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iso4217:JPY iso4217:USD pure shares utr:Y iso4217:USD shares iso4217:CHF shares 2022 FY 0001610520 0001114446 FY --12-31 2022 true false false --12-31 V8 false false 719 3000 203 false International Financial Reporting Standards false false David Kelly false 2022-04-01 2022-04-01 2023-02-23 2023-02-23 3009668 2443562 20-F 20-F true 2022-12-31 2022-12-31 UBS Group AG 1-36764 UBS AG 1-15060 V8 Bahnhofstrasse 45 CH-8001 Zurich Bahnhofstrasse 45 CH-8001 Zurich CH CH David Kelly 203 719 3000 3524635722 3858408466 No No No No Yes Yes Yes Yes Large Accelerated Filer false Non-accelerated Filer false true true International Financial Reporting Standards false false Ernst & Young Ltd Ernst & Young Ltd Basel, Switzerland Basel, Switzerland 1460 1460 <div id="TextBlockContainer2" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:456px;height:128px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a26135" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:40.596px;top:0px;">Credit risk:</div><div id="a26136" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:91.235px;top:0.2px;"><div style="display:inline-block;width:2.83px"> </div>the risk of loss resulting<div style="display:inline-block;width:4.33px"> </div>from the failure of a client or<div style="display:inline-block;width:4.14px"> </div>counterparty to meet its </div><div id="a26138" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:12.1px;">contractual obligations toward<div style="display:inline-block;width:4.33px"> </div>UBS. This includes settlement risk, loan underwriting<div style="display:inline-block;width:4.67px"> </div>risk and step-in risk. </div><div id="a26142" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:italic;left:18.811px;top:27.4px;">Settlement risk:</div><div id="a26143" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:93.115px;top:27.7px;"><div style="display:inline-block;width:2.84px"> </div>the risk of loss resulting from transactions<div style="display:inline-block;width:4.42px"> </div>that involve exchange of value (e.g., </div><div id="a26146" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.811px;top:39.5px;">security versus cash) where<div style="display:inline-block;width:4.2px"> </div>we must deliver without first being able to determine<div style="display:inline-block;width:4.62px"> </div>with certainty that </div><div id="a26147" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.811px;top:51.3px;">we will receive the<div style="display:inline-block;width:4.19px"> </div>consideration. </div><div id="a26151" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:italic;left:18.811px;top:66.7px;">Loan underwriting<div style="display:inline-block;width:4.09px"> </div>risk:</div><div id="a26152" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:129.568px;top:67px;"><div style="display:inline-block;width:2.84px"> </div>the risk of loss arising during the holding period of<div style="display:inline-block;width:4.31px"> </div>financing transactions </div><div id="a26155" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.811px;top:78.8px;">that are intended for<div style="display:inline-block;width:4.1px"> </div>further distribution. </div><div id="a26157" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:italic;left:18.811px;top:94.1px;">Step-in risk:</div><div id="a26160" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:74.678px;top:94.4px;"><div style="display:inline-block;width:2.84px"> </div>the risk that UBS may decide to provide<div style="display:inline-block;width:4.18px"> </div>financial support to an unconsolidated<div style="display:inline-block;width:4.11px"> </div>entity </div><div id="a26162" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.811px;top:106.2px;">that is facing stress in<div style="display:inline-block;width:4.19px"> </div>the absence of, or in excess of, any contractual<div style="display:inline-block;width:4.24px"> </div>obligations to provide such </div><div id="a26164" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.811px;top:118px;">support.</div></div><div id="TextBlockContainer4" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:452px;height:101px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a26173" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:40.596px;top:0px;">Market risk</div><div id="a26174" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:94.062px;top:0.2px;"><div style="display:inline-block;width:2.84px"> </div>(traded and non-traded): the risk<div style="display:inline-block;width:4.33px"> </div>of loss resulting from adverse movements in </div><div id="a26178" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:12.5px;">market variables. Market variables include<div style="display:inline-block;width:4.49px"> </div>observable variables, such as interest rates,<div style="display:inline-block;width:4.1px"> </div>foreign exchange </div><div id="a26179" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:24.4px;">rates, equity prices, credit<div style="display:inline-block;width:4.13px"> </div>spreads and commodity (including precious<div style="display:inline-block;width:4.59px"> </div>metal) prices, as well as variables </div><div id="a26181" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:36.2px;">that may be unobservable<div style="display:inline-block;width:4.16px"> </div>or only indirectly observable, such as<div style="display:inline-block;width:4.09px"> </div>volatilities and correlations. Market<div style="display:inline-block;width:4.11px"> </div>risk </div><div id="a26182" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:48.5px;">includes issuer risk and investment<div style="display:inline-block;width:4.22px"> </div>risk.</div><div id="a26184" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:italic;left:18.811px;top:63.4px;">Issuer risk:</div><div id="a26185" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:68.026px;top:63.6px;"><div style="display:inline-block;width:2.84px"> </div>the risk of loss from<div style="display:inline-block;width:4.26px"> </div>changes in fair value resulting from<div style="display:inline-block;width:4.27px"> </div>credit-related events affecting </div><div id="a26191" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.811px;top:75.9px;">an issuer to which we are<div style="display:inline-block;width:4.1px"> </div>exposed through tradable securities<div style="display:inline-block;width:4.16px"> </div>or derivatives referencing the issuer. </div><div id="a26193" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:italic;left:18.811px;top:90.8px;">Investment risk:</div><div id="a26194" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:94.062px;top:91.1px;"><div style="display:inline-block;width:2.84px"> </div>issuer risk associated with positions<div style="display:inline-block;width:4.21px"> </div>held as financial investments.</div></div><div id="TextBlockContainer6" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:434px;height:34px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a26264" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:italic;left:40.598px;top:0px;">Liquidity risk:</div><div id="a26265" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:104.476px;top:0.2px;"><div style="display:inline-block;width:2.83px"> </div>the risk that the firm will not be able to efficiently<div style="display:inline-block;width:4.19px"> </div>meet both expected and </div><div id="a26267" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:12.6px;">unexpected current and<div style="display:inline-block;width:4.18px"> </div>forecast cash flows and collateral needs<div style="display:inline-block;width:4.1px"> </div>without affecting either daily </div><div id="a26268" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:24.4px;">operations or the financial condition of<div style="display:inline-block;width:4.28px"> </div>the firm.</div></div><div id="TextBlockContainer8" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:440px;height:47px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a26275" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:italic;left:40.598px;top:0px;">Funding risk:</div><div id="a26276" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:101.636px;top:0.2px;"><div style="display:inline-block;width:2.84px"> </div>the risk that the firm will be unable, on an<div style="display:inline-block;width:4.22px"> </div>ongoing basis, to borrow funds in </div><div id="a26278" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:12.5px;">the market on an unsecured<div style="display:inline-block;width:4.33px"> </div>(or even secured) basis at an acceptable<div style="display:inline-block;width:4.1px"> </div>price to fund actual or </div><div id="a26279" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:24.4px;">proposed commitments<div style="display:inline-block;width:1.49px"> </div>,<div style="display:inline-block;width:2.47px"> </div>i.e., the risk that UBS’s funding capacity<div style="display:inline-block;width:4.4px"> </div>is not sufficient to support the </div><div id="a26284" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:36.7px;">firm’s current business<div style="display:inline-block;width:4.1px"> </div>and desired strategy.</div></div><div id="TextBlockContainer10" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:304px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a26814" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:42.297px;top:0px;">The</div><div id="a26815" style="position:absolute;font-family:'Frutiger';font-size:8.039px;font-weight:bold;font-style:italic;color:#DBAA35;left:63.104px;top:4.8px;"> </div><div id="a26816" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:65.942px;top:0px;">Board of Directors</div><div id="a26817" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:169.565px;top:0.3px;"><div style="display:inline-block;width:4.27px"> </div>(the BoD)<div style="display:inline-block;width:5.65px"> </div>approves the<div style="display:inline-block;width:5.42px"> </div>risk management<div style="display:inline-block;width:5.24px"> </div>and control<div style="display:inline-block;width:5.47px"> </div>framework of<div style="display:inline-block;width:5.52px"> </div>the Group,<div style="display:inline-block;width:5.58px"> </div>including </div><div id="a26819" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.4px;">the Group<div style="display:inline-block;width:5.47px"> </div>and business<div style="display:inline-block;width:5.41px"> </div>division overall risk appetite.<div style="display:inline-block;width:6.13px"> </div>The BoD<div style="display:inline-block;width:5.59px"> </div>is supported<div style="display:inline-block;width:5.06px"> </div>by its Risk<div style="display:inline-block;width:5.35px"> </div>Committee, which<div style="display:inline-block;width:5.25px"> </div>monitors and </div><div id="a26820" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.5px;">oversees the Group’s risk profile<div style="display:inline-block;width:5.33px"> </div>and the implementation of<div style="display:inline-block;width:5.14px"> </div>the risk framework approved<div style="display:inline-block;width:5.74px"> </div>by the BoD, and<div style="display:inline-block;width:5.21px"> </div>approves the </div><div id="a26822" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.1px;">Group’s risk appetite methodology. The Corporate Culture and Responsibility Committee<div style="display:inline-block;width:2.29px"> </div>(the CCRC) helps the BoD meet </div><div id="a26823" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.3px;">its<div style="display:inline-block;width:5.47px"> </div>duty<div style="display:inline-block;width:6.2px"> </div>to<div style="display:inline-block;width:5.72px"> </div>safeguard<div style="display:inline-block;width:6.26px"> </div>and<div style="display:inline-block;width:6.08px"> </div>advance<div style="display:inline-block;width:5.67px"> </div>UBS’s<div style="display:inline-block;width:6.18px"> </div>reputation<div style="display:inline-block;width:6.16px"> </div>for<div style="display:inline-block;width:6.04px"> </div>responsible<div style="display:inline-block;width:6.46px"> </div>and<div style="display:inline-block;width:6.08px"> </div>sustainable<div style="display:inline-block;width:6.3px"> </div>conduct,<div style="display:inline-block;width:6.03px"> </div>reviewing<div style="display:inline-block;width:6.33px"> </div>stakeholder </div><div id="a26825" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.9px;">concerns and expectations<div style="display:inline-block;width:5.04px"> </div>pertaining to UBS’s societal<div style="display:inline-block;width:5.58px"> </div>contribution and corporate<div style="display:inline-block;width:5.16px"> </div>culture. The Audit<div style="display:inline-block;width:5.1px"> </div>Committee assists </div><div id="a26827" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:92px;">the<div style="display:inline-block;width:5.72px"> </div>BoD<div style="display:inline-block;width:5.76px"> </div>with<div style="display:inline-block;width:5.72px"> </div>its oversight<div style="display:inline-block;width:7.03px"> </div>duty<div style="display:inline-block;width:5.72px"> </div>relating<div style="display:inline-block;width:5.8px"> </div>to<div style="display:inline-block;width:5.72px"> </div>financial<div style="display:inline-block;width:5.41px"> </div>reporting<div style="display:inline-block;width:5.69px"> </div>and<div style="display:inline-block;width:5.61px"> </div>internal<div style="display:inline-block;width:5.8px"> </div>controls<div style="display:inline-block;width:5.48px"> </div>over<div style="display:inline-block;width:5.52px"> </div>financial<div style="display:inline-block;width:5.76px"> </div>reporting,<div style="display:inline-block;width:6.26px"> </div>and<div style="display:inline-block;width:5.61px"> </div>the </div><div id="a26829" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:107.7px;">effectiveness of whistleblowing procedures<div style="display:inline-block;width:5.71px"> </div>and the external and internal audit<div style="display:inline-block;width:5.25px"> </div>functions. </div><div id="a26831" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:130.4px;">The </div><div id="a26832" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:29.056px;top:130.1px;">Group</div><div id="a26833" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:65.469px;top:130.4px;"> </div><div id="a26834" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:68.78px;top:130.1px;">Executive Board</div><div id="a26835" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:157.752px;top:130.4px;"><div style="display:inline-block;width:3.31px"> </div>(the GEB) has overall responsibility for<div style="display:inline-block;width:2.3px"> </div>establishing and implementing a risk management and </div><div id="a26837" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:145.5px;">control framework in the Group,<div style="display:inline-block;width:5.54px"> </div>managing the risk profile of the Group<div style="display:inline-block;width:5.14px"> </div>as a whole. </div><div id="a26840" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:168.2px;">The </div><div id="a26841" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:29.056px;top:167.9px;">Group<div style="display:inline-block;width:2.24px"> </div>Chief Executive<div style="display:inline-block;width:1.23px"> </div>Officer</div><div id="a26842" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:191.352px;top:168.2px;"><div style="display:inline-block;width:3.32px"> </div>has responsibility<div style="display:inline-block;width:1.05px"> </div>and accountability<div style="display:inline-block;width:1.04px"> </div>for the<div style="display:inline-block;width:1.94px"> </div>management<div style="display:inline-block;width:2.04px"> </div>and performance<div style="display:inline-block;width:1.25px"> </div>of the<div style="display:inline-block;width:2.09px"> </div>Group, </div><div id="a26844" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:183.4px;">has risk authority<div style="display:inline-block;width:1.04px"> </div>over transactions,<div style="display:inline-block;width:1.41px"> </div>positions and<div style="display:inline-block;width:1.53px"> </div>exposures, and<div style="display:inline-block;width:1.67px"> </div>allocates business<div style="display:inline-block;width:1.17px"> </div>divisions and<div style="display:inline-block;width:2.12px"> </div>Group Functions<div style="display:inline-block;width:1.83px"> </div>risk limits </div><div id="a26846" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:199px;">approved by the BoD. </div><div id="a26848" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:221.7px;">The </div><div id="a26849" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:29.528px;top:221.4px;">business division Presidents and<div style="display:inline-block;width:5.38px"> </div>Group functional heads </div><div id="a26850" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:350.818px;top:221.7px;">are responsible for the operation and management<div style="display:inline-block;width:5.22px"> </div>of their </div><div id="a26851" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:236.8px;">business<div style="display:inline-block;width:6.32px"> </div>divisions<div style="display:inline-block;width:5.86px"> </div>/<div style="display:inline-block;width:5.78px"> </div>Group<div style="display:inline-block;width:5.79px"> </div>Functions,<div style="display:inline-block;width:6.1px"> </div>including<div style="display:inline-block;width:5.74px"> </div>controlling<div style="display:inline-block;width:6.1px"> </div>the<div style="display:inline-block;width:5.72px"> </div>dedicated<div style="display:inline-block;width:5.35px"> </div>financial<div style="display:inline-block;width:5.88px"> </div>resources<div style="display:inline-block;width:6.15px"> </div>and<div style="display:inline-block;width:6.08px"> </div>risk<div style="display:inline-block;width:5.47px"> </div>appetite<div style="display:inline-block;width:5.67px"> </div>of<div style="display:inline-block;width:5.72px"> </div>the </div><div id="a26855" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:251.9px;">business divisions. </div><div id="a26859" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:275.1px;">The </div><div id="a26860" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:29.528px;top:274.9px;">regional Presidents</div><div id="a26861" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:135.992px;top:275.1px;"><div style="display:inline-block;width:3.79px"> </div>ensure cross-divisional collaboration<div style="display:inline-block;width:5.76px"> </div>in their regions and<div style="display:inline-block;width:5.19px"> </div>are mandated to inform the<div style="display:inline-block;width:5.06px"> </div>GEB about </div><div id="a26867" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:290.3px;">any regional activities and issues that may<div style="display:inline-block;width:5.05px"> </div>give rise to actual or potentially<div style="display:inline-block;width:5.2px"> </div>material regulatory or reputational<div style="display:inline-block;width:5.35px"> </div>concerns.</div></div><div id="TextBlockContainer12" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:426px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a26909" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">The </div><div id="a26910" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:30.474px;top:-0.3px;">Group Chief<div style="display:inline-block;width:5.55px"> </div>Risk Officer</div><div id="a26911" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:169.565px;top:0px;"><div style="display:inline-block;width:4.73px"> </div>(the Group<div style="display:inline-block;width:6.05px"> </div>CRO)<div style="display:inline-block;width:5.08px"> </div>is responsible<div style="display:inline-block;width:5.56px"> </div>for developing<div style="display:inline-block;width:5.8px"> </div>the Group’s<div style="display:inline-block;width:5.62px"> </div>risk management<div style="display:inline-block;width:5.72px"> </div>and control </div><div id="a26913" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">framework (including<div style="display:inline-block;width:5.6px"> </div>risk principles and<div style="display:inline-block;width:5.12px"> </div>risk appetite) for<div style="display:inline-block;width:5.38px"> </div>credit, market, country,<div style="display:inline-block;width:5.26px"> </div>treasury, model<div style="display:inline-block;width:5.18px"> </div>and sustainability and </div><div id="a26916" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.7px;">climate risks. This includes risk measurement and<div style="display:inline-block;width:5.25px"> </div>aggregation, portfolio controls and risk reporting.<div style="display:inline-block;width:5.04px"> </div>The Group CRO sets </div><div id="a26917" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.9px;">risk limits<div style="display:inline-block;width:5.47px"> </div>and<div style="display:inline-block;width:5.13px"> </div>approves<div style="display:inline-block;width:5.27px"> </div>credit and<div style="display:inline-block;width:5.54px"> </div>market risk<div style="display:inline-block;width:5.11px"> </div>transactions<div style="display:inline-block;width:5.14px"> </div>and<div style="display:inline-block;width:5.13px"> </div>exposures.<div style="display:inline-block;width:5.21px"> </div>Risk Control<div style="display:inline-block;width:5.57px"> </div>is also<div style="display:inline-block;width:5.87px"> </div>the central<div style="display:inline-block;width:5.42px"> </div>function for </div><div id="a26919" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">model risk management and control for all models<div style="display:inline-block;width:5.12px"> </div>used in UBS. A framework of policies and authorities support<div style="display:inline-block;width:5.09px"> </div>the risk </div><div id="a26920" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;">control process. </div><div id="a26922" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.3px;">The </div><div id="a26923" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:32.365px;top:99.1px;">Group<div style="display:inline-block;width:6.97px"> </div>Chief<div style="display:inline-block;width:6.52px"> </div>Compliance<div style="display:inline-block;width:6.61px"> </div>and<div style="display:inline-block;width:7.03px"> </div>Governance<div style="display:inline-block;width:7.04px"> </div>Officer</div><div id="a26924" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:325.725px;top:99.3px;"><div style="display:inline-block;width:6.63px"> </div>is<div style="display:inline-block;width:6.57px"> </div>responsible<div style="display:inline-block;width:7.41px"> </div>for<div style="display:inline-block;width:6.57px"> </div>developing<div style="display:inline-block;width:7.22px"> </div>the<div style="display:inline-block;width:6.67px"> </div>Group’s<div style="display:inline-block;width:6.89px"> </div>non-financial<div style="display:inline-block;width:6.47px"> </div>risk </div><div id="a26930" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:114.5px;">framework,<div style="display:inline-block;width:5.47px"> </div>which<div style="display:inline-block;width:5.4px"> </div>sets<div style="display:inline-block;width:5.62px"> </div>the<div style="display:inline-block;width:5.25px"> </div>general<div style="display:inline-block;width:5.35px"> </div>requirements<div style="display:inline-block;width:6.09px"> </div>for<div style="display:inline-block;width:5.57px"> </div>identification,<div style="display:inline-block;width:5.98px"> </div>management,<div style="display:inline-block;width:5.93px"> </div>assessment<div style="display:inline-block;width:5.29px"> </div>and<div style="display:inline-block;width:5.61px"> </div>mitigation<div style="display:inline-block;width:5.51px"> </div>of<div style="display:inline-block;width:5.25px"> </div>non-</div><div id="a26932" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:130.1px;">financial<div style="display:inline-block;width:5.41px"> </div>risk,<div style="display:inline-block;width:5.1px"> </div>and<div style="display:inline-block;width:5.61px"> </div>for<div style="display:inline-block;width:5.1px"> </div>ensuring<div style="display:inline-block;width:5.8px"> </div>that<div style="display:inline-block;width:5.1px"> </div>all non<div style="display:inline-block;width:2.08px"> </div>-financial<div style="display:inline-block;width:5.25px"> </div>risks<div style="display:inline-block;width:5.52px"> </div>are<div style="display:inline-block;width:5.29px"> </div>identified,<div style="display:inline-block;width:5.77px"> </div>owned<div style="display:inline-block;width:5.91px"> </div>and<div style="display:inline-block;width:5.13px"> </div>managed<div style="display:inline-block;width:5.66px"> </div>according<div style="display:inline-block;width:5.54px"> </div>to<div style="display:inline-block;width:5.29px"> </div>the<div style="display:inline-block;width:5.25px"> </div>non-</div><div id="a26938" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:145.2px;">financial risk appetite objectives, supported<div style="display:inline-block;width:5.72px"> </div>by an effective control framework. </div><div id="a26942" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:168.4px;">The </div><div id="a26943" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:29.056px;top:168.2px;">Group Chief Financial Officer</div><div id="a26944" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:192.298px;top:168.4px;"><div style="display:inline-block;width:3.32px"> </div>is responsible for transparency in assessing the financial performance of the Group and </div><div id="a26946" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:183.6px;">the<div style="display:inline-block;width:7.14px"> </div>business<div style="display:inline-block;width:7.27px"> </div>divisions,<div style="display:inline-block;width:7.39px"> </div>and<div style="display:inline-block;width:7.03px"> </div>for<div style="display:inline-block;width:6.99px"> </div>managing<div style="display:inline-block;width:7.29px"> </div>the<div style="display:inline-block;width:7.14px"> </div>Group’s<div style="display:inline-block;width:6.89px"> </div>financial<div style="display:inline-block;width:6.83px"> </div>accounting,<div style="display:inline-block;width:7.55px"> </div>controlling,<div style="display:inline-block;width:7.63px"> </div>forecasting,<div style="display:inline-block;width:7.33px"> </div>planning<div style="display:inline-block;width:7.42px"> </div>and </div><div id="a26948" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:198.7px;">reporting.<div style="display:inline-block;width:5.79px"> </div>Additional<div style="display:inline-block;width:5.23px"> </div>responsibilities<div style="display:inline-block;width:5.1px"> </div>include<div style="display:inline-block;width:5.4px"> </div>managing<div style="display:inline-block;width:5.75px"> </div>UBS’s<div style="display:inline-block;width:5.24px"> </div>tax affairs,<div style="display:inline-block;width:6.2px"> </div>as<div style="display:inline-block;width:5.25px"> </div>well<div style="display:inline-block;width:5.1px"> </div>as treasury<div style="display:inline-block;width:6.13px"> </div>and<div style="display:inline-block;width:5.61px"> </div>capital management, </div><div id="a26949" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:213.8px;">including<div style="display:inline-block;width:5.23px"> </div>liquidity and<div style="display:inline-block;width:6.02px"> </div>funding risk<div style="display:inline-block;width:5.85px"> </div>and UBS’s<div style="display:inline-block;width:5.75px"> </div>regulatory ratios,<div style="display:inline-block;width:5.56px"> </div>Finance Artificial<div style="display:inline-block;width:5.69px"> </div>Intelligence<div style="display:inline-block;width:5.04px"> </div>&amp; Data<div style="display:inline-block;width:5.93px"> </div>Analytics strategy </div><div id="a26955" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:229.5px;">and Group M&amp;A.<div style="display:inline-block;width:4.56px"> </div></div><div id="a26962" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:252.2px;">The </div><div id="a26963" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:27.636px;top:251.9px;">Group<div style="display:inline-block;width:2.24px"> </div>General<div style="display:inline-block;width:1.26px"> </div>Counsel</div><div id="a26964" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:154.912px;top:252.2px;"><div style="display:inline-block;width:3.31px"> </div>manages<div style="display:inline-block;width:1.25px"> </div>the Group’s<div style="display:inline-block;width:0.42px"> </div>legal<div style="display:inline-block;width:1.89px"> </div>affairs<div style="display:inline-block;width:1.14px"> </div>(including<div style="display:inline-block;width:1.07px"> </div>litigation<div style="display:inline-block;width:0.83px"> </div>involving<div style="display:inline-block;width:0.56px"> </div>UBS),<div style="display:inline-block;width:1.98px"> </div>ensuring<div style="display:inline-block;width:1.07px"> </div>effective<div style="display:inline-block;width:1.16px"> </div>and timely </div><div id="a26966" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:267.3px;">assessment<div style="display:inline-block;width:1.04px"> </div>of legal<div style="display:inline-block;width:1.57px"> </div>matters<div style="display:inline-block;width:1.8px"> </div>impacting<div style="display:inline-block;width:1.78px"> </div>the Group<div style="display:inline-block;width:1.21px"> </div>or its<div style="display:inline-block;width:1.84px"> </div>businesses,<div style="display:inline-block;width:1.28px"> </div>and managing<div style="display:inline-block;width:0.59px"> </div>and reporting<div style="display:inline-block;width:0.99px"> </div>all litigation<div style="display:inline-block;width:0.25px"> </div>matters. </div><div id="a26968" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:290.5px;">The </div><div id="a26969" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:28.109px;top:290.2px;">Head<div style="display:inline-block;width:2.25px"> </div>Human Resources</div><div id="a26970" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:157.752px;top:290.5px;"><div style="display:inline-block;width:3.31px"> </div>is responsible<div style="display:inline-block;width:0.4px"> </div>for independent<div style="display:inline-block;width:0.01px"> </div>oversight<div style="display:inline-block;width:1.46px"> </div>and challenge<div style="display:inline-block;width:0.23px"> </div>of employment-related<div style="display:inline-block;width:0px;margin-left:-0.42px"> </div>risks. </div><div id="a26976" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:312.5px;">Group Internal Audit</div><div id="a26977" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:122.725px;top:312.7px;"><div style="display:inline-block;width:3.79px"> </div>(GIA) independently assesses the effectiveness of processes to define strategy and risk appetite and </div><div id="a26979" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:327.8px;">overall<div style="display:inline-block;width:7.68px"> </div>adherence<div style="display:inline-block;width:8.06px"> </div>to<div style="display:inline-block;width:7.62px"> </div>the<div style="display:inline-block;width:7.62px"> </div>approved<div style="display:inline-block;width:8.26px"> </div>strategy.<div style="display:inline-block;width:8px"> </div>It<div style="display:inline-block;width:7.31px"> </div>also<div style="display:inline-block;width:7.71px"> </div>assesses</div><div id="a26980" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:368.312px;top:327.8px;"> </div><div id="a26981" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:376.352px;top:327.8px;">the<div style="display:inline-block;width:7.62px"> </div>effectiveness<div style="display:inline-block;width:8.08px"> </div>of<div style="display:inline-block;width:7.62px"> </div>governance<div style="display:inline-block;width:8.05px"> </div>processes<div style="display:inline-block;width:8px"> </div>and<div style="display:inline-block;width:7.97px"> </div>risk </div><div id="a26982" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:343.5px;">management,<div style="display:inline-block;width:5.45px"> </div>including<div style="display:inline-block;width:5.7px"> </div>compliance<div style="display:inline-block;width:5.04px"> </div>with<div style="display:inline-block;width:5.72px"> </div>legal<div style="display:inline-block;width:5.2px"> </div>and<div style="display:inline-block;width:5.61px"> </div>regulatory<div style="display:inline-block;width:5.28px"> </div>requirements<div style="display:inline-block;width:5.62px"> </div>and<div style="display:inline-block;width:5.61px"> </div>internal<div style="display:inline-block;width:5.32px"> </div>governance<div style="display:inline-block;width:5.69px"> </div>documents.<div style="display:inline-block;width:5.66px"> </div>The </div><div id="a26983" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:358.6px;">Head GIA reports to the Chairman<div style="display:inline-block;width:5.08px"> </div>of the BoD. GIA also<div style="display:inline-block;width:5.05px"> </div>has a functional reporting line to the<div style="display:inline-block;width:5.17px"> </div>BoD Audit Committee. </div><div id="a26986" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:381.8px;">Some of these<div style="display:inline-block;width:5.61px"> </div>roles and responsibilities<div style="display:inline-block;width:5.47px"> </div>are replicated for<div style="display:inline-block;width:5.32px"> </div>significant legal<div style="display:inline-block;width:5.13px"> </div>entities of<div style="display:inline-block;width:5.09px"> </div>the Group.<div style="display:inline-block;width:5.1px"> </div>Designated </div><div id="a26987" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:623.378px;top:381.5px;">legal entity </div><div id="a26988" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:396.7px;">risk officers</div><div id="a26989" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:69.252px;top:396.9px;"><div style="display:inline-block;width:4.26px"> </div>oversee and<div style="display:inline-block;width:5.61px"> </div>control financial<div style="display:inline-block;width:5.28px"> </div>and non<div style="display:inline-block;width:1.75px"> </div>-financial risks for significant<div style="display:inline-block;width:6.08px"> </div>legal entities<div style="display:inline-block;width:5.04px"> </div>of UBS<div style="display:inline-block;width:5.24px"> </div>as part of<div style="display:inline-block;width:5.57px"> </div>the legal </div><div id="a26994" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:412.1px;">entity control framework, which complements<div style="display:inline-block;width:5.33px"> </div>the Group’s risk management and<div style="display:inline-block;width:5.33px"> </div>control framework.</div></div><div id="TextBlockContainer14" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:60px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a27572_1_112" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:43.716px;top:0px;">We apply a<div style="display:inline-block;width:5.55px"> </div>variety of methodologies<div style="display:inline-block;width:5.93px"> </div>and measurements<div style="display:inline-block;width:5.37px"> </div>to quantify the<div style="display:inline-block;width:5.5px"> </div>risks of our<div style="display:inline-block;width:5.55px"> </div>portfolios and potential<div style="display:inline-block;width:5.62px"> </div>risk </div><div id="a27575" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.2px;">concentrations. Risks that are not<div style="display:inline-block;width:5.77px"> </div>fully reflected within standard<div style="display:inline-block;width:5.56px"> </div>measures are subject<div style="display:inline-block;width:5.25px"> </div>to additional controls, which<div style="display:inline-block;width:5.55px"> </div>may </div><div id="a27576" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.3px;">include<div style="display:inline-block;width:6.34px"> </div>preapproval<div style="display:inline-block;width:6.82px"> </div>of<div style="display:inline-block;width:6.2px"> </div>specific<div style="display:inline-block;width:6.58px"> </div>transactions<div style="display:inline-block;width:7.19px"> </div>and<div style="display:inline-block;width:6.55px"> </div>the<div style="display:inline-block;width:6.2px"> </div>application<div style="display:inline-block;width:6.29px"> </div>of<div style="display:inline-block;width:6.2px"> </div>specific<div style="display:inline-block;width:6.58px"> </div>restrictions.<div style="display:inline-block;width:7.39px"> </div>Models<div style="display:inline-block;width:6.55px"> </div>to<div style="display:inline-block;width:6.2px"> </div>quantify<div style="display:inline-block;width:6.14px"> </div>risk<div style="display:inline-block;width:6.41px"> </div>are </div><div id="a27578" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.9px;">generally developed by dedicated<div style="display:inline-block;width:5.06px"> </div>units within control functions and<div style="display:inline-block;width:5.42px"> </div>are subject to independent<div style="display:inline-block;width:5.65px"> </div>validation.</div></div><div id="TextBlockContainer16" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:281px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a28084_1_117" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:42.769px;top:0px;">Risk concentrations may exist where<div style="display:inline-block;width:5.1px"> </div>one or several positions<div style="display:inline-block;width:5.16px"> </div>within or across different<div style="display:inline-block;width:5.59px"> </div>risk categories could result </div><div id="a28087" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">in significant losses relative<div style="display:inline-block;width:5.21px"> </div>to UBS’s financial strength.<div style="display:inline-block;width:5.87px"> </div>Identifying such risk concentrations<div style="display:inline-block;width:6.11px"> </div>and assessing their potential </div><div id="a28089" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.7px;">impact is a critical component<div style="display:inline-block;width:5.1px"> </div>of our risk management and control<div style="display:inline-block;width:5.3px"> </div>process. </div><div id="a28092" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:53.4px;">For financial risks, we consider a number of elements, such as shared characteristics of positions, the size of the portfolio </div><div id="a28094" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:68.6px;">and the sensitivity of positions to<div style="display:inline-block;width:5.15px"> </div>changes in the underlying risk factors. Also important<div style="display:inline-block;width:5.23px"> </div>in our assessment is the liquidity </div><div id="a28096" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:84.2px;">of the markets<div style="display:inline-block;width:5.57px"> </div>where the<div style="display:inline-block;width:5.27px"> </div>positions are<div style="display:inline-block;width:5.46px"> </div>traded, as<div style="display:inline-block;width:5.08px"> </div>well as the<div style="display:inline-block;width:5.4px"> </div>availability and effectiveness<div style="display:inline-block;width:6.4px"> </div>of hedges<div style="display:inline-block;width:5.07px"> </div>or other potential </div><div id="a28097" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.3px;">risk-mitigating factors. This includes an assessment of, for<div style="display:inline-block;width:2.08px"> </div>example, the provider of the hedge and market liquidity<div style="display:inline-block;width:2.24px"> </div>where </div><div id="a28101" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:114.5px;">the hedge might be traded.<div style="display:inline-block;width:5.25px"> </div>Particular attention is given<div style="display:inline-block;width:5.4px"> </div>to identification of wrong<div style="display:inline-block;width:2.16px"> </div>-way risk and risk on risk. Wrong<div style="display:inline-block;width:2px"> </div>-way </div><div id="a28106" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:130.1px;">risk is defined as a positive correlation between<div style="display:inline-block;width:5.34px"> </div>the size of the exposure and the likelihood of a<div style="display:inline-block;width:5.09px"> </div>loss. Risk on risk is when </div><div id="a28108" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:145.2px;">a position and its risk mitigation<div style="display:inline-block;width:5.09px"> </div>can be impacted by the same event. </div><div id="a28110" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:168.4px;">For non-financial risks, risk concentrations may result from, for example,<div style="display:inline-block;width:5.11px"> </div>a single operational risk issue that is large on its </div><div id="a28113" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:183.5px;">own (i.e.,<div style="display:inline-block;width:5.18px"> </div>it has the potential<div style="display:inline-block;width:5.18px"> </div>to produce<div style="display:inline-block;width:5.1px"> </div>a single high<div style="display:inline-block;width:1.61px"> </div>-impact loss or<div style="display:inline-block;width:5.1px"> </div>a number of<div style="display:inline-block;width:5.29px"> </div>losses that together<div style="display:inline-block;width:5.23px"> </div>are high impact) </div><div id="a28117" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:198.7px;">or related risk issues that may link together<div style="display:inline-block;width:5.25px"> </div>to create a high impact. </div><div id="a28119" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:221.4px;">Risk<div style="display:inline-block;width:5.82px"> </div>concentrations<div style="display:inline-block;width:6.24px"> </div>are<div style="display:inline-block;width:5.76px"> </div>subject<div style="display:inline-block;width:6.14px"> </div>to<div style="display:inline-block;width:6.2px"> </div>increased<div style="display:inline-block;width:5.91px"> </div>oversight<div style="display:inline-block;width:6.19px"> </div>by<div style="display:inline-block;width:6.15px"> </div>Group<div style="display:inline-block;width:6.26px"> </div>Risk<div style="display:inline-block;width:5.82px"> </div>Control<div style="display:inline-block;width:6.26px"> </div>and<div style="display:inline-block;width:6.08px"> </div>Group<div style="display:inline-block;width:6.26px"> </div>Compliance,<div style="display:inline-block;width:5.98px"> </div>Regulatory<div style="display:inline-block;width:6.28px"> </div>&amp; </div><div id="a28121" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:236.5px;">Governance, and assessed to determine<div style="display:inline-block;width:2.34px"> </div>whether they should be reduced or<div style="display:inline-block;width:2.07px"> </div>mitigated, depending on the<div style="display:inline-block;width:2.19px"> </div>available means </div><div id="a28122" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:252.1px;">to do<div style="display:inline-block;width:5.29px"> </div>so. It is<div style="display:inline-block;width:5.45px"> </div>possible that<div style="display:inline-block;width:5.7px"> </div>material losses<div style="display:inline-block;width:5.36px"> </div>could occur<div style="display:inline-block;width:5.45px"> </div>on financial<div style="display:inline-block;width:5.45px"> </div>or non<div style="display:inline-block;width:1.49px"> </div>-financial risks,<div style="display:inline-block;width:5.3px"> </div>particularly if<div style="display:inline-block;width:5.69px"> </div>the correlations </div><div id="a28125" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:267.3px;">that emerge in a stressed environment differ<div style="display:inline-block;width:5.24px"> </div>markedly from those envisaged<div style="display:inline-block;width:5.26px"> </div>by risk models.</div></div><div id="TextBlockContainer18" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:159px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a28191_1_29" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:42.769px;top:0px;">Main sources of credit risk<div style="display:inline-block;width:5.16px"> </div></div><div id="a28194" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23px;">–</div><div id="a28195" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:22.9px;"> </div><div id="a28196" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:23px;">Global<div style="display:inline-block;width:5.29px"> </div>Wealth<div style="display:inline-block;width:5.18px"> </div>Management<div style="display:inline-block;width:5.55px"> </div>credit<div style="display:inline-block;width:5.5px"> </div>risk arises<div style="display:inline-block;width:6.36px"> </div>from<div style="display:inline-block;width:5.85px"> </div>lending<div style="display:inline-block;width:5.84px"> </div>against<div style="display:inline-block;width:5.4px"> </div>securities collateral,<div style="display:inline-block;width:6.74px"> </div>including<div style="display:inline-block;width:5.7px"> </div>derivative trading </div><div id="a28201" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:38.2px;">activity, and lending against<div style="display:inline-block;width:5.11px"> </div>residential and commercial real estate collateral,<div style="display:inline-block;width:5.25px"> </div>as well as corporate and<div style="display:inline-block;width:5.01px"> </div>other lending.<div style="display:inline-block;width:4.53px"> </div></div><div id="a28207" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">–</div><div id="a28208" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:53.7px;"> </div><div id="a28209" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:53.8px;">A substantial<div style="display:inline-block;width:6.12px"> </div>portion<div style="display:inline-block;width:5.13px"> </div>of lending<div style="display:inline-block;width:6.43px"> </div>exposure<div style="display:inline-block;width:5.27px"> </div>arises from<div style="display:inline-block;width:5.6px"> </div>Personal<div style="display:inline-block;width:5.4px"> </div>&amp; Corporate<div style="display:inline-block;width:6.52px"> </div>Banking,<div style="display:inline-block;width:5.54px"> </div>which offers<div style="display:inline-block;width:6.01px"> </div>mortgage loans, </div><div id="a28211" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:68.9px;">secured<div style="display:inline-block;width:6.49px"> </div>mainly<div style="display:inline-block;width:5.79px"> </div>by<div style="display:inline-block;width:6.24px"> </div>owner-occupied<div style="display:inline-block;width:6.32px"> </div>properties<div style="display:inline-block;width:6.48px"> </div>and<div style="display:inline-block;width:6.55px"> </div>income-producing<div style="display:inline-block;width:6.56px"> </div>real<div style="display:inline-block;width:6.13px"> </div>estate,<div style="display:inline-block;width:5.99px"> </div>as<div style="display:inline-block;width:6.2px"> </div>well<div style="display:inline-block;width:6.04px"> </div>as<div style="display:inline-block;width:6.2px"> </div>corporate<div style="display:inline-block;width:6.09px"> </div>loans,<div style="display:inline-block;width:6.6px"> </div>and </div><div id="a28219" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:84.1px;">therefore depends on<div style="display:inline-block;width:5.05px"> </div>the performance of the Swiss economy and real estate<div style="display:inline-block;width:5.3px"> </div>market. </div><div id="a28221" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.7px;">–</div><div id="a28222" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:99.5px;"> </div><div id="a28223" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:99.7px;">The<div style="display:inline-block;width:7.3px"> </div>Investment<div style="display:inline-block;width:6.78px"> </div>Bank’s<div style="display:inline-block;width:7.65px"> </div>credit<div style="display:inline-block;width:7.49px"> </div>exposure<div style="display:inline-block;width:7.63px"> </div>arises<div style="display:inline-block;width:6.93px"> </div>mainly<div style="display:inline-block;width:7.2px"> </div>from<div style="display:inline-block;width:7.55px"> </div>lending,<div style="display:inline-block;width:7.8px"> </div>derivatives<div style="display:inline-block;width:6.9px"> </div>trading<div style="display:inline-block;width:7.76px"> </div>and<div style="display:inline-block;width:7.5px"> </div>securities<div style="display:inline-block;width:6.68px"> </div>financing. </div><div id="a28225" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:114.8px;">Derivatives trading and securities financing are mainly investment grade. Loan underwriting activity can<div style="display:inline-block;width:2.15px"> </div>be lower rated </div><div id="a28226" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:130.4px;">and give rise to temporary concentrated exposure<div style="display:inline-block;width:2.44px"> </div>. </div><div id="a28229" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:145.6px;">–</div><div id="a28230" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:145.4px;"> </div><div id="a28231" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:145.6px;">Credit risk within Non-core and<div style="display:inline-block;width:5.31px"> </div>Legacy portfolio relates to derivative transactions<div style="display:inline-block;width:5.55px"> </div>and securitized positions.</div></div><div id="TextBlockContainer20" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:227px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a28508_1_62" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:42.297px;top:0px;">Overview of measurement, monitoring<div style="display:inline-block;width:5.1px"> </div>and management techniques </div><div id="a28514" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:24.9px;">–</div><div id="a28515" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:24.8px;"> </div><div id="a28516" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:24.9px;">Credit risk<div style="display:inline-block;width:5.75px"> </div>from<div style="display:inline-block;width:5.18px"> </div>transactions<div style="display:inline-block;width:5.14px"> </div>with individual<div style="display:inline-block;width:6.49px"> </div>counterparties<div style="display:inline-block;width:5.14px"> </div>is based<div style="display:inline-block;width:6.18px"> </div>on<div style="display:inline-block;width:5.13px"> </div>our estimates<div style="display:inline-block;width:6.51px"> </div>of probability<div style="display:inline-block;width:6.06px"> </div>of default<div style="display:inline-block;width:6.29px"> </div>(PD), </div><div id="a28517" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:42.4px;">exposure at default (EAD)<div style="display:inline-block;width:5.08px"> </div>and loss given default (LGD). Limits are established for individual counterparties<div style="display:inline-block;width:5.01px"> </div>and groups </div><div id="a28521" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:59.9px;">of<div style="display:inline-block;width:5.72px"> </div>related<div style="display:inline-block;width:5.71px"> </div>counterparties<div style="display:inline-block;width:5.67px"> </div>covering<div style="display:inline-block;width:6.09px"> </div>banking<div style="display:inline-block;width:6.38px"> </div>and<div style="display:inline-block;width:5.13px"> </div>traded<div style="display:inline-block;width:5.77px"> </div>products,<div style="display:inline-block;width:5.89px"> </div>and<div style="display:inline-block;width:5.61px"> </div>for<div style="display:inline-block;width:5.57px"> </div>settlement<div style="display:inline-block;width:5.68px"> </div>amounts.<div style="display:inline-block;width:6.13px"> </div>Risk<div style="display:inline-block;width:5.35px"> </div>authorities<div style="display:inline-block;width:5.66px"> </div>are </div><div id="a28523" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:77px;">approved by the Bo<div style="display:inline-block;width:1.55px"> </div>ard of Directors and are delegated<div style="display:inline-block;width:5.39px"> </div>to the Group CEO, the<div style="display:inline-block;width:5.09px"> </div>Group CRO and divisional CROs,<div style="display:inline-block;width:5.41px"> </div>based </div><div id="a28527" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:94.5px;">on risk exposure amounts,<div style="display:inline-block;width:5.28px"> </div>internal credit rating and potential for losses. </div><div id="a28531" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:111.9px;">–</div><div id="a28532" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:111.8px;"> </div><div id="a28533" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:111.9px;">Limits apply not only to the current outstanding amount but also to contingent commitments and the potential future </div><div id="a28534" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:129px;">exposure of traded products. </div><div id="a28536" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:146.5px;">–</div><div id="a28537" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:146.4px;"> </div><div id="a28538" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:146.5px;">The Investment Bank monitoring, measurement<div style="display:inline-block;width:5.02px"> </div>and limit framework distinguishes<div style="display:inline-block;width:5.46px"> </div>between exposures intended to be </div><div id="a28542" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:164px;">held to maturity (take-and-hold<div style="display:inline-block;width:5.27px"> </div>exposures) and those intended<div style="display:inline-block;width:5.1px"> </div>for distribution or risk transfer (temporary exposures). </div><div id="a28548" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:181px;">–</div><div id="a28549" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:180.9px;"> </div><div id="a28550" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:181px;">We use<div style="display:inline-block;width:5.12px"> </div>models to<div style="display:inline-block;width:5.08px"> </div>derive portfolio credit<div style="display:inline-block;width:5.69px"> </div>risk measures<div style="display:inline-block;width:5.42px"> </div>of expected loss,<div style="display:inline-block;width:5.63px"> </div>statistical loss<div style="display:inline-block;width:5.57px"> </div>and stress<div style="display:inline-block;width:5.32px"> </div>loss at Group<div style="display:inline-block;width:1.94px"> </div>-wide </div><div id="a28557" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:198.5px;">and business division levels, and<div style="display:inline-block;width:5.07px"> </div>to establish portfolio limits. </div><div id="a28559" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:4.905px;top:214px;"> </div><div id="a28560" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:197.032px;top:214.1px;"> </div></div><div id="TextBlockContainer22" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:83px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a28598" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">–</div><div id="a28599" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:-0.1px;"> </div><div id="a28600" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:0px;">Credit risk concentrations can arise if<div style="display:inline-block;width:5.32px"> </div>clients are engaged in similar activities,<div style="display:inline-block;width:5.43px"> </div>located in the same geographical<div style="display:inline-block;width:5.43px"> </div>region </div><div id="a28602" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:17px;">or have<div style="display:inline-block;width:5.83px"> </div>comparable economic<div style="display:inline-block;width:6.19px"> </div>characteristics,<div style="display:inline-block;width:5.28px"> </div>e.g.,<div style="display:inline-block;width:5.24px"> </div>if their<div style="display:inline-block;width:5.38px"> </div>ability to<div style="display:inline-block;width:5.84px"> </div>meet contractual<div style="display:inline-block;width:6.06px"> </div>obligations<div style="display:inline-block;width:5.32px"> </div>would be<div style="display:inline-block;width:6.12px"> </div>similarly </div><div id="a28609" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:34.5px;">affected by changes in economic, political or other conditions.<div style="display:inline-block;width:5.37px"> </div>To avoid credit risk concentrations, we<div style="display:inline-block;width:5.04px"> </div>establish limits / </div><div id="a28611" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:51.5px;">operational<div style="display:inline-block;width:5.97px"> </div>controls<div style="display:inline-block;width:5.96px"> </div>that<div style="display:inline-block;width:6.04px"> </div>constrain<div style="display:inline-block;width:6.19px"> </div>risk<div style="display:inline-block;width:6.41px"> </div>concentrations<div style="display:inline-block;width:6.24px"> </div>at<div style="display:inline-block;width:5.52px"> </div>portfolio,<div style="display:inline-block;width:6.39px"> </div>sub-portfolio<div style="display:inline-block;width:6.84px"> </div>or<div style="display:inline-block;width:5.72px"> </div>counterparty<div style="display:inline-block;width:6.41px"> </div>levels<div style="display:inline-block;width:5.79px"> </div>for<div style="display:inline-block;width:6.04px"> </div>sector </div><div id="a28614" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:69.1px;">exposure, country risk and specific product<div style="display:inline-block;width:5.53px"> </div>exposures.</div></div><div id="TextBlockContainer24" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:297px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a31521_1_110" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:44.188px;top:0px;">Counterparty credit<div style="display:inline-block;width:6.23px"> </div>risk (CCR)<div style="display:inline-block;width:6.29px"> </div>arising from<div style="display:inline-block;width:5.85px"> </div>traded products,<div style="display:inline-block;width:6.57px"> </div>which include<div style="display:inline-block;width:6.18px"> </div>OTC derivatives,<div style="display:inline-block;width:5.74px"> </div>ETD exposures<div style="display:inline-block;width:6.91px"> </div>and </div><div id="a31524" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">SFTs,<div style="display:inline-block;width:5.2px"> </div>originating in the Investment Bank, Non<div style="display:inline-block;width:1.5px"> </div>-core and Legacy Portfolio, and Group Treasury,<div style="display:inline-block;width:6.98px"> </div>is generally managed on a </div><div id="a31533" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.7px;">close-out<div style="display:inline-block;width:5.77px"> </div>basis.<div style="display:inline-block;width:5.98px"> </div>This<div style="display:inline-block;width:6.29px"> </div>takes<div style="display:inline-block;width:6.04px"> </div>into<div style="display:inline-block;width:5.82px"> </div>account<div style="display:inline-block;width:6.2px"> </div>possible<div style="display:inline-block;width:6.17px"> </div>effects<div style="display:inline-block;width:5.77px"> </div>of<div style="display:inline-block;width:6.38px"> </div>market<div style="display:inline-block;width:6.16px"> </div>movements<div style="display:inline-block;width:5.94px"> </div>on<div style="display:inline-block;width:6.62px"> </div>the<div style="display:inline-block;width:5.72px"> </div>exposure<div style="display:inline-block;width:6.21px"> </div>and<div style="display:inline-block;width:6.08px"> </div>any<div style="display:inline-block;width:6.15px"> </div>associated </div><div id="a31539" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.9px;">collateral over the time it<div style="display:inline-block;width:1.86px"> </div>would take to close out our positions. In the Investment<div style="display:inline-block;width:1.9px"> </div>Bank, limits are applied to the potential </div><div id="a31541" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">future<div style="display:inline-block;width:6.8px"> </div>exposure<div style="display:inline-block;width:7.19px"> </div>per<div style="display:inline-block;width:6.67px"> </div>counterparty,<div style="display:inline-block;width:7.73px"> </div>with<div style="display:inline-block;width:6.67px"> </div>the<div style="display:inline-block;width:6.67px"> </div>size<div style="display:inline-block;width:6.36px"> </div>of<div style="display:inline-block;width:6.67px"> </div>the<div style="display:inline-block;width:6.2px"> </div>limit<div style="display:inline-block;width:6px"> </div>dependent<div style="display:inline-block;width:7.48px"> </div>on<div style="display:inline-block;width:6.55px"> </div>the<div style="display:inline-block;width:6.2px"> </div>counterparty’s<div style="display:inline-block;width:6.57px"> </div>creditworthiness<div style="display:inline-block;width:7.32px"> </div>(as </div><div id="a31543" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;">determined by Risk Control).<div style="display:inline-block;width:6.03px"> </div>Limit frameworks are also<div style="display:inline-block;width:5.24px"> </div>used to control<div style="display:inline-block;width:5.67px"> </div>overall exposure to<div style="display:inline-block;width:5.16px"> </div>specific classes or<div style="display:inline-block;width:5.26px"> </div>categories </div><div id="a31544" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:91.8px;">of collateral on a portfolio level.<div style="display:inline-block;width:5.01px"> </div>Such portfolio limits are monitored<div style="display:inline-block;width:5.08px"> </div>and reported to senior management.</div><div id="a31548" style="position:absolute;font-family:'Frutiger';font-size:8.039px;font-weight:bold;font-style:normal;color:#DBAA35;left:601.112px;top:96.3px;"> </div><div id="a31549" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:114.9px;">Trading in<div style="display:inline-block;width:5.08px"> </div>OTC derivatives is conducted<div style="display:inline-block;width:5.77px"> </div>through central counterparties<div style="display:inline-block;width:5.41px"> </div>where practicable.<div style="display:inline-block;width:5.29px"> </div>Where central counterparties </div><div id="a31550" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:130.1px;">are not used, we have clearly defined policies and processes for trading on a bilateral<div style="display:inline-block;width:2.15px"> </div>basis. Trading is typically conducted </div><div id="a31552" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:145.2px;">under<div style="display:inline-block;width:5.66px"> </div>bilateral International<div style="display:inline-block;width:6.58px"> </div>Swaps<div style="display:inline-block;width:5.56px"> </div>and<div style="display:inline-block;width:5.13px"> </div>Derivatives Association<div style="display:inline-block;width:6.77px"> </div>or<div style="display:inline-block;width:5.25px"> </div>similar master<div style="display:inline-block;width:6.22px"> </div>netting<div style="display:inline-block;width:5.4px"> </div>agreements,<div style="display:inline-block;width:5.54px"> </div>which<div style="display:inline-block;width:5.4px"> </div>generally </div><div id="a31553" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:160.9px;">allow<div style="display:inline-block;width:5.77px"> </div>for<div style="display:inline-block;width:5.57px"> </div>close-out<div style="display:inline-block;width:5.77px"> </div>and<div style="display:inline-block;width:6.08px"> </div>netting<div style="display:inline-block;width:5.87px"> </div>of<div style="display:inline-block;width:5.72px"> </div>transactions<div style="display:inline-block;width:5.61px"> </div>in<div style="display:inline-block;width:5.77px"> </div>case<div style="display:inline-block;width:5.52px"> </div>of<div style="display:inline-block;width:5.72px"> </div>default,<div style="display:inline-block;width:5.77px"> </div>subject<div style="display:inline-block;width:5.39px"> </div>to<div style="display:inline-block;width:5.72px"> </div>applicable<div style="display:inline-block;width:5.77px"> </div>law.<div style="display:inline-block;width:5.56px"> </div>For<div style="display:inline-block;width:5.52px"> </div>most<div style="display:inline-block;width:5.62px"> </div>major<div style="display:inline-block;width:5.94px"> </div>market </div><div id="a31557" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:176px;">participant counterparties,<div style="display:inline-block;width:6.03px"> </div>we use<div style="display:inline-block;width:6.14px"> </div>two-way collateral<div style="display:inline-block;width:5.67px"> </div>agreements under<div style="display:inline-block;width:6.47px"> </div>which either<div style="display:inline-block;width:5.3px"> </div>party can<div style="display:inline-block;width:5.47px"> </div>be required<div style="display:inline-block;width:6.18px"> </div>to provide </div><div id="a31560" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:191.1px;">collateral in the form of cash or marketable securities when the exposure<div style="display:inline-block;width:5.61px"> </div>exceeds specified levels. This collateral typically </div><div id="a31562" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:206.7px;">consists of well-rated government debt or other<div style="display:inline-block;width:2.29px"> </div>collateral permitted by applicable regulations. For certain counterparties, </div><div id="a31567" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:221.9px;">an initial<div style="display:inline-block;width:5.61px"> </div>margin<div style="display:inline-block;width:5.2px"> </div>is taken<div style="display:inline-block;width:5.77px"> </div>to cover<div style="display:inline-block;width:5.95px"> </div>some or<div style="display:inline-block;width:5.93px"> </div>all of<div style="display:inline-block;width:6.09px"> </div>the calculated<div style="display:inline-block;width:6.41px"> </div>close-out<div style="display:inline-block;width:5.02px"> </div>exposure.<div style="display:inline-block;width:5.37px"> </div>This is<div style="display:inline-block;width:5.87px"> </div>in addition<div style="display:inline-block;width:6.42px"> </div>to the<div style="display:inline-block;width:5.88px"> </div>variation </div><div id="a31571" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:237.5px;">margin<div style="display:inline-block;width:5.2px"> </div>taken<div style="display:inline-block;width:5.25px"> </div>to<div style="display:inline-block;width:5.25px"> </div>settle<div style="display:inline-block;width:5.79px"> </div>changes<div style="display:inline-block;width:5.66px"> </div>in<div style="display:inline-block;width:5.3px"> </div>market<div style="display:inline-block;width:5.21px"> </div>value<div style="display:inline-block;width:5.1px"> </div>of<div style="display:inline-block;width:5.25px"> </div>transactions.<div style="display:inline-block;width:5.72px"> </div>Regulations<div style="display:inline-block;width:5.9px"> </div>on<div style="display:inline-block;width:5.61px"> </div>margining<div style="display:inline-block;width:5.5px"> </div>uncleared<div style="display:inline-block;width:5.59px"> </div>OTC<div style="display:inline-block;width:5.25px"> </div>derivatives </div><div id="a31572" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:252.6px;">continue to evolve. These<div style="display:inline-block;width:5.01px"> </div>generally expand<div style="display:inline-block;width:5.08px"> </div>the scope of bilateral derivatives<div style="display:inline-block;width:5.83px"> </div>activity subject to<div style="display:inline-block;width:5.28px"> </div>margining. They will<div style="display:inline-block;width:5.07px"> </div>also </div><div id="a31574" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:268.2px;">result in greater amounts of initial margin received from, and<div style="display:inline-block;width:5.17px"> </div>posted to, certain bilateral trading counterparties than had </div><div id="a31575" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:283.4px;">been required in the past.<div style="display:inline-block;width:5.15px"> </div>These changes should result in lower<div style="display:inline-block;width:5.04px"> </div>close-out risk over time.</div></div><div id="TextBlockContainer26" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:29px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a32514_1_112" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:45.606px;top:0px;">We<div style="display:inline-block;width:5.71px"> </div>actively<div style="display:inline-block;width:6.12px"> </div>manage<div style="display:inline-block;width:5.93px"> </div>credit<div style="display:inline-block;width:5.98px"> </div>risk<div style="display:inline-block;width:5.94px"> </div>in<div style="display:inline-block;width:5.77px"> </div>our<div style="display:inline-block;width:5.93px"> </div>portfolios<div style="display:inline-block;width:5.86px"> </div>by<div style="display:inline-block;width:5.67px"> </div>taking<div style="display:inline-block;width:5.82px"> </div>collateral<div style="display:inline-block;width:5.53px"> </div>against<div style="display:inline-block;width:6.34px"> </div>exposures<div style="display:inline-block;width:6.26px"> </div>and<div style="display:inline-block;width:6.08px"> </div>by<div style="display:inline-block;width:5.67px"> </div>utilizing<div style="display:inline-block;width:5.51px"> </div>credit </div><div id="a32517" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">hedging.</div></div><div id="TextBlockContainer28" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:29px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a32523_1_110" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:45.134px;top:0px;">We<div style="display:inline-block;width:5.24px"> </div>use<div style="display:inline-block;width:5.45px"> </div>a<div style="display:inline-block;width:5.2px"> </div>scoring<div style="display:inline-block;width:5.4px"> </div>model<div style="display:inline-block;width:5.35px"> </div>as<div style="display:inline-block;width:5.25px"> </div>part<div style="display:inline-block;width:5.1px"> </div>of<div style="display:inline-block;width:5.25px"> </div>a<div style="display:inline-block;width:5.2px"> </div>standardized<div style="display:inline-block;width:6.16px"> </div>front-to-back<div style="display:inline-block;width:5.79px"> </div>process<div style="display:inline-block;width:5.59px"> </div>for<div style="display:inline-block;width:6.04px"> </div>credit<div style="display:inline-block;width:5.12px"> </div>decisions<div style="display:inline-block;width:5.97px"> </div>on<div style="display:inline-block;width:5.61px"> </div>originating<div style="display:inline-block;width:5.59px"> </div>or </div><div id="a32530" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">modifying Swiss mortgage loans.<div style="display:inline-block;width:5.36px"> </div>The model’s two key factors are the<div style="display:inline-block;width:5.06px"> </div>LTV ratio<div style="display:inline-block;width:5.12px"> </div>and an affordability<div style="display:inline-block;width:5.03px"> </div>calculation.</div></div><div id="TextBlockContainer30" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:44px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a32590_1_112" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:42.769px;top:0px;">The value we assign to each property is based on the lowest value determined from model-derived valuations, the </div><div id="a32596" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">purchase<div style="display:inline-block;width:7.16px"> </div>price,<div style="display:inline-block;width:6.47px"> </div>an<div style="display:inline-block;width:6.82px"> </div>asset<div style="display:inline-block;width:6.57px"> </div>value<div style="display:inline-block;width:6.52px"> </div>for<div style="display:inline-block;width:6.52px"> </div>income-producing<div style="display:inline-block;width:7.09px"> </div>real<div style="display:inline-block;width:6.6px"> </div>estate<div style="display:inline-block;width:6.36px"> </div>(IPRE),<div style="display:inline-block;width:7.03px"> </div>and,<div style="display:inline-block;width:6.66px"> </div>in<div style="display:inline-block;width:6.25px"> </div>some<div style="display:inline-block;width:6.25px"> </div>cases,<div style="display:inline-block;width:6.62px"> </div>an<div style="display:inline-block;width:6.82px"> </div>additional<div style="display:inline-block;width:6.96px"> </div>external </div><div id="a32599" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.7px;">valuation.</div></div><div id="TextBlockContainer32" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:350px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a32648_1_106" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:43.716px;top:0px;">We similarly apply<div style="display:inline-block;width:5.67px"> </div>underwriting<div style="display:inline-block;width:5.18px"> </div>guidelines for<div style="display:inline-block;width:5.27px"> </div>our Global<div style="display:inline-block;width:5.65px"> </div>Wealth Management<div style="display:inline-block;width:5.64px"> </div>Region Americas<div style="display:inline-block;width:5.6px"> </div>mortgage loan </div><div id="a32651" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.2px;">portfolio,<div style="display:inline-block;width:6.42px"> </div>taking<div style="display:inline-block;width:6.29px"> </div>into<div style="display:inline-block;width:6.29px"> </div>account<div style="display:inline-block;width:6.2px"> </div>loan<div style="display:inline-block;width:6.45px"> </div>affordability<div style="display:inline-block;width:5.63px"> </div>and<div style="display:inline-block;width:6.55px"> </div>collateral<div style="display:inline-block;width:5.53px"> </div>sufficiency.<div style="display:inline-block;width:6.57px"> </div>LTV<div style="display:inline-block;width:6.17px"> </div>standards<div style="display:inline-block;width:7.26px"> </div>are<div style="display:inline-block;width:5.76px"> </div>defined<div style="display:inline-block;width:6.5px"> </div>for<div style="display:inline-block;width:6.04px"> </div>the<div style="display:inline-block;width:5.72px"> </div>various </div><div id="a32653" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.3px;">mortgage types, such<div style="display:inline-block;width:2.03px"> </div>as residential mortgages or<div style="display:inline-block;width:1.78px"> </div>investment properties, based on<div style="display:inline-block;width:2.24px"> </div>associated risk<div style="display:inline-block;width:2.3px"> </div>factors, such as<div style="display:inline-block;width:2.09px"> </div>property </div><div id="a32655" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.9px;">type, loan size, and purpose. The maximum LTV<div style="display:inline-block;width:2.17px"> </div>allowed within the standard approval process ranges from </div><div id="a32655_103_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:606.441px;top:45.9px;">45</div><div id="a32655_105_5" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:621.574px;top:45.9px;">% to </div><div id="a32655_110_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:653.258px;top:45.9px;">80</div><div id="a32655_112_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:668.391px;top:45.9px;">%. </div><div id="a32656" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61px;">In addition<div style="display:inline-block;width:5.38px"> </div>to LTV, other<div style="display:inline-block;width:5.02px"> </div>credit risk metrics, such<div style="display:inline-block;width:5.72px"> </div>as debt-to-income ratios,<div style="display:inline-block;width:5.51px"> </div>credit scores and<div style="display:inline-block;width:5.35px"> </div>required client reserves,<div style="display:inline-block;width:5.18px"> </div>are </div><div id="a32662" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;">also part of our underwriting guidelines. </div><div id="a32664" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.4px;">A risk limit framework is applied to the Global<div style="display:inline-block;width:2.28px"> </div>Wealth Management Region Americas mortgage loan portfolio. Limits are </div><div id="a32665" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:114.5px;">set<div style="display:inline-block;width:5.57px"> </div>to<div style="display:inline-block;width:5.72px"> </div>govern<div style="display:inline-block;width:6.16px"> </div>exposures<div style="display:inline-block;width:6.26px"> </div>within<div style="display:inline-block;width:5.82px"> </div>LTV<div style="display:inline-block;width:5.83px"> </div>categories,<div style="display:inline-block;width:5.62px"> </div>geographic<div style="display:inline-block;width:6.23px"> </div>concentrations,<div style="display:inline-block;width:5.87px"> </div>portfolio<div style="display:inline-block;width:6.29px"> </div>growth<div style="display:inline-block;width:6.32px"> </div>and<div style="display:inline-block;width:5.61px"> </div>high-risk<div style="display:inline-block;width:5.59px"> </div>mortgage </div><div id="a32670" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:129.6px;">segments, such as<div style="display:inline-block;width:1.75px"> </div>interest-only loans. These<div style="display:inline-block;width:2.29px"> </div>limits are monitored<div style="display:inline-block;width:2.1px"> </div>by a<div style="display:inline-block;width:2px"> </div>specialized credit risk monitoring<div style="display:inline-block;width:1.9px"> </div>team and reported </div><div id="a32673" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:145.3px;">to senior<div style="display:inline-block;width:6.02px"> </div>management. Supplementing<div style="display:inline-block;width:6.73px"> </div>this limit<div style="display:inline-block;width:5.15px"> </div>framework<div style="display:inline-block;width:5.08px"> </div>is a<div style="display:inline-block;width:5.72px"> </div>real estate<div style="display:inline-block;width:5.5px"> </div>lending<div style="display:inline-block;width:5.33px"> </div>policy and<div style="display:inline-block;width:5.98px"> </div>procedures<div style="display:inline-block;width:5.08px"> </div>framework, </div><div id="a32675" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:160.4px;">set up<div style="display:inline-block;width:5.13px"> </div>to govern real<div style="display:inline-block;width:5.45px"> </div>estate lending<div style="display:inline-block;width:5.18px"> </div>activities. Quality assurance<div style="display:inline-block;width:5.17px"> </div>and quality<div style="display:inline-block;width:5.08px"> </div>control programs<div style="display:inline-block;width:5.97px"> </div>monitor compliance with </div><div id="a32676" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:176px;">mortgage underwriting and documentation<div style="display:inline-block;width:5.54px"> </div>requirements.</div><div id="a32677" style="position:absolute;font-family:'Times New Roman';font-size:10.877px;font-weight:normal;font-style:normal;color:#DBAA35;left:335.178px;top:178.2px;"> </div><div id="a32678" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:198.7px;">For our mortgage<div style="display:inline-block;width:6.16px"> </div>loan portfolio<div style="display:inline-block;width:5.27px"> </div>in the Global<div style="display:inline-block;width:6.12px"> </div>Wealth Management<div style="display:inline-block;width:5.64px"> </div>regions of<div style="display:inline-block;width:5.52px"> </div>EMEA and<div style="display:inline-block;width:5.91px"> </div>Asia Pacific, we<div style="display:inline-block;width:5.42px"> </div>apply global </div><div id="a32680" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:213.9px;">underwriting guidelines with<div style="display:inline-block;width:5.03px"> </div>regional variations to allow for regulatory and<div style="display:inline-block;width:5.15px"> </div>market differentials. As in other regions,<div style="display:inline-block;width:5.57px"> </div>the </div><div id="a32681" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:229px;">underwriting<div style="display:inline-block;width:5.18px"> </div>guidelines<div style="display:inline-block;width:5.27px"> </div>take into<div style="display:inline-block;width:5.87px"> </div>account<div style="display:inline-block;width:5.25px"> </div>affordability<div style="display:inline-block;width:5.16px"> </div>and<div style="display:inline-block;width:5.13px"> </div>collateral<div style="display:inline-block;width:5.06px"> </div>sufficiency.<div style="display:inline-block;width:5.62px"> </div>Affordability<div style="display:inline-block;width:5.31px"> </div>is assessed<div style="display:inline-block;width:6.12px"> </div>at<div style="display:inline-block;width:5.05px"> </div>a stressed </div><div id="a32683" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:244.6px;">interest<div style="display:inline-block;width:7.02px"> </div>rate<div style="display:inline-block;width:7.26px"> </div>using,<div style="display:inline-block;width:7.75px"> </div>for<div style="display:inline-block;width:6.99px"> </div>residential<div style="display:inline-block;width:7.17px"> </div>real<div style="display:inline-block;width:7.55px"> </div>estate,<div style="display:inline-block;width:7.41px"> </div>the<div style="display:inline-block;width:7.14px"> </div>borrowers’<div style="display:inline-block;width:7.74px"> </div>sustainable<div style="display:inline-block;width:7.44px"> </div>income<div style="display:inline-block;width:7.51px"> </div>and<div style="display:inline-block;width:7.5px"> </div>declared<div style="display:inline-block;width:7.28px"> </div>liabilities,<div style="display:inline-block;width:7.14px"> </div>and<div style="display:inline-block;width:7.5px"> </div>for </div><div id="a32684" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:259.8px;">commercial real estate<div style="display:inline-block;width:5.92px"> </div>the quality and<div style="display:inline-block;width:5.7px"> </div>sustainability of<div style="display:inline-block;width:5.26px"> </div>rental income.<div style="display:inline-block;width:5.39px"> </div>For interest-only<div style="display:inline-block;width:5.18px"> </div>loans, a<div style="display:inline-block;width:5.29px"> </div>declared and<div style="display:inline-block;width:5.42px"> </div>evidenced </div><div id="a32688" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:275.4px;">repayment strategy<div style="display:inline-block;width:5.35px"> </div>must be in<div style="display:inline-block;width:5.66px"> </div>place. The<div style="display:inline-block;width:5.04px"> </div>applicable LTV for<div style="display:inline-block;width:5.42px"> </div>each mortgage<div style="display:inline-block;width:5.93px"> </div>is based<div style="display:inline-block;width:5.23px"> </div>on the<div style="display:inline-block;width:5.29px"> </div>quality and<div style="display:inline-block;width:5.08px"> </div>liquidity of the </div><div id="a32689" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:290.5px;">property<div style="display:inline-block;width:5.39px"> </div>and<div style="display:inline-block;width:5.61px"> </div>assessed<div style="display:inline-block;width:5.13px"> </div>against<div style="display:inline-block;width:5.4px"> </div>valuations<div style="display:inline-block;width:5.29px"> </div>from bank-appointed<div style="display:inline-block;width:6.96px"> </div>third-party<div style="display:inline-block;width:5.03px"> </div>valuers.<div style="display:inline-block;width:5.1px"> </div>Maximum<div style="display:inline-block;width:5.31px"> </div>LTV<div style="display:inline-block;width:5.22px"> </div>varies from </div><div id="a32689_106_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:640.271px;top:290.5px;">30</div><div id="a32689_108_5" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:655.404px;top:290.5px;">%<div style="display:inline-block;width:5.2px"> </div>to </div><div id="a32695" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:305.6px;">70</div><div id="a32695_2_121" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:305.6px;">%, depending on the type and<div style="display:inline-block;width:5.27px"> </div>location of the property, as well as<div style="display:inline-block;width:5.1px"> </div>other factors. Collateral<div style="display:inline-block;width:5.41px"> </div>sufficiency is often further </div><div id="a32696" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:321.3px;">supported by personal<div style="display:inline-block;width:5.14px"> </div>guarantees from related third<div style="display:inline-block;width:5.16px"> </div>parties. The overall portfolio<div style="display:inline-block;width:5.69px"> </div>is centrally assessed against a number </div><div id="a32698" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:336.4px;">of stress scenarios to ensure that exposures<div style="display:inline-block;width:5.65px"> </div>remain within predefined stress limits.</div></div><div id="TextBlockContainer34" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:128px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a32713_1_114" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:42.769px;top:0px;">Lombard loans<div style="display:inline-block;width:5.05px"> </div>are secured by pledges<div style="display:inline-block;width:5.54px"> </div>of marketable securities,<div style="display:inline-block;width:5.26px"> </div>guarantees and<div style="display:inline-block;width:5.11px"> </div>other forms of collateral. Eligible </div><div id="a32715" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.2px;">financial securities are<div style="display:inline-block;width:5.29px"> </div>primarily liquid<div style="display:inline-block;width:5.3px"> </div>and actively traded transferable<div style="display:inline-block;width:5.73px"> </div>securities (such<div style="display:inline-block;width:5.24px"> </div>as bonds and equities),<div style="display:inline-block;width:5.71px"> </div>and other </div><div id="a32717" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">transferable securities, such<div style="display:inline-block;width:5.08px"> </div>as approved structured<div style="display:inline-block;width:5.76px"> </div>products for which<div style="display:inline-block;width:5.62px"> </div>regular prices are<div style="display:inline-block;width:5.05px"> </div>available and the<div style="display:inline-block;width:5.08px"> </div>issuer of the </div><div id="a32718" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.9px;">security provides a market. To<div style="display:inline-block;width:6.33px"> </div>a lesser degree, less liquid<div style="display:inline-block;width:5.39px"> </div>collateral is also used. </div><div id="a32720" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:68.6px;">We derive lending values by<div style="display:inline-block;width:1.69px"> </div>applying discounts (haircuts) to the<div style="display:inline-block;width:1.78px"> </div>pledged collateral’s market value.<div style="display:inline-block;width:1.98px"> </div>Haircuts for marketable </div><div id="a32722" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:83.8px;">securities are calculated to cover a<div style="display:inline-block;width:2.01px"> </div>possible change in value over a<div style="display:inline-block;width:2.21px"> </div>given close-out period and confidence level. Less liquid </div><div id="a32727" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.4px;">or more volatile collateral will typically ha<div style="display:inline-block;width:1.84px"> </div>ve larger haircuts. </div><div id="a32730" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:4.905px;top:114.4px;"> </div><div id="a32731" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:197.032px;top:114.5px;"> </div></div><div id="TextBlockContainer36" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:75px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a32769" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">We assess<div style="display:inline-block;width:6.01px"> </div>concentration<div style="display:inline-block;width:5.72px"> </div>and<div style="display:inline-block;width:5.13px"> </div>correlation<div style="display:inline-block;width:5.18px"> </div>risks across<div style="display:inline-block;width:6.28px"> </div>collateral<div style="display:inline-block;width:5.06px"> </div>posted<div style="display:inline-block;width:5.23px"> </div>at a<div style="display:inline-block;width:6.1px"> </div>counterparty<div style="display:inline-block;width:5.47px"> </div>level, and<div style="display:inline-block;width:6.35px"> </div>at a<div style="display:inline-block;width:6.1px"> </div>divisional<div style="display:inline-block;width:5.24px"> </div>level </div><div id="a32770" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">across<div style="display:inline-block;width:5.39px"> </div>counterparties.<div style="display:inline-block;width:5.24px"> </div>We<div style="display:inline-block;width:5.24px"> </div>also<div style="display:inline-block;width:5.35px"> </div>perform<div style="display:inline-block;width:5.47px"> </div>targeted<div style="display:inline-block;width:5.62px"> </div>Group-wide<div style="display:inline-block;width:6.03px"> </div>reviews<div style="display:inline-block;width:5.13px"> </div>of<div style="display:inline-block;width:5.25px"> </div>concentration.<div style="display:inline-block;width:6.29px"> </div>Concentration<div style="display:inline-block;width:5.13px"> </div>of<div style="display:inline-block;width:5.25px"> </div>collateral<div style="display:inline-block;width:5.27px"> </div>in </div><div id="a32775" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.7px;">single securities,<div style="display:inline-block;width:5.24px"> </div>issuers or<div style="display:inline-block;width:5.45px"> </div>issuer groups,<div style="display:inline-block;width:5.92px"> </div>industry sectors, countries,<div style="display:inline-block;width:5.97px"> </div>regions or<div style="display:inline-block;width:5.52px"> </div>currencies may result<div style="display:inline-block;width:5.96px"> </div>in higher<div style="display:inline-block;width:5.28px"> </div>risk and </div><div id="a32777" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.9px;">reduced<div style="display:inline-block;width:7.11px"> </div>liquidity.<div style="display:inline-block;width:6.83px"> </div>In<div style="display:inline-block;width:6.72px"> </div>such<div style="display:inline-block;width:6.87px"> </div>cases,<div style="display:inline-block;width:7.09px"> </div>the<div style="display:inline-block;width:6.67px"> </div>lending<div style="display:inline-block;width:7.22px"> </div>value<div style="display:inline-block;width:6.52px"> </div>of<div style="display:inline-block;width:7.14px"> </div>the<div style="display:inline-block;width:7.14px"> </div>collateral,<div style="display:inline-block;width:7.05px"> </div>margin<div style="display:inline-block;width:7.09px"> </div>call<div style="display:inline-block;width:6.68px"> </div>and<div style="display:inline-block;width:7.03px"> </div>close-out<div style="display:inline-block;width:6.98px"> </div>levels<div style="display:inline-block;width:6.73px"> </div>are<div style="display:inline-block;width:7.18px"> </div>adjusted </div><div id="a32780" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">accordingly.</div></div><div id="TextBlockContainer38" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:220px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a32814_1_111" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:42.769px;top:0px;">We use single-name credit default swaps<div style="display:inline-block;width:5.47px"> </div>(CDSs), credit-index CDSs,<div style="display:inline-block;width:5.05px"> </div>bespoke protection and other<div style="display:inline-block;width:5.06px"> </div>instruments to </div><div id="a32820" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">actively manage credit<div style="display:inline-block;width:2.16px"> </div>risk in the<div style="display:inline-block;width:2.13px"> </div>Investment Bank and<div style="display:inline-block;width:2.12px"> </div>Non-core and Legacy<div style="display:inline-block;width:2.21px"> </div>Portfolio. The aim<div style="display:inline-block;width:2.09px"> </div>is to reduce concentrations </div><div id="a32824" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">of risk<div style="display:inline-block;width:5.15px"> </div>from specific<div style="display:inline-block;width:5.72px"> </div>counterparties, sectors<div style="display:inline-block;width:5.61px"> </div>or portfolios<div style="display:inline-block;width:5.54px"> </div>and, for<div style="display:inline-block;width:5.71px"> </div>CCR, the<div style="display:inline-block;width:5.5px"> </div>profit or<div style="display:inline-block;width:5.91px"> </div>loss effect<div style="display:inline-block;width:5.08px"> </div>arising from<div style="display:inline-block;width:6.33px"> </div>changes in </div><div id="a32825" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.9px;">credit valuation adjustments (CVAs). </div><div id="a32827" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:69.1px;">We have<div style="display:inline-block;width:2.03px"> </div>strict guidelines with regard<div style="display:inline-block;width:2.18px"> </div>to taking<div style="display:inline-block;width:2.19px"> </div>credit hedges into<div style="display:inline-block;width:2.26px"> </div>account for credit<div style="display:inline-block;width:1.87px"> </div>risk mitigation purposes. For<div style="display:inline-block;width:1.59px"> </div>example, </div><div id="a32829" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:84.2px;">when<div style="display:inline-block;width:5.71px"> </div>monitoring<div style="display:inline-block;width:5.54px"> </div>exposures<div style="display:inline-block;width:5.32px"> </div>against counterparty<div style="display:inline-block;width:6.24px"> </div>limits,<div style="display:inline-block;width:5.21px"> </div>we<div style="display:inline-block;width:5.31px"> </div>do<div style="display:inline-block;width:5.13px"> </div>not<div style="display:inline-block;width:5.45px"> </div>usually apply<div style="display:inline-block;width:6.39px"> </div>certain credit<div style="display:inline-block;width:6.14px"> </div>risk mitigants,<div style="display:inline-block;width:6.88px"> </div>such<div style="display:inline-block;width:5.45px"> </div>as </div><div id="a32830" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.4px;">proxy<div style="display:inline-block;width:6.71px"> </div>hedges<div style="display:inline-block;width:7.28px"> </div>(credit<div style="display:inline-block;width:6.61px"> </div>protection<div style="display:inline-block;width:6.9px"> </div>on<div style="display:inline-block;width:7.03px"> </div>a<div style="display:inline-block;width:6.62px"> </div>correlated<div style="display:inline-block;width:6.5px"> </div>but<div style="display:inline-block;width:6.87px"> </div>different<div style="display:inline-block;width:6.79px"> </div>name)<div style="display:inline-block;width:6.77px"> </div>or<div style="display:inline-block;width:7.14px"> </div>credit-index<div style="display:inline-block;width:7.56px"> </div>CDSs,<div style="display:inline-block;width:7.08px"> </div>to<div style="display:inline-block;width:6.67px"> </div>reduce<div style="display:inline-block;width:6.91px"> </div>counterparty </div><div id="a32834" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:115px;">exposures. Buying<div style="display:inline-block;width:5.08px"> </div>credit protection also creates<div style="display:inline-block;width:5.08px"> </div>credit exposure<div style="display:inline-block;width:5.2px"> </div>with regard to the protection<div style="display:inline-block;width:5.2px"> </div>provider. We monitor<div style="display:inline-block;width:5.15px"> </div>and </div><div id="a32835" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:130.1px;">limit exposures<div style="display:inline-block;width:5.28px"> </div>to credit protection<div style="display:inline-block;width:6.17px"> </div>providers, and<div style="display:inline-block;width:5.62px"> </div>also monitor<div style="display:inline-block;width:5.02px"> </div>the effectiveness of<div style="display:inline-block;width:6.02px"> </div>credit hedges<div style="display:inline-block;width:5.32px"> </div>as part of<div style="display:inline-block;width:5.4px"> </div>our overall </div><div id="a32837" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:145.3px;">credit<div style="display:inline-block;width:5.5px"> </div>exposures<div style="display:inline-block;width:6.26px"> </div>to<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>relevant<div style="display:inline-block;width:5.5px"> </div>counterparties.<div style="display:inline-block;width:6.19px"> </div>Trading<div style="display:inline-block;width:5.82px"> </div>with<div style="display:inline-block;width:5.72px"> </div>such<div style="display:inline-block;width:5.93px"> </div>counterparties<div style="display:inline-block;width:5.61px"> </div>is<div style="display:inline-block;width:6.09px"> </div>typically<div style="display:inline-block;width:5.28px"> </div>collateralized.<div style="display:inline-block;width:6.47px"> </div>For<div style="display:inline-block;width:5.52px"> </div>credit </div><div id="a32838" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:160.9px;">protection purchased to hedge the lending portfolio, this includes monitoring mismatches<div style="display:inline-block;width:2px"> </div>between the maturity of credit </div><div id="a32840" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:176px;">protection purchased<div style="display:inline-block;width:5.86px"> </div>and the<div style="display:inline-block;width:5.29px"> </div>maturity of the associated<div style="display:inline-block;width:5.88px"> </div>loan. Such<div style="display:inline-block;width:5.44px"> </div>mismatches result in<div style="display:inline-block;width:5.59px"> </div>basis risk and<div style="display:inline-block;width:5.8px"> </div>may reduce the </div><div id="a32841" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:191.6px;">effectiveness of the<div style="display:inline-block;width:2.24px"> </div>credit protection. Mismatches are<div style="display:inline-block;width:1.77px"> </div>routinely reported to credit<div style="display:inline-block;width:1.88px"> </div>officers and mitigating actions<div style="display:inline-block;width:2.16px"> </div>are taken </div><div id="a32843" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:206.8px;">when necessary.</div></div><div id="TextBlockContainer40" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:98px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a32897_1_115" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:42.769px;top:0px;">We have developed tools and models<div style="display:inline-block;width:5.17px"> </div>to estimate future credit losses that may be implicit in our current portfolio. </div><div id="a32900" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:23.2px;">Exposures to individual counterparties are measured<div style="display:inline-block;width:5.07px"> </div>using three generally accepted parameters: PD, EAD<div style="display:inline-block;width:5.27px"> </div>and LGD. For a </div><div id="a32902" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:38.3px;">given credit facility, the product of<div style="display:inline-block;width:5.16px"> </div>these three parameters results in the expected loss<div style="display:inline-block;width:5.93px"> </div>(the EL). These parameters are the </div><div id="a32906" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:53.5px;">basis for the<div style="display:inline-block;width:5.55px"> </div>majority of our<div style="display:inline-block;width:5.52px"> </div>internal measures<div style="display:inline-block;width:5.19px"> </div>of credit<div style="display:inline-block;width:5.18px"> </div>risk, and<div style="display:inline-block;width:5.13px"> </div>key inputs<div style="display:inline-block;width:5.28px"> </div>for regulatory<div style="display:inline-block;width:5.28px"> </div>capital calculation<div style="display:inline-block;width:5.15px"> </div>under the </div><div id="a32909" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:68.6px;">advanced internal ratings-based<div style="display:inline-block;width:5.1px"> </div>(A-IRB) approach<div style="display:inline-block;width:5.12px"> </div>of the Basel III<div style="display:inline-block;width:5.07px"> </div>framework. We also<div style="display:inline-block;width:5.39px"> </div>use models to derive<div style="display:inline-block;width:5.28px"> </div>the portfolio </div><div id="a32916" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:84.2px;">credit risk measures of EL, statistical loss<div style="display:inline-block;width:5.04px"> </div>and stress loss.</div></div><div id="TextBlockContainer44" style="position:relative;font-family:'Frutiger';font-size:11.823px;color:#000000;line-height:normal;width:688px;height:224px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a33477" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.38px;top:0px;">Internal UBS rating scale<div style="display:inline-block;width:4.65px"> </div>and mapping<div style="display:inline-block;width:4.94px"> </div>of external ratings </div><div id="a33479" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:29.8px;">Internal UBS rating </div><div id="a33481" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:203.122px;top:29.8px;">1-year PD range in % </div><div id="a33485" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:361.176px;top:29.8px;">Description </div><div id="a33487" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:435.456px;top:18px;">Moody’s Investors </div><div id="a33489" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:441.602px;top:29.8px;">Service mapping </div><div id="a33491" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:551.402px;top:29.8px;">S&amp;P mapping </div><div id="a33493" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:627.576px;top:29.8px;">Fitch mapping </div><div id="a33495" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:42.2px;">0 and 1 </div><div id="a33497" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:242.882px;top:42.2px;">0.00–0.02 </div><div id="a33501" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:338.949px;top:42.2px;">Investment grade </div><div id="a33503" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:486.549px;top:42.2px;">Aaa </div><div id="a33505" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:583.562px;top:42.2px;">AAA </div><div id="a33507" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:662.602px;top:42.2px;">AAA </div><div id="a33509" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:55.4px;">2 </div><div id="a33511" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:242.882px;top:55.4px;">0.02–0.05 </div><div id="a33516" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:459.602px;top:55.4px;">Aa1 to Aa3 </div><div id="a33519" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:554.722px;top:55.4px;">AA+ to AA– </div><div id="a33522" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:633.722px;top:55.4px;">AA+ to AA– </div><div id="a33525" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:68.6px;">3 </div><div id="a33527" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:242.882px;top:68.6px;">0.05–0.12 </div><div id="a33532" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:468.109px;top:68.6px;">A1 to A3 </div><div id="a33534" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:565.589px;top:68.6px;">A+ to A– </div><div id="a33537" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:644.602px;top:68.6px;">A+ to A– </div><div id="a33540" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:82.4px;">4 </div><div id="a33542" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:242.882px;top:82.4px;">0.12–0.25 </div><div id="a33547" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:451.562px;top:82.4px;">Baa1 to Baa2 </div><div id="a33549" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:551.882px;top:82.4px;">BBB+ to BBB </div><div id="a33551" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:630.882px;top:82.4px;">BBB+ to BBB </div><div id="a33553" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:95.6px;">5 </div><div id="a33555" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:242.882px;top:95.6px;">0.25–0.50 </div><div id="a33560" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:482.296px;top:95.6px;">Baa3 </div><div id="a33562" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:580.256px;top:95.6px;">BBB– </div><div id="a33565" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:659.296px;top:95.6px;">BBB– </div><div id="a33568" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:108.4px;">6 </div><div id="a33570" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:242.882px;top:108.4px;">0.50–0.80 </div><div id="a33574" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:322.362px;top:108.4px;">Sub-investment grade </div><div id="a33578" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:487.029px;top:108.4px;">Ba1 </div><div id="a33580" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:584.042px;top:108.4px;">BB+ </div><div id="a33582" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:663.069px;top:108.4px;">BB+ </div><div id="a33584" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:121.6px;">7 </div><div id="a33586" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:242.882px;top:121.6px;">0.80–1.30 </div><div id="a33591" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:487.029px;top:121.6px;">Ba2 </div><div id="a33593" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:590.189px;top:121.6px;">BB </div><div id="a33595" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:669.229px;top:121.6px;">BB </div><div id="a33597" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:134.9px;">8 </div><div id="a33599" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:242.882px;top:134.9px;">1.30–2.10 </div><div id="a33604" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:487.029px;top:134.9px;">Ba3 </div><div id="a33606" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:584.989px;top:134.9px;">BB– </div><div id="a33609" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:664.016px;top:134.9px;">BB– </div><div id="a33612" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:148.1px;">9 </div><div id="a33614" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:242.882px;top:148.1px;">2.10–3.50 </div><div id="a33619" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:491.282px;top:148.1px;">B1 </div><div id="a33621" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:589.242px;top:148.1px;">B+ </div><div id="a33623" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:668.282px;top:148.1px;">B+ </div><div id="a33625" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:161.4px;">10 </div><div id="a33627" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:242.882px;top:161.4px;">3.50–6.00 </div><div id="a33632" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:491.282px;top:161.4px;">B2 </div><div id="a33634" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:594.909px;top:161.4px;">B </div><div id="a33636" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:673.949px;top:161.4px;">B </div><div id="a33638" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:174.6px;">11 </div><div id="a33640" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:238.149px;top:174.6px;">6.00–10.00 </div><div id="a33645" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:491.282px;top:174.6px;">B3 </div><div id="a33647" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:590.189px;top:174.6px;">B– </div><div id="a33650" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:669.229px;top:174.6px;">B– </div><div id="a33653" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:188.3px;">12 </div><div id="a33655" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:233.429px;top:188.3px;">10.00–17.00 </div><div id="a33660" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:451.082px;top:188.3px;">Caa1 to Caa2 </div><div id="a33662" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:549.509px;top:188.3px;">CCC+ to CCC </div><div id="a33664" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:628.522px;top:188.3px;">CCC+ to CCC </div><div id="a33666" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:201.6px;">13 </div><div id="a33668" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:266.056px;top:201.6px;">&gt;17 </div><div id="a33671" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:464.322px;top:201.6px;">Caa3 to C </div><div id="a33673" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:563.229px;top:201.6px;">CCC-<div style="display:inline-block;width:1.87px"> </div>to C </div><div id="a33678" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:642.242px;top:201.6px;">CCC-<div style="display:inline-block;width:1.89px"> </div>to C </div><div id="a33683" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:214.4px;">Counterparty is in default<div style="display:inline-block;width:3.12px"> </div></div><div id="a33685" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:255.176px;top:214.4px;">Default </div><div id="a33687" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:366.842px;top:214.4px;">Defaulted </div><div id="a33690" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:594.442px;top:214.4px;">D </div><div id="a33692" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:673.482px;top:214.4px;">D</div></div><div id="TextBlockContainer48" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:397px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a34684_1_115" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:43.242px;top:0px;">In line with<div style="display:inline-block;width:5.55px"> </div>the regulatory definition,<div style="display:inline-block;width:5.83px"> </div>we report<div style="display:inline-block;width:5.12px"> </div>a claim as non-performing<div style="display:inline-block;width:6.71px"> </div>when: (i) it is<div style="display:inline-block;width:5.5px"> </div>more than 90<div style="display:inline-block;width:5.26px"> </div>days past </div><div id="a34690" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">due; (ii) it is subject to restructuring<div style="display:inline-block;width:5.17px"> </div>proceedings, where<div style="display:inline-block;width:5.35px"> </div>preferential conditions concerning<div style="display:inline-block;width:5.13px"> </div>interest rates, subordination, </div><div id="a34694" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">tenor,<div style="display:inline-block;width:5.2px"> </div>etc. have been granted in order<div style="display:inline-block;width:5.19px"> </div>to avoid default of the counterparty (forbearance); (iii)<div style="display:inline-block;width:5.01px"> </div>the counterparty is subject </div><div id="a34697" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.4px;">to<div style="display:inline-block;width:5.72px"> </div>bankruptcy<div style="display:inline-block;width:5.77px"> </div>/<div style="display:inline-block;width:5.78px"> </div>enforced<div style="display:inline-block;width:6.48px"> </div>liquidation<div style="display:inline-block;width:6.12px"> </div>proceedings<div style="display:inline-block;width:6.51px"> </div>in<div style="display:inline-block;width:5.77px"> </div>any<div style="display:inline-block;width:6.34px"> </div>form,<div style="display:inline-block;width:5.52px"> </div>even<div style="display:inline-block;width:6.15px"> </div>if<div style="display:inline-block;width:5.89px"> </div>there<div style="display:inline-block;width:6.28px"> </div>is<div style="display:inline-block;width:5.62px"> </div>sufficient<div style="display:inline-block;width:6.44px"> </div>collateral<div style="display:inline-block;width:6px"> </div>to<div style="display:inline-block;width:6.2px"> </div>cover<div style="display:inline-block;width:5.79px"> </div>the<div style="display:inline-block;width:5.72px"> </div>due </div><div id="a34700" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">payment; or (iv) there is other evidence<div style="display:inline-block;width:5.45px"> </div>that payment obligations will not<div style="display:inline-block;width:5.1px"> </div>be fully met without recourse to collateral. </div><div id="a34704" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:84.2px;">Default and credit-impaired<div style="display:inline-block;width:4.81px"> </div></div><div id="a34708" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.3px;">UBS<div style="display:inline-block;width:5.56px"> </div>uses<div style="display:inline-block;width:5.5px"> </div>a<div style="display:inline-block;width:5.2px"> </div>single<div style="display:inline-block;width:5.45px"> </div>definition<div style="display:inline-block;width:5.39px"> </div>of<div style="display:inline-block;width:5.25px"> </div>default<div style="display:inline-block;width:5.2px"> </div>for<div style="display:inline-block;width:5.26px"> </div>classifying<div style="display:inline-block;width:5.31px"> </div>assets<div style="display:inline-block;width:5.2px"> </div>and<div style="display:inline-block;width:5.61px"> </div>determining<div style="display:inline-block;width:5.82px"> </div>the<div style="display:inline-block;width:5.25px"> </div>PD<div style="display:inline-block;width:5.36px"> </div>of<div style="display:inline-block;width:5.25px"> </div>its obligors<div style="display:inline-block;width:7.01px"> </div>for<div style="display:inline-block;width:5.1px"> </div>risk modeling </div><div id="a34710" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:115px;">purposes.<div style="display:inline-block;width:7.01px"> </div>The<div style="display:inline-block;width:6.35px"> </div>definition<div style="display:inline-block;width:6.81px"> </div>of<div style="display:inline-block;width:6.2px"> </div>default<div style="display:inline-block;width:6.61px"> </div>is<div style="display:inline-block;width:6.57px"> </div>based<div style="display:inline-block;width:6.6px"> </div>on<div style="display:inline-block;width:6.55px"> </div>quantitative<div style="display:inline-block;width:5.88px"> </div>and<div style="display:inline-block;width:7.03px"> </div>qualitative<div style="display:inline-block;width:6.2px"> </div>criteria.<div style="display:inline-block;width:7.27px"> </div>A<div style="display:inline-block;width:6.77px"> </div>counterparty<div style="display:inline-block;width:5.94px"> </div>is<div style="display:inline-block;width:6.57px"> </div>classified<div style="display:inline-block;width:6.73px"> </div>as </div><div id="a34711" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:130.1px;">defaulted when<div style="display:inline-block;width:6.01px"> </div>material payments<div style="display:inline-block;width:5.53px"> </div>of interest,<div style="display:inline-block;width:5.86px"> </div>principal or<div style="display:inline-block;width:5.77px"> </div>fees are<div style="display:inline-block;width:5.51px"> </div>overdue<div style="display:inline-block;width:5.22px"> </div>for more<div style="display:inline-block;width:5.81px"> </div>than 90<div style="display:inline-block;width:5.49px"> </div>days, or<div style="display:inline-block;width:5.51px"> </div>more than<div style="display:inline-block;width:5.69px"> </div>180 </div><div id="a34713" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:145.7px;">days for certain exposures<div style="display:inline-block;width:5.16px"> </div>in relation to loans<div style="display:inline-block;width:5.19px"> </div>to private and commercial<div style="display:inline-block;width:5.4px"> </div>clients in Personal<div style="display:inline-block;width:5.39px"> </div>&amp; Corporate Banking<div style="display:inline-block;width:5.15px"> </div>and to </div><div id="a34714" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:160.8px;">private clients<div style="display:inline-block;width:2.22px"> </div>of Global Wealth<div style="display:inline-block;width:2.22px"> </div>Management Region Switzerland. UBS<div style="display:inline-block;width:2.09px"> </div>does not consider<div style="display:inline-block;width:2.33px"> </div>the general<div style="display:inline-block;width:2.19px"> </div>90-day presumption </div><div id="a34718" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:176.5px;">for default<div style="display:inline-block;width:5.67px"> </div>recognition<div style="display:inline-block;width:5.26px"> </div>appropriate<div style="display:inline-block;width:5.21px"> </div>for those<div style="display:inline-block;width:5.98px"> </div>portfolios,<div style="display:inline-block;width:5.02px"> </div>given the<div style="display:inline-block;width:5.93px"> </div>cure rates,<div style="display:inline-block;width:5.71px"> </div>which show<div style="display:inline-block;width:5.59px"> </div>that strict application<div style="display:inline-block;width:6.62px"> </div>of the </div><div id="a34719" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:191.6px;">90-day criterion would not accurately<div style="display:inline-block;width:2.14px"> </div>reflect the inherent credit risk. Counterparties are also classified as<div style="display:inline-block;width:2.1px"> </div>defaulted when: </div><div id="a34723" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:206.7px;">bankruptcy,<div style="display:inline-block;width:6.62px"> </div>insolvency<div style="display:inline-block;width:5.52px"> </div>proceedings<div style="display:inline-block;width:6.51px"> </div>or<div style="display:inline-block;width:5.25px"> </div>enforced<div style="display:inline-block;width:5.54px"> </div>liquidation<div style="display:inline-block;width:5.64px"> </div>have<div style="display:inline-block;width:5.67px"> </div>commenced;<div style="display:inline-block;width:5.67px"> </div>obligations<div style="display:inline-block;width:6.27px"> </div>have<div style="display:inline-block;width:5.2px"> </div>been<div style="display:inline-block;width:5.61px"> </div>restructured<div style="display:inline-block;width:5.84px"> </div>on </div><div id="a34724" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:222.4px;">preferential terms (forbearance); or<div style="display:inline-block;width:1.69px"> </div>there is other<div style="display:inline-block;width:1.8px"> </div>evidence that payment<div style="display:inline-block;width:2.26px"> </div>obligations will not<div style="display:inline-block;width:1.79px"> </div>be fully<div style="display:inline-block;width:2.31px"> </div>met without recourse </div><div id="a34726" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:237.5px;">to collateral. The latter may<div style="display:inline-block;width:2.1px"> </div>be the case even<div style="display:inline-block;width:2.3px"> </div>if, to date, all contractual<div style="display:inline-block;width:2.26px"> </div>payments have been made when due. If one<div style="display:inline-block;width:2.3px"> </div>claim </div><div id="a34728" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:253.1px;">against a counterparty is defaulted on,<div style="display:inline-block;width:5.41px"> </div>generally all claims against the counterparty are<div style="display:inline-block;width:5.54px"> </div>treated as defaulted. </div><div id="a34730" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:275.8px;">An<div style="display:inline-block;width:6.03px"> </div>instrument<div style="display:inline-block;width:5.65px"> </div>is<div style="display:inline-block;width:5.62px"> </div>classified<div style="display:inline-block;width:5.31px"> </div>as<div style="display:inline-block;width:5.72px"> </div>credit-impaired<div style="display:inline-block;width:6.04px"> </div>if<div style="display:inline-block;width:5.42px"> </div>the<div style="display:inline-block;width:5.72px"> </div>counterparty<div style="display:inline-block;width:5.94px"> </div>is<div style="display:inline-block;width:5.62px"> </div>classified<div style="display:inline-block;width:5.78px"> </div>as<div style="display:inline-block;width:5.72px"> </div>defaulted<div style="display:inline-block;width:5.87px"> </div>and<div style="display:inline-block;width:6.08px"> </div>/<div style="display:inline-block;width:5.31px"> </div>or<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>instrument<div style="display:inline-block;width:5.61px"> </div>is </div><div id="a34734" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:291px;">identified as<div style="display:inline-block;width:5.82px"> </div>purchased<div style="display:inline-block;width:5.47px"> </div>or originated<div style="display:inline-block;width:5.65px"> </div>credit-impaired<div style="display:inline-block;width:5.16px"> </div>(POCI). An<div style="display:inline-block;width:6.39px"> </div>instrument is<div style="display:inline-block;width:5.66px"> </div>POCI if it<div style="display:inline-block;width:5.79px"> </div>has been<div style="display:inline-block;width:6.44px"> </div>purchased at<div style="display:inline-block;width:5.89px"> </div>a deep </div><div id="a34737" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:306.1px;">discount to<div style="display:inline-block;width:5.28px"> </div>its carrying amount<div style="display:inline-block;width:5.66px"> </div>following a<div style="display:inline-block;width:5.28px"> </div>risk event of<div style="display:inline-block;width:5.1px"> </div>the issuer or<div style="display:inline-block;width:5.55px"> </div>originated with<div style="display:inline-block;width:5.65px"> </div>a defaulted<div style="display:inline-block;width:5.03px"> </div>counterparty. Once a </div><div id="a34739" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:321.7px;">financial asset is classified as defaulted / credit-impaired (except POCI), it is reported<div style="display:inline-block;width:5.06px"> </div>as a stage 3 instrument and remains </div><div id="a34744" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:336.9px;">as such<div style="display:inline-block;width:5.13px"> </div>unless all<div style="display:inline-block;width:5.02px"> </div>past due<div style="display:inline-block;width:5.34px"> </div>amounts<div style="display:inline-block;width:5.21px"> </div>have been<div style="display:inline-block;width:5.24px"> </div>rectified, additional<div style="display:inline-block;width:5.8px"> </div>payments have<div style="display:inline-block;width:5.72px"> </div>been made<div style="display:inline-block;width:5.29px"> </div>on time,<div style="display:inline-block;width:5.4px"> </div>the position<div style="display:inline-block;width:5.38px"> </div>is </div><div id="a34746" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:352.5px;">not classified as<div style="display:inline-block;width:5.34px"> </div>credit-restructured,<div style="display:inline-block;width:5.24px"> </div>and there<div style="display:inline-block;width:5.37px"> </div>is general evidence<div style="display:inline-block;width:5.4px"> </div>of credit recovery.<div style="display:inline-block;width:5.66px"> </div>A three-month<div style="display:inline-block;width:5.49px"> </div>probation period<div style="display:inline-block;width:5.55px"> </div>is </div><div id="a34751" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:367.6px;">applied<div style="display:inline-block;width:5.63px"> </div>before<div style="display:inline-block;width:5.54px"> </div>a<div style="display:inline-block;width:5.2px"> </div>transfer back<div style="display:inline-block;width:6.36px"> </div>to<div style="display:inline-block;width:5.25px"> </div>stages 1<div style="display:inline-block;width:5.78px"> </div>or<div style="display:inline-block;width:5.25px"> </div>2<div style="display:inline-block;width:5.4px"> </div>can<div style="display:inline-block;width:4.75px"> </div>be<div style="display:inline-block;width:5.4px"> </div>triggered.<div style="display:inline-block;width:5.59px"> </div>However,<div style="display:inline-block;width:5.21px"> </div>most<div style="display:inline-block;width:5.15px"> </div>instruments<div style="display:inline-block;width:5.19px"> </div>remain<div style="display:inline-block;width:5.23px"> </div>in<div style="display:inline-block;width:5.3px"> </div>stage 3<div style="display:inline-block;width:5.8px"> </div>for<div style="display:inline-block;width:5.1px"> </div>a </div><div id="a34758" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:383.2px;">longer period. As of 31<div style="display:inline-block;width:5.28px"> </div>December 2022, we had no instruments<div style="display:inline-block;width:5.06px"> </div>classified as POCI on our books.</div></div><div id="TextBlockContainer50" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:144px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a34807_1_115" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:41.824px;top:0px;">If payment default is<div style="display:inline-block;width:2.25px"> </div>imminent or default has already occurred, we may<div style="display:inline-block;width:1.83px"> </div>grant concessions to borrowers in financial </div><div id="a34810" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">difficulties that we would<div style="display:inline-block;width:5.26px"> </div>otherwise not consider<div style="display:inline-block;width:5.06px"> </div>in the normal course of business,<div style="display:inline-block;width:5.82px"> </div>such as offering<div style="display:inline-block;width:5.05px"> </div>preferential interest </div><div id="a34811" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.7px;">rates,<div style="display:inline-block;width:5.99px"> </div>extending<div style="display:inline-block;width:6.97px"> </div>maturity,<div style="display:inline-block;width:7.7px"> </div>modifying<div style="display:inline-block;width:6.71px"> </div>the<div style="display:inline-block;width:6.2px"> </div>schedule<div style="display:inline-block;width:6.5px"> </div>of<div style="display:inline-block;width:6.67px"> </div>repayments,<div style="display:inline-block;width:7.01px"> </div>debt<div style="display:inline-block;width:6.4px"> </div>/<div style="display:inline-block;width:6.25px"> </div>equity<div style="display:inline-block;width:6.57px"> </div>swap,<div style="display:inline-block;width:7.08px"> </div>subordination,<div style="display:inline-block;width:7.44px"> </div>etc.<div style="display:inline-block;width:5.9px"> </div>When<div style="display:inline-block;width:6.35px"> </div>a </div><div id="a34814" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.4px;">forbearance measure takes<div style="display:inline-block;width:2.13px"> </div>place, each case is<div style="display:inline-block;width:1.52px"> </div>considered individually and the<div style="display:inline-block;width:2.23px"> </div>exposure is generally classified<div style="display:inline-block;width:2.16px"> </div>as defaulted. </div><div id="a34815" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">Forbearance<div style="display:inline-block;width:5.1px"> </div>classification<div style="display:inline-block;width:5.99px"> </div>remains<div style="display:inline-block;width:5.28px"> </div>until<div style="display:inline-block;width:5.24px"> </div>the<div style="display:inline-block;width:5.25px"> </div>loan<div style="display:inline-block;width:5.5px"> </div>is<div style="display:inline-block;width:5.15px"> </div>repaid<div style="display:inline-block;width:5.59px"> </div>or<div style="display:inline-block;width:5.25px"> </div>written off,<div style="display:inline-block;width:6.71px"> </div>non-preferential<div style="display:inline-block;width:5.53px"> </div>conditions<div style="display:inline-block;width:5.7px"> </div>are<div style="display:inline-block;width:5.29px"> </div>granted<div style="display:inline-block;width:5.5px"> </div>that </div><div id="a34819" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;">supersede the preferential conditions, or the counterparty<div style="display:inline-block;width:1.78px"> </div>has recovered and the preferential<div style="display:inline-block;width:2.3px"> </div>conditions no longer exceed </div><div id="a34820" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:92.2px;">our risk tolerance. </div><div id="a34822" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:115px;">Contractual<div style="display:inline-block;width:5.67px"> </div>adjustments<div style="display:inline-block;width:6.29px"> </div>when<div style="display:inline-block;width:6.18px"> </div>there<div style="display:inline-block;width:6.28px"> </div>is<div style="display:inline-block;width:5.62px"> </div>no<div style="display:inline-block;width:6.08px"> </div>evidence<div style="display:inline-block;width:6.04px"> </div>of<div style="display:inline-block;width:5.72px"> </div>imminent<div style="display:inline-block;width:5.88px"> </div>payment<div style="display:inline-block;width:6.52px"> </div>default,<div style="display:inline-block;width:6.53px"> </div>or<div style="display:inline-block;width:5.72px"> </div>where<div style="display:inline-block;width:6.07px"> </div>changes<div style="display:inline-block;width:6.13px"> </div>to<div style="display:inline-block;width:5.72px"> </div>terms<div style="display:inline-block;width:5.74px"> </div>and </div><div id="a34824" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:130.1px;">conditions are within our<div style="display:inline-block;width:5.08px"> </div>usual risk tolerance, are not considered<div style="display:inline-block;width:5.31px"> </div>to be forborne.</div></div><div id="TextBlockContainer52" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:227px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a35216_1_30" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:42.769px;top:0px;">Main sources of market<div style="display:inline-block;width:5.16px"> </div>risk<div style="display:inline-block;width:7.34px"> </div></div><div id="a35219" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23px;">Market risks arise from both trading<div style="display:inline-block;width:5.25px"> </div>and non-trading<div style="display:inline-block;width:5.1px"> </div>business activities. </div><div id="a35223" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:40.1px;">–</div><div id="a35224" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:39.9px;"> </div><div id="a35225" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:40.1px;">Trading market<div style="display:inline-block;width:5.47px"> </div>risks<div style="display:inline-block;width:5.04px"> </div>are mainly<div style="display:inline-block;width:5.5px"> </div>connected with<div style="display:inline-block;width:6.08px"> </div>primary debt<div style="display:inline-block;width:6.13px"> </div>and<div style="display:inline-block;width:5.13px"> </div>equity underwriting<div style="display:inline-block;width:6.17px"> </div>and securities<div style="display:inline-block;width:5.29px"> </div>and<div style="display:inline-block;width:5.13px"> </div>derivatives </div><div id="a35227" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:57.1px;">trading for<div style="display:inline-block;width:5.87px"> </div>market-making and<div style="display:inline-block;width:6.32px"> </div>client facilitation<div style="display:inline-block;width:5.71px"> </div>in our<div style="display:inline-block;width:5.66px"> </div>Investment Bank,<div style="display:inline-block;width:5.98px"> </div>as well<div style="display:inline-block;width:5.25px"> </div>as the<div style="display:inline-block;width:5.4px"> </div>remaining<div style="display:inline-block;width:5.06px"> </div>positions in<div style="display:inline-block;width:5.48px"> </div>Non-</div><div id="a35234" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:74.6px;">core<div style="display:inline-block;width:7.18px"> </div>and<div style="display:inline-block;width:7.5px"> </div>Legacy<div style="display:inline-block;width:7.16px"> </div>Portfolio<div style="display:inline-block;width:7.98px"> </div>in<div style="display:inline-block;width:7.19px"> </div>Group<div style="display:inline-block;width:7.68px"> </div>Functions<div style="display:inline-block;width:7.29px"> </div>and<div style="display:inline-block;width:7.5px"> </div>our<div style="display:inline-block;width:7.34px"> </div>municipal<div style="display:inline-block;width:7.5px"> </div>securities<div style="display:inline-block;width:7.62px"> </div>trading<div style="display:inline-block;width:8.53px"> </div>business<div style="display:inline-block;width:7.74px"> </div>in<div style="display:inline-block;width:7.19px"> </div>Global<div style="display:inline-block;width:7.19px"> </div>Wealth </div><div id="a35236" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:92.1px;">Management. </div><div id="a35238" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:109.1px;">–</div><div id="a35239" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:109px;"> </div><div id="a35240" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:109.1px;">Non-trading market risks<div style="display:inline-block;width:5.9px"> </div>arise predominantly<div style="display:inline-block;width:5.48px"> </div>in the form<div style="display:inline-block;width:5.3px"> </div>of interest<div style="display:inline-block;width:5.28px"> </div>rate and foreign<div style="display:inline-block;width:5.94px"> </div>exchange risks connected<div style="display:inline-block;width:5.7px"> </div>with </div><div id="a35243" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:126.7px;">personal<div style="display:inline-block;width:7.02px"> </div>banking<div style="display:inline-block;width:7.33px"> </div>and<div style="display:inline-block;width:6.55px"> </div>lending<div style="display:inline-block;width:7.22px"> </div>in<div style="display:inline-block;width:6.25px"> </div>our<div style="display:inline-block;width:7.02px"> </div>wealth<div style="display:inline-block;width:6.7px"> </div>management<div style="display:inline-block;width:6.77px"> </div>business,<div style="display:inline-block;width:7.37px"> </div>our<div style="display:inline-block;width:6.87px"> </div>Swiss<div style="display:inline-block;width:6.72px"> </div>personal<div style="display:inline-block;width:6.55px"> </div>and<div style="display:inline-block;width:7.03px"> </div>corporate<div style="display:inline-block;width:6.75px"> </div>banking </div><div id="a35249" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:144.1px;">business, the Investment Bank’s<div style="display:inline-block;width:5.14px"> </div>lending business, and treasury activities. </div><div id="a35251" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:161.2px;">–</div><div id="a35252" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:161px;"> </div><div id="a35253" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:161.2px;">Group Treasury assumes market risks in the<div style="display:inline-block;width:2.27px"> </div>process of managing interest rate risk, structural foreign exchange risk and </div><div id="a35257" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:178.7px;">the Group’s liquidity and<div style="display:inline-block;width:5.12px"> </div>funding profile, including high<div style="display:inline-block;width:1.55px"> </div>-quality liquid assets (HQLA). </div><div id="a35267" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:196.2px;">–</div><div id="a35268" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:196.1px;"> </div><div id="a35269" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:196.2px;">Equity<div style="display:inline-block;width:5.15px"> </div>and<div style="display:inline-block;width:5.61px"> </div>debt investments<div style="display:inline-block;width:6.24px"> </div>can<div style="display:inline-block;width:5.2px"> </div>also<div style="display:inline-block;width:5.35px"> </div>give<div style="display:inline-block;width:5.25px"> </div>rise<div style="display:inline-block;width:5.04px"> </div>to<div style="display:inline-block;width:5.25px"> </div>market risks,<div style="display:inline-block;width:6.21px"> </div>as<div style="display:inline-block;width:5.25px"> </div>can<div style="display:inline-block;width:5.2px"> </div>some<div style="display:inline-block;width:5.3px"> </div>aspects<div style="display:inline-block;width:5.15px"> </div>of<div style="display:inline-block;width:5.25px"> </div>employee<div style="display:inline-block;width:5.15px"> </div>benefits,<div style="display:inline-block;width:5.35px"> </div>such<div style="display:inline-block;width:5.45px"> </div>as </div><div id="a35273" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:213.2px;">defined benefit pension<div style="display:inline-block;width:5.09px"> </div>schemes.</div></div><div id="TextBlockContainer54" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:297px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a35277_1_64" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:42.769px;top:0px;">Overview of measurement,<div style="display:inline-block;width:5.21px"> </div>monitoring and management<div style="display:inline-block;width:5.01px"> </div>techniques<div style="display:inline-block;width:7.78px"> </div></div><div id="a35281" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:24.9px;">–</div><div id="a35282" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:24.8px;"> </div><div id="a35283" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:24.9px;">Market risk limits<div style="display:inline-block;width:5.32px"> </div>are set for<div style="display:inline-block;width:5.76px"> </div>the Group,<div style="display:inline-block;width:5.58px"> </div>the business<div style="display:inline-block;width:5.06px"> </div>divisions, Group<div style="display:inline-block;width:5.24px"> </div>Treasury and<div style="display:inline-block;width:5.02px"> </div>Non-core<div style="display:inline-block;width:5.06px"> </div>and Legacy Portfolio<div style="display:inline-block;width:5.35px"> </div>at </div><div id="a35286" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:42.4px;">granular levels in the various business<div style="display:inline-block;width:5.4px"> </div>lines, reflecting the nature and<div style="display:inline-block;width:5.38px"> </div>magnitude of the market risks. </div><div id="a35288" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:59.9px;">–</div><div id="a35289" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:59.8px;"> </div><div id="a35290" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:59.9px;">Management value-at-risk (VaR)<div style="display:inline-block;width:5.48px"> </div>measures exposures under the market risk framework,<div style="display:inline-block;width:5.84px"> </div>including trading market risks </div><div id="a35299" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:77px;">and some non-trading market<div style="display:inline-block;width:1.07px"> </div>risks. Non-trading market<div style="display:inline-block;width:2.31px"> </div>risks not<div style="display:inline-block;width:2.09px"> </div>included in VaR are<div style="display:inline-block;width:1.78px"> </div>also covered<div style="display:inline-block;width:2.23px"> </div>in the<div style="display:inline-block;width:2.14px"> </div>risks controlled </div><div id="a35306" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:94.5px;">by Market &amp; Treasury Risk Control,<div style="display:inline-block;width:5.29px"> </div>as set out below. </div><div id="a35308" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:112px;">–</div><div id="a35309" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:111.8px;"> </div><div id="a35310" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:112px;">Our primary portfolio measures of market<div style="display:inline-block;width:5.06px"> </div>risk are liquidity-adjusted<div style="display:inline-block;width:5.11px"> </div>stress (LAS) loss and VaR.<div style="display:inline-block;width:5.08px"> </div>Both are common to all </div><div id="a35313" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:129px;">business divisions and<div style="display:inline-block;width:5.32px"> </div>subject to limits that are approved by the Board<div style="display:inline-block;width:5.5px"> </div>of Directors (the BoD). </div><div id="a35318" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:146.5px;">–</div><div id="a35319" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:146.4px;"> </div><div id="a35320" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:146.5px;">These measures<div style="display:inline-block;width:5.32px"> </div>are complemented<div style="display:inline-block;width:5.43px"> </div>by concentration<div style="display:inline-block;width:5.5px"> </div>and granular<div style="display:inline-block;width:5.43px"> </div>limits for general<div style="display:inline-block;width:5.83px"> </div>and specific<div style="display:inline-block;width:5.2px"> </div>market risk<div style="display:inline-block;width:5.11px"> </div>factors. </div><div id="a35322" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:163.5px;">Our trading businesses are subject to multiple market risk<div style="display:inline-block;width:1.96px"> </div>limits, which take into account the extent of market<div style="display:inline-block;width:2.31px"> </div>liquidity </div><div id="a35326" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:181.1px;">and<div style="display:inline-block;width:5.13px"> </div>volatility, available<div style="display:inline-block;width:5.86px"> </div>operational<div style="display:inline-block;width:5.5px"> </div>capacity, valuation<div style="display:inline-block;width:6.48px"> </div>uncertainty,<div style="display:inline-block;width:5.41px"> </div>and,<div style="display:inline-block;width:5.24px"> </div>for our<div style="display:inline-block;width:5.93px"> </div>single-name exposures,<div style="display:inline-block;width:7.21px"> </div>issuer credit </div><div id="a35330" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:198.6px;">quality. </div><div id="a35332" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:215.6px;">–</div><div id="a35333" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:215.4px;"> </div><div id="a35334" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:215.6px;">Trading market<div style="display:inline-block;width:5.47px"> </div>risks are<div style="display:inline-block;width:5.71px"> </div>managed<div style="display:inline-block;width:5.18px"> </div>on an<div style="display:inline-block;width:5.44px"> </div>integrated basis<div style="display:inline-block;width:6.02px"> </div>at portfolio<div style="display:inline-block;width:5.29px"> </div>level. As<div style="display:inline-block;width:5.68px"> </div>risk factor<div style="display:inline-block;width:5.11px"> </div>sensitivities<div style="display:inline-block;width:5.1px"> </div>change<div style="display:inline-block;width:5.13px"> </div>due to </div><div id="a35335" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:233.1px;">new<div style="display:inline-block;width:5.51px"> </div>transactions,<div style="display:inline-block;width:5.24px"> </div>transaction<div style="display:inline-block;width:5.7px"> </div>expiries or<div style="display:inline-block;width:6.48px"> </div>changes<div style="display:inline-block;width:5.66px"> </div>in<div style="display:inline-block;width:5.3px"> </div>market levels,<div style="display:inline-block;width:6.11px"> </div>risk factors<div style="display:inline-block;width:6.58px"> </div>are<div style="display:inline-block;width:5.29px"> </div>dynamically rehedged<div style="display:inline-block;width:7.42px"> </div>to<div style="display:inline-block;width:5.25px"> </div>remain </div><div id="a35340" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:250.6px;">within limits. We do not<div style="display:inline-block;width:2.21px"> </div>generally seek to distinguish in the<div style="display:inline-block;width:2.2px"> </div>trading portfolio between specific positions and associated </div><div id="a35341" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:267.6px;">hedges. </div><div id="a35343" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:4.905px;top:283.1px;"> </div><div id="a35344" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:197.032px;top:283.2px;"> </div></div><div id="TextBlockContainer56" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:227px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a35382" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">–</div><div id="a35383" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:-0.1px;"> </div><div id="a35384" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:0px;">Issuer risk<div style="display:inline-block;width:6.09px"> </div>is<div style="display:inline-block;width:5.15px"> </div>controlled<div style="display:inline-block;width:5.06px"> </div>by limits<div style="display:inline-block;width:6.15px"> </div>applied<div style="display:inline-block;width:5.13px"> </div>at<div style="display:inline-block;width:5.05px"> </div>business<div style="display:inline-block;width:5.38px"> </div>division<div style="display:inline-block;width:5.09px"> </div>level based<div style="display:inline-block;width:6.29px"> </div>on<div style="display:inline-block;width:5.13px"> </div>jump-to-zero<div style="display:inline-block;width:5.27px"> </div>measures,<div style="display:inline-block;width:5.54px"> </div>which estimate </div><div id="a35390" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:17px;">maximum default exposure (the<div style="display:inline-block;width:5.28px"> </div>default event loss assuming zero recovery). </div><div id="a35395" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:34.5px;">–</div><div id="a35396" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:34.4px;"> </div><div id="a35397" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:34.5px;">Non-trading<div style="display:inline-block;width:6.78px"> </div>foreign<div style="display:inline-block;width:6.11px"> </div>exchange<div style="display:inline-block;width:6.35px"> </div>risks<div style="display:inline-block;width:5.99px"> </div>are<div style="display:inline-block;width:6.23px"> </div>managed<div style="display:inline-block;width:6.13px"> </div>under<div style="display:inline-block;width:6.31px"> </div>market<div style="display:inline-block;width:5.73px"> </div>risk<div style="display:inline-block;width:5.94px"> </div>limits,<div style="display:inline-block;width:6.15px"> </div>with<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:6.2px"> </div>exception<div style="display:inline-block;width:6.09px"> </div>of<div style="display:inline-block;width:6.2px"> </div>Group<div style="display:inline-block;width:6.26px"> </div>Treasury </div><div id="a35403" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:51.5px;">management of consolidated capital activity.<div style="display:inline-block;width:5.82px"> </div></div><div id="a35406" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:67.2px;"> </div><div id="a35407" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:82.8px;">Our Market &amp;<div style="display:inline-block;width:5.72px"> </div>Treasury<div style="display:inline-block;width:6.4px"> </div>Risk Control<div style="display:inline-block;width:5.57px"> </div>function applies<div style="display:inline-block;width:5.75px"> </div>a holistic<div style="display:inline-block;width:5.56px"> </div>risk framework,<div style="display:inline-block;width:5.37px"> </div>setting<div style="display:inline-block;width:5.24px"> </div>the appetite for<div style="display:inline-block;width:5.82px"> </div>treasury-related </div><div id="a35410" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:97.9px;">risk-taking activities across the<div style="display:inline-block;width:5.06px"> </div>Group. Key elements<div style="display:inline-block;width:4.44px"> </div>of the framework include<div style="display:inline-block;width:5.12px"> </div>an overarching economic value sensitivity </div><div id="a35421" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:113.5px;">limit, set by the BoD,<div style="display:inline-block;width:2.94px"> </div>and the sensitivity of net interest income to changes in<div style="display:inline-block;width:2.19px"> </div>interest rates targets,<div style="display:inline-block;width:3.83px"> </div>set by the Group CEO. </div><div id="a35428" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:128.7px;">Limits are also set<div style="display:inline-block;width:2.14px"> </div>by the BoD to balance the effect<div style="display:inline-block;width:1.95px"> </div>of foreign exchange movements on our CET1 capital and CET1 capital </div><div id="a35430" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:144.3px;">ratio. Non-trading interest<div style="display:inline-block;width:2.08px"> </div>rate and<div style="display:inline-block;width:2.09px"> </div>foreign exchange risks<div style="display:inline-block;width:2.11px"> </div>are included in<div style="display:inline-block;width:2.21px"> </div>Group-wide statistical and stress<div style="display:inline-block;width:1.76px"> </div>testing metrics, </div><div id="a35435" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:159.4px;">which flow into our risk appetite framework. </div><div id="a35437" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:182.1px;">Equity and debt investments are<div style="display:inline-block;width:2.26px"> </div>subject to a range of risk controls, including preapproval of new investments<div style="display:inline-block;width:2.24px"> </div>by business </div><div id="a35439" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:197.3px;">management and<div style="display:inline-block;width:6.33px"> </div>Risk Control<div style="display:inline-block;width:6.51px"> </div>and<div style="display:inline-block;width:5.13px"> </div>regular monitoring<div style="display:inline-block;width:6.36px"> </div>and<div style="display:inline-block;width:5.13px"> </div>reporting.<div style="display:inline-block;width:5.32px"> </div>They are<div style="display:inline-block;width:5.87px"> </div>also included<div style="display:inline-block;width:6.32px"> </div>in Group<div style="display:inline-block;width:2.08px"> </div>-wide statistical </div><div id="a35442" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:212.9px;">and stress testing metrics.</div></div><div id="TextBlockContainer58" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:289px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a35548_1_115" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:44.188px;top:0px;">VaR<div style="display:inline-block;width:5.61px"> </div>is a<div style="display:inline-block;width:5.72px"> </div>statistical measure<div style="display:inline-block;width:5.56px"> </div>of market<div style="display:inline-block;width:5.96px"> </div>risk,<div style="display:inline-block;width:5.1px"> </div>representing<div style="display:inline-block;width:5.5px"> </div>the potential<div style="display:inline-block;width:5.92px"> </div>market<div style="display:inline-block;width:5.21px"> </div>risk losses<div style="display:inline-block;width:5.82px"> </div>over a<div style="display:inline-block;width:5.63px"> </div>set time<div style="display:inline-block;width:5.26px"> </div>horizon </div><div id="a35551" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">(holding period) at an<div style="display:inline-block;width:5.03px"> </div>established level of confidence. VaR<div style="display:inline-block;width:5.79px"> </div>assumes no change in<div style="display:inline-block;width:5.2px"> </div>the Group’s<div style="display:inline-block;width:5.15px"> </div>trading positions over the </div><div id="a35552" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.7px;">set time horizon. </div><div id="a35554" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:53.5px;">We<div style="display:inline-block;width:5.24px"> </div>calculate<div style="display:inline-block;width:5.11px"> </div>VaR<div style="display:inline-block;width:5.61px"> </div>daily.<div style="display:inline-block;width:5.37px"> </div>The profit<div style="display:inline-block;width:6.53px"> </div>or<div style="display:inline-block;width:5.25px"> </div>loss<div style="display:inline-block;width:5.08px"> </div>distribution<div style="display:inline-block;width:5.49px"> </div>VaR<div style="display:inline-block;width:5.14px"> </div>is<div style="display:inline-block;width:5.15px"> </div>derived<div style="display:inline-block;width:5.15px"> </div>from<div style="display:inline-block;width:5.18px"> </div>our<div style="display:inline-block;width:5.45px"> </div>internally developed<div style="display:inline-block;width:6.57px"> </div>VaR<div style="display:inline-block;width:5.61px"> </div>model, which </div><div id="a35557" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:68.6px;">simulates returns<div style="display:inline-block;width:5.56px"> </div>over the holding<div style="display:inline-block;width:6.11px"> </div>period for<div style="display:inline-block;width:5.55px"> </div>those risk factors<div style="display:inline-block;width:6.04px"> </div>our trading<div style="display:inline-block;width:5.28px"> </div>positions<div style="display:inline-block;width:5.27px"> </div>are sensitive<div style="display:inline-block;width:5.13px"> </div>to, and<div style="display:inline-block;width:5.39px"> </div>subsequently </div><div id="a35558" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:83.7px;">quantifies<div style="display:inline-block;width:5.34px"> </div>the<div style="display:inline-block;width:5.25px"> </div>profit<div style="display:inline-block;width:5.28px"> </div>/<div style="display:inline-block;width:5.78px"> </div>loss<div style="display:inline-block;width:5.4px"> </div>effect<div style="display:inline-block;width:5.25px"> </div>of<div style="display:inline-block;width:5.72px"> </div>these<div style="display:inline-block;width:5.3px"> </div>risk<div style="display:inline-block;width:5.47px"> </div>factor<div style="display:inline-block;width:5.22px"> </div>returns<div style="display:inline-block;width:5.86px"> </div>on<div style="display:inline-block;width:5.61px"> </div>trading<div style="display:inline-block;width:5.4px"> </div>positions.<div style="display:inline-block;width:5.85px"> </div>Risk<div style="display:inline-block;width:5.35px"> </div>factor<div style="display:inline-block;width:5.22px"> </div>returns<div style="display:inline-block;width:5.67px"> </div>associated<div style="display:inline-block;width:5.72px"> </div>with </div><div id="a35560" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.3px;">general<div style="display:inline-block;width:5.35px"> </div>interest<div style="display:inline-block;width:5.6px"> </div>rate,<div style="display:inline-block;width:5.47px"> </div>foreign<div style="display:inline-block;width:5.64px"> </div>exchange<div style="display:inline-block;width:5.4px"> </div>and<div style="display:inline-block;width:5.61px"> </div>commodities<div style="display:inline-block;width:5.46px"> </div>risk<div style="display:inline-block;width:5.47px"> </div>factor<div style="display:inline-block;width:5.69px"> </div>classes<div style="display:inline-block;width:5.04px"> </div>are<div style="display:inline-block;width:5.76px"> </div>based<div style="display:inline-block;width:5.66px"> </div>on<div style="display:inline-block;width:5.61px"> </div>a<div style="display:inline-block;width:5.2px"> </div>pure<div style="display:inline-block;width:5.69px"> </div>historical simulation </div><div id="a35561" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:114.5px;">approach, using a five-year look-back window. Risk factor returns for<div style="display:inline-block;width:2.24px"> </div>selected issuer-based risk factors (e.g., equity prices </div><div id="a35570" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:130.1px;">and<div style="display:inline-block;width:6.08px"> </div>credit<div style="display:inline-block;width:5.5px"> </div>spreads)<div style="display:inline-block;width:6.37px"> </div>are<div style="display:inline-block;width:5.85px"> </div>split<div style="display:inline-block;width:5.56px"> </div>into<div style="display:inline-block;width:5.82px"> </div>systematic<div style="display:inline-block;width:5.28px"> </div>and<div style="display:inline-block;width:6.08px"> </div>residual<div style="display:inline-block;width:6.01px"> </div>issuer-specific<div style="display:inline-block;width:5.65px"> </div>components<div style="display:inline-block;width:6.23px"> </div>using<div style="display:inline-block;width:6.23px"> </div>a<div style="display:inline-block;width:5.67px"> </div>factor<div style="display:inline-block;width:5.21px"> </div>model<div style="display:inline-block;width:5.82px"> </div>approach. </div><div id="a35575" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:145.2px;">Systematic returns are based on historical simulation, and residual returns on a Monte Carlo simulation. VaR model profit </div><div id="a35578" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:160.4px;">or loss distribution is derived from the sum<div style="display:inline-block;width:5.06px"> </div>of systematic and residual<div style="display:inline-block;width:5.43px"> </div>returns in such a way that we consistently<div style="display:inline-block;width:5.01px"> </div>capture </div><div id="a35579" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:176px;">systematic and<div style="display:inline-block;width:5.31px"> </div>residual risk.<div style="display:inline-block;width:5.06px"> </div>Correlations among<div style="display:inline-block;width:5.67px"> </div>risk factors are implicitly<div style="display:inline-block;width:5.84px"> </div>captured via<div style="display:inline-block;width:5.34px"> </div>a historical<div style="display:inline-block;width:5.26px"> </div>simulation approach. </div><div id="a35581" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:191.1px;">When<div style="display:inline-block;width:5.88px"> </div>modeling<div style="display:inline-block;width:6.12px"> </div>risk<div style="display:inline-block;width:5.47px"> </div>factor<div style="display:inline-block;width:5.21px"> </div>returns,<div style="display:inline-block;width:6.37px"> </div>we<div style="display:inline-block;width:5.78px"> </div>consider<div style="display:inline-block;width:5.4px"> </div>the<div style="display:inline-block;width:5.72px"> </div>stationarity<div style="display:inline-block;width:5.1px"> </div>properties<div style="display:inline-block;width:6.01px"> </div>of<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>historical<div style="display:inline-block;width:5.78px"> </div>time<div style="display:inline-block;width:5.26px"> </div>series<div style="display:inline-block;width:5.99px"> </div>of<div style="display:inline-block;width:5.72px"> </div>risk<div style="display:inline-block;width:5.47px"> </div>factor </div><div id="a35585" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:206.7px;">changes.<div style="display:inline-block;width:5.29px"> </div>Depending<div style="display:inline-block;width:5.37px"> </div>on<div style="display:inline-block;width:5.13px"> </div>the stationarity<div style="display:inline-block;width:5.73px"> </div>properties<div style="display:inline-block;width:5.06px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the risk<div style="display:inline-block;width:6.09px"> </div>factors within<div style="display:inline-block;width:6.46px"> </div>a given<div style="display:inline-block;width:6.35px"> </div>factor class,<div style="display:inline-block;width:5.69px"> </div>we<div style="display:inline-block;width:5.31px"> </div>model the<div style="display:inline-block;width:6.77px"> </div>factor </div><div id="a35589" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:221.9px;">returns using absolute returns<div style="display:inline-block;width:5.03px"> </div>or logarithmic returns. Risk factor return<div style="display:inline-block;width:5.13px"> </div>distributions are updated<div style="display:inline-block;width:5.07px"> </div>fortnightly. </div><div id="a35591" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:244.6px;">Our VaR model does<div style="display:inline-block;width:5.05px"> </div>not have full revaluation capability, but<div style="display:inline-block;width:5.15px"> </div>we source full revaluation<div style="display:inline-block;width:5.45px"> </div>grids and sensitivities from front-</div><div id="a35593" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:259.7px;">office systems, enabling us<div style="display:inline-block;width:5.02px"> </div>to capture material non-linear profit-or-loss effects. </div><div id="a35602" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:4.905px;top:275.2px;"> </div><div id="a35603" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:197.032px;top:275.3px;"> </div></div><div id="TextBlockContainer60" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:258px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a35641" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">We use<div style="display:inline-block;width:6.07px"> </div>a single<div style="display:inline-block;width:5.55px"> </div>VaR<div style="display:inline-block;width:5.14px"> </div>model for<div style="display:inline-block;width:5.35px"> </div>both<div style="display:inline-block;width:5.18px"> </div>internal management<div style="display:inline-block;width:6.05px"> </div>purposes and<div style="display:inline-block;width:5.99px"> </div>determining market<div style="display:inline-block;width:5.46px"> </div>risk risk<div style="display:inline-block;width:1.45px"> </div>-weighted<div style="display:inline-block;width:5.03px"> </div>assets </div><div id="a35645" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">(RWA),<div style="display:inline-block;width:6.09px"> </div>although<div style="display:inline-block;width:5.96px"> </div>we<div style="display:inline-block;width:5.78px"> </div>consider<div style="display:inline-block;width:5.4px"> </div>different<div style="display:inline-block;width:5.84px"> </div>confidence<div style="display:inline-block;width:5.82px"> </div>levels<div style="display:inline-block;width:5.31px"> </div>and<div style="display:inline-block;width:6.08px"> </div>time<div style="display:inline-block;width:5.26px"> </div>horizons.<div style="display:inline-block;width:6.88px"> </div>For<div style="display:inline-block;width:5.52px"> </div>internal<div style="display:inline-block;width:5.8px"> </div>management<div style="display:inline-block;width:5.82px"> </div>purposes,<div style="display:inline-block;width:6.53px"> </div>we </div><div id="a35650" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.7px;">establish risk limits and measure<div style="display:inline-block;width:5.09px"> </div>exposures using<div style="display:inline-block;width:5.03px"> </div>VaR at a </div><div id="a35650_59_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:335.939px;top:30.7px;">95</div><div id="a35650_61_59" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:351.072px;top:30.7px;">% confidence level with a 1-day holding<div style="display:inline-block;width:5.84px"> </div>period, aligned to </div><div id="a35653" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.9px;">the<div style="display:inline-block;width:5.72px"> </div>way<div style="display:inline-block;width:5.58px"> </div>we<div style="display:inline-block;width:5.78px"> </div>consider<div style="display:inline-block;width:5.87px"> </div>the<div style="display:inline-block;width:5.72px"> </div>risks<div style="display:inline-block;width:5.52px"> </div>associated<div style="display:inline-block;width:6.19px"> </div>with<div style="display:inline-block;width:5.72px"> </div>our<div style="display:inline-block;width:5.93px"> </div>trading<div style="display:inline-block;width:5.87px"> </div>activities.<div style="display:inline-block;width:5.28px"> </div>The<div style="display:inline-block;width:5.88px"> </div>regulatory<div style="display:inline-block;width:6.23px"> </div>measure<div style="display:inline-block;width:6.2px"> </div>of<div style="display:inline-block;width:5.72px"> </div>market<div style="display:inline-block;width:5.69px"> </div>risk<div style="display:inline-block;width:5.47px"> </div>used<div style="display:inline-block;width:6.13px"> </div>to </div><div id="a35656" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">underpin<div style="display:inline-block;width:5.96px"> </div>the market<div style="display:inline-block;width:5.84px"> </div>risk capital<div style="display:inline-block;width:6.15px"> </div>requirement<div style="display:inline-block;width:5.57px"> </div>under<div style="display:inline-block;width:5.66px"> </div>Basel III<div style="display:inline-block;width:5.36px"> </div>requires<div style="display:inline-block;width:5.25px"> </div>a<div style="display:inline-block;width:5.2px"> </div>measure<div style="display:inline-block;width:5.39px"> </div>equivalent to<div style="display:inline-block;width:5.87px"> </div>a </div><div id="a35656_96_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:560.314px;top:61.5px;">99</div><div id="a35656_98_19" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:575.447px;top:61.5px;">% confidence<div style="display:inline-block;width:6.4px"> </div>level </div><div id="a35659" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;">using<div style="display:inline-block;width:5.75px"> </div>a<div style="display:inline-block;width:5.2px"> </div>10-day<div style="display:inline-block;width:5.48px"> </div>holding<div style="display:inline-block;width:5.53px"> </div>period.<div style="display:inline-block;width:5.66px"> </div>To<div style="display:inline-block;width:5.45px"> </div>calculate a<div style="display:inline-block;width:6.16px"> </div>10-day<div style="display:inline-block;width:5.62px"> </div>holding<div style="display:inline-block;width:6px"> </div>period<div style="display:inline-block;width:5.55px"> </div>VaR,<div style="display:inline-block;width:5.72px"> </div>we use<div style="display:inline-block;width:6.14px"> </div>10-day<div style="display:inline-block;width:5.57px"> </div>risk factor<div style="display:inline-block;width:6.53px"> </div>returns,<div style="display:inline-block;width:6.25px"> </div>with<div style="display:inline-block;width:5.25px"> </div>all </div><div id="a35667" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:91.8px;">observations equally weighted. </div><div id="a35669" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:115px;">Additionally, the portfolio populations<div style="display:inline-block;width:5.75px"> </div>for management and<div style="display:inline-block;width:5.38px"> </div>regulatory VaR are<div style="display:inline-block;width:5.04px"> </div>slightly different. The<div style="display:inline-block;width:5.19px"> </div>one for regulatory </div><div id="a35670" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:130.1px;">VaR<div style="display:inline-block;width:7.03px"> </div>meets<div style="display:inline-block;width:6.36px"> </div>regulatory<div style="display:inline-block;width:6.7px"> </div>requirements<div style="display:inline-block;width:7.04px"> </div>for<div style="display:inline-block;width:6.52px"> </div>inclusion<div style="display:inline-block;width:6.49px"> </div>in<div style="display:inline-block;width:6.25px"> </div>regulatory<div style="display:inline-block;width:6.7px"> </div>VaR.<div style="display:inline-block;width:6.66px"> </div>Management<div style="display:inline-block;width:6.97px"> </div>VaR<div style="display:inline-block;width:6.56px"> </div>includes<div style="display:inline-block;width:6.87px"> </div>a<div style="display:inline-block;width:6.15px"> </div>broader<div style="display:inline-block;width:6.69px"> </div>range<div style="display:inline-block;width:6.4px"> </div>of </div><div id="a35671" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:145.2px;">positions.<div style="display:inline-block;width:5.38px"> </div>For example,<div style="display:inline-block;width:5.47px"> </div>regulatory<div style="display:inline-block;width:5.38px"> </div>VaR<div style="display:inline-block;width:5.14px"> </div>excludes<div style="display:inline-block;width:5.15px"> </div>credit spread<div style="display:inline-block;width:6.15px"> </div>risks<div style="display:inline-block;width:5.04px"> </div>from<div style="display:inline-block;width:5.18px"> </div>the securitization<div style="display:inline-block;width:6.25px"> </div>portfolio, which<div style="display:inline-block;width:6.23px"> </div>are<div style="display:inline-block;width:5.29px"> </div>treated </div><div id="a35673" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:160.8px;">instead under the securitization approach<div style="display:inline-block;width:5.54px"> </div>for regulatory purposes. </div><div id="a35675" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:183.6px;">We also<div style="display:inline-block;width:5.96px"> </div>use stressed<div style="display:inline-block;width:6.31px"> </div>VaR<div style="display:inline-block;width:5.14px"> </div>(SVaR) for<div style="display:inline-block;width:5.82px"> </div>the calculation<div style="display:inline-block;width:6.04px"> </div>of market<div style="display:inline-block;width:5.84px"> </div>risk RWA.<div style="display:inline-block;width:5.85px"> </div>SVaR<div style="display:inline-block;width:5.14px"> </div>uses<div style="display:inline-block;width:5.03px"> </div>broadly<div style="display:inline-block;width:5.12px"> </div>the<div style="display:inline-block;width:5.13px"> </div>same methodology<div style="display:inline-block;width:6.28px"> </div>as </div><div id="a35678" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:198.7px;">regulatory VaR and is calculated<div style="display:inline-block;width:5.15px"> </div>using the same population,<div style="display:inline-block;width:5.55px"> </div>holding period<div style="display:inline-block;width:5.04px"> </div>(10-day) and confidence level (</div><div id="a35678_106_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:610.508px;top:198.7px;">99</div><div id="a35678_108_11" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:625.641px;top:198.7px;">%). Unlike </div><div id="a35681" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:213.8px;">regulatory VaR,<div style="display:inline-block;width:6.37px"> </div>the historical<div style="display:inline-block;width:5.46px"> </div>data set<div style="display:inline-block;width:5.72px"> </div>for SVaR<div style="display:inline-block;width:6.09px"> </div>is not<div style="display:inline-block;width:5.98px"> </div>limited to<div style="display:inline-block;width:5.88px"> </div>five years,<div style="display:inline-block;width:5.59px"> </div>instead covering<div style="display:inline-block;width:6.39px"> </div>the period<div style="display:inline-block;width:6.18px"> </div>from 1<div style="display:inline-block;width:5.39px"> </div>January </div><div id="a35685" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:229.5px;">2007<div style="display:inline-block;width:5.54px"> </div>to the<div style="display:inline-block;width:5.4px"> </div>present.<div style="display:inline-block;width:5.22px"> </div>In deriving<div style="display:inline-block;width:5.45px"> </div>SVaR,<div style="display:inline-block;width:5.24px"> </div>we seek<div style="display:inline-block;width:5.93px"> </div>the largest<div style="display:inline-block;width:5.67px"> </div>10-day<div style="display:inline-block;width:5.21px"> </div>holding<div style="display:inline-block;width:5.06px"> </div>period<div style="display:inline-block;width:5.08px"> </div>VaR for<div style="display:inline-block;width:5.61px"> </div>the current<div style="display:inline-block;width:5.81px"> </div>Group<div style="display:inline-block;width:5.32px"> </div>portfolio </div><div id="a35688" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:244.6px;">across all one-year look-back windows<div style="display:inline-block;width:5.55px"> </div>from 1 January 2007<div style="display:inline-block;width:5.05px"> </div>to the present. SVaR is computed weekly.</div></div><div id="TextBlockContainer65" style="position:relative;font-family:'Frutiger';font-size:11.823px;color:#000000;line-height:normal;width:686px;height:478px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_63_XBRL_TS_2fd5476d77f64910a6fe2cd04fe533c1" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer64" style="position:relative;font-family:'Frutiger';font-size:11.823px;color:#000000;line-height:normal;width:686px;height:478px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a35734" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.38px;top:0px;">Management value<div style="display:inline-block;width:1.52px"> </div>-at-risk (1-day,<div style="display:inline-block;width:5.59px"> </div>95% confidence, 5 years<div style="display:inline-block;width:5.22px"> </div>of historical data)<div style="display:inline-block;width:4.72px"> </div>of our business<div style="display:inline-block;width:5.15px"> </div>divisions and Group </div><div id="a35741" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.38px;top:13.7px;">Functions by general<div style="display:inline-block;width:4.96px"> </div>market risk type</div><div id="a35742" style="position:absolute;font-family:'Frutiger';font-size:7.567px;font-weight:bold;font-style:normal;left:216.842px;top:14.4px;">1</div><div id="a35746" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:409.909px;top:30.8px;">For the year ended<div style="display:inline-block;width:3.9px"> </div>31.12.22 </div><div id="a35749" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:4.38px;top:58.2px;">USD m </div><div id="a35756" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:442.069px;top:58.2px;">Equity </div><div id="a35758" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:484.669px;top:46.8px;">Interest </div><div id="a35759" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:494.122px;top:58.2px;">rates </div><div id="a35761" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:535.296px;top:46.8px;">Credit </div><div id="a35762" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:529.149px;top:58.2px;">spreads </div><div id="a35764" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:584.509px;top:46.8px;">Foreign </div><div id="a35766" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:576.949px;top:58.2px;">exchange </div><div id="a35768" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:629.469px;top:58.2px;">Commodities </div><div id="a35772" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:262.269px;top:71.5px;">Min. </div><div id="a35777" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:459.602px;top:71.5px;">2</div><div id="a35779" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:507.389px;top:71.5px;">8</div><div id="a35781" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:552.349px;top:71.5px;">4</div><div id="a35783" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:606.762px;top:71.5px;">2</div><div id="a35785" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:672.536px;top:71.5px;">2</div><div id="a35790" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:306.282px;top:85.7px;">Max. </div><div id="a35794" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:454.869px;top:85.7px;">17</div><div id="a35796" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:502.669px;top:85.7px;">18</div><div id="a35798" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:552.349px;top:85.7px;">9</div><div id="a35800" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:602.042px;top:85.7px;">11</div><div id="a35802" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:672.536px;top:85.7px;">7</div><div id="a35808" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:339.416px;top:99.8px;">Average </div><div id="a35811" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:459.602px;top:99.8px;">6</div><div id="a35813" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:502.669px;top:99.8px;">10</div><div id="a35815" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:552.349px;top:99.8px;">5</div><div id="a35817" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:606.762px;top:99.8px;">3</div><div id="a35819" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:672.536px;top:99.8px;">3</div><div id="a35826" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:385.296px;top:114.5px;">31.12.22 </div><div id="a35828" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:459.602px;top:114.5px;">6</div><div id="a35830" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:502.669px;top:114.5px;">10</div><div id="a35832" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:552.349px;top:114.5px;">4</div><div id="a35834" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:606.762px;top:114.5px;">3</div><div id="a35836" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:672.536px;top:114.5px;">3</div><div id="a35838" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:128.2px;">Total management VaR,<div style="display:inline-block;width:4.51px"> </div>Group </div><div id="a35841" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:274.096px;top:128.2px;">6</div><div id="a35843" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:314.802px;top:128.2px;">18</div><div id="a35845" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:359.749px;top:128.2px;">11</div><div id="a35847" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:414.176px;top:128.2px;">9</div><div id="a35849" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:470.002px;top:128.2px;">Average (per business division and risk<div style="display:inline-block;width:3.95px"> </div>type) </div><div id="a35851" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:142.9px;">Global Wealth Management </div><div id="a35854" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:274.096px;top:142.9px;">1</div><div id="a35856" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:319.522px;top:142.9px;">2</div><div id="a35858" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:364.482px;top:142.9px;">1</div><div id="a35860" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:414.176px;top:142.9px;">1</div><div id="a35862" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:459.602px;top:142.9px;">0</div><div id="a35864" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:507.389px;top:142.9px;">1</div><div id="a35866" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:552.349px;top:142.9px;">1</div><div id="a35868" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:606.762px;top:142.9px;">0</div><div id="a35870" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:672.536px;top:142.9px;">0</div><div id="a35872" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:157.6px;">Personal &amp; Corporate Banking </div><div id="a35876" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:274.096px;top:157.6px;">0</div><div id="a35878" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:319.522px;top:157.6px;">0</div><div id="a35880" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:364.482px;top:157.6px;">0</div><div id="a35882" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:414.176px;top:157.6px;">0</div><div id="a35884" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:459.602px;top:157.6px;">0</div><div id="a35886" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:507.389px;top:157.6px;">0</div><div id="a35888" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:552.349px;top:157.6px;">0</div><div id="a35890" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:606.762px;top:157.6px;">0</div><div id="a35892" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:672.536px;top:157.6px;">0</div><div id="a35894" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:171.8px;">Asset Management </div><div id="a35897" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:274.096px;top:171.8px;">0</div><div id="a35899" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:319.522px;top:171.8px;">0</div><div id="a35901" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:364.482px;top:171.8px;">0</div><div id="a35903" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:414.176px;top:171.8px;">0</div><div id="a35905" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:459.602px;top:171.8px;">0</div><div id="a35907" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:507.389px;top:171.8px;">0</div><div id="a35909" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:552.349px;top:171.8px;">0</div><div id="a35911" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:606.762px;top:171.8px;">0</div><div id="a35913" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:672.536px;top:171.8px;">0</div><div id="a35915" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:186px;">Investment Bank </div><div id="a35918" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:274.096px;top:186px;">6</div><div id="a35920" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:314.802px;top:186px;">17</div><div id="a35922" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:359.749px;top:186px;">10</div><div id="a35924" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:414.176px;top:186px;">8</div><div id="a35926" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:459.602px;top:186px;">6</div><div id="a35928" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:507.389px;top:186px;">9</div><div id="a35930" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:552.349px;top:186px;">5</div><div id="a35932" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:606.762px;top:186px;">3</div><div id="a35934" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:672.536px;top:186px;">3</div><div id="a35936" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:200.6px;">Group Functions </div><div id="a35939" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:274.096px;top:200.6px;">3</div><div id="a35941" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:319.522px;top:200.6px;">5</div><div id="a35943" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:364.482px;top:200.6px;">4</div><div id="a35945" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:414.176px;top:200.6px;">5</div><div id="a35947" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:459.602px;top:200.6px;">1</div><div id="a35949" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:507.389px;top:200.6px;">4</div><div id="a35951" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:552.349px;top:200.6px;">3</div><div id="a35953" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:606.762px;top:200.6px;">1</div><div id="a35955" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:672.536px;top:200.6px;">0</div><div id="a35957" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:214.8px;">Diversification effect</div><div id="a35958" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:77.744px;top:215.4px;">2,3</div><div id="a35963" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:359.282px;top:214.8px;display:flex;">(5)</div><div id="a35965" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:408.962px;top:214.8px;display:flex;">(5)</div><div id="a35967" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:454.402px;top:214.8px;display:flex;">(1)</div><div id="a35969" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:502.189px;top:214.8px;display:flex;">(3)</div><div id="a35971" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:547.122px;top:214.8px;display:flex;">(4)</div><div id="a35973" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:601.562px;top:214.8px;display:flex;">(1)</div><div id="a35975" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:672.536px;top:214.8px;">0</div><div id="a35990" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:409.909px;top:241.3px;">For the year ended<div style="display:inline-block;width:3.9px"> </div>31.12.21 </div><div id="a35992" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:4.38px;top:268.7px;">USD m </div><div id="a35999" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:442.069px;top:268.7px;">Equity </div><div id="a36001" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:484.669px;top:256.9px;">Interest </div><div id="a36002" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:494.122px;top:268.7px;">rates </div><div id="a36004" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:535.296px;top:256.9px;">Credit </div><div id="a36005" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:529.149px;top:268.7px;">spreads </div><div id="a36007" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:584.509px;top:256.9px;">Foreign </div><div id="a36009" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:576.949px;top:268.7px;">exchange </div><div id="a36011" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:629.469px;top:268.7px;">Commodities </div><div id="a36015" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:262.269px;top:282px;">Min. </div><div id="a36020" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:459.602px;top:282px;">1</div><div id="a36022" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:507.389px;top:282px;">7</div><div id="a36024" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:552.349px;top:282px;">5</div><div id="a36026" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:606.762px;top:282px;">1</div><div id="a36028" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:672.536px;top:282px;">2</div><div id="a36033" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:306.282px;top:296.2px;">Max. </div><div id="a36037" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:454.869px;top:296.2px;">35</div><div id="a36039" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:502.669px;top:296.2px;">13</div><div id="a36041" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:547.629px;top:296.2px;">11</div><div id="a36043" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:606.762px;top:296.2px;">9</div><div id="a36045" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:672.536px;top:296.2px;">5</div><div id="a36051" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:339.416px;top:310.4px;">Average </div><div id="a36054" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:459.602px;top:310.4px;">7</div><div id="a36056" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:507.389px;top:310.4px;">9</div><div id="a36058" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:552.349px;top:310.4px;">7</div><div id="a36060" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:606.762px;top:310.4px;">3</div><div id="a36062" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:672.536px;top:310.4px;">3</div><div id="a36069" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:385.296px;top:325px;">31.12.21 </div><div id="a36071" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:459.602px;top:325px;">8</div><div id="a36073" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:502.669px;top:325px;">11</div><div id="a36075" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:552.349px;top:325px;">7</div><div id="a36077" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:606.762px;top:325px;">6</div><div id="a36079" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:672.536px;top:325px;">3</div><div id="a36081" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:338.3px;">Total management VaR,<div style="display:inline-block;width:4.51px"> </div>Group </div><div id="a36084" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:274.096px;top:338.3px;">4</div><div id="a36086" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:314.802px;top:338.3px;">36</div><div id="a36088" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:359.749px;top:338.3px;">11</div><div id="a36090" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:409.442px;top:338.3px;">12</div><div id="a36092" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:470.482px;top:338.3px;">Average (per business division and risk type) </div><div id="a36095" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:353.4px;">Global Wealth Management </div><div id="a36098" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:274.096px;top:353.4px;">1</div><div id="a36100" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:319.522px;top:353.4px;">3</div><div id="a36102" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:364.482px;top:353.4px;">1</div><div id="a36104" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:414.176px;top:353.4px;">2</div><div id="a36106" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:459.602px;top:353.4px;">0</div><div id="a36108" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:507.389px;top:353.4px;">1</div><div id="a36110" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:552.349px;top:353.4px;">2</div><div id="a36112" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:606.762px;top:353.4px;">0</div><div id="a36114" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:672.536px;top:353.4px;">0</div><div id="a36116" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:367.6px;">Personal &amp; Corporate Banking </div><div id="a36119" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:274.096px;top:367.6px;">0</div><div id="a36121" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:319.522px;top:367.6px;">0</div><div id="a36123" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:364.482px;top:367.6px;">0</div><div id="a36125" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:414.176px;top:367.6px;">0</div><div id="a36127" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:459.602px;top:367.6px;">0</div><div id="a36129" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:507.389px;top:367.6px;">0</div><div id="a36131" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:552.349px;top:367.6px;">0</div><div id="a36133" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:606.762px;top:367.6px;">0</div><div id="a36135" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:672.536px;top:367.6px;">0</div><div id="a36137" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:382.3px;">Asset Management </div><div id="a36140" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:274.096px;top:382.3px;">0</div><div id="a36142" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:319.522px;top:382.3px;">0</div><div id="a36144" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:364.482px;top:382.3px;">0</div><div id="a36146" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:414.176px;top:382.3px;">0</div><div id="a36148" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:459.602px;top:382.3px;">0</div><div id="a36150" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:507.389px;top:382.3px;">0</div><div id="a36152" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:552.349px;top:382.3px;">0</div><div id="a36154" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:606.762px;top:382.3px;">0</div><div id="a36156" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:672.536px;top:382.3px;">0</div><div id="a36158" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:396.5px;">Investment Bank </div><div id="a36161" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:274.096px;top:396.5px;">3</div><div id="a36163" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:314.802px;top:396.5px;">36</div><div id="a36165" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:359.749px;top:396.5px;">11</div><div id="a36167" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:409.442px;top:396.5px;">11</div><div id="a36169" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:459.602px;top:396.5px;">7</div><div id="a36171" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:507.389px;top:396.5px;">9</div><div id="a36173" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:552.349px;top:396.5px;">7</div><div id="a36175" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:606.762px;top:396.5px;">3</div><div id="a36177" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:672.536px;top:396.5px;">3</div><div id="a36179" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:410.7px;">Group Functions </div><div id="a36182" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:274.096px;top:410.7px;">4</div><div id="a36184" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:319.522px;top:410.7px;">8</div><div id="a36186" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:364.482px;top:410.7px;">5</div><div id="a36188" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:414.176px;top:410.7px;">4</div><div id="a36190" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:459.602px;top:410.7px;">0</div><div id="a36192" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:507.389px;top:410.7px;">4</div><div id="a36194" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:552.349px;top:410.7px;">4</div><div id="a36196" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:606.762px;top:410.7px;">1</div><div id="a36198" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:672.536px;top:410.7px;">0</div><div id="a36200" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:425.3px;">Diversification effect</div><div id="a36201" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:77.744px;top:426px;">2,3</div><div id="a36206" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:359.282px;top:425.3px;display:flex;">(6)</div><div id="a36208" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:408.962px;top:425.3px;display:flex;">(5)</div><div id="a36210" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:459.602px;top:425.3px;">0</div><div id="a36212" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:502.189px;top:425.3px;display:flex;">(5)</div><div id="a36214" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:547.122px;top:425.3px;display:flex;">(5)</div><div id="a36216" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:601.562px;top:425.3px;display:flex;">(1)</div><div id="a36218" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:672.536px;top:425.3px;">0</div><div id="a36220" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:4.38px;top:439.4px;">1 Statistics at individual<div style="display:inline-block;width:3.79px"> </div>levels may not be<div style="display:inline-block;width:3.46px"> </div>summed to deduce<div style="display:inline-block;width:3.62px"> </div>the corresponding aggregate<div style="display:inline-block;width:3.95px"> </div>figures. The<div style="display:inline-block;width:4.27px"> </div>minima and maxima for<div style="display:inline-block;width:3.88px"> </div>each level<div style="display:inline-block;width:3.47px"> </div>may well occur on different<div style="display:inline-block;width:3.95px"> </div>days, and likewise,<div style="display:inline-block;width:4.6px"> </div>the VaR for each<div style="display:inline-block;width:4.2px"> </div>business </div><div id="a36222" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:4.38px;top:449.8px;">line or risk type, being driven by the extreme<div style="display:inline-block;width:3.39px"> </div>loss tail of the corresponding distribution<div style="display:inline-block;width:3.6px"> </div>of simulated profits and losses for that business line<div style="display:inline-block;width:3.94px"> </div>or risk type, may well<div style="display:inline-block;width:3.39px"> </div>be driven by different days in the historical time series, </div><div id="a36225" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:4.38px;top:459.8px;">rendering invalid the simple<div style="display:inline-block;width:3.45px"> </div>summation of figures to arrive<div style="display:inline-block;width:3.6px"> </div>at the aggregate total.<div style="display:inline-block;width:9.17px"> </div>2 Difference between the sum<div style="display:inline-block;width:3.66px"> </div>of the standalone VaR for<div style="display:inline-block;width:3.4px"> </div>the business divisions and<div style="display:inline-block;width:3.45px"> </div>Group Functions and<div style="display:inline-block;width:3.4px"> </div>the VaR for the Group<div style="display:inline-block;width:3.56px"> </div>as </div><div id="a36228" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:4.38px;top:470.2px;">a whole.<div style="display:inline-block;width:8.68px"> </div>3 As the minima and<div style="display:inline-block;width:3.64px"> </div>maxima for different business<div style="display:inline-block;width:3.47px"> </div>divisions and Group<div style="display:inline-block;width:3.44px"> </div>Functions occur on different<div style="display:inline-block;width:3.97px"> </div>days, it is not meaningful to<div style="display:inline-block;width:3.48px"> </div>calculate a portfolio<div style="display:inline-block;width:3.47px"> </div>diversification effect.</div></div></div></div><div id="TextBlockContainer68" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:436px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a36275_1_98" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:42.769px;top:0px;">Actual realized market risk losses may<div style="display:inline-block;width:5.19px"> </div>differ from those<div style="display:inline-block;width:5.1px"> </div>implied by VaR for a<div style="display:inline-block;width:5.39px"> </div>variety of reasons. </div><div id="a36278" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:17px;">–</div><div id="a36279" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:16.9px;"> </div><div id="a36280" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:17px;">VaR is calibrated to a specified level of<div style="display:inline-block;width:5.17px"> </div>confidence and may not indicate potential<div style="display:inline-block;width:5.15px"> </div>losses beyond<div style="display:inline-block;width:5.21px"> </div>this confidence level. </div><div id="a36283" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:34.5px;">–</div><div id="a36284" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:34.4px;"> </div><div id="a36285" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:34.5px;">The<div style="display:inline-block;width:5.4px"> </div>1-day<div style="display:inline-block;width:5.28px"> </div>time horizon<div style="display:inline-block;width:6.66px"> </div>used<div style="display:inline-block;width:5.66px"> </div>for VaR<div style="display:inline-block;width:6.56px"> </div>for<div style="display:inline-block;width:5.1px"> </div>internal<div style="display:inline-block;width:5.32px"> </div>management<div style="display:inline-block;width:5.35px"> </div>purposes<div style="display:inline-block;width:5.48px"> </div>(10-day<div style="display:inline-block;width:5.34px"> </div>for<div style="display:inline-block;width:5.1px"> </div>regulatory<div style="display:inline-block;width:5.28px"> </div>VaR)<div style="display:inline-block;width:5.72px"> </div>may not<div style="display:inline-block;width:6.62px"> </div>fully </div><div id="a36290" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:52.1px;">capture market risk of positions that cannot<div style="display:inline-block;width:5.56px"> </div>be closed out or hedged<div style="display:inline-block;width:5.37px"> </div>within the specified period. </div><div id="a36294" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:69.1px;">–</div><div id="a36295" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:68.9px;"> </div><div id="a36296" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:69.1px;">In<div style="display:inline-block;width:5.77px"> </div>some<div style="display:inline-block;width:5.77px"> </div>cases,<div style="display:inline-block;width:5.74px"> </div>VaR<div style="display:inline-block;width:6.09px"> </div>calculations<div style="display:inline-block;width:6.41px"> </div>approximate<div style="display:inline-block;width:6.23px"> </div>the<div style="display:inline-block;width:5.72px"> </div>effect<div style="display:inline-block;width:5.72px"> </div>of<div style="display:inline-block;width:6.2px"> </div>changes<div style="display:inline-block;width:6.13px"> </div>in<div style="display:inline-block;width:5.77px"> </div>risk<div style="display:inline-block;width:5.94px"> </div>factors<div style="display:inline-block;width:6.21px"> </div>on<div style="display:inline-block;width:6.08px"> </div>the<div style="display:inline-block;width:5.72px"> </div>values<div style="display:inline-block;width:5.62px"> </div>of<div style="display:inline-block;width:5.72px"> </div>positions<div style="display:inline-block;width:6.22px"> </div>and </div><div id="a36300" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:86.6px;">portfolios. This may happen due<div style="display:inline-block;width:5.5px"> </div>to the number of risk factors included in the VaR<div style="display:inline-block;width:5.5px"> </div>model needing<div style="display:inline-block;width:5.09px"> </div>to be limited.<div style="display:inline-block;width:3.48px"> </div></div><div id="a36303" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:104.1px;">–</div><div id="a36304" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:103.9px;"> </div><div id="a36305" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:104.1px;">Effects<div style="display:inline-block;width:6.72px"> </div>of<div style="display:inline-block;width:7.62px"> </div>extreme<div style="display:inline-block;width:7.62px"> </div>market<div style="display:inline-block;width:7.11px"> </div>movements<div style="display:inline-block;width:7.36px"> </div>are<div style="display:inline-block;width:7.18px"> </div>subject<div style="display:inline-block;width:7.56px"> </div>to<div style="display:inline-block;width:7.14px"> </div>estimation<div style="display:inline-block;width:7.82px"> </div>errors,<div style="display:inline-block;width:7.23px"> </div>which<div style="display:inline-block;width:7.77px"> </div>may<div style="display:inline-block;width:6.74px"> </div>result<div style="display:inline-block;width:7.65px"> </div>from<div style="display:inline-block;width:7.08px"> </div>non-linear<div style="display:inline-block;width:8.24px"> </div>risk </div><div id="a36308" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:121.1px;">sensitivities,<div style="display:inline-block;width:5.68px"> </div>and<div style="display:inline-block;width:6.08px"> </div>the<div style="display:inline-block;width:5.72px"> </div>potential<div style="display:inline-block;width:5.29px"> </div>for<div style="display:inline-block;width:5.57px"> </div>actual<div style="display:inline-block;width:5.42px"> </div>volatility<div style="display:inline-block;width:5.69px"> </div>and<div style="display:inline-block;width:6.08px"> </div>correlation<div style="display:inline-block;width:5.65px"> </div>levels<div style="display:inline-block;width:5.31px"> </div>to<div style="display:inline-block;width:5.72px"> </div>differ<div style="display:inline-block;width:5.55px"> </div>from<div style="display:inline-block;width:5.66px"> </div>assumptions<div style="display:inline-block;width:6.22px"> </div>implicit in<div style="display:inline-block;width:7.04px"> </div>VaR </div><div id="a36309" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:138.6px;">calculations. </div><div id="a36312" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:156.1px;">–</div><div id="a36313" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:156px;"> </div><div id="a36314" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:156.1px;">Using a<div style="display:inline-block;width:5.34px"> </div>five-year window<div style="display:inline-block;width:5.59px"> </div>means sudden<div style="display:inline-block;width:5.79px"> </div>increases in market<div style="display:inline-block;width:5.6px"> </div>volatility will<div style="display:inline-block;width:5.12px"> </div>tend not<div style="display:inline-block;width:5.34px"> </div>to increase<div style="display:inline-block;width:5.39px"> </div>VaR as<div style="display:inline-block;width:5.29px"> </div>quickly as<div style="display:inline-block;width:5.15px"> </div>the </div><div id="a36317" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:173.1px;">use of<div style="display:inline-block;width:5.13px"> </div>shorter historical<div style="display:inline-block;width:5.4px"> </div>observation periods,<div style="display:inline-block;width:6.05px"> </div>but such<div style="display:inline-block;width:5.34px"> </div>increases will<div style="display:inline-block;width:5.18px"> </div>affect VaR<div style="display:inline-block;width:5.29px"> </div>for a<div style="display:inline-block;width:5.2px"> </div>longer period<div style="display:inline-block;width:5.53px"> </div>of time.<div style="display:inline-block;width:5.05px"> </div>Similarly, </div><div id="a36318" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:190.6px;">after periods of increased volatility,<div style="display:inline-block;width:5.32px"> </div>as markets stabilize, VaR<div style="display:inline-block;width:5.25px"> </div>predictions will remain<div style="display:inline-block;width:5.61px"> </div>more conservative for a period<div style="display:inline-block;width:5.43px"> </div>of </div><div id="a36320" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:208.2px;">time influenced by the length of<div style="display:inline-block;width:5.06px"> </div>the historical observation period.<div style="display:inline-block;width:5.2px"> </div></div><div id="a36322" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:223.8px;"> </div><div id="a36323" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:238.9px;">SVaR is subject<div style="display:inline-block;width:5.29px"> </div>to the limitations noted<div style="display:inline-block;width:5.17px"> </div>for VaR above,<div style="display:inline-block;width:5.08px"> </div>but the use of on<div style="display:inline-block;width:1.67px"> </div>e-year data sets avoids the smoothing<div style="display:inline-block;width:6.05px"> </div>effect of </div><div id="a36327" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:254px;">the five-year data<div style="display:inline-block;width:2.21px"> </div>set used for VaR and the absence<div style="display:inline-block;width:1.99px"> </div>of the five-year window gives<div style="display:inline-block;width:2.28px"> </div>a longer history<div style="display:inline-block;width:1.82px"> </div>of potential loss events. </div><div id="a36332" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:269.6px;">Therefore, although<div style="display:inline-block;width:6.59px"> </div>the significant<div style="display:inline-block;width:5.19px"> </div>period of<div style="display:inline-block;width:5.23px"> </div>stress during<div style="display:inline-block;width:5.94px"> </div>the 2007<div style="display:inline-block;width:1.69px"> </div>–2009<div style="display:inline-block;width:5.06px"> </div>financial crisis<div style="display:inline-block;width:5.09px"> </div>is no<div style="display:inline-block;width:5.18px"> </div>longer<div style="display:inline-block;width:5.08px"> </div>contained in<div style="display:inline-block;width:5.28px"> </div>the </div><div id="a36337" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:284.8px;">historical five-year period used for management and regulatory<div style="display:inline-block;width:2.21px"> </div>VaR, SVaR continues to use that data. This approach aims </div><div id="a36340" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:300.4px;">to reduce the procyclicality of the<div style="display:inline-block;width:5.11px"> </div>regulatory capital<div style="display:inline-block;width:5.02px"> </div>requirements for market risks. </div><div id="a36342" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:323.1px;">We recognize<div style="display:inline-block;width:6.06px"> </div>that no<div style="display:inline-block;width:6.08px"> </div>single measure<div style="display:inline-block;width:6.68px"> </div>can encompass<div style="display:inline-block;width:6.13px"> </div>all risks<div style="display:inline-block;width:6.36px"> </div>associated<div style="display:inline-block;width:5.24px"> </div>with a<div style="display:inline-block;width:5.83px"> </div>position<div style="display:inline-block;width:5.23px"> </div>or portfolio.<div style="display:inline-block;width:6.07px"> </div>We use<div style="display:inline-block;width:6.07px"> </div>a set<div style="display:inline-block;width:6.15px"> </div>of </div><div id="a36345" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:338.2px;">metrics with<div style="display:inline-block;width:7px"> </div>both<div style="display:inline-block;width:5.66px"> </div>overlapping<div style="display:inline-block;width:5.65px"> </div>and<div style="display:inline-block;width:5.61px"> </div>complementary<div style="display:inline-block;width:5.63px"> </div>characteristics<div style="display:inline-block;width:5.97px"> </div>to<div style="display:inline-block;width:5.25px"> </div>create<div style="display:inline-block;width:5.41px"> </div>a<div style="display:inline-block;width:5.2px"> </div>holistic<div style="display:inline-block;width:5.93px"> </div>framework<div style="display:inline-block;width:5.84px"> </div>that<div style="display:inline-block;width:5.1px"> </div>aims<div style="display:inline-block;width:5.47px"> </div>to<div style="display:inline-block;width:5.25px"> </div>ensure </div><div id="a36346" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:353.4px;">material completeness of risk<div style="display:inline-block;width:5.25px"> </div>identification and<div style="display:inline-block;width:5.09px"> </div>measurement. As a<div style="display:inline-block;width:5.32px"> </div>statistical aggregate risk<div style="display:inline-block;width:5.34px"> </div>measure, VaR<div style="display:inline-block;width:5.06px"> </div>supplements </div><div id="a36348" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:369px;">our liquidity-adjusted stress and comprehensive<div style="display:inline-block;width:5.33px"> </div>stress testing frameworks. </div><div id="a36352" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:391.7px;">We also have a framework to identify and<div style="display:inline-block;width:5.47px"> </div>quantify potential risks not fully captured<div style="display:inline-block;width:5.4px"> </div>by our VaR model<div style="display:inline-block;width:5.25px"> </div>and refer to such </div><div id="a36354" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:406.9px;">risks as risks<div style="display:inline-block;width:5.14px"> </div>not in<div style="display:inline-block;width:5.18px"> </div>VaR. The<div style="display:inline-block;width:5.55px"> </div>framework underpins<div style="display:inline-block;width:5.33px"> </div>these potential<div style="display:inline-block;width:5.02px"> </div>risks with regulatory<div style="display:inline-block;width:5.85px"> </div>capital, calculated<div style="display:inline-block;width:5.16px"> </div>as a multiple </div><div id="a36355" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:422.5px;">of regulatory VaR and<div style="display:inline-block;width:5.04px"> </div>stressed VaR.</div></div><div id="TextBlockContainer70" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:44px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a36492_1_111" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:43.716px;top:0px;">In the fourth<div style="display:inline-block;width:5.7px"> </div>quarter of 2022,<div style="display:inline-block;width:5.94px"> </div>we made an<div style="display:inline-block;width:5.29px"> </div>upgrade to<div style="display:inline-block;width:5.07px"> </div>our credit spread<div style="display:inline-block;width:6.03px"> </div>factor model,<div style="display:inline-block;width:5.1px"> </div>in which<div style="display:inline-block;width:5.13px"> </div>we significantly </div><div id="a36496" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">increased the<div style="display:inline-block;width:6.06px"> </div>coverage<div style="display:inline-block;width:5.05px"> </div>of single<div style="display:inline-block;width:1.47px"> </div>-name-issuer bond<div style="display:inline-block;width:6.85px"> </div>spread curves.</div><div id="a36501" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:383.925px;top:15px;">  </div><div id="a36502" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:389.605px;top:15.1px;">The resulting<div style="display:inline-block;width:6.36px"> </div>RWA<div style="display:inline-block;width:5.37px"> </div>decrease was<div style="display:inline-block;width:6.07px"> </div>offset by<div style="display:inline-block;width:5.96px"> </div>an RWA </div><div id="a36504" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.3px;">increase arising from the introduction<div style="display:inline-block;width:5.88px"> </div>of a FINMA-agreed temporary<div style="display:inline-block;width:5.25px"> </div>measure.</div></div><div id="TextBlockContainer72" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:236px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a36601" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:42.297px;top:0px;">Interest rate risk<div style="display:inline-block;width:5.77px"> </div>in the banking<div style="display:inline-block;width:6.26px"> </div>book (IRRBB)<div style="display:inline-block;width:6.01px"> </div>arises from balance<div style="display:inline-block;width:5.89px"> </div>sheet positions<div style="display:inline-block;width:5.95px"> </div>such as<div style="display:inline-block;width:5.23px"> </div>Loans and<div style="display:inline-block;width:5.49px"> </div>advances to </div><div id="a36607" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">banks, Loans and<div style="display:inline-block;width:5.2px"> </div>advances to customers, Financial assets<div style="display:inline-block;width:5.34px"> </div>at fair value not held<div style="display:inline-block;width:5.03px"> </div>for trading,<div style="display:inline-block;width:5.03px"> </div>Financial assets measured at </div><div id="a36608" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.7px;">amortized cost, Customer deposits,<div style="display:inline-block;width:5.38px"> </div>Debt issued measured<div style="display:inline-block;width:5.45px"> </div>at amortized cost,<div style="display:inline-block;width:5.63px"> </div>and derivatives, including<div style="display:inline-block;width:5.27px"> </div>those subject to </div><div id="a36610" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.3px;">hedge<div style="display:inline-block;width:5.34px"> </div>accounting.<div style="display:inline-block;width:5.24px"> </div>Fair value<div style="display:inline-block;width:5.22px"> </div>changes<div style="display:inline-block;width:5.18px"> </div>to these<div style="display:inline-block;width:5.93px"> </div>positions<div style="display:inline-block;width:5.27px"> </div>may affect<div style="display:inline-block;width:5.95px"> </div>other<div style="display:inline-block;width:5.3px"> </div>comprehensive<div style="display:inline-block;width:5.48px"> </div>income (OCI)<div style="display:inline-block;width:6.35px"> </div>or the<div style="display:inline-block;width:5.88px"> </div>income </div><div id="a36612" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">statement, depending on<div style="display:inline-block;width:5.25px"> </div>their accounting treatment. </div><div id="a36613" style="position:absolute;font-family:'Frutiger';font-size:8.039px;font-weight:bold;font-style:normal;color:#DBAA35;left:312.485px;top:66px;"> </div><div id="a36614" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:84.7px;">Our largest<div style="display:inline-block;width:5.56px"> </div>banking<div style="display:inline-block;width:5.43px"> </div>book interest<div style="display:inline-block;width:5.84px"> </div>rate exposures<div style="display:inline-block;width:6.06px"> </div>arise from<div style="display:inline-block;width:5.55px"> </div>customer deposits<div style="display:inline-block;width:6.02px"> </div>and lending<div style="display:inline-block;width:6.31px"> </div>products in<div style="display:inline-block;width:5.99px"> </div>Global Wealth </div><div id="a36616" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:100.3px;">Management and Personal &amp; Corporate Banking, as well as from debt issuance, liquidity buffers and interest rate hedges </div><div id="a36619" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:115.4px;">in Group Treasury. The inherent interest rate risks stemming from Global Wealth Management and<div style="display:inline-block;width:5.35px"> </div>Personal &amp; Corporate </div><div id="a36620" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:131px;">Banking are<div style="display:inline-block;width:5.18px"> </div>generally transferred<div style="display:inline-block;width:5.07px"> </div>to Group<div style="display:inline-block;width:5.47px"> </div>Treasury, to manage<div style="display:inline-block;width:5.55px"> </div>them centrally together<div style="display:inline-block;width:5.78px"> </div>with our<div style="display:inline-block;width:5.16px"> </div>modeled interest<div style="display:inline-block;width:5.11px"> </div>rate </div><div id="a36626" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:146.2px;">duration assigned to equity,<div style="display:inline-block;width:2.45px"> </div>goodwill and real estate. This makes the netting of interest rate risks across different sources </div><div id="a36632" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:161.8px;">possible,<div style="display:inline-block;width:3.94px"> </div>while leaving the<div style="display:inline-block;width:2.28px"> </div>originating businesses with commercial<div style="display:inline-block;width:2.24px"> </div>margin and volume management. The residual interest </div><div id="a36635" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:176.9px;">rate risk is mainly hedged with interest rate swaps, to the vast majority of which we apply hedge accounting.<div style="display:inline-block;width:5.4px"> </div>Short-term </div><div id="a36638" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:192.1px;">exposures and most of<div style="display:inline-block;width:2.25px"> </div>our HQLA classified<div style="display:inline-block;width:2.11px"> </div>as Financial assets<div style="display:inline-block;width:2.33px"> </div>at fair value not<div style="display:inline-block;width:2.26px"> </div>held for<div style="display:inline-block;width:2.19px"> </div>trading are hedged with derivatives </div><div id="a36645" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:207.7px;">accounted for on a mark-to-market basis. Long-term fixed-rate debt issued<div style="display:inline-block;width:5.35px"> </div>and HQLA hedged with external interest rate </div><div id="a36657" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:222.8px;">swaps are designated<div style="display:inline-block;width:5.08px"> </div>in fair value hedge accounting<div style="display:inline-block;width:4.93px"> </div>relationships. </div></div><div id="TextBlockContainer74" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:696px;height:575px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a36698" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Risk management and governance </div><div id="a36700" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">IRRBB is measured<div style="display:inline-block;width:5.03px"> </div>using several metrics, the most relevant of which<div style="display:inline-block;width:5.53px"> </div>are the following. </div><div id="a36702" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.7px;">–</div><div id="a36703" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:30.6px;"> </div><div id="a36704" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:30.7px;">Economic value of<div style="display:inline-block;width:5.3px"> </div>equity (EVE) sensitivity<div style="display:inline-block;width:5.26px"> </div>to yield curve<div style="display:inline-block;width:5.53px"> </div>moves is calculated<div style="display:inline-block;width:5.42px"> </div>as changes in<div style="display:inline-block;width:5.54px"> </div>the present value<div style="display:inline-block;width:5.27px"> </div>of future </div><div id="a36709" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:45.9px;">cash<div style="display:inline-block;width:5.76px"> </div>flows<div style="display:inline-block;width:5.77px"> </div>irrespective<div style="display:inline-block;width:6.04px"> </div>of<div style="display:inline-block;width:5.72px"> </div>accounting<div style="display:inline-block;width:6.5px"> </div>treatment.<div style="display:inline-block;width:6.09px"> </div>They<div style="display:inline-block;width:5.67px"> </div>are<div style="display:inline-block;width:6.23px"> </div>also<div style="display:inline-block;width:5.82px"> </div>the<div style="display:inline-block;width:5.72px"> </div>key<div style="display:inline-block;width:5.95px"> </div>risk<div style="display:inline-block;width:5.94px"> </div>factors<div style="display:inline-block;width:6.21px"> </div>for<div style="display:inline-block;width:5.57px"> </div>statistical<div style="display:inline-block;width:5.74px"> </div>and<div style="display:inline-block;width:6.08px"> </div>stress-based </div><div id="a36715" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:61.5px;">measures,<div style="display:inline-block;width:4.18px"> </div>e.g., value-at-risk and stress scenarios,<div style="display:inline-block;width:5.24px"> </div>as well as the regulatory interest rate scenarios.<div style="display:inline-block;width:5.03px"> </div>These are measured </div><div id="a36728" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:76.6px;">and<div style="display:inline-block;width:5.61px"> </div>reported<div style="display:inline-block;width:5.12px"> </div>daily.<div style="display:inline-block;width:5.43px"> </div>The<div style="display:inline-block;width:5.4px"> </div>regulatory<div style="display:inline-block;width:5.28px"> </div>IRRBB<div style="display:inline-block;width:5.43px"> </div>EVE<div style="display:inline-block;width:5.15px"> </div>exposure<div style="display:inline-block;width:5.74px"> </div>is<div style="display:inline-block;width:5.15px"> </div>the<div style="display:inline-block;width:5.25px"> </div>most<div style="display:inline-block;width:5.15px"> </div>adverse<div style="display:inline-block;width:5.1px"> </div>regulatory interest<div style="display:inline-block;width:6.26px"> </div>rate<div style="display:inline-block;width:5.37px"> </div>scenario<div style="display:inline-block;width:5.67px"> </div>that<div style="display:inline-block;width:5.1px"> </div>is </div><div id="a36730" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:91.8px;">netted<div style="display:inline-block;width:5.77px"> </div>across<div style="display:inline-block;width:5.86px"> </div>currencies.<div style="display:inline-block;width:5.75px"> </div>It<div style="display:inline-block;width:5.42px"> </div>excludes<div style="display:inline-block;width:6.09px"> </div>the<div style="display:inline-block;width:5.72px"> </div>sensitivity<div style="display:inline-block;width:5.9px"> </div>from<div style="display:inline-block;width:5.66px"> </div>additional<div style="display:inline-block;width:6.02px"> </div>tier 1<div style="display:inline-block;width:6.21px"> </div>(AT1)<div style="display:inline-block;width:6.19px"> </div>capital instruments<div style="display:inline-block;width:7.3px"> </div>(as<div style="display:inline-block;width:5.83px"> </div>per<div style="display:inline-block;width:5.72px"> </div>specific </div><div id="a36735" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:107.4px;">FINMA requirements)<div style="display:inline-block;width:6.35px"> </div>and<div style="display:inline-block;width:5.22px"> </div>the modeled<div style="display:inline-block;width:6.22px"> </div>interest rate<div style="display:inline-block;width:5.42px"> </div>duration<div style="display:inline-block;width:5.6px"> </div>assigned<div style="display:inline-block;width:5.33px"> </div>to equity,<div style="display:inline-block;width:5.67px"> </div>goodwill and<div style="display:inline-block;width:6.31px"> </div>real estate.<div style="display:inline-block;width:5.61px"> </div>UBS<div style="display:inline-block;width:5.08px"> </div>also </div><div id="a36739" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:122.5px;">applies granular internal interest rate shock<div style="display:inline-block;width:5.21px"> </div>scenarios to its banking<div style="display:inline-block;width:5.16px"> </div>book positions to monitor its specific risk profile.<div style="display:inline-block;width:5.94px"> </div></div><div id="a36742" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:138.2px;">–</div><div id="a36743" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:138px;"> </div><div id="a36744" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:138.2px;">Net<div style="display:inline-block;width:5.2px"> </div>interest<div style="display:inline-block;width:5.13px"> </div>income<div style="display:inline-block;width:5.15px"> </div>(NII)<div style="display:inline-block;width:5.36px"> </div>sensitivities<div style="display:inline-block;width:5.1px"> </div>to<div style="display:inline-block;width:5.25px"> </div>yield curve<div style="display:inline-block;width:6.35px"> </div>moves<div style="display:inline-block;width:5.1px"> </div>are<div style="display:inline-block;width:5.29px"> </div>calculated<div style="display:inline-block;width:5.31px"> </div>as<div style="display:inline-block;width:5.25px"> </div>changes<div style="display:inline-block;width:5.66px"> </div>of<div style="display:inline-block;width:5.25px"> </div>baseline NII<div style="display:inline-block;width:6.44px"> </div>over<div style="display:inline-block;width:5.05px"> </div>a<div style="display:inline-block;width:5.2px"> </div>set<div style="display:inline-block;width:5.1px"> </div>time </div><div id="a36746" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:153.3px;">horizon, which<div style="display:inline-block;width:5.49px"> </div>we internally compute<div style="display:inline-block;width:5.43px"> </div>by assuming<div style="display:inline-block;width:5.28px"> </div>interest rates in<div style="display:inline-block;width:5.65px"> </div>all currencies<div style="display:inline-block;width:5.45px"> </div>develop according<div style="display:inline-block;width:5.52px"> </div>to their market-</div><div id="a36748" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:168.9px;">implied forward rates and assuming<div style="display:inline-block;width:5.49px"> </div>constant business volumes and<div style="display:inline-block;width:5.29px"> </div>no specific management actions.<div style="display:inline-block;width:5.46px"> </div>The sensitivities </div><div id="a36751" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:184px;">are<div style="display:inline-block;width:7.18px"> </div>measured<div style="display:inline-block;width:7.48px"> </div>and<div style="display:inline-block;width:7.5px"> </div>reported<div style="display:inline-block;width:7.48px"> </div>monthly.<div style="display:inline-block;width:7.46px"> </div>Our<div style="display:inline-block;width:7.04px"> </div>Pillar 3<div style="display:inline-block;width:7.59px"> </div>disclosure<div style="display:inline-block;width:7.47px"> </div>(as<div style="display:inline-block;width:7.25px"> </div>per<div style="display:inline-block;width:7.14px"> </div>specific<div style="display:inline-block;width:7.52px"> </div>FINMA<div style="display:inline-block;width:7.62px"> </div>requirements)<div style="display:inline-block;width:7.61px"> </div>excludes<div style="display:inline-block;width:7.04px"> </div>the </div><div id="a36754" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:199.2px;">contribution from cash held at central banks. </div><div id="a36756" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:222.4px;">We actively<div style="display:inline-block;width:6.27px"> </div>manage IRRBB<div style="display:inline-block;width:2.11px"> </div>,<div style="display:inline-block;width:4.83px"> </div>with the<div style="display:inline-block;width:5.88px"> </div>aim of<div style="display:inline-block;width:5.57px"> </div>reducing<div style="display:inline-block;width:5.32px"> </div>the volatility<div style="display:inline-block;width:5.98px"> </div>of<div style="display:inline-block;width:5.25px"> </div>NII subject<div style="display:inline-block;width:6.19px"> </div>to<div style="display:inline-block;width:5.25px"> </div>limits and<div style="display:inline-block;width:6.18px"> </div>triggers<div style="display:inline-block;width:5.09px"> </div>for EVE<div style="display:inline-block;width:5.63px"> </div>and<div style="display:inline-block;width:5.13px"> </div>NII </div><div id="a36764" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:237.5px;">exposure at consolidated and<div style="display:inline-block;width:5.38px"> </div>significant legal entity levels. </div><div id="a36766" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:260.2px;">The Group Asset and Liability Committee (ALCO) and, where relevant, ALCOs at a legal entity level perform independent </div><div id="a36767" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:275.3px;">oversight over the management of IRRBB,<div style="display:inline-block;width:5.78px"> </div>which is also subject to Group<div style="display:inline-block;width:5.23px"> </div>Internal Audit and model governance. </div><div id="a36771" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:290.4px;">›</div><div id="a36772" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:290.6px;"> </div><div id="a36773" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:295.2px;">Refer to “Group Internal<div style="display:inline-block;width:0.55px"> </div>Audit” in the “Corporate<div style="display:inline-block;width:0.85px"> </div>governance”<div style="display:inline-block;width:1.42px"> </div>section of this report<div style="display:inline-block;width:1.07px"> </div>and to “Risk measurement”<div style="display:inline-block;width:0.72px"> </div>in this section for </div><div id="a36775" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:310.4px;">more information </div><div id="a36777" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:331.2px;">Key modeling assumptions </div><div id="a36780" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:346.3px;">The cash<div style="display:inline-block;width:5.08px"> </div>flows from<div style="display:inline-block;width:5.86px"> </div>customer deposits<div style="display:inline-block;width:5.54px"> </div>and lending<div style="display:inline-block;width:6.31px"> </div>products used<div style="display:inline-block;width:5.88px"> </div>in calculation<div style="display:inline-block;width:5.14px"> </div>of EVE<div style="display:inline-block;width:5.31px"> </div>sensitivity exclude<div style="display:inline-block;width:5.9px"> </div>commercial </div><div id="a36781" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:361.4px;">margins and<div style="display:inline-block;width:6.23px"> </div>other spread<div style="display:inline-block;width:5.94px"> </div>components, are<div style="display:inline-block;width:6.05px"> </div>aggregated by<div style="display:inline-block;width:6.05px"> </div>daily time<div style="display:inline-block;width:5.16px"> </div>buckets and<div style="display:inline-block;width:6.28px"> </div>are discounted<div style="display:inline-block;width:5.99px"> </div>using risk-free<div style="display:inline-block;width:5.81px"> </div>rates. </div><div id="a36784" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:376.6px;">Our external issuances are discounted using UBS’s senior debt curve, and capital instruments are modeled to the first call </div><div id="a36786" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:392.2px;">date. NII sensitivity,<div style="display:inline-block;width:7.05px"> </div>which includes<div style="display:inline-block;width:5.75px"> </div>commercial<div style="display:inline-block;width:5.04px"> </div>margins, is<div style="display:inline-block;width:5.4px"> </div>calculated over<div style="display:inline-block;width:5.26px"> </div>a one-year<div style="display:inline-block;width:5.96px"> </div>time horizon,<div style="display:inline-block;width:5.82px"> </div>assuming constant </div><div id="a36789" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:407.3px;">balance sheet structure and<div style="display:inline-block;width:5.05px"> </div>volumes, and considers embedded<div style="display:inline-block;width:5.59px"> </div>interest rate options. </div><div id="a36793" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:431px;">The average<div style="display:inline-block;width:2.04px"> </div>repricing maturity of<div style="display:inline-block;width:2.03px"> </div>non-maturing deposits and loans is<div style="display:inline-block;width:1.71px"> </div>determined via<div style="display:inline-block;width:2.2px"> </div>target replication portfolios<div style="display:inline-block;width:2.06px"> </div>designed </div><div id="a36796" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:446.1px;">to protect<div style="display:inline-block;width:2.03px"> </div>product margins. Optimal replicating portfolios<div style="display:inline-block;width:1.85px"> </div>are determined at<div style="display:inline-block;width:2.08px"> </div>granular currency-<div style="display:inline-block;width:3.04px"> </div>and product-specific levels </div><div id="a36803" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:461.3px;">by simulating and applying a<div style="display:inline-block;width:5.04px"> </div>real-world market rate model to historically<div style="display:inline-block;width:5.06px"> </div>calibrated client rate and volume models. </div><div id="a36807" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:484.9px;">We use<div style="display:inline-block;width:5.12px"> </div>an econometric<div style="display:inline-block;width:5.62px"> </div>prepayment model<div style="display:inline-block;width:5.64px"> </div>to forecast<div style="display:inline-block;width:5.66px"> </div>prepayment rates<div style="display:inline-block;width:5.71px"> </div>on US<div style="display:inline-block;width:5.39px"> </div>mortgage loans<div style="display:inline-block;width:5.8px"> </div>in UBS<div style="display:inline-block;width:5.64px"> </div>Bank USA<div style="display:inline-block;width:5.54px"> </div>and </div><div id="a36810" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:500px;">agency mortgage-backed securities (MBSs) held in various liquidity portfolios of UBS Americas Holding LLC consolidated. </div><div id="a36813" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:515.7px;">These<div style="display:inline-block;width:5.93px"> </div>prepayment<div style="display:inline-block;width:5.86px"> </div>rates<div style="display:inline-block;width:5.89px"> </div>are<div style="display:inline-block;width:5.76px"> </div>used<div style="display:inline-block;width:6.13px"> </div>to<div style="display:inline-block;width:5.72px"> </div>forecast<div style="display:inline-block;width:5.5px"> </div>both<div style="display:inline-block;width:6.13px"> </div>mortgage<div style="display:inline-block;width:5.82px"> </div>loan<div style="display:inline-block;width:5.98px"> </div>and<div style="display:inline-block;width:6.08px"> </div>MBS<div style="display:inline-block;width:5.93px"> </div>balances<div style="display:inline-block;width:5.82px"> </div>under<div style="display:inline-block;width:6.13px"> </div>various<div style="display:inline-block;width:5.67px"> </div>macroeconomic </div><div id="a36814" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:530.8px;">scenarios.<div style="display:inline-block;width:5.35px"> </div>The<div style="display:inline-block;width:5.47px"> </div>prepayment<div style="display:inline-block;width:5.39px"> </div>model<div style="display:inline-block;width:5.35px"> </div>is<div style="display:inline-block;width:5.15px"> </div>used<div style="display:inline-block;width:5.66px"> </div>for<div style="display:inline-block;width:5.1px"> </div>a<div style="display:inline-block;width:5.2px"> </div>variety<div style="display:inline-block;width:5.33px"> </div>of<div style="display:inline-block;width:5.25px"> </div>purposes,<div style="display:inline-block;width:6.06px"> </div>including<div style="display:inline-block;width:5.7px"> </div>risk management<div style="display:inline-block;width:6.66px"> </div>and<div style="display:inline-block;width:5.61px"> </div>regulatory<div style="display:inline-block;width:5.28px"> </div>stress </div><div id="a36817" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:546px;">testing. Swiss mortgages and fixed-term<div style="display:inline-block;width:5.24px"> </div>deposits generally do not<div style="display:inline-block;width:5.04px"> </div>carry similar optionality, due to<div style="display:inline-block;width:5.15px"> </div>prepayment and early </div><div id="a36820" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:561.6px;">redemption penalties.</div></div><div id="TextBlockContainer76" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:420px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a37109_1_108" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:43.242px;top:0px;">The EVE<div style="display:inline-block;width:5.02px"> </div>sensitivity in the<div style="display:inline-block;width:5.31px"> </div>banking book<div style="display:inline-block;width:5.67px"> </div>to a +1-basis-point<div style="display:inline-block;width:5.68px"> </div>parallel shift in<div style="display:inline-block;width:5.08px"> </div>yield curves was<div style="display:inline-block;width:5.52px"> </div>negative USD </div><div id="a37109_109_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:648.912px;top:0px;">25.0</div><div id="a37109_113_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:674.922px;top:0px;">m </div><div id="a37120" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">as<div style="display:inline-block;width:5.72px"> </div>of<div style="display:inline-block;width:5.72px"> </div>31 December<div style="display:inline-block;width:5.59px"> </div>2022,<div style="display:inline-block;width:6.12px"> </div>compared<div style="display:inline-block;width:6.01px"> </div>with<div style="display:inline-block;width:5.25px"> </div>negative<div style="display:inline-block;width:5.62px"> </div>USD </div><div id="a37120_51_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:335.178px;top:15.1px;">29.9</div><div id="a37120_55_51" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:361.188px;top:15.1px;">m<div style="display:inline-block;width:5.52px"> </div>as<div style="display:inline-block;width:5.32px"> </div>of<div style="display:inline-block;width:5.72px"> </div>31 December<div style="display:inline-block;width:6.07px"> </div>2021,<div style="display:inline-block;width:5.68px"> </div>the<div style="display:inline-block;width:5.72px"> </div>change<div style="display:inline-block;width:5.61px"> </div>predominantly </div><div id="a37134" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.7px;">driven by<div style="display:inline-block;width:5.25px"> </div>rising market<div style="display:inline-block;width:5.41px"> </div>rates.<div style="display:inline-block;width:4.67px"> </div>This exclude<div style="display:inline-block;width:1.63px"> </div>s<div style="display:inline-block;width:4.31px"> </div>the sensitivity<div style="display:inline-block;width:5.58px"> </div>of USD 3.<div style="display:inline-block;width:1.41px"> </div>4m<div style="display:inline-block;width:4.34px"> </div>from additional<div style="display:inline-block;width:6.1px"> </div>tier 1 (AT1)<div style="display:inline-block;width:6.72px"> </div>capital instruments </div><div id="a37145" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.9px;">(as per specific FINMA requirements)<div style="display:inline-block;width:5.4px"> </div>in contrast to general Basel Committee<div style="display:inline-block;width:5.12px"> </div>on Banking Supervision<div style="display:inline-block;width:5.39px"> </div>(BCBS) guidance. </div><div id="a37147" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:69.5px;">The majority of<div style="display:inline-block;width:5.47px"> </div>our interest<div style="display:inline-block;width:5.96px"> </div>rate risk in<div style="display:inline-block;width:5.6px"> </div>the banking<div style="display:inline-block;width:5.59px"> </div>book is<div style="display:inline-block;width:5.47px"> </div>a reflection<div style="display:inline-block;width:5.08px"> </div>of the net<div style="display:inline-block;width:5.56px"> </div>asset duration<div style="display:inline-block;width:5.65px"> </div>that we run<div style="display:inline-block;width:5.66px"> </div>to offset </div><div id="a37151" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:84.7px;">our modeled<div style="display:inline-block;width:6.38px"> </div>sensitivity of<div style="display:inline-block;width:5.58px"> </div>net USD </div><div id="a37151_35_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:209.805px;top:84.7px;">19.6</div><div id="a37151_39_25" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:236.312px;top:84.7px;">m (31 December<div style="display:inline-block;width:5.62px"> </div>2021:<div style="display:inline-block;width:5.64px"> </div>USD </div><div id="a37151_64_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:402.872px;top:84.7px;">22.1</div><div id="a37151_68_45" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:428.881px;top:84.7px;">m) assigned<div style="display:inline-block;width:5.93px"> </div>to our<div style="display:inline-block;width:6.08px"> </div>equity,<div style="display:inline-block;width:5.99px"> </div>goodwill and<div style="display:inline-block;width:6.31px"> </div>real </div><div id="a37162" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.8px;">estate, with the aim of generating a stable NII contribution. Of this, USD </div><div id="a37162_75_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:415.645px;top:99.8px;">14.0</div><div id="a37162_79_10" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:442.128px;top:99.8px;">m and USD </div><div id="a37162_89_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:509.338px;top:99.8px;">4.8</div><div id="a37162_92_29" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:528.254px;top:99.8px;">m are attributable to the US </div><div id="a37172" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:115.4px;">dollar and the Swiss franc portfolios, respectively<div style="display:inline-block;width:5.3px"> </div>(31 December 2021:<div style="display:inline-block;width:5.93px"> </div>USD </div><div id="a37172_75_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:434.552px;top:115.4px;">15.6</div><div id="a37172_79_10" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:460.562px;top:115.4px;">m and USD </div><div id="a37172_89_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:528.725px;top:115.4px;">5.5</div><div id="a37172_92_18" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:547.168px;top:115.4px;">m, respectively). </div><div id="a37180" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:138.6px;">In addition<div style="display:inline-block;width:6.32px"> </div>to the<div style="display:inline-block;width:5.88px"> </div>sensitivity mentioned<div style="display:inline-block;width:5.93px"> </div>above,<div style="display:inline-block;width:5.04px"> </div>we calculate<div style="display:inline-block;width:5.32px"> </div>the six<div style="display:inline-block;width:5.57px"> </div>interest rate<div style="display:inline-block;width:5.87px"> </div>shock<div style="display:inline-block;width:5.3px"> </div>scenarios prescribed<div style="display:inline-block;width:6.13px"> </div>by FINMA. </div><div id="a37183" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:154.2px;">The “Parallel<div style="display:inline-block;width:5.72px"> </div>up”<div style="display:inline-block;width:5.34px"> </div>scenario, assuming<div style="display:inline-block;width:6.32px"> </div>all positions<div style="display:inline-block;width:5.64px"> </div>were fair<div style="display:inline-block;width:5.56px"> </div>valued, was<div style="display:inline-block;width:6.14px"> </div>the most<div style="display:inline-block;width:5.3px"> </div>severe and<div style="display:inline-block;width:5.64px"> </div>would have<div style="display:inline-block;width:5.91px"> </div>resulted in<div style="display:inline-block;width:5.69px"> </div>a </div><div id="a37184" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:169.4px;">change in EVE of<div style="display:inline-block;width:1.76px"> </div>negative USD </div><div id="a37184_30_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:181.872px;top:169.4px;">4.6</div><div id="a37184_33_7" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:200.315px;top:169.4px;">bn, or </div><div id="a37184_40_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:236.729px;top:169.4px;">7.9</div><div id="a37184_43_57" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:255.645px;top:169.4px;">%, of<div style="display:inline-block;width:2.15px"> </div>our tier 1 capital (31 December<div style="display:inline-block;width:2.14px"> </div>2021: negative USD </div><div id="a37184_100_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:584.565px;top:169.4px;">6.0</div><div id="a37184_103_7" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:603.008px;top:169.4px;">bn, or </div><div id="a37184_110_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:639.422px;top:169.4px;">10.0</div><div id="a37184_114_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:665.432px;top:169.4px;">%), </div><div id="a37193" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:184.5px;">which is well below<div style="display:inline-block;width:5.05px"> </div>the </div><div id="a37193_24_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:142.552px;top:184.5px;">15</div><div id="a37193_26_98" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:157.685px;top:184.5px;">% threshold as per the<div style="display:inline-block;width:5.03px"> </div>BCBS supervisory outlier<div style="display:inline-block;width:5.27px"> </div>test for high<div style="display:inline-block;width:5.08px"> </div>levels of interest rate<div style="display:inline-block;width:5.17px"> </div>risk in the </div><div id="a37197" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:200.1px;">banking book.<div style="display:inline-block;width:4.42px"> </div></div><div id="a37199" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:222.8px;">The immediate effect on our tier 1 capital in the “Parallel up” scenario as of 31<div style="display:inline-block;width:5.06px"> </div>December 2022 would have been only a </div><div id="a37203" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:238px;">decrease of USD </div><div id="a37203_16_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:101.912px;top:238px;">0.4</div><div id="a37203_19_7" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:120.828px;top:238px;">bn, or </div><div id="a37203_26_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:159.133px;top:238px;">0.6</div><div id="a37203_29_25" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:178.049px;top:238px;">% (31 December 2021: USD </div><div id="a37203_54_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:344.205px;top:238px;">1.1</div><div id="a37203_57_7" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:363.121px;top:238px;">bn, or </div><div id="a37203_64_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:400.953px;top:238px;">1.8</div><div id="a37203_67_50" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:419.869px;top:238px;">%), reflecting the fact that<div style="display:inline-block;width:5.03px"> </div>the vast majority of </div><div id="a37211" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:253.6px;">our banking<div style="display:inline-block;width:5.32px"> </div>book is accrual<div style="display:inline-block;width:5.03px"> </div>accounted or<div style="display:inline-block;width:5.61px"> </div>subject to hedge<div style="display:inline-block;width:6.06px"> </div>accounting. The<div style="display:inline-block;width:5.02px"> </div>“Parallel up”<div style="display:inline-block;width:5.18px"> </div>scenario would subsequently </div><div id="a37212" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:268.7px;">have a positive effect on NII,<div style="display:inline-block;width:4.8px"> </div>assuming a constant balance sheet. </div><div id="a37217" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:291.4px;">UBS<div style="display:inline-block;width:5.56px"> </div>also<div style="display:inline-block;width:5.35px"> </div>applies granular<div style="display:inline-block;width:6.69px"> </div>internal<div style="display:inline-block;width:5.32px"> </div>interest<div style="display:inline-block;width:5.13px"> </div>rate shock<div style="display:inline-block;width:6.67px"> </div>scenarios<div style="display:inline-block;width:5.24px"> </div>to<div style="display:inline-block;width:5.25px"> </div>its banking<div style="display:inline-block;width:7.22px"> </div>book positions<div style="display:inline-block;width:6.93px"> </div>to<div style="display:inline-block;width:5.25px"> </div>monitor<div style="display:inline-block;width:5.16px"> </div>the<div style="display:inline-block;width:5.25px"> </div>banking </div><div id="a37220" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:306.5px;">book’s specific risk profile.<div style="display:inline-block;width:4.93px"> </div></div><div id="a37223" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:329.7px;">Net interest income sensitivity </div><div id="a37225" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:344.9px;">The main NII<div style="display:inline-block;width:5.57px"> </div>sensitivity in the<div style="display:inline-block;width:5.31px"> </div>banking<div style="display:inline-block;width:5.02px"> </div>book resides<div style="display:inline-block;width:5.72px"> </div>in Global<div style="display:inline-block;width:5.02px"> </div>Wealth Management<div style="display:inline-block;width:5.16px"> </div>and Personal<div style="display:inline-block;width:5.43px"> </div>&amp; Corporate Banking. </div><div id="a37231" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:360px;">Our<div style="display:inline-block;width:5.15px"> </div>investment of<div style="display:inline-block;width:6.52px"> </div>equity<div style="display:inline-block;width:5.18px"> </div>portfolio<div style="display:inline-block;width:5.34px"> </div>has<div style="display:inline-block;width:5.45px"> </div>a long<div style="display:inline-block;width:6.28px"> </div>duration<div style="display:inline-block;width:5.22px"> </div>and<div style="display:inline-block;width:5.13px"> </div>Group<div style="display:inline-block;width:5.32px"> </div>Treasury<div style="display:inline-block;width:6.4px"> </div>actively<div style="display:inline-block;width:5.18px"> </div>manages<div style="display:inline-block;width:5.5px"> </div>the<div style="display:inline-block;width:5.25px"> </div>residual<div style="display:inline-block;width:5.53px"> </div>IRRBB.<div style="display:inline-block;width:5.07px"> </div>This </div><div id="a37235" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:375.6px;">sensitivity is assessed<div style="display:inline-block;width:5.98px"> </div>using a<div style="display:inline-block;width:5.38px"> </div>number of<div style="display:inline-block;width:5.18px"> </div>scenarios assuming<div style="display:inline-block;width:5.55px"> </div>parallel and non<div style="display:inline-block;width:1.93px"> </div>-parallel shifts in<div style="display:inline-block;width:5.02px"> </div>yield curves, with<div style="display:inline-block;width:5.99px"> </div>various </div><div id="a37239" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:390.8px;">degrees of<div style="display:inline-block;width:5.42px"> </div>severity, and<div style="display:inline-block;width:5.79px"> </div>we have set<div style="display:inline-block;width:5.41px"> </div>and monitor thresholds<div style="display:inline-block;width:6.12px"> </div>for the NII sensitivity<div style="display:inline-block;width:5.15px"> </div>to immediate parallel<div style="display:inline-block;width:5.2px"> </div>shocks of<div style="display:inline-block;width:5.59px"> </div>–200 </div><div id="a37242" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:406.4px;">and +200 basis points under<div style="display:inline-block;width:5.4px"> </div>the assumption of constant balance sheet volume<div style="display:inline-block;width:5.07px"> </div>and structure.</div></div><div id="TextBlockContainer78" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:205px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a37873_1_115" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:42.769px;top:0px;">We make direct investments in a variety of entities and<div style="display:inline-block;width:5.06px"> </div>buy equity holdings in both listed and unlisted<div style="display:inline-block;width:5.04px"> </div>companies, </div><div id="a37876" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">with<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>aim<div style="display:inline-block;width:5.42px"> </div>of<div style="display:inline-block;width:5.25px"> </div>supporting<div style="display:inline-block;width:6.05px"> </div>our<div style="display:inline-block;width:5.45px"> </div>business<div style="display:inline-block;width:5.85px"> </div>activities and<div style="display:inline-block;width:6.63px"> </div>delivering<div style="display:inline-block;width:5.61px"> </div>strategic<div style="display:inline-block;width:5.63px"> </div>value<div style="display:inline-block;width:5.57px"> </div>to<div style="display:inline-block;width:5.25px"> </div>UBS.<div style="display:inline-block;width:5.66px"> </div>This<div style="display:inline-block;width:5.35px"> </div>includes<div style="display:inline-block;width:5.45px"> </div>investments<div style="display:inline-block;width:5.41px"> </div>in </div><div id="a37877" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.3px;">exchange<div style="display:inline-block;width:6.35px"> </div>and<div style="display:inline-block;width:6.55px"> </div>clearing<div style="display:inline-block;width:5.99px"> </div>house<div style="display:inline-block;width:6.8px"> </div>memberships,<div style="display:inline-block;width:6.54px"> </div>as<div style="display:inline-block;width:6.2px"> </div>well<div style="display:inline-block;width:6.04px"> </div>as<div style="display:inline-block;width:6.2px"> </div>minority<div style="display:inline-block;width:6.15px"> </div>investments<div style="display:inline-block;width:6.83px"> </div>in<div style="display:inline-block;width:6.25px"> </div>early-stage<div style="display:inline-block;width:6.75px"> </div>fintechs<div style="display:inline-block;width:6.49px"> </div>and<div style="display:inline-block;width:6.55px"> </div>technology </div><div id="a37886" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.9px;">companies via<div style="display:inline-block;width:6.14px"> </div>UBS<div style="display:inline-block;width:5.08px"> </div>Next.<div style="display:inline-block;width:5.2px"> </div>We<div style="display:inline-block;width:5.24px"> </div>may also<div style="display:inline-block;width:6.52px"> </div>make investments<div style="display:inline-block;width:6.31px"> </div>in<div style="display:inline-block;width:5.3px"> </div>funds<div style="display:inline-block;width:5.23px"> </div>that we<div style="display:inline-block;width:5.78px"> </div>manage<div style="display:inline-block;width:5.45px"> </div>in order<div style="display:inline-block;width:6.21px"> </div>to<div style="display:inline-block;width:5.25px"> </div>fund<div style="display:inline-block;width:5.18px"> </div>or seed<div style="display:inline-block;width:6.08px"> </div>them at </div><div id="a37888" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61px;">inception or to demonstrate that our interests align with those of investors.<div style="display:inline-block;width:5.08px"> </div>We also buy,<div style="display:inline-block;width:5.22px"> </div>and are sometimes required by </div><div id="a37889" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.7px;">agreement to buy,<div style="display:inline-block;width:5.78px"> </div>securities and units from funds<div style="display:inline-block;width:5.34px"> </div>that we have sold to clients. </div><div id="a37893" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.4px;">The<div style="display:inline-block;width:5.88px"> </div>fair<div style="display:inline-block;width:5.74px"> </div>value<div style="display:inline-block;width:5.57px"> </div>of<div style="display:inline-block;width:5.72px"> </div>equity<div style="display:inline-block;width:6.09px"> </div>investments<div style="display:inline-block;width:6.36px"> </div>tends<div style="display:inline-block;width:5.98px"> </div>to<div style="display:inline-block;width:5.72px"> </div>be<div style="display:inline-block;width:5.88px"> </div>influenced<div style="display:inline-block;width:5.92px"> </div>by<div style="display:inline-block;width:6.15px"> </div>factors<div style="display:inline-block;width:5.74px"> </div>specific<div style="display:inline-block;width:6.11px"> </div>to<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:5.72px"> </div>individual<div style="display:inline-block;width:5.86px"> </div>investments.<div style="display:inline-block;width:6.46px"> </div>Equity </div><div id="a37894" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:114.5px;">investments are generally<div style="display:inline-block;width:5.07px"> </div>intended to be held<div style="display:inline-block;width:5.67px"> </div>for the medium or<div style="display:inline-block;width:5.03px"> </div>long term and<div style="display:inline-block;width:5.38px"> </div>may be subject to lock<div style="display:inline-block;width:1.96px"> </div>-up agreements. </div><div id="a37897" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:129.6px;">For these reasons, we generally<div style="display:inline-block;width:2.01px"> </div>do not control these<div style="display:inline-block;width:2.25px"> </div>exposures by using market<div style="display:inline-block;width:1.94px"> </div>risk measures applied to<div style="display:inline-block;width:2.2px"> </div>trading activities. </div><div id="a37899" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:145.3px;">However, such equity investments are subject<div style="display:inline-block;width:5.27px"> </div>to a different range of controls,<div style="display:inline-block;width:5.2px"> </div>including preapproval of new<div style="display:inline-block;width:5.15px"> </div>investments </div><div id="a37900" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:160.4px;">by business<div style="display:inline-block;width:5.48px"> </div>management and Risk<div style="display:inline-block;width:5.64px"> </div>Control, portfolio<div style="display:inline-block;width:5.32px"> </div>and concentration limits,<div style="display:inline-block;width:5.39px"> </div>and regular monitoring<div style="display:inline-block;width:5.92px"> </div>and reporting<div style="display:inline-block;width:5.25px"> </div>to </div><div id="a37902" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:176px;">senior management. They are<div style="display:inline-block;width:5.57px"> </div>also included in<div style="display:inline-block;width:5.11px"> </div>our Group-wide statistical<div style="display:inline-block;width:5.14px"> </div>and stress testing<div style="display:inline-block;width:5.46px"> </div>metrics, which flow<div style="display:inline-block;width:5.05px"> </div>into our </div><div id="a37905" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:191.2px;">risk appetite framework.</div></div><div id="TextBlockContainer80" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:29px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a37946" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">As of<div style="display:inline-block;width:2.25px"> </div>31 December 2022, we held<div style="display:inline-block;width:2.08px"> </div>equity investments<div style="display:inline-block;width:2.15px"> </div>and investment fund units<div style="display:inline-block;width:2px"> </div>totaling USD </div><div id="a37946_90_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:532.978px;top:0px;">3.0</div><div id="a37946_93_17" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:551.422px;top:0px;">bn, of<div style="display:inline-block;width:2.08px"> </div>which USD </div><div id="a37946_110_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:652.698px;top:0px;">1.9</div><div id="a37946_113_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:671.615px;top:0px;">bn </div><div id="a37957" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">was classified as Financial assets at fair<div style="display:inline-block;width:5.31px"> </div>value not held for trading and<div style="display:inline-block;width:5.4px"> </div>USD </div><div id="a37957_78_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:430.298px;top:15.1px;">1.1</div><div id="a37957_81_31" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:448.742px;top:15.1px;">bn as Investments in associates</div><div id="a37964" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:623.845px;top:14.9px;">.</div></div><div id="TextBlockContainer82" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:228px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a37992_1_112" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:43.242px;top:0px;">Debt investments<div style="display:inline-block;width:5.24px"> </div>classified as<div style="display:inline-block;width:5.09px"> </div>Financial assets measured<div style="display:inline-block;width:5.95px"> </div>at fair value<div style="display:inline-block;width:5.21px"> </div>through other<div style="display:inline-block;width:5.55px"> </div>comprehensive income<div style="display:inline-block;width:5.19px"> </div>as of </div><div id="a37998" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">31 December 2022<div style="display:inline-block;width:5.05px"> </div>were measured at fair<div style="display:inline-block;width:5.05px"> </div>value with changes<div style="display:inline-block;width:5.03px"> </div>in fair value recorded<div style="display:inline-block;width:5.2px"> </div>through<div style="display:inline-block;width:5.35px"> </div>Equity, and<div style="display:inline-block;width:5.11px"> </div>can broadly be </div><div id="a38004" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">categorized as money market instruments and<div style="display:inline-block;width:5.07px"> </div>debt securities primarily held for statutory,<div style="display:inline-block;width:5.46px"> </div>regulatory or liquidity reasons. </div><div id="a38006" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:53.9px;">The risk control framework applied to debt instruments classified as Financial assets measured at fair value through other </div><div id="a38010" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:69.1px;">comprehensive<div style="display:inline-block;width:6.43px"> </div>income<div style="display:inline-block;width:6.66px"> </div>depends<div style="display:inline-block;width:7.01px"> </div>on<div style="display:inline-block;width:6.55px"> </div>the<div style="display:inline-block;width:6.2px"> </div>nature<div style="display:inline-block;width:6.49px"> </div>of<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:6.2px"> </div>instruments<div style="display:inline-block;width:6.14px"> </div>and<div style="display:inline-block;width:6.55px"> </div>the<div style="display:inline-block;width:6.2px"> </div>purpose<div style="display:inline-block;width:6.85px"> </div>for<div style="display:inline-block;width:6.04px"> </div>which<div style="display:inline-block;width:6.35px"> </div>we<div style="display:inline-block;width:6.25px"> </div>hold<div style="display:inline-block;width:6.65px"> </div>them.<div style="display:inline-block;width:6.15px"> </div>Our </div><div id="a38013" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:84.2px;">exposures may be included<div style="display:inline-block;width:5.4px"> </div>in market risk limits or<div style="display:inline-block;width:5.47px"> </div>be subject to specific<div style="display:inline-block;width:5.72px"> </div>monitoring and<div style="display:inline-block;width:5.39px"> </div>interest rate sensitivity analysis. </div><div id="a38016" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.4px;">They<div style="display:inline-block;width:6.62px"> </div>are<div style="display:inline-block;width:6.71px"> </div>also<div style="display:inline-block;width:6.77px"> </div>included<div style="display:inline-block;width:7.49px"> </div>in<div style="display:inline-block;width:6.72px"> </div>our<div style="display:inline-block;width:6.99px"> </div>Group-wide<div style="display:inline-block;width:7.27px"> </div>statistical<div style="display:inline-block;width:6.69px"> </div>and<div style="display:inline-block;width:7.03px"> </div>stress<div style="display:inline-block;width:7.17px"> </div>testing<div style="display:inline-block;width:7.14px"> </div>metrics,<div style="display:inline-block;width:6.95px"> </div>which<div style="display:inline-block;width:6.82px"> </div>flow<div style="display:inline-block;width:6.67px"> </div>into<div style="display:inline-block;width:6.77px"> </div>our<div style="display:inline-block;width:6.87px"> </div>risk<div style="display:inline-block;width:6.88px"> </div>appetite </div><div id="a38020" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:115px;">framework.<div style="display:inline-block;width:4.09px"> </div></div><div id="a38022" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:137.7px;">Debt instruments<div style="display:inline-block;width:6.44px"> </div>classified<div style="display:inline-block;width:5.31px"> </div>as Financial<div style="display:inline-block;width:6.55px"> </div>assets<div style="display:inline-block;width:5.2px"> </div>measured<div style="display:inline-block;width:5.12px"> </div>at<div style="display:inline-block;width:5.05px"> </div>fair<div style="display:inline-block;width:5.26px"> </div>value through<div style="display:inline-block;width:6.82px"> </div>other comprehensive<div style="display:inline-block;width:6.67px"> </div>income had<div style="display:inline-block;width:6.19px"> </div>a<div style="display:inline-block;width:5.2px"> </div>fair </div><div id="a38028" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:152.8px;">value of USD </div><div id="a38028_13_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:81.106px;top:152.8px;">2.2</div><div id="a38028_16_45" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:100.023px;top:152.8px;">bn as of 31 December 2022, compared with USD </div><div id="a38028_61_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:382.511px;top:152.8px;">8.8</div><div id="a38028_64_50" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:400.978px;top:152.8px;">bn as of 31 December 2021. Effective from 1 April </div><div id="a38045" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:168.4px;">2022,<div style="display:inline-block;width:6.12px"> </div>UBS<div style="display:inline-block;width:6.03px"> </div>has<div style="display:inline-block;width:5.45px"> </div>reclassified<div style="display:inline-block;width:5.39px"> </div>a<div style="display:inline-block;width:5.67px"> </div>portfolio<div style="display:inline-block;width:6.29px"> </div>of<div style="display:inline-block;width:5.72px"> </div>financial<div style="display:inline-block;width:5.41px"> </div>assets<div style="display:inline-block;width:6.14px"> </div>from<div style="display:inline-block;width:5.66px"> </div>Financial<div style="display:inline-block;width:5.83px"> </div>assets<div style="display:inline-block;width:6.14px"> </div>measured<div style="display:inline-block;width:6.53px"> </div>at<div style="display:inline-block;width:5.52px"> </div>fair<div style="display:inline-block;width:5.26px"> </div>value<div style="display:inline-block;width:6.42px"> </div>through<div style="display:inline-block;width:6.15px"> </div>other </div><div id="a38047" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:183.6px;">comprehensive income with a<div style="display:inline-block;width:5.32px"> </div>fair value of USD </div><div id="a38047_46_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:278.405px;top:183.6px;">6.9</div><div id="a38047_49_70" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:297.321px;top:183.6px;">bn to Other financial assets<div style="display:inline-block;width:5.12px"> </div>measured at amortized<div style="display:inline-block;width:5.28px"> </div>cost, in line with </div><div id="a38050" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:198.7px;">the principles in IFRS 9, </div><div id="a38051" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:139.778px;top:198.5px;">Financial Instruments</div><div id="a38052" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:258.538px;top:198.7px;">, which require a reclassification<div style="display:inline-block;width:5.38px"> </div>when an entity changes its business<div style="display:inline-block;width:5.02px"> </div>model </div><div id="a38054" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:214.3px;">for managing financial assets.</div></div> 0.45 0.45 0.80 0.80 0.30 0.30 0.70 0.70 <div id="TextBlockContainer46" style="position:relative;font-family:'Frutiger';font-size:11.823px;color:#000000;line-height:normal;width:688px;height:224px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_42_XBRL_TS_683463aead3149639fd4a599c63f230b" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer45" style="position:relative;font-family:'Frutiger';font-size:11.823px;color:#000000;line-height:normal;width:688px;height:224px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_43_XBRL_TS_13c15dd159f948efa323021027deb1cc" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer44" style="position:relative;font-family:'Frutiger';font-size:11.823px;color:#000000;line-height:normal;width:688px;height:224px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a33477" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.38px;top:0px;">Internal UBS rating scale<div style="display:inline-block;width:4.65px"> </div>and mapping<div style="display:inline-block;width:4.94px"> </div>of external ratings </div><div id="a33479" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:29.8px;">Internal UBS rating </div><div id="a33481" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:203.122px;top:29.8px;">1-year PD range in % </div><div id="a33485" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:361.176px;top:29.8px;">Description </div><div id="a33487" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:435.456px;top:18px;">Moody’s Investors </div><div id="a33489" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:441.602px;top:29.8px;">Service mapping </div><div id="a33491" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:551.402px;top:29.8px;">S&amp;P mapping </div><div id="a33493" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:627.576px;top:29.8px;">Fitch mapping </div><div id="a33495" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:42.2px;">0 and 1 </div><div id="a33497" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:242.882px;top:42.2px;">0.00–0.02 </div><div id="a33501" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:338.949px;top:42.2px;">Investment grade </div><div id="a33503" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:486.549px;top:42.2px;">Aaa </div><div id="a33505" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:583.562px;top:42.2px;">AAA </div><div id="a33507" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:662.602px;top:42.2px;">AAA </div><div id="a33509" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:55.4px;">2 </div><div id="a33511" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:242.882px;top:55.4px;">0.02–0.05 </div><div id="a33516" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:459.602px;top:55.4px;">Aa1 to Aa3 </div><div id="a33519" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:554.722px;top:55.4px;">AA+ to AA– </div><div id="a33522" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:633.722px;top:55.4px;">AA+ to AA– </div><div id="a33525" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:68.6px;">3 </div><div id="a33527" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:242.882px;top:68.6px;">0.05–0.12 </div><div id="a33532" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:468.109px;top:68.6px;">A1 to A3 </div><div id="a33534" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:565.589px;top:68.6px;">A+ to A– </div><div id="a33537" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:644.602px;top:68.6px;">A+ to A– </div><div id="a33540" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:82.4px;">4 </div><div id="a33542" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:242.882px;top:82.4px;">0.12–0.25 </div><div id="a33547" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:451.562px;top:82.4px;">Baa1 to Baa2 </div><div id="a33549" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:551.882px;top:82.4px;">BBB+ to BBB </div><div id="a33551" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:630.882px;top:82.4px;">BBB+ to BBB </div><div id="a33553" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:95.6px;">5 </div><div id="a33555" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:242.882px;top:95.6px;">0.25–0.50 </div><div id="a33560" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:482.296px;top:95.6px;">Baa3 </div><div id="a33562" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:580.256px;top:95.6px;">BBB– </div><div id="a33565" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:659.296px;top:95.6px;">BBB– </div><div id="a33568" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:108.4px;">6 </div><div id="a33570" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:242.882px;top:108.4px;">0.50–0.80 </div><div id="a33574" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:322.362px;top:108.4px;">Sub-investment grade </div><div id="a33578" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:487.029px;top:108.4px;">Ba1 </div><div id="a33580" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:584.042px;top:108.4px;">BB+ </div><div id="a33582" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:663.069px;top:108.4px;">BB+ </div><div id="a33584" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:121.6px;">7 </div><div id="a33586" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:242.882px;top:121.6px;">0.80–1.30 </div><div id="a33591" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:487.029px;top:121.6px;">Ba2 </div><div id="a33593" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:590.189px;top:121.6px;">BB </div><div id="a33595" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:669.229px;top:121.6px;">BB </div><div id="a33597" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:134.9px;">8 </div><div id="a33599" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:242.882px;top:134.9px;">1.30–2.10 </div><div id="a33604" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:487.029px;top:134.9px;">Ba3 </div><div id="a33606" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:584.989px;top:134.9px;">BB– </div><div id="a33609" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:664.016px;top:134.9px;">BB– </div><div id="a33612" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:148.1px;">9 </div><div id="a33614" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:242.882px;top:148.1px;">2.10–3.50 </div><div id="a33619" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:491.282px;top:148.1px;">B1 </div><div id="a33621" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:589.242px;top:148.1px;">B+ </div><div id="a33623" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:668.282px;top:148.1px;">B+ </div><div id="a33625" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:161.4px;">10 </div><div id="a33627" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:242.882px;top:161.4px;">3.50–6.00 </div><div id="a33632" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:491.282px;top:161.4px;">B2 </div><div id="a33634" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:594.909px;top:161.4px;">B </div><div id="a33636" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:673.949px;top:161.4px;">B </div><div id="a33638" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:174.6px;">11 </div><div id="a33640" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:238.149px;top:174.6px;">6.00–10.00 </div><div id="a33645" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:491.282px;top:174.6px;">B3 </div><div id="a33647" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:590.189px;top:174.6px;">B– </div><div id="a33650" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:669.229px;top:174.6px;">B– </div><div id="a33653" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:188.3px;">12 </div><div id="a33655" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:233.429px;top:188.3px;">10.00–17.00 </div><div id="a33660" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:451.082px;top:188.3px;">Caa1 to Caa2 </div><div id="a33662" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:549.509px;top:188.3px;">CCC+ to CCC </div><div id="a33664" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:628.522px;top:188.3px;">CCC+ to CCC </div><div id="a33666" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:201.6px;">13 </div><div id="a33668" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:266.056px;top:201.6px;">&gt;17 </div><div id="a33671" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:464.322px;top:201.6px;">Caa3 to C </div><div id="a33673" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:563.229px;top:201.6px;">CCC-<div style="display:inline-block;width:1.87px"> </div>to C </div><div id="a33678" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:642.242px;top:201.6px;">CCC-<div style="display:inline-block;width:1.89px"> </div>to C </div><div id="a33683" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:214.4px;">Counterparty is in default<div style="display:inline-block;width:3.12px"> </div></div><div id="a33685" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:255.176px;top:214.4px;">Default </div><div id="a33687" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:366.842px;top:214.4px;">Defaulted </div><div id="a33690" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:594.442px;top:214.4px;">D </div><div id="a33692" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:673.482px;top:214.4px;">D</div></div></div></div></div></div> <div id="TextBlockContainer45" style="position:relative;font-family:'Frutiger';font-size:11.823px;color:#000000;line-height:normal;width:688px;height:224px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_43_XBRL_TS_13c15dd159f948efa323021027deb1cc" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer44" style="position:relative;font-family:'Frutiger';font-size:11.823px;color:#000000;line-height:normal;width:688px;height:224px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a33477" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.38px;top:0px;">Internal UBS rating scale<div style="display:inline-block;width:4.65px"> </div>and mapping<div style="display:inline-block;width:4.94px"> </div>of external ratings </div><div id="a33479" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:29.8px;">Internal UBS rating </div><div id="a33481" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:203.122px;top:29.8px;">1-year PD range in % </div><div id="a33485" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:361.176px;top:29.8px;">Description </div><div id="a33487" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:435.456px;top:18px;">Moody’s Investors </div><div id="a33489" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:441.602px;top:29.8px;">Service mapping </div><div id="a33491" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:551.402px;top:29.8px;">S&amp;P mapping </div><div id="a33493" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:627.576px;top:29.8px;">Fitch mapping </div><div id="a33495" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:42.2px;">0 and 1 </div><div id="a33497" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:242.882px;top:42.2px;">0.00–0.02 </div><div id="a33501" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:338.949px;top:42.2px;">Investment grade </div><div id="a33503" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:486.549px;top:42.2px;">Aaa </div><div id="a33505" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:583.562px;top:42.2px;">AAA </div><div id="a33507" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:662.602px;top:42.2px;">AAA </div><div id="a33509" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:55.4px;">2 </div><div id="a33511" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:242.882px;top:55.4px;">0.02–0.05 </div><div id="a33516" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:459.602px;top:55.4px;">Aa1 to Aa3 </div><div id="a33519" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:554.722px;top:55.4px;">AA+ to AA– </div><div id="a33522" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:633.722px;top:55.4px;">AA+ to AA– </div><div id="a33525" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:68.6px;">3 </div><div id="a33527" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:242.882px;top:68.6px;">0.05–0.12 </div><div id="a33532" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:468.109px;top:68.6px;">A1 to A3 </div><div id="a33534" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:565.589px;top:68.6px;">A+ to A– </div><div id="a33537" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:644.602px;top:68.6px;">A+ to A– </div><div id="a33540" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:82.4px;">4 </div><div id="a33542" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:242.882px;top:82.4px;">0.12–0.25 </div><div id="a33547" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:451.562px;top:82.4px;">Baa1 to Baa2 </div><div id="a33549" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:551.882px;top:82.4px;">BBB+ to BBB </div><div id="a33551" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:630.882px;top:82.4px;">BBB+ to BBB </div><div id="a33553" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:95.6px;">5 </div><div id="a33555" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:242.882px;top:95.6px;">0.25–0.50 </div><div id="a33560" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:482.296px;top:95.6px;">Baa3 </div><div id="a33562" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:580.256px;top:95.6px;">BBB– </div><div id="a33565" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:659.296px;top:95.6px;">BBB– </div><div id="a33568" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:108.4px;">6 </div><div id="a33570" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:242.882px;top:108.4px;">0.50–0.80 </div><div id="a33574" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:322.362px;top:108.4px;">Sub-investment grade </div><div id="a33578" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:487.029px;top:108.4px;">Ba1 </div><div id="a33580" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:584.042px;top:108.4px;">BB+ </div><div id="a33582" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:663.069px;top:108.4px;">BB+ </div><div id="a33584" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:121.6px;">7 </div><div id="a33586" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:242.882px;top:121.6px;">0.80–1.30 </div><div id="a33591" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:487.029px;top:121.6px;">Ba2 </div><div id="a33593" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:590.189px;top:121.6px;">BB </div><div id="a33595" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:669.229px;top:121.6px;">BB </div><div id="a33597" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:134.9px;">8 </div><div id="a33599" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:242.882px;top:134.9px;">1.30–2.10 </div><div id="a33604" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:487.029px;top:134.9px;">Ba3 </div><div id="a33606" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:584.989px;top:134.9px;">BB– </div><div id="a33609" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:664.016px;top:134.9px;">BB– </div><div id="a33612" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:148.1px;">9 </div><div id="a33614" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:242.882px;top:148.1px;">2.10–3.50 </div><div id="a33619" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:491.282px;top:148.1px;">B1 </div><div id="a33621" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:589.242px;top:148.1px;">B+ </div><div id="a33623" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:668.282px;top:148.1px;">B+ </div><div id="a33625" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:161.4px;">10 </div><div id="a33627" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:242.882px;top:161.4px;">3.50–6.00 </div><div id="a33632" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:491.282px;top:161.4px;">B2 </div><div id="a33634" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:594.909px;top:161.4px;">B </div><div id="a33636" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:673.949px;top:161.4px;">B </div><div id="a33638" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:174.6px;">11 </div><div id="a33640" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:238.149px;top:174.6px;">6.00–10.00 </div><div id="a33645" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:491.282px;top:174.6px;">B3 </div><div id="a33647" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:590.189px;top:174.6px;">B– </div><div id="a33650" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:669.229px;top:174.6px;">B– </div><div id="a33653" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:188.3px;">12 </div><div id="a33655" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:233.429px;top:188.3px;">10.00–17.00 </div><div id="a33660" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:451.082px;top:188.3px;">Caa1 to Caa2 </div><div id="a33662" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:549.509px;top:188.3px;">CCC+ to CCC </div><div id="a33664" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:628.522px;top:188.3px;">CCC+ to CCC </div><div id="a33666" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:201.6px;">13 </div><div id="a33668" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:266.056px;top:201.6px;">&gt;17 </div><div id="a33671" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:464.322px;top:201.6px;">Caa3 to C </div><div id="a33673" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:563.229px;top:201.6px;">CCC-<div style="display:inline-block;width:1.87px"> </div>to C </div><div id="a33678" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:642.242px;top:201.6px;">CCC-<div style="display:inline-block;width:1.89px"> </div>to C </div><div id="a33683" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:214.4px;">Counterparty is in default<div style="display:inline-block;width:3.12px"> </div></div><div id="a33685" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:255.176px;top:214.4px;">Default </div><div id="a33687" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:366.842px;top:214.4px;">Defaulted </div><div id="a33690" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:594.442px;top:214.4px;">D </div><div id="a33692" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:673.482px;top:214.4px;">D</div></div></div></div> 0.95 0.95 0.99 0.99 0.99 0.99 <div id="TextBlockContainer66" style="position:relative;font-family:'Frutiger';font-size:11.823px;color:#000000;line-height:normal;width:686px;height:478px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_62_XBRL_TS_d512ee04e4314fcb94473c499b8b7b5b" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer65" style="position:relative;font-family:'Frutiger';font-size:11.823px;color:#000000;line-height:normal;width:686px;height:478px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_63_XBRL_TS_2fd5476d77f64910a6fe2cd04fe533c1" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer64" style="position:relative;font-family:'Frutiger';font-size:11.823px;color:#000000;line-height:normal;width:686px;height:478px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a35734" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.38px;top:0px;">Management value<div style="display:inline-block;width:1.52px"> </div>-at-risk (1-day,<div style="display:inline-block;width:5.59px"> </div>95% confidence, 5 years<div style="display:inline-block;width:5.22px"> </div>of historical data)<div style="display:inline-block;width:4.72px"> </div>of our business<div style="display:inline-block;width:5.15px"> </div>divisions and Group </div><div id="a35741" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.38px;top:13.7px;">Functions by general<div style="display:inline-block;width:4.96px"> </div>market risk type</div><div id="a35742" style="position:absolute;font-family:'Frutiger';font-size:7.567px;font-weight:bold;font-style:normal;left:216.842px;top:14.4px;">1</div><div id="a35746" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:409.909px;top:30.8px;">For the year ended<div style="display:inline-block;width:3.9px"> </div>31.12.22 </div><div id="a35749" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:4.38px;top:58.2px;">USD m </div><div id="a35756" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:442.069px;top:58.2px;">Equity </div><div id="a35758" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:484.669px;top:46.8px;">Interest </div><div id="a35759" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:494.122px;top:58.2px;">rates </div><div id="a35761" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:535.296px;top:46.8px;">Credit </div><div id="a35762" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:529.149px;top:58.2px;">spreads </div><div id="a35764" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:584.509px;top:46.8px;">Foreign </div><div id="a35766" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:576.949px;top:58.2px;">exchange </div><div id="a35768" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:629.469px;top:58.2px;">Commodities </div><div id="a35772" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:262.269px;top:71.5px;">Min. </div><div id="a35777" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:459.602px;top:71.5px;">2</div><div id="a35779" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:507.389px;top:71.5px;">8</div><div id="a35781" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:552.349px;top:71.5px;">4</div><div id="a35783" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:606.762px;top:71.5px;">2</div><div id="a35785" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:672.536px;top:71.5px;">2</div><div id="a35790" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:306.282px;top:85.7px;">Max. </div><div id="a35794" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:454.869px;top:85.7px;">17</div><div id="a35796" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:502.669px;top:85.7px;">18</div><div id="a35798" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:552.349px;top:85.7px;">9</div><div id="a35800" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:602.042px;top:85.7px;">11</div><div id="a35802" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:672.536px;top:85.7px;">7</div><div id="a35808" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:339.416px;top:99.8px;">Average </div><div id="a35811" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:459.602px;top:99.8px;">6</div><div id="a35813" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:502.669px;top:99.8px;">10</div><div id="a35815" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:552.349px;top:99.8px;">5</div><div id="a35817" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:606.762px;top:99.8px;">3</div><div id="a35819" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:672.536px;top:99.8px;">3</div><div id="a35826" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:385.296px;top:114.5px;">31.12.22 </div><div id="a35828" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:459.602px;top:114.5px;">6</div><div id="a35830" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:502.669px;top:114.5px;">10</div><div id="a35832" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:552.349px;top:114.5px;">4</div><div id="a35834" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:606.762px;top:114.5px;">3</div><div id="a35836" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:672.536px;top:114.5px;">3</div><div id="a35838" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:128.2px;">Total management VaR,<div style="display:inline-block;width:4.51px"> </div>Group </div><div id="a35841" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:274.096px;top:128.2px;">6</div><div id="a35843" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:314.802px;top:128.2px;">18</div><div id="a35845" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:359.749px;top:128.2px;">11</div><div id="a35847" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:414.176px;top:128.2px;">9</div><div id="a35849" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:470.002px;top:128.2px;">Average (per business division and risk<div style="display:inline-block;width:3.95px"> </div>type) </div><div id="a35851" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:142.9px;">Global Wealth Management </div><div id="a35854" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:274.096px;top:142.9px;">1</div><div id="a35856" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:319.522px;top:142.9px;">2</div><div id="a35858" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:364.482px;top:142.9px;">1</div><div id="a35860" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:414.176px;top:142.9px;">1</div><div id="a35862" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:459.602px;top:142.9px;">0</div><div id="a35864" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:507.389px;top:142.9px;">1</div><div id="a35866" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:552.349px;top:142.9px;">1</div><div id="a35868" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:606.762px;top:142.9px;">0</div><div id="a35870" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:672.536px;top:142.9px;">0</div><div id="a35872" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:157.6px;">Personal &amp; Corporate Banking </div><div id="a35876" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:274.096px;top:157.6px;">0</div><div id="a35878" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:319.522px;top:157.6px;">0</div><div id="a35880" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:364.482px;top:157.6px;">0</div><div id="a35882" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:414.176px;top:157.6px;">0</div><div id="a35884" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:459.602px;top:157.6px;">0</div><div id="a35886" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:507.389px;top:157.6px;">0</div><div id="a35888" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:552.349px;top:157.6px;">0</div><div id="a35890" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:606.762px;top:157.6px;">0</div><div id="a35892" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:672.536px;top:157.6px;">0</div><div id="a35894" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:171.8px;">Asset Management </div><div id="a35897" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:274.096px;top:171.8px;">0</div><div id="a35899" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:319.522px;top:171.8px;">0</div><div id="a35901" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:364.482px;top:171.8px;">0</div><div id="a35903" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:414.176px;top:171.8px;">0</div><div id="a35905" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:459.602px;top:171.8px;">0</div><div id="a35907" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:507.389px;top:171.8px;">0</div><div id="a35909" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:552.349px;top:171.8px;">0</div><div id="a35911" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:606.762px;top:171.8px;">0</div><div id="a35913" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:672.536px;top:171.8px;">0</div><div id="a35915" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:186px;">Investment Bank </div><div id="a35918" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:274.096px;top:186px;">6</div><div id="a35920" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:314.802px;top:186px;">17</div><div id="a35922" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:359.749px;top:186px;">10</div><div id="a35924" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:414.176px;top:186px;">8</div><div id="a35926" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:459.602px;top:186px;">6</div><div id="a35928" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:507.389px;top:186px;">9</div><div id="a35930" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:552.349px;top:186px;">5</div><div id="a35932" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:606.762px;top:186px;">3</div><div id="a35934" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:672.536px;top:186px;">3</div><div id="a35936" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:200.6px;">Group Functions </div><div id="a35939" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:274.096px;top:200.6px;">3</div><div id="a35941" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:319.522px;top:200.6px;">5</div><div id="a35943" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:364.482px;top:200.6px;">4</div><div id="a35945" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:414.176px;top:200.6px;">5</div><div id="a35947" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:459.602px;top:200.6px;">1</div><div id="a35949" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:507.389px;top:200.6px;">4</div><div id="a35951" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:552.349px;top:200.6px;">3</div><div id="a35953" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:606.762px;top:200.6px;">1</div><div id="a35955" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:672.536px;top:200.6px;">0</div><div id="a35957" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:214.8px;">Diversification effect</div><div id="a35958" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:77.744px;top:215.4px;">2,3</div><div id="a35963" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:359.282px;top:214.8px;display:flex;">(5)</div><div id="a35965" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:408.962px;top:214.8px;display:flex;">(5)</div><div id="a35967" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:454.402px;top:214.8px;display:flex;">(1)</div><div id="a35969" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:502.189px;top:214.8px;display:flex;">(3)</div><div id="a35971" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:547.122px;top:214.8px;display:flex;">(4)</div><div id="a35973" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:601.562px;top:214.8px;display:flex;">(1)</div><div id="a35975" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:672.536px;top:214.8px;">0</div><div id="a35990" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:409.909px;top:241.3px;">For the year ended<div style="display:inline-block;width:3.9px"> </div>31.12.21 </div><div id="a35992" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:4.38px;top:268.7px;">USD m </div><div id="a35999" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:442.069px;top:268.7px;">Equity </div><div id="a36001" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:484.669px;top:256.9px;">Interest </div><div id="a36002" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:494.122px;top:268.7px;">rates </div><div id="a36004" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:535.296px;top:256.9px;">Credit </div><div id="a36005" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:529.149px;top:268.7px;">spreads </div><div id="a36007" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:584.509px;top:256.9px;">Foreign </div><div id="a36009" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:576.949px;top:268.7px;">exchange </div><div id="a36011" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:629.469px;top:268.7px;">Commodities </div><div id="a36015" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:262.269px;top:282px;">Min. </div><div id="a36020" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:459.602px;top:282px;">1</div><div id="a36022" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:507.389px;top:282px;">7</div><div id="a36024" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:552.349px;top:282px;">5</div><div id="a36026" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:606.762px;top:282px;">1</div><div id="a36028" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:672.536px;top:282px;">2</div><div id="a36033" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:306.282px;top:296.2px;">Max. </div><div id="a36037" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:454.869px;top:296.2px;">35</div><div id="a36039" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:502.669px;top:296.2px;">13</div><div id="a36041" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:547.629px;top:296.2px;">11</div><div id="a36043" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:606.762px;top:296.2px;">9</div><div id="a36045" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:672.536px;top:296.2px;">5</div><div id="a36051" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:339.416px;top:310.4px;">Average </div><div id="a36054" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:459.602px;top:310.4px;">7</div><div id="a36056" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:507.389px;top:310.4px;">9</div><div id="a36058" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:552.349px;top:310.4px;">7</div><div id="a36060" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:606.762px;top:310.4px;">3</div><div id="a36062" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:672.536px;top:310.4px;">3</div><div id="a36069" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:385.296px;top:325px;">31.12.21 </div><div id="a36071" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:459.602px;top:325px;">8</div><div id="a36073" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:502.669px;top:325px;">11</div><div id="a36075" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:552.349px;top:325px;">7</div><div id="a36077" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:606.762px;top:325px;">6</div><div id="a36079" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:672.536px;top:325px;">3</div><div id="a36081" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:338.3px;">Total management VaR,<div style="display:inline-block;width:4.51px"> </div>Group </div><div id="a36084" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:274.096px;top:338.3px;">4</div><div id="a36086" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:314.802px;top:338.3px;">36</div><div id="a36088" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:359.749px;top:338.3px;">11</div><div id="a36090" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:409.442px;top:338.3px;">12</div><div id="a36092" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:470.482px;top:338.3px;">Average (per business division and risk type) </div><div id="a36095" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:353.4px;">Global Wealth Management </div><div id="a36098" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:274.096px;top:353.4px;">1</div><div id="a36100" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:319.522px;top:353.4px;">3</div><div id="a36102" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:364.482px;top:353.4px;">1</div><div id="a36104" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:414.176px;top:353.4px;">2</div><div id="a36106" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:459.602px;top:353.4px;">0</div><div id="a36108" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:507.389px;top:353.4px;">1</div><div id="a36110" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:552.349px;top:353.4px;">2</div><div id="a36112" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:606.762px;top:353.4px;">0</div><div id="a36114" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:672.536px;top:353.4px;">0</div><div id="a36116" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:367.6px;">Personal &amp; Corporate Banking </div><div id="a36119" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:274.096px;top:367.6px;">0</div><div id="a36121" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:319.522px;top:367.6px;">0</div><div id="a36123" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:364.482px;top:367.6px;">0</div><div id="a36125" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:414.176px;top:367.6px;">0</div><div id="a36127" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:459.602px;top:367.6px;">0</div><div id="a36129" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:507.389px;top:367.6px;">0</div><div id="a36131" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:552.349px;top:367.6px;">0</div><div id="a36133" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:606.762px;top:367.6px;">0</div><div id="a36135" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:672.536px;top:367.6px;">0</div><div id="a36137" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:382.3px;">Asset Management </div><div id="a36140" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:274.096px;top:382.3px;">0</div><div id="a36142" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:319.522px;top:382.3px;">0</div><div id="a36144" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:364.482px;top:382.3px;">0</div><div id="a36146" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:414.176px;top:382.3px;">0</div><div id="a36148" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:459.602px;top:382.3px;">0</div><div id="a36150" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:507.389px;top:382.3px;">0</div><div id="a36152" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:552.349px;top:382.3px;">0</div><div id="a36154" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:606.762px;top:382.3px;">0</div><div id="a36156" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:672.536px;top:382.3px;">0</div><div id="a36158" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:396.5px;">Investment Bank </div><div id="a36161" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:274.096px;top:396.5px;">3</div><div id="a36163" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:314.802px;top:396.5px;">36</div><div id="a36165" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:359.749px;top:396.5px;">11</div><div id="a36167" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:409.442px;top:396.5px;">11</div><div id="a36169" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:459.602px;top:396.5px;">7</div><div id="a36171" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:507.389px;top:396.5px;">9</div><div id="a36173" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:552.349px;top:396.5px;">7</div><div id="a36175" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:606.762px;top:396.5px;">3</div><div id="a36177" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:672.536px;top:396.5px;">3</div><div id="a36179" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:410.7px;">Group Functions </div><div id="a36182" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:274.096px;top:410.7px;">4</div><div id="a36184" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:319.522px;top:410.7px;">8</div><div id="a36186" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:364.482px;top:410.7px;">5</div><div id="a36188" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:414.176px;top:410.7px;">4</div><div id="a36190" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:459.602px;top:410.7px;">0</div><div id="a36192" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:507.389px;top:410.7px;">4</div><div id="a36194" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:552.349px;top:410.7px;">4</div><div id="a36196" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:606.762px;top:410.7px;">1</div><div id="a36198" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:672.536px;top:410.7px;">0</div><div id="a36200" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:425.3px;">Diversification effect</div><div id="a36201" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:77.744px;top:426px;">2,3</div><div id="a36206" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:359.282px;top:425.3px;display:flex;">(6)</div><div id="a36208" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:408.962px;top:425.3px;display:flex;">(5)</div><div id="a36210" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:459.602px;top:425.3px;">0</div><div id="a36212" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:502.189px;top:425.3px;display:flex;">(5)</div><div id="a36214" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:547.122px;top:425.3px;display:flex;">(5)</div><div id="a36216" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:601.562px;top:425.3px;display:flex;">(1)</div><div id="a36218" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:672.536px;top:425.3px;">0</div><div id="a36220" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:4.38px;top:439.4px;">1 Statistics at individual<div style="display:inline-block;width:3.79px"> </div>levels may not be<div style="display:inline-block;width:3.46px"> </div>summed to deduce<div style="display:inline-block;width:3.62px"> </div>the corresponding aggregate<div style="display:inline-block;width:3.95px"> </div>figures. The<div style="display:inline-block;width:4.27px"> </div>minima and maxima for<div style="display:inline-block;width:3.88px"> </div>each level<div style="display:inline-block;width:3.47px"> </div>may well occur on different<div style="display:inline-block;width:3.95px"> </div>days, and likewise,<div style="display:inline-block;width:4.6px"> </div>the VaR for each<div style="display:inline-block;width:4.2px"> </div>business </div><div id="a36222" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:4.38px;top:449.8px;">line or risk type, being driven by the extreme<div style="display:inline-block;width:3.39px"> </div>loss tail of the corresponding distribution<div style="display:inline-block;width:3.6px"> </div>of simulated profits and losses for that business line<div style="display:inline-block;width:3.94px"> </div>or risk type, may well<div style="display:inline-block;width:3.39px"> </div>be driven by different days in the historical time series, </div><div id="a36225" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:4.38px;top:459.8px;">rendering invalid the simple<div style="display:inline-block;width:3.45px"> </div>summation of figures to arrive<div style="display:inline-block;width:3.6px"> </div>at the aggregate total.<div style="display:inline-block;width:9.17px"> </div>2 Difference between the sum<div style="display:inline-block;width:3.66px"> </div>of the standalone VaR for<div style="display:inline-block;width:3.4px"> </div>the business divisions and<div style="display:inline-block;width:3.45px"> </div>Group Functions and<div style="display:inline-block;width:3.4px"> </div>the VaR for the Group<div style="display:inline-block;width:3.56px"> </div>as </div><div id="a36228" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:4.38px;top:470.2px;">a whole.<div style="display:inline-block;width:8.68px"> </div>3 As the minima and<div style="display:inline-block;width:3.64px"> </div>maxima for different business<div style="display:inline-block;width:3.47px"> </div>divisions and Group<div style="display:inline-block;width:3.44px"> </div>Functions occur on different<div style="display:inline-block;width:3.97px"> </div>days, it is not meaningful to<div style="display:inline-block;width:3.48px"> </div>calculate a portfolio<div style="display:inline-block;width:3.47px"> </div>diversification effect.</div></div></div></div></div></div> <div id="TextBlockContainer64" style="position:relative;font-family:'Frutiger';font-size:11.823px;color:#000000;line-height:normal;width:686px;height:478px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a35734" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.38px;top:0px;">Management value<div style="display:inline-block;width:1.52px"> </div>-at-risk (1-day,<div style="display:inline-block;width:5.59px"> </div>95% confidence, 5 years<div style="display:inline-block;width:5.22px"> </div>of historical data)<div style="display:inline-block;width:4.72px"> </div>of our business<div style="display:inline-block;width:5.15px"> </div>divisions and Group </div><div id="a35741" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.38px;top:13.7px;">Functions by general<div style="display:inline-block;width:4.96px"> </div>market risk type</div><div id="a35742" style="position:absolute;font-family:'Frutiger';font-size:7.567px;font-weight:bold;font-style:normal;left:216.842px;top:14.4px;">1</div><div id="a35746" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:409.909px;top:30.8px;">For the year ended<div style="display:inline-block;width:3.9px"> </div>31.12.22 </div><div id="a35749" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:4.38px;top:58.2px;">USD m </div><div id="a35756" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:442.069px;top:58.2px;">Equity </div><div id="a35758" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:484.669px;top:46.8px;">Interest </div><div id="a35759" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:494.122px;top:58.2px;">rates </div><div id="a35761" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:535.296px;top:46.8px;">Credit </div><div id="a35762" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:529.149px;top:58.2px;">spreads </div><div id="a35764" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:584.509px;top:46.8px;">Foreign </div><div id="a35766" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:576.949px;top:58.2px;">exchange </div><div id="a35768" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:629.469px;top:58.2px;">Commodities </div><div id="a35772" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:262.269px;top:71.5px;">Min. </div><div id="a35777" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:459.602px;top:71.5px;">2</div><div id="a35779" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:507.389px;top:71.5px;">8</div><div id="a35781" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:552.349px;top:71.5px;">4</div><div id="a35783" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:606.762px;top:71.5px;">2</div><div id="a35785" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:672.536px;top:71.5px;">2</div><div id="a35790" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:306.282px;top:85.7px;">Max. </div><div id="a35794" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:454.869px;top:85.7px;">17</div><div id="a35796" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:502.669px;top:85.7px;">18</div><div id="a35798" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:552.349px;top:85.7px;">9</div><div id="a35800" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:602.042px;top:85.7px;">11</div><div id="a35802" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:672.536px;top:85.7px;">7</div><div id="a35808" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:339.416px;top:99.8px;">Average </div><div id="a35811" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:459.602px;top:99.8px;">6</div><div id="a35813" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:502.669px;top:99.8px;">10</div><div id="a35815" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:552.349px;top:99.8px;">5</div><div id="a35817" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:606.762px;top:99.8px;">3</div><div id="a35819" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:672.536px;top:99.8px;">3</div><div id="a35826" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:385.296px;top:114.5px;">31.12.22 </div><div id="a35828" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:459.602px;top:114.5px;">6</div><div id="a35830" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:502.669px;top:114.5px;">10</div><div id="a35832" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:552.349px;top:114.5px;">4</div><div id="a35834" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:606.762px;top:114.5px;">3</div><div id="a35836" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:672.536px;top:114.5px;">3</div><div id="a35838" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:128.2px;">Total management VaR,<div style="display:inline-block;width:4.51px"> </div>Group </div><div id="a35841" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:274.096px;top:128.2px;">6</div><div id="a35843" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:314.802px;top:128.2px;">18</div><div id="a35845" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:359.749px;top:128.2px;">11</div><div id="a35847" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:414.176px;top:128.2px;">9</div><div id="a35849" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:470.002px;top:128.2px;">Average (per business division and risk<div style="display:inline-block;width:3.95px"> </div>type) </div><div id="a35851" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:142.9px;">Global Wealth Management </div><div id="a35854" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:274.096px;top:142.9px;">1</div><div id="a35856" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:319.522px;top:142.9px;">2</div><div id="a35858" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:364.482px;top:142.9px;">1</div><div id="a35860" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:414.176px;top:142.9px;">1</div><div id="a35862" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:459.602px;top:142.9px;">0</div><div id="a35864" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:507.389px;top:142.9px;">1</div><div id="a35866" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:552.349px;top:142.9px;">1</div><div id="a35868" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:606.762px;top:142.9px;">0</div><div id="a35870" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:672.536px;top:142.9px;">0</div><div id="a35872" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:157.6px;">Personal &amp; Corporate Banking </div><div id="a35876" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:274.096px;top:157.6px;">0</div><div id="a35878" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:319.522px;top:157.6px;">0</div><div id="a35880" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:364.482px;top:157.6px;">0</div><div id="a35882" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:414.176px;top:157.6px;">0</div><div id="a35884" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:459.602px;top:157.6px;">0</div><div id="a35886" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:507.389px;top:157.6px;">0</div><div id="a35888" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:552.349px;top:157.6px;">0</div><div id="a35890" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:606.762px;top:157.6px;">0</div><div id="a35892" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:672.536px;top:157.6px;">0</div><div id="a35894" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:171.8px;">Asset Management </div><div id="a35897" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:274.096px;top:171.8px;">0</div><div id="a35899" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:319.522px;top:171.8px;">0</div><div id="a35901" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:364.482px;top:171.8px;">0</div><div id="a35903" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:414.176px;top:171.8px;">0</div><div id="a35905" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:459.602px;top:171.8px;">0</div><div id="a35907" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:507.389px;top:171.8px;">0</div><div id="a35909" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:552.349px;top:171.8px;">0</div><div id="a35911" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:606.762px;top:171.8px;">0</div><div id="a35913" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:672.536px;top:171.8px;">0</div><div id="a35915" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:186px;">Investment Bank </div><div id="a35918" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:274.096px;top:186px;">6</div><div id="a35920" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:314.802px;top:186px;">17</div><div id="a35922" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:359.749px;top:186px;">10</div><div id="a35924" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:414.176px;top:186px;">8</div><div id="a35926" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:459.602px;top:186px;">6</div><div id="a35928" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:507.389px;top:186px;">9</div><div id="a35930" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:552.349px;top:186px;">5</div><div id="a35932" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:606.762px;top:186px;">3</div><div id="a35934" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:672.536px;top:186px;">3</div><div id="a35936" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:200.6px;">Group Functions </div><div id="a35939" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:274.096px;top:200.6px;">3</div><div id="a35941" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:319.522px;top:200.6px;">5</div><div id="a35943" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:364.482px;top:200.6px;">4</div><div id="a35945" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:414.176px;top:200.6px;">5</div><div id="a35947" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:459.602px;top:200.6px;">1</div><div id="a35949" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:507.389px;top:200.6px;">4</div><div id="a35951" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:552.349px;top:200.6px;">3</div><div id="a35953" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:606.762px;top:200.6px;">1</div><div id="a35955" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:672.536px;top:200.6px;">0</div><div id="a35957" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:214.8px;">Diversification effect</div><div id="a35958" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:77.744px;top:215.4px;">2,3</div><div id="a35963" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:359.282px;top:214.8px;display:flex;">(5)</div><div id="a35965" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:408.962px;top:214.8px;display:flex;">(5)</div><div id="a35967" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:454.402px;top:214.8px;display:flex;">(1)</div><div id="a35969" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:502.189px;top:214.8px;display:flex;">(3)</div><div id="a35971" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:547.122px;top:214.8px;display:flex;">(4)</div><div id="a35973" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:601.562px;top:214.8px;display:flex;">(1)</div><div id="a35975" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;color:#9A3D37;left:672.536px;top:214.8px;">0</div><div id="a35990" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:409.909px;top:241.3px;">For the year ended<div style="display:inline-block;width:3.9px"> </div>31.12.21 </div><div id="a35992" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:4.38px;top:268.7px;">USD m </div><div id="a35999" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:442.069px;top:268.7px;">Equity </div><div id="a36001" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:484.669px;top:256.9px;">Interest </div><div id="a36002" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:494.122px;top:268.7px;">rates </div><div id="a36004" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:535.296px;top:256.9px;">Credit </div><div id="a36005" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:529.149px;top:268.7px;">spreads </div><div id="a36007" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:584.509px;top:256.9px;">Foreign </div><div id="a36009" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:576.949px;top:268.7px;">exchange </div><div id="a36011" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:629.469px;top:268.7px;">Commodities </div><div id="a36015" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:262.269px;top:282px;">Min. </div><div id="a36020" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:459.602px;top:282px;">1</div><div id="a36022" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:507.389px;top:282px;">7</div><div id="a36024" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:552.349px;top:282px;">5</div><div id="a36026" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:606.762px;top:282px;">1</div><div id="a36028" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:672.536px;top:282px;">2</div><div id="a36033" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:306.282px;top:296.2px;">Max. </div><div id="a36037" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:454.869px;top:296.2px;">35</div><div id="a36039" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:502.669px;top:296.2px;">13</div><div id="a36041" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:547.629px;top:296.2px;">11</div><div id="a36043" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:606.762px;top:296.2px;">9</div><div id="a36045" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:672.536px;top:296.2px;">5</div><div id="a36051" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:339.416px;top:310.4px;">Average </div><div id="a36054" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:459.602px;top:310.4px;">7</div><div id="a36056" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:507.389px;top:310.4px;">9</div><div id="a36058" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:552.349px;top:310.4px;">7</div><div id="a36060" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:606.762px;top:310.4px;">3</div><div id="a36062" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:672.536px;top:310.4px;">3</div><div id="a36069" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:385.296px;top:325px;">31.12.21 </div><div id="a36071" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:459.602px;top:325px;">8</div><div id="a36073" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:502.669px;top:325px;">11</div><div id="a36075" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:552.349px;top:325px;">7</div><div id="a36077" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:606.762px;top:325px;">6</div><div id="a36079" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:672.536px;top:325px;">3</div><div id="a36081" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:338.3px;">Total management VaR,<div style="display:inline-block;width:4.51px"> </div>Group </div><div id="a36084" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:274.096px;top:338.3px;">4</div><div id="a36086" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:314.802px;top:338.3px;">36</div><div id="a36088" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:359.749px;top:338.3px;">11</div><div id="a36090" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:409.442px;top:338.3px;">12</div><div id="a36092" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:470.482px;top:338.3px;">Average (per business division and risk type) </div><div id="a36095" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:353.4px;">Global Wealth Management </div><div id="a36098" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:274.096px;top:353.4px;">1</div><div id="a36100" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:319.522px;top:353.4px;">3</div><div id="a36102" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:364.482px;top:353.4px;">1</div><div id="a36104" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:414.176px;top:353.4px;">2</div><div id="a36106" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:459.602px;top:353.4px;">0</div><div id="a36108" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:507.389px;top:353.4px;">1</div><div id="a36110" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:552.349px;top:353.4px;">2</div><div id="a36112" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:606.762px;top:353.4px;">0</div><div id="a36114" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:672.536px;top:353.4px;">0</div><div id="a36116" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:367.6px;">Personal &amp; Corporate Banking </div><div id="a36119" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:274.096px;top:367.6px;">0</div><div id="a36121" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:319.522px;top:367.6px;">0</div><div id="a36123" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:364.482px;top:367.6px;">0</div><div id="a36125" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:414.176px;top:367.6px;">0</div><div id="a36127" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:459.602px;top:367.6px;">0</div><div id="a36129" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:507.389px;top:367.6px;">0</div><div id="a36131" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:552.349px;top:367.6px;">0</div><div id="a36133" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:606.762px;top:367.6px;">0</div><div id="a36135" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:672.536px;top:367.6px;">0</div><div id="a36137" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:382.3px;">Asset Management </div><div id="a36140" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:274.096px;top:382.3px;">0</div><div id="a36142" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:319.522px;top:382.3px;">0</div><div id="a36144" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:364.482px;top:382.3px;">0</div><div id="a36146" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:414.176px;top:382.3px;">0</div><div id="a36148" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:459.602px;top:382.3px;">0</div><div id="a36150" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:507.389px;top:382.3px;">0</div><div id="a36152" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:552.349px;top:382.3px;">0</div><div id="a36154" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:606.762px;top:382.3px;">0</div><div id="a36156" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:672.536px;top:382.3px;">0</div><div id="a36158" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:396.5px;">Investment Bank </div><div id="a36161" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:274.096px;top:396.5px;">3</div><div id="a36163" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:314.802px;top:396.5px;">36</div><div id="a36165" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:359.749px;top:396.5px;">11</div><div id="a36167" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:409.442px;top:396.5px;">11</div><div id="a36169" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:459.602px;top:396.5px;">7</div><div id="a36171" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:507.389px;top:396.5px;">9</div><div id="a36173" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:552.349px;top:396.5px;">7</div><div id="a36175" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:606.762px;top:396.5px;">3</div><div id="a36177" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:672.536px;top:396.5px;">3</div><div id="a36179" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:410.7px;">Group Functions </div><div id="a36182" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:274.096px;top:410.7px;">4</div><div id="a36184" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:319.522px;top:410.7px;">8</div><div id="a36186" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:364.482px;top:410.7px;">5</div><div id="a36188" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:414.176px;top:410.7px;">4</div><div id="a36190" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:459.602px;top:410.7px;">0</div><div id="a36192" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:507.389px;top:410.7px;">4</div><div id="a36194" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:552.349px;top:410.7px;">4</div><div id="a36196" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:606.762px;top:410.7px;">1</div><div id="a36198" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:672.536px;top:410.7px;">0</div><div id="a36200" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:425.3px;">Diversification effect</div><div id="a36201" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:77.744px;top:426px;">2,3</div><div id="a36206" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:359.282px;top:425.3px;display:flex;">(6)</div><div id="a36208" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:408.962px;top:425.3px;display:flex;">(5)</div><div id="a36210" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:459.602px;top:425.3px;">0</div><div id="a36212" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:502.189px;top:425.3px;display:flex;">(5)</div><div id="a36214" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:547.122px;top:425.3px;display:flex;">(5)</div><div id="a36216" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:601.562px;top:425.3px;display:flex;">(1)</div><div id="a36218" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:672.536px;top:425.3px;">0</div><div id="a36220" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:4.38px;top:439.4px;">1 Statistics at individual<div style="display:inline-block;width:3.79px"> </div>levels may not be<div style="display:inline-block;width:3.46px"> </div>summed to deduce<div style="display:inline-block;width:3.62px"> </div>the corresponding aggregate<div style="display:inline-block;width:3.95px"> </div>figures. The<div style="display:inline-block;width:4.27px"> </div>minima and maxima for<div style="display:inline-block;width:3.88px"> </div>each level<div style="display:inline-block;width:3.47px"> </div>may well occur on different<div style="display:inline-block;width:3.95px"> </div>days, and likewise,<div style="display:inline-block;width:4.6px"> </div>the VaR for each<div style="display:inline-block;width:4.2px"> </div>business </div><div id="a36222" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:4.38px;top:449.8px;">line or risk type, being driven by the extreme<div style="display:inline-block;width:3.39px"> </div>loss tail of the corresponding distribution<div style="display:inline-block;width:3.6px"> </div>of simulated profits and losses for that business line<div style="display:inline-block;width:3.94px"> </div>or risk type, may well<div style="display:inline-block;width:3.39px"> </div>be driven by different days in the historical time series, </div><div id="a36225" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:4.38px;top:459.8px;">rendering invalid the simple<div style="display:inline-block;width:3.45px"> </div>summation of figures to arrive<div style="display:inline-block;width:3.6px"> </div>at the aggregate total.<div style="display:inline-block;width:9.17px"> </div>2 Difference between the sum<div style="display:inline-block;width:3.66px"> </div>of the standalone VaR for<div style="display:inline-block;width:3.4px"> </div>the business divisions and<div style="display:inline-block;width:3.45px"> </div>Group Functions and<div style="display:inline-block;width:3.4px"> </div>the VaR for the Group<div style="display:inline-block;width:3.56px"> </div>as </div><div id="a36228" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:4.38px;top:470.2px;">a whole.<div style="display:inline-block;width:8.68px"> </div>3 As the minima and<div style="display:inline-block;width:3.64px"> </div>maxima for different business<div style="display:inline-block;width:3.47px"> </div>divisions and Group<div style="display:inline-block;width:3.44px"> </div>Functions occur on different<div style="display:inline-block;width:3.97px"> </div>days, it is not meaningful to<div style="display:inline-block;width:3.48px"> </div>calculate a portfolio<div style="display:inline-block;width:3.47px"> </div>diversification effect.</div></div> 2000000 2000000 8000000 8000000 4000000 4000000 2000000 2000000 2000000 2000000 17000000 17000000 18000000 18000000 9000000 9000000 11000000 11000000 7000000 7000000 6000000 6000000 10000000 10000000 5000000 5000000 3000000 3000000 3000000 3000000 6000000 6000000 10000000 10000000 4000000 4000000 3000000 3000000 3000000 3000000 6000000 6000000 18000000 18000000 11000000 11000000 9000000 9000000 1000000 1000000 2000000 2000000 1000000 1000000 1000000 1000000 0 0 1000000 1000000 1000000 1000000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6000000 6000000 17000000 17000000 10000000 10000000 8000000 8000000 6000000 6000000 9000000 9000000 5000000 5000000 3000000 3000000 3000000 3000000 3000000 3000000 5000000 5000000 4000000 4000000 5000000 5000000 1000000 1000000 4000000 4000000 3000000 3000000 1000000 1000000 0 0 -5000000 -5000000 -5000000 -5000000 -1000000 -1000000 -3000000 -3000000 -4000000 -4000000 -1000000 -1000000 0 0 1000000 1000000 7000000 7000000 5000000 5000000 1000000 1000000 2000000 2000000 35000000 35000000 13000000 13000000 11000000 11000000 9000000 9000000 5000000 5000000 7000000 7000000 9000000 9000000 7000000 7000000 3000000 3000000 3000000 3000000 8000000 8000000 11000000 11000000 7000000 7000000 6000000 6000000 3000000 3000000 4000000 4000000 36000000 36000000 11000000 11000000 12000000 12000000 1000000 1000000 3000000 3000000 1000000 1000000 2000000 2000000 0 0 1000000 1000000 2000000 2000000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3000000 3000000 36000000 36000000 11000000 11000000 11000000 11000000 7000000 7000000 9000000 9000000 7000000 7000000 3000000 3000000 3000000 3000000 4000000 4000000 8000000 8000000 5000000 5000000 4000000 4000000 0 0 4000000 4000000 4000000 4000000 1000000 1000000 0 0 -6000000 -6000000 -5000000 -5000000 0 0 -5000000 -5000000 -5000000 -5000000 -1000000 -1000000 0 0 -25000000.0 -25000000.0 -29900000 -29900000 19600000 19600000 22100000 22100000 14000000.0 14000000.0 4800000 4800000 15600000 15600000 5500000 5500000 -4600000000 -4600000000 0.079 0.079 -6000000000.0 -6000000000.0 0.100 0.100 0.15 0.15 -400000000 -400000000 0.006 0.006 -1100000000 -1100000000 0.018 0.018 3000000000.0 3000000000.0 1900000000 1900000000 1100000000 1100000000 2200000000 2200000000 8800000000 8800000000 6900000000 6900000000 <div id="TextBlockContainer84" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:29px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a41925_1_111" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:43.242px;top:0px;">An adequate<div style="display:inline-block;width:5.64px"> </div>level of common<div style="display:inline-block;width:5.21px"> </div>equity tier 1 (CET1)<div style="display:inline-block;width:5.41px"> </div>capital and total<div style="display:inline-block;width:5.34px"> </div>loss-absorbing capacity (TLAC)<div style="display:inline-block;width:5.56px"> </div>meeting both </div><div id="a41935" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">internal assessment and regulatory requirements<div style="display:inline-block;width:5.79px"> </div>is a prerequisite<div style="display:inline-block;width:5.1px"> </div>for conducting our business<div style="display:inline-block;width:5.47px"> </div>activities.</div></div><div id="TextBlockContainer86" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:197px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a42050" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:44.188px;top:0px;">We<div style="display:inline-block;width:6.18px"> </div>manage<div style="display:inline-block;width:6.4px"> </div>our<div style="display:inline-block;width:6.4px"> </div>balance<div style="display:inline-block;width:6.25px"> </div>sheet,<div style="display:inline-block;width:5.88px"> </div>RWA,<div style="display:inline-block;width:7.03px"> </div>leverage<div style="display:inline-block;width:5.89px"> </div>ratio<div style="display:inline-block;width:6px"> </div>denominator<div style="display:inline-block;width:6.6px"> </div>(LRD)<div style="display:inline-block;width:6.57px"> </div>and<div style="display:inline-block;width:6.08px"> </div>TLAC<div style="display:inline-block;width:6.25px"> </div>ratio<div style="display:inline-block;width:5.94px"> </div>levels<div style="display:inline-block;width:5.88px"> </div>based<div style="display:inline-block;width:6.13px"> </div>on<div style="display:inline-block;width:6.11px"> </div>our </div><div id="a42061" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">regulatory requirements,<div style="display:inline-block;width:4.58px"> </div>within our internal limits and targets,<div style="display:inline-block;width:4.21px"> </div>and our externally provided guidance. Our strategic focus </div><div id="a42068" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.7px;">is on achieving an optimal<div style="display:inline-block;width:2.33px"> </div>attribution and use of financial<div style="display:inline-block;width:2.27px"> </div>resources between our business divisions and Group Functions, </div><div id="a42077" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.9px;">as well<div style="display:inline-block;width:1.94px"> </div>as between our<div style="display:inline-block;width:1.81px"> </div>legal entities, while remaining within<div style="display:inline-block;width:1.77px"> </div>the limits<div style="display:inline-block;width:1.95px"> </div>defined for the Group<div style="display:inline-block;width:2.14px"> </div>and allocated<div style="display:inline-block;width:2.24px"> </div>to the<div style="display:inline-block;width:2.09px"> </div>business </div><div id="a42078" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">divisions<div style="display:inline-block;width:5.39px"> </div>by<div style="display:inline-block;width:5.2px"> </div>the<div style="display:inline-block;width:5.25px"> </div>Board<div style="display:inline-block;width:5.89px"> </div>of<div style="display:inline-block;width:5.82px"> </div>Directors<div style="display:inline-block;width:5.55px"> </div>(the<div style="display:inline-block;width:5.89px"> </div>BoD).<div style="display:inline-block;width:5.97px"> </div>These<div style="display:inline-block;width:5.45px"> </div>resource<div style="display:inline-block;width:5.63px"> </div>allocations,<div style="display:inline-block;width:6.24px"> </div>in<div style="display:inline-block;width:5.3px"> </div>turn,<div style="display:inline-block;width:5.64px"> </div>affect<div style="display:inline-block;width:5.25px"> </div>business<div style="display:inline-block;width:5.85px"> </div>plans<div style="display:inline-block;width:5.55px"> </div>and<div style="display:inline-block;width:5.61px"> </div>earnings </div><div id="a42082" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;">projections, which are reflected<div style="display:inline-block;width:5.49px"> </div>in our capital plans. </div><div id="a42084" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.3px;">The annual<div style="display:inline-block;width:5.54px"> </div>strategic planning<div style="display:inline-block;width:5.12px"> </div>process includes<div style="display:inline-block;width:5.16px"> </div>a capital-planning<div style="display:inline-block;width:5.15px"> </div>component that<div style="display:inline-block;width:5.23px"> </div>is key in<div style="display:inline-block;width:5.25px"> </div>defining our<div style="display:inline-block;width:5.21px"> </div>capital targets. </div><div id="a42092" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:114.5px;">It is based on an attribution<div style="display:inline-block;width:5.04px"> </div>of Group RWA and LRD<div style="display:inline-block;width:5.09px"> </div>internal limits to the business divisions.<div style="display:inline-block;width:4.74px"> </div></div><div id="a42095" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:137.7px;">Limits and targets are<div style="display:inline-block;width:2.29px"> </div>established at the Group<div style="display:inline-block;width:2.22px"> </div>and business division levels,<div style="display:inline-block;width:2.2px"> </div>and are approved by<div style="display:inline-block;width:2.15px"> </div>the BoD at<div style="display:inline-block;width:2.08px"> </div>least annually. </div><div id="a42100" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:152.8px;">In the target<div style="display:inline-block;width:1.55px"> </div>-setting process<div style="display:inline-block;width:1.39px"> </div>,<div style="display:inline-block;width:4.36px"> </div>we take into<div style="display:inline-block;width:5.98px"> </div>account the<div style="display:inline-block;width:5.4px"> </div>current and<div style="display:inline-block;width:5.22px"> </div>potential future<div style="display:inline-block;width:6.06px"> </div>TLAC requirements,<div style="display:inline-block;width:5.46px"> </div>our aggregate </div><div id="a42108" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:167.9px;">risk exposure<div style="display:inline-block;width:7.06px"> </div>in<div style="display:inline-block;width:5.3px"> </div>terms of<div style="display:inline-block;width:6.36px"> </div>capital-at-risk, the<div style="display:inline-block;width:6.45px"> </div>assessment<div style="display:inline-block;width:5.29px"> </div>by<div style="display:inline-block;width:5.2px"> </div>rating<div style="display:inline-block;width:5.2px"> </div>agencies,<div style="display:inline-block;width:5.45px"> </div>comparisons<div style="display:inline-block;width:5.5px"> </div>with peers<div style="display:inline-block;width:6.4px"> </div>and<div style="display:inline-block;width:5.13px"> </div>the<div style="display:inline-block;width:5.25px"> </div>effect of </div><div id="a42113" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:183.5px;">expected accounting policy changes.</div></div><div id="TextBlockContainer88" style="position:relative;font-family:'Frutiger';font-size:11.823px;color:#000000;line-height:normal;width:694px;height:318px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a43797" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.38px;top:0px;">Reconciliation of IFRS equity<div style="display:inline-block;width:5.46px"> </div>to Swiss SRB common<div style="display:inline-block;width:5.19px"> </div>equity tier 1 capital </div><div id="a43802" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:4.38px;top:18.5px;">USD m </div><div id="a43805" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:571.266px;top:18.5px;">31.12.22 </div><div id="a43807" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:651.226px;top:18.5px;">31.12.21 </div><div id="a43809" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:33.6px;">Total IFRS equity </div><div id="a43812_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:578.36px;top:33.6px;">57,218</div><div id="a43815_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:658.346px;top:33.6px;">61,002</div><div id="a43818" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:49.2px;">Equity attributable to non-controlling<div style="display:inline-block;width:3.74px"> </div>interests </div><div id="a43823_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:585.453px;top:49.2px;display:flex;">(342)</div><div id="a43826_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:665.44px;top:49.2px;display:flex;">(340)</div><div id="a43829" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:65.3px;">Defined benefit plans, net of tax </div><div id="a43832_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:585.453px;top:65.3px;display:flex;">(311)</div><div id="a43835_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:665.44px;top:65.3px;display:flex;">(270)</div><div id="a43838" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:81.9px;">Deferred tax assets recognized for tax loss carry-<div style="display:inline-block;width:1.38px"> </div>forwards </div><div id="a43843_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:578.36px;top:81.9px;display:flex;">(4,077)</div><div id="a43846_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:657.88px;top:81.9px;display:flex;">(4,565)</div><div id="a43849" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:98px;">Deferred tax assets on temporary differences,<div style="display:inline-block;width:3.73px"> </div>excess over threshold </div><div id="a43852_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:590.653px;top:98px;display:flex;">(64)</div><div id="a43855_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:670.173px;top:98px;display:flex;">(49)</div><div id="a43858" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:114.5px;">Goodwill, net of tax</div><div id="a43859" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:75.821px;top:115.2px;">1</div><div id="a43862_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:578.36px;top:114.5px;display:flex;">(5,754)</div><div id="a43865_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:657.88px;top:114.5px;display:flex;">(5,838)</div><div id="a43868" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:130.6px;">Intangible assets, net of tax </div><div id="a43871_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:585.453px;top:130.6px;display:flex;">(150)</div><div id="a43874_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:665.44px;top:130.6px;display:flex;">(180)</div><div id="a43877" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:147.2px;">Compensation-related components (not recognized<div style="display:inline-block;width:4.11px"> </div>in net profit) </div><div id="a43882_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:578.36px;top:147.2px;display:flex;">(2,287)</div><div id="a43885_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:657.88px;top:147.2px;display:flex;">(1,700)</div><div id="a43888" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:163.7px;">Expected losses on advanced internal ratings<div style="display:inline-block;width:1.49px"> </div>-based portfolio less provisions </div><div id="a43893_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:585.453px;top:163.7px;display:flex;">(471)</div><div id="a43896_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:665.44px;top:163.7px;display:flex;">(482)</div><div id="a43899" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:179.8px;">Unrealized (gains) / losses from cash flow hedges,<div style="display:inline-block;width:4.13px"> </div>net of tax </div><div id="a43903_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:583.093px;top:179.8px;">4,234</div><div id="a43906_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:665.44px;top:179.8px;display:flex;">(628)</div><div id="a43909" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:196.4px;">Own credit related to (gains) / losses on financial liabilities<div style="display:inline-block;width:3.7px"> </div>measured at fair value that existed at the<div style="display:inline-block;width:3.74px"> </div>balance sheet date,<div style="display:inline-block;width:3.19px"> </div>net of tax </div><div id="a43913_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:585.453px;top:196.4px;display:flex;">(523)</div><div id="a43916_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:670.173px;top:196.4px;">315</div><div id="a43919" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:212.5px;">Own credit related to (gains) / losses on derivative<div style="display:inline-block;width:3.75px"> </div>financial instruments that existed at the balance<div style="display:inline-block;width:3.78px"> </div>sheet date </div><div id="a43923_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:585.453px;top:212.5px;display:flex;">(105)</div><div id="a43926_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:670.173px;top:212.5px;display:flex;">(50)</div><div id="a43929" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:229px;">Unrealized gains related to financial assets at fair value through<div style="display:inline-block;width:4.38px"> </div>OCI, net of tax </div><div id="a43932_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:600.12px;top:229px;">0</div><div id="a43935_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:670.173px;top:229px;display:flex;">(68)</div><div id="a43938" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:245.1px;">Prudential valuation adjustments </div><div id="a43941_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:585.453px;top:245.1px;display:flex;">(201)</div><div id="a43944_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:665.44px;top:245.1px;display:flex;">(167)</div><div id="a43947" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:261.7px;">Accruals for dividends to shareholders </div><div id="a43951_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:578.36px;top:261.7px;display:flex;">(1,683)</div><div id="a43954_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:657.88px;top:261.7px;display:flex;">(1,700)</div><div id="a43957" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:277.8px;">Other </div><div id="a43960_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:590.653px;top:277.8px;display:flex;">(29)</div><div id="a43963_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:680.106px;top:277.8px;">1</div><div id="a43966" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:294.3px;">Total common equity tier 1 capital </div><div id="a43969_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:578.36px;top:294.3px;">45,457</div><div id="a43972_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:658.346px;top:294.3px;">45,281</div><div id="a43975" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:4.38px;top:309.8px;">1 Includes goodwill related to significant<div style="display:inline-block;width:3.79px"> </div>investments in financial<div style="display:inline-block;width:3.62px"> </div>institutions of USD </div><div id="a43975_88_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:270.15px;top:309.8px;">20</div><div id="a43975_90_48" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:278.663px;top:309.8px;">m as of 31 December 2022<div style="display:inline-block;width:3.55px"> </div>(31 December 2021:<div style="display:inline-block;width:3.65px"> </div>USD </div><div id="a43975_138_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:449.632px;top:309.8px;">22</div><div id="a43975_140_65" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:458.144px;top:309.8px;">m) presented on the balance<div style="display:inline-block;width:3.81px"> </div>sheet line Investments in associates.</div></div><div id="TextBlockContainer90" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:243px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a44038_1_122" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:40.878px;top:0px;">Our CET1<div style="display:inline-block;width:1.82px"> </div>capital<div style="display:inline-block;width:2px"> </div>mainly consists<div style="display:inline-block;width:0.78px"> </div>of: share<div style="display:inline-block;width:2.01px"> </div>capital;<div style="display:inline-block;width:2.11px"> </div>share<div style="display:inline-block;width:2.23px"> </div>premium, which<div style="display:inline-block;width:1.66px"> </div>primarily consists<div style="display:inline-block;width:0.84px"> </div>of additional<div style="display:inline-block;width:0.97px"> </div>paid-in capital </div><div id="a44043" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">related to<div style="display:inline-block;width:2.08px"> </div>shares issued;<div style="display:inline-block;width:1.47px"> </div>and retained<div style="display:inline-block;width:1.69px"> </div>earnings.<div style="display:inline-block;width:1.68px"> </div>A detailed<div style="display:inline-block;width:2.19px"> </div>reconciliation<div style="display:inline-block;width:1.34px"> </div>of International<div style="display:inline-block;width:1.15px"> </div>Financial<div style="display:inline-block;width:2.05px"> </div>Reporting Standards<div style="display:inline-block;width:1.29px"> </div>(IFRS) </div><div id="a44048" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.7px;">equity to CET1 capital<div style="display:inline-block;width:2.19px"> </div>is provided in<div style="display:inline-block;width:2.26px"> </div>the “Reconciliation<div style="display:inline-block;width:1.34px"> </div>of IFRS equity to Swiss<div style="display:inline-block;width:2.12px"> </div>SRB common equity<div style="display:inline-block;width:2.07px"> </div>tier 1 capital”<div style="display:inline-block;width:2.31px"> </div>table.<div style="display:inline-block;width:2.48px"> </div></div><div id="a44054" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:53.4px;">Our CET1 capital increased by USD </div><div id="a44054_34_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.018px;top:53.4px;">0.2</div><div id="a44054_37_10" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:224.935px;top:53.4px;">bn to USD </div><div id="a44054_47_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:287.392px;top:53.4px;">45.5</div><div id="a44054_51_66" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:313.401px;top:53.4px;">bn as of 31 December 2022, mainly as a result of operating<div style="display:inline-block;width:5.04px"> </div>profit </div><div id="a44065" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:68.6px;">before<div style="display:inline-block;width:6.49px"> </div>tax<div style="display:inline-block;width:5.79px"> </div>of<div style="display:inline-block;width:6.2px"> </div>USD </div><div id="a44065_18_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:117.045px;top:68.6px;">9.6</div><div id="a44065_21_47" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:135.992px;top:68.6px;">bn<div style="display:inline-block;width:6.08px"> </div>with<div style="display:inline-block;width:6.2px"> </div>associated<div style="display:inline-block;width:6.25px"> </div>current<div style="display:inline-block;width:6.13px"> </div>tax<div style="display:inline-block;width:6.27px"> </div>expenses<div style="display:inline-block;width:6.45px"> </div>of<div style="display:inline-block;width:6.2px"> </div>USD </div><div id="a44065_68_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:425.565px;top:68.6px;">1.4</div><div id="a44065_71_42" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:444.485px;top:68.6px;">bn,<div style="display:inline-block;width:6.22px"> </div>partly<div style="display:inline-block;width:5.26px"> </div>offset<div style="display:inline-block;width:6.18px"> </div>by<div style="display:inline-block;width:6.22px"> </div>share<div style="display:inline-block;width:6.49px"> </div>repurchases<div style="display:inline-block;width:6.82px"> </div>of </div><div id="a44081" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:84.2px;">USD </div><div id="a44081_4_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:33.312px;top:84.2px;">5.6</div><div id="a44081_7_65" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:51.755px;top:84.2px;">bn under<div style="display:inline-block;width:5.22px"> </div>our share<div style="display:inline-block;width:5.42px"> </div>repurchase programs,<div style="display:inline-block;width:5.65px"> </div>dividend accruals<div style="display:inline-block;width:5.29px"> </div>of USD </div><div id="a44081_72_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:440.698px;top:84.2px;">1.7</div><div id="a44081_75_41" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:459.614px;top:84.2px;">bn, negative foreign<div style="display:inline-block;width:5.83px"> </div>currency effects<div style="display:inline-block;width:5.61px"> </div>of </div><div id="a44089" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.3px;">USD </div><div id="a44089_4_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:33.312px;top:99.3px;">0.5</div><div id="a44089_7_69" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:51.754px;top:99.3px;">bn and compensation- and<div style="display:inline-block;width:5.23px"> </div>own share-related capital components<div style="display:inline-block;width:5.03px"> </div>of USD </div><div id="a44089_76_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:474.312px;top:99.3px;">0.3</div><div id="a44089_79_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:492.752px;top:99.3px;">bn. </div><div id="a44108" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:111.5px;">›</div><div id="a44109" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:111.7px;"> </div><div id="a44110" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:116.4px;">Refer to “UBS shares”<div style="display:inline-block;width:1.55px"> </div>in this section<div style="display:inline-block;width:1.67px"> </div>for more information<div style="display:inline-block;width:0.7px"> </div>about our share repurchase<div style="display:inline-block;width:1.18px"> </div>programs </div><div id="a44118" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:137.2px;">Our<div style="display:inline-block;width:7.04px"> </div>loss-absorbing<div style="display:inline-block;width:7.97px"> </div>AT1<div style="display:inline-block;width:6.93px"> </div>capital<div style="display:inline-block;width:6.83px"> </div>decreased<div style="display:inline-block;width:7.43px"> </div>by<div style="display:inline-block;width:7.09px"> </div>USD </div><div id="a44118_48_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:307.285px;top:137.2px;">2.3</div><div id="a44118_51_10" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:325.728px;top:137.2px;">bn<div style="display:inline-block;width:7.5px"> </div>to<div style="display:inline-block;width:6.67px"> </div>USD </div><div id="a44118_61_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:394.832px;top:137.2px;">12.9</div><div id="a44118_65_41" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:420.841px;top:137.2px;">bn,<div style="display:inline-block;width:7.16px"> </div>mainly<div style="display:inline-block;width:6.73px"> </div>driven<div style="display:inline-block;width:7.04px"> </div>by<div style="display:inline-block;width:7.09px"> </div>our<div style="display:inline-block;width:7.34px"> </div>announcement<div style="display:inline-block;width:7.33px"> </div>on </div><div id="a44128" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:152.3px;">5 December 2022<div style="display:inline-block;width:6.8px"> </div>that we<div style="display:inline-block;width:5.78px"> </div>intended<div style="display:inline-block;width:5.36px"> </div>to redeem<div style="display:inline-block;width:5.49px"> </div>an AT1<div style="display:inline-block;width:6.29px"> </div>capital instrument<div style="display:inline-block;width:5.36px"> </div>on<div style="display:inline-block;width:5.13px"> </div>31 January<div style="display:inline-block;width:5.29px"> </div>2023,<div style="display:inline-block;width:5.64px"> </div>the first<div style="display:inline-block;width:5.31px"> </div>call date<div style="display:inline-block;width:5.42px"> </div>(ISIN </div><div id="a44138" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:167.5px;">CH0400441280, with a nominal amount of USD </div><div id="a44138_43_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:283.138px;top:167.5px;">2.0</div><div id="a44138_46_69" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:302.054px;top:167.5px;">bn, issued on 31 January 2018; this instrument ceased to be eligible </div><div id="a44145" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:182.6px;">as AT1 capital when the call was announced in December 2022), a call of a<div style="display:inline-block;width:2.21px"> </div>USD </div><div id="a44145_78_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:459.178px;top:182.6px;">1.1</div><div id="a44145_81_37" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:478.098px;top:182.6px;">bn equivalent AT1 capital instrument </div><div id="a44154" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:198.2px;">denominated in<div style="display:inline-block;width:5.53px"> </div>euro,<div style="display:inline-block;width:4.47px"> </div>and interest<div style="display:inline-block;width:5.16px"> </div>rate risk hedge,<div style="display:inline-block;width:5.61px"> </div>foreign currency translation<div style="display:inline-block;width:5.56px"> </div>and other<div style="display:inline-block;width:5.34px"> </div>effects. This was<div style="display:inline-block;width:5.7px"> </div>partly offset </div><div id="a44159" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:213.4px;">by<div style="display:inline-block;width:6.15px"> </div>two<div style="display:inline-block;width:6.3px"> </div>issuances<div style="display:inline-block;width:6.39px"> </div>of<div style="display:inline-block;width:5.72px"> </div>AT1<div style="display:inline-block;width:6.46px"> </div>capital<div style="display:inline-block;width:5.79px"> </div>instruments<div style="display:inline-block;width:6.14px"> </div>denominated<div style="display:inline-block;width:6.75px"> </div>in<div style="display:inline-block;width:5.77px"> </div>US<div style="display:inline-block;width:6.3px"> </div>dollars<div style="display:inline-block;width:5.77px"> </div>and<div style="display:inline-block;width:6.55px"> </div>Swiss<div style="display:inline-block;width:5.77px"> </div>francs<div style="display:inline-block;width:5.89px"> </div>amounting<div style="display:inline-block;width:6.75px"> </div>to<div style="display:inline-block;width:5.72px"> </div>USD </div><div id="a44159_104_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:652.698px;top:213.4px;">1.8</div><div id="a44159_107_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:671.165px;top:213.4px;">bn </div><div id="a44165" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:229px;">equivalent.</div></div><div id="TextBlockContainer92" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:29px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a44175_1_64" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:43.242px;top:0px;">Our total gone concern loss-absorbing capacity increased<div style="display:inline-block;width:5.61px"> </div>by USD </div><div id="a44175_65_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:417.538px;top:0px;">2.7</div><div id="a44175_68_10" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:435.981px;top:0px;">bn<div style="display:inline-block;width:5.13px"> </div>to USD </div><div id="a44175_78_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:500.352px;top:0px;">47.0</div><div id="a44175_82_26" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:526.361px;top:0px;">bn as<div style="display:inline-block;width:5.29px"> </div>of 31 December 2022 </div><div id="a44190" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">and included USD </div><div id="a44190_17_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:108.058px;top:15.1px;">44.0</div><div id="a44190_21_42" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:133.632px;top:15.1px;">bn of TLAC-eligible<div style="display:inline-block;width:2.05px"> </div>senior unsecured<div style="display:inline-block;width:1.99px"> </div>debt.</div></div> 57218000000 61002000000 342000000 340000000 311000000 270000000 4077000000 4565000000 64000000 49000000 5754000000 5838000000 150000000 180000000 2287000000 1700000000 471000000 482000000 -4234000000 628000000 523000000 -315000000 105000000 50000000 0 68000000 201000000 167000000 1683000000 1700000000 29000000 -1000000 45457000000 45281000000 20000000 22000000 200000000 45500000000 9600000000 1400000000 -5600000000 -1700000000 -500000000 -300000000 -2300000000 12900000000 2000000000.0 1100000000 1800000000 2700000000 47000000000.0 44000000000.0 <div id="TextBlockContainer94" style="position:relative;font-family:'Frutiger';font-size:11.823px;color:#000000;line-height:normal;width:689px;height:298px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a48362" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.38px;top:0px;">Reconciliation of IFRS equity<div style="display:inline-block;width:5.46px"> </div>to Swiss SRB common<div style="display:inline-block;width:5.19px"> </div>equity tier 1 capital<div style="display:inline-block;width:4.71px"> </div>(UBS Group AG<div style="display:inline-block;width:4.85px"> </div>vs UBS AG consolidated) </div><div id="a48365" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:4.38px;top:18.5px;">As of 31.12.22 </div><div id="a48370" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:4.38px;top:46.9px;">USD m </div><div id="a48373" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:499.349px;top:35px;">UBS Group AG </div><div id="a48374" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:502.189px;top:46.9px;">(consolidated) </div><div id="a48376" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:594.442px;top:35px;">UBS AG </div><div id="a48377" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:572.216px;top:46.9px;">(consolidated) </div><div id="a48379" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:643.176px;top:46.9px;">Difference </div><div id="a48381" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:59.7px;">Total IFRS equity </div><div id="a48384_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:526.789px;top:59.7px;">57,218</div><div id="a48387_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:596.802px;top:59.7px;">56,940</div><div id="a48390_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:665.442px;top:59.7px;">278</div><div id="a48393" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:73.4px;">Equity attributable to non-controlling<div style="display:inline-block;width:3.71px"> </div>interests </div><div id="a48399_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:533.882px;top:73.4px;display:flex;">(342)</div><div id="a48402_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:603.936px;top:73.4px;display:flex;">(342)</div><div id="a48406" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:88px;">Defined benefit plans, net of tax </div><div id="a48409_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:533.882px;top:88px;display:flex;">(311)</div><div id="a48412_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:603.936px;top:88px;display:flex;">(311)</div><div id="a48416" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:102.2px;">Deferred tax assets recognized for tax loss carry-<div style="display:inline-block;width:1.41px"> </div>forwards </div><div id="a48421_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:526.789px;top:102.2px;display:flex;">(4,077)</div><div id="a48424_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:596.802px;top:102.2px;display:flex;">(4,077)</div><div id="a48428" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:116.4px;">Deferred tax assets on temporary differences,<div style="display:inline-block;width:3.73px"> </div>excess over threshold </div><div id="a48432_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:539.082px;top:116.4px;display:flex;">(64)</div><div id="a48435_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:603.936px;top:116.4px;display:flex;">(262)</div><div id="a48438_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:665.442px;top:116.4px;">198</div><div id="a48441" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:131.1px;">Goodwill, net of tax </div><div id="a48444_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:526.789px;top:131.1px;display:flex;">(5,754)</div><div id="a48447_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:596.802px;top:131.1px;display:flex;">(5,754)</div><div id="a48451" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:145.3px;">Intangible assets, net of tax </div><div id="a48454_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:533.882px;top:145.3px;display:flex;">(150)</div><div id="a48457_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:603.936px;top:145.3px;display:flex;">(150)</div><div id="a48461" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:159.5px;">Compensation-related components (not recognized<div style="display:inline-block;width:4.11px"> </div>in net profit) </div><div id="a48466_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:526.789px;top:159.5px;display:flex;">(2,287)</div><div id="a48470_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:653.616px;top:159.5px;display:flex;">(2,287)</div><div id="a48473" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:174.1px;">Expected losses on advanced internal ratings<div style="display:inline-block;width:1.47px"> </div>-based portfolio less provisions </div><div id="a48479_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:533.882px;top:174.1px;display:flex;">(471)</div><div id="a48482_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:603.936px;top:174.1px;display:flex;">(471)</div><div id="a48486" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:188.3px;">Unrealized (gains) / losses from cash flow hedges,<div style="display:inline-block;width:4.13px"> </div>net of tax </div><div id="a48489_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:531.509px;top:188.3px;">4,234</div><div id="a48492_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:601.562px;top:188.3px;">4,234</div><div id="a48496" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:202.5px;">Own credit related to (gains) / losses on financial liabilities<div style="display:inline-block;width:3.7px"> </div>measured at fair value that existed at the<div style="display:inline-block;width:3.96px"> </div>balance sheet date, net of tax </div><div id="a48500_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:533.882px;top:202.5px;display:flex;">(523)</div><div id="a48503_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:603.936px;top:202.5px;display:flex;">(523)</div><div id="a48507" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:216.7px;">Own credit related to (gains) / losses on derivative financial<div style="display:inline-block;width:4.08px"> </div>instruments that existed at the balance sheet date </div><div id="a48510_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:533.882px;top:216.7px;display:flex;">(105)</div><div id="a48513_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:603.936px;top:216.7px;display:flex;">(105)</div><div id="a48517" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:231.4px;">Unrealized gains related to financial assets at fair value through<div style="display:inline-block;width:4.38px"> </div>OCI, net of tax </div><div id="a48521_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:548.576px;top:231.4px;">0</div><div id="a48524_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:618.589px;top:231.4px;">0</div><div id="a48528" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:245.6px;">Prudential valuation adjustments </div><div id="a48531_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:533.882px;top:245.6px;display:flex;">(201)</div><div id="a48534_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:603.936px;top:245.6px;display:flex;">(201)</div><div id="a48538" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:259.8px;">Accruals for dividends to shareholders </div><div id="a48541_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:526.789px;top:259.8px;display:flex;">(1,683)</div><div id="a48544_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:596.802px;top:259.8px;display:flex;">(6,000)</div><div id="a48547_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:658.349px;top:259.8px;">4,317</div><div id="a48550" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:274.4px;">Other </div><div id="a48553_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:539.082px;top:274.4px;display:flex;">(29)</div><div id="a48556_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:609.136px;top:274.4px;display:flex;">(51)</div><div id="a48559_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:670.642px;top:274.4px;">22</div><div id="a48562" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:288.2px;">Total common equity tier 1 capital </div><div id="a48565_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:526.789px;top:288.2px;">45,457</div><div id="a48568_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:596.802px;top:288.2px;">42,929</div><div id="a48571_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:658.349px;top:288.2px;">2,528</div></div> 57218000000 56940000000 278000000 342000000 342000000 311000000 311000000 4077000000 4077000000 64000000 262000000 -198000000 5754000000 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3551578393 7630000000 7457000000 6557000000 0 0 -1000000 7630000000 7457000000 6556000000 3260938561 3482963682 3583176189 136531654 144277693 123852137 3397470215 3627241375 3707028326 2.34 2.14 1.83 2.25 2.06 1.77 4182799 5886945 2536789 1690247 6553051 11414728 5873046 12439996 13951517 7661000000 7486000000 6572000000 2061000000 2118000000 2126000000 29000000 -148000000 694000000 32000000 105000000 84000000 494000000 434000000 352000000 -1470000000 -230000000 -698000000 -16587000000 100000000 3246000000 5844000000 3802000000 -8076000000 -1088000000 2148000000 3586000000 4443000000 -2316000000 9588000000 76000000 -3312000000 -3487000000 -5163000000 2365000000 18149000000 8006000000 -10516000000 11259000000 6019000000 8115000000 -5199000000 5678000000 19609000000 320000000 257000000 3010000000 -387000000 1582000000 1134000000 1002000000 14647000000 31425000000 36958000000 3000000 1000000 46000000 1730000000 593000000 674000000 1643000000 1841000000 1854000000 161000000 295000000 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10076000000 124000000 15270000000 -5148000000 -475000000 -4673000000 2480000000 -56000000 -2724000000 -3175000000 -475000000 -2700000000 -1617000000 -65000000 -4857000000 4097000000 9000000 4106000000 -1972000000 -1972000000 -1972000000 139155000000 43098000000 96057000000 73799000000 2128000000 215082000000 -14333000000 -12249000000 -2084000000 13782000000 -253000000 -804000000 -10201000000 -1173000000 -9028000000 -13944000000 -190000000 -24335000000 -3526000000 -1173000000 -2353000000 -1394000000 -115000000 -5035000000 -12550000000 -75000000 -12625000000 -6675000000 -6675000000 -6675000000 114621000000 29676000000 84945000000 73638000000 1684000000 189943000000 <div id="TextBlockContainer96" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:71px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a83945" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">a) Material accounting policies </div><div id="a83947" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.3px;">This Note<div style="display:inline-block;width:5.18px"> </div>describes the material<div style="display:inline-block;width:5.31px"> </div>accounting<div style="display:inline-block;width:5.08px"> </div>policies applied<div style="display:inline-block;width:5.17px"> </div>in the preparation<div style="display:inline-block;width:5.57px"> </div>of the consolidated<div style="display:inline-block;width:6px"> </div>financial statements </div><div id="a83948" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.9px;">(the Financial Statements) of UBS<div style="display:inline-block;width:5.26px"> </div>Group AG and<div style="display:inline-block;width:5.03px"> </div>its subsidiaries (UBS or the Group).<div style="display:inline-block;width:5.26px"> </div>On 23 February 2023,<div style="display:inline-block;width:5.46px"> </div>the Financial </div><div id="a83957" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:58px;">Statements were authorized<div style="display:inline-block;width:5.02px"> </div>for issue by the Board<div style="display:inline-block;width:5.03px"> </div>of Directors (the BoD).</div></div><div id="TextBlockContainer112" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:858px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_98_XBRL_TS_c7a1f8b06caf4452b4be87881a7ddd9a" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer99" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:143px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a83963" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Basis of accounting </div><div id="a83965" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23.1px;">The Financial<div style="display:inline-block;width:5.67px"> </div>Statements have<div style="display:inline-block;width:5.89px"> </div>been<div style="display:inline-block;width:5.13px"> </div>prepared<div style="display:inline-block;width:5.51px"> </div>in accordance<div style="display:inline-block;width:5.49px"> </div>with International<div style="display:inline-block;width:5.85px"> </div>Financial Reporting<div style="display:inline-block;width:6.54px"> </div>Standards<div style="display:inline-block;width:5.32px"> </div>(IFRS), as </div><div id="a83968" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.2px;">issued by the International Accounting Standards<div style="display:inline-block;width:5.64px"> </div>Board (the IASB),<div style="display:inline-block;width:5.52px"> </div>and are presented in US<div style="display:inline-block;width:5.06px"> </div>dollars (USD). </div><div id="a83972" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61.4px;">Disclosures marked as audited in<div style="display:inline-block;width:5.06px"> </div>the “Risk, capital, liquidity and funding,<div style="display:inline-block;width:5.68px"> </div>and balance sheet” section of this report<div style="display:inline-block;width:5.14px"> </div>form </div><div id="a83978" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.5px;">an integral part of the Financial Statements. These disclosures relate to requirements under<div style="display:inline-block;width:5.31px"> </div>IFRS 7, </div><div id="a83984" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:563.285px;top:76.2px;">Financial Instruments: </div><div id="a83985" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:91.4px;">Disclosures,</div><div id="a83987" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:70.67px;top:91.7px;"><div style="display:inline-block;width:3.78px"> </div>and IAS 1, </div><div id="a83989" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:137.418px;top:91.4px;">Presentation of Financial Statements, </div><div id="a83992" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:350.352px;top:91.7px;">and are not repeated<div style="display:inline-block;width:5.17px"> </div>in this section.<div style="display:inline-block;width:3.84px"> </div></div><div id="a83994" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:114.4px;">The<div style="display:inline-block;width:5.4px"> </div>accounting<div style="display:inline-block;width:5.55px"> </div>policies<div style="display:inline-block;width:5.14px"> </div>described<div style="display:inline-block;width:5.87px"> </div>in<div style="display:inline-block;width:5.3px"> </div>this<div style="display:inline-block;width:5.2px"> </div>Note<div style="display:inline-block;width:5.4px"> </div>have<div style="display:inline-block;width:5.2px"> </div>been<div style="display:inline-block;width:5.61px"> </div>applied<div style="display:inline-block;width:5.6px"> </div>consistently<div style="display:inline-block;width:5.27px"> </div>in<div style="display:inline-block;width:5.3px"> </div>all<div style="display:inline-block;width:5.46px"> </div>years presented<div style="display:inline-block;width:7.07px"> </div>unless<div style="display:inline-block;width:5.63px"> </div>otherwise </div><div id="a84001" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:129.5px;">stated in Note 1b.</div></div></div><div id="a84001_18_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:107.592px;top:129.5px;"><div style="display:inline-block;width:3.31px"> </div></div><div id="a84004" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:145.1px;"> </div><div id="div_100_XBRL_TS_5e0a270192914b9c847ea4c5fb4afb4d" style="position:absolute;left:8.793px;top:164.9px;float:left;"><div id="TextBlockContainer101" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:219px;height:10px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a84005" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Critical accounting estimates and judgments</div></div></div><div id="div_102_XBRL_TS_37259e1a528c48338625e798098a42d6" style="position:absolute;left:8.793px;top:186.9px;float:left;"><div id="TextBlockContainer103" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:677px;height:197px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a84007" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:0px;">Preparation of these<div style="display:inline-block;width:0.71px"> </div>Financial<div style="display:inline-block;width:0.95px"> </div>Statements under<div style="display:inline-block;width:0.62px"> </div>IFRS requires<div style="display:inline-block;width:1.22px"> </div>management to<div style="display:inline-block;width:1.17px"> </div>apply judgment<div style="display:inline-block;width:0.92px"> </div>and make<div style="display:inline-block;width:1.09px"> </div>estimates<div style="display:inline-block;width:1.42px"> </div>and assumptions that<div style="display:inline-block;width:0.55px"> </div>affect reported<div style="display:inline-block;width:0.76px"> </div>amounts </div><div id="a84010" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:13.2px;">of assets, liabilities, income and expenses,<div style="display:inline-block;width:1.82px"> </div>and disclosure of contingent assets and liabilities,<div style="display:inline-block;width:1.14px"> </div>and may involve significant uncertainty<div style="display:inline-block;width:1.1px"> </div>at the time they are made. </div><div id="a84015" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:26.5px;">Such estimates<div style="display:inline-block;width:0.47px"> </div>and assumptions<div style="display:inline-block;width:0.67px"> </div>are based<div style="display:inline-block;width:0.96px"> </div>on the<div style="display:inline-block;width:1.25px"> </div>best available<div style="display:inline-block;width:0.39px"> </div>information. UBS<div style="display:inline-block;width:0.53px"> </div>regularly reassesses<div style="display:inline-block;width:0.76px"> </div>such estimates<div style="display:inline-block;width:0px;margin-left:-0.29px"> </div>and assumptions,<div style="display:inline-block;width:0.75px"> </div>which encompass<div style="display:inline-block;width:0.14px"> </div>historical </div><div id="a84020" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:40.2px;">experience, expectations of<div style="display:inline-block;width:4.8px"> </div>the future<div style="display:inline-block;width:4.51px"> </div>and other<div style="display:inline-block;width:4.95px"> </div>pertinent factors, to<div style="display:inline-block;width:4.96px"> </div>determine their<div style="display:inline-block;width:4.41px"> </div>continuing relevance based<div style="display:inline-block;width:4.48px"> </div>on current<div style="display:inline-block;width:5.09px"> </div>conditions, updating them<div style="display:inline-block;width:4.29px"> </div>as </div><div id="a84022" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:53.5px;">necessary. Changes<div style="display:inline-block;width:0.89px"> </div>in those<div style="display:inline-block;width:0.38px"> </div>estimates<div style="display:inline-block;width:0.95px"> </div>and assumptions<div style="display:inline-block;width:0px;margin-left:-0.14px"> </div>may have<div style="display:inline-block;width:0.88px"> </div>a significant<div style="display:inline-block;width:0px;margin-left:-0.17px"> </div>effect on<div style="display:inline-block;width:0.89px"> </div>the Financial<div style="display:inline-block;width:0px"> </div>Statements.<div style="display:inline-block;width:0.87px"> </div>Furthermore, actual<div style="display:inline-block;width:0.29px"> </div>results<div style="display:inline-block;width:1.04px"> </div>may differ<div style="display:inline-block;width:0.67px"> </div>significantly </div><div id="a84026" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:66.7px;">from UBS’s estimates,<div style="display:inline-block;width:1.2px"> </div>which could<div style="display:inline-block;width:1.16px"> </div>result in significant<div style="display:inline-block;width:0.64px"> </div>losses to the Group,<div style="display:inline-block;width:0.77px"> </div>beyond what was<div style="display:inline-block;width:1.08px"> </div>anticipated or provided<div style="display:inline-block;width:0.79px"> </div>for.<div style="display:inline-block;width:3.36px"> </div></div><div id="a84028" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:79.9px;">The<div style="display:inline-block;width:4.41px"> </div>following<div style="display:inline-block;width:4.24px"> </div>areas<div style="display:inline-block;width:4.12px"> </div>contain<div style="display:inline-block;width:4.48px"> </div>estimation<div style="display:inline-block;width:4.09px"> </div>uncertainty<div style="display:inline-block;width:4.1px"> </div>or require<div style="display:inline-block;width:5.79px"> </div>critical<div style="display:inline-block;width:4.2px"> </div>judgment and<div style="display:inline-block;width:5.65px"> </div>have<div style="display:inline-block;width:4.26px"> </div>a significant<div style="display:inline-block;width:5.04px"> </div>effect<div style="display:inline-block;width:4.29px"> </div>on amounts<div style="display:inline-block;width:5.96px"> </div>recognized<div style="display:inline-block;width:4.43px"> </div>in<div style="display:inline-block;width:4.09px"> </div>the Financial </div><div id="a84031" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:93.2px;">Statements:<div style="display:inline-block;width:3.27px"> </div></div><div id="a84033" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:106.8px;">–</div><div id="a84034" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:8.882px;top:106.8px;"> </div><div id="a84035" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:106.9px;">expected credit loss measurement<div style="display:inline-block;width:4.45px"> </div>(refer to item 2g in this Note and<div style="display:inline-block;width:4.42px"> </div>to Note 19); </div><div id="a84041" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:120.1px;">–</div><div id="a84042" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:8.882px;top:120px;"> </div><div id="a84043" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:120.1px;">fair value measurement (<div style="display:inline-block;width:1.35px"> </div>refer to item 2f in this Note and<div style="display:inline-block;width:4.13px"> </div>to Note 20); </div><div id="a84050" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:133.3px;">–</div><div id="a84051" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:8.882px;top:133.3px;"> </div><div id="a84052" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:133.4px;">income taxes (refer to item<div style="display:inline-block;width:4.36px"> </div>6 in this Note and to Note 8); </div><div id="a84058" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:146.6px;">–</div><div id="a84059" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:8.882px;top:146.6px;"> </div><div id="a84060" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:146.7px;">provisions and contingent liabilities<div style="display:inline-block;width:4.54px"> </div>(refer to item 9 in this Note and to Note<div style="display:inline-block;width:4.12px"> </div>17); </div><div id="a84070" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:159.8px;">–</div><div id="a84071" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:8.882px;top:159.8px;"> </div><div id="a84072" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:159.9px;">post-employment benefit plans<div style="display:inline-block;width:4.31px"> </div>(refer to item 5 in this Note and to Note 2<div style="display:inline-block;width:1.51px"> </div>6); </div><div id="a84085" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:173.5px;">–</div><div id="a84086" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:8.882px;top:173.5px;"> </div><div id="a84087" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:173.6px;">goodwill (refer<div style="display:inline-block;width:4.11px"> </div>to item 8 in this Note and to Note 12); and </div><div id="a84095" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:186.8px;">–</div><div id="a84096" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:8.882px;top:186.7px;"> </div><div id="a84097" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:186.9px;">consolidation of structured<div style="display:inline-block;width:4.24px"> </div>entities (refer to item 1 in this<div style="display:inline-block;width:4.17px"> </div>Note and to Note 28).</div></div></div><div id="a84097_83_2" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;color:#000000;left:368.312px;top:373.8px;"><div style="display:inline-block;width:2.37px"> </div></div><div id="div_104_XBRL_TS_b29b4341510645b19070833e68c07ad4" style="position:absolute;left:0px;top:405px;float:left;"><div id="TextBlockContainer105" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:227px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a84104" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">1) Consolidation </div><div id="a84106" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23.5px;">The Financial<div style="display:inline-block;width:5.67px"> </div>Statements include<div style="display:inline-block;width:6.21px"> </div>the financial<div style="display:inline-block;width:5.56px"> </div>statements of<div style="display:inline-block;width:5.99px"> </div>the parent<div style="display:inline-block;width:6.17px"> </div>company (UBS<div style="display:inline-block;width:5.82px"> </div>Group AG)<div style="display:inline-block;width:6.05px"> </div>and its<div style="display:inline-block;width:5.5px"> </div>subsidiaries, </div><div id="a84110" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.6px;">presented as<div style="display:inline-block;width:5.47px"> </div>a single economic<div style="display:inline-block;width:5.13px"> </div>entity;<div style="display:inline-block;width:4.07px"> </div>intercompany transactions<div style="display:inline-block;width:5.8px"> </div>and balances have<div style="display:inline-block;width:5.49px"> </div>been eliminated. UBS<div style="display:inline-block;width:5.59px"> </div>consolidates </div><div id="a84114" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:54.2px;">all entities that<div style="display:inline-block;width:5.78px"> </div>it controls,<div style="display:inline-block;width:5.44px"> </div>including<div style="display:inline-block;width:5.23px"> </div>structured entities<div style="display:inline-block;width:5.31px"> </div>(SEs), which<div style="display:inline-block;width:5.87px"> </div>is the case<div style="display:inline-block;width:5.72px"> </div>when it<div style="display:inline-block;width:5.08px"> </div>has:<div style="display:inline-block;width:4.73px"> </div>(i) power over<div style="display:inline-block;width:5.24px"> </div>the relevant </div><div id="a84121" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:69.4px;">activities of<div style="display:inline-block;width:5.8px"> </div>the entity;<div style="display:inline-block;width:5.61px"> </div>(ii) exposure<div style="display:inline-block;width:5.37px"> </div>to an<div style="display:inline-block;width:5.56px"> </div>entity‘s variable<div style="display:inline-block;width:5.25px"> </div>returns; and<div style="display:inline-block;width:5.85px"> </div>(iii) the ability<div style="display:inline-block;width:5.87px"> </div>to use<div style="display:inline-block;width:5.61px"> </div>its power<div style="display:inline-block;width:5.45px"> </div>to affect<div style="display:inline-block;width:5.05px"> </div>its own </div><div id="a84136" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:84.5px;">returns. </div><div id="a84138" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.7px;">Consideration is given to all facts<div style="display:inline-block;width:2.06px"> </div>and circumstances to determine whether the Group has power over another entity,<div style="display:inline-block;width:1.77px"> </div>i.e., </div><div id="a84146" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:122.8px;">the current ability to direct the relevant activities<div style="display:inline-block;width:5.22px"> </div>of an entity when decisions<div style="display:inline-block;width:5.31px"> </div>about those activities need to be<div style="display:inline-block;width:5.21px"> </div>made.<div style="display:inline-block;width:4.35px"> </div></div><div id="a84148" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:145.6px;">Subsidiaries,<div style="display:inline-block;width:5.58px"> </div>including<div style="display:inline-block;width:5.7px"> </div>SEs,<div style="display:inline-block;width:5.36px"> </div>are consolidated<div style="display:inline-block;width:6.83px"> </div>from<div style="display:inline-block;width:5.18px"> </div>the date<div style="display:inline-block;width:6.35px"> </div>when<div style="display:inline-block;width:5.24px"> </div>control<div style="display:inline-block;width:5.43px"> </div>is gained<div style="display:inline-block;width:6.48px"> </div>and<div style="display:inline-block;width:5.61px"> </div>deconsolidated<div style="display:inline-block;width:5.43px"> </div>from<div style="display:inline-block;width:5.18px"> </div>the<div style="display:inline-block;width:5.25px"> </div>date </div><div id="a84152" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.7px;">when control ceases. Control,<div style="display:inline-block;width:5.06px"> </div>or the lack thereof, is reassessed if facts and circumstances<div style="display:inline-block;width:5.43px"> </div>indicate that there is a change </div><div id="a84153" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:176.3px;">to one or more elements req<div style="display:inline-block;width:1.39px"> </div>uired to establish that control is present. </div><div id="a84159" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:199px;">Business<div style="display:inline-block;width:5.38px"> </div>combinations<div style="display:inline-block;width:5.07px"> </div>are accounted<div style="display:inline-block;width:6.12px"> </div>for using<div style="display:inline-block;width:6.23px"> </div>the acquisition<div style="display:inline-block;width:6.49px"> </div>method.<div style="display:inline-block;width:5.13px"> </div>The amount<div style="display:inline-block;width:5.81px"> </div>of any<div style="display:inline-block;width:5.83px"> </div>non-controlling<div style="display:inline-block;width:5.96px"> </div>interest is </div><div id="a84162" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:214.1px;">measured at the non-controlling<div style="display:inline-block;width:5.32px"> </div>interest’s proportionate share<div style="display:inline-block;width:5.14px"> </div>of the acquiree’s identifiable net assets.</div></div></div><div id="a84162_105_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:586.897px;top:619.1px;"><div style="display:inline-block;width:4.28px"> </div></div><div id="a84167" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:630.9px;">›</div><div id="a84168" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:631.1px;"> </div><div id="a84169" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:635.7px;">Refer to Note 28</div><div id="a84171" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#006600;left:114.205px;top:635.7px;"> </div><div id="a84172" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:117.045px;top:635.7px;">for more information </div><div id="a84177" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:649px;"> </div><div id="div_106_XBRL_TS_df91fc500cc143b780792fb75c74b2a7" style="position:absolute;left:8.793px;top:669.2px;float:left;"><div id="TextBlockContainer107" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:219px;height:10px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a84178" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Critical accounting estimates and judgments</div></div></div><div id="div_108_XBRL_TS_35b2e7b7cf5e45619622d011e6df42fd" style="position:absolute;left:8.793px;top:690.7px;float:left;"><div id="TextBlockContainer109" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:674px;height:64px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a84180" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:0px;">Each individual<div style="display:inline-block;width:4.24px"> </div>entity is assessed<div style="display:inline-block;width:4.48px"> </div>for consolidation in line<div style="display:inline-block;width:4.69px"> </div>with the aforementioned<div style="display:inline-block;width:4.41px"> </div>consolidation principles. The<div style="display:inline-block;width:4.13px"> </div>assessment of<div style="display:inline-block;width:4.63px"> </div>control can be<div style="display:inline-block;width:4.27px"> </div>complex and </div><div id="a84183" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:13.7px;">requires the use of significant judgment<div style="display:inline-block;width:1.9px"> </div>,<div style="display:inline-block;width:2.48px"> </div>in particular in determining whether UBS has power over the entity.<div style="display:inline-block;width:5.03px"> </div>As the nature and extent of UBS’s involvement </div><div id="a84191" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:27px;">is unique<div style="display:inline-block;width:4.97px"> </div>for each<div style="display:inline-block;width:4.49px"> </div>entity,<div style="display:inline-block;width:4.7px"> </div>there is<div style="display:inline-block;width:4.75px"> </div>no uniform<div style="display:inline-block;width:4.55px"> </div>consolidation outcome<div style="display:inline-block;width:5.09px"> </div>by entity.<div style="display:inline-block;width:5.73px"> </div>Certain entities<div style="display:inline-block;width:4.57px"> </div>within a<div style="display:inline-block;width:4.82px"> </div>class may<div style="display:inline-block;width:4.27px"> </div>be consolidated<div style="display:inline-block;width:5.09px"> </div>while others<div style="display:inline-block;width:4.4px"> </div>may not. </div><div id="a84199" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:40.2px;">When carrying out the consolidation assessment, judgment<div style="display:inline-block;width:0.95px"> </div>is exercised considering all the<div style="display:inline-block;width:1.34px"> </div>relevant facts and circumstances, including the nature<div style="display:inline-block;width:1.39px"> </div>and activities </div><div id="a84201" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:53.5px;">of the investee, as well as the substance<div style="display:inline-block;width:4.15px"> </div>of voting and similar rights.</div></div></div><div id="a84201_71_2" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;color:#000000;left:302.966px;top:744.2px;"><div style="display:inline-block;width:2.43px"> </div></div><div id="a84204" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:752.9px;">›</div><div id="a84205" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:753.1px;"> </div><div id="a84206" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:757.8px;">Refer to Note 28<div style="display:inline-block;width:1.57px"> </div>for more information </div><div id="div_110_XBRL_TS_de3299b34be54ae9970731ba9e7eb7bf" style="position:absolute;left:0px;top:790.6px;float:left;"><div id="TextBlockContainer111" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:67px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a84208" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">2)<div style="display:inline-block;width:3.83px"> </div>Financial instruments </div><div id="a84211" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:23px;">a. Recognition </div><div id="a84214" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.6px;">UBS<div style="display:inline-block;width:5.08px"> </div>recognizes financial<div style="display:inline-block;width:5.75px"> </div>instruments<div style="display:inline-block;width:5.19px"> </div>when<div style="display:inline-block;width:5.24px"> </div>it becomes<div style="display:inline-block;width:5.81px"> </div>a party<div style="display:inline-block;width:5.47px"> </div>to contractual<div style="display:inline-block;width:5.94px"> </div>provisions<div style="display:inline-block;width:5.78px"> </div>of an<div style="display:inline-block;width:5.69px"> </div>instrument. UBS<div style="display:inline-block;width:6.18px"> </div>applies </div><div id="a84221" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">settlement date accounting to<div style="display:inline-block;width:5.02px"> </div>all standard purchases<div style="display:inline-block;width:5.09px"> </div>and sales of non-derivative financial<div style="display:inline-block;width:5.19px"> </div>instruments.</div></div></div></div><div id="TextBlockContainer115" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:815px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a84265" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">In transactions where UBS acts as<div style="display:inline-block;width:2.12px"> </div>a transferee, to the<div style="display:inline-block;width:2.29px"> </div>extent the financial asset<div style="display:inline-block;width:2.2px"> </div>transfer does not qualify for derecognition </div><div id="a84278" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">by the transferor, UBS does<div style="display:inline-block;width:5.39px"> </div>not recognize<div style="display:inline-block;width:3.94px"> </div>the transferred instrument as its asset. </div><div id="a84285" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:38.3px;">UBS also acts in a<div style="display:inline-block;width:2.13px"> </div>fiduciary capacity, which results<div style="display:inline-block;width:2.21px"> </div>in it holding or placing assets on<div style="display:inline-block;width:2.1px"> </div>behalf of individuals, trusts, retirement </div><div id="a84291" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:53.5px;">benefit plans<div style="display:inline-block;width:6.12px"> </div>and other<div style="display:inline-block;width:5.81px"> </div>institutions. Unless<div style="display:inline-block;width:6.05px"> </div>these items<div style="display:inline-block;width:5.04px"> </div>meet the<div style="display:inline-block;width:5.52px"> </div>definition of<div style="display:inline-block;width:6.02px"> </div>an asset<div style="display:inline-block;width:5.45px"> </div>and<div style="display:inline-block;width:5.29px"> </div>the recognition<div style="display:inline-block;width:5.89px"> </div>criteria are </div><div id="a84294" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:69.1px;">satisfied,<div style="display:inline-block;width:6.54px"> </div>they<div style="display:inline-block;width:6.97px"> </div>are<div style="display:inline-block;width:6.71px"> </div>not<div style="display:inline-block;width:6.87px"> </div>recognized<div style="display:inline-block;width:7.01px"> </div>on<div style="display:inline-block;width:7.03px"> </div>UBS’s<div style="display:inline-block;width:7.13px"> </div>balance<div style="display:inline-block;width:6.72px"> </div>sheet<div style="display:inline-block;width:6.72px"> </div>and<div style="display:inline-block;width:7.03px"> </div>the<div style="display:inline-block;width:6.87px"> </div>related<div style="display:inline-block;width:6.65px"> </div>income<div style="display:inline-block;width:7.1px"> </div>is<div style="display:inline-block;width:6.57px"> </div>excluded<div style="display:inline-block;width:7.19px"> </div>from<div style="display:inline-block;width:6.66px"> </div>the<div style="display:inline-block;width:7.15px"> </div>Financial </div><div id="a84307" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:84.2px;">Statements.<div style="display:inline-block;width:4.03px"> </div></div><div id="a84311" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:106.9px;">Client cash balances associated with derivatives<div style="display:inline-block;width:5.81px"> </div>clearing and execution services are not<div style="display:inline-block;width:5.68px"> </div>recognized on the balance<div style="display:inline-block;width:5.03px"> </div>sheet </div><div id="a84312" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:122.1px;">if,<div style="display:inline-block;width:5.52px"> </div>through<div style="display:inline-block;width:6.62px"> </div>contractual<div style="display:inline-block;width:5.31px"> </div>agreement,<div style="display:inline-block;width:5.96px"> </div>regulation<div style="display:inline-block;width:6.68px"> </div>or<div style="display:inline-block;width:5.72px"> </div>practice,<div style="display:inline-block;width:5.86px"> </div>UBS<div style="display:inline-block;width:6.02px"> </div>neither<div style="display:inline-block;width:5.67px"> </div>obtains<div style="display:inline-block;width:6.07px"> </div>benefits<div style="display:inline-block;width:6.19px"> </div>from<div style="display:inline-block;width:5.66px"> </div>nor<div style="display:inline-block;width:6.4px"> </div>controls<div style="display:inline-block;width:6.12px"> </div>such<div style="display:inline-block;width:5.96px"> </div>cash </div><div id="a84317" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:137.7px;">balances. </div><div id="a84320" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:160.4px;">b. Classification, measurement and<div style="display:inline-block;width:5.29px"> </div>presentation </div><div id="a84325" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#E60000;left:4.905px;top:182.9px;">Financial assets<div style="display:inline-block;width:7.88px"> </div></div><div id="a84329" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:198.2px;">Where the contractual<div style="display:inline-block;width:5.69px"> </div>terms of a<div style="display:inline-block;width:5.05px"> </div>debt instrument<div style="display:inline-block;width:5.02px"> </div>result in cash<div style="display:inline-block;width:5.16px"> </div>flows that are<div style="display:inline-block;width:5.49px"> </div>solely payments of principal<div style="display:inline-block;width:5.29px"> </div>and interest </div><div id="a84331" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:213.4px;">(SPPI) on<div style="display:inline-block;width:5.34px"> </div>the principal amount<div style="display:inline-block;width:6.27px"> </div>outstanding,<div style="display:inline-block;width:5.27px"> </div>the debt<div style="display:inline-block;width:5.13px"> </div>instrument is<div style="display:inline-block;width:5.19px"> </div>classified as measured<div style="display:inline-block;width:6.42px"> </div>at amortized<div style="display:inline-block;width:5.26px"> </div>cost if it<div style="display:inline-block;width:5.74px"> </div>is held </div><div id="a84334" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:229px;">within a business model that has an objective of holding financial assets to collect contractual cash<div style="display:inline-block;width:5.08px"> </div>flows, or at fair value </div><div id="a84336" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:244.1px;">through other<div style="display:inline-block;width:5.4px"> </div>comprehensive income<div style="display:inline-block;width:5.06px"> </div>(FVOCI) if it<div style="display:inline-block;width:5.27px"> </div>is held<div style="display:inline-block;width:5.26px"> </div>within a business<div style="display:inline-block;width:5.73px"> </div>model with the<div style="display:inline-block;width:5.18px"> </div>objective being achieved<div style="display:inline-block;width:5.45px"> </div>by </div><div id="a84338" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:259.7px;">both collecting contractual cash flows<div style="display:inline-block;width:5.12px"> </div>and selling financial assets.<div style="display:inline-block;width:5.17px"> </div></div><div id="a84340" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:282.5px;">All other<div style="display:inline-block;width:6.3px"> </div>financial assets<div style="display:inline-block;width:6.46px"> </div>are measured<div style="display:inline-block;width:6.72px"> </div>at fair<div style="display:inline-block;width:6.31px"> </div>value<div style="display:inline-block;width:5.1px"> </div>through<div style="display:inline-block;width:5.67px"> </div>profit or<div style="display:inline-block;width:5.44px"> </div>loss (<div style="display:inline-block;width:1.92px"> </div>FVTPL), including<div style="display:inline-block;width:7.04px"> </div>those<div style="display:inline-block;width:5.03px"> </div>held<div style="display:inline-block;width:5.03px"> </div>for trading<div style="display:inline-block;width:5.98px"> </div>or </div><div id="a84350" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:297.6px;">those<div style="display:inline-block;width:5.5px"> </div>managed<div style="display:inline-block;width:5.66px"> </div>on<div style="display:inline-block;width:5.61px"> </div>a<div style="display:inline-block;width:5.2px"> </div>fair value<div style="display:inline-block;width:6.21px"> </div>basis,<div style="display:inline-block;width:5.5px"> </div>except<div style="display:inline-block;width:5.79px"> </div>for<div style="display:inline-block;width:5.1px"> </div>derivatives<div style="display:inline-block;width:5.48px"> </div>designated<div style="display:inline-block;width:5.8px"> </div>in<div style="display:inline-block;width:5.3px"> </div>a<div style="display:inline-block;width:5.2px"> </div>hedge<div style="display:inline-block;width:5.81px"> </div>relationship,<div style="display:inline-block;width:5.78px"> </div>in<div style="display:inline-block;width:5.3px"> </div>which<div style="display:inline-block;width:5.4px"> </div>case<div style="display:inline-block;width:5.05px"> </div>hedge </div><div id="a84351" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:312.7px;">accounting requirements apply (refer to item<div style="display:inline-block;width:5.31px"> </div>2j in this Note for more information).<div style="display:inline-block;width:5.63px"> </div></div><div id="a84355" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:335.7px;">Business model assessment and<div style="display:inline-block;width:5.48px"> </div>contractual cash flow characteristics<div style="display:inline-block;width:4.74px"> </div></div><div id="a84360" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:351.1px;">UBS<div style="display:inline-block;width:6.03px"> </div>determines<div style="display:inline-block;width:6.04px"> </div>the<div style="display:inline-block;width:5.72px"> </div>nature<div style="display:inline-block;width:6.01px"> </div>of<div style="display:inline-block;width:6.2px"> </div>a<div style="display:inline-block;width:5.8px"> </div>business<div style="display:inline-block;width:6.37px"> </div>model<div style="display:inline-block;width:5.82px"> </div>by<div style="display:inline-block;width:6.15px"> </div>considering<div style="display:inline-block;width:6.64px"> </div>the<div style="display:inline-block;width:5.72px"> </div>way<div style="display:inline-block;width:6.05px"> </div>financial<div style="display:inline-block;width:6.36px"> </div>assets<div style="display:inline-block;width:5.67px"> </div>are<div style="display:inline-block;width:6.23px"> </div>managed<div style="display:inline-block;width:6.6px"> </div>to<div style="display:inline-block;width:5.72px"> </div>achieve<div style="display:inline-block;width:5.84px"> </div>a </div><div id="a84364" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:366.2px;">particular business objective.<div style="display:inline-block;width:4.96px"> </div></div><div id="a84366" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:389.4px;">In assessing whether contractual cash flows are<div style="display:inline-block;width:5.07px"> </div>SPPI, the Group considers whether the contractual terms of the financial </div><div id="a84368" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:404.5px;">asset<div style="display:inline-block;width:5.62px"> </div>contain<div style="display:inline-block;width:5.82px"> </div>a<div style="display:inline-block;width:5.67px"> </div>term<div style="display:inline-block;width:5.69px"> </div>that<div style="display:inline-block;width:5.57px"> </div>could<div style="display:inline-block;width:5.98px"> </div>change<div style="display:inline-block;width:6.08px"> </div>the<div style="display:inline-block;width:5.72px"> </div>timing<div style="display:inline-block;width:5.56px"> </div>or<div style="display:inline-block;width:5.72px"> </div>amount<div style="display:inline-block;width:5.98px"> </div>of<div style="display:inline-block;width:5.72px"> </div>contractual<div style="display:inline-block;width:5.79px"> </div>cash<div style="display:inline-block;width:6.2px"> </div>flows<div style="display:inline-block;width:5.77px"> </div>arising<div style="display:inline-block;width:5.77px"> </div>over<div style="display:inline-block;width:5.52px"> </div>the<div style="display:inline-block;width:5.72px"> </div>life<div style="display:inline-block;width:5.31px"> </div>of<div style="display:inline-block;width:5.72px"> </div>the </div><div id="a84369" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:419.7px;">instrument. This assessment includes<div style="display:inline-block;width:5.6px"> </div>contractual cash flows that<div style="display:inline-block;width:5.19px"> </div>may vary due to environmental,<div style="display:inline-block;width:5.72px"> </div>social and governance </div><div id="a84372" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:434.8px;">(ESG) triggers. </div><div id="a84374" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#E60000;left:4.905px;top:457.7px;">Financial liabilities<div style="display:inline-block;width:4.53px"> </div></div><div id="a84378" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:480.4px;">Financial liabilities measured at amortized<div style="display:inline-block;width:5.51px"> </div>cost<div style="display:inline-block;width:7.46px"> </div></div><div id="a84384" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:495.8px;">Debt issued measured at amortized cost includes<div style="display:inline-block;width:5.02px"> </div>contingent capital instruments contain<div style="display:inline-block;width:1.74px"> </div>ing contractual provisions under </div><div id="a84388" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:511px;">which the<div style="display:inline-block;width:6.03px"> </div>principal amounts<div style="display:inline-block;width:6.13px"> </div>would<div style="display:inline-block;width:5.34px"> </div>be written<div style="display:inline-block;width:5.25px"> </div>down<div style="display:inline-block;width:5.44px"> </div>or converted<div style="display:inline-block;width:5.72px"> </div>into equity<div style="display:inline-block;width:5.87px"> </div>upon either<div style="display:inline-block;width:5.43px"> </div>a specified<div style="display:inline-block;width:5.96px"> </div>common<div style="display:inline-block;width:5.3px"> </div>equity </div><div id="a84391" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:526.6px;">tier 1 (CET1)<div style="display:inline-block;width:4.31px"> </div>ratio breach or a determination<div style="display:inline-block;width:5.26px"> </div>by the Swiss Financial Market Supervisory<div style="display:inline-block;width:5.27px"> </div>Authority (FINMA) that a viability </div><div id="a84405" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:541.7px;">event has<div style="display:inline-block;width:5.88px"> </div>occurred.<div style="display:inline-block;width:5.03px"> </div>Such contractual<div style="display:inline-block;width:6.09px"> </div>provisions<div style="display:inline-block;width:5.38px"> </div>are not<div style="display:inline-block;width:6.12px"> </div>derivatives,<div style="display:inline-block;width:5.11px"> </div>as the<div style="display:inline-block;width:5.88px"> </div>underlying<div style="display:inline-block;width:5.18px"> </div>is deemed<div style="display:inline-block;width:5.98px"> </div>to be<div style="display:inline-block;width:5.56px"> </div>a non<div style="display:inline-block;width:1.43px"> </div>-financial </div><div id="a84410" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:556.8px;">variable specific to a party to the contract.<div style="display:inline-block;width:5.64px"> </div></div><div id="a84412" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:580px;">If a debt were to be written down or converted into equity in<div style="display:inline-block;width:5.14px"> </div>a future period, it would be partially or fully derecognized, </div><div id="a84416" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:595.2px;">with<div style="display:inline-block;width:6.23px"> </div>the<div style="display:inline-block;width:6.2px"> </div>difference<div style="display:inline-block;width:6.26px"> </div>between<div style="display:inline-block;width:6.5px"> </div>its<div style="display:inline-block;width:5.94px"> </div>carrying<div style="display:inline-block;width:5.74px"> </div>amount<div style="display:inline-block;width:6.45px"> </div>and<div style="display:inline-block;width:6.55px"> </div>the<div style="display:inline-block;width:5.72px"> </div>fair<div style="display:inline-block;width:5.74px"> </div>value<div style="display:inline-block;width:6.04px"> </div>of<div style="display:inline-block;width:6.2px"> </div>any<div style="display:inline-block;width:6.15px"> </div>equity<div style="display:inline-block;width:6.09px"> </div>issued<div style="display:inline-block;width:6.55px"> </div>recognized<div style="display:inline-block;width:6.06px"> </div>in<div style="display:inline-block;width:6.25px"> </div>the<div style="display:inline-block;width:5.72px"> </div>income </div><div id="a84419" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:610.3px;">statement.<div style="display:inline-block;width:4.03px"> </div></div><div id="a84422" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:633.5px;">A gain or loss is recognized<div style="display:inline-block;width:5.8px"> </div>in </div><div id="a84423" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:178.552px;top:633.2px;">Other income</div><div id="a84424" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:256.645px;top:633.5px;"><div style="display:inline-block;width:3.79px"> </div>when debt issued<div style="display:inline-block;width:5.15px"> </div>is subsequently repurchased<div style="display:inline-block;width:5.89px"> </div>for market-making or<div style="display:inline-block;width:5.08px"> </div>other </div><div id="a84428" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:648.6px;">activities. A subsequent<div style="display:inline-block;width:5.24px"> </div>sale of own bonds in the market is treated as a reissuance<div style="display:inline-block;width:5.28px"> </div>of debt. </div><div id="a84431" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:671.1px;">Financial liabilities measured at fair value<div style="display:inline-block;width:5.3px"> </div>through profit or loss<div style="display:inline-block;width:8.42px"> </div></div><div id="a84435" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:686.5px;">UBS designates certain issued debt instruments as financial liabilities at fair<div style="display:inline-block;width:5.02px"> </div>value through profit or<div style="display:inline-block;width:5.06px"> </div>loss, on the basis that </div><div id="a84437" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:701.6px;">such financial<div style="display:inline-block;width:5.77px"> </div>instruments include<div style="display:inline-block;width:5.96px"> </div>non-closely-related<div style="display:inline-block;width:5.8px"> </div>embedded derivatives<div style="display:inline-block;width:5.77px"> </div>that significantly<div style="display:inline-block;width:5.68px"> </div>impact the<div style="display:inline-block;width:5.89px"> </div>cash flows<div style="display:inline-block;width:6.15px"> </div>of </div><div id="a84444" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:717.2px;">the<div style="display:inline-block;width:5.25px"> </div>instrument<div style="display:inline-block;width:5.17px"> </div>and<div style="display:inline-block;width:5.61px"> </div>/<div style="display:inline-block;width:5.31px"> </div>or<div style="display:inline-block;width:5.25px"> </div>are<div style="display:inline-block;width:5.29px"> </div>managed<div style="display:inline-block;width:5.66px"> </div>on<div style="display:inline-block;width:5.61px"> </div>a<div style="display:inline-block;width:5.2px"> </div>fair value<div style="display:inline-block;width:6.21px"> </div>basis<div style="display:inline-block;width:5.4px"> </div>(refer<div style="display:inline-block;width:5.56px"> </div>to<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>table<div style="display:inline-block;width:5.15px"> </div>below<div style="display:inline-block;width:5.61px"> </div>for<div style="display:inline-block;width:5.1px"> </div>more<div style="display:inline-block;width:5.34px"> </div>information).<div style="display:inline-block;width:5.87px"> </div>Financial </div><div id="a84446" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:732.4px;">instruments<div style="display:inline-block;width:8.97px"> </div>including<div style="display:inline-block;width:9.48px"> </div>embedded<div style="display:inline-block;width:9.64px"> </div>derivatives<div style="display:inline-block;width:8.79px"> </div>arise<div style="display:inline-block;width:8.78px"> </div>predominantly<div style="display:inline-block;width:9.84px"> </div>from<div style="display:inline-block;width:9.44px"> </div>the<div style="display:inline-block;width:9.03px"> </div>issuance<div style="display:inline-block;width:9.18px"> </div>of<div style="display:inline-block;width:9.03px"> </div>certain<div style="display:inline-block;width:8.57px"> </div>structured<div style="display:inline-block;width:9.54px"> </div>debt </div><div id="a84447" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:748px;">instruments.<div style="display:inline-block;width:4.41px"> </div></div><div id="a84450" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#E60000;left:4.905px;top:770.4px;">Measurement and presentation<div style="display:inline-block;width:8.64px"> </div></div><div id="a84453" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:785.8px;">After initial recognition, UBS classifies, measures and presents its financial assets and liabilities in accordance with<div style="display:inline-block;width:5.04px"> </div>IFRS 9, </div><div id="a84457" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:801px;">as described in the table below.</div></div><div id="TextBlockContainer122" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:574px;height:234px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_118_XBRL_TS_b7af9eddc9c14fcdbf670664eb227018" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer119" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:312px;height:10px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a84500" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Classification, measurement<div style="display:inline-block;width:4.25px"> </div>and presentation of financial assets</div></div></div><div id="a84500_64_2" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:305.112px;top:0px;"><div style="display:inline-block;width:2.84px"> </div></div><div id="div_120_XBRL_TS_6d4c0c1db1544907a03ee005c6e576a5" style="position:absolute;left:10.877px;top:27.5px;float:left;"><div id="TextBlockContainer121" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:563px;height:206px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a84505" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Financial assets classification </div><div id="a84509" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:162.675px;top:0px;">Significant items included </div><div id="a84511" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:406.848px;top:0px;">Measurement and<div style="display:inline-block;width:4.1px"> </div>presentation </div><div id="a84513" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:21.7px;">Measured at<div style="display:inline-block;width:3.19px"> </div></div><div id="a84515" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:34.1px;">amortized cost </div><div id="a84517" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:22px;">This classification includes: </div><div id="a84519" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:37.6px;">–</div><div id="a84520" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.875px;top:37.5px;"> </div><div id="a84521" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:37.6px;">cash and balances at central banks; </div><div id="a84524" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:52.7px;">–</div><div id="a84525" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.875px;top:52.6px;"> </div><div id="a84526" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:52.7px;">loans and advances to banks; </div><div id="a84530" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:67.9px;">–</div><div id="a84531" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.875px;top:67.8px;"> </div><div id="a84532" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:67.9px;">receivables from<div style="display:inline-block;width:4.24px"> </div>securities financing transactions; </div><div id="a84535" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:83.5px;">–</div><div id="a84536" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.875px;top:83.4px;"> </div><div id="a84537" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:83.5px;">cash collateral receivables<div style="display:inline-block;width:4.13px"> </div>on derivative </div><div id="a84538" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:95.3px;">instruments; </div><div id="a84541" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:110.9px;">–</div><div id="a84542" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.875px;top:110.8px;"> </div><div id="a84543" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:110.9px;">residential and<div style="display:inline-block;width:4.1px"> </div>commercial mortgages; </div><div id="a84546" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:126.1px;">–</div><div id="a84547" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.875px;top:126px;"> </div><div id="a84548" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:126.1px;">corporate loans; </div><div id="a84551" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:141.7px;">–</div><div id="a84552" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.875px;top:141.6px;"> </div><div id="a84553" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:141.7px;">secured loans, including Lombard<div style="display:inline-block;width:4.64px"> </div>loans, and </div><div id="a84554" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:153.5px;">unsecured loans; </div><div id="a84557" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:168.7px;">–</div><div id="a84558" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.875px;top:168.5px;"> </div><div id="a84559" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:168.7px;">loans to financial advisors; and </div><div id="a84563" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:184.3px;">–</div><div id="a84564" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.875px;top:184.2px;"> </div><div id="a84565" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:184.3px;">debt securities held as high<div style="display:inline-block;width:1.6px"> </div>-quality liquid assets </div><div id="a84568" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:196.1px;">(HQLA).<div style="display:inline-block;width:2.84px"> </div></div></div></div></div><div id="TextBlockContainer125" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:671px;height:417px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a84572" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:0px;">Measured at amortized<div style="display:inline-block;width:4.11px"> </div>cost using the effective interest </div><div id="a84573" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:12.3px;">method less allowances<div style="display:inline-block;width:4.15px"> </div>for expected credit losses (ECL) </div><div id="a84574" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:24.1px;">(refer to items 2d and 2g in<div style="display:inline-block;width:4.38px"> </div>this Note for more information). </div><div id="a84584" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:54.9px;">The following items are recognized<div style="display:inline-block;width:4.69px"> </div>in the income </div><div id="a84586" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:66.7px;">statement: </div><div id="a84588" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:82.3px;">–</div><div id="a84589" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:412.048px;top:82.2px;"> </div><div id="a84590" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:418.195px;top:82.3px;">interest income, which is<div style="display:inline-block;width:4.11px"> </div>accounted for in accordance </div><div id="a84591" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:418.195px;top:94.1px;">with item 2d in this Note; </div><div id="a84597" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:109.3px;">–</div><div id="a84598" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:412.048px;top:109.2px;"> </div><div id="a84599" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:418.195px;top:109.3px;">ECL and reversals;<div style="display:inline-block;width:4.02px"> </div>and </div><div id="a84602" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:124.9px;">–</div><div id="a84603" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:412.048px;top:124.8px;"> </div><div id="a84604" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:418.195px;top:124.9px;">foreign exchange (FX)<div style="display:inline-block;width:4.1px"> </div>translation gains and losses. </div><div id="a84611" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:155.7px;">When a financial asset at amortized<div style="display:inline-block;width:4.44px"> </div>cost is derecognized, </div><div id="a84616" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:167.5px;">the gain or loss is recognized<div style="display:inline-block;width:4.39px"> </div>in the income statement. </div><div id="a84619" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:198.2px;">For amounts arising from<div style="display:inline-block;width:4.4px"> </div>settlement of certain derivatives, </div><div id="a84622" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:210.1px;">see below in this table.<div style="display:inline-block;width:3.65px"> </div></div><div id="a84626" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:233.5px;">Measured at </div><div id="a84627" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:245.8px;">FVOCI<div style="display:inline-block;width:3.1px"> </div></div><div id="a84629" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.915px;top:233.7px;">Debt </div><div id="a84630" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.915px;top:246px;">instruments </div><div id="a84631" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.915px;top:257.8px;">measured at </div><div id="a84632" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.915px;top:269.7px;">FVOCI </div><div id="a84634" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:233.7px;">This classification primarily includes<div style="display:inline-block;width:4.33px"> </div>debt securities </div><div id="a84635" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:246px;">and certain asset-backed securities<div style="display:inline-block;width:4.23px"> </div>held as HQLA. </div><div id="a84639" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:233.7px;">Measured at fair value<div style="display:inline-block;width:1.42px"> </div>,<div style="display:inline-block;width:2.92px"> </div>with unrealized gains and losses </div><div id="a84643" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:246px;">reported in </div><div id="a84644" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:457.475px;top:245.8px;">Other comprehensive income, </div><div id="a84645" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:588.062px;top:246px;">net of applicable </div><div id="a84646" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:257.8px;">income taxes, until such investments<div style="display:inline-block;width:4.49px"> </div>are derecognized. </div><div id="a84649" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:269.7px;">Upon derecognition, any accumulated<div style="display:inline-block;width:4.47px"> </div>balances in </div><div id="a84650" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:623.088px;top:269.5px;">Other </div><div id="a84651" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:406.848px;top:281.8px;">comprehensive income </div><div id="a84652" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:507.635px;top:282px;">are reclassified to the income </div><div id="a84653" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:293.8px;">statement and reported<div style="display:inline-block;width:4.26px"> </div>within </div><div id="a84654" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:540.768px;top:293.6px;">Other income. </div><div id="a84657" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:324.5px;">The following items, which are<div style="display:inline-block;width:4.31px"> </div>determined on the same </div><div id="a84659" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:336.4px;">basis as for financial assets measured<div style="display:inline-block;width:4.31px"> </div>at amortized cost, are </div><div id="a84663" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:348.7px;">recognized in the income<div style="display:inline-block;width:4.26px"> </div>statement: </div><div id="a84665" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:363.8px;">–</div><div id="a84666" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:412.048px;top:363.7px;"> </div><div id="a84667" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:418.195px;top:363.8px;">interest income, which is<div style="display:inline-block;width:4.11px"> </div>accounted for in accordance </div><div id="a84668" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:418.195px;top:375.7px;">with item 2d in this Note; </div><div id="a84674" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:391.3px;">–</div><div id="a84675" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:412.048px;top:391.1px;"> </div><div id="a84676" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:418.195px;top:391.3px;">ECL and reversals; and </div><div id="a84678" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:406.4px;">–</div><div id="a84679" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:412.048px;top:406.3px;"> </div><div id="a84680" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:418.195px;top:406.4px;">FX translation gains and losses.</div></div><div id="TextBlockContainer132" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:583px;height:210px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_128_XBRL_TS_7b0edae6c4a44f56b8bfc6f58d405d49" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer129" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:312px;height:10px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a84723" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Classification, measurement<div style="display:inline-block;width:4.18px"> </div>and presentation of financial assets</div></div></div><div id="a84723_64_2" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:305.112px;top:0px;"><div style="display:inline-block;width:2.84px"> </div></div><div id="div_130_XBRL_TS_b51c7229f04c4fa38ee9c8305b5f01e1" style="position:absolute;left:3.784px;top:27.5px;float:left;"><div id="TextBlockContainer131" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:579px;height:183px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a84727" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Financial assets classification </div><div id="a84732" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:158.888px;top:0px;">Significant items included </div><div id="a84734" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:423.395px;top:0px;">Measurement and<div style="display:inline-block;width:4.1px"> </div>presentation </div><div id="a84736" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:21.7px;">Measured at </div><div id="a84737" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:34.1px;">FVTPL </div><div id="a84739" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:74.678px;top:22px;">Held for<div style="display:inline-block;width:3.14px"> </div></div><div id="a84741" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:74.678px;top:34.3px;">trading </div><div id="a84743" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:158.888px;top:22px;">Financial assets held for<div style="display:inline-block;width:4.16px"> </div>trading include: </div><div id="a84746" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:158.888px;top:37.6px;">–</div><div id="a84747" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:164.088px;top:37.5px;"> </div><div id="a84748" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:170.235px;top:37.6px;">all derivatives with a positive<div style="display:inline-block;width:4.1px"> </div>replacement value, except </div><div id="a84749" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:170.235px;top:49.4px;">those that are designated<div style="display:inline-block;width:4.16px"> </div>and effective hedging </div><div id="a84751" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:170.235px;top:61.2px;">instruments; and </div><div id="a84755" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:158.888px;top:76.9px;">–</div><div id="a84756" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:164.088px;top:76.8px;"> </div><div id="a84757" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:170.235px;top:76.9px;">other financial assets acquired<div style="display:inline-block;width:4.18px"> </div>principally for the </div><div id="a84758" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:170.235px;top:88.7px;">purpose of selling or repurchasing<div style="display:inline-block;width:4.32px"> </div>in the near term, or </div><div id="a84759" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:170.235px;top:101px;">that are part of a<div style="display:inline-block;width:4.1px"> </div>portfolio of identified financial </div><div id="a84762" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:170.235px;top:112.8px;">instruments that are managed<div style="display:inline-block;width:4.57px"> </div>together and for which </div><div id="a84763" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:170.235px;top:124.6px;">there is evidence of a recent<div style="display:inline-block;width:4.14px"> </div>actual pattern of short-</div><div id="a84765" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:170.235px;top:136.9px;">term profit taking. Included<div style="display:inline-block;width:4.34px"> </div>in this category are debt </div><div id="a84766" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:170.235px;top:148.8px;">instruments (including those<div style="display:inline-block;width:4.13px"> </div>in the form of securities, </div><div id="a84767" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:170.235px;top:161.1px;">money market paper,<div style="display:inline-block;width:3.6px"> </div>and traded corporate and bank </div><div id="a84772" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:170.235px;top:172.9px;">loans) and equity instruments.<div style="display:inline-block;width:3.6px"> </div></div></div></div></div><div id="TextBlockContainer135" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:609px;height:475px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a84774" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:0px;">Measured at fair value<div style="display:inline-block;width:1.43px"> </div>,<div style="display:inline-block;width:2.91px"> </div>with changes recognized in the </div><div id="a84779" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:12.3px;">income statement. </div><div id="a84783" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:43px;">Derivative assets (including<div style="display:inline-block;width:4.16px"> </div>derivatives that are designated </div><div id="a84784" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:54.9px;">and effective hedging instruments)<div style="display:inline-block;width:4.17px"> </div>are generally </div><div id="a84786" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:66.7px;">presented as </div><div id="a84787" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:409.65px;top:66.5px;">Derivative financial instruments</div><div id="a84788" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:542.156px;top:66.7px;">, except those </div><div id="a84789" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:79px;">exchange-traded derivatives (ETD)<div style="display:inline-block;width:4.27px"> </div>and over-the-counter </div><div id="a84801" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:90.8px;">(OTC)-cleared derivatives that are<div style="display:inline-block;width:4.42px"> </div>legally settled on a daily </div><div id="a84809" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:102.7px;">basis or economically net<div style="display:inline-block;width:4.31px"> </div>settled on a daily basis, which </div><div id="a84812" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:114.9px;">are presented within </div><div id="a84813" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:443.73px;top:114.8px;">Cash collateral receivables on </div><div id="a84814" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:352.396px;top:126.6px;">derivative instruments.</div><div id="a84817" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:157.5px;">Changes in fair value, initial transaction<div style="display:inline-block;width:4.54px"> </div>costs, dividends </div><div id="a84820" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:169.4px;">and gains and losses arising<div style="display:inline-block;width:4.1px"> </div>on disposal or redemption are </div><div id="a84824" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:181.7px;">recognized in </div><div id="a84825" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:412.97px;top:181.5px;">Other net income from financial </div><div id="a84827" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:352.396px;top:193.3px;">instruments measured at fair value<div style="display:inline-block;width:4.2px"> </div>through profit or loss, </div><div id="a84833" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:205.3px;">except interest income on instruments<div style="display:inline-block;width:4.5px"> </div>other than </div><div id="a84834" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:217.6px;">derivatives (refer to item 2d<div style="display:inline-block;width:4.43px"> </div>in this Note), interest on </div><div id="a84839" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:229.5px;">derivatives designated as hedging<div style="display:inline-block;width:4.21px"> </div>instruments in hedges </div><div id="a84841" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:241.8px;">of interest rate risk and<div style="display:inline-block;width:4.17px"> </div>forward points on certain short- </div><div id="a84847" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:253.6px;">and long-duration FX contracts acting<div style="display:inline-block;width:4.16px"> </div>as economic </div><div id="a84856" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:265.4px;">hedges, which are reported<div style="display:inline-block;width:4.54px"> </div>in </div><div id="a84858" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:483.49px;top:265.2px;">Net interest income.<div style="display:inline-block;width:2.95px"> </div></div><div id="a84861" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:296.2px;">Changes in the fair<div style="display:inline-block;width:4.14px"> </div>value of derivatives that are </div><div id="a84866" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:308.5px;">designated and effective<div style="display:inline-block;width:4.26px"> </div>hedging instruments are </div><div id="a84868" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:320.3px;">presented either in the income<div style="display:inline-block;width:4.36px"> </div>statement or </div><div id="a84870" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:543.583px;top:320.1px;">Other </div><div id="a84871" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:352.396px;top:331.9px;">comprehensive income</div><div id="a84872" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:450.823px;top:332.1px;">, depending on the type of hedge </div><div id="a84875" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:344.4px;">relationship (refer<div style="display:inline-block;width:4.37px"> </div>to item 2j<div style="display:inline-block;width:2.75px"> </div>in this Note for more </div><div id="a84881" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:356.3px;">information). </div><div id="a84883" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:174.6px;">Mandatorily </div><div id="a84884" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:186.4px;">measured at </div><div id="a84885" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:198.7px;">FVTPL – Other </div><div id="a84890" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:174.6px;">This classification includes financial asset<div style="display:inline-block;width:1.65px"> </div>s<div style="display:inline-block;width:2.79px"> </div>mandatorily </div><div id="a84896" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:186.4px;">measured at FVTPL that are<div style="display:inline-block;width:4.21px"> </div>not held for trading, as </div><div id="a84903" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:198.7px;">follows:<div style="display:inline-block;width:2.86px"> </div></div><div id="a84906" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:213.9px;">–</div><div id="a84907" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:93.09px;top:213.7px;"> </div><div id="a84908" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:213.9px;">certain structured loans, certain<div style="display:inline-block;width:4.27px"> </div>commercial loans, and </div><div id="a84911" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:225.7px;">receivables from<div style="display:inline-block;width:4.26px"> </div>securities financing transactions that </div><div id="a84915" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:238px;">are managed on a fair<div style="display:inline-block;width:4.26px"> </div>value basis;<div style="display:inline-block;width:2.68px"> </div></div><div id="a84919" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:253.1px;">–</div><div id="a84920" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:93.09px;top:253px;"> </div><div id="a84921" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:253.1px;">loans managed on a fair<div style="display:inline-block;width:4.26px"> </div>value basis,<div style="display:inline-block;width:2.65px"> </div>including those </div><div id="a84926" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:265.4px;">hedged with credit derivatives<div style="display:inline-block;width:1.53px"> </div>; </div><div id="a84929" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:280.6px;">–</div><div id="a84930" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:93.09px;top:280.5px;"> </div><div id="a84931" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:280.6px;">certain debt securities held as HQLA and<div style="display:inline-block;width:4.38px"> </div>managed on a </div><div id="a84933" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:292.4px;">fair value basis;<div style="display:inline-block;width:3.14px"> </div></div><div id="a84937" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:308px;">–</div><div id="a84938" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:93.09px;top:307.9px;"> </div><div id="a84939" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:308px;">certain investment fund holdings<div style="display:inline-block;width:4.21px"> </div>and assets held to </div><div id="a84941" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:319.8px;">hedge delivery obligations related<div style="display:inline-block;width:4.4px"> </div>to cash-settled </div><div id="a84944" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:331.6px;">employee compensation plans;<div style="display:inline-block;width:3.6px"> </div></div><div id="a84948" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:347.2px;">–</div><div id="a84949" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:93.09px;top:347.1px;"> </div><div id="a84950" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:347.2px;">brokerage receivables,<div style="display:inline-block;width:4.38px"> </div>for which contractual cash flows </div><div id="a84952" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:359.1px;">do not meet the SPPI criterion<div style="display:inline-block;width:4.25px"> </div>because the aggregate </div><div id="a84958" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:371.4px;">balance is accounted for as a<div style="display:inline-block;width:4.29px"> </div>single unit of account, </div><div id="a84963" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:383.2px;">with interest being calculated<div style="display:inline-block;width:4.1px"> </div>on the individual </div><div id="a84964" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:395px;">components; </div><div id="a84967" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:410.6px;">–</div><div id="a84968" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:93.09px;top:410.5px;"> </div><div id="a84969" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:410.6px;">auction rate securities, for<div style="display:inline-block;width:4.17px"> </div>which contractual cash flows </div><div id="a84971" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:422.5px;">do not meet the SPPI criterion<div style="display:inline-block;width:4.25px"> </div>because interest may be </div><div id="a84975" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:434.8px;">reset at rates that contain leverage<div style="display:inline-block;width:1.54px"> </div>; </div><div id="a84978" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:449.9px;">–</div><div id="a84979" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:93.09px;top:449.8px;"> </div><div id="a84980" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:449.9px;">equity<div style="display:inline-block;width:3.41px"> </div>instruments;<div style="display:inline-block;width:2.94px"> </div>and </div><div id="a84985" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:465.1px;">–</div><div id="a84986" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:93.09px;top:465px;"> </div><div id="a84987" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:465.1px;">assets held under unit-linked investment<div style="display:inline-block;width:4.51px"> </div>contracts.</div></div><div id="TextBlockContainer139" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:583px;height:182px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a85031" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Classification, measurement<div style="display:inline-block;width:4.18px"> </div>and presentation of financial liabilities<div style="display:inline-block;width:3.97px"> </div></div><div id="a85035" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:7.463px;top:27.5px;">Financial liabilities classification </div><div id="a85040" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:172.126px;top:27.5px;">Significant items included </div><div id="a85042" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:427.179px;top:27.5px;">Measurement and<div style="display:inline-block;width:4.1px"> </div>presentation </div><div id="a85044" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:7.463px;top:49.2px;">Measured at amortized cost </div><div id="a85050" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:49.4px;">This classification includes: </div><div id="a85052" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:65.1px;">–</div><div id="a85053" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:177.326px;top:65px;"> </div><div id="a85054" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:183.512px;top:65.1px;">demand and time deposits;<div style="display:inline-block;width:3.87px"> </div></div><div id="a85056" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:80.2px;">–</div><div id="a85057" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:177.326px;top:80.1px;"> </div><div id="a85058" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:183.512px;top:80.2px;">retail savings / deposits; </div><div id="a85060" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:95.8px;">–</div><div id="a85061" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:177.326px;top:95.7px;"> </div><div id="a85062" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:183.512px;top:95.8px;">sweep deposits; </div><div id="a85064" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:111px;">–</div><div id="a85065" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:177.326px;top:110.9px;"> </div><div id="a85066" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:183.512px;top:111px;">payables<div style="display:inline-block;width:3.3px"> </div>from securities financing transactions<div style="display:inline-block;width:1.44px"> </div>;<div style="display:inline-block;width:2.44px"> </div></div><div id="a85073" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:126.1px;">–</div><div id="a85074" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:177.326px;top:126px;"> </div><div id="a85075" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:183.512px;top:126.1px;">non-structured debt<div style="display:inline-block;width:4.12px"> </div>issued;<div style="display:inline-block;width:2.53px"> </div></div><div id="a85081" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:141.7px;">–</div><div id="a85082" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:177.326px;top:141.6px;"> </div><div id="a85083" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:183.512px;top:141.7px;">subordinated debt;<div style="display:inline-block;width:3.79px"> </div></div><div id="a85085" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:156.8px;">–</div><div id="a85086" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:177.326px;top:156.7px;"> </div><div id="a85087" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:183.512px;top:156.8px;">commercial paper and<div style="display:inline-block;width:4.19px"> </div>certificates of deposit; and </div><div id="a85089" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:172.5px;">–</div><div id="a85090" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:177.326px;top:172.4px;"> </div><div id="a85091" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:183.512px;top:172.5px;">cash collateral payables on derivative<div style="display:inline-block;width:4.25px"> </div>instruments. </div></div><div id="TextBlockContainer143" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:680px;height:489px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a85093" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:0px;">Measured at amortized<div style="display:inline-block;width:4.11px"> </div>cost using the effective interest </div><div id="a85096" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:12.3px;">method. </div><div id="a85099" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:43px;">When a financial liability at amortized<div style="display:inline-block;width:4.22px"> </div>cost is </div><div id="a85103" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:54.9px;">derecognized, the gain<div style="display:inline-block;width:4.25px"> </div>or loss is recognized in the income </div><div id="a85104" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:66.7px;">statement.<div style="display:inline-block;width:3.03px"> </div></div><div id="a85107" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:97.5px;">Interest Income generated<div style="display:inline-block;width:4.19px"> </div>from client deposits </div><div id="a85108" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:109.3px;">derecognized pursuant<div style="display:inline-block;width:4.24px"> </div>to certain deposit sweep programs </div><div id="a85109" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:121.6px;">is presented within </div><div id="a85110" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:507.168px;top:121.4px;">Net interest income from financial </div><div id="a85113" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:423.395px;top:133.2px;">instruments measured at fair value<div style="display:inline-block;width:4.17px"> </div>through profit or loss </div><div id="a85114" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:423.395px;top:145.5px;">and other</div><div id="a85115" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:465.515px;top:145.7px;">. </div><div id="a85117" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:169.1px;">Measured at </div><div id="a85118" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:180.9px;">FVTPL </div><div id="a85120" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:74.678px;top:169.4px;">Held for trading </div><div id="a85122" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:169.4px;">Financial liabilities held for trading include: </div><div id="a85124" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:184.5px;">–</div><div id="a85125" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:173.542px;top:184.4px;"> </div><div id="a85126" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:184.5px;">all derivatives with a negative replacement<div style="display:inline-block;width:4.84px"> </div>value </div><div id="a85127" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:196.3px;">(including certain loan commitments)<div style="display:inline-block;width:1.72px"> </div>,<div style="display:inline-block;width:2.44px"> </div>except those </div><div id="a85131" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:208.7px;">that are designated and<div style="display:inline-block;width:4.17px"> </div>effective hedging </div><div id="a85132" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:220.5px;">instruments; and </div><div id="a85134" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:235.6px;">–</div><div id="a85135" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:173.542px;top:235.5px;"> </div><div id="a85136" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:235.6px;">obligations to deliver financial<div style="display:inline-block;width:4.15px"> </div>instruments, such as </div><div id="a85137" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:247.9px;">debt and equity instruments,<div style="display:inline-block;width:4.3px"> </div>that UBS has sold to </div><div id="a85139" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:259.7px;">third parties but does not<div style="display:inline-block;width:4.16px"> </div>own (short positions). </div><div id="a85141" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:169.4px;">Measurement and presentation<div style="display:inline-block;width:4.6px"> </div>of financial liabilities </div><div id="a85146" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:181.2px;">classified at FVTPL follow the<div style="display:inline-block;width:4.34px"> </div>same principles as for </div><div id="a85147" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:193px;">financial assets classified at FVTPL, except<div style="display:inline-block;width:4.35px"> </div>that the amount </div><div id="a85148" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:205.3px;">of change in the fair value o<div style="display:inline-block;width:1.46px"> </div>f<div style="display:inline-block;width:2.4px"> </div>a financial liability </div><div id="a85153" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:217.2px;">designated at FVTPL that is<div style="display:inline-block;width:4.16px"> </div>attributable to changes in </div><div id="a85155" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:229px;">UBS’s own credit<div style="display:inline-block;width:4.1px"> </div>risk is presented in </div><div id="a85156" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:580.502px;top:228.8px;">Other comprehensive </div><div id="a85157" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:423.395px;top:241.1px;">income</div><div id="a85158" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:455.115px;top:241.3px;"><div style="display:inline-block;width:2.36px"> </div>directly within </div><div id="a85160" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:520.408px;top:241.1px;">Retained earnings </div><div id="a85161" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:599.448px;top:241.3px;">and is never </div><div id="a85162" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:253.1px;">reclassified to the income<div style="display:inline-block;width:4.19px"> </div>statement. </div><div id="a85166" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:283.9px;">Derivative liabilities (including derivatives<div style="display:inline-block;width:4.49px"> </div>that are </div><div id="a85170" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:295.7px;">designated and effective<div style="display:inline-block;width:4.26px"> </div>hedging instruments) are </div><div id="a85173" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:308px;">generally presented as </div><div id="a85174" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:521.822px;top:307.8px;">Derivative financial instruments,</div><div id="a85177" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:319.8px;">except those exchange<div style="display:inline-block;width:1.4px"> </div>-traded and OTC-cleared </div><div id="a85182" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:331.6px;">derivatives that are legally settled<div style="display:inline-block;width:4.36px"> </div>on a daily basis or </div><div id="a85187" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:343.9px;">economically net settled on a daily<div style="display:inline-block;width:4.24px"> </div>basis, which are </div><div id="a85190" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:355.8px;">presented within </div><div id="a85191" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:498.182px;top:355.6px;">Cash collateral payables on derivative </div><div id="a85192" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:423.395px;top:367.9px;">instruments. </div><div id="a85194" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:74.678px;top:283.4px;">Designated at </div><div id="a85195" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:74.678px;top:295.7px;">FVTPL </div><div id="a85197" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:283.4px;">UBS designates<div style="display:inline-block;width:3.58px"> </div>at FVTPL the following financial </div><div id="a85201" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:295.7px;">liabilities: </div><div id="a85203" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:168.342px;top:311.7px;">–</div><div id="a85204" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:173.542px;top:311.7px;"> </div><div id="a85205" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:311.8px;">issued hybrid debt instruments<div style="display:inline-block;width:4.13px"> </div>that primarily include </div><div id="a85206" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:324.5px;">equity-linked, credit<div style="display:inline-block;width:1.46px"> </div>-linked and rates-linked bonds or </div><div id="a85213" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:336.8px;">notes; </div><div id="a85215" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:348.7px;">–</div><div id="a85216" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:173.542px;top:348.6px;"> </div><div id="a85217" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:348.7px;">issued debt instruments managed<div style="display:inline-block;width:4.12px"> </div>on a fair value </div><div id="a85219" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:361px;">basis; </div><div id="a85222" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:376.1px;">–</div><div id="a85223" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:173.542px;top:376px;"> </div><div id="a85224" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:376.1px;">certain payables from<div style="display:inline-block;width:4.23px"> </div>securities financing </div><div id="a85228" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:387.9px;">transactions; </div><div id="a85230" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:403.5px;">–</div><div id="a85231" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:173.542px;top:403.4px;"> </div><div id="a85232" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:403.5px;">amounts due under unit<div style="display:inline-block;width:1.42px"> </div>-linked investment contracts, </div><div id="a85238" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:415.4px;">the cash flows of which are<div style="display:inline-block;width:4.39px"> </div>linked to financial assets </div><div id="a85243" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:427.7px;">measured at FVTPL and eliminate<div style="display:inline-block;width:4.28px"> </div>an accounting </div><div id="a85244" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:439.5px;">mismatch;<div style="display:inline-block;width:3.24px"> </div>and </div><div id="a85247" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:454.7px;">–</div><div id="a85248" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:173.542px;top:454.5px;"> </div><div id="a85249" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:454.7px;">brokerage payables, which arise<div style="display:inline-block;width:4.48px"> </div>in conjunction with </div><div id="a85251" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:466.9px;">brokerage receivables<div style="display:inline-block;width:4.33px"> </div>and are measured at FVTPL to </div><div id="a85253" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:478.8px;">achieve measurement consistency.</div></div><div id="TextBlockContainer160" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:881px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a85293" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">c. Loan commitments and financial guarantees </div><div id="div_146_XBRL_TS_6d9cc1dc654747309b7214e0d2f426a1" style="position:absolute;left:0px;top:15.6px;float:left;"><div id="TextBlockContainer147" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:44px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a85295" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Loan<div style="display:inline-block;width:9.19px"> </div>commitments<div style="display:inline-block;width:8.84px"> </div>are<div style="display:inline-block;width:9.54px"> </div>arrangements<div style="display:inline-block;width:9.03px"> </div>to<div style="display:inline-block;width:9.03px"> </div>provide<div style="display:inline-block;width:9.37px"> </div>credit<div style="display:inline-block;width:9.29px"> </div>under<div style="display:inline-block;width:9.44px"> </div>defined<div style="display:inline-block;width:9.33px"> </div>terms<div style="display:inline-block;width:9.05px"> </div>and<div style="display:inline-block;width:9.71px"> </div>conditions.<div style="display:inline-block;width:9.11px"> </div>Irrevocable<div style="display:inline-block;width:8.71px"> </div>loan </div><div id="a85297" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.2px;">commitments<div style="display:inline-block;width:5.53px"> </div>are<div style="display:inline-block;width:5.76px"> </div>classified<div style="display:inline-block;width:5.31px"> </div>as:<div style="display:inline-block;width:5.36px"> </div>(i) derivative<div style="display:inline-block;width:5.76px"> </div>loan<div style="display:inline-block;width:5.98px"> </div>commitments<div style="display:inline-block;width:5.53px"> </div>measured<div style="display:inline-block;width:5.59px"> </div>at<div style="display:inline-block;width:5.52px"> </div>fair<div style="display:inline-block;width:5.74px"> </div>value<div style="display:inline-block;width:5.57px"> </div>through<div style="display:inline-block;width:6.15px"> </div>profit<div style="display:inline-block;width:5.28px"> </div>or<div style="display:inline-block;width:5.25px"> </div>loss;<div style="display:inline-block;width:5.5px"> </div>(ii) loan </div><div id="a85302" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">commitments<div style="display:inline-block;width:6.47px"> </div>designated<div style="display:inline-block;width:6.75px"> </div>at<div style="display:inline-block;width:5.99px"> </div>fair<div style="display:inline-block;width:5.74px"> </div>value<div style="display:inline-block;width:6.04px"> </div>through<div style="display:inline-block;width:7.09px"> </div>profit<div style="display:inline-block;width:6.23px"> </div>or<div style="display:inline-block;width:6.2px"> </div>loss;<div style="display:inline-block;width:6.45px"> </div>or<div style="display:inline-block;width:6.2px"> </div>(iii) loan<div style="display:inline-block;width:6.7px"> </div>commitments<div style="display:inline-block;width:6px"> </div>not<div style="display:inline-block;width:6.4px"> </div>measured<div style="display:inline-block;width:6.53px"> </div>at<div style="display:inline-block;width:5.99px"> </div>fair<div style="display:inline-block;width:5.86px"> </div>value.</div></div></div><div id="a85302_114_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:685.322px;top:46.4px;"> </div><div id="div_148_XBRL_TS_add7b41e07b547869c2dd701f6dd962f" style="position:absolute;left:0px;top:61.5px;float:left;"><div id="TextBlockContainer149" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:44px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a85307" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Financial guarantee contracts are<div style="display:inline-block;width:5.65px"> </div>contracts that require<div style="display:inline-block;width:5.37px"> </div>UBS to make specified<div style="display:inline-block;width:5.18px"> </div>payments to reimburse<div style="display:inline-block;width:5.53px"> </div>the holder for an </div><div id="a85308" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">incurred loss<div style="display:inline-block;width:5.26px"> </div>because a<div style="display:inline-block;width:5.08px"> </div>specified debtor<div style="display:inline-block;width:5.5px"> </div>fails to<div style="display:inline-block;width:5.04px"> </div>make payments<div style="display:inline-block;width:5.57px"> </div>when due<div style="display:inline-block;width:5.75px"> </div>in accordance<div style="display:inline-block;width:5.49px"> </div>with the terms<div style="display:inline-block;width:5.57px"> </div>of a specified </div><div id="a85309" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.7px;">debt instrument.</div></div></div><div id="a85309_16_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:100.018px;top:92.3px;"> </div><div id="div_150_XBRL_TS_3902e97966ce409e9b09bab74272b53e" style="position:absolute;left:0px;top:115px;float:left;"><div id="TextBlockContainer151" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:243px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a85312" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">d.<div style="display:inline-block;width:4.09px"> </div>Interest income and expense </div><div id="a85315" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">Interest<div style="display:inline-block;width:5.13px"> </div>income<div style="display:inline-block;width:5.62px"> </div>and<div style="display:inline-block;width:5.61px"> </div>expense<div style="display:inline-block;width:5.45px"> </div>are<div style="display:inline-block;width:5.29px"> </div>recognized<div style="display:inline-block;width:6.06px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the<div style="display:inline-block;width:5.25px"> </div>income<div style="display:inline-block;width:5.15px"> </div>statement<div style="display:inline-block;width:5.31px"> </div>based<div style="display:inline-block;width:5.66px"> </div>on<div style="display:inline-block;width:5.61px"> </div>the<div style="display:inline-block;width:5.25px"> </div>effective<div style="display:inline-block;width:5.42px"> </div>interest<div style="display:inline-block;width:5.6px"> </div>method.<div style="display:inline-block;width:6.08px"> </div>When </div><div id="a85316" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.7px;">calculating the effective interest rate (the EIR) for financial instruments (other than credit-impaired financial<div style="display:inline-block;width:5.05px"> </div>instruments), </div><div id="a85319" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">UBS estimates future cash flows considering<div style="display:inline-block;width:5.55px"> </div>all contractual terms of the instrument, but not<div style="display:inline-block;width:5.12px"> </div>expected credit losses, with </div><div id="a85321" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61px;">the EIR applied to the gross<div style="display:inline-block;width:5.53px"> </div>carrying amount of the financial asset or the amortized<div style="display:inline-block;width:5.44px"> </div>cost of a financial liability.<div style="display:inline-block;width:5.94px"> </div>However, </div><div id="a85322" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.7px;">when<div style="display:inline-block;width:5.24px"> </div>a financial<div style="display:inline-block;width:5.52px"> </div>asset becomes<div style="display:inline-block;width:5.92px"> </div>credit-impaired<div style="display:inline-block;width:5.51px"> </div>after initial<div style="display:inline-block;width:5.42px"> </div>recognition,<div style="display:inline-block;width:5.84px"> </div>interest income<div style="display:inline-block;width:6.12px"> </div>is determined<div style="display:inline-block;width:5.77px"> </div>by applying<div style="display:inline-block;width:6.18px"> </div>the </div><div id="a85326" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:91.8px;">EIR<div style="display:inline-block;width:5.3px"> </div>to<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>amortized cost<div style="display:inline-block;width:6.26px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>instrument,<div style="display:inline-block;width:5.24px"> </div>which<div style="display:inline-block;width:5.4px"> </div>represents<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.25px"> </div>gross<div style="display:inline-block;width:5.79px"> </div>carrying amount<div style="display:inline-block;width:6.61px"> </div>adjusted<div style="display:inline-block;width:5.6px"> </div>for<div style="display:inline-block;width:5.1px"> </div>any<div style="display:inline-block;width:5.2px"> </div>credit<div style="display:inline-block;width:5.03px"> </div>loss </div><div id="a85327" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.4px;">allowance.<div style="display:inline-block;width:4.02px"> </div></div><div id="a85329" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:130.1px;">Upfront fees, including<div style="display:inline-block;width:5.03px"> </div>fees on loan commitments not measured at fair value where a loan<div style="display:inline-block;width:5.22px"> </div>is expected to be issued, and </div><div id="a85331" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:145.3px;">direct costs are<div style="display:inline-block;width:5.27px"> </div>included<div style="display:inline-block;width:5.22px"> </div>within the<div style="display:inline-block;width:5.07px"> </div>initial measurement<div style="display:inline-block;width:5.02px"> </div>of a<div style="display:inline-block;width:5.36px"> </div>financial instrument<div style="display:inline-block;width:5.45px"> </div>measured<div style="display:inline-block;width:5.12px"> </div>at amortized cost<div style="display:inline-block;width:5.26px"> </div>or FVOCI </div><div id="a85335" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.9px;">and recognized over the expected life of<div style="display:inline-block;width:5.1px"> </div>the instrument as part of its EIR. </div><div id="a85340" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183.6px;">Fees related<div style="display:inline-block;width:5.66px"> </div>to loan<div style="display:inline-block;width:5.66px"> </div>commitments where<div style="display:inline-block;width:6.03px"> </div>no loan<div style="display:inline-block;width:5.54px"> </div>is expected<div style="display:inline-block;width:5.57px"> </div>to be<div style="display:inline-block;width:5.56px"> </div>issued, as<div style="display:inline-block;width:5.39px"> </div>well as<div style="display:inline-block;width:5.25px"> </div>loan syndication<div style="display:inline-block;width:5.7px"> </div>fees where<div style="display:inline-block;width:5.59px"> </div>UBS </div><div id="a85341" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:198.7px;">does not<div style="display:inline-block;width:5.07px"> </div>retain a portion of<div style="display:inline-block;width:5.52px"> </div>the syndicated loan<div style="display:inline-block;width:5.28px"> </div>or where UBS does<div style="display:inline-block;width:5.82px"> </div>retain a portion of<div style="display:inline-block;width:5.05px"> </div>the syndicated loan<div style="display:inline-block;width:5.75px"> </div>at the same </div><div id="a85343" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:213.8px;">effective<div style="display:inline-block;width:5.89px"> </div>yield<div style="display:inline-block;width:5.47px"> </div>for<div style="display:inline-block;width:5.57px"> </div>comparable<div style="display:inline-block;width:6.14px"> </div>risk<div style="display:inline-block;width:5.94px"> </div>as<div style="display:inline-block;width:5.72px"> </div>other<div style="display:inline-block;width:5.93px"> </div>participants,<div style="display:inline-block;width:6.06px"> </div>are<div style="display:inline-block;width:5.76px"> </div>included<div style="display:inline-block;width:6.07px"> </div>in </div><div id="a85346" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:430.778px;top:213.6px;">Net<div style="display:inline-block;width:5.67px"> </div>fee<div style="display:inline-block;width:5.52px"> </div>and<div style="display:inline-block;width:6.08px"> </div>commission<div style="display:inline-block;width:5.66px"> </div>income </div><div id="a85348" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:625.738px;top:213.8px;">and<div style="display:inline-block;width:6.08px"> </div>either </div><div id="a85349" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:229.5px;">recognized over the life of the commitment<div style="display:inline-block;width:5.17px"> </div>or when syndication occurs.</div></div></div><div id="a85349_70_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:413.968px;top:344.4px;"><div style="display:inline-block;width:4.5px"> </div></div><div id="a85351" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:356.1px;">›</div><div id="a85352" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:356.3px;"> </div><div id="a85353" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:361px;">Refer to item 3 in<div style="display:inline-block;width:1.5px"> </div>this Note for more<div style="display:inline-block;width:1.5px"> </div>information </div><div id="div_152_XBRL_TS_3bd3495b610047a6a288346d5658a789" style="position:absolute;left:0px;top:381.8px;float:left;"><div id="TextBlockContainer153" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:44px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a85361" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Interest<div style="display:inline-block;width:5.13px"> </div>income<div style="display:inline-block;width:5.18px"> </div>on<div style="display:inline-block;width:5.61px"> </div>financial<div style="display:inline-block;width:5.48px"> </div>assets,<div style="display:inline-block;width:5.3px"> </div>excluding<div style="display:inline-block;width:5.87px"> </div>derivatives,<div style="display:inline-block;width:5.11px"> </div>is<div style="display:inline-block;width:5.15px"> </div>included<div style="display:inline-block;width:5.6px"> </div>in<div style="display:inline-block;width:5.46px"> </div>interest<div style="display:inline-block;width:5.13px"> </div>income<div style="display:inline-block;width:5.68px"> </div>when<div style="display:inline-block;width:5.71px"> </div>positive<div style="display:inline-block;width:5.09px"> </div>and<div style="display:inline-block;width:5.61px"> </div>in<div style="display:inline-block;width:5.36px"> </div>interest </div><div id="a85369" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">expense<div style="display:inline-block;width:5.48px"> </div>when<div style="display:inline-block;width:5.71px"> </div>negative.<div style="display:inline-block;width:5.25px"> </div>Similarly,<div style="display:inline-block;width:5.6px"> </div>interest<div style="display:inline-block;width:5.6px"> </div>expense<div style="display:inline-block;width:5.45px"> </div>on<div style="display:inline-block;width:5.61px"> </div>financial<div style="display:inline-block;width:5.41px"> </div>liabilities,<div style="display:inline-block;width:5.72px"> </div>excluding<div style="display:inline-block;width:5.87px"> </div>derivatives,<div style="display:inline-block;width:5.58px"> </div>is<div style="display:inline-block;width:5.15px"> </div>included<div style="display:inline-block;width:6.42px"> </div>in<div style="display:inline-block;width:5.31px"> </div>interest </div><div id="a85375" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">expense, except when interest rates are<div style="display:inline-block;width:5.13px"> </div>negative, in which case it is included<div style="display:inline-block;width:5.63px"> </div>in interest income.</div></div></div><div id="a85375_98_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:548.122px;top:412.6px;"><div style="display:inline-block;width:4.28px"> </div></div><div id="a85382" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:424.3px;">›</div><div id="a85383" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:424.5px;"> </div><div id="a85384" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:429.1px;">Refer to item 2b in<div style="display:inline-block;width:1.47px"> </div>this Note and<div style="display:inline-block;width:1.57px"> </div>Note 3 for more information </div><div id="div_154_XBRL_TS_d975d992d3c24e09bb41662b24215b65" style="position:absolute;left:0px;top:449.9px;float:left;"><div id="TextBlockContainer155" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:166px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a85393" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">e. Derecognition<div style="display:inline-block;width:4.27px"> </div></div><div id="a85398" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:22.5px;">Financial assets </div><div id="a85400" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:37.8px;">UBS derecognizes a transferred financial asset, or a portion of a financial asset, if the<div style="display:inline-block;width:2.33px"> </div>purchaser has received substantially </div><div id="a85404" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53px;">all the risks and rewards of the asset or a significant part of the risks and rewards combined with a practical ability to sell </div><div id="a85406" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:68.6px;">or pledge the asset.<div style="display:inline-block;width:4.81px"> </div></div><div id="a85410" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:91.3px;">Where<div style="display:inline-block;width:5.29px"> </div>financial<div style="display:inline-block;width:5.44px"> </div>assets<div style="display:inline-block;width:5.2px"> </div>have<div style="display:inline-block;width:5.2px"> </div>been<div style="display:inline-block;width:5.61px"> </div>pledged<div style="display:inline-block;width:5.91px"> </div>as<div style="display:inline-block;width:5.25px"> </div>collateral<div style="display:inline-block;width:5.06px"> </div>or<div style="display:inline-block;width:5.25px"> </div>in<div style="display:inline-block;width:5.3px"> </div>similar<div style="display:inline-block;width:5.1px"> </div>arrangements,<div style="display:inline-block;width:6.29px"> </div>they<div style="display:inline-block;width:5.05px"> </div>are<div style="display:inline-block;width:5.29px"> </div>considered<div style="display:inline-block;width:5.84px"> </div>to<div style="display:inline-block;width:5.25px"> </div>have<div style="display:inline-block;width:5.2px"> </div>been </div><div id="a85412" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:106.4px;">transferred<div style="display:inline-block;width:5.13px"> </div>if the<div style="display:inline-block;width:6.04px"> </div>counterparty has<div style="display:inline-block;width:6.29px"> </div>received<div style="display:inline-block;width:5.45px"> </div>the contractual<div style="display:inline-block;width:6.41px"> </div>rights<div style="display:inline-block;width:4.99px"> </div>to<div style="display:inline-block;width:5.25px"> </div>the cash<div style="display:inline-block;width:5.88px"> </div>flows<div style="display:inline-block;width:5.3px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>pledged<div style="display:inline-block;width:5.43px"> </div>assets, as<div style="display:inline-block;width:5.93px"> </div>may be </div><div id="a85416" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:121.6px;">evidenced<div style="display:inline-block;width:5.33px"> </div>by,<div style="display:inline-block;width:4.39px"> </div>for<div style="display:inline-block;width:5.1px"> </div>example,<div style="display:inline-block;width:5.05px"> </div>the<div style="display:inline-block;width:5.31px"> </div>counterparty’s<div style="display:inline-block;width:5.15px"> </div>right<div style="display:inline-block;width:5.2px"> </div>to<div style="display:inline-block;width:5.25px"> </div>sell<div style="display:inline-block;width:5.04px"> </div>or<div style="display:inline-block;width:5.25px"> </div>repledge<div style="display:inline-block;width:5.79px"> </div>the assets.<div style="display:inline-block;width:6.4px"> </div>In<div style="display:inline-block;width:5.3px"> </div>transfers where<div style="display:inline-block;width:6.8px"> </div>control<div style="display:inline-block;width:5.43px"> </div>over<div style="display:inline-block;width:5.05px"> </div>the </div><div id="a85421" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:137.2px;">financial asset is retained,<div style="display:inline-block;width:5.48px"> </div>UBS continues to recognize<div style="display:inline-block;width:5.55px"> </div>the asset to the<div style="display:inline-block;width:5.13px"> </div>extent of its continuing<div style="display:inline-block;width:6.17px"> </div>involvement, determined </div><div id="a85422" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:152.3px;">by the extent to which it is exposed<div style="display:inline-block;width:5.12px"> </div>to changes in the value of<div style="display:inline-block;width:5.06px"> </div>the transferred asset following<div style="display:inline-block;width:5.41px"> </div>the transfer.</div></div></div><div id="a85422_109_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:607.078px;top:602.3px;"><div style="display:inline-block;width:3.99px"> </div></div><div id="a85425" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:614.4px;">›</div><div id="a85426" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:614.6px;"> </div><div id="a85427" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:619.3px;">Refer to Note 22<div style="display:inline-block;width:1.6px"> </div>for more information<div style="display:inline-block;width:1.18px"> </div></div><div id="div_156_XBRL_TS_eb37224b791a4c32b511c75549bc259a" style="position:absolute;left:0px;top:639.8px;float:left;"><div id="TextBlockContainer157" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:143px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a85434" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:0px;">Financial liabilities </div><div id="a85438" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.4px;">UBS<div style="display:inline-block;width:6.5px"> </div>derecognizes<div style="display:inline-block;width:6.58px"> </div>a<div style="display:inline-block;width:6.15px"> </div>financial<div style="display:inline-block;width:6.36px"> </div>liability<div style="display:inline-block;width:6.42px"> </div>when<div style="display:inline-block;width:6.82px"> </div>it<div style="display:inline-block;width:6.36px"> </div>is<div style="display:inline-block;width:6.09px"> </div>extinguished,<div style="display:inline-block;width:7.29px"> </div>i.e.,<div style="display:inline-block;width:6.39px"> </div>when<div style="display:inline-block;width:6.66px"> </div>the<div style="display:inline-block;width:6.2px"> </div>obligation<div style="display:inline-block;width:6.69px"> </div>specified<div style="display:inline-block;width:6.04px"> </div>in<div style="display:inline-block;width:6.25px"> </div>the<div style="display:inline-block;width:6.67px"> </div>contract<div style="display:inline-block;width:6.16px"> </div>is </div><div id="a85447" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.5px;">discharged,<div style="display:inline-block;width:4.32px"> </div>canceled or expires. When an existing financial liability is exchanged<div style="display:inline-block;width:5.51px"> </div>for a new one from the same lender on </div><div id="a85451" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.7px;">substantially<div style="display:inline-block;width:6.5px"> </div>different<div style="display:inline-block;width:7.73px"> </div>terms,<div style="display:inline-block;width:6.79px"> </div>or<div style="display:inline-block;width:7.14px"> </div>the<div style="display:inline-block;width:6.67px"> </div>terms<div style="display:inline-block;width:6.68px"> </div>of<div style="display:inline-block;width:6.67px"> </div>an<div style="display:inline-block;width:7.02px"> </div>existing<div style="display:inline-block;width:7.01px"> </div>liability<div style="display:inline-block;width:6.89px"> </div>are<div style="display:inline-block;width:6.71px"> </div>substantially<div style="display:inline-block;width:7.45px"> </div>modified,<div style="display:inline-block;width:6.82px"> </div>the<div style="display:inline-block;width:6.67px"> </div>original<div style="display:inline-block;width:7.23px"> </div>liability<div style="display:inline-block;width:7.08px"> </div>is </div><div id="a85456" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61.3px;">derecognized<div style="display:inline-block;width:6.32px"> </div>and<div style="display:inline-block;width:6.08px"> </div>a<div style="display:inline-block;width:5.67px"> </div>new<div style="display:inline-block;width:5.54px"> </div>liability<div style="display:inline-block;width:5.51px"> </div>recognized<div style="display:inline-block;width:6.09px"> </div>with<div style="display:inline-block;width:5.72px"> </div>any<div style="display:inline-block;width:5.67px"> </div>difference<div style="display:inline-block;width:6.26px"> </div>in<div style="display:inline-block;width:5.77px"> </div>the<div style="display:inline-block;width:5.72px"> </div>respective<div style="display:inline-block;width:6.3px"> </div>carrying<div style="display:inline-block;width:5.74px"> </div>amounts<div style="display:inline-block;width:6.22px"> </div>recorded<div style="display:inline-block;width:6.28px"> </div>in<div style="display:inline-block;width:5.77px"> </div>the </div><div id="a85464" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.4px;">income statement.<div style="display:inline-block;width:4.59px"> </div></div><div id="a85466" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.6px;">Certain OTC derivative<div style="display:inline-block;width:2.32px"> </div>contracts and most exchange-traded futures and option<div style="display:inline-block;width:2.67px"> </div>contracts cleared through central<div style="display:inline-block;width:2.31px"> </div>clearing </div><div id="a85473" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:114.8px;">counterparties and exchanges are considered<div style="display:inline-block;width:5.14px"> </div>to be settled on a daily basis,<div style="display:inline-block;width:3.26px"> </div>as the payment or receipt of variation margin </div><div id="a85482" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:129.9px;">on a daily basis represents<div style="display:inline-block;width:5.17px"> </div>legal or economic settlement, which results in derecognition<div style="display:inline-block;width:6.25px"> </div>of the associated derivatives.</div></div></div><div id="a85482_119_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:665.498px;top:769.7px;"> </div><div id="a85488" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:781.9px;">›</div><div id="a85489" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:782.1px;"> </div><div id="a85490" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:786.8px;">Refer to Note 21<div style="display:inline-block;width:1.6px"> </div>for more information<div style="display:inline-block;width:1.18px"> </div></div><div id="div_158_XBRL_TS_314ae74cecd149339fafd8878dfa9914" style="position:absolute;left:0px;top:807.1px;float:left;"><div id="TextBlockContainer159" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:60px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a85494" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">f.<div style="display:inline-block;width:3.73px"> </div>Fair value of financial instruments </div><div id="a85498" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">UBS accounts for a significant portion<div style="display:inline-block;width:5.36px"> </div>of its assets and liabilities at<div style="display:inline-block;width:5.28px"> </div>fair value. Fair value<div style="display:inline-block;width:5.48px"> </div>is the price on the measurement </div><div id="a85500" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.7px;">date that would be received for the<div style="display:inline-block;width:2.05px"> </div>sale of an asset or<div style="display:inline-block;width:2.03px"> </div>paid to transfer a liability<div style="display:inline-block;width:2.31px"> </div>in an orderly transaction between market </div><div id="a85502" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">participants in the principal market, or in<div style="display:inline-block;width:5.01px"> </div>the most advantageous<div style="display:inline-block;width:5.16px"> </div>market in the absence of a principal market.</div></div></div><div id="a85502_110_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:627.721px;top:853px;"><div style="display:inline-block;width:4.63px"> </div></div><div id="a85504" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:865.2px;">›</div><div id="a85505" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:865.4px;"> </div><div id="a85506" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:870px;">Refer to Note 20<div style="display:inline-block;width:1.6px"> </div>for more information</div></div><div id="TextBlockContainer170" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:808px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_166_XBRL_TS_ce7705c66218494ca5561d0d6cc89cba" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer167" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:534px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a85601" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">g.<div style="display:inline-block;width:4.09px"> </div>Allowances and provisions for expected credit losses </div><div id="a85610" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">ECL are<div style="display:inline-block;width:5.82px"> </div>recognized<div style="display:inline-block;width:5.12px"> </div>for financial<div style="display:inline-block;width:5.88px"> </div>assets measured<div style="display:inline-block;width:6.16px"> </div>at amortized<div style="display:inline-block;width:6.21px"> </div>cost, financial<div style="display:inline-block;width:5.52px"> </div>assets<div style="display:inline-block;width:5.67px"> </div>measured<div style="display:inline-block;width:5.12px"> </div>at FVOCI,<div style="display:inline-block;width:5.42px"> </div>fee and<div style="display:inline-block;width:6.03px"> </div>lease </div><div id="a85611" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.7px;">receivables,<div style="display:inline-block;width:5.5px"> </div>financial<div style="display:inline-block;width:5.41px"> </div>guarantees,<div style="display:inline-block;width:5.66px"> </div>and<div style="display:inline-block;width:5.61px"> </div>loan<div style="display:inline-block;width:5.5px"> </div>commitments<div style="display:inline-block;width:5.06px"> </div>not<div style="display:inline-block;width:5.45px"> </div>measured<div style="display:inline-block;width:6.06px"> </div>at<div style="display:inline-block;width:5.05px"> </div>fair<div style="display:inline-block;width:5.26px"> </div>value.<div style="display:inline-block;width:5.67px"> </div>ECL<div style="display:inline-block;width:5.15px"> </div>are<div style="display:inline-block;width:5.29px"> </div>also<div style="display:inline-block;width:5.35px"> </div>recognized<div style="display:inline-block;width:6.42px"> </div>on<div style="display:inline-block;width:5.61px"> </div>the </div><div id="a85613" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">undrawn portion<div style="display:inline-block;width:5.52px"> </div>of committed unconditionally<div style="display:inline-block;width:5.38px"> </div>revocable credit<div style="display:inline-block;width:5.34px"> </div>lines, which<div style="display:inline-block;width:5.18px"> </div>include UBS’s<div style="display:inline-block;width:5.06px"> </div>credit card limits<div style="display:inline-block;width:5.23px"> </div>and master </div><div id="a85617" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61px;">credit facilities, as UBS is exposed to credit risk because the borrower<div style="display:inline-block;width:5.24px"> </div>has the ability to draw down funds before UBS can </div><div id="a85619" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.6px;">take credit risk mitigation actions. </div><div id="a85621" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:99.1px;">Recognition of expected credit losses<div style="display:inline-block;width:5.18px"> </div></div><div id="a85623" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:114.5px;">ECL are recognized on<div style="display:inline-block;width:5.4px"> </div>the following basis. </div><div id="a85628" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:130.1px;">–</div><div id="a85629" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:130px;"> </div><div id="a85630" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:130.1px;">Stage 1 instruments: Maximum 12-month ECL are recognized from initial<div style="display:inline-block;width:1.77px"> </div>recognition, reflecting the portion of lifetime </div><div id="a85638" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:145.3px;">cash shortfalls that would<div style="display:inline-block;width:5.02px"> </div>result if a default occurs in<div style="display:inline-block;width:5.06px"> </div>the 12 months after the<div style="display:inline-block;width:5.06px"> </div>reporting date, weighted<div style="display:inline-block;width:5.55px"> </div>by the risk of </div><div id="a85640" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:160.4px;">a default occurring.<div style="display:inline-block;width:4.65px"> </div></div><div id="a85642" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:176px;">–</div><div id="a85643" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:175.8px;"> </div><div id="a85644" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:176px;">Stage 2 instruments: Lifetime ECL are recognized if<div style="display:inline-block;width:2.29px"> </div>a significant increase in credit risk (an SICR) is<div style="display:inline-block;width:1.97px"> </div>observed subsequent </div><div id="a85647" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:191.1px;">to<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>instrument’s<div style="display:inline-block;width:5.8px"> </div>initial<div style="display:inline-block;width:5.78px"> </div>recognition,<div style="display:inline-block;width:5.84px"> </div>reflecting<div style="display:inline-block;width:5.45px"> </div>lifetime<div style="display:inline-block;width:5.85px"> </div>cash<div style="display:inline-block;width:5.25px"> </div>shortfalls<div style="display:inline-block;width:5.98px"> </div>that<div style="display:inline-block;width:5.57px"> </div>would<div style="display:inline-block;width:5.81px"> </div>result<div style="display:inline-block;width:5.28px"> </div>from<div style="display:inline-block;width:5.66px"> </div>all<div style="display:inline-block;width:5.47px"> </div>possible<div style="display:inline-block;width:5.7px"> </div>default </div><div id="a85649" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:206.8px;">events over<div style="display:inline-block;width:5.05px"> </div>the expected<div style="display:inline-block;width:5.2px"> </div>life of a<div style="display:inline-block;width:5.57px"> </div>financial instrument,<div style="display:inline-block;width:5.56px"> </div>weighted by<div style="display:inline-block;width:5.29px"> </div>the risk of<div style="display:inline-block;width:5.3px"> </div>a default<div style="display:inline-block;width:5.3px"> </div>occurring. When<div style="display:inline-block;width:5.61px"> </div>an SICR<div style="display:inline-block;width:5.29px"> </div>is </div><div id="a85650" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:221.9px;">no longer observed, the instrument will<div style="display:inline-block;width:5.33px"> </div>move back to stage 1. </div><div id="a85655" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:237.5px;">–</div><div id="a85656" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:237.4px;"> </div><div id="a85657" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:237.5px;">Stage 3<div style="display:inline-block;width:5.12px"> </div>instruments: Lifetime<div style="display:inline-block;width:5.47px"> </div>ECL are<div style="display:inline-block;width:5.82px"> </div>always recognized<div style="display:inline-block;width:6.01px"> </div>for credit-impaired<div style="display:inline-block;width:6.17px"> </div>financial instruments,<div style="display:inline-block;width:6.08px"> </div>as determined<div style="display:inline-block;width:5.87px"> </div>by </div><div id="a85662" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:252.6px;">the occurrence<div style="display:inline-block;width:5.76px"> </div>of one<div style="display:inline-block;width:5.76px"> </div>or more<div style="display:inline-block;width:5.96px"> </div>loss events,<div style="display:inline-block;width:5.5px"> </div>by estimating<div style="display:inline-block;width:5.56px"> </div>expected cash<div style="display:inline-block;width:5.68px"> </div>flows based<div style="display:inline-block;width:5.86px"> </div>on a<div style="display:inline-block;width:5.24px"> </div>chosen<div style="display:inline-block;width:5.06px"> </div>recovery strategy. </div><div id="a85666" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:267.8px;">Credit-impaired exposures<div style="display:inline-block;width:6.08px"> </div>may include<div style="display:inline-block;width:5.15px"> </div>positions for<div style="display:inline-block;width:5.27px"> </div>which no<div style="display:inline-block;width:5.91px"> </div>allowance has<div style="display:inline-block;width:5.18px"> </div>been recognized,<div style="display:inline-block;width:5.73px"> </div>for example because </div><div id="a85669" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:283.4px;">they are expected to be fully recoverable through<div style="display:inline-block;width:5.9px"> </div>collateral held. </div><div id="a85671" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:298.5px;">–</div><div id="a85672" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:298.4px;"> </div><div id="a85673" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:298.5px;">Changes in lifetime ECL since initial recognition<div style="display:inline-block;width:5.55px"> </div>are also recognized for assets that are<div style="display:inline-block;width:5.59px"> </div>purchased or originated<div style="display:inline-block;width:5.08px"> </div>credit-</div><div id="a85676" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:314.1px;">impaired (POCI).<div style="display:inline-block;width:5.22px"> </div>POCI financial instruments<div style="display:inline-block;width:6.02px"> </div>include those<div style="display:inline-block;width:5.33px"> </div>that are<div style="display:inline-block;width:5.07px"> </div>purchased at<div style="display:inline-block;width:5.42px"> </div>a deep discount<div style="display:inline-block;width:5.84px"> </div>or newly originated </div><div id="a85680" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:329.3px;">with a defaulted counterparty;<div style="display:inline-block;width:4.83px"> </div>they remain a separate category until<div style="display:inline-block;width:5.28px"> </div>derecognition.<div style="display:inline-block;width:4.78px"> </div></div><div id="a85683" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:352px;">All or part of<div style="display:inline-block;width:2.14px"> </div>a financial<div style="display:inline-block;width:2.21px"> </div>asset is written<div style="display:inline-block;width:2.21px"> </div>off if it<div style="display:inline-block;width:2.19px"> </div>is deemed uncollectible<div style="display:inline-block;width:2.13px"> </div>or forgiven. Write-offs reduce the<div style="display:inline-block;width:2.29px"> </div>principal amount </div><div id="a85686" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:367.1px;">of a claim<div style="display:inline-block;width:2.06px"> </div>and are charged against related allowances for<div style="display:inline-block;width:2.11px"> </div>credit losses. Recoveries,<div style="display:inline-block;width:3.4px"> </div>in part or in full,<div style="display:inline-block;width:1.92px"> </div>of amounts previously </div><div id="a85690" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:382.7px;">written off are generally credited to </div><div id="a85691" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:210.272px;top:382.5px;">Credit loss expense / (release)</div><div id="a85692" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:375.885px;top:382.7px;">.<div style="display:inline-block;width:4.36px"> </div></div><div id="a85694" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:405.4px;">ECL are recognized in the income statement in </div><div id="a85695" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:270.832px;top:405.2px;">Credit loss expense / (release)</div><div id="a85696" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:435.498px;top:405.4px;">. A corresponding ECL allowance is reported </div><div id="a85697" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:420.6px;">as a decrease<div style="display:inline-block;width:5.59px"> </div>in the carrying<div style="display:inline-block;width:5.62px"> </div>amount of<div style="display:inline-block;width:5.18px"> </div>financial assets measured<div style="display:inline-block;width:5.72px"> </div>at amortized<div style="display:inline-block;width:5.26px"> </div>cost on<div style="display:inline-block;width:5.13px"> </div>the balance sheet.<div style="display:inline-block;width:5.76px"> </div>For financial </div><div id="a85699" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:436.2px;">assets that<div style="display:inline-block;width:5.67px"> </div>are<div style="display:inline-block;width:5.29px"> </div>measured<div style="display:inline-block;width:5.12px"> </div>at FVOCI,<div style="display:inline-block;width:5.9px"> </div>the carrying<div style="display:inline-block;width:6.36px"> </div>amount<div style="display:inline-block;width:5.03px"> </div>is not<div style="display:inline-block;width:5.98px"> </div>reduced,<div style="display:inline-block;width:5.32px"> </div>but an<div style="display:inline-block;width:6.23px"> </div>accumulated amount<div style="display:inline-block;width:5.87px"> </div>is recognized<div style="display:inline-block;width:6.11px"> </div>in </div><div id="a85700" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:451.1px;">Other comprehensive<div style="display:inline-block;width:6.09px"> </div>income</div><div id="a85701" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:172.885px;top:451.3px;">. For<div style="display:inline-block;width:5.73px"> </div>off-balance sheet<div style="display:inline-block;width:5.99px"> </div>financial instruments<div style="display:inline-block;width:5.98px"> </div>and<div style="display:inline-block;width:5.13px"> </div>other credit<div style="display:inline-block;width:5.86px"> </div>lines, provisions<div style="display:inline-block;width:6.04px"> </div>for ECL<div style="display:inline-block;width:5.63px"> </div>are </div><div id="a85705" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:466.5px;">presented in </div><div id="a85706" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:79.214px;top:466.2px;">Provisions. </div><div id="a85709" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:489.4px;">Default and credit impairment </div><div id="a85711" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:504.8px;">UBS<div style="display:inline-block;width:5.56px"> </div>applies<div style="display:inline-block;width:5.45px"> </div>a<div style="display:inline-block;width:5.2px"> </div>single definition<div style="display:inline-block;width:6.69px"> </div>of<div style="display:inline-block;width:5.25px"> </div>default<div style="display:inline-block;width:5.2px"> </div>for<div style="display:inline-block;width:5.1px"> </div>credit<div style="display:inline-block;width:5.03px"> </div>risk<div style="display:inline-block;width:5.66px"> </div>management<div style="display:inline-block;width:5.41px"> </div>purposes,<div style="display:inline-block;width:6.06px"> </div>regulatory<div style="display:inline-block;width:5.28px"> </div>reporting<div style="display:inline-block;width:5.69px"> </div>and<div style="display:inline-block;width:5.61px"> </div>ECL,<div style="display:inline-block;width:5.26px"> </div>with<div style="display:inline-block;width:5.25px"> </div>a </div><div id="a85715" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:519.9px;">counterparty classified as defaulted based<div style="display:inline-block;width:5.27px"> </div>on quantitative and qualitative criteria.</div></div></div><div id="a85715_84_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:464.727px;top:519.9px;"><div style="display:inline-block;width:4.38px"> </div></div><div id="a85718" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:532.1px;">›</div><div id="a85719" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:532.3px;"> </div><div id="a85720" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:537px;">Refer to “Credit policies<div style="display:inline-block;width:0.97px"> </div>for distressed assets”<div style="display:inline-block;width:1.45px"> </div>in the “Risk<div style="display:inline-block;width:1.68px"> </div>management and<div style="display:inline-block;width:1.68px"> </div>control”<div style="display:inline-block;width:2.32px"> </div>section of this<div style="display:inline-block;width:0.93px"> </div>report for more information </div><div id="div_168_XBRL_TS_d9ddf171fc6f408890863edaa514149a" style="position:absolute;left:0px;top:557.5px;float:left;"><div id="TextBlockContainer169" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:251px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a85737" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:0px;">Measurement of expected credit losses </div><div id="a85742" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.4px;">IFRS 9 ECL<div style="display:inline-block;width:5.02px"> </div>reflect an unbiased,<div style="display:inline-block;width:6.42px"> </div>probability-weighted estimate<div style="display:inline-block;width:5.45px"> </div>based on<div style="display:inline-block;width:5.69px"> </div>loss expectations resulting<div style="display:inline-block;width:5.83px"> </div>from default events. </div><div id="a85747" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.6px;">The method<div style="display:inline-block;width:5.34px"> </div>used to<div style="display:inline-block;width:5.34px"> </div>calculate ECL<div style="display:inline-block;width:5.17px"> </div>applies the<div style="display:inline-block;width:5.6px"> </div>following<div style="display:inline-block;width:5.18px"> </div>principal factors:<div style="display:inline-block;width:5.41px"> </div>probability of<div style="display:inline-block;width:5.58px"> </div>default (PD),<div style="display:inline-block;width:5.77px"> </div>loss given<div style="display:inline-block;width:5.13px"> </div>default </div><div id="a85748" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.7px;">(LGD) and<div style="display:inline-block;width:6.24px"> </div>exposure at<div style="display:inline-block;width:5.75px"> </div>default (EAD).<div style="display:inline-block;width:5.92px"> </div>Parameters are<div style="display:inline-block;width:5.3px"> </div>generally<div style="display:inline-block;width:5.04px"> </div>determined on<div style="display:inline-block;width:6.23px"> </div>an individual<div style="display:inline-block;width:5.23px"> </div>financial asset<div style="display:inline-block;width:5.46px"> </div>level. Based </div><div id="a85750" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61.3px;">on the<div style="display:inline-block;width:5.29px"> </div>materiality of the portfolio,<div style="display:inline-block;width:5.67px"> </div>for credit card<div style="display:inline-block;width:5.22px"> </div>exposures and<div style="display:inline-block;width:5.83px"> </div>personal account overdrafts<div style="display:inline-block;width:5.26px"> </div>in Switzerland,<div style="display:inline-block;width:5.3px"> </div>a portfolio </div><div id="a85751" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.4px;">approach is applied that derives<div style="display:inline-block;width:2.22px"> </div>an average PD and LGD<div style="display:inline-block;width:2.29px"> </div>for the entire portfolio. PDs<div style="display:inline-block;width:2.26px"> </div>and LGDs used in<div style="display:inline-block;width:2.11px"> </div>the ECL calculation </div><div id="a85753" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:92px;">are point-in-time<div style="display:inline-block;width:5.06px"> </div>(PIT)-based for<div style="display:inline-block;width:5.2px"> </div>key portfolios<div style="display:inline-block;width:5.29px"> </div>and consider<div style="display:inline-block;width:5.43px"> </div>both current<div style="display:inline-block;width:5.27px"> </div>conditions and<div style="display:inline-block;width:5.73px"> </div>expected cyclical changes.<div style="display:inline-block;width:5.64px"> </div>For </div><div id="a85760" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.2px;">material portfolios, PDs and LGDs are<div style="display:inline-block;width:2.16px"> </div>determined for different scenarios, whereas EAD projections are treated as<div style="display:inline-block;width:2.13px"> </div>scenario </div><div id="a85762" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:122.8px;">independent. </div><div id="a85764" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:145.5px;">For the purpose<div style="display:inline-block;width:6.01px"> </div>of determining the<div style="display:inline-block;width:5.18px"> </div>ECL-relevant parameters,<div style="display:inline-block;width:5.31px"> </div>UBS leverages its<div style="display:inline-block;width:5.48px"> </div>Basel III advanced<div style="display:inline-block;width:5.5px"> </div>internal ratings-based </div><div id="a85773" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.6px;">(A-IRB) models that are also<div style="display:inline-block;width:2.09px"> </div>used in determining expected loss<div style="display:inline-block;width:2.26px"> </div>(EL) and risk-weighted assets under the<div style="display:inline-block;width:2.2px"> </div>Basel III framework </div><div id="a85782" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:175.8px;">and<div style="display:inline-block;width:6.08px"> </div>Pillar 2<div style="display:inline-block;width:5.55px"> </div>stress<div style="display:inline-block;width:5.75px"> </div>loss<div style="display:inline-block;width:5.87px"> </div>models.<div style="display:inline-block;width:5.6px"> </div>Adjustments<div style="display:inline-block;width:6px"> </div>have<div style="display:inline-block;width:5.67px"> </div>been<div style="display:inline-block;width:6.08px"> </div>made<div style="display:inline-block;width:5.72px"> </div>to<div style="display:inline-block;width:5.25px"> </div>these<div style="display:inline-block;width:5.77px"> </div>models<div style="display:inline-block;width:5.87px"> </div>and<div style="display:inline-block;width:5.61px"> </div>IFRS<div style="display:inline-block;width:5.57px"> </div>9-related<div style="display:inline-block;width:5.91px"> </div>models<div style="display:inline-block;width:5.87px"> </div>have<div style="display:inline-block;width:5.67px"> </div>been </div><div id="a85790" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:191.4px;">developed that consider the complexity, structure<div style="display:inline-block;width:5.42px"> </div>and risk profile of relevant portfolios<div style="display:inline-block;width:5.38px"> </div>and take account of the fact that </div><div id="a85792" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:206.5px;">PDs and LGDs used in<div style="display:inline-block;width:1.95px"> </div>the ECL calculation<div style="display:inline-block;width:2.31px"> </div>are PIT-based,<div style="display:inline-block;width:1.59px"> </div>as opposed to the corresponding Basel III through-the-cycle<div style="display:inline-block;width:2.12px"> </div>(TTC) </div><div id="a85801" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:222.1px;">parameters. All models<div style="display:inline-block;width:5.77px"> </div>that are relevant<div style="display:inline-block;width:5.22px"> </div>for measuring expected<div style="display:inline-block;width:5.4px"> </div>credit losses<div style="display:inline-block;width:5.19px"> </div>are subject to<div style="display:inline-block;width:5.07px"> </div>UBS’s model<div style="display:inline-block;width:5.02px"> </div>validation and </div><div id="a85803" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:237.3px;">oversight processes.</div></div></div></div><div id="TextBlockContainer176" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:699px;height:967px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_172_XBRL_TS_cf4f806a629c49918856a3f308d951ff" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer173" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:699px;height:869px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a85841" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:0px;">Probability of default: </div><div id="a85842" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:130.792px;top:0.3px;">PD represents<div style="display:inline-block;width:5.03px"> </div>the probability of a default<div style="display:inline-block;width:5.56px"> </div>over a specified time<div style="display:inline-block;width:5.31px"> </div>period. A 12<div style="display:inline-block;width:1.38px"> </div>-month PD represents </div><div id="a85848" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.9px;">the probability of default determined<div style="display:inline-block;width:5.17px"> </div>for the next 12 months and a lifetime PD represents<div style="display:inline-block;width:5.1px"> </div>the probability of default over </div><div id="a85856" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:31px;">the remaining lifetime<div style="display:inline-block;width:2.18px"> </div>of the instrument. PIT<div style="display:inline-block;width:2.24px"> </div>PDs are derived<div style="display:inline-block;width:2.33px"> </div>from TTC PDs and<div style="display:inline-block;width:1.53px"> </div>scenario forecasts. The modeling is<div style="display:inline-block;width:1.93px"> </div>region, </div><div id="a85857" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.6px;">industry and<div style="display:inline-block;width:5.28px"> </div>client segment<div style="display:inline-block;width:5.19px"> </div>specific and<div style="display:inline-block;width:5.67px"> </div>considers both<div style="display:inline-block;width:5.59px"> </div>macroeconomic scenario<div style="display:inline-block;width:5.78px"> </div>dependencies<div style="display:inline-block;width:5.48px"> </div>and client-idiosyncratic </div><div id="a85865" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.8px;">information. </div><div id="a85867" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:84.2px;">Exposure at default: </div><div id="a85868" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:120.352px;top:84.5px;">EAD represents an estimate of the exposure to credit<div style="display:inline-block;width:1.87px"> </div>risk at the time of<div style="display:inline-block;width:2.11px"> </div>a potential default occurring, </div><div id="a85869" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.6px;">considering expected repayments, interest payments<div style="display:inline-block;width:5.68px"> </div>and accruals, discounted<div style="display:inline-block;width:5.16px"> </div>at the EIR. Future drawdowns on<div style="display:inline-block;width:5.38px"> </div>facilities </div><div id="a85871" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:115.2px;">are considered<div style="display:inline-block;width:5.56px"> </div>through a<div style="display:inline-block;width:5.3px"> </div>credit conversion factor<div style="display:inline-block;width:5.45px"> </div>(a<div style="display:inline-block;width:4.55px"> </div>CCF) that is<div style="display:inline-block;width:5.46px"> </div>reflective of historical<div style="display:inline-block;width:6.15px"> </div>drawdown<div style="display:inline-block;width:5.12px"> </div>and default<div style="display:inline-block;width:5.23px"> </div>patterns </div><div id="a85874" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:130.4px;">and the characteristics of the respective portfolios. </div><div id="a85876" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:153.3px;">Loss given default: </div><div id="a85878" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:112.312px;top:153.5px;">LGD represents an estimate<div style="display:inline-block;width:2.26px"> </div>of the loss at the time of a potential<div style="display:inline-block;width:2.17px"> </div>default occurring, taking<div style="display:inline-block;width:2.34px"> </div>into account </div><div id="a85879" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:168.7px;">expected<div style="display:inline-block;width:7.41px"> </div>future<div style="display:inline-block;width:6.8px"> </div>cash<div style="display:inline-block;width:7.14px"> </div>flows<div style="display:inline-block;width:7.19px"> </div>from<div style="display:inline-block;width:7.08px"> </div>collateral<div style="display:inline-block;width:6.47px"> </div>and<div style="display:inline-block;width:7.03px"> </div>other<div style="display:inline-block;width:7.19px"> </div>credit<div style="display:inline-block;width:6.92px"> </div>enhancements,<div style="display:inline-block;width:6.13px"> </div>or<div style="display:inline-block;width:7.62px"> </div>expected<div style="display:inline-block;width:6.47px"> </div>payouts<div style="display:inline-block;width:7.39px"> </div>from<div style="display:inline-block;width:6.6px"> </div>bankruptcy </div><div id="a85880" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:183.8px;">proceedings for unsecured<div style="display:inline-block;width:2.16px"> </div>claims and, where applicable,<div style="display:inline-block;width:1.5px"> </div>time to realization<div style="display:inline-block;width:2.03px"> </div>of collateral and the<div style="display:inline-block;width:2.09px"> </div>seniority of claims.<div style="display:inline-block;width:1.95px"> </div>LGD is </div><div id="a85883" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:199px;">commonly expressed<div style="display:inline-block;width:2.17px"> </div>as a percentage of<div style="display:inline-block;width:2.17px"> </div>EAD. </div><div id="a85885" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#E60000;left:4.905px;top:221.9px;">Estimation of expected credit losses </div><div id="a85892" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:244.6px;">Number of scenarios and estimation<div style="display:inline-block;width:5.2px"> </div>of scenario weights </div><div id="a85897" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:260px;">Determination of<div style="display:inline-block;width:1.98px"> </div>probability-weighted ECL<div style="display:inline-block;width:2.05px"> </div>requires evaluating<div style="display:inline-block;width:2.09px"> </div>a range of diverse<div style="display:inline-block;width:1.82px"> </div>and relevant future<div style="display:inline-block;width:2.04px"> </div>economic conditions, </div><div id="a85901" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:275.1px;">especially with a view<div style="display:inline-block;width:2.06px"> </div>to modeling the<div style="display:inline-block;width:1.7px"> </div>non-linear effect of assumptions<div style="display:inline-block;width:1.41px"> </div>about macroeconomic<div style="display:inline-block;width:2.33px"> </div>factors on the<div style="display:inline-block;width:2.14px"> </div>estimate.<div style="display:inline-block;width:2.68px"> </div></div><div id="a85905" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:297.8px;">To<div style="display:inline-block;width:6.87px"> </div>accommodate<div style="display:inline-block;width:6.36px"> </div>this<div style="display:inline-block;width:6.61px"> </div>requirement,<div style="display:inline-block;width:7.09px"> </div>UBS<div style="display:inline-block;width:6.5px"> </div>uses<div style="display:inline-block;width:6.45px"> </div>different<div style="display:inline-block;width:6.95px"> </div>economic<div style="display:inline-block;width:6.57px"> </div>scenarios<div style="display:inline-block;width:6.66px"> </div>in<div style="display:inline-block;width:6.72px"> </div>the<div style="display:inline-block;width:6.67px"> </div>ECL<div style="display:inline-block;width:6.57px"> </div>calculation.<div style="display:inline-block;width:6.46px"> </div>Each<div style="display:inline-block;width:6.62px"> </div>scenario<div style="display:inline-block;width:6.61px"> </div>is </div><div id="a85907" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:313px;">represented<div style="display:inline-block;width:5.88px"> </div>by a<div style="display:inline-block;width:6.25px"> </div>specific scenario<div style="display:inline-block;width:6.2px"> </div>narrative,<div style="display:inline-block;width:5.21px"> </div>which<div style="display:inline-block;width:5.4px"> </div>is<div style="display:inline-block;width:5.15px"> </div>relevant<div style="display:inline-block;width:5.03px"> </div>considering<div style="display:inline-block;width:5.7px"> </div>the exposure<div style="display:inline-block;width:6.37px"> </div>of key<div style="display:inline-block;width:6.1px"> </div>portfolios<div style="display:inline-block;width:5.39px"> </div>to<div style="display:inline-block;width:5.25px"> </div>economic </div><div id="a85908" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:328.6px;">risks, and for which<div style="display:inline-block;width:2.18px"> </div>a set of<div style="display:inline-block;width:2.05px"> </div>consistent macroeconomic variables is determined. The<div style="display:inline-block;width:2.18px"> </div>estimation of the appropriate weights </div><div id="a85911" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:343.8px;">for<div style="display:inline-block;width:5.57px"> </div>these<div style="display:inline-block;width:5.77px"> </div>scenarios<div style="display:inline-block;width:5.72px"> </div>is<div style="display:inline-block;width:5.62px"> </div>predominantly<div style="display:inline-block;width:6.05px"> </div>judgment-based.<div style="display:inline-block;width:6.67px"> </div>The<div style="display:inline-block;width:5.4px"> </div>assessment<div style="display:inline-block;width:5.77px"> </div>is<div style="display:inline-block;width:5.62px"> </div>based<div style="display:inline-block;width:5.66px"> </div>on<div style="display:inline-block;width:5.13px"> </div>a<div style="display:inline-block;width:5.67px"> </div>holistic review<div style="display:inline-block;width:6.87px"> </div>of<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>prevailing </div><div id="a85915" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:359.4px;">economic or<div style="display:inline-block;width:5.77px"> </div>political<div style="display:inline-block;width:5.78px"> </div>conditions,<div style="display:inline-block;width:5.33px"> </div>which may<div style="display:inline-block;width:6.1px"> </div>exhibit<div style="display:inline-block;width:5.04px"> </div>different levels<div style="display:inline-block;width:6.53px"> </div>of uncertainty.<div style="display:inline-block;width:6.31px"> </div>It<div style="display:inline-block;width:5.23px"> </div>takes<div style="display:inline-block;width:5.1px"> </div>into account<div style="display:inline-block;width:6.45px"> </div>the impact<div style="display:inline-block;width:5.89px"> </div>of </div><div id="a85917" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:374.5px;">changes in the nature<div style="display:inline-block;width:5.03px"> </div>and severity of the underlying scenario narratives<div style="display:inline-block;width:5.01px"> </div>and the projected economic variables.<div style="display:inline-block;width:9.26px"> </div></div><div id="a85920" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:397.7px;">The determined<div style="display:inline-block;width:5.08px"> </div>weights constitute<div style="display:inline-block;width:5.02px"> </div>the probabilities that<div style="display:inline-block;width:5.26px"> </div>the respective<div style="display:inline-block;width:5.03px"> </div>set of macroeconomic<div style="display:inline-block;width:5.23px"> </div>conditions will<div style="display:inline-block;width:5.5px"> </div>occur and </div><div id="a85923" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:412.8px;">not that the chosen particular narratives with<div style="display:inline-block;width:5.07px"> </div>the related macroeconomic variables<div style="display:inline-block;width:5.16px"> </div>will materialize. </div><div id="a85925" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:435.3px;">Macroeconomic and other factors </div><div id="a85929" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:450.7px;">The range<div style="display:inline-block;width:5.29px"> </div>of macroeconomic,<div style="display:inline-block;width:5.81px"> </div>market and<div style="display:inline-block;width:5.72px"> </div>other factors<div style="display:inline-block;width:5.47px"> </div>that is<div style="display:inline-block;width:5.15px"> </div>modeled as<div style="display:inline-block;width:5.7px"> </div>part of<div style="display:inline-block;width:5.25px"> </div>the scenario<div style="display:inline-block;width:5.35px"> </div>determination<div style="display:inline-block;width:5.19px"> </div>is wide, </div><div id="a85931" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:465.8px;">and historical information<div style="display:inline-block;width:5.91px"> </div>is used to<div style="display:inline-block;width:5.38px"> </div>support the identification<div style="display:inline-block;width:5.27px"> </div>of the key<div style="display:inline-block;width:5.31px"> </div>factors. As the<div style="display:inline-block;width:5.36px"> </div>forecast horizon increases,<div style="display:inline-block;width:5.77px"> </div>the </div><div id="a85932" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:481.4px;">availability of<div style="display:inline-block;width:5.9px"> </div>information<div style="display:inline-block;width:5.19px"> </div>decreases,<div style="display:inline-block;width:5.49px"> </div>requiring<div style="display:inline-block;width:5.26px"> </div>an increase<div style="display:inline-block;width:6.49px"> </div>in judgment.<div style="display:inline-block;width:6.38px"> </div>For<div style="display:inline-block;width:5.05px"> </div>cycle-sensitive PD<div style="display:inline-block;width:6.04px"> </div>and<div style="display:inline-block;width:5.13px"> </div>LGD<div style="display:inline-block;width:5.05px"> </div>determination </div><div id="a85935" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:496.6px;">purposes, UBS projects the relevant economic factors for a period of three<div style="display:inline-block;width:2.31px"> </div>years before reverting, over a specified period, </div><div id="a85938" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:512.2px;">to cycle-neutral PD and LGD for longer<div style="display:inline-block;width:1.53px"> </div>-term projections.<div style="display:inline-block;width:4.77px"> </div></div><div id="a85944" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:534.9px;">Factors relevant<div style="display:inline-block;width:5.62px"> </div>for ECL<div style="display:inline-block;width:5.63px"> </div>calculation<div style="display:inline-block;width:5.41px"> </div>vary by<div style="display:inline-block;width:5.22px"> </div>type of<div style="display:inline-block;width:5.68px"> </div>exposure.<div style="display:inline-block;width:5.37px"> </div>Regional and<div style="display:inline-block;width:5.84px"> </div>client-segment<div style="display:inline-block;width:5.13px"> </div>characteristics<div style="display:inline-block;width:5.02px"> </div>are generally </div><div id="a85947" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:550px;">taken into account, with specific focus<div style="display:inline-block;width:5.23px"> </div>on Switzerland and the US,<div style="display:inline-block;width:5.11px"> </div>considering UBS’s key ECL-relevant portfolios. </div><div id="a85951" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:572.7px;">For UBS, the following forward-looking macroeconomic variables represent the most relevant factors for ECL calculation:<div style="display:inline-block;width:4.91px"> </div></div><div id="a85959" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:587.9px;">–</div><div id="a85960" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:587.7px;"> </div><div id="a85961" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:587.9px;">GDP growth rates, given their significant<div style="display:inline-block;width:5.04px"> </div>effect on borrowers’<div style="display:inline-block;width:5.09px"> </div>performance;<div style="display:inline-block;width:4.44px"> </div></div><div id="a85963" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:603.5px;">–</div><div id="a85964" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:603.3px;"> </div><div id="a85965" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:603.5px;">unemployment rates, given their significant effect<div style="display:inline-block;width:5.11px"> </div>on private clients’ ability to meet<div style="display:inline-block;width:5.25px"> </div>contractual obligations;<div style="display:inline-block;width:5.08px"> </div></div><div id="a85967" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:618.6px;">–</div><div id="a85968" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:618.5px;"> </div><div id="a85969" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:618.6px;">house price indices, given their significant<div style="display:inline-block;width:5.04px"> </div>effect on mortgage collateral<div style="display:inline-block;width:5.02px"> </div>valuations;<div style="display:inline-block;width:4.73px"> </div></div><div id="a85971" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:634.2px;">–</div><div id="a85972" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:634.1px;"> </div><div id="a85973" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:634.2px;">interest rates, given their significant effect on<div style="display:inline-block;width:5.3px"> </div>counterparties’ abilities to service<div style="display:inline-block;width:5.33px"> </div>debt;<div style="display:inline-block;width:4.27px"> </div></div><div id="a85976" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:649.4px;">–</div><div id="a85977" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:649.2px;"> </div><div id="a85978" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:649.4px;">consumer price<div style="display:inline-block;width:5.67px"> </div>indices,<div style="display:inline-block;width:5.35px"> </div>given their<div style="display:inline-block;width:5.67px"> </div>overall relevance<div style="display:inline-block;width:6.62px"> </div>for companies’<div style="display:inline-block;width:5.98px"> </div>performance,<div style="display:inline-block;width:5.1px"> </div>private<div style="display:inline-block;width:5.26px"> </div>clients’ purchasing<div style="display:inline-block;width:6.88px"> </div>power </div><div id="a85979" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:664.5px;">and economic stability; and </div><div id="a85981" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:680.1px;">–</div><div id="a85982" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:680px;"> </div><div id="a85983" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:680.1px;">equity indices, given that they are an<div style="display:inline-block;width:5.1px"> </div>important factor in our corporate rating<div style="display:inline-block;width:5.44px"> </div>tools.<div style="display:inline-block;width:4.37px"> </div></div><div id="a85985" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:702.5px;">Scenario generation, review process and<div style="display:inline-block;width:5.31px"> </div>governance </div><div id="a85987" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:717.9px;">A team of<div style="display:inline-block;width:5.78px"> </div>economists, which<div style="display:inline-block;width:5.79px"> </div>is part<div style="display:inline-block;width:5.18px"> </div>of Group<div style="display:inline-block;width:5.94px"> </div>Risk Control,<div style="display:inline-block;width:5.67px"> </div>develop the<div style="display:inline-block;width:5.18px"> </div>forward-looking<div style="display:inline-block;width:6.09px"> </div>macroeconomic assumptions </div><div id="a85994" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:733.6px;">with involvement from a broad<div style="display:inline-block;width:5.59px"> </div>range of experts. </div><div id="a85998" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:756.3px;">The<div style="display:inline-block;width:5.4px"> </div>scenarios,<div style="display:inline-block;width:5.35px"> </div>their weight<div style="display:inline-block;width:6.77px"> </div>and<div style="display:inline-block;width:5.61px"> </div>the<div style="display:inline-block;width:5.25px"> </div>key macroeconomic<div style="display:inline-block;width:6.4px"> </div>and<div style="display:inline-block;width:5.61px"> </div>other<div style="display:inline-block;width:5.3px"> </div>factors<div style="display:inline-block;width:5.26px"> </div>are<div style="display:inline-block;width:5.29px"> </div>subject<div style="display:inline-block;width:5.2px"> </div>to<div style="display:inline-block;width:5.25px"> </div>a<div style="display:inline-block;width:5.2px"> </div>critical<div style="display:inline-block;width:5.12px"> </div>assessment<div style="display:inline-block;width:5.29px"> </div>by<div style="display:inline-block;width:5.2px"> </div>the </div><div id="a85999" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:771.4px;">IFRS 9 Scenario<div style="display:inline-block;width:6.43px"> </div>Sounding<div style="display:inline-block;width:5.84px"> </div>Sessions<div style="display:inline-block;width:5.18px"> </div>and<div style="display:inline-block;width:5.13px"> </div>ECL Management<div style="display:inline-block;width:6.08px"> </div>Forum, which<div style="display:inline-block;width:6.45px"> </div>include senior<div style="display:inline-block;width:6.64px"> </div>management<div style="display:inline-block;width:5.35px"> </div>from<div style="display:inline-block;width:5.06px"> </div>Group<div style="display:inline-block;width:5.32px"> </div>Risk </div><div id="a86004" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:786.5px;">and Group<div style="display:inline-block;width:5.83px"> </div>Finance. Important aspects<div style="display:inline-block;width:5.72px"> </div>for the<div style="display:inline-block;width:5.25px"> </div>review include<div style="display:inline-block;width:6.04px"> </div>whether there<div style="display:inline-block;width:5.64px"> </div>may be<div style="display:inline-block;width:5.15px"> </div>particular credit<div style="display:inline-block;width:5.14px"> </div>risk concerns<div style="display:inline-block;width:5.9px"> </div>that </div><div id="a86006" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:802.2px;">may not be<div style="display:inline-block;width:5.51px"> </div>capable of being<div style="display:inline-block;width:5.11px"> </div>addressed systematically and<div style="display:inline-block;width:5.32px"> </div>require post-model<div style="display:inline-block;width:5.38px"> </div>adjustments for stage<div style="display:inline-block;width:5.07px"> </div>allocation and<div style="display:inline-block;width:5.18px"> </div>ECL </div><div id="a86009" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:817.3px;">allowance.<div style="display:inline-block;width:4.02px"> </div></div><div id="a86012" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:840.5px;">The<div style="display:inline-block;width:7.3px"> </div>Group<div style="display:inline-block;width:7.21px"> </div>Model<div style="display:inline-block;width:6.97px"> </div>Governance<div style="display:inline-block;width:7.27px"> </div>Committee<div style="display:inline-block;width:6.73px"> </div>(the<div style="display:inline-block;width:7.25px"> </div>GMGC),<div style="display:inline-block;width:7.3px"> </div>as<div style="display:inline-block;width:7.14px"> </div>the<div style="display:inline-block;width:6.67px"> </div>highest<div style="display:inline-block;width:7.49px"> </div>authority<div style="display:inline-block;width:6.93px"> </div>under<div style="display:inline-block;width:7.55px"> </div>UBS’s<div style="display:inline-block;width:7.13px"> </div>model<div style="display:inline-block;width:6.77px"> </div>governance </div><div id="a86013" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:855.6px;">framework, ratifies the decisions<div style="display:inline-block;width:5.03px"> </div>taken by the ECL Management Forum.</div></div></div><div id="a86013_68_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:413.022px;top:855.6px;"><div style="display:inline-block;width:4.04px"> </div></div><div id="a86015" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:867.3px;">›</div><div id="a86016" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:867.5px;"> </div><div id="a86017" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:872.2px;">Refer to Note 19<div style="display:inline-block;width:1.6px"> </div>for more information </div><div id="div_174_XBRL_TS_d175ec5637344275a9b4a695bda07545" style="position:absolute;left:0px;top:892.7px;float:left;"><div id="TextBlockContainer175" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:75px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a86022" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:0px;">ECL measurement period<div style="display:inline-block;width:4.97px"> </div></div><div id="a86027" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.4px;">The period<div style="display:inline-block;width:5.38px"> </div>for which lifetime<div style="display:inline-block;width:6.22px"> </div>ECL are<div style="display:inline-block;width:5.34px"> </div>determined is<div style="display:inline-block;width:5.29px"> </div>based on<div style="display:inline-block;width:5.69px"> </div>the maximum<div style="display:inline-block;width:5.74px"> </div>contractual period<div style="display:inline-block;width:5.29px"> </div>that UBS<div style="display:inline-block;width:5.08px"> </div>is exposed<div style="display:inline-block;width:5.7px"> </div>to </div><div id="a86029" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.5px;">credit<div style="display:inline-block;width:7.39px"> </div>risk,<div style="display:inline-block;width:7.94px"> </div>taking<div style="display:inline-block;width:7.71px"> </div>into<div style="display:inline-block;width:7.71px"> </div>account<div style="display:inline-block;width:7.62px"> </div>contractual<div style="display:inline-block;width:7.2px"> </div>extension,<div style="display:inline-block;width:8.34px"> </div>termination<div style="display:inline-block;width:7.82px"> </div>and<div style="display:inline-block;width:7.97px"> </div>prepayment<div style="display:inline-block;width:7.75px"> </div>options.<div style="display:inline-block;width:8.27px"> </div>For<div style="display:inline-block;width:7.41px"> </div>irrevocable<div style="display:inline-block;width:7.29px"> </div>loan </div><div id="a86030" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:46.1px;">commitments<div style="display:inline-block;width:5.06px"> </div>and<div style="display:inline-block;width:5.13px"> </div>financial guarantee<div style="display:inline-block;width:5.82px"> </div>contracts, the<div style="display:inline-block;width:5.68px"> </div>measurement<div style="display:inline-block;width:5.28px"> </div>period<div style="display:inline-block;width:5.08px"> </div>represents<div style="display:inline-block;width:5.72px"> </div>the maximum<div style="display:inline-block;width:5.26px"> </div>contractual<div style="display:inline-block;width:5.31px"> </div>period </div><div id="a86033" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61.3px;">for which UBS has an<div style="display:inline-block;width:5.11px"> </div>obligation to extend credit.</div></div></div></div><div id="TextBlockContainer180" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:715px;height:592px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_178_XBRL_TS_c05c5cc4b977439399e506f8025761ee" style="position:absolute;left:20.335px;top:0px;float:left;"><div id="TextBlockContainer179" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:541px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a86071" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Additionally, some financial instruments include both<div style="display:inline-block;width:5.34px"> </div>an on-demand loan and a revocable undrawn commitment, where </div><div id="a86076" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">the<div style="display:inline-block;width:5.25px"> </div>contractual cancel<div style="display:inline-block;width:1.43px"> </div>lation<div style="display:inline-block;width:5.71px"> </div>right<div style="display:inline-block;width:5.2px"> </div>does<div style="display:inline-block;width:5.18px"> </div>not<div style="display:inline-block;width:5.45px"> </div>limit UBS’s<div style="display:inline-block;width:6.61px"> </div>exposure<div style="display:inline-block;width:5.27px"> </div>to credit<div style="display:inline-block;width:6.13px"> </div>risk to<div style="display:inline-block;width:6.56px"> </div>the contractual<div style="display:inline-block;width:5.94px"> </div>notice<div style="display:inline-block;width:5.15px"> </div>period,<div style="display:inline-block;width:5.66px"> </div>as<div style="display:inline-block;width:5.25px"> </div>the </div><div id="a86079" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">client has<div style="display:inline-block;width:5.2px"> </div>the ability<div style="display:inline-block;width:5.36px"> </div>to draw<div style="display:inline-block;width:5.51px"> </div>down funds<div style="display:inline-block;width:6.05px"> </div>before UBS<div style="display:inline-block;width:5.53px"> </div>can take<div style="display:inline-block;width:5.15px"> </div>risk-mitigating<div style="display:inline-block;width:5.36px"> </div>actions. In<div style="display:inline-block;width:5.5px"> </div>such cases<div style="display:inline-block;width:5.11px"> </div>UBS<div style="display:inline-block;width:5.08px"> </div>is required<div style="display:inline-block;width:5.45px"> </div>to </div><div id="a86083" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.4px;">estimate the period<div style="display:inline-block;width:6.24px"> </div>over which it<div style="display:inline-block;width:5.67px"> </div>is exposed<div style="display:inline-block;width:5.7px"> </div>to credit risk.<div style="display:inline-block;width:5.66px"> </div>This applies<div style="display:inline-block;width:5.23px"> </div>to UBS’s<div style="display:inline-block;width:5.39px"> </div>credit card limits,<div style="display:inline-block;width:5.8px"> </div>which do<div style="display:inline-block;width:5.44px"> </div>not have<div style="display:inline-block;width:5.08px"> </div>a </div><div id="a86084" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">defined contractual maturity date, are<div style="display:inline-block;width:2.29px"> </div>callable on demand and where the drawn and<div style="display:inline-block;width:1.47px"> </div>undrawn components are managed </div><div id="a86086" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;">as one exposure.<div style="display:inline-block;width:5.09px"> </div>The exposure arising from UBS’s<div style="display:inline-block;width:5.05px"> </div>credit card limits is not significant<div style="display:inline-block;width:5.09px"> </div>and is managed at a portfolio<div style="display:inline-block;width:5.09px"> </div>level, </div><div id="a86087" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:92.3px;">with credit actions triggered when balances are past due. An ECL measurement<div style="display:inline-block;width:2.09px"> </div>period of seven years is applied for<div style="display:inline-block;width:1.95px"> </div>credit </div><div id="a86088" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:107.4px;">card limits, capped at 12 months<div style="display:inline-block;width:5.43px"> </div>for stage 1 balances, as a proxy for the period<div style="display:inline-block;width:5.24px"> </div>that UBS is exposed<div style="display:inline-block;width:5.22px"> </div>to credit risk. </div><div id="a86093" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:130.6px;">Customary master credit<div style="display:inline-block;width:1.94px"> </div>agreements in the<div style="display:inline-block;width:2.01px"> </div>Swiss corporate market<div style="display:inline-block;width:2.16px"> </div>also include<div style="display:inline-block;width:2.34px"> </div>on-demand loans and revocable<div style="display:inline-block;width:2.04px"> </div>undrawn </div><div id="a86096" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:145.7px;">commitments.<div style="display:inline-block;width:6.64px"> </div>For<div style="display:inline-block;width:5.99px"> </div>smaller<div style="display:inline-block;width:6.63px"> </div>commercial<div style="display:inline-block;width:7px"> </div>facilities,<div style="display:inline-block;width:6.34px"> </div>a<div style="display:inline-block;width:6.15px"> </div>risk-based<div style="display:inline-block;width:6.75px"> </div>monitoring<div style="display:inline-block;width:6.49px"> </div>(RbM)<div style="display:inline-block;width:6.81px"> </div>approach<div style="display:inline-block;width:6.84px"> </div>is<div style="display:inline-block;width:6.09px"> </div>in<div style="display:inline-block;width:6.25px"> </div>place<div style="display:inline-block;width:6.04px"> </div>that<div style="display:inline-block;width:6.04px"> </div>highlights </div><div id="a86102" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:160.9px;">negative<div style="display:inline-block;width:6.09px"> </div>trends<div style="display:inline-block;width:6.53px"> </div>as<div style="display:inline-block;width:6.2px"> </div>risk<div style="display:inline-block;width:6.41px"> </div>events,<div style="display:inline-block;width:6.15px"> </div>at<div style="display:inline-block;width:6.47px"> </div>an<div style="display:inline-block;width:6.35px"> </div>individual<div style="display:inline-block;width:6.34px"> </div>facility<div style="display:inline-block;width:6.54px"> </div>level,<div style="display:inline-block;width:6.31px"> </div>based<div style="display:inline-block;width:6.6px"> </div>on<div style="display:inline-block;width:6.55px"> </div>a<div style="display:inline-block;width:6.15px"> </div>combination<div style="display:inline-block;width:6.91px"> </div>of<div style="display:inline-block;width:6.2px"> </div>continuously<div style="display:inline-block;width:6.64px"> </div>updated<div style="display:inline-block;width:6.8px"> </div>risk </div><div id="a86103" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:176px;">indicators. The risk events<div style="display:inline-block;width:2.14px"> </div>trigger additional credit reviews<div style="display:inline-block;width:2.33px"> </div>by a risk officer,<div style="display:inline-block;width:2.05px"> </div>enabling informed credit decisions to<div style="display:inline-block;width:2.18px"> </div>be taken. </div><div id="a86105" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:191.6px;">Larger corporate facilities are not subject to RbM,<div style="display:inline-block;width:5.63px"> </div>but are reviewed at least annually through<div style="display:inline-block;width:5.61px"> </div>a formal credit review. UBS </div><div id="a86106" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:206.8px;">has assessed these credit risk management<div style="display:inline-block;width:5.29px"> </div>practices and considers<div style="display:inline-block;width:5.25px"> </div>both the RbM approach and<div style="display:inline-block;width:5.31px"> </div>formal credit reviews as </div><div id="a86108" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:222.4px;">substantive<div style="display:inline-block;width:5.77px"> </div>credit<div style="display:inline-block;width:5.5px"> </div>reviews<div style="display:inline-block;width:5.61px"> </div>resulting<div style="display:inline-block;width:6.05px"> </div>in<div style="display:inline-block;width:5.77px"> </div>a<div style="display:inline-block;width:5.67px"> </div>re-origination<div style="display:inline-block;width:6.16px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.72px"> </div>given<div style="display:inline-block;width:5.77px"> </div>facility.<div style="display:inline-block;width:5.02px"> </div>Following<div style="display:inline-block;width:6.55px"> </div>this,<div style="display:inline-block;width:5.3px"> </div>a<div style="display:inline-block;width:5.67px"> </div>12-month<div style="display:inline-block;width:5.95px"> </div>measurement </div><div id="a86113" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:237.5px;">period from<div style="display:inline-block;width:5.16px"> </div>the reporting date<div style="display:inline-block;width:5.52px"> </div>is used<div style="display:inline-block;width:5.23px"> </div>for both types<div style="display:inline-block;width:5.18px"> </div>of facilities as an<div style="display:inline-block;width:5.41px"> </div>appropriate proxy<div style="display:inline-block;width:5.21px"> </div>of the period<div style="display:inline-block;width:5.86px"> </div>over which UBS </div><div id="a86115" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:253.1px;">is exposed<div style="display:inline-block;width:5.23px"> </div>to credit risk, with<div style="display:inline-block;width:5.34px"> </div>12 months also used<div style="display:inline-block;width:5.45px"> </div>as a look-back<div style="display:inline-block;width:5.36px"> </div>period for assessing<div style="display:inline-block;width:5.31px"> </div>SICR, always from<div style="display:inline-block;width:5.12px"> </div>the respective </div><div id="a86121" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:268.3px;">reporting date. </div><div id="a86123" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#E60000;left:4.905px;top:290.7px;">Significant increase in credit risk<div style="display:inline-block;width:5.27px"> </div></div><div id="a86125" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:306.1px;">Financial<div style="display:inline-block;width:5.83px"> </div>instruments<div style="display:inline-block;width:6.13px"> </div>subject<div style="display:inline-block;width:5.67px"> </div>to ECL<div style="display:inline-block;width:5.78px"> </div>are monitored<div style="display:inline-block;width:7.46px"> </div>on an<div style="display:inline-block;width:5.44px"> </div>ongoing<div style="display:inline-block;width:5.84px"> </div>basis.<div style="display:inline-block;width:5.5px"> </div>To<div style="display:inline-block;width:5.93px"> </div>determine<div style="display:inline-block;width:5.99px"> </div>whether<div style="display:inline-block;width:5.88px"> </div>the recognition<div style="display:inline-block;width:7.31px"> </div>of a </div><div id="a86127" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:321.7px;">maximum<div style="display:inline-block;width:6.06px"> </div>12-month<div style="display:inline-block;width:6.76px"> </div>ECL<div style="display:inline-block;width:5.63px"> </div>continues<div style="display:inline-block;width:6.55px"> </div>to<div style="display:inline-block;width:5.25px"> </div>be<div style="display:inline-block;width:5.4px"> </div>appropriate,<div style="display:inline-block;width:7.21px"> </div>an<div style="display:inline-block;width:5.4px"> </div>assessment<div style="display:inline-block;width:7.19px"> </div>is<div style="display:inline-block;width:5.15px"> </div>made<div style="display:inline-block;width:5.72px"> </div>as<div style="display:inline-block;width:5.72px"> </div>to whether<div style="display:inline-block;width:7.92px"> </div>an SICR<div style="display:inline-block;width:7.18px"> </div>has<div style="display:inline-block;width:5.45px"> </div>occurred </div><div id="a86130" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:336.9px;">since initial<div style="display:inline-block;width:5.83px"> </div>recognition<div style="display:inline-block;width:5.73px"> </div>of the<div style="display:inline-block;width:5.4px"> </div>financial instrument<div style="display:inline-block;width:3.28px"> </div>,<div style="display:inline-block;width:3.89px"> </div>applying<div style="display:inline-block;width:5.16px"> </div>both quantit<div style="display:inline-block;width:2.21px"> </div>ative and<div style="display:inline-block;width:5.72px"> </div>qualitative<div style="display:inline-block;width:5.73px"> </div>factors.<div style="display:inline-block;width:5.45px"> </div></div><div id="a86136" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:360px;">Primarily, UBS<div style="display:inline-block;width:6.01px"> </div>assesses changes<div style="display:inline-block;width:6.48px"> </div>in an<div style="display:inline-block;width:5.61px"> </div>instrument’s risk<div style="display:inline-block;width:5.66px"> </div>of default<div style="display:inline-block;width:5.82px"> </div>on<div style="display:inline-block;width:5.13px"> </div>a quantitative<div style="display:inline-block;width:5.52px"> </div>basis by<div style="display:inline-block;width:5.98px"> </div>comparing the<div style="display:inline-block;width:6.02px"> </div>annualized </div><div id="a86137" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:375.2px;">forward-looking and<div style="display:inline-block;width:5.06px"> </div>scenario-weighted lifetime PD of an instrument determined<div style="display:inline-block;width:5.73px"> </div>at two different dates:<div style="display:inline-block;width:5.2px"> </div></div><div id="a86143" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:390.3px;">–</div><div id="a86144" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:390.2px;"> </div><div id="a86145" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:390.3px;">at the reporting date; and<div style="display:inline-block;width:4.76px"> </div></div><div id="a86149" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:405.4px;">–</div><div id="a86150" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:405.3px;"> </div><div id="a86151" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:405.4px;">at inception of the instrument. </div><div id="a86153" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:428.6px;">If, based<div style="display:inline-block;width:5.13px"> </div>on UBS’s quantitative<div style="display:inline-block;width:5.11px"> </div>modeling, an<div style="display:inline-block;width:5.59px"> </div>increase exceeds a<div style="display:inline-block;width:5.29px"> </div>set threshold,<div style="display:inline-block;width:5.05px"> </div>an SICR is<div style="display:inline-block;width:5.34px"> </div>deemed to have<div style="display:inline-block;width:5.24px"> </div>occurred and </div><div id="a86154" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:443.8px;">the instrument is transferred to stage 2<div style="display:inline-block;width:5.21px"> </div>with lifetime ECL recognized. </div><div id="a86158" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:466.5px;">The threshold<div style="display:inline-block;width:5.75px"> </div>applied varies depending<div style="display:inline-block;width:6.51px"> </div>on the<div style="display:inline-block;width:5.29px"> </div>original credit<div style="display:inline-block;width:5.28px"> </div>quality of<div style="display:inline-block;width:5.67px"> </div>the borrower,<div style="display:inline-block;width:5.75px"> </div>with a higher<div style="display:inline-block;width:5.81px"> </div>SICR threshold<div style="display:inline-block;width:5.77px"> </div>set </div><div id="a86160" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:481.6px;">for those<div style="display:inline-block;width:5.98px"> </div>instruments with<div style="display:inline-block;width:5.82px"> </div>a low<div style="display:inline-block;width:5.98px"> </div>PD at<div style="display:inline-block;width:5.78px"> </div>inception. The<div style="display:inline-block;width:5.86px"> </div>SICR assessment<div style="display:inline-block;width:5.65px"> </div>based on<div style="display:inline-block;width:6.16px"> </div>PD changes<div style="display:inline-block;width:5.91px"> </div>is made<div style="display:inline-block;width:5.3px"> </div>at an<div style="display:inline-block;width:5.83px"> </div>individual </div><div id="a86161" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:497.2px;">financial asset<div style="display:inline-block;width:5.46px"> </div>level. A<div style="display:inline-block;width:6.1px"> </div>high-level overview<div style="display:inline-block;width:5.33px"> </div>of the<div style="display:inline-block;width:5.4px"> </div>SICR<div style="display:inline-block;width:5.07px"> </div>trigger, which<div style="display:inline-block;width:5.76px"> </div>is a<div style="display:inline-block;width:5.25px"> </div>multiple of<div style="display:inline-block;width:5.61px"> </div>the annualized<div style="display:inline-block;width:5.75px"> </div>remaining<div style="display:inline-block;width:5.06px"> </div>lifetime </div><div id="a86166" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:512.4px;">PIT<div style="display:inline-block;width:5.1px"> </div>PD<div style="display:inline-block;width:5.36px"> </div>expressed<div style="display:inline-block;width:5.59px"> </div>in<div style="display:inline-block;width:5.3px"> </div>rating downgrades<div style="display:inline-block;width:1.71px"> </div>,<div style="display:inline-block;width:5.33px"> </div>is provided<div style="display:inline-block;width:6.79px"> </div>in the<div style="display:inline-block;width:6.4px"> </div>“SICR<div style="display:inline-block;width:5.18px"> </div>thresholds”<div style="display:inline-block;width:5.67px"> </div>table below.<div style="display:inline-block;width:6.49px"> </div>The<div style="display:inline-block;width:5.4px"> </div>actual SICR<div style="display:inline-block;width:6.72px"> </div>thresholds </div><div id="a86169" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:527.5px;">applied are defined on<div style="display:inline-block;width:5.33px"> </div>a more granular level by interpolating between<div style="display:inline-block;width:5.07px"> </div>the values shown in<div style="display:inline-block;width:5.12px"> </div>the table.</div></div></div><div id="a86169_100_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:598.273px;top:527.5px;"> </div><div id="a86174" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:25.24px;top:553.1px;">SICR thresholds </div><div id="a86176" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.905px;top:570.2px;">–</div><div id="a86177" style="position:absolute;font-family:'Arial';font-size:9.931px;font-weight:normal;font-style:normal;left:10.106px;top:570.2px;"> </div><div id="a86178" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;left:29.024px;top:570px;">Internal rating at origination<div style="display:inline-block;width:3.44px"> </div></div><div id="a86180" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;left:29.024px;top:582.3px;">of the instrument </div></div><div id="TextBlockContainer184" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:690px;height:370px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a86182" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:368.481px;top:0px;">–</div><div id="a86183" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:373.694px;top:0px;"> </div><div id="a86184" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:392.641px;top:-0.2px;">Rating downgrades / </div><div id="a86186" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:392.641px;top:12.1px;">SICR trigger </div><div id="a86188" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:188.681px;top:32.2px;">0–3 </div><div id="a86192" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.628px;top:32.2px;">3 </div><div id="a86194" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:188.681px;top:52.5px;">4–8 </div><div id="a86198" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.628px;top:52.5px;">2 </div><div id="a86200" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:186.321px;top:72.8px;">9–13 </div><div id="a86204" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.628px;top:72.8px;">1 </div><div id="a86206" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:18.314px;top:85.9px;">›</div><div id="a86207" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:23.516px;top:86.1px;"> </div><div id="a86208" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:29.696px;top:90.7px;">Refer to the “Risk<div style="display:inline-block;width:1.45px"> </div>management and<div style="display:inline-block;width:1.21px"> </div>control” section of<div style="display:inline-block;width:1.68px"> </div>this report for more<div style="display:inline-block;width:1.48px"> </div>details about<div style="display:inline-block;width:1.49px"> </div>UBS’s internal grading<div style="display:inline-block;width:1.44px"> </div>system </div><div id="div_182_XBRL_TS_8816c2c4963d4c4cb79f2a664dfb81f6" style="position:absolute;left:0px;top:111.5px;float:left;"><div id="TextBlockContainer183" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:258px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a86220" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Irrespective of<div style="display:inline-block;width:5.72px"> </div>the SICR<div style="display:inline-block;width:6.55px"> </div>assessment based<div style="display:inline-block;width:6.32px"> </div>on<div style="display:inline-block;width:5.13px"> </div>default probabilities,<div style="display:inline-block;width:6.25px"> </div>credit risk<div style="display:inline-block;width:5.87px"> </div>is generally<div style="display:inline-block;width:6.04px"> </div>deemed to<div style="display:inline-block;width:6.08px"> </div>have significantly </div><div id="a86221" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">increased<div style="display:inline-block;width:6.38px"> </div>for<div style="display:inline-block;width:6.04px"> </div>an<div style="display:inline-block;width:6.35px"> </div>instrument<div style="display:inline-block;width:6.09px"> </div>if<div style="display:inline-block;width:5.89px"> </div>the<div style="display:inline-block;width:6.2px"> </div>contractual<div style="display:inline-block;width:6.26px"> </div>payments<div style="display:inline-block;width:6.31px"> </div>are<div style="display:inline-block;width:6.23px"> </div>more<div style="display:inline-block;width:6.28px"> </div>than<div style="display:inline-block;width:6.4px"> </div>30<div style="display:inline-block;width:6.08px"> </div>days<div style="display:inline-block;width:5.72px"> </div>past<div style="display:inline-block;width:6.25px"> </div>due.<div style="display:inline-block;width:6.76px"> </div>For<div style="display:inline-block;width:5.99px"> </div>certain<div style="display:inline-block;width:5.74px"> </div>less<div style="display:inline-block;width:6.14px"> </div>material </div><div id="a86225" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.3px;">portfolios, specifically the Swiss<div style="display:inline-block;width:5.03px"> </div>credit card portfolio,<div style="display:inline-block;width:4.81px"> </div>the 30-day past due criterion<div style="display:inline-block;width:5.51px"> </div>is used as the<div style="display:inline-block;width:5.06px"> </div>primary indicator of an </div><div id="a86229" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.9px;">SICR. Where instruments are transferred to stage 2 due to<div style="display:inline-block;width:2.34px"> </div>the 30-day past due criterion, a<div style="display:inline-block;width:2.01px"> </div>minimum period of six<div style="display:inline-block;width:2.08px"> </div>months </div><div id="a86235" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61px;">is applied before a transfer<div style="display:inline-block;width:2.16px"> </div>back to stage 1 can be triggered. For<div style="display:inline-block;width:2.15px"> </div>instruments in Personal &amp; Corporate Banking and Global </div><div id="a86238" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;">Wealth Management<div style="display:inline-block;width:5.16px"> </div>Region Switzerland<div style="display:inline-block;width:5.33px"> </div>that are between<div style="display:inline-block;width:5.75px"> </div>90 and 180 days<div style="display:inline-block;width:5.56px"> </div>past due but<div style="display:inline-block;width:5.22px"> </div>have not been<div style="display:inline-block;width:5.43px"> </div>reclassified to </div><div id="a86240" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:91.8px;">stage 3, a one-year period is applied<div style="display:inline-block;width:5.46px"> </div>before a transfer back to stage 1 can be<div style="display:inline-block;width:5.3px"> </div>triggered. </div><div id="a86248" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:114.5px;">Additionally,<div style="display:inline-block;width:6.24px"> </div>based<div style="display:inline-block;width:6.13px"> </div>on<div style="display:inline-block;width:6.08px"> </div>individual<div style="display:inline-block;width:5.86px"> </div>counterparty-specific<div style="display:inline-block;width:5.9px"> </div>indicators,<div style="display:inline-block;width:6.19px"> </div>external<div style="display:inline-block;width:6.44px"> </div>market<div style="display:inline-block;width:5.69px"> </div>indicators<div style="display:inline-block;width:6.09px"> </div>of<div style="display:inline-block;width:5.72px"> </div>credit<div style="display:inline-block;width:5.98px"> </div>risk<div style="display:inline-block;width:5.94px"> </div>or<div style="display:inline-block;width:5.72px"> </div>general </div><div id="a86251" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:129.6px;">economic conditions, counterparties may be<div style="display:inline-block;width:5.06px"> </div>moved to a watch list, which is used as a secondary qualitative indicator for </div><div id="a86253" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:145.2px;">an<div style="display:inline-block;width:6.35px"> </div>SICR.<div style="display:inline-block;width:6.03px"> </div>Exception<div style="display:inline-block;width:6.09px"> </div>management<div style="display:inline-block;width:6.29px"> </div>is<div style="display:inline-block;width:6.09px"> </div>further<div style="display:inline-block;width:5.94px"> </div>applied,<div style="display:inline-block;width:6.65px"> </div>allowing<div style="display:inline-block;width:6.07px"> </div>for<div style="display:inline-block;width:6.04px"> </div>individual<div style="display:inline-block;width:5.86px"> </div>and<div style="display:inline-block;width:6.08px"> </div>collective<div style="display:inline-block;width:5.75px"> </div>adjustments<div style="display:inline-block;width:6.29px"> </div>on<div style="display:inline-block;width:6.55px"> </div>exposures </div><div id="a86254" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:160.4px;">sharing the same credit risk character<div style="display:inline-block;width:1.36px"> </div>istics to take account of specific situations<div style="display:inline-block;width:5.5px"> </div>that are not otherwise fully reflected.<div style="display:inline-block;width:5.81px"> </div></div><div id="a86257" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:183.5px;">In general, the overall SICR determination process does not apply to Lombard loans, securities financing transactions and </div><div id="a86258" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:198.7px;">certain<div style="display:inline-block;width:6.21px"> </div>other<div style="display:inline-block;width:6.25px"> </div>asset-based<div style="display:inline-block;width:6.93px"> </div>lending<div style="display:inline-block;width:6.75px"> </div>transactions,<div style="display:inline-block;width:7.23px"> </div>because<div style="display:inline-block;width:6.4px"> </div>of<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:6.67px"> </div>risk<div style="display:inline-block;width:6.41px"> </div>management<div style="display:inline-block;width:6.77px"> </div>practices<div style="display:inline-block;width:6.06px"> </div>adopted,<div style="display:inline-block;width:6.91px"> </div>including<div style="display:inline-block;width:6.64px"> </div>daily </div><div id="a86263" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:213.8px;">monitoring<div style="display:inline-block;width:5.07px"> </div>processes<div style="display:inline-block;width:5.16px"> </div>with strict<div style="display:inline-block;width:5.11px"> </div>margining.<div style="display:inline-block;width:5.6px"> </div>If margin<div style="display:inline-block;width:5.52px"> </div>calls are<div style="display:inline-block;width:5.5px"> </div>not satisfied,<div style="display:inline-block;width:6.39px"> </div>a position<div style="display:inline-block;width:6.28px"> </div>is closed<div style="display:inline-block;width:5.4px"> </div>out and<div style="display:inline-block;width:5.96px"> </div>classified as<div style="display:inline-block;width:5.46px"> </div>a </div><div id="a86264" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:229px;">stage 3 position. In exceptional cases, an individual adjustment<div style="display:inline-block;width:5.21px"> </div>and a transfer into stage 2 may be made to take account </div><div id="a86272" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:244.6px;">of specific facts.</div></div></div></div><div id="TextBlockContainer198" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:880px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_186_XBRL_TS_2231ad57a63f45b4a0b1c6c6f09bba71" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer187" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:90px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a86310" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Credit risk<div style="display:inline-block;width:5.31px"> </div>officers are<div style="display:inline-block;width:6.06px"> </div>responsible<div style="display:inline-block;width:5.51px"> </div>for the<div style="display:inline-block;width:5.25px"> </div>identification<div style="display:inline-block;width:5.05px"> </div>of an<div style="display:inline-block;width:5.08px"> </div>SICR,<div style="display:inline-block;width:4.68px"> </div>which for<div style="display:inline-block;width:5.43px"> </div>accounting<div style="display:inline-block;width:5.55px"> </div>purposes is<div style="display:inline-block;width:5.53px"> </div>in some<div style="display:inline-block;width:5.16px"> </div>respects </div><div id="a86319" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">different<div style="display:inline-block;width:8.2px"> </div>from<div style="display:inline-block;width:8.02px"> </div>internal<div style="display:inline-block;width:7.69px"> </div>credit<div style="display:inline-block;width:7.87px"> </div>risk<div style="display:inline-block;width:7.83px"> </div>management<div style="display:inline-block;width:8.19px"> </div>processes</div><div id="a86320" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:350.352px;top:15.6px;">.<div style="display:inline-block;width:7.67px"> </div>This<div style="display:inline-block;width:7.71px"> </div>difference</div><div id="a86321" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:448.778px;top:15.6px;"> </div><div id="a86322" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:456.338px;top:15.6px;">mainly </div><div id="a86323" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:501.298px;top:15.6px;">arises </div><div id="a86324" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:539.605px;top:15.6px;">because<div style="display:inline-block;width:8.29px"> </div>ECL<div style="display:inline-block;width:7.52px"> </div>accounting </div><div id="a86325" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">requirements are instrument-specific, such that a borrower can have multiple<div style="display:inline-block;width:1.8px"> </div>exposures allocated to different stages, and </div><div id="a86329" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.4px;">maturing loans in stage 2<div style="display:inline-block;width:5.08px"> </div>will migrate to stage 1 upon renewal irrespective of the actual<div style="display:inline-block;width:5.49px"> </div>credit risk at that time. Under a </div><div id="a86336" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">risk-based<div style="display:inline-block;width:6.27px"> </div>approach,<div style="display:inline-block;width:6.94px"> </div>a<div style="display:inline-block;width:6.15px"> </div>holistic<div style="display:inline-block;width:5.93px"> </div>counterparty<div style="display:inline-block;width:6.41px"> </div>credit<div style="display:inline-block;width:6.45px"> </div>assessment<div style="display:inline-block;width:6.24px"> </div>and<div style="display:inline-block;width:6.55px"> </div>the<div style="display:inline-block;width:6.2px"> </div>absolute<div style="display:inline-block;width:6.55px"> </div>level<div style="display:inline-block;width:5.74px"> </div>of<div style="display:inline-block;width:6.2px"> </div>risk<div style="display:inline-block;width:5.94px"> </div>at<div style="display:inline-block;width:5.99px"> </div>any<div style="display:inline-block;width:6.15px"> </div>given<div style="display:inline-block;width:6.25px"> </div>date<div style="display:inline-block;width:6.54px"> </div>will </div><div id="a86340" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;">determine what risk-mitigating actions<div style="display:inline-block;width:5.04px"> </div>may be warranted.</div></div></div><div id="a86340_56_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:335.658px;top:76.6px;"> </div><div id="a86344" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:88.8px;">›</div><div id="a86345" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:89px;"> </div><div id="a86346" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:93.7px;">Refer to the “Risk<div style="display:inline-block;width:1.45px"> </div>management and<div style="display:inline-block;width:1.21px"> </div>control” section of<div style="display:inline-block;width:1.69px"> </div>this report for more<div style="display:inline-block;width:1.5px"> </div>information </div><div id="a86357" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:106.9px;"> </div><div id="div_188_XBRL_TS_1265ab76e66a423880629db6c6c953d6" style="position:absolute;left:8.793px;top:126.7px;float:left;"><div id="TextBlockContainer189" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:219px;height:10px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a86358" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Critical accounting estimates and judgments</div></div></div><div id="div_190_XBRL_TS_cb69aaf8b8f346eeaec1bc867661a8fa" style="position:absolute;left:8.793px;top:148.7px;float:left;"><div id="TextBlockContainer191" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:674px;height:317px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a86360" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:0px;">The calculation of ECL requires management to apply significant<div style="display:inline-block;width:4.15px"> </div>judgment and make estimates and assumptions that can result in significant changes to the </div><div id="a86362" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:13.2px;">timing and amount of ECL recognized.<div style="display:inline-block;width:4.25px"> </div></div><div id="a86365" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:3.679px;top:40px;">Determination of a significant<div style="display:inline-block;width:4.24px"> </div>increase in credit risk<div style="display:inline-block;width:3.12px"> </div></div><div id="a86367" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:53.5px;">IFRS<div style="display:inline-block;width:4.18px"> </div>9 does<div style="display:inline-block;width:5.42px"> </div>not include<div style="display:inline-block;width:5.02px"> </div>a definition<div style="display:inline-block;width:5.42px"> </div>of what<div style="display:inline-block;width:5.31px"> </div>constitutes an<div style="display:inline-block;width:5.27px"> </div>SICR,<div style="display:inline-block;width:4px"> </div>with UBS’s<div style="display:inline-block;width:5.34px"> </div>assessment<div style="display:inline-block;width:4.15px"> </div>considering<div style="display:inline-block;width:4.43px"> </div>qualitative and<div style="display:inline-block;width:5.27px"> </div>quantitative<div style="display:inline-block;width:4.25px"> </div>criteria. An<div style="display:inline-block;width:5.23px"> </div>IFRS 9 ECL </div><div id="a86382" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:66.7px;">Management Forum has<div style="display:inline-block;width:4.14px"> </div>been established to review and challenge the SICR<div style="display:inline-block;width:4.35px"> </div>results. </div><div id="a86389" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:3.679px;top:93px;">Scenarios, scenario weights and macroeconomic<div style="display:inline-block;width:4.9px"> </div>variables<div style="display:inline-block;width:2.4px"> </div></div><div id="a86393" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:106.9px;">ECL reflect<div style="display:inline-block;width:2.75px"> </div>an unbiased and probability-weighted amount, which UBS determines by evaluating a range of possible outcomes. Management selects forward-</div><div id="a86402" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:120.2px;">looking<div style="display:inline-block;width:4.94px"> </div>scenarios<div style="display:inline-block;width:4.46px"> </div>that<div style="display:inline-block;width:4.66px"> </div>include<div style="display:inline-block;width:5.11px"> </div>relevant<div style="display:inline-block;width:4.84px"> </div>macroeconomic<div style="display:inline-block;width:4.85px"> </div>variables<div style="display:inline-block;width:4.73px"> </div>and<div style="display:inline-block;width:4.8px"> </div>management’s<div style="display:inline-block;width:4.72px"> </div>assumptions<div style="display:inline-block;width:4.78px"> </div>around<div style="display:inline-block;width:4.81px"> </div>future<div style="display:inline-block;width:4.51px"> </div>economic<div style="display:inline-block;width:4.57px"> </div>conditions.<div style="display:inline-block;width:5.4px"> </div>IFRS<div style="display:inline-block;width:4.65px"> </div>9<div style="display:inline-block;width:4.41px"> </div>Scenario </div><div id="a86410" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:133.4px;">Sounding Sessions,<div style="display:inline-block;width:4.11px"> </div>in addition to<div style="display:inline-block;width:4.62px"> </div>the IFRS 9 ECL Management<div style="display:inline-block;width:5.02px"> </div>Forum, are in place<div style="display:inline-block;width:4.82px"> </div>to derive,<div style="display:inline-block;width:3.81px"> </div>review and challenge<div style="display:inline-block;width:4.42px"> </div>the scenario selection<div style="display:inline-block;width:4.1px"> </div>and weights, and </div><div id="a86425" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:146.7px;">to determine whether any additional<div style="display:inline-block;width:4.3px"> </div>post-model adjustments are<div style="display:inline-block;width:4.22px"> </div>required that may significantly affect ECL.<div style="display:inline-block;width:3.86px"> </div></div><div id="a86432" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:3.679px;top:173.4px;">ECL measurement period </div><div id="a86434" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:186.9px;">Lifetime ECL are generally determined based upon the contractual maturity of the transaction, which significantly affects ECL.<div style="display:inline-block;width:4.2px"> </div>For credit card limits and Swiss </div><div id="a86439" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:200.1px;">callable master credit facilities, judgment<div style="display:inline-block;width:4.44px"> </div>is required,<div style="display:inline-block;width:3.27px"> </div>as UBS must determine the period over which it is exposed<div style="display:inline-block;width:4.29px"> </div>to credit risk. A seven-year period is applied </div><div id="a86448" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:213.4px;">for credit card limits, capped<div style="display:inline-block;width:4.38px"> </div>at 12 months for stage 1 positions, and<div style="display:inline-block;width:4.1px"> </div>a 12-month period applied for master credit<div style="display:inline-block;width:4.27px"> </div>facilities.<div style="display:inline-block;width:2.98px"> </div></div><div id="a86455" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:3.679px;top:239.7px;">Modeling and post-model adjustments </div><div id="a86460" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:253.6px;">A number of<div style="display:inline-block;width:4.58px"> </div>complex models have been<div style="display:inline-block;width:4.87px"> </div>developed or modified<div style="display:inline-block;width:4.3px"> </div>to calculate ECL,<div style="display:inline-block;width:4.19px"> </div>with additional post<div style="display:inline-block;width:1.41px"> </div>-model adjustments required<div style="display:inline-block;width:5.13px"> </div>which may significantly </div><div id="a86464" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:266.8px;">affect ECL. The models are governed<div style="display:inline-block;width:4.42px"> </div>by UBS’s model validation controls and approved<div style="display:inline-block;width:4.31px"> </div>by the GMGC. The post-model adjustm<div style="display:inline-block;width:1.49px"> </div>ents are approved by the ECL </div><div id="a86473" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:280.1px;">Management Forum and endorsed<div style="display:inline-block;width:4.44px"> </div>by the GMGC. </div><div id="a86477" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:306.6px;">A sensitivity analysis covering<div style="display:inline-block;width:4.18px"> </div>key macroeconomic variables, scenario<div style="display:inline-block;width:4.2px"> </div>weights and SICR trigger points on ECL measurement<div style="display:inline-block;width:4.45px"> </div>is provided in Note 19f.</div></div></div><div id="a86477_145_2" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;left:638.978px;top:455.3px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a86488" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:464.4px;">›</div><div id="a86489" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:464.7px;"> </div><div id="a86490" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:469.3px;">Refer to Note 19<div style="display:inline-block;width:1.6px"> </div>for more information </div><div id="div_192_XBRL_TS_7207086f175a492c9aad982af7a2b3f4" style="position:absolute;left:0px;top:494.4px;float:left;"><div id="TextBlockContainer193" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:60px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a86499" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">h. Restructured and<div style="display:inline-block;width:5.05px"> </div>modified financial assets </div><div id="a86505" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">When payment default<div style="display:inline-block;width:5.5px"> </div>is expected,<div style="display:inline-block;width:5.33px"> </div>or where<div style="display:inline-block;width:5.27px"> </div>default has<div style="display:inline-block;width:5.08px"> </div>already occurred,<div style="display:inline-block;width:5.05px"> </div>UBS may grant<div style="display:inline-block;width:5.51px"> </div>concessions to borrowers<div style="display:inline-block;width:5.97px"> </div>in </div><div id="a86509" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.3px;">financial difficulties<div style="display:inline-block;width:6.55px"> </div>that it<div style="display:inline-block;width:5.89px"> </div>would<div style="display:inline-block;width:5.43px"> </div>not consider<div style="display:inline-block;width:6.28px"> </div>in the<div style="display:inline-block;width:5.93px"> </div>normal course<div style="display:inline-block;width:5.87px"> </div>of its<div style="display:inline-block;width:5.62px"> </div>business,<div style="display:inline-block;width:5.48px"> </div>such<div style="display:inline-block;width:5.15px"> </div>as preferential<div style="display:inline-block;width:6.36px"> </div>interest<div style="display:inline-block;width:5.13px"> </div>rates, </div><div id="a86515" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">extension of maturity,<div style="display:inline-block;width:5.78px"> </div>modifying the schedule of repayments,<div style="display:inline-block;width:5.35px"> </div>debt / equity swap, subordination,<div style="display:inline-block;width:6.13px"> </div>etc.</div></div></div><div id="a86515_100_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:577.948px;top:540.3px;"><div style="display:inline-block;width:3.78px"> </div></div><div id="a86521" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:552px;">›</div><div id="a86522" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:552.2px;"> </div><div id="a86523" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:556.8px;">Refer to the “Risk<div style="display:inline-block;width:1.45px"> </div>management and<div style="display:inline-block;width:1.21px"> </div>control” section of<div style="display:inline-block;width:1.65px"> </div>this report for more<div style="display:inline-block;width:1.54px"> </div>information </div><div id="div_194_XBRL_TS_7407ba6896e24e53810dd42262b8ef7d" style="position:absolute;left:0px;top:577.7px;float:left;"><div id="TextBlockContainer195" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:90px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a86532" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Modifications result in an alteration of future contractual cash flows<div style="display:inline-block;width:5.04px"> </div>and can occur within UBS’s<div style="display:inline-block;width:5.11px"> </div>normal risk tolerance or </div><div id="a86534" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">as part<div style="display:inline-block;width:5.72px"> </div>of a<div style="display:inline-block;width:6.3px"> </div>credit<div style="display:inline-block;width:5.1px"> </div>restructuring<div style="display:inline-block;width:5.29px"> </div>where<div style="display:inline-block;width:5.12px"> </div>a counterparty<div style="display:inline-block;width:6.52px"> </div>is in<div style="display:inline-block;width:6.3px"> </div>financial difficulties.<div style="display:inline-block;width:6.65px"> </div>The restructuring<div style="display:inline-block;width:6.48px"> </div>or modification<div style="display:inline-block;width:6.61px"> </div>of a </div><div id="a86538" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.7px;">financial asset<div style="display:inline-block;width:6.41px"> </div>could<div style="display:inline-block;width:5.5px"> </div>lead<div style="display:inline-block;width:5.3px"> </div>to<div style="display:inline-block;width:5.25px"> </div>a<div style="display:inline-block;width:5.2px"> </div>substantial<div style="display:inline-block;width:5.05px"> </div>change<div style="display:inline-block;width:5.61px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the terms<div style="display:inline-block;width:5.89px"> </div>and<div style="display:inline-block;width:5.61px"> </div>conditions,<div style="display:inline-block;width:5.33px"> </div>resulting<div style="display:inline-block;width:5.11px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the<div style="display:inline-block;width:5.25px"> </div>original<div style="display:inline-block;width:5.34px"> </div>financial asset </div><div id="a86540" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.9px;">being<div style="display:inline-block;width:8.54px"> </div>derecognized<div style="display:inline-block;width:8.15px"> </div>and<div style="display:inline-block;width:8.44px"> </div>a<div style="display:inline-block;width:7.57px"> </div>new<div style="display:inline-block;width:8.35px"> </div>financial<div style="display:inline-block;width:7.78px"> </div>asset<div style="display:inline-block;width:7.98px"> </div>being<div style="display:inline-block;width:8.54px"> </div>recognized.<div style="display:inline-block;width:8.06px"> </div>Where<div style="display:inline-block;width:8.13px"> </div>the<div style="display:inline-block;width:7.62px"> </div>modification<div style="display:inline-block;width:8.35px"> </div>does<div style="display:inline-block;width:8.49px"> </div>not<div style="display:inline-block;width:7.82px"> </div>result<div style="display:inline-block;width:8.12px"> </div>in<div style="display:inline-block;width:7.66px"> </div>a </div><div id="a86541" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">derecognition, any difference between the modified contractual<div style="display:inline-block;width:1.72px"> </div>cash flows discounted at the original EIR and<div style="display:inline-block;width:2.24px"> </div>the existing </div><div id="a86543" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;">gross carrying amount of the given financial<div style="display:inline-block;width:5.29px"> </div>asset is recognized in the income statement<div style="display:inline-block;width:5.83px"> </div>as a modification gain or loss.</div></div></div><div id="a86543_120_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:679.268px;top:654.3px;"><div style="display:inline-block;width:3.72px"> </div></div><div id="div_196_XBRL_TS_043d239d43f14534ac570fd18714bf7f" style="position:absolute;left:0px;top:677px;float:left;"><div id="TextBlockContainer197" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:190px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a86545" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">i. Offsetting </div><div id="a86548" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">UBS<div style="display:inline-block;width:5.12px"> </div>presents<div style="display:inline-block;width:5.19px"> </div>financial assets<div style="display:inline-block;width:5.51px"> </div>and liabilities<div style="display:inline-block;width:5.18px"> </div>on<div style="display:inline-block;width:5.13px"> </div>its balance<div style="display:inline-block;width:5.2px"> </div>sheet net<div style="display:inline-block;width:6.13px"> </div>if (i) it has<div style="display:inline-block;width:6.33px"> </div>a legally enforceable<div style="display:inline-block;width:6.27px"> </div>right to<div style="display:inline-block;width:5.92px"> </div>set off<div style="display:inline-block;width:5.85px"> </div>the </div><div id="a86562" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.7px;">recognized<div style="display:inline-block;width:6.53px"> </div>amounts<div style="display:inline-block;width:6.5px"> </div>and<div style="display:inline-block;width:6.55px"> </div>(ii) it<div style="display:inline-block;width:6.12px"> </div>intends<div style="display:inline-block;width:6.55px"> </div>either<div style="display:inline-block;width:6.41px"> </div>to<div style="display:inline-block;width:6.2px"> </div>settle<div style="display:inline-block;width:5.79px"> </div>on<div style="display:inline-block;width:6.55px"> </div>a<div style="display:inline-block;width:6.15px"> </div>net<div style="display:inline-block;width:6.2px"> </div>basis<div style="display:inline-block;width:6.34px"> </div>or<div style="display:inline-block;width:6.2px"> </div>to<div style="display:inline-block;width:6.2px"> </div>realize<div style="display:inline-block;width:7.24px"> </div>the<div style="display:inline-block;width:6.2px"> </div>asset<div style="display:inline-block;width:6.09px"> </div>and<div style="display:inline-block;width:6.55px"> </div>settle<div style="display:inline-block;width:6.26px"> </div>the<div style="display:inline-block;width:6.2px"> </div>liability </div><div id="a86566" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">simultaneously.<div style="display:inline-block;width:8.5px"> </div>Netted<div style="display:inline-block;width:7.68px"> </div>positions<div style="display:inline-block;width:7.64px"> </div>include,<div style="display:inline-block;width:7.87px"> </div>for<div style="display:inline-block;width:6.99px"> </div>example,<div style="display:inline-block;width:7.89px"> </div>certain<div style="display:inline-block;width:7.16px"> </div>derivatives<div style="display:inline-block;width:7.84px"> </div>and<div style="display:inline-block;width:7.5px"> </div>repurchase<div style="display:inline-block;width:8.19px"> </div>and<div style="display:inline-block;width:7.5px"> </div>reverse<div style="display:inline-block;width:7.82px"> </div>repurchase </div><div id="a86568" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61.5px;">transactions with various counterparties,<div style="display:inline-block;width:5.06px"> </div>exchanges and<div style="display:inline-block;width:5.02px"> </div>clearing houses. </div><div id="a86570" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:84.2px;">In<div style="display:inline-block;width:7.19px"> </div>assessing<div style="display:inline-block;width:7.59px"> </div>whether<div style="display:inline-block;width:7.3px"> </div>UBS<div style="display:inline-block;width:7.45px"> </div>intends<div style="display:inline-block;width:7.49px"> </div>to<div style="display:inline-block;width:7.14px"> </div>either<div style="display:inline-block;width:7.36px"> </div>settle<div style="display:inline-block;width:7.68px"> </div>on<div style="display:inline-block;width:7.5px"> </div>a<div style="display:inline-block;width:7.09px"> </div>net<div style="display:inline-block;width:7.14px"> </div>basis,<div style="display:inline-block;width:7.61px"> </div>or<div style="display:inline-block;width:7.62px"> </div>to<div style="display:inline-block;width:7.14px"> </div>realize<div style="display:inline-block;width:7.71px"> </div>the<div style="display:inline-block;width:7.14px"> </div>asset<div style="display:inline-block;width:7.64px"> </div>and<div style="display:inline-block;width:7.5px"> </div>settle<div style="display:inline-block;width:7.2px"> </div>the<div style="display:inline-block;width:7.14px"> </div>liability </div><div id="a86573" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.3px;">simultaneously, emphasis<div style="display:inline-block;width:5.54px"> </div>is placed on<div style="display:inline-block;width:5.38px"> </div>the effectiveness of<div style="display:inline-block;width:5.08px"> </div>operational settlement mechanics<div style="display:inline-block;width:5.82px"> </div>in eliminating substantially </div><div id="a86577" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:114.5px;">all credit and liquidity exposure between<div style="display:inline-block;width:5.06px"> </div>the counterparties. This condition precludes offsetting<div style="display:inline-block;width:5.13px"> </div>on the balance sheet<div style="display:inline-block;width:5.13px"> </div>for </div><div id="a86579" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:130.1px;">substantial<div style="display:inline-block;width:5.39px"> </div>amounts<div style="display:inline-block;width:5.55px"> </div>of<div style="display:inline-block;width:5.25px"> </div>UBS’s<div style="display:inline-block;width:5.71px"> </div>financial assets<div style="display:inline-block;width:6.45px"> </div>and<div style="display:inline-block;width:5.61px"> </div>liabilities,<div style="display:inline-block;width:5.72px"> </div>even<div style="display:inline-block;width:5.2px"> </div>though<div style="display:inline-block;width:6.06px"> </div>they<div style="display:inline-block;width:5.05px"> </div>may<div style="display:inline-block;width:5.32px"> </div>be<div style="display:inline-block;width:5.4px"> </div>subject<div style="display:inline-block;width:5.2px"> </div>to<div style="display:inline-block;width:5.25px"> </div>enforceable<div style="display:inline-block;width:5.43px"> </div>netting </div><div id="a86580" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:145.2px;">arrangements. Repurchase<div style="display:inline-block;width:5.79px"> </div>arrangements and<div style="display:inline-block;width:5.28px"> </div>securities financing transactions<div style="display:inline-block;width:5.4px"> </div>are presented<div style="display:inline-block;width:5.03px"> </div>net only to<div style="display:inline-block;width:5.19px"> </div>the extent that </div><div id="a86587" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.9px;">the settlement<div style="display:inline-block;width:6.34px"> </div>mechanism eliminates,<div style="display:inline-block;width:6.3px"> </div>or results<div style="display:inline-block;width:5.96px"> </div>in insignificant,<div style="display:inline-block;width:6.86px"> </div>credit and<div style="display:inline-block;width:6.01px"> </div>liquidity<div style="display:inline-block;width:5.04px"> </div>risk, and<div style="display:inline-block;width:6.08px"> </div>processes<div style="display:inline-block;width:5.16px"> </div>the receivables </div><div id="a86589" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:176px;">and payables in a single<div style="display:inline-block;width:5.09px"> </div>settlement process or cycle.</div></div></div><div id="a86589_53_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:299.712px;top:853px;"> </div><div id="a86591" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:864.7px;">›</div><div id="a86592" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:864.9px;"> </div><div id="a86593" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:869.5px;">Refer to Note 21</div><div id="a86596" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#006600;left:114.205px;top:869.5px;"> </div><div id="a86597" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:117.045px;top:869.5px;">for more information</div></div><div id="TextBlockContainer204" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:900px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_200_XBRL_TS_bc9aca3f29404d61894270a81ae6e06b" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer201" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:656px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a86640_1_19" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:7.743px;top:0px;">. Hedge accounting </div><div id="a86643" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.6px;">The<div style="display:inline-block;width:8.24px"> </div>Group<div style="display:inline-block;width:8.63px"> </div>applies<div style="display:inline-block;width:8.28px"> </div>hedge<div style="display:inline-block;width:8.65px"> </div>accounting<div style="display:inline-block;width:8.39px"> </div>requirements<div style="display:inline-block;width:8.46px"> </div>of<div style="display:inline-block;width:8.09px"> </div>IFRS 9<div style="display:inline-block;width:8.46px"> </div>where<div style="display:inline-block;width:8.43px"> </div>the<div style="display:inline-block;width:8.09px"> </div>criteria<div style="display:inline-block;width:8.59px"> </div>for<div style="display:inline-block;width:7.94px"> </div>documentation<div style="display:inline-block;width:8.49px"> </div>and<div style="display:inline-block;width:8.44px"> </div>hedge </div><div id="a86646" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.8px;">effectiveness<div style="display:inline-block;width:5.25px"> </div>are<div style="display:inline-block;width:5.29px"> </div>met. If<div style="display:inline-block;width:5.79px"> </div>a hedge<div style="display:inline-block;width:6.39px"> </div>relationship<div style="display:inline-block;width:5.68px"> </div>no<div style="display:inline-block;width:5.13px"> </div>longer<div style="display:inline-block;width:5.08px"> </div>meets the<div style="display:inline-block;width:5.57px"> </div>criteria for<div style="display:inline-block;width:6.22px"> </div>hedge<div style="display:inline-block;width:5.34px"> </div>accounting,<div style="display:inline-block;width:5.18px"> </div>hedge<div style="display:inline-block;width:5.69px"> </div>accounting<div style="display:inline-block;width:5.08px"> </div>is </div><div id="a86648" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:46.4px;">discontinued. Voluntary<div style="display:inline-block;width:5.46px"> </div>discontinuation of hedge<div style="display:inline-block;width:5.38px"> </div>accounting is not permitted under IFRS 9. </div><div id="a86657" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:68.8px;">Fair value hedges of interest rate risk<div style="display:inline-block;width:5.14px"> </div>related to debt instruments and<div style="display:inline-block;width:5.15px"> </div>loan assets </div><div id="a86659" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:84.2px;">The<div style="display:inline-block;width:5.4px"> </div>fair value<div style="display:inline-block;width:6.21px"> </div>change<div style="display:inline-block;width:5.61px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>hedged<div style="display:inline-block;width:6.01px"> </div>item attributable<div style="display:inline-block;width:6.57px"> </div>to<div style="display:inline-block;width:5.25px"> </div>a<div style="display:inline-block;width:5.2px"> </div>hedged<div style="display:inline-block;width:6.26px"> </div>risk is<div style="display:inline-block;width:6.46px"> </div>reflected<div style="display:inline-block;width:5.35px"> </div>as<div style="display:inline-block;width:5.25px"> </div>an<div style="display:inline-block;width:5.4px"> </div>adjustment<div style="display:inline-block;width:5.29px"> </div>to<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>carrying </div><div id="a86662" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.3px;">amount<div style="display:inline-block;width:5.5px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>hedged<div style="display:inline-block;width:5.54px"> </div>item and<div style="display:inline-block;width:6.72px"> </div>recognized<div style="display:inline-block;width:5.59px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the<div style="display:inline-block;width:5.25px"> </div>income<div style="display:inline-block;width:5.15px"> </div>statement<div style="display:inline-block;width:5.31px"> </div>along<div style="display:inline-block;width:5.7px"> </div>with<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>change<div style="display:inline-block;width:5.61px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the<div style="display:inline-block;width:5.25px"> </div>fair value<div style="display:inline-block;width:6.21px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the </div><div id="a86663" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:115px;">hedging instrument. </div><div id="a86665" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:137.4px;">Fair value hedges of FX risk related to<div style="display:inline-block;width:5.07px"> </div>debt instruments </div><div id="a86670" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:152.8px;">The fair value change of the<div style="display:inline-block;width:5.02px"> </div>hedged item attributable to the<div style="display:inline-block;width:5.12px"> </div>hedged risk is reflected<div style="display:inline-block;width:5.29px"> </div>in the measurement of the hedged </div><div id="a86678" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:168.4px;">item and<div style="display:inline-block;width:5.77px"> </div>recognized<div style="display:inline-block;width:5.12px"> </div>in the<div style="display:inline-block;width:5.93px"> </div>income statement<div style="display:inline-block;width:5.84px"> </div>along<div style="display:inline-block;width:5.23px"> </div>with the<div style="display:inline-block;width:5.88px"> </div>change<div style="display:inline-block;width:5.13px"> </div>in the<div style="display:inline-block;width:5.45px"> </div>fair value<div style="display:inline-block;width:5.74px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>hedging instrument.<div style="display:inline-block;width:5.78px"> </div>The </div><div id="a86679" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183.6px;">foreign currency basis spread of cross-currency swaps designated as hedging derivatives is excluded from<div style="display:inline-block;width:2.24px"> </div>the designation </div><div id="a86685" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:198.7px;">and<div style="display:inline-block;width:5.61px"> </div>accounted<div style="display:inline-block;width:5.45px"> </div>for<div style="display:inline-block;width:5.1px"> </div>as a<div style="display:inline-block;width:6.3px"> </div>cost of<div style="display:inline-block;width:6.2px"> </div>hedging<div style="display:inline-block;width:5.16px"> </div>with<div style="display:inline-block;width:5.25px"> </div>amounts<div style="display:inline-block;width:5.08px"> </div>deferred<div style="display:inline-block;width:5.39px"> </div>in </div><div id="a86686" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:395.312px;top:198.5px;">Other comprehensive<div style="display:inline-block;width:6.56px"> </div>income</div><div id="a86687" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:563.752px;top:198.7px;"><div style="display:inline-block;width:5.2px"> </div>within </div><div id="a86689" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:609.658px;top:198.5px;">Equity</div><div id="a86690" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:644.178px;top:198.7px;">.<div style="display:inline-block;width:5.31px"> </div>These </div><div id="a86691" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:214.3px;">amounts are released to the<div style="display:inline-block;width:5.03px"> </div>income statement over the term<div style="display:inline-block;width:5.11px"> </div>of<div style="display:inline-block;width:3.99px"> </div>the hedged item. </div><div id="a86697" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:236.8px;">Discontinuation of fair value hedges </div><div id="a86699" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:252.1px;">Discontinuations for reasons other<div style="display:inline-block;width:2.01px"> </div>than derecognition of the<div style="display:inline-block;width:1.87px"> </div>hedged item result in<div style="display:inline-block;width:1.83px"> </div>an adjustment to the<div style="display:inline-block;width:1.65px"> </div>carrying amount, </div><div id="a86700" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:267.8px;">which<div style="display:inline-block;width:5.88px"> </div>is<div style="display:inline-block;width:5.62px"> </div>amortized<div style="display:inline-block;width:5.31px"> </div>to<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>income<div style="display:inline-block;width:5.62px"> </div>statement<div style="display:inline-block;width:5.31px"> </div>over<div style="display:inline-block;width:5.52px"> </div>the<div style="display:inline-block;width:5.72px"> </div>remaining<div style="display:inline-block;width:6.48px"> </div>life<div style="display:inline-block;width:5.31px"> </div>of<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>hedged<div style="display:inline-block;width:5.82px"> </div>item<div style="display:inline-block;width:5.26px"> </div>using<div style="display:inline-block;width:6.23px"> </div>the<div style="display:inline-block;width:5.25px"> </div>effective<div style="display:inline-block;width:5.42px"> </div>interest </div><div id="a86702" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:282.9px;">method. If the hedged item is derecognized,<div style="display:inline-block;width:5.16px"> </div>the unamortized fair value adjustment or deferred<div style="display:inline-block;width:5.25px"> </div>cost of hedging amount </div><div id="a86703" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:298.1px;">is recognized immediately in the income<div style="display:inline-block;width:5.37px"> </div>statement as part of any derecognition<div style="display:inline-block;width:5.62px"> </div>gain or loss. </div><div id="a86705" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:321px;">Cash flow hedges of<div style="display:inline-block;width:5.08px"> </div>forecast transactions </div><div id="a86708" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:336.4px;">Fair value gains or losses associated<div style="display:inline-block;width:2.06px"> </div>with the effective portion of derivatives designated as cash flow<div style="display:inline-block;width:2.26px"> </div>hedges for cash flow </div><div id="a86709" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:351.5px;">repricing<div style="display:inline-block;width:5.8px"> </div>risk are<div style="display:inline-block;width:6.6px"> </div>recognized<div style="display:inline-block;width:5.59px"> </div>initially in </div><div id="a86710" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:232.978px;top:351.3px;">Other comprehensive<div style="display:inline-block;width:7.03px"> </div>income </div><div id="a86711" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:407.125px;top:351.5px;">within </div><div id="a86712" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:447.832px;top:351.3px;">Equity</div><div id="a86713" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:482.352px;top:351.5px;"><div style="display:inline-block;width:5.2px"> </div>and<div style="display:inline-block;width:5.61px"> </div>reclassified to </div><div id="a86716" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:597.325px;top:351.3px;">Interest income </div><div id="a86717" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:366.9px;">from financial<div style="display:inline-block;width:5.26px"> </div>instruments measured<div style="display:inline-block;width:5.91px"> </div>at amortized<div style="display:inline-block;width:5.74px"> </div>cost and<div style="display:inline-block;width:5.13px"> </div>fair value<div style="display:inline-block;width:5.26px"> </div>through other<div style="display:inline-block;width:6.11px"> </div>comprehensive income</div><div id="a86718" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:622.898px;top:367.1px;"><div style="display:inline-block;width:4.25px"> </div>or </div><div id="a86720" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:643.232px;top:366.9px;">Interest </div><div id="a86721" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:382px;">expense<div style="display:inline-block;width:5.45px"> </div>from financial<div style="display:inline-block;width:6.68px"> </div>instruments<div style="display:inline-block;width:5.66px"> </div>measured<div style="display:inline-block;width:5.35px"> </div>at<div style="display:inline-block;width:5.05px"> </div>amortized<div style="display:inline-block;width:5.79px"> </div>cost</div><div id="a86722" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:374.472px;top:382.3px;"><div style="display:inline-block;width:5.2px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the<div style="display:inline-block;width:5.25px"> </div>periods<div style="display:inline-block;width:5.6px"> </div>when<div style="display:inline-block;width:5.71px"> </div>the<div style="display:inline-block;width:5.25px"> </div>hedged<div style="display:inline-block;width:5.54px"> </div>forecast<div style="display:inline-block;width:5.03px"> </div>cash<div style="display:inline-block;width:5.25px"> </div>flows </div><div id="a86724" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:397.4px;">affect profit<div style="display:inline-block;width:5.47px"> </div>or loss,<div style="display:inline-block;width:5.18px"> </div>including<div style="display:inline-block;width:5.23px"> </div>discontinued<div style="display:inline-block;width:5.08px"> </div>hedges for which<div style="display:inline-block;width:5.73px"> </div>forecast<div style="display:inline-block;width:5.03px"> </div>cash flows are<div style="display:inline-block;width:6.12px"> </div>expected to<div style="display:inline-block;width:5.2px"> </div>occur.<div style="display:inline-block;width:5.42px"> </div>If the<div style="display:inline-block;width:5.57px"> </div>forecast </div><div id="a86730" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:413px;">transactions<div style="display:inline-block;width:5.61px"> </div>are<div style="display:inline-block;width:5.29px"> </div>no<div style="display:inline-block;width:5.61px"> </div>longer<div style="display:inline-block;width:5.08px"> </div>expected<div style="display:inline-block;width:5.05px"> </div>to<div style="display:inline-block;width:5.25px"> </div>occur,<div style="display:inline-block;width:6.37px"> </div>the<div style="display:inline-block;width:5.25px"> </div>deferred<div style="display:inline-block;width:5.39px"> </div>gains<div style="display:inline-block;width:5.55px"> </div>or<div style="display:inline-block;width:5.02px"> </div>losses<div style="display:inline-block;width:5.45px"> </div>are<div style="display:inline-block;width:5.29px"> </div>immediately reclassified<div style="display:inline-block;width:6.68px"> </div>to<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>income </div><div id="a86734" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:428.2px;">statement. </div><div id="a86737" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:451.1px;">Hedges of net investments in foreign<div style="display:inline-block;width:5.14px"> </div>operations </div><div id="a86743" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:466.5px;">Gains or losses<div style="display:inline-block;width:5.75px"> </div>on the<div style="display:inline-block;width:5.29px"> </div>hedging<div style="display:inline-block;width:5.16px"> </div>instrument relating<div style="display:inline-block;width:5.37px"> </div>to the effective<div style="display:inline-block;width:6.2px"> </div>portion of<div style="display:inline-block;width:5.28px"> </div>a hedge<div style="display:inline-block;width:5.44px"> </div>are recognized<div style="display:inline-block;width:5.78px"> </div>directly in </div><div id="a86744" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:652.698px;top:466.2px;">Other </div><div id="a86745" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:481.4px;">comprehensive income</div><div id="a86746" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:135.045px;top:481.6px;"><div style="display:inline-block;width:4.27px"> </div>within </div><div id="a86748" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:179.032px;top:481.4px;">Equity, </div><div id="a86749" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:221.618px;top:481.6px;">while any gains<div style="display:inline-block;width:5.42px"> </div>or losses<div style="display:inline-block;width:5.13px"> </div>relating to the<div style="display:inline-block;width:5.16px"> </div>ineffective and<div style="display:inline-block;width:5.08px"> </div>/ or undesignated<div style="display:inline-block;width:5.34px"> </div>portion </div><div id="a86753" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:497.2px;">(for example,<div style="display:inline-block;width:2.32px"> </div>the interest element<div style="display:inline-block;width:2.34px"> </div>of a forward contract)<div style="display:inline-block;width:2.19px"> </div>are recognized in the income<div style="display:inline-block;width:1.93px"> </div>statement. Upon disposal or<div style="display:inline-block;width:1.83px"> </div>partial </div><div id="a86754" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:512.4px;">disposal of<div style="display:inline-block;width:5.38px"> </div>the foreign operation,<div style="display:inline-block;width:5.92px"> </div>the cumulative value of<div style="display:inline-block;width:5.47px"> </div>any such<div style="display:inline-block;width:5.08px"> </div>gains or losses<div style="display:inline-block;width:5.11px"> </div>recognized in </div><div id="a86755" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:559.498px;top:512.1px;">Equity</div><div id="a86756" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:594.018px;top:512.4px;"><div style="display:inline-block;width:4.25px"> </div>associated with </div><div id="a86759" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:527.5px;">the entity</div><div id="a86760" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:58.376px;top:527.3px;"> </div><div id="a86761" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:62.158px;top:527.5px;">is reclassified to </div><div id="a86762" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:155.378px;top:527.3px;">Other income</div><div id="a86763" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:232.978px;top:527.5px;">. </div><div id="a86765" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:550.4px;">Interest Rate Benchmark Reform<div style="display:inline-block;width:4.94px"> </div></div><div id="a86770" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:565.8px;">UBS continues<div style="display:inline-block;width:4.7px"> </div>hedge accounting during<div style="display:inline-block;width:5.5px"> </div>the period of uncertainty before existing<div style="display:inline-block;width:5.56px"> </div>interest rate benchmarks<div style="display:inline-block;width:5.18px"> </div>are replaced </div><div id="a86774" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:581px;">with alternative risk-free<div style="display:inline-block;width:5.61px"> </div>interest rates.<div style="display:inline-block;width:5.55px"> </div>During this<div style="display:inline-block;width:5.33px"> </div>period, UBS<div style="display:inline-block;width:5.17px"> </div>assumes that the<div style="display:inline-block;width:5.27px"> </div>current benchmark rates<div style="display:inline-block;width:5.71px"> </div>will continue </div><div id="a86780" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:596.6px;">to exist, such that forecast<div style="display:inline-block;width:5.9px"> </div>transactions are considered<div style="display:inline-block;width:5.6px"> </div>highly probable and<div style="display:inline-block;width:5.38px"> </div>hedge relationships<div style="display:inline-block;width:5.49px"> </div>remain, with little<div style="display:inline-block;width:5.26px"> </div>or no </div><div id="a86789" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:611.7px;">consequential impact on the<div style="display:inline-block;width:5.11px"> </div>financial statements. Upon<div style="display:inline-block;width:5.7px"> </div>replacement of existing<div style="display:inline-block;width:5.23px"> </div>interest rate benchmark<div style="display:inline-block;width:1.7px"> </div>s<div style="display:inline-block;width:3.86px"> </div>by alternative </div><div id="a86793" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:626.9px;">risk-free interest rates, UBS<div style="display:inline-block;width:1.94px"> </div>applies the requirements<div style="display:inline-block;width:2.19px"> </div>of </div><div id="a86802" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:314.378px;top:626.6px;">Amendments to IFRS 9,<div style="display:inline-block;width:2.9px"> </div>IAS 39, IFRS 7, IFRS 4<div style="display:inline-block;width:1.91px"> </div>and IFRS 16 (Interest </div><div id="a86820" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:642.2px;">Rate Benchmark Reform – Phase 2), </div><div id="a86825" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:211.685px;top:642.5px;">where applicable</div><div id="a86828" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:307.752px;top:642.2px;">.</div></div></div><div id="a86829" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:312.005px;top:642.5px;"> </div><div id="a86830" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:654.2px;">›</div><div id="a86831" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:654.4px;"> </div><div id="a86832" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:659px;">Refer to Note 25<div style="display:inline-block;width:1.6px"> </div>for more information </div><div id="div_202_XBRL_TS_2f35248e2d3045f58fa84401d95140b2" style="position:absolute;left:0px;top:687.1px;float:left;"><div id="TextBlockContainer203" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:213px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a86840" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">3)<div style="display:inline-block;width:3.83px"> </div>Fee and commission income and<div style="display:inline-block;width:5.02px"> </div>expenses </div><div id="a86847" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23.5px;">UBS<div style="display:inline-block;width:5.08px"> </div>earns fee<div style="display:inline-block;width:5.48px"> </div>income from<div style="display:inline-block;width:5.71px"> </div>the diverse<div style="display:inline-block;width:6.09px"> </div>range<div style="display:inline-block;width:5.15px"> </div>of services<div style="display:inline-block;width:5.76px"> </div>it provides<div style="display:inline-block;width:5.96px"> </div>to its<div style="display:inline-block;width:6.09px"> </div>clients. Fee<div style="display:inline-block;width:5.84px"> </div>income can<div style="display:inline-block;width:5.72px"> </div>be divided<div style="display:inline-block;width:6.18px"> </div>into two </div><div id="a86850" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.7px;">broad<div style="display:inline-block;width:5.89px"> </div>categories:<div style="display:inline-block;width:5.15px"> </div>fees<div style="display:inline-block;width:5.1px"> </div>earned<div style="display:inline-block;width:5.21px"> </div>from<div style="display:inline-block;width:5.18px"> </div>services<div style="display:inline-block;width:5.11px"> </div>that<div style="display:inline-block;width:5.1px"> </div>are<div style="display:inline-block;width:5.76px"> </div>provided<div style="display:inline-block;width:5.79px"> </div>over<div style="display:inline-block;width:5.05px"> </div>a<div style="display:inline-block;width:5.2px"> </div>certain<div style="display:inline-block;width:5.26px"> </div>period<div style="display:inline-block;width:5.55px"> </div>of<div style="display:inline-block;width:5.25px"> </div>time, such<div style="display:inline-block;width:6.67px"> </div>as<div style="display:inline-block;width:5.25px"> </div>management<div style="display:inline-block;width:5.35px"> </div>of </div><div id="a86851" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:54.3px;">clients’<div style="display:inline-block;width:6.41px"> </div>assets,<div style="display:inline-block;width:6.72px"> </div>custody<div style="display:inline-block;width:6.72px"> </div>services<div style="display:inline-block;width:6.53px"> </div>and<div style="display:inline-block;width:7.03px"> </div>certain<div style="display:inline-block;width:6.21px"> </div>advisory<div style="display:inline-block;width:6.41px"> </div>services;<div style="display:inline-block;width:6.85px"> </div>and<div style="display:inline-block;width:7.03px"> </div>fees<div style="display:inline-block;width:6.52px"> </div>earned<div style="display:inline-block;width:6.63px"> </div>from<div style="display:inline-block;width:6.6px"> </div>point-in-time<div style="display:inline-block;width:6.48px"> </div>services,<div style="display:inline-block;width:7.11px"> </div>such<div style="display:inline-block;width:6.87px"> </div>as </div><div id="a86858" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:69.4px;">underwriting<div style="display:inline-block;width:6.12px"> </div>fees,<div style="display:inline-block;width:5.67px"> </div>deal-contingent<div style="display:inline-block;width:6.11px"> </div>merger<div style="display:inline-block;width:5.89px"> </div>and<div style="display:inline-block;width:6.08px"> </div>acquisitions<div style="display:inline-block;width:5.91px"> </div>fees,<div style="display:inline-block;width:5.67px"> </div>and<div style="display:inline-block;width:6.08px"> </div>brokerage<div style="display:inline-block;width:6.21px"> </div>fees<div style="display:inline-block;width:5.1px"> </div>(e.g.,<div style="display:inline-block;width:6.29px"> </div>securities<div style="display:inline-block;width:5.26px"> </div>and<div style="display:inline-block;width:6.08px"> </div>derivatives </div><div id="a86861" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:84.5px;">execution and clearing). UBS recognizes<div style="display:inline-block;width:5.19px"> </div>fees earned from PIT services when it has fully provided the<div style="display:inline-block;width:5.11px"> </div>service to the client. </div><div id="a86865" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:100.1px;">Where the contract requires services to be provided over time, income is recognized<div style="display:inline-block;width:5.33px"> </div>on a systematic basis over the life of </div><div id="a86866" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:115.3px;">the agreement. </div><div id="a86868" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:138.5px;">Consideration<div style="display:inline-block;width:5.9px"> </div>received is<div style="display:inline-block;width:6.45px"> </div>allocated<div style="display:inline-block;width:5.04px"> </div>to<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>separately identifiable<div style="display:inline-block;width:6.72px"> </div>performance<div style="display:inline-block;width:5.47px"> </div>obligations<div style="display:inline-block;width:5.8px"> </div>in<div style="display:inline-block;width:5.3px"> </div>a<div style="display:inline-block;width:5.2px"> </div>contract. Owing<div style="display:inline-block;width:6.67px"> </div>to<div style="display:inline-block;width:5.25px"> </div>the </div><div id="a86869" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:153.6px;">nature of UBS’s business,<div style="display:inline-block;width:5.37px"> </div>contracts that include multiple performance<div style="display:inline-block;width:5.35px"> </div>obligations are typically those<div style="display:inline-block;width:5.15px"> </div>that are considered </div><div id="a86872" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:168.7px;">to include<div style="display:inline-block;width:5.08px"> </div>a series of<div style="display:inline-block;width:5.36px"> </div>similar performance<div style="display:inline-block;width:5.47px"> </div>obligations fulfilled<div style="display:inline-block;width:5.58px"> </div>over time<div style="display:inline-block;width:5.22px"> </div>with the same<div style="display:inline-block;width:5.88px"> </div>pattern of<div style="display:inline-block;width:5.06px"> </div>transfer to the<div style="display:inline-block;width:6.09px"> </div>client, </div><div id="a86874" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183.9px;">e.g.,<div style="display:inline-block;width:5.72px"> </div>management<div style="display:inline-block;width:5.35px"> </div>of<div style="display:inline-block;width:5.25px"> </div>client<div style="display:inline-block;width:5.31px"> </div>assets<div style="display:inline-block;width:5.67px"> </div>and<div style="display:inline-block;width:5.61px"> </div>custodial<div style="display:inline-block;width:5.29px"> </div>services.<div style="display:inline-block;width:5.69px"> </div>As<div style="display:inline-block;width:5.4px"> </div>a<div style="display:inline-block;width:5.2px"> </div>consequence,<div style="display:inline-block;width:5.96px"> </div>UBS<div style="display:inline-block;width:5.56px"> </div>is<div style="display:inline-block;width:5.62px"> </div>not<div style="display:inline-block;width:5.45px"> </div>required<div style="display:inline-block;width:5.88px"> </div>to<div style="display:inline-block;width:5.25px"> </div>apply<div style="display:inline-block;width:5.3px"> </div>significant </div><div id="a86875" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:199.5px;">judgment in allocating the consideration<div style="display:inline-block;width:5.12px"> </div>received across the various<div style="display:inline-block;width:5.05px"> </div>performance obligations.</div></div></div></div><div id="TextBlockContainer210" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:761px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_206_XBRL_TS_456ab8fff18d438889ab516baae1957f" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer207" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:290px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a86916" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">PIT services<div style="display:inline-block;width:5.11px"> </div>are generally<div style="display:inline-block;width:5.23px"> </div>for a<div style="display:inline-block;width:5.2px"> </div>fixed price<div style="display:inline-block;width:5.26px"> </div>or dependent<div style="display:inline-block;width:5.74px"> </div>on deal<div style="display:inline-block;width:5.34px"> </div>size, e.g.,<div style="display:inline-block;width:5.2px"> </div>a fixed number<div style="display:inline-block;width:5.93px"> </div>of basis<div style="display:inline-block;width:5.08px"> </div>points of<div style="display:inline-block;width:5.28px"> </div>trade size, </div><div id="a86920" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">where the amount of revenue is known when the performance obligation is met. Fixed<div style="display:inline-block;width:1.34px"> </div>-over-time fees are recognized on </div><div id="a86925" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">a straight-line<div style="display:inline-block;width:2.31px"> </div>basis over the<div style="display:inline-block;width:1.75px"> </div>performance period. Custodial and asset<div style="display:inline-block;width:1.46px"> </div>management fees can<div style="display:inline-block;width:1.67px"> </div>be variable<div style="display:inline-block;width:2.31px"> </div>through reference </div><div id="a86929" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.4px;">to<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:6.2px"> </div>size<div style="display:inline-block;width:5.89px"> </div>of<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:6.2px"> </div>customer<div style="display:inline-block;width:5.94px"> </div>portfolio.<div style="display:inline-block;width:6.39px"> </div>However,<div style="display:inline-block;width:6.63px"> </div>they<div style="display:inline-block;width:5.99px"> </div>are<div style="display:inline-block;width:6.23px"> </div>generally<div style="display:inline-block;width:5.99px"> </div>billed<div style="display:inline-block;width:6.24px"> </div>on<div style="display:inline-block;width:6.55px"> </div>a<div style="display:inline-block;width:6.15px"> </div>monthly<div style="display:inline-block;width:6.14px"> </div>or<div style="display:inline-block;width:6.2px"> </div>quarterly<div style="display:inline-block;width:5.79px"> </div>basis<div style="display:inline-block;width:6.34px"> </div>once<div style="display:inline-block;width:6.35px"> </div>the </div><div id="a86930" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">customer’s<div style="display:inline-block;width:7.04px"> </div>portfolio<div style="display:inline-block;width:7.71px"> </div>size<div style="display:inline-block;width:6.84px"> </div>is<div style="display:inline-block;width:7.04px"> </div>known<div style="display:inline-block;width:7.8px"> </div>or<div style="display:inline-block;width:7.14px"> </div>known<div style="display:inline-block;width:7.49px"> </div>with<div style="display:inline-block;width:7.14px"> </div>near<div style="display:inline-block;width:7.14px"> </div>certainty<div style="display:inline-block;width:6.8px"> </div>and<div style="display:inline-block;width:7.5px"> </div>therefore<div style="display:inline-block;width:7.36px"> </div>also<div style="display:inline-block;width:7.24px"> </div>recognized<div style="display:inline-block;width:7.48px"> </div>ratably<div style="display:inline-block;width:6.68px"> </div>over<div style="display:inline-block;width:7.41px"> </div>the </div><div id="a86932" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;">performance period.<div style="display:inline-block;width:5.55px"> </div>UBS does not<div style="display:inline-block;width:5.05px"> </div>recognize performance fees<div style="display:inline-block;width:5.28px"> </div>related to management<div style="display:inline-block;width:5.64px"> </div>of clients’ assets<div style="display:inline-block;width:5.24px"> </div>or fees related </div><div id="a86933" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:92.3px;">to contingencies beyond UBS’s<div style="display:inline-block;width:5.55px"> </div>control until such uncertainties are resolved.<div style="display:inline-block;width:5.29px"> </div></div><div id="a86936" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:115px;">UBS’s<div style="display:inline-block;width:6.66px"> </div>fees<div style="display:inline-block;width:6.04px"> </div>are<div style="display:inline-block;width:6.23px"> </div>generally<div style="display:inline-block;width:5.52px"> </div>earned<div style="display:inline-block;width:6.63px"> </div>from<div style="display:inline-block;width:6.13px"> </div>short-term<div style="display:inline-block;width:6.32px"> </div>contracts.<div style="display:inline-block;width:6.31px"> </div>As<div style="display:inline-block;width:6.35px"> </div>a<div style="display:inline-block;width:6.15px"> </div>result,<div style="display:inline-block;width:6.33px"> </div>UBS’s<div style="display:inline-block;width:6.18px"> </div>contracts<div style="display:inline-block;width:5.74px"> </div>do<div style="display:inline-block;width:6.55px"> </div>not<div style="display:inline-block;width:6.4px"> </div>include<div style="display:inline-block;width:6.34px"> </div>a<div style="display:inline-block;width:6.15px"> </div>financing </div><div id="a86939" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:130.1px;">component<div style="display:inline-block;width:5.23px"> </div>or result<div style="display:inline-block;width:5.91px"> </div>in the<div style="display:inline-block;width:5.45px"> </div>recognition of<div style="display:inline-block;width:5.89px"> </div>significant receivables<div style="display:inline-block;width:5.81px"> </div>or prepayment<div style="display:inline-block;width:6.01px"> </div>assets. Furthermore,<div style="display:inline-block;width:6.33px"> </div>due<div style="display:inline-block;width:5.13px"> </div>to the<div style="display:inline-block;width:5.4px"> </div>short-</div><div id="a86941" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:145.7px;">term nature of such contracts,<div style="display:inline-block;width:5.05px"> </div>UBS has not capitalized<div style="display:inline-block;width:5.43px"> </div>any material costs to obtain<div style="display:inline-block;width:5.29px"> </div>or fulfill a contract<div style="display:inline-block;width:5.05px"> </div>or generated any </div><div id="a86943" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:160.9px;">significant contract assets or liabilities. </div><div id="a86945" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:183.6px;">UBS presents expenses primarily in line with their nature in the<div style="display:inline-block;width:5.08px"> </div>income statement, differentiating between<div style="display:inline-block;width:5.17px"> </div>expenses that </div><div id="a86947" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:198.7px;">are directly<div style="display:inline-block;width:2.08px"> </div>attributable to the satisfaction<div style="display:inline-block;width:2.19px"> </div>of specific performance obligations associated with<div style="display:inline-block;width:1.73px"> </div>the generation of<div style="display:inline-block;width:2.12px"> </div>revenues, </div><div id="a86951" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:214.3px;">which<div style="display:inline-block;width:5.88px"> </div>are<div style="display:inline-block;width:5.76px"> </div>generally<div style="display:inline-block;width:5.52px"> </div>presented<div style="display:inline-block;width:6.26px"> </div>within </div><div id="a86952" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:227.298px;top:214.1px;">Total<div style="display:inline-block;width:5.93px"> </div>revenues</div><div id="a86954" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:310.592px;top:214.3px;"><div style="display:inline-block;width:5.68px"> </div>as </div><div id="a86956" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:333.765px;top:214.1px;">Fee<div style="display:inline-block;width:5.47px"> </div>and<div style="display:inline-block;width:6.08px"> </div>commission<div style="display:inline-block;width:6.14px"> </div>expense</div><div id="a86957" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:504.138px;top:214.3px;">,<div style="display:inline-block;width:5.78px"> </div>and<div style="display:inline-block;width:6.08px"> </div>those<div style="display:inline-block;width:5.98px"> </div>that<div style="display:inline-block;width:5.57px"> </div>are<div style="display:inline-block;width:5.76px"> </div>related<div style="display:inline-block;width:5.8px"> </div>to </div><div id="a86959" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:229.5px;">personnel, general and administrative<div style="display:inline-block;width:1.37px"> </div>expenses, which are<div style="display:inline-block;width:1.85px"> </div>presented within </div><div id="a86960" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:430.778px;top:229.2px;">Operating expenses</div><div id="a86962" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:541.965px;top:229.5px;">. For<div style="display:inline-block;width:1.95px"> </div>derivatives execution </div><div id="a86963" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:245.1px;">and clearing services (where<div style="display:inline-block;width:5.22px"> </div>UBS acts as an agent),<div style="display:inline-block;width:5.43px"> </div>UBS only records its specific<div style="display:inline-block;width:5.77px"> </div>fees in the income statement,<div style="display:inline-block;width:5.35px"> </div>with fees </div><div id="a86964" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:260.2px;">payable to other parties not recognized<div style="display:inline-block;width:5.06px"> </div>as an expense but instead directly offset against the associated income collected </div><div id="a86967" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:275.8px;">from the given client.</div></div></div><div id="a86967_22_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.032px;top:275.8px;"> </div><div id="a86969" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:287.5px;">›</div><div id="a86970" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:287.7px;"> </div><div id="a86971" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:292.4px;">Refer to Note 4 for<div style="display:inline-block;width:1.31px"> </div>more information,<div style="display:inline-block;width:1.57px"> </div>including the disaggregation<div style="display:inline-block;width:0.53px"> </div>of revenues </div><div id="div_208_XBRL_TS_89831aaacc9f4e3d84cb874abd098174" style="position:absolute;left:0px;top:320.4px;float:left;"><div id="TextBlockContainer209" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:426px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a86976" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">4) Share-based and other deferred<div style="display:inline-block;width:5.43px"> </div>compensation plans </div><div id="a86988" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23.1px;">UBS<div style="display:inline-block;width:5.08px"> </div>recognizes expenses<div style="display:inline-block;width:6.31px"> </div>for deferred<div style="display:inline-block;width:6.8px"> </div>compensation<div style="display:inline-block;width:5.18px"> </div>awards<div style="display:inline-block;width:5.17px"> </div>over<div style="display:inline-block;width:5.05px"> </div>the period<div style="display:inline-block;width:6.18px"> </div>that the<div style="display:inline-block;width:6.2px"> </div>employee is<div style="display:inline-block;width:5.67px"> </div>required<div style="display:inline-block;width:5.88px"> </div>to provide </div><div id="a86989" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.7px;">service to<div style="display:inline-block;width:5.69px"> </div>become entitled<div style="display:inline-block;width:5.72px"> </div>to the<div style="display:inline-block;width:5.88px"> </div>award.<div style="display:inline-block;width:5.23px"> </div>Where the<div style="display:inline-block;width:5.91px"> </div>service period<div style="display:inline-block;width:5.52px"> </div>is shortened,<div style="display:inline-block;width:5.91px"> </div>for example in<div style="display:inline-block;width:6.09px"> </div>the case<div style="display:inline-block;width:5.68px"> </div>of employees </div><div id="a86990" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">affected by restructuring programs or mutually agreed termination provisions, recognition<div style="display:inline-block;width:5.31px"> </div>of such expense is accelerated </div><div id="a86992" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:69.4px;">to the<div style="display:inline-block;width:5.88px"> </div>termination date.<div style="display:inline-block;width:6.19px"> </div>Where no<div style="display:inline-block;width:6.27px"> </div>future service<div style="display:inline-block;width:5.35px"> </div>is required,<div style="display:inline-block;width:6.5px"> </div>such as<div style="display:inline-block;width:6.08px"> </div>for employees<div style="display:inline-block;width:5.67px"> </div>who are<div style="display:inline-block;width:5.9px"> </div>eligible for<div style="display:inline-block;width:5.66px"> </div>retirement or </div><div id="a86993" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:84.5px;">who<div style="display:inline-block;width:8.08px"> </div>have<div style="display:inline-block;width:7.57px"> </div>met<div style="display:inline-block;width:7.26px"> </div>certain<div style="display:inline-block;width:7.16px"> </div>age<div style="display:inline-block;width:7.77px"> </div>and<div style="display:inline-block;width:7.97px"> </div>length-of-service<div style="display:inline-block;width:7.6px"> </div>criteria,<div style="display:inline-block;width:7.8px"> </div>the<div style="display:inline-block;width:7.62px"> </div>services<div style="display:inline-block;width:7.48px"> </div>are<div style="display:inline-block;width:7.65px"> </div>presumed<div style="display:inline-block;width:8.15px"> </div>to<div style="display:inline-block;width:7.62px"> </div>have<div style="display:inline-block;width:7.57px"> </div>been<div style="display:inline-block;width:7.97px"> </div>received<div style="display:inline-block;width:7.35px"> </div>and </div><div id="a87000" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.7px;">compensation expense<div style="display:inline-block;width:5.53px"> </div>is recognized<div style="display:inline-block;width:5.16px"> </div>over the performance<div style="display:inline-block;width:5.1px"> </div>year or,<div style="display:inline-block;width:5.33px"> </div>in the case<div style="display:inline-block;width:5.4px"> </div>of off-cycle<div style="display:inline-block;width:5.16px"> </div>awards, immediately<div style="display:inline-block;width:5.55px"> </div>on the </div><div id="a87009" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:115.3px;">grant date. </div><div id="a87013" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:138px;">Share-based compensation plans </div><div id="a87017" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:153.1px;">Share-based compensation<div style="display:inline-block;width:5.93px"> </div>expense is<div style="display:inline-block;width:5.03px"> </div>measured by<div style="display:inline-block;width:5.22px"> </div>reference to the<div style="display:inline-block;width:5.53px"> </div>fair value of<div style="display:inline-block;width:5.42px"> </div>the equity instruments<div style="display:inline-block;width:5.39px"> </div>on the<div style="display:inline-block;width:5.29px"> </div>date of </div><div id="a87021" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:168.8px;">grant, taking<div style="display:inline-block;width:6.13px"> </div>into account<div style="display:inline-block;width:5.98px"> </div>the terms<div style="display:inline-block;width:5.42px"> </div>and<div style="display:inline-block;width:5.29px"> </div>conditions<div style="display:inline-block;width:5.26px"> </div>inherent<div style="display:inline-block;width:5.16px"> </div>in the<div style="display:inline-block;width:5.93px"> </div>award,<div style="display:inline-block;width:5.23px"> </div>including, where<div style="display:inline-block;width:6.3px"> </div>relevant, dividend<div style="display:inline-block;width:6.11px"> </div>rights, </div><div id="a87025" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183.9px;">transfer restrictions in effect<div style="display:inline-block;width:5.02px"> </div>beyond<div style="display:inline-block;width:4.52px"> </div>the vesting date, market conditions, and<div style="display:inline-block;width:5.52px"> </div>non-vesting conditions.<div style="display:inline-block;width:4.67px"> </div></div><div id="a87030" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:206.6px;">For equity-settled awards,<div style="display:inline-block;width:5.94px"> </div>fair value is not<div style="display:inline-block;width:5.67px"> </div>remeasured unless<div style="display:inline-block;width:5.23px"> </div>the terms of<div style="display:inline-block;width:5.1px"> </div>the award are modified<div style="display:inline-block;width:5.66px"> </div>such that there<div style="display:inline-block;width:5.22px"> </div>is an </div><div id="a87033" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:221.7px;">incremental<div style="display:inline-block;width:5.45px"> </div>increase<div style="display:inline-block;width:6.18px"> </div>in<div style="display:inline-block;width:5.77px"> </div>value.<div style="display:inline-block;width:5.67px"> </div>Expenses<div style="display:inline-block;width:5.98px"> </div>are<div style="display:inline-block;width:5.76px"> </div>recognized,<div style="display:inline-block;width:5.69px"> </div>on<div style="display:inline-block;width:6.08px"> </div>a<div style="display:inline-block;width:5.2px"> </div>per-tranche<div style="display:inline-block;width:5.24px"> </div>basis,<div style="display:inline-block;width:5.98px"> </div>over<div style="display:inline-block;width:5.05px"> </div>the<div style="display:inline-block;width:5.72px"> </div>service<div style="display:inline-block;width:5.53px"> </div>period<div style="display:inline-block;width:6.02px"> </div>based<div style="display:inline-block;width:5.66px"> </div>on<div style="display:inline-block;width:6.08px"> </div>an </div><div id="a87037" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:237.3px;">estimate of<div style="display:inline-block;width:5.79px"> </div>the number<div style="display:inline-block;width:6.13px"> </div>of instruments<div style="display:inline-block;width:6.29px"> </div>expected<div style="display:inline-block;width:5.52px"> </div>to vest<div style="display:inline-block;width:5.52px"> </div>and<div style="display:inline-block;width:5.13px"> </div>are adjusted<div style="display:inline-block;width:6.26px"> </div>to reflect<div style="display:inline-block;width:6.25px"> </div>the actual<div style="display:inline-block;width:5.57px"> </div>outcomes<div style="display:inline-block;width:5.35px"> </div>of service<div style="display:inline-block;width:6.16px"> </div>or </div><div id="a87038" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:252.5px;">performance conditions.<div style="display:inline-block;width:4.84px"> </div></div><div id="a87040" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:275.7px;">For equity-settled<div style="display:inline-block;width:6.26px"> </div>awards,<div style="display:inline-block;width:5.27px"> </div>forfeiture events<div style="display:inline-block;width:5.45px"> </div>resulting<div style="display:inline-block;width:5.11px"> </div>from a<div style="display:inline-block;width:5.95px"> </div>breach<div style="display:inline-block;width:5.01px"> </div>of a<div style="display:inline-block;width:5.83px"> </div>non-vesting condition<div style="display:inline-block;width:6.33px"> </div>(i.e., one<div style="display:inline-block;width:5.55px"> </div>that does<div style="display:inline-block;width:5.66px"> </div>not </div><div id="a87050" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:290.8px;">relate to a service or performance condition)<div style="display:inline-block;width:5.48px"> </div>do not result in any<div style="display:inline-block;width:5.03px"> </div>adjustment to the share-based compensation<div style="display:inline-block;width:5.32px"> </div>expense. </div><div id="a87054" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:313.5px;">For<div style="display:inline-block;width:5.05px"> </div>cash-settled<div style="display:inline-block;width:5.39px"> </div>share-based<div style="display:inline-block;width:5.87px"> </div>awards,<div style="display:inline-block;width:5.79px"> </div>fair value<div style="display:inline-block;width:6.21px"> </div>is<div style="display:inline-block;width:5.21px"> </div>remeasured<div style="display:inline-block;width:5.71px"> </div>at<div style="display:inline-block;width:5.05px"> </div>each<div style="display:inline-block;width:5.2px"> </div>reporting<div style="display:inline-block;width:5.21px"> </div>date,<div style="display:inline-block;width:5.44px"> </div>so<div style="display:inline-block;width:5.46px"> </div>that<div style="display:inline-block;width:5.1px"> </div>the<div style="display:inline-block;width:5.25px"> </div>cumulative expense </div><div id="a87069" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:328.7px;">recognized equals the cash distributed.<div style="display:inline-block;width:5.46px"> </div></div><div id="a87073" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:351.4px;">Other deferred compensation plans </div><div id="a87079" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:366.5px;">Compensation<div style="display:inline-block;width:6.48px"> </div>expense<div style="display:inline-block;width:5.93px"> </div>for<div style="display:inline-block;width:5.57px"> </div>other<div style="display:inline-block;width:5.77px"> </div>deferred<div style="display:inline-block;width:5.86px"> </div>compensation<div style="display:inline-block;width:6.59px"> </div>plans<div style="display:inline-block;width:6.02px"> </div>is<div style="display:inline-block;width:5.62px"> </div>recognized<div style="display:inline-block;width:6.06px"> </div>on<div style="display:inline-block;width:6.08px"> </div>a<div style="display:inline-block;width:5.2px"> </div>per-tranche<div style="display:inline-block;width:6.26px"> </div>or<div style="display:inline-block;width:5.72px"> </div>straight-line<div style="display:inline-block;width:5.94px"> </div>basis, </div><div id="a87084" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:382.1px;">depending<div style="display:inline-block;width:5.37px"> </div>on<div style="display:inline-block;width:4.72px"> </div>the nature<div style="display:inline-block;width:5.69px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>plan. The<div style="display:inline-block;width:5.91px"> </div>amount recognized<div style="display:inline-block;width:5.99px"> </div>is measured<div style="display:inline-block;width:6.29px"> </div>based on<div style="display:inline-block;width:5.69px"> </div>the present<div style="display:inline-block;width:6.21px"> </div>value of<div style="display:inline-block;width:5.72px"> </div>the amount </div><div id="a87089" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:397.2px;">expected to be paid under the plan and is remeasured at<div style="display:inline-block;width:1.97px"> </div>each reporting date, so that the cumulative expense recognized </div><div id="a87090" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:412.9px;">equals the cash or the fair value of<div style="display:inline-block;width:5.19px"> </div>respective financial instruments distributed.</div></div></div><div id="a87090_82_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:451.138px;top:733.3px;"> </div><div id="a87094" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:745px;">›</div><div id="a87095" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:745.2px;"> </div><div id="a87096" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:749.9px;">Refer to Note 27<div style="display:inline-block;width:1.6px"> </div>for more information</div></div><div id="TextBlockContainer222" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:918px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_212_XBRL_TS_087c0f437ba6491bac57240fcfc4aaae" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer213" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:175px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a87140" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">5)<div style="display:inline-block;width:3.83px"> </div>Post-employment benefit plans </div><div id="a87147" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:23px;">Defined benefit plans </div><div id="a87149" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.7px;">Defined benefit plans specify an amount of benefit that an employee will receive, which usually depends on one or more </div><div id="a87155" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">factors,<div style="display:inline-block;width:3.98px"> </div>such as<div style="display:inline-block;width:5.13px"> </div>age, years<div style="display:inline-block;width:5.31px"> </div>of service and<div style="display:inline-block;width:5.72px"> </div>compensation.<div style="display:inline-block;width:5.28px"> </div>The defined<div style="display:inline-block;width:5.38px"> </div>benefit liability<div style="display:inline-block;width:5.1px"> </div>recognized in<div style="display:inline-block;width:5.32px"> </div>the balance sheet<div style="display:inline-block;width:5.66px"> </div>is </div><div id="a87159" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:69.4px;">the present value of the<div style="display:inline-block;width:5.1px"> </div>defined<div style="display:inline-block;width:4.23px"> </div>benefit obligation,<div style="display:inline-block;width:5.09px"> </div>measured using the projected<div style="display:inline-block;width:5.79px"> </div>unit credit method,<div style="display:inline-block;width:5.48px"> </div>less the fair value </div><div id="a87164" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:84.5px;">of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>plan’s<div style="display:inline-block;width:5.24px"> </div>assets<div style="display:inline-block;width:5.2px"> </div>at<div style="display:inline-block;width:5.05px"> </div>the balance<div style="display:inline-block;width:6.4px"> </div>sheet<div style="display:inline-block;width:5.3px"> </div>date,<div style="display:inline-block;width:4.99px"> </div>with<div style="display:inline-block;width:5.25px"> </div>changes<div style="display:inline-block;width:5.18px"> </div>resulting<div style="display:inline-block;width:5.58px"> </div>from<div style="display:inline-block;width:5.18px"> </div>remeasurements<div style="display:inline-block;width:5.89px"> </div>recorded<div style="display:inline-block;width:5.78px"> </div>immediately<div style="display:inline-block;width:5.37px"> </div>in </div><div id="a87171" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:99.4px;">Other comprehensive income</div><div id="a87172" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:170.992px;top:99.7px;">. If the fair value of the plan’s<div style="display:inline-block;width:5.04px"> </div>assets is higher than the present value of the defined<div style="display:inline-block;width:5.09px"> </div>benefit </div><div id="a87177" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:115.3px;">obligation, the recognition<div style="display:inline-block;width:5.22px"> </div>of the resulting net asset<div style="display:inline-block;width:5.14px"> </div>is limited to the present<div style="display:inline-block;width:5.63px"> </div>value of economic benefits available<div style="display:inline-block;width:5.24px"> </div>in the </div><div id="a87178" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:130.4px;">form of<div style="display:inline-block;width:5.1px"> </div>refunds from<div style="display:inline-block;width:5.88px"> </div>the plan<div style="display:inline-block;width:5.18px"> </div>or reductions<div style="display:inline-block;width:6px"> </div>in future<div style="display:inline-block;width:5.59px"> </div>contributions<div style="display:inline-block;width:5.19px"> </div>to the plan.<div style="display:inline-block;width:5.97px"> </div>Calculation o<div style="display:inline-block;width:1.37px"> </div>f<div style="display:inline-block;width:4.1px"> </div>the net<div style="display:inline-block;width:5.43px"> </div>defined benefit </div><div id="a87188" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:146px;">obligation or<div style="display:inline-block;width:5.49px"> </div>asset takes<div style="display:inline-block;width:5.62px"> </div>into account<div style="display:inline-block;width:5.56px"> </div>the specific<div style="display:inline-block;width:5.79px"> </div>features of<div style="display:inline-block;width:5.39px"> </div>each plan,<div style="display:inline-block;width:5.71px"> </div>including risk<div style="display:inline-block;width:5.59px"> </div>sharing between<div style="display:inline-block;width:5.59px"> </div>employee and </div><div id="a87194" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:161.2px;">employer, and<div style="display:inline-block;width:5.44px"> </div>is calculated periodically by independent<div style="display:inline-block;width:5.82px"> </div>qualified actuaries.</div></div></div><div id="a87194_76_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:429.832px;top:161.2px;"> </div><div id="a87199" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:176.2px;"> </div><div id="div_214_XBRL_TS_db378fa828a94a25a09a21991353841e" style="position:absolute;left:8.793px;top:198.5px;float:left;"><div id="TextBlockContainer215" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:219px;height:10px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a87200" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Critical accounting estimates and judgments</div></div></div><div id="div_216_XBRL_TS_4abdf0b7216c4c7293f6b7d58060cb3c" style="position:absolute;left:8.793px;top:223.8px;float:left;"><div id="TextBlockContainer217" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:674px;height:64px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a87202" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:0px;">The net defined benefit liability or asset at the balance sheet date and the related personnel expense depend on the expected future benefits to be provided, </div><div id="a87204" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:13.2px;">determined<div style="display:inline-block;width:5.35px"> </div>using<div style="display:inline-block;width:4.32px"> </div>a<div style="display:inline-block;width:4.97px"> </div>number<div style="display:inline-block;width:4.72px"> </div>of<div style="display:inline-block;width:4.41px"> </div>economic<div style="display:inline-block;width:4.57px"> </div>and<div style="display:inline-block;width:4.8px"> </div>demographic<div style="display:inline-block;width:4.79px"> </div>assumptions.<div style="display:inline-block;width:5.33px"> </div>A<div style="display:inline-block;width:4.73px"> </div>range<div style="display:inline-block;width:4.56px"> </div>of<div style="display:inline-block;width:4.41px"> </div>assumptions<div style="display:inline-block;width:4.78px"> </div>could<div style="display:inline-block;width:4.72px"> </div>be<div style="display:inline-block;width:4.17px"> </div>applied,<div style="display:inline-block;width:5.11px"> </div>and<div style="display:inline-block;width:4.8px"> </div>different<div style="display:inline-block;width:5.09px"> </div>assumptions<div style="display:inline-block;width:5.16px"> </div>could </div><div id="a87206" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:27px;">significantly alter<div style="display:inline-block;width:5px"> </div>the defined benefit<div style="display:inline-block;width:4.94px"> </div>liability or<div style="display:inline-block;width:4.1px"> </div>asset and<div style="display:inline-block;width:4.24px"> </div>pension expense<div style="display:inline-block;width:4.14px"> </div>recognized. The<div style="display:inline-block;width:4.74px"> </div>most significant<div style="display:inline-block;width:4.17px"> </div>assumptions include<div style="display:inline-block;width:4.3px"> </div>life expectancy,<div style="display:inline-block;width:5.19px"> </div>discount </div><div id="a87209" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:40.2px;">rate,<div style="display:inline-block;width:4.34px"> </div>expected salary<div style="display:inline-block;width:4.97px"> </div>increases,<div style="display:inline-block;width:4.28px"> </div>pension<div style="display:inline-block;width:4.23px"> </div>increases<div style="display:inline-block;width:4.2px"> </div>and interest<div style="display:inline-block;width:5.45px"> </div>credits on<div style="display:inline-block;width:5.16px"> </div>retirement<div style="display:inline-block;width:4.47px"> </div>savings account<div style="display:inline-block;width:5.11px"> </div>balances. Sensitivity<div style="display:inline-block;width:5.72px"> </div>analysis for<div style="display:inline-block;width:5.12px"> </div>reasonable possible </div><div id="a87216" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:53.5px;">movements in each significant assumption<div style="display:inline-block;width:4.61px"> </div>for UBS‘s post-employment obligations is<div style="display:inline-block;width:4.12px"> </div>provided in Note 26.</div></div></div><div id="a87222" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:285.9px;">›</div><div id="a87223" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:286.2px;"> </div><div id="a87224" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:290.8px;">Refer to Note 26</div><div id="a87227" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#006600;left:114.205px;top:290.8px;"> </div><div id="a87228" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:117.045px;top:290.8px;">for more information </div><div id="div_218_XBRL_TS_e348c3bf07624da2801829a20ec6026e" style="position:absolute;left:0px;top:316.3px;float:left;"><div id="TextBlockContainer219" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:105px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a87231" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Defined contribution plans </div><div id="a87233" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">A<div style="display:inline-block;width:5.83px"> </div>defined<div style="display:inline-block;width:6.06px"> </div>contribution<div style="display:inline-block;width:6.02px"> </div>plan<div style="display:inline-block;width:5.98px"> </div>pays<div style="display:inline-block;width:5.72px"> </div>fixed<div style="display:inline-block;width:5.42px"> </div>contributions<div style="display:inline-block;width:6.54px"> </div>into<div style="display:inline-block;width:5.82px"> </div>a<div style="display:inline-block;width:5.67px"> </div>separate<div style="display:inline-block;width:5.62px"> </div>entity<div style="display:inline-block;width:5.74px"> </div>from<div style="display:inline-block;width:6.6px"> </div>which<div style="display:inline-block;width:5.88px"> </div>post-employment<div style="display:inline-block;width:6.45px"> </div>and<div style="display:inline-block;width:6.08px"> </div>other </div><div id="a87237" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.3px;">benefits are paid. UBS has<div style="display:inline-block;width:5.34px"> </div>no legal or constructive obligation to pay further<div style="display:inline-block;width:5.08px"> </div>amounts if the plan<div style="display:inline-block;width:5.03px"> </div>does not hold sufficient </div><div id="a87241" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">assets to pay employees<div style="display:inline-block;width:2.34px"> </div>the benefits relating to employee<div style="display:inline-block;width:2.05px"> </div>service in the current<div style="display:inline-block;width:2.19px"> </div>and prior periods. Compensation expense </div><div id="a87245" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61px;">is recognized<div style="display:inline-block;width:5.23px"> </div>when the<div style="display:inline-block;width:5.39px"> </div>employees have rendered<div style="display:inline-block;width:6.18px"> </div>services in exchange<div style="display:inline-block;width:5.62px"> </div>for contributions.<div style="display:inline-block;width:5.7px"> </div>This is generally in<div style="display:inline-block;width:5.54px"> </div>the year of </div><div id="a87247" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.2px;">contribution. Prepaid<div style="display:inline-block;width:5.67px"> </div>contributions are<div style="display:inline-block;width:5.44px"> </div>recognized<div style="display:inline-block;width:5.12px"> </div>as an<div style="display:inline-block;width:5.08px"> </div>asset to the<div style="display:inline-block;width:5.45px"> </div>extent that a<div style="display:inline-block;width:5.47px"> </div>cash refund<div style="display:inline-block;width:5.89px"> </div>or a reduction<div style="display:inline-block;width:5.89px"> </div>in future </div><div id="a87249" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:91.8px;">payments is available.</div></div></div><div id="a87249_22_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:127.925px;top:408.1px;"> </div><div id="div_220_XBRL_TS_7f935868cf974a8e856be12585f09c44" style="position:absolute;left:0px;top:438.1px;float:left;"><div id="TextBlockContainer221" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:480px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a87251" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">6)<div style="display:inline-block;width:3.83px"> </div>Income taxes </div><div id="a87257" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23.5px;">UBS is subject to the income<div style="display:inline-block;width:5.11px"> </div>tax laws of Switzerland<div style="display:inline-block;width:5.52px"> </div>and those of the non<div style="display:inline-block;width:2.07px"> </div>-Swiss jurisdictions in which UBS has<div style="display:inline-block;width:5.15px"> </div>business </div><div id="a87260" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.6px;">operations. </div><div id="a87262" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61.4px;">The Group’s provision for income taxes is composed<div style="display:inline-block;width:5.02px"> </div>of current and deferred taxes. Current income taxes represent taxes </div><div id="a87264" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.5px;">to be paid or refunded<div style="display:inline-block;width:5.07px"> </div>for the current period or previous<div style="display:inline-block;width:5.22px"> </div>periods.<div style="display:inline-block;width:3.88px"> </div></div><div id="a87269" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.7px;">Deferred tax<div style="display:inline-block;width:2.28px"> </div>assets (DTAs) and<div style="display:inline-block;width:2.13px"> </div>deferred tax liabilities<div style="display:inline-block;width:1.94px"> </div>(DTLs) are recognized for<div style="display:inline-block;width:1.9px"> </div>temporary differences between<div style="display:inline-block;width:2.21px"> </div>the carrying </div><div id="a87277" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:114.8px;">amounts<div style="display:inline-block;width:5.08px"> </div>and<div style="display:inline-block;width:5.13px"> </div>tax bases<div style="display:inline-block;width:5.72px"> </div>of<div style="display:inline-block;width:5.25px"> </div>assets<div style="display:inline-block;width:5.2px"> </div>and<div style="display:inline-block;width:5.13px"> </div>liabilities<div style="display:inline-block;width:5.15px"> </div>that will<div style="display:inline-block;width:5.94px"> </div>result<div style="display:inline-block;width:5.51px"> </div>in deductible<div style="display:inline-block;width:6.63px"> </div>or<div style="display:inline-block;width:5.25px"> </div>taxable amounts<div style="display:inline-block;width:1.71px"> </div>,<div style="display:inline-block;width:4.83px"> </div>respectively<div style="display:inline-block;width:5.04px"> </div>in<div style="display:inline-block;width:5.34px"> </div>future </div><div id="a87288" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:130px;">periods.<div style="display:inline-block;width:4.32px"> </div>DTAs may also arise from<div style="display:inline-block;width:5.02px"> </div>other sources, including<div style="display:inline-block;width:5.55px"> </div>unused tax losses and<div style="display:inline-block;width:5.5px"> </div>unused tax credits. DTAs and<div style="display:inline-block;width:5.5px"> </div>DTLs are </div><div id="a87297" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:145.6px;">measured<div style="display:inline-block;width:5.12px"> </div>using<div style="display:inline-block;width:5.28px"> </div>the applicable<div style="display:inline-block;width:5.92px"> </div>tax<div style="display:inline-block;width:5.32px"> </div>rates and<div style="display:inline-block;width:5.93px"> </div>laws<div style="display:inline-block;width:5.25px"> </div>that have<div style="display:inline-block;width:6.34px"> </div>been<div style="display:inline-block;width:5.13px"> </div>enacted or<div style="display:inline-block;width:6.35px"> </div>substantively enacted<div style="display:inline-block;width:6.56px"> </div>by<div style="display:inline-block;width:5.2px"> </div>the end<div style="display:inline-block;width:6.23px"> </div>of the </div><div id="a87299" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.7px;">reporting period and<div style="display:inline-block;width:5.29px"> </div>that will be in effect when such differences<div style="display:inline-block;width:5.04px"> </div>are expected to reverse. </div><div id="a87305" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183.4px;">DTAs are<div style="display:inline-block;width:5.26px"> </div>recognized only to<div style="display:inline-block;width:5.47px"> </div>the extent it is<div style="display:inline-block;width:5.42px"> </div>probable<div style="display:inline-block;width:5.05px"> </div>that sufficient taxable profits<div style="display:inline-block;width:5.58px"> </div>will be<div style="display:inline-block;width:5.3px"> </div>available against which<div style="display:inline-block;width:5.5px"> </div>these </div><div id="a87308" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:198.5px;">differences can<div style="display:inline-block;width:5.94px"> </div>be used<div style="display:inline-block;width:1.8px"> </div>.<div style="display:inline-block;width:5.31px"> </div>When an<div style="display:inline-block;width:6.18px"> </div>entity or<div style="display:inline-block;width:6.36px"> </div>tax group<div style="display:inline-block;width:6.79px"> </div>has a<div style="display:inline-block;width:6.03px"> </div>history of<div style="display:inline-block;width:5.67px"> </div>recent<div style="display:inline-block;width:5.13px"> </div>losses,<div style="display:inline-block;width:5.77px"> </div>DTAs<div style="display:inline-block;width:5.03px"> </div>are only<div style="display:inline-block;width:5.96px"> </div>recognized<div style="display:inline-block;width:5.59px"> </div>to the </div><div id="a87314" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:214.2px;">extent there are sufficient<div style="display:inline-block;width:2px"> </div>taxable temporary differences or there is<div style="display:inline-block;width:2.04px"> </div>convincing other evidence<div style="display:inline-block;width:2.29px"> </div>that sufficient taxable profit </div><div id="a87319" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:229.3px;">will be available against which the<div style="display:inline-block;width:5.04px"> </div>unused tax losses can be<div style="display:inline-block;width:5.15px"> </div>utilized. </div><div id="a87323" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:252.5px;">Deferred and current tax assets<div style="display:inline-block;width:2px"> </div>and liabilities are offset when:<div style="display:inline-block;width:3.13px"> </div>(i) they arise in the<div style="display:inline-block;width:2.24px"> </div>same tax reporting group;<div style="display:inline-block;width:2.88px"> </div>(ii) they relate </div><div id="a87333" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:267.6px;">to the same<div style="display:inline-block;width:5.4px"> </div>tax authority;<div style="display:inline-block;width:5.47px"> </div>(iii) the legal<div style="display:inline-block;width:5.82px"> </div>right to offset<div style="display:inline-block;width:5.48px"> </div>exists;<div style="display:inline-block;width:5.07px"> </div>and (iv) with<div style="display:inline-block;width:5.33px"> </div>respect to<div style="display:inline-block;width:5.34px"> </div>current taxes<div style="display:inline-block;width:5.07px"> </div>they are<div style="display:inline-block;width:5.24px"> </div>intended to </div><div id="a87346" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:282.8px;">be settled net or realized simultaneously. </div><div id="a87348" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:305.5px;">Current and deferred taxes are recognized<div style="display:inline-block;width:5.52px"> </div>as income tax benefit or expense in the income statement, except<div style="display:inline-block;width:5.18px"> </div>for current </div><div id="a87350" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:320.6px;">and deferred taxes recognized in relation<div style="display:inline-block;width:5.67px"> </div>to: (i) the acquisition of a subsidiary<div style="display:inline-block;width:5.25px"> </div>(for which such amounts<div style="display:inline-block;width:5.37px"> </div>would affect the </div><div id="a87353" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:336.2px;">amount<div style="display:inline-block;width:5.03px"> </div>of goodwill<div style="display:inline-block;width:5.96px"> </div>arising from<div style="display:inline-block;width:5.85px"> </div>the acquisition);<div style="display:inline-block;width:6.38px"> </div>(ii) gains<div style="display:inline-block;width:5.22px"> </div>and losses<div style="display:inline-block;width:5.48px"> </div>on<div style="display:inline-block;width:5.13px"> </div>the sale<div style="display:inline-block;width:5.3px"> </div>of treasury<div style="display:inline-block;width:5.66px"> </div>shares<div style="display:inline-block;width:5.12px"> </div>(for which<div style="display:inline-block;width:5.98px"> </div>the tax </div><div id="a87357" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:351.3px;">effects<div style="display:inline-block;width:5.3px"> </div>are<div style="display:inline-block;width:5.76px"> </div>recognized<div style="display:inline-block;width:6.06px"> </div>directly<div style="display:inline-block;width:5.67px"> </div>in </div><div id="a87358" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:200.338px;top:351.1px;">Equity</div><div id="a87359" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:234.858px;top:351.3px;">);<div style="display:inline-block;width:5.88px"> </div>(iii) unrealized<div style="display:inline-block;width:6px"> </div>gains<div style="display:inline-block;width:5.55px"> </div>or<div style="display:inline-block;width:5.72px"> </div>losses<div style="display:inline-block;width:5.45px"> </div>on<div style="display:inline-block;width:5.61px"> </div>financial<div style="display:inline-block;width:5.88px"> </div>instruments<div style="display:inline-block;width:5.66px"> </div>that<div style="display:inline-block;width:5.57px"> </div>are<div style="display:inline-block;width:5.76px"> </div>classified<div style="display:inline-block;width:5.78px"> </div>at </div><div id="a87362" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:367px;">FVOCI; (iv) changes in fair value of<div style="display:inline-block;width:2.34px"> </div>derivative instruments designated as cash flow hedges; (v) remeasurements of defined </div><div id="a87368" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:382.1px;">benefit plans;<div style="display:inline-block;width:5.28px"> </div>or (vi) certain<div style="display:inline-block;width:5.02px"> </div>foreign currency<div style="display:inline-block;width:5.47px"> </div>translations of<div style="display:inline-block;width:5.39px"> </div>foreign operations.<div style="display:inline-block;width:5.82px"> </div>Amounts relating<div style="display:inline-block;width:5.46px"> </div>to points<div style="display:inline-block;width:5.28px"> </div>(iii) through </div><div id="a87371" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:397.3px;">(vi) above are recognized in </div><div id="a87372" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:163.898px;top:397px;">Other comprehensive income</div><div id="a87373" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:329.978px;top:397.3px;"><div style="display:inline-block;width:3.79px"> </div>within </div><div id="a87375" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:373.525px;top:397px;">Equity</div><div id="a87377" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:408.072px;top:397.3px;">. </div><div id="a87379" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:420.4px;">UBS<div style="display:inline-block;width:6.03px"> </div>reflects<div style="display:inline-block;width:5.2px"> </div>the<div style="display:inline-block;width:5.72px"> </div>potential<div style="display:inline-block;width:5.77px"> </div>effect<div style="display:inline-block;width:5.25px"> </div>of<div style="display:inline-block;width:5.72px"> </div>uncertain<div style="display:inline-block;width:5.67px"> </div>tax<div style="display:inline-block;width:5.32px"> </div>positions<div style="display:inline-block;width:6.22px"> </div>for<div style="display:inline-block;width:5.57px"> </div>which<div style="display:inline-block;width:5.4px"> </div>acceptance<div style="display:inline-block;width:5.32px"> </div>by<div style="display:inline-block;width:5.67px"> </div>the<div style="display:inline-block;width:5.72px"> </div>relevant<div style="display:inline-block;width:5.5px"> </div>tax<div style="display:inline-block;width:5.32px"> </div>authority<div style="display:inline-block;width:5.52px"> </div>is<div style="display:inline-block;width:5.62px"> </div>not </div><div id="a87380" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:435.6px;">considered probable by adjusting current or deferred<div style="display:inline-block;width:2.29px"> </div>taxes, as applicable,<div style="display:inline-block;width:2.14px"> </div>using either the most likely<div style="display:inline-block;width:1.66px"> </div>amount or expected </div><div id="a87381" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:450.7px;">value methods,<div style="display:inline-block;width:5.69px"> </div>depending on<div style="display:inline-block;width:5.4px"> </div>which method<div style="display:inline-block;width:5.34px"> </div>is deemed<div style="display:inline-block;width:5.03px"> </div>a better predictor<div style="display:inline-block;width:5.23px"> </div>of the<div style="display:inline-block;width:5.4px"> </div>basis on<div style="display:inline-block;width:5.43px"> </div>which, and<div style="display:inline-block;width:5.54px"> </div>extent to which, </div><div id="a87383" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:466.3px;">the uncertainty will be resolved.</div></div></div></div><div id="TextBlockContainer238" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:777px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_228_XBRL_TS_af7beb93a7db477d8f156d326a360619" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer229" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:182px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a87464" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">7)<div style="display:inline-block;width:3.83px"> </div>Property, equipment and software </div><div id="a87468" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:23.3px;">Property,<div style="display:inline-block;width:5.79px"> </div>equipment and<div style="display:inline-block;width:5.64px"> </div>software</div><div id="a87469" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:201.765px;top:23.5px;"><div style="display:inline-block;width:4.25px"> </div>is measured<div style="display:inline-block;width:5.67px"> </div>at<div style="display:inline-block;width:5.05px"> </div>cost less<div style="display:inline-block;width:5.2px"> </div>accumulated dep<div style="display:inline-block;width:1.82px"> </div>reciation<div style="display:inline-block;width:5.13px"> </div>and impairment<div style="display:inline-block;width:5.29px"> </div>losses. Software </div><div id="a87477" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.7px;">development costs are capitalized<div style="display:inline-block;width:5.27px"> </div>only when the costs<div style="display:inline-block;width:5.17px"> </div>can be measured reliably<div style="display:inline-block;width:5.4px"> </div>and it is probable that<div style="display:inline-block;width:5.45px"> </div>future economic </div><div id="a87479" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">benefits<div style="display:inline-block;width:5.72px"> </div>will<div style="display:inline-block;width:5.47px"> </div>arise.<div style="display:inline-block;width:5.57px"> </div>Depreciation<div style="display:inline-block;width:6.43px"> </div>of<div style="display:inline-block;width:5.72px"> </div>property,<div style="display:inline-block;width:7.18px"> </div>equipment<div style="display:inline-block;width:6.07px"> </div>and<div style="display:inline-block;width:6.08px"> </div>software<div style="display:inline-block;width:5.34px"> </div>begins<div style="display:inline-block;width:6.23px"> </div>when<div style="display:inline-block;width:6px"> </div>they<div style="display:inline-block;width:5.52px"> </div>are<div style="display:inline-block;width:5.78px"> </div>available<div style="display:inline-block;width:5.36px"> </div>for<div style="display:inline-block;width:5.57px"> </div>use<div style="display:inline-block;width:6px"> </div>and<div style="display:inline-block;width:6.08px"> </div>is </div><div id="a87485" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:69.4px;">calculated on a straight line basis over an<div style="display:inline-block;width:5.15px"> </div>asset’s estimated useful life.<div style="display:inline-block;width:5.49px"> </div></div><div id="a87488" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:92.1px;">Property,<div style="display:inline-block;width:6.03px"> </div>equipment<div style="display:inline-block;width:6.07px"> </div>and<div style="display:inline-block;width:5.61px"> </div>software<div style="display:inline-block;width:5.81px"> </div>are<div style="display:inline-block;width:5.29px"> </div>generally<div style="display:inline-block;width:5.52px"> </div>tested<div style="display:inline-block;width:5.81px"> </div>for<div style="display:inline-block;width:5.57px"> </div>impairment<div style="display:inline-block;width:5.73px"> </div>at<div style="display:inline-block;width:5.52px"> </div>the<div style="display:inline-block;width:5.72px"> </div>appropriate<div style="display:inline-block;width:5.69px"> </div>cash-generating<div style="display:inline-block;width:6.12px"> </div>unit<div style="display:inline-block;width:5.82px"> </div>level, </div><div id="a87493" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.3px;">alongside goodwill and intangible assets as described in item 8 in this<div style="display:inline-block;width:2.2px"> </div>Note. An impairment charge is recognized for such </div><div id="a87501" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:122.9px;">assets<div style="display:inline-block;width:5.67px"> </div>if<div style="display:inline-block;width:5.92px"> </div>the<div style="display:inline-block;width:5.72px"> </div>recoverable<div style="display:inline-block;width:5.98px"> </div>amount<div style="display:inline-block;width:5.98px"> </div>is<div style="display:inline-block;width:5.71px"> </div>below<div style="display:inline-block;width:6.08px"> </div>its<div style="display:inline-block;width:5.94px"> </div>carrying<div style="display:inline-block;width:5.74px"> </div>amount.<div style="display:inline-block;width:6.08px"> </div>The<div style="display:inline-block;width:6.01px"> </div>recoverable<div style="display:inline-block;width:5.98px"> </div>amounts<div style="display:inline-block;width:6.56px"> </div>of<div style="display:inline-block;width:5.72px"> </div>such<div style="display:inline-block;width:5.93px"> </div>assets,<div style="display:inline-block;width:5.77px"> </div>other<div style="display:inline-block;width:5.77px"> </div>than </div><div id="a87509" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:138px;">property that has<div style="display:inline-block;width:5.8px"> </div>a market price, are<div style="display:inline-block;width:5.46px"> </div>generally determined<div style="display:inline-block;width:5.19px"> </div>using a<div style="display:inline-block;width:5.38px"> </div>replacement cost approach<div style="display:inline-block;width:5.4px"> </div>that reflects the amount </div><div id="a87512" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:153.1px;">that would be currently required by a market participant to replace the service capacity<div style="display:inline-block;width:5.21px"> </div>of the asset. If such assets are no </div><div id="a87515" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:168.8px;">longer used, they are tested individually for impairment.</div></div></div><div id="a87515_57_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:322.885px;top:168.8px;"> </div><div id="a87517" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:180.5px;">›</div><div id="a87518" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:180.7px;"> </div><div id="a87519" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:185.3px;">Refer to Note 11<div style="display:inline-block;width:1.6px"> </div>for more information </div><div id="div_230_XBRL_TS_276fa05177064138b0afdbf5d892324f" style="position:absolute;left:0px;top:213.4px;float:left;"><div id="TextBlockContainer231" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:121px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a87527" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">8) Goodwill </div><div id="a87530" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23.5px;">Goodwill<div style="display:inline-block;width:5.5px"> </div>represents<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.35px"> </div>excess of<div style="display:inline-block;width:6.94px"> </div>the<div style="display:inline-block;width:5.25px"> </div>consideration over<div style="display:inline-block;width:5.97px"> </div>the<div style="display:inline-block;width:5.25px"> </div>fair<div style="display:inline-block;width:5.26px"> </div>value<div style="display:inline-block;width:5.1px"> </div>of<div style="display:inline-block;width:5.72px"> </div>identifiable assets,<div style="display:inline-block;width:5.29px"> </div>liabilities and<div style="display:inline-block;width:6.13px"> </div>contingent </div><div id="a87533" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.7px;">liabilities acquired that arises in a<div style="display:inline-block;width:5.04px"> </div>business combination.<div style="display:inline-block;width:3.61px"> </div>Goodwill is not amortized, but is assessed for<div style="display:inline-block;width:5.37px"> </div>impairment at the </div><div id="a87541" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:54.3px;">end<div style="display:inline-block;width:6.55px"> </div>of<div style="display:inline-block;width:6.67px"> </div>each<div style="display:inline-block;width:6.15px"> </div>reporting<div style="display:inline-block;width:5.69px"> </div>period,<div style="display:inline-block;width:6.26px"> </div>or<div style="display:inline-block;width:6.67px"> </div>when<div style="display:inline-block;width:6.18px"> </div>indicators<div style="display:inline-block;width:5.61px"> </div>of<div style="display:inline-block;width:6.67px"> </div>impairment<div style="display:inline-block;width:5.73px"> </div>exist.<div style="display:inline-block;width:5.96px"> </div>UBS<div style="display:inline-block;width:6.5px"> </div>tests<div style="display:inline-block;width:5.94px"> </div>goodwill<div style="display:inline-block;width:6.28px"> </div>for<div style="display:inline-block;width:6.52px"> </div>impairment<div style="display:inline-block;width:5.73px"> </div>annually, </div><div id="a87549" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:69.4px;">irrespective of whether<div style="display:inline-block;width:2.24px"> </div>there is any indication<div style="display:inline-block;width:1.48px"> </div>of impairment.<div style="display:inline-block;width:1.95px"> </div></div><div id="a87552" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:92.1px;">An impairment charge is recognized in the income<div style="display:inline-block;width:2.21px"> </div>statement if the carrying<div style="display:inline-block;width:2.27px"> </div>amount exceeds the recoverable amount<div style="display:inline-block;width:1.84px"> </div>of a </div><div id="a87556" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.3px;">cash-generating<div style="display:inline-block;width:2.22px"> </div>unit.</div></div></div><div id="a87556_21_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:123.192px;top:320.6px;"><div style="display:inline-block;width:3.32px"> </div></div><div id="a87561" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:336.2px;"> </div><div id="div_232_XBRL_TS_176520361c2d412bbd7fc0e3f8a6993a" style="position:absolute;left:8.793px;top:356px;float:left;"><div id="TextBlockContainer233" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:219px;height:10px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a87562" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Critical accounting estimates and judgments</div></div></div><div id="div_234_XBRL_TS_8ad91209724e4a1d9c6185b48d5c7284" style="position:absolute;left:8.793px;top:378px;float:left;"><div id="TextBlockContainer235" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:674px;height:90px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a87565" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:0px;">UBS‘s methodology<div style="display:inline-block;width:4.69px"> </div>for goodwill<div style="display:inline-block;width:4.94px"> </div>impairment testing<div style="display:inline-block;width:4.64px"> </div>is based<div style="display:inline-block;width:4.16px"> </div>on a<div style="display:inline-block;width:4.4px"> </div>model that<div style="display:inline-block;width:4.25px"> </div>is most<div style="display:inline-block;width:4.25px"> </div>sensitive to<div style="display:inline-block;width:4.65px"> </div>the following<div style="display:inline-block;width:4.23px"> </div>key assumptions<div style="display:inline-block;width:2.22px"> </div>:<div style="display:inline-block;width:3.39px"> </div>(i) forecasts of<div style="display:inline-block;width:4.43px"> </div>earnings </div><div id="a87569" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:13.3px;">available to shareholders<div style="display:inline-block;width:4.17px"> </div>in years one to three; (ii) changes in<div style="display:inline-block;width:4.29px"> </div>the discount rates; and (iii) changes in<div style="display:inline-block;width:4.18px"> </div>the long-term growth rate.<div style="display:inline-block;width:3.33px"> </div></div><div id="a87578" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:26.5px;">Earnings available to shareholders<div style="display:inline-block;width:4.61px"> </div>are estimated on<div style="display:inline-block;width:4.19px"> </div>the basis of forecast<div style="display:inline-block;width:4.11px"> </div>results, which are part<div style="display:inline-block;width:4.45px"> </div>of the business plan approved<div style="display:inline-block;width:4.53px"> </div>by the BoD. The discount </div><div id="a87582" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:39.8px;">rates<div style="display:inline-block;width:4.18px"> </div>and growth<div style="display:inline-block;width:5.36px"> </div>rates are<div style="display:inline-block;width:4.91px"> </div>determined using<div style="display:inline-block;width:5.02px"> </div>external information,<div style="display:inline-block;width:5.29px"> </div>and also<div style="display:inline-block;width:4.9px"> </div>considering inputs<div style="display:inline-block;width:5px"> </div>from both<div style="display:inline-block;width:4.9px"> </div>internal and<div style="display:inline-block;width:4.85px"> </div>external analysts<div style="display:inline-block;width:5.03px"> </div>and the<div style="display:inline-block;width:4.79px"> </div>view of </div><div id="a87587" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:53.5px;">management.<div style="display:inline-block;width:3.41px"> </div></div><div id="a87589" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:66.7px;">The key assumptions<div style="display:inline-block;width:4.47px"> </div>used to determine<div style="display:inline-block;width:4.55px"> </div>the recoverable amounts<div style="display:inline-block;width:4.58px"> </div>of each cash-generating<div style="display:inline-block;width:4.5px"> </div>unit are tested<div style="display:inline-block;width:4.19px"> </div>for sensitivity by applying<div style="display:inline-block;width:4.64px"> </div>reasonably possible </div><div id="a87592" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:79.9px;">changes to those assumptions.</div></div></div><div id="a87592_29_2" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;color:#000000;left:143.971px;top:458px;"><div style="display:inline-block;width:2.43px"> </div></div><div id="a87595" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:466.7px;">›</div><div id="a87596" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:466.9px;"> </div><div id="a87597" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:471.5px;">Refer to Notes 2 and<div style="display:inline-block;width:1.3px"> </div>12 for more information<div style="display:inline-block;width:0.73px"> </div></div><div id="div_236_XBRL_TS_fc23aab9f67345da9431efb2e1909186" style="position:absolute;left:0px;top:504.3px;float:left;"><div id="TextBlockContainer237" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:273px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a87605" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">9)<div style="display:inline-block;width:3.83px"> </div>Provisions and contingent liabilities </div><div id="a87608" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23px;">Provisions are liabilities<div style="display:inline-block;width:1.57px"> </div>of uncertain timing or<div style="display:inline-block;width:1.71px"> </div>amount, and are<div style="display:inline-block;width:2.27px"> </div>generally recognized<div style="display:inline-block;width:2.29px"> </div>in accordance with<div style="display:inline-block;width:1.86px"> </div>IAS 37, </div><div id="a87614" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:626.205px;top:22.8px;">Provisions, </div><div id="a87615" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:37.9px;">Contingent<div style="display:inline-block;width:5.31px"> </div>Liabilities and<div style="display:inline-block;width:5.56px"> </div>Contingent<div style="display:inline-block;width:5.28px"> </div>Assets</div><div id="a87618" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:258.538px;top:38.2px;">, when:<div style="display:inline-block;width:6.06px"> </div>(i) UBS has<div style="display:inline-block;width:5.64px"> </div>a present<div style="display:inline-block;width:5.22px"> </div>obligation as<div style="display:inline-block;width:5.9px"> </div>a result<div style="display:inline-block;width:5.39px"> </div>of a<div style="display:inline-block;width:5.36px"> </div>past event;<div style="display:inline-block;width:5.36px"> </div>(ii) it is </div><div id="a87628" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">probable that an outflow of resources<div style="display:inline-block;width:5.54px"> </div>will be required to settle the obligation;<div style="display:inline-block;width:5.46px"> </div>and (iii) a reliable estimate of the amount </div><div id="a87631" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:68.9px;">of the obligation can be<div style="display:inline-block;width:5.04px"> </div>made.<div style="display:inline-block;width:3.59px"> </div></div><div id="a87633" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:92.1px;">The majority of UBS’s provisions relate to litigation,<div style="display:inline-block;width:5.05px"> </div>regulatory and similar matters, restructuring, and<div style="display:inline-block;width:5.23px"> </div>employee benefits. </div><div id="a87634" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.2px;">Restructuring provisions<div style="display:inline-block;width:6.5px"> </div>are generally<div style="display:inline-block;width:5.23px"> </div>recognized<div style="display:inline-block;width:5.12px"> </div>as a<div style="display:inline-block;width:5.36px"> </div>consequence<div style="display:inline-block;width:5.14px"> </div>of management<div style="display:inline-block;width:5.98px"> </div>agreeing to<div style="display:inline-block;width:5.94px"> </div>materially change<div style="display:inline-block;width:5.68px"> </div>the </div><div id="a87636" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:122.4px;">scope of<div style="display:inline-block;width:5.13px"> </div>the business<div style="display:inline-block;width:5.53px"> </div>or the manner<div style="display:inline-block;width:5.61px"> </div>in which<div style="display:inline-block;width:5.61px"> </div>it is conducted,<div style="display:inline-block;width:6.13px"> </div>including changes<div style="display:inline-block;width:5.78px"> </div>in management<div style="display:inline-block;width:5.08px"> </div>structures. Provisions </div><div id="a87637" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:138px;">for employee benefits relate<div style="display:inline-block;width:5.22px"> </div>mainly to service anniversaries<div style="display:inline-block;width:5.32px"> </div>and sabbatical leave,<div style="display:inline-block;width:5.03px"> </div>and are<div style="display:inline-block;width:5.17px"> </div>recognized in accordance<div style="display:inline-block;width:5.03px"> </div>with </div><div id="a87639" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:153.1px;">measurement principles<div style="display:inline-block;width:5.37px"> </div>set out<div style="display:inline-block;width:5.45px"> </div>in item 4<div style="display:inline-block;width:5.43px"> </div>in this Note.<div style="display:inline-block;width:5.81px"> </div>In addition,<div style="display:inline-block;width:5.96px"> </div>UBS presents<div style="display:inline-block;width:5.62px"> </div>expected credit loss<div style="display:inline-block;width:5.75px"> </div>allowances within </div><div id="a87642" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:168px;">Provisions</div><div id="a87643" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:60.266px;top:168.3px;"><div style="display:inline-block;width:3.78px"> </div>if they relate to a loan commitment,<div style="display:inline-block;width:5.03px"> </div>financial guarantee contract or<div style="display:inline-block;width:5.14px"> </div>a revolving revocable credit line. </div><div id="a87647" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:191.5px;">IAS 37 provisions are measured<div style="display:inline-block;width:1.96px"> </div>considering the best<div style="display:inline-block;width:1.8px"> </div>estimate<div style="display:inline-block;width:2.32px"> </div>of the consideration<div style="display:inline-block;width:2.07px"> </div>required to settle<div style="display:inline-block;width:1.52px"> </div>the present obligation </div><div id="a87650" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:206.6px;">at the balance sheet date.<div style="display:inline-block;width:5.01px"> </div></div><div id="a87652" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:229.3px;">When conditions required to recognize a provision<div style="display:inline-block;width:5.13px"> </div>are not met, a contingent liability is disclosed, unless the likelihood of </div><div id="a87654" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:244.4px;">an outflow<div style="display:inline-block;width:6.28px"> </div>of resources<div style="display:inline-block;width:5.83px"> </div>is remote.<div style="display:inline-block;width:5.94px"> </div>Contingent liabilities<div style="display:inline-block;width:5.53px"> </div>are also<div style="display:inline-block;width:6.01px"> </div>disclosed<div style="display:inline-block;width:5.02px"> </div>for possible<div style="display:inline-block;width:6.17px"> </div>obligations<div style="display:inline-block;width:5.32px"> </div>that arise<div style="display:inline-block;width:5.47px"> </div>from past </div><div id="a87656" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:259.6px;">events, the existence of which will<div style="display:inline-block;width:5.02px"> </div>be confirmed only by uncertain future<div style="display:inline-block;width:5.09px"> </div>events not wholly within the<div style="display:inline-block;width:5.37px"> </div>control of UBS.</div></div></div></div><div id="TextBlockContainer248" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:509px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_244_XBRL_TS_f76ea7e435a9412cb6f356021a4cd446" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer245" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:289px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a87735" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">10)<div style="display:inline-block;width:4.03px"> </div>Foreign currency translation </div><div id="a87739" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23px;">Transactions<div style="display:inline-block;width:5.56px"> </div>denominated in a foreign<div style="display:inline-block;width:5.23px"> </div>currency are translated into the<div style="display:inline-block;width:5.52px"> </div>functional currency of the reporting<div style="display:inline-block;width:5.55px"> </div>entity at the </div><div id="a87740" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.2px;">spot<div style="display:inline-block;width:5.03px"> </div>exchange rate<div style="display:inline-block;width:6.15px"> </div>on<div style="display:inline-block;width:5.13px"> </div>the date<div style="display:inline-block;width:5.88px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the transaction.<div style="display:inline-block;width:6.29px"> </div>At the<div style="display:inline-block;width:5.83px"> </div>balance<div style="display:inline-block;width:5.3px"> </div>sheet date,<div style="display:inline-block;width:6.5px"> </div>all monetary<div style="display:inline-block;width:6.26px"> </div>assets,<div style="display:inline-block;width:5.17px"> </div>including<div style="display:inline-block;width:5.7px"> </div>those<div style="display:inline-block;width:5.03px"> </div>at </div><div id="a87742" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">FVOCI,<div style="display:inline-block;width:5.03px"> </div>and<div style="display:inline-block;width:5.61px"> </div>monetary liabilities<div style="display:inline-block;width:6.48px"> </div>denominated<div style="display:inline-block;width:5.8px"> </div>in<div style="display:inline-block;width:5.3px"> </div>foreign<div style="display:inline-block;width:5.16px"> </div>currency are<div style="display:inline-block;width:6.54px"> </div>translated<div style="display:inline-block;width:5.75px"> </div>into<div style="display:inline-block;width:5.35px"> </div>the<div style="display:inline-block;width:5.25px"> </div>functional<div style="display:inline-block;width:5.29px"> </div>currency using<div style="display:inline-block;width:7.01px"> </div>the </div><div id="a87752" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:68.9px;">closing exchange rate. Translation<div style="display:inline-block;width:6.74px"> </div>differences are<div style="display:inline-block;width:5.56px"> </div>reported in </div><div id="a87754" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:356.965px;top:68.7px;">Other net income<div style="display:inline-block;width:5.19px"> </div>from financial instruments<div style="display:inline-block;width:5.35px"> </div>measured at </div><div id="a87756" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:84.3px;">fair value through profit or loss</div><div id="a87758" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:181.392px;top:84.5px;">. </div><div id="a87760" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.3px;">Non-monetary items measured<div style="display:inline-block;width:5.14px"> </div>at historical cost are translated at the exchange<div style="display:inline-block;width:5.38px"> </div>rate on the date of the<div style="display:inline-block;width:5.07px"> </div>transaction.<div style="display:inline-block;width:4.16px"> </div></div><div id="a87764" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:130px;">Upon consolidation,<div style="display:inline-block;width:1.56px"> </div>assets and liabilities<div style="display:inline-block;width:0.55px"> </div>of foreign<div style="display:inline-block;width:2.01px"> </div>operations are<div style="display:inline-block;width:2.06px"> </div>translated<div style="display:inline-block;width:2.25px"> </div>into US dollars,<div style="display:inline-block;width:1.49px"> </div>UBS’s presentation<div style="display:inline-block;width:1.62px"> </div>currency,<div style="display:inline-block;width:2px"> </div>at </div><div id="a87769" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:145.1px;">the closing exchange rate<div style="display:inline-block;width:1.92px"> </div>on the balance sheet date,<div style="display:inline-block;width:2.16px"> </div>and income and expense<div style="display:inline-block;width:1.79px"> </div>items and other comprehensive<div style="display:inline-block;width:1.68px"> </div>income are </div><div id="a87770" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.2px;">translated at the average<div style="display:inline-block;width:2.31px"> </div>rate for the period.<div style="display:inline-block;width:2.29px"> </div>The resulting foreign<div style="display:inline-block;width:2.17px"> </div>currency translation<div style="display:inline-block;width:1.24px"> </div>differences are recognized<div style="display:inline-block;width:2.26px"> </div>in </div><div id="a87771" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:652.218px;top:160px;">Equity</div><div id="a87772" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:685.352px;top:160.2px;"> </div><div id="a87773" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:175.8px;">and reclassified<div style="display:inline-block;width:2.15px"> </div>to the income<div style="display:inline-block;width:1.67px"> </div>statement when<div style="display:inline-block;width:1.67px"> </div>UBS disposes<div style="display:inline-block;width:2.06px"> </div>of, partially<div style="display:inline-block;width:2px"> </div>or in its<div style="display:inline-block;width:2.04px"> </div>entirety, the<div style="display:inline-block;width:2.09px"> </div>foreign<div style="display:inline-block;width:2.33px"> </div>operation and<div style="display:inline-block;width:1.85px"> </div>UBS no </div><div id="a87775" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:191px;">longer controls the<div style="display:inline-block;width:2.31px"> </div>foreign operation. </div><div id="a87777" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:214.2px;">Share<div style="display:inline-block;width:3.39px"> </div>capital issued,<div style="display:inline-block;width:2.14px"> </div>share premium and treasury<div style="display:inline-block;width:1.53px"> </div>shares held are translated<div style="display:inline-block;width:1.45px"> </div>at the historic average<div style="display:inline-block;width:2.31px"> </div>rate, with the<div style="display:inline-block;width:2.09px"> </div>difference </div><div id="a87787" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:229.3px;">between the historic average<div style="display:inline-block;width:2.25px"> </div>rate and the<div style="display:inline-block;width:2.34px"> </div>spot rate realized upon<div style="display:inline-block;width:1.94px"> </div>repayment of share<div style="display:inline-block;width:2px"> </div>capital or disposal<div style="display:inline-block;width:2.28px"> </div>of treasury shares </div><div id="a87794" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:244.4px;">reported as </div><div id="a87795" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:70.198px;top:244.2px;">Share premium.</div><div id="a87796" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:158.218px;top:244.4px;"><div style="display:inline-block;width:2.84px"> </div>Cumulative<div style="display:inline-block;width:2.2px"> </div>amounts<div style="display:inline-block;width:2.24px"> </div>recognized in </div><div id="a87799" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:356.018px;top:244.2px;">Other<div style="display:inline-block;width:2.16px"> </div>comprehensive<div style="display:inline-block;width:1.93px"> </div>income</div><div id="a87800" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:517.845px;top:244.4px;"><div style="display:inline-block;width:3.32px"> </div>in respect<div style="display:inline-block;width:1.13px"> </div>of cash<div style="display:inline-block;width:1.62px"> </div>flow hedges </div><div id="a87803" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:259.6px;">and financial assets measured<div style="display:inline-block;width:2.25px"> </div>at FVOCI are translated<div style="display:inline-block;width:1.87px"> </div>at the closing exchange rate as<div style="display:inline-block;width:1.62px"> </div>of the balance sheet dates, with<div style="display:inline-block;width:2.11px"> </div>any </div><div id="a87814" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:275.2px;">translation effects<div style="display:inline-block;width:2.08px"> </div>adjusted through </div><div id="a87815" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:206.485px;top:274.9px;">Retained earnings</div><div id="a87816" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:305.858px;top:275.2px;">.</div></div></div><div id="a87816_1_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:309.178px;top:275.2px;"> </div><div id="a87818" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:286.9px;">›</div><div id="a87819" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:287.1px;"> </div><div id="a87820" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:291.8px;">Refer to Note 32<div style="display:inline-block;width:1.6px"> </div>for more information </div><div id="div_246_XBRL_TS_876ca209932343b9a0822e0aa156ec7a" style="position:absolute;left:0px;top:319.8px;float:left;"><div id="TextBlockContainer247" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:189px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a87827" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">11)<div style="display:inline-block;width:4.03px"> </div>Equity, treasury shares and contracts on UBS<div style="display:inline-block;width:5.6px"> </div>Group AG shares </div><div id="a87833" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23.5px;">Proceeds from<div style="display:inline-block;width:5.15px"> </div>the issuance<div style="display:inline-block;width:5.08px"> </div>of shares<div style="display:inline-block;width:5.39px"> </div>are recognized<div style="display:inline-block;width:5.31px"> </div>in </div><div id="a87837" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:323.365px;top:23.3px;">Share capital</div><div id="a87838" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:395.312px;top:23.5px;"><div style="display:inline-block;width:4.25px"> </div>for the nominal<div style="display:inline-block;width:5.6px"> </div>value, with the<div style="display:inline-block;width:5.51px"> </div>balance presented </div><div id="a87840" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.7px;">in </div><div id="a87841" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:19.093px;top:38.4px;">Share premium</div><div id="a87842" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:105.218px;top:38.7px;">. </div><div id="a87844" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.3px;">UBS Group AG shares held<div style="display:inline-block;width:5.41px"> </div>(treasury shares) </div><div id="a87846" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.5px;">UBS Group<div style="display:inline-block;width:5.78px"> </div>AG shares held<div style="display:inline-block;width:5.74px"> </div>by the Group<div style="display:inline-block;width:1.42px"> </div>,<div style="display:inline-block;width:4.36px"> </div>including those<div style="display:inline-block;width:5.16px"> </div>purchased as<div style="display:inline-block;width:5.15px"> </div>part of market-making<div style="display:inline-block;width:5.51px"> </div>activities, are<div style="display:inline-block;width:5.07px"> </div>presented </div><div id="a87853" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:92.1px;">in </div><div id="a87854" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:20.038px;top:91.9px;">Equity</div><div id="a87855" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:54.592px;top:92.1px;"><div style="display:inline-block;width:4.73px"> </div>as </div><div id="a87857" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:75.873px;top:91.9px;">Treasury<div style="display:inline-block;width:5.45px"> </div>shares</div><div id="a87858" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:162.952px;top:92.1px;"><div style="display:inline-block;width:4.73px"> </div>at their<div style="display:inline-block;width:5.44px"> </div>acquisition<div style="display:inline-block;width:5.39px"> </div>cost and<div style="display:inline-block;width:6.08px"> </div>are deducted<div style="display:inline-block;width:5.85px"> </div>from </div><div id="a87863" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:444.965px;top:91.9px;">Equity</div><div id="a87864" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:479.512px;top:92.1px;"><div style="display:inline-block;width:4.73px"> </div>until they<div style="display:inline-block;width:5.67px"> </div>are canceled<div style="display:inline-block;width:6.23px"> </div>or reissued. </div><div id="a87866" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.3px;">The difference between<div style="display:inline-block;width:5.14px"> </div>the proceeds from sales of<div style="display:inline-block;width:5.41px"> </div>treasury shares and<div style="display:inline-block;width:5.08px"> </div>their weighted average cost (net of tax,<div style="display:inline-block;width:5.29px"> </div>if any) is </div><div id="a87868" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:122.9px;">reported as </div><div id="a87869" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:73.036px;top:122.6px;">Share premium</div><div id="a87870" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:159.645px;top:122.9px;">. </div><div id="a87872" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:145.6px;">Contracts on UBS Group AG<div style="display:inline-block;width:5.07px"> </div>shares </div><div id="a87874" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.7px;">Contracts involving<div style="display:inline-block;width:5.41px"> </div>UBS Group<div style="display:inline-block;width:6.25px"> </div>AG shares<div style="display:inline-block;width:5.74px"> </div>that require<div style="display:inline-block;width:5.67px"> </div>net cash<div style="display:inline-block;width:5.4px"> </div>settlement, or<div style="display:inline-block;width:6.16px"> </div>provide<div style="display:inline-block;width:5.14px"> </div>the counterparty<div style="display:inline-block;width:5.62px"> </div>or UBS<div style="display:inline-block;width:5.31px"> </div>with a </div><div id="a87881" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:175.9px;">settlement option that includes a choice of<div style="display:inline-block;width:5.14px"> </div>settling net in cash, are classified<div style="display:inline-block;width:5.2px"> </div>as derivatives held for trading.</div></div></div></div> <div id="TextBlockContainer99" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:143px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a83963" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Basis of accounting </div><div id="a83965" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23.1px;">The Financial<div style="display:inline-block;width:5.67px"> </div>Statements have<div style="display:inline-block;width:5.89px"> </div>been<div style="display:inline-block;width:5.13px"> </div>prepared<div style="display:inline-block;width:5.51px"> </div>in accordance<div style="display:inline-block;width:5.49px"> </div>with International<div style="display:inline-block;width:5.85px"> </div>Financial Reporting<div style="display:inline-block;width:6.54px"> </div>Standards<div style="display:inline-block;width:5.32px"> </div>(IFRS), as </div><div id="a83968" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.2px;">issued by the International Accounting Standards<div style="display:inline-block;width:5.64px"> </div>Board (the IASB),<div style="display:inline-block;width:5.52px"> </div>and are presented in US<div style="display:inline-block;width:5.06px"> </div>dollars (USD). </div><div id="a83972" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61.4px;">Disclosures marked as audited in<div style="display:inline-block;width:5.06px"> </div>the “Risk, capital, liquidity and funding,<div style="display:inline-block;width:5.68px"> </div>and balance sheet” section of this report<div style="display:inline-block;width:5.14px"> </div>form </div><div id="a83978" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.5px;">an integral part of the Financial Statements. These disclosures relate to requirements under<div style="display:inline-block;width:5.31px"> </div>IFRS 7, </div><div id="a83984" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:563.285px;top:76.2px;">Financial Instruments: </div><div id="a83985" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:91.4px;">Disclosures,</div><div id="a83987" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:70.67px;top:91.7px;"><div style="display:inline-block;width:3.78px"> </div>and IAS 1, </div><div id="a83989" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:137.418px;top:91.4px;">Presentation of Financial Statements, </div><div id="a83992" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:350.352px;top:91.7px;">and are not repeated<div style="display:inline-block;width:5.17px"> </div>in this section.<div style="display:inline-block;width:3.84px"> </div></div><div id="a83994" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:114.4px;">The<div style="display:inline-block;width:5.4px"> </div>accounting<div style="display:inline-block;width:5.55px"> </div>policies<div style="display:inline-block;width:5.14px"> </div>described<div style="display:inline-block;width:5.87px"> </div>in<div style="display:inline-block;width:5.3px"> </div>this<div style="display:inline-block;width:5.2px"> </div>Note<div style="display:inline-block;width:5.4px"> </div>have<div style="display:inline-block;width:5.2px"> </div>been<div style="display:inline-block;width:5.61px"> </div>applied<div style="display:inline-block;width:5.6px"> </div>consistently<div style="display:inline-block;width:5.27px"> </div>in<div style="display:inline-block;width:5.3px"> </div>all<div style="display:inline-block;width:5.46px"> </div>years presented<div style="display:inline-block;width:7.07px"> </div>unless<div style="display:inline-block;width:5.63px"> </div>otherwise </div><div id="a84001" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:129.5px;">stated in Note 1b.</div></div> <div id="TextBlockContainer101" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:219px;height:10px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a84005" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Critical accounting estimates and judgments</div></div><div id="TextBlockContainer103" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:677px;height:197px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a84007" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:0px;">Preparation of these<div style="display:inline-block;width:0.71px"> </div>Financial<div style="display:inline-block;width:0.95px"> </div>Statements under<div style="display:inline-block;width:0.62px"> </div>IFRS requires<div style="display:inline-block;width:1.22px"> </div>management to<div style="display:inline-block;width:1.17px"> </div>apply judgment<div style="display:inline-block;width:0.92px"> </div>and make<div style="display:inline-block;width:1.09px"> </div>estimates<div style="display:inline-block;width:1.42px"> </div>and assumptions that<div style="display:inline-block;width:0.55px"> </div>affect reported<div style="display:inline-block;width:0.76px"> </div>amounts </div><div id="a84010" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:13.2px;">of assets, liabilities, income and expenses,<div style="display:inline-block;width:1.82px"> </div>and disclosure of contingent assets and liabilities,<div style="display:inline-block;width:1.14px"> </div>and may involve significant uncertainty<div style="display:inline-block;width:1.1px"> </div>at the time they are made. </div><div id="a84015" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:26.5px;">Such estimates<div style="display:inline-block;width:0.47px"> </div>and assumptions<div style="display:inline-block;width:0.67px"> </div>are based<div style="display:inline-block;width:0.96px"> </div>on the<div style="display:inline-block;width:1.25px"> </div>best available<div style="display:inline-block;width:0.39px"> </div>information. UBS<div style="display:inline-block;width:0.53px"> </div>regularly reassesses<div style="display:inline-block;width:0.76px"> </div>such estimates<div style="display:inline-block;width:0px;margin-left:-0.29px"> </div>and assumptions,<div style="display:inline-block;width:0.75px"> </div>which encompass<div style="display:inline-block;width:0.14px"> </div>historical </div><div id="a84020" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:40.2px;">experience, expectations of<div style="display:inline-block;width:4.8px"> </div>the future<div style="display:inline-block;width:4.51px"> </div>and other<div style="display:inline-block;width:4.95px"> </div>pertinent factors, to<div style="display:inline-block;width:4.96px"> </div>determine their<div style="display:inline-block;width:4.41px"> </div>continuing relevance based<div style="display:inline-block;width:4.48px"> </div>on current<div style="display:inline-block;width:5.09px"> </div>conditions, updating them<div style="display:inline-block;width:4.29px"> </div>as </div><div id="a84022" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:53.5px;">necessary. Changes<div style="display:inline-block;width:0.89px"> </div>in those<div style="display:inline-block;width:0.38px"> </div>estimates<div style="display:inline-block;width:0.95px"> </div>and assumptions<div style="display:inline-block;width:0px;margin-left:-0.14px"> </div>may have<div style="display:inline-block;width:0.88px"> </div>a significant<div style="display:inline-block;width:0px;margin-left:-0.17px"> </div>effect on<div style="display:inline-block;width:0.89px"> </div>the Financial<div style="display:inline-block;width:0px"> </div>Statements.<div style="display:inline-block;width:0.87px"> </div>Furthermore, actual<div style="display:inline-block;width:0.29px"> </div>results<div style="display:inline-block;width:1.04px"> </div>may differ<div style="display:inline-block;width:0.67px"> </div>significantly </div><div id="a84026" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:66.7px;">from UBS’s estimates,<div style="display:inline-block;width:1.2px"> </div>which could<div style="display:inline-block;width:1.16px"> </div>result in significant<div style="display:inline-block;width:0.64px"> </div>losses to the Group,<div style="display:inline-block;width:0.77px"> </div>beyond what was<div style="display:inline-block;width:1.08px"> </div>anticipated or provided<div style="display:inline-block;width:0.79px"> </div>for.<div style="display:inline-block;width:3.36px"> </div></div><div id="a84028" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:79.9px;">The<div style="display:inline-block;width:4.41px"> </div>following<div style="display:inline-block;width:4.24px"> </div>areas<div style="display:inline-block;width:4.12px"> </div>contain<div style="display:inline-block;width:4.48px"> </div>estimation<div style="display:inline-block;width:4.09px"> </div>uncertainty<div style="display:inline-block;width:4.1px"> </div>or require<div style="display:inline-block;width:5.79px"> </div>critical<div style="display:inline-block;width:4.2px"> </div>judgment and<div style="display:inline-block;width:5.65px"> </div>have<div style="display:inline-block;width:4.26px"> </div>a significant<div style="display:inline-block;width:5.04px"> </div>effect<div style="display:inline-block;width:4.29px"> </div>on amounts<div style="display:inline-block;width:5.96px"> </div>recognized<div style="display:inline-block;width:4.43px"> </div>in<div style="display:inline-block;width:4.09px"> </div>the Financial </div><div id="a84031" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:93.2px;">Statements:<div style="display:inline-block;width:3.27px"> </div></div><div id="a84033" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:106.8px;">–</div><div id="a84034" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:8.882px;top:106.8px;"> </div><div id="a84035" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:106.9px;">expected credit loss measurement<div style="display:inline-block;width:4.45px"> </div>(refer to item 2g in this Note and<div style="display:inline-block;width:4.42px"> </div>to Note 19); </div><div id="a84041" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:120.1px;">–</div><div id="a84042" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:8.882px;top:120px;"> </div><div id="a84043" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:120.1px;">fair value measurement (<div style="display:inline-block;width:1.35px"> </div>refer to item 2f in this Note and<div style="display:inline-block;width:4.13px"> </div>to Note 20); </div><div id="a84050" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:133.3px;">–</div><div id="a84051" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:8.882px;top:133.3px;"> </div><div id="a84052" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:133.4px;">income taxes (refer to item<div style="display:inline-block;width:4.36px"> </div>6 in this Note and to Note 8); </div><div id="a84058" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:146.6px;">–</div><div id="a84059" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:8.882px;top:146.6px;"> </div><div id="a84060" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:146.7px;">provisions and contingent liabilities<div style="display:inline-block;width:4.54px"> </div>(refer to item 9 in this Note and to Note<div style="display:inline-block;width:4.12px"> </div>17); </div><div id="a84070" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:159.8px;">–</div><div id="a84071" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:8.882px;top:159.8px;"> </div><div id="a84072" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:159.9px;">post-employment benefit plans<div style="display:inline-block;width:4.31px"> </div>(refer to item 5 in this Note and to Note 2<div style="display:inline-block;width:1.51px"> </div>6); </div><div id="a84085" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:173.5px;">–</div><div id="a84086" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:8.882px;top:173.5px;"> </div><div id="a84087" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:173.6px;">goodwill (refer<div style="display:inline-block;width:4.11px"> </div>to item 8 in this Note and to Note 12); and </div><div id="a84095" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:186.8px;">–</div><div id="a84096" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:8.882px;top:186.7px;"> </div><div id="a84097" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:186.9px;">consolidation of structured<div style="display:inline-block;width:4.24px"> </div>entities (refer to item 1 in this<div style="display:inline-block;width:4.17px"> </div>Note and to Note 28).</div></div> <div id="TextBlockContainer105" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:227px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a84104" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">1) Consolidation </div><div id="a84106" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23.5px;">The Financial<div style="display:inline-block;width:5.67px"> </div>Statements include<div style="display:inline-block;width:6.21px"> </div>the financial<div style="display:inline-block;width:5.56px"> </div>statements of<div style="display:inline-block;width:5.99px"> </div>the parent<div style="display:inline-block;width:6.17px"> </div>company (UBS<div style="display:inline-block;width:5.82px"> </div>Group AG)<div style="display:inline-block;width:6.05px"> </div>and its<div style="display:inline-block;width:5.5px"> </div>subsidiaries, </div><div id="a84110" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.6px;">presented as<div style="display:inline-block;width:5.47px"> </div>a single economic<div style="display:inline-block;width:5.13px"> </div>entity;<div style="display:inline-block;width:4.07px"> </div>intercompany transactions<div style="display:inline-block;width:5.8px"> </div>and balances have<div style="display:inline-block;width:5.49px"> </div>been eliminated. UBS<div style="display:inline-block;width:5.59px"> </div>consolidates </div><div id="a84114" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:54.2px;">all entities that<div style="display:inline-block;width:5.78px"> </div>it controls,<div style="display:inline-block;width:5.44px"> </div>including<div style="display:inline-block;width:5.23px"> </div>structured entities<div style="display:inline-block;width:5.31px"> </div>(SEs), which<div style="display:inline-block;width:5.87px"> </div>is the case<div style="display:inline-block;width:5.72px"> </div>when it<div style="display:inline-block;width:5.08px"> </div>has:<div style="display:inline-block;width:4.73px"> </div>(i) power over<div style="display:inline-block;width:5.24px"> </div>the relevant </div><div id="a84121" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:69.4px;">activities of<div style="display:inline-block;width:5.8px"> </div>the entity;<div style="display:inline-block;width:5.61px"> </div>(ii) exposure<div style="display:inline-block;width:5.37px"> </div>to an<div style="display:inline-block;width:5.56px"> </div>entity‘s variable<div style="display:inline-block;width:5.25px"> </div>returns; and<div style="display:inline-block;width:5.85px"> </div>(iii) the ability<div style="display:inline-block;width:5.87px"> </div>to use<div style="display:inline-block;width:5.61px"> </div>its power<div style="display:inline-block;width:5.45px"> </div>to affect<div style="display:inline-block;width:5.05px"> </div>its own </div><div id="a84136" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:84.5px;">returns. </div><div id="a84138" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.7px;">Consideration is given to all facts<div style="display:inline-block;width:2.06px"> </div>and circumstances to determine whether the Group has power over another entity,<div style="display:inline-block;width:1.77px"> </div>i.e., </div><div id="a84146" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:122.8px;">the current ability to direct the relevant activities<div style="display:inline-block;width:5.22px"> </div>of an entity when decisions<div style="display:inline-block;width:5.31px"> </div>about those activities need to be<div style="display:inline-block;width:5.21px"> </div>made.<div style="display:inline-block;width:4.35px"> </div></div><div id="a84148" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:145.6px;">Subsidiaries,<div style="display:inline-block;width:5.58px"> </div>including<div style="display:inline-block;width:5.7px"> </div>SEs,<div style="display:inline-block;width:5.36px"> </div>are consolidated<div style="display:inline-block;width:6.83px"> </div>from<div style="display:inline-block;width:5.18px"> </div>the date<div style="display:inline-block;width:6.35px"> </div>when<div style="display:inline-block;width:5.24px"> </div>control<div style="display:inline-block;width:5.43px"> </div>is gained<div style="display:inline-block;width:6.48px"> </div>and<div style="display:inline-block;width:5.61px"> </div>deconsolidated<div style="display:inline-block;width:5.43px"> </div>from<div style="display:inline-block;width:5.18px"> </div>the<div style="display:inline-block;width:5.25px"> </div>date </div><div id="a84152" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.7px;">when control ceases. Control,<div style="display:inline-block;width:5.06px"> </div>or the lack thereof, is reassessed if facts and circumstances<div style="display:inline-block;width:5.43px"> </div>indicate that there is a change </div><div id="a84153" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:176.3px;">to one or more elements req<div style="display:inline-block;width:1.39px"> </div>uired to establish that control is present. </div><div id="a84159" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:199px;">Business<div style="display:inline-block;width:5.38px"> </div>combinations<div style="display:inline-block;width:5.07px"> </div>are accounted<div style="display:inline-block;width:6.12px"> </div>for using<div style="display:inline-block;width:6.23px"> </div>the acquisition<div style="display:inline-block;width:6.49px"> </div>method.<div style="display:inline-block;width:5.13px"> </div>The amount<div style="display:inline-block;width:5.81px"> </div>of any<div style="display:inline-block;width:5.83px"> </div>non-controlling<div style="display:inline-block;width:5.96px"> </div>interest is </div><div id="a84162" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:214.1px;">measured at the non-controlling<div style="display:inline-block;width:5.32px"> </div>interest’s proportionate share<div style="display:inline-block;width:5.14px"> </div>of the acquiree’s identifiable net assets.</div></div><div id="TextBlockContainer107" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:219px;height:10px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a84178" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Critical accounting estimates and judgments</div></div><div id="TextBlockContainer109" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:674px;height:64px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a84180" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:0px;">Each individual<div style="display:inline-block;width:4.24px"> </div>entity is assessed<div style="display:inline-block;width:4.48px"> </div>for consolidation in line<div style="display:inline-block;width:4.69px"> </div>with the aforementioned<div style="display:inline-block;width:4.41px"> </div>consolidation principles. The<div style="display:inline-block;width:4.13px"> </div>assessment of<div style="display:inline-block;width:4.63px"> </div>control can be<div style="display:inline-block;width:4.27px"> </div>complex and </div><div id="a84183" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:13.7px;">requires the use of significant judgment<div style="display:inline-block;width:1.9px"> </div>,<div style="display:inline-block;width:2.48px"> </div>in particular in determining whether UBS has power over the entity.<div style="display:inline-block;width:5.03px"> </div>As the nature and extent of UBS’s involvement </div><div id="a84191" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:27px;">is unique<div style="display:inline-block;width:4.97px"> </div>for each<div style="display:inline-block;width:4.49px"> </div>entity,<div style="display:inline-block;width:4.7px"> </div>there is<div style="display:inline-block;width:4.75px"> </div>no uniform<div style="display:inline-block;width:4.55px"> </div>consolidation outcome<div style="display:inline-block;width:5.09px"> </div>by entity.<div style="display:inline-block;width:5.73px"> </div>Certain entities<div style="display:inline-block;width:4.57px"> </div>within a<div style="display:inline-block;width:4.82px"> </div>class may<div style="display:inline-block;width:4.27px"> </div>be consolidated<div style="display:inline-block;width:5.09px"> </div>while others<div style="display:inline-block;width:4.4px"> </div>may not. </div><div id="a84199" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:40.2px;">When carrying out the consolidation assessment, judgment<div style="display:inline-block;width:0.95px"> </div>is exercised considering all the<div style="display:inline-block;width:1.34px"> </div>relevant facts and circumstances, including the nature<div style="display:inline-block;width:1.39px"> </div>and activities </div><div id="a84201" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:53.5px;">of the investee, as well as the substance<div style="display:inline-block;width:4.15px"> </div>of voting and similar rights.</div></div> <div id="TextBlockContainer111" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:67px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a84208" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">2)<div style="display:inline-block;width:3.83px"> </div>Financial instruments </div><div id="a84211" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:23px;">a. Recognition </div><div id="a84214" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.6px;">UBS<div style="display:inline-block;width:5.08px"> </div>recognizes financial<div style="display:inline-block;width:5.75px"> </div>instruments<div style="display:inline-block;width:5.19px"> </div>when<div style="display:inline-block;width:5.24px"> </div>it becomes<div style="display:inline-block;width:5.81px"> </div>a party<div style="display:inline-block;width:5.47px"> </div>to contractual<div style="display:inline-block;width:5.94px"> </div>provisions<div style="display:inline-block;width:5.78px"> </div>of an<div style="display:inline-block;width:5.69px"> </div>instrument. UBS<div style="display:inline-block;width:6.18px"> </div>applies </div><div id="a84221" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">settlement date accounting to<div style="display:inline-block;width:5.02px"> </div>all standard purchases<div style="display:inline-block;width:5.09px"> </div>and sales of non-derivative financial<div style="display:inline-block;width:5.19px"> </div>instruments.</div></div><div id="TextBlockContainer116" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:815px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_114_XBRL_TS_020948818b454febb985fce4393c252e" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer115" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:815px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a84265" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">In transactions where UBS acts as<div style="display:inline-block;width:2.12px"> </div>a transferee, to the<div style="display:inline-block;width:2.29px"> </div>extent the financial asset<div style="display:inline-block;width:2.2px"> </div>transfer does not qualify for derecognition </div><div id="a84278" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">by the transferor, UBS does<div style="display:inline-block;width:5.39px"> </div>not recognize<div style="display:inline-block;width:3.94px"> </div>the transferred instrument as its asset. </div><div id="a84285" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:38.3px;">UBS also acts in a<div style="display:inline-block;width:2.13px"> </div>fiduciary capacity, which results<div style="display:inline-block;width:2.21px"> </div>in it holding or placing assets on<div style="display:inline-block;width:2.1px"> </div>behalf of individuals, trusts, retirement </div><div id="a84291" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:53.5px;">benefit plans<div style="display:inline-block;width:6.12px"> </div>and other<div style="display:inline-block;width:5.81px"> </div>institutions. Unless<div style="display:inline-block;width:6.05px"> </div>these items<div style="display:inline-block;width:5.04px"> </div>meet the<div style="display:inline-block;width:5.52px"> </div>definition of<div style="display:inline-block;width:6.02px"> </div>an asset<div style="display:inline-block;width:5.45px"> </div>and<div style="display:inline-block;width:5.29px"> </div>the recognition<div style="display:inline-block;width:5.89px"> </div>criteria are </div><div id="a84294" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:69.1px;">satisfied,<div style="display:inline-block;width:6.54px"> </div>they<div style="display:inline-block;width:6.97px"> </div>are<div style="display:inline-block;width:6.71px"> </div>not<div style="display:inline-block;width:6.87px"> </div>recognized<div style="display:inline-block;width:7.01px"> </div>on<div style="display:inline-block;width:7.03px"> </div>UBS’s<div style="display:inline-block;width:7.13px"> </div>balance<div style="display:inline-block;width:6.72px"> </div>sheet<div style="display:inline-block;width:6.72px"> </div>and<div style="display:inline-block;width:7.03px"> </div>the<div style="display:inline-block;width:6.87px"> </div>related<div style="display:inline-block;width:6.65px"> </div>income<div style="display:inline-block;width:7.1px"> </div>is<div style="display:inline-block;width:6.57px"> </div>excluded<div style="display:inline-block;width:7.19px"> </div>from<div style="display:inline-block;width:6.66px"> </div>the<div style="display:inline-block;width:7.15px"> </div>Financial </div><div id="a84307" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:84.2px;">Statements.<div style="display:inline-block;width:4.03px"> </div></div><div id="a84311" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:106.9px;">Client cash balances associated with derivatives<div style="display:inline-block;width:5.81px"> </div>clearing and execution services are not<div style="display:inline-block;width:5.68px"> </div>recognized on the balance<div style="display:inline-block;width:5.03px"> </div>sheet </div><div id="a84312" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:122.1px;">if,<div style="display:inline-block;width:5.52px"> </div>through<div style="display:inline-block;width:6.62px"> </div>contractual<div style="display:inline-block;width:5.31px"> </div>agreement,<div style="display:inline-block;width:5.96px"> </div>regulation<div style="display:inline-block;width:6.68px"> </div>or<div style="display:inline-block;width:5.72px"> </div>practice,<div style="display:inline-block;width:5.86px"> </div>UBS<div style="display:inline-block;width:6.02px"> </div>neither<div style="display:inline-block;width:5.67px"> </div>obtains<div style="display:inline-block;width:6.07px"> </div>benefits<div style="display:inline-block;width:6.19px"> </div>from<div style="display:inline-block;width:5.66px"> </div>nor<div style="display:inline-block;width:6.4px"> </div>controls<div style="display:inline-block;width:6.12px"> </div>such<div style="display:inline-block;width:5.96px"> </div>cash </div><div id="a84317" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:137.7px;">balances. </div><div id="a84320" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:160.4px;">b. Classification, measurement and<div style="display:inline-block;width:5.29px"> </div>presentation </div><div id="a84325" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#E60000;left:4.905px;top:182.9px;">Financial assets<div style="display:inline-block;width:7.88px"> </div></div><div id="a84329" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:198.2px;">Where the contractual<div style="display:inline-block;width:5.69px"> </div>terms of a<div style="display:inline-block;width:5.05px"> </div>debt instrument<div style="display:inline-block;width:5.02px"> </div>result in cash<div style="display:inline-block;width:5.16px"> </div>flows that are<div style="display:inline-block;width:5.49px"> </div>solely payments of principal<div style="display:inline-block;width:5.29px"> </div>and interest </div><div id="a84331" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:213.4px;">(SPPI) on<div style="display:inline-block;width:5.34px"> </div>the principal amount<div style="display:inline-block;width:6.27px"> </div>outstanding,<div style="display:inline-block;width:5.27px"> </div>the debt<div style="display:inline-block;width:5.13px"> </div>instrument is<div style="display:inline-block;width:5.19px"> </div>classified as measured<div style="display:inline-block;width:6.42px"> </div>at amortized<div style="display:inline-block;width:5.26px"> </div>cost if it<div style="display:inline-block;width:5.74px"> </div>is held </div><div id="a84334" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:229px;">within a business model that has an objective of holding financial assets to collect contractual cash<div style="display:inline-block;width:5.08px"> </div>flows, or at fair value </div><div id="a84336" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:244.1px;">through other<div style="display:inline-block;width:5.4px"> </div>comprehensive income<div style="display:inline-block;width:5.06px"> </div>(FVOCI) if it<div style="display:inline-block;width:5.27px"> </div>is held<div style="display:inline-block;width:5.26px"> </div>within a business<div style="display:inline-block;width:5.73px"> </div>model with the<div style="display:inline-block;width:5.18px"> </div>objective being achieved<div style="display:inline-block;width:5.45px"> </div>by </div><div id="a84338" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:259.7px;">both collecting contractual cash flows<div style="display:inline-block;width:5.12px"> </div>and selling financial assets.<div style="display:inline-block;width:5.17px"> </div></div><div id="a84340" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:282.5px;">All other<div style="display:inline-block;width:6.3px"> </div>financial assets<div style="display:inline-block;width:6.46px"> </div>are measured<div style="display:inline-block;width:6.72px"> </div>at fair<div style="display:inline-block;width:6.31px"> </div>value<div style="display:inline-block;width:5.1px"> </div>through<div style="display:inline-block;width:5.67px"> </div>profit or<div style="display:inline-block;width:5.44px"> </div>loss (<div style="display:inline-block;width:1.92px"> </div>FVTPL), including<div style="display:inline-block;width:7.04px"> </div>those<div style="display:inline-block;width:5.03px"> </div>held<div style="display:inline-block;width:5.03px"> </div>for trading<div style="display:inline-block;width:5.98px"> </div>or </div><div id="a84350" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:297.6px;">those<div style="display:inline-block;width:5.5px"> </div>managed<div style="display:inline-block;width:5.66px"> </div>on<div style="display:inline-block;width:5.61px"> </div>a<div style="display:inline-block;width:5.2px"> </div>fair value<div style="display:inline-block;width:6.21px"> </div>basis,<div style="display:inline-block;width:5.5px"> </div>except<div style="display:inline-block;width:5.79px"> </div>for<div style="display:inline-block;width:5.1px"> </div>derivatives<div style="display:inline-block;width:5.48px"> </div>designated<div style="display:inline-block;width:5.8px"> </div>in<div style="display:inline-block;width:5.3px"> </div>a<div style="display:inline-block;width:5.2px"> </div>hedge<div style="display:inline-block;width:5.81px"> </div>relationship,<div style="display:inline-block;width:5.78px"> </div>in<div style="display:inline-block;width:5.3px"> </div>which<div style="display:inline-block;width:5.4px"> </div>case<div style="display:inline-block;width:5.05px"> </div>hedge </div><div id="a84351" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:312.7px;">accounting requirements apply (refer to item<div style="display:inline-block;width:5.31px"> </div>2j in this Note for more information).<div style="display:inline-block;width:5.63px"> </div></div><div id="a84355" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:335.7px;">Business model assessment and<div style="display:inline-block;width:5.48px"> </div>contractual cash flow characteristics<div style="display:inline-block;width:4.74px"> </div></div><div id="a84360" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:351.1px;">UBS<div style="display:inline-block;width:6.03px"> </div>determines<div style="display:inline-block;width:6.04px"> </div>the<div style="display:inline-block;width:5.72px"> </div>nature<div style="display:inline-block;width:6.01px"> </div>of<div style="display:inline-block;width:6.2px"> </div>a<div style="display:inline-block;width:5.8px"> </div>business<div style="display:inline-block;width:6.37px"> </div>model<div style="display:inline-block;width:5.82px"> </div>by<div style="display:inline-block;width:6.15px"> </div>considering<div style="display:inline-block;width:6.64px"> </div>the<div style="display:inline-block;width:5.72px"> </div>way<div style="display:inline-block;width:6.05px"> </div>financial<div style="display:inline-block;width:6.36px"> </div>assets<div style="display:inline-block;width:5.67px"> </div>are<div style="display:inline-block;width:6.23px"> </div>managed<div style="display:inline-block;width:6.6px"> </div>to<div style="display:inline-block;width:5.72px"> </div>achieve<div style="display:inline-block;width:5.84px"> </div>a </div><div id="a84364" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:366.2px;">particular business objective.<div style="display:inline-block;width:4.96px"> </div></div><div id="a84366" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:389.4px;">In assessing whether contractual cash flows are<div style="display:inline-block;width:5.07px"> </div>SPPI, the Group considers whether the contractual terms of the financial </div><div id="a84368" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:404.5px;">asset<div style="display:inline-block;width:5.62px"> </div>contain<div style="display:inline-block;width:5.82px"> </div>a<div style="display:inline-block;width:5.67px"> </div>term<div style="display:inline-block;width:5.69px"> </div>that<div style="display:inline-block;width:5.57px"> </div>could<div style="display:inline-block;width:5.98px"> </div>change<div style="display:inline-block;width:6.08px"> </div>the<div style="display:inline-block;width:5.72px"> </div>timing<div style="display:inline-block;width:5.56px"> </div>or<div style="display:inline-block;width:5.72px"> </div>amount<div style="display:inline-block;width:5.98px"> </div>of<div style="display:inline-block;width:5.72px"> </div>contractual<div style="display:inline-block;width:5.79px"> </div>cash<div style="display:inline-block;width:6.2px"> </div>flows<div style="display:inline-block;width:5.77px"> </div>arising<div style="display:inline-block;width:5.77px"> </div>over<div style="display:inline-block;width:5.52px"> </div>the<div style="display:inline-block;width:5.72px"> </div>life<div style="display:inline-block;width:5.31px"> </div>of<div style="display:inline-block;width:5.72px"> </div>the </div><div id="a84369" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:419.7px;">instrument. This assessment includes<div style="display:inline-block;width:5.6px"> </div>contractual cash flows that<div style="display:inline-block;width:5.19px"> </div>may vary due to environmental,<div style="display:inline-block;width:5.72px"> </div>social and governance </div><div id="a84372" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:434.8px;">(ESG) triggers. </div><div id="a84374" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#E60000;left:4.905px;top:457.7px;">Financial liabilities<div style="display:inline-block;width:4.53px"> </div></div><div id="a84378" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:480.4px;">Financial liabilities measured at amortized<div style="display:inline-block;width:5.51px"> </div>cost<div style="display:inline-block;width:7.46px"> </div></div><div id="a84384" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:495.8px;">Debt issued measured at amortized cost includes<div style="display:inline-block;width:5.02px"> </div>contingent capital instruments contain<div style="display:inline-block;width:1.74px"> </div>ing contractual provisions under </div><div id="a84388" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:511px;">which the<div style="display:inline-block;width:6.03px"> </div>principal amounts<div style="display:inline-block;width:6.13px"> </div>would<div style="display:inline-block;width:5.34px"> </div>be written<div style="display:inline-block;width:5.25px"> </div>down<div style="display:inline-block;width:5.44px"> </div>or converted<div style="display:inline-block;width:5.72px"> </div>into equity<div style="display:inline-block;width:5.87px"> </div>upon either<div style="display:inline-block;width:5.43px"> </div>a specified<div style="display:inline-block;width:5.96px"> </div>common<div style="display:inline-block;width:5.3px"> </div>equity </div><div id="a84391" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:526.6px;">tier 1 (CET1)<div style="display:inline-block;width:4.31px"> </div>ratio breach or a determination<div style="display:inline-block;width:5.26px"> </div>by the Swiss Financial Market Supervisory<div style="display:inline-block;width:5.27px"> </div>Authority (FINMA) that a viability </div><div id="a84405" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:541.7px;">event has<div style="display:inline-block;width:5.88px"> </div>occurred.<div style="display:inline-block;width:5.03px"> </div>Such contractual<div style="display:inline-block;width:6.09px"> </div>provisions<div style="display:inline-block;width:5.38px"> </div>are not<div style="display:inline-block;width:6.12px"> </div>derivatives,<div style="display:inline-block;width:5.11px"> </div>as the<div style="display:inline-block;width:5.88px"> </div>underlying<div style="display:inline-block;width:5.18px"> </div>is deemed<div style="display:inline-block;width:5.98px"> </div>to be<div style="display:inline-block;width:5.56px"> </div>a non<div style="display:inline-block;width:1.43px"> </div>-financial </div><div id="a84410" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:556.8px;">variable specific to a party to the contract.<div style="display:inline-block;width:5.64px"> </div></div><div id="a84412" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:580px;">If a debt were to be written down or converted into equity in<div style="display:inline-block;width:5.14px"> </div>a future period, it would be partially or fully derecognized, </div><div id="a84416" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:595.2px;">with<div style="display:inline-block;width:6.23px"> </div>the<div style="display:inline-block;width:6.2px"> </div>difference<div style="display:inline-block;width:6.26px"> </div>between<div style="display:inline-block;width:6.5px"> </div>its<div style="display:inline-block;width:5.94px"> </div>carrying<div style="display:inline-block;width:5.74px"> </div>amount<div style="display:inline-block;width:6.45px"> </div>and<div style="display:inline-block;width:6.55px"> </div>the<div style="display:inline-block;width:5.72px"> </div>fair<div style="display:inline-block;width:5.74px"> </div>value<div style="display:inline-block;width:6.04px"> </div>of<div style="display:inline-block;width:6.2px"> </div>any<div style="display:inline-block;width:6.15px"> </div>equity<div style="display:inline-block;width:6.09px"> </div>issued<div style="display:inline-block;width:6.55px"> </div>recognized<div style="display:inline-block;width:6.06px"> </div>in<div style="display:inline-block;width:6.25px"> </div>the<div style="display:inline-block;width:5.72px"> </div>income </div><div id="a84419" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:610.3px;">statement.<div style="display:inline-block;width:4.03px"> </div></div><div id="a84422" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:633.5px;">A gain or loss is recognized<div style="display:inline-block;width:5.8px"> </div>in </div><div id="a84423" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:178.552px;top:633.2px;">Other income</div><div id="a84424" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:256.645px;top:633.5px;"><div style="display:inline-block;width:3.79px"> </div>when debt issued<div style="display:inline-block;width:5.15px"> </div>is subsequently repurchased<div style="display:inline-block;width:5.89px"> </div>for market-making or<div style="display:inline-block;width:5.08px"> </div>other </div><div id="a84428" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:648.6px;">activities. A subsequent<div style="display:inline-block;width:5.24px"> </div>sale of own bonds in the market is treated as a reissuance<div style="display:inline-block;width:5.28px"> </div>of debt. </div><div id="a84431" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:671.1px;">Financial liabilities measured at fair value<div style="display:inline-block;width:5.3px"> </div>through profit or loss<div style="display:inline-block;width:8.42px"> </div></div><div id="a84435" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:686.5px;">UBS designates certain issued debt instruments as financial liabilities at fair<div style="display:inline-block;width:5.02px"> </div>value through profit or<div style="display:inline-block;width:5.06px"> </div>loss, on the basis that </div><div id="a84437" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:701.6px;">such financial<div style="display:inline-block;width:5.77px"> </div>instruments include<div style="display:inline-block;width:5.96px"> </div>non-closely-related<div style="display:inline-block;width:5.8px"> </div>embedded derivatives<div style="display:inline-block;width:5.77px"> </div>that significantly<div style="display:inline-block;width:5.68px"> </div>impact the<div style="display:inline-block;width:5.89px"> </div>cash flows<div style="display:inline-block;width:6.15px"> </div>of </div><div id="a84444" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:717.2px;">the<div style="display:inline-block;width:5.25px"> </div>instrument<div style="display:inline-block;width:5.17px"> </div>and<div style="display:inline-block;width:5.61px"> </div>/<div style="display:inline-block;width:5.31px"> </div>or<div style="display:inline-block;width:5.25px"> </div>are<div style="display:inline-block;width:5.29px"> </div>managed<div style="display:inline-block;width:5.66px"> </div>on<div style="display:inline-block;width:5.61px"> </div>a<div style="display:inline-block;width:5.2px"> </div>fair value<div style="display:inline-block;width:6.21px"> </div>basis<div style="display:inline-block;width:5.4px"> </div>(refer<div style="display:inline-block;width:5.56px"> </div>to<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>table<div style="display:inline-block;width:5.15px"> </div>below<div style="display:inline-block;width:5.61px"> </div>for<div style="display:inline-block;width:5.1px"> </div>more<div style="display:inline-block;width:5.34px"> </div>information).<div style="display:inline-block;width:5.87px"> </div>Financial </div><div id="a84446" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:732.4px;">instruments<div style="display:inline-block;width:8.97px"> </div>including<div style="display:inline-block;width:9.48px"> </div>embedded<div style="display:inline-block;width:9.64px"> </div>derivatives<div style="display:inline-block;width:8.79px"> </div>arise<div style="display:inline-block;width:8.78px"> </div>predominantly<div style="display:inline-block;width:9.84px"> </div>from<div style="display:inline-block;width:9.44px"> </div>the<div style="display:inline-block;width:9.03px"> </div>issuance<div style="display:inline-block;width:9.18px"> </div>of<div style="display:inline-block;width:9.03px"> </div>certain<div style="display:inline-block;width:8.57px"> </div>structured<div style="display:inline-block;width:9.54px"> </div>debt </div><div id="a84447" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:748px;">instruments.<div style="display:inline-block;width:4.41px"> </div></div><div id="a84450" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#E60000;left:4.905px;top:770.4px;">Measurement and presentation<div style="display:inline-block;width:8.64px"> </div></div><div id="a84453" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:785.8px;">After initial recognition, UBS classifies, measures and presents its financial assets and liabilities in accordance with<div style="display:inline-block;width:5.04px"> </div>IFRS 9, </div><div id="a84457" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:801px;">as described in the table below.</div></div></div></div><div id="TextBlockContainer119" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:312px;height:10px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a84500" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Classification, measurement<div style="display:inline-block;width:4.25px"> </div>and presentation of financial assets</div></div><div id="TextBlockContainer121" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:563px;height:206px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a84505" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Financial assets classification </div><div id="a84509" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:162.675px;top:0px;">Significant items included </div><div id="a84511" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:406.848px;top:0px;">Measurement and<div style="display:inline-block;width:4.1px"> </div>presentation </div><div id="a84513" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:21.7px;">Measured at<div style="display:inline-block;width:3.19px"> </div></div><div id="a84515" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:34.1px;">amortized cost </div><div id="a84517" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:22px;">This classification includes: </div><div id="a84519" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:37.6px;">–</div><div id="a84520" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.875px;top:37.5px;"> </div><div id="a84521" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:37.6px;">cash and balances at central banks; </div><div id="a84524" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:52.7px;">–</div><div id="a84525" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.875px;top:52.6px;"> </div><div id="a84526" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:52.7px;">loans and advances to banks; </div><div id="a84530" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:67.9px;">–</div><div id="a84531" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.875px;top:67.8px;"> </div><div id="a84532" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:67.9px;">receivables from<div style="display:inline-block;width:4.24px"> </div>securities financing transactions; </div><div id="a84535" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:83.5px;">–</div><div id="a84536" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.875px;top:83.4px;"> </div><div id="a84537" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:83.5px;">cash collateral receivables<div style="display:inline-block;width:4.13px"> </div>on derivative </div><div id="a84538" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:95.3px;">instruments; </div><div id="a84541" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:110.9px;">–</div><div id="a84542" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.875px;top:110.8px;"> </div><div id="a84543" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:110.9px;">residential and<div style="display:inline-block;width:4.1px"> </div>commercial mortgages; </div><div id="a84546" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:126.1px;">–</div><div id="a84547" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.875px;top:126px;"> </div><div id="a84548" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:126.1px;">corporate loans; </div><div id="a84551" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:141.7px;">–</div><div id="a84552" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.875px;top:141.6px;"> </div><div id="a84553" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:141.7px;">secured loans, including Lombard<div style="display:inline-block;width:4.64px"> </div>loans, and </div><div id="a84554" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:153.5px;">unsecured loans; </div><div id="a84557" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:168.7px;">–</div><div id="a84558" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.875px;top:168.5px;"> </div><div id="a84559" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:168.7px;">loans to financial advisors; and </div><div id="a84563" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:184.3px;">–</div><div id="a84564" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.875px;top:184.2px;"> </div><div id="a84565" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:184.3px;">debt securities held as high<div style="display:inline-block;width:1.6px"> </div>-quality liquid assets </div><div id="a84568" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:196.1px;">(HQLA).<div style="display:inline-block;width:2.84px"> </div></div></div><div id="TextBlockContainer126" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:671px;height:417px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_124_XBRL_TS_262b5c3191964b9bad86d6751d8c3f2b_1" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer125" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:671px;height:417px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a84572" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:0px;">Measured at amortized<div style="display:inline-block;width:4.11px"> </div>cost using the effective interest </div><div id="a84573" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:12.3px;">method less allowances<div style="display:inline-block;width:4.15px"> </div>for expected credit losses (ECL) </div><div id="a84574" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:24.1px;">(refer to items 2d and 2g in<div style="display:inline-block;width:4.38px"> </div>this Note for more information). </div><div id="a84584" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:54.9px;">The following items are recognized<div style="display:inline-block;width:4.69px"> </div>in the income </div><div id="a84586" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:66.7px;">statement: </div><div id="a84588" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:82.3px;">–</div><div id="a84589" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:412.048px;top:82.2px;"> </div><div id="a84590" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:418.195px;top:82.3px;">interest income, which is<div style="display:inline-block;width:4.11px"> </div>accounted for in accordance </div><div id="a84591" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:418.195px;top:94.1px;">with item 2d in this Note; </div><div id="a84597" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:109.3px;">–</div><div id="a84598" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:412.048px;top:109.2px;"> </div><div id="a84599" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:418.195px;top:109.3px;">ECL and reversals;<div style="display:inline-block;width:4.02px"> </div>and </div><div id="a84602" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:124.9px;">–</div><div id="a84603" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:412.048px;top:124.8px;"> </div><div id="a84604" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:418.195px;top:124.9px;">foreign exchange (FX)<div style="display:inline-block;width:4.1px"> </div>translation gains and losses. </div><div id="a84611" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:155.7px;">When a financial asset at amortized<div style="display:inline-block;width:4.44px"> </div>cost is derecognized, </div><div id="a84616" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:167.5px;">the gain or loss is recognized<div style="display:inline-block;width:4.39px"> </div>in the income statement. </div><div id="a84619" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:198.2px;">For amounts arising from<div style="display:inline-block;width:4.4px"> </div>settlement of certain derivatives, </div><div id="a84622" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:210.1px;">see below in this table.<div style="display:inline-block;width:3.65px"> </div></div><div id="a84626" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:233.5px;">Measured at </div><div id="a84627" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:245.8px;">FVOCI<div style="display:inline-block;width:3.1px"> </div></div><div id="a84629" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.915px;top:233.7px;">Debt </div><div id="a84630" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.915px;top:246px;">instruments </div><div id="a84631" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.915px;top:257.8px;">measured at </div><div id="a84632" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.915px;top:269.7px;">FVOCI </div><div id="a84634" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:233.7px;">This classification primarily includes<div style="display:inline-block;width:4.33px"> </div>debt securities </div><div id="a84635" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:246px;">and certain asset-backed securities<div style="display:inline-block;width:4.23px"> </div>held as HQLA. </div><div id="a84639" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:233.7px;">Measured at fair value<div style="display:inline-block;width:1.42px"> </div>,<div style="display:inline-block;width:2.92px"> </div>with unrealized gains and losses </div><div id="a84643" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:246px;">reported in </div><div id="a84644" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:457.475px;top:245.8px;">Other comprehensive income, </div><div id="a84645" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:588.062px;top:246px;">net of applicable </div><div id="a84646" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:257.8px;">income taxes, until such investments<div style="display:inline-block;width:4.49px"> </div>are derecognized. </div><div id="a84649" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:269.7px;">Upon derecognition, any accumulated<div style="display:inline-block;width:4.47px"> </div>balances in </div><div id="a84650" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:623.088px;top:269.5px;">Other </div><div id="a84651" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:406.848px;top:281.8px;">comprehensive income </div><div id="a84652" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:507.635px;top:282px;">are reclassified to the income </div><div id="a84653" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:293.8px;">statement and reported<div style="display:inline-block;width:4.26px"> </div>within </div><div id="a84654" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:540.768px;top:293.6px;">Other income. </div><div id="a84657" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:324.5px;">The following items, which are<div style="display:inline-block;width:4.31px"> </div>determined on the same </div><div id="a84659" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:336.4px;">basis as for financial assets measured<div style="display:inline-block;width:4.31px"> </div>at amortized cost, are </div><div id="a84663" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:348.7px;">recognized in the income<div style="display:inline-block;width:4.26px"> </div>statement: </div><div id="a84665" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:363.8px;">–</div><div id="a84666" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:412.048px;top:363.7px;"> </div><div id="a84667" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:418.195px;top:363.8px;">interest income, which is<div style="display:inline-block;width:4.11px"> </div>accounted for in accordance </div><div id="a84668" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:418.195px;top:375.7px;">with item 2d in this Note; </div><div id="a84674" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:391.3px;">–</div><div id="a84675" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:412.048px;top:391.1px;"> </div><div id="a84676" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:418.195px;top:391.3px;">ECL and reversals; and </div><div id="a84678" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:406.4px;">–</div><div id="a84679" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:412.048px;top:406.3px;"> </div><div id="a84680" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:418.195px;top:406.4px;">FX translation gains and losses.</div></div></div></div><div id="TextBlockContainer129" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:312px;height:10px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a84723" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Classification, measurement<div style="display:inline-block;width:4.18px"> </div>and presentation of financial assets</div></div><div id="TextBlockContainer131" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:579px;height:183px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a84727" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Financial assets classification </div><div id="a84732" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:158.888px;top:0px;">Significant items included </div><div id="a84734" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:423.395px;top:0px;">Measurement and<div style="display:inline-block;width:4.1px"> </div>presentation </div><div id="a84736" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:21.7px;">Measured at </div><div id="a84737" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:34.1px;">FVTPL </div><div id="a84739" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:74.678px;top:22px;">Held for<div style="display:inline-block;width:3.14px"> </div></div><div id="a84741" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:74.678px;top:34.3px;">trading </div><div id="a84743" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:158.888px;top:22px;">Financial assets held for<div style="display:inline-block;width:4.16px"> </div>trading include: </div><div id="a84746" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:158.888px;top:37.6px;">–</div><div id="a84747" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:164.088px;top:37.5px;"> </div><div id="a84748" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:170.235px;top:37.6px;">all derivatives with a positive<div style="display:inline-block;width:4.1px"> </div>replacement value, except </div><div id="a84749" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:170.235px;top:49.4px;">those that are designated<div style="display:inline-block;width:4.16px"> </div>and effective hedging </div><div id="a84751" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:170.235px;top:61.2px;">instruments; and </div><div id="a84755" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:158.888px;top:76.9px;">–</div><div id="a84756" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:164.088px;top:76.8px;"> </div><div id="a84757" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:170.235px;top:76.9px;">other financial assets acquired<div style="display:inline-block;width:4.18px"> </div>principally for the </div><div id="a84758" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:170.235px;top:88.7px;">purpose of selling or repurchasing<div style="display:inline-block;width:4.32px"> </div>in the near term, or </div><div id="a84759" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:170.235px;top:101px;">that are part of a<div style="display:inline-block;width:4.1px"> </div>portfolio of identified financial </div><div id="a84762" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:170.235px;top:112.8px;">instruments that are managed<div style="display:inline-block;width:4.57px"> </div>together and for which </div><div id="a84763" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:170.235px;top:124.6px;">there is evidence of a recent<div style="display:inline-block;width:4.14px"> </div>actual pattern of short-</div><div id="a84765" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:170.235px;top:136.9px;">term profit taking. Included<div style="display:inline-block;width:4.34px"> </div>in this category are debt </div><div id="a84766" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:170.235px;top:148.8px;">instruments (including those<div style="display:inline-block;width:4.13px"> </div>in the form of securities, </div><div id="a84767" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:170.235px;top:161.1px;">money market paper,<div style="display:inline-block;width:3.6px"> </div>and traded corporate and bank </div><div id="a84772" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:170.235px;top:172.9px;">loans) and equity instruments.<div style="display:inline-block;width:3.6px"> </div></div></div><div id="TextBlockContainer136" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:609px;height:475px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_134_XBRL_TS_c9ee631465764821ae1a53de2bf88215_1" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer135" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:609px;height:475px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a84774" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:0px;">Measured at fair value<div style="display:inline-block;width:1.43px"> </div>,<div style="display:inline-block;width:2.91px"> </div>with changes recognized in the </div><div id="a84779" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:12.3px;">income statement. </div><div id="a84783" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:43px;">Derivative assets (including<div style="display:inline-block;width:4.16px"> </div>derivatives that are designated </div><div id="a84784" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:54.9px;">and effective hedging instruments)<div style="display:inline-block;width:4.17px"> </div>are generally </div><div id="a84786" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:66.7px;">presented as </div><div id="a84787" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:409.65px;top:66.5px;">Derivative financial instruments</div><div id="a84788" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:542.156px;top:66.7px;">, except those </div><div id="a84789" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:79px;">exchange-traded derivatives (ETD)<div style="display:inline-block;width:4.27px"> </div>and over-the-counter </div><div id="a84801" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:90.8px;">(OTC)-cleared derivatives that are<div style="display:inline-block;width:4.42px"> </div>legally settled on a daily </div><div id="a84809" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:102.7px;">basis or economically net<div style="display:inline-block;width:4.31px"> </div>settled on a daily basis, which </div><div id="a84812" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:114.9px;">are presented within </div><div id="a84813" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:443.73px;top:114.8px;">Cash collateral receivables on </div><div id="a84814" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:352.396px;top:126.6px;">derivative instruments.</div><div id="a84817" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:157.5px;">Changes in fair value, initial transaction<div style="display:inline-block;width:4.54px"> </div>costs, dividends </div><div id="a84820" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:169.4px;">and gains and losses arising<div style="display:inline-block;width:4.1px"> </div>on disposal or redemption are </div><div id="a84824" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:181.7px;">recognized in </div><div id="a84825" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:412.97px;top:181.5px;">Other net income from financial </div><div id="a84827" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:352.396px;top:193.3px;">instruments measured at fair value<div style="display:inline-block;width:4.2px"> </div>through profit or loss, </div><div id="a84833" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:205.3px;">except interest income on instruments<div style="display:inline-block;width:4.5px"> </div>other than </div><div id="a84834" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:217.6px;">derivatives (refer to item 2d<div style="display:inline-block;width:4.43px"> </div>in this Note), interest on </div><div id="a84839" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:229.5px;">derivatives designated as hedging<div style="display:inline-block;width:4.21px"> </div>instruments in hedges </div><div id="a84841" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:241.8px;">of interest rate risk and<div style="display:inline-block;width:4.17px"> </div>forward points on certain short- </div><div id="a84847" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:253.6px;">and long-duration FX contracts acting<div style="display:inline-block;width:4.16px"> </div>as economic </div><div id="a84856" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:265.4px;">hedges, which are reported<div style="display:inline-block;width:4.54px"> </div>in </div><div id="a84858" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:483.49px;top:265.2px;">Net interest income.<div style="display:inline-block;width:2.95px"> </div></div><div id="a84861" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:296.2px;">Changes in the fair<div style="display:inline-block;width:4.14px"> </div>value of derivatives that are </div><div id="a84866" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:308.5px;">designated and effective<div style="display:inline-block;width:4.26px"> </div>hedging instruments are </div><div id="a84868" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:320.3px;">presented either in the income<div style="display:inline-block;width:4.36px"> </div>statement or </div><div id="a84870" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:543.583px;top:320.1px;">Other </div><div id="a84871" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:352.396px;top:331.9px;">comprehensive income</div><div id="a84872" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:450.823px;top:332.1px;">, depending on the type of hedge </div><div id="a84875" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:344.4px;">relationship (refer<div style="display:inline-block;width:4.37px"> </div>to item 2j<div style="display:inline-block;width:2.75px"> </div>in this Note for more </div><div id="a84881" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:356.3px;">information). </div><div id="a84883" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:174.6px;">Mandatorily </div><div id="a84884" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:186.4px;">measured at </div><div id="a84885" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:198.7px;">FVTPL – Other </div><div id="a84890" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:174.6px;">This classification includes financial asset<div style="display:inline-block;width:1.65px"> </div>s<div style="display:inline-block;width:2.79px"> </div>mandatorily </div><div id="a84896" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:186.4px;">measured at FVTPL that are<div style="display:inline-block;width:4.21px"> </div>not held for trading, as </div><div id="a84903" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:198.7px;">follows:<div style="display:inline-block;width:2.86px"> </div></div><div id="a84906" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:213.9px;">–</div><div id="a84907" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:93.09px;top:213.7px;"> </div><div id="a84908" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:213.9px;">certain structured loans, certain<div style="display:inline-block;width:4.27px"> </div>commercial loans, and </div><div id="a84911" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:225.7px;">receivables from<div style="display:inline-block;width:4.26px"> </div>securities financing transactions that </div><div id="a84915" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:238px;">are managed on a fair<div style="display:inline-block;width:4.26px"> </div>value basis;<div style="display:inline-block;width:2.68px"> </div></div><div id="a84919" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:253.1px;">–</div><div id="a84920" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:93.09px;top:253px;"> </div><div id="a84921" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:253.1px;">loans managed on a fair<div style="display:inline-block;width:4.26px"> </div>value basis,<div style="display:inline-block;width:2.65px"> </div>including those </div><div id="a84926" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:265.4px;">hedged with credit derivatives<div style="display:inline-block;width:1.53px"> </div>; </div><div id="a84929" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:280.6px;">–</div><div id="a84930" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:93.09px;top:280.5px;"> </div><div id="a84931" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:280.6px;">certain debt securities held as HQLA and<div style="display:inline-block;width:4.38px"> </div>managed on a </div><div id="a84933" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:292.4px;">fair value basis;<div style="display:inline-block;width:3.14px"> </div></div><div id="a84937" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:308px;">–</div><div id="a84938" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:93.09px;top:307.9px;"> </div><div id="a84939" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:308px;">certain investment fund holdings<div style="display:inline-block;width:4.21px"> </div>and assets held to </div><div id="a84941" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:319.8px;">hedge delivery obligations related<div style="display:inline-block;width:4.4px"> </div>to cash-settled </div><div id="a84944" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:331.6px;">employee compensation plans;<div style="display:inline-block;width:3.6px"> </div></div><div id="a84948" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:347.2px;">–</div><div id="a84949" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:93.09px;top:347.1px;"> </div><div id="a84950" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:347.2px;">brokerage receivables,<div style="display:inline-block;width:4.38px"> </div>for which contractual cash flows </div><div id="a84952" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:359.1px;">do not meet the SPPI criterion<div style="display:inline-block;width:4.25px"> </div>because the aggregate </div><div id="a84958" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:371.4px;">balance is accounted for as a<div style="display:inline-block;width:4.29px"> </div>single unit of account, </div><div id="a84963" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:383.2px;">with interest being calculated<div style="display:inline-block;width:4.1px"> </div>on the individual </div><div id="a84964" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:395px;">components; </div><div id="a84967" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:410.6px;">–</div><div id="a84968" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:93.09px;top:410.5px;"> </div><div id="a84969" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:410.6px;">auction rate securities, for<div style="display:inline-block;width:4.17px"> </div>which contractual cash flows </div><div id="a84971" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:422.5px;">do not meet the SPPI criterion<div style="display:inline-block;width:4.25px"> </div>because interest may be </div><div id="a84975" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:434.8px;">reset at rates that contain leverage<div style="display:inline-block;width:1.54px"> </div>; </div><div id="a84978" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:449.9px;">–</div><div id="a84979" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:93.09px;top:449.8px;"> </div><div id="a84980" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:449.9px;">equity<div style="display:inline-block;width:3.41px"> </div>instruments;<div style="display:inline-block;width:2.94px"> </div>and </div><div id="a84985" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:465.1px;">–</div><div id="a84986" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:93.09px;top:465px;"> </div><div id="a84987" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:465.1px;">assets held under unit-linked investment<div style="display:inline-block;width:4.51px"> </div>contracts.</div></div></div></div><div id="TextBlockContainer140" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:583px;height:182px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_138_XBRL_TS_bc0df837643846e3873eb7976faba0a8" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer139" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:583px;height:182px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a85031" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Classification, measurement<div style="display:inline-block;width:4.18px"> </div>and presentation of financial liabilities<div style="display:inline-block;width:3.97px"> </div></div><div id="a85035" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:7.463px;top:27.5px;">Financial liabilities classification </div><div id="a85040" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:172.126px;top:27.5px;">Significant items included </div><div id="a85042" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:427.179px;top:27.5px;">Measurement and<div style="display:inline-block;width:4.1px"> </div>presentation </div><div id="a85044" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:7.463px;top:49.2px;">Measured at amortized cost </div><div id="a85050" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:49.4px;">This classification includes: </div><div id="a85052" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:65.1px;">–</div><div id="a85053" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:177.326px;top:65px;"> </div><div id="a85054" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:183.512px;top:65.1px;">demand and time deposits;<div style="display:inline-block;width:3.87px"> </div></div><div id="a85056" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:80.2px;">–</div><div id="a85057" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:177.326px;top:80.1px;"> </div><div id="a85058" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:183.512px;top:80.2px;">retail savings / deposits; </div><div id="a85060" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:95.8px;">–</div><div id="a85061" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:177.326px;top:95.7px;"> </div><div id="a85062" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:183.512px;top:95.8px;">sweep deposits; </div><div id="a85064" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:111px;">–</div><div id="a85065" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:177.326px;top:110.9px;"> </div><div id="a85066" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:183.512px;top:111px;">payables<div style="display:inline-block;width:3.3px"> </div>from securities financing transactions<div style="display:inline-block;width:1.44px"> </div>;<div style="display:inline-block;width:2.44px"> </div></div><div id="a85073" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:126.1px;">–</div><div id="a85074" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:177.326px;top:126px;"> </div><div id="a85075" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:183.512px;top:126.1px;">non-structured debt<div style="display:inline-block;width:4.12px"> </div>issued;<div style="display:inline-block;width:2.53px"> </div></div><div id="a85081" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:141.7px;">–</div><div id="a85082" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:177.326px;top:141.6px;"> </div><div id="a85083" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:183.512px;top:141.7px;">subordinated debt;<div style="display:inline-block;width:3.79px"> </div></div><div id="a85085" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:156.8px;">–</div><div id="a85086" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:177.326px;top:156.7px;"> </div><div id="a85087" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:183.512px;top:156.8px;">commercial paper and<div style="display:inline-block;width:4.19px"> </div>certificates of deposit; and </div><div id="a85089" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:172.5px;">–</div><div id="a85090" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:177.326px;top:172.4px;"> </div><div id="a85091" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:183.512px;top:172.5px;">cash collateral payables on derivative<div style="display:inline-block;width:4.25px"> </div>instruments. </div></div></div></div><div id="TextBlockContainer144" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:680px;height:489px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_142_XBRL_TS_bc0df837643846e3873eb7976faba0a8_1" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer143" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:680px;height:489px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a85093" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:0px;">Measured at amortized<div style="display:inline-block;width:4.11px"> </div>cost using the effective interest </div><div id="a85096" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:12.3px;">method. </div><div id="a85099" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:43px;">When a financial liability at amortized<div style="display:inline-block;width:4.22px"> </div>cost is </div><div id="a85103" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:54.9px;">derecognized, the gain<div style="display:inline-block;width:4.25px"> </div>or loss is recognized in the income </div><div id="a85104" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:66.7px;">statement.<div style="display:inline-block;width:3.03px"> </div></div><div id="a85107" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:97.5px;">Interest Income generated<div style="display:inline-block;width:4.19px"> </div>from client deposits </div><div id="a85108" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:109.3px;">derecognized pursuant<div style="display:inline-block;width:4.24px"> </div>to certain deposit sweep programs </div><div id="a85109" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:121.6px;">is presented within </div><div id="a85110" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:507.168px;top:121.4px;">Net interest income from financial </div><div id="a85113" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:423.395px;top:133.2px;">instruments measured at fair value<div style="display:inline-block;width:4.17px"> </div>through profit or loss </div><div id="a85114" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:423.395px;top:145.5px;">and other</div><div id="a85115" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:465.515px;top:145.7px;">. </div><div id="a85117" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:169.1px;">Measured at </div><div id="a85118" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:180.9px;">FVTPL </div><div id="a85120" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:74.678px;top:169.4px;">Held for trading </div><div id="a85122" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:169.4px;">Financial liabilities held for trading include: </div><div id="a85124" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:184.5px;">–</div><div id="a85125" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:173.542px;top:184.4px;"> </div><div id="a85126" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:184.5px;">all derivatives with a negative replacement<div style="display:inline-block;width:4.84px"> </div>value </div><div id="a85127" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:196.3px;">(including certain loan commitments)<div style="display:inline-block;width:1.72px"> </div>,<div style="display:inline-block;width:2.44px"> </div>except those </div><div id="a85131" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:208.7px;">that are designated and<div style="display:inline-block;width:4.17px"> </div>effective hedging </div><div id="a85132" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:220.5px;">instruments; and </div><div id="a85134" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:235.6px;">–</div><div id="a85135" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:173.542px;top:235.5px;"> </div><div id="a85136" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:235.6px;">obligations to deliver financial<div style="display:inline-block;width:4.15px"> </div>instruments, such as </div><div id="a85137" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:247.9px;">debt and equity instruments,<div style="display:inline-block;width:4.3px"> </div>that UBS has sold to </div><div id="a85139" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:259.7px;">third parties but does not<div style="display:inline-block;width:4.16px"> </div>own (short positions). </div><div id="a85141" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:169.4px;">Measurement and presentation<div style="display:inline-block;width:4.6px"> </div>of financial liabilities </div><div id="a85146" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:181.2px;">classified at FVTPL follow the<div style="display:inline-block;width:4.34px"> </div>same principles as for </div><div id="a85147" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:193px;">financial assets classified at FVTPL, except<div style="display:inline-block;width:4.35px"> </div>that the amount </div><div id="a85148" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:205.3px;">of change in the fair value o<div style="display:inline-block;width:1.46px"> </div>f<div style="display:inline-block;width:2.4px"> </div>a financial liability </div><div id="a85153" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:217.2px;">designated at FVTPL that is<div style="display:inline-block;width:4.16px"> </div>attributable to changes in </div><div id="a85155" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:229px;">UBS’s own credit<div style="display:inline-block;width:4.1px"> </div>risk is presented in </div><div id="a85156" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:580.502px;top:228.8px;">Other comprehensive </div><div id="a85157" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:423.395px;top:241.1px;">income</div><div id="a85158" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:455.115px;top:241.3px;"><div style="display:inline-block;width:2.36px"> </div>directly within </div><div id="a85160" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:520.408px;top:241.1px;">Retained earnings </div><div id="a85161" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:599.448px;top:241.3px;">and is never </div><div id="a85162" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:253.1px;">reclassified to the income<div style="display:inline-block;width:4.19px"> </div>statement. </div><div id="a85166" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:283.9px;">Derivative liabilities (including derivatives<div style="display:inline-block;width:4.49px"> </div>that are </div><div id="a85170" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:295.7px;">designated and effective<div style="display:inline-block;width:4.26px"> </div>hedging instruments) are </div><div id="a85173" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:308px;">generally presented as </div><div id="a85174" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:521.822px;top:307.8px;">Derivative financial instruments,</div><div id="a85177" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:319.8px;">except those exchange<div style="display:inline-block;width:1.4px"> </div>-traded and OTC-cleared </div><div id="a85182" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:331.6px;">derivatives that are legally settled<div style="display:inline-block;width:4.36px"> </div>on a daily basis or </div><div id="a85187" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:343.9px;">economically net settled on a daily<div style="display:inline-block;width:4.24px"> </div>basis, which are </div><div id="a85190" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:355.8px;">presented within </div><div id="a85191" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:498.182px;top:355.6px;">Cash collateral payables on derivative </div><div id="a85192" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:423.395px;top:367.9px;">instruments. </div><div id="a85194" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:74.678px;top:283.4px;">Designated at </div><div id="a85195" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:74.678px;top:295.7px;">FVTPL </div><div id="a85197" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:283.4px;">UBS designates<div style="display:inline-block;width:3.58px"> </div>at FVTPL the following financial </div><div id="a85201" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:295.7px;">liabilities: </div><div id="a85203" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:168.342px;top:311.7px;">–</div><div id="a85204" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:173.542px;top:311.7px;"> </div><div id="a85205" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:311.8px;">issued hybrid debt instruments<div style="display:inline-block;width:4.13px"> </div>that primarily include </div><div id="a85206" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:324.5px;">equity-linked, credit<div style="display:inline-block;width:1.46px"> </div>-linked and rates-linked bonds or </div><div id="a85213" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:336.8px;">notes; </div><div id="a85215" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:348.7px;">–</div><div id="a85216" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:173.542px;top:348.6px;"> </div><div id="a85217" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:348.7px;">issued debt instruments managed<div style="display:inline-block;width:4.12px"> </div>on a fair value </div><div id="a85219" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:361px;">basis; </div><div id="a85222" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:376.1px;">–</div><div id="a85223" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:173.542px;top:376px;"> </div><div id="a85224" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:376.1px;">certain payables from<div style="display:inline-block;width:4.23px"> </div>securities financing </div><div id="a85228" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:387.9px;">transactions; </div><div id="a85230" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:403.5px;">–</div><div id="a85231" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:173.542px;top:403.4px;"> </div><div id="a85232" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:403.5px;">amounts due under unit<div style="display:inline-block;width:1.42px"> </div>-linked investment contracts, </div><div id="a85238" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:415.4px;">the cash flows of which are<div style="display:inline-block;width:4.39px"> </div>linked to financial assets </div><div id="a85243" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:427.7px;">measured at FVTPL and eliminate<div style="display:inline-block;width:4.28px"> </div>an accounting </div><div id="a85244" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:439.5px;">mismatch;<div style="display:inline-block;width:3.24px"> </div>and </div><div id="a85247" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:454.7px;">–</div><div id="a85248" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:173.542px;top:454.5px;"> </div><div id="a85249" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:454.7px;">brokerage payables, which arise<div style="display:inline-block;width:4.48px"> </div>in conjunction with </div><div id="a85251" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:466.9px;">brokerage receivables<div style="display:inline-block;width:4.33px"> </div>and are measured at FVTPL to </div><div id="a85253" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:478.8px;">achieve measurement consistency.</div></div></div></div> <div id="TextBlockContainer147" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:44px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a85295" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Loan<div style="display:inline-block;width:9.19px"> </div>commitments<div style="display:inline-block;width:8.84px"> </div>are<div style="display:inline-block;width:9.54px"> </div>arrangements<div style="display:inline-block;width:9.03px"> </div>to<div style="display:inline-block;width:9.03px"> </div>provide<div style="display:inline-block;width:9.37px"> </div>credit<div style="display:inline-block;width:9.29px"> </div>under<div style="display:inline-block;width:9.44px"> </div>defined<div style="display:inline-block;width:9.33px"> </div>terms<div style="display:inline-block;width:9.05px"> </div>and<div style="display:inline-block;width:9.71px"> </div>conditions.<div style="display:inline-block;width:9.11px"> </div>Irrevocable<div style="display:inline-block;width:8.71px"> </div>loan </div><div id="a85297" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.2px;">commitments<div style="display:inline-block;width:5.53px"> </div>are<div style="display:inline-block;width:5.76px"> </div>classified<div style="display:inline-block;width:5.31px"> </div>as:<div style="display:inline-block;width:5.36px"> </div>(i) derivative<div style="display:inline-block;width:5.76px"> </div>loan<div style="display:inline-block;width:5.98px"> </div>commitments<div style="display:inline-block;width:5.53px"> </div>measured<div style="display:inline-block;width:5.59px"> </div>at<div style="display:inline-block;width:5.52px"> </div>fair<div style="display:inline-block;width:5.74px"> </div>value<div style="display:inline-block;width:5.57px"> </div>through<div style="display:inline-block;width:6.15px"> </div>profit<div style="display:inline-block;width:5.28px"> </div>or<div style="display:inline-block;width:5.25px"> </div>loss;<div style="display:inline-block;width:5.5px"> </div>(ii) loan </div><div id="a85302" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">commitments<div style="display:inline-block;width:6.47px"> </div>designated<div style="display:inline-block;width:6.75px"> </div>at<div style="display:inline-block;width:5.99px"> </div>fair<div style="display:inline-block;width:5.74px"> </div>value<div style="display:inline-block;width:6.04px"> </div>through<div style="display:inline-block;width:7.09px"> </div>profit<div style="display:inline-block;width:6.23px"> </div>or<div style="display:inline-block;width:6.2px"> </div>loss;<div style="display:inline-block;width:6.45px"> </div>or<div style="display:inline-block;width:6.2px"> </div>(iii) loan<div style="display:inline-block;width:6.7px"> </div>commitments<div style="display:inline-block;width:6px"> </div>not<div style="display:inline-block;width:6.4px"> </div>measured<div style="display:inline-block;width:6.53px"> </div>at<div style="display:inline-block;width:5.99px"> </div>fair<div style="display:inline-block;width:5.86px"> </div>value.</div></div> <div id="TextBlockContainer149" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:44px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a85307" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Financial guarantee contracts are<div style="display:inline-block;width:5.65px"> </div>contracts that require<div style="display:inline-block;width:5.37px"> </div>UBS to make specified<div style="display:inline-block;width:5.18px"> </div>payments to reimburse<div style="display:inline-block;width:5.53px"> </div>the holder for an </div><div id="a85308" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">incurred loss<div style="display:inline-block;width:5.26px"> </div>because a<div style="display:inline-block;width:5.08px"> </div>specified debtor<div style="display:inline-block;width:5.5px"> </div>fails to<div style="display:inline-block;width:5.04px"> </div>make payments<div style="display:inline-block;width:5.57px"> </div>when due<div style="display:inline-block;width:5.75px"> </div>in accordance<div style="display:inline-block;width:5.49px"> </div>with the terms<div style="display:inline-block;width:5.57px"> </div>of a specified </div><div id="a85309" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.7px;">debt instrument.</div></div> <div id="TextBlockContainer151" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:243px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a85312" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">d.<div style="display:inline-block;width:4.09px"> </div>Interest income and expense </div><div id="a85315" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">Interest<div style="display:inline-block;width:5.13px"> </div>income<div style="display:inline-block;width:5.62px"> </div>and<div style="display:inline-block;width:5.61px"> </div>expense<div style="display:inline-block;width:5.45px"> </div>are<div style="display:inline-block;width:5.29px"> </div>recognized<div style="display:inline-block;width:6.06px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the<div style="display:inline-block;width:5.25px"> </div>income<div style="display:inline-block;width:5.15px"> </div>statement<div style="display:inline-block;width:5.31px"> </div>based<div style="display:inline-block;width:5.66px"> </div>on<div style="display:inline-block;width:5.61px"> </div>the<div style="display:inline-block;width:5.25px"> </div>effective<div style="display:inline-block;width:5.42px"> </div>interest<div style="display:inline-block;width:5.6px"> </div>method.<div style="display:inline-block;width:6.08px"> </div>When </div><div id="a85316" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.7px;">calculating the effective interest rate (the EIR) for financial instruments (other than credit-impaired financial<div style="display:inline-block;width:5.05px"> </div>instruments), </div><div id="a85319" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">UBS estimates future cash flows considering<div style="display:inline-block;width:5.55px"> </div>all contractual terms of the instrument, but not<div style="display:inline-block;width:5.12px"> </div>expected credit losses, with </div><div id="a85321" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61px;">the EIR applied to the gross<div style="display:inline-block;width:5.53px"> </div>carrying amount of the financial asset or the amortized<div style="display:inline-block;width:5.44px"> </div>cost of a financial liability.<div style="display:inline-block;width:5.94px"> </div>However, </div><div id="a85322" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.7px;">when<div style="display:inline-block;width:5.24px"> </div>a financial<div style="display:inline-block;width:5.52px"> </div>asset becomes<div style="display:inline-block;width:5.92px"> </div>credit-impaired<div style="display:inline-block;width:5.51px"> </div>after initial<div style="display:inline-block;width:5.42px"> </div>recognition,<div style="display:inline-block;width:5.84px"> </div>interest income<div style="display:inline-block;width:6.12px"> </div>is determined<div style="display:inline-block;width:5.77px"> </div>by applying<div style="display:inline-block;width:6.18px"> </div>the </div><div id="a85326" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:91.8px;">EIR<div style="display:inline-block;width:5.3px"> </div>to<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>amortized cost<div style="display:inline-block;width:6.26px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>instrument,<div style="display:inline-block;width:5.24px"> </div>which<div style="display:inline-block;width:5.4px"> </div>represents<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.25px"> </div>gross<div style="display:inline-block;width:5.79px"> </div>carrying amount<div style="display:inline-block;width:6.61px"> </div>adjusted<div style="display:inline-block;width:5.6px"> </div>for<div style="display:inline-block;width:5.1px"> </div>any<div style="display:inline-block;width:5.2px"> </div>credit<div style="display:inline-block;width:5.03px"> </div>loss </div><div id="a85327" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.4px;">allowance.<div style="display:inline-block;width:4.02px"> </div></div><div id="a85329" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:130.1px;">Upfront fees, including<div style="display:inline-block;width:5.03px"> </div>fees on loan commitments not measured at fair value where a loan<div style="display:inline-block;width:5.22px"> </div>is expected to be issued, and </div><div id="a85331" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:145.3px;">direct costs are<div style="display:inline-block;width:5.27px"> </div>included<div style="display:inline-block;width:5.22px"> </div>within the<div style="display:inline-block;width:5.07px"> </div>initial measurement<div style="display:inline-block;width:5.02px"> </div>of a<div style="display:inline-block;width:5.36px"> </div>financial instrument<div style="display:inline-block;width:5.45px"> </div>measured<div style="display:inline-block;width:5.12px"> </div>at amortized cost<div style="display:inline-block;width:5.26px"> </div>or FVOCI </div><div id="a85335" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.9px;">and recognized over the expected life of<div style="display:inline-block;width:5.1px"> </div>the instrument as part of its EIR. </div><div id="a85340" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183.6px;">Fees related<div style="display:inline-block;width:5.66px"> </div>to loan<div style="display:inline-block;width:5.66px"> </div>commitments where<div style="display:inline-block;width:6.03px"> </div>no loan<div style="display:inline-block;width:5.54px"> </div>is expected<div style="display:inline-block;width:5.57px"> </div>to be<div style="display:inline-block;width:5.56px"> </div>issued, as<div style="display:inline-block;width:5.39px"> </div>well as<div style="display:inline-block;width:5.25px"> </div>loan syndication<div style="display:inline-block;width:5.7px"> </div>fees where<div style="display:inline-block;width:5.59px"> </div>UBS </div><div id="a85341" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:198.7px;">does not<div style="display:inline-block;width:5.07px"> </div>retain a portion of<div style="display:inline-block;width:5.52px"> </div>the syndicated loan<div style="display:inline-block;width:5.28px"> </div>or where UBS does<div style="display:inline-block;width:5.82px"> </div>retain a portion of<div style="display:inline-block;width:5.05px"> </div>the syndicated loan<div style="display:inline-block;width:5.75px"> </div>at the same </div><div id="a85343" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:213.8px;">effective<div style="display:inline-block;width:5.89px"> </div>yield<div style="display:inline-block;width:5.47px"> </div>for<div style="display:inline-block;width:5.57px"> </div>comparable<div style="display:inline-block;width:6.14px"> </div>risk<div style="display:inline-block;width:5.94px"> </div>as<div style="display:inline-block;width:5.72px"> </div>other<div style="display:inline-block;width:5.93px"> </div>participants,<div style="display:inline-block;width:6.06px"> </div>are<div style="display:inline-block;width:5.76px"> </div>included<div style="display:inline-block;width:6.07px"> </div>in </div><div id="a85346" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:430.778px;top:213.6px;">Net<div style="display:inline-block;width:5.67px"> </div>fee<div style="display:inline-block;width:5.52px"> </div>and<div style="display:inline-block;width:6.08px"> </div>commission<div style="display:inline-block;width:5.66px"> </div>income </div><div id="a85348" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:625.738px;top:213.8px;">and<div style="display:inline-block;width:6.08px"> </div>either </div><div id="a85349" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:229.5px;">recognized over the life of the commitment<div style="display:inline-block;width:5.17px"> </div>or when syndication occurs.</div></div><div id="TextBlockContainer153" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:44px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a85361" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Interest<div style="display:inline-block;width:5.13px"> </div>income<div style="display:inline-block;width:5.18px"> </div>on<div style="display:inline-block;width:5.61px"> </div>financial<div style="display:inline-block;width:5.48px"> </div>assets,<div style="display:inline-block;width:5.3px"> </div>excluding<div style="display:inline-block;width:5.87px"> </div>derivatives,<div style="display:inline-block;width:5.11px"> </div>is<div style="display:inline-block;width:5.15px"> </div>included<div style="display:inline-block;width:5.6px"> </div>in<div style="display:inline-block;width:5.46px"> </div>interest<div style="display:inline-block;width:5.13px"> </div>income<div style="display:inline-block;width:5.68px"> </div>when<div style="display:inline-block;width:5.71px"> </div>positive<div style="display:inline-block;width:5.09px"> </div>and<div style="display:inline-block;width:5.61px"> </div>in<div style="display:inline-block;width:5.36px"> </div>interest </div><div id="a85369" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">expense<div style="display:inline-block;width:5.48px"> </div>when<div style="display:inline-block;width:5.71px"> </div>negative.<div style="display:inline-block;width:5.25px"> </div>Similarly,<div style="display:inline-block;width:5.6px"> </div>interest<div style="display:inline-block;width:5.6px"> </div>expense<div style="display:inline-block;width:5.45px"> </div>on<div style="display:inline-block;width:5.61px"> </div>financial<div style="display:inline-block;width:5.41px"> </div>liabilities,<div style="display:inline-block;width:5.72px"> </div>excluding<div style="display:inline-block;width:5.87px"> </div>derivatives,<div style="display:inline-block;width:5.58px"> </div>is<div style="display:inline-block;width:5.15px"> </div>included<div style="display:inline-block;width:6.42px"> </div>in<div style="display:inline-block;width:5.31px"> </div>interest </div><div id="a85375" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">expense, except when interest rates are<div style="display:inline-block;width:5.13px"> </div>negative, in which case it is included<div style="display:inline-block;width:5.63px"> </div>in interest income.</div></div> <div id="TextBlockContainer155" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:166px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a85393" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">e. Derecognition<div style="display:inline-block;width:4.27px"> </div></div><div id="a85398" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:22.5px;">Financial assets </div><div id="a85400" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:37.8px;">UBS derecognizes a transferred financial asset, or a portion of a financial asset, if the<div style="display:inline-block;width:2.33px"> </div>purchaser has received substantially </div><div id="a85404" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53px;">all the risks and rewards of the asset or a significant part of the risks and rewards combined with a practical ability to sell </div><div id="a85406" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:68.6px;">or pledge the asset.<div style="display:inline-block;width:4.81px"> </div></div><div id="a85410" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:91.3px;">Where<div style="display:inline-block;width:5.29px"> </div>financial<div style="display:inline-block;width:5.44px"> </div>assets<div style="display:inline-block;width:5.2px"> </div>have<div style="display:inline-block;width:5.2px"> </div>been<div style="display:inline-block;width:5.61px"> </div>pledged<div style="display:inline-block;width:5.91px"> </div>as<div style="display:inline-block;width:5.25px"> </div>collateral<div style="display:inline-block;width:5.06px"> </div>or<div style="display:inline-block;width:5.25px"> </div>in<div style="display:inline-block;width:5.3px"> </div>similar<div style="display:inline-block;width:5.1px"> </div>arrangements,<div style="display:inline-block;width:6.29px"> </div>they<div style="display:inline-block;width:5.05px"> </div>are<div style="display:inline-block;width:5.29px"> </div>considered<div style="display:inline-block;width:5.84px"> </div>to<div style="display:inline-block;width:5.25px"> </div>have<div style="display:inline-block;width:5.2px"> </div>been </div><div id="a85412" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:106.4px;">transferred<div style="display:inline-block;width:5.13px"> </div>if the<div style="display:inline-block;width:6.04px"> </div>counterparty has<div style="display:inline-block;width:6.29px"> </div>received<div style="display:inline-block;width:5.45px"> </div>the contractual<div style="display:inline-block;width:6.41px"> </div>rights<div style="display:inline-block;width:4.99px"> </div>to<div style="display:inline-block;width:5.25px"> </div>the cash<div style="display:inline-block;width:5.88px"> </div>flows<div style="display:inline-block;width:5.3px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>pledged<div style="display:inline-block;width:5.43px"> </div>assets, as<div style="display:inline-block;width:5.93px"> </div>may be </div><div id="a85416" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:121.6px;">evidenced<div style="display:inline-block;width:5.33px"> </div>by,<div style="display:inline-block;width:4.39px"> </div>for<div style="display:inline-block;width:5.1px"> </div>example,<div style="display:inline-block;width:5.05px"> </div>the<div style="display:inline-block;width:5.31px"> </div>counterparty’s<div style="display:inline-block;width:5.15px"> </div>right<div style="display:inline-block;width:5.2px"> </div>to<div style="display:inline-block;width:5.25px"> </div>sell<div style="display:inline-block;width:5.04px"> </div>or<div style="display:inline-block;width:5.25px"> </div>repledge<div style="display:inline-block;width:5.79px"> </div>the assets.<div style="display:inline-block;width:6.4px"> </div>In<div style="display:inline-block;width:5.3px"> </div>transfers where<div style="display:inline-block;width:6.8px"> </div>control<div style="display:inline-block;width:5.43px"> </div>over<div style="display:inline-block;width:5.05px"> </div>the </div><div id="a85421" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:137.2px;">financial asset is retained,<div style="display:inline-block;width:5.48px"> </div>UBS continues to recognize<div style="display:inline-block;width:5.55px"> </div>the asset to the<div style="display:inline-block;width:5.13px"> </div>extent of its continuing<div style="display:inline-block;width:6.17px"> </div>involvement, determined </div><div id="a85422" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:152.3px;">by the extent to which it is exposed<div style="display:inline-block;width:5.12px"> </div>to changes in the value of<div style="display:inline-block;width:5.06px"> </div>the transferred asset following<div style="display:inline-block;width:5.41px"> </div>the transfer.</div></div><div id="TextBlockContainer157" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:143px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a85434" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:0px;">Financial liabilities </div><div id="a85438" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.4px;">UBS<div style="display:inline-block;width:6.5px"> </div>derecognizes<div style="display:inline-block;width:6.58px"> </div>a<div style="display:inline-block;width:6.15px"> </div>financial<div style="display:inline-block;width:6.36px"> </div>liability<div style="display:inline-block;width:6.42px"> </div>when<div style="display:inline-block;width:6.82px"> </div>it<div style="display:inline-block;width:6.36px"> </div>is<div style="display:inline-block;width:6.09px"> </div>extinguished,<div style="display:inline-block;width:7.29px"> </div>i.e.,<div style="display:inline-block;width:6.39px"> </div>when<div style="display:inline-block;width:6.66px"> </div>the<div style="display:inline-block;width:6.2px"> </div>obligation<div style="display:inline-block;width:6.69px"> </div>specified<div style="display:inline-block;width:6.04px"> </div>in<div style="display:inline-block;width:6.25px"> </div>the<div style="display:inline-block;width:6.67px"> </div>contract<div style="display:inline-block;width:6.16px"> </div>is </div><div id="a85447" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.5px;">discharged,<div style="display:inline-block;width:4.32px"> </div>canceled or expires. When an existing financial liability is exchanged<div style="display:inline-block;width:5.51px"> </div>for a new one from the same lender on </div><div id="a85451" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.7px;">substantially<div style="display:inline-block;width:6.5px"> </div>different<div style="display:inline-block;width:7.73px"> </div>terms,<div style="display:inline-block;width:6.79px"> </div>or<div style="display:inline-block;width:7.14px"> </div>the<div style="display:inline-block;width:6.67px"> </div>terms<div style="display:inline-block;width:6.68px"> </div>of<div style="display:inline-block;width:6.67px"> </div>an<div style="display:inline-block;width:7.02px"> </div>existing<div style="display:inline-block;width:7.01px"> </div>liability<div style="display:inline-block;width:6.89px"> </div>are<div style="display:inline-block;width:6.71px"> </div>substantially<div style="display:inline-block;width:7.45px"> </div>modified,<div style="display:inline-block;width:6.82px"> </div>the<div style="display:inline-block;width:6.67px"> </div>original<div style="display:inline-block;width:7.23px"> </div>liability<div style="display:inline-block;width:7.08px"> </div>is </div><div id="a85456" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61.3px;">derecognized<div style="display:inline-block;width:6.32px"> </div>and<div style="display:inline-block;width:6.08px"> </div>a<div style="display:inline-block;width:5.67px"> </div>new<div style="display:inline-block;width:5.54px"> </div>liability<div style="display:inline-block;width:5.51px"> </div>recognized<div style="display:inline-block;width:6.09px"> </div>with<div style="display:inline-block;width:5.72px"> </div>any<div style="display:inline-block;width:5.67px"> </div>difference<div style="display:inline-block;width:6.26px"> </div>in<div style="display:inline-block;width:5.77px"> </div>the<div style="display:inline-block;width:5.72px"> </div>respective<div style="display:inline-block;width:6.3px"> </div>carrying<div style="display:inline-block;width:5.74px"> </div>amounts<div style="display:inline-block;width:6.22px"> </div>recorded<div style="display:inline-block;width:6.28px"> </div>in<div style="display:inline-block;width:5.77px"> </div>the </div><div id="a85464" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.4px;">income statement.<div style="display:inline-block;width:4.59px"> </div></div><div id="a85466" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.6px;">Certain OTC derivative<div style="display:inline-block;width:2.32px"> </div>contracts and most exchange-traded futures and option<div style="display:inline-block;width:2.67px"> </div>contracts cleared through central<div style="display:inline-block;width:2.31px"> </div>clearing </div><div id="a85473" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:114.8px;">counterparties and exchanges are considered<div style="display:inline-block;width:5.14px"> </div>to be settled on a daily basis,<div style="display:inline-block;width:3.26px"> </div>as the payment or receipt of variation margin </div><div id="a85482" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:129.9px;">on a daily basis represents<div style="display:inline-block;width:5.17px"> </div>legal or economic settlement, which results in derecognition<div style="display:inline-block;width:6.25px"> </div>of the associated derivatives.</div></div> <div id="TextBlockContainer159" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:60px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a85494" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">f.<div style="display:inline-block;width:3.73px"> </div>Fair value of financial instruments </div><div id="a85498" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">UBS accounts for a significant portion<div style="display:inline-block;width:5.36px"> </div>of its assets and liabilities at<div style="display:inline-block;width:5.28px"> </div>fair value. Fair value<div style="display:inline-block;width:5.48px"> </div>is the price on the measurement </div><div id="a85500" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.7px;">date that would be received for the<div style="display:inline-block;width:2.05px"> </div>sale of an asset or<div style="display:inline-block;width:2.03px"> </div>paid to transfer a liability<div style="display:inline-block;width:2.31px"> </div>in an orderly transaction between market </div><div id="a85502" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">participants in the principal market, or in<div style="display:inline-block;width:5.01px"> </div>the most advantageous<div style="display:inline-block;width:5.16px"> </div>market in the absence of a principal market.</div></div><div id="TextBlockContainer162" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:219px;height:10px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a85552" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Critical accounting estimates and judgments</div></div><div id="TextBlockContainer164" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:674px;height:77px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a85554" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:0px;">The use<div style="display:inline-block;width:4.32px"> </div>of valuation techniques,<div style="display:inline-block;width:4.39px"> </div>modeling assumptions<div style="display:inline-block;width:4.37px"> </div>and estimates of<div style="display:inline-block;width:4.17px"> </div>unobservable market<div style="display:inline-block;width:4.32px"> </div>inputs in the<div style="display:inline-block;width:4.52px"> </div>fair valuation of<div style="display:inline-block;width:4.17px"> </div>financial instruments<div style="display:inline-block;width:4.57px"> </div>requires </div><div id="a85559" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:13.3px;">significant<div style="display:inline-block;width:5.2px"> </div>judgment<div style="display:inline-block;width:5.03px"> </div>and<div style="display:inline-block;width:5.27px"> </div>could<div style="display:inline-block;width:4.24px"> </div>affect<div style="display:inline-block;width:5.24px"> </div>the<div style="display:inline-block;width:4.65px"> </div>amount<div style="display:inline-block;width:5.19px"> </div>of<div style="display:inline-block;width:4.88px"> </div>gain<div style="display:inline-block;width:4.48px"> </div>or<div style="display:inline-block;width:4.88px"> </div>loss<div style="display:inline-block;width:4.88px"> </div>recorded<div style="display:inline-block;width:5.4px"> </div>for<div style="display:inline-block;width:4.41px"> </div>a<div style="display:inline-block;width:4.97px"> </div>particular<div style="display:inline-block;width:5.21px"> </div>position.<div style="display:inline-block;width:4.71px"> </div>Valuation<div style="display:inline-block;width:5.66px"> </div>techniques<div style="display:inline-block;width:5.26px"> </div>that<div style="display:inline-block;width:5px"> </div>rely<div style="display:inline-block;width:5.15px"> </div>more<div style="display:inline-block;width:5.07px"> </div>heavily<div style="display:inline-block;width:4.89px"> </div>on </div><div id="a85561" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:26.5px;">unobservable<div style="display:inline-block;width:4.71px"> </div>inputs<div style="display:inline-block;width:4.38px"> </div>and<div style="display:inline-block;width:4.32px"> </div>sophisticated<div style="display:inline-block;width:4.4px"> </div>models<div style="display:inline-block;width:4.23px"> </div>inherently<div style="display:inline-block;width:5.1px"> </div>require<div style="display:inline-block;width:4.14px"> </div>a<div style="display:inline-block;width:4.49px"> </div>higher<div style="display:inline-block;width:4.16px"> </div>level of<div style="display:inline-block;width:5.6px"> </div>judgment<div style="display:inline-block;width:4.17px"> </div>and<div style="display:inline-block;width:4.32px"> </div>may<div style="display:inline-block;width:4.58px"> </div>require<div style="display:inline-block;width:4.17px"> </div>adjustment<div style="display:inline-block;width:5.03px"> </div>to reflect<div style="display:inline-block;width:5.63px"> </div>factors<div style="display:inline-block;width:4.42px"> </div>that<div style="display:inline-block;width:4.18px"> </div>market </div><div id="a85569" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:40.2px;">participants would consider<div style="display:inline-block;width:4.14px"> </div>in estimating fair value, such as close<div style="display:inline-block;width:1.5px"> </div>-out costs, which are presented in Note 2<div style="display:inline-block;width:1.44px"> </div>0d.<div style="display:inline-block;width:2.26px"> </div></div><div id="a85576" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:53.5px;">UBS‘s<div style="display:inline-block;width:2.75px"> </div>governance framework over fair value measurement is described in Note 20b,<div style="display:inline-block;width:1.88px"> </div>and UBS provides a sensitivity analysis of the<div style="display:inline-block;width:1.3px"> </div>estimated effects arising </div><div id="a85585" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:66.7px;">from changing significant<div style="display:inline-block;width:4.09px"> </div>unobservable inputs in Level 3<div style="display:inline-block;width:4.13px"> </div>financial instruments to reasonably possible<div style="display:inline-block;width:4.15px"> </div>alternative assumptions in Note 20f.</div></div> <div id="TextBlockContainer167" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:534px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a85601" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">g.<div style="display:inline-block;width:4.09px"> </div>Allowances and provisions for expected credit losses </div><div id="a85610" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">ECL are<div style="display:inline-block;width:5.82px"> </div>recognized<div style="display:inline-block;width:5.12px"> </div>for financial<div style="display:inline-block;width:5.88px"> </div>assets measured<div style="display:inline-block;width:6.16px"> </div>at amortized<div style="display:inline-block;width:6.21px"> </div>cost, financial<div style="display:inline-block;width:5.52px"> </div>assets<div style="display:inline-block;width:5.67px"> </div>measured<div style="display:inline-block;width:5.12px"> </div>at FVOCI,<div style="display:inline-block;width:5.42px"> </div>fee and<div style="display:inline-block;width:6.03px"> </div>lease </div><div id="a85611" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.7px;">receivables,<div style="display:inline-block;width:5.5px"> </div>financial<div style="display:inline-block;width:5.41px"> </div>guarantees,<div style="display:inline-block;width:5.66px"> </div>and<div style="display:inline-block;width:5.61px"> </div>loan<div style="display:inline-block;width:5.5px"> </div>commitments<div style="display:inline-block;width:5.06px"> </div>not<div style="display:inline-block;width:5.45px"> </div>measured<div style="display:inline-block;width:6.06px"> </div>at<div style="display:inline-block;width:5.05px"> </div>fair<div style="display:inline-block;width:5.26px"> </div>value.<div style="display:inline-block;width:5.67px"> </div>ECL<div style="display:inline-block;width:5.15px"> </div>are<div style="display:inline-block;width:5.29px"> </div>also<div style="display:inline-block;width:5.35px"> </div>recognized<div style="display:inline-block;width:6.42px"> </div>on<div style="display:inline-block;width:5.61px"> </div>the </div><div id="a85613" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">undrawn portion<div style="display:inline-block;width:5.52px"> </div>of committed unconditionally<div style="display:inline-block;width:5.38px"> </div>revocable credit<div style="display:inline-block;width:5.34px"> </div>lines, which<div style="display:inline-block;width:5.18px"> </div>include UBS’s<div style="display:inline-block;width:5.06px"> </div>credit card limits<div style="display:inline-block;width:5.23px"> </div>and master </div><div id="a85617" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61px;">credit facilities, as UBS is exposed to credit risk because the borrower<div style="display:inline-block;width:5.24px"> </div>has the ability to draw down funds before UBS can </div><div id="a85619" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.6px;">take credit risk mitigation actions. </div><div id="a85621" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:99.1px;">Recognition of expected credit losses<div style="display:inline-block;width:5.18px"> </div></div><div id="a85623" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:114.5px;">ECL are recognized on<div style="display:inline-block;width:5.4px"> </div>the following basis. </div><div id="a85628" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:130.1px;">–</div><div id="a85629" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:130px;"> </div><div id="a85630" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:130.1px;">Stage 1 instruments: Maximum 12-month ECL are recognized from initial<div style="display:inline-block;width:1.77px"> </div>recognition, reflecting the portion of lifetime </div><div id="a85638" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:145.3px;">cash shortfalls that would<div style="display:inline-block;width:5.02px"> </div>result if a default occurs in<div style="display:inline-block;width:5.06px"> </div>the 12 months after the<div style="display:inline-block;width:5.06px"> </div>reporting date, weighted<div style="display:inline-block;width:5.55px"> </div>by the risk of </div><div id="a85640" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:160.4px;">a default occurring.<div style="display:inline-block;width:4.65px"> </div></div><div id="a85642" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:176px;">–</div><div id="a85643" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:175.8px;"> </div><div id="a85644" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:176px;">Stage 2 instruments: Lifetime ECL are recognized if<div style="display:inline-block;width:2.29px"> </div>a significant increase in credit risk (an SICR) is<div style="display:inline-block;width:1.97px"> </div>observed subsequent </div><div id="a85647" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:191.1px;">to<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>instrument’s<div style="display:inline-block;width:5.8px"> </div>initial<div style="display:inline-block;width:5.78px"> </div>recognition,<div style="display:inline-block;width:5.84px"> </div>reflecting<div style="display:inline-block;width:5.45px"> </div>lifetime<div style="display:inline-block;width:5.85px"> </div>cash<div style="display:inline-block;width:5.25px"> </div>shortfalls<div style="display:inline-block;width:5.98px"> </div>that<div style="display:inline-block;width:5.57px"> </div>would<div style="display:inline-block;width:5.81px"> </div>result<div style="display:inline-block;width:5.28px"> </div>from<div style="display:inline-block;width:5.66px"> </div>all<div style="display:inline-block;width:5.47px"> </div>possible<div style="display:inline-block;width:5.7px"> </div>default </div><div id="a85649" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:206.8px;">events over<div style="display:inline-block;width:5.05px"> </div>the expected<div style="display:inline-block;width:5.2px"> </div>life of a<div style="display:inline-block;width:5.57px"> </div>financial instrument,<div style="display:inline-block;width:5.56px"> </div>weighted by<div style="display:inline-block;width:5.29px"> </div>the risk of<div style="display:inline-block;width:5.3px"> </div>a default<div style="display:inline-block;width:5.3px"> </div>occurring. When<div style="display:inline-block;width:5.61px"> </div>an SICR<div style="display:inline-block;width:5.29px"> </div>is </div><div id="a85650" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:221.9px;">no longer observed, the instrument will<div style="display:inline-block;width:5.33px"> </div>move back to stage 1. </div><div id="a85655" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:237.5px;">–</div><div id="a85656" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:237.4px;"> </div><div id="a85657" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:237.5px;">Stage 3<div style="display:inline-block;width:5.12px"> </div>instruments: Lifetime<div style="display:inline-block;width:5.47px"> </div>ECL are<div style="display:inline-block;width:5.82px"> </div>always recognized<div style="display:inline-block;width:6.01px"> </div>for credit-impaired<div style="display:inline-block;width:6.17px"> </div>financial instruments,<div style="display:inline-block;width:6.08px"> </div>as determined<div style="display:inline-block;width:5.87px"> </div>by </div><div id="a85662" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:252.6px;">the occurrence<div style="display:inline-block;width:5.76px"> </div>of one<div style="display:inline-block;width:5.76px"> </div>or more<div style="display:inline-block;width:5.96px"> </div>loss events,<div style="display:inline-block;width:5.5px"> </div>by estimating<div style="display:inline-block;width:5.56px"> </div>expected cash<div style="display:inline-block;width:5.68px"> </div>flows based<div style="display:inline-block;width:5.86px"> </div>on a<div style="display:inline-block;width:5.24px"> </div>chosen<div style="display:inline-block;width:5.06px"> </div>recovery strategy. </div><div id="a85666" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:267.8px;">Credit-impaired exposures<div style="display:inline-block;width:6.08px"> </div>may include<div style="display:inline-block;width:5.15px"> </div>positions for<div style="display:inline-block;width:5.27px"> </div>which no<div style="display:inline-block;width:5.91px"> </div>allowance has<div style="display:inline-block;width:5.18px"> </div>been recognized,<div style="display:inline-block;width:5.73px"> </div>for example because </div><div id="a85669" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:283.4px;">they are expected to be fully recoverable through<div style="display:inline-block;width:5.9px"> </div>collateral held. </div><div id="a85671" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:298.5px;">–</div><div id="a85672" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:298.4px;"> </div><div id="a85673" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:298.5px;">Changes in lifetime ECL since initial recognition<div style="display:inline-block;width:5.55px"> </div>are also recognized for assets that are<div style="display:inline-block;width:5.59px"> </div>purchased or originated<div style="display:inline-block;width:5.08px"> </div>credit-</div><div id="a85676" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:314.1px;">impaired (POCI).<div style="display:inline-block;width:5.22px"> </div>POCI financial instruments<div style="display:inline-block;width:6.02px"> </div>include those<div style="display:inline-block;width:5.33px"> </div>that are<div style="display:inline-block;width:5.07px"> </div>purchased at<div style="display:inline-block;width:5.42px"> </div>a deep discount<div style="display:inline-block;width:5.84px"> </div>or newly originated </div><div id="a85680" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:329.3px;">with a defaulted counterparty;<div style="display:inline-block;width:4.83px"> </div>they remain a separate category until<div style="display:inline-block;width:5.28px"> </div>derecognition.<div style="display:inline-block;width:4.78px"> </div></div><div id="a85683" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:352px;">All or part of<div style="display:inline-block;width:2.14px"> </div>a financial<div style="display:inline-block;width:2.21px"> </div>asset is written<div style="display:inline-block;width:2.21px"> </div>off if it<div style="display:inline-block;width:2.19px"> </div>is deemed uncollectible<div style="display:inline-block;width:2.13px"> </div>or forgiven. Write-offs reduce the<div style="display:inline-block;width:2.29px"> </div>principal amount </div><div id="a85686" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:367.1px;">of a claim<div style="display:inline-block;width:2.06px"> </div>and are charged against related allowances for<div style="display:inline-block;width:2.11px"> </div>credit losses. Recoveries,<div style="display:inline-block;width:3.4px"> </div>in part or in full,<div style="display:inline-block;width:1.92px"> </div>of amounts previously </div><div id="a85690" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:382.7px;">written off are generally credited to </div><div id="a85691" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:210.272px;top:382.5px;">Credit loss expense / (release)</div><div id="a85692" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:375.885px;top:382.7px;">.<div style="display:inline-block;width:4.36px"> </div></div><div id="a85694" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:405.4px;">ECL are recognized in the income statement in </div><div id="a85695" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:270.832px;top:405.2px;">Credit loss expense / (release)</div><div id="a85696" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:435.498px;top:405.4px;">. A corresponding ECL allowance is reported </div><div id="a85697" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:420.6px;">as a decrease<div style="display:inline-block;width:5.59px"> </div>in the carrying<div style="display:inline-block;width:5.62px"> </div>amount of<div style="display:inline-block;width:5.18px"> </div>financial assets measured<div style="display:inline-block;width:5.72px"> </div>at amortized<div style="display:inline-block;width:5.26px"> </div>cost on<div style="display:inline-block;width:5.13px"> </div>the balance sheet.<div style="display:inline-block;width:5.76px"> </div>For financial </div><div id="a85699" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:436.2px;">assets that<div style="display:inline-block;width:5.67px"> </div>are<div style="display:inline-block;width:5.29px"> </div>measured<div style="display:inline-block;width:5.12px"> </div>at FVOCI,<div style="display:inline-block;width:5.9px"> </div>the carrying<div style="display:inline-block;width:6.36px"> </div>amount<div style="display:inline-block;width:5.03px"> </div>is not<div style="display:inline-block;width:5.98px"> </div>reduced,<div style="display:inline-block;width:5.32px"> </div>but an<div style="display:inline-block;width:6.23px"> </div>accumulated amount<div style="display:inline-block;width:5.87px"> </div>is recognized<div style="display:inline-block;width:6.11px"> </div>in </div><div id="a85700" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:451.1px;">Other comprehensive<div style="display:inline-block;width:6.09px"> </div>income</div><div id="a85701" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:172.885px;top:451.3px;">. For<div style="display:inline-block;width:5.73px"> </div>off-balance sheet<div style="display:inline-block;width:5.99px"> </div>financial instruments<div style="display:inline-block;width:5.98px"> </div>and<div style="display:inline-block;width:5.13px"> </div>other credit<div style="display:inline-block;width:5.86px"> </div>lines, provisions<div style="display:inline-block;width:6.04px"> </div>for ECL<div style="display:inline-block;width:5.63px"> </div>are </div><div id="a85705" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:466.5px;">presented in </div><div id="a85706" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:79.214px;top:466.2px;">Provisions. </div><div id="a85709" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:489.4px;">Default and credit impairment </div><div id="a85711" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:504.8px;">UBS<div style="display:inline-block;width:5.56px"> </div>applies<div style="display:inline-block;width:5.45px"> </div>a<div style="display:inline-block;width:5.2px"> </div>single definition<div style="display:inline-block;width:6.69px"> </div>of<div style="display:inline-block;width:5.25px"> </div>default<div style="display:inline-block;width:5.2px"> </div>for<div style="display:inline-block;width:5.1px"> </div>credit<div style="display:inline-block;width:5.03px"> </div>risk<div style="display:inline-block;width:5.66px"> </div>management<div style="display:inline-block;width:5.41px"> </div>purposes,<div style="display:inline-block;width:6.06px"> </div>regulatory<div style="display:inline-block;width:5.28px"> </div>reporting<div style="display:inline-block;width:5.69px"> </div>and<div style="display:inline-block;width:5.61px"> </div>ECL,<div style="display:inline-block;width:5.26px"> </div>with<div style="display:inline-block;width:5.25px"> </div>a </div><div id="a85715" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:519.9px;">counterparty classified as defaulted based<div style="display:inline-block;width:5.27px"> </div>on quantitative and qualitative criteria.</div></div><div id="TextBlockContainer169" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:251px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a85737" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:0px;">Measurement of expected credit losses </div><div id="a85742" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.4px;">IFRS 9 ECL<div style="display:inline-block;width:5.02px"> </div>reflect an unbiased,<div style="display:inline-block;width:6.42px"> </div>probability-weighted estimate<div style="display:inline-block;width:5.45px"> </div>based on<div style="display:inline-block;width:5.69px"> </div>loss expectations resulting<div style="display:inline-block;width:5.83px"> </div>from default events. </div><div id="a85747" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.6px;">The method<div style="display:inline-block;width:5.34px"> </div>used to<div style="display:inline-block;width:5.34px"> </div>calculate ECL<div style="display:inline-block;width:5.17px"> </div>applies the<div style="display:inline-block;width:5.6px"> </div>following<div style="display:inline-block;width:5.18px"> </div>principal factors:<div style="display:inline-block;width:5.41px"> </div>probability of<div style="display:inline-block;width:5.58px"> </div>default (PD),<div style="display:inline-block;width:5.77px"> </div>loss given<div style="display:inline-block;width:5.13px"> </div>default </div><div id="a85748" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.7px;">(LGD) and<div style="display:inline-block;width:6.24px"> </div>exposure at<div style="display:inline-block;width:5.75px"> </div>default (EAD).<div style="display:inline-block;width:5.92px"> </div>Parameters are<div style="display:inline-block;width:5.3px"> </div>generally<div style="display:inline-block;width:5.04px"> </div>determined on<div style="display:inline-block;width:6.23px"> </div>an individual<div style="display:inline-block;width:5.23px"> </div>financial asset<div style="display:inline-block;width:5.46px"> </div>level. Based </div><div id="a85750" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61.3px;">on the<div style="display:inline-block;width:5.29px"> </div>materiality of the portfolio,<div style="display:inline-block;width:5.67px"> </div>for credit card<div style="display:inline-block;width:5.22px"> </div>exposures and<div style="display:inline-block;width:5.83px"> </div>personal account overdrafts<div style="display:inline-block;width:5.26px"> </div>in Switzerland,<div style="display:inline-block;width:5.3px"> </div>a portfolio </div><div id="a85751" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.4px;">approach is applied that derives<div style="display:inline-block;width:2.22px"> </div>an average PD and LGD<div style="display:inline-block;width:2.29px"> </div>for the entire portfolio. PDs<div style="display:inline-block;width:2.26px"> </div>and LGDs used in<div style="display:inline-block;width:2.11px"> </div>the ECL calculation </div><div id="a85753" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:92px;">are point-in-time<div style="display:inline-block;width:5.06px"> </div>(PIT)-based for<div style="display:inline-block;width:5.2px"> </div>key portfolios<div style="display:inline-block;width:5.29px"> </div>and consider<div style="display:inline-block;width:5.43px"> </div>both current<div style="display:inline-block;width:5.27px"> </div>conditions and<div style="display:inline-block;width:5.73px"> </div>expected cyclical changes.<div style="display:inline-block;width:5.64px"> </div>For </div><div id="a85760" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.2px;">material portfolios, PDs and LGDs are<div style="display:inline-block;width:2.16px"> </div>determined for different scenarios, whereas EAD projections are treated as<div style="display:inline-block;width:2.13px"> </div>scenario </div><div id="a85762" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:122.8px;">independent. </div><div id="a85764" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:145.5px;">For the purpose<div style="display:inline-block;width:6.01px"> </div>of determining the<div style="display:inline-block;width:5.18px"> </div>ECL-relevant parameters,<div style="display:inline-block;width:5.31px"> </div>UBS leverages its<div style="display:inline-block;width:5.48px"> </div>Basel III advanced<div style="display:inline-block;width:5.5px"> </div>internal ratings-based </div><div id="a85773" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.6px;">(A-IRB) models that are also<div style="display:inline-block;width:2.09px"> </div>used in determining expected loss<div style="display:inline-block;width:2.26px"> </div>(EL) and risk-weighted assets under the<div style="display:inline-block;width:2.2px"> </div>Basel III framework </div><div id="a85782" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:175.8px;">and<div style="display:inline-block;width:6.08px"> </div>Pillar 2<div style="display:inline-block;width:5.55px"> </div>stress<div style="display:inline-block;width:5.75px"> </div>loss<div style="display:inline-block;width:5.87px"> </div>models.<div style="display:inline-block;width:5.6px"> </div>Adjustments<div style="display:inline-block;width:6px"> </div>have<div style="display:inline-block;width:5.67px"> </div>been<div style="display:inline-block;width:6.08px"> </div>made<div style="display:inline-block;width:5.72px"> </div>to<div style="display:inline-block;width:5.25px"> </div>these<div style="display:inline-block;width:5.77px"> </div>models<div style="display:inline-block;width:5.87px"> </div>and<div style="display:inline-block;width:5.61px"> </div>IFRS<div style="display:inline-block;width:5.57px"> </div>9-related<div style="display:inline-block;width:5.91px"> </div>models<div style="display:inline-block;width:5.87px"> </div>have<div style="display:inline-block;width:5.67px"> </div>been </div><div id="a85790" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:191.4px;">developed that consider the complexity, structure<div style="display:inline-block;width:5.42px"> </div>and risk profile of relevant portfolios<div style="display:inline-block;width:5.38px"> </div>and take account of the fact that </div><div id="a85792" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:206.5px;">PDs and LGDs used in<div style="display:inline-block;width:1.95px"> </div>the ECL calculation<div style="display:inline-block;width:2.31px"> </div>are PIT-based,<div style="display:inline-block;width:1.59px"> </div>as opposed to the corresponding Basel III through-the-cycle<div style="display:inline-block;width:2.12px"> </div>(TTC) </div><div id="a85801" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:222.1px;">parameters. All models<div style="display:inline-block;width:5.77px"> </div>that are relevant<div style="display:inline-block;width:5.22px"> </div>for measuring expected<div style="display:inline-block;width:5.4px"> </div>credit losses<div style="display:inline-block;width:5.19px"> </div>are subject to<div style="display:inline-block;width:5.07px"> </div>UBS’s model<div style="display:inline-block;width:5.02px"> </div>validation and </div><div id="a85803" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:237.3px;">oversight processes.</div></div><div id="TextBlockContainer173" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:699px;height:869px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a85841" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:0px;">Probability of default: </div><div id="a85842" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:130.792px;top:0.3px;">PD represents<div style="display:inline-block;width:5.03px"> </div>the probability of a default<div style="display:inline-block;width:5.56px"> </div>over a specified time<div style="display:inline-block;width:5.31px"> </div>period. A 12<div style="display:inline-block;width:1.38px"> </div>-month PD represents </div><div id="a85848" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.9px;">the probability of default determined<div style="display:inline-block;width:5.17px"> </div>for the next 12 months and a lifetime PD represents<div style="display:inline-block;width:5.1px"> </div>the probability of default over </div><div id="a85856" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:31px;">the remaining lifetime<div style="display:inline-block;width:2.18px"> </div>of the instrument. PIT<div style="display:inline-block;width:2.24px"> </div>PDs are derived<div style="display:inline-block;width:2.33px"> </div>from TTC PDs and<div style="display:inline-block;width:1.53px"> </div>scenario forecasts. The modeling is<div style="display:inline-block;width:1.93px"> </div>region, </div><div id="a85857" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.6px;">industry and<div style="display:inline-block;width:5.28px"> </div>client segment<div style="display:inline-block;width:5.19px"> </div>specific and<div style="display:inline-block;width:5.67px"> </div>considers both<div style="display:inline-block;width:5.59px"> </div>macroeconomic scenario<div style="display:inline-block;width:5.78px"> </div>dependencies<div style="display:inline-block;width:5.48px"> </div>and client-idiosyncratic </div><div id="a85865" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.8px;">information. </div><div id="a85867" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:84.2px;">Exposure at default: </div><div id="a85868" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:120.352px;top:84.5px;">EAD represents an estimate of the exposure to credit<div style="display:inline-block;width:1.87px"> </div>risk at the time of<div style="display:inline-block;width:2.11px"> </div>a potential default occurring, </div><div id="a85869" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.6px;">considering expected repayments, interest payments<div style="display:inline-block;width:5.68px"> </div>and accruals, discounted<div style="display:inline-block;width:5.16px"> </div>at the EIR. Future drawdowns on<div style="display:inline-block;width:5.38px"> </div>facilities </div><div id="a85871" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:115.2px;">are considered<div style="display:inline-block;width:5.56px"> </div>through a<div style="display:inline-block;width:5.3px"> </div>credit conversion factor<div style="display:inline-block;width:5.45px"> </div>(a<div style="display:inline-block;width:4.55px"> </div>CCF) that is<div style="display:inline-block;width:5.46px"> </div>reflective of historical<div style="display:inline-block;width:6.15px"> </div>drawdown<div style="display:inline-block;width:5.12px"> </div>and default<div style="display:inline-block;width:5.23px"> </div>patterns </div><div id="a85874" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:130.4px;">and the characteristics of the respective portfolios. </div><div id="a85876" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:153.3px;">Loss given default: </div><div id="a85878" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:112.312px;top:153.5px;">LGD represents an estimate<div style="display:inline-block;width:2.26px"> </div>of the loss at the time of a potential<div style="display:inline-block;width:2.17px"> </div>default occurring, taking<div style="display:inline-block;width:2.34px"> </div>into account </div><div id="a85879" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:168.7px;">expected<div style="display:inline-block;width:7.41px"> </div>future<div style="display:inline-block;width:6.8px"> </div>cash<div style="display:inline-block;width:7.14px"> </div>flows<div style="display:inline-block;width:7.19px"> </div>from<div style="display:inline-block;width:7.08px"> </div>collateral<div style="display:inline-block;width:6.47px"> </div>and<div style="display:inline-block;width:7.03px"> </div>other<div style="display:inline-block;width:7.19px"> </div>credit<div style="display:inline-block;width:6.92px"> </div>enhancements,<div style="display:inline-block;width:6.13px"> </div>or<div style="display:inline-block;width:7.62px"> </div>expected<div style="display:inline-block;width:6.47px"> </div>payouts<div style="display:inline-block;width:7.39px"> </div>from<div style="display:inline-block;width:6.6px"> </div>bankruptcy </div><div id="a85880" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:183.8px;">proceedings for unsecured<div style="display:inline-block;width:2.16px"> </div>claims and, where applicable,<div style="display:inline-block;width:1.5px"> </div>time to realization<div style="display:inline-block;width:2.03px"> </div>of collateral and the<div style="display:inline-block;width:2.09px"> </div>seniority of claims.<div style="display:inline-block;width:1.95px"> </div>LGD is </div><div id="a85883" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:199px;">commonly expressed<div style="display:inline-block;width:2.17px"> </div>as a percentage of<div style="display:inline-block;width:2.17px"> </div>EAD. </div><div id="a85885" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#E60000;left:4.905px;top:221.9px;">Estimation of expected credit losses </div><div id="a85892" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:244.6px;">Number of scenarios and estimation<div style="display:inline-block;width:5.2px"> </div>of scenario weights </div><div id="a85897" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:260px;">Determination of<div style="display:inline-block;width:1.98px"> </div>probability-weighted ECL<div style="display:inline-block;width:2.05px"> </div>requires evaluating<div style="display:inline-block;width:2.09px"> </div>a range of diverse<div style="display:inline-block;width:1.82px"> </div>and relevant future<div style="display:inline-block;width:2.04px"> </div>economic conditions, </div><div id="a85901" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:275.1px;">especially with a view<div style="display:inline-block;width:2.06px"> </div>to modeling the<div style="display:inline-block;width:1.7px"> </div>non-linear effect of assumptions<div style="display:inline-block;width:1.41px"> </div>about macroeconomic<div style="display:inline-block;width:2.33px"> </div>factors on the<div style="display:inline-block;width:2.14px"> </div>estimate.<div style="display:inline-block;width:2.68px"> </div></div><div id="a85905" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:297.8px;">To<div style="display:inline-block;width:6.87px"> </div>accommodate<div style="display:inline-block;width:6.36px"> </div>this<div style="display:inline-block;width:6.61px"> </div>requirement,<div style="display:inline-block;width:7.09px"> </div>UBS<div style="display:inline-block;width:6.5px"> </div>uses<div style="display:inline-block;width:6.45px"> </div>different<div style="display:inline-block;width:6.95px"> </div>economic<div style="display:inline-block;width:6.57px"> </div>scenarios<div style="display:inline-block;width:6.66px"> </div>in<div style="display:inline-block;width:6.72px"> </div>the<div style="display:inline-block;width:6.67px"> </div>ECL<div style="display:inline-block;width:6.57px"> </div>calculation.<div style="display:inline-block;width:6.46px"> </div>Each<div style="display:inline-block;width:6.62px"> </div>scenario<div style="display:inline-block;width:6.61px"> </div>is </div><div id="a85907" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:313px;">represented<div style="display:inline-block;width:5.88px"> </div>by a<div style="display:inline-block;width:6.25px"> </div>specific scenario<div style="display:inline-block;width:6.2px"> </div>narrative,<div style="display:inline-block;width:5.21px"> </div>which<div style="display:inline-block;width:5.4px"> </div>is<div style="display:inline-block;width:5.15px"> </div>relevant<div style="display:inline-block;width:5.03px"> </div>considering<div style="display:inline-block;width:5.7px"> </div>the exposure<div style="display:inline-block;width:6.37px"> </div>of key<div style="display:inline-block;width:6.1px"> </div>portfolios<div style="display:inline-block;width:5.39px"> </div>to<div style="display:inline-block;width:5.25px"> </div>economic </div><div id="a85908" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:328.6px;">risks, and for which<div style="display:inline-block;width:2.18px"> </div>a set of<div style="display:inline-block;width:2.05px"> </div>consistent macroeconomic variables is determined. The<div style="display:inline-block;width:2.18px"> </div>estimation of the appropriate weights </div><div id="a85911" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:343.8px;">for<div style="display:inline-block;width:5.57px"> </div>these<div style="display:inline-block;width:5.77px"> </div>scenarios<div style="display:inline-block;width:5.72px"> </div>is<div style="display:inline-block;width:5.62px"> </div>predominantly<div style="display:inline-block;width:6.05px"> </div>judgment-based.<div style="display:inline-block;width:6.67px"> </div>The<div style="display:inline-block;width:5.4px"> </div>assessment<div style="display:inline-block;width:5.77px"> </div>is<div style="display:inline-block;width:5.62px"> </div>based<div style="display:inline-block;width:5.66px"> </div>on<div style="display:inline-block;width:5.13px"> </div>a<div style="display:inline-block;width:5.67px"> </div>holistic review<div style="display:inline-block;width:6.87px"> </div>of<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>prevailing </div><div id="a85915" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:359.4px;">economic or<div style="display:inline-block;width:5.77px"> </div>political<div style="display:inline-block;width:5.78px"> </div>conditions,<div style="display:inline-block;width:5.33px"> </div>which may<div style="display:inline-block;width:6.1px"> </div>exhibit<div style="display:inline-block;width:5.04px"> </div>different levels<div style="display:inline-block;width:6.53px"> </div>of uncertainty.<div style="display:inline-block;width:6.31px"> </div>It<div style="display:inline-block;width:5.23px"> </div>takes<div style="display:inline-block;width:5.1px"> </div>into account<div style="display:inline-block;width:6.45px"> </div>the impact<div style="display:inline-block;width:5.89px"> </div>of </div><div id="a85917" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:374.5px;">changes in the nature<div style="display:inline-block;width:5.03px"> </div>and severity of the underlying scenario narratives<div style="display:inline-block;width:5.01px"> </div>and the projected economic variables.<div style="display:inline-block;width:9.26px"> </div></div><div id="a85920" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:397.7px;">The determined<div style="display:inline-block;width:5.08px"> </div>weights constitute<div style="display:inline-block;width:5.02px"> </div>the probabilities that<div style="display:inline-block;width:5.26px"> </div>the respective<div style="display:inline-block;width:5.03px"> </div>set of macroeconomic<div style="display:inline-block;width:5.23px"> </div>conditions will<div style="display:inline-block;width:5.5px"> </div>occur and </div><div id="a85923" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:412.8px;">not that the chosen particular narratives with<div style="display:inline-block;width:5.07px"> </div>the related macroeconomic variables<div style="display:inline-block;width:5.16px"> </div>will materialize. </div><div id="a85925" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:435.3px;">Macroeconomic and other factors </div><div id="a85929" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:450.7px;">The range<div style="display:inline-block;width:5.29px"> </div>of macroeconomic,<div style="display:inline-block;width:5.81px"> </div>market and<div style="display:inline-block;width:5.72px"> </div>other factors<div style="display:inline-block;width:5.47px"> </div>that is<div style="display:inline-block;width:5.15px"> </div>modeled as<div style="display:inline-block;width:5.7px"> </div>part of<div style="display:inline-block;width:5.25px"> </div>the scenario<div style="display:inline-block;width:5.35px"> </div>determination<div style="display:inline-block;width:5.19px"> </div>is wide, </div><div id="a85931" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:465.8px;">and historical information<div style="display:inline-block;width:5.91px"> </div>is used to<div style="display:inline-block;width:5.38px"> </div>support the identification<div style="display:inline-block;width:5.27px"> </div>of the key<div style="display:inline-block;width:5.31px"> </div>factors. As the<div style="display:inline-block;width:5.36px"> </div>forecast horizon increases,<div style="display:inline-block;width:5.77px"> </div>the </div><div id="a85932" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:481.4px;">availability of<div style="display:inline-block;width:5.9px"> </div>information<div style="display:inline-block;width:5.19px"> </div>decreases,<div style="display:inline-block;width:5.49px"> </div>requiring<div style="display:inline-block;width:5.26px"> </div>an increase<div style="display:inline-block;width:6.49px"> </div>in judgment.<div style="display:inline-block;width:6.38px"> </div>For<div style="display:inline-block;width:5.05px"> </div>cycle-sensitive PD<div style="display:inline-block;width:6.04px"> </div>and<div style="display:inline-block;width:5.13px"> </div>LGD<div style="display:inline-block;width:5.05px"> </div>determination </div><div id="a85935" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:496.6px;">purposes, UBS projects the relevant economic factors for a period of three<div style="display:inline-block;width:2.31px"> </div>years before reverting, over a specified period, </div><div id="a85938" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:512.2px;">to cycle-neutral PD and LGD for longer<div style="display:inline-block;width:1.53px"> </div>-term projections.<div style="display:inline-block;width:4.77px"> </div></div><div id="a85944" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:534.9px;">Factors relevant<div style="display:inline-block;width:5.62px"> </div>for ECL<div style="display:inline-block;width:5.63px"> </div>calculation<div style="display:inline-block;width:5.41px"> </div>vary by<div style="display:inline-block;width:5.22px"> </div>type of<div style="display:inline-block;width:5.68px"> </div>exposure.<div style="display:inline-block;width:5.37px"> </div>Regional and<div style="display:inline-block;width:5.84px"> </div>client-segment<div style="display:inline-block;width:5.13px"> </div>characteristics<div style="display:inline-block;width:5.02px"> </div>are generally </div><div id="a85947" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:550px;">taken into account, with specific focus<div style="display:inline-block;width:5.23px"> </div>on Switzerland and the US,<div style="display:inline-block;width:5.11px"> </div>considering UBS’s key ECL-relevant portfolios. </div><div id="a85951" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:572.7px;">For UBS, the following forward-looking macroeconomic variables represent the most relevant factors for ECL calculation:<div style="display:inline-block;width:4.91px"> </div></div><div id="a85959" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:587.9px;">–</div><div id="a85960" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:587.7px;"> </div><div id="a85961" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:587.9px;">GDP growth rates, given their significant<div style="display:inline-block;width:5.04px"> </div>effect on borrowers’<div style="display:inline-block;width:5.09px"> </div>performance;<div style="display:inline-block;width:4.44px"> </div></div><div id="a85963" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:603.5px;">–</div><div id="a85964" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:603.3px;"> </div><div id="a85965" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:603.5px;">unemployment rates, given their significant effect<div style="display:inline-block;width:5.11px"> </div>on private clients’ ability to meet<div style="display:inline-block;width:5.25px"> </div>contractual obligations;<div style="display:inline-block;width:5.08px"> </div></div><div id="a85967" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:618.6px;">–</div><div id="a85968" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:618.5px;"> </div><div id="a85969" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:618.6px;">house price indices, given their significant<div style="display:inline-block;width:5.04px"> </div>effect on mortgage collateral<div style="display:inline-block;width:5.02px"> </div>valuations;<div style="display:inline-block;width:4.73px"> </div></div><div id="a85971" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:634.2px;">–</div><div id="a85972" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:634.1px;"> </div><div id="a85973" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:634.2px;">interest rates, given their significant effect on<div style="display:inline-block;width:5.3px"> </div>counterparties’ abilities to service<div style="display:inline-block;width:5.33px"> </div>debt;<div style="display:inline-block;width:4.27px"> </div></div><div id="a85976" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:649.4px;">–</div><div id="a85977" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:649.2px;"> </div><div id="a85978" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:649.4px;">consumer price<div style="display:inline-block;width:5.67px"> </div>indices,<div style="display:inline-block;width:5.35px"> </div>given their<div style="display:inline-block;width:5.67px"> </div>overall relevance<div style="display:inline-block;width:6.62px"> </div>for companies’<div style="display:inline-block;width:5.98px"> </div>performance,<div style="display:inline-block;width:5.1px"> </div>private<div style="display:inline-block;width:5.26px"> </div>clients’ purchasing<div style="display:inline-block;width:6.88px"> </div>power </div><div id="a85979" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:664.5px;">and economic stability; and </div><div id="a85981" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:680.1px;">–</div><div id="a85982" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:680px;"> </div><div id="a85983" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:680.1px;">equity indices, given that they are an<div style="display:inline-block;width:5.1px"> </div>important factor in our corporate rating<div style="display:inline-block;width:5.44px"> </div>tools.<div style="display:inline-block;width:4.37px"> </div></div><div id="a85985" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:702.5px;">Scenario generation, review process and<div style="display:inline-block;width:5.31px"> </div>governance </div><div id="a85987" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:717.9px;">A team of<div style="display:inline-block;width:5.78px"> </div>economists, which<div style="display:inline-block;width:5.79px"> </div>is part<div style="display:inline-block;width:5.18px"> </div>of Group<div style="display:inline-block;width:5.94px"> </div>Risk Control,<div style="display:inline-block;width:5.67px"> </div>develop the<div style="display:inline-block;width:5.18px"> </div>forward-looking<div style="display:inline-block;width:6.09px"> </div>macroeconomic assumptions </div><div id="a85994" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:733.6px;">with involvement from a broad<div style="display:inline-block;width:5.59px"> </div>range of experts. </div><div id="a85998" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:756.3px;">The<div style="display:inline-block;width:5.4px"> </div>scenarios,<div style="display:inline-block;width:5.35px"> </div>their weight<div style="display:inline-block;width:6.77px"> </div>and<div style="display:inline-block;width:5.61px"> </div>the<div style="display:inline-block;width:5.25px"> </div>key macroeconomic<div style="display:inline-block;width:6.4px"> </div>and<div style="display:inline-block;width:5.61px"> </div>other<div style="display:inline-block;width:5.3px"> </div>factors<div style="display:inline-block;width:5.26px"> </div>are<div style="display:inline-block;width:5.29px"> </div>subject<div style="display:inline-block;width:5.2px"> </div>to<div style="display:inline-block;width:5.25px"> </div>a<div style="display:inline-block;width:5.2px"> </div>critical<div style="display:inline-block;width:5.12px"> </div>assessment<div style="display:inline-block;width:5.29px"> </div>by<div style="display:inline-block;width:5.2px"> </div>the </div><div id="a85999" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:771.4px;">IFRS 9 Scenario<div style="display:inline-block;width:6.43px"> </div>Sounding<div style="display:inline-block;width:5.84px"> </div>Sessions<div style="display:inline-block;width:5.18px"> </div>and<div style="display:inline-block;width:5.13px"> </div>ECL Management<div style="display:inline-block;width:6.08px"> </div>Forum, which<div style="display:inline-block;width:6.45px"> </div>include senior<div style="display:inline-block;width:6.64px"> </div>management<div style="display:inline-block;width:5.35px"> </div>from<div style="display:inline-block;width:5.06px"> </div>Group<div style="display:inline-block;width:5.32px"> </div>Risk </div><div id="a86004" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:786.5px;">and Group<div style="display:inline-block;width:5.83px"> </div>Finance. Important aspects<div style="display:inline-block;width:5.72px"> </div>for the<div style="display:inline-block;width:5.25px"> </div>review include<div style="display:inline-block;width:6.04px"> </div>whether there<div style="display:inline-block;width:5.64px"> </div>may be<div style="display:inline-block;width:5.15px"> </div>particular credit<div style="display:inline-block;width:5.14px"> </div>risk concerns<div style="display:inline-block;width:5.9px"> </div>that </div><div id="a86006" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:802.2px;">may not be<div style="display:inline-block;width:5.51px"> </div>capable of being<div style="display:inline-block;width:5.11px"> </div>addressed systematically and<div style="display:inline-block;width:5.32px"> </div>require post-model<div style="display:inline-block;width:5.38px"> </div>adjustments for stage<div style="display:inline-block;width:5.07px"> </div>allocation and<div style="display:inline-block;width:5.18px"> </div>ECL </div><div id="a86009" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:817.3px;">allowance.<div style="display:inline-block;width:4.02px"> </div></div><div id="a86012" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:840.5px;">The<div style="display:inline-block;width:7.3px"> </div>Group<div style="display:inline-block;width:7.21px"> </div>Model<div style="display:inline-block;width:6.97px"> </div>Governance<div style="display:inline-block;width:7.27px"> </div>Committee<div style="display:inline-block;width:6.73px"> </div>(the<div style="display:inline-block;width:7.25px"> </div>GMGC),<div style="display:inline-block;width:7.3px"> </div>as<div style="display:inline-block;width:7.14px"> </div>the<div style="display:inline-block;width:6.67px"> </div>highest<div style="display:inline-block;width:7.49px"> </div>authority<div style="display:inline-block;width:6.93px"> </div>under<div style="display:inline-block;width:7.55px"> </div>UBS’s<div style="display:inline-block;width:7.13px"> </div>model<div style="display:inline-block;width:6.77px"> </div>governance </div><div id="a86013" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:855.6px;">framework, ratifies the decisions<div style="display:inline-block;width:5.03px"> </div>taken by the ECL Management Forum.</div></div><div id="TextBlockContainer175" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:75px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a86022" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:0px;">ECL measurement period<div style="display:inline-block;width:4.97px"> </div></div><div id="a86027" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.4px;">The period<div style="display:inline-block;width:5.38px"> </div>for which lifetime<div style="display:inline-block;width:6.22px"> </div>ECL are<div style="display:inline-block;width:5.34px"> </div>determined is<div style="display:inline-block;width:5.29px"> </div>based on<div style="display:inline-block;width:5.69px"> </div>the maximum<div style="display:inline-block;width:5.74px"> </div>contractual period<div style="display:inline-block;width:5.29px"> </div>that UBS<div style="display:inline-block;width:5.08px"> </div>is exposed<div style="display:inline-block;width:5.7px"> </div>to </div><div id="a86029" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.5px;">credit<div style="display:inline-block;width:7.39px"> </div>risk,<div style="display:inline-block;width:7.94px"> </div>taking<div style="display:inline-block;width:7.71px"> </div>into<div style="display:inline-block;width:7.71px"> </div>account<div style="display:inline-block;width:7.62px"> </div>contractual<div style="display:inline-block;width:7.2px"> </div>extension,<div style="display:inline-block;width:8.34px"> </div>termination<div style="display:inline-block;width:7.82px"> </div>and<div style="display:inline-block;width:7.97px"> </div>prepayment<div style="display:inline-block;width:7.75px"> </div>options.<div style="display:inline-block;width:8.27px"> </div>For<div style="display:inline-block;width:7.41px"> </div>irrevocable<div style="display:inline-block;width:7.29px"> </div>loan </div><div id="a86030" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:46.1px;">commitments<div style="display:inline-block;width:5.06px"> </div>and<div style="display:inline-block;width:5.13px"> </div>financial guarantee<div style="display:inline-block;width:5.82px"> </div>contracts, the<div style="display:inline-block;width:5.68px"> </div>measurement<div style="display:inline-block;width:5.28px"> </div>period<div style="display:inline-block;width:5.08px"> </div>represents<div style="display:inline-block;width:5.72px"> </div>the maximum<div style="display:inline-block;width:5.26px"> </div>contractual<div style="display:inline-block;width:5.31px"> </div>period </div><div id="a86033" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61.3px;">for which UBS has an<div style="display:inline-block;width:5.11px"> </div>obligation to extend credit.</div></div><div id="TextBlockContainer179" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:541px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a86071" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Additionally, some financial instruments include both<div style="display:inline-block;width:5.34px"> </div>an on-demand loan and a revocable undrawn commitment, where </div><div id="a86076" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">the<div style="display:inline-block;width:5.25px"> </div>contractual cancel<div style="display:inline-block;width:1.43px"> </div>lation<div style="display:inline-block;width:5.71px"> </div>right<div style="display:inline-block;width:5.2px"> </div>does<div style="display:inline-block;width:5.18px"> </div>not<div style="display:inline-block;width:5.45px"> </div>limit UBS’s<div style="display:inline-block;width:6.61px"> </div>exposure<div style="display:inline-block;width:5.27px"> </div>to credit<div style="display:inline-block;width:6.13px"> </div>risk to<div style="display:inline-block;width:6.56px"> </div>the contractual<div style="display:inline-block;width:5.94px"> </div>notice<div style="display:inline-block;width:5.15px"> </div>period,<div style="display:inline-block;width:5.66px"> </div>as<div style="display:inline-block;width:5.25px"> </div>the </div><div id="a86079" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">client has<div style="display:inline-block;width:5.2px"> </div>the ability<div style="display:inline-block;width:5.36px"> </div>to draw<div style="display:inline-block;width:5.51px"> </div>down funds<div style="display:inline-block;width:6.05px"> </div>before UBS<div style="display:inline-block;width:5.53px"> </div>can take<div style="display:inline-block;width:5.15px"> </div>risk-mitigating<div style="display:inline-block;width:5.36px"> </div>actions. In<div style="display:inline-block;width:5.5px"> </div>such cases<div style="display:inline-block;width:5.11px"> </div>UBS<div style="display:inline-block;width:5.08px"> </div>is required<div style="display:inline-block;width:5.45px"> </div>to </div><div id="a86083" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.4px;">estimate the period<div style="display:inline-block;width:6.24px"> </div>over which it<div style="display:inline-block;width:5.67px"> </div>is exposed<div style="display:inline-block;width:5.7px"> </div>to credit risk.<div style="display:inline-block;width:5.66px"> </div>This applies<div style="display:inline-block;width:5.23px"> </div>to UBS’s<div style="display:inline-block;width:5.39px"> </div>credit card limits,<div style="display:inline-block;width:5.8px"> </div>which do<div style="display:inline-block;width:5.44px"> </div>not have<div style="display:inline-block;width:5.08px"> </div>a </div><div id="a86084" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">defined contractual maturity date, are<div style="display:inline-block;width:2.29px"> </div>callable on demand and where the drawn and<div style="display:inline-block;width:1.47px"> </div>undrawn components are managed </div><div id="a86086" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;">as one exposure.<div style="display:inline-block;width:5.09px"> </div>The exposure arising from UBS’s<div style="display:inline-block;width:5.05px"> </div>credit card limits is not significant<div style="display:inline-block;width:5.09px"> </div>and is managed at a portfolio<div style="display:inline-block;width:5.09px"> </div>level, </div><div id="a86087" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:92.3px;">with credit actions triggered when balances are past due. An ECL measurement<div style="display:inline-block;width:2.09px"> </div>period of seven years is applied for<div style="display:inline-block;width:1.95px"> </div>credit </div><div id="a86088" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:107.4px;">card limits, capped at 12 months<div style="display:inline-block;width:5.43px"> </div>for stage 1 balances, as a proxy for the period<div style="display:inline-block;width:5.24px"> </div>that UBS is exposed<div style="display:inline-block;width:5.22px"> </div>to credit risk. </div><div id="a86093" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:130.6px;">Customary master credit<div style="display:inline-block;width:1.94px"> </div>agreements in the<div style="display:inline-block;width:2.01px"> </div>Swiss corporate market<div style="display:inline-block;width:2.16px"> </div>also include<div style="display:inline-block;width:2.34px"> </div>on-demand loans and revocable<div style="display:inline-block;width:2.04px"> </div>undrawn </div><div id="a86096" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:145.7px;">commitments.<div style="display:inline-block;width:6.64px"> </div>For<div style="display:inline-block;width:5.99px"> </div>smaller<div style="display:inline-block;width:6.63px"> </div>commercial<div style="display:inline-block;width:7px"> </div>facilities,<div style="display:inline-block;width:6.34px"> </div>a<div style="display:inline-block;width:6.15px"> </div>risk-based<div style="display:inline-block;width:6.75px"> </div>monitoring<div style="display:inline-block;width:6.49px"> </div>(RbM)<div style="display:inline-block;width:6.81px"> </div>approach<div style="display:inline-block;width:6.84px"> </div>is<div style="display:inline-block;width:6.09px"> </div>in<div style="display:inline-block;width:6.25px"> </div>place<div style="display:inline-block;width:6.04px"> </div>that<div style="display:inline-block;width:6.04px"> </div>highlights </div><div id="a86102" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:160.9px;">negative<div style="display:inline-block;width:6.09px"> </div>trends<div style="display:inline-block;width:6.53px"> </div>as<div style="display:inline-block;width:6.2px"> </div>risk<div style="display:inline-block;width:6.41px"> </div>events,<div style="display:inline-block;width:6.15px"> </div>at<div style="display:inline-block;width:6.47px"> </div>an<div style="display:inline-block;width:6.35px"> </div>individual<div style="display:inline-block;width:6.34px"> </div>facility<div style="display:inline-block;width:6.54px"> </div>level,<div style="display:inline-block;width:6.31px"> </div>based<div style="display:inline-block;width:6.6px"> </div>on<div style="display:inline-block;width:6.55px"> </div>a<div style="display:inline-block;width:6.15px"> </div>combination<div style="display:inline-block;width:6.91px"> </div>of<div style="display:inline-block;width:6.2px"> </div>continuously<div style="display:inline-block;width:6.64px"> </div>updated<div style="display:inline-block;width:6.8px"> </div>risk </div><div id="a86103" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:176px;">indicators. The risk events<div style="display:inline-block;width:2.14px"> </div>trigger additional credit reviews<div style="display:inline-block;width:2.33px"> </div>by a risk officer,<div style="display:inline-block;width:2.05px"> </div>enabling informed credit decisions to<div style="display:inline-block;width:2.18px"> </div>be taken. </div><div id="a86105" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:191.6px;">Larger corporate facilities are not subject to RbM,<div style="display:inline-block;width:5.63px"> </div>but are reviewed at least annually through<div style="display:inline-block;width:5.61px"> </div>a formal credit review. UBS </div><div id="a86106" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:206.8px;">has assessed these credit risk management<div style="display:inline-block;width:5.29px"> </div>practices and considers<div style="display:inline-block;width:5.25px"> </div>both the RbM approach and<div style="display:inline-block;width:5.31px"> </div>formal credit reviews as </div><div id="a86108" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:222.4px;">substantive<div style="display:inline-block;width:5.77px"> </div>credit<div style="display:inline-block;width:5.5px"> </div>reviews<div style="display:inline-block;width:5.61px"> </div>resulting<div style="display:inline-block;width:6.05px"> </div>in<div style="display:inline-block;width:5.77px"> </div>a<div style="display:inline-block;width:5.67px"> </div>re-origination<div style="display:inline-block;width:6.16px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.72px"> </div>given<div style="display:inline-block;width:5.77px"> </div>facility.<div style="display:inline-block;width:5.02px"> </div>Following<div style="display:inline-block;width:6.55px"> </div>this,<div style="display:inline-block;width:5.3px"> </div>a<div style="display:inline-block;width:5.67px"> </div>12-month<div style="display:inline-block;width:5.95px"> </div>measurement </div><div id="a86113" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:237.5px;">period from<div style="display:inline-block;width:5.16px"> </div>the reporting date<div style="display:inline-block;width:5.52px"> </div>is used<div style="display:inline-block;width:5.23px"> </div>for both types<div style="display:inline-block;width:5.18px"> </div>of facilities as an<div style="display:inline-block;width:5.41px"> </div>appropriate proxy<div style="display:inline-block;width:5.21px"> </div>of the period<div style="display:inline-block;width:5.86px"> </div>over which UBS </div><div id="a86115" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:253.1px;">is exposed<div style="display:inline-block;width:5.23px"> </div>to credit risk, with<div style="display:inline-block;width:5.34px"> </div>12 months also used<div style="display:inline-block;width:5.45px"> </div>as a look-back<div style="display:inline-block;width:5.36px"> </div>period for assessing<div style="display:inline-block;width:5.31px"> </div>SICR, always from<div style="display:inline-block;width:5.12px"> </div>the respective </div><div id="a86121" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:268.3px;">reporting date. </div><div id="a86123" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#E60000;left:4.905px;top:290.7px;">Significant increase in credit risk<div style="display:inline-block;width:5.27px"> </div></div><div id="a86125" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:306.1px;">Financial<div style="display:inline-block;width:5.83px"> </div>instruments<div style="display:inline-block;width:6.13px"> </div>subject<div style="display:inline-block;width:5.67px"> </div>to ECL<div style="display:inline-block;width:5.78px"> </div>are monitored<div style="display:inline-block;width:7.46px"> </div>on an<div style="display:inline-block;width:5.44px"> </div>ongoing<div style="display:inline-block;width:5.84px"> </div>basis.<div style="display:inline-block;width:5.5px"> </div>To<div style="display:inline-block;width:5.93px"> </div>determine<div style="display:inline-block;width:5.99px"> </div>whether<div style="display:inline-block;width:5.88px"> </div>the recognition<div style="display:inline-block;width:7.31px"> </div>of a </div><div id="a86127" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:321.7px;">maximum<div style="display:inline-block;width:6.06px"> </div>12-month<div style="display:inline-block;width:6.76px"> </div>ECL<div style="display:inline-block;width:5.63px"> </div>continues<div style="display:inline-block;width:6.55px"> </div>to<div style="display:inline-block;width:5.25px"> </div>be<div style="display:inline-block;width:5.4px"> </div>appropriate,<div style="display:inline-block;width:7.21px"> </div>an<div style="display:inline-block;width:5.4px"> </div>assessment<div style="display:inline-block;width:7.19px"> </div>is<div style="display:inline-block;width:5.15px"> </div>made<div style="display:inline-block;width:5.72px"> </div>as<div style="display:inline-block;width:5.72px"> </div>to whether<div style="display:inline-block;width:7.92px"> </div>an SICR<div style="display:inline-block;width:7.18px"> </div>has<div style="display:inline-block;width:5.45px"> </div>occurred </div><div id="a86130" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:336.9px;">since initial<div style="display:inline-block;width:5.83px"> </div>recognition<div style="display:inline-block;width:5.73px"> </div>of the<div style="display:inline-block;width:5.4px"> </div>financial instrument<div style="display:inline-block;width:3.28px"> </div>,<div style="display:inline-block;width:3.89px"> </div>applying<div style="display:inline-block;width:5.16px"> </div>both quantit<div style="display:inline-block;width:2.21px"> </div>ative and<div style="display:inline-block;width:5.72px"> </div>qualitative<div style="display:inline-block;width:5.73px"> </div>factors.<div style="display:inline-block;width:5.45px"> </div></div><div id="a86136" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:360px;">Primarily, UBS<div style="display:inline-block;width:6.01px"> </div>assesses changes<div style="display:inline-block;width:6.48px"> </div>in an<div style="display:inline-block;width:5.61px"> </div>instrument’s risk<div style="display:inline-block;width:5.66px"> </div>of default<div style="display:inline-block;width:5.82px"> </div>on<div style="display:inline-block;width:5.13px"> </div>a quantitative<div style="display:inline-block;width:5.52px"> </div>basis by<div style="display:inline-block;width:5.98px"> </div>comparing the<div style="display:inline-block;width:6.02px"> </div>annualized </div><div id="a86137" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:375.2px;">forward-looking and<div style="display:inline-block;width:5.06px"> </div>scenario-weighted lifetime PD of an instrument determined<div style="display:inline-block;width:5.73px"> </div>at two different dates:<div style="display:inline-block;width:5.2px"> </div></div><div id="a86143" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:390.3px;">–</div><div id="a86144" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:390.2px;"> </div><div id="a86145" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:390.3px;">at the reporting date; and<div style="display:inline-block;width:4.76px"> </div></div><div id="a86149" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:405.4px;">–</div><div id="a86150" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:405.3px;"> </div><div id="a86151" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:405.4px;">at inception of the instrument. </div><div id="a86153" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:428.6px;">If, based<div style="display:inline-block;width:5.13px"> </div>on UBS’s quantitative<div style="display:inline-block;width:5.11px"> </div>modeling, an<div style="display:inline-block;width:5.59px"> </div>increase exceeds a<div style="display:inline-block;width:5.29px"> </div>set threshold,<div style="display:inline-block;width:5.05px"> </div>an SICR is<div style="display:inline-block;width:5.34px"> </div>deemed to have<div style="display:inline-block;width:5.24px"> </div>occurred and </div><div id="a86154" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:443.8px;">the instrument is transferred to stage 2<div style="display:inline-block;width:5.21px"> </div>with lifetime ECL recognized. </div><div id="a86158" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:466.5px;">The threshold<div style="display:inline-block;width:5.75px"> </div>applied varies depending<div style="display:inline-block;width:6.51px"> </div>on the<div style="display:inline-block;width:5.29px"> </div>original credit<div style="display:inline-block;width:5.28px"> </div>quality of<div style="display:inline-block;width:5.67px"> </div>the borrower,<div style="display:inline-block;width:5.75px"> </div>with a higher<div style="display:inline-block;width:5.81px"> </div>SICR threshold<div style="display:inline-block;width:5.77px"> </div>set </div><div id="a86160" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:481.6px;">for those<div style="display:inline-block;width:5.98px"> </div>instruments with<div style="display:inline-block;width:5.82px"> </div>a low<div style="display:inline-block;width:5.98px"> </div>PD at<div style="display:inline-block;width:5.78px"> </div>inception. The<div style="display:inline-block;width:5.86px"> </div>SICR assessment<div style="display:inline-block;width:5.65px"> </div>based on<div style="display:inline-block;width:6.16px"> </div>PD changes<div style="display:inline-block;width:5.91px"> </div>is made<div style="display:inline-block;width:5.3px"> </div>at an<div style="display:inline-block;width:5.83px"> </div>individual </div><div id="a86161" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:497.2px;">financial asset<div style="display:inline-block;width:5.46px"> </div>level. A<div style="display:inline-block;width:6.1px"> </div>high-level overview<div style="display:inline-block;width:5.33px"> </div>of the<div style="display:inline-block;width:5.4px"> </div>SICR<div style="display:inline-block;width:5.07px"> </div>trigger, which<div style="display:inline-block;width:5.76px"> </div>is a<div style="display:inline-block;width:5.25px"> </div>multiple of<div style="display:inline-block;width:5.61px"> </div>the annualized<div style="display:inline-block;width:5.75px"> </div>remaining<div style="display:inline-block;width:5.06px"> </div>lifetime </div><div id="a86166" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:512.4px;">PIT<div style="display:inline-block;width:5.1px"> </div>PD<div style="display:inline-block;width:5.36px"> </div>expressed<div style="display:inline-block;width:5.59px"> </div>in<div style="display:inline-block;width:5.3px"> </div>rating downgrades<div style="display:inline-block;width:1.71px"> </div>,<div style="display:inline-block;width:5.33px"> </div>is provided<div style="display:inline-block;width:6.79px"> </div>in the<div style="display:inline-block;width:6.4px"> </div>“SICR<div style="display:inline-block;width:5.18px"> </div>thresholds”<div style="display:inline-block;width:5.67px"> </div>table below.<div style="display:inline-block;width:6.49px"> </div>The<div style="display:inline-block;width:5.4px"> </div>actual SICR<div style="display:inline-block;width:6.72px"> </div>thresholds </div><div id="a86169" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:527.5px;">applied are defined on<div style="display:inline-block;width:5.33px"> </div>a more granular level by interpolating between<div style="display:inline-block;width:5.07px"> </div>the values shown in<div style="display:inline-block;width:5.12px"> </div>the table.</div></div><div id="TextBlockContainer183" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:258px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a86220" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Irrespective of<div style="display:inline-block;width:5.72px"> </div>the SICR<div style="display:inline-block;width:6.55px"> </div>assessment based<div style="display:inline-block;width:6.32px"> </div>on<div style="display:inline-block;width:5.13px"> </div>default probabilities,<div style="display:inline-block;width:6.25px"> </div>credit risk<div style="display:inline-block;width:5.87px"> </div>is generally<div style="display:inline-block;width:6.04px"> </div>deemed to<div style="display:inline-block;width:6.08px"> </div>have significantly </div><div id="a86221" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">increased<div style="display:inline-block;width:6.38px"> </div>for<div style="display:inline-block;width:6.04px"> </div>an<div style="display:inline-block;width:6.35px"> </div>instrument<div style="display:inline-block;width:6.09px"> </div>if<div style="display:inline-block;width:5.89px"> </div>the<div style="display:inline-block;width:6.2px"> </div>contractual<div style="display:inline-block;width:6.26px"> </div>payments<div style="display:inline-block;width:6.31px"> </div>are<div style="display:inline-block;width:6.23px"> </div>more<div style="display:inline-block;width:6.28px"> </div>than<div style="display:inline-block;width:6.4px"> </div>30<div style="display:inline-block;width:6.08px"> </div>days<div style="display:inline-block;width:5.72px"> </div>past<div style="display:inline-block;width:6.25px"> </div>due.<div style="display:inline-block;width:6.76px"> </div>For<div style="display:inline-block;width:5.99px"> </div>certain<div style="display:inline-block;width:5.74px"> </div>less<div style="display:inline-block;width:6.14px"> </div>material </div><div id="a86225" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.3px;">portfolios, specifically the Swiss<div style="display:inline-block;width:5.03px"> </div>credit card portfolio,<div style="display:inline-block;width:4.81px"> </div>the 30-day past due criterion<div style="display:inline-block;width:5.51px"> </div>is used as the<div style="display:inline-block;width:5.06px"> </div>primary indicator of an </div><div id="a86229" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.9px;">SICR. Where instruments are transferred to stage 2 due to<div style="display:inline-block;width:2.34px"> </div>the 30-day past due criterion, a<div style="display:inline-block;width:2.01px"> </div>minimum period of six<div style="display:inline-block;width:2.08px"> </div>months </div><div id="a86235" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61px;">is applied before a transfer<div style="display:inline-block;width:2.16px"> </div>back to stage 1 can be triggered. For<div style="display:inline-block;width:2.15px"> </div>instruments in Personal &amp; Corporate Banking and Global </div><div id="a86238" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;">Wealth Management<div style="display:inline-block;width:5.16px"> </div>Region Switzerland<div style="display:inline-block;width:5.33px"> </div>that are between<div style="display:inline-block;width:5.75px"> </div>90 and 180 days<div style="display:inline-block;width:5.56px"> </div>past due but<div style="display:inline-block;width:5.22px"> </div>have not been<div style="display:inline-block;width:5.43px"> </div>reclassified to </div><div id="a86240" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:91.8px;">stage 3, a one-year period is applied<div style="display:inline-block;width:5.46px"> </div>before a transfer back to stage 1 can be<div style="display:inline-block;width:5.3px"> </div>triggered. </div><div id="a86248" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:114.5px;">Additionally,<div style="display:inline-block;width:6.24px"> </div>based<div style="display:inline-block;width:6.13px"> </div>on<div style="display:inline-block;width:6.08px"> </div>individual<div style="display:inline-block;width:5.86px"> </div>counterparty-specific<div style="display:inline-block;width:5.9px"> </div>indicators,<div style="display:inline-block;width:6.19px"> </div>external<div style="display:inline-block;width:6.44px"> </div>market<div style="display:inline-block;width:5.69px"> </div>indicators<div style="display:inline-block;width:6.09px"> </div>of<div style="display:inline-block;width:5.72px"> </div>credit<div style="display:inline-block;width:5.98px"> </div>risk<div style="display:inline-block;width:5.94px"> </div>or<div style="display:inline-block;width:5.72px"> </div>general </div><div id="a86251" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:129.6px;">economic conditions, counterparties may be<div style="display:inline-block;width:5.06px"> </div>moved to a watch list, which is used as a secondary qualitative indicator for </div><div id="a86253" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:145.2px;">an<div style="display:inline-block;width:6.35px"> </div>SICR.<div style="display:inline-block;width:6.03px"> </div>Exception<div style="display:inline-block;width:6.09px"> </div>management<div style="display:inline-block;width:6.29px"> </div>is<div style="display:inline-block;width:6.09px"> </div>further<div style="display:inline-block;width:5.94px"> </div>applied,<div style="display:inline-block;width:6.65px"> </div>allowing<div style="display:inline-block;width:6.07px"> </div>for<div style="display:inline-block;width:6.04px"> </div>individual<div style="display:inline-block;width:5.86px"> </div>and<div style="display:inline-block;width:6.08px"> </div>collective<div style="display:inline-block;width:5.75px"> </div>adjustments<div style="display:inline-block;width:6.29px"> </div>on<div style="display:inline-block;width:6.55px"> </div>exposures </div><div id="a86254" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:160.4px;">sharing the same credit risk character<div style="display:inline-block;width:1.36px"> </div>istics to take account of specific situations<div style="display:inline-block;width:5.5px"> </div>that are not otherwise fully reflected.<div style="display:inline-block;width:5.81px"> </div></div><div id="a86257" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:183.5px;">In general, the overall SICR determination process does not apply to Lombard loans, securities financing transactions and </div><div id="a86258" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:198.7px;">certain<div style="display:inline-block;width:6.21px"> </div>other<div style="display:inline-block;width:6.25px"> </div>asset-based<div style="display:inline-block;width:6.93px"> </div>lending<div style="display:inline-block;width:6.75px"> </div>transactions,<div style="display:inline-block;width:7.23px"> </div>because<div style="display:inline-block;width:6.4px"> </div>of<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:6.67px"> </div>risk<div style="display:inline-block;width:6.41px"> </div>management<div style="display:inline-block;width:6.77px"> </div>practices<div style="display:inline-block;width:6.06px"> </div>adopted,<div style="display:inline-block;width:6.91px"> </div>including<div style="display:inline-block;width:6.64px"> </div>daily </div><div id="a86263" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:213.8px;">monitoring<div style="display:inline-block;width:5.07px"> </div>processes<div style="display:inline-block;width:5.16px"> </div>with strict<div style="display:inline-block;width:5.11px"> </div>margining.<div style="display:inline-block;width:5.6px"> </div>If margin<div style="display:inline-block;width:5.52px"> </div>calls are<div style="display:inline-block;width:5.5px"> </div>not satisfied,<div style="display:inline-block;width:6.39px"> </div>a position<div style="display:inline-block;width:6.28px"> </div>is closed<div style="display:inline-block;width:5.4px"> </div>out and<div style="display:inline-block;width:5.96px"> </div>classified as<div style="display:inline-block;width:5.46px"> </div>a </div><div id="a86264" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:229px;">stage 3 position. In exceptional cases, an individual adjustment<div style="display:inline-block;width:5.21px"> </div>and a transfer into stage 2 may be made to take account </div><div id="a86272" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:244.6px;">of specific facts.</div></div><div id="TextBlockContainer187" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:90px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a86310" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Credit risk<div style="display:inline-block;width:5.31px"> </div>officers are<div style="display:inline-block;width:6.06px"> </div>responsible<div style="display:inline-block;width:5.51px"> </div>for the<div style="display:inline-block;width:5.25px"> </div>identification<div style="display:inline-block;width:5.05px"> </div>of an<div style="display:inline-block;width:5.08px"> </div>SICR,<div style="display:inline-block;width:4.68px"> </div>which for<div style="display:inline-block;width:5.43px"> </div>accounting<div style="display:inline-block;width:5.55px"> </div>purposes is<div style="display:inline-block;width:5.53px"> </div>in some<div style="display:inline-block;width:5.16px"> </div>respects </div><div id="a86319" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">different<div style="display:inline-block;width:8.2px"> </div>from<div style="display:inline-block;width:8.02px"> </div>internal<div style="display:inline-block;width:7.69px"> </div>credit<div style="display:inline-block;width:7.87px"> </div>risk<div style="display:inline-block;width:7.83px"> </div>management<div style="display:inline-block;width:8.19px"> </div>processes</div><div id="a86320" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:350.352px;top:15.6px;">.<div style="display:inline-block;width:7.67px"> </div>This<div style="display:inline-block;width:7.71px"> </div>difference</div><div id="a86321" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:448.778px;top:15.6px;"> </div><div id="a86322" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:456.338px;top:15.6px;">mainly </div><div id="a86323" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:501.298px;top:15.6px;">arises </div><div id="a86324" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:539.605px;top:15.6px;">because<div style="display:inline-block;width:8.29px"> </div>ECL<div style="display:inline-block;width:7.52px"> </div>accounting </div><div id="a86325" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">requirements are instrument-specific, such that a borrower can have multiple<div style="display:inline-block;width:1.8px"> </div>exposures allocated to different stages, and </div><div id="a86329" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.4px;">maturing loans in stage 2<div style="display:inline-block;width:5.08px"> </div>will migrate to stage 1 upon renewal irrespective of the actual<div style="display:inline-block;width:5.49px"> </div>credit risk at that time. Under a </div><div id="a86336" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">risk-based<div style="display:inline-block;width:6.27px"> </div>approach,<div style="display:inline-block;width:6.94px"> </div>a<div style="display:inline-block;width:6.15px"> </div>holistic<div style="display:inline-block;width:5.93px"> </div>counterparty<div style="display:inline-block;width:6.41px"> </div>credit<div style="display:inline-block;width:6.45px"> </div>assessment<div style="display:inline-block;width:6.24px"> </div>and<div style="display:inline-block;width:6.55px"> </div>the<div style="display:inline-block;width:6.2px"> </div>absolute<div style="display:inline-block;width:6.55px"> </div>level<div style="display:inline-block;width:5.74px"> </div>of<div style="display:inline-block;width:6.2px"> </div>risk<div style="display:inline-block;width:5.94px"> </div>at<div style="display:inline-block;width:5.99px"> </div>any<div style="display:inline-block;width:6.15px"> </div>given<div style="display:inline-block;width:6.25px"> </div>date<div style="display:inline-block;width:6.54px"> </div>will </div><div id="a86340" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;">determine what risk-mitigating actions<div style="display:inline-block;width:5.04px"> </div>may be warranted.</div></div><div id="TextBlockContainer189" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:219px;height:10px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a86358" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Critical accounting estimates and judgments</div></div><div id="TextBlockContainer191" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:674px;height:317px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a86360" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:0px;">The calculation of ECL requires management to apply significant<div style="display:inline-block;width:4.15px"> </div>judgment and make estimates and assumptions that can result in significant changes to the </div><div id="a86362" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:13.2px;">timing and amount of ECL recognized.<div style="display:inline-block;width:4.25px"> </div></div><div id="a86365" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:3.679px;top:40px;">Determination of a significant<div style="display:inline-block;width:4.24px"> </div>increase in credit risk<div style="display:inline-block;width:3.12px"> </div></div><div id="a86367" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:53.5px;">IFRS<div style="display:inline-block;width:4.18px"> </div>9 does<div style="display:inline-block;width:5.42px"> </div>not include<div style="display:inline-block;width:5.02px"> </div>a definition<div style="display:inline-block;width:5.42px"> </div>of what<div style="display:inline-block;width:5.31px"> </div>constitutes an<div style="display:inline-block;width:5.27px"> </div>SICR,<div style="display:inline-block;width:4px"> </div>with UBS’s<div style="display:inline-block;width:5.34px"> </div>assessment<div style="display:inline-block;width:4.15px"> </div>considering<div style="display:inline-block;width:4.43px"> </div>qualitative and<div style="display:inline-block;width:5.27px"> </div>quantitative<div style="display:inline-block;width:4.25px"> </div>criteria. An<div style="display:inline-block;width:5.23px"> </div>IFRS 9 ECL </div><div id="a86382" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:66.7px;">Management Forum has<div style="display:inline-block;width:4.14px"> </div>been established to review and challenge the SICR<div style="display:inline-block;width:4.35px"> </div>results. </div><div id="a86389" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:3.679px;top:93px;">Scenarios, scenario weights and macroeconomic<div style="display:inline-block;width:4.9px"> </div>variables<div style="display:inline-block;width:2.4px"> </div></div><div id="a86393" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:106.9px;">ECL reflect<div style="display:inline-block;width:2.75px"> </div>an unbiased and probability-weighted amount, which UBS determines by evaluating a range of possible outcomes. Management selects forward-</div><div id="a86402" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:120.2px;">looking<div style="display:inline-block;width:4.94px"> </div>scenarios<div style="display:inline-block;width:4.46px"> </div>that<div style="display:inline-block;width:4.66px"> </div>include<div style="display:inline-block;width:5.11px"> </div>relevant<div style="display:inline-block;width:4.84px"> </div>macroeconomic<div style="display:inline-block;width:4.85px"> </div>variables<div style="display:inline-block;width:4.73px"> </div>and<div style="display:inline-block;width:4.8px"> </div>management’s<div style="display:inline-block;width:4.72px"> </div>assumptions<div style="display:inline-block;width:4.78px"> </div>around<div style="display:inline-block;width:4.81px"> </div>future<div style="display:inline-block;width:4.51px"> </div>economic<div style="display:inline-block;width:4.57px"> </div>conditions.<div style="display:inline-block;width:5.4px"> </div>IFRS<div style="display:inline-block;width:4.65px"> </div>9<div style="display:inline-block;width:4.41px"> </div>Scenario </div><div id="a86410" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:133.4px;">Sounding Sessions,<div style="display:inline-block;width:4.11px"> </div>in addition to<div style="display:inline-block;width:4.62px"> </div>the IFRS 9 ECL Management<div style="display:inline-block;width:5.02px"> </div>Forum, are in place<div style="display:inline-block;width:4.82px"> </div>to derive,<div style="display:inline-block;width:3.81px"> </div>review and challenge<div style="display:inline-block;width:4.42px"> </div>the scenario selection<div style="display:inline-block;width:4.1px"> </div>and weights, and </div><div id="a86425" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:146.7px;">to determine whether any additional<div style="display:inline-block;width:4.3px"> </div>post-model adjustments are<div style="display:inline-block;width:4.22px"> </div>required that may significantly affect ECL.<div style="display:inline-block;width:3.86px"> </div></div><div id="a86432" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:3.679px;top:173.4px;">ECL measurement period </div><div id="a86434" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:186.9px;">Lifetime ECL are generally determined based upon the contractual maturity of the transaction, which significantly affects ECL.<div style="display:inline-block;width:4.2px"> </div>For credit card limits and Swiss </div><div id="a86439" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:200.1px;">callable master credit facilities, judgment<div style="display:inline-block;width:4.44px"> </div>is required,<div style="display:inline-block;width:3.27px"> </div>as UBS must determine the period over which it is exposed<div style="display:inline-block;width:4.29px"> </div>to credit risk. A seven-year period is applied </div><div id="a86448" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:213.4px;">for credit card limits, capped<div style="display:inline-block;width:4.38px"> </div>at 12 months for stage 1 positions, and<div style="display:inline-block;width:4.1px"> </div>a 12-month period applied for master credit<div style="display:inline-block;width:4.27px"> </div>facilities.<div style="display:inline-block;width:2.98px"> </div></div><div id="a86455" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:3.679px;top:239.7px;">Modeling and post-model adjustments </div><div id="a86460" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:253.6px;">A number of<div style="display:inline-block;width:4.58px"> </div>complex models have been<div style="display:inline-block;width:4.87px"> </div>developed or modified<div style="display:inline-block;width:4.3px"> </div>to calculate ECL,<div style="display:inline-block;width:4.19px"> </div>with additional post<div style="display:inline-block;width:1.41px"> </div>-model adjustments required<div style="display:inline-block;width:5.13px"> </div>which may significantly </div><div id="a86464" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:266.8px;">affect ECL. The models are governed<div style="display:inline-block;width:4.42px"> </div>by UBS’s model validation controls and approved<div style="display:inline-block;width:4.31px"> </div>by the GMGC. The post-model adjustm<div style="display:inline-block;width:1.49px"> </div>ents are approved by the ECL </div><div id="a86473" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:280.1px;">Management Forum and endorsed<div style="display:inline-block;width:4.44px"> </div>by the GMGC. </div><div id="a86477" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:306.6px;">A sensitivity analysis covering<div style="display:inline-block;width:4.18px"> </div>key macroeconomic variables, scenario<div style="display:inline-block;width:4.2px"> </div>weights and SICR trigger points on ECL measurement<div style="display:inline-block;width:4.45px"> </div>is provided in Note 19f.</div></div> <div id="TextBlockContainer193" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:60px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a86499" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">h. Restructured and<div style="display:inline-block;width:5.05px"> </div>modified financial assets </div><div id="a86505" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">When payment default<div style="display:inline-block;width:5.5px"> </div>is expected,<div style="display:inline-block;width:5.33px"> </div>or where<div style="display:inline-block;width:5.27px"> </div>default has<div style="display:inline-block;width:5.08px"> </div>already occurred,<div style="display:inline-block;width:5.05px"> </div>UBS may grant<div style="display:inline-block;width:5.51px"> </div>concessions to borrowers<div style="display:inline-block;width:5.97px"> </div>in </div><div id="a86509" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.3px;">financial difficulties<div style="display:inline-block;width:6.55px"> </div>that it<div style="display:inline-block;width:5.89px"> </div>would<div style="display:inline-block;width:5.43px"> </div>not consider<div style="display:inline-block;width:6.28px"> </div>in the<div style="display:inline-block;width:5.93px"> </div>normal course<div style="display:inline-block;width:5.87px"> </div>of its<div style="display:inline-block;width:5.62px"> </div>business,<div style="display:inline-block;width:5.48px"> </div>such<div style="display:inline-block;width:5.15px"> </div>as preferential<div style="display:inline-block;width:6.36px"> </div>interest<div style="display:inline-block;width:5.13px"> </div>rates, </div><div id="a86515" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">extension of maturity,<div style="display:inline-block;width:5.78px"> </div>modifying the schedule of repayments,<div style="display:inline-block;width:5.35px"> </div>debt / equity swap, subordination,<div style="display:inline-block;width:6.13px"> </div>etc.</div></div><div id="TextBlockContainer195" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:90px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a86532" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Modifications result in an alteration of future contractual cash flows<div style="display:inline-block;width:5.04px"> </div>and can occur within UBS’s<div style="display:inline-block;width:5.11px"> </div>normal risk tolerance or </div><div id="a86534" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">as part<div style="display:inline-block;width:5.72px"> </div>of a<div style="display:inline-block;width:6.3px"> </div>credit<div style="display:inline-block;width:5.1px"> </div>restructuring<div style="display:inline-block;width:5.29px"> </div>where<div style="display:inline-block;width:5.12px"> </div>a counterparty<div style="display:inline-block;width:6.52px"> </div>is in<div style="display:inline-block;width:6.3px"> </div>financial difficulties.<div style="display:inline-block;width:6.65px"> </div>The restructuring<div style="display:inline-block;width:6.48px"> </div>or modification<div style="display:inline-block;width:6.61px"> </div>of a </div><div id="a86538" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.7px;">financial asset<div style="display:inline-block;width:6.41px"> </div>could<div style="display:inline-block;width:5.5px"> </div>lead<div style="display:inline-block;width:5.3px"> </div>to<div style="display:inline-block;width:5.25px"> </div>a<div style="display:inline-block;width:5.2px"> </div>substantial<div style="display:inline-block;width:5.05px"> </div>change<div style="display:inline-block;width:5.61px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the terms<div style="display:inline-block;width:5.89px"> </div>and<div style="display:inline-block;width:5.61px"> </div>conditions,<div style="display:inline-block;width:5.33px"> </div>resulting<div style="display:inline-block;width:5.11px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the<div style="display:inline-block;width:5.25px"> </div>original<div style="display:inline-block;width:5.34px"> </div>financial asset </div><div id="a86540" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.9px;">being<div style="display:inline-block;width:8.54px"> </div>derecognized<div style="display:inline-block;width:8.15px"> </div>and<div style="display:inline-block;width:8.44px"> </div>a<div style="display:inline-block;width:7.57px"> </div>new<div style="display:inline-block;width:8.35px"> </div>financial<div style="display:inline-block;width:7.78px"> </div>asset<div style="display:inline-block;width:7.98px"> </div>being<div style="display:inline-block;width:8.54px"> </div>recognized.<div style="display:inline-block;width:8.06px"> </div>Where<div style="display:inline-block;width:8.13px"> </div>the<div style="display:inline-block;width:7.62px"> </div>modification<div style="display:inline-block;width:8.35px"> </div>does<div style="display:inline-block;width:8.49px"> </div>not<div style="display:inline-block;width:7.82px"> </div>result<div style="display:inline-block;width:8.12px"> </div>in<div style="display:inline-block;width:7.66px"> </div>a </div><div id="a86541" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">derecognition, any difference between the modified contractual<div style="display:inline-block;width:1.72px"> </div>cash flows discounted at the original EIR and<div style="display:inline-block;width:2.24px"> </div>the existing </div><div id="a86543" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;">gross carrying amount of the given financial<div style="display:inline-block;width:5.29px"> </div>asset is recognized in the income statement<div style="display:inline-block;width:5.83px"> </div>as a modification gain or loss.</div></div> <div id="TextBlockContainer197" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:190px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a86545" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">i. Offsetting </div><div id="a86548" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">UBS<div style="display:inline-block;width:5.12px"> </div>presents<div style="display:inline-block;width:5.19px"> </div>financial assets<div style="display:inline-block;width:5.51px"> </div>and liabilities<div style="display:inline-block;width:5.18px"> </div>on<div style="display:inline-block;width:5.13px"> </div>its balance<div style="display:inline-block;width:5.2px"> </div>sheet net<div style="display:inline-block;width:6.13px"> </div>if (i) it has<div style="display:inline-block;width:6.33px"> </div>a legally enforceable<div style="display:inline-block;width:6.27px"> </div>right to<div style="display:inline-block;width:5.92px"> </div>set off<div style="display:inline-block;width:5.85px"> </div>the </div><div id="a86562" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.7px;">recognized<div style="display:inline-block;width:6.53px"> </div>amounts<div style="display:inline-block;width:6.5px"> </div>and<div style="display:inline-block;width:6.55px"> </div>(ii) it<div style="display:inline-block;width:6.12px"> </div>intends<div style="display:inline-block;width:6.55px"> </div>either<div style="display:inline-block;width:6.41px"> </div>to<div style="display:inline-block;width:6.2px"> </div>settle<div style="display:inline-block;width:5.79px"> </div>on<div style="display:inline-block;width:6.55px"> </div>a<div style="display:inline-block;width:6.15px"> </div>net<div style="display:inline-block;width:6.2px"> </div>basis<div style="display:inline-block;width:6.34px"> </div>or<div style="display:inline-block;width:6.2px"> </div>to<div style="display:inline-block;width:6.2px"> </div>realize<div style="display:inline-block;width:7.24px"> </div>the<div style="display:inline-block;width:6.2px"> </div>asset<div style="display:inline-block;width:6.09px"> </div>and<div style="display:inline-block;width:6.55px"> </div>settle<div style="display:inline-block;width:6.26px"> </div>the<div style="display:inline-block;width:6.2px"> </div>liability </div><div id="a86566" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">simultaneously.<div style="display:inline-block;width:8.5px"> </div>Netted<div style="display:inline-block;width:7.68px"> </div>positions<div style="display:inline-block;width:7.64px"> </div>include,<div style="display:inline-block;width:7.87px"> </div>for<div style="display:inline-block;width:6.99px"> </div>example,<div style="display:inline-block;width:7.89px"> </div>certain<div style="display:inline-block;width:7.16px"> </div>derivatives<div style="display:inline-block;width:7.84px"> </div>and<div style="display:inline-block;width:7.5px"> </div>repurchase<div style="display:inline-block;width:8.19px"> </div>and<div style="display:inline-block;width:7.5px"> </div>reverse<div style="display:inline-block;width:7.82px"> </div>repurchase </div><div id="a86568" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61.5px;">transactions with various counterparties,<div style="display:inline-block;width:5.06px"> </div>exchanges and<div style="display:inline-block;width:5.02px"> </div>clearing houses. </div><div id="a86570" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:84.2px;">In<div style="display:inline-block;width:7.19px"> </div>assessing<div style="display:inline-block;width:7.59px"> </div>whether<div style="display:inline-block;width:7.3px"> </div>UBS<div style="display:inline-block;width:7.45px"> </div>intends<div style="display:inline-block;width:7.49px"> </div>to<div style="display:inline-block;width:7.14px"> </div>either<div style="display:inline-block;width:7.36px"> </div>settle<div style="display:inline-block;width:7.68px"> </div>on<div style="display:inline-block;width:7.5px"> </div>a<div style="display:inline-block;width:7.09px"> </div>net<div style="display:inline-block;width:7.14px"> </div>basis,<div style="display:inline-block;width:7.61px"> </div>or<div style="display:inline-block;width:7.62px"> </div>to<div style="display:inline-block;width:7.14px"> </div>realize<div style="display:inline-block;width:7.71px"> </div>the<div style="display:inline-block;width:7.14px"> </div>asset<div style="display:inline-block;width:7.64px"> </div>and<div style="display:inline-block;width:7.5px"> </div>settle<div style="display:inline-block;width:7.2px"> </div>the<div style="display:inline-block;width:7.14px"> </div>liability </div><div id="a86573" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.3px;">simultaneously, emphasis<div style="display:inline-block;width:5.54px"> </div>is placed on<div style="display:inline-block;width:5.38px"> </div>the effectiveness of<div style="display:inline-block;width:5.08px"> </div>operational settlement mechanics<div style="display:inline-block;width:5.82px"> </div>in eliminating substantially </div><div id="a86577" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:114.5px;">all credit and liquidity exposure between<div style="display:inline-block;width:5.06px"> </div>the counterparties. This condition precludes offsetting<div style="display:inline-block;width:5.13px"> </div>on the balance sheet<div style="display:inline-block;width:5.13px"> </div>for </div><div id="a86579" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:130.1px;">substantial<div style="display:inline-block;width:5.39px"> </div>amounts<div style="display:inline-block;width:5.55px"> </div>of<div style="display:inline-block;width:5.25px"> </div>UBS’s<div style="display:inline-block;width:5.71px"> </div>financial assets<div style="display:inline-block;width:6.45px"> </div>and<div style="display:inline-block;width:5.61px"> </div>liabilities,<div style="display:inline-block;width:5.72px"> </div>even<div style="display:inline-block;width:5.2px"> </div>though<div style="display:inline-block;width:6.06px"> </div>they<div style="display:inline-block;width:5.05px"> </div>may<div style="display:inline-block;width:5.32px"> </div>be<div style="display:inline-block;width:5.4px"> </div>subject<div style="display:inline-block;width:5.2px"> </div>to<div style="display:inline-block;width:5.25px"> </div>enforceable<div style="display:inline-block;width:5.43px"> </div>netting </div><div id="a86580" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:145.2px;">arrangements. Repurchase<div style="display:inline-block;width:5.79px"> </div>arrangements and<div style="display:inline-block;width:5.28px"> </div>securities financing transactions<div style="display:inline-block;width:5.4px"> </div>are presented<div style="display:inline-block;width:5.03px"> </div>net only to<div style="display:inline-block;width:5.19px"> </div>the extent that </div><div id="a86587" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.9px;">the settlement<div style="display:inline-block;width:6.34px"> </div>mechanism eliminates,<div style="display:inline-block;width:6.3px"> </div>or results<div style="display:inline-block;width:5.96px"> </div>in insignificant,<div style="display:inline-block;width:6.86px"> </div>credit and<div style="display:inline-block;width:6.01px"> </div>liquidity<div style="display:inline-block;width:5.04px"> </div>risk, and<div style="display:inline-block;width:6.08px"> </div>processes<div style="display:inline-block;width:5.16px"> </div>the receivables </div><div id="a86589" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:176px;">and payables in a single<div style="display:inline-block;width:5.09px"> </div>settlement process or cycle.</div></div> <div id="TextBlockContainer201" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:656px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a86640_1_19" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:7.743px;top:0px;">. Hedge accounting </div><div id="a86643" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.6px;">The<div style="display:inline-block;width:8.24px"> </div>Group<div style="display:inline-block;width:8.63px"> </div>applies<div style="display:inline-block;width:8.28px"> </div>hedge<div style="display:inline-block;width:8.65px"> </div>accounting<div style="display:inline-block;width:8.39px"> </div>requirements<div style="display:inline-block;width:8.46px"> </div>of<div style="display:inline-block;width:8.09px"> </div>IFRS 9<div style="display:inline-block;width:8.46px"> </div>where<div style="display:inline-block;width:8.43px"> </div>the<div style="display:inline-block;width:8.09px"> </div>criteria<div style="display:inline-block;width:8.59px"> </div>for<div style="display:inline-block;width:7.94px"> </div>documentation<div style="display:inline-block;width:8.49px"> </div>and<div style="display:inline-block;width:8.44px"> </div>hedge </div><div id="a86646" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.8px;">effectiveness<div style="display:inline-block;width:5.25px"> </div>are<div style="display:inline-block;width:5.29px"> </div>met. If<div style="display:inline-block;width:5.79px"> </div>a hedge<div style="display:inline-block;width:6.39px"> </div>relationship<div style="display:inline-block;width:5.68px"> </div>no<div style="display:inline-block;width:5.13px"> </div>longer<div style="display:inline-block;width:5.08px"> </div>meets the<div style="display:inline-block;width:5.57px"> </div>criteria for<div style="display:inline-block;width:6.22px"> </div>hedge<div style="display:inline-block;width:5.34px"> </div>accounting,<div style="display:inline-block;width:5.18px"> </div>hedge<div style="display:inline-block;width:5.69px"> </div>accounting<div style="display:inline-block;width:5.08px"> </div>is </div><div id="a86648" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:46.4px;">discontinued. Voluntary<div style="display:inline-block;width:5.46px"> </div>discontinuation of hedge<div style="display:inline-block;width:5.38px"> </div>accounting is not permitted under IFRS 9. </div><div id="a86657" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:68.8px;">Fair value hedges of interest rate risk<div style="display:inline-block;width:5.14px"> </div>related to debt instruments and<div style="display:inline-block;width:5.15px"> </div>loan assets </div><div id="a86659" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:84.2px;">The<div style="display:inline-block;width:5.4px"> </div>fair value<div style="display:inline-block;width:6.21px"> </div>change<div style="display:inline-block;width:5.61px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>hedged<div style="display:inline-block;width:6.01px"> </div>item attributable<div style="display:inline-block;width:6.57px"> </div>to<div style="display:inline-block;width:5.25px"> </div>a<div style="display:inline-block;width:5.2px"> </div>hedged<div style="display:inline-block;width:6.26px"> </div>risk is<div style="display:inline-block;width:6.46px"> </div>reflected<div style="display:inline-block;width:5.35px"> </div>as<div style="display:inline-block;width:5.25px"> </div>an<div style="display:inline-block;width:5.4px"> </div>adjustment<div style="display:inline-block;width:5.29px"> </div>to<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>carrying </div><div id="a86662" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.3px;">amount<div style="display:inline-block;width:5.5px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>hedged<div style="display:inline-block;width:5.54px"> </div>item and<div style="display:inline-block;width:6.72px"> </div>recognized<div style="display:inline-block;width:5.59px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the<div style="display:inline-block;width:5.25px"> </div>income<div style="display:inline-block;width:5.15px"> </div>statement<div style="display:inline-block;width:5.31px"> </div>along<div style="display:inline-block;width:5.7px"> </div>with<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>change<div style="display:inline-block;width:5.61px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the<div style="display:inline-block;width:5.25px"> </div>fair value<div style="display:inline-block;width:6.21px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the </div><div id="a86663" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:115px;">hedging instrument. </div><div id="a86665" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:137.4px;">Fair value hedges of FX risk related to<div style="display:inline-block;width:5.07px"> </div>debt instruments </div><div id="a86670" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:152.8px;">The fair value change of the<div style="display:inline-block;width:5.02px"> </div>hedged item attributable to the<div style="display:inline-block;width:5.12px"> </div>hedged risk is reflected<div style="display:inline-block;width:5.29px"> </div>in the measurement of the hedged </div><div id="a86678" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:168.4px;">item and<div style="display:inline-block;width:5.77px"> </div>recognized<div style="display:inline-block;width:5.12px"> </div>in the<div style="display:inline-block;width:5.93px"> </div>income statement<div style="display:inline-block;width:5.84px"> </div>along<div style="display:inline-block;width:5.23px"> </div>with the<div style="display:inline-block;width:5.88px"> </div>change<div style="display:inline-block;width:5.13px"> </div>in the<div style="display:inline-block;width:5.45px"> </div>fair value<div style="display:inline-block;width:5.74px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>hedging instrument.<div style="display:inline-block;width:5.78px"> </div>The </div><div id="a86679" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183.6px;">foreign currency basis spread of cross-currency swaps designated as hedging derivatives is excluded from<div style="display:inline-block;width:2.24px"> </div>the designation </div><div id="a86685" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:198.7px;">and<div style="display:inline-block;width:5.61px"> </div>accounted<div style="display:inline-block;width:5.45px"> </div>for<div style="display:inline-block;width:5.1px"> </div>as a<div style="display:inline-block;width:6.3px"> </div>cost of<div style="display:inline-block;width:6.2px"> </div>hedging<div style="display:inline-block;width:5.16px"> </div>with<div style="display:inline-block;width:5.25px"> </div>amounts<div style="display:inline-block;width:5.08px"> </div>deferred<div style="display:inline-block;width:5.39px"> </div>in </div><div id="a86686" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:395.312px;top:198.5px;">Other comprehensive<div style="display:inline-block;width:6.56px"> </div>income</div><div id="a86687" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:563.752px;top:198.7px;"><div style="display:inline-block;width:5.2px"> </div>within </div><div id="a86689" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:609.658px;top:198.5px;">Equity</div><div id="a86690" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:644.178px;top:198.7px;">.<div style="display:inline-block;width:5.31px"> </div>These </div><div id="a86691" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:214.3px;">amounts are released to the<div style="display:inline-block;width:5.03px"> </div>income statement over the term<div style="display:inline-block;width:5.11px"> </div>of<div style="display:inline-block;width:3.99px"> </div>the hedged item. </div><div id="a86697" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:236.8px;">Discontinuation of fair value hedges </div><div id="a86699" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:252.1px;">Discontinuations for reasons other<div style="display:inline-block;width:2.01px"> </div>than derecognition of the<div style="display:inline-block;width:1.87px"> </div>hedged item result in<div style="display:inline-block;width:1.83px"> </div>an adjustment to the<div style="display:inline-block;width:1.65px"> </div>carrying amount, </div><div id="a86700" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:267.8px;">which<div style="display:inline-block;width:5.88px"> </div>is<div style="display:inline-block;width:5.62px"> </div>amortized<div style="display:inline-block;width:5.31px"> </div>to<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>income<div style="display:inline-block;width:5.62px"> </div>statement<div style="display:inline-block;width:5.31px"> </div>over<div style="display:inline-block;width:5.52px"> </div>the<div style="display:inline-block;width:5.72px"> </div>remaining<div style="display:inline-block;width:6.48px"> </div>life<div style="display:inline-block;width:5.31px"> </div>of<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>hedged<div style="display:inline-block;width:5.82px"> </div>item<div style="display:inline-block;width:5.26px"> </div>using<div style="display:inline-block;width:6.23px"> </div>the<div style="display:inline-block;width:5.25px"> </div>effective<div style="display:inline-block;width:5.42px"> </div>interest </div><div id="a86702" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:282.9px;">method. If the hedged item is derecognized,<div style="display:inline-block;width:5.16px"> </div>the unamortized fair value adjustment or deferred<div style="display:inline-block;width:5.25px"> </div>cost of hedging amount </div><div id="a86703" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:298.1px;">is recognized immediately in the income<div style="display:inline-block;width:5.37px"> </div>statement as part of any derecognition<div style="display:inline-block;width:5.62px"> </div>gain or loss. </div><div id="a86705" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:321px;">Cash flow hedges of<div style="display:inline-block;width:5.08px"> </div>forecast transactions </div><div id="a86708" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:336.4px;">Fair value gains or losses associated<div style="display:inline-block;width:2.06px"> </div>with the effective portion of derivatives designated as cash flow<div style="display:inline-block;width:2.26px"> </div>hedges for cash flow </div><div id="a86709" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:351.5px;">repricing<div style="display:inline-block;width:5.8px"> </div>risk are<div style="display:inline-block;width:6.6px"> </div>recognized<div style="display:inline-block;width:5.59px"> </div>initially in </div><div id="a86710" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:232.978px;top:351.3px;">Other comprehensive<div style="display:inline-block;width:7.03px"> </div>income </div><div id="a86711" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:407.125px;top:351.5px;">within </div><div id="a86712" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:447.832px;top:351.3px;">Equity</div><div id="a86713" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:482.352px;top:351.5px;"><div style="display:inline-block;width:5.2px"> </div>and<div style="display:inline-block;width:5.61px"> </div>reclassified to </div><div id="a86716" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:597.325px;top:351.3px;">Interest income </div><div id="a86717" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:366.9px;">from financial<div style="display:inline-block;width:5.26px"> </div>instruments measured<div style="display:inline-block;width:5.91px"> </div>at amortized<div style="display:inline-block;width:5.74px"> </div>cost and<div style="display:inline-block;width:5.13px"> </div>fair value<div style="display:inline-block;width:5.26px"> </div>through other<div style="display:inline-block;width:6.11px"> </div>comprehensive income</div><div id="a86718" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:622.898px;top:367.1px;"><div style="display:inline-block;width:4.25px"> </div>or </div><div id="a86720" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:643.232px;top:366.9px;">Interest </div><div id="a86721" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:382px;">expense<div style="display:inline-block;width:5.45px"> </div>from financial<div style="display:inline-block;width:6.68px"> </div>instruments<div style="display:inline-block;width:5.66px"> </div>measured<div style="display:inline-block;width:5.35px"> </div>at<div style="display:inline-block;width:5.05px"> </div>amortized<div style="display:inline-block;width:5.79px"> </div>cost</div><div id="a86722" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:374.472px;top:382.3px;"><div style="display:inline-block;width:5.2px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the<div style="display:inline-block;width:5.25px"> </div>periods<div style="display:inline-block;width:5.6px"> </div>when<div style="display:inline-block;width:5.71px"> </div>the<div style="display:inline-block;width:5.25px"> </div>hedged<div style="display:inline-block;width:5.54px"> </div>forecast<div style="display:inline-block;width:5.03px"> </div>cash<div style="display:inline-block;width:5.25px"> </div>flows </div><div id="a86724" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:397.4px;">affect profit<div style="display:inline-block;width:5.47px"> </div>or loss,<div style="display:inline-block;width:5.18px"> </div>including<div style="display:inline-block;width:5.23px"> </div>discontinued<div style="display:inline-block;width:5.08px"> </div>hedges for which<div style="display:inline-block;width:5.73px"> </div>forecast<div style="display:inline-block;width:5.03px"> </div>cash flows are<div style="display:inline-block;width:6.12px"> </div>expected to<div style="display:inline-block;width:5.2px"> </div>occur.<div style="display:inline-block;width:5.42px"> </div>If the<div style="display:inline-block;width:5.57px"> </div>forecast </div><div id="a86730" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:413px;">transactions<div style="display:inline-block;width:5.61px"> </div>are<div style="display:inline-block;width:5.29px"> </div>no<div style="display:inline-block;width:5.61px"> </div>longer<div style="display:inline-block;width:5.08px"> </div>expected<div style="display:inline-block;width:5.05px"> </div>to<div style="display:inline-block;width:5.25px"> </div>occur,<div style="display:inline-block;width:6.37px"> </div>the<div style="display:inline-block;width:5.25px"> </div>deferred<div style="display:inline-block;width:5.39px"> </div>gains<div style="display:inline-block;width:5.55px"> </div>or<div style="display:inline-block;width:5.02px"> </div>losses<div style="display:inline-block;width:5.45px"> </div>are<div style="display:inline-block;width:5.29px"> </div>immediately reclassified<div style="display:inline-block;width:6.68px"> </div>to<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>income </div><div id="a86734" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:428.2px;">statement. </div><div id="a86737" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:451.1px;">Hedges of net investments in foreign<div style="display:inline-block;width:5.14px"> </div>operations </div><div id="a86743" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:466.5px;">Gains or losses<div style="display:inline-block;width:5.75px"> </div>on the<div style="display:inline-block;width:5.29px"> </div>hedging<div style="display:inline-block;width:5.16px"> </div>instrument relating<div style="display:inline-block;width:5.37px"> </div>to the effective<div style="display:inline-block;width:6.2px"> </div>portion of<div style="display:inline-block;width:5.28px"> </div>a hedge<div style="display:inline-block;width:5.44px"> </div>are recognized<div style="display:inline-block;width:5.78px"> </div>directly in </div><div id="a86744" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:652.698px;top:466.2px;">Other </div><div id="a86745" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:481.4px;">comprehensive income</div><div id="a86746" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:135.045px;top:481.6px;"><div style="display:inline-block;width:4.27px"> </div>within </div><div id="a86748" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:179.032px;top:481.4px;">Equity, </div><div id="a86749" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:221.618px;top:481.6px;">while any gains<div style="display:inline-block;width:5.42px"> </div>or losses<div style="display:inline-block;width:5.13px"> </div>relating to the<div style="display:inline-block;width:5.16px"> </div>ineffective and<div style="display:inline-block;width:5.08px"> </div>/ or undesignated<div style="display:inline-block;width:5.34px"> </div>portion </div><div id="a86753" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:497.2px;">(for example,<div style="display:inline-block;width:2.32px"> </div>the interest element<div style="display:inline-block;width:2.34px"> </div>of a forward contract)<div style="display:inline-block;width:2.19px"> </div>are recognized in the income<div style="display:inline-block;width:1.93px"> </div>statement. Upon disposal or<div style="display:inline-block;width:1.83px"> </div>partial </div><div id="a86754" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:512.4px;">disposal of<div style="display:inline-block;width:5.38px"> </div>the foreign operation,<div style="display:inline-block;width:5.92px"> </div>the cumulative value of<div style="display:inline-block;width:5.47px"> </div>any such<div style="display:inline-block;width:5.08px"> </div>gains or losses<div style="display:inline-block;width:5.11px"> </div>recognized in </div><div id="a86755" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:559.498px;top:512.1px;">Equity</div><div id="a86756" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:594.018px;top:512.4px;"><div style="display:inline-block;width:4.25px"> </div>associated with </div><div id="a86759" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:527.5px;">the entity</div><div id="a86760" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:58.376px;top:527.3px;"> </div><div id="a86761" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:62.158px;top:527.5px;">is reclassified to </div><div id="a86762" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:155.378px;top:527.3px;">Other income</div><div id="a86763" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:232.978px;top:527.5px;">. </div><div id="a86765" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:550.4px;">Interest Rate Benchmark Reform<div style="display:inline-block;width:4.94px"> </div></div><div id="a86770" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:565.8px;">UBS continues<div style="display:inline-block;width:4.7px"> </div>hedge accounting during<div style="display:inline-block;width:5.5px"> </div>the period of uncertainty before existing<div style="display:inline-block;width:5.56px"> </div>interest rate benchmarks<div style="display:inline-block;width:5.18px"> </div>are replaced </div><div id="a86774" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:581px;">with alternative risk-free<div style="display:inline-block;width:5.61px"> </div>interest rates.<div style="display:inline-block;width:5.55px"> </div>During this<div style="display:inline-block;width:5.33px"> </div>period, UBS<div style="display:inline-block;width:5.17px"> </div>assumes that the<div style="display:inline-block;width:5.27px"> </div>current benchmark rates<div style="display:inline-block;width:5.71px"> </div>will continue </div><div id="a86780" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:596.6px;">to exist, such that forecast<div style="display:inline-block;width:5.9px"> </div>transactions are considered<div style="display:inline-block;width:5.6px"> </div>highly probable and<div style="display:inline-block;width:5.38px"> </div>hedge relationships<div style="display:inline-block;width:5.49px"> </div>remain, with little<div style="display:inline-block;width:5.26px"> </div>or no </div><div id="a86789" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:611.7px;">consequential impact on the<div style="display:inline-block;width:5.11px"> </div>financial statements. Upon<div style="display:inline-block;width:5.7px"> </div>replacement of existing<div style="display:inline-block;width:5.23px"> </div>interest rate benchmark<div style="display:inline-block;width:1.7px"> </div>s<div style="display:inline-block;width:3.86px"> </div>by alternative </div><div id="a86793" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:626.9px;">risk-free interest rates, UBS<div style="display:inline-block;width:1.94px"> </div>applies the requirements<div style="display:inline-block;width:2.19px"> </div>of </div><div id="a86802" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:314.378px;top:626.6px;">Amendments to IFRS 9,<div style="display:inline-block;width:2.9px"> </div>IAS 39, IFRS 7, IFRS 4<div style="display:inline-block;width:1.91px"> </div>and IFRS 16 (Interest </div><div id="a86820" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:642.2px;">Rate Benchmark Reform – Phase 2), </div><div id="a86825" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:211.685px;top:642.5px;">where applicable</div><div id="a86828" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:307.752px;top:642.2px;">.</div></div> <div id="TextBlockContainer203" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:213px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a86840" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">3)<div style="display:inline-block;width:3.83px"> </div>Fee and commission income and<div style="display:inline-block;width:5.02px"> </div>expenses </div><div id="a86847" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23.5px;">UBS<div style="display:inline-block;width:5.08px"> </div>earns fee<div style="display:inline-block;width:5.48px"> </div>income from<div style="display:inline-block;width:5.71px"> </div>the diverse<div style="display:inline-block;width:6.09px"> </div>range<div style="display:inline-block;width:5.15px"> </div>of services<div style="display:inline-block;width:5.76px"> </div>it provides<div style="display:inline-block;width:5.96px"> </div>to its<div style="display:inline-block;width:6.09px"> </div>clients. Fee<div style="display:inline-block;width:5.84px"> </div>income can<div style="display:inline-block;width:5.72px"> </div>be divided<div style="display:inline-block;width:6.18px"> </div>into two </div><div id="a86850" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.7px;">broad<div style="display:inline-block;width:5.89px"> </div>categories:<div style="display:inline-block;width:5.15px"> </div>fees<div style="display:inline-block;width:5.1px"> </div>earned<div style="display:inline-block;width:5.21px"> </div>from<div style="display:inline-block;width:5.18px"> </div>services<div style="display:inline-block;width:5.11px"> </div>that<div style="display:inline-block;width:5.1px"> </div>are<div style="display:inline-block;width:5.76px"> </div>provided<div style="display:inline-block;width:5.79px"> </div>over<div style="display:inline-block;width:5.05px"> </div>a<div style="display:inline-block;width:5.2px"> </div>certain<div style="display:inline-block;width:5.26px"> </div>period<div style="display:inline-block;width:5.55px"> </div>of<div style="display:inline-block;width:5.25px"> </div>time, such<div style="display:inline-block;width:6.67px"> </div>as<div style="display:inline-block;width:5.25px"> </div>management<div style="display:inline-block;width:5.35px"> </div>of </div><div id="a86851" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:54.3px;">clients’<div style="display:inline-block;width:6.41px"> </div>assets,<div style="display:inline-block;width:6.72px"> </div>custody<div style="display:inline-block;width:6.72px"> </div>services<div style="display:inline-block;width:6.53px"> </div>and<div style="display:inline-block;width:7.03px"> </div>certain<div style="display:inline-block;width:6.21px"> </div>advisory<div style="display:inline-block;width:6.41px"> </div>services;<div style="display:inline-block;width:6.85px"> </div>and<div style="display:inline-block;width:7.03px"> </div>fees<div style="display:inline-block;width:6.52px"> </div>earned<div style="display:inline-block;width:6.63px"> </div>from<div style="display:inline-block;width:6.6px"> </div>point-in-time<div style="display:inline-block;width:6.48px"> </div>services,<div style="display:inline-block;width:7.11px"> </div>such<div style="display:inline-block;width:6.87px"> </div>as </div><div id="a86858" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:69.4px;">underwriting<div style="display:inline-block;width:6.12px"> </div>fees,<div style="display:inline-block;width:5.67px"> </div>deal-contingent<div style="display:inline-block;width:6.11px"> </div>merger<div style="display:inline-block;width:5.89px"> </div>and<div style="display:inline-block;width:6.08px"> </div>acquisitions<div style="display:inline-block;width:5.91px"> </div>fees,<div style="display:inline-block;width:5.67px"> </div>and<div style="display:inline-block;width:6.08px"> </div>brokerage<div style="display:inline-block;width:6.21px"> </div>fees<div style="display:inline-block;width:5.1px"> </div>(e.g.,<div style="display:inline-block;width:6.29px"> </div>securities<div style="display:inline-block;width:5.26px"> </div>and<div style="display:inline-block;width:6.08px"> </div>derivatives </div><div id="a86861" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:84.5px;">execution and clearing). UBS recognizes<div style="display:inline-block;width:5.19px"> </div>fees earned from PIT services when it has fully provided the<div style="display:inline-block;width:5.11px"> </div>service to the client. </div><div id="a86865" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:100.1px;">Where the contract requires services to be provided over time, income is recognized<div style="display:inline-block;width:5.33px"> </div>on a systematic basis over the life of </div><div id="a86866" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:115.3px;">the agreement. </div><div id="a86868" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:138.5px;">Consideration<div style="display:inline-block;width:5.9px"> </div>received is<div style="display:inline-block;width:6.45px"> </div>allocated<div style="display:inline-block;width:5.04px"> </div>to<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>separately identifiable<div style="display:inline-block;width:6.72px"> </div>performance<div style="display:inline-block;width:5.47px"> </div>obligations<div style="display:inline-block;width:5.8px"> </div>in<div style="display:inline-block;width:5.3px"> </div>a<div style="display:inline-block;width:5.2px"> </div>contract. Owing<div style="display:inline-block;width:6.67px"> </div>to<div style="display:inline-block;width:5.25px"> </div>the </div><div id="a86869" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:153.6px;">nature of UBS’s business,<div style="display:inline-block;width:5.37px"> </div>contracts that include multiple performance<div style="display:inline-block;width:5.35px"> </div>obligations are typically those<div style="display:inline-block;width:5.15px"> </div>that are considered </div><div id="a86872" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:168.7px;">to include<div style="display:inline-block;width:5.08px"> </div>a series of<div style="display:inline-block;width:5.36px"> </div>similar performance<div style="display:inline-block;width:5.47px"> </div>obligations fulfilled<div style="display:inline-block;width:5.58px"> </div>over time<div style="display:inline-block;width:5.22px"> </div>with the same<div style="display:inline-block;width:5.88px"> </div>pattern of<div style="display:inline-block;width:5.06px"> </div>transfer to the<div style="display:inline-block;width:6.09px"> </div>client, </div><div id="a86874" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183.9px;">e.g.,<div style="display:inline-block;width:5.72px"> </div>management<div style="display:inline-block;width:5.35px"> </div>of<div style="display:inline-block;width:5.25px"> </div>client<div style="display:inline-block;width:5.31px"> </div>assets<div style="display:inline-block;width:5.67px"> </div>and<div style="display:inline-block;width:5.61px"> </div>custodial<div style="display:inline-block;width:5.29px"> </div>services.<div style="display:inline-block;width:5.69px"> </div>As<div style="display:inline-block;width:5.4px"> </div>a<div style="display:inline-block;width:5.2px"> </div>consequence,<div style="display:inline-block;width:5.96px"> </div>UBS<div style="display:inline-block;width:5.56px"> </div>is<div style="display:inline-block;width:5.62px"> </div>not<div style="display:inline-block;width:5.45px"> </div>required<div style="display:inline-block;width:5.88px"> </div>to<div style="display:inline-block;width:5.25px"> </div>apply<div style="display:inline-block;width:5.3px"> </div>significant </div><div id="a86875" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:199.5px;">judgment in allocating the consideration<div style="display:inline-block;width:5.12px"> </div>received across the various<div style="display:inline-block;width:5.05px"> </div>performance obligations.</div></div><div id="TextBlockContainer207" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:290px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a86916" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">PIT services<div style="display:inline-block;width:5.11px"> </div>are generally<div style="display:inline-block;width:5.23px"> </div>for a<div style="display:inline-block;width:5.2px"> </div>fixed price<div style="display:inline-block;width:5.26px"> </div>or dependent<div style="display:inline-block;width:5.74px"> </div>on deal<div style="display:inline-block;width:5.34px"> </div>size, e.g.,<div style="display:inline-block;width:5.2px"> </div>a fixed number<div style="display:inline-block;width:5.93px"> </div>of basis<div style="display:inline-block;width:5.08px"> </div>points of<div style="display:inline-block;width:5.28px"> </div>trade size, </div><div id="a86920" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">where the amount of revenue is known when the performance obligation is met. Fixed<div style="display:inline-block;width:1.34px"> </div>-over-time fees are recognized on </div><div id="a86925" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">a straight-line<div style="display:inline-block;width:2.31px"> </div>basis over the<div style="display:inline-block;width:1.75px"> </div>performance period. Custodial and asset<div style="display:inline-block;width:1.46px"> </div>management fees can<div style="display:inline-block;width:1.67px"> </div>be variable<div style="display:inline-block;width:2.31px"> </div>through reference </div><div id="a86929" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.4px;">to<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:6.2px"> </div>size<div style="display:inline-block;width:5.89px"> </div>of<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:6.2px"> </div>customer<div style="display:inline-block;width:5.94px"> </div>portfolio.<div style="display:inline-block;width:6.39px"> </div>However,<div style="display:inline-block;width:6.63px"> </div>they<div style="display:inline-block;width:5.99px"> </div>are<div style="display:inline-block;width:6.23px"> </div>generally<div style="display:inline-block;width:5.99px"> </div>billed<div style="display:inline-block;width:6.24px"> </div>on<div style="display:inline-block;width:6.55px"> </div>a<div style="display:inline-block;width:6.15px"> </div>monthly<div style="display:inline-block;width:6.14px"> </div>or<div style="display:inline-block;width:6.2px"> </div>quarterly<div style="display:inline-block;width:5.79px"> </div>basis<div style="display:inline-block;width:6.34px"> </div>once<div style="display:inline-block;width:6.35px"> </div>the </div><div id="a86930" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">customer’s<div style="display:inline-block;width:7.04px"> </div>portfolio<div style="display:inline-block;width:7.71px"> </div>size<div style="display:inline-block;width:6.84px"> </div>is<div style="display:inline-block;width:7.04px"> </div>known<div style="display:inline-block;width:7.8px"> </div>or<div style="display:inline-block;width:7.14px"> </div>known<div style="display:inline-block;width:7.49px"> </div>with<div style="display:inline-block;width:7.14px"> </div>near<div style="display:inline-block;width:7.14px"> </div>certainty<div style="display:inline-block;width:6.8px"> </div>and<div style="display:inline-block;width:7.5px"> </div>therefore<div style="display:inline-block;width:7.36px"> </div>also<div style="display:inline-block;width:7.24px"> </div>recognized<div style="display:inline-block;width:7.48px"> </div>ratably<div style="display:inline-block;width:6.68px"> </div>over<div style="display:inline-block;width:7.41px"> </div>the </div><div id="a86932" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;">performance period.<div style="display:inline-block;width:5.55px"> </div>UBS does not<div style="display:inline-block;width:5.05px"> </div>recognize performance fees<div style="display:inline-block;width:5.28px"> </div>related to management<div style="display:inline-block;width:5.64px"> </div>of clients’ assets<div style="display:inline-block;width:5.24px"> </div>or fees related </div><div id="a86933" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:92.3px;">to contingencies beyond UBS’s<div style="display:inline-block;width:5.55px"> </div>control until such uncertainties are resolved.<div style="display:inline-block;width:5.29px"> </div></div><div id="a86936" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:115px;">UBS’s<div style="display:inline-block;width:6.66px"> </div>fees<div style="display:inline-block;width:6.04px"> </div>are<div style="display:inline-block;width:6.23px"> </div>generally<div style="display:inline-block;width:5.52px"> </div>earned<div style="display:inline-block;width:6.63px"> </div>from<div style="display:inline-block;width:6.13px"> </div>short-term<div style="display:inline-block;width:6.32px"> </div>contracts.<div style="display:inline-block;width:6.31px"> </div>As<div style="display:inline-block;width:6.35px"> </div>a<div style="display:inline-block;width:6.15px"> </div>result,<div style="display:inline-block;width:6.33px"> </div>UBS’s<div style="display:inline-block;width:6.18px"> </div>contracts<div style="display:inline-block;width:5.74px"> </div>do<div style="display:inline-block;width:6.55px"> </div>not<div style="display:inline-block;width:6.4px"> </div>include<div style="display:inline-block;width:6.34px"> </div>a<div style="display:inline-block;width:6.15px"> </div>financing </div><div id="a86939" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:130.1px;">component<div style="display:inline-block;width:5.23px"> </div>or result<div style="display:inline-block;width:5.91px"> </div>in the<div style="display:inline-block;width:5.45px"> </div>recognition of<div style="display:inline-block;width:5.89px"> </div>significant receivables<div style="display:inline-block;width:5.81px"> </div>or prepayment<div style="display:inline-block;width:6.01px"> </div>assets. Furthermore,<div style="display:inline-block;width:6.33px"> </div>due<div style="display:inline-block;width:5.13px"> </div>to the<div style="display:inline-block;width:5.4px"> </div>short-</div><div id="a86941" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:145.7px;">term nature of such contracts,<div style="display:inline-block;width:5.05px"> </div>UBS has not capitalized<div style="display:inline-block;width:5.43px"> </div>any material costs to obtain<div style="display:inline-block;width:5.29px"> </div>or fulfill a contract<div style="display:inline-block;width:5.05px"> </div>or generated any </div><div id="a86943" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:160.9px;">significant contract assets or liabilities. </div><div id="a86945" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:183.6px;">UBS presents expenses primarily in line with their nature in the<div style="display:inline-block;width:5.08px"> </div>income statement, differentiating between<div style="display:inline-block;width:5.17px"> </div>expenses that </div><div id="a86947" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:198.7px;">are directly<div style="display:inline-block;width:2.08px"> </div>attributable to the satisfaction<div style="display:inline-block;width:2.19px"> </div>of specific performance obligations associated with<div style="display:inline-block;width:1.73px"> </div>the generation of<div style="display:inline-block;width:2.12px"> </div>revenues, </div><div id="a86951" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:214.3px;">which<div style="display:inline-block;width:5.88px"> </div>are<div style="display:inline-block;width:5.76px"> </div>generally<div style="display:inline-block;width:5.52px"> </div>presented<div style="display:inline-block;width:6.26px"> </div>within </div><div id="a86952" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:227.298px;top:214.1px;">Total<div style="display:inline-block;width:5.93px"> </div>revenues</div><div id="a86954" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:310.592px;top:214.3px;"><div style="display:inline-block;width:5.68px"> </div>as </div><div id="a86956" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:333.765px;top:214.1px;">Fee<div style="display:inline-block;width:5.47px"> </div>and<div style="display:inline-block;width:6.08px"> </div>commission<div style="display:inline-block;width:6.14px"> </div>expense</div><div id="a86957" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:504.138px;top:214.3px;">,<div style="display:inline-block;width:5.78px"> </div>and<div style="display:inline-block;width:6.08px"> </div>those<div style="display:inline-block;width:5.98px"> </div>that<div style="display:inline-block;width:5.57px"> </div>are<div style="display:inline-block;width:5.76px"> </div>related<div style="display:inline-block;width:5.8px"> </div>to </div><div id="a86959" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:229.5px;">personnel, general and administrative<div style="display:inline-block;width:1.37px"> </div>expenses, which are<div style="display:inline-block;width:1.85px"> </div>presented within </div><div id="a86960" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:430.778px;top:229.2px;">Operating expenses</div><div id="a86962" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:541.965px;top:229.5px;">. For<div style="display:inline-block;width:1.95px"> </div>derivatives execution </div><div id="a86963" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:245.1px;">and clearing services (where<div style="display:inline-block;width:5.22px"> </div>UBS acts as an agent),<div style="display:inline-block;width:5.43px"> </div>UBS only records its specific<div style="display:inline-block;width:5.77px"> </div>fees in the income statement,<div style="display:inline-block;width:5.35px"> </div>with fees </div><div id="a86964" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:260.2px;">payable to other parties not recognized<div style="display:inline-block;width:5.06px"> </div>as an expense but instead directly offset against the associated income collected </div><div id="a86967" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:275.8px;">from the given client.</div></div> <div id="TextBlockContainer209" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:426px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a86976" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">4) Share-based and other deferred<div style="display:inline-block;width:5.43px"> </div>compensation plans </div><div id="a86988" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23.1px;">UBS<div style="display:inline-block;width:5.08px"> </div>recognizes expenses<div style="display:inline-block;width:6.31px"> </div>for deferred<div style="display:inline-block;width:6.8px"> </div>compensation<div style="display:inline-block;width:5.18px"> </div>awards<div style="display:inline-block;width:5.17px"> </div>over<div style="display:inline-block;width:5.05px"> </div>the period<div style="display:inline-block;width:6.18px"> </div>that the<div style="display:inline-block;width:6.2px"> </div>employee is<div style="display:inline-block;width:5.67px"> </div>required<div style="display:inline-block;width:5.88px"> </div>to provide </div><div id="a86989" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.7px;">service to<div style="display:inline-block;width:5.69px"> </div>become entitled<div style="display:inline-block;width:5.72px"> </div>to the<div style="display:inline-block;width:5.88px"> </div>award.<div style="display:inline-block;width:5.23px"> </div>Where the<div style="display:inline-block;width:5.91px"> </div>service period<div style="display:inline-block;width:5.52px"> </div>is shortened,<div style="display:inline-block;width:5.91px"> </div>for example in<div style="display:inline-block;width:6.09px"> </div>the case<div style="display:inline-block;width:5.68px"> </div>of employees </div><div id="a86990" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">affected by restructuring programs or mutually agreed termination provisions, recognition<div style="display:inline-block;width:5.31px"> </div>of such expense is accelerated </div><div id="a86992" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:69.4px;">to the<div style="display:inline-block;width:5.88px"> </div>termination date.<div style="display:inline-block;width:6.19px"> </div>Where no<div style="display:inline-block;width:6.27px"> </div>future service<div style="display:inline-block;width:5.35px"> </div>is required,<div style="display:inline-block;width:6.5px"> </div>such as<div style="display:inline-block;width:6.08px"> </div>for employees<div style="display:inline-block;width:5.67px"> </div>who are<div style="display:inline-block;width:5.9px"> </div>eligible for<div style="display:inline-block;width:5.66px"> </div>retirement or </div><div id="a86993" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:84.5px;">who<div style="display:inline-block;width:8.08px"> </div>have<div style="display:inline-block;width:7.57px"> </div>met<div style="display:inline-block;width:7.26px"> </div>certain<div style="display:inline-block;width:7.16px"> </div>age<div style="display:inline-block;width:7.77px"> </div>and<div style="display:inline-block;width:7.97px"> </div>length-of-service<div style="display:inline-block;width:7.6px"> </div>criteria,<div style="display:inline-block;width:7.8px"> </div>the<div style="display:inline-block;width:7.62px"> </div>services<div style="display:inline-block;width:7.48px"> </div>are<div style="display:inline-block;width:7.65px"> </div>presumed<div style="display:inline-block;width:8.15px"> </div>to<div style="display:inline-block;width:7.62px"> </div>have<div style="display:inline-block;width:7.57px"> </div>been<div style="display:inline-block;width:7.97px"> </div>received<div style="display:inline-block;width:7.35px"> </div>and </div><div id="a87000" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.7px;">compensation expense<div style="display:inline-block;width:5.53px"> </div>is recognized<div style="display:inline-block;width:5.16px"> </div>over the performance<div style="display:inline-block;width:5.1px"> </div>year or,<div style="display:inline-block;width:5.33px"> </div>in the case<div style="display:inline-block;width:5.4px"> </div>of off-cycle<div style="display:inline-block;width:5.16px"> </div>awards, immediately<div style="display:inline-block;width:5.55px"> </div>on the </div><div id="a87009" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:115.3px;">grant date. </div><div id="a87013" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:138px;">Share-based compensation plans </div><div id="a87017" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:153.1px;">Share-based compensation<div style="display:inline-block;width:5.93px"> </div>expense is<div style="display:inline-block;width:5.03px"> </div>measured by<div style="display:inline-block;width:5.22px"> </div>reference to the<div style="display:inline-block;width:5.53px"> </div>fair value of<div style="display:inline-block;width:5.42px"> </div>the equity instruments<div style="display:inline-block;width:5.39px"> </div>on the<div style="display:inline-block;width:5.29px"> </div>date of </div><div id="a87021" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:168.8px;">grant, taking<div style="display:inline-block;width:6.13px"> </div>into account<div style="display:inline-block;width:5.98px"> </div>the terms<div style="display:inline-block;width:5.42px"> </div>and<div style="display:inline-block;width:5.29px"> </div>conditions<div style="display:inline-block;width:5.26px"> </div>inherent<div style="display:inline-block;width:5.16px"> </div>in the<div style="display:inline-block;width:5.93px"> </div>award,<div style="display:inline-block;width:5.23px"> </div>including, where<div style="display:inline-block;width:6.3px"> </div>relevant, dividend<div style="display:inline-block;width:6.11px"> </div>rights, </div><div id="a87025" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183.9px;">transfer restrictions in effect<div style="display:inline-block;width:5.02px"> </div>beyond<div style="display:inline-block;width:4.52px"> </div>the vesting date, market conditions, and<div style="display:inline-block;width:5.52px"> </div>non-vesting conditions.<div style="display:inline-block;width:4.67px"> </div></div><div id="a87030" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:206.6px;">For equity-settled awards,<div style="display:inline-block;width:5.94px"> </div>fair value is not<div style="display:inline-block;width:5.67px"> </div>remeasured unless<div style="display:inline-block;width:5.23px"> </div>the terms of<div style="display:inline-block;width:5.1px"> </div>the award are modified<div style="display:inline-block;width:5.66px"> </div>such that there<div style="display:inline-block;width:5.22px"> </div>is an </div><div id="a87033" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:221.7px;">incremental<div style="display:inline-block;width:5.45px"> </div>increase<div style="display:inline-block;width:6.18px"> </div>in<div style="display:inline-block;width:5.77px"> </div>value.<div style="display:inline-block;width:5.67px"> </div>Expenses<div style="display:inline-block;width:5.98px"> </div>are<div style="display:inline-block;width:5.76px"> </div>recognized,<div style="display:inline-block;width:5.69px"> </div>on<div style="display:inline-block;width:6.08px"> </div>a<div style="display:inline-block;width:5.2px"> </div>per-tranche<div style="display:inline-block;width:5.24px"> </div>basis,<div style="display:inline-block;width:5.98px"> </div>over<div style="display:inline-block;width:5.05px"> </div>the<div style="display:inline-block;width:5.72px"> </div>service<div style="display:inline-block;width:5.53px"> </div>period<div style="display:inline-block;width:6.02px"> </div>based<div style="display:inline-block;width:5.66px"> </div>on<div style="display:inline-block;width:6.08px"> </div>an </div><div id="a87037" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:237.3px;">estimate of<div style="display:inline-block;width:5.79px"> </div>the number<div style="display:inline-block;width:6.13px"> </div>of instruments<div style="display:inline-block;width:6.29px"> </div>expected<div style="display:inline-block;width:5.52px"> </div>to vest<div style="display:inline-block;width:5.52px"> </div>and<div style="display:inline-block;width:5.13px"> </div>are adjusted<div style="display:inline-block;width:6.26px"> </div>to reflect<div style="display:inline-block;width:6.25px"> </div>the actual<div style="display:inline-block;width:5.57px"> </div>outcomes<div style="display:inline-block;width:5.35px"> </div>of service<div style="display:inline-block;width:6.16px"> </div>or </div><div id="a87038" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:252.5px;">performance conditions.<div style="display:inline-block;width:4.84px"> </div></div><div id="a87040" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:275.7px;">For equity-settled<div style="display:inline-block;width:6.26px"> </div>awards,<div style="display:inline-block;width:5.27px"> </div>forfeiture events<div style="display:inline-block;width:5.45px"> </div>resulting<div style="display:inline-block;width:5.11px"> </div>from a<div style="display:inline-block;width:5.95px"> </div>breach<div style="display:inline-block;width:5.01px"> </div>of a<div style="display:inline-block;width:5.83px"> </div>non-vesting condition<div style="display:inline-block;width:6.33px"> </div>(i.e., one<div style="display:inline-block;width:5.55px"> </div>that does<div style="display:inline-block;width:5.66px"> </div>not </div><div id="a87050" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:290.8px;">relate to a service or performance condition)<div style="display:inline-block;width:5.48px"> </div>do not result in any<div style="display:inline-block;width:5.03px"> </div>adjustment to the share-based compensation<div style="display:inline-block;width:5.32px"> </div>expense. </div><div id="a87054" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:313.5px;">For<div style="display:inline-block;width:5.05px"> </div>cash-settled<div style="display:inline-block;width:5.39px"> </div>share-based<div style="display:inline-block;width:5.87px"> </div>awards,<div style="display:inline-block;width:5.79px"> </div>fair value<div style="display:inline-block;width:6.21px"> </div>is<div style="display:inline-block;width:5.21px"> </div>remeasured<div style="display:inline-block;width:5.71px"> </div>at<div style="display:inline-block;width:5.05px"> </div>each<div style="display:inline-block;width:5.2px"> </div>reporting<div style="display:inline-block;width:5.21px"> </div>date,<div style="display:inline-block;width:5.44px"> </div>so<div style="display:inline-block;width:5.46px"> </div>that<div style="display:inline-block;width:5.1px"> </div>the<div style="display:inline-block;width:5.25px"> </div>cumulative expense </div><div id="a87069" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:328.7px;">recognized equals the cash distributed.<div style="display:inline-block;width:5.46px"> </div></div><div id="a87073" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:351.4px;">Other deferred compensation plans </div><div id="a87079" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:366.5px;">Compensation<div style="display:inline-block;width:6.48px"> </div>expense<div style="display:inline-block;width:5.93px"> </div>for<div style="display:inline-block;width:5.57px"> </div>other<div style="display:inline-block;width:5.77px"> </div>deferred<div style="display:inline-block;width:5.86px"> </div>compensation<div style="display:inline-block;width:6.59px"> </div>plans<div style="display:inline-block;width:6.02px"> </div>is<div style="display:inline-block;width:5.62px"> </div>recognized<div style="display:inline-block;width:6.06px"> </div>on<div style="display:inline-block;width:6.08px"> </div>a<div style="display:inline-block;width:5.2px"> </div>per-tranche<div style="display:inline-block;width:6.26px"> </div>or<div style="display:inline-block;width:5.72px"> </div>straight-line<div style="display:inline-block;width:5.94px"> </div>basis, </div><div id="a87084" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:382.1px;">depending<div style="display:inline-block;width:5.37px"> </div>on<div style="display:inline-block;width:4.72px"> </div>the nature<div style="display:inline-block;width:5.69px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>plan. The<div style="display:inline-block;width:5.91px"> </div>amount recognized<div style="display:inline-block;width:5.99px"> </div>is measured<div style="display:inline-block;width:6.29px"> </div>based on<div style="display:inline-block;width:5.69px"> </div>the present<div style="display:inline-block;width:6.21px"> </div>value of<div style="display:inline-block;width:5.72px"> </div>the amount </div><div id="a87089" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:397.2px;">expected to be paid under the plan and is remeasured at<div style="display:inline-block;width:1.97px"> </div>each reporting date, so that the cumulative expense recognized </div><div id="a87090" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:412.9px;">equals the cash or the fair value of<div style="display:inline-block;width:5.19px"> </div>respective financial instruments distributed.</div></div> <div id="TextBlockContainer213" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:175px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a87140" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">5)<div style="display:inline-block;width:3.83px"> </div>Post-employment benefit plans </div><div id="a87147" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:23px;">Defined benefit plans </div><div id="a87149" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.7px;">Defined benefit plans specify an amount of benefit that an employee will receive, which usually depends on one or more </div><div id="a87155" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">factors,<div style="display:inline-block;width:3.98px"> </div>such as<div style="display:inline-block;width:5.13px"> </div>age, years<div style="display:inline-block;width:5.31px"> </div>of service and<div style="display:inline-block;width:5.72px"> </div>compensation.<div style="display:inline-block;width:5.28px"> </div>The defined<div style="display:inline-block;width:5.38px"> </div>benefit liability<div style="display:inline-block;width:5.1px"> </div>recognized in<div style="display:inline-block;width:5.32px"> </div>the balance sheet<div style="display:inline-block;width:5.66px"> </div>is </div><div id="a87159" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:69.4px;">the present value of the<div style="display:inline-block;width:5.1px"> </div>defined<div style="display:inline-block;width:4.23px"> </div>benefit obligation,<div style="display:inline-block;width:5.09px"> </div>measured using the projected<div style="display:inline-block;width:5.79px"> </div>unit credit method,<div style="display:inline-block;width:5.48px"> </div>less the fair value </div><div id="a87164" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:84.5px;">of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>plan’s<div style="display:inline-block;width:5.24px"> </div>assets<div style="display:inline-block;width:5.2px"> </div>at<div style="display:inline-block;width:5.05px"> </div>the balance<div style="display:inline-block;width:6.4px"> </div>sheet<div style="display:inline-block;width:5.3px"> </div>date,<div style="display:inline-block;width:4.99px"> </div>with<div style="display:inline-block;width:5.25px"> </div>changes<div style="display:inline-block;width:5.18px"> </div>resulting<div style="display:inline-block;width:5.58px"> </div>from<div style="display:inline-block;width:5.18px"> </div>remeasurements<div style="display:inline-block;width:5.89px"> </div>recorded<div style="display:inline-block;width:5.78px"> </div>immediately<div style="display:inline-block;width:5.37px"> </div>in </div><div id="a87171" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:99.4px;">Other comprehensive income</div><div id="a87172" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:170.992px;top:99.7px;">. If the fair value of the plan’s<div style="display:inline-block;width:5.04px"> </div>assets is higher than the present value of the defined<div style="display:inline-block;width:5.09px"> </div>benefit </div><div id="a87177" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:115.3px;">obligation, the recognition<div style="display:inline-block;width:5.22px"> </div>of the resulting net asset<div style="display:inline-block;width:5.14px"> </div>is limited to the present<div style="display:inline-block;width:5.63px"> </div>value of economic benefits available<div style="display:inline-block;width:5.24px"> </div>in the </div><div id="a87178" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:130.4px;">form of<div style="display:inline-block;width:5.1px"> </div>refunds from<div style="display:inline-block;width:5.88px"> </div>the plan<div style="display:inline-block;width:5.18px"> </div>or reductions<div style="display:inline-block;width:6px"> </div>in future<div style="display:inline-block;width:5.59px"> </div>contributions<div style="display:inline-block;width:5.19px"> </div>to the plan.<div style="display:inline-block;width:5.97px"> </div>Calculation o<div style="display:inline-block;width:1.37px"> </div>f<div style="display:inline-block;width:4.1px"> </div>the net<div style="display:inline-block;width:5.43px"> </div>defined benefit </div><div id="a87188" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:146px;">obligation or<div style="display:inline-block;width:5.49px"> </div>asset takes<div style="display:inline-block;width:5.62px"> </div>into account<div style="display:inline-block;width:5.56px"> </div>the specific<div style="display:inline-block;width:5.79px"> </div>features of<div style="display:inline-block;width:5.39px"> </div>each plan,<div style="display:inline-block;width:5.71px"> </div>including risk<div style="display:inline-block;width:5.59px"> </div>sharing between<div style="display:inline-block;width:5.59px"> </div>employee and </div><div id="a87194" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:161.2px;">employer, and<div style="display:inline-block;width:5.44px"> </div>is calculated periodically by independent<div style="display:inline-block;width:5.82px"> </div>qualified actuaries.</div></div><div id="TextBlockContainer215" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:219px;height:10px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a87200" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Critical accounting estimates and judgments</div></div><div id="TextBlockContainer217" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:674px;height:64px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a87202" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:0px;">The net defined benefit liability or asset at the balance sheet date and the related personnel expense depend on the expected future benefits to be provided, </div><div id="a87204" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:13.2px;">determined<div style="display:inline-block;width:5.35px"> </div>using<div style="display:inline-block;width:4.32px"> </div>a<div style="display:inline-block;width:4.97px"> </div>number<div style="display:inline-block;width:4.72px"> </div>of<div style="display:inline-block;width:4.41px"> </div>economic<div style="display:inline-block;width:4.57px"> </div>and<div style="display:inline-block;width:4.8px"> </div>demographic<div style="display:inline-block;width:4.79px"> </div>assumptions.<div style="display:inline-block;width:5.33px"> </div>A<div style="display:inline-block;width:4.73px"> </div>range<div style="display:inline-block;width:4.56px"> </div>of<div style="display:inline-block;width:4.41px"> </div>assumptions<div style="display:inline-block;width:4.78px"> </div>could<div style="display:inline-block;width:4.72px"> </div>be<div style="display:inline-block;width:4.17px"> </div>applied,<div style="display:inline-block;width:5.11px"> </div>and<div style="display:inline-block;width:4.8px"> </div>different<div style="display:inline-block;width:5.09px"> </div>assumptions<div style="display:inline-block;width:5.16px"> </div>could </div><div id="a87206" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:27px;">significantly alter<div style="display:inline-block;width:5px"> </div>the defined benefit<div style="display:inline-block;width:4.94px"> </div>liability or<div style="display:inline-block;width:4.1px"> </div>asset and<div style="display:inline-block;width:4.24px"> </div>pension expense<div style="display:inline-block;width:4.14px"> </div>recognized. The<div style="display:inline-block;width:4.74px"> </div>most significant<div style="display:inline-block;width:4.17px"> </div>assumptions include<div style="display:inline-block;width:4.3px"> </div>life expectancy,<div style="display:inline-block;width:5.19px"> </div>discount </div><div id="a87209" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:40.2px;">rate,<div style="display:inline-block;width:4.34px"> </div>expected salary<div style="display:inline-block;width:4.97px"> </div>increases,<div style="display:inline-block;width:4.28px"> </div>pension<div style="display:inline-block;width:4.23px"> </div>increases<div style="display:inline-block;width:4.2px"> </div>and interest<div style="display:inline-block;width:5.45px"> </div>credits on<div style="display:inline-block;width:5.16px"> </div>retirement<div style="display:inline-block;width:4.47px"> </div>savings account<div style="display:inline-block;width:5.11px"> </div>balances. Sensitivity<div style="display:inline-block;width:5.72px"> </div>analysis for<div style="display:inline-block;width:5.12px"> </div>reasonable possible </div><div id="a87216" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:53.5px;">movements in each significant assumption<div style="display:inline-block;width:4.61px"> </div>for UBS‘s post-employment obligations is<div style="display:inline-block;width:4.12px"> </div>provided in Note 26.</div></div><div id="TextBlockContainer219" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:105px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a87231" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Defined contribution plans </div><div id="a87233" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">A<div style="display:inline-block;width:5.83px"> </div>defined<div style="display:inline-block;width:6.06px"> </div>contribution<div style="display:inline-block;width:6.02px"> </div>plan<div style="display:inline-block;width:5.98px"> </div>pays<div style="display:inline-block;width:5.72px"> </div>fixed<div style="display:inline-block;width:5.42px"> </div>contributions<div style="display:inline-block;width:6.54px"> </div>into<div style="display:inline-block;width:5.82px"> </div>a<div style="display:inline-block;width:5.67px"> </div>separate<div style="display:inline-block;width:5.62px"> </div>entity<div style="display:inline-block;width:5.74px"> </div>from<div style="display:inline-block;width:6.6px"> </div>which<div style="display:inline-block;width:5.88px"> </div>post-employment<div style="display:inline-block;width:6.45px"> </div>and<div style="display:inline-block;width:6.08px"> </div>other </div><div id="a87237" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.3px;">benefits are paid. UBS has<div style="display:inline-block;width:5.34px"> </div>no legal or constructive obligation to pay further<div style="display:inline-block;width:5.08px"> </div>amounts if the plan<div style="display:inline-block;width:5.03px"> </div>does not hold sufficient </div><div id="a87241" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">assets to pay employees<div style="display:inline-block;width:2.34px"> </div>the benefits relating to employee<div style="display:inline-block;width:2.05px"> </div>service in the current<div style="display:inline-block;width:2.19px"> </div>and prior periods. Compensation expense </div><div id="a87245" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61px;">is recognized<div style="display:inline-block;width:5.23px"> </div>when the<div style="display:inline-block;width:5.39px"> </div>employees have rendered<div style="display:inline-block;width:6.18px"> </div>services in exchange<div style="display:inline-block;width:5.62px"> </div>for contributions.<div style="display:inline-block;width:5.7px"> </div>This is generally in<div style="display:inline-block;width:5.54px"> </div>the year of </div><div id="a87247" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.2px;">contribution. Prepaid<div style="display:inline-block;width:5.67px"> </div>contributions are<div style="display:inline-block;width:5.44px"> </div>recognized<div style="display:inline-block;width:5.12px"> </div>as an<div style="display:inline-block;width:5.08px"> </div>asset to the<div style="display:inline-block;width:5.45px"> </div>extent that a<div style="display:inline-block;width:5.47px"> </div>cash refund<div style="display:inline-block;width:5.89px"> </div>or a reduction<div style="display:inline-block;width:5.89px"> </div>in future </div><div id="a87249" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:91.8px;">payments is available.</div></div> <div id="TextBlockContainer221" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:480px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a87251" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">6)<div style="display:inline-block;width:3.83px"> </div>Income taxes </div><div id="a87257" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23.5px;">UBS is subject to the income<div style="display:inline-block;width:5.11px"> </div>tax laws of Switzerland<div style="display:inline-block;width:5.52px"> </div>and those of the non<div style="display:inline-block;width:2.07px"> </div>-Swiss jurisdictions in which UBS has<div style="display:inline-block;width:5.15px"> </div>business </div><div id="a87260" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.6px;">operations. </div><div id="a87262" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61.4px;">The Group’s provision for income taxes is composed<div style="display:inline-block;width:5.02px"> </div>of current and deferred taxes. Current income taxes represent taxes </div><div id="a87264" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.5px;">to be paid or refunded<div style="display:inline-block;width:5.07px"> </div>for the current period or previous<div style="display:inline-block;width:5.22px"> </div>periods.<div style="display:inline-block;width:3.88px"> </div></div><div id="a87269" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.7px;">Deferred tax<div style="display:inline-block;width:2.28px"> </div>assets (DTAs) and<div style="display:inline-block;width:2.13px"> </div>deferred tax liabilities<div style="display:inline-block;width:1.94px"> </div>(DTLs) are recognized for<div style="display:inline-block;width:1.9px"> </div>temporary differences between<div style="display:inline-block;width:2.21px"> </div>the carrying </div><div id="a87277" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:114.8px;">amounts<div style="display:inline-block;width:5.08px"> </div>and<div style="display:inline-block;width:5.13px"> </div>tax bases<div style="display:inline-block;width:5.72px"> </div>of<div style="display:inline-block;width:5.25px"> </div>assets<div style="display:inline-block;width:5.2px"> </div>and<div style="display:inline-block;width:5.13px"> </div>liabilities<div style="display:inline-block;width:5.15px"> </div>that will<div style="display:inline-block;width:5.94px"> </div>result<div style="display:inline-block;width:5.51px"> </div>in deductible<div style="display:inline-block;width:6.63px"> </div>or<div style="display:inline-block;width:5.25px"> </div>taxable amounts<div style="display:inline-block;width:1.71px"> </div>,<div style="display:inline-block;width:4.83px"> </div>respectively<div style="display:inline-block;width:5.04px"> </div>in<div style="display:inline-block;width:5.34px"> </div>future </div><div id="a87288" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:130px;">periods.<div style="display:inline-block;width:4.32px"> </div>DTAs may also arise from<div style="display:inline-block;width:5.02px"> </div>other sources, including<div style="display:inline-block;width:5.55px"> </div>unused tax losses and<div style="display:inline-block;width:5.5px"> </div>unused tax credits. DTAs and<div style="display:inline-block;width:5.5px"> </div>DTLs are </div><div id="a87297" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:145.6px;">measured<div style="display:inline-block;width:5.12px"> </div>using<div style="display:inline-block;width:5.28px"> </div>the applicable<div style="display:inline-block;width:5.92px"> </div>tax<div style="display:inline-block;width:5.32px"> </div>rates and<div style="display:inline-block;width:5.93px"> </div>laws<div style="display:inline-block;width:5.25px"> </div>that have<div style="display:inline-block;width:6.34px"> </div>been<div style="display:inline-block;width:5.13px"> </div>enacted or<div style="display:inline-block;width:6.35px"> </div>substantively enacted<div style="display:inline-block;width:6.56px"> </div>by<div style="display:inline-block;width:5.2px"> </div>the end<div style="display:inline-block;width:6.23px"> </div>of the </div><div id="a87299" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.7px;">reporting period and<div style="display:inline-block;width:5.29px"> </div>that will be in effect when such differences<div style="display:inline-block;width:5.04px"> </div>are expected to reverse. </div><div id="a87305" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183.4px;">DTAs are<div style="display:inline-block;width:5.26px"> </div>recognized only to<div style="display:inline-block;width:5.47px"> </div>the extent it is<div style="display:inline-block;width:5.42px"> </div>probable<div style="display:inline-block;width:5.05px"> </div>that sufficient taxable profits<div style="display:inline-block;width:5.58px"> </div>will be<div style="display:inline-block;width:5.3px"> </div>available against which<div style="display:inline-block;width:5.5px"> </div>these </div><div id="a87308" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:198.5px;">differences can<div style="display:inline-block;width:5.94px"> </div>be used<div style="display:inline-block;width:1.8px"> </div>.<div style="display:inline-block;width:5.31px"> </div>When an<div style="display:inline-block;width:6.18px"> </div>entity or<div style="display:inline-block;width:6.36px"> </div>tax group<div style="display:inline-block;width:6.79px"> </div>has a<div style="display:inline-block;width:6.03px"> </div>history of<div style="display:inline-block;width:5.67px"> </div>recent<div style="display:inline-block;width:5.13px"> </div>losses,<div style="display:inline-block;width:5.77px"> </div>DTAs<div style="display:inline-block;width:5.03px"> </div>are only<div style="display:inline-block;width:5.96px"> </div>recognized<div style="display:inline-block;width:5.59px"> </div>to the </div><div id="a87314" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:214.2px;">extent there are sufficient<div style="display:inline-block;width:2px"> </div>taxable temporary differences or there is<div style="display:inline-block;width:2.04px"> </div>convincing other evidence<div style="display:inline-block;width:2.29px"> </div>that sufficient taxable profit </div><div id="a87319" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:229.3px;">will be available against which the<div style="display:inline-block;width:5.04px"> </div>unused tax losses can be<div style="display:inline-block;width:5.15px"> </div>utilized. </div><div id="a87323" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:252.5px;">Deferred and current tax assets<div style="display:inline-block;width:2px"> </div>and liabilities are offset when:<div style="display:inline-block;width:3.13px"> </div>(i) they arise in the<div style="display:inline-block;width:2.24px"> </div>same tax reporting group;<div style="display:inline-block;width:2.88px"> </div>(ii) they relate </div><div id="a87333" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:267.6px;">to the same<div style="display:inline-block;width:5.4px"> </div>tax authority;<div style="display:inline-block;width:5.47px"> </div>(iii) the legal<div style="display:inline-block;width:5.82px"> </div>right to offset<div style="display:inline-block;width:5.48px"> </div>exists;<div style="display:inline-block;width:5.07px"> </div>and (iv) with<div style="display:inline-block;width:5.33px"> </div>respect to<div style="display:inline-block;width:5.34px"> </div>current taxes<div style="display:inline-block;width:5.07px"> </div>they are<div style="display:inline-block;width:5.24px"> </div>intended to </div><div id="a87346" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:282.8px;">be settled net or realized simultaneously. </div><div id="a87348" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:305.5px;">Current and deferred taxes are recognized<div style="display:inline-block;width:5.52px"> </div>as income tax benefit or expense in the income statement, except<div style="display:inline-block;width:5.18px"> </div>for current </div><div id="a87350" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:320.6px;">and deferred taxes recognized in relation<div style="display:inline-block;width:5.67px"> </div>to: (i) the acquisition of a subsidiary<div style="display:inline-block;width:5.25px"> </div>(for which such amounts<div style="display:inline-block;width:5.37px"> </div>would affect the </div><div id="a87353" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:336.2px;">amount<div style="display:inline-block;width:5.03px"> </div>of goodwill<div style="display:inline-block;width:5.96px"> </div>arising from<div style="display:inline-block;width:5.85px"> </div>the acquisition);<div style="display:inline-block;width:6.38px"> </div>(ii) gains<div style="display:inline-block;width:5.22px"> </div>and losses<div style="display:inline-block;width:5.48px"> </div>on<div style="display:inline-block;width:5.13px"> </div>the sale<div style="display:inline-block;width:5.3px"> </div>of treasury<div style="display:inline-block;width:5.66px"> </div>shares<div style="display:inline-block;width:5.12px"> </div>(for which<div style="display:inline-block;width:5.98px"> </div>the tax </div><div id="a87357" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:351.3px;">effects<div style="display:inline-block;width:5.3px"> </div>are<div style="display:inline-block;width:5.76px"> </div>recognized<div style="display:inline-block;width:6.06px"> </div>directly<div style="display:inline-block;width:5.67px"> </div>in </div><div id="a87358" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:200.338px;top:351.1px;">Equity</div><div id="a87359" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:234.858px;top:351.3px;">);<div style="display:inline-block;width:5.88px"> </div>(iii) unrealized<div style="display:inline-block;width:6px"> </div>gains<div style="display:inline-block;width:5.55px"> </div>or<div style="display:inline-block;width:5.72px"> </div>losses<div style="display:inline-block;width:5.45px"> </div>on<div style="display:inline-block;width:5.61px"> </div>financial<div style="display:inline-block;width:5.88px"> </div>instruments<div style="display:inline-block;width:5.66px"> </div>that<div style="display:inline-block;width:5.57px"> </div>are<div style="display:inline-block;width:5.76px"> </div>classified<div style="display:inline-block;width:5.78px"> </div>at </div><div id="a87362" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:367px;">FVOCI; (iv) changes in fair value of<div style="display:inline-block;width:2.34px"> </div>derivative instruments designated as cash flow hedges; (v) remeasurements of defined </div><div id="a87368" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:382.1px;">benefit plans;<div style="display:inline-block;width:5.28px"> </div>or (vi) certain<div style="display:inline-block;width:5.02px"> </div>foreign currency<div style="display:inline-block;width:5.47px"> </div>translations of<div style="display:inline-block;width:5.39px"> </div>foreign operations.<div style="display:inline-block;width:5.82px"> </div>Amounts relating<div style="display:inline-block;width:5.46px"> </div>to points<div style="display:inline-block;width:5.28px"> </div>(iii) through </div><div id="a87371" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:397.3px;">(vi) above are recognized in </div><div id="a87372" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:163.898px;top:397px;">Other comprehensive income</div><div id="a87373" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:329.978px;top:397.3px;"><div style="display:inline-block;width:3.79px"> </div>within </div><div id="a87375" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:373.525px;top:397px;">Equity</div><div id="a87377" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:408.072px;top:397.3px;">. </div><div id="a87379" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:420.4px;">UBS<div style="display:inline-block;width:6.03px"> </div>reflects<div style="display:inline-block;width:5.2px"> </div>the<div style="display:inline-block;width:5.72px"> </div>potential<div style="display:inline-block;width:5.77px"> </div>effect<div style="display:inline-block;width:5.25px"> </div>of<div style="display:inline-block;width:5.72px"> </div>uncertain<div style="display:inline-block;width:5.67px"> </div>tax<div style="display:inline-block;width:5.32px"> </div>positions<div style="display:inline-block;width:6.22px"> </div>for<div style="display:inline-block;width:5.57px"> </div>which<div style="display:inline-block;width:5.4px"> </div>acceptance<div style="display:inline-block;width:5.32px"> </div>by<div style="display:inline-block;width:5.67px"> </div>the<div style="display:inline-block;width:5.72px"> </div>relevant<div style="display:inline-block;width:5.5px"> </div>tax<div style="display:inline-block;width:5.32px"> </div>authority<div style="display:inline-block;width:5.52px"> </div>is<div style="display:inline-block;width:5.62px"> </div>not </div><div id="a87380" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:435.6px;">considered probable by adjusting current or deferred<div style="display:inline-block;width:2.29px"> </div>taxes, as applicable,<div style="display:inline-block;width:2.14px"> </div>using either the most likely<div style="display:inline-block;width:1.66px"> </div>amount or expected </div><div id="a87381" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:450.7px;">value methods,<div style="display:inline-block;width:5.69px"> </div>depending on<div style="display:inline-block;width:5.4px"> </div>which method<div style="display:inline-block;width:5.34px"> </div>is deemed<div style="display:inline-block;width:5.03px"> </div>a better predictor<div style="display:inline-block;width:5.23px"> </div>of the<div style="display:inline-block;width:5.4px"> </div>basis on<div style="display:inline-block;width:5.43px"> </div>which, and<div style="display:inline-block;width:5.54px"> </div>extent to which, </div><div id="a87383" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:466.3px;">the uncertainty will be resolved.</div></div><div id="TextBlockContainer224" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:219px;height:10px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a87422" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Critical accounting estimates and<div style="display:inline-block;width:4.1px"> </div>judgments</div></div><div id="TextBlockContainer226" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:674px;height:117px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a87425" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:0px;">Tax<div style="display:inline-block;width:4.26px"> </div>laws are complex, and<div style="display:inline-block;width:4.66px"> </div>judgment and interpretations<div style="display:inline-block;width:4.16px"> </div>about the application of<div style="display:inline-block;width:4.3px"> </div>such laws are required<div style="display:inline-block;width:4.93px"> </div>when accounting for income<div style="display:inline-block;width:5.13px"> </div>taxes. UBS considers </div><div id="a87427" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:13.3px;">the<div style="display:inline-block;width:4.17px"> </div>performance<div style="display:inline-block;width:4.1px"> </div>of its<div style="display:inline-block;width:4.57px"> </div>businesses and<div style="display:inline-block;width:4.69px"> </div>the accuracy<div style="display:inline-block;width:4.75px"> </div>of historical<div style="display:inline-block;width:4.8px"> </div>forecasts and<div style="display:inline-block;width:4.9px"> </div>other factors<div style="display:inline-block;width:5.3px"> </div>when evaluating<div style="display:inline-block;width:5.1px"> </div>the recoverability<div style="display:inline-block;width:5px"> </div>of its<div style="display:inline-block;width:4.66px"> </div>DTAs,<div style="display:inline-block;width:4.24px"> </div>including<div style="display:inline-block;width:4.39px"> </div>the </div><div id="a87434" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:26.5px;">remaining tax<div style="display:inline-block;width:4.67px"> </div>loss carry-forward<div style="display:inline-block;width:4.11px"> </div>period, and its assessment<div style="display:inline-block;width:4.93px"> </div>of expected<div style="display:inline-block;width:4.26px"> </div>future taxable profits<div style="display:inline-block;width:4.69px"> </div>in the forecast<div style="display:inline-block;width:4.28px"> </div>period used<div style="display:inline-block;width:4.23px"> </div>for recognizing<div style="display:inline-block;width:4.58px"> </div>DTAs. Estimating </div><div id="a87439" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:40.2px;">future profitability and<div style="display:inline-block;width:4.21px"> </div>business plan forecasts is inherently<div style="display:inline-block;width:4.42px"> </div>subjective and is particularly sensitive to future<div style="display:inline-block;width:4.27px"> </div>economic, market and other conditions.<div style="display:inline-block;width:3.57px"> </div></div><div id="a87442" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:53.5px;">Forecasts are<div style="display:inline-block;width:4.86px"> </div>reviewed<div style="display:inline-block;width:4.2px"> </div>annually,<div style="display:inline-block;width:4.45px"> </div>but adjustments<div style="display:inline-block;width:4.86px"> </div>may be<div style="display:inline-block;width:4.1px"> </div>made at<div style="display:inline-block;width:4.49px"> </div>other times,<div style="display:inline-block;width:4.57px"> </div>if required.<div style="display:inline-block;width:4.83px"> </div>If recent<div style="display:inline-block;width:4.68px"> </div>losses have<div style="display:inline-block;width:4.16px"> </div>been incurred,<div style="display:inline-block;width:5.13px"> </div>convincing evidence<div style="display:inline-block;width:4.88px"> </div>is </div><div id="a87445" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:66.7px;">required<div style="display:inline-block;width:4.29px"> </div>to prove<div style="display:inline-block;width:4.59px"> </div>there is<div style="display:inline-block;width:4.28px"> </div>sufficient future<div style="display:inline-block;width:4.46px"> </div>profitability given<div style="display:inline-block;width:4.98px"> </div>that the<div style="display:inline-block;width:4.21px"> </div>value of<div style="display:inline-block;width:4.17px"> </div>UBS’s DTAs<div style="display:inline-block;width:5.14px"> </div>may be<div style="display:inline-block;width:4.1px"> </div>affected, with effects<div style="display:inline-block;width:5.03px"> </div>primarily recognized<div style="display:inline-block;width:4.99px"> </div>through the </div><div id="a87450" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:80px;">income statement. </div><div id="a87452" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:93.2px;">In addition, judgment<div style="display:inline-block;width:3.46px"> </div>is required to assess the expected value of uncertain tax positions and the related probabilities, including interpretation<div style="display:inline-block;width:4.56px"> </div>of tax laws, </div><div id="a87456" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:106.9px;">the resolution of any income tax-related<div style="display:inline-block;width:4.61px"> </div>appeals and litigation.</div></div> <div id="TextBlockContainer229" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:182px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a87464" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">7)<div style="display:inline-block;width:3.83px"> </div>Property, equipment and software </div><div id="a87468" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:23.3px;">Property,<div style="display:inline-block;width:5.79px"> </div>equipment and<div style="display:inline-block;width:5.64px"> </div>software</div><div id="a87469" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:201.765px;top:23.5px;"><div style="display:inline-block;width:4.25px"> </div>is measured<div style="display:inline-block;width:5.67px"> </div>at<div style="display:inline-block;width:5.05px"> </div>cost less<div style="display:inline-block;width:5.2px"> </div>accumulated dep<div style="display:inline-block;width:1.82px"> </div>reciation<div style="display:inline-block;width:5.13px"> </div>and impairment<div style="display:inline-block;width:5.29px"> </div>losses. Software </div><div id="a87477" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.7px;">development costs are capitalized<div style="display:inline-block;width:5.27px"> </div>only when the costs<div style="display:inline-block;width:5.17px"> </div>can be measured reliably<div style="display:inline-block;width:5.4px"> </div>and it is probable that<div style="display:inline-block;width:5.45px"> </div>future economic </div><div id="a87479" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">benefits<div style="display:inline-block;width:5.72px"> </div>will<div style="display:inline-block;width:5.47px"> </div>arise.<div style="display:inline-block;width:5.57px"> </div>Depreciation<div style="display:inline-block;width:6.43px"> </div>of<div style="display:inline-block;width:5.72px"> </div>property,<div style="display:inline-block;width:7.18px"> </div>equipment<div style="display:inline-block;width:6.07px"> </div>and<div style="display:inline-block;width:6.08px"> </div>software<div style="display:inline-block;width:5.34px"> </div>begins<div style="display:inline-block;width:6.23px"> </div>when<div style="display:inline-block;width:6px"> </div>they<div style="display:inline-block;width:5.52px"> </div>are<div style="display:inline-block;width:5.78px"> </div>available<div style="display:inline-block;width:5.36px"> </div>for<div style="display:inline-block;width:5.57px"> </div>use<div style="display:inline-block;width:6px"> </div>and<div style="display:inline-block;width:6.08px"> </div>is </div><div id="a87485" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:69.4px;">calculated on a straight line basis over an<div style="display:inline-block;width:5.15px"> </div>asset’s estimated useful life.<div style="display:inline-block;width:5.49px"> </div></div><div id="a87488" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:92.1px;">Property,<div style="display:inline-block;width:6.03px"> </div>equipment<div style="display:inline-block;width:6.07px"> </div>and<div style="display:inline-block;width:5.61px"> </div>software<div style="display:inline-block;width:5.81px"> </div>are<div style="display:inline-block;width:5.29px"> </div>generally<div style="display:inline-block;width:5.52px"> </div>tested<div style="display:inline-block;width:5.81px"> </div>for<div style="display:inline-block;width:5.57px"> </div>impairment<div style="display:inline-block;width:5.73px"> </div>at<div style="display:inline-block;width:5.52px"> </div>the<div style="display:inline-block;width:5.72px"> </div>appropriate<div style="display:inline-block;width:5.69px"> </div>cash-generating<div style="display:inline-block;width:6.12px"> </div>unit<div style="display:inline-block;width:5.82px"> </div>level, </div><div id="a87493" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.3px;">alongside goodwill and intangible assets as described in item 8 in this<div style="display:inline-block;width:2.2px"> </div>Note. An impairment charge is recognized for such </div><div id="a87501" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:122.9px;">assets<div style="display:inline-block;width:5.67px"> </div>if<div style="display:inline-block;width:5.92px"> </div>the<div style="display:inline-block;width:5.72px"> </div>recoverable<div style="display:inline-block;width:5.98px"> </div>amount<div style="display:inline-block;width:5.98px"> </div>is<div style="display:inline-block;width:5.71px"> </div>below<div style="display:inline-block;width:6.08px"> </div>its<div style="display:inline-block;width:5.94px"> </div>carrying<div style="display:inline-block;width:5.74px"> </div>amount.<div style="display:inline-block;width:6.08px"> </div>The<div style="display:inline-block;width:6.01px"> </div>recoverable<div style="display:inline-block;width:5.98px"> </div>amounts<div style="display:inline-block;width:6.56px"> </div>of<div style="display:inline-block;width:5.72px"> </div>such<div style="display:inline-block;width:5.93px"> </div>assets,<div style="display:inline-block;width:5.77px"> </div>other<div style="display:inline-block;width:5.77px"> </div>than </div><div id="a87509" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:138px;">property that has<div style="display:inline-block;width:5.8px"> </div>a market price, are<div style="display:inline-block;width:5.46px"> </div>generally determined<div style="display:inline-block;width:5.19px"> </div>using a<div style="display:inline-block;width:5.38px"> </div>replacement cost approach<div style="display:inline-block;width:5.4px"> </div>that reflects the amount </div><div id="a87512" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:153.1px;">that would be currently required by a market participant to replace the service capacity<div style="display:inline-block;width:5.21px"> </div>of the asset. If such assets are no </div><div id="a87515" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:168.8px;">longer used, they are tested individually for impairment.</div></div> <div id="TextBlockContainer231" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:121px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a87527" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">8) Goodwill </div><div id="a87530" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23.5px;">Goodwill<div style="display:inline-block;width:5.5px"> </div>represents<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.35px"> </div>excess of<div style="display:inline-block;width:6.94px"> </div>the<div style="display:inline-block;width:5.25px"> </div>consideration over<div style="display:inline-block;width:5.97px"> </div>the<div style="display:inline-block;width:5.25px"> </div>fair<div style="display:inline-block;width:5.26px"> </div>value<div style="display:inline-block;width:5.1px"> </div>of<div style="display:inline-block;width:5.72px"> </div>identifiable assets,<div style="display:inline-block;width:5.29px"> </div>liabilities and<div style="display:inline-block;width:6.13px"> </div>contingent </div><div id="a87533" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.7px;">liabilities acquired that arises in a<div style="display:inline-block;width:5.04px"> </div>business combination.<div style="display:inline-block;width:3.61px"> </div>Goodwill is not amortized, but is assessed for<div style="display:inline-block;width:5.37px"> </div>impairment at the </div><div id="a87541" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:54.3px;">end<div style="display:inline-block;width:6.55px"> </div>of<div style="display:inline-block;width:6.67px"> </div>each<div style="display:inline-block;width:6.15px"> </div>reporting<div style="display:inline-block;width:5.69px"> </div>period,<div style="display:inline-block;width:6.26px"> </div>or<div style="display:inline-block;width:6.67px"> </div>when<div style="display:inline-block;width:6.18px"> </div>indicators<div style="display:inline-block;width:5.61px"> </div>of<div style="display:inline-block;width:6.67px"> </div>impairment<div style="display:inline-block;width:5.73px"> </div>exist.<div style="display:inline-block;width:5.96px"> </div>UBS<div style="display:inline-block;width:6.5px"> </div>tests<div style="display:inline-block;width:5.94px"> </div>goodwill<div style="display:inline-block;width:6.28px"> </div>for<div style="display:inline-block;width:6.52px"> </div>impairment<div style="display:inline-block;width:5.73px"> </div>annually, </div><div id="a87549" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:69.4px;">irrespective of whether<div style="display:inline-block;width:2.24px"> </div>there is any indication<div style="display:inline-block;width:1.48px"> </div>of impairment.<div style="display:inline-block;width:1.95px"> </div></div><div id="a87552" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:92.1px;">An impairment charge is recognized in the income<div style="display:inline-block;width:2.21px"> </div>statement if the carrying<div style="display:inline-block;width:2.27px"> </div>amount exceeds the recoverable amount<div style="display:inline-block;width:1.84px"> </div>of a </div><div id="a87556" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.3px;">cash-generating<div style="display:inline-block;width:2.22px"> </div>unit.</div></div><div id="TextBlockContainer233" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:219px;height:10px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a87562" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Critical accounting estimates and judgments</div></div><div id="TextBlockContainer235" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:674px;height:90px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a87565" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:0px;">UBS‘s methodology<div style="display:inline-block;width:4.69px"> </div>for goodwill<div style="display:inline-block;width:4.94px"> </div>impairment testing<div style="display:inline-block;width:4.64px"> </div>is based<div style="display:inline-block;width:4.16px"> </div>on a<div style="display:inline-block;width:4.4px"> </div>model that<div style="display:inline-block;width:4.25px"> </div>is most<div style="display:inline-block;width:4.25px"> </div>sensitive to<div style="display:inline-block;width:4.65px"> </div>the following<div style="display:inline-block;width:4.23px"> </div>key assumptions<div style="display:inline-block;width:2.22px"> </div>:<div style="display:inline-block;width:3.39px"> </div>(i) forecasts of<div style="display:inline-block;width:4.43px"> </div>earnings </div><div id="a87569" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:13.3px;">available to shareholders<div style="display:inline-block;width:4.17px"> </div>in years one to three; (ii) changes in<div style="display:inline-block;width:4.29px"> </div>the discount rates; and (iii) changes in<div style="display:inline-block;width:4.18px"> </div>the long-term growth rate.<div style="display:inline-block;width:3.33px"> </div></div><div id="a87578" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:26.5px;">Earnings available to shareholders<div style="display:inline-block;width:4.61px"> </div>are estimated on<div style="display:inline-block;width:4.19px"> </div>the basis of forecast<div style="display:inline-block;width:4.11px"> </div>results, which are part<div style="display:inline-block;width:4.45px"> </div>of the business plan approved<div style="display:inline-block;width:4.53px"> </div>by the BoD. The discount </div><div id="a87582" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:39.8px;">rates<div style="display:inline-block;width:4.18px"> </div>and growth<div style="display:inline-block;width:5.36px"> </div>rates are<div style="display:inline-block;width:4.91px"> </div>determined using<div style="display:inline-block;width:5.02px"> </div>external information,<div style="display:inline-block;width:5.29px"> </div>and also<div style="display:inline-block;width:4.9px"> </div>considering inputs<div style="display:inline-block;width:5px"> </div>from both<div style="display:inline-block;width:4.9px"> </div>internal and<div style="display:inline-block;width:4.85px"> </div>external analysts<div style="display:inline-block;width:5.03px"> </div>and the<div style="display:inline-block;width:4.79px"> </div>view of </div><div id="a87587" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:53.5px;">management.<div style="display:inline-block;width:3.41px"> </div></div><div id="a87589" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:66.7px;">The key assumptions<div style="display:inline-block;width:4.47px"> </div>used to determine<div style="display:inline-block;width:4.55px"> </div>the recoverable amounts<div style="display:inline-block;width:4.58px"> </div>of each cash-generating<div style="display:inline-block;width:4.5px"> </div>unit are tested<div style="display:inline-block;width:4.19px"> </div>for sensitivity by applying<div style="display:inline-block;width:4.64px"> </div>reasonably possible </div><div id="a87592" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:79.9px;">changes to those assumptions.</div></div> <div id="TextBlockContainer237" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:273px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a87605" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">9)<div style="display:inline-block;width:3.83px"> </div>Provisions and contingent liabilities </div><div id="a87608" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23px;">Provisions are liabilities<div style="display:inline-block;width:1.57px"> </div>of uncertain timing or<div style="display:inline-block;width:1.71px"> </div>amount, and are<div style="display:inline-block;width:2.27px"> </div>generally recognized<div style="display:inline-block;width:2.29px"> </div>in accordance with<div style="display:inline-block;width:1.86px"> </div>IAS 37, </div><div id="a87614" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:626.205px;top:22.8px;">Provisions, </div><div id="a87615" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:37.9px;">Contingent<div style="display:inline-block;width:5.31px"> </div>Liabilities and<div style="display:inline-block;width:5.56px"> </div>Contingent<div style="display:inline-block;width:5.28px"> </div>Assets</div><div id="a87618" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:258.538px;top:38.2px;">, when:<div style="display:inline-block;width:6.06px"> </div>(i) UBS has<div style="display:inline-block;width:5.64px"> </div>a present<div style="display:inline-block;width:5.22px"> </div>obligation as<div style="display:inline-block;width:5.9px"> </div>a result<div style="display:inline-block;width:5.39px"> </div>of a<div style="display:inline-block;width:5.36px"> </div>past event;<div style="display:inline-block;width:5.36px"> </div>(ii) it is </div><div id="a87628" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">probable that an outflow of resources<div style="display:inline-block;width:5.54px"> </div>will be required to settle the obligation;<div style="display:inline-block;width:5.46px"> </div>and (iii) a reliable estimate of the amount </div><div id="a87631" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:68.9px;">of the obligation can be<div style="display:inline-block;width:5.04px"> </div>made.<div style="display:inline-block;width:3.59px"> </div></div><div id="a87633" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:92.1px;">The majority of UBS’s provisions relate to litigation,<div style="display:inline-block;width:5.05px"> </div>regulatory and similar matters, restructuring, and<div style="display:inline-block;width:5.23px"> </div>employee benefits. </div><div id="a87634" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.2px;">Restructuring provisions<div style="display:inline-block;width:6.5px"> </div>are generally<div style="display:inline-block;width:5.23px"> </div>recognized<div style="display:inline-block;width:5.12px"> </div>as a<div style="display:inline-block;width:5.36px"> </div>consequence<div style="display:inline-block;width:5.14px"> </div>of management<div style="display:inline-block;width:5.98px"> </div>agreeing to<div style="display:inline-block;width:5.94px"> </div>materially change<div style="display:inline-block;width:5.68px"> </div>the </div><div id="a87636" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:122.4px;">scope of<div style="display:inline-block;width:5.13px"> </div>the business<div style="display:inline-block;width:5.53px"> </div>or the manner<div style="display:inline-block;width:5.61px"> </div>in which<div style="display:inline-block;width:5.61px"> </div>it is conducted,<div style="display:inline-block;width:6.13px"> </div>including changes<div style="display:inline-block;width:5.78px"> </div>in management<div style="display:inline-block;width:5.08px"> </div>structures. Provisions </div><div id="a87637" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:138px;">for employee benefits relate<div style="display:inline-block;width:5.22px"> </div>mainly to service anniversaries<div style="display:inline-block;width:5.32px"> </div>and sabbatical leave,<div style="display:inline-block;width:5.03px"> </div>and are<div style="display:inline-block;width:5.17px"> </div>recognized in accordance<div style="display:inline-block;width:5.03px"> </div>with </div><div id="a87639" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:153.1px;">measurement principles<div style="display:inline-block;width:5.37px"> </div>set out<div style="display:inline-block;width:5.45px"> </div>in item 4<div style="display:inline-block;width:5.43px"> </div>in this Note.<div style="display:inline-block;width:5.81px"> </div>In addition,<div style="display:inline-block;width:5.96px"> </div>UBS presents<div style="display:inline-block;width:5.62px"> </div>expected credit loss<div style="display:inline-block;width:5.75px"> </div>allowances within </div><div id="a87642" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:168px;">Provisions</div><div id="a87643" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:60.266px;top:168.3px;"><div style="display:inline-block;width:3.78px"> </div>if they relate to a loan commitment,<div style="display:inline-block;width:5.03px"> </div>financial guarantee contract or<div style="display:inline-block;width:5.14px"> </div>a revolving revocable credit line. </div><div id="a87647" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:191.5px;">IAS 37 provisions are measured<div style="display:inline-block;width:1.96px"> </div>considering the best<div style="display:inline-block;width:1.8px"> </div>estimate<div style="display:inline-block;width:2.32px"> </div>of the consideration<div style="display:inline-block;width:2.07px"> </div>required to settle<div style="display:inline-block;width:1.52px"> </div>the present obligation </div><div id="a87650" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:206.6px;">at the balance sheet date.<div style="display:inline-block;width:5.01px"> </div></div><div id="a87652" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:229.3px;">When conditions required to recognize a provision<div style="display:inline-block;width:5.13px"> </div>are not met, a contingent liability is disclosed, unless the likelihood of </div><div id="a87654" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:244.4px;">an outflow<div style="display:inline-block;width:6.28px"> </div>of resources<div style="display:inline-block;width:5.83px"> </div>is remote.<div style="display:inline-block;width:5.94px"> </div>Contingent liabilities<div style="display:inline-block;width:5.53px"> </div>are also<div style="display:inline-block;width:6.01px"> </div>disclosed<div style="display:inline-block;width:5.02px"> </div>for possible<div style="display:inline-block;width:6.17px"> </div>obligations<div style="display:inline-block;width:5.32px"> </div>that arise<div style="display:inline-block;width:5.47px"> </div>from past </div><div id="a87656" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:259.6px;">events, the existence of which will<div style="display:inline-block;width:5.02px"> </div>be confirmed only by uncertain future<div style="display:inline-block;width:5.09px"> </div>events not wholly within the<div style="display:inline-block;width:5.37px"> </div>control of UBS.</div></div><div id="TextBlockContainer240" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:219px;height:10px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a87704" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Critical accounting estimates and judgments</div></div><div id="TextBlockContainer242" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:674px;height:90px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a87706" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:0px;">Recognition of provisions<div style="display:inline-block;width:4.85px"> </div>often involves significant<div style="display:inline-block;width:4.48px"> </div>judgment in assessing<div style="display:inline-block;width:4.21px"> </div>the existence of<div style="display:inline-block;width:4.18px"> </div>an obligation that<div style="display:inline-block;width:4.3px"> </div>results from<div style="display:inline-block;width:4.31px"> </div>past events and in<div style="display:inline-block;width:4.15px"> </div>estimating the </div><div id="a87710" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:13.3px;">probability,<div style="display:inline-block;width:5.18px"> </div>timing and<div style="display:inline-block;width:4.32px"> </div>amount of any<div style="display:inline-block;width:4.79px"> </div>outflows of<div style="display:inline-block;width:4.52px"> </div>resources.<div style="display:inline-block;width:4.22px"> </div>This is particularly<div style="display:inline-block;width:5.07px"> </div>the case<div style="display:inline-block;width:4.49px"> </div>for litigation,<div style="display:inline-block;width:4.48px"> </div>regulatory and<div style="display:inline-block;width:4.11px"> </div>similar matters,<div style="display:inline-block;width:4.51px"> </div>which, due<div style="display:inline-block;width:4.63px"> </div>to their </div><div id="a87714" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:26.5px;">nature, are<div style="display:inline-block;width:4.14px"> </div>subject to many uncertainties,<div style="display:inline-block;width:3.27px"> </div>making their outcome<div style="display:inline-block;width:3.64px"> </div>difficult to predict.<div style="display:inline-block;width:3.42px"> </div></div><div id="a87720" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:39.8px;">The amount<div style="display:inline-block;width:4.47px"> </div>of any<div style="display:inline-block;width:4.25px"> </div>provision recognized<div style="display:inline-block;width:4.43px"> </div>is sensitive<div style="display:inline-block;width:4.57px"> </div>to the assumptions<div style="display:inline-block;width:4.54px"> </div>used and<div style="display:inline-block;width:4.39px"> </div>there could<div style="display:inline-block;width:4.19px"> </div>be a wide<div style="display:inline-block;width:4.95px"> </div>range of possible<div style="display:inline-block;width:4.3px"> </div>outcomes for<div style="display:inline-block;width:4.56px"> </div>any particular </div><div id="a87722" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:53.5px;">matter. </div><div id="a87724" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:66.7px;">Management regularly reviews<div style="display:inline-block;width:4.45px"> </div>all the available information<div style="display:inline-block;width:4.48px"> </div>regarding such matters,<div style="display:inline-block;width:4.63px"> </div>including legal advice, to assess whether<div style="display:inline-block;width:4.37px"> </div>the recognition criteria<div style="display:inline-block;width:4.43px"> </div>for </div><div id="a87726" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:80px;">provisions have been satisfied and<div style="display:inline-block;width:4.62px"> </div>to determine the timing and amount of any potential<div style="display:inline-block;width:4.2px"> </div>outflows.</div></div> <div id="TextBlockContainer245" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:289px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a87735" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">10)<div style="display:inline-block;width:4.03px"> </div>Foreign currency translation </div><div id="a87739" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23px;">Transactions<div style="display:inline-block;width:5.56px"> </div>denominated in a foreign<div style="display:inline-block;width:5.23px"> </div>currency are translated into the<div style="display:inline-block;width:5.52px"> </div>functional currency of the reporting<div style="display:inline-block;width:5.55px"> </div>entity at the </div><div id="a87740" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.2px;">spot<div style="display:inline-block;width:5.03px"> </div>exchange rate<div style="display:inline-block;width:6.15px"> </div>on<div style="display:inline-block;width:5.13px"> </div>the date<div style="display:inline-block;width:5.88px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the transaction.<div style="display:inline-block;width:6.29px"> </div>At the<div style="display:inline-block;width:5.83px"> </div>balance<div style="display:inline-block;width:5.3px"> </div>sheet date,<div style="display:inline-block;width:6.5px"> </div>all monetary<div style="display:inline-block;width:6.26px"> </div>assets,<div style="display:inline-block;width:5.17px"> </div>including<div style="display:inline-block;width:5.7px"> </div>those<div style="display:inline-block;width:5.03px"> </div>at </div><div id="a87742" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">FVOCI,<div style="display:inline-block;width:5.03px"> </div>and<div style="display:inline-block;width:5.61px"> </div>monetary liabilities<div style="display:inline-block;width:6.48px"> </div>denominated<div style="display:inline-block;width:5.8px"> </div>in<div style="display:inline-block;width:5.3px"> </div>foreign<div style="display:inline-block;width:5.16px"> </div>currency are<div style="display:inline-block;width:6.54px"> </div>translated<div style="display:inline-block;width:5.75px"> </div>into<div style="display:inline-block;width:5.35px"> </div>the<div style="display:inline-block;width:5.25px"> </div>functional<div style="display:inline-block;width:5.29px"> </div>currency using<div style="display:inline-block;width:7.01px"> </div>the </div><div id="a87752" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:68.9px;">closing exchange rate. Translation<div style="display:inline-block;width:6.74px"> </div>differences are<div style="display:inline-block;width:5.56px"> </div>reported in </div><div id="a87754" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:356.965px;top:68.7px;">Other net income<div style="display:inline-block;width:5.19px"> </div>from financial instruments<div style="display:inline-block;width:5.35px"> </div>measured at </div><div id="a87756" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:84.3px;">fair value through profit or loss</div><div id="a87758" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:181.392px;top:84.5px;">. </div><div id="a87760" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.3px;">Non-monetary items measured<div style="display:inline-block;width:5.14px"> </div>at historical cost are translated at the exchange<div style="display:inline-block;width:5.38px"> </div>rate on the date of the<div style="display:inline-block;width:5.07px"> </div>transaction.<div style="display:inline-block;width:4.16px"> </div></div><div id="a87764" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:130px;">Upon consolidation,<div style="display:inline-block;width:1.56px"> </div>assets and liabilities<div style="display:inline-block;width:0.55px"> </div>of foreign<div style="display:inline-block;width:2.01px"> </div>operations are<div style="display:inline-block;width:2.06px"> </div>translated<div style="display:inline-block;width:2.25px"> </div>into US dollars,<div style="display:inline-block;width:1.49px"> </div>UBS’s presentation<div style="display:inline-block;width:1.62px"> </div>currency,<div style="display:inline-block;width:2px"> </div>at </div><div id="a87769" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:145.1px;">the closing exchange rate<div style="display:inline-block;width:1.92px"> </div>on the balance sheet date,<div style="display:inline-block;width:2.16px"> </div>and income and expense<div style="display:inline-block;width:1.79px"> </div>items and other comprehensive<div style="display:inline-block;width:1.68px"> </div>income are </div><div id="a87770" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.2px;">translated at the average<div style="display:inline-block;width:2.31px"> </div>rate for the period.<div style="display:inline-block;width:2.29px"> </div>The resulting foreign<div style="display:inline-block;width:2.17px"> </div>currency translation<div style="display:inline-block;width:1.24px"> </div>differences are recognized<div style="display:inline-block;width:2.26px"> </div>in </div><div id="a87771" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:652.218px;top:160px;">Equity</div><div id="a87772" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:685.352px;top:160.2px;"> </div><div id="a87773" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:175.8px;">and reclassified<div style="display:inline-block;width:2.15px"> </div>to the income<div style="display:inline-block;width:1.67px"> </div>statement when<div style="display:inline-block;width:1.67px"> </div>UBS disposes<div style="display:inline-block;width:2.06px"> </div>of, partially<div style="display:inline-block;width:2px"> </div>or in its<div style="display:inline-block;width:2.04px"> </div>entirety, the<div style="display:inline-block;width:2.09px"> </div>foreign<div style="display:inline-block;width:2.33px"> </div>operation and<div style="display:inline-block;width:1.85px"> </div>UBS no </div><div id="a87775" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:191px;">longer controls the<div style="display:inline-block;width:2.31px"> </div>foreign operation. </div><div id="a87777" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:214.2px;">Share<div style="display:inline-block;width:3.39px"> </div>capital issued,<div style="display:inline-block;width:2.14px"> </div>share premium and treasury<div style="display:inline-block;width:1.53px"> </div>shares held are translated<div style="display:inline-block;width:1.45px"> </div>at the historic average<div style="display:inline-block;width:2.31px"> </div>rate, with the<div style="display:inline-block;width:2.09px"> </div>difference </div><div id="a87787" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:229.3px;">between the historic average<div style="display:inline-block;width:2.25px"> </div>rate and the<div style="display:inline-block;width:2.34px"> </div>spot rate realized upon<div style="display:inline-block;width:1.94px"> </div>repayment of share<div style="display:inline-block;width:2px"> </div>capital or disposal<div style="display:inline-block;width:2.28px"> </div>of treasury shares </div><div id="a87794" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:244.4px;">reported as </div><div id="a87795" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:70.198px;top:244.2px;">Share premium.</div><div id="a87796" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:158.218px;top:244.4px;"><div style="display:inline-block;width:2.84px"> </div>Cumulative<div style="display:inline-block;width:2.2px"> </div>amounts<div style="display:inline-block;width:2.24px"> </div>recognized in </div><div id="a87799" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:356.018px;top:244.2px;">Other<div style="display:inline-block;width:2.16px"> </div>comprehensive<div style="display:inline-block;width:1.93px"> </div>income</div><div id="a87800" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:517.845px;top:244.4px;"><div style="display:inline-block;width:3.32px"> </div>in respect<div style="display:inline-block;width:1.13px"> </div>of cash<div style="display:inline-block;width:1.62px"> </div>flow hedges </div><div id="a87803" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:259.6px;">and financial assets measured<div style="display:inline-block;width:2.25px"> </div>at FVOCI are translated<div style="display:inline-block;width:1.87px"> </div>at the closing exchange rate as<div style="display:inline-block;width:1.62px"> </div>of the balance sheet dates, with<div style="display:inline-block;width:2.11px"> </div>any </div><div id="a87814" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:275.2px;">translation effects<div style="display:inline-block;width:2.08px"> </div>adjusted through </div><div id="a87815" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:206.485px;top:274.9px;">Retained earnings</div><div id="a87816" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:305.858px;top:275.2px;">.</div></div> <div id="TextBlockContainer247" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:189px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a87827" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">11)<div style="display:inline-block;width:4.03px"> </div>Equity, treasury shares and contracts on UBS<div style="display:inline-block;width:5.6px"> </div>Group AG shares </div><div id="a87833" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23.5px;">Proceeds from<div style="display:inline-block;width:5.15px"> </div>the issuance<div style="display:inline-block;width:5.08px"> </div>of shares<div style="display:inline-block;width:5.39px"> </div>are recognized<div style="display:inline-block;width:5.31px"> </div>in </div><div id="a87837" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:323.365px;top:23.3px;">Share capital</div><div id="a87838" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:395.312px;top:23.5px;"><div style="display:inline-block;width:4.25px"> </div>for the nominal<div style="display:inline-block;width:5.6px"> </div>value, with the<div style="display:inline-block;width:5.51px"> </div>balance presented </div><div id="a87840" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.7px;">in </div><div id="a87841" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:19.093px;top:38.4px;">Share premium</div><div id="a87842" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:105.218px;top:38.7px;">. </div><div id="a87844" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.3px;">UBS Group AG shares held<div style="display:inline-block;width:5.41px"> </div>(treasury shares) </div><div id="a87846" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.5px;">UBS Group<div style="display:inline-block;width:5.78px"> </div>AG shares held<div style="display:inline-block;width:5.74px"> </div>by the Group<div style="display:inline-block;width:1.42px"> </div>,<div style="display:inline-block;width:4.36px"> </div>including those<div style="display:inline-block;width:5.16px"> </div>purchased as<div style="display:inline-block;width:5.15px"> </div>part of market-making<div style="display:inline-block;width:5.51px"> </div>activities, are<div style="display:inline-block;width:5.07px"> </div>presented </div><div id="a87853" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:92.1px;">in </div><div id="a87854" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:20.038px;top:91.9px;">Equity</div><div id="a87855" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:54.592px;top:92.1px;"><div style="display:inline-block;width:4.73px"> </div>as </div><div id="a87857" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:75.873px;top:91.9px;">Treasury<div style="display:inline-block;width:5.45px"> </div>shares</div><div id="a87858" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:162.952px;top:92.1px;"><div style="display:inline-block;width:4.73px"> </div>at their<div style="display:inline-block;width:5.44px"> </div>acquisition<div style="display:inline-block;width:5.39px"> </div>cost and<div style="display:inline-block;width:6.08px"> </div>are deducted<div style="display:inline-block;width:5.85px"> </div>from </div><div id="a87863" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:444.965px;top:91.9px;">Equity</div><div id="a87864" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:479.512px;top:92.1px;"><div style="display:inline-block;width:4.73px"> </div>until they<div style="display:inline-block;width:5.67px"> </div>are canceled<div style="display:inline-block;width:6.23px"> </div>or reissued. </div><div id="a87866" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.3px;">The difference between<div style="display:inline-block;width:5.14px"> </div>the proceeds from sales of<div style="display:inline-block;width:5.41px"> </div>treasury shares and<div style="display:inline-block;width:5.08px"> </div>their weighted average cost (net of tax,<div style="display:inline-block;width:5.29px"> </div>if any) is </div><div id="a87868" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:122.9px;">reported as </div><div id="a87869" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:73.036px;top:122.6px;">Share premium</div><div id="a87870" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:159.645px;top:122.9px;">. </div><div id="a87872" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:145.6px;">Contracts on UBS Group AG<div style="display:inline-block;width:5.07px"> </div>shares </div><div id="a87874" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.7px;">Contracts involving<div style="display:inline-block;width:5.41px"> </div>UBS Group<div style="display:inline-block;width:6.25px"> </div>AG shares<div style="display:inline-block;width:5.74px"> </div>that require<div style="display:inline-block;width:5.67px"> </div>net cash<div style="display:inline-block;width:5.4px"> </div>settlement, or<div style="display:inline-block;width:6.16px"> </div>provide<div style="display:inline-block;width:5.14px"> </div>the counterparty<div style="display:inline-block;width:5.62px"> </div>or UBS<div style="display:inline-block;width:5.31px"> </div>with a </div><div id="a87881" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:175.9px;">settlement option that includes a choice of<div style="display:inline-block;width:5.14px"> </div>settling net in cash, are classified<div style="display:inline-block;width:5.2px"> </div>as derivatives held for trading.</div></div> <div id="TextBlockContainer250" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:457px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a87928" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">b) Changes in accounting policies, comparability<div style="display:inline-block;width:6.12px"> </div>and other adjustments</div></div><div id="TextBlockContainer252" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:487px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a87931" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Changes to the presentation<div style="display:inline-block;width:5.06px"> </div>of the financial statements </div><div id="a87933" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">During 2022,<div style="display:inline-block;width:5.78px"> </div>UBS made several<div style="display:inline-block;width:5.4px"> </div>changes to<div style="display:inline-block;width:5.34px"> </div>simplify the presentation<div style="display:inline-block;width:6.37px"> </div>of the income<div style="display:inline-block;width:5.93px"> </div>statement alongside<div style="display:inline-block;width:5.59px"> </div>other primary </div><div id="a87934" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.7px;">financial statements and disclosure notes, and to<div style="display:inline-block;width:2.17px"> </div>align them with management information. In<div style="display:inline-block;width:2.2px"> </div>particular, </div><div id="a87936" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:599.218px;top:30.5px;">Total operating </div><div id="a87937" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:45.6px;">income</div><div id="a87938" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:46.08px;top:45.9px;"><div style="display:inline-block;width:3.31px"> </div>has been renamed </div><div id="a87940" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:157.272px;top:45.6px;">Total revenues</div><div id="a87941" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:239.618px;top:45.9px;"><div style="display:inline-block;width:3.32px"> </div>and excludes </div><div id="a87943" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:319.098px;top:45.6px;">Credit loss expense / (release)</div><div id="a87944" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:483.765px;top:45.9px;">, which is now separately presented </div><div id="a87945" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61px;">below </div><div id="a87946" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:43.716px;top:60.8px;">Total revenues</div><div id="a87947" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:125.565px;top:61px;">. </div><div id="a87949" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:84.2px;">Reclassification of a portfolio from </div><div id="a87955" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:203.178px;top:84px;">Financial assets measured at fair value<div style="display:inline-block;width:5.45px"> </div>through other comprehensive income</div><div id="a87957" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:636.618px;top:84.2px;"><div style="display:inline-block;width:3.77px"> </div>to </div><div id="a87959" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:99.1px;">Other financial assets measured at amortized<div style="display:inline-block;width:5.35px"> </div>cost </div><div id="a87961" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:114.5px;">Effective from 1 April 2022, UBS has reclassified a<div style="display:inline-block;width:2.06px"> </div>portfolio of financial assets from </div><div id="a87964" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:472.418px;top:114.2px;">Financial assets measured at fair value </div><div id="a87965" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:129.8px;">through other comprehensive income</div><div id="a87967" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:217.845px;top:130.1px;"><div style="display:inline-block;width:3.31px"> </div>with a fair value of USD </div><div id="a87967_26_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:358.858px;top:130.1px;">6.9</div><div id="a87967_29_22" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:377.775px;top:130.1px;">bn (the Portfolio) to </div><div id="a87971" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:491.805px;top:129.8px;">Other financial assets measured at </div><div id="a87972" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:145px;">amortized cost</div><div id="a87973" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:88.205px;top:145.2px;">, in line with the principles in IFRS 9, </div><div id="a87974" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:297.352px;top:145px;">Financial Instruments</div><div id="a87975" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:415.645px;top:145.2px;">, which require a reclassification<div style="display:inline-block;width:5.86px"> </div>when an entity </div><div id="a87976" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.4px;">changes its business model<div style="display:inline-block;width:5.14px"> </div>for managing financial assets. </div><div id="a87979" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183.6px;">The Portfolio’s cumulative fair value losses of USD </div><div id="a87979_52_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:290.725px;top:183.6px;">449</div><div id="a87979_55_18" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:312.952px;top:183.6px;">m pre-tax and USD </div><div id="a87979_73_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:424.152px;top:183.6px;">333</div><div id="a87979_76_37" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:446.378px;top:183.6px;">m post-tax, previously recognized in </div><div id="a87988" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:653.165px;top:183.3px;">Other </div><div id="a87989" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:198.4px;">comprehensive<div style="display:inline-block;width:8.08px"> </div>income</div><div id="a87990" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:139.312px;top:198.7px;">,<div style="display:inline-block;width:8.14px"> </div>have<div style="display:inline-block;width:8.04px"> </div>been<div style="display:inline-block;width:8.44px"> </div>removed<div style="display:inline-block;width:8.17px"> </div>from<div style="display:inline-block;width:8.02px"> </div>equity<div style="display:inline-block;width:8.46px"> </div>and<div style="display:inline-block;width:8.44px"> </div>adjusted<div style="display:inline-block;width:8.44px"> </div>against<div style="display:inline-block;width:8.24px"> </div>the<div style="display:inline-block;width:8.09px"> </div>value<div style="display:inline-block;width:7.94px"> </div>of<div style="display:inline-block;width:8.09px"> </div>the<div style="display:inline-block;width:8.09px"> </div>assets<div style="display:inline-block;width:8.03px"> </div>on<div style="display:inline-block;width:8.44px"> </div>the </div><div id="a87991" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:213.8px;">reclassification date, so<div style="display:inline-block;width:5.34px"> </div>that the Portfolio is<div style="display:inline-block;width:5.34px"> </div>measured as if the<div style="display:inline-block;width:5.27px"> </div>assets had always been<div style="display:inline-block;width:5.69px"> </div>classified at amortized cost,<div style="display:inline-block;width:5.1px"> </div>with </div><div id="a87994" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:229.4px;">a value of USD </div><div id="a87994_15_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:92.458px;top:229.4px;">7.4</div><div id="a87994_18_84" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:111.374px;top:229.4px;">bn as on 1 April 2022. The reclassification had<div style="display:inline-block;width:5.26px"> </div>no effect on the income statement.<div style="display:inline-block;width:5.15px"> </div></div><div id="a88000" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:252.2px;">The reclassified Portfolio is made up of high-quality liquid assets, primarily US government treasuries and US government </div><div id="a88003" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:267.3px;">agency mortgage-backed securities, held<div style="display:inline-block;width:5.28px"> </div>and separately managed by<div style="display:inline-block;width:5.06px"> </div>UBS Bank USA (BUSA). </div><div id="a88007" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:290px;">The accounting<div style="display:inline-block;width:5.38px"> </div>reclassification has<div style="display:inline-block;width:5.49px"> </div>arisen as a<div style="display:inline-block;width:5.45px"> </div>direct result<div style="display:inline-block;width:5.69px"> </div>of the transformation<div style="display:inline-block;width:6.29px"> </div>of UBS’s<div style="display:inline-block;width:6.18px"> </div>Global Wealth Management </div><div id="a88010" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:305.2px;">Americas<div style="display:inline-block;width:5.26px"> </div>business,<div style="display:inline-block;width:5.96px"> </div>which<div style="display:inline-block;width:5.4px"> </div>has<div style="display:inline-block;width:5.45px"> </div>significantly<div style="display:inline-block;width:5.68px"> </div>impacted<div style="display:inline-block;width:5.94px"> </div>BUSA.<div style="display:inline-block;width:5.82px"> </div>This<div style="display:inline-block;width:5.35px"> </div>includes<div style="display:inline-block;width:5.45px"> </div>initiatives<div style="display:inline-block;width:5.95px"> </div>approved<div style="display:inline-block;width:5.89px"> </div>by<div style="display:inline-block;width:5.2px"> </div>the<div style="display:inline-block;width:5.25px"> </div>Group<div style="display:inline-block;width:5.79px"> </div>Executive </div><div id="a88011" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:320.8px;">Board to significantly grow<div style="display:inline-block;width:5.43px"> </div>and extend the business,<div style="display:inline-block;width:5.35px"> </div>as disclosed on<div style="display:inline-block;width:5.21px"> </div>1 February 2022 during<div style="display:inline-block;width:5.6px"> </div>UBS’s fourth quarter 2021 </div><div id="a88015" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:335.9px;">earnings presentation.<div style="display:inline-block;width:6.2px"> </div>Over the two<div style="display:inline-block;width:6.1px"> </div>years preceding<div style="display:inline-block;width:5.59px"> </div>the reclassification<div style="display:inline-block;width:5.76px"> </div>date,<div style="display:inline-block;width:4.57px"> </div>BUSA’s deposit<div style="display:inline-block;width:5.89px"> </div>base grew<div style="display:inline-block;width:5.37px"> </div>by more than </div><div id="a88021" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:351.5px;">100% generating substantial cash<div style="display:inline-block;width:1.56px"> </div>balances, with a number<div style="display:inline-block;width:1.86px"> </div>of new products being<div style="display:inline-block;width:2.23px"> </div>launched, including new deposit<div style="display:inline-block;width:2.12px"> </div>types </div><div id="a88022" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:366.6px;">that are longer in duration,<div style="display:inline-block;width:5.19px"> </div>additional lending and a broader<div style="display:inline-block;width:5.14px"> </div>range of customer segments targeted. </div><div id="a88026" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:389.4px;">Following the commencement of these activities<div style="display:inline-block;width:5.4px"> </div>and the announcement<div style="display:inline-block;width:5.15px"> </div>made in the first quarter of 2022,<div style="display:inline-block;width:5.47px"> </div>the Portfolio </div><div id="a88027" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:404.5px;">is no longer held in a business model to collect the contractual cash flows and sell the assets, but is instead solely held to </div><div id="a88029" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:420.1px;">collect the contractual<div style="display:inline-block;width:5.95px"> </div>cash flows<div style="display:inline-block;width:5.45px"> </div>until the assets<div style="display:inline-block;width:5.97px"> </div>mature, requiring<div style="display:inline-block;width:5.45px"> </div>a reclassification<div style="display:inline-block;width:5.71px"> </div>of the Portfolio<div style="display:inline-block;width:5.45px"> </div>in line<div style="display:inline-block;width:5.4px"> </div>with IFRS<div style="display:inline-block;width:5.25px"> </div>9 </div><div id="a88031" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:435.2px;">with effect from 1 April 2022. </div><div id="a88035" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:458.4px;">The fair<div style="display:inline-block;width:5.57px"> </div>value of<div style="display:inline-block;width:5.72px"> </div>the Portfolio<div style="display:inline-block;width:5.86px"> </div>as on<div style="display:inline-block;width:6.27px"> </div>31 December 2022<div style="display:inline-block;width:6.06px"> </div>was USD </div><div id="a88035_63_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:385.818px;top:458.4px;">5.8</div><div id="a88035_66_37" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:404.735px;top:458.4px;">bn. A<div style="display:inline-block;width:5.5px"> </div>pre-tax fair<div style="display:inline-block;width:5.21px"> </div>value<div style="display:inline-block;width:5.1px"> </div>loss of<div style="display:inline-block;width:6.02px"> </div>USD </div><div id="a88035_103_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:612.498px;top:458.4px;">981</div><div id="a88035_106_8" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:635.192px;top:458.4px;">m would </div><div id="a88052" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:473.6px;">have been recognized in </div><div id="a88053" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:147.338px;top:473.3px;">Other comprehensive income</div><div id="a88054" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:313.432px;top:473.6px;"><div style="display:inline-block;width:3.79px"> </div>during 2022<div style="display:inline-block;width:5.25px"> </div>if the Portfolio had not been<div style="display:inline-block;width:5.09px"> </div>reclassified.</div></div> 6900000000 449000000 333000000 7400000000 5800000000 981000000 <div id="TextBlockContainer254" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:121px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a88065" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Accounting for obligations<div style="display:inline-block;width:5.08px"> </div>to safeguard crypto-assets an entity h<div style="display:inline-block;width:1.39px"> </div>olds for platform users (SAB<div style="display:inline-block;width:5.31px"> </div>121) </div><div id="a88089" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.2px;">In<div style="display:inline-block;width:6.72px"> </div>March<div style="display:inline-block;width:6.76px"> </div>2022,<div style="display:inline-block;width:7.06px"> </div>the<div style="display:inline-block;width:6.74px"> </div>US<div style="display:inline-block;width:6.77px"> </div>Security<div style="display:inline-block;width:6.01px"> </div>and<div style="display:inline-block;width:7.03px"> </div>Exchange<div style="display:inline-block;width:6.82px"> </div>Commission<div style="display:inline-block;width:6.96px"> </div>(the<div style="display:inline-block;width:6.95px"> </div>SEC)<div style="display:inline-block;width:6.41px"> </div>issued<div style="display:inline-block;width:7.06px"> </div>Staff<div style="display:inline-block;width:5.93px"> </div>Accounting<div style="display:inline-block;width:7.12px"> </div>Bulletin<div style="display:inline-block;width:6.85px"> </div>(SAB)<div style="display:inline-block;width:7.1px"> </div>121, </div><div id="a88105" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.3px;">“Accounting<div style="display:inline-block;width:5.43px"> </div>for obligations<div style="display:inline-block;width:6.27px"> </div>to safeguard<div style="display:inline-block;width:6.42px"> </div>crypto-assets an<div style="display:inline-block;width:5.68px"> </div>entity holds<div style="display:inline-block;width:6.39px"> </div>for platform<div style="display:inline-block;width:6.31px"> </div>users.” SAB<div style="display:inline-block;width:6.12px"> </div>121<div style="display:inline-block;width:5.34px"> </div>adds interpretive </div><div id="a88108" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">guidance<div style="display:inline-block;width:6.18px"> </div>requiring<div style="display:inline-block;width:6.21px"> </div>SEC<div style="display:inline-block;width:5.83px"> </div>registrants,<div style="display:inline-block;width:5.93px"> </div>including<div style="display:inline-block;width:6.64px"> </div>foreign<div style="display:inline-block;width:6.11px"> </div>private<div style="display:inline-block;width:5.74px"> </div>issuers<div style="display:inline-block;width:5.9px"> </div>that<div style="display:inline-block;width:5.57px"> </div>apply<div style="display:inline-block;width:6.25px"> </div>IFRS,<div style="display:inline-block;width:6.15px"> </div>to<div style="display:inline-block;width:5.72px"> </div>recognize<div style="display:inline-block;width:5.86px"> </div>a<div style="display:inline-block;width:5.67px"> </div>liability<div style="display:inline-block;width:6.04px"> </div>on<div style="display:inline-block;width:6.14px"> </div>their </div><div id="a88118" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61px;">balance sheets<div style="display:inline-block;width:3.25px"> </div>to reflect the obligation to safeguard any digital asset that is issued or transferred using distributed ledger </div><div id="a88122" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.7px;">or blockchain<div style="display:inline-block;width:5.08px"> </div>technology and<div style="display:inline-block;width:5.2px"> </div>held for<div style="display:inline-block;width:5.06px"> </div>their platform users,<div style="display:inline-block;width:5.17px"> </div>along with<div style="display:inline-block;width:5.38px"> </div>a corresponding asset.<div style="display:inline-block;width:5.6px"> </div>The guidance<div style="display:inline-block;width:5.06px"> </div>is effective </div><div id="a88131" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:91.8px;">for UBS<div style="display:inline-block;width:5.08px"> </div>for annual<div style="display:inline-block;width:5.23px"> </div>reporting from<div style="display:inline-block;width:5.43px"> </div>2022 onwards.<div style="display:inline-block;width:6.18px"> </div>Amounts that would<div style="display:inline-block;width:5.94px"> </div>be recognized<div style="display:inline-block;width:5.07px"> </div>as liabilities, with<div style="display:inline-block;width:5.6px"> </div>corresponding </div><div id="a88141" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.4px;">assets, under this guidance<div style="display:inline-block;width:5.23px"> </div>are not material to UBS.</div></div> <div id="TextBlockContainer256" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:128px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a88161" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">IFRS 17,</div><div id="a88164" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:50.336px;top:-0.3px;"><div style="display:inline-block;width:3.78px"> </div>Insurance Contracts </div><div id="a88167" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">In May 2017,<div style="display:inline-block;width:5.8px"> </div>the IASB issued<div style="display:inline-block;width:5.16px"> </div>IFRS 17, </div><div id="a88170" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:226.352px;top:14.9px;">Insurance Contracts</div><div id="a88171" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:338.018px;top:15.1px;">, which<div style="display:inline-block;width:5.14px"> </div>sets out<div style="display:inline-block;width:5.03px"> </div>the accounting requirements<div style="display:inline-block;width:5.89px"> </div>for contractual </div><div id="a88175" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.3px;">rights and obligations that arise from insurance contracts issued<div style="display:inline-block;width:5.04px"> </div>and reinsurance contracts held. IFRS 17 is effective from </div><div id="a88178" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">1 January<div style="display:inline-block;width:5.44px"> </div>2023.<div style="display:inline-block;width:5.64px"> </div>Adoption<div style="display:inline-block;width:5.64px"> </div>on<div style="display:inline-block;width:5.13px"> </div>1 January<div style="display:inline-block;width:5.5px"> </div>2023<div style="display:inline-block;width:5.54px"> </div>will have<div style="display:inline-block;width:6.58px"> </div>no<div style="display:inline-block;width:5.61px"> </div>effect on<div style="display:inline-block;width:6.74px"> </div>the<div style="display:inline-block;width:5.25px"> </div>Group’s<div style="display:inline-block;width:5.94px"> </div>financial statements<div style="display:inline-block;width:1.53px"> </div>.<div style="display:inline-block;width:5.35px"> </div>UBS<div style="display:inline-block;width:5.56px"> </div>does<div style="display:inline-block;width:5.68px"> </div>not </div><div id="a88191" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61px;">provide insurance services in any<div style="display:inline-block;width:5.29px"> </div>market. </div><div id="a88194" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:84.2px;">Other amendments to IFRS </div><div id="a88196" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.3px;">The IASB<div style="display:inline-block;width:6.23px"> </div>has issued<div style="display:inline-block;width:6.43px"> </div>a number<div style="display:inline-block;width:5.61px"> </div>of minor<div style="display:inline-block;width:5.95px"> </div>amendments to<div style="display:inline-block;width:6.02px"> </div>IFRS,<div style="display:inline-block;width:5.2px"> </div>effective from<div style="display:inline-block;width:6.45px"> </div>1 January<div style="display:inline-block;width:5.08px"> </div>2023<div style="display:inline-block;width:5.54px"> </div>and<div style="display:inline-block;width:5.13px"> </div>in later<div style="display:inline-block;width:5.47px"> </div>years. These </div><div id="a88201" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:114.5px;">amendments are not expected to<div style="display:inline-block;width:5.1px"> </div>have a significant effect on<div style="display:inline-block;width:5.43px"> </div>the Group when<div style="display:inline-block;width:5.14px"> </div>they are adopted.</div></div> <div id="TextBlockContainer258" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:189px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a88239" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 2a<div style="display:inline-block;width:8.21px"> </div>Segment reporting</div></div><div id="TextBlockContainer260" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:673px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a88244" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">UBS’s businesses<div style="display:inline-block;width:5.09px"> </div>are organized globally into<div style="display:inline-block;width:5.24px"> </div>four business divisions:<div style="display:inline-block;width:5.66px"> </div>Global Wealth Management,<div style="display:inline-block;width:5.46px"> </div>Personal &amp; Corporate </div><div id="a88246" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">Banking, Asset Management and the Investment Bank. All four business divisions are supported by Group<div style="display:inline-block;width:5.2px"> </div>Functions and </div><div id="a88247" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">qualify as reportable segments for<div style="display:inline-block;width:5.41px"> </div>the purpose of segment<div style="display:inline-block;width:5.04px"> </div>reporting. Together<div style="display:inline-block;width:6.5px"> </div>with Group Functions, the<div style="display:inline-block;width:5.08px"> </div>four business </div><div id="a88249" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.4px;">divisions reflect the management structure<div style="display:inline-block;width:5.38px"> </div>of the Group<div style="display:inline-block;width:1.53px"> </div>. </div><div id="a88253" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:62px;">–</div><div id="a88254" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:61.8px;"> </div><div id="a88255" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:20.038px;top:61.7px;">Global Wealth<div style="display:inline-block;width:5.32px"> </div>Management</div><div id="a88256" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:197.978px;top:62px;"><div style="display:inline-block;width:4.25px"> </div>provides<div style="display:inline-block;width:5.16px"> </div>financial services,<div style="display:inline-block;width:5.53px"> </div>advice and<div style="display:inline-block;width:5.4px"> </div>solutions to<div style="display:inline-block;width:5.43px"> </div>private wealth<div style="display:inline-block;width:6.11px"> </div>clients.<div style="display:inline-block;width:4.56px"> </div>Its offering </div><div id="a88264" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:77.1px;">ranges from<div style="display:inline-block;width:5.12px"> </div>investment management<div style="display:inline-block;width:5.14px"> </div>to estate planning<div style="display:inline-block;width:6px"> </div>and corporate finance<div style="display:inline-block;width:5.23px"> </div>advice, in<div style="display:inline-block;width:5.2px"> </div>addition to<div style="display:inline-block;width:5.33px"> </div>specific wealth </div><div id="a88265" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:92.3px;">management and banking<div style="display:inline-block;width:5.35px"> </div>products and services.<div style="display:inline-block;width:4.15px"> </div></div><div id="a88272" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:107.9px;">–</div><div id="a88273" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:107.7px;"> </div><div id="a88274" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:20.038px;top:107.6px;">Personal<div style="display:inline-block;width:7.08px"> </div>&amp;<div style="display:inline-block;width:6.52px"> </div>Corporate<div style="display:inline-block;width:6.98px"> </div>Banking</div><div id="a88275" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:216.898px;top:107.9px;"><div style="display:inline-block;width:6.61px"> </div>serves<div style="display:inline-block;width:6.36px"> </div>its<div style="display:inline-block;width:6.41px"> </div>private,<div style="display:inline-block;width:6.79px"> </div>corporate,<div style="display:inline-block;width:7.14px"> </div>and<div style="display:inline-block;width:7.03px"> </div>institutional<div style="display:inline-block;width:6.6px"> </div>clients’<div style="display:inline-block;width:7.08px"> </div>needs,<div style="display:inline-block;width:7.21px"> </div>from<div style="display:inline-block;width:6.64px"> </div>banking<div style="display:inline-block;width:7.33px"> </div>to </div><div id="a88283" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:123px;">retirement, financing,<div style="display:inline-block;width:5.66px"> </div>investments and<div style="display:inline-block;width:5.49px"> </div>strategic transactions<div style="display:inline-block;width:1.98px"> </div>,<div style="display:inline-block;width:4.36px"> </div>in Switzerland,<div style="display:inline-block;width:5.36px"> </div>through its<div style="display:inline-block;width:5.1px"> </div>branch network<div style="display:inline-block;width:5.29px"> </div>and digital </div><div id="a88294" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:138.6px;">channels. </div><div id="a88297" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:154.2px;">–</div><div id="a88298" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:154.1px;"> </div><div id="a88299" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:20.038px;top:153.9px;">Asset Management</div><div id="a88300" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:141.672px;top:154.2px;"><div style="display:inline-block;width:3.79px"> </div>is a global,<div style="display:inline-block;width:4.46px"> </div>large-scale and diversified<div style="display:inline-block;width:5.49px"> </div>asset manager. It<div style="display:inline-block;width:5.1px"> </div>offers investment<div style="display:inline-block;width:5.02px"> </div>capabilities and styles </div><div id="a88308" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:169.4px;">across<div style="display:inline-block;width:7.28px"> </div>all<div style="display:inline-block;width:6.88px"> </div>major<div style="display:inline-block;width:7.36px"> </div>traditional<div style="display:inline-block;width:7.4px"> </div>and<div style="display:inline-block;width:7.5px"> </div>alternative<div style="display:inline-block;width:7.13px"> </div>asset<div style="display:inline-block;width:7.51px"> </div>classes,<div style="display:inline-block;width:7.51px"> </div>as<div style="display:inline-block;width:7.14px"> </div>well<div style="display:inline-block;width:6.99px"> </div>as<div style="display:inline-block;width:7.62px"> </div>advisory<div style="display:inline-block;width:7.36px"> </div>support<div style="display:inline-block;width:7.65px"> </div>to<div style="display:inline-block;width:7.14px"> </div>institutions,<div style="display:inline-block;width:7.33px"> </div>wholesale </div><div id="a88309" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:184.5px;">intermediaries and wealth management<div style="display:inline-block;width:5.17px"> </div>clients.<div style="display:inline-block;width:4.23px"> </div></div><div id="a88312" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:200.1px;">–</div><div id="a88313" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:200px;"> </div><div id="a88314" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:200.1px;">The </div><div id="a88315" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:44.188px;top:199.8px;">Investment Bank</div><div id="a88316" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:149.232px;top:200.1px;"><div style="display:inline-block;width:2.84px"> </div>provides a range of services<div style="display:inline-block;width:1.54px"> </div>to institutional, corporate and wealth management clients globally, </div><div id="a88319" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:215.3px;">to<div style="display:inline-block;width:5.72px"> </div>help<div style="display:inline-block;width:5.98px"> </div>them<div style="display:inline-block;width:5.57px"> </div>raise<div style="display:inline-block;width:5.47px"> </div>capital,<div style="display:inline-block;width:5.42px"> </div>grow<div style="display:inline-block;width:5.8px"> </div>their<div style="display:inline-block;width:5.47px"> </div>businesses,<div style="display:inline-block;width:6px"> </div>invest<div style="display:inline-block;width:5.47px"> </div>and<div style="display:inline-block;width:5.61px"> </div>manage<div style="display:inline-block;width:5.45px"> </div>risks.<div style="display:inline-block;width:5.9px"> </div>Its<div style="display:inline-block;width:5.47px"> </div>offering<div style="display:inline-block;width:5.48px"> </div>includes<div style="display:inline-block;width:6px"> </div>research,<div style="display:inline-block;width:5.55px"> </div>advisory </div><div id="a88325" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:230.4px;">services, facilitating clients raising<div style="display:inline-block;width:5.58px"> </div>debt and equity from the public<div style="display:inline-block;width:5.6px"> </div>and private markets<div style="display:inline-block;width:5.31px"> </div>and capital markets,<div style="display:inline-block;width:5.2px"> </div>cash and </div><div id="a88331" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:246px;">derivatives trading across equities and<div style="display:inline-block;width:5.35px"> </div>fixed income,<div style="display:inline-block;width:3.87px"> </div>and financing.<div style="display:inline-block;width:4.7px"> </div></div><div id="a88337" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:261.6px;">–</div><div id="a88338" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:261.5px;"> </div><div id="a88339" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:20.038px;top:261.3px;">Group<div style="display:inline-block;width:6.18px"> </div>Functions</div><div id="a88340" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:124.618px;top:261.6px;"><div style="display:inline-block;width:6.17px"> </div>is<div style="display:inline-block;width:6.09px"> </div>made<div style="display:inline-block;width:6.2px"> </div>up<div style="display:inline-block;width:6.08px"> </div>of<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:6.2px"> </div>following<div style="display:inline-block;width:6.12px"> </div>major<div style="display:inline-block;width:5.94px"> </div>areas:<div style="display:inline-block;width:6.39px"> </div>Group<div style="display:inline-block;width:5.79px"> </div>Services<div style="display:inline-block;width:5.72px"> </div>(which<div style="display:inline-block;width:6.93px"> </div>consists<div style="display:inline-block;width:6.24px"> </div>of<div style="display:inline-block;width:6.26px"> </div>Chief<div style="display:inline-block;width:6.25px"> </div>Digital<div style="display:inline-block;width:5.56px"> </div>and </div><div id="a88346" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:276.8px;">Information<div style="display:inline-block;width:6.61px"> </div>Office,<div style="display:inline-block;width:6.25px"> </div>Communications<div style="display:inline-block;width:6.96px"> </div>&amp;<div style="display:inline-block;width:6.3px"> </div>Branding,<div style="display:inline-block;width:7.01px"> </div>Compliance,<div style="display:inline-block;width:6.45px"> </div>Finance,<div style="display:inline-block;width:6.4px"> </div>Group<div style="display:inline-block;width:6.74px"> </div>Sustainability<div style="display:inline-block;width:5.88px"> </div>and<div style="display:inline-block;width:6.55px"> </div>Impact,<div style="display:inline-block;width:6.31px"> </div>Human </div><div id="a88348" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:291.9px;">Resources,<div style="display:inline-block;width:6.84px"> </div>Group<div style="display:inline-block;width:6.26px"> </div>Legal,<div style="display:inline-block;width:6.15px"> </div>Regulatory<div style="display:inline-block;width:6.34px"> </div>&amp;<div style="display:inline-block;width:6.3px"> </div>Governance,<div style="display:inline-block;width:6.62px"> </div>and<div style="display:inline-block;width:6.55px"> </div>Risk<div style="display:inline-block;width:5.82px"> </div>Control),<div style="display:inline-block;width:6.54px"> </div>Group<div style="display:inline-block;width:6.74px"> </div>Treasury<div style="display:inline-block;width:5.51px"> </div>and<div style="display:inline-block;width:6.55px"> </div>Non-core<div style="display:inline-block;width:6.67px"> </div>and<div style="display:inline-block;width:6.08px"> </div>Legacy </div><div id="a88358" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:307.5px;">Portfolio.<div style="display:inline-block;width:4.33px"> </div></div><div id="a88361" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:330.2px;">Financial<div style="display:inline-block;width:7.76px"> </div>information<div style="display:inline-block;width:8.03px"> </div>about<div style="display:inline-block;width:8.02px"> </div>the<div style="display:inline-block;width:8.09px"> </div>four<div style="display:inline-block;width:7.66px"> </div>business<div style="display:inline-block;width:8.22px"> </div>divisions<div style="display:inline-block;width:7.76px"> </div>and<div style="display:inline-block;width:7.97px"> </div>Group<div style="display:inline-block;width:8.15px"> </div>Functions<div style="display:inline-block;width:7.76px"> </div>is<div style="display:inline-block;width:7.98px"> </div>presented<div style="display:inline-block;width:8.15px"> </div>separately<div style="display:inline-block;width:7.68px"> </div>in<div style="display:inline-block;width:8.14px"> </div>internal </div><div id="a88363" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:345.4px;">management reports to the Group<div style="display:inline-block;width:5.26px"> </div>Executive Board (the GEB),<div style="display:inline-block;width:5.06px"> </div>which is considered the “chief operating decision maker” </div><div id="a88364" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:361px;">pursuant to IFRS 8, </div><div id="a88367" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:116.578px;top:360.7px;">Operating Segments</div><div id="a88369" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:232.498px;top:361px;">. </div><div id="a88371" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:383.7px;">UBS’s<div style="display:inline-block;width:8.08px"> </div>internal<div style="display:inline-block;width:7.69px"> </div>accounting<div style="display:inline-block;width:7.44px"> </div>policies,<div style="display:inline-block;width:7.61px"> </div>which<div style="display:inline-block;width:7.77px"> </div>include<div style="display:inline-block;width:7.76px"> </div>management<div style="display:inline-block;width:7.71px"> </div>accounting<div style="display:inline-block;width:7.44px"> </div>policies<div style="display:inline-block;width:7.5px"> </div>and<div style="display:inline-block;width:7.97px"> </div>service<div style="display:inline-block;width:6.95px"> </div>level<div style="display:inline-block;width:7.16px"> </div>agreements, </div><div id="a88372" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:398.8px;">determine<div style="display:inline-block;width:6.93px"> </div>the<div style="display:inline-block;width:6.67px"> </div>revenues<div style="display:inline-block;width:7.43px"> </div>and<div style="display:inline-block;width:7.03px"> </div>expenses<div style="display:inline-block;width:6.92px"> </div>directly<div style="display:inline-block;width:7.09px"> </div>attributable<div style="display:inline-block;width:7.35px"> </div>to<div style="display:inline-block;width:6.67px"> </div>each<div style="display:inline-block;width:7.09px"> </div>reportable<div style="display:inline-block;width:6.9px"> </div>segment.<div style="display:inline-block;width:7.34px"> </div>Transactions<div style="display:inline-block;width:6.98px"> </div>between<div style="display:inline-block;width:7.45px"> </div>the </div><div id="a88373" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:414px;">reportable segments are carried out<div style="display:inline-block;width:5.17px"> </div>at internally agreed rates and are reflected in<div style="display:inline-block;width:5.14px"> </div>the operating results of the reportable </div><div id="a88375" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:429.6px;">segments.<div style="display:inline-block;width:6.45px"> </div>Revenue-sharing<div style="display:inline-block;width:6.86px"> </div>agreements<div style="display:inline-block;width:6.38px"> </div>are<div style="display:inline-block;width:6.23px"> </div>used<div style="display:inline-block;width:6.13px"> </div>to<div style="display:inline-block;width:5.72px"> </div>allocate<div style="display:inline-block;width:5.79px"> </div>external<div style="display:inline-block;width:5.97px"> </div>client<div style="display:inline-block;width:6.26px"> </div>revenues<div style="display:inline-block;width:6.96px"> </div>to<div style="display:inline-block;width:6.2px"> </div>reportable<div style="display:inline-block;width:5.96px"> </div>segments<div style="display:inline-block;width:6.34px"> </div>where </div><div id="a88378" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:444.7px;">several<div style="display:inline-block;width:5.26px"> </div>reportable<div style="display:inline-block;width:5.96px"> </div>segments<div style="display:inline-block;width:5.87px"> </div>are<div style="display:inline-block;width:5.76px"> </div>involved<div style="display:inline-block;width:5.67px"> </div>in<div style="display:inline-block;width:5.77px"> </div>the<div style="display:inline-block;width:5.89px"> </div>value<div style="display:inline-block;width:5.57px"> </div>creation<div style="display:inline-block;width:5.71px"> </div>chain.<div style="display:inline-block;width:5.88px"> </div>Total<div style="display:inline-block;width:5.67px"> </div>intersegment<div style="display:inline-block;width:5.61px"> </div>revenues<div style="display:inline-block;width:6.01px"> </div>for<div style="display:inline-block;width:5.57px"> </div>the<div style="display:inline-block;width:5.72px"> </div>Group<div style="display:inline-block;width:5.79px"> </div>are </div><div id="a88380" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:460.3px;">immaterial, as the majority of<div style="display:inline-block;width:5.22px"> </div>the revenues are allocated across<div style="display:inline-block;width:5.17px"> </div>the segments by means<div style="display:inline-block;width:5.86px"> </div>of revenue-sharing agreements. </div><div id="a88383" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:475.5px;">Interest<div style="display:inline-block;width:5.6px"> </div>income<div style="display:inline-block;width:5.62px"> </div>earned<div style="display:inline-block;width:6.63px"> </div>from<div style="display:inline-block;width:5.66px"> </div>managing<div style="display:inline-block;width:6.23px"> </div>UBS’s<div style="display:inline-block;width:6.18px"> </div>consolidated<div style="display:inline-block;width:6.17px"> </div>equity<div style="display:inline-block;width:5.15px"> </div>is<div style="display:inline-block;width:5.62px"> </div>allocated<div style="display:inline-block;width:6.24px"> </div>to<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:6.2px"> </div>reportable<div style="display:inline-block;width:5.96px"> </div>segments<div style="display:inline-block;width:5.87px"> </div>based<div style="display:inline-block;width:6.13px"> </div>on </div><div id="a88385" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:490.6px;">average attributed equity and currency composition. Assets and liabilities of the reportable segments are funded through </div><div id="a88386" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:506.2px;">and invested with Group<div style="display:inline-block;width:5.13px"> </div>Functions, and the net interest margin is reflected in<div style="display:inline-block;width:5.05px"> </div>the results of each<div style="display:inline-block;width:5.11px"> </div>reportable segment. </div><div id="a88390" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:528.9px;">Segment<div style="display:inline-block;width:5.3px"> </div>assets<div style="display:inline-block;width:5.2px"> </div>are<div style="display:inline-block;width:5.76px"> </div>based<div style="display:inline-block;width:5.66px"> </div>on<div style="display:inline-block;width:5.61px"> </div>a<div style="display:inline-block;width:5.2px"> </div>third-party<div style="display:inline-block;width:5.57px"> </div>view<div style="display:inline-block;width:5.47px"> </div>and<div style="display:inline-block;width:5.61px"> </div>do<div style="display:inline-block;width:5.61px"> </div>not<div style="display:inline-block;width:5.45px"> </div>include<div style="display:inline-block;width:5.4px"> </div>intercompany<div style="display:inline-block;width:5.75px"> </div>balances.<div style="display:inline-block;width:5.45px"> </div>This<div style="display:inline-block;width:5.35px"> </div>view<div style="display:inline-block;width:5.47px"> </div>is<div style="display:inline-block;width:5.15px"> </div>in<div style="display:inline-block;width:5.3px"> </div>line<div style="display:inline-block;width:5.67px"> </div>with </div><div id="a88393" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:544.1px;">internal<div style="display:inline-block;width:5.32px"> </div>reporting<div style="display:inline-block;width:5.69px"> </div>to<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>GEB.<div style="display:inline-block;width:5.4px"> </div>If one<div style="display:inline-block;width:6.87px"> </div>operating<div style="display:inline-block;width:5.6px"> </div>segment<div style="display:inline-block;width:5.35px"> </div>is<div style="display:inline-block;width:5.15px"> </div>involved<div style="display:inline-block;width:5.67px"> </div>in<div style="display:inline-block;width:5.3px"> </div>an<div style="display:inline-block;width:5.4px"> </div>external<div style="display:inline-block;width:5.5px"> </div>transaction<div style="display:inline-block;width:5.56px"> </div>together<div style="display:inline-block;width:5.35px"> </div>with<div style="display:inline-block;width:5.25px"> </div>another </div><div id="a88395" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:559.7px;">operating segment<div style="display:inline-block;width:5.38px"> </div>or Group Functions,<div style="display:inline-block;width:5.88px"> </div>additional criteria are considered<div style="display:inline-block;width:6.18px"> </div>to determine the<div style="display:inline-block;width:5.35px"> </div>segment that will<div style="display:inline-block;width:5.24px"> </div>report the </div><div id="a88396" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:574.8px;">associated<div style="display:inline-block;width:6.19px"> </div>assets.<div style="display:inline-block;width:6.25px"> </div>This<div style="display:inline-block;width:6.29px"> </div>will<div style="display:inline-block;width:5.94px"> </div>include<div style="display:inline-block;width:6.82px"> </div>a<div style="display:inline-block;width:6.15px"> </div>consideration<div style="display:inline-block;width:6.49px"> </div>of<div style="display:inline-block;width:6.2px"> </div>which<div style="display:inline-block;width:6.35px"> </div>segment’s<div style="display:inline-block;width:6.45px"> </div>business<div style="display:inline-block;width:6.32px"> </div>needs<div style="display:inline-block;width:6.6px"> </div>are<div style="display:inline-block;width:6.23px"> </div>being<div style="display:inline-block;width:6.18px"> </div>addressed<div style="display:inline-block;width:6.47px"> </div>by<div style="display:inline-block;width:6.15px"> </div>the </div><div id="a88397" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:590.4px;">transaction<div style="display:inline-block;width:5.56px"> </div>and<div style="display:inline-block;width:5.61px"> </div>which<div style="display:inline-block;width:5.51px"> </div>segment<div style="display:inline-block;width:5.35px"> </div>is<div style="display:inline-block;width:5.15px"> </div>providing<div style="display:inline-block;width:5.89px"> </div>the<div style="display:inline-block;width:5.25px"> </div>funding<div style="display:inline-block;width:5.96px"> </div>and<div style="display:inline-block;width:5.61px"> </div>/<div style="display:inline-block;width:5.31px"> </div>or<div style="display:inline-block;width:5.25px"> </div>resources.<div style="display:inline-block;width:5.31px"> </div>Allocation<div style="display:inline-block;width:5.77px"> </div>of<div style="display:inline-block;width:5.25px"> </div>liabilities<div style="display:inline-block;width:5.62px"> </div>follows<div style="display:inline-block;width:5.4px"> </div>the<div style="display:inline-block;width:5.25px"> </div>same </div><div id="a88400" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:605.6px;">principles. </div><div id="a88402" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:628.3px;">Non-current<div style="display:inline-block;width:5.15px"> </div>assets disclosed<div style="display:inline-block;width:6.07px"> </div>for segment<div style="display:inline-block;width:5.82px"> </div>reporting<div style="display:inline-block;width:5.69px"> </div>purposes<div style="display:inline-block;width:5.48px"> </div>represent<div style="display:inline-block;width:5.2px"> </div>assets that<div style="display:inline-block;width:5.67px"> </div>are expected<div style="display:inline-block;width:5.71px"> </div>to be<div style="display:inline-block;width:6.03px"> </div>recovered<div style="display:inline-block;width:5.37px"> </div>more </div><div id="a88405" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:643.4px;">than<div style="display:inline-block;width:5.93px"> </div>12<div style="display:inline-block;width:6.08px"> </div>months<div style="display:inline-block;width:6.02px"> </div>after<div style="display:inline-block;width:5.21px"> </div>the<div style="display:inline-block;width:5.72px"> </div>reporting<div style="display:inline-block;width:6.29px"> </div>date,<div style="display:inline-block;width:5.83px"> </div>excluding<div style="display:inline-block;width:5.87px"> </div>financial<div style="display:inline-block;width:5.41px"> </div>instruments,<div style="display:inline-block;width:6.24px"> </div>deferred<div style="display:inline-block;width:6.33px"> </div>tax<div style="display:inline-block;width:5.32px"> </div>assets<div style="display:inline-block;width:5.67px"> </div>and<div style="display:inline-block;width:6.08px"> </div>post-employment </div><div id="a88409" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:659px;">benefits.</div></div><div id="TextBlockContainer264" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:682px;height:209px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_262_XBRL_TS_00791f0401c84f3a999e24c374078395" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer263" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:682px;height:209px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a88466" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:23.2px;">USD m </div><div id="a88469" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:281.404px;top:11.3px;">Global Wealth </div><div id="a88470" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:284.75px;top:23.2px;">Management </div><div id="a88473" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:362.337px;top:0px;">Personal &amp; </div><div id="a88475" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:365.177px;top:11.3px;">Corporate </div><div id="a88477" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.79px;top:23.2px;">Banking </div><div id="a88480" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.31px;top:11.3px;">Asset<div style="display:inline-block;width:2.72px"> </div></div><div id="a88482" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:422.43px;top:23.2px;">Management </div><div id="a88485" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.044px;top:11.3px;">Investment </div><div id="a88486" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.324px;top:23.2px;">Bank </div><div id="a88489" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.257px;top:11.3px;">Group </div><div id="a88490" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:23.2px;">Functions </div><div id="a88493" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.937px;top:23.2px;">UBS </div><div id="a88508" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:3.181px;top:47.6px;">For the year ended 31 December<div style="display:inline-block;width:4.28px"> </div>2022 </div><div id="a88518" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:60.1px;">Net interest income </div><div id="a88521_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.23px;top:60.1px;">5,273</div><div id="a88525_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:60.1px;">2,191</div><div id="a88529_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.03px;top:60.1px;display:flex;">(19)</div><div id="a88533_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.377px;top:60.1px;display:flex;">(242)</div><div id="a88537_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.564px;top:60.1px;display:flex;">(584)</div><div id="a88541_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:654.31px;top:60.1px;">6,621</div><div id="a88544" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:73.3px;">Non-interest income </div><div id="a88549_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.497px;top:73.3px;">13,694</div><div id="a88553_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:73.3px;">2,111</div><div id="a88557_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:446.577px;top:73.3px;">2,980</div><div id="a88559" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:467.857px;top:74px;">1 </div><div id="a88562_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:73.3px;">8,958</div><div id="a88566_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.297px;top:73.3px;">199</div><div id="a88570_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:73.3px;">27,942</div><div id="a88573" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:86.1px;">Total revenues </div><div id="a88576_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.497px;top:86.1px;">18,967</div><div id="a88580_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:86.1px;">4,302</div><div id="a88584_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:86.1px;">2,961</div><div id="a88588_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:86.1px;">8,717</div><div id="a88592_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.564px;top:86.1px;display:flex;">(385)</div><div id="a88596_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:86.1px;">34,563</div><div id="a88599" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:99.3px;">Credit loss expense / (release) </div><div id="a88602_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:328.257px;top:99.3px;">0</div><div id="a88606_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.164px;top:99.3px;">39</div><div id="a88610_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.964px;top:99.3px;">0</div><div id="a88614_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.11px;top:99.3px;display:flex;">(12)</div><div id="a88618_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:602.257px;top:99.3px;">3</div><div id="a88622_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:666.604px;top:99.3px;">29</div><div id="a88625" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:112.6px;">Operating expenses </div><div id="a88628_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.497px;top:112.6px;">13,989</div><div id="a88632_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:112.6px;">2,452</div><div id="a88636_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:112.6px;">1,564</div><div id="a88640_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:112.6px;">6,832</div><div id="a88644_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.497px;top:112.6px;">92</div><div id="a88648_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:112.6px;">24,930</div><div id="a88651" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:125.9px;">Operating profit / (loss) before<div style="display:inline-block;width:3.73px"> </div>tax </div><div id="a88654_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.23px;top:125.9px;">4,977</div><div id="a88658_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:379.83px;top:125.9px;">1,812</div><div id="a88662_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.937px;top:125.9px;">1,397</div><div id="a88666_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:518.017px;top:125.9px;">1,897</div><div id="a88670_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:587.564px;top:125.9px;display:flex;">(480)</div><div id="a88674_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:654.31px;top:125.9px;">9,604</div><div id="a88677" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:139.6px;">Tax expense / (benefit) </div><div id="a88690_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:654.31px;top:139.6px;">1,942</div><div id="a88693" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:152.8px;">Net profit / (loss) </div><div id="a88707_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:654.31px;top:152.8px;">7,661</div><div id="a88723" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.181px;top:173px;">Additional information </div><div id="a88737" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:185.5px;">Total assets </div><div id="a88740_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:301.777px;top:185.5px;">388,530</div><div id="a88744_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:370.377px;top:185.5px;">235,226</div><div id="a88748_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:185.5px;">17,348</div><div id="a88752_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:508.564px;top:185.5px;">391,320</div><div id="a88756_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.47px;top:185.5px;">71,940</div><div id="a88760_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:637.724px;top:185.5px;">1,104,364</div><div id="a88763" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:198.7px;">Additions to non-current assets </div><div id="a88768_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:323.524px;top:198.7px;">42</div><div id="a88772_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.164px;top:198.7px;">13</div><div id="a88776_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.964px;top:198.7px;">1</div><div id="a88780_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.31px;top:198.7px;">34</div><div id="a88784_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.204px;top:198.7px;">1,970</div><div id="a88788_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:654.31px;top:198.7px;">2,060</div></div></div></div><div id="TextBlockContainer268" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:683px;height:209px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_266_XBRL_TS_105372e0db1e4ac1b72ae13c22611d19" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer267" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:683px;height:209px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a88791" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:23.2px;">USD m </div><div id="a88794" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:282.35px;top:11.8px;">Global Wealth </div><div id="a88795" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:285.697px;top:23.2px;">Management </div><div id="a88798" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.75px;top:0px;">Personal &amp; </div><div id="a88800" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.59px;top:11.8px;">Corporate </div><div id="a88802" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:373.217px;top:23.2px;">Banking </div><div id="a88805" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:452.257px;top:11.8px;">Asset<div style="display:inline-block;width:2.72px"> </div></div><div id="a88807" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.377px;top:23.2px;">Management </div><div id="a88810" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.99px;top:11.8px;">Investment </div><div id="a88811" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:522.27px;top:23.2px;">Bank </div><div id="a88814" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.204px;top:11.8px;">Group </div><div id="a88815" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.377px;top:23.2px;">Functions </div><div id="a88818" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.87px;top:23.2px;">UBS </div><div id="a88833" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.181px;top:47.6px;">For the year ended 31 December<div style="display:inline-block;width:4.28px"> </div>2021 </div><div id="a88843" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:60.1px;">Net interest income </div><div id="a88847_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:312.177px;top:60.1px;">4,244</div><div id="a88851_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:381.257px;top:60.1px;">2,120</div><div id="a88855_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.977px;top:60.1px;display:flex;">(15)</div><div id="a88859_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:526.057px;top:60.1px;">481</div><div id="a88863_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:60.1px;display:flex;">(127)</div><div id="a88867_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.257px;top:60.1px;">6,705</div><div id="a88870" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:73.3px;">Non-interest income </div><div id="a88875_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:307.444px;top:73.3px;">15,175</div><div id="a88879_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:381.257px;top:73.3px;">2,143</div><div id="a88883_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:449.884px;top:73.3px;">2,632</div><div id="a88887_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.964px;top:73.3px;">8,972</div><div id="a88891_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:73.3px;display:flex;">(233)</div><div id="a88895_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:650.497px;top:73.3px;">28,689</div><div id="a88898" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:86.1px;">Total revenues </div><div id="a88901_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:307.444px;top:86.1px;">19,419</div><div id="a88905_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:381.257px;top:86.1px;">4,263</div><div id="a88909_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:449.884px;top:86.1px;">2,617</div><div id="a88913_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.964px;top:86.1px;">9,454</div><div id="a88917_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:86.1px;display:flex;">(359)</div><div id="a88921_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:650.497px;top:86.1px;">35,393</div><div id="a88924" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:99.3px;">Credit loss expense / (release) </div><div id="a88927_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:319.27px;top:99.3px;display:flex;">(29)</div><div id="a88931_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.35px;top:99.3px;display:flex;">(86)</div><div id="a88935_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:466.91px;top:99.3px;">1</div><div id="a88939_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:526.057px;top:99.3px;display:flex;">(34)</div><div id="a88943_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:603.204px;top:99.3px;">0</div><div id="a88947_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.617px;top:99.3px;display:flex;">(148)</div><div id="a88950" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.1px;">Operating expenses </div><div id="a88953_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:307.444px;top:113.1px;">14,665</div><div id="a88957_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:381.257px;top:113.1px;">2,618</div><div id="a88961_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:449.884px;top:113.1px;">1,586</div><div id="a88965_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.964px;top:113.1px;">6,858</div><div id="a88969_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.244px;top:113.1px;">330</div><div id="a88973_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:650.497px;top:113.1px;">26,058</div><div id="a88976" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:126.3px;">Operating profit / (loss) before<div style="display:inline-block;width:3.73px"> </div>tax </div><div id="a88979_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:312.177px;top:126.3px;">4,783</div><div id="a88983_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:381.257px;top:126.3px;">1,731</div><div id="a88987_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:449.884px;top:126.3px;">1,030</div><div id="a88991_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.964px;top:126.3px;">2,630</div><div id="a88995_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:126.3px;display:flex;">(689)</div><div id="a88999_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.257px;top:126.3px;">9,484</div><div id="a89002" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:139.6px;">Tax expense / (benefit) </div><div id="a89015_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.257px;top:139.6px;">1,998</div><div id="a89018" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:152.8px;">Net profit / (loss) </div><div id="a89031_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.257px;top:152.8px;">7,486</div><div id="a89047" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.181px;top:173px;">Additional information </div><div id="a89061" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:185.5px;">Total assets</div><div id="a89062" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:45.301px;top:186.1px;">2</div><div id="a89065_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:302.724px;top:185.5px;">395,235</div><div id="a89069_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.79px;top:185.5px;">225,370</div><div id="a89073_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:445.164px;top:185.5px;">25,639</div><div id="a89077_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.51px;top:185.5px;">346,431</div><div id="a89081_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.697px;top:185.5px;">124,507</div><div id="a89085_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:638.67px;top:185.5px;">1,117,182</div><div id="a89088" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:198.7px;">Additions to non-current assets </div><div id="a89093_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:324.47px;top:198.7px;">56</div><div id="a89097_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:393.577px;top:198.7px;">16</div><div id="a89101_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:466.91px;top:198.7px;">1</div><div id="a89105_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.257px;top:198.7px;">30</div><div id="a89109_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:586.15px;top:198.7px;">1,989</div><div id="a89113_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.257px;top:198.7px;">2,091</div></div></div></div><div id="TextBlockContainer272" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:682px;height:255px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_270_XBRL_TS_66148b462d2a4a60afc074d9c6593ab3" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer271" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:682px;height:255px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a89116" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:23.6px;">USD m </div><div id="a89119" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:281.404px;top:11.8px;">Global Wealth </div><div id="a89120" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:284.75px;top:23.6px;">Management </div><div id="a89123" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:362.337px;top:0px;">Personal &amp; </div><div id="a89125" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:365.177px;top:11.8px;">Corporate </div><div id="a89127" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.79px;top:23.6px;">Banking </div><div id="a89130" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.31px;top:11.8px;">Asset<div style="display:inline-block;width:2.72px"> </div></div><div id="a89132" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:422.43px;top:23.6px;">Management </div><div id="a89135" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.044px;top:11.8px;">Investment </div><div id="a89136" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.324px;top:23.6px;">Bank </div><div id="a89139" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.257px;top:11.8px;">Group </div><div id="a89140" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:23.6px;">Functions </div><div id="a89143" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.937px;top:23.6px;">UBS </div><div id="a89158" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.181px;top:50.9px;">For the year ended 31 December<div style="display:inline-block;width:4.28px"> </div>2020 </div><div id="a89168" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:63.4px;">Net interest income </div><div id="a89172_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.23px;top:63.4px;">4,027</div><div id="a89176_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:63.4px;">2,049</div><div id="a89180_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.03px;top:63.4px;display:flex;">(17)</div><div id="a89184_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.11px;top:63.4px;">284</div><div id="a89188_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.564px;top:63.4px;display:flex;">(481)</div><div id="a89192_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:654.31px;top:63.4px;">5,862</div><div id="a89195" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:76.6px;">Non-interest income</div><div id="a89198" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:76.545px;top:77.3px;">3 </div><div id="a89201_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.497px;top:76.6px;">13,107</div><div id="a89205_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:76.6px;">1,858</div><div id="a89209_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:76.6px;">2,993</div><div id="a89213_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:76.6px;">9,235</div><div id="a89217_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.497px;top:76.6px;">30</div><div id="a89221_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:76.6px;">27,222</div><div id="a89224" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:89.4px;">Total revenues </div><div id="a89227_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.497px;top:89.4px;">17,134</div><div id="a89231_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:89.4px;">3,908</div><div id="a89235_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:89.4px;">2,975</div><div id="a89239_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:89.4px;">9,519</div><div id="a89243_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.564px;top:89.4px;display:flex;">(452)</div><div id="a89247_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:89.4px;">33,084</div><div id="a89250" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:102.7px;">Credit loss expense / (release) </div><div id="a89253_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:323.524px;top:102.7px;">88</div><div id="a89257_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.924px;top:102.7px;">257</div><div id="a89261_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.964px;top:102.7px;">2</div><div id="a89265_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.11px;top:102.7px;">305</div><div id="a89269_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.497px;top:102.7px;">42</div><div id="a89273_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.404px;top:102.7px;">694</div><div id="a89276" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:115.9px;">Operating expenses </div><div id="a89279_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.497px;top:115.9px;">13,026</div><div id="a89283_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:115.9px;">2,392</div><div id="a89287_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:115.9px;">1,519</div><div id="a89291_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:115.9px;">6,732</div><div id="a89295_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.297px;top:115.9px;">567</div><div id="a89299_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:115.9px;">24,235</div><div id="a89302" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:129.1px;">Operating profit / (loss) before<div style="display:inline-block;width:3.73px"> </div>tax </div><div id="a89305_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.23px;top:129.1px;">4,019</div><div id="a89309_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:129.1px;">1,259</div><div id="a89313_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:129.1px;">1,455</div><div id="a89317_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:129.1px;">2,482</div><div id="a89321_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.47px;top:129.1px;display:flex;">(1,060)</div><div id="a89325_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:654.31px;top:129.1px;">8,155</div><div id="a89328" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:142.9px;">Tax expense / (benefit) </div><div id="a89341_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:654.31px;top:142.9px;">1,583</div><div id="a89344" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:156.1px;">Net profit / (loss) </div><div id="a89357_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:654.31px;top:156.1px;">6,572</div><div id="a89373" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.181px;top:176.3px;">Additional information </div><div id="a89387" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:188.7px;">Total assets </div><div id="a89390_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:301.777px;top:188.7px;">367,714</div><div id="a89394_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:370.377px;top:188.7px;">231,657</div><div id="a89398_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:188.7px;">28,589</div><div id="a89402_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:508.564px;top:188.7px;">369,683</div><div id="a89406_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.75px;top:188.7px;">128,122</div><div id="a89410_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:637.724px;top:188.7px;">1,125,765</div><div id="a89413" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:202px;">Additions to non-current assets </div><div id="a89418_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:328.257px;top:202px;">5</div><div id="a89422_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.164px;top:202px;">12</div><div id="a89426_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.03px;top:202px;">385</div><div id="a89430_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.11px;top:202px;">150</div><div id="a89434_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.204px;top:202px;">2,294</div><div id="a89438_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:654.31px;top:202px;">2,847</div><div id="a89441" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:216.1px;">1 Includes an USD </div><div id="a89441_18_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:63.24px;top:216.1px;">848</div><div id="a89441_21_185" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:76.008px;top:216.1px;">m gain in Asset<div style="display:inline-block;width:4.25px"> </div>Management related<div style="display:inline-block;width:3.49px"> </div>to the sale<div style="display:inline-block;width:3.47px"> </div>of UBS’s<div style="display:inline-block;width:3.78px"> </div>shareholding in<div style="display:inline-block;width:3.46px"> </div>Mitsubishi Corp.-UBS<div style="display:inline-block;width:4.16px"> </div>Realty Inc.<div style="display:inline-block;width:10.58px"> </div>2 During 2022,<div style="display:inline-block;width:3.85px"> </div>UBS refined<div style="display:inline-block;width:3.48px"> </div>the methodology applied<div style="display:inline-block;width:3.76px"> </div>to allocate<div style="display:inline-block;width:3.46px"> </div>balance sheet </div><div id="a89444" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:226px;">resources from Group Functions<div style="display:inline-block;width:3.48px"> </div>to the business divisions,<div style="display:inline-block;width:3.76px"> </div>with prospective effect. If the<div style="display:inline-block;width:3.65px"> </div>new methodology had been<div style="display:inline-block;width:3.47px"> </div>applied as of 31 December<div style="display:inline-block;width:3.92px"> </div>2021, balance sheet assets allocated<div style="display:inline-block;width:3.87px"> </div>to business divisions would<div style="display:inline-block;width:3.9px"> </div>have </div><div id="a89447" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:236.4px;">been USD </div><div id="a89447_9_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:35.338px;top:236.4px;">26</div><div id="a89447_11_24" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:43.851px;top:236.4px;">bn higher, of which USD </div><div id="a89447_35_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:121.407px;top:236.4px;">14</div><div id="a89447_37_55" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:129.919px;top:236.4px;">bn related to the Investment Bank.<div style="display:inline-block;width:8.19px"> </div>3 Includes a USD </div><div id="a89447_92_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:299.821px;top:236.4px;">631</div><div id="a89447_95_107" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:312.59px;top:236.4px;">m net gain on the sale of a majority stake in Fondcenter AG (now Clearstream<div style="display:inline-block;width:3.81px"> </div>Fund Centre AG), of which USD </div><div id="a89447_202_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:657.15px;top:236.4px;">571</div><div id="a89447_205_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:669.919px;top:236.4px;">m </div><div id="a89452" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:246.4px;">was recognized in Asset<div style="display:inline-block;width:3.47px"> </div>Management and USD </div><div id="a89452_43_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:154.037px;top:246.4px;">60</div><div id="a89452_45_45" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:162.549px;top:246.4px;">m was recognized in Global<div style="display:inline-block;width:3.46px"> </div>Wealth Management.</div></div></div></div><div id="TextBlockContainer274" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:144px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a89494" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">The operating<div style="display:inline-block;width:6.38px"> </div>regions shown<div style="display:inline-block;width:6.23px"> </div>in the<div style="display:inline-block;width:5.45px"> </div>table below<div style="display:inline-block;width:6.13px"> </div>correspond<div style="display:inline-block;width:5.05px"> </div>to the<div style="display:inline-block;width:5.4px"> </div>regional<div style="display:inline-block;width:5.21px"> </div>management structure<div style="display:inline-block;width:5.8px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>Group. The </div><div id="a89495" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">allocation of total revenues<div style="display:inline-block;width:5.16px"> </div>to these regions reflects, and<div style="display:inline-block;width:5.01px"> </div>is consistent with, the basis<div style="display:inline-block;width:5.58px"> </div>on which the business<div style="display:inline-block;width:5.75px"> </div>is managed </div><div id="a89497" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">and its<div style="display:inline-block;width:5.03px"> </div>performance is<div style="display:inline-block;width:5.04px"> </div>evaluated. These<div style="display:inline-block;width:5.61px"> </div>allocations<div style="display:inline-block;width:5.19px"> </div>involve assumptions<div style="display:inline-block;width:5.64px"> </div>and judgments<div style="display:inline-block;width:5.69px"> </div>that management<div style="display:inline-block;width:5.35px"> </div>considers to </div><div id="a89498" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.4px;">be reasonable, and<div style="display:inline-block;width:5.34px"> </div>may be refined to reflect<div style="display:inline-block;width:5.22px"> </div>changes in estimates<div style="display:inline-block;width:5.02px"> </div>or management<div style="display:inline-block;width:5.03px"> </div>structure. The<div style="display:inline-block;width:5.02px"> </div>main principles of the </div><div id="a89499" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">allocation methodology are<div style="display:inline-block;width:2.28px"> </div>that client revenues are<div style="display:inline-block;width:1.69px"> </div>attributed to the<div style="display:inline-block;width:2.09px"> </div>domicile of the<div style="display:inline-block;width:1.93px"> </div>given client and<div style="display:inline-block;width:2.24px"> </div>trading and portfolio </div><div id="a89501" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;">management revenues<div style="display:inline-block;width:6.74px"> </div>are attributed<div style="display:inline-block;width:6.23px"> </div>to the<div style="display:inline-block;width:6.35px"> </div>country where<div style="display:inline-block;width:6.07px"> </div>the<div style="display:inline-block;width:5.25px"> </div>risk is<div style="display:inline-block;width:5.99px"> </div>managed.<div style="display:inline-block;width:5.29px"> </div>This revenue<div style="display:inline-block;width:6.21px"> </div>attribution<div style="display:inline-block;width:5.19px"> </div>is<div style="display:inline-block;width:5.15px"> </div>consistent </div><div id="a89502" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:92.3px;">with the mandate of the regional Presidents. Certain revenues,<div style="display:inline-block;width:5.43px"> </div>such as those related to Non-core and Legacy Portfolio in </div><div id="a89514" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:107.4px;">Group Functions, are<div style="display:inline-block;width:5.02px"> </div>managed at a Group level. These revenues<div style="display:inline-block;width:5.1px"> </div>are included in the </div><div id="a89516" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:481.885px;top:107.2px;">Global</div><div id="a89517" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:518.792px;top:107.4px;"><div style="display:inline-block;width:3.79px"> </div>line. </div><div id="a89520" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:130.6px;">The geographic analysis of non-current<div style="display:inline-block;width:2.14px"> </div>assets is based on<div style="display:inline-block;width:2.1px"> </div>the location of<div style="display:inline-block;width:2.24px"> </div>the entity<div style="display:inline-block;width:2.11px"> </div>in which the given assets<div style="display:inline-block;width:2.28px"> </div>are recorded.</div></div><div id="TextBlockContainer277" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:688px;height:484px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a89528" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">For the year ended 31 December<div style="display:inline-block;width:4.28px"> </div>2022 </div><div id="a89538" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:398.808px;top:15.3px;">Total revenues</div><div id="a89539" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:451.808px;top:15.9px;">1</div><div id="a89542" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.075px;top:15.3px;">Total non-current assets </div><div id="a89548" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.915px;top:31.4px;">USD bn </div><div id="a89550" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:473.555px;top:31.4px;">Share % </div><div id="a89553" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:31.4px;">USD bn </div><div id="a89555" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:31.4px;">Share %<div style="display:inline-block;width:2.93px"> </div></div><div id="a89557" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:47px;">Americas</div><div id="a89558" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:36.342px;top:47.7px;">2</div><div id="a89561_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:407.315px;top:47px;">13.8</div><div id="a89564_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:494.875px;top:47px;">40</div><div id="a89568_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:581.915px;top:47px;">8.9</div><div id="a89571_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:47px;">46</div><div id="a89574" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:63.1px;">Asia Pacific </div><div id="a89577_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.048px;top:63.1px;">5.6</div><div id="a89580_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:494.875px;top:63.1px;">16</div><div id="a89584_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:581.915px;top:63.1px;">1.5</div><div id="a89587_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:63.1px;">8</div><div id="a89590" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:79.6px;">Europe, Middle East and Africa (excluding<div style="display:inline-block;width:3.89px"> </div>Switzerland) </div><div id="a89593_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.048px;top:79.6px;">7.0</div><div id="a89596_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:494.875px;top:79.6px;">20</div><div id="a89600_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:581.915px;top:79.6px;">2.9</div><div id="a89603_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:79.6px;">15</div><div id="a89606" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:95.7px;">Switzerland </div><div id="a89609_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.048px;top:95.7px;">7.7</div><div id="a89612_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:494.875px;top:95.7px;">22</div><div id="a89616_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:581.915px;top:95.7px;">6.3</div><div id="a89619_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:95.7px;">32</div><div id="a89622" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:112.3px;">Global </div><div id="a89625_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.048px;top:112.3px;">0.5</div><div id="a89628_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:499.595px;top:112.3px;">1</div><div id="a89632_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:581.915px;top:112.3px;">0.0</div><div id="a89635_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:112.3px;">0</div><div id="a89638" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:128.4px;">Total </div><div id="a89641_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:407.315px;top:128.4px;">34.6</div><div id="a89644_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.635px;top:128.4px;">100</div><div id="a89648_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.195px;top:128.4px;">19.7</div><div id="a89651_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:128.4px;">100</div><div id="a89661" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#000000;left:3.679px;top:160.4px;">For the year ended 31 December<div style="display:inline-block;width:4.31px"> </div>2021 </div><div id="a89672" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:398.808px;top:176.2px;">Total revenues</div><div id="a89673" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:451.328px;top:176.8px;">1</div><div id="a89676" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:553.075px;top:176.2px;">Total non-current assets </div><div id="a89682" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:396.915px;top:191.8px;">USD bn </div><div id="a89684" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:473.555px;top:191.8px;">Share % </div><div id="a89687" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.782px;top:191.8px;">USD bn </div><div id="a89689" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:647.688px;top:191.8px;">Share %<div style="display:inline-block;width:2.45px"> </div></div><div id="a89691" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:207.4px;">Americas</div><div id="a89693" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:36.342px;top:208px;">2</div><div id="a89696_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:207.4px;">14.5</div><div id="a89699_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:494.875px;top:207.4px;">41</div><div id="a89703_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:207.4px;">9.0</div><div id="a89706_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.995px;top:207.4px;">44</div><div id="a89709" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:223.9px;">Asia Pacific </div><div id="a89712_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.528px;top:223.9px;">6.5</div><div id="a89715_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:494.875px;top:223.9px;">18</div><div id="a89719_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:223.9px;">1.5</div><div id="a89722_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:223.9px;">7</div><div id="a89725" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:240px;">Europe, Middle East and Africa (excluding<div style="display:inline-block;width:3.89px"> </div>Switzerland) </div><div id="a89728_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.528px;top:240px;">7.0</div><div id="a89731_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:494.875px;top:240px;">20</div><div id="a89735_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:240px;">2.9</div><div id="a89738_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.995px;top:240px;">14</div><div id="a89741" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:256.6px;">Switzerland </div><div id="a89744_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.528px;top:256.6px;">7.8</div><div id="a89747_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:494.875px;top:256.6px;">22</div><div id="a89751_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:256.6px;">7.1</div><div id="a89754_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.995px;top:256.6px;">35</div><div id="a89757" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:273.1px;">Global </div><div id="a89760_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:273.1px;display:flex;">(0.3)</div><div id="a89763_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:494.395px;top:273.1px;display:flex;">(1)</div><div id="a89767_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:273.1px;">0.0</div><div id="a89770_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:273.1px;">0</div><div id="a89773" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:289.2px;">Total </div><div id="a89776_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:289.2px;">35.4</div><div id="a89779_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:489.635px;top:289.2px;">100</div><div id="a89783_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:577.195px;top:289.2px;">20.5</div><div id="a89786_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.795px;top:289.2px;">100</div><div id="a89796" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#000000;left:3.679px;top:321.2px;">For the year ended 31 December<div style="display:inline-block;width:4.31px"> </div>2020 </div><div id="a89807" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:398.808px;top:337px;">Total revenues</div><div id="a89808" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:451.328px;top:337.7px;">1</div><div id="a89811" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:553.075px;top:337px;">Total non-current assets </div><div id="a89817" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:396.915px;top:352.6px;">USD bn </div><div id="a89819" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:473.555px;top:352.6px;">Share % </div><div id="a89822" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.782px;top:352.6px;">USD bn </div><div id="a89824" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:647.688px;top:352.6px;">Share %<div style="display:inline-block;width:2.45px"> </div></div><div id="a89826" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:368.2px;">Americas</div><div id="a89828" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:36.342px;top:368.9px;">2</div><div id="a89831_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:368.2px;">13.2</div><div id="a89834_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:494.875px;top:368.2px;">40</div><div id="a89838_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:368.2px;">9.0</div><div id="a89841_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.995px;top:368.2px;">42</div><div id="a89844" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:384.8px;">Asia Pacific </div><div id="a89847_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.528px;top:384.8px;">6.1</div><div id="a89850_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:494.875px;top:384.8px;">18</div><div id="a89854_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:384.8px;">1.5</div><div id="a89857_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:384.8px;">7</div><div id="a89860" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:400.9px;">Europe, Middle East and Africa (excluding<div style="display:inline-block;width:3.89px"> </div>Switzerland) </div><div id="a89863_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.528px;top:400.9px;">6.5</div><div id="a89866_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:494.875px;top:400.9px;">20</div><div id="a89870_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:400.9px;">3.0</div><div id="a89873_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.995px;top:400.9px;">14</div><div id="a89876" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:417.5px;">Switzerland </div><div id="a89879_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.528px;top:417.5px;">7.1</div><div id="a89882_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:494.875px;top:417.5px;">22</div><div id="a89886_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:417.5px;">7.6</div><div id="a89889_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.995px;top:417.5px;">36</div><div id="a89892" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:433.5px;">Global </div><div id="a89895_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.528px;top:433.5px;">0.1</div><div id="a89898_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:499.595px;top:433.5px;">0</div><div id="a89902_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:433.5px;">0.0</div><div id="a89905_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:433.5px;">0</div><div id="a89908" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:450.1px;">Total </div><div id="a89911_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:450.1px;">33.1</div><div id="a89914_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:489.635px;top:450.1px;">100</div><div id="a89918_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:577.195px;top:450.1px;">21.1</div><div id="a89921_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.795px;top:450.1px;">100</div><div id="a89924" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:465.6px;">1 During 2022, UBS changed<div style="display:inline-block;width:3.75px"> </div>the presentation<div style="display:inline-block;width:3.78px"> </div>of its Income statement. Total<div style="display:inline-block;width:4.57px"> </div>operating income was<div style="display:inline-block;width:3.93px"> </div>renamed Total<div style="display:inline-block;width:3.47px"> </div>revenues and excludes Credit<div style="display:inline-block;width:3.95px"> </div>loss expense<div style="display:inline-block;width:3.56px"> </div>/ (release). Note 2b,<div style="display:inline-block;width:3.98px"> </div>including prior-period<div style="display:inline-block;width:3.55px"> </div>information, </div><div id="a89929" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:475.5px;">has been updated to reflect<div style="display:inline-block;width:3.5px"> </div>the new presentation structure,<div style="display:inline-block;width:3.64px"> </div>with the disclosure<div style="display:inline-block;width:3.62px"> </div>of Total revenues<div style="display:inline-block;width:3.46px"> </div>instead of Total operating<div style="display:inline-block;width:3.94px"> </div>income. Refer to<div style="display:inline-block;width:3.47px"> </div>Note 1b for more information.<div style="display:inline-block;width:10.23px"> </div>2 Predominantly related<div style="display:inline-block;width:3.43px"> </div>to the USA.</div></div> <div id="TextBlockContainer263" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:682px;height:209px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a88466" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:23.2px;">USD m </div><div id="a88469" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:281.404px;top:11.3px;">Global Wealth </div><div id="a88470" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:284.75px;top:23.2px;">Management </div><div id="a88473" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:362.337px;top:0px;">Personal &amp; </div><div id="a88475" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:365.177px;top:11.3px;">Corporate </div><div id="a88477" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.79px;top:23.2px;">Banking </div><div id="a88480" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.31px;top:11.3px;">Asset<div style="display:inline-block;width:2.72px"> </div></div><div id="a88482" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:422.43px;top:23.2px;">Management </div><div id="a88485" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.044px;top:11.3px;">Investment </div><div id="a88486" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.324px;top:23.2px;">Bank </div><div id="a88489" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.257px;top:11.3px;">Group </div><div id="a88490" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:23.2px;">Functions </div><div id="a88493" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.937px;top:23.2px;">UBS </div><div id="a88508" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:3.181px;top:47.6px;">For the year ended 31 December<div style="display:inline-block;width:4.28px"> </div>2022 </div><div id="a88518" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:60.1px;">Net interest income </div><div id="a88521_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.23px;top:60.1px;">5,273</div><div id="a88525_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:60.1px;">2,191</div><div id="a88529_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.03px;top:60.1px;display:flex;">(19)</div><div id="a88533_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.377px;top:60.1px;display:flex;">(242)</div><div id="a88537_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.564px;top:60.1px;display:flex;">(584)</div><div id="a88541_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:654.31px;top:60.1px;">6,621</div><div id="a88544" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:73.3px;">Non-interest income </div><div id="a88549_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.497px;top:73.3px;">13,694</div><div id="a88553_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:73.3px;">2,111</div><div id="a88557_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:446.577px;top:73.3px;">2,980</div><div id="a88559" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:467.857px;top:74px;">1 </div><div id="a88562_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:73.3px;">8,958</div><div id="a88566_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.297px;top:73.3px;">199</div><div id="a88570_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:73.3px;">27,942</div><div id="a88573" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:86.1px;">Total revenues </div><div id="a88576_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.497px;top:86.1px;">18,967</div><div id="a88580_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:86.1px;">4,302</div><div id="a88584_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:86.1px;">2,961</div><div id="a88588_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:86.1px;">8,717</div><div id="a88592_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.564px;top:86.1px;display:flex;">(385)</div><div id="a88596_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:86.1px;">34,563</div><div id="a88599" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:99.3px;">Credit loss expense / (release) </div><div id="a88602_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:328.257px;top:99.3px;">0</div><div id="a88606_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.164px;top:99.3px;">39</div><div id="a88610_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.964px;top:99.3px;">0</div><div id="a88614_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.11px;top:99.3px;display:flex;">(12)</div><div id="a88618_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:602.257px;top:99.3px;">3</div><div id="a88622_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:666.604px;top:99.3px;">29</div><div id="a88625" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:112.6px;">Operating expenses </div><div id="a88628_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.497px;top:112.6px;">13,989</div><div id="a88632_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:112.6px;">2,452</div><div id="a88636_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:112.6px;">1,564</div><div id="a88640_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:112.6px;">6,832</div><div id="a88644_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.497px;top:112.6px;">92</div><div id="a88648_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:112.6px;">24,930</div><div id="a88651" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:125.9px;">Operating profit / (loss) before<div style="display:inline-block;width:3.73px"> </div>tax </div><div id="a88654_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.23px;top:125.9px;">4,977</div><div id="a88658_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:379.83px;top:125.9px;">1,812</div><div id="a88662_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.937px;top:125.9px;">1,397</div><div id="a88666_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:518.017px;top:125.9px;">1,897</div><div id="a88670_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:587.564px;top:125.9px;display:flex;">(480)</div><div id="a88674_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:654.31px;top:125.9px;">9,604</div><div id="a88677" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:139.6px;">Tax expense / (benefit) </div><div id="a88690_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:654.31px;top:139.6px;">1,942</div><div id="a88693" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:152.8px;">Net profit / (loss) </div><div id="a88707_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:654.31px;top:152.8px;">7,661</div><div id="a88723" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.181px;top:173px;">Additional information </div><div id="a88737" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:185.5px;">Total assets </div><div id="a88740_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:301.777px;top:185.5px;">388,530</div><div id="a88744_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:370.377px;top:185.5px;">235,226</div><div id="a88748_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:185.5px;">17,348</div><div id="a88752_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:508.564px;top:185.5px;">391,320</div><div id="a88756_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.47px;top:185.5px;">71,940</div><div id="a88760_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:637.724px;top:185.5px;">1,104,364</div><div id="a88763" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:198.7px;">Additions to non-current assets </div><div id="a88768_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:323.524px;top:198.7px;">42</div><div id="a88772_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.164px;top:198.7px;">13</div><div id="a88776_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.964px;top:198.7px;">1</div><div id="a88780_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.31px;top:198.7px;">34</div><div id="a88784_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.204px;top:198.7px;">1,970</div><div id="a88788_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:654.31px;top:198.7px;">2,060</div></div> 5273000000 2191000000 -19000000 -242000000 -584000000 6621000000 13694000000 2111000000 2980000000 8958000000 199000000 27942000000 18967000000 4302000000 2961000000 8717000000 -385000000 34563000000 0 39000000 0 -12000000 3000000 29000000 13989000000 2452000000 1564000000 6832000000 92000000 24930000000 4977000000 1812000000 1397000000 1897000000 -480000000 9604000000 1942000000 7661000000 388530000000 235226000000 17348000000 391320000000 71940000000 1104364000000 42000000 13000000 1000000 34000000 1970000000 2060000000 <div id="TextBlockContainer267" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:683px;height:209px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a88791" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:23.2px;">USD m </div><div id="a88794" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:282.35px;top:11.8px;">Global Wealth </div><div id="a88795" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:285.697px;top:23.2px;">Management </div><div id="a88798" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.75px;top:0px;">Personal &amp; </div><div id="a88800" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.59px;top:11.8px;">Corporate </div><div id="a88802" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:373.217px;top:23.2px;">Banking </div><div id="a88805" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:452.257px;top:11.8px;">Asset<div style="display:inline-block;width:2.72px"> </div></div><div id="a88807" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.377px;top:23.2px;">Management </div><div id="a88810" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.99px;top:11.8px;">Investment </div><div id="a88811" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:522.27px;top:23.2px;">Bank </div><div id="a88814" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.204px;top:11.8px;">Group </div><div id="a88815" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.377px;top:23.2px;">Functions </div><div id="a88818" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.87px;top:23.2px;">UBS </div><div id="a88833" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.181px;top:47.6px;">For the year ended 31 December<div style="display:inline-block;width:4.28px"> </div>2021 </div><div id="a88843" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:60.1px;">Net interest income </div><div id="a88847_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:312.177px;top:60.1px;">4,244</div><div id="a88851_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:381.257px;top:60.1px;">2,120</div><div id="a88855_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.977px;top:60.1px;display:flex;">(15)</div><div id="a88859_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:526.057px;top:60.1px;">481</div><div id="a88863_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:60.1px;display:flex;">(127)</div><div id="a88867_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.257px;top:60.1px;">6,705</div><div id="a88870" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:73.3px;">Non-interest income </div><div id="a88875_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:307.444px;top:73.3px;">15,175</div><div id="a88879_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:381.257px;top:73.3px;">2,143</div><div id="a88883_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:449.884px;top:73.3px;">2,632</div><div id="a88887_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.964px;top:73.3px;">8,972</div><div id="a88891_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:73.3px;display:flex;">(233)</div><div id="a88895_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:650.497px;top:73.3px;">28,689</div><div id="a88898" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:86.1px;">Total revenues </div><div id="a88901_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:307.444px;top:86.1px;">19,419</div><div id="a88905_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:381.257px;top:86.1px;">4,263</div><div id="a88909_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:449.884px;top:86.1px;">2,617</div><div id="a88913_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.964px;top:86.1px;">9,454</div><div id="a88917_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:86.1px;display:flex;">(359)</div><div id="a88921_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:650.497px;top:86.1px;">35,393</div><div id="a88924" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:99.3px;">Credit loss expense / (release) </div><div id="a88927_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:319.27px;top:99.3px;display:flex;">(29)</div><div id="a88931_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.35px;top:99.3px;display:flex;">(86)</div><div id="a88935_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:466.91px;top:99.3px;">1</div><div id="a88939_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:526.057px;top:99.3px;display:flex;">(34)</div><div id="a88943_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:603.204px;top:99.3px;">0</div><div id="a88947_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.617px;top:99.3px;display:flex;">(148)</div><div id="a88950" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.1px;">Operating expenses </div><div id="a88953_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:307.444px;top:113.1px;">14,665</div><div id="a88957_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:381.257px;top:113.1px;">2,618</div><div id="a88961_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:449.884px;top:113.1px;">1,586</div><div id="a88965_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.964px;top:113.1px;">6,858</div><div id="a88969_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.244px;top:113.1px;">330</div><div id="a88973_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:650.497px;top:113.1px;">26,058</div><div id="a88976" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:126.3px;">Operating profit / (loss) before<div style="display:inline-block;width:3.73px"> </div>tax </div><div id="a88979_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:312.177px;top:126.3px;">4,783</div><div id="a88983_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:381.257px;top:126.3px;">1,731</div><div id="a88987_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:449.884px;top:126.3px;">1,030</div><div id="a88991_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.964px;top:126.3px;">2,630</div><div id="a88995_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:126.3px;display:flex;">(689)</div><div id="a88999_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.257px;top:126.3px;">9,484</div><div id="a89002" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:139.6px;">Tax expense / (benefit) </div><div id="a89015_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.257px;top:139.6px;">1,998</div><div id="a89018" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:152.8px;">Net profit / (loss) </div><div id="a89031_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.257px;top:152.8px;">7,486</div><div id="a89047" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.181px;top:173px;">Additional information </div><div id="a89061" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:185.5px;">Total assets</div><div id="a89062" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:45.301px;top:186.1px;">2</div><div id="a89065_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:302.724px;top:185.5px;">395,235</div><div id="a89069_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.79px;top:185.5px;">225,370</div><div id="a89073_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:445.164px;top:185.5px;">25,639</div><div id="a89077_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.51px;top:185.5px;">346,431</div><div id="a89081_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.697px;top:185.5px;">124,507</div><div id="a89085_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:638.67px;top:185.5px;">1,117,182</div><div id="a89088" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:198.7px;">Additions to non-current assets </div><div id="a89093_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:324.47px;top:198.7px;">56</div><div id="a89097_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:393.577px;top:198.7px;">16</div><div id="a89101_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:466.91px;top:198.7px;">1</div><div id="a89105_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.257px;top:198.7px;">30</div><div id="a89109_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:586.15px;top:198.7px;">1,989</div><div id="a89113_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.257px;top:198.7px;">2,091</div></div> 4244000000 2120000000 -15000000 481000000 -127000000 6705000000 15175000000 2143000000 2632000000 8972000000 -233000000 28689000000 19419000000 4263000000 2617000000 9454000000 -359000000 35393000000 -29000000 -86000000 1000000 -34000000 0 -148000000 14665000000 2618000000 1586000000 6858000000 330000000 26058000000 4783000000 1731000000 1030000000 2630000000 -689000000 9484000000 1998000000 7486000000 395235000000 225370000000 25639000000 346431000000 124507000000 1117182000000 56000000 16000000 1000000 30000000 1989000000 2091000000 <div id="TextBlockContainer271" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:682px;height:255px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a89116" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:23.6px;">USD m </div><div id="a89119" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:281.404px;top:11.8px;">Global Wealth </div><div id="a89120" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:284.75px;top:23.6px;">Management </div><div id="a89123" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:362.337px;top:0px;">Personal &amp; </div><div id="a89125" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:365.177px;top:11.8px;">Corporate </div><div id="a89127" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.79px;top:23.6px;">Banking </div><div id="a89130" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.31px;top:11.8px;">Asset<div style="display:inline-block;width:2.72px"> </div></div><div id="a89132" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:422.43px;top:23.6px;">Management </div><div id="a89135" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.044px;top:11.8px;">Investment </div><div id="a89136" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.324px;top:23.6px;">Bank </div><div id="a89139" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.257px;top:11.8px;">Group </div><div id="a89140" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:23.6px;">Functions </div><div id="a89143" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.937px;top:23.6px;">UBS </div><div id="a89158" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.181px;top:50.9px;">For the year ended 31 December<div style="display:inline-block;width:4.28px"> </div>2020 </div><div id="a89168" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:63.4px;">Net interest income </div><div id="a89172_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.23px;top:63.4px;">4,027</div><div id="a89176_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:63.4px;">2,049</div><div id="a89180_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.03px;top:63.4px;display:flex;">(17)</div><div id="a89184_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.11px;top:63.4px;">284</div><div id="a89188_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.564px;top:63.4px;display:flex;">(481)</div><div id="a89192_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:654.31px;top:63.4px;">5,862</div><div id="a89195" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:76.6px;">Non-interest income</div><div id="a89198" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:76.545px;top:77.3px;">3 </div><div id="a89201_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.497px;top:76.6px;">13,107</div><div id="a89205_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:76.6px;">1,858</div><div id="a89209_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:76.6px;">2,993</div><div id="a89213_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:76.6px;">9,235</div><div id="a89217_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.497px;top:76.6px;">30</div><div id="a89221_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:76.6px;">27,222</div><div id="a89224" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:89.4px;">Total revenues </div><div id="a89227_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.497px;top:89.4px;">17,134</div><div id="a89231_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:89.4px;">3,908</div><div id="a89235_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:89.4px;">2,975</div><div id="a89239_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:89.4px;">9,519</div><div id="a89243_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.564px;top:89.4px;display:flex;">(452)</div><div id="a89247_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:89.4px;">33,084</div><div id="a89250" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:102.7px;">Credit loss expense / (release) </div><div id="a89253_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:323.524px;top:102.7px;">88</div><div id="a89257_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.924px;top:102.7px;">257</div><div id="a89261_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.964px;top:102.7px;">2</div><div id="a89265_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.11px;top:102.7px;">305</div><div id="a89269_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.497px;top:102.7px;">42</div><div id="a89273_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.404px;top:102.7px;">694</div><div id="a89276" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:115.9px;">Operating expenses </div><div id="a89279_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.497px;top:115.9px;">13,026</div><div id="a89283_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:115.9px;">2,392</div><div id="a89287_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:115.9px;">1,519</div><div id="a89291_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:115.9px;">6,732</div><div id="a89295_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.297px;top:115.9px;">567</div><div id="a89299_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:115.9px;">24,235</div><div id="a89302" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:129.1px;">Operating profit / (loss) before<div style="display:inline-block;width:3.73px"> </div>tax </div><div id="a89305_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.23px;top:129.1px;">4,019</div><div id="a89309_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:129.1px;">1,259</div><div id="a89313_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:129.1px;">1,455</div><div id="a89317_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:129.1px;">2,482</div><div id="a89321_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.47px;top:129.1px;display:flex;">(1,060)</div><div id="a89325_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:654.31px;top:129.1px;">8,155</div><div id="a89328" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:142.9px;">Tax expense / (benefit) </div><div id="a89341_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:654.31px;top:142.9px;">1,583</div><div id="a89344" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:156.1px;">Net profit / (loss) </div><div id="a89357_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:654.31px;top:156.1px;">6,572</div><div id="a89373" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.181px;top:176.3px;">Additional information </div><div id="a89387" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:188.7px;">Total assets </div><div id="a89390_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:301.777px;top:188.7px;">367,714</div><div id="a89394_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:370.377px;top:188.7px;">231,657</div><div id="a89398_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:188.7px;">28,589</div><div id="a89402_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:508.564px;top:188.7px;">369,683</div><div id="a89406_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.75px;top:188.7px;">128,122</div><div id="a89410_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:637.724px;top:188.7px;">1,125,765</div><div id="a89413" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:202px;">Additions to non-current assets </div><div id="a89418_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:328.257px;top:202px;">5</div><div id="a89422_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.164px;top:202px;">12</div><div id="a89426_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.03px;top:202px;">385</div><div id="a89430_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.11px;top:202px;">150</div><div id="a89434_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.204px;top:202px;">2,294</div><div id="a89438_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:654.31px;top:202px;">2,847</div><div id="a89441" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:216.1px;">1 Includes an USD </div><div id="a89441_18_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:63.24px;top:216.1px;">848</div><div id="a89441_21_185" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:76.008px;top:216.1px;">m gain in Asset<div style="display:inline-block;width:4.25px"> </div>Management related<div style="display:inline-block;width:3.49px"> </div>to the sale<div style="display:inline-block;width:3.47px"> </div>of UBS’s<div style="display:inline-block;width:3.78px"> </div>shareholding in<div style="display:inline-block;width:3.46px"> </div>Mitsubishi Corp.-UBS<div style="display:inline-block;width:4.16px"> </div>Realty Inc.<div style="display:inline-block;width:10.58px"> </div>2 During 2022,<div style="display:inline-block;width:3.85px"> </div>UBS refined<div style="display:inline-block;width:3.48px"> </div>the methodology applied<div style="display:inline-block;width:3.76px"> </div>to allocate<div style="display:inline-block;width:3.46px"> </div>balance sheet </div><div id="a89444" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:226px;">resources from Group Functions<div style="display:inline-block;width:3.48px"> </div>to the business divisions,<div style="display:inline-block;width:3.76px"> </div>with prospective effect. If the<div style="display:inline-block;width:3.65px"> </div>new methodology had been<div style="display:inline-block;width:3.47px"> </div>applied as of 31 December<div style="display:inline-block;width:3.92px"> </div>2021, balance sheet assets allocated<div style="display:inline-block;width:3.87px"> </div>to business divisions would<div style="display:inline-block;width:3.9px"> </div>have </div><div id="a89447" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:236.4px;">been USD </div><div id="a89447_9_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:35.338px;top:236.4px;">26</div><div id="a89447_11_24" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:43.851px;top:236.4px;">bn higher, of which USD </div><div id="a89447_35_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:121.407px;top:236.4px;">14</div><div id="a89447_37_55" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:129.919px;top:236.4px;">bn related to the Investment Bank.<div style="display:inline-block;width:8.19px"> </div>3 Includes a USD </div><div id="a89447_92_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:299.821px;top:236.4px;">631</div><div id="a89447_95_107" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:312.59px;top:236.4px;">m net gain on the sale of a majority stake in Fondcenter AG (now Clearstream<div style="display:inline-block;width:3.81px"> </div>Fund Centre AG), of which USD </div><div id="a89447_202_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:657.15px;top:236.4px;">571</div><div id="a89447_205_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:669.919px;top:236.4px;">m </div><div id="a89452" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:246.4px;">was recognized in Asset<div style="display:inline-block;width:3.47px"> </div>Management and USD </div><div id="a89452_43_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:154.037px;top:246.4px;">60</div><div id="a89452_45_45" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:162.549px;top:246.4px;">m was recognized in Global<div style="display:inline-block;width:3.46px"> </div>Wealth Management.</div></div> 4027000000 2049000000 -17000000 284000000 -481000000 5862000000 13107000000 1858000000 2993000000 9235000000 30000000 27222000000 17134000000 3908000000 2975000000 9519000000 -452000000 33084000000 88000000 257000000 2000000 305000000 42000000 694000000 13026000000 2392000000 1519000000 6732000000 567000000 24235000000 4019000000 1259000000 1455000000 2482000000 -1060000000 8155000000 1583000000 6572000000 367714000000 231657000000 28589000000 369683000000 128122000000 1125765000000 5000000 12000000 385000000 150000000 2294000000 2847000000 848000000 26000000000 14000000000 631000000 571000000 60000000 <div id="TextBlockContainer278" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:688px;height:484px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_276_XBRL_TS_696f550705d64dd8a73878531c88d253" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer277" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:688px;height:484px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a89528" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">For the year ended 31 December<div style="display:inline-block;width:4.28px"> </div>2022 </div><div id="a89538" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:398.808px;top:15.3px;">Total revenues</div><div id="a89539" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:451.808px;top:15.9px;">1</div><div id="a89542" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.075px;top:15.3px;">Total non-current assets </div><div id="a89548" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.915px;top:31.4px;">USD bn </div><div id="a89550" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:473.555px;top:31.4px;">Share % </div><div id="a89553" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:31.4px;">USD bn </div><div id="a89555" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:31.4px;">Share %<div style="display:inline-block;width:2.93px"> </div></div><div id="a89557" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:47px;">Americas</div><div id="a89558" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:36.342px;top:47.7px;">2</div><div id="a89561_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:407.315px;top:47px;">13.8</div><div id="a89564_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:494.875px;top:47px;">40</div><div id="a89568_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:581.915px;top:47px;">8.9</div><div id="a89571_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:47px;">46</div><div id="a89574" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:63.1px;">Asia Pacific </div><div id="a89577_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.048px;top:63.1px;">5.6</div><div id="a89580_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:494.875px;top:63.1px;">16</div><div id="a89584_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:581.915px;top:63.1px;">1.5</div><div id="a89587_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:63.1px;">8</div><div id="a89590" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:79.6px;">Europe, Middle East and Africa (excluding<div style="display:inline-block;width:3.89px"> </div>Switzerland) </div><div id="a89593_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.048px;top:79.6px;">7.0</div><div id="a89596_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:494.875px;top:79.6px;">20</div><div id="a89600_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:581.915px;top:79.6px;">2.9</div><div id="a89603_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:79.6px;">15</div><div id="a89606" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:95.7px;">Switzerland </div><div id="a89609_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.048px;top:95.7px;">7.7</div><div id="a89612_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:494.875px;top:95.7px;">22</div><div id="a89616_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:581.915px;top:95.7px;">6.3</div><div id="a89619_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:95.7px;">32</div><div id="a89622" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:112.3px;">Global </div><div id="a89625_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.048px;top:112.3px;">0.5</div><div id="a89628_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:499.595px;top:112.3px;">1</div><div id="a89632_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:581.915px;top:112.3px;">0.0</div><div id="a89635_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:112.3px;">0</div><div id="a89638" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:128.4px;">Total </div><div id="a89641_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:407.315px;top:128.4px;">34.6</div><div id="a89644_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.635px;top:128.4px;">100</div><div id="a89648_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.195px;top:128.4px;">19.7</div><div id="a89651_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:128.4px;">100</div><div id="a89661" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#000000;left:3.679px;top:160.4px;">For the year ended 31 December<div style="display:inline-block;width:4.31px"> </div>2021 </div><div id="a89672" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:398.808px;top:176.2px;">Total revenues</div><div id="a89673" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:451.328px;top:176.8px;">1</div><div id="a89676" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:553.075px;top:176.2px;">Total non-current assets </div><div id="a89682" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:396.915px;top:191.8px;">USD bn </div><div id="a89684" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:473.555px;top:191.8px;">Share % </div><div id="a89687" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.782px;top:191.8px;">USD bn </div><div id="a89689" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:647.688px;top:191.8px;">Share %<div style="display:inline-block;width:2.45px"> </div></div><div id="a89691" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:207.4px;">Americas</div><div id="a89693" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:36.342px;top:208px;">2</div><div id="a89696_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:207.4px;">14.5</div><div id="a89699_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:494.875px;top:207.4px;">41</div><div id="a89703_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:207.4px;">9.0</div><div id="a89706_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.995px;top:207.4px;">44</div><div id="a89709" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:223.9px;">Asia Pacific </div><div id="a89712_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.528px;top:223.9px;">6.5</div><div id="a89715_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:494.875px;top:223.9px;">18</div><div id="a89719_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:223.9px;">1.5</div><div id="a89722_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:223.9px;">7</div><div id="a89725" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:240px;">Europe, Middle East and Africa (excluding<div style="display:inline-block;width:3.89px"> </div>Switzerland) </div><div id="a89728_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.528px;top:240px;">7.0</div><div id="a89731_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:494.875px;top:240px;">20</div><div id="a89735_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:240px;">2.9</div><div id="a89738_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.995px;top:240px;">14</div><div id="a89741" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:256.6px;">Switzerland </div><div id="a89744_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.528px;top:256.6px;">7.8</div><div id="a89747_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:494.875px;top:256.6px;">22</div><div id="a89751_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:256.6px;">7.1</div><div id="a89754_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.995px;top:256.6px;">35</div><div id="a89757" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:273.1px;">Global </div><div id="a89760_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:273.1px;display:flex;">(0.3)</div><div id="a89763_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:494.395px;top:273.1px;display:flex;">(1)</div><div id="a89767_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:273.1px;">0.0</div><div id="a89770_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:273.1px;">0</div><div id="a89773" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:289.2px;">Total </div><div id="a89776_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:289.2px;">35.4</div><div id="a89779_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:489.635px;top:289.2px;">100</div><div id="a89783_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:577.195px;top:289.2px;">20.5</div><div id="a89786_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.795px;top:289.2px;">100</div><div id="a89796" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#000000;left:3.679px;top:321.2px;">For the year ended 31 December<div style="display:inline-block;width:4.31px"> </div>2020 </div><div id="a89807" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:398.808px;top:337px;">Total revenues</div><div id="a89808" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:451.328px;top:337.7px;">1</div><div id="a89811" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:553.075px;top:337px;">Total non-current assets </div><div id="a89817" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:396.915px;top:352.6px;">USD bn </div><div id="a89819" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:473.555px;top:352.6px;">Share % </div><div id="a89822" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.782px;top:352.6px;">USD bn </div><div id="a89824" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:647.688px;top:352.6px;">Share %<div style="display:inline-block;width:2.45px"> </div></div><div id="a89826" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:368.2px;">Americas</div><div id="a89828" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:36.342px;top:368.9px;">2</div><div id="a89831_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:368.2px;">13.2</div><div id="a89834_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:494.875px;top:368.2px;">40</div><div id="a89838_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:368.2px;">9.0</div><div id="a89841_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.995px;top:368.2px;">42</div><div id="a89844" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:384.8px;">Asia Pacific </div><div id="a89847_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.528px;top:384.8px;">6.1</div><div id="a89850_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:494.875px;top:384.8px;">18</div><div id="a89854_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:384.8px;">1.5</div><div id="a89857_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:384.8px;">7</div><div id="a89860" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:400.9px;">Europe, Middle East and Africa (excluding<div style="display:inline-block;width:3.89px"> </div>Switzerland) </div><div id="a89863_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.528px;top:400.9px;">6.5</div><div id="a89866_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:494.875px;top:400.9px;">20</div><div id="a89870_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:400.9px;">3.0</div><div id="a89873_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.995px;top:400.9px;">14</div><div id="a89876" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:417.5px;">Switzerland </div><div id="a89879_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.528px;top:417.5px;">7.1</div><div id="a89882_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:494.875px;top:417.5px;">22</div><div id="a89886_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:417.5px;">7.6</div><div id="a89889_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.995px;top:417.5px;">36</div><div id="a89892" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:433.5px;">Global </div><div id="a89895_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.528px;top:433.5px;">0.1</div><div id="a89898_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:499.595px;top:433.5px;">0</div><div id="a89902_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:433.5px;">0.0</div><div id="a89905_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:433.5px;">0</div><div id="a89908" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:450.1px;">Total </div><div id="a89911_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:450.1px;">33.1</div><div id="a89914_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:489.635px;top:450.1px;">100</div><div id="a89918_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:577.195px;top:450.1px;">21.1</div><div id="a89921_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.795px;top:450.1px;">100</div><div id="a89924" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:465.6px;">1 During 2022, UBS changed<div style="display:inline-block;width:3.75px"> </div>the presentation<div style="display:inline-block;width:3.78px"> </div>of its Income statement. Total<div style="display:inline-block;width:4.57px"> </div>operating income was<div style="display:inline-block;width:3.93px"> </div>renamed Total<div style="display:inline-block;width:3.47px"> </div>revenues and excludes Credit<div style="display:inline-block;width:3.95px"> </div>loss expense<div style="display:inline-block;width:3.56px"> </div>/ (release). Note 2b,<div style="display:inline-block;width:3.98px"> </div>including prior-period<div style="display:inline-block;width:3.55px"> </div>information, </div><div id="a89929" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:475.5px;">has been updated to reflect<div style="display:inline-block;width:3.5px"> </div>the new presentation structure,<div style="display:inline-block;width:3.64px"> </div>with the disclosure<div style="display:inline-block;width:3.62px"> </div>of Total revenues<div style="display:inline-block;width:3.46px"> </div>instead of Total operating<div style="display:inline-block;width:3.94px"> </div>income. Refer to<div style="display:inline-block;width:3.47px"> </div>Note 1b for more information.<div style="display:inline-block;width:10.23px"> </div>2 Predominantly related<div style="display:inline-block;width:3.43px"> </div>to the USA.</div></div></div></div> 13800000000 0.40 8900000000 0.46 5600000000 0.16 1500000000 0.08 7000000000.0 0.20 2900000000 0.15 7700000000 0.22 6300000000 0.32 500000000 0.01 0.0 0 34600000000 1 19700000000 1 14500000000 0.41 9000000000.0 0.44 6500000000 0.18 1500000000 0.07 7000000000.0 0.20 2900000000 0.14 7800000000 0.22 7100000000 0.35 -300000000 -0.01 0.0 0 35400000000 1 20500000000 1 13200000000 0.40 9000000000.0 0.42 6100000000 0.18 1500000000 0.07 6500000000 0.20 3000000000.0 0.14 7100000000 0.22 7600000000 0.36 100000000 0 0.0 0 33100000000 1 21100000000 1 <div id="TextBlockContainer280" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:680px;height:29px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a89970" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 3<div style="display:inline-block;width:7.06px"> </div>Net interest<div style="display:inline-block;width:2.31px"> </div>income and other net<div style="display:inline-block;width:1.82px"> </div>income from financial<div style="display:inline-block;width:2.01px"> </div>instruments measured<div style="display:inline-block;width:1.9px"> </div>at fair value through </div><div id="a89973" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:15.6px;">profit or loss</div></div><div id="TextBlockContainer283" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:367px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a89977" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:555.404px;top:0px;">For the year ended </div><div id="a89979" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:12.8px;">USD m </div><div id="a89982" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:523.697px;top:12.8px;">31.12.22 </div><div id="a89984" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.79px;top:12.8px;">31.12.21 </div><div id="a89986" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:643.87px;top:12.8px;">31.12.20 </div><div id="a89988" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:25.5px;">Net interest income from financial instruments measured<div style="display:inline-block;width:3.83px"> </div>at fair value through profit or<div style="display:inline-block;width:3.86px"> </div>loss and other </div><div id="a89991_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.51px;top:25.5px;">1,403</div><div id="a89994_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:25.5px;">1,431</div><div id="a89997_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.724px;top:25.5px;">1,299</div><div id="a90000" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:38.8px;">Other net income from financial instruments measured<div style="display:inline-block;width:3.73px"> </div>at fair value through profit or<div style="display:inline-block;width:3.86px"> </div>loss </div><div id="a90004_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.51px;top:38.8px;">7,517</div><div id="a90007_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:38.8px;">5,850</div><div id="a90010_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.724px;top:38.8px;">6,960</div><div id="a90013" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:52.1px;">of which: net gains / (losses) from financial liabilities designated<div style="display:inline-block;width:3.83px"> </div>at fair value</div><div id="a90014" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:289.484px;top:52.7px;">1</div><div id="a90017_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:530.79px;top:52.1px;">17,037</div><div id="a90020_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:590.404px;top:52.1px;display:flex;">(6,582)</div><div id="a90023_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:655.724px;top:52.1px;">1,509</div><div id="a90026" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:64.8px;">Total net income from<div style="display:inline-block;width:3.72px"> </div>financial instruments measured at fair value<div style="display:inline-block;width:4.02px"> </div>through profit or loss and other </div><div id="a90030" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.51px;top:64.8px;">8,920</div><div id="a90032" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:64.8px;">7,281</div><div id="a90034" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.724px;top:64.8px;">8,259</div><div id="a90041" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:3.181px;top:90.2px;">Net interest income </div><div id="a90047" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:103.1px;">Interest income from loans and deposits</div><div id="a90048" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:147.99px;top:103.8px;">2</div><div id="a90051_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.51px;top:103.1px;">9,612</div><div id="a90054_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:103.1px;">6,488</div><div id="a90057_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.724px;top:103.1px;">6,690</div><div id="a90060" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:116.4px;">Interest income from securities financing transactions<div style="display:inline-block;width:3.96px"> </div>measured at amortized cost </div><div id="a90061" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:301.297px;top:117px;">3</div><div id="a90064_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.51px;top:116.4px;">1,378</div><div id="a90067_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:602.737px;top:116.4px;">513</div><div id="a90070_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.817px;top:116.4px;">862</div><div id="a90073" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:129.6px;">Interest income from other financial instruments measured<div style="display:inline-block;width:3.77px"> </div>at amortized cost </div><div id="a90076_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:542.604px;top:129.6px;">545</div><div id="a90079_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:602.737px;top:129.6px;">284</div><div id="a90082_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.817px;top:129.6px;">335</div><div id="a90085" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:142.9px;">Interest income from debt instruments measured at fair<div style="display:inline-block;width:3.83px"> </div>value through other comprehensive<div style="display:inline-block;width:3.75px"> </div>income </div><div id="a90089_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:547.844px;top:142.9px;">74</div><div id="a90092_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:602.737px;top:142.9px;">115</div><div id="a90095_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.817px;top:142.9px;">101</div><div id="a90098" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:156.6px;">Interest income from derivative instruments designated as<div style="display:inline-block;width:3.77px"> </div>cash flow hedges<div style="display:inline-block;width:3.6px"> </div></div><div id="a90101_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:542.604px;top:156.6px;">173</div><div id="a90104_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:156.6px;">1,133</div><div id="a90107_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.817px;top:156.6px;">822</div><div id="a90110" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:169.4px;">Total interest income<div style="display:inline-block;width:3.78px"> </div>from financial instruments measured at<div style="display:inline-block;width:3.72px"> </div>amortized cost and fair value through<div style="display:inline-block;width:4.11px"> </div>other comprehensive income </div><div id="a90114_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:530.79px;top:169.4px;">11,782</div><div id="a90117_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:169.4px;">8,533</div><div id="a90120_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.724px;top:169.4px;">8,810</div><div id="a90123" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:181.7px;">Interest expense on loans and deposits</div><div id="a90124" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:143.724px;top:182.3px;">4</div><div id="a90127_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.51px;top:181.7px;">2,579</div><div id="a90130_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:602.737px;top:181.7px;">523</div><div id="a90133_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.724px;top:181.7px;">1,031</div><div id="a90136" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:194.9px;">Interest expense on securities financing transactions<div style="display:inline-block;width:3.95px"> </div>measured at amortized cost </div><div id="a90137" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:297.044px;top:195.6px;">5</div><div id="a90140_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.51px;top:194.9px;">1,089</div><div id="a90143_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:194.9px;">1,102</div><div id="a90146_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.817px;top:194.9px;">870</div><div id="a90149" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:208.7px;">Interest expense on debt issued </div><div id="a90152_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.51px;top:208.7px;">2,803</div><div id="a90155_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:208.7px;">1,533</div><div id="a90158_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.724px;top:208.7px;">2,237</div><div id="a90161" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:221.9px;">Interest expense on lease liabilities </div><div id="a90164_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:547.844px;top:221.9px;">92</div><div id="a90167_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:602.737px;top:221.9px;">102</div><div id="a90170_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.817px;top:221.9px;">110</div><div id="a90173" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:234.7px;">Total interest expense<div style="display:inline-block;width:3.8px"> </div>from financial instruments measured at<div style="display:inline-block;width:3.79px"> </div>amortized cost </div><div id="a90177_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.51px;top:234.7px;">6,564</div><div id="a90180_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:234.7px;">3,259</div><div id="a90183_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.724px;top:234.7px;">4,247</div><div id="a90186" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:247.4px;">Total net interest income<div style="display:inline-block;width:4.02px"> </div>from financial instruments measured at amortized<div style="display:inline-block;width:3.81px"> </div>cost and fair value through<div style="display:inline-block;width:3.9px"> </div>other comprehensive income </div><div id="a90190_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.51px;top:247.4px;">5,218</div><div id="a90193_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:247.4px;">5,274</div><div id="a90196_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.724px;top:247.4px;">4,563</div><div id="a90199" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:260.7px;">Total net interest income<div style="display:inline-block;width:4.08px"> </div>from financial instruments measured at<div style="display:inline-block;width:3.74px"> </div>fair value through profit or loss and other </div><div id="a90203_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.51px;top:260.7px;">1,403</div><div id="a90206_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:260.7px;">1,431</div><div id="a90209_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.724px;top:260.7px;">1,299</div><div id="a90212" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:273.9px;">Total net interest income </div><div id="a90215_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.51px;top:273.9px;">6,621</div><div id="a90218_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:273.9px;">6,705</div><div id="a90221_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.724px;top:273.9px;">5,862</div><div id="a90224" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:287.5px;">1 Excludes fair value changes of hedges related to financial<div style="display:inline-block;width:4.16px"> </div>liabilities designated at fair value and foreign<div style="display:inline-block;width:3.64px"> </div>currency translation effects<div style="display:inline-block;width:3.55px"> </div>arising from translating foreign currency<div style="display:inline-block;width:3.95px"> </div>transactions into the respective functional </div><div id="a90226" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:297.9px;">currency, both of which are reported within Other<div style="display:inline-block;width:3.78px"> </div>net income from financial instruments measured at fair value<div style="display:inline-block;width:3.47px"> </div>through profit or loss. 2022<div style="display:inline-block;width:3.66px"> </div>included net gains of USD </div><div id="a90226_166_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:522.241px;top:297.9px;">4,112</div><div id="a90226_171_21" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:541.157px;top:297.9px;">m (net losses of USD </div><div id="a90226_192_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:606.891px;top:297.9px;">2,068</div><div id="a90226_197_10" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:625.807px;top:297.9px;">m and USD </div><div id="a90226_207_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:662.817px;top:297.9px;">72</div><div id="a90226_209_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:671.329px;top:297.9px;">m </div><div id="a90231" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:307.9px;">in 2021 and 2020,<div style="display:inline-block;width:4.22px"> </div>respectively), driven<div style="display:inline-block;width:3.93px"> </div>by financial liabilities<div style="display:inline-block;width:4.26px"> </div>related to unit-linked<div style="display:inline-block;width:4.11px"> </div>investment contracts,<div style="display:inline-block;width:4.56px"> </div>which are<div style="display:inline-block;width:3.48px"> </div>designated at fair<div style="display:inline-block;width:3.49px"> </div>value through<div style="display:inline-block;width:4.08px"> </div>profit or loss.<div style="display:inline-block;width:3.61px"> </div>This was<div style="display:inline-block;width:3.63px"> </div>offset by net<div style="display:inline-block;width:3.64px"> </div>losses of USD </div><div id="a90231_206_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:637.257px;top:307.9px;">4,112</div><div id="a90231_211_7" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:656.646px;top:307.9px;">m (net </div><div id="a90236" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:318.3px;">gains of USD </div><div id="a90236_13_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:46.688px;top:318.3px;">2,068</div><div id="a90236_18_10" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:65.604px;top:318.3px;">m and<div style="display:inline-block;width:3.63px"> </div>USD </div><div id="a90236_28_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:104.382px;top:318.3px;">72</div><div id="a90236_30_180" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:112.895px;top:318.3px;">m in 2021<div style="display:inline-block;width:3.99px"> </div>and 2020, respectively),<div style="display:inline-block;width:4.95px"> </div>related to financial<div style="display:inline-block;width:4.58px"> </div>assets for unit-linked<div style="display:inline-block;width:5.12px"> </div>investment contracts<div style="display:inline-block;width:4.39px"> </div>that are<div style="display:inline-block;width:3.64px"> </div>mandatorily<div style="display:inline-block;width:3.62px"> </div>measured at fair<div style="display:inline-block;width:3.96px"> </div>value through<div style="display:inline-block;width:4.08px"> </div>profit or loss<div style="display:inline-block;width:3.92px"> </div>not held for </div><div id="a90240" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:328.2px;">trading.<div style="display:inline-block;width:8.2px"> </div>2 Consists of interest income<div style="display:inline-block;width:3.46px"> </div>from cash and balances at central<div style="display:inline-block;width:3.82px"> </div>banks, loans and advances<div style="display:inline-block;width:3.49px"> </div>to banks and customers,<div style="display:inline-block;width:3.89px"> </div>and cash collateral receivables<div style="display:inline-block;width:3.95px"> </div>on derivative instruments,<div style="display:inline-block;width:3.82px"> </div>as well as negative interest on </div><div id="a90245" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:338.1px;">amounts due to banks, customer deposits, and cash collateral payables on derivative instruments.<div style="display:inline-block;width:8.82px"> </div>3 Includes negative interest, including fees, on payables from<div style="display:inline-block;width:3.45px"> </div>securities financing transactions measured at amortized </div><div id="a90248" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:348.6px;">cost.<div style="display:inline-block;width:9.14px"> </div>4 Consists of interest<div style="display:inline-block;width:3.63px"> </div>expense on amounts<div style="display:inline-block;width:4.25px"> </div>due to banks,<div style="display:inline-block;width:3.48px"> </div>cash collateral<div style="display:inline-block;width:3.78px"> </div>payables on<div style="display:inline-block;width:3.47px"> </div>derivative instruments,<div style="display:inline-block;width:3.76px"> </div>and customer<div style="display:inline-block;width:3.72px"> </div>deposits, as well<div style="display:inline-block;width:4.1px"> </div>as negative interest<div style="display:inline-block;width:3.63px"> </div>on cash and balances<div style="display:inline-block;width:3.97px"> </div>at central banks,<div style="display:inline-block;width:3.81px"> </div>loans </div><div id="a90250" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:358.5px;">and advances to banks,<div style="display:inline-block;width:3.7px"> </div>and cash collateral receivables<div style="display:inline-block;width:3.95px"> </div>on derivative instruments.<div style="display:inline-block;width:10.37px"> </div>5 Includes negative interest,<div style="display:inline-block;width:3.49px"> </div>including fees,<div style="display:inline-block;width:3.48px"> </div>on receivables from<div style="display:inline-block;width:3.52px"> </div>securities financing transactions<div style="display:inline-block;width:3.94px"> </div>measured at amortized cost.</div></div> <div id="TextBlockContainer284" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:367px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_282_XBRL_TS_314ca9f9ee304460b56b0e1bd1ba0c2f" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer283" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:367px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a89977" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:555.404px;top:0px;">For the year ended </div><div id="a89979" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:12.8px;">USD m </div><div id="a89982" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:523.697px;top:12.8px;">31.12.22 </div><div id="a89984" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.79px;top:12.8px;">31.12.21 </div><div id="a89986" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:643.87px;top:12.8px;">31.12.20 </div><div id="a89988" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:25.5px;">Net interest income from financial instruments measured<div style="display:inline-block;width:3.83px"> </div>at fair value through profit or<div style="display:inline-block;width:3.86px"> </div>loss and other </div><div id="a89991_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.51px;top:25.5px;">1,403</div><div id="a89994_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:25.5px;">1,431</div><div id="a89997_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.724px;top:25.5px;">1,299</div><div id="a90000" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:38.8px;">Other net income from financial instruments measured<div style="display:inline-block;width:3.73px"> </div>at fair value through profit or<div style="display:inline-block;width:3.86px"> </div>loss </div><div id="a90004_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.51px;top:38.8px;">7,517</div><div id="a90007_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:38.8px;">5,850</div><div id="a90010_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.724px;top:38.8px;">6,960</div><div id="a90013" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:52.1px;">of which: net gains / (losses) from financial liabilities designated<div style="display:inline-block;width:3.83px"> </div>at fair value</div><div id="a90014" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:289.484px;top:52.7px;">1</div><div id="a90017_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:530.79px;top:52.1px;">17,037</div><div id="a90020_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:590.404px;top:52.1px;display:flex;">(6,582)</div><div id="a90023_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:655.724px;top:52.1px;">1,509</div><div id="a90026" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:64.8px;">Total net income from<div style="display:inline-block;width:3.72px"> </div>financial instruments measured at fair value<div style="display:inline-block;width:4.02px"> </div>through profit or loss and other </div><div id="a90030" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.51px;top:64.8px;">8,920</div><div id="a90032" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:64.8px;">7,281</div><div id="a90034" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.724px;top:64.8px;">8,259</div><div id="a90041" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:3.181px;top:90.2px;">Net interest income </div><div id="a90047" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:103.1px;">Interest income from loans and deposits</div><div id="a90048" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:147.99px;top:103.8px;">2</div><div id="a90051_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.51px;top:103.1px;">9,612</div><div id="a90054_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:103.1px;">6,488</div><div id="a90057_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.724px;top:103.1px;">6,690</div><div id="a90060" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:116.4px;">Interest income from securities financing transactions<div style="display:inline-block;width:3.96px"> </div>measured at amortized cost </div><div id="a90061" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:301.297px;top:117px;">3</div><div id="a90064_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.51px;top:116.4px;">1,378</div><div id="a90067_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:602.737px;top:116.4px;">513</div><div id="a90070_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.817px;top:116.4px;">862</div><div id="a90073" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:129.6px;">Interest income from other financial instruments measured<div style="display:inline-block;width:3.77px"> </div>at amortized cost </div><div id="a90076_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:542.604px;top:129.6px;">545</div><div id="a90079_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:602.737px;top:129.6px;">284</div><div id="a90082_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.817px;top:129.6px;">335</div><div id="a90085" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:142.9px;">Interest income from debt instruments measured at fair<div style="display:inline-block;width:3.83px"> </div>value through other comprehensive<div style="display:inline-block;width:3.75px"> </div>income </div><div id="a90089_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:547.844px;top:142.9px;">74</div><div id="a90092_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:602.737px;top:142.9px;">115</div><div id="a90095_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.817px;top:142.9px;">101</div><div id="a90098" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:156.6px;">Interest income from derivative instruments designated as<div style="display:inline-block;width:3.77px"> </div>cash flow hedges<div style="display:inline-block;width:3.6px"> </div></div><div id="a90101_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:542.604px;top:156.6px;">173</div><div id="a90104_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:156.6px;">1,133</div><div id="a90107_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.817px;top:156.6px;">822</div><div id="a90110" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:169.4px;">Total interest income<div style="display:inline-block;width:3.78px"> </div>from financial instruments measured at<div style="display:inline-block;width:3.72px"> </div>amortized cost and fair value through<div style="display:inline-block;width:4.11px"> </div>other comprehensive income </div><div id="a90114_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:530.79px;top:169.4px;">11,782</div><div id="a90117_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:169.4px;">8,533</div><div id="a90120_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.724px;top:169.4px;">8,810</div><div id="a90123" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:181.7px;">Interest expense on loans and deposits</div><div id="a90124" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:143.724px;top:182.3px;">4</div><div id="a90127_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.51px;top:181.7px;">2,579</div><div id="a90130_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:602.737px;top:181.7px;">523</div><div id="a90133_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.724px;top:181.7px;">1,031</div><div id="a90136" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:194.9px;">Interest expense on securities financing transactions<div style="display:inline-block;width:3.95px"> </div>measured at amortized cost </div><div id="a90137" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:297.044px;top:195.6px;">5</div><div id="a90140_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.51px;top:194.9px;">1,089</div><div id="a90143_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:194.9px;">1,102</div><div id="a90146_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.817px;top:194.9px;">870</div><div id="a90149" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:208.7px;">Interest expense on debt issued </div><div id="a90152_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.51px;top:208.7px;">2,803</div><div id="a90155_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:208.7px;">1,533</div><div id="a90158_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.724px;top:208.7px;">2,237</div><div id="a90161" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:221.9px;">Interest expense on lease liabilities </div><div id="a90164_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:547.844px;top:221.9px;">92</div><div id="a90167_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:602.737px;top:221.9px;">102</div><div id="a90170_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.817px;top:221.9px;">110</div><div id="a90173" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:234.7px;">Total interest expense<div style="display:inline-block;width:3.8px"> </div>from financial instruments measured at<div style="display:inline-block;width:3.79px"> </div>amortized cost </div><div id="a90177_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.51px;top:234.7px;">6,564</div><div id="a90180_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:234.7px;">3,259</div><div id="a90183_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.724px;top:234.7px;">4,247</div><div id="a90186" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:247.4px;">Total net interest income<div style="display:inline-block;width:4.02px"> </div>from financial instruments measured at amortized<div style="display:inline-block;width:3.81px"> </div>cost and fair value through<div style="display:inline-block;width:3.9px"> </div>other comprehensive income </div><div id="a90190_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.51px;top:247.4px;">5,218</div><div id="a90193_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:247.4px;">5,274</div><div id="a90196_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.724px;top:247.4px;">4,563</div><div id="a90199" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:260.7px;">Total net interest income<div style="display:inline-block;width:4.08px"> </div>from financial instruments measured at<div style="display:inline-block;width:3.74px"> </div>fair value through profit or loss and other </div><div id="a90203_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.51px;top:260.7px;">1,403</div><div id="a90206_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:260.7px;">1,431</div><div id="a90209_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.724px;top:260.7px;">1,299</div><div id="a90212" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:273.9px;">Total net interest income </div><div id="a90215_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.51px;top:273.9px;">6,621</div><div id="a90218_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:273.9px;">6,705</div><div id="a90221_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.724px;top:273.9px;">5,862</div><div id="a90224" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:287.5px;">1 Excludes fair value changes of hedges related to financial<div style="display:inline-block;width:4.16px"> </div>liabilities designated at fair value and foreign<div style="display:inline-block;width:3.64px"> </div>currency translation effects<div style="display:inline-block;width:3.55px"> </div>arising from translating foreign currency<div style="display:inline-block;width:3.95px"> </div>transactions into the respective functional </div><div id="a90226" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:297.9px;">currency, both of which are reported within Other<div style="display:inline-block;width:3.78px"> </div>net income from financial instruments measured at fair value<div style="display:inline-block;width:3.47px"> </div>through profit or loss. 2022<div style="display:inline-block;width:3.66px"> </div>included net gains of USD </div><div id="a90226_166_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:522.241px;top:297.9px;">4,112</div><div id="a90226_171_21" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:541.157px;top:297.9px;">m (net losses of USD </div><div id="a90226_192_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:606.891px;top:297.9px;">2,068</div><div id="a90226_197_10" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:625.807px;top:297.9px;">m and USD </div><div id="a90226_207_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:662.817px;top:297.9px;">72</div><div id="a90226_209_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:671.329px;top:297.9px;">m </div><div id="a90231" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:307.9px;">in 2021 and 2020,<div style="display:inline-block;width:4.22px"> </div>respectively), driven<div style="display:inline-block;width:3.93px"> </div>by financial liabilities<div style="display:inline-block;width:4.26px"> </div>related to unit-linked<div style="display:inline-block;width:4.11px"> </div>investment contracts,<div style="display:inline-block;width:4.56px"> </div>which are<div style="display:inline-block;width:3.48px"> </div>designated at fair<div style="display:inline-block;width:3.49px"> </div>value through<div style="display:inline-block;width:4.08px"> </div>profit or loss.<div style="display:inline-block;width:3.61px"> </div>This was<div style="display:inline-block;width:3.63px"> </div>offset by net<div style="display:inline-block;width:3.64px"> </div>losses of USD </div><div id="a90231_206_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:637.257px;top:307.9px;">4,112</div><div id="a90231_211_7" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:656.646px;top:307.9px;">m (net </div><div id="a90236" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:318.3px;">gains of USD </div><div id="a90236_13_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:46.688px;top:318.3px;">2,068</div><div id="a90236_18_10" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:65.604px;top:318.3px;">m and<div style="display:inline-block;width:3.63px"> </div>USD </div><div id="a90236_28_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:104.382px;top:318.3px;">72</div><div id="a90236_30_180" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:112.895px;top:318.3px;">m in 2021<div style="display:inline-block;width:3.99px"> </div>and 2020, respectively),<div style="display:inline-block;width:4.95px"> </div>related to financial<div style="display:inline-block;width:4.58px"> </div>assets for unit-linked<div style="display:inline-block;width:5.12px"> </div>investment contracts<div style="display:inline-block;width:4.39px"> </div>that are<div style="display:inline-block;width:3.64px"> </div>mandatorily<div style="display:inline-block;width:3.62px"> </div>measured at fair<div style="display:inline-block;width:3.96px"> </div>value through<div style="display:inline-block;width:4.08px"> </div>profit or loss<div style="display:inline-block;width:3.92px"> </div>not held for </div><div id="a90240" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:328.2px;">trading.<div style="display:inline-block;width:8.2px"> </div>2 Consists of interest income<div style="display:inline-block;width:3.46px"> </div>from cash and balances at central<div style="display:inline-block;width:3.82px"> </div>banks, loans and advances<div style="display:inline-block;width:3.49px"> </div>to banks and customers,<div style="display:inline-block;width:3.89px"> </div>and cash collateral receivables<div style="display:inline-block;width:3.95px"> </div>on derivative instruments,<div style="display:inline-block;width:3.82px"> </div>as well as negative interest on </div><div id="a90245" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:338.1px;">amounts due to banks, customer deposits, and cash collateral payables on derivative instruments.<div style="display:inline-block;width:8.82px"> </div>3 Includes negative interest, including fees, on payables from<div style="display:inline-block;width:3.45px"> </div>securities financing transactions measured at amortized </div><div id="a90248" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:348.6px;">cost.<div style="display:inline-block;width:9.14px"> </div>4 Consists of interest<div style="display:inline-block;width:3.63px"> </div>expense on amounts<div style="display:inline-block;width:4.25px"> </div>due to banks,<div style="display:inline-block;width:3.48px"> </div>cash collateral<div style="display:inline-block;width:3.78px"> </div>payables on<div style="display:inline-block;width:3.47px"> </div>derivative instruments,<div style="display:inline-block;width:3.76px"> </div>and customer<div style="display:inline-block;width:3.72px"> </div>deposits, as well<div style="display:inline-block;width:4.1px"> </div>as negative interest<div style="display:inline-block;width:3.63px"> </div>on cash and balances<div style="display:inline-block;width:3.97px"> </div>at central banks,<div style="display:inline-block;width:3.81px"> </div>loans </div><div id="a90250" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:358.5px;">and advances to banks,<div style="display:inline-block;width:3.7px"> </div>and cash collateral receivables<div style="display:inline-block;width:3.95px"> </div>on derivative instruments.<div style="display:inline-block;width:10.37px"> </div>5 Includes negative interest,<div style="display:inline-block;width:3.49px"> </div>including fees,<div style="display:inline-block;width:3.48px"> </div>on receivables from<div style="display:inline-block;width:3.52px"> </div>securities financing transactions<div style="display:inline-block;width:3.94px"> </div>measured at amortized cost.</div></div></div></div> 1403000000 1431000000 1299000000 7517000000 5850000000 6960000000 17037000000 -6582000000 1509000000 8920000000 7281000000 8259000000 9612000000 6488000000 6690000000 1378000000 513000000 862000000 545000000 284000000 335000000 74000000 115000000 101000000 173000000 1133000000 822000000 11782000000 8533000000 8810000000 2579000000 523000000 1031000000 1089000000 1102000000 870000000 2803000000 1533000000 2237000000 92000000 102000000 110000000 6564000000 3259000000 4247000000 5218000000 5274000000 4563000000 1403000000 1431000000 1299000000 6621000000 6705000000 5862000000 4112000000 2068000000 72000000 4112000000 2068000000 72000000 <div id="TextBlockContainer286" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:263px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a90260" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 4<div style="display:inline-block;width:8px"> </div>Net fee and commission income</div></div><div id="TextBlockContainer289" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:265px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a90267" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.497px;top:0px;">For the year ended </div><div id="a90270" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:15.6px;">USD m </div><div id="a90273" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.564px;top:15.6px;">31.12.22 </div><div id="a90275" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.697px;top:15.6px;">31.12.21 </div><div id="a90277" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:15.6px;">31.12.20 </div><div id="a90279" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:31.7px;">Underwriting fees </div><div id="a90282_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:31.7px;">579</div><div id="a90285_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:31.7px;">1,463</div><div id="a90288_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:31.7px;">1,085</div><div id="a90291" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.2px;">M&amp;A and corporate finance fees </div><div id="a90294_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:48.2px;">804</div><div id="a90297_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:48.2px;">1,102</div><div id="a90300_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:48.2px;">736</div><div id="a90303" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:64.3px;">Brokerage fees </div><div id="a90306_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:64.3px;">3,484</div><div id="a90309_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:64.3px;">4,382</div><div id="a90312_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:64.3px;">4,132</div><div id="a90315" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:80.9px;">Investment fund fees </div><div id="a90318_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:80.9px;">4,942</div><div id="a90321_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:80.9px;">5,790</div><div id="a90324_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:80.9px;">5,289</div><div id="a90327" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:97px;">Portfolio management and related services </div><div id="a90331_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:97px;">9,059</div><div id="a90334_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:97px;">9,762</div><div id="a90337_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:97px;">8,009</div><div id="a90340" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.5px;">Other </div><div id="a90343_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:113.5px;">1,920</div><div id="a90346_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:113.5px;">1,874</div><div id="a90349_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:113.5px;">1,710</div><div id="a90352" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:129.1px;">Total fee and commission<div style="display:inline-block;width:3.96px"> </div>income</div><div id="a90353" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:124.777px;top:129.8px;">1</div><div id="a90356_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:515.657px;top:129.1px;">20,789</div><div id="a90359_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.79px;top:129.1px;">24,372</div><div id="a90362_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:129.1px;">20,961</div><div id="a90365" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:145.7px;">of which: recurring </div><div id="a90368_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:515.657px;top:145.7px;">14,229</div><div id="a90371_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.79px;top:145.7px;">15,410</div><div id="a90374_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.95px;top:145.7px;">13,009</div><div id="a90377" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:161.8px;">of which: transaction-based </div><div id="a90382_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:520.377px;top:161.8px;">6,492</div><div id="a90385_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:588.51px;top:161.8px;">8,692</div><div id="a90388_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:161.8px;">7,491</div><div id="a90391" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:178.3px;">of which: performance-based </div><div id="a90397_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:532.684px;top:178.3px;">68</div><div id="a90400_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:595.604px;top:178.3px;">269</div><div id="a90403_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.764px;top:178.3px;">461</div><div id="a90406" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:194.4px;">Fee and commission expense </div><div id="a90409_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:194.4px;">1,823</div><div id="a90412_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:194.4px;">1,985</div><div id="a90415_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:194.4px;">1,775</div><div id="a90418" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:211px;">Net fee and commission income </div><div id="a90421_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:515.657px;top:211px;">18,966</div><div id="a90424_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.79px;top:211px;">22,387</div><div id="a90427_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:211px;">19,186</div><div id="a90430" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:226.5px;">1 For the<div style="display:inline-block;width:3.64px"> </div>year ended 31<div style="display:inline-block;width:3.99px"> </div>December 2022,<div style="display:inline-block;width:3.99px"> </div>reflects third-party<div style="display:inline-block;width:4.08px"> </div>fee and commission<div style="display:inline-block;width:4.4px"> </div>income of<div style="display:inline-block;width:3.61px"> </div>USD </div><div id="a90430_93_6" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:314.002px;top:226.5px;">12,990</div><div id="a90430_99_36" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:337.175px;top:226.5px;">m for Global<div style="display:inline-block;width:3.93px"> </div>Wealth Management,<div style="display:inline-block;width:4.27px"> </div>USD </div><div id="a90430_135_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:467.223px;top:226.5px;">1,654</div><div id="a90430_140_40" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:486.139px;top:226.5px;">m for Personal<div style="display:inline-block;width:4.25px"> </div>&amp; Corporate<div style="display:inline-block;width:3.46px"> </div>Banking, USD </div><div id="a90430_180_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:622.59px;top:226.5px;">2,840</div><div id="a90430_185_12" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:641.507px;top:226.5px;">m for Asset </div><div id="a90435" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:236.4px;">Management, USD </div><div id="a90435_16_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:64.185px;top:236.4px;">3,296</div><div id="a90435_21_34" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:83.575px;top:236.4px;">m for the Investment Bank and<div style="display:inline-block;width:3.64px"> </div>USD </div><div id="a90435_55_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:198.617px;top:236.4px;">10</div><div id="a90435_57_64" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:207.129px;top:236.4px;">m for Group Functions (for<div style="display:inline-block;width:3.62px"> </div>the year ended 31 December<div style="display:inline-block;width:3.52px"> </div>2021: USD </div><div id="a90435_121_6" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:421.828px;top:236.4px;">14,545</div><div id="a90435_127_36" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:445px;top:236.4px;">m for Global<div style="display:inline-block;width:3.46px"> </div>Wealth Management, USD </div><div id="a90435_163_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:572.91px;top:236.4px;">1,644</div><div id="a90435_168_27" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:592.299px;top:236.4px;">m for Personal &amp; Corporate </div><div id="a90441" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:246.4px;">Banking, USD </div><div id="a90441_13_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:49.525px;top:246.4px;">3,337</div><div id="a90441_18_28" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:68.442px;top:246.4px;">m for<div style="display:inline-block;width:3.93px"> </div>Asset Management,<div style="display:inline-block;width:4.74px"> </div>USD </div><div id="a90441_46_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:171.534px;top:246.4px;">4,814</div><div id="a90441_51_34" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:190.45px;top:246.4px;">m for<div style="display:inline-block;width:3.46px"> </div>the Investment<div style="display:inline-block;width:4.25px"> </div>Bank and<div style="display:inline-block;width:4.27px"> </div>USD </div><div id="a90441_85_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:310.095px;top:246.4px;">33</div><div id="a90441_87_64" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:318.607px;top:246.4px;">m for<div style="display:inline-block;width:3.93px"> </div>Group Functions;<div style="display:inline-block;width:4.41px"> </div>for the<div style="display:inline-block;width:4.1px"> </div>year<div style="display:inline-block;width:3.41px"> </div>ended 31<div style="display:inline-block;width:3.82px"> </div>December 2020:<div style="display:inline-block;width:4.47px"> </div>USD </div><div id="a90441_151_6" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:542.066px;top:246.4px;">12,475</div><div id="a90441_157_32" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:565.239px;top:246.4px;">m for<div style="display:inline-block;width:3.46px"> </div>Global<div style="display:inline-block;width:3.46px"> </div>Wealth Management, </div><div id="a90443" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:256.8px;">USD </div><div id="a90443_4_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.314px;top:256.8px;">1,426</div><div id="a90443_9_40" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:37.231px;top:256.8px;">m for Personal &amp; Corporate<div style="display:inline-block;width:3.77px"> </div>Banking, USD </div><div id="a90443_49_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:170.589px;top:256.8px;">3,129</div><div id="a90443_54_28" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:189.978px;top:256.8px;">m for Asset Management, USD </div><div id="a90443_82_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:288.815px;top:256.8px;">3,882</div><div id="a90443_87_34" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:308.204px;top:256.8px;">m for the Investment Bank and<div style="display:inline-block;width:3.63px"> </div>USD </div><div id="a90443_121_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:422.897px;top:256.8px;">49</div><div id="a90443_123_23" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:431.882px;top:256.8px;">m for Group Functions).</div></div> <div id="TextBlockContainer290" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:265px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_288_XBRL_TS_04229a0b34fb48ec96737d80bd8a06ad" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer289" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:265px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a90267" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.497px;top:0px;">For the year ended </div><div id="a90270" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:15.6px;">USD m </div><div id="a90273" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.564px;top:15.6px;">31.12.22 </div><div id="a90275" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.697px;top:15.6px;">31.12.21 </div><div id="a90277" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:15.6px;">31.12.20 </div><div id="a90279" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:31.7px;">Underwriting fees </div><div id="a90282_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:31.7px;">579</div><div id="a90285_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:31.7px;">1,463</div><div id="a90288_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:31.7px;">1,085</div><div id="a90291" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.2px;">M&amp;A and corporate finance fees </div><div id="a90294_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:48.2px;">804</div><div id="a90297_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:48.2px;">1,102</div><div id="a90300_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:48.2px;">736</div><div id="a90303" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:64.3px;">Brokerage fees </div><div id="a90306_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:64.3px;">3,484</div><div id="a90309_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:64.3px;">4,382</div><div id="a90312_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:64.3px;">4,132</div><div id="a90315" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:80.9px;">Investment fund fees </div><div id="a90318_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:80.9px;">4,942</div><div id="a90321_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:80.9px;">5,790</div><div id="a90324_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:80.9px;">5,289</div><div id="a90327" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:97px;">Portfolio management and related services </div><div id="a90331_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:97px;">9,059</div><div id="a90334_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:97px;">9,762</div><div id="a90337_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:97px;">8,009</div><div id="a90340" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.5px;">Other </div><div id="a90343_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:113.5px;">1,920</div><div id="a90346_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:113.5px;">1,874</div><div id="a90349_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:113.5px;">1,710</div><div id="a90352" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:129.1px;">Total fee and commission<div style="display:inline-block;width:3.96px"> </div>income</div><div id="a90353" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:124.777px;top:129.8px;">1</div><div id="a90356_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:515.657px;top:129.1px;">20,789</div><div id="a90359_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.79px;top:129.1px;">24,372</div><div id="a90362_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:129.1px;">20,961</div><div id="a90365" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:145.7px;">of which: recurring </div><div id="a90368_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:515.657px;top:145.7px;">14,229</div><div id="a90371_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.79px;top:145.7px;">15,410</div><div id="a90374_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.95px;top:145.7px;">13,009</div><div id="a90377" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:161.8px;">of which: transaction-based </div><div id="a90382_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:520.377px;top:161.8px;">6,492</div><div id="a90385_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:588.51px;top:161.8px;">8,692</div><div id="a90388_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:161.8px;">7,491</div><div id="a90391" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:178.3px;">of which: performance-based </div><div id="a90397_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:532.684px;top:178.3px;">68</div><div id="a90400_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:595.604px;top:178.3px;">269</div><div id="a90403_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.764px;top:178.3px;">461</div><div id="a90406" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:194.4px;">Fee and commission expense </div><div id="a90409_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:194.4px;">1,823</div><div id="a90412_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:194.4px;">1,985</div><div id="a90415_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:194.4px;">1,775</div><div id="a90418" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:211px;">Net fee and commission income </div><div id="a90421_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:515.657px;top:211px;">18,966</div><div id="a90424_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.79px;top:211px;">22,387</div><div id="a90427_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:211px;">19,186</div><div id="a90430" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:226.5px;">1 For the<div style="display:inline-block;width:3.64px"> </div>year ended 31<div style="display:inline-block;width:3.99px"> </div>December 2022,<div style="display:inline-block;width:3.99px"> </div>reflects third-party<div style="display:inline-block;width:4.08px"> </div>fee and commission<div style="display:inline-block;width:4.4px"> </div>income of<div style="display:inline-block;width:3.61px"> </div>USD </div><div id="a90430_93_6" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:314.002px;top:226.5px;">12,990</div><div id="a90430_99_36" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:337.175px;top:226.5px;">m for Global<div style="display:inline-block;width:3.93px"> </div>Wealth Management,<div style="display:inline-block;width:4.27px"> </div>USD </div><div id="a90430_135_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:467.223px;top:226.5px;">1,654</div><div id="a90430_140_40" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:486.139px;top:226.5px;">m for Personal<div style="display:inline-block;width:4.25px"> </div>&amp; Corporate<div style="display:inline-block;width:3.46px"> </div>Banking, USD </div><div id="a90430_180_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:622.59px;top:226.5px;">2,840</div><div id="a90430_185_12" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:641.507px;top:226.5px;">m for Asset </div><div id="a90435" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:236.4px;">Management, USD </div><div id="a90435_16_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:64.185px;top:236.4px;">3,296</div><div id="a90435_21_34" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:83.575px;top:236.4px;">m for the Investment Bank and<div style="display:inline-block;width:3.64px"> </div>USD </div><div id="a90435_55_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:198.617px;top:236.4px;">10</div><div id="a90435_57_64" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:207.129px;top:236.4px;">m for Group Functions (for<div style="display:inline-block;width:3.62px"> </div>the year ended 31 December<div style="display:inline-block;width:3.52px"> </div>2021: USD </div><div id="a90435_121_6" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:421.828px;top:236.4px;">14,545</div><div id="a90435_127_36" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:445px;top:236.4px;">m for Global<div style="display:inline-block;width:3.46px"> </div>Wealth Management, USD </div><div id="a90435_163_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:572.91px;top:236.4px;">1,644</div><div id="a90435_168_27" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:592.299px;top:236.4px;">m for Personal &amp; Corporate </div><div id="a90441" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:246.4px;">Banking, USD </div><div id="a90441_13_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:49.525px;top:246.4px;">3,337</div><div id="a90441_18_28" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:68.442px;top:246.4px;">m for<div style="display:inline-block;width:3.93px"> </div>Asset Management,<div style="display:inline-block;width:4.74px"> </div>USD </div><div id="a90441_46_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:171.534px;top:246.4px;">4,814</div><div id="a90441_51_34" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:190.45px;top:246.4px;">m for<div style="display:inline-block;width:3.46px"> </div>the Investment<div style="display:inline-block;width:4.25px"> </div>Bank and<div style="display:inline-block;width:4.27px"> </div>USD </div><div id="a90441_85_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:310.095px;top:246.4px;">33</div><div id="a90441_87_64" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:318.607px;top:246.4px;">m for<div style="display:inline-block;width:3.93px"> </div>Group Functions;<div style="display:inline-block;width:4.41px"> </div>for the<div style="display:inline-block;width:4.1px"> </div>year<div style="display:inline-block;width:3.41px"> </div>ended 31<div style="display:inline-block;width:3.82px"> </div>December 2020:<div style="display:inline-block;width:4.47px"> </div>USD </div><div id="a90441_151_6" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:542.066px;top:246.4px;">12,475</div><div id="a90441_157_32" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:565.239px;top:246.4px;">m for<div style="display:inline-block;width:3.46px"> </div>Global<div style="display:inline-block;width:3.46px"> </div>Wealth Management, </div><div id="a90443" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:256.8px;">USD </div><div id="a90443_4_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.314px;top:256.8px;">1,426</div><div id="a90443_9_40" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:37.231px;top:256.8px;">m for Personal &amp; Corporate<div style="display:inline-block;width:3.77px"> </div>Banking, USD </div><div id="a90443_49_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:170.589px;top:256.8px;">3,129</div><div id="a90443_54_28" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:189.978px;top:256.8px;">m for Asset Management, USD </div><div id="a90443_82_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:288.815px;top:256.8px;">3,882</div><div id="a90443_87_34" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:308.204px;top:256.8px;">m for the Investment Bank and<div style="display:inline-block;width:3.63px"> </div>USD </div><div id="a90443_121_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:422.897px;top:256.8px;">49</div><div id="a90443_123_23" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:431.882px;top:256.8px;">m for Group Functions).</div></div></div></div> 579000000 1463000000 1085000000 804000000 1102000000 736000000 3484000000 4382000000 4132000000 4942000000 5790000000 5289000000 9059000000 9762000000 8009000000 1920000000 1874000000 1710000000 20789000000 24372000000 20961000000 14229000000 15410000000 13009000000 6492000000 8692000000 7491000000 68000000 269000000 461000000 1823000000 1985000000 1775000000 18966000000 22387000000 19186000000 12990000000 1654000000 2840000000 3296000000 10000000 14545000000 1644000000 3337000000 4814000000 33000000 12475000000 1426000000 3129000000 3882000000 49000000 <div id="TextBlockContainer292" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:149px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a90485" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 5<div style="display:inline-block;width:8px"> </div>Other income</div></div><div id="TextBlockContainer296" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:273px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_294_XBRL_TS_bd109ea9a2724b3f9eb2578882a880a8" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer295" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:273px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a90492" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.497px;top:0px;">For the year ended </div><div id="a90495" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:15.6px;">USD m </div><div id="a90498" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.564px;top:15.6px;">31.12.22 </div><div id="a90500" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.697px;top:15.6px;">31.12.21 </div><div id="a90502" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:15.6px;">31.12.20 </div><div id="a90504" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:31.2px;">Associates, joint ventures and<div style="display:inline-block;width:4.15px"> </div>subsidiaries </div><div id="a90510" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:47.8px;">Net gains / (losses) from acquisitions and disposals of subsidiaries</div><div id="a90511" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:241.684px;top:48.4px;">1</div><div id="a90514_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:47.8px;">148</div><div id="a90517_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:47.8px;display:flex;">(11)</div><div id="a90520_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.937px;top:47.8px;">635</div><div id="a90522" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:675.124px;top:48.4px;">2</div><div id="a90524" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:63.9px;">Net gains / (losses) from disposals of investments in associates<div style="display:inline-block;width:3.8px"> </div>and joint ventures </div><div id="a90528_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:524.644px;top:63.9px;">844</div><div id="a90530" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:64.5px;">3</div><div id="a90532_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.844px;top:63.9px;">41</div><div id="a90535_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.697px;top:63.9px;">0</div><div id="a90538" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:80.4px;">Share of net profits of associates and joint ventures </div><div id="a90541_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:532.684px;top:80.4px;">32</div><div id="a90544_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:80.4px;">105</div><div id="a90547_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:80.4px;">84</div><div id="a90550" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:96.5px;">Total </div><div id="a90553_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:96.5px;">1,024</div><div id="a90556_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:96.5px;">135</div><div id="a90559_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:96.5px;">719</div><div id="a90562" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.1px;">Net gains / (losses) from disposals of financial assets measured<div style="display:inline-block;width:3.88px"> </div>at fair value through other<div style="display:inline-block;width:4.21px"> </div>comprehensive income </div><div id="a90566_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:532.684px;top:113.1px;display:flex;">(1)</div><div id="a90569_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.564px;top:113.1px;">9</div><div id="a90572_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:113.1px;">40</div><div id="a90575" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:129.2px;">Income from properties</div><div id="a90576" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:87.417px;top:129.8px;">4</div><div id="a90579_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:532.684px;top:129.2px;">20</div><div id="a90582_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.844px;top:129.2px;">23</div><div id="a90585_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:129.2px;">26</div><div id="a90588" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:145.7px;">Net gains / (losses) from properties held for sale </div><div id="a90591_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:532.684px;top:145.7px;">24</div><div id="a90594_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.764px;top:145.7px;">100</div><div id="a90596" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:606.99px;top:146.4px;">5</div><div id="a90598_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:666.137px;top:145.7px;">76</div><div id="a90600" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:675.59px;top:146.4px;">6</div><div id="a90602" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:161.8px;">Other </div><div id="a90605_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:524.644px;top:161.8px;">391</div><div id="a90607" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:162.4px;">7</div><div id="a90609_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.764px;top:161.8px;">185</div><div id="a90611" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:606.99px;top:162.4px;">8</div><div id="a90613_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.937px;top:161.8px;">216</div><div id="a90615" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:675.124px;top:162.4px;">9</div><div id="a90617" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:178.3px;">Total other income </div><div id="a90620_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:178.3px;">1,459</div><div id="a90623_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:178.3px;">452</div><div id="a90626_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:178.3px;">1,076</div><div id="a90629" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:193.9px;">1 Includes foreign exchange<div style="display:inline-block;width:3.81px"> </div>gains / (losses) reclassified from<div style="display:inline-block;width:3.95px"> </div>other comprehensive income<div style="display:inline-block;width:4.06px"> </div>related to the disposal<div style="display:inline-block;width:3.47px"> </div>or closure of foreign<div style="display:inline-block;width:3.87px"> </div>operations. Refer<div style="display:inline-block;width:3.47px"> </div>to Note 29 for more information<div style="display:inline-block;width:4.25px"> </div>about UBS’s acquisitions<div style="display:inline-block;width:4.25px"> </div>and </div><div id="a90634" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:203.8px;">disposals of subsidiaries and<div style="display:inline-block;width:3.46px"> </div>businesses.<div style="display:inline-block;width:9.08px"> </div>2 Includes a USD </div><div id="a90634_62_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:193.385px;top:203.8px;">631</div><div id="a90634_65_115" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:206.154px;top:203.8px;">m net gain on the sale<div style="display:inline-block;width:3.48px"> </div>of a majority stake in Fondcenter<div style="display:inline-block;width:4.11px"> </div>AG (now Clearstream<div style="display:inline-block;width:3.62px"> </div>Fund Centre AG).<div style="display:inline-block;width:9.15px"> </div>3 Includes an USD </div><div id="a90634_180_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:576.687px;top:203.8px;">848</div><div id="a90634_183_30" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:589.455px;top:203.8px;">m gain related to the sale of </div><div id="a90641" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:214.2px;">UBS’s shareholding in<div style="display:inline-block;width:3.47px"> </div>Mitsubishi Corp.-UBS Realty<div style="display:inline-block;width:3.42px"> </div>Inc. Refer to Note 28b for<div style="display:inline-block;width:3.51px"> </div>more information.<div style="display:inline-block;width:8.7px"> </div>4 Includes rent received from third<div style="display:inline-block;width:3.8px"> </div>parties.<div style="display:inline-block;width:8.2px"> </div>5 Mainly relates to the sale<div style="display:inline-block;width:3.66px"> </div>of a property in Basel.<div style="display:inline-block;width:8.69px"> </div>6 Includes net gains </div><div id="a90646" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:224.1px;">of USD </div><div id="a90646_7_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:27.299px;top:224.1px;">140</div><div id="a90646_10_205" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:40.068px;top:224.1px;">m arising from<div style="display:inline-block;width:3.93px"> </div>sale-and-leaseback<div style="display:inline-block;width:3.4px"> </div>transactions,<div style="display:inline-block;width:4.1px"> </div>primarily related to<div style="display:inline-block;width:3.93px"> </div>a property<div style="display:inline-block;width:3.47px"> </div>in Geneva,<div style="display:inline-block;width:3.94px"> </div>partly offset<div style="display:inline-block;width:3.47px"> </div>by remeasurement<div style="display:inline-block;width:3.63px"> </div>losses relating<div style="display:inline-block;width:3.93px"> </div>to properties that<div style="display:inline-block;width:3.93px"> </div>were reclassified<div style="display:inline-block;width:3.79px"> </div>as held for<div style="display:inline-block;width:3.79px"> </div>sale.<div style="display:inline-block;width:10.25px"> </div>7 Mainly </div><div id="a90655" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:234.1px;">relates to a portion<div style="display:inline-block;width:3.46px"> </div>of the total USD </div><div id="a90655_38_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:118.096px;top:234.1px;">133</div><div id="a90655_41_80" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:130.865px;top:234.1px;">m gain on the sale<div style="display:inline-block;width:3.63px"> </div>of UBS’s domestic<div style="display:inline-block;width:3.45px"> </div>wealth management<div style="display:inline-block;width:3.95px"> </div>business in Spain of<div style="display:inline-block;width:3.63px"> </div>USD </div><div id="a90655_121_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:398.054px;top:234.1px;">111</div><div id="a90655_124_85" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:410.823px;top:234.1px;">m (with the remaining<div style="display:inline-block;width:4.05px"> </div>amount disclosed within Net<div style="display:inline-block;width:3.99px"> </div>gains / (losses) from<div style="display:inline-block;width:3.47px"> </div>acquisitions </div><div id="a90659" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:244.5px;">and disposals<div style="display:inline-block;width:3.62px"> </div>of subsidiaries), income<div style="display:inline-block;width:4.56px"> </div>of USD </div><div id="a90659_46_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:150.253px;top:244.5px;">111</div><div id="a90659_49_99" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:163.022px;top:244.5px;">m related to<div style="display:inline-block;width:3.94px"> </div>a legacy litigation<div style="display:inline-block;width:4.58px"> </div>settlement and<div style="display:inline-block;width:3.47px"> </div>a legacy<div style="display:inline-block;width:3.64px"> </div>bankruptcy claim,<div style="display:inline-block;width:4.11px"> </div>as well<div style="display:inline-block;width:3.42px"> </div>as gains<div style="display:inline-block;width:3.63px"> </div>of USD </div><div id="a90659_148_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:479.183px;top:244.5px;">98</div><div id="a90659_150_58" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:488.168px;top:244.5px;">m related to<div style="display:inline-block;width:3.46px"> </div>the repurchase<div style="display:inline-block;width:3.95px"> </div>of UBS’s<div style="display:inline-block;width:4.26px"> </div>own debt instruments </div><div id="a90662" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:254.4px;">(compared with losses<div style="display:inline-block;width:4.09px"> </div>of USD </div><div id="a90662_29_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:100.599px;top:254.4px;">60</div><div id="a90662_31_40" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:109.111px;top:254.4px;">m in 2021).<div style="display:inline-block;width:11.09px"> </div>8 Includes a<div style="display:inline-block;width:3.97px"> </div>gain of<div style="display:inline-block;width:3.47px"> </div>USD </div><div id="a90662_71_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:238.214px;top:254.4px;">100</div><div id="a90662_74_93" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:250.982px;top:254.4px;">m from the<div style="display:inline-block;width:3.62px"> </div>sale of UBS’s<div style="display:inline-block;width:4.73px"> </div>domestic wealth<div style="display:inline-block;width:3.78px"> </div>management business<div style="display:inline-block;width:3.72px"> </div>in Austria.<div style="display:inline-block;width:10.88px"> </div>9 Includes<div style="display:inline-block;width:3.64px"> </div>a USD </div><div id="a90662_167_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:560.047px;top:254.4px;">215</div><div id="a90662_170_35" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:572.815px;top:254.4px;">m gain on the<div style="display:inline-block;width:4.1px"> </div>sale of intellectual </div><div id="a90665" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:264.8px;">property rights associated with the<div style="display:inline-block;width:3.63px"> </div>Bloomberg Commodity Index<div style="display:inline-block;width:3.99px"> </div>family.</div></div></div></div> <div id="TextBlockContainer295" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:273px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a90492" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.497px;top:0px;">For the year ended </div><div id="a90495" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:15.6px;">USD m </div><div id="a90498" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.564px;top:15.6px;">31.12.22 </div><div id="a90500" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.697px;top:15.6px;">31.12.21 </div><div id="a90502" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:15.6px;">31.12.20 </div><div id="a90504" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:31.2px;">Associates, joint ventures and<div style="display:inline-block;width:4.15px"> </div>subsidiaries </div><div id="a90510" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:47.8px;">Net gains / (losses) from acquisitions and disposals of subsidiaries</div><div id="a90511" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:241.684px;top:48.4px;">1</div><div id="a90514_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:47.8px;">148</div><div id="a90517_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:47.8px;display:flex;">(11)</div><div id="a90520_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.937px;top:47.8px;">635</div><div id="a90522" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:675.124px;top:48.4px;">2</div><div id="a90524" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:63.9px;">Net gains / (losses) from disposals of investments in associates<div style="display:inline-block;width:3.8px"> </div>and joint ventures </div><div id="a90528_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:524.644px;top:63.9px;">844</div><div id="a90530" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:64.5px;">3</div><div id="a90532_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.844px;top:63.9px;">41</div><div id="a90535_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.697px;top:63.9px;">0</div><div id="a90538" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:80.4px;">Share of net profits of associates and joint ventures </div><div id="a90541_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:532.684px;top:80.4px;">32</div><div id="a90544_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:80.4px;">105</div><div id="a90547_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:80.4px;">84</div><div id="a90550" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:96.5px;">Total </div><div id="a90553_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:96.5px;">1,024</div><div id="a90556_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:96.5px;">135</div><div id="a90559_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:96.5px;">719</div><div id="a90562" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.1px;">Net gains / (losses) from disposals of financial assets measured<div style="display:inline-block;width:3.88px"> </div>at fair value through other<div style="display:inline-block;width:4.21px"> </div>comprehensive income </div><div id="a90566_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:532.684px;top:113.1px;display:flex;">(1)</div><div id="a90569_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.564px;top:113.1px;">9</div><div id="a90572_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:113.1px;">40</div><div id="a90575" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:129.2px;">Income from properties</div><div id="a90576" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:87.417px;top:129.8px;">4</div><div id="a90579_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:532.684px;top:129.2px;">20</div><div id="a90582_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.844px;top:129.2px;">23</div><div id="a90585_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:129.2px;">26</div><div id="a90588" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:145.7px;">Net gains / (losses) from properties held for sale </div><div id="a90591_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:532.684px;top:145.7px;">24</div><div id="a90594_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.764px;top:145.7px;">100</div><div id="a90596" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:606.99px;top:146.4px;">5</div><div id="a90598_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:666.137px;top:145.7px;">76</div><div id="a90600" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:675.59px;top:146.4px;">6</div><div id="a90602" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:161.8px;">Other </div><div id="a90605_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:524.644px;top:161.8px;">391</div><div id="a90607" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:162.4px;">7</div><div id="a90609_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.764px;top:161.8px;">185</div><div id="a90611" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:606.99px;top:162.4px;">8</div><div id="a90613_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.937px;top:161.8px;">216</div><div id="a90615" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:675.124px;top:162.4px;">9</div><div id="a90617" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:178.3px;">Total other income </div><div id="a90620_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:178.3px;">1,459</div><div id="a90623_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:178.3px;">452</div><div id="a90626_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:178.3px;">1,076</div><div id="a90629" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:193.9px;">1 Includes foreign exchange<div style="display:inline-block;width:3.81px"> </div>gains / (losses) reclassified from<div style="display:inline-block;width:3.95px"> </div>other comprehensive income<div style="display:inline-block;width:4.06px"> </div>related to the disposal<div style="display:inline-block;width:3.47px"> </div>or closure of foreign<div style="display:inline-block;width:3.87px"> </div>operations. Refer<div style="display:inline-block;width:3.47px"> </div>to Note 29 for more information<div style="display:inline-block;width:4.25px"> </div>about UBS’s acquisitions<div style="display:inline-block;width:4.25px"> </div>and </div><div id="a90634" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:203.8px;">disposals of subsidiaries and<div style="display:inline-block;width:3.46px"> </div>businesses.<div style="display:inline-block;width:9.08px"> </div>2 Includes a USD </div><div id="a90634_62_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:193.385px;top:203.8px;">631</div><div id="a90634_65_115" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:206.154px;top:203.8px;">m net gain on the sale<div style="display:inline-block;width:3.48px"> </div>of a majority stake in Fondcenter<div style="display:inline-block;width:4.11px"> </div>AG (now Clearstream<div style="display:inline-block;width:3.62px"> </div>Fund Centre AG).<div style="display:inline-block;width:9.15px"> </div>3 Includes an USD </div><div id="a90634_180_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:576.687px;top:203.8px;">848</div><div id="a90634_183_30" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:589.455px;top:203.8px;">m gain related to the sale of </div><div id="a90641" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:214.2px;">UBS’s shareholding in<div style="display:inline-block;width:3.47px"> </div>Mitsubishi Corp.-UBS Realty<div style="display:inline-block;width:3.42px"> </div>Inc. Refer to Note 28b for<div style="display:inline-block;width:3.51px"> </div>more information.<div style="display:inline-block;width:8.7px"> </div>4 Includes rent received from third<div style="display:inline-block;width:3.8px"> </div>parties.<div style="display:inline-block;width:8.2px"> </div>5 Mainly relates to the sale<div style="display:inline-block;width:3.66px"> </div>of a property in Basel.<div style="display:inline-block;width:8.69px"> </div>6 Includes net gains </div><div id="a90646" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:224.1px;">of USD </div><div id="a90646_7_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:27.299px;top:224.1px;">140</div><div id="a90646_10_205" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:40.068px;top:224.1px;">m arising from<div style="display:inline-block;width:3.93px"> </div>sale-and-leaseback<div style="display:inline-block;width:3.4px"> </div>transactions,<div style="display:inline-block;width:4.1px"> </div>primarily related to<div style="display:inline-block;width:3.93px"> </div>a property<div style="display:inline-block;width:3.47px"> </div>in Geneva,<div style="display:inline-block;width:3.94px"> </div>partly offset<div style="display:inline-block;width:3.47px"> </div>by remeasurement<div style="display:inline-block;width:3.63px"> </div>losses relating<div style="display:inline-block;width:3.93px"> </div>to properties that<div style="display:inline-block;width:3.93px"> </div>were reclassified<div style="display:inline-block;width:3.79px"> </div>as held for<div style="display:inline-block;width:3.79px"> </div>sale.<div style="display:inline-block;width:10.25px"> </div>7 Mainly </div><div id="a90655" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:234.1px;">relates to a portion<div style="display:inline-block;width:3.46px"> </div>of the total USD </div><div id="a90655_38_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:118.096px;top:234.1px;">133</div><div id="a90655_41_80" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:130.865px;top:234.1px;">m gain on the sale<div style="display:inline-block;width:3.63px"> </div>of UBS’s domestic<div style="display:inline-block;width:3.45px"> </div>wealth management<div style="display:inline-block;width:3.95px"> </div>business in Spain of<div style="display:inline-block;width:3.63px"> </div>USD </div><div id="a90655_121_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:398.054px;top:234.1px;">111</div><div id="a90655_124_85" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:410.823px;top:234.1px;">m (with the remaining<div style="display:inline-block;width:4.05px"> </div>amount disclosed within Net<div style="display:inline-block;width:3.99px"> </div>gains / (losses) from<div style="display:inline-block;width:3.47px"> </div>acquisitions </div><div id="a90659" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:244.5px;">and disposals<div style="display:inline-block;width:3.62px"> </div>of subsidiaries), income<div style="display:inline-block;width:4.56px"> </div>of USD </div><div id="a90659_46_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:150.253px;top:244.5px;">111</div><div id="a90659_49_99" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:163.022px;top:244.5px;">m related to<div style="display:inline-block;width:3.94px"> </div>a legacy litigation<div style="display:inline-block;width:4.58px"> </div>settlement and<div style="display:inline-block;width:3.47px"> </div>a legacy<div style="display:inline-block;width:3.64px"> </div>bankruptcy claim,<div style="display:inline-block;width:4.11px"> </div>as well<div style="display:inline-block;width:3.42px"> </div>as gains<div style="display:inline-block;width:3.63px"> </div>of USD </div><div id="a90659_148_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:479.183px;top:244.5px;">98</div><div id="a90659_150_58" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:488.168px;top:244.5px;">m related to<div style="display:inline-block;width:3.46px"> </div>the repurchase<div style="display:inline-block;width:3.95px"> </div>of UBS’s<div style="display:inline-block;width:4.26px"> </div>own debt instruments </div><div id="a90662" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:254.4px;">(compared with losses<div style="display:inline-block;width:4.09px"> </div>of USD </div><div id="a90662_29_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:100.599px;top:254.4px;">60</div><div id="a90662_31_40" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:109.111px;top:254.4px;">m in 2021).<div style="display:inline-block;width:11.09px"> </div>8 Includes a<div style="display:inline-block;width:3.97px"> </div>gain of<div style="display:inline-block;width:3.47px"> </div>USD </div><div id="a90662_71_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:238.214px;top:254.4px;">100</div><div id="a90662_74_93" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:250.982px;top:254.4px;">m from the<div style="display:inline-block;width:3.62px"> </div>sale of UBS’s<div style="display:inline-block;width:4.73px"> </div>domestic wealth<div style="display:inline-block;width:3.78px"> </div>management business<div style="display:inline-block;width:3.72px"> </div>in Austria.<div style="display:inline-block;width:10.88px"> </div>9 Includes<div style="display:inline-block;width:3.64px"> </div>a USD </div><div id="a90662_167_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:560.047px;top:254.4px;">215</div><div id="a90662_170_35" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:572.815px;top:254.4px;">m gain on the<div style="display:inline-block;width:4.1px"> </div>sale of intellectual </div><div id="a90665" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:264.8px;">property rights associated with the<div style="display:inline-block;width:3.63px"> </div>Bloomberg Commodity Index<div style="display:inline-block;width:3.99px"> </div>family.</div></div> 148000000 -11000000 635000000 844000000 41000000 0 32000000 105000000 84000000 1024000000 135000000 719000000 -1000000 9000000 40000000 20000000 23000000 26000000 24000000 100000000 76000000 391000000 185000000 216000000 1459000000 452000000 1076000000 631000000 848000000 140000000 133000000 111000000 111000000 98000000 -60000000 100000000 215000000 <div id="TextBlockContainer298" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:187px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a90672" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 6<div style="display:inline-block;width:8px"> </div>Personnel expenses</div></div><div id="TextBlockContainer301" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:286px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a90679" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.497px;top:0px;">For the year ended </div><div id="a90681" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:15.6px;">USD m </div><div id="a90684" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.564px;top:15.6px;">31.12.22 </div><div id="a90686" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.697px;top:15.6px;">31.12.21 </div><div id="a90688" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:15.6px;">31.12.20 </div><div id="a90690" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:31.2px;">Salaries</div><div id="a90691" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:30.641px;top:31.9px;">1</div><div id="a90694_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:31.2px;">7,045</div><div id="a90697_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:31.2px;">7,339</div><div id="a90700_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:31.2px;">7,023</div><div id="a90703" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:47.8px;">Variable compensation</div><div id="a90704" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:86.004px;top:48.4px;">2</div><div id="a90707_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:47.8px;">7,954</div><div id="a90710_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:47.8px;">8,280</div><div id="a90713_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:47.8px;">7,520</div><div id="a90716" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:63.9px;">of which: performance awards </div><div id="a90719_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:520.377px;top:63.9px;">3,205</div><div id="a90722_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:588.51px;top:63.9px;">3,190</div><div id="a90725_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:653.844px;top:63.9px;">3,209</div><div id="a90727" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:675.124px;top:64.5px;">3</div><div id="a90729" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:80.4px;">of which: financial advisors</div><div id="a90731" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:110.124px;top:81.1px;">4</div><div id="a90734_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:520.377px;top:80.4px;">4,508</div><div id="a90737_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:588.51px;top:80.4px;">4,860</div><div id="a90740_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:80.4px;">4,091</div><div id="a90743" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:96.5px;">of which: other </div><div id="a90746_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:527.484px;top:96.5px;">241</div><div id="a90749_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:595.604px;top:96.5px;">229</div><div id="a90752_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.764px;top:96.5px;">220</div><div id="a90755" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.1px;">Contractors </div><div id="a90758_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:113.1px;">323</div><div id="a90761_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:113.1px;">381</div><div id="a90764_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:113.1px;">375</div><div id="a90767" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:129.2px;">Social security </div><div id="a90770_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:129.2px;">944</div><div id="a90773_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:129.2px;">978</div><div id="a90776_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.937px;top:129.2px;">899</div><div id="a90778" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:675.124px;top:129.8px;">3</div><div id="a90780" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:145.7px;">Post-employment benefit plans</div><div id="a90783" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:115.324px;top:146.4px;">5</div><div id="a90786_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:145.7px;">794</div><div id="a90789_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:145.7px;">833</div><div id="a90792_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:145.7px;">845</div><div id="a90795" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:161.8px;">of which: defined benefit plans </div><div id="a90798_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:527.484px;top:161.8px;">437</div><div id="a90801_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:595.604px;top:161.8px;">470</div><div id="a90804_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.764px;top:161.8px;">502</div><div id="a90807" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:178.4px;">of which: defined contribution plans </div><div id="a90811_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:527.484px;top:178.4px;">357</div><div id="a90814_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:595.604px;top:178.4px;">363</div><div id="a90817_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.764px;top:178.4px;">343</div><div id="a90820" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:194.5px;">Other personnel expenses </div><div id="a90823_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:194.5px;">621</div><div id="a90826_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:194.5px;">576</div><div id="a90829_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.937px;top:194.5px;">561</div><div id="a90831" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:675.124px;top:195.1px;">3</div><div id="a90833" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:211px;">Total personnel expenses </div><div id="a90836_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:515.657px;top:211px;">17,680</div><div id="a90839_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.79px;top:211px;">18,387</div><div id="a90842_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:211px;">17,224</div><div id="a90845" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:226.5px;">1 Includes role-based allowances.<div style="display:inline-block;width:10.78px"> </div>2 Refer to Note 27 for<div style="display:inline-block;width:4.01px"> </div>more information.<div style="display:inline-block;width:9.12px"> </div>3 During 2020,<div style="display:inline-block;width:3.49px"> </div>UBS modified the conditions<div style="display:inline-block;width:3.76px"> </div>for continued vesting<div style="display:inline-block;width:3.45px"> </div>of certain outstanding deferred<div style="display:inline-block;width:3.96px"> </div>compensation awards<div style="display:inline-block;width:3.46px"> </div>for qualifying </div><div id="a90853" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:236.4px;">employees, resulting<div style="display:inline-block;width:3.77px"> </div>in an<div style="display:inline-block;width:3.47px"> </div>expense of approximately<div style="display:inline-block;width:5.05px"> </div>USD </div><div id="a90853_56_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:188.177px;top:236.4px;">280</div><div id="a90853_59_16" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:200.945px;top:236.4px;">m, of which<div style="display:inline-block;width:3.79px"> </div>USD </div><div id="a90853_75_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:256.748px;top:236.4px;">240</div><div id="a90853_78_70" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:269.516px;top:236.4px;">m is disclosed<div style="display:inline-block;width:4.08px"> </div>within Variable<div style="display:inline-block;width:3.87px"> </div>compensation<div style="display:inline-block;width:3.77px"> </div>– performance<div style="display:inline-block;width:3.63px"> </div>awards,<div style="display:inline-block;width:3.48px"> </div>USD </div><div id="a90853_148_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:505.193px;top:236.4px;">20</div><div id="a90853_150_33" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:513.705px;top:236.4px;">m within Social<div style="display:inline-block;width:3.93px"> </div>security and<div style="display:inline-block;width:3.64px"> </div>USD </div><div id="a90853_183_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:621.527px;top:236.4px;">20</div><div id="a90853_185_15" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:630.039px;top:236.4px;">m within Other </div><div id="a90858" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:246.9px;">personnel expenses.<div style="display:inline-block;width:10.88px"> </div>4 Consists of<div style="display:inline-block;width:3.63px"> </div>cash and<div style="display:inline-block;width:3.64px"> </div>deferred compensation<div style="display:inline-block;width:3.78px"> </div>awards and is<div style="display:inline-block;width:4.11px"> </div>based on compensable<div style="display:inline-block;width:4.13px"> </div>revenues and firm<div style="display:inline-block;width:4.25px"> </div>tenure using a<div style="display:inline-block;width:3.48px"> </div>formulaic<div style="display:inline-block;width:3.46px"> </div>approach. It also<div style="display:inline-block;width:3.64px"> </div>includes expenses<div style="display:inline-block;width:3.47px"> </div>related to compensation </div><div id="a90860" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:256.8px;">commitments with financial<div style="display:inline-block;width:4.08px"> </div>advisors entered into<div style="display:inline-block;width:3.92px"> </div>at the time<div style="display:inline-block;width:3.63px"> </div>of recruitment that<div style="display:inline-block;width:3.94px"> </div>are subject to<div style="display:inline-block;width:3.47px"> </div>vesting requirements.<div style="display:inline-block;width:11.02px"> </div>5 Refer to Note<div style="display:inline-block;width:4.21px"> </div>26 for more information.<div style="display:inline-block;width:4.45px"> </div>Includes curtailment<div style="display:inline-block;width:4.1px"> </div>gains of USD </div><div id="a90860_196_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:624.867px;top:256.8px;">20</div><div id="a90860_198_15" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:633.379px;top:256.8px;">m for the year </div><div id="a90864" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:266.7px;">ended 31 December 2022 (for the year ended 31 December 2021: USD </div><div id="a90864_65_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:226.391px;top:266.7px;">80</div><div id="a90864_67_44" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:234.903px;top:266.7px;">m; for the year ended 31 December 2020: USD </div><div id="a90864_111_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:382.921px;top:266.7px;">0</div><div id="a90864_112_95" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:387.178px;top:266.7px;">m), which represent a reduction in the defined benefit<div style="display:inline-block;width:3.61px"> </div>obligation related to the Swiss pension </div><div id="a90868" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:277.1px;">plan resulting from a decrease<div style="display:inline-block;width:3.49px"> </div>in headcount following restructuring<div style="display:inline-block;width:4.09px"> </div>activities.</div></div> <div id="TextBlockContainer302" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:286px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_300_XBRL_TS_b931a51103f34a4db401c95e85281685" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer301" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:286px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a90679" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.497px;top:0px;">For the year ended </div><div id="a90681" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:15.6px;">USD m </div><div id="a90684" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.564px;top:15.6px;">31.12.22 </div><div id="a90686" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.697px;top:15.6px;">31.12.21 </div><div id="a90688" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:15.6px;">31.12.20 </div><div id="a90690" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:31.2px;">Salaries</div><div id="a90691" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:30.641px;top:31.9px;">1</div><div id="a90694_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:31.2px;">7,045</div><div id="a90697_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:31.2px;">7,339</div><div id="a90700_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:31.2px;">7,023</div><div id="a90703" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:47.8px;">Variable compensation</div><div id="a90704" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:86.004px;top:48.4px;">2</div><div id="a90707_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:47.8px;">7,954</div><div id="a90710_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:47.8px;">8,280</div><div id="a90713_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:47.8px;">7,520</div><div id="a90716" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:63.9px;">of which: performance awards </div><div id="a90719_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:520.377px;top:63.9px;">3,205</div><div id="a90722_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:588.51px;top:63.9px;">3,190</div><div id="a90725_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:653.844px;top:63.9px;">3,209</div><div id="a90727" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:675.124px;top:64.5px;">3</div><div id="a90729" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:80.4px;">of which: financial advisors</div><div id="a90731" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:110.124px;top:81.1px;">4</div><div id="a90734_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:520.377px;top:80.4px;">4,508</div><div id="a90737_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:588.51px;top:80.4px;">4,860</div><div id="a90740_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:80.4px;">4,091</div><div id="a90743" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:96.5px;">of which: other </div><div id="a90746_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:527.484px;top:96.5px;">241</div><div id="a90749_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:595.604px;top:96.5px;">229</div><div id="a90752_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.764px;top:96.5px;">220</div><div id="a90755" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.1px;">Contractors </div><div id="a90758_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:113.1px;">323</div><div id="a90761_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:113.1px;">381</div><div id="a90764_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:113.1px;">375</div><div id="a90767" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:129.2px;">Social security </div><div id="a90770_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:129.2px;">944</div><div id="a90773_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:129.2px;">978</div><div id="a90776_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.937px;top:129.2px;">899</div><div id="a90778" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:675.124px;top:129.8px;">3</div><div id="a90780" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:145.7px;">Post-employment benefit plans</div><div id="a90783" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:115.324px;top:146.4px;">5</div><div id="a90786_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:145.7px;">794</div><div id="a90789_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:145.7px;">833</div><div id="a90792_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:145.7px;">845</div><div id="a90795" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:161.8px;">of which: defined benefit plans </div><div id="a90798_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:527.484px;top:161.8px;">437</div><div id="a90801_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:595.604px;top:161.8px;">470</div><div id="a90804_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.764px;top:161.8px;">502</div><div id="a90807" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:178.4px;">of which: defined contribution plans </div><div id="a90811_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:527.484px;top:178.4px;">357</div><div id="a90814_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:595.604px;top:178.4px;">363</div><div id="a90817_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.764px;top:178.4px;">343</div><div id="a90820" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:194.5px;">Other personnel expenses </div><div id="a90823_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:194.5px;">621</div><div id="a90826_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:194.5px;">576</div><div id="a90829_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.937px;top:194.5px;">561</div><div id="a90831" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:675.124px;top:195.1px;">3</div><div id="a90833" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:211px;">Total personnel expenses </div><div id="a90836_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:515.657px;top:211px;">17,680</div><div id="a90839_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.79px;top:211px;">18,387</div><div id="a90842_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:211px;">17,224</div><div id="a90845" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:226.5px;">1 Includes role-based allowances.<div style="display:inline-block;width:10.78px"> </div>2 Refer to Note 27 for<div style="display:inline-block;width:4.01px"> </div>more information.<div style="display:inline-block;width:9.12px"> </div>3 During 2020,<div style="display:inline-block;width:3.49px"> </div>UBS modified the conditions<div style="display:inline-block;width:3.76px"> </div>for continued vesting<div style="display:inline-block;width:3.45px"> </div>of certain outstanding deferred<div style="display:inline-block;width:3.96px"> </div>compensation awards<div style="display:inline-block;width:3.46px"> </div>for qualifying </div><div id="a90853" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:236.4px;">employees, resulting<div style="display:inline-block;width:3.77px"> </div>in an<div style="display:inline-block;width:3.47px"> </div>expense of approximately<div style="display:inline-block;width:5.05px"> </div>USD </div><div id="a90853_56_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:188.177px;top:236.4px;">280</div><div id="a90853_59_16" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:200.945px;top:236.4px;">m, of which<div style="display:inline-block;width:3.79px"> </div>USD </div><div id="a90853_75_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:256.748px;top:236.4px;">240</div><div id="a90853_78_70" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:269.516px;top:236.4px;">m is disclosed<div style="display:inline-block;width:4.08px"> </div>within Variable<div style="display:inline-block;width:3.87px"> </div>compensation<div style="display:inline-block;width:3.77px"> </div>– performance<div style="display:inline-block;width:3.63px"> </div>awards,<div style="display:inline-block;width:3.48px"> </div>USD </div><div id="a90853_148_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:505.193px;top:236.4px;">20</div><div id="a90853_150_33" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:513.705px;top:236.4px;">m within Social<div style="display:inline-block;width:3.93px"> </div>security and<div style="display:inline-block;width:3.64px"> </div>USD </div><div id="a90853_183_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:621.527px;top:236.4px;">20</div><div id="a90853_185_15" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:630.039px;top:236.4px;">m within Other </div><div id="a90858" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:246.9px;">personnel expenses.<div style="display:inline-block;width:10.88px"> </div>4 Consists of<div style="display:inline-block;width:3.63px"> </div>cash and<div style="display:inline-block;width:3.64px"> </div>deferred compensation<div style="display:inline-block;width:3.78px"> </div>awards and is<div style="display:inline-block;width:4.11px"> </div>based on compensable<div style="display:inline-block;width:4.13px"> </div>revenues and firm<div style="display:inline-block;width:4.25px"> </div>tenure using a<div style="display:inline-block;width:3.48px"> </div>formulaic<div style="display:inline-block;width:3.46px"> </div>approach. It also<div style="display:inline-block;width:3.64px"> </div>includes expenses<div style="display:inline-block;width:3.47px"> </div>related to compensation </div><div id="a90860" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:256.8px;">commitments with financial<div style="display:inline-block;width:4.08px"> </div>advisors entered into<div style="display:inline-block;width:3.92px"> </div>at the time<div style="display:inline-block;width:3.63px"> </div>of recruitment that<div style="display:inline-block;width:3.94px"> </div>are subject to<div style="display:inline-block;width:3.47px"> </div>vesting requirements.<div style="display:inline-block;width:11.02px"> </div>5 Refer to Note<div style="display:inline-block;width:4.21px"> </div>26 for more information.<div style="display:inline-block;width:4.45px"> </div>Includes curtailment<div style="display:inline-block;width:4.1px"> </div>gains of USD </div><div id="a90860_196_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:624.867px;top:256.8px;">20</div><div id="a90860_198_15" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:633.379px;top:256.8px;">m for the year </div><div id="a90864" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:266.7px;">ended 31 December 2022 (for the year ended 31 December 2021: USD </div><div id="a90864_65_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:226.391px;top:266.7px;">80</div><div id="a90864_67_44" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:234.903px;top:266.7px;">m; for the year ended 31 December 2020: USD </div><div id="a90864_111_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:382.921px;top:266.7px;">0</div><div id="a90864_112_95" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:387.178px;top:266.7px;">m), which represent a reduction in the defined benefit<div style="display:inline-block;width:3.61px"> </div>obligation related to the Swiss pension </div><div id="a90868" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:277.1px;">plan resulting from a decrease<div style="display:inline-block;width:3.49px"> </div>in headcount following restructuring<div style="display:inline-block;width:4.09px"> </div>activities.</div></div></div></div> 7045000000 7339000000 7023000000 7954000000 8280000000 7520000000 3205000000 3190000000 3209000000 4508000000 4860000000 4091000000 241000000 229000000 220000000 323000000 381000000 375000000 944000000 978000000 899000000 794000000 833000000 845000000 437000000 470000000 502000000 357000000 363000000 343000000 621000000 576000000 561000000 17680000000 18387000000 17224000000 280000000 240000000 20000000 20000000 20000000 80000000 0 <div id="TextBlockContainer304" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:296px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a90874" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 7<div style="display:inline-block;width:8px"> </div>General and administrative expenses</div></div><div id="TextBlockContainer308" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:202px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_306_XBRL_TS_48afed1237c84488bfa38fda4f633892" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer307" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:202px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a90881" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.497px;top:0px;">For the year ended </div><div id="a90883" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:15.6px;">USD m </div><div id="a90886" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.564px;top:15.6px;">31.12.22 </div><div id="a90888" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.697px;top:15.6px;">31.12.21 </div><div id="a90890" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:15.6px;">31.12.20 </div><div id="a90892" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:31.2px;">Outsourcing costs </div><div id="a90895_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:31.2px;">896</div><div id="a90898_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:31.2px;">893</div><div id="a90901_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:31.2px;">951</div><div id="a90904" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:47.8px;">Technology costs </div><div id="a90908_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:47.8px;">1,146</div><div id="a90911_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:47.8px;">1,055</div><div id="a90914_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:47.8px;">949</div><div id="a90917" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:63.9px;">Consulting, legal and audit fees </div><div id="a90920_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:63.9px;">592</div><div id="a90923_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:63.9px;">540</div><div id="a90926_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:63.9px;">646</div><div id="a90929" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:80.4px;">Real estate and logistics costs </div><div id="a90932_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:80.4px;">605</div><div id="a90935_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:80.4px;">634</div><div id="a90938_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:80.4px;">671</div><div id="a90941" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:97px;">Market data services </div><div id="a90944_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:97px;">419</div><div id="a90947_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:97px;">417</div><div id="a90950_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:97px;">413</div><div id="a90953" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.1px;">Marketing and communication </div><div id="a90956_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:113.1px;">265</div><div id="a90959_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:113.1px;">242</div><div id="a90962_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:113.1px;">217</div><div id="a90965" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:129.6px;">Travel and entertainment </div><div id="a90968_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:129.6px;">172</div><div id="a90971_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.844px;top:129.6px;">72</div><div id="a90974_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:129.6px;">84</div><div id="a90977" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:145.7px;">Litigation, regulatory and similar matters</div><div id="a90978" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:150.35px;top:146.4px;">1</div><div id="a90981_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:145.7px;">348</div><div id="a90984_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:145.7px;">911</div><div id="a90987_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:145.7px;">197</div><div id="a90990" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:162.3px;">Other </div><div id="a90993_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:162.3px;">746</div><div id="a90996_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:162.3px;">788</div><div id="a90999_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:162.3px;">757</div><div id="a91002" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:178.3px;">Total general and administrative<div style="display:inline-block;width:4.02px"> </div>expenses </div><div id="a91005_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:178.3px;">5,189</div><div id="a91008_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:178.3px;">5,553</div><div id="a91011_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:178.3px;">4,885</div><div id="a91014" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:193.8px;">1 Reflects the net increase in<div style="display:inline-block;width:3.67px"> </div>provisions for litigation, regulatory<div style="display:inline-block;width:3.58px"> </div>and similar matters recognized<div style="display:inline-block;width:4.25px"> </div>in the income statement.<div style="display:inline-block;width:3.47px"> </div>Refer to Note 17 for<div style="display:inline-block;width:3.5px"> </div>more information.</div></div></div></div> <div id="TextBlockContainer307" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:202px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a90881" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.497px;top:0px;">For the year ended </div><div id="a90883" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:15.6px;">USD m </div><div id="a90886" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.564px;top:15.6px;">31.12.22 </div><div id="a90888" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.697px;top:15.6px;">31.12.21 </div><div id="a90890" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:15.6px;">31.12.20 </div><div id="a90892" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:31.2px;">Outsourcing costs </div><div id="a90895_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:31.2px;">896</div><div id="a90898_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:31.2px;">893</div><div id="a90901_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:31.2px;">951</div><div id="a90904" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:47.8px;">Technology costs </div><div id="a90908_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:47.8px;">1,146</div><div id="a90911_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:47.8px;">1,055</div><div id="a90914_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:47.8px;">949</div><div id="a90917" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:63.9px;">Consulting, legal and audit fees </div><div id="a90920_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:63.9px;">592</div><div id="a90923_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:63.9px;">540</div><div id="a90926_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:63.9px;">646</div><div id="a90929" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:80.4px;">Real estate and logistics costs </div><div id="a90932_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:80.4px;">605</div><div id="a90935_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:80.4px;">634</div><div id="a90938_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:80.4px;">671</div><div id="a90941" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:97px;">Market data services </div><div id="a90944_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:97px;">419</div><div id="a90947_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:97px;">417</div><div id="a90950_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:97px;">413</div><div id="a90953" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.1px;">Marketing and communication </div><div id="a90956_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:113.1px;">265</div><div id="a90959_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:113.1px;">242</div><div id="a90962_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:113.1px;">217</div><div id="a90965" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:129.6px;">Travel and entertainment </div><div id="a90968_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:129.6px;">172</div><div id="a90971_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.844px;top:129.6px;">72</div><div id="a90974_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:129.6px;">84</div><div id="a90977" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:145.7px;">Litigation, regulatory and similar matters</div><div id="a90978" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:150.35px;top:146.4px;">1</div><div id="a90981_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:145.7px;">348</div><div id="a90984_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:145.7px;">911</div><div id="a90987_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:145.7px;">197</div><div id="a90990" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:162.3px;">Other </div><div id="a90993_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:162.3px;">746</div><div id="a90996_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:162.3px;">788</div><div id="a90999_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:162.3px;">757</div><div id="a91002" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:178.3px;">Total general and administrative<div style="display:inline-block;width:4.02px"> </div>expenses </div><div id="a91005_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:178.3px;">5,189</div><div id="a91008_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:178.3px;">5,553</div><div id="a91011_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:178.3px;">4,885</div><div id="a91014" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:193.8px;">1 Reflects the net increase in<div style="display:inline-block;width:3.67px"> </div>provisions for litigation, regulatory<div style="display:inline-block;width:3.58px"> </div>and similar matters recognized<div style="display:inline-block;width:4.25px"> </div>in the income statement.<div style="display:inline-block;width:3.47px"> </div>Refer to Note 17 for<div style="display:inline-block;width:3.5px"> </div>more information.</div></div> 896000000 893000000 951000000 1146000000 1055000000 949000000 592000000 540000000 646000000 605000000 634000000 671000000 419000000 417000000 413000000 265000000 242000000 217000000 172000000 72000000 84000000 348000000 911000000 197000000 746000000 788000000 757000000 5189000000 5553000000 4885000000 <div id="TextBlockContainer310" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:146px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a91053" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 8<div style="display:inline-block;width:8px"> </div>Income taxes</div></div><div id="TextBlockContainer314" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:167px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_312_XBRL_TS_c9a7c727aeca498c93746dbaeb2a7723" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer313" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:167px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a91058" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.497px;top:0px;">For the year ended </div><div id="a91060" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:13.7px;">USD m </div><div id="a91063" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.564px;top:13.7px;">31.12.22 </div><div id="a91065" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.697px;top:13.7px;">31.12.21 </div><div id="a91067" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:13.7px;">31.12.20 </div><div id="a91074" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:3.181px;top:38.6px;">Tax<div style="display:inline-block;width:4.39px"> </div>expense / (benefit) </div><div id="a91080" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:51.6px;">Swiss </div><div id="a91086" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:64.8px;">Current </div><div id="a91089_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:64.8px;">730</div><div id="a91092_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:64.8px;">680</div><div id="a91095_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:64.8px;">482</div><div id="a91098" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:78.1px;">Deferred </div><div id="a91101_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.95px;top:78.1px;display:flex;">(15)</div><div id="a91104_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.844px;top:78.1px;">34</div><div id="a91107_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:78.1px;">116</div><div id="a91110" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:91.3px;">Total Swiss </div><div id="a91113_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:91.3px;">715</div><div id="a91116_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:91.3px;">714</div><div id="a91119_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:91.3px;">598</div><div id="a91122" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:104.1px;">Non-Swiss </div><div id="a91130" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:117.3px;">Current </div><div id="a91133_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:117.3px;">718</div><div id="a91136_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:117.3px;">884</div><div id="a91139_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:117.3px;">749</div><div id="a91142" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:130.6px;">Deferred </div><div id="a91145_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:130.6px;">509</div><div id="a91148_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:130.6px;">400</div><div id="a91151_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:130.6px;">236</div><div id="a91154" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:144.3px;">Total non-Swiss </div><div id="a91159_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:144.3px;">1,227</div><div id="a91162_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:144.3px;">1,284</div><div id="a91165_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:144.3px;">985</div><div id="a91168" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:156.6px;">Total income tax expense<div style="display:inline-block;width:4.08px"> </div>/ (benefit) recognized in the income statement </div><div id="a91171_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:156.6px;">1,942</div><div id="a91174_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:156.6px;">1,998</div><div id="a91177_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:156.6px;">1,583</div></div></div></div><div id="TextBlockContainer316" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:174px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a91180" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Income tax recognized in the income<div style="display:inline-block;width:5.22px"> </div>statement </div><div id="a91183" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23px;">The Swiss current tax expenses related<div style="display:inline-block;width:5.1px"> </div>to taxable profits of UBS Switzerland<div style="display:inline-block;width:5.36px"> </div>AG and other Swiss entities. </div><div id="a91187" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:46.2px;">The<div style="display:inline-block;width:5.4px"> </div>non-Swiss<div style="display:inline-block;width:5.82px"> </div>current<div style="display:inline-block;width:5.21px"> </div>tax<div style="display:inline-block;width:5.32px"> </div>expenses<div style="display:inline-block;width:5.5px"> </div>related<div style="display:inline-block;width:5.71px"> </div>to<div style="display:inline-block;width:5.25px"> </div>taxable<div style="display:inline-block;width:5.42px"> </div>profits<div style="display:inline-block;width:5.33px"> </div>of<div style="display:inline-block;width:5.25px"> </div>non-Swiss<div style="display:inline-block;width:5.91px"> </div>subsidiaries<div style="display:inline-block;width:5.96px"> </div>and<div style="display:inline-block;width:5.61px"> </div>branches.<div style="display:inline-block;width:5.71px"> </div>The<div style="display:inline-block;width:5.43px"> </div>non-Swiss </div><div id="a91200" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61.3px;">deferred tax<div style="display:inline-block;width:5.61px"> </div>expenses<div style="display:inline-block;width:5.59px"> </div>include expenses<div style="display:inline-block;width:6.31px"> </div>of USD </div><div id="a91200_46_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:281.245px;top:61.3px;">678</div><div id="a91200_49_68" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:303.945px;top:61.3px;">m that<div style="display:inline-block;width:5.57px"> </div>primarily related<div style="display:inline-block;width:6.49px"> </div>to the<div style="display:inline-block;width:6.35px"> </div>amortization<div style="display:inline-block;width:5.36px"> </div>of deferred<div style="display:inline-block;width:6.01px"> </div>tax assets </div><div id="a91213" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.5px;">(DTAs)<div style="display:inline-block;width:6.7px"> </div>previously<div style="display:inline-block;width:6.28px"> </div>recognized<div style="display:inline-block;width:6.53px"> </div>in<div style="display:inline-block;width:6.25px"> </div>relation<div style="display:inline-block;width:6.28px"> </div>to<div style="display:inline-block;width:6.2px"> </div>tax<div style="display:inline-block;width:6.27px"> </div>losses<div style="display:inline-block;width:6.39px"> </div>carried<div style="display:inline-block;width:6.21px"> </div>forward<div style="display:inline-block;width:6.44px"> </div>and<div style="display:inline-block;width:6.55px"> </div>deductible<div style="display:inline-block;width:6.87px"> </div>temporary<div style="display:inline-block;width:6.21px"> </div>differences<div style="display:inline-block;width:6.31px"> </div>of<div style="display:inline-block;width:6.2px"> </div>UBS </div><div id="a91215" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:91.6px;">Americas<div style="display:inline-block;width:5.26px"> </div>Inc.,<div style="display:inline-block;width:5.37px"> </div>which<div style="display:inline-block;width:5.41px"> </div>were<div style="display:inline-block;width:5.39px"> </div>partly offset<div style="display:inline-block;width:6.34px"> </div>by<div style="display:inline-block;width:5.2px"> </div>a<div style="display:inline-block;width:5.2px"> </div>benefit<div style="display:inline-block;width:5.2px"> </div>of<div style="display:inline-block;width:5.25px"> </div>USD </div><div id="a91215_60_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:357.445px;top:91.6px;">169</div><div id="a91215_63_52" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:380.138px;top:91.6px;">m<div style="display:inline-block;width:5.05px"> </div>in respect<div style="display:inline-block;width:6.33px"> </div>of<div style="display:inline-block;width:5.32px"> </div>net upward<div style="display:inline-block;width:7.13px"> </div>revaluations<div style="display:inline-block;width:5.43px"> </div>of<div style="display:inline-block;width:5.25px"> </div>DTAs<div style="display:inline-block;width:5.08px"> </div>for </div><div id="a91231" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.2px;">certain entities, primarily in connection<div style="display:inline-block;width:5.19px"> </div>with our business planning<div style="display:inline-block;width:5.37px"> </div>process.<div style="display:inline-block;width:3.58px"> </div></div><div id="a91234" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:129.9px;">The effective tax rate for the year of </div><div id="a91234_39_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:212.632px;top:129.9px;">20.2</div><div id="a91234_43_51" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:239.114px;top:129.9px;">% is lower than our projected<div style="display:inline-block;width:5.1px"> </div>rate for the year of </div><div id="a91234_94_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:524.415px;top:129.9px;">24</div><div id="a91234_96_28" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:539.548px;top:129.9px;">%, primarily as a result of </div><div id="a91246" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:145.1px;">the aforementioned deferred tax benefit of USD </div><div id="a91246_47_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:279.352px;top:145.1px;">169</div><div id="a91246_50_67" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:302.051px;top:145.1px;">m in respect of<div style="display:inline-block;width:2.18px"> </div>net upward revaluations of DTAs and because no tax </div><div id="a91252" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.7px;">expenses were recognized in<div style="display:inline-block;width:5.07px"> </div>respect of pre-tax gains from dispositions<div style="display:inline-block;width:5.3px"> </div>of UBS subsidiaries in 2022.</div></div><div id="TextBlockContainer320" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:253px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_318_XBRL_TS_ab0943669695458e8cbb03529ea81cf2" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer319" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:253px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a91269" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.497px;top:0px;">For the year ended </div><div id="a91271" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:13.7px;">USD m </div><div id="a91274" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.564px;top:13.7px;">31.12.22 </div><div id="a91276" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.697px;top:13.7px;">31.12.21 </div><div id="a91278" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:13.7px;">31.12.20 </div><div id="a91280" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:27.4px;">Operating profit / (loss) before tax </div><div id="a91283_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:27.4px;">9,604</div><div id="a91286_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:27.4px;">9,484</div><div id="a91289_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:27.4px;">8,155</div><div id="a91292" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:41.6px;">of which: Swiss </div><div id="a91295_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:520.377px;top:41.6px;">4,425</div><div id="a91298_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:588.51px;top:41.6px;">3,334</div><div id="a91301_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:41.6px;">3,403</div><div id="a91304" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:55.8px;">of which: non-Swiss </div><div id="a91310_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:520.377px;top:55.8px;">5,178</div><div id="a91313_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:588.51px;top:55.8px;">6,150</div><div id="a91316_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:55.8px;">4,752</div><div id="a91319" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:70.5px;">Income taxes at Swiss tax rate of </div><div id="a91319_34_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:124.245px;top:70.5px;">18</div><div id="a91319_36_12" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:134.177px;top:70.5px;">% for 2022, </div><div id="a91319_48_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:180.995px;top:70.5px;">18.5</div><div id="a91319_52_15" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:198.019px;top:70.5px;">% for 2021 and </div><div id="a91319_67_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:258.552px;top:70.5px;">19.5</div><div id="a91319_71_11" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:275.576px;top:70.5px;">% for 2020 </div><div id="a91322_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:70.5px;">1,729</div><div id="a91325_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:70.5px;">1,755</div><div id="a91328_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:70.5px;">1,590</div><div id="a91331" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:84.7px;">Increase / (decrease) resulting from: </div><div id="a91337" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:98.9px;">Non-Swiss tax rates differing from Swiss tax rate </div><div id="a91342_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:98.9px;">284</div><div id="a91345_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:98.9px;">234</div><div id="a91348_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:98.9px;">110</div><div id="a91351" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.5px;">Tax effects of losses not recognized </div><div id="a91355_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:532.684px;top:113.5px;">74</div><div id="a91358_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:113.5px;">124</div><div id="a91361_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:113.5px;">144</div><div id="a91364" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:127.7px;">Previously unrecognized tax losses now utilized </div><div id="a91367_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:522.75px;top:127.7px;display:flex;">(217)</div><div id="a91370_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:590.884px;top:127.7px;display:flex;">(179)</div><div id="a91373_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.044px;top:127.7px;display:flex;">(212)</div><div id="a91376" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:141.9px;">Non-taxable and lower-taxed income </div><div id="a91383_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:522.75px;top:141.9px;display:flex;">(335)</div><div id="a91386_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:590.884px;top:141.9px;display:flex;">(278)</div><div id="a91389_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.044px;top:141.9px;display:flex;">(394)</div><div id="a91392" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:156.6px;">Non-deductible expenses and additional taxable income </div><div id="a91397_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:156.6px;">429</div><div id="a91400_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:156.6px;">510</div><div id="a91403_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:156.6px;">385</div><div id="a91406" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:170.8px;">Adjustments related to prior years, current<div style="display:inline-block;width:3.79px"> </div>tax </div><div id="a91409_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.95px;top:170.8px;display:flex;">(41)</div><div id="a91412_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:170.8px;display:flex;">(40)</div><div id="a91415_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:170.8px;display:flex;">(67)</div><div id="a91418" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:185px;">Adjustments related to prior years, deferred<div style="display:inline-block;width:3.92px"> </div>tax </div><div id="a91421_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:532.684px;top:185px;">13</div><div id="a91424_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:185px;display:flex;">(10)</div><div id="a91427_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:185px;">12</div><div id="a91430" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:199.6px;">Change in deferred tax recognition </div><div id="a91433_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:522.75px;top:199.6px;display:flex;">(217)</div><div id="a91436_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:590.884px;top:199.6px;display:flex;">(342)</div><div id="a91439_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.044px;top:199.6px;display:flex;">(381)</div><div id="a91442" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:213.8px;">Adjustments to deferred tax balances arising from changes in<div style="display:inline-block;width:3.79px"> </div>tax rates </div><div id="a91446_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:537.404px;top:213.8px;">0</div><div id="a91449_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.364px;top:213.8px;display:flex;">(5)</div><div id="a91452_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:213.8px;">234</div><div id="a91455" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:228px;">Other items </div><div id="a91458_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:228px;">222</div><div id="a91461_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:228px;">231</div><div id="a91464_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:228px;">161</div><div id="a91467" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:242.2px;">Income tax expense / (benefit) </div><div id="a91470_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:242.2px;">1,942</div><div id="a91473_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:242.2px;">1,998</div><div id="a91476_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:242.2px;">1,583</div></div></div></div><div id="TextBlockContainer322" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:29px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a91518" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">The components of operating profit<div style="display:inline-block;width:2.17px"> </div>before tax, and the<div style="display:inline-block;width:2.27px"> </div>differences between income tax<div style="display:inline-block;width:2.32px"> </div>expense reflected in the financial </div><div id="a91520" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">statements and the amounts<div style="display:inline-block;width:5.06px"> </div>calculated at the Swiss tax rate, are provided<div style="display:inline-block;width:5.68px"> </div>in the table above<div style="display:inline-block;width:5.18px"> </div>and explained below.</div></div><div id="TextBlockContainer324" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:691px;height:572px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a91526" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:0px;">Component </div><div id="a91528" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:148.952px;top:0px;">Description </div><div id="a91530" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:21.7px;">Non-Swiss tax rates </div><div id="a91533" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:34px;">differing from the </div><div id="a91535" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:45.9px;">Swiss tax rate </div><div id="a91537" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.952px;top:22px;">To<div style="display:inline-block;width:4.33px"> </div>the extent that Group profits<div style="display:inline-block;width:4.2px"> </div>or losses arise outside Switzerland, the applicable<div style="display:inline-block;width:4.29px"> </div>local tax rate may differ from<div style="display:inline-block;width:4.09px"> </div>the Swiss </div><div id="a91539" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.952px;top:34.3px;">tax rate. This item reflects,<div style="display:inline-block;width:4.14px"> </div>for such profits, an adjustment from<div style="display:inline-block;width:4.43px"> </div>the tax expense that would arise at the Swiss tax rate<div style="display:inline-block;width:4.24px"> </div>to </div><div id="a91540" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.952px;top:46.1px;">the tax expense that would arise at<div style="display:inline-block;width:4.39px"> </div>the applicable local tax rate. Similarly,<div style="display:inline-block;width:4.71px"> </div>it reflects, for such losses, an adjustment from </div><div id="a91542" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.952px;top:58px;">the tax benefit that would arise<div style="display:inline-block;width:4.16px"> </div>at the Swiss tax rate to the tax benefit that would arise<div style="display:inline-block;width:4.16px"> </div>at the applicable local tax rate. </div><div id="a91544" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:81.4px;">Tax<div style="display:inline-block;width:4.39px"> </div>effects of losses </div><div id="a91545" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:93.7px;">not recognized </div><div id="a91548" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.952px;top:81.6px;">This item relates to tax losses<div style="display:inline-block;width:4.43px"> </div>of entities arising in the year that are not<div style="display:inline-block;width:4.33px"> </div>recognized as DTAs and<div style="display:inline-block;width:4.29px"> </div>where no tax benefit arises </div><div id="a91550" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.952px;top:93.9px;">in relation to those losses. Therefore,<div style="display:inline-block;width:5.14px"> </div>the tax benefit calculated by applying the local tax<div style="display:inline-block;width:4.17px"> </div>rate to those losses as described </div><div id="a91552" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.952px;top:105.7px;">above is reversed. </div><div id="a91554" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:129.1px;">Previously </div><div id="a91555" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:141px;">unrecognized tax<div style="display:inline-block;width:4.19px"> </div>losses </div><div id="a91556" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:153.3px;">now utilized </div><div id="a91558" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.952px;top:129.4px;">This item relates to taxable<div style="display:inline-block;width:4.36px"> </div>profits of the year that are offset by tax<div style="display:inline-block;width:4.17px"> </div>losses of previous years for which no<div style="display:inline-block;width:4.47px"> </div>DTAs were </div><div id="a91559" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.952px;top:141.2px;">previously recorded.<div style="display:inline-block;width:4.47px"> </div>Consequently, no current<div style="display:inline-block;width:4.6px"> </div>tax or deferred tax expense arises in<div style="display:inline-block;width:4.19px"> </div>relation to those taxable profits and </div><div id="a91561" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.952px;top:153.5px;">the tax expense calculated by applying<div style="display:inline-block;width:4.63px"> </div>the local tax rate on those profits is reversed. </div><div id="a91563" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:176.9px;">Non-taxable and lower-</div><div id="a91567" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:188.7px;">taxed income </div><div id="a91569" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.952px;top:177.2px;">This item relates to tax deductions<div style="display:inline-block;width:4.58px"> </div>for the year in respect of permanent differences.<div style="display:inline-block;width:4.47px"> </div>These include deductions in respect<div style="display:inline-block;width:4.23px"> </div>of </div><div id="a91571" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.952px;top:189px;">profits that are either not<div style="display:inline-block;width:4.45px"> </div>taxable or are taxable at a lower rate of<div style="display:inline-block;width:4.21px"> </div>tax than the local tax rate. They also include deductions </div><div id="a91573" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.952px;top:200.8px;">made for tax purposes, which are<div style="display:inline-block;width:4.49px"> </div>not reflected in the accounts. </div><div id="a91575" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:224.3px;">Non-deductible </div><div id="a91579" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:236.5px;">expenses and </div><div id="a91580" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:248.4px;">additional taxable </div><div id="a91581" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:260.2px;">income </div><div id="a91583" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.952px;top:224.5px;">This item relates to additional<div style="display:inline-block;width:4.1px"> </div>taxable income for the year in respect<div style="display:inline-block;width:4.36px"> </div>of permanent differences. These include<div style="display:inline-block;width:4.42px"> </div>income that </div><div id="a91584" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.952px;top:236.8px;">is recognized for tax purposes<div style="display:inline-block;width:4.33px"> </div>by an entity but is not included in its profit<div style="display:inline-block;width:4.23px"> </div>that is reported in the financial statements,<div style="display:inline-block;width:4.13px"> </div>as </div><div id="a91586" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.952px;top:248.6px;">well as expenses for the year that are<div style="display:inline-block;width:4.66px"> </div>non-deductible (e.g., client entertainment<div style="display:inline-block;width:4.16px"> </div>costs are not deductible in certain </div><div id="a91589" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.952px;top:260.4px;">locations). </div><div id="a91591" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:283.8px;">Adjustments related to </div><div id="a91592" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:296.2px;">prior years,<div style="display:inline-block;width:3.32px"> </div>current tax </div><div id="a91597" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.952px;top:284.1px;">This item relates to adjustments<div style="display:inline-block;width:4.21px"> </div>to current tax expense for prior years<div style="display:inline-block;width:4.36px"> </div>(e.g., if the tax payable for a year is agreed with the </div><div id="a91599" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.952px;top:296.4px;">tax authorities in an amount<div style="display:inline-block;width:4.15px"> </div>that differs from the amount previously<div style="display:inline-block;width:4.15px"> </div>reflected in the financial statements). </div><div id="a91601" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:319.8px;">Adjustments related to </div><div id="a91602" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:331.6px;">prior years,<div style="display:inline-block;width:3.32px"> </div>deferred </div><div id="a91607" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:343.5px;">tax </div><div id="a91609" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.952px;top:320px;">This item relates to adjustments<div style="display:inline-block;width:4.18px"> </div>to deferred tax positions recognized<div style="display:inline-block;width:4.11px"> </div>in prior years (e.g., if a tax loss for a<div style="display:inline-block;width:4.4px"> </div>year is fully </div><div id="a91611" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.952px;top:331.9px;">recognized and<div style="display:inline-block;width:4.1px"> </div>the amount of the tax loss agreed with the tax<div style="display:inline-block;width:4.17px"> </div>authorities is expected to differ<div style="display:inline-block;width:4.11px"> </div>from the amount previously </div><div id="a91613" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.952px;top:343.7px;">recognized as DTAs<div style="display:inline-block;width:4.62px"> </div>in the accounts). </div><div id="a91615" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:367.1px;">Change in deferred tax </div><div id="a91616" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:379.4px;">recognition </div><div id="a91618" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.952px;top:367.4px;">This item relates to changes<div style="display:inline-block;width:4.18px"> </div>in DTAs, including<div style="display:inline-block;width:4.48px"> </div>changes in DTAs previously<div style="display:inline-block;width:4.31px"> </div>recognized resulting from reassessments<div style="display:inline-block;width:4.16px"> </div>of </div><div id="a91622" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.952px;top:379.7px;">expected future taxable profits.<div style="display:inline-block;width:4.61px"> </div>It also includes changes in temporary differences<div style="display:inline-block;width:4.74px"> </div>in the year, for<div style="display:inline-block;width:4.3px"> </div>which deferred tax is not </div><div id="a91624" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.952px;top:391.5px;">recognized. </div><div id="a91626" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:414.9px;">Adjustments to </div><div id="a91627" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:426.7px;">deferred tax balances </div><div id="a91628" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:439px;">arising from changes in </div><div id="a91629" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:450.9px;">tax rates </div><div id="a91631" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.952px;top:415.1px;">This item relates to remeasurements<div style="display:inline-block;width:4.71px"> </div>of DTAs and<div style="display:inline-block;width:4.16px"> </div>liabilities recognized due to changes in<div style="display:inline-block;width:4.23px"> </div>tax rates. These have the effect </div><div id="a91633" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.952px;top:427px;">of changing the future tax<div style="display:inline-block;width:4.1px"> </div>saving that is expected from tax<div style="display:inline-block;width:4.12px"> </div>losses or deductible tax differences and<div style="display:inline-block;width:4.5px"> </div>therefore the amount </div><div id="a91634" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.952px;top:439.3px;">of DTAs recognized<div style="display:inline-block;width:4.62px"> </div>or, alternatively,<div style="display:inline-block;width:4.73px"> </div>changing the tax cost of additional<div style="display:inline-block;width:4.15px"> </div>taxable income from taxable temporary </div><div id="a91636" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.952px;top:451.1px;">differences and<div style="display:inline-block;width:4.29px"> </div>therefore the deferred tax liability. </div><div id="a91638" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:474.5px;">Other items </div><div id="a91640" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.952px;top:474.7px;">Other items include other differences<div style="display:inline-block;width:4.84px"> </div>between profits or losses at the local tax<div style="display:inline-block;width:4.18px"> </div>rate and the actual local tax expense or </div><div id="a91641" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.952px;top:486.6px;">benefit, including movements<div style="display:inline-block;width:4.26px"> </div>in provisions for uncertain positions in<div style="display:inline-block;width:4.14px"> </div>relation to the current year and<div style="display:inline-block;width:4.13px"> </div>other items. </div><div id="a91644" style="position:absolute;font-family:'Frutiger';font-size:11.823px;font-weight:light;font-style:normal;left:3.679px;top:506.6px;"> </div><div id="a91645" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:bold;font-style:normal;color:#E60000;left:3.679px;top:519.7px;">Income tax recognized directly in equity </div><div id="a91647" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:542.7px;">A net tax benefit of USD </div><div id="a91647_25_5" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:146.592px;top:542.7px;">1,116</div><div id="a91647_30_20" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:180.645px;top:542.7px;">m was recognized in </div><div id="a91654" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:italic;left:301.326px;top:542.4px;">Other comprehensive income</div><div id="a91655" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:467.406px;top:542.7px;"><div style="display:inline-block;width:3.79px"> </div>(2021: net benefit<div style="display:inline-block;width:5.12px"> </div>of USD </div><div id="a91655_27_3" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:622.619px;top:542.7px;">479</div><div id="a91655_30_7" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:645.312px;top:542.7px;">m) and </div><div id="a91666" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:557.8px;">a net tax benefit of USD </div><div id="a91666_25_2" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:144.232px;top:557.8px;">13</div><div id="a91666_27_20" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:159.366px;top:557.8px;">m was recognized in </div><div id="a91675" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:italic;left:280.019px;top:557.6px;">Share premium </div><div id="a91676" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:370.406px;top:557.8px;">(2021: net expense of<div style="display:inline-block;width:5.05px"> </div>USD </div><div id="a91676_26_2" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:527.499px;top:557.8px;">88</div><div id="a91676_28_3" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:542.639px;top:557.8px;">m).</div></div><div id="TextBlockContainer326" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:204px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a91725" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Deferred tax assets and liabilities </div><div id="a91727" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23px;">The Group has<div style="display:inline-block;width:5.03px"> </div>gross DTAs,<div style="display:inline-block;width:5.83px"> </div>valuation allowances and recognized<div style="display:inline-block;width:5.55px"> </div>DTAs<div style="display:inline-block;width:5.04px"> </div>related to tax<div style="display:inline-block;width:5.13px"> </div>loss carry-forwards and<div style="display:inline-block;width:5.33px"> </div>deductible </div><div id="a91731" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.7px;">temporary differences, as well as deferred tax liabilities in respect of taxable temporary differences, as shown in the table </div><div id="a91733" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">below.<div style="display:inline-block;width:5.5px"> </div>The valuation<div style="display:inline-block;width:5.08px"> </div>allowances reflect<div style="display:inline-block;width:5.87px"> </div>DTAs<div style="display:inline-block;width:5.51px"> </div>that were<div style="display:inline-block;width:5.39px"> </div>not recognized<div style="display:inline-block;width:5.94px"> </div>because, as<div style="display:inline-block;width:5.71px"> </div>of the last<div style="display:inline-block;width:5.77px"> </div>remeasurement<div style="display:inline-block;width:5.71px"> </div>period, </div><div id="a91735" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:69.4px;">management<div style="display:inline-block;width:5.35px"> </div>did<div style="display:inline-block;width:5.5px"> </div>not<div style="display:inline-block;width:5.45px"> </div>consider it<div style="display:inline-block;width:6.19px"> </div>probable<div style="display:inline-block;width:5.52px"> </div>that<div style="display:inline-block;width:5.1px"> </div>there<div style="display:inline-block;width:5.34px"> </div>would<div style="display:inline-block;width:5.34px"> </div>be sufficient<div style="display:inline-block;width:6.28px"> </div>future<div style="display:inline-block;width:5.39px"> </div>taxable<div style="display:inline-block;width:5.89px"> </div>profits<div style="display:inline-block;width:5.33px"> </div>available to<div style="display:inline-block;width:6.46px"> </div>utilize<div style="display:inline-block;width:5.21px"> </div>the </div><div id="a91736" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:84.5px;">related tax loss carry-forwards<div style="display:inline-block;width:5.4px"> </div>and deductible temporary differences<div style="display:inline-block;width:1.81px"> </div>. </div><div id="a91741" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.3px;">The recognition of DTAs<div style="display:inline-block;width:5.19px"> </div>is supported by<div style="display:inline-block;width:5.16px"> </div>forecasts of taxable profits<div style="display:inline-block;width:5.31px"> </div>for the entities<div style="display:inline-block;width:5.09px"> </div>concerned. In<div style="display:inline-block;width:5.05px"> </div>addition, tax planning </div><div id="a91742" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:122.4px;">opportunities are available that would result in additional future taxable<div style="display:inline-block;width:1.79px"> </div>income and these would be utilized, if<div style="display:inline-block;width:1.94px"> </div>necessary. </div><div id="a91744" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:145.6px;">Deferred tax liabilities<div style="display:inline-block;width:5.64px"> </div>are recognized<div style="display:inline-block;width:5.31px"> </div>in respect of<div style="display:inline-block;width:5.54px"> </div>investments in subsidiaries,<div style="display:inline-block;width:5.64px"> </div>branches<div style="display:inline-block;width:5.03px"> </div>and associates, and<div style="display:inline-block;width:5.74px"> </div>interests in </div><div id="a91747" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.7px;">joint arrangements,<div style="display:inline-block;width:5.02px"> </div>except to the<div style="display:inline-block;width:5.15px"> </div>extent that the<div style="display:inline-block;width:5.05px"> </div>Group can control<div style="display:inline-block;width:5.29px"> </div>the timing of the<div style="display:inline-block;width:5.55px"> </div>reversal of the<div style="display:inline-block;width:5.18px"> </div>associated taxable </div><div id="a91748" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:175.8px;">temporary difference and it is probable<div style="display:inline-block;width:5.43px"> </div>that such will not reverse in the foreseeable<div style="display:inline-block;width:5.07px"> </div>future. However, as of 31 December </div><div id="a91753" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:191px;">2022, this exception was not<div style="display:inline-block;width:5.01px"> </div>considered to apply to any<div style="display:inline-block;width:5.03px"> </div>taxable temporary differences.</div></div><div id="TextBlockContainer329" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:267px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a91761" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a91765" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:339.644px;top:0px;">31.12.22 </div><div id="a91770" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:555.884px;top:0px;">31.12.21 </div><div id="a91773" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:3.181px;top:27.7px;">Deferred tax assets</div><div id="a91774" style="position:absolute;font-family:'Frutiger';font-size:6.148px;font-weight:bold;font-style:normal;color:#9A3D37;left:93.564px;top:28.4px;">1</div><div id="a91777" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:295.63px;top:27.4px;">Gross </div><div id="a91779" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:356.657px;top:15.6px;">Valuation </div><div id="a91781" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:354.777px;top:27.4px;">allowance </div><div id="a91783" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:420.537px;top:27.4px;">Recognized </div><div id="a91786" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.404px;top:27.4px;">Gross </div><div id="a91788" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.91px;top:15.6px;">Valuation </div><div id="a91790" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.017px;top:27.4px;">allowance </div><div id="a91792" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:636.777px;top:27.4px;">Recognized </div><div id="a91794" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:40.7px;">Tax loss carry-forwards </div><div id="a91799_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:289.484px;top:40.7px;">12,708</div><div id="a91802_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:365.177px;top:40.7px;display:flex;">(8,720)</div><div id="a91805_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:440.404px;top:40.7px;">3,988</div><div id="a91809_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.257px;top:40.7px;">13,636</div><div id="a91812_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.95px;top:40.7px;display:flex;">(9,193)</div><div id="a91815_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:40.7px;">4,443</div><div id="a91818" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:54.9px;">Temporary differences </div><div id="a91821_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:294.204px;top:54.9px;">5,814</div><div id="a91824_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:372.27px;top:54.9px;display:flex;">(414)</div><div id="a91827_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:440.404px;top:54.9px;">5,400</div><div id="a91831_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.977px;top:54.9px;">5,133</div><div id="a91834_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:54.9px;display:flex;">(700)</div><div id="a91837_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:54.9px;">4,433</div><div id="a91840" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:68.6px;">of which: related to real estate costs capitalized for US tax </div><div id="a91841" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:80.4px;">purposes </div><div id="a91844_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:294.204px;top:80.4px;">2,485</div><div id="a91847_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:386.924px;top:80.4px;">0</div><div id="a91850_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:440.404px;top:80.4px;">2,485</div><div id="a91854_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.977px;top:80.4px;">2,272</div><div id="a91857_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.204px;top:80.4px;">0</div><div id="a91860_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:80.4px;">2,272</div><div id="a91863" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:94.1px;">of which: related to compensation and benefits </div><div id="a91866_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:294.204px;top:94.1px;">1,194</div><div id="a91869_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:372.27px;top:94.1px;display:flex;">(175)</div><div id="a91872_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:440.404px;top:94.1px;">1,018</div><div id="a91876_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.977px;top:94.1px;">1,222</div><div id="a91879_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:588.51px;top:94.1px;display:flex;">(209)</div><div id="a91882_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:94.1px;">1,013</div><div id="a91885" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:108.3px;">of which: related to cash flow hedges </div><div id="a91888_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:301.297px;top:108.3px;">947</div><div id="a91891_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:386.924px;top:108.3px;">0</div><div id="a91894_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:447.524px;top:108.3px;">947</div><div id="a91898_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:527.004px;top:108.3px;">3</div><div id="a91901_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.204px;top:108.3px;">0</div><div id="a91904_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.697px;top:108.3px;">3</div><div id="a91907" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:122.5px;">of which: other </div><div id="a91910_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:294.204px;top:122.5px;">1,188</div><div id="a91913_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:372.27px;top:122.5px;display:flex;">(238)</div><div id="a91916_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:447.524px;top:122.5px;">950</div><div id="a91920_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.977px;top:122.5px;">1,636</div><div id="a91923_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:588.51px;top:122.5px;display:flex;">(491)</div><div id="a91926_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:122.5px;">1,145</div><div id="a91929" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:136.3px;">Total deferred tax<div style="display:inline-block;width:3.76px"> </div>assets </div><div id="a91932_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:289.484px;top:136.3px;">18,522</div><div id="a91935_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:365.177px;top:136.3px;display:flex;">(9,134)</div><div id="a91938_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:437.564px;top:136.3px;">9,389</div><div id="a91940" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:459.35px;top:136.9px;">2 </div><div id="a91943_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.257px;top:136.3px;">18,769</div><div id="a91946_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.95px;top:136.3px;display:flex;">(9,893)</div><div id="a91949_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:654.31px;top:136.3px;">8,876</div><div id="a91951" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:675.59px;top:136.9px;">2 </div><div id="a91953" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:150.4px;">of which: related to the US </div><div id="a91958_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:440.404px;top:151.4px;">8,294</div><div id="a91964_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:151.4px;">8,521</div><div id="a91967" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:165.1px;">of which: related to other locations </div><div id="a91972_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:440.404px;top:165.6px;">1,095</div><div id="a91978_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.764px;top:165.6px;">355</div><div id="a91990" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:3.181px;top:192.9px;">Deferred tax liabilities </div><div id="a92000" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:205.8px;">Cash flow hedges </div><div id="a92006_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.457px;top:205.8px;">0</div><div id="a92012_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:205.8px;">118</div><div id="a92015" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:220.5px;">Other </div><div id="a92020_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:447.524px;top:220.5px;">236</div><div id="a92026_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:220.5px;">183</div><div id="a92029" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:234.2px;">Total deferred tax liabilities </div><div id="a92034_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:447.524px;top:234.2px;">236</div><div id="a92040_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:234.2px;">300</div><div id="a92043" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:248.3px;">1 After offset of DTLs, as applicable.<div style="display:inline-block;width:9.73px"> </div>2 As of 31 December 2022, the<div style="display:inline-block;width:3.57px"> </div>Group recognized DTAs<div style="display:inline-block;width:3.68px"> </div>of USD </div><div id="a92043_101_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:324.821px;top:248.3px;">471</div><div id="a92043_104_25" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:337.589px;top:248.3px;">m (31 December 2021: USD </div><div id="a92043_129_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:427.914px;top:248.3px;">77</div><div id="a92043_131_82" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:436.426px;top:248.3px;">m) in respect of entities that incurred<div style="display:inline-block;width:3.43px"> </div>losses in either the current or preceding </div><div id="a92047" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:258.7px;">year.</div></div><div id="TextBlockContainer332" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:90px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a92050" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">In general, US federal tax losses incurred<div style="display:inline-block;width:5.77px"> </div>prior to 31 December 2017<div style="display:inline-block;width:5.49px"> </div>can be carried forward<div style="display:inline-block;width:5.12px"> </div>for 20 years. US federal tax </div><div id="a92054" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">losses incurred after that date<div style="display:inline-block;width:2.27px"> </div>can be carried forward indefinitely, although the utilization of such losses is limited<div style="display:inline-block;width:1.64px"> </div>to 80% </div><div id="a92057" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.7px;">of the<div style="display:inline-block;width:5.88px"> </div>entity’s future<div style="display:inline-block;width:5.71px"> </div>year taxable<div style="display:inline-block;width:5.17px"> </div>profits. UK<div style="display:inline-block;width:6.28px"> </div>tax losses<div style="display:inline-block;width:5.69px"> </div>can also<div style="display:inline-block;width:5.45px"> </div>be carried<div style="display:inline-block;width:5.57px"> </div>forward indefinitely;<div style="display:inline-block;width:5.85px"> </div>they can<div style="display:inline-block;width:5.63px"> </div>shelter up<div style="display:inline-block;width:6.02px"> </div>to </div><div id="a92060" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.9px;">either 25%<div style="display:inline-block;width:5.03px"> </div>or 50% of future<div style="display:inline-block;width:5.73px"> </div>year taxable profits,<div style="display:inline-block;width:5.19px"> </div>depending on when<div style="display:inline-block;width:5.54px"> </div>the tax losses arose.<div style="display:inline-block;width:5.58px"> </div>The amounts of<div style="display:inline-block;width:5.54px"> </div>US tax loss </div><div id="a92065" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">carry-forwards that<div style="display:inline-block;width:5.18px"> </div>are included<div style="display:inline-block;width:5.79px"> </div>in the table<div style="display:inline-block;width:5.5px"> </div>below are<div style="display:inline-block;width:5.32px"> </div>based on<div style="display:inline-block;width:5.69px"> </div>their amount<div style="display:inline-block;width:5.4px"> </div>for federal tax<div style="display:inline-block;width:5.69px"> </div>purposes rather<div style="display:inline-block;width:5.8px"> </div>than for </div><div id="a92068" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;">state and local tax purposes.</div></div><div id="TextBlockContainer335" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:155px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a92072" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Unrecognized tax loss carry-forwards </div><div id="a92078" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:12.5px;">USD m </div><div id="a92080" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.195px;top:12.5px;">31.12.22 </div><div id="a92082" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:645.315px;top:12.5px;">31.12.21 </div><div id="a92084" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:25.3px;">Within 1 year </div><div id="a92086_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:25.3px;">231</div><div id="a92089_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:664.262px;top:25.3px;">141</div><div id="a92092" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:38.5px;">From 2 to 5 years </div><div id="a92094_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.008px;top:38.5px;">2,184</div><div id="a92097_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:657.168px;top:38.5px;">1,026</div><div id="a92100" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:52.2px;">From 6 to 10 years </div><div id="a92102_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.288px;top:52.2px;">11,106</div><div id="a92105_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:652.448px;top:52.2px;">13,283</div><div id="a92108" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:65.4px;">From 11 to 20 years </div><div id="a92110_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.008px;top:65.4px;">1,610</div><div id="a92113_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:657.168px;top:65.4px;">2,093</div><div id="a92116" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:78.7px;">No expiry </div><div id="a92118_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.288px;top:78.7px;">16,960</div><div id="a92121_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:652.448px;top:78.7px;">18,147</div><div id="a92124" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:91.9px;">Total </div><div id="a92126_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.288px;top:91.9px;">32,091</div><div id="a92129_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:652.448px;top:91.9px;">34,690</div><div id="a92132" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.664px;top:106.1px;">of which: related to the US</div><div id="a92133" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;color:#000000;left:110.142px;top:106.8px;">1</div><div id="a92135_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.288px;top:106.1px;">13,350</div><div id="a92138_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:652.448px;top:106.1px;">14,870</div><div id="a92141" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.664px;top:119.4px;">of which: related to the UK </div><div id="a92143_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.288px;top:119.4px;">14,332</div><div id="a92146_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:652.448px;top:119.4px;">14,909</div><div id="a92149" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.664px;top:132.6px;">of which: related to other locations </div><div id="a92151_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.008px;top:132.6px;">4,409</div><div id="a92154_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:657.168px;top:132.6px;">4,911</div><div id="a92157" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:146.7px;">1 Related to UBS AG’s<div style="display:inline-block;width:3.96px"> </div>US branch.</div></div> <div id="TextBlockContainer313" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:167px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a91058" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.497px;top:0px;">For the year ended </div><div id="a91060" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:13.7px;">USD m </div><div id="a91063" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.564px;top:13.7px;">31.12.22 </div><div id="a91065" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.697px;top:13.7px;">31.12.21 </div><div id="a91067" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:13.7px;">31.12.20 </div><div id="a91074" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:3.181px;top:38.6px;">Tax<div style="display:inline-block;width:4.39px"> </div>expense / (benefit) </div><div id="a91080" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:51.6px;">Swiss </div><div id="a91086" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:64.8px;">Current </div><div id="a91089_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:64.8px;">730</div><div id="a91092_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:64.8px;">680</div><div id="a91095_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:64.8px;">482</div><div id="a91098" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:78.1px;">Deferred </div><div id="a91101_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.95px;top:78.1px;display:flex;">(15)</div><div id="a91104_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.844px;top:78.1px;">34</div><div id="a91107_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:78.1px;">116</div><div id="a91110" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:91.3px;">Total Swiss </div><div id="a91113_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:91.3px;">715</div><div id="a91116_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:91.3px;">714</div><div id="a91119_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:91.3px;">598</div><div id="a91122" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:104.1px;">Non-Swiss </div><div id="a91130" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:117.3px;">Current </div><div id="a91133_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:117.3px;">718</div><div id="a91136_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:117.3px;">884</div><div id="a91139_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:117.3px;">749</div><div id="a91142" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:130.6px;">Deferred </div><div id="a91145_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:130.6px;">509</div><div id="a91148_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:130.6px;">400</div><div id="a91151_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:130.6px;">236</div><div id="a91154" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:144.3px;">Total non-Swiss </div><div id="a91159_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:144.3px;">1,227</div><div id="a91162_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:144.3px;">1,284</div><div id="a91165_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:144.3px;">985</div><div id="a91168" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:156.6px;">Total income tax expense<div style="display:inline-block;width:4.08px"> </div>/ (benefit) recognized in the income statement </div><div id="a91171_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:156.6px;">1,942</div><div id="a91174_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:156.6px;">1,998</div><div id="a91177_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:156.6px;">1,583</div></div> 730000000 680000000 482000000 -15000000 34000000 116000000 715000000 714000000 598000000 718000000 884000000 749000000 509000000 400000000 236000000 1227000000 1284000000 985000000 1942000000 1998000000 1583000000 678000000 -169000000 0.202 0.24 -169000000 <div id="TextBlockContainer319" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:253px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a91269" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.497px;top:0px;">For the year ended </div><div id="a91271" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:13.7px;">USD m </div><div id="a91274" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.564px;top:13.7px;">31.12.22 </div><div id="a91276" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.697px;top:13.7px;">31.12.21 </div><div id="a91278" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:13.7px;">31.12.20 </div><div id="a91280" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:27.4px;">Operating profit / (loss) before tax </div><div id="a91283_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:27.4px;">9,604</div><div id="a91286_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:27.4px;">9,484</div><div id="a91289_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:27.4px;">8,155</div><div id="a91292" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:41.6px;">of which: Swiss </div><div id="a91295_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:520.377px;top:41.6px;">4,425</div><div id="a91298_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:588.51px;top:41.6px;">3,334</div><div id="a91301_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:41.6px;">3,403</div><div id="a91304" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:55.8px;">of which: non-Swiss </div><div id="a91310_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:520.377px;top:55.8px;">5,178</div><div id="a91313_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:588.51px;top:55.8px;">6,150</div><div id="a91316_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:55.8px;">4,752</div><div id="a91319" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:70.5px;">Income taxes at Swiss tax rate of </div><div id="a91319_34_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:124.245px;top:70.5px;">18</div><div id="a91319_36_12" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:134.177px;top:70.5px;">% for 2022, </div><div id="a91319_48_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:180.995px;top:70.5px;">18.5</div><div id="a91319_52_15" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:198.019px;top:70.5px;">% for 2021 and </div><div id="a91319_67_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:258.552px;top:70.5px;">19.5</div><div id="a91319_71_11" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:275.576px;top:70.5px;">% for 2020 </div><div id="a91322_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:70.5px;">1,729</div><div id="a91325_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:70.5px;">1,755</div><div id="a91328_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:70.5px;">1,590</div><div id="a91331" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:84.7px;">Increase / (decrease) resulting from: </div><div id="a91337" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:98.9px;">Non-Swiss tax rates differing from Swiss tax rate </div><div id="a91342_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:98.9px;">284</div><div id="a91345_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:98.9px;">234</div><div id="a91348_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:98.9px;">110</div><div id="a91351" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.5px;">Tax effects of losses not recognized </div><div id="a91355_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:532.684px;top:113.5px;">74</div><div id="a91358_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:113.5px;">124</div><div id="a91361_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:113.5px;">144</div><div id="a91364" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:127.7px;">Previously unrecognized tax losses now utilized </div><div id="a91367_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:522.75px;top:127.7px;display:flex;">(217)</div><div id="a91370_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:590.884px;top:127.7px;display:flex;">(179)</div><div id="a91373_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.044px;top:127.7px;display:flex;">(212)</div><div id="a91376" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:141.9px;">Non-taxable and lower-taxed income </div><div id="a91383_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:522.75px;top:141.9px;display:flex;">(335)</div><div id="a91386_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:590.884px;top:141.9px;display:flex;">(278)</div><div id="a91389_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.044px;top:141.9px;display:flex;">(394)</div><div id="a91392" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:156.6px;">Non-deductible expenses and additional taxable income </div><div id="a91397_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:156.6px;">429</div><div id="a91400_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:156.6px;">510</div><div id="a91403_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:156.6px;">385</div><div id="a91406" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:170.8px;">Adjustments related to prior years, current<div style="display:inline-block;width:3.79px"> </div>tax </div><div id="a91409_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.95px;top:170.8px;display:flex;">(41)</div><div id="a91412_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:170.8px;display:flex;">(40)</div><div id="a91415_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:170.8px;display:flex;">(67)</div><div id="a91418" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:185px;">Adjustments related to prior years, deferred<div style="display:inline-block;width:3.92px"> </div>tax </div><div id="a91421_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:532.684px;top:185px;">13</div><div id="a91424_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:185px;display:flex;">(10)</div><div id="a91427_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:185px;">12</div><div id="a91430" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:199.6px;">Change in deferred tax recognition </div><div id="a91433_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:522.75px;top:199.6px;display:flex;">(217)</div><div id="a91436_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:590.884px;top:199.6px;display:flex;">(342)</div><div id="a91439_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.044px;top:199.6px;display:flex;">(381)</div><div id="a91442" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:213.8px;">Adjustments to deferred tax balances arising from changes in<div style="display:inline-block;width:3.79px"> </div>tax rates </div><div id="a91446_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:537.404px;top:213.8px;">0</div><div id="a91449_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.364px;top:213.8px;display:flex;">(5)</div><div id="a91452_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:213.8px;">234</div><div id="a91455" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:228px;">Other items </div><div id="a91458_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:228px;">222</div><div id="a91461_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:228px;">231</div><div id="a91464_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:228px;">161</div><div id="a91467" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:242.2px;">Income tax expense / (benefit) </div><div id="a91470_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:242.2px;">1,942</div><div id="a91473_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:242.2px;">1,998</div><div id="a91476_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:242.2px;">1,583</div></div> 9604000000 9484000000 8155000000 4425000000 3334000000 3403000000 5178000000 6150000000 4752000000 0.18 0.185 0.195 1729000000 1755000000 1590000000 284000000 234000000 110000000 74000000 124000000 144000000 217000000 179000000 212000000 335000000 278000000 394000000 429000000 510000000 385000000 -41000000 -40000000 -67000000 13000000 -10000000 12000000 217000000 342000000 381000000 0 -5000000 234000000 222000000 231000000 161000000 1942000000 1998000000 1583000000 -1116000000 -479000000 -13000000 88000000 <div id="TextBlockContainer330" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:267px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_328_XBRL_TS_480d71bca148497dbfb097fb8780bd84" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer329" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:267px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a91761" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a91765" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:339.644px;top:0px;">31.12.22 </div><div id="a91770" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:555.884px;top:0px;">31.12.21 </div><div id="a91773" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:3.181px;top:27.7px;">Deferred tax assets</div><div id="a91774" style="position:absolute;font-family:'Frutiger';font-size:6.148px;font-weight:bold;font-style:normal;color:#9A3D37;left:93.564px;top:28.4px;">1</div><div id="a91777" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:295.63px;top:27.4px;">Gross </div><div id="a91779" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:356.657px;top:15.6px;">Valuation </div><div id="a91781" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:354.777px;top:27.4px;">allowance </div><div id="a91783" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:420.537px;top:27.4px;">Recognized </div><div id="a91786" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.404px;top:27.4px;">Gross </div><div id="a91788" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.91px;top:15.6px;">Valuation </div><div id="a91790" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.017px;top:27.4px;">allowance </div><div id="a91792" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:636.777px;top:27.4px;">Recognized </div><div id="a91794" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:40.7px;">Tax loss carry-forwards </div><div id="a91799_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:289.484px;top:40.7px;">12,708</div><div id="a91802_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:365.177px;top:40.7px;display:flex;">(8,720)</div><div id="a91805_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:440.404px;top:40.7px;">3,988</div><div id="a91809_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.257px;top:40.7px;">13,636</div><div id="a91812_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.95px;top:40.7px;display:flex;">(9,193)</div><div id="a91815_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:40.7px;">4,443</div><div id="a91818" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:54.9px;">Temporary differences </div><div id="a91821_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:294.204px;top:54.9px;">5,814</div><div id="a91824_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:372.27px;top:54.9px;display:flex;">(414)</div><div id="a91827_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:440.404px;top:54.9px;">5,400</div><div id="a91831_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.977px;top:54.9px;">5,133</div><div id="a91834_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:54.9px;display:flex;">(700)</div><div id="a91837_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:54.9px;">4,433</div><div id="a91840" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:68.6px;">of which: related to real estate costs capitalized for US tax </div><div id="a91841" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:80.4px;">purposes </div><div id="a91844_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:294.204px;top:80.4px;">2,485</div><div id="a91847_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:386.924px;top:80.4px;">0</div><div id="a91850_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:440.404px;top:80.4px;">2,485</div><div id="a91854_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.977px;top:80.4px;">2,272</div><div id="a91857_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.204px;top:80.4px;">0</div><div id="a91860_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:80.4px;">2,272</div><div id="a91863" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:94.1px;">of which: related to compensation and benefits </div><div id="a91866_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:294.204px;top:94.1px;">1,194</div><div id="a91869_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:372.27px;top:94.1px;display:flex;">(175)</div><div id="a91872_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:440.404px;top:94.1px;">1,018</div><div id="a91876_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.977px;top:94.1px;">1,222</div><div id="a91879_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:588.51px;top:94.1px;display:flex;">(209)</div><div id="a91882_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:94.1px;">1,013</div><div id="a91885" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:108.3px;">of which: related to cash flow hedges </div><div id="a91888_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:301.297px;top:108.3px;">947</div><div id="a91891_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:386.924px;top:108.3px;">0</div><div id="a91894_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:447.524px;top:108.3px;">947</div><div id="a91898_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:527.004px;top:108.3px;">3</div><div id="a91901_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.204px;top:108.3px;">0</div><div id="a91904_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.697px;top:108.3px;">3</div><div id="a91907" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:122.5px;">of which: other </div><div id="a91910_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:294.204px;top:122.5px;">1,188</div><div id="a91913_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:372.27px;top:122.5px;display:flex;">(238)</div><div id="a91916_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:447.524px;top:122.5px;">950</div><div id="a91920_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.977px;top:122.5px;">1,636</div><div id="a91923_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:588.51px;top:122.5px;display:flex;">(491)</div><div id="a91926_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:122.5px;">1,145</div><div id="a91929" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:136.3px;">Total deferred tax<div style="display:inline-block;width:3.76px"> </div>assets </div><div id="a91932_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:289.484px;top:136.3px;">18,522</div><div id="a91935_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:365.177px;top:136.3px;display:flex;">(9,134)</div><div id="a91938_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:437.564px;top:136.3px;">9,389</div><div id="a91940" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:459.35px;top:136.9px;">2 </div><div id="a91943_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.257px;top:136.3px;">18,769</div><div id="a91946_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.95px;top:136.3px;display:flex;">(9,893)</div><div id="a91949_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:654.31px;top:136.3px;">8,876</div><div id="a91951" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:675.59px;top:136.9px;">2 </div><div id="a91953" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:150.4px;">of which: related to the US </div><div id="a91958_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:440.404px;top:151.4px;">8,294</div><div id="a91964_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:151.4px;">8,521</div><div id="a91967" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:165.1px;">of which: related to other locations </div><div id="a91972_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:440.404px;top:165.6px;">1,095</div><div id="a91978_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.764px;top:165.6px;">355</div><div id="a91990" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:3.181px;top:192.9px;">Deferred tax liabilities </div><div id="a92000" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:205.8px;">Cash flow hedges </div><div id="a92006_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.457px;top:205.8px;">0</div><div id="a92012_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:205.8px;">118</div><div id="a92015" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:220.5px;">Other </div><div id="a92020_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:447.524px;top:220.5px;">236</div><div id="a92026_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:220.5px;">183</div><div id="a92029" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:234.2px;">Total deferred tax liabilities </div><div id="a92034_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:447.524px;top:234.2px;">236</div><div id="a92040_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:234.2px;">300</div><div id="a92043" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:248.3px;">1 After offset of DTLs, as applicable.<div style="display:inline-block;width:9.73px"> </div>2 As of 31 December 2022, the<div style="display:inline-block;width:3.57px"> </div>Group recognized DTAs<div style="display:inline-block;width:3.68px"> </div>of USD </div><div id="a92043_101_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:324.821px;top:248.3px;">471</div><div id="a92043_104_25" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:337.589px;top:248.3px;">m (31 December 2021: USD </div><div id="a92043_129_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:427.914px;top:248.3px;">77</div><div id="a92043_131_82" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:436.426px;top:248.3px;">m) in respect of entities that incurred<div style="display:inline-block;width:3.43px"> </div>losses in either the current or preceding </div><div id="a92047" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:258.7px;">year.</div></div></div></div> 12708000000 8720000000 3988000000 13636000000 9193000000 4443000000 5814000000 414000000 5400000000 5133000000 700000000 4433000000 2485000000 0 2485000000 2272000000 0 2272000000 1194000000 175000000 1018000000 1222000000 209000000 1013000000 947000000 0 947000000 3000000 0 3000000 1188000000 238000000 950000000 1636000000 491000000 1145000000 18522000000 9134000000 9389000000 18769000000 9893000000 8876000000 8294000000 8521000000 1095000000 355000000 0 118000000 236000000 183000000 236000000 300000000 471000000 77000000 <div id="TextBlockContainer336" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:155px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_334_XBRL_TS_5590d969b019405995085fcd75d18c89" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer335" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:155px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a92072" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Unrecognized tax loss carry-forwards </div><div id="a92078" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:12.5px;">USD m </div><div id="a92080" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.195px;top:12.5px;">31.12.22 </div><div id="a92082" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:645.315px;top:12.5px;">31.12.21 </div><div id="a92084" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:25.3px;">Within 1 year </div><div id="a92086_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:25.3px;">231</div><div id="a92089_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:664.262px;top:25.3px;">141</div><div id="a92092" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:38.5px;">From 2 to 5 years </div><div id="a92094_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.008px;top:38.5px;">2,184</div><div id="a92097_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:657.168px;top:38.5px;">1,026</div><div id="a92100" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:52.2px;">From 6 to 10 years </div><div id="a92102_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.288px;top:52.2px;">11,106</div><div id="a92105_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:652.448px;top:52.2px;">13,283</div><div id="a92108" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:65.4px;">From 11 to 20 years </div><div id="a92110_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.008px;top:65.4px;">1,610</div><div id="a92113_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:657.168px;top:65.4px;">2,093</div><div id="a92116" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:78.7px;">No expiry </div><div id="a92118_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.288px;top:78.7px;">16,960</div><div id="a92121_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:652.448px;top:78.7px;">18,147</div><div id="a92124" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:91.9px;">Total </div><div id="a92126_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.288px;top:91.9px;">32,091</div><div id="a92129_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:652.448px;top:91.9px;">34,690</div><div id="a92132" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.664px;top:106.1px;">of which: related to the US</div><div id="a92133" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;color:#000000;left:110.142px;top:106.8px;">1</div><div id="a92135_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.288px;top:106.1px;">13,350</div><div id="a92138_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:652.448px;top:106.1px;">14,870</div><div id="a92141" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.664px;top:119.4px;">of which: related to the UK </div><div id="a92143_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.288px;top:119.4px;">14,332</div><div id="a92146_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:652.448px;top:119.4px;">14,909</div><div id="a92149" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.664px;top:132.6px;">of which: related to other locations </div><div id="a92151_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.008px;top:132.6px;">4,409</div><div id="a92154_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:657.168px;top:132.6px;">4,911</div><div id="a92157" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:146.7px;">1 Related to UBS AG’s<div style="display:inline-block;width:3.96px"> </div>US branch.</div></div></div></div> 231000000 141000000 2184000000 1026000000 11106000000 13283000000 1610000000 2093000000 16960000000 18147000000 32091000000 34690000000 13350000000 14870000000 14332000000 14909000000 4409000000 4911000000 <div id="TextBlockContainer338" style="position:relative;font-family:'Frutiger';font-size:21.281px;color:#973D37;line-height:normal;width:704px;height:255px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a92190" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:7.883px;top:0px;">Balance sheet notes </div><div id="a92192" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:bold;font-style:normal;color:#000000;left:7.883px;top:64.3px;">Note 9<div style="display:inline-block;width:8px"> </div>Financial assets at amortized<div style="display:inline-block;width:5.17px"> </div>cost and other positions in scope of expected<div style="display:inline-block;width:5.33px"> </div>credit loss measurement </div><div id="a92196" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:91.5px;">The tables<div style="display:inline-block;width:6.01px"> </div>below<div style="display:inline-block;width:5.16px"> </div>provide<div style="display:inline-block;width:5.12px"> </div>information about<div style="display:inline-block;width:6.32px"> </div>financial instruments<div style="display:inline-block;width:5.98px"> </div>and<div style="display:inline-block;width:5.13px"> </div>certain credit<div style="display:inline-block;width:6.62px"> </div>lines that<div style="display:inline-block;width:5.72px"> </div>are subject<div style="display:inline-block;width:6.33px"> </div>to expected </div><div id="a92204" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:106.7px;">credit loss<div style="display:inline-block;width:5.33px"> </div>(ECL) requirements<div style="display:inline-block;width:2.19px"> </div>.<div style="display:inline-block;width:4.36px"> </div>UBS’s ECL<div style="display:inline-block;width:5.36px"> </div>disclosure<div style="display:inline-block;width:5.14px"> </div>segments,<div style="display:inline-block;width:5.06px"> </div>or “ECL<div style="display:inline-block;width:5.04px"> </div>segments”<div style="display:inline-block;width:5.6px"> </div>are aggregated<div style="display:inline-block;width:5.66px"> </div>portfolios based<div style="display:inline-block;width:5.95px"> </div>on </div><div id="a92215" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:122.3px;">shared<div style="display:inline-block;width:5.27px"> </div>risk characteristics<div style="display:inline-block;width:6.33px"> </div>and<div style="display:inline-block;width:5.13px"> </div>on<div style="display:inline-block;width:5.13px"> </div>the same<div style="display:inline-block;width:5.72px"> </div>or similar<div style="display:inline-block;width:6.2px"> </div>rating<div style="display:inline-block;width:5.2px"> </div>methods<div style="display:inline-block;width:5.08px"> </div>applied.<div style="display:inline-block;width:5.23px"> </div>The key<div style="display:inline-block;width:5.78px"> </div>segments are<div style="display:inline-block;width:6.53px"> </div>presented<div style="display:inline-block;width:5.79px"> </div>in the </div><div id="a92216" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:137.4px;">table below. </div><div id="a92219" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:23.017px;top:149.6px;">›</div><div id="a92220" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:28.218px;top:149.8px;"> </div><div id="a92221" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:34.398px;top:154.5px;">Refer to Note 19<div style="display:inline-block;width:1.6px"> </div>for more information<div style="display:inline-block;width:1.18px"> </div>about expected<div style="display:inline-block;width:1.6px"> </div>credit loss measurement </div><div id="a92231" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:167.7px;"> </div><div id="a92244" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;color:#000000;left:11.667px;top:188.5px;">Segment </div><div id="a92246" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;color:#000000;left:134.717px;top:188.5px;">Segment description </div><div id="a92248" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;color:#000000;left:314.037px;top:188.5px;">Description of credit risk sensitivity </div><div id="a92250" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;color:#000000;left:503.33px;top:188.5px;">Business division<div style="display:inline-block;width:3.45px"> </div></div><div id="a92252" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;color:#000000;left:11.667px;top:210.2px;">Private clients with </div><div id="a92253" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;color:#000000;left:11.667px;top:222.1px;">mortgages </div><div id="a92255" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;color:#000000;left:134.717px;top:210.4px;">Lending to private clients secured<div style="display:inline-block;width:4.57px"> </div>by </div><div id="a92256" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;color:#000000;left:134.717px;top:222.3px;">owner-occupied real estate<div style="display:inline-block;width:4.1px"> </div>and </div><div id="a92259" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;color:#000000;left:134.717px;top:234.6px;">personal account overdrafts<div style="display:inline-block;width:4.18px"> </div>of those </div><div id="a92260" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;color:#000000;left:134.717px;top:246.4px;">clients </div></div><div id="TextBlockContainer340" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:643px;height:549px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a92262" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:0px;">Sensitive to the interest rate<div style="display:inline-block;width:4.12px"> </div>environment, </div><div id="a92263" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:11.9px;">unemployment levels, real estate<div style="display:inline-block;width:4.55px"> </div>collateral </div><div id="a92266" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:24.1px;">values and other regional<div style="display:inline-block;width:4.31px"> </div>aspects<div style="display:inline-block;width:2.71px"> </div></div><div id="a92273" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:495.342px;top:0px;">–</div><div id="a92274" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:500.542px;top:-0.1px;"> </div><div id="a92275" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:506.688px;top:0px;">Personal &amp; Corporate Banking </div><div id="a92277" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:495.342px;top:15.2px;">–</div><div id="a92278" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:500.542px;top:15.1px;"> </div><div id="a92279" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:506.688px;top:15.2px;">Global Wealth Management </div><div id="a92281" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:59.4px;">Real estate financing </div><div id="a92283" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:59.6px;">Rental or income-producing<div style="display:inline-block;width:4.12px"> </div>real estate </div><div id="a92286" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:71.4px;">financing to private and corporate </div><div id="a92287" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:83.8px;">clients secured by real<div style="display:inline-block;width:4.14px"> </div>estate </div><div id="a92289" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:59.6px;">Sensitive to unemployment<div style="display:inline-block;width:4px"> </div>levels, the </div><div id="a92294" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:71.4px;">interest rate environment,<div style="display:inline-block;width:4.6px"> </div>real estate </div><div id="a92296" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:83.8px;">collateral values and other regional </div><div id="a92301" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:95.6px;">aspects<div style="display:inline-block;width:3.19px"> </div></div><div id="a92303" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:495.342px;top:59.6px;">–</div><div id="a92304" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:500.542px;top:59.5px;"> </div><div id="a92305" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:506.688px;top:59.6px;">Personal &amp; Corporate Banking </div><div id="a92307" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:495.342px;top:74.7px;">–</div><div id="a92308" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:500.542px;top:74.6px;"> </div><div id="a92309" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:506.688px;top:74.7px;">Global Wealth Management </div><div id="a92311" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:495.342px;top:90.4px;">–</div><div id="a92312" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:500.542px;top:90.3px;"> </div><div id="a92313" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:506.688px;top:90.4px;">Investment Bank </div><div id="a92315" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:119px;">Large corporate clients </div><div id="a92317" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:119.2px;">Lending to large corporate and multi-</div><div id="a92319" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:131.1px;">national clients </div><div id="a92321" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:119.2px;">Sensitive to GDP developments, </div><div id="a92324" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:131.1px;">unemployment levels, seasonalit<div style="display:inline-block;width:1.42px"> </div>y, </div><div id="a92331" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:143.4px;">business cycles and collateral<div style="display:inline-block;width:4.32px"> </div>values </div><div id="a92332" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:155.2px;">(diverse collateral,<div style="display:inline-block;width:3.9px"> </div>including real estate </div><div id="a92336" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:167px;">and other collateral types) </div><div id="a92338" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:495.342px;top:119.2px;">–</div><div id="a92339" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:500.542px;top:119.1px;"> </div><div id="a92340" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:506.688px;top:119.2px;">Personal &amp; Corporate Banking </div><div id="a92342" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:495.342px;top:134.4px;">–</div><div id="a92343" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:500.542px;top:134.3px;"> </div><div id="a92344" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:506.688px;top:134.4px;">Investment Bank </div><div id="a92346" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:190.4px;">SME clients </div><div id="a92348" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:190.7px;">Lending to small and medium<div style="display:inline-block;width:1.45px"> </div>-sized </div><div id="a92353" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:203px;">corporate clients </div><div id="a92355" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:190.7px;">Sensitive to GDP developments, </div><div id="a92359" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:203px;">unemployment levels, the interest<div style="display:inline-block;width:4.41px"> </div>rate </div><div id="a92365" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:214.8px;">environment and,<div style="display:inline-block;width:4.1px"> </div>to some extent, </div><div id="a92366" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:226.6px;">seasonality,<div style="display:inline-block;width:3.49px"> </div>business cycles and collateral </div><div id="a92370" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:238.9px;">values (diverse collateral,<div style="display:inline-block;width:4.09px"> </div>including real </div><div id="a92374" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:250.8px;">estate and other collateral types) </div><div id="a92376" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:495.342px;top:190.7px;">–</div><div id="a92377" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:500.542px;top:190.6px;"> </div><div id="a92378" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:506.688px;top:190.7px;">Personal &amp; Corporate Banking </div><div id="a92380" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:274.2px;">Lombard </div><div id="a92382" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:274.4px;">Loans secured by pledges<div style="display:inline-block;width:4.16px"> </div>of marketable </div><div id="a92383" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:286.2px;">securities, guarantees and<div style="display:inline-block;width:4.15px"> </div>other forms </div><div id="a92384" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:298.5px;">of collateral (including concentration<div style="display:inline-block;width:4.31px"> </div>in </div><div id="a92385" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:310.4px;">hedge funds, private equity and unlisted </div><div id="a92393" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:322.7px;">equities), as well as unsecured<div style="display:inline-block;width:4.16px"> </div>recourse </div><div id="a92394" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:334.5px;">lending </div><div id="a92396" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:274.4px;">Sensitive to equity and debt market<div style="display:inline-block;width:1.82px"> </div>s<div style="display:inline-block;width:2.75px"> </div>(e.g., </div><div id="a92402" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:286.2px;">changes in collateral values) </div><div id="a92406" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:495.342px;top:274.4px;">–</div><div id="a92407" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:500.542px;top:274.3px;"> </div><div id="a92408" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:506.688px;top:274.4px;">Global Wealth Management </div><div id="a92410" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:357.9px;">Credit cards </div><div id="a92412" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:358.1px;">Credit card solutions in<div style="display:inline-block;width:4.35px"> </div>Switzerland and </div><div id="a92413" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:370px;">the US </div><div id="a92415" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:358.1px;">Sensitive to unemployment levels </div><div id="a92421" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:495.342px;top:358.1px;">–</div><div id="a92422" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:500.542px;top:358px;"> </div><div id="a92423" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:506.688px;top:358.1px;">Personal &amp; Corporate Banking </div><div id="a92425" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:495.342px;top:373.3px;">–</div><div id="a92426" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:500.542px;top:373.2px;"> </div><div id="a92427" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:506.688px;top:373.3px;">Global Wealth Management </div><div id="a92429" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:396.7px;">Commodity trade </div><div id="a92430" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:409px;">finance </div><div id="a92432" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:397px;">Working capital financing of<div style="display:inline-block;width:4.25px"> </div>commodity </div><div id="a92434" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:409.3px;">traders, generally extended on a<div style="display:inline-block;width:4.15px"> </div>self-</div><div id="a92436" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:421.1px;">liquidating transactional basis </div><div id="a92438" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:397px;">Sensitive primarily to<div style="display:inline-block;width:4.11px"> </div>the strength of </div><div id="a92439" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:409.3px;">individual transaction structures<div style="display:inline-block;width:4.18px"> </div>and </div><div id="a92440" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:421.1px;">collateral values (price volatility<div style="display:inline-block;width:4.12px"> </div>of </div><div id="a92441" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:432.9px;">commodities),<div style="display:inline-block;width:3.34px"> </div>as the primary source for </div><div id="a92445" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:445.2px;">debt service is directly linked<div style="display:inline-block;width:4.28px"> </div>to the </div><div id="a92446" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:457px;">shipments financed </div><div id="a92448" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:495.342px;top:397px;">–</div><div id="a92449" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:500.542px;top:396.9px;"> </div><div id="a92450" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:506.688px;top:397px;">Personal &amp; Corporate Banking </div><div id="a92452" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:480.5px;">Financial intermediaries </div><div id="a92453" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:492.3px;">and hedge funds </div><div id="a92455" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:480.7px;">Lending to financial institutions<div style="display:inline-block;width:4.22px"> </div>and </div><div id="a92456" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:492.5px;">pension funds, including exposures<div style="display:inline-block;width:4.43px"> </div>to </div><div id="a92457" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:504.8px;">broker-dealers and clearing houses </div><div id="a92462" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:480.7px;">Sensitive to GDP development, the </div><div id="a92463" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:492.5px;">interest rate environment, price<div style="display:inline-block;width:4.54px"> </div>and </div><div id="a92464" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:504.8px;">volatility risks in financial markets,<div style="display:inline-block;width:4.22px"> </div>and </div><div id="a92466" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:516.6px;">regulatory and political<div style="display:inline-block;width:4.26px"> </div>risk </div><div id="a92468" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:495.342px;top:480.7px;">–</div><div id="a92469" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:500.542px;top:480.6px;"> </div><div id="a92470" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:506.688px;top:480.7px;">Personal &amp; Corporate Banking </div><div id="a92472" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:495.342px;top:495.8px;">–</div><div id="a92473" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:500.542px;top:495.7px;"> </div><div id="a92474" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:506.688px;top:495.8px;">Investment Bank </div><div id="a92232" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:15.028px;top:532.9px;">›</div><div id="a92233" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:20.23px;top:533.1px;"> </div><div id="a92234" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:26.41px;top:537.7px;">Refer to Note 19f<div style="display:inline-block;width:1.62px"> </div>for more details<div style="display:inline-block;width:1.43px"> </div>regarding sensitivity</div></div><div id="TextBlockContainer342" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:29px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a92513" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">The tables<div style="display:inline-block;width:5.98px"> </div>below<div style="display:inline-block;width:5.13px"> </div>provide<div style="display:inline-block;width:5.21px"> </div>ECL exposure<div style="display:inline-block;width:6.27px"> </div>and ECL<div style="display:inline-block;width:5.66px"> </div>allowance and<div style="display:inline-block;width:5.81px"> </div>provision<div style="display:inline-block;width:5.42px"> </div>information<div style="display:inline-block;width:5.19px"> </div>about financial<div style="display:inline-block;width:5.5px"> </div>instruments and </div><div id="a92517" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.2px;">certain non-financial instruments that are<div style="display:inline-block;width:5.49px"> </div>subject to ECLs.</div></div><div id="TextBlockContainer346" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:691px;height:606px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_344_XBRL_TS_0007bfb2d1fd4fe7bb0146845d9b6e4f" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer345" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:691px;height:606px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a92528" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a92531" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:485.83px;top:0px;">31.12.22 </div><div id="a92535" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:376.524px;top:15.1px;">Carrying amount</div><div id="a92536" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:437.564px;top:15.8px;">1</div><div id="a92539" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:567.23px;top:15.1px;">ECL allowances </div><div id="a92541" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:3.181px;top:28.9px;">Financial instruments measured at<div style="display:inline-block;width:3.88px"> </div>amortized cost </div><div id="a92544" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.057px;top:28.9px;">Total </div><div id="a92546" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:377.47px;top:28.9px;">Stage 1 </div><div id="a92548" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:423.377px;top:28.9px;">Stage 2 </div><div id="a92550" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:469.75px;top:28.9px;">Stage 3 </div><div id="a92553" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:528.897px;top:28.9px;">Total </div><div id="a92555" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:565.817px;top:28.9px;">Stage 1 </div><div id="a92557" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:611.724px;top:28.9px;">Stage 2 </div><div id="a92559" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:657.617px;top:28.9px;">Stage 3 </div><div id="a92561" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:42.6px;">Cash and balances at central banks </div><div id="a92564_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:42.6px;">169,445</div><div id="a92567_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:373.684px;top:42.6px;">169,402</div><div id="a92570_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:441.377px;top:42.6px;">44</div><div id="a92573_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:492.457px;top:42.6px;">0</div><div id="a92577_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.204px;top:42.6px;display:flex;">(12)</div><div id="a92580_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:42.6px;">0</div><div id="a92583_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:624.484px;top:42.6px;display:flex;">(12)</div><div id="a92586_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:680.324px;top:42.6px;">0</div><div id="a92589" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:56.8px;">Loans and advances to banks </div><div id="a92592_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:56.8px;">14,792</div><div id="a92595_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:378.417px;top:56.8px;">14,792</div><div id="a92598_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:446.11px;top:56.8px;">1</div><div id="a92601_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:492.457px;top:56.8px;">0</div><div id="a92605_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.937px;top:56.8px;display:flex;">(6)</div><div id="a92608_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.31px;top:56.8px;display:flex;">(5)</div><div id="a92611_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:629.217px;top:56.8px;display:flex;">(1)</div><div id="a92614_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:680.324px;top:56.8px;">0</div><div id="a92617" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:71.4px;">Receivables from securities financing transactions<div style="display:inline-block;width:4.01px"> </div>measured at amortized cost </div><div id="a92621_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:71.4px;">67,814</div><div id="a92624_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:378.417px;top:71.4px;">67,814</div><div id="a92627_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:446.11px;top:71.4px;">0</div><div id="a92630_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:492.457px;top:71.4px;">0</div><div id="a92634_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.937px;top:71.4px;display:flex;">(2)</div><div id="a92637_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.31px;top:71.4px;display:flex;">(2)</div><div id="a92640_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:634.417px;top:71.4px;">0</div><div id="a92643_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:680.324px;top:71.4px;">0</div><div id="a92646" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:85.6px;">Cash collateral receivables on derivative<div style="display:inline-block;width:3.86px"> </div>instruments </div><div id="a92649_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:85.6px;">35,032</div><div id="a92652_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:378.417px;top:85.6px;">35,032</div><div id="a92655_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:446.11px;top:85.6px;">0</div><div id="a92658_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:492.457px;top:85.6px;">0</div><div id="a92662_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:542.137px;top:85.6px;">0</div><div id="a92665_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:85.6px;">0</div><div id="a92668_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:634.417px;top:85.6px;">0</div><div id="a92671_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:680.324px;top:85.6px;">0</div><div id="a92674" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:99.8px;">Loans and advances to customers </div><div id="a92677_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:99.8px;">387,220</div><div id="a92680_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:373.684px;top:99.8px;">370,095</div><div id="a92683_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:424.324px;top:99.8px;">15,587</div><div id="a92686_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:475.43px;top:99.8px;">1,538</div><div id="a92690_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:527.484px;top:99.8px;display:flex;">(783)</div><div id="a92693_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.857px;top:99.8px;display:flex;">(129)</div><div id="a92696_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:619.75px;top:99.8px;display:flex;">(180)</div><div id="a92699_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.657px;top:99.8px;display:flex;">(474)</div><div id="a92702" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:114.5px;">of which: Private clients with mortgages </div><div id="a92706_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:327.79px;top:114.5px;">156,930</div><div id="a92709_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:373.684px;top:114.5px;">147,651</div><div id="a92712_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:429.044px;top:114.5px;">8,579</div><div id="a92715_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:482.524px;top:114.5px;">699</div><div id="a92719_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:527.484px;top:114.5px;display:flex;">(161)</div><div id="a92722_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.577px;top:114.5px;display:flex;">(27)</div><div id="a92725_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:619.75px;top:114.5px;display:flex;">(107)</div><div id="a92728_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.39px;top:114.5px;display:flex;">(28)</div><div id="a92731" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:128.7px;">of which: Real estate financing </div><div id="a92734_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.51px;top:128.7px;">46,470</div><div id="a92737_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:378.417px;top:128.7px;">43,112</div><div id="a92740_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:429.044px;top:128.7px;">3,349</div><div id="a92743_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.457px;top:128.7px;">9</div><div id="a92747_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:532.204px;top:128.7px;display:flex;">(41)</div><div id="a92750_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.577px;top:128.7px;display:flex;">(17)</div><div id="a92753_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:624.484px;top:128.7px;display:flex;">(23)</div><div id="a92756_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:680.324px;top:128.7px;">0</div><div id="a92759" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:142.9px;">of which: Large corporate clients </div><div id="a92762_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.51px;top:142.9px;">12,226</div><div id="a92765_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:378.417px;top:142.9px;">10,733</div><div id="a92768_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:429.044px;top:142.9px;">1,189</div><div id="a92771_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:482.524px;top:142.9px;">303</div><div id="a92775_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:527.484px;top:142.9px;display:flex;">(130)</div><div id="a92778_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.577px;top:142.9px;display:flex;">(24)</div><div id="a92781_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:624.484px;top:142.9px;display:flex;">(14)</div><div id="a92784_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.39px;top:142.9px;display:flex;">(92)</div><div id="a92787" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:157.5px;">of which: SME clients </div><div id="a92790_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.51px;top:157.5px;">13,903</div><div id="a92793_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:378.417px;top:157.5px;">12,211</div><div id="a92796_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:429.044px;top:157.5px;">1,342</div><div id="a92799_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:482.524px;top:157.5px;">351</div><div id="a92803_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:527.484px;top:157.5px;display:flex;">(251)</div><div id="a92806_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.577px;top:157.5px;display:flex;">(26)</div><div id="a92809_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:624.484px;top:157.5px;display:flex;">(22)</div><div id="a92812_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:665.657px;top:157.5px;display:flex;">(203)</div><div id="a92815" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:171.7px;">of which: Lombard </div><div id="a92818_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:327.79px;top:171.7px;">132,287</div><div id="a92821_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:373.684px;top:171.7px;">132,196</div><div id="a92824_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:446.11px;top:171.7px;">0</div><div id="a92827_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:487.724px;top:171.7px;">91</div><div id="a92831_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:532.204px;top:171.7px;display:flex;">(26)</div><div id="a92834_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:171.7px;display:flex;">(9)</div><div id="a92837_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:634.417px;top:171.7px;">0</div><div id="a92840_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.39px;top:171.7px;display:flex;">(17)</div><div id="a92843" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:185.9px;">of which: Credit cards </div><div id="a92846_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:185.9px;">1,834</div><div id="a92849_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:383.15px;top:185.9px;">1,420</div><div id="a92852_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:436.137px;top:185.9px;">382</div><div id="a92855_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:487.724px;top:185.9px;">31</div><div id="a92859_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:532.204px;top:185.9px;display:flex;">(36)</div><div id="a92862_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:185.9px;display:flex;">(7)</div><div id="a92865_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:624.484px;top:185.9px;display:flex;">(10)</div><div id="a92868_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.39px;top:185.9px;display:flex;">(19)</div><div id="a92871" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:200.6px;">of which: Commodity trade finance </div><div id="a92875_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:200.6px;">3,272</div><div id="a92878_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:383.15px;top:200.6px;">3,261</div><div id="a92881_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:446.11px;top:200.6px;">0</div><div id="a92884_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:487.724px;top:200.6px;">11</div><div id="a92888_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:532.204px;top:200.6px;display:flex;">(96)</div><div id="a92891_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:200.6px;display:flex;">(6)</div><div id="a92894_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:634.417px;top:200.6px;">0</div><div id="a92897_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.39px;top:200.6px;display:flex;">(90)</div><div id="a92900" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:214.8px;">Other financial assets measured at amortized cost </div><div id="a92903_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:214.8px;">53,264</div><div id="a92906_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:378.417px;top:214.8px;">52,704</div><div id="a92909_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:436.137px;top:214.8px;">413</div><div id="a92912_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:482.524px;top:214.8px;">147</div><div id="a92916_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.204px;top:214.8px;display:flex;">(86)</div><div id="a92919_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.577px;top:214.8px;display:flex;">(17)</div><div id="a92922_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:629.217px;top:214.8px;display:flex;">(6)</div><div id="a92925_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.39px;top:214.8px;display:flex;">(63)</div><div id="a92928" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:229px;">of which: Loans to financial advisors </div><div id="a92931_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:229px;">2,611</div><div id="a92934_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:383.15px;top:229px;">2,357</div><div id="a92937_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:436.137px;top:229px;">128</div><div id="a92940_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:482.524px;top:229px;">126</div><div id="a92944_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:532.204px;top:229px;display:flex;">(59)</div><div id="a92947_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:229px;display:flex;">(7)</div><div id="a92950_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:629.217px;top:229px;display:flex;">(2)</div><div id="a92953_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.39px;top:229px;display:flex;">(51)</div><div id="a92956" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:243.2px;">Total financial assets<div style="display:inline-block;width:3.87px"> </div>measured at amortized cost </div><div id="a92959_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:327.79px;top:243.2px;">727,568</div><div id="a92962_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:373.684px;top:243.2px;">709,839</div><div id="a92965_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:424.324px;top:243.2px;">16,044</div><div id="a92968_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:475.43px;top:243.2px;">1,685</div><div id="a92972_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:243.2px;display:flex;">(889)</div><div id="a92975_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:573.857px;top:243.2px;display:flex;">(154)</div><div id="a92978_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:619.75px;top:243.2px;display:flex;">(199)</div><div id="a92981_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:665.657px;top:243.2px;display:flex;">(537)</div><div id="a92984" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:257.8px;">Financial assets measured at<div style="display:inline-block;width:3.79px"> </div>fair value through other comprehensive<div style="display:inline-block;width:3.79px"> </div>income </div><div id="a92987_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.27px;top:257.8px;">2,239</div><div id="a92990_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.15px;top:257.8px;">2,239</div><div id="a92993_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:446.11px;top:257.8px;">0</div><div id="a92996_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:492.457px;top:257.8px;">0</div><div id="a93000_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:542.137px;top:257.8px;">0</div><div id="a93003_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:257.8px;">0</div><div id="a93006_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:634.417px;top:257.8px;">0</div><div id="a93009_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:680.324px;top:257.8px;">0</div><div id="a93012" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:271.5px;">Total on-balance<div style="display:inline-block;width:3.77px"> </div>sheet financial assets within the scope of<div style="display:inline-block;width:3.78px"> </div>ECL requirements </div><div id="a93018_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:327.79px;top:271.5px;">729,807</div><div id="a93021_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:373.684px;top:271.5px;">712,078</div><div id="a93024_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:424.324px;top:271.5px;">16,044</div><div id="a93027_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:475.43px;top:271.5px;">1,685</div><div id="a93031_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:271.5px;display:flex;">(889)</div><div id="a93034_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:573.857px;top:271.5px;display:flex;">(154)</div><div id="a93037_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:619.75px;top:271.5px;display:flex;">(199)</div><div id="a93040_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:665.657px;top:271.5px;display:flex;">(537)</div><div id="a93056" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:381.724px;top:298.1px;">Total exposure </div><div id="a93059" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:569.124px;top:298.1px;">ECL provisions </div><div id="a93061" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:3.181px;top:311.8px;">Off-balance sheet (within the scope<div style="display:inline-block;width:3.71px"> </div>of ECL) </div><div id="a93067" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.057px;top:311.8px;">Total </div><div id="a93069" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:377.47px;top:311.8px;">Stage 1 </div><div id="a93071" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:423.377px;top:311.8px;">Stage 2 </div><div id="a93073" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:469.75px;top:311.8px;">Stage 3 </div><div id="a93076" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:528.897px;top:311.8px;">Total </div><div id="a93078" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:565.817px;top:311.8px;">Stage 1 </div><div id="a93080" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:611.724px;top:311.8px;">Stage 2 </div><div id="a93082" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:657.617px;top:311.8px;">Stage 3 </div><div id="a93084" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:325.5px;">Guarantees </div><div id="a93087_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:325.5px;">22,167</div><div id="a93090_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:378.417px;top:325.5px;">19,805</div><div id="a93093_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:429.044px;top:325.5px;">2,254</div><div id="a93096_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:482.524px;top:325.5px;">108</div><div id="a93100_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.204px;top:325.5px;display:flex;">(48)</div><div id="a93103_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.577px;top:325.5px;display:flex;">(13)</div><div id="a93106_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:629.217px;top:325.5px;display:flex;">(9)</div><div id="a93109_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.39px;top:325.5px;display:flex;">(26)</div><div id="a93112" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:339.7px;">of which: Large corporate clients </div><div id="a93115_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:339.7px;">3,663</div><div id="a93118_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:383.15px;top:339.7px;">2,883</div><div id="a93121_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:436.137px;top:339.7px;">721</div><div id="a93124_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:487.724px;top:339.7px;">58</div><div id="a93128_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:532.204px;top:339.7px;display:flex;">(26)</div><div id="a93131_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:339.7px;display:flex;">(2)</div><div id="a93134_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:629.217px;top:339.7px;display:flex;">(3)</div><div id="a93137_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.39px;top:339.7px;display:flex;">(21)</div><div id="a93140" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:354.4px;">of which: SME clients </div><div id="a93143_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:354.4px;">1,337</div><div id="a93146_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:383.15px;top:354.4px;">1,124</div><div id="a93149_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:436.137px;top:354.4px;">164</div><div id="a93152_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:487.724px;top:354.4px;">49</div><div id="a93156_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:536.937px;top:354.4px;display:flex;">(5)</div><div id="a93159_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:354.4px;display:flex;">(1)</div><div id="a93162_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:629.217px;top:354.4px;display:flex;">(1)</div><div id="a93165_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:675.124px;top:354.4px;display:flex;">(3)</div><div id="a93168" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:368.6px;">of which: Financial intermediaries and hedge funds<div style="display:inline-block;width:3.82px"> </div></div><div id="a93171_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.51px;top:368.6px;">11,833</div><div id="a93174_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:378.417px;top:368.6px;">10,513</div><div id="a93177_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:429.044px;top:368.6px;">1,320</div><div id="a93180_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.457px;top:368.6px;">0</div><div id="a93184_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:532.204px;top:368.6px;display:flex;">(12)</div><div id="a93187_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:368.6px;display:flex;">(8)</div><div id="a93190_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:629.217px;top:368.6px;display:flex;">(4)</div><div id="a93193_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:680.324px;top:368.6px;">0</div><div id="a93196" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:382.7px;">of which: Lombard </div><div id="a93199_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:382.7px;">2,376</div><div id="a93202_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:383.15px;top:382.7px;">2,376</div><div id="a93205_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:446.11px;top:382.7px;">0</div><div id="a93208_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.457px;top:382.7px;">1</div><div id="a93212_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:536.937px;top:382.7px;display:flex;">(1)</div><div id="a93215_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:588.51px;top:382.7px;">0</div><div id="a93218_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:634.417px;top:382.7px;">0</div><div id="a93221_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:675.124px;top:382.7px;display:flex;">(1)</div><div id="a93224" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:396.9px;">of which: Commodity trade finance </div><div id="a93228_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:396.9px;">2,121</div><div id="a93231_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:383.15px;top:396.9px;">2,121</div><div id="a93234_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:446.11px;top:396.9px;">0</div><div id="a93237_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.457px;top:396.9px;">0</div><div id="a93241_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:536.937px;top:396.9px;display:flex;">(1)</div><div id="a93244_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:396.9px;display:flex;">(1)</div><div id="a93247_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:634.417px;top:396.9px;">0</div><div id="a93250_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:680.324px;top:396.9px;">0</div><div id="a93253" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:411.6px;">Irrevocable loan commitments </div><div id="a93256_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:411.6px;">39,996</div><div id="a93259_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:378.417px;top:411.6px;">37,531</div><div id="a93262_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:429.044px;top:411.6px;">2,341</div><div id="a93265_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:482.524px;top:411.6px;">124</div><div id="a93269_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:527.484px;top:411.6px;display:flex;">(111)</div><div id="a93272_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.577px;top:411.6px;display:flex;">(59)</div><div id="a93275_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:624.484px;top:411.6px;display:flex;">(52)</div><div id="a93278_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:680.324px;top:411.6px;">0</div><div id="a93281" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:425.8px;">of which: Large corporate clients </div><div id="a93284_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.51px;top:425.8px;">23,611</div><div id="a93287_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:378.417px;top:425.8px;">21,488</div><div id="a93290_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:429.044px;top:425.8px;">2,024</div><div id="a93293_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:487.724px;top:425.8px;">99</div><div id="a93297_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:532.204px;top:425.8px;display:flex;">(93)</div><div id="a93300_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.577px;top:425.8px;display:flex;">(49)</div><div id="a93303_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:624.484px;top:425.8px;display:flex;">(45)</div><div id="a93306_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:680.324px;top:425.8px;">0</div><div id="a93309" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:440px;">Forward starting reverse repurchase<div style="display:inline-block;width:3.94px"> </div>and securities borrowing agreements </div><div id="a93313_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:337.27px;top:440px;">3,801</div><div id="a93316_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:383.15px;top:440px;">3,801</div><div id="a93319_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:446.11px;top:440px;">0</div><div id="a93322_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:492.457px;top:440px;">0</div><div id="a93326_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:542.137px;top:440px;">0</div><div id="a93329_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:440px;">0</div><div id="a93332_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:634.417px;top:440px;">0</div><div id="a93335_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:680.324px;top:440px;">0</div><div id="a93338" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:454.7px;">Committed unconditionally revocable credit lines </div><div id="a93341_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:454.7px;">41,390</div><div id="a93344_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:378.417px;top:454.7px;">39,521</div><div id="a93347_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:429.044px;top:454.7px;">1,833</div><div id="a93350_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:487.724px;top:454.7px;">36</div><div id="a93354_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.204px;top:454.7px;display:flex;">(40)</div><div id="a93357_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.577px;top:454.7px;display:flex;">(32)</div><div id="a93360_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:629.217px;top:454.7px;display:flex;">(8)</div><div id="a93363_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:680.324px;top:454.7px;">0</div><div id="a93366" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:468.8px;">of which: Real estate financing </div><div id="a93369_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:468.8px;">8,711</div><div id="a93372_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:383.15px;top:468.8px;">8,528</div><div id="a93375_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:436.137px;top:468.8px;">183</div><div id="a93378_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.457px;top:468.8px;">0</div><div id="a93382_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:536.937px;top:468.8px;display:flex;">(6)</div><div id="a93385_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:468.8px;display:flex;">(6)</div><div id="a93388_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:634.417px;top:468.8px;">0</div><div id="a93391_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:680.324px;top:468.8px;">0</div><div id="a93394" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:483px;">of which: Large corporate clients </div><div id="a93397_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:483px;">4,578</div><div id="a93400_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:383.15px;top:483px;">4,304</div><div id="a93403_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:436.137px;top:483px;">268</div><div id="a93406_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.457px;top:483px;">5</div><div id="a93410_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:536.937px;top:483px;display:flex;">(4)</div><div id="a93413_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:483px;display:flex;">(1)</div><div id="a93416_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:629.217px;top:483px;display:flex;">(2)</div><div id="a93419_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:680.324px;top:483px;">0</div><div id="a93422" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:497.7px;">of which: SME clients </div><div id="a93425_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:497.7px;">4,723</div><div id="a93428_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:383.15px;top:497.7px;">4,442</div><div id="a93431_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:436.137px;top:497.7px;">256</div><div id="a93434_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:487.724px;top:497.7px;">26</div><div id="a93438_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:532.204px;top:497.7px;display:flex;">(19)</div><div id="a93441_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.577px;top:497.7px;display:flex;">(16)</div><div id="a93444_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:629.217px;top:497.7px;display:flex;">(3)</div><div id="a93447_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:680.324px;top:497.7px;">0</div><div id="a93450" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:511.9px;">of which: Lombard </div><div id="a93453_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:511.9px;">7,855</div><div id="a93456_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:383.15px;top:511.9px;">7,854</div><div id="a93459_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:446.11px;top:511.9px;">0</div><div id="a93462_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.457px;top:511.9px;">1</div><div id="a93466_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:542.137px;top:511.9px;">0</div><div id="a93469_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:588.51px;top:511.9px;">0</div><div id="a93472_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:634.417px;top:511.9px;">0</div><div id="a93475_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:680.324px;top:511.9px;">0</div><div id="a93478" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:526.1px;">of which: Credit cards </div><div id="a93481_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:526.1px;">9,390</div><div id="a93484_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:383.15px;top:526.1px;">8,900</div><div id="a93487_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:436.137px;top:526.1px;">487</div><div id="a93490_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.457px;top:526.1px;">3</div><div id="a93494_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:536.937px;top:526.1px;display:flex;">(7)</div><div id="a93497_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:526.1px;display:flex;">(5)</div><div id="a93500_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:629.217px;top:526.1px;display:flex;">(2)</div><div id="a93503_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:680.324px;top:526.1px;">0</div><div id="a93506" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:540.8px;">of which: Commodity trade finance </div><div id="a93509_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.364px;top:540.8px;">327</div><div id="a93512_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:390.27px;top:540.8px;">327</div><div id="a93515_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:446.11px;top:540.8px;">0</div><div id="a93518_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.457px;top:540.8px;">0</div><div id="a93522_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:542.137px;top:540.8px;">0</div><div id="a93525_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:588.51px;top:540.8px;">0</div><div id="a93528_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:634.417px;top:540.8px;">0</div><div id="a93531_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:680.324px;top:540.8px;">0</div><div id="a93534" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:554.9px;">Irrevocable committed prolongation of existing loans </div><div id="a93537_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:337.27px;top:554.9px;">4,696</div><div id="a93540_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:383.15px;top:554.9px;">4,600</div><div id="a93543_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:441.377px;top:554.9px;">94</div><div id="a93546_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:492.457px;top:554.9px;">2</div><div id="a93550_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.937px;top:554.9px;display:flex;">(2)</div><div id="a93553_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.31px;top:554.9px;display:flex;">(2)</div><div id="a93556_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:634.417px;top:554.9px;">0</div><div id="a93559_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:680.324px;top:554.9px;">0</div><div id="a93562" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:568.7px;">Total off-balance sheet<div style="display:inline-block;width:3.78px"> </div>financial instruments and credit lines </div><div id="a93567_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:327.79px;top:568.7px;">112,050</div><div id="a93570_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:373.684px;top:568.7px;">105,258</div><div id="a93573_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:429.044px;top:568.7px;">6,522</div><div id="a93576_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:482.524px;top:568.7px;">270</div><div id="a93580_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:568.7px;display:flex;">(201)</div><div id="a93583_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:573.857px;top:568.7px;display:flex;">(106)</div><div id="a93586_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:624.964px;top:568.7px;display:flex;">(69)</div><div id="a93589_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:670.857px;top:568.7px;display:flex;">(26)</div><div id="a93592" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:582.9px;">Total allowances and<div style="display:inline-block;width:3.73px"> </div>provisions </div><div id="a93600_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:582.9px;display:flex;">(1,091)</div><div id="a93603_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:573.857px;top:582.9px;display:flex;">(259)</div><div id="a93606_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:619.75px;top:582.9px;display:flex;">(267)</div><div id="a93609_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:665.657px;top:582.9px;display:flex;">(564)</div><div id="a93612" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:597.4px;">1 The carrying amount<div style="display:inline-block;width:3.5px"> </div>of financial assets measured<div style="display:inline-block;width:3.64px"> </div>at amortized cost represents<div style="display:inline-block;width:3.47px"> </div>the total gross exposure<div style="display:inline-block;width:3.77px"> </div>net of the respective ECL<div style="display:inline-block;width:3.54px"> </div>allowances.</div></div></div></div><div id="TextBlockContainer350" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:606px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_348_XBRL_TS_6340853a9bf24a5db3196715cfce45e7" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer349" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:606px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a93657" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a93660" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.577px;top:0px;">31.12.21 </div><div id="a93664" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:374.63px;top:15.1px;">Carrying amount</div><div id="a93665" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:435.204px;top:15.8px;">1</div><div id="a93668" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.497px;top:15.1px;">ECL allowances </div><div id="a93670" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:28.9px;">Financial instruments measured at<div style="display:inline-block;width:3.88px"> </div>amortized cost </div><div id="a93673" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:341.057px;top:28.9px;">Total </div><div id="a93675" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:376.524px;top:28.9px;">Stage 1 </div><div id="a93677" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.484px;top:28.9px;">Stage 2 </div><div id="a93679" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:466.444px;top:28.9px;">Stage 3 </div><div id="a93682" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.11px;top:28.9px;">Total </div><div id="a93684" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.617px;top:28.9px;">Stage 1 </div><div id="a93686" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.564px;top:28.9px;">Stage 2 </div><div id="a93688" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:650.497px;top:28.9px;">Stage 3 </div><div id="a93690" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:42.6px;">Cash and balances at central banks </div><div id="a93693_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:42.6px;">192,817</div><div id="a93696_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.737px;top:42.6px;">192,817</div><div id="a93699_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:42.6px;">0</div><div id="a93702_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.137px;top:42.6px;">0</div><div id="a93706_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:538.35px;top:42.6px;">0</div><div id="a93709_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.31px;top:42.6px;">0</div><div id="a93712_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.27px;top:42.6px;">0</div><div id="a93715_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:42.6px;">0</div><div id="a93718" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:56.8px;">Loans and advances to banks </div><div id="a93721_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:56.8px;">15,480</div><div id="a93724_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:56.8px;">15,453</div><div id="a93727_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:439.457px;top:56.8px;">26</div><div id="a93730_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.137px;top:56.8px;">1</div><div id="a93734_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.15px;top:56.8px;display:flex;">(8)</div><div id="a93737_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.11px;top:56.8px;display:flex;">(7)</div><div id="a93740_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.07px;top:56.8px;display:flex;">(1)</div><div id="a93743_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:56.8px;">0</div><div id="a93746" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:71.4px;">Receivables from securities financing transactions<div style="display:inline-block;width:4.01px"> </div>measured at amortized cost </div><div id="a93749_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:71.4px;">75,012</div><div id="a93752_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:71.4px;">75,012</div><div id="a93755_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:71.4px;">0</div><div id="a93758_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.137px;top:71.4px;">0</div><div id="a93762_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.15px;top:71.4px;display:flex;">(2)</div><div id="a93765_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.11px;top:71.4px;display:flex;">(2)</div><div id="a93768_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.27px;top:71.4px;">0</div><div id="a93771_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:71.4px;">0</div><div id="a93774" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:85.6px;">Cash collateral receivables on derivative<div style="display:inline-block;width:3.86px"> </div>instruments </div><div id="a93777_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:85.6px;">30,514</div><div id="a93780_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:85.6px;">30,514</div><div id="a93783_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:85.6px;">0</div><div id="a93786_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.137px;top:85.6px;">0</div><div id="a93790_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:538.35px;top:85.6px;">0</div><div id="a93793_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.31px;top:85.6px;">0</div><div id="a93796_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.27px;top:85.6px;">0</div><div id="a93799_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:85.6px;">0</div><div id="a93802" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:99.8px;">Loans and advances to customers </div><div id="a93805_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:99.8px;">397,761</div><div id="a93808_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.737px;top:99.8px;">380,564</div><div id="a93811_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:422.43px;top:99.8px;">15,620</div><div id="a93814_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:472.11px;top:99.8px;">1,577</div><div id="a93818_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.697px;top:99.8px;display:flex;">(850)</div><div id="a93821_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.657px;top:99.8px;display:flex;">(126)</div><div id="a93824_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.604px;top:99.8px;display:flex;">(152)</div><div id="a93827_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:99.8px;display:flex;">(572)</div><div id="a93830" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:114.5px;">of which: Private clients with mortgages </div><div id="a93834_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:327.79px;top:114.5px;">152,479</div><div id="a93837_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:372.737px;top:114.5px;">143,505</div><div id="a93840_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:427.164px;top:114.5px;">8,262</div><div id="a93843_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:479.204px;top:114.5px;">711</div><div id="a93847_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:523.697px;top:114.5px;display:flex;">(132)</div><div id="a93850_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:114.5px;display:flex;">(28)</div><div id="a93853_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:618.337px;top:114.5px;display:flex;">(71)</div><div id="a93856_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.297px;top:114.5px;display:flex;">(33)</div><div id="a93859" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:128.7px;">of which: Real estate financing </div><div id="a93862_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.51px;top:128.7px;">43,945</div><div id="a93865_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:377.47px;top:128.7px;">40,463</div><div id="a93868_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:427.164px;top:128.7px;">3,472</div><div id="a93871_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:128.7px;">9</div><div id="a93875_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:128.7px;display:flex;">(60)</div><div id="a93878_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:128.7px;display:flex;">(19)</div><div id="a93881_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:618.337px;top:128.7px;display:flex;">(40)</div><div id="a93884_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:128.7px;">0</div><div id="a93887" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:142.9px;">of which: Large corporate clients </div><div id="a93890_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.51px;top:142.9px;">13,990</div><div id="a93893_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:377.47px;top:142.9px;">12,643</div><div id="a93896_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:427.164px;top:142.9px;">1,037</div><div id="a93899_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:479.204px;top:142.9px;">310</div><div id="a93903_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:523.697px;top:142.9px;display:flex;">(170)</div><div id="a93906_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:142.9px;display:flex;">(22)</div><div id="a93909_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:618.337px;top:142.9px;display:flex;">(16)</div><div id="a93912_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:658.564px;top:142.9px;display:flex;">(133)</div><div id="a93915" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:157.1px;">of which: SME clients </div><div id="a93918_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.51px;top:157.1px;">14,004</div><div id="a93921_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:377.47px;top:157.1px;">12,076</div><div id="a93924_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:427.164px;top:157.1px;">1,492</div><div id="a93927_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:479.204px;top:157.1px;">436</div><div id="a93931_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:523.697px;top:157.1px;display:flex;">(259)</div><div id="a93934_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:157.1px;display:flex;">(19)</div><div id="a93937_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:618.337px;top:157.1px;display:flex;">(15)</div><div id="a93940_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:658.564px;top:157.1px;display:flex;">(225)</div><div id="a93943" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:171.8px;">of which: Lombard </div><div id="a93946_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:327.79px;top:171.8px;">149,283</div><div id="a93949_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:372.737px;top:171.8px;">149,255</div><div id="a93952_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.217px;top:171.8px;">0</div><div id="a93955_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:484.417px;top:171.8px;">27</div><div id="a93959_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:171.8px;display:flex;">(33)</div><div id="a93962_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:171.8px;display:flex;">(6)</div><div id="a93965_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:171.8px;">0</div><div id="a93968_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.297px;top:171.8px;display:flex;">(28)</div><div id="a93971" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:185.9px;">of which: Credit cards </div><div id="a93974_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:185.9px;">1,716</div><div id="a93977_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:185.9px;">1,345</div><div id="a93980_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:185.9px;">342</div><div id="a93983_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:484.417px;top:185.9px;">29</div><div id="a93987_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:185.9px;display:flex;">(36)</div><div id="a93990_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:185.9px;display:flex;">(10)</div><div id="a93993_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:185.9px;display:flex;">(9)</div><div id="a93996_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.297px;top:185.9px;display:flex;">(17)</div><div id="a93999" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:200.1px;">of which: Commodity trade finance </div><div id="a94003_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:200.1px;">3,813</div><div id="a94006_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:200.1px;">3,799</div><div id="a94009_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.217px;top:200.1px;">7</div><div id="a94012_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:200.1px;">7</div><div id="a94016_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:523.697px;top:200.1px;display:flex;">(114)</div><div id="a94019_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:200.1px;display:flex;">(6)</div><div id="a94022_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:200.1px;">0</div><div id="a94025_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:658.564px;top:200.1px;display:flex;">(108)</div><div id="a94028" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:214.8px;">Other financial assets measured at amortized cost </div><div id="a94031_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:214.8px;">26,209</div><div id="a94034_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:214.8px;">25,718</div><div id="a94037_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:434.257px;top:214.8px;">302</div><div id="a94040_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:479.204px;top:214.8px;">189</div><div id="a94044_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.697px;top:214.8px;display:flex;">(109)</div><div id="a94047_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.377px;top:214.8px;display:flex;">(27)</div><div id="a94050_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.07px;top:214.8px;display:flex;">(7)</div><div id="a94053_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:214.8px;display:flex;">(76)</div><div id="a94056" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:229px;">of which: Loans to financial advisors </div><div id="a94059_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:229px;">2,453</div><div id="a94062_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:229px;">2,184</div><div id="a94065_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:229px;">106</div><div id="a94068_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:479.204px;top:229px;">163</div><div id="a94072_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:229px;display:flex;">(86)</div><div id="a94075_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:229px;display:flex;">(19)</div><div id="a94078_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:229px;display:flex;">(3)</div><div id="a94081_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.297px;top:229px;display:flex;">(63)</div><div id="a94084" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:243.2px;">Total financial assets<div style="display:inline-block;width:3.87px"> </div>measured at amortized cost </div><div id="a94088_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:243.2px;">737,794</div><div id="a94091_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.737px;top:243.2px;">720,079</div><div id="a94094_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:422.43px;top:243.2px;">15,948</div><div id="a94097_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:472.11px;top:243.2px;">1,767</div><div id="a94101_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.697px;top:243.2px;display:flex;">(969)</div><div id="a94104_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.657px;top:243.2px;display:flex;">(161)</div><div id="a94107_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.604px;top:243.2px;display:flex;">(160)</div><div id="a94110_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:243.2px;display:flex;">(647)</div><div id="a94113" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:257.9px;">Financial assets measured at<div style="display:inline-block;width:3.79px"> </div>fair value through other comprehensive<div style="display:inline-block;width:3.79px"> </div>income </div><div id="a94116_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:337.27px;top:257.9px;">8,844</div><div id="a94119_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:382.204px;top:257.9px;">8,844</div><div id="a94122_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:257.9px;">0</div><div id="a94125_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.137px;top:257.9px;">0</div><div id="a94129_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:538.35px;top:257.9px;">0</div><div id="a94132_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.31px;top:257.9px;">0</div><div id="a94135_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.27px;top:257.9px;">0</div><div id="a94138_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:257.9px;">0</div><div id="a94141" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:271.6px;">Total on-balance<div style="display:inline-block;width:3.77px"> </div>sheet financial assets within the scope of<div style="display:inline-block;width:3.78px"> </div>ECL requirements </div><div id="a94147_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:271.6px;">746,638</div><div id="a94150_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.737px;top:271.6px;">728,923</div><div id="a94153_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:422.43px;top:271.6px;">15,948</div><div id="a94156_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:472.11px;top:271.6px;">1,767</div><div id="a94160_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.697px;top:271.6px;display:flex;">(969)</div><div id="a94163_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.657px;top:271.6px;display:flex;">(161)</div><div id="a94166_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.604px;top:271.6px;display:flex;">(160)</div><div id="a94169_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:271.6px;display:flex;">(647)</div><div id="a94185" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:298.1px;">Total exposure </div><div id="a94188" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.39px;top:298.1px;">ECL provisions </div><div id="a94190" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:311.8px;">Off-balance sheet (within the scope<div style="display:inline-block;width:3.71px"> </div>of ECL) </div><div id="a94196" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:341.057px;top:311.8px;">Total </div><div id="a94198" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:376.524px;top:311.8px;">Stage 1 </div><div id="a94200" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.484px;top:311.8px;">Stage 2 </div><div id="a94202" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:466.444px;top:311.8px;">Stage 3 </div><div id="a94205" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.11px;top:311.8px;">Total </div><div id="a94207" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.617px;top:311.8px;">Stage 1 </div><div id="a94209" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.564px;top:311.8px;">Stage 2 </div><div id="a94211" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:650.497px;top:311.8px;">Stage 3 </div><div id="a94213" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:325.5px;">Guarantees </div><div id="a94216_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:325.5px;">20,972</div><div id="a94219_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:325.5px;">19,695</div><div id="a94222_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:427.164px;top:325.5px;">1,127</div><div id="a94225_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:479.204px;top:325.5px;">150</div><div id="a94229_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:528.417px;top:325.5px;display:flex;">(41)</div><div id="a94232_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.377px;top:325.5px;display:flex;">(18)</div><div id="a94235_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.07px;top:325.5px;display:flex;">(8)</div><div id="a94238_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:325.5px;display:flex;">(15)</div><div id="a94241" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:339.7px;">of which: Large corporate clients </div><div id="a94244_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:339.7px;">3,464</div><div id="a94247_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:339.7px;">2,567</div><div id="a94250_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:339.7px;">793</div><div id="a94253_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:479.204px;top:339.7px;">104</div><div id="a94257_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:339.7px;display:flex;">(6)</div><div id="a94260_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:339.7px;display:flex;">(3)</div><div id="a94263_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:339.7px;display:flex;">(3)</div><div id="a94266_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:339.7px;">0</div><div id="a94269" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:353.9px;">of which: SME clients </div><div id="a94272_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:353.9px;">1,353</div><div id="a94275_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:353.9px;">1,143</div><div id="a94278_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:353.9px;">164</div><div id="a94281_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:484.417px;top:353.9px;">46</div><div id="a94285_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:353.9px;display:flex;">(8)</div><div id="a94288_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:353.9px;display:flex;">(1)</div><div id="a94291_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:353.9px;display:flex;">(1)</div><div id="a94294_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.03px;top:353.9px;display:flex;">(7)</div><div id="a94297" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:368.5px;">of which: Financial intermediaries and hedge funds<div style="display:inline-block;width:3.82px"> </div></div><div id="a94300_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:368.5px;">9,575</div><div id="a94303_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:368.5px;">9,491</div><div id="a94306_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:439.457px;top:368.5px;">84</div><div id="a94309_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:368.5px;">0</div><div id="a94313_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:368.5px;display:flex;">(17)</div><div id="a94316_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:368.5px;display:flex;">(13)</div><div id="a94319_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:368.5px;display:flex;">(4)</div><div id="a94322_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:368.5px;">0</div><div id="a94325" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:382.7px;">of which: Lombard </div><div id="a94328_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:382.7px;">2,454</div><div id="a94331_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:382.7px;">2,454</div><div id="a94334_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.217px;top:382.7px;">0</div><div id="a94337_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:382.7px;">0</div><div id="a94341_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:382.7px;display:flex;">(1)</div><div id="a94344_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:382.7px;">0</div><div id="a94347_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:382.7px;">0</div><div id="a94350_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.03px;top:382.7px;display:flex;">(1)</div><div id="a94353" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:396.9px;">of which: Commodity trade finance </div><div id="a94357_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:396.9px;">3,137</div><div id="a94360_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:396.9px;">3,137</div><div id="a94363_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.217px;top:396.9px;">0</div><div id="a94366_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:396.9px;">0</div><div id="a94370_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:396.9px;display:flex;">(1)</div><div id="a94373_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:396.9px;display:flex;">(1)</div><div id="a94376_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:396.9px;">0</div><div id="a94379_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:396.9px;">0</div><div id="a94382" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:411.6px;">Irrevocable loan commitments </div><div id="a94385_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:411.6px;">39,478</div><div id="a94388_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:411.6px;">37,097</div><div id="a94391_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:427.164px;top:411.6px;">2,335</div><div id="a94394_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:484.417px;top:411.6px;">46</div><div id="a94398_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.697px;top:411.6px;display:flex;">(114)</div><div id="a94401_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.377px;top:411.6px;display:flex;">(72)</div><div id="a94404_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:618.337px;top:411.6px;display:flex;">(42)</div><div id="a94407_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:411.6px;">0</div><div id="a94410" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:425.8px;">of which: Large corporate clients </div><div id="a94413_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.51px;top:425.8px;">23,922</div><div id="a94416_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:377.47px;top:425.8px;">21,811</div><div id="a94419_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:427.164px;top:425.8px;">2,102</div><div id="a94422_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:425.8px;">9</div><div id="a94426_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:523.697px;top:425.8px;display:flex;">(100)</div><div id="a94429_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:425.8px;display:flex;">(66)</div><div id="a94432_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:618.337px;top:425.8px;display:flex;">(34)</div><div id="a94435_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:425.8px;">0</div><div id="a94438" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:440px;">Forward starting reverse repurchase<div style="display:inline-block;width:3.94px"> </div>and securities borrowing agreements </div><div id="a94442_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:337.27px;top:440px;">1,444</div><div id="a94445_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:382.204px;top:440px;">1,444</div><div id="a94448_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:440px;">0</div><div id="a94451_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.137px;top:440px;">0</div><div id="a94455_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:538.35px;top:440px;">0</div><div id="a94458_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.31px;top:440px;">0</div><div id="a94461_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.27px;top:440px;">0</div><div id="a94464_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:440px;">0</div><div id="a94467" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:454.7px;">Committed unconditionally revocable credit lines </div><div id="a94470_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:454.7px;">40,778</div><div id="a94473_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:454.7px;">38,207</div><div id="a94476_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:427.164px;top:454.7px;">2,508</div><div id="a94479_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:484.417px;top:454.7px;">63</div><div id="a94483_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:528.417px;top:454.7px;display:flex;">(38)</div><div id="a94486_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.377px;top:454.7px;display:flex;">(28)</div><div id="a94489_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:618.337px;top:454.7px;display:flex;">(10)</div><div id="a94492_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:454.7px;">0</div><div id="a94495" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:468.8px;">of which: Real estate financing </div><div id="a94498_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:468.8px;">7,328</div><div id="a94501_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:468.8px;">7,046</div><div id="a94504_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:468.8px;">281</div><div id="a94507_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:468.8px;">0</div><div id="a94511_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:468.8px;display:flex;">(5)</div><div id="a94514_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:468.8px;display:flex;">(4)</div><div id="a94517_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:468.8px;display:flex;">(1)</div><div id="a94520_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:468.8px;">0</div><div id="a94523" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:483.1px;">of which: Large corporate clients </div><div id="a94526_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:483.1px;">5,358</div><div id="a94529_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:483.1px;">4,599</div><div id="a94532_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:483.1px;">736</div><div id="a94535_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:484.417px;top:483.1px;">23</div><div id="a94539_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:483.1px;display:flex;">(7)</div><div id="a94542_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:483.1px;display:flex;">(4)</div><div id="a94545_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:483.1px;display:flex;">(3)</div><div id="a94548_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:483.1px;">0</div><div id="a94551" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:497.2px;">of which: SME clients </div><div id="a94554_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:497.2px;">5,160</div><div id="a94557_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:497.2px;">4,736</div><div id="a94560_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:497.2px;">389</div><div id="a94563_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:484.417px;top:497.2px;">35</div><div id="a94567_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:497.2px;display:flex;">(15)</div><div id="a94570_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:497.2px;display:flex;">(11)</div><div id="a94573_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:497.2px;display:flex;">(3)</div><div id="a94576_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:497.2px;">0</div><div id="a94579" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:511.9px;">of which: Lombard </div><div id="a94582_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:511.9px;">8,670</div><div id="a94585_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:511.9px;">8,670</div><div id="a94588_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.217px;top:511.9px;">0</div><div id="a94591_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:511.9px;">0</div><div id="a94595_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:538.35px;top:511.9px;">0</div><div id="a94598_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:511.9px;">0</div><div id="a94601_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:511.9px;">0</div><div id="a94604_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:511.9px;">0</div><div id="a94607" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:526.1px;">of which: Credit cards </div><div id="a94610_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:526.1px;">9,466</div><div id="a94613_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:526.1px;">9,000</div><div id="a94616_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:526.1px;">462</div><div id="a94619_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:526.1px;">4</div><div id="a94623_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:526.1px;display:flex;">(6)</div><div id="a94626_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:526.1px;display:flex;">(5)</div><div id="a94629_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:526.1px;display:flex;">(2)</div><div id="a94632_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:526.1px;">0</div><div id="a94635" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:540.3px;">of which: Commodity trade finance </div><div id="a94638_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.364px;top:540.3px;">117</div><div id="a94641_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:389.324px;top:540.3px;">117</div><div id="a94644_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.217px;top:540.3px;">0</div><div id="a94647_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:540.3px;">0</div><div id="a94651_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:538.35px;top:540.3px;">0</div><div id="a94654_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:540.3px;">0</div><div id="a94657_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:540.3px;">0</div><div id="a94660_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:540.3px;">0</div><div id="a94663" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:554.9px;">Irrevocable committed prolongation of existing loans </div><div id="a94666_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:337.27px;top:554.9px;">5,611</div><div id="a94669_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:382.204px;top:554.9px;">5,527</div><div id="a94672_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:439.457px;top:554.9px;">36</div><div id="a94675_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:484.417px;top:554.9px;">48</div><div id="a94679_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.15px;top:554.9px;display:flex;">(3)</div><div id="a94682_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.11px;top:554.9px;display:flex;">(3)</div><div id="a94685_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.27px;top:554.9px;">0</div><div id="a94688_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:554.9px;">0</div><div id="a94691" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:568.7px;">Total off-balance sheet<div style="display:inline-block;width:3.78px"> </div>financial instruments and credit lines </div><div id="a94696_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:568.7px;">108,284</div><div id="a94699_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.737px;top:568.7px;">101,971</div><div id="a94702_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:427.164px;top:568.7px;">6,006</div><div id="a94705_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:479.204px;top:568.7px;">307</div><div id="a94709_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.697px;top:568.7px;display:flex;">(196)</div><div id="a94712_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.657px;top:568.7px;display:flex;">(121)</div><div id="a94715_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:618.817px;top:568.7px;display:flex;">(60)</div><div id="a94718_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:568.7px;display:flex;">(15)</div><div id="a94721" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:582.9px;">Total allowances and<div style="display:inline-block;width:3.73px"> </div>provisions </div><div id="a94729_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:516.604px;top:582.9px;display:flex;">(1,165)</div><div id="a94732_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.657px;top:582.9px;display:flex;">(282)</div><div id="a94735_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.604px;top:582.9px;display:flex;">(220)</div><div id="a94738_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:582.9px;display:flex;">(662)</div><div id="a94741" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:597.4px;">1 The carrying amount<div style="display:inline-block;width:3.5px"> </div>of financial assets measured<div style="display:inline-block;width:3.64px"> </div>at amortized cost represents<div style="display:inline-block;width:3.47px"> </div>the total gross exposure<div style="display:inline-block;width:3.77px"> </div>net of the respective ECL<div style="display:inline-block;width:3.54px"> </div>allowances.</div></div></div></div><div id="TextBlockContainer352" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:312px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a94788" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Coverage ratios are<div style="display:inline-block;width:6.07px"> </div>calculated for the<div style="display:inline-block;width:5.97px"> </div>core loan<div style="display:inline-block;width:5.22px"> </div>portfolio by taking<div style="display:inline-block;width:5.7px"> </div>ECL allowances<div style="display:inline-block;width:5.4px"> </div>and provisions<div style="display:inline-block;width:6.05px"> </div>divided by<div style="display:inline-block;width:5.03px"> </div>the gross </div><div id="a94793" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.2px;">carrying amount<div style="display:inline-block;width:5.2px"> </div>of the<div style="display:inline-block;width:5.4px"> </div>exposures.<div style="display:inline-block;width:5.55px"> </div>Core loan<div style="display:inline-block;width:5.58px"> </div>exposure is<div style="display:inline-block;width:5.32px"> </div>defined as<div style="display:inline-block;width:5.23px"> </div>the sum<div style="display:inline-block;width:5.45px"> </div>of </div><div id="a94796" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:466.272px;top:14.9px;">Loans and<div style="display:inline-block;width:5.96px"> </div>advances to<div style="display:inline-block;width:5.4px"> </div>customers</div><div id="a94797" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:659.818px;top:15.2px;"><div style="display:inline-block;width:4.25px"> </div>and </div><div id="a94799" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:30.5px;">Loans to financial advisors</div><div id="a94800" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:152.552px;top:30.8px;">.<div style="display:inline-block;width:11.92px"> </div></div><div id="a94802" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:53.5px;">These ratios are influenced by the following<div style="display:inline-block;width:5.48px"> </div>key factors:<div style="display:inline-block;width:4.36px"> </div></div><div id="a94810" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:68.6px;">–</div><div id="a94811" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:68.5px;"> </div><div id="a94812" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:68.6px;">Lombard loans are generally secured with marketable securities in<div style="display:inline-block;width:5.19px"> </div>portfolios that are, as a rule, highly diversified,<div style="display:inline-block;width:4.02px"> </div>with </div><div id="a94829" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:83.7px;">strict lending policies that are intended<div style="display:inline-block;width:5.23px"> </div>to ensure that credit risk is minimal<div style="display:inline-block;width:5.13px"> </div>under most circumstances;<div style="display:inline-block;width:5.12px"> </div></div><div id="a94845" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.4px;">–</div><div id="a94846" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:99.2px;"> </div><div id="a94847" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:99.4px;">mortgage loans<div style="display:inline-block;width:5.39px"> </div>to private<div style="display:inline-block;width:5.42px"> </div>clients and real<div style="display:inline-block;width:5.48px"> </div>estate financing<div style="display:inline-block;width:5.93px"> </div>are controlled<div style="display:inline-block;width:5.24px"> </div>by conservative<div style="display:inline-block;width:5.78px"> </div>eligibility criteria,<div style="display:inline-block;width:5.45px"> </div>including </div><div id="a94859" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:114.5px;">low loan-to-value ratios<div style="display:inline-block;width:4.46px"> </div>and strong debt service capabilit<div style="display:inline-block;width:1.38px"> </div>ies; </div><div id="a94873" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:130.1px;">–</div><div id="a94874" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:130px;"> </div><div id="a94875" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:130.1px;">the amount of unsecured<div style="display:inline-block;width:5.23px"> </div>retail lending (including credit cards) is insignificant;<div style="display:inline-block;width:5.67px"> </div></div><div id="a94878" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:145.2px;">–</div><div id="a94879" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:145.1px;"> </div><div id="a94880" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:145.2px;">lending in Switzerland includes government<div style="display:inline-block;width:1.69px"> </div>-backed COVID-19 loans; </div><div id="a94886" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:160.4px;">–</div><div id="a94887" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:160.2px;"> </div><div id="a94888" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:160.4px;">contractual<div style="display:inline-block;width:5.31px"> </div>maturities<div style="display:inline-block;width:5.1px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the<div style="display:inline-block;width:5.25px"> </div>loan<div style="display:inline-block;width:5.5px"> </div>portfolio, which<div style="display:inline-block;width:6.7px"> </div>are<div style="display:inline-block;width:5.29px"> </div>a<div style="display:inline-block;width:5.2px"> </div>factor in<div style="display:inline-block;width:6.36px"> </div>the<div style="display:inline-block;width:5.25px"> </div>calculation of<div style="display:inline-block;width:6.51px"> </div>ECLs,<div style="display:inline-block;width:5.62px"> </div>are generally<div style="display:inline-block;width:6.18px"> </div>short,<div style="display:inline-block;width:5.45px"> </div>with </div><div id="a94891" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:176px;">Lombard<div style="display:inline-block;width:5.07px"> </div>lending<div style="display:inline-block;width:5.33px"> </div>typically having<div style="display:inline-block;width:6.24px"> </div>average<div style="display:inline-block;width:5.05px"> </div>contractual<div style="display:inline-block;width:5.31px"> </div>maturities<div style="display:inline-block;width:5.1px"> </div>of 12<div style="display:inline-block;width:6.23px"> </div>months<div style="display:inline-block;width:5.08px"> </div>or less,<div style="display:inline-block;width:6.4px"> </div>real estate<div style="display:inline-block;width:5.98px"> </div>lending<div style="display:inline-block;width:5.33px"> </div>generally </div><div id="a94893" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:191.2px;">between<div style="display:inline-block;width:5.12px"> </div>two and<div style="display:inline-block;width:6.37px"> </div>three years<div style="display:inline-block;width:5.17px"> </div>in Switzerland<div style="display:inline-block;width:1.47px"> </div>,<div style="display:inline-block;width:4.83px"> </div>with long<div style="display:inline-block;width:5.86px"> </div>dated maturities<div style="display:inline-block;width:5.46px"> </div>in the<div style="display:inline-block;width:5.93px"> </div>US,<div style="display:inline-block;width:5.15px"> </div>and<div style="display:inline-block;width:5.13px"> </div>corporate lending<div style="display:inline-block;width:6.32px"> </div>between </div><div id="a94905" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:206.8px;">one and two years with related loan<div style="display:inline-block;width:5.03px"> </div>commitments up to four<div style="display:inline-block;width:5.13px"> </div>years; and<div style="display:inline-block;width:4.12px"> </div></div><div id="a94912" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:221.9px;">–</div><div id="a94913" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:221.7px;"> </div><div id="a94914" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:221.9px;">write-offs of<div style="display:inline-block;width:2.27px"> </div>ECL allowances against<div style="display:inline-block;width:1.92px"> </div>the gross loan<div style="display:inline-block;width:2.09px"> </div>balances when all<div style="display:inline-block;width:1.6px"> </div>or part of<div style="display:inline-block;width:1.62px"> </div>a financial<div style="display:inline-block;width:2.2px"> </div>asset is deemed<div style="display:inline-block;width:2.24px"> </div>uncollectible </div><div id="a94917" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:237.5px;">or forgiven, reduces the coverage ratios. </div><div id="a94919" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:252.7px;"> </div><div id="a94920" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:267.8px;">The total<div style="display:inline-block;width:5.77px"> </div>combined<div style="display:inline-block;width:5.08px"> </div>on-<div style="display:inline-block;width:5.07px"> </div>and<div style="display:inline-block;width:5.13px"> </div>off-balance sheet<div style="display:inline-block;width:6.03px"> </div>coverage ratio<div style="display:inline-block;width:5.89px"> </div>was at </div><div id="a94920_67_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:404.674px;top:267.8px;">21</div><div id="a94920_69_38" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:419.898px;top:267.8px;"><div style="display:inline-block;width:3.79px"> </div>basis points<div style="display:inline-block;width:5.9px"> </div>as of<div style="display:inline-block;width:5.88px"> </div>31 December 2022, </div><div id="a94920_107_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:647.427px;top:267.8px;">1</div><div id="a94920_108_7" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:655.058px;top:267.8px;"><div style="display:inline-block;width:3.35px"> </div>basis </div><div id="a94933" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:283.4px;">point lower than on 31 December 2021. The combined stage 1 and 2 ratio of </div><div id="a94933_74_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:448.242px;top:283.4px;">10</div><div id="a94933_76_37" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:462.965px;top:283.4px;"><div style="display:inline-block;width:3.79px"> </div>basis points was unchanged compared </div><div id="a94940" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:298.5px;">with 31 December 2021;<div style="display:inline-block;width:5.34px"> </div>the stage 3 ratio was 22%, </div><div id="a94940_50_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:310.125px;top:298.5px;">2</div><div id="a94940_51_53" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:317.691px;top:298.5px;"><div style="display:inline-block;width:3.3px"> </div>percentage points lower than<div style="display:inline-block;width:5.2px"> </div>as of 31 December 2021.</div></div><div id="TextBlockContainer355" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#9A3D37;line-height:normal;width:685px;height:486px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a94957" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:0px;">31.12.22 </div><div id="a94961" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:290.897px;top:13.7px;">Gross carrying amount (USD<div style="display:inline-block;width:3.82px"> </div>m) </div><div id="a94964" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:529.844px;top:13.7px;">ECL coverage (bps) </div><div id="a94966" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:27.9px;">On-balance sheet </div><div id="a94971" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:282.83px;top:27.9px;">Total </div><div id="a94973" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:325.417px;top:27.9px;">Stage 1 </div><div id="a94975" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.324px;top:27.9px;">Stage 2 </div><div id="a94977" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:415.804px;top:27.9px;">Stage 3 </div><div id="a94980" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:473.057px;top:27.9px;">Total </div><div id="a94982" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:508.564px;top:27.9px;">Stage 1 </div><div id="a94984" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.524px;top:27.9px;">Stage 2 </div><div id="a94986" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:594.657px;top:27.9px;">Stage 1&amp;2 </div><div id="a94988" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:650.497px;top:27.9px;">Stage 3 </div><div id="a94990" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:40.7px;">Private clients with mortgages </div><div id="a94993_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:269.59px;top:40.7px;">157,091</div><div id="a94996_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:321.63px;top:40.7px;">147,678</div><div id="a94999_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:40.7px;">8,686</div><div id="a95002_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:428.577px;top:40.7px;">727</div><div id="a95006_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.577px;top:40.7px;">10</div><div id="a95009_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.257px;top:40.7px;">2</div><div id="a95012_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.284px;top:40.7px;">123</div><div id="a95015_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:628.27px;top:40.7px;">9</div><div id="a95018_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.297px;top:40.7px;">381</div><div id="a95021" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:55.4px;">Real estate financing </div><div id="a95024_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:55.4px;">46,511</div><div id="a95027_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:55.4px;">43,129</div><div id="a95030_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:55.4px;">3,372</div><div id="a95033_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:438.51px;top:55.4px;">9</div><div id="a95037_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.297px;top:55.4px;">9</div><div id="a95040_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.257px;top:55.4px;">4</div><div id="a95043_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.484px;top:55.4px;">70</div><div id="a95046_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:628.27px;top:55.4px;">9</div><div id="a95049_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.297px;top:55.4px;">232</div><div id="a95052" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.166px;top:69.5px;">Total real estate lending </div><div id="a95055_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:269.59px;top:69.5px;">203,602</div><div id="a95058_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:321.63px;top:69.5px;">190,807</div><div id="a95061_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:372.27px;top:69.5px;">12,059</div><div id="a95064_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:428.577px;top:69.5px;">736</div><div id="a95068_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.577px;top:69.5px;">10</div><div id="a95071_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.257px;top:69.5px;">2</div><div id="a95074_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.284px;top:69.5px;">108</div><div id="a95077_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:628.27px;top:69.5px;">9</div><div id="a95080_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.297px;top:69.5px;">379</div><div id="a95083" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:83.7px;">Large corporate clients </div><div id="a95087_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:83.7px;">12,356</div><div id="a95090_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:83.7px;">10,757</div><div id="a95093_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:83.7px;">1,204</div><div id="a95096_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:428.577px;top:83.7px;">395</div><div id="a95100_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:476.377px;top:83.7px;">105</div><div id="a95103_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:526.537px;top:83.7px;">22</div><div id="a95106_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.284px;top:83.7px;">120</div><div id="a95109_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:623.537px;top:83.7px;">32</div><div id="a95112_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.204px;top:83.7px;">2,325</div><div id="a95115" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:98.4px;">SME clients </div><div id="a95118_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:98.4px;">14,154</div><div id="a95121_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:98.4px;">12,237</div><div id="a95124_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:98.4px;">1,364</div><div id="a95127_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:428.577px;top:98.4px;">553</div><div id="a95131_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:476.377px;top:98.4px;">177</div><div id="a95134_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:526.537px;top:98.4px;">22</div><div id="a95137_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.284px;top:98.4px;">161</div><div id="a95140_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:623.537px;top:98.4px;">36</div><div id="a95143_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.204px;top:98.4px;">3,664</div><div id="a95146" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.166px;top:112.6px;">Total corporate lending </div><div id="a95149_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:112.6px;">26,510</div><div id="a95152_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:112.6px;">22,994</div><div id="a95155_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:112.6px;">2,567</div><div id="a95158_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:428.577px;top:112.6px;">949</div><div id="a95162_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:476.377px;top:112.6px;">144</div><div id="a95165_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:526.537px;top:112.6px;">22</div><div id="a95168_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.284px;top:112.6px;">142</div><div id="a95171_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:623.537px;top:112.6px;">34</div><div id="a95174_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.204px;top:112.6px;">3,106</div><div id="a95177" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:126.8px;">Lombard </div><div id="a95180_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:269.59px;top:126.8px;">132,313</div><div id="a95183_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:321.63px;top:126.8px;">132,205</div><div id="a95186_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:394.057px;top:126.8px;">0</div><div id="a95189_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:428.577px;top:126.8px;">108</div><div id="a95193_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.297px;top:126.8px;">2</div><div id="a95196_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.257px;top:126.8px;">1</div><div id="a95199_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.217px;top:126.8px;">0</div><div id="a95202_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:628.27px;top:126.8px;">1</div><div id="a95205_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.204px;top:126.8px;">1,580</div><div id="a95208" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:141.5px;">Credit cards </div><div id="a95211_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:279.044px;top:141.5px;">1,869</div><div id="a95214_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:331.097px;top:141.5px;">1,427</div><div id="a95217_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:384.097px;top:141.5px;">393</div><div id="a95220_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:433.777px;top:141.5px;">50</div><div id="a95224_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:476.377px;top:141.5px;">190</div><div id="a95227_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:526.537px;top:141.5px;">46</div><div id="a95230_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.284px;top:141.5px;">256</div><div id="a95233_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:623.537px;top:141.5px;">91</div><div id="a95236_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.204px;top:141.5px;">3,779</div><div id="a95239" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:155.7px;">Commodity trade finance </div><div id="a95242_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:279.044px;top:155.7px;">3,367</div><div id="a95245_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:331.097px;top:155.7px;">3,266</div><div id="a95248_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:394.057px;top:155.7px;">0</div><div id="a95251_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:428.577px;top:155.7px;">101</div><div id="a95255_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:476.377px;top:155.7px;">285</div><div id="a95258_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:526.537px;top:155.7px;">18</div><div id="a95261_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.217px;top:155.7px;">0</div><div id="a95264_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:623.537px;top:155.7px;">18</div><div id="a95267_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.204px;top:155.7px;">8,901</div><div id="a95270" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:169.8px;">Other loans and advances to customers </div><div id="a95273_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:169.8px;">20,342</div><div id="a95276_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:169.8px;">19,525</div><div id="a95279_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:384.097px;top:169.8px;">748</div><div id="a95282_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:433.777px;top:169.8px;">68</div><div id="a95286_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.577px;top:169.8px;">21</div><div id="a95289_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.257px;top:169.8px;">7</div><div id="a95292_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.484px;top:169.8px;">38</div><div id="a95295_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:628.27px;top:169.8px;">8</div><div id="a95298_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.204px;top:169.8px;">3,769</div><div id="a95301" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:184.5px;">Loans to financial advisors </div><div id="a95304_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:279.044px;top:184.5px;">2,670</div><div id="a95307_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:331.097px;top:184.5px;">2,364</div><div id="a95310_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:384.097px;top:184.5px;">130</div><div id="a95313_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:428.577px;top:184.5px;">176</div><div id="a95317_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:476.377px;top:184.5px;">221</div><div id="a95320_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:526.537px;top:184.5px;">28</div><div id="a95323_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.284px;top:184.5px;">124</div><div id="a95326_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:623.537px;top:184.5px;">33</div><div id="a95329_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.204px;top:184.5px;">2,870</div><div id="a95332" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.166px;top:198.7px;">Total other lending </div><div id="a95335_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:269.59px;top:198.7px;">160,561</div><div id="a95338_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:321.63px;top:198.7px;">158,787</div><div id="a95341_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:198.7px;">1,270</div><div id="a95344_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:428.577px;top:198.7px;">503</div><div id="a95348_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.577px;top:198.7px;">16</div><div id="a95351_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.257px;top:198.7px;">3</div><div id="a95354_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.284px;top:198.7px;">114</div><div id="a95357_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:628.27px;top:198.7px;">4</div><div id="a95360_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.204px;top:198.7px;">4,016</div><div id="a95363" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:212.9px;">Total</div><div id="a95364" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:21.656px;top:213.5px;">1</div><div id="a95367_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:212.9px;">390,672</div><div id="a95370_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:212.9px;">372,588</div><div id="a95373_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.27px;top:212.9px;">15,896</div><div id="a95376_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.484px;top:212.9px;">2,188</div><div id="a95380_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.577px;top:212.9px;">22</div><div id="a95383_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.257px;top:212.9px;">4</div><div id="a95386_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.284px;top:212.9px;">114</div><div id="a95389_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.27px;top:212.9px;">8</div><div id="a95392_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.204px;top:212.9px;">2,398</div><div id="a95409" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:304.137px;top:240.3px;">Gross exposure (USD m) </div><div id="a95413" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:529.844px;top:240.3px;">ECL coverage (bps) </div><div id="a95415" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:254.5px;">Off-balance sheet </div><div id="a95420" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:282.83px;top:254.5px;">Total </div><div id="a95422" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:325.417px;top:254.5px;">Stage 1 </div><div id="a95424" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.324px;top:254.5px;">Stage 2 </div><div id="a95426" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:415.804px;top:254.5px;">Stage 3 </div><div id="a95429" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:473.057px;top:254.5px;">Total </div><div id="a95431" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:508.564px;top:254.5px;">Stage 1 </div><div id="a95433" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.524px;top:254.5px;">Stage 2 </div><div id="a95435" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:594.657px;top:254.5px;">Stage 1&amp;2 </div><div id="a95437" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:650.497px;top:254.5px;">Stage 3 </div><div id="a95439" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:267.8px;">Private clients with mortgages </div><div id="a95442_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:279.044px;top:267.8px;">6,535</div><div id="a95445_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:331.097px;top:267.8px;">6,296</div><div id="a95448_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:384.097px;top:267.8px;">236</div><div id="a95451_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:438.51px;top:267.8px;">3</div><div id="a95455_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.297px;top:267.8px;">5</div><div id="a95458_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.257px;top:267.8px;">4</div><div id="a95461_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.484px;top:267.8px;">18</div><div id="a95464_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:628.27px;top:267.8px;">4</div><div id="a95467_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.204px;top:267.8px;">1,183</div><div id="a95470" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:282px;">Real estate financing </div><div id="a95473_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:282px;">10,054</div><div id="a95476_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:331.097px;top:282px;">9,779</div><div id="a95479_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:384.097px;top:282px;">275</div><div id="a95482_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:438.51px;top:282px;">0</div><div id="a95486_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.297px;top:282px;">6</div><div id="a95489_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.257px;top:282px;">7</div><div id="a95492_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.217px;top:282px;">0</div><div id="a95495_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:628.27px;top:282px;">6</div><div id="a95498_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.23px;top:282px;">0</div><div id="a95501" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.166px;top:296.2px;">Total real estate lending </div><div id="a95504_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:296.2px;">16,589</div><div id="a95507_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:296.2px;">16,075</div><div id="a95510_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:384.097px;top:296.2px;">511</div><div id="a95513_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:438.51px;top:296.2px;">3</div><div id="a95517_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.297px;top:296.2px;">6</div><div id="a95520_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.257px;top:296.2px;">6</div><div id="a95523_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.217px;top:296.2px;">2</div><div id="a95526_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:628.27px;top:296.2px;">6</div><div id="a95529_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.204px;top:296.2px;">1,288</div><div id="a95532" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:310.8px;">Large corporate clients </div><div id="a95535_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:310.8px;">32,126</div><div id="a95538_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:310.8px;">28,950</div><div id="a95541_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:310.8px;">3,013</div><div id="a95544_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:428.577px;top:310.8px;">163</div><div id="a95548_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.577px;top:310.8px;">38</div><div id="a95551_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:526.537px;top:310.8px;">18</div><div id="a95554_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.284px;top:310.8px;">165</div><div id="a95557_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:623.537px;top:310.8px;">32</div><div id="a95560_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.204px;top:310.8px;">1,263</div><div id="a95563" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:325px;">SME clients </div><div id="a95566_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:279.044px;top:325px;">7,122</div><div id="a95569_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:331.097px;top:325px;">6,525</div><div id="a95572_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:384.097px;top:325px;">499</div><div id="a95575_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:433.777px;top:325px;">98</div><div id="a95579_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.577px;top:325px;">47</div><div id="a95582_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:526.537px;top:325px;">30</div><div id="a95585_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.284px;top:325px;">214</div><div id="a95588_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:623.537px;top:325px;">43</div><div id="a95591_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.297px;top:325px;">304</div><div id="a95594" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.166px;top:339.2px;">Total corporate lending </div><div id="a95597_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:339.2px;">39,247</div><div id="a95600_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:339.2px;">35,475</div><div id="a95603_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:339.2px;">3,513</div><div id="a95606_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:428.577px;top:339.2px;">260</div><div id="a95610_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.577px;top:339.2px;">40</div><div id="a95613_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:526.537px;top:339.2px;">20</div><div id="a95616_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.284px;top:339.2px;">172</div><div id="a95619_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:623.537px;top:339.2px;">34</div><div id="a95622_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.297px;top:339.2px;">903</div><div id="a95625" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:353.9px;">Lombard </div><div id="a95628_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:353.9px;">12,919</div><div id="a95631_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:353.9px;">12,918</div><div id="a95634_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:394.057px;top:353.9px;">0</div><div id="a95637_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:438.51px;top:353.9px;">1</div><div id="a95641_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.297px;top:353.9px;">2</div><div id="a95644_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.257px;top:353.9px;">1</div><div id="a95647_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.217px;top:353.9px;">0</div><div id="a95650_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:628.27px;top:353.9px;">1</div><div id="a95653_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.23px;top:353.9px;">0</div><div id="a95656" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:368.1px;">Credit cards </div><div id="a95659_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:279.044px;top:368.1px;">9,390</div><div id="a95662_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:331.097px;top:368.1px;">8,900</div><div id="a95665_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:384.097px;top:368.1px;">487</div><div id="a95668_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:438.51px;top:368.1px;">3</div><div id="a95672_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.297px;top:368.1px;">7</div><div id="a95675_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.257px;top:368.1px;">5</div><div id="a95678_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.484px;top:368.1px;">36</div><div id="a95681_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:628.27px;top:368.1px;">7</div><div id="a95684_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.23px;top:368.1px;">0</div><div id="a95687" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:382.3px;">Commodity trade finance </div><div id="a95690_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:279.044px;top:382.3px;">2,459</div><div id="a95693_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:331.097px;top:382.3px;">2,459</div><div id="a95696_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:394.057px;top:382.3px;">0</div><div id="a95699_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:438.51px;top:382.3px;">0</div><div id="a95703_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.297px;top:382.3px;">3</div><div id="a95706_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.257px;top:382.3px;">3</div><div id="a95709_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.217px;top:382.3px;">0</div><div id="a95712_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:628.27px;top:382.3px;">3</div><div id="a95715_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.23px;top:382.3px;">0</div><div id="a95718" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:396.9px;">Financial intermediaries and hedge funds </div><div id="a95721_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:396.9px;">15,841</div><div id="a95724_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:396.9px;">14,177</div><div id="a95727_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:396.9px;">1,664</div><div id="a95730_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:438.51px;top:396.9px;">0</div><div id="a95734_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.297px;top:396.9px;">9</div><div id="a95737_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.257px;top:396.9px;">7</div><div id="a95740_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.484px;top:396.9px;">25</div><div id="a95743_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:628.27px;top:396.9px;">9</div><div id="a95746_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.23px;top:396.9px;">0</div><div id="a95749" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:411.1px;">Other off-balance sheet commitments </div><div id="a95754_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:411.1px;">11,803</div><div id="a95757_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:411.1px;">11,454</div><div id="a95760_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:384.097px;top:411.1px;">346</div><div id="a95763_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:438.51px;top:411.1px;">3</div><div id="a95767_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.577px;top:411.1px;">11</div><div id="a95770_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.257px;top:411.1px;">8</div><div id="a95773_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.484px;top:411.1px;">68</div><div id="a95776_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:628.27px;top:411.1px;">9</div><div id="a95779_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.23px;top:411.1px;">0</div><div id="a95782" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.166px;top:425.3px;">Total other lending </div><div id="a95785_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:425.3px;">52,412</div><div id="a95788_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:425.3px;">49,907</div><div id="a95791_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:425.3px;">2,498</div><div id="a95794_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:438.51px;top:425.3px;">7</div><div id="a95798_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.297px;top:425.3px;">7</div><div id="a95801_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.257px;top:425.3px;">5</div><div id="a95804_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.484px;top:425.3px;">33</div><div id="a95807_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:628.27px;top:425.3px;">6</div><div id="a95810_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.23px;top:425.3px;">0</div><div id="a95813" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:439.5px;">Total</div><div id="a95814" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:21.656px;top:440.2px;">2</div><div id="a95817_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:439.5px;">108,249</div><div id="a95820_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:439.5px;">101,457</div><div id="a95823_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:439.5px;">6,522</div><div id="a95826_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:428.577px;top:439.5px;">270</div><div id="a95830_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.577px;top:439.5px;">19</div><div id="a95833_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:526.537px;top:439.5px;">10</div><div id="a95836_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.284px;top:439.5px;">106</div><div id="a95839_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.537px;top:439.5px;">16</div><div id="a95842_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:439.5px;">980</div><div id="a95845" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:454.2px;">Total on-<div style="display:inline-block;width:3.33px"> </div>and off-balance sheet</div><div id="a95851" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:117.684px;top:454.8px;">3</div><div id="a95854_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:454.2px;">498,921</div><div id="a95857_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:454.2px;">474,045</div><div id="a95860_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.27px;top:454.2px;">22,418</div><div id="a95863_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.484px;top:454.2px;">2,458</div><div id="a95867_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.577px;top:454.2px;">21</div><div id="a95870_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.257px;top:454.2px;">5</div><div id="a95873_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.284px;top:454.2px;">112</div><div id="a95876_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.537px;top:454.2px;">10</div><div id="a95879_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.204px;top:454.2px;">2,242</div><div id="a95882" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:467.8px;">1 Includes Loans and advances<div style="display:inline-block;width:3.85px"> </div>to customers and Loans to<div style="display:inline-block;width:3.46px"> </div>financial advisors which<div style="display:inline-block;width:3.62px"> </div>are presented on the<div style="display:inline-block;width:3.48px"> </div>balance sheet line Other<div style="display:inline-block;width:3.47px"> </div>assets measured at amortized<div style="display:inline-block;width:3.89px"> </div>cost.<div style="display:inline-block;width:8.67px"> </div>2 Excludes Forward<div style="display:inline-block;width:3.84px"> </div>starting reverse repurchase </div><div id="a95887" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:477.7px;">and securities borrowing agreements.<div style="display:inline-block;width:10.41px"> </div>3</div><div id="a95889" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:135.684px;top:477.7px;">Includes on-balance-sheet<div style="display:inline-block;width:3.52px"> </div>exposure, gross and<div style="display:inline-block;width:3.78px"> </div>off-balance-sheet exposure<div style="display:inline-block;width:3.4px"> </div>(notional) and the related<div style="display:inline-block;width:3.8px"> </div>ECL coverage ratio.</div></div><div id="TextBlockContainer360" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:693px;height:479px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_358_XBRL_TS_705093ceac2941a7afe73464939f6385" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer359" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:693px;height:479px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a95945" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:453.204px;top:0px;">31.12.21 </div><div id="a95949" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:291.844px;top:13.3px;">Gross carrying amount (USD<div style="display:inline-block;width:3.82px"> </div>m) </div><div id="a95952" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.99px;top:13.3px;">ECL coverage (bps) </div><div id="a95954" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:27.5px;">On-balance sheet </div><div id="a95959" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:282.83px;top:27.5px;">Total </div><div id="a95961" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:325.417px;top:27.5px;">Stage 1 </div><div id="a95963" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.324px;top:27.5px;">Stage 2 </div><div id="a95965" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:417.697px;top:27.5px;">Stage 3 </div><div id="a95968" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.844px;top:27.5px;">Total </div><div id="a95970" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.764px;top:27.5px;">Stage 1 </div><div id="a95972" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.67px;top:27.5px;">Stage 2 </div><div id="a95974" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.79px;top:27.5px;">Stage 1&amp;2 </div><div id="a95976" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:27.5px;">Stage 3 </div><div id="a95978" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:40.2px;">Private clients with mortgages </div><div id="a95981_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:40.2px;">152,610</div><div id="a95984_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:40.2px;">143,533</div><div id="a95987_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:40.2px;">8,333</div><div id="a95990_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:40.2px;">744</div><div id="a95994_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.084px;top:40.2px;">9</div><div id="a95997_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:40.2px;">2</div><div id="a96000_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:40.2px;">85</div><div id="a96003_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:40.2px;">6</div><div id="a96006_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:671.337px;top:40.2px;">446</div><div id="a96009" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:54.4px;">Real estate financing </div><div id="a96012_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:54.4px;">44,004</div><div id="a96015_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:54.4px;">40,483</div><div id="a96018_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:54.4px;">3,512</div><div id="a96021_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.67px;top:54.4px;">10</div><div id="a96025_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:54.4px;">14</div><div id="a96028_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:54.4px;">5</div><div id="a96031_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:54.4px;">114</div><div id="a96034_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:54.4px;">14</div><div id="a96037_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:671.337px;top:54.4px;">231</div><div id="a96040" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:68.6px;">Total real estate lending </div><div id="a96043_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:68.6px;">196,615</div><div id="a96046_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:68.6px;">184,016</div><div id="a96049_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.27px;top:68.6px;">11,845</div><div id="a96052_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:68.6px;">754</div><div id="a96056_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:68.6px;">10</div><div id="a96059_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:68.6px;">3</div><div id="a96062_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:68.6px;">94</div><div id="a96065_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:68.6px;">8</div><div id="a96068_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:671.337px;top:68.6px;">443</div><div id="a96071" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:82.8px;">Large corporate clients </div><div id="a96075_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:82.8px;">14,161</div><div id="a96078_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:82.8px;">12,665</div><div id="a96081_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:82.8px;">1,053</div><div id="a96084_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:82.8px;">443</div><div id="a96088_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.15px;top:82.8px;">120</div><div id="a96091_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:82.8px;">18</div><div id="a96094_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:82.8px;">148</div><div id="a96097_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:82.8px;">28</div><div id="a96100_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:82.8px;">2,997</div><div id="a96103" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:97px;">SME clients </div><div id="a96106_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:97px;">14,263</div><div id="a96109_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:97px;">12,095</div><div id="a96112_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:97px;">1,507</div><div id="a96115_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:97px;">661</div><div id="a96119_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.15px;top:97px;">182</div><div id="a96122_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:97px;">16</div><div id="a96125_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:97px;">103</div><div id="a96128_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:97px;">25</div><div id="a96131_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:97px;">3,402</div><div id="a96134" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:110.7px;">Total corporate lending </div><div id="a96137_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:110.7px;">28,424</div><div id="a96140_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:110.7px;">24,760</div><div id="a96143_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:110.7px;">2,560</div><div id="a96146_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.377px;top:110.7px;">1,104</div><div id="a96150_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.15px;top:110.7px;">151</div><div id="a96153_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:110.7px;">17</div><div id="a96156_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:110.7px;">121</div><div id="a96159_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:110.7px;">26</div><div id="a96162_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:110.7px;">3,240</div><div id="a96165" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:124.9px;">Lombard </div><div id="a96168_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:124.9px;">149,316</div><div id="a96171_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:124.9px;">149,261</div><div id="a96174_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.057px;top:124.9px;">0</div><div id="a96177_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.67px;top:124.9px;">55</div><div id="a96181_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.084px;top:124.9px;">2</div><div id="a96184_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:124.9px;">0</div><div id="a96187_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:124.9px;">0</div><div id="a96190_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:124.9px;">0</div><div id="a96193_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:124.9px;">5,026</div><div id="a96196" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:139.1px;">Credit cards </div><div id="a96199_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:279.044px;top:139.1px;">1,752</div><div id="a96202_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.097px;top:139.1px;">1,355</div><div id="a96205_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:139.1px;">351</div><div id="a96208_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.67px;top:139.1px;">46</div><div id="a96212_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.15px;top:139.1px;">204</div><div id="a96215_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:139.1px;">72</div><div id="a96218_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:139.1px;">255</div><div id="a96221_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:625.43px;top:139.1px;">109</div><div id="a96224_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:139.1px;">3,735</div><div id="a96227" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:153.3px;">Commodity trade finance </div><div id="a96230_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:279.044px;top:153.3px;">3,927</div><div id="a96233_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.097px;top:153.3px;">3,805</div><div id="a96236_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.057px;top:153.3px;">7</div><div id="a96239_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:153.3px;">115</div><div id="a96243_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.15px;top:153.3px;">290</div><div id="a96246_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:153.3px;">15</div><div id="a96249_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:153.3px;">3</div><div id="a96252_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:153.3px;">15</div><div id="a96255_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:153.3px;">9,388</div><div id="a96258" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:167.5px;">Other loans and advances to customers </div><div id="a96261_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:167.5px;">18,578</div><div id="a96264_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:167.5px;">17,493</div><div id="a96267_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:167.5px;">1,010</div><div id="a96270_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.67px;top:167.5px;">75</div><div id="a96274_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:167.5px;">25</div><div id="a96277_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:167.5px;">9</div><div id="a96280_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:167.5px;">15</div><div id="a96283_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:167.5px;">10</div><div id="a96286_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:167.5px;">3,730</div><div id="a96289" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:181.7px;">Loans to financial advisors </div><div id="a96292_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:279.044px;top:181.7px;">2,539</div><div id="a96295_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.097px;top:181.7px;">2,203</div><div id="a96298_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:181.7px;">109</div><div id="a96301_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:181.7px;">226</div><div id="a96305_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.15px;top:181.7px;">338</div><div id="a96308_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:181.7px;">88</div><div id="a96311_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:181.7px;">303</div><div id="a96314_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:181.7px;">99</div><div id="a96317_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:181.7px;">2,791</div><div id="a96320" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:195.9px;">Total other lending </div><div id="a96323_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:195.9px;">176,111</div><div id="a96326_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:195.9px;">174,117</div><div id="a96329_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:195.9px;">1,477</div><div id="a96332_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:195.9px;">517</div><div id="a96336_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:195.9px;">18</div><div id="a96339_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:195.9px;">3</div><div id="a96342_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:195.9px;">93</div><div id="a96345_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:195.9px;">4</div><div id="a96348_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:195.9px;">4,718</div><div id="a96351" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:210.1px;">Total</div><div id="a96352" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:21.656px;top:210.7px;">1</div><div id="a96355_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:210.1px;">401,150</div><div id="a96358_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:210.1px;">382,893</div><div id="a96361_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.27px;top:210.1px;">15,882</div><div id="a96364_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.377px;top:210.1px;">2,374</div><div id="a96368_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:210.1px;">23</div><div id="a96371_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:210.1px;">4</div><div id="a96374_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:210.1px;">98</div><div id="a96377_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:210.1px;">8</div><div id="a96380_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:210.1px;">2,673</div><div id="a96397" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:305.084px;top:236.1px;">Gross exposure (USD m) </div><div id="a96401" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.99px;top:236.1px;">ECL coverage (bps) </div><div id="a96403" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:250.3px;">Off-balance sheet </div><div id="a96408" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:282.83px;top:250.3px;">Total </div><div id="a96410" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:325.417px;top:250.3px;">Stage 1 </div><div id="a96412" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.324px;top:250.3px;">Stage 2 </div><div id="a96414" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:417.697px;top:250.3px;">Stage 3 </div><div id="a96417" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.844px;top:250.3px;">Total </div><div id="a96419" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.764px;top:250.3px;">Stage 1 </div><div id="a96421" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.67px;top:250.3px;">Stage 2 </div><div id="a96423" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.79px;top:250.3px;">Stage 1&amp;2 </div><div id="a96425" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:250.3px;">Stage 3 </div><div id="a96427" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:263.1px;">Private clients with mortgages </div><div id="a96430_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:279.044px;top:263.1px;">9,123</div><div id="a96433_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.097px;top:263.1px;">8,798</div><div id="a96436_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:263.1px;">276</div><div id="a96439_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.67px;top:263.1px;">49</div><div id="a96443_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.084px;top:263.1px;">3</div><div id="a96446_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:263.1px;">3</div><div id="a96449_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:263.1px;">9</div><div id="a96452_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:263.1px;">3</div><div id="a96455_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:676.537px;top:263.1px;">15</div><div id="a96458" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:277.3px;">Real estate financing </div><div id="a96461_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:279.044px;top:277.3px;">8,766</div><div id="a96464_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.097px;top:277.3px;">8,481</div><div id="a96467_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:277.3px;">285</div><div id="a96470_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.404px;top:277.3px;">0</div><div id="a96474_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.084px;top:277.3px;">9</div><div id="a96477_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:277.3px;">7</div><div id="a96480_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:277.3px;">88</div><div id="a96483_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:277.3px;">9</div><div id="a96486_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:681.27px;top:277.3px;">0</div><div id="a96489" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:291.4px;">Total real estate lending </div><div id="a96492_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:291.4px;">17,889</div><div id="a96495_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:291.4px;">17,278</div><div id="a96498_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:291.4px;">562</div><div id="a96501_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.67px;top:291.4px;">49</div><div id="a96505_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.084px;top:291.4px;">6</div><div id="a96508_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:291.4px;">5</div><div id="a96511_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:291.4px;">49</div><div id="a96514_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:291.4px;">6</div><div id="a96517_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:676.537px;top:291.4px;">15</div><div id="a96520" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:305.6px;">Large corporate clients </div><div id="a96523_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:305.6px;">32,748</div><div id="a96526_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:305.6px;">28,981</div><div id="a96529_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:305.6px;">3,630</div><div id="a96532_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:305.6px;">136</div><div id="a96536_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:305.6px;">34</div><div id="a96539_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:305.6px;">25</div><div id="a96542_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:305.6px;">110</div><div id="a96545_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:305.6px;">35</div><div id="a96548_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:681.27px;top:305.6px;">1</div><div id="a96551" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:319.3px;">SME clients </div><div id="a96554_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:279.044px;top:319.3px;">8,077</div><div id="a96557_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.097px;top:319.3px;">7,276</div><div id="a96560_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:319.3px;">688</div><div id="a96563_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:319.3px;">114</div><div id="a96567_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:319.3px;">38</div><div id="a96570_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:319.3px;">19</div><div id="a96573_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:319.3px;">151</div><div id="a96576_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:319.3px;">30</div><div id="a96579_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:671.337px;top:319.3px;">585</div><div id="a96582" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:333.6px;">Total corporate lending </div><div id="a96585_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:333.6px;">40,826</div><div id="a96588_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:333.6px;">36,258</div><div id="a96591_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:333.6px;">4,318</div><div id="a96594_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:333.6px;">250</div><div id="a96598_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:333.6px;">35</div><div id="a96601_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:333.6px;">24</div><div id="a96604_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:333.6px;">117</div><div id="a96607_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:333.6px;">34</div><div id="a96610_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:671.337px;top:333.6px;">266</div><div id="a96613" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:347.7px;">Lombard </div><div id="a96616_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:347.7px;">14,438</div><div id="a96619_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:347.7px;">14,438</div><div id="a96622_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.057px;top:347.7px;">0</div><div id="a96625_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.404px;top:347.7px;">0</div><div id="a96629_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.084px;top:347.7px;">1</div><div id="a96632_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:347.7px;">0</div><div id="a96635_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:347.7px;">0</div><div id="a96638_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:347.7px;">0</div><div id="a96641_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:681.27px;top:347.7px;">0</div><div id="a96644" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:361.9px;">Credit cards </div><div id="a96647_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:279.044px;top:361.9px;">9,466</div><div id="a96650_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.097px;top:361.9px;">9,000</div><div id="a96653_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:361.9px;">462</div><div id="a96656_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.404px;top:361.9px;">4</div><div id="a96660_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.084px;top:361.9px;">7</div><div id="a96663_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:361.9px;">5</div><div id="a96666_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:361.9px;">34</div><div id="a96669_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:361.9px;">7</div><div id="a96672_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:681.27px;top:361.9px;">0</div><div id="a96675" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:376.1px;">Commodity trade finance </div><div id="a96678_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:279.044px;top:376.1px;">3,262</div><div id="a96681_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.097px;top:376.1px;">3,262</div><div id="a96684_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.057px;top:376.1px;">0</div><div id="a96687_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.404px;top:376.1px;">0</div><div id="a96691_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.084px;top:376.1px;">4</div><div id="a96694_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:376.1px;">4</div><div id="a96697_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:376.1px;">0</div><div id="a96700_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:376.1px;">4</div><div id="a96703_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:681.27px;top:376.1px;">0</div><div id="a96706" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:390.3px;">Financial intermediaries and hedge funds </div><div id="a96709_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:390.3px;">12,153</div><div id="a96712_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:390.3px;">11,784</div><div id="a96715_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:390.3px;">369</div><div id="a96718_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.404px;top:390.3px;">0</div><div id="a96722_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:390.3px;">15</div><div id="a96725_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:390.3px;">12</div><div id="a96728_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:390.3px;">120</div><div id="a96731_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:390.3px;">15</div><div id="a96734_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:681.27px;top:390.3px;">0</div><div id="a96737" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:404.5px;">Other off-balance sheet commitments </div><div id="a96742_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:279.044px;top:404.5px;">8,806</div><div id="a96745_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.097px;top:404.5px;">8,507</div><div id="a96748_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:404.5px;">296</div><div id="a96751_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.404px;top:404.5px;">4</div><div id="a96755_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:404.5px;">15</div><div id="a96758_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:404.5px;">6</div><div id="a96761_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:404.5px;">30</div><div id="a96764_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:404.5px;">7</div><div id="a96767_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:681.27px;top:404.5px;">0</div><div id="a96770" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:418.7px;">Total other lending </div><div id="a96773_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:418.7px;">48,126</div><div id="a96776_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:418.7px;">46,991</div><div id="a96779_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:418.7px;">1,127</div><div id="a96782_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.404px;top:418.7px;">8</div><div id="a96786_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.084px;top:418.7px;">9</div><div id="a96789_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:418.7px;">5</div><div id="a96792_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:418.7px;">61</div><div id="a96795_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:418.7px;">7</div><div id="a96798_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:681.27px;top:418.7px;">0</div><div id="a96801" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:432.9px;">Total</div><div id="a96802" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:21.656px;top:433.5px;">2</div><div id="a96805_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:432.9px;">106,840</div><div id="a96808_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:432.9px;">100,527</div><div id="a96811_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:432.9px;">6,006</div><div id="a96814_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:432.9px;">307</div><div id="a96818_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:432.9px;">18</div><div id="a96821_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:432.9px;">12</div><div id="a96824_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:432.9px;">100</div><div id="a96827_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:432.9px;">17</div><div id="a96830_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:671.337px;top:432.9px;">486</div><div id="a96833" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:446.6px;">Total on-<div style="display:inline-block;width:3.33px"> </div>and off-balance sheet</div><div id="a96839" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:117.684px;top:447.3px;">3</div><div id="a96842_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:446.6px;">507,990</div><div id="a96845_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:446.6px;">483,420</div><div id="a96848_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.27px;top:446.6px;">21,888</div><div id="a96851_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.377px;top:446.6px;">2,681</div><div id="a96855_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:446.6px;">22</div><div id="a96858_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:446.6px;">6</div><div id="a96861_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:446.6px;">99</div><div id="a96864_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:446.6px;">10</div><div id="a96867_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:446.6px;">2,423</div><div id="a96870" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:460.2px;">1 Includes Loans<div style="display:inline-block;width:3.48px"> </div>and advances to<div style="display:inline-block;width:3.98px"> </div>customers and Loans<div style="display:inline-block;width:4.09px"> </div>to financial<div style="display:inline-block;width:3.47px"> </div>advisors which are<div style="display:inline-block;width:3.78px"> </div>presented on the<div style="display:inline-block;width:3.95px"> </div>balance sheet line<div style="display:inline-block;width:3.96px"> </div>Other assets measured<div style="display:inline-block;width:3.94px"> </div>at amortized<div style="display:inline-block;width:3.4px"> </div>cost.<div style="display:inline-block;width:9.61px"> </div>2 Excludes Forward<div style="display:inline-block;width:4.31px"> </div>starting reverse<div style="display:inline-block;width:3.62px"> </div>repurchase </div><div id="a96875" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:470.6px;">and securities borrowing agreements.<div style="display:inline-block;width:10.41px"> </div>3 Includes on-balance-sheet<div style="display:inline-block;width:3.63px"> </div>exposure, gross and<div style="display:inline-block;width:3.78px"> </div>off-balance-sheet exposure<div style="display:inline-block;width:3.39px"> </div>(notional) and the related<div style="display:inline-block;width:3.8px"> </div>ECL coverage ratio.</div></div></div></div> <div id="TextBlockContainer345" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:691px;height:606px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a92528" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a92531" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:485.83px;top:0px;">31.12.22 </div><div id="a92535" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:376.524px;top:15.1px;">Carrying amount</div><div id="a92536" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:437.564px;top:15.8px;">1</div><div id="a92539" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:567.23px;top:15.1px;">ECL allowances </div><div id="a92541" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:3.181px;top:28.9px;">Financial instruments measured at<div style="display:inline-block;width:3.88px"> </div>amortized cost </div><div id="a92544" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.057px;top:28.9px;">Total </div><div id="a92546" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:377.47px;top:28.9px;">Stage 1 </div><div id="a92548" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:423.377px;top:28.9px;">Stage 2 </div><div id="a92550" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:469.75px;top:28.9px;">Stage 3 </div><div id="a92553" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:528.897px;top:28.9px;">Total </div><div id="a92555" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:565.817px;top:28.9px;">Stage 1 </div><div id="a92557" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:611.724px;top:28.9px;">Stage 2 </div><div id="a92559" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:657.617px;top:28.9px;">Stage 3 </div><div id="a92561" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:42.6px;">Cash and balances at central banks </div><div id="a92564_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:42.6px;">169,445</div><div id="a92567_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:373.684px;top:42.6px;">169,402</div><div id="a92570_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:441.377px;top:42.6px;">44</div><div id="a92573_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:492.457px;top:42.6px;">0</div><div id="a92577_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.204px;top:42.6px;display:flex;">(12)</div><div id="a92580_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:42.6px;">0</div><div id="a92583_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:624.484px;top:42.6px;display:flex;">(12)</div><div id="a92586_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:680.324px;top:42.6px;">0</div><div id="a92589" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:56.8px;">Loans and advances to banks </div><div id="a92592_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:56.8px;">14,792</div><div id="a92595_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:378.417px;top:56.8px;">14,792</div><div id="a92598_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:446.11px;top:56.8px;">1</div><div id="a92601_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:492.457px;top:56.8px;">0</div><div id="a92605_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.937px;top:56.8px;display:flex;">(6)</div><div id="a92608_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.31px;top:56.8px;display:flex;">(5)</div><div id="a92611_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:629.217px;top:56.8px;display:flex;">(1)</div><div id="a92614_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:680.324px;top:56.8px;">0</div><div id="a92617" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:71.4px;">Receivables from securities financing transactions<div style="display:inline-block;width:4.01px"> </div>measured at amortized cost </div><div id="a92621_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:71.4px;">67,814</div><div id="a92624_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:378.417px;top:71.4px;">67,814</div><div id="a92627_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:446.11px;top:71.4px;">0</div><div id="a92630_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:492.457px;top:71.4px;">0</div><div id="a92634_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.937px;top:71.4px;display:flex;">(2)</div><div id="a92637_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.31px;top:71.4px;display:flex;">(2)</div><div id="a92640_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:634.417px;top:71.4px;">0</div><div id="a92643_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:680.324px;top:71.4px;">0</div><div id="a92646" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:85.6px;">Cash collateral receivables on derivative<div style="display:inline-block;width:3.86px"> </div>instruments </div><div id="a92649_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:85.6px;">35,032</div><div id="a92652_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:378.417px;top:85.6px;">35,032</div><div id="a92655_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:446.11px;top:85.6px;">0</div><div id="a92658_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:492.457px;top:85.6px;">0</div><div id="a92662_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:542.137px;top:85.6px;">0</div><div id="a92665_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:85.6px;">0</div><div id="a92668_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:634.417px;top:85.6px;">0</div><div id="a92671_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:680.324px;top:85.6px;">0</div><div id="a92674" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:99.8px;">Loans and advances to customers </div><div id="a92677_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:99.8px;">387,220</div><div id="a92680_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:373.684px;top:99.8px;">370,095</div><div id="a92683_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:424.324px;top:99.8px;">15,587</div><div id="a92686_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:475.43px;top:99.8px;">1,538</div><div id="a92690_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:527.484px;top:99.8px;display:flex;">(783)</div><div id="a92693_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.857px;top:99.8px;display:flex;">(129)</div><div id="a92696_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:619.75px;top:99.8px;display:flex;">(180)</div><div id="a92699_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.657px;top:99.8px;display:flex;">(474)</div><div id="a92702" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:114.5px;">of which: Private clients with mortgages </div><div id="a92706_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:327.79px;top:114.5px;">156,930</div><div id="a92709_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:373.684px;top:114.5px;">147,651</div><div id="a92712_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:429.044px;top:114.5px;">8,579</div><div id="a92715_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:482.524px;top:114.5px;">699</div><div id="a92719_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:527.484px;top:114.5px;display:flex;">(161)</div><div id="a92722_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.577px;top:114.5px;display:flex;">(27)</div><div id="a92725_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:619.75px;top:114.5px;display:flex;">(107)</div><div id="a92728_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.39px;top:114.5px;display:flex;">(28)</div><div id="a92731" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:128.7px;">of which: Real estate financing </div><div id="a92734_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.51px;top:128.7px;">46,470</div><div id="a92737_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:378.417px;top:128.7px;">43,112</div><div id="a92740_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:429.044px;top:128.7px;">3,349</div><div id="a92743_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.457px;top:128.7px;">9</div><div id="a92747_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:532.204px;top:128.7px;display:flex;">(41)</div><div id="a92750_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.577px;top:128.7px;display:flex;">(17)</div><div id="a92753_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:624.484px;top:128.7px;display:flex;">(23)</div><div id="a92756_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:680.324px;top:128.7px;">0</div><div id="a92759" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:142.9px;">of which: Large corporate clients </div><div id="a92762_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.51px;top:142.9px;">12,226</div><div id="a92765_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:378.417px;top:142.9px;">10,733</div><div id="a92768_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:429.044px;top:142.9px;">1,189</div><div id="a92771_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:482.524px;top:142.9px;">303</div><div id="a92775_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:527.484px;top:142.9px;display:flex;">(130)</div><div id="a92778_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.577px;top:142.9px;display:flex;">(24)</div><div id="a92781_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:624.484px;top:142.9px;display:flex;">(14)</div><div id="a92784_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.39px;top:142.9px;display:flex;">(92)</div><div id="a92787" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:157.5px;">of which: SME clients </div><div id="a92790_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.51px;top:157.5px;">13,903</div><div id="a92793_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:378.417px;top:157.5px;">12,211</div><div id="a92796_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:429.044px;top:157.5px;">1,342</div><div id="a92799_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:482.524px;top:157.5px;">351</div><div id="a92803_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:527.484px;top:157.5px;display:flex;">(251)</div><div id="a92806_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.577px;top:157.5px;display:flex;">(26)</div><div id="a92809_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:624.484px;top:157.5px;display:flex;">(22)</div><div id="a92812_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:665.657px;top:157.5px;display:flex;">(203)</div><div id="a92815" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:171.7px;">of which: Lombard </div><div id="a92818_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:327.79px;top:171.7px;">132,287</div><div id="a92821_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:373.684px;top:171.7px;">132,196</div><div id="a92824_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:446.11px;top:171.7px;">0</div><div id="a92827_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:487.724px;top:171.7px;">91</div><div id="a92831_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:532.204px;top:171.7px;display:flex;">(26)</div><div id="a92834_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:171.7px;display:flex;">(9)</div><div id="a92837_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:634.417px;top:171.7px;">0</div><div id="a92840_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.39px;top:171.7px;display:flex;">(17)</div><div id="a92843" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:185.9px;">of which: Credit cards </div><div id="a92846_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:185.9px;">1,834</div><div id="a92849_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:383.15px;top:185.9px;">1,420</div><div id="a92852_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:436.137px;top:185.9px;">382</div><div id="a92855_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:487.724px;top:185.9px;">31</div><div id="a92859_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:532.204px;top:185.9px;display:flex;">(36)</div><div id="a92862_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:185.9px;display:flex;">(7)</div><div id="a92865_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:624.484px;top:185.9px;display:flex;">(10)</div><div id="a92868_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.39px;top:185.9px;display:flex;">(19)</div><div id="a92871" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:200.6px;">of which: Commodity trade finance </div><div id="a92875_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:200.6px;">3,272</div><div id="a92878_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:383.15px;top:200.6px;">3,261</div><div id="a92881_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:446.11px;top:200.6px;">0</div><div id="a92884_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:487.724px;top:200.6px;">11</div><div id="a92888_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:532.204px;top:200.6px;display:flex;">(96)</div><div id="a92891_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:200.6px;display:flex;">(6)</div><div id="a92894_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:634.417px;top:200.6px;">0</div><div id="a92897_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.39px;top:200.6px;display:flex;">(90)</div><div id="a92900" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:214.8px;">Other financial assets measured at amortized cost </div><div id="a92903_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:214.8px;">53,264</div><div id="a92906_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:378.417px;top:214.8px;">52,704</div><div id="a92909_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:436.137px;top:214.8px;">413</div><div id="a92912_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:482.524px;top:214.8px;">147</div><div id="a92916_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.204px;top:214.8px;display:flex;">(86)</div><div id="a92919_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.577px;top:214.8px;display:flex;">(17)</div><div id="a92922_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:629.217px;top:214.8px;display:flex;">(6)</div><div id="a92925_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.39px;top:214.8px;display:flex;">(63)</div><div id="a92928" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:229px;">of which: Loans to financial advisors </div><div id="a92931_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:229px;">2,611</div><div id="a92934_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:383.15px;top:229px;">2,357</div><div id="a92937_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:436.137px;top:229px;">128</div><div id="a92940_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:482.524px;top:229px;">126</div><div id="a92944_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:532.204px;top:229px;display:flex;">(59)</div><div id="a92947_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:229px;display:flex;">(7)</div><div id="a92950_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:629.217px;top:229px;display:flex;">(2)</div><div id="a92953_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.39px;top:229px;display:flex;">(51)</div><div id="a92956" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:243.2px;">Total financial assets<div style="display:inline-block;width:3.87px"> </div>measured at amortized cost </div><div id="a92959_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:327.79px;top:243.2px;">727,568</div><div id="a92962_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:373.684px;top:243.2px;">709,839</div><div id="a92965_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:424.324px;top:243.2px;">16,044</div><div id="a92968_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:475.43px;top:243.2px;">1,685</div><div id="a92972_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:243.2px;display:flex;">(889)</div><div id="a92975_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:573.857px;top:243.2px;display:flex;">(154)</div><div id="a92978_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:619.75px;top:243.2px;display:flex;">(199)</div><div id="a92981_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:665.657px;top:243.2px;display:flex;">(537)</div><div id="a92984" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:257.8px;">Financial assets measured at<div style="display:inline-block;width:3.79px"> </div>fair value through other comprehensive<div style="display:inline-block;width:3.79px"> </div>income </div><div id="a92987_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.27px;top:257.8px;">2,239</div><div id="a92990_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.15px;top:257.8px;">2,239</div><div id="a92993_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:446.11px;top:257.8px;">0</div><div id="a92996_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:492.457px;top:257.8px;">0</div><div id="a93000_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:542.137px;top:257.8px;">0</div><div id="a93003_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:257.8px;">0</div><div id="a93006_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:634.417px;top:257.8px;">0</div><div id="a93009_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:680.324px;top:257.8px;">0</div><div id="a93012" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:271.5px;">Total on-balance<div style="display:inline-block;width:3.77px"> </div>sheet financial assets within the scope of<div style="display:inline-block;width:3.78px"> </div>ECL requirements </div><div id="a93018_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:327.79px;top:271.5px;">729,807</div><div id="a93021_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:373.684px;top:271.5px;">712,078</div><div id="a93024_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:424.324px;top:271.5px;">16,044</div><div id="a93027_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:475.43px;top:271.5px;">1,685</div><div id="a93031_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:271.5px;display:flex;">(889)</div><div id="a93034_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:573.857px;top:271.5px;display:flex;">(154)</div><div id="a93037_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:619.75px;top:271.5px;display:flex;">(199)</div><div id="a93040_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:665.657px;top:271.5px;display:flex;">(537)</div><div id="a93056" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:381.724px;top:298.1px;">Total exposure </div><div id="a93059" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:569.124px;top:298.1px;">ECL provisions </div><div id="a93061" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:3.181px;top:311.8px;">Off-balance sheet (within the scope<div style="display:inline-block;width:3.71px"> </div>of ECL) </div><div id="a93067" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.057px;top:311.8px;">Total </div><div id="a93069" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:377.47px;top:311.8px;">Stage 1 </div><div id="a93071" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:423.377px;top:311.8px;">Stage 2 </div><div id="a93073" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:469.75px;top:311.8px;">Stage 3 </div><div id="a93076" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:528.897px;top:311.8px;">Total </div><div id="a93078" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:565.817px;top:311.8px;">Stage 1 </div><div id="a93080" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:611.724px;top:311.8px;">Stage 2 </div><div id="a93082" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:657.617px;top:311.8px;">Stage 3 </div><div id="a93084" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:325.5px;">Guarantees </div><div id="a93087_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:325.5px;">22,167</div><div id="a93090_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:378.417px;top:325.5px;">19,805</div><div id="a93093_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:429.044px;top:325.5px;">2,254</div><div id="a93096_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:482.524px;top:325.5px;">108</div><div id="a93100_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.204px;top:325.5px;display:flex;">(48)</div><div id="a93103_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.577px;top:325.5px;display:flex;">(13)</div><div id="a93106_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:629.217px;top:325.5px;display:flex;">(9)</div><div id="a93109_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.39px;top:325.5px;display:flex;">(26)</div><div id="a93112" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:339.7px;">of which: Large corporate clients </div><div id="a93115_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:339.7px;">3,663</div><div id="a93118_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:383.15px;top:339.7px;">2,883</div><div id="a93121_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:436.137px;top:339.7px;">721</div><div id="a93124_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:487.724px;top:339.7px;">58</div><div id="a93128_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:532.204px;top:339.7px;display:flex;">(26)</div><div id="a93131_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:339.7px;display:flex;">(2)</div><div id="a93134_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:629.217px;top:339.7px;display:flex;">(3)</div><div id="a93137_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.39px;top:339.7px;display:flex;">(21)</div><div id="a93140" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:354.4px;">of which: SME clients </div><div id="a93143_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:354.4px;">1,337</div><div id="a93146_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:383.15px;top:354.4px;">1,124</div><div id="a93149_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:436.137px;top:354.4px;">164</div><div id="a93152_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:487.724px;top:354.4px;">49</div><div id="a93156_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:536.937px;top:354.4px;display:flex;">(5)</div><div id="a93159_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:354.4px;display:flex;">(1)</div><div id="a93162_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:629.217px;top:354.4px;display:flex;">(1)</div><div id="a93165_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:675.124px;top:354.4px;display:flex;">(3)</div><div id="a93168" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:368.6px;">of which: Financial intermediaries and hedge funds<div style="display:inline-block;width:3.82px"> </div></div><div id="a93171_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.51px;top:368.6px;">11,833</div><div id="a93174_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:378.417px;top:368.6px;">10,513</div><div id="a93177_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:429.044px;top:368.6px;">1,320</div><div id="a93180_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.457px;top:368.6px;">0</div><div id="a93184_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:532.204px;top:368.6px;display:flex;">(12)</div><div id="a93187_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:368.6px;display:flex;">(8)</div><div id="a93190_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:629.217px;top:368.6px;display:flex;">(4)</div><div id="a93193_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:680.324px;top:368.6px;">0</div><div id="a93196" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:382.7px;">of which: Lombard </div><div id="a93199_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:382.7px;">2,376</div><div id="a93202_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:383.15px;top:382.7px;">2,376</div><div id="a93205_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:446.11px;top:382.7px;">0</div><div id="a93208_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.457px;top:382.7px;">1</div><div id="a93212_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:536.937px;top:382.7px;display:flex;">(1)</div><div id="a93215_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:588.51px;top:382.7px;">0</div><div id="a93218_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:634.417px;top:382.7px;">0</div><div id="a93221_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:675.124px;top:382.7px;display:flex;">(1)</div><div id="a93224" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:396.9px;">of which: Commodity trade finance </div><div id="a93228_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:396.9px;">2,121</div><div id="a93231_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:383.15px;top:396.9px;">2,121</div><div id="a93234_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:446.11px;top:396.9px;">0</div><div id="a93237_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.457px;top:396.9px;">0</div><div id="a93241_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:536.937px;top:396.9px;display:flex;">(1)</div><div id="a93244_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:396.9px;display:flex;">(1)</div><div id="a93247_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:634.417px;top:396.9px;">0</div><div id="a93250_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:680.324px;top:396.9px;">0</div><div id="a93253" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:411.6px;">Irrevocable loan commitments </div><div id="a93256_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:411.6px;">39,996</div><div id="a93259_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:378.417px;top:411.6px;">37,531</div><div id="a93262_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:429.044px;top:411.6px;">2,341</div><div id="a93265_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:482.524px;top:411.6px;">124</div><div id="a93269_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:527.484px;top:411.6px;display:flex;">(111)</div><div id="a93272_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.577px;top:411.6px;display:flex;">(59)</div><div id="a93275_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:624.484px;top:411.6px;display:flex;">(52)</div><div id="a93278_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:680.324px;top:411.6px;">0</div><div id="a93281" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:425.8px;">of which: Large corporate clients </div><div id="a93284_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.51px;top:425.8px;">23,611</div><div id="a93287_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:378.417px;top:425.8px;">21,488</div><div id="a93290_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:429.044px;top:425.8px;">2,024</div><div id="a93293_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:487.724px;top:425.8px;">99</div><div id="a93297_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:532.204px;top:425.8px;display:flex;">(93)</div><div id="a93300_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.577px;top:425.8px;display:flex;">(49)</div><div id="a93303_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:624.484px;top:425.8px;display:flex;">(45)</div><div id="a93306_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:680.324px;top:425.8px;">0</div><div id="a93309" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:440px;">Forward starting reverse repurchase<div style="display:inline-block;width:3.94px"> </div>and securities borrowing agreements </div><div id="a93313_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:337.27px;top:440px;">3,801</div><div id="a93316_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:383.15px;top:440px;">3,801</div><div id="a93319_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:446.11px;top:440px;">0</div><div id="a93322_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:492.457px;top:440px;">0</div><div id="a93326_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:542.137px;top:440px;">0</div><div id="a93329_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:440px;">0</div><div id="a93332_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:634.417px;top:440px;">0</div><div id="a93335_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:680.324px;top:440px;">0</div><div id="a93338" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:454.7px;">Committed unconditionally revocable credit lines </div><div id="a93341_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:454.7px;">41,390</div><div id="a93344_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:378.417px;top:454.7px;">39,521</div><div id="a93347_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:429.044px;top:454.7px;">1,833</div><div id="a93350_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:487.724px;top:454.7px;">36</div><div id="a93354_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.204px;top:454.7px;display:flex;">(40)</div><div id="a93357_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.577px;top:454.7px;display:flex;">(32)</div><div id="a93360_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:629.217px;top:454.7px;display:flex;">(8)</div><div id="a93363_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:680.324px;top:454.7px;">0</div><div id="a93366" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:468.8px;">of which: Real estate financing </div><div id="a93369_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:468.8px;">8,711</div><div id="a93372_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:383.15px;top:468.8px;">8,528</div><div id="a93375_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:436.137px;top:468.8px;">183</div><div id="a93378_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.457px;top:468.8px;">0</div><div id="a93382_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:536.937px;top:468.8px;display:flex;">(6)</div><div id="a93385_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:468.8px;display:flex;">(6)</div><div id="a93388_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:634.417px;top:468.8px;">0</div><div id="a93391_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:680.324px;top:468.8px;">0</div><div id="a93394" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:483px;">of which: Large corporate clients </div><div id="a93397_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:483px;">4,578</div><div id="a93400_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:383.15px;top:483px;">4,304</div><div id="a93403_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:436.137px;top:483px;">268</div><div id="a93406_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.457px;top:483px;">5</div><div id="a93410_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:536.937px;top:483px;display:flex;">(4)</div><div id="a93413_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:483px;display:flex;">(1)</div><div id="a93416_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:629.217px;top:483px;display:flex;">(2)</div><div id="a93419_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:680.324px;top:483px;">0</div><div id="a93422" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:497.7px;">of which: SME clients </div><div id="a93425_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:497.7px;">4,723</div><div id="a93428_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:383.15px;top:497.7px;">4,442</div><div id="a93431_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:436.137px;top:497.7px;">256</div><div id="a93434_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:487.724px;top:497.7px;">26</div><div id="a93438_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:532.204px;top:497.7px;display:flex;">(19)</div><div id="a93441_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.577px;top:497.7px;display:flex;">(16)</div><div id="a93444_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:629.217px;top:497.7px;display:flex;">(3)</div><div id="a93447_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:680.324px;top:497.7px;">0</div><div id="a93450" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:511.9px;">of which: Lombard </div><div id="a93453_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:511.9px;">7,855</div><div id="a93456_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:383.15px;top:511.9px;">7,854</div><div id="a93459_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:446.11px;top:511.9px;">0</div><div id="a93462_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.457px;top:511.9px;">1</div><div id="a93466_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:542.137px;top:511.9px;">0</div><div id="a93469_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:588.51px;top:511.9px;">0</div><div id="a93472_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:634.417px;top:511.9px;">0</div><div id="a93475_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:680.324px;top:511.9px;">0</div><div id="a93478" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:526.1px;">of which: Credit cards </div><div id="a93481_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:526.1px;">9,390</div><div id="a93484_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:383.15px;top:526.1px;">8,900</div><div id="a93487_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:436.137px;top:526.1px;">487</div><div id="a93490_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.457px;top:526.1px;">3</div><div id="a93494_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:536.937px;top:526.1px;display:flex;">(7)</div><div id="a93497_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:526.1px;display:flex;">(5)</div><div id="a93500_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:629.217px;top:526.1px;display:flex;">(2)</div><div id="a93503_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:680.324px;top:526.1px;">0</div><div id="a93506" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:540.8px;">of which: Commodity trade finance </div><div id="a93509_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.364px;top:540.8px;">327</div><div id="a93512_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:390.27px;top:540.8px;">327</div><div id="a93515_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:446.11px;top:540.8px;">0</div><div id="a93518_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.457px;top:540.8px;">0</div><div id="a93522_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:542.137px;top:540.8px;">0</div><div id="a93525_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:588.51px;top:540.8px;">0</div><div id="a93528_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:634.417px;top:540.8px;">0</div><div id="a93531_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:680.324px;top:540.8px;">0</div><div id="a93534" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:554.9px;">Irrevocable committed prolongation of existing loans </div><div id="a93537_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:337.27px;top:554.9px;">4,696</div><div id="a93540_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:383.15px;top:554.9px;">4,600</div><div id="a93543_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:441.377px;top:554.9px;">94</div><div id="a93546_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:492.457px;top:554.9px;">2</div><div id="a93550_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.937px;top:554.9px;display:flex;">(2)</div><div id="a93553_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.31px;top:554.9px;display:flex;">(2)</div><div id="a93556_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:634.417px;top:554.9px;">0</div><div id="a93559_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:680.324px;top:554.9px;">0</div><div id="a93562" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:568.7px;">Total off-balance sheet<div style="display:inline-block;width:3.78px"> </div>financial instruments and credit lines </div><div id="a93567_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:327.79px;top:568.7px;">112,050</div><div id="a93570_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:373.684px;top:568.7px;">105,258</div><div id="a93573_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:429.044px;top:568.7px;">6,522</div><div id="a93576_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:482.524px;top:568.7px;">270</div><div id="a93580_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:568.7px;display:flex;">(201)</div><div id="a93583_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:573.857px;top:568.7px;display:flex;">(106)</div><div id="a93586_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:624.964px;top:568.7px;display:flex;">(69)</div><div id="a93589_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:670.857px;top:568.7px;display:flex;">(26)</div><div id="a93592" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:582.9px;">Total allowances and<div style="display:inline-block;width:3.73px"> </div>provisions </div><div id="a93600_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:582.9px;display:flex;">(1,091)</div><div id="a93603_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:573.857px;top:582.9px;display:flex;">(259)</div><div id="a93606_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:619.75px;top:582.9px;display:flex;">(267)</div><div id="a93609_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:665.657px;top:582.9px;display:flex;">(564)</div><div id="a93612" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:597.4px;">1 The carrying amount<div style="display:inline-block;width:3.5px"> </div>of financial assets measured<div style="display:inline-block;width:3.64px"> </div>at amortized cost represents<div style="display:inline-block;width:3.47px"> </div>the total gross exposure<div style="display:inline-block;width:3.77px"> </div>net of the respective ECL<div style="display:inline-block;width:3.54px"> </div>allowances.</div></div> 169445000000 169402000000 44000000 0 -12000000 0 -12000000 0 14792000000 14792000000 1000000 0 -6000000 -5000000 -1000000 0 67814000000 67814000000 0 0 -2000000 -2000000 0 0 35032000000 35032000000 0 0 0 0 0 0 387220000000 370095000000 15587000000 1538000000 -783000000 -129000000 -180000000 -474000000 156930000000 147651000000 8579000000 699000000 -161000000 -27000000 -107000000 -28000000 46470000000 43112000000 3349000000 9000000 -41000000 -17000000 -23000000 0 12226000000 10733000000 1189000000 303000000 -130000000 -24000000 -14000000 -92000000 13903000000 12211000000 1342000000 351000000 -251000000 -26000000 -22000000 -203000000 132287000000 132196000000 0 91000000 -26000000 -9000000 0 -17000000 1834000000 1420000000 382000000 31000000 -36000000 -7000000 -10000000 -19000000 3272000000 3261000000 0 11000000 -96000000 -6000000 0 -90000000 53264000000 52704000000 413000000 147000000 -86000000 -17000000 -6000000 -63000000 2611000000 2357000000 128000000 126000000 -59000000 -7000000 -2000000 -51000000 727568000000 709839000000 16044000000 1685000000 -889000000 -154000000 -199000000 -537000000 2239000000 2239000000 0 0 0 0 0 0 729807000000 712078000000 16044000000 1685000000 -889000000 -154000000 -199000000 -537000000 22167000000 19805000000 2254000000 108000000 48000000 13000000 9000000 26000000 3663000000 2883000000 721000000 58000000 26000000 2000000 3000000 21000000 1337000000 1124000000 164000000 49000000 5000000 1000000 1000000 3000000 11833000000 10513000000 1320000000 0 12000000 8000000 4000000 0 2376000000 2376000000 0 1000000 1000000 0 0 1000000 2121000000 2121000000 0 0 1000000 1000000 0 0 39996000000 37531000000 2341000000 124000000 111000000 59000000 52000000 0 23611000000 21488000000 2024000000 99000000 93000000 49000000 45000000 0 3801000000 3801000000 0 0 0 0 0 0 41390000000 39521000000 1833000000 36000000 40000000 32000000 8000000 0 8711000000 8528000000 183000000 0 6000000 6000000 0 0 4578000000 4304000000 268000000 5000000 4000000 1000000 2000000 0 4723000000 4442000000 256000000 26000000 19000000 16000000 3000000 0 7855000000 7854000000 0 1000000 0 0 0 0 9390000000 8900000000 487000000 3000000 7000000 5000000 2000000 0 327000000 327000000 0 0 0 0 0 0 4696000000 4600000000 94000000 2000000 2000000 2000000 0 0 112050000000 105258000000 6522000000 270000000 201000000 106000000 69000000 26000000 -1091000000 -259000000 -267000000 -564000000 <div id="TextBlockContainer349" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:606px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a93657" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a93660" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.577px;top:0px;">31.12.21 </div><div id="a93664" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:374.63px;top:15.1px;">Carrying amount</div><div id="a93665" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:435.204px;top:15.8px;">1</div><div id="a93668" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.497px;top:15.1px;">ECL allowances </div><div id="a93670" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:28.9px;">Financial instruments measured at<div style="display:inline-block;width:3.88px"> </div>amortized cost </div><div id="a93673" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:341.057px;top:28.9px;">Total </div><div id="a93675" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:376.524px;top:28.9px;">Stage 1 </div><div id="a93677" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.484px;top:28.9px;">Stage 2 </div><div id="a93679" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:466.444px;top:28.9px;">Stage 3 </div><div id="a93682" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.11px;top:28.9px;">Total </div><div id="a93684" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.617px;top:28.9px;">Stage 1 </div><div id="a93686" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.564px;top:28.9px;">Stage 2 </div><div id="a93688" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:650.497px;top:28.9px;">Stage 3 </div><div id="a93690" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:42.6px;">Cash and balances at central banks </div><div id="a93693_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:42.6px;">192,817</div><div id="a93696_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.737px;top:42.6px;">192,817</div><div id="a93699_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:42.6px;">0</div><div id="a93702_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.137px;top:42.6px;">0</div><div id="a93706_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:538.35px;top:42.6px;">0</div><div id="a93709_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.31px;top:42.6px;">0</div><div id="a93712_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.27px;top:42.6px;">0</div><div id="a93715_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:42.6px;">0</div><div id="a93718" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:56.8px;">Loans and advances to banks </div><div id="a93721_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:56.8px;">15,480</div><div id="a93724_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:56.8px;">15,453</div><div id="a93727_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:439.457px;top:56.8px;">26</div><div id="a93730_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.137px;top:56.8px;">1</div><div id="a93734_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.15px;top:56.8px;display:flex;">(8)</div><div id="a93737_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.11px;top:56.8px;display:flex;">(7)</div><div id="a93740_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.07px;top:56.8px;display:flex;">(1)</div><div id="a93743_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:56.8px;">0</div><div id="a93746" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:71.4px;">Receivables from securities financing transactions<div style="display:inline-block;width:4.01px"> </div>measured at amortized cost </div><div id="a93749_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:71.4px;">75,012</div><div id="a93752_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:71.4px;">75,012</div><div id="a93755_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:71.4px;">0</div><div id="a93758_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.137px;top:71.4px;">0</div><div id="a93762_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.15px;top:71.4px;display:flex;">(2)</div><div id="a93765_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.11px;top:71.4px;display:flex;">(2)</div><div id="a93768_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.27px;top:71.4px;">0</div><div id="a93771_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:71.4px;">0</div><div id="a93774" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:85.6px;">Cash collateral receivables on derivative<div style="display:inline-block;width:3.86px"> </div>instruments </div><div id="a93777_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:85.6px;">30,514</div><div id="a93780_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:85.6px;">30,514</div><div id="a93783_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:85.6px;">0</div><div id="a93786_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.137px;top:85.6px;">0</div><div id="a93790_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:538.35px;top:85.6px;">0</div><div id="a93793_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.31px;top:85.6px;">0</div><div id="a93796_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.27px;top:85.6px;">0</div><div id="a93799_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:85.6px;">0</div><div id="a93802" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:99.8px;">Loans and advances to customers </div><div id="a93805_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:99.8px;">397,761</div><div id="a93808_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.737px;top:99.8px;">380,564</div><div id="a93811_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:422.43px;top:99.8px;">15,620</div><div id="a93814_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:472.11px;top:99.8px;">1,577</div><div id="a93818_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.697px;top:99.8px;display:flex;">(850)</div><div id="a93821_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.657px;top:99.8px;display:flex;">(126)</div><div id="a93824_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.604px;top:99.8px;display:flex;">(152)</div><div id="a93827_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:99.8px;display:flex;">(572)</div><div id="a93830" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:114.5px;">of which: Private clients with mortgages </div><div id="a93834_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:327.79px;top:114.5px;">152,479</div><div id="a93837_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:372.737px;top:114.5px;">143,505</div><div id="a93840_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:427.164px;top:114.5px;">8,262</div><div id="a93843_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:479.204px;top:114.5px;">711</div><div id="a93847_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:523.697px;top:114.5px;display:flex;">(132)</div><div id="a93850_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:114.5px;display:flex;">(28)</div><div id="a93853_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:618.337px;top:114.5px;display:flex;">(71)</div><div id="a93856_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.297px;top:114.5px;display:flex;">(33)</div><div id="a93859" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:128.7px;">of which: Real estate financing </div><div id="a93862_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.51px;top:128.7px;">43,945</div><div id="a93865_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:377.47px;top:128.7px;">40,463</div><div id="a93868_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:427.164px;top:128.7px;">3,472</div><div id="a93871_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:128.7px;">9</div><div id="a93875_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:128.7px;display:flex;">(60)</div><div id="a93878_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:128.7px;display:flex;">(19)</div><div id="a93881_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:618.337px;top:128.7px;display:flex;">(40)</div><div id="a93884_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:128.7px;">0</div><div id="a93887" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:142.9px;">of which: Large corporate clients </div><div id="a93890_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.51px;top:142.9px;">13,990</div><div id="a93893_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:377.47px;top:142.9px;">12,643</div><div id="a93896_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:427.164px;top:142.9px;">1,037</div><div id="a93899_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:479.204px;top:142.9px;">310</div><div id="a93903_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:523.697px;top:142.9px;display:flex;">(170)</div><div id="a93906_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:142.9px;display:flex;">(22)</div><div id="a93909_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:618.337px;top:142.9px;display:flex;">(16)</div><div id="a93912_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:658.564px;top:142.9px;display:flex;">(133)</div><div id="a93915" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:157.1px;">of which: SME clients </div><div id="a93918_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.51px;top:157.1px;">14,004</div><div id="a93921_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:377.47px;top:157.1px;">12,076</div><div id="a93924_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:427.164px;top:157.1px;">1,492</div><div id="a93927_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:479.204px;top:157.1px;">436</div><div id="a93931_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:523.697px;top:157.1px;display:flex;">(259)</div><div id="a93934_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:157.1px;display:flex;">(19)</div><div id="a93937_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:618.337px;top:157.1px;display:flex;">(15)</div><div id="a93940_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:658.564px;top:157.1px;display:flex;">(225)</div><div id="a93943" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:171.8px;">of which: Lombard </div><div id="a93946_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:327.79px;top:171.8px;">149,283</div><div id="a93949_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:372.737px;top:171.8px;">149,255</div><div id="a93952_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.217px;top:171.8px;">0</div><div id="a93955_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:484.417px;top:171.8px;">27</div><div id="a93959_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:171.8px;display:flex;">(33)</div><div id="a93962_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:171.8px;display:flex;">(6)</div><div id="a93965_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:171.8px;">0</div><div id="a93968_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.297px;top:171.8px;display:flex;">(28)</div><div id="a93971" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:185.9px;">of which: Credit cards </div><div id="a93974_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:185.9px;">1,716</div><div id="a93977_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:185.9px;">1,345</div><div id="a93980_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:185.9px;">342</div><div id="a93983_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:484.417px;top:185.9px;">29</div><div id="a93987_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:185.9px;display:flex;">(36)</div><div id="a93990_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:185.9px;display:flex;">(10)</div><div id="a93993_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:185.9px;display:flex;">(9)</div><div id="a93996_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.297px;top:185.9px;display:flex;">(17)</div><div id="a93999" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:200.1px;">of which: Commodity trade finance </div><div id="a94003_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:200.1px;">3,813</div><div id="a94006_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:200.1px;">3,799</div><div id="a94009_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.217px;top:200.1px;">7</div><div id="a94012_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:200.1px;">7</div><div id="a94016_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:523.697px;top:200.1px;display:flex;">(114)</div><div id="a94019_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:200.1px;display:flex;">(6)</div><div id="a94022_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:200.1px;">0</div><div id="a94025_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:658.564px;top:200.1px;display:flex;">(108)</div><div id="a94028" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:214.8px;">Other financial assets measured at amortized cost </div><div id="a94031_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:214.8px;">26,209</div><div id="a94034_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:214.8px;">25,718</div><div id="a94037_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:434.257px;top:214.8px;">302</div><div id="a94040_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:479.204px;top:214.8px;">189</div><div id="a94044_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.697px;top:214.8px;display:flex;">(109)</div><div id="a94047_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.377px;top:214.8px;display:flex;">(27)</div><div id="a94050_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.07px;top:214.8px;display:flex;">(7)</div><div id="a94053_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:214.8px;display:flex;">(76)</div><div id="a94056" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:229px;">of which: Loans to financial advisors </div><div id="a94059_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:229px;">2,453</div><div id="a94062_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:229px;">2,184</div><div id="a94065_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:229px;">106</div><div id="a94068_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:479.204px;top:229px;">163</div><div id="a94072_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:229px;display:flex;">(86)</div><div id="a94075_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:229px;display:flex;">(19)</div><div id="a94078_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:229px;display:flex;">(3)</div><div id="a94081_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.297px;top:229px;display:flex;">(63)</div><div id="a94084" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:243.2px;">Total financial assets<div style="display:inline-block;width:3.87px"> </div>measured at amortized cost </div><div id="a94088_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:243.2px;">737,794</div><div id="a94091_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.737px;top:243.2px;">720,079</div><div id="a94094_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:422.43px;top:243.2px;">15,948</div><div id="a94097_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:472.11px;top:243.2px;">1,767</div><div id="a94101_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.697px;top:243.2px;display:flex;">(969)</div><div id="a94104_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.657px;top:243.2px;display:flex;">(161)</div><div id="a94107_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.604px;top:243.2px;display:flex;">(160)</div><div id="a94110_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:243.2px;display:flex;">(647)</div><div id="a94113" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:257.9px;">Financial assets measured at<div style="display:inline-block;width:3.79px"> </div>fair value through other comprehensive<div style="display:inline-block;width:3.79px"> </div>income </div><div id="a94116_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:337.27px;top:257.9px;">8,844</div><div id="a94119_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:382.204px;top:257.9px;">8,844</div><div id="a94122_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:257.9px;">0</div><div id="a94125_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.137px;top:257.9px;">0</div><div id="a94129_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:538.35px;top:257.9px;">0</div><div id="a94132_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.31px;top:257.9px;">0</div><div id="a94135_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.27px;top:257.9px;">0</div><div id="a94138_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:257.9px;">0</div><div id="a94141" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:271.6px;">Total on-balance<div style="display:inline-block;width:3.77px"> </div>sheet financial assets within the scope of<div style="display:inline-block;width:3.78px"> </div>ECL requirements </div><div id="a94147_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:271.6px;">746,638</div><div id="a94150_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.737px;top:271.6px;">728,923</div><div id="a94153_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:422.43px;top:271.6px;">15,948</div><div id="a94156_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:472.11px;top:271.6px;">1,767</div><div id="a94160_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.697px;top:271.6px;display:flex;">(969)</div><div id="a94163_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.657px;top:271.6px;display:flex;">(161)</div><div id="a94166_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.604px;top:271.6px;display:flex;">(160)</div><div id="a94169_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:271.6px;display:flex;">(647)</div><div id="a94185" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:298.1px;">Total exposure </div><div id="a94188" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.39px;top:298.1px;">ECL provisions </div><div id="a94190" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:311.8px;">Off-balance sheet (within the scope<div style="display:inline-block;width:3.71px"> </div>of ECL) </div><div id="a94196" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:341.057px;top:311.8px;">Total </div><div id="a94198" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:376.524px;top:311.8px;">Stage 1 </div><div id="a94200" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.484px;top:311.8px;">Stage 2 </div><div id="a94202" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:466.444px;top:311.8px;">Stage 3 </div><div id="a94205" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.11px;top:311.8px;">Total </div><div id="a94207" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.617px;top:311.8px;">Stage 1 </div><div id="a94209" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.564px;top:311.8px;">Stage 2 </div><div id="a94211" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:650.497px;top:311.8px;">Stage 3 </div><div id="a94213" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:325.5px;">Guarantees </div><div id="a94216_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:325.5px;">20,972</div><div id="a94219_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:325.5px;">19,695</div><div id="a94222_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:427.164px;top:325.5px;">1,127</div><div id="a94225_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:479.204px;top:325.5px;">150</div><div id="a94229_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:528.417px;top:325.5px;display:flex;">(41)</div><div id="a94232_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.377px;top:325.5px;display:flex;">(18)</div><div id="a94235_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.07px;top:325.5px;display:flex;">(8)</div><div id="a94238_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:325.5px;display:flex;">(15)</div><div id="a94241" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:339.7px;">of which: Large corporate clients </div><div id="a94244_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:339.7px;">3,464</div><div id="a94247_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:339.7px;">2,567</div><div id="a94250_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:339.7px;">793</div><div id="a94253_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:479.204px;top:339.7px;">104</div><div id="a94257_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:339.7px;display:flex;">(6)</div><div id="a94260_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:339.7px;display:flex;">(3)</div><div id="a94263_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:339.7px;display:flex;">(3)</div><div id="a94266_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:339.7px;">0</div><div id="a94269" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:353.9px;">of which: SME clients </div><div id="a94272_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:353.9px;">1,353</div><div id="a94275_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:353.9px;">1,143</div><div id="a94278_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:353.9px;">164</div><div id="a94281_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:484.417px;top:353.9px;">46</div><div id="a94285_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:353.9px;display:flex;">(8)</div><div id="a94288_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:353.9px;display:flex;">(1)</div><div id="a94291_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:353.9px;display:flex;">(1)</div><div id="a94294_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.03px;top:353.9px;display:flex;">(7)</div><div id="a94297" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:368.5px;">of which: Financial intermediaries and hedge funds<div style="display:inline-block;width:3.82px"> </div></div><div id="a94300_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:368.5px;">9,575</div><div id="a94303_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:368.5px;">9,491</div><div id="a94306_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:439.457px;top:368.5px;">84</div><div id="a94309_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:368.5px;">0</div><div id="a94313_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:368.5px;display:flex;">(17)</div><div id="a94316_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:368.5px;display:flex;">(13)</div><div id="a94319_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:368.5px;display:flex;">(4)</div><div id="a94322_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:368.5px;">0</div><div id="a94325" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:382.7px;">of which: Lombard </div><div id="a94328_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:382.7px;">2,454</div><div id="a94331_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:382.7px;">2,454</div><div id="a94334_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.217px;top:382.7px;">0</div><div id="a94337_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:382.7px;">0</div><div id="a94341_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:382.7px;display:flex;">(1)</div><div id="a94344_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:382.7px;">0</div><div id="a94347_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:382.7px;">0</div><div id="a94350_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.03px;top:382.7px;display:flex;">(1)</div><div id="a94353" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:396.9px;">of which: Commodity trade finance </div><div id="a94357_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:396.9px;">3,137</div><div id="a94360_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:396.9px;">3,137</div><div id="a94363_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.217px;top:396.9px;">0</div><div id="a94366_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:396.9px;">0</div><div id="a94370_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:396.9px;display:flex;">(1)</div><div id="a94373_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:396.9px;display:flex;">(1)</div><div id="a94376_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:396.9px;">0</div><div id="a94379_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:396.9px;">0</div><div id="a94382" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:411.6px;">Irrevocable loan commitments </div><div id="a94385_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:411.6px;">39,478</div><div id="a94388_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:411.6px;">37,097</div><div id="a94391_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:427.164px;top:411.6px;">2,335</div><div id="a94394_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:484.417px;top:411.6px;">46</div><div id="a94398_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.697px;top:411.6px;display:flex;">(114)</div><div id="a94401_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.377px;top:411.6px;display:flex;">(72)</div><div id="a94404_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:618.337px;top:411.6px;display:flex;">(42)</div><div id="a94407_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:411.6px;">0</div><div id="a94410" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:425.8px;">of which: Large corporate clients </div><div id="a94413_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.51px;top:425.8px;">23,922</div><div id="a94416_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:377.47px;top:425.8px;">21,811</div><div id="a94419_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:427.164px;top:425.8px;">2,102</div><div id="a94422_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:425.8px;">9</div><div id="a94426_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:523.697px;top:425.8px;display:flex;">(100)</div><div id="a94429_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:425.8px;display:flex;">(66)</div><div id="a94432_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:618.337px;top:425.8px;display:flex;">(34)</div><div id="a94435_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:425.8px;">0</div><div id="a94438" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:440px;">Forward starting reverse repurchase<div style="display:inline-block;width:3.94px"> </div>and securities borrowing agreements </div><div id="a94442_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:337.27px;top:440px;">1,444</div><div id="a94445_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:382.204px;top:440px;">1,444</div><div id="a94448_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:440px;">0</div><div id="a94451_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.137px;top:440px;">0</div><div id="a94455_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:538.35px;top:440px;">0</div><div id="a94458_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.31px;top:440px;">0</div><div id="a94461_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.27px;top:440px;">0</div><div id="a94464_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:440px;">0</div><div id="a94467" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:454.7px;">Committed unconditionally revocable credit lines </div><div id="a94470_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:454.7px;">40,778</div><div id="a94473_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:454.7px;">38,207</div><div id="a94476_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:427.164px;top:454.7px;">2,508</div><div id="a94479_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:484.417px;top:454.7px;">63</div><div id="a94483_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:528.417px;top:454.7px;display:flex;">(38)</div><div id="a94486_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.377px;top:454.7px;display:flex;">(28)</div><div id="a94489_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:618.337px;top:454.7px;display:flex;">(10)</div><div id="a94492_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:454.7px;">0</div><div id="a94495" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:468.8px;">of which: Real estate financing </div><div id="a94498_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:468.8px;">7,328</div><div id="a94501_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:468.8px;">7,046</div><div id="a94504_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:468.8px;">281</div><div id="a94507_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:468.8px;">0</div><div id="a94511_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:468.8px;display:flex;">(5)</div><div id="a94514_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:468.8px;display:flex;">(4)</div><div id="a94517_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:468.8px;display:flex;">(1)</div><div id="a94520_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:468.8px;">0</div><div id="a94523" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:483.1px;">of which: Large corporate clients </div><div id="a94526_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:483.1px;">5,358</div><div id="a94529_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:483.1px;">4,599</div><div id="a94532_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:483.1px;">736</div><div id="a94535_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:484.417px;top:483.1px;">23</div><div id="a94539_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:483.1px;display:flex;">(7)</div><div id="a94542_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:483.1px;display:flex;">(4)</div><div id="a94545_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:483.1px;display:flex;">(3)</div><div id="a94548_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:483.1px;">0</div><div id="a94551" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:497.2px;">of which: SME clients </div><div id="a94554_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:497.2px;">5,160</div><div id="a94557_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:497.2px;">4,736</div><div id="a94560_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:497.2px;">389</div><div id="a94563_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:484.417px;top:497.2px;">35</div><div id="a94567_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:497.2px;display:flex;">(15)</div><div id="a94570_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:497.2px;display:flex;">(11)</div><div id="a94573_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:497.2px;display:flex;">(3)</div><div id="a94576_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:497.2px;">0</div><div id="a94579" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:511.9px;">of which: Lombard </div><div id="a94582_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:511.9px;">8,670</div><div id="a94585_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:511.9px;">8,670</div><div id="a94588_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.217px;top:511.9px;">0</div><div id="a94591_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:511.9px;">0</div><div id="a94595_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:538.35px;top:511.9px;">0</div><div id="a94598_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:511.9px;">0</div><div id="a94601_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:511.9px;">0</div><div id="a94604_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:511.9px;">0</div><div id="a94607" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:526.1px;">of which: Credit cards </div><div id="a94610_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:526.1px;">9,466</div><div id="a94613_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:526.1px;">9,000</div><div id="a94616_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:526.1px;">462</div><div id="a94619_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:526.1px;">4</div><div id="a94623_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:526.1px;display:flex;">(6)</div><div id="a94626_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:526.1px;display:flex;">(5)</div><div id="a94629_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:526.1px;display:flex;">(2)</div><div id="a94632_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:526.1px;">0</div><div id="a94635" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:540.3px;">of which: Commodity trade finance </div><div id="a94638_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.364px;top:540.3px;">117</div><div id="a94641_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:389.324px;top:540.3px;">117</div><div id="a94644_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.217px;top:540.3px;">0</div><div id="a94647_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:540.3px;">0</div><div id="a94651_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:538.35px;top:540.3px;">0</div><div id="a94654_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:540.3px;">0</div><div id="a94657_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:540.3px;">0</div><div id="a94660_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:540.3px;">0</div><div id="a94663" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:554.9px;">Irrevocable committed prolongation of existing loans </div><div id="a94666_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:337.27px;top:554.9px;">5,611</div><div id="a94669_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:382.204px;top:554.9px;">5,527</div><div id="a94672_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:439.457px;top:554.9px;">36</div><div id="a94675_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:484.417px;top:554.9px;">48</div><div id="a94679_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.15px;top:554.9px;display:flex;">(3)</div><div id="a94682_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.11px;top:554.9px;display:flex;">(3)</div><div id="a94685_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.27px;top:554.9px;">0</div><div id="a94688_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:554.9px;">0</div><div id="a94691" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:568.7px;">Total off-balance sheet<div style="display:inline-block;width:3.78px"> </div>financial instruments and credit lines </div><div id="a94696_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:568.7px;">108,284</div><div id="a94699_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.737px;top:568.7px;">101,971</div><div id="a94702_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:427.164px;top:568.7px;">6,006</div><div id="a94705_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:479.204px;top:568.7px;">307</div><div id="a94709_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.697px;top:568.7px;display:flex;">(196)</div><div id="a94712_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.657px;top:568.7px;display:flex;">(121)</div><div id="a94715_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:618.817px;top:568.7px;display:flex;">(60)</div><div id="a94718_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:568.7px;display:flex;">(15)</div><div id="a94721" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:582.9px;">Total allowances and<div style="display:inline-block;width:3.73px"> </div>provisions </div><div id="a94729_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:516.604px;top:582.9px;display:flex;">(1,165)</div><div id="a94732_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.657px;top:582.9px;display:flex;">(282)</div><div id="a94735_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.604px;top:582.9px;display:flex;">(220)</div><div id="a94738_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:582.9px;display:flex;">(662)</div><div id="a94741" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:597.4px;">1 The carrying amount<div style="display:inline-block;width:3.5px"> </div>of financial assets measured<div style="display:inline-block;width:3.64px"> </div>at amortized cost represents<div style="display:inline-block;width:3.47px"> </div>the total gross exposure<div style="display:inline-block;width:3.77px"> </div>net of the respective ECL<div style="display:inline-block;width:3.54px"> </div>allowances.</div></div> 192817000000 192817000000 0 0 0 0 0 0 15480000000 15453000000 26000000 1000000 -8000000 -7000000 -1000000 0 75012000000 75012000000 0 0 -2000000 -2000000 0 0 30514000000 30514000000 0 0 0 0 0 0 397761000000 380564000000 15620000000 1577000000 -850000000 -126000000 -152000000 -572000000 152479000000 143505000000 8262000000 711000000 -132000000 -28000000 -71000000 -33000000 43945000000 40463000000 3472000000 9000000 -60000000 -19000000 -40000000 0 13990000000 12643000000 1037000000 310000000 -170000000 -22000000 -16000000 -133000000 14004000000 12076000000 1492000000 436000000 -259000000 -19000000 -15000000 -225000000 149283000000 149255000000 0 27000000 -33000000 -6000000 0 -28000000 1716000000 1345000000 342000000 29000000 -36000000 -10000000 -9000000 -17000000 3813000000 3799000000 7000000 7000000 -114000000 -6000000 0 -108000000 26209000000 25718000000 302000000 189000000 -109000000 -27000000 -7000000 -76000000 2453000000 2184000000 106000000 163000000 -86000000 -19000000 -3000000 -63000000 737794000000 720079000000 15948000000 1767000000 -969000000 -161000000 -160000000 -647000000 8844000000 8844000000 0 0 0 0 0 0 746638000000 728923000000 15948000000 1767000000 -969000000 -161000000 -160000000 -647000000 20972000000 19695000000 1127000000 150000000 41000000 18000000 8000000 15000000 3464000000 2567000000 793000000 104000000 6000000 3000000 3000000 0 1353000000 1143000000 164000000 46000000 8000000 1000000 1000000 7000000 9575000000 9491000000 84000000 0 17000000 13000000 4000000 0 2454000000 2454000000 0 0 1000000 0 0 1000000 3137000000 3137000000 0 0 1000000 1000000 0 0 39478000000 37097000000 2335000000 46000000 114000000 72000000 42000000 0 23922000000 21811000000 2102000000 9000000 100000000 66000000 34000000 0 1444000000 1444000000 0 0 0 0 0 0 40778000000 38207000000 2508000000 63000000 38000000 28000000 10000000 0 7328000000 7046000000 281000000 0 5000000 4000000 1000000 0 5358000000 4599000000 736000000 23000000 7000000 4000000 3000000 0 5160000000 4736000000 389000000 35000000 15000000 11000000 3000000 0 8670000000 8670000000 0 0 0 0 0 0 9466000000 9000000000 462000000 4000000 6000000 5000000 2000000 0 117000000 117000000 0 0 0 0 0 0 5611000000 5527000000 36000000 48000000 3000000 3000000 0 0 108284000000 101971000000 6006000000 307000000 196000000 121000000 60000000 15000000 -1165000000 -282000000 -220000000 -662000000 0.0021 -0.0001 0.0010 -0.02 <div id="TextBlockContainer356" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#9A3D37;line-height:normal;width:685px;height:486px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_354_XBRL_TS_8060466a1a40494b9e5b38207ac2a1b8" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer355" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#9A3D37;line-height:normal;width:685px;height:486px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a94957" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:0px;">31.12.22 </div><div id="a94961" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:290.897px;top:13.7px;">Gross carrying amount (USD<div style="display:inline-block;width:3.82px"> </div>m) </div><div id="a94964" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:529.844px;top:13.7px;">ECL coverage (bps) </div><div id="a94966" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:27.9px;">On-balance sheet </div><div id="a94971" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:282.83px;top:27.9px;">Total </div><div id="a94973" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:325.417px;top:27.9px;">Stage 1 </div><div id="a94975" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.324px;top:27.9px;">Stage 2 </div><div id="a94977" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:415.804px;top:27.9px;">Stage 3 </div><div id="a94980" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:473.057px;top:27.9px;">Total </div><div id="a94982" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:508.564px;top:27.9px;">Stage 1 </div><div id="a94984" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.524px;top:27.9px;">Stage 2 </div><div id="a94986" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:594.657px;top:27.9px;">Stage 1&amp;2 </div><div id="a94988" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:650.497px;top:27.9px;">Stage 3 </div><div id="a94990" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:40.7px;">Private clients with mortgages </div><div id="a94993_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:269.59px;top:40.7px;">157,091</div><div id="a94996_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:321.63px;top:40.7px;">147,678</div><div id="a94999_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:40.7px;">8,686</div><div id="a95002_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:428.577px;top:40.7px;">727</div><div id="a95006_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.577px;top:40.7px;">10</div><div id="a95009_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.257px;top:40.7px;">2</div><div id="a95012_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.284px;top:40.7px;">123</div><div id="a95015_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:628.27px;top:40.7px;">9</div><div id="a95018_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.297px;top:40.7px;">381</div><div id="a95021" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:55.4px;">Real estate financing </div><div id="a95024_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:55.4px;">46,511</div><div id="a95027_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:55.4px;">43,129</div><div id="a95030_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:55.4px;">3,372</div><div id="a95033_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:438.51px;top:55.4px;">9</div><div id="a95037_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.297px;top:55.4px;">9</div><div id="a95040_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.257px;top:55.4px;">4</div><div id="a95043_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.484px;top:55.4px;">70</div><div id="a95046_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:628.27px;top:55.4px;">9</div><div id="a95049_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.297px;top:55.4px;">232</div><div id="a95052" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.166px;top:69.5px;">Total real estate lending </div><div id="a95055_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:269.59px;top:69.5px;">203,602</div><div id="a95058_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:321.63px;top:69.5px;">190,807</div><div id="a95061_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:372.27px;top:69.5px;">12,059</div><div id="a95064_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:428.577px;top:69.5px;">736</div><div id="a95068_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.577px;top:69.5px;">10</div><div id="a95071_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.257px;top:69.5px;">2</div><div id="a95074_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.284px;top:69.5px;">108</div><div id="a95077_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:628.27px;top:69.5px;">9</div><div id="a95080_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.297px;top:69.5px;">379</div><div id="a95083" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:83.7px;">Large corporate clients </div><div id="a95087_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:83.7px;">12,356</div><div id="a95090_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:83.7px;">10,757</div><div id="a95093_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:83.7px;">1,204</div><div id="a95096_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:428.577px;top:83.7px;">395</div><div id="a95100_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:476.377px;top:83.7px;">105</div><div id="a95103_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:526.537px;top:83.7px;">22</div><div id="a95106_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.284px;top:83.7px;">120</div><div id="a95109_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:623.537px;top:83.7px;">32</div><div id="a95112_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.204px;top:83.7px;">2,325</div><div id="a95115" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:98.4px;">SME clients </div><div id="a95118_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:98.4px;">14,154</div><div id="a95121_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:98.4px;">12,237</div><div id="a95124_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:98.4px;">1,364</div><div id="a95127_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:428.577px;top:98.4px;">553</div><div id="a95131_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:476.377px;top:98.4px;">177</div><div id="a95134_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:526.537px;top:98.4px;">22</div><div id="a95137_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.284px;top:98.4px;">161</div><div id="a95140_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:623.537px;top:98.4px;">36</div><div id="a95143_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.204px;top:98.4px;">3,664</div><div id="a95146" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.166px;top:112.6px;">Total corporate lending </div><div id="a95149_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:112.6px;">26,510</div><div id="a95152_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:112.6px;">22,994</div><div id="a95155_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:112.6px;">2,567</div><div id="a95158_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:428.577px;top:112.6px;">949</div><div id="a95162_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:476.377px;top:112.6px;">144</div><div id="a95165_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:526.537px;top:112.6px;">22</div><div id="a95168_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.284px;top:112.6px;">142</div><div id="a95171_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:623.537px;top:112.6px;">34</div><div id="a95174_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.204px;top:112.6px;">3,106</div><div id="a95177" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:126.8px;">Lombard </div><div id="a95180_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:269.59px;top:126.8px;">132,313</div><div id="a95183_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:321.63px;top:126.8px;">132,205</div><div id="a95186_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:394.057px;top:126.8px;">0</div><div id="a95189_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:428.577px;top:126.8px;">108</div><div id="a95193_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.297px;top:126.8px;">2</div><div id="a95196_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.257px;top:126.8px;">1</div><div id="a95199_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.217px;top:126.8px;">0</div><div id="a95202_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:628.27px;top:126.8px;">1</div><div id="a95205_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.204px;top:126.8px;">1,580</div><div id="a95208" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:141.5px;">Credit cards </div><div id="a95211_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:279.044px;top:141.5px;">1,869</div><div id="a95214_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:331.097px;top:141.5px;">1,427</div><div id="a95217_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:384.097px;top:141.5px;">393</div><div id="a95220_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:433.777px;top:141.5px;">50</div><div id="a95224_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:476.377px;top:141.5px;">190</div><div id="a95227_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:526.537px;top:141.5px;">46</div><div id="a95230_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.284px;top:141.5px;">256</div><div id="a95233_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:623.537px;top:141.5px;">91</div><div id="a95236_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.204px;top:141.5px;">3,779</div><div id="a95239" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:155.7px;">Commodity trade finance </div><div id="a95242_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:279.044px;top:155.7px;">3,367</div><div id="a95245_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:331.097px;top:155.7px;">3,266</div><div id="a95248_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:394.057px;top:155.7px;">0</div><div id="a95251_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:428.577px;top:155.7px;">101</div><div id="a95255_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:476.377px;top:155.7px;">285</div><div id="a95258_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:526.537px;top:155.7px;">18</div><div id="a95261_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.217px;top:155.7px;">0</div><div id="a95264_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:623.537px;top:155.7px;">18</div><div id="a95267_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.204px;top:155.7px;">8,901</div><div id="a95270" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:169.8px;">Other loans and advances to customers </div><div id="a95273_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:169.8px;">20,342</div><div id="a95276_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:169.8px;">19,525</div><div id="a95279_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:384.097px;top:169.8px;">748</div><div id="a95282_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:433.777px;top:169.8px;">68</div><div id="a95286_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.577px;top:169.8px;">21</div><div id="a95289_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.257px;top:169.8px;">7</div><div id="a95292_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.484px;top:169.8px;">38</div><div id="a95295_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:628.27px;top:169.8px;">8</div><div id="a95298_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.204px;top:169.8px;">3,769</div><div id="a95301" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:184.5px;">Loans to financial advisors </div><div id="a95304_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:279.044px;top:184.5px;">2,670</div><div id="a95307_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:331.097px;top:184.5px;">2,364</div><div id="a95310_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:384.097px;top:184.5px;">130</div><div id="a95313_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:428.577px;top:184.5px;">176</div><div id="a95317_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:476.377px;top:184.5px;">221</div><div id="a95320_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:526.537px;top:184.5px;">28</div><div id="a95323_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.284px;top:184.5px;">124</div><div id="a95326_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:623.537px;top:184.5px;">33</div><div id="a95329_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.204px;top:184.5px;">2,870</div><div id="a95332" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.166px;top:198.7px;">Total other lending </div><div id="a95335_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:269.59px;top:198.7px;">160,561</div><div id="a95338_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:321.63px;top:198.7px;">158,787</div><div id="a95341_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:198.7px;">1,270</div><div id="a95344_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:428.577px;top:198.7px;">503</div><div id="a95348_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.577px;top:198.7px;">16</div><div id="a95351_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.257px;top:198.7px;">3</div><div id="a95354_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.284px;top:198.7px;">114</div><div id="a95357_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:628.27px;top:198.7px;">4</div><div id="a95360_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.204px;top:198.7px;">4,016</div><div id="a95363" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:212.9px;">Total</div><div id="a95364" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:21.656px;top:213.5px;">1</div><div id="a95367_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:212.9px;">390,672</div><div id="a95370_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:212.9px;">372,588</div><div id="a95373_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.27px;top:212.9px;">15,896</div><div id="a95376_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.484px;top:212.9px;">2,188</div><div id="a95380_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.577px;top:212.9px;">22</div><div id="a95383_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.257px;top:212.9px;">4</div><div id="a95386_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.284px;top:212.9px;">114</div><div id="a95389_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.27px;top:212.9px;">8</div><div id="a95392_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.204px;top:212.9px;">2,398</div><div id="a95409" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:304.137px;top:240.3px;">Gross exposure (USD m) </div><div id="a95413" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:529.844px;top:240.3px;">ECL coverage (bps) </div><div id="a95415" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:254.5px;">Off-balance sheet </div><div id="a95420" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:282.83px;top:254.5px;">Total </div><div id="a95422" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:325.417px;top:254.5px;">Stage 1 </div><div id="a95424" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.324px;top:254.5px;">Stage 2 </div><div id="a95426" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:415.804px;top:254.5px;">Stage 3 </div><div id="a95429" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:473.057px;top:254.5px;">Total </div><div id="a95431" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:508.564px;top:254.5px;">Stage 1 </div><div id="a95433" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.524px;top:254.5px;">Stage 2 </div><div id="a95435" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:594.657px;top:254.5px;">Stage 1&amp;2 </div><div id="a95437" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:650.497px;top:254.5px;">Stage 3 </div><div id="a95439" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:267.8px;">Private clients with mortgages </div><div id="a95442_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:279.044px;top:267.8px;">6,535</div><div id="a95445_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:331.097px;top:267.8px;">6,296</div><div id="a95448_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:384.097px;top:267.8px;">236</div><div id="a95451_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:438.51px;top:267.8px;">3</div><div id="a95455_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.297px;top:267.8px;">5</div><div id="a95458_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.257px;top:267.8px;">4</div><div id="a95461_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.484px;top:267.8px;">18</div><div id="a95464_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:628.27px;top:267.8px;">4</div><div id="a95467_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.204px;top:267.8px;">1,183</div><div id="a95470" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:282px;">Real estate financing </div><div id="a95473_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:282px;">10,054</div><div id="a95476_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:331.097px;top:282px;">9,779</div><div id="a95479_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:384.097px;top:282px;">275</div><div id="a95482_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:438.51px;top:282px;">0</div><div id="a95486_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.297px;top:282px;">6</div><div id="a95489_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.257px;top:282px;">7</div><div id="a95492_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.217px;top:282px;">0</div><div id="a95495_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:628.27px;top:282px;">6</div><div id="a95498_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.23px;top:282px;">0</div><div id="a95501" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.166px;top:296.2px;">Total real estate lending </div><div id="a95504_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:296.2px;">16,589</div><div id="a95507_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:296.2px;">16,075</div><div id="a95510_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:384.097px;top:296.2px;">511</div><div id="a95513_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:438.51px;top:296.2px;">3</div><div id="a95517_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.297px;top:296.2px;">6</div><div id="a95520_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.257px;top:296.2px;">6</div><div id="a95523_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.217px;top:296.2px;">2</div><div id="a95526_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:628.27px;top:296.2px;">6</div><div id="a95529_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.204px;top:296.2px;">1,288</div><div id="a95532" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:310.8px;">Large corporate clients </div><div id="a95535_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:310.8px;">32,126</div><div id="a95538_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:310.8px;">28,950</div><div id="a95541_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:310.8px;">3,013</div><div id="a95544_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:428.577px;top:310.8px;">163</div><div id="a95548_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.577px;top:310.8px;">38</div><div id="a95551_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:526.537px;top:310.8px;">18</div><div id="a95554_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.284px;top:310.8px;">165</div><div id="a95557_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:623.537px;top:310.8px;">32</div><div id="a95560_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.204px;top:310.8px;">1,263</div><div id="a95563" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:325px;">SME clients </div><div id="a95566_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:279.044px;top:325px;">7,122</div><div id="a95569_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:331.097px;top:325px;">6,525</div><div id="a95572_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:384.097px;top:325px;">499</div><div id="a95575_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:433.777px;top:325px;">98</div><div id="a95579_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.577px;top:325px;">47</div><div id="a95582_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:526.537px;top:325px;">30</div><div id="a95585_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.284px;top:325px;">214</div><div id="a95588_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:623.537px;top:325px;">43</div><div id="a95591_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.297px;top:325px;">304</div><div id="a95594" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.166px;top:339.2px;">Total corporate lending </div><div id="a95597_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:339.2px;">39,247</div><div id="a95600_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:339.2px;">35,475</div><div id="a95603_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:339.2px;">3,513</div><div id="a95606_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:428.577px;top:339.2px;">260</div><div id="a95610_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.577px;top:339.2px;">40</div><div id="a95613_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:526.537px;top:339.2px;">20</div><div id="a95616_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.284px;top:339.2px;">172</div><div id="a95619_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:623.537px;top:339.2px;">34</div><div id="a95622_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.297px;top:339.2px;">903</div><div id="a95625" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:353.9px;">Lombard </div><div id="a95628_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:353.9px;">12,919</div><div id="a95631_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:353.9px;">12,918</div><div id="a95634_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:394.057px;top:353.9px;">0</div><div id="a95637_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:438.51px;top:353.9px;">1</div><div id="a95641_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.297px;top:353.9px;">2</div><div id="a95644_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.257px;top:353.9px;">1</div><div id="a95647_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.217px;top:353.9px;">0</div><div id="a95650_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:628.27px;top:353.9px;">1</div><div id="a95653_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.23px;top:353.9px;">0</div><div id="a95656" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:368.1px;">Credit cards </div><div id="a95659_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:279.044px;top:368.1px;">9,390</div><div id="a95662_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:331.097px;top:368.1px;">8,900</div><div id="a95665_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:384.097px;top:368.1px;">487</div><div id="a95668_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:438.51px;top:368.1px;">3</div><div id="a95672_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.297px;top:368.1px;">7</div><div id="a95675_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.257px;top:368.1px;">5</div><div id="a95678_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.484px;top:368.1px;">36</div><div id="a95681_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:628.27px;top:368.1px;">7</div><div id="a95684_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.23px;top:368.1px;">0</div><div id="a95687" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:382.3px;">Commodity trade finance </div><div id="a95690_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:279.044px;top:382.3px;">2,459</div><div id="a95693_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:331.097px;top:382.3px;">2,459</div><div id="a95696_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:394.057px;top:382.3px;">0</div><div id="a95699_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:438.51px;top:382.3px;">0</div><div id="a95703_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.297px;top:382.3px;">3</div><div id="a95706_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.257px;top:382.3px;">3</div><div id="a95709_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.217px;top:382.3px;">0</div><div id="a95712_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:628.27px;top:382.3px;">3</div><div id="a95715_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.23px;top:382.3px;">0</div><div id="a95718" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:396.9px;">Financial intermediaries and hedge funds </div><div id="a95721_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:396.9px;">15,841</div><div id="a95724_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:396.9px;">14,177</div><div id="a95727_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:396.9px;">1,664</div><div id="a95730_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:438.51px;top:396.9px;">0</div><div id="a95734_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.297px;top:396.9px;">9</div><div id="a95737_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.257px;top:396.9px;">7</div><div id="a95740_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.484px;top:396.9px;">25</div><div id="a95743_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:628.27px;top:396.9px;">9</div><div id="a95746_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.23px;top:396.9px;">0</div><div id="a95749" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:411.1px;">Other off-balance sheet commitments </div><div id="a95754_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:411.1px;">11,803</div><div id="a95757_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:411.1px;">11,454</div><div id="a95760_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:384.097px;top:411.1px;">346</div><div id="a95763_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:438.51px;top:411.1px;">3</div><div id="a95767_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.577px;top:411.1px;">11</div><div id="a95770_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.257px;top:411.1px;">8</div><div id="a95773_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.484px;top:411.1px;">68</div><div id="a95776_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:628.27px;top:411.1px;">9</div><div id="a95779_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.23px;top:411.1px;">0</div><div id="a95782" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.166px;top:425.3px;">Total other lending </div><div id="a95785_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:425.3px;">52,412</div><div id="a95788_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:425.3px;">49,907</div><div id="a95791_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:425.3px;">2,498</div><div id="a95794_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:438.51px;top:425.3px;">7</div><div id="a95798_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.297px;top:425.3px;">7</div><div id="a95801_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.257px;top:425.3px;">5</div><div id="a95804_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.484px;top:425.3px;">33</div><div id="a95807_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:628.27px;top:425.3px;">6</div><div id="a95810_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.23px;top:425.3px;">0</div><div id="a95813" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:439.5px;">Total</div><div id="a95814" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:21.656px;top:440.2px;">2</div><div id="a95817_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:439.5px;">108,249</div><div id="a95820_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:439.5px;">101,457</div><div id="a95823_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:439.5px;">6,522</div><div id="a95826_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:428.577px;top:439.5px;">270</div><div id="a95830_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.577px;top:439.5px;">19</div><div id="a95833_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:526.537px;top:439.5px;">10</div><div id="a95836_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.284px;top:439.5px;">106</div><div id="a95839_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.537px;top:439.5px;">16</div><div id="a95842_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:439.5px;">980</div><div id="a95845" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:454.2px;">Total on-<div style="display:inline-block;width:3.33px"> </div>and off-balance sheet</div><div id="a95851" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:117.684px;top:454.8px;">3</div><div id="a95854_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:454.2px;">498,921</div><div id="a95857_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:454.2px;">474,045</div><div id="a95860_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.27px;top:454.2px;">22,418</div><div id="a95863_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.484px;top:454.2px;">2,458</div><div id="a95867_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.577px;top:454.2px;">21</div><div id="a95870_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.257px;top:454.2px;">5</div><div id="a95873_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.284px;top:454.2px;">112</div><div id="a95876_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.537px;top:454.2px;">10</div><div id="a95879_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.204px;top:454.2px;">2,242</div><div id="a95882" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:467.8px;">1 Includes Loans and advances<div style="display:inline-block;width:3.85px"> </div>to customers and Loans to<div style="display:inline-block;width:3.46px"> </div>financial advisors which<div style="display:inline-block;width:3.62px"> </div>are presented on the<div style="display:inline-block;width:3.48px"> </div>balance sheet line Other<div style="display:inline-block;width:3.47px"> </div>assets measured at amortized<div style="display:inline-block;width:3.89px"> </div>cost.<div style="display:inline-block;width:8.67px"> </div>2 Excludes Forward<div style="display:inline-block;width:3.84px"> </div>starting reverse repurchase </div><div id="a95887" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:477.7px;">and securities borrowing agreements.<div style="display:inline-block;width:10.41px"> </div>3</div><div id="a95889" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:135.684px;top:477.7px;">Includes on-balance-sheet<div style="display:inline-block;width:3.52px"> </div>exposure, gross and<div style="display:inline-block;width:3.78px"> </div>off-balance-sheet exposure<div style="display:inline-block;width:3.4px"> </div>(notional) and the related<div style="display:inline-block;width:3.8px"> </div>ECL coverage ratio.</div></div></div></div> 157091000000 147678000000 8686000000 727000000 0.0010 0.0002 0.0123 0.0009 0.0381 46511000000 43129000000 3372000000 9000000 0.0009 0.0004 0.0070 0.0009 0.0232 203602000000 190807000000 12059000000 736000000 0.0010 0.0002 0.0108 0.0009 0.0379 12356000000 10757000000 1204000000 395000000 0.0105 0.0022 0.0120 0.0032 0.2325 14154000000 12237000000 1364000000 553000000 0.0177 0.0022 0.0161 0.0036 0.3664 26510000000 22994000000 2567000000 949000000 0.0144 0.0022 0.0142 0.0034 0.3106 132313000000 132205000000 0 108000000 0.0002 0.0001 0 0.0001 0.1580 1869000000 1427000000 393000000 50000000 0.0190 0.0046 0.0256 0.0091 0.3779 3367000000 3266000000 0 101000000 0.0285 0.0018 0 0.0018 0.8901 20342000000 19525000000 748000000 68000000 0.0021 0.0007 0.0038 0.0008 0.3769 2670000000 2364000000 130000000 176000000 0.0221 0.0028 0.0124 0.0033 0.2870 160561000000 158787000000 1270000000 503000000 0.0016 0.0003 0.0114 0.0004 0.4016 390672000000 372588000000 15896000000 2188000000 0.0022 0.0004 0.0114 0.0008 0.2398 6535000000 6296000000 236000000 3000000 0.0005 0.0004 0.0018 0.0004 0.1183 10054000000 9779000000 275000000 0 0.0006 0.0007 0 0.0006 0 16589000000 16075000000 511000000 3000000 0.0006 0.0006 0.0002 0.0006 0.1288 32126000000 28950000000 3013000000 163000000 0.0038 0.0018 0.0165 0.0032 0.1263 7122000000 6525000000 499000000 98000000 0.0047 0.0030 0.0214 0.0043 0.0304 39247000000 35475000000 3513000000 260000000 0.0040 0.0020 0.0172 0.0034 0.0903 12919000000 12918000000 0 1000000 0.0002 0.0001 0 0.0001 0 9390000000 8900000000 487000000 3000000 0.0007 0.0005 0.0036 0.0007 0 2459000000 2459000000 0 0 0.0003 0.0003 0 0.0003 0 15841000000 14177000000 1664000000 0 0.0009 0.0007 0.0025 0.0009 0 11803000000 11454000000 346000000 3000000 0.0011 0.0008 0.0068 0.0009 0 52412000000 49907000000 2498000000 7000000 0.0007 0.0005 0.0033 0.0006 0 108249000000 101457000000 6522000000 270000000 0.0019 0.0010 0.0106 0.0016 0.0980 498921000000 474045000000 22418000000 2458000000 0.0021 0.0005 0.0112 0.0010 0.2242 <div id="TextBlockContainer359" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:693px;height:479px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a95945" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:453.204px;top:0px;">31.12.21 </div><div id="a95949" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:291.844px;top:13.3px;">Gross carrying amount (USD<div style="display:inline-block;width:3.82px"> </div>m) </div><div id="a95952" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.99px;top:13.3px;">ECL coverage (bps) </div><div id="a95954" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:27.5px;">On-balance sheet </div><div id="a95959" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:282.83px;top:27.5px;">Total </div><div id="a95961" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:325.417px;top:27.5px;">Stage 1 </div><div id="a95963" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.324px;top:27.5px;">Stage 2 </div><div id="a95965" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:417.697px;top:27.5px;">Stage 3 </div><div id="a95968" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.844px;top:27.5px;">Total </div><div id="a95970" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.764px;top:27.5px;">Stage 1 </div><div id="a95972" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.67px;top:27.5px;">Stage 2 </div><div id="a95974" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.79px;top:27.5px;">Stage 1&amp;2 </div><div id="a95976" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:27.5px;">Stage 3 </div><div id="a95978" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:40.2px;">Private clients with mortgages </div><div id="a95981_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:40.2px;">152,610</div><div id="a95984_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:40.2px;">143,533</div><div id="a95987_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:40.2px;">8,333</div><div id="a95990_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:40.2px;">744</div><div id="a95994_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.084px;top:40.2px;">9</div><div id="a95997_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:40.2px;">2</div><div id="a96000_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:40.2px;">85</div><div id="a96003_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:40.2px;">6</div><div id="a96006_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:671.337px;top:40.2px;">446</div><div id="a96009" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:54.4px;">Real estate financing </div><div id="a96012_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:54.4px;">44,004</div><div id="a96015_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:54.4px;">40,483</div><div id="a96018_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:54.4px;">3,512</div><div id="a96021_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.67px;top:54.4px;">10</div><div id="a96025_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:54.4px;">14</div><div id="a96028_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:54.4px;">5</div><div id="a96031_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:54.4px;">114</div><div id="a96034_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:54.4px;">14</div><div id="a96037_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:671.337px;top:54.4px;">231</div><div id="a96040" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:68.6px;">Total real estate lending </div><div id="a96043_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:68.6px;">196,615</div><div id="a96046_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:68.6px;">184,016</div><div id="a96049_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.27px;top:68.6px;">11,845</div><div id="a96052_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:68.6px;">754</div><div id="a96056_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:68.6px;">10</div><div id="a96059_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:68.6px;">3</div><div id="a96062_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:68.6px;">94</div><div id="a96065_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:68.6px;">8</div><div id="a96068_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:671.337px;top:68.6px;">443</div><div id="a96071" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:82.8px;">Large corporate clients </div><div id="a96075_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:82.8px;">14,161</div><div id="a96078_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:82.8px;">12,665</div><div id="a96081_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:82.8px;">1,053</div><div id="a96084_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:82.8px;">443</div><div id="a96088_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.15px;top:82.8px;">120</div><div id="a96091_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:82.8px;">18</div><div id="a96094_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:82.8px;">148</div><div id="a96097_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:82.8px;">28</div><div id="a96100_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:82.8px;">2,997</div><div id="a96103" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:97px;">SME clients </div><div id="a96106_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:97px;">14,263</div><div id="a96109_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:97px;">12,095</div><div id="a96112_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:97px;">1,507</div><div id="a96115_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:97px;">661</div><div id="a96119_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.15px;top:97px;">182</div><div id="a96122_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:97px;">16</div><div id="a96125_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:97px;">103</div><div id="a96128_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:97px;">25</div><div id="a96131_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:97px;">3,402</div><div id="a96134" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:110.7px;">Total corporate lending </div><div id="a96137_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:110.7px;">28,424</div><div id="a96140_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:110.7px;">24,760</div><div id="a96143_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:110.7px;">2,560</div><div id="a96146_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.377px;top:110.7px;">1,104</div><div id="a96150_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.15px;top:110.7px;">151</div><div id="a96153_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:110.7px;">17</div><div id="a96156_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:110.7px;">121</div><div id="a96159_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:110.7px;">26</div><div id="a96162_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:110.7px;">3,240</div><div id="a96165" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:124.9px;">Lombard </div><div id="a96168_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:124.9px;">149,316</div><div id="a96171_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:124.9px;">149,261</div><div id="a96174_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.057px;top:124.9px;">0</div><div id="a96177_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.67px;top:124.9px;">55</div><div id="a96181_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.084px;top:124.9px;">2</div><div id="a96184_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:124.9px;">0</div><div id="a96187_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:124.9px;">0</div><div id="a96190_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:124.9px;">0</div><div id="a96193_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:124.9px;">5,026</div><div id="a96196" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:139.1px;">Credit cards </div><div id="a96199_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:279.044px;top:139.1px;">1,752</div><div id="a96202_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.097px;top:139.1px;">1,355</div><div id="a96205_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:139.1px;">351</div><div id="a96208_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.67px;top:139.1px;">46</div><div id="a96212_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.15px;top:139.1px;">204</div><div id="a96215_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:139.1px;">72</div><div id="a96218_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:139.1px;">255</div><div id="a96221_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:625.43px;top:139.1px;">109</div><div id="a96224_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:139.1px;">3,735</div><div id="a96227" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:153.3px;">Commodity trade finance </div><div id="a96230_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:279.044px;top:153.3px;">3,927</div><div id="a96233_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.097px;top:153.3px;">3,805</div><div id="a96236_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.057px;top:153.3px;">7</div><div id="a96239_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:153.3px;">115</div><div id="a96243_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.15px;top:153.3px;">290</div><div id="a96246_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:153.3px;">15</div><div id="a96249_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:153.3px;">3</div><div id="a96252_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:153.3px;">15</div><div id="a96255_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:153.3px;">9,388</div><div id="a96258" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:167.5px;">Other loans and advances to customers </div><div id="a96261_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:167.5px;">18,578</div><div id="a96264_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:167.5px;">17,493</div><div id="a96267_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:167.5px;">1,010</div><div id="a96270_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.67px;top:167.5px;">75</div><div id="a96274_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:167.5px;">25</div><div id="a96277_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:167.5px;">9</div><div id="a96280_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:167.5px;">15</div><div id="a96283_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:167.5px;">10</div><div id="a96286_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:167.5px;">3,730</div><div id="a96289" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:181.7px;">Loans to financial advisors </div><div id="a96292_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:279.044px;top:181.7px;">2,539</div><div id="a96295_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.097px;top:181.7px;">2,203</div><div id="a96298_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:181.7px;">109</div><div id="a96301_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:181.7px;">226</div><div id="a96305_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.15px;top:181.7px;">338</div><div id="a96308_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:181.7px;">88</div><div id="a96311_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:181.7px;">303</div><div id="a96314_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:181.7px;">99</div><div id="a96317_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:181.7px;">2,791</div><div id="a96320" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:195.9px;">Total other lending </div><div id="a96323_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:195.9px;">176,111</div><div id="a96326_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:195.9px;">174,117</div><div id="a96329_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:195.9px;">1,477</div><div id="a96332_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:195.9px;">517</div><div id="a96336_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:195.9px;">18</div><div id="a96339_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:195.9px;">3</div><div id="a96342_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:195.9px;">93</div><div id="a96345_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:195.9px;">4</div><div id="a96348_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:195.9px;">4,718</div><div id="a96351" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:210.1px;">Total</div><div id="a96352" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:21.656px;top:210.7px;">1</div><div id="a96355_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:210.1px;">401,150</div><div id="a96358_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:210.1px;">382,893</div><div id="a96361_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.27px;top:210.1px;">15,882</div><div id="a96364_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.377px;top:210.1px;">2,374</div><div id="a96368_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:210.1px;">23</div><div id="a96371_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:210.1px;">4</div><div id="a96374_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:210.1px;">98</div><div id="a96377_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:210.1px;">8</div><div id="a96380_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:210.1px;">2,673</div><div id="a96397" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:305.084px;top:236.1px;">Gross exposure (USD m) </div><div id="a96401" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.99px;top:236.1px;">ECL coverage (bps) </div><div id="a96403" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:250.3px;">Off-balance sheet </div><div id="a96408" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:282.83px;top:250.3px;">Total </div><div id="a96410" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:325.417px;top:250.3px;">Stage 1 </div><div id="a96412" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.324px;top:250.3px;">Stage 2 </div><div id="a96414" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:417.697px;top:250.3px;">Stage 3 </div><div id="a96417" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.844px;top:250.3px;">Total </div><div id="a96419" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.764px;top:250.3px;">Stage 1 </div><div id="a96421" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.67px;top:250.3px;">Stage 2 </div><div id="a96423" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.79px;top:250.3px;">Stage 1&amp;2 </div><div id="a96425" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:250.3px;">Stage 3 </div><div id="a96427" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:263.1px;">Private clients with mortgages </div><div id="a96430_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:279.044px;top:263.1px;">9,123</div><div id="a96433_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.097px;top:263.1px;">8,798</div><div id="a96436_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:263.1px;">276</div><div id="a96439_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.67px;top:263.1px;">49</div><div id="a96443_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.084px;top:263.1px;">3</div><div id="a96446_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:263.1px;">3</div><div id="a96449_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:263.1px;">9</div><div id="a96452_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:263.1px;">3</div><div id="a96455_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:676.537px;top:263.1px;">15</div><div id="a96458" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:277.3px;">Real estate financing </div><div id="a96461_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:279.044px;top:277.3px;">8,766</div><div id="a96464_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.097px;top:277.3px;">8,481</div><div id="a96467_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:277.3px;">285</div><div id="a96470_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.404px;top:277.3px;">0</div><div id="a96474_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.084px;top:277.3px;">9</div><div id="a96477_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:277.3px;">7</div><div id="a96480_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:277.3px;">88</div><div id="a96483_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:277.3px;">9</div><div id="a96486_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:681.27px;top:277.3px;">0</div><div id="a96489" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:291.4px;">Total real estate lending </div><div id="a96492_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:291.4px;">17,889</div><div id="a96495_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:291.4px;">17,278</div><div id="a96498_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:291.4px;">562</div><div id="a96501_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.67px;top:291.4px;">49</div><div id="a96505_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.084px;top:291.4px;">6</div><div id="a96508_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:291.4px;">5</div><div id="a96511_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:291.4px;">49</div><div id="a96514_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:291.4px;">6</div><div id="a96517_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:676.537px;top:291.4px;">15</div><div id="a96520" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:305.6px;">Large corporate clients </div><div id="a96523_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:305.6px;">32,748</div><div id="a96526_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:305.6px;">28,981</div><div id="a96529_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:305.6px;">3,630</div><div id="a96532_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:305.6px;">136</div><div id="a96536_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:305.6px;">34</div><div id="a96539_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:305.6px;">25</div><div id="a96542_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:305.6px;">110</div><div id="a96545_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:305.6px;">35</div><div id="a96548_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:681.27px;top:305.6px;">1</div><div id="a96551" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:319.3px;">SME clients </div><div id="a96554_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:279.044px;top:319.3px;">8,077</div><div id="a96557_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.097px;top:319.3px;">7,276</div><div id="a96560_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:319.3px;">688</div><div id="a96563_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:319.3px;">114</div><div id="a96567_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:319.3px;">38</div><div id="a96570_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:319.3px;">19</div><div id="a96573_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:319.3px;">151</div><div id="a96576_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:319.3px;">30</div><div id="a96579_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:671.337px;top:319.3px;">585</div><div id="a96582" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:333.6px;">Total corporate lending </div><div id="a96585_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:333.6px;">40,826</div><div id="a96588_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:333.6px;">36,258</div><div id="a96591_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:333.6px;">4,318</div><div id="a96594_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:333.6px;">250</div><div id="a96598_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:333.6px;">35</div><div id="a96601_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:333.6px;">24</div><div id="a96604_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:333.6px;">117</div><div id="a96607_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:333.6px;">34</div><div id="a96610_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:671.337px;top:333.6px;">266</div><div id="a96613" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:347.7px;">Lombard </div><div id="a96616_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:347.7px;">14,438</div><div id="a96619_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:347.7px;">14,438</div><div id="a96622_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.057px;top:347.7px;">0</div><div id="a96625_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.404px;top:347.7px;">0</div><div id="a96629_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.084px;top:347.7px;">1</div><div id="a96632_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:347.7px;">0</div><div id="a96635_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:347.7px;">0</div><div id="a96638_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:347.7px;">0</div><div id="a96641_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:681.27px;top:347.7px;">0</div><div id="a96644" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:361.9px;">Credit cards </div><div id="a96647_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:279.044px;top:361.9px;">9,466</div><div id="a96650_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.097px;top:361.9px;">9,000</div><div id="a96653_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:361.9px;">462</div><div id="a96656_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.404px;top:361.9px;">4</div><div id="a96660_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.084px;top:361.9px;">7</div><div id="a96663_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:361.9px;">5</div><div id="a96666_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:361.9px;">34</div><div id="a96669_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:361.9px;">7</div><div id="a96672_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:681.27px;top:361.9px;">0</div><div id="a96675" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:376.1px;">Commodity trade finance </div><div id="a96678_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:279.044px;top:376.1px;">3,262</div><div id="a96681_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.097px;top:376.1px;">3,262</div><div id="a96684_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.057px;top:376.1px;">0</div><div id="a96687_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.404px;top:376.1px;">0</div><div id="a96691_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.084px;top:376.1px;">4</div><div id="a96694_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:376.1px;">4</div><div id="a96697_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:376.1px;">0</div><div id="a96700_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:376.1px;">4</div><div id="a96703_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:681.27px;top:376.1px;">0</div><div id="a96706" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:390.3px;">Financial intermediaries and hedge funds </div><div id="a96709_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:390.3px;">12,153</div><div id="a96712_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:390.3px;">11,784</div><div id="a96715_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:390.3px;">369</div><div id="a96718_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.404px;top:390.3px;">0</div><div id="a96722_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:390.3px;">15</div><div id="a96725_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:390.3px;">12</div><div id="a96728_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:390.3px;">120</div><div id="a96731_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:390.3px;">15</div><div id="a96734_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:681.27px;top:390.3px;">0</div><div id="a96737" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:404.5px;">Other off-balance sheet commitments </div><div id="a96742_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:279.044px;top:404.5px;">8,806</div><div id="a96745_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.097px;top:404.5px;">8,507</div><div id="a96748_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:404.5px;">296</div><div id="a96751_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.404px;top:404.5px;">4</div><div id="a96755_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:404.5px;">15</div><div id="a96758_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:404.5px;">6</div><div id="a96761_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:404.5px;">30</div><div id="a96764_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:404.5px;">7</div><div id="a96767_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:681.27px;top:404.5px;">0</div><div id="a96770" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:418.7px;">Total other lending </div><div id="a96773_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:418.7px;">48,126</div><div id="a96776_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:418.7px;">46,991</div><div id="a96779_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:418.7px;">1,127</div><div id="a96782_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.404px;top:418.7px;">8</div><div id="a96786_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.084px;top:418.7px;">9</div><div id="a96789_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:418.7px;">5</div><div id="a96792_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:418.7px;">61</div><div id="a96795_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:418.7px;">7</div><div id="a96798_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:681.27px;top:418.7px;">0</div><div id="a96801" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:432.9px;">Total</div><div id="a96802" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:21.656px;top:433.5px;">2</div><div id="a96805_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:432.9px;">106,840</div><div id="a96808_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:432.9px;">100,527</div><div id="a96811_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:432.9px;">6,006</div><div id="a96814_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:432.9px;">307</div><div id="a96818_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:432.9px;">18</div><div id="a96821_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:432.9px;">12</div><div id="a96824_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:432.9px;">100</div><div id="a96827_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:432.9px;">17</div><div id="a96830_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:671.337px;top:432.9px;">486</div><div id="a96833" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:446.6px;">Total on-<div style="display:inline-block;width:3.33px"> </div>and off-balance sheet</div><div id="a96839" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:117.684px;top:447.3px;">3</div><div id="a96842_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:446.6px;">507,990</div><div id="a96845_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:446.6px;">483,420</div><div id="a96848_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.27px;top:446.6px;">21,888</div><div id="a96851_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.377px;top:446.6px;">2,681</div><div id="a96855_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:446.6px;">22</div><div id="a96858_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:446.6px;">6</div><div id="a96861_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:446.6px;">99</div><div id="a96864_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:446.6px;">10</div><div id="a96867_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:446.6px;">2,423</div><div id="a96870" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:460.2px;">1 Includes Loans<div style="display:inline-block;width:3.48px"> </div>and advances to<div style="display:inline-block;width:3.98px"> </div>customers and Loans<div style="display:inline-block;width:4.09px"> </div>to financial<div style="display:inline-block;width:3.47px"> </div>advisors which are<div style="display:inline-block;width:3.78px"> </div>presented on the<div style="display:inline-block;width:3.95px"> </div>balance sheet line<div style="display:inline-block;width:3.96px"> </div>Other assets measured<div style="display:inline-block;width:3.94px"> </div>at amortized<div style="display:inline-block;width:3.4px"> </div>cost.<div style="display:inline-block;width:9.61px"> </div>2 Excludes Forward<div style="display:inline-block;width:4.31px"> </div>starting reverse<div style="display:inline-block;width:3.62px"> </div>repurchase </div><div id="a96875" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:470.6px;">and securities borrowing agreements.<div style="display:inline-block;width:10.41px"> </div>3 Includes on-balance-sheet<div style="display:inline-block;width:3.63px"> </div>exposure, gross and<div style="display:inline-block;width:3.78px"> </div>off-balance-sheet exposure<div style="display:inline-block;width:3.39px"> </div>(notional) and the related<div style="display:inline-block;width:3.8px"> </div>ECL coverage ratio.</div></div> 152610000000 143533000000 8333000000 744000000 0.0009 0.0002 0.0085 0.0006 0.0446 44004000000 40483000000 3512000000 10000000 0.0014 0.0005 0.0114 0.0014 0.0231 196615000000 184016000000 11845000000 754000000 0.0010 0.0003 0.0094 0.0008 0.0443 14161000000 12665000000 1053000000 443000000 0.0120 0.0018 0.0148 0.0028 0.2997 14263000000 12095000000 1507000000 661000000 0.0182 0.0016 0.0103 0.0025 0.3402 28424000000 24760000000 2560000000 1104000000 0.0151 0.0017 0.0121 0.0026 0.3240 149316000000 149261000000 0 55000000 0.0002 0 0 0 0.5026 1752000000 1355000000 351000000 46000000 0.0204 0.0072 0.0255 0.0109 0.3735 3927000000 3805000000 7000000 115000000 0.0290 0.0015 0.0003 0.0015 0.9388 18578000000 17493000000 1010000000 75000000 0.0025 0.0009 0.0015 0.0010 0.3730 2539000000 2203000000 109000000 226000000 0.0338 0.0088 0.0303 0.0099 0.2791 176111000000 174117000000 1477000000 517000000 0.0018 0.0003 0.0093 0.0004 0.4718 401150000000 382893000000 15882000000 2374000000 0.0023 0.0004 0.0098 0.0008 0.2673 9123000000 8798000000 276000000 49000000 0.0003 0.0003 0.0009 0.0003 0.0015 8766000000 8481000000 285000000 0 0.0009 0.0007 0.0088 0.0009 0 17889000000 17278000000 562000000 49000000 0.0006 0.0005 0.0049 0.0006 0.0015 32748000000 28981000000 3630000000 136000000 0.0034 0.0025 0.0110 0.0035 0.0001 8077000000 7276000000 688000000 114000000 0.0038 0.0019 0.0151 0.0030 0.0585 40826000000 36258000000 4318000000 250000000 0.0035 0.0024 0.0117 0.0034 0.0266 14438000000 14438000000 0 0 0.0001 0 0 0 0 9466000000 9000000000 462000000 4000000 0.0007 0.0005 0.0034 0.0007 0 3262000000 3262000000 0 0 0.0004 0.0004 0 0.0004 0 12153000000 11784000000 369000000 0 0.0015 0.0012 0.0120 0.0015 0 8806000000 8507000000 296000000 4000000 0.0015 0.0006 0.0030 0.0007 0 48126000000 46991000000 1127000000 8000000 0.0009 0.0005 0.0061 0.0007 0 106840000000 100527000000 6006000000 307000000 0.0018 0.0012 0.0100 0.0017 0.0486 507990000000 483420000000 21888000000 2681000000 0.0022 0.0006 0.0099 0.0010 0.2423 <div id="TextBlockContainer362" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:336px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a96892" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 10<div style="display:inline-block;width:8.21px"> </div>Derivative instruments </div><div id="a96897" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#E60000;left:4.905px;top:26.9px;">Overview </div><div id="a96900" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:49.5px;">Over-the-counter (OTC) derivative contracts are<div style="display:inline-block;width:5.12px"> </div>usually traded under<div style="display:inline-block;width:5.06px"> </div>a standardized International Swaps and<div style="display:inline-block;width:5.24px"> </div>Derivatives </div><div id="a96907" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:65.1px;">Association (ISDA)<div style="display:inline-block;width:5.54px"> </div>master agreement or<div style="display:inline-block;width:5.23px"> </div>other recognized<div style="display:inline-block;width:5.32px"> </div>local industry-standard<div style="display:inline-block;width:5.83px"> </div>master agreements between<div style="display:inline-block;width:5.59px"> </div>UBS and </div><div id="a96910" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:80.3px;">its counterparties. Terms are negotiat<div style="display:inline-block;width:1.4px"> </div>ed directly with counterparties and the contracts have industry-standard settlement </div><div id="a96914" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:95.9px;">mechanisms prescribed by ISDA or similar<div style="display:inline-block;width:1.79px"> </div>industry-standard solutions. Other OTC derivatives are cleared through clearing </div><div id="a96917" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:111px;">houses, in particular interest rate swaps with LCH, where a settled-to-market method has been generally adopted, under </div><div id="a96926" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:126.6px;">which<div style="display:inline-block;width:5.88px"> </div>cash<div style="display:inline-block;width:5.72px"> </div>collateral<div style="display:inline-block;width:6px"> </div>exchanged<div style="display:inline-block;width:6.55px"> </div>on<div style="display:inline-block;width:6.08px"> </div>a<div style="display:inline-block;width:5.67px"> </div>daily<div style="display:inline-block;width:5.94px"> </div>basis<div style="display:inline-block;width:6.34px"> </div>is<div style="display:inline-block;width:5.62px"> </div>considered<div style="display:inline-block;width:6.79px"> </div>to<div style="display:inline-block;width:5.72px"> </div>legally<div style="display:inline-block;width:5.83px"> </div>settle<div style="display:inline-block;width:6.26px"> </div>the<div style="display:inline-block;width:6.2px"> </div>market<div style="display:inline-block;width:6.16px"> </div>value<div style="display:inline-block;width:5.57px"> </div>of<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:5.72px"> </div>derivatives. </div><div id="a96927" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:141.8px;">Regulators<div style="display:inline-block;width:6.12px"> </div>in<div style="display:inline-block;width:5.77px"> </div>various<div style="display:inline-block;width:5.67px"> </div>jurisdictions<div style="display:inline-block;width:5.66px"> </div>have<div style="display:inline-block;width:5.67px"> </div>introduced<div style="display:inline-block;width:6.31px"> </div>rules<div style="display:inline-block;width:5.2px"> </div>requiring<div style="display:inline-block;width:6.21px"> </div>the<div style="display:inline-block;width:5.5px"> </div>payment<div style="display:inline-block;width:5.57px"> </div>and<div style="display:inline-block;width:6.08px"> </div>collection<div style="display:inline-block;width:5.41px"> </div>of<div style="display:inline-block;width:5.72px"> </div>initial<div style="display:inline-block;width:5.31px"> </div>and<div style="display:inline-block;width:6.08px"> </div>variation </div><div id="a96929" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:156.9px;">margins on certain OTC derivative contracts,<div style="display:inline-block;width:5.26px"> </div>which may have a bearing on<div style="display:inline-block;width:5.38px"> </div>price and other relevant terms<div style="display:inline-block;width:1.37px"> </div>. </div><div id="a96932" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:180.1px;">Exchange-traded derivatives (ETD) are<div style="display:inline-block;width:5.09px"> </div>standardized in terms of their amounts<div style="display:inline-block;width:5.14px"> </div>and settlement dates, and are<div style="display:inline-block;width:5.06px"> </div>bought and </div><div id="a96938" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:195.2px;">sold<div style="display:inline-block;width:6.02px"> </div>on<div style="display:inline-block;width:6.08px"> </div>regulated<div style="display:inline-block;width:6.11px"> </div>exchanges.<div style="display:inline-block;width:6.03px"> </div>Exchanges<div style="display:inline-block;width:5.93px"> </div>offer<div style="display:inline-block;width:5.66px"> </div>the<div style="display:inline-block;width:5.72px"> </div>benefits<div style="display:inline-block;width:6.19px"> </div>of<div style="display:inline-block;width:5.72px"> </div>pricing<div style="display:inline-block;width:6.19px"> </div>transparency,<div style="display:inline-block;width:6.55px"> </div>standardized<div style="display:inline-block;width:6.16px"> </div>daily<div style="display:inline-block;width:5.47px"> </div>settlement<div style="display:inline-block;width:6.15px"> </div>of </div><div id="a96939" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:210.4px;">changes in value and,<div style="display:inline-block;width:5.05px"> </div>consequently, reduced credit risk. </div><div id="a96941" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:233.5px;">Most<div style="display:inline-block;width:6.77px"> </div>of<div style="display:inline-block;width:6.67px"> </div>the<div style="display:inline-block;width:6.67px"> </div>Group’s<div style="display:inline-block;width:7.36px"> </div>derivative<div style="display:inline-block;width:6.38px"> </div>transactions<div style="display:inline-block;width:7.03px"> </div>relate<div style="display:inline-block;width:6.45px"> </div>to<div style="display:inline-block;width:6.67px"> </div>sales<div style="display:inline-block;width:6.61px"> </div>and<div style="display:inline-block;width:7.03px"> </div>market-making<div style="display:inline-block;width:7.26px"> </div>activity.<div style="display:inline-block;width:6.82px"> </div>Sales<div style="display:inline-block;width:7.04px"> </div>activities<div style="display:inline-block;width:6.59px"> </div>include<div style="display:inline-block;width:7.29px"> </div>the </div><div id="a96945" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:248.7px;">structuring and marketing of derivative products to customers to enable<div style="display:inline-block;width:5.06px"> </div>them to take, transfer, modify or reduce current </div><div id="a96946" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:263.8px;">or expected<div style="display:inline-block;width:6.15px"> </div>risks. Market-<div style="display:inline-block;width:1.62px"> </div>making aims<div style="display:inline-block;width:6.19px"> </div>to directly<div style="display:inline-block;width:5.82px"> </div>support<div style="display:inline-block;width:5.28px"> </div>the facilitation<div style="display:inline-block;width:6.57px"> </div>and<div style="display:inline-block;width:5.13px"> </div>execution<div style="display:inline-block;width:5.34px"> </div>of client<div style="display:inline-block;width:5.47px"> </div>activity,<div style="display:inline-block;width:5.4px"> </div>and<div style="display:inline-block;width:5.13px"> </div>involves </div><div id="a96950" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:279px;">quoting<div style="display:inline-block;width:5.96px"> </div>bid<div style="display:inline-block;width:5.5px"> </div>and<div style="display:inline-block;width:5.13px"> </div>offer<div style="display:inline-block;width:5.18px"> </div>prices to<div style="display:inline-block;width:6.56px"> </div>other<div style="display:inline-block;width:5.3px"> </div>market<div style="display:inline-block;width:5.21px"> </div>participants<div style="display:inline-block;width:5.93px"> </div>with<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>aim<div style="display:inline-block;width:5.42px"> </div>of<div style="display:inline-block;width:5.25px"> </div>generating<div style="display:inline-block;width:6.55px"> </div>revenues<div style="display:inline-block;width:5.54px"> </div>based<div style="display:inline-block;width:5.66px"> </div>on<div style="display:inline-block;width:5.13px"> </div>spread<div style="display:inline-block;width:5.74px"> </div>and </div><div id="a96951" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:294.6px;">volume. The Group also<div style="display:inline-block;width:5.08px"> </div>uses various derivative instruments for hedging<div style="display:inline-block;width:5.62px"> </div>purposes. </div><div id="a96953" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:306.3px;">›</div><div id="a96954" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:306.5px;"> </div><div id="a96955" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:311.1px;">Refer to Notes 15<div style="display:inline-block;width:1.5px"> </div>and 20<div style="display:inline-block;width:2.46px"> </div>for more information<div style="display:inline-block;width:1.14px"> </div>about derivative<div style="display:inline-block;width:1.43px"> </div>instruments </div><div id="a96967" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:320.9px;">›</div><div id="a96968" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:321.1px;"> </div><div id="a96969" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:325.8px;">Refer to Note 25<div style="display:inline-block;width:1.6px"> </div>for more information<div style="display:inline-block;width:1.12px"> </div>about derivatives<div style="display:inline-block;width:1.33px"> </div>designated in<div style="display:inline-block;width:1.64px"> </div>hedge accounting<div style="display:inline-block;width:1.46px"> </div>relationships</div></div><div id="TextBlockContainer364" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:225px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a97018" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Risks of derivative<div style="display:inline-block;width:5.18px"> </div>instruments </div><div id="a97023" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23px;">The<div style="display:inline-block;width:6.35px"> </div>derivative<div style="display:inline-block;width:5.97px"> </div>financial<div style="display:inline-block;width:6.36px"> </div>assets<div style="display:inline-block;width:6.14px"> </div>shown<div style="display:inline-block;width:6.91px"> </div>on<div style="display:inline-block;width:6.55px"> </div>the<div style="display:inline-block;width:6.2px"> </div>balance<div style="display:inline-block;width:6.25px"> </div>sheet<div style="display:inline-block;width:6.25px"> </div>can<div style="display:inline-block;width:6.15px"> </div>be<div style="display:inline-block;width:6.35px"> </div>an<div style="display:inline-block;width:6.35px"> </div>important<div style="display:inline-block;width:6.04px"> </div>component<div style="display:inline-block;width:6.65px"> </div>of<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:6.2px"> </div>Group’s<div style="display:inline-block;width:6.42px"> </div>credit </div><div id="a97025" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.7px;">exposure; however, the positive replacement values related to<div style="display:inline-block;width:5.05px"> </div>a respective counterparty are rarely an adequate reflection </div><div id="a97026" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">of the<div style="display:inline-block;width:5.88px"> </div>Group’s credit<div style="display:inline-block;width:5.88px"> </div>exposure in<div style="display:inline-block;width:5.94px"> </div>its derivatives<div style="display:inline-block;width:5.03px"> </div>business<div style="display:inline-block;width:5.38px"> </div>with that<div style="display:inline-block;width:5.72px"> </div>counterparty. This<div style="display:inline-block;width:5.62px"> </div>is generally<div style="display:inline-block;width:5.56px"> </div>the case<div style="display:inline-block;width:5.68px"> </div>because,<div style="display:inline-block;width:5.08px"> </div>on </div><div id="a97028" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:68.9px;">the one hand, replacement values can increase over time (potential future exposure), while, on the other hand,<div style="display:inline-block;width:5.18px"> </div>exposure </div><div id="a97029" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:84.5px;">may be mitigated<div style="display:inline-block;width:5.94px"> </div>by entering<div style="display:inline-block;width:5.03px"> </div>into master<div style="display:inline-block;width:5.04px"> </div>netting agreements<div style="display:inline-block;width:5.93px"> </div>and bilateral<div style="display:inline-block;width:5.29px"> </div>collateral<div style="display:inline-block;width:5.06px"> </div>arrangements. Both<div style="display:inline-block;width:5.43px"> </div>the exposure </div><div id="a97031" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.7px;">measures used<div style="display:inline-block;width:5.52px"> </div>internally by<div style="display:inline-block;width:5.12px"> </div>the Group<div style="display:inline-block;width:5.47px"> </div>to control<div style="display:inline-block;width:5.12px"> </div>credit risk and<div style="display:inline-block;width:5.91px"> </div>the capital requirements<div style="display:inline-block;width:6.46px"> </div>imposed by<div style="display:inline-block;width:5.58px"> </div>regulators reflect </div><div id="a97033" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:115.3px;">these additional factors. </div><div id="a97035" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:127px;">›</div><div id="a97036" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:127.2px;"> </div><div id="a97037" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:131.9px;">Refer to Note 21<div style="display:inline-block;width:1.6px"> </div>for more information<div style="display:inline-block;width:1.18px"> </div>about derivative<div style="display:inline-block;width:1.48px"> </div>financial assets<div style="display:inline-block;width:1.63px"> </div>and liabilities<div style="display:inline-block;width:1.22px"> </div>after consideration<div style="display:inline-block;width:1.54px"> </div>of netting potential </div><div id="a97045" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:146.5px;">permitted under<div style="display:inline-block;width:1.62px"> </div>enforceable netting<div style="display:inline-block;width:1.41px"> </div>arrangements </div><div id="a97049" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:156.3px;">›</div><div id="a97050" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:156.5px;"> </div><div id="a97051" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:161.2px;">Refer to the “Risk<div style="display:inline-block;width:1.42px"> </div>management and<div style="display:inline-block;width:1.21px"> </div>control” section of<div style="display:inline-block;width:1.55px"> </div>this report for more information<div style="display:inline-block;width:0.53px"> </div>about the risks<div style="display:inline-block;width:1.41px"> </div>arising from derivative </div><div id="a97056" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:175.9px;">instruments </div><div id="a97058" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:189.1px;"> </div><div id="a97059" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:4.905px;top:212px;">Derivative instruments</div></div><div id="TextBlockContainer368" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:630px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_366_XBRL_TS_30e572f4fac34c1dbf90749e88e1fd8c" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer367" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:630px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a97064" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:285.697px;top:0px;">31.12.22 </div><div id="a97067" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:539.777px;top:0px;">31.12.21 </div><div id="a97069" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.181px;top:72.4px;">USD bn </div><div id="a97072" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:186.79px;top:49.2px;">Derivative </div><div id="a97074" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.004px;top:61px;">financial </div><div id="a97076" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:200.51px;top:72.4px;">assets </div><div id="a97078" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:241.217px;top:14.2px;">Notional </div><div id="a97079" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:240.737px;top:25.6px;">amounts </div><div id="a97081" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:236.95px;top:37.4px;">related to </div><div id="a97082" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:237.43px;top:49.2px;">derivative </div><div id="a97084" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:241.684px;top:61px;">financial </div><div id="a97085" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:243.097px;top:72.4px;">assets</div><div id="a97086" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:265.324px;top:73px;">2,3</div><div id="a97088" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:286.644px;top:49.2px;">Derivative </div><div id="a97090" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:291.844px;top:61px;">financial </div><div id="a97092" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:290.43px;top:72.4px;">liabilities </div><div id="a97094" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:341.524px;top:14.2px;">Notional </div><div id="a97095" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:341.057px;top:25.6px;">amounts </div><div id="a97097" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:337.27px;top:37.4px;">related to </div><div id="a97098" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:337.75px;top:49.2px;">derivative </div><div id="a97100" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:342.004px;top:61px;">financial </div><div id="a97101" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:333.457px;top:72.4px;">liabilities</div><div id="a97102" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:365.644px;top:73px;">2,3</div><div id="a97104" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:402.097px;top:49.2px;">Other </div><div id="a97105" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:393.11px;top:61px;">notional </div><div id="a97106" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:72.4px;">amounts</div><div id="a97107" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:415.804px;top:73px;">2,4</div><div id="a97110" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:436.137px;top:49.2px;">Derivative </div><div id="a97112" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:441.377px;top:61px;">financial </div><div id="a97114" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:449.884px;top:72.4px;">assets </div><div id="a97116" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:491.03px;top:14.2px;">Notional </div><div id="a97117" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:490.084px;top:25.6px;">amounts </div><div id="a97119" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.777px;top:37.4px;">related to </div><div id="a97120" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.777px;top:49.2px;">derivative </div><div id="a97122" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:491.51px;top:61px;">financial </div><div id="a97123" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:492.457px;top:72.4px;">assets</div><div id="a97124" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:514.23px;top:73px;">2,3</div><div id="a97126" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:537.404px;top:49.2px;">Derivative </div><div id="a97128" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:542.604px;top:61px;">financial </div><div id="a97130" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:541.67px;top:72.4px;">liabilities </div><div id="a97132" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:595.137px;top:14.2px;">Notional </div><div id="a97133" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:594.19px;top:25.6px;">amounts </div><div id="a97135" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:590.884px;top:37.4px;">related to </div><div id="a97136" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:590.884px;top:49.2px;">derivative </div><div id="a97138" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:595.604px;top:61px;">financial </div><div id="a97139" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:586.617px;top:72.4px;">liabilities</div><div id="a97140" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:618.337px;top:73px;">2,3</div><div id="a97142" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:658.564px;top:49.2px;">Other </div><div id="a97143" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:649.55px;top:61px;">notional </div><div id="a97144" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:640.564px;top:72.4px;">amounts</div><div id="a97145" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:671.804px;top:73px;">2,4</div><div id="a97147" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:86.6px;">Interest rate contracts </div><div id="a97150_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:205.71px;top:86.6px;">39.8</div><div id="a97153_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:243.577px;top:86.6px;">1,057.4</div><div id="a97156_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:305.564px;top:86.6px;">37.5</div><div id="a97159_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:343.897px;top:86.6px;">1,022.9</div><div id="a97162_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.324px;top:86.6px;">11,255.4</div><div id="a97166_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:455.097px;top:86.6px;">33.2</div><div id="a97169_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:500.044px;top:86.6px;">991.2</div><div id="a97172_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:556.35px;top:86.6px;">28.7</div><div id="a97175_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:604.15px;top:86.6px;">943.1</div><div id="a97178_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:650.497px;top:86.6px;">8,675.1</div><div id="a97181" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:101.7px;">of which: forwards (OTC)</div><div id="a97182" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;color:#000000;left:102.55px;top:102.4px;">1</div><div id="a97185_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:210.444px;top:102.7px;">0.2</div><div id="a97188_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:255.404px;top:102.7px;">37.7</div><div id="a97191_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:310.284px;top:102.7px;">0.0</div><div id="a97194_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:355.724px;top:102.7px;">34.6</div><div id="a97197_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:401.15px;top:102.7px;">792.7</div><div id="a97201_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:460.297px;top:102.7px;">0.1</div><div id="a97204_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:504.777px;top:102.7px;">29.4</div><div id="a97207_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:561.564px;top:102.7px;">0.2</div><div id="a97210_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:608.884px;top:102.7px;">28.6</div><div id="a97213_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:657.617px;top:102.7px;">443.6</div><div id="a97216" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:116.4px;">of which: swaps (OTC) </div><div id="a97220_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:205.71px;top:116.9px;">25.2</div><div id="a97223_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:250.67px;top:116.9px;">326.1</div><div id="a97226_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:305.564px;top:116.9px;">19.8</div><div id="a97229_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:350.99px;top:116.9px;">281.0</div><div id="a97232_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:394.057px;top:116.9px;">9,728.6</div><div id="a97236_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:455.097px;top:116.9px;">26.4</div><div id="a97239_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:500.044px;top:116.9px;">394.3</div><div id="a97242_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:556.35px;top:116.9px;">19.2</div><div id="a97245_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:604.15px;top:116.9px;">344.1</div><div id="a97248_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:650.497px;top:116.9px;">7,549.4</div><div id="a97251" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:130.6px;">of which: options (OTC) </div><div id="a97254_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:205.71px;top:131.1px;">14.2</div><div id="a97257_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:250.67px;top:131.1px;">687.5</div><div id="a97260_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:305.564px;top:131.1px;">17.5</div><div id="a97263_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:350.99px;top:131.1px;">705.0</div><div id="a97268_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:460.297px;top:131.1px;">6.6</div><div id="a97271_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:500.044px;top:131.1px;">545.2</div><div id="a97274_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:561.564px;top:131.1px;">9.2</div><div id="a97277_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:604.15px;top:131.1px;">553.6</div><div id="a97281" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:144.8px;">of which: futures (ETD) </div><div id="a97288_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:401.15px;top:145.7px;">606.3</div><div id="a97296_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:657.617px;top:145.7px;">525.0</div><div id="a97299" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:159.4px;">of which: options (ETD) </div><div id="a97302_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:210.444px;top:159.4px;">0.0</div><div id="a97305_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:260.124px;top:159.4px;">6.1</div><div id="a97308_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:310.284px;top:159.4px;">0.0</div><div id="a97311_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:360.444px;top:159.4px;">2.2</div><div id="a97314_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:401.15px;top:159.4px;">127.7</div><div id="a97318_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:460.297px;top:159.4px;">0.0</div><div id="a97321_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:504.777px;top:159.4px;">22.4</div><div id="a97324_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:561.564px;top:159.4px;">0.0</div><div id="a97327_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:608.884px;top:159.4px;">16.8</div><div id="a97330_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:657.617px;top:159.4px;">157.1</div><div id="a97333" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:174.1px;">Credit derivative contracts </div><div id="a97336_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:210.444px;top:174.1px;">1.0</div><div id="a97339_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:255.404px;top:174.1px;">36.8</div><div id="a97342_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:310.284px;top:174.1px;">1.2</div><div id="a97345_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:355.724px;top:174.1px;">37.1</div><div id="a97350_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:460.297px;top:174.1px;">1.4</div><div id="a97353_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:504.777px;top:174.1px;">44.7</div><div id="a97356_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.564px;top:174.1px;">1.8</div><div id="a97359_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:608.884px;top:174.1px;">46.3</div><div id="a97363" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:189.3px;">of which: credit default swaps (OTC) </div><div id="a97366_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:210.444px;top:189.7px;">0.9</div><div id="a97369_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:255.404px;top:189.7px;">34.2</div><div id="a97372_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:310.284px;top:189.7px;">1.0</div><div id="a97375_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:355.724px;top:189.7px;">36.8</div><div id="a97380_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:460.297px;top:189.7px;">1.3</div><div id="a97383_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:504.777px;top:189.7px;">39.4</div><div id="a97386_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:561.564px;top:189.7px;">1.6</div><div id="a97389_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:608.884px;top:189.7px;">44.1</div><div id="a97393" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:203.4px;">of which: total return swaps (OTC) </div><div id="a97396_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:210.444px;top:203.4px;">0.1</div><div id="a97399_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:260.124px;top:203.4px;">0.9</div><div id="a97402_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:310.284px;top:203.4px;">0.2</div><div id="a97405_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:360.444px;top:203.4px;">0.3</div><div id="a97410_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:460.297px;top:203.4px;">0.1</div><div id="a97413_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:509.977px;top:203.4px;">1.3</div><div id="a97416_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:561.564px;top:203.4px;">0.2</div><div id="a97419_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:614.084px;top:203.4px;">1.7</div><div id="a97423" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:218.1px;">Foreign exchange contracts </div><div id="a97426_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:205.71px;top:218.1px;">85.5</div><div id="a97429_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:243.577px;top:218.1px;">3,087.1</div><div id="a97432_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:305.564px;top:218.1px;">88.5</div><div id="a97435_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:343.897px;top:218.1px;">2,992.7</div><div id="a97438_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.87px;top:218.1px;">40.1</div><div id="a97442_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:455.097px;top:218.1px;">53.3</div><div id="a97445_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:492.924px;top:218.1px;">3,030.8</div><div id="a97448_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:556.35px;top:218.1px;">54.1</div><div id="a97451_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:597.03px;top:218.1px;">2,938.8</div><div id="a97454_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:667.55px;top:218.1px;">1.2</div><div id="a97457" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:233.7px;">of which: forwards (OTC) </div><div id="a97460_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:205.71px;top:233.7px;">26.5</div><div id="a97463_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:250.67px;top:233.7px;">853.4</div><div id="a97466_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:305.564px;top:233.7px;">28.6</div><div id="a97469_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:350.99px;top:233.7px;">910.2</div><div id="a97474_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:455.097px;top:233.7px;">23.8</div><div id="a97477_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:492.924px;top:233.7px;">1,008.9</div><div id="a97480_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:556.35px;top:233.7px;">23.8</div><div id="a97483_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:597.03px;top:233.7px;">1,043.2</div><div id="a97487" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:247.9px;">of which: swaps (OTC) </div><div id="a97490_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:205.71px;top:248.9px;">49.6</div><div id="a97493_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:243.577px;top:248.9px;">1,679.3</div><div id="a97496_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:305.564px;top:248.9px;">50.4</div><div id="a97499_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:343.897px;top:248.9px;">1,553.7</div><div id="a97502_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.87px;top:248.9px;">38.4</div><div id="a97506_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:455.097px;top:248.9px;">24.3</div><div id="a97509_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:492.924px;top:248.9px;">1,606.3</div><div id="a97512_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:556.35px;top:248.9px;">24.9</div><div id="a97515_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:597.03px;top:248.9px;">1,480.3</div><div id="a97519" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:262.1px;">of which: options (OTC) </div><div id="a97522_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:210.444px;top:262.1px;">9.3</div><div id="a97525_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:250.67px;top:262.1px;">551.6</div><div id="a97528_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:310.284px;top:262.1px;">9.2</div><div id="a97531_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:350.99px;top:262.1px;">521.6</div><div id="a97536_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:460.297px;top:262.1px;">5.2</div><div id="a97539_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:500.044px;top:262.1px;">412.6</div><div id="a97542_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:561.564px;top:262.1px;">5.3</div><div id="a97545_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:604.15px;top:262.1px;">408.6</div><div id="a97549" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:276.8px;">Equity contracts </div><div id="a97552_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:205.71px;top:276.8px;">22.2</div><div id="a97555_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:250.67px;top:276.8px;">384.5</div><div id="a97558_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:305.564px;top:276.8px;">26.1</div><div id="a97561_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:350.99px;top:276.8px;">501.3</div><div id="a97564_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.87px;top:276.8px;">63.4</div><div id="a97568_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:455.097px;top:276.8px;">28.2</div><div id="a97571_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:500.044px;top:276.8px;">456.9</div><div id="a97574_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:556.35px;top:276.8px;">34.9</div><div id="a97577_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:604.15px;top:276.8px;">603.9</div><div id="a97580_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:662.35px;top:276.8px;">80.1</div><div id="a97583" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:292.4px;">of which: swaps (OTC) </div><div id="a97586_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:210.444px;top:292.4px;">5.3</div><div id="a97589_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:255.404px;top:292.4px;">95.5</div><div id="a97592_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:310.284px;top:292.4px;">6.6</div><div id="a97595_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:350.99px;top:292.4px;">122.0</div><div id="a97600_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:460.297px;top:292.4px;">4.7</div><div id="a97603_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:500.044px;top:292.4px;">105.7</div><div id="a97606_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:561.564px;top:292.4px;">9.3</div><div id="a97609_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:604.15px;top:292.4px;">154.8</div><div id="a97613" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:306.6px;">of which: options (OTC) </div><div id="a97616_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:210.444px;top:306.6px;">2.8</div><div id="a97619_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:255.404px;top:306.6px;">51.6</div><div id="a97622_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:310.284px;top:306.6px;">4.4</div><div id="a97625_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:355.724px;top:306.6px;">89.0</div><div id="a97630_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:460.297px;top:306.6px;">4.6</div><div id="a97633_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:504.777px;top:306.6px;">61.4</div><div id="a97636_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:561.564px;top:306.6px;">6.5</div><div id="a97639_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:604.15px;top:306.6px;">102.3</div><div id="a97643" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:320.8px;">of which: futures (ETD) </div><div id="a97650_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.87px;top:320.8px;">52.2</div><div id="a97658_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:662.35px;top:320.8px;">71.2</div><div id="a97661" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:335.5px;">of which: options (ETD) </div><div id="a97664_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:210.444px;top:335.5px;">9.0</div><div id="a97667_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:250.67px;top:335.5px;">237.0</div><div id="a97670_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:310.284px;top:335.5px;">8.1</div><div id="a97673_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:350.99px;top:335.5px;">289.7</div><div id="a97676_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.87px;top:335.5px;">11.2</div><div id="a97680_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:455.097px;top:335.5px;">10.2</div><div id="a97683_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:500.044px;top:335.5px;">289.6</div><div id="a97686_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:561.564px;top:335.5px;">9.8</div><div id="a97689_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:604.15px;top:335.5px;">346.3</div><div id="a97692_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:667.55px;top:335.5px;">8.8</div><div id="a97695" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:349.6px;">of which: client-cleared transactions (ETD) </div><div id="a97700_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:210.444px;top:349.6px;">5.1</div><div id="a97704_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:310.284px;top:349.6px;">7.0</div><div id="a97710_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:460.297px;top:349.6px;">8.6</div><div id="a97714_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:561.564px;top:349.6px;">9.4</div><div id="a97719" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:363.3px;">Commodity contracts </div><div id="a97722_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:210.444px;top:363.3px;">1.4</div><div id="a97725_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:255.404px;top:363.3px;">68.1</div><div id="a97728_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:310.284px;top:363.3px;">1.4</div><div id="a97731_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:355.724px;top:363.3px;">64.2</div><div id="a97734_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.87px;top:363.3px;">17.6</div><div id="a97738_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:460.297px;top:363.3px;">1.6</div><div id="a97741_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:504.777px;top:363.3px;">57.8</div><div id="a97744_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.564px;top:363.3px;">1.6</div><div id="a97747_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:608.884px;top:363.3px;">56.4</div><div id="a97750_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:662.35px;top:363.3px;">14.7</div><div id="a97753" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:377.5px;">of which: swaps (OTC) </div><div id="a97756_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:210.444px;top:377.5px;">0.5</div><div id="a97759_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:255.404px;top:377.5px;">19.3</div><div id="a97762_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:310.284px;top:377.5px;">0.7</div><div id="a97765_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:355.724px;top:377.5px;">19.3</div><div id="a97770_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:460.297px;top:377.5px;">0.5</div><div id="a97773_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:504.777px;top:377.5px;">19.9</div><div id="a97776_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:561.564px;top:377.5px;">0.8</div><div id="a97779_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:608.884px;top:377.5px;">25.4</div><div id="a97783" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:392.2px;">of which: options (OTC) </div><div id="a97786_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:210.444px;top:392.2px;">0.4</div><div id="a97789_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:255.404px;top:392.2px;">15.8</div><div id="a97792_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:310.284px;top:392.2px;">0.3</div><div id="a97795_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:355.724px;top:392.2px;">13.3</div><div id="a97800_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:460.297px;top:392.2px;">0.4</div><div id="a97803_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:504.777px;top:392.2px;">14.0</div><div id="a97806_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:561.564px;top:392.2px;">0.2</div><div id="a97809_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:608.884px;top:392.2px;">10.4</div><div id="a97813" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:406.4px;">of which: futures (ETD) </div><div id="a97820_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.87px;top:406.4px;">16.4</div><div id="a97828_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:662.35px;top:406.4px;">13.9</div><div id="a97831" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:420.6px;">of which: forwards<div style="display:inline-block;width:5.28px"> </div>(ETD) </div><div id="a97834_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:210.444px;top:420.6px;">0.0</div><div id="a97837_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:255.404px;top:420.6px;">24.5</div><div id="a97840_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:310.284px;top:420.6px;">0.0</div><div id="a97843_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:355.724px;top:420.6px;">23.2</div><div id="a97848_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:460.297px;top:420.6px;">0.0</div><div id="a97851_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:504.777px;top:420.6px;">18.1</div><div id="a97854_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:561.564px;top:420.6px;">0.0</div><div id="a97857_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:608.884px;top:420.6px;">15.2</div><div id="a97861" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:435.3px;">of which: client-cleared transactions (ETD) </div><div id="a97866_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:210.444px;top:435.3px;">0.2</div><div id="a97870_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:310.284px;top:435.3px;">0.3</div><div id="a97876_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:460.297px;top:435.3px;">0.6</div><div id="a97880_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:561.564px;top:435.3px;">0.4</div><div id="a97885" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:448.5px;">Loan commitments<div style="display:inline-block;width:3.04px"> </div></div><div id="a97888" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:459.9px;">measured at FVTPL (OTC) </div><div id="a97891_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:210.444px;top:460.3px;">0.0</div><div id="a97894_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:260.124px;top:460.3px;">0.9</div><div id="a97897_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:310.284px;top:460.3px;">0.0</div><div id="a97900_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:360.444px;top:460.3px;">3.7</div><div id="a97905_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:460.297px;top:460.3px;">0.0</div><div id="a97908_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:509.977px;top:460.3px;">0.8</div><div id="a97911_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.564px;top:460.3px;">0.0</div><div id="a97914_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:614.084px;top:460.3px;">8.2</div><div id="a97918" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:473.6px;">Unsettled purchases of non-derivative </div><div id="a97921" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:485.4px;">financial instruments</div><div id="a97922" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:78.91px;top:486.1px;">5</div><div id="a97925_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:210.444px;top:485.9px;">0.1</div><div id="a97928_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:255.404px;top:485.9px;">12.1</div><div id="a97931_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:310.284px;top:485.9px;">0.1</div><div id="a97934_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:360.444px;top:485.9px;">9.4</div><div id="a97939_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:460.297px;top:485.9px;">0.1</div><div id="a97942_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:504.777px;top:485.9px;">13.3</div><div id="a97945_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.564px;top:485.9px;">0.2</div><div id="a97948_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:608.884px;top:485.9px;">10.6</div><div id="a97952" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:499.1px;">Unsettled sales of non-derivative<div style="display:inline-block;width:3.93px"> </div>financial </div><div id="a97955" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:511px;">instruments</div><div id="a97956" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:45.774px;top:511.6px;">5</div><div id="a97959_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:210.444px;top:511px;">0.1</div><div id="a97962_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:255.404px;top:511px;">13.0</div><div id="a97965_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:310.284px;top:511px;">0.0</div><div id="a97968_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:355.724px;top:511px;">10.7</div><div id="a97973_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:460.297px;top:511px;">0.2</div><div id="a97976_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:504.777px;top:511px;">18.2</div><div id="a97979_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.564px;top:511px;">0.1</div><div id="a97982_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:614.084px;top:511px;">9.4</div><div id="a97986" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:524.2px;">Total derivative instruments,<div style="display:inline-block;width:4.38px"> </div></div><div id="a97988" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:536px;">based on IFRS netting</div><div id="a97989" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:83.164px;top:536.7px;">6</div><div id="a97992_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:200.977px;top:536.5px;">150.1</div><div id="a97995_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:243.577px;top:536.5px;">4,659.9</div><div id="a97998_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:300.83px;top:536.5px;">154.9</div><div id="a98001_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:343.897px;top:536.5px;">4,641.9</div><div id="a98004_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.324px;top:536.5px;">11,376.5</div><div id="a98008_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:450.364px;top:536.5px;">118.1</div><div id="a98011_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:492.924px;top:536.5px;">4,613.8</div><div id="a98014_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:551.63px;top:536.5px;">121.3</div><div id="a98017_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:597.03px;top:536.5px;">4,616.6</div><div id="a98020_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:650.497px;top:536.5px;">8,771.1</div><div id="a98023" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:550.1px;">1 Includes certain forward starting repurchase and reverse<div style="display:inline-block;width:3.81px"> </div>repurchase agreements that are classified as<div style="display:inline-block;width:3.51px"> </div>measured at fair value through profit or loss and are recognized within<div style="display:inline-block;width:3.64px"> </div>derivative instruments.<div style="display:inline-block;width:8.71px"> </div>2 In cases where </div><div id="a98026" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:560.1px;">derivative financial<div style="display:inline-block;width:3.77px"> </div>instruments<div style="display:inline-block;width:3.61px"> </div>are presented<div style="display:inline-block;width:4.11px"> </div>on a net<div style="display:inline-block;width:4.11px"> </div>basis on<div style="display:inline-block;width:3.46px"> </div>the balance<div style="display:inline-block;width:3.8px"> </div>sheet, the<div style="display:inline-block;width:3.48px"> </div>respective<div style="display:inline-block;width:3.49px"> </div>notional amounts<div style="display:inline-block;width:4.39px"> </div>of the netted<div style="display:inline-block;width:4.42px"> </div>derivative financial<div style="display:inline-block;width:3.77px"> </div>instruments<div style="display:inline-block;width:3.61px"> </div>are still<div style="display:inline-block;width:3.62px"> </div>presented on<div style="display:inline-block;width:3.63px"> </div>a gross<div style="display:inline-block;width:3.94px"> </div>basis.<div style="display:inline-block;width:10.72px"> </div>3 Notional </div><div id="a98030" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:570.5px;">amounts of client-cleared<div style="display:inline-block;width:3.5px"> </div>ETD and OTC<div style="display:inline-block;width:3.7px"> </div>transactions through<div style="display:inline-block;width:3.46px"> </div>central clearing<div style="display:inline-block;width:3.48px"> </div>counterparties are<div style="display:inline-block;width:3.63px"> </div>not disclosed, as they<div style="display:inline-block;width:3.63px"> </div>have significantly<div style="display:inline-block;width:3.85px"> </div>different risk profile.<div style="display:inline-block;width:10.25px"> </div>4 Other notional<div style="display:inline-block;width:3.53px"> </div>amounts relate to<div style="display:inline-block;width:3.46px"> </div>derivatives that<div style="display:inline-block;width:3.45px"> </div>are </div><div id="a98037" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:580.4px;">cleared through either a central<div style="display:inline-block;width:3.65px"> </div>counterparty or an exchange.<div style="display:inline-block;width:3.97px"> </div>The fair value<div style="display:inline-block;width:3.63px"> </div>of these derivatives is presented<div style="display:inline-block;width:3.93px"> </div>on the balance sheet<div style="display:inline-block;width:3.43px"> </div>net of the corresponding<div style="display:inline-block;width:3.47px"> </div>cash margin under Cash<div style="display:inline-block;width:3.39px"> </div>collateral receivables<div style="display:inline-block;width:3.77px"> </div>on derivative </div><div id="a98041" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:590.8px;">instruments and Cash<div style="display:inline-block;width:4.26px"> </div>collateral payables<div style="display:inline-block;width:4.1px"> </div>on derivative<div style="display:inline-block;width:3.91px"> </div>instruments and<div style="display:inline-block;width:3.62px"> </div>was not<div style="display:inline-block;width:3.47px"> </div>material for<div style="display:inline-block;width:3.46px"> </div>any of the<div style="display:inline-block;width:3.95px"> </div>periods presented.<div style="display:inline-block;width:11.76px"> </div>5 Changes in<div style="display:inline-block;width:3.81px"> </div>the fair<div style="display:inline-block;width:3.48px"> </div>value of<div style="display:inline-block;width:3.46px"> </div>purchased and<div style="display:inline-block;width:3.8px"> </div>sold non-derivative<div style="display:inline-block;width:3.84px"> </div>financial instruments </div><div id="a98046" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:600.7px;">between trade date and settlement<div style="display:inline-block;width:3.97px"> </div>date are recognized as derivative<div style="display:inline-block;width:3.47px"> </div>financial instruments.<div style="display:inline-block;width:9.78px"> </div>6 Derivative financial<div style="display:inline-block;width:3.66px"> </div>assets and liabilities are presented<div style="display:inline-block;width:3.8px"> </div>net on the balance sheet if UBS<div style="display:inline-block;width:3.5px"> </div>has the unconditional and legally </div><div id="a98049" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:611.1px;">enforceable right to offset the rec<div style="display:inline-block;width:1.34px"> </div>ognized amounts, both in<div style="display:inline-block;width:3.46px"> </div>the normal course of business and<div style="display:inline-block;width:3.47px"> </div>in the event of default, bankruptcy<div style="display:inline-block;width:3.5px"> </div>or insolvency of the entity<div style="display:inline-block;width:3.46px"> </div>and all of the counterparties,<div style="display:inline-block;width:3.43px"> </div>and intends either to settle<div style="display:inline-block;width:3.48px"> </div>on </div><div id="a98052" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:621.1px;">a net basis or to realize the asset<div style="display:inline-block;width:3.65px"> </div>and settle the liability simultaneously.<div style="display:inline-block;width:4.44px"> </div>Refer to Note 21 for<div style="display:inline-block;width:3.53px"> </div>more information on netting<div style="display:inline-block;width:3.75px"> </div>arrangements.</div></div></div></div><div id="TextBlockContainer370" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:144px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a98099" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">On<div style="display:inline-block;width:7.66px"> </div>a<div style="display:inline-block;width:7.57px"> </div>notional<div style="display:inline-block;width:8.07px"> </div>amount<div style="display:inline-block;width:7.43px"> </div>basis,<div style="display:inline-block;width:7.9px"> </div>approximately </div><div id="a98099_42_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:275.099px;top:0px;">46</div><div id="a98099_44_61" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:290.259px;top:0px;">%<div style="display:inline-block;width:7.57px"> </div>of<div style="display:inline-block;width:7.62px"> </div>OTC<div style="display:inline-block;width:7.62px"> </div>interest<div style="display:inline-block;width:7.97px"> </div>rate<div style="display:inline-block;width:7.26px"> </div>contracts<div style="display:inline-block;width:8.1px"> </div>held<div style="display:inline-block;width:7.87px"> </div>as<div style="display:inline-block;width:7.62px"> </div>of<div style="display:inline-block;width:7.3px"> </div>31 December<div style="display:inline-block;width:7.91px"> </div>2022 </div><div id="a98110" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">(31 December 2021: </div><div id="a98110_19_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.946px;top:15.6px;">40</div><div id="a98110_21_27" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:141.606px;top:15.6px;">%) mature within<div style="display:inline-block;width:5.75px"> </div>one year, </div><div id="a98110_48_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:303.978px;top:15.6px;">32</div><div id="a98110_50_21" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:319.098px;top:15.6px;">% (31 December 2021: </div><div id="a98110_71_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:458.232px;top:15.6px;">36</div><div id="a98110_73_32" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:473.365px;top:15.6px;">%) within one<div style="display:inline-block;width:5.12px"> </div>to five years and </div><div id="a98110_105_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:657.925px;top:15.6px;">22</div><div id="a98110_107_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:672.592px;top:15.6px;">% </div><div id="a98124" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">31 December 2021: </div><div id="a98124_18_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:122.245px;top:30.8px;">25</div><div id="a98124_20_22" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.418px;top:30.8px;">%) after five years.<div style="display:inline-block;width:4.08px"> </div></div><div id="a98131" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:53.9px;">Notional amounts of interest rate contracts cleared<div style="display:inline-block;width:5.52px"> </div>through either a central counterparty or an exchange<div style="display:inline-block;width:5.72px"> </div>that are legally </div><div id="a98139" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:69.1px;">settled or economically<div style="display:inline-block;width:5.34px"> </div>net settled<div style="display:inline-block;width:5.28px"> </div>on a<div style="display:inline-block;width:5.24px"> </div>daily basis are<div style="display:inline-block;width:5.48px"> </div>presented under </div><div id="a98142" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:415.645px;top:68.8px;">Other notional amounts</div><div id="a98144" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:552.405px;top:69.1px;"><div style="display:inline-block;width:4.25px"> </div>in the table<div style="display:inline-block;width:5.5px"> </div>above and </div><div id="a98147" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:84.2px;">are categorized into maturity buckets<div style="display:inline-block;width:2.31px"> </div>on the basis of contractual<div style="display:inline-block;width:2.17px"> </div>maturities of the cleared underlying<div style="display:inline-block;width:2.27px"> </div>derivative contracts. </div><div id="a98152" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.3px;">Other notional<div style="display:inline-block;width:6.02px"> </div>amounts<div style="display:inline-block;width:5.08px"> </div>related to<div style="display:inline-block;width:5.86px"> </div>interest rate<div style="display:inline-block;width:5.4px"> </div>contracts increased<div style="display:inline-block;width:6.33px"> </div>by USD </div><div id="a98152_75_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:441.178px;top:99.3px;">2.6</div><div id="a98152_78_36" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:459.622px;top:99.3px;">trn compared<div style="display:inline-block;width:5.77px"> </div>with 31 December<div style="display:inline-block;width:5.84px"> </div>2021, </div><div id="a98161" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:115px;">mainly<div style="display:inline-block;width:6.73px"> </div>reflecting<div style="display:inline-block;width:7.81px"> </div>higher<div style="display:inline-block;width:7.54px"> </div>business<div style="display:inline-block;width:7.27px"> </div>volumes<div style="display:inline-block;width:7.14px"> </div>driven<div style="display:inline-block;width:7.04px"> </div>by<div style="display:inline-block;width:7.09px"> </div>elevated<div style="display:inline-block;width:7.31px"> </div>interest<div style="display:inline-block;width:7.02px"> </div>rate<div style="display:inline-block;width:6.79px"> </div>volatility<div style="display:inline-block;width:7.11px"> </div>and<div style="display:inline-block;width:7.5px"> </div>inflation,<div style="display:inline-block;width:7.37px"> </div>partly<div style="display:inline-block;width:7.16px"> </div>offset<div style="display:inline-block;width:7.12px"> </div>by </div><div id="a98167" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:130.1px;">compression activity.</div></div> <div id="TextBlockContainer367" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:630px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a97064" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:285.697px;top:0px;">31.12.22 </div><div id="a97067" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:539.777px;top:0px;">31.12.21 </div><div id="a97069" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.181px;top:72.4px;">USD bn </div><div id="a97072" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:186.79px;top:49.2px;">Derivative </div><div id="a97074" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.004px;top:61px;">financial </div><div id="a97076" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:200.51px;top:72.4px;">assets </div><div id="a97078" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:241.217px;top:14.2px;">Notional </div><div id="a97079" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:240.737px;top:25.6px;">amounts </div><div id="a97081" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:236.95px;top:37.4px;">related to </div><div id="a97082" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:237.43px;top:49.2px;">derivative </div><div id="a97084" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:241.684px;top:61px;">financial </div><div id="a97085" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:243.097px;top:72.4px;">assets</div><div id="a97086" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:265.324px;top:73px;">2,3</div><div id="a97088" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:286.644px;top:49.2px;">Derivative </div><div id="a97090" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:291.844px;top:61px;">financial </div><div id="a97092" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:290.43px;top:72.4px;">liabilities </div><div id="a97094" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:341.524px;top:14.2px;">Notional </div><div id="a97095" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:341.057px;top:25.6px;">amounts </div><div id="a97097" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:337.27px;top:37.4px;">related to </div><div id="a97098" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:337.75px;top:49.2px;">derivative </div><div id="a97100" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:342.004px;top:61px;">financial </div><div id="a97101" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:333.457px;top:72.4px;">liabilities</div><div id="a97102" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:365.644px;top:73px;">2,3</div><div id="a97104" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:402.097px;top:49.2px;">Other </div><div id="a97105" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:393.11px;top:61px;">notional </div><div id="a97106" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:72.4px;">amounts</div><div id="a97107" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:415.804px;top:73px;">2,4</div><div id="a97110" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:436.137px;top:49.2px;">Derivative </div><div id="a97112" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:441.377px;top:61px;">financial </div><div id="a97114" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:449.884px;top:72.4px;">assets </div><div id="a97116" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:491.03px;top:14.2px;">Notional </div><div id="a97117" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:490.084px;top:25.6px;">amounts </div><div id="a97119" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.777px;top:37.4px;">related to </div><div id="a97120" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.777px;top:49.2px;">derivative </div><div id="a97122" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:491.51px;top:61px;">financial </div><div id="a97123" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:492.457px;top:72.4px;">assets</div><div id="a97124" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:514.23px;top:73px;">2,3</div><div id="a97126" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:537.404px;top:49.2px;">Derivative </div><div id="a97128" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:542.604px;top:61px;">financial </div><div id="a97130" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:541.67px;top:72.4px;">liabilities </div><div id="a97132" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:595.137px;top:14.2px;">Notional </div><div id="a97133" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:594.19px;top:25.6px;">amounts </div><div id="a97135" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:590.884px;top:37.4px;">related to </div><div id="a97136" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:590.884px;top:49.2px;">derivative </div><div id="a97138" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:595.604px;top:61px;">financial </div><div id="a97139" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:586.617px;top:72.4px;">liabilities</div><div id="a97140" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:618.337px;top:73px;">2,3</div><div id="a97142" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:658.564px;top:49.2px;">Other </div><div id="a97143" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:649.55px;top:61px;">notional </div><div id="a97144" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:640.564px;top:72.4px;">amounts</div><div id="a97145" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:671.804px;top:73px;">2,4</div><div id="a97147" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:86.6px;">Interest rate contracts </div><div id="a97150_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:205.71px;top:86.6px;">39.8</div><div id="a97153_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:243.577px;top:86.6px;">1,057.4</div><div id="a97156_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:305.564px;top:86.6px;">37.5</div><div id="a97159_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:343.897px;top:86.6px;">1,022.9</div><div id="a97162_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.324px;top:86.6px;">11,255.4</div><div id="a97166_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:455.097px;top:86.6px;">33.2</div><div id="a97169_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:500.044px;top:86.6px;">991.2</div><div id="a97172_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:556.35px;top:86.6px;">28.7</div><div id="a97175_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:604.15px;top:86.6px;">943.1</div><div id="a97178_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:650.497px;top:86.6px;">8,675.1</div><div id="a97181" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:101.7px;">of which: forwards (OTC)</div><div id="a97182" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;color:#000000;left:102.55px;top:102.4px;">1</div><div id="a97185_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:210.444px;top:102.7px;">0.2</div><div id="a97188_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:255.404px;top:102.7px;">37.7</div><div id="a97191_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:310.284px;top:102.7px;">0.0</div><div id="a97194_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:355.724px;top:102.7px;">34.6</div><div id="a97197_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:401.15px;top:102.7px;">792.7</div><div id="a97201_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:460.297px;top:102.7px;">0.1</div><div id="a97204_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:504.777px;top:102.7px;">29.4</div><div id="a97207_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:561.564px;top:102.7px;">0.2</div><div id="a97210_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:608.884px;top:102.7px;">28.6</div><div id="a97213_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:657.617px;top:102.7px;">443.6</div><div id="a97216" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:116.4px;">of which: swaps (OTC) </div><div id="a97220_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:205.71px;top:116.9px;">25.2</div><div id="a97223_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:250.67px;top:116.9px;">326.1</div><div id="a97226_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:305.564px;top:116.9px;">19.8</div><div id="a97229_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:350.99px;top:116.9px;">281.0</div><div id="a97232_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:394.057px;top:116.9px;">9,728.6</div><div id="a97236_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:455.097px;top:116.9px;">26.4</div><div id="a97239_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:500.044px;top:116.9px;">394.3</div><div id="a97242_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:556.35px;top:116.9px;">19.2</div><div id="a97245_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:604.15px;top:116.9px;">344.1</div><div id="a97248_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:650.497px;top:116.9px;">7,549.4</div><div id="a97251" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:130.6px;">of which: options (OTC) </div><div id="a97254_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:205.71px;top:131.1px;">14.2</div><div id="a97257_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:250.67px;top:131.1px;">687.5</div><div id="a97260_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:305.564px;top:131.1px;">17.5</div><div id="a97263_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:350.99px;top:131.1px;">705.0</div><div id="a97268_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:460.297px;top:131.1px;">6.6</div><div id="a97271_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:500.044px;top:131.1px;">545.2</div><div id="a97274_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:561.564px;top:131.1px;">9.2</div><div id="a97277_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:604.15px;top:131.1px;">553.6</div><div id="a97281" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:144.8px;">of which: futures (ETD) </div><div id="a97288_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:401.15px;top:145.7px;">606.3</div><div id="a97296_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:657.617px;top:145.7px;">525.0</div><div id="a97299" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:159.4px;">of which: options (ETD) </div><div id="a97302_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:210.444px;top:159.4px;">0.0</div><div id="a97305_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:260.124px;top:159.4px;">6.1</div><div id="a97308_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:310.284px;top:159.4px;">0.0</div><div id="a97311_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:360.444px;top:159.4px;">2.2</div><div id="a97314_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:401.15px;top:159.4px;">127.7</div><div id="a97318_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:460.297px;top:159.4px;">0.0</div><div id="a97321_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:504.777px;top:159.4px;">22.4</div><div id="a97324_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:561.564px;top:159.4px;">0.0</div><div id="a97327_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:608.884px;top:159.4px;">16.8</div><div id="a97330_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:657.617px;top:159.4px;">157.1</div><div id="a97333" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:174.1px;">Credit derivative contracts </div><div id="a97336_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:210.444px;top:174.1px;">1.0</div><div id="a97339_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:255.404px;top:174.1px;">36.8</div><div id="a97342_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:310.284px;top:174.1px;">1.2</div><div id="a97345_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:355.724px;top:174.1px;">37.1</div><div id="a97350_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:460.297px;top:174.1px;">1.4</div><div id="a97353_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:504.777px;top:174.1px;">44.7</div><div id="a97356_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.564px;top:174.1px;">1.8</div><div id="a97359_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:608.884px;top:174.1px;">46.3</div><div id="a97363" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:189.3px;">of which: credit default swaps (OTC) </div><div id="a97366_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:210.444px;top:189.7px;">0.9</div><div id="a97369_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:255.404px;top:189.7px;">34.2</div><div id="a97372_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:310.284px;top:189.7px;">1.0</div><div id="a97375_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:355.724px;top:189.7px;">36.8</div><div id="a97380_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:460.297px;top:189.7px;">1.3</div><div id="a97383_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:504.777px;top:189.7px;">39.4</div><div id="a97386_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:561.564px;top:189.7px;">1.6</div><div id="a97389_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:608.884px;top:189.7px;">44.1</div><div id="a97393" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:203.4px;">of which: total return swaps (OTC) </div><div id="a97396_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:210.444px;top:203.4px;">0.1</div><div id="a97399_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:260.124px;top:203.4px;">0.9</div><div id="a97402_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:310.284px;top:203.4px;">0.2</div><div id="a97405_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:360.444px;top:203.4px;">0.3</div><div id="a97410_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:460.297px;top:203.4px;">0.1</div><div id="a97413_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:509.977px;top:203.4px;">1.3</div><div id="a97416_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:561.564px;top:203.4px;">0.2</div><div id="a97419_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:614.084px;top:203.4px;">1.7</div><div id="a97423" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:218.1px;">Foreign exchange contracts </div><div id="a97426_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:205.71px;top:218.1px;">85.5</div><div id="a97429_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:243.577px;top:218.1px;">3,087.1</div><div id="a97432_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:305.564px;top:218.1px;">88.5</div><div id="a97435_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:343.897px;top:218.1px;">2,992.7</div><div id="a97438_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.87px;top:218.1px;">40.1</div><div id="a97442_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:455.097px;top:218.1px;">53.3</div><div id="a97445_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:492.924px;top:218.1px;">3,030.8</div><div id="a97448_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:556.35px;top:218.1px;">54.1</div><div id="a97451_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:597.03px;top:218.1px;">2,938.8</div><div id="a97454_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:667.55px;top:218.1px;">1.2</div><div id="a97457" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:233.7px;">of which: forwards (OTC) </div><div id="a97460_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:205.71px;top:233.7px;">26.5</div><div id="a97463_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:250.67px;top:233.7px;">853.4</div><div id="a97466_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:305.564px;top:233.7px;">28.6</div><div id="a97469_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:350.99px;top:233.7px;">910.2</div><div id="a97474_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:455.097px;top:233.7px;">23.8</div><div id="a97477_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:492.924px;top:233.7px;">1,008.9</div><div id="a97480_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:556.35px;top:233.7px;">23.8</div><div id="a97483_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:597.03px;top:233.7px;">1,043.2</div><div id="a97487" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:247.9px;">of which: swaps (OTC) </div><div id="a97490_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:205.71px;top:248.9px;">49.6</div><div id="a97493_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:243.577px;top:248.9px;">1,679.3</div><div id="a97496_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:305.564px;top:248.9px;">50.4</div><div id="a97499_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:343.897px;top:248.9px;">1,553.7</div><div id="a97502_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.87px;top:248.9px;">38.4</div><div id="a97506_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:455.097px;top:248.9px;">24.3</div><div id="a97509_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:492.924px;top:248.9px;">1,606.3</div><div id="a97512_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:556.35px;top:248.9px;">24.9</div><div id="a97515_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:597.03px;top:248.9px;">1,480.3</div><div id="a97519" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:262.1px;">of which: options (OTC) </div><div id="a97522_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:210.444px;top:262.1px;">9.3</div><div id="a97525_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:250.67px;top:262.1px;">551.6</div><div id="a97528_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:310.284px;top:262.1px;">9.2</div><div id="a97531_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:350.99px;top:262.1px;">521.6</div><div id="a97536_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:460.297px;top:262.1px;">5.2</div><div id="a97539_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:500.044px;top:262.1px;">412.6</div><div id="a97542_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:561.564px;top:262.1px;">5.3</div><div id="a97545_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:604.15px;top:262.1px;">408.6</div><div id="a97549" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:276.8px;">Equity contracts </div><div id="a97552_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:205.71px;top:276.8px;">22.2</div><div id="a97555_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:250.67px;top:276.8px;">384.5</div><div id="a97558_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:305.564px;top:276.8px;">26.1</div><div id="a97561_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:350.99px;top:276.8px;">501.3</div><div id="a97564_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.87px;top:276.8px;">63.4</div><div id="a97568_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:455.097px;top:276.8px;">28.2</div><div id="a97571_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:500.044px;top:276.8px;">456.9</div><div id="a97574_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:556.35px;top:276.8px;">34.9</div><div id="a97577_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:604.15px;top:276.8px;">603.9</div><div id="a97580_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:662.35px;top:276.8px;">80.1</div><div id="a97583" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:292.4px;">of which: swaps (OTC) </div><div id="a97586_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:210.444px;top:292.4px;">5.3</div><div id="a97589_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:255.404px;top:292.4px;">95.5</div><div id="a97592_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:310.284px;top:292.4px;">6.6</div><div id="a97595_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:350.99px;top:292.4px;">122.0</div><div id="a97600_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:460.297px;top:292.4px;">4.7</div><div id="a97603_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:500.044px;top:292.4px;">105.7</div><div id="a97606_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:561.564px;top:292.4px;">9.3</div><div id="a97609_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:604.15px;top:292.4px;">154.8</div><div id="a97613" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:306.6px;">of which: options (OTC) </div><div id="a97616_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:210.444px;top:306.6px;">2.8</div><div id="a97619_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:255.404px;top:306.6px;">51.6</div><div id="a97622_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:310.284px;top:306.6px;">4.4</div><div id="a97625_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:355.724px;top:306.6px;">89.0</div><div id="a97630_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:460.297px;top:306.6px;">4.6</div><div id="a97633_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:504.777px;top:306.6px;">61.4</div><div id="a97636_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:561.564px;top:306.6px;">6.5</div><div id="a97639_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:604.15px;top:306.6px;">102.3</div><div id="a97643" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:320.8px;">of which: futures (ETD) </div><div id="a97650_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.87px;top:320.8px;">52.2</div><div id="a97658_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:662.35px;top:320.8px;">71.2</div><div id="a97661" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:335.5px;">of which: options (ETD) </div><div id="a97664_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:210.444px;top:335.5px;">9.0</div><div id="a97667_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:250.67px;top:335.5px;">237.0</div><div id="a97670_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:310.284px;top:335.5px;">8.1</div><div id="a97673_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:350.99px;top:335.5px;">289.7</div><div id="a97676_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.87px;top:335.5px;">11.2</div><div id="a97680_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:455.097px;top:335.5px;">10.2</div><div id="a97683_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:500.044px;top:335.5px;">289.6</div><div id="a97686_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:561.564px;top:335.5px;">9.8</div><div id="a97689_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:604.15px;top:335.5px;">346.3</div><div id="a97692_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:667.55px;top:335.5px;">8.8</div><div id="a97695" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:349.6px;">of which: client-cleared transactions (ETD) </div><div id="a97700_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:210.444px;top:349.6px;">5.1</div><div id="a97704_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:310.284px;top:349.6px;">7.0</div><div id="a97710_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:460.297px;top:349.6px;">8.6</div><div id="a97714_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:561.564px;top:349.6px;">9.4</div><div id="a97719" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:363.3px;">Commodity contracts </div><div id="a97722_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:210.444px;top:363.3px;">1.4</div><div id="a97725_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:255.404px;top:363.3px;">68.1</div><div id="a97728_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:310.284px;top:363.3px;">1.4</div><div id="a97731_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:355.724px;top:363.3px;">64.2</div><div id="a97734_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.87px;top:363.3px;">17.6</div><div id="a97738_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:460.297px;top:363.3px;">1.6</div><div id="a97741_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:504.777px;top:363.3px;">57.8</div><div id="a97744_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.564px;top:363.3px;">1.6</div><div id="a97747_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:608.884px;top:363.3px;">56.4</div><div id="a97750_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:662.35px;top:363.3px;">14.7</div><div id="a97753" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:377.5px;">of which: swaps (OTC) </div><div id="a97756_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:210.444px;top:377.5px;">0.5</div><div id="a97759_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:255.404px;top:377.5px;">19.3</div><div id="a97762_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:310.284px;top:377.5px;">0.7</div><div id="a97765_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:355.724px;top:377.5px;">19.3</div><div id="a97770_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:460.297px;top:377.5px;">0.5</div><div id="a97773_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:504.777px;top:377.5px;">19.9</div><div id="a97776_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:561.564px;top:377.5px;">0.8</div><div id="a97779_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:608.884px;top:377.5px;">25.4</div><div id="a97783" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:392.2px;">of which: options (OTC) </div><div id="a97786_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:210.444px;top:392.2px;">0.4</div><div id="a97789_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:255.404px;top:392.2px;">15.8</div><div id="a97792_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:310.284px;top:392.2px;">0.3</div><div id="a97795_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:355.724px;top:392.2px;">13.3</div><div id="a97800_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:460.297px;top:392.2px;">0.4</div><div id="a97803_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:504.777px;top:392.2px;">14.0</div><div id="a97806_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:561.564px;top:392.2px;">0.2</div><div id="a97809_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:608.884px;top:392.2px;">10.4</div><div id="a97813" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:406.4px;">of which: futures (ETD) </div><div id="a97820_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.87px;top:406.4px;">16.4</div><div id="a97828_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:662.35px;top:406.4px;">13.9</div><div id="a97831" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:420.6px;">of which: forwards<div style="display:inline-block;width:5.28px"> </div>(ETD) </div><div id="a97834_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:210.444px;top:420.6px;">0.0</div><div id="a97837_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:255.404px;top:420.6px;">24.5</div><div id="a97840_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:310.284px;top:420.6px;">0.0</div><div id="a97843_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:355.724px;top:420.6px;">23.2</div><div id="a97848_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:460.297px;top:420.6px;">0.0</div><div id="a97851_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:504.777px;top:420.6px;">18.1</div><div id="a97854_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:561.564px;top:420.6px;">0.0</div><div id="a97857_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:608.884px;top:420.6px;">15.2</div><div id="a97861" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:435.3px;">of which: client-cleared transactions (ETD) </div><div id="a97866_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:210.444px;top:435.3px;">0.2</div><div id="a97870_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:310.284px;top:435.3px;">0.3</div><div id="a97876_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:460.297px;top:435.3px;">0.6</div><div id="a97880_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:561.564px;top:435.3px;">0.4</div><div id="a97885" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:448.5px;">Loan commitments<div style="display:inline-block;width:3.04px"> </div></div><div id="a97888" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:459.9px;">measured at FVTPL (OTC) </div><div id="a97891_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:210.444px;top:460.3px;">0.0</div><div id="a97894_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:260.124px;top:460.3px;">0.9</div><div id="a97897_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:310.284px;top:460.3px;">0.0</div><div id="a97900_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:360.444px;top:460.3px;">3.7</div><div id="a97905_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:460.297px;top:460.3px;">0.0</div><div id="a97908_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:509.977px;top:460.3px;">0.8</div><div id="a97911_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.564px;top:460.3px;">0.0</div><div id="a97914_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:614.084px;top:460.3px;">8.2</div><div id="a97918" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:473.6px;">Unsettled purchases of non-derivative </div><div id="a97921" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:485.4px;">financial instruments</div><div id="a97922" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:78.91px;top:486.1px;">5</div><div id="a97925_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:210.444px;top:485.9px;">0.1</div><div id="a97928_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:255.404px;top:485.9px;">12.1</div><div id="a97931_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:310.284px;top:485.9px;">0.1</div><div id="a97934_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:360.444px;top:485.9px;">9.4</div><div id="a97939_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:460.297px;top:485.9px;">0.1</div><div id="a97942_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:504.777px;top:485.9px;">13.3</div><div id="a97945_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.564px;top:485.9px;">0.2</div><div id="a97948_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:608.884px;top:485.9px;">10.6</div><div id="a97952" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:499.1px;">Unsettled sales of non-derivative<div style="display:inline-block;width:3.93px"> </div>financial </div><div id="a97955" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:511px;">instruments</div><div id="a97956" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:45.774px;top:511.6px;">5</div><div id="a97959_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:210.444px;top:511px;">0.1</div><div id="a97962_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:255.404px;top:511px;">13.0</div><div id="a97965_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:310.284px;top:511px;">0.0</div><div id="a97968_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:355.724px;top:511px;">10.7</div><div id="a97973_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:460.297px;top:511px;">0.2</div><div id="a97976_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:504.777px;top:511px;">18.2</div><div id="a97979_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.564px;top:511px;">0.1</div><div id="a97982_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:614.084px;top:511px;">9.4</div><div id="a97986" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:524.2px;">Total derivative instruments,<div style="display:inline-block;width:4.38px"> </div></div><div id="a97988" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:536px;">based on IFRS netting</div><div id="a97989" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:83.164px;top:536.7px;">6</div><div id="a97992_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:200.977px;top:536.5px;">150.1</div><div id="a97995_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:243.577px;top:536.5px;">4,659.9</div><div id="a97998_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:300.83px;top:536.5px;">154.9</div><div id="a98001_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:343.897px;top:536.5px;">4,641.9</div><div id="a98004_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.324px;top:536.5px;">11,376.5</div><div id="a98008_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:450.364px;top:536.5px;">118.1</div><div id="a98011_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:492.924px;top:536.5px;">4,613.8</div><div id="a98014_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:551.63px;top:536.5px;">121.3</div><div id="a98017_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:597.03px;top:536.5px;">4,616.6</div><div id="a98020_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:650.497px;top:536.5px;">8,771.1</div><div id="a98023" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:550.1px;">1 Includes certain forward starting repurchase and reverse<div style="display:inline-block;width:3.81px"> </div>repurchase agreements that are classified as<div style="display:inline-block;width:3.51px"> </div>measured at fair value through profit or loss and are recognized within<div style="display:inline-block;width:3.64px"> </div>derivative instruments.<div style="display:inline-block;width:8.71px"> </div>2 In cases where </div><div id="a98026" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:560.1px;">derivative financial<div style="display:inline-block;width:3.77px"> </div>instruments<div style="display:inline-block;width:3.61px"> </div>are presented<div style="display:inline-block;width:4.11px"> </div>on a net<div style="display:inline-block;width:4.11px"> </div>basis on<div style="display:inline-block;width:3.46px"> </div>the balance<div style="display:inline-block;width:3.8px"> </div>sheet, the<div style="display:inline-block;width:3.48px"> </div>respective<div style="display:inline-block;width:3.49px"> </div>notional amounts<div style="display:inline-block;width:4.39px"> </div>of the netted<div style="display:inline-block;width:4.42px"> </div>derivative financial<div style="display:inline-block;width:3.77px"> </div>instruments<div style="display:inline-block;width:3.61px"> </div>are still<div style="display:inline-block;width:3.62px"> </div>presented on<div style="display:inline-block;width:3.63px"> </div>a gross<div style="display:inline-block;width:3.94px"> </div>basis.<div style="display:inline-block;width:10.72px"> </div>3 Notional </div><div id="a98030" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:570.5px;">amounts of client-cleared<div style="display:inline-block;width:3.5px"> </div>ETD and OTC<div style="display:inline-block;width:3.7px"> </div>transactions through<div style="display:inline-block;width:3.46px"> </div>central clearing<div style="display:inline-block;width:3.48px"> </div>counterparties are<div style="display:inline-block;width:3.63px"> </div>not disclosed, as they<div style="display:inline-block;width:3.63px"> </div>have significantly<div style="display:inline-block;width:3.85px"> </div>different risk profile.<div style="display:inline-block;width:10.25px"> </div>4 Other notional<div style="display:inline-block;width:3.53px"> </div>amounts relate to<div style="display:inline-block;width:3.46px"> </div>derivatives that<div style="display:inline-block;width:3.45px"> </div>are </div><div id="a98037" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:580.4px;">cleared through either a central<div style="display:inline-block;width:3.65px"> </div>counterparty or an exchange.<div style="display:inline-block;width:3.97px"> </div>The fair value<div style="display:inline-block;width:3.63px"> </div>of these derivatives is presented<div style="display:inline-block;width:3.93px"> </div>on the balance sheet<div style="display:inline-block;width:3.43px"> </div>net of the corresponding<div style="display:inline-block;width:3.47px"> </div>cash margin under Cash<div style="display:inline-block;width:3.39px"> </div>collateral receivables<div style="display:inline-block;width:3.77px"> </div>on derivative </div><div id="a98041" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:590.8px;">instruments and Cash<div style="display:inline-block;width:4.26px"> </div>collateral payables<div style="display:inline-block;width:4.1px"> </div>on derivative<div style="display:inline-block;width:3.91px"> </div>instruments and<div style="display:inline-block;width:3.62px"> </div>was not<div style="display:inline-block;width:3.47px"> </div>material for<div style="display:inline-block;width:3.46px"> </div>any of the<div style="display:inline-block;width:3.95px"> </div>periods presented.<div style="display:inline-block;width:11.76px"> </div>5 Changes in<div style="display:inline-block;width:3.81px"> </div>the fair<div style="display:inline-block;width:3.48px"> </div>value of<div style="display:inline-block;width:3.46px"> </div>purchased and<div style="display:inline-block;width:3.8px"> </div>sold non-derivative<div style="display:inline-block;width:3.84px"> </div>financial instruments </div><div id="a98046" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:600.7px;">between trade date and settlement<div style="display:inline-block;width:3.97px"> </div>date are recognized as derivative<div style="display:inline-block;width:3.47px"> </div>financial instruments.<div style="display:inline-block;width:9.78px"> </div>6 Derivative financial<div style="display:inline-block;width:3.66px"> </div>assets and liabilities are presented<div style="display:inline-block;width:3.8px"> </div>net on the balance sheet if UBS<div style="display:inline-block;width:3.5px"> </div>has the unconditional and legally </div><div id="a98049" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:611.1px;">enforceable right to offset the rec<div style="display:inline-block;width:1.34px"> </div>ognized amounts, both in<div style="display:inline-block;width:3.46px"> </div>the normal course of business and<div style="display:inline-block;width:3.47px"> </div>in the event of default, bankruptcy<div style="display:inline-block;width:3.5px"> </div>or insolvency of the entity<div style="display:inline-block;width:3.46px"> </div>and all of the counterparties,<div style="display:inline-block;width:3.43px"> </div>and intends either to settle<div style="display:inline-block;width:3.48px"> </div>on </div><div id="a98052" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:621.1px;">a net basis or to realize the asset<div style="display:inline-block;width:3.65px"> </div>and settle the liability simultaneously.<div style="display:inline-block;width:4.44px"> </div>Refer to Note 21 for<div style="display:inline-block;width:3.53px"> </div>more information on netting<div style="display:inline-block;width:3.75px"> </div>arrangements.</div></div> 39800000000 1057400000000 37500000000 1022900000000 11255400000000 33200000000 991200000000 28700000000 943100000000 8675100000000 200000000 37700000000 0.0 34600000000 792700000000 100000000 29400000000 200000000 28600000000 443600000000 25200000000 326100000000 19800000000 281000000000.0 9728600000000 26400000000 394300000000 19200000000 344100000000 7549400000000 14200000000 687500000000 17500000000 705000000000.0 6600000000 545200000000 9200000000 553600000000 606300000000 525000000000.0 0.0 6100000000 0.0 2200000000 127700000000 0.0 22400000000 0.0 16800000000 157100000000 1000000000.0 36800000000 1200000000 37100000000 1400000000 44700000000 1800000000 46300000000 900000000 34200000000 1000000000.0 36800000000 1300000000 39400000000 1600000000 44100000000 100000000 900000000 200000000 300000000 100000000 1300000000 200000000 1700000000 85500000000 3087100000000 88500000000 2992700000000 40100000000 53300000000 3030800000000 54100000000 2938800000000 1200000000 26500000000 853400000000 28600000000 910200000000 23800000000 1008900000000 23800000000 1043200000000 49600000000 1679300000000 50400000000 1553700000000 38400000000 24300000000 1606300000000 24900000000 1480300000000 9300000000 551600000000 9200000000 521600000000 5200000000 412600000000 5300000000 408600000000 22200000000 384500000000 26100000000 501300000000 63400000000 28200000000 456900000000 34900000000 603900000000 80100000000 5300000000 95500000000 6600000000 122000000000.0 4700000000 105700000000 9300000000 154800000000 2800000000 51600000000 4400000000 89000000000.0 4600000000 61400000000 6500000000 102300000000 52200000000 71200000000 9000000000.0 237000000000.0 8100000000 289700000000 11200000000 10200000000 289600000000 9800000000 346300000000 8800000000 5100000000 7000000000.0 8600000000 9400000000 1400000000 68100000000 1400000000 64200000000 17600000000 1600000000 57800000000 1600000000 56400000000 14700000000 500000000 19300000000 700000000 19300000000 500000000 19900000000 800000000 25400000000 400000000 15800000000 300000000 13300000000 400000000 14000000000.0 200000000 10400000000 16400000000 13900000000 0.0 24500000000 0.0 23200000000 0.0 18100000000 0.0 15200000000 200000000 300000000 600000000 400000000 0.0 900000000 0.0 3700000000 0.0 800000000 0.0 8200000000 100000000 12100000000 100000000 9400000000 100000000 13300000000 200000000 10600000000 100000000 13000000000.0 0.0 10700000000 200000000 18200000000 100000000 9400000000 150100000000 4659900000000 154900000000 4641900000000 11376500000000 118100000000 4613800000000 121300000000 4616600000000 8771100000000 0.46 0.40 0.32 0.36 0.22 0.25 2600000000000 <div id="TextBlockContainer372" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:287px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a98175" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 11<div style="display:inline-block;width:8.21px"> </div>Property, equipment and software</div></div><div id="TextBlockContainer376" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:687px;height:367px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_374_XBRL_TS_7ae23f74381e4e65b2a13573ee497669" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer375" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:687px;height:367px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a98181" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">At historical cost less accumulated depreciation </div><div id="a98183" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:44.2px;">USD m </div><div id="a98185" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:313.155px;top:21px;">Owned </div><div id="a98186" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:287.142px;top:32.3px;">properties and </div><div id="a98187" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:298.022px;top:44.2px;">equipment</div><div id="a98188" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:336.822px;top:44.8px;">1</div><div id="a98190" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:383.168px;top:21px;">Leased </div><div id="a98191" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:355.275px;top:32.3px;">properties and </div><div id="a98192" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:366.142px;top:44.2px;">equipment</div><div id="a98193" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:404.955px;top:44.8px;">2</div><div id="a98195" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:443.288px;top:44.2px;">Software </div><div id="a98197" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.222px;top:32.3px;">Projects in </div><div id="a98198" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:512.848px;top:44.2px;">progress </div><div id="a98200" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.488px;top:44.2px;">2022</div><div id="a98201" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:608.902px;top:44.8px;">3 </div><div id="a98203" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:657.648px;top:44.2px;">2021</div><div id="a98204" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:676.568px;top:44.8px;">3</div><div id="a98206" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:56.9px;">Historical cost </div><div id="a98214" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:70.2px;">Balance at the beginning of the year </div><div id="a98217_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:313.155px;top:70.2px;">13,048</div><div id="a98220_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:386.008px;top:70.2px;">4,174</div><div id="a98223_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:453.702px;top:70.2px;">8,642</div><div id="a98226_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:521.822px;top:70.2px;">1,250</div><div id="a98229_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:70.2px;">27,113</div><div id="a98232_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:653.395px;top:70.2px;">26,238</div><div id="a98235" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:82.9px;">Additions </div><div id="a98237_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:324.968px;top:82.9px;">162</div><div id="a98240_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:393.128px;top:82.9px;">412</div><div id="a98243_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:460.795px;top:82.9px;">300</div><div id="a98246_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:521.822px;top:82.9px;">1,182</div><div id="a98249_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.955px;top:82.9px;">2,057</div><div id="a98252_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:658.115px;top:82.9px;">2,090</div><div id="a98255" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:96.2px;">Disposals / write-offs</div><div id="a98258" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:79.408px;top:96.8px;">4</div><div id="a98260_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:320.248px;top:96.2px;display:flex;">(333)</div><div id="a98263_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:393.128px;top:96.2px;display:flex;">(62)</div><div id="a98266_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:456.062px;top:96.2px;display:flex;">(106)</div><div id="a98269_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:538.848px;top:96.2px;">0</div><div id="a98272_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.328px;top:96.2px;display:flex;">(501)</div><div id="a98275_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.488px;top:96.2px;display:flex;">(751)</div><div id="a98278" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:109.4px;">Reclassifications </div><div id="a98280_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:312.675px;top:109.4px;display:flex;">(1,073)</div><div id="a98283_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:403.062px;top:109.4px;">0</div><div id="a98286_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:453.702px;top:109.4px;">1,151</div><div id="a98289_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:516.622px;top:109.4px;display:flex;">(1,301)</div><div id="a98292_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:109.4px;display:flex;">(1,223)</div><div id="a98295_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:665.208px;top:109.4px;display:flex;">(18)</div><div id="a98298" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:122.7px;">Foreign currency translation </div><div id="a98301_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:320.248px;top:122.7px;display:flex;">(217)</div><div id="a98304_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:393.128px;top:122.7px;display:flex;">(65)</div><div id="a98307_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:460.795px;top:122.7px;display:flex;">(42)</div><div id="a98310_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:538.848px;top:122.7px;">5</div><div id="a98313_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.328px;top:122.7px;display:flex;">(319)</div><div id="a98316_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.488px;top:122.7px;display:flex;">(445)</div><div id="a98319" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:135.9px;">Balance at the end of the year </div><div id="a98321_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:313.155px;top:135.9px;">11,587</div><div id="a98324_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:386.008px;top:135.9px;">4,459</div><div id="a98327_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:453.702px;top:135.9px;">9,944</div><div id="a98330_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:521.822px;top:135.9px;">1,136</div><div id="a98333_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:135.9px;">27,127</div><div id="a98336_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:653.395px;top:135.9px;">27,113</div><div id="a98339" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:149.7px;">Accumulated depreciation </div><div id="a98347" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:162.9px;">Balance at the beginning of the year </div><div id="a98349_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:317.875px;top:162.9px;">8,072</div><div id="a98352_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:386.008px;top:162.9px;">1,346</div><div id="a98355_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:453.702px;top:162.9px;">4,807</div><div id="a98359_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:162.9px;">14,225</div><div id="a98362_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:653.395px;top:162.9px;">13,129</div><div id="a98365" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:175.7px;">Depreciation </div><div id="a98367_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:324.968px;top:175.7px;">577</div><div id="a98370_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:393.128px;top:175.7px;">451</div><div id="a98373_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:453.702px;top:175.7px;">1,005</div><div id="a98377_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.955px;top:175.7px;">2,033</div><div id="a98380_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:658.115px;top:175.7px;">2,078</div><div id="a98383" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:188.9px;">Impairment</div><div id="a98384" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:44.854px;top:189.6px;">5</div><div id="a98386_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:334.902px;top:188.9px;">3</div><div id="a98389_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:403.062px;top:188.9px;">0</div><div id="a98392_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:470.728px;top:188.9px;">0</div><div id="a98396_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.008px;top:188.9px;">3</div><div id="a98399_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:670.408px;top:188.9px;">10</div><div id="a98402" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:202.2px;">Disposals / write-offs</div><div id="a98405" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:79.408px;top:202.8px;">4</div><div id="a98407_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:320.248px;top:202.2px;display:flex;">(332)</div><div id="a98410_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:393.128px;top:202.2px;display:flex;">(59)</div><div id="a98413_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:456.062px;top:202.2px;display:flex;">(106)</div><div id="a98417_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.328px;top:202.2px;display:flex;">(497)</div><div id="a98420_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.488px;top:202.2px;display:flex;">(737)</div><div id="a98423" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:215.4px;">Reclassifications </div><div id="a98425_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:320.248px;top:215.4px;display:flex;">(761)</div><div id="a98428_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:397.862px;top:215.4px;display:flex;">(1)</div><div id="a98431_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:470.728px;top:215.4px;">0</div><div id="a98435_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.328px;top:215.4px;display:flex;">(761)</div><div id="a98438_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:665.208px;top:215.4px;display:flex;">(12)</div><div id="a98441" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:228.7px;">Foreign currency translation </div><div id="a98443_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:320.248px;top:228.7px;display:flex;">(135)</div><div id="a98446_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:393.128px;top:228.7px;display:flex;">(24)</div><div id="a98449_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:465.515px;top:228.7px;display:flex;">(6)</div><div id="a98453_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.328px;top:228.7px;display:flex;">(164)</div><div id="a98456_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.488px;top:228.7px;display:flex;">(243)</div><div id="a98459" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:242.4px;">Balance at the end of the year </div><div id="a98461_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:317.875px;top:242.4px;">7,425</div><div id="a98464_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:386.008px;top:242.4px;">1,714</div><div id="a98467_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:453.702px;top:242.4px;">5,699</div><div id="a98471_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:242.4px;">14,839</div><div id="a98474_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:653.395px;top:242.4px;">14,225</div><div id="a98484" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:267.5px;">Net book value<div style="display:inline-block;width:3.13px"> </div></div><div id="a98492" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:280.7px;">Net book value at the beginning of the year </div><div id="a98494_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:317.875px;top:280.7px;">4,976</div><div id="a98497_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:386.008px;top:280.7px;">2,828</div><div id="a98500_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:453.702px;top:280.7px;">3,835</div><div id="a98503_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:521.822px;top:280.7px;">1,250</div><div id="a98506_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:280.7px;">12,888</div><div id="a98509_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:653.395px;top:280.7px;">13,109</div><div id="a98512" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:294px;">Net book value at the end of the<div style="display:inline-block;width:3.71px"> </div>year </div><div id="a98514_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:317.875px;top:294px;">4,162</div><div id="a98517_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:386.008px;top:294px;">2,746</div><div id="a98520_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:453.702px;top:294px;">4,245</div><div id="a98523_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:518.995px;top:294px;">1,136</div><div id="a98525" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:540.742px;top:294.6px;">6 </div><div id="a98527_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:294px;">12,288</div><div id="a98530_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:653.395px;top:294px;">12,888</div><div id="a98533" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:308px;">1 Includes leasehold<div style="display:inline-block;width:3.95px"> </div>improvements and<div style="display:inline-block;width:3.76px"> </div>IT hardware.<div style="display:inline-block;width:11.82px"> </div>2 Represents<div style="display:inline-block;width:3.64px"> </div>right-of-use assets<div style="display:inline-block;width:4.12px"> </div>recognized by<div style="display:inline-block;width:3.79px"> </div>UBS as lessee.<div style="display:inline-block;width:4.27px"> </div>UBS predominantly<div style="display:inline-block;width:3.78px"> </div>enters into<div style="display:inline-block;width:3.46px"> </div>lease contracts,<div style="display:inline-block;width:4.58px"> </div>or contracts<div style="display:inline-block;width:3.46px"> </div>that include<div style="display:inline-block;width:3.63px"> </div>lease components,<div style="display:inline-block;width:4.5px"> </div>in </div><div id="a98541" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:318px;">relation to real estate, including offices,<div style="display:inline-block;width:3.64px"> </div>retail branches and sales offices. The<div style="display:inline-block;width:3.66px"> </div>total cash outflow for leases during 2022 was<div style="display:inline-block;width:3.72px"> </div>USD </div><div id="a98541_133_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:405.832px;top:318px;">614</div><div id="a98541_136_13" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:418.6px;top:318px;">m (2021: USD </div><div id="a98541_149_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:464.472px;top:318px;">657</div><div id="a98541_152_70" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:477.241px;top:318px;">m). Interest expense on lease liabilities is included within Interest </div><div id="a98544" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:328.4px;">expense from financial<div style="display:inline-block;width:4.26px"> </div>instruments measured<div style="display:inline-block;width:3.62px"> </div>at amortized<div style="display:inline-block;width:3.62px"> </div>cost and Lease<div style="display:inline-block;width:4.11px"> </div>liabilities are<div style="display:inline-block;width:3.62px"> </div>included within Other<div style="display:inline-block;width:4.24px"> </div>financial liabi<div style="display:inline-block;width:1.37px"> </div>lities measured at<div style="display:inline-block;width:4.09px"> </div>amortized cost.<div style="display:inline-block;width:3.77px"> </div>Refer to Notes<div style="display:inline-block;width:3.78px"> </div>3 and 18a,<div style="display:inline-block;width:3.53px"> </div>respectively.<div style="display:inline-block;width:3.84px"> </div>There were<div style="display:inline-block;width:3.8px"> </div>no </div><div id="a98547" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:338.3px;">material gains or losses arising<div style="display:inline-block;width:3.93px"> </div>from sale-and-leaseback<div style="display:inline-block;width:3.59px"> </div>transactions in 2022<div style="display:inline-block;width:3.83px"> </div>and in 2021.<div style="display:inline-block;width:9.84px"> </div>3 The total reclassification<div style="display:inline-block;width:4.12px"> </div>amount for the respective<div style="display:inline-block;width:4.09px"> </div>periods represents<div style="display:inline-block;width:3.62px"> </div>net reclassifications to<div style="display:inline-block;width:3.53px"> </div>Properties and other<div style="display:inline-block;width:3.78px"> </div>non-</div><div id="a98554" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:348.7px;">current assets held for<div style="display:inline-block;width:3.48px"> </div>sale.<div style="display:inline-block;width:8.83px"> </div>4 Includes write-offs<div style="display:inline-block;width:3.43px"> </div>of fully depreciated assets.<div style="display:inline-block;width:10.59px"> </div>5 Impairment charges recorded<div style="display:inline-block;width:3.96px"> </div>in 2022 generally relate<div style="display:inline-block;width:3.69px"> </div>to assets that are no longer<div style="display:inline-block;width:3.95px"> </div>used,<div style="display:inline-block;width:2.59px"> </div>for which the recoverable<div style="display:inline-block;width:3.62px"> </div>amount based on </div><div id="a98559" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:358.7px;">a value in use approach was<div style="display:inline-block;width:3.81px"> </div>determined to be zero.<div style="display:inline-block;width:9.62px"> </div>6 Consists of USD </div><div id="a98559_72_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:232.563px;top:358.7px;">939</div><div id="a98559_75_30" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:245.332px;top:358.7px;">m related to software<div style="display:inline-block;width:3.62px"> </div>and USD </div><div id="a98559_105_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:344.641px;top:358.7px;">197</div><div id="a98559_108_44" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:357.409px;top:358.7px;">m related to Owned properties<div style="display:inline-block;width:3.86px"> </div>and equipment.</div></div></div></div> <div id="TextBlockContainer375" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:687px;height:367px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a98181" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">At historical cost less accumulated depreciation </div><div id="a98183" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:44.2px;">USD m </div><div id="a98185" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:313.155px;top:21px;">Owned </div><div id="a98186" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:287.142px;top:32.3px;">properties and </div><div id="a98187" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:298.022px;top:44.2px;">equipment</div><div id="a98188" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:336.822px;top:44.8px;">1</div><div id="a98190" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:383.168px;top:21px;">Leased </div><div id="a98191" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:355.275px;top:32.3px;">properties and </div><div id="a98192" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:366.142px;top:44.2px;">equipment</div><div id="a98193" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:404.955px;top:44.8px;">2</div><div id="a98195" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:443.288px;top:44.2px;">Software </div><div id="a98197" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.222px;top:32.3px;">Projects in </div><div id="a98198" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:512.848px;top:44.2px;">progress </div><div id="a98200" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.488px;top:44.2px;">2022</div><div id="a98201" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:608.902px;top:44.8px;">3 </div><div id="a98203" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:657.648px;top:44.2px;">2021</div><div id="a98204" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:676.568px;top:44.8px;">3</div><div id="a98206" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:56.9px;">Historical cost </div><div id="a98214" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:70.2px;">Balance at the beginning of the year </div><div id="a98217_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:313.155px;top:70.2px;">13,048</div><div id="a98220_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:386.008px;top:70.2px;">4,174</div><div id="a98223_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:453.702px;top:70.2px;">8,642</div><div id="a98226_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:521.822px;top:70.2px;">1,250</div><div id="a98229_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:70.2px;">27,113</div><div id="a98232_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:653.395px;top:70.2px;">26,238</div><div id="a98235" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:82.9px;">Additions </div><div id="a98237_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:324.968px;top:82.9px;">162</div><div id="a98240_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:393.128px;top:82.9px;">412</div><div id="a98243_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:460.795px;top:82.9px;">300</div><div id="a98246_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:521.822px;top:82.9px;">1,182</div><div id="a98249_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.955px;top:82.9px;">2,057</div><div id="a98252_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:658.115px;top:82.9px;">2,090</div><div id="a98255" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:96.2px;">Disposals / write-offs</div><div id="a98258" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:79.408px;top:96.8px;">4</div><div id="a98260_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:320.248px;top:96.2px;display:flex;">(333)</div><div id="a98263_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:393.128px;top:96.2px;display:flex;">(62)</div><div id="a98266_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:456.062px;top:96.2px;display:flex;">(106)</div><div id="a98269_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:538.848px;top:96.2px;">0</div><div id="a98272_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.328px;top:96.2px;display:flex;">(501)</div><div id="a98275_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.488px;top:96.2px;display:flex;">(751)</div><div id="a98278" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:109.4px;">Reclassifications </div><div id="a98280_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:312.675px;top:109.4px;display:flex;">(1,073)</div><div id="a98283_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:403.062px;top:109.4px;">0</div><div id="a98286_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:453.702px;top:109.4px;">1,151</div><div id="a98289_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:516.622px;top:109.4px;display:flex;">(1,301)</div><div id="a98292_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:109.4px;display:flex;">(1,223)</div><div id="a98295_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:665.208px;top:109.4px;display:flex;">(18)</div><div id="a98298" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:122.7px;">Foreign currency translation </div><div id="a98301_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:320.248px;top:122.7px;display:flex;">(217)</div><div id="a98304_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:393.128px;top:122.7px;display:flex;">(65)</div><div id="a98307_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:460.795px;top:122.7px;display:flex;">(42)</div><div id="a98310_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:538.848px;top:122.7px;">5</div><div id="a98313_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.328px;top:122.7px;display:flex;">(319)</div><div id="a98316_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.488px;top:122.7px;display:flex;">(445)</div><div id="a98319" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:135.9px;">Balance at the end of the year </div><div id="a98321_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:313.155px;top:135.9px;">11,587</div><div id="a98324_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:386.008px;top:135.9px;">4,459</div><div id="a98327_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:453.702px;top:135.9px;">9,944</div><div id="a98330_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:521.822px;top:135.9px;">1,136</div><div id="a98333_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:135.9px;">27,127</div><div id="a98336_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:653.395px;top:135.9px;">27,113</div><div id="a98339" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:149.7px;">Accumulated depreciation </div><div id="a98347" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:162.9px;">Balance at the beginning of the year </div><div id="a98349_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:317.875px;top:162.9px;">8,072</div><div id="a98352_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:386.008px;top:162.9px;">1,346</div><div id="a98355_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:453.702px;top:162.9px;">4,807</div><div id="a98359_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:162.9px;">14,225</div><div id="a98362_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:653.395px;top:162.9px;">13,129</div><div id="a98365" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:175.7px;">Depreciation </div><div id="a98367_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:324.968px;top:175.7px;">577</div><div id="a98370_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:393.128px;top:175.7px;">451</div><div id="a98373_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:453.702px;top:175.7px;">1,005</div><div id="a98377_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.955px;top:175.7px;">2,033</div><div id="a98380_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:658.115px;top:175.7px;">2,078</div><div id="a98383" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:188.9px;">Impairment</div><div id="a98384" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:44.854px;top:189.6px;">5</div><div id="a98386_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:334.902px;top:188.9px;">3</div><div id="a98389_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:403.062px;top:188.9px;">0</div><div id="a98392_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:470.728px;top:188.9px;">0</div><div id="a98396_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.008px;top:188.9px;">3</div><div id="a98399_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:670.408px;top:188.9px;">10</div><div id="a98402" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:202.2px;">Disposals / write-offs</div><div id="a98405" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:79.408px;top:202.8px;">4</div><div id="a98407_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:320.248px;top:202.2px;display:flex;">(332)</div><div id="a98410_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:393.128px;top:202.2px;display:flex;">(59)</div><div id="a98413_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:456.062px;top:202.2px;display:flex;">(106)</div><div id="a98417_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.328px;top:202.2px;display:flex;">(497)</div><div id="a98420_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.488px;top:202.2px;display:flex;">(737)</div><div id="a98423" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:215.4px;">Reclassifications </div><div id="a98425_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:320.248px;top:215.4px;display:flex;">(761)</div><div id="a98428_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:397.862px;top:215.4px;display:flex;">(1)</div><div id="a98431_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:470.728px;top:215.4px;">0</div><div id="a98435_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.328px;top:215.4px;display:flex;">(761)</div><div id="a98438_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:665.208px;top:215.4px;display:flex;">(12)</div><div id="a98441" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:228.7px;">Foreign currency translation </div><div id="a98443_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:320.248px;top:228.7px;display:flex;">(135)</div><div id="a98446_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:393.128px;top:228.7px;display:flex;">(24)</div><div id="a98449_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:465.515px;top:228.7px;display:flex;">(6)</div><div id="a98453_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.328px;top:228.7px;display:flex;">(164)</div><div id="a98456_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.488px;top:228.7px;display:flex;">(243)</div><div id="a98459" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:242.4px;">Balance at the end of the year </div><div id="a98461_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:317.875px;top:242.4px;">7,425</div><div id="a98464_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:386.008px;top:242.4px;">1,714</div><div id="a98467_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:453.702px;top:242.4px;">5,699</div><div id="a98471_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:242.4px;">14,839</div><div id="a98474_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:653.395px;top:242.4px;">14,225</div><div id="a98484" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:267.5px;">Net book value<div style="display:inline-block;width:3.13px"> </div></div><div id="a98492" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:280.7px;">Net book value at the beginning of the year </div><div id="a98494_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:317.875px;top:280.7px;">4,976</div><div id="a98497_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:386.008px;top:280.7px;">2,828</div><div id="a98500_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:453.702px;top:280.7px;">3,835</div><div id="a98503_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:521.822px;top:280.7px;">1,250</div><div id="a98506_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:280.7px;">12,888</div><div id="a98509_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:653.395px;top:280.7px;">13,109</div><div id="a98512" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:294px;">Net book value at the end of the<div style="display:inline-block;width:3.71px"> </div>year </div><div id="a98514_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:317.875px;top:294px;">4,162</div><div id="a98517_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:386.008px;top:294px;">2,746</div><div id="a98520_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:453.702px;top:294px;">4,245</div><div id="a98523_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:518.995px;top:294px;">1,136</div><div id="a98525" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:540.742px;top:294.6px;">6 </div><div id="a98527_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:294px;">12,288</div><div id="a98530_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:653.395px;top:294px;">12,888</div><div id="a98533" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:308px;">1 Includes leasehold<div style="display:inline-block;width:3.95px"> </div>improvements and<div style="display:inline-block;width:3.76px"> </div>IT hardware.<div style="display:inline-block;width:11.82px"> </div>2 Represents<div style="display:inline-block;width:3.64px"> </div>right-of-use assets<div style="display:inline-block;width:4.12px"> </div>recognized by<div style="display:inline-block;width:3.79px"> </div>UBS as lessee.<div style="display:inline-block;width:4.27px"> </div>UBS predominantly<div style="display:inline-block;width:3.78px"> </div>enters into<div style="display:inline-block;width:3.46px"> </div>lease contracts,<div style="display:inline-block;width:4.58px"> </div>or contracts<div style="display:inline-block;width:3.46px"> </div>that include<div style="display:inline-block;width:3.63px"> </div>lease components,<div style="display:inline-block;width:4.5px"> </div>in </div><div id="a98541" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:318px;">relation to real estate, including offices,<div style="display:inline-block;width:3.64px"> </div>retail branches and sales offices. The<div style="display:inline-block;width:3.66px"> </div>total cash outflow for leases during 2022 was<div style="display:inline-block;width:3.72px"> </div>USD </div><div id="a98541_133_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:405.832px;top:318px;">614</div><div id="a98541_136_13" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:418.6px;top:318px;">m (2021: USD </div><div id="a98541_149_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:464.472px;top:318px;">657</div><div id="a98541_152_70" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:477.241px;top:318px;">m). Interest expense on lease liabilities is included within Interest </div><div id="a98544" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:328.4px;">expense from financial<div style="display:inline-block;width:4.26px"> </div>instruments measured<div style="display:inline-block;width:3.62px"> </div>at amortized<div style="display:inline-block;width:3.62px"> </div>cost and Lease<div style="display:inline-block;width:4.11px"> </div>liabilities are<div style="display:inline-block;width:3.62px"> </div>included within Other<div style="display:inline-block;width:4.24px"> </div>financial liabi<div style="display:inline-block;width:1.37px"> </div>lities measured at<div style="display:inline-block;width:4.09px"> </div>amortized cost.<div style="display:inline-block;width:3.77px"> </div>Refer to Notes<div style="display:inline-block;width:3.78px"> </div>3 and 18a,<div style="display:inline-block;width:3.53px"> </div>respectively.<div style="display:inline-block;width:3.84px"> </div>There were<div style="display:inline-block;width:3.8px"> </div>no </div><div id="a98547" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:338.3px;">material gains or losses arising<div style="display:inline-block;width:3.93px"> </div>from sale-and-leaseback<div style="display:inline-block;width:3.59px"> </div>transactions in 2022<div style="display:inline-block;width:3.83px"> </div>and in 2021.<div style="display:inline-block;width:9.84px"> </div>3 The total reclassification<div style="display:inline-block;width:4.12px"> </div>amount for the respective<div style="display:inline-block;width:4.09px"> </div>periods represents<div style="display:inline-block;width:3.62px"> </div>net reclassifications to<div style="display:inline-block;width:3.53px"> </div>Properties and other<div style="display:inline-block;width:3.78px"> </div>non-</div><div id="a98554" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:348.7px;">current assets held for<div style="display:inline-block;width:3.48px"> </div>sale.<div style="display:inline-block;width:8.83px"> </div>4 Includes write-offs<div style="display:inline-block;width:3.43px"> </div>of fully depreciated assets.<div style="display:inline-block;width:10.59px"> </div>5 Impairment charges recorded<div style="display:inline-block;width:3.96px"> </div>in 2022 generally relate<div style="display:inline-block;width:3.69px"> </div>to assets that are no longer<div style="display:inline-block;width:3.95px"> </div>used,<div style="display:inline-block;width:2.59px"> </div>for which the recoverable<div style="display:inline-block;width:3.62px"> </div>amount based on </div><div id="a98559" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:358.7px;">a value in use approach was<div style="display:inline-block;width:3.81px"> </div>determined to be zero.<div style="display:inline-block;width:9.62px"> </div>6 Consists of USD </div><div id="a98559_72_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:232.563px;top:358.7px;">939</div><div id="a98559_75_30" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:245.332px;top:358.7px;">m related to software<div style="display:inline-block;width:3.62px"> </div>and USD </div><div id="a98559_105_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:344.641px;top:358.7px;">197</div><div id="a98559_108_44" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:357.409px;top:358.7px;">m related to Owned properties<div style="display:inline-block;width:3.86px"> </div>and equipment.</div></div> 13048000000 4174000000 8642000000 1250000000 27113000000 26238000000 162000000 412000000 300000000 1182000000 2057000000 2090000000 333000000 62000000 106000000 0 501000000 751000000 -1073000000 0 1151000000 -1301000000 -1223000000 -18000000 -217000000 -65000000 -42000000 5000000 -319000000 -445000000 11587000000 4459000000 9944000000 1136000000 27127000000 27113000000 8072000000 1346000000 4807000000 14225000000 13129000000 577000000 451000000 1005000000 2033000000 2078000000 3000000 0 0 3000000 10000000 332000000 59000000 106000000 497000000 737000000 -761000000 -1000000 0 -761000000 -12000000 -135000000 -24000000 -6000000 -164000000 -243000000 7425000000 1714000000 5699000000 14839000000 14225000000 4976000000 2828000000 3835000000 1250000000 12888000000 13109000000 4162000000 2746000000 4245000000 1136000000 12288000000 12888000000 614000000 657000000 939000000 197000000 <div id="TextBlockContainer378" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:316px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a98566" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 12<div style="display:inline-block;width:8.21px"> </div>Goodwill and intangible assets </div><div id="a98571" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#E60000;left:4.905px;top:27px;">Introduction </div><div id="a98573" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:50px;">UBS performs an impairment test on<div style="display:inline-block;width:5.38px"> </div>its goodwill assets on an<div style="display:inline-block;width:5.19px"> </div>annual basis or when indicators of impairment exist.<div style="display:inline-block;width:5.44px"> </div></div><div id="a98575" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:72.7px;">UBS considers Asset Management<div style="display:inline-block;width:1.48px"> </div>,<div style="display:inline-block;width:3.89px"> </div>as it is reported in Note 2a,<div style="display:inline-block;width:4.28px"> </div>as a separate cash-generating unit (a<div style="display:inline-block;width:4.39px"> </div>CGU),<div style="display:inline-block;width:4.23px"> </div>as that is the </div><div id="a98593" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:87.8px;">level at which the performance<div style="display:inline-block;width:2.32px"> </div>of investment (and the related goodwill) is reviewed and assessed by management.<div style="display:inline-block;width:2.32px"> </div>Given </div><div id="a98595" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:103.5px;">that a<div style="display:inline-block;width:5.68px"> </div>significant<div style="display:inline-block;width:5.04px"> </div>amount<div style="display:inline-block;width:5.5px"> </div>of goodwill<div style="display:inline-block;width:6.43px"> </div>in Global<div style="display:inline-block;width:5.97px"> </div>Wealth<div style="display:inline-block;width:5.18px"> </div>Management<div style="display:inline-block;width:5.08px"> </div>relates<div style="display:inline-block;width:5.08px"> </div>to the<div style="display:inline-block;width:6.35px"> </div>PaineWebber<div style="display:inline-block;width:5.12px"> </div>acquisition<div style="display:inline-block;width:5.39px"> </div>in 2000, </div><div id="a98596" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:118.6px;">which mainly affected the Americas portion of<div style="display:inline-block;width:2.85px"> </div>the business, this goodwill remains separately monitored by<div style="display:inline-block;width:2.33px"> </div>the Americas, </div><div id="a98600" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:133.7px;">despite the<div style="display:inline-block;width:6.02px"> </div>formation<div style="display:inline-block;width:5.09px"> </div>of Global<div style="display:inline-block;width:5.92px"> </div>Wealth Management<div style="display:inline-block;width:6.11px"> </div>in 2018.<div style="display:inline-block;width:7.02px"> </div>Therefore,<div style="display:inline-block;width:5.29px"> </div>goodwill for<div style="display:inline-block;width:5.33px"> </div>Global Wealth<div style="display:inline-block;width:6.33px"> </div>Management<div style="display:inline-block;width:5.08px"> </div>is </div><div id="a98603" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:149.3px;">separately considered for<div style="display:inline-block;width:5.11px"> </div>impairment at the level<div style="display:inline-block;width:5.05px"> </div>of two CGUs:<div style="display:inline-block;width:5.02px"> </div>Americas; and<div style="display:inline-block;width:5.18px"> </div>Switzerland and<div style="display:inline-block;width:5.03px"> </div>International (consisting </div><div id="a98605" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:164.5px;">of EMEA, Asia Pacific and Global). </div><div id="a98607" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:187.7px;">The impairment<div style="display:inline-block;width:6.04px"> </div>test is<div style="display:inline-block;width:5.47px"> </div>performed<div style="display:inline-block;width:5.2px"> </div>for each<div style="display:inline-block;width:6.15px"> </div>CGU to<div style="display:inline-block;width:6.03px"> </div>which goodwill<div style="display:inline-block;width:6.58px"> </div>is allocated<div style="display:inline-block;width:5.56px"> </div>by comparing<div style="display:inline-block;width:6.45px"> </div>the recoverable<div style="display:inline-block;width:5.66px"> </div>amount </div><div id="a98608" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:202.8px;">with the carrying amount of the respective<div style="display:inline-block;width:5.11px"> </div>CGU. UBS determines the recoverable<div style="display:inline-block;width:5.33px"> </div>amount<div style="display:inline-block;width:5.03px"> </div>of the respective CGUs based </div><div id="a98613" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:217.9px;">on their value in use. An<div style="display:inline-block;width:5.2px"> </div>impairment charge is recognized if the carrying<div style="display:inline-block;width:5.17px"> </div>amount exceeds the recoverable amount. </div><div id="a98615" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:240.7px;">As<div style="display:inline-block;width:5.4px"> </div>of<div style="display:inline-block;width:5.25px"> </div>31 December<div style="display:inline-block;width:5.59px"> </div>2022,<div style="display:inline-block;width:6.18px"> </div>total goodwill<div style="display:inline-block;width:6.64px"> </div>recognized<div style="display:inline-block;width:5.59px"> </div>on<div style="display:inline-block;width:5.61px"> </div>the<div style="display:inline-block;width:5.25px"> </div>balance<div style="display:inline-block;width:5.3px"> </div>sheet<div style="display:inline-block;width:5.3px"> </div>was<div style="display:inline-block;width:5.36px"> </div>USD </div><div id="a98615_79_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:498.458px;top:240.7px;">6.0</div><div id="a98615_82_17" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:517.385px;top:240.7px;">bn,<div style="display:inline-block;width:5.23px"> </div>of<div style="display:inline-block;width:5.25px"> </div>which<div style="display:inline-block;width:5.4px"> </div>USD </div><div id="a98615_99_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:625.258px;top:240.7px;">3.7</div><div id="a98615_102_7" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:644.178px;top:240.7px;">bn<div style="display:inline-block;width:5.16px"> </div>was </div><div id="a98630" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:255.8px;">carried by the<div style="display:inline-block;width:5.99px"> </div>Global Wealth<div style="display:inline-block;width:5.38px"> </div>Management Americas<div style="display:inline-block;width:5.72px"> </div>CGU, USD </div><div id="a98630_58_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:374.938px;top:255.8px;">1.2</div><div id="a98630_61_47" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:393.885px;top:255.8px;">bn was<div style="display:inline-block;width:5.39px"> </div>carried by the<div style="display:inline-block;width:5.52px"> </div>Global Wealth<div style="display:inline-block;width:5.38px"> </div>Management </div><div id="a98636" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:271.4px;">Switzerland and International CGU, and USD </div><div id="a98636_43_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:262.792px;top:271.4px;">1.2</div><div id="a98636_46_68" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:281.712px;top:271.4px;">bn was carried by Asset Management. Based on the impairment testing </div><div id="a98645" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:286.6px;">methodology<div style="display:inline-block;width:5.4px"> </div>described below,<div style="display:inline-block;width:6.27px"> </div>UBS<div style="display:inline-block;width:5.08px"> </div>concluded that<div style="display:inline-block;width:5.7px"> </div>the goodwill<div style="display:inline-block;width:5.96px"> </div>balances as<div style="display:inline-block;width:5.98px"> </div>of 31<div style="display:inline-block;width:5.03px"> </div>December 202<div style="display:inline-block;width:1.57px"> </div>2<div style="display:inline-block;width:4.93px"> </div>allocated to<div style="display:inline-block;width:5.67px"> </div>these </div><div id="a98653" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:302.2px;">CGUs were not impaired.</div></div><div id="TextBlockContainer380" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:685px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a98699" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Methodology for goodwill impairment<div style="display:inline-block;width:5.56px"> </div>testing </div><div id="a98701" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23px;">The recoverable<div style="display:inline-block;width:6.28px"> </div>amounts<div style="display:inline-block;width:5.08px"> </div>are determined<div style="display:inline-block;width:6.5px"> </div>using<div style="display:inline-block;width:5.28px"> </div>a discounted<div style="display:inline-block;width:6.38px"> </div>cash flow<div style="display:inline-block;width:5.88px"> </div>model, which<div style="display:inline-block;width:5.29px"> </div>has been<div style="display:inline-block;width:6.44px"> </div>adapted to<div style="display:inline-block;width:5.81px"> </div>use inputs </div><div id="a98703" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.7px;">that consider features<div style="display:inline-block;width:5.06px"> </div>of the banking business<div style="display:inline-block;width:5.55px"> </div>and its regulatory environment.<div style="display:inline-block;width:5.7px"> </div>The recoverable<div style="display:inline-block;width:5.34px"> </div>amount of a CGU<div style="display:inline-block;width:5.5px"> </div>is the </div><div id="a98706" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">sum of the<div style="display:inline-block;width:5.61px"> </div>discounted<div style="display:inline-block;width:5.33px"> </div>earnings attributable<div style="display:inline-block;width:5.72px"> </div>to shareholders<div style="display:inline-block;width:6.27px"> </div>from the<div style="display:inline-block;width:5.34px"> </div>first three<div style="display:inline-block;width:5.87px"> </div>forecast<div style="display:inline-block;width:5.03px"> </div>years and<div style="display:inline-block;width:5.4px"> </div>the terminal<div style="display:inline-block;width:5.84px"> </div>value, </div><div id="a98708" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:68.9px;">adjusted for the effect of the capital<div style="display:inline-block;width:2.18px"> </div>assumed to be needed over the next three years and to support growth beyond that </div><div id="a98711" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:84.5px;">period. The<div style="display:inline-block;width:5.49px"> </div>terminal value,<div style="display:inline-block;width:5.31px"> </div>which covers<div style="display:inline-block;width:5.68px"> </div>all periods<div style="display:inline-block;width:5.5px"> </div>beyond the<div style="display:inline-block;width:5.49px"> </div>third year,<div style="display:inline-block;width:7.23px"> </div>is calculated<div style="display:inline-block;width:5.36px"> </div>on the<div style="display:inline-block;width:5.29px"> </div>basis of<div style="display:inline-block;width:5.55px"> </div>the forecast<div style="display:inline-block;width:5.18px"> </div>of </div><div id="a98713" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.7px;">the third-year profit, the<div style="display:inline-block;width:5.08px"> </div>discount rate and the long<div style="display:inline-block;width:1.62px"> </div>-term growth rate, as well as the<div style="display:inline-block;width:5.22px"> </div>implied perpetual capital growth. </div><div id="a98720" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:122.9px;">The carrying amount for<div style="display:inline-block;width:5.03px"> </div>each CGU is determined<div style="display:inline-block;width:5.23px"> </div>by reference to the<div style="display:inline-block;width:5.16px"> </div>Group’s equity<div style="display:inline-block;width:5.05px"> </div>attribution framework. Within<div style="display:inline-block;width:5.51px"> </div>this </div><div id="a98724" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:138px;">framework,<div style="display:inline-block;width:5.47px"> </div>which<div style="display:inline-block;width:5.4px"> </div>is<div style="display:inline-block;width:5.15px"> </div>described<div style="display:inline-block;width:5.4px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the<div style="display:inline-block;width:5.25px"> </div>“Capital,<div style="display:inline-block;width:5.5px"> </div>liquidity<div style="display:inline-block;width:5.51px"> </div>and<div style="display:inline-block;width:5.61px"> </div>funding,<div style="display:inline-block;width:6.06px"> </div>and<div style="display:inline-block;width:5.13px"> </div>balance<div style="display:inline-block;width:5.3px"> </div>sheet”<div style="display:inline-block;width:5.5px"> </div>section<div style="display:inline-block;width:5.2px"> </div>of<div style="display:inline-block;width:5.25px"> </div>this<div style="display:inline-block;width:5.2px"> </div>report,<div style="display:inline-block;width:5.49px"> </div>UBS </div><div id="a98725" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:153.1px;">attributes equity to the businesses on the<div style="display:inline-block;width:2.03px"> </div>basis of their<div style="display:inline-block;width:2.14px"> </div>risk-weighted assets and leverage ratio denominator (both metrics </div><div id="a98734" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:168.3px;">include resource allocations from Group Functions to the business divisions), their goodwill and their intangible assets, as </div><div id="a98737" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183.9px;">well as<div style="display:inline-block;width:5.72px"> </div>attributed equity<div style="display:inline-block;width:5.61px"> </div>related to<div style="display:inline-block;width:5.86px"> </div>certain common<div style="display:inline-block;width:6.1px"> </div>equity tier 1<div style="display:inline-block;width:5.68px"> </div>deduction<div style="display:inline-block;width:5.28px"> </div>items. The<div style="display:inline-block;width:5.72px"> </div>framework is<div style="display:inline-block;width:5.42px"> </div>primarily used<div style="display:inline-block;width:6.13px"> </div>for </div><div id="a98744" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:199px;">the purpose of measuring the performance of the businesses<div style="display:inline-block;width:5.35px"> </div>and includes certain management assumptions. Attributed </div><div id="a98745" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:214.6px;">equity </div><div id="a98746" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:47.025px;top:214.6px;">is </div><div id="a98747" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:62.632px;top:214.6px;">equal</div><div id="a98748" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:93.872px;top:214.6px;"> </div><div id="a98749" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:101.445px;top:214.6px;">to</div><div id="a98750" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:113.258px;top:214.6px;"> </div><div id="a98751" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:120.832px;top:214.6px;">the<div style="display:inline-block;width:7.62px"> </div>capital<div style="display:inline-block;width:7.2px"> </div>a<div style="display:inline-block;width:7.57px"> </div>CGU<div style="display:inline-block;width:7.77px"> </div>requires<div style="display:inline-block;width:8.09px"> </div>to<div style="display:inline-block;width:7.62px"> </div>conduct<div style="display:inline-block;width:7.82px"> </div>its<div style="display:inline-block;width:7.36px"> </div>business<div style="display:inline-block;width:8.22px"> </div>and<div style="display:inline-block;width:7.5px"> </div>is<div style="display:inline-block;width:7.04px"> </div>currently<div style="display:inline-block;width:7.71px"> </div>considered<div style="display:inline-block;width:8.2px"> </div>a<div style="display:inline-block;width:7.57px"> </div>reasonable </div><div id="a98752" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:229.8px;">approximation<div style="display:inline-block;width:5.11px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>carrying amount<div style="display:inline-block;width:5.76px"> </div>of the<div style="display:inline-block;width:5.4px"> </div>CGUs.<div style="display:inline-block;width:5.08px"> </div>The attributed<div style="display:inline-block;width:5.4px"> </div>equity methodology<div style="display:inline-block;width:6.32px"> </div>is also<div style="display:inline-block;width:6.1px"> </div>applied in<div style="display:inline-block;width:5.39px"> </div>the business </div><div id="a98756" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:245.4px;">planning process, the inputs<div style="display:inline-block;width:5.36px"> </div>from which are used in calculating the recoverable amounts<div style="display:inline-block;width:5.87px"> </div>of the respective CGU. </div><div id="a98758" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:257.1px;">›</div><div id="a98759" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:257.3px;"> </div><div id="a98760" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:262px;">Refer to the “Capital,<div style="display:inline-block;width:0.8px"> </div>liquidity and funding,<div style="display:inline-block;width:1.37px"> </div>and balance sheet”<div style="display:inline-block;width:1.3px"> </div>section of this<div style="display:inline-block;width:1.41px"> </div>report for more information<div style="display:inline-block;width:0.43px"> </div>about the equity </div><div id="a98767" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:276.6px;">attribution framework </div><div id="a98769" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:304.7px;">Assumptions </div><div id="a98771" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:327.7px;">Valuation<div style="display:inline-block;width:5.18px"> </div>parameters used<div style="display:inline-block;width:5.4px"> </div>within the Group’s<div style="display:inline-block;width:5.88px"> </div>impairment test model are<div style="display:inline-block;width:5.55px"> </div>linked to<div style="display:inline-block;width:5.08px"> </div>external market information,<div style="display:inline-block;width:5.34px"> </div>where </div><div id="a98772" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:343.3px;">applicable. The<div style="display:inline-block;width:5.26px"> </div>model used<div style="display:inline-block;width:5.43px"> </div>to determine<div style="display:inline-block;width:5.77px"> </div>the recoverable<div style="display:inline-block;width:5.66px"> </div>amount<div style="display:inline-block;width:5.03px"> </div>is most<div style="display:inline-block;width:5.2px"> </div>sensitive to<div style="display:inline-block;width:6.04px"> </div>changes in<div style="display:inline-block;width:5.38px"> </div>the forecast<div style="display:inline-block;width:5.18px"> </div>earnings </div><div id="a98775" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:358.5px;">available to shareholders in years one to<div style="display:inline-block;width:5.12px"> </div>three, to changes in the discount rates and to changes<div style="display:inline-block;width:5.24px"> </div>in the long-term growth </div><div id="a98778" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:374.1px;">rate. The applied<div style="display:inline-block;width:5.84px"> </div>long-term growth<div style="display:inline-block;width:5.43px"> </div>rate is based<div style="display:inline-block;width:5.5px"> </div>on long-term economic<div style="display:inline-block;width:5.27px"> </div>growth rates<div style="display:inline-block;width:5.69px"> </div>for different regions<div style="display:inline-block;width:6.11px"> </div>worldwide. </div><div id="a98787" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:389.2px;">Earnings<div style="display:inline-block;width:5.36px"> </div>available to<div style="display:inline-block;width:6.46px"> </div>shareholders<div style="display:inline-block;width:5.94px"> </div>are<div style="display:inline-block;width:5.29px"> </div>estimated<div style="display:inline-block;width:5.36px"> </div>on<div style="display:inline-block;width:5.61px"> </div>the<div style="display:inline-block;width:5.25px"> </div>basis<div style="display:inline-block;width:5.4px"> </div>of<div style="display:inline-block;width:5.25px"> </div>forecast<div style="display:inline-block;width:5.03px"> </div>results,<div style="display:inline-block;width:5.43px"> </div>which<div style="display:inline-block;width:5.88px"> </div>are<div style="display:inline-block;width:5.29px"> </div>part<div style="display:inline-block;width:5.1px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>business<div style="display:inline-block;width:5.85px"> </div>plan </div><div id="a98788" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:404.8px;">approved by the Board<div style="display:inline-block;width:5.53px"> </div>of Directors. </div><div id="a98790" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:427.5px;">The<div style="display:inline-block;width:5.88px"> </div>discount<div style="display:inline-block;width:6.07px"> </div>rates<div style="display:inline-block;width:5.42px"> </div>are<div style="display:inline-block;width:5.76px"> </div>determined<div style="display:inline-block;width:5.72px"> </div>by<div style="display:inline-block;width:5.8px"> </div>applying<div style="display:inline-block;width:6.07px"> </div>a<div style="display:inline-block;width:5.2px"> </div>capital<div style="display:inline-block;width:5.31px"> </div>asset<div style="display:inline-block;width:5.62px"> </div>pricing<div style="display:inline-block;width:5.72px"> </div>model-based<div style="display:inline-block;width:6.76px"> </div>approach,<div style="display:inline-block;width:6px"> </div>as<div style="display:inline-block;width:5.25px"> </div>well<div style="display:inline-block;width:5.57px"> </div>as<div style="display:inline-block;width:5.72px"> </div>considering </div><div id="a98794" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:442.7px;">quantitative and qualitative inputs from both internal and external analysts and<div style="display:inline-block;width:5.03px"> </div>the view of management. They also take </div><div id="a98800" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:457.8px;">into account<div style="display:inline-block;width:5.03px"> </div>regional differences<div style="display:inline-block;width:5.96px"> </div>in risk-free<div style="display:inline-block;width:5.58px"> </div>rates at the<div style="display:inline-block;width:5.58px"> </div>level of<div style="display:inline-block;width:5.45px"> </div>the individual<div style="display:inline-block;width:5.62px"> </div>CGUs. In<div style="display:inline-block;width:5.31px"> </div>line with discount<div style="display:inline-block;width:5.85px"> </div>rates, long-</div><div id="a98810" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:473.4px;">term growth rates are determined at the regional<div style="display:inline-block;width:5.42px"> </div>level based on nominal<div style="display:inline-block;width:5.26px"> </div>GDP growth rate forecasts. </div><div id="a98813" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:496.1px;">Key<div style="display:inline-block;width:5.9px"> </div>assumptions<div style="display:inline-block;width:6.69px"> </div>used<div style="display:inline-block;width:6.13px"> </div>to<div style="display:inline-block;width:5.72px"> </div>determine<div style="display:inline-block;width:6.93px"> </div>the<div style="display:inline-block;width:6.2px"> </div>recoverable<div style="display:inline-block;width:6.92px"> </div>amounts<div style="display:inline-block;width:6.5px"> </div>of<div style="display:inline-block;width:5.72px"> </div>each<div style="display:inline-block;width:6.41px"> </div>CGU<div style="display:inline-block;width:5.91px"> </div>are<div style="display:inline-block;width:6.23px"> </div>tested<div style="display:inline-block;width:6.57px"> </div>for<div style="display:inline-block;width:5.57px"> </div>sensitivity<div style="display:inline-block;width:6.84px"> </div>by<div style="display:inline-block;width:6.15px"> </div>applying<div style="display:inline-block;width:6.55px"> </div>a </div><div id="a98816" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:511.3px;">reasonably possible<div style="display:inline-block;width:6.71px"> </div>change<div style="display:inline-block;width:5.13px"> </div>to those<div style="display:inline-block;width:5.18px"> </div>assumptions.<div style="display:inline-block;width:5.85px"> </div>Forecast earnings<div style="display:inline-block;width:6.66px"> </div>available<div style="display:inline-block;width:5.36px"> </div>to shareholders<div style="display:inline-block;width:6.09px"> </div>were<div style="display:inline-block;width:5.39px"> </div>changed by </div><div id="a98816_109_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:652.786px;top:511.3px;">20</div><div id="a98816_111_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:667.919px;top:511.3px;">%, </div><div id="a98817" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:526.4px;">the<div style="display:inline-block;width:7.62px"> </div>discount<div style="display:inline-block;width:7.96px"> </div>rates<div style="display:inline-block;width:8.25px"> </div>were<div style="display:inline-block;width:7.76px"> </div>changed</div><div id="a98818" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:206.965px;top:526.4px;"> </div><div id="a98819" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:214.525px;top:526.4px;">by </div><div id="a98819_3_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:235.333px;top:526.4px;">1.5</div><div id="a98820" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:254.285px;top:526.4px;"> </div><div id="a98821" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:258.072px;top:526.4px;">percentage<div style="display:inline-block;width:8.38px"> </div>points</div><div id="a98822" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:364.538px;top:526.4px;">,</div><div id="a98823" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:368.312px;top:526.4px;"> </div><div id="a98824" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:375.885px;top:526.4px;">and<div style="display:inline-block;width:7.97px"> </div>the<div style="display:inline-block;width:7.62px"> </div>long</div><div id="a98825" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:456.818px;top:526.4px;">-</div><div id="a98826" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:461.072px;top:526.4px;">term<div style="display:inline-block;width:8.53px"> </div>growth<div style="display:inline-block;width:8.21px"> </div>rates<div style="display:inline-block;width:7.31px"> </div>were<div style="display:inline-block;width:7.76px"> </div>changed<div style="display:inline-block;width:8.65px"> </div>by </div><div id="a98827" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:542px;">0.75</div><div id="a98827_4_109" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:31.42px;top:542px;"><div style="display:inline-block;width:3.78px"> </div>percentage<div style="display:inline-block;width:6.49px"> </div>points.<div style="display:inline-block;width:7.12px"> </div>Under<div style="display:inline-block;width:7.03px"> </div>all<div style="display:inline-block;width:6.41px"> </div>scenarios,<div style="display:inline-block;width:7.71px"> </div>reasonably<div style="display:inline-block;width:7.06px"> </div>possible<div style="display:inline-block;width:7.59px"> </div>changes<div style="display:inline-block;width:7.07px"> </div>in<div style="display:inline-block;width:6.25px"> </div>key<div style="display:inline-block;width:6.89px"> </div>assumptions<div style="display:inline-block;width:7.17px"> </div>did<div style="display:inline-block;width:6.45px"> </div>not<div style="display:inline-block;width:6.87px"> </div>result<div style="display:inline-block;width:7.17px"> </div>in<div style="display:inline-block;width:6.25px"> </div>an </div><div id="a98830" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:557.1px;">impairment<div style="display:inline-block;width:8.09px"> </div>of<div style="display:inline-block;width:8.09px"> </div>goodwill<div style="display:inline-block;width:8.17px"> </div>or<div style="display:inline-block;width:8.09px"> </div>intangible</div><div id="a98831" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:231.085px;top:557.1px;"> </div><div id="a98832" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:238.685px;top:557.1px;">assets</div><div id="a98833" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:272.258px;top:557.1px;"> </div><div id="a98834" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:279.818px;top:557.1px;">reported<div style="display:inline-block;width:8.43px"> </div>by<div style="display:inline-block;width:8.04px"> </div>Global<div style="display:inline-block;width:8.13px"> </div>Wealth</div><div id="a98835" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:443.538px;top:557.1px;"> </div><div id="a98836" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:451.138px;top:557.1px;">Management<div style="display:inline-block;width:8.39px"> </div>Americas,<div style="display:inline-block;width:8.68px"> </div>Global<div style="display:inline-block;width:8.13px"> </div>Wealth </div><div id="a98837" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:572.8px;">Management Switzerland<div style="display:inline-block;width:5.99px"> </div>and International,<div style="display:inline-block;width:5.7px"> </div>and Asset Management. </div><div id="a98842" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:595.5px;">If the estimated earnings and other assumptions in future<div style="display:inline-block;width:2.28px"> </div>periods deviate from the current<div style="display:inline-block;width:1.99px"> </div>outlook, the value of goodwill </div><div id="a98843" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:610.6px;">attributable to<div style="display:inline-block;width:6.09px"> </div>Global Wealth<div style="display:inline-block;width:5.85px"> </div>Management<div style="display:inline-block;width:5.2px"> </div>Americas, Global<div style="display:inline-block;width:6.04px"> </div>Wealth Management<div style="display:inline-block;width:6.27px"> </div>Switzerland and<div style="display:inline-block;width:6.45px"> </div>International,<div style="display:inline-block;width:5.23px"> </div>and </div><div id="a98848" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:626.2px;">Asset Management may become impaired in the future, giving rise to<div style="display:inline-block;width:2.32px"> </div>losses in the income statement. Recognition of any </div><div id="a98851" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:641.4px;">impairment<div style="display:inline-block;width:5.26px"> </div>of<div style="display:inline-block;width:5.25px"> </div>goodwill<div style="display:inline-block;width:5.8px"> </div>would<div style="display:inline-block;width:5.81px"> </div>reduce<div style="display:inline-block;width:5.02px"> </div>International<div style="display:inline-block;width:5.66px"> </div>Financial R<div style="display:inline-block;width:1.45px"> </div>eporting<div style="display:inline-block;width:5.63px"> </div>Standards<div style="display:inline-block;width:5.35px"> </div>equity<div style="display:inline-block;width:5.15px"> </div>and<div style="display:inline-block;width:5.61px"> </div>net<div style="display:inline-block;width:5.25px"> </div>profit.<div style="display:inline-block;width:5.39px"> </div>It would<div style="display:inline-block;width:6.6px"> </div>not </div><div id="a98861" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:656.5px;">affect cash flows and, as goodwill is required to be deducted from capital<div style="display:inline-block;width:2.14px"> </div>under the Basel III capital framework, no effect </div><div id="a98864" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:672.1px;">would be expected on<div style="display:inline-block;width:5.16px"> </div>the Group’s capital ratios.</div></div><div id="TextBlockContainer384" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:81px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_382_XBRL_TS_1203f2d87448446aa31904f3b54358d7" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer383" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:81px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a98867" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Discount and growth rates </div><div id="a98877" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:445.182px;top:14.9px;">Discount rates </div><div id="a98880" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:589.488px;top:14.9px;">Growth rates </div><div id="a98882" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:28.6px;">In % </div><div id="a98885" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.222px;top:28.6px;">31.12.22 </div><div id="a98887" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:502.915px;top:28.6px;">31.12.21 </div><div id="a98890" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.195px;top:28.6px;">31.12.22 </div><div id="a98892" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:645.315px;top:28.6px;">31.12.21 </div><div id="a98894" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:42.3px;">Global Wealth Management Americas </div><div id="a98897_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.808px;top:42.3px;">10.5</div><div id="a98900_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:524.662px;top:42.3px;">9.5</div><div id="a98904_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.475px;top:42.3px;">3.8</div><div id="a98907_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:667.102px;top:42.3px;">4.0</div><div id="a98910" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:56.5px;">Global Wealth Management Switzerland and International </div><div id="a98913_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.528px;top:56.5px;">9.4</div><div id="a98916_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:524.662px;top:56.5px;">8.5</div><div id="a98920_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.475px;top:56.5px;">3.6</div><div id="a98923_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:667.102px;top:56.5px;">3.1</div><div id="a98926" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:70.7px;">Asset Management </div><div id="a98929_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.528px;top:70.7px;">9.5</div><div id="a98932_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:524.662px;top:70.7px;">8.5</div><div id="a98936_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.475px;top:70.7px;">3.4</div><div id="a98939_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:667.102px;top:70.7px;">2.9</div></div></div></div><div id="TextBlockContainer388" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:316px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_386_XBRL_TS_55c0eca8e1ca45c49e843980f30dd447" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer387" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:316px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a98981" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:11.8px;">USD m </div><div id="a98984" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:437.084px;top:11.8px;">Goodwill </div><div id="a98987" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:507.617px;top:0px;">Intangible </div><div id="a98988" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.964px;top:11.8px;">assets</div><div id="a98989" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:540.724px;top:12.5px;">1</div><div id="a98992" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:584.724px;top:11.8px;">2022 </div><div id="a98994" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.844px;top:11.8px;">2021 </div><div id="a98996" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:24.6px;">Historical cost </div><div id="a99005" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:39.3px;">Balance at the beginning of the year </div><div id="a99008_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.004px;top:39.3px;">6,126</div><div id="a99012_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:522.27px;top:39.3px;">1,612</div><div id="a99016_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:582.364px;top:39.3px;">7,739</div><div id="a99019_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:39.3px;">7,865</div><div id="a99022" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:53.5px;">Additions </div><div id="a99025_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.017px;top:53.5px;">0</div><div id="a99029_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.297px;top:53.5px;">0</div><div id="a99033_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:599.417px;top:53.5px;">0</div><div id="a99036_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:53.5px;">1</div><div id="a99039" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:67.7px;">Disposals</div><div id="a99040" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:36.789px;top:68.3px;">2</div><div id="a99043_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.097px;top:67.7px;display:flex;">(22)</div><div id="a99047_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.297px;top:67.7px;">0</div><div id="a99051_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.937px;top:67.7px;display:flex;">(22)</div><div id="a99054_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:67.7px;display:flex;">(3)</div><div id="a99057" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:82.3px;">Write-offs </div><div id="a99062_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.017px;top:82.3px;">0</div><div id="a99066_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.297px;top:82.3px;">0</div><div id="a99070_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:599.417px;top:82.3px;">0</div><div id="a99073_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:82.3px;display:flex;">(41)</div><div id="a99076" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:96.5px;">Foreign currency translation </div><div id="a99080_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.097px;top:96.5px;display:flex;">(61)</div><div id="a99084_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:529.364px;top:96.5px;display:flex;">(14)</div><div id="a99088_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.937px;top:96.5px;display:flex;">(76)</div><div id="a99091_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:96.5px;display:flex;">(83)</div><div id="a99094" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:110.3px;">Balance at the end of the year </div><div id="a99097_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.004px;top:110.3px;">6,043</div><div id="a99101_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:522.27px;top:110.3px;">1,598</div><div id="a99105_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:582.364px;top:110.3px;">7,641</div><div id="a99108_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:110.3px;">7,739</div><div id="a99111" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:124.4px;">Accumulated amortization and<div style="display:inline-block;width:3.74px"> </div>impairment </div><div id="a99120" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:138.6px;">Balance at the beginning of the year </div><div id="a99125_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:522.27px;top:138.6px;">1,360</div><div id="a99129_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:582.364px;top:138.6px;">1,360</div><div id="a99132_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:138.6px;">1,385</div><div id="a99135" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:153.3px;">Amortization </div><div id="a99140_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:534.577px;top:153.3px;">26</div><div id="a99144_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:594.657px;top:153.3px;">26</div><div id="a99147_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:153.3px;">31</div><div id="a99150" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:167.5px;">Impairment / (reversal of impairment) </div><div id="a99155_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:534.097px;top:167.5px;display:flex;">(1)</div><div id="a99159_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:594.657px;top:167.5px;display:flex;">(1)</div><div id="a99162_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:167.5px;display:flex;">(1)</div><div id="a99165" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:181.7px;">Write-offs </div><div id="a99172_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.297px;top:181.7px;">0</div><div id="a99176_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:599.417px;top:181.7px;">0</div><div id="a99179_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:181.7px;display:flex;">(41)</div><div id="a99182" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:196.4px;">Foreign currency translation </div><div id="a99187_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:529.364px;top:196.4px;display:flex;">(11)</div><div id="a99191_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.937px;top:196.4px;display:flex;">(11)</div><div id="a99194_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:196.4px;display:flex;">(13)</div><div id="a99197" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:210.1px;">Balance at the end of the year </div><div id="a99202_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:522.27px;top:210.1px;">1,374</div><div id="a99206_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:582.364px;top:210.1px;">1,374</div><div id="a99209_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:210.1px;">1,360</div><div id="a99212" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:224.3px;">Net book value at the end of the<div style="display:inline-block;width:3.71px"> </div>year </div><div id="a99215_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.004px;top:224.3px;">6,043</div><div id="a99219_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:529.364px;top:224.3px;">224</div><div id="a99223_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:582.364px;top:224.3px;">6,267</div><div id="a99226_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:224.3px;">6,378</div><div id="a99229" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:239.4px;">of which: Global Wealth Management Americas </div><div id="a99232_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:448.004px;top:239.4px;">3,709</div><div id="a99236_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:534.577px;top:239.4px;">31</div><div id="a99240_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:582.364px;top:239.4px;">3,740</div><div id="a99243_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.47px;top:239.4px;">3,760</div><div id="a99246" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:253.6px;">of which: Global Wealth Management Switzerland<div style="display:inline-block;width:3.8px"> </div>and International </div><div id="a99249_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:448.004px;top:253.6px;">1,166</div><div id="a99253_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:534.577px;top:253.6px;">59</div><div id="a99257_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:582.364px;top:253.6px;">1,225</div><div id="a99260_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.47px;top:253.6px;">1,276</div><div id="a99263" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:267.8px;">of which: Asset Management </div><div id="a99266_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:448.004px;top:267.8px;">1,167</div><div id="a99270_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.297px;top:267.8px;">0</div><div id="a99274_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:582.364px;top:267.8px;">1,167</div><div id="a99277_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.47px;top:267.8px;">1,202</div><div id="a99280" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:282.5px;">of which: Investment Bank </div><div id="a99284_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:465.017px;top:282.5px;">0</div><div id="a99288_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:529.364px;top:282.5px;">135</div><div id="a99292_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:589.457px;top:282.5px;">135</div><div id="a99295_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:658.564px;top:282.5px;">139</div><div id="a99298" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:296.5px;">1 Intangible<div style="display:inline-block;width:4.12px"> </div>assets mainly<div style="display:inline-block;width:4.41px"> </div>include customer<div style="display:inline-block;width:4.4px"> </div>relationships,<div style="display:inline-block;width:4.09px"> </div>contractual<div style="display:inline-block;width:3.47px"> </div>rights<div style="display:inline-block;width:3.46px"> </div>and the<div style="display:inline-block;width:3.79px"> </div>fully amortized<div style="display:inline-block;width:4.57px"> </div>branch<div style="display:inline-block;width:3.63px"> </div>network intangible<div style="display:inline-block;width:4.98px"> </div>asset recognized<div style="display:inline-block;width:4.57px"> </div>in connection<div style="display:inline-block;width:3.93px"> </div>with<div style="display:inline-block;width:3.47px"> </div>the acquisition<div style="display:inline-block;width:4.41px"> </div>of PaineWebber<div style="display:inline-block;width:5.05px"> </div>Group,<div style="display:inline-block;width:3.62px"> </div>Inc.<div style="display:inline-block;width:6.47px"> </div></div><div id="a99300" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:306.9px;">2 Reflects the derecognition<div style="display:inline-block;width:3.48px"> </div>of goodwill allocated to<div style="display:inline-block;width:3.54px"> </div>businesses that have been<div style="display:inline-block;width:3.48px"> </div>disposed of, in accordance<div style="display:inline-block;width:4.23px"> </div>with IAS 36 requirements.</div></div></div></div><div id="TextBlockContainer390" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:537px;height:14px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a99307" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">The table below presents<div style="display:inline-block;width:5.08px"> </div>estimated aggregated amortization<div style="display:inline-block;width:5.11px"> </div>expenses for intangible<div style="display:inline-block;width:5.1px"> </div>assets.</div></div><div id="TextBlockContainer394" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:157px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_392_XBRL_TS_cf80de05d54644f18e66332ce7077bba" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer393" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:157px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a99313" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a99315" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:617.39px;top:0px;">Intangible assets </div><div id="a99317" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:15.6px;">Estimated aggregated amortization<div style="display:inline-block;width:3.77px"> </div>expenses for: </div><div id="a99321" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:32.2px;">2023 </div><div id="a99323_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:32.2px;">26</div><div id="a99326" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.3px;">2024 </div><div id="a99328_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:48.3px;">24</div><div id="a99331" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:64.8px;">2025 </div><div id="a99333_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:64.8px;">23</div><div id="a99336" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:80.9px;">2026 </div><div id="a99338_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:80.9px;">23</div><div id="a99341" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:97.5px;">2027 </div><div id="a99343_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:97.5px;">22</div><div id="a99346" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.6px;">Thereafter </div><div id="a99348_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:113.6px;">104</div><div id="a99351" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:130.1px;">Not amortized due to indefinite useful life </div><div id="a99353_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:130.1px;">2</div><div id="a99356" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:146.7px;">Total </div><div id="a99358_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:146.7px;">224</div></div></div></div> 6000000000.0 3700000000 1200000000 1200000000 0.20 0.015 0.0075 <div id="TextBlockContainer383" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:81px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a98867" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Discount and growth rates </div><div id="a98877" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:445.182px;top:14.9px;">Discount rates </div><div id="a98880" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:589.488px;top:14.9px;">Growth rates </div><div id="a98882" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:28.6px;">In % </div><div id="a98885" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.222px;top:28.6px;">31.12.22 </div><div id="a98887" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:502.915px;top:28.6px;">31.12.21 </div><div id="a98890" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.195px;top:28.6px;">31.12.22 </div><div id="a98892" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:645.315px;top:28.6px;">31.12.21 </div><div id="a98894" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:42.3px;">Global Wealth Management Americas </div><div id="a98897_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.808px;top:42.3px;">10.5</div><div id="a98900_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:524.662px;top:42.3px;">9.5</div><div id="a98904_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.475px;top:42.3px;">3.8</div><div id="a98907_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:667.102px;top:42.3px;">4.0</div><div id="a98910" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:56.5px;">Global Wealth Management Switzerland and International </div><div id="a98913_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.528px;top:56.5px;">9.4</div><div id="a98916_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:524.662px;top:56.5px;">8.5</div><div id="a98920_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.475px;top:56.5px;">3.6</div><div id="a98923_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:667.102px;top:56.5px;">3.1</div><div id="a98926" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:70.7px;">Asset Management </div><div id="a98929_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.528px;top:70.7px;">9.5</div><div id="a98932_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:524.662px;top:70.7px;">8.5</div><div id="a98936_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.475px;top:70.7px;">3.4</div><div id="a98939_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:667.102px;top:70.7px;">2.9</div></div> 0.105 0.095 0.038 0.040 0.094 0.085 0.036 0.031 0.095 0.085 0.034 0.029 <div id="TextBlockContainer387" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:316px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a98981" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:11.8px;">USD m </div><div id="a98984" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:437.084px;top:11.8px;">Goodwill </div><div id="a98987" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:507.617px;top:0px;">Intangible </div><div id="a98988" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.964px;top:11.8px;">assets</div><div id="a98989" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:540.724px;top:12.5px;">1</div><div id="a98992" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:584.724px;top:11.8px;">2022 </div><div id="a98994" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.844px;top:11.8px;">2021 </div><div id="a98996" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:24.6px;">Historical cost </div><div id="a99005" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:39.3px;">Balance at the beginning of the year </div><div id="a99008_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.004px;top:39.3px;">6,126</div><div id="a99012_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:522.27px;top:39.3px;">1,612</div><div id="a99016_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:582.364px;top:39.3px;">7,739</div><div id="a99019_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:39.3px;">7,865</div><div id="a99022" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:53.5px;">Additions </div><div id="a99025_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.017px;top:53.5px;">0</div><div id="a99029_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.297px;top:53.5px;">0</div><div id="a99033_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:599.417px;top:53.5px;">0</div><div id="a99036_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:53.5px;">1</div><div id="a99039" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:67.7px;">Disposals</div><div id="a99040" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:36.789px;top:68.3px;">2</div><div id="a99043_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.097px;top:67.7px;display:flex;">(22)</div><div id="a99047_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.297px;top:67.7px;">0</div><div id="a99051_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.937px;top:67.7px;display:flex;">(22)</div><div id="a99054_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:67.7px;display:flex;">(3)</div><div id="a99057" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:82.3px;">Write-offs </div><div id="a99062_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.017px;top:82.3px;">0</div><div id="a99066_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.297px;top:82.3px;">0</div><div id="a99070_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:599.417px;top:82.3px;">0</div><div id="a99073_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:82.3px;display:flex;">(41)</div><div id="a99076" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:96.5px;">Foreign currency translation </div><div id="a99080_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.097px;top:96.5px;display:flex;">(61)</div><div id="a99084_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:529.364px;top:96.5px;display:flex;">(14)</div><div id="a99088_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.937px;top:96.5px;display:flex;">(76)</div><div id="a99091_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:96.5px;display:flex;">(83)</div><div id="a99094" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:110.3px;">Balance at the end of the year </div><div id="a99097_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.004px;top:110.3px;">6,043</div><div id="a99101_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:522.27px;top:110.3px;">1,598</div><div id="a99105_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:582.364px;top:110.3px;">7,641</div><div id="a99108_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:110.3px;">7,739</div><div id="a99111" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:124.4px;">Accumulated amortization and<div style="display:inline-block;width:3.74px"> </div>impairment </div><div id="a99120" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:138.6px;">Balance at the beginning of the year </div><div id="a99125_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:522.27px;top:138.6px;">1,360</div><div id="a99129_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:582.364px;top:138.6px;">1,360</div><div id="a99132_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:138.6px;">1,385</div><div id="a99135" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:153.3px;">Amortization </div><div id="a99140_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:534.577px;top:153.3px;">26</div><div id="a99144_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:594.657px;top:153.3px;">26</div><div id="a99147_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:153.3px;">31</div><div id="a99150" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:167.5px;">Impairment / (reversal of impairment) </div><div id="a99155_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:534.097px;top:167.5px;display:flex;">(1)</div><div id="a99159_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:594.657px;top:167.5px;display:flex;">(1)</div><div id="a99162_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:167.5px;display:flex;">(1)</div><div id="a99165" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:181.7px;">Write-offs </div><div id="a99172_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.297px;top:181.7px;">0</div><div id="a99176_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:599.417px;top:181.7px;">0</div><div id="a99179_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:181.7px;display:flex;">(41)</div><div id="a99182" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:196.4px;">Foreign currency translation </div><div id="a99187_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:529.364px;top:196.4px;display:flex;">(11)</div><div id="a99191_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.937px;top:196.4px;display:flex;">(11)</div><div id="a99194_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:196.4px;display:flex;">(13)</div><div id="a99197" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:210.1px;">Balance at the end of the year </div><div id="a99202_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:522.27px;top:210.1px;">1,374</div><div id="a99206_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:582.364px;top:210.1px;">1,374</div><div id="a99209_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:210.1px;">1,360</div><div id="a99212" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:224.3px;">Net book value at the end of the<div style="display:inline-block;width:3.71px"> </div>year </div><div id="a99215_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.004px;top:224.3px;">6,043</div><div id="a99219_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:529.364px;top:224.3px;">224</div><div id="a99223_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:582.364px;top:224.3px;">6,267</div><div id="a99226_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:224.3px;">6,378</div><div id="a99229" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:239.4px;">of which: Global Wealth Management Americas </div><div id="a99232_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:448.004px;top:239.4px;">3,709</div><div id="a99236_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:534.577px;top:239.4px;">31</div><div id="a99240_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:582.364px;top:239.4px;">3,740</div><div id="a99243_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.47px;top:239.4px;">3,760</div><div id="a99246" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:253.6px;">of which: Global Wealth Management Switzerland<div style="display:inline-block;width:3.8px"> </div>and International </div><div id="a99249_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:448.004px;top:253.6px;">1,166</div><div id="a99253_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:534.577px;top:253.6px;">59</div><div id="a99257_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:582.364px;top:253.6px;">1,225</div><div id="a99260_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.47px;top:253.6px;">1,276</div><div id="a99263" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:267.8px;">of which: Asset Management </div><div id="a99266_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:448.004px;top:267.8px;">1,167</div><div id="a99270_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.297px;top:267.8px;">0</div><div id="a99274_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:582.364px;top:267.8px;">1,167</div><div id="a99277_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.47px;top:267.8px;">1,202</div><div id="a99280" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:282.5px;">of which: Investment Bank </div><div id="a99284_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:465.017px;top:282.5px;">0</div><div id="a99288_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:529.364px;top:282.5px;">135</div><div id="a99292_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:589.457px;top:282.5px;">135</div><div id="a99295_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:658.564px;top:282.5px;">139</div><div id="a99298" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:296.5px;">1 Intangible<div style="display:inline-block;width:4.12px"> </div>assets mainly<div style="display:inline-block;width:4.41px"> </div>include customer<div style="display:inline-block;width:4.4px"> </div>relationships,<div style="display:inline-block;width:4.09px"> </div>contractual<div style="display:inline-block;width:3.47px"> </div>rights<div style="display:inline-block;width:3.46px"> </div>and the<div style="display:inline-block;width:3.79px"> </div>fully amortized<div style="display:inline-block;width:4.57px"> </div>branch<div style="display:inline-block;width:3.63px"> </div>network intangible<div style="display:inline-block;width:4.98px"> </div>asset recognized<div style="display:inline-block;width:4.57px"> </div>in connection<div style="display:inline-block;width:3.93px"> </div>with<div style="display:inline-block;width:3.47px"> </div>the acquisition<div style="display:inline-block;width:4.41px"> </div>of PaineWebber<div style="display:inline-block;width:5.05px"> </div>Group,<div style="display:inline-block;width:3.62px"> </div>Inc.<div style="display:inline-block;width:6.47px"> </div></div><div id="a99300" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:306.9px;">2 Reflects the derecognition<div style="display:inline-block;width:3.48px"> </div>of goodwill allocated to<div style="display:inline-block;width:3.54px"> </div>businesses that have been<div style="display:inline-block;width:3.48px"> </div>disposed of, in accordance<div style="display:inline-block;width:4.23px"> </div>with IAS 36 requirements.</div></div> 6126000000 1612000000 7739000000 7865000000 0 0 0 1000000 22000000 0 22000000 3000000 0 0 0 41000000 -61000000 -14000000 -76000000 -83000000 6043000000 1598000000 7641000000 7739000000 1360000000 1360000000 1385000000 26000000 26000000 31000000 -1000000 -1000000 -1000000 0 0 41000000 -11000000 -11000000 -13000000 1374000000 1374000000 1360000000 6043000000 224000000 6267000000 6378000000 3709000000 31000000 3740000000 3760000000 1166000000 59000000 1225000000 1276000000 1167000000 0 1167000000 1202000000 0 135000000 135000000 139000000 <div id="TextBlockContainer393" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:157px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a99313" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a99315" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:617.39px;top:0px;">Intangible assets </div><div id="a99317" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:15.6px;">Estimated aggregated amortization<div style="display:inline-block;width:3.77px"> </div>expenses for: </div><div id="a99321" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:32.2px;">2023 </div><div id="a99323_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:32.2px;">26</div><div id="a99326" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.3px;">2024 </div><div id="a99328_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:48.3px;">24</div><div id="a99331" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:64.8px;">2025 </div><div id="a99333_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:64.8px;">23</div><div id="a99336" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:80.9px;">2026 </div><div id="a99338_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:80.9px;">23</div><div id="a99341" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:97.5px;">2027 </div><div id="a99343_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:97.5px;">22</div><div id="a99346" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.6px;">Thereafter </div><div id="a99348_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:113.6px;">104</div><div id="a99351" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:130.1px;">Not amortized due to indefinite useful life </div><div id="a99353_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:130.1px;">2</div><div id="a99356" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:146.7px;">Total </div><div id="a99358_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:146.7px;">224</div></div> 26000000 24000000 23000000 23000000 22000000 104000000 2000000 224000000 <div id="TextBlockContainer396" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:149px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a99365" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 13<div style="display:inline-block;width:8.21px"> </div>Other assets</div></div><div id="TextBlockContainer398" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:343px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a99369" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">a) Other financial assets measured<div style="display:inline-block;width:5.09px"> </div>at amortized cost</div></div><div id="TextBlockContainer402" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:140px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_400_XBRL_TS_1801875268584982a92a5f9bcd10bdc8" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer401" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:140px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a99371" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a99373" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a99375" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a99377" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:15.6px;">Debt securities </div><div id="a99379_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:15.6px;">44,594</div><div id="a99382_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:15.6px;">18,858</div><div id="a99385" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:32.2px;">Loans to financial advisors </div><div id="a99387_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:32.2px;">2,611</div><div id="a99390_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:32.2px;">2,453</div><div id="a99393" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.3px;">Fee-<div style="display:inline-block;width:2.93px"> </div>and commission-related receivables </div><div id="a99400_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:48.3px;">1,812</div><div id="a99403_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:48.3px;">1,972</div><div id="a99406" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:64.8px;">Finance lease receivables </div><div id="a99408_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:64.8px;">1,315</div><div id="a99411_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:64.8px;">1,356</div><div id="a99414" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:80.9px;">Settlement and clearing accounts<div style="display:inline-block;width:3.59px"> </div></div><div id="a99416_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:80.9px;">1,175</div><div id="a99419_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:80.9px;">455</div><div id="a99422" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:97.5px;">Accrued interest income </div><div id="a99424_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:97.5px;">1,259</div><div id="a99427_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:97.5px;">520</div><div id="a99430" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.6px;">Other </div><div id="a99432_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:113.6px;">499</div><div id="a99435_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:113.6px;">594</div><div id="a99438" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:130.1px;">Total other financial assets<div style="display:inline-block;width:3.86px"> </div>measured at amortized cost </div><div id="a99440_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:130.1px;">53,264</div><div id="a99443_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:130.1px;">26,209</div></div></div></div><div id="TextBlockContainer404" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:73px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a99447" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Debt<div style="display:inline-block;width:5.88px"> </div>securities<div style="display:inline-block;width:5.26px"> </div>increased<div style="display:inline-block;width:6.38px"> </div>by<div style="display:inline-block;width:5.67px"> </div>USD </div><div id="a99447_33_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:201.285px;top:0px;">25.7</div><div id="a99447_37_76" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.295px;top:0px;">bn<div style="display:inline-block;width:6.08px"> </div>compared<div style="display:inline-block;width:6.01px"> </div>with<div style="display:inline-block;width:5.25px"> </div>31<div style="display:inline-block;width:6.18px"> </div>December<div style="display:inline-block;width:5.52px"> </div>2021,<div style="display:inline-block;width:6.12px"> </div>largely<div style="display:inline-block;width:5.31px"> </div>reflecting<div style="display:inline-block;width:6.39px"> </div>shifts<div style="display:inline-block;width:5.56px"> </div>from<div style="display:inline-block;width:5.66px"> </div>cash<div style="display:inline-block;width:5.72px"> </div>into </div><div id="a99451" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">securities within UBS’s high<div style="display:inline-block;width:1.62px"> </div>-quality liquid asset portfolio as spreads<div style="display:inline-block;width:5.48px"> </div>widened. In addition,<div style="display:inline-block;width:5.35px"> </div>a portfolio of assets previously </div><div id="a99454" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.3px;">classified<div style="display:inline-block;width:6.25px"> </div>as<div style="display:inline-block;width:6.2px"> </div>Financial<div style="display:inline-block;width:6.31px"> </div>assets<div style="display:inline-block;width:6.14px"> </div>measured<div style="display:inline-block;width:6.53px"> </div>at<div style="display:inline-block;width:5.99px"> </div>fair<div style="display:inline-block;width:6.21px"> </div>value<div style="display:inline-block;width:6.52px"> </div>through<div style="display:inline-block;width:7.09px"> </div>other<div style="display:inline-block;width:6.25px"> </div>comprehensive<div style="display:inline-block;width:6.69px"> </div>income<div style="display:inline-block;width:6.09px"> </div>was<div style="display:inline-block;width:6.3px"> </div>reclassified<div style="display:inline-block;width:6.34px"> </div>to<div style="display:inline-block;width:6.2px"> </div>Other </div><div id="a99456" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.4px;">financial assets measured at amortized<div style="display:inline-block;width:5.22px"> </div>cost in 2022.<div style="display:inline-block;width:4.61px"> </div></div><div id="a99458" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:57.6px;">›</div><div id="a99459" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:57.8px;"> </div><div id="a99460" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:62.5px;">Refer to Note 1b for<div style="display:inline-block;width:1.28px"> </div>more information</div></div><div id="TextBlockContainer406" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:195px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a99501" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">b) Other non-financial assets</div></div><div id="TextBlockContainer410" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:154px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_408_XBRL_TS_08e9b1f991294089978a4b2251fa877f" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer409" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:154px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a99505" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a99507" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a99509" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a99511" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:15.6px;">Precious metals and other physical commodities </div><div id="a99514_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:15.6px;">4,471</div><div id="a99517_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:15.6px;">5,258</div><div id="a99520" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:32.2px;">Deposits and collateral provided in connection<div style="display:inline-block;width:4.06px"> </div>with litigation, regulatory and similar matters</div><div id="a99521" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:336.804px;top:32.8px;">1</div><div id="a99523_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:32.2px;">2,205</div><div id="a99526_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:32.2px;">1,526</div><div id="a99529" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.2px;">Prepaid expenses </div><div id="a99531_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:48.2px;">1,076</div><div id="a99534_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:48.2px;">1,108</div><div id="a99537" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:64.8px;">VAT,<div style="display:inline-block;width:4.56px"> </div>withholding tax and other tax receivables </div><div id="a99539_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:64.8px;">1,468</div><div id="a99542_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:64.8px;">638</div><div id="a99545" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:80.9px;">Properties and other non<div style="display:inline-block;width:1.36px"> </div>-current assets held for sale </div><div id="a99549_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:80.9px;">369</div><div id="a99552_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:80.9px;">32</div><div id="a99555" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:97.5px;">Assets of disposal group held for sale</div><div id="a99556" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:138.057px;top:98.1px;">2</div><div id="a99559_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:97.5px;">1,093</div><div id="a99562" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.5px;">Other<div style="display:inline-block;width:4.85px"> </div></div><div id="a99564_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:113.5px;">578</div><div id="a99567_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:113.5px;">621</div><div id="a99570" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:130.1px;">Total other non-financial<div style="display:inline-block;width:3.83px"> </div>assets </div><div id="a99574_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:130.1px;">10,166</div><div id="a99577_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:130.1px;">10,277</div><div id="a99580" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:145.1px;">1 Refer to Note 17 for more information.<div style="display:inline-block;width:10.11px"> </div>2 Refer to Note 29 for<div style="display:inline-block;width:3.65px"> </div>more information.</div></div></div></div> <div id="TextBlockContainer401" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:140px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a99371" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a99373" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a99375" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a99377" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:15.6px;">Debt securities </div><div id="a99379_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:15.6px;">44,594</div><div id="a99382_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:15.6px;">18,858</div><div id="a99385" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:32.2px;">Loans to financial advisors </div><div id="a99387_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:32.2px;">2,611</div><div id="a99390_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:32.2px;">2,453</div><div id="a99393" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.3px;">Fee-<div style="display:inline-block;width:2.93px"> </div>and commission-related receivables </div><div id="a99400_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:48.3px;">1,812</div><div id="a99403_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:48.3px;">1,972</div><div id="a99406" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:64.8px;">Finance lease receivables </div><div id="a99408_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:64.8px;">1,315</div><div id="a99411_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:64.8px;">1,356</div><div id="a99414" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:80.9px;">Settlement and clearing accounts<div style="display:inline-block;width:3.59px"> </div></div><div id="a99416_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:80.9px;">1,175</div><div id="a99419_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:80.9px;">455</div><div id="a99422" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:97.5px;">Accrued interest income </div><div id="a99424_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:97.5px;">1,259</div><div id="a99427_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:97.5px;">520</div><div id="a99430" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.6px;">Other </div><div id="a99432_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:113.6px;">499</div><div id="a99435_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:113.6px;">594</div><div id="a99438" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:130.1px;">Total other financial assets<div style="display:inline-block;width:3.86px"> </div>measured at amortized cost </div><div id="a99440_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:130.1px;">53,264</div><div id="a99443_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:130.1px;">26,209</div></div> 44594000000 18858000000 2611000000 2453000000 1812000000 1972000000 1315000000 1356000000 1175000000 455000000 1259000000 520000000 499000000 594000000 53264000000 26209000000 25700000000 <div id="TextBlockContainer409" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:154px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a99505" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a99507" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a99509" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a99511" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:15.6px;">Precious metals and other physical commodities </div><div id="a99514_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:15.6px;">4,471</div><div id="a99517_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:15.6px;">5,258</div><div id="a99520" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:32.2px;">Deposits and collateral provided in connection<div style="display:inline-block;width:4.06px"> </div>with litigation, regulatory and similar matters</div><div id="a99521" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:336.804px;top:32.8px;">1</div><div id="a99523_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:32.2px;">2,205</div><div id="a99526_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:32.2px;">1,526</div><div id="a99529" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.2px;">Prepaid expenses </div><div id="a99531_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:48.2px;">1,076</div><div id="a99534_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:48.2px;">1,108</div><div id="a99537" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:64.8px;">VAT,<div style="display:inline-block;width:4.56px"> </div>withholding tax and other tax receivables </div><div id="a99539_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:64.8px;">1,468</div><div id="a99542_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:64.8px;">638</div><div id="a99545" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:80.9px;">Properties and other non<div style="display:inline-block;width:1.36px"> </div>-current assets held for sale </div><div id="a99549_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:80.9px;">369</div><div id="a99552_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:80.9px;">32</div><div id="a99555" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:97.5px;">Assets of disposal group held for sale</div><div id="a99556" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:138.057px;top:98.1px;">2</div><div id="a99559_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:97.5px;">1,093</div><div id="a99562" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.5px;">Other<div style="display:inline-block;width:4.85px"> </div></div><div id="a99564_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:113.5px;">578</div><div id="a99567_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:113.5px;">621</div><div id="a99570" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:130.1px;">Total other non-financial<div style="display:inline-block;width:3.83px"> </div>assets </div><div id="a99574_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:130.1px;">10,166</div><div id="a99577_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:130.1px;">10,277</div><div id="a99580" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:145.1px;">1 Refer to Note 17 for more information.<div style="display:inline-block;width:10.11px"> </div>2 Refer to Note 29 for<div style="display:inline-block;width:3.65px"> </div>more information.</div></div> 4471000000 5258000000 2205000000 1526000000 1076000000 1108000000 1468000000 638000000 369000000 32000000 1093000000 578000000 621000000 10166000000 10277000000 <div id="TextBlockContainer412" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:187px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a99587" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 14<div style="display:inline-block;width:8.21px"> </div>Customer deposits</div></div><div id="TextBlockContainer416" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:105px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_414_XBRL_TS_13209f3c624849108585b23339928023" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer415" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:105px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a99592" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a99594" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a99596" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a99598" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:16.5px;">Demand deposits </div><div id="a99600_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:579.057px;top:16.5px;">180,822</div><div id="a99603_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.19px;top:16.5px;">246,417</div><div id="a99606" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:33.1px;">Retail savings / deposits </div><div id="a99608_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:579.057px;top:33.1px;">149,310</div><div id="a99611_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.19px;top:33.1px;">133,354</div><div id="a99614" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:49.2px;">Sweep deposits </div><div id="a99616_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:49.2px;">69,223</div><div id="a99619_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.19px;top:49.2px;">113,870</div><div id="a99622" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:65.7px;">Time deposits</div><div id="a99623" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:52.868px;top:66.4px;">1</div><div id="a99625" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:575.75px;top:65.7px;">125,696</div><div id="a99627" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:65.7px;">48,365</div><div id="a99629" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:81.4px;">Total customer deposits </div><div id="a99631_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:579.057px;top:81.4px;">525,051</div><div id="a99634_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.19px;top:81.4px;">542,007</div><div id="a99637" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:96.9px;">1 Includes customer deposits<div style="display:inline-block;width:3.47px"> </div>in UBS AG Jersey Branch<div style="display:inline-block;width:3.64px"> </div>placed by UBS Switzerland<div style="display:inline-block;width:3.65px"> </div>AG on behalf of its clients.</div></div></div></div><div id="TextBlockContainer418" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:636px;height:14px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a99640" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Increases in interest rates during<div style="display:inline-block;width:5.07px"> </div>the year resulted in significant shifts<div style="display:inline-block;width:5.26px"> </div>from demand deposits to<div style="display:inline-block;width:5.03px"> </div>time deposits.</div></div> <div id="TextBlockContainer415" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:105px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a99592" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a99594" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a99596" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a99598" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:16.5px;">Demand deposits </div><div id="a99600_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:579.057px;top:16.5px;">180,822</div><div id="a99603_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.19px;top:16.5px;">246,417</div><div id="a99606" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:33.1px;">Retail savings / deposits </div><div id="a99608_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:579.057px;top:33.1px;">149,310</div><div id="a99611_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.19px;top:33.1px;">133,354</div><div id="a99614" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:49.2px;">Sweep deposits </div><div id="a99616_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:49.2px;">69,223</div><div id="a99619_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.19px;top:49.2px;">113,870</div><div id="a99622" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:65.7px;">Time deposits</div><div id="a99623" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:52.868px;top:66.4px;">1</div><div id="a99625" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:575.75px;top:65.7px;">125,696</div><div id="a99627" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:65.7px;">48,365</div><div id="a99629" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:81.4px;">Total customer deposits </div><div id="a99631_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:579.057px;top:81.4px;">525,051</div><div id="a99634_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.19px;top:81.4px;">542,007</div><div id="a99637" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:96.9px;">1 Includes customer deposits<div style="display:inline-block;width:3.47px"> </div>in UBS AG Jersey Branch<div style="display:inline-block;width:3.64px"> </div>placed by UBS Switzerland<div style="display:inline-block;width:3.65px"> </div>AG on behalf of its clients.</div></div> 180822000000 246417000000 149310000000 133354000000 69223000000 113870000000 125696000000 48365000000 525051000000 542007000000 <div id="TextBlockContainer420" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:297px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a99650" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 15<div style="display:inline-block;width:8.21px"> </div>Debt issued designated at fair<div style="display:inline-block;width:5.12px"> </div>value</div></div><div id="TextBlockContainer423" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:186px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a99655" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a99657" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a99659" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a99661" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:14.7px;">Issued debt instruments </div><div id="a99665" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:30.3px;">Equity-linked</div><div id="a99668" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:50.03px;top:30.9px;">1</div><div id="a99670_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:30.3px;">41,901</div><div id="a99673_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:30.3px;">47,059</div><div id="a99676" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:45.4px;">Rates-linked </div><div id="a99680_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:45.4px;">16,276</div><div id="a99683_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:45.4px;">16,369</div><div id="a99686" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:61px;">Credit-linked </div><div id="a99690_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:61px;">2,170</div><div id="a99693_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:61px;">1,723</div><div id="a99696" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:76.2px;">Fixed-rate </div><div id="a99700_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:76.2px;">6,538</div><div id="a99703_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:76.2px;">2,868</div><div id="a99706" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:91.3px;">Commodity-linked </div><div id="a99710_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:91.3px;">4,294</div><div id="a99713_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:91.3px;">2,911</div><div id="a99716" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:106.9px;">Other </div><div id="a99718_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:106.9px;">2,459</div><div id="a99721_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:106.9px;">2,868</div><div id="a99724" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:122.1px;">of which: debt that contributes to total loss-absorbing<div style="display:inline-block;width:3.81px"> </div>capacity </div><div id="a99728_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:588.51px;top:122.1px;">1,959</div><div id="a99731_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:122.1px;">2,136</div><div id="a99734" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:136.7px;">Total debt issued designated<div style="display:inline-block;width:3.96px"> </div>at fair value </div><div id="a99736_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:136.7px;">73,638</div><div id="a99739_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:136.7px;">73,799</div><div id="a99742" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:152.3px;">of which: issued by UBS AG with original maturity greater<div style="display:inline-block;width:3.95px"> </div>than one year</div><div id="a99743" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:273.844px;top:153px;">2</div><div id="a99745_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:583.79px;top:152.3px;">57,750</div><div id="a99748_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.95px;top:152.3px;">57,967</div><div id="a99751" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:166.9px;">1 Includes investment fund unit-linked instruments<div style="display:inline-block;width:3.69px"> </div>issued.<div style="display:inline-block;width:8.04px"> </div>2 Based on original contractual<div style="display:inline-block;width:3.48px"> </div>maturity without considering any early<div style="display:inline-block;width:3.63px"> </div>redemption features. As of 31 December 2022, </div><div id="a99751_178_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:563.385px;top:166.9px;">100</div><div id="a99751_181_31" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:576.153px;top:166.9px;">% of the balance was unsecured </div><div id="a99756" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:177.3px;">(31 December 2021: </div><div id="a99756_19_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:69.86px;top:177.3px;">100</div><div id="a99756_22_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:82.629px;top:177.3px;">%).</div></div> <div id="TextBlockContainer424" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:186px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_422_XBRL_TS_25c4c58133b742c8b4e37f4853f8b020" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer423" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:186px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a99655" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a99657" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a99659" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a99661" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:14.7px;">Issued debt instruments </div><div id="a99665" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:30.3px;">Equity-linked</div><div id="a99668" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:50.03px;top:30.9px;">1</div><div id="a99670_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:30.3px;">41,901</div><div id="a99673_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:30.3px;">47,059</div><div id="a99676" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:45.4px;">Rates-linked </div><div id="a99680_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:45.4px;">16,276</div><div id="a99683_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:45.4px;">16,369</div><div id="a99686" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:61px;">Credit-linked </div><div id="a99690_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:61px;">2,170</div><div id="a99693_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:61px;">1,723</div><div id="a99696" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:76.2px;">Fixed-rate </div><div id="a99700_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:76.2px;">6,538</div><div id="a99703_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:76.2px;">2,868</div><div id="a99706" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:91.3px;">Commodity-linked </div><div id="a99710_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:91.3px;">4,294</div><div id="a99713_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:91.3px;">2,911</div><div id="a99716" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:106.9px;">Other </div><div id="a99718_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:106.9px;">2,459</div><div id="a99721_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:106.9px;">2,868</div><div id="a99724" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:122.1px;">of which: debt that contributes to total loss-absorbing<div style="display:inline-block;width:3.81px"> </div>capacity </div><div id="a99728_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:588.51px;top:122.1px;">1,959</div><div id="a99731_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:122.1px;">2,136</div><div id="a99734" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:136.7px;">Total debt issued designated<div style="display:inline-block;width:3.96px"> </div>at fair value </div><div id="a99736_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:136.7px;">73,638</div><div id="a99739_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:136.7px;">73,799</div><div id="a99742" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:152.3px;">of which: issued by UBS AG with original maturity greater<div style="display:inline-block;width:3.95px"> </div>than one year</div><div id="a99743" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:273.844px;top:153px;">2</div><div id="a99745_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:583.79px;top:152.3px;">57,750</div><div id="a99748_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.95px;top:152.3px;">57,967</div><div id="a99751" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:166.9px;">1 Includes investment fund unit-linked instruments<div style="display:inline-block;width:3.69px"> </div>issued.<div style="display:inline-block;width:8.04px"> </div>2 Based on original contractual<div style="display:inline-block;width:3.48px"> </div>maturity without considering any early<div style="display:inline-block;width:3.63px"> </div>redemption features. As of 31 December 2022, </div><div id="a99751_178_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:563.385px;top:166.9px;">100</div><div id="a99751_181_31" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:576.153px;top:166.9px;">% of the balance was unsecured </div><div id="a99756" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:177.3px;">(31 December 2021: </div><div id="a99756_19_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:69.86px;top:177.3px;">100</div><div id="a99756_22_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:82.629px;top:177.3px;">%).</div></div></div></div> 41901000000 47059000000 16276000000 16369000000 2170000000 1723000000 6538000000 2868000000 4294000000 2911000000 2459000000 2868000000 1959000000 2136000000 73638000000 73799000000 57750000000 57967000000 1 1 <div id="TextBlockContainer426" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:322px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a99790" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 16<div style="display:inline-block;width:8.21px"> </div>Debt issued measured at amortized<div style="display:inline-block;width:5.11px"> </div>cost</div></div><div id="TextBlockContainer429" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:256px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a99796" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a99798" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a99800" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a99802" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:15.6px;">Short-term debt</div><div id="a99805" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:60.908px;top:16.2px;">1</div><div id="a99807_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:15.6px;">29,676</div><div id="a99810_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:15.6px;">43,098</div><div id="a99813" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:31.7px;">Senior unsecured debt that<div style="display:inline-block;width:3.71px"> </div>contributes to total loss-absorbing capacity (TLAC) </div><div id="a99817_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:31.7px;">42,073</div><div id="a99820_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:31.7px;">38,984</div><div id="a99823" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.3px;">Senior unsecured debt other than<div style="display:inline-block;width:3.73px"> </div>TLAC </div><div id="a99825_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:48.3px;">17,892</div><div id="a99828_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:48.3px;">27,590</div><div id="a99831" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:64.8px;">of which: issued by UBS AG with original maturity greater<div style="display:inline-block;width:3.95px"> </div>than one year </div><div id="a99834_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:583.79px;top:64.8px;">17,892</div><div id="a99837_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.95px;top:64.8px;">23,307</div><div id="a99840" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:80.9px;">Covered bonds </div><div id="a99842_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:605.564px;top:80.9px;">0</div><div id="a99845_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:80.9px;">1,389</div><div id="a99848" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:97.5px;">Subordinated debt </div><div id="a99850_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:97.5px;">16,017</div><div id="a99853_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:97.5px;">18,640</div><div id="a99856" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:113.6px;">of which: eligible as high-trigger loss-absorbing additional<div style="display:inline-block;width:3.84px"> </div>tier 1 capital instruments </div><div id="a99862_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:588.51px;top:113.6px;">9,882</div><div id="a99865_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.95px;top:113.6px;">11,052</div><div id="a99868" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:130.1px;">of which: eligible as low-trigger loss-absorbing additional<div style="display:inline-block;width:3.72px"> </div>tier 1 capital instruments </div><div id="a99875_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:588.51px;top:130.1px;">1,189</div><div id="a99878_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:130.1px;">2,425</div><div id="a99881" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:146.2px;">of which: eligible as low-trigger loss-absorbing tier 2 capital<div style="display:inline-block;width:4.09px"> </div>instruments </div><div id="a99887_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:588.51px;top:146.2px;">2,422</div><div id="a99890_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:146.2px;">2,596</div><div id="a99893" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:162.7px;">of which: eligible as non-Basel III-compliant tier 2 capital<div style="display:inline-block;width:3.81px"> </div>instruments </div><div id="a99900_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:595.604px;top:162.7px;">536</div><div id="a99903_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.764px;top:162.7px;">547</div><div id="a99906" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:178.8px;">Debt issued through the Swiss central mortgage<div style="display:inline-block;width:3.83px"> </div>institutions </div><div id="a99908_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:178.8px;">8,962</div><div id="a99911_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:178.8px;">9,454</div><div id="a99914" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:195.4px;">Long-term debt</div><div id="a99917" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:59.489px;top:196px;">2</div><div id="a99919_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:195.4px;">84,945</div><div id="a99922_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:195.4px;">96,057</div><div id="a99925" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:211.5px;">Total debt issued<div style="display:inline-block;width:3.77px"> </div>measured at amortized cost</div><div id="a99926" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:168.324px;top:212.1px;">3</div><div id="a99928_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:579.057px;top:211.5px;">114,621</div><div id="a99931_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.19px;top:211.5px;">139,155</div><div id="a99934" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:227px;">1 Debt with an<div style="display:inline-block;width:3.5px"> </div>original contractual maturity<div style="display:inline-block;width:4.09px"> </div>of less than one<div style="display:inline-block;width:3.47px"> </div>year, includes<div style="display:inline-block;width:4.1px"> </div>mainly certificates of<div style="display:inline-block;width:3.63px"> </div>deposit and commercial<div style="display:inline-block;width:4.08px"> </div>paper.<div style="display:inline-block;width:9.93px"> </div>2 Debt with an<div style="display:inline-block;width:3.49px"> </div>original contractual<div style="display:inline-block;width:3.78px"> </div>maturity greater<div style="display:inline-block;width:3.54px"> </div>than or equal to<div style="display:inline-block;width:3.63px"> </div>one year.<div style="display:inline-block;width:3.46px"> </div>The </div><div id="a99937" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:237.4px;">classification of<div style="display:inline-block;width:4.09px"> </div>debt issued<div style="display:inline-block;width:3.63px"> </div>into short<div style="display:inline-block;width:1.62px"> </div>-term and<div style="display:inline-block;width:3.67px"> </div>long-term does<div style="display:inline-block;width:4.24px"> </div>not consider<div style="display:inline-block;width:4.09px"> </div>any early<div style="display:inline-block;width:3.71px"> </div>redemption<div style="display:inline-block;width:3.45px"> </div>features.<div style="display:inline-block;width:11.68px"> </div>3 Net<div style="display:inline-block;width:3.64px"> </div>of bifurcated<div style="display:inline-block;width:3.79px"> </div>embedded<div style="display:inline-block;width:3.47px"> </div>derivatives,<div style="display:inline-block;width:3.45px"> </div>the fair<div style="display:inline-block;width:3.95px"> </div>value of<div style="display:inline-block;width:3.93px"> </div>which was<div style="display:inline-block;width:4.42px"> </div>not material<div style="display:inline-block;width:3.62px"> </div>for the<div style="display:inline-block;width:4.1px"> </div>periods </div><div id="a99944" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:247.3px;">presented.</div></div><div id="TextBlockContainer432" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:142px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a99947" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">The Group<div style="display:inline-block;width:5.62px"> </div>uses interest rate and<div style="display:inline-block;width:5.94px"> </div>foreign exchange<div style="display:inline-block;width:5.47px"> </div>derivatives to manage<div style="display:inline-block;width:5.67px"> </div>the risks inherent<div style="display:inline-block;width:5.73px"> </div>in certain debt<div style="display:inline-block;width:5.35px"> </div>instruments </div><div id="a99953" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">held at amortized<div style="display:inline-block;width:5.67px"> </div>cost. In some<div style="display:inline-block;width:5.61px"> </div>cases, the Group<div style="display:inline-block;width:6.05px"> </div>applies hedge<div style="display:inline-block;width:5.69px"> </div>accounting for<div style="display:inline-block;width:5.08px"> </div>interest rate risk<div style="display:inline-block;width:5.29px"> </div>as discussed<div style="display:inline-block;width:5.33px"> </div>in item 2<div style="display:inline-block;width:1.45px"> </div>j </div><div id="a99958" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.7px;">in Note 1a<div style="display:inline-block;width:4.05px"> </div>and Note 25. As a result of applying hedge accounting, the life-to-date adjustment to the carrying amount of </div><div id="a99976" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.9px;">debt issued<div style="display:inline-block;width:6.43px"> </div>was a<div style="display:inline-block;width:5.52px"> </div>decrease of<div style="display:inline-block;width:6.03px"> </div>USD </div><div id="a99976_34_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:211.685px;top:45.9px;">6.1</div><div id="a99976_37_49" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:230.601px;top:45.9px;">bn as<div style="display:inline-block;width:5.33px"> </div>of 31<div style="display:inline-block;width:5.76px"> </div>December 2022<div style="display:inline-block;width:6.06px"> </div>and an<div style="display:inline-block;width:5.44px"> </div>increase<div style="display:inline-block;width:5.23px"> </div>of USD </div><div id="a99976_86_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:538.192px;top:45.9px;">0.5</div><div id="a99976_89_21" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:557.108px;top:45.9px;">bn as<div style="display:inline-block;width:5.32px"> </div>of 31<div style="display:inline-block;width:5.8px"> </div>December </div><div id="a99992" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61px;">2021,<div style="display:inline-block;width:4.26px"> </div>reflecting changes in fair value due to<div style="display:inline-block;width:5.14px"> </div>interest rate movements. </div><div id="a99995" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:84.2px;">Subordinated debt<div style="display:inline-block;width:5.65px"> </div>consists of unsecured<div style="display:inline-block;width:5.82px"> </div>debt obligations<div style="display:inline-block;width:5.36px"> </div>that are contractually subordinated<div style="display:inline-block;width:6.53px"> </div>in right of<div style="display:inline-block;width:5.08px"> </div>payment to all </div><div id="a99999" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.3px;">other<div style="display:inline-block;width:5.77px"> </div>present<div style="display:inline-block;width:6.06px"> </div>and<div style="display:inline-block;width:6.08px"> </div>future<div style="display:inline-block;width:5.39px"> </div>non-subordinated<div style="display:inline-block;width:6.37px"> </div>obligations<div style="display:inline-block;width:6.27px"> </div>of<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.85px"> </div>respective issuing<div style="display:inline-block;width:7.37px"> </div>entity.<div style="display:inline-block;width:5.73px"> </div>All<div style="display:inline-block;width:5.62px"> </div>of<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>subordinated<div style="display:inline-block;width:6.29px"> </div>debt </div><div id="a100004" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:114.5px;">instruments outstanding as of<div style="display:inline-block;width:5.12px"> </div>31 December 2022 pay a fixed rate of interest. </div><div id="a100010" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:126.6px;">›</div><div id="a100011" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:126.9px;"> </div><div id="a100012" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:131.5px;">Refer to Note 23<div style="display:inline-block;width:1.6px"> </div>for maturity information</div></div> <div id="TextBlockContainer430" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:256px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_428_XBRL_TS_3459458e3594421cb90182b809f0edc2" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer429" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:256px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a99796" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a99798" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a99800" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a99802" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:15.6px;">Short-term debt</div><div id="a99805" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:60.908px;top:16.2px;">1</div><div id="a99807_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:15.6px;">29,676</div><div id="a99810_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:15.6px;">43,098</div><div id="a99813" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:31.7px;">Senior unsecured debt that<div style="display:inline-block;width:3.71px"> </div>contributes to total loss-absorbing capacity (TLAC) </div><div id="a99817_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:31.7px;">42,073</div><div id="a99820_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:31.7px;">38,984</div><div id="a99823" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.3px;">Senior unsecured debt other than<div style="display:inline-block;width:3.73px"> </div>TLAC </div><div id="a99825_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:48.3px;">17,892</div><div id="a99828_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:48.3px;">27,590</div><div id="a99831" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:64.8px;">of which: issued by UBS AG with original maturity greater<div style="display:inline-block;width:3.95px"> </div>than one year </div><div id="a99834_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:583.79px;top:64.8px;">17,892</div><div id="a99837_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.95px;top:64.8px;">23,307</div><div id="a99840" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:80.9px;">Covered bonds </div><div id="a99842_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:605.564px;top:80.9px;">0</div><div id="a99845_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:80.9px;">1,389</div><div id="a99848" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:97.5px;">Subordinated debt </div><div id="a99850_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:97.5px;">16,017</div><div id="a99853_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:97.5px;">18,640</div><div id="a99856" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:113.6px;">of which: eligible as high-trigger loss-absorbing additional<div style="display:inline-block;width:3.84px"> </div>tier 1 capital instruments </div><div id="a99862_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:588.51px;top:113.6px;">9,882</div><div id="a99865_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.95px;top:113.6px;">11,052</div><div id="a99868" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:130.1px;">of which: eligible as low-trigger loss-absorbing additional<div style="display:inline-block;width:3.72px"> </div>tier 1 capital instruments </div><div id="a99875_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:588.51px;top:130.1px;">1,189</div><div id="a99878_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:130.1px;">2,425</div><div id="a99881" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:146.2px;">of which: eligible as low-trigger loss-absorbing tier 2 capital<div style="display:inline-block;width:4.09px"> </div>instruments </div><div id="a99887_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:588.51px;top:146.2px;">2,422</div><div id="a99890_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:146.2px;">2,596</div><div id="a99893" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:162.7px;">of which: eligible as non-Basel III-compliant tier 2 capital<div style="display:inline-block;width:3.81px"> </div>instruments </div><div id="a99900_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:595.604px;top:162.7px;">536</div><div id="a99903_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.764px;top:162.7px;">547</div><div id="a99906" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:178.8px;">Debt issued through the Swiss central mortgage<div style="display:inline-block;width:3.83px"> </div>institutions </div><div id="a99908_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:178.8px;">8,962</div><div id="a99911_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:178.8px;">9,454</div><div id="a99914" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:195.4px;">Long-term debt</div><div id="a99917" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:59.489px;top:196px;">2</div><div id="a99919_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:195.4px;">84,945</div><div id="a99922_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:195.4px;">96,057</div><div id="a99925" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:211.5px;">Total debt issued<div style="display:inline-block;width:3.77px"> </div>measured at amortized cost</div><div id="a99926" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:168.324px;top:212.1px;">3</div><div id="a99928_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:579.057px;top:211.5px;">114,621</div><div id="a99931_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.19px;top:211.5px;">139,155</div><div id="a99934" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:227px;">1 Debt with an<div style="display:inline-block;width:3.5px"> </div>original contractual maturity<div style="display:inline-block;width:4.09px"> </div>of less than one<div style="display:inline-block;width:3.47px"> </div>year, includes<div style="display:inline-block;width:4.1px"> </div>mainly certificates of<div style="display:inline-block;width:3.63px"> </div>deposit and commercial<div style="display:inline-block;width:4.08px"> </div>paper.<div style="display:inline-block;width:9.93px"> </div>2 Debt with an<div style="display:inline-block;width:3.49px"> </div>original contractual<div style="display:inline-block;width:3.78px"> </div>maturity greater<div style="display:inline-block;width:3.54px"> </div>than or equal to<div style="display:inline-block;width:3.63px"> </div>one year.<div style="display:inline-block;width:3.46px"> </div>The </div><div id="a99937" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:237.4px;">classification of<div style="display:inline-block;width:4.09px"> </div>debt issued<div style="display:inline-block;width:3.63px"> </div>into short<div style="display:inline-block;width:1.62px"> </div>-term and<div style="display:inline-block;width:3.67px"> </div>long-term does<div style="display:inline-block;width:4.24px"> </div>not consider<div style="display:inline-block;width:4.09px"> </div>any early<div style="display:inline-block;width:3.71px"> </div>redemption<div style="display:inline-block;width:3.45px"> </div>features.<div style="display:inline-block;width:11.68px"> </div>3 Net<div style="display:inline-block;width:3.64px"> </div>of bifurcated<div style="display:inline-block;width:3.79px"> </div>embedded<div style="display:inline-block;width:3.47px"> </div>derivatives,<div style="display:inline-block;width:3.45px"> </div>the fair<div style="display:inline-block;width:3.95px"> </div>value of<div style="display:inline-block;width:3.93px"> </div>which was<div style="display:inline-block;width:4.42px"> </div>not material<div style="display:inline-block;width:3.62px"> </div>for the<div style="display:inline-block;width:4.1px"> </div>periods </div><div id="a99944" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:247.3px;">presented.</div></div></div></div> 29676000000 43098000000 42073000000 38984000000 17892000000 27590000000 17892000000 23307000000 0 1389000000 16017000000 18640000000 9882000000 11052000000 1189000000 2425000000 2422000000 2596000000 536000000 547000000 8962000000 9454000000 84945000000 96057000000 114621000000 139155000000 -6100000000 500000000 <div id="TextBlockContainer438" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:338px;height:74px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_434_XBRL_TS_22c227d2e7174a21b482cda17e5cc1e3" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer435" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:294px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a100021" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 17<div style="display:inline-block;width:8.21px"> </div>Provisions and contingent liabilities</div></div></div><div id="a100021_46_1" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:284.072px;top:0px;"> </div><div id="a100026" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:17.3px;"> </div><div id="div_436_XBRL_TS_6ab91679e2c64feca638881f3307ec92" style="position:absolute;left:0px;top:30.3px;float:left;"><div id="TextBlockContainer437" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:338px;height:44px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a100027" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">a) Provisions </div><div id="a100029" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.6px;">The table below presents<div style="display:inline-block;width:5.08px"> </div>an overview of total provisions.</div></div></div></div><div id="TextBlockContainer443" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:60px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_441_XBRL_TS_2b9b1c5e690a409eab633df5a1aba2a0" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer442" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:60px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a100032" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a100035" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a100037" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a100039" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:12.3px;">Provisions other than provisions for expected credit<div style="display:inline-block;width:3.96px"> </div>losses </div><div id="a100043_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:12.3px;">3,042</div><div id="a100046_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:12.3px;">3,322</div><div id="a100049" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:25.6px;">Provisions for expected credit losses</div><div id="a100050" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:132.857px;top:26.2px;">1 </div><div id="a100053_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:25.6px;">201</div><div id="a100056_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:25.6px;">196</div><div id="a100059" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:37.9px;">Total provisions </div><div id="a100062_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:37.9px;">3,243</div><div id="a100065_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:37.9px;">3,518</div><div id="a100068" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:51.5px;">1 Refer to Note 9 for more information<div style="display:inline-block;width:3.95px"> </div>about ECL provisions recognized<div style="display:inline-block;width:3.92px"> </div>for off-balance sheet financial<div style="display:inline-block;width:4.13px"> </div>instruments and credit lines.</div></div></div></div><div id="TextBlockContainer448" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:661px;height:14px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_446_XBRL_TS_e01e3e658ff74cdb8632a48e1f627dab" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer447" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:661px;height:14px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a100077" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">The following table presents<div style="display:inline-block;width:5.12px"> </div>additional information for provisions<div style="display:inline-block;width:5.38px"> </div>other than provisions for expected credit<div style="display:inline-block;width:5.28px"> </div>losses.</div></div></div></div><div id="TextBlockContainer452" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:147px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a100080" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:23.7px;">USD m </div><div id="a100082" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.67px;top:0px;">Litigation, </div><div id="a100083" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.644px;top:11.8px;">regulatory and </div><div id="a100084" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:415.337px;top:23.7px;">similar matters</div><div id="a100085" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:468.337px;top:24.3px;">1</div><div id="a100087" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:493.897px;top:23.7px;">Restructuring </div><div id="a100089" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.097px;top:23.7px;">Other</div><div id="a100090" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:607.937px;top:24.3px;">3</div><div id="a100092" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:638.67px;top:23.7px;">Total 2022 </div><div id="a100094" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:35.9px;">Balance at the beginning of the<div style="display:inline-block;width:3.77px"> </div>year </div><div id="a100096_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:449.884px;top:35.9px;">2,798</div><div id="a100099_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:527.484px;top:35.9px;">172</div><div id="a100102_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:35.9px;">352</div><div id="a100105_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.67px;top:35.9px;">3,322</div><div id="a100108" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.7px;">Increase in provisions recognized in the income statement </div><div id="a100110_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.977px;top:48.7px;">406</div><div id="a100113_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:527.484px;top:48.7px;">231</div><div id="a100116_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.844px;top:48.7px;">53</div><div id="a100119_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:663.764px;top:48.7px;">690</div><div id="a100122" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:62px;">Release of provisions recognized in the income statement </div><div id="a100124_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.977px;top:62px;display:flex;">(58)</div><div id="a100127_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:527.484px;top:62px;display:flex;">(25)</div><div id="a100130_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:62px;display:flex;">(36)</div><div id="a100133_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:659.044px;top:62px;display:flex;">(118)</div><div id="a100136" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:74.7px;">Provisions used in conformity with designated purpose </div><div id="a100138_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:452.257px;top:74.7px;display:flex;">(470)</div><div id="a100141_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:522.75px;top:74.7px;display:flex;">(243)</div><div id="a100144_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:74.7px;display:flex;">(32)</div><div id="a100147_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:659.044px;top:74.7px;display:flex;">(745)</div><div id="a100150" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:88px;">Capitalized reinstatement costs </div><div id="a100152_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:466.91px;top:88px;">0</div><div id="a100155_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:537.404px;top:88px;">0</div><div id="a100158_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.564px;top:88px;">1</div><div id="a100161_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:673.697px;top:88px;">1</div><div id="a100164" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:100.8px;">Foreign currency translation / unwind<div style="display:inline-block;width:4.01px"> </div>of discount </div><div id="a100166_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.977px;top:100.8px;display:flex;">(91)</div><div id="a100169_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.204px;top:100.8px;display:flex;">(5)</div><div id="a100172_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:100.8px;display:flex;">(12)</div><div id="a100175_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:659.044px;top:100.8px;display:flex;">(108)</div><div id="a100178" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:114px;">Balance at the end of the year<div style="display:inline-block;width:3.64px"> </div></div><div id="a100180_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:449.884px;top:114px;">2,586</div><div id="a100183_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:524.644px;top:114px;">130</div><div id="a100185" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:114.6px;">2 </div><div id="a100187_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:114px;">326</div><div id="a100190_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.67px;top:114px;">3,042</div><div id="a100193" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:127.6px;">1 Consists of provisions for losses resulting<div style="display:inline-block;width:3.74px"> </div>from legal, liability<div style="display:inline-block;width:3.46px"> </div>and compliance risks.<div style="display:inline-block;width:9.15px"> </div>2 Consists of personnel-related<div style="display:inline-block;width:3.91px"> </div>restructuring provisions<div style="display:inline-block;width:3.59px"> </div>of USD </div><div id="a100193_157_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:474.412px;top:127.6px;">102</div><div id="a100193_160_48" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:487.18px;top:127.6px;">m as of 31 December 2022 (31<div style="display:inline-block;width:3.43px"> </div>December 2021: USD </div><div id="a100193_208_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:656.952px;top:127.6px;">125</div><div id="a100193_211_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:669.72px;top:127.6px;">m) </div><div id="a100201" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:138px;">and provisions for onerous contracts<div style="display:inline-block;width:3.91px"> </div>of USD </div><div id="a100201_44_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:142.687px;top:138px;">28</div><div id="a100201_46_48" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:151.672px;top:138px;">m as of 31 December 2022<div style="display:inline-block;width:3.55px"> </div>(31 December 2021: USD </div><div id="a100201_94_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:322.11px;top:138px;">47</div><div id="a100201_96_100" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:330.623px;top:138px;">m).<div style="display:inline-block;width:8.36px"> </div>3 Mainly includes provisions<div style="display:inline-block;width:3.5px"> </div>related to real<div style="display:inline-block;width:3.48px"> </div>estate, employee benefits and<div style="display:inline-block;width:3.8px"> </div>operational risks.</div></div><div id="TextBlockContainer458" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:129px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_456_XBRL_TS_638ca8c26a934f0d802c11275d563364" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer457" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:129px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a100208" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Restructuring<div style="display:inline-block;width:5.82px"> </div>provisions<div style="display:inline-block;width:6.26px"> </div>relate<div style="display:inline-block;width:5.98px"> </div>to<div style="display:inline-block;width:5.72px"> </div>personnel-related<div style="display:inline-block;width:6.31px"> </div>provisions<div style="display:inline-block;width:6.26px"> </div>and<div style="display:inline-block;width:6.08px"> </div>onerous<div style="display:inline-block;width:6.15px"> </div>contracts.<div style="display:inline-block;width:5.37px"> </div>Personnel-related<div style="display:inline-block;width:6.61px"> </div>restructuring </div><div id="a100213" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">provisions are<div style="display:inline-block;width:5.5px"> </div>generally used<div style="display:inline-block;width:5.6px"> </div>within a short<div style="display:inline-block;width:6.18px"> </div>period of<div style="display:inline-block;width:5.23px"> </div>time. The<div style="display:inline-block;width:5.2px"> </div>level of<div style="display:inline-block;width:5.42px"> </div>personnel-related<div style="display:inline-block;width:5.5px"> </div>provisions<div style="display:inline-block;width:5.31px"> </div>can change<div style="display:inline-block;width:5.24px"> </div>when </div><div id="a100216" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.7px;">natural<div style="display:inline-block;width:5.2px"> </div>staff<div style="display:inline-block;width:5.5px"> </div>attrition<div style="display:inline-block;width:5.79px"> </div>reduces<div style="display:inline-block;width:5.54px"> </div>the<div style="display:inline-block;width:5.25px"> </div>number<div style="display:inline-block;width:5.5px"> </div>of<div style="display:inline-block;width:5.25px"> </div>people<div style="display:inline-block;width:5.23px"> </div>affected by<div style="display:inline-block;width:6.5px"> </div>a<div style="display:inline-block;width:5.2px"> </div>restructuring<div style="display:inline-block;width:6.17px"> </div>event,<div style="display:inline-block;width:5.15px"> </div>and<div style="display:inline-block;width:5.61px"> </div>therefore<div style="display:inline-block;width:5.47px"> </div>results<div style="display:inline-block;width:5.33px"> </div>in<div style="display:inline-block;width:5.3px"> </div>lower </div><div id="a100218" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.4px;">estimated costs. Onerous contracts<div style="display:inline-block;width:2.17px"> </div>for property are<div style="display:inline-block;width:2.27px"> </div>recognized when UBS is<div style="display:inline-block;width:1.98px"> </div>committed to pay<div style="display:inline-block;width:2.11px"> </div>for non-lease components, </div><div id="a100221" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">such as<div style="display:inline-block;width:6.08px"> </div>utilities, service<div style="display:inline-block;width:6.22px"> </div>charges, taxes<div style="display:inline-block;width:6.27px"> </div>and<div style="display:inline-block;width:5.13px"> </div>maintenance,<div style="display:inline-block;width:5.3px"> </div>when<div style="display:inline-block;width:5.24px"> </div>a property<div style="display:inline-block;width:5.96px"> </div>is<div style="display:inline-block;width:5.15px"> </div>vacated<div style="display:inline-block;width:5.32px"> </div>or not<div style="display:inline-block;width:6.08px"> </div>fully recovered<div style="display:inline-block;width:6.54px"> </div>from sub-</div><div id="a100224" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:77.1px;">tenants.<div style="display:inline-block;width:4.07px"> </div></div><div id="a100226" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.8px;">Information about<div style="display:inline-block;width:5.75px"> </div>provisions and<div style="display:inline-block;width:5.35px"> </div>contingent liabilities in<div style="display:inline-block;width:5.38px"> </div>respect of litigation,<div style="display:inline-block;width:5.9px"> </div>regulatory and<div style="display:inline-block;width:5.32px"> </div>similar matters,<div style="display:inline-block;width:5.22px"> </div>as a class, </div><div id="a100228" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:115px;">is included in Note 17b.<div style="display:inline-block;width:5.15px"> </div>There are no material contingent liabilities associated<div style="display:inline-block;width:5.44px"> </div>with the other classes of provisions.</div></div></div></div> <div id="TextBlockContainer435" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:294px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a100021" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 17<div style="display:inline-block;width:8.21px"> </div>Provisions and contingent liabilities</div></div><div id="TextBlockContainer437" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:338px;height:44px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a100027" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">a) Provisions </div><div id="a100029" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.6px;">The table below presents<div style="display:inline-block;width:5.08px"> </div>an overview of total provisions.</div></div><div id="TextBlockContainer444" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:60px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_440_XBRL_TS_88203841147b4e07a52c31ac53975250" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer443" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:60px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_441_XBRL_TS_2b9b1c5e690a409eab633df5a1aba2a0" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer442" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:60px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a100032" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a100035" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a100037" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a100039" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:12.3px;">Provisions other than provisions for expected credit<div style="display:inline-block;width:3.96px"> </div>losses </div><div id="a100043_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:12.3px;">3,042</div><div id="a100046_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:12.3px;">3,322</div><div id="a100049" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:25.6px;">Provisions for expected credit losses</div><div id="a100050" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:132.857px;top:26.2px;">1 </div><div id="a100053_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:25.6px;">201</div><div id="a100056_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:25.6px;">196</div><div id="a100059" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:37.9px;">Total provisions </div><div id="a100062_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:37.9px;">3,243</div><div id="a100065_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:37.9px;">3,518</div><div id="a100068" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:51.5px;">1 Refer to Note 9 for more information<div style="display:inline-block;width:3.95px"> </div>about ECL provisions recognized<div style="display:inline-block;width:3.92px"> </div>for off-balance sheet financial<div style="display:inline-block;width:4.13px"> </div>instruments and credit lines.</div></div></div></div></div></div><div id="TextBlockContainer447" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:661px;height:14px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a100077" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">The following table presents<div style="display:inline-block;width:5.12px"> </div>additional information for provisions<div style="display:inline-block;width:5.38px"> </div>other than provisions for expected credit<div style="display:inline-block;width:5.28px"> </div>losses.</div></div><div id="TextBlockContainer454" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:147px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_450_XBRL_TS_a14d6f5624574f8d8ffb86fc53290e46" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer453" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:147px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_451_XBRL_TS_11a3a1255d64455bba5a0e8594dd3f7c" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer452" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:147px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a100080" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:23.7px;">USD m </div><div id="a100082" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.67px;top:0px;">Litigation, </div><div id="a100083" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.644px;top:11.8px;">regulatory and </div><div id="a100084" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:415.337px;top:23.7px;">similar matters</div><div id="a100085" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:468.337px;top:24.3px;">1</div><div id="a100087" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:493.897px;top:23.7px;">Restructuring </div><div id="a100089" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.097px;top:23.7px;">Other</div><div id="a100090" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:607.937px;top:24.3px;">3</div><div id="a100092" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:638.67px;top:23.7px;">Total 2022 </div><div id="a100094" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:35.9px;">Balance at the beginning of the<div style="display:inline-block;width:3.77px"> </div>year </div><div id="a100096_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:449.884px;top:35.9px;">2,798</div><div id="a100099_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:527.484px;top:35.9px;">172</div><div id="a100102_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:35.9px;">352</div><div id="a100105_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.67px;top:35.9px;">3,322</div><div id="a100108" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.7px;">Increase in provisions recognized in the income statement </div><div id="a100110_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.977px;top:48.7px;">406</div><div id="a100113_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:527.484px;top:48.7px;">231</div><div id="a100116_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.844px;top:48.7px;">53</div><div id="a100119_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:663.764px;top:48.7px;">690</div><div id="a100122" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:62px;">Release of provisions recognized in the income statement </div><div id="a100124_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.977px;top:62px;display:flex;">(58)</div><div id="a100127_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:527.484px;top:62px;display:flex;">(25)</div><div id="a100130_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:62px;display:flex;">(36)</div><div id="a100133_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:659.044px;top:62px;display:flex;">(118)</div><div id="a100136" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:74.7px;">Provisions used in conformity with designated purpose </div><div id="a100138_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:452.257px;top:74.7px;display:flex;">(470)</div><div id="a100141_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:522.75px;top:74.7px;display:flex;">(243)</div><div id="a100144_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:74.7px;display:flex;">(32)</div><div id="a100147_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:659.044px;top:74.7px;display:flex;">(745)</div><div id="a100150" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:88px;">Capitalized reinstatement costs </div><div id="a100152_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:466.91px;top:88px;">0</div><div id="a100155_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:537.404px;top:88px;">0</div><div id="a100158_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.564px;top:88px;">1</div><div id="a100161_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:673.697px;top:88px;">1</div><div id="a100164" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:100.8px;">Foreign currency translation / unwind<div style="display:inline-block;width:4.01px"> </div>of discount </div><div id="a100166_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.977px;top:100.8px;display:flex;">(91)</div><div id="a100169_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.204px;top:100.8px;display:flex;">(5)</div><div id="a100172_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:100.8px;display:flex;">(12)</div><div id="a100175_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:659.044px;top:100.8px;display:flex;">(108)</div><div id="a100178" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:114px;">Balance at the end of the year<div style="display:inline-block;width:3.64px"> </div></div><div id="a100180_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:449.884px;top:114px;">2,586</div><div id="a100183_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:524.644px;top:114px;">130</div><div id="a100185" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:114.6px;">2 </div><div id="a100187_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:114px;">326</div><div id="a100190_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.67px;top:114px;">3,042</div><div id="a100193" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:127.6px;">1 Consists of provisions for losses resulting<div style="display:inline-block;width:3.74px"> </div>from legal, liability<div style="display:inline-block;width:3.46px"> </div>and compliance risks.<div style="display:inline-block;width:9.15px"> </div>2 Consists of personnel-related<div style="display:inline-block;width:3.91px"> </div>restructuring provisions<div style="display:inline-block;width:3.59px"> </div>of USD </div><div id="a100193_157_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:474.412px;top:127.6px;">102</div><div id="a100193_160_48" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:487.18px;top:127.6px;">m as of 31 December 2022 (31<div style="display:inline-block;width:3.43px"> </div>December 2021: USD </div><div id="a100193_208_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:656.952px;top:127.6px;">125</div><div id="a100193_211_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:669.72px;top:127.6px;">m) </div><div id="a100201" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:138px;">and provisions for onerous contracts<div style="display:inline-block;width:3.91px"> </div>of USD </div><div id="a100201_44_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:142.687px;top:138px;">28</div><div id="a100201_46_48" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:151.672px;top:138px;">m as of 31 December 2022<div style="display:inline-block;width:3.55px"> </div>(31 December 2021: USD </div><div id="a100201_94_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:322.11px;top:138px;">47</div><div id="a100201_96_100" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:330.623px;top:138px;">m).<div style="display:inline-block;width:8.36px"> </div>3 Mainly includes provisions<div style="display:inline-block;width:3.5px"> </div>related to real<div style="display:inline-block;width:3.48px"> </div>estate, employee benefits and<div style="display:inline-block;width:3.8px"> </div>operational risks.</div></div></div></div></div></div><div id="TextBlockContainer457" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:129px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a100208" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Restructuring<div style="display:inline-block;width:5.82px"> </div>provisions<div style="display:inline-block;width:6.26px"> </div>relate<div style="display:inline-block;width:5.98px"> </div>to<div style="display:inline-block;width:5.72px"> </div>personnel-related<div style="display:inline-block;width:6.31px"> </div>provisions<div style="display:inline-block;width:6.26px"> </div>and<div style="display:inline-block;width:6.08px"> </div>onerous<div style="display:inline-block;width:6.15px"> </div>contracts.<div style="display:inline-block;width:5.37px"> </div>Personnel-related<div style="display:inline-block;width:6.61px"> </div>restructuring </div><div id="a100213" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">provisions are<div style="display:inline-block;width:5.5px"> </div>generally used<div style="display:inline-block;width:5.6px"> </div>within a short<div style="display:inline-block;width:6.18px"> </div>period of<div style="display:inline-block;width:5.23px"> </div>time. The<div style="display:inline-block;width:5.2px"> </div>level of<div style="display:inline-block;width:5.42px"> </div>personnel-related<div style="display:inline-block;width:5.5px"> </div>provisions<div style="display:inline-block;width:5.31px"> </div>can change<div style="display:inline-block;width:5.24px"> </div>when </div><div id="a100216" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.7px;">natural<div style="display:inline-block;width:5.2px"> </div>staff<div style="display:inline-block;width:5.5px"> </div>attrition<div style="display:inline-block;width:5.79px"> </div>reduces<div style="display:inline-block;width:5.54px"> </div>the<div style="display:inline-block;width:5.25px"> </div>number<div style="display:inline-block;width:5.5px"> </div>of<div style="display:inline-block;width:5.25px"> </div>people<div style="display:inline-block;width:5.23px"> </div>affected by<div style="display:inline-block;width:6.5px"> </div>a<div style="display:inline-block;width:5.2px"> </div>restructuring<div style="display:inline-block;width:6.17px"> </div>event,<div style="display:inline-block;width:5.15px"> </div>and<div style="display:inline-block;width:5.61px"> </div>therefore<div style="display:inline-block;width:5.47px"> </div>results<div style="display:inline-block;width:5.33px"> </div>in<div style="display:inline-block;width:5.3px"> </div>lower </div><div id="a100218" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.4px;">estimated costs. Onerous contracts<div style="display:inline-block;width:2.17px"> </div>for property are<div style="display:inline-block;width:2.27px"> </div>recognized when UBS is<div style="display:inline-block;width:1.98px"> </div>committed to pay<div style="display:inline-block;width:2.11px"> </div>for non-lease components, </div><div id="a100221" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">such as<div style="display:inline-block;width:6.08px"> </div>utilities, service<div style="display:inline-block;width:6.22px"> </div>charges, taxes<div style="display:inline-block;width:6.27px"> </div>and<div style="display:inline-block;width:5.13px"> </div>maintenance,<div style="display:inline-block;width:5.3px"> </div>when<div style="display:inline-block;width:5.24px"> </div>a property<div style="display:inline-block;width:5.96px"> </div>is<div style="display:inline-block;width:5.15px"> </div>vacated<div style="display:inline-block;width:5.32px"> </div>or not<div style="display:inline-block;width:6.08px"> </div>fully recovered<div style="display:inline-block;width:6.54px"> </div>from sub-</div><div id="a100224" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:77.1px;">tenants.<div style="display:inline-block;width:4.07px"> </div></div><div id="a100226" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.8px;">Information about<div style="display:inline-block;width:5.75px"> </div>provisions and<div style="display:inline-block;width:5.35px"> </div>contingent liabilities in<div style="display:inline-block;width:5.38px"> </div>respect of litigation,<div style="display:inline-block;width:5.9px"> </div>regulatory and<div style="display:inline-block;width:5.32px"> </div>similar matters,<div style="display:inline-block;width:5.22px"> </div>as a class, </div><div id="a100228" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:115px;">is included in Note 17b.<div style="display:inline-block;width:5.15px"> </div>There are no material contingent liabilities associated<div style="display:inline-block;width:5.44px"> </div>with the other classes of provisions.</div></div><div id="TextBlockContainer460" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:936px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a100277" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">b) Litigation, regulatory and<div style="display:inline-block;width:5.18px"> </div>similar matters </div><div id="a100282" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.3px;">The Group operates in a legal and<div style="display:inline-block;width:5.37px"> </div>regulatory environment that exposes it<div style="display:inline-block;width:5.19px"> </div>to significant litigation and<div style="display:inline-block;width:5.21px"> </div>similar risks arising </div><div id="a100284" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.9px;">from disputes and regulatory proceedings.<div style="display:inline-block;width:5.58px"> </div>As a result, UBS (which for purposes of this Note may refer to UBS Group<div style="display:inline-block;width:5.7px"> </div>AG </div><div id="a100285" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:58px;">and/or<div style="display:inline-block;width:5.76px"> </div>one<div style="display:inline-block;width:5.61px"> </div>or<div style="display:inline-block;width:5.25px"> </div>more<div style="display:inline-block;width:5.34px"> </div>of<div style="display:inline-block;width:5.25px"> </div>its<div style="display:inline-block;width:5.47px"> </div>subsidiaries,<div style="display:inline-block;width:5.59px"> </div>as<div style="display:inline-block;width:5.72px"> </div>applicable)<div style="display:inline-block;width:5.87px"> </div>is<div style="display:inline-block;width:5.15px"> </div>involved<div style="display:inline-block;width:5.67px"> </div>in<div style="display:inline-block;width:5.77px"> </div>various<div style="display:inline-block;width:5.92px"> </div>disputes<div style="display:inline-block;width:5.65px"> </div>and<div style="display:inline-block;width:5.61px"> </div>legal<div style="display:inline-block;width:5.2px"> </div>proceedings,<div style="display:inline-block;width:6.15px"> </div>including </div><div id="a100287" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:73.6px;">litigation, arbitration, and<div style="display:inline-block;width:5.22px"> </div>regulatory and criminal investigations. </div><div id="a100289" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:96.4px;">Such<div style="display:inline-block;width:5.4px"> </div>matters<div style="display:inline-block;width:5.11px"> </div>are<div style="display:inline-block;width:5.76px"> </div>subject<div style="display:inline-block;width:5.67px"> </div>to<div style="display:inline-block;width:5.72px"> </div>many<div style="display:inline-block;width:5.05px"> </div>uncertainties,<div style="display:inline-block;width:6.04px"> </div>and<div style="display:inline-block;width:5.61px"> </div>the<div style="display:inline-block;width:5.25px"> </div>outcome<div style="display:inline-block;width:5.77px"> </div>and<div style="display:inline-block;width:5.61px"> </div>the<div style="display:inline-block;width:5.25px"> </div>timing<div style="display:inline-block;width:6.04px"> </div>of<div style="display:inline-block;width:5.25px"> </div>resolution<div style="display:inline-block;width:5.78px"> </div>are<div style="display:inline-block;width:5.29px"> </div>often<div style="display:inline-block;width:5.3px"> </div>difficult<div style="display:inline-block;width:5.82px"> </div>to </div><div id="a100290" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:111.5px;">predict, particularly in the earlier stages of a case. There<div style="display:inline-block;width:5.19px"> </div>are also situations where the Group may enter into a settlement </div><div id="a100292" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:126.6px;">agreement.<div style="display:inline-block;width:6.44px"> </div>This<div style="display:inline-block;width:6.29px"> </div>may<div style="display:inline-block;width:6.27px"> </div>occur<div style="display:inline-block;width:6.47px"> </div>in<div style="display:inline-block;width:6.25px"> </div>order<div style="display:inline-block;width:6.49px"> </div>to<div style="display:inline-block;width:6.2px"> </div>avoid<div style="display:inline-block;width:6.25px"> </div>the<div style="display:inline-block;width:6.2px"> </div>expense,<div style="display:inline-block;width:6.98px"> </div>management<div style="display:inline-block;width:6.29px"> </div>distraction<div style="display:inline-block;width:7.35px"> </div>or<div style="display:inline-block;width:6.2px"> </div>reputational<div style="display:inline-block;width:6.53px"> </div>implications<div style="display:inline-block;width:6.35px"> </div>of </div><div id="a100293" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:142.2px;">continuing<div style="display:inline-block;width:7.27px"> </div>to<div style="display:inline-block;width:6.67px"> </div>contest<div style="display:inline-block;width:6.57px"> </div>liability,<div style="display:inline-block;width:6.32px"> </div>even<div style="display:inline-block;width:6.62px"> </div>for<div style="display:inline-block;width:6.52px"> </div>those<div style="display:inline-block;width:7.07px"> </div>matters<div style="display:inline-block;width:7px"> </div>for<div style="display:inline-block;width:6.52px"> </div>which<div style="display:inline-block;width:6.82px"> </div>the<div style="display:inline-block;width:6.67px"> </div>Group<div style="display:inline-block;width:7.21px"> </div>believes<div style="display:inline-block;width:6.46px"> </div>it<div style="display:inline-block;width:6.36px"> </div>should<div style="display:inline-block;width:7.37px"> </div>be<div style="display:inline-block;width:6.82px"> </div>exonerated.<div style="display:inline-block;width:6.82px"> </div>The </div><div id="a100295" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:157.4px;">uncertainties inherent<div style="display:inline-block;width:5.53px"> </div>in all such<div style="display:inline-block;width:5.08px"> </div>matters affect the amount<div style="display:inline-block;width:5.82px"> </div>and timing<div style="display:inline-block;width:5.13px"> </div>of any potential outflows<div style="display:inline-block;width:5.53px"> </div>for both<div style="display:inline-block;width:5.18px"> </div>matters with </div><div id="a100296" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:173px;">respect to which<div style="display:inline-block;width:5.64px"> </div>provisions have been<div style="display:inline-block;width:5.45px"> </div>established and other<div style="display:inline-block;width:5.31px"> </div>contingent liabilities. The<div style="display:inline-block;width:5.37px"> </div>Group makes provisions<div style="display:inline-block;width:5.53px"> </div>for such </div><div id="a100298" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:188.2px;">matters brought against<div style="display:inline-block;width:5.04px"> </div>it when, in the opinion of management after seeking legal advice, it is more likely than not<div style="display:inline-block;width:5.02px"> </div>that </div><div id="a100299" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:203.3px;">the<div style="display:inline-block;width:5.25px"> </div>Group<div style="display:inline-block;width:5.79px"> </div>has<div style="display:inline-block;width:5.45px"> </div>a<div style="display:inline-block;width:5.2px"> </div>present<div style="display:inline-block;width:5.59px"> </div>legal<div style="display:inline-block;width:5.2px"> </div>or<div style="display:inline-block;width:5.25px"> </div>constructive<div style="display:inline-block;width:5.16px"> </div>obligation<div style="display:inline-block;width:6.22px"> </div>as<div style="display:inline-block;width:5.25px"> </div>a<div style="display:inline-block;width:5.2px"> </div>result<div style="display:inline-block;width:5.28px"> </div>of<div style="display:inline-block;width:5.25px"> </div>past<div style="display:inline-block;width:5.3px"> </div>events,<div style="display:inline-block;width:6.43px"> </div>it is<div style="display:inline-block;width:6.41px"> </div>probable<div style="display:inline-block;width:5.99px"> </div>that<div style="display:inline-block;width:5.1px"> </div>an<div style="display:inline-block;width:5.4px"> </div>outflow<div style="display:inline-block;width:5.5px"> </div>of </div><div id="a100301" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:218.9px;">resources<div style="display:inline-block;width:5.67px"> </div>will be<div style="display:inline-block;width:6.72px"> </div>required,<div style="display:inline-block;width:5.98px"> </div>and<div style="display:inline-block;width:5.61px"> </div>the<div style="display:inline-block;width:5.25px"> </div>amount<div style="display:inline-block;width:5.5px"> </div>can<div style="display:inline-block;width:5.2px"> </div>be<div style="display:inline-block;width:5.4px"> </div>reliably<div style="display:inline-block;width:5.45px"> </div>estimated.<div style="display:inline-block;width:6.41px"> </div>Where<div style="display:inline-block;width:5.29px"> </div>these<div style="display:inline-block;width:5.77px"> </div>factors<div style="display:inline-block;width:5.26px"> </div>are<div style="display:inline-block;width:5.29px"> </div>otherwise<div style="display:inline-block;width:5.82px"> </div>satisfied,<div style="display:inline-block;width:5.56px"> </div>a </div><div id="a100302" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:234px;">provision may be established for claims that have<div style="display:inline-block;width:2.15px"> </div>not yet been asserted against the Group, but are nevertheless expected </div><div id="a100304" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:249.7px;">to be, based<div style="display:inline-block;width:5.27px"> </div>on the Group’s<div style="display:inline-block;width:5.66px"> </div>experience with similar asserted<div style="display:inline-block;width:5.67px"> </div>claims. If any<div style="display:inline-block;width:5.21px"> </div>of those conditions<div style="display:inline-block;width:5.78px"> </div>is not met, such<div style="display:inline-block;width:5.76px"> </div>matters </div><div id="a100305" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:264.8px;">result<div style="display:inline-block;width:5.28px"> </div>in<div style="display:inline-block;width:5.3px"> </div>contingent<div style="display:inline-block;width:5.13px"> </div>liabilities. If<div style="display:inline-block;width:6.04px"> </div>the<div style="display:inline-block;width:5.25px"> </div>amount<div style="display:inline-block;width:5.5px"> </div>of<div style="display:inline-block;width:5.25px"> </div>an obligation<div style="display:inline-block;width:6.53px"> </div>cannot be<div style="display:inline-block;width:6.71px"> </div>reliably estimated,<div style="display:inline-block;width:6.29px"> </div>a<div style="display:inline-block;width:5.2px"> </div>liability exists<div style="display:inline-block;width:6.16px"> </div>that<div style="display:inline-block;width:5.48px"> </div>is<div style="display:inline-block;width:5.15px"> </div>not </div><div id="a100307" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:280.4px;">recognized<div style="display:inline-block;width:5.59px"> </div>even<div style="display:inline-block;width:5.2px"> </div>if<div style="display:inline-block;width:5.42px"> </div>an<div style="display:inline-block;width:5.4px"> </div>outflow<div style="display:inline-block;width:5.5px"> </div>of<div style="display:inline-block;width:5.25px"> </div>resources<div style="display:inline-block;width:6.15px"> </div>is<div style="display:inline-block;width:5.15px"> </div>probable.<div style="display:inline-block;width:6.1px"> </div>Accordingly,<div style="display:inline-block;width:5.81px"> </div>no<div style="display:inline-block;width:5.61px"> </div>provision<div style="display:inline-block;width:5.74px"> </div>is<div style="display:inline-block;width:5.15px"> </div>established<div style="display:inline-block;width:5.54px"> </div>even<div style="display:inline-block;width:5.67px"> </div>if<div style="display:inline-block;width:5.42px"> </div>the<div style="display:inline-block;width:5.25px"> </div>potential </div><div id="a100308" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:295.5px;">outflow of resources with respect to such<div style="display:inline-block;width:2.25px"> </div>matters could be significant.<div style="display:inline-block;width:2.08px"> </div>Developments relating to a matter that<div style="display:inline-block;width:2.07px"> </div>occur after </div><div id="a100309" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:310.7px;">the relevant reporting<div style="display:inline-block;width:5.8px"> </div>period, but<div style="display:inline-block;width:5.07px"> </div>prior to the<div style="display:inline-block;width:5.5px"> </div>issuance of financial statements,<div style="display:inline-block;width:5.76px"> </div>which affect<div style="display:inline-block;width:5.09px"> </div>management’s assessment </div><div id="a100312" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:326.3px;">of the provision for such matter<div style="display:inline-block;width:5.41px"> </div>(because, for example,<div style="display:inline-block;width:5.14px"> </div>the developments provide<div style="display:inline-block;width:5.14px"> </div>evidence of conditions that existed<div style="display:inline-block;width:5.27px"> </div>at </div><div id="a100313" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:341.4px;">the end of the reporting period), are adjusting events after the reporting<div style="display:inline-block;width:5.24px"> </div>period under IAS 10 and must be recognized in </div><div id="a100315" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:357px;">the financial statements for the reporting<div style="display:inline-block;width:5.15px"> </div>period. </div><div id="a100317" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:379.7px;">Specific<div style="display:inline-block;width:6.53px"> </div>litigation,<div style="display:inline-block;width:7.08px"> </div>regulatory<div style="display:inline-block;width:6.7px"> </div>and<div style="display:inline-block;width:7.03px"> </div>other<div style="display:inline-block;width:6.72px"> </div>matters<div style="display:inline-block;width:6.06px"> </div>are<div style="display:inline-block;width:6.71px"> </div>described<div style="display:inline-block;width:6.82px"> </div>below,<div style="display:inline-block;width:6.91px"> </div>including<div style="display:inline-block;width:7.12px"> </div>all<div style="display:inline-block;width:6.41px"> </div>such<div style="display:inline-block;width:6.87px"> </div>matters<div style="display:inline-block;width:6.53px"> </div>that<div style="display:inline-block;width:6.52px"> </div>management </div><div id="a100319" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:394.9px;">considers to<div style="display:inline-block;width:2.29px"> </div>be material and<div style="display:inline-block;width:2.04px"> </div>others that<div style="display:inline-block;width:2.04px"> </div>management believes to<div style="display:inline-block;width:2.14px"> </div>be of<div style="display:inline-block;width:2.25px"> </div>significance due to<div style="display:inline-block;width:2.34px"> </div>potential financial, reputational </div><div id="a100320" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:410px;">and<div style="display:inline-block;width:5.61px"> </div>other<div style="display:inline-block;width:5.3px"> </div>effects. The<div style="display:inline-block;width:6.66px"> </div>amount<div style="display:inline-block;width:5.03px"> </div>of damages<div style="display:inline-block;width:6.6px"> </div>claimed, the<div style="display:inline-block;width:6.52px"> </div>size of<div style="display:inline-block;width:6.52px"> </div>a<div style="display:inline-block;width:5.2px"> </div>transaction<div style="display:inline-block;width:5.09px"> </div>or<div style="display:inline-block;width:5.25px"> </div>other information<div style="display:inline-block;width:6.34px"> </div>is<div style="display:inline-block;width:5.15px"> </div>provided<div style="display:inline-block;width:5.79px"> </div>where </div><div id="a100321" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:425.6px;">available and appropriate in order<div style="display:inline-block;width:5.24px"> </div>to assist users in considering the<div style="display:inline-block;width:5.03px"> </div>magnitude of potential exposures. </div><div id="a100324" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:448.4px;">In the case of certain matters below,<div style="display:inline-block;width:5.19px"> </div>we state that we have established<div style="display:inline-block;width:5.44px"> </div>a provision, and<div style="display:inline-block;width:5.03px"> </div>for the other matters, we make </div><div id="a100325" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:463.5px;">no such<div style="display:inline-block;width:5.49px"> </div>statement. When we<div style="display:inline-block;width:5.46px"> </div>make this<div style="display:inline-block;width:5.15px"> </div>statement and<div style="display:inline-block;width:5.97px"> </div>we expect disclosure<div style="display:inline-block;width:6.01px"> </div>of the<div style="display:inline-block;width:5.4px"> </div>amount of<div style="display:inline-block;width:5.18px"> </div>a provision<div style="display:inline-block;width:5.37px"> </div>to prejudice </div><div id="a100327" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:479.1px;">seriously our position with other<div style="display:inline-block;width:5.03px"> </div>parties in the matter because it would reveal what UBS<div style="display:inline-block;width:5.45px"> </div>believes to be the probable and </div><div id="a100328" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:494.2px;">reliably estimable<div style="display:inline-block;width:5.29px"> </div>outflow, we<div style="display:inline-block;width:5.6px"> </div>do not<div style="display:inline-block;width:5.49px"> </div>disclose that<div style="display:inline-block;width:5.29px"> </div>amount. In<div style="display:inline-block;width:5.56px"> </div>some cases<div style="display:inline-block;width:5.3px"> </div>we are<div style="display:inline-block;width:5.5px"> </div>subject to<div style="display:inline-block;width:5.82px"> </div>confidentiality obligations </div><div id="a100330" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:509.4px;">that preclude<div style="display:inline-block;width:6.06px"> </div>such disclosure.<div style="display:inline-block;width:6.99px"> </div>With respect<div style="display:inline-block;width:6.61px"> </div>to the<div style="display:inline-block;width:6.35px"> </div>matters<div style="display:inline-block;width:5.11px"> </div>for which<div style="display:inline-block;width:5.88px"> </div>we<div style="display:inline-block;width:5.31px"> </div>do<div style="display:inline-block;width:5.13px"> </div>not state<div style="display:inline-block;width:6.25px"> </div>whether we<div style="display:inline-block;width:6.56px"> </div>have<div style="display:inline-block;width:5.2px"> </div>established<div style="display:inline-block;width:5.07px"> </div>a </div><div id="a100331" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:525px;">provision, either: (a) we have<div style="display:inline-block;width:2.21px"> </div>not established a<div style="display:inline-block;width:2.22px"> </div>provision, in which case the<div style="display:inline-block;width:2.2px"> </div>matter is treated<div style="display:inline-block;width:2.17px"> </div>as a contingent liability<div style="display:inline-block;width:1.98px"> </div>under </div><div id="a100333" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:540.1px;">the applicable accounting standard;<div style="display:inline-block;width:5.28px"> </div>or (b) we have established a provision<div style="display:inline-block;width:5.37px"> </div>but expect disclosure of that fact to prejudice </div><div id="a100334" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:555.7px;">seriously our<div style="display:inline-block;width:5.02px"> </div>position with<div style="display:inline-block;width:5.38px"> </div>other parties<div style="display:inline-block;width:5.24px"> </div>in the matter<div style="display:inline-block;width:5.89px"> </div>because it would<div style="display:inline-block;width:6.01px"> </div>reveal the<div style="display:inline-block;width:5.13px"> </div>fact that UBS<div style="display:inline-block;width:5.92px"> </div>believes an<div style="display:inline-block;width:5.35px"> </div>outflow of </div><div id="a100336" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:570.9px;">resources to be probable<div style="display:inline-block;width:5.14px"> </div>and reliably estimable. </div><div id="a100338" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:594.1px;">With respect to certain litigation, regulatory and similar matters for which we have<div style="display:inline-block;width:5.03px"> </div>established provisions, we are able to </div><div id="a100339" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:609.2px;">estimate the expected<div style="display:inline-block;width:5.74px"> </div>timing of<div style="display:inline-block;width:5.24px"> </div>outflows. However,<div style="display:inline-block;width:5.95px"> </div>the aggregate amount<div style="display:inline-block;width:5.83px"> </div>of the expected outflows<div style="display:inline-block;width:5.81px"> </div>for those<div style="display:inline-block;width:5.03px"> </div>matters </div><div id="a100341" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:624.3px;">for which<div style="display:inline-block;width:5.88px"> </div>we are<div style="display:inline-block;width:5.5px"> </div>able to<div style="display:inline-block;width:5.45px"> </div>estimate expected<div style="display:inline-block;width:5.58px"> </div>timing<div style="display:inline-block;width:5.09px"> </div>is immaterial<div style="display:inline-block;width:5.27px"> </div>relative to<div style="display:inline-block;width:5.82px"> </div>our current<div style="display:inline-block;width:6.01px"> </div>and<div style="display:inline-block;width:5.13px"> </div>expected levels<div style="display:inline-block;width:5.26px"> </div>of liquidity </div><div id="a100342" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:639.5px;">over the relevant time periods. </div><div id="a100344" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:662.7px;">The aggregate amount provisioned<div style="display:inline-block;width:5.4px"> </div>for litigation, regulatory and similar matters as a class is disclosed<div style="display:inline-block;width:5.08px"> </div>in the “Provisions” </div><div id="a100345" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:677.8px;">table in Note 17a above. It<div style="display:inline-block;width:2.23px"> </div>is not practicable to provide an aggregate estimate of<div style="display:inline-block;width:2.17px"> </div>liability for our litigation, regulatory and </div><div id="a100350" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:692.9px;">similar matters as a class of contingent liabilities. Doing so would require UBS to provide speculative legal assessments<div style="display:inline-block;width:5.02px"> </div>as </div><div id="a100352" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:708.5px;">to claims<div style="display:inline-block;width:5.31px"> </div>and<div style="display:inline-block;width:5.13px"> </div>proceedings<div style="display:inline-block;width:5.1px"> </div>that involve<div style="display:inline-block;width:5.47px"> </div>unique fact<div style="display:inline-block;width:5.5px"> </div>patterns or<div style="display:inline-block;width:5.58px"> </div>novel legal<div style="display:inline-block;width:5.87px"> </div>theories, that have<div style="display:inline-block;width:5.93px"> </div>not yet<div style="display:inline-block;width:5.68px"> </div>been initiated<div style="display:inline-block;width:5.5px"> </div>or </div><div id="a100353" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:723.7px;">are at early stages of adjudication, or as to which<div style="display:inline-block;width:5.21px"> </div>alleged damages have not been quantified by the claimants. Although </div><div id="a100355" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:738.8px;">UBS<div style="display:inline-block;width:5.08px"> </div>therefore cannot<div style="display:inline-block;width:5.83px"> </div>provide<div style="display:inline-block;width:5.12px"> </div>a numerical estimate<div style="display:inline-block;width:6px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>future losses<div style="display:inline-block;width:6.21px"> </div>that could<div style="display:inline-block;width:5.98px"> </div>arise from<div style="display:inline-block;width:5.08px"> </div>litigation,<div style="display:inline-block;width:5.19px"> </div>regulatory and </div><div id="a100356" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:754.4px;">similar<div style="display:inline-block;width:5.1px"> </div>matters,<div style="display:inline-block;width:5.69px"> </div>UBS<div style="display:inline-block;width:5.56px"> </div>believes<div style="display:inline-block;width:5.14px"> </div>that<div style="display:inline-block;width:5.57px"> </div>the<div style="display:inline-block;width:5.25px"> </div>aggregate<div style="display:inline-block;width:5.74px"> </div>amount<div style="display:inline-block;width:5.5px"> </div>of<div style="display:inline-block;width:5.25px"> </div>possible<div style="display:inline-block;width:5.7px"> </div>future<div style="display:inline-block;width:5.39px"> </div>losses<div style="display:inline-block;width:5.45px"> </div>from<div style="display:inline-block;width:5.18px"> </div>this<div style="display:inline-block;width:5.2px"> </div>class<div style="display:inline-block;width:5.47px"> </div>that<div style="display:inline-block;width:5.1px"> </div>are<div style="display:inline-block;width:5.76px"> </div>more<div style="display:inline-block;width:5.34px"> </div>than </div><div id="a100358" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:769.6px;">remote substantially exceeds the level of<div style="display:inline-block;width:5.12px"> </div>current provisions.<div style="display:inline-block;width:4.78px"> </div></div><div id="a100360" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:792.8px;">Litigation, regulatory<div style="display:inline-block;width:5.28px"> </div>and similar matters<div style="display:inline-block;width:5.15px"> </div>may also result<div style="display:inline-block;width:5.28px"> </div>in non-monetary penalties<div style="display:inline-block;width:5.55px"> </div>and consequences.<div style="display:inline-block;width:5.57px"> </div>A guilty plea to, </div><div id="a100364" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:807.9px;">or conviction<div style="display:inline-block;width:5.67px"> </div>of, a<div style="display:inline-block;width:5.93px"> </div>crime could<div style="display:inline-block;width:5.47px"> </div>have material<div style="display:inline-block;width:5.11px"> </div>consequences<div style="display:inline-block;width:5.43px"> </div>for UBS.<div style="display:inline-block;width:5.66px"> </div>Resolution of<div style="display:inline-block;width:5.58px"> </div>regulatory proceedings<div style="display:inline-block;width:6.23px"> </div>may require </div><div id="a100365" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:823px;">UBS to obtain waivers of regulatory disqualifications<div style="display:inline-block;width:5.53px"> </div>to maintain certain operations, may entitle regulatory authorities<div style="display:inline-block;width:5.41px"> </div>to </div><div id="a100366" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:838.2px;">limit,<div style="display:inline-block;width:5.63px"> </div>suspend<div style="display:inline-block;width:6.11px"> </div>or<div style="display:inline-block;width:5.72px"> </div>terminate<div style="display:inline-block;width:5.16px"> </div>licenses<div style="display:inline-block;width:6.04px"> </div>and<div style="display:inline-block;width:6.08px"> </div>regulatory<div style="display:inline-block;width:5.75px"> </div>authorizations,<div style="display:inline-block;width:5.97px"> </div>and<div style="display:inline-block;width:6.08px"> </div>may<div style="display:inline-block;width:5.32px"> </div>permit<div style="display:inline-block;width:5.79px"> </div>financial<div style="display:inline-block;width:5.41px"> </div>market<div style="display:inline-block;width:6.16px"> </div>utilities<div style="display:inline-block;width:5.68px"> </div>to<div style="display:inline-block;width:5.72px"> </div>limit, </div><div id="a100367" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:853.8px;">suspend or terminate UBS’s<div style="display:inline-block;width:5.05px"> </div>participation in such utilities. Failure<div style="display:inline-block;width:5.31px"> </div>to obtain such waivers,<div style="display:inline-block;width:5.01px"> </div>or any limitation, suspension<div style="display:inline-block;width:5.78px"> </div>or </div><div id="a100368" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:869px;">termination of licenses, authorizations<div style="display:inline-block;width:5.09px"> </div>or participations, could have material<div style="display:inline-block;width:5.29px"> </div>consequences for UBS. </div><div id="a100372" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:892.1px;">The risk of loss associated with<div style="display:inline-block;width:5.58px"> </div>litigation, regulatory and similar<div style="display:inline-block;width:5.41px"> </div>matters is a component<div style="display:inline-block;width:5.4px"> </div>of operational risk for<div style="display:inline-block;width:5.07px"> </div>purposes </div><div id="a100373" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:907.3px;">of determining capital requirements. Information<div style="display:inline-block;width:5.17px"> </div>concerning our capital requirements and<div style="display:inline-block;width:5.49px"> </div>the calculation of operational </div><div id="a100375" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:922.4px;">risk for this purpose is included<div style="display:inline-block;width:5.03px"> </div>in the “Capital, liquidity and<div style="display:inline-block;width:5.01px"> </div>funding, and balance sheet” section<div style="display:inline-block;width:5.09px"> </div>of this report.</div></div><div id="TextBlockContainer464" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:206px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_462_XBRL_TS_e5235581b07b4d5da9c9b34c01de29d6" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer463" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:206px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a100420" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:2.8px;">Provisions for litigation, regulatory<div style="display:inline-block;width:4.83px"> </div>and similar matters by business division<div style="display:inline-block;width:4.17px"> </div>and in Group Functions</div><div id="a100421" style="position:absolute;font-family:'Frutiger';font-size:6.148px;font-weight:bold;font-style:normal;left:471.662px;top:3.5px;">1</div><div id="a100423" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:53.2px;">USD m </div><div id="a100425" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:353.848px;top:29.5px;">Global Wealth<div style="display:inline-block;width:2.91px"> </div></div><div id="a100427" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.768px;top:41.3px;">Manage- </div><div id="a100430" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.955px;top:53.2px;">ment </div><div id="a100432" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.395px;top:29.5px;">Personal &amp; </div><div id="a100433" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:425.768px;top:41.3px;">Corporate </div><div id="a100434" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:432.382px;top:53.2px;">Banking </div><div id="a100436" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:495.822px;top:29.5px;"><div style="display:inline-block;width:2.36px"> </div>Asset<div style="display:inline-block;width:2.72px"> </div></div><div id="a100439" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:484.915px;top:41.3px;">Manage- </div><div id="a100442" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:499.128px;top:53.2px;">ment </div><div id="a100444" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.755px;top:41.3px;">Investment<div style="display:inline-block;width:2.56px"> </div></div><div id="a100446" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.075px;top:53.2px;">Bank </div><div id="a100448" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:602.755px;top:41.3px;">Group </div><div id="a100449" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:590.902px;top:53.2px;">Functions </div><div id="a100451" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:638.702px;top:53.2px;">Total 2022 </div><div id="a100453" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:66.4px;">Balance at the beginning of the<div style="display:inline-block;width:3.77px"> </div>year </div><div id="a100456_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:383.648px;top:66.4px;">1,338</div><div id="a100459_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:447.555px;top:66.4px;">181</div><div id="a100462_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.848px;top:66.4px;">8</div><div id="a100465_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:556.848px;top:66.4px;">310</div><div id="a100468_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:610.795px;top:66.4px;">962</div><div id="a100471_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.702px;top:66.4px;">2,798</div><div id="a100474" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:82px;">Increase in provisions recognized in the income statement </div><div id="a100476_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:390.768px;top:82px;">268</div><div id="a100479_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:457.475px;top:82px;">2</div><div id="a100482_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.848px;top:82px;">1</div><div id="a100485_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:556.848px;top:82px;">129</div><div id="a100488_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:620.728px;top:82px;">6</div><div id="a100491_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:663.795px;top:82px;">406</div><div id="a100494" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:97.1px;">Release of provisions recognized in the income statement </div><div id="a100496_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:390.768px;top:97.1px;display:flex;">(23)</div><div id="a100499_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:447.555px;top:97.1px;display:flex;">(15)</div><div id="a100502_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.848px;top:97.1px;">0</div><div id="a100505_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:97.1px;display:flex;">(8)</div><div id="a100508_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:610.795px;top:97.1px;display:flex;">(12)</div><div id="a100511_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:664.262px;top:97.1px;display:flex;">(58)</div><div id="a100514" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:113.3px;">Provisions used in conformity with designated purpose </div><div id="a100517_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.008px;top:113.3px;display:flex;">(331)</div><div id="a100520_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:457.475px;top:113.3px;">0</div><div id="a100523_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.848px;top:113.3px;">0</div><div id="a100526_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:552.128px;top:113.3px;display:flex;">(115)</div><div id="a100529_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:610.795px;top:113.3px;display:flex;">(23)</div><div id="a100532_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:659.062px;top:113.3px;display:flex;">(470)</div><div id="a100535" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:129.3px;">Reclassifications </div><div id="a100537_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:400.702px;top:129.3px;">0</div><div id="a100540_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:457.475px;top:129.3px;">0</div><div id="a100543_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.848px;top:129.3px;">0</div><div id="a100546_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:129.3px;">4</div><div id="a100549_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.528px;top:129.3px;display:flex;">(4)</div><div id="a100552_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:673.728px;top:129.3px;">0</div><div id="a100555" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:145.9px;">Foreign currency translation / unwind<div style="display:inline-block;width:4.01px"> </div>of discount </div><div id="a100557_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:390.768px;top:145.9px;display:flex;">(70)</div><div id="a100560_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:452.275px;top:145.9px;display:flex;">(9)</div><div id="a100563_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.848px;top:145.9px;">0</div><div id="a100566_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:556.848px;top:145.9px;display:flex;">(11)</div><div id="a100569_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:620.728px;top:145.9px;">0</div><div id="a100572_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:664.262px;top:145.9px;display:flex;">(91)</div><div id="a100575" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:162px;">Balance at the end of the year </div><div id="a100577_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.648px;top:162px;">1,182</div><div id="a100580_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:447.555px;top:162px;">159</div><div id="a100583_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:512.848px;top:162px;">8</div><div id="a100586_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:556.848px;top:162px;">308</div><div id="a100589_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.795px;top:162px;">928</div><div id="a100592_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.702px;top:162px;">2,586</div><div id="a100595" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:177.4px;">1 Provisions, if<div style="display:inline-block;width:3.93px"> </div>any, for<div style="display:inline-block;width:3.39px"> </div>the matters<div style="display:inline-block;width:3.47px"> </div>described in items<div style="display:inline-block;width:3.93px"> </div>3 and 4<div style="display:inline-block;width:3.51px"> </div>of this Note<div style="display:inline-block;width:3.46px"> </div>are recorded in<div style="display:inline-block;width:3.63px"> </div>Global Wealth<div style="display:inline-block;width:4.09px"> </div>Management, and<div style="display:inline-block;width:3.65px"> </div>provisions,<div style="display:inline-block;width:3.54px"> </div>if any, for<div style="display:inline-block;width:4.02px"> </div>the matters<div style="display:inline-block;width:3.47px"> </div>described in item 2<div style="display:inline-block;width:3.74px"> </div>are recorded in<div style="display:inline-block;width:4.11px"> </div>Group Functions. </div><div id="a100600" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:187.9px;">Provisions, if any,<div style="display:inline-block;width:3.53px"> </div>for the matters described<div style="display:inline-block;width:4.2px"> </div>in items 1 and 6<div style="display:inline-block;width:3.66px"> </div>of this Note are allocated<div style="display:inline-block;width:3.63px"> </div>between Global Wealth<div style="display:inline-block;width:3.79px"> </div>Management and Personal<div style="display:inline-block;width:4.12px"> </div>&amp; Corporate Banking,<div style="display:inline-block;width:3.94px"> </div>provisions, if any,<div style="display:inline-block;width:3.79px"> </div>for the matters described<div style="display:inline-block;width:4.11px"> </div>in item 5 </div><div id="a100609" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:197.8px;">are allocated between the Investment<div style="display:inline-block;width:3.64px"> </div>Bank and Group Functions,<div style="display:inline-block;width:4.11px"> </div>and provisions, if<div style="display:inline-block;width:3.45px"> </div>any, for the<div style="display:inline-block;width:3.43px"> </div>matters described in item 7 are<div style="display:inline-block;width:3.83px"> </div>allocated between Global<div style="display:inline-block;width:3.79px"> </div>Wealth Management and<div style="display:inline-block;width:3.49px"> </div>the Investment Bank.</div></div></div></div><div id="TextBlockContainer466" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:648px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a100616" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">1. Inquiries regarding cross<div style="display:inline-block;width:1.49px"> </div>-border wealth management businesses<div style="display:inline-block;width:5.03px"> </div></div><div id="a100623" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">Tax and regulatory authorities in a number of countries have<div style="display:inline-block;width:2.22px"> </div>made inquiries, served requests for information or examined </div><div id="a100625" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.7px;">employees located in<div style="display:inline-block;width:5.45px"> </div>their respective jurisdictions<div style="display:inline-block;width:5.8px"> </div>relating to<div style="display:inline-block;width:5.48px"> </div>the cross-border<div style="display:inline-block;width:5.7px"> </div>wealth management services<div style="display:inline-block;width:5.04px"> </div>provided by </div><div id="a100628" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">UBS and other financial institutions.<div style="display:inline-block;width:5.15px"> </div></div><div id="a100632" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:68.6px;">Since 2013, UBS (France) S.A., UBS AG and certain former employees have been under investigation in France in relation </div><div id="a100634" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:83.7px;">to UBS’s cross-border business with French clients. In connection with this investigation, the investigating judges ordered </div><div id="a100637" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.3px;">UBS AG to provide bail<div style="display:inline-block;width:5.03px"> </div>(“caution”) of EUR </div><div id="a100637_42_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:249.552px;top:99.3px;">1.1</div><div id="a100637_45_5" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:268.468px;top:99.3px;">bn.<div style="display:inline-block;width:3.38px"> </div></div><div id="a100643" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:122.1px;">On 20 February 2019, the court of<div style="display:inline-block;width:2.3px"> </div>first instance returned a<div style="display:inline-block;width:1.83px"> </div>verdict finding UBS AG<div style="display:inline-block;width:2.21px"> </div>guilty of unlawful<div style="display:inline-block;width:2.34px"> </div>solicitation of clients </div><div id="a100648" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:137.2px;">on French<div style="display:inline-block;width:5.32px"> </div>territory and<div style="display:inline-block;width:5.31px"> </div>aggravated laundering<div style="display:inline-block;width:5.58px"> </div>of the proceeds<div style="display:inline-block;width:6.05px"> </div>of tax fraud,<div style="display:inline-block;width:6.25px"> </div>and UBS<div style="display:inline-block;width:5.12px"> </div>(France) S.A.<div style="display:inline-block;width:5.05px"> </div>guilty of<div style="display:inline-block;width:5.2px"> </div>aiding and </div><div id="a100649" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:152.8px;">abetting<div style="display:inline-block;width:7.29px"> </div>unlawful<div style="display:inline-block;width:7.44px"> </div>solicitation<div style="display:inline-block;width:6.94px"> </div>and<div style="display:inline-block;width:7.5px"> </div>of<div style="display:inline-block;width:6.67px"> </div>laundering<div style="display:inline-block;width:7.27px"> </div>the<div style="display:inline-block;width:7.14px"> </div>proceeds<div style="display:inline-block;width:7.16px"> </div>of<div style="display:inline-block;width:6.67px"> </div>tax<div style="display:inline-block;width:6.74px"> </div>fraud.<div style="display:inline-block;width:7.3px"> </div>The<div style="display:inline-block;width:6.82px"> </div>court<div style="display:inline-block;width:6.99px"> </div>imposed<div style="display:inline-block;width:7.49px"> </div>fines<div style="display:inline-block;width:7.09px"> </div>aggregating </div><div id="a100651" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:167.9px;">EUR </div><div id="a100651_4_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:31.893px;top:167.9px;">3.7</div><div id="a100651_7_51" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:50.336px;top:167.9px;">bn on UBS AG and UBS<div style="display:inline-block;width:5.33px"> </div>(France) S.A. and awarded EUR </div><div id="a100651_58_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:369.258px;top:167.9px;">800</div><div id="a100651_61_55" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:391.485px;top:167.9px;">m of civil damages to the French state. A<div style="display:inline-block;width:5.22px"> </div>trial in the </div><div id="a100656" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183.1px;">French Court of Appeal took<div style="display:inline-block;width:5.29px"> </div>place in March 2021. On 13<div style="display:inline-block;width:5.09px"> </div>December 2021, the Court of Appeal<div style="display:inline-block;width:5.42px"> </div>found UBS AG guilty of </div><div id="a100660" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:198.7px;">unlawful solicitation and aggravated laundering of the proceeds of tax<div style="display:inline-block;width:2.03px"> </div>fraud. The court ordered a fine of EUR </div><div id="a100660_110_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:623.378px;top:198.7px;">3.75</div><div id="a100660_114_7" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:649.861px;top:198.7px;">m, the </div><div id="a100663" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:213.8px;">confiscation of EUR </div><div id="a100663_20_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:119.418px;top:213.8px;">1</div><div id="a100663_21_57" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:126.985px;top:213.8px;">bn, and awarded civil damages to the<div style="display:inline-block;width:5.12px"> </div>French state of EUR </div><div id="a100663_78_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:459.658px;top:213.8px;">800</div><div id="a100663_81_35" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:481.885px;top:213.8px;">m. UBS AG has filed an appeal<div style="display:inline-block;width:5.38px"> </div>with </div><div id="a100671" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:229.5px;">the French Supreme Court to preserve its rights. The notice of appeal enables UBS AG to thoroughly assess the verdict of </div><div id="a100672" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:244.6px;">the Court<div style="display:inline-block;width:2.3px"> </div>of Appeal and<div style="display:inline-block;width:2.06px"> </div>to determine next<div style="display:inline-block;width:1.84px"> </div>steps in the<div style="display:inline-block;width:1.92px"> </div>best interest of<div style="display:inline-block;width:2.17px"> </div>its stakeholders. The fine<div style="display:inline-block;width:1.6px"> </div>and confiscation imposed </div><div id="a100674" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:260.2px;">by the<div style="display:inline-block;width:5.83px"> </div>Court of<div style="display:inline-block;width:6.08px"> </div>Appeal<div style="display:inline-block;width:5.18px"> </div>are suspended<div style="display:inline-block;width:6.5px"> </div>during the<div style="display:inline-block;width:5.91px"> </div>appeal.<div style="display:inline-block;width:5.13px"> </div>The civil<div style="display:inline-block;width:5.26px"> </div>damages<div style="display:inline-block;width:5.03px"> </div>award<div style="display:inline-block;width:5.12px"> </div>has been<div style="display:inline-block;width:6.44px"> </div>paid<div style="display:inline-block;width:5.03px"> </div>to the<div style="display:inline-block;width:5.88px"> </div>French state </div><div id="a100675" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:275.3px;">(EUR </div><div id="a100675_5_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:35.676px;top:275.3px;">99</div><div id="a100675_7_79" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:50.809px;top:275.3px;">m of which was deducted from the bail), subject<div style="display:inline-block;width:5.07px"> </div>to the result of UBS’s appeal. </div><div id="a100679" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:298.1px;">Our<div style="display:inline-block;width:5.15px"> </div>balance<div style="display:inline-block;width:5.3px"> </div>sheet<div style="display:inline-block;width:5.3px"> </div>at<div style="display:inline-block;width:5.05px"> </div>31 December<div style="display:inline-block;width:5.69px"> </div>2022<div style="display:inline-block;width:6.01px"> </div>reflected provisions<div style="display:inline-block;width:6.98px"> </div>with<div style="display:inline-block;width:5.25px"> </div>respect<div style="display:inline-block;width:5.18px"> </div>to<div style="display:inline-block;width:5.25px"> </div>this<div style="display:inline-block;width:5.2px"> </div>matter<div style="display:inline-block;width:5.06px"> </div>in<div style="display:inline-block;width:5.3px"> </div>an<div style="display:inline-block;width:5.4px"> </div>amount<div style="display:inline-block;width:5.5px"> </div>of<div style="display:inline-block;width:5.25px"> </div>EUR </div><div id="a100679_107_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:652.698px;top:298.1px;">1.1</div><div id="a100679_110_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:671.615px;top:298.1px;">bn </div><div id="a100686" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:313.2px;">(USD </div><div id="a100686_5_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:37.094px;top:313.2px;">1.2</div><div id="a100686_8_109" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:55.538px;top:313.2px;">bn). The<div style="display:inline-block;width:6.12px"> </div>wide range<div style="display:inline-block;width:5.76px"> </div>of possible<div style="display:inline-block;width:5.85px"> </div>outcomes in<div style="display:inline-block;width:6.02px"> </div>this case<div style="display:inline-block;width:5.62px"> </div>contributes to<div style="display:inline-block;width:5.92px"> </div>a high<div style="display:inline-block;width:6.28px"> </div>degree of<div style="display:inline-block;width:5.85px"> </div>estimation uncertainty </div><div id="a100689" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:328.8px;">and the provision reflects our best<div style="display:inline-block;width:2.33px"> </div>estimate of possible financial implications, although actual penalties and civil damages </div><div id="a100691" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:343.9px;">could exceed (or may be less than) the provision<div style="display:inline-block;width:5.64px"> </div>amount. </div><div id="a100693" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:367.1px;">Our balance<div style="display:inline-block;width:2.04px"> </div>sheet at 31 December 2022 reflected<div style="display:inline-block;width:1.77px"> </div>provisions with respect<div style="display:inline-block;width:2.24px"> </div>to matters described<div style="display:inline-block;width:2.25px"> </div>in this item<div style="display:inline-block;width:1.78px"> </div>1 in<div style="display:inline-block;width:2.3px"> </div>an amount </div><div id="a100696" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:382.3px;">that UBS believes to be appropriate<div style="display:inline-block;width:5.16px"> </div>under the applicable accounting<div style="display:inline-block;width:5.04px"> </div>standard. As in the case of other matters for which </div><div id="a100698" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:397.4px;">we have<div style="display:inline-block;width:5.88px"> </div>established<div style="display:inline-block;width:5.07px"> </div>provisions, the<div style="display:inline-block;width:6.04px"> </div>future outflow<div style="display:inline-block;width:5.79px"> </div>of resources<div style="display:inline-block;width:5.83px"> </div>in respect<div style="display:inline-block;width:5.39px"> </div>of such<div style="display:inline-block;width:5.13px"> </div>matters cannot<div style="display:inline-block;width:5.94px"> </div>be determined<div style="display:inline-block;width:6.02px"> </div>with </div><div id="a100699" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:412.5px;">certainty based<div style="display:inline-block;width:5.94px"> </div>on<div style="display:inline-block;width:5.13px"> </div>currently available<div style="display:inline-block;width:6.18px"> </div>information<div style="display:inline-block;width:5.19px"> </div>and<div style="display:inline-block;width:5.13px"> </div>accordingly may<div style="display:inline-block;width:5.98px"> </div>ultimately prove<div style="display:inline-block;width:6.71px"> </div>to be<div style="display:inline-block;width:6.03px"> </div>substantially greater<div style="display:inline-block;width:6.12px"> </div>(or </div><div id="a100701" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:428.2px;">may be less) than the provision<div style="display:inline-block;width:5.08px"> </div>that we have recognized. </div><div id="a100703" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:450.9px;">2. Claims related to sales of residential<div style="display:inline-block;width:5.22px"> </div>mortgage-backed securities and<div style="display:inline-block;width:5.35px"> </div>mortgages </div><div id="a100710" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:466px;">From 2002 through 2007,<div style="display:inline-block;width:1.97px"> </div>prior to<div style="display:inline-block;width:2.13px"> </div>the crisis<div style="display:inline-block;width:1.58px"> </div>in the<div style="display:inline-block;width:2.14px"> </div>US residential loan<div style="display:inline-block;width:2.15px"> </div>market, UBS was<div style="display:inline-block;width:1.78px"> </div>a substantial<div style="display:inline-block;width:2.19px"> </div>issuer and underwriter </div><div id="a100712" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:481.6px;">of US residential mortgage-backed<div style="display:inline-block;width:5.13px"> </div>securities (RMBS) and<div style="display:inline-block;width:5.11px"> </div>was a purchaser and<div style="display:inline-block;width:5.04px"> </div>seller of US residential mortgages.<div style="display:inline-block;width:5.22px"> </div></div><div id="a100716" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:504.3px;">In November 2018, the DOJ filed<div style="display:inline-block;width:2.31px"> </div>a civil complaint in the<div style="display:inline-block;width:2.26px"> </div>District Court for the Eastern District<div style="display:inline-block;width:1.93px"> </div>of New York. The complaint </div><div id="a100720" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:519.5px;">seeks unspecified civil monetary penalties<div style="display:inline-block;width:2.29px"> </div>under the Financial Institutions Reform, Recovery<div style="display:inline-block;width:1.96px"> </div>and Enforcement Act of 1989 </div><div id="a100721" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:534.6px;">related to UBS’s<div style="display:inline-block;width:5.53px"> </div>issuance, underwriting<div style="display:inline-block;width:5.11px"> </div>and sale of 40<div style="display:inline-block;width:5.37px"> </div>RMBS transactions in<div style="display:inline-block;width:5.14px"> </div>2006 and 2007.<div style="display:inline-block;width:5.17px"> </div>UBS moved to<div style="display:inline-block;width:5.39px"> </div>dismiss the </div><div id="a100723" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:550.2px;">civil complaint in February 2019.<div style="display:inline-block;width:5.63px"> </div>In December 2019, the district court denied<div style="display:inline-block;width:5.09px"> </div>UBS’s motion to dismiss.<div style="display:inline-block;width:4.69px"> </div></div><div id="a100731" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:572.9px;">Our<div style="display:inline-block;width:5.15px"> </div>balance<div style="display:inline-block;width:5.3px"> </div>sheet<div style="display:inline-block;width:5.3px"> </div>at<div style="display:inline-block;width:5.52px"> </div>31 December<div style="display:inline-block;width:5.65px"> </div>2022<div style="display:inline-block;width:6.01px"> </div>reflected a<div style="display:inline-block;width:6.4px"> </div>provision<div style="display:inline-block;width:6.21px"> </div>with<div style="display:inline-block;width:5.25px"> </div>respect<div style="display:inline-block;width:5.18px"> </div>to<div style="display:inline-block;width:5.25px"> </div>matters<div style="display:inline-block;width:5.8px"> </div>described<div style="display:inline-block;width:5.87px"> </div>in<div style="display:inline-block;width:5.3px"> </div>this<div style="display:inline-block;width:5.2px"> </div>item<div style="display:inline-block;width:5.26px"> </div>2<div style="display:inline-block;width:5.4px"> </div>in<div style="display:inline-block;width:5.3px"> </div>an </div><div id="a100735" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:588.1px;">amount that<div style="display:inline-block;width:5.03px"> </div>UBS believes<div style="display:inline-block;width:5.03px"> </div>to be<div style="display:inline-block;width:5.08px"> </div>appropriate under<div style="display:inline-block;width:5.77px"> </div>the applicable accounting<div style="display:inline-block;width:6.37px"> </div>standard. As<div style="display:inline-block;width:5.73px"> </div>in the case<div style="display:inline-block;width:5.4px"> </div>of other matters </div><div id="a100736" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:603.7px;">for which we have established provisions, the future outflow of resources in respect of this matter cannot be determined </div><div id="a100738" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:618.8px;">with certainty based<div style="display:inline-block;width:5.62px"> </div>on currently available<div style="display:inline-block;width:5.18px"> </div>information and<div style="display:inline-block;width:5.7px"> </div>accordingly may ultimately<div style="display:inline-block;width:5.31px"> </div>prove to<div style="display:inline-block;width:5.17px"> </div>be substantially greater </div><div id="a100739" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:633.9px;">(or may be less) than the provision<div style="display:inline-block;width:5.34px"> </div>that we have recognized.</div></div><div id="TextBlockContainer468" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:878px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a100782" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">3. Madoff </div><div id="a100784" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.6px;">In relation to the Bernard L. Madoff<div style="display:inline-block;width:5.32px"> </div>Investment Securities LLC (BMIS) investment fraud,<div style="display:inline-block;width:5.41px"> </div>UBS AG, UBS (Luxembourg) S.A. </div><div id="a100785" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.8px;">(now UBS Europe SE, Luxembourg branch) and certain other UBS subsidiaries have been subject to inquiries by a<div style="display:inline-block;width:2.26px"> </div>number </div><div id="a100787" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:46.4px;">of regulators,<div style="display:inline-block;width:5.32px"> </div>including the<div style="display:inline-block;width:5.38px"> </div>Swiss Financial Market<div style="display:inline-block;width:5.88px"> </div>Supervisory Authority<div style="display:inline-block;width:5.14px"> </div>(FINMA) and<div style="display:inline-block;width:5.97px"> </div>the Luxembourg<div style="display:inline-block;width:5.18px"> </div>Commission de </div><div id="a100788" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61.5px;">Surveillance du<div style="display:inline-block;width:6.19px"> </div>Secteur Financier.<div style="display:inline-block;width:6.09px"> </div>Those<div style="display:inline-block;width:5.18px"> </div>inquiries concerned<div style="display:inline-block;width:5.51px"> </div>two third<div style="display:inline-block;width:1.56px"> </div>-party funds<div style="display:inline-block;width:5.82px"> </div>established under<div style="display:inline-block;width:6.1px"> </div>Luxembourg law, </div><div id="a100794" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.6px;">substantially all assets of<div style="display:inline-block;width:5.3px"> </div>which were with BMIS,<div style="display:inline-block;width:5.73px"> </div>as well as certain<div style="display:inline-block;width:5.1px"> </div>funds established<div style="display:inline-block;width:5.21px"> </div>in offshore jurisdictions<div style="display:inline-block;width:5.69px"> </div>with either </div><div id="a100796" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:92.3px;">direct or indirect<div style="display:inline-block;width:6.16px"> </div>exposure to<div style="display:inline-block;width:5.42px"> </div>BMIS. These<div style="display:inline-block;width:5.34px"> </div>funds faced<div style="display:inline-block;width:5.18px"> </div>severe losses,<div style="display:inline-block;width:5.12px"> </div>and the<div style="display:inline-block;width:5.29px"> </div>Luxembourg<div style="display:inline-block;width:5.5px"> </div>funds are in<div style="display:inline-block;width:5.62px"> </div>liquidation. The </div><div id="a100797" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.4px;">documentation<div style="display:inline-block;width:7.54px"> </div>establishing<div style="display:inline-block;width:7.53px"> </div>both<div style="display:inline-block;width:7.55px"> </div>funds<div style="display:inline-block;width:7.25px"> </div>identifies<div style="display:inline-block;width:6.93px"> </div>UBS<div style="display:inline-block;width:7.45px"> </div>entities<div style="display:inline-block;width:6.83px"> </div>in<div style="display:inline-block;width:7.19px"> </div>various<div style="display:inline-block;width:7.09px"> </div>roles,<div style="display:inline-block;width:7.43px"> </div>including<div style="display:inline-block;width:7.59px"> </div>custodian,<div style="display:inline-block;width:7.6px"> </div>administrator, </div><div id="a100799" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:123px;">manager,<div style="display:inline-block;width:5.2px"> </div>distributor and promoter,<div style="display:inline-block;width:5.98px"> </div>and indicates that UBS employees<div style="display:inline-block;width:5.21px"> </div>serve as board members. </div><div id="a100801" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:145.7px;">In 2009<div style="display:inline-block;width:5.27px"> </div>and 2010, the<div style="display:inline-block;width:5.36px"> </div>liquidators of the<div style="display:inline-block;width:5.27px"> </div>two Luxembourg funds<div style="display:inline-block;width:5.42px"> </div>filed claims against<div style="display:inline-block;width:5.69px"> </div>UBS entities, non<div style="display:inline-block;width:1.55px"> </div>-UBS entities and </div><div id="a100806" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.9px;">certain<div style="display:inline-block;width:5.26px"> </div>individuals,<div style="display:inline-block;width:5.54px"> </div>including<div style="display:inline-block;width:5.7px"> </div>current<div style="display:inline-block;width:5.18px"> </div>and<div style="display:inline-block;width:5.13px"> </div>former UBS<div style="display:inline-block;width:6.67px"> </div>employees,<div style="display:inline-block;width:5.3px"> </div>seeking<div style="display:inline-block;width:5.55px"> </div>amounts<div style="display:inline-block;width:5.08px"> </div>totaling<div style="display:inline-block;width:5.29px"> </div>approximately<div style="display:inline-block;width:5.45px"> </div>EUR </div><div id="a100806_108_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:648.912px;top:160.9px;">2.1</div><div id="a100806_111_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:667.828px;top:160.9px;">bn, </div><div id="a100809" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:176px;">which includes amounts that the funds<div style="display:inline-block;width:5.55px"> </div>may be held liable to pay the trustee for the<div style="display:inline-block;width:5.06px"> </div>liquidation of BMIS<div style="display:inline-block;width:5.1px"> </div>(BMIS Trustee). </div><div id="a100812" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:199.2px;">A large number of alleged beneficiaries have filed claims against UBS entities (and non<div style="display:inline-block;width:1.69px"> </div>-UBS entities) for purported losses </div><div id="a100815" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:214.3px;">relating to the Madoff fraud. The majority of these cases have been filed in Luxembourg, where decisions that the claims </div><div id="a100817" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:229.5px;">in<div style="display:inline-block;width:5.3px"> </div>eight<div style="display:inline-block;width:5.35px"> </div>test<div style="display:inline-block;width:5.42px"> </div>cases<div style="display:inline-block;width:5.1px"> </div>were<div style="display:inline-block;width:5.39px"> </div>inadmissible<div style="display:inline-block;width:5.81px"> </div>have<div style="display:inline-block;width:5.2px"> </div>been<div style="display:inline-block;width:5.61px"> </div>affirmed<div style="display:inline-block;width:5.4px"> </div>by<div style="display:inline-block;width:5.67px"> </div>the<div style="display:inline-block;width:5.25px"> </div>Luxembourg<div style="display:inline-block;width:5.98px"> </div>Court<div style="display:inline-block;width:5.45px"> </div>of<div style="display:inline-block;width:5.25px"> </div>Appeal,<div style="display:inline-block;width:5.76px"> </div>and<div style="display:inline-block;width:5.61px"> </div>the<div style="display:inline-block;width:5.25px"> </div>Luxembourg </div><div id="a100818" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:245.1px;">Supreme Court has dismissed<div style="display:inline-block;width:5.12px"> </div>a further appeal in one of the<div style="display:inline-block;width:5.1px"> </div>test cases. </div><div id="a100820" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:267.8px;">In the US, the BMIS Trustee filed claims<div style="display:inline-block;width:2.29px"> </div>against UBS entities, among others, in relation to the two Luxembourg funds and </div><div id="a100822" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:282.9px;">one of the offshore<div style="display:inline-block;width:5.27px"> </div>funds. The total amount claimed against<div style="display:inline-block;width:5.04px"> </div>all defendants in these<div style="display:inline-block;width:5.11px"> </div>actions was not less than USD </div><div id="a100822_114_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:659.818px;top:282.9px;">2</div><div id="a100822_115_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:667.385px;top:282.9px;">bn. </div><div id="a100825" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:298.1px;">In 2014,<div style="display:inline-block;width:6.79px"> </div>the US<div style="display:inline-block;width:5.98px"> </div>Supreme<div style="display:inline-block;width:5.07px"> </div>Court rejected<div style="display:inline-block;width:5.86px"> </div>the BMIS<div style="display:inline-block;width:6.45px"> </div>Trustee’s<div style="display:inline-block;width:5.1px"> </div>motion for<div style="display:inline-block;width:6.34px"> </div>leave to<div style="display:inline-block;width:5.99px"> </div>appeal<div style="display:inline-block;width:5.5px"> </div>decisions<div style="display:inline-block;width:5.34px"> </div>dismissing<div style="display:inline-block;width:5.02px"> </div>all claims </div><div id="a100827" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:313.7px;">except<div style="display:inline-block;width:6.27px"> </div>those<div style="display:inline-block;width:6.45px"> </div>for<div style="display:inline-block;width:6.04px"> </div>the<div style="display:inline-block;width:6.2px"> </div>recovery<div style="display:inline-block;width:6.15px"> </div>of<div style="display:inline-block;width:6.2px"> </div>approximately<div style="display:inline-block;width:6.87px"> </div>USD </div><div id="a100827_51_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:317.685px;top:313.7px;">125</div><div id="a100827_54_55" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:340.385px;top:313.7px;">m<div style="display:inline-block;width:5.99px"> </div>of<div style="display:inline-block;width:6.2px"> </div>payments<div style="display:inline-block;width:6.09px"> </div>alleged<div style="display:inline-block;width:6.82px"> </div>to<div style="display:inline-block;width:6.2px"> </div>be<div style="display:inline-block;width:6.35px"> </div>fraudulent<div style="display:inline-block;width:6.39px"> </div>conveyances<div style="display:inline-block;width:5.99px"> </div>and </div><div id="a100830" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:328.8px;">preference payments.<div style="display:inline-block;width:5.1px"> </div>In 2016,<div style="display:inline-block;width:5.84px"> </div>the bankruptcy court<div style="display:inline-block;width:5.45px"> </div>dismissed these<div style="display:inline-block;width:5.59px"> </div>claims against<div style="display:inline-block;width:5.46px"> </div>the UBS<div style="display:inline-block;width:5.24px"> </div>entities. In February<div style="display:inline-block;width:5.52px"> </div>2019, </div><div id="a100832" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:344.4px;">the<div style="display:inline-block;width:6.67px"> </div>Court<div style="display:inline-block;width:6.87px"> </div>of<div style="display:inline-block;width:6.67px"> </div>Appeals<div style="display:inline-block;width:7.12px"> </div>reversed<div style="display:inline-block;width:7.08px"> </div>the<div style="display:inline-block;width:6.67px"> </div>dismissal<div style="display:inline-block;width:7.45px"> </div>of<div style="display:inline-block;width:6.67px"> </div>the<div style="display:inline-block;width:6.67px"> </div>BMIS<div style="display:inline-block;width:7.24px"> </div>Trustee’s<div style="display:inline-block;width:6.99px"> </div>remaining<div style="display:inline-block;width:7.42px"> </div>claims,<div style="display:inline-block;width:6.68px"> </div>and<div style="display:inline-block;width:7.03px"> </div>the<div style="display:inline-block;width:6.67px"> </div>US<div style="display:inline-block;width:6.77px"> </div>Supreme<div style="display:inline-block;width:7.43px"> </div>Court </div><div id="a100833" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:359.6px;">subsequently<div style="display:inline-block;width:5.38px"> </div>denied<div style="display:inline-block;width:5.23px"> </div>a petition<div style="display:inline-block;width:5.87px"> </div>seeking<div style="display:inline-block;width:5.08px"> </div>review of<div style="display:inline-block;width:5.71px"> </div>the Court<div style="display:inline-block;width:6.08px"> </div>of Appeals’<div style="display:inline-block;width:5.96px"> </div>decision.<div style="display:inline-block;width:5.08px"> </div>The case<div style="display:inline-block;width:5.36px"> </div>has been<div style="display:inline-block;width:6.44px"> </div>remanded<div style="display:inline-block;width:5.27px"> </div>to the </div><div id="a100834" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:375.2px;">Bankruptcy Court for further proceedings. </div><div id="a100837" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:397.9px;">4. Puerto Rico </div><div id="a100839" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:413px;">Declines since 2013<div style="display:inline-block;width:6.16px"> </div>in the market<div style="display:inline-block;width:5.1px"> </div>prices of Puerto<div style="display:inline-block;width:5.35px"> </div>Rico municipal<div style="display:inline-block;width:5.34px"> </div>bonds<div style="display:inline-block;width:5.11px"> </div>and of closed-end<div style="display:inline-block;width:5.64px"> </div>funds (funds)<div style="display:inline-block;width:5.1px"> </div>that are sole-</div><div id="a100843" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:428.2px;">managed and co-managed by UBS<div style="display:inline-block;width:5.24px"> </div>Trust Company of<div style="display:inline-block;width:5.13px"> </div>Puerto Rico and distributed by UBS Financial Services Incorporated </div><div id="a100847" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:443.8px;">of Puerto Rico (UBS<div style="display:inline-block;width:5.27px"> </div>PR) led to multiple<div style="display:inline-block;width:5.28px"> </div>regulatory inquiries, which<div style="display:inline-block;width:5.51px"> </div>in 2014 and<div style="display:inline-block;width:5.3px"> </div>2015, led to settlements<div style="display:inline-block;width:5.21px"> </div>with the Office </div><div id="a100848" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:458.9px;">of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>Commissioner<div style="display:inline-block;width:5.39px"> </div>of<div style="display:inline-block;width:5.25px"> </div>Financial Institutions<div style="display:inline-block;width:7.02px"> </div>for<div style="display:inline-block;width:5.1px"> </div>the<div style="display:inline-block;width:5.25px"> </div>Commonwealth<div style="display:inline-block;width:5.7px"> </div>of<div style="display:inline-block;width:5.25px"> </div>Puerto<div style="display:inline-block;width:5.3px"> </div>Rico,<div style="display:inline-block;width:5.4px"> </div>the<div style="display:inline-block;width:5.25px"> </div>US Securities<div style="display:inline-block;width:5.94px"> </div>and<div style="display:inline-block;width:5.61px"> </div>Exchange </div><div id="a100849" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:474.5px;">Commission (SEC) and<div style="display:inline-block;width:5.16px"> </div>the Financial Industry Regulatory Authority. </div><div id="a100852" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:497.2px;">Since then,<div style="display:inline-block;width:6.03px"> </div>UBS<div style="display:inline-block;width:5.08px"> </div>clients in<div style="display:inline-block;width:5.56px"> </div>Puerto Rico<div style="display:inline-block;width:5.98px"> </div>who own<div style="display:inline-block;width:5.38px"> </div>the funds<div style="display:inline-block;width:5.86px"> </div>or Puerto<div style="display:inline-block;width:5.45px"> </div>Rico municipal<div style="display:inline-block;width:5.82px"> </div>bonds<div style="display:inline-block;width:5.11px"> </div>and/or who<div style="display:inline-block;width:5.43px"> </div>used<div style="display:inline-block;width:5.18px"> </div>their UBS </div><div id="a100853" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:512.4px;">account<div style="display:inline-block;width:6.2px"> </div>assets<div style="display:inline-block;width:6.14px"> </div>as<div style="display:inline-block;width:6.2px"> </div>collateral<div style="display:inline-block;width:6px"> </div>for<div style="display:inline-block;width:6.04px"> </div>UBS<div style="display:inline-block;width:6.5px"> </div>non-purpose<div style="display:inline-block;width:6.99px"> </div>loans<div style="display:inline-block;width:6.02px"> </div>filed<div style="display:inline-block;width:5.99px"> </div>customer<div style="display:inline-block;width:5.94px"> </div>complaints<div style="display:inline-block;width:6.56px"> </div>and<div style="display:inline-block;width:6.55px"> </div>arbitration<div style="display:inline-block;width:6.13px"> </div>demands<div style="display:inline-block;width:6.65px"> </div>seeking </div><div id="a100857" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:527.5px;">aggregate<div style="display:inline-block;width:7.16px"> </div>damages<div style="display:inline-block;width:6.92px"> </div>of<div style="display:inline-block;width:6.67px"> </div>USD </div><div id="a100857_25_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:173.832px;top:527.5px;">3.42</div><div id="a100857_29_17" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:199.841px;top:527.5px;">bn,<div style="display:inline-block;width:6.66px"> </div>of<div style="display:inline-block;width:6.67px"> </div>which<div style="display:inline-block;width:6.82px"> </div>USD </div><div id="a100857_46_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:312.005px;top:527.5px;">3.37</div><div id="a100857_50_58" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:338.015px;top:527.5px;">bn<div style="display:inline-block;width:6.55px"> </div>have<div style="display:inline-block;width:6.62px"> </div>been<div style="display:inline-block;width:7.03px"> </div>resolved<div style="display:inline-block;width:6.85px"> </div>through<div style="display:inline-block;width:7.09px"> </div>settlements,<div style="display:inline-block;width:6.31px"> </div>arbitration<div style="display:inline-block;width:7.35px"> </div>or </div><div id="a100862" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:543.1px;">withdrawal of claims. Allegations<div style="display:inline-block;width:5.12px"> </div>include fraud, misrepresentation and<div style="display:inline-block;width:5.31px"> </div>unsuitability of the funds and of the loans. </div><div id="a100864" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:565.8px;">A shareholder derivative action was filed in 2014<div style="display:inline-block;width:5.07px"> </div>against various UBS entities and current and certain former directors of </div><div id="a100866" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:581px;">the funds,<div style="display:inline-block;width:5.49px"> </div>alleging hundreds of<div style="display:inline-block;width:5.48px"> </div>millions of US<div style="display:inline-block;width:5.02px"> </div>dollars in<div style="display:inline-block;width:5.02px"> </div>losses in<div style="display:inline-block;width:5.18px"> </div>the funds. In 2021,<div style="display:inline-block;width:5.29px"> </div>the parties reached<div style="display:inline-block;width:5.59px"> </div>an agreement </div><div id="a100867" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:596.6px;">to settle this matter for USD </div><div id="a100867_30_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:167.686px;top:596.6px;">15</div><div id="a100867_32_31" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:182.819px;top:596.6px;">m, subject to court approval.<div style="display:inline-block;width:5.18px"> </div></div><div id="a100870" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:619.3px;">In 2011, a purported derivative action was filed on<div style="display:inline-block;width:5.33px"> </div>behalf of the Employee Retirement System of<div style="display:inline-block;width:5.06px"> </div>the Commonwealth of </div><div id="a100871" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:634.4px;">Puerto Rico (System) against over<div style="display:inline-block;width:1.82px"> </div>40 defendants, including UBS PR,<div style="display:inline-block;width:2.16px"> </div>which was named<div style="display:inline-block;width:2.23px"> </div>in connection with its underwriting </div><div id="a100873" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:649.6px;">and<div style="display:inline-block;width:7.03px"> </div>consulting<div style="display:inline-block;width:6.64px"> </div>services.<div style="display:inline-block;width:6.16px"> </div>Plaintiffs<div style="display:inline-block;width:6.81px"> </div>alleged<div style="display:inline-block;width:6.82px"> </div>that<div style="display:inline-block;width:6.52px"> </div>defendants<div style="display:inline-block;width:7.17px"> </div>violated<div style="display:inline-block;width:6.46px"> </div>their<div style="display:inline-block;width:6.41px"> </div>purported<div style="display:inline-block;width:7.65px"> </div>fiduciary<div style="display:inline-block;width:6.11px"> </div>duties<div style="display:inline-block;width:6.82px"> </div>and<div style="display:inline-block;width:7.03px"> </div>contractual </div><div id="a100874" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:665.2px;">obligations in<div style="display:inline-block;width:5.53px"> </div>connection with<div style="display:inline-block;width:5.23px"> </div>the issuance<div style="display:inline-block;width:5.08px"> </div>and underwriting<div style="display:inline-block;width:5.69px"> </div>of USD </div><div id="a100874_68_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:405.232px;top:665.2px;">3</div><div id="a100874_69_45" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:412.798px;top:665.2px;">bn of<div style="display:inline-block;width:5.29px"> </div>bonds by the<div style="display:inline-block;width:5.37px"> </div>System in 2008<div style="display:inline-block;width:6.33px"> </div>and sought </div><div id="a100877" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:680.3px;">damages of over USD </div><div id="a100877_20_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:131.738px;top:680.3px;">800</div><div id="a100877_23_97" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:154.438px;top:680.3px;">m. In 2016, the<div style="display:inline-block;width:5.11px"> </div>court granted the System’s request to<div style="display:inline-block;width:5.15px"> </div>join the action as a plaintiff. In<div style="display:inline-block;width:5.19px"> </div>2022, a </div><div id="a100881" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:695.9px;">federal district<div style="display:inline-block;width:5.42px"> </div>court enjoined<div style="display:inline-block;width:5.33px"> </div>the plaintiffs<div style="display:inline-block;width:5.75px"> </div>from proceeding<div style="display:inline-block;width:5.61px"> </div>with the action<div style="display:inline-block;width:5.93px"> </div>on the<div style="display:inline-block;width:5.76px"> </div>grounds it<div style="display:inline-block;width:5.25px"> </div>impermissibly conflicted </div><div id="a100882" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:711.1px;">with Puerto Rico’s approved<div style="display:inline-block;width:5.28px"> </div>Plan of Adjustment. </div><div id="a100885" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:733.8px;">Beginning<div style="display:inline-block;width:5.73px"> </div>in<div style="display:inline-block;width:5.3px"> </div>2015,<div style="display:inline-block;width:5.64px"> </div>certain agencies<div style="display:inline-block;width:6.46px"> </div>and<div style="display:inline-block;width:5.61px"> </div>public corporations<div style="display:inline-block;width:6.74px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>Commonwealth<div style="display:inline-block;width:6.18px"> </div>of<div style="display:inline-block;width:5.25px"> </div>Puerto<div style="display:inline-block;width:5.3px"> </div>Rico<div style="display:inline-block;width:5.3px"> </div>(Commonwealth) </div><div id="a100886" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:748.9px;">defaulted on certain interest<div style="display:inline-block;width:5.16px"> </div>payments on Puerto Rico<div style="display:inline-block;width:5.11px"> </div>bonds. In 2016,<div style="display:inline-block;width:5.49px"> </div>US federal legislation created an<div style="display:inline-block;width:5.31px"> </div>oversight board </div><div id="a100887" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:764.5px;">with power to oversee Puerto<div style="display:inline-block;width:5.12px"> </div>Rico’s finances and to restructure<div style="display:inline-block;width:5.33px"> </div>its debt. The oversight<div style="display:inline-block;width:5.43px"> </div>board has imposed<div style="display:inline-block;width:5.33px"> </div>a stay on the </div><div id="a100888" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:779.7px;">exercise<div style="display:inline-block;width:5.3px"> </div>of<div style="display:inline-block;width:5.72px"> </div>certain<div style="display:inline-block;width:6.21px"> </div>creditors’<div style="display:inline-block;width:5.71px"> </div>rights.<div style="display:inline-block;width:5.82px"> </div>In<div style="display:inline-block;width:5.77px"> </div>2017,<div style="display:inline-block;width:6.12px"> </div>the<div style="display:inline-block;width:5.25px"> </div>oversight<div style="display:inline-block;width:5.72px"> </div>board<div style="display:inline-block;width:5.89px"> </div>placed<div style="display:inline-block;width:5.77px"> </div>certain<div style="display:inline-block;width:5.26px"> </div>of<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:5.72px"> </div>bonds<div style="display:inline-block;width:6.06px"> </div>into<div style="display:inline-block;width:5.35px"> </div>a<div style="display:inline-block;width:5.67px"> </div>bankruptcy-like </div><div id="a100891" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:795.3px;">proceeding under the supervision<div style="display:inline-block;width:5.33px"> </div>of a Federal District Judge.<div style="display:inline-block;width:4.98px"> </div></div><div id="a100894" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:818px;">In May 2019,<div style="display:inline-block;width:6.27px"> </div>the oversight board<div style="display:inline-block;width:5.72px"> </div>filed complaints in<div style="display:inline-block;width:5.29px"> </div>Puerto Rico<div style="display:inline-block;width:5.03px"> </div>federal district court<div style="display:inline-block;width:5.9px"> </div>bringing claims against<div style="display:inline-block;width:6.21px"> </div>financial, </div><div id="a100895" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:833.1px;">legal and accounting firms that had participated in Puerto<div style="display:inline-block;width:2.25px"> </div>Rico municipal bond offerings, including UBS, seeking a return </div><div id="a100897" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:848.3px;">of<div style="display:inline-block;width:5.25px"> </div>underwriting<div style="display:inline-block;width:5.65px"> </div>and<div style="display:inline-block;width:5.13px"> </div>swap<div style="display:inline-block;width:5.56px"> </div>fees<div style="display:inline-block;width:5.1px"> </div>paid<div style="display:inline-block;width:5.03px"> </div>in<div style="display:inline-block;width:5.3px"> </div>connection<div style="display:inline-block;width:5.08px"> </div>with<div style="display:inline-block;width:5.25px"> </div>those<div style="display:inline-block;width:5.5px"> </div>offerings.<div style="display:inline-block;width:5.16px"> </div>UBS<div style="display:inline-block;width:5.56px"> </div>estimates that<div style="display:inline-block;width:6.15px"> </div>it received<div style="display:inline-block;width:6.72px"> </div>approximately </div><div id="a100898" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:863.9px;">USD </div><div id="a100898_4_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:33.312px;top:863.9px;">125</div><div id="a100898_7_36" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:56.011px;top:863.9px;">m in fees in the relevant offerings.</div></div><div id="TextBlockContainer470" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:794px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a100943" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">In<div style="display:inline-block;width:5.3px"> </div>August<div style="display:inline-block;width:5.86px"> </div>2019,<div style="display:inline-block;width:5.64px"> </div>and<div style="display:inline-block;width:5.13px"> </div>February and<div style="display:inline-block;width:6.82px"> </div>November<div style="display:inline-block;width:5.25px"> </div>2020,<div style="display:inline-block;width:6.12px"> </div>four<div style="display:inline-block;width:5.3px"> </div>US<div style="display:inline-block;width:5.36px"> </div>insurance<div style="display:inline-block;width:5.4px"> </div>companies<div style="display:inline-block;width:5.4px"> </div>that<div style="display:inline-block;width:5.1px"> </div>insured<div style="display:inline-block;width:5.84px"> </div>issues<div style="display:inline-block;width:5.45px"> </div>of<div style="display:inline-block;width:5.25px"> </div>Puerto<div style="display:inline-block;width:5.3px"> </div>Rico </div><div id="a100944" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">municipal bonds<div style="display:inline-block;width:5.63px"> </div>sued UBS<div style="display:inline-block;width:5.64px"> </div>and several other<div style="display:inline-block;width:5.97px"> </div>underwriters of<div style="display:inline-block;width:5.4px"> </div>Puerto Rico<div style="display:inline-block;width:5.97px"> </div>municipal<div style="display:inline-block;width:5.14px"> </div>bonds<div style="display:inline-block;width:5.11px"> </div>in three<div style="display:inline-block;width:5.07px"> </div>separate cases.<div style="display:inline-block;width:5.25px"> </div>The </div><div id="a100945" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">actions collectively seek recovery<div style="display:inline-block;width:5.42px"> </div>of an aggregate of USD </div><div id="a100945_58_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:332.352px;top:30.8px;">955</div><div id="a100945_61_58" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:355.051px;top:30.8px;">m in damages from the defendants.<div style="display:inline-block;width:5.71px"> </div>The plaintiffs in these </div><div id="a100949" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.4px;">cases claim that defendants failed to reasonably<div style="display:inline-block;width:5.45px"> </div>investigate financial statements<div style="display:inline-block;width:5.04px"> </div>in the offering materials for the insured </div><div id="a100950" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">Puerto<div style="display:inline-block;width:5.3px"> </div>Rico<div style="display:inline-block;width:5.3px"> </div>bonds<div style="display:inline-block;width:5.59px"> </div>issued<div style="display:inline-block;width:5.6px"> </div>between<div style="display:inline-block;width:5.08px"> </div>2002<div style="display:inline-block;width:5.54px"> </div>and<div style="display:inline-block;width:5.3px"> </div>2007,<div style="display:inline-block;width:5.64px"> </div>which plaintiffs<div style="display:inline-block;width:6.37px"> </div>argue<div style="display:inline-block;width:5.45px"> </div>they<div style="display:inline-block;width:5.05px"> </div>relied<div style="display:inline-block;width:5.75px"> </div>upon<div style="display:inline-block;width:5.54px"> </div>in<div style="display:inline-block;width:5.3px"> </div>agreeing<div style="display:inline-block;width:5.32px"> </div>to<div style="display:inline-block;width:5.25px"> </div>insure<div style="display:inline-block;width:5.16px"> </div>the </div><div id="a100953" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;">bonds notwithstanding<div style="display:inline-block;width:5.17px"> </div>that they had no contractual relationship<div style="display:inline-block;width:5.44px"> </div>with the underwriters. Defendants’<div style="display:inline-block;width:5.42px"> </div>motions to dismiss </div><div id="a100954" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:92.3px;">have been granted in all three<div style="display:inline-block;width:5.03px"> </div>cases; those decisions are being<div style="display:inline-block;width:5.38px"> </div>appealed by the plaintiffs. </div><div id="a100957" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:115px;">Our balance sheet at 31 December 2022<div style="display:inline-block;width:5.07px"> </div>reflected provisions with respect to matters described in<div style="display:inline-block;width:5.05px"> </div>this item 4 in amounts </div><div id="a100960" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:130.1px;">that UBS believes to be appropriate<div style="display:inline-block;width:5.13px"> </div>under the applicable accounting<div style="display:inline-block;width:5.04px"> </div>standard. As in the case of other matters<div style="display:inline-block;width:5.37px"> </div>for which </div><div id="a100962" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:145.7px;">we have<div style="display:inline-block;width:5.88px"> </div>established<div style="display:inline-block;width:5.07px"> </div>provisions, the<div style="display:inline-block;width:6.04px"> </div>future outflow<div style="display:inline-block;width:5.79px"> </div>of resources<div style="display:inline-block;width:5.83px"> </div>in respect<div style="display:inline-block;width:5.39px"> </div>of such<div style="display:inline-block;width:5.13px"> </div>matters cannot<div style="display:inline-block;width:5.94px"> </div>be determined<div style="display:inline-block;width:6.02px"> </div>with </div><div id="a100963" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:160.9px;">certainty based<div style="display:inline-block;width:5.94px"> </div>on<div style="display:inline-block;width:5.13px"> </div>currently available<div style="display:inline-block;width:6.09px"> </div>information<div style="display:inline-block;width:5.19px"> </div>and<div style="display:inline-block;width:5.13px"> </div>accordingly may<div style="display:inline-block;width:5.98px"> </div>ultimately prove<div style="display:inline-block;width:6.71px"> </div>to be<div style="display:inline-block;width:6.03px"> </div>substantially greater<div style="display:inline-block;width:6.12px"> </div>(or </div><div id="a100964" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:176px;">may be less) than the provisions<div style="display:inline-block;width:5.16px"> </div>that we have recognized. </div><div id="a100967" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:199.2px;">5. Foreign exchange, LIBOR<div style="display:inline-block;width:5.09px"> </div>and benchmark rates, and other trading practices </div><div id="a100969" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:214.1px;">Foreign<div style="display:inline-block;width:7.24px"> </div>exchange-related<div style="display:inline-block;width:7.94px"> </div>regulatory<div style="display:inline-block;width:7.17px"> </div>matters:</div><div id="a100972" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:270.365px;top:214.3px;"><div style="display:inline-block;width:7.09px"> </div>Beginning<div style="display:inline-block;width:8.1px"> </div>in<div style="display:inline-block;width:7.19px"> </div>2013,<div style="display:inline-block;width:7.53px"> </div>numerous<div style="display:inline-block;width:7.88px"> </div>authorities<div style="display:inline-block;width:7.08px"> </div>commenced<div style="display:inline-block;width:7.46px"> </div>investigations </div><div id="a100974" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:229.5px;">concerning<div style="display:inline-block;width:7.68px"> </div>possible<div style="display:inline-block;width:8.06px"> </div>manipulation<div style="display:inline-block;width:7.49px"> </div>of<div style="display:inline-block;width:7.62px"> </div>foreign<div style="display:inline-block;width:7.53px"> </div>exchange<div style="display:inline-block;width:7.77px"> </div>markets<div style="display:inline-block;width:7.16px"> </div>and<div style="display:inline-block;width:7.97px"> </div>precious<div style="display:inline-block;width:8px"> </div>metals<div style="display:inline-block;width:6.73px"> </div>prices.<div style="display:inline-block;width:7.46px"> </div>As<div style="display:inline-block;width:7.77px"> </div>a<div style="display:inline-block;width:7.57px"> </div>result<div style="display:inline-block;width:7.65px"> </div>of<div style="display:inline-block;width:7.62px"> </div>these </div><div id="a100975" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:245.1px;">investigations,<div style="display:inline-block;width:8.7px"> </div>UBS<div style="display:inline-block;width:8.39px"> </div>entered<div style="display:inline-block;width:8.38px"> </div>into<div style="display:inline-block;width:8.19px"> </div>resolutions<div style="display:inline-block;width:8.67px"> </div>with<div style="display:inline-block;width:8.09px"> </div>Swiss,<div style="display:inline-block;width:8.24px"> </div>US<div style="display:inline-block;width:8.19px"> </div>and<div style="display:inline-block;width:8.44px"> </div>United<div style="display:inline-block;width:7.87px"> </div>Kingdom<div style="display:inline-block;width:8.07px"> </div>regulators<div style="display:inline-block;width:8.68px"> </div>and<div style="display:inline-block;width:8.44px"> </div>the<div style="display:inline-block;width:8.09px"> </div>European </div><div id="a100977" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:260.2px;">Commission.<div style="display:inline-block;width:5.65px"> </div>UBS<div style="display:inline-block;width:5.56px"> </div>was<div style="display:inline-block;width:5.36px"> </div>granted<div style="display:inline-block;width:5.5px"> </div>conditional<div style="display:inline-block;width:5.54px"> </div>immunity by<div style="display:inline-block;width:6.26px"> </div>the<div style="display:inline-block;width:5.25px"> </div>Antitrust<div style="display:inline-block;width:5.56px"> </div>Division<div style="display:inline-block;width:5.77px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>DOJ<div style="display:inline-block;width:5.1px"> </div>and<div style="display:inline-block;width:5.61px"> </div>by<div style="display:inline-block;width:5.2px"> </div>authorities<div style="display:inline-block;width:5.19px"> </div>in<div style="display:inline-block;width:5.3px"> </div>other </div><div id="a100978" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:275.8px;">jurisdictions<div style="display:inline-block;width:5.18px"> </div>in connection<div style="display:inline-block;width:6.23px"> </div>with potential<div style="display:inline-block;width:6.87px"> </div>competition<div style="display:inline-block;width:5.14px"> </div>law violations<div style="display:inline-block;width:6.24px"> </div>relating<div style="display:inline-block;width:5.8px"> </div>to foreign<div style="display:inline-block;width:6.74px"> </div>exchange and<div style="display:inline-block;width:6.39px"> </div>precious<div style="display:inline-block;width:5.16px"> </div>metals </div><div id="a100980" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:291px;">businesses. </div><div id="a100982" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:313.4px;">Foreign exchange-related civil litigation:</div><div id="a100985" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:228.245px;top:313.7px;"><div style="display:inline-block;width:3.31px"> </div>Putative class actions have been filed<div style="display:inline-block;width:2.03px"> </div>since 2013 in<div style="display:inline-block;width:2.01px"> </div>US federal courts and in<div style="display:inline-block;width:1.76px"> </div>other </div><div id="a100987" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:328.8px;">jurisdictions<div style="display:inline-block;width:5.66px"> </div>against<div style="display:inline-block;width:5.4px"> </div>UBS<div style="display:inline-block;width:5.56px"> </div>and<div style="display:inline-block;width:5.61px"> </div>other<div style="display:inline-block;width:5.3px"> </div>banks<div style="display:inline-block;width:5.66px"> </div>on<div style="display:inline-block;width:5.61px"> </div>behalf<div style="display:inline-block;width:5.35px"> </div>of<div style="display:inline-block;width:5.25px"> </div>putative<div style="display:inline-block;width:5.47px"> </div>classes<div style="display:inline-block;width:5.04px"> </div>of<div style="display:inline-block;width:5.25px"> </div>persons<div style="display:inline-block;width:6.23px"> </div>who<div style="display:inline-block;width:5.71px"> </div>engaged<div style="display:inline-block;width:6.01px"> </div>in<div style="display:inline-block;width:5.3px"> </div>foreign<div style="display:inline-block;width:5.64px"> </div>currency </div><div id="a100989" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:344.4px;">transactions with any of the defendant banks. UBS has resolved US<div style="display:inline-block;width:2.24px"> </div>federal court class actions<div style="display:inline-block;width:2.15px"> </div>relating to foreign currency </div><div id="a100990" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:359.6px;">transactions<div style="display:inline-block;width:5.14px"> </div>with the<div style="display:inline-block;width:5.4px"> </div>defendant<div style="display:inline-block;width:5.23px"> </div>banks and<div style="display:inline-block;width:5.22px"> </div>persons<div style="display:inline-block;width:5.28px"> </div>who transacted<div style="display:inline-block;width:5.13px"> </div>in foreign<div style="display:inline-block;width:5.84px"> </div>exchange futures<div style="display:inline-block;width:5.74px"> </div>contracts and<div style="display:inline-block;width:5.77px"> </div>options </div><div id="a100991" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:375.2px;">on<div style="display:inline-block;width:5.61px"> </div>such futures<div style="display:inline-block;width:6.33px"> </div>under<div style="display:inline-block;width:5.66px"> </div>a settlement<div style="display:inline-block;width:5.79px"> </div>agreement<div style="display:inline-block;width:5.39px"> </div>that<div style="display:inline-block;width:5.1px"> </div>provides<div style="display:inline-block;width:5.64px"> </div>for<div style="display:inline-block;width:5.1px"> </div>UBS<div style="display:inline-block;width:5.56px"> </div>to pay<div style="display:inline-block;width:6.3px"> </div>an aggregate<div style="display:inline-block;width:6.52px"> </div>of<div style="display:inline-block;width:5.25px"> </div>USD </div><div id="a100991_94_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:579.365px;top:375.2px;">141</div><div id="a100991_97_14" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:601.591px;top:375.2px;">m<div style="display:inline-block;width:5.05px"> </div>and<div style="display:inline-block;width:5.13px"> </div>provide </div><div id="a100995" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:390.3px;">cooperation to<div style="display:inline-block;width:5.28px"> </div>the settlement classes.<div style="display:inline-block;width:5.88px"> </div>Certain class<div style="display:inline-block;width:5.04px"> </div>members have<div style="display:inline-block;width:5.1px"> </div>excluded themselves<div style="display:inline-block;width:5.56px"> </div>from that settlement<div style="display:inline-block;width:5.77px"> </div>and have </div><div id="a100996" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:405.4px;">filed individual<div style="display:inline-block;width:6.28px"> </div>actions<div style="display:inline-block;width:5.2px"> </div>in US<div style="display:inline-block;width:6.03px"> </div>and<div style="display:inline-block;width:5.13px"> </div>English<div style="display:inline-block;width:5.18px"> </div>courts against<div style="display:inline-block;width:6.08px"> </div>UBS<div style="display:inline-block;width:5.08px"> </div>and<div style="display:inline-block;width:5.13px"> </div>other banks,<div style="display:inline-block;width:6.44px"> </div>alleging<div style="display:inline-block;width:5.02px"> </div>violations of<div style="display:inline-block;width:5.82px"> </div>US and<div style="display:inline-block;width:6.34px"> </div>European </div><div id="a100998" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:421.1px;">competition<div style="display:inline-block;width:5.14px"> </div>laws and<div style="display:inline-block;width:6.23px"> </div>unjust<div style="display:inline-block;width:5.13px"> </div>enrichment. UBS<div style="display:inline-block;width:6.24px"> </div>and<div style="display:inline-block;width:5.16px"> </div>the other<div style="display:inline-block;width:5.93px"> </div>banks have<div style="display:inline-block;width:5.76px"> </div>reached<div style="display:inline-block;width:5.02px"> </div>an agreement<div style="display:inline-block;width:6.17px"> </div>in principle<div style="display:inline-block;width:5.82px"> </div>to resolve </div><div id="a101002" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:436.2px;">those individual matters. </div><div id="a101004" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:459.4px;">In 2015,<div style="display:inline-block;width:5.84px"> </div>a putative class action<div style="display:inline-block;width:5.99px"> </div>was filed<div style="display:inline-block;width:5.46px"> </div>in federal<div style="display:inline-block;width:5.2px"> </div>court against UBS<div style="display:inline-block;width:5.86px"> </div>and numerous<div style="display:inline-block;width:6.03px"> </div>other banks<div style="display:inline-block;width:5.38px"> </div>on behalf<div style="display:inline-block;width:5.38px"> </div>of persons </div><div id="a101006" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:474.5px;">and businesses<div style="display:inline-block;width:5.94px"> </div>in the US<div style="display:inline-block;width:5.71px"> </div>who directly purchased<div style="display:inline-block;width:5.71px"> </div>foreign currency from<div style="display:inline-block;width:6.03px"> </div>the defendants<div style="display:inline-block;width:5.43px"> </div>and alleged<div style="display:inline-block;width:5.43px"> </div>co-conspirators for </div><div id="a101009" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:489.7px;">their own end use. In March 2017, the court granted UBS’s (and the other banks’) motions to dismiss the complaint. The </div><div id="a101011" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:504.8px;">plaintiffs<div style="display:inline-block;width:5.12px"> </div>filed<div style="display:inline-block;width:5.52px"> </div>an<div style="display:inline-block;width:5.4px"> </div>amended<div style="display:inline-block;width:5.66px"> </div>complaint<div style="display:inline-block;width:5.56px"> </div>in<div style="display:inline-block;width:5.3px"> </div>August<div style="display:inline-block;width:5.86px"> </div>2017.<div style="display:inline-block;width:5.64px"> </div>In<div style="display:inline-block;width:5.3px"> </div>March<div style="display:inline-block;width:5.34px"> </div>2018,<div style="display:inline-block;width:5.64px"> </div>the<div style="display:inline-block;width:5.25px"> </div>court<div style="display:inline-block;width:5.1px"> </div>denied<div style="display:inline-block;width:5.7px"> </div>the<div style="display:inline-block;width:5.25px"> </div>defendants’<div style="display:inline-block;width:5.86px"> </div>motions<div style="display:inline-block;width:5.45px"> </div>to </div><div id="a101012" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:520.4px;">dismiss the amended complaint. In March<div style="display:inline-block;width:5.02px"> </div>2022, the court denied<div style="display:inline-block;width:5.46px"> </div>plaintiffs’ motion for class certification. </div><div id="a101015" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:542.9px;">LIBOR<div style="display:inline-block;width:7.09px"> </div>and<div style="display:inline-block;width:7.5px"> </div>other<div style="display:inline-block;width:7.19px"> </div>benchmark-related<div style="display:inline-block;width:7.4px"> </div>regulatory<div style="display:inline-block;width:7.17px"> </div>matters:</div><div id="a101018" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:337.072px;top:543.1px;"><div style="display:inline-block;width:7.13px"> </div>Numerous<div style="display:inline-block;width:7.84px"> </div>government<div style="display:inline-block;width:7px"> </div>agencies<div style="display:inline-block;width:7.24px"> </div>conducted<div style="display:inline-block;width:7.55px"> </div>investigations </div><div id="a101020" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:558.3px;">regarding potential improper attempts by UBS, among others, to manipulate LIBOR<div style="display:inline-block;width:2.29px"> </div>and other benchmark rates at certain </div><div id="a101021" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:573.9px;">times.<div style="display:inline-block;width:5.42px"> </div>UBS<div style="display:inline-block;width:6.03px"> </div>reached<div style="display:inline-block;width:5.96px"> </div>settlements<div style="display:inline-block;width:5.73px"> </div>or<div style="display:inline-block;width:5.72px"> </div>otherwise<div style="display:inline-block;width:6.29px"> </div>concluded<div style="display:inline-block;width:6.18px"> </div>investigations<div style="display:inline-block;width:6.23px"> </div>relating<div style="display:inline-block;width:5.8px"> </div>to<div style="display:inline-block;width:5.72px"> </div>benchmark<div style="display:inline-block;width:6.09px"> </div>interest<div style="display:inline-block;width:6.07px"> </div>rates<div style="display:inline-block;width:5.42px"> </div>with<div style="display:inline-block;width:6.2px"> </div>the </div><div id="a101023" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:589px;">investigating<div style="display:inline-block;width:6.66px"> </div>authorities.<div style="display:inline-block;width:6.24px"> </div>UBS<div style="display:inline-block;width:6.5px"> </div>was<div style="display:inline-block;width:6.77px"> </div>granted<div style="display:inline-block;width:6.92px"> </div>conditional<div style="display:inline-block;width:6.49px"> </div>leniency<div style="display:inline-block;width:6.41px"> </div>or<div style="display:inline-block;width:6.67px"> </div>conditional<div style="display:inline-block;width:6.49px"> </div>immunity<div style="display:inline-block;width:7.1px"> </div>from<div style="display:inline-block;width:6.13px"> </div>authorities<div style="display:inline-block;width:7.08px"> </div>in<div style="display:inline-block;width:6.25px"> </div>certain </div><div id="a101024" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:604.6px;">jurisdictions, including<div style="display:inline-block;width:5.89px"> </div>the Antitrust Division of<div style="display:inline-block;width:5.59px"> </div>the DOJ and<div style="display:inline-block;width:5.29px"> </div>the Swiss Competition Commission<div style="display:inline-block;width:5.83px"> </div>(WEKO), in connection </div><div id="a101026" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:619.8px;">with<div style="display:inline-block;width:5.72px"> </div>potential<div style="display:inline-block;width:5.77px"> </div>antitrust<div style="display:inline-block;width:5.41px"> </div>or<div style="display:inline-block;width:5.72px"> </div>competition<div style="display:inline-block;width:6.09px"> </div>law<div style="display:inline-block;width:5.67px"> </div>violations<div style="display:inline-block;width:6.14px"> </div>related<div style="display:inline-block;width:5.71px"> </div>to<div style="display:inline-block;width:5.72px"> </div>certain<div style="display:inline-block;width:5.26px"> </div>rates.<div style="display:inline-block;width:5.52px"> </div>However,<div style="display:inline-block;width:6.15px"> </div>UBS<div style="display:inline-block;width:6.03px"> </div>has<div style="display:inline-block;width:5.45px"> </div>not<div style="display:inline-block;width:5.93px"> </div>reached<div style="display:inline-block;width:5.49px"> </div>a<div style="display:inline-block;width:5.67px"> </div>final </div><div id="a101027" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:634.9px;">settlement with WEKO, as the Secretariat of<div style="display:inline-block;width:5.1px"> </div>WEKO has asserted that UBS<div style="display:inline-block;width:5.28px"> </div>does not qualify for full immunity. </div><div id="a101029" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:657.8px;">LIBOR and<div style="display:inline-block;width:5.23px"> </div>other benchmark-related<div style="display:inline-block;width:5.23px"> </div>civil litigation:</div><div id="a101033" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:292.152px;top:658.1px;"><div style="display:inline-block;width:4.25px"> </div>A number<div style="display:inline-block;width:5.29px"> </div>of putative class<div style="display:inline-block;width:5.04px"> </div>actions and<div style="display:inline-block;width:5.7px"> </div>other actions are<div style="display:inline-block;width:5.59px"> </div>pending in </div><div id="a101035" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:673.2px;">the federal<div style="display:inline-block;width:5.62px"> </div>courts in<div style="display:inline-block;width:5.82px"> </div>New York<div style="display:inline-block;width:6.31px"> </div>against UBS<div style="display:inline-block;width:6.33px"> </div>and numerous<div style="display:inline-block;width:5.56px"> </div>other banks<div style="display:inline-block;width:5.86px"> </div>on behalf<div style="display:inline-block;width:5.86px"> </div>of parties<div style="display:inline-block;width:5.2px"> </div>who<div style="display:inline-block;width:5.24px"> </div>transacted in<div style="display:inline-block;width:5.67px"> </div>certain </div><div id="a101036" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:688.4px;">interest rate benchmark-based derivatives. Also pending in the<div style="display:inline-block;width:2.17px"> </div>US and in<div style="display:inline-block;width:2.28px"> </div>other jurisdictions are a number<div style="display:inline-block;width:1.83px"> </div>of other actions </div><div id="a101040" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:704px;">asserting losses<div style="display:inline-block;width:5.17px"> </div>related to various<div style="display:inline-block;width:5.96px"> </div>products whose<div style="display:inline-block;width:5.98px"> </div>interest rates were<div style="display:inline-block;width:5.27px"> </div>linked to<div style="display:inline-block;width:5.08px"> </div>LIBOR and<div style="display:inline-block;width:5.7px"> </div>other benchmarks, including </div><div id="a101041" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:719.1px;">adjustable<div style="display:inline-block;width:6.91px"> </div>rate<div style="display:inline-block;width:6.79px"> </div>mortgages,<div style="display:inline-block;width:6.92px"> </div>preferred<div style="display:inline-block;width:6.89px"> </div>and<div style="display:inline-block;width:7.03px"> </div>debt<div style="display:inline-block;width:6.87px"> </div>securities,<div style="display:inline-block;width:7px"> </div>bonds<div style="display:inline-block;width:7.48px"> </div>pledged<div style="display:inline-block;width:7.33px"> </div>as<div style="display:inline-block;width:6.67px"> </div>collateral,<div style="display:inline-block;width:6.58px"> </div>loans,<div style="display:inline-block;width:7.07px"> </div>depository<div style="display:inline-block;width:6.87px"> </div>accounts, </div><div id="a101044" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:734.3px;">investments<div style="display:inline-block;width:5.88px"> </div>and<div style="display:inline-block;width:6.08px"> </div>other<div style="display:inline-block;width:5.77px"> </div>interest-bearing<div style="display:inline-block;width:6.4px"> </div>instruments.<div style="display:inline-block;width:6.24px"> </div>The<div style="display:inline-block;width:5.88px"> </div>complaints<div style="display:inline-block;width:6.09px"> </div>allege<div style="display:inline-block;width:6.14px"> </div>manipulation,<div style="display:inline-block;width:6.64px"> </div>through<div style="display:inline-block;width:6.62px"> </div>various<div style="display:inline-block;width:5.67px"> </div>means,<div style="display:inline-block;width:5.88px"> </div>of </div><div id="a101047" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:749.9px;">certain benchmark interest<div style="display:inline-block;width:2.19px"> </div>rates, including USD LIBOR, Euroyen TIBOR,<div style="display:inline-block;width:2.22px"> </div>Yen LIBOR, EURIBOR, CHF LIBOR, GBP<div style="display:inline-block;width:1.71px"> </div>LIBOR, SGD </div><div id="a101053" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:765px;">SIBOR<div style="display:inline-block;width:6.34px"> </div>and<div style="display:inline-block;width:6.55px"> </div>SOR<div style="display:inline-block;width:6.25px"> </div>and<div style="display:inline-block;width:6.08px"> </div>Australian<div style="display:inline-block;width:6.24px"> </div>BBSW,<div style="display:inline-block;width:6.49px"> </div>and<div style="display:inline-block;width:6.55px"> </div>seek<div style="display:inline-block;width:5.72px"> </div>unspecified<div style="display:inline-block;width:6.44px"> </div>compensatory<div style="display:inline-block;width:6.14px"> </div>and<div style="display:inline-block;width:6.55px"> </div>other<div style="display:inline-block;width:6.25px"> </div>damages<div style="display:inline-block;width:6.45px"> </div>under<div style="display:inline-block;width:6.6px"> </div>varying<div style="display:inline-block;width:5.89px"> </div>legal </div><div id="a101054" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:780.6px;">theories.</div></div><div id="TextBlockContainer472" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:840px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a101098" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:0px;">USD LIBOR class and individual actions in the<div style="display:inline-block;width:2.19px"> </div>US: </div><div id="a101102" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:282.192px;top:0.3px;">In 2013 and 2015,<div style="display:inline-block;width:2.07px"> </div>the district court<div style="display:inline-block;width:1.9px"> </div>in the USD LIBOR actions dismissed, </div><div id="a101105" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.9px;">in whole<div style="display:inline-block;width:6.28px"> </div>or in<div style="display:inline-block;width:5.93px"> </div>part, certain<div style="display:inline-block;width:5.37px"> </div>plaintiffs’ antitrust<div style="display:inline-block;width:6.49px"> </div>claims, federal<div style="display:inline-block;width:6.11px"> </div>racketeering<div style="display:inline-block;width:5.31px"> </div>claims, CEA<div style="display:inline-block;width:6.15px"> </div>claims, and<div style="display:inline-block;width:5.77px"> </div>state common<div style="display:inline-block;width:6.09px"> </div>law </div><div id="a101106" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:31px;">claims,<div style="display:inline-block;width:5.26px"> </div>and<div style="display:inline-block;width:5.61px"> </div>again<div style="display:inline-block;width:5.5px"> </div>dismissed<div style="display:inline-block;width:5.39px"> </div>the<div style="display:inline-block;width:5.25px"> </div>antitrust claims<div style="display:inline-block;width:6.42px"> </div>in<div style="display:inline-block;width:5.3px"> </div>2016<div style="display:inline-block;width:6.2px"> </div>following<div style="display:inline-block;width:5.65px"> </div>an<div style="display:inline-block;width:5.4px"> </div>appeal.<div style="display:inline-block;width:5.13px"> </div>In<div style="display:inline-block;width:5.3px"> </div>December 2021,<div style="display:inline-block;width:7.01px"> </div>the<div style="display:inline-block;width:5.25px"> </div>Second<div style="display:inline-block;width:5.61px"> </div>Circuit </div><div id="a101109" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.6px;">affirmed<div style="display:inline-block;width:6.82px"> </div>the<div style="display:inline-block;width:6.67px"> </div>district<div style="display:inline-block;width:6.95px"> </div>court’s<div style="display:inline-block;width:6.67px"> </div>dismissal<div style="display:inline-block;width:7.45px"> </div>in<div style="display:inline-block;width:6.72px"> </div>part<div style="display:inline-block;width:6.52px"> </div>and<div style="display:inline-block;width:7.03px"> </div>reversed<div style="display:inline-block;width:7.08px"> </div>in<div style="display:inline-block;width:6.72px"> </div>part<div style="display:inline-block;width:6.99px"> </div>and<div style="display:inline-block;width:7.03px"> </div>remanded<div style="display:inline-block;width:7.16px"> </div>to<div style="display:inline-block;width:6.67px"> </div>the<div style="display:inline-block;width:6.67px"> </div>district<div style="display:inline-block;width:6.95px"> </div>court<div style="display:inline-block;width:6.99px"> </div>for<div style="display:inline-block;width:6.52px"> </div>further </div><div id="a101110" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.8px;">proceedings. The Second<div style="display:inline-block;width:2.23px"> </div>Circuit, among other<div style="display:inline-block;width:1.69px"> </div>things, held that<div style="display:inline-block;width:1.85px"> </div>there was<div style="display:inline-block;width:2.28px"> </div>personal jurisdiction over<div style="display:inline-block;width:1.61px"> </div>UBS and other<div style="display:inline-block;width:2.01px"> </div>foreign </div><div id="a101113" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.9px;">defendants<div style="display:inline-block;width:5.28px"> </div>based<div style="display:inline-block;width:5.18px"> </div>on<div style="display:inline-block;width:5.13px"> </div>allegations that<div style="display:inline-block;width:5.86px"> </div>at least<div style="display:inline-block;width:5.42px"> </div>one<div style="display:inline-block;width:5.13px"> </div>alleged co<div style="display:inline-block;width:1.47px"> </div>-conspirator<div style="display:inline-block;width:5.14px"> </div>undertook<div style="display:inline-block;width:5.43px"> </div>an overt<div style="display:inline-block;width:5.68px"> </div>act in<div style="display:inline-block;width:5.99px"> </div>the United<div style="display:inline-block;width:6.13px"> </div>States. </div><div id="a101116" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:92.5px;">Separately,<div style="display:inline-block;width:5.17px"> </div>in 2018,<div style="display:inline-block;width:6.79px"> </div>the Second<div style="display:inline-block;width:6.23px"> </div>Circuit reversed<div style="display:inline-block;width:6.11px"> </div>in part<div style="display:inline-block;width:6.25px"> </div>the district<div style="display:inline-block;width:6.63px"> </div>court’s 2015<div style="display:inline-block;width:6.64px"> </div>decision dismissing<div style="display:inline-block;width:7.13px"> </div>certain individual </div><div id="a101118" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:107.7px;">plaintiffs’ claims<div style="display:inline-block;width:5.29px"> </div>and certain<div style="display:inline-block;width:5.3px"> </div>of these<div style="display:inline-block;width:5.45px"> </div>actions are<div style="display:inline-block;width:5.39px"> </div>now proceeding.<div style="display:inline-block;width:6.24px"> </div>In 2018,<div style="display:inline-block;width:5.84px"> </div>the district<div style="display:inline-block;width:5.21px"> </div>court denied<div style="display:inline-block;width:5.23px"> </div>plaintiffs’<div style="display:inline-block;width:5.23px"> </div>motions </div><div id="a101119" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:123.3px;">for class certification in the USD<div style="display:inline-block;width:5.54px"> </div>class actions for claims pending<div style="display:inline-block;width:5.22px"> </div>against UBS, and plaintiffs sought permission<div style="display:inline-block;width:5.45px"> </div>to appeal </div><div id="a101123" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:138.4px;">that ruling to the<div style="display:inline-block;width:1.97px"> </div>Second Circuit. In July<div style="display:inline-block;width:1.96px"> </div>2018, the Second Circuit<div style="display:inline-block;width:2.03px"> </div>denied the petition<div style="display:inline-block;width:2.27px"> </div>to appeal of the<div style="display:inline-block;width:1.71px"> </div>class of USD lenders </div><div id="a101126" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:154px;">and in November 2018 denied<div style="display:inline-block;width:5.59px"> </div>the petition of the USD exchange class. In January 2019,<div style="display:inline-block;width:5.99px"> </div>a putative class action was filed </div><div id="a101130" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:169.2px;">in<div style="display:inline-block;width:5.3px"> </div>the<div style="display:inline-block;width:5.25px"> </div>District<div style="display:inline-block;width:5.48px"> </div>Court<div style="display:inline-block;width:5.93px"> </div>for<div style="display:inline-block;width:5.1px"> </div>the<div style="display:inline-block;width:5.25px"> </div>Southern<div style="display:inline-block;width:5.94px"> </div>District<div style="display:inline-block;width:5.48px"> </div>of<div style="display:inline-block;width:5.25px"> </div>New<div style="display:inline-block;width:5.93px"> </div>York<div style="display:inline-block;width:5.47px"> </div>against<div style="display:inline-block;width:5.4px"> </div>UBS<div style="display:inline-block;width:5.56px"> </div>and<div style="display:inline-block;width:5.61px"> </div>numerous<div style="display:inline-block;width:6.47px"> </div>other<div style="display:inline-block;width:5.3px"> </div>banks<div style="display:inline-block;width:5.66px"> </div>on<div style="display:inline-block;width:5.61px"> </div>behalf<div style="display:inline-block;width:5.35px"> </div>of<div style="display:inline-block;width:5.25px"> </div>US </div><div id="a101131" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:184.3px;">residents who, since<div style="display:inline-block;width:2.04px"> </div>1 February 2014, directly<div style="display:inline-block;width:1.69px"> </div>transacted with<div style="display:inline-block;width:2.31px"> </div>a defendant bank<div style="display:inline-block;width:2.06px"> </div>in USD LIBOR instruments.<div style="display:inline-block;width:1.93px"> </div>The complaint </div><div id="a101136" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:199.9px;">asserts antitrust claims.<div style="display:inline-block;width:2.27px"> </div>The defendants moved to<div style="display:inline-block;width:1.64px"> </div>dismiss the complaint in<div style="display:inline-block;width:1.76px"> </div>August 2019. In March<div style="display:inline-block;width:2.12px"> </div>2020 the court<div style="display:inline-block;width:1.91px"> </div>granted </div><div id="a101138" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:215px;">defendants’<div style="display:inline-block;width:5.38px"> </div>motion to<div style="display:inline-block;width:6.02px"> </div>dismiss the<div style="display:inline-block;width:5.82px"> </div>complaint<div style="display:inline-block;width:5.09px"> </div>in its<div style="display:inline-block;width:6.14px"> </div>entirety. Plaintiffs<div style="display:inline-block;width:6.49px"> </div>have appealed<div style="display:inline-block;width:6.75px"> </div>the dismissal.<div style="display:inline-block;width:5.82px"> </div>In March<div style="display:inline-block;width:6.49px"> </div>2022,<div style="display:inline-block;width:5.64px"> </div>the </div><div id="a101139" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:230.7px;">Second<div style="display:inline-block;width:5.13px"> </div>Circuit dismissed<div style="display:inline-block;width:5.85px"> </div>the appeal<div style="display:inline-block;width:6.25px"> </div>because appellants,<div style="display:inline-block;width:6.43px"> </div>who<div style="display:inline-block;width:5.24px"> </div>had been<div style="display:inline-block;width:6.12px"> </div>substituted in<div style="display:inline-block;width:5.75px"> </div>to replace<div style="display:inline-block;width:5.81px"> </div>the original<div style="display:inline-block;width:5.97px"> </div>plaintiffs </div><div id="a101141" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:245.8px;">who had withdrawn, lacked standing<div style="display:inline-block;width:2.34px"> </div>to pursue the appeal.<div style="display:inline-block;width:2.27px"> </div>In August 2020, an<div style="display:inline-block;width:1.71px"> </div>individual action was filed<div style="display:inline-block;width:2.33px"> </div>in the Northern </div><div id="a101142" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:261.4px;">District of<div style="display:inline-block;width:5.63px"> </div>California against<div style="display:inline-block;width:6.15px"> </div>UBS<div style="display:inline-block;width:5.08px"> </div>and<div style="display:inline-block;width:5.13px"> </div>numerous<div style="display:inline-block;width:5.05px"> </div>other<div style="display:inline-block;width:5.02px"> </div>banks<div style="display:inline-block;width:5.18px"> </div>alleging that<div style="display:inline-block;width:5.5px"> </div>the defendants<div style="display:inline-block;width:6.38px"> </div>conspired<div style="display:inline-block;width:5.37px"> </div>to fix the<div style="display:inline-block;width:6px"> </div>interest </div><div id="a101144" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:276.6px;">rate used<div style="display:inline-block;width:6.87px"> </div>as<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>basis<div style="display:inline-block;width:5.4px"> </div>for<div style="display:inline-block;width:5.1px"> </div>loans<div style="display:inline-block;width:5.55px"> </div>to<div style="display:inline-block;width:5.25px"> </div>consumers by<div style="display:inline-block;width:6.45px"> </div>jointly setting<div style="display:inline-block;width:6.98px"> </div>the<div style="display:inline-block;width:5.25px"> </div>USD LIBOR<div style="display:inline-block;width:5.86px"> </div>rate<div style="display:inline-block;width:5.37px"> </div>and<div style="display:inline-block;width:5.61px"> </div>monopolized<div style="display:inline-block;width:5.38px"> </div>the<div style="display:inline-block;width:5.25px"> </div>market for </div><div id="a101147" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:291.7px;">LIBOR-based<div style="display:inline-block;width:6.45px"> </div>consumer<div style="display:inline-block;width:6.29px"> </div>loans<div style="display:inline-block;width:6.5px"> </div>and<div style="display:inline-block;width:6.55px"> </div>credit<div style="display:inline-block;width:5.98px"> </div>cards.<div style="display:inline-block;width:6.39px"> </div>Defendants<div style="display:inline-block;width:6.65px"> </div>moved<div style="display:inline-block;width:6.2px"> </div>to<div style="display:inline-block;width:6.2px"> </div>dismiss<div style="display:inline-block;width:6.86px"> </div>the<div style="display:inline-block;width:6.67px"> </div>complaint<div style="display:inline-block;width:6.04px"> </div>in<div style="display:inline-block;width:6.25px"> </div>September<div style="display:inline-block;width:6.57px"> </div>2021.<div style="display:inline-block;width:7.06px"> </div>In </div><div id="a101151" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:307.3px;">September 2022, the court<div style="display:inline-block;width:5.37px"> </div>granted defendants’ motion<div style="display:inline-block;width:5.62px"> </div>to dismiss the complaint<div style="display:inline-block;width:5.49px"> </div>in its entirety, while<div style="display:inline-block;width:5.08px"> </div>allowing plaintiffs </div><div id="a101152" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:322.4px;">the opportunity<div style="display:inline-block;width:5.33px"> </div>to file an<div style="display:inline-block;width:5.3px"> </div>amended<div style="display:inline-block;width:5.18px"> </div>complaint. Plaintiffs<div style="display:inline-block;width:5.02px"> </div>filed an<div style="display:inline-block;width:5.35px"> </div>amended complaint<div style="display:inline-block;width:5.65px"> </div>in October<div style="display:inline-block;width:5.2px"> </div>2022,<div style="display:inline-block;width:5.52px"> </div>and defendants </div><div id="a101154" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:338.1px;">have moved to dismiss the amended<div style="display:inline-block;width:5.36px"> </div>complaint in November 2022<div style="display:inline-block;width:1.39px"> </div>. </div><div id="a101158" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:360.5px;">Other benchmark class actions in the<div style="display:inline-block;width:5.16px"> </div>US:<div style="display:inline-block;width:4.1px"> </div></div><div id="a101161" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:375.6px;">Yen<div style="display:inline-block;width:6.49px"> </div>LIBOR<div style="display:inline-block;width:5.2px"> </div>/<div style="display:inline-block;width:5.31px"> </div>Euroyen<div style="display:inline-block;width:5.45px"> </div>TIBOR<div style="display:inline-block;width:5.49px"> </div>– </div><div id="a101164" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:181.872px;top:375.9px;">In 2014,<div style="display:inline-block;width:6.32px"> </div>2015<div style="display:inline-block;width:5.54px"> </div>and<div style="display:inline-block;width:5.13px"> </div>2017,<div style="display:inline-block;width:5.64px"> </div>the court<div style="display:inline-block;width:6.2px"> </div>in<div style="display:inline-block;width:5.3px"> </div>one<div style="display:inline-block;width:5.13px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>Yen<div style="display:inline-block;width:6.1px"> </div>LIBOR<div style="display:inline-block;width:5.2px"> </div>/<div style="display:inline-block;width:5.31px"> </div>Euroyen<div style="display:inline-block;width:5.69px"> </div>TIBOR<div style="display:inline-block;width:5.4px"> </div>lawsuits </div><div id="a101165" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:391px;">dismissed<div style="display:inline-block;width:5.39px"> </div>certain<div style="display:inline-block;width:5.26px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.34px"> </div>plaintiffs’<div style="display:inline-block;width:5.23px"> </div>claims,<div style="display:inline-block;width:5.26px"> </div>including<div style="display:inline-block;width:5.7px"> </div>the<div style="display:inline-block;width:5.25px"> </div>plaintiffs’<div style="display:inline-block;width:5.23px"> </div>federal antitrust<div style="display:inline-block;width:7.2px"> </div>and<div style="display:inline-block;width:5.61px"> </div>racketeering<div style="display:inline-block;width:5.31px"> </div>claims. In<div style="display:inline-block;width:6.41px"> </div>August </div><div id="a101168" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:406.6px;">2020,<div style="display:inline-block;width:5.17px"> </div>the court granted<div style="display:inline-block;width:5.66px"> </div>defendants’ motion<div style="display:inline-block;width:5.69px"> </div>for judgment<div style="display:inline-block;width:5.13px"> </div>on the pleadings<div style="display:inline-block;width:6.04px"> </div>and dismissed the<div style="display:inline-block;width:5.58px"> </div>lone remaining<div style="display:inline-block;width:5.94px"> </div>claim in </div><div id="a101169" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:421.8px;">the action as<div style="display:inline-block;width:1.67px"> </div>impermissibly extraterritorial. In October<div style="display:inline-block;width:2.25px"> </div>2022, the appeals court<div style="display:inline-block;width:1.52px"> </div>affirmed the dismissal<div style="display:inline-block;width:2.23px"> </div>on multiple grounds. </div><div id="a101171" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:437.4px;">In 2017,<div style="display:inline-block;width:6.32px"> </div>the court<div style="display:inline-block;width:5.72px"> </div>dismissed the<div style="display:inline-block;width:6.02px"> </div>other Yen<div style="display:inline-block;width:7.25px"> </div>LIBOR<div style="display:inline-block;width:5.2px"> </div>/ Euroyen<div style="display:inline-block;width:6.37px"> </div>TIBOR action<div style="display:inline-block;width:6.39px"> </div>in its<div style="display:inline-block;width:5.67px"> </div>entirety<div style="display:inline-block;width:5.35px"> </div>on<div style="display:inline-block;width:5.13px"> </div>standing<div style="display:inline-block;width:5.33px"> </div>grounds.<div style="display:inline-block;width:5.51px"> </div>In April </div><div id="a101172" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:452.6px;">2020, the<div style="display:inline-block;width:5.32px"> </div>appeals court reversed<div style="display:inline-block;width:5.16px"> </div>the dismissal and<div style="display:inline-block;width:5.75px"> </div>in August<div style="display:inline-block;width:5.3px"> </div>2020 plaintiffs in<div style="display:inline-block;width:5.29px"> </div>that action filed<div style="display:inline-block;width:5.09px"> </div>an amended<div style="display:inline-block;width:5.49px"> </div>complaint </div><div id="a101174" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:468.2px;">focused<div style="display:inline-block;width:6.45px"> </div>on<div style="display:inline-block;width:6.55px"> </div>Yen<div style="display:inline-block;width:7.52px"> </div>LIBOR.<div style="display:inline-block;width:6.25px"> </div>The<div style="display:inline-block;width:5.88px"> </div>court<div style="display:inline-block;width:6.04px"> </div>granted<div style="display:inline-block;width:6.45px"> </div>in<div style="display:inline-block;width:6.25px"> </div>part<div style="display:inline-block;width:6.04px"> </div>and<div style="display:inline-block;width:6.08px"> </div>denied<div style="display:inline-block;width:6.65px"> </div>in<div style="display:inline-block;width:5.77px"> </div>part<div style="display:inline-block;width:6.04px"> </div>defendants’<div style="display:inline-block;width:6.8px"> </div>motion<div style="display:inline-block;width:6.34px"> </div>to<div style="display:inline-block;width:6.2px"> </div>dismiss<div style="display:inline-block;width:6.14px"> </div>the<div style="display:inline-block;width:6.2px"> </div>amended </div><div id="a101175" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:483.3px;">complaint in<div style="display:inline-block;width:5.77px"> </div>September 2021.<div style="display:inline-block;width:6.16px"> </div>In August<div style="display:inline-block;width:5.59px"> </div>2022, the<div style="display:inline-block;width:5.8px"> </div>court granted<div style="display:inline-block;width:5.5px"> </div>UBS’s motion<div style="display:inline-block;width:6.01px"> </div>for reconsideration<div style="display:inline-block;width:5.95px"> </div>and dismissed<div style="display:inline-block;width:5.9px"> </div>the </div><div id="a101177" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:498.4px;">case against UBS.<div style="display:inline-block;width:4.55px"> </div></div><div id="a101179" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:521.4px;">CHF LIBOR</div><div id="a101180" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:64.05px;top:521.6px;"><div style="display:inline-block;width:3.31px"> </div>– In 2017, the court<div style="display:inline-block;width:2.32px"> </div>dismissed the CHF LIBOR action on standing grounds<div style="display:inline-block;width:1.9px"> </div>and failure to state<div style="display:inline-block;width:2.33px"> </div>a claim. Plaintiffs </div><div id="a101186" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:536.8px;">filed an amended complaint, and the court granted a<div style="display:inline-block;width:1.98px"> </div>renewed motion to dismiss in September 2019. Plaintiffs appealed. </div><div id="a101188" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:551.9px;">In September 2021, the Second Circuit granted<div style="display:inline-block;width:5.05px"> </div>the parties’ joint motion to vacate the dismissal and remand the case for </div><div id="a101189" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:567.5px;">further proceedings. Plaintiffs filed a third amended complaint in<div style="display:inline-block;width:2.28px"> </div>November 2022 and defendants have moved to dismiss </div><div id="a101192" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:582.7px;">the amended complaint in January 2023<div style="display:inline-block;width:1.84px"> </div>. </div><div id="a101196" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:605.1px;">EURIBOR</div><div id="a101197" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:55.538px;top:605.4px;"><div style="display:inline-block;width:3.78px"> </div>– In 2017, the court in the EURIBOR<div style="display:inline-block;width:5.22px"> </div>lawsuit dismissed the case as to UBS and certain other foreign<div style="display:inline-block;width:5.41px"> </div>defendants </div><div id="a101201" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:620.5px;">for lack of personal jurisdiction. Plaintiffs<div style="display:inline-block;width:5.04px"> </div>have appealed.<div style="display:inline-block;width:4.69px"> </div></div><div id="a101203" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:643.4px;">SIBOR / SOR</div><div id="a101204" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:73.036px;top:643.7px;"><div style="display:inline-block;width:3.31px"> </div>– In October 2018, the court<div style="display:inline-block;width:2.25px"> </div>in the SIBOR / SOR action<div style="display:inline-block;width:1.96px"> </div>dismissed all but one of plaintiffs’<div style="display:inline-block;width:2.18px"> </div>claims against UBS. </div><div id="a101209" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:658.8px;">Plaintiffs<div style="display:inline-block;width:6.34px"> </div>filed<div style="display:inline-block;width:5.99px"> </div>an<div style="display:inline-block;width:6.35px"> </div>amended<div style="display:inline-block;width:7.07px"> </div>complaint,<div style="display:inline-block;width:6.14px"> </div>and<div style="display:inline-block;width:6.55px"> </div>the<div style="display:inline-block;width:6.2px"> </div>court<div style="display:inline-block;width:6.52px"> </div>granted<div style="display:inline-block;width:6.45px"> </div>a<div style="display:inline-block;width:6.15px"> </div>renewed<div style="display:inline-block;width:6.74px"> </div>motion<div style="display:inline-block;width:6.82px"> </div>to<div style="display:inline-block;width:6.2px"> </div>dismiss<div style="display:inline-block;width:6.14px"> </div>in<div style="display:inline-block;width:6.25px"> </div>July<div style="display:inline-block;width:6.36px"> </div>2019.<div style="display:inline-block;width:7.06px"> </div>Plaintiffs </div><div id="a101210" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:674px;">appealed.<div style="display:inline-block;width:5.34px"> </div>In March<div style="display:inline-block;width:6.01px"> </div>2021,<div style="display:inline-block;width:5.64px"> </div>the Second<div style="display:inline-block;width:6.36px"> </div>Circuit reversed<div style="display:inline-block;width:5.64px"> </div>the dismissal.<div style="display:inline-block;width:6.29px"> </div>Plaintiffs<div style="display:inline-block;width:5.39px"> </div>filed<div style="display:inline-block;width:5.52px"> </div>an amended<div style="display:inline-block;width:6.44px"> </div>complaint in<div style="display:inline-block;width:6.24px"> </div>October </div><div id="a101212" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:689.6px;">2021, which defendants moved to dismiss in November 2021. In March 2022, plaintiffs reached a settlement in principle </div><div id="a101215" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:704.7px;">with the remaining defendants,<div style="display:inline-block;width:5.18px"> </div>including UBS. The court g<div style="display:inline-block;width:1.39px"> </div>ranted final approval of the settlement in November<div style="display:inline-block;width:5.09px"> </div>2022.<div style="display:inline-block;width:4.43px"> </div></div><div id="a101218" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:727.2px;">BBSW</div><div id="a101219" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:38.986px;top:727.4px;"><div style="display:inline-block;width:4.73px"> </div>– In<div style="display:inline-block;width:5.4px"> </div>November 2018,<div style="display:inline-block;width:6.27px"> </div>the court<div style="display:inline-block;width:5.25px"> </div>dismissed the<div style="display:inline-block;width:6.02px"> </div>BBSW lawsuit<div style="display:inline-block;width:5.5px"> </div>as to<div style="display:inline-block;width:5.4px"> </div>UBS<div style="display:inline-block;width:5.08px"> </div>and certain other<div style="display:inline-block;width:5.98px"> </div>foreign<div style="display:inline-block;width:5.16px"> </div>defendants for </div><div id="a101223" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:742.6px;">lack of personal jurisdiction. Plaintiffs filed an amended complaint<div style="display:inline-block;width:2.06px"> </div>in April 2019, which UBS and other defendants moved </div><div id="a101225" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:758.2px;">to dismiss in<div style="display:inline-block;width:5.58px"> </div>May 2019.<div style="display:inline-block;width:5.66px"> </div>In February 2020,<div style="display:inline-block;width:5.64px"> </div>the court granted<div style="display:inline-block;width:5.66px"> </div>in part and<div style="display:inline-block;width:5.34px"> </div>denied in part defendants’<div style="display:inline-block;width:6.19px"> </div>motions to<div style="display:inline-block;width:5.13px"> </div>dismiss </div><div id="a101228" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:773.3px;">the<div style="display:inline-block;width:6.2px"> </div>amended<div style="display:inline-block;width:6.6px"> </div>complaint.<div style="display:inline-block;width:6.14px"> </div>In<div style="display:inline-block;width:6.25px"> </div>August<div style="display:inline-block;width:6.8px"> </div>2020,<div style="display:inline-block;width:7.06px"> </div>UBS<div style="display:inline-block;width:6.03px"> </div>and<div style="display:inline-block;width:6.08px"> </div>other<div style="display:inline-block;width:6.25px"> </div>BBSW<div style="display:inline-block;width:6.35px"> </div>defendants<div style="display:inline-block;width:6.7px"> </div>joined<div style="display:inline-block;width:6.55px"> </div>a<div style="display:inline-block;width:6.15px"> </div>motion<div style="display:inline-block;width:6.34px"> </div>for<div style="display:inline-block;width:6.04px"> </div>judgment<div style="display:inline-block;width:6.55px"> </div>on<div style="display:inline-block;width:6.96px"> </div>the </div><div id="a101230" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:788.9px;">pleadings, which<div style="display:inline-block;width:5.79px"> </div>the court denied<div style="display:inline-block;width:5.86px"> </div>in May<div style="display:inline-block;width:5.25px"> </div>2021.<div style="display:inline-block;width:5.17px"> </div>In February 2022,<div style="display:inline-block;width:6.12px"> </div>plaintiffs reached<div style="display:inline-block;width:5.99px"> </div>a settlement<div style="display:inline-block;width:5.31px"> </div>in principle<div style="display:inline-block;width:5.34px"> </div>with the </div><div id="a101231" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:804.1px;">remaining defendants, including<div style="display:inline-block;width:5.47px"> </div>UBS. The court granted final approval of<div style="display:inline-block;width:5.07px"> </div>the settlement in November 2022. </div><div id="a101233" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:826.5px;">GBP LIBOR</div><div id="a101234" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:65.469px;top:826.8px;"><div style="display:inline-block;width:3.78px"> </div>– The court dismissed the GBP LIBOR<div style="display:inline-block;width:5.38px"> </div>action in August 2019.<div style="display:inline-block;width:5.23px"> </div>Plaintiffs have appealed.</div></div><div id="TextBlockContainer474" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:625px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a101281" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:0px;">Government bonds</div><div id="a101282" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:115.152px;top:0.3px;">: Putative class actions<div style="display:inline-block;width:5.94px"> </div>have been<div style="display:inline-block;width:5.24px"> </div>filed since 2015<div style="display:inline-block;width:5.53px"> </div>in US federal courts<div style="display:inline-block;width:5.98px"> </div>against UBS<div style="display:inline-block;width:5.38px"> </div>and other banks </div><div id="a101283" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.9px;">on behalf<div style="display:inline-block;width:5.86px"> </div>of persons<div style="display:inline-block;width:5.91px"> </div>who participated<div style="display:inline-block;width:5.08px"> </div>in markets<div style="display:inline-block;width:5.94px"> </div>for US<div style="display:inline-block;width:5.83px"> </div>Treasury securities<div style="display:inline-block;width:5.14px"> </div>since 2007.<div style="display:inline-block;width:6.16px"> </div>A consolidated<div style="display:inline-block;width:5.96px"> </div>complaint was </div><div id="a101285" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:31px;">filed in 2017 in the US District Court for the Southern<div style="display:inline-block;width:5.66px"> </div>District of New York alleging that the banks<div style="display:inline-block;width:5.11px"> </div>colluded with respect </div><div id="a101286" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.6px;">to, and<div style="display:inline-block;width:5.86px"> </div>manipulated<div style="display:inline-block;width:5.09px"> </div>prices of,<div style="display:inline-block;width:5.72px"> </div>US Treasury<div style="display:inline-block;width:5.24px"> </div>securities sold<div style="display:inline-block;width:5.71px"> </div>at auction<div style="display:inline-block;width:5.77px"> </div>and in<div style="display:inline-block;width:5.81px"> </div>the secondary<div style="display:inline-block;width:5.45px"> </div>market and<div style="display:inline-block;width:5.72px"> </div>asserting claims </div><div id="a101289" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.8px;">under<div style="display:inline-block;width:5.66px"> </div>the<div style="display:inline-block;width:5.25px"> </div>antitrust laws<div style="display:inline-block;width:6.04px"> </div>and<div style="display:inline-block;width:5.61px"> </div>for unjust<div style="display:inline-block;width:6.55px"> </div>enrichment. Defendants’<div style="display:inline-block;width:6.8px"> </div>motions<div style="display:inline-block;width:5.45px"> </div>to dismiss<div style="display:inline-block;width:6.29px"> </div>the<div style="display:inline-block;width:5.25px"> </div>consolidated<div style="display:inline-block;width:5.23px"> </div>complaint<div style="display:inline-block;width:5.09px"> </div>were </div><div id="a101290" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.9px;">granted<div style="display:inline-block;width:5.5px"> </div>in<div style="display:inline-block;width:5.3px"> </div>March<div style="display:inline-block;width:5.34px"> </div>2021.<div style="display:inline-block;width:6.12px"> </div>Plaintiffs filed<div style="display:inline-block;width:6.28px"> </div>an<div style="display:inline-block;width:5.56px"> </div>amended<div style="display:inline-block;width:5.66px"> </div>complaint,<div style="display:inline-block;width:5.2px"> </div>which<div style="display:inline-block;width:5.4px"> </div>defendants<div style="display:inline-block;width:6.23px"> </div>moved<div style="display:inline-block;width:5.25px"> </div>to<div style="display:inline-block;width:5.25px"> </div>dismiss<div style="display:inline-block;width:5.19px"> </div>in<div style="display:inline-block;width:5.3px"> </div>June<div style="display:inline-block;width:5.45px"> </div>2021.<div style="display:inline-block;width:6.12px"> </div>In </div><div id="a101292" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:92.5px;">March<div style="display:inline-block;width:5.34px"> </div>2022,<div style="display:inline-block;width:6.12px"> </div>the<div style="display:inline-block;width:5.25px"> </div>court granted<div style="display:inline-block;width:6.45px"> </div>defendants’<div style="display:inline-block;width:5.86px"> </div>motion<div style="display:inline-block;width:5.4px"> </div>to<div style="display:inline-block;width:5.25px"> </div>dismiss<div style="display:inline-block;width:5.19px"> </div>that<div style="display:inline-block;width:5.1px"> </div>complaint.<div style="display:inline-block;width:5.2px"> </div>Plaintiffs<div style="display:inline-block;width:5.87px"> </div>have<div style="display:inline-block;width:5.2px"> </div>appealed<div style="display:inline-block;width:5.7px"> </div>the<div style="display:inline-block;width:5.25px"> </div>dismissal. </div><div id="a101293" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:107.7px;">Similar class actions have been<div style="display:inline-block;width:5.19px"> </div>filed concerning European government<div style="display:inline-block;width:5.57px"> </div>bonds and other government bonds. </div><div id="a101297" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:130.8px;">In May 2021, the European Commission<div style="display:inline-block;width:2.2px"> </div>issued a decision finding that UBS<div style="display:inline-block;width:2.34px"> </div>and six other<div style="display:inline-block;width:1.87px"> </div>banks breached European Union </div><div id="a101298" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:146px;">antitrust rules in 2007–2011<div style="display:inline-block;width:6.11px"> </div>relating to European government<div style="display:inline-block;width:5.08px"> </div>bonds. The European<div style="display:inline-block;width:5.1px"> </div>Commission fined UBS EUR </div><div id="a101298_106_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:648.912px;top:146px;">172</div><div id="a101298_109_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:671.611px;top:146px;">m. </div><div id="a101303" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:161.1px;">UBS is appealing the<div style="display:inline-block;width:5.04px"> </div>amount of the fine. </div><div id="a101305" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:183.8px;">With respect<div style="display:inline-block;width:5.19px"> </div>to additional<div style="display:inline-block;width:5.23px"> </div>matters and<div style="display:inline-block;width:5.62px"> </div>jurisdictions not<div style="display:inline-block;width:5.54px"> </div>encompassed by<div style="display:inline-block;width:5.38px"> </div>the settlements and<div style="display:inline-block;width:5.92px"> </div>orders referred<div style="display:inline-block;width:5.29px"> </div>to above, </div><div id="a101306" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:199px;">our balance<div style="display:inline-block;width:5.18px"> </div>sheet at<div style="display:inline-block;width:5.25px"> </div>31 December<div style="display:inline-block;width:5.19px"> </div>2022<div style="display:inline-block;width:5.07px"> </div>reflected a provision<div style="display:inline-block;width:6.09px"> </div>in an<div style="display:inline-block;width:5.13px"> </div>amount that<div style="display:inline-block;width:5.5px"> </div>UBS believes<div style="display:inline-block;width:5.71px"> </div>to be<div style="display:inline-block;width:5.08px"> </div>appropriate under </div><div id="a101311" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:214.6px;">the applicable accounting standard.<div style="display:inline-block;width:5.28px"> </div>As in the case of other matters for which we have<div style="display:inline-block;width:5.28px"> </div>established provisions, the<div style="display:inline-block;width:5.07px"> </div>future </div><div id="a101312" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:229.7px;">outflow<div style="display:inline-block;width:6.45px"> </div>of<div style="display:inline-block;width:6.2px"> </div>resources<div style="display:inline-block;width:6.62px"> </div>in<div style="display:inline-block;width:6.25px"> </div>respect<div style="display:inline-block;width:6.6px"> </div>of<div style="display:inline-block;width:6.2px"> </div>such<div style="display:inline-block;width:6.87px"> </div>matters<div style="display:inline-block;width:6.53px"> </div>cannot<div style="display:inline-block;width:6.4px"> </div>be<div style="display:inline-block;width:6.35px"> </div>determined<div style="display:inline-block;width:6.66px"> </div>with<div style="display:inline-block;width:6.67px"> </div>certainty<div style="display:inline-block;width:6.33px"> </div>based<div style="display:inline-block;width:6.6px"> </div>on<div style="display:inline-block;width:6.55px"> </div>currently<div style="display:inline-block;width:6.77px"> </div>available </div><div id="a101314" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:245.3px;">information and accordingly may<div style="display:inline-block;width:5.16px"> </div>ultimately prove to be<div style="display:inline-block;width:5.28px"> </div>substantially greater (or may<div style="display:inline-block;width:5.18px"> </div>be less) than the provision<div style="display:inline-block;width:5.33px"> </div>that we </div><div id="a101315" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:260.5px;">have recognized. </div><div id="a101317" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:283.2px;">6. Swiss retrocessions </div><div id="a101319" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:298.3px;">The Federal Supreme Court<div style="display:inline-block;width:5.1px"> </div>of Switzerland ruled<div style="display:inline-block;width:5.08px"> </div>in 2012, in<div style="display:inline-block;width:5.1px"> </div>a test case against UBS, that distribution<div style="display:inline-block;width:5.31px"> </div>fees paid to a firm </div><div id="a101322" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:313.9px;">for distributing third-party and intra-group investment funds and structured products<div style="display:inline-block;width:5.12px"> </div>must be disclosed and surrendered </div><div id="a101327" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:329.1px;">to clients who have entered<div style="display:inline-block;width:5.73px"> </div>into a discretionary<div style="display:inline-block;width:5.38px"> </div>mandate agreement with<div style="display:inline-block;width:5.5px"> </div>the firm, absent<div style="display:inline-block;width:5.3px"> </div>a valid waiver.<div style="display:inline-block;width:5.69px"> </div>FINMA issued </div><div id="a101329" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:344.7px;">a supervisory note<div style="display:inline-block;width:5.55px"> </div>to all Swiss<div style="display:inline-block;width:5.35px"> </div>banks in response<div style="display:inline-block;width:5.81px"> </div>to the Supreme<div style="display:inline-block;width:5.37px"> </div>Court decision. UBS<div style="display:inline-block;width:5.42px"> </div>has met the<div style="display:inline-block;width:5.4px"> </div>FINMA requirements </div><div id="a101330" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:359.8px;">and has notified all potentially affected<div style="display:inline-block;width:5.35px"> </div>clients. </div><div id="a101332" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:382.5px;">The Supreme Court decision<div style="display:inline-block;width:5.13px"> </div>has resulted, and continues to result, in a number of<div style="display:inline-block;width:5.07px"> </div>client requests for UBS to disclose and </div><div id="a101334" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:397.7px;">potentially<div style="display:inline-block;width:6.41px"> </div>surrender<div style="display:inline-block;width:7.06px"> </div>retrocessions.<div style="display:inline-block;width:7.19px"> </div>Client<div style="display:inline-block;width:6.61px"> </div>requests<div style="display:inline-block;width:6.58px"> </div>are<div style="display:inline-block;width:6.71px"> </div>assessed<div style="display:inline-block;width:6.55px"> </div>on<div style="display:inline-block;width:6.55px"> </div>a<div style="display:inline-block;width:6.15px"> </div>case-by-case<div style="display:inline-block;width:6.77px"> </div>basis.<div style="display:inline-block;width:6.45px"> </div>Considerations<div style="display:inline-block;width:7.37px"> </div>taken<div style="display:inline-block;width:6.2px"> </div>into </div><div id="a101339" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:413.3px;">account when assessing<div style="display:inline-block;width:5.04px"> </div>these cases include, among other things, the<div style="display:inline-block;width:5.05px"> </div>existence of a discretionary mandate and whether </div><div id="a101342" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:428.4px;">or not the client documentation<div style="display:inline-block;width:5.11px"> </div>contained a valid waiver with respect<div style="display:inline-block;width:5.06px"> </div>to distribution fees. </div><div id="a101344" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:451.6px;">Our<div style="display:inline-block;width:5.15px"> </div>balance<div style="display:inline-block;width:5.3px"> </div>sheet<div style="display:inline-block;width:5.3px"> </div>at<div style="display:inline-block;width:5.52px"> </div>31 December<div style="display:inline-block;width:5.65px"> </div>2022<div style="display:inline-block;width:6.01px"> </div>reflected a<div style="display:inline-block;width:6.4px"> </div>provision<div style="display:inline-block;width:6.21px"> </div>with<div style="display:inline-block;width:5.25px"> </div>respect<div style="display:inline-block;width:5.18px"> </div>to<div style="display:inline-block;width:5.25px"> </div>matters<div style="display:inline-block;width:5.58px"> </div>described<div style="display:inline-block;width:5.87px"> </div>in<div style="display:inline-block;width:5.55px"> </div>this<div style="display:inline-block;width:5.2px"> </div>item<div style="display:inline-block;width:5.26px"> </div>6<div style="display:inline-block;width:5.4px"> </div>in<div style="display:inline-block;width:5.3px"> </div>an </div><div id="a101349" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:466.7px;">amount that UBS believes<div style="display:inline-block;width:2.12px"> </div>to be appropriate under the<div style="display:inline-block;width:1.66px"> </div>applicable accounting standard. The<div style="display:inline-block;width:2.12px"> </div>ultimate exposure will depend </div><div id="a101350" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:481.9px;">on client requests and the resolution thereof, factors<div style="display:inline-block;width:2.12px"> </div>that are difficult to predict<div style="display:inline-block;width:2.04px"> </div>and assess. Hence, as in the case of other </div><div id="a101353" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:497.5px;">matters for which<div style="display:inline-block;width:5.42px"> </div>we have established<div style="display:inline-block;width:5.86px"> </div>provisions, the<div style="display:inline-block;width:5.57px"> </div>future outflow of<div style="display:inline-block;width:5.47px"> </div>resources in respect<div style="display:inline-block;width:5.02px"> </div>of such<div style="display:inline-block;width:5.13px"> </div>matters cannot be </div><div id="a101354" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:512.6px;">determined<div style="display:inline-block;width:7.61px"> </div>with<div style="display:inline-block;width:8.09px"> </div>certainty<div style="display:inline-block;width:7.27px"> </div>based<div style="display:inline-block;width:8.02px"> </div>on<div style="display:inline-block;width:7.97px"> </div>currently<div style="display:inline-block;width:7.71px"> </div>available<div style="display:inline-block;width:7.73px"> </div>information<div style="display:inline-block;width:8.03px"> </div>and<div style="display:inline-block;width:7.97px"> </div>accordingly<div style="display:inline-block;width:8.12px"> </div>may<div style="display:inline-block;width:7.21px"> </div>ultimately<div style="display:inline-block;width:8.21px"> </div>prove<div style="display:inline-block;width:7.85px"> </div>to<div style="display:inline-block;width:7.62px"> </div>be </div><div id="a101355" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:527.8px;">substantially greater (or may be less) than<div style="display:inline-block;width:5.16px"> </div>the provision that we have recognized. </div><div id="a101358" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:550.9px;">7. Communications recordkeeping </div><div id="a101360" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:566.1px;">The SEC<div style="display:inline-block;width:5.19px"> </div>and CFTC<div style="display:inline-block;width:5.34px"> </div>conducted investigations<div style="display:inline-block;width:6.32px"> </div>of UBS<div style="display:inline-block;width:5.24px"> </div>and other<div style="display:inline-block;width:5.34px"> </div>financial institutions<div style="display:inline-block;width:6.6px"> </div>regarding<div style="display:inline-block;width:5.13px"> </div>compliance with<div style="display:inline-block;width:5.67px"> </div>records </div><div id="a101361" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:581.2px;">preservation<div style="display:inline-block;width:5.8px"> </div>requirements<div style="display:inline-block;width:5.62px"> </div>relating<div style="display:inline-block;width:5.8px"> </div>to<div style="display:inline-block;width:5.25px"> </div>business<div style="display:inline-block;width:6px"> </div>communications<div style="display:inline-block;width:5.66px"> </div>sent<div style="display:inline-block;width:5.3px"> </div>over<div style="display:inline-block;width:5.05px"> </div>unapproved<div style="display:inline-block;width:5.83px"> </div>electronic<div style="display:inline-block;width:5.4px"> </div>messaging<div style="display:inline-block;width:5.65px"> </div>channels. </div><div id="a101363" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:596.8px;">UBS<div style="display:inline-block;width:6.98px"> </div>cooperated<div style="display:inline-block;width:6.92px"> </div>with<div style="display:inline-block;width:6.67px"> </div>the<div style="display:inline-block;width:6.67px"> </div>investigations,<div style="display:inline-block;width:7.76px"> </div>and,<div style="display:inline-block;width:7.13px"> </div>in<div style="display:inline-block;width:6.72px"> </div>September<div style="display:inline-block;width:6.57px"> </div>2022,<div style="display:inline-block;width:7.53px"> </div>UBS<div style="display:inline-block;width:6.98px"> </div>agreed<div style="display:inline-block;width:7.11px"> </div>to<div style="display:inline-block;width:6.2px"> </div>pay<div style="display:inline-block;width:6.62px"> </div>civil<div style="display:inline-block;width:6.85px"> </div>monetary<div style="display:inline-block;width:6.84px"> </div>penalties<div style="display:inline-block;width:6.71px"> </div>of </div><div id="a101364" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:612px;">USD </div><div id="a101364_4_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:33.312px;top:612px;">125</div><div id="a101364_7_21" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:56.011px;top:612px;">m to the SEC and USD </div><div id="a101364_28_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:187.578px;top:612px;">75</div><div id="a101364_30_39" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:202.711px;top:612px;">m to the CFTC to resolve these matters.</div></div> <div id="TextBlockContainer442" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:60px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a100032" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a100035" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a100037" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a100039" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:12.3px;">Provisions other than provisions for expected credit<div style="display:inline-block;width:3.96px"> </div>losses </div><div id="a100043_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:12.3px;">3,042</div><div id="a100046_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:12.3px;">3,322</div><div id="a100049" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:25.6px;">Provisions for expected credit losses</div><div id="a100050" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:132.857px;top:26.2px;">1 </div><div id="a100053_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:25.6px;">201</div><div id="a100056_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:25.6px;">196</div><div id="a100059" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:37.9px;">Total provisions </div><div id="a100062_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:37.9px;">3,243</div><div id="a100065_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:37.9px;">3,518</div><div id="a100068" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:51.5px;">1 Refer to Note 9 for more information<div style="display:inline-block;width:3.95px"> </div>about ECL provisions recognized<div style="display:inline-block;width:3.92px"> </div>for off-balance sheet financial<div style="display:inline-block;width:4.13px"> </div>instruments and credit lines.</div></div> 3042000000 3322000000 201000000 196000000 3243000000 3518000000 <div id="TextBlockContainer453" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:147px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_451_XBRL_TS_11a3a1255d64455bba5a0e8594dd3f7c" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer452" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:147px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a100080" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:23.7px;">USD m </div><div id="a100082" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.67px;top:0px;">Litigation, </div><div id="a100083" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.644px;top:11.8px;">regulatory and </div><div id="a100084" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:415.337px;top:23.7px;">similar matters</div><div id="a100085" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:468.337px;top:24.3px;">1</div><div id="a100087" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:493.897px;top:23.7px;">Restructuring </div><div id="a100089" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.097px;top:23.7px;">Other</div><div id="a100090" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:607.937px;top:24.3px;">3</div><div id="a100092" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:638.67px;top:23.7px;">Total 2022 </div><div id="a100094" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:35.9px;">Balance at the beginning of the<div style="display:inline-block;width:3.77px"> </div>year </div><div id="a100096_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:449.884px;top:35.9px;">2,798</div><div id="a100099_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:527.484px;top:35.9px;">172</div><div id="a100102_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:35.9px;">352</div><div id="a100105_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.67px;top:35.9px;">3,322</div><div id="a100108" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.7px;">Increase in provisions recognized in the income statement </div><div id="a100110_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.977px;top:48.7px;">406</div><div id="a100113_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:527.484px;top:48.7px;">231</div><div id="a100116_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.844px;top:48.7px;">53</div><div id="a100119_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:663.764px;top:48.7px;">690</div><div id="a100122" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:62px;">Release of provisions recognized in the income statement </div><div id="a100124_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.977px;top:62px;display:flex;">(58)</div><div id="a100127_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:527.484px;top:62px;display:flex;">(25)</div><div id="a100130_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:62px;display:flex;">(36)</div><div id="a100133_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:659.044px;top:62px;display:flex;">(118)</div><div id="a100136" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:74.7px;">Provisions used in conformity with designated purpose </div><div id="a100138_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:452.257px;top:74.7px;display:flex;">(470)</div><div id="a100141_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:522.75px;top:74.7px;display:flex;">(243)</div><div id="a100144_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:74.7px;display:flex;">(32)</div><div id="a100147_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:659.044px;top:74.7px;display:flex;">(745)</div><div id="a100150" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:88px;">Capitalized reinstatement costs </div><div id="a100152_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:466.91px;top:88px;">0</div><div id="a100155_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:537.404px;top:88px;">0</div><div id="a100158_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.564px;top:88px;">1</div><div id="a100161_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:673.697px;top:88px;">1</div><div id="a100164" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:100.8px;">Foreign currency translation / unwind<div style="display:inline-block;width:4.01px"> </div>of discount </div><div id="a100166_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.977px;top:100.8px;display:flex;">(91)</div><div id="a100169_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.204px;top:100.8px;display:flex;">(5)</div><div id="a100172_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:100.8px;display:flex;">(12)</div><div id="a100175_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:659.044px;top:100.8px;display:flex;">(108)</div><div id="a100178" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:114px;">Balance at the end of the year<div style="display:inline-block;width:3.64px"> </div></div><div id="a100180_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:449.884px;top:114px;">2,586</div><div id="a100183_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:524.644px;top:114px;">130</div><div id="a100185" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:114.6px;">2 </div><div id="a100187_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:114px;">326</div><div id="a100190_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.67px;top:114px;">3,042</div><div id="a100193" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:127.6px;">1 Consists of provisions for losses resulting<div style="display:inline-block;width:3.74px"> </div>from legal, liability<div style="display:inline-block;width:3.46px"> </div>and compliance risks.<div style="display:inline-block;width:9.15px"> </div>2 Consists of personnel-related<div style="display:inline-block;width:3.91px"> </div>restructuring provisions<div style="display:inline-block;width:3.59px"> </div>of USD </div><div id="a100193_157_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:474.412px;top:127.6px;">102</div><div id="a100193_160_48" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:487.18px;top:127.6px;">m as of 31 December 2022 (31<div style="display:inline-block;width:3.43px"> </div>December 2021: USD </div><div id="a100193_208_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:656.952px;top:127.6px;">125</div><div id="a100193_211_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:669.72px;top:127.6px;">m) </div><div id="a100201" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:138px;">and provisions for onerous contracts<div style="display:inline-block;width:3.91px"> </div>of USD </div><div id="a100201_44_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:142.687px;top:138px;">28</div><div id="a100201_46_48" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:151.672px;top:138px;">m as of 31 December 2022<div style="display:inline-block;width:3.55px"> </div>(31 December 2021: USD </div><div id="a100201_94_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:322.11px;top:138px;">47</div><div id="a100201_96_100" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:330.623px;top:138px;">m).<div style="display:inline-block;width:8.36px"> </div>3 Mainly includes provisions<div style="display:inline-block;width:3.5px"> </div>related to real<div style="display:inline-block;width:3.48px"> </div>estate, employee benefits and<div style="display:inline-block;width:3.8px"> </div>operational risks.</div></div></div></div> 2798000000 172000000 352000000 3322000000 406000000 231000000 53000000 690000000 58000000 25000000 36000000 118000000 470000000 243000000 32000000 745000000 0 0 -1000000 -1000000 -91000000 -5000000 -12000000 -108000000 2586000000 130000000 326000000 3042000000 102000000 125000000 28000000 47000000 <div id="TextBlockContainer463" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:206px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a100420" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:2.8px;">Provisions for litigation, regulatory<div style="display:inline-block;width:4.83px"> </div>and similar matters by business division<div style="display:inline-block;width:4.17px"> </div>and in Group Functions</div><div id="a100421" style="position:absolute;font-family:'Frutiger';font-size:6.148px;font-weight:bold;font-style:normal;left:471.662px;top:3.5px;">1</div><div id="a100423" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:53.2px;">USD m </div><div id="a100425" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:353.848px;top:29.5px;">Global Wealth<div style="display:inline-block;width:2.91px"> </div></div><div id="a100427" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.768px;top:41.3px;">Manage- </div><div id="a100430" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.955px;top:53.2px;">ment </div><div id="a100432" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.395px;top:29.5px;">Personal &amp; </div><div id="a100433" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:425.768px;top:41.3px;">Corporate </div><div id="a100434" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:432.382px;top:53.2px;">Banking </div><div id="a100436" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:495.822px;top:29.5px;"><div style="display:inline-block;width:2.36px"> </div>Asset<div style="display:inline-block;width:2.72px"> </div></div><div id="a100439" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:484.915px;top:41.3px;">Manage- </div><div id="a100442" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:499.128px;top:53.2px;">ment </div><div id="a100444" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.755px;top:41.3px;">Investment<div style="display:inline-block;width:2.56px"> </div></div><div id="a100446" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.075px;top:53.2px;">Bank </div><div id="a100448" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:602.755px;top:41.3px;">Group </div><div id="a100449" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:590.902px;top:53.2px;">Functions </div><div id="a100451" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:638.702px;top:53.2px;">Total 2022 </div><div id="a100453" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:66.4px;">Balance at the beginning of the<div style="display:inline-block;width:3.77px"> </div>year </div><div id="a100456_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:383.648px;top:66.4px;">1,338</div><div id="a100459_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:447.555px;top:66.4px;">181</div><div id="a100462_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.848px;top:66.4px;">8</div><div id="a100465_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:556.848px;top:66.4px;">310</div><div id="a100468_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:610.795px;top:66.4px;">962</div><div id="a100471_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.702px;top:66.4px;">2,798</div><div id="a100474" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:82px;">Increase in provisions recognized in the income statement </div><div id="a100476_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:390.768px;top:82px;">268</div><div id="a100479_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:457.475px;top:82px;">2</div><div id="a100482_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.848px;top:82px;">1</div><div id="a100485_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:556.848px;top:82px;">129</div><div id="a100488_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:620.728px;top:82px;">6</div><div id="a100491_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:663.795px;top:82px;">406</div><div id="a100494" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:97.1px;">Release of provisions recognized in the income statement </div><div id="a100496_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:390.768px;top:97.1px;display:flex;">(23)</div><div id="a100499_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:447.555px;top:97.1px;display:flex;">(15)</div><div id="a100502_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.848px;top:97.1px;">0</div><div id="a100505_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:97.1px;display:flex;">(8)</div><div id="a100508_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:610.795px;top:97.1px;display:flex;">(12)</div><div id="a100511_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:664.262px;top:97.1px;display:flex;">(58)</div><div id="a100514" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:113.3px;">Provisions used in conformity with designated purpose </div><div id="a100517_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.008px;top:113.3px;display:flex;">(331)</div><div id="a100520_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:457.475px;top:113.3px;">0</div><div id="a100523_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.848px;top:113.3px;">0</div><div id="a100526_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:552.128px;top:113.3px;display:flex;">(115)</div><div id="a100529_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:610.795px;top:113.3px;display:flex;">(23)</div><div id="a100532_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:659.062px;top:113.3px;display:flex;">(470)</div><div id="a100535" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:129.3px;">Reclassifications </div><div id="a100537_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:400.702px;top:129.3px;">0</div><div id="a100540_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:457.475px;top:129.3px;">0</div><div id="a100543_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.848px;top:129.3px;">0</div><div id="a100546_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:129.3px;">4</div><div id="a100549_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.528px;top:129.3px;display:flex;">(4)</div><div id="a100552_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:673.728px;top:129.3px;">0</div><div id="a100555" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:145.9px;">Foreign currency translation / unwind<div style="display:inline-block;width:4.01px"> </div>of discount </div><div id="a100557_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:390.768px;top:145.9px;display:flex;">(70)</div><div id="a100560_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:452.275px;top:145.9px;display:flex;">(9)</div><div id="a100563_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.848px;top:145.9px;">0</div><div id="a100566_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:556.848px;top:145.9px;display:flex;">(11)</div><div id="a100569_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:620.728px;top:145.9px;">0</div><div id="a100572_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:664.262px;top:145.9px;display:flex;">(91)</div><div id="a100575" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:162px;">Balance at the end of the year </div><div id="a100577_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.648px;top:162px;">1,182</div><div id="a100580_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:447.555px;top:162px;">159</div><div id="a100583_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:512.848px;top:162px;">8</div><div id="a100586_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:556.848px;top:162px;">308</div><div id="a100589_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.795px;top:162px;">928</div><div id="a100592_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.702px;top:162px;">2,586</div><div id="a100595" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:177.4px;">1 Provisions, if<div style="display:inline-block;width:3.93px"> </div>any, for<div style="display:inline-block;width:3.39px"> </div>the matters<div style="display:inline-block;width:3.47px"> </div>described in items<div style="display:inline-block;width:3.93px"> </div>3 and 4<div style="display:inline-block;width:3.51px"> </div>of this Note<div style="display:inline-block;width:3.46px"> </div>are recorded in<div style="display:inline-block;width:3.63px"> </div>Global Wealth<div style="display:inline-block;width:4.09px"> </div>Management, and<div style="display:inline-block;width:3.65px"> </div>provisions,<div style="display:inline-block;width:3.54px"> </div>if any, for<div style="display:inline-block;width:4.02px"> </div>the matters<div style="display:inline-block;width:3.47px"> </div>described in item 2<div style="display:inline-block;width:3.74px"> </div>are recorded in<div style="display:inline-block;width:4.11px"> </div>Group Functions. </div><div id="a100600" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:187.9px;">Provisions, if any,<div style="display:inline-block;width:3.53px"> </div>for the matters described<div style="display:inline-block;width:4.2px"> </div>in items 1 and 6<div style="display:inline-block;width:3.66px"> </div>of this Note are allocated<div style="display:inline-block;width:3.63px"> </div>between Global Wealth<div style="display:inline-block;width:3.79px"> </div>Management and Personal<div style="display:inline-block;width:4.12px"> </div>&amp; Corporate Banking,<div style="display:inline-block;width:3.94px"> </div>provisions, if any,<div style="display:inline-block;width:3.79px"> </div>for the matters described<div style="display:inline-block;width:4.11px"> </div>in item 5 </div><div id="a100609" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:197.8px;">are allocated between the Investment<div style="display:inline-block;width:3.64px"> </div>Bank and Group Functions,<div style="display:inline-block;width:4.11px"> </div>and provisions, if<div style="display:inline-block;width:3.45px"> </div>any, for the<div style="display:inline-block;width:3.43px"> </div>matters described in item 7 are<div style="display:inline-block;width:3.83px"> </div>allocated between Global<div style="display:inline-block;width:3.79px"> </div>Wealth Management and<div style="display:inline-block;width:3.49px"> </div>the Investment Bank.</div></div> 1338000000 181000000 8000000 310000000 962000000 2798000000 268000000 2000000 1000000 129000000 6000000 406000000 23000000 15000000 0 8000000 12000000 58000000 331000000 0 0 115000000 23000000 470000000 0 0 0 4000000 -4000000 0 -70000000 -9000000 0 -11000000 0 -91000000 1182000000 159000000 8000000 308000000 928000000 2586000000 1100000000 3700000000 800000000 3750000 1000000000 800000000 99000000 1100000000 1200000000 2100000000 2000000000 125000000 3420000000 3370000000 15000000 3000000000 800000000 125000000 955000000 141000000 172000000 125000000 75000000 <div id="TextBlockContainer476" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:168px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a101404" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 18<div style="display:inline-block;width:8.2px"> </div>Other liabilities</div></div><div id="TextBlockContainer478" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:362px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a101411" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">a) Other financial liabilities<div style="display:inline-block;width:5.32px"> </div>measured at amortized cost</div></div><div id="TextBlockContainer482" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:107px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_480_XBRL_TS_081625b53cc04d2a8346db79d0970aba" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer481" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:107px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a101413" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a101415" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a101417" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a101419" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:15.6px;">Other accrued expenses </div><div id="a101421_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:15.6px;">1,760</div><div id="a101424_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:15.6px;">1,876</div><div id="a101427" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:32.2px;">Accrued interest expenses </div><div id="a101429_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:32.2px;">1,949</div><div id="a101432_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:32.2px;">1,094</div><div id="a101435" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.2px;">Settlement and clearing accounts </div><div id="a101437_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:48.2px;">1,075</div><div id="a101440_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:48.2px;">1,304</div><div id="a101443" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:64.8px;">Lease liabilities </div><div id="a101446_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:64.8px;">3,334</div><div id="a101449_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:64.8px;">3,558</div><div id="a101452" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:80.9px;">Other </div><div id="a101454_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:80.9px;">1,457</div><div id="a101457_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:80.9px;">1,167</div><div id="a101460" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:97px;">Total other financial liabilities<div style="display:inline-block;width:4.02px"> </div>measured at amortized cost </div><div id="a101462_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:97px;">9,575</div><div id="a101465_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:97px;">9,001</div></div></div></div><div id="TextBlockContainer484" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:337px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a101469" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">b) Other financial liabilities<div style="display:inline-block;width:5.07px"> </div>designated at fair value</div></div><div id="TextBlockContainer487" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:75px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a101471" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a101473" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a101475" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a101477" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:15.6px;">Financial liabilities related to unit-linked investment<div style="display:inline-block;width:3.9px"> </div>contracts </div><div id="a101482_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:15.6px;">13,221</div><div id="a101485_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:15.6px;">21,466</div><div id="a101488" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:32.1px;">Securities financing transactions </div><div id="a101490_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:32.1px;">15,333</div><div id="a101493_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:32.1px;">6,377</div><div id="a101496" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.2px;">Over-the-counter debt instruments and other </div><div id="a101502_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:48.2px;">1,684</div><div id="a101505_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:48.2px;">2,231</div><div id="a101508" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:64.8px;">Total other financial liabilities designated<div style="display:inline-block;width:4.21px"> </div>at fair value </div><div id="a101510_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:64.8px;">30,237</div><div id="a101513_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:64.8px;">30,074</div></div><div id="TextBlockContainer490" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:206px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a101517" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">c) Other non-financial liabilities</div></div><div id="TextBlockContainer493" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:236px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a101522" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a101524" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a101526" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a101528" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:15.6px;">Compensation related liabilities </div><div id="a101530_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:15.6px;">6,822</div><div id="a101533_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:15.6px;">7,257</div><div id="a101536" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:32.2px;"><div style="display:inline-block;width:4.73px"> </div>of which: Deferred Contingent Capital Plan </div><div id="a101539_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:588.51px;top:32.2px;">1,614</div><div id="a101542_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:32.2px;">1,628</div><div id="a101545" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:48.3px;"><div style="display:inline-block;width:4.73px"> </div>of which: financial advisor compensation plans </div><div id="a101548_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:588.51px;top:48.3px;">1,463</div><div id="a101551_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:48.3px;">1,512</div><div id="a101554" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:64.8px;"><div style="display:inline-block;width:4.73px"> </div>of which: other compensation plans </div><div id="a101557_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:588.51px;top:64.8px;">2,680</div><div id="a101560_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:64.8px;">2,846</div><div id="a101563" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:80.9px;"><div style="display:inline-block;width:4.73px"> </div>of which: net defined benefit liability </div><div id="a101566_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:595.604px;top:80.9px;">469</div><div id="a101569_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.764px;top:80.9px;">633</div><div id="a101572" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:97.5px;"><div style="display:inline-block;width:4.73px"> </div>of which: other compensation-related liabilities</div><div id="a101576" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:187.27px;top:98.1px;">1</div><div id="a101578_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:595.604px;top:97.5px;">596</div><div id="a101581_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.764px;top:97.5px;">638</div><div id="a101584" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.6px;">Current tax liabilities </div><div id="a101586_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:113.6px;">1,071</div><div id="a101589_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:113.6px;">1,398</div><div id="a101592" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:130.1px;">Deferred tax liabilities </div><div id="a101594_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:130.1px;">236</div><div id="a101597_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:130.1px;">300</div><div id="a101600" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:146.2px;">VAT,<div style="display:inline-block;width:4.59px"> </div>withholding tax and other tax payables </div><div id="a101603_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:146.2px;">592</div><div id="a101606_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:146.2px;">590</div><div id="a101609" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:162.7px;">Deferred income </div><div id="a101611_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:162.7px;">235</div><div id="a101614_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:162.7px;">240</div><div id="a101617" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:178.8px;">Liabilities of disposal group held for sale</div><div id="a101618" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:148.937px;top:179.5px;">2</div><div id="a101621_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:178.8px;">1,298</div><div id="a101624" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:195.4px;">Other </div><div id="a101626_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:600.844px;top:195.4px;">84</div><div id="a101629_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:195.4px;">68</div><div id="a101632" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:212px;">Total other non-financial<div style="display:inline-block;width:3.83px"> </div>liabilities </div><div id="a101636_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:212px;">9,040</div><div id="a101639_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:212px;">11,151</div><div id="a101642" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:227px;">1 Includes liabilities for payroll<div style="display:inline-block;width:3.63px"> </div>taxes and untaken<div style="display:inline-block;width:3.49px"> </div>vacation.<div style="display:inline-block;width:8.98px"> </div>2 Refer to Note 29 for<div style="display:inline-block;width:3.54px"> </div>more information.</div></div> <div id="TextBlockContainer481" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:107px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a101413" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a101415" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a101417" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a101419" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:15.6px;">Other accrued expenses </div><div id="a101421_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:15.6px;">1,760</div><div id="a101424_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:15.6px;">1,876</div><div id="a101427" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:32.2px;">Accrued interest expenses </div><div id="a101429_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:32.2px;">1,949</div><div id="a101432_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:32.2px;">1,094</div><div id="a101435" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.2px;">Settlement and clearing accounts </div><div id="a101437_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:48.2px;">1,075</div><div id="a101440_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:48.2px;">1,304</div><div id="a101443" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:64.8px;">Lease liabilities </div><div id="a101446_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:64.8px;">3,334</div><div id="a101449_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:64.8px;">3,558</div><div id="a101452" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:80.9px;">Other </div><div id="a101454_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:80.9px;">1,457</div><div id="a101457_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:80.9px;">1,167</div><div id="a101460" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:97px;">Total other financial liabilities<div style="display:inline-block;width:4.02px"> </div>measured at amortized cost </div><div id="a101462_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:97px;">9,575</div><div id="a101465_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:97px;">9,001</div></div> 1760000000 1876000000 1949000000 1094000000 1075000000 1304000000 3334000000 3558000000 1457000000 1167000000 9575000000 9001000000 <div id="TextBlockContainer488" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:75px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_486_XBRL_TS_13ae13843c2d449db770f4dc17937809" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer487" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:75px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a101471" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a101473" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a101475" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a101477" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:15.6px;">Financial liabilities related to unit-linked investment<div style="display:inline-block;width:3.9px"> </div>contracts </div><div id="a101482_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:15.6px;">13,221</div><div id="a101485_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:15.6px;">21,466</div><div id="a101488" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:32.1px;">Securities financing transactions </div><div id="a101490_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:32.1px;">15,333</div><div id="a101493_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:32.1px;">6,377</div><div id="a101496" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.2px;">Over-the-counter debt instruments and other </div><div id="a101502_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:48.2px;">1,684</div><div id="a101505_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:48.2px;">2,231</div><div id="a101508" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:64.8px;">Total other financial liabilities designated<div style="display:inline-block;width:4.21px"> </div>at fair value </div><div id="a101510_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:64.8px;">30,237</div><div id="a101513_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:64.8px;">30,074</div></div></div></div> 13221000000 21466000000 15333000000 6377000000 1684000000 2231000000 30237000000 30074000000 <div id="TextBlockContainer494" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:236px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_492_XBRL_TS_7664d92af67e44449db3f11410254491" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer493" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:236px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a101522" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a101524" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a101526" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a101528" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:15.6px;">Compensation related liabilities </div><div id="a101530_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:15.6px;">6,822</div><div id="a101533_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:15.6px;">7,257</div><div id="a101536" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:32.2px;"><div style="display:inline-block;width:4.73px"> </div>of which: Deferred Contingent Capital Plan </div><div id="a101539_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:588.51px;top:32.2px;">1,614</div><div id="a101542_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:32.2px;">1,628</div><div id="a101545" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:48.3px;"><div style="display:inline-block;width:4.73px"> </div>of which: financial advisor compensation plans </div><div id="a101548_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:588.51px;top:48.3px;">1,463</div><div id="a101551_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:48.3px;">1,512</div><div id="a101554" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:64.8px;"><div style="display:inline-block;width:4.73px"> </div>of which: other compensation plans </div><div id="a101557_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:588.51px;top:64.8px;">2,680</div><div id="a101560_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:64.8px;">2,846</div><div id="a101563" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:80.9px;"><div style="display:inline-block;width:4.73px"> </div>of which: net defined benefit liability </div><div id="a101566_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:595.604px;top:80.9px;">469</div><div id="a101569_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.764px;top:80.9px;">633</div><div id="a101572" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:97.5px;"><div style="display:inline-block;width:4.73px"> </div>of which: other compensation-related liabilities</div><div id="a101576" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:187.27px;top:98.1px;">1</div><div id="a101578_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:595.604px;top:97.5px;">596</div><div id="a101581_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.764px;top:97.5px;">638</div><div id="a101584" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.6px;">Current tax liabilities </div><div id="a101586_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:113.6px;">1,071</div><div id="a101589_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:113.6px;">1,398</div><div id="a101592" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:130.1px;">Deferred tax liabilities </div><div id="a101594_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:130.1px;">236</div><div id="a101597_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:130.1px;">300</div><div id="a101600" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:146.2px;">VAT,<div style="display:inline-block;width:4.59px"> </div>withholding tax and other tax payables </div><div id="a101603_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:146.2px;">592</div><div id="a101606_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:146.2px;">590</div><div id="a101609" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:162.7px;">Deferred income </div><div id="a101611_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:162.7px;">235</div><div id="a101614_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:162.7px;">240</div><div id="a101617" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:178.8px;">Liabilities of disposal group held for sale</div><div id="a101618" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:148.937px;top:179.5px;">2</div><div id="a101621_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:178.8px;">1,298</div><div id="a101624" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:195.4px;">Other </div><div id="a101626_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:600.844px;top:195.4px;">84</div><div id="a101629_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:195.4px;">68</div><div id="a101632" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:212px;">Total other non-financial<div style="display:inline-block;width:3.83px"> </div>liabilities </div><div id="a101636_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:212px;">9,040</div><div id="a101639_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:212px;">11,151</div><div id="a101642" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:227px;">1 Includes liabilities for payroll<div style="display:inline-block;width:3.63px"> </div>taxes and untaken<div style="display:inline-block;width:3.49px"> </div>vacation.<div style="display:inline-block;width:8.98px"> </div>2 Refer to Note 29 for<div style="display:inline-block;width:3.54px"> </div>more information.</div></div></div></div> 6822000000 7257000000 1614000000 1628000000 1463000000 1512000000 2680000000 2846000000 469000000 633000000 596000000 638000000 1071000000 1398000000 236000000 300000000 592000000 590000000 235000000 240000000 1298000000 84000000 68000000 9040000000 11151000000 <div id="TextBlockContainer496" style="position:relative;font-family:'Frutiger';font-size:21.281px;color:#973D37;line-height:normal;width:704px;height:382px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a101681" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:7.883px;top:0px;">Additional information </div><div id="a101683" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:bold;font-style:normal;color:#000000;left:7.883px;top:61.9px;">Note 19<div style="display:inline-block;width:8.21px"> </div>Expected credit loss measurement</div><div id="a101686" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:bold;font-style:normal;color:#006600;left:277.13px;top:61.9px;"> </div><div id="a101687" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:78.8px;"> </div><div id="a101688" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:bold;font-style:normal;color:#9A3D37;left:7.883px;top:98.8px;">a) Expected credit losses in the period </div><div id="a101690" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:126.1px;">Total<div style="display:inline-block;width:5.2px"> </div>net credit loss expenses<div style="display:inline-block;width:5.51px"> </div>were USD </div><div id="a101690_40_2" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:237.837px;top:126.1px;">29</div><div id="a101690_42_54" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:253.01px;top:126.1px;">m in 2022, reflecting<div style="display:inline-block;width:5.19px"> </div>net credit loss expenses<div style="display:inline-block;width:6.04px"> </div>of USD </div><div id="a101690_96_2" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:558.69px;top:126.1px;">29</div><div id="a101690_98_21" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:573.824px;top:126.1px;">m related to stage 1 </div><div id="a101711" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:141.7px;">and 2 positions and USD </div><div id="a101711_24_1" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:152.21px;top:141.7px;">0</div><div id="a101711_25_75" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:159.777px;top:141.7px;">m net credit loss expenses related to credit-impaired<div style="display:inline-block;width:6.19px"> </div>(stage 3) positions. </div><div id="a101723" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:164.4px;">Stage 1<div style="display:inline-block;width:6.06px"> </div>and<div style="display:inline-block;width:5.61px"> </div>2<div style="display:inline-block;width:5.44px"> </div>expected<div style="display:inline-block;width:5.52px"> </div>credit<div style="display:inline-block;width:5.5px"> </div>loss<div style="display:inline-block;width:5.87px"> </div>(ECL)<div style="display:inline-block;width:5.92px"> </div>expenses<div style="display:inline-block;width:5.5px"> </div>of<div style="display:inline-block;width:5.72px"> </div>USD </div><div id="a101723_57_2" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:352.383px;top:164.4px;">29</div><div id="a101723_59_14" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:367.516px;top:164.4px;">m<div style="display:inline-block;width:5.52px"> </div>include<div style="display:inline-block;width:5.43px"> </div>USD </div><div id="a101723_73_3" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:458.37px;top:164.4px;">123</div><div id="a101723_76_35" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:480.597px;top:164.4px;">m<div style="display:inline-block;width:5.52px"> </div>expenses<div style="display:inline-block;width:6.01px"> </div>related<div style="display:inline-block;width:5.71px"> </div>to<div style="display:inline-block;width:5.25px"> </div>scenario<div style="display:inline-block;width:5.67px"> </div>and </div><div id="a101737" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:179.5px;">parameter updates<div style="display:inline-block;width:5.46px"> </div>and USD </div><div id="a101737_26_2" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:173.97px;top:179.5px;">13</div><div id="a101737_28_71" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:188.63px;top:179.5px;">m related to<div style="display:inline-block;width:5.34px"> </div>other book quality and<div style="display:inline-block;width:5.99px"> </div>size changes, partly offset<div style="display:inline-block;width:5.43px"> </div>by USD </div><div id="a101737_99_2" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:594.637px;top:179.5px;">77</div><div id="a101737_101_13" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:609.77px;top:179.5px;">m post-model </div><div id="a101746" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:195.1px;">adjustment (PMA) releases and<div style="display:inline-block;width:5.21px"> </div>USD </div><div id="a101746_34_2" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:215.143px;top:195.1px;">30</div><div id="a101746_36_81" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:230.276px;top:195.1px;">m releases related to model changes. Lending to corporate clients not secured<div style="display:inline-block;width:5.24px"> </div>by </div><div id="a101759" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:210.3px;">mortgages contributed USD </div><div id="a101759_26_2" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:170.183px;top:210.3px;">21</div><div id="a101759_28_88" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:185.316px;top:210.3px;">m, mainly driven by scenario effects related to the<div style="display:inline-block;width:5.03px"> </div>downward revision of GDP and<div style="display:inline-block;width:5.09px"> </div>higher </div><div id="a101768" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:225.4px;">interest rate<div style="display:inline-block;width:5.87px"> </div>assumptions<div style="display:inline-block;width:5.84px"> </div>in the<div style="display:inline-block;width:5.95px"> </div>newly<div style="display:inline-block;width:5.2px"> </div>introduced </div><div id="a101773" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:italic;color:#000000;left:299.85px;top:225.2px;">stagflationary<div style="display:inline-block;width:5.54px"> </div>geopolitical<div style="display:inline-block;width:5.24px"> </div>crisis<div style="display:inline-block;width:5.21px"> </div>scenario</div><div id="a101774" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:530.29px;top:225.4px;"><div style="display:inline-block;width:4.73px"> </div>(SGC).<div style="display:inline-block;width:5.59px"> </div>Lending<div style="display:inline-block;width:5.23px"> </div>secured<div style="display:inline-block;width:5.07px"> </div>by </div><div id="a101778" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:241px;">mortgages</div><div id="a101779" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:68.447px;top:241px;"> </div><div id="a101780" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:76.486px;top:241px;">contributed<div style="display:inline-block;width:8.76px"> </div>USD</div><div id="a101781" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:175.383px;top:241px;"> </div><div id="a101782" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:179.17px;top:241px;">16</div><div id="a101782_2_13" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:194.303px;top:241px;">m<div style="display:inline-block;width:7.89px"> </div>in<div style="display:inline-block;width:8.14px"> </div>expenses</div><div id="a101783" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:282.797px;top:241px;">,<div style="display:inline-block;width:8.14px"> </div>mainly<div style="display:inline-block;width:8.15px"> </div>driven<div style="display:inline-block;width:8.46px"> </div>by<div style="display:inline-block;width:8.04px"> </div>scenario<div style="display:inline-block;width:8.51px"> </div>effects<div style="display:inline-block;width:8.61px"> </div>related<div style="display:inline-block;width:8.07px"> </div>to<div style="display:inline-block;width:8.09px"> </div>higher<div style="display:inline-block;width:8.39px"> </div>interest<div style="display:inline-block;width:8.44px"> </div>rate </div><div id="a101784" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:256.2px;">assumptions,<div style="display:inline-block;width:4.46px"> </div>especially from the SGC, and adverse house price assumptions<div style="display:inline-block;width:5.33px"> </div>from both applied downside scenarios.<div style="display:inline-block;width:5.24px"> </div>This </div><div id="a101798" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:271.8px;">was partly offset by releases from other lending<div style="display:inline-block;width:5.68px"> </div>of USD </div><div id="a101798_56_1" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:325.397px;top:271.8px;">9</div><div id="a101798_57_3" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:332.963px;top:271.8px;">m. </div><div id="a101807" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:23.017px;top:283.5px;">›</div><div id="a101808" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:28.218px;top:283.7px;"> </div><div id="a101809" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:34.398px;top:288.3px;">Refer to Note 19b<div style="display:inline-block;width:1.57px"> </div>for more information<div style="display:inline-block;width:1.19px"> </div>regarding changes<div style="display:inline-block;width:1.52px"> </div>to ECL models,<div style="display:inline-block;width:1.33px"> </div>scenarios, scenario<div style="display:inline-block;width:1.48px"> </div>weights and the<div style="display:inline-block;width:1.25px"> </div>post-model </div><div id="a101820" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:34.398px;top:303px;">adjustment and to<div style="display:inline-block;width:1.25px"> </div>Note 19c<div style="display:inline-block;width:2.63px"> </div>for more information<div style="display:inline-block;width:1.12px"> </div>regarding the development<div style="display:inline-block;width:0.61px"> </div>of ECL allowances<div style="display:inline-block;width:0.83px"> </div>and provisions </div><div id="a101827" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:323.8px;">Stage 3 net expenses of USD </div><div id="a101827_28_1" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:173.49px;top:323.8px;">0</div><div id="a101827_29_83" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:181.057px;top:323.8px;">m were recognized across<div style="display:inline-block;width:2.34px"> </div>a number of<div style="display:inline-block;width:1.98px"> </div>defaulted positions, with net expenses of<div style="display:inline-block;width:2.11px"> </div>USD </div><div id="a101827_112_2" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:663.263px;top:323.8px;">12</div><div id="a101827_114_2" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:677.923px;top:323.8px;">m </div><div id="a101837" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:339px;">in Personal<div style="display:inline-block;width:6.07px"> </div>and Corporate<div style="display:inline-block;width:5.54px"> </div>Banking<div style="display:inline-block;width:5.43px"> </div>and USD </div><div id="a101837_42_1" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:268.143px;top:339px;">5</div><div id="a101837_43_57" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:275.71px;top:339px;">m in<div style="display:inline-block;width:5.25px"> </div>Global Wealth<div style="display:inline-block;width:5.85px"> </div>Management,<div style="display:inline-block;width:5.31px"> </div>offset by<div style="display:inline-block;width:5.34px"> </div>releases of<div style="display:inline-block;width:5.97px"> </div>USD </div><div id="a101837_100_2" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:625.41px;top:339px;">18</div><div id="a101837_102_9" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:640.543px;top:339px;">m in<div style="display:inline-block;width:5.25px"> </div>the </div><div id="a101847" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:354.1px;">Investment Bank, including a USD </div><div id="a101847_33_2" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:203.317px;top:354.1px;">28</div><div id="a101847_35_85" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:217.977px;top:354.1px;">m release for a single airline-related counterparty, mainly due to improved cashflow </div><div id="a101859" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:369.7px;">assumptions, and USD </div><div id="a101859_21_2" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:139.45px;top:369.7px;">10</div><div id="a101859_23_54" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:154.583px;top:369.7px;">m net expenses across a number of defaulted positions.</div></div><div id="TextBlockContainer499" style="position:relative;font-family:'Frutiger';font-size:11.823px;color:#000000;line-height:normal;width:689px;height:244px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a101868" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.38px;top:0px;">Credit loss expense<div style="display:inline-block;width:4.7px"> </div>/ (release) </div><div id="a101876" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:4.38px;top:38.4px;">USD m </div><div id="a101878" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:305.816px;top:15.2px;">Global<div style="display:inline-block;width:2.45px"> </div></div><div id="a101880" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:303.442px;top:27px;">Wealth<div style="display:inline-block;width:2.81px"> </div></div><div id="a101882" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:280.709px;top:38.4px;">Management </div><div id="a101884" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:360.229px;top:15.2px;">Personal &amp;<div style="display:inline-block;width:3.22px"> </div></div><div id="a101886" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:362.589px;top:27px;">Corporate<div style="display:inline-block;width:2.93px"> </div></div><div id="a101888" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:369.216px;top:38.4px;">Banking </div><div id="a101890" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:450.136px;top:27px;">Asset </div><div id="a101892" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:421.736px;top:38.4px;">Management </div><div id="a101894" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:500.776px;top:27px;">Investment<div style="display:inline-block;width:2.53px"> </div></div><div id="a101896" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:522.056px;top:38.4px;">Bank </div><div id="a101898" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:587.816px;top:27px;">Group<div style="display:inline-block;width:2.66px"> </div></div><div id="a101900" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:576.002px;top:38.4px;">Functions </div><div id="a101902" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:662.602px;top:38.4px;">Total </div><div id="a101904" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:4.38px;top:51.6px;">For the year ended<div style="display:inline-block;width:3.9px"> </div>31.12.22 </div><div id="a101912" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:66.3px;">Stages 1 and 2 </div><div id="a101914" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:319.056px;top:66.3px;display:flex;">(5)</div><div id="a101916" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:386.242px;top:66.3px;">27</div><div id="a101918" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:462.442px;top:66.3px;">0</div><div id="a101920" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:532.456px;top:66.3px;">6</div><div id="a101922" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:602.509px;top:66.3px;">1</div><div id="a101924" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:667.802px;top:66.3px;">29</div><div id="a101926" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:80.9px;">Stage 3 </div><div id="a101928" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:320.949px;top:80.9px;">5</div><div id="a101930" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:386.242px;top:80.9px;">12</div><div id="a101932" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:462.442px;top:80.9px;">0</div><div id="a101934" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:525.842px;top:80.9px;display:flex;">(18)</div><div id="a101936" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:602.509px;top:80.9px;">2</div><div id="a101938" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:672.536px;top:80.9px;">0</div><div id="a101940" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:94.6px;">Total credit loss expense /<div style="display:inline-block;width:3.87px"> </div>(release) </div><div id="a101942" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:320.949px;top:94.6px;">0</div><div id="a101944" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:386.242px;top:94.6px;">39</div><div id="a101946" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:462.442px;top:94.6px;">0</div><div id="a101948" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:525.842px;top:94.6px;display:flex;">(12)</div><div id="a101950" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:602.509px;top:94.6px;">3</div><div id="a101952" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:667.802px;top:94.6px;">29</div><div id="a101961" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:121.6px;">For the year ended<div style="display:inline-block;width:3.96px"> </div>31.12.21 </div><div id="a101970" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:136.3px;">Stages 1 and 2 </div><div id="a101972" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:314.322px;top:136.3px;display:flex;">(28)</div><div id="a101974" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:384.349px;top:136.3px;display:flex;">(62)</div><div id="a101976" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:463.389px;top:136.3px;">0</div><div id="a101978" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:525.842px;top:136.3px;display:flex;">(34)</div><div id="a101980" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:603.936px;top:136.3px;">0</div><div id="a101982" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:661.189px;top:136.3px;display:flex;">(123)</div><div id="a101984" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:150.5px;">Stage 3 </div><div id="a101986" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:319.056px;top:150.5px;display:flex;">(1)</div><div id="a101988" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:384.349px;top:150.5px;display:flex;">(24)</div><div id="a101990" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:463.389px;top:150.5px;">1</div><div id="a101992" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:533.882px;top:150.5px;">0</div><div id="a101994" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:603.936px;top:150.5px;">0</div><div id="a101996" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:665.909px;top:150.5px;display:flex;">(25)</div><div id="a101998" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:164.7px;">Total credit loss expense /<div style="display:inline-block;width:3.87px"> </div>(release) </div><div id="a102000" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:314.322px;top:164.7px;display:flex;">(29)</div><div id="a102002" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:384.349px;top:164.7px;display:flex;">(86)</div><div id="a102004" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:462.442px;top:164.7px;">1</div><div id="a102006" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:525.842px;top:164.7px;display:flex;">(34)</div><div id="a102008" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:602.509px;top:164.7px;">0</div><div id="a102010" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:661.189px;top:164.7px;display:flex;">(148)</div><div id="a102019" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:191.2px;">For the year ended<div style="display:inline-block;width:3.9px"> </div>31.12.20 </div><div id="a102027" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:205.8px;">Stages 1 and 2 </div><div id="a102029" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:317.629px;top:205.8px;">48</div><div id="a102031" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:382.922px;top:205.8px;">129</div><div id="a102033" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:463.389px;top:205.8px;">0</div><div id="a102035" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:529.149px;top:205.8px;">88</div><div id="a102037" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:603.936px;top:205.8px;">0</div><div id="a102039" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:664.496px;top:205.8px;">266</div><div id="a102041" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:220.5px;">Stage 3 </div><div id="a102043" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:317.629px;top:220.5px;">40</div><div id="a102045" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:382.922px;top:220.5px;">128</div><div id="a102047" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:463.389px;top:220.5px;">2</div><div id="a102049" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:524.416px;top:220.5px;">217</div><div id="a102051" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:599.176px;top:220.5px;">42</div><div id="a102053" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:664.496px;top:220.5px;">429</div><div id="a102055" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:234.2px;">Total credit loss expense /<div style="display:inline-block;width:3.87px"> </div>(release) </div><div id="a102057" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:316.216px;top:234.2px;">88</div><div id="a102059" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:381.509px;top:234.2px;">257</div><div id="a102061" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:462.442px;top:234.2px;">2</div><div id="a102063" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:523.002px;top:234.2px;">305</div><div id="a102065" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:597.749px;top:234.2px;">42</div><div id="a102067" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:663.069px;top:234.2px;">694</div></div><div id="TextBlockContainer502" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:966px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a102108" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">b) Changes to ECL models,<div style="display:inline-block;width:1.95px"> </div>scenarios, scenario<div style="display:inline-block;width:1.54px"> </div>weights and key inputs<div style="display:inline-block;width:1.66px"> </div></div><div id="a102110" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.8px;">Refer<div style="display:inline-block;width:5.57px"> </div>to<div style="display:inline-block;width:5.25px"> </div>Note 1a for<div style="display:inline-block;width:6.72px"> </div>information about<div style="display:inline-block;width:5.75px"> </div>the<div style="display:inline-block;width:5.25px"> </div>principles governing<div style="display:inline-block;width:5.13px"> </div>expected<div style="display:inline-block;width:5.05px"> </div>credit<div style="display:inline-block;width:5.5px"> </div>loss (ECL)<div style="display:inline-block;width:6.61px"> </div>models, scenarios,<div style="display:inline-block;width:5.75px"> </div>scenario </div><div id="a102113" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.9px;">weights and key inputs<div style="display:inline-block;width:2.16px"> </div>applied.<div style="display:inline-block;width:2.52px"> </div></div><div id="a102115" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:66.1px;">Governance </div><div id="a102117" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:81.2px;">Comprehensive cross-functional<div style="display:inline-block;width:0.96px"> </div>and cross-divisional<div style="display:inline-block;width:1.12px"> </div>governance processes<div style="display:inline-block;width:1.5px"> </div>are in<div style="display:inline-block;width:2.18px"> </div>place and<div style="display:inline-block;width:2.3px"> </div>are used to<div style="display:inline-block;width:1.74px"> </div>discuss and<div style="display:inline-block;width:2.17px"> </div>approve </div><div id="a102123" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:96.3px;">scenario updates and<div style="display:inline-block;width:5.84px"> </div>weights, to<div style="display:inline-block;width:5.29px"> </div>assess whether significant increases<div style="display:inline-block;width:5.35px"> </div>in credit<div style="display:inline-block;width:5.23px"> </div>risk resulted in<div style="display:inline-block;width:6.05px"> </div>stage transfers, to<div style="display:inline-block;width:5.35px"> </div>review </div><div id="a102124" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:111.5px;">model outputs and to reach<div style="display:inline-block;width:2.13px"> </div>conclusions regarding<div style="display:inline-block;width:1.6px"> </div>post-model adjustments.<div style="display:inline-block;width:1.72px"> </div></div><div id="a102129" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:134.7px;">Model changes </div><div id="a102131" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:149.8px;">During 2022, the model review and enhancement process led to adjustments<div style="display:inline-block;width:2.02px"> </div>of the probability of default (PD), loss given </div><div id="a102132" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:164.9px;">default (LGD), and<div style="display:inline-block;width:2.18px"> </div>credit conversion factor<div style="display:inline-block;width:1.19px"> </div>(CCF) models, resulting<div style="display:inline-block;width:2.15px"> </div>in a USD </div><div id="a102132_77_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:428.405px;top:164.9px;">30</div><div id="a102132_79_44" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:443.065px;top:164.9px;">m decrease in<div style="display:inline-block;width:2.21px"> </div>ECL allowances.<div style="display:inline-block;width:2.2px"> </div>This includes </div><div id="a102137" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:180.6px;">a<div style="display:inline-block;width:5.2px"> </div>decrease of<div style="display:inline-block;width:5.96px"> </div>USD </div><div id="a102137_18_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:114.685px;top:180.6px;">19</div><div id="a102137_20_95" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:129.818px;top:180.6px;">m<div style="display:inline-block;width:5.05px"> </div>in Global<div style="display:inline-block;width:5.97px"> </div>Wealth Management<div style="display:inline-block;width:5.16px"> </div>affecting loans<div style="display:inline-block;width:5.53px"> </div>to<div style="display:inline-block;width:5.25px"> </div>financial advisors and<div style="display:inline-block;width:5.59px"> </div>specialized US<div style="display:inline-block;width:5.67px"> </div>lending </div><div id="a102142" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:195.7px;">portfolios and<div style="display:inline-block;width:5.46px"> </div>an USD </div><div id="a102142_22_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:135.525px;top:195.7px;">11</div><div id="a102142_24_65" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:150.178px;top:195.7px;">m decrease<div style="display:inline-block;width:5.76px"> </div>in Personal<div style="display:inline-block;width:5.16px"> </div>&amp; Corporate<div style="display:inline-block;width:5.29px"> </div>Banking<div style="display:inline-block;width:5.09px"> </div>related to<div style="display:inline-block;width:5.41px"> </div>lending to </div><div id="a102155" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:534.405px;top:195.5px;">large corporate clients</div><div id="a102157" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:659.818px;top:195.7px;"><div style="display:inline-block;width:5.2px"> </div>and </div><div id="a102159" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:210.6px;">financial intermediaries<div style="display:inline-block;width:1.73px"> </div>&amp; hedge funds</div><div id="a102160" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:218.792px;top:210.9px;">.<div style="display:inline-block;width:3.41px"> </div></div><div id="a102162" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:234px;">Scenario and key input<div style="display:inline-block;width:1.75px"> </div>updates </div><div id="a102164" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:249.2px;">During 2022, the scenarios<div style="display:inline-block;width:5.13px"> </div>and related macroeconomic factors were updated<div style="display:inline-block;width:5.05px"> </div>from those applied<div style="display:inline-block;width:5.14px"> </div>at the end of<div style="display:inline-block;width:5.39px"> </div>2021 by </div><div id="a102165" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:264.3px;">considering the<div style="display:inline-block;width:1.63px"> </div>prevailing economic<div style="display:inline-block;width:1.17px"> </div>and<div style="display:inline-block;width:2.3px"> </div>political conditions<div style="display:inline-block;width:1.31px"> </div>and<div style="display:inline-block;width:2.3px"> </div>uncertainty. The review<div style="display:inline-block;width:1.73px"> </div>focused<div style="display:inline-block;width:2.19px"> </div>on events<div style="display:inline-block;width:2.3px"> </div>that<div style="display:inline-block;width:2.26px"> </div>significantly </div><div id="a102169" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:279.9px;">changed the<div style="display:inline-block;width:2.18px"> </div>economic<div style="display:inline-block;width:2.31px"> </div>outlook during<div style="display:inline-block;width:1.68px"> </div>the year:<div style="display:inline-block;width:1.96px"> </div>the Russia–Ukraine<div style="display:inline-block;width:1.18px"> </div>war, with the subsequent<div style="display:inline-block;width:1.26px"> </div>effect on<div style="display:inline-block;width:1.98px"> </div>energy markets,<div style="display:inline-block;width:1.42px"> </div>the </div><div id="a102180" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:295.1px;">inflation outlook and economic growth in Europe, and rising global interest rates due to central banks’ adoption of more </div><div id="a102181" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:310.2px;">restrictive monetary<div style="display:inline-block;width:2.22px"> </div>policies. </div><div id="a102183" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:333.1px;">Baseline scenario</div><div id="a102184" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:99.072px;top:333.4px;">: the<div style="display:inline-block;width:2.15px"> </div>projections<div style="display:inline-block;width:2.27px"> </div>of the<div style="display:inline-block;width:2.09px"> </div>baseline scenario,<div style="display:inline-block;width:0.92px"> </div>which are<div style="display:inline-block;width:2.28px"> </div>aligned to<div style="display:inline-block;width:1.97px"> </div>the economic<div style="display:inline-block;width:1.52px"> </div>and market<div style="display:inline-block;width:2.24px"> </div>assumptions<div style="display:inline-block;width:1.96px"> </div>used </div><div id="a102186" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:348.5px;">for UBS’s<div style="display:inline-block;width:1.45px"> </div>business<div style="display:inline-block;width:2.07px"> </div>planning<div style="display:inline-block;width:2.22px"> </div>purposes,<div style="display:inline-block;width:2.28px"> </div>are broadly<div style="display:inline-block;width:1.05px"> </div>in line<div style="display:inline-block;width:1.14px"> </div>with external<div style="display:inline-block;width:0.92px"> </div>data, such<div style="display:inline-block;width:1.45px"> </div>as that<div style="display:inline-block;width:1.29px"> </div>from Bloomberg<div style="display:inline-block;width:1.16px"> </div>Consensus,<div style="display:inline-block;width:2.16px"> </div>Oxford </div><div id="a102189" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:363.7px;">Economics and the International<div style="display:inline-block;width:1.97px"> </div>Monetary Fund<div style="display:inline-block;width:2.34px"> </div>World Economic Outlook.<div style="display:inline-block;width:2.1px"> </div>The expectation for 2023 is<div style="display:inline-block;width:2px"> </div>that global growth </div><div id="a102191" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:379.3px;">stalls under<div style="display:inline-block;width:1.24px"> </div>the weight<div style="display:inline-block;width:0.88px"> </div>of monetary<div style="display:inline-block;width:1.31px"> </div>policy<div style="display:inline-block;width:2.16px"> </div>tightening,<div style="display:inline-block;width:2.02px"> </div>and continued<div style="display:inline-block;width:0.59px"> </div>pressure<div style="display:inline-block;width:2.09px"> </div>on real<div style="display:inline-block;width:1.44px"> </div>purchasing<div style="display:inline-block;width:2.26px"> </div>power<div style="display:inline-block;width:2.25px"> </div>due to<div style="display:inline-block;width:1.5px"> </div>high inflation </div><div id="a102192" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:394.4px;">– further fueled<div style="display:inline-block;width:2.04px"> </div>in Europe<div style="display:inline-block;width:2.31px"> </div>by the energy<div style="display:inline-block;width:2.2px"> </div>crisis and<div style="display:inline-block;width:1.93px"> </div>a lack of<div style="display:inline-block;width:2.32px"> </div>labor supply<div style="display:inline-block;width:2.27px"> </div>– even though<div style="display:inline-block;width:2.01px"> </div>unemployment rates<div style="display:inline-block;width:1.98px"> </div>are forecast to </div><div id="a102198" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:410px;">be higher than<div style="display:inline-block;width:1.96px"> </div>in 2022 and<div style="display:inline-block;width:1.99px"> </div>an energy crisis<div style="display:inline-block;width:1.88px"> </div>in Europe<div style="display:inline-block;width:1.84px"> </div>seems likely to<div style="display:inline-block;width:1.58px"> </div>be averted.<div style="display:inline-block;width:2.76px"> </div>Interest<div style="display:inline-block;width:2.29px"> </div>rates are<div style="display:inline-block;width:2.3px"> </div>expected to<div style="display:inline-block;width:1.89px"> </div>remain high, </div><div id="a102203" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:425.2px;">given the persistence of inflationary<div style="display:inline-block;width:1.55px"> </div>trends, leading to a less<div style="display:inline-block;width:1.82px"> </div>optimistic outlook for global<div style="display:inline-block;width:2.05px"> </div>house prices, which is cushioned </div><div id="a102205" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:440.3px;">in Switzerland by continued<div style="display:inline-block;width:1.26px"> </div>strong demand.<div style="display:inline-block;width:2.32px"> </div></div><div id="a102208" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:463.2px;">Global crisis scenario: </div><div id="a102209" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:128.392px;top:463.5px;">The first hypothetical<div style="display:inline-block;width:1.68px"> </div>downside scenario, the global crisis<div style="display:inline-block;width:2.02px"> </div>scenario, is aligned with the Group’s<div style="display:inline-block;width:1.96px"> </div>2022 </div><div id="a102215" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:478.6px;">binding stress scenario and was<div style="display:inline-block;width:5.16px"> </div>updated in 2022<div style="display:inline-block;width:5.24px"> </div>to reflect expected risks, resulting in<div style="display:inline-block;width:5.04px"> </div>minimal changes. It assumes that, </div><div id="a102221" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:493.8px;">while the<div style="display:inline-block;width:2.14px"> </div>global economy<div style="display:inline-block;width:1.5px"> </div>has returned to<div style="display:inline-block;width:1.13px"> </div>pre-pandemic levels<div style="display:inline-block;width:1.61px"> </div>and the immediate<div style="display:inline-block;width:1.14px"> </div>risks<div style="display:inline-block;width:2.2px"> </div>from COVID-19<div style="display:inline-block;width:1.99px"> </div>have decreased,<div style="display:inline-block;width:1.96px"> </div>the </div><div id="a102226" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:509.4px;">associated disruptions<div style="display:inline-block;width:5.47px"> </div>and<div style="display:inline-block;width:5.13px"> </div>the<div style="display:inline-block;width:5.25px"> </div>consequences of<div style="display:inline-block;width:6.06px"> </div>the unprecedented<div style="display:inline-block;width:5.83px"> </div>monetary and<div style="display:inline-block;width:5.93px"> </div>fiscal stimulus<div style="display:inline-block;width:5.72px"> </div>measures will<div style="display:inline-block;width:6.18px"> </div>remain </div><div id="a102228" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:524.5px;">critical. Concerns regarding<div style="display:inline-block;width:2.27px"> </div>the sustainability<div style="display:inline-block;width:2.3px"> </div>of public debt, following the marked deterioration<div style="display:inline-block;width:1.6px"> </div>of fiscal positions, lead to </div><div id="a102230" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:539.7px;">a loss<div style="display:inline-block;width:5.5px"> </div>of confidence and<div style="display:inline-block;width:5.54px"> </div>market turbulence, while protectionism results in<div style="display:inline-block;width:5.49px"> </div>a decrease<div style="display:inline-block;width:4.78px"> </div>in global<div style="display:inline-block;width:5.33px"> </div>trade. Governments and </div><div id="a102235" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:555.3px;">central banks have limited scope<div style="display:inline-block;width:5.02px"> </div>to support the economies,<div style="display:inline-block;width:4.29px"> </div>and interest rate levels remain moderate. As a<div style="display:inline-block;width:5.57px"> </div>consequence, </div><div id="a102238" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:570.4px;">China<div style="display:inline-block;width:5.18px"> </div>suffers a<div style="display:inline-block;width:5.86px"> </div>hard landing<div style="display:inline-block;width:5.45px"> </div>which,<div style="display:inline-block;width:5.17px"> </div>combined with<div style="display:inline-block;width:5.23px"> </div>political, solvency and<div style="display:inline-block;width:6.24px"> </div>liquidity concerns,<div style="display:inline-block;width:5.1px"> </div>affects emerging<div style="display:inline-block;width:5.13px"> </div>markets </div><div id="a102242" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:586px;">significantly. A<div style="display:inline-block;width:6.84px"> </div>spillover<div style="display:inline-block;width:5.03px"> </div>effect<div style="display:inline-block;width:5.25px"> </div>leads<div style="display:inline-block;width:5.38px"> </div>to<div style="display:inline-block;width:5.72px"> </div>a<div style="display:inline-block;width:5.67px"> </div>contraction of<div style="display:inline-block;width:7.09px"> </div>the<div style="display:inline-block;width:5.34px"> </div>Eurozone,<div style="display:inline-block;width:5.05px"> </div>Swiss<div style="display:inline-block;width:5.3px"> </div>and<div style="display:inline-block;width:5.61px"> </div>US<div style="display:inline-block;width:5.83px"> </div>economies,<div style="display:inline-block;width:5.03px"> </div>as<div style="display:inline-block;width:5.25px"> </div>global<div style="display:inline-block;width:5.13px"> </div>demand<div style="display:inline-block;width:5.66px"> </div>is </div><div id="a102250" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:601.2px;">significantly affected.<div style="display:inline-block;width:1.41px"> </div>Given the<div style="display:inline-block;width:2.31px"> </div>severity of the<div style="display:inline-block;width:1.9px"> </div>macroeconomic<div style="display:inline-block;width:2.24px"> </div>impact, unemployment<div style="display:inline-block;width:0.99px"> </div>rates rise to<div style="display:inline-block;width:2.15px"> </div>historical highs<div style="display:inline-block;width:1.71px"> </div>and real </div><div id="a102251" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:616.8px;">estate sectors contract<div style="display:inline-block;width:1.65px"> </div>sharply. </div><div id="a102254" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:639.2px;">Stagflationary<div style="display:inline-block;width:5.96px"> </div>geopolitical<div style="display:inline-block;width:5.71px"> </div>crisis<div style="display:inline-block;width:6.15px"> </div>scenario: </div><div id="a102255" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:248.605px;top:639.5px;">The<div style="display:inline-block;width:6.35px"> </div>second<div style="display:inline-block;width:6.13px"> </div>downside<div style="display:inline-block;width:6.53px"> </div>scenario<div style="display:inline-block;width:6.14px"> </div>was<div style="display:inline-block;width:6.77px"> </div>changed<div style="display:inline-block;width:5.81px"> </div>during<div style="display:inline-block;width:6.23px"> </div>2022.<div style="display:inline-block;width:6.78px"> </div>In<div style="display:inline-block;width:6.74px"> </div>light<div style="display:inline-block;width:6.19px"> </div>of<div style="display:inline-block;width:7.14px"> </div>the </div><div id="a102259" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:654.6px;">developments caused by Russia’s invasion of Ukraine, the </div><div id="a102261" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:332.352px;top:654.4px;">mild global interest rate steepening scenario</div><div id="a102269" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:581.258px;top:654.6px;"><div style="display:inline-block;width:3.77px"> </div>was replaced by a </div><div id="a102273" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:669.5px;">severe global<div style="display:inline-block;width:5.46px"> </div>interest rate<div style="display:inline-block;width:5.2px"> </div>steepening scenario</div><div id="a102283" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:268.005px;top:669.8px;"><div style="display:inline-block;width:5.2px"> </div>in the<div style="display:inline-block;width:5.93px"> </div>first quarter of<div style="display:inline-block;width:5.9px"> </div>2022, as<div style="display:inline-block;width:5.83px"> </div>the beginning of<div style="display:inline-block;width:6.12px"> </div>the Russia–Ukraine war </div><div id="a102292" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:685.4px;">increased fears of<div style="display:inline-block;width:2.12px"> </div>higher inflation and a corresponding<div style="display:inline-block;width:0.83px"> </div>reaction by monetary<div style="display:inline-block;width:2.35px"> </div>authorities. In<div style="display:inline-block;width:2.18px"> </div>the second quarter of the<div style="display:inline-block;width:2.29px"> </div>year, </div><div id="a102296" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:700.5px;">the progression<div style="display:inline-block;width:2.34px"> </div>of the war<div style="display:inline-block;width:2.15px"> </div>and the enforcement<div style="display:inline-block;width:1.16px"> </div>of sanctions<div style="display:inline-block;width:2.44px"> </div>regimes led<div style="display:inline-block;width:2.17px"> </div>to a redesign<div style="display:inline-block;width:1.37px"> </div>of the scenario.<div style="display:inline-block;width:1.82px"> </div>The resulting </div><div id="a102305" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:651.272px;top:700.3px;">severe </div><div id="a102306" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:715.9px;">Russia–Ukraine conflict scenario</div><div id="a102309" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:182.338px;top:716.1px;"><div style="display:inline-block;width:4.29px"> </div>has similar dynamics as the severe global interest rate<div style="display:inline-block;width:1.77px"> </div>steepening scenario, but addressed </div><div id="a102311" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:731.3px;">specifically the prospect<div style="display:inline-block;width:5.02px"> </div>of rising<div style="display:inline-block;width:5.45px"> </div>energy costs, especially<div style="display:inline-block;width:5.04px"> </div>in Europe, with<div style="display:inline-block;width:6.04px"> </div>the consequences<div style="display:inline-block;width:4.22px"> </div>of lower<div style="display:inline-block;width:5.4px"> </div>growth and higher </div><div id="a102318" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:746.4px;">inflation rates.<div style="display:inline-block;width:5.14px"> </div>In the<div style="display:inline-block;width:5.45px"> </div>fourth quarter of<div style="display:inline-block;width:5.67px"> </div>2022, UBS<div style="display:inline-block;width:5.66px"> </div>developed a new </div><div id="a102322" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:398.138px;top:746.1px;">stagflationary geopolitical<div style="display:inline-block;width:3.38px"> </div>crisis scenario</div><div id="a102330" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:622.898px;top:746.4px;"><div style="display:inline-block;width:5.2px"> </div>(SGC)<div style="display:inline-block;width:4.55px"> </div>and </div><div id="a102334" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:762px;">included this new scenario in the ECL<div style="display:inline-block;width:5.3px"> </div>calculation for year-end<div style="display:inline-block;width:2.19px"> </div>2022 in lieu of<div style="display:inline-block;width:5.05px"> </div>the </div><div id="a102342" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:465.805px;top:761.8px;">severe Russia–Ukraine conflict scenario</div><div id="a102348" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:682.045px;top:762px;">. </div><div id="a102349" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:777.1px;">While<div style="display:inline-block;width:4.08px"> </div>the SGC scenario addresses similar risks as the </div><div id="a102356" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:305.392px;top:776.9px;">severe Russia–Ukraine conflict<div style="display:inline-block;width:2.31px"> </div>scenario</div><div id="a102362" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:522.112px;top:777.1px;">, it also covers additional and </div><div id="a102363" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:792.7px;">broader risks and<div style="display:inline-block;width:1.97px"> </div>therefore assumes<div style="display:inline-block;width:1.99px"> </div>more severe<div style="display:inline-block;width:2.06px"> </div>shocks. Geopolitical<div style="display:inline-block;width:1.66px"> </div>tensions cause<div style="display:inline-block;width:2.02px"> </div>an escalation<div style="display:inline-block;width:2.09px"> </div>of security concerns<div style="display:inline-block;width:1.44px"> </div>and </div><div id="a102365" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:807.9px;">undermine globalization. The<div style="display:inline-block;width:5.04px"> </div>ensuing economic regionalization leads<div style="display:inline-block;width:5.27px"> </div>to a<div style="display:inline-block;width:5.35px"> </div>surge in<div style="display:inline-block;width:5.23px"> </div>global commodity prices<div style="display:inline-block;width:5.52px"> </div>and further </div><div id="a102372" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:823.5px;">disruptions of<div style="display:inline-block;width:1.69px"> </div>supply chains<div style="display:inline-block;width:1.61px"> </div>and raises<div style="display:inline-block;width:1.83px"> </div>the specter<div style="display:inline-block;width:1.79px"> </div>of prolonged<div style="display:inline-block;width:1.82px"> </div>stagflation.<div style="display:inline-block;width:1.98px"> </div>The severe<div style="display:inline-block;width:1.66px"> </div>interest<div style="display:inline-block;width:2.29px"> </div>rate and<div style="display:inline-block;width:2.09px"> </div>adverse<div style="display:inline-block;width:2.26px"> </div>house price </div><div id="a102378" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:838.7px;">assumptions in<div style="display:inline-block;width:2.17px"> </div>the SGC scenario<div style="display:inline-block;width:1.25px"> </div>had a substantive<div style="display:inline-block;width:1.65px"> </div>impact on model-based<div style="display:inline-block;width:1.35px"> </div>ECL allowances<div style="display:inline-block;width:1.62px"> </div>for loans<div style="display:inline-block;width:2.24px"> </div>secured by<div style="display:inline-block;width:2.33px"> </div>mortgages </div><div id="a102381" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:853.8px;">in Switzerland and<div style="display:inline-block;width:1.92px"> </div>the US. These<div style="display:inline-block;width:1.83px"> </div>effects were<div style="display:inline-block;width:1.81px"> </div>partly offset<div style="display:inline-block;width:2.09px"> </div>by PMA releases<div style="display:inline-block;width:1.91px"> </div>related to loans<div style="display:inline-block;width:1.58px"> </div>secured by mortgages.<div style="display:inline-block;width:1.32px"> </div>Refer to </div><div id="a102385" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:869.4px;">the section below<div style="display:inline-block;width:2.07px"> </div>on “Scenario weights<div style="display:inline-block;width:2.01px"> </div>and post-model adjustments”<div style="display:inline-block;width:1.42px"> </div>for more details. </div><div id="a102389" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:891.9px;">Asset price<div style="display:inline-block;width:6.09px"> </div>inflation scenario: </div><div id="a102390" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:177.138px;top:892.1px;">The upside<div style="display:inline-block;width:5.59px"> </div>scenario is<div style="display:inline-block;width:5.72px"> </div>based on<div style="display:inline-block;width:5.69px"> </div>positive developments,<div style="display:inline-block;width:5.26px"> </div>such as<div style="display:inline-block;width:6.08px"> </div>an easing<div style="display:inline-block;width:5.38px"> </div>of<div style="display:inline-block;width:5.25px"> </div>geopolitical </div><div id="a102392" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:907.3px;">tensions across the<div style="display:inline-block;width:5.62px"> </div>globe and<div style="display:inline-block;width:5.74px"> </div>a rebound<div style="display:inline-block;width:5.46px"> </div>in Chinese economic<div style="display:inline-block;width:5.48px"> </div>growth. A<div style="display:inline-block;width:5.26px"> </div>combination of<div style="display:inline-block;width:5.18px"> </div>lower energy and<div style="display:inline-block;width:5.91px"> </div>commodity </div><div id="a102393" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:922.9px;">prices,<div style="display:inline-block;width:5.57px"> </div>effective monetary<div style="display:inline-block;width:5.74px"> </div>policies<div style="display:inline-block;width:5.14px"> </div>and<div style="display:inline-block;width:5.13px"> </div>easing<div style="display:inline-block;width:5.08px"> </div>supply<div style="display:inline-block;width:5.08px"> </div>chain<div style="display:inline-block;width:5.3px"> </div>disruptions helps<div style="display:inline-block;width:6.25px"> </div>reduce<div style="display:inline-block;width:4.82px"> </div>inflation.<div style="display:inline-block;width:5.29px"> </div>Improved<div style="display:inline-block;width:5.03px"> </div>consumer and </div><div id="a102398" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:938px;">business sentiment lead to an economic rebound with central banks able to normalize interest rates; asset prices increase </div><div id="a102399" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:953.2px;">significantly.</div></div><div id="TextBlockContainer504" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:396px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a102438" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">The table below details the key assumptions<div style="display:inline-block;width:5.4px"> </div>for the four scenarios applied<div style="display:inline-block;width:5.15px"> </div>as of 31 December 2022. </div><div id="a102448" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:23.2px;">Scenario weights and post<div style="display:inline-block;width:1.36px"> </div>-model adjustments </div><div id="a102455" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:38.3px;">Due<div style="display:inline-block;width:5.08px"> </div>to the<div style="display:inline-block;width:5.88px"> </div>less positive<div style="display:inline-block;width:5.19px"> </div>outlook<div style="display:inline-block;width:5.28px"> </div>compared<div style="display:inline-block;width:5.07px"> </div>with the<div style="display:inline-block;width:5.88px"> </div>assessment on<div style="display:inline-block;width:5.8px"> </div>31 December<div style="display:inline-block;width:5.34px"> </div>2021, the<div style="display:inline-block;width:5.8px"> </div>scenario weights<div style="display:inline-block;width:6.2px"> </div>changed </div><div id="a102461" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:53.5px;">during 2022. The upside scenario was allocated<div style="display:inline-block;width:2.01px"> </div>a </div><div id="a102461_49_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:285.461px;top:53.5px;">0</div><div id="a102461_50_32" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:293.027px;top:53.5px;">% probability, and the previous </div><div id="a102461_82_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:472.732px;top:53.5px;">5</div><div id="a102461_83_26" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:479.825px;top:53.5px;">% weight was added to the </div><div id="a102464" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:639.925px;top:53.2px;">baseline </div><div id="a102465" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:68.8px;">scenario</div><div id="a102466" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:51.281px;top:69.1px;">, now<div style="display:inline-block;width:6.39px"> </div>set at </div><div id="a102466_13_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.474px;top:69.1px;">60</div><div id="a102466_15_91" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:141.607px;top:69.1px;">%. Following<div style="display:inline-block;width:6.28px"> </div>the introduction<div style="display:inline-block;width:5.94px"> </div>of the<div style="display:inline-block;width:6.07px"> </div>SGC, which<div style="display:inline-block;width:6.17px"> </div>was deemed<div style="display:inline-block;width:5.71px"> </div>to have<div style="display:inline-block;width:5.83px"> </div>a higher<div style="display:inline-block;width:6.13px"> </div>probability of </div><div id="a102472" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:84.2px;">occurring than<div style="display:inline-block;width:5.14px"> </div>the </div><div id="a102474" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:115.152px;top:84px;">global crisis<div style="display:inline-block;width:5.27px"> </div>scenario</div><div id="a102478" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:232.032px;top:84.2px;">, the weights<div style="display:inline-block;width:5.92px"> </div>were rebalanced.<div style="display:inline-block;width:6.02px"> </div>The SGC<div style="display:inline-block;width:5.14px"> </div>has a<div style="display:inline-block;width:5.08px"> </div>weight of </div><div id="a102478_55_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:562.74px;top:84.2px;">25</div><div id="a102478_57_17" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:577.873px;top:84.2px;">% (compared<div style="display:inline-block;width:5.27px"> </div>with </div><div id="a102485" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.3px;">10</div><div id="a102485_2_10" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:99.3px;">% for the </div><div id="a102486" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:80.633px;top:99.1px;">mild global<div style="display:inline-block;width:5.1px"> </div>interest rate steepening<div style="display:inline-block;width:6.37px"> </div>scenario</div><div id="a102494" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:334.232px;top:99.3px;"><div style="display:inline-block;width:4.27px"> </div>used as<div style="display:inline-block;width:5.34px"> </div>of 31 December<div style="display:inline-block;width:5.3px"> </div>2021) and<div style="display:inline-block;width:5.68px"> </div>the weight<div style="display:inline-block;width:5.13px"> </div>of the </div><div id="a102498" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:651.272px;top:99.1px;">global </div><div id="a102500" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:114.7px;">crisis scenario</div><div id="a102502" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:81.106px;top:115px;"><div style="display:inline-block;width:3.31px"> </div>was reduced to </div><div id="a102502_16_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.27px;top:115px;">15</div><div id="a102502_18_8" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:189.403px;top:115px;">% (from </div><div id="a102502_26_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:240.004px;top:115px;">30</div><div id="a102502_28_74" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:255.137px;top:115px;">% as of 31 December<div style="display:inline-block;width:2.31px"> </div>2021). The weights are also shown in the<div style="display:inline-block;width:2.1px"> </div>table below. </div><div id="a102508" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:137.7px;">The<div style="display:inline-block;width:5.88px"> </div>scenarios<div style="display:inline-block;width:5.72px"> </div>and<div style="display:inline-block;width:6.08px"> </div>weight<div style="display:inline-block;width:5.45px"> </div>allocation<div style="display:inline-block;width:5.61px"> </div>were<div style="display:inline-block;width:5.87px"> </div>established<div style="display:inline-block;width:6.02px"> </div>in<div style="display:inline-block;width:5.3px"> </div>line<div style="display:inline-block;width:5.67px"> </div>with<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.25px"> </div>general<div style="display:inline-block;width:5.82px"> </div>market<div style="display:inline-block;width:5.69px"> </div>sentiment<div style="display:inline-block;width:5.56px"> </div>that<div style="display:inline-block;width:5.57px"> </div>the<div style="display:inline-block;width:5.72px"> </div>short-term </div><div id="a102511" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:152.8px;">outlook<div style="display:inline-block;width:5.28px"> </div>is subdued<div style="display:inline-block;width:5.84px"> </div>and a<div style="display:inline-block;width:5.71px"> </div>recession in<div style="display:inline-block;width:6.16px"> </div>major markets<div style="display:inline-block;width:5.35px"> </div>is a<div style="display:inline-block;width:5.73px"> </div>strong<div style="display:inline-block;width:5.32px"> </div>probability. The<div style="display:inline-block;width:5.64px"> </div>downside<div style="display:inline-block;width:5.11px"> </div>risks in<div style="display:inline-block;width:5.72px"> </div>relation to<div style="display:inline-block;width:6.14px"> </div>inflation </div><div id="a102516" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:168.4px;">and monetary policy,<div style="display:inline-block;width:5.72px"> </div>as well as<div style="display:inline-block;width:5.4px"> </div>the availability and<div style="display:inline-block;width:5.46px"> </div>price of energy,<div style="display:inline-block;width:5.62px"> </div>mainly in Europe,<div style="display:inline-block;width:6.23px"> </div>are better reflected<div style="display:inline-block;width:5.42px"> </div>in our<div style="display:inline-block;width:5.18px"> </div>models </div><div id="a102520" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:183.6px;">compared with the uncertain developments<div style="display:inline-block;width:5.35px"> </div>caused by COVID-19 in recent<div style="display:inline-block;width:5.03px"> </div>years.<div style="display:inline-block;width:4.08px"> </div></div><div id="a102527" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:206.3px;">However, unquantifiable risks continue<div style="display:inline-block;width:5.36px"> </div>to be relevant, as the<div style="display:inline-block;width:5.11px"> </div>pandemic has not<div style="display:inline-block;width:5.11px"> </div>been overcome and the world<div style="display:inline-block;width:5.24px"> </div>may face </div><div id="a102530" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:221.4px;">new disruptions.<div style="display:inline-block;width:5.37px"> </div>Furthermore, the geopolitical<div style="display:inline-block;width:5.48px"> </div>situation worsened<div style="display:inline-block;width:5.58px"> </div>during 2022,<div style="display:inline-block;width:5.35px"> </div>and the impact on<div style="display:inline-block;width:5.49px"> </div>the world<div style="display:inline-block;width:5.13px"> </div>economy </div><div id="a102531" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:237px;">from escalations with unforeseeable<div style="display:inline-block;width:5.22px"> </div>consequences could be severe. In the near term, this<div style="display:inline-block;width:5.03px"> </div>uncertainty relates primarily to </div><div id="a102535" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:252.1px;">the development<div style="display:inline-block;width:6.02px"> </div>of the<div style="display:inline-block;width:5.5px"> </div>Russia–Ukraine<div style="display:inline-block;width:5.29px"> </div>war. Models,<div style="display:inline-block;width:5.66px"> </div>which are<div style="display:inline-block;width:5.59px"> </div>based on<div style="display:inline-block;width:5.69px"> </div>supportable statistical<div style="display:inline-block;width:5.08px"> </div>information<div style="display:inline-block;width:5.19px"> </div>from past </div><div id="a102543" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:267.8px;">experiences regarding interdependencies of<div style="display:inline-block;width:1.81px"> </div>macroeconomic factors and their<div style="display:inline-block;width:1.39px"> </div>implications for credit<div style="display:inline-block;width:2.34px"> </div>risk portfolios, cannot </div><div id="a102546" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:282.9px;">comprehensively reflect<div style="display:inline-block;width:6.17px"> </div>such extraordinary<div style="display:inline-block;width:6.23px"> </div>events, such<div style="display:inline-block;width:6.03px"> </div>as a<div style="display:inline-block;width:5.83px"> </div>pandemic or<div style="display:inline-block;width:5.5px"> </div>a fundamental<div style="display:inline-block;width:6.02px"> </div>change<div style="display:inline-block;width:5.13px"> </div>in the<div style="display:inline-block;width:5.93px"> </div>world political </div><div id="a102547" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:298.1px;">order. Rather than<div style="display:inline-block;width:5.05px"> </div>creating multiple additional scenarios<div style="display:inline-block;width:5.24px"> </div>to attempt gauging these<div style="display:inline-block;width:5.21px"> </div>risks and applying<div style="display:inline-block;width:5.11px"> </div>model parameters </div><div id="a102549" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:313.7px;">that lack supportable information and<div style="display:inline-block;width:5.3px"> </div>cannot be robustly validated, management<div style="display:inline-block;width:5.03px"> </div>continued to<div style="display:inline-block;width:5.28px"> </div>also apply PMAs.<div style="display:inline-block;width:4.18px"> </div></div><div id="a102555" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:336.4px;">These PMA took into account that more of the downside risks were modeled in 2022, particularly for lending<div style="display:inline-block;width:5.06px"> </div>secured by </div><div id="a102560" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:351.5px;">mortgages.<div style="display:inline-block;width:7.39px"> </div>The<div style="display:inline-block;width:7.3px"> </div>PMA<div style="display:inline-block;width:7.3px"> </div>amounted<div style="display:inline-block;width:7.6px"> </div>to<div style="display:inline-block;width:7.14px"> </div>USD </div><div id="a102560_35_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:251.925px;top:351.5px;">131</div><div id="a102560_38_48" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:274.152px;top:351.5px;">m<div style="display:inline-block;width:6.94px"> </div>as<div style="display:inline-block;width:7.14px"> </div>of<div style="display:inline-block;width:7.14px"> </div>31 December<div style="display:inline-block;width:7.07px"> </div>2022<div style="display:inline-block;width:7.93px"> </div>(31 December<div style="display:inline-block;width:6.61px"> </div>2021:<div style="display:inline-block;width:8.01px"> </div>USD </div><div id="a102560_86_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:605.872px;top:351.5px;">224</div><div id="a102560_89_10" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:628.098px;top:351.5px;">m).<div style="display:inline-block;width:7.15px"> </div>These </div><div id="a102573" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:367.1px;">remaining PMA<div style="display:inline-block;width:5.37px"> </div>for uncertainties<div style="display:inline-block;width:5.46px"> </div>on potentially<div style="display:inline-block;width:5.5px"> </div>unmodeled risk<div style="display:inline-block;width:5.85px"> </div>almost entirely<div style="display:inline-block;width:5.34px"> </div>relate<div style="display:inline-block;width:5.03px"> </div>to corporate<div style="display:inline-block;width:5.61px"> </div>lending portfolios<div style="display:inline-block;width:5.72px"> </div>in </div><div id="a102577" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:382.3px;">Personal &amp; Corporate Banking<div style="display:inline-block;width:5.45px"> </div>and the Investment Bank.</div></div><div id="TextBlockContainer507" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:688px;height:107px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a102580" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Economic scenarios and weights applied </div><div id="a102594" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.155px;top:13.4px;">Assigned weights in % </div><div id="a102596" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:3.679px;top:27.1px;">ECL scenario </div><div id="a102603" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:446.608px;top:27.1px;">31.12.22 </div><div id="a102608" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:646.742px;top:27.1px;">31.12.21 </div><div id="a102610" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:40.4px;">Asset price inflation </div><div id="a102618_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.355px;top:40.4px;">0.0</div><div id="a102624_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:40.4px;">5.0</div><div id="a102627" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:54.6px;">Baseline </div><div id="a102634_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.155px;top:54.6px;">60.0</div><div id="a102640_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.315px;top:54.6px;">55.0</div><div id="a102643" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:68.8px;">Mild global interest rate steepening<div style="display:inline-block;width:3.63px"> </div></div><div id="a102650_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.355px;top:68.8px;">0.0</div><div id="a102656_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.315px;top:68.8px;">10.0</div><div id="a102659" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:83px;">Stagflationary geopolitical crisis </div><div id="a102666_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.155px;top:83px;">25.0</div><div id="a102672_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:83px;">0.0</div><div id="a102675" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:97.2px;">Global crisis<div style="display:inline-block;width:2.98px"> </div></div><div id="a102682_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.155px;top:97.2px;">15.0</div><div id="a102688_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.315px;top:97.2px;">30.0</div></div><div id="TextBlockContainer511" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:694px;height:375px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a102692" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Scenario assumptions </div><div id="a102695" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:369.462px;top:0.2px;">One year<div style="display:inline-block;width:2.86px"> </div></div><div id="a102698" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:546.422px;top:0.2px;">Three years cumulative<div style="display:inline-block;width:3.68px"> </div></div><div id="a102700" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:3.679px;top:36.1px;">31.12.22 </div><div id="a102703" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:291.395px;top:24.3px;">Asset price </div><div id="a102704" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:301.328px;top:36.1px;">inflation </div><div id="a102706" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.182px;top:36.1px;">Baseline </div><div id="a102708" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:384.595px;top:12.5px;">Stagflationary </div><div id="a102709" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:393.128px;top:24.3px;">geopolitical </div><div id="a102710" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:417.728px;top:36.1px;">crisis<div style="display:inline-block;width:2.37px"> </div></div><div id="a102712" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:458.902px;top:24.3px;">Global </div><div id="a102713" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.048px;top:36.1px;">crisis<div style="display:inline-block;width:2.39px"> </div></div><div id="a102716" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:493.888px;top:24.3px;">Asset price </div><div id="a102717" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:503.862px;top:36.1px;">inflation </div><div id="a102719" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:550.235px;top:36.1px;">Baseline </div><div id="a102721" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:586.648px;top:12.5px;">Stagflationary </div><div id="a102722" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.155px;top:24.3px;">geopolitical </div><div id="a102723" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:619.782px;top:36.1px;">crisis<div style="display:inline-block;width:2.39px"> </div></div><div id="a102725" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:660.955px;top:24.3px;">Global </div><div id="a102726" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:667.102px;top:36.1px;">crisis<div style="display:inline-block;width:2.39px"> </div></div><div id="a102728" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:48.4px;">Real GDP growth (% change) </div><div id="a102740" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:61.7px;">United States </div><div id="a102743_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:319.302px;top:61.7px;">4.0</div><div id="a102746_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:361.422px;top:61.7px;display:flex;">(0.3)</div><div id="a102749_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.195px;top:61.7px;display:flex;">(4.8)</div><div id="a102752_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.515px;top:61.7px;display:flex;">(6.4)</div><div id="a102756_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.822px;top:61.7px;">9.1</div><div id="a102759_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.675px;top:61.7px;">3.2</div><div id="a102762_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:620.248px;top:61.7px;display:flex;">(4.4)</div><div id="a102765_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:61.7px;display:flex;">(1.8)</div><div id="a102768" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:75.4px;">Eurozone </div><div id="a102771_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:319.302px;top:75.4px;">3.0</div><div id="a102774_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:75.4px;">0.6</div><div id="a102777_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.195px;top:75.4px;display:flex;">(5.6)</div><div id="a102780_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.515px;top:75.4px;display:flex;">(8.5)</div><div id="a102784_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.822px;top:75.4px;">6.2</div><div id="a102787_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.675px;top:75.4px;">2.5</div><div id="a102790_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:620.248px;top:75.4px;display:flex;">(5.7)</div><div id="a102793_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:75.4px;display:flex;">(8.3)</div><div id="a102796" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:88.6px;">Switzerland </div><div id="a102799_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:319.302px;top:88.6px;">3.0</div><div id="a102802_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:88.6px;">0.7</div><div id="a102805_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.195px;top:88.6px;display:flex;">(4.8)</div><div id="a102808_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.515px;top:88.6px;display:flex;">(6.7)</div><div id="a102812_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.822px;top:88.6px;">6.6</div><div id="a102815_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.675px;top:88.6px;">3.5</div><div id="a102818_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:620.248px;top:88.6px;display:flex;">(4.9)</div><div id="a102821_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:88.6px;display:flex;">(3.7)</div><div id="a102824" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:101.4px;">Consumer price index (% change) </div><div id="a102827" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.115px;top:101.4px;"><div style="display:inline-block;width:2.37px"> </div></div><div id="a102837" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:114.7px;">United States </div><div id="a102840_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:319.302px;top:114.7px;">2.5</div><div id="a102843_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:114.7px;">2.6</div><div id="a102846_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.195px;top:114.7px;">10.0</div><div id="a102849_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.515px;top:114.7px;display:flex;">(0.5)</div><div id="a102853_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.822px;top:114.7px;">8.1</div><div id="a102856_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.675px;top:114.7px;">6.5</div><div id="a102859_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:620.248px;top:114.7px;">15.8</div><div id="a102862_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.782px;top:114.7px;">1.2</div><div id="a102865" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:127.9px;">Eurozone </div><div id="a102868_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:319.302px;top:127.9px;">2.3</div><div id="a102871_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:127.9px;">5.0</div><div id="a102874_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.395px;top:127.9px;">9.6</div><div id="a102877_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.515px;top:127.9px;display:flex;">(0.7)</div><div id="a102881_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.822px;top:127.9px;">7.4</div><div id="a102884_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.675px;top:127.9px;">9.6</div><div id="a102887_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:620.248px;top:127.9px;">14.8</div><div id="a102890_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:127.9px;display:flex;">(0.7)</div><div id="a102893" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:141.1px;">Switzerland </div><div id="a102896_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:319.302px;top:141.1px;">2.1</div><div id="a102899_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:141.1px;">1.6</div><div id="a102902_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.395px;top:141.1px;">5.8</div><div id="a102905_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.515px;top:141.1px;display:flex;">(1.8)</div><div id="a102909_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.822px;top:141.1px;">6.2</div><div id="a102912_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.675px;top:141.1px;">3.9</div><div id="a102915_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:620.248px;top:141.1px;">10.7</div><div id="a102918_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:141.1px;display:flex;">(1.6)</div><div id="a102921" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:153.9px;">Unemployment rate (end-of<div style="display:inline-block;width:1.44px"> </div>-period level, %) </div><div id="a102937" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:167.2px;">United States </div><div id="a102940_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:319.302px;top:167.2px;">3.0</div><div id="a102943_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:167.2px;">3.9</div><div id="a102946_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.395px;top:167.2px;">9.2</div><div id="a102949_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.515px;top:167.2px;">10.0</div><div id="a102953_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.822px;top:167.2px;">3.0</div><div id="a102956_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.675px;top:167.2px;">5.3</div><div id="a102959_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:620.248px;top:167.2px;">11.8</div><div id="a102962_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.782px;top:167.2px;">9.4</div><div id="a102965" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:180.4px;">Eurozone </div><div id="a102968_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:319.302px;top:180.4px;">6.0</div><div id="a102971_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:180.4px;">7.0</div><div id="a102974_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.195px;top:180.4px;">10.9</div><div id="a102977_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.515px;top:180.4px;">11.9</div><div id="a102981_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.822px;top:180.4px;">6.0</div><div id="a102984_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.675px;top:180.4px;">7.1</div><div id="a102987_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:620.248px;top:180.4px;">12.2</div><div id="a102990_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:180.4px;">13.0</div><div id="a102993" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:194.1px;">Switzerland </div><div id="a102996_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:319.302px;top:194.1px;">1.7</div><div id="a102999_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:194.1px;">2.3</div><div id="a103002_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.395px;top:194.1px;">4.3</div><div id="a103005_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:470.728px;top:194.1px;">4.4</div><div id="a103009_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.822px;top:194.1px;">1.5</div><div id="a103012_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.675px;top:194.1px;">2.6</div><div id="a103015_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:625.462px;top:194.1px;">5.1</div><div id="a103018_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.782px;top:194.1px;">4.9</div><div id="a103021" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:206.4px;">Fixed income: 10-year government<div style="display:inline-block;width:3.84px"> </div>bonds (change in yields, basis points) </div><div id="a103036" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:219.7px;">USD </div><div id="a103039_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:314.102px;top:219.7px;">25.0</div><div id="a103042_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:361.422px;top:219.7px;display:flex;">(5.6)</div><div id="a103045_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.475px;top:219.7px;">235.0</div><div id="a103048_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.595px;top:219.7px;display:flex;">(326.0)</div><div id="a103052_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:516.622px;top:219.7px;">70.0</div><div id="a103055_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:558.275px;top:219.7px;display:flex;">(13.2)</div><div id="a103058_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.528px;top:219.7px;">205.0</div><div id="a103061_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.648px;top:219.7px;display:flex;">(291.1)</div><div id="a103064" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:233.4px;">EUR </div><div id="a103067_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:314.102px;top:233.4px;">20.0</div><div id="a103070_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:361.422px;top:233.4px;">47.8</div><div id="a103073_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.475px;top:233.4px;">250.0</div><div id="a103076_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.595px;top:233.4px;display:flex;">(270.6)</div><div id="a103080_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:516.622px;top:233.4px;">57.5</div><div id="a103083_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:563.475px;top:233.4px;">44.7</div><div id="a103086_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.528px;top:233.4px;">220.0</div><div id="a103089_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.648px;top:233.4px;display:flex;">(246.5)</div><div id="a103092" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:246.6px;">CHF </div><div id="a103095_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:314.102px;top:246.6px;">25.0</div><div id="a103098_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:361.422px;top:246.6px;">45.7</div><div id="a103101_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.475px;top:246.6px;">220.0</div><div id="a103104_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.595px;top:246.6px;display:flex;">(209.7)</div><div id="a103108_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:516.622px;top:246.6px;">62.5</div><div id="a103111_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:563.475px;top:246.6px;">57.0</div><div id="a103114_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.528px;top:246.6px;">205.0</div><div id="a103117_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.648px;top:246.6px;display:flex;">(159.6)</div><div id="a103120" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:259.4px;">Equity indices (% change) </div><div id="a103132" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:272.7px;">S&amp;P 500 </div><div id="a103135_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:314.102px;top:272.7px;">20.0</div><div id="a103138_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:272.7px;">7.4</div><div id="a103141_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.995px;top:272.7px;display:flex;">(51.5)</div><div id="a103144_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.315px;top:272.7px;display:flex;">(50.0)</div><div id="a103148_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:516.622px;top:272.7px;">51.7</div><div id="a103151_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:563.475px;top:272.7px;">22.8</div><div id="a103154_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.048px;top:272.7px;display:flex;">(45.6)</div><div id="a103157_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.368px;top:272.7px;display:flex;">(27.9)</div><div id="a103160" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:285.9px;">EuroStoxx 50 </div><div id="a103163_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:314.102px;top:285.9px;">17.0</div><div id="a103166_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:361.422px;top:285.9px;">17.2</div><div id="a103169_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.995px;top:285.9px;display:flex;">(51.6)</div><div id="a103172_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.315px;top:285.9px;display:flex;">(50.0)</div><div id="a103176_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:516.622px;top:285.9px;">42.9</div><div id="a103179_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:563.475px;top:285.9px;">29.2</div><div id="a103182_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.048px;top:285.9px;display:flex;">(47.2)</div><div id="a103185_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.368px;top:285.9px;display:flex;">(39.3)</div><div id="a103188" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:299.2px;">SPI </div><div id="a103191_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:314.102px;top:299.2px;">14.0</div><div id="a103194_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:299.2px;">5.6</div><div id="a103197_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.995px;top:299.2px;display:flex;">(51.6)</div><div id="a103200_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.315px;top:299.2px;display:flex;">(46.0)</div><div id="a103204_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:516.622px;top:299.2px;">37.9</div><div id="a103207_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:563.475px;top:299.2px;">19.3</div><div id="a103210_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.048px;top:299.2px;display:flex;">(47.2)</div><div id="a103213_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.368px;top:299.2px;display:flex;">(32.9)</div><div id="a103216" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:311.9px;">Swiss real estate (% change) </div><div id="a103229" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:325.2px;">Single-Family Homes<div style="display:inline-block;width:3.32px"> </div></div><div id="a103234_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:319.302px;top:325.2px;">6.6</div><div id="a103237_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:325.2px;">1.1</div><div id="a103240_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.995px;top:325.2px;display:flex;">(16.7)</div><div id="a103243_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.315px;top:325.2px;display:flex;">(19.9)</div><div id="a103247_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:516.622px;top:325.2px;">14.0</div><div id="a103250_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.675px;top:325.2px;">2.3</div><div id="a103253_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.048px;top:325.2px;display:flex;">(32.9)</div><div id="a103256_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.368px;top:325.2px;display:flex;">(23.9)</div><div id="a103259" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:337.9px;">Other real estate (% change) </div><div id="a103271" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:351.2px;">United States (S&amp;P / Case–Shiller) </div><div id="a103276_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:319.302px;top:351.2px;">7.8</div><div id="a103279_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:361.422px;top:351.2px;display:flex;">(4.5)</div><div id="a103282_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.995px;top:351.2px;display:flex;">(12.8)</div><div id="a103285_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.315px;top:351.2px;display:flex;">(19.3)</div><div id="a103289_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:516.622px;top:351.2px;">19.1</div><div id="a103292_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:563.475px;top:351.2px;display:flex;">(0.6)</div><div id="a103295_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.048px;top:351.2px;display:flex;">(35.8)</div><div id="a103298_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.368px;top:351.2px;display:flex;">(32.7)</div><div id="a103301" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:364.5px;">Eurozone (House Price Index) </div><div id="a103304_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:319.302px;top:364.5px;">7.0</div><div id="a103307_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:361.422px;top:364.5px;display:flex;">(2.7)</div><div id="a103310_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.195px;top:364.5px;display:flex;">(8.4)</div><div id="a103313_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.515px;top:364.5px;display:flex;">(8.9)</div><div id="a103317_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:516.622px;top:364.5px;">15.4</div><div id="a103320_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.675px;top:364.5px;">2.0</div><div id="a103323_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.048px;top:364.5px;display:flex;">(14.7)</div><div id="a103326_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.368px;top:364.5px;display:flex;">(17.5)</div></div><div id="TextBlockContainer516" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:695px;height:375px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_514_XBRL_TS_7a22238565e44fa58a9694ae26a2e9a1" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer515" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:695px;height:375px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a103366" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0.5px;">Scenario assumptions </div><div id="a103369" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:370.408px;top:0.2px;">One year<div style="display:inline-block;width:2.86px"> </div></div><div id="a103372" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:547.395px;top:0.2px;">Three years cumulative<div style="display:inline-block;width:3.65px"> </div></div><div id="a103374" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:36.1px;">31.12.21 </div><div id="a103377" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:292.342px;top:24.8px;">Asset price </div><div id="a103378" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:302.275px;top:36.1px;">inflation </div><div id="a103380" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:353.382px;top:36.1px;">Baseline </div><div id="a103382" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.182px;top:12.9px;">Mild global </div><div id="a103383" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:24.8px;">interest rate </div><div id="a103384" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:393.608px;top:36.1px;">steepening<div style="display:inline-block;width:2.74px"> </div></div><div id="a103386" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:439.008px;top:36.1px;">Global crisis<div style="display:inline-block;width:2.98px"> </div></div><div id="a103389" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:494.875px;top:24.8px;">Asset price </div><div id="a103390" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:504.808px;top:36.1px;">inflation </div><div id="a103392" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:555.435px;top:36.1px;">Baseline </div><div id="a103394" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:594.208px;top:12.9px;">Mild global </div><div id="a103395" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:24.8px;">interest rate </div><div id="a103396" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.635px;top:36.1px;">steepening<div style="display:inline-block;width:2.76px"> </div></div><div id="a103398" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:641.542px;top:36.1px;">Global crisis<div style="display:inline-block;width:2.98px"> </div></div><div id="a103400" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:48.9px;">Real GDP growth (% change) </div><div id="a103412" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:62.1px;">United States </div><div id="a103415_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:62.1px;">9.1</div><div id="a103418_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:62.1px;">4.4</div><div id="a103421_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:416.302px;top:62.1px;display:flex;">(0.1)</div><div id="a103424_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.995px;top:62.1px;display:flex;">(5.9)</div><div id="a103428_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.568px;top:62.1px;">17.8</div><div id="a103431_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.675px;top:62.1px;">10.1</div><div id="a103434_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.568px;top:62.1px;">1.8</div><div id="a103437_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:62.1px;display:flex;">(3.8)</div><div id="a103440" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:75.4px;">Eurozone </div><div id="a103443_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:75.4px;">9.4</div><div id="a103446_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:75.4px;">3.9</div><div id="a103449_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:416.302px;top:75.4px;display:flex;">(0.1)</div><div id="a103452_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.995px;top:75.4px;display:flex;">(8.7)</div><div id="a103456_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.568px;top:75.4px;">17.3</div><div id="a103459_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.875px;top:75.4px;">7.5</div><div id="a103462_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.568px;top:75.4px;">0.9</div><div id="a103465_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.315px;top:75.4px;display:flex;">(10.3)</div><div id="a103468" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:88.6px;">Switzerland </div><div id="a103471_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:88.6px;">5.5</div><div id="a103474_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:88.6px;">2.4</div><div id="a103477_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:416.302px;top:88.6px;display:flex;">(0.9)</div><div id="a103480_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.995px;top:88.6px;display:flex;">(6.6)</div><div id="a103484_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.568px;top:88.6px;">13.1</div><div id="a103487_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.875px;top:88.6px;">5.8</div><div id="a103490_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:618.368px;top:88.6px;display:flex;">(0.1)</div><div id="a103493_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:88.6px;display:flex;">(5.7)</div><div id="a103496" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:101.4px;">Consumer price index (% change) </div><div id="a103508" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:114.7px;">United States </div><div id="a103511_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:114.7px;">3.1</div><div id="a103514_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:114.7px;">2.2</div><div id="a103517_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.502px;top:114.7px;">5.7</div><div id="a103520_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.995px;top:114.7px;display:flex;">(1.2)</div><div id="a103524_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:522.768px;top:114.7px;">9.5</div><div id="a103527_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.875px;top:114.7px;">6.3</div><div id="a103530_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:618.368px;top:114.7px;">13.0</div><div id="a103533_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:114.7px;">0.4</div><div id="a103536" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:127.9px;">Eurozone </div><div id="a103539_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:127.9px;">2.3</div><div id="a103542_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:127.9px;">1.4</div><div id="a103545_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.502px;top:127.9px;">4.2</div><div id="a103548_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.995px;top:127.9px;display:flex;">(1.3)</div><div id="a103552_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:522.768px;top:127.9px;">8.0</div><div id="a103555_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.875px;top:127.9px;">4.8</div><div id="a103558_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:618.368px;top:127.9px;">10.4</div><div id="a103561_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:127.9px;display:flex;">(1.7)</div><div id="a103564" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:141.6px;">Switzerland </div><div id="a103567_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:141.6px;">1.8</div><div id="a103570_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:141.6px;">0.3</div><div id="a103573_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.502px;top:141.6px;">3.5</div><div id="a103576_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.995px;top:141.6px;display:flex;">(1.8)</div><div id="a103580_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:522.768px;top:141.6px;">6.1</div><div id="a103583_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.875px;top:141.6px;">1.7</div><div id="a103586_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.568px;top:141.6px;">9.0</div><div id="a103589_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:141.6px;display:flex;">(1.6)</div><div id="a103592" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:153.9px;">Unemployment rate (end-of<div style="display:inline-block;width:1.44px"> </div>-period level, %) </div><div id="a103608" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:167.6px;">United States </div><div id="a103611_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:167.6px;">3.0</div><div id="a103614_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:167.6px;">3.9</div><div id="a103617_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.502px;top:167.6px;">6.1</div><div id="a103620_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.995px;top:167.6px;">10.9</div><div id="a103624_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:522.768px;top:167.6px;">3.0</div><div id="a103627_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.875px;top:167.6px;">3.5</div><div id="a103630_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.568px;top:167.6px;">7.2</div><div id="a103633_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:167.6px;">10.8</div><div id="a103636" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:180.9px;">Eurozone </div><div id="a103639_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:180.9px;">6.2</div><div id="a103642_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:180.9px;">7.4</div><div id="a103645_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.502px;top:180.9px;">8.7</div><div id="a103648_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.995px;top:180.9px;">12.9</div><div id="a103652_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:522.768px;top:180.9px;">6.0</div><div id="a103655_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.875px;top:180.9px;">7.2</div><div id="a103658_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.568px;top:180.9px;">9.1</div><div id="a103661_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:180.9px;">15.1</div><div id="a103664" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:194.1px;">Switzerland </div><div id="a103667_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:194.1px;">2.3</div><div id="a103670_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:194.1px;">2.5</div><div id="a103673_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.502px;top:194.1px;">3.4</div><div id="a103676_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:471.195px;top:194.1px;">5.2</div><div id="a103680_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:522.768px;top:194.1px;">1.6</div><div id="a103683_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.875px;top:194.1px;">2.3</div><div id="a103686_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.568px;top:194.1px;">4.2</div><div id="a103689_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:194.1px;">5.9</div><div id="a103692" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:206.9px;">Fixed income: 10-year government<div style="display:inline-block;width:3.87px"> </div>bonds (change in yields, basis points) </div><div id="a103706" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:220.2px;">USD </div><div id="a103709_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.035px;top:220.2px;">50.0</div><div id="a103712_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:220.2px;">16.5</div><div id="a103715_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:411.582px;top:220.2px;">259.2</div><div id="a103718_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.795px;top:220.2px;display:flex;">(50.0)</div><div id="a103722_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.848px;top:220.2px;">170.0</div><div id="a103725_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.675px;top:220.2px;">41.2</div><div id="a103728_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.635px;top:220.2px;">329.2</div><div id="a103731_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.315px;top:220.2px;display:flex;">(15.0)</div><div id="a103734" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:233.4px;">EUR </div><div id="a103737_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.035px;top:233.4px;">40.0</div><div id="a103740_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:233.4px;">11.1</div><div id="a103743_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:411.582px;top:233.4px;">283.8</div><div id="a103746_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.795px;top:233.4px;display:flex;">(35.0)</div><div id="a103750_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.848px;top:233.4px;">140.0</div><div id="a103753_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.675px;top:233.4px;">34.9</div><div id="a103756_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.635px;top:233.4px;">349.3</div><div id="a103759_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.315px;top:233.4px;display:flex;">(25.0)</div><div id="a103762" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:246.6px;">CHF </div><div id="a103765_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.035px;top:246.6px;">50.0</div><div id="a103768_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:246.6px;">12.1</div><div id="a103771_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:411.582px;top:246.6px;">245.5</div><div id="a103774_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.795px;top:246.6px;display:flex;">(70.0)</div><div id="a103778_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.848px;top:246.6px;">150.0</div><div id="a103781_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.675px;top:246.6px;">34.4</div><div id="a103784_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.635px;top:246.6px;">307.3</div><div id="a103787_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.315px;top:246.6px;display:flex;">(35.0)</div><div id="a103790" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:259.4px;">Equity indices (% change) </div><div id="a103802" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:272.7px;">S&amp;P 500 </div><div id="a103805_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.035px;top:272.7px;">12.0</div><div id="a103808_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:272.7px;">14.1</div><div id="a103811_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:411.102px;top:272.7px;display:flex;">(27.0)</div><div id="a103814_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.795px;top:272.7px;display:flex;">(50.2)</div><div id="a103818_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.568px;top:272.7px;">35.5</div><div id="a103821_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.675px;top:272.7px;">24.7</div><div id="a103824_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.155px;top:272.7px;display:flex;">(21.8)</div><div id="a103827_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.315px;top:272.7px;display:flex;">(40.1)</div><div id="a103830" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:286.4px;">EuroStoxx 50 </div><div id="a103833_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.035px;top:286.4px;">16.0</div><div id="a103836_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:286.4px;">12.3</div><div id="a103839_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:411.102px;top:286.4px;display:flex;">(23.4)</div><div id="a103842_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.795px;top:286.4px;display:flex;">(57.6)</div><div id="a103846_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.568px;top:286.4px;">41.6</div><div id="a103849_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.675px;top:286.4px;">20.7</div><div id="a103852_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.155px;top:286.4px;display:flex;">(19.9)</div><div id="a103855_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.315px;top:286.4px;display:flex;">(50.4)</div><div id="a103858" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:299.6px;">SPI </div><div id="a103861_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.035px;top:299.6px;">14.0</div><div id="a103864_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:299.6px;">12.1</div><div id="a103867_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:411.102px;top:299.6px;display:flex;">(22.9)</div><div id="a103870_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.795px;top:299.6px;display:flex;">(53.6)</div><div id="a103874_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.568px;top:299.6px;">37.9</div><div id="a103877_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.675px;top:299.6px;">19.1</div><div id="a103880_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.155px;top:299.6px;display:flex;">(19.6)</div><div id="a103883_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.315px;top:299.6px;display:flex;">(44.2)</div><div id="a103886" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:312.4px;">Swiss real estate (% change) </div><div id="a103898" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:325.7px;">Single-Family Homes<div style="display:inline-block;width:3.32px"> </div></div><div id="a103903_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:325.7px;">5.1</div><div id="a103906_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:325.7px;">4.4</div><div id="a103909_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:416.302px;top:325.7px;display:flex;">(4.3)</div><div id="a103912_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.795px;top:325.7px;display:flex;">(17.0)</div><div id="a103916_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.568px;top:325.7px;">15.5</div><div id="a103919_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.875px;top:325.7px;">7.4</div><div id="a103922_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:618.368px;top:325.7px;display:flex;">(8.8)</div><div id="a103925_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.315px;top:325.7px;display:flex;">(30.0)</div><div id="a103928" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:338.5px;">Other real estate (% change) </div><div id="a103941" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:351.7px;">United States (S&amp;P / Case–Shiller) </div><div id="a103946_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.035px;top:351.7px;">10.0</div><div id="a103949_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:351.7px;">3.5</div><div id="a103952_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:416.302px;top:351.7px;display:flex;">(2.3)</div><div id="a103955_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.995px;top:351.7px;display:flex;">(9.5)</div><div id="a103959_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.568px;top:351.7px;">21.7</div><div id="a103962_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.875px;top:351.7px;">7.1</div><div id="a103965_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:618.368px;top:351.7px;display:flex;">(8.7)</div><div id="a103968_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.315px;top:351.7px;display:flex;">(26.3)</div><div id="a103971" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:364.9px;">Eurozone (House Price Index) </div><div id="a103974_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:364.9px;">8.4</div><div id="a103977_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:364.9px;">5.1</div><div id="a103980_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:416.302px;top:364.9px;display:flex;">(4.0)</div><div id="a103983_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.995px;top:364.9px;display:flex;">(5.4)</div><div id="a103987_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.568px;top:364.9px;">17.8</div><div id="a103990_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.875px;top:364.9px;">9.6</div><div id="a103993_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:618.368px;top:364.9px;display:flex;">(7.6)</div><div id="a103996_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.315px;top:364.9px;display:flex;">(10.8)</div></div></div></div><div id="TextBlockContainer518" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:240px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a104000" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">c) Development of ECL allowances<div style="display:inline-block;width:5.12px"> </div>and provisions<div style="display:inline-block;width:4.75px"> </div></div><div id="a104003" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.3px;">The ECL allowances and provisions<div style="display:inline-block;width:5.49px"> </div>recognized in the period<div style="display:inline-block;width:5.2px"> </div>are impacted by a variety of factors,<div style="display:inline-block;width:5.1px"> </div>such as: </div><div id="a104009" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.4px;">–</div><div id="a104010" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:42.3px;"> </div><div id="a104011" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:42.4px;">the effect of selecting and<div style="display:inline-block;width:5.2px"> </div>updating forward-looking scenarios<div style="display:inline-block;width:5.11px"> </div>and the respective weights; </div><div id="a104018" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:58.1px;">–</div><div id="a104019" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:57.9px;"> </div><div id="a104020" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:58.1px;">origination of new instruments during<div style="display:inline-block;width:5.52px"> </div>the period;<div style="display:inline-block;width:4.08px"> </div></div><div id="a104023" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:73.2px;">–</div><div id="a104024" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:73px;"> </div><div id="a104025" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:73.2px;">the effect<div style="display:inline-block;width:2.13px"> </div>of passage of<div style="display:inline-block;width:2.25px"> </div>time (lower residual<div style="display:inline-block;width:2.24px"> </div>lifetime PD and the<div style="display:inline-block;width:1.65px"> </div>effect of discount<div style="display:inline-block;width:2.12px"> </div>unwind) as the<div style="display:inline-block;width:2.17px"> </div>ECL on an<div style="display:inline-block;width:1.71px"> </div>instrument </div><div id="a104034" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:88.3px;">for the remaining lifetime decreases (all other<div style="display:inline-block;width:5.66px"> </div>factors remaining the same); </div><div id="a104037" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:103.9px;">–</div><div id="a104038" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:103.8px;"> </div><div id="a104039" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:103.9px;">derecognition of instruments in the<div style="display:inline-block;width:5.12px"> </div>period; </div><div id="a104041" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:119.1px;">–</div><div id="a104042" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:118.9px;"> </div><div id="a104043" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:119.1px;">change in individual asset quality of instruments; </div><div id="a104046" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:134.7px;">–</div><div id="a104047" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:134.6px;"> </div><div id="a104048" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:134.7px;">movements from<div style="display:inline-block;width:6.5px"> </div>a<div style="display:inline-block;width:5.2px"> </div>maximum<div style="display:inline-block;width:5.11px"> </div>12-month<div style="display:inline-block;width:5.88px"> </div>ECL<div style="display:inline-block;width:5.15px"> </div>to<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>recognition<div style="display:inline-block;width:5.26px"> </div>of<div style="display:inline-block;width:5.25px"> </div>lifetime ECL<div style="display:inline-block;width:5.9px"> </div>(and<div style="display:inline-block;width:5.71px"> </div>vice versa)<div style="display:inline-block;width:6.01px"> </div>following<div style="display:inline-block;width:5.65px"> </div>transfers </div><div id="a104051" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:149.8px;">between stages 1 and 2;<div style="display:inline-block;width:4.77px"> </div></div><div id="a104055" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:165px;">–</div><div id="a104056" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:164.8px;"> </div><div id="a104057" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:165px;">movements from stages 1 and 2 to stage 3 (credit-impaired status) when default has become certain and PD increases </div><div id="a104067" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:180.6px;">to 100% (or vice versa); </div><div id="a104069" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:195.7px;">–</div><div id="a104070" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:195.6px;"> </div><div id="a104071" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:195.7px;">changes in models or updates<div style="display:inline-block;width:5.02px"> </div>to model parameters; </div><div id="a104073" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:211.3px;">–</div><div id="a104074" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:211.2px;"> </div><div id="a104075" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:211.3px;">write-off; and </div><div id="a104079" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:226.5px;">–</div><div id="a104080" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:226.3px;"> </div><div id="a104081" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:226.5px;">foreign exchange translations for assets denominated<div style="display:inline-block;width:5.47px"> </div>in foreign currencies.</div></div><div id="TextBlockContainer520" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:44px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a104121" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">The<div style="display:inline-block;width:5.88px"> </div>table<div style="display:inline-block;width:5.65px"> </div>below<div style="display:inline-block;width:6.11px"> </div>explains<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>changes<div style="display:inline-block;width:6.13px"> </div>in<div style="display:inline-block;width:5.77px"> </div>the<div style="display:inline-block;width:5.72px"> </div>ECL<div style="display:inline-block;width:5.63px"> </div>allowances<div style="display:inline-block;width:6.29px"> </div>and<div style="display:inline-block;width:6.08px"> </div>provisions<div style="display:inline-block;width:6.26px"> </div>for<div style="display:inline-block;width:5.57px"> </div>on-<div style="display:inline-block;width:6.65px"> </div>and<div style="display:inline-block;width:6.08px"> </div>off-balance<div style="display:inline-block;width:5.78px"> </div>sheet<div style="display:inline-block;width:5.77px"> </div>financial </div><div id="a104129" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">instruments and credit<div style="display:inline-block;width:5.16px"> </div>lines in scope of ECL<div style="display:inline-block;width:5.54px"> </div>requirements<div style="display:inline-block;width:5.15px"> </div>between the beginning<div style="display:inline-block;width:5.4px"> </div>and the end of the<div style="display:inline-block;width:5.15px"> </div>period due<div style="display:inline-block;width:5.11px"> </div>to the </div><div id="a104130" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">factors listed above.</div></div><div id="TextBlockContainer523" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:695px;height:470px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a104135" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Development of ECL allowances<div style="display:inline-block;width:4.15px"> </div>and provisions </div><div id="a104140" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:12.5px;">USD m </div><div id="a104143" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:402.595px;top:12.5px;">Total </div><div id="a104145" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:480.182px;top:12.5px;">Stage 1 </div><div id="a104147" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:567.262px;top:12.5px;">Stage 2 </div><div id="a104149" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:654.342px;top:12.5px;">Stage 3 </div><div id="a104151" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:25.2px;">Balance as of 31 December 2021 </div><div id="a104154_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:394.075px;top:25.2px;display:flex;">(1,165)</div><div id="a104157_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:488.222px;top:25.2px;display:flex;">(282)</div><div id="a104160_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:575.302px;top:25.2px;display:flex;">(220)</div><div id="a104163_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:662.368px;top:25.2px;display:flex;">(662)</div><div id="a104166" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:38px;">Net movement from new and derecognized<div style="display:inline-block;width:4.27px"> </div>transactions</div><div id="a104167" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:216.608px;top:38.7px;">1</div><div id="a104170_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.102px;top:38px;display:flex;">(7)</div><div id="a104173_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:493.422px;top:38px;display:flex;">(21)</div><div id="a104176_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:585.222px;top:38px;">16</div><div id="a104179_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:672.302px;top:38px;display:flex;">(2)</div><div id="a104182" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:51.3px;">of which: Private clients with mortgages </div><div id="a104186_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:51.3px;display:flex;">(6)</div><div id="a104190_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:51.3px;display:flex;">(6)</div><div id="a104193_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:51.3px;">0</div><div id="a104196_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:51.3px;">0</div><div id="a104199" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:64.5px;">of which: Real estate financing </div><div id="a104202_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:64.5px;display:flex;">(3)</div><div id="a104205_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:64.5px;display:flex;">(5)</div><div id="a104208_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:64.5px;">2</div><div id="a104211_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:64.5px;">0</div><div id="a104214" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:77.7px;">of which: Large corporate clients </div><div id="a104217_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:77.7px;">8</div><div id="a104220_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:77.7px;display:flex;">(1)</div><div id="a104223_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:585.222px;top:77.7px;">11</div><div id="a104226_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:77.7px;display:flex;">(2)</div><div id="a104229" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:91.5px;">of which: SME clients </div><div id="a104232_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:91.5px;display:flex;">(1)</div><div id="a104235_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:91.5px;display:flex;">(1)</div><div id="a104238_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:91.5px;">0</div><div id="a104241_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:91.5px;">0</div><div id="a104244" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:104.7px;">of which: Other </div><div id="a104247_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:104.7px;display:flex;">(6)</div><div id="a104250_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:104.7px;display:flex;">(8)</div><div id="a104253_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:104.7px;">3</div><div id="a104256_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:104.7px;">0</div><div id="a104259" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:118px;"><div style="display:inline-block;width:4.73px"> </div>of which: Financial intermediaries and hedge<div style="display:inline-block;width:3.71px"> </div>funds </div><div id="a104263_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:118px;">0</div><div id="a104266_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:118px;display:flex;">(2)</div><div id="a104269_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:118px;">2</div><div id="a104272_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:118px;">0</div><div id="a104275" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:131.2px;"><div style="display:inline-block;width:4.73px"> </div>of which: Loans to financial advisors </div><div id="a104279_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:131.2px;">0</div><div id="a104282_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:131.2px;">0</div><div id="a104285_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:131.2px;">0</div><div id="a104288_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:131.2px;">0</div><div id="a104291" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:144.5px;">Remeasurements with stage transfers</div><div id="a104292" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:148.955px;top:145.1px;">2</div><div id="a104295_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:406.368px;top:144.5px;display:flex;">(65)</div><div id="a104298_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:498.182px;top:144.5px;">20</div><div id="a104301_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:580.502px;top:144.5px;display:flex;">(39)</div><div id="a104304_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:667.582px;top:144.5px;display:flex;">(46)</div><div id="a104307" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:159.1px;">of which: Private clients with mortgages </div><div id="a104310_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:159.1px;display:flex;">(10)</div><div id="a104313_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:159.1px;">3</div><div id="a104316_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:580.022px;top:159.1px;display:flex;">(12)</div><div id="a104319_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:159.1px;">0</div><div id="a104322" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:172.4px;">of which: Real estate financing </div><div id="a104326_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:172.4px;">7</div><div id="a104329_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:172.4px;display:flex;">(1)</div><div id="a104332_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:172.4px;">8</div><div id="a104335_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:172.4px;">0</div><div id="a104338" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:185.6px;">of which: Large corporate clients </div><div id="a104341_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:185.6px;display:flex;">(33)</div><div id="a104344_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:498.182px;top:185.6px;">16</div><div id="a104347_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:580.022px;top:185.6px;display:flex;">(28)</div><div id="a104350_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:667.102px;top:185.6px;display:flex;">(21)</div><div id="a104353" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:198.9px;">of which: SME clients </div><div id="a104356_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:198.9px;display:flex;">(23)</div><div id="a104359_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:198.9px;">2</div><div id="a104362_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:198.9px;display:flex;">(2)</div><div id="a104365_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:667.102px;top:198.9px;display:flex;">(22)</div><div id="a104368" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:212.6px;">of which: Other </div><div id="a104371_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:212.6px;display:flex;">(6)</div><div id="a104374_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:212.6px;">1</div><div id="a104377_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:212.6px;display:flex;">(4)</div><div id="a104380_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:212.6px;display:flex;">(3)</div><div id="a104383" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:225.8px;"><div style="display:inline-block;width:4.73px"> </div>of which: Financial intermediaries and hedge<div style="display:inline-block;width:3.71px"> </div>funds </div><div id="a104387_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:225.8px;">0</div><div id="a104390_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:225.8px;">0</div><div id="a104393_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:225.8px;">0</div><div id="a104396_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:225.8px;">0</div><div id="a104399" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:239.1px;"><div style="display:inline-block;width:4.73px"> </div>of which: Loans to financial advisors </div><div id="a104403_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:239.1px;">1</div><div id="a104406_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:239.1px;">2</div><div id="a104409_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:239.1px;display:flex;">(1)</div><div id="a104412_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:239.1px;">0</div><div id="a104415" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:252.3px;">Remeasurements without<div style="display:inline-block;width:3.76px"> </div>stage transfers</div><div id="a104416" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:161.248px;top:252.9px;">3</div><div id="a104419_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.102px;top:252.3px;">13</div><div id="a104422_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:498.182px;top:252.3px;display:flex;">(8)</div><div id="a104425_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:580.502px;top:252.3px;display:flex;">(27)</div><div id="a104428_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:672.302px;top:252.3px;">48</div><div id="a104431" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:266.1px;">of which: Private clients with mortgages </div><div id="a104434_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:266.1px;display:flex;">(12)</div><div id="a104437_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:266.1px;">5</div><div id="a104440_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:580.022px;top:266.1px;display:flex;">(18)</div><div id="a104443_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:266.1px;">1</div><div id="a104446" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:279.3px;">of which: Real estate financing </div><div id="a104450_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:279.3px;">13</div><div id="a104453_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:279.3px;">3</div><div id="a104456_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:585.222px;top:279.3px;">10</div><div id="a104459_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:279.3px;">0</div><div id="a104462" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:292.5px;">of which: Large corporate clients </div><div id="a104465_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:292.5px;">32</div><div id="a104468_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.955px;top:292.5px;display:flex;">(11)</div><div id="a104471_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:292.5px;">2</div><div id="a104474_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:672.302px;top:292.5px;">41</div><div id="a104477" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:306.3px;">of which: SME clients </div><div id="a104480_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:306.3px;display:flex;">(6)</div><div id="a104483_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.955px;top:306.3px;display:flex;">(10)</div><div id="a104486_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:306.3px;display:flex;">(9)</div><div id="a104489_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:672.302px;top:306.3px;">14</div><div id="a104492" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:319.5px;">of which: Other </div><div id="a104495_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:319.5px;display:flex;">(15)</div><div id="a104498_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:319.5px;">5</div><div id="a104501_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:580.022px;top:319.5px;display:flex;">(12)</div><div id="a104504_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:319.5px;display:flex;">(8)</div><div id="a104507" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:332.7px;"><div style="display:inline-block;width:4.73px"> </div>of which: Sovereigns </div><div id="a104511_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:332.7px;display:flex;">(8)</div><div id="a104514_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:332.7px;">0</div><div id="a104517_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:332.7px;display:flex;">(8)</div><div id="a104520_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:332.7px;">0</div><div id="a104523" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:346px;"><div style="display:inline-block;width:4.73px"> </div>of which: Loans to financial advisors </div><div id="a104527_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:346px;display:flex;">(3)</div><div id="a104530_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:346px;">3</div><div id="a104533_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:346px;display:flex;">(1)</div><div id="a104536_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:346px;display:flex;">(6)</div><div id="a104539" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:358.8px;">Model changes</div><div id="a104540" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:68.026px;top:359.4px;">4</div><div id="a104543_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.102px;top:358.8px;">30</div><div id="a104546_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:498.182px;top:358.8px;">29</div><div id="a104549_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.955px;top:358.8px;">1</div><div id="a104552_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:677.035px;top:358.8px;">0</div><div id="a104555" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:371.5px;">Movements with profit or loss impact</div><div id="a104556" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:139.502px;top:372.2px;">5</div><div id="a104559_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:406.368px;top:371.5px;display:flex;">(29)</div><div id="a104562_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:498.182px;top:371.5px;">20</div><div id="a104566_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:580.502px;top:371.5px;display:flex;">(49)</div><div id="a104570_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:677.035px;top:371.5px;">0</div><div id="a104573" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:384.3px;">Movements without profit or loss impact<div style="display:inline-block;width:3.76px"> </div>(write-off,<div style="display:inline-block;width:3.72px"> </div>FX and other)</div><div id="a104576" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:242.182px;top:385px;">6</div><div id="a104579_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:405.902px;top:384.3px;">104</div><div id="a104582_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:502.915px;top:384.3px;">3</div><div id="a104585_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.955px;top:384.3px;">1</div><div id="a104588_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:672.302px;top:384.3px;">99</div><div id="a104591" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:397.6px;">Balance as of 31 December 2022 </div><div id="a104595_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:394.075px;top:397.6px;display:flex;">(1,091)</div><div id="a104598_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:488.222px;top:397.6px;display:flex;">(259)</div><div id="a104601_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:575.302px;top:397.6px;display:flex;">(267)</div><div id="a104604_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:662.368px;top:397.6px;display:flex;">(564)</div><div id="a104607" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:411.2px;">1 Represents<div style="display:inline-block;width:3.64px"> </div>the increase<div style="display:inline-block;width:3.48px"> </div>and decrease<div style="display:inline-block;width:4.12px"> </div>in allowances<div style="display:inline-block;width:4.1px"> </div>and provisions<div style="display:inline-block;width:4.07px"> </div>resulting from<div style="display:inline-block;width:3.77px"> </div>financial instruments<div style="display:inline-block;width:4.41px"> </div>(including guarantee<div style="display:inline-block;width:2px"> </div>s<div style="display:inline-block;width:2.68px"> </div>and facilities)<div style="display:inline-block;width:3.95px"> </div>that were<div style="display:inline-block;width:3.95px"> </div>newly originated,<div style="display:inline-block;width:4.26px"> </div>purchased or<div style="display:inline-block;width:3.47px"> </div>renewed and<div style="display:inline-block;width:3.64px"> </div>from the<div style="display:inline-block;width:4.1px"> </div>final </div><div id="a104610" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:421.6px;">derecognition of loans or facilities on their maturity date or earlier.<div style="display:inline-block;width:8.65px"> </div>2 Represents the remeasurement between 12<div style="display:inline-block;width:1.38px"> </div>-month and lifetime ECL due to stage transfers.<div style="display:inline-block;width:8.38px"> </div>3 Represents the change in allowances and provisions </div><div id="a104615" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:431.5px;">related to<div style="display:inline-block;width:4.26px"> </div>changes<div style="display:inline-block;width:3.95px"> </div>in model<div style="display:inline-block;width:4.4px"> </div>inputs<div style="display:inline-block;width:3.85px"> </div>or assumptions,<div style="display:inline-block;width:5.34px"> </div>including<div style="display:inline-block;width:3.62px"> </div>changes<div style="display:inline-block;width:3.95px"> </div>in forward<div style="display:inline-block;width:1.98px"> </div>-looking<div style="display:inline-block;width:3.92px"> </div>macroeconomic<div style="display:inline-block;width:3.6px"> </div>conditions,<div style="display:inline-block;width:4.4px"> </div>changes<div style="display:inline-block;width:3.48px"> </div>in the<div style="display:inline-block;width:4.57px"> </div>exposure<div style="display:inline-block;width:3.93px"> </div>profile,<div style="display:inline-block;width:3.78px"> </div>PD and<div style="display:inline-block;width:4.58px"> </div>LGD<div style="display:inline-block;width:3.46px"> </div>changes,<div style="display:inline-block;width:4.11px"> </div>and<div style="display:inline-block;width:3.47px"> </div>unwinding<div style="display:inline-block;width:3.78px"> </div>of the<div style="display:inline-block;width:4.57px"> </div>time<div style="display:inline-block;width:3.46px"> </div>value.<div style="display:inline-block;width:7.09px"> </div></div><div id="a104619" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:441.9px;">4 Represents the change in the allowances<div style="display:inline-block;width:3.67px"> </div>and provisions related to changes<div style="display:inline-block;width:3.46px"> </div>in models and methodologies.<div style="display:inline-block;width:9.9px"> </div>5 Includes ECL movements<div style="display:inline-block;width:3.46px"> </div>from new and derecognized transactions,<div style="display:inline-block;width:4.27px"> </div>remeasurement changes,<div style="display:inline-block;width:3.79px"> </div>model and </div><div id="a104623" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:451.9px;">methodology changes.<div style="display:inline-block;width:12.76px"> </div>6 Represents<div style="display:inline-block;width:3.64px"> </div>the decrease<div style="display:inline-block;width:4.43px"> </div>in allowances<div style="display:inline-block;width:4.1px"> </div>and provisions<div style="display:inline-block;width:4.07px"> </div>resulting from<div style="display:inline-block;width:4.24px"> </div>write-offs of<div style="display:inline-block;width:4.14px"> </div>the ECL<div style="display:inline-block;width:3.79px"> </div>allowance<div style="display:inline-block;width:3.47px"> </div>against the<div style="display:inline-block;width:3.88px"> </div>gross carrying<div style="display:inline-block;width:4.1px"> </div>amount when<div style="display:inline-block;width:4.41px"> </div>all or<div style="display:inline-block;width:3.78px"> </div>part of<div style="display:inline-block;width:3.47px"> </div>a financial<div style="display:inline-block;width:3.64px"> </div>asset is<div style="display:inline-block;width:3.94px"> </div>deemed </div><div id="a104628" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:461.8px;">uncollectible or forgiven and<div style="display:inline-block;width:3.45px"> </div>movements in foreign exchange<div style="display:inline-block;width:3.77px"> </div>rates.</div></div><div id="TextBlockContainer526" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:220px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a104631" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:0px;">Movements with profit<div style="display:inline-block;width:1.51px"> </div>or loss<div style="display:inline-block;width:2.24px"> </div>impact: </div><div id="a104632" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:219.258px;top:0.3px;">Stages 1<div style="display:inline-block;width:2.3px"> </div>and 2 ECL<div style="display:inline-block;width:1.71px"> </div>allowances and provisions increased<div style="display:inline-block;width:1.86px"> </div>on a net<div style="display:inline-block;width:1.61px"> </div>basis by<div style="display:inline-block;width:2.26px"> </div>USD </div><div id="a104632_77_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:656.512px;top:0.3px;">29</div><div id="a104632_79_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:671.645px;top:0.3px;">m:</div><div id="a104638" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:685.352px;top:0px;"> </div><div id="a104639" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.9px;">–</div><div id="a104640" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:15.8px;"> </div><div id="a104641" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:20.038px;top:15.6px;">Net movement<div style="display:inline-block;width:5.05px"> </div>from new<div style="display:inline-block;width:5.36px"> </div>and derecognized<div style="display:inline-block;width:5.59px"> </div>transactions</div><div id="a104642" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:344.205px;top:15.9px;"><div style="display:inline-block;width:4.25px"> </div>includes USD </div><div id="a104642_14_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:427.434px;top:15.9px;">21</div><div id="a104642_16_27" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:442.567px;top:15.9px;">m stage 1<div style="display:inline-block;width:5.08px"> </div>expenses and<div style="display:inline-block;width:5.54px"> </div>USD </div><div id="a104642_43_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:613.758px;top:15.9px;">16</div><div id="a104642_45_10" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:628.418px;top:15.9px;">m stage 2 </div><div id="a104644" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:31px;">releases: Stage 1 expenses are primarily driven by new loans secured by real estate. The residual<div style="display:inline-block;width:5.11px"> </div>effect is spread across </div><div id="a104646" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:46.2px;">lending segments. Stage 2<div style="display:inline-block;width:5.25px"> </div>releases are largely driven by redemption of<div style="display:inline-block;width:5.16px"> </div>corporate loans in the<div style="display:inline-block;width:5.35px"> </div>Investment Bank. </div><div id="a104650" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.8px;">–</div><div id="a104651" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:61.6px;"> </div><div id="a104652" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:20.038px;top:61.5px;">Remeasurements with<div style="display:inline-block;width:6.39px"> </div>stage transfers</div><div id="a104653" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:235.338px;top:61.8px;"><div style="display:inline-block;width:4.76px"> </div>include USD </div><div id="a104653_13_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:314.817px;top:61.8px;">20</div><div id="a104653_15_30" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:329.95px;top:61.8px;">m releases<div style="display:inline-block;width:5.71px"> </div>in stage<div style="display:inline-block;width:5.98px"> </div>1 and<div style="display:inline-block;width:5.91px"> </div>USD </div><div id="a104653_45_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:511.546px;top:61.8px;">39</div><div id="a104653_47_28" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:526.679px;top:61.8px;">m expenses<div style="display:inline-block;width:5.93px"> </div>in stage<div style="display:inline-block;width:5.5px"> </div>2.<div style="display:inline-block;width:5.04px"> </div>This </div><div id="a104655" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:76.9px;">mainly includes<div style="display:inline-block;width:5.69px"> </div>the transfer of<div style="display:inline-block;width:6.09px"> </div>a few<div style="display:inline-block;width:5.26px"> </div>large corporate<div style="display:inline-block;width:5.67px"> </div>lending<div style="display:inline-block;width:5.33px"> </div>transactions in<div style="display:inline-block;width:5.34px"> </div>the Investment<div style="display:inline-block;width:5.52px"> </div>Bank<div style="display:inline-block;width:5.13px"> </div>from stage<div style="display:inline-block;width:5.26px"> </div>1 to<div style="display:inline-block;width:5.08px"> </div>2 </div><div id="a104659" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:92.5px;">(i.e., releases in<div style="display:inline-block;width:1.64px"> </div>stage 1<div style="display:inline-block;width:2.3px"> </div>and related but<div style="display:inline-block;width:1.84px"> </div>generally higher<div style="display:inline-block;width:2.19px"> </div>expenses in stage<div style="display:inline-block;width:2.12px"> </div>2), driven by<div style="display:inline-block;width:1.98px"> </div>rating downgrades and scenario </div><div id="a104660" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:107.7px;">effects. </div><div id="a104662" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:123.3px;">–</div><div id="a104663" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:123.1px;"> </div><div id="a104664" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:20.038px;top:123px;">Remeasurements<div style="display:inline-block;width:5.35px"> </div>without<div style="display:inline-block;width:5.5px"> </div>stage<div style="display:inline-block;width:5.3px"> </div>transfers</div><div id="a104666" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:255.232px;top:123.3px;"><div style="display:inline-block;width:5.2px"> </div>include<div style="display:inline-block;width:5.4px"> </div>stage<div style="display:inline-block;width:5.3px"> </div>1<div style="display:inline-block;width:5.4px"> </div>expenses<div style="display:inline-block;width:5.03px"> </div>of<div style="display:inline-block;width:5.25px"> </div>USD </div><div id="a104666_33_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:456.688px;top:123.3px;">8</div><div id="a104666_34_30" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:464.254px;top:123.3px;">m<div style="display:inline-block;width:5.05px"> </div>and stage<div style="display:inline-block;width:6.28px"> </div>2 expenses<div style="display:inline-block;width:6.28px"> </div>of<div style="display:inline-block;width:5.25px"> </div>USD </div><div id="a104666_64_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:656.254px;top:123.3px;">27</div><div id="a104666_66_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:671.387px;top:123.3px;">m. </div><div id="a104668" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:138.4px;">These expenses of<div style="display:inline-block;width:1.75px"> </div>USD </div><div id="a104668_22_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:151.506px;top:138.4px;">35</div><div id="a104668_24_49" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:166.639px;top:138.4px;">m relate<div style="display:inline-block;width:1.67px"> </div>to large and<div style="display:inline-block;width:2.03px"> </div>SME corporate lending<div style="display:inline-block;width:2.22px"> </div>(USD </div><div id="a104668_73_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:447.073px;top:138.4px;">28</div><div id="a104668_75_43" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:462.206px;top:138.4px;">m), substantially<div style="display:inline-block;width:1.46px"> </div>due to scenario<div style="display:inline-block;width:2.07px"> </div>effects, </div><div id="a104669" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:153.5px;">and to a single sovereign<div style="display:inline-block;width:5.33px"> </div>counterparty (USD </div><div id="a104669_44_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:273.205px;top:153.5px;">8</div><div id="a104669_45_5" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:280.771px;top:153.5px;">m).<div style="display:inline-block;width:3.87px"> </div></div><div id="a104673" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:169.2px;">–</div><div id="a104674" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:169px;"> </div><div id="a104675" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:169.2px;">Model changes: refer to Note<div style="display:inline-block;width:5.14px"> </div>19b for more information. </div><div id="a104678" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:191.6px;">Movements without profit or loss impact: </div><div id="a104680" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:242.458px;top:191.9px;">Stage 3 allowances decreased by USD </div><div id="a104680_36_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:460.125px;top:191.9px;">99</div><div id="a104680_38_39" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:475.258px;top:191.9px;">m almost entirely due to write-offs of </div><div id="a104685" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:207px;">USD </div><div id="a104685_4_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:33.312px;top:207px;">95</div><div id="a104685_6_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:48.445px;top:207px;">m.</div></div><div id="TextBlockContainer529" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:695px;height:468px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a104731" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Development of ECL allowances<div style="display:inline-block;width:4.15px"> </div>and provisions </div><div id="a104735" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:12.5px;">USD m </div><div id="a104738" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:402.595px;top:12.5px;">Total </div><div id="a104740" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.182px;top:12.5px;">Stage 1 </div><div id="a104742" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:567.262px;top:12.5px;">Stage 2 </div><div id="a104744" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:654.342px;top:12.5px;">Stage 3 </div><div id="a104746" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:25.3px;">Balance as of 31 December 2020 </div><div id="a104749_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.075px;top:25.3px;display:flex;">(1,468)</div><div id="a104752_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:488.222px;top:25.3px;display:flex;">(306)</div><div id="a104755_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.302px;top:25.3px;display:flex;">(333)</div><div id="a104758_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.368px;top:25.3px;display:flex;">(829)</div><div id="a104761" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:38px;">Net movement from new and derecognized<div style="display:inline-block;width:4.27px"> </div>transactions</div><div id="a104762" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:216.608px;top:38.7px;">1</div><div id="a104765_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:406.368px;top:38px;display:flex;">(59)</div><div id="a104768_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:493.422px;top:38px;display:flex;">(72)</div><div id="a104771_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:38px;">13</div><div id="a104774_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:677.035px;top:38px;">0</div><div id="a104777" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:51.3px;">of which: Private clients with mortgages </div><div id="a104781_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:51.3px;display:flex;">(7)</div><div id="a104785_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.955px;top:51.3px;display:flex;">(10)</div><div id="a104788_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:51.3px;">3</div><div id="a104791_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:51.3px;">0</div><div id="a104794" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:64.5px;">of which: Real estate financing </div><div id="a104797_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:64.5px;display:flex;">(7)</div><div id="a104800_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.955px;top:64.5px;display:flex;">(11)</div><div id="a104803_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:64.5px;">4</div><div id="a104806_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:64.5px;">0</div><div id="a104809" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:77.8px;">of which: Large corporate clients </div><div id="a104812_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:77.8px;display:flex;">(13)</div><div id="a104815_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.955px;top:77.8px;display:flex;">(21)</div><div id="a104818_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:77.8px;">7</div><div id="a104821_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:77.8px;">0</div><div id="a104824" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:91px;">of which: SME clients </div><div id="a104827_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:91px;display:flex;">(8)</div><div id="a104830_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:91px;display:flex;">(8)</div><div id="a104833_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:91px;">0</div><div id="a104836_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:91px;">0</div><div id="a104839" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:104.7px;">of which: Other </div><div id="a104842_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:104.7px;display:flex;">(24)</div><div id="a104845_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.955px;top:104.7px;display:flex;">(23)</div><div id="a104848_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:104.7px;display:flex;">(2)</div><div id="a104851_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:104.7px;">0</div><div id="a104854" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:118px;"><div style="display:inline-block;width:4.73px"> </div>of which: Financial intermediaries and hedge<div style="display:inline-block;width:3.71px"> </div>funds </div><div id="a104858_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:118px;display:flex;">(21)</div><div id="a104861_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.955px;top:118px;display:flex;">(18)</div><div id="a104864_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:118px;display:flex;">(4)</div><div id="a104867_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:118px;">0</div><div id="a104870" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:131.2px;"><div style="display:inline-block;width:4.73px"> </div>of which: Loans to financial advisors </div><div id="a104874_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:131.2px;">0</div><div id="a104877_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:131.2px;display:flex;">(1)</div><div id="a104880_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:131.2px;">1</div><div id="a104883_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:131.2px;">0</div><div id="a104886" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:144px;">Remeasurements with stage transfers</div><div id="a104887" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:148.955px;top:144.6px;">2</div><div id="a104890_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:406.368px;top:144px;display:flex;">(40)</div><div id="a104893_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:144px;">8</div><div id="a104896_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.955px;top:144px;">0</div><div id="a104899_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:144px;display:flex;">(49)</div><div id="a104902" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:157.2px;">of which: Private clients with mortgages </div><div id="a104905_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:157.2px;display:flex;">(9)</div><div id="a104908_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:157.2px;">4</div><div id="a104911_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:580.022px;top:157.2px;display:flex;">(13)</div><div id="a104914_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:157.2px;">0</div><div id="a104917" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:170.5px;">of which: Real estate financing </div><div id="a104921_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:170.5px;display:flex;">(3)</div><div id="a104924_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:170.5px;">1</div><div id="a104927_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:170.5px;display:flex;">(4)</div><div id="a104930_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:170.5px;">0</div><div id="a104933" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:183.7px;">of which: Large corporate clients </div><div id="a104936_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:183.7px;">2</div><div id="a104939_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:183.7px;display:flex;">(2)</div><div id="a104942_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:585.222px;top:183.7px;">12</div><div id="a104945_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:183.7px;display:flex;">(8)</div><div id="a104948" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:197.5px;">of which: SME clients </div><div id="a104951_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:197.5px;display:flex;">(27)</div><div id="a104954_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:197.5px;">5</div><div id="a104957_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:197.5px;">4</div><div id="a104960_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:667.102px;top:197.5px;display:flex;">(36)</div><div id="a104963" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:210.7px;">of which: Other </div><div id="a104966_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:210.7px;display:flex;">(3)</div><div id="a104969_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:210.7px;">0</div><div id="a104972_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:210.7px;">2</div><div id="a104975_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:210.7px;display:flex;">(4)</div><div id="a104978" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:223.9px;"><div style="display:inline-block;width:4.73px"> </div>of which: Financial intermediaries and hedge<div style="display:inline-block;width:3.71px"> </div>funds </div><div id="a104982_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:223.9px;">2</div><div id="a104985_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:223.9px;display:flex;">(1)</div><div id="a104988_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:223.9px;">3</div><div id="a104991_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:223.9px;">0</div><div id="a104994" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:237.2px;"><div style="display:inline-block;width:4.73px"> </div>of which: Loans to financial advisors </div><div id="a104998_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:237.2px;">0</div><div id="a105001_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:237.2px;">1</div><div id="a105004_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:237.2px;display:flex;">(1)</div><div id="a105007_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:237.2px;">0</div><div id="a105010" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:250px;">Remeasurements without<div style="display:inline-block;width:3.76px"> </div>stage transfers</div><div id="a105011" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:161.248px;top:250.6px;">3</div><div id="a105014_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.902px;top:250px;">203</div><div id="a105017_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:498.182px;top:250px;">55</div><div id="a105020_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:250px;">74</div><div id="a105023_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.302px;top:250px;">74</div><div id="a105026" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:263.2px;">of which: Private clients with mortgages </div><div id="a105029_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:263.2px;">33</div><div id="a105032_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:263.2px;">8</div><div id="a105035_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:585.222px;top:263.2px;">26</div><div id="a105038_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:263.2px;display:flex;">(1)</div><div id="a105041" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:276.5px;">of which: Real estate financing </div><div id="a105045_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:276.5px;">30</div><div id="a105048_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:498.182px;top:276.5px;">13</div><div id="a105051_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:585.222px;top:276.5px;">13</div><div id="a105054_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:276.5px;">3</div><div id="a105057" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:289.7px;">of which: Large corporate clients </div><div id="a105060_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:289.7px;">44</div><div id="a105063_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:289.7px;">5</div><div id="a105066_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:585.222px;top:289.7px;">21</div><div id="a105069_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:672.302px;top:289.7px;">17</div><div id="a105072" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:303.4px;">of which: SME clients </div><div id="a105075_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:303.4px;">53</div><div id="a105078_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:303.4px;display:flex;">(1)</div><div id="a105081_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:303.4px;">1</div><div id="a105084_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:672.302px;top:303.4px;">53</div><div id="a105087" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:316.7px;">of which: Other </div><div id="a105090_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:316.7px;">44</div><div id="a105093_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:498.182px;top:316.7px;">29</div><div id="a105096_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:585.222px;top:316.7px;">14</div><div id="a105099_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:316.7px;">2</div><div id="a105102" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:329.9px;"><div style="display:inline-block;width:4.73px"> </div>of which: Financial intermediaries and hedge<div style="display:inline-block;width:3.71px"> </div>funds </div><div id="a105106_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:329.9px;">27</div><div id="a105109_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:498.182px;top:329.9px;">15</div><div id="a105112_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:585.222px;top:329.9px;">12</div><div id="a105115_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:329.9px;">0</div><div id="a105118" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:343.2px;"><div style="display:inline-block;width:4.73px"> </div>of which: Loans to financial advisors </div><div id="a105122_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:343.2px;">6</div><div id="a105125_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:343.2px;">8</div><div id="a105128_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:343.2px;">1</div><div id="a105131_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:343.2px;display:flex;">(3)</div><div id="a105134" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:355.9px;">Model changes</div><div id="a105135" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:68.026px;top:356.6px;">4</div><div id="a105138_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:411.102px;top:355.9px;">45</div><div id="a105141_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:498.182px;top:355.9px;">29</div><div id="a105144_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:355.9px;">16</div><div id="a105147_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:677.035px;top:355.9px;">0</div><div id="a105150" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:368.7px;">Movements with profit or loss impact</div><div id="a105151" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:139.502px;top:369.3px;">5</div><div id="a105154_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.902px;top:368.7px;">148</div><div id="a105157_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:498.182px;top:368.7px;">19</div><div id="a105161_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.022px;top:368.7px;">104</div><div id="a105165_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.302px;top:368.7px;">25</div><div id="a105168" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:382px;">Movements without profit or loss impact<div style="display:inline-block;width:3.83px"> </div>(write-off, FX<div style="display:inline-block;width:3.89px"> </div>and other)</div><div id="a105172" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:242.182px;top:382.6px;">6</div><div id="a105175_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.902px;top:382px;">154</div><div id="a105178_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:382px;">5</div><div id="a105181_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.955px;top:382px;">9</div><div id="a105184_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.102px;top:382px;">141</div><div id="a105187" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:395.2px;">Balance as of 31 December 2021 </div><div id="a105190_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.075px;top:395.2px;display:flex;">(1,165)</div><div id="a105193_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:488.222px;top:395.2px;display:flex;">(282)</div><div id="a105196_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.302px;top:395.2px;display:flex;">(220)</div><div id="a105199_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.368px;top:395.2px;display:flex;">(662)</div><div id="a105202" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:409.3px;">1 Represents<div style="display:inline-block;width:3.64px"> </div>the increase<div style="display:inline-block;width:3.48px"> </div>and decrease<div style="display:inline-block;width:4.12px"> </div>in allowances<div style="display:inline-block;width:4.1px"> </div>and provisions<div style="display:inline-block;width:4.07px"> </div>resulting from<div style="display:inline-block;width:3.77px"> </div>financial instruments<div style="display:inline-block;width:4.41px"> </div>(including guarantee<div style="display:inline-block;width:2px"> </div>s<div style="display:inline-block;width:2.68px"> </div>and facilities)<div style="display:inline-block;width:3.96px"> </div>that were<div style="display:inline-block;width:3.95px"> </div>newly originated,<div style="display:inline-block;width:4.26px"> </div>purchased or<div style="display:inline-block;width:3.47px"> </div>renewed and<div style="display:inline-block;width:3.64px"> </div>from the<div style="display:inline-block;width:3.93px"> </div>final </div><div id="a105205" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:419.2px;">derecognition of loans or facilities on their maturity date or earlier.<div style="display:inline-block;width:8.65px"> </div>2 Represents the remeasurement between 12<div style="display:inline-block;width:1.38px"> </div>-month and lifetime ECL due to stage transfers.<div style="display:inline-block;width:8.38px"> </div>3 Represents the change in allowances and provisions </div><div id="a105211" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:429.6px;">related to<div style="display:inline-block;width:4.26px"> </div>changes<div style="display:inline-block;width:3.95px"> </div>in model<div style="display:inline-block;width:4.4px"> </div>inputs<div style="display:inline-block;width:3.78px"> </div>or assumptions,<div style="display:inline-block;width:5.34px"> </div>including<div style="display:inline-block;width:3.62px"> </div>changes<div style="display:inline-block;width:3.95px"> </div>in forward<div style="display:inline-block;width:2.05px"> </div>-looking<div style="display:inline-block;width:3.92px"> </div>macroeconomic<div style="display:inline-block;width:3.6px"> </div>conditions,<div style="display:inline-block;width:4.4px"> </div>changes<div style="display:inline-block;width:3.48px"> </div>in the<div style="display:inline-block;width:4.57px"> </div>exposure<div style="display:inline-block;width:3.93px"> </div>profile,<div style="display:inline-block;width:3.78px"> </div>PD and<div style="display:inline-block;width:4.58px"> </div>LGD<div style="display:inline-block;width:3.46px"> </div>changes,<div style="display:inline-block;width:4.11px"> </div>and<div style="display:inline-block;width:3.47px"> </div>unwinding<div style="display:inline-block;width:3.78px"> </div>of the<div style="display:inline-block;width:4.57px"> </div>time<div style="display:inline-block;width:3.46px"> </div>value.<div style="display:inline-block;width:7.09px"> </div></div><div id="a105214" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:439.6px;">4 Represents the change in the allowances<div style="display:inline-block;width:3.7px"> </div>and provisions related to changes<div style="display:inline-block;width:3.46px"> </div>in models and methodologies.<div style="display:inline-block;width:9.74px"> </div>5 Includes ECL movements<div style="display:inline-block;width:3.46px"> </div>from new and derecognized<div style="display:inline-block;width:3.39px"> </div>transactions, remeasurement<div style="display:inline-block;width:4.25px"> </div>changes, model and </div><div id="a105219" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:449.5px;">methodology changes.<div style="display:inline-block;width:12.76px"> </div>6 Represents<div style="display:inline-block;width:3.64px"> </div>the decrease<div style="display:inline-block;width:4.43px"> </div>in allowa<div style="display:inline-block;width:1.38px"> </div>nces and<div style="display:inline-block;width:3.8px"> </div>provisions resulting<div style="display:inline-block;width:4.22px"> </div>from write<div style="display:inline-block;width:1.63px"> </div>-offs of<div style="display:inline-block;width:3.48px"> </div>the ECL<div style="display:inline-block;width:3.79px"> </div>allowance<div style="display:inline-block;width:3.47px"> </div>against the<div style="display:inline-block;width:3.79px"> </div>gross carrying<div style="display:inline-block;width:4.1px"> </div>amount when<div style="display:inline-block;width:4.41px"> </div>all or<div style="display:inline-block;width:3.78px"> </div>part of<div style="display:inline-block;width:3.47px"> </div>a financial<div style="display:inline-block;width:3.64px"> </div>asset is<div style="display:inline-block;width:3.94px"> </div>deemed </div><div id="a105223" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:459.9px;">uncollectible or forgiven and<div style="display:inline-block;width:3.45px"> </div>movements in foreign exchange<div style="display:inline-block;width:3.77px"> </div>rates.</div></div><div id="TextBlockContainer532" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:75px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a105226" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">As explained<div style="display:inline-block;width:5.23px"> </div>in Note 1a,<div style="display:inline-block;width:5.6px"> </div>the assessment<div style="display:inline-block;width:5.96px"> </div>of a significant<div style="display:inline-block;width:6.31px"> </div>increase<div style="display:inline-block;width:5.23px"> </div>in credit<div style="display:inline-block;width:5.71px"> </div>risk (SICR)<div style="display:inline-block;width:5.68px"> </div>considers a<div style="display:inline-block;width:5.08px"> </div>number<div style="display:inline-block;width:5.03px"> </div>of qualitative </div><div id="a105232" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">and<div style="display:inline-block;width:5.13px"> </div>quantitative factors<div style="display:inline-block;width:5.58px"> </div>to determine<div style="display:inline-block;width:5.79px"> </div>whether a<div style="display:inline-block;width:5.98px"> </div>stage transfer<div style="display:inline-block;width:5.52px"> </div>between<div style="display:inline-block;width:5.08px"> </div>stage 1<div style="display:inline-block;width:5.29px"> </div>and stage 2<div style="display:inline-block;width:5.68px"> </div>is required,<div style="display:inline-block;width:6.5px"> </div>although the </div><div id="a105240" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.7px;">primary assessment considers changes in PD based<div style="display:inline-block;width:2.19px"> </div>on rating analyses and economic<div style="display:inline-block;width:2.11px"> </div>outlook. Additionally,<div style="display:inline-block;width:5.11px"> </div>UBS takes into </div><div id="a105242" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.9px;">consideration counterparties<div style="display:inline-block;width:6.06px"> </div>that have<div style="display:inline-block;width:5.2px"> </div>moved to<div style="display:inline-block;width:5.4px"> </div>a credit<div style="display:inline-block;width:5.61px"> </div>watch list<div style="display:inline-block;width:5.42px"> </div>and those<div style="display:inline-block;width:5.54px"> </div>with payments<div style="display:inline-block;width:5.77px"> </div>that are<div style="display:inline-block;width:5.29px"> </div>at least<div style="display:inline-block;width:5.42px"> </div>30 days </div><div id="a105243" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61px;">past due.</div></div><div id="TextBlockContainer536" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:688px;height:176px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_534_XBRL_TS_d400a7273dcb4a6082fd870b39a0f1e4" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer535" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:688px;height:176px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a105246" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">ECL stage 2 (“significant deterioration<div style="display:inline-block;width:4.66px"> </div>in credit risk”) allowances / provisions<div style="display:inline-block;width:4.17px"> </div>as of 31 December 2022 – classification by trigger </div><div id="a105252" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:38px;">USD m </div><div id="a105255" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:501.022px;top:38px;">Stage 2 </div><div id="a105257" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:544.528px;top:26.2px;">of which: </div><div id="a105258" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:548.342px;top:38px;">PD layer </div><div id="a105260" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:594.688px;top:26.2px;">of which: </div><div id="a105261" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:593.262px;top:38px;">watch list </div><div id="a105263" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:644.848px;top:14.3px;">of which: </div><div id="a105264" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:645.315px;top:26.2px;">≥30 days<div style="display:inline-block;width:2.48px"> </div></div><div id="a105266" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:647.208px;top:38px;">past due </div><div id="a105268" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:50.8px;">On-<div style="display:inline-block;width:2.64px"> </div>and off-balance sheet<div style="display:inline-block;width:3.13px"> </div></div><div id="a105276_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.062px;top:51.7px;display:flex;">(267)</div><div id="a105279_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:558.742px;top:51.7px;display:flex;">(196)</div><div id="a105282_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.635px;top:51.7px;display:flex;">(21)</div><div id="a105285_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.795px;top:51.7px;display:flex;">(50)</div><div id="a105288" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:65.5px;">of which: Private clients with mortgages </div><div id="a105292_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.062px;top:65.5px;display:flex;">(107)</div><div id="a105295_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:563.475px;top:65.5px;display:flex;">(83)</div><div id="a105298_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.568px;top:65.5px;">0</div><div id="a105301_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.795px;top:65.5px;display:flex;">(25)</div><div id="a105304" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:79.6px;">of which: Real estate financing </div><div id="a105307_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:513.782px;top:79.6px;display:flex;">(23)</div><div id="a105310_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:563.475px;top:79.6px;display:flex;">(18)</div><div id="a105313_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.568px;top:79.6px;">0</div><div id="a105316_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.528px;top:79.6px;display:flex;">(5)</div><div id="a105319" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:93.8px;">of which: Large corporate clients </div><div id="a105322_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:513.782px;top:93.8px;display:flex;">(65)</div><div id="a105325_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:563.475px;top:93.8px;display:flex;">(51)</div><div id="a105328_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.635px;top:93.8px;display:flex;">(13)</div><div id="a105331_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.728px;top:93.8px;">0</div><div id="a105334" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:108px;">of which: SME clients </div><div id="a105337_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:513.782px;top:108px;display:flex;">(37)</div><div id="a105340_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:563.475px;top:108px;display:flex;">(22)</div><div id="a105343_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:618.368px;top:108px;display:flex;">(7)</div><div id="a105346_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.528px;top:108px;display:flex;">(7)</div><div id="a105349" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:122.7px;">of which: Financial intermediaries and hedge funds </div><div id="a105352_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:513.782px;top:122.7px;display:flex;">(17)</div><div id="a105355_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:563.475px;top:122.7px;display:flex;">(17)</div><div id="a105358_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.568px;top:122.7px;">0</div><div id="a105361_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.728px;top:122.7px;">0</div><div id="a105364" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:136.9px;">of which: Loans to financial advisors </div><div id="a105367_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:518.515px;top:136.9px;display:flex;">(2)</div><div id="a105370_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.408px;top:136.9px;">0</div><div id="a105373_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.568px;top:136.9px;">0</div><div id="a105376_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.528px;top:136.9px;display:flex;">(2)</div><div id="a105379" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:151.1px;">of which: Credit cards </div><div id="a105382_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:513.782px;top:151.1px;display:flex;">(12)</div><div id="a105385_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.408px;top:151.1px;">0</div><div id="a105388_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.568px;top:151.1px;">0</div><div id="a105392_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:151.1px;display:flex;">(12)</div><div id="a105396" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:165.7px;">of which: Other </div><div id="a105399_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:518.515px;top:165.7px;display:flex;">(5)</div><div id="a105402_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:568.208px;top:165.7px;display:flex;">(5)</div><div id="a105405_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.568px;top:165.7px;">0</div><div id="a105408_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.728px;top:165.7px;">0</div></div></div></div><div id="TextBlockContainer538" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:186px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a105453" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">d) Maximum exposure to credit risk </div><div id="a105458" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.8px;">The<div style="display:inline-block;width:7.3px"> </div>tables<div style="display:inline-block;width:7.09px"> </div>below<div style="display:inline-block;width:7.5px"> </div>provide<div style="display:inline-block;width:7.48px"> </div>the<div style="display:inline-block;width:7.14px"> </div>Group’s<div style="display:inline-block;width:7.99px"> </div>maximum<div style="display:inline-block;width:6.56px"> </div>exposure<div style="display:inline-block;width:7.63px"> </div>to<div style="display:inline-block;width:7.14px"> </div>credit<div style="display:inline-block;width:6.92px"> </div>risk<div style="display:inline-block;width:7.36px"> </div>for<div style="display:inline-block;width:6.99px"> </div>financial<div style="display:inline-block;width:7.3px"> </div>instruments<div style="display:inline-block;width:7.55px"> </div>subject<div style="display:inline-block;width:7.09px"> </div>to<div style="display:inline-block;width:7.14px"> </div>ECL </div><div id="a105462" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.9px;">requirements<div style="display:inline-block;width:6.56px"> </div>and<div style="display:inline-block;width:6.08px"> </div>the<div style="display:inline-block;width:5.72px"> </div>respective<div style="display:inline-block;width:6.3px"> </div>collateral<div style="display:inline-block;width:6px"> </div>and<div style="display:inline-block;width:6.08px"> </div>other<div style="display:inline-block;width:5.77px"> </div>credit<div style="display:inline-block;width:5.98px"> </div>enhancements<div style="display:inline-block;width:6.5px"> </div>mitigating<div style="display:inline-block;width:6.93px"> </div>credit<div style="display:inline-block;width:5.5px"> </div>risk<div style="display:inline-block;width:5.94px"> </div>for<div style="display:inline-block;width:6.04px"> </div>these<div style="display:inline-block;width:5.77px"> </div>classes<div style="display:inline-block;width:5.99px"> </div>of </div><div id="a105463" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:58.5px;">financial instruments.<div style="display:inline-block;width:4.72px"> </div></div><div id="a105465" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:81.2px;">The maximum exposure<div style="display:inline-block;width:6.09px"> </div>to credit risk<div style="display:inline-block;width:5.08px"> </div>includes the<div style="display:inline-block;width:5.13px"> </div>carrying amounts<div style="display:inline-block;width:5.24px"> </div>of financial instruments<div style="display:inline-block;width:5.66px"> </div>recognized on<div style="display:inline-block;width:5.62px"> </div>the balance </div><div id="a105467" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:96.3px;">sheet subject to credit risk<div style="display:inline-block;width:2.07px"> </div>and the notional amounts for off-balance sheet arrangements. Where information is available, </div><div id="a105470" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:111.5px;">collateral is presented<div style="display:inline-block;width:4.91px"> </div>at fair value. For other collateral,<div style="display:inline-block;width:5.53px"> </div>such as real estate,<div style="display:inline-block;width:5.33px"> </div>a reasonable alternative<div style="display:inline-block;width:5.14px"> </div>value is used. Credit </div><div id="a105475" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:127.1px;">enhancements,<div style="display:inline-block;width:6.13px"> </div>such<div style="display:inline-block;width:5.93px"> </div>as<div style="display:inline-block;width:5.72px"> </div>credit<div style="display:inline-block;width:5.5px"> </div>derivative<div style="display:inline-block;width:5.9px"> </div>contracts<div style="display:inline-block;width:5.74px"> </div>and<div style="display:inline-block;width:6.08px"> </div>guarantees,<div style="display:inline-block;width:6.13px"> </div>are<div style="display:inline-block;width:5.76px"> </div>included<div style="display:inline-block;width:6.07px"> </div>at<div style="display:inline-block;width:5.05px"> </div>their<div style="display:inline-block;width:5.47px"> </div>notional<div style="display:inline-block;width:6.12px"> </div>amounts.<div style="display:inline-block;width:6.13px"> </div>Both<div style="display:inline-block;width:5.66px"> </div>are </div><div id="a105476" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:142.3px;">capped<div style="display:inline-block;width:5.13px"> </div>at the<div style="display:inline-block;width:5.68px"> </div>maximum exposure<div style="display:inline-block;width:6.23px"> </div>to credit<div style="display:inline-block;width:5.79px"> </div>risk for<div style="display:inline-block;width:5.94px"> </div>which they<div style="display:inline-block;width:5.83px"> </div>serve as<div style="display:inline-block;width:5.99px"> </div>security. The<div style="display:inline-block;width:6.74px"> </div>“Risk<div style="display:inline-block;width:5.08px"> </div>management and<div style="display:inline-block;width:6.33px"> </div>control” </div><div id="a105478" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:157.9px;">section of this<div style="display:inline-block;width:5.45px"> </div>report describes<div style="display:inline-block;width:6.01px"> </div>management’s view<div style="display:inline-block;width:5.4px"> </div>of credit<div style="display:inline-block;width:5.18px"> </div>risk and<div style="display:inline-block;width:5.75px"> </div>the related exposures,<div style="display:inline-block;width:6.66px"> </div>which can differ<div style="display:inline-block;width:5.02px"> </div>in certain </div><div id="a105481" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:173px;">respects from the requirements of International<div style="display:inline-block;width:5.7px"> </div>Financial Reporting Standards<div style="display:inline-block;width:5.4px"> </div>(IFRS).</div></div><div id="TextBlockContainer542" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:695px;height:766px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_540_XBRL_TS_042c31936b534d37981159e1820a0bbe" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer541" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:695px;height:766px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a105486" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Maximum exposure to credit<div style="display:inline-block;width:4.28px"> </div>risk<div style="display:inline-block;width:2.93px"> </div></div><div id="a105495" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:436.168px;top:13.4px;">31.12.22 </div><div id="a105500" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:355.275px;top:26.2px;">Collateral</div><div id="a105501" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:390.302px;top:26.8px;">1,2</div><div id="a105504" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.622px;top:26.2px;">Credit enhancements</div><div id="a105505" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:593.742px;top:26.8px;">1</div><div id="a105507" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:644.368px;top:26.6px;">Exposure to </div><div id="a105508" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:651.968px;top:38.5px;">credit risk </div><div id="a105509" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:634.915px;top:49.8px;">after collateral </div><div id="a105510" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:650.995px;top:61.7px;">and credit </div><div id="a105511" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:634.915px;top:73.5px;">enhancements </div><div id="a105513" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:73.5px;">USD bn </div><div id="a105516" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:232.728px;top:49.8px;">Maximum </div><div id="a105517" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:226.542px;top:61.7px;">exposure to </div><div id="a105518" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:233.675px;top:73.5px;">credit risk </div><div id="a105520" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.582px;top:49.8px;">Cash </div><div id="a105521" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:290.448px;top:61.7px;">collateral </div><div id="a105522" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:293.755px;top:73.5px;">received </div><div id="a105524" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:330.648px;top:38.5px;">Collateralized </div><div id="a105525" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:347.235px;top:49.8px;">by equity<div style="display:inline-block;width:2.47px"> </div></div><div id="a105527" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:347.702px;top:61.7px;">and debt </div><div id="a105528" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.768px;top:73.5px;">instruments<div style="display:inline-block;width:2.8px"> </div></div><div id="a105530" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:390.302px;top:61.7px;">Secured by </div><div id="a105531" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:392.182px;top:73.5px;">real estate </div><div id="a105533" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.528px;top:61.7px;">Other </div><div id="a105534" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:441.368px;top:73.5px;">collateral</div><div id="a105535" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:474.502px;top:74.1px;">3</div><div id="a105538" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:496.768px;top:73.5px;">Netting </div><div id="a105540" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:554.968px;top:49.8px;">Credit </div><div id="a105541" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:541.688px;top:61.7px;">derivative </div><div id="a105542" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:543.582px;top:73.5px;">contracts </div><div id="a105545" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:587.115px;top:73.5px;">Guarantees<div style="display:inline-block;width:2.82px"> </div></div><div id="a105547" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:85.8px;">Financial assets measured at<div style="display:inline-block;width:3.38px"> </div></div><div id="a105549" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:97.6px;">amortized cost on the balance sheet </div><div id="a105562" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:110.4px;">Cash and balances at central banks </div><div id="a105565_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:247.382px;top:110.4px;">169.4</div><div id="a105576_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:665.688px;top:110.4px;">169.4</div><div id="a105579" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:123.6px;">Loans and advances to banks</div><div id="a105581" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:110.142px;top:124.3px;">4</div><div id="a105584_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:252.115px;top:123.6px;">14.8</div><div id="a105588_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:368.035px;top:123.6px;">0.0</div><div id="a105596_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:616.475px;top:123.6px;">0.1</div><div id="a105599_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:670.408px;top:123.6px;">14.7</div><div id="a105602" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:136.4px;">Receivables from securities financing transactions </div><div id="a105603" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:148.2px;">measured at amortized cost </div><div id="a105606_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:252.115px;top:142.6px;">67.8</div><div id="a105609_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.262px;top:142.6px;">0.0</div><div id="a105612_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:363.315px;top:142.6px;">64.5</div><div id="a105616_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.048px;top:142.6px;">2.4</div><div id="a105623_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:675.142px;top:142.6px;">0.9</div><div id="a105626" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:161.5px;">Cash collateral receivables on derivative<div style="display:inline-block;width:3.86px"> </div>instruments</div><div id="a105627" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:192.968px;top:162.1px;">5,6</div><div id="a105630_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:252.115px;top:161.5px;">35.0</div><div id="a105638_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:506.688px;top:161.5px;">22.9</div><div id="a105643_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:670.408px;top:161.5px;">12.1</div><div id="a105646" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:174.3px;">Loans and advances to customers </div><div id="a105649_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:247.382px;top:174.3px;">387.2</div><div id="a105652_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:306.528px;top:174.3px;">33.6</div><div id="a105655_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:358.582px;top:174.3px;">115.9</div><div id="a105658_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:408.262px;top:174.3px;">197.8</div><div id="a105661_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:460.315px;top:174.3px;">19.6</div><div id="a105667_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:616.475px;top:174.3px;">3.0</div><div id="a105670_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:670.408px;top:174.3px;">17.3</div><div id="a105673" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:187.5px;">Other financial assets measured at amortized cost </div><div id="a105676_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:252.115px;top:187.5px;">53.3</div><div id="a105679_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.262px;top:187.5px;">0.1</div><div id="a105682_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:368.035px;top:187.5px;">0.5</div><div id="a105685_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:417.728px;top:187.5px;">0.0</div><div id="a105688_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.048px;top:187.5px;">1.3</div><div id="a105695_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:670.408px;top:187.5px;">51.3</div><div id="a105698" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:199.8px;">Total financial assets<div style="display:inline-block;width:3.87px"> </div>measured at amortized cost </div><div id="a105701_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:247.382px;top:199.8px;">727.6</div><div id="a105704_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:306.528px;top:199.8px;">33.7</div><div id="a105707_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:358.582px;top:199.8px;">181.0</div><div id="a105710_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:408.262px;top:199.8px;">197.9</div><div id="a105713_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:460.315px;top:199.8px;">23.4</div><div id="a105717_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:506.688px;top:199.8px;">22.9</div><div id="a105720_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:564.422px;top:199.8px;">0.0</div><div id="a105723_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:616.475px;top:199.8px;">3.0</div><div id="a105726_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:665.688px;top:199.8px;">265.8</div><div id="a105729" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:212.6px;">Financial assets measured at<div style="display:inline-block;width:3.79px"> </div>fair value<div style="display:inline-block;width:2.45px"> </div></div><div id="a105731" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:224.4px;">through other comprehensive income – debt </div><div id="a105737_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:256.848px;top:224.4px;">2.2</div><div id="a105748_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:675.142px;top:224.4px;">2.2</div><div id="a105751" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:237.7px;">Total maximum exposure to<div style="display:inline-block;width:3.73px"> </div>credit risk<div style="display:inline-block;width:3px"> </div></div><div id="a105753" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:249.5px;">reflected on the balance sheet within<div style="display:inline-block;width:3.77px"> </div>the scope of ECL </div><div id="a105756_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:247.382px;top:249.9px;">729.8</div><div id="a105759_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:306.528px;top:249.9px;">33.7</div><div id="a105762_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:358.582px;top:249.9px;">181.0</div><div id="a105765_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:408.262px;top:249.9px;">197.9</div><div id="a105768_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:460.315px;top:249.9px;">23.4</div><div id="a105772_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:506.688px;top:249.9px;">22.9</div><div id="a105775_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:564.422px;top:249.9px;">0.0</div><div id="a105778_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:616.475px;top:249.9px;">3.0</div><div id="a105781_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:665.688px;top:249.9px;">268.0</div><div id="a105784" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:262.7px;">Guarantees</div><div id="a105785" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:44.854px;top:263.4px;">7</div><div id="a105788_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:252.115px;top:262.7px;">22.1</div><div id="a105791_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.262px;top:262.7px;">1.2</div><div id="a105794_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:368.035px;top:262.7px;">9.3</div><div id="a105797_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:417.728px;top:262.7px;">0.1</div><div id="a105800_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.048px;top:262.7px;">2.0</div><div id="a105806_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:616.475px;top:262.7px;">1.8</div><div id="a105809_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:675.142px;top:262.7px;">7.7</div><div id="a105812" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:276px;">Loan commitments</div><div id="a105813" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:72.283px;top:276.6px;">7</div><div id="a105816_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:252.115px;top:276px;">39.9</div><div id="a105819_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.262px;top:276px;">0.2</div><div id="a105822_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:368.035px;top:276px;">3.1</div><div id="a105825_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:417.728px;top:276px;">1.3</div><div id="a105828_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.048px;top:276px;">6.5</div><div id="a105833_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:564.422px;top:276px;">0.1</div><div id="a105836_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:616.475px;top:276px;">1.0</div><div id="a105839_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:670.408px;top:276px;">27.8</div><div id="a105842" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:288.8px;">Forward starting transactions,<div style="display:inline-block;width:4.04px"> </div>reverse repurchase </div><div id="a105844" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:300.6px;">and securities borrowing agreements </div><div id="a105847_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:256.848px;top:300.6px;">3.8</div><div id="a105851_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:368.035px;top:300.6px;">3.8</div><div id="a105860_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:675.142px;top:300.6px;">0.0</div><div id="a105863" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:313.3px;">Committed unconditionally revocable credit lines </div><div id="a105868_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:252.115px;top:313.3px;">41.4</div><div id="a105871_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.262px;top:313.3px;">0.2</div><div id="a105874_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:368.035px;top:313.3px;">8.2</div><div id="a105877_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:417.728px;top:313.3px;">6.0</div><div id="a105880_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.048px;top:313.3px;">6.2</div><div id="a105886_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:616.475px;top:313.3px;">0.5</div><div id="a105889_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:670.408px;top:313.3px;">20.2</div><div id="a105892" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:326.1px;">Total maximum exposure to<div style="display:inline-block;width:3.73px"> </div>credit risk not<div style="display:inline-block;width:2.86px"> </div></div><div id="a105894" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:337.5px;">reflected on the balance sheet within<div style="display:inline-block;width:3.77px"> </div>the scope of ECL </div><div id="a105897_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:247.382px;top:337.5px;">107.2</div><div id="a105900_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.262px;top:337.5px;">1.6</div><div id="a105903_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:363.315px;top:337.5px;">24.4</div><div id="a105906_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:417.728px;top:337.5px;">7.5</div><div id="a105909_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:460.315px;top:337.5px;">14.7</div><div id="a105913_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:511.422px;top:337.5px;">0.0</div><div id="a105916_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:564.422px;top:337.5px;">0.1</div><div id="a105919_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:616.475px;top:337.5px;">3.3</div><div id="a105922_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:670.408px;top:337.5px;">55.7</div><div id="a105939" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:436.168px;top:354.5px;">31.12.21 </div><div id="a105944" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:355.275px;top:366.8px;">Collateral</div><div id="a105945" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:389.822px;top:367.5px;">1,2</div><div id="a105948" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:516.622px;top:366.8px;">Credit enhancements</div><div id="a105949" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:593.262px;top:367.5px;">1</div><div id="a105951" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.848px;top:367.3px;">Exposure to </div><div id="a105952" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.448px;top:379.1px;">credit risk </div><div id="a105953" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.382px;top:390.9px;">after collateral </div><div id="a105954" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:650.995px;top:402.3px;">and credit </div><div id="a105955" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:634.915px;top:414.1px;">enhancements </div><div id="a105957" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:414.1px;">USD bn </div><div id="a105960" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:233.675px;top:390.9px;">Maximum </div><div id="a105961" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:226.542px;top:402.3px;">exposure to </div><div id="a105962" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:234.142px;top:414.1px;">credit risk </div><div id="a105964" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.062px;top:390.9px;">Cash </div><div id="a105965" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:290.928px;top:402.3px;">collateral </div><div id="a105966" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:293.755px;top:414.1px;">received </div><div id="a105968" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.115px;top:379.1px;">Collateralized </div><div id="a105969" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:347.235px;top:390.9px;">by equity<div style="display:inline-block;width:2.47px"> </div></div><div id="a105971" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:347.702px;top:402.3px;">and debt </div><div id="a105972" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.248px;top:414.1px;">instruments<div style="display:inline-block;width:2.79px"> </div></div><div id="a105974" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:390.302px;top:402.3px;">Secured by </div><div id="a105975" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.182px;top:414.1px;">real estate </div><div id="a105977" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.528px;top:402.3px;">Other </div><div id="a105978" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:441.368px;top:414.1px;">collateral</div><div id="a105979" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:474.035px;top:414.8px;">3</div><div id="a105982" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:496.768px;top:414.1px;">Netting </div><div id="a105984" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:554.968px;top:390.9px;">Credit </div><div id="a105985" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:542.168px;top:402.3px;">derivative </div><div id="a105986" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:543.582px;top:414.1px;">contracts </div><div id="a105988" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.595px;top:414.1px;">Guarantees<div style="display:inline-block;width:2.82px"> </div></div><div id="a105990" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:426.4px;">Financial assets measured at<div style="display:inline-block;width:3.38px"> </div></div><div id="a105992" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:438.2px;">amortized cost on the balance sheet </div><div id="a106005" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:451px;">Cash and balances at central banks </div><div id="a106008_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:247.382px;top:451px;">192.8</div><div id="a106019_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.688px;top:451px;">192.8</div><div id="a106022" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:464.3px;">Loans and advances to banks</div><div id="a106023" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:110.142px;top:464.9px;">4</div><div id="a106026_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:252.115px;top:464.3px;">15.5</div><div id="a106030_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:368.515px;top:464.3px;">0.1</div><div id="a106038_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.942px;top:464.3px;">0.1</div><div id="a106041_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.408px;top:464.3px;">15.3</div><div id="a106044" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:477px;">Receivables from securities financing transactions </div><div id="a106045" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:488.9px;">measured at amortized cost </div><div id="a106048_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:252.115px;top:483.2px;">75.0</div><div id="a106051_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:483.2px;">0.0</div><div id="a106054_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.315px;top:483.2px;">68.0</div><div id="a106058_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.515px;top:483.2px;">6.9</div><div id="a106065_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.622px;top:483.2px;">0.0</div><div id="a106068" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:502.1px;">Cash collateral receivables on derivative<div style="display:inline-block;width:3.86px"> </div>instruments</div><div id="a106069" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:192.968px;top:502.7px;">5,6</div><div id="a106072_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:252.115px;top:502.1px;">30.5</div><div id="a106080_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.688px;top:502.1px;">18.4</div><div id="a106085_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.408px;top:502.1px;">12.1</div><div id="a106088" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:514.9px;">Loans and advances to customers </div><div id="a106091_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:247.382px;top:514.9px;">397.8</div><div id="a106094_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:514.9px;">37.5</div><div id="a106097_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:358.582px;top:514.9px;">128.7</div><div id="a106100_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.262px;top:514.9px;">191.3</div><div id="a106103_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.315px;top:514.9px;">20.2</div><div id="a106109_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.942px;top:514.9px;">4.0</div><div id="a106112_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.408px;top:514.9px;">16.2</div><div id="a106115" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:528.1px;">Other financial assets measured at amortized cost </div><div id="a106118_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:252.115px;top:528.1px;">26.2</div><div id="a106121_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:528.1px;">0.2</div><div id="a106124_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:368.515px;top:528.1px;">0.1</div><div id="a106127_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.195px;top:528.1px;">0.0</div><div id="a106130_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.515px;top:528.1px;">1.3</div><div id="a106137_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.408px;top:528.1px;">24.6</div><div id="a106140" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:541.9px;">Total financial assets<div style="display:inline-block;width:3.87px"> </div>measured at amortized cost </div><div id="a106143_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:247.382px;top:541.9px;">737.8</div><div id="a106146_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:541.9px;">37.7</div><div id="a106149_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:358.582px;top:541.9px;">196.9</div><div id="a106152_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.262px;top:541.9px;">191.3</div><div id="a106155_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.315px;top:541.9px;">28.4</div><div id="a106159_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.688px;top:541.9px;">18.4</div><div id="a106162_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.422px;top:541.9px;">0.0</div><div id="a106165_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.475px;top:541.9px;">4.0</div><div id="a106168_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.688px;top:541.9px;">261.0</div><div id="a106171" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:556.5px;">Financial assets measured at<div style="display:inline-block;width:3.79px"> </div>fair value<div style="display:inline-block;width:2.45px"> </div></div><div id="a106173" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:568.3px;">through other comprehensive income – debt </div><div id="a106179_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:256.848px;top:568.3px;">8.8</div><div id="a106190_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.142px;top:568.3px;">8.8</div><div id="a106193" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:582.5px;">Total maximum exposure to<div style="display:inline-block;width:3.73px"> </div>credit risk<div style="display:inline-block;width:3px"> </div></div><div id="a106195" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:594.4px;">reflected on the balance sheet within<div style="display:inline-block;width:3.77px"> </div>the scope of ECL </div><div id="a106198_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:247.382px;top:595.8px;">746.6</div><div id="a106201_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:595.8px;">37.7</div><div id="a106204_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:358.582px;top:595.8px;">196.9</div><div id="a106207_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.262px;top:595.8px;">191.3</div><div id="a106210_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.315px;top:595.8px;">28.4</div><div id="a106214_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.688px;top:595.8px;">18.4</div><div id="a106217_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.422px;top:595.8px;">0.0</div><div id="a106220_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.475px;top:595.8px;">4.0</div><div id="a106223_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.688px;top:595.8px;">269.8</div><div id="a106226" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:608.6px;">Guarantees</div><div id="a106227" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:44.854px;top:609.2px;">7</div><div id="a106230_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:252.115px;top:608.6px;">20.9</div><div id="a106233_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:608.6px;">1.3</div><div id="a106236_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:368.515px;top:608.6px;">6.5</div><div id="a106239_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.195px;top:608.6px;">0.2</div><div id="a106242_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.515px;top:608.6px;">2.5</div><div id="a106248_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.942px;top:608.6px;">2.3</div><div id="a106251_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.622px;top:608.6px;">8.1</div><div id="a106254" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:621.8px;">Loan commitments</div><div id="a106255" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:72.283px;top:622.5px;">7</div><div id="a106258_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:252.115px;top:621.8px;">39.4</div><div id="a106261_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:621.8px;">0.5</div><div id="a106264_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:368.515px;top:621.8px;">4.0</div><div id="a106267_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.195px;top:621.8px;">2.4</div><div id="a106270_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.515px;top:621.8px;">7.3</div><div id="a106275_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.888px;top:621.8px;">0.3</div><div id="a106278_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.942px;top:621.8px;">1.7</div><div id="a106281_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.408px;top:621.8px;">23.1</div><div id="a106284" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:635.1px;">Forward starting transactions,<div style="display:inline-block;width:4.04px"> </div>reverse repurchase </div><div id="a106286" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:646.4px;">and securities borrowing agreements </div><div id="a106289_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:257.315px;top:646.4px;">1.4</div><div id="a106293_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:368.515px;top:646.4px;">1.4</div><div id="a106302_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.622px;top:646.4px;">0.0</div><div id="a106305" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:659.6px;">Committed unconditionally revocable credit lines </div><div id="a106308_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:252.115px;top:659.6px;">40.7</div><div id="a106311_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:659.6px;">0.3</div><div id="a106314_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:368.515px;top:659.6px;">9.0</div><div id="a106317_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.195px;top:659.6px;">6.2</div><div id="a106320_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.515px;top:659.6px;">3.9</div><div id="a106326_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.942px;top:659.6px;">0.5</div><div id="a106329_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.408px;top:659.6px;">20.9</div><div id="a106332" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:672px;">Total maximum exposure to<div style="display:inline-block;width:3.73px"> </div>credit risk not<div style="display:inline-block;width:2.86px"> </div></div><div id="a106334" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:683.8px;">reflected on the balance sheet within<div style="display:inline-block;width:3.77px"> </div>the scope of ECL </div><div id="a106337_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:247.382px;top:683.8px;">102.5</div><div id="a106340_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.262px;top:683.8px;">2.2</div><div id="a106343_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.315px;top:683.8px;">20.9</div><div id="a106346_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:417.728px;top:683.8px;">8.7</div><div id="a106349_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.315px;top:683.8px;">13.7</div><div id="a106353_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.422px;top:683.8px;">0.0</div><div id="a106356_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.422px;top:683.8px;">0.3</div><div id="a106359_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.475px;top:683.8px;">4.5</div><div id="a106362_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.408px;top:683.8px;">52.1</div><div id="a106365" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:697.4px;">1 Of which: USD </div><div id="a106365_16_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:56.644px;top:697.4px;">1,372</div><div id="a106365_21_46" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:75.56px;top:697.4px;">m for 31 December 2022 (31 December 2021: USD </div><div id="a106365_67_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:237.766px;top:697.4px;">1,443</div><div id="a106365_72_88" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:256.682px;top:697.4px;">m) relates to total credit-impaired financial assets measured<div style="display:inline-block;width:3.53px"> </div>at amortized cost and USD </div><div id="a106365_160_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:529.742px;top:697.4px;">113</div><div id="a106365_163_42" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:542.511px;top:697.4px;">m for 31 December 2022 (31 December<div style="display:inline-block;width:3.42px"> </div>2021: </div><div id="a106368" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:707.3px;">USD </div><div id="a106368_4_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.339px;top:707.3px;">130</div><div id="a106368_7_219" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:31.107px;top:707.3px;">m) to total off-balance sheet financial instruments and credit lines for credit-impaired positions.<div style="display:inline-block;width:8.37px"> </div>2 Collateral arrangements generally incorporate<div style="display:inline-block;width:3.94px"> </div>a range of collateral, including cash, equity and debt instruments, </div><div id="a106376" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:717.7px;">real estate and other collateral. UBS<div style="display:inline-block;width:3.65px"> </div>applies a risk-based approach<div style="display:inline-block;width:3.59px"> </div>that generally<div style="display:inline-block;width:2.76px"> </div>prioritizes collateral according<div style="display:inline-block;width:3.92px"> </div>to its liquidity profile.<div style="display:inline-block;width:9.13px"> </div>3 Includes but is not limited to<div style="display:inline-block;width:3.41px"> </div>life insurance contracts,<div style="display:inline-block;width:3.79px"> </div>inventory,<div style="display:inline-block;width:3.52px"> </div>mortgage loans, </div><div id="a106382" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:727.7px;">gold and other commodities.<div style="display:inline-block;width:8.96px"> </div>4 Loans and advances<div style="display:inline-block;width:3.72px"> </div>to banks include amounts held with<div style="display:inline-block;width:3.47px"> </div>third-party banks on<div style="display:inline-block;width:3.17px"> </div>behalf of clients. The<div style="display:inline-block;width:3.49px"> </div>credit risk associated with these<div style="display:inline-block;width:3.64px"> </div>balances may be borne by those clients.<div style="display:inline-block;width:9.8px"> </div>5 Included </div><div id="a106390" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:738.1px;">within Cash collateral<div style="display:inline-block;width:4.25px"> </div>receivables on derivative<div style="display:inline-block;width:4.06px"> </div>instruments are<div style="display:inline-block;width:3.62px"> </div>margin balances<div style="display:inline-block;width:3.79px"> </div>due from exchanges<div style="display:inline-block;width:3.95px"> </div>or clearing houses.<div style="display:inline-block;width:3.62px"> </div>Some<div style="display:inline-block;width:3.55px"> </div>of these margin<div style="display:inline-block;width:3.63px"> </div>balances reflect<div style="display:inline-block;width:4px"> </div>amounts transferred on<div style="display:inline-block;width:3.46px"> </div>behalf of clients<div style="display:inline-block;width:3.95px"> </div>who retain the </div><div id="a106393" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:748px;">associated credit<div style="display:inline-block;width:3.79px"> </div>risk.<div style="display:inline-block;width:11.35px"> </div>6 The<div style="display:inline-block;width:3.4px"> </div>amount shown<div style="display:inline-block;width:3.93px"> </div>in the<div style="display:inline-block;width:4.1px"> </div>“Netting” column<div style="display:inline-block;width:4.27px"> </div>represents the<div style="display:inline-block;width:4.42px"> </div>netting potential<div style="display:inline-block;width:4.41px"> </div>not recognized<div style="display:inline-block;width:3.93px"> </div>on the<div style="display:inline-block;width:3.78px"> </div>balance sheet.<div style="display:inline-block;width:4.12px"> </div>Refer to<div style="display:inline-block;width:3.94px"> </div>Note 21<div style="display:inline-block;width:3.43px"> </div>for more<div style="display:inline-block;width:3.93px"> </div>information.<div style="display:inline-block;width:11.33px"> </div>7 The<div style="display:inline-block;width:3.4px"> </div>amount<div style="display:inline-block;width:3.62px"> </div>shown in<div style="display:inline-block;width:3.62px"> </div>the </div><div id="a106401" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:758px;">“Guarantees” column includes<div style="display:inline-block;width:3.65px"> </div>sub-participations.</div></div></div></div><div id="TextBlockContainer544" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:101px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a106443" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">e) Financial assets subject to credit risk<div style="display:inline-block;width:5.18px"> </div>by rating category </div><div id="a106448" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.8px;">The table below<div style="display:inline-block;width:5.49px"> </div>shows the<div style="display:inline-block;width:5.02px"> </div>credit quality and<div style="display:inline-block;width:5.48px"> </div>the maximum exposure<div style="display:inline-block;width:5.19px"> </div>to credit risk<div style="display:inline-block;width:5.08px"> </div>based<div style="display:inline-block;width:5.18px"> </div>on the Group’s<div style="display:inline-block;width:5.79px"> </div>internal credit </div><div id="a106452" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.9px;">rating system and year-end stage classification. Under IFRS 9, the credit risk rating reflects the Group’s assessment of the </div><div id="a106459" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:58.5px;">probability of default of individual counterparties,<div style="display:inline-block;width:4.07px"> </div>prior to substitutions. The amounts presented are gross<div style="display:inline-block;width:5.16px"> </div>of impairment </div><div id="a106469" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:73.7px;">allowances. </div><div id="a106471" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:85.3px;">›</div><div id="a106472" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:85.6px;"> </div><div id="a106473" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:90.2px;">Refer to the “Risk<div style="display:inline-block;width:1.45px"> </div>management and<div style="display:inline-block;width:1.21px"> </div>control” section of<div style="display:inline-block;width:1.69px"> </div>this report for more<div style="display:inline-block;width:1.54px"> </div>details regarding the<div style="display:inline-block;width:1.24px"> </div>Group’s internal grading system</div></div><div id="TextBlockContainer547" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:395px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a106488" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Financial assets subject to credit risk by<div style="display:inline-block;width:4.27px"> </div>rating category </div><div id="a106491" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:12.5px;">USD m </div><div id="a106494" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:446.608px;top:12.5px;">31.12.22 </div><div id="a106496" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:71.6px;">Rating category</div><div id="a106497" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:60.932px;top:72.2px;">1</div><div id="a106500" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:271.035px;top:71.6px;">0–1 </div><div id="a106504" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:313.622px;top:71.6px;">2–3 </div><div id="a106508" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:356.688px;top:71.6px;">4–5 </div><div id="a106512" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:399.755px;top:71.6px;">6–8 </div><div id="a106516" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.062px;top:71.6px;">9–13 </div><div id="a106520" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:489.168px;top:48.4px;">Credit-</div><div id="a106522" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:482.542px;top:59.7px;">impaired </div><div id="a106523" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:474.502px;top:71.6px;">(defaulted) </div><div id="a106525" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:522.768px;top:48.4px;">Total gross </div><div id="a106526" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:533.648px;top:59.7px;">carrying </div><div id="a106527" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:534.595px;top:71.6px;">amount </div><div id="a106529" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.582px;top:59.7px;">ECL </div><div id="a106530" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:570.102px;top:71.6px;">allowances </div><div id="a106532" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:634.448px;top:24.7px;">Net carrying </div><div id="a106533" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:650.515px;top:36.6px;">amount </div><div id="a106534" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:640.595px;top:48.4px;">(maximum </div><div id="a106535" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:636.328px;top:59.7px;">exposure to </div><div id="a106536" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:641.062px;top:71.6px;">credit risk) </div><div id="a106538" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:83.9px;">Financial assets measured at amortized<div style="display:inline-block;width:3.86px"> </div>cost </div><div id="a106550" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:96.2px;">Cash and balances at central banks </div><div id="a106554_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:254.475px;top:96.2px;">168,525</div><div id="a106557_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:313.622px;top:96.2px;">877</div><div id="a106560_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:96.2px;">0</div><div id="a106563_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:409.688px;top:96.2px;">0</div><div id="a106566_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.022px;top:96.2px;">56</div><div id="a106569_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.528px;top:96.2px;">0</div><div id="a106572_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.288px;top:96.2px;">169,457</div><div id="a106575_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:96.2px;display:flex;">(12)</div><div id="a106578_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.688px;top:96.2px;">169,445</div><div id="a106581" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:108.5px;">of which: stage 1 </div><div id="a106584_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:254.475px;top:108.5px;">168,525</div><div id="a106587_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:313.622px;top:108.5px;">877</div><div id="a106590_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:108.5px;">0</div><div id="a106593_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:108.5px;">0</div><div id="a106596_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:108.5px;">0</div><div id="a106599_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:108.5px;">0</div><div id="a106602_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:531.288px;top:108.5px;">169,402</div><div id="a106605_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:605.595px;top:108.5px;">0</div><div id="a106608_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:647.688px;top:108.5px;">169,402</div><div id="a106611" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:121.7px;">of which: stage 2 </div><div id="a106614_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:280.955px;top:121.7px;">0</div><div id="a106617_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:121.7px;">0</div><div id="a106620_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:121.7px;">0</div><div id="a106623_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:121.7px;">0</div><div id="a106626_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:448.022px;top:121.7px;">56</div><div id="a106629_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:121.7px;">0</div><div id="a106632_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:553.075px;top:121.7px;">56</div><div id="a106635_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:595.635px;top:121.7px;display:flex;">(12)</div><div id="a106638_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.475px;top:121.7px;">44</div><div id="a106641" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:134px;">Loans and advances to banks </div><div id="a106644_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:271.035px;top:134px;">862</div><div id="a106647_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:301.795px;top:134px;">12,257</div><div id="a106650_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:134px;">860</div><div id="a106653_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:399.755px;top:134px;">440</div><div id="a106656_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:442.822px;top:134px;">379</div><div id="a106659_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.528px;top:134px;">0</div><div id="a106662_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.008px;top:134px;">14,798</div><div id="a106665_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.862px;top:134px;display:flex;">(6)</div><div id="a106668_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.448px;top:134px;">14,792</div><div id="a106671" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:146.3px;">of which: stage 1 </div><div id="a106674_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:271.035px;top:146.3px;">862</div><div id="a106677_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:301.795px;top:146.3px;">12,257</div><div id="a106680_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:356.688px;top:146.3px;">860</div><div id="a106683_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.755px;top:146.3px;">440</div><div id="a106686_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:146.3px;">378</div><div id="a106689_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:146.3px;">0</div><div id="a106692_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:536.008px;top:146.3px;">14,797</div><div id="a106695_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:600.395px;top:146.3px;display:flex;">(5)</div><div id="a106698_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:652.448px;top:146.3px;">14,792</div><div id="a106701" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:159.6px;">of which: stage 2 </div><div id="a106704_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:280.955px;top:159.6px;">0</div><div id="a106707_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:159.6px;">0</div><div id="a106710_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:159.6px;">0</div><div id="a106713_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:159.6px;">0</div><div id="a106716_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:159.6px;">1</div><div id="a106719_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:159.6px;">0</div><div id="a106722_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:557.795px;top:159.6px;">1</div><div id="a106725_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:600.395px;top:159.6px;display:flex;">(1)</div><div id="a106728_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:674.195px;top:159.6px;">1</div><div id="a106731" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:172.4px;">of which: stage 3 </div><div id="a106734_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:280.955px;top:172.4px;">0</div><div id="a106737_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:172.4px;">0</div><div id="a106740_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:172.4px;">0</div><div id="a106743_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:172.4px;">0</div><div id="a106746_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:172.4px;">0</div><div id="a106749_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:172.4px;">0</div><div id="a106752_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:557.795px;top:172.4px;">0</div><div id="a106755_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:605.595px;top:172.4px;">0</div><div id="a106758_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:674.195px;top:172.4px;">0</div><div id="a106761" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:184.7px;">Receivables from securities<div style="display:inline-block;width:3.89px"> </div>financing transactions measured at </div><div id="a106763" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:196.5px;">amortized cost </div><div id="a106766_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:259.208px;top:196.5px;">27,158</div><div id="a106769_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:301.795px;top:196.5px;">15,860</div><div id="a106772_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:349.595px;top:196.5px;">8,870</div><div id="a106775_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.902px;top:196.5px;">15,207</div><div id="a106778_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:442.822px;top:196.5px;">721</div><div id="a106781_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.528px;top:196.5px;">0</div><div id="a106784_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.008px;top:196.5px;">67,816</div><div id="a106787_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.862px;top:196.5px;display:flex;">(2)</div><div id="a106790_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.448px;top:196.5px;">67,814</div><div id="a106793" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:208.8px;">of which: stage 1 </div><div id="a106796_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:259.208px;top:208.8px;">27,158</div><div id="a106799_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:301.795px;top:208.8px;">15,860</div><div id="a106802_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:349.595px;top:208.8px;">8,870</div><div id="a106805_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:387.902px;top:208.8px;">15,207</div><div id="a106808_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:208.8px;">721</div><div id="a106811_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:208.8px;">0</div><div id="a106814_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:536.008px;top:208.8px;">67,816</div><div id="a106817_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:600.395px;top:208.8px;display:flex;">(2)</div><div id="a106820_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:652.448px;top:208.8px;">67,814</div><div id="a106823" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:221.1px;">Cash collateral receivables on<div style="display:inline-block;width:3.94px"> </div>derivative instruments </div><div id="a106826_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:259.208px;top:221.1px;">10,613</div><div id="a106829_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:301.795px;top:221.1px;">12,977</div><div id="a106832_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:349.595px;top:221.1px;">7,138</div><div id="a106835_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:221.1px;">4,157</div><div id="a106838_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:442.822px;top:221.1px;">147</div><div id="a106841_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.528px;top:221.1px;">0</div><div id="a106844_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.008px;top:221.1px;">35,033</div><div id="a106847_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.595px;top:221.1px;">0</div><div id="a106850_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.448px;top:221.1px;">35,032</div><div id="a106853" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:233.4px;">of which: stage 1 </div><div id="a106856_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:259.208px;top:233.4px;">10,613</div><div id="a106859_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:301.795px;top:233.4px;">12,977</div><div id="a106862_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:349.595px;top:233.4px;">7,138</div><div id="a106865_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:233.4px;">4,157</div><div id="a106868_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:233.4px;">147</div><div id="a106871_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:233.4px;">0</div><div id="a106874_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:536.008px;top:233.4px;">35,033</div><div id="a106877_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:605.595px;top:233.4px;">0</div><div id="a106880_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:652.448px;top:233.4px;">35,032</div><div id="a106883" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:246.2px;">Loans and advances to customers </div><div id="a106886_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:263.942px;top:246.2px;">6,491</div><div id="a106889_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:297.075px;top:246.2px;">214,473</div><div id="a106892_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.862px;top:246.2px;">68,356</div><div id="a106895_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.902px;top:246.2px;">74,732</div><div id="a106898_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.968px;top:246.2px;">21,939</div><div id="a106901_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:492.475px;top:246.2px;">2,012</div><div id="a106904_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.288px;top:246.2px;">388,003</div><div id="a106907_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:590.902px;top:246.2px;display:flex;">(783)</div><div id="a106910_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.688px;top:246.2px;">387,220</div><div id="a106913" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:258.5px;">of which: stage 1 </div><div id="a106916_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:263.942px;top:258.5px;">6,491</div><div id="a106919_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:297.075px;top:258.5px;">212,980</div><div id="a106922_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.862px;top:258.5px;">66,114</div><div id="a106925_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:387.902px;top:258.5px;">68,034</div><div id="a106928_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:430.968px;top:258.5px;">16,605</div><div id="a106931_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:258.5px;">0</div><div id="a106934_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:531.288px;top:258.5px;">370,224</div><div id="a106937_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:590.902px;top:258.5px;display:flex;">(129)</div><div id="a106940_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:647.688px;top:258.5px;">370,095</div><div id="a106943" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:271.2px;">of which: stage 2 </div><div id="a106946_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:280.955px;top:271.2px;">0</div><div id="a106949_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:306.528px;top:271.2px;">1,493</div><div id="a106952_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:349.595px;top:271.2px;">2,242</div><div id="a106955_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:271.2px;">6,698</div><div id="a106958_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:271.2px;">5,334</div><div id="a106961_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:271.2px;">0</div><div id="a106964_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:536.008px;top:271.2px;">15,767</div><div id="a106967_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:590.902px;top:271.2px;display:flex;">(180)</div><div id="a106970_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:652.448px;top:271.2px;">15,587</div><div id="a106973" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:284.5px;">of which: stage 3 </div><div id="a106976_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:280.955px;top:284.5px;">0</div><div id="a106979_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:284.5px;">0</div><div id="a106982_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:284.5px;">0</div><div id="a106985_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:284.5px;">0</div><div id="a106988_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:284.5px;">0</div><div id="a106991_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.475px;top:284.5px;">2,012</div><div id="a106994_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:540.742px;top:284.5px;">2,012</div><div id="a106997_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:590.902px;top:284.5px;display:flex;">(474)</div><div id="a107000_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:657.168px;top:284.5px;">1,538</div><div id="a107003" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:296.8px;">Other financial assets measured at<div style="display:inline-block;width:4.03px"> </div>amortized cost </div><div id="a107007_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:259.208px;top:296.8px;">29,011</div><div id="a107010_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:301.795px;top:296.8px;">16,632</div><div id="a107013_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:296.8px;">447</div><div id="a107016_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:296.8px;">6,600</div><div id="a107019_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:442.822px;top:296.8px;">450</div><div id="a107022_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:499.595px;top:296.8px;">210</div><div id="a107025_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.008px;top:296.8px;">53,350</div><div id="a107028_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:296.8px;display:flex;">(86)</div><div id="a107031_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.448px;top:296.8px;">53,264</div><div id="a107034" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:309.1px;">of which: stage 1 </div><div id="a107037_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:259.208px;top:309.1px;">29,011</div><div id="a107040_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:301.795px;top:309.1px;">16,630</div><div id="a107043_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:356.688px;top:309.1px;">427</div><div id="a107046_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:309.1px;">6,317</div><div id="a107049_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:309.1px;">336</div><div id="a107052_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:309.1px;">0</div><div id="a107055_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:536.008px;top:309.1px;">52,721</div><div id="a107058_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:595.635px;top:309.1px;display:flex;">(17)</div><div id="a107061_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:652.448px;top:309.1px;">52,704</div><div id="a107064" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:322.3px;">of which: stage 2 </div><div id="a107067_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:280.955px;top:322.3px;">0</div><div id="a107070_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:322.3px;">2</div><div id="a107073_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:361.888px;top:322.3px;">20</div><div id="a107076_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.755px;top:322.3px;">283</div><div id="a107079_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:322.3px;">114</div><div id="a107082_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:322.3px;">0</div><div id="a107085_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:547.875px;top:322.3px;">419</div><div id="a107088_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:600.395px;top:322.3px;display:flex;">(6)</div><div id="a107091_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:322.3px;">413</div><div id="a107094" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:335.1px;">of which: stage 3 </div><div id="a107097_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:280.955px;top:335.1px;">0</div><div id="a107100_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:335.1px;">0</div><div id="a107103_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:335.1px;">0</div><div id="a107106_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:335.1px;">0</div><div id="a107109_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:335.1px;">0</div><div id="a107112_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:499.595px;top:335.1px;">210</div><div id="a107115_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:547.875px;top:335.1px;">210</div><div id="a107118_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:595.635px;top:335.1px;display:flex;">(63)</div><div id="a107121_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:335.1px;">147</div><div id="a107124" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:347.4px;">Total financial assets<div style="display:inline-block;width:3.87px"> </div>measured at amortized cost </div><div id="a107127_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:254.475px;top:347.4px;">242,660</div><div id="a107130_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:297.075px;top:347.4px;">273,076</div><div id="a107133_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:344.862px;top:347.4px;">85,671</div><div id="a107136_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.168px;top:347.4px;">101,136</div><div id="a107139_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:430.968px;top:347.4px;">23,693</div><div id="a107142_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:492.475px;top:347.4px;">2,222</div><div id="a107145_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:531.288px;top:347.4px;">728,457</div><div id="a107148_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:590.902px;top:347.4px;display:flex;">(889)</div><div id="a107151_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:647.688px;top:347.4px;">727,568</div><div id="a107154" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:360.6px;">On-balance sheet financial instruments </div><div id="a107168" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:372.9px;">Financial assets measured at FVOCI<div style="display:inline-block;width:4.13px"> </div>– debt instruments </div><div id="a107175_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:263.942px;top:372.9px;">1,307</div><div id="a107178_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:313.622px;top:372.9px;">840</div><div id="a107181_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:372.9px;">0</div><div id="a107184_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:404.955px;top:372.9px;">92</div><div id="a107187_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:452.755px;top:372.9px;">0</div><div id="a107190_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.528px;top:372.9px;">0</div><div id="a107193_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:540.742px;top:372.9px;">2,239</div><div id="a107196_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.595px;top:372.9px;">0</div><div id="a107199_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:372.9px;">2,239</div><div id="a107202" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:385.3px;">Total on-balance<div style="display:inline-block;width:3.77px"> </div>sheet financial instruments </div><div id="a107207_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:254.475px;top:385.3px;">243,966</div><div id="a107210_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:297.075px;top:385.3px;">273,916</div><div id="a107213_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:344.862px;top:385.3px;">85,671</div><div id="a107216_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.168px;top:385.3px;">101,228</div><div id="a107219_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:430.968px;top:385.3px;">23,693</div><div id="a107222_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:492.475px;top:385.3px;">2,222</div><div id="a107225_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:531.288px;top:385.3px;">730,696</div><div id="a107228_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:590.902px;top:385.3px;display:flex;">(889)</div><div id="a107231_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:647.688px;top:385.3px;">729,807</div></div><div id="TextBlockContainer552" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:371px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_550_XBRL_TS_2026575ad33b4f7483851488a770e5dd" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer551" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:371px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a107235" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Off-balance sheet positions subject to expected<div style="display:inline-block;width:4.46px"> </div>credit loss by rating category </div><div id="a107240" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:12.5px;">USD m </div><div id="a107243" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:466.942px;top:12.5px;">31.12.22 </div><div id="a107245" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:83.4px;">Rating category</div><div id="a107246" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:60.932px;top:84.1px;">1</div><div id="a107249" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:313.622px;top:83.4px;">0–1 </div><div id="a107253" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:356.688px;top:83.4px;">2–3 </div><div id="a107257" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:399.755px;top:83.4px;">4–5 </div><div id="a107261" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:442.822px;top:83.4px;">6–8 </div><div id="a107265" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:481.128px;top:83.4px;">9–13 </div><div id="a107269" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:532.235px;top:59.8px;">Credit-</div><div id="a107271" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.608px;top:71.6px;">impaired </div><div id="a107273" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:517.568px;top:83.4px;">(defaulted) </div><div id="a107275" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:584.288px;top:24.8px;">Total off- </div><div id="a107278" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:567.728px;top:36.6px;">balance sheet </div><div id="a107279" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:585.222px;top:48.4px;">exposure </div><div id="a107281" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:579.555px;top:59.8px;">(maximum </div><div id="a107282" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:575.302px;top:71.6px;">exposure to </div><div id="a107283" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:580.022px;top:83.4px;">credit risk) </div><div id="a107285" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:625.462px;top:83.4px;">ECL provisions </div><div id="a107287" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:95.7px;">Off-balance sheet financial instruments </div><div id="a107300" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:108px;">Guarantees<div style="display:inline-block;width:2.82px"> </div></div><div id="a107303_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:108px;">7,252</div><div id="a107306_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:349.595px;top:108px;">5,961</div><div id="a107309_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:108px;">4,772</div><div id="a107312_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.702px;top:108px;">3,049</div><div id="a107315_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:478.755px;top:108px;">1,025</div><div id="a107318_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:542.635px;top:108px;">108</div><div id="a107321_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:108px;">22,167</div><div id="a107324_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:108px;display:flex;">(48)</div><div id="a107327" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:120.3px;">of which: stage 1 </div><div id="a107330_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:306.528px;top:120.3px;">7,252</div><div id="a107333_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:349.595px;top:120.3px;">5,917</div><div id="a107336_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:120.3px;">3,812</div><div id="a107339_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:120.3px;">2,229</div><div id="a107342_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:120.3px;">596</div><div id="a107345_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:120.3px;">0</div><div id="a107348_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:591.382px;top:120.3px;">19,805</div><div id="a107351_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:120.3px;display:flex;">(13)</div><div id="a107354" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:133.6px;">of which: stage 2 </div><div id="a107357_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:133.6px;">0</div><div id="a107360_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:361.888px;top:133.6px;">44</div><div id="a107363_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.755px;top:133.6px;">960</div><div id="a107366_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:133.6px;">821</div><div id="a107369_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:133.6px;">429</div><div id="a107372_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:133.6px;">0</div><div id="a107375_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.102px;top:133.6px;">2,254</div><div id="a107378_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.048px;top:133.6px;display:flex;">(9)</div><div id="a107381" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:146.4px;">of which: stage 3 </div><div id="a107384_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:146.4px;">0</div><div id="a107387_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:146.4px;">0</div><div id="a107390_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:146.4px;">0</div><div id="a107393_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:146.4px;">0</div><div id="a107396_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:495.822px;top:146.4px;">0</div><div id="a107399_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:542.635px;top:146.4px;">108</div><div id="a107402_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.235px;top:146.4px;">108</div><div id="a107405_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:146.4px;display:flex;">(26)</div><div id="a107408" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:158.7px;">Irrevocable loan commitments </div><div id="a107412_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:158.7px;">1,770</div><div id="a107415_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.862px;top:158.7px;">14,912</div><div id="a107418_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:158.7px;">6,986</div><div id="a107421_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.968px;top:158.7px;">10,097</div><div id="a107424_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:478.755px;top:158.7px;">6,107</div><div id="a107427_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:542.635px;top:158.7px;">124</div><div id="a107430_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:158.7px;">39,996</div><div id="a107433_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.595px;top:158.7px;display:flex;">(111)</div><div id="a107436" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:171.4px;">of which: stage 1 </div><div id="a107439_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:306.528px;top:171.4px;">1,770</div><div id="a107442_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.862px;top:171.4px;">14,789</div><div id="a107445_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:171.4px;">6,818</div><div id="a107448_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:171.4px;">9,625</div><div id="a107451_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:478.755px;top:171.4px;">4,529</div><div id="a107454_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:171.4px;">0</div><div id="a107457_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:591.382px;top:171.4px;">37,531</div><div id="a107460_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:171.4px;display:flex;">(59)</div><div id="a107463" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:184.2px;">of which: stage 2 </div><div id="a107466_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:184.2px;">0</div><div id="a107469_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:356.688px;top:184.2px;">123</div><div id="a107472_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.755px;top:184.2px;">168</div><div id="a107475_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:184.2px;">472</div><div id="a107478_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:478.755px;top:184.2px;">1,578</div><div id="a107481_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:184.2px;">0</div><div id="a107484_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.102px;top:184.2px;">2,341</div><div id="a107487_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:184.2px;display:flex;">(52)</div><div id="a107490" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:197.4px;">of which: stage 3 </div><div id="a107493_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:197.4px;">0</div><div id="a107496_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:197.4px;">0</div><div id="a107499_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:197.4px;">0</div><div id="a107502_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:197.4px;">0</div><div id="a107505_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:495.822px;top:197.4px;">0</div><div id="a107508_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:542.635px;top:197.4px;">124</div><div id="a107511_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.235px;top:197.4px;">124</div><div id="a107514_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.248px;top:197.4px;">0</div><div id="a107517" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:209.8px;">Forward starting reverse repurchase<div style="display:inline-block;width:4.41px"> </div>and securities borrowing agreements </div><div id="a107520_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:209.8px;">2,781</div><div id="a107523_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:209.8px;">2</div><div id="a107526_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:404.955px;top:209.8px;">11</div><div id="a107529_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.702px;top:209.8px;">1,007</div><div id="a107532_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:495.822px;top:209.8px;">0</div><div id="a107535_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:552.595px;top:209.8px;">0</div><div id="a107538_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:209.8px;">3,801</div><div id="a107541_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.248px;top:209.8px;">0</div><div id="a107544" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:222.1px;">Total off-balance sheet<div style="display:inline-block;width:3.78px"> </div>financial instruments </div><div id="a107549_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:301.795px;top:222.1px;">11,803</div><div id="a107552_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:344.862px;top:222.1px;">20,874</div><div id="a107555_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:387.902px;top:222.1px;">11,769</div><div id="a107558_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:430.968px;top:222.1px;">14,153</div><div id="a107561_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:478.755px;top:222.1px;">7,132</div><div id="a107564_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:542.635px;top:222.1px;">233</div><div id="a107567_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:222.1px;">65,964</div><div id="a107570_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:658.595px;top:222.1px;display:flex;">(159)</div><div id="a107573" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:234.8px;">Credit lines </div><div id="a107584" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:247.6px;">Committed unconditionally revocable<div style="display:inline-block;width:3.72px"> </div>credit lines </div><div id="a107587_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:247.6px;">2,288</div><div id="a107590_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.862px;top:247.6px;">15,918</div><div id="a107593_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:247.6px;">9,247</div><div id="a107596_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.968px;top:247.6px;">10,162</div><div id="a107599_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:478.755px;top:247.6px;">3,739</div><div id="a107602_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:547.875px;top:247.6px;">36</div><div id="a107605_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:247.6px;">41,390</div><div id="a107608_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:247.6px;display:flex;">(40)</div><div id="a107611" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:259.9px;">of which: stage 1 </div><div id="a107614_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:306.528px;top:259.9px;">2,288</div><div id="a107617_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.862px;top:259.9px;">15,213</div><div id="a107620_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:259.9px;">8,960</div><div id="a107623_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:259.9px;">9,631</div><div id="a107626_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:478.755px;top:259.9px;">3,429</div><div id="a107629_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:259.9px;">0</div><div id="a107632_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:591.382px;top:259.9px;">39,521</div><div id="a107635_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:259.9px;display:flex;">(32)</div><div id="a107638" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:272.7px;">of which: stage 2 </div><div id="a107641_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:272.7px;">0</div><div id="a107644_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:356.688px;top:272.7px;">705</div><div id="a107647_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.755px;top:272.7px;">287</div><div id="a107650_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:272.7px;">531</div><div id="a107653_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:272.7px;">310</div><div id="a107656_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:272.7px;">0</div><div id="a107659_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.102px;top:272.7px;">1,833</div><div id="a107662_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.048px;top:272.7px;display:flex;">(8)</div><div id="a107665" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:285.9px;">of which: stage 3 </div><div id="a107669_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:285.9px;">0</div><div id="a107672_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:285.9px;">0</div><div id="a107675_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:285.9px;">0</div><div id="a107678_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:285.9px;">0</div><div id="a107681_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:495.822px;top:285.9px;">0</div><div id="a107684_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:547.875px;top:285.9px;">36</div><div id="a107687_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:285.9px;">36</div><div id="a107690_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.248px;top:285.9px;">0</div><div id="a107693" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:298.2px;">Irrevocable committed prolongation<div style="display:inline-block;width:3.85px"> </div>of existing loans </div><div id="a107696_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:323.555px;top:298.2px;">7</div><div id="a107699_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:349.595px;top:298.2px;">1,939</div><div id="a107702_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:298.2px;">1,489</div><div id="a107705_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:442.822px;top:298.2px;">868</div><div id="a107708_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.848px;top:298.2px;">392</div><div id="a107711_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:552.595px;top:298.2px;">2</div><div id="a107714_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:298.2px;">4,696</div><div id="a107717_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:298.2px;display:flex;">(2)</div><div id="a107720" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:310.5px;">of which: stage 1 </div><div id="a107723_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:310.5px;">7</div><div id="a107726_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:349.595px;top:310.5px;">1,938</div><div id="a107729_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:310.5px;">1,411</div><div id="a107732_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:310.5px;">864</div><div id="a107735_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:310.5px;">380</div><div id="a107738_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:310.5px;">0</div><div id="a107741_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.102px;top:310.5px;">4,600</div><div id="a107744_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.048px;top:310.5px;display:flex;">(2)</div><div id="a107747" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:323.8px;">of which: stage 2 </div><div id="a107750_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:323.8px;">0</div><div id="a107753_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:323.8px;">1</div><div id="a107756_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:404.955px;top:323.8px;">78</div><div id="a107759_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:323.8px;">4</div><div id="a107762_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:491.062px;top:323.8px;">11</div><div id="a107765_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:323.8px;">0</div><div id="a107768_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:323.8px;">94</div><div id="a107771_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.248px;top:323.8px;">0</div><div id="a107774" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:336.5px;">of which: stage 3 </div><div id="a107778_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:336.5px;">0</div><div id="a107781_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:336.5px;">0</div><div id="a107784_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:336.5px;">0</div><div id="a107787_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:336.5px;">0</div><div id="a107790_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:495.822px;top:336.5px;">0</div><div id="a107793_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:336.5px;">2</div><div id="a107796_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.155px;top:336.5px;">2</div><div id="a107799_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.248px;top:336.5px;">0</div><div id="a107802" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:348.8px;">Total credit lines </div><div id="a107805_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:306.528px;top:348.8px;">2,295</div><div id="a107808_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:344.862px;top:348.8px;">17,857</div><div id="a107811_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:387.902px;top:348.8px;">10,736</div><div id="a107814_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:430.968px;top:348.8px;">11,030</div><div id="a107817_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:478.755px;top:348.8px;">4,131</div><div id="a107820_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:547.875px;top:348.8px;">37</div><div id="a107823_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:348.8px;">46,086</div><div id="a107826_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:663.795px;top:348.8px;display:flex;">(42)</div><div id="a107829" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:362.9px;">1 Refer to the “Internal UBS rating<div style="display:inline-block;width:3.99px"> </div>scale and mapping of external<div style="display:inline-block;width:3.8px"> </div>ratings” table in the “Risk<div style="display:inline-block;width:3.66px"> </div>management and control”<div style="display:inline-block;width:3.64px"> </div>section of this report for<div style="display:inline-block;width:3.56px"> </div>more information on rating<div style="display:inline-block;width:3.44px"> </div>categories.</div></div></div></div><div id="TextBlockContainer555" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:687px;height:382px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a107871" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Financial assets subject to credit risk by<div style="display:inline-block;width:4.27px"> </div>rating category </div><div id="a107873" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:12.5px;">USD m </div><div id="a107876" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.968px;top:12.5px;">31.12.21 </div><div id="a107880" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:71.6px;">Rating category</div><div id="a107881" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:60.932px;top:72.2px;">1</div><div id="a107884" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:253.528px;top:71.6px;">0–1 </div><div id="a107888" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:301.328px;top:71.6px;">2–3 </div><div id="a107892" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:348.648px;top:71.6px;">4–5 </div><div id="a107896" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.448px;top:71.6px;">6–8 </div><div id="a107900" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.422px;top:71.6px;">9–13 </div><div id="a107904" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:492.008px;top:48px;">Credit-</div><div id="a107906" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.382px;top:59.8px;">impaired </div><div id="a107907" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:477.342px;top:71.6px;">(defaulted) </div><div id="a107909" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.142px;top:48px;">Total gross </div><div id="a107910" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.542px;top:59.8px;">carrying </div><div id="a107911" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.488px;top:71.6px;">amount </div><div id="a107913" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.942px;top:59.8px;">ECL </div><div id="a107914" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.982px;top:71.6px;">allowances </div><div id="a107916" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.862px;top:24.8px;">Net carrying </div><div id="a107917" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:36.6px;">amount </div><div id="a107918" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:642.008px;top:48px;">(maximum </div><div id="a107919" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:637.275px;top:59.8px;">exposure to </div><div id="a107920" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:642.008px;top:71.6px;">credit risk) </div><div id="a107922" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:83.9px;">Financial assets measured at amortized<div style="display:inline-block;width:3.86px"> </div>cost </div><div id="a107934" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:96.2px;">Cash and balances at central banks </div><div id="a107937_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:236.982px;top:96.2px;">191,015</div><div id="a107940_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:294.235px;top:96.2px;">1,802</div><div id="a107943_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:358.582px;top:96.2px;">0</div><div id="a107946_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:406.368px;top:96.2px;">0</div><div id="a107949_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.115px;top:96.2px;">0</div><div id="a107952_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.902px;top:96.2px;">0</div><div id="a107955_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.182px;top:96.2px;">192,817</div><div id="a107958_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.488px;top:96.2px;">0</div><div id="a107961_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:648.635px;top:96.2px;">192,817</div><div id="a107964" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:108.5px;">of which: stage 1 </div><div id="a107968_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:236.982px;top:108.5px;">191,015</div><div id="a107971_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:294.235px;top:108.5px;">1,802</div><div id="a107974_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:358.582px;top:108.5px;">0</div><div id="a107977_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:406.368px;top:108.5px;">0</div><div id="a107980_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:455.115px;top:108.5px;">0</div><div id="a107983_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:108.5px;">0</div><div id="a107986_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.182px;top:108.5px;">192,817</div><div id="a107989_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.488px;top:108.5px;">0</div><div id="a107992_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:648.635px;top:108.5px;">192,817</div><div id="a107995" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:120.8px;">Loans and advances to banks </div><div id="a107998_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:253.528px;top:120.8px;">407</div><div id="a108001_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:289.502px;top:120.8px;">12,623</div><div id="a108004_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:341.555px;top:120.8px;">1,171</div><div id="a108007_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.448px;top:120.8px;">795</div><div id="a108010_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:445.182px;top:120.8px;">490</div><div id="a108013_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.902px;top:120.8px;">1</div><div id="a108016_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:537.902px;top:120.8px;">15,488</div><div id="a108019_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:602.755px;top:120.8px;display:flex;">(8)</div><div id="a108022_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:120.8px;">15,480</div><div id="a108025" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:133.1px;">of which: stage 1 </div><div id="a108028_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:253.528px;top:133.1px;">407</div><div id="a108031_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:289.502px;top:133.1px;">12,623</div><div id="a108034_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:133.1px;">1,146</div><div id="a108037_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:396.448px;top:133.1px;">795</div><div id="a108040_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:445.182px;top:133.1px;">488</div><div id="a108043_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:133.1px;">0</div><div id="a108046_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:537.902px;top:133.1px;">15,460</div><div id="a108049_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:602.288px;top:133.1px;display:flex;">(7)</div><div id="a108052_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:653.395px;top:133.1px;">15,453</div><div id="a108055" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:146.4px;">of which: stage 2 </div><div id="a108058_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:263.462px;top:146.4px;">0</div><div id="a108061_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:311.262px;top:146.4px;">0</div><div id="a108064_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:353.848px;top:146.4px;">24</div><div id="a108067_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:406.368px;top:146.4px;">0</div><div id="a108070_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:455.115px;top:146.4px;">2</div><div id="a108073_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:146.4px;">0</div><div id="a108076_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:554.968px;top:146.4px;">27</div><div id="a108079_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:602.288px;top:146.4px;display:flex;">(1)</div><div id="a108082_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.408px;top:146.4px;">26</div><div id="a108085" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:159.6px;">of which: stage 3 </div><div id="a108088_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:263.462px;top:159.6px;">0</div><div id="a108091_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:311.262px;top:159.6px;">0</div><div id="a108094_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:358.582px;top:159.6px;">0</div><div id="a108097_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:406.368px;top:159.6px;">0</div><div id="a108100_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:455.115px;top:159.6px;">0</div><div id="a108103_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:159.6px;">1</div><div id="a108106_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:559.688px;top:159.6px;">1</div><div id="a108109_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.488px;top:159.6px;">0</div><div id="a108112_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:675.142px;top:159.6px;">1</div><div id="a108115" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:171.9px;">Receivables from securities<div style="display:inline-block;width:3.89px"> </div>financing transactions </div><div id="a108116" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:183.3px;">measured at amortized cost </div><div id="a108119_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:241.715px;top:183.3px;">34,386</div><div id="a108122_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:289.502px;top:183.3px;">11,267</div><div id="a108125_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:336.822px;top:183.3px;">10,483</div><div id="a108128_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:183.3px;">17,440</div><div id="a108131_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.062px;top:183.3px;">1,439</div><div id="a108134_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.902px;top:183.3px;">0</div><div id="a108137_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:537.902px;top:183.3px;">75,014</div><div id="a108140_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:602.755px;top:183.3px;display:flex;">(2)</div><div id="a108143_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:183.3px;">75,012</div><div id="a108146" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:195.6px;">of which: stage 1 </div><div id="a108149_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:241.715px;top:195.6px;">34,386</div><div id="a108152_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:289.502px;top:195.6px;">11,267</div><div id="a108155_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:336.822px;top:195.6px;">10,483</div><div id="a108158_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:384.595px;top:195.6px;">17,440</div><div id="a108161_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:438.062px;top:195.6px;">1,439</div><div id="a108164_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:195.6px;">0</div><div id="a108167_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:537.902px;top:195.6px;">75,014</div><div id="a108170_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:602.288px;top:195.6px;display:flex;">(2)</div><div id="a108173_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:653.395px;top:195.6px;">75,012</div><div id="a108176" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:208.3px;">Cash collateral receivables on<div style="display:inline-block;width:3.94px"> </div>derivative instruments </div><div id="a108179_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:246.435px;top:208.3px;">7,466</div><div id="a108182_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:289.502px;top:208.3px;">13,476</div><div id="a108185_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:341.555px;top:208.3px;">5,878</div><div id="a108188_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:208.3px;">3,647</div><div id="a108191_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:450.382px;top:208.3px;">47</div><div id="a108194_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.902px;top:208.3px;">0</div><div id="a108197_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:537.902px;top:208.3px;">30,514</div><div id="a108200_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.488px;top:208.3px;">0</div><div id="a108203_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:208.3px;">30,514</div><div id="a108206" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:220.6px;">of which: stage 1 </div><div id="a108209_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:246.435px;top:220.6px;">7,466</div><div id="a108212_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:289.502px;top:220.6px;">13,476</div><div id="a108215_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:220.6px;">5,878</div><div id="a108218_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:389.355px;top:220.6px;">3,647</div><div id="a108221_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:450.382px;top:220.6px;">47</div><div id="a108224_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:220.6px;">0</div><div id="a108227_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:537.902px;top:220.6px;">30,514</div><div id="a108230_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.488px;top:220.6px;">0</div><div id="a108233_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:653.395px;top:220.6px;">30,514</div><div id="a108236" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:232.9px;">Loans and advances to customers </div><div id="a108240_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:246.435px;top:232.9px;">5,295</div><div id="a108243_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:284.768px;top:232.9px;">232,233</div><div id="a108246_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:336.822px;top:232.9px;">67,620</div><div id="a108249_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:232.9px;">69,892</div><div id="a108252_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:433.328px;top:232.9px;">21,423</div><div id="a108255_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:494.875px;top:232.9px;">2,148</div><div id="a108258_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.182px;top:232.9px;">398,611</div><div id="a108261_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:232.9px;display:flex;">(850)</div><div id="a108264_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:648.635px;top:232.9px;">397,761</div><div id="a108267" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:245.2px;">of which: stage 1 </div><div id="a108270_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:246.435px;top:245.2px;">5,295</div><div id="a108273_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:284.768px;top:245.2px;">231,153</div><div id="a108276_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:336.822px;top:245.2px;">65,084</div><div id="a108279_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:384.595px;top:245.2px;">62,796</div><div id="a108282_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:433.328px;top:245.2px;">16,362</div><div id="a108285_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:245.2px;">0</div><div id="a108288_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.182px;top:245.2px;">380,690</div><div id="a108291_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:592.795px;top:245.2px;display:flex;">(126)</div><div id="a108294_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:648.635px;top:245.2px;">380,564</div><div id="a108297" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:258.5px;">of which: stage 2 </div><div id="a108300_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:263.462px;top:258.5px;">0</div><div id="a108303_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:294.235px;top:258.5px;">1,080</div><div id="a108306_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:258.5px;">2,536</div><div id="a108309_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:389.355px;top:258.5px;">7,096</div><div id="a108312_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:438.062px;top:258.5px;">5,061</div><div id="a108315_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:258.5px;">0</div><div id="a108318_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:537.902px;top:258.5px;">15,773</div><div id="a108321_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:592.795px;top:258.5px;display:flex;">(152)</div><div id="a108324_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:653.395px;top:258.5px;">15,620</div><div id="a108327" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:271.3px;">of which: stage 3 </div><div id="a108330_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:263.462px;top:271.3px;">0</div><div id="a108333_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:311.262px;top:271.3px;">0</div><div id="a108336_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:358.582px;top:271.3px;">0</div><div id="a108339_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:406.368px;top:271.3px;">0</div><div id="a108342_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:455.115px;top:271.3px;">0</div><div id="a108345_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:494.875px;top:271.3px;">2,148</div><div id="a108348_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:542.635px;top:271.3px;">2,148</div><div id="a108351_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:592.795px;top:271.3px;display:flex;">(572)</div><div id="a108354_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:658.115px;top:271.3px;">1,577</div><div id="a108357" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:283.6px;">Other financial assets measured at<div style="display:inline-block;width:3.94px"> </div>amortized cost </div><div id="a108360_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:241.715px;top:283.6px;">12,564</div><div id="a108363_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:294.235px;top:283.6px;">6,702</div><div id="a108366_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:348.648px;top:283.6px;">321</div><div id="a108369_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:283.6px;">6,072</div><div id="a108372_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:445.182px;top:283.6px;">394</div><div id="a108375_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.968px;top:283.6px;">264</div><div id="a108378_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:537.902px;top:283.6px;">26,318</div><div id="a108381_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:283.6px;display:flex;">(109)</div><div id="a108384_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:283.6px;">26,209</div><div id="a108387" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:295.9px;">of which: stage 1 </div><div id="a108390_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:241.715px;top:295.9px;">12,564</div><div id="a108393_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:294.235px;top:295.9px;">6,693</div><div id="a108396_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:348.648px;top:295.9px;">307</div><div id="a108399_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:389.355px;top:295.9px;">5,863</div><div id="a108402_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:445.182px;top:295.9px;">317</div><div id="a108405_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:295.9px;">0</div><div id="a108408_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:537.902px;top:295.9px;">25,745</div><div id="a108411_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:597.528px;top:295.9px;display:flex;">(27)</div><div id="a108414_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:653.395px;top:295.9px;">25,718</div><div id="a108417" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:309.1px;">of which: stage 2 </div><div id="a108420_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:263.462px;top:309.1px;">0</div><div id="a108423_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:306.528px;top:309.1px;">10</div><div id="a108426_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:353.848px;top:309.1px;">13</div><div id="a108429_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:396.448px;top:309.1px;">209</div><div id="a108432_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:450.382px;top:309.1px;">77</div><div id="a108435_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:309.1px;">0</div><div id="a108438_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:549.755px;top:309.1px;">309</div><div id="a108441_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:602.288px;top:309.1px;display:flex;">(7)</div><div id="a108444_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:665.208px;top:309.1px;">302</div><div id="a108447" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:321.9px;">of which: stage 3 </div><div id="a108450_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:263.462px;top:321.9px;">0</div><div id="a108453_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:311.262px;top:321.9px;">0</div><div id="a108456_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:358.582px;top:321.9px;">0</div><div id="a108459_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:406.368px;top:321.9px;">0</div><div id="a108462_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:455.115px;top:321.9px;">0</div><div id="a108465_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:501.968px;top:321.9px;">264</div><div id="a108468_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:549.755px;top:321.9px;">264</div><div id="a108471_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:597.528px;top:321.9px;display:flex;">(76)</div><div id="a108474_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:665.208px;top:321.9px;">189</div><div id="a108477" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:334.6px;">Total financial assets<div style="display:inline-block;width:3.87px"> </div>measured at amortized cost </div><div id="a108480_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:236.982px;top:334.6px;">251,133</div><div id="a108483_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:284.768px;top:334.6px;">278,103</div><div id="a108486_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:336.822px;top:334.6px;">85,472</div><div id="a108489_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:334.6px;">97,846</div><div id="a108492_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:433.328px;top:334.6px;">23,793</div><div id="a108495_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:494.875px;top:334.6px;">2,414</div><div id="a108498_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.182px;top:334.6px;">738,762</div><div id="a108501_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:334.6px;display:flex;">(969)</div><div id="a108504_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:648.635px;top:334.6px;">737,794</div><div id="a108507" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:347.4px;">On-balance sheet financial instruments </div><div id="a108521" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:359.7px;">Financial assets measured at FVOCI<div style="display:inline-block;width:4.13px"> </div>– debt instruments </div><div id="a108527_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:246.435px;top:359.7px;">3,996</div><div id="a108530_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:294.235px;top:359.7px;">4,771</div><div id="a108533_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:358.582px;top:359.7px;">0</div><div id="a108536_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:359.7px;">77</div><div id="a108539_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.115px;top:359.7px;">0</div><div id="a108542_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.902px;top:359.7px;">0</div><div id="a108545_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:542.635px;top:359.7px;">8,844</div><div id="a108548_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.488px;top:359.7px;">0</div><div id="a108551_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:359.7px;">8,844</div><div id="a108554" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:372px;">Total on-balance<div style="display:inline-block;width:3.77px"> </div>sheet financial instruments </div><div id="a108559_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:236.982px;top:372px;">255,130</div><div id="a108562_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:284.768px;top:372px;">282,874</div><div id="a108565_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:336.822px;top:372px;">85,472</div><div id="a108568_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:372px;">97,923</div><div id="a108571_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:433.328px;top:372px;">23,793</div><div id="a108574_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:494.875px;top:372px;">2,414</div><div id="a108577_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.182px;top:372px;">747,606</div><div id="a108580_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:372px;display:flex;">(969)</div><div id="a108583_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:648.635px;top:372px;">746,638</div></div><div id="TextBlockContainer559" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:371px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a108587" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Off-balance sheet positions subject to expected<div style="display:inline-block;width:4.46px"> </div>credit loss by rating category </div><div id="a108591" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:12.5px;">USD m </div><div id="a108594" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:466.942px;top:12.5px;">31.12.21 </div><div id="a108596" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:83.4px;">Rating category</div><div id="a108597" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:60.932px;top:84.1px;">1</div><div id="a108600" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:313.622px;top:83.4px;">0–1 </div><div id="a108604" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:83.4px;">2–3 </div><div id="a108608" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:399.755px;top:83.4px;">4–5 </div><div id="a108612" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:442.822px;top:83.4px;">6–8 </div><div id="a108616" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.128px;top:83.4px;">9–13 </div><div id="a108620" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.702px;top:60.3px;">Credit-</div><div id="a108622" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.608px;top:71.6px;">impaired </div><div id="a108624" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.048px;top:83.4px;">(defaulted) </div><div id="a108626" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.755px;top:25.3px;">Total off- </div><div id="a108629" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.208px;top:36.6px;">balance sheet </div><div id="a108630" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:48.4px;">exposure </div><div id="a108632" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.022px;top:60.3px;">(maximum </div><div id="a108633" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.302px;top:71.6px;">exposure to </div><div id="a108634" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.022px;top:83.4px;">credit risk) </div><div id="a108636" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:625.462px;top:83.4px;">ECL provisions </div><div id="a108638" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:95.7px;">Off-balance sheet financial instruments </div><div id="a108651" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:108.1px;">Guarantees<div style="display:inline-block;width:2.82px"> </div></div><div id="a108654_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:108.1px;">4,457</div><div id="a108657_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:349.595px;top:108.1px;">7,064</div><div id="a108660_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:108.1px;">4,535</div><div id="a108663_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.702px;top:108.1px;">3,757</div><div id="a108666_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:478.755px;top:108.1px;">1,009</div><div id="a108669_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:542.635px;top:108.1px;">150</div><div id="a108672_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:108.1px;">20,972</div><div id="a108675_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:108.1px;display:flex;">(41)</div><div id="a108678" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:120.8px;">of which: stage 1 </div><div id="a108681_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:306.528px;top:120.8px;">4,457</div><div id="a108684_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:349.595px;top:120.8px;">7,037</div><div id="a108687_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:120.8px;">4,375</div><div id="a108690_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:120.8px;">3,075</div><div id="a108693_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:120.8px;">752</div><div id="a108696_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:120.8px;">0</div><div id="a108699_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:591.382px;top:120.8px;">19,695</div><div id="a108702_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:120.8px;display:flex;">(18)</div><div id="a108705" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:133.6px;">of which: stage 2 </div><div id="a108708_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:133.6px;">0</div><div id="a108711_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:361.888px;top:133.6px;">27</div><div id="a108714_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.755px;top:133.6px;">160</div><div id="a108717_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:133.6px;">682</div><div id="a108720_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:133.6px;">258</div><div id="a108723_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:133.6px;">0</div><div id="a108726_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.102px;top:133.6px;">1,127</div><div id="a108729_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.048px;top:133.6px;display:flex;">(8)</div><div id="a108732" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:146.8px;">of which: stage 3 </div><div id="a108735_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:146.8px;">0</div><div id="a108738_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:146.8px;">0</div><div id="a108741_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:146.8px;">0</div><div id="a108744_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:146.8px;">0</div><div id="a108747_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:495.822px;top:146.8px;">0</div><div id="a108750_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:542.635px;top:146.8px;">150</div><div id="a108753_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.235px;top:146.8px;">150</div><div id="a108756_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:146.8px;display:flex;">(15)</div><div id="a108759" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:159.1px;">Irrevocable loan commitments </div><div id="a108762_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:159.1px;">2,797</div><div id="a108765_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.862px;top:159.1px;">14,183</div><div id="a108768_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:159.1px;">7,651</div><div id="a108771_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.702px;top:159.1px;">8,298</div><div id="a108774_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:478.755px;top:159.1px;">6,502</div><div id="a108777_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:547.875px;top:159.1px;">46</div><div id="a108780_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:159.1px;">39,478</div><div id="a108783_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.595px;top:159.1px;display:flex;">(114)</div><div id="a108786" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:171.4px;">of which: stage 1 </div><div id="a108789_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:306.528px;top:171.4px;">2,797</div><div id="a108792_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.862px;top:171.4px;">13,917</div><div id="a108795_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:171.4px;">7,416</div><div id="a108798_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:171.4px;">7,127</div><div id="a108801_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:478.755px;top:171.4px;">5,840</div><div id="a108804_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:171.4px;">0</div><div id="a108807_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:591.382px;top:171.4px;">37,097</div><div id="a108810_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:171.4px;display:flex;">(72)</div><div id="a108813" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:184.2px;">of which: stage 2 </div><div id="a108816_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:184.2px;">0</div><div id="a108819_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:356.688px;top:184.2px;">266</div><div id="a108822_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.755px;top:184.2px;">235</div><div id="a108825_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:184.2px;">1,171</div><div id="a108828_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:184.2px;">663</div><div id="a108831_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:184.2px;">0</div><div id="a108834_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.102px;top:184.2px;">2,335</div><div id="a108837_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:184.2px;display:flex;">(42)</div><div id="a108840" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:197.5px;">of which: stage 3 </div><div id="a108843_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:197.5px;">0</div><div id="a108846_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:197.5px;">0</div><div id="a108849_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:197.5px;">0</div><div id="a108852_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:197.5px;">0</div><div id="a108855_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:495.822px;top:197.5px;">0</div><div id="a108858_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:547.875px;top:197.5px;">46</div><div id="a108861_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:197.5px;">46</div><div id="a108864_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.248px;top:197.5px;">0</div><div id="a108867" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:209.8px;">Forward starting reverse repurchase<div style="display:inline-block;width:4.41px"> </div>and securities borrowing agreements </div><div id="a108870_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:323.555px;top:209.8px;">0</div><div id="a108873_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:209.8px;">0</div><div id="a108876_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:404.955px;top:209.8px;">55</div><div id="a108879_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.702px;top:209.8px;">1,389</div><div id="a108882_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:495.822px;top:209.8px;">0</div><div id="a108885_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:552.595px;top:209.8px;">0</div><div id="a108888_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:209.8px;">1,444</div><div id="a108891_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.248px;top:209.8px;">0</div><div id="a108894" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:222.1px;">Total off-balance sheet<div style="display:inline-block;width:3.78px"> </div>financial instruments </div><div id="a108899_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:222.1px;">7,254</div><div id="a108902_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.862px;top:222.1px;">21,247</div><div id="a108905_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.902px;top:222.1px;">12,241</div><div id="a108908_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.968px;top:222.1px;">13,444</div><div id="a108911_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:478.755px;top:222.1px;">7,512</div><div id="a108914_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:542.635px;top:222.1px;">196</div><div id="a108917_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:222.1px;">61,894</div><div id="a108920_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.595px;top:222.1px;display:flex;">(155)</div><div id="a108923" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:235.3px;">Credit lines </div><div id="a108934" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:247.6px;">Committed unconditionally revocable<div style="display:inline-block;width:3.72px"> </div>credit lines </div><div id="a108937_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:247.6px;">2,636</div><div id="a108940_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.862px;top:247.6px;">15,594</div><div id="a108943_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:247.6px;">8,627</div><div id="a108946_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.702px;top:247.6px;">9,752</div><div id="a108949_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:478.755px;top:247.6px;">4,107</div><div id="a108952_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:547.875px;top:247.6px;">63</div><div id="a108955_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:247.6px;">40,778</div><div id="a108958_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:247.6px;display:flex;">(38)</div><div id="a108961" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:259.9px;">of which: stage 1 </div><div id="a108964_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:306.528px;top:259.9px;">2,636</div><div id="a108967_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.862px;top:259.9px;">15,250</div><div id="a108970_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:259.9px;">8,304</div><div id="a108973_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:259.9px;">8,346</div><div id="a108976_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:478.755px;top:259.9px;">3,671</div><div id="a108979_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:259.9px;">0</div><div id="a108982_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:591.382px;top:259.9px;">38,207</div><div id="a108985_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:259.9px;display:flex;">(28)</div><div id="a108988" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:273.2px;">of which: stage 2 </div><div id="a108992_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:273.2px;">0</div><div id="a108995_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:356.688px;top:273.2px;">344</div><div id="a108998_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.755px;top:273.2px;">323</div><div id="a109001_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:273.2px;">1,406</div><div id="a109004_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:273.2px;">436</div><div id="a109007_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:273.2px;">0</div><div id="a109010_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.102px;top:273.2px;">2,508</div><div id="a109013_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:273.2px;display:flex;">(10)</div><div id="a109016" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:285.9px;">of which: stage 3 </div><div id="a109019_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:285.9px;">0</div><div id="a109022_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:285.9px;">0</div><div id="a109025_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:285.9px;">0</div><div id="a109028_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:285.9px;">0</div><div id="a109031_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:495.822px;top:285.9px;">0</div><div id="a109034_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:547.875px;top:285.9px;">63</div><div id="a109037_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:285.9px;">63</div><div id="a109040_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.248px;top:285.9px;">0</div><div id="a109043" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:298.2px;">Irrevocable committed prolongation<div style="display:inline-block;width:3.85px"> </div>of existing loans </div><div id="a109046_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:318.822px;top:298.2px;">17</div><div id="a109049_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:349.595px;top:298.2px;">2,438</div><div id="a109052_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:298.2px;">1,422</div><div id="a109055_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.702px;top:298.2px;">1,084</div><div id="a109058_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.848px;top:298.2px;">602</div><div id="a109061_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:547.875px;top:298.2px;">48</div><div id="a109064_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:298.2px;">5,611</div><div id="a109067_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:298.2px;display:flex;">(3)</div><div id="a109070" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:310.5px;">of which: stage 1 </div><div id="a109073_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:318.822px;top:310.5px;">17</div><div id="a109076_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:349.595px;top:310.5px;">2,438</div><div id="a109079_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:310.5px;">1,422</div><div id="a109082_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:310.5px;">1,082</div><div id="a109085_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:310.5px;">568</div><div id="a109088_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:310.5px;">0</div><div id="a109091_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.102px;top:310.5px;">5,527</div><div id="a109094_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.048px;top:310.5px;display:flex;">(3)</div><div id="a109097" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:323.8px;">of which: stage 2 </div><div id="a109100_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:323.8px;">0</div><div id="a109103_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:323.8px;">0</div><div id="a109106_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:323.8px;">0</div><div id="a109109_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:323.8px;">1</div><div id="a109112_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:491.062px;top:323.8px;">34</div><div id="a109115_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:323.8px;">0</div><div id="a109118_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:323.8px;">36</div><div id="a109121_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.248px;top:323.8px;">0</div><div id="a109124" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:336.6px;">of which: stage 3 </div><div id="a109127_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:336.6px;">0</div><div id="a109130_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:336.6px;">0</div><div id="a109133_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:336.6px;">0</div><div id="a109136_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:336.6px;">0</div><div id="a109139_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:495.822px;top:336.6px;">0</div><div id="a109142_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:547.875px;top:336.6px;">48</div><div id="a109145_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:336.6px;">48</div><div id="a109148_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.248px;top:336.6px;">0</div><div id="a109151" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:349.3px;">Total credit lines </div><div id="a109154_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:349.3px;">2,653</div><div id="a109157_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.862px;top:349.3px;">18,032</div><div id="a109160_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.902px;top:349.3px;">10,049</div><div id="a109163_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.968px;top:349.3px;">10,836</div><div id="a109166_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:478.755px;top:349.3px;">4,709</div><div id="a109169_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:542.635px;top:349.3px;">111</div><div id="a109172_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:349.3px;">46,390</div><div id="a109175_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:349.3px;display:flex;">(41)</div><div id="a109178" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:362.9px;">1 Refer to the “Internal UBS rating<div style="display:inline-block;width:3.99px"> </div>scale and mapping of external<div style="display:inline-block;width:3.96px"> </div>ratings” table in the “Risk<div style="display:inline-block;width:3.66px"> </div>management and control”<div style="display:inline-block;width:3.64px"> </div>section of this report for more<div style="display:inline-block;width:3.45px"> </div>information on rating categories.</div></div><div id="TextBlockContainer562" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:787px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a109220" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">f) Sensitivity information </div><div id="a109226" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.8px;">As outlined in Note<div style="display:inline-block;width:5.11px"> </div>1a, ECL estimates involve significant uncertainties at the<div style="display:inline-block;width:5.06px"> </div>time they are made. </div><div id="a109231" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:50.5px;">ECL models </div><div id="a109233" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:65.6px;">The models<div style="display:inline-block;width:5.23px"> </div>applied<div style="display:inline-block;width:5.13px"> </div>to determine<div style="display:inline-block;width:5.19px"> </div>point<div style="display:inline-block;width:1.43px"> </div>-in-time<div style="display:inline-block;width:5.09px"> </div>PD and LGD<div style="display:inline-block;width:5.34px"> </div>rely on<div style="display:inline-block;width:5.02px"> </div>market and statistical<div style="display:inline-block;width:6.84px"> </div>data, which<div style="display:inline-block;width:5.19px"> </div>has been<div style="display:inline-block;width:5.49px"> </div>found </div><div id="a109238" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:81.2px;">to<div style="display:inline-block;width:5.25px"> </div>correlate<div style="display:inline-block;width:6.77px"> </div>well<div style="display:inline-block;width:5.57px"> </div>with<div style="display:inline-block;width:6.2px"> </div>historically<div style="display:inline-block;width:6.89px"> </div>observed<div style="display:inline-block;width:6.45px"> </div>defaults<div style="display:inline-block;width:6.66px"> </div>in<div style="display:inline-block;width:5.3px"> </div>sufficiently<div style="display:inline-block;width:7.77px"> </div>homogeneous<div style="display:inline-block;width:6.99px"> </div>segments.<div style="display:inline-block;width:6.92px"> </div>The<div style="display:inline-block;width:5.88px"> </div>risk<div style="display:inline-block;width:5.47px"> </div>sensitivities<div style="display:inline-block;width:7.46px"> </div>for </div><div id="a109240" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:96.3px;">each of the<div style="display:inline-block;width:5.51px"> </div>ECL reporting<div style="display:inline-block;width:6.21px"> </div>segments<div style="display:inline-block;width:5.4px"> </div>to such<div style="display:inline-block;width:5.13px"> </div>factors are<div style="display:inline-block;width:5.93px"> </div>summarized<div style="display:inline-block;width:5.83px"> </div>in Note 9. </div><div id="a109244" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:119.1px;">Sustainability and climate risk</div><div id="a109245" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#E60000;left:171.938px;top:118.8px;"> </div><div id="a109246" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:134.2px;">Sustainability and climate risk (SCR) may negatively affect clients<div style="display:inline-block;width:5.05px"> </div>or portfolios due to direct or indirect transition costs, or </div><div id="a109254" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:149.8px;">exposure to physical risks in locations<div style="display:inline-block;width:5.36px"> </div>likely to be impacted by climate change.<div style="display:inline-block;width:5.14px"> </div>Such effects could lead to<div style="display:inline-block;width:5.15px"> </div>a deterioration </div><div id="a109261" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:164.9px;">in credit worthiness, which in turn would<div style="display:inline-block;width:5.6px"> </div>have an impact on ECLs.<div style="display:inline-block;width:4.72px"> </div></div><div id="a109267" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:187.7px;">While some indicators<div style="display:inline-block;width:5.24px"> </div>that are more<div style="display:inline-block;width:5.62px"> </div>influenced by<div style="display:inline-block;width:5.08px"> </div>climate change (e.g.,<div style="display:inline-block;width:5.72px"> </div>energy prices) are<div style="display:inline-block;width:5.44px"> </div>factored into the<div style="display:inline-block;width:5.59px"> </div>current PD </div><div id="a109269" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:202.8px;">models where they have demonstrated statistical<div style="display:inline-block;width:1.75px"> </div>relevance, UBS currently does not use a<div style="display:inline-block;width:2.28px"> </div>specific SCR scenario in<div style="display:inline-block;width:2.14px"> </div>addition </div><div id="a109274" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:218.4px;">to the four<div style="display:inline-block;width:5.61px"> </div>general economic<div style="display:inline-block;width:5.87px"> </div>scenarios<div style="display:inline-block;width:4.9px"> </div>applied to<div style="display:inline-block;width:5.28px"> </div>derive the<div style="display:inline-block;width:5.57px"> </div>weighted-average<div style="display:inline-block;width:5.48px"> </div>ECL. The<div style="display:inline-block;width:5.56px"> </div>rationale for<div style="display:inline-block;width:5.56px"> </div>the approach<div style="display:inline-block;width:5.58px"> </div>at </div><div id="a109278" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:233.6px;">this point in time is the significance of model risks and<div style="display:inline-block;width:5.07px"> </div>challenges in calibration and<div style="display:inline-block;width:5.1px"> </div>probability weight assessment given </div><div id="a109279" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:249.2px;">the paucity of data. </div><div id="a109281" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:271.9px;">Instead,<div style="display:inline-block;width:5.98px"> </div>UBS<div style="display:inline-block;width:6.03px"> </div>focuses<div style="display:inline-block;width:5.35px"> </div>on<div style="display:inline-block;width:5.61px"> </div>the<div style="display:inline-block;width:5.72px"> </div>process<div style="display:inline-block;width:5.72px"> </div>of<div style="display:inline-block;width:5.72px"> </div>vetting<div style="display:inline-block;width:5.47px"> </div>clients<div style="display:inline-block;width:5.36px"> </div>and<div style="display:inline-block;width:6.08px"> </div>business<div style="display:inline-block;width:5.85px"> </div>transactions<div style="display:inline-block;width:5.61px"> </div>and<div style="display:inline-block;width:6.08px"> </div>takes<div style="display:inline-block;width:5.57px"> </div>individual<div style="display:inline-block;width:5.86px"> </div>actions,<div style="display:inline-block;width:5.77px"> </div>where </div><div id="a109283" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:287px;">transition risk is deemed<div style="display:inline-block;width:5.01px"> </div>to be a significant<div style="display:inline-block;width:5.13px"> </div>driver of a<div style="display:inline-block;width:5.05px"> </div>counterparty’s credit worthiness.<div style="display:inline-block;width:6.16px"> </div>This review process may<div style="display:inline-block;width:5.1px"> </div>lead to </div><div id="a109284" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:302.6px;">a downward revision<div style="display:inline-block;width:5.22px"> </div>of the counterparty’s credit rating,<div style="display:inline-block;width:5.27px"> </div>or the adoption of risk mitigating<div style="display:inline-block;width:5.77px"> </div>actions, and hence affect the </div><div id="a109288" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:317.8px;">individual contribution to ECLs. </div><div id="a109292" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:340.5px;">At the portfolio<div style="display:inline-block;width:6.11px"> </div>level, UBS<div style="display:inline-block;width:5.42px"> </div>has started<div style="display:inline-block;width:5.83px"> </div>to use<div style="display:inline-block;width:5.13px"> </div>stress loss<div style="display:inline-block;width:5.58px"> </div>assumptions to<div style="display:inline-block;width:5.9px"> </div>assess the<div style="display:inline-block;width:5.08px"> </div>extent to<div style="display:inline-block;width:5.52px"> </div>which SCR<div style="display:inline-block;width:5.86px"> </div>may affect<div style="display:inline-block;width:5.47px"> </div>the </div><div id="a109300" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:355.6px;">quality of the<div style="display:inline-block;width:5.35px"> </div>loans extended<div style="display:inline-block;width:5.03px"> </div>to small and<div style="display:inline-block;width:5.14px"> </div>medium-sized entities and<div style="display:inline-block;width:5.37px"> </div>large corporate clients.<div style="display:inline-block;width:5.2px"> </div>Initial tests were<div style="display:inline-block;width:5.02px"> </div>based on </div><div id="a109311" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:371.2px;">a set of assumptions presented<div style="display:inline-block;width:5.28px"> </div>by external parties (such as the Bank of<div style="display:inline-block;width:5.08px"> </div>England). Such analysis undertaken<div style="display:inline-block;width:5.13px"> </div>during 2022 </div><div id="a109312" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:386.4px;">concluded that the counterparties<div style="display:inline-block;width:5.49px"> </div>are not expected to be<div style="display:inline-block;width:5.18px"> </div>significantly impacted<div style="display:inline-block;width:5.1px"> </div>by physical or transition<div style="display:inline-block;width:5.39px"> </div>risks, mainly as </div><div id="a109322" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:402px;">there are no material risk concentrations in high-risk sectors. The<div style="display:inline-block;width:2.29px"> </div>analysis of the corporate loan book has also shown that </div><div id="a109327" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:417.1px;">any potential significant impacts from transition costs or<div style="display:inline-block;width:2.3px"> </div>physical risks would materialize over a<div style="display:inline-block;width:2.05px"> </div>time horizon that exceeds </div><div id="a109337" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:432.3px;">in most cases the<div style="display:inline-block;width:2.19px"> </div>contractual lifetime of the<div style="display:inline-block;width:2.11px"> </div>underlying assets. Based on current information<div style="display:inline-block;width:2.12px"> </div>on regulatory developments, </div><div id="a109339" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:447.9px;">this would<div style="display:inline-block;width:5.43px"> </div>also apply<div style="display:inline-block;width:5.08px"> </div>to the portfolio<div style="display:inline-block;width:6.12px"> </div>of private<div style="display:inline-block;width:5.42px"> </div>clients’ mortgages<div style="display:inline-block;width:5.49px"> </div>and real<div style="display:inline-block;width:5.22px"> </div>estate financing,<div style="display:inline-block;width:6.34px"> </div>given the long<div style="display:inline-block;width:6.06px"> </div>lead times </div><div id="a109343" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:463px;">for investments in upgrading<div style="display:inline-block;width:5.25px"> </div>the housing stock. </div><div id="a109345" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:486.2px;">As a<div style="display:inline-block;width:5.04px"> </div>result of<div style="display:inline-block;width:5.43px"> </div>the aforementioned<div style="display:inline-block;width:6.01px"> </div>factors, it<div style="display:inline-block;width:5.21px"> </div>was assessed<div style="display:inline-block;width:5.86px"> </div>that the<div style="display:inline-block;width:5.72px"> </div>magnitude of<div style="display:inline-block;width:5.28px"> </div>any impact<div style="display:inline-block;width:5.84px"> </div>of SCR<div style="display:inline-block;width:5.24px"> </div>on the<div style="display:inline-block;width:5.29px"> </div>weighted-</div><div id="a109349" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:501.3px;">average ECL would not be material as of 31 December 2022. Therefore, no specific post-model adjustment<div style="display:inline-block;width:5.08px"> </div>was made in </div><div id="a109355" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:516.5px;">this regard. </div><div id="a109357" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:528.2px;">›</div><div id="a109358" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:528.4px;"> </div><div id="a109359" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:533px;">Refer to “Sustainability<div style="display:inline-block;width:0.78px"> </div>and climate risk”<div style="display:inline-block;width:1.4px"> </div>in the “Risk management<div style="display:inline-block;width:0.59px"> </div>and control” section<div style="display:inline-block;width:1.6px"> </div>of this report<div style="display:inline-block;width:7.36px"> </div></div><div id="a109363" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:543.3px;">›</div><div id="a109364" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:543.5px;"> </div><div id="a109365" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:548.2px;">Refer to “Our focus<div style="display:inline-block;width:1.36px"> </div>on sustainability<div style="display:inline-block;width:1.54px"> </div>and climate”<div style="display:inline-block;width:1.8px"> </div>in the “Our strategy, business<div style="display:inline-block;width:1.23px"> </div>model and environment”<div style="display:inline-block;width:0.47px"> </div>section of this<div style="display:inline-block;width:1.41px"> </div>report </div><div id="a109380" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:558px;">›</div><div id="a109381" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:558.2px;"> </div><div id="a109382" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:562.8px;">Refer to “UBS AG consolidated<div style="display:inline-block;width:0.13px"> </div>supplemental disclosures<div style="display:inline-block;width:0.74px"> </div>required under SEC regulations”<div style="display:inline-block;width:1.07px"> </div>for the maturity<div style="display:inline-block;width:1.02px"> </div>profile of UBS core loan </div><div id="a109388" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:577.5px;">book<div style="display:inline-block;width:5.23px"> </div></div><div id="a109390" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:597.9px;">Forward-looking scenarios </div><div id="a109394" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:613px;">Depending<div style="display:inline-block;width:5.32px"> </div>on<div style="display:inline-block;width:5.13px"> </div>the scenario<div style="display:inline-block;width:5.82px"> </div>selection and<div style="display:inline-block;width:6.07px"> </div>related macroeconomic<div style="display:inline-block;width:6.16px"> </div>assumptions<div style="display:inline-block;width:5.75px"> </div>for the<div style="display:inline-block;width:6.2px"> </div>risk factors,<div style="display:inline-block;width:6.09px"> </div>the components<div style="display:inline-block;width:6.44px"> </div>of </div><div id="a109397" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:628.6px;">the<div style="display:inline-block;width:6.2px"> </div>relevant<div style="display:inline-block;width:6.45px"> </div>weighted-average<div style="display:inline-block;width:6.87px"> </div>ECL<div style="display:inline-block;width:6.57px"> </div>change.<div style="display:inline-block;width:6.71px"> </div>This<div style="display:inline-block;width:6.29px"> </div>is<div style="display:inline-block;width:6.09px"> </div>particularly<div style="display:inline-block;width:6.32px"> </div>relevant<div style="display:inline-block;width:6.45px"> </div>for<div style="display:inline-block;width:6.52px"> </div>interest<div style="display:inline-block;width:6.55px"> </div>rates,<div style="display:inline-block;width:6.16px"> </div>which<div style="display:inline-block;width:6.82px"> </div>can<div style="display:inline-block;width:6.15px"> </div>move<div style="display:inline-block;width:5.99px"> </div>in<div style="display:inline-block;width:6.25px"> </div>both </div><div id="a109402" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:643.7px;">directions under<div style="display:inline-block;width:5.94px"> </div>a given growth<div style="display:inline-block;width:6.28px"> </div>assumption,<div style="display:inline-block;width:5.37px"> </div>e.g., low<div style="display:inline-block;width:5.57px"> </div>growth with<div style="display:inline-block;width:5.53px"> </div>high interest<div style="display:inline-block;width:6.21px"> </div>rates in<div style="display:inline-block;width:5.15px"> </div>a stagflation<div style="display:inline-block;width:5.77px"> </div>scenario, versus </div><div id="a109409" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:659.4px;">low growth<div style="display:inline-block;width:5.21px"> </div>and falling interest<div style="display:inline-block;width:5.21px"> </div>rates in a<div style="display:inline-block;width:5.25px"> </div>recession. Management<div style="display:inline-block;width:5.76px"> </div>generally looks<div style="display:inline-block;width:5.02px"> </div>for scenario narratives that reflect<div style="display:inline-block;width:5.78px"> </div>the </div><div id="a109411" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:674.5px;">key risk drivers of a given credit<div style="display:inline-block;width:5.1px"> </div>portfolio. </div><div id="a109415" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:697.7px;">As forecasting<div style="display:inline-block;width:2.33px"> </div>models are complex,<div style="display:inline-block;width:1.88px"> </div>due to the<div style="display:inline-block;width:2.13px"> </div>combination of<div style="display:inline-block;width:2.34px"> </div>multiple factors, simple what-if<div style="display:inline-block;width:1.51px"> </div>analyses involving a<div style="display:inline-block;width:2.21px"> </div>change </div><div id="a109422" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:712.8px;">of individual<div style="display:inline-block;width:5.07px"> </div>parameters do not<div style="display:inline-block;width:5.82px"> </div>necessarily provide realistic information<div style="display:inline-block;width:5.88px"> </div>on the<div style="display:inline-block;width:5.29px"> </div>exposure of segments<div style="display:inline-block;width:5.25px"> </div>to changes<div style="display:inline-block;width:5.05px"> </div>in the </div><div id="a109429" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:728px;">macroeconomy.<div style="display:inline-block;width:5.56px"> </div>Portfolio-specific<div style="display:inline-block;width:5.51px"> </div>analyses<div style="display:inline-block;width:5.67px"> </div>based<div style="display:inline-block;width:5.66px"> </div>on<div style="display:inline-block;width:5.61px"> </div>their key<div style="display:inline-block;width:6.31px"> </div>risk<div style="display:inline-block;width:5.47px"> </div>factors<div style="display:inline-block;width:5.26px"> </div>would<div style="display:inline-block;width:5.81px"> </div>also<div style="display:inline-block;width:5.35px"> </div>not<div style="display:inline-block;width:5.45px"> </div>be<div style="display:inline-block;width:5.63px"> </div>meaningful,<div style="display:inline-block;width:5.66px"> </div>as<div style="display:inline-block;width:5.25px"> </div>potential </div><div id="a109435" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:743.1px;">compensatory effects in other segments<div style="display:inline-block;width:5.63px"> </div>would be ignored.<div style="display:inline-block;width:5.92px"> </div>The table below indicates some sensitivities<div style="display:inline-block;width:5.27px"> </div>to ECLs, if a key </div><div id="a109445" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:758.7px;">macroeconomic<div style="display:inline-block;width:6.5px"> </div>variable<div style="display:inline-block;width:6.26px"> </div>for<div style="display:inline-block;width:6.04px"> </div>the<div style="display:inline-block;width:6.2px"> </div>forecasting<div style="display:inline-block;width:6.28px"> </div>period<div style="display:inline-block;width:6.5px"> </div>is<div style="display:inline-block;width:6.09px"> </div>amended<div style="display:inline-block;width:6.13px"> </div>across<div style="display:inline-block;width:6.33px"> </div>all<div style="display:inline-block;width:5.94px"> </div>scenarios<div style="display:inline-block;width:6.19px"> </div>with<div style="display:inline-block;width:6.2px"> </div>all<div style="display:inline-block;width:5.94px"> </div>other<div style="display:inline-block;width:6.25px"> </div>factors<div style="display:inline-block;width:5.74px"> </div>remaining </div><div id="a109447" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:773.8px;">unchanged.</div></div><div id="TextBlockContainer564" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:500px;height:10px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a109487" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Potential effect on stage<div style="display:inline-block;width:4.15px"> </div>1 and stage 2 positions from changing key<div style="display:inline-block;width:4.12px"> </div>parameters as of 31 December 2022</div></div><div id="TextBlockContainer568" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:688px;height:356px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_566_XBRL_TS_0bf272796e49458eb211eb53939aa213" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer567" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:688px;height:356px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a109511" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:23.2px;">USD m </div><div id="a109514" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:385.51px;top:23.2px;">100% Baseline </div><div id="a109516" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:497.684px;top:0px;">100% </div><div id="a109517" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:469.75px;top:11.4px;">Stagflationary </div><div id="a109518" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:458.404px;top:23.2px;">geopolitical crisis<div style="display:inline-block;width:2.91px"> </div></div><div id="a109520" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:530.31px;top:23.2px;">100% Global crisis<div style="display:inline-block;width:3.32px"> </div></div><div id="a109522" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:612.657px;top:23.2px;">Weighted average<div style="display:inline-block;width:3.35px"> </div></div><div id="a109524" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:35.5px;">Change in key parameters </div><div id="a109531" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.7px;">Fixed income: Government bonds<div style="display:inline-block;width:3.94px"> </div>(absolute change) </div><div id="a109538" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:61.5px;">–0.50% </div><div id="a109542_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.937px;top:61.5px;display:flex;">(3)</div><div id="a109545_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.99px;top:61.5px;display:flex;">(106)</div><div id="a109548_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:61.5px;display:flex;">(2)</div><div id="a109551_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:61.5px;display:flex;">(14)</div><div id="a109554" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:74.8px;">+0.50% </div><div id="a109557_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:436.137px;top:74.8px;">4</div><div id="a109560_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.724px;top:74.8px;">124</div><div id="a109563_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:594.657px;top:74.8px;">2</div><div id="a109566_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.444px;top:74.8px;">17</div><div id="a109569" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:87.5px;">+1.00% </div><div id="a109572_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:436.137px;top:87.5px;">8</div><div id="a109575_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.724px;top:87.5px;">264</div><div id="a109578_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.937px;top:87.5px;">10</div><div id="a109581_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.444px;top:87.5px;">37</div><div id="a109584" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:99.8px;">Unemployment rate (absolute change) </div><div id="a109591" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:113.1px;">–1.00% </div><div id="a109595_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.937px;top:113.1px;display:flex;">(4)</div><div id="a109598_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.99px;top:113.1px;display:flex;">(138)</div><div id="a109601_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.724px;top:113.1px;display:flex;">(24)</div><div id="a109604_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:113.1px;display:flex;">(23)</div><div id="a109607" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:126.3px;">–0.50% </div><div id="a109611_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.937px;top:126.3px;display:flex;">(2)</div><div id="a109614_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.724px;top:126.3px;display:flex;">(78)</div><div id="a109617_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.724px;top:126.3px;display:flex;">(13)</div><div id="a109620_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:126.3px;display:flex;">(12)</div><div id="a109623" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:139.1px;">+0.50% </div><div id="a109626_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:436.137px;top:139.1px;">3</div><div id="a109629_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:510.924px;top:139.1px;">84</div><div id="a109632_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.937px;top:139.1px;">16</div><div id="a109635_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.444px;top:139.1px;">15</div><div id="a109638" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:152.3px;">+1.00% </div><div id="a109641_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:436.137px;top:152.3px;">5</div><div id="a109644_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.724px;top:152.3px;">179</div><div id="a109647_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.937px;top:152.3px;">32</div><div id="a109650_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.444px;top:152.3px;">31</div><div id="a109653" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:164.6px;">Real GDP growth (relative change) </div><div id="a109660" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:177.4px;">–2.00% </div><div id="a109664_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:436.137px;top:177.4px;">7</div><div id="a109667_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:510.924px;top:177.4px;">13</div><div id="a109670_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.937px;top:177.4px;">18</div><div id="a109673_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.444px;top:177.4px;">11</div><div id="a109676" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:190.6px;">–1.00% </div><div id="a109680_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:436.137px;top:190.6px;">3</div><div id="a109683_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:515.657px;top:190.6px;">7</div><div id="a109686_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:594.657px;top:190.6px;">9</div><div id="a109689_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.177px;top:190.6px;">5</div><div id="a109692" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:203.4px;">+1.00% </div><div id="a109695_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.937px;top:203.4px;display:flex;">(3)</div><div id="a109698_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:510.457px;top:203.4px;display:flex;">(7)</div><div id="a109701_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:203.4px;display:flex;">(9)</div><div id="a109704_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:203.4px;display:flex;">(5)</div><div id="a109707" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:216.7px;">+2.00% </div><div id="a109710_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.937px;top:216.7px;display:flex;">(5)</div><div id="a109713_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.724px;top:216.7px;display:flex;">(13)</div><div id="a109716_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.724px;top:216.7px;display:flex;">(18)</div><div id="a109719_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:216.7px;display:flex;">(10)</div><div id="a109722" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:229px;">House Price Index (relative change) </div><div id="a109729" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:242.2px;">–5.00% </div><div id="a109733_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:431.417px;top:242.2px;">15</div><div id="a109736_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.724px;top:242.2px;">196</div><div id="a109739_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.937px;top:242.2px;">88</div><div id="a109742_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.444px;top:242.2px;">56</div><div id="a109745" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:255px;">–2.50% </div><div id="a109749_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:436.137px;top:255px;">7</div><div id="a109752_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:510.924px;top:255px;">92</div><div id="a109755_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.937px;top:255px;">40</div><div id="a109758_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.444px;top:255px;">25</div><div id="a109761" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:268.2px;">+2.50% </div><div id="a109764_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.937px;top:268.2px;display:flex;">(4)</div><div id="a109767_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.724px;top:268.2px;display:flex;">(83)</div><div id="a109770_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.724px;top:268.2px;display:flex;">(35)</div><div id="a109773_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:268.2px;display:flex;">(19)</div><div id="a109776" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:281px;">+5.00% </div><div id="a109779_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.937px;top:281px;display:flex;">(7)</div><div id="a109782_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.99px;top:281px;display:flex;">(157)</div><div id="a109785_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.724px;top:281px;display:flex;">(65)</div><div id="a109788_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:281px;display:flex;">(36)</div><div id="a109791" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:293.3px;">Equity (S&amp;P500, EuroStoxx, SMI)<div style="display:inline-block;width:3.73px"> </div>(relative change) </div><div id="a109798" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:306.6px;">–10.00% </div><div id="a109802_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:436.137px;top:306.6px;">4</div><div id="a109805_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:515.657px;top:306.6px;">7</div><div id="a109808_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:594.657px;top:306.6px;">6</div><div id="a109811_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.177px;top:306.6px;">5</div><div id="a109814" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:319.3px;">–5.00% </div><div id="a109818_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:436.137px;top:319.3px;">2</div><div id="a109821_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:515.657px;top:319.3px;">3</div><div id="a109824_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:594.657px;top:319.3px;">3</div><div id="a109827_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.177px;top:319.3px;">2</div><div id="a109830" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:332.6px;">+5.00% </div><div id="a109833_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.937px;top:332.6px;display:flex;">(2)</div><div id="a109836_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:510.457px;top:332.6px;display:flex;">(4)</div><div id="a109839_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:332.6px;display:flex;">(3)</div><div id="a109842_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:332.6px;display:flex;">(2)</div><div id="a109845" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:345.4px;">+10.00% </div><div id="a109848_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.937px;top:345.4px;display:flex;">(4)</div><div id="a109851_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:510.457px;top:345.4px;display:flex;">(8)</div><div id="a109854_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:345.4px;display:flex;">(7)</div><div id="a109857_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:345.4px;display:flex;">(5)</div></div></div></div><div id="TextBlockContainer570" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:190px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a109860" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Sensitivities<div style="display:inline-block;width:6.94px"> </div>can<div style="display:inline-block;width:7.09px"> </div>be<div style="display:inline-block;width:7.36px"> </div>more<div style="display:inline-block;width:7.27px"> </div>meaningfully<div style="display:inline-block;width:7.08px"> </div>assessed<div style="display:inline-block;width:7.49px"> </div>in<div style="display:inline-block;width:7.19px"> </div>the<div style="display:inline-block;width:7.14px"> </div>context<div style="display:inline-block;width:6.79px"> </div>of<div style="display:inline-block;width:7.14px"> </div>coherent<div style="display:inline-block;width:7.43px"> </div>scenarios<div style="display:inline-block;width:6.66px"> </div>with<div style="display:inline-block;width:7.14px"> </div>consistently<div style="display:inline-block;width:6.88px"> </div>developed </div><div id="a109864" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.2px;">macroeconomic<div style="display:inline-block;width:6.97px"> </div>factors.<div style="display:inline-block;width:6.88px"> </div>The<div style="display:inline-block;width:6.82px"> </div>table<div style="display:inline-block;width:6.6px"> </div>above<div style="display:inline-block;width:6.86px"> </div>outlines<div style="display:inline-block;width:6.91px"> </div>favorable<div style="display:inline-block;width:6.41px"> </div>and<div style="display:inline-block;width:7.03px"> </div>unfavorable<div style="display:inline-block;width:6.82px"> </div>effects,<div style="display:inline-block;width:6.35px"> </div>based<div style="display:inline-block;width:7.07px"> </div>on<div style="display:inline-block;width:6.55px"> </div>reasonably<div style="display:inline-block;width:7.06px"> </div>possible </div><div id="a109870" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.3px;">alternative changes to<div style="display:inline-block;width:1.69px"> </div>the economic conditions<div style="display:inline-block;width:2.12px"> </div>for stage 1 and<div style="display:inline-block;width:2.05px"> </div>stage 2 positions. The<div style="display:inline-block;width:1.53px"> </div>ECL impact<div style="display:inline-block;width:2.08px"> </div>is calculated for<div style="display:inline-block;width:1.58px"> </div>material </div><div id="a109876" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.4px;">portfolios and disclosed for each<div style="display:inline-block;width:5.05px"> </div>scenario.<div style="display:inline-block;width:11.53px"> </div></div><div id="a109882" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:68.6px;">The forecasting horizon is limited to three years, with a model<div style="display:inline-block;width:1.65px"> </div>-based mean reversion of PD and LGD assumed thereafter. </div><div id="a109885" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:83.8px;">Changes to these timelines may have<div style="display:inline-block;width:5.1px"> </div>an effect on ECLs: depending<div style="display:inline-block;width:5.69px"> </div>on the cycle, a longer or shorter forecasting horizon </div><div id="a109890" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:98.9px;">will lead to different annualized lifetime PD and average LGD estimations. This is currently not deemed to be material for </div><div id="a109891" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:114.5px;">UBS,<div style="display:inline-block;width:4.75px"> </div>as a large proportion<div style="display:inline-block;width:5.48px"> </div>of loans,<div style="display:inline-block;width:4.92px"> </div>including mortgages<div style="display:inline-block;width:5.53px"> </div>in Switzerland, have<div style="display:inline-block;width:5.09px"> </div>maturities that are<div style="display:inline-block;width:5.35px"> </div>within the<div style="display:inline-block;width:5.03px"> </div>forecasting </div><div id="a109905" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:129.6px;">horizon. </div><div id="a109907" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:152.3px;">Scenario weights and stage allocation </div><div id="a109914" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:157.6px;"> </div><div id="a109915" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;left:4.905px;top:180.7px;">Potential effect<div style="display:inline-block;width:1.25px"> </div>on stage 1 and stage<div style="display:inline-block;width:0.87px"> </div>2 positions from<div style="display:inline-block;width:1.13px"> </div>changing scenario<div style="display:inline-block;width:0.72px"> </div>weights or moving to<div style="display:inline-block;width:0.71px"> </div>an ECL lifetime<div style="display:inline-block;width:1.39px"> </div>calculation<div style="display:inline-block;width:1.34px"> </div>as of 31 December<div style="display:inline-block;width:1.17px"> </div>2022</div></div><div id="TextBlockContainer573" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:687px;height:220px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a109929" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.044px;top:23.2px;">Actual ECL </div><div id="a109930" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:226.99px;top:35px;">allowances and </div><div id="a109931" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.524px;top:46.4px;">provisions, </div><div id="a109932" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:220.844px;top:58.2px;">including staging </div><div id="a109933" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:228.417px;top:70px;">(as per Note 9) </div><div id="a109936" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:334.884px;top:58.2px;"><div style="display:inline-block;width:4.76px"> </div>Pro forma ECL allowances and provisions,<div style="display:inline-block;width:3.71px"> </div>including staging </div><div id="a109939" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.31px;top:70px;"><div style="display:inline-block;width:2.37px"> </div>and assuming application of 100% scenario weighting<div style="display:inline-block;width:6.69px"> </div></div><div id="a109945" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:626.377px;top:0px;">Pro forma ECL </div><div id="a109946" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:622.124px;top:11.3px;">allowances and </div><div id="a109947" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:639.617px;top:23.2px;">provisions, </div><div id="a109948" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.004px;top:35px;">assuming all </div><div id="a109949" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.07px;top:46.4px;">positions being </div><div id="a109950" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.604px;top:58.2px;">subject to lifetime </div><div id="a109951" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.71px;top:70px;">ECL<div style="display:inline-block;width:2.47px"> </div></div><div id="a109953" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:105.5px;">Scenarios </div><div id="a109956" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:216.59px;top:105.5px;">Weighted average </div><div id="a109959" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:306.497px;top:105.5px;">100% Baseline </div><div id="a109962" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:376.057px;top:94.1px;">100% Asset price </div><div id="a109964" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.084px;top:105.5px;">inflation </div><div id="a109967" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:497.217px;top:82.3px;">100% </div><div id="a109968" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:469.284px;top:94.1px;">Stagflationary </div><div id="a109969" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.924px;top:105.5px;">geopolitical crisis<div style="display:inline-block;width:2.91px"> </div></div><div id="a109972" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.844px;top:105.5px;">100% Global crisis<div style="display:inline-block;width:3.31px"> </div></div><div id="a109975" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:611.724px;top:105.5px;">Weighted average </div><div id="a109977" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:118.3px;">USD m, except where indicated </div><div id="a109991" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:131.1px;">Segmentation </div><div id="a110005" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:143.8px;">Private clients with mortgages </div><div id="a110008_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.444px;top:143.8px;display:flex;">(136)</div><div id="a110012_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:347.684px;top:143.8px;display:flex;">(25)</div><div id="a110016_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.217px;top:143.8px;display:flex;">(13)</div><div id="a110020_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.524px;top:143.8px;display:flex;">(523)</div><div id="a110024_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:579.524px;top:143.8px;display:flex;">(184)</div><div id="a110028_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:658.564px;top:143.8px;display:flex;">(473)</div><div id="a110031" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:157.1px;">Real estate financing </div><div id="a110034_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:268.644px;top:157.1px;display:flex;">(43)</div><div id="a110038_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:347.684px;top:157.1px;display:flex;">(26)</div><div id="a110042_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.217px;top:157.1px;display:flex;">(22)</div><div id="a110046_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.524px;top:157.1px;display:flex;">(176)</div><div id="a110050_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.257px;top:157.1px;display:flex;">(30)</div><div id="a110054_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:658.564px;top:157.1px;display:flex;">(126)</div><div id="a110057" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:170.3px;">Large corporate clients </div><div id="a110060_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.444px;top:170.3px;display:flex;">(136)</div><div id="a110064_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:347.684px;top:170.3px;display:flex;">(97)</div><div id="a110068_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.217px;top:170.3px;display:flex;">(84)</div><div id="a110072_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.524px;top:170.3px;display:flex;">(199)</div><div id="a110076_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:579.524px;top:170.3px;display:flex;">(174)</div><div id="a110080_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:658.564px;top:170.3px;display:flex;">(235)</div><div id="a110083" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:183.5px;">SME clients </div><div id="a110086_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:268.644px;top:183.5px;display:flex;">(86)</div><div id="a110090_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:347.684px;top:183.5px;display:flex;">(67)</div><div id="a110094_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.217px;top:183.5px;display:flex;">(66)</div><div id="a110098_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.524px;top:183.5px;display:flex;">(162)</div><div id="a110102_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.257px;top:183.5px;display:flex;">(97)</div><div id="a110106_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:658.564px;top:183.5px;display:flex;">(153)</div><div id="a110109" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:196.8px;">Other segments </div><div id="a110112_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.444px;top:196.8px;display:flex;">(125)</div><div id="a110116_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.47px;top:196.8px;display:flex;">(114)</div><div id="a110120_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.484px;top:196.8px;display:flex;">(111)</div><div id="a110124_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.524px;top:196.8px;display:flex;">(145)</div><div id="a110128_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:579.524px;top:196.8px;display:flex;">(153)</div><div id="a110132_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:658.564px;top:196.8px;display:flex;">(281)</div><div id="a110135" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:210.1px;">Total </div><div id="a110138_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.444px;top:210.1px;display:flex;">(526)</div><div id="a110142_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.47px;top:210.1px;display:flex;">(329)</div><div id="a110146_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.484px;top:210.1px;display:flex;">(295)</div><div id="a110150_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:493.39px;top:210.1px;display:flex;">(1,204)</div><div id="a110154_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:579.524px;top:210.1px;display:flex;">(638)</div><div id="a110158_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:651.47px;top:210.1px;display:flex;">(1,267)</div></div><div id="TextBlockContainer576" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:113px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a110161" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Scenario weights </div><div id="a110164" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">ECL is sensitive to changing scenario weights,<div style="display:inline-block;width:5.19px"> </div>in particular if narratives and parameters are<div style="display:inline-block;width:5.03px"> </div>selected that are not close to </div><div id="a110168" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.3px;">the baseline scenario, highlighting<div style="display:inline-block;width:5.33px"> </div>the non-linearity of credit losses. </div><div id="a110172" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.5px;">As<div style="display:inline-block;width:5.4px"> </div>shown<div style="display:inline-block;width:5.49px"> </div>in the<div style="display:inline-block;width:6.46px"> </div>table<div style="display:inline-block;width:5.18px"> </div>above,<div style="display:inline-block;width:5.03px"> </div>the<div style="display:inline-block;width:5.25px"> </div>ECLs<div style="display:inline-block;width:5.26px"> </div>for stage 1<div style="display:inline-block;width:6.59px"> </div>and<div style="display:inline-block;width:5.13px"> </div>stage 2<div style="display:inline-block;width:6.08px"> </div>positions<div style="display:inline-block;width:5.27px"> </div>would<div style="display:inline-block;width:5.43px"> </div>have been<div style="display:inline-block;width:6.68px"> </div>USD </div><div id="a110172_92_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:567.538px;top:53.5px;">329</div><div id="a110172_95_15" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:590.231px;top:53.5px;">m (31<div style="display:inline-block;width:5.23px"> </div>December </div><div id="a110189" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:68.6px;">2021:<div style="display:inline-block;width:5.67px"> </div>USD </div><div id="a110189_10_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:71.617px;top:68.6px;">387</div><div id="a110189_13_18" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:94.345px;top:68.6px;">m)<div style="display:inline-block;width:5.15px"> </div>instead of<div style="display:inline-block;width:6.53px"> </div>USD </div><div id="a110189_31_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:205.072px;top:68.6px;">526</div><div id="a110189_34_25" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:227.298px;top:68.6px;">m<div style="display:inline-block;width:5.05px"> </div>(31 December<div style="display:inline-block;width:5.22px"> </div>2021:<div style="display:inline-block;width:5.71px"> </div>USD </div><div id="a110189_59_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:395.311px;top:68.6px;">503</div><div id="a110189_62_45" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:417.538px;top:68.6px;">m)<div style="display:inline-block;width:5.15px"> </div>if ECLs<div style="display:inline-block;width:6.49px"> </div>had<div style="display:inline-block;width:5.13px"> </div>been<div style="display:inline-block;width:5.13px"> </div>determined<div style="display:inline-block;width:5.24px"> </div>solely<div style="display:inline-block;width:5.04px"> </div>on<div style="display:inline-block;width:5.61px"> </div>the </div><div id="a110205" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:83.5px;">baseline scenario</div><div id="a110206" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:100.965px;top:83.7px;">. The weighted-average ECL<div style="display:inline-block;width:5.04px"> </div>therefore amounted<div style="display:inline-block;width:5.23px"> </div>to </div><div id="a110206_49_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:398.584px;top:83.7px;">160</div><div id="a110206_52_21" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:421.312px;top:83.7px;">% (31 December 2021: </div><div id="a110206_73_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:559.505px;top:83.7px;">130</div><div id="a110206_76_19" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:581.725px;top:83.7px;">%) of the baseline </div><div id="a110222" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.3px;">value. The effects of weighting<div style="display:inline-block;width:5.1px"> </div>each of the four scenarios 100%<div style="display:inline-block;width:5.3px"> </div>are shown in the table above.</div></div><div id="TextBlockContainer578" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:380px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a110265" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Stage allocation and SICR </div><div id="a110270" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">The determination<div style="display:inline-block;width:5.02px"> </div>of what<div style="display:inline-block;width:5.04px"> </div>constitutes an<div style="display:inline-block;width:5.13px"> </div>SICR is<div style="display:inline-block;width:5.03px"> </div>based on<div style="display:inline-block;width:5.28px"> </div>management judgment,<div style="display:inline-block;width:5.51px"> </div>as explained<div style="display:inline-block;width:5.08px"> </div>in Note 1a.<div style="display:inline-block;width:5.68px"> </div>Changing </div><div id="a110279" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.3px;">the SICR trigger will have a direct effect on ECLs, as more or fewer positions would be subject to lifetime ECLs under any </div><div id="a110280" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">scenario.<div style="display:inline-block;width:3.91px"> </div></div><div id="a110282" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:68.6px;">The<div style="display:inline-block;width:5.4px"> </div>relevance of<div style="display:inline-block;width:6.55px"> </div>the<div style="display:inline-block;width:5.25px"> </div>SICR trigger<div style="display:inline-block;width:6.34px"> </div>on<div style="display:inline-block;width:5.13px"> </div>overall ECL<div style="display:inline-block;width:6.31px"> </div>is<div style="display:inline-block;width:5.15px"> </div>demonstrated<div style="display:inline-block;width:5.67px"> </div>in<div style="display:inline-block;width:5.33px"> </div>the table<div style="display:inline-block;width:6.28px"> </div>above with<div style="display:inline-block;width:6.54px"> </div>the<div style="display:inline-block;width:5.25px"> </div>indication that<div style="display:inline-block;width:6.29px"> </div>the<div style="display:inline-block;width:5.25px"> </div>ECL </div><div id="a110290" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:83.7px;">allowances and provisions<div style="display:inline-block;width:5.19px"> </div>for stage 1 and stage 2 positions<div style="display:inline-block;width:5.44px"> </div>would have been USD </div><div id="a110290_80_5" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:476.205px;top:83.7px;">1,267</div><div id="a110290_85_33" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:509.818px;top:83.7px;">m, if all non-impaired positions </div><div id="a110304" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:98.9px;">across the<div style="display:inline-block;width:5.07px"> </div>portfolio had been<div style="display:inline-block;width:5.51px"> </div>measured for<div style="display:inline-block;width:5.12px"> </div>lifetime ECLs irrespective of<div style="display:inline-block;width:5.63px"> </div>their actual SICR<div style="display:inline-block;width:5.67px"> </div>status. This<div style="display:inline-block;width:5.33px"> </div>amount compares </div><div id="a110309" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:114.5px;">with actual stage 1 and 2<div style="display:inline-block;width:5.06px"> </div>allowances and provisions of USD </div><div id="a110309_59_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:348.458px;top:114.5px;">526</div><div id="a110309_62_26" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:370.685px;top:114.5px;">m as of 31 December 2022. </div><div id="a110322" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:137.2px;">Maturity profile </div><div id="a110325" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:152.3px;">The maturity<div style="display:inline-block;width:5.74px"> </div>profile is<div style="display:inline-block;width:5.85px"> </div>an important<div style="display:inline-block;width:5.87px"> </div>driver in<div style="display:inline-block;width:5.94px"> </div>ECLs, in<div style="display:inline-block;width:6.17px"> </div>particular for<div style="display:inline-block;width:5.21px"> </div>transactions<div style="display:inline-block;width:5.61px"> </div>in stage<div style="display:inline-block;width:5.5px"> </div>2.<div style="display:inline-block;width:5.04px"> </div>A transfer<div style="display:inline-block;width:5.1px"> </div>of a<div style="display:inline-block;width:5.83px"> </div>transaction </div><div id="a110327" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:167.9px;">into stage<div style="display:inline-block;width:2.24px"> </div>2 may<div style="display:inline-block;width:1.84px"> </div>therefore have a<div style="display:inline-block;width:1.9px"> </div>significant effect on ECLs.<div style="display:inline-block;width:1.65px"> </div>The current maturity<div style="display:inline-block;width:2.04px"> </div>profile of most<div style="display:inline-block;width:1.75px"> </div>lending books is relatively </div><div id="a110329" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183.1px;">short.<div style="display:inline-block;width:4.07px"> </div></div><div id="a110331" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:205.8px;">Lending<div style="display:inline-block;width:5.23px"> </div>to large<div style="display:inline-block;width:5.77px"> </div>corporate clients<div style="display:inline-block;width:5.41px"> </div>is generally<div style="display:inline-block;width:5.56px"> </div>between<div style="display:inline-block;width:5.27px"> </div>one<div style="display:inline-block;width:5.13px"> </div>and two<div style="display:inline-block;width:5.39px"> </div>years, with<div style="display:inline-block;width:5.63px"> </div>related loan<div style="display:inline-block;width:6.11px"> </div>commitments up<div style="display:inline-block;width:6.04px"> </div>to four </div><div id="a110333" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:220.9px;">years. Real estate lending is generally between<div style="display:inline-block;width:5.26px"> </div>two and three years in Switzerland, with long<div style="display:inline-block;width:5.44px"> </div>dated maturities in the US. </div><div id="a110334" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:236.5px;">Lombard-lending<div style="display:inline-block;width:6.96px"> </div>contracts<div style="display:inline-block;width:6.21px"> </div>typically<div style="display:inline-block;width:6.22px"> </div>have<div style="display:inline-block;width:6.62px"> </div>average<div style="display:inline-block;width:6.47px"> </div>contractual<div style="display:inline-block;width:6.73px"> </div>maturities<div style="display:inline-block;width:6.26px"> </div>of<div style="display:inline-block;width:6.2px"> </div>12<div style="display:inline-block;width:6.55px"> </div>months<div style="display:inline-block;width:6.97px"> </div>or<div style="display:inline-block;width:6.2px"> </div>less,<div style="display:inline-block;width:6.25px"> </div>and<div style="display:inline-block;width:6.55px"> </div>include<div style="display:inline-block;width:6.34px"> </div>callable </div><div id="a110339" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:251.7px;">features. </div><div id="a110341" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:274.9px;">A<div style="display:inline-block;width:6.3px"> </div>significant<div style="display:inline-block;width:5.98px"> </div>portion<div style="display:inline-block;width:6.55px"> </div>of<div style="display:inline-block;width:6.2px"> </div>our<div style="display:inline-block;width:6.4px"> </div>lending<div style="display:inline-block;width:6.28px"> </div>to<div style="display:inline-block;width:5.72px"> </div>SMEs<div style="display:inline-block;width:6.25px"> </div>and<div style="display:inline-block;width:6.08px"> </div>Real<div style="display:inline-block;width:6.25px"> </div>estate<div style="display:inline-block;width:5.89px"> </div>financings<div style="display:inline-block;width:6.44px"> </div>is<div style="display:inline-block;width:6.09px"> </div>documented<div style="display:inline-block;width:6.18px"> </div>under<div style="display:inline-block;width:6.6px"> </div>multi-purpose<div style="display:inline-block;width:6.73px"> </div>credit </div><div id="a110344" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:290px;">agreements,<div style="display:inline-block;width:5.07px"> </div>which allow<div style="display:inline-block;width:6.08px"> </div>for various<div style="display:inline-block;width:6.14px"> </div>forms of<div style="display:inline-block;width:5.62px"> </div>utilization<div style="display:inline-block;width:5.36px"> </div>but are<div style="display:inline-block;width:6.12px"> </div>unconditionally cancelable<div style="display:inline-block;width:6.33px"> </div>by UBS<div style="display:inline-block;width:6.14px"> </div>at any<div style="display:inline-block;width:5.63px"> </div>time: a)<div style="display:inline-block;width:6.05px"> </div>for </div><div id="a110346" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:305.2px;">drawings under such agreements with a fixed maturity, the respective term is<div style="display:inline-block;width:2.19px"> </div>applied for ECL calculations, or a maximum </div><div id="a110347" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:320.8px;">of 12 months in stage</div><div id="a110348" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:130.792px;top:320.6px;"> </div><div id="a110349" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:133.632px;top:320.8px;">1; b) for unused<div style="display:inline-block;width:5.46px"> </div>credit lines and all drawings<div style="display:inline-block;width:5.24px"> </div>that have no fixed<div style="display:inline-block;width:5.56px"> </div>maturity (e.g., current<div style="display:inline-block;width:5.08px"> </div>accounts), </div><div id="a110351" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:335.9px;">UBS generally applies a 12-month maturity from the reporting<div style="display:inline-block;width:5.03px"> </div>date, given the credit review policies, which require either </div><div id="a110354" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:351.1px;">continuous monitoring of key indicators and behavioral patterns<div style="display:inline-block;width:5.17px"> </div>for smaller positions or an annual formal review for any </div><div id="a110356" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:366.7px;">other limit. The ECLs for these products<div style="display:inline-block;width:5.25px"> </div>are sensitive to shortening<div style="display:inline-block;width:5.09px"> </div>or extending the maturity assumption.</div></div> 29000000 29000000 0 29000000 123000000 13000000 -77000000 -30000000 -21000000 -16000000 9000000 0 12000000 5000000 -18000000 -28000000 10000000 <div id="TextBlockContainer500" style="position:relative;font-family:'Frutiger';font-size:11.823px;color:#000000;line-height:normal;width:689px;height:244px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_498_XBRL_TS_813eaa23a56d4244baea0847e5bc08b7" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer499" style="position:relative;font-family:'Frutiger';font-size:11.823px;color:#000000;line-height:normal;width:689px;height:244px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a101868" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.38px;top:0px;">Credit loss expense<div style="display:inline-block;width:4.7px"> </div>/ (release) </div><div id="a101876" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:4.38px;top:38.4px;">USD m </div><div id="a101878" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:305.816px;top:15.2px;">Global<div style="display:inline-block;width:2.45px"> </div></div><div id="a101880" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:303.442px;top:27px;">Wealth<div style="display:inline-block;width:2.81px"> </div></div><div id="a101882" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:280.709px;top:38.4px;">Management </div><div id="a101884" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:360.229px;top:15.2px;">Personal &amp;<div style="display:inline-block;width:3.22px"> </div></div><div id="a101886" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:362.589px;top:27px;">Corporate<div style="display:inline-block;width:2.93px"> </div></div><div id="a101888" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:369.216px;top:38.4px;">Banking </div><div id="a101890" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:450.136px;top:27px;">Asset </div><div id="a101892" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:421.736px;top:38.4px;">Management </div><div id="a101894" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:500.776px;top:27px;">Investment<div style="display:inline-block;width:2.53px"> </div></div><div id="a101896" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:522.056px;top:38.4px;">Bank </div><div id="a101898" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:587.816px;top:27px;">Group<div style="display:inline-block;width:2.66px"> </div></div><div id="a101900" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:576.002px;top:38.4px;">Functions </div><div id="a101902" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:662.602px;top:38.4px;">Total </div><div id="a101904" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:4.38px;top:51.6px;">For the year ended<div style="display:inline-block;width:3.9px"> </div>31.12.22 </div><div id="a101912" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:66.3px;">Stages 1 and 2 </div><div id="a101914" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:319.056px;top:66.3px;display:flex;">(5)</div><div id="a101916" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:386.242px;top:66.3px;">27</div><div id="a101918" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:462.442px;top:66.3px;">0</div><div id="a101920" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:532.456px;top:66.3px;">6</div><div id="a101922" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:602.509px;top:66.3px;">1</div><div id="a101924" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:667.802px;top:66.3px;">29</div><div id="a101926" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:80.9px;">Stage 3 </div><div id="a101928" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:320.949px;top:80.9px;">5</div><div id="a101930" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:386.242px;top:80.9px;">12</div><div id="a101932" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:462.442px;top:80.9px;">0</div><div id="a101934" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:525.842px;top:80.9px;display:flex;">(18)</div><div id="a101936" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:602.509px;top:80.9px;">2</div><div id="a101938" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:672.536px;top:80.9px;">0</div><div id="a101940" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:94.6px;">Total credit loss expense /<div style="display:inline-block;width:3.87px"> </div>(release) </div><div id="a101942" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:320.949px;top:94.6px;">0</div><div id="a101944" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:386.242px;top:94.6px;">39</div><div id="a101946" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:462.442px;top:94.6px;">0</div><div id="a101948" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:525.842px;top:94.6px;display:flex;">(12)</div><div id="a101950" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:602.509px;top:94.6px;">3</div><div id="a101952" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:667.802px;top:94.6px;">29</div><div id="a101961" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:121.6px;">For the year ended<div style="display:inline-block;width:3.96px"> </div>31.12.21 </div><div id="a101970" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:136.3px;">Stages 1 and 2 </div><div id="a101972" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:314.322px;top:136.3px;display:flex;">(28)</div><div id="a101974" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:384.349px;top:136.3px;display:flex;">(62)</div><div id="a101976" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:463.389px;top:136.3px;">0</div><div id="a101978" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:525.842px;top:136.3px;display:flex;">(34)</div><div id="a101980" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:603.936px;top:136.3px;">0</div><div id="a101982" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:661.189px;top:136.3px;display:flex;">(123)</div><div id="a101984" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:150.5px;">Stage 3 </div><div id="a101986" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:319.056px;top:150.5px;display:flex;">(1)</div><div id="a101988" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:384.349px;top:150.5px;display:flex;">(24)</div><div id="a101990" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:463.389px;top:150.5px;">1</div><div id="a101992" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:533.882px;top:150.5px;">0</div><div id="a101994" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:603.936px;top:150.5px;">0</div><div id="a101996" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:665.909px;top:150.5px;display:flex;">(25)</div><div id="a101998" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:164.7px;">Total credit loss expense /<div style="display:inline-block;width:3.87px"> </div>(release) </div><div id="a102000" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:314.322px;top:164.7px;display:flex;">(29)</div><div id="a102002" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:384.349px;top:164.7px;display:flex;">(86)</div><div id="a102004" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:462.442px;top:164.7px;">1</div><div id="a102006" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:525.842px;top:164.7px;display:flex;">(34)</div><div id="a102008" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:602.509px;top:164.7px;">0</div><div id="a102010" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:661.189px;top:164.7px;display:flex;">(148)</div><div id="a102019" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:191.2px;">For the year ended<div style="display:inline-block;width:3.9px"> </div>31.12.20 </div><div id="a102027" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:205.8px;">Stages 1 and 2 </div><div id="a102029" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:317.629px;top:205.8px;">48</div><div id="a102031" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:382.922px;top:205.8px;">129</div><div id="a102033" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:463.389px;top:205.8px;">0</div><div id="a102035" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:529.149px;top:205.8px;">88</div><div id="a102037" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:603.936px;top:205.8px;">0</div><div id="a102039" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:664.496px;top:205.8px;">266</div><div id="a102041" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:220.5px;">Stage 3 </div><div id="a102043" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:317.629px;top:220.5px;">40</div><div id="a102045" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:382.922px;top:220.5px;">128</div><div id="a102047" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:463.389px;top:220.5px;">2</div><div id="a102049" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:524.416px;top:220.5px;">217</div><div id="a102051" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:599.176px;top:220.5px;">42</div><div id="a102053" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:664.496px;top:220.5px;">429</div><div id="a102055" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:234.2px;">Total credit loss expense /<div style="display:inline-block;width:3.87px"> </div>(release) </div><div id="a102057" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:316.216px;top:234.2px;">88</div><div id="a102059" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:381.509px;top:234.2px;">257</div><div id="a102061" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:462.442px;top:234.2px;">2</div><div id="a102063" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:523.002px;top:234.2px;">305</div><div id="a102065" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:597.749px;top:234.2px;">42</div><div id="a102067" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:663.069px;top:234.2px;">694</div></div></div></div> -5000000 27000000 0 6000000 1000000 29000000 5000000 12000000 0 -18000000 2000000 0 0 39000000 0 -12000000 3000000 29000000 -28000000 -62000000 0 -34000000 0 -123000000 -1000000 -24000000 1000000 0 0 -25000000 -29000000 -86000000 1000000 -34000000 0 -148000000 48000000 129000000 0 88000000 0 266000000 40000000 128000000 2000000 217000000 42000000 429000000 88000000 257000000 2000000 305000000 42000000 694000000 30000000 19000000 11000000 0 0.05 0.60 0.25 0.10 0.15 0.30 -131000000 -224000000 <div id="TextBlockContainer508" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:688px;height:107px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_506_XBRL_TS_57da1a25bb56496eab98c19ea814dbac" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer507" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:688px;height:107px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a102580" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Economic scenarios and weights applied </div><div id="a102594" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.155px;top:13.4px;">Assigned weights in % </div><div id="a102596" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:3.679px;top:27.1px;">ECL scenario </div><div id="a102603" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:446.608px;top:27.1px;">31.12.22 </div><div id="a102608" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:646.742px;top:27.1px;">31.12.21 </div><div id="a102610" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:40.4px;">Asset price inflation </div><div id="a102618_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.355px;top:40.4px;">0.0</div><div id="a102624_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:40.4px;">5.0</div><div id="a102627" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:54.6px;">Baseline </div><div id="a102634_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.155px;top:54.6px;">60.0</div><div id="a102640_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.315px;top:54.6px;">55.0</div><div id="a102643" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:68.8px;">Mild global interest rate steepening<div style="display:inline-block;width:3.63px"> </div></div><div id="a102650_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.355px;top:68.8px;">0.0</div><div id="a102656_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.315px;top:68.8px;">10.0</div><div id="a102659" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:83px;">Stagflationary geopolitical crisis </div><div id="a102666_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.155px;top:83px;">25.0</div><div id="a102672_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:83px;">0.0</div><div id="a102675" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:97.2px;">Global crisis<div style="display:inline-block;width:2.98px"> </div></div><div id="a102682_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.155px;top:97.2px;">15.0</div><div id="a102688_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.315px;top:97.2px;">30.0</div></div></div></div> 0.000 0.050 0.600 0.550 0.000 0.100 0.250 0.000 0.150 0.300 <div id="TextBlockContainer512" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:694px;height:375px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_510_XBRL_TS_197da722938f4125827bde80a072b980" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer511" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:694px;height:375px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a102692" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Scenario assumptions </div><div id="a102695" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:369.462px;top:0.2px;">One year<div style="display:inline-block;width:2.86px"> </div></div><div id="a102698" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:546.422px;top:0.2px;">Three years cumulative<div style="display:inline-block;width:3.68px"> </div></div><div id="a102700" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:3.679px;top:36.1px;">31.12.22 </div><div id="a102703" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:291.395px;top:24.3px;">Asset price </div><div id="a102704" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:301.328px;top:36.1px;">inflation </div><div id="a102706" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.182px;top:36.1px;">Baseline </div><div id="a102708" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:384.595px;top:12.5px;">Stagflationary </div><div id="a102709" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:393.128px;top:24.3px;">geopolitical </div><div id="a102710" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:417.728px;top:36.1px;">crisis<div style="display:inline-block;width:2.37px"> </div></div><div id="a102712" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:458.902px;top:24.3px;">Global </div><div id="a102713" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.048px;top:36.1px;">crisis<div style="display:inline-block;width:2.39px"> </div></div><div id="a102716" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:493.888px;top:24.3px;">Asset price </div><div id="a102717" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:503.862px;top:36.1px;">inflation </div><div id="a102719" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:550.235px;top:36.1px;">Baseline </div><div id="a102721" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:586.648px;top:12.5px;">Stagflationary </div><div id="a102722" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.155px;top:24.3px;">geopolitical </div><div id="a102723" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:619.782px;top:36.1px;">crisis<div style="display:inline-block;width:2.39px"> </div></div><div id="a102725" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:660.955px;top:24.3px;">Global </div><div id="a102726" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:667.102px;top:36.1px;">crisis<div style="display:inline-block;width:2.39px"> </div></div><div id="a102728" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:48.4px;">Real GDP growth (% change) </div><div id="a102740" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:61.7px;">United States </div><div id="a102743_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:319.302px;top:61.7px;">4.0</div><div id="a102746_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:361.422px;top:61.7px;display:flex;">(0.3)</div><div id="a102749_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.195px;top:61.7px;display:flex;">(4.8)</div><div id="a102752_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.515px;top:61.7px;display:flex;">(6.4)</div><div id="a102756_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.822px;top:61.7px;">9.1</div><div id="a102759_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.675px;top:61.7px;">3.2</div><div id="a102762_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:620.248px;top:61.7px;display:flex;">(4.4)</div><div id="a102765_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:61.7px;display:flex;">(1.8)</div><div id="a102768" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:75.4px;">Eurozone </div><div id="a102771_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:319.302px;top:75.4px;">3.0</div><div id="a102774_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:75.4px;">0.6</div><div id="a102777_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.195px;top:75.4px;display:flex;">(5.6)</div><div id="a102780_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.515px;top:75.4px;display:flex;">(8.5)</div><div id="a102784_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.822px;top:75.4px;">6.2</div><div id="a102787_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.675px;top:75.4px;">2.5</div><div id="a102790_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:620.248px;top:75.4px;display:flex;">(5.7)</div><div id="a102793_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:75.4px;display:flex;">(8.3)</div><div id="a102796" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:88.6px;">Switzerland </div><div id="a102799_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:319.302px;top:88.6px;">3.0</div><div id="a102802_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:88.6px;">0.7</div><div id="a102805_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.195px;top:88.6px;display:flex;">(4.8)</div><div id="a102808_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.515px;top:88.6px;display:flex;">(6.7)</div><div id="a102812_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.822px;top:88.6px;">6.6</div><div id="a102815_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.675px;top:88.6px;">3.5</div><div id="a102818_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:620.248px;top:88.6px;display:flex;">(4.9)</div><div id="a102821_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:88.6px;display:flex;">(3.7)</div><div id="a102824" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:101.4px;">Consumer price index (% change) </div><div id="a102827" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.115px;top:101.4px;"><div style="display:inline-block;width:2.37px"> </div></div><div id="a102837" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:114.7px;">United States </div><div id="a102840_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:319.302px;top:114.7px;">2.5</div><div id="a102843_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:114.7px;">2.6</div><div id="a102846_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.195px;top:114.7px;">10.0</div><div id="a102849_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.515px;top:114.7px;display:flex;">(0.5)</div><div id="a102853_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.822px;top:114.7px;">8.1</div><div id="a102856_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.675px;top:114.7px;">6.5</div><div id="a102859_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:620.248px;top:114.7px;">15.8</div><div id="a102862_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.782px;top:114.7px;">1.2</div><div id="a102865" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:127.9px;">Eurozone </div><div id="a102868_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:319.302px;top:127.9px;">2.3</div><div id="a102871_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:127.9px;">5.0</div><div id="a102874_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.395px;top:127.9px;">9.6</div><div id="a102877_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.515px;top:127.9px;display:flex;">(0.7)</div><div id="a102881_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.822px;top:127.9px;">7.4</div><div id="a102884_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.675px;top:127.9px;">9.6</div><div id="a102887_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:620.248px;top:127.9px;">14.8</div><div id="a102890_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:127.9px;display:flex;">(0.7)</div><div id="a102893" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:141.1px;">Switzerland </div><div id="a102896_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:319.302px;top:141.1px;">2.1</div><div id="a102899_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:141.1px;">1.6</div><div id="a102902_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.395px;top:141.1px;">5.8</div><div id="a102905_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.515px;top:141.1px;display:flex;">(1.8)</div><div id="a102909_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.822px;top:141.1px;">6.2</div><div id="a102912_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.675px;top:141.1px;">3.9</div><div id="a102915_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:620.248px;top:141.1px;">10.7</div><div id="a102918_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:141.1px;display:flex;">(1.6)</div><div id="a102921" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:153.9px;">Unemployment rate (end-of<div style="display:inline-block;width:1.44px"> </div>-period level, %) </div><div id="a102937" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:167.2px;">United States </div><div id="a102940_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:319.302px;top:167.2px;">3.0</div><div id="a102943_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:167.2px;">3.9</div><div id="a102946_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.395px;top:167.2px;">9.2</div><div id="a102949_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.515px;top:167.2px;">10.0</div><div id="a102953_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.822px;top:167.2px;">3.0</div><div id="a102956_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.675px;top:167.2px;">5.3</div><div id="a102959_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:620.248px;top:167.2px;">11.8</div><div id="a102962_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.782px;top:167.2px;">9.4</div><div id="a102965" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:180.4px;">Eurozone </div><div id="a102968_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:319.302px;top:180.4px;">6.0</div><div id="a102971_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:180.4px;">7.0</div><div id="a102974_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.195px;top:180.4px;">10.9</div><div id="a102977_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.515px;top:180.4px;">11.9</div><div id="a102981_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.822px;top:180.4px;">6.0</div><div id="a102984_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.675px;top:180.4px;">7.1</div><div id="a102987_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:620.248px;top:180.4px;">12.2</div><div id="a102990_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:180.4px;">13.0</div><div id="a102993" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:194.1px;">Switzerland </div><div id="a102996_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:319.302px;top:194.1px;">1.7</div><div id="a102999_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:194.1px;">2.3</div><div id="a103002_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.395px;top:194.1px;">4.3</div><div id="a103005_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:470.728px;top:194.1px;">4.4</div><div id="a103009_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.822px;top:194.1px;">1.5</div><div id="a103012_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.675px;top:194.1px;">2.6</div><div id="a103015_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:625.462px;top:194.1px;">5.1</div><div id="a103018_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.782px;top:194.1px;">4.9</div><div id="a103021" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:206.4px;">Fixed income: 10-year government<div style="display:inline-block;width:3.84px"> </div>bonds (change in yields, basis points) </div><div id="a103036" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:219.7px;">USD </div><div id="a103039_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:314.102px;top:219.7px;">25.0</div><div id="a103042_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:361.422px;top:219.7px;display:flex;">(5.6)</div><div id="a103045_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.475px;top:219.7px;">235.0</div><div id="a103048_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.595px;top:219.7px;display:flex;">(326.0)</div><div id="a103052_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:516.622px;top:219.7px;">70.0</div><div id="a103055_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:558.275px;top:219.7px;display:flex;">(13.2)</div><div id="a103058_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.528px;top:219.7px;">205.0</div><div id="a103061_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.648px;top:219.7px;display:flex;">(291.1)</div><div id="a103064" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:233.4px;">EUR </div><div id="a103067_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:314.102px;top:233.4px;">20.0</div><div id="a103070_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:361.422px;top:233.4px;">47.8</div><div id="a103073_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.475px;top:233.4px;">250.0</div><div id="a103076_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.595px;top:233.4px;display:flex;">(270.6)</div><div id="a103080_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:516.622px;top:233.4px;">57.5</div><div id="a103083_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:563.475px;top:233.4px;">44.7</div><div id="a103086_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.528px;top:233.4px;">220.0</div><div id="a103089_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.648px;top:233.4px;display:flex;">(246.5)</div><div id="a103092" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:246.6px;">CHF </div><div id="a103095_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:314.102px;top:246.6px;">25.0</div><div id="a103098_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:361.422px;top:246.6px;">45.7</div><div id="a103101_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.475px;top:246.6px;">220.0</div><div id="a103104_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.595px;top:246.6px;display:flex;">(209.7)</div><div id="a103108_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:516.622px;top:246.6px;">62.5</div><div id="a103111_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:563.475px;top:246.6px;">57.0</div><div id="a103114_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.528px;top:246.6px;">205.0</div><div id="a103117_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.648px;top:246.6px;display:flex;">(159.6)</div><div id="a103120" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:259.4px;">Equity indices (% change) </div><div id="a103132" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:272.7px;">S&amp;P 500 </div><div id="a103135_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:314.102px;top:272.7px;">20.0</div><div id="a103138_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:272.7px;">7.4</div><div id="a103141_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.995px;top:272.7px;display:flex;">(51.5)</div><div id="a103144_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.315px;top:272.7px;display:flex;">(50.0)</div><div id="a103148_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:516.622px;top:272.7px;">51.7</div><div id="a103151_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:563.475px;top:272.7px;">22.8</div><div id="a103154_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.048px;top:272.7px;display:flex;">(45.6)</div><div id="a103157_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.368px;top:272.7px;display:flex;">(27.9)</div><div id="a103160" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:285.9px;">EuroStoxx 50 </div><div id="a103163_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:314.102px;top:285.9px;">17.0</div><div id="a103166_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:361.422px;top:285.9px;">17.2</div><div id="a103169_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.995px;top:285.9px;display:flex;">(51.6)</div><div id="a103172_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.315px;top:285.9px;display:flex;">(50.0)</div><div id="a103176_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:516.622px;top:285.9px;">42.9</div><div id="a103179_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:563.475px;top:285.9px;">29.2</div><div id="a103182_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.048px;top:285.9px;display:flex;">(47.2)</div><div id="a103185_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.368px;top:285.9px;display:flex;">(39.3)</div><div id="a103188" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:299.2px;">SPI </div><div id="a103191_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:314.102px;top:299.2px;">14.0</div><div id="a103194_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:299.2px;">5.6</div><div id="a103197_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.995px;top:299.2px;display:flex;">(51.6)</div><div id="a103200_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.315px;top:299.2px;display:flex;">(46.0)</div><div id="a103204_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:516.622px;top:299.2px;">37.9</div><div id="a103207_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:563.475px;top:299.2px;">19.3</div><div id="a103210_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.048px;top:299.2px;display:flex;">(47.2)</div><div id="a103213_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.368px;top:299.2px;display:flex;">(32.9)</div><div id="a103216" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:311.9px;">Swiss real estate (% change) </div><div id="a103229" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:325.2px;">Single-Family Homes<div style="display:inline-block;width:3.32px"> </div></div><div id="a103234_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:319.302px;top:325.2px;">6.6</div><div id="a103237_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:325.2px;">1.1</div><div id="a103240_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.995px;top:325.2px;display:flex;">(16.7)</div><div id="a103243_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.315px;top:325.2px;display:flex;">(19.9)</div><div id="a103247_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:516.622px;top:325.2px;">14.0</div><div id="a103250_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.675px;top:325.2px;">2.3</div><div id="a103253_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.048px;top:325.2px;display:flex;">(32.9)</div><div id="a103256_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.368px;top:325.2px;display:flex;">(23.9)</div><div id="a103259" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:337.9px;">Other real estate (% change) </div><div id="a103271" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:351.2px;">United States (S&amp;P / Case–Shiller) </div><div id="a103276_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:319.302px;top:351.2px;">7.8</div><div id="a103279_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:361.422px;top:351.2px;display:flex;">(4.5)</div><div id="a103282_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.995px;top:351.2px;display:flex;">(12.8)</div><div id="a103285_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.315px;top:351.2px;display:flex;">(19.3)</div><div id="a103289_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:516.622px;top:351.2px;">19.1</div><div id="a103292_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:563.475px;top:351.2px;display:flex;">(0.6)</div><div id="a103295_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.048px;top:351.2px;display:flex;">(35.8)</div><div id="a103298_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.368px;top:351.2px;display:flex;">(32.7)</div><div id="a103301" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:364.5px;">Eurozone (House Price Index) </div><div id="a103304_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:319.302px;top:364.5px;">7.0</div><div id="a103307_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:361.422px;top:364.5px;display:flex;">(2.7)</div><div id="a103310_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.195px;top:364.5px;display:flex;">(8.4)</div><div id="a103313_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.515px;top:364.5px;display:flex;">(8.9)</div><div id="a103317_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:516.622px;top:364.5px;">15.4</div><div id="a103320_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.675px;top:364.5px;">2.0</div><div id="a103323_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.048px;top:364.5px;display:flex;">(14.7)</div><div id="a103326_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.368px;top:364.5px;display:flex;">(17.5)</div></div></div></div> 0.040 -0.003 -0.048 -0.064 0.091 0.032 -0.044 -0.018 0.030 0.006 -0.056 -0.085 0.062 0.025 -0.057 -0.083 0.030 0.007 -0.048 -0.067 0.066 0.035 -0.049 -0.037 0.025 0.026 0.100 -0.005 0.081 0.065 0.158 0.012 0.023 0.050 0.096 -0.007 0.074 0.096 0.148 -0.007 0.021 0.016 0.058 -0.018 0.062 0.039 0.107 -0.016 0.030 0.039 0.092 0.100 0.030 0.053 0.118 0.094 0.060 0.070 0.109 0.119 0.060 0.071 0.122 0.130 0.017 0.023 0.043 0.044 0.015 0.026 0.051 0.049 0.00250 -0.00056 0.02350 -0.03260 0.00700 -0.00132 0.02050 -0.02911 0.00200 0.00478 0.02500 -0.02706 0.00575 0.00447 0.02200 -0.02465 0.00250 0.00457 0.02200 -0.02097 0.00625 0.00570 0.02050 -0.01596 0.200 0.074 -0.515 -0.500 0.517 0.228 -0.456 -0.279 0.170 0.172 -0.516 -0.500 0.429 0.292 -0.472 -0.393 0.140 0.056 -0.516 -0.460 0.379 0.193 -0.472 -0.329 0.066 0.011 -0.167 -0.199 0.140 0.023 -0.329 -0.239 0.078 -0.045 -0.128 -0.193 0.191 -0.006 -0.358 -0.327 0.070 -0.027 -0.084 -0.089 0.154 0.020 -0.147 -0.175 <div id="TextBlockContainer515" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:695px;height:375px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a103366" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0.5px;">Scenario assumptions </div><div id="a103369" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:370.408px;top:0.2px;">One year<div style="display:inline-block;width:2.86px"> </div></div><div id="a103372" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:547.395px;top:0.2px;">Three years cumulative<div style="display:inline-block;width:3.65px"> </div></div><div id="a103374" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:36.1px;">31.12.21 </div><div id="a103377" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:292.342px;top:24.8px;">Asset price </div><div id="a103378" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:302.275px;top:36.1px;">inflation </div><div id="a103380" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:353.382px;top:36.1px;">Baseline </div><div id="a103382" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.182px;top:12.9px;">Mild global </div><div id="a103383" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:24.8px;">interest rate </div><div id="a103384" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:393.608px;top:36.1px;">steepening<div style="display:inline-block;width:2.74px"> </div></div><div id="a103386" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:439.008px;top:36.1px;">Global crisis<div style="display:inline-block;width:2.98px"> </div></div><div id="a103389" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:494.875px;top:24.8px;">Asset price </div><div id="a103390" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:504.808px;top:36.1px;">inflation </div><div id="a103392" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:555.435px;top:36.1px;">Baseline </div><div id="a103394" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:594.208px;top:12.9px;">Mild global </div><div id="a103395" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:24.8px;">interest rate </div><div id="a103396" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.635px;top:36.1px;">steepening<div style="display:inline-block;width:2.76px"> </div></div><div id="a103398" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:641.542px;top:36.1px;">Global crisis<div style="display:inline-block;width:2.98px"> </div></div><div id="a103400" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:48.9px;">Real GDP growth (% change) </div><div id="a103412" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:62.1px;">United States </div><div id="a103415_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:62.1px;">9.1</div><div id="a103418_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:62.1px;">4.4</div><div id="a103421_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:416.302px;top:62.1px;display:flex;">(0.1)</div><div id="a103424_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.995px;top:62.1px;display:flex;">(5.9)</div><div id="a103428_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.568px;top:62.1px;">17.8</div><div id="a103431_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.675px;top:62.1px;">10.1</div><div id="a103434_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.568px;top:62.1px;">1.8</div><div id="a103437_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:62.1px;display:flex;">(3.8)</div><div id="a103440" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:75.4px;">Eurozone </div><div id="a103443_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:75.4px;">9.4</div><div id="a103446_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:75.4px;">3.9</div><div id="a103449_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:416.302px;top:75.4px;display:flex;">(0.1)</div><div id="a103452_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.995px;top:75.4px;display:flex;">(8.7)</div><div id="a103456_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.568px;top:75.4px;">17.3</div><div id="a103459_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.875px;top:75.4px;">7.5</div><div id="a103462_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.568px;top:75.4px;">0.9</div><div id="a103465_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.315px;top:75.4px;display:flex;">(10.3)</div><div id="a103468" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:88.6px;">Switzerland </div><div id="a103471_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:88.6px;">5.5</div><div id="a103474_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:88.6px;">2.4</div><div id="a103477_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:416.302px;top:88.6px;display:flex;">(0.9)</div><div id="a103480_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.995px;top:88.6px;display:flex;">(6.6)</div><div id="a103484_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.568px;top:88.6px;">13.1</div><div id="a103487_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.875px;top:88.6px;">5.8</div><div id="a103490_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:618.368px;top:88.6px;display:flex;">(0.1)</div><div id="a103493_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:88.6px;display:flex;">(5.7)</div><div id="a103496" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:101.4px;">Consumer price index (% change) </div><div id="a103508" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:114.7px;">United States </div><div id="a103511_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:114.7px;">3.1</div><div id="a103514_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:114.7px;">2.2</div><div id="a103517_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.502px;top:114.7px;">5.7</div><div id="a103520_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.995px;top:114.7px;display:flex;">(1.2)</div><div id="a103524_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:522.768px;top:114.7px;">9.5</div><div id="a103527_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.875px;top:114.7px;">6.3</div><div id="a103530_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:618.368px;top:114.7px;">13.0</div><div id="a103533_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:114.7px;">0.4</div><div id="a103536" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:127.9px;">Eurozone </div><div id="a103539_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:127.9px;">2.3</div><div id="a103542_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:127.9px;">1.4</div><div id="a103545_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.502px;top:127.9px;">4.2</div><div id="a103548_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.995px;top:127.9px;display:flex;">(1.3)</div><div id="a103552_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:522.768px;top:127.9px;">8.0</div><div id="a103555_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.875px;top:127.9px;">4.8</div><div id="a103558_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:618.368px;top:127.9px;">10.4</div><div id="a103561_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:127.9px;display:flex;">(1.7)</div><div id="a103564" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:141.6px;">Switzerland </div><div id="a103567_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:141.6px;">1.8</div><div id="a103570_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:141.6px;">0.3</div><div id="a103573_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.502px;top:141.6px;">3.5</div><div id="a103576_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.995px;top:141.6px;display:flex;">(1.8)</div><div id="a103580_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:522.768px;top:141.6px;">6.1</div><div id="a103583_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.875px;top:141.6px;">1.7</div><div id="a103586_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.568px;top:141.6px;">9.0</div><div id="a103589_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:141.6px;display:flex;">(1.6)</div><div id="a103592" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:153.9px;">Unemployment rate (end-of<div style="display:inline-block;width:1.44px"> </div>-period level, %) </div><div id="a103608" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:167.6px;">United States </div><div id="a103611_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:167.6px;">3.0</div><div id="a103614_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:167.6px;">3.9</div><div id="a103617_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.502px;top:167.6px;">6.1</div><div id="a103620_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.995px;top:167.6px;">10.9</div><div id="a103624_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:522.768px;top:167.6px;">3.0</div><div id="a103627_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.875px;top:167.6px;">3.5</div><div id="a103630_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.568px;top:167.6px;">7.2</div><div id="a103633_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:167.6px;">10.8</div><div id="a103636" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:180.9px;">Eurozone </div><div id="a103639_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:180.9px;">6.2</div><div id="a103642_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:180.9px;">7.4</div><div id="a103645_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.502px;top:180.9px;">8.7</div><div id="a103648_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.995px;top:180.9px;">12.9</div><div id="a103652_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:522.768px;top:180.9px;">6.0</div><div id="a103655_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.875px;top:180.9px;">7.2</div><div id="a103658_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.568px;top:180.9px;">9.1</div><div id="a103661_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:180.9px;">15.1</div><div id="a103664" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:194.1px;">Switzerland </div><div id="a103667_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:194.1px;">2.3</div><div id="a103670_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:194.1px;">2.5</div><div id="a103673_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.502px;top:194.1px;">3.4</div><div id="a103676_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:471.195px;top:194.1px;">5.2</div><div id="a103680_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:522.768px;top:194.1px;">1.6</div><div id="a103683_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.875px;top:194.1px;">2.3</div><div id="a103686_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.568px;top:194.1px;">4.2</div><div id="a103689_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:194.1px;">5.9</div><div id="a103692" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:206.9px;">Fixed income: 10-year government<div style="display:inline-block;width:3.87px"> </div>bonds (change in yields, basis points) </div><div id="a103706" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:220.2px;">USD </div><div id="a103709_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.035px;top:220.2px;">50.0</div><div id="a103712_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:220.2px;">16.5</div><div id="a103715_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:411.582px;top:220.2px;">259.2</div><div id="a103718_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.795px;top:220.2px;display:flex;">(50.0)</div><div id="a103722_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.848px;top:220.2px;">170.0</div><div id="a103725_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.675px;top:220.2px;">41.2</div><div id="a103728_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.635px;top:220.2px;">329.2</div><div id="a103731_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.315px;top:220.2px;display:flex;">(15.0)</div><div id="a103734" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:233.4px;">EUR </div><div id="a103737_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.035px;top:233.4px;">40.0</div><div id="a103740_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:233.4px;">11.1</div><div id="a103743_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:411.582px;top:233.4px;">283.8</div><div id="a103746_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.795px;top:233.4px;display:flex;">(35.0)</div><div id="a103750_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.848px;top:233.4px;">140.0</div><div id="a103753_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.675px;top:233.4px;">34.9</div><div id="a103756_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.635px;top:233.4px;">349.3</div><div id="a103759_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.315px;top:233.4px;display:flex;">(25.0)</div><div id="a103762" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:246.6px;">CHF </div><div id="a103765_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.035px;top:246.6px;">50.0</div><div id="a103768_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:246.6px;">12.1</div><div id="a103771_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:411.582px;top:246.6px;">245.5</div><div id="a103774_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.795px;top:246.6px;display:flex;">(70.0)</div><div id="a103778_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.848px;top:246.6px;">150.0</div><div id="a103781_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.675px;top:246.6px;">34.4</div><div id="a103784_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.635px;top:246.6px;">307.3</div><div id="a103787_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.315px;top:246.6px;display:flex;">(35.0)</div><div id="a103790" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:259.4px;">Equity indices (% change) </div><div id="a103802" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:272.7px;">S&amp;P 500 </div><div id="a103805_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.035px;top:272.7px;">12.0</div><div id="a103808_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:272.7px;">14.1</div><div id="a103811_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:411.102px;top:272.7px;display:flex;">(27.0)</div><div id="a103814_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.795px;top:272.7px;display:flex;">(50.2)</div><div id="a103818_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.568px;top:272.7px;">35.5</div><div id="a103821_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.675px;top:272.7px;">24.7</div><div id="a103824_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.155px;top:272.7px;display:flex;">(21.8)</div><div id="a103827_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.315px;top:272.7px;display:flex;">(40.1)</div><div id="a103830" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:286.4px;">EuroStoxx 50 </div><div id="a103833_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.035px;top:286.4px;">16.0</div><div id="a103836_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:286.4px;">12.3</div><div id="a103839_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:411.102px;top:286.4px;display:flex;">(23.4)</div><div id="a103842_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.795px;top:286.4px;display:flex;">(57.6)</div><div id="a103846_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.568px;top:286.4px;">41.6</div><div id="a103849_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.675px;top:286.4px;">20.7</div><div id="a103852_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.155px;top:286.4px;display:flex;">(19.9)</div><div id="a103855_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.315px;top:286.4px;display:flex;">(50.4)</div><div id="a103858" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:299.6px;">SPI </div><div id="a103861_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.035px;top:299.6px;">14.0</div><div id="a103864_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:299.6px;">12.1</div><div id="a103867_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:411.102px;top:299.6px;display:flex;">(22.9)</div><div id="a103870_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.795px;top:299.6px;display:flex;">(53.6)</div><div id="a103874_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.568px;top:299.6px;">37.9</div><div id="a103877_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.675px;top:299.6px;">19.1</div><div id="a103880_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.155px;top:299.6px;display:flex;">(19.6)</div><div id="a103883_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.315px;top:299.6px;display:flex;">(44.2)</div><div id="a103886" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:312.4px;">Swiss real estate (% change) </div><div id="a103898" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:325.7px;">Single-Family Homes<div style="display:inline-block;width:3.32px"> </div></div><div id="a103903_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:325.7px;">5.1</div><div id="a103906_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:325.7px;">4.4</div><div id="a103909_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:416.302px;top:325.7px;display:flex;">(4.3)</div><div id="a103912_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.795px;top:325.7px;display:flex;">(17.0)</div><div id="a103916_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.568px;top:325.7px;">15.5</div><div id="a103919_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.875px;top:325.7px;">7.4</div><div id="a103922_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:618.368px;top:325.7px;display:flex;">(8.8)</div><div id="a103925_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.315px;top:325.7px;display:flex;">(30.0)</div><div id="a103928" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:338.5px;">Other real estate (% change) </div><div id="a103941" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:351.7px;">United States (S&amp;P / Case–Shiller) </div><div id="a103946_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.035px;top:351.7px;">10.0</div><div id="a103949_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:351.7px;">3.5</div><div id="a103952_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:416.302px;top:351.7px;display:flex;">(2.3)</div><div id="a103955_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.995px;top:351.7px;display:flex;">(9.5)</div><div id="a103959_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.568px;top:351.7px;">21.7</div><div id="a103962_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.875px;top:351.7px;">7.1</div><div id="a103965_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:618.368px;top:351.7px;display:flex;">(8.7)</div><div id="a103968_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.315px;top:351.7px;display:flex;">(26.3)</div><div id="a103971" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:364.9px;">Eurozone (House Price Index) </div><div id="a103974_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:364.9px;">8.4</div><div id="a103977_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:364.9px;">5.1</div><div id="a103980_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:416.302px;top:364.9px;display:flex;">(4.0)</div><div id="a103983_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.995px;top:364.9px;display:flex;">(5.4)</div><div id="a103987_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.568px;top:364.9px;">17.8</div><div id="a103990_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.875px;top:364.9px;">9.6</div><div id="a103993_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:618.368px;top:364.9px;display:flex;">(7.6)</div><div id="a103996_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.315px;top:364.9px;display:flex;">(10.8)</div></div> 0.091 0.044 -0.001 -0.059 0.178 0.101 0.018 -0.038 0.094 0.039 -0.001 -0.087 0.173 0.075 0.009 -0.103 0.055 0.024 -0.009 -0.066 0.131 0.058 -0.001 -0.057 0.031 0.022 0.057 -0.012 0.095 0.063 0.130 0.004 0.023 0.014 0.042 -0.013 0.080 0.048 0.104 -0.017 0.018 0.003 0.035 -0.018 0.061 0.017 0.090 -0.016 0.030 0.039 0.061 0.109 0.030 0.035 0.072 0.108 0.062 0.074 0.087 0.129 0.060 0.072 0.091 0.151 0.023 0.025 0.034 0.052 0.016 0.023 0.042 0.059 0.00500 0.00165 0.02592 -0.00500 0.01700 0.00412 0.03292 -0.00150 0.00400 0.00111 0.02838 -0.00350 0.01400 0.00349 0.03493 -0.00250 0.00500 0.00121 0.02455 -0.00700 0.01500 0.00344 0.03073 -0.00350 0.120 0.141 -0.270 -0.502 0.355 0.247 -0.218 -0.401 0.160 0.123 -0.234 -0.576 0.416 0.207 -0.199 -0.504 0.140 0.121 -0.229 -0.536 0.379 0.191 -0.196 -0.442 0.051 0.044 -0.043 -0.170 0.155 0.074 -0.088 -0.300 0.100 0.035 -0.023 -0.095 0.217 0.071 -0.087 -0.263 0.084 0.051 -0.040 -0.054 0.178 0.096 -0.076 -0.108 <div id="TextBlockContainer524" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:695px;height:470px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_522_XBRL_TS_0c64da28850d4c66abd376fe2f7ce1c0" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer523" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:695px;height:470px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a104135" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Development of ECL allowances<div style="display:inline-block;width:4.15px"> </div>and provisions </div><div id="a104140" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:12.5px;">USD m </div><div id="a104143" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:402.595px;top:12.5px;">Total </div><div id="a104145" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:480.182px;top:12.5px;">Stage 1 </div><div id="a104147" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:567.262px;top:12.5px;">Stage 2 </div><div id="a104149" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:654.342px;top:12.5px;">Stage 3 </div><div id="a104151" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:25.2px;">Balance as of 31 December 2021 </div><div id="a104154_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:394.075px;top:25.2px;display:flex;">(1,165)</div><div id="a104157_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:488.222px;top:25.2px;display:flex;">(282)</div><div id="a104160_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:575.302px;top:25.2px;display:flex;">(220)</div><div id="a104163_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:662.368px;top:25.2px;display:flex;">(662)</div><div id="a104166" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:38px;">Net movement from new and derecognized<div style="display:inline-block;width:4.27px"> </div>transactions</div><div id="a104167" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:216.608px;top:38.7px;">1</div><div id="a104170_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.102px;top:38px;display:flex;">(7)</div><div id="a104173_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:493.422px;top:38px;display:flex;">(21)</div><div id="a104176_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:585.222px;top:38px;">16</div><div id="a104179_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:672.302px;top:38px;display:flex;">(2)</div><div id="a104182" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:51.3px;">of which: Private clients with mortgages </div><div id="a104186_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:51.3px;display:flex;">(6)</div><div id="a104190_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:51.3px;display:flex;">(6)</div><div id="a104193_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:51.3px;">0</div><div id="a104196_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:51.3px;">0</div><div id="a104199" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:64.5px;">of which: Real estate financing </div><div id="a104202_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:64.5px;display:flex;">(3)</div><div id="a104205_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:64.5px;display:flex;">(5)</div><div id="a104208_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:64.5px;">2</div><div id="a104211_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:64.5px;">0</div><div id="a104214" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:77.7px;">of which: Large corporate clients </div><div id="a104217_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:77.7px;">8</div><div id="a104220_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:77.7px;display:flex;">(1)</div><div id="a104223_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:585.222px;top:77.7px;">11</div><div id="a104226_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:77.7px;display:flex;">(2)</div><div id="a104229" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:91.5px;">of which: SME clients </div><div id="a104232_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:91.5px;display:flex;">(1)</div><div id="a104235_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:91.5px;display:flex;">(1)</div><div id="a104238_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:91.5px;">0</div><div id="a104241_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:91.5px;">0</div><div id="a104244" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:104.7px;">of which: Other </div><div id="a104247_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:104.7px;display:flex;">(6)</div><div id="a104250_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:104.7px;display:flex;">(8)</div><div id="a104253_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:104.7px;">3</div><div id="a104256_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:104.7px;">0</div><div id="a104259" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:118px;"><div style="display:inline-block;width:4.73px"> </div>of which: Financial intermediaries and hedge<div style="display:inline-block;width:3.71px"> </div>funds </div><div id="a104263_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:118px;">0</div><div id="a104266_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:118px;display:flex;">(2)</div><div id="a104269_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:118px;">2</div><div id="a104272_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:118px;">0</div><div id="a104275" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:131.2px;"><div style="display:inline-block;width:4.73px"> </div>of which: Loans to financial advisors </div><div id="a104279_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:131.2px;">0</div><div id="a104282_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:131.2px;">0</div><div id="a104285_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:131.2px;">0</div><div id="a104288_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:131.2px;">0</div><div id="a104291" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:144.5px;">Remeasurements with stage transfers</div><div id="a104292" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:148.955px;top:145.1px;">2</div><div id="a104295_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:406.368px;top:144.5px;display:flex;">(65)</div><div id="a104298_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:498.182px;top:144.5px;">20</div><div id="a104301_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:580.502px;top:144.5px;display:flex;">(39)</div><div id="a104304_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:667.582px;top:144.5px;display:flex;">(46)</div><div id="a104307" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:159.1px;">of which: Private clients with mortgages </div><div id="a104310_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:159.1px;display:flex;">(10)</div><div id="a104313_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:159.1px;">3</div><div id="a104316_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:580.022px;top:159.1px;display:flex;">(12)</div><div id="a104319_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:159.1px;">0</div><div id="a104322" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:172.4px;">of which: Real estate financing </div><div id="a104326_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:172.4px;">7</div><div id="a104329_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:172.4px;display:flex;">(1)</div><div id="a104332_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:172.4px;">8</div><div id="a104335_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:172.4px;">0</div><div id="a104338" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:185.6px;">of which: Large corporate clients </div><div id="a104341_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:185.6px;display:flex;">(33)</div><div id="a104344_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:498.182px;top:185.6px;">16</div><div id="a104347_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:580.022px;top:185.6px;display:flex;">(28)</div><div id="a104350_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:667.102px;top:185.6px;display:flex;">(21)</div><div id="a104353" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:198.9px;">of which: SME clients </div><div id="a104356_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:198.9px;display:flex;">(23)</div><div id="a104359_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:198.9px;">2</div><div id="a104362_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:198.9px;display:flex;">(2)</div><div id="a104365_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:667.102px;top:198.9px;display:flex;">(22)</div><div id="a104368" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:212.6px;">of which: Other </div><div id="a104371_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:212.6px;display:flex;">(6)</div><div id="a104374_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:212.6px;">1</div><div id="a104377_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:212.6px;display:flex;">(4)</div><div id="a104380_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:212.6px;display:flex;">(3)</div><div id="a104383" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:225.8px;"><div style="display:inline-block;width:4.73px"> </div>of which: Financial intermediaries and hedge<div style="display:inline-block;width:3.71px"> </div>funds </div><div id="a104387_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:225.8px;">0</div><div id="a104390_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:225.8px;">0</div><div id="a104393_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:225.8px;">0</div><div id="a104396_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:225.8px;">0</div><div id="a104399" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:239.1px;"><div style="display:inline-block;width:4.73px"> </div>of which: Loans to financial advisors </div><div id="a104403_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:239.1px;">1</div><div id="a104406_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:239.1px;">2</div><div id="a104409_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:239.1px;display:flex;">(1)</div><div id="a104412_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:239.1px;">0</div><div id="a104415" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:252.3px;">Remeasurements without<div style="display:inline-block;width:3.76px"> </div>stage transfers</div><div id="a104416" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:161.248px;top:252.9px;">3</div><div id="a104419_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.102px;top:252.3px;">13</div><div id="a104422_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:498.182px;top:252.3px;display:flex;">(8)</div><div id="a104425_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:580.502px;top:252.3px;display:flex;">(27)</div><div id="a104428_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:672.302px;top:252.3px;">48</div><div id="a104431" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:266.1px;">of which: Private clients with mortgages </div><div id="a104434_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:266.1px;display:flex;">(12)</div><div id="a104437_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:266.1px;">5</div><div id="a104440_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:580.022px;top:266.1px;display:flex;">(18)</div><div id="a104443_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:266.1px;">1</div><div id="a104446" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:279.3px;">of which: Real estate financing </div><div id="a104450_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:279.3px;">13</div><div id="a104453_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:279.3px;">3</div><div id="a104456_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:585.222px;top:279.3px;">10</div><div id="a104459_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:279.3px;">0</div><div id="a104462" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:292.5px;">of which: Large corporate clients </div><div id="a104465_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:292.5px;">32</div><div id="a104468_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.955px;top:292.5px;display:flex;">(11)</div><div id="a104471_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:292.5px;">2</div><div id="a104474_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:672.302px;top:292.5px;">41</div><div id="a104477" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:306.3px;">of which: SME clients </div><div id="a104480_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:306.3px;display:flex;">(6)</div><div id="a104483_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.955px;top:306.3px;display:flex;">(10)</div><div id="a104486_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:306.3px;display:flex;">(9)</div><div id="a104489_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:672.302px;top:306.3px;">14</div><div id="a104492" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:319.5px;">of which: Other </div><div id="a104495_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:319.5px;display:flex;">(15)</div><div id="a104498_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:319.5px;">5</div><div id="a104501_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:580.022px;top:319.5px;display:flex;">(12)</div><div id="a104504_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:319.5px;display:flex;">(8)</div><div id="a104507" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:332.7px;"><div style="display:inline-block;width:4.73px"> </div>of which: Sovereigns </div><div id="a104511_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:332.7px;display:flex;">(8)</div><div id="a104514_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:332.7px;">0</div><div id="a104517_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:332.7px;display:flex;">(8)</div><div id="a104520_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:332.7px;">0</div><div id="a104523" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:346px;"><div style="display:inline-block;width:4.73px"> </div>of which: Loans to financial advisors </div><div id="a104527_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:346px;display:flex;">(3)</div><div id="a104530_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:346px;">3</div><div id="a104533_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:346px;display:flex;">(1)</div><div id="a104536_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:346px;display:flex;">(6)</div><div id="a104539" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:358.8px;">Model changes</div><div id="a104540" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:68.026px;top:359.4px;">4</div><div id="a104543_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.102px;top:358.8px;">30</div><div id="a104546_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:498.182px;top:358.8px;">29</div><div id="a104549_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.955px;top:358.8px;">1</div><div id="a104552_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:677.035px;top:358.8px;">0</div><div id="a104555" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:371.5px;">Movements with profit or loss impact</div><div id="a104556" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:139.502px;top:372.2px;">5</div><div id="a104559_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:406.368px;top:371.5px;display:flex;">(29)</div><div id="a104562_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:498.182px;top:371.5px;">20</div><div id="a104566_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:580.502px;top:371.5px;display:flex;">(49)</div><div id="a104570_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:677.035px;top:371.5px;">0</div><div id="a104573" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:384.3px;">Movements without profit or loss impact<div style="display:inline-block;width:3.76px"> </div>(write-off,<div style="display:inline-block;width:3.72px"> </div>FX and other)</div><div id="a104576" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:242.182px;top:385px;">6</div><div id="a104579_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:405.902px;top:384.3px;">104</div><div id="a104582_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:502.915px;top:384.3px;">3</div><div id="a104585_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.955px;top:384.3px;">1</div><div id="a104588_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:672.302px;top:384.3px;">99</div><div id="a104591" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:397.6px;">Balance as of 31 December 2022 </div><div id="a104595_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:394.075px;top:397.6px;display:flex;">(1,091)</div><div id="a104598_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:488.222px;top:397.6px;display:flex;">(259)</div><div id="a104601_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:575.302px;top:397.6px;display:flex;">(267)</div><div id="a104604_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:662.368px;top:397.6px;display:flex;">(564)</div><div id="a104607" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:411.2px;">1 Represents<div style="display:inline-block;width:3.64px"> </div>the increase<div style="display:inline-block;width:3.48px"> </div>and decrease<div style="display:inline-block;width:4.12px"> </div>in allowances<div style="display:inline-block;width:4.1px"> </div>and provisions<div style="display:inline-block;width:4.07px"> </div>resulting from<div style="display:inline-block;width:3.77px"> </div>financial instruments<div style="display:inline-block;width:4.41px"> </div>(including guarantee<div style="display:inline-block;width:2px"> </div>s<div style="display:inline-block;width:2.68px"> </div>and facilities)<div style="display:inline-block;width:3.95px"> </div>that were<div style="display:inline-block;width:3.95px"> </div>newly originated,<div style="display:inline-block;width:4.26px"> </div>purchased or<div style="display:inline-block;width:3.47px"> </div>renewed and<div style="display:inline-block;width:3.64px"> </div>from the<div style="display:inline-block;width:4.1px"> </div>final </div><div id="a104610" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:421.6px;">derecognition of loans or facilities on their maturity date or earlier.<div style="display:inline-block;width:8.65px"> </div>2 Represents the remeasurement between 12<div style="display:inline-block;width:1.38px"> </div>-month and lifetime ECL due to stage transfers.<div style="display:inline-block;width:8.38px"> </div>3 Represents the change in allowances and provisions </div><div id="a104615" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:431.5px;">related to<div style="display:inline-block;width:4.26px"> </div>changes<div style="display:inline-block;width:3.95px"> </div>in model<div style="display:inline-block;width:4.4px"> </div>inputs<div style="display:inline-block;width:3.85px"> </div>or assumptions,<div style="display:inline-block;width:5.34px"> </div>including<div style="display:inline-block;width:3.62px"> </div>changes<div style="display:inline-block;width:3.95px"> </div>in forward<div style="display:inline-block;width:1.98px"> </div>-looking<div style="display:inline-block;width:3.92px"> </div>macroeconomic<div style="display:inline-block;width:3.6px"> </div>conditions,<div style="display:inline-block;width:4.4px"> </div>changes<div style="display:inline-block;width:3.48px"> </div>in the<div style="display:inline-block;width:4.57px"> </div>exposure<div style="display:inline-block;width:3.93px"> </div>profile,<div style="display:inline-block;width:3.78px"> </div>PD and<div style="display:inline-block;width:4.58px"> </div>LGD<div style="display:inline-block;width:3.46px"> </div>changes,<div style="display:inline-block;width:4.11px"> </div>and<div style="display:inline-block;width:3.47px"> </div>unwinding<div style="display:inline-block;width:3.78px"> </div>of the<div style="display:inline-block;width:4.57px"> </div>time<div style="display:inline-block;width:3.46px"> </div>value.<div style="display:inline-block;width:7.09px"> </div></div><div id="a104619" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:441.9px;">4 Represents the change in the allowances<div style="display:inline-block;width:3.67px"> </div>and provisions related to changes<div style="display:inline-block;width:3.46px"> </div>in models and methodologies.<div style="display:inline-block;width:9.9px"> </div>5 Includes ECL movements<div style="display:inline-block;width:3.46px"> </div>from new and derecognized transactions,<div style="display:inline-block;width:4.27px"> </div>remeasurement changes,<div style="display:inline-block;width:3.79px"> </div>model and </div><div id="a104623" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:451.9px;">methodology changes.<div style="display:inline-block;width:12.76px"> </div>6 Represents<div style="display:inline-block;width:3.64px"> </div>the decrease<div style="display:inline-block;width:4.43px"> </div>in allowances<div style="display:inline-block;width:4.1px"> </div>and provisions<div style="display:inline-block;width:4.07px"> </div>resulting from<div style="display:inline-block;width:4.24px"> </div>write-offs of<div style="display:inline-block;width:4.14px"> </div>the ECL<div style="display:inline-block;width:3.79px"> </div>allowance<div style="display:inline-block;width:3.47px"> </div>against the<div style="display:inline-block;width:3.88px"> </div>gross carrying<div style="display:inline-block;width:4.1px"> </div>amount when<div style="display:inline-block;width:4.41px"> </div>all or<div style="display:inline-block;width:3.78px"> </div>part of<div style="display:inline-block;width:3.47px"> </div>a financial<div style="display:inline-block;width:3.64px"> </div>asset is<div style="display:inline-block;width:3.94px"> </div>deemed </div><div id="a104628" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:461.8px;">uncollectible or forgiven and<div style="display:inline-block;width:3.45px"> </div>movements in foreign exchange<div style="display:inline-block;width:3.77px"> </div>rates.</div></div></div></div> -1165000000 -282000000 -220000000 -662000000 -7000000 -21000000 16000000 -2000000 -6000000 -6000000 0 0 -3000000 -5000000 2000000 0 8000000 -1000000 11000000 -2000000 -1000000 -1000000 0 0 -6000000 -8000000 3000000 0 0 -2000000 2000000 0 0 0 0 0 -65000000 20000000 -39000000 -46000000 -10000000 3000000 -12000000 0 7000000 -1000000 8000000 0 -33000000 16000000 -28000000 -21000000 -23000000 2000000 -2000000 -22000000 -6000000 1000000 -4000000 -3000000 0 0 0 0 1000000 2000000 -1000000 0 13000000 -8000000 -27000000 48000000 -12000000 5000000 -18000000 1000000 13000000 3000000 10000000 0 32000000 -11000000 2000000 41000000 -6000000 -10000000 -9000000 14000000 -15000000 5000000 -12000000 -8000000 -8000000 0 -8000000 0 -3000000 3000000 -1000000 -6000000 30000000 29000000 1000000 0 -29000000 20000000 -49000000 0 104000000 3000000 1000000 99000000 -1091000000 -259000000 -267000000 -564000000 -29000000 -21000000 16000000 20000000 -39000000 -8000000 -27000000 -35000000 -28000000 -8000000 99000000 95000000 <div id="TextBlockContainer530" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:695px;height:468px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_528_XBRL_TS_9aa00e4b63ba4446b7d271cbef6f463b" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer529" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:695px;height:468px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a104731" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Development of ECL allowances<div style="display:inline-block;width:4.15px"> </div>and provisions </div><div id="a104735" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:12.5px;">USD m </div><div id="a104738" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:402.595px;top:12.5px;">Total </div><div id="a104740" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.182px;top:12.5px;">Stage 1 </div><div id="a104742" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:567.262px;top:12.5px;">Stage 2 </div><div id="a104744" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:654.342px;top:12.5px;">Stage 3 </div><div id="a104746" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:25.3px;">Balance as of 31 December 2020 </div><div id="a104749_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.075px;top:25.3px;display:flex;">(1,468)</div><div id="a104752_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:488.222px;top:25.3px;display:flex;">(306)</div><div id="a104755_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.302px;top:25.3px;display:flex;">(333)</div><div id="a104758_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.368px;top:25.3px;display:flex;">(829)</div><div id="a104761" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:38px;">Net movement from new and derecognized<div style="display:inline-block;width:4.27px"> </div>transactions</div><div id="a104762" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:216.608px;top:38.7px;">1</div><div id="a104765_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:406.368px;top:38px;display:flex;">(59)</div><div id="a104768_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:493.422px;top:38px;display:flex;">(72)</div><div id="a104771_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:38px;">13</div><div id="a104774_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:677.035px;top:38px;">0</div><div id="a104777" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:51.3px;">of which: Private clients with mortgages </div><div id="a104781_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:51.3px;display:flex;">(7)</div><div id="a104785_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.955px;top:51.3px;display:flex;">(10)</div><div id="a104788_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:51.3px;">3</div><div id="a104791_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:51.3px;">0</div><div id="a104794" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:64.5px;">of which: Real estate financing </div><div id="a104797_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:64.5px;display:flex;">(7)</div><div id="a104800_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.955px;top:64.5px;display:flex;">(11)</div><div id="a104803_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:64.5px;">4</div><div id="a104806_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:64.5px;">0</div><div id="a104809" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:77.8px;">of which: Large corporate clients </div><div id="a104812_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:77.8px;display:flex;">(13)</div><div id="a104815_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.955px;top:77.8px;display:flex;">(21)</div><div id="a104818_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:77.8px;">7</div><div id="a104821_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:77.8px;">0</div><div id="a104824" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:91px;">of which: SME clients </div><div id="a104827_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:91px;display:flex;">(8)</div><div id="a104830_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:91px;display:flex;">(8)</div><div id="a104833_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:91px;">0</div><div id="a104836_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:91px;">0</div><div id="a104839" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:104.7px;">of which: Other </div><div id="a104842_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:104.7px;display:flex;">(24)</div><div id="a104845_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.955px;top:104.7px;display:flex;">(23)</div><div id="a104848_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:104.7px;display:flex;">(2)</div><div id="a104851_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:104.7px;">0</div><div id="a104854" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:118px;"><div style="display:inline-block;width:4.73px"> </div>of which: Financial intermediaries and hedge<div style="display:inline-block;width:3.71px"> </div>funds </div><div id="a104858_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:118px;display:flex;">(21)</div><div id="a104861_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.955px;top:118px;display:flex;">(18)</div><div id="a104864_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:118px;display:flex;">(4)</div><div id="a104867_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:118px;">0</div><div id="a104870" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:131.2px;"><div style="display:inline-block;width:4.73px"> </div>of which: Loans to financial advisors </div><div id="a104874_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:131.2px;">0</div><div id="a104877_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:131.2px;display:flex;">(1)</div><div id="a104880_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:131.2px;">1</div><div id="a104883_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:131.2px;">0</div><div id="a104886" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:144px;">Remeasurements with stage transfers</div><div id="a104887" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:148.955px;top:144.6px;">2</div><div id="a104890_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:406.368px;top:144px;display:flex;">(40)</div><div id="a104893_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:144px;">8</div><div id="a104896_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.955px;top:144px;">0</div><div id="a104899_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:144px;display:flex;">(49)</div><div id="a104902" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:157.2px;">of which: Private clients with mortgages </div><div id="a104905_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:157.2px;display:flex;">(9)</div><div id="a104908_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:157.2px;">4</div><div id="a104911_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:580.022px;top:157.2px;display:flex;">(13)</div><div id="a104914_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:157.2px;">0</div><div id="a104917" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:170.5px;">of which: Real estate financing </div><div id="a104921_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:170.5px;display:flex;">(3)</div><div id="a104924_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:170.5px;">1</div><div id="a104927_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:170.5px;display:flex;">(4)</div><div id="a104930_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:170.5px;">0</div><div id="a104933" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:183.7px;">of which: Large corporate clients </div><div id="a104936_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:183.7px;">2</div><div id="a104939_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:183.7px;display:flex;">(2)</div><div id="a104942_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:585.222px;top:183.7px;">12</div><div id="a104945_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:183.7px;display:flex;">(8)</div><div id="a104948" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:197.5px;">of which: SME clients </div><div id="a104951_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:197.5px;display:flex;">(27)</div><div id="a104954_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:197.5px;">5</div><div id="a104957_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:197.5px;">4</div><div id="a104960_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:667.102px;top:197.5px;display:flex;">(36)</div><div id="a104963" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:210.7px;">of which: Other </div><div id="a104966_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:210.7px;display:flex;">(3)</div><div id="a104969_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:210.7px;">0</div><div id="a104972_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:210.7px;">2</div><div id="a104975_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:210.7px;display:flex;">(4)</div><div id="a104978" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:223.9px;"><div style="display:inline-block;width:4.73px"> </div>of which: Financial intermediaries and hedge<div style="display:inline-block;width:3.71px"> </div>funds </div><div id="a104982_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:223.9px;">2</div><div id="a104985_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:223.9px;display:flex;">(1)</div><div id="a104988_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:223.9px;">3</div><div id="a104991_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:223.9px;">0</div><div id="a104994" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:237.2px;"><div style="display:inline-block;width:4.73px"> </div>of which: Loans to financial advisors </div><div id="a104998_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:237.2px;">0</div><div id="a105001_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:237.2px;">1</div><div id="a105004_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:237.2px;display:flex;">(1)</div><div id="a105007_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:237.2px;">0</div><div id="a105010" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:250px;">Remeasurements without<div style="display:inline-block;width:3.76px"> </div>stage transfers</div><div id="a105011" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:161.248px;top:250.6px;">3</div><div id="a105014_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.902px;top:250px;">203</div><div id="a105017_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:498.182px;top:250px;">55</div><div id="a105020_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:250px;">74</div><div id="a105023_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.302px;top:250px;">74</div><div id="a105026" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:263.2px;">of which: Private clients with mortgages </div><div id="a105029_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:263.2px;">33</div><div id="a105032_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:263.2px;">8</div><div id="a105035_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:585.222px;top:263.2px;">26</div><div id="a105038_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:263.2px;display:flex;">(1)</div><div id="a105041" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:276.5px;">of which: Real estate financing </div><div id="a105045_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:276.5px;">30</div><div id="a105048_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:498.182px;top:276.5px;">13</div><div id="a105051_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:585.222px;top:276.5px;">13</div><div id="a105054_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:276.5px;">3</div><div id="a105057" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:289.7px;">of which: Large corporate clients </div><div id="a105060_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:289.7px;">44</div><div id="a105063_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:289.7px;">5</div><div id="a105066_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:585.222px;top:289.7px;">21</div><div id="a105069_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:672.302px;top:289.7px;">17</div><div id="a105072" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:303.4px;">of which: SME clients </div><div id="a105075_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:303.4px;">53</div><div id="a105078_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:303.4px;display:flex;">(1)</div><div id="a105081_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:303.4px;">1</div><div id="a105084_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:672.302px;top:303.4px;">53</div><div id="a105087" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:316.7px;">of which: Other </div><div id="a105090_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:316.7px;">44</div><div id="a105093_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:498.182px;top:316.7px;">29</div><div id="a105096_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:585.222px;top:316.7px;">14</div><div id="a105099_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:316.7px;">2</div><div id="a105102" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:329.9px;"><div style="display:inline-block;width:4.73px"> </div>of which: Financial intermediaries and hedge<div style="display:inline-block;width:3.71px"> </div>funds </div><div id="a105106_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:329.9px;">27</div><div id="a105109_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:498.182px;top:329.9px;">15</div><div id="a105112_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:585.222px;top:329.9px;">12</div><div id="a105115_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:329.9px;">0</div><div id="a105118" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:343.2px;"><div style="display:inline-block;width:4.73px"> </div>of which: Loans to financial advisors </div><div id="a105122_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:343.2px;">6</div><div id="a105125_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:343.2px;">8</div><div id="a105128_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:343.2px;">1</div><div id="a105131_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:343.2px;display:flex;">(3)</div><div id="a105134" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:355.9px;">Model changes</div><div id="a105135" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:68.026px;top:356.6px;">4</div><div id="a105138_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:411.102px;top:355.9px;">45</div><div id="a105141_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:498.182px;top:355.9px;">29</div><div id="a105144_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:355.9px;">16</div><div id="a105147_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:677.035px;top:355.9px;">0</div><div id="a105150" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:368.7px;">Movements with profit or loss impact</div><div id="a105151" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:139.502px;top:369.3px;">5</div><div id="a105154_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.902px;top:368.7px;">148</div><div id="a105157_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:498.182px;top:368.7px;">19</div><div id="a105161_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.022px;top:368.7px;">104</div><div id="a105165_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.302px;top:368.7px;">25</div><div id="a105168" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:382px;">Movements without profit or loss impact<div style="display:inline-block;width:3.83px"> </div>(write-off, FX<div style="display:inline-block;width:3.89px"> </div>and other)</div><div id="a105172" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:242.182px;top:382.6px;">6</div><div id="a105175_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.902px;top:382px;">154</div><div id="a105178_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:382px;">5</div><div id="a105181_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.955px;top:382px;">9</div><div id="a105184_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.102px;top:382px;">141</div><div id="a105187" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:395.2px;">Balance as of 31 December 2021 </div><div id="a105190_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.075px;top:395.2px;display:flex;">(1,165)</div><div id="a105193_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:488.222px;top:395.2px;display:flex;">(282)</div><div id="a105196_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.302px;top:395.2px;display:flex;">(220)</div><div id="a105199_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.368px;top:395.2px;display:flex;">(662)</div><div id="a105202" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:409.3px;">1 Represents<div style="display:inline-block;width:3.64px"> </div>the increase<div style="display:inline-block;width:3.48px"> </div>and decrease<div style="display:inline-block;width:4.12px"> </div>in allowances<div style="display:inline-block;width:4.1px"> </div>and provisions<div style="display:inline-block;width:4.07px"> </div>resulting from<div style="display:inline-block;width:3.77px"> </div>financial instruments<div style="display:inline-block;width:4.41px"> </div>(including guarantee<div style="display:inline-block;width:2px"> </div>s<div style="display:inline-block;width:2.68px"> </div>and facilities)<div style="display:inline-block;width:3.96px"> </div>that were<div style="display:inline-block;width:3.95px"> </div>newly originated,<div style="display:inline-block;width:4.26px"> </div>purchased or<div style="display:inline-block;width:3.47px"> </div>renewed and<div style="display:inline-block;width:3.64px"> </div>from the<div style="display:inline-block;width:3.93px"> </div>final </div><div id="a105205" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:419.2px;">derecognition of loans or facilities on their maturity date or earlier.<div style="display:inline-block;width:8.65px"> </div>2 Represents the remeasurement between 12<div style="display:inline-block;width:1.38px"> </div>-month and lifetime ECL due to stage transfers.<div style="display:inline-block;width:8.38px"> </div>3 Represents the change in allowances and provisions </div><div id="a105211" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:429.6px;">related to<div style="display:inline-block;width:4.26px"> </div>changes<div style="display:inline-block;width:3.95px"> </div>in model<div style="display:inline-block;width:4.4px"> </div>inputs<div style="display:inline-block;width:3.78px"> </div>or assumptions,<div style="display:inline-block;width:5.34px"> </div>including<div style="display:inline-block;width:3.62px"> </div>changes<div style="display:inline-block;width:3.95px"> </div>in forward<div style="display:inline-block;width:2.05px"> </div>-looking<div style="display:inline-block;width:3.92px"> </div>macroeconomic<div style="display:inline-block;width:3.6px"> </div>conditions,<div style="display:inline-block;width:4.4px"> </div>changes<div style="display:inline-block;width:3.48px"> </div>in the<div style="display:inline-block;width:4.57px"> </div>exposure<div style="display:inline-block;width:3.93px"> </div>profile,<div style="display:inline-block;width:3.78px"> </div>PD and<div style="display:inline-block;width:4.58px"> </div>LGD<div style="display:inline-block;width:3.46px"> </div>changes,<div style="display:inline-block;width:4.11px"> </div>and<div style="display:inline-block;width:3.47px"> </div>unwinding<div style="display:inline-block;width:3.78px"> </div>of the<div style="display:inline-block;width:4.57px"> </div>time<div style="display:inline-block;width:3.46px"> </div>value.<div style="display:inline-block;width:7.09px"> </div></div><div id="a105214" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:439.6px;">4 Represents the change in the allowances<div style="display:inline-block;width:3.7px"> </div>and provisions related to changes<div style="display:inline-block;width:3.46px"> </div>in models and methodologies.<div style="display:inline-block;width:9.74px"> </div>5 Includes ECL movements<div style="display:inline-block;width:3.46px"> </div>from new and derecognized<div style="display:inline-block;width:3.39px"> </div>transactions, remeasurement<div style="display:inline-block;width:4.25px"> </div>changes, model and </div><div id="a105219" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:449.5px;">methodology changes.<div style="display:inline-block;width:12.76px"> </div>6 Represents<div style="display:inline-block;width:3.64px"> </div>the decrease<div style="display:inline-block;width:4.43px"> </div>in allowa<div style="display:inline-block;width:1.38px"> </div>nces and<div style="display:inline-block;width:3.8px"> </div>provisions resulting<div style="display:inline-block;width:4.22px"> </div>from write<div style="display:inline-block;width:1.63px"> </div>-offs of<div style="display:inline-block;width:3.48px"> </div>the ECL<div style="display:inline-block;width:3.79px"> </div>allowance<div style="display:inline-block;width:3.47px"> </div>against the<div style="display:inline-block;width:3.79px"> </div>gross carrying<div style="display:inline-block;width:4.1px"> </div>amount when<div style="display:inline-block;width:4.41px"> </div>all or<div style="display:inline-block;width:3.78px"> </div>part of<div style="display:inline-block;width:3.47px"> </div>a financial<div style="display:inline-block;width:3.64px"> </div>asset is<div style="display:inline-block;width:3.94px"> </div>deemed </div><div id="a105223" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:459.9px;">uncollectible or forgiven and<div style="display:inline-block;width:3.45px"> </div>movements in foreign exchange<div style="display:inline-block;width:3.77px"> </div>rates.</div></div></div></div> -1468000000 -306000000 -333000000 -829000000 -59000000 -72000000 13000000 0 -7000000 -10000000 3000000 0 -7000000 -11000000 4000000 0 -13000000 -21000000 7000000 0 -8000000 -8000000 0 0 -24000000 -23000000 -2000000 0 -21000000 -18000000 -4000000 0 0 -1000000 1000000 0 -40000000 8000000 0 -49000000 -9000000 4000000 -13000000 0 -3000000 1000000 -4000000 0 2000000 -2000000 12000000 -8000000 -27000000 5000000 4000000 -36000000 -3000000 0 2000000 -4000000 2000000 -1000000 3000000 0 0 1000000 -1000000 0 203000000 55000000 74000000 74000000 33000000 8000000 26000000 -1000000 30000000 13000000 13000000 3000000 44000000 5000000 21000000 17000000 53000000 -1000000 1000000 53000000 44000000 29000000 14000000 2000000 27000000 15000000 12000000 0 6000000 8000000 1000000 -3000000 45000000 29000000 16000000 0 148000000 19000000 104000000 25000000 154000000 5000000 9000000 141000000 -1165000000 -282000000 -220000000 -662000000 <div id="TextBlockContainer535" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:688px;height:176px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a105246" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">ECL stage 2 (“significant deterioration<div style="display:inline-block;width:4.66px"> </div>in credit risk”) allowances / provisions<div style="display:inline-block;width:4.17px"> </div>as of 31 December 2022 – classification by trigger </div><div id="a105252" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:38px;">USD m </div><div id="a105255" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:501.022px;top:38px;">Stage 2 </div><div id="a105257" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:544.528px;top:26.2px;">of which: </div><div id="a105258" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:548.342px;top:38px;">PD layer </div><div id="a105260" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:594.688px;top:26.2px;">of which: </div><div id="a105261" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:593.262px;top:38px;">watch list </div><div id="a105263" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:644.848px;top:14.3px;">of which: </div><div id="a105264" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:645.315px;top:26.2px;">≥30 days<div style="display:inline-block;width:2.48px"> </div></div><div id="a105266" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:647.208px;top:38px;">past due </div><div id="a105268" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:50.8px;">On-<div style="display:inline-block;width:2.64px"> </div>and off-balance sheet<div style="display:inline-block;width:3.13px"> </div></div><div id="a105276_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.062px;top:51.7px;display:flex;">(267)</div><div id="a105279_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:558.742px;top:51.7px;display:flex;">(196)</div><div id="a105282_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.635px;top:51.7px;display:flex;">(21)</div><div id="a105285_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.795px;top:51.7px;display:flex;">(50)</div><div id="a105288" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:65.5px;">of which: Private clients with mortgages </div><div id="a105292_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.062px;top:65.5px;display:flex;">(107)</div><div id="a105295_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:563.475px;top:65.5px;display:flex;">(83)</div><div id="a105298_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.568px;top:65.5px;">0</div><div id="a105301_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.795px;top:65.5px;display:flex;">(25)</div><div id="a105304" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:79.6px;">of which: Real estate financing </div><div id="a105307_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:513.782px;top:79.6px;display:flex;">(23)</div><div id="a105310_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:563.475px;top:79.6px;display:flex;">(18)</div><div id="a105313_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.568px;top:79.6px;">0</div><div id="a105316_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.528px;top:79.6px;display:flex;">(5)</div><div id="a105319" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:93.8px;">of which: Large corporate clients </div><div id="a105322_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:513.782px;top:93.8px;display:flex;">(65)</div><div id="a105325_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:563.475px;top:93.8px;display:flex;">(51)</div><div id="a105328_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.635px;top:93.8px;display:flex;">(13)</div><div id="a105331_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.728px;top:93.8px;">0</div><div id="a105334" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:108px;">of which: SME clients </div><div id="a105337_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:513.782px;top:108px;display:flex;">(37)</div><div id="a105340_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:563.475px;top:108px;display:flex;">(22)</div><div id="a105343_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:618.368px;top:108px;display:flex;">(7)</div><div id="a105346_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.528px;top:108px;display:flex;">(7)</div><div id="a105349" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:122.7px;">of which: Financial intermediaries and hedge funds </div><div id="a105352_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:513.782px;top:122.7px;display:flex;">(17)</div><div id="a105355_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:563.475px;top:122.7px;display:flex;">(17)</div><div id="a105358_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.568px;top:122.7px;">0</div><div id="a105361_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.728px;top:122.7px;">0</div><div id="a105364" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:136.9px;">of which: Loans to financial advisors </div><div id="a105367_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:518.515px;top:136.9px;display:flex;">(2)</div><div id="a105370_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.408px;top:136.9px;">0</div><div id="a105373_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.568px;top:136.9px;">0</div><div id="a105376_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.528px;top:136.9px;display:flex;">(2)</div><div id="a105379" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:151.1px;">of which: Credit cards </div><div id="a105382_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:513.782px;top:151.1px;display:flex;">(12)</div><div id="a105385_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.408px;top:151.1px;">0</div><div id="a105388_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.568px;top:151.1px;">0</div><div id="a105392_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:151.1px;display:flex;">(12)</div><div id="a105396" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:165.7px;">of which: Other </div><div id="a105399_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:518.515px;top:165.7px;display:flex;">(5)</div><div id="a105402_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:568.208px;top:165.7px;display:flex;">(5)</div><div id="a105405_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.568px;top:165.7px;">0</div><div id="a105408_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.728px;top:165.7px;">0</div></div> -267000000 -196000000 -21000000 -50000000 -107000000 -83000000 0 -25000000 -23000000 -18000000 0 -5000000 -65000000 -51000000 -13000000 0 -37000000 -22000000 -7000000 -7000000 -17000000 -17000000 0 0 -2000000 0 0 -2000000 -12000000 0 0 -12000000 -5000000 -5000000 0 0 <div id="TextBlockContainer541" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:695px;height:766px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a105486" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Maximum exposure to credit<div style="display:inline-block;width:4.28px"> </div>risk<div style="display:inline-block;width:2.93px"> </div></div><div id="a105495" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:436.168px;top:13.4px;">31.12.22 </div><div id="a105500" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:355.275px;top:26.2px;">Collateral</div><div id="a105501" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:390.302px;top:26.8px;">1,2</div><div id="a105504" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.622px;top:26.2px;">Credit enhancements</div><div id="a105505" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:593.742px;top:26.8px;">1</div><div id="a105507" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:644.368px;top:26.6px;">Exposure to </div><div id="a105508" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:651.968px;top:38.5px;">credit risk </div><div id="a105509" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:634.915px;top:49.8px;">after collateral </div><div id="a105510" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:650.995px;top:61.7px;">and credit </div><div id="a105511" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:634.915px;top:73.5px;">enhancements </div><div id="a105513" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:73.5px;">USD bn </div><div id="a105516" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:232.728px;top:49.8px;">Maximum </div><div id="a105517" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:226.542px;top:61.7px;">exposure to </div><div id="a105518" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:233.675px;top:73.5px;">credit risk </div><div id="a105520" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.582px;top:49.8px;">Cash </div><div id="a105521" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:290.448px;top:61.7px;">collateral </div><div id="a105522" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:293.755px;top:73.5px;">received </div><div id="a105524" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:330.648px;top:38.5px;">Collateralized </div><div id="a105525" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:347.235px;top:49.8px;">by equity<div style="display:inline-block;width:2.47px"> </div></div><div id="a105527" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:347.702px;top:61.7px;">and debt </div><div id="a105528" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.768px;top:73.5px;">instruments<div style="display:inline-block;width:2.8px"> </div></div><div id="a105530" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:390.302px;top:61.7px;">Secured by </div><div id="a105531" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:392.182px;top:73.5px;">real estate </div><div id="a105533" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.528px;top:61.7px;">Other </div><div id="a105534" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:441.368px;top:73.5px;">collateral</div><div id="a105535" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:474.502px;top:74.1px;">3</div><div id="a105538" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:496.768px;top:73.5px;">Netting </div><div id="a105540" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:554.968px;top:49.8px;">Credit </div><div id="a105541" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:541.688px;top:61.7px;">derivative </div><div id="a105542" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:543.582px;top:73.5px;">contracts </div><div id="a105545" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:587.115px;top:73.5px;">Guarantees<div style="display:inline-block;width:2.82px"> </div></div><div id="a105547" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:85.8px;">Financial assets measured at<div style="display:inline-block;width:3.38px"> </div></div><div id="a105549" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:97.6px;">amortized cost on the balance sheet </div><div id="a105562" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:110.4px;">Cash and balances at central banks </div><div id="a105565_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:247.382px;top:110.4px;">169.4</div><div id="a105576_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:665.688px;top:110.4px;">169.4</div><div id="a105579" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:123.6px;">Loans and advances to banks</div><div id="a105581" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:110.142px;top:124.3px;">4</div><div id="a105584_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:252.115px;top:123.6px;">14.8</div><div id="a105588_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:368.035px;top:123.6px;">0.0</div><div id="a105596_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:616.475px;top:123.6px;">0.1</div><div id="a105599_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:670.408px;top:123.6px;">14.7</div><div id="a105602" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:136.4px;">Receivables from securities financing transactions </div><div id="a105603" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:148.2px;">measured at amortized cost </div><div id="a105606_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:252.115px;top:142.6px;">67.8</div><div id="a105609_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.262px;top:142.6px;">0.0</div><div id="a105612_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:363.315px;top:142.6px;">64.5</div><div id="a105616_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.048px;top:142.6px;">2.4</div><div id="a105623_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:675.142px;top:142.6px;">0.9</div><div id="a105626" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:161.5px;">Cash collateral receivables on derivative<div style="display:inline-block;width:3.86px"> </div>instruments</div><div id="a105627" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:192.968px;top:162.1px;">5,6</div><div id="a105630_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:252.115px;top:161.5px;">35.0</div><div id="a105638_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:506.688px;top:161.5px;">22.9</div><div id="a105643_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:670.408px;top:161.5px;">12.1</div><div id="a105646" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:174.3px;">Loans and advances to customers </div><div id="a105649_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:247.382px;top:174.3px;">387.2</div><div id="a105652_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:306.528px;top:174.3px;">33.6</div><div id="a105655_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:358.582px;top:174.3px;">115.9</div><div id="a105658_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:408.262px;top:174.3px;">197.8</div><div id="a105661_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:460.315px;top:174.3px;">19.6</div><div id="a105667_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:616.475px;top:174.3px;">3.0</div><div id="a105670_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:670.408px;top:174.3px;">17.3</div><div id="a105673" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:187.5px;">Other financial assets measured at amortized cost </div><div id="a105676_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:252.115px;top:187.5px;">53.3</div><div id="a105679_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.262px;top:187.5px;">0.1</div><div id="a105682_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:368.035px;top:187.5px;">0.5</div><div id="a105685_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:417.728px;top:187.5px;">0.0</div><div id="a105688_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.048px;top:187.5px;">1.3</div><div id="a105695_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:670.408px;top:187.5px;">51.3</div><div id="a105698" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:199.8px;">Total financial assets<div style="display:inline-block;width:3.87px"> </div>measured at amortized cost </div><div id="a105701_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:247.382px;top:199.8px;">727.6</div><div id="a105704_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:306.528px;top:199.8px;">33.7</div><div id="a105707_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:358.582px;top:199.8px;">181.0</div><div id="a105710_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:408.262px;top:199.8px;">197.9</div><div id="a105713_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:460.315px;top:199.8px;">23.4</div><div id="a105717_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:506.688px;top:199.8px;">22.9</div><div id="a105720_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:564.422px;top:199.8px;">0.0</div><div id="a105723_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:616.475px;top:199.8px;">3.0</div><div id="a105726_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:665.688px;top:199.8px;">265.8</div><div id="a105729" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:212.6px;">Financial assets measured at<div style="display:inline-block;width:3.79px"> </div>fair value<div style="display:inline-block;width:2.45px"> </div></div><div id="a105731" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:224.4px;">through other comprehensive income – debt </div><div id="a105737_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:256.848px;top:224.4px;">2.2</div><div id="a105748_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:675.142px;top:224.4px;">2.2</div><div id="a105751" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:237.7px;">Total maximum exposure to<div style="display:inline-block;width:3.73px"> </div>credit risk<div style="display:inline-block;width:3px"> </div></div><div id="a105753" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:249.5px;">reflected on the balance sheet within<div style="display:inline-block;width:3.77px"> </div>the scope of ECL </div><div id="a105756_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:247.382px;top:249.9px;">729.8</div><div id="a105759_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:306.528px;top:249.9px;">33.7</div><div id="a105762_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:358.582px;top:249.9px;">181.0</div><div id="a105765_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:408.262px;top:249.9px;">197.9</div><div id="a105768_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:460.315px;top:249.9px;">23.4</div><div id="a105772_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:506.688px;top:249.9px;">22.9</div><div id="a105775_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:564.422px;top:249.9px;">0.0</div><div id="a105778_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:616.475px;top:249.9px;">3.0</div><div id="a105781_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:665.688px;top:249.9px;">268.0</div><div id="a105784" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:262.7px;">Guarantees</div><div id="a105785" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:44.854px;top:263.4px;">7</div><div id="a105788_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:252.115px;top:262.7px;">22.1</div><div id="a105791_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.262px;top:262.7px;">1.2</div><div id="a105794_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:368.035px;top:262.7px;">9.3</div><div id="a105797_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:417.728px;top:262.7px;">0.1</div><div id="a105800_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.048px;top:262.7px;">2.0</div><div id="a105806_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:616.475px;top:262.7px;">1.8</div><div id="a105809_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:675.142px;top:262.7px;">7.7</div><div id="a105812" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:276px;">Loan commitments</div><div id="a105813" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:72.283px;top:276.6px;">7</div><div id="a105816_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:252.115px;top:276px;">39.9</div><div id="a105819_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.262px;top:276px;">0.2</div><div id="a105822_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:368.035px;top:276px;">3.1</div><div id="a105825_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:417.728px;top:276px;">1.3</div><div id="a105828_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.048px;top:276px;">6.5</div><div id="a105833_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:564.422px;top:276px;">0.1</div><div id="a105836_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:616.475px;top:276px;">1.0</div><div id="a105839_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:670.408px;top:276px;">27.8</div><div id="a105842" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:288.8px;">Forward starting transactions,<div style="display:inline-block;width:4.04px"> </div>reverse repurchase </div><div id="a105844" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:300.6px;">and securities borrowing agreements </div><div id="a105847_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:256.848px;top:300.6px;">3.8</div><div id="a105851_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:368.035px;top:300.6px;">3.8</div><div id="a105860_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:675.142px;top:300.6px;">0.0</div><div id="a105863" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:313.3px;">Committed unconditionally revocable credit lines </div><div id="a105868_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:252.115px;top:313.3px;">41.4</div><div id="a105871_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.262px;top:313.3px;">0.2</div><div id="a105874_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:368.035px;top:313.3px;">8.2</div><div id="a105877_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:417.728px;top:313.3px;">6.0</div><div id="a105880_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.048px;top:313.3px;">6.2</div><div id="a105886_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:616.475px;top:313.3px;">0.5</div><div id="a105889_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:670.408px;top:313.3px;">20.2</div><div id="a105892" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:326.1px;">Total maximum exposure to<div style="display:inline-block;width:3.73px"> </div>credit risk not<div style="display:inline-block;width:2.86px"> </div></div><div id="a105894" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:337.5px;">reflected on the balance sheet within<div style="display:inline-block;width:3.77px"> </div>the scope of ECL </div><div id="a105897_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:247.382px;top:337.5px;">107.2</div><div id="a105900_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.262px;top:337.5px;">1.6</div><div id="a105903_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:363.315px;top:337.5px;">24.4</div><div id="a105906_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:417.728px;top:337.5px;">7.5</div><div id="a105909_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:460.315px;top:337.5px;">14.7</div><div id="a105913_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:511.422px;top:337.5px;">0.0</div><div id="a105916_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:564.422px;top:337.5px;">0.1</div><div id="a105919_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:616.475px;top:337.5px;">3.3</div><div id="a105922_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:670.408px;top:337.5px;">55.7</div><div id="a105939" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:436.168px;top:354.5px;">31.12.21 </div><div id="a105944" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:355.275px;top:366.8px;">Collateral</div><div id="a105945" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:389.822px;top:367.5px;">1,2</div><div id="a105948" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:516.622px;top:366.8px;">Credit enhancements</div><div id="a105949" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:593.262px;top:367.5px;">1</div><div id="a105951" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.848px;top:367.3px;">Exposure to </div><div id="a105952" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.448px;top:379.1px;">credit risk </div><div id="a105953" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.382px;top:390.9px;">after collateral </div><div id="a105954" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:650.995px;top:402.3px;">and credit </div><div id="a105955" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:634.915px;top:414.1px;">enhancements </div><div id="a105957" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:414.1px;">USD bn </div><div id="a105960" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:233.675px;top:390.9px;">Maximum </div><div id="a105961" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:226.542px;top:402.3px;">exposure to </div><div id="a105962" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:234.142px;top:414.1px;">credit risk </div><div id="a105964" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.062px;top:390.9px;">Cash </div><div id="a105965" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:290.928px;top:402.3px;">collateral </div><div id="a105966" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:293.755px;top:414.1px;">received </div><div id="a105968" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.115px;top:379.1px;">Collateralized </div><div id="a105969" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:347.235px;top:390.9px;">by equity<div style="display:inline-block;width:2.47px"> </div></div><div id="a105971" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:347.702px;top:402.3px;">and debt </div><div id="a105972" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.248px;top:414.1px;">instruments<div style="display:inline-block;width:2.79px"> </div></div><div id="a105974" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:390.302px;top:402.3px;">Secured by </div><div id="a105975" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.182px;top:414.1px;">real estate </div><div id="a105977" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.528px;top:402.3px;">Other </div><div id="a105978" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:441.368px;top:414.1px;">collateral</div><div id="a105979" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:474.035px;top:414.8px;">3</div><div id="a105982" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:496.768px;top:414.1px;">Netting </div><div id="a105984" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:554.968px;top:390.9px;">Credit </div><div id="a105985" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:542.168px;top:402.3px;">derivative </div><div id="a105986" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:543.582px;top:414.1px;">contracts </div><div id="a105988" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.595px;top:414.1px;">Guarantees<div style="display:inline-block;width:2.82px"> </div></div><div id="a105990" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:426.4px;">Financial assets measured at<div style="display:inline-block;width:3.38px"> </div></div><div id="a105992" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:438.2px;">amortized cost on the balance sheet </div><div id="a106005" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:451px;">Cash and balances at central banks </div><div id="a106008_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:247.382px;top:451px;">192.8</div><div id="a106019_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.688px;top:451px;">192.8</div><div id="a106022" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:464.3px;">Loans and advances to banks</div><div id="a106023" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:110.142px;top:464.9px;">4</div><div id="a106026_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:252.115px;top:464.3px;">15.5</div><div id="a106030_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:368.515px;top:464.3px;">0.1</div><div id="a106038_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.942px;top:464.3px;">0.1</div><div id="a106041_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.408px;top:464.3px;">15.3</div><div id="a106044" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:477px;">Receivables from securities financing transactions </div><div id="a106045" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:488.9px;">measured at amortized cost </div><div id="a106048_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:252.115px;top:483.2px;">75.0</div><div id="a106051_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:483.2px;">0.0</div><div id="a106054_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.315px;top:483.2px;">68.0</div><div id="a106058_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.515px;top:483.2px;">6.9</div><div id="a106065_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.622px;top:483.2px;">0.0</div><div id="a106068" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:502.1px;">Cash collateral receivables on derivative<div style="display:inline-block;width:3.86px"> </div>instruments</div><div id="a106069" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:192.968px;top:502.7px;">5,6</div><div id="a106072_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:252.115px;top:502.1px;">30.5</div><div id="a106080_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.688px;top:502.1px;">18.4</div><div id="a106085_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.408px;top:502.1px;">12.1</div><div id="a106088" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:514.9px;">Loans and advances to customers </div><div id="a106091_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:247.382px;top:514.9px;">397.8</div><div id="a106094_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:514.9px;">37.5</div><div id="a106097_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:358.582px;top:514.9px;">128.7</div><div id="a106100_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.262px;top:514.9px;">191.3</div><div id="a106103_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.315px;top:514.9px;">20.2</div><div id="a106109_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.942px;top:514.9px;">4.0</div><div id="a106112_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.408px;top:514.9px;">16.2</div><div id="a106115" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:528.1px;">Other financial assets measured at amortized cost </div><div id="a106118_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:252.115px;top:528.1px;">26.2</div><div id="a106121_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:528.1px;">0.2</div><div id="a106124_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:368.515px;top:528.1px;">0.1</div><div id="a106127_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.195px;top:528.1px;">0.0</div><div id="a106130_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.515px;top:528.1px;">1.3</div><div id="a106137_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.408px;top:528.1px;">24.6</div><div id="a106140" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:541.9px;">Total financial assets<div style="display:inline-block;width:3.87px"> </div>measured at amortized cost </div><div id="a106143_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:247.382px;top:541.9px;">737.8</div><div id="a106146_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:541.9px;">37.7</div><div id="a106149_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:358.582px;top:541.9px;">196.9</div><div id="a106152_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.262px;top:541.9px;">191.3</div><div id="a106155_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.315px;top:541.9px;">28.4</div><div id="a106159_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.688px;top:541.9px;">18.4</div><div id="a106162_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.422px;top:541.9px;">0.0</div><div id="a106165_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.475px;top:541.9px;">4.0</div><div id="a106168_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.688px;top:541.9px;">261.0</div><div id="a106171" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:556.5px;">Financial assets measured at<div style="display:inline-block;width:3.79px"> </div>fair value<div style="display:inline-block;width:2.45px"> </div></div><div id="a106173" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:568.3px;">through other comprehensive income – debt </div><div id="a106179_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:256.848px;top:568.3px;">8.8</div><div id="a106190_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.142px;top:568.3px;">8.8</div><div id="a106193" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:582.5px;">Total maximum exposure to<div style="display:inline-block;width:3.73px"> </div>credit risk<div style="display:inline-block;width:3px"> </div></div><div id="a106195" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:594.4px;">reflected on the balance sheet within<div style="display:inline-block;width:3.77px"> </div>the scope of ECL </div><div id="a106198_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:247.382px;top:595.8px;">746.6</div><div id="a106201_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:595.8px;">37.7</div><div id="a106204_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:358.582px;top:595.8px;">196.9</div><div id="a106207_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.262px;top:595.8px;">191.3</div><div id="a106210_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.315px;top:595.8px;">28.4</div><div id="a106214_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.688px;top:595.8px;">18.4</div><div id="a106217_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.422px;top:595.8px;">0.0</div><div id="a106220_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.475px;top:595.8px;">4.0</div><div id="a106223_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.688px;top:595.8px;">269.8</div><div id="a106226" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:608.6px;">Guarantees</div><div id="a106227" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:44.854px;top:609.2px;">7</div><div id="a106230_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:252.115px;top:608.6px;">20.9</div><div id="a106233_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:608.6px;">1.3</div><div id="a106236_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:368.515px;top:608.6px;">6.5</div><div id="a106239_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.195px;top:608.6px;">0.2</div><div id="a106242_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.515px;top:608.6px;">2.5</div><div id="a106248_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.942px;top:608.6px;">2.3</div><div id="a106251_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.622px;top:608.6px;">8.1</div><div id="a106254" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:621.8px;">Loan commitments</div><div id="a106255" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:72.283px;top:622.5px;">7</div><div id="a106258_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:252.115px;top:621.8px;">39.4</div><div id="a106261_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:621.8px;">0.5</div><div id="a106264_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:368.515px;top:621.8px;">4.0</div><div id="a106267_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.195px;top:621.8px;">2.4</div><div id="a106270_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.515px;top:621.8px;">7.3</div><div id="a106275_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.888px;top:621.8px;">0.3</div><div id="a106278_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.942px;top:621.8px;">1.7</div><div id="a106281_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.408px;top:621.8px;">23.1</div><div id="a106284" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:635.1px;">Forward starting transactions,<div style="display:inline-block;width:4.04px"> </div>reverse repurchase </div><div id="a106286" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:646.4px;">and securities borrowing agreements </div><div id="a106289_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:257.315px;top:646.4px;">1.4</div><div id="a106293_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:368.515px;top:646.4px;">1.4</div><div id="a106302_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.622px;top:646.4px;">0.0</div><div id="a106305" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:659.6px;">Committed unconditionally revocable credit lines </div><div id="a106308_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:252.115px;top:659.6px;">40.7</div><div id="a106311_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:659.6px;">0.3</div><div id="a106314_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:368.515px;top:659.6px;">9.0</div><div id="a106317_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.195px;top:659.6px;">6.2</div><div id="a106320_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.515px;top:659.6px;">3.9</div><div id="a106326_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.942px;top:659.6px;">0.5</div><div id="a106329_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.408px;top:659.6px;">20.9</div><div id="a106332" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:672px;">Total maximum exposure to<div style="display:inline-block;width:3.73px"> </div>credit risk not<div style="display:inline-block;width:2.86px"> </div></div><div id="a106334" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:683.8px;">reflected on the balance sheet within<div style="display:inline-block;width:3.77px"> </div>the scope of ECL </div><div id="a106337_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:247.382px;top:683.8px;">102.5</div><div id="a106340_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.262px;top:683.8px;">2.2</div><div id="a106343_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.315px;top:683.8px;">20.9</div><div id="a106346_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:417.728px;top:683.8px;">8.7</div><div id="a106349_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.315px;top:683.8px;">13.7</div><div id="a106353_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.422px;top:683.8px;">0.0</div><div id="a106356_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.422px;top:683.8px;">0.3</div><div id="a106359_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.475px;top:683.8px;">4.5</div><div id="a106362_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.408px;top:683.8px;">52.1</div><div id="a106365" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:697.4px;">1 Of which: USD </div><div id="a106365_16_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:56.644px;top:697.4px;">1,372</div><div id="a106365_21_46" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:75.56px;top:697.4px;">m for 31 December 2022 (31 December 2021: USD </div><div id="a106365_67_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:237.766px;top:697.4px;">1,443</div><div id="a106365_72_88" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:256.682px;top:697.4px;">m) relates to total credit-impaired financial assets measured<div style="display:inline-block;width:3.53px"> </div>at amortized cost and USD </div><div id="a106365_160_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:529.742px;top:697.4px;">113</div><div id="a106365_163_42" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:542.511px;top:697.4px;">m for 31 December 2022 (31 December<div style="display:inline-block;width:3.42px"> </div>2021: </div><div id="a106368" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:707.3px;">USD </div><div id="a106368_4_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.339px;top:707.3px;">130</div><div id="a106368_7_219" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:31.107px;top:707.3px;">m) to total off-balance sheet financial instruments and credit lines for credit-impaired positions.<div style="display:inline-block;width:8.37px"> </div>2 Collateral arrangements generally incorporate<div style="display:inline-block;width:3.94px"> </div>a range of collateral, including cash, equity and debt instruments, </div><div id="a106376" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:717.7px;">real estate and other collateral. UBS<div style="display:inline-block;width:3.65px"> </div>applies a risk-based approach<div style="display:inline-block;width:3.59px"> </div>that generally<div style="display:inline-block;width:2.76px"> </div>prioritizes collateral according<div style="display:inline-block;width:3.92px"> </div>to its liquidity profile.<div style="display:inline-block;width:9.13px"> </div>3 Includes but is not limited to<div style="display:inline-block;width:3.41px"> </div>life insurance contracts,<div style="display:inline-block;width:3.79px"> </div>inventory,<div style="display:inline-block;width:3.52px"> </div>mortgage loans, </div><div id="a106382" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:727.7px;">gold and other commodities.<div style="display:inline-block;width:8.96px"> </div>4 Loans and advances<div style="display:inline-block;width:3.72px"> </div>to banks include amounts held with<div style="display:inline-block;width:3.47px"> </div>third-party banks on<div style="display:inline-block;width:3.17px"> </div>behalf of clients. The<div style="display:inline-block;width:3.49px"> </div>credit risk associated with these<div style="display:inline-block;width:3.64px"> </div>balances may be borne by those clients.<div style="display:inline-block;width:9.8px"> </div>5 Included </div><div id="a106390" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:738.1px;">within Cash collateral<div style="display:inline-block;width:4.25px"> </div>receivables on derivative<div style="display:inline-block;width:4.06px"> </div>instruments are<div style="display:inline-block;width:3.62px"> </div>margin balances<div style="display:inline-block;width:3.79px"> </div>due from exchanges<div style="display:inline-block;width:3.95px"> </div>or clearing houses.<div style="display:inline-block;width:3.62px"> </div>Some<div style="display:inline-block;width:3.55px"> </div>of these margin<div style="display:inline-block;width:3.63px"> </div>balances reflect<div style="display:inline-block;width:4px"> </div>amounts transferred on<div style="display:inline-block;width:3.46px"> </div>behalf of clients<div style="display:inline-block;width:3.95px"> </div>who retain the </div><div id="a106393" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:748px;">associated credit<div style="display:inline-block;width:3.79px"> </div>risk.<div style="display:inline-block;width:11.35px"> </div>6 The<div style="display:inline-block;width:3.4px"> </div>amount shown<div style="display:inline-block;width:3.93px"> </div>in the<div style="display:inline-block;width:4.1px"> </div>“Netting” column<div style="display:inline-block;width:4.27px"> </div>represents the<div style="display:inline-block;width:4.42px"> </div>netting potential<div style="display:inline-block;width:4.41px"> </div>not recognized<div style="display:inline-block;width:3.93px"> </div>on the<div style="display:inline-block;width:3.78px"> </div>balance sheet.<div style="display:inline-block;width:4.12px"> </div>Refer to<div style="display:inline-block;width:3.94px"> </div>Note 21<div style="display:inline-block;width:3.43px"> </div>for more<div style="display:inline-block;width:3.93px"> </div>information.<div style="display:inline-block;width:11.33px"> </div>7 The<div style="display:inline-block;width:3.4px"> </div>amount<div style="display:inline-block;width:3.62px"> </div>shown in<div style="display:inline-block;width:3.62px"> </div>the </div><div id="a106401" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:758px;">“Guarantees” column includes<div style="display:inline-block;width:3.65px"> </div>sub-participations.</div></div> 169400000000 169400000000 14800000000 0.0 100000000 14700000000 67800000000 0.0 64500000000 2400000000 900000000 35000000000.0 22900000000 12100000000 387200000000 33600000000 115900000000 197800000000 19600000000 3000000000.0 17300000000 53300000000 100000000 500000000 0.0 1300000000 51300000000 727600000000 33700000000 181000000000.0 197900000000 23400000000 22900000000 0.0 3000000000.0 265800000000 2200000000 2200000000 729800000000 33700000000 181000000000.0 197900000000 23400000000 22900000000 0.0 3000000000.0 268000000000.0 22100000000 1200000000 9300000000 100000000 2000000000.0 1800000000 7700000000 39900000000 200000000 3100000000 1300000000 6500000000 100000000 1000000000.0 27800000000 3800000000 3800000000 0.0 41400000000 200000000 8200000000 6000000000.0 6200000000 500000000 20200000000 107200000000 1600000000 24400000000 7500000000 14700000000 0.0 100000000 3300000000 55700000000 192800000000 192800000000 15500000000 100000000 100000000 15300000000 75000000000.0 0.0 68000000000.0 6900000000 0.0 30500000000 18400000000 12100000000 397800000000 37500000000 128700000000 191300000000 20200000000 4000000000.0 16200000000 26200000000 200000000 100000000 0.0 1300000000 24600000000 737800000000 37700000000 196900000000 191300000000 28400000000 18400000000 0.0 4000000000.0 261000000000.0 8800000000 8800000000 746600000000 37700000000 196900000000 191300000000 28400000000 18400000000 0.0 4000000000.0 269800000000 20900000000 1300000000 6500000000 200000000 2500000000 2300000000 8100000000 39400000000 500000000 4000000000.0 2400000000 7300000000 300000000 1700000000 23100000000 1400000000 1400000000 0.0 40700000000 300000000 9000000000.0 6200000000 3900000000 500000000 20900000000 102500000000 2200000000 20900000000 8700000000 13700000000 0.0 300000000 4500000000 52100000000 1372000000 1443000000 113000000 130000000 <div id="TextBlockContainer548" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:395px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_546_XBRL_TS_5e6be93a6f2f4b8aabbcbd0e4dbb86ff" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer547" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:395px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a106488" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Financial assets subject to credit risk by<div style="display:inline-block;width:4.27px"> </div>rating category </div><div id="a106491" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:12.5px;">USD m </div><div id="a106494" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:446.608px;top:12.5px;">31.12.22 </div><div id="a106496" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:71.6px;">Rating category</div><div id="a106497" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:60.932px;top:72.2px;">1</div><div id="a106500" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:271.035px;top:71.6px;">0–1 </div><div id="a106504" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:313.622px;top:71.6px;">2–3 </div><div id="a106508" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:356.688px;top:71.6px;">4–5 </div><div id="a106512" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:399.755px;top:71.6px;">6–8 </div><div id="a106516" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.062px;top:71.6px;">9–13 </div><div id="a106520" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:489.168px;top:48.4px;">Credit-</div><div id="a106522" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:482.542px;top:59.7px;">impaired </div><div id="a106523" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:474.502px;top:71.6px;">(defaulted) </div><div id="a106525" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:522.768px;top:48.4px;">Total gross </div><div id="a106526" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:533.648px;top:59.7px;">carrying </div><div id="a106527" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:534.595px;top:71.6px;">amount </div><div id="a106529" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.582px;top:59.7px;">ECL </div><div id="a106530" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:570.102px;top:71.6px;">allowances </div><div id="a106532" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:634.448px;top:24.7px;">Net carrying </div><div id="a106533" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:650.515px;top:36.6px;">amount </div><div id="a106534" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:640.595px;top:48.4px;">(maximum </div><div id="a106535" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:636.328px;top:59.7px;">exposure to </div><div id="a106536" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:641.062px;top:71.6px;">credit risk) </div><div id="a106538" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:83.9px;">Financial assets measured at amortized<div style="display:inline-block;width:3.86px"> </div>cost </div><div id="a106550" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:96.2px;">Cash and balances at central banks </div><div id="a106554_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:254.475px;top:96.2px;">168,525</div><div id="a106557_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:313.622px;top:96.2px;">877</div><div id="a106560_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:96.2px;">0</div><div id="a106563_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:409.688px;top:96.2px;">0</div><div id="a106566_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.022px;top:96.2px;">56</div><div id="a106569_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.528px;top:96.2px;">0</div><div id="a106572_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.288px;top:96.2px;">169,457</div><div id="a106575_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:96.2px;display:flex;">(12)</div><div id="a106578_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.688px;top:96.2px;">169,445</div><div id="a106581" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:108.5px;">of which: stage 1 </div><div id="a106584_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:254.475px;top:108.5px;">168,525</div><div id="a106587_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:313.622px;top:108.5px;">877</div><div id="a106590_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:108.5px;">0</div><div id="a106593_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:108.5px;">0</div><div id="a106596_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:108.5px;">0</div><div id="a106599_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:108.5px;">0</div><div id="a106602_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:531.288px;top:108.5px;">169,402</div><div id="a106605_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:605.595px;top:108.5px;">0</div><div id="a106608_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:647.688px;top:108.5px;">169,402</div><div id="a106611" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:121.7px;">of which: stage 2 </div><div id="a106614_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:280.955px;top:121.7px;">0</div><div id="a106617_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:121.7px;">0</div><div id="a106620_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:121.7px;">0</div><div id="a106623_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:121.7px;">0</div><div id="a106626_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:448.022px;top:121.7px;">56</div><div id="a106629_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:121.7px;">0</div><div id="a106632_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:553.075px;top:121.7px;">56</div><div id="a106635_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:595.635px;top:121.7px;display:flex;">(12)</div><div id="a106638_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.475px;top:121.7px;">44</div><div id="a106641" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:134px;">Loans and advances to banks </div><div id="a106644_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:271.035px;top:134px;">862</div><div id="a106647_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:301.795px;top:134px;">12,257</div><div id="a106650_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:134px;">860</div><div id="a106653_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:399.755px;top:134px;">440</div><div id="a106656_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:442.822px;top:134px;">379</div><div id="a106659_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.528px;top:134px;">0</div><div id="a106662_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.008px;top:134px;">14,798</div><div id="a106665_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.862px;top:134px;display:flex;">(6)</div><div id="a106668_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.448px;top:134px;">14,792</div><div id="a106671" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:146.3px;">of which: stage 1 </div><div id="a106674_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:271.035px;top:146.3px;">862</div><div id="a106677_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:301.795px;top:146.3px;">12,257</div><div id="a106680_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:356.688px;top:146.3px;">860</div><div id="a106683_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.755px;top:146.3px;">440</div><div id="a106686_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:146.3px;">378</div><div id="a106689_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:146.3px;">0</div><div id="a106692_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:536.008px;top:146.3px;">14,797</div><div id="a106695_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:600.395px;top:146.3px;display:flex;">(5)</div><div id="a106698_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:652.448px;top:146.3px;">14,792</div><div id="a106701" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:159.6px;">of which: stage 2 </div><div id="a106704_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:280.955px;top:159.6px;">0</div><div id="a106707_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:159.6px;">0</div><div id="a106710_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:159.6px;">0</div><div id="a106713_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:159.6px;">0</div><div id="a106716_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:159.6px;">1</div><div id="a106719_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:159.6px;">0</div><div id="a106722_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:557.795px;top:159.6px;">1</div><div id="a106725_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:600.395px;top:159.6px;display:flex;">(1)</div><div id="a106728_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:674.195px;top:159.6px;">1</div><div id="a106731" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:172.4px;">of which: stage 3 </div><div id="a106734_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:280.955px;top:172.4px;">0</div><div id="a106737_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:172.4px;">0</div><div id="a106740_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:172.4px;">0</div><div id="a106743_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:172.4px;">0</div><div id="a106746_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:172.4px;">0</div><div id="a106749_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:172.4px;">0</div><div id="a106752_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:557.795px;top:172.4px;">0</div><div id="a106755_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:605.595px;top:172.4px;">0</div><div id="a106758_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:674.195px;top:172.4px;">0</div><div id="a106761" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:184.7px;">Receivables from securities<div style="display:inline-block;width:3.89px"> </div>financing transactions measured at </div><div id="a106763" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:196.5px;">amortized cost </div><div id="a106766_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:259.208px;top:196.5px;">27,158</div><div id="a106769_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:301.795px;top:196.5px;">15,860</div><div id="a106772_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:349.595px;top:196.5px;">8,870</div><div id="a106775_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.902px;top:196.5px;">15,207</div><div id="a106778_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:442.822px;top:196.5px;">721</div><div id="a106781_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.528px;top:196.5px;">0</div><div id="a106784_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.008px;top:196.5px;">67,816</div><div id="a106787_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.862px;top:196.5px;display:flex;">(2)</div><div id="a106790_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.448px;top:196.5px;">67,814</div><div id="a106793" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:208.8px;">of which: stage 1 </div><div id="a106796_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:259.208px;top:208.8px;">27,158</div><div id="a106799_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:301.795px;top:208.8px;">15,860</div><div id="a106802_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:349.595px;top:208.8px;">8,870</div><div id="a106805_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:387.902px;top:208.8px;">15,207</div><div id="a106808_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:208.8px;">721</div><div id="a106811_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:208.8px;">0</div><div id="a106814_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:536.008px;top:208.8px;">67,816</div><div id="a106817_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:600.395px;top:208.8px;display:flex;">(2)</div><div id="a106820_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:652.448px;top:208.8px;">67,814</div><div id="a106823" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:221.1px;">Cash collateral receivables on<div style="display:inline-block;width:3.94px"> </div>derivative instruments </div><div id="a106826_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:259.208px;top:221.1px;">10,613</div><div id="a106829_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:301.795px;top:221.1px;">12,977</div><div id="a106832_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:349.595px;top:221.1px;">7,138</div><div id="a106835_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:221.1px;">4,157</div><div id="a106838_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:442.822px;top:221.1px;">147</div><div id="a106841_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.528px;top:221.1px;">0</div><div id="a106844_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.008px;top:221.1px;">35,033</div><div id="a106847_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.595px;top:221.1px;">0</div><div id="a106850_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.448px;top:221.1px;">35,032</div><div id="a106853" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:233.4px;">of which: stage 1 </div><div id="a106856_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:259.208px;top:233.4px;">10,613</div><div id="a106859_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:301.795px;top:233.4px;">12,977</div><div id="a106862_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:349.595px;top:233.4px;">7,138</div><div id="a106865_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:233.4px;">4,157</div><div id="a106868_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:233.4px;">147</div><div id="a106871_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:233.4px;">0</div><div id="a106874_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:536.008px;top:233.4px;">35,033</div><div id="a106877_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:605.595px;top:233.4px;">0</div><div id="a106880_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:652.448px;top:233.4px;">35,032</div><div id="a106883" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:246.2px;">Loans and advances to customers </div><div id="a106886_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:263.942px;top:246.2px;">6,491</div><div id="a106889_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:297.075px;top:246.2px;">214,473</div><div id="a106892_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.862px;top:246.2px;">68,356</div><div id="a106895_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.902px;top:246.2px;">74,732</div><div id="a106898_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.968px;top:246.2px;">21,939</div><div id="a106901_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:492.475px;top:246.2px;">2,012</div><div id="a106904_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.288px;top:246.2px;">388,003</div><div id="a106907_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:590.902px;top:246.2px;display:flex;">(783)</div><div id="a106910_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.688px;top:246.2px;">387,220</div><div id="a106913" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:258.5px;">of which: stage 1 </div><div id="a106916_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:263.942px;top:258.5px;">6,491</div><div id="a106919_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:297.075px;top:258.5px;">212,980</div><div id="a106922_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.862px;top:258.5px;">66,114</div><div id="a106925_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:387.902px;top:258.5px;">68,034</div><div id="a106928_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:430.968px;top:258.5px;">16,605</div><div id="a106931_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:258.5px;">0</div><div id="a106934_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:531.288px;top:258.5px;">370,224</div><div id="a106937_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:590.902px;top:258.5px;display:flex;">(129)</div><div id="a106940_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:647.688px;top:258.5px;">370,095</div><div id="a106943" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:271.2px;">of which: stage 2 </div><div id="a106946_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:280.955px;top:271.2px;">0</div><div id="a106949_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:306.528px;top:271.2px;">1,493</div><div id="a106952_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:349.595px;top:271.2px;">2,242</div><div id="a106955_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:271.2px;">6,698</div><div id="a106958_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:271.2px;">5,334</div><div id="a106961_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:271.2px;">0</div><div id="a106964_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:536.008px;top:271.2px;">15,767</div><div id="a106967_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:590.902px;top:271.2px;display:flex;">(180)</div><div id="a106970_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:652.448px;top:271.2px;">15,587</div><div id="a106973" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:284.5px;">of which: stage 3 </div><div id="a106976_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:280.955px;top:284.5px;">0</div><div id="a106979_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:284.5px;">0</div><div id="a106982_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:284.5px;">0</div><div id="a106985_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:284.5px;">0</div><div id="a106988_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:284.5px;">0</div><div id="a106991_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.475px;top:284.5px;">2,012</div><div id="a106994_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:540.742px;top:284.5px;">2,012</div><div id="a106997_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:590.902px;top:284.5px;display:flex;">(474)</div><div id="a107000_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:657.168px;top:284.5px;">1,538</div><div id="a107003" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:296.8px;">Other financial assets measured at<div style="display:inline-block;width:4.03px"> </div>amortized cost </div><div id="a107007_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:259.208px;top:296.8px;">29,011</div><div id="a107010_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:301.795px;top:296.8px;">16,632</div><div id="a107013_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:296.8px;">447</div><div id="a107016_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:296.8px;">6,600</div><div id="a107019_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:442.822px;top:296.8px;">450</div><div id="a107022_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:499.595px;top:296.8px;">210</div><div id="a107025_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.008px;top:296.8px;">53,350</div><div id="a107028_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:296.8px;display:flex;">(86)</div><div id="a107031_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.448px;top:296.8px;">53,264</div><div id="a107034" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:309.1px;">of which: stage 1 </div><div id="a107037_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:259.208px;top:309.1px;">29,011</div><div id="a107040_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:301.795px;top:309.1px;">16,630</div><div id="a107043_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:356.688px;top:309.1px;">427</div><div id="a107046_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:309.1px;">6,317</div><div id="a107049_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:309.1px;">336</div><div id="a107052_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:309.1px;">0</div><div id="a107055_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:536.008px;top:309.1px;">52,721</div><div id="a107058_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:595.635px;top:309.1px;display:flex;">(17)</div><div id="a107061_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:652.448px;top:309.1px;">52,704</div><div id="a107064" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:322.3px;">of which: stage 2 </div><div id="a107067_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:280.955px;top:322.3px;">0</div><div id="a107070_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:322.3px;">2</div><div id="a107073_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:361.888px;top:322.3px;">20</div><div id="a107076_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.755px;top:322.3px;">283</div><div id="a107079_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:322.3px;">114</div><div id="a107082_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:322.3px;">0</div><div id="a107085_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:547.875px;top:322.3px;">419</div><div id="a107088_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:600.395px;top:322.3px;display:flex;">(6)</div><div id="a107091_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:322.3px;">413</div><div id="a107094" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:335.1px;">of which: stage 3 </div><div id="a107097_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:280.955px;top:335.1px;">0</div><div id="a107100_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:335.1px;">0</div><div id="a107103_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:335.1px;">0</div><div id="a107106_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:335.1px;">0</div><div id="a107109_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:335.1px;">0</div><div id="a107112_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:499.595px;top:335.1px;">210</div><div id="a107115_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:547.875px;top:335.1px;">210</div><div id="a107118_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:595.635px;top:335.1px;display:flex;">(63)</div><div id="a107121_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:335.1px;">147</div><div id="a107124" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:347.4px;">Total financial assets<div style="display:inline-block;width:3.87px"> </div>measured at amortized cost </div><div id="a107127_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:254.475px;top:347.4px;">242,660</div><div id="a107130_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:297.075px;top:347.4px;">273,076</div><div id="a107133_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:344.862px;top:347.4px;">85,671</div><div id="a107136_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.168px;top:347.4px;">101,136</div><div id="a107139_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:430.968px;top:347.4px;">23,693</div><div id="a107142_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:492.475px;top:347.4px;">2,222</div><div id="a107145_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:531.288px;top:347.4px;">728,457</div><div id="a107148_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:590.902px;top:347.4px;display:flex;">(889)</div><div id="a107151_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:647.688px;top:347.4px;">727,568</div><div id="a107154" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:360.6px;">On-balance sheet financial instruments </div><div id="a107168" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:372.9px;">Financial assets measured at FVOCI<div style="display:inline-block;width:4.13px"> </div>– debt instruments </div><div id="a107175_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:263.942px;top:372.9px;">1,307</div><div id="a107178_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:313.622px;top:372.9px;">840</div><div id="a107181_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:372.9px;">0</div><div id="a107184_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:404.955px;top:372.9px;">92</div><div id="a107187_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:452.755px;top:372.9px;">0</div><div id="a107190_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.528px;top:372.9px;">0</div><div id="a107193_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:540.742px;top:372.9px;">2,239</div><div id="a107196_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.595px;top:372.9px;">0</div><div id="a107199_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:372.9px;">2,239</div><div id="a107202" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:385.3px;">Total on-balance<div style="display:inline-block;width:3.77px"> </div>sheet financial instruments </div><div id="a107207_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:254.475px;top:385.3px;">243,966</div><div id="a107210_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:297.075px;top:385.3px;">273,916</div><div id="a107213_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:344.862px;top:385.3px;">85,671</div><div id="a107216_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.168px;top:385.3px;">101,228</div><div id="a107219_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:430.968px;top:385.3px;">23,693</div><div id="a107222_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:492.475px;top:385.3px;">2,222</div><div id="a107225_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:531.288px;top:385.3px;">730,696</div><div id="a107228_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:590.902px;top:385.3px;display:flex;">(889)</div><div id="a107231_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:647.688px;top:385.3px;">729,807</div></div></div></div> 168525000000 877000000 0 0 56000000 0 169457000000 -12000000 169445000000 168525000000 877000000 0 0 0 0 169402000000 0 169402000000 0 0 0 0 56000000 0 56000000 -12000000 44000000 862000000 12257000000 860000000 440000000 379000000 0 14798000000 -6000000 14792000000 862000000 12257000000 860000000 440000000 378000000 0 14797000000 -5000000 14792000000 0 0 0 0 1000000 0 1000000 -1000000 1000000 0 0 0 0 0 0 0 0 0 27158000000 15860000000 8870000000 15207000000 721000000 0 67816000000 -2000000 67814000000 27158000000 15860000000 8870000000 15207000000 721000000 0 67816000000 -2000000 67814000000 10613000000 12977000000 7138000000 4157000000 147000000 0 35033000000 0 35032000000 10613000000 12977000000 7138000000 4157000000 147000000 0 35033000000 0 35032000000 6491000000 214473000000 68356000000 74732000000 21939000000 2012000000 388003000000 -783000000 387220000000 6491000000 212980000000 66114000000 68034000000 16605000000 0 370224000000 -129000000 370095000000 0 1493000000 2242000000 6698000000 5334000000 0 15767000000 -180000000 15587000000 0 0 0 0 0 2012000000 2012000000 -474000000 1538000000 29011000000 16632000000 447000000 6600000000 450000000 210000000 53350000000 -86000000 53264000000 29011000000 16630000000 427000000 6317000000 336000000 0 52721000000 -17000000 52704000000 0 2000000 20000000 283000000 114000000 0 419000000 -6000000 413000000 0 0 0 0 0 210000000 210000000 -63000000 147000000 242660000000 273076000000 85671000000 101136000000 23693000000 2222000000 728457000000 -889000000 727568000000 1307000000 840000000 0 92000000 0 0 2239000000 0 2239000000 243966000000 273916000000 85671000000 101228000000 23693000000 2222000000 730696000000 -889000000 729807000000 <div id="TextBlockContainer551" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:371px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a107235" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Off-balance sheet positions subject to expected<div style="display:inline-block;width:4.46px"> </div>credit loss by rating category </div><div id="a107240" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:12.5px;">USD m </div><div id="a107243" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:466.942px;top:12.5px;">31.12.22 </div><div id="a107245" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:83.4px;">Rating category</div><div id="a107246" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:60.932px;top:84.1px;">1</div><div id="a107249" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:313.622px;top:83.4px;">0–1 </div><div id="a107253" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:356.688px;top:83.4px;">2–3 </div><div id="a107257" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:399.755px;top:83.4px;">4–5 </div><div id="a107261" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:442.822px;top:83.4px;">6–8 </div><div id="a107265" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:481.128px;top:83.4px;">9–13 </div><div id="a107269" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:532.235px;top:59.8px;">Credit-</div><div id="a107271" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.608px;top:71.6px;">impaired </div><div id="a107273" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:517.568px;top:83.4px;">(defaulted) </div><div id="a107275" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:584.288px;top:24.8px;">Total off- </div><div id="a107278" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:567.728px;top:36.6px;">balance sheet </div><div id="a107279" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:585.222px;top:48.4px;">exposure </div><div id="a107281" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:579.555px;top:59.8px;">(maximum </div><div id="a107282" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:575.302px;top:71.6px;">exposure to </div><div id="a107283" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:580.022px;top:83.4px;">credit risk) </div><div id="a107285" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:625.462px;top:83.4px;">ECL provisions </div><div id="a107287" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:95.7px;">Off-balance sheet financial instruments </div><div id="a107300" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:108px;">Guarantees<div style="display:inline-block;width:2.82px"> </div></div><div id="a107303_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:108px;">7,252</div><div id="a107306_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:349.595px;top:108px;">5,961</div><div id="a107309_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:108px;">4,772</div><div id="a107312_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.702px;top:108px;">3,049</div><div id="a107315_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:478.755px;top:108px;">1,025</div><div id="a107318_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:542.635px;top:108px;">108</div><div id="a107321_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:108px;">22,167</div><div id="a107324_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:108px;display:flex;">(48)</div><div id="a107327" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:120.3px;">of which: stage 1 </div><div id="a107330_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:306.528px;top:120.3px;">7,252</div><div id="a107333_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:349.595px;top:120.3px;">5,917</div><div id="a107336_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:120.3px;">3,812</div><div id="a107339_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:120.3px;">2,229</div><div id="a107342_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:120.3px;">596</div><div id="a107345_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:120.3px;">0</div><div id="a107348_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:591.382px;top:120.3px;">19,805</div><div id="a107351_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:120.3px;display:flex;">(13)</div><div id="a107354" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:133.6px;">of which: stage 2 </div><div id="a107357_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:133.6px;">0</div><div id="a107360_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:361.888px;top:133.6px;">44</div><div id="a107363_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.755px;top:133.6px;">960</div><div id="a107366_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:133.6px;">821</div><div id="a107369_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:133.6px;">429</div><div id="a107372_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:133.6px;">0</div><div id="a107375_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.102px;top:133.6px;">2,254</div><div id="a107378_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.048px;top:133.6px;display:flex;">(9)</div><div id="a107381" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:146.4px;">of which: stage 3 </div><div id="a107384_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:146.4px;">0</div><div id="a107387_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:146.4px;">0</div><div id="a107390_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:146.4px;">0</div><div id="a107393_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:146.4px;">0</div><div id="a107396_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:495.822px;top:146.4px;">0</div><div id="a107399_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:542.635px;top:146.4px;">108</div><div id="a107402_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.235px;top:146.4px;">108</div><div id="a107405_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:146.4px;display:flex;">(26)</div><div id="a107408" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:158.7px;">Irrevocable loan commitments </div><div id="a107412_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:158.7px;">1,770</div><div id="a107415_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.862px;top:158.7px;">14,912</div><div id="a107418_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:158.7px;">6,986</div><div id="a107421_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.968px;top:158.7px;">10,097</div><div id="a107424_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:478.755px;top:158.7px;">6,107</div><div id="a107427_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:542.635px;top:158.7px;">124</div><div id="a107430_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:158.7px;">39,996</div><div id="a107433_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.595px;top:158.7px;display:flex;">(111)</div><div id="a107436" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:171.4px;">of which: stage 1 </div><div id="a107439_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:306.528px;top:171.4px;">1,770</div><div id="a107442_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.862px;top:171.4px;">14,789</div><div id="a107445_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:171.4px;">6,818</div><div id="a107448_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:171.4px;">9,625</div><div id="a107451_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:478.755px;top:171.4px;">4,529</div><div id="a107454_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:171.4px;">0</div><div id="a107457_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:591.382px;top:171.4px;">37,531</div><div id="a107460_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:171.4px;display:flex;">(59)</div><div id="a107463" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:184.2px;">of which: stage 2 </div><div id="a107466_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:184.2px;">0</div><div id="a107469_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:356.688px;top:184.2px;">123</div><div id="a107472_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.755px;top:184.2px;">168</div><div id="a107475_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:184.2px;">472</div><div id="a107478_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:478.755px;top:184.2px;">1,578</div><div id="a107481_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:184.2px;">0</div><div id="a107484_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.102px;top:184.2px;">2,341</div><div id="a107487_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:184.2px;display:flex;">(52)</div><div id="a107490" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:197.4px;">of which: stage 3 </div><div id="a107493_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:197.4px;">0</div><div id="a107496_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:197.4px;">0</div><div id="a107499_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:197.4px;">0</div><div id="a107502_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:197.4px;">0</div><div id="a107505_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:495.822px;top:197.4px;">0</div><div id="a107508_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:542.635px;top:197.4px;">124</div><div id="a107511_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.235px;top:197.4px;">124</div><div id="a107514_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.248px;top:197.4px;">0</div><div id="a107517" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:209.8px;">Forward starting reverse repurchase<div style="display:inline-block;width:4.41px"> </div>and securities borrowing agreements </div><div id="a107520_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:209.8px;">2,781</div><div id="a107523_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:209.8px;">2</div><div id="a107526_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:404.955px;top:209.8px;">11</div><div id="a107529_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.702px;top:209.8px;">1,007</div><div id="a107532_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:495.822px;top:209.8px;">0</div><div id="a107535_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:552.595px;top:209.8px;">0</div><div id="a107538_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:209.8px;">3,801</div><div id="a107541_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.248px;top:209.8px;">0</div><div id="a107544" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:222.1px;">Total off-balance sheet<div style="display:inline-block;width:3.78px"> </div>financial instruments </div><div id="a107549_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:301.795px;top:222.1px;">11,803</div><div id="a107552_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:344.862px;top:222.1px;">20,874</div><div id="a107555_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:387.902px;top:222.1px;">11,769</div><div id="a107558_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:430.968px;top:222.1px;">14,153</div><div id="a107561_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:478.755px;top:222.1px;">7,132</div><div id="a107564_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:542.635px;top:222.1px;">233</div><div id="a107567_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:222.1px;">65,964</div><div id="a107570_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:658.595px;top:222.1px;display:flex;">(159)</div><div id="a107573" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:234.8px;">Credit lines </div><div id="a107584" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:247.6px;">Committed unconditionally revocable<div style="display:inline-block;width:3.72px"> </div>credit lines </div><div id="a107587_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:247.6px;">2,288</div><div id="a107590_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.862px;top:247.6px;">15,918</div><div id="a107593_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:247.6px;">9,247</div><div id="a107596_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.968px;top:247.6px;">10,162</div><div id="a107599_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:478.755px;top:247.6px;">3,739</div><div id="a107602_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:547.875px;top:247.6px;">36</div><div id="a107605_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:247.6px;">41,390</div><div id="a107608_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:247.6px;display:flex;">(40)</div><div id="a107611" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:259.9px;">of which: stage 1 </div><div id="a107614_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:306.528px;top:259.9px;">2,288</div><div id="a107617_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.862px;top:259.9px;">15,213</div><div id="a107620_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:259.9px;">8,960</div><div id="a107623_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:259.9px;">9,631</div><div id="a107626_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:478.755px;top:259.9px;">3,429</div><div id="a107629_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:259.9px;">0</div><div id="a107632_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:591.382px;top:259.9px;">39,521</div><div id="a107635_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:259.9px;display:flex;">(32)</div><div id="a107638" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:272.7px;">of which: stage 2 </div><div id="a107641_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:272.7px;">0</div><div id="a107644_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:356.688px;top:272.7px;">705</div><div id="a107647_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.755px;top:272.7px;">287</div><div id="a107650_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:272.7px;">531</div><div id="a107653_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:272.7px;">310</div><div id="a107656_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:272.7px;">0</div><div id="a107659_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.102px;top:272.7px;">1,833</div><div id="a107662_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.048px;top:272.7px;display:flex;">(8)</div><div id="a107665" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:285.9px;">of which: stage 3 </div><div id="a107669_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:285.9px;">0</div><div id="a107672_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:285.9px;">0</div><div id="a107675_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:285.9px;">0</div><div id="a107678_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:285.9px;">0</div><div id="a107681_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:495.822px;top:285.9px;">0</div><div id="a107684_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:547.875px;top:285.9px;">36</div><div id="a107687_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:285.9px;">36</div><div id="a107690_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.248px;top:285.9px;">0</div><div id="a107693" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:298.2px;">Irrevocable committed prolongation<div style="display:inline-block;width:3.85px"> </div>of existing loans </div><div id="a107696_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:323.555px;top:298.2px;">7</div><div id="a107699_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:349.595px;top:298.2px;">1,939</div><div id="a107702_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:298.2px;">1,489</div><div id="a107705_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:442.822px;top:298.2px;">868</div><div id="a107708_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.848px;top:298.2px;">392</div><div id="a107711_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:552.595px;top:298.2px;">2</div><div id="a107714_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:298.2px;">4,696</div><div id="a107717_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:298.2px;display:flex;">(2)</div><div id="a107720" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:310.5px;">of which: stage 1 </div><div id="a107723_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:310.5px;">7</div><div id="a107726_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:349.595px;top:310.5px;">1,938</div><div id="a107729_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:310.5px;">1,411</div><div id="a107732_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:310.5px;">864</div><div id="a107735_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:310.5px;">380</div><div id="a107738_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:310.5px;">0</div><div id="a107741_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.102px;top:310.5px;">4,600</div><div id="a107744_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.048px;top:310.5px;display:flex;">(2)</div><div id="a107747" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:323.8px;">of which: stage 2 </div><div id="a107750_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:323.8px;">0</div><div id="a107753_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:323.8px;">1</div><div id="a107756_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:404.955px;top:323.8px;">78</div><div id="a107759_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:323.8px;">4</div><div id="a107762_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:491.062px;top:323.8px;">11</div><div id="a107765_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:323.8px;">0</div><div id="a107768_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:323.8px;">94</div><div id="a107771_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.248px;top:323.8px;">0</div><div id="a107774" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:336.5px;">of which: stage 3 </div><div id="a107778_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:336.5px;">0</div><div id="a107781_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:336.5px;">0</div><div id="a107784_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:336.5px;">0</div><div id="a107787_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:336.5px;">0</div><div id="a107790_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:495.822px;top:336.5px;">0</div><div id="a107793_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:336.5px;">2</div><div id="a107796_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.155px;top:336.5px;">2</div><div id="a107799_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.248px;top:336.5px;">0</div><div id="a107802" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:348.8px;">Total credit lines </div><div id="a107805_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:306.528px;top:348.8px;">2,295</div><div id="a107808_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:344.862px;top:348.8px;">17,857</div><div id="a107811_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:387.902px;top:348.8px;">10,736</div><div id="a107814_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:430.968px;top:348.8px;">11,030</div><div id="a107817_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:478.755px;top:348.8px;">4,131</div><div id="a107820_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:547.875px;top:348.8px;">37</div><div id="a107823_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:348.8px;">46,086</div><div id="a107826_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:663.795px;top:348.8px;display:flex;">(42)</div><div id="a107829" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:362.9px;">1 Refer to the “Internal UBS rating<div style="display:inline-block;width:3.99px"> </div>scale and mapping of external<div style="display:inline-block;width:3.8px"> </div>ratings” table in the “Risk<div style="display:inline-block;width:3.66px"> </div>management and control”<div style="display:inline-block;width:3.64px"> </div>section of this report for<div style="display:inline-block;width:3.56px"> </div>more information on rating<div style="display:inline-block;width:3.44px"> </div>categories.</div></div> 7252000000 5961000000 4772000000 3049000000 1025000000 108000000 22167000000 48000000 7252000000 5917000000 3812000000 2229000000 596000000 0 19805000000 13000000 0 44000000 960000000 821000000 429000000 0 2254000000 9000000 0 0 0 0 0 108000000 108000000 26000000 1770000000 14912000000 6986000000 10097000000 6107000000 124000000 39996000000 111000000 1770000000 14789000000 6818000000 9625000000 4529000000 0 37531000000 59000000 0 123000000 168000000 472000000 1578000000 0 2341000000 52000000 0 0 0 0 0 124000000 124000000 0 2781000000 2000000 11000000 1007000000 0 0 3801000000 0 11803000000 20874000000 11769000000 14153000000 7132000000 233000000 65964000000 159000000 2288000000 15918000000 9247000000 10162000000 3739000000 36000000 41390000000 40000000 2288000000 15213000000 8960000000 9631000000 3429000000 0 39521000000 32000000 0 705000000 287000000 531000000 310000000 0 1833000000 8000000 0 0 0 0 0 36000000 36000000 0 7000000 1939000000 1489000000 868000000 392000000 2000000 4696000000 2000000 7000000 1938000000 1411000000 864000000 380000000 0 4600000000 2000000 0 1000000 78000000 4000000 11000000 0 94000000 0 0 0 0 0 0 2000000 2000000 0 2295000000 17857000000 10736000000 11030000000 4131000000 37000000 46086000000 42000000 <div id="TextBlockContainer556" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:687px;height:382px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_554_XBRL_TS_3d05aa3c92a1469b8eeaf8198a0b00ba" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer555" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:687px;height:382px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a107871" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Financial assets subject to credit risk by<div style="display:inline-block;width:4.27px"> </div>rating category </div><div id="a107873" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:12.5px;">USD m </div><div id="a107876" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.968px;top:12.5px;">31.12.21 </div><div id="a107880" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:71.6px;">Rating category</div><div id="a107881" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:60.932px;top:72.2px;">1</div><div id="a107884" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:253.528px;top:71.6px;">0–1 </div><div id="a107888" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:301.328px;top:71.6px;">2–3 </div><div id="a107892" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:348.648px;top:71.6px;">4–5 </div><div id="a107896" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.448px;top:71.6px;">6–8 </div><div id="a107900" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.422px;top:71.6px;">9–13 </div><div id="a107904" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:492.008px;top:48px;">Credit-</div><div id="a107906" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.382px;top:59.8px;">impaired </div><div id="a107907" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:477.342px;top:71.6px;">(defaulted) </div><div id="a107909" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.142px;top:48px;">Total gross </div><div id="a107910" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.542px;top:59.8px;">carrying </div><div id="a107911" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.488px;top:71.6px;">amount </div><div id="a107913" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.942px;top:59.8px;">ECL </div><div id="a107914" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.982px;top:71.6px;">allowances </div><div id="a107916" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.862px;top:24.8px;">Net carrying </div><div id="a107917" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:36.6px;">amount </div><div id="a107918" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:642.008px;top:48px;">(maximum </div><div id="a107919" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:637.275px;top:59.8px;">exposure to </div><div id="a107920" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:642.008px;top:71.6px;">credit risk) </div><div id="a107922" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:83.9px;">Financial assets measured at amortized<div style="display:inline-block;width:3.86px"> </div>cost </div><div id="a107934" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:96.2px;">Cash and balances at central banks </div><div id="a107937_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:236.982px;top:96.2px;">191,015</div><div id="a107940_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:294.235px;top:96.2px;">1,802</div><div id="a107943_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:358.582px;top:96.2px;">0</div><div id="a107946_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:406.368px;top:96.2px;">0</div><div id="a107949_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.115px;top:96.2px;">0</div><div id="a107952_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.902px;top:96.2px;">0</div><div id="a107955_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.182px;top:96.2px;">192,817</div><div id="a107958_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.488px;top:96.2px;">0</div><div id="a107961_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:648.635px;top:96.2px;">192,817</div><div id="a107964" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:108.5px;">of which: stage 1 </div><div id="a107968_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:236.982px;top:108.5px;">191,015</div><div id="a107971_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:294.235px;top:108.5px;">1,802</div><div id="a107974_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:358.582px;top:108.5px;">0</div><div id="a107977_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:406.368px;top:108.5px;">0</div><div id="a107980_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:455.115px;top:108.5px;">0</div><div id="a107983_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:108.5px;">0</div><div id="a107986_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.182px;top:108.5px;">192,817</div><div id="a107989_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.488px;top:108.5px;">0</div><div id="a107992_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:648.635px;top:108.5px;">192,817</div><div id="a107995" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:120.8px;">Loans and advances to banks </div><div id="a107998_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:253.528px;top:120.8px;">407</div><div id="a108001_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:289.502px;top:120.8px;">12,623</div><div id="a108004_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:341.555px;top:120.8px;">1,171</div><div id="a108007_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.448px;top:120.8px;">795</div><div id="a108010_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:445.182px;top:120.8px;">490</div><div id="a108013_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.902px;top:120.8px;">1</div><div id="a108016_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:537.902px;top:120.8px;">15,488</div><div id="a108019_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:602.755px;top:120.8px;display:flex;">(8)</div><div id="a108022_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:120.8px;">15,480</div><div id="a108025" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:133.1px;">of which: stage 1 </div><div id="a108028_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:253.528px;top:133.1px;">407</div><div id="a108031_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:289.502px;top:133.1px;">12,623</div><div id="a108034_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:133.1px;">1,146</div><div id="a108037_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:396.448px;top:133.1px;">795</div><div id="a108040_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:445.182px;top:133.1px;">488</div><div id="a108043_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:133.1px;">0</div><div id="a108046_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:537.902px;top:133.1px;">15,460</div><div id="a108049_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:602.288px;top:133.1px;display:flex;">(7)</div><div id="a108052_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:653.395px;top:133.1px;">15,453</div><div id="a108055" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:146.4px;">of which: stage 2 </div><div id="a108058_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:263.462px;top:146.4px;">0</div><div id="a108061_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:311.262px;top:146.4px;">0</div><div id="a108064_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:353.848px;top:146.4px;">24</div><div id="a108067_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:406.368px;top:146.4px;">0</div><div id="a108070_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:455.115px;top:146.4px;">2</div><div id="a108073_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:146.4px;">0</div><div id="a108076_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:554.968px;top:146.4px;">27</div><div id="a108079_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:602.288px;top:146.4px;display:flex;">(1)</div><div id="a108082_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.408px;top:146.4px;">26</div><div id="a108085" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:159.6px;">of which: stage 3 </div><div id="a108088_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:263.462px;top:159.6px;">0</div><div id="a108091_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:311.262px;top:159.6px;">0</div><div id="a108094_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:358.582px;top:159.6px;">0</div><div id="a108097_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:406.368px;top:159.6px;">0</div><div id="a108100_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:455.115px;top:159.6px;">0</div><div id="a108103_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:159.6px;">1</div><div id="a108106_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:559.688px;top:159.6px;">1</div><div id="a108109_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.488px;top:159.6px;">0</div><div id="a108112_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:675.142px;top:159.6px;">1</div><div id="a108115" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:171.9px;">Receivables from securities<div style="display:inline-block;width:3.89px"> </div>financing transactions </div><div id="a108116" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:183.3px;">measured at amortized cost </div><div id="a108119_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:241.715px;top:183.3px;">34,386</div><div id="a108122_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:289.502px;top:183.3px;">11,267</div><div id="a108125_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:336.822px;top:183.3px;">10,483</div><div id="a108128_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:183.3px;">17,440</div><div id="a108131_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.062px;top:183.3px;">1,439</div><div id="a108134_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.902px;top:183.3px;">0</div><div id="a108137_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:537.902px;top:183.3px;">75,014</div><div id="a108140_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:602.755px;top:183.3px;display:flex;">(2)</div><div id="a108143_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:183.3px;">75,012</div><div id="a108146" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:195.6px;">of which: stage 1 </div><div id="a108149_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:241.715px;top:195.6px;">34,386</div><div id="a108152_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:289.502px;top:195.6px;">11,267</div><div id="a108155_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:336.822px;top:195.6px;">10,483</div><div id="a108158_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:384.595px;top:195.6px;">17,440</div><div id="a108161_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:438.062px;top:195.6px;">1,439</div><div id="a108164_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:195.6px;">0</div><div id="a108167_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:537.902px;top:195.6px;">75,014</div><div id="a108170_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:602.288px;top:195.6px;display:flex;">(2)</div><div id="a108173_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:653.395px;top:195.6px;">75,012</div><div id="a108176" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:208.3px;">Cash collateral receivables on<div style="display:inline-block;width:3.94px"> </div>derivative instruments </div><div id="a108179_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:246.435px;top:208.3px;">7,466</div><div id="a108182_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:289.502px;top:208.3px;">13,476</div><div id="a108185_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:341.555px;top:208.3px;">5,878</div><div id="a108188_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:208.3px;">3,647</div><div id="a108191_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:450.382px;top:208.3px;">47</div><div id="a108194_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.902px;top:208.3px;">0</div><div id="a108197_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:537.902px;top:208.3px;">30,514</div><div id="a108200_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.488px;top:208.3px;">0</div><div id="a108203_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:208.3px;">30,514</div><div id="a108206" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:220.6px;">of which: stage 1 </div><div id="a108209_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:246.435px;top:220.6px;">7,466</div><div id="a108212_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:289.502px;top:220.6px;">13,476</div><div id="a108215_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:220.6px;">5,878</div><div id="a108218_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:389.355px;top:220.6px;">3,647</div><div id="a108221_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:450.382px;top:220.6px;">47</div><div id="a108224_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:220.6px;">0</div><div id="a108227_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:537.902px;top:220.6px;">30,514</div><div id="a108230_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.488px;top:220.6px;">0</div><div id="a108233_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:653.395px;top:220.6px;">30,514</div><div id="a108236" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:232.9px;">Loans and advances to customers </div><div id="a108240_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:246.435px;top:232.9px;">5,295</div><div id="a108243_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:284.768px;top:232.9px;">232,233</div><div id="a108246_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:336.822px;top:232.9px;">67,620</div><div id="a108249_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:232.9px;">69,892</div><div id="a108252_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:433.328px;top:232.9px;">21,423</div><div id="a108255_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:494.875px;top:232.9px;">2,148</div><div id="a108258_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.182px;top:232.9px;">398,611</div><div id="a108261_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:232.9px;display:flex;">(850)</div><div id="a108264_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:648.635px;top:232.9px;">397,761</div><div id="a108267" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:245.2px;">of which: stage 1 </div><div id="a108270_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:246.435px;top:245.2px;">5,295</div><div id="a108273_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:284.768px;top:245.2px;">231,153</div><div id="a108276_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:336.822px;top:245.2px;">65,084</div><div id="a108279_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:384.595px;top:245.2px;">62,796</div><div id="a108282_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:433.328px;top:245.2px;">16,362</div><div id="a108285_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:245.2px;">0</div><div id="a108288_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.182px;top:245.2px;">380,690</div><div id="a108291_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:592.795px;top:245.2px;display:flex;">(126)</div><div id="a108294_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:648.635px;top:245.2px;">380,564</div><div id="a108297" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:258.5px;">of which: stage 2 </div><div id="a108300_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:263.462px;top:258.5px;">0</div><div id="a108303_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:294.235px;top:258.5px;">1,080</div><div id="a108306_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:258.5px;">2,536</div><div id="a108309_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:389.355px;top:258.5px;">7,096</div><div id="a108312_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:438.062px;top:258.5px;">5,061</div><div id="a108315_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:258.5px;">0</div><div id="a108318_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:537.902px;top:258.5px;">15,773</div><div id="a108321_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:592.795px;top:258.5px;display:flex;">(152)</div><div id="a108324_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:653.395px;top:258.5px;">15,620</div><div id="a108327" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:271.3px;">of which: stage 3 </div><div id="a108330_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:263.462px;top:271.3px;">0</div><div id="a108333_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:311.262px;top:271.3px;">0</div><div id="a108336_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:358.582px;top:271.3px;">0</div><div id="a108339_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:406.368px;top:271.3px;">0</div><div id="a108342_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:455.115px;top:271.3px;">0</div><div id="a108345_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:494.875px;top:271.3px;">2,148</div><div id="a108348_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:542.635px;top:271.3px;">2,148</div><div id="a108351_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:592.795px;top:271.3px;display:flex;">(572)</div><div id="a108354_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:658.115px;top:271.3px;">1,577</div><div id="a108357" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:283.6px;">Other financial assets measured at<div style="display:inline-block;width:3.94px"> </div>amortized cost </div><div id="a108360_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:241.715px;top:283.6px;">12,564</div><div id="a108363_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:294.235px;top:283.6px;">6,702</div><div id="a108366_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:348.648px;top:283.6px;">321</div><div id="a108369_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:283.6px;">6,072</div><div id="a108372_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:445.182px;top:283.6px;">394</div><div id="a108375_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.968px;top:283.6px;">264</div><div id="a108378_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:537.902px;top:283.6px;">26,318</div><div id="a108381_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:283.6px;display:flex;">(109)</div><div id="a108384_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:283.6px;">26,209</div><div id="a108387" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:295.9px;">of which: stage 1 </div><div id="a108390_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:241.715px;top:295.9px;">12,564</div><div id="a108393_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:294.235px;top:295.9px;">6,693</div><div id="a108396_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:348.648px;top:295.9px;">307</div><div id="a108399_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:389.355px;top:295.9px;">5,863</div><div id="a108402_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:445.182px;top:295.9px;">317</div><div id="a108405_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:295.9px;">0</div><div id="a108408_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:537.902px;top:295.9px;">25,745</div><div id="a108411_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:597.528px;top:295.9px;display:flex;">(27)</div><div id="a108414_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:653.395px;top:295.9px;">25,718</div><div id="a108417" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:309.1px;">of which: stage 2 </div><div id="a108420_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:263.462px;top:309.1px;">0</div><div id="a108423_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:306.528px;top:309.1px;">10</div><div id="a108426_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:353.848px;top:309.1px;">13</div><div id="a108429_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:396.448px;top:309.1px;">209</div><div id="a108432_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:450.382px;top:309.1px;">77</div><div id="a108435_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:309.1px;">0</div><div id="a108438_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:549.755px;top:309.1px;">309</div><div id="a108441_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:602.288px;top:309.1px;display:flex;">(7)</div><div id="a108444_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:665.208px;top:309.1px;">302</div><div id="a108447" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:321.9px;">of which: stage 3 </div><div id="a108450_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:263.462px;top:321.9px;">0</div><div id="a108453_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:311.262px;top:321.9px;">0</div><div id="a108456_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:358.582px;top:321.9px;">0</div><div id="a108459_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:406.368px;top:321.9px;">0</div><div id="a108462_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:455.115px;top:321.9px;">0</div><div id="a108465_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:501.968px;top:321.9px;">264</div><div id="a108468_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:549.755px;top:321.9px;">264</div><div id="a108471_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:597.528px;top:321.9px;display:flex;">(76)</div><div id="a108474_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:665.208px;top:321.9px;">189</div><div id="a108477" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:334.6px;">Total financial assets<div style="display:inline-block;width:3.87px"> </div>measured at amortized cost </div><div id="a108480_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:236.982px;top:334.6px;">251,133</div><div id="a108483_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:284.768px;top:334.6px;">278,103</div><div id="a108486_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:336.822px;top:334.6px;">85,472</div><div id="a108489_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:334.6px;">97,846</div><div id="a108492_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:433.328px;top:334.6px;">23,793</div><div id="a108495_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:494.875px;top:334.6px;">2,414</div><div id="a108498_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.182px;top:334.6px;">738,762</div><div id="a108501_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:334.6px;display:flex;">(969)</div><div id="a108504_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:648.635px;top:334.6px;">737,794</div><div id="a108507" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:347.4px;">On-balance sheet financial instruments </div><div id="a108521" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:359.7px;">Financial assets measured at FVOCI<div style="display:inline-block;width:4.13px"> </div>– debt instruments </div><div id="a108527_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:246.435px;top:359.7px;">3,996</div><div id="a108530_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:294.235px;top:359.7px;">4,771</div><div id="a108533_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:358.582px;top:359.7px;">0</div><div id="a108536_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:359.7px;">77</div><div id="a108539_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.115px;top:359.7px;">0</div><div id="a108542_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.902px;top:359.7px;">0</div><div id="a108545_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:542.635px;top:359.7px;">8,844</div><div id="a108548_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.488px;top:359.7px;">0</div><div id="a108551_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:359.7px;">8,844</div><div id="a108554" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:372px;">Total on-balance<div style="display:inline-block;width:3.77px"> </div>sheet financial instruments </div><div id="a108559_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:236.982px;top:372px;">255,130</div><div id="a108562_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:284.768px;top:372px;">282,874</div><div id="a108565_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:336.822px;top:372px;">85,472</div><div id="a108568_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:372px;">97,923</div><div id="a108571_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:433.328px;top:372px;">23,793</div><div id="a108574_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:494.875px;top:372px;">2,414</div><div id="a108577_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.182px;top:372px;">747,606</div><div id="a108580_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:372px;display:flex;">(969)</div><div id="a108583_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:648.635px;top:372px;">746,638</div></div></div></div> 191015000000 1802000000 0 0 0 0 192817000000 0 192817000000 191015000000 1802000000 0 0 0 0 192817000000 0 192817000000 407000000 12623000000 1171000000 795000000 490000000 1000000 15488000000 -8000000 15480000000 407000000 12623000000 1146000000 795000000 488000000 0 15460000000 -7000000 15453000000 0 0 24000000 0 2000000 0 27000000 -1000000 26000000 0 0 0 0 0 1000000 1000000 0 1000000 34386000000 11267000000 10483000000 17440000000 1439000000 0 75014000000 -2000000 75012000000 34386000000 11267000000 10483000000 17440000000 1439000000 0 75014000000 -2000000 75012000000 7466000000 13476000000 5878000000 3647000000 47000000 0 30514000000 0 30514000000 7466000000 13476000000 5878000000 3647000000 47000000 0 30514000000 0 30514000000 5295000000 232233000000 67620000000 69892000000 21423000000 2148000000 398611000000 -850000000 397761000000 5295000000 231153000000 65084000000 62796000000 16362000000 0 380690000000 -126000000 380564000000 0 1080000000 2536000000 7096000000 5061000000 0 15773000000 -152000000 15620000000 0 0 0 0 0 2148000000 2148000000 -572000000 1577000000 12564000000 6702000000 321000000 6072000000 394000000 264000000 26318000000 -109000000 26209000000 12564000000 6693000000 307000000 5863000000 317000000 0 25745000000 -27000000 25718000000 0 10000000 13000000 209000000 77000000 0 309000000 -7000000 302000000 0 0 0 0 0 264000000 264000000 -76000000 189000000 251133000000 278103000000 85472000000 97846000000 23793000000 2414000000 738762000000 -969000000 737794000000 3996000000 4771000000 0 77000000 0 0 8844000000 0 8844000000 255130000000 282874000000 85472000000 97923000000 23793000000 2414000000 747606000000 -969000000 746638000000 <div id="TextBlockContainer560" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:371px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_558_XBRL_TS_31d2f4665ea743d9b073f6ed8b44267a" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer559" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:371px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a108587" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Off-balance sheet positions subject to expected<div style="display:inline-block;width:4.46px"> </div>credit loss by rating category </div><div id="a108591" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:12.5px;">USD m </div><div id="a108594" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:466.942px;top:12.5px;">31.12.21 </div><div id="a108596" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:83.4px;">Rating category</div><div id="a108597" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:60.932px;top:84.1px;">1</div><div id="a108600" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:313.622px;top:83.4px;">0–1 </div><div id="a108604" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:83.4px;">2–3 </div><div id="a108608" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:399.755px;top:83.4px;">4–5 </div><div id="a108612" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:442.822px;top:83.4px;">6–8 </div><div id="a108616" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.128px;top:83.4px;">9–13 </div><div id="a108620" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.702px;top:60.3px;">Credit-</div><div id="a108622" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.608px;top:71.6px;">impaired </div><div id="a108624" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.048px;top:83.4px;">(defaulted) </div><div id="a108626" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.755px;top:25.3px;">Total off- </div><div id="a108629" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.208px;top:36.6px;">balance sheet </div><div id="a108630" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:48.4px;">exposure </div><div id="a108632" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.022px;top:60.3px;">(maximum </div><div id="a108633" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.302px;top:71.6px;">exposure to </div><div id="a108634" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.022px;top:83.4px;">credit risk) </div><div id="a108636" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:625.462px;top:83.4px;">ECL provisions </div><div id="a108638" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:95.7px;">Off-balance sheet financial instruments </div><div id="a108651" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:108.1px;">Guarantees<div style="display:inline-block;width:2.82px"> </div></div><div id="a108654_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:108.1px;">4,457</div><div id="a108657_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:349.595px;top:108.1px;">7,064</div><div id="a108660_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:108.1px;">4,535</div><div id="a108663_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.702px;top:108.1px;">3,757</div><div id="a108666_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:478.755px;top:108.1px;">1,009</div><div id="a108669_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:542.635px;top:108.1px;">150</div><div id="a108672_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:108.1px;">20,972</div><div id="a108675_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:108.1px;display:flex;">(41)</div><div id="a108678" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:120.8px;">of which: stage 1 </div><div id="a108681_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:306.528px;top:120.8px;">4,457</div><div id="a108684_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:349.595px;top:120.8px;">7,037</div><div id="a108687_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:120.8px;">4,375</div><div id="a108690_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:120.8px;">3,075</div><div id="a108693_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:120.8px;">752</div><div id="a108696_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:120.8px;">0</div><div id="a108699_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:591.382px;top:120.8px;">19,695</div><div id="a108702_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:120.8px;display:flex;">(18)</div><div id="a108705" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:133.6px;">of which: stage 2 </div><div id="a108708_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:133.6px;">0</div><div id="a108711_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:361.888px;top:133.6px;">27</div><div id="a108714_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.755px;top:133.6px;">160</div><div id="a108717_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:133.6px;">682</div><div id="a108720_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:133.6px;">258</div><div id="a108723_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:133.6px;">0</div><div id="a108726_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.102px;top:133.6px;">1,127</div><div id="a108729_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.048px;top:133.6px;display:flex;">(8)</div><div id="a108732" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:146.8px;">of which: stage 3 </div><div id="a108735_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:146.8px;">0</div><div id="a108738_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:146.8px;">0</div><div id="a108741_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:146.8px;">0</div><div id="a108744_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:146.8px;">0</div><div id="a108747_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:495.822px;top:146.8px;">0</div><div id="a108750_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:542.635px;top:146.8px;">150</div><div id="a108753_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.235px;top:146.8px;">150</div><div id="a108756_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:146.8px;display:flex;">(15)</div><div id="a108759" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:159.1px;">Irrevocable loan commitments </div><div id="a108762_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:159.1px;">2,797</div><div id="a108765_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.862px;top:159.1px;">14,183</div><div id="a108768_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:159.1px;">7,651</div><div id="a108771_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.702px;top:159.1px;">8,298</div><div id="a108774_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:478.755px;top:159.1px;">6,502</div><div id="a108777_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:547.875px;top:159.1px;">46</div><div id="a108780_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:159.1px;">39,478</div><div id="a108783_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.595px;top:159.1px;display:flex;">(114)</div><div id="a108786" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:171.4px;">of which: stage 1 </div><div id="a108789_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:306.528px;top:171.4px;">2,797</div><div id="a108792_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.862px;top:171.4px;">13,917</div><div id="a108795_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:171.4px;">7,416</div><div id="a108798_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:171.4px;">7,127</div><div id="a108801_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:478.755px;top:171.4px;">5,840</div><div id="a108804_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:171.4px;">0</div><div id="a108807_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:591.382px;top:171.4px;">37,097</div><div id="a108810_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:171.4px;display:flex;">(72)</div><div id="a108813" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:184.2px;">of which: stage 2 </div><div id="a108816_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:184.2px;">0</div><div id="a108819_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:356.688px;top:184.2px;">266</div><div id="a108822_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.755px;top:184.2px;">235</div><div id="a108825_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:184.2px;">1,171</div><div id="a108828_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:184.2px;">663</div><div id="a108831_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:184.2px;">0</div><div id="a108834_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.102px;top:184.2px;">2,335</div><div id="a108837_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:184.2px;display:flex;">(42)</div><div id="a108840" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:197.5px;">of which: stage 3 </div><div id="a108843_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:197.5px;">0</div><div id="a108846_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:197.5px;">0</div><div id="a108849_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:197.5px;">0</div><div id="a108852_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:197.5px;">0</div><div id="a108855_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:495.822px;top:197.5px;">0</div><div id="a108858_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:547.875px;top:197.5px;">46</div><div id="a108861_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:197.5px;">46</div><div id="a108864_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.248px;top:197.5px;">0</div><div id="a108867" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:209.8px;">Forward starting reverse repurchase<div style="display:inline-block;width:4.41px"> </div>and securities borrowing agreements </div><div id="a108870_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:323.555px;top:209.8px;">0</div><div id="a108873_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:209.8px;">0</div><div id="a108876_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:404.955px;top:209.8px;">55</div><div id="a108879_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.702px;top:209.8px;">1,389</div><div id="a108882_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:495.822px;top:209.8px;">0</div><div id="a108885_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:552.595px;top:209.8px;">0</div><div id="a108888_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:209.8px;">1,444</div><div id="a108891_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.248px;top:209.8px;">0</div><div id="a108894" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:222.1px;">Total off-balance sheet<div style="display:inline-block;width:3.78px"> </div>financial instruments </div><div id="a108899_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:222.1px;">7,254</div><div id="a108902_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.862px;top:222.1px;">21,247</div><div id="a108905_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.902px;top:222.1px;">12,241</div><div id="a108908_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.968px;top:222.1px;">13,444</div><div id="a108911_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:478.755px;top:222.1px;">7,512</div><div id="a108914_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:542.635px;top:222.1px;">196</div><div id="a108917_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:222.1px;">61,894</div><div id="a108920_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.595px;top:222.1px;display:flex;">(155)</div><div id="a108923" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:235.3px;">Credit lines </div><div id="a108934" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:247.6px;">Committed unconditionally revocable<div style="display:inline-block;width:3.72px"> </div>credit lines </div><div id="a108937_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:247.6px;">2,636</div><div id="a108940_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.862px;top:247.6px;">15,594</div><div id="a108943_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:247.6px;">8,627</div><div id="a108946_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.702px;top:247.6px;">9,752</div><div id="a108949_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:478.755px;top:247.6px;">4,107</div><div id="a108952_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:547.875px;top:247.6px;">63</div><div id="a108955_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:247.6px;">40,778</div><div id="a108958_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:247.6px;display:flex;">(38)</div><div id="a108961" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:259.9px;">of which: stage 1 </div><div id="a108964_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:306.528px;top:259.9px;">2,636</div><div id="a108967_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.862px;top:259.9px;">15,250</div><div id="a108970_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:259.9px;">8,304</div><div id="a108973_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:259.9px;">8,346</div><div id="a108976_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:478.755px;top:259.9px;">3,671</div><div id="a108979_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:259.9px;">0</div><div id="a108982_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:591.382px;top:259.9px;">38,207</div><div id="a108985_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:259.9px;display:flex;">(28)</div><div id="a108988" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:273.2px;">of which: stage 2 </div><div id="a108992_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:273.2px;">0</div><div id="a108995_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:356.688px;top:273.2px;">344</div><div id="a108998_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.755px;top:273.2px;">323</div><div id="a109001_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:273.2px;">1,406</div><div id="a109004_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:273.2px;">436</div><div id="a109007_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:273.2px;">0</div><div id="a109010_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.102px;top:273.2px;">2,508</div><div id="a109013_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:273.2px;display:flex;">(10)</div><div id="a109016" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:285.9px;">of which: stage 3 </div><div id="a109019_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:285.9px;">0</div><div id="a109022_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:285.9px;">0</div><div id="a109025_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:285.9px;">0</div><div id="a109028_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:285.9px;">0</div><div id="a109031_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:495.822px;top:285.9px;">0</div><div id="a109034_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:547.875px;top:285.9px;">63</div><div id="a109037_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:285.9px;">63</div><div id="a109040_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.248px;top:285.9px;">0</div><div id="a109043" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:298.2px;">Irrevocable committed prolongation<div style="display:inline-block;width:3.85px"> </div>of existing loans </div><div id="a109046_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:318.822px;top:298.2px;">17</div><div id="a109049_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:349.595px;top:298.2px;">2,438</div><div id="a109052_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:298.2px;">1,422</div><div id="a109055_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.702px;top:298.2px;">1,084</div><div id="a109058_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.848px;top:298.2px;">602</div><div id="a109061_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:547.875px;top:298.2px;">48</div><div id="a109064_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:298.2px;">5,611</div><div id="a109067_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:298.2px;display:flex;">(3)</div><div id="a109070" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:310.5px;">of which: stage 1 </div><div id="a109073_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:318.822px;top:310.5px;">17</div><div id="a109076_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:349.595px;top:310.5px;">2,438</div><div id="a109079_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:310.5px;">1,422</div><div id="a109082_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:310.5px;">1,082</div><div id="a109085_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:310.5px;">568</div><div id="a109088_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:310.5px;">0</div><div id="a109091_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.102px;top:310.5px;">5,527</div><div id="a109094_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.048px;top:310.5px;display:flex;">(3)</div><div id="a109097" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:323.8px;">of which: stage 2 </div><div id="a109100_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:323.8px;">0</div><div id="a109103_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:323.8px;">0</div><div id="a109106_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:323.8px;">0</div><div id="a109109_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:323.8px;">1</div><div id="a109112_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:491.062px;top:323.8px;">34</div><div id="a109115_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:323.8px;">0</div><div id="a109118_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:323.8px;">36</div><div id="a109121_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.248px;top:323.8px;">0</div><div id="a109124" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:336.6px;">of which: stage 3 </div><div id="a109127_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:336.6px;">0</div><div id="a109130_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:336.6px;">0</div><div id="a109133_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:336.6px;">0</div><div id="a109136_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:336.6px;">0</div><div id="a109139_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:495.822px;top:336.6px;">0</div><div id="a109142_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:547.875px;top:336.6px;">48</div><div id="a109145_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:336.6px;">48</div><div id="a109148_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.248px;top:336.6px;">0</div><div id="a109151" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:349.3px;">Total credit lines </div><div id="a109154_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:349.3px;">2,653</div><div id="a109157_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.862px;top:349.3px;">18,032</div><div id="a109160_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.902px;top:349.3px;">10,049</div><div id="a109163_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.968px;top:349.3px;">10,836</div><div id="a109166_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:478.755px;top:349.3px;">4,709</div><div id="a109169_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:542.635px;top:349.3px;">111</div><div id="a109172_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:349.3px;">46,390</div><div id="a109175_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:349.3px;display:flex;">(41)</div><div id="a109178" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:362.9px;">1 Refer to the “Internal UBS rating<div style="display:inline-block;width:3.99px"> </div>scale and mapping of external<div style="display:inline-block;width:3.96px"> </div>ratings” table in the “Risk<div style="display:inline-block;width:3.66px"> </div>management and control”<div style="display:inline-block;width:3.64px"> </div>section of this report for more<div style="display:inline-block;width:3.45px"> </div>information on rating categories.</div></div></div></div> 4457000000 7064000000 4535000000 3757000000 1009000000 150000000 20972000000 41000000 4457000000 7037000000 4375000000 3075000000 752000000 0 19695000000 18000000 0 27000000 160000000 682000000 258000000 0 1127000000 8000000 0 0 0 0 0 150000000 150000000 15000000 2797000000 14183000000 7651000000 8298000000 6502000000 46000000 39478000000 114000000 2797000000 13917000000 7416000000 7127000000 5840000000 0 37097000000 72000000 0 266000000 235000000 1171000000 663000000 0 2335000000 42000000 0 0 0 0 0 46000000 46000000 0 0 0 55000000 1389000000 0 0 1444000000 0 7254000000 21247000000 12241000000 13444000000 7512000000 196000000 61894000000 155000000 2636000000 15594000000 8627000000 9752000000 4107000000 63000000 40778000000 38000000 2636000000 15250000000 8304000000 8346000000 3671000000 0 38207000000 28000000 0 344000000 323000000 1406000000 436000000 0 2508000000 10000000 0 0 0 0 0 63000000 63000000 0 17000000 2438000000 1422000000 1084000000 602000000 48000000 5611000000 3000000 17000000 2438000000 1422000000 1082000000 568000000 0 5527000000 3000000 0 0 0 1000000 34000000 0 36000000 0 0 0 0 0 0 48000000 48000000 0 2653000000 18032000000 10049000000 10836000000 4709000000 111000000 46390000000 41000000 <div id="TextBlockContainer567" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:688px;height:356px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a109511" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:23.2px;">USD m </div><div id="a109514" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:385.51px;top:23.2px;">100% Baseline </div><div id="a109516" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:497.684px;top:0px;">100% </div><div id="a109517" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:469.75px;top:11.4px;">Stagflationary </div><div id="a109518" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:458.404px;top:23.2px;">geopolitical crisis<div style="display:inline-block;width:2.91px"> </div></div><div id="a109520" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:530.31px;top:23.2px;">100% Global crisis<div style="display:inline-block;width:3.32px"> </div></div><div id="a109522" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:612.657px;top:23.2px;">Weighted average<div style="display:inline-block;width:3.35px"> </div></div><div id="a109524" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:35.5px;">Change in key parameters </div><div id="a109531" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.7px;">Fixed income: Government bonds<div style="display:inline-block;width:3.94px"> </div>(absolute change) </div><div id="a109538" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:61.5px;">–0.50% </div><div id="a109542_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.937px;top:61.5px;display:flex;">(3)</div><div id="a109545_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.99px;top:61.5px;display:flex;">(106)</div><div id="a109548_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:61.5px;display:flex;">(2)</div><div id="a109551_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:61.5px;display:flex;">(14)</div><div id="a109554" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:74.8px;">+0.50% </div><div id="a109557_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:436.137px;top:74.8px;">4</div><div id="a109560_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.724px;top:74.8px;">124</div><div id="a109563_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:594.657px;top:74.8px;">2</div><div id="a109566_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.444px;top:74.8px;">17</div><div id="a109569" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:87.5px;">+1.00% </div><div id="a109572_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:436.137px;top:87.5px;">8</div><div id="a109575_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.724px;top:87.5px;">264</div><div id="a109578_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.937px;top:87.5px;">10</div><div id="a109581_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.444px;top:87.5px;">37</div><div id="a109584" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:99.8px;">Unemployment rate (absolute change) </div><div id="a109591" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:113.1px;">–1.00% </div><div id="a109595_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.937px;top:113.1px;display:flex;">(4)</div><div id="a109598_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.99px;top:113.1px;display:flex;">(138)</div><div id="a109601_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.724px;top:113.1px;display:flex;">(24)</div><div id="a109604_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:113.1px;display:flex;">(23)</div><div id="a109607" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:126.3px;">–0.50% </div><div id="a109611_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.937px;top:126.3px;display:flex;">(2)</div><div id="a109614_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.724px;top:126.3px;display:flex;">(78)</div><div id="a109617_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.724px;top:126.3px;display:flex;">(13)</div><div id="a109620_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:126.3px;display:flex;">(12)</div><div id="a109623" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:139.1px;">+0.50% </div><div id="a109626_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:436.137px;top:139.1px;">3</div><div id="a109629_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:510.924px;top:139.1px;">84</div><div id="a109632_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.937px;top:139.1px;">16</div><div id="a109635_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.444px;top:139.1px;">15</div><div id="a109638" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:152.3px;">+1.00% </div><div id="a109641_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:436.137px;top:152.3px;">5</div><div id="a109644_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.724px;top:152.3px;">179</div><div id="a109647_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.937px;top:152.3px;">32</div><div id="a109650_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.444px;top:152.3px;">31</div><div id="a109653" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:164.6px;">Real GDP growth (relative change) </div><div id="a109660" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:177.4px;">–2.00% </div><div id="a109664_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:436.137px;top:177.4px;">7</div><div id="a109667_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:510.924px;top:177.4px;">13</div><div id="a109670_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.937px;top:177.4px;">18</div><div id="a109673_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.444px;top:177.4px;">11</div><div id="a109676" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:190.6px;">–1.00% </div><div id="a109680_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:436.137px;top:190.6px;">3</div><div id="a109683_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:515.657px;top:190.6px;">7</div><div id="a109686_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:594.657px;top:190.6px;">9</div><div id="a109689_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.177px;top:190.6px;">5</div><div id="a109692" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:203.4px;">+1.00% </div><div id="a109695_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.937px;top:203.4px;display:flex;">(3)</div><div id="a109698_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:510.457px;top:203.4px;display:flex;">(7)</div><div id="a109701_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:203.4px;display:flex;">(9)</div><div id="a109704_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:203.4px;display:flex;">(5)</div><div id="a109707" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:216.7px;">+2.00% </div><div id="a109710_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.937px;top:216.7px;display:flex;">(5)</div><div id="a109713_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.724px;top:216.7px;display:flex;">(13)</div><div id="a109716_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.724px;top:216.7px;display:flex;">(18)</div><div id="a109719_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:216.7px;display:flex;">(10)</div><div id="a109722" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:229px;">House Price Index (relative change) </div><div id="a109729" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:242.2px;">–5.00% </div><div id="a109733_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:431.417px;top:242.2px;">15</div><div id="a109736_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.724px;top:242.2px;">196</div><div id="a109739_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.937px;top:242.2px;">88</div><div id="a109742_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.444px;top:242.2px;">56</div><div id="a109745" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:255px;">–2.50% </div><div id="a109749_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:436.137px;top:255px;">7</div><div id="a109752_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:510.924px;top:255px;">92</div><div id="a109755_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.937px;top:255px;">40</div><div id="a109758_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.444px;top:255px;">25</div><div id="a109761" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:268.2px;">+2.50% </div><div id="a109764_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.937px;top:268.2px;display:flex;">(4)</div><div id="a109767_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.724px;top:268.2px;display:flex;">(83)</div><div id="a109770_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.724px;top:268.2px;display:flex;">(35)</div><div id="a109773_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:268.2px;display:flex;">(19)</div><div id="a109776" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:281px;">+5.00% </div><div id="a109779_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.937px;top:281px;display:flex;">(7)</div><div id="a109782_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.99px;top:281px;display:flex;">(157)</div><div id="a109785_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.724px;top:281px;display:flex;">(65)</div><div id="a109788_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:281px;display:flex;">(36)</div><div id="a109791" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:293.3px;">Equity (S&amp;P500, EuroStoxx, SMI)<div style="display:inline-block;width:3.73px"> </div>(relative change) </div><div id="a109798" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:306.6px;">–10.00% </div><div id="a109802_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:436.137px;top:306.6px;">4</div><div id="a109805_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:515.657px;top:306.6px;">7</div><div id="a109808_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:594.657px;top:306.6px;">6</div><div id="a109811_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.177px;top:306.6px;">5</div><div id="a109814" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:319.3px;">–5.00% </div><div id="a109818_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:436.137px;top:319.3px;">2</div><div id="a109821_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:515.657px;top:319.3px;">3</div><div id="a109824_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:594.657px;top:319.3px;">3</div><div id="a109827_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.177px;top:319.3px;">2</div><div id="a109830" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:332.6px;">+5.00% </div><div id="a109833_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.937px;top:332.6px;display:flex;">(2)</div><div id="a109836_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:510.457px;top:332.6px;display:flex;">(4)</div><div id="a109839_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:332.6px;display:flex;">(3)</div><div id="a109842_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:332.6px;display:flex;">(2)</div><div id="a109845" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:345.4px;">+10.00% </div><div id="a109848_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.937px;top:345.4px;display:flex;">(4)</div><div id="a109851_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:510.457px;top:345.4px;display:flex;">(8)</div><div id="a109854_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:345.4px;display:flex;">(7)</div><div id="a109857_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:345.4px;display:flex;">(5)</div></div> -3000000 -106000000 -2000000 -14000000 4000000 124000000 2000000 17000000 8000000 264000000 10000000 37000000 -4000000 -138000000 -24000000 -23000000 -2000000 -78000000 -13000000 -12000000 3000000 84000000 16000000 15000000 5000000 179000000 32000000 31000000 7000000 13000000 18000000 11000000 3000000 7000000 9000000 5000000 -3000000 -7000000 -9000000 -5000000 -5000000 -13000000 -18000000 -10000000 15000000 196000000 88000000 56000000 7000000 92000000 40000000 25000000 -4000000 -83000000 -35000000 -19000000 -7000000 -157000000 -65000000 -36000000 4000000 7000000 6000000 5000000 2000000 3000000 3000000 2000000 -2000000 -4000000 -3000000 -2000000 -4000000 -8000000 -7000000 -5000000 <div id="TextBlockContainer574" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:687px;height:220px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_572_XBRL_TS_0db6e06769614d80929d59a92b77b18a" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer573" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:687px;height:220px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a109929" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.044px;top:23.2px;">Actual ECL </div><div id="a109930" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:226.99px;top:35px;">allowances and </div><div id="a109931" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.524px;top:46.4px;">provisions, </div><div id="a109932" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:220.844px;top:58.2px;">including staging </div><div id="a109933" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:228.417px;top:70px;">(as per Note 9) </div><div id="a109936" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:334.884px;top:58.2px;"><div style="display:inline-block;width:4.76px"> </div>Pro forma ECL allowances and provisions,<div style="display:inline-block;width:3.71px"> </div>including staging </div><div id="a109939" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.31px;top:70px;"><div style="display:inline-block;width:2.37px"> </div>and assuming application of 100% scenario weighting<div style="display:inline-block;width:6.69px"> </div></div><div id="a109945" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:626.377px;top:0px;">Pro forma ECL </div><div id="a109946" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:622.124px;top:11.3px;">allowances and </div><div id="a109947" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:639.617px;top:23.2px;">provisions, </div><div id="a109948" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.004px;top:35px;">assuming all </div><div id="a109949" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.07px;top:46.4px;">positions being </div><div id="a109950" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.604px;top:58.2px;">subject to lifetime </div><div id="a109951" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.71px;top:70px;">ECL<div style="display:inline-block;width:2.47px"> </div></div><div id="a109953" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:105.5px;">Scenarios </div><div id="a109956" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:216.59px;top:105.5px;">Weighted average </div><div id="a109959" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:306.497px;top:105.5px;">100% Baseline </div><div id="a109962" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:376.057px;top:94.1px;">100% Asset price </div><div id="a109964" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.084px;top:105.5px;">inflation </div><div id="a109967" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:497.217px;top:82.3px;">100% </div><div id="a109968" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:469.284px;top:94.1px;">Stagflationary </div><div id="a109969" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.924px;top:105.5px;">geopolitical crisis<div style="display:inline-block;width:2.91px"> </div></div><div id="a109972" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.844px;top:105.5px;">100% Global crisis<div style="display:inline-block;width:3.31px"> </div></div><div id="a109975" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:611.724px;top:105.5px;">Weighted average </div><div id="a109977" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:118.3px;">USD m, except where indicated </div><div id="a109991" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:131.1px;">Segmentation </div><div id="a110005" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:143.8px;">Private clients with mortgages </div><div id="a110008_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.444px;top:143.8px;display:flex;">(136)</div><div id="a110012_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:347.684px;top:143.8px;display:flex;">(25)</div><div id="a110016_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.217px;top:143.8px;display:flex;">(13)</div><div id="a110020_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.524px;top:143.8px;display:flex;">(523)</div><div id="a110024_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:579.524px;top:143.8px;display:flex;">(184)</div><div id="a110028_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:658.564px;top:143.8px;display:flex;">(473)</div><div id="a110031" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:157.1px;">Real estate financing </div><div id="a110034_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:268.644px;top:157.1px;display:flex;">(43)</div><div id="a110038_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:347.684px;top:157.1px;display:flex;">(26)</div><div id="a110042_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.217px;top:157.1px;display:flex;">(22)</div><div id="a110046_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.524px;top:157.1px;display:flex;">(176)</div><div id="a110050_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.257px;top:157.1px;display:flex;">(30)</div><div id="a110054_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:658.564px;top:157.1px;display:flex;">(126)</div><div id="a110057" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:170.3px;">Large corporate clients </div><div id="a110060_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.444px;top:170.3px;display:flex;">(136)</div><div id="a110064_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:347.684px;top:170.3px;display:flex;">(97)</div><div id="a110068_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.217px;top:170.3px;display:flex;">(84)</div><div id="a110072_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.524px;top:170.3px;display:flex;">(199)</div><div id="a110076_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:579.524px;top:170.3px;display:flex;">(174)</div><div id="a110080_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:658.564px;top:170.3px;display:flex;">(235)</div><div id="a110083" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:183.5px;">SME clients </div><div id="a110086_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:268.644px;top:183.5px;display:flex;">(86)</div><div id="a110090_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:347.684px;top:183.5px;display:flex;">(67)</div><div id="a110094_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.217px;top:183.5px;display:flex;">(66)</div><div id="a110098_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.524px;top:183.5px;display:flex;">(162)</div><div id="a110102_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.257px;top:183.5px;display:flex;">(97)</div><div id="a110106_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:658.564px;top:183.5px;display:flex;">(153)</div><div id="a110109" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:196.8px;">Other segments </div><div id="a110112_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.444px;top:196.8px;display:flex;">(125)</div><div id="a110116_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.47px;top:196.8px;display:flex;">(114)</div><div id="a110120_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.484px;top:196.8px;display:flex;">(111)</div><div id="a110124_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.524px;top:196.8px;display:flex;">(145)</div><div id="a110128_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:579.524px;top:196.8px;display:flex;">(153)</div><div id="a110132_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:658.564px;top:196.8px;display:flex;">(281)</div><div id="a110135" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:210.1px;">Total </div><div id="a110138_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.444px;top:210.1px;display:flex;">(526)</div><div id="a110142_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.47px;top:210.1px;display:flex;">(329)</div><div id="a110146_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.484px;top:210.1px;display:flex;">(295)</div><div id="a110150_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:493.39px;top:210.1px;display:flex;">(1,204)</div><div id="a110154_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:579.524px;top:210.1px;display:flex;">(638)</div><div id="a110158_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:651.47px;top:210.1px;display:flex;">(1,267)</div></div></div></div> -136000000 -25000000 -13000000 -523000000 -184000000 -473000000 -43000000 -26000000 -22000000 -176000000 -30000000 -126000000 -136000000 -97000000 -84000000 -199000000 -174000000 -235000000 -86000000 -67000000 -66000000 -162000000 -97000000 -153000000 -125000000 -114000000 -111000000 -145000000 -153000000 -281000000 -526000000 -329000000 -295000000 -1204000000 -638000000 -1267000000 -329000000 -387000000 -526000000 -503000000 1.60 1.30 -1267000000 -526000000 <div id="TextBlockContainer580" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:221px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a110361" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 20<div style="display:inline-block;width:8.21px"> </div>Fair value measurement</div></div><div id="TextBlockContainer582" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:465px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a110367" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">a) Valuation principles </div><div id="a110369" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.3px;">All financial and<div style="display:inline-block;width:5.5px"> </div>non-financial assets<div style="display:inline-block;width:5.08px"> </div>and liabilities measured<div style="display:inline-block;width:5.67px"> </div>or disclosed<div style="display:inline-block;width:5.18px"> </div>at fair value<div style="display:inline-block;width:5.4px"> </div>are categorized<div style="display:inline-block;width:5.18px"> </div>into one of<div style="display:inline-block;width:5.54px"> </div>three </div><div id="a110373" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.4px;">fair value hierarchy<div style="display:inline-block;width:5.67px"> </div>levels in<div style="display:inline-block;width:5.04px"> </div>accordance with<div style="display:inline-block;width:5.44px"> </div>International F<div style="display:inline-block;width:1.34px"> </div>inancial Reporting<div style="display:inline-block;width:5.38px"> </div>Standards (IFRS).<div style="display:inline-block;width:5.67px"> </div>The fair value<div style="display:inline-block;width:5.1px"> </div>hierarchy </div><div id="a110382" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:57.6px;">is based<div style="display:inline-block;width:6.18px"> </div>on<div style="display:inline-block;width:5.13px"> </div>the transparency<div style="display:inline-block;width:6.33px"> </div>of inputs<div style="display:inline-block;width:6.23px"> </div>to the<div style="display:inline-block;width:6.35px"> </div>valuation<div style="display:inline-block;width:5.24px"> </div>of an<div style="display:inline-block;width:6.03px"> </div>asset or<div style="display:inline-block;width:6.25px"> </div>liability as<div style="display:inline-block;width:6.1px"> </div>of<div style="display:inline-block;width:5.54px"> </div>the measurement<div style="display:inline-block;width:6.38px"> </div>date.<div style="display:inline-block;width:5.36px"> </div>In certain </div><div id="a110384" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:73.2px;">cases,<div style="display:inline-block;width:5.2px"> </div>the<div style="display:inline-block;width:5.25px"> </div>inputs<div style="display:inline-block;width:5.6px"> </div>used<div style="display:inline-block;width:5.18px"> </div>to<div style="display:inline-block;width:5.25px"> </div>measure<div style="display:inline-block;width:5.39px"> </div>fair value<div style="display:inline-block;width:6.21px"> </div>may<div style="display:inline-block;width:5.32px"> </div>fall<div style="display:inline-block;width:5.31px"> </div>within<div style="display:inline-block;width:5.35px"> </div>different<div style="display:inline-block;width:5.84px"> </div>levels<div style="display:inline-block;width:5.31px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>fair value<div style="display:inline-block;width:6.68px"> </div>hierarchy.<div style="display:inline-block;width:6.82px"> </div>For<div style="display:inline-block;width:5.05px"> </div>disclosure </div><div id="a110385" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:88.3px;">purposes,<div style="display:inline-block;width:5.59px"> </div>the level<div style="display:inline-block;width:5.42px"> </div>in the<div style="display:inline-block;width:5.93px"> </div>hierarchy<div style="display:inline-block;width:5.03px"> </div>within<div style="display:inline-block;width:5.35px"> </div>which an<div style="display:inline-block;width:6.18px"> </div>instrument is<div style="display:inline-block;width:6.14px"> </div>classified in<div style="display:inline-block;width:5.98px"> </div>its entirety<div style="display:inline-block;width:6.19px"> </div>is based<div style="display:inline-block;width:6.53px"> </div>on<div style="display:inline-block;width:5.13px"> </div>the lowest<div style="display:inline-block;width:5.93px"> </div>level </div><div id="a110387" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:103.9px;">input that is significant to the position’s<div style="display:inline-block;width:5.18px"> </div>fair value measurement: </div><div id="a110389" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:119.1px;">–</div><div id="a110390" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:118.9px;"> </div><div id="a110391" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:119.1px;">Level 1 – quoted prices (unadjusted)<div style="display:inline-block;width:5.49px"> </div>in active markets for identical assets and liabilities; </div><div id="a110398" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:134.2px;">–</div><div id="a110399" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:134.1px;"> </div><div id="a110400" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:134.2px;">Level 2 – valuation techniques for which<div style="display:inline-block;width:5.14px"> </div>all significant inputs are, or a<div style="display:inline-block;width:1.48px"> </div>re based on, observable market data; or </div><div id="a110408" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:149.8px;">–</div><div id="a110409" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:149.7px;"> </div><div id="a110410" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:149.8px;">Level 3 – valuation techniques for which<div style="display:inline-block;width:5.14px"> </div>significant inputs are not<div style="display:inline-block;width:5.14px"> </div>based on observable market data. </div><div id="a110417" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:172.5px;">Fair values are determined<div style="display:inline-block;width:5.13px"> </div>using quoted prices in active<div style="display:inline-block;width:5.11px"> </div>markets for identical assets<div style="display:inline-block;width:5.2px"> </div>or liabilities, where available.<div style="display:inline-block;width:5.71px"> </div>Where </div><div id="a110419" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:187.7px;">the<div style="display:inline-block;width:5.72px"> </div>market<div style="display:inline-block;width:5.21px"> </div>for<div style="display:inline-block;width:6.04px"> </div>a<div style="display:inline-block;width:5.67px"> </div>financial<div style="display:inline-block;width:5.41px"> </div>instrument<div style="display:inline-block;width:6.09px"> </div>or<div style="display:inline-block;width:5.72px"> </div>non-financial<div style="display:inline-block;width:6.02px"> </div>asset<div style="display:inline-block;width:5.62px"> </div>or<div style="display:inline-block;width:5.72px"> </div>liability<div style="display:inline-block;width:5.95px"> </div>is<div style="display:inline-block;width:5.62px"> </div>not<div style="display:inline-block;width:5.93px"> </div>active,<div style="display:inline-block;width:5.59px"> </div>fair<div style="display:inline-block;width:5.26px"> </div>value<div style="display:inline-block;width:5.57px"> </div>is<div style="display:inline-block;width:5.62px"> </div>established<div style="display:inline-block;width:6.02px"> </div>using<div style="display:inline-block;width:6.23px"> </div>a </div><div id="a110422" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:203.3px;">valuation<div style="display:inline-block;width:6.19px"> </div>technique,<div style="display:inline-block;width:6.6px"> </div>including<div style="display:inline-block;width:6.64px"> </div>pricing<div style="display:inline-block;width:6.19px"> </div>models.<div style="display:inline-block;width:6.45px"> </div>Valuation<div style="display:inline-block;width:6.6px"> </div>adjustments<div style="display:inline-block;width:6.29px"> </div>may<div style="display:inline-block;width:5.79px"> </div>be<div style="display:inline-block;width:6.35px"> </div>made<div style="display:inline-block;width:6.67px"> </div>to<div style="display:inline-block;width:6.2px"> </div>allow<div style="display:inline-block;width:6.25px"> </div>for<div style="display:inline-block;width:6.04px"> </div>additional<div style="display:inline-block;width:6.49px"> </div>factors, </div><div id="a110423" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:218.4px;">including model, liquidity, credit<div style="display:inline-block;width:5.38px"> </div>and funding<div style="display:inline-block;width:5.05px"> </div>risks, which are not explicitly<div style="display:inline-block;width:5.6px"> </div>captured within the valuation<div style="display:inline-block;width:5.14px"> </div>technique, but </div><div id="a110426" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:234px;">which would<div style="display:inline-block;width:5.64px"> </div>nevertheless be considered<div style="display:inline-block;width:6.14px"> </div>by market participants<div style="display:inline-block;width:5.21px"> </div>when establishing<div style="display:inline-block;width:5.78px"> </div>a price. The<div style="display:inline-block;width:5.46px"> </div>limitations inherent<div style="display:inline-block;width:5.79px"> </div>in a </div><div id="a110427" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:249.2px;">particular valuation<div style="display:inline-block;width:5.36px"> </div>technique are<div style="display:inline-block;width:5.33px"> </div>considered in<div style="display:inline-block;width:5.57px"> </div>the determination of<div style="display:inline-block;width:5.5px"> </div>the classification<div style="display:inline-block;width:5.2px"> </div>of an asset<div style="display:inline-block;width:5.13px"> </div>or liability within<div style="display:inline-block;width:5.4px"> </div>the </div><div id="a110429" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:264.3px;">fair value hierarchy. Generally, the unit of account for a financial instrument is the individual instrument, and<div style="display:inline-block;width:5.06px"> </div>UBS applies </div><div id="a110431" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:279.9px;">valuation<div style="display:inline-block;width:7.14px"> </div>adjustments<div style="display:inline-block;width:7.23px"> </div>at<div style="display:inline-block;width:6.94px"> </div>an<div style="display:inline-block;width:7.39px"> </div>individual<div style="display:inline-block;width:7.28px"> </div>instrument<div style="display:inline-block;width:7.03px"> </div>level,<div style="display:inline-block;width:7.26px"> </div>consistent<div style="display:inline-block;width:7.19px"> </div>with<div style="display:inline-block;width:7.14px"> </div>that<div style="display:inline-block;width:6.99px"> </div>unit<div style="display:inline-block;width:7.24px"> </div>of<div style="display:inline-block;width:7.14px"> </div>account.<div style="display:inline-block;width:7.25px"> </div>However,<div style="display:inline-block;width:7.57px"> </div>if<div style="display:inline-block;width:6.84px"> </div>certain </div><div id="a110434" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:295.1px;">conditions<div style="display:inline-block;width:5.7px"> </div>are<div style="display:inline-block;width:5.29px"> </div>met, UBS<div style="display:inline-block;width:6.88px"> </div>may estimate<div style="display:inline-block;width:6.8px"> </div>the<div style="display:inline-block;width:5.25px"> </div>fair<div style="display:inline-block;width:5.26px"> </div>value<div style="display:inline-block;width:5.1px"> </div>of<div style="display:inline-block;width:5.25px"> </div>a<div style="display:inline-block;width:5.2px"> </div>portfolio<div style="display:inline-block;width:5.82px"> </div>of<div style="display:inline-block;width:5.25px"> </div>financial assets<div style="display:inline-block;width:6.93px"> </div>and<div style="display:inline-block;width:5.61px"> </div>liabilities<div style="display:inline-block;width:5.15px"> </div>with<div style="display:inline-block;width:5.25px"> </div>substantially </div><div id="a110435" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:310.7px;">similar and offsetting risk exposures<div style="display:inline-block;width:5.06px"> </div>on the basis of the<div style="display:inline-block;width:5.11px"> </div>net open risks. </div><div id="a110438" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:322.4px;">›</div><div id="a110439" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:322.6px;"> </div><div id="a110440" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:327.2px;">Refer to Note 20d<div style="display:inline-block;width:1.58px"> </div>for more information<div style="display:inline-block;width:0.71px"> </div></div><div id="a110447" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:340.5px;"> </div><div id="a110448" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:363.4px;">b) Valuation governance </div><div id="a110451" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:390.6px;">UBS’s<div style="display:inline-block;width:6.66px"> </div>fair<div style="display:inline-block;width:5.74px"> </div>value<div style="display:inline-block;width:6.04px"> </div>measurement<div style="display:inline-block;width:6.23px"> </div>and<div style="display:inline-block;width:6.55px"> </div>model<div style="display:inline-block;width:6.29px"> </div>governance<div style="display:inline-block;width:5.69px"> </div>framework<div style="display:inline-block;width:6.31px"> </div>includes<div style="display:inline-block;width:6.39px"> </div>numerous<div style="display:inline-block;width:6.94px"> </div>controls<div style="display:inline-block;width:6.43px"> </div>and<div style="display:inline-block;width:5.61px"> </div>other<div style="display:inline-block;width:6.25px"> </div>procedural </div><div id="a110452" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:405.8px;">safeguards<div style="display:inline-block;width:5.37px"> </div>that are<div style="display:inline-block;width:5.76px"> </div>intended<div style="display:inline-block;width:5.28px"> </div>to maximize the<div style="display:inline-block;width:6.01px"> </div>quality of<div style="display:inline-block;width:5.86px"> </div>fair value<div style="display:inline-block;width:5.74px"> </div>measurements<div style="display:inline-block;width:5.33px"> </div>reported<div style="display:inline-block;width:5.59px"> </div>in the<div style="display:inline-block;width:5.93px"> </div>financial statements. </div><div id="a110455" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:421.4px;">New products<div style="display:inline-block;width:5.68px"> </div>and valuation techniques<div style="display:inline-block;width:5.78px"> </div>must be reviewed<div style="display:inline-block;width:5.64px"> </div>and approved<div style="display:inline-block;width:5.46px"> </div>by key stakeholders<div style="display:inline-block;width:5.97px"> </div>from the risk<div style="display:inline-block;width:5.23px"> </div>and finance </div><div id="a110456" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:436.5px;">control functions. Responsibility<div style="display:inline-block;width:5.38px"> </div>for the ongoing<div style="display:inline-block;width:5.52px"> </div>measurement of financial<div style="display:inline-block;width:5.27px"> </div>and non<div style="display:inline-block;width:1.4px"> </div>-financial instruments at fair value<div style="display:inline-block;width:5.46px"> </div>is </div><div id="a110460" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:452.1px;">with the business divisions.</div></div><div id="TextBlockContainer584" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:285px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a110504" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Fair<div style="display:inline-block;width:5.69px"> </div>value<div style="display:inline-block;width:5.57px"> </div>estimates<div style="display:inline-block;width:6.15px"> </div>are<div style="display:inline-block;width:6.23px"> </div>validated<div style="display:inline-block;width:5.99px"> </div>by<div style="display:inline-block;width:5.67px"> </div>the<div style="display:inline-block;width:5.72px"> </div>risk<div style="display:inline-block;width:5.94px"> </div>and<div style="display:inline-block;width:6.08px"> </div>finance<div style="display:inline-block;width:6.09px"> </div>control<div style="display:inline-block;width:5.91px"> </div>functions,<div style="display:inline-block;width:6.02px"> </div>which<div style="display:inline-block;width:6.35px"> </div>are<div style="display:inline-block;width:5.76px"> </div>independent<div style="display:inline-block;width:6.63px"> </div>of<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>business </div><div id="a110505" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">divisions. Independent price verification is performed<div style="display:inline-block;width:5.41px"> </div>by Finance through benchmarking<div style="display:inline-block;width:5.33px"> </div>the business divisions’ fair value </div><div id="a110506" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">estimates<div style="display:inline-block;width:6.15px"> </div>with<div style="display:inline-block;width:6.67px"> </div>observable<div style="display:inline-block;width:6.82px"> </div>market<div style="display:inline-block;width:6.16px"> </div>prices<div style="display:inline-block;width:6.88px"> </div>and<div style="display:inline-block;width:6.55px"> </div>other<div style="display:inline-block;width:6.25px"> </div>independent<div style="display:inline-block;width:7.1px"> </div>sources.<div style="display:inline-block;width:6.89px"> </div>A<div style="display:inline-block;width:6.3px"> </div>governance<div style="display:inline-block;width:6.63px"> </div>framework<div style="display:inline-block;width:6.31px"> </div>and<div style="display:inline-block;width:6.55px"> </div>associated </div><div id="a110508" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.9px;">controls are<div style="display:inline-block;width:6.15px"> </div>in place<div style="display:inline-block;width:6.25px"> </div>in order<div style="display:inline-block;width:6.31px"> </div>to monitor<div style="display:inline-block;width:6.34px"> </div>the quality<div style="display:inline-block;width:6.14px"> </div>of third<div style="display:inline-block;width:1.46px"> </div>-party pricing<div style="display:inline-block;width:6.78px"> </div>sources<div style="display:inline-block;width:5.12px"> </div>where<div style="display:inline-block;width:5.12px"> </div>used.<div style="display:inline-block;width:5.37px"> </div>For instruments<div style="display:inline-block;width:5.61px"> </div>where </div><div id="a110513" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">valuation models are used<div style="display:inline-block;width:5.35px"> </div>to determine fair value,<div style="display:inline-block;width:5.47px"> </div>independent valuation and<div style="display:inline-block;width:5.39px"> </div>model control groups<div style="display:inline-block;width:5.31px"> </div>within Finance and </div><div id="a110514" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;">Risk Control evaluate UBS’s models on<div style="display:inline-block;width:2.11px"> </div>a regular basis, including valuation<div style="display:inline-block;width:2.12px"> </div>and model input parameters, as<div style="display:inline-block;width:2.06px"> </div>well as pricing. </div><div id="a110516" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:91.8px;">As a<div style="display:inline-block;width:5.04px"> </div>result of the<div style="display:inline-block;width:5.59px"> </div>valuation controls<div style="display:inline-block;width:5.16px"> </div>employed, valuation<div style="display:inline-block;width:5.13px"> </div>adjustments may be<div style="display:inline-block;width:5.4px"> </div>made to the<div style="display:inline-block;width:5.56px"> </div>business divisions’<div style="display:inline-block;width:5.3px"> </div>estimates </div><div id="a110517" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:107.4px;">of fair value to align with independent<div style="display:inline-block;width:5.66px"> </div>market data and the relevant accounting<div style="display:inline-block;width:5.22px"> </div>standard. </div><div id="a110521" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:119.1px;">›</div><div id="a110522" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:119.3px;"> </div><div id="a110523" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:124px;">Refer to Note 20d<div style="display:inline-block;width:1.58px"> </div>for more information<div style="display:inline-block;width:0.71px"> </div></div><div id="a110530" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:137.2px;"> </div><div id="a110531" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:4.905px;top:160.1px;">c) Fair value hierarchy </div><div id="a110534" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:187.4px;">The table<div style="display:inline-block;width:2.14px"> </div>below provides the<div style="display:inline-block;width:2.04px"> </div>fair value hierarchy classification<div style="display:inline-block;width:2.31px"> </div>of financial<div style="display:inline-block;width:2.25px"> </div>and non-financial assets and<div style="display:inline-block;width:2.06px"> </div>liabilities measured </div><div id="a110537" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:202.5px;">at<div style="display:inline-block;width:5.05px"> </div>fair<div style="display:inline-block;width:5.26px"> </div>value.<div style="display:inline-block;width:5.2px"> </div>The<div style="display:inline-block;width:5.4px"> </div>narrative<div style="display:inline-block;width:5.11px"> </div>that<div style="display:inline-block;width:5.7px"> </div>follows<div style="display:inline-block;width:5.43px"> </div>describes<div style="display:inline-block;width:5.24px"> </div>valuation<div style="display:inline-block;width:5.72px"> </div>techniques<div style="display:inline-block;width:5.6px"> </div>used<div style="display:inline-block;width:5.66px"> </div>in<div style="display:inline-block;width:5.3px"> </div>measuring<div style="display:inline-block;width:5.45px"> </div>their fair<div style="display:inline-block;width:6.58px"> </div>value<div style="display:inline-block;width:5.1px"> </div>of<div style="display:inline-block;width:5.25px"> </div>different </div><div id="a110541" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:218.1px;">product types<div style="display:inline-block;width:5.3px"> </div>(including<div style="display:inline-block;width:5.33px"> </div>significant valuation<div style="display:inline-block;width:5.66px"> </div>inputs and<div style="display:inline-block;width:5.64px"> </div>assumptions used),<div style="display:inline-block;width:6.04px"> </div>and the factors<div style="display:inline-block;width:5.45px"> </div>considered in<div style="display:inline-block;width:5.57px"> </div>determining </div><div id="a110544" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:233.2px;">their classification within the fair<div style="display:inline-block;width:5.04px"> </div>value hierarchy. </div><div id="a110546" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:256.4px;">During 2022, assets and liabilities that were transferred from Level 2 to Level 1, or from Level 1 to Level 2, and were held </div><div id="a110549" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:271.6px;">for the entire reporting period were<div style="display:inline-block;width:5.3px"> </div>not material.</div></div><div id="TextBlockContainer588" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:632px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_586_XBRL_TS_15b215e42cc24b14a7c902235f8d33cb" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer587" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:632px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a110552" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:2.8px;">Determination of fair values<div style="display:inline-block;width:4.29px"> </div>from quoted market prices or valuation techniques</div><div id="a110553" style="position:absolute;font-family:'Frutiger';font-size:6.148px;font-weight:bold;font-style:normal;left:379.382px;top:3.5px;">1</div><div id="a110557" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:398.342px;top:17.2px;">31.12.22 </div><div id="a110560" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.395px;top:17.2px;">31.12.21 </div><div id="a110562" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:30.9px;">USD m </div><div id="a110565" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:338.715px;top:30.9px;">Level 1 </div><div id="a110567" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:386.955px;top:30.9px;">Level 2 </div><div id="a110569" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.755px;top:30.9px;">Level 3 </div><div id="a110571" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:490.582px;top:30.9px;">Total </div><div id="a110574" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:529.862px;top:30.9px;">Level 1 </div><div id="a110576" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.568px;top:30.9px;">Level 2 </div><div id="a110578" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:611.742px;top:30.9px;">Level 3 </div><div id="a110580" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:30.9px;">Total </div><div id="a110593" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:56px;">Financial assets measured at<div style="display:inline-block;width:3.79px"> </div>fair value on a recurring basis </div><div id="a110606" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:81.5px;">Financial assets at fair value held for trading </div><div id="a110609_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.768px;top:81.5px;">96,241</div><div id="a110612_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:386.008px;top:81.5px;">10,138</div><div id="a110615_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.528px;top:81.5px;">1,488</div><div id="a110618_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:477.342px;top:81.5px;">107,866</div><div id="a110622_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:524.195px;top:81.5px;">113,697</div><div id="a110625_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:569.622px;top:81.5px;">14,825</div><div id="a110628_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.528px;top:81.5px;">2,299</div><div id="a110631_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:81.5px;">130,821</div><div id="a110634" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:94.8px;">of which: Equity instruments </div><div id="a110638_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:337.768px;top:94.8px;">83,074</div><div id="a110641_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:397.862px;top:94.8px;">789</div><div id="a110644_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:94.8px;">126</div><div id="a110647_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:94.8px;">83,988</div><div id="a110651_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.915px;top:94.8px;">97,958</div><div id="a110654_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:94.8px;">1,090</div><div id="a110657_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:94.8px;">149</div><div id="a110660_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:94.8px;">99,197</div><div id="a110663" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:108.5px;">of which: Government bills / bonds </div><div id="a110666_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:342.502px;top:108.5px;">5,496</div><div id="a110669_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:397.862px;top:108.5px;">950</div><div id="a110672_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:450.862px;top:108.5px;">18</div><div id="a110675_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:108.5px;">6,464</div><div id="a110679_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.648px;top:108.5px;">7,135</div><div id="a110682_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:108.5px;">1,351</div><div id="a110685_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:627.822px;top:108.5px;">10</div><div id="a110688_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:108.5px;">8,496</div><div id="a110691" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:121.8px;">of which: Investment fund units </div><div id="a110694_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:342.502px;top:121.8px;">6,673</div><div id="a110697_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:397.862px;top:121.8px;">596</div><div id="a110700_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:450.862px;top:121.8px;">61</div><div id="a110703_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:121.8px;">7,330</div><div id="a110707_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.648px;top:121.8px;">7,843</div><div id="a110710_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:121.8px;">1,364</div><div id="a110713_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:627.822px;top:121.8px;">21</div><div id="a110716_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:121.8px;">9,229</div><div id="a110719" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:135px;">of which: Corporate and municipal bonds </div><div id="a110723_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:349.595px;top:135px;">976</div><div id="a110726_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:390.768px;top:135px;">6,363</div><div id="a110729_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:135px;">541</div><div id="a110732_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:135px;">7,880</div><div id="a110736_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:540.742px;top:135px;">708</div><div id="a110739_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:135px;">7,604</div><div id="a110742_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:135px;">556</div><div id="a110745_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:135px;">8,868</div><div id="a110748" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:148.2px;">of which: Loans </div><div id="a110751_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:148.2px;">0</div><div id="a110754_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:390.768px;top:148.2px;">1,179</div><div id="a110757_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:148.2px;">628</div><div id="a110760_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:148.2px;">1,807</div><div id="a110764_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:148.2px;">0</div><div id="a110767_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:148.2px;">3,099</div><div id="a110770_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:615.528px;top:148.2px;">1,443</div><div id="a110773_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:148.2px;">4,542</div><div id="a110776" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:161.5px;">of which: Asset-backed securities </div><div id="a110781_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:354.795px;top:161.5px;">22</div><div id="a110784_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:397.862px;top:161.5px;">261</div><div id="a110787_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:161.5px;">114</div><div id="a110790_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:493.888px;top:161.5px;">397</div><div id="a110794_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:545.942px;top:161.5px;">53</div><div id="a110797_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:581.448px;top:161.5px;">317</div><div id="a110800_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:161.5px;">120</div><div id="a110803_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.795px;top:161.5px;">489</div><div id="a110817" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:186.5px;">Derivative financial instruments </div><div id="a110821_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:349.595px;top:186.5px;">769</div><div id="a110824_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:381.275px;top:186.5px;">147,875</div><div id="a110827_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.528px;top:186.5px;">1,464</div><div id="a110830_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:477.342px;top:186.5px;">150,108</div><div id="a110834_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:540.742px;top:186.5px;">522</div><div id="a110837_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.888px;top:186.5px;">116,479</div><div id="a110840_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.528px;top:186.5px;">1,140</div><div id="a110843_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:186.5px;">118,142</div><div id="a110846" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:199.8px;">of which: Foreign exchange </div><div id="a110849_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:349.595px;top:199.8px;">575</div><div id="a110852_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:386.008px;top:199.8px;">84,881</div><div id="a110855_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:455.595px;top:199.8px;">2</div><div id="a110858_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:199.8px;">85,458</div><div id="a110862_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:540.742px;top:199.8px;">255</div><div id="a110865_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:569.622px;top:199.8px;">53,043</div><div id="a110868_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:632.555px;top:199.8px;">7</div><div id="a110871_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:199.8px;">53,305</div><div id="a110874" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:213.1px;">of which: Interest rate </div><div id="a110877_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:213.1px;">0</div><div id="a110880_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:386.008px;top:213.1px;">39,345</div><div id="a110883_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:213.1px;">460</div><div id="a110886_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:213.1px;">39,805</div><div id="a110890_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:213.1px;">0</div><div id="a110893_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:569.622px;top:213.1px;">32,747</div><div id="a110896_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:213.1px;">494</div><div id="a110899_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:213.1px;">33,241</div><div id="a110902" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:225.8px;">of which: Equity / index </div><div id="a110906_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:225.8px;">1</div><div id="a110909_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:386.008px;top:225.8px;">21,542</div><div id="a110912_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:225.8px;">653</div><div id="a110915_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:225.8px;">22,195</div><div id="a110919_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:225.8px;">0</div><div id="a110922_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:569.622px;top:225.8px;">27,861</div><div id="a110925_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:225.8px;">384</div><div id="a110928_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:225.8px;">28,245</div><div id="a110931" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:239.1px;">of which: Credit </div><div id="a110934_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:239.1px;">0</div><div id="a110937_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:397.862px;top:239.1px;">719</div><div id="a110940_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:239.1px;">318</div><div id="a110943_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:239.1px;">1,038</div><div id="a110947_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:239.1px;">0</div><div id="a110950_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:239.1px;">1,179</div><div id="a110953_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:239.1px;">236</div><div id="a110956_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:239.1px;">1,414</div><div id="a110959" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:251.8px;">of which: Commodities </div><div id="a110962_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:251.8px;">0</div><div id="a110965_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:390.768px;top:251.8px;">1,334</div><div id="a110968_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:450.862px;top:251.8px;">30</div><div id="a110971_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:251.8px;">1,365</div><div id="a110975_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:251.8px;">0</div><div id="a110978_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:251.8px;">1,590</div><div id="a110981_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:627.822px;top:251.8px;">16</div><div id="a110984_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:251.8px;">1,606</div><div id="a110998" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:276.9px;">Brokerage receivables </div><div id="a111001_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:359.528px;top:276.9px;">0</div><div id="a111004_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:386.008px;top:276.9px;">17,576</div><div id="a111007_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:455.595px;top:276.9px;">0</div><div id="a111010_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:482.075px;top:276.9px;">17,576</div><div id="a111014_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.702px;top:276.9px;">0</div><div id="a111017_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:569.622px;top:276.9px;">21,839</div><div id="a111020_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:632.555px;top:276.9px;">0</div><div id="a111023_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:276.9px;">21,839</div><div id="a111037" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:301.1px;">Financial assets at fair value not held for trading </div><div id="a111040_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.768px;top:301.1px;">26,572</div><div id="a111043_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:386.008px;top:301.1px;">29,498</div><div id="a111046_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.528px;top:301.1px;">3,725</div><div id="a111049_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:482.075px;top:301.1px;">59,796</div><div id="a111053_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:528.915px;top:301.1px;">27,278</div><div id="a111056_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:569.622px;top:301.1px;">28,622</div><div id="a111059_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.528px;top:301.1px;">4,180</div><div id="a111062_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:301.1px;">60,080</div><div id="a111065" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:314.8px;">of which: Financial assets for unit-linked investment<div style="display:inline-block;width:3.84px"> </div>contracts </div><div id="a111070_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:337.768px;top:314.8px;">13,071</div><div id="a111073_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:407.795px;top:314.8px;">1</div><div id="a111076_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:455.595px;top:314.8px;">0</div><div id="a111079_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:314.8px;">13,072</div><div id="a111083_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.915px;top:314.8px;">21,110</div><div id="a111086_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:581.448px;top:314.8px;">187</div><div id="a111089_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:632.555px;top:314.8px;">6</div><div id="a111092_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:314.8px;">21,303</div><div id="a111095" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:328px;">of which: Corporate and municipal bonds </div><div id="a111098_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:354.795px;top:328px;">35</div><div id="a111101_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:386.008px;top:328px;">14,101</div><div id="a111104_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:328px;">230</div><div id="a111107_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:328px;">14,366</div><div id="a111111_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:540.742px;top:328px;">123</div><div id="a111114_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:569.622px;top:328px;">13,937</div><div id="a111117_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:328px;">306</div><div id="a111120_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:328px;">14,366</div><div id="a111123" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:341.2px;">of which: Government bills / bonds </div><div id="a111126_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:337.768px;top:341.2px;">13,103</div><div id="a111129_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:390.768px;top:341.2px;">3,638</div><div id="a111132_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:455.595px;top:341.2px;">0</div><div id="a111135_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:341.2px;">16,741</div><div id="a111139_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.648px;top:341.2px;">5,624</div><div id="a111142_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:341.2px;">3,236</div><div id="a111145_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:632.555px;top:341.2px;">0</div><div id="a111148_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:341.2px;">8,860</div><div id="a111151" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:354.5px;">of which: Loans </div><div id="a111154_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:354.5px;">0</div><div id="a111157_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:390.768px;top:354.5px;">3,602</div><div id="a111160_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:354.5px;">736</div><div id="a111163_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:354.5px;">4,337</div><div id="a111167_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:354.5px;">0</div><div id="a111170_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:354.5px;">4,982</div><div id="a111173_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:354.5px;">892</div><div id="a111176_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:354.5px;">5,874</div><div id="a111179" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:367.8px;">of which: Securities financing transactions </div><div id="a111182_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:367.8px;">0</div><div id="a111185_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:390.768px;top:367.8px;">7,590</div><div id="a111188_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:367.8px;">114</div><div id="a111191_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:367.8px;">7,704</div><div id="a111195_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:367.8px;">0</div><div id="a111198_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:367.8px;">5,704</div><div id="a111201_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:367.8px;">100</div><div id="a111204_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:367.8px;">5,804</div><div id="a111207" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:381px;">of which: Auction rate securities </div><div id="a111210_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:381px;">0</div><div id="a111213_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:407.795px;top:381px;">0</div><div id="a111216_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:438.528px;top:381px;">1,326</div><div id="a111219_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:381px;">1,326</div><div id="a111223_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:381px;">0</div><div id="a111226_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:591.382px;top:381px;">0</div><div id="a111229_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:615.528px;top:381px;">1,585</div><div id="a111232_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:381px;">1,585</div><div id="a111235" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:394.7px;">of which: Investment fund units </div><div id="a111238_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:349.595px;top:394.7px;">307</div><div id="a111241_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:397.862px;top:394.7px;">566</div><div id="a111244_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:394.7px;">190</div><div id="a111247_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:394.7px;">1,063</div><div id="a111251_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:540.742px;top:394.7px;">338</div><div id="a111254_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:581.448px;top:394.7px;">574</div><div id="a111257_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:394.7px;">117</div><div id="a111260_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:394.7px;">1,028</div><div id="a111263" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:408px;">of which: Equity instruments </div><div id="a111266_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:354.795px;top:408px;">57</div><div id="a111269_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:407.795px;top:408px;">0</div><div id="a111272_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:408px;">792</div><div id="a111275_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:493.888px;top:408px;">849</div><div id="a111279_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:545.942px;top:408px;">83</div><div id="a111282_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:591.382px;top:408px;">2</div><div id="a111285_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:408px;">681</div><div id="a111288_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.795px;top:408px;">765</div><div id="a111302" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:433.1px;">Financial assets measured at<div style="display:inline-block;width:3.79px"> </div>fair value through other comprehensive<div style="display:inline-block;width:3.79px"> </div>income on a recurring basis </div><div id="a111315" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:458.1px;">Financial assets measured at fair value through<div style="display:inline-block;width:4.24px"> </div>other comprehensive income </div><div id="a111319_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:354.795px;top:458.1px;">57</div><div id="a111322_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:390.768px;top:458.1px;">2,182</div><div id="a111325_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:455.595px;top:458.1px;">0</div><div id="a111328_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:486.795px;top:458.1px;">2,239</div><div id="a111332_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.648px;top:458.1px;">2,704</div><div id="a111335_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:574.355px;top:458.1px;">6,140</div><div id="a111338_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:632.555px;top:458.1px;">0</div><div id="a111341_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:458.1px;">8,844</div><div id="a111344" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:471.4px;">of which: Asset-backed securities</div><div id="a111347" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:132.875px;top:472px;">2</div><div id="a111350_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:471.4px;">0</div><div id="a111353_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:407.795px;top:471.4px;">0</div><div id="a111356_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:455.595px;top:471.4px;">0</div><div id="a111359_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:503.862px;top:471.4px;">0</div><div id="a111363_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:471.4px;">0</div><div id="a111366_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:471.4px;">4,849</div><div id="a111369_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:632.555px;top:471.4px;">0</div><div id="a111372_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:471.4px;">4,849</div><div id="a111375" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:484.6px;">of which: Government bills / bonds</div><div id="a111376" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:139.022px;top:485.2px;">2</div><div id="a111379_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:484.6px;">0</div><div id="a111382_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:403.062px;top:484.6px;">26</div><div id="a111385_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:455.595px;top:484.6px;">0</div><div id="a111388_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:499.128px;top:484.6px;">26</div><div id="a111392_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.648px;top:484.6px;">2,658</div><div id="a111395_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:586.648px;top:484.6px;">27</div><div id="a111398_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:632.555px;top:484.6px;">0</div><div id="a111401_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:484.6px;">2,686</div><div id="a111404" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:497.9px;">of which: Corporate and municipal bonds </div><div id="a111408_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:354.795px;top:497.9px;">57</div><div id="a111411_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:390.768px;top:497.9px;">2,156</div><div id="a111414_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:455.595px;top:497.9px;">0</div><div id="a111417_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:497.9px;">2,213</div><div id="a111421_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:545.942px;top:497.9px;">45</div><div id="a111424_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:497.9px;">1,265</div><div id="a111427_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:632.555px;top:497.9px;">0</div><div id="a111430_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:497.9px;">1,310</div><div id="a111444" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:522.9px;">Non-financial assets measured at<div style="display:inline-block;width:3.74px"> </div>fair value on a recurring basis </div><div id="a111459" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:548px;">Precious metals and other physical commodities </div><div id="a111462_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.502px;top:548px;">4,471</div><div id="a111465_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:407.795px;top:548px;">0</div><div id="a111468_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:455.595px;top:548px;">0</div><div id="a111471_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:486.795px;top:548px;">4,471</div><div id="a111475_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.648px;top:548px;">5,258</div><div id="a111478_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:548px;">0</div><div id="a111481_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:632.555px;top:548px;">0</div><div id="a111484_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:548px;">5,258</div><div id="a111498" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:572.6px;">Non-financial assets measured at<div style="display:inline-block;width:3.74px"> </div>fair value on a non-recurring<div style="display:inline-block;width:3.98px"> </div>basis </div><div id="a111515" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:597.7px;">Other non-financial assets</div><div id="a111518" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:97.848px;top:598.3px;">3</div><div id="a111521_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:359.528px;top:597.7px;">0</div><div id="a111524_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:407.795px;top:597.7px;">0</div><div id="a111527_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:445.662px;top:597.7px;">110</div><div id="a111530_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:493.888px;top:597.7px;">110</div><div id="a111534_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.702px;top:597.7px;">0</div><div id="a111537_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:597.7px;">0</div><div id="a111540_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:627.822px;top:597.7px;">26</div><div id="a111543_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:597.7px;">26</div><div id="a111557" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:621.8px;">Total assets measured<div style="display:inline-block;width:3.81px"> </div>at fair value </div><div id="a111560_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:333.008px;top:621.8px;">128,110</div><div id="a111563_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:381.275px;top:621.8px;">207,269</div><div id="a111566_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.528px;top:621.8px;">6,788</div><div id="a111569_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:477.342px;top:621.8px;">342,166</div><div id="a111573_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:524.195px;top:621.8px;">149,459</div><div id="a111576_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.888px;top:621.8px;">187,905</div><div id="a111579_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.528px;top:621.8px;">7,645</div><div id="a111582_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:621.8px;">345,010</div></div></div></div><div id="TextBlockContainer592" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:693px;height:441px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_590_XBRL_TS_c9de6e5dacfc46bf9f744176fc4a5154" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer591" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:693px;height:441px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a111636" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:2.8px;">Determination of fair values<div style="display:inline-block;width:4.29px"> </div>from quoted market prices or valuation techniques<div style="display:inline-block;width:4.48px"> </div>(continued)</div><div id="a111637" style="position:absolute;font-family:'Frutiger';font-size:6.148px;font-weight:bold;font-style:normal;left:436.168px;top:3.5px;">1</div><div id="a111641" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:395.022px;top:16.2px;">31.12.22 </div><div id="a111644" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.395px;top:16.2px;">31.12.21 </div><div id="a111646" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:30px;">USD m </div><div id="a111649" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:336.328px;top:30px;">Level 1 </div><div id="a111651" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:384.115px;top:30px;">Level 2 </div><div id="a111653" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:431.915px;top:30px;">Level 3 </div><div id="a111655" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.275px;top:30px;">Total </div><div id="a111658" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.342px;top:30px;">Level 1 </div><div id="a111660" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:30px;">Level 2 </div><div id="a111662" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:612.222px;top:30px;">Level 3 </div><div id="a111664" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:30px;">Total </div><div id="a111677" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:54.6px;">Financial liabilities measured at fair value<div style="display:inline-block;width:3.98px"> </div>on a recurring basis </div><div id="a111690" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:79.6px;">Financial liabilities at fair value held for trading </div><div id="a111693_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:335.382px;top:79.6px;">23,578</div><div id="a111696_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:387.902px;top:79.6px;">5,823</div><div id="a111699_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:442.822px;top:79.6px;">114</div><div id="a111702_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:478.755px;top:79.6px;">29,515</div><div id="a111706_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:529.395px;top:79.6px;">25,413</div><div id="a111709_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.302px;top:79.6px;">6,170</div><div id="a111712_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.088px;top:79.6px;">105</div><div id="a111715_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:79.6px;">31,688</div><div id="a111718" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:92.9px;">of which: Equity instruments </div><div id="a111722_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:335.382px;top:92.9px;">16,521</div><div id="a111725_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:395.022px;top:92.9px;">352</div><div id="a111728_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:448.022px;top:92.9px;">78</div><div id="a111731_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:478.755px;top:92.9px;">16,951</div><div id="a111735_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:529.395px;top:92.9px;">18,328</div><div id="a111738_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:582.395px;top:92.9px;">513</div><div id="a111741_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.288px;top:92.9px;">83</div><div id="a111744_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:92.9px;">18,924</div><div id="a111747" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:106.1px;">of which: Corporate and municipal bonds </div><div id="a111750_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:352.435px;top:106.6px;">36</div><div id="a111753_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:387.902px;top:106.6px;">4,643</div><div id="a111756_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:448.022px;top:106.6px;">27</div><div id="a111759_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:483.488px;top:106.6px;">4,707</div><div id="a111763_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:546.422px;top:106.6px;">30</div><div id="a111766_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:575.302px;top:106.6px;">4,219</div><div id="a111769_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.288px;top:106.6px;">17</div><div id="a111772_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:106.6px;">4,266</div><div id="a111775" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:119.9px;">of which: Government bills / bonds </div><div id="a111778_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:340.142px;top:119.9px;">5,880</div><div id="a111781_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:395.022px;top:119.9px;">706</div><div id="a111784_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:452.755px;top:119.9px;">1</div><div id="a111787_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:483.488px;top:119.9px;">6,587</div><div id="a111791_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:534.128px;top:119.9px;">5,883</div><div id="a111794_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:582.395px;top:119.9px;">826</div><div id="a111797_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:633.022px;top:119.9px;">0</div><div id="a111800_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:119.9px;">6,709</div><div id="a111803" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:133.1px;">of which: Investment fund units </div><div id="a111807_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:340.142px;top:133.1px;">1,141</div><div id="a111810_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:400.222px;top:133.1px;">84</div><div id="a111813_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:452.755px;top:133.1px;">3</div><div id="a111816_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:483.488px;top:133.1px;">1,229</div><div id="a111820_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:534.128px;top:133.1px;">1,172</div><div id="a111823_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:582.395px;top:133.1px;">555</div><div id="a111826_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:633.022px;top:133.1px;">6</div><div id="a111829_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:133.1px;">1,733</div><div id="a111843" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:158.2px;">Derivative financial instruments </div><div id="a111846_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:347.235px;top:158.2px;">640</div><div id="a111849_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.448px;top:158.2px;">152,582</div><div id="a111852_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:435.702px;top:158.2px;">1,684</div><div id="a111855_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:474.035px;top:158.2px;">154,906</div><div id="a111859_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:541.222px;top:158.2px;">509</div><div id="a111862_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:565.835px;top:158.2px;">118,558</div><div id="a111865_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.995px;top:158.2px;">2,242</div><div id="a111868_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:158.2px;">121,309</div><div id="a111871" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:171.4px;">of which: Foreign exchange<div style="display:inline-block;width:3.54px"> </div></div><div id="a111874_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:347.235px;top:171.4px;">587</div><div id="a111877_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:383.168px;top:171.4px;">87,897</div><div id="a111880_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:448.022px;top:171.4px;">24</div><div id="a111883_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:478.755px;top:171.4px;">88,508</div><div id="a111887_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:541.222px;top:171.4px;">258</div><div id="a111890_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:570.568px;top:171.4px;">53,800</div><div id="a111893_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.288px;top:171.4px;">21</div><div id="a111896_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:171.4px;">54,078</div><div id="a111899" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:184.7px;">of which: Interest rate<div style="display:inline-block;width:3.35px"> </div></div><div id="a111902_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:357.155px;top:184.7px;">0</div><div id="a111905_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:383.168px;top:184.7px;">37,429</div><div id="a111908_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:442.822px;top:184.7px;">116</div><div id="a111911_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:478.755px;top:184.7px;">37,545</div><div id="a111915_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:551.182px;top:184.7px;">0</div><div id="a111918_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:570.568px;top:184.7px;">28,398</div><div id="a111921_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.088px;top:184.7px;">278</div><div id="a111924_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:184.7px;">28,675</div><div id="a111927" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:197.9px;">of which: Equity / index<div style="display:inline-block;width:3.26px"> </div></div><div id="a111930_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:357.155px;top:197.9px;">0</div><div id="a111933_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:383.168px;top:197.9px;">24,963</div><div id="a111936_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:435.702px;top:197.9px;">1,184</div><div id="a111939_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:478.755px;top:197.9px;">26,148</div><div id="a111943_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:551.182px;top:197.9px;">0</div><div id="a111946_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:570.568px;top:197.9px;">33,438</div><div id="a111949_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:615.995px;top:197.9px;">1,511</div><div id="a111952_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:197.9px;">34,949</div><div id="a111955" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:211.2px;">of which: Credit </div><div id="a111958_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:357.155px;top:211.2px;">0</div><div id="a111961_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:395.022px;top:211.2px;">920</div><div id="a111964_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:442.822px;top:211.2px;">279</div><div id="a111967_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:483.488px;top:211.2px;">1,199</div><div id="a111971_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:551.182px;top:211.2px;">0</div><div id="a111974_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:575.302px;top:211.2px;">1,412</div><div id="a111977_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.088px;top:211.2px;">341</div><div id="a111980_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:211.2px;">1,753</div><div id="a111983" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:224.9px;">of which: Commodities </div><div id="a111987_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:357.155px;top:224.9px;">0</div><div id="a111990_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:387.902px;top:224.9px;">1,309</div><div id="a111993_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:448.022px;top:224.9px;">52</div><div id="a111996_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:483.488px;top:224.9px;">1,361</div><div id="a112000_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:551.182px;top:224.9px;">0</div><div id="a112003_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:575.302px;top:224.9px;">1,503</div><div id="a112006_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.288px;top:224.9px;">63</div><div id="a112009_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:224.9px;">1,566</div><div id="a112023" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:249.9px;">Financial liabilities designated at<div style="display:inline-block;width:3.81px"> </div>fair value on a recurring basis </div><div id="a112036" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:275px;">Brokerage payables designated at<div style="display:inline-block;width:4.03px"> </div>fair value </div><div id="a112039_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:357.155px;top:275px;">0</div><div id="a112042_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.168px;top:275px;">45,085</div><div id="a112045_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:452.755px;top:275px;">0</div><div id="a112048_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:478.755px;top:275px;">45,085</div><div id="a112052_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:551.182px;top:275px;">0</div><div id="a112055_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.568px;top:275px;">44,045</div><div id="a112058_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.022px;top:275px;">0</div><div id="a112061_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:275px;">44,045</div><div id="a112075" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:299.2px;">Debt issued designated at fair value </div><div id="a112078_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:357.155px;top:299.2px;">0</div><div id="a112081_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.168px;top:299.2px;">63,111</div><div id="a112084_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:430.968px;top:299.2px;">10,527</div><div id="a112087_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:478.755px;top:299.2px;">73,638</div><div id="a112091_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:551.182px;top:299.2px;">0</div><div id="a112094_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.568px;top:299.2px;">59,606</div><div id="a112097_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:611.275px;top:299.2px;">14,194</div><div id="a112100_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:299.2px;">73,799</div><div id="a112114" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:323.8px;">Other financial liabilities designated at fair value </div><div id="a112117_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:357.155px;top:323.8px;">0</div><div id="a112120_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.168px;top:323.8px;">29,547</div><div id="a112123_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:442.822px;top:323.8px;">691</div><div id="a112126_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:478.755px;top:323.8px;">30,237</div><div id="a112130_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:551.182px;top:323.8px;">0</div><div id="a112133_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.568px;top:323.8px;">29,258</div><div id="a112136_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.088px;top:323.8px;">816</div><div id="a112139_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:323.8px;">30,074</div><div id="a112142" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:337px;">of which: Financial liabilities related to unit-linked<div style="display:inline-block;width:3.92px"> </div>investment contracts </div><div id="a112148_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:357.155px;top:337px;">0</div><div id="a112151_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:383.168px;top:337px;">13,221</div><div id="a112154_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:452.755px;top:337px;">0</div><div id="a112157_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:478.755px;top:337px;">13,221</div><div id="a112161_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:551.182px;top:337px;">0</div><div id="a112164_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:570.568px;top:337px;">21,466</div><div id="a112167_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:633.022px;top:337px;">0</div><div id="a112170_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:337px;">21,466</div><div id="a112173" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:350.3px;">of which: Securities financing transactions </div><div id="a112176_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:357.155px;top:350.3px;">0</div><div id="a112179_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:383.168px;top:350.3px;">15,333</div><div id="a112182_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:452.755px;top:350.3px;">0</div><div id="a112185_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:478.755px;top:350.3px;">15,333</div><div id="a112189_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:551.182px;top:350.3px;">0</div><div id="a112192_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:575.302px;top:350.3px;">6,375</div><div id="a112195_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:633.022px;top:350.3px;">2</div><div id="a112198_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:350.3px;">6,377</div><div id="a112201" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:363.5px;">of which: Over-the-counter<div style="display:inline-block;width:3.83px"> </div>debt instruments and other </div><div id="a112208_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:357.155px;top:363.5px;">0</div><div id="a112211_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:395.022px;top:363.5px;">993</div><div id="a112214_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:442.822px;top:363.5px;">691</div><div id="a112217_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:483.488px;top:363.5px;">1,684</div><div id="a112221_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:551.182px;top:363.5px;">0</div><div id="a112224_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:575.302px;top:363.5px;">1,417</div><div id="a112227_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.088px;top:363.5px;">814</div><div id="a112230_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:363.5px;">2,231</div><div id="a112244" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:388.6px;">Total liabilities measured<div style="display:inline-block;width:3.97px"> </div>at fair value </div><div id="a112247_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:335.382px;top:388.6px;">24,219</div><div id="a112250_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.448px;top:388.6px;">296,148</div><div id="a112253_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:430.968px;top:388.6px;">13,015</div><div id="a112256_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:474.035px;top:388.6px;">333,381</div><div id="a112260_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:529.395px;top:388.6px;">25,922</div><div id="a112263_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:565.835px;top:388.6px;">257,637</div><div id="a112266_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:611.275px;top:388.6px;">17,357</div><div id="a112269_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:388.6px;">300,916</div><div id="a112272" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:402.6px;">1 Bifurcated embedded derivatives are presented<div style="display:inline-block;width:3.65px"> </div>on the same balance sheet lines as their host contracts and<div style="display:inline-block;width:3.42px"> </div>are not included in this table. The fair<div style="display:inline-block;width:3.51px"> </div>value of these derivatives was not material for the<div style="display:inline-block;width:3.45px"> </div>periods presented.<div style="display:inline-block;width:7.72px"> </div></div><div id="a112274" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:412.6px;">2 Effective 1 April 2022, a portfolio of<div style="display:inline-block;width:3.55px"> </div>assets previously classified as Financial<div style="display:inline-block;width:3.79px"> </div>assets measured at fair value<div style="display:inline-block;width:3.64px"> </div>through other<div style="display:inline-block;width:2.9px"> </div>comprehensive income was<div style="display:inline-block;width:3.48px"> </div>reclassified to Other financial<div style="display:inline-block;width:3.47px"> </div>assets measured at amortized cost. </div><div id="a112277" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:422.5px;">Refer to Note 1 for more information.<div style="display:inline-block;width:8.51px"> </div>3 Other non-financial assets primarily<div style="display:inline-block;width:3.8px"> </div>consist of properties and other non-current assets<div style="display:inline-block;width:3.78px"> </div>held for sale, which are measured<div style="display:inline-block;width:3.81px"> </div>at the lower of their net carrying amount or fair value </div><div id="a112283" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:432.9px;">less costs to sell.</div></div></div></div><div id="TextBlockContainer594" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:518px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a112285" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Valuation techniques<div style="display:inline-block;width:4.87px"> </div></div><div id="a112289" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23.5px;">UBS uses widely recognized valuation techniques for determining<div style="display:inline-block;width:2.15px"> </div>the fair value of<div style="display:inline-block;width:2.26px"> </div>financial and non-financial instruments </div><div id="a112292" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.7px;">that are<div style="display:inline-block;width:5.29px"> </div>not actively<div style="display:inline-block;width:5.53px"> </div>traded and<div style="display:inline-block;width:5.34px"> </div>quoted.<div style="display:inline-block;width:5.02px"> </div>The most frequently<div style="display:inline-block;width:6.11px"> </div>applied<div style="display:inline-block;width:5.13px"> </div>valuation techniques<div style="display:inline-block;width:6.22px"> </div>include discounted<div style="display:inline-block;width:5.63px"> </div>value of </div><div id="a112293" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">expected cash flows, relative value<div style="display:inline-block;width:5.19px"> </div>and option pricing methodologies. </div><div id="a112296" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:77px;">Discounted<div style="display:inline-block;width:5.75px"> </div>value<div style="display:inline-block;width:5.1px"> </div>of<div style="display:inline-block;width:5.25px"> </div>expected<div style="display:inline-block;width:5.99px"> </div>cash<div style="display:inline-block;width:5.25px"> </div>flows<div style="display:inline-block;width:5.3px"> </div>is<div style="display:inline-block;width:5.15px"> </div>a<div style="display:inline-block;width:5.67px"> </div>valuation<div style="display:inline-block;width:5.72px"> </div>technique<div style="display:inline-block;width:5.55px"> </div>that<div style="display:inline-block;width:5.57px"> </div>measures<div style="display:inline-block;width:5.43px"> </div>fair<div style="display:inline-block;width:5.26px"> </div>value<div style="display:inline-block;width:5.57px"> </div>using<div style="display:inline-block;width:5.75px"> </div>estimated<div style="display:inline-block;width:5.36px"> </div>expected </div><div id="a112297" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:92.1px;">future cash<div style="display:inline-block;width:5.07px"> </div>flows from assets or<div style="display:inline-block;width:5.77px"> </div>liabilities and then<div style="display:inline-block;width:5.09px"> </div>discounts these cash<div style="display:inline-block;width:5.53px"> </div>flows using a discount<div style="display:inline-block;width:5.75px"> </div>rate or discount<div style="display:inline-block;width:5.08px"> </div>margin </div><div id="a112302" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.2px;">that<div style="display:inline-block;width:5.1px"> </div>reflects<div style="display:inline-block;width:5.2px"> </div>the<div style="display:inline-block;width:5.25px"> </div>credit<div style="display:inline-block;width:5.03px"> </div>and<div style="display:inline-block;width:5.61px"> </div>/ or<div style="display:inline-block;width:6.4px"> </div>funding spreads<div style="display:inline-block;width:6.65px"> </div>required<div style="display:inline-block;width:5.4px"> </div>by<div style="display:inline-block;width:5.2px"> </div>the market<div style="display:inline-block;width:5.84px"> </div>for<div style="display:inline-block;width:5.1px"> </div>instruments<div style="display:inline-block;width:5.66px"> </div>with<div style="display:inline-block;width:5.25px"> </div>similar<div style="display:inline-block;width:5.1px"> </div>risk and<div style="display:inline-block;width:6.92px"> </div>liquidity </div><div id="a112303" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:122.9px;">profiles to<div style="display:inline-block;width:6.01px"> </div>produce<div style="display:inline-block;width:5.42px"> </div>a present<div style="display:inline-block;width:6.17px"> </div>value.<div style="display:inline-block;width:5.2px"> </div>When using<div style="display:inline-block;width:6.53px"> </div>such valuation<div style="display:inline-block;width:6.07px"> </div>techniques,<div style="display:inline-block;width:5.7px"> </div>expected<div style="display:inline-block;width:5.05px"> </div>future cash<div style="display:inline-block;width:6.01px"> </div>flows<div style="display:inline-block;width:5.17px"> </div>are estimated </div><div id="a112305" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:138px;">using an<div style="display:inline-block;width:5.59px"> </div>observed or<div style="display:inline-block;width:5.18px"> </div>implied market price<div style="display:inline-block;width:5.58px"> </div>for the<div style="display:inline-block;width:5.25px"> </div>future cash<div style="display:inline-block;width:5.54px"> </div>flows or by<div style="display:inline-block;width:5.56px"> </div>using industry<div style="display:inline-block;width:1.49px"> </div>-standard<div style="display:inline-block;width:5.16px"> </div>cash flow projection </div><div id="a112308" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:153.6px;">models.<div style="display:inline-block;width:7.87px"> </div>The<div style="display:inline-block;width:7.77px"> </div>discount<div style="display:inline-block;width:7.96px"> </div>factors<div style="display:inline-block;width:7.63px"> </div>within<div style="display:inline-block;width:8.19px"> </div>the<div style="display:inline-block;width:7.62px"> </div>calculation<div style="display:inline-block;width:8.25px"> </div>are<div style="display:inline-block;width:7.65px"> </div>generated<div style="display:inline-block;width:7.87px"> </div>using<div style="display:inline-block;width:8.12px"> </div>industry-standard<div style="display:inline-block;width:8.83px"> </div>yield<div style="display:inline-block;width:7.36px"> </div>curve<div style="display:inline-block;width:8.16px"> </div>modeling </div><div id="a112311" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:168.7px;">techniques and models. </div><div id="a112315" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:191.5px;">Relative value<div style="display:inline-block;width:2px"> </div>models measure<div style="display:inline-block;width:1.43px"> </div>fair value<div style="display:inline-block;width:1.48px"> </div>based on the<div style="display:inline-block;width:1.59px"> </div>market prices<div style="display:inline-block;width:1.33px"> </div>of equivalent<div style="display:inline-block;width:1.61px"> </div>or comparable<div style="display:inline-block;width:1.57px"> </div>assets or<div style="display:inline-block;width:2.04px"> </div>liabilities,<div style="display:inline-block;width:1.94px"> </div>making </div><div id="a112317" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:206.6px;">adjustments for differences<div style="display:inline-block;width:1.35px"> </div>between the characteristics<div style="display:inline-block;width:0.9px"> </div>of the observed instrument<div style="display:inline-block;width:1.59px"> </div>and the instrument<div style="display:inline-block;width:1.55px"> </div>being valued. </div><div id="a112319" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:229.8px;">Option<div style="display:inline-block;width:5.92px"> </div>pricing<div style="display:inline-block;width:5.72px"> </div>models<div style="display:inline-block;width:5.87px"> </div>incorporate<div style="display:inline-block;width:5.72px"> </div>assumptions<div style="display:inline-block;width:6.69px"> </div>regarding<div style="display:inline-block;width:6.55px"> </div>the<div style="display:inline-block;width:5.72px"> </div>behavior<div style="display:inline-block;width:5.35px"> </div>of<div style="display:inline-block;width:5.72px"> </div>future<div style="display:inline-block;width:5.86px"> </div>price<div style="display:inline-block;width:5.42px"> </div>movements<div style="display:inline-block;width:5.94px"> </div>of<div style="display:inline-block;width:5.72px"> </div>an<div style="display:inline-block;width:5.88px"> </div>underlying </div><div id="a112321" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:244.9px;">referenced<div style="display:inline-block;width:6.37px"> </div>asset<div style="display:inline-block;width:6.09px"> </div>or<div style="display:inline-block;width:6.67px"> </div>assets<div style="display:inline-block;width:6.61px"> </div>to<div style="display:inline-block;width:6.2px"> </div>generate<div style="display:inline-block;width:6.25px"> </div>a<div style="display:inline-block;width:6.62px"> </div>probability-weighted<div style="display:inline-block;width:7.33px"> </div>future<div style="display:inline-block;width:6.4px"> </div>expected<div style="display:inline-block;width:6.5px"> </div>payoff<div style="display:inline-block;width:6.76px"> </div>for<div style="display:inline-block;width:6.52px"> </div>the<div style="display:inline-block;width:6.2px"> </div>option.<div style="display:inline-block;width:6.8px"> </div>The<div style="display:inline-block;width:6.35px"> </div>resulting </div><div id="a112327" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:260px;">probability-weighted expected<div style="display:inline-block;width:5.78px"> </div>payoff is<div style="display:inline-block;width:5.39px"> </div>then discounted<div style="display:inline-block;width:6.16px"> </div>using discount<div style="display:inline-block;width:5.78px"> </div>factors generated<div style="display:inline-block;width:5.2px"> </div>from industry<div style="display:inline-block;width:1.8px"> </div>-standard yield </div><div id="a112333" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:275.2px;">curve modeling<div style="display:inline-block;width:5.87px"> </div>techniques<div style="display:inline-block;width:5.13px"> </div>and<div style="display:inline-block;width:5.13px"> </div>models. The<div style="display:inline-block;width:5.34px"> </div>option pricing<div style="display:inline-block;width:5.9px"> </div>model may<div style="display:inline-block;width:5.57px"> </div>be implemented<div style="display:inline-block;width:6.39px"> </div>using a<div style="display:inline-block;width:5.86px"> </div>closed-form analytical </div><div id="a112336" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:290.8px;">formula or other mathematical techniques<div style="display:inline-block;width:5.65px"> </div>(e.g., binomial<div style="display:inline-block;width:4.37px"> </div>tree or Monte Carlo simulation). </div><div id="a112339" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:313.5px;">Where available, valuation techniques use market-observable assumptions and inputs. If such<div style="display:inline-block;width:2.33px"> </div>data is not available,<div style="display:inline-block;width:2.24px"> </div>inputs </div><div id="a112342" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:328.6px;">may be derived<div style="display:inline-block;width:5.67px"> </div>by reference<div style="display:inline-block;width:5.32px"> </div>to similar assets<div style="display:inline-block;width:5.83px"> </div>in active<div style="display:inline-block;width:5.22px"> </div>markets, from recent<div style="display:inline-block;width:5.96px"> </div>prices for<div style="display:inline-block;width:5.47px"> </div>comparable transactions<div style="display:inline-block;width:6.06px"> </div>or from </div><div id="a112344" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:344.3px;">other observable market data. In such<div style="display:inline-block;width:2.28px"> </div>cases, the inputs selected<div style="display:inline-block;width:1.97px"> </div>are based on historical<div style="display:inline-block;width:2.31px"> </div>experience and practice for<div style="display:inline-block;width:2.11px"> </div>similar </div><div id="a112345" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:359.4px;">or analogous instruments,<div style="display:inline-block;width:2.25px"> </div>derivation of input<div style="display:inline-block;width:1.91px"> </div>levels based<div style="display:inline-block;width:2.09px"> </div>on similar<div style="display:inline-block;width:2.3px"> </div>products with observable<div style="display:inline-block;width:1.99px"> </div>price levels, and knowledge </div><div id="a112347" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:375px;">of current market conditions and<div style="display:inline-block;width:5.14px"> </div>valuation approaches. </div><div id="a112349" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:397.7px;">For<div style="display:inline-block;width:6.47px"> </div>more<div style="display:inline-block;width:6.76px"> </div>complex<div style="display:inline-block;width:6.84px"> </div>instruments,<div style="display:inline-block;width:7.19px"> </div>fair<div style="display:inline-block;width:6.68px"> </div>values<div style="display:inline-block;width:6.57px"> </div>may<div style="display:inline-block;width:6.74px"> </div>be<div style="display:inline-block;width:6.82px"> </div>estimated<div style="display:inline-block;width:6.78px"> </div>using<div style="display:inline-block;width:7.17px"> </div>a<div style="display:inline-block;width:6.62px"> </div>combination<div style="display:inline-block;width:7.39px"> </div>of<div style="display:inline-block;width:6.67px"> </div>observed<div style="display:inline-block;width:6.45px"> </div>transaction<div style="display:inline-block;width:6.98px"> </div>prices, </div><div id="a112350" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:412.9px;">consensus pricing services and relevant<div style="display:inline-block;width:2.3px"> </div>quotes. Consideration is given to the nature of the<div style="display:inline-block;width:2.03px"> </div>quotes (e.g., indicative or firm) </div><div id="a112353" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:428px;">and the<div style="display:inline-block;width:5.29px"> </div>relationship of recently<div style="display:inline-block;width:5.09px"> </div>evidenced market activity<div style="display:inline-block;width:5.34px"> </div>to the prices<div style="display:inline-block;width:5.3px"> </div>provided by<div style="display:inline-block;width:5.42px"> </div>consensus pricing services. UBS<div style="display:inline-block;width:5.73px"> </div>also </div><div id="a112354" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:443.6px;">uses internally developed models, which are typically<div style="display:inline-block;width:2.01px"> </div>based on valuation methods and techniques recognized as standard </div><div id="a112358" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:458.8px;">within the<div style="display:inline-block;width:5.03px"> </div>industry. Assumptions<div style="display:inline-block;width:5.54px"> </div>and inputs used in<div style="display:inline-block;width:5.45px"> </div>valuation techniques include<div style="display:inline-block;width:5.57px"> </div>benchmark interest rate<div style="display:inline-block;width:5.13px"> </div>curves, credit </div><div id="a112361" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:474.4px;">and<div style="display:inline-block;width:5.13px"> </div>funding<div style="display:inline-block;width:5.48px"> </div>spreads used<div style="display:inline-block;width:6.35px"> </div>in estimating<div style="display:inline-block;width:6.14px"> </div>discount<div style="display:inline-block;width:5.32px"> </div>rates,<div style="display:inline-block;width:4.57px"> </div>bond<div style="display:inline-block;width:5.54px"> </div>and<div style="display:inline-block;width:5.13px"> </div>equity prices,<div style="display:inline-block;width:6.09px"> </div>equity<div style="display:inline-block;width:5.15px"> </div>index<div style="display:inline-block;width:5.3px"> </div>prices,<div style="display:inline-block;width:5.1px"> </div>foreign<div style="display:inline-block;width:5.33px"> </div>exchange </div><div id="a112365" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:489.5px;">rates, levels of market volatility and correlation. Refer to Note 20e for more information. The discount curves used by the </div><div id="a112371" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:504.7px;">Group incorporate the funding<div style="display:inline-block;width:5.53px"> </div>and credit characteristics of the instruments to which<div style="display:inline-block;width:5.37px"> </div>they are applied.</div></div><div id="TextBlockContainer596" style="position:relative;font-family:'Frutiger';font-size:11.823px;color:#E60000;line-height:normal;width:686px;height:83px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a112415" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.38px;top:0px;">Financial instruments<div style="display:inline-block;width:4.7px"> </div>excluding derivatives:<div style="display:inline-block;width:5.17px"> </div>valuation and classification<div style="display:inline-block;width:5.41px"> </div>in the fair value<div style="display:inline-block;width:5.06px"> </div>hierarchy </div><div id="a112417" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;color:#000000;left:15.257px;top:27.3px;">Product </div><div id="a112419" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;color:#000000;left:127.866px;top:27.3px;">Valuation and<div style="display:inline-block;width:4.4px"> </div>classification in the fair value hierarchy </div><div id="a112421" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;color:#000000;left:15.257px;top:49.6px;">Government bills </div><div id="a112422" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;color:#000000;left:15.257px;top:61.4px;">and bonds </div><div id="a112424" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;color:#000000;left:127.866px;top:49.8px;">Valuation </div><div id="a112426" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;color:#000000;left:218.266px;top:49.8px;">–</div><div id="a112427" style="position:absolute;font-family:'Arial';font-size:9.931px;font-weight:normal;font-style:normal;color:#000000;left:223.466px;top:49.7px;"> </div><div id="a112428" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;color:#000000;left:229.613px;top:49.8px;">Generally valued using prices<div style="display:inline-block;width:4.27px"> </div>obtained directly from the market. </div><div id="a112433" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;color:#000000;left:218.266px;top:61.6px;">–</div><div id="a112434" style="position:absolute;font-family:'Arial';font-size:9.931px;font-weight:normal;font-style:normal;color:#000000;left:223.466px;top:61.5px;"> </div><div id="a112435" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;color:#000000;left:229.613px;top:61.6px;">Instruments not<div style="display:inline-block;width:4.16px"> </div>priced directly using<div style="display:inline-block;width:4.19px"> </div>active-market data are<div style="display:inline-block;width:4.75px"> </div>valued using discounted<div style="display:inline-block;width:4.76px"> </div>cash flow valuation </div><div id="a112438" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;color:#000000;left:229.613px;top:73.4px;">techniques that incorporate market<div style="display:inline-block;width:4.16px"> </div>data for similar government instruments.<div style="display:inline-block;width:3.72px"> </div></div></div><div id="TextBlockContainer598" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:673px;height:831px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a112440" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:0px;">Fair value </div><div id="a112441" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:12.3px;">hierarchy </div><div id="a112443" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:0px;">–</div><div id="a112444" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:-0.1px;"> </div><div id="a112445" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:0px;">Generally traded in<div style="display:inline-block;width:4.12px"> </div>active markets with prices that<div style="display:inline-block;width:4.27px"> </div>can be obtained directly from these<div style="display:inline-block;width:4.44px"> </div>markets, resulting </div><div id="a112447" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:12.3px;">in classification as Level 1,<div style="display:inline-block;width:4.24px"> </div>while the remaining positions are classified as Level<div style="display:inline-block;width:4.11px"> </div>2 and Level 3. </div><div id="a112457" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:35.3px;">Corporate and </div><div id="a112458" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:47.6px;">municipal bonds </div><div id="a112460" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:35.5px;">Valuation </div><div id="a112462" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:35.5px;">–</div><div id="a112463" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:35.4px;"> </div><div id="a112464" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:35.5px;">Generally<div style="display:inline-block;width:5.21px"> </div>valued<div style="display:inline-block;width:4.57px"> </div>using<div style="display:inline-block;width:4.79px"> </div>prices<div style="display:inline-block;width:4.57px"> </div>obtained<div style="display:inline-block;width:4.55px"> </div>directly<div style="display:inline-block;width:4.84px"> </div>from<div style="display:inline-block;width:4.36px"> </div>the<div style="display:inline-block;width:4.65px"> </div>market<div style="display:inline-block;width:4.74px"> </div>for<div style="display:inline-block;width:4.41px"> </div>the<div style="display:inline-block;width:4.65px"> </div>security,<div style="display:inline-block;width:4.47px"> </div>or<div style="display:inline-block;width:4.88px"> </div>similar<div style="display:inline-block;width:4.66px"> </div>securities, </div><div id="a112465" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:47.8px;">adjusted for seniority, maturity<div style="display:inline-block;width:4.14px"> </div>and liquidity. </div><div id="a112467" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:59.6px;">–</div><div id="a112468" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:59.5px;"> </div><div id="a112469" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:59.6px;">When<div style="display:inline-block;width:4.41px"> </div>prices are<div style="display:inline-block;width:4.36px"> </div>not available,<div style="display:inline-block;width:5.19px"> </div>instruments are<div style="display:inline-block;width:4.98px"> </div>valued using<div style="display:inline-block;width:4.7px"> </div>discounted<div style="display:inline-block;width:4.23px"> </div>cash flow<div style="display:inline-block;width:4.64px"> </div>valuation techniques </div><div id="a112471" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:71.9px;">incorporating the credit spread of<div style="display:inline-block;width:4.11px"> </div>the issuer or similar issuers. </div><div id="a112473" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:83.7px;">–</div><div id="a112474" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:83.6px;"> </div><div id="a112475" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:83.7px;">For<div style="display:inline-block;width:4.26px"> </div>convertible<div style="display:inline-block;width:4.73px"> </div>bonds<div style="display:inline-block;width:4.36px"> </div>without directly<div style="display:inline-block;width:5.42px"> </div>comparable<div style="display:inline-block;width:4.25px"> </div>prices,<div style="display:inline-block;width:4.25px"> </div>issuances<div style="display:inline-block;width:4.79px"> </div>may<div style="display:inline-block;width:4.11px"> </div>be priced<div style="display:inline-block;width:5.27px"> </div>using<div style="display:inline-block;width:4.32px"> </div>a convertible </div><div id="a112481" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:95.6px;">bond model. </div><div id="a112483" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:115.9px;">Fair value </div><div id="a112484" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:128.2px;">hierarchy </div><div id="a112486" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:115.9px;">–</div><div id="a112487" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:115.8px;"> </div><div id="a112488" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:115.9px;">Generally classified as Level 1<div style="display:inline-block;width:4.2px"> </div>or Level 2,<div style="display:inline-block;width:3.26px"> </div>depending on the depth of trading activity behind<div style="display:inline-block;width:4.18px"> </div>price sources. </div><div id="a112498" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:128.2px;">–</div><div id="a112499" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:128.1px;"> </div><div id="a112500" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:128.2px;">Level 3 instruments have no suitable<div style="display:inline-block;width:4.1px"> </div>pricing information available. </div><div id="a112504" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:151.2px;">Traded<div style="display:inline-block;width:4.29px"> </div>loans and </div><div id="a112505" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:163.5px;">loans measured at </div><div id="a112509" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:175.3px;">fair value </div><div id="a112511" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:151.4px;">Valuation </div><div id="a112513" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:151.4px;">–</div><div id="a112514" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:151.3px;"> </div><div id="a112515" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:151.4px;">Valued directly using market prices<div style="display:inline-block;width:0.91px"> </div>that reflect recent transactions<div style="display:inline-block;width:1.4px"> </div>or quoted dealer prices, where<div style="display:inline-block;width:1.01px"> </div>available. </div><div id="a112519" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:163.7px;">–</div><div id="a112520" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:163.6px;"> </div><div id="a112521" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:163.7px;">Where<div style="display:inline-block;width:4.2px"> </div>no market<div style="display:inline-block;width:4.65px"> </div>price<div style="display:inline-block;width:4.18px"> </div>data is<div style="display:inline-block;width:4.57px"> </div>available, loans<div style="display:inline-block;width:5.03px"> </div>are valued<div style="display:inline-block;width:4.83px"> </div>by relative<div style="display:inline-block;width:4.92px"> </div>value benchmarking<div style="display:inline-block;width:4.79px"> </div>using pricing </div><div id="a112522" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:175.5px;">derived from debt instruments in<div style="display:inline-block;width:4.41px"> </div>comparable entities or different products in the same<div style="display:inline-block;width:4.29px"> </div>entity, or by using </div><div id="a112524" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:187.8px;">a credit<div style="display:inline-block;width:4.68px"> </div>default swap valuation<div style="display:inline-block;width:5.18px"> </div>technique, which<div style="display:inline-block;width:4.24px"> </div>requires inputs<div style="display:inline-block;width:4.67px"> </div>for credit<div style="display:inline-block;width:4.13px"> </div>spreads, credit<div style="display:inline-block;width:4.37px"> </div>recovery rates </div><div id="a112525" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:199.7px;">and<div style="display:inline-block;width:4.32px"> </div>interest rates.<div style="display:inline-block;width:4.75px"> </div>Recently originated<div style="display:inline-block;width:4.95px"> </div>commercial<div style="display:inline-block;width:4.14px"> </div>real estate<div style="display:inline-block;width:4.84px"> </div>loans are<div style="display:inline-block;width:4.66px"> </div>measured<div style="display:inline-block;width:4.19px"> </div>using a<div style="display:inline-block;width:4.63px"> </div>securitization </div><div id="a112526" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:211.5px;">approach based on rating age<div style="display:inline-block;width:1.48px"> </div>ncy guidelines. </div><div id="a112529" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:231.8px;">Fair value </div><div id="a112530" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:244.1px;">hierarchy </div><div id="a112532" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:231.8px;">–</div><div id="a112533" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:231.7px;"> </div><div id="a112534" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:231.8px;">Instruments with suitably deep<div style="display:inline-block;width:4.15px"> </div>and liquid pricing information are classified as<div style="display:inline-block;width:4.15px"> </div>Level 2. </div><div id="a112539" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:244.1px;">–</div><div id="a112540" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:244px;"> </div><div id="a112541" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:244.1px;">Positions requiring the use of valuation techniques, or for which the price sources have insufficient trading </div><div id="a112543" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:256px;">depth, are classified as Level 3. </div><div id="a112547" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:276.1px;">Investment fund </div><div id="a112548" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:287.9px;">units </div><div id="a112550" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:276.3px;">Valuation </div><div id="a112552" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:276.3px;">–</div><div id="a112553" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:276.2px;"> </div><div id="a112554" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:276.3px;">Predominantly exchange<div style="display:inline-block;width:1.48px"> </div>-traded, with readily available quoted prices in liquid<div style="display:inline-block;width:4.13px"> </div>markets. </div><div id="a112560" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:288.1px;">–</div><div id="a112561" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:288px;"> </div><div id="a112562" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:288.1px;">Where market prices are not available,<div style="display:inline-block;width:4.54px"> </div>fair value may be measured using net asset values (NAVs)<div style="display:inline-block;width:1.75px"> </div>. </div><div id="a112565" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:308.5px;">Fair value </div><div id="a112566" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:320.3px;">hierarchy </div><div id="a112568" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:308.5px;">–</div><div id="a112569" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:308.4px;"> </div><div id="a112570" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:308.5px;">Listed<div style="display:inline-block;width:4.1px"> </div>units<div style="display:inline-block;width:4.17px"> </div>are<div style="display:inline-block;width:4.44px"> </div>classified<div style="display:inline-block;width:4.1px"> </div>as Level<div style="display:inline-block;width:4.43px"> </div>1, provided<div style="display:inline-block;width:5.12px"> </div>there<div style="display:inline-block;width:4.12px"> </div>is sufficient<div style="display:inline-block;width:5.22px"> </div>trading<div style="display:inline-block;width:4.17px"> </div>activity to<div style="display:inline-block;width:5.07px"> </div>justify<div style="display:inline-block;width:4.18px"> </div>active-market </div><div id="a112576" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:320.3px;">classification, while other positions are<div style="display:inline-block;width:4.32px"> </div>classified as Level 2. </div><div id="a112580" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:332.6px;">–</div><div id="a112581" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:332.5px;"> </div><div id="a112582" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:332.6px;">Positions for which NAVs are not available<div style="display:inline-block;width:4.5px"> </div>are classified as Level 3. </div><div id="a112586" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:352.7px;">Asset-backed </div><div id="a112589" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:364.5px;">securities (ABS) </div><div id="a112593" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:352.9px;">Valuation </div><div id="a112595" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:352.9px;">–</div><div id="a112596" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:352.8px;"> </div><div id="a112597" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:352.9px;">For liquid securities, the valuation process will use trade and price data, updated for movements in market </div><div id="a112599" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:364.8px;">levels between the<div style="display:inline-block;width:4.33px"> </div>time of trading and<div style="display:inline-block;width:4.31px"> </div>the time of valuation. Less liquid<div style="display:inline-block;width:5.02px"> </div>instruments are measured using </div><div id="a112600" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:376.6px;">discounted expected cash flows incorporating<div style="display:inline-block;width:1.19px"> </div>price data for<div style="display:inline-block;width:1.41px"> </div>instruments or indices with<div style="display:inline-block;width:1.16px"> </div>similar risk profiles. </div><div id="a112605" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:397px;">Fair value </div><div id="a112606" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:409.3px;">hierarchy </div><div id="a112608" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:397px;">–</div><div id="a112609" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:396.9px;"> </div><div id="a112610" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:397px;">Residential<div style="display:inline-block;width:6.29px"> </div>mortgage</div><div id="a112611" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:311.728px;top:397px;">-</div><div id="a112612" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:315.035px;top:397px;">backed<div style="display:inline-block;width:6.06px"> </div>securities</div><div id="a112613" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:390.302px;top:397px;">, </div><div id="a112614" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:398.808px;top:397px;">c</div><div id="a112615" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:403.062px;top:397px;">ommercial<div style="display:inline-block;width:6.18px"> </div>mortgage</div><div id="a112616" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:495.342px;top:397px;">-</div><div id="a112617" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:498.648px;top:397px;">backed<div style="display:inline-block;width:5.59px"> </div>securities</div><div id="a112618" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:573.875px;top:397px;"> </div><div id="a112619" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:579.555px;top:397px;">and<div style="display:inline-block;width:5.74px"> </div>other<div style="display:inline-block;width:6.22px"> </div>ABS<div style="display:inline-block;width:6.06px"> </div>are </div><div id="a112620" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:409.3px;">generally classified as Level 2. However, if significant inputs are unobservable, or if market or fundamental </div><div id="a112623" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:421.1px;">data is not available, they are<div style="display:inline-block;width:4.27px"> </div>classified as Level 3. </div><div id="a112627" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:441.2px;">Auction rate </div><div id="a112628" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:453px;">securities (ARS) </div><div id="a112632" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:441.4px;">Valuation </div><div id="a112634" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:441.4px;">–</div><div id="a112635" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:441.3px;"> </div><div id="a112636" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:441.4px;">ARS<div style="display:inline-block;width:5.11px"> </div>are<div style="display:inline-block;width:4.91px"> </div>valued<div style="display:inline-block;width:5.1px"> </div>utilizing<div style="display:inline-block;width:5.2px"> </div>a<div style="display:inline-block;width:4.97px"> </div>discounted<div style="display:inline-block;width:5.18px"> </div>cash<div style="display:inline-block;width:4.93px"> </div>flow<div style="display:inline-block;width:4.88px"> </div>methodology.<div style="display:inline-block;width:5.22px"> </div>The<div style="display:inline-block;width:4.88px"> </div>model<div style="display:inline-block;width:5.19px"> </div>captures<div style="display:inline-block;width:4.99px"> </div>interest<div style="display:inline-block;width:4.67px"> </div>rate<div style="display:inline-block;width:5.21px"> </div>risk </div><div id="a112640" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:453.2px;">emanating from the<div style="display:inline-block;width:4.11px"> </div>note coupon, credit risk<div style="display:inline-block;width:4.25px"> </div>attributable to the underlying<div style="display:inline-block;width:4.38px"> </div>closed-end fund<div style="display:inline-block;width:4.12px"> </div>investments, </div><div id="a112643" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:465.5px;">liquidity risk as a function of<div style="display:inline-block;width:4.23px"> </div>the level of trading volume in these<div style="display:inline-block;width:4.33px"> </div>positions, and extension risk<div style="display:inline-block;width:1.43px"> </div>,<div style="display:inline-block;width:2.44px"> </div>as ARS are </div><div id="a112651" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:477.4px;">perpetual instruments that require<div style="display:inline-block;width:4.19px"> </div>an assumption regarding their maturity<div style="display:inline-block;width:4.29px"> </div>or issuer redemption date.<div style="display:inline-block;width:3.24px"> </div></div><div id="a112655" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:497.7px;">Fair value </div><div id="a112656" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:509.5px;">hierarchy </div><div id="a112658" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:497.7px;">–</div><div id="a112659" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:497.6px;"> </div><div id="a112660" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:497.7px;">Granular and liquid<div style="display:inline-block;width:4.41px"> </div>pricing information is generally<div style="display:inline-block;width:4.47px"> </div>not available for ARS.<div style="display:inline-block;width:4.47px"> </div>As a result, these<div style="display:inline-block;width:4.22px"> </div>securities are </div><div id="a112663" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:509.5px;">classified as Level 3. </div><div id="a112667" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:532.9px;">Equity instruments </div><div id="a112669" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:533.2px;">Valuation </div><div id="a112671" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:533.2px;">–</div><div id="a112672" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:533.1px;"> </div><div id="a112673" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:533.2px;">Listed equity instruments are<div style="display:inline-block;width:4.11px"> </div>generally valued using prices obtained directly from<div style="display:inline-block;width:4.27px"> </div>the market. </div><div id="a112675" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:545px;">–</div><div id="a112676" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:544.9px;"> </div><div id="a112677" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:545px;">Unlisted equity<div style="display:inline-block;width:4.71px"> </div>holdings, including<div style="display:inline-block;width:4.6px"> </div>private equity<div style="display:inline-block;width:4.1px"> </div>positions, are<div style="display:inline-block;width:4.41px"> </div>initially marked<div style="display:inline-block;width:4.1px"> </div>at their<div style="display:inline-block;width:4.18px"> </div>transaction price </div><div id="a112678" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:557.3px;">and are<div style="display:inline-block;width:5.06px"> </div>revalued when<div style="display:inline-block;width:4.97px"> </div>reliable evidence<div style="display:inline-block;width:5.3px"> </div>of price<div style="display:inline-block;width:4.89px"> </div>movement becomes<div style="display:inline-block;width:4.81px"> </div>available or<div style="display:inline-block;width:4.96px"> </div>when the<div style="display:inline-block;width:4.63px"> </div>position<div style="display:inline-block;width:4.16px"> </div>is </div><div id="a112679" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:569.2px;">deemed to be impaired.<div style="display:inline-block;width:3.68px"> </div></div><div id="a112681" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:589.5px;">Fair value </div><div id="a112682" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:601.3px;">hierarchy </div><div id="a112684" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:589.5px;">–</div><div id="a112685" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:589.4px;"> </div><div id="a112686" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:589.5px;">The majority<div style="display:inline-block;width:5.28px"> </div>of equity<div style="display:inline-block;width:4.57px"> </div>securities are<div style="display:inline-block;width:4.68px"> </div>actively<div style="display:inline-block;width:4.12px"> </div>traded on<div style="display:inline-block;width:4.47px"> </div>public stock<div style="display:inline-block;width:4.64px"> </div>exchanges where<div style="display:inline-block;width:4.82px"> </div>quoted prices<div style="display:inline-block;width:5.02px"> </div>are </div><div id="a112687" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:601.3px;">readily and regularly available, resulting<div style="display:inline-block;width:4.14px"> </div>in Level 1 classification. </div><div id="a112691" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:613.6px;">–</div><div id="a112692" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:613.5px;"> </div><div id="a112693" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:613.6px;">Equity securities less actively traded<div style="display:inline-block;width:4.26px"> </div>will be classified as Level 2 and illiquid<div style="display:inline-block;width:4.17px"> </div>positions as Level 3. </div><div id="a112703" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:633.7px;">Financial assets for </div><div id="a112704" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:645.6px;">unit-linked </div><div id="a112707" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:657.4px;">investment </div><div id="a112708" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:669.7px;">contracts </div><div id="a112710" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:634px;">Valuation </div><div id="a112712" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:634px;">–</div><div id="a112713" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:633.9px;"> </div><div id="a112714" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:634px;">The majority of assets are listed on<div style="display:inline-block;width:4.39px"> </div>exchanges and fair values are determined using quoted<div style="display:inline-block;width:4.53px"> </div>prices. </div><div id="a112719" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:657.6px;">Fair value </div><div id="a112720" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:669.5px;">hierarchy </div><div id="a112722" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:657.6px;">–</div><div id="a112723" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:657.5px;"> </div><div id="a112724" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:657.6px;">Most assets are classified as<div style="display:inline-block;width:4.26px"> </div>Level 1 if actively traded, or Level 2 if trading is not active. </div><div id="a112730" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:669.5px;">–</div><div id="a112731" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:669.3px;"> </div><div id="a112732" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:669.5px;">Instruments for which prices are<div style="display:inline-block;width:4.42px"> </div>not readily available are classified as<div style="display:inline-block;width:4.22px"> </div>Level 3. </div><div id="a112737" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:693.3px;">Securities </div><div id="a112738" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:705.2px;">financing </div><div id="a112739" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:717px;">transactions </div><div id="a112741" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:693.6px;">Valuation </div><div id="a112743" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:693.6px;">–</div><div id="a112744" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:693.5px;"> </div><div id="a112745" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:693.6px;">These instruments are<div style="display:inline-block;width:4.42px"> </div>valued using discounted expected<div style="display:inline-block;width:4.13px"> </div>cash flow techniques. The<div style="display:inline-block;width:4.62px"> </div>discount rate applied </div><div id="a112746" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:705.4px;">is based on funding curves that<div style="display:inline-block;width:4.21px"> </div>are relevant to the collateral eligibility terms. </div><div id="a112748" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:729.1px;">Fair value </div><div id="a112749" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:740.9px;">hierarchy </div><div id="a112751" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:729.1px;">–</div><div id="a112752" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:729px;"> </div><div id="a112753" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:729.1px;">Collateral<div style="display:inline-block;width:4.18px"> </div>funding curves for<div style="display:inline-block;width:4.55px"> </div>these instruments<div style="display:inline-block;width:4.5px"> </div>are generally observable<div style="display:inline-block;width:4.5px"> </div>and, as<div style="display:inline-block;width:4.16px"> </div>a result,<div style="display:inline-block;width:4.35px"> </div>these positions </div><div id="a112755" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:740.9px;">are classified as Level 2. </div><div id="a112759" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:753.2px;">–</div><div id="a112760" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:753.1px;"> </div><div id="a112761" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:753.2px;">Where the collateral terms<div style="display:inline-block;width:1.22px"> </div>are non-standard, the funding curve<div style="display:inline-block;width:1.18px"> </div>may be considered unobservable<div style="display:inline-block;width:1.16px"> </div>and these </div><div id="a112764" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:765px;">positions are classified as Level 3. </div><div id="a112768" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:785.1px;">Brokerage </div><div id="a112769" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:797px;">receivables and </div><div id="a112770" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:809.3px;">payables </div><div id="a112772" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:785.4px;">Valuation </div><div id="a112774" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:785.4px;">–</div><div id="a112775" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:785.3px;"> </div><div id="a112776" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:785.4px;">Fair value is determined based on<div style="display:inline-block;width:4.38px"> </div>the value of the underlying balances. </div><div id="a112779" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:809px;">Fair value </div><div id="a112780" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:820.8px;">hierarchy </div><div id="a112782" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:809px;">–</div><div id="a112783" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:808.9px;"> </div><div id="a112784" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:809px;">Due to their on-demand nature,<div style="display:inline-block;width:4.45px"> </div>these receivables and payables are deemed as Level<div style="display:inline-block;width:4.44px"> </div>2.</div></div><div id="TextBlockContainer600" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:673px;height:68px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a112833" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Product </div><div id="a112835" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:122.475px;top:0px;">Valuation and<div style="display:inline-block;width:4.4px"> </div>classification in the fair value hierarchy </div><div id="a112837" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:21.8px;">Financial liabilities </div><div id="a112838" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:33.6px;">related to unit-</div><div id="a112842" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:45.9px;">linked investment </div><div id="a112843" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:57.7px;">contracts </div><div id="a112845" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:122.475px;top:22px;">Valuation </div><div id="a112847" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:217.555px;top:22px;">–</div><div id="a112848" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:222.755px;top:21.9px;"> </div><div id="a112849" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:228.942px;top:22px;">The<div style="display:inline-block;width:4.41px"> </div>fair values<div style="display:inline-block;width:4.81px"> </div>of investment<div style="display:inline-block;width:5.44px"> </div>contract liabilities<div style="display:inline-block;width:5.6px"> </div>are determined<div style="display:inline-block;width:5.14px"> </div>by reference<div style="display:inline-block;width:5.65px"> </div>to the<div style="display:inline-block;width:5.1px"> </div>fair<div style="display:inline-block;width:4.18px"> </div>value of<div style="display:inline-block;width:5.12px"> </div>the </div><div id="a112851" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:228.942px;top:33.8px;">corresponding assets. </div></div><div id="TextBlockContainer602" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:691px;height:859px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a112853" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:133.352px;top:0px;">Fair value </div><div id="a112854" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:133.352px;top:11.8px;">hierarchy </div><div id="a112856" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:228.432px;top:0px;">–</div><div id="a112857" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:233.632px;top:-0.1px;"> </div><div id="a112858" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:239.819px;top:0px;">The<div style="display:inline-block;width:4.88px"> </div>liabilities<div style="display:inline-block;width:4.33px"> </div>themselves<div style="display:inline-block;width:4.73px"> </div>are<div style="display:inline-block;width:4.44px"> </div>not actively<div style="display:inline-block;width:5.92px"> </div>traded,<div style="display:inline-block;width:4.3px"> </div>but<div style="display:inline-block;width:4.56px"> </div>are<div style="display:inline-block;width:4.44px"> </div>mainly<div style="display:inline-block;width:4.1px"> </div>referenced<div style="display:inline-block;width:4.78px"> </div>to<div style="display:inline-block;width:4.41px"> </div>instruments<div style="display:inline-block;width:4.72px"> </div>that<div style="display:inline-block;width:4.18px"> </div>are </div><div id="a112861" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:239.819px;top:11.8px;">actively traded and are therefore classified<div style="display:inline-block;width:4.41px"> </div>as Level 2. </div><div id="a112865" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:35.2px;">Precious metals and </div><div id="a112866" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:47.6px;">other physical </div><div id="a112868" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:59.4px;">commodities </div><div id="a112870" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:133.352px;top:35.5px;">Valuation </div><div id="a112872" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:228.432px;top:35.5px;">–</div><div id="a112873" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:233.632px;top:35.4px;"> </div><div id="a112874" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:239.819px;top:35.5px;">Physical assets are valued using the<div style="display:inline-block;width:4.49px"> </div>spot rate observed in the relevant market<div style="display:inline-block;width:1.46px"> </div>. </div><div id="a112879" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:133.352px;top:59.1px;">Fair value </div><div id="a112880" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:133.352px;top:71.4px;">hierarchy </div><div id="a112882" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:228.432px;top:59.1px;">–</div><div id="a112883" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:233.632px;top:59px;"> </div><div id="a112884" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:239.819px;top:59.1px;">Generally traded in active markets<div style="display:inline-block;width:1.2px"> </div>with prices that can<div style="display:inline-block;width:0.86px"> </div>be obtained directly from<div style="display:inline-block;width:1.14px"> </div>these markets, resulting </div><div id="a112885" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:239.819px;top:71.4px;">in classification as Level 1. </div><div id="a112888" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:94.9px;">Debt issued </div><div id="a112889" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:106.7px;">designated at fair </div><div id="a112890" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:118.5px;">value </div><div id="a112892" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:133.352px;top:95.1px;">Valuation </div><div id="a112894" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:228.432px;top:95.1px;">–</div><div id="a112895" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:233.632px;top:95px;"> </div><div id="a112896" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:239.819px;top:95.1px;">The risk management<div style="display:inline-block;width:4.4px"> </div>and the valuation<div style="display:inline-block;width:4.17px"> </div>approaches for<div style="display:inline-block;width:4.37px"> </div>these instruments are<div style="display:inline-block;width:4.19px"> </div>closely aligned with<div style="display:inline-block;width:4.24px"> </div>the </div><div id="a112905" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:239.819px;top:106.9px;">equivalent<div style="display:inline-block;width:5.12px"> </div>derivatives<div style="display:inline-block;width:5.08px"> </div>business<div style="display:inline-block;width:4.39px"> </div>and<div style="display:inline-block;width:4.8px"> </div>the<div style="display:inline-block;width:4.65px"> </div>underlying<div style="display:inline-block;width:4.95px"> </div>risk,<div style="display:inline-block;width:4.28px"> </div>and<div style="display:inline-block;width:4.79px"> </div>the<div style="display:inline-block;width:4.65px"> </div>valuation<div style="display:inline-block;width:4.88px"> </div>techniques<div style="display:inline-block;width:4.79px"> </div>used<div style="display:inline-block;width:4.71px"> </div>for<div style="display:inline-block;width:4.41px"> </div>this </div><div id="a112910" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:239.819px;top:118.7px;">component are the same a<div style="display:inline-block;width:1.48px"> </div>s<div style="display:inline-block;width:2.76px"> </div>the relevant valuation techniques described below. </div><div id="a112916" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:133.352px;top:148.1px;">Fair value </div><div id="a112917" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:133.352px;top:160.4px;">hierarchy </div><div id="a112919" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:228.432px;top:148.1px;">–</div><div id="a112920" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:233.632px;top:148px;"> </div><div id="a112921" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:239.819px;top:148.1px;">The observability is closely aligned with<div style="display:inline-block;width:4.39px"> </div>the equivalent derivatives business and the underlying<div style="display:inline-block;width:4.82px"> </div>risk. </div><div id="a112930" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:179.6px;"> </div><div id="a112931" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:bold;font-style:normal;color:#E60000;left:3.679px;top:210.1px;">Derivative instruments: valuation<div style="display:inline-block;width:5.5px"> </div>and classification in the fair<div style="display:inline-block;width:5.24px"> </div>value hierarchy </div><div id="a112937" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:233.1px;">The curves used for discounting<div style="display:inline-block;width:2.31px"> </div>expected cash flows in<div style="display:inline-block;width:1.82px"> </div>the valuation of collateralized<div style="display:inline-block;width:2.1px"> </div>derivatives reflect the funding terms </div><div id="a112938" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:248.7px;">associated with the relevant collateral arrangement for the instrument being valued. These collateral arrangements differ </div><div id="a112939" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:263.8px;">across<div style="display:inline-block;width:7.75px"> </div>counterparties<div style="display:inline-block;width:7.98px"> </div>with<div style="display:inline-block;width:7.62px"> </div>respect<div style="display:inline-block;width:8.02px"> </div>to<div style="display:inline-block;width:7.62px"> </div>the<div style="display:inline-block;width:7.62px"> </div>eligible<div style="display:inline-block;width:8.03px"> </div>currency </div><div id="a112940" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:364.259px;top:263.8px;">and</div><div id="a112941" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:386.006px;top:263.8px;"> </div><div id="a112942" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:393.606px;top:263.8px;">interest<div style="display:inline-block;width:7.97px"> </div>terms<div style="display:inline-block;width:8.1px"> </div>of<div style="display:inline-block;width:7.62px"> </div>the<div style="display:inline-block;width:7.62px"> </div>collateral.<div style="display:inline-block;width:7.52px"> </div>The<div style="display:inline-block;width:7.77px"> </div>majority<div style="display:inline-block;width:7.84px"> </div>of </div><div id="a112943" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:279px;">collateralized derivatives are<div style="display:inline-block;width:5.58px"> </div>measured using a discount<div style="display:inline-block;width:5.9px"> </div>curve based on funding<div style="display:inline-block;width:5.82px"> </div>rates derived from overnight interest<div style="display:inline-block;width:5.64px"> </div>in </div><div id="a112945" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:294.6px;">the cheapest eligible currency for the<div style="display:inline-block;width:5.06px"> </div>respective counterparty<div style="display:inline-block;width:5.24px"> </div>collateral agreement. </div><div id="a112947" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:317.3px;">Uncollateralized and<div style="display:inline-block;width:6.29px"> </div>partially collateralized<div style="display:inline-block;width:5.85px"> </div>derivatives are<div style="display:inline-block;width:5.67px"> </div>discounted<div style="display:inline-block;width:5.55px"> </div>using the<div style="display:inline-block;width:5.5px"> </div>alternative reference<div style="display:inline-block;width:5.36px"> </div>rate (the<div style="display:inline-block;width:6.19px"> </div>ARR) (or </div><div id="a112953" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:332.4px;">equivalent)<div style="display:inline-block;width:5.35px"> </div>curve for<div style="display:inline-block;width:6.26px"> </div>the<div style="display:inline-block;width:5.25px"> </div>currency of<div style="display:inline-block;width:6.5px"> </div>the<div style="display:inline-block;width:5.25px"> </div>instrument.<div style="display:inline-block;width:5.24px"> </div>As<div style="display:inline-block;width:5.4px"> </div>described<div style="display:inline-block;width:5.4px"> </div>in<div style="display:inline-block;width:5.08px"> </div>Note<div style="display:inline-block;width:5.4px"> </div>20d,<div style="display:inline-block;width:5.04px"> </div>the fair<div style="display:inline-block;width:5.92px"> </div>value<div style="display:inline-block;width:5.14px"> </div>of<div style="display:inline-block;width:5.25px"> </div>uncollateralized<div style="display:inline-block;width:5.36px"> </div>and </div><div id="a112962" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:348px;">partially<div style="display:inline-block;width:5.06px"> </div>collateralized derivatives<div style="display:inline-block;width:6.75px"> </div>is<div style="display:inline-block;width:5.15px"> </div>then adjusted<div style="display:inline-block;width:6.43px"> </div>by<div style="display:inline-block;width:5.39px"> </div>credit<div style="display:inline-block;width:5.03px"> </div>valuation<div style="display:inline-block;width:5.24px"> </div>adjustments<div style="display:inline-block;width:5.34px"> </div>(CVAs),<div style="display:inline-block;width:5.73px"> </div>debit valuation<div style="display:inline-block;width:5.97px"> </div>adjustments </div><div id="a112968" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:363.2px;">(DVAs)<div style="display:inline-block;width:5.43px"> </div>and<div style="display:inline-block;width:5.13px"> </div>funding valuation<div style="display:inline-block;width:6.1px"> </div>adjustments (<div style="display:inline-block;width:1.42px"> </div>FVAs),<div style="display:inline-block;width:5.17px"> </div>as applicable,<div style="display:inline-block;width:6.5px"> </div>to reflect<div style="display:inline-block;width:6.25px"> </div>an estimation<div style="display:inline-block;width:6.71px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>effect of<div style="display:inline-block;width:6.35px"> </div>counterparty </div><div id="a112979" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:378.3px;">credit risk, UBS’s own credit risk, and<div style="display:inline-block;width:5.4px"> </div>funding costs and benefits. </div><div id="a112984" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:18.812px;top:390.5px;">›</div><div id="a112985" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:24.014px;top:390.7px;"> </div><div id="a112986" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:30.194px;top:395.3px;">Refer to Note 10<div style="display:inline-block;width:1.6px"> </div>for more information<div style="display:inline-block;width:1.18px"> </div>about derivative<div style="display:inline-block;width:1.5px"> </div>instruments </div><div id="a112998" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:408.6px;"> </div><div id="a112999" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:429.3px;">Derivative product </div><div id="a113001" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:125.752px;top:429.3px;">Valuation and<div style="display:inline-block;width:4.4px"> </div>classification in the fair value hierarchy </div><div id="a113003" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:451.1px;">Interest rate </div><div id="a113004" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:462.9px;">contracts </div><div id="a113006" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:125.752px;top:451.3px;">Valuation </div><div id="a113008" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.192px;top:451.3px;">–</div><div id="a113009" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.392px;top:451.2px;"> </div><div id="a113010" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:451.3px;">Interest rate swap contracts are valued by estimating future interest cash flows and discounting those cash </div><div id="a113011" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:463.2px;">flows using<div style="display:inline-block;width:5.41px"> </div>a rate<div style="display:inline-block;width:4.58px"> </div>that reflects<div style="display:inline-block;width:4.84px"> </div>the appropriate<div style="display:inline-block;width:5.44px"> </div>funding rate<div style="display:inline-block;width:4.79px"> </div>for the<div style="display:inline-block;width:4.41px"> </div>position<div style="display:inline-block;width:4.16px"> </div>being<div style="display:inline-block;width:4.16px"> </div>measured. The<div style="display:inline-block;width:4.97px"> </div>yield </div><div id="a113012" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:475.5px;">curves used<div style="display:inline-block;width:4.33px"> </div>to estimate<div style="display:inline-block;width:4.1px"> </div>future index levels<div style="display:inline-block;width:4.45px"> </div>and discount<div style="display:inline-block;width:4.46px"> </div>rates are generated<div style="display:inline-block;width:4.51px"> </div>using market-standard<div style="display:inline-block;width:4.65px"> </div>yield </div><div id="a113016" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:487.3px;">curve models using interest rates associated<div style="display:inline-block;width:4.49px"> </div>with current market activity. The key<div style="display:inline-block;width:4.12px"> </div>inputs to the models are </div><div id="a113017" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:499.1px;">interest rate<div style="display:inline-block;width:4.29px"> </div>swap rates, forward<div style="display:inline-block;width:4.26px"> </div>rate agreement<div style="display:inline-block;width:4.19px"> </div>rates, short-term interest<div style="display:inline-block;width:4.67px"> </div>rate futures prices, basis<div style="display:inline-block;width:4.98px"> </div>swap </div><div id="a113024" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:511.4px;">spreads and inflation swap rates. </div><div id="a113026" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.192px;top:523.3px;">–</div><div id="a113027" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.392px;top:523.2px;"> </div><div id="a113028" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:523.3px;">Interest rate<div style="display:inline-block;width:4.76px"> </div>option contracts<div style="display:inline-block;width:4.32px"> </div>are valued<div style="display:inline-block;width:4.35px"> </div>using various<div style="display:inline-block;width:4.39px"> </div>market-standard option<div style="display:inline-block;width:4.9px"> </div>models, using<div style="display:inline-block;width:4.38px"> </div>inputs that </div><div id="a113031" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:535.1px;">include interest rate yield curves,<div style="display:inline-block;width:4.12px"> </div>inflation curves, volatilities and correlations. </div><div id="a113033" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.192px;top:547.4px;">–</div><div id="a113034" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.392px;top:547.3px;"> </div><div id="a113035" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:547.4px;">When the maturity of an interest rate swap or option contract<div style="display:inline-block;width:0.94px"> </div>exceeds the term for which standard market </div><div id="a113036" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:559.2px;">quotes are observable for a significant input parameter, the contracts are valued by extrapolation<div style="display:inline-block;width:4.53px"> </div>from the </div><div id="a113037" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:571.5px;">last observable point using<div style="display:inline-block;width:4.21px"> </div>standard assumptions or by reference to<div style="display:inline-block;width:4.18px"> </div>another observable comparable input </div><div id="a113039" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:583.3px;">parameter to represent a<div style="display:inline-block;width:4.22px"> </div>suitable proxy for that portion of the term. </div><div id="a113041" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:125.752px;top:603.7px;">Fair value </div><div id="a113042" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:125.752px;top:615.5px;">hierarchy </div><div id="a113044" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.192px;top:603.7px;">–</div><div id="a113045" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.392px;top:603.6px;"> </div><div id="a113046" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:603.7px;">The majority of interest rate swaps are classified as Level 2,<div style="display:inline-block;width:3.27px"> </div>as the standard market contracts that form the </div><div id="a113054" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:615.5px;">inputs for yield curve models are<div style="display:inline-block;width:4.18px"> </div>generally traded in active and observable<div style="display:inline-block;width:4.15px"> </div>markets. </div><div id="a113056" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.192px;top:627.8px;">–</div><div id="a113057" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.392px;top:627.7px;"> </div><div id="a113058" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:627.8px;">Options are generally treated as Level 2,<div style="display:inline-block;width:0.87px"> </div>as the calibration process enables<div style="display:inline-block;width:1.25px"> </div>the model output to<div style="display:inline-block;width:0.91px"> </div>be validated </div><div id="a113064" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:639.6px;">to active-market levels. Models calibrated<div style="display:inline-block;width:1.08px"> </div>in this way are<div style="display:inline-block;width:0.88px"> </div>then used to<div style="display:inline-block;width:1.31px"> </div>revalue the portfolio of<div style="display:inline-block;width:0.87px"> </div>both standard </div><div id="a113067" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:651.5px;">options and more exotic products. </div><div id="a113069" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.192px;top:663.8px;">–</div><div id="a113070" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.392px;top:663.7px;"> </div><div id="a113071" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:663.8px;">Interest<div style="display:inline-block;width:4.2px"> </div>rate swap<div style="display:inline-block;width:4.49px"> </div>or option<div style="display:inline-block;width:4.79px"> </div>contracts are<div style="display:inline-block;width:4.81px"> </div>classified as<div style="display:inline-block;width:4.8px"> </div>Level 3 when<div style="display:inline-block;width:4.83px"> </div>the terms<div style="display:inline-block;width:4.25px"> </div>exceed standard<div style="display:inline-block;width:4.98px"> </div>market-</div><div id="a113080" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:675.6px;">observable quotes. </div><div id="a113082" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.192px;top:687.4px;">–</div><div id="a113083" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.392px;top:687.3px;"> </div><div id="a113084" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:687.4px;">Exotic options for which appropriate volatility or correlation input levels cannot be implied from observable </div><div id="a113085" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:699.7px;">market data are classified as Level<div style="display:inline-block;width:4.47px"> </div>3. </div><div id="a113089" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:719.8px;">Credit derivative </div><div id="a113091" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:731.6px;">contracts </div><div id="a113093" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:125.752px;top:720.1px;">Valuation </div><div id="a113095" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.192px;top:720.1px;">–</div><div id="a113096" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.392px;top:719.9px;"> </div><div id="a113097" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:720.1px;">Credit<div style="display:inline-block;width:4.51px"> </div>derivative<div style="display:inline-block;width:4.66px"> </div>contracts<div style="display:inline-block;width:4.42px"> </div>are<div style="display:inline-block;width:4.44px"> </div>valued<div style="display:inline-block;width:4.09px"> </div>using<div style="display:inline-block;width:4.32px"> </div>industry-standard<div style="display:inline-block;width:4.89px"> </div>models<div style="display:inline-block;width:4.17px"> </div>based<div style="display:inline-block;width:4.48px"> </div>primarily<div style="display:inline-block;width:4.27px"> </div>on market<div style="display:inline-block;width:6.07px"> </div>credit </div><div id="a113100" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:731.9px;">spreads, upfront<div style="display:inline-block;width:4.11px"> </div>pricing points and<div style="display:inline-block;width:4.22px"> </div>implied recovery rates.<div style="display:inline-block;width:4.13px"> </div>Where a derivative<div style="display:inline-block;width:4.53px"> </div>credit spread is not directly </div><div id="a113101" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:743.7px;">available, it may be derived from<div style="display:inline-block;width:4.16px"> </div>the price of the reference cash bond.<div style="display:inline-block;width:3.64px"> </div></div><div id="a113105" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.192px;top:756px;">–</div><div id="a113106" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.392px;top:755.9px;"> </div><div id="a113107" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:756px;">Asset-backed<div style="display:inline-block;width:4.76px"> </div>credit derivatives<div style="display:inline-block;width:5.24px"> </div>are valued<div style="display:inline-block;width:5.3px"> </div>using a<div style="display:inline-block;width:5.1px"> </div>valuation<div style="display:inline-block;width:4.41px"> </div>technique similar<div style="display:inline-block;width:5.35px"> </div>to that<div style="display:inline-block;width:5.36px"> </div>of the<div style="display:inline-block;width:4.88px"> </div>underlying </div><div id="a113110" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:767.9px;">security with an adjustment to reflect<div style="display:inline-block;width:4.12px"> </div>the funding differences between<div style="display:inline-block;width:4.18px"> </div>cash and synthetic form. </div><div id="a113113" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:125.752px;top:788.2px;">Fair value </div><div id="a113114" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:125.752px;top:800px;">hierarchy </div><div id="a113116" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.192px;top:788.2px;">–</div><div id="a113117" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.392px;top:788.1px;"> </div><div id="a113118" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:788.2px;">Single-entity<div style="display:inline-block;width:4.85px"> </div>and<div style="display:inline-block;width:4.8px"> </div>portfolio<div style="display:inline-block;width:4.72px"> </div>credit<div style="display:inline-block;width:4.36px"> </div>derivative<div style="display:inline-block;width:4.66px"> </div>contracts<div style="display:inline-block;width:4.42px"> </div>are<div style="display:inline-block;width:4.44px"> </div>classified<div style="display:inline-block;width:4.57px"> </div>as<div style="display:inline-block;width:4.41px"> </div>Level 2<div style="display:inline-block;width:4.99px"> </div>when<div style="display:inline-block;width:4.16px"> </div>credit<div style="display:inline-block;width:4.36px"> </div>spreads<div style="display:inline-block;width:4.58px"> </div>and </div><div id="a113123" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:800px;">recovery rates are determined from actively<div style="display:inline-block;width:0.97px"> </div>traded observable market data. Where the<div style="display:inline-block;width:0.95px"> </div>underlying reference </div><div id="a113124" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:812.3px;">name(s) are<div style="display:inline-block;width:4.51px"> </div>not actively traded<div style="display:inline-block;width:4.89px"> </div>and the<div style="display:inline-block;width:4.32px"> </div>correlation cannot<div style="display:inline-block;width:4.27px"> </div>be directly mapped<div style="display:inline-block;width:4.66px"> </div>to actively traded<div style="display:inline-block;width:5.22px"> </div>tranche </div><div id="a113125" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:824.2px;">instruments, these contracts are<div style="display:inline-block;width:4.1px"> </div>classified as Level 3.<div style="display:inline-block;width:3.25px"> </div></div><div id="a113130" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.192px;top:836.5px;">–</div><div id="a113131" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.392px;top:836.3px;"> </div><div id="a113132" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:836.5px;">Asset-backed<div style="display:inline-block;width:5.71px"> </div>credit<div style="display:inline-block;width:4.84px"> </div>derivatives<div style="display:inline-block;width:5.06px"> </div>follow<div style="display:inline-block;width:4.72px"> </div>the<div style="display:inline-block;width:5.12px"> </div>characteristics<div style="display:inline-block;width:4.83px"> </div>of<div style="display:inline-block;width:4.88px"> </div>the<div style="display:inline-block;width:5.12px"> </div>underlying<div style="display:inline-block;width:4.95px"> </div>security<div style="display:inline-block;width:4.9px"> </div>and<div style="display:inline-block;width:4.8px"> </div>are<div style="display:inline-block;width:4.91px"> </div>therefore </div><div id="a113135" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:848.3px;">distributed across Level 2 and<div style="display:inline-block;width:4.16px"> </div>Level 3.</div></div><div id="TextBlockContainer604" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:673px;height:128px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a113182" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Derivative product </div><div id="a113184" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:115.342px;top:0px;">Valuation and<div style="display:inline-block;width:4.4px"> </div>classification in the fair value hierarchy </div><div id="a113186" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:21.8px;">Foreign exchange </div><div id="a113187" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:33.6px;">contracts </div><div id="a113189" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:115.342px;top:22px;">Valuation </div><div id="a113191" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:204.795px;top:22px;">–</div><div id="a113192" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:209.995px;top:21.9px;"> </div><div id="a113193" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:216.142px;top:22px;">Open spot foreign exchange<div style="display:inline-block;width:4.26px"> </div>(FX) contracts are valued using the FX spot rate observed<div style="display:inline-block;width:4.25px"> </div>in the market. </div><div id="a113200" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:204.795px;top:33.8px;">–</div><div id="a113201" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:209.995px;top:33.7px;"> </div><div id="a113202" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:216.142px;top:33.8px;">Forward FX contracts are<div style="display:inline-block;width:4.24px"> </div>valued using the FX spot rate<div style="display:inline-block;width:4.62px"> </div>adjusted for forward pricing points<div style="display:inline-block;width:4.63px"> </div>observed from </div><div id="a113203" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:216.142px;top:46.1px;">standard market-based<div style="display:inline-block;width:4.25px"> </div>sources. </div><div id="a113207" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:204.795px;top:58px;">–</div><div id="a113208" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:209.995px;top:57.9px;"> </div><div id="a113209" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:216.142px;top:58px;">Over-the-counter<div style="display:inline-block;width:4.36px"> </div>(OTC)<div style="display:inline-block;width:3.61px"> </div>FX option<div style="display:inline-block;width:5.03px"> </div>contracts are<div style="display:inline-block;width:5.15px"> </div>valued<div style="display:inline-block;width:4.2px"> </div>using market-standard<div style="display:inline-block;width:5.47px"> </div>option valuation<div style="display:inline-block;width:5.25px"> </div>models. </div><div id="a113222" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:216.142px;top:69.8px;">The models<div style="display:inline-block;width:4.4px"> </div>used for shorter-dated<div style="display:inline-block;width:4.48px"> </div>options (i.e.,<div style="display:inline-block;width:4.31px"> </div>maturities of five<div style="display:inline-block;width:4.5px"> </div>years or less)<div style="display:inline-block;width:4.18px"> </div>tend to be<div style="display:inline-block;width:4.55px"> </div>different than </div><div id="a113225" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:216.142px;top:82.1px;">those used for longer-dated options because the models<div style="display:inline-block;width:1.38px"> </div>needed for longer-dated OTC FX<div style="display:inline-block;width:1.09px"> </div>contracts require </div><div id="a113231" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:216.142px;top:93.9px;">additional consideration of<div style="display:inline-block;width:4.14px"> </div>interest rate and FX rate interdependency. </div><div id="a113233" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:204.795px;top:105.8px;">–</div><div id="a113234" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:209.995px;top:105.7px;"> </div><div id="a113235" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:216.142px;top:105.8px;">The valuation for multi-dimensional FX options uses a multi-local volatility model, which is<div style="display:inline-block;width:1.19px"> </div>calibrated to the </div><div id="a113240" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:216.142px;top:118.1px;">observed FX volatilities for all relevant<div style="display:inline-block;width:4.44px"> </div>FX pairs. </div></div><div id="TextBlockContainer606" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:691px;height:719px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a113242" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.219px;top:0px;">Fair value </div><div id="a113244" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.219px;top:11.8px;">hierarchy </div><div id="a113246" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.672px;top:0px;">–</div><div id="a113247" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.872px;top:-0.1px;"> </div><div id="a113248" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:0px;">The<div style="display:inline-block;width:5.35px"> </div>markets<div style="display:inline-block;width:4.66px"> </div>for<div style="display:inline-block;width:4.89px"> </div>FX<div style="display:inline-block;width:4.66px"> </div>spot<div style="display:inline-block;width:4.48px"> </div>and<div style="display:inline-block;width:4.8px"> </div>FX<div style="display:inline-block;width:4.66px"> </div>forward<div style="display:inline-block;width:4.83px"> </div>pricing<div style="display:inline-block;width:4.88px"> </div>points<div style="display:inline-block;width:4.79px"> </div>are<div style="display:inline-block;width:5.1px"> </div>both<div style="display:inline-block;width:4.71px"> </div>actively<div style="display:inline-block;width:4.59px"> </div>traded<div style="display:inline-block;width:5.04px"> </div>and<div style="display:inline-block;width:4.8px"> </div>observable<div style="display:inline-block;width:4.88px"> </div>and </div><div id="a113251" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:11.8px;">therefore such FX contracts are generally<div style="display:inline-block;width:4.34px"> </div>classified as Level 2.<div style="display:inline-block;width:3.21px"> </div></div><div id="a113257" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.672px;top:23.7px;">–</div><div id="a113258" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.872px;top:23.5px;"> </div><div id="a113259" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:23.7px;">A significant<div style="display:inline-block;width:4.8px"> </div>proportion of<div style="display:inline-block;width:4.33px"> </div>OTC FX option<div style="display:inline-block;width:4.79px"> </div>contracts are<div style="display:inline-block;width:4.21px"> </div>classified as Level<div style="display:inline-block;width:4.45px"> </div>2 as inputs<div style="display:inline-block;width:4.31px"> </div>are derived<div style="display:inline-block;width:4.83px"> </div>mostly </div><div id="a113262" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:35.9px;">from standard market<div style="display:inline-block;width:4.14px"> </div>contracts traded in active and observable markets. </div><div id="a113264" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.672px;top:47.8px;">–</div><div id="a113265" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.872px;top:47.7px;"> </div><div id="a113266" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:47.8px;">OTC FX option contracts<div style="display:inline-block;width:1.25px"> </div>classified as Level 3 include<div style="display:inline-block;width:1.3px"> </div>multi-dimensional FX options and long-dated FX<div style="display:inline-block;width:0.69px"> </div>exotic </div><div id="a113273" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:60.1px;">option contracts where<div style="display:inline-block;width:4.1px"> </div>there is no active market from which to derive<div style="display:inline-block;width:4.28px"> </div>volatility or correlation inputs. </div><div id="a113276" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:79.7px;">Equity / index </div><div id="a113277" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:92px;">contracts </div><div id="a113279" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.219px;top:80px;">Valuation </div><div id="a113281" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.672px;top:80px;">–</div><div id="a113282" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.872px;top:79.9px;"> </div><div id="a113283" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:80px;">Equity<div style="display:inline-block;width:4.33px"> </div>forward contracts<div style="display:inline-block;width:5.07px"> </div>have a<div style="display:inline-block;width:5.04px"> </div>single stock<div style="display:inline-block;width:5.27px"> </div>or index<div style="display:inline-block;width:4.56px"> </div>underlying and<div style="display:inline-block;width:5.09px"> </div>are<div style="display:inline-block;width:4.44px"> </div>valued using<div style="display:inline-block;width:4.7px"> </div>market-standard </div><div id="a113286" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:92.3px;">models. The key<div style="display:inline-block;width:4.4px"> </div>inputs to the<div style="display:inline-block;width:4.55px"> </div>models are stock<div style="display:inline-block;width:4.19px"> </div>prices, estimated dividend<div style="display:inline-block;width:4.64px"> </div>rates and equity<div style="display:inline-block;width:4.48px"> </div>funding rates </div><div id="a113287" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:104.1px;">(which are implied from prices of forward contracts observed in the market). Estimated cash<div style="display:inline-block;width:1.34px"> </div>flows are then </div><div id="a113289" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:116.4px;">discounted using<div style="display:inline-block;width:4.37px"> </div>market-standard discounted cash<div style="display:inline-block;width:4.71px"> </div>flow models using a<div style="display:inline-block;width:4.38px"> </div>rate that reflects the<div style="display:inline-block;width:4.45px"> </div>appropriate </div><div id="a113292" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:128.2px;">funding rate for that portion of<div style="display:inline-block;width:1.38px"> </div>the portfolio. When no market<div style="display:inline-block;width:1.23px"> </div>data is available for the<div style="display:inline-block;width:0.62px"> </div>instrument maturity, </div><div id="a113294" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:140px;">they are<div style="display:inline-block;width:5.7px"> </div>valued<div style="display:inline-block;width:4.09px"> </div>by extrapolation<div style="display:inline-block;width:5.35px"> </div>of available<div style="display:inline-block;width:5.44px"> </div>data, use<div style="display:inline-block;width:5.35px"> </div>of historical<div style="display:inline-block;width:5.28px"> </div>dividend data,<div style="display:inline-block;width:5.1px"> </div>or use<div style="display:inline-block;width:5.27px"> </div>of data<div style="display:inline-block;width:5.12px"> </div>for a </div><div id="a113295" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:152.3px;">related equity.<div style="display:inline-block;width:3.36px"> </div></div><div id="a113297" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.672px;top:164.2px;">–</div><div id="a113298" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.872px;top:164.1px;"> </div><div id="a113299" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:164.2px;">Equity option contracts are valued using market-standard<div style="display:inline-block;width:4.61px"> </div>models that estimate the equity forward level as </div><div id="a113302" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:176px;">described<div style="display:inline-block;width:5.59px"> </div>for<div style="display:inline-block;width:4.92px"> </div>equity<div style="display:inline-block;width:5.28px"> </div>forward<div style="display:inline-block;width:5.3px"> </div>contracts<div style="display:inline-block;width:4.89px"> </div>and<div style="display:inline-block;width:5.27px"> </div>incorporate<div style="display:inline-block;width:5.35px"> </div>inputs<div style="display:inline-block;width:4.79px"> </div>for<div style="display:inline-block;width:5.36px"> </div>stock<div style="display:inline-block;width:4.89px"> </div>volatility<div style="display:inline-block;width:4.98px"> </div>and<div style="display:inline-block;width:5.27px"> </div>for<div style="display:inline-block;width:4.89px"> </div>correlation </div><div id="a113304" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:188.3px;">between<div style="display:inline-block;width:5.59px"> </div>stocks<div style="display:inline-block;width:4.81px"> </div>within<div style="display:inline-block;width:5.19px"> </div>a<div style="display:inline-block;width:4.97px"> </div>basket.<div style="display:inline-block;width:5.12px"> </div>The<div style="display:inline-block;width:4.88px"> </div>probability-weighted<div style="display:inline-block;width:5.75px"> </div>expected<div style="display:inline-block;width:4.97px"> </div>option<div style="display:inline-block;width:5.02px"> </div>payoff<div style="display:inline-block;width:5.3px"> </div>generated<div style="display:inline-block;width:5.19px"> </div>is<div style="display:inline-block;width:4.81px"> </div>then </div><div id="a113307" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:200.1px;">discounted<div style="display:inline-block;width:7.07px"> </div>using<div style="display:inline-block;width:6.21px"> </div>market-standard<div style="display:inline-block;width:6.82px"> </div>discounted<div style="display:inline-block;width:7.07px"> </div>cash<div style="display:inline-block;width:6.3px"> </div>flow<div style="display:inline-block;width:6.3px"> </div>models<div style="display:inline-block;width:6.53px"> </div>applying<div style="display:inline-block;width:6.77px"> </div>a<div style="display:inline-block;width:6.38px"> </div>rate<div style="display:inline-block;width:6.15px"> </div>that<div style="display:inline-block;width:6.54px"> </div>reflects<div style="display:inline-block;width:6.26px"> </div>the </div><div id="a113311" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:212.4px;">appropriate funding rate for that portion of the portfolio. When volatility, forward or correlation inputs are </div><div id="a113312" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:224.3px;">not<div style="display:inline-block;width:5.04px"> </div>available,<div style="display:inline-block;width:4.81px"> </div>they<div style="display:inline-block;width:4.5px"> </div>are<div style="display:inline-block;width:4.91px"> </div>valued<div style="display:inline-block;width:5.04px"> </div>using<div style="display:inline-block;width:4.32px"> </div>extrapolation<div style="display:inline-block;width:5.27px"> </div>of<div style="display:inline-block;width:4.41px"> </div>available<div style="display:inline-block;width:5.2px"> </div>data,<div style="display:inline-block;width:4.49px"> </div>historical<div style="display:inline-block;width:5.04px"> </div>dividend,<div style="display:inline-block;width:4.87px"> </div>correlation<div style="display:inline-block;width:4.59px"> </div>or </div><div id="a113313" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:236.1px;">volatility data, or the equivalent<div style="display:inline-block;width:4.12px"> </div>data for a related equity. </div><div id="a113317" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.219px;top:256.4px;">Fair value </div><div id="a113318" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.219px;top:268.7px;">hierarchy </div><div id="a113320" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.672px;top:256.4px;">–</div><div id="a113321" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.872px;top:256.3px;"> </div><div id="a113322" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:256.4px;">As inputs<div style="display:inline-block;width:4.31px"> </div>are derived<div style="display:inline-block;width:4.83px"> </div>mostly from standard<div style="display:inline-block;width:5.4px"> </div>market contracts traded<div style="display:inline-block;width:5.37px"> </div>in active<div style="display:inline-block;width:4.5px"> </div>and observable<div style="display:inline-block;width:4.55px"> </div>markets, a </div><div id="a113323" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:268.7px;">significant proportion of equity forward<div style="display:inline-block;width:4.26px"> </div>contracts are classified as Level 2.<div style="display:inline-block;width:3.84px"> </div></div><div id="a113328" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.672px;top:280.6px;">–</div><div id="a113329" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.872px;top:280.5px;"> </div><div id="a113330" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:280.6px;">Equity option<div style="display:inline-block;width:4.23px"> </div>positions for<div style="display:inline-block;width:4.31px"> </div>which inputs are<div style="display:inline-block;width:4.34px"> </div>derived from standard<div style="display:inline-block;width:4.44px"> </div>market contracts traded<div style="display:inline-block;width:4.42px"> </div>in active and </div><div id="a113331" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:292.4px;">observable markets are also classified as Level 2.<div style="display:inline-block;width:4.32px"> </div>Level 3 positions are those for which volatility, forward or </div><div id="a113336" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:304.7px;">correlation inputs are not ob<div style="display:inline-block;width:1.6px"> </div>servable. </div><div id="a113339" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:324.3px;">Commodity </div><div id="a113340" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:336.6px;">contracts </div><div id="a113342" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.219px;top:324.5px;">Valuation </div><div id="a113344" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.672px;top:324.5px;">–</div><div id="a113345" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.872px;top:324.4px;"> </div><div id="a113346" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:324.5px;">Commodity<div style="display:inline-block;width:4.25px"> </div>forward<div style="display:inline-block;width:4.83px"> </div>and<div style="display:inline-block;width:4.32px"> </div>swap<div style="display:inline-block;width:4.4px"> </div>contracts are<div style="display:inline-block;width:5.63px"> </div>measured<div style="display:inline-block;width:4.19px"> </div>using<div style="display:inline-block;width:4.32px"> </div>market-standard<div style="display:inline-block;width:4.54px"> </div>models<div style="display:inline-block;width:4.64px"> </div>that use<div style="display:inline-block;width:5.51px"> </div>market </div><div id="a113349" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:336.8px;">forward levels on standard<div style="display:inline-block;width:4.12px"> </div>instruments.<div style="display:inline-block;width:2.56px"> </div></div><div id="a113351" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.672px;top:348.7px;">–</div><div id="a113352" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.872px;top:348.6px;"> </div><div id="a113353" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:348.7px;">Commodity<div style="display:inline-block;width:5.67px"> </div>option<div style="display:inline-block;width:6.44px"> </div>contracts<div style="display:inline-block;width:5.37px"> </div>are<div style="display:inline-block;width:5.86px"> </div>measured<div style="display:inline-block;width:5.61px"> </div>using<div style="display:inline-block;width:5.26px"> </div>market-standard<div style="display:inline-block;width:6.41px"> </div>option<div style="display:inline-block;width:5.5px"> </div>models<div style="display:inline-block;width:5.59px"> </div>that<div style="display:inline-block;width:5.6px"> </div>estimate<div style="display:inline-block;width:5.76px"> </div>the </div><div id="a113356" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:361px;">commodity forward<div style="display:inline-block;width:5.22px"> </div>level as<div style="display:inline-block;width:4.75px"> </div>described<div style="display:inline-block;width:4.17px"> </div>for commodity<div style="display:inline-block;width:4.34px"> </div>forward and<div style="display:inline-block;width:4.97px"> </div>swap contracts,<div style="display:inline-block;width:4.73px"> </div>incorporating<div style="display:inline-block;width:4.16px"> </div>inputs </div><div id="a113359" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:372.8px;">for the volatility of the underlying index or commodity. For commodity options<div style="display:inline-block;width:4.5px"> </div>on baskets of commodities </div><div id="a113360" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:384.6px;">or<div style="display:inline-block;width:5.36px"> </div>bespoke<div style="display:inline-block;width:5.81px"> </div>commodity<div style="display:inline-block;width:5.05px"> </div>indices,<div style="display:inline-block;width:5.9px"> </div>the<div style="display:inline-block;width:5.59px"> </div>valuation<div style="display:inline-block;width:5.83px"> </div>technique<div style="display:inline-block;width:5.35px"> </div>also<div style="display:inline-block;width:5.67px"> </div>incorporates<div style="display:inline-block;width:5.74px"> </div>inputs<div style="display:inline-block;width:5.49px"> </div>for<div style="display:inline-block;width:5.36px"> </div>the<div style="display:inline-block;width:5.59px"> </div>correlation </div><div id="a113362" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:396.9px;">between different commodities or<div style="display:inline-block;width:4.28px"> </div>commodity indices. </div><div id="a113364" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.219px;top:417.3px;">Fair value </div><div id="a113365" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.219px;top:429.1px;">hierarchy </div><div id="a113367" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.672px;top:417.3px;">–</div><div id="a113368" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.872px;top:417.2px;"> </div><div id="a113369" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:417.3px;">Individual<div style="display:inline-block;width:5.11px"> </div>commodity<div style="display:inline-block;width:4.1px"> </div>contracts<div style="display:inline-block;width:4.42px"> </div>are<div style="display:inline-block;width:4.91px"> </div>typically<div style="display:inline-block;width:4.67px"> </div>classified<div style="display:inline-block;width:5.04px"> </div>as<div style="display:inline-block;width:4.41px"> </div>Level 2,<div style="display:inline-block;width:5.08px"> </div>because<div style="display:inline-block;width:4.56px"> </div>active<div style="display:inline-block;width:4.59px"> </div>forward<div style="display:inline-block;width:4.35px"> </div>and<div style="display:inline-block;width:4.8px"> </div>volatility </div><div id="a113375" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:429.1px;">market data is available. </div><div id="a113377" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:456.4px;"> </div><div id="a113378" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:bold;font-style:normal;color:#9A3D37;left:3.679px;top:471.7px;">d) Valuation adjustments and other items </div><div id="a113380" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:498.9px;">The output of<div style="display:inline-block;width:1.91px"> </div>a valuation<div style="display:inline-block;width:2.04px"> </div>technique is always<div style="display:inline-block;width:1.77px"> </div>an estimate of<div style="display:inline-block;width:1.84px"> </div>a fair value<div style="display:inline-block;width:1.59px"> </div>that cannot be<div style="display:inline-block;width:1.98px"> </div>measured with complete<div style="display:inline-block;width:2.33px"> </div>certainty. </div><div id="a113381" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:514.1px;">As a result, valuations are adjusted<div style="display:inline-block;width:1.96px"> </div>where appropriate and when such factors<div style="display:inline-block;width:1.68px"> </div>would be considered by market participants </div><div id="a113385" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:529.2px;">in estimating fair value, to reflect close-out costs, credit exposure,<div style="display:inline-block;width:5.35px"> </div>model-driven valuation uncertainty,<div style="display:inline-block;width:5.52px"> </div>funding costs and </div><div id="a113392" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:544.8px;">benefits, trading restrictions and<div style="display:inline-block;width:5.51px"> </div>other factors.<div style="display:inline-block;width:4.31px"> </div></div><div id="a113394" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#E60000;left:3.679px;top:567.5px;">Deferred day-1 profit or loss reserves </div><div id="a113401" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:582.7px;">For new transactions<div style="display:inline-block;width:6.45px"> </div>where the<div style="display:inline-block;width:5.75px"> </div>valuation technique<div style="display:inline-block;width:6.17px"> </div>used to<div style="display:inline-block;width:5.52px"> </div>measure fair<div style="display:inline-block;width:5.55px"> </div>value requires<div style="display:inline-block;width:6.2px"> </div>significant<div style="display:inline-block;width:5.04px"> </div>inputs that<div style="display:inline-block;width:5.13px"> </div>are not </div><div id="a113403" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:598.3px;">based on observable market data, the financial instrument is<div style="display:inline-block;width:5.03px"> </div>initially recognized<div style="display:inline-block;width:5.02px"> </div>at the transaction price. The transaction </div><div id="a113406" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:613.4px;">price may differ from the fair<div style="display:inline-block;width:5.08px"> </div>value obtained using a<div style="display:inline-block;width:5.09px"> </div>valuation technique, where<div style="display:inline-block;width:5.1px"> </div>any such difference is deferred and<div style="display:inline-block;width:5.2px"> </div>not </div><div id="a113408" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:628.6px;">initially recognized in the income statement.<div style="display:inline-block;width:5.9px"> </div></div><div id="a113410" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:651.7px;">Deferred day-1 profit or loss is<div style="display:inline-block;width:1.99px"> </div>generally released into </div><div id="a113413" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:italic;left:305.579px;top:651.5px;">Other net income from financial instruments measured at fair value </div><div id="a113414" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:italic;left:3.679px;top:666.6px;">through profit<div style="display:inline-block;width:5.85px"> </div>or loss</div><div id="a113415" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:127.166px;top:666.9px;"><div style="display:inline-block;width:4.76px"> </div>when pricing<div style="display:inline-block;width:5.42px"> </div>of equivalent<div style="display:inline-block;width:5.87px"> </div>products or<div style="display:inline-block;width:5.94px"> </div>the underlying<div style="display:inline-block;width:5.33px"> </div>parameters becomes<div style="display:inline-block;width:5.99px"> </div>observable or<div style="display:inline-block;width:6.02px"> </div>when </div><div id="a113418" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:682px;">the transaction is closed out. </div><div id="a113420" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:705.2px;">The table below summarizes the changes<div style="display:inline-block;width:5.36px"> </div>in deferred day-1 profit or loss<div style="display:inline-block;width:5.15px"> </div>reserves during the<div style="display:inline-block;width:5.03px"> </div>respective period.</div></div><div id="TextBlockContainer609" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:106px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a113470" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Deferred day-1 profit<div style="display:inline-block;width:4.14px"> </div>or loss reserves </div><div id="a113478" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:15.3px;">USD m </div><div id="a113481" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:523.248px;top:15.3px;">2022 </div><div id="a113483" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:15.3px;">2021 </div><div id="a113485" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.542px;top:15.3px;">2020 </div><div id="a113487" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:30.9px;">Reserve balance at the beginning of the<div style="display:inline-block;width:3.79px"> </div>year </div><div id="a113490_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.982px;top:30.9px;">418</div><div id="a113493_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:30.9px;">269</div><div id="a113496_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:30.9px;">146</div><div id="a113499" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:47.5px;">Profit / (loss) deferred on new transactions </div><div id="a113502_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.982px;top:47.5px;">299</div><div id="a113505_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:47.5px;">459</div><div id="a113508_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:47.5px;">362</div><div id="a113511" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:63.6px;">(Profit) / loss recognized in the income statement </div><div id="a113515_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:523.248px;top:63.6px;display:flex;">(295)</div><div id="a113518_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:63.6px;display:flex;">(308)</div><div id="a113521_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.542px;top:63.6px;display:flex;">(238)</div><div id="a113524" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:80.1px;">Foreign currency translation </div><div id="a113527_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:537.902px;top:80.1px;">0</div><div id="a113530_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.862px;top:80.1px;display:flex;">(2)</div><div id="a113533_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.195px;top:80.1px;">0</div><div id="a113536" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:95.7px;">Reserve balance at the end of the year </div><div id="a113539_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.982px;top:95.7px;">422</div><div id="a113542_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:95.7px;">418</div><div id="a113545_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:95.7px;">269</div></div><div id="TextBlockContainer612" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:241px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a113548" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Own credit<div style="display:inline-block;width:4.42px"> </div></div><div id="a113550" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">Own<div style="display:inline-block;width:5.4px"> </div>credit<div style="display:inline-block;width:5.5px"> </div>risk<div style="display:inline-block;width:5.47px"> </div>is<div style="display:inline-block;width:5.62px"> </div>reflected<div style="display:inline-block;width:5.82px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the<div style="display:inline-block;width:5.72px"> </div>valuation<div style="display:inline-block;width:5.24px"> </div>of<div style="display:inline-block;width:5.25px"> </div>UBS’s<div style="display:inline-block;width:5.71px"> </div>fair<div style="display:inline-block;width:5.74px"> </div>value<div style="display:inline-block;width:5.1px"> </div>option<div style="display:inline-block;width:5.75px"> </div>liabilities<div style="display:inline-block;width:5.62px"> </div>where<div style="display:inline-block;width:6.07px"> </div>this<div style="display:inline-block;width:5.98px"> </div>component<div style="display:inline-block;width:5.7px"> </div>is<div style="display:inline-block;width:5.15px"> </div>considered </div><div id="a113552" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.3px;">relevant for valuation purposes<div style="display:inline-block;width:5.56px"> </div>by UBS’s counterparties and other market participants. </div><div id="a113554" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.4px;">Changes<div style="display:inline-block;width:5.54px"> </div>in the<div style="display:inline-block;width:5.45px"> </div>fair value<div style="display:inline-block;width:5.26px"> </div>of financial<div style="display:inline-block;width:5.56px"> </div>liabilities designated<div style="display:inline-block;width:6.32px"> </div>at fair<div style="display:inline-block;width:5.22px"> </div>value through<div style="display:inline-block;width:6.62px"> </div>profit or<div style="display:inline-block;width:5.44px"> </div>loss related<div style="display:inline-block;width:6.01px"> </div>to own<div style="display:inline-block;width:5.86px"> </div>credit are </div><div id="a113555" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:68.6px;">recognized<div style="display:inline-block;width:6.06px"> </div>in </div><div id="a113556" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:88.672px;top:68.3px;">Other<div style="display:inline-block;width:5.47px"> </div>comprehensive<div style="display:inline-block;width:5.72px"> </div>income</div><div id="a113558" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:258.072px;top:68.6px;"><div style="display:inline-block;width:5.67px"> </div>directly<div style="display:inline-block;width:6.14px"> </div>within </div><div id="a113560" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:351.298px;top:68.3px;">Retained<div style="display:inline-block;width:6.02px"> </div>earnings,<div style="display:inline-block;width:6.23px"> </div>with<div style="display:inline-block;width:5.72px"> </div>no<div style="display:inline-block;width:5.61px"> </div>reclassification<div style="display:inline-block;width:5.84px"> </div>to<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>income </div><div id="a113562" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:83.5px;">statement<div style="display:inline-block;width:6.26px"> </div>in<div style="display:inline-block;width:6.25px"> </div>future<div style="display:inline-block;width:6.57px"> </div>periods.</div><div id="a113563" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:170.992px;top:83.7px;"><div style="display:inline-block;width:6.15px"> </div>This<div style="display:inline-block;width:6.29px"> </div>presentation<div style="display:inline-block;width:6.68px"> </div>does<div style="display:inline-block;width:6.6px"> </div>not<div style="display:inline-block;width:6.4px"> </div>create<div style="display:inline-block;width:5.88px"> </div>or<div style="display:inline-block;width:6.67px"> </div>increase<div style="display:inline-block;width:6.65px"> </div>an<div style="display:inline-block;width:6.35px"> </div>accounting<div style="display:inline-block;width:6.97px"> </div>mismatch<div style="display:inline-block;width:6.11px"> </div>in<div style="display:inline-block;width:6.25px"> </div>the<div style="display:inline-block;width:6.2px"> </div>income </div><div id="a113565" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:98.9px;">statement, as the Group does<div style="display:inline-block;width:5.08px"> </div>not hedge changes in own<div style="display:inline-block;width:5.36px"> </div>credit. </div><div id="a113569" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:122px;">Own credit is estimated using own credit adjustment (OCA) curves, which incorporate observable market data, including </div><div id="a113570" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:137.2px;">market-observed secondary prices for UBS’s<div style="display:inline-block;width:5.58px"> </div>debt and debt curves of<div style="display:inline-block;width:5.32px"> </div>peers. In the table<div style="display:inline-block;width:5.08px"> </div>below, the change in unrealized </div><div id="a113574" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:152.3px;">own<div style="display:inline-block;width:5.24px"> </div>credit consists<div style="display:inline-block;width:5.73px"> </div>of changes<div style="display:inline-block;width:6.28px"> </div>in fair<div style="display:inline-block;width:5.94px"> </div>value that<div style="display:inline-block;width:6.04px"> </div>are attributable<div style="display:inline-block;width:6.12px"> </div>to the<div style="display:inline-block;width:6.35px"> </div>change<div style="display:inline-block;width:5.13px"> </div>in UBS’s<div style="display:inline-block;width:6.39px"> </div>credit spreads,<div style="display:inline-block;width:6.3px"> </div>as well<div style="display:inline-block;width:5.72px"> </div>as the </div><div id="a113576" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:167.9px;">effect of changes<div style="display:inline-block;width:5.49px"> </div>in fair values<div style="display:inline-block;width:5.04px"> </div>attributable to<div style="display:inline-block;width:5.14px"> </div>factors other than<div style="display:inline-block;width:5.35px"> </div>credit spreads,<div style="display:inline-block;width:5.35px"> </div>such as redemptions,<div style="display:inline-block;width:5.88px"> </div>effects from time </div><div id="a113577" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183.1px;">decay and<div style="display:inline-block;width:5.98px"> </div>changes<div style="display:inline-block;width:5.25px"> </div>in interest<div style="display:inline-block;width:5.8px"> </div>and<div style="display:inline-block;width:5.13px"> </div>other market<div style="display:inline-block;width:5.42px"> </div>rates.<div style="display:inline-block;width:5.05px"> </div>Realized<div style="display:inline-block;width:5.2px"> </div>own<div style="display:inline-block;width:5.24px"> </div>credit is<div style="display:inline-block;width:5.55px"> </div>recognized<div style="display:inline-block;width:5.12px"> </div>when<div style="display:inline-block;width:5.24px"> </div>an instrument<div style="display:inline-block;width:5.92px"> </div>with an </div><div id="a113579" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:198.2px;">associated<div style="display:inline-block;width:6.66px"> </div>unrealized<div style="display:inline-block;width:6.9px"> </div>OCA<div style="display:inline-block;width:6.82px"> </div>is<div style="display:inline-block;width:6.57px"> </div>repurchased<div style="display:inline-block;width:7.45px"> </div>prior<div style="display:inline-block;width:6.61px"> </div>to<div style="display:inline-block;width:6.67px"> </div>the<div style="display:inline-block;width:6.67px"> </div>contractual<div style="display:inline-block;width:7.2px"> </div>maturity<div style="display:inline-block;width:6.85px"> </div>date.<div style="display:inline-block;width:7.25px"> </div>Life-to-date<div style="display:inline-block;width:6.74px"> </div>amounts<div style="display:inline-block;width:7.44px"> </div>reflect<div style="display:inline-block;width:6.57px"> </div>the </div><div id="a113584" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:213.8px;">cumulative unrealized change<div style="display:inline-block;width:5.11px"> </div>since initial recognition. </div><div id="a113587" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:225.5px;">›</div><div id="a113588" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:225.8px;"> </div><div id="a113589" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:230.4px;">Refer to Note 15<div style="display:inline-block;width:1.57px"> </div>for more information<div style="display:inline-block;width:1.12px"> </div>about debt issued<div style="display:inline-block;width:1.32px"> </div>designated at fair<div style="display:inline-block;width:1.08px"> </div>value</div></div><div id="TextBlockContainer615" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:680px;height:184px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a113592" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Own credit adjustments on financial<div style="display:inline-block;width:4.35px"> </div>liabilities designated at fair value </div><div id="a113601" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:496.288px;top:14.3px;">Included in Other comprehensive income </div><div id="a113605" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.008px;top:28.1px;">For the year ended </div><div id="a113607" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:41.8px;">USD m </div><div id="a113610" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:497.235px;top:41.8px;">31.12.22 </div><div id="a113613" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.035px;top:41.8px;">31.12.21 </div><div id="a113615" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:639.168px;top:41.8px;">31.12.20 </div><div id="a113617" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:55.5px;">Recognized during the period: </div><div id="a113624" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:69.7px;">Realized gain / (loss)<div style="display:inline-block;width:2.91px"> </div></div><div id="a113627_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:526.088px;top:69.7px;">1</div><div id="a113631_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.955px;top:69.7px;display:flex;">(14)</div><div id="a113634_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.048px;top:69.7px;">2</div><div id="a113637" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:83.9px;">Unrealized gain / (loss)<div style="display:inline-block;width:3.33px"> </div></div><div id="a113640_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.155px;top:83.9px;">866</div><div id="a113644_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.155px;top:83.9px;">60</div><div id="a113647_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:83.9px;display:flex;">(295)</div><div id="a113650" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:97.6px;">Total gain / (loss), before<div style="display:inline-block;width:3.7px"> </div>tax </div><div id="a113653_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.155px;top:97.6px;">867</div><div id="a113657_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.155px;top:97.6px;">46</div><div id="a113660_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:97.6px;display:flex;">(293)</div><div id="a113669" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:117px;">USD m </div><div id="a113672" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:497.235px;top:117px;">31.12.22 </div><div id="a113675" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.035px;top:117px;">31.12.21 </div><div id="a113677" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:639.168px;top:117px;">31.12.20 </div><div id="a113679" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:130.7px;">Recognized on the balance sheet<div style="display:inline-block;width:3.77px"> </div>as of the end of the period: </div><div id="a113686" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:144.9px;">Unrealized life-to-date gain / (loss)<div style="display:inline-block;width:3.53px"> </div></div><div id="a113693_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.155px;top:144.9px;">556</div><div id="a113697_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:144.9px;display:flex;">(315)</div><div id="a113700_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:144.9px;display:flex;">(381)</div><div id="a113703" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:159.6px;">of which: debt issued designated at fair value </div><div id="a113706_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.155px;top:159.6px;">453</div><div id="a113710_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:159.6px;display:flex;">(347)</div><div id="a113713_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:159.6px;display:flex;">(418)</div><div id="a113716" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:173.8px;">of which: other financial liabilities designated at<div style="display:inline-block;width:3.8px"> </div>fair value </div><div id="a113720_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.155px;top:173.8px;">103</div><div id="a113724_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.155px;top:173.8px;">32</div><div id="a113727_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.315px;top:173.8px;">36</div></div><div id="TextBlockContainer618" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:189px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a113730" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Credit valuation adjustments </div><div id="a113732" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">In<div style="display:inline-block;width:6.25px"> </div>order<div style="display:inline-block;width:6.49px"> </div>to<div style="display:inline-block;width:6.2px"> </div>measure<div style="display:inline-block;width:6.33px"> </div>the<div style="display:inline-block;width:6.2px"> </div>fair<div style="display:inline-block;width:6.21px"> </div>value<div style="display:inline-block;width:6.04px"> </div>of<div style="display:inline-block;width:6.2px"> </div>OTC<div style="display:inline-block;width:6.67px"> </div>derivative<div style="display:inline-block;width:6.38px"> </div>instruments,<div style="display:inline-block;width:6.47px"> </div>including<div style="display:inline-block;width:7.12px"> </div>funded<div style="display:inline-block;width:6.33px"> </div>derivative<div style="display:inline-block;width:5.9px"> </div>instruments<div style="display:inline-block;width:6.61px"> </div>that<div style="display:inline-block;width:6.04px"> </div>are </div><div id="a113734" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.3px;">classified as </div><div id="a113735" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:72.562px;top:30px;">Financial assets at<div style="display:inline-block;width:2.1px"> </div>fair value not<div style="display:inline-block;width:1.84px"> </div>held for trading,</div><div id="a113736" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:342.312px;top:30.3px;"><div style="display:inline-block;width:2.84px"> </div>CVAs are needed to<div style="display:inline-block;width:2.09px"> </div>reflect the credit risk<div style="display:inline-block;width:1.82px"> </div>of the counterparty </div><div id="a113738" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.4px;">inherent<div style="display:inline-block;width:6.11px"> </div>in<div style="display:inline-block;width:5.77px"> </div>these<div style="display:inline-block;width:5.77px"> </div>instruments.<div style="display:inline-block;width:5.77px"> </div>This<div style="display:inline-block;width:5.82px"> </div>amount<div style="display:inline-block;width:6.45px"> </div>represents<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:5.72px"> </div>estimated<div style="display:inline-block;width:6.56px"> </div>fair<div style="display:inline-block;width:5.74px"> </div>value<div style="display:inline-block;width:6.04px"> </div>of<div style="display:inline-block;width:5.72px"> </div>protection<div style="display:inline-block;width:5.96px"> </div>required<div style="display:inline-block;width:6.35px"> </div>to<div style="display:inline-block;width:5.72px"> </div>hedge<div style="display:inline-block;width:6.28px"> </div>the </div><div id="a113740" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61px;">counterparty credit risk of such<div style="display:inline-block;width:5.8px"> </div>instruments. A CVA<div style="display:inline-block;width:5.7px"> </div>is determined for each counterparty,<div style="display:inline-block;width:7.08px"> </div>considering all exposures<div style="display:inline-block;width:5.34px"> </div>with </div><div id="a113741" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.2px;">that counterparty,<div style="display:inline-block;width:5.37px"> </div>and is dependent<div style="display:inline-block;width:5.2px"> </div>on the expected future value<div style="display:inline-block;width:5.05px"> </div>of exposures, default<div style="display:inline-block;width:5.2px"> </div>probabilities and recovery<div style="display:inline-block;width:5.56px"> </div>rates, </div><div id="a113743" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:91.8px;">applicable collateral or netting arrangements,<div style="display:inline-block;width:5.48px"> </div>break clauses, funding<div style="display:inline-block;width:5.13px"> </div>spreads, and other contractual factors.<div style="display:inline-block;width:6.06px"> </div></div><div id="a113745" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:114.5px;">Funding valuation adjustments </div><div id="a113747" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:129.6px;">FVAs<div style="display:inline-block;width:6.36px"> </div>reflect<div style="display:inline-block;width:6.09px"> </div>the<div style="display:inline-block;width:6.2px"> </div>costs<div style="display:inline-block;width:5.62px"> </div>and<div style="display:inline-block;width:6.08px"> </div>benefits<div style="display:inline-block;width:5.72px"> </div>of<div style="display:inline-block;width:6.2px"> </div>funding<div style="display:inline-block;width:6.43px"> </div>associated<div style="display:inline-block;width:5.72px"> </div>with<div style="display:inline-block;width:5.94px"> </div>uncollateralized<div style="display:inline-block;width:6.3px"> </div>and<div style="display:inline-block;width:6.55px"> </div>partially<div style="display:inline-block;width:5.53px"> </div>collateralized<div style="display:inline-block;width:6.37px"> </div>derivative </div><div id="a113749" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:145.3px;">receivables and<div style="display:inline-block;width:5.43px"> </div>payables and are<div style="display:inline-block;width:5.57px"> </div>calculated as the<div style="display:inline-block;width:5.15px"> </div>valuation effect from<div style="display:inline-block;width:5.48px"> </div>moving the<div style="display:inline-block;width:5.03px"> </div>discounting of<div style="display:inline-block;width:5.11px"> </div>the uncollateralized </div><div id="a113750" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.4px;">derivative cash flows from the ARR<div style="display:inline-block;width:5.27px"> </div>to OCA using the CVA<div style="display:inline-block;width:5.57px"> </div>framework, including the probability of<div style="display:inline-block;width:5.1px"> </div>counterparty default. </div><div id="a113752" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:175.5px;">An FVA is also<div style="display:inline-block;width:5.17px"> </div>applied to collateralized derivative assets in<div style="display:inline-block;width:5.29px"> </div>cases where the collateral<div style="display:inline-block;width:5.23px"> </div>cannot be sold or repledged.</div></div><div id="TextBlockContainer620" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:297px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a113795" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Debit valuation adjustments </div><div id="a113797" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23.2px;">A DVA is estimated to incorporate own credit in the valuation of derivatives where an<div style="display:inline-block;width:4.06px"> </div>FVA is not already recognized. The </div><div id="a113804" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.3px;">DVA calculation<div style="display:inline-block;width:5.08px"> </div>is effectively consistent<div style="display:inline-block;width:5.36px"> </div>with the CVA<div style="display:inline-block;width:5.55px"> </div>framework, being determined<div style="display:inline-block;width:5.98px"> </div>for each counterparty,<div style="display:inline-block;width:6.42px"> </div>considering </div><div id="a113807" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.5px;">all exposures<div style="display:inline-block;width:6.63px"> </div>with that<div style="display:inline-block;width:6.2px"> </div>counterparty<div style="display:inline-block;width:5.55px"> </div>and<div style="display:inline-block;width:5.13px"> </div>taking into<div style="display:inline-block;width:6.55px"> </div>account<div style="display:inline-block;width:5.25px"> </div>collateral<div style="display:inline-block;width:5.06px"> </div>netting<div style="display:inline-block;width:5.4px"> </div>agreements,<div style="display:inline-block;width:5.54px"> </div>expected<div style="display:inline-block;width:5.52px"> </div>future<div style="display:inline-block;width:5.39px"> </div>mark-to-</div><div id="a113812" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:69.1px;">market movements and UBS’s<div style="display:inline-block;width:5.29px"> </div>credit default spreads. </div><div id="a113814" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:91.8px;">Other valuation adjustments </div><div id="a113816" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:106.9px;">Instruments that are measured as part<div style="display:inline-block;width:2.24px"> </div>of a portfolio<div style="display:inline-block;width:2.29px"> </div>of combined long and short<div style="display:inline-block;width:1.87px"> </div>positions are valued at mid-market<div style="display:inline-block;width:2.13px"> </div>levels </div><div id="a113820" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:122.1px;">to ensure consistent<div style="display:inline-block;width:5.14px"> </div>valuation of the<div style="display:inline-block;width:5.08px"> </div>long-<div style="display:inline-block;width:4.3px"> </div>and short-component<div style="display:inline-block;width:5.29px"> </div>risks. A liquidity valuation<div style="display:inline-block;width:5.49px"> </div>adjustment is then made<div style="display:inline-block;width:5.38px"> </div>to </div><div id="a113826" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:137.7px;">the overall<div style="display:inline-block;width:5.47px"> </div>net long<div style="display:inline-block;width:5.86px"> </div>or short<div style="display:inline-block;width:5.5px"> </div>exposure<div style="display:inline-block;width:5.27px"> </div>to move<div style="display:inline-block;width:5.2px"> </div>the fair<div style="display:inline-block;width:5.42px"> </div>value to<div style="display:inline-block;width:5.25px"> </div>bid or<div style="display:inline-block;width:5.66px"> </div>offer as<div style="display:inline-block;width:5.81px"> </div>appropriate, reflecting<div style="display:inline-block;width:6.49px"> </div>current levels<div style="display:inline-block;width:5.87px"> </div>of </div><div id="a113828" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:152.8px;">market liquidity.<div style="display:inline-block;width:7.42px"> </div>The bid<div style="display:inline-block;width:1.65px"> </div>–offer<div style="display:inline-block;width:5.19px"> </div>spreads<div style="display:inline-block;width:5.32px"> </div>used<div style="display:inline-block;width:5.18px"> </div>in the<div style="display:inline-block;width:6.4px"> </div>calculation of<div style="display:inline-block;width:6.51px"> </div>this valuation<div style="display:inline-block;width:6.29px"> </div>adjustment<div style="display:inline-block;width:5.29px"> </div>are<div style="display:inline-block;width:5.29px"> </div>obtained<div style="display:inline-block;width:5.28px"> </div>from<div style="display:inline-block;width:5.18px"> </div>market </div><div id="a113831" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:168.4px;">transactions and other relevant sources<div style="display:inline-block;width:5.33px"> </div>and are updated<div style="display:inline-block;width:5.14px"> </div>periodically. </div><div id="a113833" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:191.1px;">Uncertainties<div style="display:inline-block;width:5.41px"> </div>associated<div style="display:inline-block;width:5.24px"> </div>with<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>use<div style="display:inline-block;width:5.45px"> </div>of model<div style="display:inline-block;width:1.4px"> </div>-based<div style="display:inline-block;width:5.51px"> </div>valuations<div style="display:inline-block;width:5.29px"> </div>are<div style="display:inline-block;width:5.29px"> </div>incorporated<div style="display:inline-block;width:5.45px"> </div>into the<div style="display:inline-block;width:6.45px"> </div>measurement<div style="display:inline-block;width:5.28px"> </div>of<div style="display:inline-block;width:5.25px"> </div>fair value </div><div id="a113836" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:206.3px;">through the use of model<div style="display:inline-block;width:2.33px"> </div>reserves. These reserves reflect<div style="display:inline-block;width:2.16px"> </div>the amounts that the Group<div style="display:inline-block;width:2.3px"> </div>estimates should be deducted from </div><div id="a113837" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:221.4px;">valuations produced<div style="display:inline-block;width:5.35px"> </div>directly by models<div style="display:inline-block;width:5.13px"> </div>to incorporate uncertainties<div style="display:inline-block;width:5.51px"> </div>in the relevant<div style="display:inline-block;width:5.39px"> </div>modeling assumptions,<div style="display:inline-block;width:5.46px"> </div>in the model </div><div id="a113840" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:237px;">and market inputs<div style="display:inline-block;width:5.75px"> </div>used, or in the<div style="display:inline-block;width:5.32px"> </div>calibration of the<div style="display:inline-block;width:5.29px"> </div>model output to<div style="display:inline-block;width:5.16px"> </div>adjust for known<div style="display:inline-block;width:5.27px"> </div>model deficiencies. In<div style="display:inline-block;width:5.34px"> </div>arriving at </div><div id="a113841" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:252.1px;">these estimates,<div style="display:inline-block;width:5.52px"> </div>the Group<div style="display:inline-block;width:6.42px"> </div>considers a<div style="display:inline-block;width:5.55px"> </div>range of<div style="display:inline-block;width:5.61px"> </div>market practices,<div style="display:inline-block;width:5.33px"> </div>including<div style="display:inline-block;width:5.23px"> </div>how it<div style="display:inline-block;width:5.37px"> </div>believes market<div style="display:inline-block;width:5.63px"> </div>participants would </div><div id="a113843" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:267.8px;">assess these uncertainties. Model reserves are reassessed periodically<div style="display:inline-block;width:2.24px"> </div>in light of data from market<div style="display:inline-block;width:2.18px"> </div>transactions, consensus </div><div id="a113844" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:282.9px;">pricing services and other relevant sources.</div></div><div id="TextBlockContainer623" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:135px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a113847" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Balance sheet valuation adjustments<div style="display:inline-block;width:4.38px"> </div>on financial instruments </div><div id="a113855" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:603.702px;top:14.8px;">As of </div><div id="a113857" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:28.6px;">USD m </div><div id="a113860" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:577.195px;top:28.6px;">31.12.22 </div><div id="a113862" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.315px;top:28.6px;">31.12.21 </div><div id="a113864" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:42.3px;">Credit valuation adjustments</div><div id="a113865" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:108.248px;top:42.9px;">1</div><div id="a113868" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:42.3px;display:flex;">(33)</div><div id="a113870" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:42.3px;display:flex;">(44)</div><div id="a113872" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:56px;">Funding valuation adjustments </div><div id="a113875" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:56px;display:flex;">(50)</div><div id="a113877" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:56px;display:flex;">(49)</div><div id="a113879" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:69.7px;">Debit valuation adjustments </div><div id="a113882" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:606.062px;top:69.7px;">4</div><div id="a113884" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.195px;top:69.7px;">2</div><div id="a113886" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:83.4px;">Other valuation adjustments </div><div id="a113889" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:83.4px;display:flex;">(839)</div><div id="a113891" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.542px;top:83.4px;display:flex;">(913)</div><div id="a113893" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:97.6px;">of which: liquidity </div><div id="a113896" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:591.382px;top:97.6px;display:flex;">(311)</div><div id="a113898" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:659.542px;top:97.6px;display:flex;">(341)</div><div id="a113900" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:111.8px;">of which: model uncertainty </div><div id="a113904" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:591.382px;top:111.8px;display:flex;">(529)</div><div id="a113906" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:659.542px;top:111.8px;display:flex;">(571)</div><div id="a113908" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:126.4px;">1 Amounts do not include reserves<div style="display:inline-block;width:3.45px"> </div>against defaulted counterparties.</div></div><div id="TextBlockContainer626" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:67px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a113910" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Other items </div><div id="a113912" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:22.7px;">In the first half of 2021,<div style="display:inline-block;width:5.79px"> </div>UBS incurred a loss of<div style="display:inline-block;width:5.03px"> </div>USD </div><div id="a113912_54_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:301.605px;top:22.7px;">861</div><div id="a113912_57_67" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:323.832px;top:22.7px;">m as a result of closing out a<div style="display:inline-block;width:5.5px"> </div>significant portfolio of swaps with </div><div id="a113915" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:37.9px;">a US-based<div style="display:inline-block;width:6.27px"> </div>client of<div style="display:inline-block;width:5.47px"> </div>its prime<div style="display:inline-block;width:5.36px"> </div>brokerage<div style="display:inline-block;width:5.27px"> </div>business and<div style="display:inline-block;width:5.89px"> </div>the unwinding<div style="display:inline-block;width:5.99px"> </div>of related<div style="display:inline-block;width:5.86px"> </div>hedges,<div style="display:inline-block;width:5.02px"> </div>following the<div style="display:inline-block;width:5.8px"> </div>client’s default. </div><div id="a113918" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.5px;">This loss is presented within </div><div id="a113919" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:166.738px;top:53.2px;">Other net income from financial instruments measured<div style="display:inline-block;width:5.22px"> </div>at fair value through<div style="display:inline-block;width:5.08px"> </div>profit or loss</div><div id="a113920" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:673.538px;top:53.5px;">.</div></div><div id="TextBlockContainer628" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:171px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a113965" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">e)<div style="display:inline-block;width:3.83px"> </div>Level 3 instruments: valuation<div style="display:inline-block;width:5.43px"> </div>techniques and inputs<div style="display:inline-block;width:4.43px"> </div></div><div id="a113973" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.8px;">The table below<div style="display:inline-block;width:5.55px"> </div>presents material<div style="display:inline-block;width:5.07px"> </div>Level 3 assets<div style="display:inline-block;width:5.16px"> </div>and liabilities, together<div style="display:inline-block;width:5.54px"> </div>with the valuation<div style="display:inline-block;width:5.55px"> </div>techniques used<div style="display:inline-block;width:5.21px"> </div>to measure </div><div id="a113977" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.9px;">fair value,<div style="display:inline-block;width:5.84px"> </div>the inputs<div style="display:inline-block;width:6.23px"> </div>used in<div style="display:inline-block;width:5.39px"> </div>a given<div style="display:inline-block;width:5.88px"> </div>valuation technique<div style="display:inline-block;width:6.33px"> </div>that are<div style="display:inline-block;width:5.76px"> </div>considered<div style="display:inline-block;width:5.37px"> </div>significant as<div style="display:inline-block;width:5.66px"> </div>of 31<div style="display:inline-block;width:5.47px"> </div>December 2022<div style="display:inline-block;width:5.96px"> </div>and </div><div id="a113981" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:58.5px;">unobservable, and a<div style="display:inline-block;width:5.1px"> </div>range of values for those unobservable inputs.<div style="display:inline-block;width:5.22px"> </div></div><div id="a113983" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:81.2px;">The range of values represents<div style="display:inline-block;width:2.33px"> </div>the highest- and lowest-level<div style="display:inline-block;width:2.15px"> </div>inputs used in the valuation techniques.<div style="display:inline-block;width:2.07px"> </div>Therefore, the range </div><div id="a113990" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:96.3px;">does not reflect<div style="display:inline-block;width:1.8px"> </div>the level<div style="display:inline-block;width:2.11px"> </div>of uncertainty regarding a<div style="display:inline-block;width:1.82px"> </div>particular input or<div style="display:inline-block;width:1.56px"> </div>an assessment of<div style="display:inline-block;width:1.97px"> </div>the reasonableness of<div style="display:inline-block;width:2.19px"> </div>the Group’s </div><div id="a113991" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:111.5px;">estimates and assumptions, but rather the different underlying characteristics of the<div style="display:inline-block;width:5.03px"> </div>relevant assets and liabilities held by </div><div id="a113993" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:127.1px;">the Group. The ranges<div style="display:inline-block;width:5.34px"> </div>will therefore vary from period to period<div style="display:inline-block;width:5.11px"> </div>and parameter to parameter based<div style="display:inline-block;width:5.23px"> </div>on characteristics of </div><div id="a113994" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:142.3px;">the instruments held at each balance sheet date. Furthermore, the ranges of unobservable inputs may differ across other </div><div id="a113995" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:157.9px;">financial institutions, reflecting the diversity<div style="display:inline-block;width:5.27px"> </div>of the products in each firm’s inventory.</div></div><div id="TextBlockContainer631" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:690px;height:591px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a113999" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Valuation techniques<div style="display:inline-block;width:4.41px"> </div>and inputs used in the fair value measurement<div style="display:inline-block;width:4.47px"> </div>of Level 3 assets and liabilities </div><div id="a114002" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:172.128px;top:12.9px;">Fair value </div><div id="a114007" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:363.782px;top:26.6px;">Significant </div><div id="a114008" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:363.782px;top:38.5px;">unobservable </div><div id="a114009" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:363.782px;top:49.8px;">input(s)</div><div id="a114010" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:391.248px;top:50.5px;">1</div><div id="a114012" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:537.435px;top:12.9px;">Range of inputs </div><div id="a114015" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:135.248px;top:25.7px;">Assets </div><div id="a114018" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:214.728px;top:25.7px;">Liabilities </div><div id="a114021" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:278.595px;top:38.5px;">Valuation </div><div id="a114022" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:278.595px;top:49.8px;">technique(s) </div><div id="a114025" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:482.542px;top:25.7px;">31.12.22 </div><div id="a114028" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.702px;top:25.7px;">31.12.21 </div><div id="a114031" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:49.8px;">USD bn </div><div id="a114033" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:112.035px;top:49.8px;">31.12.22 </div><div id="a114035" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:151.315px;top:49.8px;">31.12.21 </div><div id="a114038" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:196.755px;top:49.8px;">31.12.22 </div><div id="a114040" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:236.502px;top:49.8px;">31.12.21 </div><div id="a114044" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.475px;top:49.8px;">low </div><div id="a114046" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:486.328px;top:49.8px;">high </div><div id="a114048" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:514.262px;top:38.5px;">weighted </div><div id="a114049" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.622px;top:49.8px;">average</div><div id="a114050" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:545.475px;top:50.5px;">2 </div><div id="a114053" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.315px;top:49.8px;">low </div><div id="a114055" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:49.8px;">high </div><div id="a114057" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:614.102px;top:38.5px;">weighted </div><div id="a114058" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.942px;top:49.8px;">average</div><div id="a114059" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:645.315px;top:50.5px;">2 </div><div id="a114061" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.688px;top:49.8px;">unit</div><div id="a114062" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:679.875px;top:50.5px;">1 </div><div id="a114064" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:62.6px;">Financial assets and liabilities at fair value<div style="display:inline-block;width:4.07px"> </div>held for trading and Financial<div style="display:inline-block;width:3.89px"> </div>assets at fair value not held for trading </div><div id="a114066" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:75.9px;">Corporate and municipal </div><div id="a114067" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:87.2px;">bonds </div><div id="a114069_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:133.355px;top:87.2px;">0.8</div><div id="a114072_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:173.075px;top:87.2px;">0.9</div><div id="a114076_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:218.035px;top:87.2px;">0.0</div><div id="a114079_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:258.262px;top:87.2px;">0.0</div><div id="a114083" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:75.9px;">Relative value to </div><div id="a114084" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:87.2px;">market comparable </div><div id="a114087" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:87.2px;">Bond price equivalent </div><div id="a114089_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:461.262px;top:87.2px;">14</div><div id="a114092_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:87.2px;">112</div><div id="a114095_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:538.848px;top:87.2px;">85</div><div id="a114099_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.102px;top:87.2px;">16</div><div id="a114102_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:87.2px;">143</div><div id="a114105_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:638.702px;top:87.2px;">98</div><div id="a114108" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:87.2px;">points </div><div id="a114117" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:100.4px;">Discounted expected </div><div id="a114118" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:112.3px;">cash flows </div><div id="a114121" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:112.3px;">Discount margin </div><div id="a114123_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.062px;top:112.3px;">412</div><div id="a114126_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:112.3px;">412</div><div id="a114131_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.888px;top:112.3px;">434</div><div id="a114134_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:112.3px;">434</div><div id="a114138" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:100.4px;">basis </div><div id="a114139" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:112.3px;">points </div><div id="a114141" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:125px;">Traded loans, loans </div><div id="a114142" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:136.9px;">measured at fair value, </div><div id="a114143" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:148.7px;">loan commitments and </div><div id="a114144" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:160.1px;">guarantees </div><div id="a114146_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:133.355px;top:160.1px;">1.7</div><div id="a114149_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:173.075px;top:160.1px;">2.8</div><div id="a114153_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:218.035px;top:160.1px;">0.0</div><div id="a114156_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:258.262px;top:160.1px;">0.0</div><div id="a114160" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:148.7px;">Relative value to </div><div id="a114161" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:160.1px;">market comparable </div><div id="a114164" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:160.1px;">Loan price equivalent </div><div id="a114166_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:461.262px;top:160.1px;">30</div><div id="a114169_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:160.1px;">100</div><div id="a114172_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:538.848px;top:160.1px;">97</div><div id="a114176_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:574.822px;top:160.1px;">0</div><div id="a114179_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:160.1px;">101</div><div id="a114182_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:638.702px;top:160.1px;">99</div><div id="a114185" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:160.1px;">points </div><div id="a114194" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:173.3px;">Discounted expected </div><div id="a114195" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:185.1px;">cash flows </div><div id="a114198" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:185.1px;">Credit spread </div><div id="a114200_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.062px;top:185.1px;">200</div><div id="a114203_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:185.1px;">200</div><div id="a114206_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:533.648px;top:185.1px;">200</div><div id="a114210_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.888px;top:185.1px;">175</div><div id="a114213_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:185.1px;">800</div><div id="a114216_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.502px;top:185.1px;">436</div><div id="a114219" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:173.3px;">basis </div><div id="a114220" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:185.1px;">points </div><div id="a114229" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:197.9px;">Market comparable </div><div id="a114230" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:209.7px;">and securitization </div><div id="a114232" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:221.5px;">model </div><div id="a114235" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:221.5px;">Credit spread </div><div id="a114237_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.062px;top:221.5px;">145</div><div id="a114240_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:480.648px;top:221.5px;">1,350</div><div id="a114243_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:533.648px;top:221.5px;">322</div><div id="a114247_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.102px;top:221.5px;">28</div><div id="a114251" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.702px;top:221.5px;">1,544</div><div id="a114253_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.502px;top:221.5px;">241</div><div id="a114256" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:209.7px;">basis </div><div id="a114257" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:221.5px;">points </div><div id="a114259" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:246.2px;">Auction rate securities </div><div id="a114261_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:133.355px;top:246.2px;">1.3</div><div id="a114264_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:173.075px;top:246.2px;">1.6</div><div id="a114271" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:234.3px;">Discounted expected </div><div id="a114272" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:246.2px;">cash flows </div><div id="a114275" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:246.2px;">Credit spread </div><div id="a114277_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.062px;top:246.2px;">115</div><div id="a114280_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:246.2px;">196</div><div id="a114283_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:533.648px;top:246.2px;">144</div><div id="a114287_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.888px;top:246.2px;">115</div><div id="a114290_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:246.2px;">197</div><div id="a114293_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.502px;top:246.2px;">153</div><div id="a114296" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:234.3px;">basis </div><div id="a114297" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:246.2px;">points </div><div id="a114299" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:270.8px;">Investment fund units</div><div id="a114300" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:82.248px;top:271.4px;">3</div><div id="a114302_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:133.355px;top:270.8px;">0.3</div><div id="a114305_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:173.075px;top:270.8px;">0.1</div><div id="a114309_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:218.035px;top:270.8px;">0.0</div><div id="a114312_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:258.262px;top:270.8px;">0.0</div><div id="a114316" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:258.9px;">Relative value to </div><div id="a114317" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:270.8px;">market comparable </div><div id="a114320" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:270.8px;">Net asset value </div><div id="a114330" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:295.3px;">Equity instruments</div><div id="a114331" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:70.391px;top:296px;">3</div><div id="a114333_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:133.355px;top:295.3px;">0.9</div><div id="a114336_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:173.075px;top:295.3px;">0.8</div><div id="a114340_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:218.035px;top:295.3px;">0.1</div><div id="a114343_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:258.262px;top:295.3px;">0.1</div><div id="a114347" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:284px;">Relative value to </div><div id="a114348" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:295.3px;">market comparable </div><div id="a114351" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:295.3px;">Price </div><div id="a114361" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:308.1px;">Debt issued designated at </div><div id="a114362" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:319.5px;">fair value</div><div id="a114363" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:37.287px;top:320.1px;">4</div><div id="a114368_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:213.302px;top:319.5px;">10.5</div><div id="a114371_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:253.062px;top:319.5px;">14.2</div><div id="a114386" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:331.8px;">Other financial liabilities </div><div id="a114387" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:343.6px;">designated at fair value </div><div id="a114392_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:218.035px;top:343.6px;">0.7</div><div id="a114395_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:258.262px;top:343.6px;">0.8</div><div id="a114399" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:331.8px;">Discounted expected </div><div id="a114400" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:343.6px;">cash flows </div><div id="a114403" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:343.6px;">Funding spread </div><div id="a114405_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:461.262px;top:343.6px;">23</div><div id="a114408_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:343.6px;">175</div><div id="a114413_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.102px;top:343.6px;">24</div><div id="a114416_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:343.6px;">175</div><div id="a114420" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:331.8px;">basis </div><div id="a114421" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:343.6px;">points </div><div id="a114423" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:356.4px;">Derivative financial instruments </div><div id="a114425" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:381px;">Interest rate </div><div id="a114427_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:133.355px;top:381px;">0.5</div><div id="a114430_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:173.075px;top:381px;">0.5</div><div id="a114434_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:218.035px;top:381px;">0.1</div><div id="a114437_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:258.262px;top:381px;">0.3</div><div id="a114441" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:381px;">Option model </div><div id="a114444" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:369.1px;">Volatility of interest </div><div id="a114445" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:381px;">rates </div><div id="a114447_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:461.262px;top:381px;">75</div><div id="a114450_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:381px;">143</div><div id="a114455_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.102px;top:381px;">65</div><div id="a114458_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.995px;top:381px;">81</div><div id="a114462" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:369.1px;">basis </div><div id="a114463" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:381px;">points </div><div id="a114465" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:405.6px;">Credit </div><div id="a114467_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:133.355px;top:405.6px;">0.3</div><div id="a114470_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:173.075px;top:405.6px;">0.2</div><div id="a114474_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:218.035px;top:405.6px;">0.3</div><div id="a114477_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:258.262px;top:405.6px;">0.3</div><div id="a114481" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:394.2px;">Discounted expected </div><div id="a114482" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:405.6px;">cash flows </div><div id="a114485" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:405.6px;">Credit spreads<div style="display:inline-block;width:2.76px"> </div></div><div id="a114487_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.995px;top:405.6px;">9</div><div id="a114490_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:405.6px;">565</div><div id="a114495_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:574.822px;top:405.6px;">1</div><div id="a114498_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:405.6px;">583</div><div id="a114502" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:394.2px;">basis </div><div id="a114503" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:405.6px;">points </div><div id="a114514" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:418.8px;">Bond price equivalent </div><div id="a114516_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.995px;top:418.8px;">3</div><div id="a114519_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:418.8px;">277</div><div id="a114524_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:574.822px;top:418.8px;">2</div><div id="a114527_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:418.8px;">136</div><div id="a114531" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:418.8px;">points </div><div id="a114533" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:432.1px;">Equity / index </div><div id="a114535_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:133.355px;top:432.1px;">0.7</div><div id="a114538_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:173.075px;top:432.1px;">0.4</div><div id="a114542_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:218.035px;top:432.1px;">1.2</div><div id="a114545_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:258.262px;top:432.1px;">1.5</div><div id="a114549" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:432.1px;">Option model </div><div id="a114552" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:432.1px;">Equity dividend yields </div><div id="a114554_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.995px;top:432.1px;">0</div><div id="a114557_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:492.955px;top:432.1px;">20</div><div id="a114562_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:574.822px;top:432.1px;">0</div><div id="a114565_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.995px;top:432.1px;">11</div><div id="a114569" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.675px;top:432.1px;">% </div><div id="a114580" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:445.3px;">Volatility of equity </div><div id="a114581" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:456.7px;">stocks, equity and </div><div id="a114582" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:468.5px;">other indices </div><div id="a114584_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.995px;top:468.5px;">4</div><div id="a114587_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:468.5px;">120</div><div id="a114592_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:574.822px;top:468.5px;">4</div><div id="a114595_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.995px;top:468.5px;">98</div><div id="a114599" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.675px;top:468.5px;">% </div><div id="a114610" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:481.8px;">Equity-to-FX </div><div id="a114615" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:493.1px;">correlation </div><div id="a114617_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.528px;top:493.1px;display:flex;">(29)</div><div id="a114620_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:492.955px;top:493.1px;">84</div><div id="a114625_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.888px;top:493.1px;display:flex;">(29)</div><div id="a114628_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.995px;top:493.1px;">76</div><div id="a114632" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.675px;top:493.1px;">% </div><div id="a114643" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:506.4px;">Equity-to-equity </div><div id="a114648" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:518.2px;">correlation </div><div id="a114650_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.528px;top:518.2px;display:flex;">(25)</div><div id="a114653_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:518.2px;">100</div><div id="a114658_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.888px;top:518.2px;display:flex;">(25)</div><div id="a114661_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:518.2px;">100</div><div id="a114665" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.675px;top:518.2px;">% </div><div id="a114667" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:531.8px;">1 The ranges<div style="display:inline-block;width:3.5px"> </div>of significant unobservable<div style="display:inline-block;width:4.24px"> </div>inputs are represented<div style="display:inline-block;width:4.11px"> </div>in points, percentages<div style="display:inline-block;width:4.11px"> </div>and basis points.<div style="display:inline-block;width:3.95px"> </div>Points are a<div style="display:inline-block;width:3.95px"> </div>percentage of par (e.g.,<div style="display:inline-block;width:4.09px"> </div>100 points would<div style="display:inline-block;width:3.81px"> </div>be 100% of par).<div style="display:inline-block;width:10.47px"> </div>2 Weighted<div style="display:inline-block;width:3.6px"> </div>averages are<div style="display:inline-block;width:3.47px"> </div>provided </div><div id="a114670" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:541.7px;">for most non-derivative<div style="display:inline-block;width:3.93px"> </div>financial instruments<div style="display:inline-block;width:3.94px"> </div>and were calculated<div style="display:inline-block;width:4.13px"> </div>by weighting inputs<div style="display:inline-block;width:3.95px"> </div>based on the fair<div style="display:inline-block;width:3.96px"> </div>values of the<div style="display:inline-block;width:3.62px"> </div>respective instruments.<div style="display:inline-block;width:4.34px"> </div>Weighted<div style="display:inline-block;width:3.46px"> </div>averages are not<div style="display:inline-block;width:3.47px"> </div>provided for inputs<div style="display:inline-block;width:4.08px"> </div>related to Other<div style="display:inline-block;width:3.77px"> </div>financial </div><div id="a114674" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:552.1px;">liabilities designated<div style="display:inline-block;width:4.12px"> </div>at fair<div style="display:inline-block;width:3.48px"> </div>value and<div style="display:inline-block;width:4.1px"> </div>Derivative financial<div style="display:inline-block;width:4.39px"> </div>instruments,<div style="display:inline-block;width:3.78px"> </div>as this would<div style="display:inline-block;width:4.88px"> </div>not be meaningful.<div style="display:inline-block;width:12.77px"> </div>3 The<div style="display:inline-block;width:3.8px"> </div>range of<div style="display:inline-block;width:3.63px"> </div>inputs is<div style="display:inline-block;width:4.09px"> </div>not disclosed,<div style="display:inline-block;width:4.19px"> </div>as there<div style="display:inline-block;width:3.63px"> </div>is a<div style="display:inline-block;width:3.63px"> </div>dispersion of<div style="display:inline-block;width:3.61px"> </div>values<div style="display:inline-block;width:3.46px"> </div>given the<div style="display:inline-block;width:4.09px"> </div>diverse nature<div style="display:inline-block;width:4.1px"> </div>of the </div><div id="a114677" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:562.1px;">investments.<div style="display:inline-block;width:8.81px"> </div>4 Debt issued designated at fair value<div style="display:inline-block;width:4.08px"> </div>primarily consists of UBS<div style="display:inline-block;width:3.61px"> </div>structured notes, which include<div style="display:inline-block;width:3.64px"> </div>variable maturity notes with<div style="display:inline-block;width:3.62px"> </div>various equity and foreign<div style="display:inline-block;width:3.46px"> </div>exchange underlying risks,<div style="display:inline-block;width:3.74px"> </div>rates-linked<div style="display:inline-block;width:3.51px"> </div>and credit-</div><div id="a114684" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:572.5px;">linked notes, all of which<div style="display:inline-block;width:3.63px"> </div>have embedded derivative<div style="display:inline-block;width:3.76px"> </div>parameters that are considered<div style="display:inline-block;width:3.64px"> </div>to be unobservable. The<div style="display:inline-block;width:4.14px"> </div>equivalent derivative instrument<div style="display:inline-block;width:4.38px"> </div>parameters are presented in the respective<div style="display:inline-block;width:3.96px"> </div>derivative financial instruments </div><div id="a114687" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:582.4px;">lines in this table.</div></div><div id="TextBlockContainer634" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:107px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a114730" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Significant unobservable inputs in Level<div style="display:inline-block;width:5.91px"> </div>3 positions </div><div id="a114735" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23px;">This section discusses<div style="display:inline-block;width:6.32px"> </div>the significant<div style="display:inline-block;width:5.19px"> </div>unobservable inputs<div style="display:inline-block;width:5.83px"> </div>used in<div style="display:inline-block;width:5.38px"> </div>the valuation<div style="display:inline-block;width:5.4px"> </div>of Level 3<div style="display:inline-block;width:5.47px"> </div>instruments and<div style="display:inline-block;width:5.7px"> </div>assesses the </div><div id="a114738" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.7px;">potential effect that<div style="display:inline-block;width:1.66px"> </div>a change in<div style="display:inline-block;width:1.66px"> </div>each unobservable input<div style="display:inline-block;width:2.1px"> </div>in isolation<div style="display:inline-block;width:2.28px"> </div>may have<div style="display:inline-block;width:2.11px"> </div>on a fair<div style="display:inline-block;width:1.9px"> </div>value measurement. Relationships </div><div id="a114744" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">between observable and unobservable<div style="display:inline-block;width:5.18px"> </div>inputs have not been<div style="display:inline-block;width:5.15px"> </div>included in the summary below. </div><div id="a114746" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.5px;"> </div><div id="a114747" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;color:#000000;left:15.782px;top:97.2px;">Input </div><div id="a114749" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;color:#000000;left:138.365px;top:97.2px;">Description </div></div><div id="TextBlockContainer636" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:675px;height:628px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a114751" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Bond price </div><div id="a114752" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:11.8px;">equivalent </div><div id="a114754" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.262px;top:0.2px;">–</div><div id="a114755" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:131.462px;top:0.1px;"> </div><div id="a114756" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:0.2px;">Where<div style="display:inline-block;width:4.2px"> </div>market prices are<div style="display:inline-block;width:4.45px"> </div>not available<div style="display:inline-block;width:4.64px"> </div>for a bond,<div style="display:inline-block;width:4.55px"> </div>fair value is<div style="display:inline-block;width:4.58px"> </div>measured by<div style="display:inline-block;width:4.27px"> </div>comparison with<div style="display:inline-block;width:4.55px"> </div>observable pricing data<div style="display:inline-block;width:4.87px"> </div>from </div><div id="a114757" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:12.1px;">similar instruments.<div style="display:inline-block;width:4.33px"> </div>Factors considered<div style="display:inline-block;width:4.11px"> </div>when selecting<div style="display:inline-block;width:4.16px"> </div>comparable instruments include<div style="display:inline-block;width:4.78px"> </div>credit quality, maturity<div style="display:inline-block;width:4.5px"> </div>and industry </div><div id="a114758" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:24.4px;">of the issuer.<div style="display:inline-block;width:4.48px"> </div>Fair value may be<div style="display:inline-block;width:4.19px"> </div>measured either by<div style="display:inline-block;width:4.19px"> </div>a direct price<div style="display:inline-block;width:4.21px"> </div>comparison or by conversion<div style="display:inline-block;width:4.39px"> </div>of an instrument price<div style="display:inline-block;width:4.56px"> </div>into a </div><div id="a114760" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:36.2px;">yield (either as an outright yield<div style="display:inline-block;width:4.15px"> </div>or as a spread to the relevant benchmark rate<div style="display:inline-block;width:1.79px"> </div>).<div style="display:inline-block;width:2.05px"> </div></div><div id="a114764" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.262px;top:48px;">–</div><div id="a114765" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:131.462px;top:47.9px;"> </div><div id="a114766" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:48px;">For corporate<div style="display:inline-block;width:4.18px"> </div>and municipal<div style="display:inline-block;width:4.24px"> </div>bonds, the<div style="display:inline-block;width:4.38px"> </div>range represents the<div style="display:inline-block;width:4.59px"> </div>range of prices<div style="display:inline-block;width:4.72px"> </div>from reference issuances<div style="display:inline-block;width:4.48px"> </div>used in<div style="display:inline-block;width:4.16px"> </div>determining </div><div id="a114768" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:60.3px;">fair value. Bonds priced at 0 are distressed to the point that<div style="display:inline-block;width:1.32px"> </div>no recovery is expected, while prices significantly in excess of 100 </div><div id="a114770" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:72.2px;">or<div style="display:inline-block;width:4.41px"> </div>par<div style="display:inline-block;width:4.17px"> </div>relate<div style="display:inline-block;width:4.36px"> </div>to inflation<div style="display:inline-block;width:1.46px"> </div>-linked<div style="display:inline-block;width:4.42px"> </div>or structured<div style="display:inline-block;width:5.61px"> </div>issuances<div style="display:inline-block;width:4.32px"> </div>that<div style="display:inline-block;width:4.27px"> </div>pay a<div style="display:inline-block;width:5.75px"> </div>coupon in<div style="display:inline-block;width:5.25px"> </div>excess<div style="display:inline-block;width:4.26px"> </div>of<div style="display:inline-block;width:4.41px"> </div>the<div style="display:inline-block;width:4.17px"> </div>market benchmark<div style="display:inline-block;width:5.6px"> </div>as of<div style="display:inline-block;width:5.59px"> </div>the </div><div id="a114774" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:84px;">measurement date. </div><div id="a114776" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.262px;top:96.3px;">–</div><div id="a114777" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:131.462px;top:96.2px;"> </div><div id="a114778" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:96.3px;">For credit derivatives, the bond<div style="display:inline-block;width:4.19px"> </div>price range represents the range of prices used<div style="display:inline-block;width:4.1px"> </div>for reference instruments, which are typically </div><div id="a114780" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:108.1px;">converted to an equivalent<div style="display:inline-block;width:4.16px"> </div>yield or credit spread as<div style="display:inline-block;width:3.23px"> </div>part of the valuation process. </div><div id="a114783" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:128.2px;">Loan price </div><div id="a114784" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:140.1px;">equivalent </div><div id="a114786" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.262px;top:128.4px;">–</div><div id="a114787" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:131.462px;top:128.3px;"> </div><div id="a114788" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:128.4px;">Where market<div style="display:inline-block;width:4.29px"> </div>prices are not<div style="display:inline-block;width:4.27px"> </div>available for a<div style="display:inline-block;width:4.34px"> </div>traded loan, fair<div style="display:inline-block;width:4.48px"> </div>value is measured<div style="display:inline-block;width:4.11px"> </div>by comparison with<div style="display:inline-block;width:4.16px"> </div>observable pricing<div style="display:inline-block;width:4.16px"> </div>data </div><div id="a114789" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:140.3px;">for<div style="display:inline-block;width:4.89px"> </div>similar<div style="display:inline-block;width:5.13px"> </div>instruments.<div style="display:inline-block;width:5.27px"> </div>Factors<div style="display:inline-block;width:4.74px"> </div>considered<div style="display:inline-block;width:4.97px"> </div>when<div style="display:inline-block;width:5.11px"> </div>selecting<div style="display:inline-block;width:4.8px"> </div>comparable<div style="display:inline-block;width:5.2px"> </div>instruments<div style="display:inline-block;width:4.72px"> </div>include<div style="display:inline-block;width:5.11px"> </div>industry<div style="display:inline-block;width:4.64px"> </div>segment,<div style="display:inline-block;width:5.27px"> </div>collateral </div><div id="a114791" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:152.6px;">quality, maturity and issuer-specific covenants.<div style="display:inline-block;width:1.36px"> </div>Fair value may<div style="display:inline-block;width:0.88px"> </div>be measured either by<div style="display:inline-block;width:0.87px"> </div>a direct price<div style="display:inline-block;width:1.37px"> </div>comparison or by<div style="display:inline-block;width:0.85px"> </div>conversion </div><div id="a114794" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:164.4px;">of an<div style="display:inline-block;width:4.88px"> </div>instrument price<div style="display:inline-block;width:4.8px"> </div>into a<div style="display:inline-block;width:4.56px"> </div>yield. The<div style="display:inline-block;width:4.64px"> </div>range represents<div style="display:inline-block;width:4.91px"> </div>the range<div style="display:inline-block;width:4.72px"> </div>of prices<div style="display:inline-block;width:4.33px"> </div>derived<div style="display:inline-block;width:4.1px"> </div>from reference<div style="display:inline-block;width:4.33px"> </div>issuances of<div style="display:inline-block;width:4.55px"> </div>a similar </div><div id="a114797" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:176.7px;">credit quality<div style="display:inline-block;width:4.2px"> </div>used to measure<div style="display:inline-block;width:4.34px"> </div>fair value for<div style="display:inline-block;width:4.18px"> </div>loans classified as<div style="display:inline-block;width:4.55px"> </div>Level 3. Loans priced<div style="display:inline-block;width:4.64px"> </div>at 0 are distressed<div style="display:inline-block;width:5px"> </div>to the point<div style="display:inline-block;width:4.16px"> </div>that no </div><div id="a114800" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:188.5px;">recovery is expected, while a<div style="display:inline-block;width:4.21px"> </div>current price of 100 represents a loan that is expected<div style="display:inline-block;width:4.35px"> </div>to be repaid in full. </div><div id="a114803" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:208.6px;">Credit spread </div><div id="a114805" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.262px;top:208.9px;">–</div><div id="a114806" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:131.462px;top:208.7px;"> </div><div id="a114807" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:208.9px;">Valuation models for many credit<div style="display:inline-block;width:4.73px"> </div>derivatives require an input<div style="display:inline-block;width:4.76px"> </div>for the credit spread, which is<div style="display:inline-block;width:4.12px"> </div>a reflection of the<div style="display:inline-block;width:4.51px"> </div>credit quality </div><div id="a114809" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:220.7px;">of<div style="display:inline-block;width:4.41px"> </div>the<div style="display:inline-block;width:4.17px"> </div>associated<div style="display:inline-block;width:4.17px"> </div>referenced<div style="display:inline-block;width:4.3px"> </div>underlying. The<div style="display:inline-block;width:5.73px"> </div>credit<div style="display:inline-block;width:4.36px"> </div>spread<div style="display:inline-block;width:4.19px"> </div>of a<div style="display:inline-block;width:5.2px"> </div>particular<div style="display:inline-block;width:4.45px"> </div>security is<div style="display:inline-block;width:5.52px"> </div>quoted<div style="display:inline-block;width:4.16px"> </div>in<div style="display:inline-block;width:4.09px"> </div>relation<div style="display:inline-block;width:4.12px"> </div>to<div style="display:inline-block;width:4.41px"> </div>the yield<div style="display:inline-block;width:5.28px"> </div>on a </div><div id="a114812" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:233px;">benchmark security or<div style="display:inline-block;width:4.1px"> </div>reference rate, typically either US Treasury or<div style="display:inline-block;width:4.4px"> </div>ARR, and is generally expressed<div style="display:inline-block;width:4.34px"> </div>in terms of basis points. </div><div id="a114815" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:244.8px;">An increase / (decrease) in credit spread will increase / (decrease) the<div style="display:inline-block;width:1.36px"> </div>value of credit protection offered by credit default swaps </div><div id="a114821" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:256.7px;">and other<div style="display:inline-block;width:4.48px"> </div>credit derivative products.<div style="display:inline-block;width:4.62px"> </div>The income statement<div style="display:inline-block;width:4.49px"> </div>effect from such<div style="display:inline-block;width:4.63px"> </div>changes depends<div style="display:inline-block;width:4.14px"> </div>on the nature<div style="display:inline-block;width:4.65px"> </div>and direction </div><div id="a114822" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:268.9px;">of the positions held. Credit spreads<div style="display:inline-block;width:1.16px"> </div>may be negative where the<div style="display:inline-block;width:1.19px"> </div>asset is more creditworthy than<div style="display:inline-block;width:1.41px"> </div>the benchmark against which </div><div id="a114824" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:280.8px;">the spread is calculated.<div style="display:inline-block;width:4.58px"> </div>A wider credit spread<div style="display:inline-block;width:4.45px"> </div>represents decreasing creditworthiness.<div style="display:inline-block;width:4.31px"> </div>The range represents<div style="display:inline-block;width:4.2px"> </div>a diverse set of </div><div id="a114826" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:292.6px;">underlyings,<div style="display:inline-block;width:4.47px"> </div>with the<div style="display:inline-block;width:4.88px"> </div>lower end<div style="display:inline-block;width:5.27px"> </div>of the<div style="display:inline-block;width:4.88px"> </div>range representing<div style="display:inline-block;width:5.46px"> </div>credits of<div style="display:inline-block;width:4.99px"> </div>the highest<div style="display:inline-block;width:4.55px"> </div>quality<div style="display:inline-block;width:4.24px"> </div>and<div style="display:inline-block;width:4.32px"> </div>the upper<div style="display:inline-block;width:4.47px"> </div>end of<div style="display:inline-block;width:4.56px"> </div>the<div style="display:inline-block;width:4.17px"> </div>range </div><div id="a114829" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:304.9px;">representing greater levels of<div style="display:inline-block;width:4.23px"> </div>credit risk. </div><div id="a114831" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:325px;">Discount margin </div><div id="a114833" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.262px;top:325.3px;">–</div><div id="a114834" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:131.462px;top:325.1px;"> </div><div id="a114835" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:325.3px;">The discount margin<div style="display:inline-block;width:4.15px"> </div>(DM) spread represents the discount<div style="display:inline-block;width:4.12px"> </div>rates applied to present<div style="display:inline-block;width:4.51px"> </div>value cash flows of an asset to reflect<div style="display:inline-block;width:4.5px"> </div>the </div><div id="a114839" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:337.1px;">market return required for uncertainty in the estimated cash flows. DM<div style="display:inline-block;width:1.35px"> </div>spreads are a rate or rates applied on top<div style="display:inline-block;width:0.94px"> </div>of a floating </div><div id="a114841" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:348.9px;">index (e.g.,<div style="display:inline-block;width:4.2px"> </div>Secured Overnight<div style="display:inline-block;width:4.41px"> </div>Financing Rate<div style="display:inline-block;width:4.4px"> </div>(SOFR)) to discount<div style="display:inline-block;width:4.64px"> </div>expected cash<div style="display:inline-block;width:4.33px"> </div>flows. Generally, a<div style="display:inline-block;width:4.85px"> </div>decrease / (increase)<div style="display:inline-block;width:4.3px"> </div>in </div><div id="a114845" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:361.2px;">the DM in isolation would result in<div style="display:inline-block;width:4.3px"> </div>a higher / (lower) fair value. </div><div id="a114847" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.262px;top:373.1px;">–</div><div id="a114848" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:131.462px;top:372.9px;"> </div><div id="a114849" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:373.1px;">The<div style="display:inline-block;width:4.41px"> </div>high end<div style="display:inline-block;width:5.49px"> </div>of the<div style="display:inline-block;width:5.35px"> </div>range relates<div style="display:inline-block;width:5.14px"> </div>to securities<div style="display:inline-block;width:5.59px"> </div>that<div style="display:inline-block;width:4.18px"> </div>are priced<div style="display:inline-block;width:5.54px"> </div>low within<div style="display:inline-block;width:4.95px"> </div>the<div style="display:inline-block;width:4.17px"> </div>market<div style="display:inline-block;width:4.27px"> </div>relative<div style="display:inline-block;width:4.37px"> </div>to the<div style="display:inline-block;width:4.88px"> </div>expected cash<div style="display:inline-block;width:5.2px"> </div>flow </div><div id="a114850" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:385.3px;">schedule. This indicates that<div style="display:inline-block;width:4.34px"> </div>the market is pricing an increased risk of credit loss into<div style="display:inline-block;width:4.11px"> </div>the security that is greater than what is </div><div id="a114852" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:397.2px;">being<div style="display:inline-block;width:4.16px"> </div>captured by the<div style="display:inline-block;width:4.82px"> </div>expected cash<div style="display:inline-block;width:4.73px"> </div>flow generation<div style="display:inline-block;width:5.02px"> </div>process. The<div style="display:inline-block;width:4.5px"> </div>low ends of<div style="display:inline-block;width:4.71px"> </div>the ranges<div style="display:inline-block;width:4.48px"> </div>are typical<div style="display:inline-block;width:4.92px"> </div>of funding rates<div style="display:inline-block;width:4.94px"> </div>on </div><div id="a114853" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:409px;">better-quality instruments. </div><div id="a114858" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:429.1px;">Funding spread </div><div id="a114860" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.262px;top:429.3px;">–</div><div id="a114861" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:131.462px;top:429.2px;"> </div><div id="a114862" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:429.3px;">Structured financing transactions are valued using synthetic funding curves that best represent<div style="display:inline-block;width:4.11px"> </div>the assets that are pledged as </div><div id="a114864" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:441.6px;">collateral for<div style="display:inline-block;width:4.26px"> </div>the transactions.<div style="display:inline-block;width:4.17px"> </div>They are not representative<div style="display:inline-block;width:4.87px"> </div>of where<div style="display:inline-block;width:4.19px"> </div>UBS can fund itself<div style="display:inline-block;width:4.63px"> </div>on an unsecured<div style="display:inline-block;width:4.49px"> </div>basis, but<div style="display:inline-block;width:4.16px"> </div>provide </div><div id="a114866" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:453.5px;">an<div style="display:inline-block;width:4.17px"> </div>estimate of<div style="display:inline-block;width:5.05px"> </div>where UBS<div style="display:inline-block;width:5.37px"> </div>can source<div style="display:inline-block;width:4.59px"> </div>and<div style="display:inline-block;width:4.32px"> </div>deploy secured<div style="display:inline-block;width:5.28px"> </div>funding with<div style="display:inline-block;width:4.94px"> </div>counterparties for<div style="display:inline-block;width:5.27px"> </div>a given<div style="display:inline-block;width:5.12px"> </div>type of<div style="display:inline-block;width:5.2px"> </div>collateral. The </div><div id="a114867" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:465.3px;">funding spreads are expressed in terms of basis points, and if funding spreads widen, this increases the effect of discounting.<div style="display:inline-block;width:2.79px"> </div></div><div id="a114870" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.262px;top:477.6px;">–</div><div id="a114871" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:131.462px;top:477.5px;"> </div><div id="a114872" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:477.6px;">A small proportion<div style="display:inline-block;width:4.49px"> </div>of structured debt instruments and<div style="display:inline-block;width:4.56px"> </div>non-structured fixed-rate<div style="display:inline-block;width:4.14px"> </div>bonds within financial<div style="display:inline-block;width:4.14px"> </div>liabilities designated </div><div id="a114877" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:489.4px;">at fair value had an exposure to<div style="display:inline-block;width:4.17px"> </div>funding spreads that was longer in duration<div style="display:inline-block;width:4.27px"> </div>than the actively traded market. </div><div id="a114879" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:509.5px;">Volatility </div><div id="a114882" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.262px;top:509.7px;">–</div><div id="a114883" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:131.462px;top:509.6px;"> </div><div id="a114884" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:509.7px;">Volatility measures the variability of future prices for<div style="display:inline-block;width:1.15px"> </div>a particular instrument and is generally expressed as<div style="display:inline-block;width:1.33px"> </div>a percentage, where </div><div id="a114886" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:521.6px;">a higher number reflects a more volatile<div style="display:inline-block;width:4.13px"> </div>instrument, for which future price movements are<div style="display:inline-block;width:4.21px"> </div>more likely to occur. Volatility is a </div><div id="a114888" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:533.9px;">key input<div style="display:inline-block;width:4.33px"> </div>into option<div style="display:inline-block;width:4.62px"> </div>models, where<div style="display:inline-block;width:4.5px"> </div>it is used<div style="display:inline-block;width:4.64px"> </div>to derive<div style="display:inline-block;width:4.18px"> </div>a probability-based<div style="display:inline-block;width:4.45px"> </div>distribution of<div style="display:inline-block;width:4.71px"> </div>future prices for<div style="display:inline-block;width:4.67px"> </div>the underlying </div><div id="a114891" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:545.7px;">instrument.<div style="display:inline-block;width:4.88px"> </div>The<div style="display:inline-block;width:4.41px"> </div>effect<div style="display:inline-block;width:4.29px"> </div>of<div style="display:inline-block;width:4.41px"> </div>volatility<div style="display:inline-block;width:4.51px"> </div>on<div style="display:inline-block;width:4.56px"> </div>individual<div style="display:inline-block;width:4.63px"> </div>positions<div style="display:inline-block;width:4.55px"> </div>within<div style="display:inline-block;width:4.25px"> </div>the<div style="display:inline-block;width:4.17px"> </div>portfolio<div style="display:inline-block;width:4.72px"> </div>is<div style="display:inline-block;width:4.33px"> </div>driven<div style="display:inline-block;width:4.33px"> </div>primarily<div style="display:inline-block;width:4.27px"> </div>by<div style="display:inline-block;width:4.26px"> </div>whether<div style="display:inline-block;width:4.41px"> </div>the<div style="display:inline-block;width:4.65px"> </div>option </div><div id="a114893" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:557.5px;">contract is a long<div style="display:inline-block;width:4.72px"> </div>or short position. In<div style="display:inline-block;width:4.69px"> </div>most cases, the fair value<div style="display:inline-block;width:4.65px"> </div>of an option increases<div style="display:inline-block;width:4.33px"> </div>as a result of an<div style="display:inline-block;width:4.26px"> </div>increase in<div style="display:inline-block;width:4.19px"> </div>volatility </div><div id="a114895" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:569.8px;">and is<div style="display:inline-block;width:4.48px"> </div>reduced by<div style="display:inline-block;width:4.35px"> </div>a decrease<div style="display:inline-block;width:4.2px"> </div>in volatility.<div style="display:inline-block;width:4.47px"> </div>Generally, volatility<div style="display:inline-block;width:4.16px"> </div>used in<div style="display:inline-block;width:4.63px"> </div>the measurement<div style="display:inline-block;width:4.67px"> </div>of fair value<div style="display:inline-block;width:4.65px"> </div>is derived<div style="display:inline-block;width:4.25px"> </div>from active-</div><div id="a114898" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:581.7px;">market option<div style="display:inline-block;width:4.64px"> </div>prices (referred to<div style="display:inline-block;width:4.3px"> </div>as implied<div style="display:inline-block;width:4.33px"> </div>volatility). A key<div style="display:inline-block;width:4.67px"> </div>feature of<div style="display:inline-block;width:4.12px"> </div>implied volatility is<div style="display:inline-block;width:4.58px"> </div>the volatility “smile”<div style="display:inline-block;width:4.65px"> </div>or “skew,” </div><div id="a114902" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:594px;">which represents the effect of<div style="display:inline-block;width:4.16px"> </div>pricing options of different option strikes at different<div style="display:inline-block;width:4.21px"> </div>implied volatility levels. </div><div id="a114904" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.262px;top:605.8px;">–</div><div id="a114905" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:131.462px;top:605.7px;"> </div><div id="a114906" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:605.8px;">Volatilities of low interest rates tend to be much higher than volatilities of high interest rates. In addition,<div style="display:inline-block;width:4.13px"> </div>different currencies </div><div id="a114909" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:617.6px;">may have significantly different<div style="display:inline-block;width:4.23px"> </div>implied volatilities.</div></div><div id="TextBlockContainer638" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:675px;height:128px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a114952" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Input </div><div id="a114954" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:126.262px;top:0px;">Description </div><div id="a114956" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:21.8px;">Correlation </div><div id="a114958" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.262px;top:22px;">–</div><div id="a114959" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:131.462px;top:21.9px;"> </div><div id="a114960" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:22px;">Correlation measures the interrelationship between the movements of two variables. It is expressed as a percentage between<div style="display:inline-block;width:2.14px"> </div></div><div id="a114962" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:33.8px;">–100%<div style="display:inline-block;width:5.42px"> </div>and<div style="display:inline-block;width:4.8px"> </div>+100%,<div style="display:inline-block;width:4.98px"> </div>where<div style="display:inline-block;width:4.91px"> </div>+100%<div style="display:inline-block;width:4.9px"> </div>represents<div style="display:inline-block;width:5px"> </div>perfectly<div style="display:inline-block;width:5.22px"> </div>correlated<div style="display:inline-block;width:5.46px"> </div>variables<div style="display:inline-block;width:4.73px"> </div>(meaning<div style="display:inline-block;width:5.19px"> </div>a<div style="display:inline-block;width:4.97px"> </div>movement<div style="display:inline-block;width:4.89px"> </div>of<div style="display:inline-block;width:4.88px"> </div>one<div style="display:inline-block;width:4.32px"> </div>variable<div style="display:inline-block;width:5.6px"> </div>is </div><div id="a114965" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:46.1px;">associated with a<div style="display:inline-block;width:4.72px"> </div>movement of the<div style="display:inline-block;width:4.17px"> </div>other variable in the<div style="display:inline-block;width:4.4px"> </div>same direction) and –100%<div style="display:inline-block;width:4.82px"> </div>implies that the<div style="display:inline-block;width:4.33px"> </div>variables are inversely </div><div id="a114968" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:58px;">correlated<div style="display:inline-block;width:4.99px"> </div>(meaning<div style="display:inline-block;width:4.71px"> </div>a<div style="display:inline-block;width:4.97px"> </div>movement<div style="display:inline-block;width:4.42px"> </div>of<div style="display:inline-block;width:4.88px"> </div>one<div style="display:inline-block;width:4.32px"> </div>variable<div style="display:inline-block;width:4.81px"> </div>is<div style="display:inline-block;width:4.33px"> </div>associated<div style="display:inline-block;width:5.12px"> </div>with<div style="display:inline-block;width:4.41px"> </div>a<div style="display:inline-block;width:4.97px"> </div>movement<div style="display:inline-block;width:4.42px"> </div>of<div style="display:inline-block;width:4.88px"> </div>the<div style="display:inline-block;width:4.17px"> </div>other<div style="display:inline-block;width:4.8px"> </div>variable<div style="display:inline-block;width:4.81px"> </div>in<div style="display:inline-block;width:4.57px"> </div>the<div style="display:inline-block;width:4.65px"> </div>opposite </div><div id="a114969" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:69.8px;">direction). The effect of correlation on the measurement of fair value depends on the specific terms of<div style="display:inline-block;width:4.24px"> </div>the instruments being </div><div id="a114972" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:82.1px;">valued, reflecting the range of<div style="display:inline-block;width:4.1px"> </div>different payoff features within such instruments. </div><div id="a114974" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.262px;top:93.9px;">–</div><div id="a114975" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:131.462px;top:93.8px;"> </div><div id="a114976" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:93.9px;">Equity-to-FX correlation is important<div style="display:inline-block;width:4.31px"> </div>for equity options based on a currency other<div style="display:inline-block;width:4.11px"> </div>than the currency of the underlying stock. </div><div id="a114983" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:105.8px;">Equity-to-equity correlation is particularly important for<div style="display:inline-block;width:4.31px"> </div>complex options that incorporate, in some manner, different equities </div><div id="a114988" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:118.1px;">in the projected payoff. </div></div><div id="TextBlockContainer640" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:691px;height:366px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a114990" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:0px;">Equity dividend </div><div id="a114991" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:11.8px;">yields </div><div id="a114993" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.139px;top:0.2px;">–</div><div id="a114994" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:142.339px;top:0.1px;"> </div><div id="a114995" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.486px;top:0.2px;">The derivation<div style="display:inline-block;width:4.17px"> </div>of a forward<div style="display:inline-block;width:4.43px"> </div>price for an<div style="display:inline-block;width:4.41px"> </div>individual stock or<div style="display:inline-block;width:4.63px"> </div>index is important<div style="display:inline-block;width:4.24px"> </div>for measuring<div style="display:inline-block;width:4.32px"> </div>fair value for<div style="display:inline-block;width:4.18px"> </div>forward or<div style="display:inline-block;width:4.11px"> </div>swap </div><div id="a114997" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.486px;top:12.1px;">contracts and for measuring fair value using option pricing<div style="display:inline-block;width:4.27px"> </div>models. The relationship between the current stock price and the </div><div id="a114998" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.486px;top:23.9px;">forward price is based on a combination of expected<div style="display:inline-block;width:4.26px"> </div>future dividend levels and payment timings, and, to a lesser extent, the </div><div id="a115000" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.486px;top:36.2px;">relevant funding rates applicable to the stock<div style="display:inline-block;width:0.77px"> </div>in question. Dividend yields are<div style="display:inline-block;width:1.24px"> </div>generally expressed as an<div style="display:inline-block;width:1.42px"> </div>annualized percentage </div><div id="a115002" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.486px;top:48px;">of the<div style="display:inline-block;width:4.41px"> </div>share price, with<div style="display:inline-block;width:4.38px"> </div>the lowest limit<div style="display:inline-block;width:4.41px"> </div>of 0% representing<div style="display:inline-block;width:4.59px"> </div>a stock that<div style="display:inline-block;width:4.26px"> </div>is not expected<div style="display:inline-block;width:4.56px"> </div>to pay any<div style="display:inline-block;width:4.09px"> </div>dividend. The<div style="display:inline-block;width:4.15px"> </div>dividend </div><div id="a115004" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.486px;top:60.3px;">yield and<div style="display:inline-block;width:4.48px"> </div>timing represent<div style="display:inline-block;width:4.61px"> </div>the most significant<div style="display:inline-block;width:4.64px"> </div>parameter in<div style="display:inline-block;width:4.57px"> </div>determining fair<div style="display:inline-block;width:4.49px"> </div>value for<div style="display:inline-block;width:4.18px"> </div>instruments that<div style="display:inline-block;width:4.25px"> </div>are sensitive<div style="display:inline-block;width:4.2px"> </div>to an </div><div id="a115005" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.486px;top:72.2px;">equity forward price. </div><div id="a115008" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:88.5px;"> </div><div id="a115009" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:bold;font-style:normal;color:#9A3D37;left:3.679px;top:110.9px;">f) Level 3 instruments: sensitivity<div style="display:inline-block;width:5.19px"> </div>to changes in unobservable<div style="display:inline-block;width:5.12px"> </div>input assumptions </div><div id="a115017" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:138.2px;">The table below<div style="display:inline-block;width:5.49px"> </div>summarizes those financial assets<div style="display:inline-block;width:5.55px"> </div>and liabilities classified<div style="display:inline-block;width:5.39px"> </div>as Level 3 for<div style="display:inline-block;width:5.44px"> </div>which a<div style="display:inline-block;width:5.04px"> </div>change in one or<div style="display:inline-block;width:5.05px"> </div>more </div><div id="a115020" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:153.8px;">of<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:6.2px"> </div>unobservable<div style="display:inline-block;width:6.75px"> </div>inputs<div style="display:inline-block;width:6.55px"> </div>to<div style="display:inline-block;width:6.2px"> </div>reflect<div style="display:inline-block;width:6.09px"> </div>reasonably<div style="display:inline-block;width:6.77px"> </div>possible<div style="display:inline-block;width:6.64px"> </div>favorable<div style="display:inline-block;width:6.41px"> </div>and<div style="display:inline-block;width:6.55px"> </div>unfavorable<div style="display:inline-block;width:6.82px"> </div>alternative<div style="display:inline-block;width:5.71px"> </div>assumptions<div style="display:inline-block;width:7.17px"> </div>would </div><div id="a115022" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:169px;">change fair value significantly, and the estimated effect thereof. The table below does not represent the estimated effect </div><div id="a115023" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:184.6px;">of stress<div style="display:inline-block;width:5.91px"> </div>scenarios.<div style="display:inline-block;width:5.82px"> </div>Interdependencies<div style="display:inline-block;width:5.51px"> </div>between<div style="display:inline-block;width:5.56px"> </div>Level 1,<div style="display:inline-block;width:5.29px"> </div>2 and<div style="display:inline-block;width:6.39px"> </div>3 parameters<div style="display:inline-block;width:6.16px"> </div>have<div style="display:inline-block;width:5.2px"> </div>not<div style="display:inline-block;width:5.45px"> </div>been<div style="display:inline-block;width:5.13px"> </div>incorporated in<div style="display:inline-block;width:6.6px"> </div>the table. </div><div id="a115027" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:199.7px;">Furthermore, direct<div style="display:inline-block;width:5.59px"> </div>interrelationships<div style="display:inline-block;width:5.52px"> </div>between the<div style="display:inline-block;width:5.24px"> </div>Level 3 parameters<div style="display:inline-block;width:5.41px"> </div>discussed below<div style="display:inline-block;width:5.69px"> </div>are not<div style="display:inline-block;width:5.17px"> </div>a significant element<div style="display:inline-block;width:5.51px"> </div>of </div><div id="a115030" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:215.3px;">the valuation uncertainty. </div><div id="a115032" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:238px;">Sensitivity data is estimated<div style="display:inline-block;width:5.37px"> </div>using a number of<div style="display:inline-block;width:5.63px"> </div>techniques, including the<div style="display:inline-block;width:5.1px"> </div>estimation of<div style="display:inline-block;width:5.14px"> </div>price dispersion among<div style="display:inline-block;width:5.2px"> </div>different </div><div id="a115036" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:253.2px;">market participants,<div style="display:inline-block;width:5.21px"> </div>variation in<div style="display:inline-block;width:5.09px"> </div>modeling approaches<div style="display:inline-block;width:5.08px"> </div>and reasonably possible<div style="display:inline-block;width:5.8px"> </div>changes to assumptions<div style="display:inline-block;width:5.51px"> </div>used within the </div><div id="a115037" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:268.3px;">fair value measurement<div style="display:inline-block;width:5.92px"> </div>process. The<div style="display:inline-block;width:5.53px"> </div>sensitivity ranges<div style="display:inline-block;width:5.83px"> </div>are not<div style="display:inline-block;width:5.17px"> </div>always symmetrical<div style="display:inline-block;width:5.68px"> </div>around<div style="display:inline-block;width:5.62px"> </div>the fair values,<div style="display:inline-block;width:5.1px"> </div>as the inputs </div><div id="a115039" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:283.9px;">used in valuations are not<div style="display:inline-block;width:5.18px"> </div>always precisely in the middle of the favorable and<div style="display:inline-block;width:5.14px"> </div>unfavorable range. </div><div id="a115041" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:306.6px;">Sensitivity data<div style="display:inline-block;width:5.06px"> </div>is determined<div style="display:inline-block;width:5.29px"> </div>at a product<div style="display:inline-block;width:5.8px"> </div>or parameter level<div style="display:inline-block;width:5.11px"> </div>and then<div style="display:inline-block;width:5.49px"> </div>aggregated assuming<div style="display:inline-block;width:5.55px"> </div>no diversification<div style="display:inline-block;width:5.08px"> </div>benefit. </div><div id="a115043" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:321.8px;">Diversification would<div style="display:inline-block;width:6.66px"> </div>incorporate estimated<div style="display:inline-block;width:5.51px"> </div>correlations<div style="display:inline-block;width:5.23px"> </div>across different<div style="display:inline-block;width:6.13px"> </div>sensitivity results<div style="display:inline-block;width:5.18px"> </div>and,<div style="display:inline-block;width:5.24px"> </div>as such,<div style="display:inline-block;width:5.24px"> </div>would result<div style="display:inline-block;width:5.52px"> </div>in </div><div id="a115044" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:337.4px;">an<div style="display:inline-block;width:5.4px"> </div>overall<div style="display:inline-block;width:5.31px"> </div>sensitivity<div style="display:inline-block;width:5.9px"> </div>that<div style="display:inline-block;width:5.1px"> </div>would<div style="display:inline-block;width:5.81px"> </div>be<div style="display:inline-block;width:5.4px"> </div>less<div style="display:inline-block;width:5.67px"> </div>than<div style="display:inline-block;width:5.45px"> </div>the<div style="display:inline-block;width:5.25px"> </div>sum<div style="display:inline-block;width:5.3px"> </div>of<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.25px"> </div>individual<div style="display:inline-block;width:5.86px"> </div>component<div style="display:inline-block;width:5.7px"> </div>sensitivities.<div style="display:inline-block;width:5.68px"> </div>However,<div style="display:inline-block;width:5.68px"> </div>the<div style="display:inline-block;width:5.72px"> </div>Group </div><div id="a115045" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:352.5px;">believes that the diversification benefit is not<div style="display:inline-block;width:5.24px"> </div>significant to this analysis.</div></div><div id="TextBlockContainer644" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:258px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_642_XBRL_TS_1600f6310f4b4129a9975821e1ecb032" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer643" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:258px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a115051" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:2.8px;">Sensitivity of fair value measurements<div style="display:inline-block;width:4.29px"> </div>to changes in unobservable input<div style="display:inline-block;width:4.18px"> </div>assumptions</div><div id="a115052" style="position:absolute;font-family:'Frutiger';font-size:6.148px;font-weight:bold;font-style:normal;left:406.368px;top:3.5px;">1</div><div id="a115059" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:432.862px;top:18.6px;">31.12.22 </div><div id="a115062" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.008px;top:18.6px;">31.12.21 </div><div id="a115064" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:47px;">USD m </div><div id="a115067" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:35.2px;">Favorable<div style="display:inline-block;width:3.45px"> </div></div><div id="a115069" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:417.248px;top:47px;">changes </div><div id="a115071" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:478.288px;top:35.2px;">Unfavorable<div style="display:inline-block;width:2.77px"> </div></div><div id="a115073" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:492.475px;top:47px;">changes </div><div id="a115076" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.208px;top:35.2px;">Favorable<div style="display:inline-block;width:3.45px"> </div></div><div id="a115078" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.408px;top:47px;">changes </div><div id="a115080" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:634.915px;top:35.2px;">Unfavorable<div style="display:inline-block;width:2.77px"> </div></div><div id="a115082" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:648.635px;top:47px;">changes </div><div id="a115084" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:61.2px;">Traded loans, loans<div style="display:inline-block;width:3.91px"> </div>measured at fair value, loan<div style="display:inline-block;width:3.91px"> </div>commitments and guarantees </div><div id="a115087_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:437.582px;top:61.2px;">19</div><div id="a115090_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.115px;top:61.2px;display:flex;">(12)</div><div id="a115094_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:61.2px;">19</div><div id="a115097_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:61.2px;display:flex;">(13)</div><div id="a115100" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:77.3px;">Securities financing transactions </div><div id="a115103_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:437.582px;top:77.3px;">33</div><div id="a115106_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.115px;top:77.3px;display:flex;">(37)</div><div id="a115110_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:77.3px;">41</div><div id="a115113_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:77.3px;display:flex;">(53)</div><div id="a115116" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:93.8px;">Auction rate securities </div><div id="a115119_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.275px;top:93.8px;">46</div><div id="a115121" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:444.235px;top:94.5px;">2 </div><div id="a115123_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:504.808px;top:93.8px;display:flex;">(46)</div><div id="a115125" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:518.995px;top:94.5px;">2 </div><div id="a115128_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:93.8px;">66</div><div id="a115131_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:93.8px;display:flex;">(66)</div><div id="a115134" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:109.9px;">Asset-backed securities </div><div id="a115139_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:437.582px;top:109.9px;">27</div><div id="a115142_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.115px;top:109.9px;display:flex;">(27)</div><div id="a115146_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:109.9px;">20</div><div id="a115149_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:109.9px;display:flex;">(20)</div><div id="a115152" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:126.5px;">Equity instruments </div><div id="a115155_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:432.382px;top:126.5px;">183</div><div id="a115158_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:502.915px;top:126.5px;display:flex;">(161)</div><div id="a115162_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:126.5px;">173</div><div id="a115165_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.062px;top:126.5px;display:flex;">(146)</div><div id="a115168" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:142.6px;">Interest rate derivatives, net </div><div id="a115171_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.275px;top:142.6px;">18</div><div id="a115173" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:444.235px;top:143.2px;">2 </div><div id="a115175_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:504.808px;top:142.6px;display:flex;">(12)</div><div id="a115177" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:518.995px;top:143.2px;">2 </div><div id="a115180_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:142.6px;">29</div><div id="a115183_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:142.6px;display:flex;">(19)</div><div id="a115186" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:159.1px;">Credit derivatives, net </div><div id="a115189_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:442.342px;top:159.1px;">3</div><div id="a115192_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:512.848px;top:159.1px;display:flex;">(4)</div><div id="a115196_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.475px;top:159.1px;">5</div><div id="a115199_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:159.1px;display:flex;">(8)</div><div id="a115202" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:175.2px;">Foreign exchange derivatives,<div style="display:inline-block;width:3.71px"> </div>net </div><div id="a115205_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:437.582px;top:175.2px;">10</div><div id="a115208_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:512.848px;top:175.2px;display:flex;">(5)</div><div id="a115212_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:175.2px;">19</div><div id="a115215_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:175.2px;display:flex;">(11)</div><div id="a115218" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:191.8px;">Equity / index derivatives, net </div><div id="a115221_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:432.382px;top:191.8px;">361</div><div id="a115224_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:502.915px;top:191.8px;display:flex;">(330)</div><div id="a115228_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:191.8px;">368</div><div id="a115231_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.062px;top:191.8px;display:flex;">(335)</div><div id="a115234" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:207.9px;">Other </div><div id="a115237_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.275px;top:207.9px;">39</div><div id="a115239" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:444.235px;top:208.5px;">2 </div><div id="a115241_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:504.808px;top:207.9px;display:flex;">(62)</div><div id="a115243" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:518.995px;top:208.5px;">2 </div><div id="a115246_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:207.9px;">50</div><div id="a115249_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:207.9px;display:flex;">(73)</div><div id="a115252" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:223.9px;">Total </div><div id="a115255_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:432.382px;top:223.9px;">738</div><div id="a115258_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:502.915px;top:223.9px;display:flex;">(696)</div><div id="a115262_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:223.9px;">790</div><div id="a115265_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.062px;top:223.9px;display:flex;">(744)</div><div id="a115268" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:239px;">1 Sensitivity<div style="display:inline-block;width:3.47px"> </div>of issued and over-the<div style="display:inline-block;width:1.6px"> </div>-counter debt instruments<div style="display:inline-block;width:4.25px"> </div>is reported with<div style="display:inline-block;width:3.46px"> </div>the equivalent<div style="display:inline-block;width:3.93px"> </div>derivative or securities<div style="display:inline-block;width:4.39px"> </div>financing instrument.<div style="display:inline-block;width:10.57px"> </div>2 Includes refinements<div style="display:inline-block;width:4.11px"> </div>applied in estimating<div style="display:inline-block;width:4.25px"> </div>valuation uncertainty<div style="display:inline-block;width:3.78px"> </div>across </div><div id="a115274" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:249.4px;">various parameters.</div></div></div></div><div id="TextBlockContainer646" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:95px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a115318" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">g) Level 3 instruments: movements<div style="display:inline-block;width:5.45px"> </div>during the period </div><div id="a115326" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.8px;">The table below<div style="display:inline-block;width:5.96px"> </div>presents additional<div style="display:inline-block;width:5.73px"> </div>information about<div style="display:inline-block;width:5.27px"> </div>material movements in<div style="display:inline-block;width:5.24px"> </div>Level 3<div style="display:inline-block;width:5.04px"> </div>assets and<div style="display:inline-block;width:5.23px"> </div>liabilities measured at </div><div id="a115333" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.9px;">fair value on a recurring basis,<div style="display:inline-block;width:5.14px"> </div>excluding any related hedging<div style="display:inline-block;width:5.7px"> </div>activity. </div><div id="a115337" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:66.1px;">Assets and<div style="display:inline-block;width:5.38px"> </div>liabilities transferred<div style="display:inline-block;width:5.18px"> </div>into or<div style="display:inline-block;width:5.03px"> </div>out of<div style="display:inline-block;width:5.13px"> </div>Level 3 are presented<div style="display:inline-block;width:6.07px"> </div>as if those<div style="display:inline-block;width:5.5px"> </div>assets or<div style="display:inline-block;width:5.35px"> </div>liabilities had<div style="display:inline-block;width:5.32px"> </div>been transferred </div><div id="a115341" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:81.2px;">at the beginning of<div style="display:inline-block;width:5.04px"> </div>the year.</div></div><div id="TextBlockContainer649" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:691px;height:432px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a115344" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Movements of Level 3<div style="display:inline-block;width:4.15px"> </div>instruments </div><div id="a115358" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:72.1px;">USD bn </div><div id="a115360" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:166.928px;top:48.4px;">Balance at </div><div id="a115361" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:155.102px;top:60.2px;">the beginning </div><div id="a115363" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:158.408px;top:72.1px;">of the period </div><div id="a115366" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:218.035px;top:13.4px;">Net gains / </div><div id="a115367" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:236.035px;top:25.2px;">losses </div><div id="a115368" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:217.555px;top:37.1px;">included in </div><div id="a115369" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:227.488px;top:48.4px;">compre- </div><div id="a115372" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:230.328px;top:60.2px;">hensive </div><div id="a115373" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:228.435px;top:72.1px;">income</div><div id="a115374" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:254.475px;top:72.7px;">1</div><div id="a115376" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:271.502px;top:13.4px;">of which: </div><div id="a115377" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:270.088px;top:25.2px;">related to </div><div id="a115378" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:262.995px;top:37.1px;">instruments </div><div id="a115379" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:265.822px;top:48.4px;">held at the </div><div id="a115380" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:267.715px;top:60.2px;">end of the </div><div id="a115381" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:281.902px;top:72.1px;">period </div><div id="a115384" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:317.408px;top:72.1px;">Purchases </div><div id="a115386" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:374.662px;top:72.1px;">Sales </div><div id="a115388" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.062px;top:72.1px;">Issuances </div><div id="a115390" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:447.075px;top:72.1px;">Settlements </div><div id="a115392" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.488px;top:48.4px;">Transfers<div style="display:inline-block;width:3.37px"> </div></div><div id="a115394" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:60.2px;">into<div style="display:inline-block;width:2.56px"> </div></div><div id="a115396" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:508.115px;top:72.1px;">Level 3 </div><div id="a115398" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:546.422px;top:48.4px;">Transfers<div style="display:inline-block;width:3.4px"> </div></div><div id="a115400" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:556.848px;top:60.2px;">out of<div style="display:inline-block;width:2.62px"> </div></div><div id="a115402" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.075px;top:72.1px;">Level 3 </div><div id="a115404" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.942px;top:48.4px;">Foreign<div style="display:inline-block;width:2.86px"> </div></div><div id="a115406" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.635px;top:60.2px;">currency<div style="display:inline-block;width:2.69px"> </div></div><div id="a115408" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.595px;top:72.1px;">translation </div><div id="a115410" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:645.315px;top:48.4px;">Balance at </div><div id="a115411" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.222px;top:60.2px;">the end </div><div id="a115413" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:636.808px;top:72.1px;">of the period </div><div id="a115429" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:3.679px;top:89.1px;">For the twelve months ended<div style="display:inline-block;width:4.01px"> </div>31 December 2022</div><div id="a115430" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:182.568px;top:89.7px;">2</div><div id="a115458" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:107.5px;">Financial assets at fair value held<div style="display:inline-block;width:4.06px"> </div>for </div><div id="a115459" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:119.4px;">trading </div><div id="a115461_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.968px;top:119.4px;">2.3</div><div id="a115465_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:240.768px;top:119.4px;display:flex;">(0.3)</div><div id="a115468_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:288.555px;top:119.4px;display:flex;">(0.3)</div><div id="a115472_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.088px;top:119.4px;">0.3</div><div id="a115475_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:376.555px;top:119.4px;display:flex;">(1.8)</div><div id="a115478_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:425.288px;top:119.4px;">0.5</div><div id="a115481" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:477.822px;top:119.4px;">0.0</div><div id="a115483_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:521.355px;top:119.4px;">0.7</div><div id="a115486_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:562.062px;top:119.4px;display:flex;">(0.3)</div><div id="a115489_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:609.848px;top:119.4px;display:flex;">(0.0)</div><div id="a115492_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:671.355px;top:119.4px;">1.5</div><div id="a115495" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:131.7px;">of which: Investment fund units </div><div id="a115497_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:131.7px;">0.0</div><div id="a115501_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:240.288px;top:131.7px;display:flex;">(0.0)</div><div id="a115504_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.088px;top:131.7px;display:flex;">(0.0)</div><div id="a115508_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:131.7px;">0.0</div><div id="a115511_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:376.075px;top:131.7px;display:flex;">(0.0)</div><div id="a115514" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:131.7px;">0.0</div><div id="a115516" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:477.822px;top:131.7px;">0.0</div><div id="a115518_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:131.7px;">0.1</div><div id="a115521_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:561.582px;top:131.7px;display:flex;">(0.0)</div><div id="a115524_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:609.382px;top:131.7px;display:flex;">(0.0)</div><div id="a115527_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:131.7px;">0.1</div><div id="a115530" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:144.9px;">of which: Corporate and municipal </div><div id="a115531" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:156.3px;">bonds </div><div id="a115533_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:156.3px;">0.6</div><div id="a115537_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:240.288px;top:156.3px;display:flex;">(0.0)</div><div id="a115540_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.088px;top:156.3px;display:flex;">(0.0)</div><div id="a115544_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:156.3px;">0.3</div><div id="a115547_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:376.075px;top:156.3px;display:flex;">(0.6)</div><div id="a115550" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:156.3px;">0.0</div><div id="a115552" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:477.822px;top:156.3px;">0.0</div><div id="a115554_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:156.3px;">0.4</div><div id="a115557_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:561.582px;top:156.3px;display:flex;">(0.0)</div><div id="a115560_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:609.382px;top:156.3px;display:flex;">(0.0)</div><div id="a115563_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:156.3px;">0.5</div><div id="a115566" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:169.5px;">of which: Loans </div><div id="a115568_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:169.5px;">1.4</div><div id="a115572_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:240.288px;top:169.5px;display:flex;">(0.1)</div><div id="a115575_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.088px;top:169.5px;display:flex;">(0.1)</div><div id="a115579_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:169.5px;">0.0</div><div id="a115582_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:376.075px;top:169.5px;display:flex;">(1.1)</div><div id="a115585_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:169.5px;">0.5</div><div id="a115588" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:477.822px;top:169.5px;">0.0</div><div id="a115590" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:169.5px;">0.0</div><div id="a115592_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:561.582px;top:169.5px;display:flex;">(0.2)</div><div id="a115595_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:614.582px;top:169.5px;">0.0</div><div id="a115598_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:169.5px;">0.6</div><div id="a115615" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:188.4px;">Derivative financial instruments – </div><div id="a115618" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:200.3px;">assets </div><div id="a115620_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.968px;top:200.3px;">1.1</div><div id="a115624_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:245.022px;top:200.3px;">0.6</div><div id="a115627_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:292.808px;top:200.3px;">0.3</div><div id="a115631" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.555px;top:200.3px;">0.0</div><div id="a115633" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:381.275px;top:200.3px;">0.0</div><div id="a115635_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:425.288px;top:200.3px;">0.4</div><div id="a115638_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:473.088px;top:200.3px;display:flex;">(0.7)</div><div id="a115641_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:521.355px;top:200.3px;">0.1</div><div id="a115644_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:562.062px;top:200.3px;display:flex;">(0.0)</div><div id="a115647_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:609.848px;top:200.3px;display:flex;">(0.0)</div><div id="a115650_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:671.355px;top:200.3px;">1.5</div><div id="a115653" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:212.6px;">of which: Interest rate </div><div id="a115655_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:212.6px;">0.5</div><div id="a115659_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:245.488px;top:212.6px;">0.3</div><div id="a115662_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:293.288px;top:212.6px;">0.3</div><div id="a115666" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:212.6px;">0.0</div><div id="a115668" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:381.275px;top:212.6px;">0.0</div><div id="a115670_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:212.6px;">0.0</div><div id="a115673_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:472.608px;top:212.6px;display:flex;">(0.2)</div><div id="a115676_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:212.6px;">0.0</div><div id="a115679_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:561.582px;top:212.6px;display:flex;">(0.1)</div><div id="a115682_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:609.382px;top:212.6px;display:flex;">(0.0)</div><div id="a115685_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:212.6px;">0.5</div><div id="a115688" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:225.4px;">of which: Equity / index </div><div id="a115690_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:225.4px;">0.4</div><div id="a115694_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:245.488px;top:225.4px;">0.2</div><div id="a115697_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:293.288px;top:225.4px;">0.1</div><div id="a115701" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:225.4px;">0.0</div><div id="a115703" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:381.275px;top:225.4px;">0.0</div><div id="a115705_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:225.4px;">0.4</div><div id="a115708_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:472.608px;top:225.4px;display:flex;">(0.3)</div><div id="a115711_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:225.4px;">0.1</div><div id="a115714_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:561.582px;top:225.4px;display:flex;">(0.0)</div><div id="a115717_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:609.382px;top:225.4px;display:flex;">(0.0)</div><div id="a115720_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:225.4px;">0.7</div><div id="a115723" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:238.6px;">of which: Credit </div><div id="a115725_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:238.6px;">0.2</div><div id="a115729_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:245.488px;top:238.6px;">0.1</div><div id="a115732_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.088px;top:238.6px;display:flex;">(0.1)</div><div id="a115736" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:238.6px;">0.0</div><div id="a115738" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:381.275px;top:238.6px;">0.0</div><div id="a115740_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:238.6px;">0.0</div><div id="a115743_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:472.608px;top:238.6px;display:flex;">(0.2)</div><div id="a115746" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:238.6px;">0.0</div><div id="a115748_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:566.782px;top:238.6px;">0.1</div><div id="a115751_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:614.582px;top:238.6px;">0.0</div><div id="a115754_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:238.6px;">0.3</div><div id="a115771" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:256.6px;">Financial assets at fair value not<div style="display:inline-block;width:3.76px"> </div>held </div><div id="a115772" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:268.4px;">for trading </div><div id="a115774_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.968px;top:268.4px;">4.2</div><div id="a115778_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:245.022px;top:268.4px;">0.1</div><div id="a115781_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:292.808px;top:268.4px;">0.1</div><div id="a115785_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.088px;top:268.4px;">0.7</div><div id="a115788_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:376.555px;top:268.4px;display:flex;">(1.2)</div><div id="a115791_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:425.288px;top:268.4px;">0.1</div><div id="a115794_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:473.088px;top:268.4px;display:flex;">(0.0)</div><div id="a115797_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:521.355px;top:268.4px;">0.2</div><div id="a115800_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:562.062px;top:268.4px;display:flex;">(0.3)</div><div id="a115803_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:609.848px;top:268.4px;display:flex;">(0.0)</div><div id="a115806_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:671.355px;top:268.4px;">3.7</div><div id="a115809" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:280.7px;">of which: Loans </div><div id="a115811_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:280.7px;">0.9</div><div id="a115815_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:240.288px;top:280.7px;display:flex;">(0.0)</div><div id="a115818_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.088px;top:280.7px;display:flex;">(0.0)</div><div id="a115822_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:280.7px;">0.4</div><div id="a115825_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:376.075px;top:280.7px;display:flex;">(0.4)</div><div id="a115828_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:280.7px;">0.1</div><div id="a115831" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:477.822px;top:280.7px;">0.0</div><div id="a115833_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:280.7px;">0.1</div><div id="a115836_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:561.582px;top:280.7px;display:flex;">(0.3)</div><div id="a115839_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:609.382px;top:280.7px;display:flex;">(0.0)</div><div id="a115842_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:280.7px;">0.7</div><div id="a115845" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:293.5px;">of which: Auction rate securities </div><div id="a115847_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:293.5px;">1.6</div><div id="a115851_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:245.488px;top:293.5px;">0.1</div><div id="a115854_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:293.288px;top:293.5px;">0.0</div><div id="a115858" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:293.5px;">0.0</div><div id="a115860_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:376.075px;top:293.5px;display:flex;">(0.3)</div><div id="a115863" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:293.5px;">0.0</div><div id="a115865" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:477.822px;top:293.5px;">0.0</div><div id="a115867" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:293.5px;">0.0</div><div id="a115869" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:566.782px;top:293.5px;">0.0</div><div id="a115871" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:614.582px;top:293.5px;">0.0</div><div id="a115873_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:293.5px;">1.3</div><div id="a115876" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:306.7px;">of which: Equity instruments </div><div id="a115878_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:306.7px;">0.7</div><div id="a115882_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:245.488px;top:306.7px;">0.0</div><div id="a115885_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:293.288px;top:306.7px;">0.0</div><div id="a115889_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:306.7px;">0.1</div><div id="a115892_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:376.075px;top:306.7px;display:flex;">(0.1)</div><div id="a115895" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:306.7px;">0.0</div><div id="a115897" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:477.822px;top:306.7px;">0.0</div><div id="a115899_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:306.7px;">0.1</div><div id="a115902" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:566.782px;top:306.7px;">0.0</div><div id="a115904_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:609.382px;top:306.7px;display:flex;">(0.0)</div><div id="a115907_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:306.7px;">0.8</div><div id="a115924" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:324.7px;">Derivative financial instruments – </div><div id="a115927" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:336.5px;">liabilities </div><div id="a115929_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.968px;top:336.5px;">2.2</div><div id="a115933_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:240.768px;top:336.5px;display:flex;">(0.8)</div><div id="a115936_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:288.555px;top:336.5px;display:flex;">(0.4)</div><div id="a115940" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.555px;top:336.5px;">0.0</div><div id="a115942" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:381.275px;top:336.5px;">0.0</div><div id="a115944_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:425.288px;top:336.5px;">1.1</div><div id="a115947_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:473.088px;top:336.5px;display:flex;">(0.9)</div><div id="a115950_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:521.355px;top:336.5px;">0.3</div><div id="a115953_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:562.062px;top:336.5px;display:flex;">(0.2)</div><div id="a115956_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:609.848px;top:336.5px;display:flex;">(0.1)</div><div id="a115959_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:671.355px;top:336.5px;">1.7</div><div id="a115962" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:348.8px;">of which: Interest rate </div><div id="a115964_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:348.8px;">0.3</div><div id="a115968_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:240.288px;top:348.8px;display:flex;">(0.3)</div><div id="a115971_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.088px;top:348.8px;display:flex;">(0.0)</div><div id="a115975" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:348.8px;">0.0</div><div id="a115977" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:381.275px;top:348.8px;">0.0</div><div id="a115979_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:348.8px;">0.1</div><div id="a115982_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:472.608px;top:348.8px;display:flex;">(0.0)</div><div id="a115985_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:348.8px;">0.0</div><div id="a115988_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:561.582px;top:348.8px;display:flex;">(0.0)</div><div id="a115991_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:609.382px;top:348.8px;display:flex;">(0.0)</div><div id="a115994_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:348.8px;">0.1</div><div id="a115997" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:362.1px;">of which: Equity / index </div><div id="a115999_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:362.1px;">1.5</div><div id="a116003_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:240.288px;top:362.1px;display:flex;">(0.4)</div><div id="a116006_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.088px;top:362.1px;display:flex;">(0.3)</div><div id="a116010" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:362.1px;">0.0</div><div id="a116012" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:381.275px;top:362.1px;">0.0</div><div id="a116014_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:362.1px;">0.8</div><div id="a116017_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:472.608px;top:362.1px;display:flex;">(0.7)</div><div id="a116020_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:362.1px;">0.1</div><div id="a116023_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:561.582px;top:362.1px;display:flex;">(0.2)</div><div id="a116026_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:609.382px;top:362.1px;display:flex;">(0.0)</div><div id="a116029_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:362.1px;">1.2</div><div id="a116032" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:374.8px;">of which: Credit </div><div id="a116034_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:374.8px;">0.3</div><div id="a116038_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:240.288px;top:374.8px;display:flex;">(0.1)</div><div id="a116041_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.088px;top:374.8px;display:flex;">(0.0)</div><div id="a116045" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:374.8px;">0.0</div><div id="a116047" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:381.275px;top:374.8px;">0.0</div><div id="a116049_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:374.8px;">0.1</div><div id="a116052_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:472.608px;top:374.8px;display:flex;">(0.1)</div><div id="a116055_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:374.8px;">0.1</div><div id="a116058_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:561.582px;top:374.8px;display:flex;">(0.0)</div><div id="a116061_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:609.382px;top:374.8px;display:flex;">(0.0)</div><div id="a116064_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:374.8px;">0.3</div><div id="a116081" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:392.8px;">Debt issued designated at fair value</div><div id="a116082" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:133.822px;top:393.5px;">3</div><div id="a116084_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:188.235px;top:392.8px;">14.2</div><div id="a116088_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:240.768px;top:392.8px;display:flex;">(2.2)</div><div id="a116091_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:288.555px;top:392.8px;display:flex;">(1.8)</div><div id="a116095" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.555px;top:392.8px;">0.0</div><div id="a116097" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:381.275px;top:392.8px;">0.0</div><div id="a116099_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:425.288px;top:392.8px;">4.7</div><div id="a116102_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:473.088px;top:392.8px;display:flex;">(3.1)</div><div id="a116105_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:521.355px;top:392.8px;">0.7</div><div id="a116108_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:562.062px;top:392.8px;display:flex;">(3.4)</div><div id="a116111_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:609.848px;top:392.8px;display:flex;">(0.3)</div><div id="a116114_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:666.635px;top:392.8px;">10.5</div><div id="a116131" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:410.3px;">Other financial liabilities designated at </div><div id="a116132" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:421.7px;">fair value </div><div id="a116134_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.968px;top:421.7px;">0.8</div><div id="a116138_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:240.768px;top:421.7px;display:flex;">(0.1)</div><div id="a116141_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:288.555px;top:421.7px;display:flex;">(0.1)</div><div id="a116145" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.555px;top:421.7px;">0.0</div><div id="a116147" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:381.275px;top:421.7px;">0.0</div><div id="a116149_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:425.288px;top:421.7px;">0.0</div><div id="a116152_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:473.088px;top:421.7px;display:flex;">(0.1)</div><div id="a116155_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:521.355px;top:421.7px;">0.0</div><div id="a116158_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:562.062px;top:421.7px;display:flex;">(0.0)</div><div id="a116161_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:609.848px;top:421.7px;display:flex;">(0.0)</div><div id="a116164_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:671.355px;top:421.7px;">0.7</div></div><div id="TextBlockContainer653" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:397px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a116168" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:0px;">For the twelve months ended<div style="display:inline-block;width:4.01px"> </div>31 December 2021 </div><div id="a116196" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:17.5px;">Financial assets at fair value held<div style="display:inline-block;width:4.06px"> </div>for </div><div id="a116197" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:29.3px;">trading </div><div id="a116199_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.47px;top:29.3px;">2.3</div><div id="a116203_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:240.27px;top:29.3px;display:flex;">(0.0)</div><div id="a116206_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.057px;top:29.3px;display:flex;">(0.1)</div><div id="a116210_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:339.644px;top:29.3px;">0.3</div><div id="a116213_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:375.11px;top:29.3px;display:flex;">(1.6)</div><div id="a116216_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.844px;top:29.3px;">1.2</div><div id="a116219" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.377px;top:29.3px;">0.0</div><div id="a116221_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.91px;top:29.3px;">0.3</div><div id="a116224_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.617px;top:29.3px;display:flex;">(0.3)</div><div id="a116227_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:608.404px;top:29.3px;display:flex;">(0.0)</div><div id="a116230_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.444px;top:29.3px;">2.3</div><div id="a116233" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:41.6px;">of which: Investment fund units </div><div id="a116236_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:41.6px;">0.0</div><div id="a116240_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:239.79px;top:41.6px;display:flex;">(0.0)</div><div id="a116243_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:287.59px;top:41.6px;display:flex;">(0.0)</div><div id="a116247_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:41.6px;">0.0</div><div id="a116250_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:374.63px;top:41.6px;display:flex;">(0.0)</div><div id="a116253" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:41.6px;">0.0</div><div id="a116255" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:476.377px;top:41.6px;">0.0</div><div id="a116257_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:41.6px;">0.0</div><div id="a116260_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.137px;top:41.6px;display:flex;">(0.0)</div><div id="a116263_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.937px;top:41.6px;display:flex;">(0.0)</div><div id="a116266_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.91px;top:41.6px;">0.0</div><div id="a116269" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:54.4px;">of which: Corporate and municipal </div><div id="a116270" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:66.2px;">bonds </div><div id="a116272_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:66.2px;">0.8</div><div id="a116276_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:244.99px;top:66.2px;">0.0</div><div id="a116279_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:287.59px;top:66.2px;display:flex;">(0.0)</div><div id="a116283_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:66.2px;">0.2</div><div id="a116286_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:374.63px;top:66.2px;display:flex;">(0.4)</div><div id="a116289" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:66.2px;">0.0</div><div id="a116291" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:476.377px;top:66.2px;">0.0</div><div id="a116293_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:66.2px;">0.0</div><div id="a116296_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.137px;top:66.2px;display:flex;">(0.1)</div><div id="a116299_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.937px;top:66.2px;display:flex;">(0.0)</div><div id="a116302_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.91px;top:66.2px;">0.6</div><div id="a116305" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:79.5px;">of which: Loans </div><div id="a116307_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:79.5px;">1.1</div><div id="a116311_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:244.99px;top:79.5px;">0.0</div><div id="a116314_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:287.59px;top:79.5px;display:flex;">(0.0)</div><div id="a116318_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:79.5px;">0.0</div><div id="a116321_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:374.63px;top:79.5px;display:flex;">(0.8)</div><div id="a116324_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:79.5px;">1.2</div><div id="a116327" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:476.377px;top:79.5px;">0.0</div><div id="a116329_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:79.5px;">0.0</div><div id="a116332_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.137px;top:79.5px;display:flex;">(0.2)</div><div id="a116335_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.137px;top:79.5px;">0.0</div><div id="a116338_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.91px;top:79.5px;">1.4</div><div id="a116355" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:98.4px;">Derivative financial instruments – </div><div id="a116358" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:110.3px;">assets </div><div id="a116360_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.47px;top:110.3px;">1.8</div><div id="a116364_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:240.27px;top:110.3px;display:flex;">(0.2)</div><div id="a116367_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.057px;top:110.3px;display:flex;">(0.1)</div><div id="a116371" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:340.11px;top:110.3px;">0.0</div><div id="a116373" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:110.3px;">0.0</div><div id="a116375_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.844px;top:110.3px;">0.5</div><div id="a116378_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:471.644px;top:110.3px;display:flex;">(0.7)</div><div id="a116381_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.91px;top:110.3px;">0.1</div><div id="a116384_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.617px;top:110.3px;display:flex;">(0.3)</div><div id="a116387_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:608.404px;top:110.3px;display:flex;">(0.0)</div><div id="a116390_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.444px;top:110.3px;">1.1</div><div id="a116393" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:122.5px;">of which: Interest rate </div><div id="a116396_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:122.5px;">0.5</div><div id="a116400_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:244.99px;top:122.5px;">0.1</div><div id="a116403_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:292.79px;top:122.5px;">0.1</div><div id="a116407" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:122.5px;">0.0</div><div id="a116409" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:379.83px;top:122.5px;">0.0</div><div id="a116411_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:122.5px;">0.1</div><div id="a116414_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:471.164px;top:122.5px;display:flex;">(0.2)</div><div id="a116417_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:122.5px;">0.0</div><div id="a116420_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.137px;top:122.5px;display:flex;">(0.1)</div><div id="a116423_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.937px;top:122.5px;display:flex;">(0.0)</div><div id="a116426_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.91px;top:122.5px;">0.5</div><div id="a116429" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:135.3px;">of which: Equity / index </div><div id="a116431_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:135.3px;">0.9</div><div id="a116435_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:239.79px;top:135.3px;display:flex;">(0.1)</div><div id="a116438_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:287.59px;top:135.3px;display:flex;">(0.1)</div><div id="a116442" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:135.3px;">0.0</div><div id="a116444" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:379.83px;top:135.3px;">0.0</div><div id="a116446_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:135.3px;">0.3</div><div id="a116449_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:471.164px;top:135.3px;display:flex;">(0.4)</div><div id="a116452_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:135.3px;">0.0</div><div id="a116455_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.137px;top:135.3px;display:flex;">(0.2)</div><div id="a116458_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.937px;top:135.3px;display:flex;">(0.0)</div><div id="a116461_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.91px;top:135.3px;">0.4</div><div id="a116464" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:148.6px;">of which: Credit </div><div id="a116466_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:148.6px;">0.3</div><div id="a116470_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:239.79px;top:148.6px;display:flex;">(0.1)</div><div id="a116473_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:287.59px;top:148.6px;display:flex;">(0.1)</div><div id="a116477" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:148.6px;">0.0</div><div id="a116479" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:379.83px;top:148.6px;">0.0</div><div id="a116481_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:148.6px;">0.0</div><div id="a116484_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:471.164px;top:148.6px;display:flex;">(0.1)</div><div id="a116487_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:148.6px;">0.0</div><div id="a116490_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.137px;top:148.6px;display:flex;">(0.0)</div><div id="a116493_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.137px;top:148.6px;">0.0</div><div id="a116496_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.91px;top:148.6px;">0.2</div><div id="a116513" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:167.5px;">Financial assets at fair value not<div style="display:inline-block;width:3.76px"> </div>held </div><div id="a116514" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:179.3px;">for trading </div><div id="a116516_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.47px;top:179.3px;">3.9</div><div id="a116520_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.524px;top:179.3px;">0.1</div><div id="a116523_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:292.31px;top:179.3px;">0.1</div><div id="a116527_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:339.644px;top:179.3px;">1.0</div><div id="a116530_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:375.11px;top:179.3px;display:flex;">(0.6)</div><div id="a116533" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:424.324px;top:179.3px;">0.0</div><div id="a116535_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:475.897px;top:179.3px;">0.0</div><div id="a116538_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.91px;top:179.3px;">0.1</div><div id="a116541_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.617px;top:179.3px;display:flex;">(0.3)</div><div id="a116544_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:608.404px;top:179.3px;display:flex;">(0.0)</div><div id="a116547_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.444px;top:179.3px;">4.2</div><div id="a116550" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:191.6px;">of which: Loans </div><div id="a116553_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:191.6px;">0.9</div><div id="a116557_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:239.79px;top:191.6px;display:flex;">(0.0)</div><div id="a116560_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:292.79px;top:191.6px;">0.0</div><div id="a116564_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:191.6px;">0.6</div><div id="a116567_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:374.63px;top:191.6px;display:flex;">(0.3)</div><div id="a116570" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:191.6px;">0.0</div><div id="a116572" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:476.377px;top:191.6px;">0.0</div><div id="a116574_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:191.6px;">0.0</div><div id="a116577_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.137px;top:191.6px;display:flex;">(0.3)</div><div id="a116580_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.937px;top:191.6px;display:flex;">(0.0)</div><div id="a116583_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.91px;top:191.6px;">0.9</div><div id="a116586" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:204.4px;">of which: Auction rate securities </div><div id="a116588_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:204.4px;">1.5</div><div id="a116592_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:244.99px;top:204.4px;">0.1</div><div id="a116595_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:292.79px;top:204.4px;">0.1</div><div id="a116599" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:204.4px;">0.0</div><div id="a116601" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:379.83px;top:204.4px;">0.0</div><div id="a116603" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:204.4px;">0.0</div><div id="a116605" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:476.377px;top:204.4px;">0.0</div><div id="a116607" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:204.4px;">0.0</div><div id="a116609" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:565.337px;top:204.4px;">0.0</div><div id="a116611" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.137px;top:204.4px;">0.0</div><div id="a116613_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.91px;top:204.4px;">1.6</div><div id="a116616" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:217.6px;">of which: Equity instruments </div><div id="a116618_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:217.6px;">0.5</div><div id="a116622_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:244.99px;top:217.6px;">0.1</div><div id="a116625_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:292.79px;top:217.6px;">0.1</div><div id="a116629_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:217.6px;">0.1</div><div id="a116632_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:374.63px;top:217.6px;display:flex;">(0.1)</div><div id="a116635" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:217.6px;">0.0</div><div id="a116637_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:476.377px;top:217.6px;">0.0</div><div id="a116640_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:217.6px;">0.0</div><div id="a116643_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.137px;top:217.6px;display:flex;">(0.0)</div><div id="a116646_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.937px;top:217.6px;display:flex;">(0.0)</div><div id="a116649_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.91px;top:217.6px;">0.7</div><div id="a116666" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:236.6px;">Derivative financial instruments – </div><div id="a116669" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:248.4px;">liabilities </div><div id="a116671_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.47px;top:248.4px;">3.5</div><div id="a116675_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.524px;top:248.4px;">0.2</div><div id="a116678_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.057px;top:248.4px;display:flex;">(0.0)</div><div id="a116682_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:339.644px;top:248.4px;">0.0</div><div id="a116685" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:248.4px;">0.0</div><div id="a116687_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.844px;top:248.4px;">0.9</div><div id="a116690_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:471.644px;top:248.4px;display:flex;">(1.8)</div><div id="a116693_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.91px;top:248.4px;">0.0</div><div id="a116696_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.617px;top:248.4px;display:flex;">(0.5)</div><div id="a116699_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:608.404px;top:248.4px;display:flex;">(0.0)</div><div id="a116702_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.444px;top:248.4px;">2.2</div><div id="a116705" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:260.7px;">of which: Interest rate </div><div id="a116708_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:260.7px;">0.5</div><div id="a116712_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:239.79px;top:260.7px;display:flex;">(0.1)</div><div id="a116715_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:287.59px;top:260.7px;display:flex;">(0.1)</div><div id="a116719" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:260.7px;">0.0</div><div id="a116721" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:379.83px;top:260.7px;">0.0</div><div id="a116723_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:260.7px;">0.0</div><div id="a116726_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:471.164px;top:260.7px;display:flex;">(0.1)</div><div id="a116729" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:260.7px;">0.0</div><div id="a116731_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.137px;top:260.7px;display:flex;">(0.0)</div><div id="a116734_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.937px;top:260.7px;display:flex;">(0.0)</div><div id="a116737_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.91px;top:260.7px;">0.3</div><div id="a116740" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:273.9px;">of which: Equity / index </div><div id="a116742_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:273.9px;">2.3</div><div id="a116746_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:244.99px;top:273.9px;">0.3</div><div id="a116749_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:292.79px;top:273.9px;">0.1</div><div id="a116753" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:273.9px;">0.0</div><div id="a116755" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:379.83px;top:273.9px;">0.0</div><div id="a116757_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:273.9px;">0.8</div><div id="a116760_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:471.164px;top:273.9px;display:flex;">(1.5)</div><div id="a116763_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:273.9px;">0.0</div><div id="a116766_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.137px;top:273.9px;display:flex;">(0.4)</div><div id="a116769_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.937px;top:273.9px;display:flex;">(0.0)</div><div id="a116772_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.91px;top:273.9px;">1.5</div><div id="a116775" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:286.7px;">of which: Credit </div><div id="a116777_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:286.7px;">0.5</div><div id="a116781_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:239.79px;top:286.7px;display:flex;">(0.1)</div><div id="a116784_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:287.59px;top:286.7px;display:flex;">(0.1)</div><div id="a116788_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:286.7px;">0.0</div><div id="a116791" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:379.83px;top:286.7px;">0.0</div><div id="a116793_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:286.7px;">0.0</div><div id="a116796_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:471.164px;top:286.7px;display:flex;">(0.0)</div><div id="a116799" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:286.7px;">0.0</div><div id="a116801_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.137px;top:286.7px;display:flex;">(0.1)</div><div id="a116804_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.937px;top:286.7px;display:flex;">(0.0)</div><div id="a116807_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.91px;top:286.7px;">0.3</div><div id="a116824" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:304.7px;">Debt issued designated at fair value </div><div id="a116826_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:187.737px;top:304.7px;">11.0</div><div id="a116830_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.524px;top:304.7px;">0.7</div><div id="a116833_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:292.31px;top:304.7px;">0.6</div><div id="a116837" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:340.11px;top:304.7px;">0.0</div><div id="a116839" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:304.7px;">0.0</div><div id="a116841_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.844px;top:304.7px;">8.0</div><div id="a116844_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:471.644px;top:304.7px;display:flex;">(4.2)</div><div id="a116847_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.91px;top:304.7px;">0.2</div><div id="a116850_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.617px;top:304.7px;display:flex;">(1.2)</div><div id="a116853_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:608.404px;top:304.7px;display:flex;">(0.2)</div><div id="a116856_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.71px;top:304.7px;">14.2</div><div id="a116873" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:323.1px;">Other financial liabilities designated at </div><div id="a116874" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:334.5px;">fair value </div><div id="a116876_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.47px;top:334.5px;">0.7</div><div id="a116880_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.524px;top:334.5px;">0.0</div><div id="a116883_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:292.31px;top:334.5px;">0.0</div><div id="a116887" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:340.11px;top:334.5px;">0.0</div><div id="a116889" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:334.5px;">0.0</div><div id="a116891_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.844px;top:334.5px;">0.4</div><div id="a116894_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:471.644px;top:334.5px;display:flex;">(0.2)</div><div id="a116897" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.377px;top:334.5px;">0.0</div><div id="a116899_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.617px;top:334.5px;display:flex;">(0.0)</div><div id="a116902_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:608.404px;top:334.5px;display:flex;">(0.0)</div><div id="a116905_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.444px;top:334.5px;">0.8</div><div id="a116908" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:348.6px;">1 Net gains / losses included in comprehensive<div style="display:inline-block;width:3.95px"> </div>income are recognized in Net interest<div style="display:inline-block;width:3.79px"> </div>income and Other net income<div style="display:inline-block;width:3.45px"> </div>from financial instruments<div style="display:inline-block;width:3.88px"> </div>measured at fair value through profit<div style="display:inline-block;width:3.48px"> </div>or loss in the Income statement,<div style="display:inline-block;width:3.46px"> </div>and </div><div id="a116913" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:358.5px;">also in<div style="display:inline-block;width:3.46px"> </div>Gains /<div style="display:inline-block;width:4.26px"> </div>(losses) from<div style="display:inline-block;width:4.4px"> </div>own credit<div style="display:inline-block;width:4.25px"> </div>on financial<div style="display:inline-block;width:4.83px"> </div>liabilities<div style="display:inline-block;width:3.61px"> </div>designated at<div style="display:inline-block;width:3.8px"> </div>fair value,<div style="display:inline-block;width:4.89px"> </div>before tax<div style="display:inline-block;width:4.26px"> </div>in the<div style="display:inline-block;width:3.63px"> </div>Statement<div style="display:inline-block;width:3.94px"> </div>of comprehensive<div style="display:inline-block;width:4.39px"> </div>income.<div style="display:inline-block;width:12.44px"> </div>2 Total<div style="display:inline-block;width:4.27px"> </div>Level 3<div style="display:inline-block;width:3.55px"> </div>assets as<div style="display:inline-block;width:4.11px"> </div>of 31 December<div style="display:inline-block;width:4.63px"> </div>2022<div style="display:inline-block;width:3.52px"> </div>were USD </div><div id="a116913_203_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:663.709px;top:358.5px;">6.8</div><div id="a116913_206_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:674.113px;top:358.5px;">bn </div><div id="a116919" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:368.4px;">(31 December 2021:<div style="display:inline-block;width:3.87px"> </div>USD </div><div id="a116919_23_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:86.413px;top:368.4px;">7.6</div><div id="a116919_26_63" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:96.817px;top:368.4px;">bn). Total Level<div style="display:inline-block;width:3.72px"> </div>3 liabilities<div style="display:inline-block;width:3.63px"> </div>as of 31 December<div style="display:inline-block;width:3.85px"> </div>2022 were<div style="display:inline-block;width:3.84px"> </div>USD </div><div id="a116919_89_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:299.404px;top:368.4px;">13.0</div><div id="a116919_93_26" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:314.064px;top:368.4px;">bn (31 December<div style="display:inline-block;width:3.53px"> </div>2021: USD </div><div id="a116919_119_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:407.733px;top:368.4px;">17.4</div><div id="a116919_123_21" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:422.866px;top:368.4px;">bn).<div style="display:inline-block;width:9.63px"> </div>3 Of the<div style="display:inline-block;width:3.48px"> </div>USD </div><div id="a116919_144_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:489.545px;top:368.4px;">2.2</div><div id="a116919_147_59" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:499.949px;top:368.4px;">bn in net gains<div style="display:inline-block;width:3.64px"> </div>/ losses<div style="display:inline-block;width:3.46px"> </div>that is included<div style="display:inline-block;width:3.79px"> </div>in comprehensive </div><div id="a116929" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:378.8px;">income, USD </div><div id="a116929_12_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:45.742px;top:378.8px;">1.7</div><div id="a116929_15_49" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:56.619px;top:378.8px;">bn is recognized<div style="display:inline-block;width:3.78px"> </div>in the Income<div style="display:inline-block;width:3.78px"> </div>statement and<div style="display:inline-block;width:3.63px"> </div>USD </div><div id="a116929_64_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:220.243px;top:378.8px;">0.5</div><div id="a116929_67_145" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:231.12px;top:378.8px;">bn is recognized<div style="display:inline-block;width:3.78px"> </div>in the Statement<div style="display:inline-block;width:4.11px"> </div>of comprehensive<div style="display:inline-block;width:3.92px"> </div>income in<div style="display:inline-block;width:3.39px"> </div>Gains / (losses)<div style="display:inline-block;width:4.13px"> </div>from own credit<div style="display:inline-block;width:3.93px"> </div>on financial liabilities<div style="display:inline-block;width:4.41px"> </div>designated at fair<div style="display:inline-block;width:3.96px"> </div>value, </div><div id="a116932" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:388.8px;">before tax.</div></div><div id="TextBlockContainer656" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:186px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a116978" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">h) Maximum exposure to credit risk<div style="display:inline-block;width:5.21px"> </div>for financial instruments measured<div style="display:inline-block;width:5.2px"> </div>at fair value </div><div id="a116983" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.8px;">The tables<div style="display:inline-block;width:5.03px"> </div>below provide<div style="display:inline-block;width:5.62px"> </div>the Group’s<div style="display:inline-block;width:5.15px"> </div>maximum exposure<div style="display:inline-block;width:5.28px"> </div>to credit risk<div style="display:inline-block;width:5.55px"> </div>for financial<div style="display:inline-block;width:5.22px"> </div>instruments measured<div style="display:inline-block;width:5.68px"> </div>at fair value </div><div id="a116987" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.9px;">and<div style="display:inline-block;width:7.97px"> </div>the<div style="display:inline-block;width:7.62px"> </div>respective<div style="display:inline-block;width:7.71px"> </div>collateral<div style="display:inline-block;width:7.89px"> </div>and<div style="display:inline-block;width:7.97px"> </div>other<div style="display:inline-block;width:7.66px"> </div>credit<div style="display:inline-block;width:7.87px"> </div>enhancements<div style="display:inline-block;width:8.39px"> </div>mitigating<div style="display:inline-block;width:7.87px"> </div>credit<div style="display:inline-block;width:8.34px"> </div>risk<div style="display:inline-block;width:7.36px"> </div>for<div style="display:inline-block;width:7.94px"> </div>these<div style="display:inline-block;width:7.98px"> </div>classes<div style="display:inline-block;width:7.41px"> </div>of<div style="display:inline-block;width:8.09px"> </div>financial </div><div id="a116989" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:58.5px;">instruments.<div style="display:inline-block;width:4.41px"> </div></div><div id="a116991" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:81.2px;">The maximum exposure<div style="display:inline-block;width:6.06px"> </div>to credit risk<div style="display:inline-block;width:5.08px"> </div>includes the<div style="display:inline-block;width:5.13px"> </div>carrying amounts<div style="display:inline-block;width:5.24px"> </div>of financial instruments<div style="display:inline-block;width:5.66px"> </div>recognized on<div style="display:inline-block;width:5.62px"> </div>the balance </div><div id="a116992" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:96.3px;">sheet subject to credit risk<div style="display:inline-block;width:2.07px"> </div>and the notional amounts for off-balance sheet arrangements. Where information is available, </div><div id="a116996" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:111.5px;">collateral is presented at fair<div style="display:inline-block;width:5.44px"> </div>value. For other collateral,<div style="display:inline-block;width:5.14px"> </div>such as real estate,<div style="display:inline-block;width:5.2px"> </div>a reasonable alternative<div style="display:inline-block;width:5.14px"> </div>value is used. Credit </div><div id="a117000" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:127.1px;">enhancements,<div style="display:inline-block;width:6.13px"> </div>such<div style="display:inline-block;width:5.93px"> </div>as<div style="display:inline-block;width:5.72px"> </div>credit<div style="display:inline-block;width:5.5px"> </div>derivative<div style="display:inline-block;width:5.9px"> </div>contracts<div style="display:inline-block;width:5.74px"> </div>and<div style="display:inline-block;width:6.08px"> </div>guarantees,<div style="display:inline-block;width:6.13px"> </div>are<div style="display:inline-block;width:5.76px"> </div>included<div style="display:inline-block;width:6.07px"> </div>at<div style="display:inline-block;width:5.05px"> </div>their<div style="display:inline-block;width:5.47px"> </div>notional<div style="display:inline-block;width:6.12px"> </div>amounts.<div style="display:inline-block;width:6.51px"> </div>Both<div style="display:inline-block;width:5.66px"> </div>are </div><div id="a117002" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:142.3px;">capped<div style="display:inline-block;width:5.13px"> </div>at the<div style="display:inline-block;width:5.68px"> </div>maximum exposure<div style="display:inline-block;width:6.23px"> </div>to credit<div style="display:inline-block;width:5.66px"> </div>risk for<div style="display:inline-block;width:5.94px"> </div>which they<div style="display:inline-block;width:5.83px"> </div>serve as<div style="display:inline-block;width:5.99px"> </div>security. The<div style="display:inline-block;width:6.74px"> </div>“Risk<div style="display:inline-block;width:5.08px"> </div>management and<div style="display:inline-block;width:6.33px"> </div>control” </div><div id="a117003" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:157.9px;">section of this<div style="display:inline-block;width:5.45px"> </div>report describes<div style="display:inline-block;width:6.01px"> </div>management’s view<div style="display:inline-block;width:5.4px"> </div>of credit<div style="display:inline-block;width:5.18px"> </div>risk and<div style="display:inline-block;width:5.5px"> </div>the related exposures,<div style="display:inline-block;width:6.66px"> </div>which can differ<div style="display:inline-block;width:5.02px"> </div>in certain </div><div id="a117004" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:173px;">respects from the requirements of IFRS.</div></div><div id="TextBlockContainer660" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:478px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_658_XBRL_TS_5529911d6e1746baa7769b84c8af0f06" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer659" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:478px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a117008" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Maximum exposure to credit<div style="display:inline-block;width:4.28px"> </div>risk<div style="display:inline-block;width:2.93px"> </div></div><div id="a117017" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:427.662px;top:15.8px;">31.12.22 </div><div id="a117021" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:225.128px;top:57.4px;">Maximum </div><div id="a117023" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:218.502px;top:69.2px;">exposure to </div><div id="a117025" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:225.595px;top:80.6px;">credit risk </div><div id="a117027" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:350.062px;top:31.4px;">Collateral </div><div id="a117030" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:509.062px;top:31.4px;">Credit enhancements </div><div id="a117032" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:635.382px;top:33.7px;">Exposure to </div><div id="a117033" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:642.955px;top:45.6px;">credit risk </div><div id="a117034" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:625.928px;top:57.4px;">after collateral </div><div id="a117035" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:642.008px;top:69.2px;">and credit </div><div id="a117036" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:625.928px;top:80.6px;">enhancements </div><div id="a117038" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:80.6px;">USD bn </div><div id="a117041" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:297.542px;top:57.4px;">Cash </div><div id="a117043" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:282.382px;top:69.2px;">collateral </div><div id="a117045" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:285.715px;top:80.6px;">received </div><div id="a117047" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:321.662px;top:45.6px;">Collateralized </div><div id="a117048" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:322.128px;top:57.4px;">by equity and </div><div id="a117049" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:354.795px;top:69.2px;">debt </div><div id="a117050" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:328.755px;top:80.6px;">instruments </div><div id="a117052" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:381.755px;top:69.2px;">Secured by </div><div id="a117054" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.168px;top:80.6px;">real estate </div><div id="a117056" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:447.555px;top:69.2px;">Other<div style="display:inline-block;width:2.45px"> </div></div><div id="a117058" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:435.222px;top:80.6px;">collateral </div><div id="a117061" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:80.6px;">Netting </div><div id="a117063" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:545.942px;top:57.4px;">Credit </div><div id="a117065" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:532.702px;top:69.2px;">derivative </div><div id="a117067" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:534.595px;top:80.6px;">contracts </div><div id="a117069" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:578.128px;top:80.6px;">Guarantees<div style="display:inline-block;width:2.82px"> </div></div><div id="a117071" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:92.9px;">Financial assets measured at<div style="display:inline-block;width:3.38px"> </div></div><div id="a117073" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:104.7px;">fair value on the balance<div style="display:inline-block;width:3.78px"> </div>sheet</div><div id="a117074" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:115.822px;top:105.3px;">1</div><div id="a117087" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:117.9px;">Financial assets at fair value<div style="display:inline-block;width:3.53px"> </div></div><div id="a117089" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:129.3px;">held for trading – debt instruments</div><div id="a117094" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:130.982px;top:129.9px;">2,3</div><div id="a117097_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:244.075px;top:129.3px;">16.5</div><div id="a117105" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:514.728px;top:129.3px;"><div style="display:inline-block;width:2.37px"> </div></div><div id="a117109_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:661.435px;top:129.3px;">16.5</div><div id="a117112" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:143px;">Derivative financial instruments</div><div id="a117114" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:117.235px;top:143.7px;">4</div><div id="a117117_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:239.342px;top:143px;">150.1</div><div id="a117121_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:359.048px;top:143px;">5.9</div><div id="a117127_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:492.955px;top:143px;">133.5</div><div id="a117132_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:661.435px;top:143px;">10.7</div><div id="a117135" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:157.7px;">Brokerage receivables </div><div id="a117139_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:244.075px;top:157.7px;">17.6</div><div id="a117143_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:354.328px;top:157.7px;">17.3</div><div id="a117152_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:666.155px;top:157.7px;">0.3</div><div id="a117155" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:171.4px;">Financial assets at fair value not<div style="display:inline-block;width:3.4px"> </div></div><div id="a117157" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:182.8px;">held for trading – debt instruments</div><div id="a117161" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:130.982px;top:183.4px;">5</div><div id="a117164_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:244.075px;top:182.8px;">44.8</div><div id="a117168_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:354.328px;top:182.8px;">11.4</div><div id="a117177_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:661.435px;top:182.8px;">33.4</div><div id="a117180" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:196px;">Total financial assets<div style="display:inline-block;width:3.87px"> </div>measured at fair value </div><div id="a117184_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:239.342px;top:196.5px;">229.0</div><div id="a117187_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:303.222px;top:196.5px;">0.0</div><div id="a117190_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:354.328px;top:196.5px;">34.6</div><div id="a117193_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:408.742px;top:196.5px;">0.0</div><div id="a117196_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.062px;top:196.5px;">0.0</div><div id="a117200_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:492.955px;top:196.5px;">133.5</div><div id="a117203_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:555.435px;top:196.5px;">0.0</div><div id="a117206_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:607.488px;top:196.5px;">0.0</div><div id="a117209_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:661.435px;top:196.5px;">61.0</div><div id="a117212" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:210.2px;">Guarantees</div><div id="a117214" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:44.854px;top:210.9px;">6</div><div id="a117217_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:248.808px;top:210.7px;">0.2</div><div id="a117227_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:607.488px;top:210.7px;">0.2</div><div id="a117230_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:666.155px;top:210.7px;">0.0</div><div id="a117247" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:427.662px;top:230.6px;">31.12.21 </div><div id="a117251" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:225.128px;top:271.7px;">Maximum </div><div id="a117253" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:218.502px;top:283.5px;">exposure to </div><div id="a117255" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:226.075px;top:295.4px;">credit risk </div><div id="a117257" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:350.062px;top:246.2px;">Collateral </div><div id="a117260" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.062px;top:246.2px;">Credit enhancements </div><div id="a117262" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.862px;top:248.5px;">Exposure to </div><div id="a117263" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:643.422px;top:260.3px;">credit risk </div><div id="a117264" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:626.408px;top:271.7px;">after collateral </div><div id="a117265" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:642.008px;top:283.5px;">and credit </div><div id="a117266" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:625.928px;top:295.4px;">enhancements </div><div id="a117268" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:295.4px;">USD bn </div><div id="a117271" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:297.542px;top:271.7px;">Cash </div><div id="a117273" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:282.382px;top:283.5px;">collateral </div><div id="a117275" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:285.715px;top:295.4px;">received </div><div id="a117277" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:322.128px;top:260.3px;">Collateralized </div><div id="a117278" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:322.128px;top:271.7px;">by equity and </div><div id="a117279" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:354.795px;top:283.5px;">debt </div><div id="a117280" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:328.755px;top:295.4px;">instruments </div><div id="a117282" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:381.755px;top:283.5px;">Secured by </div><div id="a117284" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:383.168px;top:295.4px;">real estate </div><div id="a117286" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:447.555px;top:283.5px;">Other<div style="display:inline-block;width:2.45px"> </div></div><div id="a117288" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.222px;top:295.4px;">collateral </div><div id="a117291" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:487.742px;top:295.4px;">Netting </div><div id="a117293" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:545.942px;top:271.7px;">Credit </div><div id="a117295" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.702px;top:283.5px;">derivative </div><div id="a117297" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:534.595px;top:295.4px;">contracts </div><div id="a117299" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.608px;top:295.4px;">Guarantees<div style="display:inline-block;width:2.82px"> </div></div><div id="a117301" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:307.7px;">Financial assets measured at<div style="display:inline-block;width:3.38px"> </div></div><div id="a117303" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:319.5px;">fair value on the balance<div style="display:inline-block;width:3.78px"> </div>sheet</div><div id="a117304" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:115.822px;top:320.1px;">1</div><div id="a117317" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:332.3px;">Financial assets at fair value<div style="display:inline-block;width:3.53px"> </div></div><div id="a117319" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:344.1px;">held for trading – debt instruments</div><div id="a117324" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:130.982px;top:344.7px;">2,3</div><div id="a117327_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.075px;top:344.1px;">22.4</div><div id="a117335" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:514.728px;top:344.1px;"><div style="display:inline-block;width:2.37px"> </div></div><div id="a117339_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.435px;top:344.1px;">22.4</div><div id="a117342" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:357.8px;">Derivative financial instruments</div><div id="a117343" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:117.235px;top:358.4px;">4</div><div id="a117346_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:239.342px;top:357.8px;">118.1</div><div id="a117350_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:359.528px;top:357.8px;">4.2</div><div id="a117356_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:492.955px;top:357.8px;">103.2</div><div id="a117361_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.435px;top:357.8px;">10.7</div><div id="a117364" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:372px;">Brokerage receivables </div><div id="a117368_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.075px;top:372px;">21.8</div><div id="a117372_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:354.328px;top:372px;">21.6</div><div id="a117381_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:666.635px;top:372px;">0.2</div><div id="a117384" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:385.7px;">Financial assets at fair value not<div style="display:inline-block;width:3.4px"> </div></div><div id="a117386" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:397.6px;">held for trading – debt instruments</div><div id="a117390" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:130.982px;top:398.2px;">5</div><div id="a117393_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.075px;top:397.6px;">37.0</div><div id="a117397_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:354.328px;top:397.6px;">11.2</div><div id="a117406_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.435px;top:397.6px;">25.7</div><div id="a117409" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:410.3px;">Total financial assets<div style="display:inline-block;width:3.87px"> </div>measured at fair value </div><div id="a117413_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:239.342px;top:410.3px;">199.4</div><div id="a117416_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:303.222px;top:410.3px;">0.0</div><div id="a117419_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:354.328px;top:410.3px;">37.1</div><div id="a117422_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.742px;top:410.3px;">0.0</div><div id="a117425_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.062px;top:410.3px;">0.0</div><div id="a117429_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:492.955px;top:410.3px;">103.2</div><div id="a117432_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:555.435px;top:410.3px;">0.0</div><div id="a117435_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.488px;top:410.3px;">0.0</div><div id="a117438_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.435px;top:410.3px;">59.1</div><div id="a117441" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:425px;">Guarantees</div><div id="a117442" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:44.854px;top:425.6px;">6</div><div id="a117445_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:249.275px;top:425px;">0.2</div><div id="a117455_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.955px;top:425px;">0.2</div><div id="a117458_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:666.635px;top:425px;">0.0</div><div id="a117461" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:439.1px;">1 The maximum exposure<div style="display:inline-block;width:3.63px"> </div>to loss is generally<div style="display:inline-block;width:3.45px"> </div>equal to the carrying amount<div style="display:inline-block;width:3.48px"> </div>and subject to change<div style="display:inline-block;width:3.65px"> </div>over time with market<div style="display:inline-block;width:4.31px"> </div>movements.<div style="display:inline-block;width:9.12px"> </div>2 These positions<div style="display:inline-block;width:3.94px"> </div>are generally managed under the<div style="display:inline-block;width:4.13px"> </div>market risk framework.<div style="display:inline-block;width:3.94px"> </div>For </div><div id="a117463" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:449.5px;">the purpose of this<div style="display:inline-block;width:3.47px"> </div>disclosure, collateral<div style="display:inline-block;width:3.93px"> </div>and credit enhancements<div style="display:inline-block;width:4.12px"> </div>were not considered.<div style="display:inline-block;width:10.41px"> </div>3 Does not include<div style="display:inline-block;width:3.82px"> </div>investment fund<div style="display:inline-block;width:3.62px"> </div>units.<div style="display:inline-block;width:9.3px"> </div>4 The<div style="display:inline-block;width:3.39px"> </div>amount shown in the<div style="display:inline-block;width:3.62px"> </div>“Netting” column<div style="display:inline-block;width:3.86px"> </div>represents the<div style="display:inline-block;width:3.47px"> </div>netting potential </div><div id="a117469" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:459.4px;">not recognized on the balance<div style="display:inline-block;width:3.8px"> </div>sheet. Refer to Note<div style="display:inline-block;width:3.73px"> </div>21 for more information.<div style="display:inline-block;width:10.09px"> </div>5 Financial assets<div style="display:inline-block;width:3.56px"> </div>at fair value not<div style="display:inline-block;width:3.63px"> </div>held for trading collateralized<div style="display:inline-block;width:4.25px"> </div>by securities consisted<div style="display:inline-block;width:3.94px"> </div>of structured loans and reverse<div style="display:inline-block;width:3.95px"> </div>repurchase and </div><div id="a117476" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:469.4px;">securities borrowing agreements.<div style="display:inline-block;width:9.92px"> </div>6 The amount<div style="display:inline-block;width:3.56px"> </div>shown in the “Guarantees”<div style="display:inline-block;width:3.82px"> </div>column largely relates to<div style="display:inline-block;width:3.62px"> </div>sub-participations.</div></div></div></div><div id="TextBlockContainer662" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:593px;height:41px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a117527" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">i) Financial instruments not measured<div style="display:inline-block;width:5.11px"> </div>at fair value </div><div id="a117533" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.8px;">The table below provides<div style="display:inline-block;width:5.17px"> </div>the estimated fair values of financial instruments<div style="display:inline-block;width:5.44px"> </div>not measured<div style="display:inline-block;width:5.13px"> </div>at fair value.</div></div><div id="TextBlockContainer665" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:409px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a117545" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Financial instruments not measured<div style="display:inline-block;width:4.74px"> </div>at fair value </div><div id="a117561" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:288.088px;top:15.8px;">31.12.22 </div><div id="a117564" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.048px;top:15.8px;">31.12.21 </div><div id="a117568" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:188.715px;top:30px;">Carrying </div><div id="a117569" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:191.555px;top:41.3px;">amount </div><div id="a117572" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:312.208px;top:41.3px;">Fair value </div><div id="a117575" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:446.608px;top:30px;">Carrying </div><div id="a117576" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.968px;top:41.3px;">amount </div><div id="a117579" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:567.262px;top:41.3px;">Fair value </div><div id="a117581" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:89.1px;">USD bn </div><div id="a117584" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:201.475px;top:89.1px;">Total </div><div id="a117587" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:249.755px;top:53.6px;">Carrying </div><div id="a117588" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:252.115px;top:65.5px;">amount </div><div id="a117589" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:231.275px;top:77.3px;">approximates </div><div id="a117590" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:244.075px;top:89.1px;">fair value</div><div id="a117591" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:277.648px;top:89.7px;">1</div><div id="a117593" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:291.875px;top:89.1px;">Level<div style="display:inline-block;width:2.58px"> </div>1 </div><div id="a117596" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:328.755px;top:89.1px;">Level 2 </div><div id="a117598" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:365.675px;top:89.1px;">Level 3 </div><div id="a117600" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:410.635px;top:89.1px;">Total </div><div id="a117603" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:458.902px;top:89.1px;">Total </div><div id="a117606" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:507.168px;top:53.6px;">Carrying </div><div id="a117607" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.528px;top:65.5px;">amount </div><div id="a117608" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:488.688px;top:77.3px;">approximates </div><div id="a117609" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.022px;top:89.1px;">fair value</div><div id="a117610" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:534.128px;top:89.7px;">1</div><div id="a117612" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:547.875px;top:89.1px;">Level 1 </div><div id="a117614" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.808px;top:89.1px;">Level 2 </div><div id="a117616" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:620.248px;top:89.1px;">Level 3 </div><div id="a117618" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:89.1px;">Total </div><div id="a117620" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:102.8px;">Assets </div><div id="a117638" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:119.4px;">Cash and balances at central banks </div><div id="a117642_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:197.702px;top:119.4px;">169.4</div><div id="a117646_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:258.728px;top:119.4px;">169.4</div><div id="a117649_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:119.4px;">0.1</div><div id="a117652_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:119.4px;">0.0</div><div id="a117655_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:119.4px;">0.0</div><div id="a117658_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:406.848px;top:119.4px;">169.4</div><div id="a117662_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.115px;top:119.4px;">192.8</div><div id="a117666_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:515.675px;top:119.4px;">192.7</div><div id="a117669_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:119.4px;">0.1</div><div id="a117672_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:119.4px;">0.0</div><div id="a117675_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:119.4px;">0.0</div><div id="a117678_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.008px;top:119.4px;">192.8</div><div id="a117681" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:135.5px;">Loans and advances to banks </div><div id="a117684_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:202.422px;top:135.5px;">14.8</div><div id="a117688_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.462px;top:135.5px;">14.0</div><div id="a117691_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:135.5px;">0.0</div><div id="a117694_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:135.5px;">0.7</div><div id="a117697_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:135.5px;">0.0</div><div id="a117700_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:135.5px;">14.8</div><div id="a117704_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.848px;top:135.5px;">15.5</div><div id="a117708_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.408px;top:135.5px;">14.8</div><div id="a117711_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:135.5px;">0.0</div><div id="a117714_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:135.5px;">0.7</div><div id="a117717_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:135.5px;">0.0</div><div id="a117720_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.742px;top:135.5px;">15.5</div><div id="a117723" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:150.1px;">Receivables from securities financing </div><div id="a117724" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:162px;">transactions measured at amortized cost </div><div id="a117727_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:202.422px;top:162px;">67.8</div><div id="a117731_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.462px;top:162px;">64.3</div><div id="a117734_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:162px;">0.0</div><div id="a117737_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:162px;">1.8</div><div id="a117740_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:162px;">1.7</div><div id="a117743_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:162px;">67.8</div><div id="a117747_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.848px;top:162px;">75.0</div><div id="a117751_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.408px;top:162px;">71.6</div><div id="a117754_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:162px;">0.0</div><div id="a117757_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:162px;">1.3</div><div id="a117760_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:162px;">2.1</div><div id="a117763_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.742px;top:162px;">75.0</div><div id="a117766" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:175.2px;">Cash collateral receivables on derivative </div><div id="a117767" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:186.5px;">instruments </div><div id="a117770_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:202.422px;top:186.5px;">35.0</div><div id="a117774_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.462px;top:186.5px;">35.0</div><div id="a117777_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:186.5px;">0.0</div><div id="a117780_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:186.5px;">0.0</div><div id="a117783_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:186.5px;">0.0</div><div id="a117786_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:186.5px;">35.0</div><div id="a117790_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.848px;top:186.5px;">30.5</div><div id="a117794_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.408px;top:186.5px;">30.5</div><div id="a117797_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:186.5px;">0.0</div><div id="a117800_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:186.5px;">0.0</div><div id="a117803_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:186.5px;">0.0</div><div id="a117806_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.742px;top:186.5px;">30.5</div><div id="a117809" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:200.8px;">Loans and advances to customers </div><div id="a117812_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:197.702px;top:200.8px;">387.2</div><div id="a117816_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:258.728px;top:200.8px;">134.3</div><div id="a117819_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:200.8px;">0.0</div><div id="a117822_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.302px;top:200.8px;">45.9</div><div id="a117825_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:369.462px;top:200.8px;">194.7</div><div id="a117828_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:406.848px;top:200.8px;">374.9</div><div id="a117832_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.115px;top:200.8px;">397.8</div><div id="a117836_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:515.675px;top:200.8px;">163.1</div><div id="a117839_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:200.8px;">0.0</div><div id="a117842_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.328px;top:200.8px;">43.8</div><div id="a117845_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:624.035px;top:200.8px;">190.1</div><div id="a117848_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.008px;top:200.8px;">396.9</div><div id="a117851" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:215px;">Other financial assets measured at amortized </div><div id="a117852" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:226.8px;">cost</div><div id="a117853" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:18.339px;top:227.4px;">2</div><div id="a117856_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:202.422px;top:226.8px;">53.3</div><div id="a117860_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.462px;top:226.8px;">12.9</div><div id="a117863_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:300.382px;top:226.8px;">10.3</div><div id="a117866_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.302px;top:226.8px;">25.1</div><div id="a117869_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:226.8px;">2.5</div><div id="a117872_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:226.8px;">50.8</div><div id="a117876_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.848px;top:226.8px;">26.2</div><div id="a117880_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.608px;top:226.8px;">4.1</div><div id="a117883_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:226.8px;">9.3</div><div id="a117886_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.328px;top:226.8px;">10.7</div><div id="a117889_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:226.8px;">2.4</div><div id="a117892_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.742px;top:226.8px;">26.5</div><div id="a117895" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:241.4px;">Liabilities </div><div id="a117913" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:258px;">Amounts due to banks </div><div id="a117916_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:202.422px;top:258px;">11.6</div><div id="a117920_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:268.195px;top:258px;">8.9</div><div id="a117923_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:258px;">0.0</div><div id="a117926_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:258px;">2.7</div><div id="a117929_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:258px;">0.0</div><div id="a117932_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:258px;">11.6</div><div id="a117936_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.848px;top:258px;">13.1</div><div id="a117940_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.608px;top:258px;">9.1</div><div id="a117943_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:258px;">0.0</div><div id="a117946_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:258px;">4.0</div><div id="a117949_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:258px;">0.0</div><div id="a117952_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.742px;top:258px;">13.1</div><div id="a117955" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:272.7px;">Payables from securities financing </div><div id="a117956" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:284px;">transactions measured at amortized cost </div><div id="a117959_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:207.155px;top:284px;">4.2</div><div id="a117963_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:268.195px;top:284px;">3.5</div><div id="a117966_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:284px;">0.0</div><div id="a117969_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:284px;">0.7</div><div id="a117972_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:284px;">0.0</div><div id="a117975_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:416.302px;top:284px;">4.2</div><div id="a117979_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.048px;top:284px;">5.5</div><div id="a117983_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.608px;top:284px;">4.1</div><div id="a117986_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:284px;">0.0</div><div id="a117989_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:284px;">1.5</div><div id="a117992_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:284px;">0.0</div><div id="a117995_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.942px;top:284px;">5.5</div><div id="a117998" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:297.3px;">Cash collateral payables on derivative </div><div id="a117999" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:309.1px;">instruments </div><div id="a118002_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:202.422px;top:309.1px;">36.4</div><div id="a118006_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.462px;top:309.1px;">36.4</div><div id="a118009_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:309.1px;">0.0</div><div id="a118012_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:309.1px;">0.0</div><div id="a118015_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:309.1px;">0.0</div><div id="a118018_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:309.1px;">36.4</div><div id="a118022_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.848px;top:309.1px;">31.8</div><div id="a118026_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.408px;top:309.1px;">31.8</div><div id="a118029_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:309.1px;">0.0</div><div id="a118032_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:309.1px;">0.0</div><div id="a118035_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:309.1px;">0.0</div><div id="a118038_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.742px;top:309.1px;">31.8</div><div id="a118041" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:323.8px;">Customer deposits </div><div id="a118044_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:197.702px;top:323.8px;">525.1</div><div id="a118048_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:258.728px;top:323.8px;">491.3</div><div id="a118051_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:323.8px;">0.0</div><div id="a118054_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.302px;top:323.8px;">33.6</div><div id="a118057_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:323.8px;">0.0</div><div id="a118060_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:406.848px;top:323.8px;">524.8</div><div id="a118064_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.115px;top:323.8px;">542.0</div><div id="a118068_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:515.675px;top:323.8px;">535.4</div><div id="a118071_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:323.8px;">0.0</div><div id="a118074_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:323.8px;">6.6</div><div id="a118077_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:323.8px;">0.0</div><div id="a118080_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.008px;top:323.8px;">542.0</div><div id="a118083" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:339.8px;">Debt issued measured at amortized cost </div><div id="a118086_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:197.702px;top:339.8px;">114.6</div><div id="a118090_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.462px;top:339.8px;">15.4</div><div id="a118093_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:339.8px;">0.0</div><div id="a118096_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.302px;top:339.8px;">98.1</div><div id="a118099_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:339.8px;">0.0</div><div id="a118102_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:406.848px;top:339.8px;">113.5</div><div id="a118106_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.115px;top:339.8px;">139.2</div><div id="a118110_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.408px;top:339.8px;">15.8</div><div id="a118113_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:339.8px;">0.0</div><div id="a118116_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.595px;top:339.8px;">125.3</div><div id="a118119_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:339.8px;">0.0</div><div id="a118122_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.008px;top:339.8px;">141.1</div><div id="a118125" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:354.5px;">Other financial liabilities measured at </div><div id="a118126" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:366.3px;">amortized cost</div><div id="a118127" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:56.676px;top:367px;">3</div><div id="a118130_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:207.155px;top:366.3px;">6.2</div><div id="a118134_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:268.195px;top:366.3px;">6.2</div><div id="a118137_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:366.3px;">0.0</div><div id="a118140_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:366.3px;">0.0</div><div id="a118143_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:366.3px;">0.0</div><div id="a118146_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:416.302px;top:366.3px;">6.2</div><div id="a118150_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.048px;top:366.3px;">5.4</div><div id="a118154_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.608px;top:366.3px;">5.4</div><div id="a118157_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:366.3px;">0.0</div><div id="a118160_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:366.3px;">0.0</div><div id="a118163_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:366.3px;">0.0</div><div id="a118166_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.942px;top:366.3px;">5.4</div><div id="a118169" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:379.9px;">1 Includes certain financial instruments<div style="display:inline-block;width:4.29px"> </div>where the carrying amount<div style="display:inline-block;width:3.64px"> </div>is a reasonable approximation<div style="display:inline-block;width:4.48px"> </div>of the fair value<div style="display:inline-block;width:3.47px"> </div>due to the instruments’<div style="display:inline-block;width:3.88px"> </div>short-term nature (instruments<div style="display:inline-block;width:3.65px"> </div>that are receivable<div style="display:inline-block;width:3.48px"> </div>or payable on demand,<div style="display:inline-block;width:3.95px"> </div>or </div><div id="a118174" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:390.4px;">with a remaining maturity (excluding the effects<div style="display:inline-block;width:3.69px"> </div>of callable features) of three months or less).<div style="display:inline-block;width:8.53px"> </div>2 Effective 1 April 2022, a portfolio of assets<div style="display:inline-block;width:3.77px"> </div>previously classified as Financial assets measured at<div style="display:inline-block;width:3.64px"> </div>fair value through other </div><div id="a118178" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:400.3px;">comprehensive income was<div style="display:inline-block;width:3.44px"> </div>reclassified to Other financial<div style="display:inline-block;width:4.03px"> </div>assets measured at amortized<div style="display:inline-block;width:3.63px"> </div>cost. Refer to Note 1 for information.<div style="display:inline-block;width:10.25px"> </div>3 Excludes lease liabilities.</div></div><div id="TextBlockContainer668" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:182px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a118184" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">The fair values<div style="display:inline-block;width:5.15px"> </div>included<div style="display:inline-block;width:5.13px"> </div>in the table<div style="display:inline-block;width:5.5px"> </div>above have<div style="display:inline-block;width:5.04px"> </div>been calculated for<div style="display:inline-block;width:5.35px"> </div>disclosure purposes<div style="display:inline-block;width:5.97px"> </div>only.<div style="display:inline-block;width:5.67px"> </div>The valuation<div style="display:inline-block;width:5.08px"> </div>techniques </div><div id="a118185" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.2px;">and assumptions described<div style="display:inline-block;width:5.17px"> </div>below relate only<div style="display:inline-block;width:5.27px"> </div>to the fair value of UBS’s<div style="display:inline-block;width:5.39px"> </div>financial instruments<div style="display:inline-block;width:5.32px"> </div>not measured at fair<div style="display:inline-block;width:5.59px"> </div>value. </div><div id="a118190" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">Other institutions<div style="display:inline-block;width:6.18px"> </div>may use<div style="display:inline-block;width:6.15px"> </div>different<div style="display:inline-block;width:5.37px"> </div>methods<div style="display:inline-block;width:5.08px"> </div>and<div style="display:inline-block;width:5.13px"> </div>assumptions<div style="display:inline-block;width:5.27px"> </div>for their<div style="display:inline-block;width:5.47px"> </div>fair value<div style="display:inline-block;width:6.21px"> </div>estimations,<div style="display:inline-block;width:5.14px"> </div>and<div style="display:inline-block;width:5.13px"> </div>therefore such<div style="display:inline-block;width:6.3px"> </div>fair </div><div id="a118191" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.9px;">value disclosures cannot necessarily be compared from one financial institution to another.<div style="display:inline-block;width:5.15px"> </div>The following principles were </div><div id="a118193" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61px;">applied when determining<div style="display:inline-block;width:5.04px"> </div>fair value estimates for financial instruments not<div style="display:inline-block;width:5.19px"> </div>measured at fair value: </div><div id="a118195" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;">–</div><div id="a118196" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:76.5px;"> </div><div id="a118197" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:76.6px;">For financial<div style="display:inline-block;width:5.87px"> </div>instruments<div style="display:inline-block;width:5.19px"> </div>with<div style="display:inline-block;width:5.25px"> </div>remaining<div style="display:inline-block;width:5.06px"> </div>maturities<div style="display:inline-block;width:5.1px"> </div>greater<div style="display:inline-block;width:5.35px"> </div>than three<div style="display:inline-block;width:6.17px"> </div>months,<div style="display:inline-block;width:5.18px"> </div>the<div style="display:inline-block;width:5.25px"> </div>fair value<div style="display:inline-block;width:5.74px"> </div>was determined<div style="display:inline-block;width:6.45px"> </div>from </div><div id="a118200" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:91.8px;">quoted market prices, if available. </div><div id="a118202" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:107.4px;">–</div><div id="a118203" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:107.3px;"> </div><div id="a118204" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:107.4px;">Where quoted market prices were not<div style="display:inline-block;width:5.29px"> </div>available, the fair values<div style="display:inline-block;width:5.36px"> </div>were estimated by discounting<div style="display:inline-block;width:5.62px"> </div>contractual cash flows </div><div id="a118205" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:122.5px;">using<div style="display:inline-block;width:5.75px"> </div>current<div style="display:inline-block;width:5.18px"> </div>market interest<div style="display:inline-block;width:6.19px"> </div>rates or<div style="display:inline-block;width:6.52px"> </div>appropriate<div style="display:inline-block;width:5.84px"> </div>yield curves<div style="display:inline-block;width:6.21px"> </div>for<div style="display:inline-block;width:5.1px"> </div>instruments<div style="display:inline-block;width:5.66px"> </div>with<div style="display:inline-block;width:5.25px"> </div>similar credit<div style="display:inline-block;width:6.46px"> </div>risk and<div style="display:inline-block;width:6.92px"> </div>maturity. </div><div id="a118207" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:138.1px;">These estimates generally include adjustments<div style="display:inline-block;width:5.11px"> </div>for counterparty credit risk or UBS’s<div style="display:inline-block;width:5.59px"> </div>own credit. </div><div id="a118209" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:153.3px;">–</div><div id="a118210" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:153.1px;"> </div><div id="a118211" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:153.3px;">For short-term financial instruments<div style="display:inline-block;width:5.12px"> </div>with remaining maturities<div style="display:inline-block;width:5.22px"> </div>of three months or<div style="display:inline-block;width:5.15px"> </div>less, the carrying amount,<div style="display:inline-block;width:5.46px"> </div>which is </div><div id="a118215" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:168.5px;">net of credit loss allowances, is generally<div style="display:inline-block;width:5.04px"> </div>considered a reasonable<div style="display:inline-block;width:5.27px"> </div>estimate of fair value.</div></div> <div id="TextBlockContainer587" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:632px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a110552" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:2.8px;">Determination of fair values<div style="display:inline-block;width:4.29px"> </div>from quoted market prices or valuation techniques</div><div id="a110553" style="position:absolute;font-family:'Frutiger';font-size:6.148px;font-weight:bold;font-style:normal;left:379.382px;top:3.5px;">1</div><div id="a110557" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:398.342px;top:17.2px;">31.12.22 </div><div id="a110560" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.395px;top:17.2px;">31.12.21 </div><div id="a110562" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:30.9px;">USD m </div><div id="a110565" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:338.715px;top:30.9px;">Level 1 </div><div id="a110567" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:386.955px;top:30.9px;">Level 2 </div><div id="a110569" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.755px;top:30.9px;">Level 3 </div><div id="a110571" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:490.582px;top:30.9px;">Total </div><div id="a110574" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:529.862px;top:30.9px;">Level 1 </div><div id="a110576" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.568px;top:30.9px;">Level 2 </div><div id="a110578" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:611.742px;top:30.9px;">Level 3 </div><div id="a110580" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:30.9px;">Total </div><div id="a110593" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:56px;">Financial assets measured at<div style="display:inline-block;width:3.79px"> </div>fair value on a recurring basis </div><div id="a110606" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:81.5px;">Financial assets at fair value held for trading </div><div id="a110609_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.768px;top:81.5px;">96,241</div><div id="a110612_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:386.008px;top:81.5px;">10,138</div><div id="a110615_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.528px;top:81.5px;">1,488</div><div id="a110618_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:477.342px;top:81.5px;">107,866</div><div id="a110622_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:524.195px;top:81.5px;">113,697</div><div id="a110625_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:569.622px;top:81.5px;">14,825</div><div id="a110628_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.528px;top:81.5px;">2,299</div><div id="a110631_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:81.5px;">130,821</div><div id="a110634" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:94.8px;">of which: Equity instruments </div><div id="a110638_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:337.768px;top:94.8px;">83,074</div><div id="a110641_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:397.862px;top:94.8px;">789</div><div id="a110644_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:94.8px;">126</div><div id="a110647_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:94.8px;">83,988</div><div id="a110651_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.915px;top:94.8px;">97,958</div><div id="a110654_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:94.8px;">1,090</div><div id="a110657_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:94.8px;">149</div><div id="a110660_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:94.8px;">99,197</div><div id="a110663" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:108.5px;">of which: Government bills / bonds </div><div id="a110666_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:342.502px;top:108.5px;">5,496</div><div id="a110669_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:397.862px;top:108.5px;">950</div><div id="a110672_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:450.862px;top:108.5px;">18</div><div id="a110675_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:108.5px;">6,464</div><div id="a110679_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.648px;top:108.5px;">7,135</div><div id="a110682_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:108.5px;">1,351</div><div id="a110685_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:627.822px;top:108.5px;">10</div><div id="a110688_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:108.5px;">8,496</div><div id="a110691" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:121.8px;">of which: Investment fund units </div><div id="a110694_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:342.502px;top:121.8px;">6,673</div><div id="a110697_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:397.862px;top:121.8px;">596</div><div id="a110700_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:450.862px;top:121.8px;">61</div><div id="a110703_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:121.8px;">7,330</div><div id="a110707_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.648px;top:121.8px;">7,843</div><div id="a110710_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:121.8px;">1,364</div><div id="a110713_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:627.822px;top:121.8px;">21</div><div id="a110716_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:121.8px;">9,229</div><div id="a110719" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:135px;">of which: Corporate and municipal bonds </div><div id="a110723_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:349.595px;top:135px;">976</div><div id="a110726_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:390.768px;top:135px;">6,363</div><div id="a110729_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:135px;">541</div><div id="a110732_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:135px;">7,880</div><div id="a110736_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:540.742px;top:135px;">708</div><div id="a110739_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:135px;">7,604</div><div id="a110742_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:135px;">556</div><div id="a110745_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:135px;">8,868</div><div id="a110748" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:148.2px;">of which: Loans </div><div id="a110751_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:148.2px;">0</div><div id="a110754_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:390.768px;top:148.2px;">1,179</div><div id="a110757_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:148.2px;">628</div><div id="a110760_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:148.2px;">1,807</div><div id="a110764_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:148.2px;">0</div><div id="a110767_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:148.2px;">3,099</div><div id="a110770_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:615.528px;top:148.2px;">1,443</div><div id="a110773_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:148.2px;">4,542</div><div id="a110776" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:161.5px;">of which: Asset-backed securities </div><div id="a110781_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:354.795px;top:161.5px;">22</div><div id="a110784_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:397.862px;top:161.5px;">261</div><div id="a110787_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:161.5px;">114</div><div id="a110790_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:493.888px;top:161.5px;">397</div><div id="a110794_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:545.942px;top:161.5px;">53</div><div id="a110797_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:581.448px;top:161.5px;">317</div><div id="a110800_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:161.5px;">120</div><div id="a110803_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.795px;top:161.5px;">489</div><div id="a110817" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:186.5px;">Derivative financial instruments </div><div id="a110821_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:349.595px;top:186.5px;">769</div><div id="a110824_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:381.275px;top:186.5px;">147,875</div><div id="a110827_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.528px;top:186.5px;">1,464</div><div id="a110830_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:477.342px;top:186.5px;">150,108</div><div id="a110834_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:540.742px;top:186.5px;">522</div><div id="a110837_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.888px;top:186.5px;">116,479</div><div id="a110840_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.528px;top:186.5px;">1,140</div><div id="a110843_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:186.5px;">118,142</div><div id="a110846" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:199.8px;">of which: Foreign exchange </div><div id="a110849_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:349.595px;top:199.8px;">575</div><div id="a110852_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:386.008px;top:199.8px;">84,881</div><div id="a110855_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:455.595px;top:199.8px;">2</div><div id="a110858_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:199.8px;">85,458</div><div id="a110862_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:540.742px;top:199.8px;">255</div><div id="a110865_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:569.622px;top:199.8px;">53,043</div><div id="a110868_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:632.555px;top:199.8px;">7</div><div id="a110871_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:199.8px;">53,305</div><div id="a110874" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:213.1px;">of which: Interest rate </div><div id="a110877_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:213.1px;">0</div><div id="a110880_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:386.008px;top:213.1px;">39,345</div><div id="a110883_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:213.1px;">460</div><div id="a110886_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:213.1px;">39,805</div><div id="a110890_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:213.1px;">0</div><div id="a110893_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:569.622px;top:213.1px;">32,747</div><div id="a110896_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:213.1px;">494</div><div id="a110899_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:213.1px;">33,241</div><div id="a110902" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:225.8px;">of which: Equity / index </div><div id="a110906_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:225.8px;">1</div><div id="a110909_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:386.008px;top:225.8px;">21,542</div><div id="a110912_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:225.8px;">653</div><div id="a110915_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:225.8px;">22,195</div><div id="a110919_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:225.8px;">0</div><div id="a110922_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:569.622px;top:225.8px;">27,861</div><div id="a110925_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:225.8px;">384</div><div id="a110928_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:225.8px;">28,245</div><div id="a110931" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:239.1px;">of which: Credit </div><div id="a110934_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:239.1px;">0</div><div id="a110937_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:397.862px;top:239.1px;">719</div><div id="a110940_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:239.1px;">318</div><div id="a110943_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:239.1px;">1,038</div><div id="a110947_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:239.1px;">0</div><div id="a110950_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:239.1px;">1,179</div><div id="a110953_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:239.1px;">236</div><div id="a110956_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:239.1px;">1,414</div><div id="a110959" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:251.8px;">of which: Commodities </div><div id="a110962_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:251.8px;">0</div><div id="a110965_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:390.768px;top:251.8px;">1,334</div><div id="a110968_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:450.862px;top:251.8px;">30</div><div id="a110971_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:251.8px;">1,365</div><div id="a110975_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:251.8px;">0</div><div id="a110978_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:251.8px;">1,590</div><div id="a110981_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:627.822px;top:251.8px;">16</div><div id="a110984_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:251.8px;">1,606</div><div id="a110998" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:276.9px;">Brokerage receivables </div><div id="a111001_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:359.528px;top:276.9px;">0</div><div id="a111004_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:386.008px;top:276.9px;">17,576</div><div id="a111007_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:455.595px;top:276.9px;">0</div><div id="a111010_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:482.075px;top:276.9px;">17,576</div><div id="a111014_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.702px;top:276.9px;">0</div><div id="a111017_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:569.622px;top:276.9px;">21,839</div><div id="a111020_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:632.555px;top:276.9px;">0</div><div id="a111023_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:276.9px;">21,839</div><div id="a111037" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:301.1px;">Financial assets at fair value not held for trading </div><div id="a111040_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.768px;top:301.1px;">26,572</div><div id="a111043_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:386.008px;top:301.1px;">29,498</div><div id="a111046_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.528px;top:301.1px;">3,725</div><div id="a111049_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:482.075px;top:301.1px;">59,796</div><div id="a111053_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:528.915px;top:301.1px;">27,278</div><div id="a111056_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:569.622px;top:301.1px;">28,622</div><div id="a111059_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.528px;top:301.1px;">4,180</div><div id="a111062_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:301.1px;">60,080</div><div id="a111065" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:314.8px;">of which: Financial assets for unit-linked investment<div style="display:inline-block;width:3.84px"> </div>contracts </div><div id="a111070_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:337.768px;top:314.8px;">13,071</div><div id="a111073_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:407.795px;top:314.8px;">1</div><div id="a111076_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:455.595px;top:314.8px;">0</div><div id="a111079_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:314.8px;">13,072</div><div id="a111083_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.915px;top:314.8px;">21,110</div><div id="a111086_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:581.448px;top:314.8px;">187</div><div id="a111089_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:632.555px;top:314.8px;">6</div><div id="a111092_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:314.8px;">21,303</div><div id="a111095" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:328px;">of which: Corporate and municipal bonds </div><div id="a111098_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:354.795px;top:328px;">35</div><div id="a111101_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:386.008px;top:328px;">14,101</div><div id="a111104_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:328px;">230</div><div id="a111107_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:328px;">14,366</div><div id="a111111_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:540.742px;top:328px;">123</div><div id="a111114_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:569.622px;top:328px;">13,937</div><div id="a111117_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:328px;">306</div><div id="a111120_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:328px;">14,366</div><div id="a111123" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:341.2px;">of which: Government bills / bonds </div><div id="a111126_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:337.768px;top:341.2px;">13,103</div><div id="a111129_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:390.768px;top:341.2px;">3,638</div><div id="a111132_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:455.595px;top:341.2px;">0</div><div id="a111135_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:341.2px;">16,741</div><div id="a111139_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.648px;top:341.2px;">5,624</div><div id="a111142_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:341.2px;">3,236</div><div id="a111145_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:632.555px;top:341.2px;">0</div><div id="a111148_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:341.2px;">8,860</div><div id="a111151" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:354.5px;">of which: Loans </div><div id="a111154_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:354.5px;">0</div><div id="a111157_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:390.768px;top:354.5px;">3,602</div><div id="a111160_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:354.5px;">736</div><div id="a111163_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:354.5px;">4,337</div><div id="a111167_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:354.5px;">0</div><div id="a111170_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:354.5px;">4,982</div><div id="a111173_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:354.5px;">892</div><div id="a111176_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:354.5px;">5,874</div><div id="a111179" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:367.8px;">of which: Securities financing transactions </div><div id="a111182_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:367.8px;">0</div><div id="a111185_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:390.768px;top:367.8px;">7,590</div><div id="a111188_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:367.8px;">114</div><div id="a111191_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:367.8px;">7,704</div><div id="a111195_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:367.8px;">0</div><div id="a111198_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:367.8px;">5,704</div><div id="a111201_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:367.8px;">100</div><div id="a111204_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:367.8px;">5,804</div><div id="a111207" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:381px;">of which: Auction rate securities </div><div id="a111210_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:381px;">0</div><div id="a111213_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:407.795px;top:381px;">0</div><div id="a111216_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:438.528px;top:381px;">1,326</div><div id="a111219_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:381px;">1,326</div><div id="a111223_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:381px;">0</div><div id="a111226_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:591.382px;top:381px;">0</div><div id="a111229_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:615.528px;top:381px;">1,585</div><div id="a111232_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:381px;">1,585</div><div id="a111235" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:394.7px;">of which: Investment fund units </div><div id="a111238_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:349.595px;top:394.7px;">307</div><div id="a111241_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:397.862px;top:394.7px;">566</div><div id="a111244_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:394.7px;">190</div><div id="a111247_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:394.7px;">1,063</div><div id="a111251_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:540.742px;top:394.7px;">338</div><div id="a111254_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:581.448px;top:394.7px;">574</div><div id="a111257_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:394.7px;">117</div><div id="a111260_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:394.7px;">1,028</div><div id="a111263" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:408px;">of which: Equity instruments </div><div id="a111266_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:354.795px;top:408px;">57</div><div id="a111269_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:407.795px;top:408px;">0</div><div id="a111272_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:408px;">792</div><div id="a111275_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:493.888px;top:408px;">849</div><div id="a111279_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:545.942px;top:408px;">83</div><div id="a111282_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:591.382px;top:408px;">2</div><div id="a111285_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:408px;">681</div><div id="a111288_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.795px;top:408px;">765</div><div id="a111302" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:433.1px;">Financial assets measured at<div style="display:inline-block;width:3.79px"> </div>fair value through other comprehensive<div style="display:inline-block;width:3.79px"> </div>income on a recurring basis </div><div id="a111315" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:458.1px;">Financial assets measured at fair value through<div style="display:inline-block;width:4.24px"> </div>other comprehensive income </div><div id="a111319_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:354.795px;top:458.1px;">57</div><div id="a111322_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:390.768px;top:458.1px;">2,182</div><div id="a111325_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:455.595px;top:458.1px;">0</div><div id="a111328_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:486.795px;top:458.1px;">2,239</div><div id="a111332_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.648px;top:458.1px;">2,704</div><div id="a111335_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:574.355px;top:458.1px;">6,140</div><div id="a111338_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:632.555px;top:458.1px;">0</div><div id="a111341_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:458.1px;">8,844</div><div id="a111344" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:471.4px;">of which: Asset-backed securities</div><div id="a111347" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:132.875px;top:472px;">2</div><div id="a111350_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:471.4px;">0</div><div id="a111353_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:407.795px;top:471.4px;">0</div><div id="a111356_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:455.595px;top:471.4px;">0</div><div id="a111359_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:503.862px;top:471.4px;">0</div><div id="a111363_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:471.4px;">0</div><div id="a111366_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:471.4px;">4,849</div><div id="a111369_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:632.555px;top:471.4px;">0</div><div id="a111372_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:471.4px;">4,849</div><div id="a111375" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:484.6px;">of which: Government bills / bonds</div><div id="a111376" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:139.022px;top:485.2px;">2</div><div id="a111379_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:484.6px;">0</div><div id="a111382_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:403.062px;top:484.6px;">26</div><div id="a111385_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:455.595px;top:484.6px;">0</div><div id="a111388_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:499.128px;top:484.6px;">26</div><div id="a111392_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.648px;top:484.6px;">2,658</div><div id="a111395_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:586.648px;top:484.6px;">27</div><div id="a111398_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:632.555px;top:484.6px;">0</div><div id="a111401_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:484.6px;">2,686</div><div id="a111404" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:497.9px;">of which: Corporate and municipal bonds </div><div id="a111408_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:354.795px;top:497.9px;">57</div><div id="a111411_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:390.768px;top:497.9px;">2,156</div><div id="a111414_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:455.595px;top:497.9px;">0</div><div id="a111417_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:497.9px;">2,213</div><div id="a111421_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:545.942px;top:497.9px;">45</div><div id="a111424_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:497.9px;">1,265</div><div id="a111427_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:632.555px;top:497.9px;">0</div><div id="a111430_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:497.9px;">1,310</div><div id="a111444" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:522.9px;">Non-financial assets measured at<div style="display:inline-block;width:3.74px"> </div>fair value on a recurring basis </div><div id="a111459" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:548px;">Precious metals and other physical commodities </div><div id="a111462_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.502px;top:548px;">4,471</div><div id="a111465_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:407.795px;top:548px;">0</div><div id="a111468_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:455.595px;top:548px;">0</div><div id="a111471_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:486.795px;top:548px;">4,471</div><div id="a111475_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.648px;top:548px;">5,258</div><div id="a111478_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:548px;">0</div><div id="a111481_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:632.555px;top:548px;">0</div><div id="a111484_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:548px;">5,258</div><div id="a111498" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:572.6px;">Non-financial assets measured at<div style="display:inline-block;width:3.74px"> </div>fair value on a non-recurring<div style="display:inline-block;width:3.98px"> </div>basis </div><div id="a111515" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:597.7px;">Other non-financial assets</div><div id="a111518" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:97.848px;top:598.3px;">3</div><div id="a111521_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:359.528px;top:597.7px;">0</div><div id="a111524_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:407.795px;top:597.7px;">0</div><div id="a111527_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:445.662px;top:597.7px;">110</div><div id="a111530_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:493.888px;top:597.7px;">110</div><div id="a111534_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.702px;top:597.7px;">0</div><div id="a111537_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:597.7px;">0</div><div id="a111540_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:627.822px;top:597.7px;">26</div><div id="a111543_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:597.7px;">26</div><div id="a111557" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:621.8px;">Total assets measured<div style="display:inline-block;width:3.81px"> </div>at fair value </div><div id="a111560_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:333.008px;top:621.8px;">128,110</div><div id="a111563_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:381.275px;top:621.8px;">207,269</div><div id="a111566_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.528px;top:621.8px;">6,788</div><div id="a111569_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:477.342px;top:621.8px;">342,166</div><div id="a111573_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:524.195px;top:621.8px;">149,459</div><div id="a111576_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.888px;top:621.8px;">187,905</div><div id="a111579_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.528px;top:621.8px;">7,645</div><div id="a111582_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:621.8px;">345,010</div></div> 96241000000 10138000000 1488000000 107866000000 113697000000 14825000000 2299000000 130821000000 83074000000 789000000 126000000 83988000000 97958000000 1090000000 149000000 99197000000 5496000000 950000000 18000000 6464000000 7135000000 1351000000 10000000 8496000000 6673000000 596000000 61000000 7330000000 7843000000 1364000000 21000000 9229000000 976000000 6363000000 541000000 7880000000 708000000 7604000000 556000000 8868000000 0 1179000000 628000000 1807000000 0 3099000000 1443000000 4542000000 22000000 261000000 114000000 397000000 53000000 317000000 120000000 489000000 769000000 147875000000 1464000000 150108000000 522000000 116479000000 1140000000 118142000000 575000000 84881000000 2000000 85458000000 255000000 53043000000 7000000 53305000000 0 39345000000 460000000 39805000000 0 32747000000 494000000 33241000000 1000000 21542000000 653000000 22195000000 0 27861000000 384000000 28245000000 0 719000000 318000000 1038000000 0 1179000000 236000000 1414000000 0 1334000000 30000000 1365000000 0 1590000000 16000000 1606000000 0 17576000000 0 17576000000 0 21839000000 0 21839000000 26572000000 29498000000 3725000000 59796000000 27278000000 28622000000 4180000000 60080000000 13071000000 1000000 0 13072000000 21110000000 187000000 6000000 21303000000 35000000 14101000000 230000000 14366000000 123000000 13937000000 306000000 14366000000 13103000000 3638000000 0 16741000000 5624000000 3236000000 0 8860000000 0 3602000000 736000000 4337000000 0 4982000000 892000000 5874000000 0 7590000000 114000000 7704000000 0 5704000000 100000000 5804000000 0 0 1326000000 1326000000 0 0 1585000000 1585000000 307000000 566000000 190000000 1063000000 338000000 574000000 117000000 1028000000 57000000 0 792000000 849000000 83000000 2000000 681000000 765000000 57000000 2182000000 0 2239000000 2704000000 6140000000 0 8844000000 0 0 0 0 0 4849000000 0 4849000000 0 26000000 0 26000000 2658000000 27000000 0 2686000000 57000000 2156000000 0 2213000000 45000000 1265000000 0 1310000000 4471000000 0 0 4471000000 5258000000 0 0 5258000000 0 0 110000000 110000000 0 0 26000000 26000000 128110000000 207269000000 6788000000 342166000000 149459000000 187905000000 7645000000 345010000000 <div id="TextBlockContainer591" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:693px;height:441px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a111636" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:2.8px;">Determination of fair values<div style="display:inline-block;width:4.29px"> </div>from quoted market prices or valuation techniques<div style="display:inline-block;width:4.48px"> </div>(continued)</div><div id="a111637" style="position:absolute;font-family:'Frutiger';font-size:6.148px;font-weight:bold;font-style:normal;left:436.168px;top:3.5px;">1</div><div id="a111641" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:395.022px;top:16.2px;">31.12.22 </div><div id="a111644" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.395px;top:16.2px;">31.12.21 </div><div id="a111646" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:30px;">USD m </div><div id="a111649" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:336.328px;top:30px;">Level 1 </div><div id="a111651" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:384.115px;top:30px;">Level 2 </div><div id="a111653" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:431.915px;top:30px;">Level 3 </div><div id="a111655" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.275px;top:30px;">Total </div><div id="a111658" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.342px;top:30px;">Level 1 </div><div id="a111660" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:30px;">Level 2 </div><div id="a111662" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:612.222px;top:30px;">Level 3 </div><div id="a111664" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:30px;">Total </div><div id="a111677" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:54.6px;">Financial liabilities measured at fair value<div style="display:inline-block;width:3.98px"> </div>on a recurring basis </div><div id="a111690" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:79.6px;">Financial liabilities at fair value held for trading </div><div id="a111693_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:335.382px;top:79.6px;">23,578</div><div id="a111696_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:387.902px;top:79.6px;">5,823</div><div id="a111699_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:442.822px;top:79.6px;">114</div><div id="a111702_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:478.755px;top:79.6px;">29,515</div><div id="a111706_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:529.395px;top:79.6px;">25,413</div><div id="a111709_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.302px;top:79.6px;">6,170</div><div id="a111712_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.088px;top:79.6px;">105</div><div id="a111715_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:79.6px;">31,688</div><div id="a111718" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:92.9px;">of which: Equity instruments </div><div id="a111722_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:335.382px;top:92.9px;">16,521</div><div id="a111725_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:395.022px;top:92.9px;">352</div><div id="a111728_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:448.022px;top:92.9px;">78</div><div id="a111731_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:478.755px;top:92.9px;">16,951</div><div id="a111735_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:529.395px;top:92.9px;">18,328</div><div id="a111738_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:582.395px;top:92.9px;">513</div><div id="a111741_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.288px;top:92.9px;">83</div><div id="a111744_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:92.9px;">18,924</div><div id="a111747" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:106.1px;">of which: Corporate and municipal bonds </div><div id="a111750_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:352.435px;top:106.6px;">36</div><div id="a111753_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:387.902px;top:106.6px;">4,643</div><div id="a111756_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:448.022px;top:106.6px;">27</div><div id="a111759_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:483.488px;top:106.6px;">4,707</div><div id="a111763_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:546.422px;top:106.6px;">30</div><div id="a111766_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:575.302px;top:106.6px;">4,219</div><div id="a111769_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.288px;top:106.6px;">17</div><div id="a111772_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:106.6px;">4,266</div><div id="a111775" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:119.9px;">of which: Government bills / bonds </div><div id="a111778_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:340.142px;top:119.9px;">5,880</div><div id="a111781_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:395.022px;top:119.9px;">706</div><div id="a111784_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:452.755px;top:119.9px;">1</div><div id="a111787_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:483.488px;top:119.9px;">6,587</div><div id="a111791_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:534.128px;top:119.9px;">5,883</div><div id="a111794_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:582.395px;top:119.9px;">826</div><div id="a111797_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:633.022px;top:119.9px;">0</div><div id="a111800_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:119.9px;">6,709</div><div id="a111803" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:133.1px;">of which: Investment fund units </div><div id="a111807_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:340.142px;top:133.1px;">1,141</div><div id="a111810_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:400.222px;top:133.1px;">84</div><div id="a111813_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:452.755px;top:133.1px;">3</div><div id="a111816_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:483.488px;top:133.1px;">1,229</div><div id="a111820_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:534.128px;top:133.1px;">1,172</div><div id="a111823_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:582.395px;top:133.1px;">555</div><div id="a111826_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:633.022px;top:133.1px;">6</div><div id="a111829_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:133.1px;">1,733</div><div id="a111843" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:158.2px;">Derivative financial instruments </div><div id="a111846_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:347.235px;top:158.2px;">640</div><div id="a111849_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.448px;top:158.2px;">152,582</div><div id="a111852_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:435.702px;top:158.2px;">1,684</div><div id="a111855_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:474.035px;top:158.2px;">154,906</div><div id="a111859_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:541.222px;top:158.2px;">509</div><div id="a111862_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:565.835px;top:158.2px;">118,558</div><div id="a111865_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.995px;top:158.2px;">2,242</div><div id="a111868_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:158.2px;">121,309</div><div id="a111871" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:171.4px;">of which: Foreign exchange<div style="display:inline-block;width:3.54px"> </div></div><div id="a111874_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:347.235px;top:171.4px;">587</div><div id="a111877_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:383.168px;top:171.4px;">87,897</div><div id="a111880_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:448.022px;top:171.4px;">24</div><div id="a111883_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:478.755px;top:171.4px;">88,508</div><div id="a111887_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:541.222px;top:171.4px;">258</div><div id="a111890_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:570.568px;top:171.4px;">53,800</div><div id="a111893_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.288px;top:171.4px;">21</div><div id="a111896_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:171.4px;">54,078</div><div id="a111899" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:184.7px;">of which: Interest rate<div style="display:inline-block;width:3.35px"> </div></div><div id="a111902_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:357.155px;top:184.7px;">0</div><div id="a111905_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:383.168px;top:184.7px;">37,429</div><div id="a111908_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:442.822px;top:184.7px;">116</div><div id="a111911_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:478.755px;top:184.7px;">37,545</div><div id="a111915_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:551.182px;top:184.7px;">0</div><div id="a111918_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:570.568px;top:184.7px;">28,398</div><div id="a111921_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.088px;top:184.7px;">278</div><div id="a111924_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:184.7px;">28,675</div><div id="a111927" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:197.9px;">of which: Equity / index<div style="display:inline-block;width:3.26px"> </div></div><div id="a111930_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:357.155px;top:197.9px;">0</div><div id="a111933_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:383.168px;top:197.9px;">24,963</div><div id="a111936_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:435.702px;top:197.9px;">1,184</div><div id="a111939_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:478.755px;top:197.9px;">26,148</div><div id="a111943_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:551.182px;top:197.9px;">0</div><div id="a111946_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:570.568px;top:197.9px;">33,438</div><div id="a111949_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:615.995px;top:197.9px;">1,511</div><div id="a111952_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:197.9px;">34,949</div><div id="a111955" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:211.2px;">of which: Credit </div><div id="a111958_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:357.155px;top:211.2px;">0</div><div id="a111961_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:395.022px;top:211.2px;">920</div><div id="a111964_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:442.822px;top:211.2px;">279</div><div id="a111967_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:483.488px;top:211.2px;">1,199</div><div id="a111971_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:551.182px;top:211.2px;">0</div><div id="a111974_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:575.302px;top:211.2px;">1,412</div><div id="a111977_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.088px;top:211.2px;">341</div><div id="a111980_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:211.2px;">1,753</div><div id="a111983" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:224.9px;">of which: Commodities </div><div id="a111987_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:357.155px;top:224.9px;">0</div><div id="a111990_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:387.902px;top:224.9px;">1,309</div><div id="a111993_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:448.022px;top:224.9px;">52</div><div id="a111996_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:483.488px;top:224.9px;">1,361</div><div id="a112000_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:551.182px;top:224.9px;">0</div><div id="a112003_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:575.302px;top:224.9px;">1,503</div><div id="a112006_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.288px;top:224.9px;">63</div><div id="a112009_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:224.9px;">1,566</div><div id="a112023" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:249.9px;">Financial liabilities designated at<div style="display:inline-block;width:3.81px"> </div>fair value on a recurring basis </div><div id="a112036" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:275px;">Brokerage payables designated at<div style="display:inline-block;width:4.03px"> </div>fair value </div><div id="a112039_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:357.155px;top:275px;">0</div><div id="a112042_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.168px;top:275px;">45,085</div><div id="a112045_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:452.755px;top:275px;">0</div><div id="a112048_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:478.755px;top:275px;">45,085</div><div id="a112052_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:551.182px;top:275px;">0</div><div id="a112055_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.568px;top:275px;">44,045</div><div id="a112058_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.022px;top:275px;">0</div><div id="a112061_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:275px;">44,045</div><div id="a112075" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:299.2px;">Debt issued designated at fair value </div><div id="a112078_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:357.155px;top:299.2px;">0</div><div id="a112081_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.168px;top:299.2px;">63,111</div><div id="a112084_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:430.968px;top:299.2px;">10,527</div><div id="a112087_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:478.755px;top:299.2px;">73,638</div><div id="a112091_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:551.182px;top:299.2px;">0</div><div id="a112094_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.568px;top:299.2px;">59,606</div><div id="a112097_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:611.275px;top:299.2px;">14,194</div><div id="a112100_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:299.2px;">73,799</div><div id="a112114" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:323.8px;">Other financial liabilities designated at fair value </div><div id="a112117_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:357.155px;top:323.8px;">0</div><div id="a112120_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.168px;top:323.8px;">29,547</div><div id="a112123_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:442.822px;top:323.8px;">691</div><div id="a112126_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:478.755px;top:323.8px;">30,237</div><div id="a112130_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:551.182px;top:323.8px;">0</div><div id="a112133_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.568px;top:323.8px;">29,258</div><div id="a112136_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.088px;top:323.8px;">816</div><div id="a112139_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:323.8px;">30,074</div><div id="a112142" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:337px;">of which: Financial liabilities related to unit-linked<div style="display:inline-block;width:3.92px"> </div>investment contracts </div><div id="a112148_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:357.155px;top:337px;">0</div><div id="a112151_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:383.168px;top:337px;">13,221</div><div id="a112154_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:452.755px;top:337px;">0</div><div id="a112157_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:478.755px;top:337px;">13,221</div><div id="a112161_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:551.182px;top:337px;">0</div><div id="a112164_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:570.568px;top:337px;">21,466</div><div id="a112167_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:633.022px;top:337px;">0</div><div id="a112170_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:337px;">21,466</div><div id="a112173" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:350.3px;">of which: Securities financing transactions </div><div id="a112176_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:357.155px;top:350.3px;">0</div><div id="a112179_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:383.168px;top:350.3px;">15,333</div><div id="a112182_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:452.755px;top:350.3px;">0</div><div id="a112185_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:478.755px;top:350.3px;">15,333</div><div id="a112189_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:551.182px;top:350.3px;">0</div><div id="a112192_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:575.302px;top:350.3px;">6,375</div><div id="a112195_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:633.022px;top:350.3px;">2</div><div id="a112198_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:350.3px;">6,377</div><div id="a112201" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:363.5px;">of which: Over-the-counter<div style="display:inline-block;width:3.83px"> </div>debt instruments and other </div><div id="a112208_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:357.155px;top:363.5px;">0</div><div id="a112211_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:395.022px;top:363.5px;">993</div><div id="a112214_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:442.822px;top:363.5px;">691</div><div id="a112217_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:483.488px;top:363.5px;">1,684</div><div id="a112221_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:551.182px;top:363.5px;">0</div><div id="a112224_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:575.302px;top:363.5px;">1,417</div><div id="a112227_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.088px;top:363.5px;">814</div><div id="a112230_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:363.5px;">2,231</div><div id="a112244" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:388.6px;">Total liabilities measured<div style="display:inline-block;width:3.97px"> </div>at fair value </div><div id="a112247_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:335.382px;top:388.6px;">24,219</div><div id="a112250_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.448px;top:388.6px;">296,148</div><div id="a112253_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:430.968px;top:388.6px;">13,015</div><div id="a112256_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:474.035px;top:388.6px;">333,381</div><div id="a112260_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:529.395px;top:388.6px;">25,922</div><div id="a112263_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:565.835px;top:388.6px;">257,637</div><div id="a112266_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:611.275px;top:388.6px;">17,357</div><div id="a112269_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:388.6px;">300,916</div><div id="a112272" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:402.6px;">1 Bifurcated embedded derivatives are presented<div style="display:inline-block;width:3.65px"> </div>on the same balance sheet lines as their host contracts and<div style="display:inline-block;width:3.42px"> </div>are not included in this table. The fair<div style="display:inline-block;width:3.51px"> </div>value of these derivatives was not material for the<div style="display:inline-block;width:3.45px"> </div>periods presented.<div style="display:inline-block;width:7.72px"> </div></div><div id="a112274" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:412.6px;">2 Effective 1 April 2022, a portfolio of<div style="display:inline-block;width:3.55px"> </div>assets previously classified as Financial<div style="display:inline-block;width:3.79px"> </div>assets measured at fair value<div style="display:inline-block;width:3.64px"> </div>through other<div style="display:inline-block;width:2.9px"> </div>comprehensive income was<div style="display:inline-block;width:3.48px"> </div>reclassified to Other financial<div style="display:inline-block;width:3.47px"> </div>assets measured at amortized cost. </div><div id="a112277" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:422.5px;">Refer to Note 1 for more information.<div style="display:inline-block;width:8.51px"> </div>3 Other non-financial assets primarily<div style="display:inline-block;width:3.8px"> </div>consist of properties and other non-current assets<div style="display:inline-block;width:3.78px"> </div>held for sale, which are measured<div style="display:inline-block;width:3.81px"> </div>at the lower of their net carrying amount or fair value </div><div id="a112283" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:432.9px;">less costs to sell.</div></div> 23578000000 5823000000 114000000 29515000000 25413000000 6170000000 105000000 31688000000 16521000000 352000000 78000000 16951000000 18328000000 513000000 83000000 18924000000 36000000 4643000000 27000000 4707000000 30000000 4219000000 17000000 4266000000 5880000000 706000000 1000000 6587000000 5883000000 826000000 0 6709000000 1141000000 84000000 3000000 1229000000 1172000000 555000000 6000000 1733000000 640000000 152582000000 1684000000 154906000000 509000000 118558000000 2242000000 121309000000 587000000 87897000000 24000000 88508000000 258000000 53800000000 21000000 54078000000 0 37429000000 116000000 37545000000 0 28398000000 278000000 28675000000 0 24963000000 1184000000 26148000000 0 33438000000 1511000000 34949000000 0 920000000 279000000 1199000000 0 1412000000 341000000 1753000000 0 1309000000 52000000 1361000000 0 1503000000 63000000 1566000000 0 45085000000 0 45085000000 0 44045000000 0 44045000000 0 63111000000 10527000000 73638000000 0 59606000000 14194000000 73799000000 0 29547000000 691000000 30237000000 0 29258000000 816000000 30074000000 0 13221000000 0 13221000000 0 21466000000 0 21466000000 0 15333000000 0 15333000000 0 6375000000 2000000 6377000000 0 993000000 691000000 1684000000 0 1417000000 814000000 2231000000 24219000000 296148000000 13015000000 333381000000 25922000000 257637000000 17357000000 300916000000 <div id="TextBlockContainer610" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:106px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_608_XBRL_TS_36054d821d21479c8ea5c2482128e7af" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer609" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:106px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a113470" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Deferred day-1 profit<div style="display:inline-block;width:4.14px"> </div>or loss reserves </div><div id="a113478" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:15.3px;">USD m </div><div id="a113481" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:523.248px;top:15.3px;">2022 </div><div id="a113483" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:15.3px;">2021 </div><div id="a113485" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.542px;top:15.3px;">2020 </div><div id="a113487" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:30.9px;">Reserve balance at the beginning of the<div style="display:inline-block;width:3.79px"> </div>year </div><div id="a113490_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.982px;top:30.9px;">418</div><div id="a113493_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:30.9px;">269</div><div id="a113496_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:30.9px;">146</div><div id="a113499" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:47.5px;">Profit / (loss) deferred on new transactions </div><div id="a113502_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.982px;top:47.5px;">299</div><div id="a113505_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:47.5px;">459</div><div id="a113508_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:47.5px;">362</div><div id="a113511" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:63.6px;">(Profit) / loss recognized in the income statement </div><div id="a113515_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:523.248px;top:63.6px;display:flex;">(295)</div><div id="a113518_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:63.6px;display:flex;">(308)</div><div id="a113521_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.542px;top:63.6px;display:flex;">(238)</div><div id="a113524" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:80.1px;">Foreign currency translation </div><div id="a113527_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:537.902px;top:80.1px;">0</div><div id="a113530_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.862px;top:80.1px;display:flex;">(2)</div><div id="a113533_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.195px;top:80.1px;">0</div><div id="a113536" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:95.7px;">Reserve balance at the end of the year </div><div id="a113539_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.982px;top:95.7px;">422</div><div id="a113542_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:95.7px;">418</div><div id="a113545_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:95.7px;">269</div></div></div></div> 418000000 269000000 146000000 299000000 459000000 362000000 -295000000 -308000000 -238000000 0 -2000000 0 422000000 418000000 269000000 <div id="TextBlockContainer616" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:680px;height:184px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_614_XBRL_TS_7f85329e341642d4871c96e26def658c" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer615" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:680px;height:184px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a113592" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Own credit adjustments on financial<div style="display:inline-block;width:4.35px"> </div>liabilities designated at fair value </div><div id="a113601" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:496.288px;top:14.3px;">Included in Other comprehensive income </div><div id="a113605" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.008px;top:28.1px;">For the year ended </div><div id="a113607" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:41.8px;">USD m </div><div id="a113610" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:497.235px;top:41.8px;">31.12.22 </div><div id="a113613" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.035px;top:41.8px;">31.12.21 </div><div id="a113615" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:639.168px;top:41.8px;">31.12.20 </div><div id="a113617" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:55.5px;">Recognized during the period: </div><div id="a113624" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:69.7px;">Realized gain / (loss)<div style="display:inline-block;width:2.91px"> </div></div><div id="a113627_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:526.088px;top:69.7px;">1</div><div id="a113631_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.955px;top:69.7px;display:flex;">(14)</div><div id="a113634_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.048px;top:69.7px;">2</div><div id="a113637" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:83.9px;">Unrealized gain / (loss)<div style="display:inline-block;width:3.33px"> </div></div><div id="a113640_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.155px;top:83.9px;">866</div><div id="a113644_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.155px;top:83.9px;">60</div><div id="a113647_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:83.9px;display:flex;">(295)</div><div id="a113650" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:97.6px;">Total gain / (loss), before<div style="display:inline-block;width:3.7px"> </div>tax </div><div id="a113653_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.155px;top:97.6px;">867</div><div id="a113657_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.155px;top:97.6px;">46</div><div id="a113660_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:97.6px;display:flex;">(293)</div><div id="a113669" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:117px;">USD m </div><div id="a113672" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:497.235px;top:117px;">31.12.22 </div><div id="a113675" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.035px;top:117px;">31.12.21 </div><div id="a113677" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:639.168px;top:117px;">31.12.20 </div><div id="a113679" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:130.7px;">Recognized on the balance sheet<div style="display:inline-block;width:3.77px"> </div>as of the end of the period: </div><div id="a113686" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:144.9px;">Unrealized life-to-date gain / (loss)<div style="display:inline-block;width:3.53px"> </div></div><div id="a113693_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.155px;top:144.9px;">556</div><div id="a113697_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:144.9px;display:flex;">(315)</div><div id="a113700_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:144.9px;display:flex;">(381)</div><div id="a113703" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:159.6px;">of which: debt issued designated at fair value </div><div id="a113706_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.155px;top:159.6px;">453</div><div id="a113710_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:159.6px;display:flex;">(347)</div><div id="a113713_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:159.6px;display:flex;">(418)</div><div id="a113716" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:173.8px;">of which: other financial liabilities designated at<div style="display:inline-block;width:3.8px"> </div>fair value </div><div id="a113720_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.155px;top:173.8px;">103</div><div id="a113724_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.155px;top:173.8px;">32</div><div id="a113727_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.315px;top:173.8px;">36</div></div></div></div> 1000000 -14000000 2000000 866000000 60000000 -295000000 867000000 46000000 -293000000 556000000 -315000000 -381000000 453000000 -347000000 -418000000 103000000 32000000 36000000 <div id="TextBlockContainer624" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:135px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_622_XBRL_TS_5ba4fa3408994e9aa70b43e9970c0bd6" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer623" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:135px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a113847" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Balance sheet valuation adjustments<div style="display:inline-block;width:4.38px"> </div>on financial instruments </div><div id="a113855" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:603.702px;top:14.8px;">As of </div><div id="a113857" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:28.6px;">USD m </div><div id="a113860" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:577.195px;top:28.6px;">31.12.22 </div><div id="a113862" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.315px;top:28.6px;">31.12.21 </div><div id="a113864" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:42.3px;">Credit valuation adjustments</div><div id="a113865" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:108.248px;top:42.9px;">1</div><div id="a113868" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:42.3px;display:flex;">(33)</div><div id="a113870" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:42.3px;display:flex;">(44)</div><div id="a113872" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:56px;">Funding valuation adjustments </div><div id="a113875" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:56px;display:flex;">(50)</div><div id="a113877" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:56px;display:flex;">(49)</div><div id="a113879" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:69.7px;">Debit valuation adjustments </div><div id="a113882" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:606.062px;top:69.7px;">4</div><div id="a113884" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.195px;top:69.7px;">2</div><div id="a113886" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:83.4px;">Other valuation adjustments </div><div id="a113889" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:83.4px;display:flex;">(839)</div><div id="a113891" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.542px;top:83.4px;display:flex;">(913)</div><div id="a113893" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:97.6px;">of which: liquidity </div><div id="a113896" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:591.382px;top:97.6px;display:flex;">(311)</div><div id="a113898" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:659.542px;top:97.6px;display:flex;">(341)</div><div id="a113900" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:111.8px;">of which: model uncertainty </div><div id="a113904" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:591.382px;top:111.8px;display:flex;">(529)</div><div id="a113906" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:659.542px;top:111.8px;display:flex;">(571)</div><div id="a113908" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:126.4px;">1 Amounts do not include reserves<div style="display:inline-block;width:3.45px"> </div>against defaulted counterparties.</div></div></div></div> -33000000 -44000000 -50000000 -49000000 4000000 2000000 -839000000 -913000000 -311000000 -341000000 -529000000 -571000000 -861000000 <div id="TextBlockContainer632" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:690px;height:591px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_630_XBRL_TS_4f3291a7773c448e88bca448178d7ed6" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer631" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:690px;height:591px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a113999" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Valuation techniques<div style="display:inline-block;width:4.41px"> </div>and inputs used in the fair value measurement<div style="display:inline-block;width:4.47px"> </div>of Level 3 assets and liabilities </div><div id="a114002" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:172.128px;top:12.9px;">Fair value </div><div id="a114007" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:363.782px;top:26.6px;">Significant </div><div id="a114008" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:363.782px;top:38.5px;">unobservable </div><div id="a114009" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:363.782px;top:49.8px;">input(s)</div><div id="a114010" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:391.248px;top:50.5px;">1</div><div id="a114012" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:537.435px;top:12.9px;">Range of inputs </div><div id="a114015" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:135.248px;top:25.7px;">Assets </div><div id="a114018" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:214.728px;top:25.7px;">Liabilities </div><div id="a114021" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:278.595px;top:38.5px;">Valuation </div><div id="a114022" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:278.595px;top:49.8px;">technique(s) </div><div id="a114025" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:482.542px;top:25.7px;">31.12.22 </div><div id="a114028" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.702px;top:25.7px;">31.12.21 </div><div id="a114031" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:49.8px;">USD bn </div><div id="a114033" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:112.035px;top:49.8px;">31.12.22 </div><div id="a114035" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:151.315px;top:49.8px;">31.12.21 </div><div id="a114038" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:196.755px;top:49.8px;">31.12.22 </div><div id="a114040" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:236.502px;top:49.8px;">31.12.21 </div><div id="a114044" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.475px;top:49.8px;">low </div><div id="a114046" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:486.328px;top:49.8px;">high </div><div id="a114048" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:514.262px;top:38.5px;">weighted </div><div id="a114049" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.622px;top:49.8px;">average</div><div id="a114050" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:545.475px;top:50.5px;">2 </div><div id="a114053" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.315px;top:49.8px;">low </div><div id="a114055" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:49.8px;">high </div><div id="a114057" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:614.102px;top:38.5px;">weighted </div><div id="a114058" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.942px;top:49.8px;">average</div><div id="a114059" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:645.315px;top:50.5px;">2 </div><div id="a114061" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.688px;top:49.8px;">unit</div><div id="a114062" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:679.875px;top:50.5px;">1 </div><div id="a114064" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:62.6px;">Financial assets and liabilities at fair value<div style="display:inline-block;width:4.07px"> </div>held for trading and Financial<div style="display:inline-block;width:3.89px"> </div>assets at fair value not held for trading </div><div id="a114066" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:75.9px;">Corporate and municipal </div><div id="a114067" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:87.2px;">bonds </div><div id="a114069_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:133.355px;top:87.2px;">0.8</div><div id="a114072_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:173.075px;top:87.2px;">0.9</div><div id="a114076_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:218.035px;top:87.2px;">0.0</div><div id="a114079_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:258.262px;top:87.2px;">0.0</div><div id="a114083" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:75.9px;">Relative value to </div><div id="a114084" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:87.2px;">market comparable </div><div id="a114087" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:87.2px;">Bond price equivalent </div><div id="a114089_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:461.262px;top:87.2px;">14</div><div id="a114092_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:87.2px;">112</div><div id="a114095_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:538.848px;top:87.2px;">85</div><div id="a114099_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.102px;top:87.2px;">16</div><div id="a114102_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:87.2px;">143</div><div id="a114105_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:638.702px;top:87.2px;">98</div><div id="a114108" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:87.2px;">points </div><div id="a114117" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:100.4px;">Discounted expected </div><div id="a114118" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:112.3px;">cash flows </div><div id="a114121" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:112.3px;">Discount margin </div><div id="a114123_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.062px;top:112.3px;">412</div><div id="a114126_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:112.3px;">412</div><div id="a114131_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.888px;top:112.3px;">434</div><div id="a114134_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:112.3px;">434</div><div id="a114138" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:100.4px;">basis </div><div id="a114139" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:112.3px;">points </div><div id="a114141" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:125px;">Traded loans, loans </div><div id="a114142" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:136.9px;">measured at fair value, </div><div id="a114143" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:148.7px;">loan commitments and </div><div id="a114144" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:160.1px;">guarantees </div><div id="a114146_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:133.355px;top:160.1px;">1.7</div><div id="a114149_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:173.075px;top:160.1px;">2.8</div><div id="a114153_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:218.035px;top:160.1px;">0.0</div><div id="a114156_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:258.262px;top:160.1px;">0.0</div><div id="a114160" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:148.7px;">Relative value to </div><div id="a114161" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:160.1px;">market comparable </div><div id="a114164" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:160.1px;">Loan price equivalent </div><div id="a114166_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:461.262px;top:160.1px;">30</div><div id="a114169_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:160.1px;">100</div><div id="a114172_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:538.848px;top:160.1px;">97</div><div id="a114176_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:574.822px;top:160.1px;">0</div><div id="a114179_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:160.1px;">101</div><div id="a114182_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:638.702px;top:160.1px;">99</div><div id="a114185" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:160.1px;">points </div><div id="a114194" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:173.3px;">Discounted expected </div><div id="a114195" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:185.1px;">cash flows </div><div id="a114198" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:185.1px;">Credit spread </div><div id="a114200_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.062px;top:185.1px;">200</div><div id="a114203_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:185.1px;">200</div><div id="a114206_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:533.648px;top:185.1px;">200</div><div id="a114210_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.888px;top:185.1px;">175</div><div id="a114213_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:185.1px;">800</div><div id="a114216_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.502px;top:185.1px;">436</div><div id="a114219" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:173.3px;">basis </div><div id="a114220" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:185.1px;">points </div><div id="a114229" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:197.9px;">Market comparable </div><div id="a114230" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:209.7px;">and securitization </div><div id="a114232" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:221.5px;">model </div><div id="a114235" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:221.5px;">Credit spread </div><div id="a114237_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.062px;top:221.5px;">145</div><div id="a114240_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:480.648px;top:221.5px;">1,350</div><div id="a114243_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:533.648px;top:221.5px;">322</div><div id="a114247_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.102px;top:221.5px;">28</div><div id="a114251" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.702px;top:221.5px;">1,544</div><div id="a114253_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.502px;top:221.5px;">241</div><div id="a114256" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:209.7px;">basis </div><div id="a114257" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:221.5px;">points </div><div id="a114259" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:246.2px;">Auction rate securities </div><div id="a114261_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:133.355px;top:246.2px;">1.3</div><div id="a114264_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:173.075px;top:246.2px;">1.6</div><div id="a114271" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:234.3px;">Discounted expected </div><div id="a114272" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:246.2px;">cash flows </div><div id="a114275" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:246.2px;">Credit spread </div><div id="a114277_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.062px;top:246.2px;">115</div><div id="a114280_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:246.2px;">196</div><div id="a114283_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:533.648px;top:246.2px;">144</div><div id="a114287_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.888px;top:246.2px;">115</div><div id="a114290_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:246.2px;">197</div><div id="a114293_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.502px;top:246.2px;">153</div><div id="a114296" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:234.3px;">basis </div><div id="a114297" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:246.2px;">points </div><div id="a114299" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:270.8px;">Investment fund units</div><div id="a114300" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:82.248px;top:271.4px;">3</div><div id="a114302_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:133.355px;top:270.8px;">0.3</div><div id="a114305_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:173.075px;top:270.8px;">0.1</div><div id="a114309_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:218.035px;top:270.8px;">0.0</div><div id="a114312_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:258.262px;top:270.8px;">0.0</div><div id="a114316" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:258.9px;">Relative value to </div><div id="a114317" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:270.8px;">market comparable </div><div id="a114320" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:270.8px;">Net asset value </div><div id="a114330" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:295.3px;">Equity instruments</div><div id="a114331" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:70.391px;top:296px;">3</div><div id="a114333_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:133.355px;top:295.3px;">0.9</div><div id="a114336_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:173.075px;top:295.3px;">0.8</div><div id="a114340_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:218.035px;top:295.3px;">0.1</div><div id="a114343_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:258.262px;top:295.3px;">0.1</div><div id="a114347" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:284px;">Relative value to </div><div id="a114348" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:295.3px;">market comparable </div><div id="a114351" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:295.3px;">Price </div><div id="a114361" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:308.1px;">Debt issued designated at </div><div id="a114362" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:319.5px;">fair value</div><div id="a114363" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:37.287px;top:320.1px;">4</div><div id="a114368_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:213.302px;top:319.5px;">10.5</div><div id="a114371_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:253.062px;top:319.5px;">14.2</div><div id="a114386" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:331.8px;">Other financial liabilities </div><div id="a114387" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:343.6px;">designated at fair value </div><div id="a114392_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:218.035px;top:343.6px;">0.7</div><div id="a114395_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:258.262px;top:343.6px;">0.8</div><div id="a114399" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:331.8px;">Discounted expected </div><div id="a114400" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:343.6px;">cash flows </div><div id="a114403" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:343.6px;">Funding spread </div><div id="a114405_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:461.262px;top:343.6px;">23</div><div id="a114408_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:343.6px;">175</div><div id="a114413_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.102px;top:343.6px;">24</div><div id="a114416_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:343.6px;">175</div><div id="a114420" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:331.8px;">basis </div><div id="a114421" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:343.6px;">points </div><div id="a114423" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:356.4px;">Derivative financial instruments </div><div id="a114425" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:381px;">Interest rate </div><div id="a114427_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:133.355px;top:381px;">0.5</div><div id="a114430_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:173.075px;top:381px;">0.5</div><div id="a114434_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:218.035px;top:381px;">0.1</div><div id="a114437_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:258.262px;top:381px;">0.3</div><div id="a114441" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:381px;">Option model </div><div id="a114444" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:369.1px;">Volatility of interest </div><div id="a114445" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:381px;">rates </div><div id="a114447_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:461.262px;top:381px;">75</div><div id="a114450_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:381px;">143</div><div id="a114455_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.102px;top:381px;">65</div><div id="a114458_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.995px;top:381px;">81</div><div id="a114462" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:369.1px;">basis </div><div id="a114463" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:381px;">points </div><div id="a114465" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:405.6px;">Credit </div><div id="a114467_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:133.355px;top:405.6px;">0.3</div><div id="a114470_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:173.075px;top:405.6px;">0.2</div><div id="a114474_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:218.035px;top:405.6px;">0.3</div><div id="a114477_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:258.262px;top:405.6px;">0.3</div><div id="a114481" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:394.2px;">Discounted expected </div><div id="a114482" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:405.6px;">cash flows </div><div id="a114485" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:405.6px;">Credit spreads<div style="display:inline-block;width:2.76px"> </div></div><div id="a114487_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.995px;top:405.6px;">9</div><div id="a114490_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:405.6px;">565</div><div id="a114495_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:574.822px;top:405.6px;">1</div><div id="a114498_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:405.6px;">583</div><div id="a114502" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:394.2px;">basis </div><div id="a114503" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:405.6px;">points </div><div id="a114514" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:418.8px;">Bond price equivalent </div><div id="a114516_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.995px;top:418.8px;">3</div><div id="a114519_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:418.8px;">277</div><div id="a114524_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:574.822px;top:418.8px;">2</div><div id="a114527_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:418.8px;">136</div><div id="a114531" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:418.8px;">points </div><div id="a114533" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:432.1px;">Equity / index </div><div id="a114535_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:133.355px;top:432.1px;">0.7</div><div id="a114538_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:173.075px;top:432.1px;">0.4</div><div id="a114542_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:218.035px;top:432.1px;">1.2</div><div id="a114545_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:258.262px;top:432.1px;">1.5</div><div id="a114549" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:432.1px;">Option model </div><div id="a114552" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:432.1px;">Equity dividend yields </div><div id="a114554_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.995px;top:432.1px;">0</div><div id="a114557_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:492.955px;top:432.1px;">20</div><div id="a114562_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:574.822px;top:432.1px;">0</div><div id="a114565_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.995px;top:432.1px;">11</div><div id="a114569" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.675px;top:432.1px;">% </div><div id="a114580" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:445.3px;">Volatility of equity </div><div id="a114581" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:456.7px;">stocks, equity and </div><div id="a114582" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:468.5px;">other indices </div><div id="a114584_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.995px;top:468.5px;">4</div><div id="a114587_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:468.5px;">120</div><div id="a114592_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:574.822px;top:468.5px;">4</div><div id="a114595_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.995px;top:468.5px;">98</div><div id="a114599" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.675px;top:468.5px;">% </div><div id="a114610" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:481.8px;">Equity-to-FX </div><div id="a114615" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:493.1px;">correlation </div><div id="a114617_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.528px;top:493.1px;display:flex;">(29)</div><div id="a114620_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:492.955px;top:493.1px;">84</div><div id="a114625_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.888px;top:493.1px;display:flex;">(29)</div><div id="a114628_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.995px;top:493.1px;">76</div><div id="a114632" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.675px;top:493.1px;">% </div><div id="a114643" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:506.4px;">Equity-to-equity </div><div id="a114648" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:518.2px;">correlation </div><div id="a114650_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.528px;top:518.2px;display:flex;">(25)</div><div id="a114653_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:518.2px;">100</div><div id="a114658_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.888px;top:518.2px;display:flex;">(25)</div><div id="a114661_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:518.2px;">100</div><div id="a114665" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.675px;top:518.2px;">% </div><div id="a114667" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:531.8px;">1 The ranges<div style="display:inline-block;width:3.5px"> </div>of significant unobservable<div style="display:inline-block;width:4.24px"> </div>inputs are represented<div style="display:inline-block;width:4.11px"> </div>in points, percentages<div style="display:inline-block;width:4.11px"> </div>and basis points.<div style="display:inline-block;width:3.95px"> </div>Points are a<div style="display:inline-block;width:3.95px"> </div>percentage of par (e.g.,<div style="display:inline-block;width:4.09px"> </div>100 points would<div style="display:inline-block;width:3.81px"> </div>be 100% of par).<div style="display:inline-block;width:10.47px"> </div>2 Weighted<div style="display:inline-block;width:3.6px"> </div>averages are<div style="display:inline-block;width:3.47px"> </div>provided </div><div id="a114670" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:541.7px;">for most non-derivative<div style="display:inline-block;width:3.93px"> </div>financial instruments<div style="display:inline-block;width:3.94px"> </div>and were calculated<div style="display:inline-block;width:4.13px"> </div>by weighting inputs<div style="display:inline-block;width:3.95px"> </div>based on the fair<div style="display:inline-block;width:3.96px"> </div>values of the<div style="display:inline-block;width:3.62px"> </div>respective instruments.<div style="display:inline-block;width:4.34px"> </div>Weighted<div style="display:inline-block;width:3.46px"> </div>averages are not<div style="display:inline-block;width:3.47px"> </div>provided for inputs<div style="display:inline-block;width:4.08px"> </div>related to Other<div style="display:inline-block;width:3.77px"> </div>financial </div><div id="a114674" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:552.1px;">liabilities designated<div style="display:inline-block;width:4.12px"> </div>at fair<div style="display:inline-block;width:3.48px"> </div>value and<div style="display:inline-block;width:4.1px"> </div>Derivative financial<div style="display:inline-block;width:4.39px"> </div>instruments,<div style="display:inline-block;width:3.78px"> </div>as this would<div style="display:inline-block;width:4.88px"> </div>not be meaningful.<div style="display:inline-block;width:12.77px"> </div>3 The<div style="display:inline-block;width:3.8px"> </div>range of<div style="display:inline-block;width:3.63px"> </div>inputs is<div style="display:inline-block;width:4.09px"> </div>not disclosed,<div style="display:inline-block;width:4.19px"> </div>as there<div style="display:inline-block;width:3.63px"> </div>is a<div style="display:inline-block;width:3.63px"> </div>dispersion of<div style="display:inline-block;width:3.61px"> </div>values<div style="display:inline-block;width:3.46px"> </div>given the<div style="display:inline-block;width:4.09px"> </div>diverse nature<div style="display:inline-block;width:4.1px"> </div>of the </div><div id="a114677" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:562.1px;">investments.<div style="display:inline-block;width:8.81px"> </div>4 Debt issued designated at fair value<div style="display:inline-block;width:4.08px"> </div>primarily consists of UBS<div style="display:inline-block;width:3.61px"> </div>structured notes, which include<div style="display:inline-block;width:3.64px"> </div>variable maturity notes with<div style="display:inline-block;width:3.62px"> </div>various equity and foreign<div style="display:inline-block;width:3.46px"> </div>exchange underlying risks,<div style="display:inline-block;width:3.74px"> </div>rates-linked<div style="display:inline-block;width:3.51px"> </div>and credit-</div><div id="a114684" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:572.5px;">linked notes, all of which<div style="display:inline-block;width:3.63px"> </div>have embedded derivative<div style="display:inline-block;width:3.76px"> </div>parameters that are considered<div style="display:inline-block;width:3.64px"> </div>to be unobservable. The<div style="display:inline-block;width:4.14px"> </div>equivalent derivative instrument<div style="display:inline-block;width:4.38px"> </div>parameters are presented in the respective<div style="display:inline-block;width:3.96px"> </div>derivative financial instruments </div><div id="a114687" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:582.4px;">lines in this table.</div></div></div></div> 800000000 900000000 0.0 0.0 0.14 1.12 0.85 0.16 1.43 0.98 0.0412 0.0412 0.0434 0.0434 1700000000 2800000000 0.0 0.0 0.30 1 0.97 0 1.01 0.99 0.0200 0.0200 0.0200 0.0175 0.0800 0.0436 0.0145 0.1350 0.0322 0.0028 0.1544 0.0241 1300000000 1600000000 0.0115 0.0196 0.0144 0.0115 0.0197 0.0153 300000000 100000000 0.0 0.0 900000000 800000000 100000000 100000000 10500000000 14200000000 700000000 800000000 0.0023 0.0175 0.0024 0.0175 500000000 500000000 100000000 300000000 0.0075 0.0143 0.0065 0.0081 300000000 200000000 300000000 300000000 0.0009 0.0565 0.0001 0.0583 0.03 2.77 0.02 1.36 700000000 400000000 1200000000 1500000000 0 0.20 0 0.11 0.04 1.20 0.04 0.98 -0.29 0.84 -0.29 0.76 -0.25 1 -0.25 1 <div id="TextBlockContainer643" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:258px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a115051" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:2.8px;">Sensitivity of fair value measurements<div style="display:inline-block;width:4.29px"> </div>to changes in unobservable input<div style="display:inline-block;width:4.18px"> </div>assumptions</div><div id="a115052" style="position:absolute;font-family:'Frutiger';font-size:6.148px;font-weight:bold;font-style:normal;left:406.368px;top:3.5px;">1</div><div id="a115059" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:432.862px;top:18.6px;">31.12.22 </div><div id="a115062" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.008px;top:18.6px;">31.12.21 </div><div id="a115064" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:47px;">USD m </div><div id="a115067" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:35.2px;">Favorable<div style="display:inline-block;width:3.45px"> </div></div><div id="a115069" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:417.248px;top:47px;">changes </div><div id="a115071" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:478.288px;top:35.2px;">Unfavorable<div style="display:inline-block;width:2.77px"> </div></div><div id="a115073" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:492.475px;top:47px;">changes </div><div id="a115076" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.208px;top:35.2px;">Favorable<div style="display:inline-block;width:3.45px"> </div></div><div id="a115078" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.408px;top:47px;">changes </div><div id="a115080" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:634.915px;top:35.2px;">Unfavorable<div style="display:inline-block;width:2.77px"> </div></div><div id="a115082" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:648.635px;top:47px;">changes </div><div id="a115084" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:61.2px;">Traded loans, loans<div style="display:inline-block;width:3.91px"> </div>measured at fair value, loan<div style="display:inline-block;width:3.91px"> </div>commitments and guarantees </div><div id="a115087_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:437.582px;top:61.2px;">19</div><div id="a115090_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.115px;top:61.2px;display:flex;">(12)</div><div id="a115094_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:61.2px;">19</div><div id="a115097_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:61.2px;display:flex;">(13)</div><div id="a115100" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:77.3px;">Securities financing transactions </div><div id="a115103_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:437.582px;top:77.3px;">33</div><div id="a115106_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.115px;top:77.3px;display:flex;">(37)</div><div id="a115110_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:77.3px;">41</div><div id="a115113_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:77.3px;display:flex;">(53)</div><div id="a115116" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:93.8px;">Auction rate securities </div><div id="a115119_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.275px;top:93.8px;">46</div><div id="a115121" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:444.235px;top:94.5px;">2 </div><div id="a115123_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:504.808px;top:93.8px;display:flex;">(46)</div><div id="a115125" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:518.995px;top:94.5px;">2 </div><div id="a115128_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:93.8px;">66</div><div id="a115131_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:93.8px;display:flex;">(66)</div><div id="a115134" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:109.9px;">Asset-backed securities </div><div id="a115139_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:437.582px;top:109.9px;">27</div><div id="a115142_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.115px;top:109.9px;display:flex;">(27)</div><div id="a115146_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:109.9px;">20</div><div id="a115149_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:109.9px;display:flex;">(20)</div><div id="a115152" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:126.5px;">Equity instruments </div><div id="a115155_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:432.382px;top:126.5px;">183</div><div id="a115158_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:502.915px;top:126.5px;display:flex;">(161)</div><div id="a115162_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:126.5px;">173</div><div id="a115165_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.062px;top:126.5px;display:flex;">(146)</div><div id="a115168" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:142.6px;">Interest rate derivatives, net </div><div id="a115171_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.275px;top:142.6px;">18</div><div id="a115173" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:444.235px;top:143.2px;">2 </div><div id="a115175_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:504.808px;top:142.6px;display:flex;">(12)</div><div id="a115177" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:518.995px;top:143.2px;">2 </div><div id="a115180_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:142.6px;">29</div><div id="a115183_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:142.6px;display:flex;">(19)</div><div id="a115186" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:159.1px;">Credit derivatives, net </div><div id="a115189_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:442.342px;top:159.1px;">3</div><div id="a115192_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:512.848px;top:159.1px;display:flex;">(4)</div><div id="a115196_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.475px;top:159.1px;">5</div><div id="a115199_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:159.1px;display:flex;">(8)</div><div id="a115202" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:175.2px;">Foreign exchange derivatives,<div style="display:inline-block;width:3.71px"> </div>net </div><div id="a115205_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:437.582px;top:175.2px;">10</div><div id="a115208_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:512.848px;top:175.2px;display:flex;">(5)</div><div id="a115212_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:175.2px;">19</div><div id="a115215_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:175.2px;display:flex;">(11)</div><div id="a115218" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:191.8px;">Equity / index derivatives, net </div><div id="a115221_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:432.382px;top:191.8px;">361</div><div id="a115224_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:502.915px;top:191.8px;display:flex;">(330)</div><div id="a115228_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:191.8px;">368</div><div id="a115231_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.062px;top:191.8px;display:flex;">(335)</div><div id="a115234" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:207.9px;">Other </div><div id="a115237_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.275px;top:207.9px;">39</div><div id="a115239" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:444.235px;top:208.5px;">2 </div><div id="a115241_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:504.808px;top:207.9px;display:flex;">(62)</div><div id="a115243" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:518.995px;top:208.5px;">2 </div><div id="a115246_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:207.9px;">50</div><div id="a115249_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:207.9px;display:flex;">(73)</div><div id="a115252" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:223.9px;">Total </div><div id="a115255_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:432.382px;top:223.9px;">738</div><div id="a115258_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:502.915px;top:223.9px;display:flex;">(696)</div><div id="a115262_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:223.9px;">790</div><div id="a115265_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.062px;top:223.9px;display:flex;">(744)</div><div id="a115268" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:239px;">1 Sensitivity<div style="display:inline-block;width:3.47px"> </div>of issued and over-the<div style="display:inline-block;width:1.6px"> </div>-counter debt instruments<div style="display:inline-block;width:4.25px"> </div>is reported with<div style="display:inline-block;width:3.46px"> </div>the equivalent<div style="display:inline-block;width:3.93px"> </div>derivative or securities<div style="display:inline-block;width:4.39px"> </div>financing instrument.<div style="display:inline-block;width:10.57px"> </div>2 Includes refinements<div style="display:inline-block;width:4.11px"> </div>applied in estimating<div style="display:inline-block;width:4.25px"> </div>valuation uncertainty<div style="display:inline-block;width:3.78px"> </div>across </div><div id="a115274" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:249.4px;">various parameters.</div></div> 19000000 -12000000 19000000 -13000000 33000000 -37000000 41000000 -53000000 46000000 -46000000 66000000 -66000000 27000000 -27000000 20000000 -20000000 183000000 -161000000 173000000 -146000000 18000000 -12000000 29000000 -19000000 3000000 -4000000 5000000 -8000000 10000000 -5000000 19000000 -11000000 361000000 -330000000 368000000 -335000000 39000000 -62000000 50000000 -73000000 738000000 -696000000 790000000 -744000000 <div id="TextBlockContainer650" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:691px;height:432px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_648_XBRL_TS_6ad84be1d7254a5ca751d69f281fbd3e" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer649" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:691px;height:432px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a115344" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Movements of Level 3<div style="display:inline-block;width:4.15px"> </div>instruments </div><div id="a115358" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:72.1px;">USD bn </div><div id="a115360" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:166.928px;top:48.4px;">Balance at </div><div id="a115361" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:155.102px;top:60.2px;">the beginning </div><div id="a115363" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:158.408px;top:72.1px;">of the period </div><div id="a115366" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:218.035px;top:13.4px;">Net gains / </div><div id="a115367" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:236.035px;top:25.2px;">losses </div><div id="a115368" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:217.555px;top:37.1px;">included in </div><div id="a115369" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:227.488px;top:48.4px;">compre- </div><div id="a115372" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:230.328px;top:60.2px;">hensive </div><div id="a115373" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:228.435px;top:72.1px;">income</div><div id="a115374" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:254.475px;top:72.7px;">1</div><div id="a115376" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:271.502px;top:13.4px;">of which: </div><div id="a115377" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:270.088px;top:25.2px;">related to </div><div id="a115378" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:262.995px;top:37.1px;">instruments </div><div id="a115379" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:265.822px;top:48.4px;">held at the </div><div id="a115380" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:267.715px;top:60.2px;">end of the </div><div id="a115381" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:281.902px;top:72.1px;">period </div><div id="a115384" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:317.408px;top:72.1px;">Purchases </div><div id="a115386" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:374.662px;top:72.1px;">Sales </div><div id="a115388" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.062px;top:72.1px;">Issuances </div><div id="a115390" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:447.075px;top:72.1px;">Settlements </div><div id="a115392" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.488px;top:48.4px;">Transfers<div style="display:inline-block;width:3.37px"> </div></div><div id="a115394" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:60.2px;">into<div style="display:inline-block;width:2.56px"> </div></div><div id="a115396" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:508.115px;top:72.1px;">Level 3 </div><div id="a115398" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:546.422px;top:48.4px;">Transfers<div style="display:inline-block;width:3.4px"> </div></div><div id="a115400" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:556.848px;top:60.2px;">out of<div style="display:inline-block;width:2.62px"> </div></div><div id="a115402" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.075px;top:72.1px;">Level 3 </div><div id="a115404" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.942px;top:48.4px;">Foreign<div style="display:inline-block;width:2.86px"> </div></div><div id="a115406" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.635px;top:60.2px;">currency<div style="display:inline-block;width:2.69px"> </div></div><div id="a115408" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.595px;top:72.1px;">translation </div><div id="a115410" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:645.315px;top:48.4px;">Balance at </div><div id="a115411" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.222px;top:60.2px;">the end </div><div id="a115413" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:636.808px;top:72.1px;">of the period </div><div id="a115429" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:3.679px;top:89.1px;">For the twelve months ended<div style="display:inline-block;width:4.01px"> </div>31 December 2022</div><div id="a115430" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:182.568px;top:89.7px;">2</div><div id="a115458" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:107.5px;">Financial assets at fair value held<div style="display:inline-block;width:4.06px"> </div>for </div><div id="a115459" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:119.4px;">trading </div><div id="a115461_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.968px;top:119.4px;">2.3</div><div id="a115465_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:240.768px;top:119.4px;display:flex;">(0.3)</div><div id="a115468_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:288.555px;top:119.4px;display:flex;">(0.3)</div><div id="a115472_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.088px;top:119.4px;">0.3</div><div id="a115475_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:376.555px;top:119.4px;display:flex;">(1.8)</div><div id="a115478_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:425.288px;top:119.4px;">0.5</div><div id="a115481" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:477.822px;top:119.4px;">0.0</div><div id="a115483_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:521.355px;top:119.4px;">0.7</div><div id="a115486_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:562.062px;top:119.4px;display:flex;">(0.3)</div><div id="a115489_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:609.848px;top:119.4px;display:flex;">(0.0)</div><div id="a115492_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:671.355px;top:119.4px;">1.5</div><div id="a115495" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:131.7px;">of which: Investment fund units </div><div id="a115497_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:131.7px;">0.0</div><div id="a115501_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:240.288px;top:131.7px;display:flex;">(0.0)</div><div id="a115504_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.088px;top:131.7px;display:flex;">(0.0)</div><div id="a115508_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:131.7px;">0.0</div><div id="a115511_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:376.075px;top:131.7px;display:flex;">(0.0)</div><div id="a115514" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:131.7px;">0.0</div><div id="a115516" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:477.822px;top:131.7px;">0.0</div><div id="a115518_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:131.7px;">0.1</div><div id="a115521_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:561.582px;top:131.7px;display:flex;">(0.0)</div><div id="a115524_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:609.382px;top:131.7px;display:flex;">(0.0)</div><div id="a115527_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:131.7px;">0.1</div><div id="a115530" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:144.9px;">of which: Corporate and municipal </div><div id="a115531" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:156.3px;">bonds </div><div id="a115533_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:156.3px;">0.6</div><div id="a115537_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:240.288px;top:156.3px;display:flex;">(0.0)</div><div id="a115540_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.088px;top:156.3px;display:flex;">(0.0)</div><div id="a115544_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:156.3px;">0.3</div><div id="a115547_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:376.075px;top:156.3px;display:flex;">(0.6)</div><div id="a115550" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:156.3px;">0.0</div><div id="a115552" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:477.822px;top:156.3px;">0.0</div><div id="a115554_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:156.3px;">0.4</div><div id="a115557_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:561.582px;top:156.3px;display:flex;">(0.0)</div><div id="a115560_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:609.382px;top:156.3px;display:flex;">(0.0)</div><div id="a115563_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:156.3px;">0.5</div><div id="a115566" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:169.5px;">of which: Loans </div><div id="a115568_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:169.5px;">1.4</div><div id="a115572_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:240.288px;top:169.5px;display:flex;">(0.1)</div><div id="a115575_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.088px;top:169.5px;display:flex;">(0.1)</div><div id="a115579_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:169.5px;">0.0</div><div id="a115582_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:376.075px;top:169.5px;display:flex;">(1.1)</div><div id="a115585_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:169.5px;">0.5</div><div id="a115588" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:477.822px;top:169.5px;">0.0</div><div id="a115590" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:169.5px;">0.0</div><div id="a115592_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:561.582px;top:169.5px;display:flex;">(0.2)</div><div id="a115595_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:614.582px;top:169.5px;">0.0</div><div id="a115598_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:169.5px;">0.6</div><div id="a115615" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:188.4px;">Derivative financial instruments – </div><div id="a115618" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:200.3px;">assets </div><div id="a115620_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.968px;top:200.3px;">1.1</div><div id="a115624_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:245.022px;top:200.3px;">0.6</div><div id="a115627_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:292.808px;top:200.3px;">0.3</div><div id="a115631" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.555px;top:200.3px;">0.0</div><div id="a115633" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:381.275px;top:200.3px;">0.0</div><div id="a115635_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:425.288px;top:200.3px;">0.4</div><div id="a115638_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:473.088px;top:200.3px;display:flex;">(0.7)</div><div id="a115641_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:521.355px;top:200.3px;">0.1</div><div id="a115644_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:562.062px;top:200.3px;display:flex;">(0.0)</div><div id="a115647_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:609.848px;top:200.3px;display:flex;">(0.0)</div><div id="a115650_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:671.355px;top:200.3px;">1.5</div><div id="a115653" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:212.6px;">of which: Interest rate </div><div id="a115655_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:212.6px;">0.5</div><div id="a115659_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:245.488px;top:212.6px;">0.3</div><div id="a115662_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:293.288px;top:212.6px;">0.3</div><div id="a115666" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:212.6px;">0.0</div><div id="a115668" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:381.275px;top:212.6px;">0.0</div><div id="a115670_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:212.6px;">0.0</div><div id="a115673_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:472.608px;top:212.6px;display:flex;">(0.2)</div><div id="a115676_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:212.6px;">0.0</div><div id="a115679_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:561.582px;top:212.6px;display:flex;">(0.1)</div><div id="a115682_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:609.382px;top:212.6px;display:flex;">(0.0)</div><div id="a115685_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:212.6px;">0.5</div><div id="a115688" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:225.4px;">of which: Equity / index </div><div id="a115690_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:225.4px;">0.4</div><div id="a115694_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:245.488px;top:225.4px;">0.2</div><div id="a115697_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:293.288px;top:225.4px;">0.1</div><div id="a115701" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:225.4px;">0.0</div><div id="a115703" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:381.275px;top:225.4px;">0.0</div><div id="a115705_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:225.4px;">0.4</div><div id="a115708_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:472.608px;top:225.4px;display:flex;">(0.3)</div><div id="a115711_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:225.4px;">0.1</div><div id="a115714_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:561.582px;top:225.4px;display:flex;">(0.0)</div><div id="a115717_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:609.382px;top:225.4px;display:flex;">(0.0)</div><div id="a115720_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:225.4px;">0.7</div><div id="a115723" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:238.6px;">of which: Credit </div><div id="a115725_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:238.6px;">0.2</div><div id="a115729_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:245.488px;top:238.6px;">0.1</div><div id="a115732_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.088px;top:238.6px;display:flex;">(0.1)</div><div id="a115736" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:238.6px;">0.0</div><div id="a115738" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:381.275px;top:238.6px;">0.0</div><div id="a115740_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:238.6px;">0.0</div><div id="a115743_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:472.608px;top:238.6px;display:flex;">(0.2)</div><div id="a115746" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:238.6px;">0.0</div><div id="a115748_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:566.782px;top:238.6px;">0.1</div><div id="a115751_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:614.582px;top:238.6px;">0.0</div><div id="a115754_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:238.6px;">0.3</div><div id="a115771" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:256.6px;">Financial assets at fair value not<div style="display:inline-block;width:3.76px"> </div>held </div><div id="a115772" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:268.4px;">for trading </div><div id="a115774_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.968px;top:268.4px;">4.2</div><div id="a115778_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:245.022px;top:268.4px;">0.1</div><div id="a115781_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:292.808px;top:268.4px;">0.1</div><div id="a115785_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.088px;top:268.4px;">0.7</div><div id="a115788_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:376.555px;top:268.4px;display:flex;">(1.2)</div><div id="a115791_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:425.288px;top:268.4px;">0.1</div><div id="a115794_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:473.088px;top:268.4px;display:flex;">(0.0)</div><div id="a115797_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:521.355px;top:268.4px;">0.2</div><div id="a115800_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:562.062px;top:268.4px;display:flex;">(0.3)</div><div id="a115803_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:609.848px;top:268.4px;display:flex;">(0.0)</div><div id="a115806_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:671.355px;top:268.4px;">3.7</div><div id="a115809" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:280.7px;">of which: Loans </div><div id="a115811_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:280.7px;">0.9</div><div id="a115815_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:240.288px;top:280.7px;display:flex;">(0.0)</div><div id="a115818_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.088px;top:280.7px;display:flex;">(0.0)</div><div id="a115822_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:280.7px;">0.4</div><div id="a115825_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:376.075px;top:280.7px;display:flex;">(0.4)</div><div id="a115828_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:280.7px;">0.1</div><div id="a115831" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:477.822px;top:280.7px;">0.0</div><div id="a115833_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:280.7px;">0.1</div><div id="a115836_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:561.582px;top:280.7px;display:flex;">(0.3)</div><div id="a115839_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:609.382px;top:280.7px;display:flex;">(0.0)</div><div id="a115842_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:280.7px;">0.7</div><div id="a115845" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:293.5px;">of which: Auction rate securities </div><div id="a115847_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:293.5px;">1.6</div><div id="a115851_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:245.488px;top:293.5px;">0.1</div><div id="a115854_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:293.288px;top:293.5px;">0.0</div><div id="a115858" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:293.5px;">0.0</div><div id="a115860_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:376.075px;top:293.5px;display:flex;">(0.3)</div><div id="a115863" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:293.5px;">0.0</div><div id="a115865" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:477.822px;top:293.5px;">0.0</div><div id="a115867" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:293.5px;">0.0</div><div id="a115869" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:566.782px;top:293.5px;">0.0</div><div id="a115871" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:614.582px;top:293.5px;">0.0</div><div id="a115873_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:293.5px;">1.3</div><div id="a115876" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:306.7px;">of which: Equity instruments </div><div id="a115878_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:306.7px;">0.7</div><div id="a115882_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:245.488px;top:306.7px;">0.0</div><div id="a115885_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:293.288px;top:306.7px;">0.0</div><div id="a115889_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:306.7px;">0.1</div><div id="a115892_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:376.075px;top:306.7px;display:flex;">(0.1)</div><div id="a115895" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:306.7px;">0.0</div><div id="a115897" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:477.822px;top:306.7px;">0.0</div><div id="a115899_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:306.7px;">0.1</div><div id="a115902" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:566.782px;top:306.7px;">0.0</div><div id="a115904_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:609.382px;top:306.7px;display:flex;">(0.0)</div><div id="a115907_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:306.7px;">0.8</div><div id="a115924" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:324.7px;">Derivative financial instruments – </div><div id="a115927" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:336.5px;">liabilities </div><div id="a115929_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.968px;top:336.5px;">2.2</div><div id="a115933_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:240.768px;top:336.5px;display:flex;">(0.8)</div><div id="a115936_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:288.555px;top:336.5px;display:flex;">(0.4)</div><div id="a115940" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.555px;top:336.5px;">0.0</div><div id="a115942" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:381.275px;top:336.5px;">0.0</div><div id="a115944_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:425.288px;top:336.5px;">1.1</div><div id="a115947_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:473.088px;top:336.5px;display:flex;">(0.9)</div><div id="a115950_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:521.355px;top:336.5px;">0.3</div><div id="a115953_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:562.062px;top:336.5px;display:flex;">(0.2)</div><div id="a115956_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:609.848px;top:336.5px;display:flex;">(0.1)</div><div id="a115959_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:671.355px;top:336.5px;">1.7</div><div id="a115962" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:348.8px;">of which: Interest rate </div><div id="a115964_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:348.8px;">0.3</div><div id="a115968_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:240.288px;top:348.8px;display:flex;">(0.3)</div><div id="a115971_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.088px;top:348.8px;display:flex;">(0.0)</div><div id="a115975" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:348.8px;">0.0</div><div id="a115977" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:381.275px;top:348.8px;">0.0</div><div id="a115979_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:348.8px;">0.1</div><div id="a115982_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:472.608px;top:348.8px;display:flex;">(0.0)</div><div id="a115985_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:348.8px;">0.0</div><div id="a115988_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:561.582px;top:348.8px;display:flex;">(0.0)</div><div id="a115991_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:609.382px;top:348.8px;display:flex;">(0.0)</div><div id="a115994_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:348.8px;">0.1</div><div id="a115997" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:362.1px;">of which: Equity / index </div><div id="a115999_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:362.1px;">1.5</div><div id="a116003_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:240.288px;top:362.1px;display:flex;">(0.4)</div><div id="a116006_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.088px;top:362.1px;display:flex;">(0.3)</div><div id="a116010" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:362.1px;">0.0</div><div id="a116012" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:381.275px;top:362.1px;">0.0</div><div id="a116014_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:362.1px;">0.8</div><div id="a116017_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:472.608px;top:362.1px;display:flex;">(0.7)</div><div id="a116020_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:362.1px;">0.1</div><div id="a116023_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:561.582px;top:362.1px;display:flex;">(0.2)</div><div id="a116026_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:609.382px;top:362.1px;display:flex;">(0.0)</div><div id="a116029_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:362.1px;">1.2</div><div id="a116032" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:374.8px;">of which: Credit </div><div id="a116034_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:374.8px;">0.3</div><div id="a116038_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:240.288px;top:374.8px;display:flex;">(0.1)</div><div id="a116041_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.088px;top:374.8px;display:flex;">(0.0)</div><div id="a116045" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:374.8px;">0.0</div><div id="a116047" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:381.275px;top:374.8px;">0.0</div><div id="a116049_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:374.8px;">0.1</div><div id="a116052_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:472.608px;top:374.8px;display:flex;">(0.1)</div><div id="a116055_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:374.8px;">0.1</div><div id="a116058_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:561.582px;top:374.8px;display:flex;">(0.0)</div><div id="a116061_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:609.382px;top:374.8px;display:flex;">(0.0)</div><div id="a116064_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:374.8px;">0.3</div><div id="a116081" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:392.8px;">Debt issued designated at fair value</div><div id="a116082" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:133.822px;top:393.5px;">3</div><div id="a116084_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:188.235px;top:392.8px;">14.2</div><div id="a116088_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:240.768px;top:392.8px;display:flex;">(2.2)</div><div id="a116091_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:288.555px;top:392.8px;display:flex;">(1.8)</div><div id="a116095" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.555px;top:392.8px;">0.0</div><div id="a116097" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:381.275px;top:392.8px;">0.0</div><div id="a116099_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:425.288px;top:392.8px;">4.7</div><div id="a116102_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:473.088px;top:392.8px;display:flex;">(3.1)</div><div id="a116105_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:521.355px;top:392.8px;">0.7</div><div id="a116108_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:562.062px;top:392.8px;display:flex;">(3.4)</div><div id="a116111_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:609.848px;top:392.8px;display:flex;">(0.3)</div><div id="a116114_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:666.635px;top:392.8px;">10.5</div><div id="a116131" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:410.3px;">Other financial liabilities designated at </div><div id="a116132" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:421.7px;">fair value </div><div id="a116134_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.968px;top:421.7px;">0.8</div><div id="a116138_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:240.768px;top:421.7px;display:flex;">(0.1)</div><div id="a116141_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:288.555px;top:421.7px;display:flex;">(0.1)</div><div id="a116145" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.555px;top:421.7px;">0.0</div><div id="a116147" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:381.275px;top:421.7px;">0.0</div><div id="a116149_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:425.288px;top:421.7px;">0.0</div><div id="a116152_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:473.088px;top:421.7px;display:flex;">(0.1)</div><div id="a116155_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:521.355px;top:421.7px;">0.0</div><div id="a116158_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:562.062px;top:421.7px;display:flex;">(0.0)</div><div id="a116161_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:609.848px;top:421.7px;display:flex;">(0.0)</div><div id="a116164_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:671.355px;top:421.7px;">0.7</div></div></div></div> 2300000000 -300000000 -300000000 300000000 1800000000 500000000 0.0 700000000 300000000 0.0 1500000000 0.0 0.0 0.0 0.0 0.0 0.0 0.0 100000000 0.0 0.0 100000000 600000000 0.0 0.0 300000000 600000000 0.0 0.0 400000000 0.0 0.0 500000000 1400000000 -100000000 -100000000 0.0 1100000000 500000000 0.0 0.0 200000000 0.0 600000000 1100000000 600000000 300000000 0.0 0.0 400000000 700000000 100000000 0.0 0.0 1500000000 500000000 300000000 300000000 0.0 0.0 0.0 200000000 0.0 100000000 0.0 500000000 400000000 200000000 100000000 0.0 0.0 400000000 300000000 100000000 0.0 0.0 700000000 200000000 100000000 -100000000 0.0 0.0 0.0 200000000 0.0 -100000000 0.0 300000000 4200000000 100000000 100000000 700000000 1200000000 100000000 0.0 200000000 300000000 0.0 3700000000 900000000 0.0 0.0 400000000 400000000 100000000 0.0 100000000 300000000 0.0 700000000 1600000000 100000000 0.0 0.0 300000000 0.0 0.0 0.0 0.0 0.0 1300000000 700000000 0.0 0.0 100000000 100000000 0.0 0.0 100000000 0.0 0.0 800000000 2200000000 -800000000 -400000000 0.0 0.0 1100000000 900000000 300000000 200000000 -100000000 1700000000 300000000 -300000000 0.0 0.0 0.0 100000000 0.0 0.0 0.0 0.0 100000000 1500000000 -400000000 -300000000 0.0 0.0 800000000 700000000 100000000 200000000 0.0 1200000000 300000000 -100000000 0.0 0.0 0.0 100000000 100000000 100000000 0.0 0.0 300000000 14200000000 -2200000000 -1800000000 0.0 0.0 4700000000 3100000000 700000000 3400000000 -300000000 10500000000 800000000 -100000000 -100000000 0.0 0.0 0.0 100000000 0.0 0.0 0.0 700000000 <div id="TextBlockContainer654" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:397px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_652_XBRL_TS_700f77bba133433081b943f9a501b512" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer653" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:397px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a116168" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:0px;">For the twelve months ended<div style="display:inline-block;width:4.01px"> </div>31 December 2021 </div><div id="a116196" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:17.5px;">Financial assets at fair value held<div style="display:inline-block;width:4.06px"> </div>for </div><div id="a116197" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:29.3px;">trading </div><div id="a116199_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.47px;top:29.3px;">2.3</div><div id="a116203_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:240.27px;top:29.3px;display:flex;">(0.0)</div><div id="a116206_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.057px;top:29.3px;display:flex;">(0.1)</div><div id="a116210_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:339.644px;top:29.3px;">0.3</div><div id="a116213_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:375.11px;top:29.3px;display:flex;">(1.6)</div><div id="a116216_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.844px;top:29.3px;">1.2</div><div id="a116219" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.377px;top:29.3px;">0.0</div><div id="a116221_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.91px;top:29.3px;">0.3</div><div id="a116224_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.617px;top:29.3px;display:flex;">(0.3)</div><div id="a116227_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:608.404px;top:29.3px;display:flex;">(0.0)</div><div id="a116230_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.444px;top:29.3px;">2.3</div><div id="a116233" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:41.6px;">of which: Investment fund units </div><div id="a116236_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:41.6px;">0.0</div><div id="a116240_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:239.79px;top:41.6px;display:flex;">(0.0)</div><div id="a116243_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:287.59px;top:41.6px;display:flex;">(0.0)</div><div id="a116247_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:41.6px;">0.0</div><div id="a116250_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:374.63px;top:41.6px;display:flex;">(0.0)</div><div id="a116253" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:41.6px;">0.0</div><div id="a116255" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:476.377px;top:41.6px;">0.0</div><div id="a116257_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:41.6px;">0.0</div><div id="a116260_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.137px;top:41.6px;display:flex;">(0.0)</div><div id="a116263_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.937px;top:41.6px;display:flex;">(0.0)</div><div id="a116266_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.91px;top:41.6px;">0.0</div><div id="a116269" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:54.4px;">of which: Corporate and municipal </div><div id="a116270" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:66.2px;">bonds </div><div id="a116272_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:66.2px;">0.8</div><div id="a116276_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:244.99px;top:66.2px;">0.0</div><div id="a116279_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:287.59px;top:66.2px;display:flex;">(0.0)</div><div id="a116283_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:66.2px;">0.2</div><div id="a116286_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:374.63px;top:66.2px;display:flex;">(0.4)</div><div id="a116289" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:66.2px;">0.0</div><div id="a116291" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:476.377px;top:66.2px;">0.0</div><div id="a116293_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:66.2px;">0.0</div><div id="a116296_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.137px;top:66.2px;display:flex;">(0.1)</div><div id="a116299_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.937px;top:66.2px;display:flex;">(0.0)</div><div id="a116302_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.91px;top:66.2px;">0.6</div><div id="a116305" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:79.5px;">of which: Loans </div><div id="a116307_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:79.5px;">1.1</div><div id="a116311_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:244.99px;top:79.5px;">0.0</div><div id="a116314_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:287.59px;top:79.5px;display:flex;">(0.0)</div><div id="a116318_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:79.5px;">0.0</div><div id="a116321_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:374.63px;top:79.5px;display:flex;">(0.8)</div><div id="a116324_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:79.5px;">1.2</div><div id="a116327" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:476.377px;top:79.5px;">0.0</div><div id="a116329_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:79.5px;">0.0</div><div id="a116332_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.137px;top:79.5px;display:flex;">(0.2)</div><div id="a116335_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.137px;top:79.5px;">0.0</div><div id="a116338_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.91px;top:79.5px;">1.4</div><div id="a116355" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:98.4px;">Derivative financial instruments – </div><div id="a116358" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:110.3px;">assets </div><div id="a116360_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.47px;top:110.3px;">1.8</div><div id="a116364_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:240.27px;top:110.3px;display:flex;">(0.2)</div><div id="a116367_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.057px;top:110.3px;display:flex;">(0.1)</div><div id="a116371" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:340.11px;top:110.3px;">0.0</div><div id="a116373" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:110.3px;">0.0</div><div id="a116375_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.844px;top:110.3px;">0.5</div><div id="a116378_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:471.644px;top:110.3px;display:flex;">(0.7)</div><div id="a116381_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.91px;top:110.3px;">0.1</div><div id="a116384_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.617px;top:110.3px;display:flex;">(0.3)</div><div id="a116387_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:608.404px;top:110.3px;display:flex;">(0.0)</div><div id="a116390_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.444px;top:110.3px;">1.1</div><div id="a116393" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:122.5px;">of which: Interest rate </div><div id="a116396_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:122.5px;">0.5</div><div id="a116400_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:244.99px;top:122.5px;">0.1</div><div id="a116403_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:292.79px;top:122.5px;">0.1</div><div id="a116407" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:122.5px;">0.0</div><div id="a116409" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:379.83px;top:122.5px;">0.0</div><div id="a116411_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:122.5px;">0.1</div><div id="a116414_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:471.164px;top:122.5px;display:flex;">(0.2)</div><div id="a116417_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:122.5px;">0.0</div><div id="a116420_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.137px;top:122.5px;display:flex;">(0.1)</div><div id="a116423_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.937px;top:122.5px;display:flex;">(0.0)</div><div id="a116426_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.91px;top:122.5px;">0.5</div><div id="a116429" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:135.3px;">of which: Equity / index </div><div id="a116431_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:135.3px;">0.9</div><div id="a116435_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:239.79px;top:135.3px;display:flex;">(0.1)</div><div id="a116438_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:287.59px;top:135.3px;display:flex;">(0.1)</div><div id="a116442" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:135.3px;">0.0</div><div id="a116444" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:379.83px;top:135.3px;">0.0</div><div id="a116446_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:135.3px;">0.3</div><div id="a116449_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:471.164px;top:135.3px;display:flex;">(0.4)</div><div id="a116452_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:135.3px;">0.0</div><div id="a116455_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.137px;top:135.3px;display:flex;">(0.2)</div><div id="a116458_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.937px;top:135.3px;display:flex;">(0.0)</div><div id="a116461_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.91px;top:135.3px;">0.4</div><div id="a116464" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:148.6px;">of which: Credit </div><div id="a116466_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:148.6px;">0.3</div><div id="a116470_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:239.79px;top:148.6px;display:flex;">(0.1)</div><div id="a116473_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:287.59px;top:148.6px;display:flex;">(0.1)</div><div id="a116477" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:148.6px;">0.0</div><div id="a116479" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:379.83px;top:148.6px;">0.0</div><div id="a116481_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:148.6px;">0.0</div><div id="a116484_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:471.164px;top:148.6px;display:flex;">(0.1)</div><div id="a116487_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:148.6px;">0.0</div><div id="a116490_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.137px;top:148.6px;display:flex;">(0.0)</div><div id="a116493_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.137px;top:148.6px;">0.0</div><div id="a116496_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.91px;top:148.6px;">0.2</div><div id="a116513" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:167.5px;">Financial assets at fair value not<div style="display:inline-block;width:3.76px"> </div>held </div><div id="a116514" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:179.3px;">for trading </div><div id="a116516_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.47px;top:179.3px;">3.9</div><div id="a116520_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.524px;top:179.3px;">0.1</div><div id="a116523_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:292.31px;top:179.3px;">0.1</div><div id="a116527_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:339.644px;top:179.3px;">1.0</div><div id="a116530_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:375.11px;top:179.3px;display:flex;">(0.6)</div><div id="a116533" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:424.324px;top:179.3px;">0.0</div><div id="a116535_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:475.897px;top:179.3px;">0.0</div><div id="a116538_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.91px;top:179.3px;">0.1</div><div id="a116541_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.617px;top:179.3px;display:flex;">(0.3)</div><div id="a116544_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:608.404px;top:179.3px;display:flex;">(0.0)</div><div id="a116547_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.444px;top:179.3px;">4.2</div><div id="a116550" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:191.6px;">of which: Loans </div><div id="a116553_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:191.6px;">0.9</div><div id="a116557_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:239.79px;top:191.6px;display:flex;">(0.0)</div><div id="a116560_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:292.79px;top:191.6px;">0.0</div><div id="a116564_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:191.6px;">0.6</div><div id="a116567_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:374.63px;top:191.6px;display:flex;">(0.3)</div><div id="a116570" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:191.6px;">0.0</div><div id="a116572" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:476.377px;top:191.6px;">0.0</div><div id="a116574_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:191.6px;">0.0</div><div id="a116577_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.137px;top:191.6px;display:flex;">(0.3)</div><div id="a116580_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.937px;top:191.6px;display:flex;">(0.0)</div><div id="a116583_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.91px;top:191.6px;">0.9</div><div id="a116586" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:204.4px;">of which: Auction rate securities </div><div id="a116588_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:204.4px;">1.5</div><div id="a116592_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:244.99px;top:204.4px;">0.1</div><div id="a116595_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:292.79px;top:204.4px;">0.1</div><div id="a116599" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:204.4px;">0.0</div><div id="a116601" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:379.83px;top:204.4px;">0.0</div><div id="a116603" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:204.4px;">0.0</div><div id="a116605" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:476.377px;top:204.4px;">0.0</div><div id="a116607" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:204.4px;">0.0</div><div id="a116609" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:565.337px;top:204.4px;">0.0</div><div id="a116611" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.137px;top:204.4px;">0.0</div><div id="a116613_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.91px;top:204.4px;">1.6</div><div id="a116616" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:217.6px;">of which: Equity instruments </div><div id="a116618_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:217.6px;">0.5</div><div id="a116622_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:244.99px;top:217.6px;">0.1</div><div id="a116625_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:292.79px;top:217.6px;">0.1</div><div id="a116629_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:217.6px;">0.1</div><div id="a116632_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:374.63px;top:217.6px;display:flex;">(0.1)</div><div id="a116635" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:217.6px;">0.0</div><div id="a116637_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:476.377px;top:217.6px;">0.0</div><div id="a116640_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:217.6px;">0.0</div><div id="a116643_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.137px;top:217.6px;display:flex;">(0.0)</div><div id="a116646_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.937px;top:217.6px;display:flex;">(0.0)</div><div id="a116649_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.91px;top:217.6px;">0.7</div><div id="a116666" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:236.6px;">Derivative financial instruments – </div><div id="a116669" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:248.4px;">liabilities </div><div id="a116671_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.47px;top:248.4px;">3.5</div><div id="a116675_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.524px;top:248.4px;">0.2</div><div id="a116678_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.057px;top:248.4px;display:flex;">(0.0)</div><div id="a116682_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:339.644px;top:248.4px;">0.0</div><div id="a116685" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:248.4px;">0.0</div><div id="a116687_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.844px;top:248.4px;">0.9</div><div id="a116690_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:471.644px;top:248.4px;display:flex;">(1.8)</div><div id="a116693_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.91px;top:248.4px;">0.0</div><div id="a116696_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.617px;top:248.4px;display:flex;">(0.5)</div><div id="a116699_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:608.404px;top:248.4px;display:flex;">(0.0)</div><div id="a116702_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.444px;top:248.4px;">2.2</div><div id="a116705" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:260.7px;">of which: Interest rate </div><div id="a116708_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:260.7px;">0.5</div><div id="a116712_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:239.79px;top:260.7px;display:flex;">(0.1)</div><div id="a116715_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:287.59px;top:260.7px;display:flex;">(0.1)</div><div id="a116719" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:260.7px;">0.0</div><div id="a116721" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:379.83px;top:260.7px;">0.0</div><div id="a116723_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:260.7px;">0.0</div><div id="a116726_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:471.164px;top:260.7px;display:flex;">(0.1)</div><div id="a116729" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:260.7px;">0.0</div><div id="a116731_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.137px;top:260.7px;display:flex;">(0.0)</div><div id="a116734_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.937px;top:260.7px;display:flex;">(0.0)</div><div id="a116737_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.91px;top:260.7px;">0.3</div><div id="a116740" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:273.9px;">of which: Equity / index </div><div id="a116742_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:273.9px;">2.3</div><div id="a116746_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:244.99px;top:273.9px;">0.3</div><div id="a116749_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:292.79px;top:273.9px;">0.1</div><div id="a116753" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:273.9px;">0.0</div><div id="a116755" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:379.83px;top:273.9px;">0.0</div><div id="a116757_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:273.9px;">0.8</div><div id="a116760_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:471.164px;top:273.9px;display:flex;">(1.5)</div><div id="a116763_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:273.9px;">0.0</div><div id="a116766_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.137px;top:273.9px;display:flex;">(0.4)</div><div id="a116769_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.937px;top:273.9px;display:flex;">(0.0)</div><div id="a116772_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.91px;top:273.9px;">1.5</div><div id="a116775" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:286.7px;">of which: Credit </div><div id="a116777_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:286.7px;">0.5</div><div id="a116781_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:239.79px;top:286.7px;display:flex;">(0.1)</div><div id="a116784_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:287.59px;top:286.7px;display:flex;">(0.1)</div><div id="a116788_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:286.7px;">0.0</div><div id="a116791" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:379.83px;top:286.7px;">0.0</div><div id="a116793_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:286.7px;">0.0</div><div id="a116796_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:471.164px;top:286.7px;display:flex;">(0.0)</div><div id="a116799" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:286.7px;">0.0</div><div id="a116801_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.137px;top:286.7px;display:flex;">(0.1)</div><div id="a116804_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.937px;top:286.7px;display:flex;">(0.0)</div><div id="a116807_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.91px;top:286.7px;">0.3</div><div id="a116824" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:304.7px;">Debt issued designated at fair value </div><div id="a116826_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:187.737px;top:304.7px;">11.0</div><div id="a116830_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.524px;top:304.7px;">0.7</div><div id="a116833_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:292.31px;top:304.7px;">0.6</div><div id="a116837" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:340.11px;top:304.7px;">0.0</div><div id="a116839" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:304.7px;">0.0</div><div id="a116841_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.844px;top:304.7px;">8.0</div><div id="a116844_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:471.644px;top:304.7px;display:flex;">(4.2)</div><div id="a116847_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.91px;top:304.7px;">0.2</div><div id="a116850_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.617px;top:304.7px;display:flex;">(1.2)</div><div id="a116853_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:608.404px;top:304.7px;display:flex;">(0.2)</div><div id="a116856_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.71px;top:304.7px;">14.2</div><div id="a116873" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:323.1px;">Other financial liabilities designated at </div><div id="a116874" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:334.5px;">fair value </div><div id="a116876_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.47px;top:334.5px;">0.7</div><div id="a116880_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.524px;top:334.5px;">0.0</div><div id="a116883_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:292.31px;top:334.5px;">0.0</div><div id="a116887" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:340.11px;top:334.5px;">0.0</div><div id="a116889" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:334.5px;">0.0</div><div id="a116891_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.844px;top:334.5px;">0.4</div><div id="a116894_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:471.644px;top:334.5px;display:flex;">(0.2)</div><div id="a116897" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.377px;top:334.5px;">0.0</div><div id="a116899_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.617px;top:334.5px;display:flex;">(0.0)</div><div id="a116902_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:608.404px;top:334.5px;display:flex;">(0.0)</div><div id="a116905_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.444px;top:334.5px;">0.8</div><div id="a116908" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:348.6px;">1 Net gains / losses included in comprehensive<div style="display:inline-block;width:3.95px"> </div>income are recognized in Net interest<div style="display:inline-block;width:3.79px"> </div>income and Other net income<div style="display:inline-block;width:3.45px"> </div>from financial instruments<div style="display:inline-block;width:3.88px"> </div>measured at fair value through profit<div style="display:inline-block;width:3.48px"> </div>or loss in the Income statement,<div style="display:inline-block;width:3.46px"> </div>and </div><div id="a116913" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:358.5px;">also in<div style="display:inline-block;width:3.46px"> </div>Gains /<div style="display:inline-block;width:4.26px"> </div>(losses) from<div style="display:inline-block;width:4.4px"> </div>own credit<div style="display:inline-block;width:4.25px"> </div>on financial<div style="display:inline-block;width:4.83px"> </div>liabilities<div style="display:inline-block;width:3.61px"> </div>designated at<div style="display:inline-block;width:3.8px"> </div>fair value,<div style="display:inline-block;width:4.89px"> </div>before tax<div style="display:inline-block;width:4.26px"> </div>in the<div style="display:inline-block;width:3.63px"> </div>Statement<div style="display:inline-block;width:3.94px"> </div>of comprehensive<div style="display:inline-block;width:4.39px"> </div>income.<div style="display:inline-block;width:12.44px"> </div>2 Total<div style="display:inline-block;width:4.27px"> </div>Level 3<div style="display:inline-block;width:3.55px"> </div>assets as<div style="display:inline-block;width:4.11px"> </div>of 31 December<div style="display:inline-block;width:4.63px"> </div>2022<div style="display:inline-block;width:3.52px"> </div>were USD </div><div id="a116913_203_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:663.709px;top:358.5px;">6.8</div><div id="a116913_206_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:674.113px;top:358.5px;">bn </div><div id="a116919" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:368.4px;">(31 December 2021:<div style="display:inline-block;width:3.87px"> </div>USD </div><div id="a116919_23_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:86.413px;top:368.4px;">7.6</div><div id="a116919_26_63" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:96.817px;top:368.4px;">bn). Total Level<div style="display:inline-block;width:3.72px"> </div>3 liabilities<div style="display:inline-block;width:3.63px"> </div>as of 31 December<div style="display:inline-block;width:3.85px"> </div>2022 were<div style="display:inline-block;width:3.84px"> </div>USD </div><div id="a116919_89_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:299.404px;top:368.4px;">13.0</div><div id="a116919_93_26" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:314.064px;top:368.4px;">bn (31 December<div style="display:inline-block;width:3.53px"> </div>2021: USD </div><div id="a116919_119_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:407.733px;top:368.4px;">17.4</div><div id="a116919_123_21" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:422.866px;top:368.4px;">bn).<div style="display:inline-block;width:9.63px"> </div>3 Of the<div style="display:inline-block;width:3.48px"> </div>USD </div><div id="a116919_144_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:489.545px;top:368.4px;">2.2</div><div id="a116919_147_59" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:499.949px;top:368.4px;">bn in net gains<div style="display:inline-block;width:3.64px"> </div>/ losses<div style="display:inline-block;width:3.46px"> </div>that is included<div style="display:inline-block;width:3.79px"> </div>in comprehensive </div><div id="a116929" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:378.8px;">income, USD </div><div id="a116929_12_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:45.742px;top:378.8px;">1.7</div><div id="a116929_15_49" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:56.619px;top:378.8px;">bn is recognized<div style="display:inline-block;width:3.78px"> </div>in the Income<div style="display:inline-block;width:3.78px"> </div>statement and<div style="display:inline-block;width:3.63px"> </div>USD </div><div id="a116929_64_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:220.243px;top:378.8px;">0.5</div><div id="a116929_67_145" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:231.12px;top:378.8px;">bn is recognized<div style="display:inline-block;width:3.78px"> </div>in the Statement<div style="display:inline-block;width:4.11px"> </div>of comprehensive<div style="display:inline-block;width:3.92px"> </div>income in<div style="display:inline-block;width:3.39px"> </div>Gains / (losses)<div style="display:inline-block;width:4.13px"> </div>from own credit<div style="display:inline-block;width:3.93px"> </div>on financial liabilities<div style="display:inline-block;width:4.41px"> </div>designated at fair<div style="display:inline-block;width:3.96px"> </div>value, </div><div id="a116932" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:388.8px;">before tax.</div></div></div></div> 2300000000 0.0 -100000000 300000000 1600000000 1200000000 0.0 300000000 300000000 0.0 2300000000 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 800000000 0.0 0.0 200000000 400000000 0.0 0.0 0.0 100000000 0.0 600000000 1100000000 0.0 0.0 0.0 800000000 1200000000 0.0 0.0 200000000 0.0 1400000000 1800000000 -200000000 -100000000 0.0 0.0 500000000 700000000 100000000 300000000 0.0 1100000000 500000000 100000000 100000000 0.0 0.0 100000000 200000000 0.0 100000000 0.0 500000000 900000000 -100000000 -100000000 0.0 0.0 300000000 400000000 0.0 200000000 0.0 400000000 300000000 -100000000 -100000000 0.0 0.0 0.0 100000000 0.0 0.0 0.0 200000000 3900000000 100000000 100000000 1000000000.0 600000000 0.0 0.0 100000000 300000000 0.0 4200000000 900000000 0.0 0.0 600000000 300000000 0.0 0.0 0.0 300000000 0.0 900000000 1500000000 100000000 100000000 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1600000000 500000000 100000000 100000000 100000000 100000000 0.0 0.0 0.0 0.0 0.0 700000000 3500000000 200000000 0.0 0.0 0.0 900000000 1800000000 0.0 500000000 0.0 2200000000 500000000 -100000000 -100000000 0.0 0.0 0.0 100000000 0.0 0.0 0.0 300000000 2300000000 300000000 100000000 0.0 0.0 800000000 1500000000 0.0 400000000 0.0 1500000000 500000000 -100000000 -100000000 0.0 0.0 0.0 0.0 0.0 100000000 0.0 300000000 11000000000.0 700000000 600000000 0.0 0.0 8000000000.0 4200000000 200000000 1200000000 -200000000 14200000000 700000000 0.0 0.0 0.0 0.0 400000000 200000000 0.0 0.0 0.0 800000000 6800000000 7600000000 13000000000.0 17400000000 2200000000 1700000000 500000000 <div id="TextBlockContainer659" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:478px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a117008" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Maximum exposure to credit<div style="display:inline-block;width:4.28px"> </div>risk<div style="display:inline-block;width:2.93px"> </div></div><div id="a117017" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:427.662px;top:15.8px;">31.12.22 </div><div id="a117021" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:225.128px;top:57.4px;">Maximum </div><div id="a117023" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:218.502px;top:69.2px;">exposure to </div><div id="a117025" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:225.595px;top:80.6px;">credit risk </div><div id="a117027" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:350.062px;top:31.4px;">Collateral </div><div id="a117030" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:509.062px;top:31.4px;">Credit enhancements </div><div id="a117032" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:635.382px;top:33.7px;">Exposure to </div><div id="a117033" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:642.955px;top:45.6px;">credit risk </div><div id="a117034" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:625.928px;top:57.4px;">after collateral </div><div id="a117035" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:642.008px;top:69.2px;">and credit </div><div id="a117036" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:625.928px;top:80.6px;">enhancements </div><div id="a117038" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:80.6px;">USD bn </div><div id="a117041" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:297.542px;top:57.4px;">Cash </div><div id="a117043" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:282.382px;top:69.2px;">collateral </div><div id="a117045" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:285.715px;top:80.6px;">received </div><div id="a117047" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:321.662px;top:45.6px;">Collateralized </div><div id="a117048" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:322.128px;top:57.4px;">by equity and </div><div id="a117049" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:354.795px;top:69.2px;">debt </div><div id="a117050" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:328.755px;top:80.6px;">instruments </div><div id="a117052" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:381.755px;top:69.2px;">Secured by </div><div id="a117054" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.168px;top:80.6px;">real estate </div><div id="a117056" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:447.555px;top:69.2px;">Other<div style="display:inline-block;width:2.45px"> </div></div><div id="a117058" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:435.222px;top:80.6px;">collateral </div><div id="a117061" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:80.6px;">Netting </div><div id="a117063" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:545.942px;top:57.4px;">Credit </div><div id="a117065" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:532.702px;top:69.2px;">derivative </div><div id="a117067" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:534.595px;top:80.6px;">contracts </div><div id="a117069" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:578.128px;top:80.6px;">Guarantees<div style="display:inline-block;width:2.82px"> </div></div><div id="a117071" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:92.9px;">Financial assets measured at<div style="display:inline-block;width:3.38px"> </div></div><div id="a117073" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:104.7px;">fair value on the balance<div style="display:inline-block;width:3.78px"> </div>sheet</div><div id="a117074" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:115.822px;top:105.3px;">1</div><div id="a117087" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:117.9px;">Financial assets at fair value<div style="display:inline-block;width:3.53px"> </div></div><div id="a117089" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:129.3px;">held for trading – debt instruments</div><div id="a117094" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:130.982px;top:129.9px;">2,3</div><div id="a117097_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:244.075px;top:129.3px;">16.5</div><div id="a117105" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:514.728px;top:129.3px;"><div style="display:inline-block;width:2.37px"> </div></div><div id="a117109_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:661.435px;top:129.3px;">16.5</div><div id="a117112" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:143px;">Derivative financial instruments</div><div id="a117114" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:117.235px;top:143.7px;">4</div><div id="a117117_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:239.342px;top:143px;">150.1</div><div id="a117121_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:359.048px;top:143px;">5.9</div><div id="a117127_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:492.955px;top:143px;">133.5</div><div id="a117132_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:661.435px;top:143px;">10.7</div><div id="a117135" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:157.7px;">Brokerage receivables </div><div id="a117139_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:244.075px;top:157.7px;">17.6</div><div id="a117143_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:354.328px;top:157.7px;">17.3</div><div id="a117152_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:666.155px;top:157.7px;">0.3</div><div id="a117155" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:171.4px;">Financial assets at fair value not<div style="display:inline-block;width:3.4px"> </div></div><div id="a117157" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:182.8px;">held for trading – debt instruments</div><div id="a117161" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:130.982px;top:183.4px;">5</div><div id="a117164_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:244.075px;top:182.8px;">44.8</div><div id="a117168_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:354.328px;top:182.8px;">11.4</div><div id="a117177_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:661.435px;top:182.8px;">33.4</div><div id="a117180" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:196px;">Total financial assets<div style="display:inline-block;width:3.87px"> </div>measured at fair value </div><div id="a117184_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:239.342px;top:196.5px;">229.0</div><div id="a117187_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:303.222px;top:196.5px;">0.0</div><div id="a117190_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:354.328px;top:196.5px;">34.6</div><div id="a117193_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:408.742px;top:196.5px;">0.0</div><div id="a117196_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.062px;top:196.5px;">0.0</div><div id="a117200_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:492.955px;top:196.5px;">133.5</div><div id="a117203_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:555.435px;top:196.5px;">0.0</div><div id="a117206_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:607.488px;top:196.5px;">0.0</div><div id="a117209_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:661.435px;top:196.5px;">61.0</div><div id="a117212" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:210.2px;">Guarantees</div><div id="a117214" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:44.854px;top:210.9px;">6</div><div id="a117217_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:248.808px;top:210.7px;">0.2</div><div id="a117227_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:607.488px;top:210.7px;">0.2</div><div id="a117230_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:666.155px;top:210.7px;">0.0</div><div id="a117247" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:427.662px;top:230.6px;">31.12.21 </div><div id="a117251" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:225.128px;top:271.7px;">Maximum </div><div id="a117253" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:218.502px;top:283.5px;">exposure to </div><div id="a117255" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:226.075px;top:295.4px;">credit risk </div><div id="a117257" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:350.062px;top:246.2px;">Collateral </div><div id="a117260" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.062px;top:246.2px;">Credit enhancements </div><div id="a117262" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.862px;top:248.5px;">Exposure to </div><div id="a117263" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:643.422px;top:260.3px;">credit risk </div><div id="a117264" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:626.408px;top:271.7px;">after collateral </div><div id="a117265" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:642.008px;top:283.5px;">and credit </div><div id="a117266" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:625.928px;top:295.4px;">enhancements </div><div id="a117268" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:295.4px;">USD bn </div><div id="a117271" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:297.542px;top:271.7px;">Cash </div><div id="a117273" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:282.382px;top:283.5px;">collateral </div><div id="a117275" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:285.715px;top:295.4px;">received </div><div id="a117277" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:322.128px;top:260.3px;">Collateralized </div><div id="a117278" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:322.128px;top:271.7px;">by equity and </div><div id="a117279" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:354.795px;top:283.5px;">debt </div><div id="a117280" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:328.755px;top:295.4px;">instruments </div><div id="a117282" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:381.755px;top:283.5px;">Secured by </div><div id="a117284" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:383.168px;top:295.4px;">real estate </div><div id="a117286" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:447.555px;top:283.5px;">Other<div style="display:inline-block;width:2.45px"> </div></div><div id="a117288" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.222px;top:295.4px;">collateral </div><div id="a117291" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:487.742px;top:295.4px;">Netting </div><div id="a117293" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:545.942px;top:271.7px;">Credit </div><div id="a117295" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.702px;top:283.5px;">derivative </div><div id="a117297" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:534.595px;top:295.4px;">contracts </div><div id="a117299" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.608px;top:295.4px;">Guarantees<div style="display:inline-block;width:2.82px"> </div></div><div id="a117301" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:307.7px;">Financial assets measured at<div style="display:inline-block;width:3.38px"> </div></div><div id="a117303" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:319.5px;">fair value on the balance<div style="display:inline-block;width:3.78px"> </div>sheet</div><div id="a117304" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:115.822px;top:320.1px;">1</div><div id="a117317" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:332.3px;">Financial assets at fair value<div style="display:inline-block;width:3.53px"> </div></div><div id="a117319" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:344.1px;">held for trading – debt instruments</div><div id="a117324" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:130.982px;top:344.7px;">2,3</div><div id="a117327_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.075px;top:344.1px;">22.4</div><div id="a117335" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:514.728px;top:344.1px;"><div style="display:inline-block;width:2.37px"> </div></div><div id="a117339_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.435px;top:344.1px;">22.4</div><div id="a117342" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:357.8px;">Derivative financial instruments</div><div id="a117343" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:117.235px;top:358.4px;">4</div><div id="a117346_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:239.342px;top:357.8px;">118.1</div><div id="a117350_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:359.528px;top:357.8px;">4.2</div><div id="a117356_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:492.955px;top:357.8px;">103.2</div><div id="a117361_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.435px;top:357.8px;">10.7</div><div id="a117364" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:372px;">Brokerage receivables </div><div id="a117368_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.075px;top:372px;">21.8</div><div id="a117372_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:354.328px;top:372px;">21.6</div><div id="a117381_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:666.635px;top:372px;">0.2</div><div id="a117384" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:385.7px;">Financial assets at fair value not<div style="display:inline-block;width:3.4px"> </div></div><div id="a117386" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:397.6px;">held for trading – debt instruments</div><div id="a117390" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:130.982px;top:398.2px;">5</div><div id="a117393_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.075px;top:397.6px;">37.0</div><div id="a117397_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:354.328px;top:397.6px;">11.2</div><div id="a117406_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.435px;top:397.6px;">25.7</div><div id="a117409" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:410.3px;">Total financial assets<div style="display:inline-block;width:3.87px"> </div>measured at fair value </div><div id="a117413_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:239.342px;top:410.3px;">199.4</div><div id="a117416_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:303.222px;top:410.3px;">0.0</div><div id="a117419_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:354.328px;top:410.3px;">37.1</div><div id="a117422_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.742px;top:410.3px;">0.0</div><div id="a117425_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.062px;top:410.3px;">0.0</div><div id="a117429_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:492.955px;top:410.3px;">103.2</div><div id="a117432_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:555.435px;top:410.3px;">0.0</div><div id="a117435_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.488px;top:410.3px;">0.0</div><div id="a117438_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.435px;top:410.3px;">59.1</div><div id="a117441" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:425px;">Guarantees</div><div id="a117442" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:44.854px;top:425.6px;">6</div><div id="a117445_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:249.275px;top:425px;">0.2</div><div id="a117455_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.955px;top:425px;">0.2</div><div id="a117458_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:666.635px;top:425px;">0.0</div><div id="a117461" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:439.1px;">1 The maximum exposure<div style="display:inline-block;width:3.63px"> </div>to loss is generally<div style="display:inline-block;width:3.45px"> </div>equal to the carrying amount<div style="display:inline-block;width:3.48px"> </div>and subject to change<div style="display:inline-block;width:3.65px"> </div>over time with market<div style="display:inline-block;width:4.31px"> </div>movements.<div style="display:inline-block;width:9.12px"> </div>2 These positions<div style="display:inline-block;width:3.94px"> </div>are generally managed under the<div style="display:inline-block;width:4.13px"> </div>market risk framework.<div style="display:inline-block;width:3.94px"> </div>For </div><div id="a117463" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:449.5px;">the purpose of this<div style="display:inline-block;width:3.47px"> </div>disclosure, collateral<div style="display:inline-block;width:3.93px"> </div>and credit enhancements<div style="display:inline-block;width:4.12px"> </div>were not considered.<div style="display:inline-block;width:10.41px"> </div>3 Does not include<div style="display:inline-block;width:3.82px"> </div>investment fund<div style="display:inline-block;width:3.62px"> </div>units.<div style="display:inline-block;width:9.3px"> </div>4 The<div style="display:inline-block;width:3.39px"> </div>amount shown in the<div style="display:inline-block;width:3.62px"> </div>“Netting” column<div style="display:inline-block;width:3.86px"> </div>represents the<div style="display:inline-block;width:3.47px"> </div>netting potential </div><div id="a117469" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:459.4px;">not recognized on the balance<div style="display:inline-block;width:3.8px"> </div>sheet. Refer to Note<div style="display:inline-block;width:3.73px"> </div>21 for more information.<div style="display:inline-block;width:10.09px"> </div>5 Financial assets<div style="display:inline-block;width:3.56px"> </div>at fair value not<div style="display:inline-block;width:3.63px"> </div>held for trading collateralized<div style="display:inline-block;width:4.25px"> </div>by securities consisted<div style="display:inline-block;width:3.94px"> </div>of structured loans and reverse<div style="display:inline-block;width:3.95px"> </div>repurchase and </div><div id="a117476" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:469.4px;">securities borrowing agreements.<div style="display:inline-block;width:9.92px"> </div>6 The amount<div style="display:inline-block;width:3.56px"> </div>shown in the “Guarantees”<div style="display:inline-block;width:3.82px"> </div>column largely relates to<div style="display:inline-block;width:3.62px"> </div>sub-participations.</div></div> 16500000000 16500000000 150100000000 5900000000 133500000000 10700000000 17600000000 17300000000 300000000 44800000000 11400000000 33400000000 229000000000.0 0.0 34600000000 0.0 0.0 133500000000 0.0 0.0 61000000000.0 200000000 200000000 0.0 22400000000 22400000000 118100000000 4200000000 103200000000 10700000000 21800000000 21600000000 200000000 37000000000.0 11200000000 25700000000 199400000000 0.0 37100000000 0.0 0.0 103200000000 0.0 0.0 59100000000 200000000 200000000 0.0 <div id="TextBlockContainer666" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:409px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_664_XBRL_TS_63ed47ed0f2547f68d05d29883fcde07" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer665" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:409px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a117545" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Financial instruments not measured<div style="display:inline-block;width:4.74px"> </div>at fair value </div><div id="a117561" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:288.088px;top:15.8px;">31.12.22 </div><div id="a117564" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.048px;top:15.8px;">31.12.21 </div><div id="a117568" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:188.715px;top:30px;">Carrying </div><div id="a117569" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:191.555px;top:41.3px;">amount </div><div id="a117572" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:312.208px;top:41.3px;">Fair value </div><div id="a117575" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:446.608px;top:30px;">Carrying </div><div id="a117576" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.968px;top:41.3px;">amount </div><div id="a117579" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:567.262px;top:41.3px;">Fair value </div><div id="a117581" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:89.1px;">USD bn </div><div id="a117584" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:201.475px;top:89.1px;">Total </div><div id="a117587" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:249.755px;top:53.6px;">Carrying </div><div id="a117588" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:252.115px;top:65.5px;">amount </div><div id="a117589" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:231.275px;top:77.3px;">approximates </div><div id="a117590" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:244.075px;top:89.1px;">fair value</div><div id="a117591" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:277.648px;top:89.7px;">1</div><div id="a117593" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:291.875px;top:89.1px;">Level<div style="display:inline-block;width:2.58px"> </div>1 </div><div id="a117596" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:328.755px;top:89.1px;">Level 2 </div><div id="a117598" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:365.675px;top:89.1px;">Level 3 </div><div id="a117600" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:410.635px;top:89.1px;">Total </div><div id="a117603" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:458.902px;top:89.1px;">Total </div><div id="a117606" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:507.168px;top:53.6px;">Carrying </div><div id="a117607" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.528px;top:65.5px;">amount </div><div id="a117608" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:488.688px;top:77.3px;">approximates </div><div id="a117609" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.022px;top:89.1px;">fair value</div><div id="a117610" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:534.128px;top:89.7px;">1</div><div id="a117612" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:547.875px;top:89.1px;">Level 1 </div><div id="a117614" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.808px;top:89.1px;">Level 2 </div><div id="a117616" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:620.248px;top:89.1px;">Level 3 </div><div id="a117618" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:89.1px;">Total </div><div id="a117620" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:102.8px;">Assets </div><div id="a117638" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:119.4px;">Cash and balances at central banks </div><div id="a117642_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:197.702px;top:119.4px;">169.4</div><div id="a117646_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:258.728px;top:119.4px;">169.4</div><div id="a117649_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:119.4px;">0.1</div><div id="a117652_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:119.4px;">0.0</div><div id="a117655_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:119.4px;">0.0</div><div id="a117658_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:406.848px;top:119.4px;">169.4</div><div id="a117662_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.115px;top:119.4px;">192.8</div><div id="a117666_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:515.675px;top:119.4px;">192.7</div><div id="a117669_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:119.4px;">0.1</div><div id="a117672_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:119.4px;">0.0</div><div id="a117675_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:119.4px;">0.0</div><div id="a117678_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.008px;top:119.4px;">192.8</div><div id="a117681" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:135.5px;">Loans and advances to banks </div><div id="a117684_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:202.422px;top:135.5px;">14.8</div><div id="a117688_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.462px;top:135.5px;">14.0</div><div id="a117691_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:135.5px;">0.0</div><div id="a117694_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:135.5px;">0.7</div><div id="a117697_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:135.5px;">0.0</div><div id="a117700_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:135.5px;">14.8</div><div id="a117704_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.848px;top:135.5px;">15.5</div><div id="a117708_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.408px;top:135.5px;">14.8</div><div id="a117711_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:135.5px;">0.0</div><div id="a117714_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:135.5px;">0.7</div><div id="a117717_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:135.5px;">0.0</div><div id="a117720_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.742px;top:135.5px;">15.5</div><div id="a117723" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:150.1px;">Receivables from securities financing </div><div id="a117724" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:162px;">transactions measured at amortized cost </div><div id="a117727_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:202.422px;top:162px;">67.8</div><div id="a117731_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.462px;top:162px;">64.3</div><div id="a117734_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:162px;">0.0</div><div id="a117737_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:162px;">1.8</div><div id="a117740_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:162px;">1.7</div><div id="a117743_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:162px;">67.8</div><div id="a117747_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.848px;top:162px;">75.0</div><div id="a117751_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.408px;top:162px;">71.6</div><div id="a117754_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:162px;">0.0</div><div id="a117757_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:162px;">1.3</div><div id="a117760_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:162px;">2.1</div><div id="a117763_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.742px;top:162px;">75.0</div><div id="a117766" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:175.2px;">Cash collateral receivables on derivative </div><div id="a117767" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:186.5px;">instruments </div><div id="a117770_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:202.422px;top:186.5px;">35.0</div><div id="a117774_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.462px;top:186.5px;">35.0</div><div id="a117777_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:186.5px;">0.0</div><div id="a117780_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:186.5px;">0.0</div><div id="a117783_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:186.5px;">0.0</div><div id="a117786_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:186.5px;">35.0</div><div id="a117790_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.848px;top:186.5px;">30.5</div><div id="a117794_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.408px;top:186.5px;">30.5</div><div id="a117797_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:186.5px;">0.0</div><div id="a117800_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:186.5px;">0.0</div><div id="a117803_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:186.5px;">0.0</div><div id="a117806_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.742px;top:186.5px;">30.5</div><div id="a117809" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:200.8px;">Loans and advances to customers </div><div id="a117812_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:197.702px;top:200.8px;">387.2</div><div id="a117816_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:258.728px;top:200.8px;">134.3</div><div id="a117819_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:200.8px;">0.0</div><div id="a117822_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.302px;top:200.8px;">45.9</div><div id="a117825_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:369.462px;top:200.8px;">194.7</div><div id="a117828_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:406.848px;top:200.8px;">374.9</div><div id="a117832_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.115px;top:200.8px;">397.8</div><div id="a117836_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:515.675px;top:200.8px;">163.1</div><div id="a117839_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:200.8px;">0.0</div><div id="a117842_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.328px;top:200.8px;">43.8</div><div id="a117845_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:624.035px;top:200.8px;">190.1</div><div id="a117848_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.008px;top:200.8px;">396.9</div><div id="a117851" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:215px;">Other financial assets measured at amortized </div><div id="a117852" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:226.8px;">cost</div><div id="a117853" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:18.339px;top:227.4px;">2</div><div id="a117856_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:202.422px;top:226.8px;">53.3</div><div id="a117860_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.462px;top:226.8px;">12.9</div><div id="a117863_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:300.382px;top:226.8px;">10.3</div><div id="a117866_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.302px;top:226.8px;">25.1</div><div id="a117869_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:226.8px;">2.5</div><div id="a117872_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:226.8px;">50.8</div><div id="a117876_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.848px;top:226.8px;">26.2</div><div id="a117880_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.608px;top:226.8px;">4.1</div><div id="a117883_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:226.8px;">9.3</div><div id="a117886_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.328px;top:226.8px;">10.7</div><div id="a117889_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:226.8px;">2.4</div><div id="a117892_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.742px;top:226.8px;">26.5</div><div id="a117895" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:241.4px;">Liabilities </div><div id="a117913" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:258px;">Amounts due to banks </div><div id="a117916_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:202.422px;top:258px;">11.6</div><div id="a117920_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:268.195px;top:258px;">8.9</div><div id="a117923_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:258px;">0.0</div><div id="a117926_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:258px;">2.7</div><div id="a117929_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:258px;">0.0</div><div id="a117932_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:258px;">11.6</div><div id="a117936_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.848px;top:258px;">13.1</div><div id="a117940_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.608px;top:258px;">9.1</div><div id="a117943_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:258px;">0.0</div><div id="a117946_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:258px;">4.0</div><div id="a117949_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:258px;">0.0</div><div id="a117952_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.742px;top:258px;">13.1</div><div id="a117955" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:272.7px;">Payables from securities financing </div><div id="a117956" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:284px;">transactions measured at amortized cost </div><div id="a117959_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:207.155px;top:284px;">4.2</div><div id="a117963_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:268.195px;top:284px;">3.5</div><div id="a117966_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:284px;">0.0</div><div id="a117969_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:284px;">0.7</div><div id="a117972_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:284px;">0.0</div><div id="a117975_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:416.302px;top:284px;">4.2</div><div id="a117979_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.048px;top:284px;">5.5</div><div id="a117983_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.608px;top:284px;">4.1</div><div id="a117986_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:284px;">0.0</div><div id="a117989_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:284px;">1.5</div><div id="a117992_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:284px;">0.0</div><div id="a117995_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.942px;top:284px;">5.5</div><div id="a117998" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:297.3px;">Cash collateral payables on derivative </div><div id="a117999" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:309.1px;">instruments </div><div id="a118002_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:202.422px;top:309.1px;">36.4</div><div id="a118006_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.462px;top:309.1px;">36.4</div><div id="a118009_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:309.1px;">0.0</div><div id="a118012_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:309.1px;">0.0</div><div id="a118015_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:309.1px;">0.0</div><div id="a118018_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:309.1px;">36.4</div><div id="a118022_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.848px;top:309.1px;">31.8</div><div id="a118026_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.408px;top:309.1px;">31.8</div><div id="a118029_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:309.1px;">0.0</div><div id="a118032_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:309.1px;">0.0</div><div id="a118035_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:309.1px;">0.0</div><div id="a118038_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.742px;top:309.1px;">31.8</div><div id="a118041" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:323.8px;">Customer deposits </div><div id="a118044_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:197.702px;top:323.8px;">525.1</div><div id="a118048_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:258.728px;top:323.8px;">491.3</div><div id="a118051_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:323.8px;">0.0</div><div id="a118054_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.302px;top:323.8px;">33.6</div><div id="a118057_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:323.8px;">0.0</div><div id="a118060_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:406.848px;top:323.8px;">524.8</div><div id="a118064_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.115px;top:323.8px;">542.0</div><div id="a118068_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:515.675px;top:323.8px;">535.4</div><div id="a118071_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:323.8px;">0.0</div><div id="a118074_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:323.8px;">6.6</div><div id="a118077_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:323.8px;">0.0</div><div id="a118080_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.008px;top:323.8px;">542.0</div><div id="a118083" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:339.8px;">Debt issued measured at amortized cost </div><div id="a118086_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:197.702px;top:339.8px;">114.6</div><div id="a118090_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.462px;top:339.8px;">15.4</div><div id="a118093_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:339.8px;">0.0</div><div id="a118096_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.302px;top:339.8px;">98.1</div><div id="a118099_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:339.8px;">0.0</div><div id="a118102_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:406.848px;top:339.8px;">113.5</div><div id="a118106_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.115px;top:339.8px;">139.2</div><div id="a118110_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.408px;top:339.8px;">15.8</div><div id="a118113_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:339.8px;">0.0</div><div id="a118116_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.595px;top:339.8px;">125.3</div><div id="a118119_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:339.8px;">0.0</div><div id="a118122_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.008px;top:339.8px;">141.1</div><div id="a118125" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:354.5px;">Other financial liabilities measured at </div><div id="a118126" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:366.3px;">amortized cost</div><div id="a118127" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:56.676px;top:367px;">3</div><div id="a118130_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:207.155px;top:366.3px;">6.2</div><div id="a118134_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:268.195px;top:366.3px;">6.2</div><div id="a118137_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:366.3px;">0.0</div><div id="a118140_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:366.3px;">0.0</div><div id="a118143_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:366.3px;">0.0</div><div id="a118146_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:416.302px;top:366.3px;">6.2</div><div id="a118150_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.048px;top:366.3px;">5.4</div><div id="a118154_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.608px;top:366.3px;">5.4</div><div id="a118157_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:366.3px;">0.0</div><div id="a118160_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:366.3px;">0.0</div><div id="a118163_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:366.3px;">0.0</div><div id="a118166_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.942px;top:366.3px;">5.4</div><div id="a118169" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:379.9px;">1 Includes certain financial instruments<div style="display:inline-block;width:4.29px"> </div>where the carrying amount<div style="display:inline-block;width:3.64px"> </div>is a reasonable approximation<div style="display:inline-block;width:4.48px"> </div>of the fair value<div style="display:inline-block;width:3.47px"> </div>due to the instruments’<div style="display:inline-block;width:3.88px"> </div>short-term nature (instruments<div style="display:inline-block;width:3.65px"> </div>that are receivable<div style="display:inline-block;width:3.48px"> </div>or payable on demand,<div style="display:inline-block;width:3.95px"> </div>or </div><div id="a118174" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:390.4px;">with a remaining maturity (excluding the effects<div style="display:inline-block;width:3.69px"> </div>of callable features) of three months or less).<div style="display:inline-block;width:8.53px"> </div>2 Effective 1 April 2022, a portfolio of assets<div style="display:inline-block;width:3.77px"> </div>previously classified as Financial assets measured at<div style="display:inline-block;width:3.64px"> </div>fair value through other </div><div id="a118178" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:400.3px;">comprehensive income was<div style="display:inline-block;width:3.44px"> </div>reclassified to Other financial<div style="display:inline-block;width:4.03px"> </div>assets measured at amortized<div style="display:inline-block;width:3.63px"> </div>cost. Refer to Note 1 for information.<div style="display:inline-block;width:10.25px"> </div>3 Excludes lease liabilities.</div></div></div></div> 169400000000 169400000000 100000000 0.0 0.0 169400000000 192800000000 192700000000 100000000 0.0 0.0 192800000000 14800000000 14000000000.0 0.0 700000000 0.0 14800000000 15500000000 14800000000 0.0 700000000 0.0 15500000000 67800000000 64300000000 0.0 1800000000 1700000000 67800000000 75000000000.0 71600000000 0.0 1300000000 2100000000 75000000000.0 35000000000.0 35000000000.0 0.0 0.0 0.0 35000000000.0 30500000000 30500000000 0.0 0.0 0.0 30500000000 387200000000 134300000000 0.0 45900000000 194700000000 374900000000 397800000000 163100000000 0.0 43800000000 190100000000 396900000000 53300000000 12900000000 10300000000 25100000000 2500000000 50800000000 26200000000 4100000000 9300000000 10700000000 2400000000 26500000000 11600000000 8900000000 0.0 2700000000 0.0 11600000000 13100000000 9100000000 0.0 4000000000.0 0.0 13100000000 4200000000 3500000000 0.0 700000000 0.0 4200000000 5500000000 4100000000 0.0 1500000000 0.0 5500000000 36400000000 36400000000 0.0 0.0 0.0 36400000000 31800000000 31800000000 0.0 0.0 0.0 31800000000 525100000000 491300000000 0.0 33600000000 0.0 524800000000 542000000000.0 535400000000 0.0 6600000000 0.0 542000000000.0 114600000000 15400000000 0.0 98100000000 0.0 113500000000 139200000000 15800000000 0.0 125300000000 0.0 141100000000 6200000000 6200000000 0.0 0.0 0.0 6200000000 5400000000 5400000000 0.0 0.0 0.0 5400000000 <div id="TextBlockContainer670" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:209px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a118252" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 21<div style="display:inline-block;width:8.21px"> </div>Offsetting financial assets and financial<div style="display:inline-block;width:5.15px"> </div>liabilities </div><div id="a118255" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:26.8px;">UBS enters into netting<div style="display:inline-block;width:5.21px"> </div>agreements with<div style="display:inline-block;width:5.11px"> </div>counterparties to manage<div style="display:inline-block;width:5.4px"> </div>the credit risks<div style="display:inline-block;width:5.13px"> </div>associated primarily<div style="display:inline-block;width:5.05px"> </div>with repurchase </div><div id="a118257" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:42.4px;">and<div style="display:inline-block;width:6.55px"> </div>reverse<div style="display:inline-block;width:5.93px"> </div>repurchase<div style="display:inline-block;width:7.25px"> </div>transactions,<div style="display:inline-block;width:6.66px"> </div>securities<div style="display:inline-block;width:6.2px"> </div>borrowing<div style="display:inline-block;width:7.09px"> </div>and<div style="display:inline-block;width:6.55px"> </div>lending,<div style="display:inline-block;width:6.85px"> </div>over-the-counter<div style="display:inline-block;width:6.89px"> </div>derivatives,<div style="display:inline-block;width:6.06px"> </div>and<div style="display:inline-block;width:6.55px"> </div>exchange-</div><div id="a118263" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:57.6px;">traded<div style="display:inline-block;width:5.3px"> </div>derivatives.<div style="display:inline-block;width:5.11px"> </div>These<div style="display:inline-block;width:5.45px"> </div>netting<div style="display:inline-block;width:5.4px"> </div>agreements<div style="display:inline-block;width:5.43px"> </div>and<div style="display:inline-block;width:5.61px"> </div>similar<div style="display:inline-block;width:5.1px"> </div>arrangements<div style="display:inline-block;width:5.72px"> </div>generally<div style="display:inline-block;width:5.04px"> </div>enable<div style="display:inline-block;width:6.29px"> </div>the<div style="display:inline-block;width:5.25px"> </div>counterparties<div style="display:inline-block;width:5.14px"> </div>to<div style="display:inline-block;width:5.31px"> </div>set<div style="display:inline-block;width:5.12px"> </div>off </div><div id="a118269" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:73.2px;">liabilities against available assets received<div style="display:inline-block;width:5.22px"> </div>in the ordinary course<div style="display:inline-block;width:5.05px"> </div>of business and<div style="display:inline-block;width:5.09px"> </div>/ or in the event that the counterparties </div><div id="a118271" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:88.3px;">to the transaction are unable<div style="display:inline-block;width:5.25px"> </div>to fulfill their contractual obligations. </div><div id="a118272" style="position:absolute;font-family:'Times New Roman';font-size:10.877px;font-weight:normal;font-style:normal;color:#3C8287;left:387.712px;top:90.4px;"> </div><div id="a118273" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:111px;">The tables<div style="display:inline-block;width:5.06px"> </div>below provide<div style="display:inline-block;width:5.69px"> </div>a summary of financial<div style="display:inline-block;width:5.36px"> </div>assets and<div style="display:inline-block;width:5.33px"> </div>financial liabilities<div style="display:inline-block;width:5.08px"> </div>subject to<div style="display:inline-block;width:5.35px"> </div>offsetting, enforceable<div style="display:inline-block;width:5.82px"> </div>master </div><div id="a118283" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:126.1px;">netting<div style="display:inline-block;width:6.34px"> </div>arrangements<div style="display:inline-block;width:6.66px"> </div>and<div style="display:inline-block;width:6.55px"> </div>similar<div style="display:inline-block;width:6.05px"> </div>agreements,<div style="display:inline-block;width:6.96px"> </div>as<div style="display:inline-block;width:6.2px"> </div>well<div style="display:inline-block;width:6.52px"> </div>as<div style="display:inline-block;width:6.67px"> </div>financial<div style="display:inline-block;width:6.36px"> </div>collateral<div style="display:inline-block;width:6.47px"> </div>received<div style="display:inline-block;width:7.18px"> </div>or<div style="display:inline-block;width:6.2px"> </div>pledged<div style="display:inline-block;width:6.88px"> </div>to<div style="display:inline-block;width:6.2px"> </div>mitigate<div style="display:inline-block;width:6.63px"> </div>credit </div><div id="a118286" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:141.8px;">exposures for these financial instruments<div style="display:inline-block;width:1.35px"> </div>.<div style="display:inline-block;width:4.36px"> </div></div><div id="a118291" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:164.5px;">The<div style="display:inline-block;width:5.88px"> </div>Group<div style="display:inline-block;width:5.79px"> </div>engages<div style="display:inline-block;width:5.86px"> </div>in<div style="display:inline-block;width:5.77px"> </div>a<div style="display:inline-block;width:5.2px"> </div>variety of<div style="display:inline-block;width:6.9px"> </div>counterparty<div style="display:inline-block;width:5.94px"> </div>credit<div style="display:inline-block;width:5.5px"> </div>risk<div style="display:inline-block;width:5.94px"> </div>mitigation<div style="display:inline-block;width:5.98px"> </div>strategies<div style="display:inline-block;width:5.41px"> </div>in<div style="display:inline-block;width:6.25px"> </div>addition<div style="display:inline-block;width:6.12px"> </div>to<div style="display:inline-block;width:5.25px"> </div>netting<div style="display:inline-block;width:5.87px"> </div>and<div style="display:inline-block;width:5.61px"> </div>collateral </div><div id="a118292" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:179.6px;">arrangements. Therefore,<div style="display:inline-block;width:5.03px"> </div>the net amounts presented<div style="display:inline-block;width:5.6px"> </div>in the tables below<div style="display:inline-block;width:5.11px"> </div>do not purport<div style="display:inline-block;width:5.47px"> </div>to represent their actual<div style="display:inline-block;width:5.57px"> </div>credit </div><div id="a118293" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:195.2px;">risk exposure.</div></div><div id="TextBlockContainer674" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:507px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_672_XBRL_TS_040012f74e6c47cba677372a26411a6a" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer673" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:507px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a118297" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Financial assets subject to offsetting, enforceable<div style="display:inline-block;width:4.84px"> </div>master netting arrangements and<div style="display:inline-block;width:4.45px"> </div>similar agreements </div><div id="a118300" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:245.968px;top:17.7px;">Assets subject to netting<div style="display:inline-block;width:3.79px"> </div>arrangements<div style="display:inline-block;width:2.65px"> </div></div><div id="a118308" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:170.235px;top:55.1px;">Netting recognized on the balance sheet </div><div id="a118311" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:343.915px;top:43.2px;">Netting potential not recognized on </div><div id="a118313" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:375.128px;top:55.1px;">the balance sheet</div><div id="a118314" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:439.008px;top:55.7px;">3</div><div id="a118317" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:514.728px;top:31.4px;">Assets not </div><div id="a118319" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:488.688px;top:43.2px;">subject to netting </div><div id="a118320" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:499.595px;top:55.1px;">arrangements</div><div id="a118321" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:549.755px;top:55.7px;">4</div><div id="a118324" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:599.915px;top:55.1px;">Total assets </div><div id="a118326" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:114.2px;">As of 31.12.22, USD bn </div><div id="a118328" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:164.088px;top:102.3px;">Gross assets </div><div id="a118330" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:157.942px;top:114.2px;">before netting </div><div id="a118332" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:228.915px;top:102.3px;">Netting with<div style="display:inline-block;width:2.75px"> </div></div><div id="a118334" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:218.035px;top:114.2px;">gross liabilities</div><div id="a118335" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:271.035px;top:114.8px;">2</div><div id="a118337" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:292.808px;top:67.3px;">Net assets </div><div id="a118339" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:290.928px;top:79.2px;">recognized </div><div id="a118341" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:306.995px;top:90.5px;">on the </div><div id="a118343" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:301.795px;top:102.3px;">balance<div style="display:inline-block;width:2.81px"> </div></div><div id="a118345" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:310.782px;top:114.2px;">sheet </div><div id="a118348" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:343.915px;top:102.3px;">Financial </div><div id="a118350" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.395px;top:114.2px;">liabilities </div><div id="a118352" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:383.648px;top:102.3px;">Collateral </div><div id="a118354" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.848px;top:114.2px;">received </div><div id="a118356" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:433.808px;top:67.3px;">Assets after </div><div id="a118358" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:427.182px;top:79.2px;">consideration </div><div id="a118359" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:469.302px;top:90.5px;">of </div><div id="a118361" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:450.382px;top:102.3px;">netting </div><div id="a118363" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:444.235px;top:114.2px;">potential </div><div id="a118366" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.395px;top:67.3px;">Assets </div><div id="a118368" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.315px;top:79.2px;">recognized </div><div id="a118370" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.395px;top:90.5px;">on the </div><div id="a118372" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:524.195px;top:102.3px;">balance<div style="display:inline-block;width:2.83px"> </div></div><div id="a118374" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:533.182px;top:114.2px;">sheet </div><div id="a118377" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.248px;top:67.3px;">Total assets </div><div id="a118379" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:79.2px;">after </div><div id="a118380" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:570.102px;top:90.5px;">consideration </div><div id="a118382" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.342px;top:102.3px;">of netting<div style="display:inline-block;width:2.75px"> </div></div><div id="a118384" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:586.648px;top:114.2px;">potential </div><div id="a118386" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:636.328px;top:67.3px;">Total assets </div><div id="a118388" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:639.168px;top:79.2px;">recognized<div style="display:inline-block;width:2.66px"> </div></div><div id="a118390" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:655.275px;top:90.5px;">on the<div style="display:inline-block;width:2.86px"> </div></div><div id="a118392" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:650.515px;top:102.3px;">balance </div><div id="a118394" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:659.542px;top:114.2px;">sheet </div><div id="a118396" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:126.5px;">Receivables from securities financing </div><div id="a118397" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:138.3px;">transactions measured at amortized cost </div><div id="a118399_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.022px;top:138.3px;">60.8</div><div id="a118403_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:252.115px;top:138.3px;display:flex;">(11.1)</div><div id="a118406_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:313.155px;top:138.3px;">49.6</div><div id="a118410_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:359.048px;top:138.3px;display:flex;">(3.0)</div><div id="a118413_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.448px;top:138.3px;display:flex;">(46.4)</div><div id="a118416_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:464.102px;top:138.3px;">0.3</div><div id="a118420_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.542px;top:138.3px;">18.2</div><div id="a118424_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:138.3px;">18.5</div><div id="a118427_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:661.902px;top:138.3px;">67.8</div><div id="a118430" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:153px;">Derivative financial instruments<div style="display:inline-block;width:3.65px"> </div></div><div id="a118432_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:187.288px;top:153px;">147.4</div><div id="a118435_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:257.315px;top:153px;display:flex;">(2.5)</div><div id="a118438_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:308.422px;top:153px;">144.9</div><div id="a118442_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:349.128px;top:153px;display:flex;">(110.9)</div><div id="a118445_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.448px;top:153px;display:flex;">(28.5)</div><div id="a118448_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:464.102px;top:153px;">5.5</div><div id="a118452_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:540.275px;top:153px;">5.2</div><div id="a118456_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:153px;">10.7</div><div id="a118459_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:657.168px;top:153px;">150.1</div><div id="a118462" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:168.6px;">Cash collateral receivables on<div style="display:inline-block;width:3.53px"> </div></div><div id="a118464" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:180.4px;">derivative instruments</div><div id="a118465" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:83.195px;top:181px;">1</div><div id="a118467_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.022px;top:181.8px;">33.5</div><div id="a118470_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.515px;top:181.8px;">0.0</div><div id="a118473_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:313.155px;top:181.8px;">33.5</div><div id="a118477_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:353.848px;top:181.8px;display:flex;">(20.9)</div><div id="a118480_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:181.8px;display:flex;">(1.9)</div><div id="a118483_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:459.368px;top:181.8px;">10.6</div><div id="a118487_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:540.275px;top:181.8px;">1.5</div><div id="a118491_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:181.8px;">12.1</div><div id="a118494_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:661.902px;top:181.8px;">35.0</div><div id="a118497" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:196px;">Financial assets at fair value<div style="display:inline-block;width:3.53px"> </div></div><div id="a118500" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:207.9px;">not held for trading </div><div id="a118502_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.022px;top:209.3px;">85.6</div><div id="a118505_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:252.115px;top:209.3px;display:flex;">(76.8)</div><div id="a118508_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:317.875px;top:209.3px;">8.7</div><div id="a118512_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:359.048px;top:209.3px;display:flex;">(1.5)</div><div id="a118515_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:209.3px;display:flex;">(7.3)</div><div id="a118518_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:464.102px;top:209.3px;">0.0</div><div id="a118522_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.542px;top:209.3px;">51.0</div><div id="a118526_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:209.3px;">51.0</div><div id="a118529_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:661.902px;top:209.3px;">59.8</div><div id="a118532" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:223.5px;">of which: reverse<div style="display:inline-block;width:3.18px"> </div></div><div id="a118535" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:235.3px;">repurchase agreements </div><div id="a118537_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.022px;top:236.2px;">84.4</div><div id="a118540_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:252.115px;top:236.2px;display:flex;">(76.8)</div><div id="a118543_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:317.875px;top:236.2px;">7.6</div><div id="a118547_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:359.048px;top:236.2px;display:flex;">(1.5)</div><div id="a118550_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:401.648px;top:236.2px;display:flex;">(6.1)</div><div id="a118553_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:464.102px;top:236.2px;">0.0</div><div id="a118557_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:540.275px;top:236.2px;">0.1</div><div id="a118561_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:606.542px;top:236.2px;">0.1</div><div id="a118564_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:666.635px;top:236.2px;">7.7</div><div id="a118567" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:251.4px;">Total assets </div><div id="a118569_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:187.288px;top:251.4px;">327.2</div><div id="a118572_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:252.582px;top:251.4px;display:flex;">(90.4)</div><div id="a118575_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:308.422px;top:251.4px;">236.8</div><div id="a118579_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:349.595px;top:251.4px;display:flex;">(136.3)</div><div id="a118582_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:396.915px;top:251.4px;display:flex;">(84.1)</div><div id="a118585_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:459.368px;top:251.4px;">16.4</div><div id="a118589_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.542px;top:251.4px;">76.0</div><div id="a118593_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:251.4px;">92.3</div><div id="a118596_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:657.168px;top:251.4px;">312.8</div><div id="a118612" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:281.7px;">As of 31.12.21, USD bn </div><div id="a118626" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:295.4px;">Receivables from securities financing </div><div id="a118627" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:306.7px;">transactions measured at amortized cost </div><div id="a118629_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.022px;top:308.1px;">67.7</div><div id="a118632_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:252.115px;top:308.1px;display:flex;">(13.8)</div><div id="a118635_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:313.155px;top:308.1px;">53.9</div><div id="a118639_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:359.048px;top:308.1px;display:flex;">(2.9)</div><div id="a118642_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.448px;top:308.1px;display:flex;">(51.0)</div><div id="a118645_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:464.102px;top:308.1px;">0.0</div><div id="a118649_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.542px;top:308.1px;">21.1</div><div id="a118653_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:308.1px;">21.1</div><div id="a118656_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:308.1px;">75.0</div><div id="a118659" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:323.3px;">Derivative financial instruments<div style="display:inline-block;width:3.65px"> </div></div><div id="a118661_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:187.288px;top:323.3px;">116.0</div><div id="a118664_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:257.315px;top:323.3px;display:flex;">(3.6)</div><div id="a118667_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:308.422px;top:323.3px;">112.4</div><div id="a118671_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:353.848px;top:323.3px;display:flex;">(88.9)</div><div id="a118674_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.448px;top:323.3px;display:flex;">(18.5)</div><div id="a118677_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:464.102px;top:323.3px;">5.0</div><div id="a118681_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:540.275px;top:323.3px;">5.7</div><div id="a118685_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:323.3px;">10.7</div><div id="a118688_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:323.3px;">118.1</div><div id="a118691" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:339.8px;">Cash collateral receivables on<div style="display:inline-block;width:3.53px"> </div></div><div id="a118694" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:351.7px;">derivative instruments</div><div id="a118695" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:83.195px;top:352.3px;">1</div><div id="a118697_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.022px;top:353.1px;">29.4</div><div id="a118700_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.515px;top:353.1px;">0.0</div><div id="a118703_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:313.155px;top:353.1px;">29.4</div><div id="a118707_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:353.848px;top:353.1px;display:flex;">(15.2)</div><div id="a118710_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:353.1px;display:flex;">(3.3)</div><div id="a118713_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.368px;top:353.1px;">11.0</div><div id="a118717_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:540.275px;top:353.1px;">1.1</div><div id="a118721_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:353.1px;">12.1</div><div id="a118724_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:353.1px;">30.5</div><div id="a118727" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:367.3px;">Financial assets at fair value<div style="display:inline-block;width:3.53px"> </div></div><div id="a118730" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:379.1px;">not held for trading </div><div id="a118732_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.022px;top:380.1px;">93.1</div><div id="a118735_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:252.115px;top:380.1px;display:flex;">(87.6)</div><div id="a118738_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:317.875px;top:380.1px;">5.5</div><div id="a118742_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:359.048px;top:380.1px;display:flex;">(1.1)</div><div id="a118745_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:380.1px;display:flex;">(4.4)</div><div id="a118748_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:464.102px;top:380.1px;">0.0</div><div id="a118752_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.542px;top:380.1px;">54.6</div><div id="a118756_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:380.1px;">54.6</div><div id="a118759_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:380.1px;">60.1</div><div id="a118762" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:394.7px;">of which: reverse<div style="display:inline-block;width:3.18px"> </div></div><div id="a118765" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:406.1px;">repurchase agreements </div><div id="a118767_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.022px;top:407.5px;">93.1</div><div id="a118770_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:252.115px;top:407.5px;display:flex;">(87.6)</div><div id="a118773_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:317.875px;top:407.5px;">5.5</div><div id="a118777_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:359.048px;top:407.5px;display:flex;">(1.1)</div><div id="a118780_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:401.648px;top:407.5px;display:flex;">(4.4)</div><div id="a118783_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:464.102px;top:407.5px;">0.0</div><div id="a118787_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:540.275px;top:407.5px;">0.3</div><div id="a118791_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:606.542px;top:407.5px;">0.3</div><div id="a118794_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:666.635px;top:407.5px;">5.8</div><div id="a118797" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:422.1px;">Total assets </div><div id="a118799_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:187.288px;top:422.1px;">306.2</div><div id="a118802_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:247.862px;top:422.1px;display:flex;">(105.0)</div><div id="a118805_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:308.422px;top:422.1px;">201.2</div><div id="a118809_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:349.595px;top:422.1px;display:flex;">(108.1)</div><div id="a118812_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.915px;top:422.1px;display:flex;">(77.2)</div><div id="a118815_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.368px;top:422.1px;">15.9</div><div id="a118819_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.542px;top:422.1px;">82.6</div><div id="a118823_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:422.1px;">98.5</div><div id="a118826_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:422.1px;">283.7</div><div id="a118829" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:437.7px;">1 The net<div style="display:inline-block;width:3.65px"> </div>amount of<div style="display:inline-block;width:3.46px"> </div>Cash collateral<div style="display:inline-block;width:3.78px"> </div>receivables<div style="display:inline-block;width:3.61px"> </div>on derivative<div style="display:inline-block;width:3.44px"> </div>instruments recognized<div style="display:inline-block;width:4.56px"> </div>on the balance<div style="display:inline-block;width:3.8px"> </div>sheet includes<div style="display:inline-block;width:3.63px"> </div>certain OTC<div style="display:inline-block;width:4.57px"> </div>derivatives that<div style="display:inline-block;width:3.45px"> </div>are net<div style="display:inline-block;width:3.79px"> </div>settled on a<div style="display:inline-block;width:3.79px"> </div>daily basis either<div style="display:inline-block;width:4.26px"> </div>legally or in<div style="display:inline-block;width:3.94px"> </div>substance under </div><div id="a118831" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:447.6px;">IAS 32 principles and<div style="display:inline-block;width:3.66px"> </div>exchange-traded<div style="display:inline-block;width:3.71px"> </div>derivatives that<div style="display:inline-block;width:3.47px"> </div>are economically<div style="display:inline-block;width:4.25px"> </div>settled on a daily<div style="display:inline-block;width:3.95px"> </div>basis.<div style="display:inline-block;width:9.78px"> </div>2 The logic<div style="display:inline-block;width:3.8px"> </div>of the table<div style="display:inline-block;width:3.63px"> </div>results in amounts<div style="display:inline-block;width:3.93px"> </div>presented in<div style="display:inline-block;width:3.47px"> </div>the “Netting with<div style="display:inline-block;width:4.18px"> </div>gross liabilities”<div style="display:inline-block;width:3.46px"> </div>column corresponding </div><div id="a118838" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:458px;">directly to the amounts<div style="display:inline-block;width:3.46px"> </div>presented in the “Netting<div style="display:inline-block;width:3.49px"> </div>with gross assets” column<div style="display:inline-block;width:4.26px"> </div>in the liabilities table<div style="display:inline-block;width:3.94px"> </div>presented below.<div style="display:inline-block;width:3.38px"> </div>Netting in this column<div style="display:inline-block;width:3.46px"> </div>for reverse repurchase<div style="display:inline-block;width:3.63px"> </div>agreements presented<div style="display:inline-block;width:3.79px"> </div>within the lines “Receivables </div><div id="a118842" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:467.9px;">from securities financing<div style="display:inline-block;width:4.1px"> </div>transactions<div style="display:inline-block;width:3.46px"> </div>measured at amortized<div style="display:inline-block;width:4.1px"> </div>cost” and<div style="display:inline-block;width:3.8px"> </div>“Financial assets<div style="display:inline-block;width:3.65px"> </div>at fair value<div style="display:inline-block;width:4.1px"> </div>not held for<div style="display:inline-block;width:3.62px"> </div>trading”<div style="display:inline-block;width:3.57px"> </div>taken together<div style="display:inline-block;width:3.95px"> </div>corresponds<div style="display:inline-block;width:3.45px"> </div>to the amounts<div style="display:inline-block;width:3.93px"> </div>presented for<div style="display:inline-block;width:3.47px"> </div>repurchase agreements<div style="display:inline-block;width:3.8px"> </div>in the </div><div id="a118844" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:478.3px;">“Payables from securities financing transactions<div style="display:inline-block;width:4.12px"> </div>measured at amortized cost” and “Other financial<div style="display:inline-block;width:3.51px"> </div>liabilities designated at fair value” lines in<div style="display:inline-block;width:3.58px"> </div>the liabilities table presented below.<div style="display:inline-block;width:9.13px"> </div>3 For the purpose of this disclosure, </div><div id="a118847" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:488.3px;">the amounts of financial instruments<div style="display:inline-block;width:3.63px"> </div>and cash collateral presented<div style="display:inline-block;width:3.96px"> </div>have been capped so as not to exceed<div style="display:inline-block;width:3.49px"> </div>the net amount of fin<div style="display:inline-block;width:1.53px"> </div>ancial assets presented on the balance<div style="display:inline-block;width:3.66px"> </div>sheet; i.e., over-collateralization,<div style="display:inline-block;width:4.15px"> </div>where it exists, </div><div id="a118853" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:498.2px;">is not reflected in the table.<div style="display:inline-block;width:9.95px"> </div>4 Includes assets not subject<div style="display:inline-block;width:3.49px"> </div>to enforceable netting<div style="display:inline-block;width:3.63px"> </div>arrangements and other<div style="display:inline-block;width:3.63px"> </div>out-of-scope items.</div></div></div></div><div id="TextBlockContainer677" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:506px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a118898" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Financial liabilities subject to offsetting,<div style="display:inline-block;width:4.38px"> </div>enforceable master netting<div style="display:inline-block;width:4.24px"> </div>arrangements and similar agreements </div><div id="a118902" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:240.288px;top:15.8px;">Liabilities subject to netting<div style="display:inline-block;width:3.73px"> </div>arrangements<div style="display:inline-block;width:2.64px"> </div></div><div id="a118910" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:162.195px;top:65px;">Netting recognized on the balance sheet </div><div id="a118913" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:340.142px;top:53.2px;">Netting potential not recognized<div style="display:inline-block;width:3.26px"> </div></div><div id="a118915" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:359.995px;top:65px;">on the balance sheet</div><div id="a118916" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:435.702px;top:65.6px;">3</div><div id="a118919" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:504.328px;top:30px;">Liabilities not </div><div id="a118921" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.035px;top:41.3px;">subject<div style="display:inline-block;width:2.55px"> </div></div><div id="a118923" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.622px;top:53.2px;">to netting<div style="display:inline-block;width:2.57px"> </div></div><div id="a118925" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:499.595px;top:65px;">arrangements</div><div id="a118926" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:549.755px;top:65.6px;">4</div><div id="a118929" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:594.688px;top:65px;">Total liabilities </div><div id="a118931" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:135.9px;">As of 31.12.22, USD bn </div><div id="a118933" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:177.808px;top:100.5px;">Gross </div><div id="a118935" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:166.448px;top:112.3px;">liabilities </div><div id="a118938" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:174.968px;top:124.1px;">before </div><div id="a118940" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:172.595px;top:135.9px;">netting </div><div id="a118942" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:208.102px;top:124.1px;">Netting with<div style="display:inline-block;width:2.76px"> </div></div><div id="a118944" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:207.155px;top:135.9px;">gross assets</div><div id="a118945" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:250.222px;top:136.6px;">2</div><div id="a118947" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:300.382px;top:77.3px;">Net<div style="display:inline-block;width:2.73px"> </div></div><div id="a118949" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:281.435px;top:89.1px;">liabilities </div><div id="a118951" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:274.342px;top:100.5px;">recognized </div><div id="a118953" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:290.448px;top:112.3px;">on the </div><div id="a118955" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:285.248px;top:124.1px;">balance </div><div id="a118957" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:294.235px;top:135.9px;">sheet </div><div id="a118960" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.062px;top:124.1px;">Financial </div><div id="a118962" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:342.022px;top:135.9px;">assets </div><div id="a118964" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:374.662px;top:124.1px;">Collateral </div><div id="a118966" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:380.808px;top:135.9px;">pledged </div><div id="a118968" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:440.902px;top:89.1px;">Liabilities </div><div id="a118970" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.475px;top:100.5px;">after </div><div id="a118971" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:425.288px;top:112.3px;">consideration<div style="display:inline-block;width:2.9px"> </div></div><div id="a118973" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:439.008px;top:124.1px;">of netting </div><div id="a118975" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:442.342px;top:135.9px;">potential </div><div id="a118978" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:518.995px;top:89.1px;">Liabilities </div><div id="a118980" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.315px;top:100.5px;">recognized </div><div id="a118982" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.395px;top:112.3px;">on the </div><div id="a118984" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:524.195px;top:124.1px;">balance<div style="display:inline-block;width:2.83px"> </div></div><div id="a118986" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:533.182px;top:135.9px;">sheet </div><div id="a118989" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:600.395px;top:77.3px;">Total<div style="display:inline-block;width:3.14px"> </div></div><div id="a118991" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:586.648px;top:89.1px;">liabilities<div style="display:inline-block;width:2.9px"> </div></div><div id="a118993" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:100.5px;">after </div><div id="a118994" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:570.102px;top:112.3px;">consideration </div><div id="a118996" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.342px;top:124.1px;">of netting </div><div id="a118998" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:586.648px;top:135.9px;">potential </div><div id="a119000" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:660.488px;top:77.3px;">Total<div style="display:inline-block;width:3.14px"> </div></div><div id="a119002" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:646.742px;top:89.1px;">liabilities </div><div id="a119004" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:639.648px;top:100.5px;">recognized </div><div id="a119006" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:655.755px;top:112.3px;">on the </div><div id="a119008" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:650.515px;top:124.1px;">balance<div style="display:inline-block;width:2.83px"> </div></div><div id="a119010" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:659.542px;top:135.9px;">sheet </div><div id="a119012" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:149.2px;">Payables from securities financing </div><div id="a119013" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:161px;">transactions measured at amortized cost </div><div id="a119015_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:181.142px;top:162.4px;">14.1</div><div id="a119018_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:231.275px;top:162.4px;display:flex;">(11.1)</div><div id="a119021_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:301.328px;top:162.4px;">3.0</div><div id="a119025_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:347.235px;top:162.4px;display:flex;">(1.3)</div><div id="a119028_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:162.4px;display:flex;">(1.8)</div><div id="a119031_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:462.208px;top:162.4px;">0.0</div><div id="a119035_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:540.275px;top:162.4px;">1.2</div><div id="a119039_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:606.542px;top:162.4px;">1.2</div><div id="a119042_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:666.635px;top:162.4px;">4.2</div><div id="a119045" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:177.1px;">Derivative financial instruments<div style="display:inline-block;width:3.65px"> </div></div><div id="a119047_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:176.382px;top:177.1px;">150.3</div><div id="a119050_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:236.502px;top:177.1px;display:flex;">(2.5)</div><div id="a119053_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:291.875px;top:177.1px;">147.8</div><div id="a119057_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:337.302px;top:177.1px;display:flex;">(110.9)</div><div id="a119060_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.422px;top:177.1px;display:flex;">(26.2)</div><div id="a119063_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.475px;top:177.1px;">10.7</div><div id="a119067_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:540.275px;top:177.1px;">7.1</div><div id="a119071_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:177.1px;">17.8</div><div id="a119074_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:657.168px;top:177.1px;">154.9</div><div id="a119077" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:194.6px;">Cash collateral payables on<div style="display:inline-block;width:3.61px"> </div></div><div id="a119079" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:206px;">derivative instruments</div><div id="a119080" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:83.195px;top:206.6px;">1</div><div id="a119082_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:181.142px;top:208.8px;">34.9</div><div id="a119085_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:241.715px;top:208.8px;">0.0</div><div id="a119088_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:296.595px;top:208.8px;">34.9</div><div id="a119092_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:342.022px;top:208.8px;display:flex;">(20.0)</div><div id="a119095_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:208.8px;display:flex;">(1.9)</div><div id="a119098_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.475px;top:208.8px;">13.0</div><div id="a119102_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:540.275px;top:208.8px;">1.6</div><div id="a119106_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:208.8px;">14.5</div><div id="a119109_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:661.902px;top:208.8px;">36.4</div><div id="a119112" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:223.5px;">Other financial liabilities<div style="display:inline-block;width:2.95px"> </div></div><div id="a119115" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:234.8px;">designated at fair value </div><div id="a119117_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:181.142px;top:236.2px;">92.5</div><div id="a119120_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:231.275px;top:236.2px;display:flex;">(76.9)</div><div id="a119123_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:296.595px;top:236.2px;">15.6</div><div id="a119127_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:347.235px;top:236.2px;display:flex;">(3.2)</div><div id="a119130_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.422px;top:236.2px;display:flex;">(12.4)</div><div id="a119133_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:462.208px;top:236.2px;">0.0</div><div id="a119137_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.542px;top:236.2px;">14.6</div><div id="a119141_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:236.2px;">14.6</div><div id="a119144_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:661.902px;top:236.2px;">30.2</div><div id="a119147" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:250px;">of which: repurchase agreements </div><div id="a119150_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:181.142px;top:250.5px;">92.1</div><div id="a119153_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:231.275px;top:250.5px;display:flex;">(76.9)</div><div id="a119156_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:296.595px;top:250.5px;">15.3</div><div id="a119160_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:347.235px;top:250.5px;display:flex;">(3.2)</div><div id="a119163_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:387.422px;top:250.5px;display:flex;">(12.1)</div><div id="a119166_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:462.208px;top:250.5px;">0.0</div><div id="a119170_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:540.275px;top:250.5px;">0.1</div><div id="a119174_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:606.542px;top:250.5px;">0.1</div><div id="a119177_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:661.902px;top:250.5px;">15.3</div><div id="a119180" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:265.1px;">Total liabilities </div><div id="a119182_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:176.382px;top:265.1px;">291.7</div><div id="a119185_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:231.782px;top:265.1px;display:flex;">(90.4)</div><div id="a119188_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:291.875px;top:265.1px;">201.3</div><div id="a119192_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.768px;top:265.1px;display:flex;">(135.3)</div><div id="a119195_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:387.902px;top:265.1px;display:flex;">(42.3)</div><div id="a119198_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.475px;top:265.1px;">23.7</div><div id="a119202_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.542px;top:265.1px;">24.5</div><div id="a119206_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:265.1px;">48.1</div><div id="a119209_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:657.168px;top:265.1px;">225.8</div><div id="a119225" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:294.4px;">As of 31.12.21, USD bn </div><div id="a119239" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:308.1px;">Payables from securities financing </div><div id="a119240" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:320px;">transactions measured at amortized cost </div><div id="a119242_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:181.142px;top:321.4px;">16.9</div><div id="a119245_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:231.275px;top:321.4px;display:flex;">(12.8)</div><div id="a119248_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:301.328px;top:321.4px;">4.1</div><div id="a119252_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:347.235px;top:321.4px;display:flex;">(1.8)</div><div id="a119255_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:321.4px;display:flex;">(2.3)</div><div id="a119258_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.208px;top:321.4px;">0.0</div><div id="a119262_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:540.275px;top:321.4px;">1.4</div><div id="a119266_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:606.542px;top:321.4px;">1.4</div><div id="a119269_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:666.635px;top:321.4px;">5.5</div><div id="a119272" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:336.1px;">Derivative financial instruments<div style="display:inline-block;width:3.65px"> </div></div><div id="a119275_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:176.382px;top:336.1px;">118.4</div><div id="a119278_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:236.502px;top:336.1px;display:flex;">(3.6)</div><div id="a119281_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:291.875px;top:336.1px;">114.9</div><div id="a119285_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:342.022px;top:336.1px;display:flex;">(88.9)</div><div id="a119288_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.422px;top:336.1px;display:flex;">(18.1)</div><div id="a119291_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.208px;top:336.1px;">7.9</div><div id="a119295_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:540.275px;top:336.1px;">6.4</div><div id="a119299_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:336.1px;">14.3</div><div id="a119302_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:336.1px;">121.3</div><div id="a119305" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:352.2px;">Cash collateral payables on<div style="display:inline-block;width:3.61px"> </div></div><div id="a119307" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:363.5px;">derivative instruments</div><div id="a119308" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:83.195px;top:364.1px;">1</div><div id="a119310_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:181.142px;top:364.9px;">30.4</div><div id="a119313_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:241.715px;top:364.9px;">0.0</div><div id="a119316_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:296.595px;top:364.9px;">30.4</div><div id="a119320_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:342.022px;top:364.9px;display:flex;">(13.1)</div><div id="a119323_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:364.9px;display:flex;">(3.3)</div><div id="a119326_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:457.475px;top:364.9px;">14.0</div><div id="a119330_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:540.275px;top:364.9px;">1.4</div><div id="a119334_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:364.9px;">15.4</div><div id="a119337_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:364.9px;">31.8</div><div id="a119340" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:379.1px;">Other financial liabilities<div style="display:inline-block;width:2.95px"> </div></div><div id="a119343" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:390.9px;">designated at fair value </div><div id="a119345_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:181.142px;top:392.4px;">94.8</div><div id="a119348_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:231.275px;top:392.4px;display:flex;">(88.6)</div><div id="a119351_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:301.328px;top:392.4px;">6.2</div><div id="a119355_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:347.235px;top:392.4px;display:flex;">(2.2)</div><div id="a119358_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:392.4px;display:flex;">(3.8)</div><div id="a119361_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.208px;top:392.4px;">0.2</div><div id="a119365_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.542px;top:392.4px;">23.9</div><div id="a119369_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:392.4px;">24.1</div><div id="a119372_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:392.4px;">30.1</div><div id="a119375" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:406.1px;">of which: repurchase agreements </div><div id="a119378_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:181.142px;top:406.6px;">94.6</div><div id="a119381_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:231.275px;top:406.6px;display:flex;">(88.6)</div><div id="a119384_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:301.328px;top:406.6px;">6.0</div><div id="a119388_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:347.235px;top:406.6px;display:flex;">(2.2)</div><div id="a119391_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:406.6px;display:flex;">(3.8)</div><div id="a119394_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:462.208px;top:406.6px;">0.0</div><div id="a119398_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:540.275px;top:406.6px;">0.4</div><div id="a119402_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:606.542px;top:406.6px;">0.4</div><div id="a119405_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:666.635px;top:406.6px;">6.4</div><div id="a119408" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:421.2px;">Total liabilities </div><div id="a119410_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:176.382px;top:421.2px;">260.6</div><div id="a119413_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:227.022px;top:421.2px;display:flex;">(105.0)</div><div id="a119416_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:291.875px;top:421.2px;">155.6</div><div id="a119420_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:337.768px;top:421.2px;display:flex;">(106.0)</div><div id="a119423_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.902px;top:421.2px;display:flex;">(27.5)</div><div id="a119426_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:457.475px;top:421.2px;">22.1</div><div id="a119430_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.542px;top:421.2px;">33.1</div><div id="a119434_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:421.2px;">55.2</div><div id="a119437_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:421.2px;">188.7</div><div id="a119440" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:436.7px;">1 The net amount of Cash collateral<div style="display:inline-block;width:3.97px"> </div>payables on derivative instruments<div style="display:inline-block;width:3.6px"> </div>recognized on the balance sheet<div style="display:inline-block;width:3.64px"> </div>includes certain OTC<div style="display:inline-block;width:3.69px"> </div>derivatives that are net settled<div style="display:inline-block;width:3.57px"> </div>on a daily basis either legally or in substance<div style="display:inline-block;width:3.97px"> </div>under IAS 32 </div><div id="a119445" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:446.7px;">principles and exchange-traded derivativ<div style="display:inline-block;width:1.67px"> </div>es that are economically settled on a daily basis.<div style="display:inline-block;width:7.75px"> </div>2 The logic of the table results in amounts presented in the “Netting with gross<div style="display:inline-block;width:3.42px"> </div>assets” column corresponding to the amounts </div><div id="a119450" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:457.1px;">presented in the “Netting with gross liabilities” column in the assets table presented above. Netting in this column for<div style="display:inline-block;width:3.65px"> </div>repurchase agreements presented within the lines “Payables from<div style="display:inline-block;width:3.98px"> </div>securities financing transactions </div><div id="a119453" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:467px;">measured at amortized<div style="display:inline-block;width:4.57px"> </div>cost” and<div style="display:inline-block;width:3.8px"> </div>“Other financial<div style="display:inline-block;width:3.95px"> </div>liabilities designated<div style="display:inline-block;width:4.56px"> </div>at fair<div style="display:inline-block;width:3.48px"> </div>value” taken<div style="display:inline-block;width:4.11px"> </div>together corresponds<div style="display:inline-block;width:4.78px"> </div>to the<div style="display:inline-block;width:3.46px"> </div>amounts presented<div style="display:inline-block;width:4.09px"> </div>for reverse<div style="display:inline-block;width:3.93px"> </div>repurchase agreements<div style="display:inline-block;width:4.27px"> </div>in the “Receivables<div style="display:inline-block;width:4.89px"> </div>from securities </div><div id="a119455" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:477.4px;">financing transactions<div style="display:inline-block;width:3.79px"> </div>measured at amortized cost”<div style="display:inline-block;width:3.95px"> </div>and “Financial assets<div style="display:inline-block;width:3.66px"> </div>at fair value<div style="display:inline-block;width:3.63px"> </div>not held for trading”<div style="display:inline-block;width:3.48px"> </div>lines in the<div style="display:inline-block;width:3.63px"> </div>assets table presented<div style="display:inline-block;width:3.89px"> </div>above.<div style="display:inline-block;width:9.92px"> </div>3 For the purpose<div style="display:inline-block;width:3.87px"> </div>of this disclosure,<div style="display:inline-block;width:3.77px"> </div>the amounts of financial </div><div id="a119458" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:487.4px;">instruments and cash collateral<div style="display:inline-block;width:3.95px"> </div>presented have been capped<div style="display:inline-block;width:3.49px"> </div>so as not to exceed the<div style="display:inline-block;width:3.47px"> </div>net amount of financial liabilities<div style="display:inline-block;width:3.78px"> </div>presented on the balance<div style="display:inline-block;width:3.74px"> </div>sheet; i.e., over-collateralization,<div style="display:inline-block;width:4.11px"> </div>where it exists, is<div style="display:inline-block;width:3.54px"> </div>not reflected in the </div><div id="a119463" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:497.8px;">table.<div style="display:inline-block;width:8.36px"> </div>4 Includes liabilities<div style="display:inline-block;width:3.82px"> </div>not subject to enforceable netting<div style="display:inline-block;width:3.47px"> </div>arrangements and<div style="display:inline-block;width:3.48px"> </div>other out-of-scope items.</div></div> <div id="TextBlockContainer673" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:507px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a118297" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Financial assets subject to offsetting, enforceable<div style="display:inline-block;width:4.84px"> </div>master netting arrangements and<div style="display:inline-block;width:4.45px"> </div>similar agreements </div><div id="a118300" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:245.968px;top:17.7px;">Assets subject to netting<div style="display:inline-block;width:3.79px"> </div>arrangements<div style="display:inline-block;width:2.65px"> </div></div><div id="a118308" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:170.235px;top:55.1px;">Netting recognized on the balance sheet </div><div id="a118311" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:343.915px;top:43.2px;">Netting potential not recognized on </div><div id="a118313" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:375.128px;top:55.1px;">the balance sheet</div><div id="a118314" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:439.008px;top:55.7px;">3</div><div id="a118317" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:514.728px;top:31.4px;">Assets not </div><div id="a118319" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:488.688px;top:43.2px;">subject to netting </div><div id="a118320" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:499.595px;top:55.1px;">arrangements</div><div id="a118321" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:549.755px;top:55.7px;">4</div><div id="a118324" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:599.915px;top:55.1px;">Total assets </div><div id="a118326" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:114.2px;">As of 31.12.22, USD bn </div><div id="a118328" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:164.088px;top:102.3px;">Gross assets </div><div id="a118330" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:157.942px;top:114.2px;">before netting </div><div id="a118332" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:228.915px;top:102.3px;">Netting with<div style="display:inline-block;width:2.75px"> </div></div><div id="a118334" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:218.035px;top:114.2px;">gross liabilities</div><div id="a118335" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:271.035px;top:114.8px;">2</div><div id="a118337" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:292.808px;top:67.3px;">Net assets </div><div id="a118339" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:290.928px;top:79.2px;">recognized </div><div id="a118341" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:306.995px;top:90.5px;">on the </div><div id="a118343" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:301.795px;top:102.3px;">balance<div style="display:inline-block;width:2.81px"> </div></div><div id="a118345" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:310.782px;top:114.2px;">sheet </div><div id="a118348" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:343.915px;top:102.3px;">Financial </div><div id="a118350" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.395px;top:114.2px;">liabilities </div><div id="a118352" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:383.648px;top:102.3px;">Collateral </div><div id="a118354" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.848px;top:114.2px;">received </div><div id="a118356" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:433.808px;top:67.3px;">Assets after </div><div id="a118358" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:427.182px;top:79.2px;">consideration </div><div id="a118359" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:469.302px;top:90.5px;">of </div><div id="a118361" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:450.382px;top:102.3px;">netting </div><div id="a118363" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:444.235px;top:114.2px;">potential </div><div id="a118366" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.395px;top:67.3px;">Assets </div><div id="a118368" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.315px;top:79.2px;">recognized </div><div id="a118370" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.395px;top:90.5px;">on the </div><div id="a118372" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:524.195px;top:102.3px;">balance<div style="display:inline-block;width:2.83px"> </div></div><div id="a118374" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:533.182px;top:114.2px;">sheet </div><div id="a118377" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.248px;top:67.3px;">Total assets </div><div id="a118379" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:79.2px;">after </div><div id="a118380" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:570.102px;top:90.5px;">consideration </div><div id="a118382" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.342px;top:102.3px;">of netting<div style="display:inline-block;width:2.75px"> </div></div><div id="a118384" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:586.648px;top:114.2px;">potential </div><div id="a118386" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:636.328px;top:67.3px;">Total assets </div><div id="a118388" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:639.168px;top:79.2px;">recognized<div style="display:inline-block;width:2.66px"> </div></div><div id="a118390" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:655.275px;top:90.5px;">on the<div style="display:inline-block;width:2.86px"> </div></div><div id="a118392" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:650.515px;top:102.3px;">balance </div><div id="a118394" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:659.542px;top:114.2px;">sheet </div><div id="a118396" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:126.5px;">Receivables from securities financing </div><div id="a118397" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:138.3px;">transactions measured at amortized cost </div><div id="a118399_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.022px;top:138.3px;">60.8</div><div id="a118403_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:252.115px;top:138.3px;display:flex;">(11.1)</div><div id="a118406_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:313.155px;top:138.3px;">49.6</div><div id="a118410_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:359.048px;top:138.3px;display:flex;">(3.0)</div><div id="a118413_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.448px;top:138.3px;display:flex;">(46.4)</div><div id="a118416_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:464.102px;top:138.3px;">0.3</div><div id="a118420_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.542px;top:138.3px;">18.2</div><div id="a118424_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:138.3px;">18.5</div><div id="a118427_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:661.902px;top:138.3px;">67.8</div><div id="a118430" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:153px;">Derivative financial instruments<div style="display:inline-block;width:3.65px"> </div></div><div id="a118432_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:187.288px;top:153px;">147.4</div><div id="a118435_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:257.315px;top:153px;display:flex;">(2.5)</div><div id="a118438_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:308.422px;top:153px;">144.9</div><div id="a118442_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:349.128px;top:153px;display:flex;">(110.9)</div><div id="a118445_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.448px;top:153px;display:flex;">(28.5)</div><div id="a118448_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:464.102px;top:153px;">5.5</div><div id="a118452_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:540.275px;top:153px;">5.2</div><div id="a118456_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:153px;">10.7</div><div id="a118459_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:657.168px;top:153px;">150.1</div><div id="a118462" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:168.6px;">Cash collateral receivables on<div style="display:inline-block;width:3.53px"> </div></div><div id="a118464" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:180.4px;">derivative instruments</div><div id="a118465" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:83.195px;top:181px;">1</div><div id="a118467_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.022px;top:181.8px;">33.5</div><div id="a118470_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.515px;top:181.8px;">0.0</div><div id="a118473_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:313.155px;top:181.8px;">33.5</div><div id="a118477_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:353.848px;top:181.8px;display:flex;">(20.9)</div><div id="a118480_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:181.8px;display:flex;">(1.9)</div><div id="a118483_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:459.368px;top:181.8px;">10.6</div><div id="a118487_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:540.275px;top:181.8px;">1.5</div><div id="a118491_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:181.8px;">12.1</div><div id="a118494_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:661.902px;top:181.8px;">35.0</div><div id="a118497" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:196px;">Financial assets at fair value<div style="display:inline-block;width:3.53px"> </div></div><div id="a118500" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:207.9px;">not held for trading </div><div id="a118502_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.022px;top:209.3px;">85.6</div><div id="a118505_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:252.115px;top:209.3px;display:flex;">(76.8)</div><div id="a118508_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:317.875px;top:209.3px;">8.7</div><div id="a118512_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:359.048px;top:209.3px;display:flex;">(1.5)</div><div id="a118515_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:209.3px;display:flex;">(7.3)</div><div id="a118518_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:464.102px;top:209.3px;">0.0</div><div id="a118522_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.542px;top:209.3px;">51.0</div><div id="a118526_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:209.3px;">51.0</div><div id="a118529_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:661.902px;top:209.3px;">59.8</div><div id="a118532" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:223.5px;">of which: reverse<div style="display:inline-block;width:3.18px"> </div></div><div id="a118535" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:235.3px;">repurchase agreements </div><div id="a118537_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.022px;top:236.2px;">84.4</div><div id="a118540_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:252.115px;top:236.2px;display:flex;">(76.8)</div><div id="a118543_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:317.875px;top:236.2px;">7.6</div><div id="a118547_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:359.048px;top:236.2px;display:flex;">(1.5)</div><div id="a118550_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:401.648px;top:236.2px;display:flex;">(6.1)</div><div id="a118553_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:464.102px;top:236.2px;">0.0</div><div id="a118557_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:540.275px;top:236.2px;">0.1</div><div id="a118561_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:606.542px;top:236.2px;">0.1</div><div id="a118564_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:666.635px;top:236.2px;">7.7</div><div id="a118567" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:251.4px;">Total assets </div><div id="a118569_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:187.288px;top:251.4px;">327.2</div><div id="a118572_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:252.582px;top:251.4px;display:flex;">(90.4)</div><div id="a118575_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:308.422px;top:251.4px;">236.8</div><div id="a118579_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:349.595px;top:251.4px;display:flex;">(136.3)</div><div id="a118582_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:396.915px;top:251.4px;display:flex;">(84.1)</div><div id="a118585_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:459.368px;top:251.4px;">16.4</div><div id="a118589_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.542px;top:251.4px;">76.0</div><div id="a118593_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:251.4px;">92.3</div><div id="a118596_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:657.168px;top:251.4px;">312.8</div><div id="a118612" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:281.7px;">As of 31.12.21, USD bn </div><div id="a118626" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:295.4px;">Receivables from securities financing </div><div id="a118627" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:306.7px;">transactions measured at amortized cost </div><div id="a118629_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.022px;top:308.1px;">67.7</div><div id="a118632_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:252.115px;top:308.1px;display:flex;">(13.8)</div><div id="a118635_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:313.155px;top:308.1px;">53.9</div><div id="a118639_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:359.048px;top:308.1px;display:flex;">(2.9)</div><div id="a118642_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.448px;top:308.1px;display:flex;">(51.0)</div><div id="a118645_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:464.102px;top:308.1px;">0.0</div><div id="a118649_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.542px;top:308.1px;">21.1</div><div id="a118653_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:308.1px;">21.1</div><div id="a118656_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:308.1px;">75.0</div><div id="a118659" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:323.3px;">Derivative financial instruments<div style="display:inline-block;width:3.65px"> </div></div><div id="a118661_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:187.288px;top:323.3px;">116.0</div><div id="a118664_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:257.315px;top:323.3px;display:flex;">(3.6)</div><div id="a118667_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:308.422px;top:323.3px;">112.4</div><div id="a118671_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:353.848px;top:323.3px;display:flex;">(88.9)</div><div id="a118674_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.448px;top:323.3px;display:flex;">(18.5)</div><div id="a118677_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:464.102px;top:323.3px;">5.0</div><div id="a118681_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:540.275px;top:323.3px;">5.7</div><div id="a118685_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:323.3px;">10.7</div><div id="a118688_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:323.3px;">118.1</div><div id="a118691" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:339.8px;">Cash collateral receivables on<div style="display:inline-block;width:3.53px"> </div></div><div id="a118694" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:351.7px;">derivative instruments</div><div id="a118695" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:83.195px;top:352.3px;">1</div><div id="a118697_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.022px;top:353.1px;">29.4</div><div id="a118700_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.515px;top:353.1px;">0.0</div><div id="a118703_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:313.155px;top:353.1px;">29.4</div><div id="a118707_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:353.848px;top:353.1px;display:flex;">(15.2)</div><div id="a118710_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:353.1px;display:flex;">(3.3)</div><div id="a118713_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.368px;top:353.1px;">11.0</div><div id="a118717_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:540.275px;top:353.1px;">1.1</div><div id="a118721_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:353.1px;">12.1</div><div id="a118724_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:353.1px;">30.5</div><div id="a118727" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:367.3px;">Financial assets at fair value<div style="display:inline-block;width:3.53px"> </div></div><div id="a118730" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:379.1px;">not held for trading </div><div id="a118732_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.022px;top:380.1px;">93.1</div><div id="a118735_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:252.115px;top:380.1px;display:flex;">(87.6)</div><div id="a118738_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:317.875px;top:380.1px;">5.5</div><div id="a118742_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:359.048px;top:380.1px;display:flex;">(1.1)</div><div id="a118745_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:380.1px;display:flex;">(4.4)</div><div id="a118748_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:464.102px;top:380.1px;">0.0</div><div id="a118752_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.542px;top:380.1px;">54.6</div><div id="a118756_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:380.1px;">54.6</div><div id="a118759_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:380.1px;">60.1</div><div id="a118762" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:394.7px;">of which: reverse<div style="display:inline-block;width:3.18px"> </div></div><div id="a118765" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:406.1px;">repurchase agreements </div><div id="a118767_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.022px;top:407.5px;">93.1</div><div id="a118770_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:252.115px;top:407.5px;display:flex;">(87.6)</div><div id="a118773_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:317.875px;top:407.5px;">5.5</div><div id="a118777_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:359.048px;top:407.5px;display:flex;">(1.1)</div><div id="a118780_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:401.648px;top:407.5px;display:flex;">(4.4)</div><div id="a118783_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:464.102px;top:407.5px;">0.0</div><div id="a118787_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:540.275px;top:407.5px;">0.3</div><div id="a118791_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:606.542px;top:407.5px;">0.3</div><div id="a118794_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:666.635px;top:407.5px;">5.8</div><div id="a118797" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:422.1px;">Total assets </div><div id="a118799_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:187.288px;top:422.1px;">306.2</div><div id="a118802_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:247.862px;top:422.1px;display:flex;">(105.0)</div><div id="a118805_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:308.422px;top:422.1px;">201.2</div><div id="a118809_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:349.595px;top:422.1px;display:flex;">(108.1)</div><div id="a118812_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.915px;top:422.1px;display:flex;">(77.2)</div><div id="a118815_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.368px;top:422.1px;">15.9</div><div id="a118819_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.542px;top:422.1px;">82.6</div><div id="a118823_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:422.1px;">98.5</div><div id="a118826_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:422.1px;">283.7</div><div id="a118829" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:437.7px;">1 The net<div style="display:inline-block;width:3.65px"> </div>amount of<div style="display:inline-block;width:3.46px"> </div>Cash collateral<div style="display:inline-block;width:3.78px"> </div>receivables<div style="display:inline-block;width:3.61px"> </div>on derivative<div style="display:inline-block;width:3.44px"> </div>instruments recognized<div style="display:inline-block;width:4.56px"> </div>on the balance<div style="display:inline-block;width:3.8px"> </div>sheet includes<div style="display:inline-block;width:3.63px"> </div>certain OTC<div style="display:inline-block;width:4.57px"> </div>derivatives that<div style="display:inline-block;width:3.45px"> </div>are net<div style="display:inline-block;width:3.79px"> </div>settled on a<div style="display:inline-block;width:3.79px"> </div>daily basis either<div style="display:inline-block;width:4.26px"> </div>legally or in<div style="display:inline-block;width:3.94px"> </div>substance under </div><div id="a118831" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:447.6px;">IAS 32 principles and<div style="display:inline-block;width:3.66px"> </div>exchange-traded<div style="display:inline-block;width:3.71px"> </div>derivatives that<div style="display:inline-block;width:3.47px"> </div>are economically<div style="display:inline-block;width:4.25px"> </div>settled on a daily<div style="display:inline-block;width:3.95px"> </div>basis.<div style="display:inline-block;width:9.78px"> </div>2 The logic<div style="display:inline-block;width:3.8px"> </div>of the table<div style="display:inline-block;width:3.63px"> </div>results in amounts<div style="display:inline-block;width:3.93px"> </div>presented in<div style="display:inline-block;width:3.47px"> </div>the “Netting with<div style="display:inline-block;width:4.18px"> </div>gross liabilities”<div style="display:inline-block;width:3.46px"> </div>column corresponding </div><div id="a118838" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:458px;">directly to the amounts<div style="display:inline-block;width:3.46px"> </div>presented in the “Netting<div style="display:inline-block;width:3.49px"> </div>with gross assets” column<div style="display:inline-block;width:4.26px"> </div>in the liabilities table<div style="display:inline-block;width:3.94px"> </div>presented below.<div style="display:inline-block;width:3.38px"> </div>Netting in this column<div style="display:inline-block;width:3.46px"> </div>for reverse repurchase<div style="display:inline-block;width:3.63px"> </div>agreements presented<div style="display:inline-block;width:3.79px"> </div>within the lines “Receivables </div><div id="a118842" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:467.9px;">from securities financing<div style="display:inline-block;width:4.1px"> </div>transactions<div style="display:inline-block;width:3.46px"> </div>measured at amortized<div style="display:inline-block;width:4.1px"> </div>cost” and<div style="display:inline-block;width:3.8px"> </div>“Financial assets<div style="display:inline-block;width:3.65px"> </div>at fair value<div style="display:inline-block;width:4.1px"> </div>not held for<div style="display:inline-block;width:3.62px"> </div>trading”<div style="display:inline-block;width:3.57px"> </div>taken together<div style="display:inline-block;width:3.95px"> </div>corresponds<div style="display:inline-block;width:3.45px"> </div>to the amounts<div style="display:inline-block;width:3.93px"> </div>presented for<div style="display:inline-block;width:3.47px"> </div>repurchase agreements<div style="display:inline-block;width:3.8px"> </div>in the </div><div id="a118844" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:478.3px;">“Payables from securities financing transactions<div style="display:inline-block;width:4.12px"> </div>measured at amortized cost” and “Other financial<div style="display:inline-block;width:3.51px"> </div>liabilities designated at fair value” lines in<div style="display:inline-block;width:3.58px"> </div>the liabilities table presented below.<div style="display:inline-block;width:9.13px"> </div>3 For the purpose of this disclosure, </div><div id="a118847" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:488.3px;">the amounts of financial instruments<div style="display:inline-block;width:3.63px"> </div>and cash collateral presented<div style="display:inline-block;width:3.96px"> </div>have been capped so as not to exceed<div style="display:inline-block;width:3.49px"> </div>the net amount of fin<div style="display:inline-block;width:1.53px"> </div>ancial assets presented on the balance<div style="display:inline-block;width:3.66px"> </div>sheet; i.e., over-collateralization,<div style="display:inline-block;width:4.15px"> </div>where it exists, </div><div id="a118853" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:498.2px;">is not reflected in the table.<div style="display:inline-block;width:9.95px"> </div>4 Includes assets not subject<div style="display:inline-block;width:3.49px"> </div>to enforceable netting<div style="display:inline-block;width:3.63px"> </div>arrangements and other<div style="display:inline-block;width:3.63px"> </div>out-of-scope items.</div></div> 60800000000 11100000000 49600000000 3000000000.0 46400000000 300000000 18200000000 18500000000 67800000000 147400000000 2500000000 144900000000 110900000000 28500000000 5500000000 5200000000 10700000000 150100000000 33500000000 0.0 33500000000 20900000000 1900000000 10600000000 1500000000 12100000000 35000000000.0 85600000000 76800000000 8700000000 1500000000 7300000000 0.0 51000000000.0 51000000000.0 59800000000 84400000000 76800000000 7600000000 1500000000 6100000000 0.0 100000000 100000000 7700000000 327200000000 90400000000 236800000000 136300000000 84100000000 16400000000 76000000000.0 92300000000 312800000000 67700000000 13800000000 53900000000 2900000000 51000000000.0 0.0 21100000000 21100000000 75000000000.0 116000000000.0 3600000000 112400000000 88900000000 18500000000 5000000000.0 5700000000 10700000000 118100000000 29400000000 0.0 29400000000 15200000000 3300000000 11000000000.0 1100000000 12100000000 30500000000 93100000000 87600000000 5500000000 1100000000 4400000000 0.0 54600000000 54600000000 60100000000 93100000000 87600000000 5500000000 1100000000 4400000000 0.0 300000000 300000000 5800000000 306200000000 105000000000.0 201200000000 108100000000 77200000000 15900000000 82600000000 98500000000 283700000000 <div id="TextBlockContainer678" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:506px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_676_XBRL_TS_d327d09d64cf48db84ac579bbaa8806b" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer677" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:506px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a118898" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Financial liabilities subject to offsetting,<div style="display:inline-block;width:4.38px"> </div>enforceable master netting<div style="display:inline-block;width:4.24px"> </div>arrangements and similar agreements </div><div id="a118902" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:240.288px;top:15.8px;">Liabilities subject to netting<div style="display:inline-block;width:3.73px"> </div>arrangements<div style="display:inline-block;width:2.64px"> </div></div><div id="a118910" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:162.195px;top:65px;">Netting recognized on the balance sheet </div><div id="a118913" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:340.142px;top:53.2px;">Netting potential not recognized<div style="display:inline-block;width:3.26px"> </div></div><div id="a118915" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:359.995px;top:65px;">on the balance sheet</div><div id="a118916" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:435.702px;top:65.6px;">3</div><div id="a118919" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:504.328px;top:30px;">Liabilities not </div><div id="a118921" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.035px;top:41.3px;">subject<div style="display:inline-block;width:2.55px"> </div></div><div id="a118923" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.622px;top:53.2px;">to netting<div style="display:inline-block;width:2.57px"> </div></div><div id="a118925" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:499.595px;top:65px;">arrangements</div><div id="a118926" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:549.755px;top:65.6px;">4</div><div id="a118929" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:594.688px;top:65px;">Total liabilities </div><div id="a118931" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:135.9px;">As of 31.12.22, USD bn </div><div id="a118933" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:177.808px;top:100.5px;">Gross </div><div id="a118935" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:166.448px;top:112.3px;">liabilities </div><div id="a118938" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:174.968px;top:124.1px;">before </div><div id="a118940" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:172.595px;top:135.9px;">netting </div><div id="a118942" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:208.102px;top:124.1px;">Netting with<div style="display:inline-block;width:2.76px"> </div></div><div id="a118944" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:207.155px;top:135.9px;">gross assets</div><div id="a118945" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:250.222px;top:136.6px;">2</div><div id="a118947" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:300.382px;top:77.3px;">Net<div style="display:inline-block;width:2.73px"> </div></div><div id="a118949" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:281.435px;top:89.1px;">liabilities </div><div id="a118951" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:274.342px;top:100.5px;">recognized </div><div id="a118953" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:290.448px;top:112.3px;">on the </div><div id="a118955" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:285.248px;top:124.1px;">balance </div><div id="a118957" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:294.235px;top:135.9px;">sheet </div><div id="a118960" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.062px;top:124.1px;">Financial </div><div id="a118962" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:342.022px;top:135.9px;">assets </div><div id="a118964" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:374.662px;top:124.1px;">Collateral </div><div id="a118966" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:380.808px;top:135.9px;">pledged </div><div id="a118968" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:440.902px;top:89.1px;">Liabilities </div><div id="a118970" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.475px;top:100.5px;">after </div><div id="a118971" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:425.288px;top:112.3px;">consideration<div style="display:inline-block;width:2.9px"> </div></div><div id="a118973" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:439.008px;top:124.1px;">of netting </div><div id="a118975" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:442.342px;top:135.9px;">potential </div><div id="a118978" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:518.995px;top:89.1px;">Liabilities </div><div id="a118980" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.315px;top:100.5px;">recognized </div><div id="a118982" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.395px;top:112.3px;">on the </div><div id="a118984" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:524.195px;top:124.1px;">balance<div style="display:inline-block;width:2.83px"> </div></div><div id="a118986" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:533.182px;top:135.9px;">sheet </div><div id="a118989" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:600.395px;top:77.3px;">Total<div style="display:inline-block;width:3.14px"> </div></div><div id="a118991" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:586.648px;top:89.1px;">liabilities<div style="display:inline-block;width:2.9px"> </div></div><div id="a118993" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:100.5px;">after </div><div id="a118994" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:570.102px;top:112.3px;">consideration </div><div id="a118996" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.342px;top:124.1px;">of netting </div><div id="a118998" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:586.648px;top:135.9px;">potential </div><div id="a119000" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:660.488px;top:77.3px;">Total<div style="display:inline-block;width:3.14px"> </div></div><div id="a119002" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:646.742px;top:89.1px;">liabilities </div><div id="a119004" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:639.648px;top:100.5px;">recognized </div><div id="a119006" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:655.755px;top:112.3px;">on the </div><div id="a119008" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:650.515px;top:124.1px;">balance<div style="display:inline-block;width:2.83px"> </div></div><div id="a119010" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:659.542px;top:135.9px;">sheet </div><div id="a119012" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:149.2px;">Payables from securities financing </div><div id="a119013" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:161px;">transactions measured at amortized cost </div><div id="a119015_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:181.142px;top:162.4px;">14.1</div><div id="a119018_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:231.275px;top:162.4px;display:flex;">(11.1)</div><div id="a119021_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:301.328px;top:162.4px;">3.0</div><div id="a119025_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:347.235px;top:162.4px;display:flex;">(1.3)</div><div id="a119028_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:162.4px;display:flex;">(1.8)</div><div id="a119031_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:462.208px;top:162.4px;">0.0</div><div id="a119035_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:540.275px;top:162.4px;">1.2</div><div id="a119039_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:606.542px;top:162.4px;">1.2</div><div id="a119042_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:666.635px;top:162.4px;">4.2</div><div id="a119045" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:177.1px;">Derivative financial instruments<div style="display:inline-block;width:3.65px"> </div></div><div id="a119047_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:176.382px;top:177.1px;">150.3</div><div id="a119050_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:236.502px;top:177.1px;display:flex;">(2.5)</div><div id="a119053_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:291.875px;top:177.1px;">147.8</div><div id="a119057_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:337.302px;top:177.1px;display:flex;">(110.9)</div><div id="a119060_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.422px;top:177.1px;display:flex;">(26.2)</div><div id="a119063_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.475px;top:177.1px;">10.7</div><div id="a119067_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:540.275px;top:177.1px;">7.1</div><div id="a119071_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:177.1px;">17.8</div><div id="a119074_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:657.168px;top:177.1px;">154.9</div><div id="a119077" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:194.6px;">Cash collateral payables on<div style="display:inline-block;width:3.61px"> </div></div><div id="a119079" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:206px;">derivative instruments</div><div id="a119080" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:83.195px;top:206.6px;">1</div><div id="a119082_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:181.142px;top:208.8px;">34.9</div><div id="a119085_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:241.715px;top:208.8px;">0.0</div><div id="a119088_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:296.595px;top:208.8px;">34.9</div><div id="a119092_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:342.022px;top:208.8px;display:flex;">(20.0)</div><div id="a119095_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:208.8px;display:flex;">(1.9)</div><div id="a119098_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.475px;top:208.8px;">13.0</div><div id="a119102_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:540.275px;top:208.8px;">1.6</div><div id="a119106_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:208.8px;">14.5</div><div id="a119109_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:661.902px;top:208.8px;">36.4</div><div id="a119112" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:223.5px;">Other financial liabilities<div style="display:inline-block;width:2.95px"> </div></div><div id="a119115" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:234.8px;">designated at fair value </div><div id="a119117_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:181.142px;top:236.2px;">92.5</div><div id="a119120_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:231.275px;top:236.2px;display:flex;">(76.9)</div><div id="a119123_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:296.595px;top:236.2px;">15.6</div><div id="a119127_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:347.235px;top:236.2px;display:flex;">(3.2)</div><div id="a119130_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.422px;top:236.2px;display:flex;">(12.4)</div><div id="a119133_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:462.208px;top:236.2px;">0.0</div><div id="a119137_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.542px;top:236.2px;">14.6</div><div id="a119141_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:236.2px;">14.6</div><div id="a119144_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:661.902px;top:236.2px;">30.2</div><div id="a119147" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:250px;">of which: repurchase agreements </div><div id="a119150_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:181.142px;top:250.5px;">92.1</div><div id="a119153_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:231.275px;top:250.5px;display:flex;">(76.9)</div><div id="a119156_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:296.595px;top:250.5px;">15.3</div><div id="a119160_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:347.235px;top:250.5px;display:flex;">(3.2)</div><div id="a119163_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:387.422px;top:250.5px;display:flex;">(12.1)</div><div id="a119166_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:462.208px;top:250.5px;">0.0</div><div id="a119170_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:540.275px;top:250.5px;">0.1</div><div id="a119174_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:606.542px;top:250.5px;">0.1</div><div id="a119177_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:661.902px;top:250.5px;">15.3</div><div id="a119180" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:265.1px;">Total liabilities </div><div id="a119182_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:176.382px;top:265.1px;">291.7</div><div id="a119185_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:231.782px;top:265.1px;display:flex;">(90.4)</div><div id="a119188_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:291.875px;top:265.1px;">201.3</div><div id="a119192_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.768px;top:265.1px;display:flex;">(135.3)</div><div id="a119195_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:387.902px;top:265.1px;display:flex;">(42.3)</div><div id="a119198_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.475px;top:265.1px;">23.7</div><div id="a119202_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.542px;top:265.1px;">24.5</div><div id="a119206_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:265.1px;">48.1</div><div id="a119209_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:657.168px;top:265.1px;">225.8</div><div id="a119225" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:294.4px;">As of 31.12.21, USD bn </div><div id="a119239" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:308.1px;">Payables from securities financing </div><div id="a119240" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:320px;">transactions measured at amortized cost </div><div id="a119242_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:181.142px;top:321.4px;">16.9</div><div id="a119245_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:231.275px;top:321.4px;display:flex;">(12.8)</div><div id="a119248_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:301.328px;top:321.4px;">4.1</div><div id="a119252_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:347.235px;top:321.4px;display:flex;">(1.8)</div><div id="a119255_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:321.4px;display:flex;">(2.3)</div><div id="a119258_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.208px;top:321.4px;">0.0</div><div id="a119262_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:540.275px;top:321.4px;">1.4</div><div id="a119266_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:606.542px;top:321.4px;">1.4</div><div id="a119269_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:666.635px;top:321.4px;">5.5</div><div id="a119272" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:336.1px;">Derivative financial instruments<div style="display:inline-block;width:3.65px"> </div></div><div id="a119275_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:176.382px;top:336.1px;">118.4</div><div id="a119278_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:236.502px;top:336.1px;display:flex;">(3.6)</div><div id="a119281_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:291.875px;top:336.1px;">114.9</div><div id="a119285_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:342.022px;top:336.1px;display:flex;">(88.9)</div><div id="a119288_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.422px;top:336.1px;display:flex;">(18.1)</div><div id="a119291_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.208px;top:336.1px;">7.9</div><div id="a119295_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:540.275px;top:336.1px;">6.4</div><div id="a119299_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:336.1px;">14.3</div><div id="a119302_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:336.1px;">121.3</div><div id="a119305" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:352.2px;">Cash collateral payables on<div style="display:inline-block;width:3.61px"> </div></div><div id="a119307" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:363.5px;">derivative instruments</div><div id="a119308" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:83.195px;top:364.1px;">1</div><div id="a119310_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:181.142px;top:364.9px;">30.4</div><div id="a119313_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:241.715px;top:364.9px;">0.0</div><div id="a119316_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:296.595px;top:364.9px;">30.4</div><div id="a119320_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:342.022px;top:364.9px;display:flex;">(13.1)</div><div id="a119323_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:364.9px;display:flex;">(3.3)</div><div id="a119326_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:457.475px;top:364.9px;">14.0</div><div id="a119330_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:540.275px;top:364.9px;">1.4</div><div id="a119334_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:364.9px;">15.4</div><div id="a119337_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:364.9px;">31.8</div><div id="a119340" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:379.1px;">Other financial liabilities<div style="display:inline-block;width:2.95px"> </div></div><div id="a119343" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:390.9px;">designated at fair value </div><div id="a119345_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:181.142px;top:392.4px;">94.8</div><div id="a119348_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:231.275px;top:392.4px;display:flex;">(88.6)</div><div id="a119351_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:301.328px;top:392.4px;">6.2</div><div id="a119355_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:347.235px;top:392.4px;display:flex;">(2.2)</div><div id="a119358_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:392.4px;display:flex;">(3.8)</div><div id="a119361_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.208px;top:392.4px;">0.2</div><div id="a119365_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.542px;top:392.4px;">23.9</div><div id="a119369_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:392.4px;">24.1</div><div id="a119372_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:392.4px;">30.1</div><div id="a119375" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:406.1px;">of which: repurchase agreements </div><div id="a119378_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:181.142px;top:406.6px;">94.6</div><div id="a119381_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:231.275px;top:406.6px;display:flex;">(88.6)</div><div id="a119384_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:301.328px;top:406.6px;">6.0</div><div id="a119388_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:347.235px;top:406.6px;display:flex;">(2.2)</div><div id="a119391_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:406.6px;display:flex;">(3.8)</div><div id="a119394_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:462.208px;top:406.6px;">0.0</div><div id="a119398_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:540.275px;top:406.6px;">0.4</div><div id="a119402_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:606.542px;top:406.6px;">0.4</div><div id="a119405_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:666.635px;top:406.6px;">6.4</div><div id="a119408" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:421.2px;">Total liabilities </div><div id="a119410_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:176.382px;top:421.2px;">260.6</div><div id="a119413_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:227.022px;top:421.2px;display:flex;">(105.0)</div><div id="a119416_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:291.875px;top:421.2px;">155.6</div><div id="a119420_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:337.768px;top:421.2px;display:flex;">(106.0)</div><div id="a119423_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.902px;top:421.2px;display:flex;">(27.5)</div><div id="a119426_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:457.475px;top:421.2px;">22.1</div><div id="a119430_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.542px;top:421.2px;">33.1</div><div id="a119434_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:421.2px;">55.2</div><div id="a119437_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:421.2px;">188.7</div><div id="a119440" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:436.7px;">1 The net amount of Cash collateral<div style="display:inline-block;width:3.97px"> </div>payables on derivative instruments<div style="display:inline-block;width:3.6px"> </div>recognized on the balance sheet<div style="display:inline-block;width:3.64px"> </div>includes certain OTC<div style="display:inline-block;width:3.69px"> </div>derivatives that are net settled<div style="display:inline-block;width:3.57px"> </div>on a daily basis either legally or in substance<div style="display:inline-block;width:3.97px"> </div>under IAS 32 </div><div id="a119445" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:446.7px;">principles and exchange-traded derivativ<div style="display:inline-block;width:1.67px"> </div>es that are economically settled on a daily basis.<div style="display:inline-block;width:7.75px"> </div>2 The logic of the table results in amounts presented in the “Netting with gross<div style="display:inline-block;width:3.42px"> </div>assets” column corresponding to the amounts </div><div id="a119450" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:457.1px;">presented in the “Netting with gross liabilities” column in the assets table presented above. Netting in this column for<div style="display:inline-block;width:3.65px"> </div>repurchase agreements presented within the lines “Payables from<div style="display:inline-block;width:3.98px"> </div>securities financing transactions </div><div id="a119453" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:467px;">measured at amortized<div style="display:inline-block;width:4.57px"> </div>cost” and<div style="display:inline-block;width:3.8px"> </div>“Other financial<div style="display:inline-block;width:3.95px"> </div>liabilities designated<div style="display:inline-block;width:4.56px"> </div>at fair<div style="display:inline-block;width:3.48px"> </div>value” taken<div style="display:inline-block;width:4.11px"> </div>together corresponds<div style="display:inline-block;width:4.78px"> </div>to the<div style="display:inline-block;width:3.46px"> </div>amounts presented<div style="display:inline-block;width:4.09px"> </div>for reverse<div style="display:inline-block;width:3.93px"> </div>repurchase agreements<div style="display:inline-block;width:4.27px"> </div>in the “Receivables<div style="display:inline-block;width:4.89px"> </div>from securities </div><div id="a119455" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:477.4px;">financing transactions<div style="display:inline-block;width:3.79px"> </div>measured at amortized cost”<div style="display:inline-block;width:3.95px"> </div>and “Financial assets<div style="display:inline-block;width:3.66px"> </div>at fair value<div style="display:inline-block;width:3.63px"> </div>not held for trading”<div style="display:inline-block;width:3.48px"> </div>lines in the<div style="display:inline-block;width:3.63px"> </div>assets table presented<div style="display:inline-block;width:3.89px"> </div>above.<div style="display:inline-block;width:9.92px"> </div>3 For the purpose<div style="display:inline-block;width:3.87px"> </div>of this disclosure,<div style="display:inline-block;width:3.77px"> </div>the amounts of financial </div><div id="a119458" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:487.4px;">instruments and cash collateral<div style="display:inline-block;width:3.95px"> </div>presented have been capped<div style="display:inline-block;width:3.49px"> </div>so as not to exceed the<div style="display:inline-block;width:3.47px"> </div>net amount of financial liabilities<div style="display:inline-block;width:3.78px"> </div>presented on the balance<div style="display:inline-block;width:3.74px"> </div>sheet; i.e., over-collateralization,<div style="display:inline-block;width:4.11px"> </div>where it exists, is<div style="display:inline-block;width:3.54px"> </div>not reflected in the </div><div id="a119463" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:497.8px;">table.<div style="display:inline-block;width:8.36px"> </div>4 Includes liabilities<div style="display:inline-block;width:3.82px"> </div>not subject to enforceable netting<div style="display:inline-block;width:3.47px"> </div>arrangements and<div style="display:inline-block;width:3.48px"> </div>other out-of-scope items.</div></div></div></div> 14100000000 11100000000 3000000000.0 1300000000 1800000000 0.0 1200000000 1200000000 4200000000 150300000000 2500000000 147800000000 110900000000 26200000000 10700000000 7100000000 17800000000 154900000000 34900000000 0.0 34900000000 20000000000.0 1900000000 13000000000.0 1600000000 14500000000 36400000000 92500000000 76900000000 15600000000 3200000000 12400000000 0.0 14600000000 14600000000 30200000000 92100000000 76900000000 15300000000 3200000000 12100000000 0.0 100000000 100000000 15300000000 291700000000 90400000000 201300000000 135300000000 42300000000 23700000000 24500000000 48100000000 225800000000 16900000000 12800000000 4100000000 1800000000 2300000000 0.0 1400000000 1400000000 5500000000 118400000000 3600000000 114900000000 88900000000 18100000000 7900000000 6400000000 14300000000 121300000000 30400000000 0.0 30400000000 13100000000 3300000000 14000000000.0 1400000000 15400000000 31800000000 94800000000 88600000000 6200000000 2200000000 3800000000 200000000 23900000000 24100000000 30100000000 94600000000 88600000000 6000000000.0 2200000000 3800000000 0.0 400000000 400000000 6400000000 260600000000 105000000000.0 155600000000 106000000000.0 27500000000 22100000000 33100000000 55200000000 188700000000 <div id="TextBlockContainer680" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:351px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a119507" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 22<div style="display:inline-block;width:8.21px"> </div>Restricted and transferred financial<div style="display:inline-block;width:5.14px"> </div>assets </div><div id="a119510" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:26.8px;">This Note<div style="display:inline-block;width:6.13px"> </div>provides<div style="display:inline-block;width:5.16px"> </div>information about<div style="display:inline-block;width:6.22px"> </div>restricted financial<div style="display:inline-block;width:6.03px"> </div>assets (Note<div style="display:inline-block;width:6.33px"> </div>22a),<div style="display:inline-block;width:5.34px"> </div>transfers of<div style="display:inline-block;width:5.52px"> </div>financial assets<div style="display:inline-block;width:5.51px"> </div>(Note<div style="display:inline-block;width:5.16px"> </div>22b<div style="display:inline-block;width:5.34px"> </div>and </div><div id="a119515" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:42.4px;">22c) and financial assets that are<div style="display:inline-block;width:5.33px"> </div>received as collateral with the right<div style="display:inline-block;width:5.05px"> </div>to resell or repledge<div style="display:inline-block;width:5.65px"> </div>these assets (Note 22d). </div><div id="a119525" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:57.6px;"> </div><div id="a119526" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:4.905px;top:80.4px;">a) Restricted financial assets </div><div id="a119531" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:107.7px;">Restricted<div style="display:inline-block;width:5.36px"> </div>financial assets<div style="display:inline-block;width:6.93px"> </div>consist<div style="display:inline-block;width:5.24px"> </div>of<div style="display:inline-block;width:5.25px"> </div>assets<div style="display:inline-block;width:5.2px"> </div>pledged<div style="display:inline-block;width:5.91px"> </div>as collateral<div style="display:inline-block;width:6.15px"> </div>against<div style="display:inline-block;width:5.4px"> </div>an<div style="display:inline-block;width:5.4px"> </div>existing<div style="display:inline-block;width:5.09px"> </div>liability or<div style="display:inline-block;width:6.57px"> </div>contingent<div style="display:inline-block;width:5.6px"> </div>liability and </div><div id="a119533" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:122.8px;">other assets that are otherwise explicitly<div style="display:inline-block;width:5.44px"> </div>restricted such that they cannot<div style="display:inline-block;width:5.43px"> </div>be used to secure funding.<div style="display:inline-block;width:5.29px"> </div></div><div id="a119535" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:146px;">Financial<div style="display:inline-block;width:5.39px"> </div>assets<div style="display:inline-block;width:5.2px"> </div>are<div style="display:inline-block;width:5.76px"> </div>mainly<div style="display:inline-block;width:5.31px"> </div>pledged<div style="display:inline-block;width:5.91px"> </div>as<div style="display:inline-block;width:5.25px"> </div>collateral<div style="display:inline-block;width:5.53px"> </div>in<div style="display:inline-block;width:5.3px"> </div>securities<div style="display:inline-block;width:5.73px"> </div>lending<div style="display:inline-block;width:5.8px"> </div>transactions,<div style="display:inline-block;width:5.72px"> </div>in<div style="display:inline-block;width:5.3px"> </div>repurchase<div style="display:inline-block;width:5.83px"> </div>transactions,<div style="display:inline-block;width:5.24px"> </div>against </div><div id="a119538" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:161.2px;">loans from Swiss mortgage institutions and<div style="display:inline-block;width:2.11px"> </div>in connection with the<div style="display:inline-block;width:1.81px"> </div>issuance of covered bonds. The<div style="display:inline-block;width:2.28px"> </div>Group generally enters </div><div id="a119540" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:176.3px;">into repurchase and securities lending<div style="display:inline-block;width:5.19px"> </div>arrangements under standard market agreements. For securities lending,<div style="display:inline-block;width:5.34px"> </div>the cash </div><div id="a119544" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:191.9px;">received as<div style="display:inline-block;width:5.61px"> </div>collateral may<div style="display:inline-block;width:5.81px"> </div>be more<div style="display:inline-block;width:6.12px"> </div>or less<div style="display:inline-block;width:5.35px"> </div>than the<div style="display:inline-block;width:5.7px"> </div>fair value<div style="display:inline-block;width:5.26px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>securities loaned,<div style="display:inline-block;width:6.1px"> </div>depending on<div style="display:inline-block;width:5.87px"> </div>the nature<div style="display:inline-block;width:5.22px"> </div>of the </div><div id="a119548" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:207.1px;">transaction.<div style="display:inline-block;width:3.81px"> </div>For repurchase agreements, the fair<div style="display:inline-block;width:1.9px"> </div>value of the<div style="display:inline-block;width:2.09px"> </div>collateral sold under an<div style="display:inline-block;width:2.12px"> </div>agreement to repurchase is<div style="display:inline-block;width:2.06px"> </div>generally </div><div id="a119551" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:222.2px;">in excess<div style="display:inline-block;width:5.57px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the cash<div style="display:inline-block;width:5.88px"> </div>borrowed.<div style="display:inline-block;width:5.8px"> </div>Pledged<div style="display:inline-block;width:5.23px"> </div>mortgage loans<div style="display:inline-block;width:6.28px"> </div>serve as<div style="display:inline-block;width:5.52px"> </div>collateral<div style="display:inline-block;width:5.06px"> </div>for existing<div style="display:inline-block;width:6.51px"> </div>liabilities against<div style="display:inline-block;width:5.92px"> </div>Swiss<div style="display:inline-block;width:5.3px"> </div>central </div><div id="a119554" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:237.8px;">mortgage institutions<div style="display:inline-block;width:5.59px"> </div>and for<div style="display:inline-block;width:5.13px"> </div>existing covered<div style="display:inline-block;width:5.28px"> </div>bond<div style="display:inline-block;width:5.26px"> </div>issuances of<div style="display:inline-block;width:5.16px"> </div>USD </div><div id="a119554_69_5" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:409.018px;top:237.8px;">8,962</div><div id="a119554_74_38" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:442.592px;top:237.8px;">m as of<div style="display:inline-block;width:5.38px"> </div>31 December<div style="display:inline-block;width:5.08px"> </div>2022<div style="display:inline-block;width:5.17px"> </div>(31 December </div><div id="a119567" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:252.9px;">2021: USD </div><div id="a119567_10_6" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:70.67px;top:252.9px;">10,843</div><div id="a119567_16_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:111.378px;top:252.9px;">m). </div><div id="a119576" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:276.1px;">Other restricted financial assets<div style="display:inline-block;width:2.24px"> </div>include assets protected under client<div style="display:inline-block;width:1.83px"> </div>asset segregation rules, assets held<div style="display:inline-block;width:2.2px"> </div>under unit-linked </div><div id="a119581" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:291.3px;">investment contracts to back related liabilities to the policy holders and<div style="display:inline-block;width:5.5px"> </div>assets held in certain jurisdictions to comply with </div><div id="a119584" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:306.4px;">explicit minimum local asset maintenance requirements. The carrying amount of<div style="display:inline-block;width:2.29px"> </div>the liabilities associated with these<div style="display:inline-block;width:2.34px"> </div>other </div><div id="a119586" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:321.5px;">restricted financial<div style="display:inline-block;width:6.03px"> </div>assets<div style="display:inline-block;width:5.2px"> </div>is generally<div style="display:inline-block;width:6.04px"> </div>equal<div style="display:inline-block;width:5.03px"> </div>to the<div style="display:inline-block;width:5.88px"> </div>carrying<div style="display:inline-block;width:5.26px"> </div>amount<div style="display:inline-block;width:5.03px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>assets, with<div style="display:inline-block;width:5.93px"> </div>the exception<div style="display:inline-block;width:6.25px"> </div>of assets<div style="display:inline-block;width:5.82px"> </div>held<div style="display:inline-block;width:5.03px"> </div>to </div><div id="a119587" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:337.1px;">comply with local asset maintenance requirements,<div style="display:inline-block;width:5.48px"> </div>for which the associated liabilities<div style="display:inline-block;width:5.75px"> </div>are greater.</div></div><div id="TextBlockContainer683" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:698px;height:367px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a119595" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Restricted financial assets<div style="display:inline-block;width:3.8px"> </div></div><div id="a119604" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:13.4px;">USD m </div><div id="a119607" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.995px;top:13.4px;">31.12.22 </div><div id="a119610" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:599.448px;top:13.4px;">31.12.21 </div><div id="a119614" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:444.235px;top:73px;">Restricted </div><div id="a119615" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:425.288px;top:84.8px;">financial assets </div><div id="a119617" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:487.275px;top:26.6px;">of which: assets </div><div id="a119618" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:505.755px;top:38px;">pledged as </div><div id="a119619" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:495.342px;top:49.8px;">collateral that </div><div id="a119620" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:492.008px;top:61.7px;">may be sold or </div><div id="a119621" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:498.182px;top:73px;">repledged by </div><div id="a119622" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:493.422px;top:84.8px;">counterparties </div><div id="a119625" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.662px;top:73px;">Restricted </div><div id="a119626" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:558.742px;top:84.8px;">financial assets </div><div id="a119628" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:620.728px;top:26.6px;">of which: assets </div><div id="a119629" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:639.168px;top:38px;">pledged as </div><div id="a119630" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.768px;top:49.8px;">collateral that </div><div id="a119631" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:625.462px;top:61.7px;">may be sold or </div><div id="a119632" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:631.128px;top:73px;">repledged by </div><div id="a119633" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:626.408px;top:84.8px;">counterparties </div><div id="a119635" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:98.1px;">Financial assets pledged as collateral </div><div id="a119644" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:112.3px;">Financial assets at fair value held for trading </div><div id="a119647_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:453.702px;top:112.3px;">57,377</div><div id="a119650_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:518.995px;top:112.3px;">36,742</div><div id="a119654_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.115px;top:112.3px;">63,725</div><div id="a119657_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:112.3px;">43,397</div><div id="a119660" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:126.5px;">Loans and advances to customers</div><div id="a119661" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:125.275px;top:127.1px;">1</div><div id="a119664_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:453.702px;top:126.5px;">15,195</div><div id="a119669_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.115px;top:126.5px;">18,160</div><div id="a119673" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:141.1px;">Financial assets at fair value not held for trading </div><div id="a119676_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:458.422px;top:141.1px;">1,509</div><div id="a119679_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:523.715px;top:141.1px;">1,220</div><div id="a119683_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.942px;top:141.1px;">961</div><div id="a119686_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.795px;top:141.1px;">961</div><div id="a119689" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:155.8px;">Debt securities classified as Other financial assets measured<div style="display:inline-block;width:3.93px"> </div>at amortized cost </div><div id="a119693_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:458.422px;top:155.8px;">3,432</div><div id="a119696_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:523.715px;top:155.8px;">2,685</div><div id="a119700_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.848px;top:155.8px;">2,234</div><div id="a119703_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:155.8px;">1,870</div><div id="a119706" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:169.5px;">Total financial assets pledged<div style="display:inline-block;width:3.85px"> </div>as collateral </div><div id="a119709_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:453.702px;top:169.5px;">77,513</div><div id="a119714_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.115px;top:169.5px;">85,079</div><div id="a119725" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:195.5px;">Other restricted financial assets </div><div id="a119733" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:210.2px;">Loans and advances to banks </div><div id="a119736_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:458.422px;top:210.2px;">3,689</div><div id="a119741_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.848px;top:210.2px;">3,408</div><div id="a119745" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:224.4px;">Financial assets at fair value held for trading </div><div id="a119748_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.515px;top:224.4px;">162</div><div id="a119753_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.942px;top:224.4px;">392</div><div id="a119757" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:238.6px;">Cash collateral receivables on derivative<div style="display:inline-block;width:3.86px"> </div>instruments </div><div id="a119760_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:458.422px;top:238.6px;">5,155</div><div id="a119765_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.848px;top:238.6px;">4,747</div><div id="a119769" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:253.3px;">Loans and advances to customers </div><div id="a119772_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:458.422px;top:253.3px;">1,127</div><div id="a119777_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.848px;top:253.3px;">1,237</div><div id="a119781" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:267.5px;">Financial assets at fair value not held for trading </div><div id="a119785_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:453.702px;top:267.5px;">14,478</div><div id="a119790_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.115px;top:267.5px;">22,765</div><div id="a119794" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:282.6px;">Financial assets measured at fair value through<div style="display:inline-block;width:4.15px"> </div>other comprehensive income </div><div id="a119797_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:458.422px;top:282.6px;">1,842</div><div id="a119802_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.942px;top:282.6px;">894</div><div id="a119806" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:295.9px;">Other </div><div id="a119809_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.515px;top:295.9px;">859</div><div id="a119814_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:604.182px;top:295.9px;">97</div><div id="a119818" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:309.6px;">Total other restricted<div style="display:inline-block;width:3.87px"> </div>financial assets<div style="display:inline-block;width:2.74px"> </div></div><div id="a119821_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:453.702px;top:309.6px;">27,312</div><div id="a119826_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.115px;top:309.6px;">33,540</div><div id="a119830" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:324.2px;">Total financial assets pledged<div style="display:inline-block;width:3.85px"> </div>and other restricted financial assets</div><div id="a119832" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:242.182px;top:324.9px;">2</div><div id="a119835_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:324.2px;">104,825</div><div id="a119840_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.395px;top:324.2px;">118,619</div><div id="a119844" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:338.3px;">1 Mainly related to mortgage<div style="display:inline-block;width:3.65px"> </div>loans that serve<div style="display:inline-block;width:3.62px"> </div>as collateral for existing<div style="display:inline-block;width:3.94px"> </div>liabilities toward<div style="display:inline-block;width:3.45px"> </div>Swiss central mortgage<div style="display:inline-block;width:4.32px"> </div>institutions and for existing<div style="display:inline-block;width:3.93px"> </div>covered bond issuances.<div style="display:inline-block;width:4.25px"> </div>Of these pledged<div style="display:inline-block;width:3.63px"> </div>mortgage loans,<div style="display:inline-block;width:3.46px"> </div>approximately </div><div id="a119847" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:348.7px;">USD </div><div id="a119847_4_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.812px;top:348.7px;">3.1</div><div id="a119847_7_63" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:29.216px;top:348.7px;">bn as<div style="display:inline-block;width:3.63px"> </div>of 31 December<div style="display:inline-block;width:3.65px"> </div>2022 (31<div style="display:inline-block;width:3.87px"> </div>December 2021:<div style="display:inline-block;width:3.52px"> </div>approximately<div style="display:inline-block;width:3.85px"> </div>USD </div><div id="a119847_70_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:252.582px;top:348.7px;">2.7</div><div id="a119847_73_138" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:262.985px;top:348.7px;">bn) could<div style="display:inline-block;width:3.78px"> </div>be withdrawn<div style="display:inline-block;width:3.79px"> </div>or used for<div style="display:inline-block;width:3.46px"> </div>future liabilities<div style="display:inline-block;width:4.41px"> </div>or covered bond<div style="display:inline-block;width:3.76px"> </div>issuances without<div style="display:inline-block;width:4.25px"> </div>breaching existing<div style="display:inline-block;width:3.94px"> </div>collateral requirements.<div style="display:inline-block;width:14.81px"> </div></div><div id="a119853" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:358.6px;">2 Does not include assets placed<div style="display:inline-block;width:3.65px"> </div>with central banks related<div style="display:inline-block;width:3.49px"> </div>to undrawn credit lines<div style="display:inline-block;width:3.79px"> </div>and for payment, clearing<div style="display:inline-block;width:3.49px"> </div>and settlement purposes<div style="display:inline-block;width:3.72px"> </div>(31 December 2022:<div style="display:inline-block;width:3.4px"> </div>USD </div><div id="a119853_157_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:511.359px;top:358.6px;">5.9</div><div id="a119853_160_26" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:522.236px;top:358.6px;">bn; 31 December 2021:<div style="display:inline-block;width:3.56px"> </div>USD </div><div id="a119853_186_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:614.582px;top:358.6px;">4.4</div><div id="a119853_189_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:625.458px;top:358.6px;">bn).</div></div><div id="TextBlockContainer686" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:195px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a119899" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">In addition to restrictions on financial<div style="display:inline-block;width:1.92px"> </div>assets, UBS Group AG and its subsidiaries are, in certain cases,<div style="display:inline-block;width:2.21px"> </div>subject to regulatory </div><div id="a119904" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">requirements<div style="display:inline-block;width:6.56px"> </div>that<div style="display:inline-block;width:6.52px"> </div>affect<div style="display:inline-block;width:6.67px"> </div>the<div style="display:inline-block;width:6.2px"> </div>transfer<div style="display:inline-block;width:6.26px"> </div>of<div style="display:inline-block;width:6.67px"> </div>dividends<div style="display:inline-block;width:6.6px"> </div>and<div style="display:inline-block;width:6.55px"> </div>capital<div style="display:inline-block;width:6.48px"> </div>within<div style="display:inline-block;width:6.77px"> </div>the<div style="display:inline-block;width:6.67px"> </div>Group,<div style="display:inline-block;width:6.43px"> </div>as<div style="display:inline-block;width:6.2px"> </div>well<div style="display:inline-block;width:6.52px"> </div>as<div style="display:inline-block;width:6.2px"> </div>intercompany<div style="display:inline-block;width:7.17px"> </div>lending. </div><div id="a119908" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">Supervisory authorities<div style="display:inline-block;width:5.61px"> </div>also may<div style="display:inline-block;width:5.1px"> </div>require entities<div style="display:inline-block;width:5.99px"> </div>to measure<div style="display:inline-block;width:5.54px"> </div>capital and<div style="display:inline-block;width:5.35px"> </div>leverage ratios<div style="display:inline-block;width:6.31px"> </div>on a<div style="display:inline-block;width:5.24px"> </div>stressed basis,<div style="display:inline-block;width:5.42px"> </div>such as<div style="display:inline-block;width:5.13px"> </div>the </div><div id="a119909" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.4px;">Federal<div style="display:inline-block;width:5.89px"> </div>Reserve<div style="display:inline-block;width:6.52px"> </div>Board’s<div style="display:inline-block;width:6.99px"> </div>Comprehensive<div style="display:inline-block;width:6.79px"> </div>Capital<div style="display:inline-block;width:6.14px"> </div>Analysis<div style="display:inline-block;width:6.66px"> </div>and<div style="display:inline-block;width:6.55px"> </div>Review<div style="display:inline-block;width:6.4px"> </div>(CCAR)<div style="display:inline-block;width:7.05px"> </div>process,<div style="display:inline-block;width:6.67px"> </div>which<div style="display:inline-block;width:6.35px"> </div>may<div style="display:inline-block;width:6.27px"> </div>limit<div style="display:inline-block;width:6.53px"> </div>the<div style="display:inline-block;width:6.2px"> </div>relevant </div><div id="a119916" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">subsidiaries’ ability to make distributions<div style="display:inline-block;width:5.33px"> </div>of capital based on the results<div style="display:inline-block;width:5.02px"> </div>of those tests. </div><div id="a119920" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:84.2px;">Supervisory<div style="display:inline-block;width:5.04px"> </div>authorities<div style="display:inline-block;width:5.66px"> </div>generally<div style="display:inline-block;width:5.52px"> </div>have<div style="display:inline-block;width:5.67px"> </div>discretion<div style="display:inline-block;width:5.85px"> </div>to<div style="display:inline-block;width:5.25px"> </div>impose<div style="display:inline-block;width:5.4px"> </div>higher<div style="display:inline-block;width:5.55px"> </div>requirements<div style="display:inline-block;width:5.62px"> </div>or<div style="display:inline-block;width:5.72px"> </div>to<div style="display:inline-block;width:5.25px"> </div>otherwise<div style="display:inline-block;width:5.35px"> </div>limit<div style="display:inline-block;width:5.53px"> </div>the<div style="display:inline-block;width:5.25px"> </div>activities<div style="display:inline-block;width:5.17px"> </div>of </div><div id="a119921" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.3px;">subsidiaries.<div style="display:inline-block;width:4.21px"> </div></div><div id="a119923" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:122.5px;">Non-regulated subsidiaries<div style="display:inline-block;width:5.05px"> </div>are generally not subject to such<div style="display:inline-block;width:5.25px"> </div>requirements and transfer<div style="display:inline-block;width:5.4px"> </div>restrictions. However,<div style="display:inline-block;width:5.13px"> </div>restrictions </div><div id="a119926" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:137.7px;">can<div style="display:inline-block;width:6.62px"> </div>also<div style="display:inline-block;width:6.77px"> </div>be<div style="display:inline-block;width:6.82px"> </div>the<div style="display:inline-block;width:6.67px"> </div>result<div style="display:inline-block;width:6.7px"> </div>of<div style="display:inline-block;width:6.67px"> </div>different<div style="display:inline-block;width:6.79px"> </div>legal,<div style="display:inline-block;width:6.72px"> </div>regulatory,<div style="display:inline-block;width:7.07px"> </div>contractual,<div style="display:inline-block;width:6.36px"> </div>entity-<div style="display:inline-block;width:6.78px"> </div>or<div style="display:inline-block;width:6.67px"> </div>country-specific<div style="display:inline-block;width:6.87px"> </div>arrangements<div style="display:inline-block;width:7.14px"> </div>and<div style="display:inline-block;width:7.12px"> </div>/<div style="display:inline-block;width:6.72px"> </div>or </div><div id="a119935" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:152.8px;">requirements. </div><div id="a119937" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:165px;">›</div><div id="a119938" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:165.2px;"> </div><div id="a119939" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:169.8px;">Refer to the “Financial<div style="display:inline-block;width:0.92px"> </div>and regulatory key figures<div style="display:inline-block;width:1.06px"> </div>for our significant<div style="display:inline-block;width:1.53px"> </div>regulated subsidiaries<div style="display:inline-block;width:0.82px"> </div>and sub-groups” section<div style="display:inline-block;width:0.9px"> </div>of this report </div><div id="a119947" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:184.5px;">for financial information<div style="display:inline-block;width:1.09px"> </div>about significant<div style="display:inline-block;width:1.16px"> </div>regulated subsidiaries<div style="display:inline-block;width:1.29px"> </div>of the Group</div></div> 8962000000 10843000000 <div id="TextBlockContainer684" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:698px;height:367px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_682_XBRL_TS_073afd1351a9488b88fb8c3271f30a6e" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer683" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:698px;height:367px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a119595" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Restricted financial assets<div style="display:inline-block;width:3.8px"> </div></div><div id="a119604" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:13.4px;">USD m </div><div id="a119607" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.995px;top:13.4px;">31.12.22 </div><div id="a119610" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:599.448px;top:13.4px;">31.12.21 </div><div id="a119614" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:444.235px;top:73px;">Restricted </div><div id="a119615" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:425.288px;top:84.8px;">financial assets </div><div id="a119617" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:487.275px;top:26.6px;">of which: assets </div><div id="a119618" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:505.755px;top:38px;">pledged as </div><div id="a119619" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:495.342px;top:49.8px;">collateral that </div><div id="a119620" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:492.008px;top:61.7px;">may be sold or </div><div id="a119621" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:498.182px;top:73px;">repledged by </div><div id="a119622" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:493.422px;top:84.8px;">counterparties </div><div id="a119625" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.662px;top:73px;">Restricted </div><div id="a119626" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:558.742px;top:84.8px;">financial assets </div><div id="a119628" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:620.728px;top:26.6px;">of which: assets </div><div id="a119629" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:639.168px;top:38px;">pledged as </div><div id="a119630" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.768px;top:49.8px;">collateral that </div><div id="a119631" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:625.462px;top:61.7px;">may be sold or </div><div id="a119632" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:631.128px;top:73px;">repledged by </div><div id="a119633" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:626.408px;top:84.8px;">counterparties </div><div id="a119635" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:98.1px;">Financial assets pledged as collateral </div><div id="a119644" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:112.3px;">Financial assets at fair value held for trading </div><div id="a119647_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:453.702px;top:112.3px;">57,377</div><div id="a119650_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:518.995px;top:112.3px;">36,742</div><div id="a119654_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.115px;top:112.3px;">63,725</div><div id="a119657_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:112.3px;">43,397</div><div id="a119660" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:126.5px;">Loans and advances to customers</div><div id="a119661" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:125.275px;top:127.1px;">1</div><div id="a119664_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:453.702px;top:126.5px;">15,195</div><div id="a119669_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.115px;top:126.5px;">18,160</div><div id="a119673" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:141.1px;">Financial assets at fair value not held for trading </div><div id="a119676_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:458.422px;top:141.1px;">1,509</div><div id="a119679_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:523.715px;top:141.1px;">1,220</div><div id="a119683_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.942px;top:141.1px;">961</div><div id="a119686_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.795px;top:141.1px;">961</div><div id="a119689" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:155.8px;">Debt securities classified as Other financial assets measured<div style="display:inline-block;width:3.93px"> </div>at amortized cost </div><div id="a119693_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:458.422px;top:155.8px;">3,432</div><div id="a119696_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:523.715px;top:155.8px;">2,685</div><div id="a119700_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.848px;top:155.8px;">2,234</div><div id="a119703_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:155.8px;">1,870</div><div id="a119706" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:169.5px;">Total financial assets pledged<div style="display:inline-block;width:3.85px"> </div>as collateral </div><div id="a119709_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:453.702px;top:169.5px;">77,513</div><div id="a119714_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.115px;top:169.5px;">85,079</div><div id="a119725" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:195.5px;">Other restricted financial assets </div><div id="a119733" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:210.2px;">Loans and advances to banks </div><div id="a119736_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:458.422px;top:210.2px;">3,689</div><div id="a119741_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.848px;top:210.2px;">3,408</div><div id="a119745" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:224.4px;">Financial assets at fair value held for trading </div><div id="a119748_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.515px;top:224.4px;">162</div><div id="a119753_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.942px;top:224.4px;">392</div><div id="a119757" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:238.6px;">Cash collateral receivables on derivative<div style="display:inline-block;width:3.86px"> </div>instruments </div><div id="a119760_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:458.422px;top:238.6px;">5,155</div><div id="a119765_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.848px;top:238.6px;">4,747</div><div id="a119769" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:253.3px;">Loans and advances to customers </div><div id="a119772_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:458.422px;top:253.3px;">1,127</div><div id="a119777_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.848px;top:253.3px;">1,237</div><div id="a119781" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:267.5px;">Financial assets at fair value not held for trading </div><div id="a119785_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:453.702px;top:267.5px;">14,478</div><div id="a119790_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.115px;top:267.5px;">22,765</div><div id="a119794" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:282.6px;">Financial assets measured at fair value through<div style="display:inline-block;width:4.15px"> </div>other comprehensive income </div><div id="a119797_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:458.422px;top:282.6px;">1,842</div><div id="a119802_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.942px;top:282.6px;">894</div><div id="a119806" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:295.9px;">Other </div><div id="a119809_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.515px;top:295.9px;">859</div><div id="a119814_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:604.182px;top:295.9px;">97</div><div id="a119818" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:309.6px;">Total other restricted<div style="display:inline-block;width:3.87px"> </div>financial assets<div style="display:inline-block;width:2.74px"> </div></div><div id="a119821_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:453.702px;top:309.6px;">27,312</div><div id="a119826_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.115px;top:309.6px;">33,540</div><div id="a119830" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:324.2px;">Total financial assets pledged<div style="display:inline-block;width:3.85px"> </div>and other restricted financial assets</div><div id="a119832" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:242.182px;top:324.9px;">2</div><div id="a119835_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:324.2px;">104,825</div><div id="a119840_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.395px;top:324.2px;">118,619</div><div id="a119844" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:338.3px;">1 Mainly related to mortgage<div style="display:inline-block;width:3.65px"> </div>loans that serve<div style="display:inline-block;width:3.62px"> </div>as collateral for existing<div style="display:inline-block;width:3.94px"> </div>liabilities toward<div style="display:inline-block;width:3.45px"> </div>Swiss central mortgage<div style="display:inline-block;width:4.32px"> </div>institutions and for existing<div style="display:inline-block;width:3.93px"> </div>covered bond issuances.<div style="display:inline-block;width:4.25px"> </div>Of these pledged<div style="display:inline-block;width:3.63px"> </div>mortgage loans,<div style="display:inline-block;width:3.46px"> </div>approximately </div><div id="a119847" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:348.7px;">USD </div><div id="a119847_4_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.812px;top:348.7px;">3.1</div><div id="a119847_7_63" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:29.216px;top:348.7px;">bn as<div style="display:inline-block;width:3.63px"> </div>of 31 December<div style="display:inline-block;width:3.65px"> </div>2022 (31<div style="display:inline-block;width:3.87px"> </div>December 2021:<div style="display:inline-block;width:3.52px"> </div>approximately<div style="display:inline-block;width:3.85px"> </div>USD </div><div id="a119847_70_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:252.582px;top:348.7px;">2.7</div><div id="a119847_73_138" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:262.985px;top:348.7px;">bn) could<div style="display:inline-block;width:3.78px"> </div>be withdrawn<div style="display:inline-block;width:3.79px"> </div>or used for<div style="display:inline-block;width:3.46px"> </div>future liabilities<div style="display:inline-block;width:4.41px"> </div>or covered bond<div style="display:inline-block;width:3.76px"> </div>issuances without<div style="display:inline-block;width:4.25px"> </div>breaching existing<div style="display:inline-block;width:3.94px"> </div>collateral requirements.<div style="display:inline-block;width:14.81px"> </div></div><div id="a119853" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:358.6px;">2 Does not include assets placed<div style="display:inline-block;width:3.65px"> </div>with central banks related<div style="display:inline-block;width:3.49px"> </div>to undrawn credit lines<div style="display:inline-block;width:3.79px"> </div>and for payment, clearing<div style="display:inline-block;width:3.49px"> </div>and settlement purposes<div style="display:inline-block;width:3.72px"> </div>(31 December 2022:<div style="display:inline-block;width:3.4px"> </div>USD </div><div id="a119853_157_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:511.359px;top:358.6px;">5.9</div><div id="a119853_160_26" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:522.236px;top:358.6px;">bn; 31 December 2021:<div style="display:inline-block;width:3.56px"> </div>USD </div><div id="a119853_186_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:614.582px;top:358.6px;">4.4</div><div id="a119853_189_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:625.458px;top:358.6px;">bn).</div></div></div></div> 57377000000 36742000000 63725000000 43397000000 15195000000 18160000000 1509000000 1220000000 961000000 961000000 3432000000 2685000000 2234000000 1870000000 77513000000 85079000000 3689000000 3408000000 162000000 392000000 5155000000 4747000000 1127000000 1237000000 14478000000 22765000000 1842000000 894000000 859000000 97000000 27312000000 33540000000 104825000000 118619000000 3100000000 2700000000 5900000000 4400000000 <div id="TextBlockContainer688" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:56px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a119956" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">b) Transferred financial assets that are<div style="display:inline-block;width:5.25px"> </div>not derecognized in their<div style="display:inline-block;width:5.13px"> </div>entirety </div><div id="a119962" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.3px;">The<div style="display:inline-block;width:6.35px"> </div>table<div style="display:inline-block;width:6.09px"> </div>below<div style="display:inline-block;width:6.55px"> </div>presents<div style="display:inline-block;width:6.58px"> </div>information<div style="display:inline-block;width:7.08px"> </div>for<div style="display:inline-block;width:6.04px"> </div>financial<div style="display:inline-block;width:6.55px"> </div>assets<div style="display:inline-block;width:6.65px"> </div>that<div style="display:inline-block;width:6.52px"> </div>have<div style="display:inline-block;width:6.15px"> </div>been<div style="display:inline-block;width:6.55px"> </div>transferred<div style="display:inline-block;width:7.02px"> </div>but<div style="display:inline-block;width:6.4px"> </div>are<div style="display:inline-block;width:6.23px"> </div>subject<div style="display:inline-block;width:7.09px"> </div>to<div style="display:inline-block;width:6.2px"> </div>continued </div><div id="a119968" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.9px;">recognition in full, as well as recognized<div style="display:inline-block;width:5.83px"> </div>liabilities associated with those transferred<div style="display:inline-block;width:5.41px"> </div>assets.</div></div><div id="TextBlockContainer692" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:195px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_690_XBRL_TS_4a01c2b8026343feb16c5b923c8bfe87" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer691" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:195px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a119972" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Transferred<div style="display:inline-block;width:4.22px"> </div>financial assets subject to continued recognition<div style="display:inline-block;width:4.46px"> </div>in full<div style="display:inline-block;width:3.42px"> </div></div><div id="a119974" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:15.8px;">USD m </div><div id="a119977" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:418.195px;top:15.8px;">31.12.22 </div><div id="a119980" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.288px;top:15.8px;">31.12.21 </div><div id="a119984" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:361.422px;top:41.3px;">Carrying amount </div><div id="a119986" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:373.235px;top:53.1px;">of transferred </div><div id="a119987" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:400.222px;top:65px;">assets </div><div id="a119989" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:441.875px;top:29.9px;">Carrying amount of<div style="display:inline-block;width:3.01px"> </div></div><div id="a119991" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:439.955px;top:41.3px;">associated liabilities<div style="display:inline-block;width:3.06px"> </div></div><div id="a119993" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:472.608px;top:53.1px;">recognized<div style="display:inline-block;width:2.66px"> </div></div><div id="a119995" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:450.382px;top:65px;">on balance sheet </div><div id="a119998" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:527.982px;top:41.3px;">Carrying amount </div><div id="a119999" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:53.1px;">of transferred </div><div id="a120000" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.315px;top:65px;">assets </div><div id="a120002" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:608.435px;top:29.9px;">Carrying amount of<div style="display:inline-block;width:3.01px"> </div></div><div id="a120004" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:606.542px;top:41.3px;">associated liabilities<div style="display:inline-block;width:3.03px"> </div></div><div id="a120006" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:638.702px;top:53.1px;">recognized<div style="display:inline-block;width:2.65px"> </div></div><div id="a120008" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.942px;top:65px;">on balance sheet </div><div id="a120010" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:77.7px;">Financial assets at fair value held for trading that<div style="display:inline-block;width:4.21px"> </div>may be sold or repledged by counterparties </div><div id="a120013_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:395.968px;top:77.7px;">36,742</div><div id="a120016_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:485.848px;top:77.7px;">16,470</div><div id="a120020_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:77.7px;">43,397</div><div id="a120023_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:77.7px;">17,687</div><div id="a120026" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:92.4px;">relating to securities lending and repurchase agreements in exchange<div style="display:inline-block;width:3.92px"> </div>for cash received </div><div id="a120029_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:395.968px;top:92.4px;">16,756</div><div id="a120032_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:485.848px;top:92.4px;">16,470</div><div id="a120036_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:562.062px;top:92.4px;">17,970</div><div id="a120039_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:92.4px;">17,687</div><div id="a120042" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:106.6px;">relating to securities lending agreements in exchange for<div style="display:inline-block;width:3.9px"> </div>securities received </div><div id="a120045_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:395.968px;top:106.6px;">18,908</div><div id="a120050_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:562.062px;top:106.6px;">24,146</div><div id="a120054" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:120.8px;">relating to other financial asset transfers </div><div id="a120057_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:400.702px;top:120.8px;">1,078</div><div id="a120062_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:566.782px;top:120.8px;">1,281</div><div id="a120066" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:134.5px;">Financial assets at fair value not held for trading<div style="display:inline-block;width:3.93px"> </div>that may be sold or repledged<div style="display:inline-block;width:3.7px"> </div>by </div><div id="a120068" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:146.3px;">counterparties </div><div id="a120071_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:400.702px;top:146.3px;">1,220</div><div id="a120074_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:490.582px;top:146.3px;">1,050</div><div id="a120078_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.875px;top:146.3px;">961</div><div id="a120081_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:146.3px;">898</div><div id="a120084" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:159.1px;">Debt securities classified as Other financial assets measured<div style="display:inline-block;width:3.93px"> </div>at amortized cost that may be </div><div id="a120085" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:170.9px;">sold or repledged by counterparties </div><div id="a120088_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:400.702px;top:170.9px;">2,685</div><div id="a120091_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:490.582px;top:170.9px;">2,302</div><div id="a120095_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:170.9px;">1,870</div><div id="a120098_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:170.9px;">1,725</div><div id="a120101" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:184.7px;">Total financial assets transferred </div><div id="a120105_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:395.968px;top:184.7px;">40,647</div><div id="a120108_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:485.848px;top:184.7px;">19,822</div><div id="a120112_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:184.7px;">46,227</div><div id="a120115_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:184.7px;">20,311</div></div></div></div><div id="TextBlockContainer694" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:350px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a120120" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Transactions<div style="display:inline-block;width:6.04px"> </div>in which<div style="display:inline-block;width:5.13px"> </div>financial assets<div style="display:inline-block;width:5.51px"> </div>are transferred,<div style="display:inline-block;width:6.37px"> </div>but continue<div style="display:inline-block;width:5.43px"> </div>to be<div style="display:inline-block;width:5.08px"> </div>recognized<div style="display:inline-block;width:5.59px"> </div>in their entirety<div style="display:inline-block;width:5.92px"> </div>on UBS’s<div style="display:inline-block;width:5.75px"> </div>balance </div><div id="a120121" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">sheet include<div style="display:inline-block;width:6.07px"> </div>securities lending<div style="display:inline-block;width:6.44px"> </div>and<div style="display:inline-block;width:5.13px"> </div>repurchase<div style="display:inline-block;width:5.35px"> </div>agreements,<div style="display:inline-block;width:5.07px"> </div>as well<div style="display:inline-block;width:5.72px"> </div>as other<div style="display:inline-block;width:6.22px"> </div>financial asset<div style="display:inline-block;width:5.46px"> </div>transfers. Repurchase<div style="display:inline-block;width:6.79px"> </div>and </div><div id="a120123" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.7px;">securities lending arrangements<div style="display:inline-block;width:1.85px"> </div>are, for the<div style="display:inline-block;width:2.24px"> </div>most part,<div style="display:inline-block;width:1.94px"> </div>conducted under standard market<div style="display:inline-block;width:2.13px"> </div>agreements and are undertaken </div><div id="a120126" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.4px;">with counterparties subject to UBS’s<div style="display:inline-block;width:5.21px"> </div>normal credit risk control processes.<div style="display:inline-block;width:6.26px"> </div></div><div id="a120128" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:58.1px;">›</div><div id="a120129" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:58.3px;"> </div><div id="a120130" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:62.9px;">Refer to Note 1a<div style="display:inline-block;width:1.57px"> </div>item 2e for more information<div style="display:inline-block;width:0.2px"> </div>about repurchase and securities<div style="display:inline-block;width:0.74px"> </div>lending agreements </div><div id="a120135" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:83.7px;">As of 31 December 2022,<div style="display:inline-block;width:5.24px"> </div>approximately </div><div id="a120135_38_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:238.617px;top:83.7px;">45</div><div id="a120135_40_79" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:253.818px;top:83.7px;">% of the transferred financial assets were<div style="display:inline-block;width:5.29px"> </div>assets held for trading transferred </div><div id="a120142" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:98.9px;">in<div style="display:inline-block;width:7.66px"> </div>exchange<div style="display:inline-block;width:7.77px"> </div>for<div style="display:inline-block;width:7.94px"> </div>cash,<div style="display:inline-block;width:7.72px"> </div>in<div style="display:inline-block;width:7.66px"> </div>which<div style="display:inline-block;width:7.77px"> </div>case<div style="display:inline-block;width:7.89px"> </div>the<div style="display:inline-block;width:7.62px"> </div>associated<div style="display:inline-block;width:8.08px"> </div>recognized </div><div id="a120143" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:398.618px;top:98.9px;">liability</div><div id="a120144" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:437.872px;top:98.9px;"> </div><div id="a120145" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:445.432px;top:98.9px;">represents<div style="display:inline-block;width:8.09px"> </div>the<div style="display:inline-block;width:7.62px"> </div>amount<div style="display:inline-block;width:7.87px"> </div>to<div style="display:inline-block;width:7.62px"> </div>be<div style="display:inline-block;width:7.77px"> </div>repaid<div style="display:inline-block;width:7.95px"> </div>to </div><div id="a120146" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:114px;">counterparties. For securities lending and repurchase agreements, a haircut of<div style="display:inline-block;width:2.24px"> </div>between </div><div id="a120146_87_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:498.397px;top:114px;">0</div><div id="a120146_88_6" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:505.963px;top:114px;">% and </div><div id="a120146_94_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:547.106px;top:114px;">15</div><div id="a120146_96_23" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:562.239px;top:114px;">% is generally<div style="display:inline-block;width:1.98px"> </div>applied </div><div id="a120155" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:129.6px;">to the transferred<div style="display:inline-block;width:5.91px"> </div>assets, which<div style="display:inline-block;width:5.73px"> </div>results in<div style="display:inline-block;width:5.53px"> </div>associated liabilities<div style="display:inline-block;width:5.77px"> </div>having<div style="display:inline-block;width:5.03px"> </div>a carrying<div style="display:inline-block;width:5.37px"> </div>amount<div style="display:inline-block;width:5.03px"> </div>below the<div style="display:inline-block;width:5.29px"> </div>carrying amount<div style="display:inline-block;width:5.67px"> </div>of </div><div id="a120158" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:144.8px;">the transferred<div style="display:inline-block;width:5.28px"> </div>assets. The<div style="display:inline-block;width:5.13px"> </div>counterparties to<div style="display:inline-block;width:5.29px"> </div>the associated<div style="display:inline-block;width:5.4px"> </div>liabilities presented<div style="display:inline-block;width:5.84px"> </div>in the<div style="display:inline-block;width:5.26px"> </div>table above have<div style="display:inline-block;width:5.56px"> </div>full recourse<div style="display:inline-block;width:5.33px"> </div>to </div><div id="a120160" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:160.4px;">UBS. </div><div id="a120162" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:183.1px;">In securities lending<div style="display:inline-block;width:6.64px"> </div>arrangements entered<div style="display:inline-block;width:5.69px"> </div>into in<div style="display:inline-block;width:5.08px"> </div>exchange for<div style="display:inline-block;width:5.88px"> </div>the receipt<div style="display:inline-block;width:5.18px"> </div>of other<div style="display:inline-block;width:5.93px"> </div>securities as<div style="display:inline-block;width:5.41px"> </div>collateral, neither<div style="display:inline-block;width:5.73px"> </div>the </div><div id="a120163" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:198.3px;">securities received nor<div style="display:inline-block;width:5.02px"> </div>the obligation to return<div style="display:inline-block;width:5.16px"> </div>them are recognized<div style="display:inline-block;width:5.3px"> </div>on UBS’s balance sheet,<div style="display:inline-block;width:5.63px"> </div>as the risks and rewards<div style="display:inline-block;width:5.54px"> </div>of </div><div id="a120165" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:213.9px;">ownership are<div style="display:inline-block;width:5.62px"> </div>not transferred to<div style="display:inline-block;width:5.64px"> </div>UBS. In<div style="display:inline-block;width:5.39px"> </div>cases where<div style="display:inline-block;width:5.12px"> </div>such financial assets<div style="display:inline-block;width:5.39px"> </div>received are<div style="display:inline-block;width:5.64px"> </div>subsequently sold<div style="display:inline-block;width:5.83px"> </div>or repledged </div><div id="a120166" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:229px;">in another transaction, this is not considered<div style="display:inline-block;width:5.73px"> </div>to be a transfer of financial assets. </div><div id="a120172" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:251.7px;">Other financial asset transfers primarily include securities transferred to collateralize derivative transactions, for which the </div><div id="a120174" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:266.8px;">carrying amount of<div style="display:inline-block;width:1.63px"> </div>associated liabilities is<div style="display:inline-block;width:1.56px"> </div>not provided in<div style="display:inline-block;width:2.09px"> </div>the table<div style="display:inline-block;width:1.99px"> </div>above,<div style="display:inline-block;width:3.33px"> </div>because those replacement<div style="display:inline-block;width:2.06px"> </div>values are<div style="display:inline-block;width:2.03px"> </div>managed </div><div id="a120181" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:282.5px;">on<div style="display:inline-block;width:5.13px"> </div>a portfolio<div style="display:inline-block;width:5.45px"> </div>basis across<div style="display:inline-block;width:5.78px"> </div>counterparties and<div style="display:inline-block;width:6.12px"> </div>product types,<div style="display:inline-block;width:5.85px"> </div>and therefore<div style="display:inline-block;width:5.51px"> </div>there is<div style="display:inline-block;width:5.39px"> </div>no direct<div style="display:inline-block;width:5.54px"> </div>relationship<div style="display:inline-block;width:5.21px"> </div>between<div style="display:inline-block;width:5.08px"> </div>the </div><div id="a120183" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:297.6px;">specific collateral pledged and<div style="display:inline-block;width:5.49px"> </div>the associated liability. </div><div id="a120185" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:320.8px;">Transferred financial assets that are not<div style="display:inline-block;width:5.21px"> </div>subject to derecognition<div style="display:inline-block;width:5.24px"> </div>in full but remain on the balance<div style="display:inline-block;width:5.41px"> </div>sheet to the extent of </div><div id="a120190" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:335.9px;">the Group’s continuing involvement were<div style="display:inline-block;width:5.2px"> </div>not material as of 31 December<div style="display:inline-block;width:5.24px"> </div>2022 and as of 31<div style="display:inline-block;width:5.07px"> </div>December 2021.</div></div> <div id="TextBlockContainer691" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:195px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a119972" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Transferred<div style="display:inline-block;width:4.22px"> </div>financial assets subject to continued recognition<div style="display:inline-block;width:4.46px"> </div>in full<div style="display:inline-block;width:3.42px"> </div></div><div id="a119974" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:15.8px;">USD m </div><div id="a119977" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:418.195px;top:15.8px;">31.12.22 </div><div id="a119980" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.288px;top:15.8px;">31.12.21 </div><div id="a119984" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:361.422px;top:41.3px;">Carrying amount </div><div id="a119986" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:373.235px;top:53.1px;">of transferred </div><div id="a119987" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:400.222px;top:65px;">assets </div><div id="a119989" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:441.875px;top:29.9px;">Carrying amount of<div style="display:inline-block;width:3.01px"> </div></div><div id="a119991" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:439.955px;top:41.3px;">associated liabilities<div style="display:inline-block;width:3.06px"> </div></div><div id="a119993" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:472.608px;top:53.1px;">recognized<div style="display:inline-block;width:2.66px"> </div></div><div id="a119995" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:450.382px;top:65px;">on balance sheet </div><div id="a119998" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:527.982px;top:41.3px;">Carrying amount </div><div id="a119999" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:53.1px;">of transferred </div><div id="a120000" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.315px;top:65px;">assets </div><div id="a120002" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:608.435px;top:29.9px;">Carrying amount of<div style="display:inline-block;width:3.01px"> </div></div><div id="a120004" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:606.542px;top:41.3px;">associated liabilities<div style="display:inline-block;width:3.03px"> </div></div><div id="a120006" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:638.702px;top:53.1px;">recognized<div style="display:inline-block;width:2.65px"> </div></div><div id="a120008" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.942px;top:65px;">on balance sheet </div><div id="a120010" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:77.7px;">Financial assets at fair value held for trading that<div style="display:inline-block;width:4.21px"> </div>may be sold or repledged by counterparties </div><div id="a120013_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:395.968px;top:77.7px;">36,742</div><div id="a120016_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:485.848px;top:77.7px;">16,470</div><div id="a120020_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:77.7px;">43,397</div><div id="a120023_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:77.7px;">17,687</div><div id="a120026" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:92.4px;">relating to securities lending and repurchase agreements in exchange<div style="display:inline-block;width:3.92px"> </div>for cash received </div><div id="a120029_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:395.968px;top:92.4px;">16,756</div><div id="a120032_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:485.848px;top:92.4px;">16,470</div><div id="a120036_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:562.062px;top:92.4px;">17,970</div><div id="a120039_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:92.4px;">17,687</div><div id="a120042" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:106.6px;">relating to securities lending agreements in exchange for<div style="display:inline-block;width:3.9px"> </div>securities received </div><div id="a120045_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:395.968px;top:106.6px;">18,908</div><div id="a120050_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:562.062px;top:106.6px;">24,146</div><div id="a120054" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:120.8px;">relating to other financial asset transfers </div><div id="a120057_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:400.702px;top:120.8px;">1,078</div><div id="a120062_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:566.782px;top:120.8px;">1,281</div><div id="a120066" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:134.5px;">Financial assets at fair value not held for trading<div style="display:inline-block;width:3.93px"> </div>that may be sold or repledged<div style="display:inline-block;width:3.7px"> </div>by </div><div id="a120068" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:146.3px;">counterparties </div><div id="a120071_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:400.702px;top:146.3px;">1,220</div><div id="a120074_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:490.582px;top:146.3px;">1,050</div><div id="a120078_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.875px;top:146.3px;">961</div><div id="a120081_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:146.3px;">898</div><div id="a120084" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:159.1px;">Debt securities classified as Other financial assets measured<div style="display:inline-block;width:3.93px"> </div>at amortized cost that may be </div><div id="a120085" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:170.9px;">sold or repledged by counterparties </div><div id="a120088_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:400.702px;top:170.9px;">2,685</div><div id="a120091_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:490.582px;top:170.9px;">2,302</div><div id="a120095_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:170.9px;">1,870</div><div id="a120098_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:170.9px;">1,725</div><div id="a120101" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:184.7px;">Total financial assets transferred </div><div id="a120105_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:395.968px;top:184.7px;">40,647</div><div id="a120108_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:485.848px;top:184.7px;">19,822</div><div id="a120112_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:184.7px;">46,227</div><div id="a120115_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:184.7px;">20,311</div></div> 36742000000 16470000000 43397000000 17687000000 16756000000 16470000000 17970000000 17687000000 18908000000 24146000000 1078000000 1281000000 1220000000 1050000000 961000000 898000000 2685000000 2302000000 1870000000 1725000000 40647000000 19822000000 46227000000 20311000000 0.45 0 0.15 <div id="TextBlockContainer696" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:125px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a120243" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">c) Transferred financial assets that<div style="display:inline-block;width:5.27px"> </div>are derecognized in their entirety<div style="display:inline-block;width:5.48px"> </div>with continuing involvement </div><div id="a120248" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.8px;">Continuing involvement<div style="display:inline-block;width:5.05px"> </div>in a transferred<div style="display:inline-block;width:5.43px"> </div>and fully derecognized<div style="display:inline-block;width:6.04px"> </div>financial asset may result<div style="display:inline-block;width:5.39px"> </div>from contractual provisions<div style="display:inline-block;width:6.09px"> </div>in </div><div id="a120249" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.9px;">the particular transfer<div style="display:inline-block;width:5.58px"> </div>agreement or<div style="display:inline-block;width:5.54px"> </div>from a separate<div style="display:inline-block;width:5.81px"> </div>agreement, with<div style="display:inline-block;width:5.87px"> </div>the counterparty<div style="display:inline-block;width:5.15px"> </div>or a<div style="display:inline-block;width:5.36px"> </div>third party,<div style="display:inline-block;width:5.13px"> </div>entered into<div style="display:inline-block;width:5.32px"> </div>in </div><div id="a120251" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:58.5px;">connection with the transfer.<div style="display:inline-block;width:5.13px"> </div></div><div id="a120253" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:81.2px;">The fair value and carrying amount of UBS’s<div style="display:inline-block;width:5.05px"> </div>continuing involvement from transferred positions<div style="display:inline-block;width:5.46px"> </div>as of 31 December 2022 </div><div id="a120256" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:96.3px;">and 31 December 2021 was not material. Life-to-date losses<div style="display:inline-block;width:5.16px"> </div>reported in prior periods primarily relate<div style="display:inline-block;width:5.18px"> </div>to legacy positions </div><div id="a120265" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:111.5px;">in securitization vehicles that have been<div style="display:inline-block;width:5.24px"> </div>fully marked down, with no<div style="display:inline-block;width:5.47px"> </div>remaining exposure to loss.</div></div> <div id="TextBlockContainer698" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:56px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a120269" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">d) Off-balance sheet assets received </div><div id="a120276" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.8px;">The table below presents assets received from third parties<div style="display:inline-block;width:5.14px"> </div>that can be sold or repledged and that are not recognized on </div><div id="a120278" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.9px;">the balance sheet, but that are held<div style="display:inline-block;width:5.29px"> </div>as collateral, including<div style="display:inline-block;width:5.12px"> </div>amounts that have been sold or repledged.</div></div><div id="TextBlockContainer701" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:692px;height:171px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a120283" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Off-balance sheet assets received </div><div id="a120289" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:17.7px;">USD m </div><div id="a120291" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:584.288px;top:17.7px;">31.12.22 </div><div id="a120293" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.315px;top:17.7px;">31.12.21 </div><div id="a120295" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:32.3px;">Fair value of assets received that can<div style="display:inline-block;width:3.84px"> </div>be sold or repledged </div><div id="a120298_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:586.648px;top:32.3px;">434,023</div><div id="a120301_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.688px;top:32.3px;">497,828</div><div id="a120304" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:46.1px;">received as collateral under reverse repurchase,<div style="display:inline-block;width:4.22px"> </div>securities borrowing<div style="display:inline-block;width:3.18px"> </div></div><div id="a120306" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:57.4px;">and lending arrangements, derivative and<div style="display:inline-block;width:3.8px"> </div>other transactions</div><div id="a120307" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:234.142px;top:58.1px;"><div style="display:inline-block;width:1.41px"> </div>1</div><div id="a120310_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:586.648px;top:57.4px;">418,847</div><div id="a120313_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:647.688px;top:57.4px;">483,426</div><div id="a120316" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:71.1px;">received in unsecured borrowings </div><div id="a120319_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:591.382px;top:71.1px;">15,175</div><div id="a120322_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:652.448px;top:71.1px;">14,402</div><div id="a120325" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:84.8px;">Thereof sold or repledged</div><div id="a120326" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:96.902px;top:85.5px;"><div style="display:inline-block;width:1.43px"> </div>2</div><div id="a120329_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:586.648px;top:84.8px;">331,805</div><div id="a120332_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.688px;top:84.8px;">367,440</div><div id="a120335" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:99px;">in connection with financing activities </div><div id="a120337_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:586.648px;top:99px;">288,752</div><div id="a120340_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:647.688px;top:99px;">319,176</div><div id="a120343" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:113.7px;">to satisfy commitments under short sale transactions </div><div id="a120345_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:591.382px;top:113.7px;">29,515</div><div id="a120348_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:652.448px;top:113.7px;">31,688</div><div id="a120351" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:127.9px;">in connection with derivative and other<div style="display:inline-block;width:4.01px"> </div>transactions</div><div id="a120353" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:203.848px;top:128.5px;"><div style="display:inline-block;width:1.41px"> </div>1</div><div id="a120356_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:591.382px;top:127.9px;">13,538</div><div id="a120359_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:652.448px;top:127.9px;">16,575</div><div id="a120362" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:142.5px;">1 Includes securities received as<div style="display:inline-block;width:3.49px"> </div>initial margin from its clients<div style="display:inline-block;width:3.92px"> </div>that UBS is required to remit<div style="display:inline-block;width:3.79px"> </div>to central counterparties,<div style="display:inline-block;width:4.26px"> </div>brokers and deposit<div style="display:inline-block;width:3.7px"> </div>banks through its exchange<div style="display:inline-block;width:1.37px"> </div>-traded derivative<div style="display:inline-block;width:3.61px"> </div>clearing and execution<div style="display:inline-block;width:3.73px"> </div>services.<div style="display:inline-block;width:7.09px"> </div></div><div id="a120367" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:152.4px;">2 Does not include off-balance<div style="display:inline-block;width:4.19px"> </div>sheet securities (31 December<div style="display:inline-block;width:3.97px"> </div>2022: USD </div><div id="a120367_71_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:235.465px;top:152.4px;">9.9</div><div id="a120367_74_26" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:246.342px;top:152.4px;">bn; 31 December 2021:<div style="display:inline-block;width:3.56px"> </div>USD </div><div id="a120367_100_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:339.031px;top:152.4px;">12.7</div><div id="a120367_104_103" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:353.691px;top:152.4px;">bn) placed with central<div style="display:inline-block;width:3.97px"> </div>banks related to undrawn<div style="display:inline-block;width:4.02px"> </div>credit lines and for<div style="display:inline-block;width:3.95px"> </div>payment, clearing and<div style="display:inline-block;width:3.65px"> </div>settlement </div><div id="a120371" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:162.3px;">purposes for which there are no associated<div style="display:inline-block;width:4.03px"> </div>liabilities or contingent liabilities.</div></div> <div id="TextBlockContainer702" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:692px;height:171px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_700_XBRL_TS_569b7bc58fd145799096324eb51a17fb" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer701" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:692px;height:171px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a120283" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Off-balance sheet assets received </div><div id="a120289" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:17.7px;">USD m </div><div id="a120291" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:584.288px;top:17.7px;">31.12.22 </div><div id="a120293" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.315px;top:17.7px;">31.12.21 </div><div id="a120295" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:32.3px;">Fair value of assets received that can<div style="display:inline-block;width:3.84px"> </div>be sold or repledged </div><div id="a120298_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:586.648px;top:32.3px;">434,023</div><div id="a120301_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.688px;top:32.3px;">497,828</div><div id="a120304" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:46.1px;">received as collateral under reverse repurchase,<div style="display:inline-block;width:4.22px"> </div>securities borrowing<div style="display:inline-block;width:3.18px"> </div></div><div id="a120306" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:57.4px;">and lending arrangements, derivative and<div style="display:inline-block;width:3.8px"> </div>other transactions</div><div id="a120307" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:234.142px;top:58.1px;"><div style="display:inline-block;width:1.41px"> </div>1</div><div id="a120310_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:586.648px;top:57.4px;">418,847</div><div id="a120313_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:647.688px;top:57.4px;">483,426</div><div id="a120316" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:71.1px;">received in unsecured borrowings </div><div id="a120319_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:591.382px;top:71.1px;">15,175</div><div id="a120322_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:652.448px;top:71.1px;">14,402</div><div id="a120325" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:84.8px;">Thereof sold or repledged</div><div id="a120326" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:96.902px;top:85.5px;"><div style="display:inline-block;width:1.43px"> </div>2</div><div id="a120329_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:586.648px;top:84.8px;">331,805</div><div id="a120332_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.688px;top:84.8px;">367,440</div><div id="a120335" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:99px;">in connection with financing activities </div><div id="a120337_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:586.648px;top:99px;">288,752</div><div id="a120340_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:647.688px;top:99px;">319,176</div><div id="a120343" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:113.7px;">to satisfy commitments under short sale transactions </div><div id="a120345_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:591.382px;top:113.7px;">29,515</div><div id="a120348_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:652.448px;top:113.7px;">31,688</div><div id="a120351" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:127.9px;">in connection with derivative and other<div style="display:inline-block;width:4.01px"> </div>transactions</div><div id="a120353" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:203.848px;top:128.5px;"><div style="display:inline-block;width:1.41px"> </div>1</div><div id="a120356_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:591.382px;top:127.9px;">13,538</div><div id="a120359_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:652.448px;top:127.9px;">16,575</div><div id="a120362" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:142.5px;">1 Includes securities received as<div style="display:inline-block;width:3.49px"> </div>initial margin from its clients<div style="display:inline-block;width:3.92px"> </div>that UBS is required to remit<div style="display:inline-block;width:3.79px"> </div>to central counterparties,<div style="display:inline-block;width:4.26px"> </div>brokers and deposit<div style="display:inline-block;width:3.7px"> </div>banks through its exchange<div style="display:inline-block;width:1.37px"> </div>-traded derivative<div style="display:inline-block;width:3.61px"> </div>clearing and execution<div style="display:inline-block;width:3.73px"> </div>services.<div style="display:inline-block;width:7.09px"> </div></div><div id="a120367" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:152.4px;">2 Does not include off-balance<div style="display:inline-block;width:4.19px"> </div>sheet securities (31 December<div style="display:inline-block;width:3.97px"> </div>2022: USD </div><div id="a120367_71_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:235.465px;top:152.4px;">9.9</div><div id="a120367_74_26" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:246.342px;top:152.4px;">bn; 31 December 2021:<div style="display:inline-block;width:3.56px"> </div>USD </div><div id="a120367_100_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:339.031px;top:152.4px;">12.7</div><div id="a120367_104_103" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:353.691px;top:152.4px;">bn) placed with central<div style="display:inline-block;width:3.97px"> </div>banks related to undrawn<div style="display:inline-block;width:4.02px"> </div>credit lines and for<div style="display:inline-block;width:3.95px"> </div>payment, clearing and<div style="display:inline-block;width:3.65px"> </div>settlement </div><div id="a120371" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:162.3px;">purposes for which there are no associated<div style="display:inline-block;width:4.03px"> </div>liabilities or contingent liabilities.</div></div></div></div> 434023000000 497828000000 418847000000 483426000000 15175000000 14402000000 331805000000 367440000000 288752000000 319176000000 29515000000 31688000000 13538000000 16575000000 9900000000 12700000000 <div id="TextBlockContainer704" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:337px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a120378" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 23<div style="display:inline-block;width:8.2px"> </div>Maturity analysis of assets and liabilities </div><div id="a120384" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:16.9px;"> </div><div id="a120385" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:4.905px;top:29.8px;">a) Maturity analysis of carrying<div style="display:inline-block;width:5.32px"> </div>amounts of assets and liabilities </div><div id="a120387" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:57.1px;">The table<div style="display:inline-block;width:5.93px"> </div>below<div style="display:inline-block;width:5.13px"> </div>provides<div style="display:inline-block;width:5.16px"> </div>an analysis<div style="display:inline-block;width:5.4px"> </div>of carrying<div style="display:inline-block;width:5.89px"> </div>amounts<div style="display:inline-block;width:5.08px"> </div>of balance<div style="display:inline-block;width:5.45px"> </div>sheet assets<div style="display:inline-block;width:5.87px"> </div>and<div style="display:inline-block;width:5.13px"> </div>liabilities, as<div style="display:inline-block;width:5.4px"> </div>well as<div style="display:inline-block;width:5.72px"> </div>off-balance </div><div id="a120390" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:72.2px;">sheet<div style="display:inline-block;width:5.3px"> </div>exposures<div style="display:inline-block;width:5.79px"> </div>by<div style="display:inline-block;width:5.2px"> </div>residual<div style="display:inline-block;width:5.53px"> </div>contractual<div style="display:inline-block;width:5.48px"> </div>maturity<div style="display:inline-block;width:5.43px"> </div>as<div style="display:inline-block;width:5.25px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.3px"> </div>reporting<div style="display:inline-block;width:5.72px"> </div>date.<div style="display:inline-block;width:5.36px"> </div>The<div style="display:inline-block;width:5.4px"> </div>residual<div style="display:inline-block;width:5.53px"> </div>contractual maturity<div style="display:inline-block;width:6.59px"> </div>of<div style="display:inline-block;width:5.25px"> </div>assets </div><div id="a120400" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:87.8px;">includes the<div style="display:inline-block;width:5.13px"> </div>effect of callable features.<div style="display:inline-block;width:6.03px"> </div>The residual<div style="display:inline-block;width:5.37px"> </div>contractual maturity of liabilities<div style="display:inline-block;width:5.47px"> </div>and off-balance<div style="display:inline-block;width:5.41px"> </div>sheet exposures<div style="display:inline-block;width:5.52px"> </div>is </div><div id="a120408" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:103px;">based on the earliest date on<div style="display:inline-block;width:5.2px"> </div>which a third party could require<div style="display:inline-block;width:5.36px"> </div>UBS to pay. </div><div id="a120413" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:126.2px;">Derivative financial instruments<div style="display:inline-block;width:5.79px"> </div>and financial assets<div style="display:inline-block;width:5.54px"> </div>and liabilities at<div style="display:inline-block;width:5.36px"> </div>fair value held<div style="display:inline-block;width:5.67px"> </div>for trading are<div style="display:inline-block;width:5.72px"> </div>presented in<div style="display:inline-block;width:5.07px"> </div>the </div><div id="a120419" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:663.125px;top:125.9px;">Due </div><div id="a120420" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:141px;">within 1 month</div><div id="a120421" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:93.405px;top:141.3px;"><div style="display:inline-block;width:3.79px"> </div>column;<div style="display:inline-block;width:4.06px"> </div>however, the respective contractual maturities may<div style="display:inline-block;width:5.19px"> </div>extend over significantly longer<div style="display:inline-block;width:5.29px"> </div>periods. </div><div id="a120429" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:164px;">Assets held to hedge unit-linked investment contracts (presented within </div><div id="a120432" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:412.805px;top:163.8px;">Financial assets at fair value not held for<div style="display:inline-block;width:2.11px"> </div>trading</div><div id="a120434" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:682.045px;top:164px;">) </div><div id="a120435" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:179.1px;">are<div style="display:inline-block;width:5.32px"> </div>presented<div style="display:inline-block;width:5.79px"> </div>in<div style="display:inline-block;width:5.33px"> </div>the </div><div id="a120438" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:127.925px;top:178.9px;">Due<div style="display:inline-block;width:5.56px"> </div>within 1<div style="display:inline-block;width:6.6px"> </div>month</div><div id="a120439" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:246.712px;top:179.1px;"><div style="display:inline-block;width:5.21px"> </div>column,<div style="display:inline-block;width:5.45px"> </div>consistent<div style="display:inline-block;width:5.29px"> </div>with<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>maturity assigned<div style="display:inline-block;width:7.08px"> </div>to<div style="display:inline-block;width:5.25px"> </div>the related<div style="display:inline-block;width:6.33px"> </div>amounts<div style="display:inline-block;width:5.55px"> </div>due </div><div id="a120441" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:194.3px;">under unit-linked investment contracts (presented<div style="display:inline-block;width:5.79px"> </div>within </div><div id="a120444" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:330.925px;top:194px;">Other financial liabilities designated<div style="display:inline-block;width:5.11px"> </div>at fair value</div><div id="a120446" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:602.538px;top:194.3px;">). </div><div id="a120448" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:217.5px;">Other financial assets and liabilities with no contractual maturity, such<div style="display:inline-block;width:5.06px"> </div>as equity securities, are presented in the </div><div id="a120452" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:632.832px;top:217.2px;">Perpetual </div><div id="a120453" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:232.4px;">/ Not applicable</div><div id="a120454" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:93.405px;top:232.6px;"><div style="display:inline-block;width:3.79px"> </div>column.<div style="display:inline-block;width:4.07px"> </div>Undated or perpetual instruments are classified based on the contractual notice period<div style="display:inline-block;width:5.38px"> </div>that the </div><div id="a120458" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:247.7px;">counterparty<div style="display:inline-block;width:5.47px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>instrument<div style="display:inline-block;width:5.14px"> </div>is<div style="display:inline-block;width:5.15px"> </div>entitled<div style="display:inline-block;width:5.09px"> </div>to<div style="display:inline-block;width:5.25px"> </div>give.<div style="display:inline-block;width:5.2px"> </div>Where<div style="display:inline-block;width:5.29px"> </div>there<div style="display:inline-block;width:5.34px"> </div>is no<div style="display:inline-block;width:6.6px"> </div>contractual notice<div style="display:inline-block;width:6.31px"> </div>period,<div style="display:inline-block;width:5.66px"> </div>undated<div style="display:inline-block;width:5.38px"> </div>or<div style="display:inline-block;width:5.25px"> </div>perpetual </div><div id="a120459" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:263.3px;">contracts are presented in<div style="display:inline-block;width:5.03px"> </div>the </div><div id="a120463" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:178.085px;top:263.1px;">Perpetual / Not applicable</div><div id="a120464" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:323.832px;top:263.3px;"><div style="display:inline-block;width:3.79px"> </div>column. </div><div id="a120468" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:286.1px;">Non-financial assets<div style="display:inline-block;width:5.47px"> </div>and liabilities<div style="display:inline-block;width:5.66px"> </div>with no<div style="display:inline-block;width:5.29px"> </div>contractual maturity<div style="display:inline-block;width:6.12px"> </div>are generally<div style="display:inline-block;width:5.42px"> </div>included<div style="display:inline-block;width:5.13px"> </div>in the </div><div id="a120472" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:537.245px;top:285.8px;">Perpetual /<div style="display:inline-block;width:5.4px"> </div>Not applicable</div><div id="a120473" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:685.352px;top:286.1px;"> </div><div id="a120474" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:301.2px;">column. </div><div id="a120477" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:323.9px;">Loan commitments are classified based<div style="display:inline-block;width:5.37px"> </div>on the earliest date they can be drawn<div style="display:inline-block;width:5.42px"> </div>down.</div></div><div id="TextBlockContainer708" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#9A3D37;line-height:normal;width:687px;height:437px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_706_XBRL_TS_52d0e8dc885e4a0da884f20798aa0028" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer707" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#9A3D37;line-height:normal;width:687px;height:437px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a120530" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.977px;top:0px;">31.12.22 </div><div id="a120532" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.181px;top:36px;">USD bn </div><div id="a120534" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.99px;top:24.2px;">Due within<div style="display:inline-block;width:2.96px"> </div></div><div id="a120536" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:253.977px;top:36px;">1 month </div><div id="a120538" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:296.097px;top:12.8px;">Due between<div style="display:inline-block;width:2.85px"> </div></div><div id="a120540" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.43px;top:24.2px;">1 and 3 </div><div id="a120541" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:317.857px;top:36px;">months </div><div id="a120543" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.19px;top:12.8px;">Due between<div style="display:inline-block;width:2.84px"> </div></div><div id="a120545" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.79px;top:24.2px;">3 and 12 </div><div id="a120546" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.95px;top:36px;">months </div><div id="a120548" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.91px;top:24.2px;">Due between<div style="display:inline-block;width:2.85px"> </div></div><div id="a120550" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.444px;top:36px;">1 and 2 years </div><div id="a120552" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.484px;top:24.2px;">Due between<div style="display:inline-block;width:2.84px"> </div></div><div id="a120554" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.004px;top:36px;">2 and 5 years </div><div id="a120556" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.497px;top:24.2px;">Due over<div style="display:inline-block;width:2.84px"> </div></div><div id="a120558" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:551.15px;top:36px;">5 years </div><div id="a120560" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:12.8px;">Perpetual / </div><div id="a120561" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.03px;top:24.2px;">Not </div><div id="a120562" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.35px;top:36px;">applicable </div><div id="a120564" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.35px;top:36px;">Total </div><div id="a120575" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:52.5px;">Assets </div><div id="a120585" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:64.8px;">Total financial assets measured at<div style="display:inline-block;width:3.75px"> </div>amortized cost</div><div id="a120587" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:181.59px;top:65.5px;">1</div><div id="a120589_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:262.964px;top:64.8px;">422.6</div><div id="a120592_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:327.79px;top:64.8px;">28.7</div><div id="a120595_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:387.87px;top:64.8px;">34.4</div><div id="a120598_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:445.63px;top:64.8px;">78.7</div><div id="a120601_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.19px;top:64.8px;">70.4</div><div id="a120604_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:560.137px;top:64.8px;">92.7</div><div id="a120608_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:658.564px;top:64.8px;">727.6</div><div id="a120611" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.181px;top:77.1px;">Loans and advances to customers </div><div id="a120613_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:262.964px;top:77.1px;">139.4</div><div id="a120616_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:327.79px;top:77.1px;">16.3</div><div id="a120619_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:387.87px;top:77.1px;">28.3</div><div id="a120622_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:445.63px;top:77.1px;">74.9</div><div id="a120625_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:506.19px;top:77.1px;">55.5</div><div id="a120628_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:560.137px;top:77.1px;">72.9</div><div id="a120632_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:658.564px;top:77.1px;">387.2</div><div id="a120635" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:89.9px;">Total financial assets measured at fair value through<div style="display:inline-block;width:4.45px"> </div>profit or </div><div id="a120636" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:101.7px;">loss </div><div id="a120638_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:262.964px;top:101.7px;">300.2</div><div id="a120641_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:327.79px;top:101.7px;">10.0</div><div id="a120644_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:393.11px;top:101.7px;">7.8</div><div id="a120647_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:450.83px;top:101.7px;">3.6</div><div id="a120650_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:511.404px;top:101.7px;">9.9</div><div id="a120653_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:565.337px;top:101.7px;">2.0</div><div id="a120656_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:616.444px;top:101.7px;">1.9</div><div id="a120659_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:658.564px;top:101.7px;">335.3</div><div id="a120662" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.181px;top:114px;">Financial assets at fair value not held for trading </div><div id="a120664_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:267.697px;top:114px;">24.6</div><div id="a120667_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:327.79px;top:114px;">10.0</div><div id="a120670_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:393.11px;top:114px;">7.8</div><div id="a120673_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:450.83px;top:114px;">3.6</div><div id="a120676_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:511.404px;top:114px;">9.9</div><div id="a120679_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:565.337px;top:114px;">2.0</div><div id="a120682_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:616.444px;top:114px;">1.9</div><div id="a120685_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:663.297px;top:114px;">59.8</div><div id="a120688" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:126.3px;">Financial assets measured at fair value through<div style="display:inline-block;width:4.15px"> </div>other </div><div id="a120689" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:138.1px;">comprehensive income</div><div id="a120690" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:85.524px;top:138.8px;">1</div><div id="a120692_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:272.897px;top:138.1px;">0.3</div><div id="a120695_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.99px;top:138.1px;">0.9</div><div id="a120698_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:393.11px;top:138.1px;">0.9</div><div id="a120701_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:450.83px;top:138.1px;">0.1</div><div id="a120704_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:511.404px;top:138.1px;">0.0</div><div id="a120707_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:565.337px;top:138.1px;">0.0</div><div id="a120711_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.497px;top:138.1px;">2.2</div><div id="a120714" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:150.4px;">Total non-financial assets </div><div id="a120718_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:272.897px;top:150.4px;">7.6</div><div id="a120722_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:393.11px;top:150.4px;">0.2</div><div id="a120726_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:511.404px;top:150.4px;">2.0</div><div id="a120729_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:565.337px;top:150.4px;">0.4</div><div id="a120732_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:611.244px;top:150.4px;">29.0</div><div id="a120735_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.297px;top:150.4px;">39.2</div><div id="a120738" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:162.7px;">Total assets </div><div id="a120740_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.964px;top:162.7px;">730.7</div><div id="a120743_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:162.7px;">39.6</div><div id="a120746_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.87px;top:162.7px;">43.4</div><div id="a120749_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:445.63px;top:162.7px;">82.4</div><div id="a120752_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.19px;top:162.7px;">82.3</div><div id="a120755_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.137px;top:162.7px;">95.1</div><div id="a120758_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:611.244px;top:162.7px;">31.0</div><div id="a120761_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:162.7px;">1,104.4</div><div id="a120773" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:179.8px;">Liabilities </div><div id="a120783" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:192.1px;">Total financial liabilities measured at amortized<div style="display:inline-block;width:3.92px"> </div>cost </div><div id="a120785_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:262.964px;top:192.1px;">521.9</div><div id="a120788_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:327.79px;top:192.1px;">40.0</div><div id="a120791_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:387.87px;top:192.1px;">49.6</div><div id="a120794_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:445.63px;top:192.1px;">20.5</div><div id="a120797_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.19px;top:192.1px;">35.1</div><div id="a120800_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:560.137px;top:192.1px;">23.4</div><div id="a120803_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:611.244px;top:192.1px;">11.1</div><div id="a120806_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:658.564px;top:192.1px;">701.5</div><div id="a120809" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.181px;top:205.3px;">Customer deposits </div><div id="a120811_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:262.964px;top:205.3px;">463.0</div><div id="a120814_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:327.79px;top:205.3px;">28.3</div><div id="a120817_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:387.87px;top:205.3px;">23.8</div><div id="a120820_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:450.83px;top:205.3px;">7.5</div><div id="a120823_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:511.404px;top:205.3px;">2.2</div><div id="a120826_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:565.337px;top:205.3px;">0.3</div><div id="a120830_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:658.564px;top:205.3px;">525.1</div><div id="a120833" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.181px;top:218.1px;">Debt issued measured at amortized cost </div><div id="a120835_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:272.897px;top:218.1px;">6.6</div><div id="a120838_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:332.99px;top:218.1px;">8.8</div><div id="a120841_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:387.87px;top:218.1px;">23.3</div><div id="a120844_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:445.63px;top:218.1px;">11.9</div><div id="a120847_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:506.19px;top:218.1px;">31.1</div><div id="a120850_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:560.137px;top:218.1px;">21.9</div><div id="a120853_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:611.244px;top:218.1px;">11.1</div><div id="a120856_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:658.564px;top:218.1px;">114.6</div><div id="a120859" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:231.3px;">of which: non-subordinated fixed rate debt </div><div id="a120863_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:272.897px;top:231.3px;">3.1</div><div id="a120866_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:332.99px;top:231.3px;">4.0</div><div id="a120869_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:387.87px;top:231.3px;">13.2</div><div id="a120872_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:450.83px;top:231.3px;">7.6</div><div id="a120875_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:506.19px;top:231.3px;">28.4</div><div id="a120878_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:560.137px;top:231.3px;">21.9</div><div id="a120882_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:663.297px;top:231.3px;">78.1</div><div id="a120885" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:244.6px;">of which: non-subordinated floating rate debt </div><div id="a120889_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:272.897px;top:244.6px;">1.5</div><div id="a120892_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:332.99px;top:244.6px;">4.8</div><div id="a120895_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:387.87px;top:244.6px;">10.1</div><div id="a120898_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:450.83px;top:244.6px;">1.9</div><div id="a120901_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:511.404px;top:244.6px;">2.2</div><div id="a120904_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:565.337px;top:244.6px;">0.0</div><div id="a120908_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:663.297px;top:244.6px;">20.5</div><div id="a120911" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:257.4px;">of which: subordinated fixed-rate debt </div><div id="a120915_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:272.897px;top:257.4px;">2.0</div><div id="a120920_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:450.83px;top:257.4px;">2.4</div><div id="a120923_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:511.404px;top:257.4px;">0.5</div><div id="a120927_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:611.244px;top:257.4px;">11.1</div><div id="a120930_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:663.297px;top:257.4px;">16.0</div><div id="a120933" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:269.7px;">Total financial liabilities measured at fair value<div style="display:inline-block;width:3.87px"> </div>through </div><div id="a120934" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:281.5px;">profit or loss</div><div id="a120939" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:48.14px;top:282.1px;">2</div><div id="a120941_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:262.964px;top:281.5px;">265.9</div><div id="a120944_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:327.79px;top:281.5px;">13.8</div><div id="a120947_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:387.87px;top:281.5px;">16.3</div><div id="a120950_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:445.63px;top:281.5px;">19.6</div><div id="a120953_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:511.404px;top:281.5px;">7.3</div><div id="a120956_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:560.137px;top:281.5px;">10.5</div><div id="a120960_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:658.564px;top:281.5px;">333.4</div><div id="a120963" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.181px;top:294.3px;">Debt issued designated at fair value </div><div id="a120966_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:272.897px;top:294.3px;">9.3</div><div id="a120969_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:327.79px;top:294.3px;">12.3</div><div id="a120972_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:387.87px;top:294.3px;">15.9</div><div id="a120975_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:445.63px;top:294.3px;">19.3</div><div id="a120978_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:511.404px;top:294.3px;">6.9</div><div id="a120981_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:560.137px;top:294.3px;">10.0</div><div id="a120985_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:663.297px;top:294.3px;">73.6</div><div id="a120988" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:307.5px;">of which: non-subordinated fixed rate debt </div><div id="a120992_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:272.897px;top:307.5px;">0.5</div><div id="a120995_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:332.99px;top:307.5px;">2.3</div><div id="a120998_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:393.11px;top:307.5px;">5.6</div><div id="a121001_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:450.83px;top:307.5px;">3.6</div><div id="a121004_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:511.404px;top:307.5px;">2.0</div><div id="a121007_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:565.337px;top:307.5px;">3.4</div><div id="a121011_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:663.297px;top:307.5px;">17.4</div><div id="a121014" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:320.8px;">of which: non-subordinated floating rate debt </div><div id="a121018_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:272.897px;top:320.8px;">8.8</div><div id="a121021_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:327.79px;top:320.8px;">10.0</div><div id="a121024_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:387.87px;top:320.8px;">10.3</div><div id="a121027_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:445.63px;top:320.8px;">15.7</div><div id="a121030_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:511.404px;top:320.8px;">4.9</div><div id="a121033_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:565.337px;top:320.8px;">6.6</div><div id="a121037_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:663.297px;top:320.8px;">56.2</div><div id="a121040" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:333.6px;">Total non-financial liabilities </div><div id="a121045_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:272.897px;top:333.6px;">7.2</div><div id="a121048_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.99px;top:333.6px;">3.0</div><div id="a121055_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:616.444px;top:333.6px;">2.1</div><div id="a121058_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.297px;top:333.6px;">12.3</div><div id="a121061" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:345.9px;">Total liabilities<div style="display:inline-block;width:3.21px"> </div></div><div id="a121063_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.964px;top:345.9px;">795.1</div><div id="a121066_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:345.9px;">56.7</div><div id="a121069_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.87px;top:345.9px;">65.9</div><div id="a121072_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:445.63px;top:345.9px;">40.1</div><div id="a121075_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.19px;top:345.9px;">42.4</div><div id="a121078_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.137px;top:345.9px;">33.9</div><div id="a121081_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:611.244px;top:345.9px;">13.2</div><div id="a121084_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:345.9px;">1,047.1</div><div id="a121096" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:362.9px;">Guarantees, loan commitments<div style="display:inline-block;width:4.15px"> </div>and forward starting transactions</div><div id="a121097" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:240.27px;top:363.5px;">3</div><div id="a121100" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:375.6px;">Loan commitments </div><div id="a121102_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:267.697px;top:375.6px;">39.3</div><div id="a121105_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.99px;top:375.6px;">0.3</div><div id="a121108_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:393.11px;top:375.6px;">0.4</div><div id="a121111_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:450.83px;top:375.6px;">0.0</div><div id="a121117_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.297px;top:375.6px;">40.0</div><div id="a121120" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:388.9px;">Guarantees<div style="display:inline-block;width:2.82px"> </div></div><div id="a121122_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:267.697px;top:388.9px;">22.4</div><div id="a121131_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.297px;top:388.9px;">22.4</div><div id="a121134" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:402.1px;">Forward starting transactions,<div style="display:inline-block;width:4.04px"> </div>reverse repurchase and </div><div id="a121135" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:413.5px;">securities borrowing agreements </div><div id="a121137_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:272.897px;top:413.5px;">3.8</div><div id="a121146_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.497px;top:413.5px;">3.8</div><div id="a121149" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:426.3px;">Total </div><div id="a121151_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:267.697px;top:426.3px;">65.4</div><div id="a121154_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:426.3px;">0.3</div><div id="a121157_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.63px;top:426.3px;">0.4</div><div id="a121160_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:450.364px;top:426.3px;">0.0</div><div id="a121166_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:426.3px;">66.2</div></div></div></div><div id="TextBlockContainer712" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:688px;height:493px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_710_XBRL_TS_d808f61145a949ac931e070ff71a38f2" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer711" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:688px;height:493px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a121180" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:439.924px;top:0px;">31.12.21 </div><div id="a121182" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:36.9px;">USD bn </div><div id="a121184" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:246.417px;top:25.1px;">Due within </div><div id="a121186" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:254.924px;top:36.9px;">1 month </div><div id="a121188" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:297.99px;top:13.7px;">Due between </div><div id="a121190" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:318.324px;top:25.1px;">1 and 3 </div><div id="a121191" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:319.27px;top:36.9px;">months </div><div id="a121193" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:357.604px;top:13.7px;">Due between </div><div id="a121196" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:373.217px;top:25.1px;">3 and 12 </div><div id="a121197" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:378.884px;top:36.9px;">months </div><div id="a121199" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:415.337px;top:25.1px;">Due between </div><div id="a121201" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:414.39px;top:36.9px;">1 and 2 years </div><div id="a121203" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:475.897px;top:25.1px;">Due between </div><div id="a121205" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.95px;top:36.9px;">2 and 5 years </div><div id="a121207" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:546.43px;top:25.1px;">Due over </div><div id="a121209" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.044px;top:36.9px;">5 years </div><div id="a121211" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:13.7px;">Perpetual / </div><div id="a121213" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.497px;top:25.1px;">Not </div><div id="a121214" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.83px;top:36.9px;">applicable </div><div id="a121216" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:36.9px;">Total </div><div id="a121227" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:52.5px;">Assets </div><div id="a121237" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:64.8px;">Total financial assets measured at amortized<div style="display:inline-block;width:3.71px"> </div>cost </div><div id="a121239_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:263.91px;top:64.8px;">453.7</div><div id="a121242_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:329.204px;top:64.8px;">45.9</div><div id="a121245_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.857px;top:64.8px;">43.1</div><div id="a121248_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:446.577px;top:64.8px;">53.7</div><div id="a121251_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:507.137px;top:64.8px;">64.1</div><div id="a121254_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.03px;top:64.8px;">77.3</div><div id="a121258_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.51px;top:64.8px;">737.8</div><div id="a121261" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:77.1px;">Loans and advances to customers </div><div id="a121263_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:263.91px;top:77.1px;">157.2</div><div id="a121266_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:329.204px;top:77.1px;">28.7</div><div id="a121269_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:388.857px;top:77.1px;">37.2</div><div id="a121272_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:446.577px;top:77.1px;">49.6</div><div id="a121275_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:507.137px;top:77.1px;">54.9</div><div id="a121278_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:562.03px;top:77.1px;">70.1</div><div id="a121281" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.737px;top:77.1px;"><div style="display:inline-block;width:2.37px"> </div></div><div id="a121283_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:659.51px;top:77.1px;">397.8</div><div id="a121286" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:90.4px;">Total financial assets measured at fair value through<div style="display:inline-block;width:4.45px"> </div>profit or </div><div id="a121287" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:102.2px;">loss </div><div id="a121289_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:263.91px;top:102.2px;">300.5</div><div id="a121292_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:334.404px;top:102.2px;">5.8</div><div id="a121295_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.057px;top:102.2px;">8.1</div><div id="a121298_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.777px;top:102.2px;">5.2</div><div id="a121301_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.35px;top:102.2px;">7.1</div><div id="a121304_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:567.23px;top:102.2px;">2.5</div><div id="a121307_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.924px;top:102.2px;">1.8</div><div id="a121310_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.51px;top:102.2px;">330.9</div><div id="a121313" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:114.5px;">Financial assets at fair value not held for trading </div><div id="a121315" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:268.644px;top:114.5px;">29.7</div><div id="a121317_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:334.404px;top:114.5px;">5.8</div><div id="a121320_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:394.057px;top:114.5px;">8.1</div><div id="a121323_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:451.777px;top:114.5px;">5.2</div><div id="a121326_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:512.35px;top:114.5px;">7.1</div><div id="a121329_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:567.23px;top:114.5px;">2.5</div><div id="a121332_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:616.924px;top:114.5px;">1.8</div><div id="a121335_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.244px;top:114.5px;">60.1</div><div id="a121338" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:126.8px;">Financial assets measured at fair value through<div style="display:inline-block;width:4.15px"> </div>other </div><div id="a121339" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:138.6px;">comprehensive income </div><div id="a121341_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:273.844px;top:138.6px;">0.1</div><div id="a121344_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:334.404px;top:138.6px;">0.4</div><div id="a121347_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.057px;top:138.6px;">0.7</div><div id="a121350_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.777px;top:138.6px;">0.1</div><div id="a121353_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.35px;top:138.6px;">0.4</div><div id="a121356_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:567.23px;top:138.6px;">7.1</div><div id="a121360_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.444px;top:138.6px;">8.8</div><div id="a121363" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:150.9px;">Total non-financial assets </div><div id="a121367_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:273.844px;top:150.9px;">7.7</div><div id="a121370_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:334.404px;top:150.9px;">0.5</div><div id="a121373_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.057px;top:150.9px;">0.1</div><div id="a121376_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.777px;top:150.9px;">0.2</div><div id="a121379_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.35px;top:150.9px;">1.4</div><div id="a121382_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:567.23px;top:150.9px;">0.3</div><div id="a121385_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:611.724px;top:150.9px;">29.4</div><div id="a121388_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:150.9px;">39.7</div><div id="a121391" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:163.2px;">Total assets </div><div id="a121393_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:263.91px;top:163.2px;">761.9</div><div id="a121396_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:329.204px;top:163.2px;">52.6</div><div id="a121399_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.857px;top:163.2px;">52.0</div><div id="a121402_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:446.577px;top:163.2px;">59.2</div><div id="a121405_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:507.137px;top:163.2px;">73.0</div><div id="a121408_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.03px;top:163.2px;">87.2</div><div id="a121411_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:611.724px;top:163.2px;">31.2</div><div id="a121414_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.417px;top:163.2px;">1,117.2</div><div id="a121426" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:181.2px;">Liabilities </div><div id="a121436" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:194.9px;">Total financial liabilities measured at amortized<div style="display:inline-block;width:3.92px"> </div>cost </div><div id="a121438_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:263.91px;top:194.9px;">581.6</div><div id="a121441_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:329.204px;top:194.9px;">20.1</div><div id="a121444_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.857px;top:194.9px;">48.4</div><div id="a121447_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:446.577px;top:194.9px;">17.0</div><div id="a121450_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:507.137px;top:194.9px;">35.6</div><div id="a121453_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.03px;top:194.9px;">24.4</div><div id="a121456_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:611.724px;top:194.9px;">13.5</div><div id="a121459_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.51px;top:194.9px;">740.6</div><div id="a121462" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:208.2px;">Customer deposits </div><div id="a121464_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:263.91px;top:208.2px;">530.1</div><div id="a121467_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:334.404px;top:208.2px;">5.2</div><div id="a121470_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:394.057px;top:208.2px;">3.2</div><div id="a121473_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:451.777px;top:208.2px;">1.6</div><div id="a121476_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:512.35px;top:208.2px;">1.5</div><div id="a121479_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:567.23px;top:208.2px;">0.3</div><div id="a121483_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:659.51px;top:208.2px;">542.0</div><div id="a121486" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:220.9px;">Debt issued measured at amortized cost </div><div id="a121489_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:273.844px;top:220.9px;">3.7</div><div id="a121492_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:329.204px;top:220.9px;">12.1</div><div id="a121495_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:388.857px;top:220.9px;">39.8</div><div id="a121498_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:446.577px;top:220.9px;">14.9</div><div id="a121501_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:507.137px;top:220.9px;">32.5</div><div id="a121504_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:562.03px;top:220.9px;">22.7</div><div id="a121507_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:611.724px;top:220.9px;">13.5</div><div id="a121510_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:659.51px;top:220.9px;">139.2</div><div id="a121513" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:234.2px;">of which: non-subordinated fixed rate debt </div><div id="a121517_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:273.844px;top:234.2px;">3.7</div><div id="a121520_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:329.204px;top:234.2px;">10.8</div><div id="a121523_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:388.857px;top:234.2px;">28.8</div><div id="a121526_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:446.577px;top:234.2px;">10.6</div><div id="a121529_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:507.137px;top:234.2px;">26.0</div><div id="a121532_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:562.03px;top:234.2px;">22.7</div><div id="a121536_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:659.51px;top:234.2px;">102.6</div><div id="a121539" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:247px;">of which: non-subordinated floating rate debt </div><div id="a121544_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:334.404px;top:247px;">1.3</div><div id="a121547_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:394.057px;top:247px;">9.0</div><div id="a121550_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:451.777px;top:247px;">4.3</div><div id="a121553_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:512.35px;top:247px;">3.3</div><div id="a121558_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.244px;top:247px;">17.9</div><div id="a121561" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:260.2px;">of which: subordinated fixed-rate debt </div><div id="a121568_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:394.057px;top:260.2px;">2.0</div><div id="a121572_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:512.35px;top:260.2px;">3.1</div><div id="a121576_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:611.724px;top:260.2px;">13.5</div><div id="a121579_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.244px;top:260.2px;">18.6</div><div id="a121582" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:272.5px;">Total financial liabilities measured at fair value<div style="display:inline-block;width:3.87px"> </div>through </div><div id="a121583" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:284.3px;">profit or loss</div><div id="a121588" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:48.14px;top:285px;">2</div><div id="a121590_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:263.91px;top:284.3px;">237.7</div><div id="a121593_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:329.204px;top:284.3px;">12.0</div><div id="a121596_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.857px;top:284.3px;">14.7</div><div id="a121599_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:446.577px;top:284.3px;">18.8</div><div id="a121602_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.35px;top:284.3px;">5.6</div><div id="a121605_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.03px;top:284.3px;">12.2</div><div id="a121609_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.51px;top:284.3px;">300.9</div><div id="a121612" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:297.1px;">Debt issued designated at fair value </div><div id="a121614_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:268.644px;top:297.1px;">12.5</div><div id="a121617_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:329.204px;top:297.1px;">11.6</div><div id="a121620_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:388.857px;top:297.1px;">14.1</div><div id="a121623_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:446.577px;top:297.1px;">18.6</div><div id="a121626_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:512.35px;top:297.1px;">5.4</div><div id="a121629_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:562.03px;top:297.1px;">11.5</div><div id="a121633_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.244px;top:297.1px;">73.8</div><div id="a121636" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:310.3px;">of which: non-subordinated fixed rate debt </div><div id="a121640_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:273.844px;top:310.3px;">0.8</div><div id="a121643_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:334.404px;top:310.3px;">1.2</div><div id="a121646_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:394.057px;top:310.3px;">2.9</div><div id="a121649_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:451.777px;top:310.3px;">1.2</div><div id="a121652_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:512.35px;top:310.3px;">1.3</div><div id="a121655_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:567.23px;top:310.3px;">4.8</div><div id="a121659_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.244px;top:310.3px;">12.2</div><div id="a121662" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:323.1px;">of which: non-subordinated floating rate debt </div><div id="a121666_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:268.644px;top:323.1px;">11.7</div><div id="a121669_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:329.204px;top:323.1px;">10.3</div><div id="a121672_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:388.857px;top:323.1px;">11.2</div><div id="a121675_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:446.577px;top:323.1px;">17.4</div><div id="a121678_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:512.35px;top:323.1px;">4.2</div><div id="a121681_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:567.23px;top:323.1px;">6.8</div><div id="a121685_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.244px;top:323.1px;">61.6</div><div id="a121688" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:336.4px;">Total non-financial liabilities </div><div id="a121692_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:273.844px;top:336.4px;">9.3</div><div id="a121695_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:334.404px;top:336.4px;">3.0</div><div id="a121702_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.924px;top:336.4px;">2.4</div><div id="a121705_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:336.4px;">14.7</div><div id="a121708" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:348.7px;">Total liabilities<div style="display:inline-block;width:3.21px"> </div></div><div id="a121710_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:263.91px;top:348.7px;">828.6</div><div id="a121713_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:329.204px;top:348.7px;">35.1</div><div id="a121716_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.857px;top:348.7px;">63.0</div><div id="a121719_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:446.577px;top:348.7px;">35.8</div><div id="a121722_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:507.137px;top:348.7px;">41.2</div><div id="a121725_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.03px;top:348.7px;">36.6</div><div id="a121728_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:611.724px;top:348.7px;">15.9</div><div id="a121731_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.417px;top:348.7px;">1,056.2</div><div id="a121743" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:366.7px;">Guarantees, loan commitments<div style="display:inline-block;width:4.15px"> </div>and forward starting transactions</div><div id="a121744" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:240.27px;top:367.3px;">3</div><div id="a121747" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:380.4px;">Loan commitments </div><div id="a121749_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:268.644px;top:380.4px;">38.3</div><div id="a121752_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:334.404px;top:380.4px;">0.5</div><div id="a121755_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.057px;top:380.4px;">0.7</div><div id="a121758_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.777px;top:380.4px;">0.0</div><div id="a121764_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:380.4px;">39.5</div><div id="a121767" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:393.6px;">Guarantees </div><div id="a121769_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:268.644px;top:393.6px;">21.2</div><div id="a121778_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:393.6px;">21.2</div><div id="a121781" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:406.9px;">Forward starting transactions,<div style="display:inline-block;width:4.04px"> </div>reverse repurchase and </div><div id="a121783" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:418.2px;">securities borrowing agreements </div><div id="a121785_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:273.844px;top:418.2px;">1.4</div><div id="a121794_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.444px;top:418.2px;">1.4</div><div id="a121797" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:430.5px;">Total </div><div id="a121799_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:268.644px;top:430.5px;">60.9</div><div id="a121802_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:333.937px;top:430.5px;">0.5</div><div id="a121805_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:393.577px;top:430.5px;">0.7</div><div id="a121808_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.31px;top:430.5px;">0.0</div><div id="a121811_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.87px;top:430.5px;">0.0</div><div id="a121814_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.764px;top:430.5px;">0.0</div><div id="a121817_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.444px;top:430.5px;">0.0</div><div id="a121820_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:430.5px;">62.1</div><div id="a121823" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:444.6px;">1 Effective 1 April 2022, a<div style="display:inline-block;width:3.57px"> </div>portfolio of assets previously<div style="display:inline-block;width:3.74px"> </div>classified as Financial<div style="display:inline-block;width:3.48px"> </div>assets measured at fair<div style="display:inline-block;width:3.49px"> </div>value through other<div style="display:inline-block;width:3.45px"> </div>comprehensive income<div style="display:inline-block;width:3.43px"> </div>was reclassified to Other<div style="display:inline-block;width:3.62px"> </div>financial assets measured at<div style="display:inline-block;width:3.65px"> </div>amortized cost. </div><div id="a121825" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:454.5px;">Refer to Note<div style="display:inline-block;width:3.46px"> </div>1b for more information.<div style="display:inline-block;width:11.18px"> </div>2 As of<div style="display:inline-block;width:3.48px"> </div>31 December 2022<div style="display:inline-block;width:4.33px"> </div>and 31 December 2021,<div style="display:inline-block;width:4.19px"> </div>the contractual<div style="display:inline-block;width:3.79px"> </div>redemption amount<div style="display:inline-block;width:3.61px"> </div>at maturity<div style="display:inline-block;width:3.41px"> </div>of debt issued<div style="display:inline-block;width:4px"> </div>designated at fair<div style="display:inline-block;width:3.49px"> </div>value through<div style="display:inline-block;width:3.61px"> </div>profit or loss<div style="display:inline-block;width:3.45px"> </div>and other </div><div id="a121829" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:464.5px;">financial liabilities measured at fair value through<div style="display:inline-block;width:3.64px"> </div>profit or loss was not materially different from the carrying amount.<div style="display:inline-block;width:9.69px"> </div>3 The notional amounts associated<div style="display:inline-block;width:3.95px"> </div>with derivative loan commitments,<div style="display:inline-block;width:3.58px"> </div>as well as forward starting </div><div id="a121833" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:474.9px;">repurchase and reverse<div style="display:inline-block;width:4.27px"> </div>repurchase agreements,<div style="display:inline-block;width:4.43px"> </div>measured at fair<div style="display:inline-block;width:4.43px"> </div>value through<div style="display:inline-block;width:3.61px"> </div>profit or loss<div style="display:inline-block;width:3.92px"> </div>are presented<div style="display:inline-block;width:3.64px"> </div>together with<div style="display:inline-block;width:3.62px"> </div>notional amounts<div style="display:inline-block;width:4.17px"> </div>related to<div style="display:inline-block;width:3.78px"> </div>derivative instruments<div style="display:inline-block;width:4.07px"> </div>and have been<div style="display:inline-block;width:3.64px"> </div>excluded from<div style="display:inline-block;width:4.09px"> </div>the table </div><div id="a121835" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:484.8px;">above. Refer to Note 10<div style="display:inline-block;width:3.56px"> </div>for more information.</div></div></div></div><div id="TextBlockContainer714" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:117px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a121881" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">b) Maturity analysis of financial<div style="display:inline-block;width:5.23px"> </div>liabilities on an undiscounted basis </div><div id="a121883" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.3px;">The table below<div style="display:inline-block;width:5.49px"> </div>provides an<div style="display:inline-block;width:5.47px"> </div>analysis of financial<div style="display:inline-block;width:5.08px"> </div>liabilities on<div style="display:inline-block;width:5.18px"> </div>an undiscounted<div style="display:inline-block;width:5.09px"> </div>basis, including<div style="display:inline-block;width:5.16px"> </div>all cash flows<div style="display:inline-block;width:5.35px"> </div>relating to </div><div id="a121884" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.4px;">principal and<div style="display:inline-block;width:5.23px"> </div>future interest<div style="display:inline-block;width:6.4px"> </div>payments. The<div style="display:inline-block;width:5.56px"> </div>residual<div style="display:inline-block;width:5.06px"> </div>contractual maturities<div style="display:inline-block;width:5.79px"> </div>for non<div style="display:inline-block;width:1.74px"> </div>-derivative and<div style="display:inline-block;width:5.32px"> </div>non-trading financial </div><div id="a121894" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:58px;">liabilities are<div style="display:inline-block;width:5.84px"> </div>based<div style="display:inline-block;width:5.18px"> </div>on<div style="display:inline-block;width:5.13px"> </div>the earliest<div style="display:inline-block;width:5.36px"> </div>date on<div style="display:inline-block;width:6.23px"> </div>which UBS<div style="display:inline-block;width:5.86px"> </div>could be<div style="display:inline-block;width:5.81px"> </div>contractually required<div style="display:inline-block;width:6.73px"> </div>to pay.<div style="display:inline-block;width:7.15px"> </div>Derivative positions<div style="display:inline-block;width:6.03px"> </div>and </div><div id="a121896" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:73.2px;">trading liabilities,<div style="display:inline-block;width:5.08px"> </div>predominantly<div style="display:inline-block;width:5.11px"> </div>made up<div style="display:inline-block;width:5.29px"> </div>of short<div style="display:inline-block;width:5.03px"> </div>sale transactions,<div style="display:inline-block;width:5.77px"> </div>are presented<div style="display:inline-block;width:5.51px"> </div>in the </div><div id="a121897" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:519.272px;top:72.9px;">Due within<div style="display:inline-block;width:5.34px"> </div>1 month</div><div id="a121898" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:636.138px;top:73.2px;"><div style="display:inline-block;width:4.25px"> </div>column</div><div id="a121900" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:682.045px;top:72.9px;">,</div><div id="a121901" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:685.352px;top:73.2px;"> </div><div id="a121902" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:88.3px;">as this provides a conservative reflection<div style="display:inline-block;width:5.02px"> </div>of the nature of these trading<div style="display:inline-block;width:5.08px"> </div>activities. The residual contractual maturities may </div><div id="a121904" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:103.9px;">extend over significantly longer periods.</div></div><div id="TextBlockContainer717" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#9A3D37;line-height:normal;width:684px;height:349px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a121911" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:437.084px;top:0px;">31.12.22 </div><div id="a121913" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.181px;top:36px;">USD bn </div><div id="a121916" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.044px;top:24.1px;">Due within<div style="display:inline-block;width:2.96px"> </div></div><div id="a121918" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:253.03px;top:36px;">1 month </div><div id="a121920" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:295.15px;top:12.8px;">Due between<div style="display:inline-block;width:2.85px"> </div></div><div id="a121922" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.484px;top:24.1px;">1 and 3 </div><div id="a121923" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.91px;top:36px;">months </div><div id="a121925" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:355.244px;top:12.8px;">Due between<div style="display:inline-block;width:2.84px"> </div></div><div id="a121927" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:370.857px;top:24.1px;">3 and 12 </div><div id="a121928" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:36px;">months </div><div id="a121930" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.977px;top:24.1px;">Due between<div style="display:inline-block;width:2.84px"> </div></div><div id="a121932" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.497px;top:36px;">1 and 2 years </div><div id="a121934" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:473.537px;top:24.1px;">Due between<div style="display:inline-block;width:2.84px"> </div></div><div id="a121936" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:473.057px;top:36px;">2 and 5 years </div><div id="a121938" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:543.55px;top:24.1px;">Due over<div style="display:inline-block;width:2.84px"> </div></div><div id="a121940" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.204px;top:36px;">5 years </div><div id="a121942" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:586.15px;top:12.8px;">Perpetual / </div><div id="a121943" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:612.657px;top:24.1px;">Not </div><div id="a121944" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.99px;top:36px;">applicable </div><div id="a121946" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.51px;top:36px;">Total </div><div id="a121958" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:53.5px;">Financial liabilities recognized<div style="display:inline-block;width:3.95px"> </div>on balance sheet</div><div id="a121959" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:175.884px;top:54.1px;">1</div><div id="a121970" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:65.8px;">Amounts due to banks </div><div id="a121973_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:271.95px;top:65.8px;">6.3</div><div id="a121976_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.044px;top:65.8px;">2.6</div><div id="a121979_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.164px;top:65.8px;">1.9</div><div id="a121982_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:449.884px;top:65.8px;">0.3</div><div id="a121985_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:510.457px;top:65.8px;">0.6</div><div id="a121988_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:564.39px;top:65.8px;">0.0</div><div id="a121992_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.457px;top:65.8px;">11.7</div><div id="a121995" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:78.5px;">Payables from securities financing<div style="display:inline-block;width:3.7px"> </div>transactions </div><div id="a121999_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:271.95px;top:78.5px;">3.3</div><div id="a122002_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.044px;top:78.5px;">0.3</div><div id="a122005_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.164px;top:78.5px;">0.4</div><div id="a122008_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:449.884px;top:78.5px;">0.3</div><div id="a122014_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:665.657px;top:78.5px;">4.4</div><div id="a122017" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:91.8px;">Cash collateral payables on derivative instruments </div><div id="a122020_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:266.75px;top:91.8px;">36.4</div><div id="a122029_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.457px;top:91.8px;">36.4</div><div id="a122032" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:104.5px;">Customer deposits </div><div id="a122035_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:262.017px;top:104.5px;">463.1</div><div id="a122038_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.844px;top:104.5px;">28.5</div><div id="a122041_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:386.924px;top:104.5px;">24.5</div><div id="a122044_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:449.884px;top:104.5px;">8.0</div><div id="a122047_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:510.457px;top:104.5px;">2.4</div><div id="a122050_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:564.39px;top:104.5px;">0.3</div><div id="a122054_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.724px;top:104.5px;">526.9</div><div id="a122057" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:117.8px;">Debt issued measured at amortized cost</div><div id="a122058" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:148.457px;top:118.5px;">2</div><div id="a122061_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:271.95px;top:117.8px;">6.8</div><div id="a122064_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.044px;top:117.8px;">9.4</div><div id="a122067_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:386.924px;top:117.8px;">24.8</div><div id="a122070_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:444.684px;top:117.8px;">14.4</div><div id="a122073_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:505.257px;top:117.8px;">37.9</div><div id="a122076_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:559.19px;top:117.8px;">28.0</div><div id="a122079_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:608.884px;top:117.8px;">11.9</div><div id="a122082_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.724px;top:117.8px;">133.4</div><div id="a122085" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:131.1px;">Other financial liabilities measured at amortized cost </div><div id="a122088_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:271.95px;top:131.1px;">4.7</div><div id="a122091_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.044px;top:131.1px;">0.1</div><div id="a122094_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.164px;top:131.1px;">0.5</div><div id="a122097_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:449.884px;top:131.1px;">0.5</div><div id="a122100_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:510.457px;top:131.1px;">1.3</div><div id="a122103_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:564.39px;top:131.1px;">1.4</div><div id="a122107_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:665.657px;top:131.1px;">8.5</div><div id="a122110" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:143.8px;"><div style="display:inline-block;width:2.37px"> </div>of which: lease liabilities </div><div id="a122114_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:271.95px;top:143.8px;">0.1</div><div id="a122117_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:332.044px;top:143.8px;">0.1</div><div id="a122120_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:392.164px;top:143.8px;">0.5</div><div id="a122123_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:449.884px;top:143.8px;">0.5</div><div id="a122126_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:510.457px;top:143.8px;">1.3</div><div id="a122129_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:564.39px;top:143.8px;">1.4</div><div id="a122133_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:665.657px;top:143.8px;">3.8</div><div id="a122136" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:156.1px;">Total financial liabilities measured<div style="display:inline-block;width:3.9px"> </div>at amortized cost </div><div id="a122139_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:262.017px;top:156.1px;">520.7</div><div id="a122142_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.844px;top:156.1px;">40.9</div><div id="a122145_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:386.924px;top:156.1px;">52.1</div><div id="a122148_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:444.684px;top:156.1px;">23.6</div><div id="a122151_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:505.257px;top:156.1px;">42.3</div><div id="a122154_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:559.19px;top:156.1px;">29.7</div><div id="a122157_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:608.884px;top:156.1px;">11.9</div><div id="a122160_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.724px;top:156.1px;">721.2</div><div id="a122163" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:169.4px;">Financial liabilities at fair value held for trading</div><div id="a122164" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:173.524px;top:170px;">3, 4</div><div id="a122167_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:266.75px;top:169.4px;">29.5</div><div id="a122176_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.457px;top:169.4px;">29.5</div><div id="a122179" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:182.1px;">Derivative financial instruments</div><div id="a122180" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:116.737px;top:182.8px;">3, 5</div><div id="a122183_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:262.017px;top:182.1px;">154.9</div><div id="a122192_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.724px;top:182.1px;">154.9</div><div id="a122195" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:195.4px;">Brokerage payables designated at<div style="display:inline-block;width:4.03px"> </div>fair value </div><div id="a122198_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:266.75px;top:195.4px;">45.1</div><div id="a122207_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.457px;top:195.4px;">45.1</div><div id="a122210" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:208.2px;">Debt issued designated at fair value</div><div id="a122211" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:132.857px;top:208.8px;">6</div><div id="a122214_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:271.95px;top:208.2px;">9.4</div><div id="a122217_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.844px;top:208.2px;">12.4</div><div id="a122220_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:386.924px;top:208.2px;">16.1</div><div id="a122223_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:444.684px;top:208.2px;">19.7</div><div id="a122226_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:510.457px;top:208.2px;">7.1</div><div id="a122229_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:559.19px;top:208.2px;">18.8</div><div id="a122233_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.457px;top:208.2px;">83.4</div><div id="a122236" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:221.4px;">Other financial liabilities designated at fair value </div><div id="a122239_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:266.75px;top:221.4px;">27.1</div><div id="a122242_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.044px;top:221.4px;">1.4</div><div id="a122245_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.164px;top:221.4px;">0.4</div><div id="a122248_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:449.884px;top:221.4px;">0.4</div><div id="a122251_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:510.457px;top:221.4px;">0.5</div><div id="a122254_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:564.39px;top:221.4px;">0.8</div><div id="a122258_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.457px;top:221.4px;">30.6</div><div id="a122261" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:233.7px;">Total financial liabilities measured<div style="display:inline-block;width:3.9px"> </div>at fair value through </div><div id="a122262" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:245.5px;">profit or loss </div><div id="a122265_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:262.017px;top:245.5px;">266.0</div><div id="a122268_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.844px;top:245.5px;">13.8</div><div id="a122271_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:386.924px;top:245.5px;">16.4</div><div id="a122274_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:444.684px;top:245.5px;">20.0</div><div id="a122277_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:510.457px;top:245.5px;">7.6</div><div id="a122280_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:559.19px;top:245.5px;">19.6</div><div id="a122284_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.724px;top:245.5px;">343.5</div><div id="a122287" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:258.3px;">Total </div><div id="a122290_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.017px;top:258.3px;">786.8</div><div id="a122293_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.844px;top:258.3px;">54.7</div><div id="a122296_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.924px;top:258.3px;">68.6</div><div id="a122299_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.684px;top:258.3px;">43.6</div><div id="a122302_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.257px;top:258.3px;">49.8</div><div id="a122305_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.19px;top:258.3px;">49.3</div><div id="a122308_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:608.884px;top:258.3px;">11.9</div><div id="a122311_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:648.604px;top:258.3px;">1,064.7</div><div id="a122324" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:276.3px;">Guarantees, commitments<div style="display:inline-block;width:3.73px"> </div>and forward starting transactions </div><div id="a122326" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:288.6px;">Loan commitments</div><div id="a122327" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:71.785px;top:289.2px;">7</div><div id="a122330_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:266.75px;top:288.6px;">39.3</div><div id="a122333_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.044px;top:288.6px;">0.3</div><div id="a122336_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.164px;top:288.6px;">0.4</div><div id="a122339_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:449.884px;top:288.6px;">0.0</div><div id="a122345_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.457px;top:288.6px;">40.0</div><div id="a122348" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:301.8px;">Guarantees </div><div id="a122351_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:266.75px;top:301.8px;">22.4</div><div id="a122360_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.457px;top:301.8px;">22.4</div><div id="a122363" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:314.6px;">Forward starting transactions,<div style="display:inline-block;width:4.04px"> </div>reverse repurchase and </div><div id="a122364" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:326.4px;">securities borrowing agreements</div><div id="a122365" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:121.004px;top:327.1px;">7</div><div id="a122368_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:271.95px;top:320.8px;">3.8</div><div id="a122377_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:665.657px;top:320.8px;">3.8</div><div id="a122380" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:338.7px;">Total </div><div id="a122383_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:266.75px;top:338.7px;">65.4</div><div id="a122386_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.564px;top:338.7px;">0.3</div><div id="a122389_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:391.684px;top:338.7px;">0.4</div><div id="a122392_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:449.417px;top:338.7px;">0.0</div><div id="a122398_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.457px;top:338.7px;">66.2</div></div><div id="TextBlockContainer722" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:687px;height:433px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_720_XBRL_TS_1bad46328802467f80146de5b0d5c899" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer721" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:687px;height:433px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a122404" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:439.457px;top:0px;">31.12.21 </div><div id="a122406" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:36.9px;">USD bn </div><div id="a122409" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.99px;top:25.1px;">Due within<div style="display:inline-block;width:2.96px"> </div></div><div id="a122411" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:253.977px;top:36.9px;">1 month </div><div id="a122413" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:296.097px;top:13.7px;">Due between<div style="display:inline-block;width:2.85px"> </div></div><div id="a122415" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.91px;top:25.1px;">1 and 3 </div><div id="a122416" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:317.857px;top:36.9px;">months </div><div id="a122418" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.19px;top:13.7px;">Due between<div style="display:inline-block;width:2.84px"> </div></div><div id="a122420" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.27px;top:25.1px;">3 and 12 </div><div id="a122421" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.95px;top:36.9px;">months </div><div id="a122423" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.91px;top:25.1px;">Due between<div style="display:inline-block;width:2.85px"> </div></div><div id="a122425" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.444px;top:36.9px;">1 and 2 years </div><div id="a122427" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.484px;top:25.1px;">Due between<div style="display:inline-block;width:2.84px"> </div></div><div id="a122429" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.004px;top:36.9px;">2 and 5 years </div><div id="a122431" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.497px;top:25.1px;">Due over<div style="display:inline-block;width:2.84px"> </div></div><div id="a122433" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:551.15px;top:36.9px;">5 years </div><div id="a122435" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.564px;top:13.7px;">Perpetual / </div><div id="a122436" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.604px;top:25.1px;">Not </div><div id="a122437" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.937px;top:36.9px;">applicable </div><div id="a122439" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.35px;top:36.9px;">Total </div><div id="a122451" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:54.4px;">Financial liabilities recognized<div style="display:inline-block;width:3.95px"> </div>on balance sheet</div><div id="a122452" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:175.884px;top:55.1px;">1</div><div id="a122463" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:66.7px;">Amounts due to banks </div><div id="a122466_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:272.897px;top:66.7px;">6.7</div><div id="a122469_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.99px;top:66.7px;">2.4</div><div id="a122472_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:393.11px;top:66.7px;">3.5</div><div id="a122475_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:450.83px;top:66.7px;">0.0</div><div id="a122478_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.404px;top:66.7px;">0.5</div><div id="a122483_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:66.7px;">13.1</div><div id="a122486" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:79.5px;">Payables from securities financing<div style="display:inline-block;width:3.7px"> </div>transactions </div><div id="a122490_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:272.897px;top:79.5px;">3.8</div><div id="a122493_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.99px;top:79.5px;">0.3</div><div id="a122496_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:393.11px;top:79.5px;">1.6</div><div id="a122499_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:450.83px;top:79.5px;">0.0</div><div id="a122505_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:79.5px;">5.7</div><div id="a122508" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:92.7px;">Cash collateral payables on derivative instruments </div><div id="a122511_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:267.697px;top:92.7px;">31.8</div><div id="a122520_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:92.7px;">31.8</div><div id="a122523" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:106px;">Customer deposits </div><div id="a122526_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.964px;top:106px;">530.1</div><div id="a122529_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.99px;top:106px;">5.2</div><div id="a122532_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:393.11px;top:106px;">3.3</div><div id="a122535_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:450.83px;top:106px;">1.7</div><div id="a122538_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.404px;top:106px;">1.5</div><div id="a122541_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:565.337px;top:106px;">0.4</div><div id="a122545_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:106px;">542.3</div><div id="a122548" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:118.8px;">Debt issued measured at amortized cost</div><div id="a122549" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:148.457px;top:119.4px;">2</div><div id="a122552_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:272.897px;top:118.8px;">4.0</div><div id="a122555_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:118.8px;">12.7</div><div id="a122558_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.87px;top:118.8px;">41.1</div><div id="a122561_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:445.63px;top:118.8px;">16.7</div><div id="a122564_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.19px;top:118.8px;">36.9</div><div id="a122567_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.137px;top:118.8px;">24.3</div><div id="a122570_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:609.83px;top:118.8px;">13.3</div><div id="a122573_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:118.8px;">148.9</div><div id="a122576" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:132px;">Other financial liabilities measured at amortized cost </div><div id="a122579_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:272.897px;top:132px;">4.5</div><div id="a122582_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.99px;top:132px;">0.1</div><div id="a122585_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:393.11px;top:132px;">0.5</div><div id="a122588_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:450.83px;top:132px;">0.6</div><div id="a122591_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.404px;top:132px;">1.3</div><div id="a122594_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:565.337px;top:132px;">1.6</div><div id="a122598_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:132px;">8.4</div><div id="a122601" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:144.8px;"><div style="display:inline-block;width:2.37px"> </div>of which: lease liabilities </div><div id="a122605_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:272.897px;top:144.8px;">0.1</div><div id="a122608_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.99px;top:144.8px;">0.1</div><div id="a122611_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:393.11px;top:144.8px;">0.5</div><div id="a122614_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:450.83px;top:144.8px;">0.6</div><div id="a122617_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.404px;top:144.8px;">1.3</div><div id="a122620_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:565.337px;top:144.8px;">1.6</div><div id="a122624_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.497px;top:144.8px;">4.0</div><div id="a122627" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:157.1px;">Total financial liabilities measured<div style="display:inline-block;width:3.9px"> </div>at amortized cost </div><div id="a122630_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.964px;top:157.1px;">580.9</div><div id="a122633_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:157.1px;">20.8</div><div id="a122636_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.87px;top:157.1px;">49.9</div><div id="a122639_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:445.63px;top:157.1px;">19.0</div><div id="a122642_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.19px;top:157.1px;">40.3</div><div id="a122645_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.137px;top:157.1px;">26.2</div><div id="a122648_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:609.83px;top:157.1px;">13.3</div><div id="a122651_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:157.1px;">750.2</div><div id="a122654" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:170.3px;">Financial liabilities at fair value held for trading</div><div id="a122655" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:173.524px;top:170.9px;">3,4</div><div id="a122658_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:267.697px;top:170.3px;">31.7</div><div id="a122667_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:170.3px;">31.7</div><div id="a122670" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:183.1px;">Derivative financial instruments</div><div id="a122671" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:116.737px;top:183.7px;">3,5</div><div id="a122674_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.964px;top:183.1px;">121.3</div><div id="a122683_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:183.1px;">121.3</div><div id="a122686" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:196.3px;">Brokerage payables designated at<div style="display:inline-block;width:4.03px"> </div>fair value </div><div id="a122689_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:267.697px;top:196.3px;">44.0</div><div id="a122698_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:196.3px;">44.0</div><div id="a122701" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:209.1px;">Debt issued designated at fair value</div><div id="a122703" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:132.857px;top:209.8px;">6</div><div id="a122706_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:267.697px;top:209.1px;">13.8</div><div id="a122709_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:209.1px;">11.5</div><div id="a122712_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.87px;top:209.1px;">13.5</div><div id="a122715_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:445.63px;top:209.1px;">18.8</div><div id="a122718_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.404px;top:209.1px;">5.7</div><div id="a122721_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.137px;top:209.1px;">18.5</div><div id="a122725_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:209.1px;">81.9</div><div id="a122728" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:222.4px;">Other financial liabilities designated at fair value </div><div id="a122731_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:267.697px;top:222.4px;">28.1</div><div id="a122734_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.99px;top:222.4px;">0.4</div><div id="a122737_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:393.11px;top:222.4px;">0.5</div><div id="a122740_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:450.83px;top:222.4px;">0.2</div><div id="a122743_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.404px;top:222.4px;">0.2</div><div id="a122746_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:565.337px;top:222.4px;">1.1</div><div id="a122750_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:222.4px;">30.5</div><div id="a122753" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:234.7px;">Total financial liabilities measured<div style="display:inline-block;width:3.9px"> </div>at fair value through </div><div id="a122754" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:246.5px;">profit or loss </div><div id="a122757_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.964px;top:240.3px;">239.0</div><div id="a122760_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:240.3px;">11.9</div><div id="a122763_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.87px;top:240.3px;">14.0</div><div id="a122766_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:445.63px;top:240.3px;">19.0</div><div id="a122769_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.404px;top:240.3px;">5.9</div><div id="a122772_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.137px;top:240.3px;">19.6</div><div id="a122776_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:240.3px;">309.4</div><div id="a122779" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:259.2px;">Total </div><div id="a122782_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.964px;top:259.2px;">819.8</div><div id="a122785_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:259.2px;">32.7</div><div id="a122788_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.87px;top:259.2px;">63.9</div><div id="a122791_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:445.63px;top:259.2px;">38.0</div><div id="a122794_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.19px;top:259.2px;">46.1</div><div id="a122797_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.137px;top:259.2px;">45.9</div><div id="a122800_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:609.83px;top:259.2px;">13.3</div><div id="a122803_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:259.2px;">1,059.6</div><div id="a122816" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:277.3px;">Guarantees, commitments<div style="display:inline-block;width:3.73px"> </div>and forward starting transactions </div><div id="a122818" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:290px;">Loan commitments</div><div id="a122819" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:71.785px;top:290.7px;">7</div><div id="a122822_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:267.697px;top:290px;">38.3</div><div id="a122825_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.99px;top:290px;">0.5</div><div id="a122828_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:393.11px;top:290px;">0.7</div><div id="a122831_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:450.83px;top:290px;">0.0</div><div id="a122837_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:290px;">39.5</div><div id="a122840" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:302.8px;">Guarantees </div><div id="a122843_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:267.697px;top:302.8px;">21.2</div><div id="a122852_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:302.8px;">21.2</div><div id="a122855" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:316px;">Forward starting transactions,<div style="display:inline-block;width:4.04px"> </div>reverse repurchase </div><div id="a122857" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:327.4px;">and securities borrowing agreements</div><div id="a122858" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:137.11px;top:328px;">7</div><div id="a122861_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:272.897px;top:327.4px;">1.4</div><div id="a122870_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:327.4px;">1.4</div><div id="a122873" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:339.7px;">Total </div><div id="a122876_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:267.697px;top:339.7px;">60.9</div><div id="a122879_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:339.7px;">0.5</div><div id="a122882_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.63px;top:339.7px;">0.7</div><div id="a122885_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:450.364px;top:339.7px;">0.0</div><div id="a122891_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:339.7px;">62.1</div><div id="a122894" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:353.8px;">1 Except for financial<div style="display:inline-block;width:4.13px"> </div>liabilities at<div style="display:inline-block;width:3.46px"> </div>fair value held<div style="display:inline-block;width:3.63px"> </div>for trading<div style="display:inline-block;width:3.47px"> </div>and derivative<div style="display:inline-block;width:3.93px"> </div>financial instruments<div style="display:inline-block;width:3.47px"> </div>(see footnote<div style="display:inline-block;width:3.81px"> </div>3), the amounts<div style="display:inline-block;width:4.28px"> </div>presented generally<div style="display:inline-block;width:4.1px"> </div>represent undiscounted cash<div style="display:inline-block;width:3.95px"> </div>flows of future<div style="display:inline-block;width:4.1px"> </div>interest and<div style="display:inline-block;width:3.47px"> </div>principal </div><div id="a122896" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:363.7px;">payments.<div style="display:inline-block;width:9.31px"> </div>2 The time-<div style="display:inline-block;width:1.34px"> </div>bucket Perpetual<div style="display:inline-block;width:3.48px"> </div>/ Not applicable<div style="display:inline-block;width:3.48px"> </div>includes perpetual loss<div style="display:inline-block;width:1.83px"> </div>-absorbing additional<div style="display:inline-block;width:3.46px"> </div>tier 1 capital instruments.<div style="display:inline-block;width:10.74px"> </div>3 Carrying amount is<div style="display:inline-block;width:4.09px"> </div>fair value. Management<div style="display:inline-block;width:3.8px"> </div>believes that this<div style="display:inline-block;width:3.62px"> </div>best represents the </div><div id="a122903" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:374.1px;">cash flows that would have to be paid if these positions<div style="display:inline-block;width:3.64px"> </div>had to be settled or closed out.<div style="display:inline-block;width:8.51px"> </div>4 Contractual maturities of financial<div style="display:inline-block;width:4.18px"> </div>liabilities at fair value held for trading<div style="display:inline-block;width:3.63px"> </div>are: USD </div><div id="a122903_183_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:547.844px;top:374.1px;">27.8</div><div id="a122903_187_35" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:562.504px;top:374.1px;">bn due within 1 month (31 December </div><div id="a122906" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:384px;">2021: USD </div><div id="a122906_10_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:39.154px;top:384px;">30.8</div><div id="a122906_14_9" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:53.814px;top:384px;">bn), USD </div><div id="a122906_23_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:83.134px;top:384px;">1.7</div><div id="a122906_26_57" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:94.011px;top:384px;">bn due between 1 month and 1 year (31 December 2021: USD </div><div id="a122906_83_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:291.211px;top:384px;">0.9</div><div id="a122906_86_12" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:302.088px;top:384px;">bn) and USD </div><div id="a122906_98_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:343.231px;top:384px;">0</div><div id="a122906_99_52" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:347.487px;top:384px;">bn due between 1 and 5 years (31 December<div style="display:inline-block;width:3.67px"> </div>2021: USD </div><div id="a122906_151_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:526.498px;top:384px;">0</div><div id="a122906_152_23" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:530.754px;top:384px;">bn).<div style="display:inline-block;width:7.26px"> </div>5 Includes USD </div><div id="a122906_175_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:599.325px;top:384px;">46</div><div id="a122906_177_21" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:607.837px;top:384px;">m (31 December 2021: </div><div id="a122910" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:394px;">USD </div><div id="a122910_4_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.314px;top:394px;">34</div><div id="a122910_6_205" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:27.299px;top:394px;">m) related to fair values<div style="display:inline-block;width:4.29px"> </div>of derivative loan<div style="display:inline-block;width:3.44px"> </div>commitments and<div style="display:inline-block;width:3.76px"> </div>forward starting<div style="display:inline-block;width:3.47px"> </div>reverse repurchase<div style="display:inline-block;width:3.79px"> </div>agreements classified<div style="display:inline-block;width:3.47px"> </div>as derivatives,<div style="display:inline-block;width:4.08px"> </div>presented<div style="display:inline-block;width:3.41px"> </div>within “Due within<div style="display:inline-block;width:3.48px"> </div>1 month.” The<div style="display:inline-block;width:3.81px"> </div>full contractual<div style="display:inline-block;width:3.63px"> </div>committed </div><div id="a122914" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:404.4px;">amount of USD </div><div id="a122914_14_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:52.363px;top:404.4px;">34.4</div><div id="a122914_18_26" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:67.496px;top:404.4px;">bn (31 December 2021: USD </div><div id="a122914_44_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:159.239px;top:404.4px;">36.0</div><div id="a122914_48_166" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:173.899px;top:404.4px;">bn) is presented in Note 10 under notional amounts.<div style="display:inline-block;width:9.62px"> </div>6 Future interest payments<div style="display:inline-block;width:3.49px"> </div>on variable-rate liabilities are determined<div style="display:inline-block;width:3.61px"> </div>by reference to the applicable interest </div><div id="a122919" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:414.3px;">rate prevailing as of the reporting<div style="display:inline-block;width:4.1px"> </div>date. Future principal<div style="display:inline-block;width:3.49px"> </div>payments that are variable<div style="display:inline-block;width:3.48px"> </div>are determined by reference<div style="display:inline-block;width:4px"> </div>to the conditions existing<div style="display:inline-block;width:3.6px"> </div>at the relevant<div style="display:inline-block;width:3.47px"> </div>reporting date.<div style="display:inline-block;width:9.15px"> </div>7 Excludes derivative loan<div style="display:inline-block;width:3.47px"> </div>commitments and </div><div id="a122921" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:424.7px;">forward starting reverse repurchase<div style="display:inline-block;width:3.79px"> </div>agreements measured<div style="display:inline-block;width:3.63px"> </div>at fair value (see footnote 5).</div></div></div></div> <div id="TextBlockContainer707" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#9A3D37;line-height:normal;width:687px;height:437px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a120530" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.977px;top:0px;">31.12.22 </div><div id="a120532" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.181px;top:36px;">USD bn </div><div id="a120534" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.99px;top:24.2px;">Due within<div style="display:inline-block;width:2.96px"> </div></div><div id="a120536" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:253.977px;top:36px;">1 month </div><div id="a120538" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:296.097px;top:12.8px;">Due between<div style="display:inline-block;width:2.85px"> </div></div><div id="a120540" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.43px;top:24.2px;">1 and 3 </div><div id="a120541" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:317.857px;top:36px;">months </div><div id="a120543" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.19px;top:12.8px;">Due between<div style="display:inline-block;width:2.84px"> </div></div><div id="a120545" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.79px;top:24.2px;">3 and 12 </div><div id="a120546" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.95px;top:36px;">months </div><div id="a120548" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.91px;top:24.2px;">Due between<div style="display:inline-block;width:2.85px"> </div></div><div id="a120550" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.444px;top:36px;">1 and 2 years </div><div id="a120552" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.484px;top:24.2px;">Due between<div style="display:inline-block;width:2.84px"> </div></div><div id="a120554" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.004px;top:36px;">2 and 5 years </div><div id="a120556" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.497px;top:24.2px;">Due over<div style="display:inline-block;width:2.84px"> </div></div><div id="a120558" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:551.15px;top:36px;">5 years </div><div id="a120560" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:12.8px;">Perpetual / </div><div id="a120561" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.03px;top:24.2px;">Not </div><div id="a120562" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.35px;top:36px;">applicable </div><div id="a120564" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.35px;top:36px;">Total </div><div id="a120575" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:52.5px;">Assets </div><div id="a120585" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:64.8px;">Total financial assets measured at<div style="display:inline-block;width:3.75px"> </div>amortized cost</div><div id="a120587" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:181.59px;top:65.5px;">1</div><div id="a120589_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:262.964px;top:64.8px;">422.6</div><div id="a120592_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:327.79px;top:64.8px;">28.7</div><div id="a120595_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:387.87px;top:64.8px;">34.4</div><div id="a120598_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:445.63px;top:64.8px;">78.7</div><div id="a120601_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.19px;top:64.8px;">70.4</div><div id="a120604_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:560.137px;top:64.8px;">92.7</div><div id="a120608_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:658.564px;top:64.8px;">727.6</div><div id="a120611" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.181px;top:77.1px;">Loans and advances to customers </div><div id="a120613_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:262.964px;top:77.1px;">139.4</div><div id="a120616_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:327.79px;top:77.1px;">16.3</div><div id="a120619_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:387.87px;top:77.1px;">28.3</div><div id="a120622_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:445.63px;top:77.1px;">74.9</div><div id="a120625_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:506.19px;top:77.1px;">55.5</div><div id="a120628_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:560.137px;top:77.1px;">72.9</div><div id="a120632_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:658.564px;top:77.1px;">387.2</div><div id="a120635" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:89.9px;">Total financial assets measured at fair value through<div style="display:inline-block;width:4.45px"> </div>profit or </div><div id="a120636" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:101.7px;">loss </div><div id="a120638_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:262.964px;top:101.7px;">300.2</div><div id="a120641_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:327.79px;top:101.7px;">10.0</div><div id="a120644_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:393.11px;top:101.7px;">7.8</div><div id="a120647_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:450.83px;top:101.7px;">3.6</div><div id="a120650_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:511.404px;top:101.7px;">9.9</div><div id="a120653_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:565.337px;top:101.7px;">2.0</div><div id="a120656_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:616.444px;top:101.7px;">1.9</div><div id="a120659_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:658.564px;top:101.7px;">335.3</div><div id="a120662" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.181px;top:114px;">Financial assets at fair value not held for trading </div><div id="a120664_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:267.697px;top:114px;">24.6</div><div id="a120667_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:327.79px;top:114px;">10.0</div><div id="a120670_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:393.11px;top:114px;">7.8</div><div id="a120673_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:450.83px;top:114px;">3.6</div><div id="a120676_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:511.404px;top:114px;">9.9</div><div id="a120679_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:565.337px;top:114px;">2.0</div><div id="a120682_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:616.444px;top:114px;">1.9</div><div id="a120685_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:663.297px;top:114px;">59.8</div><div id="a120688" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:126.3px;">Financial assets measured at fair value through<div style="display:inline-block;width:4.15px"> </div>other </div><div id="a120689" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:138.1px;">comprehensive income</div><div id="a120690" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:85.524px;top:138.8px;">1</div><div id="a120692_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:272.897px;top:138.1px;">0.3</div><div id="a120695_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.99px;top:138.1px;">0.9</div><div id="a120698_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:393.11px;top:138.1px;">0.9</div><div id="a120701_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:450.83px;top:138.1px;">0.1</div><div id="a120704_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:511.404px;top:138.1px;">0.0</div><div id="a120707_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:565.337px;top:138.1px;">0.0</div><div id="a120711_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.497px;top:138.1px;">2.2</div><div id="a120714" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:150.4px;">Total non-financial assets </div><div id="a120718_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:272.897px;top:150.4px;">7.6</div><div id="a120722_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:393.11px;top:150.4px;">0.2</div><div id="a120726_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:511.404px;top:150.4px;">2.0</div><div id="a120729_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:565.337px;top:150.4px;">0.4</div><div id="a120732_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:611.244px;top:150.4px;">29.0</div><div id="a120735_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.297px;top:150.4px;">39.2</div><div id="a120738" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:162.7px;">Total assets </div><div id="a120740_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.964px;top:162.7px;">730.7</div><div id="a120743_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:162.7px;">39.6</div><div id="a120746_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.87px;top:162.7px;">43.4</div><div id="a120749_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:445.63px;top:162.7px;">82.4</div><div id="a120752_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.19px;top:162.7px;">82.3</div><div id="a120755_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.137px;top:162.7px;">95.1</div><div id="a120758_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:611.244px;top:162.7px;">31.0</div><div id="a120761_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:162.7px;">1,104.4</div><div id="a120773" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:179.8px;">Liabilities </div><div id="a120783" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:192.1px;">Total financial liabilities measured at amortized<div style="display:inline-block;width:3.92px"> </div>cost </div><div id="a120785_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:262.964px;top:192.1px;">521.9</div><div id="a120788_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:327.79px;top:192.1px;">40.0</div><div id="a120791_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:387.87px;top:192.1px;">49.6</div><div id="a120794_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:445.63px;top:192.1px;">20.5</div><div id="a120797_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.19px;top:192.1px;">35.1</div><div id="a120800_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:560.137px;top:192.1px;">23.4</div><div id="a120803_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:611.244px;top:192.1px;">11.1</div><div id="a120806_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:658.564px;top:192.1px;">701.5</div><div id="a120809" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.181px;top:205.3px;">Customer deposits </div><div id="a120811_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:262.964px;top:205.3px;">463.0</div><div id="a120814_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:327.79px;top:205.3px;">28.3</div><div id="a120817_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:387.87px;top:205.3px;">23.8</div><div id="a120820_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:450.83px;top:205.3px;">7.5</div><div id="a120823_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:511.404px;top:205.3px;">2.2</div><div id="a120826_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:565.337px;top:205.3px;">0.3</div><div id="a120830_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:658.564px;top:205.3px;">525.1</div><div id="a120833" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.181px;top:218.1px;">Debt issued measured at amortized cost </div><div id="a120835_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:272.897px;top:218.1px;">6.6</div><div id="a120838_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:332.99px;top:218.1px;">8.8</div><div id="a120841_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:387.87px;top:218.1px;">23.3</div><div id="a120844_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:445.63px;top:218.1px;">11.9</div><div id="a120847_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:506.19px;top:218.1px;">31.1</div><div id="a120850_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:560.137px;top:218.1px;">21.9</div><div id="a120853_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:611.244px;top:218.1px;">11.1</div><div id="a120856_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:658.564px;top:218.1px;">114.6</div><div id="a120859" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:231.3px;">of which: non-subordinated fixed rate debt </div><div id="a120863_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:272.897px;top:231.3px;">3.1</div><div id="a120866_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:332.99px;top:231.3px;">4.0</div><div id="a120869_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:387.87px;top:231.3px;">13.2</div><div id="a120872_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:450.83px;top:231.3px;">7.6</div><div id="a120875_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:506.19px;top:231.3px;">28.4</div><div id="a120878_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:560.137px;top:231.3px;">21.9</div><div id="a120882_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:663.297px;top:231.3px;">78.1</div><div id="a120885" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:244.6px;">of which: non-subordinated floating rate debt </div><div id="a120889_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:272.897px;top:244.6px;">1.5</div><div id="a120892_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:332.99px;top:244.6px;">4.8</div><div id="a120895_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:387.87px;top:244.6px;">10.1</div><div id="a120898_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:450.83px;top:244.6px;">1.9</div><div id="a120901_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:511.404px;top:244.6px;">2.2</div><div id="a120904_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:565.337px;top:244.6px;">0.0</div><div id="a120908_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:663.297px;top:244.6px;">20.5</div><div id="a120911" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:257.4px;">of which: subordinated fixed-rate debt </div><div id="a120915_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:272.897px;top:257.4px;">2.0</div><div id="a120920_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:450.83px;top:257.4px;">2.4</div><div id="a120923_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:511.404px;top:257.4px;">0.5</div><div id="a120927_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:611.244px;top:257.4px;">11.1</div><div id="a120930_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:663.297px;top:257.4px;">16.0</div><div id="a120933" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:269.7px;">Total financial liabilities measured at fair value<div style="display:inline-block;width:3.87px"> </div>through </div><div id="a120934" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:281.5px;">profit or loss</div><div id="a120939" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:48.14px;top:282.1px;">2</div><div id="a120941_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:262.964px;top:281.5px;">265.9</div><div id="a120944_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:327.79px;top:281.5px;">13.8</div><div id="a120947_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:387.87px;top:281.5px;">16.3</div><div id="a120950_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:445.63px;top:281.5px;">19.6</div><div id="a120953_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:511.404px;top:281.5px;">7.3</div><div id="a120956_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:560.137px;top:281.5px;">10.5</div><div id="a120960_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:658.564px;top:281.5px;">333.4</div><div id="a120963" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.181px;top:294.3px;">Debt issued designated at fair value </div><div id="a120966_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:272.897px;top:294.3px;">9.3</div><div id="a120969_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:327.79px;top:294.3px;">12.3</div><div id="a120972_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:387.87px;top:294.3px;">15.9</div><div id="a120975_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:445.63px;top:294.3px;">19.3</div><div id="a120978_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:511.404px;top:294.3px;">6.9</div><div id="a120981_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:560.137px;top:294.3px;">10.0</div><div id="a120985_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:663.297px;top:294.3px;">73.6</div><div id="a120988" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:307.5px;">of which: non-subordinated fixed rate debt </div><div id="a120992_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:272.897px;top:307.5px;">0.5</div><div id="a120995_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:332.99px;top:307.5px;">2.3</div><div id="a120998_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:393.11px;top:307.5px;">5.6</div><div id="a121001_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:450.83px;top:307.5px;">3.6</div><div id="a121004_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:511.404px;top:307.5px;">2.0</div><div id="a121007_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:565.337px;top:307.5px;">3.4</div><div id="a121011_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:663.297px;top:307.5px;">17.4</div><div id="a121014" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:320.8px;">of which: non-subordinated floating rate debt </div><div id="a121018_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:272.897px;top:320.8px;">8.8</div><div id="a121021_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:327.79px;top:320.8px;">10.0</div><div id="a121024_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:387.87px;top:320.8px;">10.3</div><div id="a121027_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:445.63px;top:320.8px;">15.7</div><div id="a121030_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:511.404px;top:320.8px;">4.9</div><div id="a121033_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:565.337px;top:320.8px;">6.6</div><div id="a121037_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:663.297px;top:320.8px;">56.2</div><div id="a121040" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:333.6px;">Total non-financial liabilities </div><div id="a121045_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:272.897px;top:333.6px;">7.2</div><div id="a121048_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.99px;top:333.6px;">3.0</div><div id="a121055_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:616.444px;top:333.6px;">2.1</div><div id="a121058_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.297px;top:333.6px;">12.3</div><div id="a121061" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:345.9px;">Total liabilities<div style="display:inline-block;width:3.21px"> </div></div><div id="a121063_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.964px;top:345.9px;">795.1</div><div id="a121066_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:345.9px;">56.7</div><div id="a121069_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.87px;top:345.9px;">65.9</div><div id="a121072_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:445.63px;top:345.9px;">40.1</div><div id="a121075_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.19px;top:345.9px;">42.4</div><div id="a121078_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.137px;top:345.9px;">33.9</div><div id="a121081_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:611.244px;top:345.9px;">13.2</div><div id="a121084_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:345.9px;">1,047.1</div><div id="a121096" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:362.9px;">Guarantees, loan commitments<div style="display:inline-block;width:4.15px"> </div>and forward starting transactions</div><div id="a121097" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:240.27px;top:363.5px;">3</div><div id="a121100" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:375.6px;">Loan commitments </div><div id="a121102_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:267.697px;top:375.6px;">39.3</div><div id="a121105_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.99px;top:375.6px;">0.3</div><div id="a121108_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:393.11px;top:375.6px;">0.4</div><div id="a121111_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:450.83px;top:375.6px;">0.0</div><div id="a121117_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.297px;top:375.6px;">40.0</div><div id="a121120" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:388.9px;">Guarantees<div style="display:inline-block;width:2.82px"> </div></div><div id="a121122_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:267.697px;top:388.9px;">22.4</div><div id="a121131_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.297px;top:388.9px;">22.4</div><div id="a121134" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:402.1px;">Forward starting transactions,<div style="display:inline-block;width:4.04px"> </div>reverse repurchase and </div><div id="a121135" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:413.5px;">securities borrowing agreements </div><div id="a121137_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:272.897px;top:413.5px;">3.8</div><div id="a121146_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.497px;top:413.5px;">3.8</div><div id="a121149" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:426.3px;">Total </div><div id="a121151_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:267.697px;top:426.3px;">65.4</div><div id="a121154_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:426.3px;">0.3</div><div id="a121157_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.63px;top:426.3px;">0.4</div><div id="a121160_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:450.364px;top:426.3px;">0.0</div><div id="a121166_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:426.3px;">66.2</div></div> 422600000000 28700000000 34400000000 78700000000 70400000000 92700000000 727600000000 139400000000 16300000000 28300000000 74900000000 55500000000 72900000000 387200000000 300200000000 10000000000.0 7800000000 3600000000 9900000000 2000000000.0 1900000000 335300000000 24600000000 10000000000.0 7800000000 3600000000 9900000000 2000000000.0 1900000000 59800000000 300000000 900000000 900000000 100000000 0.0 0.0 2200000000 7600000000 200000000 2000000000.0 400000000 29000000000.0 39200000000 730700000000 39600000000 43400000000 82400000000 82300000000 95100000000 31000000000.0 1104400000000 521900000000 40000000000.0 49600000000 20500000000 35100000000 23400000000 11100000000 701500000000 463000000000.0 28300000000 23800000000 7500000000 2200000000 300000000 525100000000 6600000000 8800000000 23300000000 11900000000 31100000000 21900000000 11100000000 114600000000 3100000000 4000000000.0 13200000000 7600000000 28400000000 21900000000 78100000000 1500000000 4800000000 10100000000 1900000000 2200000000 0.0 20500000000 2000000000.0 2400000000 500000000 11100000000 16000000000.0 265900000000 13800000000 16300000000 19600000000 7300000000 10500000000 333400000000 9300000000 12300000000 15900000000 19300000000 6900000000 10000000000.0 73600000000 500000000 2300000000 5600000000 3600000000 2000000000.0 3400000000 17400000000 8800000000 10000000000.0 10300000000 15700000000 4900000000 6600000000 56200000000 7200000000 3000000000.0 2100000000 12300000000 795100000000 56700000000 65900000000 40100000000 42400000000 33900000000 13200000000 1047100000000 39300000000 300000000 400000000 0.0 40000000000.0 22400000000 22400000000 3800000000 3800000000 65400000000 300000000 400000000 0.0 66200000000 <div id="TextBlockContainer711" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:688px;height:493px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a121180" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:439.924px;top:0px;">31.12.21 </div><div id="a121182" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:36.9px;">USD bn </div><div id="a121184" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:246.417px;top:25.1px;">Due within </div><div id="a121186" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:254.924px;top:36.9px;">1 month </div><div id="a121188" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:297.99px;top:13.7px;">Due between </div><div id="a121190" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:318.324px;top:25.1px;">1 and 3 </div><div id="a121191" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:319.27px;top:36.9px;">months </div><div id="a121193" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:357.604px;top:13.7px;">Due between </div><div id="a121196" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:373.217px;top:25.1px;">3 and 12 </div><div id="a121197" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:378.884px;top:36.9px;">months </div><div id="a121199" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:415.337px;top:25.1px;">Due between </div><div id="a121201" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:414.39px;top:36.9px;">1 and 2 years </div><div id="a121203" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:475.897px;top:25.1px;">Due between </div><div id="a121205" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.95px;top:36.9px;">2 and 5 years </div><div id="a121207" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:546.43px;top:25.1px;">Due over </div><div id="a121209" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.044px;top:36.9px;">5 years </div><div id="a121211" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:13.7px;">Perpetual / </div><div id="a121213" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.497px;top:25.1px;">Not </div><div id="a121214" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.83px;top:36.9px;">applicable </div><div id="a121216" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:36.9px;">Total </div><div id="a121227" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:52.5px;">Assets </div><div id="a121237" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:64.8px;">Total financial assets measured at amortized<div style="display:inline-block;width:3.71px"> </div>cost </div><div id="a121239_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:263.91px;top:64.8px;">453.7</div><div id="a121242_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:329.204px;top:64.8px;">45.9</div><div id="a121245_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.857px;top:64.8px;">43.1</div><div id="a121248_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:446.577px;top:64.8px;">53.7</div><div id="a121251_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:507.137px;top:64.8px;">64.1</div><div id="a121254_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.03px;top:64.8px;">77.3</div><div id="a121258_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.51px;top:64.8px;">737.8</div><div id="a121261" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:77.1px;">Loans and advances to customers </div><div id="a121263_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:263.91px;top:77.1px;">157.2</div><div id="a121266_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:329.204px;top:77.1px;">28.7</div><div id="a121269_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:388.857px;top:77.1px;">37.2</div><div id="a121272_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:446.577px;top:77.1px;">49.6</div><div id="a121275_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:507.137px;top:77.1px;">54.9</div><div id="a121278_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:562.03px;top:77.1px;">70.1</div><div id="a121281" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.737px;top:77.1px;"><div style="display:inline-block;width:2.37px"> </div></div><div id="a121283_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:659.51px;top:77.1px;">397.8</div><div id="a121286" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:90.4px;">Total financial assets measured at fair value through<div style="display:inline-block;width:4.45px"> </div>profit or </div><div id="a121287" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:102.2px;">loss </div><div id="a121289_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:263.91px;top:102.2px;">300.5</div><div id="a121292_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:334.404px;top:102.2px;">5.8</div><div id="a121295_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.057px;top:102.2px;">8.1</div><div id="a121298_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.777px;top:102.2px;">5.2</div><div id="a121301_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.35px;top:102.2px;">7.1</div><div id="a121304_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:567.23px;top:102.2px;">2.5</div><div id="a121307_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.924px;top:102.2px;">1.8</div><div id="a121310_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.51px;top:102.2px;">330.9</div><div id="a121313" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:114.5px;">Financial assets at fair value not held for trading </div><div id="a121315" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:268.644px;top:114.5px;">29.7</div><div id="a121317_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:334.404px;top:114.5px;">5.8</div><div id="a121320_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:394.057px;top:114.5px;">8.1</div><div id="a121323_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:451.777px;top:114.5px;">5.2</div><div id="a121326_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:512.35px;top:114.5px;">7.1</div><div id="a121329_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:567.23px;top:114.5px;">2.5</div><div id="a121332_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:616.924px;top:114.5px;">1.8</div><div id="a121335_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.244px;top:114.5px;">60.1</div><div id="a121338" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:126.8px;">Financial assets measured at fair value through<div style="display:inline-block;width:4.15px"> </div>other </div><div id="a121339" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:138.6px;">comprehensive income </div><div id="a121341_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:273.844px;top:138.6px;">0.1</div><div id="a121344_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:334.404px;top:138.6px;">0.4</div><div id="a121347_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.057px;top:138.6px;">0.7</div><div id="a121350_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.777px;top:138.6px;">0.1</div><div id="a121353_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.35px;top:138.6px;">0.4</div><div id="a121356_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:567.23px;top:138.6px;">7.1</div><div id="a121360_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.444px;top:138.6px;">8.8</div><div id="a121363" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:150.9px;">Total non-financial assets </div><div id="a121367_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:273.844px;top:150.9px;">7.7</div><div id="a121370_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:334.404px;top:150.9px;">0.5</div><div id="a121373_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.057px;top:150.9px;">0.1</div><div id="a121376_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.777px;top:150.9px;">0.2</div><div id="a121379_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.35px;top:150.9px;">1.4</div><div id="a121382_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:567.23px;top:150.9px;">0.3</div><div id="a121385_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:611.724px;top:150.9px;">29.4</div><div id="a121388_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:150.9px;">39.7</div><div id="a121391" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:163.2px;">Total assets </div><div id="a121393_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:263.91px;top:163.2px;">761.9</div><div id="a121396_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:329.204px;top:163.2px;">52.6</div><div id="a121399_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.857px;top:163.2px;">52.0</div><div id="a121402_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:446.577px;top:163.2px;">59.2</div><div id="a121405_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:507.137px;top:163.2px;">73.0</div><div id="a121408_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.03px;top:163.2px;">87.2</div><div id="a121411_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:611.724px;top:163.2px;">31.2</div><div id="a121414_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.417px;top:163.2px;">1,117.2</div><div id="a121426" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:181.2px;">Liabilities </div><div id="a121436" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:194.9px;">Total financial liabilities measured at amortized<div style="display:inline-block;width:3.92px"> </div>cost </div><div id="a121438_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:263.91px;top:194.9px;">581.6</div><div id="a121441_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:329.204px;top:194.9px;">20.1</div><div id="a121444_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.857px;top:194.9px;">48.4</div><div id="a121447_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:446.577px;top:194.9px;">17.0</div><div id="a121450_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:507.137px;top:194.9px;">35.6</div><div id="a121453_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.03px;top:194.9px;">24.4</div><div id="a121456_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:611.724px;top:194.9px;">13.5</div><div id="a121459_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.51px;top:194.9px;">740.6</div><div id="a121462" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:208.2px;">Customer deposits </div><div id="a121464_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:263.91px;top:208.2px;">530.1</div><div id="a121467_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:334.404px;top:208.2px;">5.2</div><div id="a121470_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:394.057px;top:208.2px;">3.2</div><div id="a121473_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:451.777px;top:208.2px;">1.6</div><div id="a121476_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:512.35px;top:208.2px;">1.5</div><div id="a121479_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:567.23px;top:208.2px;">0.3</div><div id="a121483_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:659.51px;top:208.2px;">542.0</div><div id="a121486" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:220.9px;">Debt issued measured at amortized cost </div><div id="a121489_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:273.844px;top:220.9px;">3.7</div><div id="a121492_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:329.204px;top:220.9px;">12.1</div><div id="a121495_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:388.857px;top:220.9px;">39.8</div><div id="a121498_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:446.577px;top:220.9px;">14.9</div><div id="a121501_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:507.137px;top:220.9px;">32.5</div><div id="a121504_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:562.03px;top:220.9px;">22.7</div><div id="a121507_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:611.724px;top:220.9px;">13.5</div><div id="a121510_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:659.51px;top:220.9px;">139.2</div><div id="a121513" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:234.2px;">of which: non-subordinated fixed rate debt </div><div id="a121517_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:273.844px;top:234.2px;">3.7</div><div id="a121520_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:329.204px;top:234.2px;">10.8</div><div id="a121523_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:388.857px;top:234.2px;">28.8</div><div id="a121526_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:446.577px;top:234.2px;">10.6</div><div id="a121529_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:507.137px;top:234.2px;">26.0</div><div id="a121532_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:562.03px;top:234.2px;">22.7</div><div id="a121536_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:659.51px;top:234.2px;">102.6</div><div id="a121539" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:247px;">of which: non-subordinated floating rate debt </div><div id="a121544_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:334.404px;top:247px;">1.3</div><div id="a121547_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:394.057px;top:247px;">9.0</div><div id="a121550_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:451.777px;top:247px;">4.3</div><div id="a121553_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:512.35px;top:247px;">3.3</div><div id="a121558_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.244px;top:247px;">17.9</div><div id="a121561" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:260.2px;">of which: subordinated fixed-rate debt </div><div id="a121568_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:394.057px;top:260.2px;">2.0</div><div id="a121572_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:512.35px;top:260.2px;">3.1</div><div id="a121576_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:611.724px;top:260.2px;">13.5</div><div id="a121579_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.244px;top:260.2px;">18.6</div><div id="a121582" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:272.5px;">Total financial liabilities measured at fair value<div style="display:inline-block;width:3.87px"> </div>through </div><div id="a121583" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:284.3px;">profit or loss</div><div id="a121588" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:48.14px;top:285px;">2</div><div id="a121590_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:263.91px;top:284.3px;">237.7</div><div id="a121593_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:329.204px;top:284.3px;">12.0</div><div id="a121596_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.857px;top:284.3px;">14.7</div><div id="a121599_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:446.577px;top:284.3px;">18.8</div><div id="a121602_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.35px;top:284.3px;">5.6</div><div id="a121605_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.03px;top:284.3px;">12.2</div><div id="a121609_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.51px;top:284.3px;">300.9</div><div id="a121612" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:297.1px;">Debt issued designated at fair value </div><div id="a121614_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:268.644px;top:297.1px;">12.5</div><div id="a121617_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:329.204px;top:297.1px;">11.6</div><div id="a121620_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:388.857px;top:297.1px;">14.1</div><div id="a121623_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:446.577px;top:297.1px;">18.6</div><div id="a121626_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:512.35px;top:297.1px;">5.4</div><div id="a121629_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:562.03px;top:297.1px;">11.5</div><div id="a121633_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.244px;top:297.1px;">73.8</div><div id="a121636" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:310.3px;">of which: non-subordinated fixed rate debt </div><div id="a121640_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:273.844px;top:310.3px;">0.8</div><div id="a121643_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:334.404px;top:310.3px;">1.2</div><div id="a121646_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:394.057px;top:310.3px;">2.9</div><div id="a121649_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:451.777px;top:310.3px;">1.2</div><div id="a121652_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:512.35px;top:310.3px;">1.3</div><div id="a121655_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:567.23px;top:310.3px;">4.8</div><div id="a121659_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.244px;top:310.3px;">12.2</div><div id="a121662" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:323.1px;">of which: non-subordinated floating rate debt </div><div id="a121666_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:268.644px;top:323.1px;">11.7</div><div id="a121669_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:329.204px;top:323.1px;">10.3</div><div id="a121672_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:388.857px;top:323.1px;">11.2</div><div id="a121675_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:446.577px;top:323.1px;">17.4</div><div id="a121678_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:512.35px;top:323.1px;">4.2</div><div id="a121681_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:567.23px;top:323.1px;">6.8</div><div id="a121685_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.244px;top:323.1px;">61.6</div><div id="a121688" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:336.4px;">Total non-financial liabilities </div><div id="a121692_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:273.844px;top:336.4px;">9.3</div><div id="a121695_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:334.404px;top:336.4px;">3.0</div><div id="a121702_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.924px;top:336.4px;">2.4</div><div id="a121705_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:336.4px;">14.7</div><div id="a121708" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:348.7px;">Total liabilities<div style="display:inline-block;width:3.21px"> </div></div><div id="a121710_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:263.91px;top:348.7px;">828.6</div><div id="a121713_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:329.204px;top:348.7px;">35.1</div><div id="a121716_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.857px;top:348.7px;">63.0</div><div id="a121719_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:446.577px;top:348.7px;">35.8</div><div id="a121722_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:507.137px;top:348.7px;">41.2</div><div id="a121725_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.03px;top:348.7px;">36.6</div><div id="a121728_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:611.724px;top:348.7px;">15.9</div><div id="a121731_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.417px;top:348.7px;">1,056.2</div><div id="a121743" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:366.7px;">Guarantees, loan commitments<div style="display:inline-block;width:4.15px"> </div>and forward starting transactions</div><div id="a121744" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:240.27px;top:367.3px;">3</div><div id="a121747" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:380.4px;">Loan commitments </div><div id="a121749_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:268.644px;top:380.4px;">38.3</div><div id="a121752_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:334.404px;top:380.4px;">0.5</div><div id="a121755_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.057px;top:380.4px;">0.7</div><div id="a121758_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.777px;top:380.4px;">0.0</div><div id="a121764_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:380.4px;">39.5</div><div id="a121767" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:393.6px;">Guarantees </div><div id="a121769_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:268.644px;top:393.6px;">21.2</div><div id="a121778_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:393.6px;">21.2</div><div id="a121781" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:406.9px;">Forward starting transactions,<div style="display:inline-block;width:4.04px"> </div>reverse repurchase and </div><div id="a121783" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:418.2px;">securities borrowing agreements </div><div id="a121785_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:273.844px;top:418.2px;">1.4</div><div id="a121794_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.444px;top:418.2px;">1.4</div><div id="a121797" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:430.5px;">Total </div><div id="a121799_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:268.644px;top:430.5px;">60.9</div><div id="a121802_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:333.937px;top:430.5px;">0.5</div><div id="a121805_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:393.577px;top:430.5px;">0.7</div><div id="a121808_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.31px;top:430.5px;">0.0</div><div id="a121811_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.87px;top:430.5px;">0.0</div><div id="a121814_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.764px;top:430.5px;">0.0</div><div id="a121817_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.444px;top:430.5px;">0.0</div><div id="a121820_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:430.5px;">62.1</div><div id="a121823" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:444.6px;">1 Effective 1 April 2022, a<div style="display:inline-block;width:3.57px"> </div>portfolio of assets previously<div style="display:inline-block;width:3.74px"> </div>classified as Financial<div style="display:inline-block;width:3.48px"> </div>assets measured at fair<div style="display:inline-block;width:3.49px"> </div>value through other<div style="display:inline-block;width:3.45px"> </div>comprehensive income<div style="display:inline-block;width:3.43px"> </div>was reclassified to Other<div style="display:inline-block;width:3.62px"> </div>financial assets measured at<div style="display:inline-block;width:3.65px"> </div>amortized cost. </div><div id="a121825" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:454.5px;">Refer to Note<div style="display:inline-block;width:3.46px"> </div>1b for more information.<div style="display:inline-block;width:11.18px"> </div>2 As of<div style="display:inline-block;width:3.48px"> </div>31 December 2022<div style="display:inline-block;width:4.33px"> </div>and 31 December 2021,<div style="display:inline-block;width:4.19px"> </div>the contractual<div style="display:inline-block;width:3.79px"> </div>redemption amount<div style="display:inline-block;width:3.61px"> </div>at maturity<div style="display:inline-block;width:3.41px"> </div>of debt issued<div style="display:inline-block;width:4px"> </div>designated at fair<div style="display:inline-block;width:3.49px"> </div>value through<div style="display:inline-block;width:3.61px"> </div>profit or loss<div style="display:inline-block;width:3.45px"> </div>and other </div><div id="a121829" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:464.5px;">financial liabilities measured at fair value through<div style="display:inline-block;width:3.64px"> </div>profit or loss was not materially different from the carrying amount.<div style="display:inline-block;width:9.69px"> </div>3 The notional amounts associated<div style="display:inline-block;width:3.95px"> </div>with derivative loan commitments,<div style="display:inline-block;width:3.58px"> </div>as well as forward starting </div><div id="a121833" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:474.9px;">repurchase and reverse<div style="display:inline-block;width:4.27px"> </div>repurchase agreements,<div style="display:inline-block;width:4.43px"> </div>measured at fair<div style="display:inline-block;width:4.43px"> </div>value through<div style="display:inline-block;width:3.61px"> </div>profit or loss<div style="display:inline-block;width:3.92px"> </div>are presented<div style="display:inline-block;width:3.64px"> </div>together with<div style="display:inline-block;width:3.62px"> </div>notional amounts<div style="display:inline-block;width:4.17px"> </div>related to<div style="display:inline-block;width:3.78px"> </div>derivative instruments<div style="display:inline-block;width:4.07px"> </div>and have been<div style="display:inline-block;width:3.64px"> </div>excluded from<div style="display:inline-block;width:4.09px"> </div>the table </div><div id="a121835" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:484.8px;">above. Refer to Note 10<div style="display:inline-block;width:3.56px"> </div>for more information.</div></div> 453700000000 45900000000 43100000000 53700000000 64100000000 77300000000 737800000000 157200000000 28700000000 37200000000 49600000000 54900000000 70100000000 397800000000 300500000000 5800000000 8100000000 5200000000 7100000000 2500000000 1800000000 330900000000 29700000000 5800000000 8100000000 5200000000 7100000000 2500000000 1800000000 60100000000 100000000 400000000 700000000 100000000 400000000 7100000000 8800000000 7700000000 500000000 100000000 200000000 1400000000 300000000 29400000000 39700000000 761900000000 52600000000 52000000000.0 59200000000 73000000000.0 87200000000 31200000000 1117200000000 581600000000 20100000000 48400000000 17000000000.0 35600000000 24400000000 13500000000 740600000000 530100000000 5200000000 3200000000 1600000000 1500000000 300000000 542000000000.0 3700000000 12100000000 39800000000 14900000000 32500000000 22700000000 13500000000 139200000000 3700000000 10800000000 28800000000 10600000000 26000000000.0 22700000000 102600000000 1300000000 9000000000.0 4300000000 3300000000 17900000000 2000000000.0 3100000000 13500000000 18600000000 237700000000 12000000000.0 14700000000 18800000000 5600000000 12200000000 300900000000 12500000000 11600000000 14100000000 18600000000 5400000000 11500000000 73800000000 800000000 1200000000 2900000000 1200000000 1300000000 4800000000 12200000000 11700000000 10300000000 11200000000 17400000000 4200000000 6800000000 61600000000 9300000000 3000000000.0 2400000000 14700000000 828600000000 35100000000 63000000000.0 35800000000 41200000000 36600000000 15900000000 1056200000000 38300000000 500000000 700000000 0.0 39500000000 21200000000 21200000000 1400000000 1400000000 60900000000 500000000 700000000 0.0 0.0 0.0 0.0 62100000000 <div id="TextBlockContainer718" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#9A3D37;line-height:normal;width:684px;height:349px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_716_XBRL_TS_1e2ac22eba954556984238534b42ad6c" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer717" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#9A3D37;line-height:normal;width:684px;height:349px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a121911" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:437.084px;top:0px;">31.12.22 </div><div id="a121913" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.181px;top:36px;">USD bn </div><div id="a121916" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.044px;top:24.1px;">Due within<div style="display:inline-block;width:2.96px"> </div></div><div id="a121918" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:253.03px;top:36px;">1 month </div><div id="a121920" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:295.15px;top:12.8px;">Due between<div style="display:inline-block;width:2.85px"> </div></div><div id="a121922" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.484px;top:24.1px;">1 and 3 </div><div id="a121923" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.91px;top:36px;">months </div><div id="a121925" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:355.244px;top:12.8px;">Due between<div style="display:inline-block;width:2.84px"> </div></div><div id="a121927" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:370.857px;top:24.1px;">3 and 12 </div><div id="a121928" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:36px;">months </div><div id="a121930" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.977px;top:24.1px;">Due between<div style="display:inline-block;width:2.84px"> </div></div><div id="a121932" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.497px;top:36px;">1 and 2 years </div><div id="a121934" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:473.537px;top:24.1px;">Due between<div style="display:inline-block;width:2.84px"> </div></div><div id="a121936" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:473.057px;top:36px;">2 and 5 years </div><div id="a121938" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:543.55px;top:24.1px;">Due over<div style="display:inline-block;width:2.84px"> </div></div><div id="a121940" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.204px;top:36px;">5 years </div><div id="a121942" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:586.15px;top:12.8px;">Perpetual / </div><div id="a121943" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:612.657px;top:24.1px;">Not </div><div id="a121944" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.99px;top:36px;">applicable </div><div id="a121946" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.51px;top:36px;">Total </div><div id="a121958" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:53.5px;">Financial liabilities recognized<div style="display:inline-block;width:3.95px"> </div>on balance sheet</div><div id="a121959" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:175.884px;top:54.1px;">1</div><div id="a121970" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:65.8px;">Amounts due to banks </div><div id="a121973_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:271.95px;top:65.8px;">6.3</div><div id="a121976_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.044px;top:65.8px;">2.6</div><div id="a121979_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.164px;top:65.8px;">1.9</div><div id="a121982_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:449.884px;top:65.8px;">0.3</div><div id="a121985_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:510.457px;top:65.8px;">0.6</div><div id="a121988_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:564.39px;top:65.8px;">0.0</div><div id="a121992_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.457px;top:65.8px;">11.7</div><div id="a121995" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:78.5px;">Payables from securities financing<div style="display:inline-block;width:3.7px"> </div>transactions </div><div id="a121999_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:271.95px;top:78.5px;">3.3</div><div id="a122002_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.044px;top:78.5px;">0.3</div><div id="a122005_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.164px;top:78.5px;">0.4</div><div id="a122008_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:449.884px;top:78.5px;">0.3</div><div id="a122014_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:665.657px;top:78.5px;">4.4</div><div id="a122017" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:91.8px;">Cash collateral payables on derivative instruments </div><div id="a122020_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:266.75px;top:91.8px;">36.4</div><div id="a122029_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.457px;top:91.8px;">36.4</div><div id="a122032" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:104.5px;">Customer deposits </div><div id="a122035_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:262.017px;top:104.5px;">463.1</div><div id="a122038_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.844px;top:104.5px;">28.5</div><div id="a122041_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:386.924px;top:104.5px;">24.5</div><div id="a122044_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:449.884px;top:104.5px;">8.0</div><div id="a122047_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:510.457px;top:104.5px;">2.4</div><div id="a122050_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:564.39px;top:104.5px;">0.3</div><div id="a122054_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.724px;top:104.5px;">526.9</div><div id="a122057" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:117.8px;">Debt issued measured at amortized cost</div><div id="a122058" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:148.457px;top:118.5px;">2</div><div id="a122061_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:271.95px;top:117.8px;">6.8</div><div id="a122064_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.044px;top:117.8px;">9.4</div><div id="a122067_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:386.924px;top:117.8px;">24.8</div><div id="a122070_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:444.684px;top:117.8px;">14.4</div><div id="a122073_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:505.257px;top:117.8px;">37.9</div><div id="a122076_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:559.19px;top:117.8px;">28.0</div><div id="a122079_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:608.884px;top:117.8px;">11.9</div><div id="a122082_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.724px;top:117.8px;">133.4</div><div id="a122085" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:131.1px;">Other financial liabilities measured at amortized cost </div><div id="a122088_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:271.95px;top:131.1px;">4.7</div><div id="a122091_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.044px;top:131.1px;">0.1</div><div id="a122094_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.164px;top:131.1px;">0.5</div><div id="a122097_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:449.884px;top:131.1px;">0.5</div><div id="a122100_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:510.457px;top:131.1px;">1.3</div><div id="a122103_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:564.39px;top:131.1px;">1.4</div><div id="a122107_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:665.657px;top:131.1px;">8.5</div><div id="a122110" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:143.8px;"><div style="display:inline-block;width:2.37px"> </div>of which: lease liabilities </div><div id="a122114_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:271.95px;top:143.8px;">0.1</div><div id="a122117_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:332.044px;top:143.8px;">0.1</div><div id="a122120_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:392.164px;top:143.8px;">0.5</div><div id="a122123_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:449.884px;top:143.8px;">0.5</div><div id="a122126_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:510.457px;top:143.8px;">1.3</div><div id="a122129_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:564.39px;top:143.8px;">1.4</div><div id="a122133_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:665.657px;top:143.8px;">3.8</div><div id="a122136" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:156.1px;">Total financial liabilities measured<div style="display:inline-block;width:3.9px"> </div>at amortized cost </div><div id="a122139_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:262.017px;top:156.1px;">520.7</div><div id="a122142_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.844px;top:156.1px;">40.9</div><div id="a122145_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:386.924px;top:156.1px;">52.1</div><div id="a122148_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:444.684px;top:156.1px;">23.6</div><div id="a122151_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:505.257px;top:156.1px;">42.3</div><div id="a122154_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:559.19px;top:156.1px;">29.7</div><div id="a122157_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:608.884px;top:156.1px;">11.9</div><div id="a122160_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.724px;top:156.1px;">721.2</div><div id="a122163" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:169.4px;">Financial liabilities at fair value held for trading</div><div id="a122164" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:173.524px;top:170px;">3, 4</div><div id="a122167_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:266.75px;top:169.4px;">29.5</div><div id="a122176_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.457px;top:169.4px;">29.5</div><div id="a122179" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:182.1px;">Derivative financial instruments</div><div id="a122180" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:116.737px;top:182.8px;">3, 5</div><div id="a122183_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:262.017px;top:182.1px;">154.9</div><div id="a122192_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.724px;top:182.1px;">154.9</div><div id="a122195" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:195.4px;">Brokerage payables designated at<div style="display:inline-block;width:4.03px"> </div>fair value </div><div id="a122198_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:266.75px;top:195.4px;">45.1</div><div id="a122207_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.457px;top:195.4px;">45.1</div><div id="a122210" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:208.2px;">Debt issued designated at fair value</div><div id="a122211" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:132.857px;top:208.8px;">6</div><div id="a122214_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:271.95px;top:208.2px;">9.4</div><div id="a122217_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.844px;top:208.2px;">12.4</div><div id="a122220_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:386.924px;top:208.2px;">16.1</div><div id="a122223_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:444.684px;top:208.2px;">19.7</div><div id="a122226_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:510.457px;top:208.2px;">7.1</div><div id="a122229_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:559.19px;top:208.2px;">18.8</div><div id="a122233_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.457px;top:208.2px;">83.4</div><div id="a122236" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:221.4px;">Other financial liabilities designated at fair value </div><div id="a122239_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:266.75px;top:221.4px;">27.1</div><div id="a122242_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.044px;top:221.4px;">1.4</div><div id="a122245_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.164px;top:221.4px;">0.4</div><div id="a122248_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:449.884px;top:221.4px;">0.4</div><div id="a122251_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:510.457px;top:221.4px;">0.5</div><div id="a122254_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:564.39px;top:221.4px;">0.8</div><div id="a122258_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.457px;top:221.4px;">30.6</div><div id="a122261" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:233.7px;">Total financial liabilities measured<div style="display:inline-block;width:3.9px"> </div>at fair value through </div><div id="a122262" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:245.5px;">profit or loss </div><div id="a122265_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:262.017px;top:245.5px;">266.0</div><div id="a122268_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.844px;top:245.5px;">13.8</div><div id="a122271_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:386.924px;top:245.5px;">16.4</div><div id="a122274_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:444.684px;top:245.5px;">20.0</div><div id="a122277_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:510.457px;top:245.5px;">7.6</div><div id="a122280_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:559.19px;top:245.5px;">19.6</div><div id="a122284_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.724px;top:245.5px;">343.5</div><div id="a122287" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:258.3px;">Total </div><div id="a122290_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.017px;top:258.3px;">786.8</div><div id="a122293_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.844px;top:258.3px;">54.7</div><div id="a122296_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.924px;top:258.3px;">68.6</div><div id="a122299_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.684px;top:258.3px;">43.6</div><div id="a122302_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.257px;top:258.3px;">49.8</div><div id="a122305_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.19px;top:258.3px;">49.3</div><div id="a122308_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:608.884px;top:258.3px;">11.9</div><div id="a122311_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:648.604px;top:258.3px;">1,064.7</div><div id="a122324" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:276.3px;">Guarantees, commitments<div style="display:inline-block;width:3.73px"> </div>and forward starting transactions </div><div id="a122326" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:288.6px;">Loan commitments</div><div id="a122327" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:71.785px;top:289.2px;">7</div><div id="a122330_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:266.75px;top:288.6px;">39.3</div><div id="a122333_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.044px;top:288.6px;">0.3</div><div id="a122336_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.164px;top:288.6px;">0.4</div><div id="a122339_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:449.884px;top:288.6px;">0.0</div><div id="a122345_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.457px;top:288.6px;">40.0</div><div id="a122348" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:301.8px;">Guarantees </div><div id="a122351_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:266.75px;top:301.8px;">22.4</div><div id="a122360_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.457px;top:301.8px;">22.4</div><div id="a122363" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:314.6px;">Forward starting transactions,<div style="display:inline-block;width:4.04px"> </div>reverse repurchase and </div><div id="a122364" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:326.4px;">securities borrowing agreements</div><div id="a122365" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:121.004px;top:327.1px;">7</div><div id="a122368_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:271.95px;top:320.8px;">3.8</div><div id="a122377_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:665.657px;top:320.8px;">3.8</div><div id="a122380" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:338.7px;">Total </div><div id="a122383_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:266.75px;top:338.7px;">65.4</div><div id="a122386_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.564px;top:338.7px;">0.3</div><div id="a122389_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:391.684px;top:338.7px;">0.4</div><div id="a122392_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:449.417px;top:338.7px;">0.0</div><div id="a122398_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.457px;top:338.7px;">66.2</div></div></div></div> 6300000000 2600000000 1900000000 300000000 600000000 0.0 11700000000 3300000000 300000000 400000000 300000000 4400000000 36400000000 36400000000 463100000000 28500000000 24500000000 8000000000.0 2400000000 300000000 526900000000 6800000000 9400000000 24800000000 14400000000 37900000000 28000000000.0 11900000000 133400000000 4700000000 100000000 500000000 500000000 1300000000 1400000000 8500000000 100000000 100000000 500000000 500000000 1300000000 1400000000 3800000000 520700000000 40900000000 52100000000 23600000000 42300000000 29700000000 11900000000 721200000000 29500000000 29500000000 154900000000 154900000000 45100000000 45100000000 9400000000 12400000000 16100000000 19700000000 7100000000 18800000000 83400000000 27100000000 1400000000 400000000 400000000 500000000 800000000 30600000000 266000000000.0 13800000000 16400000000 20000000000.0 7600000000 19600000000 343500000000 786800000000 54700000000 68600000000 43600000000 49800000000 49300000000 11900000000 1064700000000 39300000000 300000000 400000000 0.0 40000000000.0 22400000000 22400000000 3800000000 3800000000 65400000000 300000000 400000000 0.0 66200000000 <div id="TextBlockContainer721" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:687px;height:433px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a122404" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:439.457px;top:0px;">31.12.21 </div><div id="a122406" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:36.9px;">USD bn </div><div id="a122409" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.99px;top:25.1px;">Due within<div style="display:inline-block;width:2.96px"> </div></div><div id="a122411" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:253.977px;top:36.9px;">1 month </div><div id="a122413" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:296.097px;top:13.7px;">Due between<div style="display:inline-block;width:2.85px"> </div></div><div id="a122415" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.91px;top:25.1px;">1 and 3 </div><div id="a122416" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:317.857px;top:36.9px;">months </div><div id="a122418" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.19px;top:13.7px;">Due between<div style="display:inline-block;width:2.84px"> </div></div><div id="a122420" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.27px;top:25.1px;">3 and 12 </div><div id="a122421" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.95px;top:36.9px;">months </div><div id="a122423" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.91px;top:25.1px;">Due between<div style="display:inline-block;width:2.85px"> </div></div><div id="a122425" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.444px;top:36.9px;">1 and 2 years </div><div id="a122427" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.484px;top:25.1px;">Due between<div style="display:inline-block;width:2.84px"> </div></div><div id="a122429" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.004px;top:36.9px;">2 and 5 years </div><div id="a122431" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.497px;top:25.1px;">Due over<div style="display:inline-block;width:2.84px"> </div></div><div id="a122433" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:551.15px;top:36.9px;">5 years </div><div id="a122435" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.564px;top:13.7px;">Perpetual / </div><div id="a122436" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.604px;top:25.1px;">Not </div><div id="a122437" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.937px;top:36.9px;">applicable </div><div id="a122439" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.35px;top:36.9px;">Total </div><div id="a122451" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:54.4px;">Financial liabilities recognized<div style="display:inline-block;width:3.95px"> </div>on balance sheet</div><div id="a122452" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:175.884px;top:55.1px;">1</div><div id="a122463" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:66.7px;">Amounts due to banks </div><div id="a122466_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:272.897px;top:66.7px;">6.7</div><div id="a122469_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.99px;top:66.7px;">2.4</div><div id="a122472_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:393.11px;top:66.7px;">3.5</div><div id="a122475_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:450.83px;top:66.7px;">0.0</div><div id="a122478_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.404px;top:66.7px;">0.5</div><div id="a122483_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:66.7px;">13.1</div><div id="a122486" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:79.5px;">Payables from securities financing<div style="display:inline-block;width:3.7px"> </div>transactions </div><div id="a122490_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:272.897px;top:79.5px;">3.8</div><div id="a122493_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.99px;top:79.5px;">0.3</div><div id="a122496_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:393.11px;top:79.5px;">1.6</div><div id="a122499_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:450.83px;top:79.5px;">0.0</div><div id="a122505_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:79.5px;">5.7</div><div id="a122508" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:92.7px;">Cash collateral payables on derivative instruments </div><div id="a122511_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:267.697px;top:92.7px;">31.8</div><div id="a122520_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:92.7px;">31.8</div><div id="a122523" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:106px;">Customer deposits </div><div id="a122526_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.964px;top:106px;">530.1</div><div id="a122529_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.99px;top:106px;">5.2</div><div id="a122532_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:393.11px;top:106px;">3.3</div><div id="a122535_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:450.83px;top:106px;">1.7</div><div id="a122538_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.404px;top:106px;">1.5</div><div id="a122541_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:565.337px;top:106px;">0.4</div><div id="a122545_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:106px;">542.3</div><div id="a122548" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:118.8px;">Debt issued measured at amortized cost</div><div id="a122549" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:148.457px;top:119.4px;">2</div><div id="a122552_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:272.897px;top:118.8px;">4.0</div><div id="a122555_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:118.8px;">12.7</div><div id="a122558_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.87px;top:118.8px;">41.1</div><div id="a122561_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:445.63px;top:118.8px;">16.7</div><div id="a122564_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.19px;top:118.8px;">36.9</div><div id="a122567_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.137px;top:118.8px;">24.3</div><div id="a122570_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:609.83px;top:118.8px;">13.3</div><div id="a122573_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:118.8px;">148.9</div><div id="a122576" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:132px;">Other financial liabilities measured at amortized cost </div><div id="a122579_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:272.897px;top:132px;">4.5</div><div id="a122582_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.99px;top:132px;">0.1</div><div id="a122585_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:393.11px;top:132px;">0.5</div><div id="a122588_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:450.83px;top:132px;">0.6</div><div id="a122591_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.404px;top:132px;">1.3</div><div id="a122594_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:565.337px;top:132px;">1.6</div><div id="a122598_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:132px;">8.4</div><div id="a122601" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:144.8px;"><div style="display:inline-block;width:2.37px"> </div>of which: lease liabilities </div><div id="a122605_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:272.897px;top:144.8px;">0.1</div><div id="a122608_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.99px;top:144.8px;">0.1</div><div id="a122611_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:393.11px;top:144.8px;">0.5</div><div id="a122614_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:450.83px;top:144.8px;">0.6</div><div id="a122617_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.404px;top:144.8px;">1.3</div><div id="a122620_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:565.337px;top:144.8px;">1.6</div><div id="a122624_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.497px;top:144.8px;">4.0</div><div id="a122627" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:157.1px;">Total financial liabilities measured<div style="display:inline-block;width:3.9px"> </div>at amortized cost </div><div id="a122630_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.964px;top:157.1px;">580.9</div><div id="a122633_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:157.1px;">20.8</div><div id="a122636_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.87px;top:157.1px;">49.9</div><div id="a122639_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:445.63px;top:157.1px;">19.0</div><div id="a122642_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.19px;top:157.1px;">40.3</div><div id="a122645_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.137px;top:157.1px;">26.2</div><div id="a122648_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:609.83px;top:157.1px;">13.3</div><div id="a122651_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:157.1px;">750.2</div><div id="a122654" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:170.3px;">Financial liabilities at fair value held for trading</div><div id="a122655" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:173.524px;top:170.9px;">3,4</div><div id="a122658_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:267.697px;top:170.3px;">31.7</div><div id="a122667_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:170.3px;">31.7</div><div id="a122670" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:183.1px;">Derivative financial instruments</div><div id="a122671" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:116.737px;top:183.7px;">3,5</div><div id="a122674_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.964px;top:183.1px;">121.3</div><div id="a122683_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:183.1px;">121.3</div><div id="a122686" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:196.3px;">Brokerage payables designated at<div style="display:inline-block;width:4.03px"> </div>fair value </div><div id="a122689_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:267.697px;top:196.3px;">44.0</div><div id="a122698_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:196.3px;">44.0</div><div id="a122701" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:209.1px;">Debt issued designated at fair value</div><div id="a122703" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:132.857px;top:209.8px;">6</div><div id="a122706_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:267.697px;top:209.1px;">13.8</div><div id="a122709_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:209.1px;">11.5</div><div id="a122712_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.87px;top:209.1px;">13.5</div><div id="a122715_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:445.63px;top:209.1px;">18.8</div><div id="a122718_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.404px;top:209.1px;">5.7</div><div id="a122721_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.137px;top:209.1px;">18.5</div><div id="a122725_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:209.1px;">81.9</div><div id="a122728" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:222.4px;">Other financial liabilities designated at fair value </div><div id="a122731_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:267.697px;top:222.4px;">28.1</div><div id="a122734_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.99px;top:222.4px;">0.4</div><div id="a122737_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:393.11px;top:222.4px;">0.5</div><div id="a122740_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:450.83px;top:222.4px;">0.2</div><div id="a122743_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.404px;top:222.4px;">0.2</div><div id="a122746_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:565.337px;top:222.4px;">1.1</div><div id="a122750_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:222.4px;">30.5</div><div id="a122753" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:234.7px;">Total financial liabilities measured<div style="display:inline-block;width:3.9px"> </div>at fair value through </div><div id="a122754" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:246.5px;">profit or loss </div><div id="a122757_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.964px;top:240.3px;">239.0</div><div id="a122760_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:240.3px;">11.9</div><div id="a122763_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.87px;top:240.3px;">14.0</div><div id="a122766_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:445.63px;top:240.3px;">19.0</div><div id="a122769_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.404px;top:240.3px;">5.9</div><div id="a122772_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.137px;top:240.3px;">19.6</div><div id="a122776_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:240.3px;">309.4</div><div id="a122779" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:259.2px;">Total </div><div id="a122782_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.964px;top:259.2px;">819.8</div><div id="a122785_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:259.2px;">32.7</div><div id="a122788_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.87px;top:259.2px;">63.9</div><div id="a122791_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:445.63px;top:259.2px;">38.0</div><div id="a122794_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.19px;top:259.2px;">46.1</div><div id="a122797_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.137px;top:259.2px;">45.9</div><div id="a122800_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:609.83px;top:259.2px;">13.3</div><div id="a122803_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:259.2px;">1,059.6</div><div id="a122816" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:277.3px;">Guarantees, commitments<div style="display:inline-block;width:3.73px"> </div>and forward starting transactions </div><div id="a122818" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:290px;">Loan commitments</div><div id="a122819" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:71.785px;top:290.7px;">7</div><div id="a122822_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:267.697px;top:290px;">38.3</div><div id="a122825_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.99px;top:290px;">0.5</div><div id="a122828_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:393.11px;top:290px;">0.7</div><div id="a122831_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:450.83px;top:290px;">0.0</div><div id="a122837_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:290px;">39.5</div><div id="a122840" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:302.8px;">Guarantees </div><div id="a122843_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:267.697px;top:302.8px;">21.2</div><div id="a122852_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:302.8px;">21.2</div><div id="a122855" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:316px;">Forward starting transactions,<div style="display:inline-block;width:4.04px"> </div>reverse repurchase </div><div id="a122857" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:327.4px;">and securities borrowing agreements</div><div id="a122858" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:137.11px;top:328px;">7</div><div id="a122861_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:272.897px;top:327.4px;">1.4</div><div id="a122870_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:327.4px;">1.4</div><div id="a122873" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:339.7px;">Total </div><div id="a122876_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:267.697px;top:339.7px;">60.9</div><div id="a122879_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:339.7px;">0.5</div><div id="a122882_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.63px;top:339.7px;">0.7</div><div id="a122885_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:450.364px;top:339.7px;">0.0</div><div id="a122891_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:339.7px;">62.1</div><div id="a122894" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:353.8px;">1 Except for financial<div style="display:inline-block;width:4.13px"> </div>liabilities at<div style="display:inline-block;width:3.46px"> </div>fair value held<div style="display:inline-block;width:3.63px"> </div>for trading<div style="display:inline-block;width:3.47px"> </div>and derivative<div style="display:inline-block;width:3.93px"> </div>financial instruments<div style="display:inline-block;width:3.47px"> </div>(see footnote<div style="display:inline-block;width:3.81px"> </div>3), the amounts<div style="display:inline-block;width:4.28px"> </div>presented generally<div style="display:inline-block;width:4.1px"> </div>represent undiscounted cash<div style="display:inline-block;width:3.95px"> </div>flows of future<div style="display:inline-block;width:4.1px"> </div>interest and<div style="display:inline-block;width:3.47px"> </div>principal </div><div id="a122896" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:363.7px;">payments.<div style="display:inline-block;width:9.31px"> </div>2 The time-<div style="display:inline-block;width:1.34px"> </div>bucket Perpetual<div style="display:inline-block;width:3.48px"> </div>/ Not applicable<div style="display:inline-block;width:3.48px"> </div>includes perpetual loss<div style="display:inline-block;width:1.83px"> </div>-absorbing additional<div style="display:inline-block;width:3.46px"> </div>tier 1 capital instruments.<div style="display:inline-block;width:10.74px"> </div>3 Carrying amount is<div style="display:inline-block;width:4.09px"> </div>fair value. Management<div style="display:inline-block;width:3.8px"> </div>believes that this<div style="display:inline-block;width:3.62px"> </div>best represents the </div><div id="a122903" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:374.1px;">cash flows that would have to be paid if these positions<div style="display:inline-block;width:3.64px"> </div>had to be settled or closed out.<div style="display:inline-block;width:8.51px"> </div>4 Contractual maturities of financial<div style="display:inline-block;width:4.18px"> </div>liabilities at fair value held for trading<div style="display:inline-block;width:3.63px"> </div>are: USD </div><div id="a122903_183_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:547.844px;top:374.1px;">27.8</div><div id="a122903_187_35" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:562.504px;top:374.1px;">bn due within 1 month (31 December </div><div id="a122906" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:384px;">2021: USD </div><div id="a122906_10_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:39.154px;top:384px;">30.8</div><div id="a122906_14_9" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:53.814px;top:384px;">bn), USD </div><div id="a122906_23_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:83.134px;top:384px;">1.7</div><div id="a122906_26_57" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:94.011px;top:384px;">bn due between 1 month and 1 year (31 December 2021: USD </div><div id="a122906_83_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:291.211px;top:384px;">0.9</div><div id="a122906_86_12" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:302.088px;top:384px;">bn) and USD </div><div id="a122906_98_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:343.231px;top:384px;">0</div><div id="a122906_99_52" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:347.487px;top:384px;">bn due between 1 and 5 years (31 December<div style="display:inline-block;width:3.67px"> </div>2021: USD </div><div id="a122906_151_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:526.498px;top:384px;">0</div><div id="a122906_152_23" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:530.754px;top:384px;">bn).<div style="display:inline-block;width:7.26px"> </div>5 Includes USD </div><div id="a122906_175_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:599.325px;top:384px;">46</div><div id="a122906_177_21" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:607.837px;top:384px;">m (31 December 2021: </div><div id="a122910" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:394px;">USD </div><div id="a122910_4_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.314px;top:394px;">34</div><div id="a122910_6_205" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:27.299px;top:394px;">m) related to fair values<div style="display:inline-block;width:4.29px"> </div>of derivative loan<div style="display:inline-block;width:3.44px"> </div>commitments and<div style="display:inline-block;width:3.76px"> </div>forward starting<div style="display:inline-block;width:3.47px"> </div>reverse repurchase<div style="display:inline-block;width:3.79px"> </div>agreements classified<div style="display:inline-block;width:3.47px"> </div>as derivatives,<div style="display:inline-block;width:4.08px"> </div>presented<div style="display:inline-block;width:3.41px"> </div>within “Due within<div style="display:inline-block;width:3.48px"> </div>1 month.” The<div style="display:inline-block;width:3.81px"> </div>full contractual<div style="display:inline-block;width:3.63px"> </div>committed </div><div id="a122914" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:404.4px;">amount of USD </div><div id="a122914_14_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:52.363px;top:404.4px;">34.4</div><div id="a122914_18_26" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:67.496px;top:404.4px;">bn (31 December 2021: USD </div><div id="a122914_44_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:159.239px;top:404.4px;">36.0</div><div id="a122914_48_166" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:173.899px;top:404.4px;">bn) is presented in Note 10 under notional amounts.<div style="display:inline-block;width:9.62px"> </div>6 Future interest payments<div style="display:inline-block;width:3.49px"> </div>on variable-rate liabilities are determined<div style="display:inline-block;width:3.61px"> </div>by reference to the applicable interest </div><div id="a122919" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:414.3px;">rate prevailing as of the reporting<div style="display:inline-block;width:4.1px"> </div>date. Future principal<div style="display:inline-block;width:3.49px"> </div>payments that are variable<div style="display:inline-block;width:3.48px"> </div>are determined by reference<div style="display:inline-block;width:4px"> </div>to the conditions existing<div style="display:inline-block;width:3.6px"> </div>at the relevant<div style="display:inline-block;width:3.47px"> </div>reporting date.<div style="display:inline-block;width:9.15px"> </div>7 Excludes derivative loan<div style="display:inline-block;width:3.47px"> </div>commitments and </div><div id="a122921" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:424.7px;">forward starting reverse repurchase<div style="display:inline-block;width:3.79px"> </div>agreements measured<div style="display:inline-block;width:3.63px"> </div>at fair value (see footnote 5).</div></div> 6700000000 2400000000 3500000000 0.0 500000000 13100000000 3800000000 300000000 1600000000 0.0 5700000000 31800000000 31800000000 530100000000 5200000000 3300000000 1700000000 1500000000 400000000 542300000000 4000000000.0 12700000000 41100000000 16700000000 36900000000 24300000000 13300000000 148900000000 4500000000 100000000 500000000 600000000 1300000000 1600000000 8400000000 100000000 100000000 500000000 600000000 1300000000 1600000000 4000000000.0 580900000000 20800000000 49900000000 19000000000.0 40300000000 26200000000 13300000000 750200000000 31700000000 31700000000 121300000000 121300000000 44000000000.0 44000000000.0 13800000000 11500000000 13500000000 18800000000 5700000000 18500000000 81900000000 28100000000 400000000 500000000 200000000 200000000 1100000000 30500000000 239000000000.0 11900000000 14000000000.0 19000000000.0 5900000000 19600000000 309400000000 819800000000 32700000000 63900000000 38000000000.0 46100000000 45900000000 13300000000 1059600000000 38300000000 500000000 700000000 0.0 39500000000 21200000000 21200000000 1400000000 1400000000 60900000000 500000000 700000000 0.0 62100000000 27800000000 30800000000 1700000000 900000000 0 0 46000000 34000000 34400000000 36000000000.0 <div id="TextBlockContainer724" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:847px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a122961" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Background </div><div id="a122963" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.6px;">A<div style="display:inline-block;width:6.3px"> </div>market-wide<div style="display:inline-block;width:6.24px"> </div>reform<div style="display:inline-block;width:6.45px"> </div>of<div style="display:inline-block;width:6.67px"> </div>major<div style="display:inline-block;width:5.94px"> </div>interest<div style="display:inline-block;width:7.02px"> </div>rate<div style="display:inline-block;width:5.84px"> </div>benchmarks<div style="display:inline-block;width:6.77px"> </div>is<div style="display:inline-block;width:6.09px"> </div>being<div style="display:inline-block;width:6.65px"> </div>undertaken<div style="display:inline-block;width:6.65px"> </div>globally.<div style="display:inline-block;width:8.03px"> </div>The<div style="display:inline-block;width:6.35px"> </div>publication<div style="display:inline-block;width:6.49px"> </div>of<div style="display:inline-block;width:6.2px"> </div>London </div><div id="a122966" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.8px;">Interbank Offered Rates (LIBORs) ceased immediately after 31 December 2021<div style="display:inline-block;width:5.01px"> </div>for all non-US dollar LIBORs, as well as<div style="display:inline-block;width:2.24px"> </div>for </div><div id="a122974" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">one-week<div style="display:inline-block;width:6.53px"> </div>and<div style="display:inline-block;width:6.08px"> </div>two-month<div style="display:inline-block;width:6.6px"> </div>USD<div style="display:inline-block;width:5.98px"> </div>LIBOR.<div style="display:inline-block;width:6.25px"> </div>Publication<div style="display:inline-block;width:5.82px"> </div>of<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:6.2px"> </div>remaining<div style="display:inline-block;width:6.48px"> </div>USD<div style="display:inline-block;width:5.98px"> </div>LIBOR<div style="display:inline-block;width:6.14px"> </div>tenors<div style="display:inline-block;width:5.82px"> </div>will<div style="display:inline-block;width:5.94px"> </div>cease<div style="display:inline-block;width:5.99px"> </div>immediately<div style="display:inline-block;width:5.85px"> </div>after </div><div id="a122980" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61.5px;">30 June 2023. </div><div id="a122984" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:84.2px;">In December 2022<div style="display:inline-block;width:1.98px"> </div>,<div style="display:inline-block;width:4.36px"> </div>the FCA consulted<div style="display:inline-block;width:5.96px"> </div>on the<div style="display:inline-block;width:5.29px"> </div>continued publication<div style="display:inline-block;width:5.73px"> </div>of one-,<div style="display:inline-block;width:5.42px"> </div>three-<div style="display:inline-block;width:4.74px"> </div>and six-month<div style="display:inline-block;width:5.16px"> </div>USD LIBOR<div style="display:inline-block;width:5.13px"> </div>under a </div><div id="a122995" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.3px;">synthetic format<div style="display:inline-block;width:5.95px"> </div>until the<div style="display:inline-block;width:5.97px"> </div>end of<div style="display:inline-block;width:5.79px"> </div>September 2024<div style="display:inline-block;width:6.06px"> </div>to ensure<div style="display:inline-block;width:5.9px"> </div>an orderly<div style="display:inline-block;width:5.07px"> </div>winding<div style="display:inline-block;width:5.12px"> </div>down of<div style="display:inline-block;width:6.07px"> </div>remaining contracts<div style="display:inline-block;width:5.23px"> </div>that are </div><div id="a123002" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:115px;">not<div style="display:inline-block;width:5.93px"> </div>governed<div style="display:inline-block;width:5.89px"> </div>by<div style="display:inline-block;width:5.2px"> </div>US<div style="display:inline-block;width:5.83px"> </div>law.<div style="display:inline-block;width:5.66px"> </div>In<div style="display:inline-block;width:5.3px"> </div>addition,<div style="display:inline-block;width:5.75px"> </div>in<div style="display:inline-block;width:5.3px"> </div>December<div style="display:inline-block;width:5.52px"> </div>2022,<div style="display:inline-block;width:6.12px"> </div>the<div style="display:inline-block;width:5.25px"> </div>US<div style="display:inline-block;width:5.83px"> </div>Federal<div style="display:inline-block;width:5.42px"> </div>Reserve<div style="display:inline-block;width:5.57px"> </div>Board<div style="display:inline-block;width:5.89px"> </div>adopted<div style="display:inline-block;width:5.86px"> </div>the<div style="display:inline-block;width:5.72px"> </div>final<div style="display:inline-block;width:5.52px"> </div>rules<div style="display:inline-block;width:5.67px"> </div>that </div><div id="a123004" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:130.1px;">implement the Adjustable Interest Rate (LIBOR) Act, which<div style="display:inline-block;width:5.02px"> </div>is substantially based on, and supersedes, the New York State </div><div id="a123006" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:145.2px;">LIBOR legislation.<div style="display:inline-block;width:5.02px"> </div>The Adjustable<div style="display:inline-block;width:5.48px"> </div>Interest Rate (LIBOR)<div style="display:inline-block;width:5.59px"> </div>Act provides<div style="display:inline-block;width:5.07px"> </div>a legislative solution<div style="display:inline-block;width:5.86px"> </div>for USD<div style="display:inline-block;width:5.04px"> </div>LIBOR legacy products </div><div id="a123007" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.8px;">governed by<div style="display:inline-block;width:5.52px"> </div>any US state<div style="display:inline-block;width:5.78px"> </div>law should<div style="display:inline-block;width:5.59px"> </div>such products<div style="display:inline-block;width:5.67px"> </div>fail to transition<div style="display:inline-block;width:6.03px"> </div>prior to<div style="display:inline-block;width:5.6px"> </div>the USD<div style="display:inline-block;width:5.66px"> </div>LIBOR cessation<div style="display:inline-block;width:5.34px"> </div>date of 30<div style="display:inline-block;width:5.6px"> </div>June </div><div id="a123011" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:176px;">2023. </div><div id="a123013" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:199.2px;">A framework has<div style="display:inline-block;width:1.79px"> </div>been established within UBS<div style="display:inline-block;width:2.06px"> </div>to address the<div style="display:inline-block;width:2.31px"> </div>transition of contracts<div style="display:inline-block;width:2.2px"> </div>that do not<div style="display:inline-block;width:2.18px"> </div>contain adequate fallback </div><div id="a123017" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:214.3px;">provisions and to cease entering into new<div style="display:inline-block;width:5.05px"> </div>LIBOR contracts, with the exception of specific circumstances that are<div style="display:inline-block;width:5.17px"> </div>allowed </div><div id="a123021" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:229.4px;">by regulatory provisions for USD<div style="display:inline-block;width:5.15px"> </div>LIBOR. </div><div id="a123026" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:252.2px;">Governance over the transition<div style="display:inline-block;width:5.1px"> </div>to alternative benchmark rates </div><div id="a123028" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:267.3px;">Throughout<div style="display:inline-block;width:7.02px"> </div>the<div style="display:inline-block;width:6.2px"> </div>transition<div style="display:inline-block;width:6.61px"> </div>process<div style="display:inline-block;width:6.53px"> </div>UBS<div style="display:inline-block;width:6.66px"> </div>has<div style="display:inline-block;width:6.4px"> </div>been<div style="display:inline-block;width:7.07px"> </div>maintaining<div style="display:inline-block;width:6.84px"> </div>a<div style="display:inline-block;width:6.15px"> </div>global<div style="display:inline-block;width:6.55px"> </div>cross-divisional,<div style="display:inline-block;width:7.32px"> </div>cross-functional<div style="display:inline-block;width:6.81px"> </div>governance </div><div id="a123038" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:282.9px;">structure and change program to address the scale and complexity of the transition. This global program is sponsored by </div><div id="a123039" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:298.1px;">the Group<div style="display:inline-block;width:5.5px"> </div>CFO and<div style="display:inline-block;width:5.12px"> </div>led by<div style="display:inline-block;width:5.4px"> </div>senior representatives<div style="display:inline-block;width:6.51px"> </div>from the<div style="display:inline-block;width:5.34px"> </div>business divisions<div style="display:inline-block;width:6.15px"> </div>and UBS’s<div style="display:inline-block;width:5.97px"> </div>control and<div style="display:inline-block;width:5.47px"> </div>support functions. </div><div id="a123044" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:313.7px;">The program<div style="display:inline-block;width:5.42px"> </div>includes governance<div style="display:inline-block;width:5.09px"> </div>and execution structures<div style="display:inline-block;width:5.21px"> </div>within each<div style="display:inline-block;width:5.45px"> </div>business division,<div style="display:inline-block;width:5.25px"> </div>together with<div style="display:inline-block;width:5.03px"> </div>cross-divisional </div><div id="a123047" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:328.8px;">teams from each control and support function. During 2022, progress was overseen centrally via a monthly Group LIBOR </div><div id="a123050" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:344.4px;">Transition<div style="display:inline-block;width:5.14px"> </div>Forum with an increased US<div style="display:inline-block;width:5.27px"> </div>regional focus. </div><div id="a123054" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:367.1px;">Risks </div><div id="a123056" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:382.3px;">A core part of UBS’s change program is<div style="display:inline-block;width:2.16px"> </div>the identification, management and monitoring of the risks associated with IBOR </div><div id="a123057" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:397.4px;">reform and transition. These<div style="display:inline-block;width:5.23px"> </div>risks include, but are not limited<div style="display:inline-block;width:5.18px"> </div>to, the following: </div><div id="a123061" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:413px;">–</div><div id="a123062" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:412.9px;"> </div><div id="a123063" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:413px;">economic risks to UBS and<div style="display:inline-block;width:1.96px"> </div>its clients, through<div style="display:inline-block;width:2.15px"> </div>the repricing of<div style="display:inline-block;width:2.33px"> </div>existing contracts, reduced transparency<div style="display:inline-block;width:2.31px"> </div>and / or<div style="display:inline-block;width:2.19px"> </div>liquidity </div><div id="a123064" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:428.2px;">of pricing information, market uncertainty or<div style="display:inline-block;width:5.13px"> </div>disruption; </div><div id="a123066" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:443.8px;">–</div><div id="a123067" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:443.6px;"> </div><div id="a123068" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:443.8px;">accounting risks,<div style="display:inline-block;width:2.29px"> </div>where the transition affects<div style="display:inline-block;width:1.79px"> </div>the accounting treatment, including<div style="display:inline-block;width:2.12px"> </div>hedge accounting and consequential </div><div id="a123070" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:458.9px;">income statement volatility; </div><div id="a123072" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:474px;">–</div><div id="a123073" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:473.9px;"> </div><div id="a123074" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:474px;">valuation risks<div style="display:inline-block;width:5.66px"> </div>arising from<div style="display:inline-block;width:5.85px"> </div>the variation<div style="display:inline-block;width:5.52px"> </div>between<div style="display:inline-block;width:5.08px"> </div>benchmarks that<div style="display:inline-block;width:5.82px"> </div>will cease<div style="display:inline-block;width:5.42px"> </div>and<div style="display:inline-block;width:5.13px"> </div>ARRs, affecting<div style="display:inline-block;width:5.9px"> </div>the risk<div style="display:inline-block;width:5.15px"> </div>profile of </div><div id="a123075" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:489.7px;">financial instruments; </div><div id="a123077" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:504.8px;">–</div><div id="a123078" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:504.7px;"> </div><div id="a123079" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:504.8px;">operational<div style="display:inline-block;width:5.02px"> </div>risks arising<div style="display:inline-block;width:5.71px"> </div>from changes<div style="display:inline-block;width:6.21px"> </div>to UBS’s<div style="display:inline-block;width:5.86px"> </div>front-to-back processes<div style="display:inline-block;width:5.98px"> </div>and<div style="display:inline-block;width:5.13px"> </div>systems to<div style="display:inline-block;width:5.47px"> </div>accommodate the<div style="display:inline-block;width:5.73px"> </div>transition </div><div id="a123085" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:520.4px;">(e.g., data sourcing and processing<div style="display:inline-block;width:5.68px"> </div>and bulk migration of contracts); and </div><div id="a123090" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:535.6px;">–</div><div id="a123091" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:535.4px;"> </div><div id="a123092" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:535.6px;">legal and conduct risks relating to UBS’s<div style="display:inline-block;width:5.58px"> </div>engagement with clients and market<div style="display:inline-block;width:5.11px"> </div>counterparties around<div style="display:inline-block;width:5.19px"> </div>new benchmark </div><div id="a123094" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:551.2px;">products and amendments<div style="display:inline-block;width:5.18px"> </div>required for existing contracts referencing<div style="display:inline-block;width:5.04px"> </div>benchmarks that will cease. </div><div id="a123096" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:573.9px;">Overall, the effort required to transition is<div style="display:inline-block;width:2.02px"> </div>affected by multiple factors, including whether negotiations need to take place </div><div id="a123098" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:589px;">with multiple stakeholders (as is the<div style="display:inline-block;width:5.05px"> </div>case for syndicated loans or certain listed securities),<div style="display:inline-block;width:5.81px"> </div>market readiness and a client’s </div><div id="a123100" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:604.2px;">technical readiness to handle ARR market conventions. UBS remains confident that it has the transparency, oversight and </div><div id="a123102" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:619.8px;">operational<div style="display:inline-block;width:5.5px"> </div>preparedness<div style="display:inline-block;width:6.28px"> </div>to<div style="display:inline-block;width:5.25px"> </div>progress<div style="display:inline-block;width:6.08px"> </div>with<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>IBOR<div style="display:inline-block;width:5.4px"> </div>transition<div style="display:inline-block;width:5.19px"> </div>consistent<div style="display:inline-block;width:5.29px"> </div>with<div style="display:inline-block;width:5.72px"> </div>market<div style="display:inline-block;width:5.69px"> </div>timelines,<div style="display:inline-block;width:6.23px"> </div>given<div style="display:inline-block;width:5.3px"> </div>the<div style="display:inline-block;width:5.25px"> </div>significant </div><div id="a123104" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:634.9px;">progress made as of<div style="display:inline-block;width:2.28px"> </div>31 December 2022.<div style="display:inline-block;width:2.95px"> </div>UBS did not<div style="display:inline-block;width:2.06px"> </div>have and does not<div style="display:inline-block;width:1.9px"> </div>expect changes to<div style="display:inline-block;width:2.25px"> </div>its risk management<div style="display:inline-block;width:2.3px"> </div>approach </div><div id="a123109" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:650.5px;">and strategy as a result of interest<div style="display:inline-block;width:5.04px"> </div>rate benchmark reform. </div><div id="a123112" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:680.5px;">Transition progress<div style="display:inline-block;width:4.81px"> </div></div><div id="a123116" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:703.5px;">UBS’s significant<div style="display:inline-block;width:5.18px"> </div>non-derivative exposures<div style="display:inline-block;width:5.79px"> </div>subject to IBOR<div style="display:inline-block;width:5.65px"> </div>reform primarily related<div style="display:inline-block;width:5.57px"> </div>to brokerage<div style="display:inline-block;width:5.89px"> </div>receivable and payable </div><div id="a123124" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:719.1px;">balances, corporate<div style="display:inline-block;width:5.98px"> </div>and<div style="display:inline-block;width:5.13px"> </div>private loans,<div style="display:inline-block;width:5.82px"> </div>and<div style="display:inline-block;width:5.13px"> </div>mortgages,<div style="display:inline-block;width:5.03px"> </div>linked to<div style="display:inline-block;width:6.02px"> </div>CHF and<div style="display:inline-block;width:5.82px"> </div>USD LIBORs.<div style="display:inline-block;width:6.08px"> </div>During 2020,<div style="display:inline-block;width:6.25px"> </div>UBS transitioned </div><div id="a123128" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:734.3px;">most of its<div style="display:inline-block;width:5.67px"> </div>CHF LIBOR-<div style="display:inline-block;width:1.48px"> </div>linked deposits<div style="display:inline-block;width:5.48px"> </div>to the Swiss<div style="display:inline-block;width:6.17px"> </div>Average Overnight<div style="display:inline-block;width:5.43px"> </div>Rate (SA<div style="display:inline-block;width:1.45px"> </div>RON). In<div style="display:inline-block;width:5.39px"> </div>that same<div style="display:inline-block;width:5.1px"> </div>year,<div style="display:inline-block;width:5.69px"> </div>UBS launched </div><div id="a123140" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:749.9px;">SARON-based mortgages and<div style="display:inline-block;width:5.4px"> </div>corporate loans based on<div style="display:inline-block;width:5.25px"> </div>all major ARRs in the Swiss<div style="display:inline-block;width:5.21px"> </div>market, as well as Secure<div style="display:inline-block;width:5.63px"> </div>Overnight </div><div id="a123147" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:765px;">Financing Rate (SOFR)-based mortgages<div style="display:inline-block;width:5.04px"> </div>in the US market.<div style="display:inline-block;width:5.08px"> </div></div><div id="a123154" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:787.7px;">Throughout 2021, UBS transitioned substantially all of<div style="display:inline-block;width:5.05px"> </div>its private and corporate loans linked<div style="display:inline-block;width:5.05px"> </div>to non-USD IBORs, with the </div><div id="a123157" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:802.9px;">remaining CHF LIBOR-linked<div style="display:inline-block;width:5.03px"> </div>contracts transitioning<div style="display:inline-block;width:5.18px"> </div>on their first roll date<div style="display:inline-block;width:5.56px"> </div>in 2022. In addition,<div style="display:inline-block;width:5.28px"> </div>as of 31 December 2021 </div><div id="a123163" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:818.5px;">UBS<div style="display:inline-block;width:6.5px"> </div>had<div style="display:inline-block;width:6.55px"> </div>completed<div style="display:inline-block;width:6.14px"> </div>the<div style="display:inline-block;width:6.2px"> </div>transition<div style="display:inline-block;width:6.61px"> </div>of<div style="display:inline-block;width:6.2px"> </div>IBOR-linked<div style="display:inline-block;width:6.54px"> </div>non-derivative<div style="display:inline-block;width:6.86px"> </div>financial<div style="display:inline-block;width:6.36px"> </div>assets<div style="display:inline-block;width:7.09px"> </div>and<div style="display:inline-block;width:6.55px"> </div>liabilities<div style="display:inline-block;width:5.62px"> </div>related<div style="display:inline-block;width:6.65px"> </div>to<div style="display:inline-block;width:6.2px"> </div>brokerage </div><div id="a123168" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:833.6px;">accounts, except for balances originated<div style="display:inline-block;width:5.33px"> </div>in the US, which transitioned to<div style="display:inline-block;width:5.15px"> </div>SOFR in January 2022.</div></div><div id="TextBlockContainer726" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:579px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a123214" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">In 2022, UBS<div style="display:inline-block;width:2.05px"> </div>focused its<div style="display:inline-block;width:2.09px"> </div>efforts on<div style="display:inline-block;width:2.28px"> </div>the transition of<div style="display:inline-block;width:1.71px"> </div>USD LIBOR and<div style="display:inline-block;width:2.33px"> </div>the remaining non-USD LIBOR<div style="display:inline-block;width:1.74px"> </div>contracts, by leveraging </div><div id="a123217" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">industry solutions (e.g., the use of fallback<div style="display:inline-block;width:1.82px"> </div>provisions), through third-party actions (those by clearing houses, agents, etc.) </div><div id="a123221" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">and bi-lateral contract negotiations. As of 31 December 2022, the transition of non-USD IBORs is substantially complete. </div><div id="a123229" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:53.5px;">In addition,<div style="display:inline-block;width:6.43px"> </div>in 2022,<div style="display:inline-block;width:5.84px"> </div>substantially all<div style="display:inline-block;width:5.55px"> </div>US securities<div style="display:inline-block;width:1.36px"> </div>-based<div style="display:inline-block;width:5.03px"> </div>lending<div style="display:inline-block;width:5.33px"> </div>has<div style="display:inline-block;width:5.05px"> </div>been<div style="display:inline-block;width:5.13px"> </div>transitioned to<div style="display:inline-block;width:6.08px"> </div>SOFR and<div style="display:inline-block;width:6.08px"> </div>UBS continues<div style="display:inline-block;width:6.06px"> </div>to </div><div id="a123236" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:68.6px;">make<div style="display:inline-block;width:5.52px"> </div>good<div style="display:inline-block;width:6.01px"> </div>progress<div style="display:inline-block;width:6.08px"> </div>on<div style="display:inline-block;width:5.61px"> </div>the<div style="display:inline-block;width:5.72px"> </div>transition<div style="display:inline-block;width:5.66px"> </div>of<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.89px"> </div>remaining<div style="display:inline-block;width:6.01px"> </div>USD<div style="display:inline-block;width:5.51px"> </div>LIBOR<div style="display:inline-block;width:5.67px"> </div>non-derivative<div style="display:inline-block;width:5.97px"> </div>assets<div style="display:inline-block;width:5.67px"> </div>and<div style="display:inline-block;width:6.08px"> </div>liabilities,<div style="display:inline-block;width:5.38px"> </div>with<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>US </div><div id="a123242" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:84.2px;">mortgage portfolio of USD </div><div id="a123242_26_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:160.592px;top:84.2px;">9</div><div id="a123242_27_26" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.158px;top:84.2px;">bn (31 December 2021: USD </div><div id="a123242_53_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:336.125px;top:84.2px;">11</div><div id="a123242_55_55" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:350.785px;top:84.2px;">bn) the largest remaining exposure<div style="display:inline-block;width:5.47px"> </div>left to transition. </div><div id="a123252" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:106.9px;">In August<div style="display:inline-block;width:5.59px"> </div>2022, to<div style="display:inline-block;width:5.32px"> </div>facilitate the transition<div style="display:inline-block;width:5.42px"> </div>of derivatives<div style="display:inline-block;width:5.16px"> </div>linked to<div style="display:inline-block;width:5.08px"> </div>the USD<div style="display:inline-block;width:5.19px"> </div>LIBOR Swap<div style="display:inline-block;width:5.61px"> </div>Rate, UBS<div style="display:inline-block;width:5.34px"> </div>adhered to<div style="display:inline-block;width:5.58px"> </div>the June </div><div id="a123255" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:122.1px;">2022<div style="display:inline-block;width:5.07px"> </div>Benchmark Module<div style="display:inline-block;width:6.43px"> </div>of the<div style="display:inline-block;width:5.4px"> </div>ISDA 2021<div style="display:inline-block;width:5.84px"> </div>Fallbacks Protocol<div style="display:inline-block;width:5.65px"> </div>on<div style="display:inline-block;width:5.13px"> </div>the USD<div style="display:inline-block;width:5.66px"> </div>LIBOR Swap<div style="display:inline-block;width:6.08px"> </div>Rate.<div style="display:inline-block;width:5.2px"> </div>UBS will<div style="display:inline-block;width:5.45px"> </div>begin gradually </div><div id="a123257" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:137.7px;">transitioning USD LIBOR derivatives not transacted with clearing houses or exchanges from the first quarter of 2023. The </div><div id="a123261" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:152.8px;">transition of USD LIBOR-cleared derivatives<div style="display:inline-block;width:5.12px"> </div>is planned to commence in the second<div style="display:inline-block;width:5.87px"> </div>quarter of 2023. </div><div id="a123265" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:175.5px;">As of 31 December 2022, UBS had approximately USD </div><div id="a123265_50_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:315.792px;top:175.5px;">3</div><div id="a123265_51_64" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:323.358px;top:175.5px;">bn equivalent of yen- and US dollar-denominated publicly issued </div><div id="a123287" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:190.7px;">benchmark bonds that,<div style="display:inline-block;width:2.18px"> </div>per current contractual<div style="display:inline-block;width:1.85px"> </div>terms, if not<div style="display:inline-block;width:1.85px"> </div>called on their<div style="display:inline-block;width:1.61px"> </div>respective call dates,<div style="display:inline-block;width:2.04px"> </div>would reset based<div style="display:inline-block;width:2.2px"> </div>directly </div><div id="a123294" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:206.3px;">on<div style="display:inline-block;width:6.08px"> </div>JPY<div style="display:inline-block;width:5.47px"> </div>LIBOR<div style="display:inline-block;width:5.67px"> </div>and<div style="display:inline-block;width:6.08px"> </div>USD<div style="display:inline-block;width:5.98px"> </div>LIBOR.<div style="display:inline-block;width:5.89px"> </div>In<div style="display:inline-block;width:5.77px"> </div>addition,<div style="display:inline-block;width:6.23px"> </div>certain<div style="display:inline-block;width:5.74px"> </div>US<div style="display:inline-block;width:5.83px"> </div>dollar-denominated<div style="display:inline-block;width:5.8px"> </div>benchmark<div style="display:inline-block;width:5.77px"> </div>bonds<div style="display:inline-block;width:6.53px"> </div>publicly<div style="display:inline-block;width:5.56px"> </div>issued<div style="display:inline-block;width:6.07px"> </div>by<div style="display:inline-block;width:5.67px"> </div>UBS </div><div id="a123299" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:221.4px;">reference rates indirectly derived from IBORs, if they<div style="display:inline-block;width:2.34px"> </div>are not called on their respective call dates. These bonds have robust </div><div id="a123301" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:237px;">IBOR<div style="display:inline-block;width:5.4px"> </div>fallback<div style="display:inline-block;width:5.31px"> </div>language<div style="display:inline-block;width:5.91px"> </div>and<div style="display:inline-block;width:5.61px"> </div>the<div style="display:inline-block;width:5.25px"> </div>confirmation<div style="display:inline-block;width:5.46px"> </div>of<div style="display:inline-block;width:5.25px"> </div>interest<div style="display:inline-block;width:5.13px"> </div>rate<div style="display:inline-block;width:5.84px"> </div>calculation<div style="display:inline-block;width:5.41px"> </div>mechanics<div style="display:inline-block;width:5.94px"> </div>will be<div style="display:inline-block;width:6.72px"> </div>communicated<div style="display:inline-block;width:5.99px"> </div>as<div style="display:inline-block;width:5.25px"> </div>market </div><div id="a123302" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:252.2px;">standards formalize and in advance of any<div style="display:inline-block;width:2.09px"> </div>rate resets. These debt instruments have not been included in the table<div style="display:inline-block;width:2.05px"> </div>below, </div><div id="a123307" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:267.3px;">given their current fixed-rate coupon.<div style="display:inline-block;width:5.34px"> </div></div><div id="a123313" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:290.5px;">Financial instruments yet to transition<div style="display:inline-block;width:5.04px"> </div>to alternative benchmarks </div><div id="a123318" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:305.6px;">The amounts<div style="display:inline-block;width:5.38px"> </div>included in<div style="display:inline-block;width:5.33px"> </div>the table below<div style="display:inline-block;width:5.81px"> </div>relate to<div style="display:inline-block;width:5.18px"> </div>financial instrument<div style="display:inline-block;width:5.93px"> </div>contracts across<div style="display:inline-block;width:6.03px"> </div>UBS’s business<div style="display:inline-block;width:5.52px"> </div>divisions where </div><div id="a123319" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:320.8px;">UBS has material exposures<div style="display:inline-block;width:5.16px"> </div>subject to IBOR reform that have not<div style="display:inline-block;width:5.09px"> </div>yet transitioned to ARRs,<div style="display:inline-block;width:5.63px"> </div>and that: </div><div id="a123322" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:336.4px;">–</div><div id="a123323" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:336.3px;"> </div><div id="a123324" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:336.4px;">contractually reference an interest rate benchmark<div style="display:inline-block;width:5.46px"> </div>that will transition to an<div style="display:inline-block;width:5.07px"> </div>alternative benchmark; and </div><div id="a123326" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:351.5px;">–</div><div id="a123327" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:351.4px;"> </div><div id="a123328" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:351.5px;">have a contractual maturity date (including<div style="display:inline-block;width:5.76px"> </div>open-ended contracts) after the agreed<div style="display:inline-block;width:5.26px"> </div>cessation dates.<div style="display:inline-block;width:4.26px"> </div></div><div id="a123333" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:374.2px;">Contracts where penalty terms reference IBORs, or where exposure to<div style="display:inline-block;width:1.81px"> </div>an IBOR is not<div style="display:inline-block;width:2.33px"> </div>the primary purpose of the<div style="display:inline-block;width:2.13px"> </div>contract, </div><div id="a123337" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:389.4px;">have not been included,<div style="display:inline-block;width:5.25px"> </div>as these contracts do not have a material impact on<div style="display:inline-block;width:5.38px"> </div>the transition process.<div style="display:inline-block;width:4.86px"> </div></div><div id="a123340" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:412.6px;">In line<div style="display:inline-block;width:5.87px"> </div>with information<div style="display:inline-block;width:6.29px"> </div>provided<div style="display:inline-block;width:5.32px"> </div>to management<div style="display:inline-block;width:5.98px"> </div>and<div style="display:inline-block;width:5.13px"> </div>external parties<div style="display:inline-block;width:5.92px"> </div>monitoring<div style="display:inline-block;width:5.54px"> </div>UBS’s<div style="display:inline-block;width:5.24px"> </div>transition progress,<div style="display:inline-block;width:6.75px"> </div>the table </div><div id="a123342" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:427.7px;">below<div style="display:inline-block;width:5.64px"> </div>includes<div style="display:inline-block;width:5.45px"> </div>the<div style="display:inline-block;width:5.25px"> </div>following<div style="display:inline-block;width:5.65px"> </div>financial metrics<div style="display:inline-block;width:6.69px"> </div>for<div style="display:inline-block;width:5.57px"> </div>instruments<div style="display:inline-block;width:5.85px"> </div>external<div style="display:inline-block;width:5.5px"> </div>to<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>Group<div style="display:inline-block;width:6.36px"> </div>that<div style="display:inline-block;width:5.1px"> </div>are<div style="display:inline-block;width:5.33px"> </div>subject<div style="display:inline-block;width:5.2px"> </div>to<div style="display:inline-block;width:5.25px"> </div>interest<div style="display:inline-block;width:5.6px"> </div>rate </div><div id="a123350" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:442.8px;">benchmark reform: </div><div id="a123352" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:458.4px;">–</div><div id="a123353" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:458.3px;"> </div><div id="a123354" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:458.4px;">gross carrying value / exposure for non<div style="display:inline-block;width:2px"> </div>-derivative financial instruments; and<div style="display:inline-block;width:5.01px"> </div></div><div id="a123358" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:473.6px;">–</div><div id="a123359" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:473.4px;"> </div><div id="a123360" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:473.6px;">total trade count for derivative financial<div style="display:inline-block;width:5.05px"> </div>instruments. </div><div id="a123362" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:496.3px;">The<div style="display:inline-block;width:5.4px"> </div>exposures<div style="display:inline-block;width:5.86px"> </div>included<div style="display:inline-block;width:5.63px"> </div>in the<div style="display:inline-block;width:6.4px"> </div>table<div style="display:inline-block;width:5.15px"> </div>below<div style="display:inline-block;width:5.61px"> </div>reflect the<div style="display:inline-block;width:6.34px"> </div>maximum<div style="display:inline-block;width:5.11px"> </div>IBOR<div style="display:inline-block;width:5.87px"> </div>exposure,<div style="display:inline-block;width:5.94px"> </div>without<div style="display:inline-block;width:5.03px"> </div>regard<div style="display:inline-block;width:5.78px"> </div>for<div style="display:inline-block;width:5.1px"> </div>early termination </div><div id="a123372" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:511.4px;">rights, with the actual exposure<div style="display:inline-block;width:5.32px"> </div>being dependent upon client preferences and<div style="display:inline-block;width:5.37px"> </div>investment decisions.<div style="display:inline-block;width:4.66px"> </div></div><div id="a123380" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:534.6px;">As of<div style="display:inline-block;width:5.08px"> </div>31 December 202<div style="display:inline-block;width:1.64px"> </div>2,<div style="display:inline-block;width:4.56px"> </div>UBS had<div style="display:inline-block;width:5.62px"> </div>made significant progress<div style="display:inline-block;width:6.17px"> </div>in transitioning<div style="display:inline-block;width:5.69px"> </div>LIBOR exposures<div style="display:inline-block;width:5.89px"> </div>to ARRs.<div style="display:inline-block;width:5.59px"> </div>The remaining </div><div id="a123388" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:549.7px;">USD<div style="display:inline-block;width:6.01px"> </div>LIBOR-linked<div style="display:inline-block;width:5.71px"> </div>exposures<div style="display:inline-block;width:6.26px"> </div>included<div style="display:inline-block;width:6.07px"> </div>in<div style="display:inline-block;width:5.77px"> </div>the<div style="display:inline-block;width:5.72px"> </div>table<div style="display:inline-block;width:5.62px"> </div>below<div style="display:inline-block;width:6.08px"> </div>primarily<div style="display:inline-block;width:6.06px"> </div>relate<div style="display:inline-block;width:6.45px"> </div>to<div style="display:inline-block;width:5.72px"> </div>derivatives<div style="display:inline-block;width:5.48px"> </div>and<div style="display:inline-block;width:6.15px"> </div>US<div style="display:inline-block;width:5.83px"> </div>mortgages,<div style="display:inline-block;width:6.45px"> </div>with<div style="display:inline-block;width:5.72px"> </div>the </div><div id="a123396" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:564.9px;">transition planned to be<div style="display:inline-block;width:5.04px"> </div>completed by 30 June 2023.</div></div><div id="TextBlockContainer730" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#9A3D37;line-height:normal;width:685px;height:287px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_728_XBRL_TS_40a813d6ffa04100ab1cf25ac44d3dfa" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer729" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#9A3D37;line-height:normal;width:685px;height:287px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a123406" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.097px;top:0px;">LIBOR benchmark rates </div><div id="a123411" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:13.7px;">31.12.22</div><div id="a123412" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:359.977px;top:14.4px;">1</div><div id="a123415" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.764px;top:13.7px;">31.12.21 </div><div id="a123418" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:236.004px;top:27.5px;">Measure </div><div id="a123421" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.657px;top:27.5px;">USD </div><div id="a123424" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:422.43px;top:27.5px;">USD </div><div id="a123426" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:482.99px;top:27.5px;">CHF </div><div id="a123428" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:542.604px;top:27.5px;">GBP </div><div id="a123430" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:600.364px;top:27.5px;">EUR</div><div id="a123431" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:615.497px;top:28.1px;">2 </div><div id="a123433" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:665.657px;top:27.5px;">JPY </div><div id="a123435" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:42.1px;">Carrying value of non<div style="display:inline-block;width:1.39px"> </div>-derivative financial instruments </div><div id="a123448" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:57.7px;">Total non-derivative financial assets<div style="display:inline-block;width:4.16px"> </div></div><div id="a123452" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:236.004px;top:57.7px;">USD m </div><div id="a123455_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:342.95px;top:57.7px;">14,269</div><div id="a123457" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:369.43px;top:58.4px;">3 </div><div id="a123460_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:409.19px;top:57.7px;">65,234</div><div id="a123462" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:435.204px;top:58.4px;">3 </div><div id="a123464_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:469.284px;top:57.7px;">21,616</div><div id="a123466" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:495.324px;top:58.4px;">4 </div><div id="a123468_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:545.924px;top:57.7px;">45</div><div id="a123470" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:555.404px;top:58.4px;">5 </div><div id="a123472_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:613.604px;top:57.7px;">1</div><div id="a123475_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.697px;top:57.7px;">0</div><div id="a123478" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:71.9px;">Total non-derivative financial liabilities<div style="display:inline-block;width:3.86px"> </div></div><div id="a123482" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:236.004px;top:71.9px;">USD m </div><div id="a123485_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:347.684px;top:71.9px;">1,138</div><div id="a123487" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:369.43px;top:72.6px;">5 </div><div id="a123490_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:413.91px;top:71.9px;">1,985</div><div id="a123492" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:435.204px;top:72.6px;">5 </div><div id="a123494_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:485.83px;top:71.9px;">27</div><div id="a123496" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:495.324px;top:72.6px;">5 </div><div id="a123498_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:550.684px;top:71.9px;">3</div><div id="a123500" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:555.404px;top:72.6px;">5 </div><div id="a123502_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:610.777px;top:71.9px;">5</div><div id="a123504" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:615.497px;top:72.6px;">6 </div><div id="a123506_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.697px;top:71.9px;">0</div><div id="a123519" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:97.9px;">Trade count<div style="display:inline-block;width:3.97px"> </div>of derivative financial instruments </div><div id="a123530" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:112.1px;">Total derivative financial instruments </div><div id="a123532" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:236.004px;top:112.1px;">Trade count </div><div id="a123535_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:342.95px;top:112.1px;">32,006</div><div id="a123537" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:369.43px;top:112.8px;">7 </div><div id="a123540_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:404.457px;top:112.1px;">40,500</div><div id="a123542" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:430.47px;top:112.8px;">7,8</div><div id="a123544_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.097px;top:112.1px;">829</div><div id="a123546" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:495.324px;top:112.8px;">9 </div><div id="a123548_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:541.19px;top:112.1px;">183</div><div id="a123550" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:555.404px;top:112.8px;">9 </div><div id="a123552_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:594.19px;top:112.1px;">3,744</div><div id="a123554" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:615.497px;top:112.8px;">9 </div><div id="a123556_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:661.404px;top:112.1px;">184</div><div id="a123558" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:675.59px;top:112.8px;">9 </div><div id="a123570" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:138.1px;">Off-balance sheet exposures </div><div id="a123583" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:152.8px;">Total irrevocable loan commitments </div><div id="a123585" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:236.004px;top:152.8px;">USD m </div><div id="a123588_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.844px;top:152.8px;">4,606</div><div id="a123590" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:366.59px;top:153.5px;">10 </div><div id="a123593_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:406.35px;top:152.8px;">11,863</div><div id="a123595" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:432.364px;top:153.5px;">11 </div><div id="a123597_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:493.39px;top:152.8px;">0</div><div id="a123600_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:553.524px;top:152.8px;">0</div><div id="a123603_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:613.604px;top:152.8px;">0</div><div id="a123606_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.697px;top:152.8px;">0</div><div id="a123609" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:166.9px;">1 As of 31 December<div style="display:inline-block;width:3.38px"> </div>2022, non-USD<div style="display:inline-block;width:4.02px"> </div>balances and trade<div style="display:inline-block;width:3.81px"> </div>counts are minimal.<div style="display:inline-block;width:10.66px"> </div>2 Relates primarily<div style="display:inline-block;width:3.79px"> </div>to EUR LIBOR<div style="display:inline-block;width:3.77px"> </div>positions.<div style="display:inline-block;width:9.91px"> </div>3 Includes USD </div><div id="a123609_138_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:453.644px;top:166.9px;">1</div><div id="a123609_139_26" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:458.373px;top:166.9px;">bn (31 December 2021:<div style="display:inline-block;width:3.9px"> </div>USD </div><div id="a123609_165_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:551.63px;top:166.9px;">1</div><div id="a123609_166_40" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:555.886px;top:166.9px;">bn) of loans<div style="display:inline-block;width:3.47px"> </div>related to revolving<div style="display:inline-block;width:4.07px"> </div>multi-</div><div id="a123627" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:177.3px;">currency credit lines, where IBOR transition efforts are complete,<div style="display:inline-block;width:3.96px"> </div>except for USD LIBOR. Balances as of 31 December 2021<div style="display:inline-block;width:3.57px"> </div>also include USD </div><div id="a123627_138_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:439.451px;top:177.3px;">37</div><div id="a123627_140_46" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:447.963px;top:177.3px;">bn USD LIBOR securities-based lending and USD </div><div id="a123627_186_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:600.309px;top:177.3px;">5</div><div id="a123627_187_23" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:604.565px;top:177.3px;">bn brokerage accounts, </div><div id="a123633" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:187.3px;">which for the most part transitioned<div style="display:inline-block;width:4.25px"> </div>to SOFR in January<div style="display:inline-block;width:3.56px"> </div>2022. The remaining<div style="display:inline-block;width:3.85px"> </div>balances as of 31<div style="display:inline-block;width:3.52px"> </div>December 2022 and 31<div style="display:inline-block;width:3.4px"> </div>December 2021<div style="display:inline-block;width:3.46px"> </div>primarily relate to<div style="display:inline-block;width:3.62px"> </div>US mortgages and corporate<div style="display:inline-block;width:3.88px"> </div>lending.<div style="display:inline-block;width:9.14px"> </div>4 Relates primarily </div><div id="a123638" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:197.7px;">to CHF LIBOR<div style="display:inline-block;width:3.45px"> </div>mortgages, which<div style="display:inline-block;width:4.26px"> </div>have automatically<div style="display:inline-block;width:3.93px"> </div>transitioned to SARON<div style="display:inline-block;width:4.07px"> </div>on their first<div style="display:inline-block;width:3.46px"> </div>roll date in<div style="display:inline-block;width:3.62px"> </div>2022.<div style="display:inline-block;width:9.99px"> </div>5 Relates to<div style="display:inline-block;width:3.55px"> </div>floating-rate<div style="display:inline-block;width:3.5px"> </div>notes that per<div style="display:inline-block;width:3.47px"> </div>their contractual<div style="display:inline-block;width:3.47px"> </div>terms can<div style="display:inline-block;width:3.47px"> </div>reset to rates<div style="display:inline-block;width:3.63px"> </div>linked to<div style="display:inline-block;width:3.62px"> </div>LIBOR, with </div><div id="a123643" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:207.6px;">transition dependent<div style="display:inline-block;width:3.62px"> </div>upon the actions<div style="display:inline-block;width:4.1px"> </div>of respective issuers.<div style="display:inline-block;width:10.87px"> </div>6 Relates to<div style="display:inline-block;width:3.45px"> </div>contracts that<div style="display:inline-block;width:3.47px"> </div>transitioned in<div style="display:inline-block;width:3.93px"> </div>January 2022.<div style="display:inline-block;width:10.56px"> </div>7 Includes approximately </div><div id="a123643_150_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:470.669px;top:207.6px;">2,000</div><div id="a123643_155_20" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:489.585px;top:207.6px;"><div style="display:inline-block;width:2.36px"> </div>(31 December 2021: </div><div id="a123643_175_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:559.634px;top:207.6px;">1,000</div><div id="a123643_180_33" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:578.55px;top:207.6px;">) contracts having a<div style="display:inline-block;width:3.63px"> </div>contractual </div><div id="a123651" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:217.5px;">maturity after 30 June 2023, with the<div style="display:inline-block;width:3.46px"> </div>last USD LIBOR fixing occurring<div style="display:inline-block;width:3.84px"> </div>before 30 June 2023. No further contractual<div style="display:inline-block;width:4.21px"> </div>fixing is required for these contracts.<div style="display:inline-block;width:10.89px"> </div>8 Includes approximately </div><div id="a123651_182_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:567.163px;top:217.5px;">5,000</div><div id="a123651_187_32" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:586.079px;top:217.5px;"><div style="display:inline-block;width:1.89px"> </div>cross-currency derivatives,<div style="display:inline-block;width:4.19px"> </div>of </div><div id="a123659" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:227.9px;">which approximately </div><div id="a123659_20_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:69.86px;top:227.9px;">500</div><div id="a123659_23_183" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:82.629px;top:227.9px;"><div style="display:inline-block;width:2.36px"> </div>have both a non-USD LIBOR<div style="display:inline-block;width:3.71px"> </div>leg and a USD LIBOR<div style="display:inline-block;width:3.63px"> </div>leg, where the<div style="display:inline-block;width:3.38px"> </div>non-USD leg transitioned in<div style="display:inline-block;width:3.65px"> </div>January 2022 before<div style="display:inline-block;width:3.63px"> </div>the next fixing date.<div style="display:inline-block;width:3.65px"> </div>The remainder represents<div style="display:inline-block;width:3.79px"> </div>cross-currency swaps<div style="display:inline-block;width:3.98px"> </div>with </div><div id="a123667" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:237.9px;">an ARR leg and a USD IBOR leg.<div style="display:inline-block;width:6.8px"> </div>9 Includes predominantly bilateral<div style="display:inline-block;width:3.7px"> </div>derivatives, which transitioned<div style="display:inline-block;width:3.6px"> </div>in January 2022, and an insignificant amount of cleared<div style="display:inline-block;width:3.54px"> </div>derivatives, where the respective clearing<div style="display:inline-block;width:3.46px"> </div>houses’ organized </div><div id="a123671" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:248.3px;">transition happened in<div style="display:inline-block;width:3.79px"> </div>January 2022.<div style="display:inline-block;width:9.62px"> </div>10 Includes approximately<div style="display:inline-block;width:4.29px"> </div>USD </div><div id="a123671_70_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:230.741px;top:248.3px;">3</div><div id="a123671_71_137" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:234.997px;top:248.3px;">bn of loan commitments<div style="display:inline-block;width:4.23px"> </div>that can be drawn<div style="display:inline-block;width:3.66px"> </div>in different currencies,<div style="display:inline-block;width:4.43px"> </div>however only USD<div style="display:inline-block;width:3.61px"> </div>LIBOR transition<div style="display:inline-block;width:3.86px"> </div>efforts remain open,<div style="display:inline-block;width:3.63px"> </div>with completion </div><div id="a123676" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:258.2px;">scheduled for 2023.<div style="display:inline-block;width:9.05px"> </div>11 Includes loan commitments<div style="display:inline-block;width:3.86px"> </div>that can be drawn in<div style="display:inline-block;width:3.5px"> </div>different currencies at the<div style="display:inline-block;width:3.65px"> </div>client‘s discretion, of which<div style="display:inline-block;width:3.47px"> </div>approximately USD </div><div id="a123676_149_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:472.59px;top:258.2px;">3</div><div id="a123676_150_60" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:476.846px;top:258.2px;">bn have only USD LIBOR<div style="display:inline-block;width:3.45px"> </div>exposure remaining and approximately </div><div id="a123681" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:268.6px;">USD </div><div id="a123681_4_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:18.314px;top:268.6px;">2</div><div id="a123681_5_207" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:22.57px;top:268.6px;">bn retain a non-USD<div style="display:inline-block;width:3.55px"> </div>LIBOR interest rate,<div style="display:inline-block;width:3.78px"> </div>with transition dependent<div style="display:inline-block;width:4.1px"> </div>upon the actions of other<div style="display:inline-block;width:3.62px"> </div>parties. The remainder<div style="display:inline-block;width:3.64px"> </div>represents loan commitments<div style="display:inline-block;width:4.76px"> </div>that can be drawn in<div style="display:inline-block;width:3.5px"> </div>US dollars only and will transition<div style="display:inline-block;width:4.4px"> </div>on or </div><div id="a123687" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:278.6px;">before 30 June 2023.</div></div></div></div> 9000000000 11000000000 3000000000 <div id="TextBlockContainer729" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#9A3D37;line-height:normal;width:685px;height:287px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a123406" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.097px;top:0px;">LIBOR benchmark rates </div><div id="a123411" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:13.7px;">31.12.22</div><div id="a123412" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:359.977px;top:14.4px;">1</div><div id="a123415" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.764px;top:13.7px;">31.12.21 </div><div id="a123418" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:236.004px;top:27.5px;">Measure </div><div id="a123421" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.657px;top:27.5px;">USD </div><div id="a123424" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:422.43px;top:27.5px;">USD </div><div id="a123426" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:482.99px;top:27.5px;">CHF </div><div id="a123428" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:542.604px;top:27.5px;">GBP </div><div id="a123430" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:600.364px;top:27.5px;">EUR</div><div id="a123431" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:615.497px;top:28.1px;">2 </div><div id="a123433" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:665.657px;top:27.5px;">JPY </div><div id="a123435" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:42.1px;">Carrying value of non<div style="display:inline-block;width:1.39px"> </div>-derivative financial instruments </div><div id="a123448" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:57.7px;">Total non-derivative financial assets<div style="display:inline-block;width:4.16px"> </div></div><div id="a123452" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:236.004px;top:57.7px;">USD m </div><div id="a123455_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:342.95px;top:57.7px;">14,269</div><div id="a123457" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:369.43px;top:58.4px;">3 </div><div id="a123460_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:409.19px;top:57.7px;">65,234</div><div id="a123462" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:435.204px;top:58.4px;">3 </div><div id="a123464_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:469.284px;top:57.7px;">21,616</div><div id="a123466" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:495.324px;top:58.4px;">4 </div><div id="a123468_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:545.924px;top:57.7px;">45</div><div id="a123470" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:555.404px;top:58.4px;">5 </div><div id="a123472_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:613.604px;top:57.7px;">1</div><div id="a123475_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.697px;top:57.7px;">0</div><div id="a123478" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:71.9px;">Total non-derivative financial liabilities<div style="display:inline-block;width:3.86px"> </div></div><div id="a123482" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:236.004px;top:71.9px;">USD m </div><div id="a123485_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:347.684px;top:71.9px;">1,138</div><div id="a123487" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:369.43px;top:72.6px;">5 </div><div id="a123490_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:413.91px;top:71.9px;">1,985</div><div id="a123492" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:435.204px;top:72.6px;">5 </div><div id="a123494_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:485.83px;top:71.9px;">27</div><div id="a123496" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:495.324px;top:72.6px;">5 </div><div id="a123498_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:550.684px;top:71.9px;">3</div><div id="a123500" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:555.404px;top:72.6px;">5 </div><div id="a123502_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:610.777px;top:71.9px;">5</div><div id="a123504" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:615.497px;top:72.6px;">6 </div><div id="a123506_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.697px;top:71.9px;">0</div><div id="a123519" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:97.9px;">Trade count<div style="display:inline-block;width:3.97px"> </div>of derivative financial instruments </div><div id="a123530" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:112.1px;">Total derivative financial instruments </div><div id="a123532" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:236.004px;top:112.1px;">Trade count </div><div id="a123535_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:342.95px;top:112.1px;">32,006</div><div id="a123537" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:369.43px;top:112.8px;">7 </div><div id="a123540_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:404.457px;top:112.1px;">40,500</div><div id="a123542" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:430.47px;top:112.8px;">7,8</div><div id="a123544_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.097px;top:112.1px;">829</div><div id="a123546" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:495.324px;top:112.8px;">9 </div><div id="a123548_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:541.19px;top:112.1px;">183</div><div id="a123550" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:555.404px;top:112.8px;">9 </div><div id="a123552_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:594.19px;top:112.1px;">3,744</div><div id="a123554" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:615.497px;top:112.8px;">9 </div><div id="a123556_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:661.404px;top:112.1px;">184</div><div id="a123558" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:675.59px;top:112.8px;">9 </div><div id="a123570" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:138.1px;">Off-balance sheet exposures </div><div id="a123583" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:152.8px;">Total irrevocable loan commitments </div><div id="a123585" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:236.004px;top:152.8px;">USD m </div><div id="a123588_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.844px;top:152.8px;">4,606</div><div id="a123590" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:366.59px;top:153.5px;">10 </div><div id="a123593_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:406.35px;top:152.8px;">11,863</div><div id="a123595" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:432.364px;top:153.5px;">11 </div><div id="a123597_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:493.39px;top:152.8px;">0</div><div id="a123600_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:553.524px;top:152.8px;">0</div><div id="a123603_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:613.604px;top:152.8px;">0</div><div id="a123606_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.697px;top:152.8px;">0</div><div id="a123609" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:166.9px;">1 As of 31 December<div style="display:inline-block;width:3.38px"> </div>2022, non-USD<div style="display:inline-block;width:4.02px"> </div>balances and trade<div style="display:inline-block;width:3.81px"> </div>counts are minimal.<div style="display:inline-block;width:10.66px"> </div>2 Relates primarily<div style="display:inline-block;width:3.79px"> </div>to EUR LIBOR<div style="display:inline-block;width:3.77px"> </div>positions.<div style="display:inline-block;width:9.91px"> </div>3 Includes USD </div><div id="a123609_138_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:453.644px;top:166.9px;">1</div><div id="a123609_139_26" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:458.373px;top:166.9px;">bn (31 December 2021:<div style="display:inline-block;width:3.9px"> </div>USD </div><div id="a123609_165_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:551.63px;top:166.9px;">1</div><div id="a123609_166_40" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:555.886px;top:166.9px;">bn) of loans<div style="display:inline-block;width:3.47px"> </div>related to revolving<div style="display:inline-block;width:4.07px"> </div>multi-</div><div id="a123627" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:177.3px;">currency credit lines, where IBOR transition efforts are complete,<div style="display:inline-block;width:3.96px"> </div>except for USD LIBOR. Balances as of 31 December 2021<div style="display:inline-block;width:3.57px"> </div>also include USD </div><div id="a123627_138_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:439.451px;top:177.3px;">37</div><div id="a123627_140_46" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:447.963px;top:177.3px;">bn USD LIBOR securities-based lending and USD </div><div id="a123627_186_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:600.309px;top:177.3px;">5</div><div id="a123627_187_23" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:604.565px;top:177.3px;">bn brokerage accounts, </div><div id="a123633" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:187.3px;">which for the most part transitioned<div style="display:inline-block;width:4.25px"> </div>to SOFR in January<div style="display:inline-block;width:3.56px"> </div>2022. The remaining<div style="display:inline-block;width:3.85px"> </div>balances as of 31<div style="display:inline-block;width:3.52px"> </div>December 2022 and 31<div style="display:inline-block;width:3.4px"> </div>December 2021<div style="display:inline-block;width:3.46px"> </div>primarily relate to<div style="display:inline-block;width:3.62px"> </div>US mortgages and corporate<div style="display:inline-block;width:3.88px"> </div>lending.<div style="display:inline-block;width:9.14px"> </div>4 Relates primarily </div><div id="a123638" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:197.7px;">to CHF LIBOR<div style="display:inline-block;width:3.45px"> </div>mortgages, which<div style="display:inline-block;width:4.26px"> </div>have automatically<div style="display:inline-block;width:3.93px"> </div>transitioned to SARON<div style="display:inline-block;width:4.07px"> </div>on their first<div style="display:inline-block;width:3.46px"> </div>roll date in<div style="display:inline-block;width:3.62px"> </div>2022.<div style="display:inline-block;width:9.99px"> </div>5 Relates to<div style="display:inline-block;width:3.55px"> </div>floating-rate<div style="display:inline-block;width:3.5px"> </div>notes that per<div style="display:inline-block;width:3.47px"> </div>their contractual<div style="display:inline-block;width:3.47px"> </div>terms can<div style="display:inline-block;width:3.47px"> </div>reset to rates<div style="display:inline-block;width:3.63px"> </div>linked to<div style="display:inline-block;width:3.62px"> </div>LIBOR, with </div><div id="a123643" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:207.6px;">transition dependent<div style="display:inline-block;width:3.62px"> </div>upon the actions<div style="display:inline-block;width:4.1px"> </div>of respective issuers.<div style="display:inline-block;width:10.87px"> </div>6 Relates to<div style="display:inline-block;width:3.45px"> </div>contracts that<div style="display:inline-block;width:3.47px"> </div>transitioned in<div style="display:inline-block;width:3.93px"> </div>January 2022.<div style="display:inline-block;width:10.56px"> </div>7 Includes approximately </div><div id="a123643_150_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:470.669px;top:207.6px;">2,000</div><div id="a123643_155_20" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:489.585px;top:207.6px;"><div style="display:inline-block;width:2.36px"> </div>(31 December 2021: </div><div id="a123643_175_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:559.634px;top:207.6px;">1,000</div><div id="a123643_180_33" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:578.55px;top:207.6px;">) contracts having a<div style="display:inline-block;width:3.63px"> </div>contractual </div><div id="a123651" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:217.5px;">maturity after 30 June 2023, with the<div style="display:inline-block;width:3.46px"> </div>last USD LIBOR fixing occurring<div style="display:inline-block;width:3.84px"> </div>before 30 June 2023. No further contractual<div style="display:inline-block;width:4.21px"> </div>fixing is required for these contracts.<div style="display:inline-block;width:10.89px"> </div>8 Includes approximately </div><div id="a123651_182_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:567.163px;top:217.5px;">5,000</div><div id="a123651_187_32" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:586.079px;top:217.5px;"><div style="display:inline-block;width:1.89px"> </div>cross-currency derivatives,<div style="display:inline-block;width:4.19px"> </div>of </div><div id="a123659" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:227.9px;">which approximately </div><div id="a123659_20_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:69.86px;top:227.9px;">500</div><div id="a123659_23_183" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:82.629px;top:227.9px;"><div style="display:inline-block;width:2.36px"> </div>have both a non-USD LIBOR<div style="display:inline-block;width:3.71px"> </div>leg and a USD LIBOR<div style="display:inline-block;width:3.63px"> </div>leg, where the<div style="display:inline-block;width:3.38px"> </div>non-USD leg transitioned in<div style="display:inline-block;width:3.65px"> </div>January 2022 before<div style="display:inline-block;width:3.63px"> </div>the next fixing date.<div style="display:inline-block;width:3.65px"> </div>The remainder represents<div style="display:inline-block;width:3.79px"> </div>cross-currency swaps<div style="display:inline-block;width:3.98px"> </div>with </div><div id="a123667" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:237.9px;">an ARR leg and a USD IBOR leg.<div style="display:inline-block;width:6.8px"> </div>9 Includes predominantly bilateral<div style="display:inline-block;width:3.7px"> </div>derivatives, which transitioned<div style="display:inline-block;width:3.6px"> </div>in January 2022, and an insignificant amount of cleared<div style="display:inline-block;width:3.54px"> </div>derivatives, where the respective clearing<div style="display:inline-block;width:3.46px"> </div>houses’ organized </div><div id="a123671" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:248.3px;">transition happened in<div style="display:inline-block;width:3.79px"> </div>January 2022.<div style="display:inline-block;width:9.62px"> </div>10 Includes approximately<div style="display:inline-block;width:4.29px"> </div>USD </div><div id="a123671_70_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:230.741px;top:248.3px;">3</div><div id="a123671_71_137" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:234.997px;top:248.3px;">bn of loan commitments<div style="display:inline-block;width:4.23px"> </div>that can be drawn<div style="display:inline-block;width:3.66px"> </div>in different currencies,<div style="display:inline-block;width:4.43px"> </div>however only USD<div style="display:inline-block;width:3.61px"> </div>LIBOR transition<div style="display:inline-block;width:3.86px"> </div>efforts remain open,<div style="display:inline-block;width:3.63px"> </div>with completion </div><div id="a123676" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:258.2px;">scheduled for 2023.<div style="display:inline-block;width:9.05px"> </div>11 Includes loan commitments<div style="display:inline-block;width:3.86px"> </div>that can be drawn in<div style="display:inline-block;width:3.5px"> </div>different currencies at the<div style="display:inline-block;width:3.65px"> </div>client‘s discretion, of which<div style="display:inline-block;width:3.47px"> </div>approximately USD </div><div id="a123676_149_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:472.59px;top:258.2px;">3</div><div id="a123676_150_60" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:476.846px;top:258.2px;">bn have only USD LIBOR<div style="display:inline-block;width:3.45px"> </div>exposure remaining and approximately </div><div id="a123681" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:268.6px;">USD </div><div id="a123681_4_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:18.314px;top:268.6px;">2</div><div id="a123681_5_207" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:22.57px;top:268.6px;">bn retain a non-USD<div style="display:inline-block;width:3.55px"> </div>LIBOR interest rate,<div style="display:inline-block;width:3.78px"> </div>with transition dependent<div style="display:inline-block;width:4.1px"> </div>upon the actions of other<div style="display:inline-block;width:3.62px"> </div>parties. The remainder<div style="display:inline-block;width:3.64px"> </div>represents loan commitments<div style="display:inline-block;width:4.76px"> </div>that can be drawn in<div style="display:inline-block;width:3.5px"> </div>US dollars only and will transition<div style="display:inline-block;width:4.4px"> </div>on or </div><div id="a123687" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:278.6px;">before 30 June 2023.</div></div> 14269000000 65234000000 21616000000 45000000 1000000 0 1138000000 1985000000 27000000 3000000 5000000 0 32006 40500 829 183 3744 184 4606000000 11863000000 0 0 0 0 1000000000 1000000000 37000000000 5000000000 2000 1000 5000 500 3000000000 3000000000 2000000000 <div id="TextBlockContainer732" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:888px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a123724" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 25<div style="display:inline-block;width:8.21px"> </div>Hedge accounting </div><div id="a123730" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#E60000;left:4.905px;top:34.5px;">Derivatives designated in<div style="display:inline-block;width:5.04px"> </div>hedge accounting relationships </div><div id="a123735" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:57.6px;">The Group applies hedge accounting to interest<div style="display:inline-block;width:2.12px"> </div>rate risk and foreign exchange risk, including structural<div style="display:inline-block;width:1.66px"> </div>foreign exchange </div><div id="a123736" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:73.2px;">risk related to net investments in foreign<div style="display:inline-block;width:5.54px"> </div>operations.<div style="display:inline-block;width:4.52px"> </div></div><div id="a123738" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:84.9px;">›</div><div id="a123739" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:85.1px;"> </div><div id="a123740" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:89.7px;">Refer to “Market risk”<div style="display:inline-block;width:1.38px"> </div>in the “Risk<div style="display:inline-block;width:1.65px"> </div>management and<div style="display:inline-block;width:1.21px"> </div>control” section of<div style="display:inline-block;width:1.55px"> </div>this report for<div style="display:inline-block;width:1.58px"> </div>more information about<div style="display:inline-block;width:1.15px"> </div>how risks arise </div><div id="a123746" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:104.4px;">and how they are managed<div style="display:inline-block;width:0.63px"> </div>by the Group </div><div id="a123748" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:125.2px;">Hedging instruments and<div style="display:inline-block;width:5.24px"> </div>hedged risk </div><div id="a123750" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:140.4px;">Interest rate swaps are designated in<div style="display:inline-block;width:2.28px"> </div>fair value hedges<div style="display:inline-block;width:2.24px"> </div>or cash flow hedges<div style="display:inline-block;width:2.25px"> </div>of interest rate<div style="display:inline-block;width:1.77px"> </div>risk arising solely from changes </div><div id="a123752" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:155.5px;">in benchmark<div style="display:inline-block;width:5.98px"> </div>interest rates.<div style="display:inline-block;width:6.03px"> </div>Fair value<div style="display:inline-block;width:5.69px"> </div>changes<div style="display:inline-block;width:5.18px"> </div>arising<div style="display:inline-block;width:5.01px"> </div>from such<div style="display:inline-block;width:6.03px"> </div>risk are<div style="display:inline-block;width:5.66px"> </div>usually the<div style="display:inline-block;width:5.87px"> </div>largest component<div style="display:inline-block;width:6.12px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>overall </div><div id="a123756" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:171.1px;">change in the fair value of the hedged<div style="display:inline-block;width:5.45px"> </div>position in transaction currency.<div style="display:inline-block;width:5.14px"> </div></div><div id="a123759" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:193.8px;">Cross-currency<div style="display:inline-block;width:5.82px"> </div>swaps<div style="display:inline-block;width:6.08px"> </div>are<div style="display:inline-block;width:5.76px"> </div>designated<div style="display:inline-block;width:6.28px"> </div>as<div style="display:inline-block;width:5.72px"> </div>fair<div style="display:inline-block;width:5.74px"> </div>value<div style="display:inline-block;width:5.57px"> </div>hedges<div style="display:inline-block;width:6.33px"> </div>of<div style="display:inline-block;width:5.72px"> </div>foreign<div style="display:inline-block;width:6.11px"> </div>exchange<div style="display:inline-block;width:5.88px"> </div>risk.<div style="display:inline-block;width:6.04px"> </div>Foreign<div style="display:inline-block;width:6.06px"> </div>exchange<div style="display:inline-block;width:5.88px"> </div>forwards<div style="display:inline-block;width:6.01px"> </div>and </div><div id="a123762" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:209px;">foreign exchange<div style="display:inline-block;width:5.47px"> </div>swaps are<div style="display:inline-block;width:5.32px"> </div>mainly designated<div style="display:inline-block;width:5.07px"> </div>as hedges of<div style="display:inline-block;width:5.22px"> </div>structural foreign<div style="display:inline-block;width:5.09px"> </div>exchange risk<div style="display:inline-block;width:5.3px"> </div>related to net<div style="display:inline-block;width:5.54px"> </div>investments </div><div id="a123766" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:224.6px;">in foreign operations.<div style="display:inline-block;width:5.18px"> </div>In both cases the hedged risk arises solely from changes<div style="display:inline-block;width:5.46px"> </div>in the spot foreign<div style="display:inline-block;width:5.17px"> </div>exchange rate.<div style="display:inline-block;width:3.98px"> </div></div><div id="a123772" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:247.3px;">The notional of the designated hedging instruments matches the notional of the hedged items, except when the<div style="display:inline-block;width:2.17px"> </div>interest </div><div id="a123773" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:262.4px;">rate swaps are re-designated in<div style="display:inline-block;width:5.08px"> </div>cash flow hedges,<div style="display:inline-block;width:5.41px"> </div>in which case the hedge ratio designated<div style="display:inline-block;width:5.6px"> </div>is determined based on the </div><div id="a123777" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:277.5px;">swap sensitivity. </div><div id="a123779" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:300.7px;">Hedged items and hedge<div style="display:inline-block;width:5.03px"> </div>designation<div style="display:inline-block;width:4.13px"> </div></div><div id="a123781" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#E60000;left:4.905px;top:323.2px;">Fair value hedges of interest rate risk<div style="display:inline-block;width:5.14px"> </div>related to debt instruments and<div style="display:inline-block;width:5.38px"> </div>loan assets </div><div id="a123786" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:338.6px;">Fair<div style="display:inline-block;width:5.21px"> </div>value<div style="display:inline-block;width:5.1px"> </div>hedges<div style="display:inline-block;width:5.86px"> </div>of<div style="display:inline-block;width:5.25px"> </div>interest<div style="display:inline-block;width:5.6px"> </div>rate<div style="display:inline-block;width:5.37px"> </div>risk<div style="display:inline-block;width:5.59px"> </div>related<div style="display:inline-block;width:5.71px"> </div>to<div style="display:inline-block;width:5.25px"> </div>debt<div style="display:inline-block;width:5.45px"> </div>instruments<div style="display:inline-block;width:5.66px"> </div>and<div style="display:inline-block;width:5.61px"> </div>loan<div style="display:inline-block;width:5.5px"> </div>assets<div style="display:inline-block;width:5.67px"> </div>involve swapping<div style="display:inline-block;width:7.37px"> </div>fixed<div style="display:inline-block;width:5.42px"> </div>cash<div style="display:inline-block;width:5.25px"> </div>flows </div><div id="a123788" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:353.7px;">associated with the debt issued,<div style="display:inline-block;width:5.09px"> </div>debt securities held and<div style="display:inline-block;width:5.11px"> </div>long-term fixed-rate mortgage<div style="display:inline-block;width:5.45px"> </div>loans in Swiss francs to floating </div><div id="a123793" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:368.9px;">cash flows by entering into interest rate swaps<div style="display:inline-block;width:5.02px"> </div>that either receive fixed and<div style="display:inline-block;width:5.21px"> </div>pay floating cash flows or that pay fixed and </div><div id="a123795" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:384.5px;">receive floating cash flows.<div style="display:inline-block;width:5.06px"> </div></div><div id="a123797" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:407.2px;">Designations<div style="display:inline-block;width:5.43px"> </div>have been<div style="display:inline-block;width:6.18px"> </div>made in<div style="display:inline-block;width:5.45px"> </div>US dollars,<div style="display:inline-block;width:5.66px"> </div>euro,<div style="display:inline-block;width:5.32px"> </div>Swiss francs,<div style="display:inline-block;width:5.72px"> </div>Australian dollars,<div style="display:inline-block;width:6.07px"> </div>yen, pounds<div style="display:inline-block;width:6px"> </div>sterling and<div style="display:inline-block;width:6.12px"> </div>Singapore </div><div id="a123798" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:422.3px;">dollars. For new<div style="display:inline-block;width:5.76px"> </div>hedging instruments<div style="display:inline-block;width:5.25px"> </div>and hedged<div style="display:inline-block;width:5.76px"> </div>risk designations entered<div style="display:inline-block;width:5.81px"> </div>into starting from<div style="display:inline-block;width:5.56px"> </div>2021 in<div style="display:inline-block;width:5.27px"> </div>these currencies </div><div id="a123806" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:437.9px;">(with<div style="display:inline-block;width:6.3px"> </div>the<div style="display:inline-block;width:6.2px"> </div>exception<div style="display:inline-block;width:6.57px"> </div>of<div style="display:inline-block;width:6.2px"> </div>euro),<div style="display:inline-block;width:6.85px"> </div>the<div style="display:inline-block;width:6.2px"> </div>benchmark<div style="display:inline-block;width:6.72px"> </div>rate<div style="display:inline-block;width:6.31px"> </div>was<div style="display:inline-block;width:6.77px"> </div>the<div style="display:inline-block;width:6.2px"> </div>relevant<div style="display:inline-block;width:6.45px"> </div>alternative<div style="display:inline-block;width:6.66px"> </div>reference<div style="display:inline-block;width:6.64px"> </div>rate<div style="display:inline-block;width:6.31px"> </div>(ARR).<div style="display:inline-block;width:7.02px"> </div>Following<div style="display:inline-block;width:6.55px"> </div>the </div><div id="a123807" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:453.1px;">interbank offered rate (IBOR) transition for swaps with<div style="display:inline-block;width:2.26px"> </div>LCH (formerly the London Clearing House) in December 2021, the </div><div id="a123809" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:468.7px;">benchmark<div style="display:inline-block;width:5.3px"> </div>hedge<div style="display:inline-block;width:5.81px"> </div>rate<div style="display:inline-block;width:5.37px"> </div>for<div style="display:inline-block;width:5.57px"> </div>Swiss<div style="display:inline-block;width:5.3px"> </div>franc,<div style="display:inline-block;width:5.95px"> </div>yen<div style="display:inline-block;width:5.36px"> </div>and<div style="display:inline-block;width:5.61px"> </div>pound<div style="display:inline-block;width:6.21px"> </div>sterling<div style="display:inline-block;width:5.21px"> </div>designations<div style="display:inline-block;width:5.95px"> </div>was<div style="display:inline-block;width:5.36px"> </div>changed<div style="display:inline-block;width:5.81px"> </div>from<div style="display:inline-block;width:5.18px"> </div>an<div style="display:inline-block;width:5.4px"> </div>IBOR<div style="display:inline-block;width:5.4px"> </div>rate<div style="display:inline-block;width:5.37px"> </div>to<div style="display:inline-block;width:5.72px"> </div>the </div><div id="a123813" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:483.8px;">relevant<div style="display:inline-block;width:5.5px"> </div>ARR<div style="display:inline-block;width:6.23px"> </div>with<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.25px"> </div>hedge<div style="display:inline-block;width:5.81px"> </div>relationship<div style="display:inline-block;width:6.15px"> </div>continuing<div style="display:inline-block;width:5.85px"> </div>in<div style="display:inline-block;width:5.3px"> </div>accordance<div style="display:inline-block;width:5.76px"> </div>with </div><div id="a123814" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:434.085px;top:483.6px;">Interest<div style="display:inline-block;width:5.36px"> </div>Rate<div style="display:inline-block;width:5.72px"> </div>Benchmark<div style="display:inline-block;width:5.83px"> </div>Reform<div style="display:inline-block;width:5.69px"> </div>–<div style="display:inline-block;width:5.67px"> </div>Phase<div style="display:inline-block;width:5.45px"> </div>2 </div><div id="a123819" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:498.7px;">(Amendments to IFRS 9, IAS<div style="display:inline-block;width:5.05px"> </div>39, IFRS 7, IFRS 4<div style="display:inline-block;width:5.08px"> </div>and IFRS 16)</div><div id="a123830" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:340.392px;top:498.9px;">. </div><div id="a123832" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#E60000;left:4.905px;top:521.9px;">Cash flow hedges of<div style="display:inline-block;width:5.05px"> </div>forecast transactions </div><div id="a123834" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:537.3px;">The Group hedges forecast cash<div style="display:inline-block;width:5.05px"> </div>flows on non-trading financial assets and<div style="display:inline-block;width:5.27px"> </div>liabilities that bear interest at variable rates or </div><div id="a123837" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:552.4px;">are expected<div style="display:inline-block;width:5.27px"> </div>to be<div style="display:inline-block;width:5.08px"> </div>refinanced or<div style="display:inline-block;width:5.59px"> </div>reinvested in<div style="display:inline-block;width:5.48px"> </div>the future,<div style="display:inline-block;width:5.64px"> </div>due to<div style="display:inline-block;width:5.29px"> </div>movements in<div style="display:inline-block;width:5.2px"> </div>future market<div style="display:inline-block;width:5.5px"> </div>rates. The<div style="display:inline-block;width:5.36px"> </div>amounts and </div><div id="a123839" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:568px;">timing of future cash flows,<div style="display:inline-block;width:2.21px"> </div>representing both principal and interest flows,<div style="display:inline-block;width:2.22px"> </div>are projected on the basis<div style="display:inline-block;width:2.33px"> </div>of contractual terms </div><div id="a123840" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:583.2px;">and<div style="display:inline-block;width:6.55px"> </div>other<div style="display:inline-block;width:6.25px"> </div>relevant<div style="display:inline-block;width:5.98px"> </div>factors,<div style="display:inline-block;width:5.94px"> </div>including<div style="display:inline-block;width:7.12px"> </div>estimates<div style="display:inline-block;width:5.68px"> </div>of<div style="display:inline-block;width:6.2px"> </div>prepayments<div style="display:inline-block;width:6.38px"> </div>and<div style="display:inline-block;width:6.55px"> </div>defaults.<div style="display:inline-block;width:6.29px"> </div>The<div style="display:inline-block;width:6.35px"> </div>aggregate<div style="display:inline-block;width:6.69px"> </div>principal<div style="display:inline-block;width:6.09px"> </div>balances<div style="display:inline-block;width:6.29px"> </div>and </div><div id="a123842" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:598.3px;">interest cash<div style="display:inline-block;width:5.28px"> </div>flows across<div style="display:inline-block;width:5.59px"> </div>all portfolios<div style="display:inline-block;width:5.29px"> </div>over time<div style="display:inline-block;width:5.69px"> </div>form the<div style="display:inline-block;width:5.1px"> </div>basis for identifying<div style="display:inline-block;width:6.44px"> </div>the non<div style="display:inline-block;width:2.02px"> </div>-trading interest<div style="display:inline-block;width:5.29px"> </div>rate risk of<div style="display:inline-block;width:5.89px"> </div>the </div><div id="a123845" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:613.9px;">Group, which<div style="display:inline-block;width:5.73px"> </div>is hedged<div style="display:inline-block;width:5.11px"> </div>with interest rate<div style="display:inline-block;width:5.21px"> </div>swaps, the<div style="display:inline-block;width:5.39px"> </div>maximum maturity of<div style="display:inline-block;width:5.12px"> </div>which is<div style="display:inline-block;width:5.45px"> </div>15 years.<div style="display:inline-block;width:5.04px"> </div>Cash flow<div style="display:inline-block;width:5.29px"> </div>forecasts and </div><div id="a123847" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:629.1px;">risk exposures<div style="display:inline-block;width:6.16px"> </div>are monitored<div style="display:inline-block;width:6.35px"> </div>and adjusted<div style="display:inline-block;width:5.64px"> </div>on an<div style="display:inline-block;width:5.44px"> </div>ongoing basis,<div style="display:inline-block;width:6.24px"> </div>and consequently<div style="display:inline-block;width:5.16px"> </div>additional<div style="display:inline-block;width:5.07px"> </div>hedging<div style="display:inline-block;width:5.16px"> </div>instruments are </div><div id="a123848" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:644.7px;">traded and<div style="display:inline-block;width:5.34px"> </div>designated, or<div style="display:inline-block;width:5.59px"> </div>are terminated<div style="display:inline-block;width:5.08px"> </div>resulting<div style="display:inline-block;width:5.11px"> </div>in a hedge<div style="display:inline-block;width:6.12px"> </div>discontinuance.<div style="display:inline-block;width:5.07px"> </div>Hedge designations<div style="display:inline-block;width:5.67px"> </div>have been<div style="display:inline-block;width:5.24px"> </div>made in </div><div id="a123850" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:659.8px;">the following currencies: US dollars,<div style="display:inline-block;width:5.03px"> </div>euro, Swiss francs, pounds sterling and Hong Kong dollars. The<div style="display:inline-block;width:5.07px"> </div>cash flow hedges in </div><div id="a123851" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:675.4px;">Swiss francs,<div style="display:inline-block;width:4.37px"> </div>pounds sterling and<div style="display:inline-block;width:5.42px"> </div>certain cash flow hedges<div style="display:inline-block;width:5.38px"> </div>in US dollars were<div style="display:inline-block;width:5.26px"> </div>discontinued and<div style="display:inline-block;width:5.49px"> </div>replaced with new ARR </div><div id="a123860" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:690.6px;">designations in December 2021.<div style="display:inline-block;width:5.82px"> </div>In addition, the transition of floating<div style="display:inline-block;width:5.6px"> </div>rate hedged items in USD<div style="display:inline-block;width:5.22px"> </div>to ARR rates in January </div><div id="a123863" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:705.7px;">2022<div style="display:inline-block;width:5.1px"> </div>resulted in<div style="display:inline-block;width:6.2px"> </div>the update<div style="display:inline-block;width:5.81px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>hedged<div style="display:inline-block;width:5.07px"> </div>risk to<div style="display:inline-block;width:5.62px"> </div>ARR in<div style="display:inline-block;width:5.49px"> </div>the affected<div style="display:inline-block;width:5.61px"> </div>hedge<div style="display:inline-block;width:5.34px"> </div>relationships<div style="display:inline-block;width:5.73px"> </div>without discontinuation<div style="display:inline-block;width:6.56px"> </div>of </div><div id="a123868" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:721.3px;">hedge accounting in accordance with </div><div id="a123871" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:220.205px;top:721.1px;">Interest Rate Benchmark Reform – Phase 2 (Amendments to IFRS 9, IAS 39, IFRS 7, </div><div id="a123881" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:736.2px;">IFRS 4 and IFRS 16)</div><div id="a123886" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:113.738px;top:736.4px;">. </div><div id="a123888" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#E60000;left:4.905px;top:759.4px;">Fair value hedges of foreign exchange<div style="display:inline-block;width:5.31px"> </div>risk related to issued debt instruments </div><div id="a123890" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:774.8px;">Debt instruments denominated in<div style="display:inline-block;width:5.08px"> </div>currencies other than the US dollar are designated in fair value hedges<div style="display:inline-block;width:5.38px"> </div>of spot foreign </div><div id="a123892" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:789.9px;">exchange<div style="display:inline-block;width:6.82px"> </div>risk,<div style="display:inline-block;width:6.52px"> </div>in<div style="display:inline-block;width:6.72px"> </div>addition<div style="display:inline-block;width:7.07px"> </div>to<div style="display:inline-block;width:6.67px"> </div>and<div style="display:inline-block;width:7.03px"> </div>separate<div style="display:inline-block;width:6.57px"> </div>from<div style="display:inline-block;width:7.08px"> </div>the<div style="display:inline-block;width:6.67px"> </div>fair<div style="display:inline-block;width:6.68px"> </div>value<div style="display:inline-block;width:6.99px"> </div>hedges<div style="display:inline-block;width:7.28px"> </div>of<div style="display:inline-block;width:6.67px"> </div>interest<div style="display:inline-block;width:7.02px"> </div>rate<div style="display:inline-block;width:6.79px"> </div>risk.<div style="display:inline-block;width:6.52px"> </div>Cross-currency<div style="display:inline-block;width:8.03px"> </div>swaps </div><div id="a123895" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:805px;">economically convert debt denominated<div style="display:inline-block;width:5.12px"> </div>in currencies other than<div style="display:inline-block;width:5.09px"> </div>the US dollar to US dollars.<div style="display:inline-block;width:5.07px"> </div></div><div id="a123898" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#E60000;left:4.905px;top:828px;">Hedges of net investments in foreign<div style="display:inline-block;width:5.04px"> </div>operations </div><div id="a123900" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:843.4px;">The<div style="display:inline-block;width:6.35px"> </div>Group<div style="display:inline-block;width:6.74px"> </div>applies<div style="display:inline-block;width:6.39px"> </div>hedge<div style="display:inline-block;width:6.75px"> </div>accounting<div style="display:inline-block;width:6.5px"> </div>for<div style="display:inline-block;width:6.04px"> </div>certain<div style="display:inline-block;width:6.21px"> </div>net<div style="display:inline-block;width:6.2px"> </div>investments<div style="display:inline-block;width:6.83px"> </div>in<div style="display:inline-block;width:6.25px"> </div>foreign<div style="display:inline-block;width:7.06px"> </div>operations,<div style="display:inline-block;width:6.7px"> </div>which<div style="display:inline-block;width:6.35px"> </div>include<div style="display:inline-block;width:6.34px"> </div>subsidiaries, </div><div id="a123901" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:858.5px;">branches<div style="display:inline-block;width:7.39px"> </div>and<div style="display:inline-block;width:7.5px"> </div>associates.<div style="display:inline-block;width:7.09px"> </div>Upon<div style="display:inline-block;width:7.85px"> </div>maturity<div style="display:inline-block;width:6.38px"> </div>of<div style="display:inline-block;width:7.14px"> </div>hedging<div style="display:inline-block;width:8.2px"> </div>instruments,<div style="display:inline-block;width:7.19px"> </div>typically<div style="display:inline-block;width:6.7px"> </div>two<div style="display:inline-block;width:7.72px"> </div>months,<div style="display:inline-block;width:7.55px"> </div>the<div style="display:inline-block;width:7.14px"> </div>hedge<div style="display:inline-block;width:7.7px"> </div>relationship<div style="display:inline-block;width:7.57px"> </div>is </div><div id="a123903" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:874.1px;">terminated and new designations<div style="display:inline-block;width:5.71px"> </div>are made to reflect any changes in<div style="display:inline-block;width:5.09px"> </div>the net investments in foreign<div style="display:inline-block;width:5.04px"> </div>operations.</div></div><div id="TextBlockContainer734" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:373px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a123945" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Economic relationship between<div style="display:inline-block;width:5.37px"> </div>hedged item and hedging instrument </div><div id="a123950" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.6px;">The economic relationship<div style="display:inline-block;width:6.51px"> </div>between the<div style="display:inline-block;width:5.24px"> </div>hedged<div style="display:inline-block;width:5.07px"> </div>item and the<div style="display:inline-block;width:5.45px"> </div>hedging instrument<div style="display:inline-block;width:5.21px"> </div>is determined<div style="display:inline-block;width:5.29px"> </div>based on<div style="display:inline-block;width:5.69px"> </div>a qualitative </div><div id="a123952" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.8px;">analysis of their critical terms. In cases where hedge<div style="display:inline-block;width:5.42px"> </div>designation takes place after origination of<div style="display:inline-block;width:5.03px"> </div>the hedging instrument, </div><div id="a123954" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:46.4px;">a quantitative<div style="display:inline-block;width:5.99px"> </div>analysis<div style="display:inline-block;width:5.09px"> </div>of the<div style="display:inline-block;width:5.98px"> </div>possible<div style="display:inline-block;width:5.26px"> </div>behavior of<div style="display:inline-block;width:5.98px"> </div>the hedging<div style="display:inline-block;width:6.74px"> </div>derivative and<div style="display:inline-block;width:5.94px"> </div>the hedged<div style="display:inline-block;width:6.64px"> </div>item during<div style="display:inline-block;width:5.92px"> </div>their respective </div><div id="a123958" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61.5px;">terms is also performed. </div><div id="a123960" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:84.2px;">Sources of hedge<div style="display:inline-block;width:5.05px"> </div>ineffectiveness<div style="display:inline-block;width:3.99px"> </div></div><div id="a123964" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.3px;">In<div style="display:inline-block;width:5.3px"> </div>hedges<div style="display:inline-block;width:5.86px"> </div>of<div style="display:inline-block;width:5.25px"> </div>interest<div style="display:inline-block;width:5.13px"> </div>rate<div style="display:inline-block;width:5.37px"> </div>risk,<div style="display:inline-block;width:5.66px"> </div>hedge<div style="display:inline-block;width:5.81px"> </div>ineffectiveness<div style="display:inline-block;width:5.82px"> </div>can<div style="display:inline-block;width:5.2px"> </div>arise<div style="display:inline-block;width:5.47px"> </div>from<div style="display:inline-block;width:5.66px"> </div>mismatches<div style="display:inline-block;width:5.68px"> </div>of<div style="display:inline-block;width:5.72px"> </div>critical<div style="display:inline-block;width:5.12px"> </div>terms<div style="display:inline-block;width:5.26px"> </div>and<div style="display:inline-block;width:5.61px"> </div>/<div style="display:inline-block;width:5.31px"> </div>or<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>use<div style="display:inline-block;width:5.45px"> </div>of </div><div id="a123966" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:115px;">different curves<div style="display:inline-block;width:5.16px"> </div>to discount the hedged<div style="display:inline-block;width:5.4px"> </div>item and instrument,<div style="display:inline-block;width:5.2px"> </div>or from entering<div style="display:inline-block;width:5.16px"> </div>into a hedge<div style="display:inline-block;width:5.22px"> </div>relationship after the trade </div><div id="a123969" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:130.1px;">date of the hedging derivative.<div style="display:inline-block;width:5.24px"> </div></div><div id="a123971" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:153.3px;">In hedges<div style="display:inline-block;width:5.11px"> </div>of foreign exchange<div style="display:inline-block;width:5.21px"> </div>risk related to<div style="display:inline-block;width:5.28px"> </div>debt issued, hedge<div style="display:inline-block;width:5.35px"> </div>ineffectiveness can arise due<div style="display:inline-block;width:5.85px"> </div>to the discounting<div style="display:inline-block;width:5.26px"> </div>of the </div><div id="a123973" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:168.4px;">hedging instruments and undesignated risk components<div style="display:inline-block;width:2.22px"> </div>and lack of<div style="display:inline-block;width:2.25px"> </div>such discounting and risk<div style="display:inline-block;width:1.93px"> </div>components in the<div style="display:inline-block;width:2.33px"> </div>hedged </div><div id="a123974" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183.6px;">items.<div style="display:inline-block;width:4.03px"> </div></div><div id="a123976" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:206.3px;">In hedges of net investments in foreign operations,<div style="display:inline-block;width:5.34px"> </div>ineffectiveness is unlikely unless the hedged net assets fall below the </div><div id="a123978" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:221.4px;">designated hedged<div style="display:inline-block;width:5.77px"> </div>amount. The exceptions<div style="display:inline-block;width:5.54px"> </div>are hedges<div style="display:inline-block;width:5.1px"> </div>where the hedging<div style="display:inline-block;width:5.81px"> </div>currency is not<div style="display:inline-block;width:5.34px"> </div>the same as<div style="display:inline-block;width:5.4px"> </div>the currency of </div><div id="a123979" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:237px;">the foreign operation, where<div style="display:inline-block;width:5.47px"> </div>the currency basis may cause ineffectiveness. </div><div id="a123982" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:259.7px;">Hedge ineffectiveness from financial instruments<div style="display:inline-block;width:5.55px"> </div>measured at fair value through<div style="display:inline-block;width:5.81px"> </div>profit or loss is recognized in </div><div id="a123983" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:630.472px;top:259.5px;">Other net </div><div id="a123984" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:274.6px;">income.</div><div id="a123985" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:49.862px;top:274.9px;"><div style="display:inline-block;width:3.78px"> </div></div><div id="a123987" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:297.6px;">Derivatives not designated in hedge<div style="display:inline-block;width:5.64px"> </div>accounting relationships<div style="display:inline-block;width:4.39px"> </div></div><div id="a123992" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:312.7px;">Non-hedge<div style="display:inline-block;width:6.25px"> </div>accounted<div style="display:inline-block;width:5.45px"> </div>derivatives<div style="display:inline-block;width:5.11px"> </div>are<div style="display:inline-block;width:5.76px"> </div>mandatorily<div style="display:inline-block;width:5.88px"> </div>held<div style="display:inline-block;width:5.5px"> </div>for<div style="display:inline-block;width:5.57px"> </div>trading<div style="display:inline-block;width:5.4px"> </div>with<div style="display:inline-block;width:5.25px"> </div>all<div style="display:inline-block;width:5.47px"> </div>fair<div style="display:inline-block;width:5.74px"> </div>value<div style="display:inline-block;width:5.57px"> </div>movements<div style="display:inline-block;width:5.47px"> </div>taken<div style="display:inline-block;width:5.72px"> </div>to </div><div id="a123996" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:629.045px;top:312.5px;">Other<div style="display:inline-block;width:5.47px"> </div>net </div><div id="a123997" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:328.1px;">income from financial instruments<div style="display:inline-block;width:5.4px"> </div>measured at fair value<div style="display:inline-block;width:5.47px"> </div>through profit or loss</div><div id="a123998" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:454.925px;top:328.3px;">, even when<div style="display:inline-block;width:5.54px"> </div>held as an economic hedge </div><div id="a124001" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:343.5px;">or to<div style="display:inline-block;width:5.88px"> </div>facilitate client<div style="display:inline-block;width:5.39px"> </div>clearing.<div style="display:inline-block;width:5.15px"> </div>The one<div style="display:inline-block;width:6.39px"> </div>exception relates<div style="display:inline-block;width:5.79px"> </div>to forward<div style="display:inline-block;width:6.12px"> </div>points<div style="display:inline-block;width:5.13px"> </div>on certain<div style="display:inline-block;width:5.77px"> </div>short-<div style="display:inline-block;width:4.85px"> </div>and long<div style="display:inline-block;width:1.52px"> </div>-duration foreign </div><div id="a124008" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:359.1px;">exchange contracts acting as economic hedges,<div style="display:inline-block;width:5.74px"> </div>which are reported in </div><div id="a124009" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:405.232px;top:358.8px;">Net interest income.</div></div><div id="TextBlockContainer738" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:675px;height:448px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_736_XBRL_TS_8537be738b074f7098548425dd739030" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer737" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:675px;height:448px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a124013" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">All hedges: designated<div style="display:inline-block;width:4.17px"> </div>hedging instruments and hedge ineffectiveness </div><div id="a124016" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.968px;top:15.3px;">As of or for the year ended </div><div id="a124021" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:480.648px;top:30.9px;">31.12.22 </div><div id="a124026" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:394.075px;top:53.6px;">Carrying amount </div><div id="a124031" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:101px;">USD m </div><div id="a124034" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.088px;top:89.1px;">Notional </div><div id="a124035" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:344.395px;top:101px;">amount </div><div id="a124037" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:386.008px;top:77.8px;">Derivative </div><div id="a124038" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:391.248px;top:89.1px;">financial </div><div id="a124039" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:399.755px;top:101px;">assets </div><div id="a124041" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:436.168px;top:77.8px;">Derivative </div><div id="a124042" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:441.368px;top:89.1px;">financial </div><div id="a124043" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:439.955px;top:101px;">liabilities </div><div id="a124045" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:496.768px;top:65.9px;">Changes in<div style="display:inline-block;width:2.78px"> </div></div><div id="a124047" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:494.395px;top:77.8px;">fair value of </div><div id="a124048" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:507.635px;top:89.1px;">hedging </div><div id="a124049" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:492.008px;top:101px;">instruments</div><div id="a124050" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:534.595px;top:101.6px;">1</div><div id="a124052" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:551.648px;top:65.9px;">Changes in </div><div id="a124053" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:549.288px;top:77.8px;">fair value of </div><div id="a124054" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:564.888px;top:89.1px;">hedged </div><div id="a124055" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:570.102px;top:101px;">items</div><div id="a124056" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:589.488px;top:101.6px;">1</div><div id="a124058" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:643.902px;top:65.9px;">Hedge </div><div id="a124059" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:614.582px;top:77.8px;">ineffectiveness </div><div id="a124060" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:604.648px;top:89.1px;">recognized in the </div><div id="a124061" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:602.755px;top:101px;">income statement </div><div id="a124063" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:115.1px;">Interest rate risk </div><div id="a124072" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:131.2px;">Fair value hedges </div><div id="a124075_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:345.808px;top:131.2px;">92,415</div><div id="a124078_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:417.248px;top:131.2px;">0</div><div id="a124081_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:467.408px;top:131.2px;">0</div><div id="a124084_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:510.955px;top:131.2px;display:flex;">(5,195)</div><div id="a124087_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:570.568px;top:131.2px;">5,169</div><div id="a124090_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:653.395px;top:131.2px;display:flex;">(27)</div><div id="a124093" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:147.8px;">Cash flow hedges </div><div id="a124096_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:345.808px;top:147.8px;">75,304</div><div id="a124099_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:417.248px;top:147.8px;">2</div><div id="a124102_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:467.408px;top:147.8px;">5</div><div id="a124105_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:510.955px;top:147.8px;display:flex;">(5,813)</div><div id="a124108_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:570.568px;top:147.8px;">5,760</div><div id="a124111_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:653.395px;top:147.8px;display:flex;">(53)</div><div id="a124114" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:163.4px;">Foreign exchange risk </div><div id="a124123" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:179.5px;">Fair value hedges</div><div id="a124124" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:66.607px;top:180.1px;">2</div><div id="a124127_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:345.808px;top:179.5px;">20,566</div><div id="a124130_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:407.315px;top:179.5px;">845</div><div id="a124133_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:467.408px;top:179.5px;">3</div><div id="a124136_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:510.955px;top:179.5px;display:flex;">(1,088)</div><div id="a124139_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:570.568px;top:179.5px;">1,105</div><div id="a124142_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:658.115px;top:179.5px;">18</div><div id="a124145" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:196px;">Hedges of net investments in foreign operations </div><div id="a124149_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:345.808px;top:196px;">14,009</div><div id="a124152_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:417.248px;top:196px;">7</div><div id="a124155_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.475px;top:196px;">529</div><div id="a124158_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:522.768px;top:196px;">336</div><div id="a124161_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:572.928px;top:196px;display:flex;">(337)</div><div id="a124164_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:658.115px;top:196px;display:flex;">(1)</div><div id="a124177" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.968px;top:233.9px;">As of or for the year ended </div><div id="a124181" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.648px;top:249.5px;">31.12.21 </div><div id="a124186" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.555px;top:272.2px;">Carrying amount </div><div id="a124191" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:319.5px;">USD m </div><div id="a124194" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:341.555px;top:307.7px;">Notional </div><div id="a124195" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.395px;top:319.5px;">amount </div><div id="a124197" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.475px;top:295.9px;">Derivative </div><div id="a124198" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:391.715px;top:307.7px;">financial </div><div id="a124199" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:399.755px;top:319.5px;">assets </div><div id="a124201" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:436.635px;top:295.9px;">Derivative </div><div id="a124202" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:441.875px;top:307.7px;">financial </div><div id="a124203" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.422px;top:319.5px;">liabilities </div><div id="a124205" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:497.235px;top:284.5px;">Changes in<div style="display:inline-block;width:2.79px"> </div></div><div id="a124207" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:494.875px;top:295.9px;">fair value of </div><div id="a124209" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:507.635px;top:307.7px;">hedging </div><div id="a124210" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:492.008px;top:319.5px;">instruments</div><div id="a124211" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:534.128px;top:320.2px;">1</div><div id="a124213" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:552.128px;top:284.5px;">Changes in </div><div id="a124214" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:295.9px;">fair value of </div><div id="a124215" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.888px;top:307.7px;">hedged </div><div id="a124216" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.102px;top:319.5px;">items</div><div id="a124217" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:589.008px;top:320.2px;">1</div><div id="a124219" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:643.902px;top:284.5px;">Hedge </div><div id="a124220" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.048px;top:295.9px;">ineffectiveness </div><div id="a124221" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:604.648px;top:307.7px;">recognized in the </div><div id="a124222" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:602.755px;top:319.5px;">income statement </div><div id="a124224" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:333.3px;">Interest rate risk </div><div id="a124233" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:349.8px;">Fair value hedges </div><div id="a124236_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.808px;top:349.8px;">89,525</div><div id="a124239_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:417.248px;top:349.8px;">0</div><div id="a124242_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:467.408px;top:349.8px;">7</div><div id="a124245_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:510.475px;top:349.8px;display:flex;">(1,604)</div><div id="a124248_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.568px;top:349.8px;">1,602</div><div id="a124251_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.648px;top:349.8px;display:flex;">(2)</div><div id="a124254" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:366.3px;">Cash flow hedges </div><div id="a124257_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.808px;top:366.3px;">79,573</div><div id="a124260_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.528px;top:366.3px;">12</div><div id="a124263_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:467.408px;top:366.3px;">1</div><div id="a124266_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:510.475px;top:366.3px;display:flex;">(1,185)</div><div id="a124269_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.662px;top:366.3px;">990</div><div id="a124272_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:648.155px;top:366.3px;display:flex;">(196)</div><div id="a124275" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:382px;">Foreign exchange risk </div><div id="a124284" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:398.1px;">Fair value hedges</div><div id="a124285" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:66.607px;top:398.7px;">2</div><div id="a124288_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.808px;top:398.1px;">27,875</div><div id="a124291_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.528px;top:398.1px;">87</div><div id="a124294_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:457.475px;top:398.1px;">261</div><div id="a124297_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:510.475px;top:398.1px;display:flex;">(2,139)</div><div id="a124300_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.568px;top:398.1px;">2,181</div><div id="a124303_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:398.1px;">42</div><div id="a124306" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:414.6px;">Hedges of net investments in foreign operations </div><div id="a124309_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.808px;top:414.6px;">13,939</div><div id="a124312_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.528px;top:414.6px;">23</div><div id="a124315_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:457.475px;top:414.6px;">105</div><div id="a124318_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:522.768px;top:414.6px;">497</div><div id="a124321_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.928px;top:414.6px;display:flex;">(497)</div><div id="a124324_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.848px;top:414.6px;">0</div><div id="a124327" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:429.6px;">1 Amounts<div style="display:inline-block;width:3.46px"> </div>used as the<div style="display:inline-block;width:3.95px"> </div>basis for<div style="display:inline-block;width:3.78px"> </div>recognizing hedge<div style="display:inline-block;width:4.04px"> </div>ineffectiveness for<div style="display:inline-block;width:3.94px"> </div>the period.<div style="display:inline-block;width:11.35px"> </div>2 The<div style="display:inline-block;width:3.8px"> </div>foreign currency<div style="display:inline-block;width:4.42px"> </div>basis spread<div style="display:inline-block;width:3.48px"> </div>of cross-currency<div style="display:inline-block;width:4.1px"> </div>swaps designated<div style="display:inline-block;width:4.58px"> </div>as hedging<div style="display:inline-block;width:3.48px"> </div>derivatives is<div style="display:inline-block;width:4.07px"> </div>excluded from<div style="display:inline-block;width:3.62px"> </div>the hedge </div><div id="a124331" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:440px;">accounting designation and accounted<div style="display:inline-block;width:3.96px"> </div>for as a cost of hedging with<div style="display:inline-block;width:3.64px"> </div>amounts deferred in Other<div style="display:inline-block;width:3.46px"> </div>comprehensive income<div style="display:inline-block;width:3.62px"> </div>within Equity.</div></div></div></div><div id="TextBlockContainer741" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:225px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a124376" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Fair value hedges: designated<div style="display:inline-block;width:4.23px"> </div>hedged items<div style="display:inline-block;width:2.88px"> </div></div><div id="a124384" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:15.8px;">USD m </div><div id="a124387" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:501.968px;top:15.8px;">31.12.22 </div><div id="a124390" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:610.795px;top:15.8px;">31.12.21 </div><div id="a124394" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:473.555px;top:29.5px;">Interest rate </div><div id="a124395" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:504.808px;top:41.3px;">risk </div><div id="a124397" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:543.102px;top:41.3px;">FX risk </div><div id="a124400" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.395px;top:29.5px;">Interest rate </div><div id="a124401" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.635px;top:41.3px;">risk </div><div id="a124403" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.448px;top:41.3px;">FX risk </div><div id="a124405" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:57.4px;">Debt issued measured at amortized<div style="display:inline-block;width:3.82px"> </div>cost </div><div id="a124413" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:75.4px;">Carrying amount of designated debt issued </div><div id="a124416_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:491.062px;top:75.4px;">68,529</div><div id="a124419_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:540.742px;top:75.4px;">20,566</div><div id="a124423_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:599.915px;top:75.4px;">74,700</div><div id="a124426_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:650.048px;top:75.4px;">27,875</div><div id="a124429" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:91.5px;"><div style="display:inline-block;width:2.37px"> </div>of which: accumulated amount of fair value hedge<div style="display:inline-block;width:3.73px"> </div>adjustment </div><div id="a124433_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:491.062px;top:91.5px;display:flex;">(6,057)</div><div id="a124438_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:611.742px;top:91.5px;">478</div><div id="a124442" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:107.6px;">Other financial assets measured at<div style="display:inline-block;width:3.94px"> </div>amortized cost – debt securities </div><div id="a124453" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:123.7px;">Carrying amount of designated debt securities </div><div id="a124456_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:495.822px;top:123.7px;">4,577</div><div id="a124461_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:604.648px;top:123.7px;">2,677</div><div id="a124465" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:140.2px;"><div style="display:inline-block;width:2.37px"> </div>of which: accumulated amount of fair value hedge<div style="display:inline-block;width:3.73px"> </div>adjustment </div><div id="a124469_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:498.182px;top:140.2px;display:flex;">(180)</div><div id="a124474_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:616.475px;top:140.2px;display:flex;">(7)</div><div id="a124478" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:155.8px;">Loans and advances to customers </div><div id="a124487" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:171.9px;">Carrying amount of designated loans </div><div id="a124490_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:491.062px;top:171.9px;">14,270</div><div id="a124495_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:599.915px;top:171.9px;">13,835</div><div id="a124499" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:188.5px;">of which: accumulated amount of fair value hedge<div style="display:inline-block;width:3.71px"> </div>adjustment </div><div id="a124502_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:491.062px;top:188.5px;display:flex;">(1,249)</div><div id="a124507_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.008px;top:188.5px;display:flex;">(109)</div><div id="a124511" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:203.1px;">of which: accumulated amount of fair value hedge<div style="display:inline-block;width:3.71px"> </div>adjustment subject to amortization attributable<div style="display:inline-block;width:3.83px"> </div>to the portion of the </div><div id="a124513" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:215px;">portfolio that ceased to be part of hedge accounting </div><div id="a124516_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:503.382px;top:215px;display:flex;">(51)</div><div id="a124521_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:621.675px;top:215px;">3</div></div><div id="TextBlockContainer745" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:179px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a124527" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Fair value hedges: profile of<div style="display:inline-block;width:4.17px"> </div>the timing of the nominal amount<div style="display:inline-block;width:4.16px"> </div>of the hedging instrument<div style="display:inline-block;width:3.4px"> </div></div><div id="a124530" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:453.222px;top:15.3px;">31.12.22 </div><div id="a124532" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:47.9px;">USD bn </div><div id="a124534" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:288.555px;top:36.1px;">Due within </div><div id="a124536" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:297.542px;top:47.9px;">1 month </div><div id="a124538" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:359.995px;top:36.1px;">Due between </div><div id="a124540" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:350.542px;top:47.9px;">1 and 3 months </div><div id="a124542" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:442.342px;top:36.1px;">Due between </div><div id="a124544" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:428.128px;top:47.9px;">3 and 12 months </div><div id="a124546" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:512.368px;top:36.1px;">Due between </div><div id="a124548" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:511.422px;top:47.9px;">1 and 5 years </div><div id="a124550" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:587.115px;top:36.1px;">Due after </div><div id="a124552" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:594.688px;top:47.9px;">5 years </div><div id="a124554" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:660.488px;top:47.9px;">Total </div><div id="a124556" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:61.6px;">Interest rate swaps </div><div id="a124559_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:323.555px;top:61.6px;">0</div><div id="a124562_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:403.542px;top:61.6px;">4</div><div id="a124565_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:481.128px;top:61.6px;">10</div><div id="a124568_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:551.182px;top:61.6px;">53</div><div id="a124571_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:611.275px;top:61.6px;">26</div><div id="a124574_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:668.995px;top:61.6px;">92</div><div id="a124577" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:78.2px;">Cross-currency swaps<div style="display:inline-block;width:3.25px"> </div></div><div id="a124581_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:323.555px;top:78.2px;">0</div><div id="a124584_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:403.542px;top:78.2px;">1</div><div id="a124587_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:485.848px;top:78.2px;">2</div><div id="a124590_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:551.182px;top:78.2px;">12</div><div id="a124593_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:615.995px;top:78.2px;">5</div><div id="a124596_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:668.995px;top:78.2px;">21</div><div id="a124607" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:453.222px;top:106.1px;">31.12.21 </div><div id="a124609" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:138.8px;">USD bn </div><div id="a124611" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:289.035px;top:126.9px;">Due within </div><div id="a124613" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:297.542px;top:138.8px;">1 month </div><div id="a124615" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:359.995px;top:126.9px;">Due between </div><div id="a124617" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:350.542px;top:138.8px;">1 and 3 months </div><div id="a124619" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:442.342px;top:126.9px;">Due between </div><div id="a124621" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:428.128px;top:138.8px;">3 and 12 months </div><div id="a124623" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.368px;top:126.9px;">Due between </div><div id="a124625" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.422px;top:138.8px;">1 and 5 years </div><div id="a124627" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.115px;top:126.9px;">Due after </div><div id="a124629" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:594.688px;top:138.8px;">5 years </div><div id="a124631" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:138.8px;">Total </div><div id="a124633" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:152.5px;">Interest rate swaps </div><div id="a124635_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:323.555px;top:152.5px;">0</div><div id="a124638_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.542px;top:152.5px;">8</div><div id="a124641_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.128px;top:152.5px;">10</div><div id="a124644_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:551.182px;top:152.5px;">49</div><div id="a124647_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:611.275px;top:152.5px;">22</div><div id="a124650_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:152.5px;">90</div><div id="a124653" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:169.1px;">Cross-currency swaps<div style="display:inline-block;width:3.25px"> </div></div><div id="a124657_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:323.555px;top:169.1px;">1</div><div id="a124660_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.542px;top:169.1px;">1</div><div id="a124663_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.848px;top:169.1px;">6</div><div id="a124666_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:551.182px;top:169.1px;">13</div><div id="a124669_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.995px;top:169.1px;">6</div><div id="a124672_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:169.1px;">28</div></div><div id="TextBlockContainer750" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:73px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_748_XBRL_TS_541ca63d1cac4c81835307ae607f8e0b" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer749" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:73px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a124677" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Cash flow hedge reserve on<div style="display:inline-block;width:4.26px"> </div>a pre-tax basis<div style="display:inline-block;width:3.36px"> </div></div><div id="a124682" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:15.8px;">USD m </div><div id="a124684" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:577.195px;top:15.8px;">31.12.22 </div><div id="a124686" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.315px;top:15.8px;">31.12.21 </div><div id="a124688" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:31.4px;">Amounts related to hedge relationships for which hedge<div style="display:inline-block;width:3.95px"> </div>accounting continues to be<div style="display:inline-block;width:3.79px"> </div>applied </div><div id="a124690_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:584.288px;top:31.4px;display:flex;">(4,692)</div><div id="a124693_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.475px;top:31.4px;">26</div><div id="a124696" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:47.5px;">Amounts related to hedge relationships for which hedge<div style="display:inline-block;width:3.95px"> </div>accounting is no longer applied </div><div id="a124699_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:47.5px;display:flex;">(540)</div><div id="a124702_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:47.5px;">743</div><div id="a124705" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:63.1px;">Total other comprehensive<div style="display:inline-block;width:3.77px"> </div>income recognized directly in equity<div style="display:inline-block;width:3.76px"> </div>related to cash flow hedges, on<div style="display:inline-block;width:3.81px"> </div>a pre-tax basis </div><div id="a124709_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:584.288px;top:63.1px;display:flex;">(5,232)</div><div id="a124712_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:63.1px;">769</div></div></div></div><div id="TextBlockContainer754" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:83px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_752_XBRL_TS_0ea74eaa26604f92aad8a3c898ded3df" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer753" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:83px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a124716" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Foreign currency translation<div style="display:inline-block;width:4.29px"> </div>reserve on a pre<div style="display:inline-block;width:1.47px"> </div>-tax basis </div><div id="a124722" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:15.3px;">USD m </div><div id="a124724" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:577.195px;top:15.3px;">31.12.22 </div><div id="a124726" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.315px;top:15.3px;">31.12.21 </div><div id="a124728" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:31.4px;">Amounts related to hedge relationships for which hedge<div style="display:inline-block;width:3.95px"> </div>accounting continues to be<div style="display:inline-block;width:3.79px"> </div>applied </div><div id="a124730_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:31.4px;">284</div><div id="a124733_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:31.4px;display:flex;">(45)</div><div id="a124736" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:47.4px;">Amounts related to hedge relationships for which hedge<div style="display:inline-block;width:3.95px"> </div>accounting is no longer applied </div><div id="a124738_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:49.4px;">266</div><div id="a124741_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:49.4px;">262</div><div id="a124744" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:61.7px;">Total other comprehensive<div style="display:inline-block;width:3.77px"> </div>income recognized directly in equity<div style="display:inline-block;width:3.76px"> </div>related to hedging instruments designated<div style="display:inline-block;width:3.8px"> </div>as net investment hedges, on<div style="display:inline-block;width:3.7px"> </div>a pre-tax </div><div id="a124749" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:73px;">basis </div><div id="a124751_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:73px;">550</div><div id="a124754_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:73px;">217</div></div></div></div><div id="TextBlockContainer756" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:201px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a124757" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Interest rate benchmark<div style="display:inline-block;width:5.11px"> </div>reform </div><div id="a124762" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23.1px;">The Group continues to apply the relief provided by </div><div id="a124763" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:299.245px;top:22.8px;">Interest Rate Benchmark Reform</div><div id="a124764" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:482.352px;top:23.1px;"> </div><div id="a124765" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:486.138px;top:22.8px;">(amendments to IFRS 9, IAS 39 and </div><div id="a124770" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:37.9px;">IFRS 7)</div><div id="a124773" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:42.769px;top:38.2px;">,<div style="display:inline-block;width:5.31px"> </div>published<div style="display:inline-block;width:5.58px"> </div>by<div style="display:inline-block;width:5.2px"> </div>the<div style="display:inline-block;width:5.25px"> </div>IASB in<div style="display:inline-block;width:6.69px"> </div>September 2019,<div style="display:inline-block;width:6.7px"> </div>mainly to<div style="display:inline-block;width:6.41px"> </div>its hedges<div style="display:inline-block;width:7.17px"> </div>in USD<div style="display:inline-block;width:1.55px"> </div>.<div style="display:inline-block;width:5.31px"> </div>The cessation<div style="display:inline-block;width:6.5px"> </div>date<div style="display:inline-block;width:5.25px"> </div>for<div style="display:inline-block;width:5.1px"> </div>USD<div style="display:inline-block;width:5.51px"> </div>LIBOR<div style="display:inline-block;width:5.2px"> </div>is </div><div id="a124780" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">30 June 2023.</div><div id="a124783" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#FF0000;left:86.312px;top:53.8px;"> </div><div id="a124784" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.5px;">The<div style="display:inline-block;width:5.4px"> </div>following<div style="display:inline-block;width:5.68px"> </div>table<div style="display:inline-block;width:5.15px"> </div>provides<div style="display:inline-block;width:5.64px"> </div>details<div style="display:inline-block;width:5.09px"> </div>on<div style="display:inline-block;width:5.61px"> </div>the notional<div style="display:inline-block;width:6.75px"> </div>amount<div style="display:inline-block;width:5.5px"> </div>and<div style="display:inline-block;width:5.13px"> </div>carrying amount<div style="display:inline-block;width:6.61px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>hedging<div style="display:inline-block;width:5.64px"> </div>instruments<div style="display:inline-block;width:5.19px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the </div><div id="a124786" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:91.6px;">hedge relationships<div style="display:inline-block;width:5.97px"> </div>where the<div style="display:inline-block;width:5.27px"> </div>designated risk is<div style="display:inline-block;width:5.27px"> </div>LIBOR and<div style="display:inline-block;width:5.23px"> </div>maturing after<div style="display:inline-block;width:5.36px"> </div>the cessation<div style="display:inline-block;width:5.4px"> </div>date of the<div style="display:inline-block;width:5.56px"> </div>applicable interest </div><div id="a124787" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.3px;">rate benchmarks.<div style="display:inline-block;width:4.36px"> </div></div><div id="a124789" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:130px;">Hedges of net investments in foreign<div style="display:inline-block;width:5.35px"> </div>operations are not affected by the amendments. </div><div id="a124792" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:141.6px;">›</div><div id="a124793" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:141.9px;"> </div><div id="a124794" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:146.5px;">Refer to Note 1a<div style="display:inline-block;width:1.6px"> </div>item 2j for more<div style="display:inline-block;width:1.57px"> </div>information about<div style="display:inline-block;width:1.25px"> </div>the relief provided by<div style="display:inline-block;width:1.25px"> </div>the amendments<div style="display:inline-block;width:1.53px"> </div>to IFRS 9 and<div style="display:inline-block;width:1.62px"> </div>IFRS 7 related<div style="display:inline-block;width:1.61px"> </div>to </div><div id="a124797" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:161.2px;">interest rate benchmark<div style="display:inline-block;width:1.39px"> </div>reform </div><div id="a124799" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:171px;">›</div><div id="a124800" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:171.2px;"> </div><div id="a124801" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:175.8px;">Refer to Note 24<div style="display:inline-block;width:1.57px"> </div>for more information<div style="display:inline-block;width:1.22px"> </div>about the transition<div style="display:inline-block;width:1.36px"> </div>progress </div><div id="a124807" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:185.7px;">›</div><div id="a124808" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:185.9px;"> </div><div id="a124809" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:190.5px;">Refer to earlier parts<div style="display:inline-block;width:1.08px"> </div>of this Note for the<div style="display:inline-block;width:1.34px"> </div>information about<div style="display:inline-block;width:1.25px"> </div>the transition<div style="display:inline-block;width:1.44px"> </div>progress of fair value<div style="display:inline-block;width:1.18px"> </div>and cash flow hedges</div></div><div id="TextBlockContainer759" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:692px;height:121px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a124855" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Hedging instruments referencing<div style="display:inline-block;width:4.29px"> </div>LIBOR </div><div id="a124860" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:394.075px;top:14.3px;">31.12.22 </div><div id="a124863" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.502px;top:14.3px;">31.12.21 </div><div id="a124868" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:410.155px;top:30.5px;">Carrying amount </div><div id="a124872" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.582px;top:30.5px;">Carrying amount </div><div id="a124874" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:65.9px;">USD m </div><div id="a124876" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:347.235px;top:54.6px;">Notional </div><div id="a124877" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:350.542px;top:65.9px;">amount </div><div id="a124879" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:402.595px;top:42.8px;">Derivative </div><div id="a124880" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:407.795px;top:54.6px;">financial </div><div id="a124881" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:416.302px;top:65.9px;">assets </div><div id="a124883" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:462.688px;top:42.8px;">Derivative </div><div id="a124884" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:467.888px;top:54.6px;">financial </div><div id="a124885" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:466.462px;top:65.9px;">liabilities </div><div id="a124888" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:534.128px;top:54.6px;">Notional </div><div id="a124889" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.955px;top:65.9px;">amount </div><div id="a124891" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.008px;top:42.8px;">Derivative </div><div id="a124892" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:594.208px;top:54.6px;">financial </div><div id="a124893" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:602.288px;top:65.9px;">assets </div><div id="a124895" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.102px;top:42.8px;">Derivative </div><div id="a124896" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:654.342px;top:54.6px;">financial </div><div id="a124897" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.915px;top:65.9px;">liabilities </div><div id="a124899" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:79.6px;">Interest rate risk </div><div id="a124909" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:94.8px;">Fair value hedges </div><div id="a124913_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:351.955px;top:94.8px;">20,383</div><div id="a124916_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:433.808px;top:94.8px;">0</div><div id="a124919_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:493.888px;top:94.8px;">0</div><div id="a124923_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:538.382px;top:94.8px;">23,367</div><div id="a124926_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:619.782px;top:94.8px;">0</div><div id="a124929_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:679.875px;top:94.8px;">0</div><div id="a124932" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:110.4px;">Cash flow hedges </div><div id="a124935_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:356.688px;top:110.4px;">2,179</div><div id="a124938_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:433.808px;top:110.4px;">0</div><div id="a124941_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:493.888px;top:110.4px;">0</div><div id="a124945_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:538.382px;top:110.4px;">10,803</div><div id="a124948_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:619.782px;top:110.4px;">0</div><div id="a124951_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:679.875px;top:110.4px;">0</div></div> <div id="TextBlockContainer737" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:675px;height:448px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a124013" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">All hedges: designated<div style="display:inline-block;width:4.17px"> </div>hedging instruments and hedge ineffectiveness </div><div id="a124016" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.968px;top:15.3px;">As of or for the year ended </div><div id="a124021" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:480.648px;top:30.9px;">31.12.22 </div><div id="a124026" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:394.075px;top:53.6px;">Carrying amount </div><div id="a124031" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:101px;">USD m </div><div id="a124034" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.088px;top:89.1px;">Notional </div><div id="a124035" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:344.395px;top:101px;">amount </div><div id="a124037" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:386.008px;top:77.8px;">Derivative </div><div id="a124038" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:391.248px;top:89.1px;">financial </div><div id="a124039" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:399.755px;top:101px;">assets </div><div id="a124041" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:436.168px;top:77.8px;">Derivative </div><div id="a124042" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:441.368px;top:89.1px;">financial </div><div id="a124043" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:439.955px;top:101px;">liabilities </div><div id="a124045" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:496.768px;top:65.9px;">Changes in<div style="display:inline-block;width:2.78px"> </div></div><div id="a124047" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:494.395px;top:77.8px;">fair value of </div><div id="a124048" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:507.635px;top:89.1px;">hedging </div><div id="a124049" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:492.008px;top:101px;">instruments</div><div id="a124050" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:534.595px;top:101.6px;">1</div><div id="a124052" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:551.648px;top:65.9px;">Changes in </div><div id="a124053" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:549.288px;top:77.8px;">fair value of </div><div id="a124054" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:564.888px;top:89.1px;">hedged </div><div id="a124055" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:570.102px;top:101px;">items</div><div id="a124056" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:589.488px;top:101.6px;">1</div><div id="a124058" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:643.902px;top:65.9px;">Hedge </div><div id="a124059" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:614.582px;top:77.8px;">ineffectiveness </div><div id="a124060" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:604.648px;top:89.1px;">recognized in the </div><div id="a124061" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:602.755px;top:101px;">income statement </div><div id="a124063" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:115.1px;">Interest rate risk </div><div id="a124072" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:131.2px;">Fair value hedges </div><div id="a124075_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:345.808px;top:131.2px;">92,415</div><div id="a124078_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:417.248px;top:131.2px;">0</div><div id="a124081_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:467.408px;top:131.2px;">0</div><div id="a124084_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:510.955px;top:131.2px;display:flex;">(5,195)</div><div id="a124087_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:570.568px;top:131.2px;">5,169</div><div id="a124090_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:653.395px;top:131.2px;display:flex;">(27)</div><div id="a124093" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:147.8px;">Cash flow hedges </div><div id="a124096_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:345.808px;top:147.8px;">75,304</div><div id="a124099_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:417.248px;top:147.8px;">2</div><div id="a124102_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:467.408px;top:147.8px;">5</div><div id="a124105_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:510.955px;top:147.8px;display:flex;">(5,813)</div><div id="a124108_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:570.568px;top:147.8px;">5,760</div><div id="a124111_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:653.395px;top:147.8px;display:flex;">(53)</div><div id="a124114" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:163.4px;">Foreign exchange risk </div><div id="a124123" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:179.5px;">Fair value hedges</div><div id="a124124" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:66.607px;top:180.1px;">2</div><div id="a124127_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:345.808px;top:179.5px;">20,566</div><div id="a124130_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:407.315px;top:179.5px;">845</div><div id="a124133_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:467.408px;top:179.5px;">3</div><div id="a124136_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:510.955px;top:179.5px;display:flex;">(1,088)</div><div id="a124139_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:570.568px;top:179.5px;">1,105</div><div id="a124142_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:658.115px;top:179.5px;">18</div><div id="a124145" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:196px;">Hedges of net investments in foreign operations </div><div id="a124149_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:345.808px;top:196px;">14,009</div><div id="a124152_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:417.248px;top:196px;">7</div><div id="a124155_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.475px;top:196px;">529</div><div id="a124158_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:522.768px;top:196px;">336</div><div id="a124161_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:572.928px;top:196px;display:flex;">(337)</div><div id="a124164_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:658.115px;top:196px;display:flex;">(1)</div><div id="a124177" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.968px;top:233.9px;">As of or for the year ended </div><div id="a124181" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.648px;top:249.5px;">31.12.21 </div><div id="a124186" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.555px;top:272.2px;">Carrying amount </div><div id="a124191" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:319.5px;">USD m </div><div id="a124194" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:341.555px;top:307.7px;">Notional </div><div id="a124195" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.395px;top:319.5px;">amount </div><div id="a124197" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.475px;top:295.9px;">Derivative </div><div id="a124198" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:391.715px;top:307.7px;">financial </div><div id="a124199" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:399.755px;top:319.5px;">assets </div><div id="a124201" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:436.635px;top:295.9px;">Derivative </div><div id="a124202" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:441.875px;top:307.7px;">financial </div><div id="a124203" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.422px;top:319.5px;">liabilities </div><div id="a124205" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:497.235px;top:284.5px;">Changes in<div style="display:inline-block;width:2.79px"> </div></div><div id="a124207" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:494.875px;top:295.9px;">fair value of </div><div id="a124209" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:507.635px;top:307.7px;">hedging </div><div id="a124210" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:492.008px;top:319.5px;">instruments</div><div id="a124211" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:534.128px;top:320.2px;">1</div><div id="a124213" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:552.128px;top:284.5px;">Changes in </div><div id="a124214" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:295.9px;">fair value of </div><div id="a124215" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.888px;top:307.7px;">hedged </div><div id="a124216" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.102px;top:319.5px;">items</div><div id="a124217" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:589.008px;top:320.2px;">1</div><div id="a124219" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:643.902px;top:284.5px;">Hedge </div><div id="a124220" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.048px;top:295.9px;">ineffectiveness </div><div id="a124221" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:604.648px;top:307.7px;">recognized in the </div><div id="a124222" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:602.755px;top:319.5px;">income statement </div><div id="a124224" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:333.3px;">Interest rate risk </div><div id="a124233" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:349.8px;">Fair value hedges </div><div id="a124236_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.808px;top:349.8px;">89,525</div><div id="a124239_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:417.248px;top:349.8px;">0</div><div id="a124242_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:467.408px;top:349.8px;">7</div><div id="a124245_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:510.475px;top:349.8px;display:flex;">(1,604)</div><div id="a124248_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.568px;top:349.8px;">1,602</div><div id="a124251_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.648px;top:349.8px;display:flex;">(2)</div><div id="a124254" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:366.3px;">Cash flow hedges </div><div id="a124257_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.808px;top:366.3px;">79,573</div><div id="a124260_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.528px;top:366.3px;">12</div><div id="a124263_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:467.408px;top:366.3px;">1</div><div id="a124266_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:510.475px;top:366.3px;display:flex;">(1,185)</div><div id="a124269_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.662px;top:366.3px;">990</div><div id="a124272_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:648.155px;top:366.3px;display:flex;">(196)</div><div id="a124275" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:382px;">Foreign exchange risk </div><div id="a124284" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:398.1px;">Fair value hedges</div><div id="a124285" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:66.607px;top:398.7px;">2</div><div id="a124288_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.808px;top:398.1px;">27,875</div><div id="a124291_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.528px;top:398.1px;">87</div><div id="a124294_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:457.475px;top:398.1px;">261</div><div id="a124297_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:510.475px;top:398.1px;display:flex;">(2,139)</div><div id="a124300_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.568px;top:398.1px;">2,181</div><div id="a124303_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:398.1px;">42</div><div id="a124306" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:414.6px;">Hedges of net investments in foreign operations </div><div id="a124309_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.808px;top:414.6px;">13,939</div><div id="a124312_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.528px;top:414.6px;">23</div><div id="a124315_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:457.475px;top:414.6px;">105</div><div id="a124318_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:522.768px;top:414.6px;">497</div><div id="a124321_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.928px;top:414.6px;display:flex;">(497)</div><div id="a124324_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.848px;top:414.6px;">0</div><div id="a124327" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:429.6px;">1 Amounts<div style="display:inline-block;width:3.46px"> </div>used as the<div style="display:inline-block;width:3.95px"> </div>basis for<div style="display:inline-block;width:3.78px"> </div>recognizing hedge<div style="display:inline-block;width:4.04px"> </div>ineffectiveness for<div style="display:inline-block;width:3.94px"> </div>the period.<div style="display:inline-block;width:11.35px"> </div>2 The<div style="display:inline-block;width:3.8px"> </div>foreign currency<div style="display:inline-block;width:4.42px"> </div>basis spread<div style="display:inline-block;width:3.48px"> </div>of cross-currency<div style="display:inline-block;width:4.1px"> </div>swaps designated<div style="display:inline-block;width:4.58px"> </div>as hedging<div style="display:inline-block;width:3.48px"> </div>derivatives is<div style="display:inline-block;width:4.07px"> </div>excluded from<div style="display:inline-block;width:3.62px"> </div>the hedge </div><div id="a124331" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:440px;">accounting designation and accounted<div style="display:inline-block;width:3.96px"> </div>for as a cost of hedging with<div style="display:inline-block;width:3.64px"> </div>amounts deferred in Other<div style="display:inline-block;width:3.46px"> </div>comprehensive income<div style="display:inline-block;width:3.62px"> </div>within Equity.</div></div> 92415000000 0 0 -5195000000 5169000000 -27000000 75304000000 2000000 5000000 -5813000000 5760000000 -53000000 20566000000 845000000 3000000 -1088000000 1105000000 18000000 14009000000 7000000 529000000 336000000 -337000000 -1000000 89525000000 0 7000000 -1604000000 1602000000 -2000000 79573000000 12000000 1000000 -1185000000 990000000 -196000000 27875000000 87000000 261000000 -2139000000 2181000000 42000000 13939000000 23000000 105000000 497000000 -497000000 0 <div id="TextBlockContainer742" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:225px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_740_XBRL_TS_8424d7d15dfc4f3d9a299e41944325b4" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer741" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:225px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a124376" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Fair value hedges: designated<div style="display:inline-block;width:4.23px"> </div>hedged items<div style="display:inline-block;width:2.88px"> </div></div><div id="a124384" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:15.8px;">USD m </div><div id="a124387" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:501.968px;top:15.8px;">31.12.22 </div><div id="a124390" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:610.795px;top:15.8px;">31.12.21 </div><div id="a124394" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:473.555px;top:29.5px;">Interest rate </div><div id="a124395" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:504.808px;top:41.3px;">risk </div><div id="a124397" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:543.102px;top:41.3px;">FX risk </div><div id="a124400" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.395px;top:29.5px;">Interest rate </div><div id="a124401" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.635px;top:41.3px;">risk </div><div id="a124403" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.448px;top:41.3px;">FX risk </div><div id="a124405" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:57.4px;">Debt issued measured at amortized<div style="display:inline-block;width:3.82px"> </div>cost </div><div id="a124413" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:75.4px;">Carrying amount of designated debt issued </div><div id="a124416_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:491.062px;top:75.4px;">68,529</div><div id="a124419_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:540.742px;top:75.4px;">20,566</div><div id="a124423_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:599.915px;top:75.4px;">74,700</div><div id="a124426_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:650.048px;top:75.4px;">27,875</div><div id="a124429" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:91.5px;"><div style="display:inline-block;width:2.37px"> </div>of which: accumulated amount of fair value hedge<div style="display:inline-block;width:3.73px"> </div>adjustment </div><div id="a124433_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:491.062px;top:91.5px;display:flex;">(6,057)</div><div id="a124438_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:611.742px;top:91.5px;">478</div><div id="a124442" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:107.6px;">Other financial assets measured at<div style="display:inline-block;width:3.94px"> </div>amortized cost – debt securities </div><div id="a124453" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:123.7px;">Carrying amount of designated debt securities </div><div id="a124456_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:495.822px;top:123.7px;">4,577</div><div id="a124461_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:604.648px;top:123.7px;">2,677</div><div id="a124465" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:140.2px;"><div style="display:inline-block;width:2.37px"> </div>of which: accumulated amount of fair value hedge<div style="display:inline-block;width:3.73px"> </div>adjustment </div><div id="a124469_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:498.182px;top:140.2px;display:flex;">(180)</div><div id="a124474_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:616.475px;top:140.2px;display:flex;">(7)</div><div id="a124478" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:155.8px;">Loans and advances to customers </div><div id="a124487" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:171.9px;">Carrying amount of designated loans </div><div id="a124490_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:491.062px;top:171.9px;">14,270</div><div id="a124495_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:599.915px;top:171.9px;">13,835</div><div id="a124499" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:188.5px;">of which: accumulated amount of fair value hedge<div style="display:inline-block;width:3.71px"> </div>adjustment </div><div id="a124502_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:491.062px;top:188.5px;display:flex;">(1,249)</div><div id="a124507_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.008px;top:188.5px;display:flex;">(109)</div><div id="a124511" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:203.1px;">of which: accumulated amount of fair value hedge<div style="display:inline-block;width:3.71px"> </div>adjustment subject to amortization attributable<div style="display:inline-block;width:3.83px"> </div>to the portion of the </div><div id="a124513" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:215px;">portfolio that ceased to be part of hedge accounting </div><div id="a124516_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:503.382px;top:215px;display:flex;">(51)</div><div id="a124521_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:621.675px;top:215px;">3</div></div></div></div> 68529000000 20566000000 74700000000 27875000000 -6057000000 478000000 4577000000 2677000000 -180000000 -7000000 14270000000 13835000000 -1249000000 -109000000 -51000000 3000000 <div id="TextBlockContainer746" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:179px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_744_XBRL_TS_11a03c6ceeb1416398a279f50104ebb7" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer745" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:179px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a124527" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Fair value hedges: profile of<div style="display:inline-block;width:4.17px"> </div>the timing of the nominal amount<div style="display:inline-block;width:4.16px"> </div>of the hedging instrument<div style="display:inline-block;width:3.4px"> </div></div><div id="a124530" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:453.222px;top:15.3px;">31.12.22 </div><div id="a124532" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:47.9px;">USD bn </div><div id="a124534" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:288.555px;top:36.1px;">Due within </div><div id="a124536" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:297.542px;top:47.9px;">1 month </div><div id="a124538" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:359.995px;top:36.1px;">Due between </div><div id="a124540" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:350.542px;top:47.9px;">1 and 3 months </div><div id="a124542" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:442.342px;top:36.1px;">Due between </div><div id="a124544" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:428.128px;top:47.9px;">3 and 12 months </div><div id="a124546" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:512.368px;top:36.1px;">Due between </div><div id="a124548" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:511.422px;top:47.9px;">1 and 5 years </div><div id="a124550" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:587.115px;top:36.1px;">Due after </div><div id="a124552" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:594.688px;top:47.9px;">5 years </div><div id="a124554" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:660.488px;top:47.9px;">Total </div><div id="a124556" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:61.6px;">Interest rate swaps </div><div id="a124559_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:323.555px;top:61.6px;">0</div><div id="a124562_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:403.542px;top:61.6px;">4</div><div id="a124565_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:481.128px;top:61.6px;">10</div><div id="a124568_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:551.182px;top:61.6px;">53</div><div id="a124571_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:611.275px;top:61.6px;">26</div><div id="a124574_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:668.995px;top:61.6px;">92</div><div id="a124577" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:78.2px;">Cross-currency swaps<div style="display:inline-block;width:3.25px"> </div></div><div id="a124581_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:323.555px;top:78.2px;">0</div><div id="a124584_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:403.542px;top:78.2px;">1</div><div id="a124587_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:485.848px;top:78.2px;">2</div><div id="a124590_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:551.182px;top:78.2px;">12</div><div id="a124593_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:615.995px;top:78.2px;">5</div><div id="a124596_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:668.995px;top:78.2px;">21</div><div id="a124607" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:453.222px;top:106.1px;">31.12.21 </div><div id="a124609" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:138.8px;">USD bn </div><div id="a124611" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:289.035px;top:126.9px;">Due within </div><div id="a124613" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:297.542px;top:138.8px;">1 month </div><div id="a124615" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:359.995px;top:126.9px;">Due between </div><div id="a124617" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:350.542px;top:138.8px;">1 and 3 months </div><div id="a124619" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:442.342px;top:126.9px;">Due between </div><div id="a124621" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:428.128px;top:138.8px;">3 and 12 months </div><div id="a124623" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.368px;top:126.9px;">Due between </div><div id="a124625" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.422px;top:138.8px;">1 and 5 years </div><div id="a124627" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.115px;top:126.9px;">Due after </div><div id="a124629" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:594.688px;top:138.8px;">5 years </div><div id="a124631" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:138.8px;">Total </div><div id="a124633" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:152.5px;">Interest rate swaps </div><div id="a124635_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:323.555px;top:152.5px;">0</div><div id="a124638_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.542px;top:152.5px;">8</div><div id="a124641_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.128px;top:152.5px;">10</div><div id="a124644_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:551.182px;top:152.5px;">49</div><div id="a124647_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:611.275px;top:152.5px;">22</div><div id="a124650_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:152.5px;">90</div><div id="a124653" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:169.1px;">Cross-currency swaps<div style="display:inline-block;width:3.25px"> </div></div><div id="a124657_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:323.555px;top:169.1px;">1</div><div id="a124660_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.542px;top:169.1px;">1</div><div id="a124663_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.848px;top:169.1px;">6</div><div id="a124666_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:551.182px;top:169.1px;">13</div><div id="a124669_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.995px;top:169.1px;">6</div><div id="a124672_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:169.1px;">28</div></div></div></div> 0 4000000000 10000000000 53000000000 26000000000 92000000000 0 1000000000 2000000000 12000000000 5000000000 21000000000 0 8000000000 10000000000 49000000000 22000000000 90000000000 1000000000 1000000000 6000000000 13000000000 6000000000 28000000000 <div id="TextBlockContainer749" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:73px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a124677" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Cash flow hedge reserve on<div style="display:inline-block;width:4.26px"> </div>a pre-tax basis<div style="display:inline-block;width:3.36px"> </div></div><div id="a124682" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:15.8px;">USD m </div><div id="a124684" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:577.195px;top:15.8px;">31.12.22 </div><div id="a124686" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.315px;top:15.8px;">31.12.21 </div><div id="a124688" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:31.4px;">Amounts related to hedge relationships for which hedge<div style="display:inline-block;width:3.95px"> </div>accounting continues to be<div style="display:inline-block;width:3.79px"> </div>applied </div><div id="a124690_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:584.288px;top:31.4px;display:flex;">(4,692)</div><div id="a124693_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.475px;top:31.4px;">26</div><div id="a124696" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:47.5px;">Amounts related to hedge relationships for which hedge<div style="display:inline-block;width:3.95px"> </div>accounting is no longer applied </div><div id="a124699_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:47.5px;display:flex;">(540)</div><div id="a124702_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:47.5px;">743</div><div id="a124705" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:63.1px;">Total other comprehensive<div style="display:inline-block;width:3.77px"> </div>income recognized directly in equity<div style="display:inline-block;width:3.76px"> </div>related to cash flow hedges, on<div style="display:inline-block;width:3.81px"> </div>a pre-tax basis </div><div id="a124709_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:584.288px;top:63.1px;display:flex;">(5,232)</div><div id="a124712_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:63.1px;">769</div></div> -4692000000 26000000 -540000000 743000000 -5232000000 769000000 <div id="TextBlockContainer753" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:83px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a124716" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Foreign currency translation<div style="display:inline-block;width:4.29px"> </div>reserve on a pre<div style="display:inline-block;width:1.47px"> </div>-tax basis </div><div id="a124722" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:15.3px;">USD m </div><div id="a124724" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:577.195px;top:15.3px;">31.12.22 </div><div id="a124726" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.315px;top:15.3px;">31.12.21 </div><div id="a124728" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:31.4px;">Amounts related to hedge relationships for which hedge<div style="display:inline-block;width:3.95px"> </div>accounting continues to be<div style="display:inline-block;width:3.79px"> </div>applied </div><div id="a124730_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:31.4px;">284</div><div id="a124733_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:31.4px;display:flex;">(45)</div><div id="a124736" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:47.4px;">Amounts related to hedge relationships for which hedge<div style="display:inline-block;width:3.95px"> </div>accounting is no longer applied </div><div id="a124738_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:49.4px;">266</div><div id="a124741_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:49.4px;">262</div><div id="a124744" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:61.7px;">Total other comprehensive<div style="display:inline-block;width:3.77px"> </div>income recognized directly in equity<div style="display:inline-block;width:3.76px"> </div>related to hedging instruments designated<div style="display:inline-block;width:3.8px"> </div>as net investment hedges, on<div style="display:inline-block;width:3.7px"> </div>a pre-tax </div><div id="a124749" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:73px;">basis </div><div id="a124751_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:73px;">550</div><div id="a124754_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:73px;">217</div></div> 284000000 -45000000 266000000 262000000 550000000 217000000 <div id="TextBlockContainer760" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:692px;height:121px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_758_XBRL_TS_323181be6f8c4d5abc826cedddb37eab" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer759" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:692px;height:121px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a124855" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Hedging instruments referencing<div style="display:inline-block;width:4.29px"> </div>LIBOR </div><div id="a124860" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:394.075px;top:14.3px;">31.12.22 </div><div id="a124863" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.502px;top:14.3px;">31.12.21 </div><div id="a124868" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:410.155px;top:30.5px;">Carrying amount </div><div id="a124872" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.582px;top:30.5px;">Carrying amount </div><div id="a124874" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:65.9px;">USD m </div><div id="a124876" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:347.235px;top:54.6px;">Notional </div><div id="a124877" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:350.542px;top:65.9px;">amount </div><div id="a124879" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:402.595px;top:42.8px;">Derivative </div><div id="a124880" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:407.795px;top:54.6px;">financial </div><div id="a124881" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:416.302px;top:65.9px;">assets </div><div id="a124883" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:462.688px;top:42.8px;">Derivative </div><div id="a124884" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:467.888px;top:54.6px;">financial </div><div id="a124885" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:466.462px;top:65.9px;">liabilities </div><div id="a124888" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:534.128px;top:54.6px;">Notional </div><div id="a124889" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.955px;top:65.9px;">amount </div><div id="a124891" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.008px;top:42.8px;">Derivative </div><div id="a124892" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:594.208px;top:54.6px;">financial </div><div id="a124893" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:602.288px;top:65.9px;">assets </div><div id="a124895" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.102px;top:42.8px;">Derivative </div><div id="a124896" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:654.342px;top:54.6px;">financial </div><div id="a124897" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.915px;top:65.9px;">liabilities </div><div id="a124899" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:79.6px;">Interest rate risk </div><div id="a124909" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:94.8px;">Fair value hedges </div><div id="a124913_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:351.955px;top:94.8px;">20,383</div><div id="a124916_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:433.808px;top:94.8px;">0</div><div id="a124919_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:493.888px;top:94.8px;">0</div><div id="a124923_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:538.382px;top:94.8px;">23,367</div><div id="a124926_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:619.782px;top:94.8px;">0</div><div id="a124929_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:679.875px;top:94.8px;">0</div><div id="a124932" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:110.4px;">Cash flow hedges </div><div id="a124935_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:356.688px;top:110.4px;">2,179</div><div id="a124938_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:433.808px;top:110.4px;">0</div><div id="a124941_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:493.888px;top:110.4px;">0</div><div id="a124945_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:538.382px;top:110.4px;">10,803</div><div id="a124948_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:619.782px;top:110.4px;">0</div><div id="a124951_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:679.875px;top:110.4px;">0</div></div></div></div> 20383000000 0 0 23367000000 0 0 2179000000 0 0 10803000000 0 0 <div id="TextBlockContainer762" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:267px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a124958" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 26<div style="display:inline-block;width:8.21px"> </div>Post-employment benefit plans</div></div><div id="TextBlockContainer764" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:759px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a124964" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">a) Defined benefit plans </div><div id="a124966" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.3px;">UBS has<div style="display:inline-block;width:5.44px"> </div>established defined<div style="display:inline-block;width:5.53px"> </div>benefit plans<div style="display:inline-block;width:5.18px"> </div>for its employees<div style="display:inline-block;width:5.09px"> </div>in various<div style="display:inline-block;width:5.4px"> </div>jurisdictions in<div style="display:inline-block;width:5.86px"> </div>accordance with local<div style="display:inline-block;width:5.81px"> </div>regulations </div><div id="a124967" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.9px;">and practices.<div style="display:inline-block;width:5.25px"> </div>The major plans<div style="display:inline-block;width:5.75px"> </div>are located<div style="display:inline-block;width:5.81px"> </div>in Switzerland,<div style="display:inline-block;width:5.96px"> </div>the UK,<div style="display:inline-block;width:5.09px"> </div>the US<div style="display:inline-block;width:5.04px"> </div>and Germany.<div style="display:inline-block;width:6.62px"> </div>The level<div style="display:inline-block;width:5.1px"> </div>of benefits<div style="display:inline-block;width:5.4px"> </div>depends </div><div id="a124970" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:58px;">on the specific plan rules. </div><div id="a124974" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:80.7px;">Swiss pension plan </div><div id="a124979" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:95.9px;">The Swiss<div style="display:inline-block;width:5.17px"> </div>pension plan covers<div style="display:inline-block;width:5.28px"> </div>employees of UBS<div style="display:inline-block;width:5.9px"> </div>Group AG<div style="display:inline-block;width:5.03px"> </div>in Switzerland and<div style="display:inline-block;width:5.26px"> </div>employees of companies<div style="display:inline-block;width:5.77px"> </div>in Switzerland </div><div id="a124994" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:111.5px;">having close economic or financial ties with UBS Group AG, and exceeds the minimum benefit requirements under Swiss </div><div id="a125004" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:126.6px;">pension law.<div style="display:inline-block;width:6.49px"> </div>The Swiss plan<div style="display:inline-block;width:5.56px"> </div>offers retirement,<div style="display:inline-block;width:5.25px"> </div>disability and<div style="display:inline-block;width:5.39px"> </div>survivor benefits and<div style="display:inline-block;width:5.97px"> </div>is governed by<div style="display:inline-block;width:5.57px"> </div>a Pension<div style="display:inline-block;width:5.38px"> </div>Foundation </div><div id="a125008" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:142.3px;">Board. The responsibilities of<div style="display:inline-block;width:5.04px"> </div>this board are defined<div style="display:inline-block;width:5.22px"> </div>by Swiss pension law and<div style="display:inline-block;width:5.45px"> </div>the plan rules. </div><div id="a125010" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:165px;">Savings contributions to the Swiss<div style="display:inline-block;width:2.22px"> </div>plan are paid<div style="display:inline-block;width:2.32px"> </div>by both employer and employee.<div style="display:inline-block;width:2.13px"> </div>Depending on the age<div style="display:inline-block;width:2.03px"> </div>of the employee, </div><div id="a125018" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:180.1px;">UBS pays<div style="display:inline-block;width:5.24px"> </div>a savings<div style="display:inline-block;width:5.03px"> </div>contribution that<div style="display:inline-block;width:5.07px"> </div>ranges between </div><div id="a125018_52_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:313.713px;top:180.1px;">6.5</div><div id="a125018_55_6" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:332.629px;top:180.1px;">% and </div><div id="a125018_61_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:375.19px;top:180.1px;">27.5</div><div id="a125018_65_42" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:401.673px;top:180.1px;">% of contributory base<div style="display:inline-block;width:5.7px"> </div>salary and between </div><div id="a125018_107_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:653.732px;top:180.1px;">2.8</div><div id="a125018_110_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:672.175px;top:180.1px;">% </div><div id="a125019" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:195.2px;">and </div><div id="a125019_4_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:31.861px;top:195.2px;">9</div><div id="a125019_5_111" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:39.427px;top:195.2px;">%<div style="display:inline-block;width:5.2px"> </div>of<div style="display:inline-block;width:5.25px"> </div>contributory<div style="display:inline-block;width:5.09px"> </div>variable<div style="display:inline-block;width:5.79px"> </div>compensation.<div style="display:inline-block;width:5.75px"> </div>UBS<div style="display:inline-block;width:5.56px"> </div>also<div style="display:inline-block;width:5.35px"> </div>pays<div style="display:inline-block;width:5.25px"> </div>risk<div style="display:inline-block;width:5.71px"> </div>contributions<div style="display:inline-block;width:5.59px"> </div>that<div style="display:inline-block;width:5.57px"> </div>are<div style="display:inline-block;width:5.29px"> </div>used<div style="display:inline-block;width:5.66px"> </div>to<div style="display:inline-block;width:5.25px"> </div>fund<div style="display:inline-block;width:5.66px"> </div>disability and </div><div id="a125022" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:210.8px;">survivor benefits. Employees<div style="display:inline-block;width:5.19px"> </div>can choose the level of savings<div style="display:inline-block;width:5.58px"> </div>contributions paid<div style="display:inline-block;width:5.05px"> </div>by them, which vary between </div><div id="a125022_108_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:627.721px;top:210.8px;">2.5</div><div id="a125022_111_6" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:646.637px;top:210.8px;">% and </div><div id="a125023" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:226px;">13.5</div><div id="a125023_4_42" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:31.388px;top:226px;">% of contributory base salary and<div style="display:inline-block;width:5.43px"> </div>between </div><div id="a125023_46_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:281.554px;top:226px;">0</div><div id="a125023_47_6" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:289.121px;top:226px;">% and </div><div id="a125023_53_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:331.682px;top:226px;">9</div><div id="a125023_54_58" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:339.249px;top:226px;">% of contributory<div style="display:inline-block;width:5.16px"> </div>variable compensation,<div style="display:inline-block;width:5.05px"> </div>depending on<div style="display:inline-block;width:5.4px"> </div>age </div><div id="a125027" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:241.6px;">and choice of savings contribution<div style="display:inline-block;width:5.09px"> </div>category.<div style="display:inline-block;width:4.49px"> </div></div><div id="a125030" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:264.3px;">The plan offers to members at the<div style="display:inline-block;width:5.15px"> </div>normal retirement age<div style="display:inline-block;width:5.13px"> </div>of </div><div id="a125030_59_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:349.371px;top:264.3px;">65</div><div id="a125030_61_59" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:364.504px;top:264.3px;"><div style="display:inline-block;width:3.78px"> </div>a choice between a lifetime<div style="display:inline-block;width:5.1px"> </div>pension and<div style="display:inline-block;width:5.05px"> </div>a partial or full </div><div id="a125032" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:279.4px;">lump sum<div style="display:inline-block;width:5.08px"> </div>payment. Participants can<div style="display:inline-block;width:5.47px"> </div>choose to draw<div style="display:inline-block;width:5.59px"> </div>early retirement benefits<div style="display:inline-block;width:5.53px"> </div>starting from<div style="display:inline-block;width:5.18px"> </div>the age of </div><div id="a125032_101_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:593.924px;top:279.4px;">58</div><div id="a125032_103_15" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:608.584px;top:279.4px;">, but can<div style="display:inline-block;width:5.29px"> </div>also </div><div id="a125034" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:295.1px;">continue<div style="display:inline-block;width:5.08px"> </div>employment and<div style="display:inline-block;width:6.02px"> </div>remain active<div style="display:inline-block;width:5.15px"> </div>members of<div style="display:inline-block;width:6.09px"> </div>the plan<div style="display:inline-block;width:5.66px"> </div>until the<div style="display:inline-block;width:5.87px"> </div>age of </div><div id="a125034_75_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:461.259px;top:295.1px;">70</div><div id="a125034_77_36" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:475.919px;top:295.1px;">. Employees have<div style="display:inline-block;width:5.98px"> </div>the opportunity<div style="display:inline-block;width:6.28px"> </div>to </div><div id="a125035" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:310.2px;">make additional purchases of benefits<div style="display:inline-block;width:5.07px"> </div>to fund early retirement benefits. </div><div id="a125037" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:332.9px;">The pension<div style="display:inline-block;width:5.32px"> </div>amount<div style="display:inline-block;width:4.15px"> </div>payable to a<div style="display:inline-block;width:5.56px"> </div>participant is calculated<div style="display:inline-block;width:5.33px"> </div>by applying<div style="display:inline-block;width:5.23px"> </div>a conversion<div style="display:inline-block;width:5.03px"> </div>rate to the accumulated<div style="display:inline-block;width:5.1px"> </div>balance of </div><div id="a125041" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:348px;">the<div style="display:inline-block;width:5.25px"> </div>participant’s<div style="display:inline-block;width:5.56px"> </div>retirement savings<div style="display:inline-block;width:7.2px"> </div>account<div style="display:inline-block;width:5.72px"> </div>at<div style="display:inline-block;width:5.05px"> </div>the<div style="display:inline-block;width:5.25px"> </div>retirement<div style="display:inline-block;width:5.48px"> </div>date.<div style="display:inline-block;width:5.36px"> </div>The<div style="display:inline-block;width:5.4px"> </div>balance<div style="display:inline-block;width:5.3px"> </div>is<div style="display:inline-block;width:5.62px"> </div>based<div style="display:inline-block;width:5.66px"> </div>on<div style="display:inline-block;width:5.61px"> </div>credited<div style="display:inline-block;width:5.23px"> </div>vested<div style="display:inline-block;width:5.1px"> </div>benefits </div><div id="a125042" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:363.6px;">transferred<div style="display:inline-block;width:5.13px"> </div>from<div style="display:inline-block;width:5.18px"> </div>previous<div style="display:inline-block;width:6.11px"> </div>employers,<div style="display:inline-block;width:5.28px"> </div>purchases<div style="display:inline-block;width:5.79px"> </div>of<div style="display:inline-block;width:5.25px"> </div>benefits,<div style="display:inline-block;width:5.35px"> </div>and<div style="display:inline-block;width:5.61px"> </div>the<div style="display:inline-block;width:5.25px"> </div>employee<div style="display:inline-block;width:5.15px"> </div>and<div style="display:inline-block;width:6.08px"> </div>employer<div style="display:inline-block;width:5.47px"> </div>contributions<div style="display:inline-block;width:5.59px"> </div>that<div style="display:inline-block;width:5.1px"> </div>have </div><div id="a125044" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:378.8px;">been<div style="display:inline-block;width:6.08px"> </div>made<div style="display:inline-block;width:5.72px"> </div>to<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.25px"> </div>participant’s<div style="display:inline-block;width:5.56px"> </div>retirement<div style="display:inline-block;width:5.96px"> </div>savings<div style="display:inline-block;width:5.87px"> </div>account,<div style="display:inline-block;width:5.83px"> </div>as<div style="display:inline-block;width:5.72px"> </div>well<div style="display:inline-block;width:5.57px"> </div>as<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>interest<div style="display:inline-block;width:5.89px"> </div>accrued.<div style="display:inline-block;width:5.63px"> </div>The<div style="display:inline-block;width:5.88px"> </div>annual<div style="display:inline-block;width:6.18px"> </div>interest<div style="display:inline-block;width:5.13px"> </div>rate </div><div id="a125046" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:394.4px;">credited to participants is determined by<div style="display:inline-block;width:5.1px"> </div>the Pension Foundati<div style="display:inline-block;width:1.38px"> </div>on Board at the end of each year. </div><div id="a125049" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:417.1px;">Although<div style="display:inline-block;width:5.64px"> </div>the Swiss<div style="display:inline-block;width:5.45px"> </div>plan<div style="display:inline-block;width:5.03px"> </div>is based<div style="display:inline-block;width:5.7px"> </div>on a<div style="display:inline-block;width:5.71px"> </div>defined<div style="display:inline-block;width:5.08px"> </div>contribution<div style="display:inline-block;width:5.07px"> </div>promise under<div style="display:inline-block;width:6.04px"> </div>Swiss pension<div style="display:inline-block;width:6.16px"> </div>law, it<div style="display:inline-block;width:5.41px"> </div>is accounted<div style="display:inline-block;width:5.98px"> </div>for as<div style="display:inline-block;width:5.72px"> </div>a </div><div id="a125050" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:432.2px;">defined<div style="display:inline-block;width:6.02px"> </div>benefit<div style="display:inline-block;width:5.67px"> </div>plan<div style="display:inline-block;width:5.98px"> </div>under<div style="display:inline-block;width:6.23px"> </div>International<div style="display:inline-block;width:5.94px"> </div>Financial<div style="display:inline-block;width:5.36px"> </div>Reporting<div style="display:inline-block;width:6.28px"> </div>Standards<div style="display:inline-block;width:6.26px"> </div>(IFRS),<div style="display:inline-block;width:6.06px"> </div>primarily<div style="display:inline-block;width:5.37px"> </div>because<div style="display:inline-block;width:5.99px"> </div>of<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>obligation<div style="display:inline-block;width:6.22px"> </div>to </div><div id="a125055" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:447.4px;">accrue interest on the participants’<div style="display:inline-block;width:5.12px"> </div>retirement savings accounts and<div style="display:inline-block;width:5.17px"> </div>the payment of lifetime pension<div style="display:inline-block;width:5.12px"> </div>benefits.<div style="display:inline-block;width:4.15px"> </div></div><div id="a125059" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:470.6px;">An actuarial valuation in accordance with Swiss<div style="display:inline-block;width:5.09px"> </div>pension law is performed regularly.<div style="display:inline-block;width:5.19px"> </div>Should an underfunded<div style="display:inline-block;width:5.06px"> </div>situation on </div><div id="a125060" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:485.7px;">this basis occur, the Pension Foundation Board<div style="display:inline-block;width:5.13px"> </div>is required to take the necessary measures to ensure that full funding<div style="display:inline-block;width:5.12px"> </div>can </div><div id="a125063" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:500.8px;">be<div style="display:inline-block;width:6.82px"> </div>expected<div style="display:inline-block;width:6.94px"> </div>to<div style="display:inline-block;width:6.67px"> </div>be<div style="display:inline-block;width:6.82px"> </div>restored<div style="display:inline-block;width:7.09px"> </div>within<div style="display:inline-block;width:7.24px"> </div>a<div style="display:inline-block;width:6.62px"> </div>maximum<div style="display:inline-block;width:7px"> </div>period<div style="display:inline-block;width:7.63px"> </div>of </div><div id="a125063_54_2" style="position:absolute;font-family:'Frutiger';font-size:13.241px;left:356.462px;top:500.8px;">10</div><div id="a125063_56_53" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:371.595px;top:500.8px;"><div style="display:inline-block;width:6.62px"> </div>years.<div style="display:inline-block;width:6.96px"> </div>If<div style="display:inline-block;width:6.84px"> </div>a<div style="display:inline-block;width:6.62px"> </div>Swiss<div style="display:inline-block;width:7.19px"> </div>plan<div style="display:inline-block;width:6.92px"> </div>were<div style="display:inline-block;width:6.81px"> </div>to<div style="display:inline-block;width:6.67px"> </div>become<div style="display:inline-block;width:7.14px"> </div>significantly </div><div id="a125066" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:516.5px;">underfunded<div style="display:inline-block;width:5.37px"> </div>on a<div style="display:inline-block;width:5.71px"> </div>Swiss pension<div style="display:inline-block;width:5.69px"> </div>law basis,<div style="display:inline-block;width:6.08px"> </div>additional employer<div style="display:inline-block;width:5.44px"> </div>and<div style="display:inline-block;width:5.13px"> </div>employee contributions<div style="display:inline-block;width:6.37px"> </div>could<div style="display:inline-block;width:5.03px"> </div>be required.<div style="display:inline-block;width:5.81px"> </div>In this </div><div id="a125068" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:531.6px;">situation, the risk is<div style="display:inline-block;width:2.24px"> </div>shared between employer and employees, and the employer<div style="display:inline-block;width:2.17px"> </div>is not legally obliged to cover more than </div><div id="a125069" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:546.7px;">50</div><div id="a125069_2_116" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:546.7px;">% of the<div style="display:inline-block;width:5.07px"> </div>additional contributions<div style="display:inline-block;width:5.1px"> </div>required. As of<div style="display:inline-block;width:5.02px"> </div>31 December 2022,<div style="display:inline-block;width:5.38px"> </div>the Swiss plan<div style="display:inline-block;width:5.38px"> </div>had a technical<div style="display:inline-block;width:5.04px"> </div>funding ratio in </div><div id="a125079" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:562.4px;">accordance with Swiss pension<div style="display:inline-block;width:5.15px"> </div>law of </div><div id="a125079_37_5" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:223.512px;top:562.4px;">119.0</div><div id="a125079_42_21" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:257.088px;top:562.4px;">% (31 December 2021: </div><div id="a125079_63_5" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:395.278px;top:562.4px;">134.8</div><div id="a125079_68_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:428.405px;top:562.4px;">%). </div><div id="a125092" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:585.1px;">The investment strategy<div style="display:inline-block;width:5.83px"> </div>of the Swiss<div style="display:inline-block;width:5.61px"> </div>plan complies<div style="display:inline-block;width:5.02px"> </div>with Swiss pension<div style="display:inline-block;width:6.31px"> </div>law, including the<div style="display:inline-block;width:5.37px"> </div>rules and<div style="display:inline-block;width:5.23px"> </div>regulations relating </div><div id="a125093" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:600.2px;">to diversification of plan assets, and is<div style="display:inline-block;width:1.92px"> </div>derived from the risk<div style="display:inline-block;width:2.03px"> </div>budget defined by the Pension Foundation Board on the<div style="display:inline-block;width:2.14px"> </div>basis </div><div id="a125107" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:615.8px;">of regularly performed asset and liability management<div style="display:inline-block;width:2.31px"> </div>analyses. The Pension Foundation Board strives for a medium-<div style="display:inline-block;width:2.77px"> </div>and </div><div id="a125113" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:631px;">long-term balance between assets and<div style="display:inline-block;width:5.44px"> </div>liabilities.<div style="display:inline-block;width:3.96px"> </div></div><div id="a125118" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:653.7px;">As of<div style="display:inline-block;width:5.08px"> </div>31 December 202<div style="display:inline-block;width:1.64px"> </div>2,<div style="display:inline-block;width:4.56px"> </div>the Swiss plan<div style="display:inline-block;width:5.86px"> </div>was in<div style="display:inline-block;width:5.63px"> </div>a surplus<div style="display:inline-block;width:5.28px"> </div>situation on<div style="display:inline-block;width:5.85px"> </div>an IFRS<div style="display:inline-block;width:5.4px"> </div>measurement basis,<div style="display:inline-block;width:5.69px"> </div>as the<div style="display:inline-block;width:5.4px"> </div>fair value<div style="display:inline-block;width:5.26px"> </div>of </div><div id="a125124" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:668.8px;">the<div style="display:inline-block;width:5.72px"> </div>plan’s<div style="display:inline-block;width:6.13px"> </div>assets<div style="display:inline-block;width:5.67px"> </div>exceeded<div style="display:inline-block;width:5.77px"> </div>the<div style="display:inline-block;width:5.25px"> </div>defined<div style="display:inline-block;width:6.02px"> </div>benefit<div style="display:inline-block;width:5.2px"> </div>obligation<div style="display:inline-block;width:6.34px"> </div>(DBO)<div style="display:inline-block;width:5.67px"> </div>by<div style="display:inline-block;width:5.71px"> </div>USD </div><div id="a125124_71_5" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:431.725px;top:668.8px;">7,848</div><div id="a125124_76_25" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:465.301px;top:668.8px;">m<div style="display:inline-block;width:5.52px"> </div>(31 December<div style="display:inline-block;width:5.72px"> </div>2021:<div style="display:inline-block;width:6.12px"> </div>USD </div><div id="a125124_101_5" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:634.245px;top:668.8px;">6,577</div><div id="a125124_106_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:667.821px;top:668.8px;">m). </div><div id="a125139" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:684.4px;">However,<div style="display:inline-block;width:5.21px"> </div>a surplus<div style="display:inline-block;width:5.75px"> </div>is only<div style="display:inline-block;width:5.44px"> </div>recognized on<div style="display:inline-block;width:6.1px"> </div>the balance<div style="display:inline-block;width:5.45px"> </div>sheet to<div style="display:inline-block;width:5.45px"> </div>the extent<div style="display:inline-block;width:5.52px"> </div>that it<div style="display:inline-block;width:5.42px"> </div>does not<div style="display:inline-block;width:6.01px"> </div>exceed the<div style="display:inline-block;width:5.63px"> </div>estimated future </div><div id="a125141" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:699.6px;">economic benefit,<div style="display:inline-block;width:5.82px"> </div>which equals<div style="display:inline-block;width:6.33px"> </div>the difference<div style="display:inline-block;width:5.47px"> </div>between<div style="display:inline-block;width:5.08px"> </div>the present<div style="display:inline-block;width:5.27px"> </div>value of<div style="display:inline-block;width:5.72px"> </div>the estimated<div style="display:inline-block;width:5.04px"> </div>future net<div style="display:inline-block;width:6.01px"> </div>service cost<div style="display:inline-block;width:5.06px"> </div>and </div><div id="a125142" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:715.2px;">the present value of the<div style="display:inline-block;width:1.79px"> </div>estimated future employer contributions. As of<div style="display:inline-block;width:1.57px"> </div>both 31 December 2022 and 31 December<div style="display:inline-block;width:2.04px"> </div>2021, </div><div id="a125148" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:730.3px;">the estimated future economic benefit<div style="display:inline-block;width:5.48px"> </div>was zero and<div style="display:inline-block;width:5.11px"> </div>hence no net defined<div style="display:inline-block;width:5.1px"> </div>benefit asset was recognized<div style="display:inline-block;width:5.05px"> </div>on the balance </div><div id="a125149" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:745.4px;">sheet.</div></div><div id="TextBlockContainer766" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:938px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a125192" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:0px;">Changes to the Swiss pension<div style="display:inline-block;width:5.31px"> </div>plan in 2019 </div><div id="a125195" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.9px;">The Pension Foundation<div style="display:inline-block;width:2.19px"> </div>Board and UBS agreed to implement measures that<div style="display:inline-block;width:2.11px"> </div>took effect from the start of 2019 to<div style="display:inline-block;width:2.03px"> </div>support </div><div id="a125196" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:31px;">the long-term financial<div style="display:inline-block;width:1.33px"> </div>stability of the<div style="display:inline-block;width:2.1px"> </div>Swiss pension fund.<div style="display:inline-block;width:1.62px"> </div>The measures, among<div style="display:inline-block;width:1.89px"> </div>other things,<div style="display:inline-block;width:2.12px"> </div>lowered the conversion<div style="display:inline-block;width:1.89px"> </div>rate </div><div id="a125201" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:46.6px;">and increased the<div style="display:inline-block;width:1.37px"> </div>normal retirement<div style="display:inline-block;width:2.27px"> </div>age from<div style="display:inline-block;width:2.18px"> </div>64 to 65.<div style="display:inline-block;width:2.12px"> </div>Pensions already<div style="display:inline-block;width:1.63px"> </div>in payment<div style="display:inline-block;width:1.52px"> </div>on 1 January<div style="display:inline-block;width:1.98px"> </div>2019 were not<div style="display:inline-block;width:1.93px"> </div>affected. </div><div id="a125205" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:69.3px;">To<div style="display:inline-block;width:5.93px"> </div>mitigate<div style="display:inline-block;width:5.68px"> </div>the<div style="display:inline-block;width:5.72px"> </div>effects<div style="display:inline-block;width:5.77px"> </div>for<div style="display:inline-block;width:5.57px"> </div>active<div style="display:inline-block;width:5.96px"> </div>participants,<div style="display:inline-block;width:6.04px"> </div>UBS<div style="display:inline-block;width:6.03px"> </div>committed<div style="display:inline-block;width:6.11px"> </div>to<div style="display:inline-block;width:5.72px"> </div>pay<div style="display:inline-block;width:5.67px"> </div>an<div style="display:inline-block;width:5.88px"> </div>extraordinary<div style="display:inline-block;width:6.19px"> </div>contribution<div style="display:inline-block;width:6.49px"> </div>and<div style="display:inline-block;width:6.08px"> </div>contributed </div><div id="a125207" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:84.5px;">CHF </div><div id="a125207_4_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:32.365px;top:84.5px;">646</div><div id="a125207_7_7" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:55.065px;top:84.5px;">m (USD </div><div id="a125207_14_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:102.392px;top:84.5px;">698</div><div id="a125207_17_73" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:124.618px;top:84.5px;">m) in<div style="display:inline-block;width:5.85px"> </div>three installments<div style="display:inline-block;width:5.17px"> </div>in 2020,<div style="display:inline-block;width:5.85px"> </div>2021<div style="display:inline-block;width:5.07px"> </div>and 2022.<div style="display:inline-block;width:5.68px"> </div>The installments<div style="display:inline-block;width:5.24px"> </div>of USD </div><div id="a125207_90_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:556.658px;top:84.5px;">235</div><div id="a125207_93_7" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:579.358px;top:84.5px;">m, USD </div><div id="a125207_100_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:626.685px;top:84.5px;">254</div><div id="a125207_103_6" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:648.911px;top:84.5px;">m and </div><div id="a125217" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.6px;">USD </div><div id="a125217_4_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:33.312px;top:99.6px;">209</div><div id="a125217_7_105" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:56.011px;top:99.6px;">m paid in 2020, 2021 and 2022 reduced other comprehensive income with no effect on the income statement. </div><div id="a125226" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:122.8px;">The regular employer contributions<div style="display:inline-block;width:5.22px"> </div>to be made to the Swiss plan<div style="display:inline-block;width:5.2px"> </div>in 2023 are estimated at USD </div><div id="a125226_93_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:548.112px;top:122.8px;">480</div><div id="a125226_96_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:570.811px;top:122.8px;">m. </div><div id="a125232" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:145.5px;">UK pension plan</div><div id="a125236" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:98.605px;top:145.2px;"> </div><div id="a125237" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.6px;">The<div style="display:inline-block;width:6.35px"> </div>UK<div style="display:inline-block;width:6.25px"> </div>plan<div style="display:inline-block;width:6.45px"> </div>is<div style="display:inline-block;width:6.09px"> </div>a<div style="display:inline-block;width:5.67px"> </div>career-average<div style="display:inline-block;width:6.62px"> </div>revalued<div style="display:inline-block;width:6.33px"> </div>earnings<div style="display:inline-block;width:6.31px"> </div>scheme,<div style="display:inline-block;width:6.15px"> </div>and<div style="display:inline-block;width:6.55px"> </div>benefits<div style="display:inline-block;width:6.19px"> </div>increase<div style="display:inline-block;width:6.65px"> </div>automatically<div style="display:inline-block;width:5.85px"> </div>based<div style="display:inline-block;width:6.6px"> </div>on<div style="display:inline-block;width:6.55px"> </div>UK<div style="display:inline-block;width:6.25px"> </div>price </div><div id="a125240" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:175.8px;">inflation,<div style="display:inline-block;width:5.32px"> </div>subject<div style="display:inline-block;width:5.2px"> </div>to<div style="display:inline-block;width:5.28px"> </div>defined<div style="display:inline-block;width:5.55px"> </div>caps. The<div style="display:inline-block;width:6.21px"> </div>normal<div style="display:inline-block;width:5.2px"> </div>retirement<div style="display:inline-block;width:5.55px"> </div>age<div style="display:inline-block;width:5.4px"> </div>for<div style="display:inline-block;width:5.1px"> </div>participants in<div style="display:inline-block;width:6.61px"> </div>the<div style="display:inline-block;width:5.25px"> </div>UK<div style="display:inline-block;width:5.31px"> </div>plan<div style="display:inline-block;width:5.03px"> </div>is </div><div id="a125240_97_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:559.965px;top:175.8px;">60</div><div id="a125240_99_20" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:575.098px;top:175.8px;">. The<div style="display:inline-block;width:6.09px"> </div>plan<div style="display:inline-block;width:5.03px"> </div>provides </div><div id="a125247" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:190.9px;">guaranteed lifetime<div style="display:inline-block;width:5.04px"> </div>pension benefits<div style="display:inline-block;width:5.16px"> </div>to participants upon<div style="display:inline-block;width:6.05px"> </div>retirement. The<div style="display:inline-block;width:5.2px"> </div>UK plan has<div style="display:inline-block;width:5.12px"> </div>been closed to<div style="display:inline-block;width:5.54px"> </div>new entrants for </div><div id="a125251" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:206.5px;">more than<div style="display:inline-block;width:5.22px"> </div>20 years and,<div style="display:inline-block;width:6.08px"> </div>since 2013,<div style="display:inline-block;width:5.69px"> </div>participants are no<div style="display:inline-block;width:5.77px"> </div>longer accruing<div style="display:inline-block;width:5.6px"> </div>benefits for<div style="display:inline-block;width:5.24px"> </div>current or<div style="display:inline-block;width:5.34px"> </div>future service.<div style="display:inline-block;width:5.45px"> </div>Instead, </div><div id="a125254" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:221.7px;">employees participate in the UK defined<div style="display:inline-block;width:5.38px"> </div>contribution plan. </div><div id="a125256" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:244.8px;">The<div style="display:inline-block;width:6.82px"> </div>governance<div style="display:inline-block;width:7.11px"> </div>responsibility<div style="display:inline-block;width:6.37px"> </div>for<div style="display:inline-block;width:6.52px"> </div>the<div style="display:inline-block;width:6.67px"> </div>UK<div style="display:inline-block;width:6.72px"> </div>plan<div style="display:inline-block;width:6.92px"> </div>lies<div style="display:inline-block;width:6.46px"> </div>jointly<div style="display:inline-block;width:6.36px"> </div>with<div style="display:inline-block;width:6.67px"> </div>the<div style="display:inline-block;width:6.67px"> </div>Pension<div style="display:inline-block;width:7.17px"> </div>Trustee<div style="display:inline-block;width:6.36px"> </div>Board<div style="display:inline-block;width:7.31px"> </div>and<div style="display:inline-block;width:6.08px"> </div>UBS.<div style="display:inline-block;width:7.08px"> </div>The<div style="display:inline-block;width:6.35px"> </div>employer </div><div id="a125257" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:260px;">contributions to<div style="display:inline-block;width:5.31px"> </div>the pension<div style="display:inline-block;width:5.16px"> </div>fund reflect agreed-upon<div style="display:inline-block;width:5.18px"> </div>deficit funding<div style="display:inline-block;width:5.07px"> </div>contributions, which<div style="display:inline-block;width:5.06px"> </div>are determined on<div style="display:inline-block;width:5.47px"> </div>the basis </div><div id="a125261" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:275.1px;">of the most<div style="display:inline-block;width:5.45px"> </div>recent actuarial valuation<div style="display:inline-block;width:5.82px"> </div>using assumptions<div style="display:inline-block;width:5.46px"> </div>agreed by the<div style="display:inline-block;width:5.48px"> </div>Pension Trustee Board<div style="display:inline-block;width:5.92px"> </div>and UBS. In<div style="display:inline-block;width:5.43px"> </div>the event of </div><div id="a125262" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:290.8px;">underfunding,<div style="display:inline-block;width:5.57px"> </div>UBS and<div style="display:inline-block;width:6.07px"> </div>the Pension<div style="display:inline-block;width:5.53px"> </div>Trustee Board<div style="display:inline-block;width:6.21px"> </div>must agree<div style="display:inline-block;width:5.54px"> </div>on<div style="display:inline-block;width:5.13px"> </div>a deficit recovery<div style="display:inline-block;width:6.32px"> </div>plan<div style="display:inline-block;width:5.03px"> </div>within statutory<div style="display:inline-block;width:5.56px"> </div>deadlines.<div style="display:inline-block;width:5.28px"> </div>In </div><div id="a125264" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:305.9px;">2022,<div style="display:inline-block;width:6.62px"> </div>UBS<div style="display:inline-block;width:6.5px"> </div>made<div style="display:inline-block;width:6.23px"> </div>deficit<div style="display:inline-block;width:6.11px"> </div>funding<div style="display:inline-block;width:6.97px"> </div>contributions<div style="display:inline-block;width:6.54px"> </div>of<div style="display:inline-block;width:6.2px"> </div>USD </div><div id="a125264_52_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:330.925px;top:305.9px;">5</div><div id="a125264_53_55" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:338.491px;top:305.9px;">m<div style="display:inline-block;width:5.99px"> </div>to<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:6.2px"> </div>UK<div style="display:inline-block;width:6.25px"> </div>plan.<div style="display:inline-block;width:6.55px"> </div>In<div style="display:inline-block;width:6.25px"> </div>2021,<div style="display:inline-block;width:6.59px"> </div>UBS<div style="display:inline-block;width:6.5px"> </div>made<div style="display:inline-block;width:6.2px"> </div>no<div style="display:inline-block;width:6.08px"> </div>deficit<div style="display:inline-block;width:6.11px"> </div>funding </div><div id="a125272" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:321px;">contributions. </div><div id="a125274" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:344.2px;">The plan<div style="display:inline-block;width:5.34px"> </div>assets are invested in<div style="display:inline-block;width:5.69px"> </div>a diversified portfolio<div style="display:inline-block;width:5.32px"> </div>of financial assets,<div style="display:inline-block;width:5.29px"> </div>which include<div style="display:inline-block;width:5.23px"> </div>longevity swaps<div style="display:inline-block;width:5.08px"> </div>with an<div style="display:inline-block;width:5.08px"> </div>external </div><div id="a125276" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:359.4px;">insurance company. These swaps<div style="display:inline-block;width:5.37px"> </div>enable the UK pension<div style="display:inline-block;width:5.77px"> </div>plan to hedge the<div style="display:inline-block;width:5.57px"> </div>risk between expected<div style="display:inline-block;width:5.4px"> </div>and actual longevity, </div><div id="a125277" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:374.5px;">which should<div style="display:inline-block;width:5.32px"> </div>mitigate volatility in the<div style="display:inline-block;width:5.21px"> </div>net defined benef<div style="display:inline-block;width:1.53px"> </div>it asset / liability. As<div style="display:inline-block;width:5.78px"> </div>of 31 December 2022,<div style="display:inline-block;width:5.88px"> </div>the longevity swaps </div><div id="a125281" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:390.1px;">had a negative value of USD </div><div id="a125281_28_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:169.565px;top:390.1px;">1</div><div id="a125281_29_34" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:177.132px;top:390.1px;">m (31 December 2021: negative USD </div><div id="a125281_63_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:392.912px;top:390.1px;">3</div><div id="a125281_64_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:400.478px;top:390.1px;">m). </div><div id="a125289" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:412.8px;">In 2019,<div style="display:inline-block;width:5.37px"> </div>UBS and<div style="display:inline-block;width:5.12px"> </div>the Pension Trustee<div style="display:inline-block;width:5.28px"> </div>Board entered<div style="display:inline-block;width:5.39px"> </div>into an<div style="display:inline-block;width:5.18px"> </div>arrangement whereby a<div style="display:inline-block;width:5.32px"> </div>collateral pool<div style="display:inline-block;width:5.19px"> </div>was established<div style="display:inline-block;width:5.33px"> </div>to </div><div id="a125290" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:428px;">provide<div style="display:inline-block;width:7.04px"> </div>security<div style="display:inline-block;width:7px"> </div>for<div style="display:inline-block;width:6.99px"> </div>the<div style="display:inline-block;width:6.67px"> </div>pension<div style="display:inline-block;width:7.37px"> </div>fund.<div style="display:inline-block;width:7.18px"> </div>The<div style="display:inline-block;width:6.82px"> </div>value<div style="display:inline-block;width:6.52px"> </div>of<div style="display:inline-block;width:7.14px"> </div>the<div style="display:inline-block;width:6.67px"> </div>collateral<div style="display:inline-block;width:6.95px"> </div>pool<div style="display:inline-block;width:7.12px"> </div>as<div style="display:inline-block;width:6.67px"> </div>of<div style="display:inline-block;width:7.14px"> </div>31 December<div style="display:inline-block;width:7.23px"> </div>2022<div style="display:inline-block;width:7.43px"> </div>was<div style="display:inline-block;width:6.77px"> </div>USD </div><div id="a125290_103_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:652.218px;top:428px;">292</div><div id="a125290_106_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:674.918px;top:428px;">m </div><div id="a125296" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:443.1px;">(31 December 2021: USD </div><div id="a125296_23_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:153.018px;top:443.1px;">337</div><div id="a125296_26_89" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:175.245px;top:443.1px;">m) and includes<div style="display:inline-block;width:2.23px"> </div>corporate bonds, government-related debt instruments and other<div style="display:inline-block;width:2.22px"> </div>financial </div><div id="a125303" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:458.7px;">assets. The<div style="display:inline-block;width:5.13px"> </div>arrangement provides<div style="display:inline-block;width:5.73px"> </div>the Pension<div style="display:inline-block;width:6.07px"> </div>Trustee Board<div style="display:inline-block;width:5.27px"> </div>dedicated access<div style="display:inline-block;width:5.62px"> </div>to a pool<div style="display:inline-block;width:6.43px"> </div>of assets in<div style="display:inline-block;width:5.55px"> </div>the event<div style="display:inline-block;width:5.2px"> </div>of UBS’s </div><div id="a125305" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:473.8px;">insolvency or not paying a required<div style="display:inline-block;width:5.42px"> </div>deficit funding contribution. </div><div id="a125307" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:497px;">The employer<div style="display:inline-block;width:5.77px"> </div>contributions<div style="display:inline-block;width:5.12px"> </div>to be<div style="display:inline-block;width:6.03px"> </div>made to<div style="display:inline-block;width:5.4px"> </div>the UK<div style="display:inline-block;width:5.46px"> </div>defined<div style="display:inline-block;width:5.08px"> </div>benefit plan<div style="display:inline-block;width:6.07px"> </div>in 2023<div style="display:inline-block;width:5.27px"> </div>are estimated<div style="display:inline-block;width:5.08px"> </div>at USD </div><div id="a125307_98_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:594.965px;top:497px;">18</div><div id="a125307_100_14" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:610.098px;top:497px;">m, subject<div style="display:inline-block;width:5.79px"> </div>to </div><div id="a125313" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:512.2px;">regular funding reviews during<div style="display:inline-block;width:5.57px"> </div>the year. </div><div id="a125315" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:534.9px;">US pension plans</div><div id="a125316" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:101.912px;top:534.6px;"> </div><div id="a125317" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:550px;">There are two distinct<div style="display:inline-block;width:1.52px"> </div>major defined<div style="display:inline-block;width:1.66px"> </div>benefit plans<div style="display:inline-block;width:2.34px"> </div>in the<div style="display:inline-block;width:2.14px"> </div>US, with a<div style="display:inline-block;width:1.93px"> </div>normal retirement<div style="display:inline-block;width:1.8px"> </div>age of </div><div id="a125317_94_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:521.317px;top:550px;">65</div><div id="a125317_96_28" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:535.977px;top:550px;">. Both plans<div style="display:inline-block;width:2.06px"> </div>were closed<div style="display:inline-block;width:2.33px"> </div>to </div><div id="a125318" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:565.1px;">new entrants more than<div style="display:inline-block;width:1.94px"> </div>20 years ago. Since<div style="display:inline-block;width:2.23px"> </div>they closed,<div style="display:inline-block;width:2.09px"> </div>new employees have<div style="display:inline-block;width:2.18px"> </div>participated in<div style="display:inline-block;width:2.3px"> </div>a defined contribution<div style="display:inline-block;width:1.37px"> </div>plan. </div><div id="a125321" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:588.3px;">One of the defined benefit plans is a contribution<div style="display:inline-block;width:1.69px"> </div>-based plan in which each participant accrues a percentage of salary in </div><div id="a125324" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:603.5px;">a retirement<div style="display:inline-block;width:5.59px"> </div>savings<div style="display:inline-block;width:5.4px"> </div>account. The<div style="display:inline-block;width:6.14px"> </div>retirement savings<div style="display:inline-block;width:6.26px"> </div>account is<div style="display:inline-block;width:5.77px"> </div>credited annually<div style="display:inline-block;width:6.25px"> </div>with<div style="display:inline-block;width:5.25px"> </div>interest based<div style="display:inline-block;width:6.16px"> </div>on<div style="display:inline-block;width:5.13px"> </div>a rate<div style="display:inline-block;width:5.47px"> </div>that is </div><div id="a125326" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:618.6px;">linked to<div style="display:inline-block;width:6.02px"> </div>the average<div style="display:inline-block;width:5.68px"> </div>yield on<div style="display:inline-block;width:5.5px"> </div>one-year US<div style="display:inline-block;width:5.96px"> </div>government bonds.<div style="display:inline-block;width:6.18px"> </div>For the<div style="display:inline-block;width:5.2px"> </div>other defined<div style="display:inline-block;width:5.75px"> </div>benefit plan,<div style="display:inline-block;width:5.7px"> </div>retirement benefits </div><div id="a125329" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:634.2px;">accrue based on the<div style="display:inline-block;width:5.12px"> </div>career-average earnings of each individual plan participant.<div style="display:inline-block;width:5.88px"> </div>Former employees with<div style="display:inline-block;width:5.22px"> </div>vested benefits </div><div id="a125333" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:649.4px;">have the option of taking<div style="display:inline-block;width:5.1px"> </div>a lump sum payment or a lifetime annuity. </div><div id="a125342" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:672.1px;">As required<div style="display:inline-block;width:5.24px"> </div>under applicable pension<div style="display:inline-block;width:6.24px"> </div>laws, both plans<div style="display:inline-block;width:5.42px"> </div>have fiduciaries who,<div style="display:inline-block;width:5.66px"> </div>together with<div style="display:inline-block;width:5.03px"> </div>UBS, are<div style="display:inline-block;width:5.38px"> </div>responsible for<div style="display:inline-block;width:5.04px"> </div>the </div><div id="a125343" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:687.2px;">governance of the plans. </div><div id="a125345" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:710.4px;">The plan assets<div style="display:inline-block;width:1.71px"> </div>of<div style="display:inline-block;width:2.89px"> </div>both plans are invested<div style="display:inline-block;width:2.14px"> </div>in diversified portfolios<div style="display:inline-block;width:2.18px"> </div>of financial assets. Each<div style="display:inline-block;width:2.09px"> </div>plan’s fiduciaries are responsible </div><div id="a125353" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:725.5px;">for the investment decisions with<div style="display:inline-block;width:5.12px"> </div>respect to the plan assets.<div style="display:inline-block;width:4.89px"> </div></div><div id="a125355" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:748.2px;">The employer contributions to<div style="display:inline-block;width:5.1px"> </div>be made to the US defined<div style="display:inline-block;width:5.15px"> </div>benefit plans in 2023<div style="display:inline-block;width:5.05px"> </div>are estimated at USD </div><div id="a125355_99_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:585.032px;top:748.2px;">11</div><div id="a125355_101_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:600.165px;top:748.2px;">m. </div><div id="a125367" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:770.9px;">German pension plans </div><div id="a125369" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:786.1px;">There are two unfunded defined benefit plans in Germany. The normal retirement age is </div><div id="a125369_86_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:505.016px;top:786.1px;">65</div><div id="a125369_88_32" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:520.149px;top:786.1px;"><div style="display:inline-block;width:3.31px"> </div>and benefits are paid directly </div><div id="a125375" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:801.2px;">by UBS.<div style="display:inline-block;width:5.33px"> </div>In the larger<div style="display:inline-block;width:5.82px"> </div>of the<div style="display:inline-block;width:5.4px"> </div>two plans<div style="display:inline-block;width:5.34px"> </div>each participant<div style="display:inline-block;width:5.52px"> </div>accrues a percentage<div style="display:inline-block;width:6.39px"> </div>of salary<div style="display:inline-block;width:5.42px"> </div>in a<div style="display:inline-block;width:5.68px"> </div>retirement savings<div style="display:inline-block;width:6.26px"> </div>account. </div><div id="a125382" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:816.8px;">The accumulated account balance<div style="display:inline-block;width:5.18px"> </div>of the participant<div style="display:inline-block;width:5.24px"> </div>is credited on an<div style="display:inline-block;width:5.15px"> </div>annual basis with<div style="display:inline-block;width:5.21px"> </div>guaranteed interest at<div style="display:inline-block;width:5.21px"> </div>a rate of </div><div id="a125383" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:832px;">5</div><div id="a125383_1_119" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:12.472px;top:832px;">%. The plan has<div style="display:inline-block;width:2.15px"> </div>been closed to new entrants,<div style="display:inline-block;width:2.02px"> </div>and all participants younger than the<div style="display:inline-block;width:1.86px"> </div>age of 55 as of<div style="display:inline-block;width:2.15px"> </div>June 2021 no<div style="display:inline-block;width:2.22px"> </div>longer </div><div id="a125398" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:847.6px;">accrue<div style="display:inline-block;width:6.27px"> </div>benefits.<div style="display:inline-block;width:6.77px"> </div>In<div style="display:inline-block;width:6.25px"> </div>the<div style="display:inline-block;width:6.2px"> </div>other<div style="display:inline-block;width:6.25px"> </div>plan,<div style="display:inline-block;width:6.68px"> </div>amounts<div style="display:inline-block;width:6.97px"> </div>are<div style="display:inline-block;width:6.23px"> </div>accrued<div style="display:inline-block;width:6.94px"> </div>annually<div style="display:inline-block;width:6.34px"> </div>based<div style="display:inline-block;width:6.6px"> </div>on<div style="display:inline-block;width:6.55px"> </div>employee<div style="display:inline-block;width:6.57px"> </div>elections<div style="display:inline-block;width:6.98px"> </div>related<div style="display:inline-block;width:6.65px"> </div>to<div style="display:inline-block;width:6.2px"> </div>variable </div><div id="a125402" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:862.7px;">compensation. For this plan, the<div style="display:inline-block;width:5.04px"> </div>accumulated account balance is credited<div style="display:inline-block;width:5.06px"> </div>on an annual basis with a guaranteed<div style="display:inline-block;width:5.32px"> </div>interest </div><div id="a125403" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:877.9px;">rate of </div><div id="a125403_8_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:45.575px;top:877.9px;">6</div><div id="a125403_9_38" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:53.141px;top:877.9px;">% for amounts accrued before 2010, of </div><div id="a125403_47_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:283.478px;top:877.9px;">4</div><div id="a125403_48_47" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:291.045px;top:877.9px;">% for amounts accrued from 2010 to 2017 and of </div><div id="a125403_95_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:580.936px;top:877.9px;">0.9</div><div id="a125403_98_14" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:599.852px;top:877.9px;">% for amounts </div><div id="a125405" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:893.5px;">accrued after<div style="display:inline-block;width:5.17px"> </div>2017.<div style="display:inline-block;width:5.17px"> </div>Both plans<div style="display:inline-block;width:5.64px"> </div>are subject to<div style="display:inline-block;width:5.54px"> </div>German pension<div style="display:inline-block;width:6.04px"> </div>law,<div style="display:inline-block;width:5.09px"> </div>whereby the<div style="display:inline-block;width:5.75px"> </div>responsibility to<div style="display:inline-block;width:5.58px"> </div>pay pension<div style="display:inline-block;width:5.59px"> </div>benefits </div><div id="a125408" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:908.6px;">when they<div style="display:inline-block;width:5.19px"> </div>are due<div style="display:inline-block;width:5.8px"> </div>resides entirely<div style="display:inline-block;width:5.78px"> </div>with UBS.<div style="display:inline-block;width:5.94px"> </div>A portion<div style="display:inline-block;width:5.38px"> </div>of the pension<div style="display:inline-block;width:6.26px"> </div>payments is<div style="display:inline-block;width:5.67px"> </div>directly increased<div style="display:inline-block;width:6.01px"> </div>in line with<div style="display:inline-block;width:6.02px"> </div>price </div><div id="a125410" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:924.2px;">inflation.</div></div><div id="TextBlockContainer768" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:136px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a125454" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">In<div style="display:inline-block;width:6.25px"> </div>June<div style="display:inline-block;width:6.4px"> </div>2021,<div style="display:inline-block;width:6.59px"> </div>UBS<div style="display:inline-block;width:6.5px"> </div>implemented<div style="display:inline-block;width:6.09px"> </div>a<div style="display:inline-block;width:6.15px"> </div>new<div style="display:inline-block;width:6.45px"> </div>funded<div style="display:inline-block;width:6.8px"> </div>pension<div style="display:inline-block;width:6.43px"> </div>plan<div style="display:inline-block;width:6.45px"> </div>with<div style="display:inline-block;width:6.2px"> </div>interest<div style="display:inline-block;width:6.07px"> </div>credited<div style="display:inline-block;width:6.65px"> </div>to<div style="display:inline-block;width:6.2px"> </div>participants<div style="display:inline-block;width:5.93px"> </div>equal<div style="display:inline-block;width:6.45px"> </div>to<div style="display:inline-block;width:6.2px"> </div>actual </div><div id="a125456" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">investment returns<div style="display:inline-block;width:6.41px"> </div>with a<div style="display:inline-block;width:5.36px"> </div>guaranteed<div style="display:inline-block;width:5.23px"> </div>minimum of </div><div id="a125456_48_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:301.89px;top:15.6px;">0</div><div id="a125456_49_64" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:309.456px;top:15.6px;">%. The<div style="display:inline-block;width:5.61px"> </div>plan<div style="display:inline-block;width:5.03px"> </div>was implemented<div style="display:inline-block;width:5.4px"> </div>retrospectively for<div style="display:inline-block;width:5.65px"> </div>new<div style="display:inline-block;width:5.04px"> </div>hires since </div><div id="a125457" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">June 2018 and for all eligible<div style="display:inline-block;width:5.06px"> </div>active participants younger<div style="display:inline-block;width:5.06px"> </div>than 55 from July 2021.<div style="display:inline-block;width:5.49px"> </div>Each participant accrues a percentage </div><div id="a125461" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.4px;">of salary in a retirement savings<div style="display:inline-block;width:5.06px"> </div>account. </div><div id="a125465" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:69.1px;">The employer contributions to<div style="display:inline-block;width:5.1px"> </div>be made to the German defined benefit<div style="display:inline-block;width:5.04px"> </div>plans in 2023 are estimated<div style="display:inline-block;width:5.32px"> </div>at USD </div><div id="a125465_103_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:615.805px;top:69.1px;">12</div><div id="a125465_105_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:630.938px;top:69.1px;">m. </div><div id="a125487" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:91.8px;">Financial information by plan </div><div id="a125489" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:106.9px;">The tables<div style="display:inline-block;width:6.01px"> </div>below<div style="display:inline-block;width:5.16px"> </div>provide<div style="display:inline-block;width:5.12px"> </div>an analysis<div style="display:inline-block;width:6.34px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the movement<div style="display:inline-block;width:6.52px"> </div>in the<div style="display:inline-block;width:5.93px"> </div>net<div style="display:inline-block;width:5.25px"> </div>asset /<div style="display:inline-block;width:6.3px"> </div>liability recognized<div style="display:inline-block;width:7.17px"> </div>on<div style="display:inline-block;width:5.13px"> </div>the balance<div style="display:inline-block;width:5.93px"> </div>sheet<div style="display:inline-block;width:5.3px"> </div>for </div><div id="a125494" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:122.1px;">defined benefit plans, as well as<div style="display:inline-block;width:5.09px"> </div>an analysis of amounts recognized<div style="display:inline-block;width:5.2px"> </div>in net profit and in </div><div id="a125497" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:500.352px;top:121.8px;">Other comprehensive incom</div><div id="a125498" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:659.818px;top:122.1px;">e.</div></div><div id="TextBlockContainer772" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:687px;height:662px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_770_XBRL_TS_0ad7ba5abc6f4ce78321fab5fa1ef7a8" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer771" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:687px;height:662px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a125501" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Defined benefit plans </div><div id="a125515" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:25.2px;">USD m </div><div id="a125518" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:329.702px;top:25.2px;">Swiss pension plan </div><div id="a125521" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:424.822px;top:25.2px;">UK pension plan </div><div id="a125524" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.568px;top:13.4px;">US and German </div><div id="a125525" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.875px;top:25.2px;">pension plans </div><div id="a125529" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:629.235px;top:25.2px;">Total </div><div id="a125533" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:343.915px;top:38.5px;">2022 </div><div id="a125535" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:38.5px;">2021 </div><div id="a125538" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.275px;top:38.5px;">2022 </div><div id="a125540" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.395px;top:38.5px;">2021 </div><div id="a125543" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.142px;top:38.5px;">2022 </div><div id="a125545" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.208px;top:38.5px;">2021 </div><div id="a125548" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:617.422px;top:38.5px;">2022 </div><div id="a125550" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:38.5px;">2021 </div><div id="a125552" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:52.2px;">Defined benefit obligation at the beginning of the year </div><div id="a125555_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:336.822px;top:52.2px;">27,398</div><div id="a125558_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.502px;top:52.2px;">27,728</div><div id="a125562_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:431.915px;top:52.2px;">4,105</div><div id="a125565_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.035px;top:52.2px;">4,162</div><div id="a125569_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:522.768px;top:52.2px;">1,740</div><div id="a125572_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:565.835px;top:52.2px;">1,905</div><div id="a125576_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.328px;top:52.2px;">33,242</div><div id="a125579_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:52.2px;">33,795</div><div id="a125582" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:66.9px;">Current service cost </div><div id="a125585_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.648px;top:66.9px;">416</div><div id="a125588_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:66.9px;">494</div><div id="a125592_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:66.9px;">0</div><div id="a125595_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:66.9px;">0</div><div id="a125599_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:66.9px;">5</div><div id="a125602_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:66.9px;">6</div><div id="a125606_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.142px;top:66.9px;">420</div><div id="a125609_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:66.9px;">500</div><div id="a125612" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:81.5px;">Interest expense </div><div id="a125615_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.648px;top:81.5px;">344</div><div id="a125618_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.555px;top:81.5px;">58</div><div id="a125622_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:444.235px;top:81.5px;">67</div><div id="a125625_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:486.328px;top:81.5px;">58</div><div id="a125629_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.075px;top:81.5px;">35</div><div id="a125632_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.128px;top:81.5px;">30</div><div id="a125636_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.142px;top:81.5px;">446</div><div id="a125639_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:81.5px;">147</div><div id="a125642" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:96.2px;">Plan participant contributions </div><div id="a125645_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.648px;top:96.2px;">257</div><div id="a125648_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:96.2px;">266</div><div id="a125652_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:96.2px;">0</div><div id="a125655_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:96.2px;">0</div><div id="a125659_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:96.2px;">0</div><div id="a125662_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:96.2px;">0</div><div id="a125666_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.142px;top:96.2px;">257</div><div id="a125669_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:96.2px;">266</div><div id="a125672" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:110.9px;">Remeasurements </div><div id="a125675_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:336.822px;top:110.9px;display:flex;">(4,151)</div><div id="a125678_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:110.9px;">837</div><div id="a125682_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:427.182px;top:110.9px;display:flex;">(1,474)</div><div id="a125685_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:486.328px;top:110.9px;">71</div><div id="a125689_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.142px;top:110.9px;display:flex;">(267)</div><div id="a125692_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.928px;top:110.9px;display:flex;">(62)</div><div id="a125696_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.328px;top:110.9px;display:flex;">(5,891)</div><div id="a125699_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:110.9px;">846</div><div id="a125702" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:125.5px;">of which: actuarial (gains) / losses due to changes in demographic<div style="display:inline-block;width:4.1px"> </div>assumptions </div><div id="a125705_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:358.582px;top:126px;">3</div><div id="a125708_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:394.555px;top:126px;">51</div><div id="a125712_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:444.235px;top:126px;display:flex;">(6)</div><div id="a125715_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:486.328px;top:126px;">14</div><div id="a125719_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:539.795px;top:126px;">1</div><div id="a125722_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:582.862px;top:126px;">4</div><div id="a125726_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:627.355px;top:126px;display:flex;">(2)</div><div id="a125729_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.408px;top:126px;">69</div><div id="a125732" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:140.2px;">of which: actuarial (gains) / losses due to changes in financial<div style="display:inline-block;width:3.94px"> </div>assumptions </div><div id="a125735_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:336.822px;top:140.7px;display:flex;">(4,666)</div><div id="a125738_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:384.595px;top:140.7px;display:flex;">(678)</div><div id="a125742_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:427.182px;top:140.7px;display:flex;">(1,575)</div><div id="a125745_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:140.7px;display:flex;">(3)</div><div id="a125749_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:525.142px;top:140.7px;display:flex;">(279)</div><div id="a125752_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:572.928px;top:140.7px;display:flex;">(78)</div><div id="a125756_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:610.328px;top:140.7px;display:flex;">(6,520)</div><div id="a125759_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:660.488px;top:140.7px;display:flex;">(759)</div><div id="a125762" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:154.9px;">of which: experience (gains) / losses</div><div id="a125763" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:142.808px;top:155.5px;">1</div><div id="a125766_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:348.648px;top:154.9px;">512</div><div id="a125769_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.222px;top:154.9px;">1,464</div><div id="a125773_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:439.008px;top:154.9px;">107</div><div id="a125776_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:486.328px;top:154.9px;">59</div><div id="a125780_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:535.075px;top:154.9px;">11</div><div id="a125783_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.128px;top:154.9px;">12</div><div id="a125787_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:622.142px;top:154.9px;">631</div><div id="a125790_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:658.115px;top:154.9px;">1,535</div><div id="a125793" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:169.1px;">Past service cost related to plan amendments </div><div id="a125796_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:358.582px;top:169.1px;">0</div><div id="a125799_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:399.275px;top:169.1px;">0</div><div id="a125803_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:169.1px;">0</div><div id="a125806_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:169.1px;">0</div><div id="a125810_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:169.1px;">0</div><div id="a125813_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:169.1px;">4</div><div id="a125817_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:632.075px;top:169.1px;">0</div><div id="a125820_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.142px;top:169.1px;">4</div><div id="a125823" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:183.7px;">Curtailments </div><div id="a125826_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:349.128px;top:183.7px;display:flex;">(20)</div><div id="a125829_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:183.7px;display:flex;">(80)</div><div id="a125833_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:183.7px;">0</div><div id="a125836_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:183.7px;">0</div><div id="a125840_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:183.7px;">0</div><div id="a125843_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:183.7px;">0</div><div id="a125847_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.622px;top:183.7px;display:flex;">(20)</div><div id="a125850_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:183.7px;display:flex;">(80)</div><div id="a125853" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:198.4px;">Benefit payments </div><div id="a125856_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:336.822px;top:198.4px;display:flex;">(1,454)</div><div id="a125859_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.022px;top:198.4px;display:flex;">(1,097)</div><div id="a125863_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.275px;top:198.4px;display:flex;">(123)</div><div id="a125866_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.395px;top:198.4px;display:flex;">(148)</div><div id="a125870_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.142px;top:198.4px;display:flex;">(111)</div><div id="a125873_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.208px;top:198.4px;display:flex;">(112)</div><div id="a125877_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.328px;top:198.4px;display:flex;">(1,687)</div><div id="a125880_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.915px;top:198.4px;display:flex;">(1,357)</div><div id="a125883" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:213.1px;">Other movements </div><div id="a125886_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:353.848px;top:213.1px;display:flex;">(5)</div><div id="a125889_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:399.275px;top:213.1px;">0</div><div id="a125893_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:213.1px;">0</div><div id="a125896_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:213.1px;">0</div><div id="a125900_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:213.1px;">0</div><div id="a125903_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:213.1px;">1</div><div id="a125907_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:627.355px;top:213.1px;display:flex;">(5)</div><div id="a125910_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.142px;top:213.1px;">1</div><div id="a125913" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:227.7px;">Foreign currency translation </div><div id="a125916_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:343.915px;top:227.7px;display:flex;">(513)</div><div id="a125919_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:227.7px;display:flex;">(809)</div><div id="a125923_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.275px;top:227.7px;display:flex;">(408)</div><div id="a125926_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.128px;top:227.7px;display:flex;">(38)</div><div id="a125930_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:530.342px;top:227.7px;display:flex;">(28)</div><div id="a125933_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.928px;top:227.7px;display:flex;">(33)</div><div id="a125937_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:617.422px;top:227.7px;display:flex;">(949)</div><div id="a125940_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:227.7px;display:flex;">(880)</div><div id="a125943" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:241.4px;">Defined benefit obligation at the<div style="display:inline-block;width:3.8px"> </div>end of the year </div><div id="a125946_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:336.822px;top:241.4px;">22,272</div><div id="a125949_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.502px;top:241.4px;">27,398</div><div id="a125953_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:431.915px;top:241.4px;">2,166</div><div id="a125956_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.035px;top:241.4px;">4,105</div><div id="a125960_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:522.768px;top:241.4px;">1,375</div><div id="a125963_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:565.835px;top:241.4px;">1,740</div><div id="a125967_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.328px;top:241.4px;">25,813</div><div id="a125970_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:241.4px;">33,242</div><div id="a125973" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:256.1px;">of which: amounts owed to active members </div><div id="a125976_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:336.822px;top:256.1px;">11,927</div><div id="a125979_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:377.502px;top:256.1px;">14,333</div><div id="a125983_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:444.235px;top:256.1px;">65</div><div id="a125986_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:481.128px;top:256.1px;">150</div><div id="a125990_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:529.862px;top:256.1px;">169</div><div id="a125993_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:572.928px;top:256.1px;">222</div><div id="a125997_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:610.328px;top:256.1px;">12,160</div><div id="a126000_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:653.395px;top:256.1px;">14,705</div><div id="a126003" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:270.8px;">of which: amounts owed to deferred members </div><div id="a126006_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:358.582px;top:270.8px;">0</div><div id="a126009_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.275px;top:270.8px;">0</div><div id="a126013_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:439.008px;top:270.8px;">656</div><div id="a126016_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:474.035px;top:270.8px;">1,593</div><div id="a126020_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:529.862px;top:270.8px;">528</div><div id="a126023_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:572.928px;top:270.8px;">669</div><div id="a126027_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:615.048px;top:270.8px;">1,184</div><div id="a126030_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:658.115px;top:270.8px;">2,262</div><div id="a126033" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:285.5px;">of which: amounts owed to retirees </div><div id="a126036_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:336.822px;top:285.5px;">10,345</div><div id="a126039_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:377.502px;top:285.5px;">13,065</div><div id="a126043_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:431.915px;top:285.5px;">1,445</div><div id="a126046_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:474.035px;top:285.5px;">2,362</div><div id="a126050_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:529.862px;top:285.5px;">678</div><div id="a126053_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:572.928px;top:285.5px;">849</div><div id="a126057_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:610.328px;top:285.5px;">12,469</div><div id="a126060_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:653.395px;top:285.5px;">16,276</div><div id="a126063" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:299.2px;">of which: funded plans </div><div id="a126066_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:336.822px;top:299.2px;">22,272</div><div id="a126069_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:377.502px;top:299.2px;">27,398</div><div id="a126073_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:431.915px;top:299.2px;">2,166</div><div id="a126076_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:474.035px;top:299.2px;">4,105</div><div id="a126080_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:522.768px;top:299.2px;">1,011</div><div id="a126083_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:565.835px;top:299.2px;">1,222</div><div id="a126087_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:610.328px;top:299.2px;">25,449</div><div id="a126090_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:653.395px;top:299.2px;">32,724</div><div id="a126093" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:313.8px;">of which: unfunded plans </div><div id="a126096_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:358.582px;top:313.8px;">0</div><div id="a126099_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.275px;top:313.8px;">0</div><div id="a126103_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:448.968px;top:313.8px;">0</div><div id="a126106_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:491.062px;top:313.8px;">0</div><div id="a126110_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:529.862px;top:313.8px;">363</div><div id="a126113_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:572.928px;top:313.8px;">518</div><div id="a126117_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:622.142px;top:313.8px;">363</div><div id="a126120_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:665.208px;top:313.8px;">518</div><div id="a126123" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:328.5px;">Fair value of plan assets at the beginning<div style="display:inline-block;width:4.12px"> </div>of the year </div><div id="a126126_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:336.822px;top:328.5px;">33,975</div><div id="a126129_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.502px;top:328.5px;">32,590</div><div id="a126133_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:431.915px;top:328.5px;">4,297</div><div id="a126136_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.035px;top:328.5px;">4,149</div><div id="a126140_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:522.768px;top:328.5px;">1,329</div><div id="a126143_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:565.835px;top:328.5px;">1,360</div><div id="a126147_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.328px;top:328.5px;">39,601</div><div id="a126150_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:328.5px;">38,100</div><div id="a126153" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:343.2px;">Return on plan assets excluding interest income </div><div id="a126156_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:336.822px;top:343.2px;display:flex;">(3,248)</div><div id="a126159_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:382.222px;top:343.2px;">2,322</div><div id="a126163_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:427.182px;top:343.2px;display:flex;">(1,312)</div><div id="a126166_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.128px;top:343.2px;">277</div><div id="a126170_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.142px;top:343.2px;display:flex;">(223)</div><div id="a126173_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.128px;top:343.2px;">40</div><div id="a126177_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.328px;top:343.2px;display:flex;">(4,782)</div><div id="a126180_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:343.2px;">2,639</div><div id="a126183" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:357.8px;">Interest income </div><div id="a126186_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.648px;top:357.8px;">485</div><div id="a126189_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.555px;top:357.8px;">74</div><div id="a126193_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:444.235px;top:357.8px;">70</div><div id="a126196_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:486.328px;top:357.8px;">58</div><div id="a126200_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.075px;top:357.8px;">31</div><div id="a126203_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.128px;top:357.8px;">26</div><div id="a126207_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.142px;top:357.8px;">586</div><div id="a126210_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:357.8px;">159</div><div id="a126213" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:372.5px;">Employer contributions<div style="display:inline-block;width:3.08px"> </div></div><div id="a126216_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.648px;top:372.5px;">685</div><div id="a126219_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:372.5px;">763</div><div id="a126223_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:372.5px;">5</div><div id="a126226_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:372.5px;">0</div><div id="a126230_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.075px;top:372.5px;">16</div><div id="a126233_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.128px;top:372.5px;">16</div><div id="a126237_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.142px;top:372.5px;">706</div><div id="a126240_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:372.5px;">779</div><div id="a126243" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:387.2px;">Plan participant contributions </div><div id="a126246_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.648px;top:387.2px;">257</div><div id="a126249_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:387.2px;">266</div><div id="a126253_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:387.2px;">0</div><div id="a126256_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:387.2px;">0</div><div id="a126260_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:387.2px;">0</div><div id="a126263_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:387.2px;">0</div><div id="a126267_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.142px;top:387.2px;">257</div><div id="a126270_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:387.2px;">266</div><div id="a126273" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:401.8px;">Benefit payments </div><div id="a126276_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:336.822px;top:401.8px;display:flex;">(1,454)</div><div id="a126279_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.022px;top:401.8px;display:flex;">(1,097)</div><div id="a126283_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.275px;top:401.8px;display:flex;">(123)</div><div id="a126286_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.395px;top:401.8px;display:flex;">(148)</div><div id="a126290_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.142px;top:401.8px;display:flex;">(111)</div><div id="a126293_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.208px;top:401.8px;display:flex;">(112)</div><div id="a126297_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.328px;top:401.8px;display:flex;">(1,687)</div><div id="a126300_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.915px;top:401.8px;display:flex;">(1,357)</div><div id="a126303" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:416px;">Administration expenses, taxes and premiums paid </div><div id="a126306_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:349.128px;top:416px;display:flex;">(12)</div><div id="a126309_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:416px;display:flex;">(13)</div><div id="a126313_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:416px;">0</div><div id="a126316_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:416px;">0</div><div id="a126320_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.075px;top:416px;display:flex;">(3)</div><div id="a126323_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.662px;top:416px;display:flex;">(4)</div><div id="a126327_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.622px;top:416px;display:flex;">(16)</div><div id="a126330_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:416px;display:flex;">(17)</div><div id="a126333" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:430.7px;">Other movements </div><div id="a126336_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:353.848px;top:430.7px;display:flex;">(2)</div><div id="a126339_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:399.275px;top:430.7px;">0</div><div id="a126343_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:430.7px;">0</div><div id="a126346_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:430.7px;">0</div><div id="a126350_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:430.7px;">0</div><div id="a126353_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:430.7px;">1</div><div id="a126357_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:627.355px;top:430.7px;display:flex;">(2)</div><div id="a126360_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.142px;top:430.7px;">1</div><div id="a126363" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:445.4px;">Foreign currency translation </div><div id="a126366_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:343.915px;top:445.4px;display:flex;">(567)</div><div id="a126369_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:445.4px;display:flex;">(930)</div><div id="a126373_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.275px;top:445.4px;display:flex;">(450)</div><div id="a126376_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.128px;top:445.4px;display:flex;">(39)</div><div id="a126380_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:445.4px;">0</div><div id="a126383_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:445.4px;">0</div><div id="a126387_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.328px;top:445.4px;display:flex;">(1,017)</div><div id="a126390_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:445.4px;display:flex;">(969)</div><div id="a126393" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:459.5px;">Fair value of plan assets<div style="display:inline-block;width:3.86px"> </div>at the end of the year </div><div id="a126396_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:336.822px;top:459.5px;">30,119</div><div id="a126399_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.502px;top:459.5px;">33,975</div><div id="a126403_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:431.915px;top:459.5px;">2,488</div><div id="a126406_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.035px;top:459.5px;">4,297</div><div id="a126410_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:522.768px;top:459.5px;">1,039</div><div id="a126413_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:565.835px;top:459.5px;">1,329</div><div id="a126417_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.328px;top:459.5px;">33,646</div><div id="a126420_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:459.5px;">39,601</div><div id="a126423" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:473.7px;">Surplus / (deficit) </div><div id="a126426_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.555px;top:473.7px;">7,848</div><div id="a126429_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:382.222px;top:473.7px;">6,577</div><div id="a126433_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:439.008px;top:473.7px;">321</div><div id="a126436_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.128px;top:473.7px;">192</div><div id="a126440_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.142px;top:473.7px;display:flex;">(335)</div><div id="a126443_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.208px;top:473.7px;display:flex;">(411)</div><div id="a126447_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:615.048px;top:473.7px;">7,834</div><div id="a126450_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:473.7px;">6,358</div><div id="a126453" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:488.4px;">Asset ceiling effect at the beginning of the year </div><div id="a126456_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.555px;top:488.4px;">6,577</div><div id="a126459_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:382.222px;top:488.4px;">4,862</div><div id="a126463_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:488.4px;">0</div><div id="a126466_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:488.4px;">0</div><div id="a126470_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:488.4px;">0</div><div id="a126473_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:488.4px;">0</div><div id="a126477_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:615.048px;top:488.4px;">6,577</div><div id="a126480_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:488.4px;">4,862</div><div id="a126483" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:503.1px;">Interest expense on asset ceiling effect </div><div id="a126486_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.648px;top:503.1px;">135</div><div id="a126489_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.555px;top:503.1px;">15</div><div id="a126493_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:503.1px;">0</div><div id="a126496_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:503.1px;">0</div><div id="a126500_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:503.1px;">0</div><div id="a126503_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:503.1px;">0</div><div id="a126507_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.142px;top:503.1px;">135</div><div id="a126510_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.408px;top:503.1px;">15</div><div id="a126513" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:516.8px;">Asset ceiling effect excluding interest expense and foreign<div style="display:inline-block;width:3.76px"> </div>currency translation on </div><div id="a126514" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:528.6px;">asset ceiling effect </div><div id="a126517_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.555px;top:528.6px;">1,189</div><div id="a126520_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:382.222px;top:528.6px;">1,821</div><div id="a126524_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:528.6px;">0</div><div id="a126527_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:528.6px;">0</div><div id="a126531_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:528.6px;">0</div><div id="a126534_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:528.6px;">0</div><div id="a126538_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:615.048px;top:528.6px;">1,189</div><div id="a126541_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:528.6px;">1,821</div><div id="a126544" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:542.3px;">Foreign currency translation </div><div id="a126547_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:349.128px;top:542.3px;display:flex;">(54)</div><div id="a126550_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:542.3px;display:flex;">(121)</div><div id="a126554_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:542.3px;">0</div><div id="a126557_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:542.3px;">0</div><div id="a126561_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:542.3px;">0</div><div id="a126564_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:542.3px;">0</div><div id="a126568_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.622px;top:542.3px;display:flex;">(54)</div><div id="a126571_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:542.3px;display:flex;">(121)</div><div id="a126574" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:556.5px;">Asset ceiling effect at the end of the year </div><div id="a126577_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.555px;top:556.5px;">7,848</div><div id="a126580_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:382.222px;top:556.5px;">6,577</div><div id="a126584_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:556.5px;">0</div><div id="a126587_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:556.5px;">0</div><div id="a126591_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:556.5px;">0</div><div id="a126594_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:556.5px;">0</div><div id="a126598_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:615.048px;top:556.5px;">7,848</div><div id="a126601_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:556.5px;">6,577</div><div id="a126604" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:571.2px;">Net defined benefit asset / (liability) of<div style="display:inline-block;width:4.07px"> </div>major plans </div><div id="a126607_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:358.582px;top:571.2px;">0</div><div id="a126610_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:399.275px;top:571.2px;">0</div><div id="a126614_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:439.008px;top:571.2px;">321</div><div id="a126617_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.128px;top:571.2px;">192</div><div id="a126621_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.142px;top:571.2px;display:flex;">(335)</div><div id="a126624_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.208px;top:571.2px;display:flex;">(411)</div><div id="a126628_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.622px;top:571.2px;display:flex;">(14)</div><div id="a126631_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:571.2px;display:flex;">(219)</div><div id="a126634" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:584.9px;">Net defined benefit asset / (liability) of remaining<div style="display:inline-block;width:4.43px"> </div>plans </div><div id="a126646_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:617.422px;top:584.9px;display:flex;">(100)</div><div id="a126649_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:584.9px;display:flex;">(112)</div><div id="a126652" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:599.6px;">Total net defined benefit<div style="display:inline-block;width:4.06px"> </div>asset / (liability) </div><div id="a126665_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:617.422px;top:599.6px;display:flex;">(114)</div><div id="a126668_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:599.6px;display:flex;">(331)</div><div id="a126671" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:614.7px;">of which: Net defined benefit asset </div><div id="a126683_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:622.142px;top:614.7px;">355</div><div id="a126686_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:665.208px;top:614.7px;">302</div><div id="a126689" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:629.4px;">of which: Net defined benefit liability</div><div id="a126691" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:146.595px;top:630px;">2</div><div id="a126703_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:617.422px;top:629.4px;display:flex;">(469)</div><div id="a126706_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:660.488px;top:629.4px;display:flex;">(633)</div><div id="a126709" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:643.5px;">1 Experience (gains)<div style="display:inline-block;width:3.69px"> </div>/ losses<div style="display:inline-block;width:3.46px"> </div>are a component<div style="display:inline-block;width:4.41px"> </div>of actuarial remeasurements<div style="display:inline-block;width:4.89px"> </div>of the defined<div style="display:inline-block;width:3.64px"> </div>benefit obligation<div style="display:inline-block;width:3.61px"> </div>and reflect<div style="display:inline-block;width:4.11px"> </div>the effects<div style="display:inline-block;width:3.54px"> </div>of differences between<div style="display:inline-block;width:4.43px"> </div>the previous actuarial<div style="display:inline-block;width:4.41px"> </div>assumptions and<div style="display:inline-block;width:3.62px"> </div>what has actually </div><div id="a126713" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:653.4px;">occurred.<div style="display:inline-block;width:8.36px"> </div>2 Refer to Note 18c.</div></div></div></div><div id="TextBlockContainer776" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:492px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_774_XBRL_TS_1ff1d05f82fe48d9891a31a0d13a54e4" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer775" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:492px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a126757" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:2.8px;">Income statement – expenses related<div style="display:inline-block;width:3.78px"> </div>to defined benefit plans</div><div id="a126761" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:227.47px;top:3.5px;">1</div><div id="a126775" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:28.4px;">USD m </div><div id="a126778" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:329.204px;top:28.4px;">Swiss pension plan </div><div id="a126781" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:424.324px;top:28.4px;">UK pension plan </div><div id="a126784" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.07px;top:16.6px;">US and German </div><div id="a126785" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.377px;top:28.4px;">pension plans </div><div id="a126788" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.737px;top:28.4px;">Total </div><div id="a126790" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:41.6px;">For the year ended </div><div id="a126793" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:329.204px;top:41.6px;">31.12.22 </div><div id="a126795" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:369.91px;top:41.6px;">31.12.21 </div><div id="a126798" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:419.59px;top:41.6px;">31.12.22 </div><div id="a126800" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:461.71px;top:41.6px;">31.12.21 </div><div id="a126803" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:510.457px;top:41.6px;">31.12.22 </div><div id="a126805" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.524px;top:41.6px;">31.12.21 </div><div id="a126808" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:602.737px;top:41.6px;">31.12.22 </div><div id="a126810" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.764px;top:41.6px;">31.12.21 </div><div id="a126812" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:56.3px;">Current service cost </div><div id="a126815_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.15px;top:56.3px;">416</div><div id="a126818_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.857px;top:56.3px;">494</div><div id="a126822_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.47px;top:56.3px;">0</div><div id="a126825_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.564px;top:56.3px;">0</div><div id="a126829_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:56.3px;">5</div><div id="a126832_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:56.3px;">6</div><div id="a126836_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:621.644px;top:56.3px;">420</div><div id="a126839_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.71px;top:56.3px;">500</div><div id="a126842" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:71.9px;">Interest expense related to defined benefit obligation </div><div id="a126845_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.15px;top:71.9px;">344</div><div id="a126848_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.057px;top:71.9px;">58</div><div id="a126852_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:443.737px;top:71.9px;">67</div><div id="a126855_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.83px;top:71.9px;">58</div><div id="a126859_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:534.577px;top:71.9px;">35</div><div id="a126862_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:71.9px;">30</div><div id="a126866_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:621.644px;top:71.9px;">446</div><div id="a126869_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.71px;top:71.9px;">147</div><div id="a126872" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:87px;">Interest income related to plan assets </div><div id="a126875_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:343.417px;top:87px;display:flex;">(485)</div><div id="a126878_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.857px;top:87px;display:flex;">(74)</div><div id="a126882_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.977px;top:87px;display:flex;">(70)</div><div id="a126885_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.63px;top:87px;display:flex;">(58)</div><div id="a126889_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.844px;top:87px;display:flex;">(31)</div><div id="a126892_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:87px;display:flex;">(26)</div><div id="a126896_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:616.924px;top:87px;display:flex;">(586)</div><div id="a126899_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.99px;top:87px;display:flex;">(159)</div><div id="a126902" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:102.6px;">Interest expense on asset ceiling effect </div><div id="a126905_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.15px;top:102.6px;">135</div><div id="a126908_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.057px;top:102.6px;">15</div><div id="a126912_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.47px;top:102.6px;">0</div><div id="a126915_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.564px;top:102.6px;">0</div><div id="a126919_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:102.6px;">0</div><div id="a126922_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:102.6px;">0</div><div id="a126926_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:621.644px;top:102.6px;">135</div><div id="a126929_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.91px;top:102.6px;">15</div><div id="a126932" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:117.8px;">Administration expenses, taxes and premiums paid </div><div id="a126935_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:353.35px;top:117.8px;">12</div><div id="a126938_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.057px;top:117.8px;">13</div><div id="a126942_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.47px;top:117.8px;">0</div><div id="a126945_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.564px;top:117.8px;">0</div><div id="a126949_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:117.8px;">3</div><div id="a126952_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:117.8px;">4</div><div id="a126956_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:626.857px;top:117.8px;">16</div><div id="a126959_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.91px;top:117.8px;">17</div><div id="a126962" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:132.9px;">Past service cost related to plan amendments </div><div id="a126965_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:358.084px;top:132.9px;">0</div><div id="a126968_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:398.777px;top:132.9px;">0</div><div id="a126972_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.47px;top:132.9px;">0</div><div id="a126975_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.564px;top:132.9px;">0</div><div id="a126979_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:132.9px;">0</div><div id="a126982_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:132.9px;">4</div><div id="a126986_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:631.577px;top:132.9px;">0</div><div id="a126989_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.644px;top:132.9px;">4</div><div id="a126992" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:148.6px;">Curtailments </div><div id="a126995_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.63px;top:148.6px;display:flex;">(20)</div><div id="a126998_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.857px;top:148.6px;display:flex;">(80)</div><div id="a127002_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.47px;top:148.6px;">0</div><div id="a127005_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.564px;top:148.6px;">0</div><div id="a127009_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:148.6px;">0</div><div id="a127012_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:148.6px;">0</div><div id="a127016_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.124px;top:148.6px;display:flex;">(20)</div><div id="a127019_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.71px;top:148.6px;display:flex;">(80)</div><div id="a127022" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:163.2px;">Net periodic expenses recognized in net<div style="display:inline-block;width:3.92px"> </div>profit for major plans </div><div id="a127025_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.15px;top:163.2px;">402</div><div id="a127028_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.857px;top:163.2px;">426</div><div id="a127032_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:443.737px;top:163.2px;display:flex;">(3)</div><div id="a127035_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.564px;top:163.2px;">0</div><div id="a127039_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:534.577px;top:163.2px;">12</div><div id="a127042_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:163.2px;">18</div><div id="a127046_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:621.644px;top:163.2px;">411</div><div id="a127049_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.71px;top:163.2px;">444</div><div id="a127052" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:178.3px;">Net periodic expenses recognized in net<div style="display:inline-block;width:3.92px"> </div>profit for remaining plans</div><div id="a127053" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:242.63px;top:179px;">2</div><div id="a127065_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:626.857px;top:178.3px;">25</div><div id="a127068_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.91px;top:178.3px;">25</div><div id="a127071" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:194px;">Total net periodic<div style="display:inline-block;width:3.71px"> </div>expenses recognized in net profit </div><div id="a127083_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:621.644px;top:194px;">437</div><div id="a127086_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.71px;top:194px;">470</div><div id="a127089" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:208.5px;">1 Refer to Note 6.<div style="display:inline-block;width:9.06px"> </div>2 Includes differences between<div style="display:inline-block;width:3.83px"> </div>actual and estimated performance<div style="display:inline-block;width:4.12px"> </div>award accruals. </div><div id="a127105" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:235.6px;">Other comprehensive income – gains /<div style="display:inline-block;width:3.94px"> </div>(losses) on defined benefit plans<div style="display:inline-block;width:3.14px"> </div></div><div id="a127122" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:260.7px;">USD m </div><div id="a127125" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:329.204px;top:260.7px;">Swiss pension plan </div><div id="a127128" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:424.324px;top:260.7px;">UK pension plan </div><div id="a127131" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.07px;top:248.8px;">US and German </div><div id="a127132" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.377px;top:260.7px;">pension plans </div><div id="a127135" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.737px;top:260.7px;">Total </div><div id="a127137" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:274.4px;">For the year ended </div><div id="a127140" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:329.204px;top:274.4px;">31.12.22 </div><div id="a127142" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:369.91px;top:274.4px;">31.12.21 </div><div id="a127145" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:419.59px;top:274.4px;">31.12.22 </div><div id="a127147" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:461.71px;top:274.4px;">31.12.21 </div><div id="a127150" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:510.457px;top:274.4px;">31.12.22 </div><div id="a127152" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.524px;top:274.4px;">31.12.21 </div><div id="a127155" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:602.737px;top:274.4px;">31.12.22 </div><div id="a127157" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.764px;top:274.4px;">31.12.21 </div><div id="a127159" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:289.1px;">Remeasurement of defined benefit obligation </div><div id="a127162_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.057px;top:289.1px;">4,151</div><div id="a127165_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:289.1px;display:flex;">(837)</div><div id="a127169_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:431.417px;top:289.1px;">1,474</div><div id="a127172_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.63px;top:289.1px;display:flex;">(71)</div><div id="a127176_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.364px;top:289.1px;">267</div><div id="a127179_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:289.1px;">62</div><div id="a127183_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:614.55px;top:289.1px;">5,891</div><div id="a127186_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.99px;top:289.1px;display:flex;">(846)</div><div id="a127189" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:304.2px;">of which: change in discount rate assumption </div><div id="a127192_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:341.057px;top:304.2px;">5,414</div><div id="a127195_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:388.857px;top:304.2px;">870</div><div id="a127199_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:431.417px;top:304.2px;">1,451</div><div id="a127202_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:480.63px;top:304.2px;">319</div><div id="a127206_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:529.364px;top:304.2px;">317</div><div id="a127209_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:577.63px;top:304.2px;">77</div><div id="a127213_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:614.55px;top:304.2px;">7,183</div><div id="a127216_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:657.617px;top:304.2px;">1,267</div><div id="a127219" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:319.8px;">of which: change in rate of pension increase<div style="display:inline-block;width:3.79px"> </div>assumption </div><div id="a127222_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:358.084px;top:319.8px;">0</div><div id="a127225_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:398.777px;top:319.8px;">0</div><div id="a127229_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:438.51px;top:319.8px;">123</div><div id="a127232_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:475.897px;top:319.8px;display:flex;">(316)</div><div id="a127236_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:534.577px;top:319.8px;display:flex;">(5)</div><div id="a127239_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:577.164px;top:319.8px;display:flex;">(1)</div><div id="a127243_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:621.644px;top:319.8px;">118</div><div id="a127246_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:659.99px;top:319.8px;display:flex;">(318)</div><div id="a127249" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:334.9px;">of which: change in rate of interest credit on<div style="display:inline-block;width:3.83px"> </div>retirement savings assumption </div><div id="a127252_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:343.417px;top:334.9px;display:flex;">(718)</div><div id="a127255_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:384.097px;top:334.9px;display:flex;">(193)</div><div id="a127259_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:448.47px;top:334.9px;">0</div><div id="a127262_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:490.564px;top:334.9px;">0</div><div id="a127266_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:529.844px;top:334.9px;display:flex;">(82)</div><div id="a127269_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:577.164px;top:334.9px;display:flex;">(1)</div><div id="a127273_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:616.924px;top:334.9px;display:flex;">(800)</div><div id="a127276_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:659.99px;top:334.9px;display:flex;">(194)</div><div id="a127279" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:350.1px;">of which: change in life expectancy </div><div id="a127282_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:358.084px;top:350.1px;">0</div><div id="a127285_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:398.777px;top:350.1px;">0</div><div id="a127289_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:448.47px;top:350.1px;">5</div><div id="a127292_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:490.564px;top:350.1px;">9</div><div id="a127296_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:534.577px;top:350.1px;display:flex;">(1)</div><div id="a127299_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:577.164px;top:350.1px;display:flex;">(3)</div><div id="a127303_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:631.577px;top:350.1px;">4</div><div id="a127306_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:674.644px;top:350.1px;">5</div><div id="a127309" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:365.7px;">of which: change in other actuarial assumptions </div><div id="a127312_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:348.63px;top:365.7px;display:flex;">(33)</div><div id="a127315_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:388.857px;top:365.7px;display:flex;">(50)</div><div id="a127319_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:448.47px;top:365.7px;">1</div><div id="a127322_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:480.63px;top:365.7px;display:flex;">(23)</div><div id="a127326_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:534.577px;top:365.7px;">48</div><div id="a127329_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:582.364px;top:365.7px;">2</div><div id="a127333_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:626.857px;top:365.7px;">16</div><div id="a127336_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.71px;top:365.7px;display:flex;">(71)</div><div id="a127339" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:380.8px;">of which: experience gains / (losses)</div><div id="a127340" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:142.31px;top:381.5px;">1</div><div id="a127343_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:343.417px;top:380.8px;display:flex;">(512)</div><div id="a127346_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:376.524px;top:380.8px;display:flex;">(1,464)</div><div id="a127350_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:433.777px;top:380.8px;display:flex;">(107)</div><div id="a127353_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:480.63px;top:380.8px;display:flex;">(59)</div><div id="a127357_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:529.844px;top:380.8px;display:flex;">(11)</div><div id="a127360_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:572.43px;top:380.8px;display:flex;">(12)</div><div id="a127364_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:616.924px;top:380.8px;display:flex;">(631)</div><div id="a127367_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:652.417px;top:380.8px;display:flex;">(1,535)</div><div id="a127370" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:396.4px;">Return on plan assets excluding interest income </div><div id="a127373_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:336.324px;top:396.4px;display:flex;">(3,248)</div><div id="a127376_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:381.724px;top:396.4px;">2,322</div><div id="a127380_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:426.684px;top:396.4px;display:flex;">(1,312)</div><div id="a127383_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.63px;top:396.4px;">277</div><div id="a127387_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:524.644px;top:396.4px;display:flex;">(223)</div><div id="a127390_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:396.4px;">40</div><div id="a127394_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:609.83px;top:396.4px;display:flex;">(4,782)</div><div id="a127397_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.617px;top:396.4px;">2,639</div><div id="a127400" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:412.1px;">Asset ceiling effect excluding interest expense and foreign<div style="display:inline-block;width:3.76px"> </div>currency translation </div><div id="a127403_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:336.324px;top:412.1px;display:flex;">(1,189)</div><div id="a127406_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:376.524px;top:412.1px;display:flex;">(1,821)</div><div id="a127410_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.47px;top:412.1px;">0</div><div id="a127413_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.564px;top:412.1px;">0</div><div id="a127417_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:412.1px;">0</div><div id="a127420_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:412.1px;">0</div><div id="a127424_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:609.83px;top:412.1px;display:flex;">(1,189)</div><div id="a127427_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.417px;top:412.1px;display:flex;">(1,821)</div><div id="a127430" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:427.2px;">Total gains / (losses) recognized<div style="display:inline-block;width:4.38px"> </div>in other comprehensive income for major plans </div><div id="a127433_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:343.417px;top:427.2px;display:flex;">(285)</div><div id="a127436_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:427.2px;display:flex;">(336)</div><div id="a127440_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.51px;top:427.2px;">162</div><div id="a127443_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.63px;top:427.2px;">207</div><div id="a127447_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:534.577px;top:427.2px;">43</div><div id="a127450_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:427.2px;">102</div><div id="a127454_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.124px;top:427.2px;display:flex;">(80)</div><div id="a127457_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.71px;top:427.2px;display:flex;">(28)</div><div id="a127460" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:442.8px;">Total gains / (losses) recognized<div style="display:inline-block;width:4.38px"> </div>in other comprehensive income for remaining plans </div><div id="a127472_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:631.577px;top:442.8px;">7</div><div id="a127475_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.91px;top:442.8px;">30</div><div id="a127478" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:458px;">Total gains / (losses) recognized<div style="display:inline-block;width:4.38px"> </div>in other comprehensive income</div><div id="a127479" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:235.057px;top:458.6px;">2</div><div id="a127491_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.124px;top:458px;display:flex;">(73)</div><div id="a127494_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.644px;top:458px;">2</div><div id="a127497" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:473px;">1 Experience<div style="display:inline-block;width:3.36px"> </div>(gains) / losses<div style="display:inline-block;width:3.79px"> </div>are a component<div style="display:inline-block;width:4.41px"> </div>of actuarial remeasurements<div style="display:inline-block;width:4.89px"> </div>of the defined<div style="display:inline-block;width:3.64px"> </div>benefit obligation<div style="display:inline-block;width:3.61px"> </div>and reflect<div style="display:inline-block;width:4.11px"> </div>the effects of<div style="display:inline-block;width:3.64px"> </div>differences between<div style="display:inline-block;width:4.35px"> </div>the previous actuarial<div style="display:inline-block;width:4.41px"> </div>assumptions and<div style="display:inline-block;width:3.62px"> </div>what has actually </div><div id="a127500" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:482.9px;">occurred.<div style="display:inline-block;width:8.36px"> </div>2 Refer to the “Statement<div style="display:inline-block;width:3.98px"> </div>of comprehensive income.”</div></div></div></div><div id="TextBlockContainer778" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:674px;height:14px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a127505" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">The table below provides<div style="display:inline-block;width:5.08px"> </div>information about the duration of<div style="display:inline-block;width:5.36px"> </div>the DBO and the timing for expected benefit payments.</div></div><div id="TextBlockContainer782" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:194px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_780_XBRL_TS_b0d66c82f28e495692d2cdca3d305222" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer781" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:194px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a127513" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:11.4px;">Swiss pension plan </div><div id="a127516" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:494.844px;top:11.4px;">UK pension plan </div><div id="a127519" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:586.617px;top:0px;">US and German pension </div><div id="a127520" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:619.284px;top:11.4px;">plans</div><div id="a127521" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:638.204px;top:12px;">1</div><div id="a127525" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:382.204px;top:25.5px;">31.12.22 </div><div id="a127527" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:432.364px;top:25.5px;">31.12.21 </div><div id="a127530" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:488.19px;top:25.5px;">31.12.22 </div><div id="a127532" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:538.35px;top:25.5px;">31.12.21 </div><div id="a127535" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:594.19px;top:25.5px;">31.12.22 </div><div id="a127537" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.35px;top:25.5px;">31.12.21 </div><div id="a127539" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:41.2px;">Duration of the defined benefit<div style="display:inline-block;width:3.75px"> </div>obligation (in years) </div><div id="a127542_1_4" style="position:absolute;font-family:'Frutiger 47 CN';color:#9A3D37;left:398.777px;top:41.2px;">13.1</div><div id="a127545_1_4" style="position:absolute;font-family:'Frutiger 47 CN';left:448.937px;top:41.2px;">15.1</div><div id="a127549_1_4" style="position:absolute;font-family:'Frutiger 47 CN';color:#9A3D37;left:504.777px;top:41.2px;">13.7</div><div id="a127552_1_4" style="position:absolute;font-family:'Frutiger 47 CN';left:554.937px;top:41.2px;">18.8</div><div id="a127556_1_3" style="position:absolute;font-family:'Frutiger 47 CN';color:#9A3D37;left:615.497px;top:41.2px;">7.9</div><div id="a127559_1_3" style="position:absolute;font-family:'Frutiger 47 CN';left:666.137px;top:41.2px;">9.5</div><div id="a127562" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:56.8px;">Maturity analysis of benefits expected<div style="display:inline-block;width:3.72px"> </div>to be paid </div><div id="a127573" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:72.4px;">USD m </div><div id="a127584" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:88px;">Benefits expected to be paid within 12 months </div><div id="a127587_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:394.057px;top:88px;">1,294</div><div id="a127590_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:88px;">1,312</div><div id="a127594_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:507.137px;top:88px;">107</div><div id="a127597_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:557.297px;top:88px;">110</div><div id="a127601_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.137px;top:88px;">123</div><div id="a127604_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:88px;">123</div><div id="a127607" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:104.5px;">Benefits expected to be paid between<div style="display:inline-block;width:3.74px"> </div>1 and 3 years </div><div id="a127610_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:394.057px;top:104.5px;">2,657</div><div id="a127613_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:104.5px;">2,636</div><div id="a127617_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:507.137px;top:104.5px;">234</div><div id="a127620_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:557.297px;top:104.5px;">248</div><div id="a127624_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.137px;top:104.5px;">232</div><div id="a127627_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:104.5px;">237</div><div id="a127630" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:121.1px;">Benefits expected to be paid between<div style="display:inline-block;width:3.74px"> </div>3 and 6 years </div><div id="a127633_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:394.057px;top:121.1px;">3,977</div><div id="a127636_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:121.1px;">3,824</div><div id="a127640_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:507.137px;top:121.1px;">384</div><div id="a127643_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:557.297px;top:121.1px;">418</div><div id="a127647_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.137px;top:121.1px;">335</div><div id="a127650_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:121.1px;">338</div><div id="a127653" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:137.2px;">Benefits expected to be paid between<div style="display:inline-block;width:3.74px"> </div>6 and 11 years </div><div id="a127656_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:394.057px;top:137.2px;">6,743</div><div id="a127659_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:137.2px;">6,220</div><div id="a127663_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:507.137px;top:137.2px;">667</div><div id="a127666_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:557.297px;top:137.2px;">743</div><div id="a127670_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.137px;top:137.2px;">502</div><div id="a127673_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:137.2px;">495</div><div id="a127676" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:153.8px;">Benefits expected to be paid between<div style="display:inline-block;width:3.74px"> </div>11 and 16 years </div><div id="a127679_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:394.057px;top:153.8px;">6,223</div><div id="a127682_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:153.8px;">5,572</div><div id="a127686_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:507.137px;top:153.8px;">667</div><div id="a127689_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:557.297px;top:153.8px;">751</div><div id="a127693_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.137px;top:153.8px;">388</div><div id="a127696_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:153.8px;">392</div><div id="a127699" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:169.8px;">Benefits expected to be paid in more than 16 years </div><div id="a127702_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:389.324px;top:169.8px;">22,446</div><div id="a127705_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:439.457px;top:169.8px;">18,092</div><div id="a127709_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:500.044px;top:169.8px;">2,570</div><div id="a127712_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.204px;top:169.8px;">3,028</div><div id="a127716_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.137px;top:169.8px;">516</div><div id="a127719_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:169.8px;">519</div><div id="a127722" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:185.3px;">1 The duration of the<div style="display:inline-block;width:3.49px"> </div>defined benefit obligation<div style="display:inline-block;width:3.62px"> </div>represents a weighted average<div style="display:inline-block;width:3.64px"> </div>across US and German<div style="display:inline-block;width:3.64px"> </div>plans.</div></div></div></div><div id="TextBlockContainer784" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:151px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a127766" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Actuarial assumptions </div><div id="a127769" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.6px;">The<div style="display:inline-block;width:5.4px"> </div>actuarial assumptions<div style="display:inline-block;width:7.23px"> </div>used<div style="display:inline-block;width:5.66px"> </div>for<div style="display:inline-block;width:5.1px"> </div>the defined<div style="display:inline-block;width:6.65px"> </div>benefit plans<div style="display:inline-block;width:6.59px"> </div>are<div style="display:inline-block;width:5.29px"> </div>based<div style="display:inline-block;width:5.66px"> </div>on<div style="display:inline-block;width:5.13px"> </div>the<div style="display:inline-block;width:5.25px"> </div>economic conditions<div style="display:inline-block;width:6.69px"> </div>prevailing<div style="display:inline-block;width:5.38px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the </div><div id="a127770" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.8px;">jurisdiction<div style="display:inline-block;width:5.13px"> </div>in which<div style="display:inline-block;width:6.08px"> </div>they<div style="display:inline-block;width:5.05px"> </div>are<div style="display:inline-block;width:5.29px"> </div>offered.<div style="display:inline-block;width:5.73px"> </div>Changes<div style="display:inline-block;width:5.54px"> </div>in the<div style="display:inline-block;width:5.93px"> </div>defined<div style="display:inline-block;width:5.08px"> </div>benefit<div style="display:inline-block;width:5.2px"> </div>obligation<div style="display:inline-block;width:5.27px"> </div>are<div style="display:inline-block;width:5.29px"> </div>most sensitive<div style="display:inline-block;width:6.41px"> </div>to<div style="display:inline-block;width:5.25px"> </div>changes<div style="display:inline-block;width:5.18px"> </div>in the </div><div id="a127771" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:46.4px;">discount rate. The di<div style="display:inline-block;width:1.35px"> </div>scount rate is based<div style="display:inline-block;width:5.43px"> </div>on the yield of high<div style="display:inline-block;width:1.85px"> </div>-quality corporate bonds<div style="display:inline-block;width:5.42px"> </div>quoted in an active<div style="display:inline-block;width:5.33px"> </div>market in the </div><div id="a127775" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61.5px;">currency of<div style="display:inline-block;width:5.09px"> </div>the respective plan.<div style="display:inline-block;width:5.54px"> </div>A decrease in<div style="display:inline-block;width:5.32px"> </div>the discount curve<div style="display:inline-block;width:5.03px"> </div>increases the DBO.<div style="display:inline-block;width:5.42px"> </div>UBS regularly<div style="display:inline-block;width:5.12px"> </div>reviews the actuarial </div><div id="a127776" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.6px;">assumptions used in<div style="display:inline-block;width:5.09px"> </div>calculating the DBO to determine their continuing<div style="display:inline-block;width:5.37px"> </div>relevance. </div><div id="a127780" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:88.8px;">›</div><div id="a127781" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:89px;"> </div><div id="a127782" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:93.7px;">Refer to Note 1a<div style="display:inline-block;width:1.6px"> </div>item 5 for a description<div style="display:inline-block;width:1.09px"> </div>of the accounting<div style="display:inline-block;width:1.34px"> </div>policy for defined<div style="display:inline-block;width:1.1px"> </div>benefit plans </div><div id="a127794" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:106.9px;"> </div><div id="a127795" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:122.1px;"> </div><div id="a127796" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:137.7px;">The tables below show<div style="display:inline-block;width:5.25px"> </div>the significant actuarial assumptions used<div style="display:inline-block;width:5.16px"> </div>in calculating the DBO at the end of<div style="display:inline-block;width:5.16px"> </div>the year.</div></div><div id="TextBlockContainer787" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:103px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a127806" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Significant actuarial assumptions </div><div id="a127817" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:292.342px;top:17.2px;">Swiss pension plan </div><div id="a127820" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:399.275px;top:17.2px;">UK pension plan </div><div id="a127823" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.075px;top:17.2px;">US pension plans </div><div id="a127826" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:17.2px;">German pension plans </div><div id="a127828" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:31.4px;">In % </div><div id="a127831" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:290.448px;top:31.4px;">31.12.22 </div><div id="a127833" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.715px;top:31.4px;">31.12.21 </div><div id="a127836" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:392.662px;top:31.4px;">31.12.22 </div><div id="a127838" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.902px;top:31.4px;">31.12.21 </div><div id="a127841" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:494.875px;top:31.4px;">31.12.22 </div><div id="a127843" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:542.635px;top:31.4px;">31.12.21 </div><div id="a127846" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:597.048px;top:31.4px;">31.12.22 </div><div id="a127848" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.848px;top:31.4px;">31.12.21 </div><div id="a127850" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:47px;">Discount rate </div><div id="a127853_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:306.995px;top:47px;">2.34</div><div id="a127856_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:355.275px;top:47px;">0.34</div><div id="a127860_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:409.208px;top:47px;">5.02</div><div id="a127863_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:457.475px;top:47px;">1.82</div><div id="a127867_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.582px;top:47px;">4.92</div><div id="a127869" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:525.608px;top:47.7px;">1 </div><div id="a127871_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:556.848px;top:47px;">2.47</div><div id="a127873" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:573.408px;top:47.7px;">1 </div><div id="a127876_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.635px;top:47px;">3.81</div><div id="a127879_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.435px;top:47px;">0.99</div><div id="a127882" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:63.1px;">Rate of pension increase </div><div id="a127886_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:306.995px;top:63.1px;">0.00</div><div id="a127889_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:355.275px;top:63.1px;">0.00</div><div id="a127893_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:409.208px;top:63.1px;">3.08</div><div id="a127896_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:457.475px;top:63.1px;">3.32</div><div id="a127900_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:511.422px;top:63.1px;">0.00</div><div id="a127903_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.222px;top:63.1px;">0.00</div><div id="a127907_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.635px;top:63.1px;">2.20</div><div id="a127910_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.435px;top:63.1px;">1.80</div><div id="a127913" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:79.6px;">Rate of interest credit on retirement savings<div style="display:inline-block;width:3.87px"> </div></div><div id="a127916_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:306.995px;top:79.6px;">3.39</div><div id="a127919_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:355.275px;top:79.6px;">1.04</div><div id="a127923_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:409.208px;top:79.6px;">0.00</div><div id="a127926_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:457.475px;top:79.6px;">0.00</div><div id="a127930_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.582px;top:79.6px;">5.73</div><div id="a127932" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:525.608px;top:80.3px;">2 </div><div id="a127934_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:556.848px;top:79.6px;">1.18</div><div id="a127936" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:573.408px;top:80.3px;">2 </div><div id="a127939_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.635px;top:79.6px;">0.00</div><div id="a127942_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.435px;top:79.6px;">0.00</div><div id="a127945" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:94.7px;">1 Represents weighted average<div style="display:inline-block;width:3.81px"> </div>across US pension plans.<div style="display:inline-block;width:9.93px"> </div>2 Only applicable to<div style="display:inline-block;width:3.48px"> </div>one of the US pension plans</div></div><div id="TextBlockContainer792" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:263px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_790_XBRL_TS_1515bc73cb9f496e86935ed2bfa60f9c" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer791" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:263px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a127949" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Mortality tables and life expectancies<div style="display:inline-block;width:4.29px"> </div>for major plans </div><div id="a127960" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:443.288px;top:15.8px;">Life expectancy at age 65 for a male member currently </div><div id="a127965" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.062px;top:31.4px;">aged 65 </div><div id="a127968" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.995px;top:31.4px;">aged 45 </div><div id="a127970" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:47px;">Country </div><div id="a127972" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:47px;">Mortality table </div><div id="a127975" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:435.222px;top:47px;">31.12.22 </div><div id="a127977" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:47px;">31.12.21 </div><div id="a127980" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:577.195px;top:47px;">31.12.22 </div><div id="a127982" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.315px;top:47px;">31.12.21 </div><div id="a127984" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:63.1px;">Switzerland </div><div id="a127986" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:63.1px;">BVG 2020 G with CMI 2021 projections</div><div id="a127988" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:249.755px;top:63.7px;">1</div><div id="a127991_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:63.1px;">21.7</div><div id="a127994_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:63.1px;">21.7</div><div id="a127998_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:593.742px;top:63.1px;">23.4</div><div id="a128001_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:63.1px;">23.3</div><div id="a128004" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:79.2px;">UK </div><div id="a128006" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:79.2px;">S3PA with CMI 2021 projections</div><div id="a128007" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:223.235px;top:79.8px;">2</div><div id="a128010_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:79.2px;">23.5</div><div id="a128013_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:79.2px;">23.4</div><div id="a128017_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:593.742px;top:79.2px;">24.6</div><div id="a128020_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:79.2px;">24.5</div><div id="a128023" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:95.7px;">USA </div><div id="a128025" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:95.7px;">Pri-2012 with MP-2021 projection scale </div><div id="a128032_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:95.7px;">22.0</div><div id="a128035_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:95.7px;">21.9</div><div id="a128039_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:593.742px;top:95.7px;">23.3</div><div id="a128042_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:95.7px;">23.3</div><div id="a128045" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:111.8px;">Germany </div><div id="a128047" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:111.8px;">Dr. K. Heubeck<div style="display:inline-block;width:4.3px"> </div>2018 G </div><div id="a128050_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:111.8px;">20.6</div><div id="a128053_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:111.8px;">20.5</div><div id="a128057_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:593.742px;top:111.8px;">23.4</div><div id="a128060_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:111.8px;">23.2</div><div id="a128074" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:439.955px;top:143px;">Life expectancy at age 65 for a female member currently </div><div id="a128079" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.062px;top:159.1px;">aged 65 </div><div id="a128082" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.995px;top:159.1px;">aged 45 </div><div id="a128084" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:174.7px;">Country </div><div id="a128086" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:174.7px;">Mortality table </div><div id="a128089" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:435.222px;top:174.7px;">31.12.22 </div><div id="a128091" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:174.7px;">31.12.21 </div><div id="a128094" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:577.195px;top:174.7px;">31.12.22 </div><div id="a128096" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.315px;top:174.7px;">31.12.21 </div><div id="a128098" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:190.3px;">Switzerland </div><div id="a128100" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:190.3px;">BVG 2020 G with CMI 2021 projections</div><div id="a128101" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:249.755px;top:191px;">1</div><div id="a128104_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:190.3px;">23.5</div><div id="a128107_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:190.3px;">23.4</div><div id="a128111_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:593.742px;top:190.3px;">25.1</div><div id="a128114_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:190.3px;">25.0</div><div id="a128117" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:206.4px;">UK </div><div id="a128119" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:206.4px;">S3PA with CMI 2021 projections</div><div id="a128121" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:223.235px;top:207.1px;">2</div><div id="a128124_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:206.4px;">25.0</div><div id="a128127_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:206.4px;">24.9</div><div id="a128131_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:593.742px;top:206.4px;">26.4</div><div id="a128134_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:206.4px;">26.3</div><div id="a128137" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:223px;">USA </div><div id="a128139" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:223px;">Pri-2012 with MP-2021 projection scale </div><div id="a128146_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:223px;">23.4</div><div id="a128149_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:223px;">23.3</div><div id="a128153_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:593.742px;top:223px;">24.8</div><div id="a128156_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:223px;">24.7</div><div id="a128159" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:239.1px;">Germany </div><div id="a128161" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:239.1px;">Dr. K. Heubeck<div style="display:inline-block;width:4.3px"> </div>2018 G </div><div id="a128164_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:239.1px;">24.0</div><div id="a128167_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:239.1px;">23.9</div><div id="a128171_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:593.742px;top:239.1px;">26.3</div><div id="a128174_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:239.1px;">26.1</div><div id="a128177" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:254.6px;">1 In 2021, BVG 2020 G with<div style="display:inline-block;width:3.6px"> </div>CMI 2019 projections was<div style="display:inline-block;width:3.99px"> </div>used.<div style="display:inline-block;width:8.04px"> </div>2 In 2021, S3PA<div style="display:inline-block;width:3.56px"> </div>with CMI 2020<div style="display:inline-block;width:3.53px"> </div>projections was used.</div></div></div></div><div id="TextBlockContainer794" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:90px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a128180" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Sensitivity analysis of significant actuarial<div style="display:inline-block;width:5.2px"> </div>assumptions </div><div id="a128186" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">The table<div style="display:inline-block;width:5.93px"> </div>below<div style="display:inline-block;width:5.13px"> </div>presents<div style="display:inline-block;width:5.16px"> </div>a sensitivity<div style="display:inline-block;width:5.53px"> </div>analysis<div style="display:inline-block;width:5.09px"> </div>for each<div style="display:inline-block;width:5.68px"> </div>significant<div style="display:inline-block;width:5.04px"> </div>actuarial<div style="display:inline-block;width:5.16px"> </div>assumption,<div style="display:inline-block;width:5.8px"> </div>showing<div style="display:inline-block;width:5.11px"> </div>how the<div style="display:inline-block;width:5.86px"> </div>DBO would </div><div id="a128187" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.3px;">have been<div style="display:inline-block;width:5.24px"> </div>affected by<div style="display:inline-block;width:5.09px"> </div>changes in<div style="display:inline-block;width:5.38px"> </div>the relevant actuarial<div style="display:inline-block;width:5.25px"> </div>assumption<div style="display:inline-block;width:5.23px"> </div>that were<div style="display:inline-block;width:5.21px"> </div>reasonably<div style="display:inline-block;width:5.2px"> </div>possible at<div style="display:inline-block;width:5.18px"> </div>the balance sheet </div><div id="a128191" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">date.<div style="display:inline-block;width:5.36px"> </div>Unforeseen<div style="display:inline-block;width:5.94px"> </div>circumstances<div style="display:inline-block;width:5.78px"> </div>may<div style="display:inline-block;width:5.32px"> </div>arise,<div style="display:inline-block;width:5.57px"> </div>which<div style="display:inline-block;width:5.4px"> </div>could<div style="display:inline-block;width:5.5px"> </div>result<div style="display:inline-block;width:5.28px"> </div>in<div style="display:inline-block;width:5.77px"> </div>variations<div style="display:inline-block;width:5.41px"> </div>that<div style="display:inline-block;width:5.1px"> </div>are<div style="display:inline-block;width:6.23px"> </div>outside<div style="display:inline-block;width:5.6px"> </div>the<div style="display:inline-block;width:5.25px"> </div>range<div style="display:inline-block;width:5.45px"> </div>of<div style="display:inline-block;width:5.25px"> </div>alternatives </div><div id="a128193" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61px;">deemed<div style="display:inline-block;width:6.87px"> </div>reasonably<div style="display:inline-block;width:7.06px"> </div>possible.<div style="display:inline-block;width:7.22px"> </div>Caution<div style="display:inline-block;width:7.12px"> </div>should<div style="display:inline-block;width:7.37px"> </div>be<div style="display:inline-block;width:6.35px"> </div>used<div style="display:inline-block;width:7.07px"> </div>in<div style="display:inline-block;width:6.72px"> </div>extrapolating<div style="display:inline-block;width:6.56px"> </div>the<div style="display:inline-block;width:6.67px"> </div>sensitivities<div style="display:inline-block;width:6.99px"> </div>below<div style="display:inline-block;width:7.03px"> </div>on<div style="display:inline-block;width:7.03px"> </div>the<div style="display:inline-block;width:7.05px"> </div>DBO,<div style="display:inline-block;width:6.98px"> </div>as<div style="display:inline-block;width:6.67px"> </div>the </div><div id="a128196" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.6px;">sensitivities may not be linear.</div></div><div id="TextBlockContainer798" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:231px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_796_XBRL_TS_dd43b51c3f7341dc87a787477715cc88" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer797" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:231px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a128199" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:2.8px;">Sensitivity analysis of significant actuarial<div style="display:inline-block;width:4.25px"> </div>assumptions</div><div id="a128201" style="position:absolute;font-family:'Frutiger';font-size:6.148px;font-weight:bold;font-style:normal;left:262.048px;top:3.5px;">1</div><div id="a128212" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:17.7px;">Increase / (decrease) in defined benefit obligation </div><div id="a128215" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:17.7px;">Swiss pension plan </div><div id="a128218" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:449.915px;top:17.7px;">UK pension plan </div><div id="a128221" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.635px;top:17.7px;">US and German pension plans </div><div id="a128223" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:31.4px;">USD m </div><div id="a128226" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:307.475px;top:31.4px;">31.12.22 </div><div id="a128228" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.768px;top:31.4px;">31.12.21 </div><div id="a128231" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:443.768px;top:31.4px;">31.12.22 </div><div id="a128233" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:507.635px;top:31.4px;">31.12.21 </div><div id="a128236" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:579.075px;top:31.4px;">31.12.22 </div><div id="a128238" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:643.902px;top:31.4px;">31.12.21 </div><div id="a128240" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:44.6px;">Discount rate </div><div id="a128251" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:59.3px;">Increase by 50 basis points </div><div id="a128254_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:314.568px;top:59.3px;display:flex;">(1,128)</div><div id="a128257_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.382px;top:59.3px;display:flex;">(1,695)</div><div id="a128261_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.955px;top:59.3px;display:flex;">(141)</div><div id="a128264_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.822px;top:59.3px;display:flex;">(361)</div><div id="a128268_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:598.475px;top:59.3px;display:flex;">(51)</div><div id="a128271_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.848px;top:59.3px;display:flex;">(78)</div><div id="a128274" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:73.5px;">Decrease by 50 basis points </div><div id="a128277_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:319.302px;top:73.5px;">1,269</div><div id="a128280_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:73.5px;">1,933</div><div id="a128284_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:462.688px;top:73.5px;">157</div><div id="a128287_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:526.555px;top:73.5px;">411</div><div id="a128291_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:603.235px;top:73.5px;">55</div><div id="a128294_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.048px;top:73.5px;">84</div><div id="a128297" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:87.7px;">Rate of pension increase </div><div id="a128308" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:102.3px;">Increase by 50 basis points </div><div id="a128311_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:326.395px;top:102.3px;">877</div><div id="a128314_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:102.3px;">1,333</div><div id="a128318_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:462.688px;top:102.3px;">127</div><div id="a128321_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:526.555px;top:102.3px;">334</div><div id="a128325_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:607.955px;top:102.3px;">4</div><div id="a128328_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.782px;top:102.3px;">6</div><div id="a128331" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:116.5px;">Decrease by 50 basis points </div><div id="a128334" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:333.008px;top:116.5px;">–</div><div id="a128335" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:338.248px;top:117.2px;">2</div><div id="a128337" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:398.342px;top:116.5px;">–</div><div id="a128338" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:403.542px;top:117.2px;">2</div><div id="a128341_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.955px;top:116.5px;display:flex;">(118)</div><div id="a128344_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.822px;top:116.5px;display:flex;">(306)</div><div id="a128348_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:603.235px;top:116.5px;display:flex;">(3)</div><div id="a128351_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:116.5px;display:flex;">(6)</div><div id="a128354" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:130.7px;">Rate of interest credit on retirement<div style="display:inline-block;width:3.77px"> </div>savings </div><div id="a128365" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:145.4px;">Increase by 50 basis points </div><div id="a128368_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:326.395px;top:145.4px;">178</div><div id="a128371_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:391.715px;top:145.4px;">224</div><div id="a128375" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:469.302px;top:145.4px;">–</div><div id="a128376" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:474.502px;top:146.1px;">3 </div><div id="a128378" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.182px;top:145.4px;">–</div><div id="a128379" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:538.382px;top:146.1px;">3 </div><div id="a128382_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:607.955px;top:145.4px;">9</div><div id="a128385_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.782px;top:145.4px;">8</div><div id="a128388" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:159.6px;">Decrease by 50 basis points </div><div id="a128391_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:321.662px;top:159.6px;display:flex;">(178)</div><div id="a128394_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.955px;top:159.6px;display:flex;">(224)</div><div id="a128398" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:469.302px;top:159.6px;">–</div><div id="a128399" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:474.502px;top:160.2px;">3 </div><div id="a128401" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.182px;top:159.6px;">–</div><div id="a128402" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:538.382px;top:160.2px;">3 </div><div id="a128405_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:603.235px;top:159.6px;display:flex;">(8)</div><div id="a128408_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:159.6px;display:flex;">(7)</div><div id="a128411" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:173.8px;">Life expectancy </div><div id="a128422" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:188.4px;">Increase in longevity by one additional year </div><div id="a128425_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:326.395px;top:188.4px;">593</div><div id="a128428_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:391.715px;top:188.4px;">915</div><div id="a128432_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:467.888px;top:188.4px;">65</div><div id="a128435_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:526.555px;top:188.4px;">184</div><div id="a128439_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:603.235px;top:188.4px;">39</div><div id="a128442_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.048px;top:188.4px;">56</div><div id="a128445" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:202.5px;">1 The sensitivity analyses are based on a change in one assumption while<div style="display:inline-block;width:3.99px"> </div>holding all other assumptions constant, so that interdependencies<div style="display:inline-block;width:4.35px"> </div>between the assumptions are excluded.<div style="display:inline-block;width:8.69px"> </div>2 As the assumed rate of pension </div><div id="a128447" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:212.9px;">increase was </div><div id="a128447_13_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:45.767px;top:212.9px;">0</div><div id="a128447_14_193" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:50.023px;top:212.9px;">% as of 31 December 2022<div style="display:inline-block;width:3.88px"> </div>and as of 31 December<div style="display:inline-block;width:3.51px"> </div>2021, a downward change<div style="display:inline-block;width:3.55px"> </div>in assumption is<div style="display:inline-block;width:3.45px"> </div>not applicable.<div style="display:inline-block;width:9.6px"> </div>3 As the UK plan does<div style="display:inline-block;width:3.81px"> </div>not provide interest credits<div style="display:inline-block;width:3.61px"> </div>on retirement savings,<div style="display:inline-block;width:3.61px"> </div>a change in </div><div id="a128451" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:222.9px;">assumption is not applicable.</div></div></div></div><div id="TextBlockContainer800" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:681px;height:29px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a128494" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Fair value of plan assets </div><div id="a128499" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.6px;">The tables below provide<div style="display:inline-block;width:5.08px"> </div>information about the composition<div style="display:inline-block;width:5.08px"> </div>and fair value of plan assets of<div style="display:inline-block;width:5.16px"> </div>the major pension plans.</div></div><div id="TextBlockContainer803" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:688px;height:526px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a128510" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Composition and fair value<div style="display:inline-block;width:4.16px"> </div>of plan assets </div><div id="a128527" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:3.679px;top:27.4px;">Swiss pension plan </div><div id="a128546" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:43.2px;">31.12.22 </div><div id="a128549" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:548.808px;top:43.2px;">31.12.21 </div><div id="a128553" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:268.195px;top:71.6px;">Fair value </div><div id="a128556" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:405.902px;top:59.8px;">Plan asset </div><div id="a128558" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:396.915px;top:71.6px;">allocation % </div><div id="a128561" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:508.582px;top:71.6px;">Fair value </div><div id="a128564" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:643.422px;top:59.8px;">Plan asset </div><div id="a128566" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:634.448px;top:71.6px;">allocation % </div><div id="a128568" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:107.1px;">USD m </div><div id="a128571" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:243.128px;top:83.9px;">Quoted </div><div id="a128573" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:228.435px;top:95.2px;">in an active </div><div id="a128575" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:244.542px;top:107.1px;">market </div><div id="a128577" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:293.755px;top:107.1px;">Other </div><div id="a128580" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:343.448px;top:107.1px;">Total </div><div id="a128585" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:483.488px;top:83.9px;">Quoted </div><div id="a128587" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.835px;top:95.2px;">in an active </div><div id="a128589" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:484.915px;top:107.1px;">market </div><div id="a128591" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:534.128px;top:107.1px;">Other </div><div id="a128594" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.808px;top:107.1px;">Total </div><div id="a128598" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:120.3px;">Cash and cash equivalents </div><div id="a128602_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:255.422px;top:120.3px;">326</div><div id="a128605_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:120.3px;">0</div><div id="a128609_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:346.755px;top:120.3px;">326</div><div id="a128613_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.062px;top:120.3px;">1</div><div id="a128617_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:495.822px;top:120.3px;">187</div><div id="a128620_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:120.3px;">0</div><div id="a128624_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.115px;top:120.3px;">187</div><div id="a128628_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.622px;top:120.3px;">1</div><div id="a128631" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:134.5px;">Real estate / property </div><div id="a128647" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:148.7px;">Domestic </div><div id="a128650_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:265.355px;top:148.7px;">0</div><div id="a128653_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:292.342px;top:148.7px;">3,783</div><div id="a128657_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:339.662px;top:148.7px;">3,783</div><div id="a128661_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:433.328px;top:148.7px;">13</div><div id="a128665_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.755px;top:148.7px;">0</div><div id="a128668_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.702px;top:148.7px;">3,530</div><div id="a128672_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.022px;top:148.7px;">3,530</div><div id="a128676_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.888px;top:148.7px;">10</div><div id="a128679" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:163.4px;">Foreign </div><div id="a128682_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:265.355px;top:163.4px;">0</div><div id="a128685_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:299.435px;top:163.4px;">919</div><div id="a128689_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:346.755px;top:163.4px;">919</div><div id="a128693_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.062px;top:163.4px;">3</div><div id="a128697_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.755px;top:163.4px;">0</div><div id="a128700_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:163.4px;">580</div><div id="a128704_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.115px;top:163.4px;">580</div><div id="a128708_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.622px;top:163.4px;">2</div><div id="a128711" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:177.6px;">Investment funds </div><div id="a128727" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:191.7px;">Equity<div style="display:inline-block;width:9.65px"> </div></div><div id="a128743" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:206.4px;">Domestic </div><div id="a128746_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:255.422px;top:206.4px;">743</div><div id="a128749_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:206.4px;">0</div><div id="a128753_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:346.755px;top:206.4px;">743</div><div id="a128757_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.062px;top:206.4px;">2</div><div id="a128761_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:495.822px;top:206.4px;">843</div><div id="a128764_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:206.4px;">0</div><div id="a128768_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.115px;top:206.4px;">843</div><div id="a128772_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.622px;top:206.4px;">2</div><div id="a128775" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:220.6px;">Foreign </div><div id="a128778_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:248.328px;top:220.6px;">4,964</div><div id="a128781_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:292.342px;top:220.6px;">2,171</div><div id="a128785_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:339.662px;top:220.6px;">7,134</div><div id="a128789_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:433.328px;top:220.6px;">24</div><div id="a128793_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:488.688px;top:220.6px;">6,213</div><div id="a128796_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.702px;top:220.6px;">2,652</div><div id="a128800_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.022px;top:220.6px;">8,865</div><div id="a128804_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.888px;top:220.6px;">26</div><div id="a128807" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:234.8px;">Bonds</div><div id="a128808" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:35.395px;top:235.5px;">1</div><div id="a128824" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:249.5px;">Domestic, AAA to BBB– </div><div id="a128828_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:248.328px;top:249.5px;">3,760</div><div id="a128831_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:249.5px;">0</div><div id="a128835_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:339.662px;top:249.5px;">3,760</div><div id="a128839_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:433.328px;top:249.5px;">12</div><div id="a128843_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:488.688px;top:249.5px;">4,446</div><div id="a128846_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:249.5px;">0</div><div id="a128850_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.022px;top:249.5px;">4,446</div><div id="a128854_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.888px;top:249.5px;">13</div><div id="a128857" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:263.7px;">Foreign, AAA<div style="display:inline-block;width:3.74px"> </div>to BBB– </div><div id="a128861_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:248.328px;top:263.7px;">6,031</div><div id="a128864_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:263.7px;">0</div><div id="a128868_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:339.662px;top:263.7px;">6,031</div><div id="a128872_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:433.328px;top:263.7px;">20</div><div id="a128876_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:488.688px;top:263.7px;">5,093</div><div id="a128879_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:263.7px;">0</div><div id="a128883_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.022px;top:263.7px;">5,093</div><div id="a128887_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.888px;top:263.7px;">15</div><div id="a128890" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:277.9px;">Foreign, below BBB– </div><div id="a128894_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:248.328px;top:277.9px;">1,062</div><div id="a128897_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:277.9px;">0</div><div id="a128901_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:339.662px;top:277.9px;">1,062</div><div id="a128905_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.062px;top:277.9px;">4</div><div id="a128909_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:488.688px;top:277.9px;">1,314</div><div id="a128912_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:277.9px;">0</div><div id="a128916_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.022px;top:277.9px;">1,314</div><div id="a128920_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.622px;top:277.9px;">4</div><div id="a128923" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:292.1px;">Other </div><div id="a128926_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:248.328px;top:292.1px;">1,540</div><div id="a128929_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:292.342px;top:292.1px;">3,547</div><div id="a128933_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:339.662px;top:292.1px;">5,086</div><div id="a128937_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:433.328px;top:292.1px;">17</div><div id="a128941_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:488.688px;top:292.1px;">4,211</div><div id="a128944_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.702px;top:292.1px;">3,558</div><div id="a128948_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.022px;top:292.1px;">7,769</div><div id="a128952_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.888px;top:292.1px;">23</div><div id="a128955" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:306.7px;">Other investments </div><div id="a128958_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:255.422px;top:306.7px;">624</div><div id="a128961_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:299.435px;top:306.7px;">651</div><div id="a128965_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:339.662px;top:306.7px;">1,275</div><div id="a128969_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.062px;top:306.7px;">4</div><div id="a128973_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:495.822px;top:306.7px;">668</div><div id="a128976_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:306.7px;">682</div><div id="a128980_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.022px;top:306.7px;">1,349</div><div id="a128984_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.622px;top:306.7px;">4</div><div id="a128987" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:320.9px;">Total fair value of plan<div style="display:inline-block;width:4.01px"> </div>assets </div><div id="a128990_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:243.595px;top:320.9px;">19,049</div><div id="a128993_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:287.608px;top:320.9px;">11,071</div><div id="a128997_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:334.902px;top:320.9px;">30,119</div><div id="a129001_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:428.128px;top:320.9px;">100</div><div id="a129005_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:483.968px;top:320.9px;">22,973</div><div id="a129008_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:527.982px;top:320.9px;">11,002</div><div id="a129012_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.302px;top:320.9px;">33,975</div><div id="a129016_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.688px;top:320.9px;">100</div><div id="a129039" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:327.808px;top:347.9px;">31.12.22 </div><div id="a129047" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.208px;top:347.9px;">31.12.21 </div><div id="a129051" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:362.5px;">Total fair value of plan<div style="display:inline-block;width:4.01px"> </div>assets </div><div id="a129057_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:334.902px;top:362.5px;">30,119</div><div id="a129066_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.302px;top:362.5px;">33,975</div><div id="a129071" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:376.3px;">of which:</div><div id="a129072" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:37.287px;top:376.9px;">2</div><div id="a129088" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:390.5px;">Bank accounts at UBS<div style="display:inline-block;width:3.17px"> </div></div><div id="a129094_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:346.755px;top:390.5px;">337</div><div id="a129103_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:587.115px;top:390.5px;">194</div><div id="a129108" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:405.1px;">UBS debt instruments </div><div id="a129114_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:351.955px;top:405.1px;">50</div><div id="a129123_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:592.328px;top:405.1px;">28</div><div id="a129128" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:419.3px;">UBS shares </div><div id="a129134_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:351.955px;top:419.3px;">27</div><div id="a129143_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:592.328px;top:419.3px;">25</div><div id="a129148" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:433.5px;">Securities lent to UBS</div><div id="a129149" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:90.288px;top:434.1px;">3</div><div id="a129155_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:346.755px;top:433.5px;">871</div><div id="a129164_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:580.022px;top:433.5px;">1,079</div><div id="a129169" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:448.2px;">Property occupied by UBS </div><div id="a129175_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:351.955px;top:448.2px;">90</div><div id="a129184_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:592.328px;top:448.2px;">93</div><div id="a129189" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:462.4px;">Derivative financial instruments, counterparty<div style="display:inline-block;width:4.39px"> </div>UBS</div><div id="a129190" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:194.862px;top:463px;">3</div><div id="a129196_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:351.955px;top:462.4px;">76</div><div id="a129205_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:587.115px;top:462.4px;">128</div><div id="a129210" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:476.9px;">1 The bond credit<div style="display:inline-block;width:3.65px"> </div>ratings are primarily<div style="display:inline-block;width:4.26px"> </div>based on S&amp;P’s credit<div style="display:inline-block;width:3.95px"> </div>ratings. Ratings<div style="display:inline-block;width:3.79px"> </div>AAA to BBB<div style="display:inline-block;width:1.6px"> </div>–<div style="display:inline-block;width:1.89px"> </div>and below<div style="display:inline-block;width:3.47px"> </div>BBB– represent investment<div style="display:inline-block;width:4.28px"> </div>grade and non-investment<div style="display:inline-block;width:3.85px"> </div>grade ratings,<div style="display:inline-block;width:3.63px"> </div>respectively.<div style="display:inline-block;width:3.43px"> </div>In cases where<div style="display:inline-block;width:3.65px"> </div>credit ratings </div><div id="a129221" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:486.9px;">from other rating<div style="display:inline-block;width:3.61px"> </div>agencies were<div style="display:inline-block;width:3.8px"> </div>used, these were<div style="display:inline-block;width:3.96px"> </div>converted to<div style="display:inline-block;width:3.45px"> </div>the equivalent<div style="display:inline-block;width:3.93px"> </div>rating in S&amp;P’s<div style="display:inline-block;width:4.42px"> </div>rating classification.<div style="display:inline-block;width:11.51px"> </div>2 Bank<div style="display:inline-block;width:3.59px"> </div>accounts at UBS<div style="display:inline-block;width:3.64px"> </div>encompass accounts<div style="display:inline-block;width:3.62px"> </div>in the<div style="display:inline-block;width:3.63px"> </div>name of the Swiss<div style="display:inline-block;width:4.26px"> </div>pension fund.<div style="display:inline-block;width:3.63px"> </div>The other </div><div id="a129224" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:496.8px;">positions disclosed in the table encompass both<div style="display:inline-block;width:3.48px"> </div>direct investments in UBS instruments<div style="display:inline-block;width:3.45px"> </div>and indirect investments, i.e., those<div style="display:inline-block;width:3.79px"> </div>made through funds that the pension<div style="display:inline-block;width:3.59px"> </div>fund invests in.<div style="display:inline-block;width:8.04px"> </div>3 Securities lent to UBS and derivative </div><div id="a129227" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:507.2px;">financial instruments<div style="display:inline-block;width:3.47px"> </div>are presented<div style="display:inline-block;width:4.11px"> </div>gross of any co<div style="display:inline-block;width:1.83px"> </div>llateral. Securities<div style="display:inline-block;width:3.94px"> </div>lent to UBS<div style="display:inline-block;width:3.94px"> </div>were fully<div style="display:inline-block;width:3.63px"> </div>covered by collateral<div style="display:inline-block;width:4.4px"> </div>as of 31<div style="display:inline-block;width:3.66px"> </div>December 2022<div style="display:inline-block;width:3.67px"> </div>and 31 December<div style="display:inline-block;width:3.82px"> </div>2021. Net<div style="display:inline-block;width:3.53px"> </div>of collateral,<div style="display:inline-block;width:4.03px"> </div>derivative financial<div style="display:inline-block;width:4.24px"> </div>instruments </div><div id="a129230" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:517.1px;">amounted to negative USD </div><div id="a129230_25_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:90.22px;top:517.1px;">8</div><div id="a129230_26_57" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:94.476px;top:517.1px;">m as of 31 December 2022<div style="display:inline-block;width:3.55px"> </div>(31 December 2021:<div style="display:inline-block;width:3.4px"> </div>positive USD </div><div id="a129230_83_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:291.204px;top:517.1px;">43</div><div id="a129230_85_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:299.716px;top:517.1px;">m).</div></div><div id="TextBlockContainer808" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:688px;height:440px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_806_XBRL_TS_ad622d769f06475883b3c33c0527696a" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer807" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:688px;height:440px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a129273" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Composition and fair value<div style="display:inline-block;width:4.16px"> </div>of plan assets (continued) </div><div id="a129290" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:3.679px;top:27.5px;">UK pension plan </div><div id="a129309" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:42.8px;">31.12.22 </div><div id="a129312" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:548.808px;top:42.8px;">31.12.21 </div><div id="a129316" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:268.195px;top:71.1px;">Fair value </div><div id="a129319" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:405.902px;top:59.8px;">Plan asset </div><div id="a129321" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:396.915px;top:71.1px;">allocation % </div><div id="a129324" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:508.582px;top:71.1px;">Fair value </div><div id="a129327" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:643.422px;top:59.8px;">Plan asset </div><div id="a129329" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:634.448px;top:71.1px;">allocation % </div><div id="a129331" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:107.1px;">USD m </div><div id="a129334" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:243.128px;top:83.9px;">Quoted </div><div id="a129336" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:228.435px;top:95.2px;">in an active </div><div id="a129338" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:244.542px;top:107.1px;">market </div><div id="a129340" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:293.755px;top:107.1px;">Other </div><div id="a129343" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:343.448px;top:107.1px;">Total </div><div id="a129348" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:483.488px;top:83.9px;">Quoted </div><div id="a129350" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.835px;top:95.2px;">in an active </div><div id="a129352" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:484.915px;top:107.1px;">market </div><div id="a129354" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:534.128px;top:107.1px;">Other </div><div id="a129357" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.808px;top:107.1px;">Total </div><div id="a129361" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:119.9px;">Cash and cash equivalents </div><div id="a129365_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:255.422px;top:119.9px;">104</div><div id="a129368_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:119.9px;">0</div><div id="a129372_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:346.755px;top:119.9px;">104</div><div id="a129376_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.062px;top:119.9px;">4</div><div id="a129380_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:495.822px;top:119.9px;">147</div><div id="a129383_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:119.9px;">0</div><div id="a129387_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.115px;top:119.9px;">147</div><div id="a129391_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.622px;top:119.9px;">3</div><div id="a129394" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:134.5px;">Bonds</div><div id="a129395" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:26.411px;top:135.2px;">1</div><div id="a129411" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:148.7px;">Domestic, AAA to BBB– </div><div id="a129415_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:248.328px;top:148.7px;">1,729</div><div id="a129418_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:148.7px;">0</div><div id="a129422_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:339.662px;top:148.7px;">1,729</div><div id="a129426_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:433.328px;top:148.7px;">69</div><div id="a129430_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:488.688px;top:148.7px;">2,605</div><div id="a129433_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:148.7px;">0</div><div id="a129437_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.022px;top:148.7px;">2,605</div><div id="a129441_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.888px;top:148.7px;">61</div><div id="a129444" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:162.9px;">Foreign, AAA<div style="display:inline-block;width:3.74px"> </div>to BBB– </div><div id="a129448_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:255.422px;top:162.9px;">297</div><div id="a129451_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:162.9px;">0</div><div id="a129455_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:346.755px;top:162.9px;">297</div><div id="a129459_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:433.328px;top:162.9px;">12</div><div id="a129463_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:495.822px;top:162.9px;">372</div><div id="a129466_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:162.9px;">0</div><div id="a129470_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.115px;top:162.9px;">372</div><div id="a129474_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.622px;top:162.9px;">9</div><div id="a129477" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:177.6px;">Foreign, below BBB– </div><div id="a129481_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:265.355px;top:177.6px;">7</div><div id="a129484_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:177.6px;">0</div><div id="a129488_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:356.688px;top:177.6px;">7</div><div id="a129492_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.062px;top:177.6px;">0</div><div id="a129496_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.755px;top:177.6px;">4</div><div id="a129499_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:177.6px;">0</div><div id="a129503_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.048px;top:177.6px;">4</div><div id="a129507_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.622px;top:177.6px;">0</div><div id="a129510" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:191.8px;">Investment funds </div><div id="a129526" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:206px;">Equity<div style="display:inline-block;width:9.65px"> </div></div><div id="a129542" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:220.6px;">Domestic </div><div id="a129545_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:260.622px;top:220.6px;">19</div><div id="a129548_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:220.6px;">3</div><div id="a129552_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:351.955px;top:220.6px;">22</div><div id="a129556_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.062px;top:220.6px;">1</div><div id="a129560_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.022px;top:220.6px;">44</div><div id="a129563_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:220.6px;">4</div><div id="a129567_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.328px;top:220.6px;">47</div><div id="a129571_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.622px;top:220.6px;">1</div><div id="a129574" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:234.8px;">Foreign </div><div id="a129577_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:255.422px;top:234.8px;">366</div><div id="a129580_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:234.8px;">0</div><div id="a129584_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:346.755px;top:234.8px;">366</div><div id="a129588_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:433.328px;top:234.8px;">15</div><div id="a129592_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:495.822px;top:234.8px;">921</div><div id="a129595_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:234.8px;">0</div><div id="a129599_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.115px;top:234.8px;">921</div><div id="a129603_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.888px;top:234.8px;">21</div><div id="a129606" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:249px;">Bonds</div><div id="a129607" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:35.395px;top:249.6px;">1</div><div id="a129623" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:263.7px;">Domestic, AAA to BBB– </div><div id="a129627_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:255.422px;top:263.7px;">367</div><div id="a129630_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:304.635px;top:263.7px;">90</div><div id="a129634_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:346.755px;top:263.7px;">457</div><div id="a129638_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:433.328px;top:263.7px;">18</div><div id="a129642_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:495.822px;top:263.7px;">532</div><div id="a129645_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:263.7px;">147</div><div id="a129649_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.115px;top:263.7px;">679</div><div id="a129653_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.888px;top:263.7px;">16</div><div id="a129656" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:277.9px;">Domestic, below BBB– </div><div id="a129660_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:265.355px;top:277.9px;">1</div><div id="a129663_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:277.9px;">0</div><div id="a129667_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:356.688px;top:277.9px;">1</div><div id="a129671_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.062px;top:277.9px;">0</div><div id="a129675_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.022px;top:277.9px;">12</div><div id="a129678_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:277.9px;">0</div><div id="a129682_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.328px;top:277.9px;">12</div><div id="a129686_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.622px;top:277.9px;">0</div><div id="a129689" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:292.1px;">Foreign, AAA<div style="display:inline-block;width:3.74px"> </div>to BBB– </div><div id="a129693_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:260.622px;top:292.1px;">90</div><div id="a129696_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:292.1px;">0</div><div id="a129700_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:351.955px;top:292.1px;">90</div><div id="a129704_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.062px;top:292.1px;">4</div><div id="a129708_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:495.822px;top:292.1px;">179</div><div id="a129711_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:292.1px;">0</div><div id="a129715_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.115px;top:292.1px;">179</div><div id="a129719_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.622px;top:292.1px;">4</div><div id="a129722" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:306.3px;">Foreign, below BBB– </div><div id="a129726_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:255.422px;top:306.3px;">114</div><div id="a129729_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:306.3px;">0</div><div id="a129733_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:346.755px;top:306.3px;">114</div><div id="a129737_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.062px;top:306.3px;">5</div><div id="a129741_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:495.822px;top:306.3px;">115</div><div id="a129744_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:306.3px;">0</div><div id="a129748_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.115px;top:306.3px;">115</div><div id="a129752_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.622px;top:306.3px;">3</div><div id="a129755" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:320.9px;">Real estate </div><div id="a129771" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:335.1px;">Domestic </div><div id="a129774_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:260.622px;top:335.1px;">64</div><div id="a129777_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:335.1px;">0</div><div id="a129781_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:351.955px;top:335.1px;">64</div><div id="a129785_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.062px;top:335.1px;">3</div><div id="a129789_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:495.822px;top:335.1px;">110</div><div id="a129792_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.995px;top:335.1px;">12</div><div id="a129796_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.115px;top:335.1px;">122</div><div id="a129800_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.622px;top:335.1px;">3</div><div id="a129803" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:349.3px;">Foreign </div><div id="a129806_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:265.355px;top:349.3px;">6</div><div id="a129809_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:304.635px;top:349.3px;">31</div><div id="a129813_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:351.955px;top:349.3px;">36</div><div id="a129817_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.062px;top:349.3px;">1</div><div id="a129821_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.755px;top:349.3px;">6</div><div id="a129824_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.995px;top:349.3px;">34</div><div id="a129828_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.328px;top:349.3px;">40</div><div id="a129832_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.622px;top:349.3px;">1</div><div id="a129835" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:364px;">Other </div><div id="a129838_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:250.688px;top:364px;display:flex;">(280)</div><div id="a129841_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:364px;">0</div><div id="a129845_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:364px;display:flex;">(280)</div><div id="a129849_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:428.595px;top:364px;display:flex;">(11)</div><div id="a129853_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:364px;display:flex;">(313)</div><div id="a129856_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:364px;">0</div><div id="a129860_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.395px;top:364px;display:flex;">(313)</div><div id="a129864_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.408px;top:364px;display:flex;">(7)</div><div id="a129867" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:378.2px;">Repurchase agreements </div><div id="a129870_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:250.688px;top:378.2px;display:flex;">(612)</div><div id="a129873_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:378.2px;">0</div><div id="a129877_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:378.2px;display:flex;">(612)</div><div id="a129881_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:428.595px;top:378.2px;display:flex;">(25)</div><div id="a129885_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:378.2px;display:flex;">(725)</div><div id="a129888_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:378.2px;">0</div><div id="a129892_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.395px;top:378.2px;display:flex;">(725)</div><div id="a129896_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.688px;top:378.2px;display:flex;">(17)</div><div id="a129899" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:392.4px;">Other investments </div><div id="a129902_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:260.622px;top:392.4px;">66</div><div id="a129905_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:304.635px;top:392.4px;">27</div><div id="a129909_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:351.955px;top:392.4px;">94</div><div id="a129913_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.062px;top:392.4px;">4</div><div id="a129917_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.022px;top:392.4px;">65</div><div id="a129920_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.995px;top:392.4px;">26</div><div id="a129924_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.328px;top:392.4px;">91</div><div id="a129928_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.622px;top:392.4px;">2</div><div id="a129931" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:407px;">Total fair value of plan<div style="display:inline-block;width:4.01px"> </div>assets </div><div id="a129934_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:248.328px;top:407px;">2,336</div><div id="a129937_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:299.435px;top:407px;">151</div><div id="a129941_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:339.662px;top:407px;">2,488</div><div id="a129945_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:428.128px;top:407px;">100</div><div id="a129949_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:488.688px;top:407px;">4,074</div><div id="a129952_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:407px;">223</div><div id="a129956_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.022px;top:407px;">4,297</div><div id="a129960_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.688px;top:407px;">100</div><div id="a129963" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:421.1px;">1 The bond credit<div style="display:inline-block;width:3.65px"> </div>ratings are primarily<div style="display:inline-block;width:4.26px"> </div>based on S&amp;P’s credit<div style="display:inline-block;width:3.95px"> </div>ratings. Ratings<div style="display:inline-block;width:3.79px"> </div>AAA to BBB<div style="display:inline-block;width:1.6px"> </div>–<div style="display:inline-block;width:1.89px"> </div>and below<div style="display:inline-block;width:3.47px"> </div>BBB– represent investment<div style="display:inline-block;width:4.28px"> </div>grade and non-investment<div style="display:inline-block;width:3.85px"> </div>grade ratings,<div style="display:inline-block;width:3.63px"> </div>respectively. In<div style="display:inline-block;width:3.53px"> </div>cases where<div style="display:inline-block;width:3.48px"> </div>credit ratings </div><div id="a129973" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:431.5px;">from other rating agencies were<div style="display:inline-block;width:3.95px"> </div>used, these were converted to<div style="display:inline-block;width:3.47px"> </div>the equivalent rating in<div style="display:inline-block;width:3.62px"> </div>S&amp;P’s rating<div style="display:inline-block;width:3.63px"> </div>classification.</div></div></div></div><div id="TextBlockContainer811" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:688px;height:441px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a129976" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">US and German pension<div style="display:inline-block;width:4.24px"> </div>plans </div><div id="a129994" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:15.3px;">31.12.22 </div><div id="a129997" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:548.808px;top:15.3px;">31.12.21 </div><div id="a130001" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:268.195px;top:43.7px;">Fair value </div><div id="a130004" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.902px;top:30.9px;">Plan asset </div><div id="a130006" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.915px;top:42.8px;">allocation % </div><div id="a130009" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:508.582px;top:43.7px;">Fair value </div><div id="a130012" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:643.422px;top:32.3px;">Plan asset </div><div id="a130015" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:634.448px;top:43.7px;">allocation % </div><div id="a130017" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:79.6px;">USD m </div><div id="a130020" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:243.128px;top:56px;">Quoted </div><div id="a130022" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:228.435px;top:67.8px;">in an active </div><div id="a130024" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.542px;top:79.6px;">market </div><div id="a130026" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:293.755px;top:79.6px;">Other </div><div id="a130029" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:343.448px;top:79.6px;">Total </div><div id="a130034" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:483.488px;top:56px;">Quoted </div><div id="a130036" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:468.835px;top:67.8px;">in an active </div><div id="a130038" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:484.915px;top:79.6px;">market </div><div id="a130040" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:534.128px;top:79.6px;">Other </div><div id="a130043" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:583.808px;top:79.6px;">Total </div><div id="a130047" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:92.4px;">Cash and cash equivalents </div><div id="a130051_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:265.355px;top:92.4px;">7</div><div id="a130054_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:92.4px;">0</div><div id="a130058_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:92.4px;">7</div><div id="a130062_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.062px;top:92.4px;">1</div><div id="a130066_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.022px;top:92.4px;">11</div><div id="a130069_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:549.755px;top:92.4px;">0</div><div id="a130073_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:592.328px;top:92.4px;">11</div><div id="a130077_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:675.622px;top:92.4px;">1</div><div id="a130080" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:107.1px;">Equity </div><div id="a130096" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:121.3px;">Domestic </div><div id="a130099_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:260.622px;top:121.3px;">55</div><div id="a130102_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:121.3px;">0</div><div id="a130106_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:351.955px;top:121.3px;">55</div><div id="a130110_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.062px;top:121.3px;">5</div><div id="a130114_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.022px;top:121.3px;">79</div><div id="a130117_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:549.755px;top:121.3px;">0</div><div id="a130121_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:592.328px;top:121.3px;">79</div><div id="a130125_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:675.622px;top:121.3px;">6</div><div id="a130128" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:135.5px;">Foreign </div><div id="a130131_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:260.622px;top:135.5px;">24</div><div id="a130134_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:135.5px;">0</div><div id="a130138_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:351.955px;top:135.5px;">24</div><div id="a130142_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.062px;top:135.5px;">2</div><div id="a130146_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.022px;top:135.5px;">31</div><div id="a130149_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:549.755px;top:135.5px;">0</div><div id="a130153_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:592.328px;top:135.5px;">31</div><div id="a130157_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:675.622px;top:135.5px;">2</div><div id="a130160" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:150.1px;">Bonds</div><div id="a130161" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:26.411px;top:150.8px;">1</div><div id="a130177" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:164.3px;">Domestic, AAA to BBB– </div><div id="a130181_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:255.422px;top:164.3px;">359</div><div id="a130184_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:164.3px;">0</div><div id="a130188_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:346.755px;top:164.3px;">359</div><div id="a130192_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:433.328px;top:164.3px;">35</div><div id="a130196_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:495.822px;top:164.3px;">486</div><div id="a130199_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:549.755px;top:164.3px;">0</div><div id="a130203_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:587.115px;top:164.3px;">486</div><div id="a130207_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:670.888px;top:164.3px;">37</div><div id="a130210" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:178.5px;">Domestic, below BBB– </div><div id="a130214_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:265.355px;top:178.5px;">4</div><div id="a130217_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:178.5px;">0</div><div id="a130221_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:178.5px;">4</div><div id="a130225_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.062px;top:178.5px;">0</div><div id="a130229_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.022px;top:178.5px;">17</div><div id="a130232_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:549.755px;top:178.5px;">0</div><div id="a130236_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:592.328px;top:178.5px;">17</div><div id="a130240_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:675.622px;top:178.5px;">1</div><div id="a130243" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:193.2px;">Foreign, AAA<div style="display:inline-block;width:3.74px"> </div>to BBB– </div><div id="a130247_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:260.622px;top:193.2px;">74</div><div id="a130250_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:193.2px;">0</div><div id="a130254_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:351.955px;top:193.2px;">74</div><div id="a130258_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.062px;top:193.2px;">7</div><div id="a130262_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.022px;top:193.2px;">97</div><div id="a130265_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:549.755px;top:193.2px;">0</div><div id="a130269_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:592.328px;top:193.2px;">97</div><div id="a130273_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:675.622px;top:193.2px;">7</div><div id="a130276" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:207.4px;">Foreign, below BBB– </div><div id="a130280_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:265.355px;top:207.4px;">3</div><div id="a130283_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:207.4px;">0</div><div id="a130287_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:207.4px;">3</div><div id="a130291_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.062px;top:207.4px;">0</div><div id="a130295_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:505.755px;top:207.4px;">6</div><div id="a130298_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:549.755px;top:207.4px;">0</div><div id="a130302_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:597.048px;top:207.4px;">6</div><div id="a130306_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:675.622px;top:207.4px;">0</div><div id="a130309" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:221.6px;">Investment funds </div><div id="a130325" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:236.2px;">Equity<div style="display:inline-block;width:9.65px"> </div></div><div id="a130341" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.682px;top:250.4px;">Domestic </div><div id="a130344_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:260.622px;top:250.4px;">27</div><div id="a130347_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:250.4px;">0</div><div id="a130351_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:351.955px;top:250.4px;">27</div><div id="a130355_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.062px;top:250.4px;">3</div><div id="a130359_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:505.755px;top:250.4px;">3</div><div id="a130362_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:549.755px;top:250.4px;">0</div><div id="a130366_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:597.048px;top:250.4px;">3</div><div id="a130370_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:675.622px;top:250.4px;">0</div><div id="a130373" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.682px;top:264.6px;">Foreign </div><div id="a130376_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:260.622px;top:264.6px;">33</div><div id="a130379_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:264.6px;">0</div><div id="a130383_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:351.955px;top:264.6px;">33</div><div id="a130387_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.062px;top:264.6px;">3</div><div id="a130391_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.022px;top:264.6px;">56</div><div id="a130394_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:549.755px;top:264.6px;">0</div><div id="a130398_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:592.328px;top:264.6px;">56</div><div id="a130402_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:675.622px;top:264.6px;">4</div><div id="a130405" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:278.8px;">Bonds</div><div id="a130406" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:35.395px;top:279.5px;">1</div><div id="a130422" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.682px;top:293.5px;">Domestic, AAA to BBB– </div><div id="a130426_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:255.422px;top:293.5px;">266</div><div id="a130429_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:293.5px;">0</div><div id="a130433_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:346.755px;top:293.5px;">266</div><div id="a130437_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:433.328px;top:293.5px;">26</div><div id="a130441_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:495.822px;top:293.5px;">269</div><div id="a130444_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:549.755px;top:293.5px;">0</div><div id="a130448_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:587.115px;top:293.5px;">269</div><div id="a130452_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:670.888px;top:293.5px;">20</div><div id="a130455" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.682px;top:307.7px;">Domestic, below BBB– </div><div id="a130459_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:255.422px;top:307.7px;">109</div><div id="a130462_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:307.7px;">0</div><div id="a130466_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:346.755px;top:307.7px;">109</div><div id="a130470_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:433.328px;top:307.7px;">10</div><div id="a130474_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:495.822px;top:307.7px;">147</div><div id="a130477_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:549.755px;top:307.7px;">0</div><div id="a130481_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:587.115px;top:307.7px;">147</div><div id="a130485_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:670.888px;top:307.7px;">11</div><div id="a130488" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.682px;top:321.9px;">Foreign, AAA<div style="display:inline-block;width:3.74px"> </div>to BBB– </div><div id="a130492_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:265.355px;top:321.9px;">2</div><div id="a130495_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:321.9px;">0</div><div id="a130499_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:321.9px;">2</div><div id="a130503_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.062px;top:321.9px;">0</div><div id="a130507_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.022px;top:321.9px;">11</div><div id="a130510_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:549.755px;top:321.9px;">0</div><div id="a130514_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:592.328px;top:321.9px;">11</div><div id="a130518_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:675.622px;top:321.9px;">1</div><div id="a130521" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.682px;top:336.6px;">Foreign, below BBB– </div><div id="a130525_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:265.355px;top:336.6px;">5</div><div id="a130528_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:336.6px;">0</div><div id="a130532_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:336.6px;">5</div><div id="a130536_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.062px;top:336.6px;">0</div><div id="a130540_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:505.755px;top:336.6px;">2</div><div id="a130543_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:549.755px;top:336.6px;">0</div><div id="a130547_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:597.048px;top:336.6px;">2</div><div id="a130551_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:675.622px;top:336.6px;">0</div><div id="a130554" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:350.7px;">Real estate </div><div id="a130570" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.682px;top:364.9px;">Domestic </div><div id="a130573_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:265.355px;top:364.9px;">0</div><div id="a130576_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:304.635px;top:364.9px;">11</div><div id="a130580_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:351.955px;top:364.9px;">11</div><div id="a130584_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.062px;top:364.9px;">1</div><div id="a130588_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:505.755px;top:364.9px;">0</div><div id="a130591_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:549.755px;top:364.9px;">9</div><div id="a130595_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:597.048px;top:364.9px;">9</div><div id="a130599_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:675.622px;top:364.9px;">1</div><div id="a130602" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:379.6px;">Other </div><div id="a130605_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:260.622px;top:379.6px;">54</div><div id="a130608_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:379.6px;">0</div><div id="a130612_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:351.955px;top:379.6px;">54</div><div id="a130616_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.062px;top:379.6px;">5</div><div id="a130620_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.022px;top:379.6px;">99</div><div id="a130623_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:549.755px;top:379.6px;">0</div><div id="a130627_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:592.328px;top:379.6px;">99</div><div id="a130631_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:675.622px;top:379.6px;">7</div><div id="a130634" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:393.8px;">Other investments </div><div id="a130637_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:265.355px;top:393.8px;">5</div><div id="a130640_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:393.8px;">1</div><div id="a130644_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:393.8px;">6</div><div id="a130648_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.062px;top:393.8px;">1</div><div id="a130652_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:505.755px;top:393.8px;">5</div><div id="a130655_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:549.755px;top:393.8px;">1</div><div id="a130659_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:597.048px;top:393.8px;">6</div><div id="a130663_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:675.622px;top:393.8px;">0</div><div id="a130666" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:408px;">Total fair value of plan<div style="display:inline-block;width:4.01px"> </div>assets </div><div id="a130669_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:248.328px;top:408px;">1,027</div><div id="a130672_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:304.635px;top:408px;">12</div><div id="a130676_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:339.662px;top:408px;">1,039</div><div id="a130680_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:428.128px;top:408px;">100</div><div id="a130684_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:488.688px;top:408px;">1,319</div><div id="a130687_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:544.995px;top:408px;">10</div><div id="a130691_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:580.022px;top:408px;">1,329</div><div id="a130695_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:665.688px;top:408px;">100</div><div id="a130698" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:422.5px;">1 The bond credit<div style="display:inline-block;width:3.65px"> </div>ratings are primarily<div style="display:inline-block;width:4.26px"> </div>based on S&amp;P’s credit<div style="display:inline-block;width:3.95px"> </div>ratings. Ratings<div style="display:inline-block;width:3.79px"> </div>AAA to BBB<div style="display:inline-block;width:1.6px"> </div>–<div style="display:inline-block;width:1.89px"> </div>and below<div style="display:inline-block;width:3.47px"> </div>BBB– represent investment<div style="display:inline-block;width:4.28px"> </div>grade and non-investment<div style="display:inline-block;width:3.85px"> </div>grade ratings,<div style="display:inline-block;width:3.63px"> </div>respectively. In<div style="display:inline-block;width:3.53px"> </div>cases where<div style="display:inline-block;width:3.48px"> </div>credit ratings </div><div id="a130708" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:432.5px;">from other rating agencies were<div style="display:inline-block;width:3.95px"> </div>used, these were converted to<div style="display:inline-block;width:3.47px"> </div>the equivalent rating in<div style="display:inline-block;width:3.62px"> </div>S&amp;P’s rating<div style="display:inline-block;width:3.63px"> </div>classification.</div></div><div id="TextBlockContainer814" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:100px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a130751" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">b) Defined contribution plans </div><div id="a130754" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.3px;">UBS<div style="display:inline-block;width:6.03px"> </div>sponsors<div style="display:inline-block;width:5.53px"> </div>a<div style="display:inline-block;width:5.67px"> </div>number<div style="display:inline-block;width:5.5px"> </div>of<div style="display:inline-block;width:5.25px"> </div>defined<div style="display:inline-block;width:6.15px"> </div>contribution<div style="display:inline-block;width:6.02px"> </div>plans,<div style="display:inline-block;width:5.66px"> </div>with<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.72px"> </div>most<div style="display:inline-block;width:5.74px"> </div>significant<div style="display:inline-block;width:5.51px"> </div>plans<div style="display:inline-block;width:5.62px"> </div>in<div style="display:inline-block;width:5.77px"> </div>the<div style="display:inline-block;width:5.25px"> </div>US<div style="display:inline-block;width:5.83px"> </div>and<div style="display:inline-block;width:5.13px"> </div>the<div style="display:inline-block;width:5.72px"> </div>UK.<div style="display:inline-block;width:5.47px"> </div>UBS’s </div><div id="a130763" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.4px;">obligation is limited to its contributions<div style="display:inline-block;width:5.55px"> </div>made in accordance with<div style="display:inline-block;width:5.07px"> </div>each plan, which<div style="display:inline-block;width:5.11px"> </div>may include direct contributions<div style="display:inline-block;width:5.26px"> </div>and </div><div id="a130768" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:58px;">matching<div style="display:inline-block;width:5.2px"> </div>contributions.<div style="display:inline-block;width:5.32px"> </div>Employer contributions<div style="display:inline-block;width:6.44px"> </div>to defin<div style="display:inline-block;width:1.35px"> </div>ed contribution<div style="display:inline-block;width:6.32px"> </div>plans<div style="display:inline-block;width:5.08px"> </div>are recognized<div style="display:inline-block;width:6.25px"> </div>as an<div style="display:inline-block;width:6.03px"> </div>expense<div style="display:inline-block;width:5.17px"> </div>and<div style="display:inline-block;width:5.13px"> </div>were </div><div id="a130773" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:73.2px;">USD </div><div id="a130773_4_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:33.312px;top:73.2px;">357</div><div id="a130773_7_15" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:56.011px;top:73.2px;">m in 2022, USD </div><div id="a130773_22_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:149.711px;top:73.2px;">363</div><div id="a130773_25_18" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:172.411px;top:73.2px;">m in 2021 and USD </div><div id="a130773_43_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:287.858px;top:73.2px;">343</div><div id="a130773_46_11" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:310.085px;top:73.2px;">m in 2020. </div><div id="a130786" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:84.9px;">›</div><div id="a130787" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:85.1px;"> </div><div id="a130788" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:89.7px;">Refer to Note 6 for<div style="display:inline-block;width:1.34px"> </div>more information</div></div><div id="TextBlockContainer816" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:146px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a130793" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">c) Related-party disclosure </div><div id="a130800" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.3px;">UBS<div style="display:inline-block;width:5.56px"> </div>is<div style="display:inline-block;width:5.15px"> </div>the<div style="display:inline-block;width:5.25px"> </div>principal<div style="display:inline-block;width:5.14px"> </div>provider<div style="display:inline-block;width:5.43px"> </div>of<div style="display:inline-block;width:5.25px"> </div>banking<div style="display:inline-block;width:5.91px"> </div>services<div style="display:inline-block;width:5.11px"> </div>for<div style="display:inline-block;width:5.57px"> </div>the<div style="display:inline-block;width:5.25px"> </div>pension<div style="display:inline-block;width:5.96px"> </div>fund<div style="display:inline-block;width:5.18px"> </div>of<div style="display:inline-block;width:5.25px"> </div>UBS<div style="display:inline-block;width:5.56px"> </div>in<div style="display:inline-block;width:5.3px"> </div>Switzerland.<div style="display:inline-block;width:5.1px"> </div>In<div style="display:inline-block;width:5.3px"> </div>this<div style="display:inline-block;width:5.2px"> </div>capacity,<div style="display:inline-block;width:6.33px"> </div>UBS<div style="display:inline-block;width:5.56px"> </div>is </div><div id="a130801" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.9px;">engaged<div style="display:inline-block;width:5.54px"> </div>to execute<div style="display:inline-block;width:5.47px"> </div>most of<div style="display:inline-block;width:5.77px"> </div>the pension<div style="display:inline-block;width:6.58px"> </div>fund’s banking<div style="display:inline-block;width:6.14px"> </div>activities. These<div style="display:inline-block;width:5.63px"> </div>activities can<div style="display:inline-block;width:6.22px"> </div>include,<div style="display:inline-block;width:5.03px"> </div>but are<div style="display:inline-block;width:6.12px"> </div>not limited<div style="display:inline-block;width:5.61px"> </div>to, </div><div id="a130802" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:58px;">trading, securities<div style="display:inline-block;width:5.26px"> </div>lending and<div style="display:inline-block;width:5.84px"> </div>borrowing<div style="display:inline-block;width:5.2px"> </div>and derivative transactions.<div style="display:inline-block;width:6.09px"> </div>The non<div style="display:inline-block;width:1.6px"> </div>-Swiss UBS<div style="display:inline-block;width:5.13px"> </div>pension funds<div style="display:inline-block;width:5.62px"> </div>do not<div style="display:inline-block;width:5.02px"> </div>have a </div><div id="a130809" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:73.2px;">similar banking<div style="display:inline-block;width:5.44px"> </div>relationship with UBS.<div style="display:inline-block;width:5.58px"> </div>During 2022, UBS<div style="display:inline-block;width:5.29px"> </div>received USD </div><div id="a130809_69_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:410.912px;top:73.2px;">36</div><div id="a130809_71_46" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:426.045px;top:73.2px;">m in fees for<div style="display:inline-block;width:5.28px"> </div>banking services from<div style="display:inline-block;width:5.12px"> </div>the major </div><div id="a130817" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:88.8px;">post-employment benefit<div style="display:inline-block;width:5.38px"> </div>plans (2021:<div style="display:inline-block;width:6.24px"> </div>USD </div><div id="a130817_41_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:257.592px;top:88.8px;">39</div><div id="a130817_43_68" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:272.252px;top:88.8px;">m). As<div style="display:inline-block;width:5.09px"> </div>of 31 December<div style="display:inline-block;width:5.31px"> </div>2022,<div style="display:inline-block;width:5.17px"> </div>the major post-employment<div style="display:inline-block;width:5.81px"> </div>benefit plans </div><div id="a130832" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:103.9px;">held USD </div><div id="a130832_9_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:61.685px;top:103.9px;">265</div><div id="a130832_12_39" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:83.938px;top:103.9px;">m in UBS shares (31 December 2021:<div style="display:inline-block;width:5.48px"> </div>USD </div><div id="a130832_51_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:328.085px;top:103.9px;">252</div><div id="a130832_54_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:350.311px;top:103.9px;">m). </div><div id="a130848" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:116.1px;">›</div><div id="a130849" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:116.3px;"> </div><div id="a130850" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:120.9px;">Refer to the “Composition<div style="display:inline-block;width:0.83px"> </div>and fair value<div style="display:inline-block;width:1.62px"> </div>of plan assets”<div style="display:inline-block;width:1.29px"> </div>table in Note<div style="display:inline-block;width:1.61px"> </div>26a for more information<div style="display:inline-block;width:1.05px"> </div>about fair value<div style="display:inline-block;width:1.62px"> </div>of investments<div style="display:inline-block;width:1.49px"> </div>in </div><div id="a130859" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:135.6px;">UBS instruments<div style="display:inline-block;width:1.47px"> </div>held by the Swiss<div style="display:inline-block;width:1.36px"> </div>pension fund</div></div> 0.065 0.275 0.028 0.09 0.025 0.135 0 0.09 65 58 70 P10Y 0.50 1.190 1.348 7848000000 6577000000 646000000 698000000 235000000 254000000 209000000 480000000 60 5000000 -1000000 -3000000 292000000 337000000 18000000 65 11000000 65 0.05 0.06 0.04 0.009 0 12000000 <div id="TextBlockContainer771" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:687px;height:662px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a125501" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Defined benefit plans </div><div id="a125515" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:25.2px;">USD m </div><div id="a125518" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:329.702px;top:25.2px;">Swiss pension plan </div><div id="a125521" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:424.822px;top:25.2px;">UK pension plan </div><div id="a125524" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.568px;top:13.4px;">US and German </div><div id="a125525" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.875px;top:25.2px;">pension plans </div><div id="a125529" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:629.235px;top:25.2px;">Total </div><div id="a125533" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:343.915px;top:38.5px;">2022 </div><div id="a125535" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:38.5px;">2021 </div><div id="a125538" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.275px;top:38.5px;">2022 </div><div id="a125540" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.395px;top:38.5px;">2021 </div><div id="a125543" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.142px;top:38.5px;">2022 </div><div id="a125545" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.208px;top:38.5px;">2021 </div><div id="a125548" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:617.422px;top:38.5px;">2022 </div><div id="a125550" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:38.5px;">2021 </div><div id="a125552" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:52.2px;">Defined benefit obligation at the beginning of the year </div><div id="a125555_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:336.822px;top:52.2px;">27,398</div><div id="a125558_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.502px;top:52.2px;">27,728</div><div id="a125562_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:431.915px;top:52.2px;">4,105</div><div id="a125565_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.035px;top:52.2px;">4,162</div><div id="a125569_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:522.768px;top:52.2px;">1,740</div><div id="a125572_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:565.835px;top:52.2px;">1,905</div><div id="a125576_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.328px;top:52.2px;">33,242</div><div id="a125579_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:52.2px;">33,795</div><div id="a125582" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:66.9px;">Current service cost </div><div id="a125585_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.648px;top:66.9px;">416</div><div id="a125588_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:66.9px;">494</div><div id="a125592_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:66.9px;">0</div><div id="a125595_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:66.9px;">0</div><div id="a125599_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:66.9px;">5</div><div id="a125602_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:66.9px;">6</div><div id="a125606_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.142px;top:66.9px;">420</div><div id="a125609_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:66.9px;">500</div><div id="a125612" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:81.5px;">Interest expense </div><div id="a125615_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.648px;top:81.5px;">344</div><div id="a125618_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.555px;top:81.5px;">58</div><div id="a125622_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:444.235px;top:81.5px;">67</div><div id="a125625_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:486.328px;top:81.5px;">58</div><div id="a125629_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.075px;top:81.5px;">35</div><div id="a125632_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.128px;top:81.5px;">30</div><div id="a125636_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.142px;top:81.5px;">446</div><div id="a125639_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:81.5px;">147</div><div id="a125642" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:96.2px;">Plan participant contributions </div><div id="a125645_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.648px;top:96.2px;">257</div><div id="a125648_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:96.2px;">266</div><div id="a125652_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:96.2px;">0</div><div id="a125655_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:96.2px;">0</div><div id="a125659_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:96.2px;">0</div><div id="a125662_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:96.2px;">0</div><div id="a125666_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.142px;top:96.2px;">257</div><div id="a125669_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:96.2px;">266</div><div id="a125672" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:110.9px;">Remeasurements </div><div id="a125675_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:336.822px;top:110.9px;display:flex;">(4,151)</div><div id="a125678_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:110.9px;">837</div><div id="a125682_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:427.182px;top:110.9px;display:flex;">(1,474)</div><div id="a125685_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:486.328px;top:110.9px;">71</div><div id="a125689_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.142px;top:110.9px;display:flex;">(267)</div><div id="a125692_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.928px;top:110.9px;display:flex;">(62)</div><div id="a125696_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.328px;top:110.9px;display:flex;">(5,891)</div><div id="a125699_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:110.9px;">846</div><div id="a125702" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:125.5px;">of which: actuarial (gains) / losses due to changes in demographic<div style="display:inline-block;width:4.1px"> </div>assumptions </div><div id="a125705_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:358.582px;top:126px;">3</div><div id="a125708_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:394.555px;top:126px;">51</div><div id="a125712_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:444.235px;top:126px;display:flex;">(6)</div><div id="a125715_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:486.328px;top:126px;">14</div><div id="a125719_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:539.795px;top:126px;">1</div><div id="a125722_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:582.862px;top:126px;">4</div><div id="a125726_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:627.355px;top:126px;display:flex;">(2)</div><div id="a125729_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.408px;top:126px;">69</div><div id="a125732" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:140.2px;">of which: actuarial (gains) / losses due to changes in financial<div style="display:inline-block;width:3.94px"> </div>assumptions </div><div id="a125735_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:336.822px;top:140.7px;display:flex;">(4,666)</div><div id="a125738_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:384.595px;top:140.7px;display:flex;">(678)</div><div id="a125742_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:427.182px;top:140.7px;display:flex;">(1,575)</div><div id="a125745_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:140.7px;display:flex;">(3)</div><div id="a125749_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:525.142px;top:140.7px;display:flex;">(279)</div><div id="a125752_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:572.928px;top:140.7px;display:flex;">(78)</div><div id="a125756_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:610.328px;top:140.7px;display:flex;">(6,520)</div><div id="a125759_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:660.488px;top:140.7px;display:flex;">(759)</div><div id="a125762" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:154.9px;">of which: experience (gains) / losses</div><div id="a125763" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:142.808px;top:155.5px;">1</div><div id="a125766_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:348.648px;top:154.9px;">512</div><div id="a125769_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.222px;top:154.9px;">1,464</div><div id="a125773_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:439.008px;top:154.9px;">107</div><div id="a125776_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:486.328px;top:154.9px;">59</div><div id="a125780_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:535.075px;top:154.9px;">11</div><div id="a125783_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.128px;top:154.9px;">12</div><div id="a125787_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:622.142px;top:154.9px;">631</div><div id="a125790_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:658.115px;top:154.9px;">1,535</div><div id="a125793" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:169.1px;">Past service cost related to plan amendments </div><div id="a125796_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:358.582px;top:169.1px;">0</div><div id="a125799_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:399.275px;top:169.1px;">0</div><div id="a125803_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:169.1px;">0</div><div id="a125806_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:169.1px;">0</div><div id="a125810_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:169.1px;">0</div><div id="a125813_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:169.1px;">4</div><div id="a125817_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:632.075px;top:169.1px;">0</div><div id="a125820_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.142px;top:169.1px;">4</div><div id="a125823" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:183.7px;">Curtailments </div><div id="a125826_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:349.128px;top:183.7px;display:flex;">(20)</div><div id="a125829_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:183.7px;display:flex;">(80)</div><div id="a125833_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:183.7px;">0</div><div id="a125836_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:183.7px;">0</div><div id="a125840_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:183.7px;">0</div><div id="a125843_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:183.7px;">0</div><div id="a125847_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.622px;top:183.7px;display:flex;">(20)</div><div id="a125850_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:183.7px;display:flex;">(80)</div><div id="a125853" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:198.4px;">Benefit payments </div><div id="a125856_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:336.822px;top:198.4px;display:flex;">(1,454)</div><div id="a125859_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.022px;top:198.4px;display:flex;">(1,097)</div><div id="a125863_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.275px;top:198.4px;display:flex;">(123)</div><div id="a125866_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.395px;top:198.4px;display:flex;">(148)</div><div id="a125870_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.142px;top:198.4px;display:flex;">(111)</div><div id="a125873_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.208px;top:198.4px;display:flex;">(112)</div><div id="a125877_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.328px;top:198.4px;display:flex;">(1,687)</div><div id="a125880_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.915px;top:198.4px;display:flex;">(1,357)</div><div id="a125883" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:213.1px;">Other movements </div><div id="a125886_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:353.848px;top:213.1px;display:flex;">(5)</div><div id="a125889_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:399.275px;top:213.1px;">0</div><div id="a125893_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:213.1px;">0</div><div id="a125896_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:213.1px;">0</div><div id="a125900_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:213.1px;">0</div><div id="a125903_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:213.1px;">1</div><div id="a125907_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:627.355px;top:213.1px;display:flex;">(5)</div><div id="a125910_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.142px;top:213.1px;">1</div><div id="a125913" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:227.7px;">Foreign currency translation </div><div id="a125916_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:343.915px;top:227.7px;display:flex;">(513)</div><div id="a125919_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:227.7px;display:flex;">(809)</div><div id="a125923_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.275px;top:227.7px;display:flex;">(408)</div><div id="a125926_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.128px;top:227.7px;display:flex;">(38)</div><div id="a125930_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:530.342px;top:227.7px;display:flex;">(28)</div><div id="a125933_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.928px;top:227.7px;display:flex;">(33)</div><div id="a125937_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:617.422px;top:227.7px;display:flex;">(949)</div><div id="a125940_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:227.7px;display:flex;">(880)</div><div id="a125943" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:241.4px;">Defined benefit obligation at the<div style="display:inline-block;width:3.8px"> </div>end of the year </div><div id="a125946_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:336.822px;top:241.4px;">22,272</div><div id="a125949_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.502px;top:241.4px;">27,398</div><div id="a125953_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:431.915px;top:241.4px;">2,166</div><div id="a125956_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.035px;top:241.4px;">4,105</div><div id="a125960_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:522.768px;top:241.4px;">1,375</div><div id="a125963_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:565.835px;top:241.4px;">1,740</div><div id="a125967_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.328px;top:241.4px;">25,813</div><div id="a125970_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:241.4px;">33,242</div><div id="a125973" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:256.1px;">of which: amounts owed to active members </div><div id="a125976_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:336.822px;top:256.1px;">11,927</div><div id="a125979_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:377.502px;top:256.1px;">14,333</div><div id="a125983_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:444.235px;top:256.1px;">65</div><div id="a125986_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:481.128px;top:256.1px;">150</div><div id="a125990_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:529.862px;top:256.1px;">169</div><div id="a125993_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:572.928px;top:256.1px;">222</div><div id="a125997_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:610.328px;top:256.1px;">12,160</div><div id="a126000_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:653.395px;top:256.1px;">14,705</div><div id="a126003" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:270.8px;">of which: amounts owed to deferred members </div><div id="a126006_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:358.582px;top:270.8px;">0</div><div id="a126009_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.275px;top:270.8px;">0</div><div id="a126013_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:439.008px;top:270.8px;">656</div><div id="a126016_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:474.035px;top:270.8px;">1,593</div><div id="a126020_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:529.862px;top:270.8px;">528</div><div id="a126023_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:572.928px;top:270.8px;">669</div><div id="a126027_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:615.048px;top:270.8px;">1,184</div><div id="a126030_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:658.115px;top:270.8px;">2,262</div><div id="a126033" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:285.5px;">of which: amounts owed to retirees </div><div id="a126036_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:336.822px;top:285.5px;">10,345</div><div id="a126039_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:377.502px;top:285.5px;">13,065</div><div id="a126043_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:431.915px;top:285.5px;">1,445</div><div id="a126046_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:474.035px;top:285.5px;">2,362</div><div id="a126050_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:529.862px;top:285.5px;">678</div><div id="a126053_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:572.928px;top:285.5px;">849</div><div id="a126057_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:610.328px;top:285.5px;">12,469</div><div id="a126060_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:653.395px;top:285.5px;">16,276</div><div id="a126063" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:299.2px;">of which: funded plans </div><div id="a126066_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:336.822px;top:299.2px;">22,272</div><div id="a126069_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:377.502px;top:299.2px;">27,398</div><div id="a126073_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:431.915px;top:299.2px;">2,166</div><div id="a126076_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:474.035px;top:299.2px;">4,105</div><div id="a126080_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:522.768px;top:299.2px;">1,011</div><div id="a126083_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:565.835px;top:299.2px;">1,222</div><div id="a126087_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:610.328px;top:299.2px;">25,449</div><div id="a126090_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:653.395px;top:299.2px;">32,724</div><div id="a126093" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:313.8px;">of which: unfunded plans </div><div id="a126096_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:358.582px;top:313.8px;">0</div><div id="a126099_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.275px;top:313.8px;">0</div><div id="a126103_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:448.968px;top:313.8px;">0</div><div id="a126106_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:491.062px;top:313.8px;">0</div><div id="a126110_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:529.862px;top:313.8px;">363</div><div id="a126113_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:572.928px;top:313.8px;">518</div><div id="a126117_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:622.142px;top:313.8px;">363</div><div id="a126120_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:665.208px;top:313.8px;">518</div><div id="a126123" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:328.5px;">Fair value of plan assets at the beginning<div style="display:inline-block;width:4.12px"> </div>of the year </div><div id="a126126_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:336.822px;top:328.5px;">33,975</div><div id="a126129_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.502px;top:328.5px;">32,590</div><div id="a126133_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:431.915px;top:328.5px;">4,297</div><div id="a126136_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.035px;top:328.5px;">4,149</div><div id="a126140_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:522.768px;top:328.5px;">1,329</div><div id="a126143_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:565.835px;top:328.5px;">1,360</div><div id="a126147_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.328px;top:328.5px;">39,601</div><div id="a126150_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:328.5px;">38,100</div><div id="a126153" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:343.2px;">Return on plan assets excluding interest income </div><div id="a126156_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:336.822px;top:343.2px;display:flex;">(3,248)</div><div id="a126159_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:382.222px;top:343.2px;">2,322</div><div id="a126163_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:427.182px;top:343.2px;display:flex;">(1,312)</div><div id="a126166_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.128px;top:343.2px;">277</div><div id="a126170_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.142px;top:343.2px;display:flex;">(223)</div><div id="a126173_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.128px;top:343.2px;">40</div><div id="a126177_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.328px;top:343.2px;display:flex;">(4,782)</div><div id="a126180_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:343.2px;">2,639</div><div id="a126183" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:357.8px;">Interest income </div><div id="a126186_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.648px;top:357.8px;">485</div><div id="a126189_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.555px;top:357.8px;">74</div><div id="a126193_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:444.235px;top:357.8px;">70</div><div id="a126196_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:486.328px;top:357.8px;">58</div><div id="a126200_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.075px;top:357.8px;">31</div><div id="a126203_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.128px;top:357.8px;">26</div><div id="a126207_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.142px;top:357.8px;">586</div><div id="a126210_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:357.8px;">159</div><div id="a126213" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:372.5px;">Employer contributions<div style="display:inline-block;width:3.08px"> </div></div><div id="a126216_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.648px;top:372.5px;">685</div><div id="a126219_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:372.5px;">763</div><div id="a126223_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:372.5px;">5</div><div id="a126226_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:372.5px;">0</div><div id="a126230_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.075px;top:372.5px;">16</div><div id="a126233_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.128px;top:372.5px;">16</div><div id="a126237_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.142px;top:372.5px;">706</div><div id="a126240_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:372.5px;">779</div><div id="a126243" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:387.2px;">Plan participant contributions </div><div id="a126246_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.648px;top:387.2px;">257</div><div id="a126249_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:387.2px;">266</div><div id="a126253_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:387.2px;">0</div><div id="a126256_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:387.2px;">0</div><div id="a126260_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:387.2px;">0</div><div id="a126263_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:387.2px;">0</div><div id="a126267_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.142px;top:387.2px;">257</div><div id="a126270_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:387.2px;">266</div><div id="a126273" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:401.8px;">Benefit payments </div><div id="a126276_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:336.822px;top:401.8px;display:flex;">(1,454)</div><div id="a126279_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.022px;top:401.8px;display:flex;">(1,097)</div><div id="a126283_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.275px;top:401.8px;display:flex;">(123)</div><div id="a126286_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.395px;top:401.8px;display:flex;">(148)</div><div id="a126290_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.142px;top:401.8px;display:flex;">(111)</div><div id="a126293_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.208px;top:401.8px;display:flex;">(112)</div><div id="a126297_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.328px;top:401.8px;display:flex;">(1,687)</div><div id="a126300_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.915px;top:401.8px;display:flex;">(1,357)</div><div id="a126303" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:416px;">Administration expenses, taxes and premiums paid </div><div id="a126306_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:349.128px;top:416px;display:flex;">(12)</div><div id="a126309_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:416px;display:flex;">(13)</div><div id="a126313_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:416px;">0</div><div id="a126316_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:416px;">0</div><div id="a126320_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.075px;top:416px;display:flex;">(3)</div><div id="a126323_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.662px;top:416px;display:flex;">(4)</div><div id="a126327_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.622px;top:416px;display:flex;">(16)</div><div id="a126330_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:416px;display:flex;">(17)</div><div id="a126333" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:430.7px;">Other movements </div><div id="a126336_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:353.848px;top:430.7px;display:flex;">(2)</div><div id="a126339_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:399.275px;top:430.7px;">0</div><div id="a126343_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:430.7px;">0</div><div id="a126346_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:430.7px;">0</div><div id="a126350_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:430.7px;">0</div><div id="a126353_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:430.7px;">1</div><div id="a126357_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:627.355px;top:430.7px;display:flex;">(2)</div><div id="a126360_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.142px;top:430.7px;">1</div><div id="a126363" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:445.4px;">Foreign currency translation </div><div id="a126366_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:343.915px;top:445.4px;display:flex;">(567)</div><div id="a126369_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:445.4px;display:flex;">(930)</div><div id="a126373_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.275px;top:445.4px;display:flex;">(450)</div><div id="a126376_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.128px;top:445.4px;display:flex;">(39)</div><div id="a126380_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:445.4px;">0</div><div id="a126383_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:445.4px;">0</div><div id="a126387_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.328px;top:445.4px;display:flex;">(1,017)</div><div id="a126390_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:445.4px;display:flex;">(969)</div><div id="a126393" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:459.5px;">Fair value of plan assets<div style="display:inline-block;width:3.86px"> </div>at the end of the year </div><div id="a126396_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:336.822px;top:459.5px;">30,119</div><div id="a126399_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.502px;top:459.5px;">33,975</div><div id="a126403_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:431.915px;top:459.5px;">2,488</div><div id="a126406_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.035px;top:459.5px;">4,297</div><div id="a126410_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:522.768px;top:459.5px;">1,039</div><div id="a126413_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:565.835px;top:459.5px;">1,329</div><div id="a126417_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.328px;top:459.5px;">33,646</div><div id="a126420_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:459.5px;">39,601</div><div id="a126423" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:473.7px;">Surplus / (deficit) </div><div id="a126426_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.555px;top:473.7px;">7,848</div><div id="a126429_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:382.222px;top:473.7px;">6,577</div><div id="a126433_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:439.008px;top:473.7px;">321</div><div id="a126436_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.128px;top:473.7px;">192</div><div id="a126440_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.142px;top:473.7px;display:flex;">(335)</div><div id="a126443_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.208px;top:473.7px;display:flex;">(411)</div><div id="a126447_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:615.048px;top:473.7px;">7,834</div><div id="a126450_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:473.7px;">6,358</div><div id="a126453" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:488.4px;">Asset ceiling effect at the beginning of the year </div><div id="a126456_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.555px;top:488.4px;">6,577</div><div id="a126459_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:382.222px;top:488.4px;">4,862</div><div id="a126463_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:488.4px;">0</div><div id="a126466_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:488.4px;">0</div><div id="a126470_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:488.4px;">0</div><div id="a126473_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:488.4px;">0</div><div id="a126477_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:615.048px;top:488.4px;">6,577</div><div id="a126480_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:488.4px;">4,862</div><div id="a126483" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:503.1px;">Interest expense on asset ceiling effect </div><div id="a126486_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.648px;top:503.1px;">135</div><div id="a126489_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.555px;top:503.1px;">15</div><div id="a126493_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:503.1px;">0</div><div id="a126496_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:503.1px;">0</div><div id="a126500_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:503.1px;">0</div><div id="a126503_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:503.1px;">0</div><div id="a126507_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.142px;top:503.1px;">135</div><div id="a126510_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.408px;top:503.1px;">15</div><div id="a126513" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:516.8px;">Asset ceiling effect excluding interest expense and foreign<div style="display:inline-block;width:3.76px"> </div>currency translation on </div><div id="a126514" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:528.6px;">asset ceiling effect </div><div id="a126517_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.555px;top:528.6px;">1,189</div><div id="a126520_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:382.222px;top:528.6px;">1,821</div><div id="a126524_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:528.6px;">0</div><div id="a126527_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:528.6px;">0</div><div id="a126531_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:528.6px;">0</div><div id="a126534_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:528.6px;">0</div><div id="a126538_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:615.048px;top:528.6px;">1,189</div><div id="a126541_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:528.6px;">1,821</div><div id="a126544" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:542.3px;">Foreign currency translation </div><div id="a126547_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:349.128px;top:542.3px;display:flex;">(54)</div><div id="a126550_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:542.3px;display:flex;">(121)</div><div id="a126554_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:542.3px;">0</div><div id="a126557_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:542.3px;">0</div><div id="a126561_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:542.3px;">0</div><div id="a126564_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:542.3px;">0</div><div id="a126568_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.622px;top:542.3px;display:flex;">(54)</div><div id="a126571_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:542.3px;display:flex;">(121)</div><div id="a126574" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:556.5px;">Asset ceiling effect at the end of the year </div><div id="a126577_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.555px;top:556.5px;">7,848</div><div id="a126580_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:382.222px;top:556.5px;">6,577</div><div id="a126584_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:556.5px;">0</div><div id="a126587_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:556.5px;">0</div><div id="a126591_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:556.5px;">0</div><div id="a126594_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:556.5px;">0</div><div id="a126598_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:615.048px;top:556.5px;">7,848</div><div id="a126601_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:556.5px;">6,577</div><div id="a126604" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:571.2px;">Net defined benefit asset / (liability) of<div style="display:inline-block;width:4.07px"> </div>major plans </div><div id="a126607_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:358.582px;top:571.2px;">0</div><div id="a126610_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:399.275px;top:571.2px;">0</div><div id="a126614_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:439.008px;top:571.2px;">321</div><div id="a126617_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.128px;top:571.2px;">192</div><div id="a126621_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.142px;top:571.2px;display:flex;">(335)</div><div id="a126624_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.208px;top:571.2px;display:flex;">(411)</div><div id="a126628_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.622px;top:571.2px;display:flex;">(14)</div><div id="a126631_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:571.2px;display:flex;">(219)</div><div id="a126634" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:584.9px;">Net defined benefit asset / (liability) of remaining<div style="display:inline-block;width:4.43px"> </div>plans </div><div id="a126646_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:617.422px;top:584.9px;display:flex;">(100)</div><div id="a126649_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:584.9px;display:flex;">(112)</div><div id="a126652" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:599.6px;">Total net defined benefit<div style="display:inline-block;width:4.06px"> </div>asset / (liability) </div><div id="a126665_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:617.422px;top:599.6px;display:flex;">(114)</div><div id="a126668_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:599.6px;display:flex;">(331)</div><div id="a126671" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:614.7px;">of which: Net defined benefit asset </div><div id="a126683_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:622.142px;top:614.7px;">355</div><div id="a126686_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:665.208px;top:614.7px;">302</div><div id="a126689" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:629.4px;">of which: Net defined benefit liability</div><div id="a126691" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:146.595px;top:630px;">2</div><div id="a126703_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:617.422px;top:629.4px;display:flex;">(469)</div><div id="a126706_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:660.488px;top:629.4px;display:flex;">(633)</div><div id="a126709" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:643.5px;">1 Experience (gains)<div style="display:inline-block;width:3.69px"> </div>/ losses<div style="display:inline-block;width:3.46px"> </div>are a component<div style="display:inline-block;width:4.41px"> </div>of actuarial remeasurements<div style="display:inline-block;width:4.89px"> </div>of the defined<div style="display:inline-block;width:3.64px"> </div>benefit obligation<div style="display:inline-block;width:3.61px"> </div>and reflect<div style="display:inline-block;width:4.11px"> </div>the effects<div style="display:inline-block;width:3.54px"> </div>of differences between<div style="display:inline-block;width:4.43px"> </div>the previous actuarial<div style="display:inline-block;width:4.41px"> </div>assumptions and<div style="display:inline-block;width:3.62px"> </div>what has actually </div><div id="a126713" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:653.4px;">occurred.<div style="display:inline-block;width:8.36px"> </div>2 Refer to Note 18c.</div></div><div id="TextBlockContainer775" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:492px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a126757" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:2.8px;">Income statement – expenses related<div style="display:inline-block;width:3.78px"> </div>to defined benefit plans</div><div id="a126761" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:227.47px;top:3.5px;">1</div><div id="a126775" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:28.4px;">USD m </div><div id="a126778" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:329.204px;top:28.4px;">Swiss pension plan </div><div id="a126781" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:424.324px;top:28.4px;">UK pension plan </div><div id="a126784" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.07px;top:16.6px;">US and German </div><div id="a126785" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.377px;top:28.4px;">pension plans </div><div id="a126788" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.737px;top:28.4px;">Total </div><div id="a126790" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:41.6px;">For the year ended </div><div id="a126793" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:329.204px;top:41.6px;">31.12.22 </div><div id="a126795" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:369.91px;top:41.6px;">31.12.21 </div><div id="a126798" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:419.59px;top:41.6px;">31.12.22 </div><div id="a126800" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:461.71px;top:41.6px;">31.12.21 </div><div id="a126803" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:510.457px;top:41.6px;">31.12.22 </div><div id="a126805" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.524px;top:41.6px;">31.12.21 </div><div id="a126808" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:602.737px;top:41.6px;">31.12.22 </div><div id="a126810" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.764px;top:41.6px;">31.12.21 </div><div id="a126812" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:56.3px;">Current service cost </div><div id="a126815_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.15px;top:56.3px;">416</div><div id="a126818_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.857px;top:56.3px;">494</div><div id="a126822_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.47px;top:56.3px;">0</div><div id="a126825_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.564px;top:56.3px;">0</div><div id="a126829_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:56.3px;">5</div><div id="a126832_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:56.3px;">6</div><div id="a126836_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:621.644px;top:56.3px;">420</div><div id="a126839_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.71px;top:56.3px;">500</div><div id="a126842" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:71.9px;">Interest expense related to defined benefit obligation </div><div id="a126845_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.15px;top:71.9px;">344</div><div id="a126848_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.057px;top:71.9px;">58</div><div id="a126852_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:443.737px;top:71.9px;">67</div><div id="a126855_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.83px;top:71.9px;">58</div><div id="a126859_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:534.577px;top:71.9px;">35</div><div id="a126862_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:71.9px;">30</div><div id="a126866_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:621.644px;top:71.9px;">446</div><div id="a126869_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.71px;top:71.9px;">147</div><div id="a126872" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:87px;">Interest income related to plan assets </div><div id="a126875_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:343.417px;top:87px;display:flex;">(485)</div><div id="a126878_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.857px;top:87px;display:flex;">(74)</div><div id="a126882_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.977px;top:87px;display:flex;">(70)</div><div id="a126885_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.63px;top:87px;display:flex;">(58)</div><div id="a126889_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.844px;top:87px;display:flex;">(31)</div><div id="a126892_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:87px;display:flex;">(26)</div><div id="a126896_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:616.924px;top:87px;display:flex;">(586)</div><div id="a126899_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.99px;top:87px;display:flex;">(159)</div><div id="a126902" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:102.6px;">Interest expense on asset ceiling effect </div><div id="a126905_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.15px;top:102.6px;">135</div><div id="a126908_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.057px;top:102.6px;">15</div><div id="a126912_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.47px;top:102.6px;">0</div><div id="a126915_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.564px;top:102.6px;">0</div><div id="a126919_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:102.6px;">0</div><div id="a126922_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:102.6px;">0</div><div id="a126926_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:621.644px;top:102.6px;">135</div><div id="a126929_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.91px;top:102.6px;">15</div><div id="a126932" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:117.8px;">Administration expenses, taxes and premiums paid </div><div id="a126935_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:353.35px;top:117.8px;">12</div><div id="a126938_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.057px;top:117.8px;">13</div><div id="a126942_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.47px;top:117.8px;">0</div><div id="a126945_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.564px;top:117.8px;">0</div><div id="a126949_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:117.8px;">3</div><div id="a126952_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:117.8px;">4</div><div id="a126956_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:626.857px;top:117.8px;">16</div><div id="a126959_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.91px;top:117.8px;">17</div><div id="a126962" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:132.9px;">Past service cost related to plan amendments </div><div id="a126965_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:358.084px;top:132.9px;">0</div><div id="a126968_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:398.777px;top:132.9px;">0</div><div id="a126972_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.47px;top:132.9px;">0</div><div id="a126975_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.564px;top:132.9px;">0</div><div id="a126979_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:132.9px;">0</div><div id="a126982_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:132.9px;">4</div><div id="a126986_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:631.577px;top:132.9px;">0</div><div id="a126989_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.644px;top:132.9px;">4</div><div id="a126992" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:148.6px;">Curtailments </div><div id="a126995_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.63px;top:148.6px;display:flex;">(20)</div><div id="a126998_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.857px;top:148.6px;display:flex;">(80)</div><div id="a127002_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.47px;top:148.6px;">0</div><div id="a127005_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.564px;top:148.6px;">0</div><div id="a127009_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:148.6px;">0</div><div id="a127012_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:148.6px;">0</div><div id="a127016_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.124px;top:148.6px;display:flex;">(20)</div><div id="a127019_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.71px;top:148.6px;display:flex;">(80)</div><div id="a127022" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:163.2px;">Net periodic expenses recognized in net<div style="display:inline-block;width:3.92px"> </div>profit for major plans </div><div id="a127025_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.15px;top:163.2px;">402</div><div id="a127028_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.857px;top:163.2px;">426</div><div id="a127032_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:443.737px;top:163.2px;display:flex;">(3)</div><div id="a127035_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.564px;top:163.2px;">0</div><div id="a127039_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:534.577px;top:163.2px;">12</div><div id="a127042_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:163.2px;">18</div><div id="a127046_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:621.644px;top:163.2px;">411</div><div id="a127049_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.71px;top:163.2px;">444</div><div id="a127052" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:178.3px;">Net periodic expenses recognized in net<div style="display:inline-block;width:3.92px"> </div>profit for remaining plans</div><div id="a127053" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:242.63px;top:179px;">2</div><div id="a127065_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:626.857px;top:178.3px;">25</div><div id="a127068_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.91px;top:178.3px;">25</div><div id="a127071" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:194px;">Total net periodic<div style="display:inline-block;width:3.71px"> </div>expenses recognized in net profit </div><div id="a127083_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:621.644px;top:194px;">437</div><div id="a127086_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.71px;top:194px;">470</div><div id="a127089" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:208.5px;">1 Refer to Note 6.<div style="display:inline-block;width:9.06px"> </div>2 Includes differences between<div style="display:inline-block;width:3.83px"> </div>actual and estimated performance<div style="display:inline-block;width:4.12px"> </div>award accruals. </div><div id="a127105" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:235.6px;">Other comprehensive income – gains /<div style="display:inline-block;width:3.94px"> </div>(losses) on defined benefit plans<div style="display:inline-block;width:3.14px"> </div></div><div id="a127122" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:260.7px;">USD m </div><div id="a127125" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:329.204px;top:260.7px;">Swiss pension plan </div><div id="a127128" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:424.324px;top:260.7px;">UK pension plan </div><div id="a127131" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.07px;top:248.8px;">US and German </div><div id="a127132" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.377px;top:260.7px;">pension plans </div><div id="a127135" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.737px;top:260.7px;">Total </div><div id="a127137" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:274.4px;">For the year ended </div><div id="a127140" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:329.204px;top:274.4px;">31.12.22 </div><div id="a127142" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:369.91px;top:274.4px;">31.12.21 </div><div id="a127145" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:419.59px;top:274.4px;">31.12.22 </div><div id="a127147" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:461.71px;top:274.4px;">31.12.21 </div><div id="a127150" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:510.457px;top:274.4px;">31.12.22 </div><div id="a127152" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.524px;top:274.4px;">31.12.21 </div><div id="a127155" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:602.737px;top:274.4px;">31.12.22 </div><div id="a127157" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.764px;top:274.4px;">31.12.21 </div><div id="a127159" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:289.1px;">Remeasurement of defined benefit obligation </div><div id="a127162_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.057px;top:289.1px;">4,151</div><div id="a127165_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:289.1px;display:flex;">(837)</div><div id="a127169_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:431.417px;top:289.1px;">1,474</div><div id="a127172_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.63px;top:289.1px;display:flex;">(71)</div><div id="a127176_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.364px;top:289.1px;">267</div><div id="a127179_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:289.1px;">62</div><div id="a127183_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:614.55px;top:289.1px;">5,891</div><div id="a127186_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.99px;top:289.1px;display:flex;">(846)</div><div id="a127189" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:304.2px;">of which: change in discount rate assumption </div><div id="a127192_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:341.057px;top:304.2px;">5,414</div><div id="a127195_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:388.857px;top:304.2px;">870</div><div id="a127199_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:431.417px;top:304.2px;">1,451</div><div id="a127202_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:480.63px;top:304.2px;">319</div><div id="a127206_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:529.364px;top:304.2px;">317</div><div id="a127209_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:577.63px;top:304.2px;">77</div><div id="a127213_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:614.55px;top:304.2px;">7,183</div><div id="a127216_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:657.617px;top:304.2px;">1,267</div><div id="a127219" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:319.8px;">of which: change in rate of pension increase<div style="display:inline-block;width:3.79px"> </div>assumption </div><div id="a127222_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:358.084px;top:319.8px;">0</div><div id="a127225_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:398.777px;top:319.8px;">0</div><div id="a127229_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:438.51px;top:319.8px;">123</div><div id="a127232_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:475.897px;top:319.8px;display:flex;">(316)</div><div id="a127236_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:534.577px;top:319.8px;display:flex;">(5)</div><div id="a127239_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:577.164px;top:319.8px;display:flex;">(1)</div><div id="a127243_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:621.644px;top:319.8px;">118</div><div id="a127246_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:659.99px;top:319.8px;display:flex;">(318)</div><div id="a127249" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:334.9px;">of which: change in rate of interest credit on<div style="display:inline-block;width:3.83px"> </div>retirement savings assumption </div><div id="a127252_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:343.417px;top:334.9px;display:flex;">(718)</div><div id="a127255_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:384.097px;top:334.9px;display:flex;">(193)</div><div id="a127259_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:448.47px;top:334.9px;">0</div><div id="a127262_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:490.564px;top:334.9px;">0</div><div id="a127266_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:529.844px;top:334.9px;display:flex;">(82)</div><div id="a127269_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:577.164px;top:334.9px;display:flex;">(1)</div><div id="a127273_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:616.924px;top:334.9px;display:flex;">(800)</div><div id="a127276_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:659.99px;top:334.9px;display:flex;">(194)</div><div id="a127279" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:350.1px;">of which: change in life expectancy </div><div id="a127282_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:358.084px;top:350.1px;">0</div><div id="a127285_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:398.777px;top:350.1px;">0</div><div id="a127289_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:448.47px;top:350.1px;">5</div><div id="a127292_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:490.564px;top:350.1px;">9</div><div id="a127296_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:534.577px;top:350.1px;display:flex;">(1)</div><div id="a127299_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:577.164px;top:350.1px;display:flex;">(3)</div><div id="a127303_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:631.577px;top:350.1px;">4</div><div id="a127306_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:674.644px;top:350.1px;">5</div><div id="a127309" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:365.7px;">of which: change in other actuarial assumptions </div><div id="a127312_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:348.63px;top:365.7px;display:flex;">(33)</div><div id="a127315_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:388.857px;top:365.7px;display:flex;">(50)</div><div id="a127319_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:448.47px;top:365.7px;">1</div><div id="a127322_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:480.63px;top:365.7px;display:flex;">(23)</div><div id="a127326_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:534.577px;top:365.7px;">48</div><div id="a127329_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:582.364px;top:365.7px;">2</div><div id="a127333_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:626.857px;top:365.7px;">16</div><div id="a127336_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.71px;top:365.7px;display:flex;">(71)</div><div id="a127339" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:380.8px;">of which: experience gains / (losses)</div><div id="a127340" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:142.31px;top:381.5px;">1</div><div id="a127343_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:343.417px;top:380.8px;display:flex;">(512)</div><div id="a127346_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:376.524px;top:380.8px;display:flex;">(1,464)</div><div id="a127350_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:433.777px;top:380.8px;display:flex;">(107)</div><div id="a127353_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:480.63px;top:380.8px;display:flex;">(59)</div><div id="a127357_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:529.844px;top:380.8px;display:flex;">(11)</div><div id="a127360_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:572.43px;top:380.8px;display:flex;">(12)</div><div id="a127364_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:616.924px;top:380.8px;display:flex;">(631)</div><div id="a127367_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:652.417px;top:380.8px;display:flex;">(1,535)</div><div id="a127370" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:396.4px;">Return on plan assets excluding interest income </div><div id="a127373_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:336.324px;top:396.4px;display:flex;">(3,248)</div><div id="a127376_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:381.724px;top:396.4px;">2,322</div><div id="a127380_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:426.684px;top:396.4px;display:flex;">(1,312)</div><div id="a127383_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.63px;top:396.4px;">277</div><div id="a127387_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:524.644px;top:396.4px;display:flex;">(223)</div><div id="a127390_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:396.4px;">40</div><div id="a127394_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:609.83px;top:396.4px;display:flex;">(4,782)</div><div id="a127397_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.617px;top:396.4px;">2,639</div><div id="a127400" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:412.1px;">Asset ceiling effect excluding interest expense and foreign<div style="display:inline-block;width:3.76px"> </div>currency translation </div><div id="a127403_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:336.324px;top:412.1px;display:flex;">(1,189)</div><div id="a127406_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:376.524px;top:412.1px;display:flex;">(1,821)</div><div id="a127410_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.47px;top:412.1px;">0</div><div id="a127413_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.564px;top:412.1px;">0</div><div id="a127417_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:412.1px;">0</div><div id="a127420_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:412.1px;">0</div><div id="a127424_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:609.83px;top:412.1px;display:flex;">(1,189)</div><div id="a127427_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.417px;top:412.1px;display:flex;">(1,821)</div><div id="a127430" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:427.2px;">Total gains / (losses) recognized<div style="display:inline-block;width:4.38px"> </div>in other comprehensive income for major plans </div><div id="a127433_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:343.417px;top:427.2px;display:flex;">(285)</div><div id="a127436_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:427.2px;display:flex;">(336)</div><div id="a127440_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.51px;top:427.2px;">162</div><div id="a127443_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.63px;top:427.2px;">207</div><div id="a127447_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:534.577px;top:427.2px;">43</div><div id="a127450_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:427.2px;">102</div><div id="a127454_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.124px;top:427.2px;display:flex;">(80)</div><div id="a127457_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.71px;top:427.2px;display:flex;">(28)</div><div id="a127460" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:442.8px;">Total gains / (losses) recognized<div style="display:inline-block;width:4.38px"> </div>in other comprehensive income for remaining plans </div><div id="a127472_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:631.577px;top:442.8px;">7</div><div id="a127475_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.91px;top:442.8px;">30</div><div id="a127478" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:458px;">Total gains / (losses) recognized<div style="display:inline-block;width:4.38px"> </div>in other comprehensive income</div><div id="a127479" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:235.057px;top:458.6px;">2</div><div id="a127491_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.124px;top:458px;display:flex;">(73)</div><div id="a127494_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.644px;top:458px;">2</div><div id="a127497" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:473px;">1 Experience<div style="display:inline-block;width:3.36px"> </div>(gains) / losses<div style="display:inline-block;width:3.79px"> </div>are a component<div style="display:inline-block;width:4.41px"> </div>of actuarial remeasurements<div style="display:inline-block;width:4.89px"> </div>of the defined<div style="display:inline-block;width:3.64px"> </div>benefit obligation<div style="display:inline-block;width:3.61px"> </div>and reflect<div style="display:inline-block;width:4.11px"> </div>the effects of<div style="display:inline-block;width:3.64px"> </div>differences between<div style="display:inline-block;width:4.35px"> </div>the previous actuarial<div style="display:inline-block;width:4.41px"> </div>assumptions and<div style="display:inline-block;width:3.62px"> </div>what has actually </div><div id="a127500" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:482.9px;">occurred.<div style="display:inline-block;width:8.36px"> </div>2 Refer to the “Statement<div style="display:inline-block;width:3.98px"> </div>of comprehensive income.”</div></div> 27398000000 27728000000 4105000000 4162000000 1740000000 1905000000 33242000000 33795000000 416000000 494000000 0 0 5000000 6000000 420000000 500000000 344000000 58000000 67000000 58000000 35000000 30000000 446000000 147000000 257000000 266000000 0 0 0 0 257000000 266000000 -4151000000 837000000 -1474000000 71000000 -267000000 -62000000 -5891000000 846000000 3000000 51000000 -6000000 14000000 1000000 4000000 -2000000 69000000 -4666000000 -678000000 -1575000000 -3000000 -279000000 -78000000 -6520000000 -759000000 512000000 1464000000 107000000 59000000 11000000 12000000 631000000 1535000000 0 0 0 0 0 4000000 0 4000000 20000000 80000000 0 0 0 0 20000000 80000000 1454000000 1097000000 123000000 148000000 111000000 112000000 1687000000 1357000000 -5000000 0 0 0 0 1000000 -5000000 1000000 -513000000 -809000000 -408000000 -38000000 -28000000 -33000000 -949000000 -880000000 22272000000 27398000000 2166000000 4105000000 1375000000 1740000000 25813000000 33242000000 11927000000 14333000000 65000000 150000000 169000000 222000000 12160000000 14705000000 0 0 656000000 1593000000 528000000 669000000 1184000000 2262000000 10345000000 13065000000 1445000000 2362000000 678000000 849000000 12469000000 16276000000 22272000000 27398000000 2166000000 4105000000 1011000000 1222000000 25449000000 32724000000 0 0 0 0 363000000 518000000 363000000 518000000 33975000000 32590000000 4297000000 4149000000 1329000000 1360000000 39601000000 38100000000 -3248000000 2322000000 -1312000000 277000000 -223000000 40000000 -4782000000 2639000000 485000000 74000000 70000000 58000000 31000000 26000000 586000000 159000000 685000000 763000000 5000000 0 16000000 16000000 706000000 779000000 257000000 266000000 0 0 0 0 257000000 266000000 1454000000 1097000000 123000000 148000000 111000000 112000000 1687000000 1357000000 12000000 13000000 0 0 3000000 4000000 16000000 17000000 -2000000 0 0 0 0 1000000 -2000000 1000000 -567000000 -930000000 -450000000 -39000000 0 0 -1017000000 -969000000 30119000000 30119000000 33975000000 33975000000 2488000000 2488000000 4297000000 4297000000 1039000000 1039000000 1329000000 1329000000 33646000000 39601000000 7848000000 6577000000 321000000 192000000 -335000000 -411000000 7834000000 6358000000 6577000000 4862000000 0 0 0 0 6577000000 4862000000 135000000 15000000 0 0 0 0 135000000 15000000 1189000000 1821000000 0 0 0 0 1189000000 1821000000 -54000000 -121000000 0 0 0 0 -54000000 -121000000 7848000000 6577000000 0 0 0 0 7848000000 6577000000 0 0 321000000 192000000 -335000000 -411000000 -14000000 -219000000 -100000000 -112000000 -114000000 -331000000 355000000 302000000 469000000 633000000 416000000 494000000 0 0 5000000 6000000 420000000 500000000 344000000 58000000 67000000 58000000 35000000 30000000 446000000 147000000 485000000 74000000 70000000 58000000 31000000 26000000 586000000 159000000 135000000 15000000 0 0 0 0 135000000 15000000 12000000 13000000 0 0 3000000 4000000 16000000 17000000 0 0 0 0 0 -4000000 0 -4000000 20000000 80000000 0 0 0 0 20000000 80000000 402000000 426000000 -3000000 0 12000000 18000000 411000000 444000000 25000000 25000000 437000000 470000000 4151000000 -837000000 1474000000 -71000000 267000000 62000000 5891000000 -846000000 5414000000 870000000 1451000000 319000000 317000000 77000000 7183000000 1267000000 0 0 123000000 -316000000 -5000000 -1000000 118000000 -318000000 -718000000 -193000000 0 0 -82000000 -1000000 -800000000 -194000000 0 0 5000000 9000000 -1000000 -3000000 4000000 5000000 -33000000 -50000000 1000000 -23000000 48000000 2000000 16000000 -71000000 -512000000 -1464000000 -107000000 -59000000 -11000000 -12000000 -631000000 -1535000000 -3248000000 2322000000 -1312000000 277000000 -223000000 40000000 -4782000000 2639000000 -1189000000 -1821000000 0 0 0 0 -1189000000 -1821000000 -285000000 -336000000 162000000 207000000 43000000 102000000 -80000000 -28000000 7000000 30000000 -73000000 2000000 <div id="TextBlockContainer781" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:194px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a127513" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:11.4px;">Swiss pension plan </div><div id="a127516" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:494.844px;top:11.4px;">UK pension plan </div><div id="a127519" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:586.617px;top:0px;">US and German pension </div><div id="a127520" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:619.284px;top:11.4px;">plans</div><div id="a127521" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:638.204px;top:12px;">1</div><div id="a127525" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:382.204px;top:25.5px;">31.12.22 </div><div id="a127527" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:432.364px;top:25.5px;">31.12.21 </div><div id="a127530" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:488.19px;top:25.5px;">31.12.22 </div><div id="a127532" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:538.35px;top:25.5px;">31.12.21 </div><div id="a127535" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:594.19px;top:25.5px;">31.12.22 </div><div id="a127537" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.35px;top:25.5px;">31.12.21 </div><div id="a127539" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:41.2px;">Duration of the defined benefit<div style="display:inline-block;width:3.75px"> </div>obligation (in years) </div><div id="a127542_1_4" style="position:absolute;font-family:'Frutiger 47 CN';color:#9A3D37;left:398.777px;top:41.2px;">13.1</div><div id="a127545_1_4" style="position:absolute;font-family:'Frutiger 47 CN';left:448.937px;top:41.2px;">15.1</div><div id="a127549_1_4" style="position:absolute;font-family:'Frutiger 47 CN';color:#9A3D37;left:504.777px;top:41.2px;">13.7</div><div id="a127552_1_4" style="position:absolute;font-family:'Frutiger 47 CN';left:554.937px;top:41.2px;">18.8</div><div id="a127556_1_3" style="position:absolute;font-family:'Frutiger 47 CN';color:#9A3D37;left:615.497px;top:41.2px;">7.9</div><div id="a127559_1_3" style="position:absolute;font-family:'Frutiger 47 CN';left:666.137px;top:41.2px;">9.5</div><div id="a127562" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:56.8px;">Maturity analysis of benefits expected<div style="display:inline-block;width:3.72px"> </div>to be paid </div><div id="a127573" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:72.4px;">USD m </div><div id="a127584" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:88px;">Benefits expected to be paid within 12 months </div><div id="a127587_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:394.057px;top:88px;">1,294</div><div id="a127590_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:88px;">1,312</div><div id="a127594_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:507.137px;top:88px;">107</div><div id="a127597_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:557.297px;top:88px;">110</div><div id="a127601_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.137px;top:88px;">123</div><div id="a127604_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:88px;">123</div><div id="a127607" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:104.5px;">Benefits expected to be paid between<div style="display:inline-block;width:3.74px"> </div>1 and 3 years </div><div id="a127610_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:394.057px;top:104.5px;">2,657</div><div id="a127613_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:104.5px;">2,636</div><div id="a127617_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:507.137px;top:104.5px;">234</div><div id="a127620_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:557.297px;top:104.5px;">248</div><div id="a127624_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.137px;top:104.5px;">232</div><div id="a127627_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:104.5px;">237</div><div id="a127630" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:121.1px;">Benefits expected to be paid between<div style="display:inline-block;width:3.74px"> </div>3 and 6 years </div><div id="a127633_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:394.057px;top:121.1px;">3,977</div><div id="a127636_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:121.1px;">3,824</div><div id="a127640_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:507.137px;top:121.1px;">384</div><div id="a127643_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:557.297px;top:121.1px;">418</div><div id="a127647_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.137px;top:121.1px;">335</div><div id="a127650_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:121.1px;">338</div><div id="a127653" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:137.2px;">Benefits expected to be paid between<div style="display:inline-block;width:3.74px"> </div>6 and 11 years </div><div id="a127656_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:394.057px;top:137.2px;">6,743</div><div id="a127659_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:137.2px;">6,220</div><div id="a127663_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:507.137px;top:137.2px;">667</div><div id="a127666_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:557.297px;top:137.2px;">743</div><div id="a127670_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.137px;top:137.2px;">502</div><div id="a127673_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:137.2px;">495</div><div id="a127676" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:153.8px;">Benefits expected to be paid between<div style="display:inline-block;width:3.74px"> </div>11 and 16 years </div><div id="a127679_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:394.057px;top:153.8px;">6,223</div><div id="a127682_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:153.8px;">5,572</div><div id="a127686_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:507.137px;top:153.8px;">667</div><div id="a127689_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:557.297px;top:153.8px;">751</div><div id="a127693_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.137px;top:153.8px;">388</div><div id="a127696_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:153.8px;">392</div><div id="a127699" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:169.8px;">Benefits expected to be paid in more than 16 years </div><div id="a127702_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:389.324px;top:169.8px;">22,446</div><div id="a127705_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:439.457px;top:169.8px;">18,092</div><div id="a127709_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:500.044px;top:169.8px;">2,570</div><div id="a127712_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.204px;top:169.8px;">3,028</div><div id="a127716_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.137px;top:169.8px;">516</div><div id="a127719_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:169.8px;">519</div><div id="a127722" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:185.3px;">1 The duration of the<div style="display:inline-block;width:3.49px"> </div>defined benefit obligation<div style="display:inline-block;width:3.62px"> </div>represents a weighted average<div style="display:inline-block;width:3.64px"> </div>across US and German<div style="display:inline-block;width:3.64px"> </div>plans.</div></div> P13Y1M6D P15Y1M6D P13Y8M12D P18Y9M18D P7Y10M24D P9Y6M 1294000000 1312000000 107000000 110000000 123000000 123000000 2657000000 2636000000 234000000 248000000 232000000 237000000 3977000000 3824000000 384000000 418000000 335000000 338000000 6743000000 6220000000 667000000 743000000 502000000 495000000 6223000000 5572000000 667000000 751000000 388000000 392000000 22446000000 18092000000 2570000000 3028000000 516000000 519000000 <div id="TextBlockContainer788" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:103px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_786_XBRL_TS_373d1e83766e48d091bb6a03b06f6ea9" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer787" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:103px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a127806" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Significant actuarial assumptions </div><div id="a127817" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:292.342px;top:17.2px;">Swiss pension plan </div><div id="a127820" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:399.275px;top:17.2px;">UK pension plan </div><div id="a127823" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.075px;top:17.2px;">US pension plans </div><div id="a127826" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:17.2px;">German pension plans </div><div id="a127828" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:31.4px;">In % </div><div id="a127831" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:290.448px;top:31.4px;">31.12.22 </div><div id="a127833" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.715px;top:31.4px;">31.12.21 </div><div id="a127836" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:392.662px;top:31.4px;">31.12.22 </div><div id="a127838" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.902px;top:31.4px;">31.12.21 </div><div id="a127841" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:494.875px;top:31.4px;">31.12.22 </div><div id="a127843" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:542.635px;top:31.4px;">31.12.21 </div><div id="a127846" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:597.048px;top:31.4px;">31.12.22 </div><div id="a127848" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.848px;top:31.4px;">31.12.21 </div><div id="a127850" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:47px;">Discount rate </div><div id="a127853_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:306.995px;top:47px;">2.34</div><div id="a127856_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:355.275px;top:47px;">0.34</div><div id="a127860_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:409.208px;top:47px;">5.02</div><div id="a127863_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:457.475px;top:47px;">1.82</div><div id="a127867_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.582px;top:47px;">4.92</div><div id="a127869" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:525.608px;top:47.7px;">1 </div><div id="a127871_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:556.848px;top:47px;">2.47</div><div id="a127873" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:573.408px;top:47.7px;">1 </div><div id="a127876_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.635px;top:47px;">3.81</div><div id="a127879_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.435px;top:47px;">0.99</div><div id="a127882" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:63.1px;">Rate of pension increase </div><div id="a127886_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:306.995px;top:63.1px;">0.00</div><div id="a127889_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:355.275px;top:63.1px;">0.00</div><div id="a127893_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:409.208px;top:63.1px;">3.08</div><div id="a127896_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:457.475px;top:63.1px;">3.32</div><div id="a127900_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:511.422px;top:63.1px;">0.00</div><div id="a127903_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.222px;top:63.1px;">0.00</div><div id="a127907_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.635px;top:63.1px;">2.20</div><div id="a127910_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.435px;top:63.1px;">1.80</div><div id="a127913" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:79.6px;">Rate of interest credit on retirement savings<div style="display:inline-block;width:3.87px"> </div></div><div id="a127916_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:306.995px;top:79.6px;">3.39</div><div id="a127919_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:355.275px;top:79.6px;">1.04</div><div id="a127923_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:409.208px;top:79.6px;">0.00</div><div id="a127926_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:457.475px;top:79.6px;">0.00</div><div id="a127930_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.582px;top:79.6px;">5.73</div><div id="a127932" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:525.608px;top:80.3px;">2 </div><div id="a127934_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:556.848px;top:79.6px;">1.18</div><div id="a127936" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:573.408px;top:80.3px;">2 </div><div id="a127939_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.635px;top:79.6px;">0.00</div><div id="a127942_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.435px;top:79.6px;">0.00</div><div id="a127945" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:94.7px;">1 Represents weighted average<div style="display:inline-block;width:3.81px"> </div>across US pension plans.<div style="display:inline-block;width:9.93px"> </div>2 Only applicable to<div style="display:inline-block;width:3.48px"> </div>one of the US pension plans</div></div></div></div> 0.0234 0.0034 0.0502 0.0182 0.0492 0.0247 0.0381 0.0099 0.0000 0.0000 0.0308 0.0332 0.0000 0.0000 0.0220 0.0180 0.0339 0.0104 0.0000 0.0000 0.0573 0.0118 0.0000 0.0000 <div id="TextBlockContainer791" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:263px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a127949" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Mortality tables and life expectancies<div style="display:inline-block;width:4.29px"> </div>for major plans </div><div id="a127960" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:443.288px;top:15.8px;">Life expectancy at age 65 for a male member currently </div><div id="a127965" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.062px;top:31.4px;">aged 65 </div><div id="a127968" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.995px;top:31.4px;">aged 45 </div><div id="a127970" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:47px;">Country </div><div id="a127972" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:47px;">Mortality table </div><div id="a127975" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:435.222px;top:47px;">31.12.22 </div><div id="a127977" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:47px;">31.12.21 </div><div id="a127980" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:577.195px;top:47px;">31.12.22 </div><div id="a127982" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.315px;top:47px;">31.12.21 </div><div id="a127984" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:63.1px;">Switzerland </div><div id="a127986" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:63.1px;">BVG 2020 G with CMI 2021 projections</div><div id="a127988" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:249.755px;top:63.7px;">1</div><div id="a127991_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:63.1px;">21.7</div><div id="a127994_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:63.1px;">21.7</div><div id="a127998_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:593.742px;top:63.1px;">23.4</div><div id="a128001_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:63.1px;">23.3</div><div id="a128004" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:79.2px;">UK </div><div id="a128006" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:79.2px;">S3PA with CMI 2021 projections</div><div id="a128007" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:223.235px;top:79.8px;">2</div><div id="a128010_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:79.2px;">23.5</div><div id="a128013_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:79.2px;">23.4</div><div id="a128017_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:593.742px;top:79.2px;">24.6</div><div id="a128020_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:79.2px;">24.5</div><div id="a128023" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:95.7px;">USA </div><div id="a128025" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:95.7px;">Pri-2012 with MP-2021 projection scale </div><div id="a128032_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:95.7px;">22.0</div><div id="a128035_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:95.7px;">21.9</div><div id="a128039_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:593.742px;top:95.7px;">23.3</div><div id="a128042_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:95.7px;">23.3</div><div id="a128045" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:111.8px;">Germany </div><div id="a128047" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:111.8px;">Dr. K. Heubeck<div style="display:inline-block;width:4.3px"> </div>2018 G </div><div id="a128050_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:111.8px;">20.6</div><div id="a128053_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:111.8px;">20.5</div><div id="a128057_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:593.742px;top:111.8px;">23.4</div><div id="a128060_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:111.8px;">23.2</div><div id="a128074" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:439.955px;top:143px;">Life expectancy at age 65 for a female member currently </div><div id="a128079" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.062px;top:159.1px;">aged 65 </div><div id="a128082" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.995px;top:159.1px;">aged 45 </div><div id="a128084" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:174.7px;">Country </div><div id="a128086" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:174.7px;">Mortality table </div><div id="a128089" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:435.222px;top:174.7px;">31.12.22 </div><div id="a128091" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:174.7px;">31.12.21 </div><div id="a128094" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:577.195px;top:174.7px;">31.12.22 </div><div id="a128096" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.315px;top:174.7px;">31.12.21 </div><div id="a128098" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:190.3px;">Switzerland </div><div id="a128100" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:190.3px;">BVG 2020 G with CMI 2021 projections</div><div id="a128101" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:249.755px;top:191px;">1</div><div id="a128104_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:190.3px;">23.5</div><div id="a128107_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:190.3px;">23.4</div><div id="a128111_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:593.742px;top:190.3px;">25.1</div><div id="a128114_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:190.3px;">25.0</div><div id="a128117" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:206.4px;">UK </div><div id="a128119" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:206.4px;">S3PA with CMI 2021 projections</div><div id="a128121" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:223.235px;top:207.1px;">2</div><div id="a128124_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:206.4px;">25.0</div><div id="a128127_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:206.4px;">24.9</div><div id="a128131_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:593.742px;top:206.4px;">26.4</div><div id="a128134_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:206.4px;">26.3</div><div id="a128137" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:223px;">USA </div><div id="a128139" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:223px;">Pri-2012 with MP-2021 projection scale </div><div id="a128146_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:223px;">23.4</div><div id="a128149_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:223px;">23.3</div><div id="a128153_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:593.742px;top:223px;">24.8</div><div id="a128156_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:223px;">24.7</div><div id="a128159" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:239.1px;">Germany </div><div id="a128161" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:239.1px;">Dr. K. Heubeck<div style="display:inline-block;width:4.3px"> </div>2018 G </div><div id="a128164_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:239.1px;">24.0</div><div id="a128167_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:239.1px;">23.9</div><div id="a128171_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:593.742px;top:239.1px;">26.3</div><div id="a128174_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:239.1px;">26.1</div><div id="a128177" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:254.6px;">1 In 2021, BVG 2020 G with<div style="display:inline-block;width:3.6px"> </div>CMI 2019 projections was<div style="display:inline-block;width:3.99px"> </div>used.<div style="display:inline-block;width:8.04px"> </div>2 In 2021, S3PA<div style="display:inline-block;width:3.56px"> </div>with CMI 2020<div style="display:inline-block;width:3.53px"> </div>projections was used.</div></div> 21.7 21.7 23.4 23.3 23.5 23.4 24.6 24.5 22.0 21.9 23.3 23.3 20.6 20.5 23.4 23.2 23.5 23.4 25.1 25.0 25.0 24.9 26.4 26.3 23.4 23.3 24.8 24.7 24.0 23.9 26.3 26.1 <div id="TextBlockContainer797" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:231px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a128199" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:2.8px;">Sensitivity analysis of significant actuarial<div style="display:inline-block;width:4.25px"> </div>assumptions</div><div id="a128201" style="position:absolute;font-family:'Frutiger';font-size:6.148px;font-weight:bold;font-style:normal;left:262.048px;top:3.5px;">1</div><div id="a128212" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:17.7px;">Increase / (decrease) in defined benefit obligation </div><div id="a128215" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:17.7px;">Swiss pension plan </div><div id="a128218" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:449.915px;top:17.7px;">UK pension plan </div><div id="a128221" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.635px;top:17.7px;">US and German pension plans </div><div id="a128223" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:31.4px;">USD m </div><div id="a128226" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:307.475px;top:31.4px;">31.12.22 </div><div id="a128228" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.768px;top:31.4px;">31.12.21 </div><div id="a128231" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:443.768px;top:31.4px;">31.12.22 </div><div id="a128233" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:507.635px;top:31.4px;">31.12.21 </div><div id="a128236" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:579.075px;top:31.4px;">31.12.22 </div><div id="a128238" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:643.902px;top:31.4px;">31.12.21 </div><div id="a128240" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:44.6px;">Discount rate </div><div id="a128251" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:59.3px;">Increase by 50 basis points </div><div id="a128254_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:314.568px;top:59.3px;display:flex;">(1,128)</div><div id="a128257_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.382px;top:59.3px;display:flex;">(1,695)</div><div id="a128261_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.955px;top:59.3px;display:flex;">(141)</div><div id="a128264_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.822px;top:59.3px;display:flex;">(361)</div><div id="a128268_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:598.475px;top:59.3px;display:flex;">(51)</div><div id="a128271_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.848px;top:59.3px;display:flex;">(78)</div><div id="a128274" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:73.5px;">Decrease by 50 basis points </div><div id="a128277_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:319.302px;top:73.5px;">1,269</div><div id="a128280_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:73.5px;">1,933</div><div id="a128284_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:462.688px;top:73.5px;">157</div><div id="a128287_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:526.555px;top:73.5px;">411</div><div id="a128291_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:603.235px;top:73.5px;">55</div><div id="a128294_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.048px;top:73.5px;">84</div><div id="a128297" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:87.7px;">Rate of pension increase </div><div id="a128308" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:102.3px;">Increase by 50 basis points </div><div id="a128311_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:326.395px;top:102.3px;">877</div><div id="a128314_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:102.3px;">1,333</div><div id="a128318_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:462.688px;top:102.3px;">127</div><div id="a128321_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:526.555px;top:102.3px;">334</div><div id="a128325_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:607.955px;top:102.3px;">4</div><div id="a128328_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.782px;top:102.3px;">6</div><div id="a128331" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:116.5px;">Decrease by 50 basis points </div><div id="a128334" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:333.008px;top:116.5px;">–</div><div id="a128335" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:338.248px;top:117.2px;">2</div><div id="a128337" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:398.342px;top:116.5px;">–</div><div id="a128338" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:403.542px;top:117.2px;">2</div><div id="a128341_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.955px;top:116.5px;display:flex;">(118)</div><div id="a128344_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.822px;top:116.5px;display:flex;">(306)</div><div id="a128348_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:603.235px;top:116.5px;display:flex;">(3)</div><div id="a128351_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:116.5px;display:flex;">(6)</div><div id="a128354" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:130.7px;">Rate of interest credit on retirement<div style="display:inline-block;width:3.77px"> </div>savings </div><div id="a128365" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:145.4px;">Increase by 50 basis points </div><div id="a128368_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:326.395px;top:145.4px;">178</div><div id="a128371_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:391.715px;top:145.4px;">224</div><div id="a128375" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:469.302px;top:145.4px;">–</div><div id="a128376" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:474.502px;top:146.1px;">3 </div><div id="a128378" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.182px;top:145.4px;">–</div><div id="a128379" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:538.382px;top:146.1px;">3 </div><div id="a128382_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:607.955px;top:145.4px;">9</div><div id="a128385_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.782px;top:145.4px;">8</div><div id="a128388" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:159.6px;">Decrease by 50 basis points </div><div id="a128391_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:321.662px;top:159.6px;display:flex;">(178)</div><div id="a128394_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.955px;top:159.6px;display:flex;">(224)</div><div id="a128398" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:469.302px;top:159.6px;">–</div><div id="a128399" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:474.502px;top:160.2px;">3 </div><div id="a128401" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.182px;top:159.6px;">–</div><div id="a128402" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:538.382px;top:160.2px;">3 </div><div id="a128405_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:603.235px;top:159.6px;display:flex;">(8)</div><div id="a128408_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:159.6px;display:flex;">(7)</div><div id="a128411" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:173.8px;">Life expectancy </div><div id="a128422" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:188.4px;">Increase in longevity by one additional year </div><div id="a128425_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:326.395px;top:188.4px;">593</div><div id="a128428_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:391.715px;top:188.4px;">915</div><div id="a128432_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:467.888px;top:188.4px;">65</div><div id="a128435_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:526.555px;top:188.4px;">184</div><div id="a128439_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:603.235px;top:188.4px;">39</div><div id="a128442_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.048px;top:188.4px;">56</div><div id="a128445" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:202.5px;">1 The sensitivity analyses are based on a change in one assumption while<div style="display:inline-block;width:3.99px"> </div>holding all other assumptions constant, so that interdependencies<div style="display:inline-block;width:4.35px"> </div>between the assumptions are excluded.<div style="display:inline-block;width:8.69px"> </div>2 As the assumed rate of pension </div><div id="a128447" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:212.9px;">increase was </div><div id="a128447_13_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:45.767px;top:212.9px;">0</div><div id="a128447_14_193" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:50.023px;top:212.9px;">% as of 31 December 2022<div style="display:inline-block;width:3.88px"> </div>and as of 31 December<div style="display:inline-block;width:3.51px"> </div>2021, a downward change<div style="display:inline-block;width:3.55px"> </div>in assumption is<div style="display:inline-block;width:3.45px"> </div>not applicable.<div style="display:inline-block;width:9.6px"> </div>3 As the UK plan does<div style="display:inline-block;width:3.81px"> </div>not provide interest credits<div style="display:inline-block;width:3.61px"> </div>on retirement savings,<div style="display:inline-block;width:3.61px"> </div>a change in </div><div id="a128451" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:222.9px;">assumption is not applicable.</div></div> -1128000000 -1695000000 -141000000 -361000000 -51000000 -78000000 1269000000 1933000000 157000000 411000000 55000000 84000000 877000000 1333000000 127000000 334000000 4000000 6000000 -118000000 -306000000 -3000000 -6000000 178000000 224000000 9000000 8000000 -178000000 -224000000 -8000000 -7000000 593000000 915000000 65000000 184000000 39000000 56000000 0 0 <div id="TextBlockContainer804" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:688px;height:526px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_802_XBRL_TS_05a1a99088b744d5a158e81806d2580a" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer803" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:688px;height:526px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a128510" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Composition and fair value<div style="display:inline-block;width:4.16px"> </div>of plan assets </div><div id="a128527" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:3.679px;top:27.4px;">Swiss pension plan </div><div id="a128546" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:43.2px;">31.12.22 </div><div id="a128549" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:548.808px;top:43.2px;">31.12.21 </div><div id="a128553" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:268.195px;top:71.6px;">Fair value </div><div id="a128556" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:405.902px;top:59.8px;">Plan asset </div><div id="a128558" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:396.915px;top:71.6px;">allocation % </div><div id="a128561" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:508.582px;top:71.6px;">Fair value </div><div id="a128564" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:643.422px;top:59.8px;">Plan asset </div><div id="a128566" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:634.448px;top:71.6px;">allocation % </div><div id="a128568" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:107.1px;">USD m </div><div id="a128571" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:243.128px;top:83.9px;">Quoted </div><div id="a128573" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:228.435px;top:95.2px;">in an active </div><div id="a128575" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:244.542px;top:107.1px;">market </div><div id="a128577" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:293.755px;top:107.1px;">Other </div><div id="a128580" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:343.448px;top:107.1px;">Total </div><div id="a128585" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:483.488px;top:83.9px;">Quoted </div><div id="a128587" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.835px;top:95.2px;">in an active </div><div id="a128589" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:484.915px;top:107.1px;">market </div><div id="a128591" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:534.128px;top:107.1px;">Other </div><div id="a128594" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.808px;top:107.1px;">Total </div><div id="a128598" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:120.3px;">Cash and cash equivalents </div><div id="a128602_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:255.422px;top:120.3px;">326</div><div id="a128605_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:120.3px;">0</div><div id="a128609_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:346.755px;top:120.3px;">326</div><div id="a128613_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.062px;top:120.3px;">1</div><div id="a128617_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:495.822px;top:120.3px;">187</div><div id="a128620_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:120.3px;">0</div><div id="a128624_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.115px;top:120.3px;">187</div><div id="a128628_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.622px;top:120.3px;">1</div><div id="a128631" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:134.5px;">Real estate / property </div><div id="a128647" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:148.7px;">Domestic </div><div id="a128650_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:265.355px;top:148.7px;">0</div><div id="a128653_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:292.342px;top:148.7px;">3,783</div><div id="a128657_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:339.662px;top:148.7px;">3,783</div><div id="a128661_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:433.328px;top:148.7px;">13</div><div id="a128665_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.755px;top:148.7px;">0</div><div id="a128668_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.702px;top:148.7px;">3,530</div><div id="a128672_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.022px;top:148.7px;">3,530</div><div id="a128676_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.888px;top:148.7px;">10</div><div id="a128679" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:163.4px;">Foreign </div><div id="a128682_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:265.355px;top:163.4px;">0</div><div id="a128685_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:299.435px;top:163.4px;">919</div><div id="a128689_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:346.755px;top:163.4px;">919</div><div id="a128693_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.062px;top:163.4px;">3</div><div id="a128697_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.755px;top:163.4px;">0</div><div id="a128700_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:163.4px;">580</div><div id="a128704_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.115px;top:163.4px;">580</div><div id="a128708_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.622px;top:163.4px;">2</div><div id="a128711" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:177.6px;">Investment funds </div><div id="a128727" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:191.7px;">Equity<div style="display:inline-block;width:9.65px"> </div></div><div id="a128743" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:206.4px;">Domestic </div><div id="a128746_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:255.422px;top:206.4px;">743</div><div id="a128749_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:206.4px;">0</div><div id="a128753_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:346.755px;top:206.4px;">743</div><div id="a128757_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.062px;top:206.4px;">2</div><div id="a128761_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:495.822px;top:206.4px;">843</div><div id="a128764_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:206.4px;">0</div><div id="a128768_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.115px;top:206.4px;">843</div><div id="a128772_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.622px;top:206.4px;">2</div><div id="a128775" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:220.6px;">Foreign </div><div id="a128778_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:248.328px;top:220.6px;">4,964</div><div id="a128781_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:292.342px;top:220.6px;">2,171</div><div id="a128785_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:339.662px;top:220.6px;">7,134</div><div id="a128789_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:433.328px;top:220.6px;">24</div><div id="a128793_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:488.688px;top:220.6px;">6,213</div><div id="a128796_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.702px;top:220.6px;">2,652</div><div id="a128800_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.022px;top:220.6px;">8,865</div><div id="a128804_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.888px;top:220.6px;">26</div><div id="a128807" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:234.8px;">Bonds</div><div id="a128808" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:35.395px;top:235.5px;">1</div><div id="a128824" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:249.5px;">Domestic, AAA to BBB– </div><div id="a128828_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:248.328px;top:249.5px;">3,760</div><div id="a128831_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:249.5px;">0</div><div id="a128835_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:339.662px;top:249.5px;">3,760</div><div id="a128839_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:433.328px;top:249.5px;">12</div><div id="a128843_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:488.688px;top:249.5px;">4,446</div><div id="a128846_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:249.5px;">0</div><div id="a128850_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.022px;top:249.5px;">4,446</div><div id="a128854_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.888px;top:249.5px;">13</div><div id="a128857" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:263.7px;">Foreign, AAA<div style="display:inline-block;width:3.74px"> </div>to BBB– </div><div id="a128861_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:248.328px;top:263.7px;">6,031</div><div id="a128864_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:263.7px;">0</div><div id="a128868_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:339.662px;top:263.7px;">6,031</div><div id="a128872_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:433.328px;top:263.7px;">20</div><div id="a128876_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:488.688px;top:263.7px;">5,093</div><div id="a128879_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:263.7px;">0</div><div id="a128883_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.022px;top:263.7px;">5,093</div><div id="a128887_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.888px;top:263.7px;">15</div><div id="a128890" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:277.9px;">Foreign, below BBB– </div><div id="a128894_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:248.328px;top:277.9px;">1,062</div><div id="a128897_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:277.9px;">0</div><div id="a128901_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:339.662px;top:277.9px;">1,062</div><div id="a128905_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.062px;top:277.9px;">4</div><div id="a128909_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:488.688px;top:277.9px;">1,314</div><div id="a128912_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:277.9px;">0</div><div id="a128916_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.022px;top:277.9px;">1,314</div><div id="a128920_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.622px;top:277.9px;">4</div><div id="a128923" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:292.1px;">Other </div><div id="a128926_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:248.328px;top:292.1px;">1,540</div><div id="a128929_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:292.342px;top:292.1px;">3,547</div><div id="a128933_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:339.662px;top:292.1px;">5,086</div><div id="a128937_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:433.328px;top:292.1px;">17</div><div id="a128941_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:488.688px;top:292.1px;">4,211</div><div id="a128944_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.702px;top:292.1px;">3,558</div><div id="a128948_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.022px;top:292.1px;">7,769</div><div id="a128952_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.888px;top:292.1px;">23</div><div id="a128955" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:306.7px;">Other investments </div><div id="a128958_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:255.422px;top:306.7px;">624</div><div id="a128961_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:299.435px;top:306.7px;">651</div><div id="a128965_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:339.662px;top:306.7px;">1,275</div><div id="a128969_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.062px;top:306.7px;">4</div><div id="a128973_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:495.822px;top:306.7px;">668</div><div id="a128976_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:306.7px;">682</div><div id="a128980_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.022px;top:306.7px;">1,349</div><div id="a128984_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.622px;top:306.7px;">4</div><div id="a128987" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:320.9px;">Total fair value of plan<div style="display:inline-block;width:4.01px"> </div>assets </div><div id="a128990_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:243.595px;top:320.9px;">19,049</div><div id="a128993_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:287.608px;top:320.9px;">11,071</div><div id="a128997_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:334.902px;top:320.9px;">30,119</div><div id="a129001_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:428.128px;top:320.9px;">100</div><div id="a129005_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:483.968px;top:320.9px;">22,973</div><div id="a129008_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:527.982px;top:320.9px;">11,002</div><div id="a129012_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.302px;top:320.9px;">33,975</div><div id="a129016_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.688px;top:320.9px;">100</div><div id="a129039" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:327.808px;top:347.9px;">31.12.22 </div><div id="a129047" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.208px;top:347.9px;">31.12.21 </div><div id="a129051" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:362.5px;">Total fair value of plan<div style="display:inline-block;width:4.01px"> </div>assets </div><div id="a129057_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:334.902px;top:362.5px;">30,119</div><div id="a129066_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.302px;top:362.5px;">33,975</div><div id="a129071" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:376.3px;">of which:</div><div id="a129072" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:37.287px;top:376.9px;">2</div><div id="a129088" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:390.5px;">Bank accounts at UBS<div style="display:inline-block;width:3.17px"> </div></div><div id="a129094_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:346.755px;top:390.5px;">337</div><div id="a129103_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:587.115px;top:390.5px;">194</div><div id="a129108" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:405.1px;">UBS debt instruments </div><div id="a129114_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:351.955px;top:405.1px;">50</div><div id="a129123_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:592.328px;top:405.1px;">28</div><div id="a129128" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:419.3px;">UBS shares </div><div id="a129134_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:351.955px;top:419.3px;">27</div><div id="a129143_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:592.328px;top:419.3px;">25</div><div id="a129148" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:433.5px;">Securities lent to UBS</div><div id="a129149" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:90.288px;top:434.1px;">3</div><div id="a129155_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:346.755px;top:433.5px;">871</div><div id="a129164_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:580.022px;top:433.5px;">1,079</div><div id="a129169" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:448.2px;">Property occupied by UBS </div><div id="a129175_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:351.955px;top:448.2px;">90</div><div id="a129184_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:592.328px;top:448.2px;">93</div><div id="a129189" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:462.4px;">Derivative financial instruments, counterparty<div style="display:inline-block;width:4.39px"> </div>UBS</div><div id="a129190" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:194.862px;top:463px;">3</div><div id="a129196_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:351.955px;top:462.4px;">76</div><div id="a129205_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:587.115px;top:462.4px;">128</div><div id="a129210" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:476.9px;">1 The bond credit<div style="display:inline-block;width:3.65px"> </div>ratings are primarily<div style="display:inline-block;width:4.26px"> </div>based on S&amp;P’s credit<div style="display:inline-block;width:3.95px"> </div>ratings. Ratings<div style="display:inline-block;width:3.79px"> </div>AAA to BBB<div style="display:inline-block;width:1.6px"> </div>–<div style="display:inline-block;width:1.89px"> </div>and below<div style="display:inline-block;width:3.47px"> </div>BBB– represent investment<div style="display:inline-block;width:4.28px"> </div>grade and non-investment<div style="display:inline-block;width:3.85px"> </div>grade ratings,<div style="display:inline-block;width:3.63px"> </div>respectively.<div style="display:inline-block;width:3.43px"> </div>In cases where<div style="display:inline-block;width:3.65px"> </div>credit ratings </div><div id="a129221" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:486.9px;">from other rating<div style="display:inline-block;width:3.61px"> </div>agencies were<div style="display:inline-block;width:3.8px"> </div>used, these were<div style="display:inline-block;width:3.96px"> </div>converted to<div style="display:inline-block;width:3.45px"> </div>the equivalent<div style="display:inline-block;width:3.93px"> </div>rating in S&amp;P’s<div style="display:inline-block;width:4.42px"> </div>rating classification.<div style="display:inline-block;width:11.51px"> </div>2 Bank<div style="display:inline-block;width:3.59px"> </div>accounts at UBS<div style="display:inline-block;width:3.64px"> </div>encompass accounts<div style="display:inline-block;width:3.62px"> </div>in the<div style="display:inline-block;width:3.63px"> </div>name of the Swiss<div style="display:inline-block;width:4.26px"> </div>pension fund.<div style="display:inline-block;width:3.63px"> </div>The other </div><div id="a129224" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:496.8px;">positions disclosed in the table encompass both<div style="display:inline-block;width:3.48px"> </div>direct investments in UBS instruments<div style="display:inline-block;width:3.45px"> </div>and indirect investments, i.e., those<div style="display:inline-block;width:3.79px"> </div>made through funds that the pension<div style="display:inline-block;width:3.59px"> </div>fund invests in.<div style="display:inline-block;width:8.04px"> </div>3 Securities lent to UBS and derivative </div><div id="a129227" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:507.2px;">financial instruments<div style="display:inline-block;width:3.47px"> </div>are presented<div style="display:inline-block;width:4.11px"> </div>gross of any co<div style="display:inline-block;width:1.83px"> </div>llateral. Securities<div style="display:inline-block;width:3.94px"> </div>lent to UBS<div style="display:inline-block;width:3.94px"> </div>were fully<div style="display:inline-block;width:3.63px"> </div>covered by collateral<div style="display:inline-block;width:4.4px"> </div>as of 31<div style="display:inline-block;width:3.66px"> </div>December 2022<div style="display:inline-block;width:3.67px"> </div>and 31 December<div style="display:inline-block;width:3.82px"> </div>2021. Net<div style="display:inline-block;width:3.53px"> </div>of collateral,<div style="display:inline-block;width:4.03px"> </div>derivative financial<div style="display:inline-block;width:4.24px"> </div>instruments </div><div id="a129230" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:517.1px;">amounted to negative USD </div><div id="a129230_25_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:90.22px;top:517.1px;">8</div><div id="a129230_26_57" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:94.476px;top:517.1px;">m as of 31 December 2022<div style="display:inline-block;width:3.55px"> </div>(31 December 2021:<div style="display:inline-block;width:3.4px"> </div>positive USD </div><div id="a129230_83_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:291.204px;top:517.1px;">43</div><div id="a129230_85_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:299.716px;top:517.1px;">m).</div></div></div></div><div id="TextBlockContainer807" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:688px;height:440px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a129273" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Composition and fair value<div style="display:inline-block;width:4.16px"> </div>of plan assets (continued) </div><div id="a129290" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:3.679px;top:27.5px;">UK pension plan </div><div id="a129309" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:42.8px;">31.12.22 </div><div id="a129312" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:548.808px;top:42.8px;">31.12.21 </div><div id="a129316" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:268.195px;top:71.1px;">Fair value </div><div id="a129319" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:405.902px;top:59.8px;">Plan asset </div><div id="a129321" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:396.915px;top:71.1px;">allocation % </div><div id="a129324" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:508.582px;top:71.1px;">Fair value </div><div id="a129327" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:643.422px;top:59.8px;">Plan asset </div><div id="a129329" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:634.448px;top:71.1px;">allocation % </div><div id="a129331" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:107.1px;">USD m </div><div id="a129334" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:243.128px;top:83.9px;">Quoted </div><div id="a129336" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:228.435px;top:95.2px;">in an active </div><div id="a129338" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:244.542px;top:107.1px;">market </div><div id="a129340" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:293.755px;top:107.1px;">Other </div><div id="a129343" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:343.448px;top:107.1px;">Total </div><div id="a129348" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:483.488px;top:83.9px;">Quoted </div><div id="a129350" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.835px;top:95.2px;">in an active </div><div id="a129352" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:484.915px;top:107.1px;">market </div><div id="a129354" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:534.128px;top:107.1px;">Other </div><div id="a129357" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.808px;top:107.1px;">Total </div><div id="a129361" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:119.9px;">Cash and cash equivalents </div><div id="a129365_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:255.422px;top:119.9px;">104</div><div id="a129368_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:119.9px;">0</div><div id="a129372_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:346.755px;top:119.9px;">104</div><div id="a129376_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.062px;top:119.9px;">4</div><div id="a129380_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:495.822px;top:119.9px;">147</div><div id="a129383_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:119.9px;">0</div><div id="a129387_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.115px;top:119.9px;">147</div><div id="a129391_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.622px;top:119.9px;">3</div><div id="a129394" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:134.5px;">Bonds</div><div id="a129395" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:26.411px;top:135.2px;">1</div><div id="a129411" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:148.7px;">Domestic, AAA to BBB– </div><div id="a129415_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:248.328px;top:148.7px;">1,729</div><div id="a129418_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:148.7px;">0</div><div id="a129422_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:339.662px;top:148.7px;">1,729</div><div id="a129426_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:433.328px;top:148.7px;">69</div><div id="a129430_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:488.688px;top:148.7px;">2,605</div><div id="a129433_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:148.7px;">0</div><div id="a129437_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.022px;top:148.7px;">2,605</div><div id="a129441_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.888px;top:148.7px;">61</div><div id="a129444" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:162.9px;">Foreign, AAA<div style="display:inline-block;width:3.74px"> </div>to BBB– </div><div id="a129448_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:255.422px;top:162.9px;">297</div><div id="a129451_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:162.9px;">0</div><div id="a129455_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:346.755px;top:162.9px;">297</div><div id="a129459_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:433.328px;top:162.9px;">12</div><div id="a129463_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:495.822px;top:162.9px;">372</div><div id="a129466_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:162.9px;">0</div><div id="a129470_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.115px;top:162.9px;">372</div><div id="a129474_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.622px;top:162.9px;">9</div><div id="a129477" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:177.6px;">Foreign, below BBB– </div><div id="a129481_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:265.355px;top:177.6px;">7</div><div id="a129484_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:177.6px;">0</div><div id="a129488_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:356.688px;top:177.6px;">7</div><div id="a129492_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.062px;top:177.6px;">0</div><div id="a129496_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.755px;top:177.6px;">4</div><div id="a129499_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:177.6px;">0</div><div id="a129503_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.048px;top:177.6px;">4</div><div id="a129507_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.622px;top:177.6px;">0</div><div id="a129510" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:191.8px;">Investment funds </div><div id="a129526" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:206px;">Equity<div style="display:inline-block;width:9.65px"> </div></div><div id="a129542" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:220.6px;">Domestic </div><div id="a129545_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:260.622px;top:220.6px;">19</div><div id="a129548_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:220.6px;">3</div><div id="a129552_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:351.955px;top:220.6px;">22</div><div id="a129556_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.062px;top:220.6px;">1</div><div id="a129560_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.022px;top:220.6px;">44</div><div id="a129563_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:220.6px;">4</div><div id="a129567_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.328px;top:220.6px;">47</div><div id="a129571_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.622px;top:220.6px;">1</div><div id="a129574" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:234.8px;">Foreign </div><div id="a129577_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:255.422px;top:234.8px;">366</div><div id="a129580_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:234.8px;">0</div><div id="a129584_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:346.755px;top:234.8px;">366</div><div id="a129588_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:433.328px;top:234.8px;">15</div><div id="a129592_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:495.822px;top:234.8px;">921</div><div id="a129595_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:234.8px;">0</div><div id="a129599_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.115px;top:234.8px;">921</div><div id="a129603_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.888px;top:234.8px;">21</div><div id="a129606" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:249px;">Bonds</div><div id="a129607" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:35.395px;top:249.6px;">1</div><div id="a129623" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:263.7px;">Domestic, AAA to BBB– </div><div id="a129627_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:255.422px;top:263.7px;">367</div><div id="a129630_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:304.635px;top:263.7px;">90</div><div id="a129634_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:346.755px;top:263.7px;">457</div><div id="a129638_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:433.328px;top:263.7px;">18</div><div id="a129642_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:495.822px;top:263.7px;">532</div><div id="a129645_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:263.7px;">147</div><div id="a129649_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.115px;top:263.7px;">679</div><div id="a129653_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.888px;top:263.7px;">16</div><div id="a129656" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:277.9px;">Domestic, below BBB– </div><div id="a129660_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:265.355px;top:277.9px;">1</div><div id="a129663_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:277.9px;">0</div><div id="a129667_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:356.688px;top:277.9px;">1</div><div id="a129671_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.062px;top:277.9px;">0</div><div id="a129675_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.022px;top:277.9px;">12</div><div id="a129678_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:277.9px;">0</div><div id="a129682_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.328px;top:277.9px;">12</div><div id="a129686_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.622px;top:277.9px;">0</div><div id="a129689" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:292.1px;">Foreign, AAA<div style="display:inline-block;width:3.74px"> </div>to BBB– </div><div id="a129693_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:260.622px;top:292.1px;">90</div><div id="a129696_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:292.1px;">0</div><div id="a129700_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:351.955px;top:292.1px;">90</div><div id="a129704_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.062px;top:292.1px;">4</div><div id="a129708_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:495.822px;top:292.1px;">179</div><div id="a129711_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:292.1px;">0</div><div id="a129715_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.115px;top:292.1px;">179</div><div id="a129719_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.622px;top:292.1px;">4</div><div id="a129722" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:306.3px;">Foreign, below BBB– </div><div id="a129726_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:255.422px;top:306.3px;">114</div><div id="a129729_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:306.3px;">0</div><div id="a129733_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:346.755px;top:306.3px;">114</div><div id="a129737_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.062px;top:306.3px;">5</div><div id="a129741_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:495.822px;top:306.3px;">115</div><div id="a129744_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:306.3px;">0</div><div id="a129748_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.115px;top:306.3px;">115</div><div id="a129752_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.622px;top:306.3px;">3</div><div id="a129755" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:320.9px;">Real estate </div><div id="a129771" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:335.1px;">Domestic </div><div id="a129774_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:260.622px;top:335.1px;">64</div><div id="a129777_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:335.1px;">0</div><div id="a129781_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:351.955px;top:335.1px;">64</div><div id="a129785_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.062px;top:335.1px;">3</div><div id="a129789_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:495.822px;top:335.1px;">110</div><div id="a129792_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.995px;top:335.1px;">12</div><div id="a129796_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.115px;top:335.1px;">122</div><div id="a129800_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.622px;top:335.1px;">3</div><div id="a129803" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:349.3px;">Foreign </div><div id="a129806_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:265.355px;top:349.3px;">6</div><div id="a129809_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:304.635px;top:349.3px;">31</div><div id="a129813_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:351.955px;top:349.3px;">36</div><div id="a129817_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.062px;top:349.3px;">1</div><div id="a129821_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.755px;top:349.3px;">6</div><div id="a129824_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.995px;top:349.3px;">34</div><div id="a129828_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.328px;top:349.3px;">40</div><div id="a129832_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.622px;top:349.3px;">1</div><div id="a129835" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:364px;">Other </div><div id="a129838_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:250.688px;top:364px;display:flex;">(280)</div><div id="a129841_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:364px;">0</div><div id="a129845_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:364px;display:flex;">(280)</div><div id="a129849_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:428.595px;top:364px;display:flex;">(11)</div><div id="a129853_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:364px;display:flex;">(313)</div><div id="a129856_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:364px;">0</div><div id="a129860_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.395px;top:364px;display:flex;">(313)</div><div id="a129864_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:670.408px;top:364px;display:flex;">(7)</div><div id="a129867" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:378.2px;">Repurchase agreements </div><div id="a129870_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:250.688px;top:378.2px;display:flex;">(612)</div><div id="a129873_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:378.2px;">0</div><div id="a129877_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:378.2px;display:flex;">(612)</div><div id="a129881_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:428.595px;top:378.2px;display:flex;">(25)</div><div id="a129885_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:378.2px;display:flex;">(725)</div><div id="a129888_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:378.2px;">0</div><div id="a129892_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.395px;top:378.2px;display:flex;">(725)</div><div id="a129896_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.688px;top:378.2px;display:flex;">(17)</div><div id="a129899" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:392.4px;">Other investments </div><div id="a129902_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:260.622px;top:392.4px;">66</div><div id="a129905_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:304.635px;top:392.4px;">27</div><div id="a129909_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:351.955px;top:392.4px;">94</div><div id="a129913_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.062px;top:392.4px;">4</div><div id="a129917_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.022px;top:392.4px;">65</div><div id="a129920_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.995px;top:392.4px;">26</div><div id="a129924_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.328px;top:392.4px;">91</div><div id="a129928_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.622px;top:392.4px;">2</div><div id="a129931" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:407px;">Total fair value of plan<div style="display:inline-block;width:4.01px"> </div>assets </div><div id="a129934_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:248.328px;top:407px;">2,336</div><div id="a129937_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:299.435px;top:407px;">151</div><div id="a129941_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:339.662px;top:407px;">2,488</div><div id="a129945_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:428.128px;top:407px;">100</div><div id="a129949_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:488.688px;top:407px;">4,074</div><div id="a129952_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:407px;">223</div><div id="a129956_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.022px;top:407px;">4,297</div><div id="a129960_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.688px;top:407px;">100</div><div id="a129963" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:421.1px;">1 The bond credit<div style="display:inline-block;width:3.65px"> </div>ratings are primarily<div style="display:inline-block;width:4.26px"> </div>based on S&amp;P’s credit<div style="display:inline-block;width:3.95px"> </div>ratings. Ratings<div style="display:inline-block;width:3.79px"> </div>AAA to BBB<div style="display:inline-block;width:1.6px"> </div>–<div style="display:inline-block;width:1.89px"> </div>and below<div style="display:inline-block;width:3.47px"> </div>BBB– represent investment<div style="display:inline-block;width:4.28px"> </div>grade and non-investment<div style="display:inline-block;width:3.85px"> </div>grade ratings,<div style="display:inline-block;width:3.63px"> </div>respectively. In<div style="display:inline-block;width:3.53px"> </div>cases where<div style="display:inline-block;width:3.48px"> </div>credit ratings </div><div id="a129973" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:431.5px;">from other rating agencies were<div style="display:inline-block;width:3.95px"> </div>used, these were converted to<div style="display:inline-block;width:3.47px"> </div>the equivalent rating in<div style="display:inline-block;width:3.62px"> </div>S&amp;P’s rating<div style="display:inline-block;width:3.63px"> </div>classification.</div></div><div id="TextBlockContainer812" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:688px;height:441px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_810_XBRL_TS_699827dc92a44d67b12e4131bc6c0640" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer811" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:688px;height:441px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a129976" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">US and German pension<div style="display:inline-block;width:4.24px"> </div>plans </div><div id="a129994" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:15.3px;">31.12.22 </div><div id="a129997" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:548.808px;top:15.3px;">31.12.21 </div><div id="a130001" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:268.195px;top:43.7px;">Fair value </div><div id="a130004" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.902px;top:30.9px;">Plan asset </div><div id="a130006" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.915px;top:42.8px;">allocation % </div><div id="a130009" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:508.582px;top:43.7px;">Fair value </div><div id="a130012" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:643.422px;top:32.3px;">Plan asset </div><div id="a130015" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:634.448px;top:43.7px;">allocation % </div><div id="a130017" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:79.6px;">USD m </div><div id="a130020" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:243.128px;top:56px;">Quoted </div><div id="a130022" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:228.435px;top:67.8px;">in an active </div><div id="a130024" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.542px;top:79.6px;">market </div><div id="a130026" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:293.755px;top:79.6px;">Other </div><div id="a130029" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:343.448px;top:79.6px;">Total </div><div id="a130034" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:483.488px;top:56px;">Quoted </div><div id="a130036" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:468.835px;top:67.8px;">in an active </div><div id="a130038" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:484.915px;top:79.6px;">market </div><div id="a130040" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:534.128px;top:79.6px;">Other </div><div id="a130043" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:583.808px;top:79.6px;">Total </div><div id="a130047" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:92.4px;">Cash and cash equivalents </div><div id="a130051_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:265.355px;top:92.4px;">7</div><div id="a130054_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:92.4px;">0</div><div id="a130058_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:92.4px;">7</div><div id="a130062_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.062px;top:92.4px;">1</div><div id="a130066_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.022px;top:92.4px;">11</div><div id="a130069_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:549.755px;top:92.4px;">0</div><div id="a130073_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:592.328px;top:92.4px;">11</div><div id="a130077_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:675.622px;top:92.4px;">1</div><div id="a130080" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:107.1px;">Equity </div><div id="a130096" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:121.3px;">Domestic </div><div id="a130099_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:260.622px;top:121.3px;">55</div><div id="a130102_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:121.3px;">0</div><div id="a130106_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:351.955px;top:121.3px;">55</div><div id="a130110_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.062px;top:121.3px;">5</div><div id="a130114_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.022px;top:121.3px;">79</div><div id="a130117_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:549.755px;top:121.3px;">0</div><div id="a130121_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:592.328px;top:121.3px;">79</div><div id="a130125_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:675.622px;top:121.3px;">6</div><div id="a130128" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:135.5px;">Foreign </div><div id="a130131_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:260.622px;top:135.5px;">24</div><div id="a130134_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:135.5px;">0</div><div id="a130138_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:351.955px;top:135.5px;">24</div><div id="a130142_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.062px;top:135.5px;">2</div><div id="a130146_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.022px;top:135.5px;">31</div><div id="a130149_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:549.755px;top:135.5px;">0</div><div id="a130153_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:592.328px;top:135.5px;">31</div><div id="a130157_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:675.622px;top:135.5px;">2</div><div id="a130160" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:150.1px;">Bonds</div><div id="a130161" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:26.411px;top:150.8px;">1</div><div id="a130177" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:164.3px;">Domestic, AAA to BBB– </div><div id="a130181_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:255.422px;top:164.3px;">359</div><div id="a130184_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:164.3px;">0</div><div id="a130188_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:346.755px;top:164.3px;">359</div><div id="a130192_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:433.328px;top:164.3px;">35</div><div id="a130196_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:495.822px;top:164.3px;">486</div><div id="a130199_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:549.755px;top:164.3px;">0</div><div id="a130203_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:587.115px;top:164.3px;">486</div><div id="a130207_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:670.888px;top:164.3px;">37</div><div id="a130210" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:178.5px;">Domestic, below BBB– </div><div id="a130214_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:265.355px;top:178.5px;">4</div><div id="a130217_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:178.5px;">0</div><div id="a130221_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:178.5px;">4</div><div id="a130225_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.062px;top:178.5px;">0</div><div id="a130229_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.022px;top:178.5px;">17</div><div id="a130232_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:549.755px;top:178.5px;">0</div><div id="a130236_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:592.328px;top:178.5px;">17</div><div id="a130240_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:675.622px;top:178.5px;">1</div><div id="a130243" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:193.2px;">Foreign, AAA<div style="display:inline-block;width:3.74px"> </div>to BBB– </div><div id="a130247_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:260.622px;top:193.2px;">74</div><div id="a130250_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:193.2px;">0</div><div id="a130254_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:351.955px;top:193.2px;">74</div><div id="a130258_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.062px;top:193.2px;">7</div><div id="a130262_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.022px;top:193.2px;">97</div><div id="a130265_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:549.755px;top:193.2px;">0</div><div id="a130269_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:592.328px;top:193.2px;">97</div><div id="a130273_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:675.622px;top:193.2px;">7</div><div id="a130276" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:207.4px;">Foreign, below BBB– </div><div id="a130280_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:265.355px;top:207.4px;">3</div><div id="a130283_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:207.4px;">0</div><div id="a130287_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:207.4px;">3</div><div id="a130291_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.062px;top:207.4px;">0</div><div id="a130295_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:505.755px;top:207.4px;">6</div><div id="a130298_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:549.755px;top:207.4px;">0</div><div id="a130302_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:597.048px;top:207.4px;">6</div><div id="a130306_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:675.622px;top:207.4px;">0</div><div id="a130309" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:221.6px;">Investment funds </div><div id="a130325" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:236.2px;">Equity<div style="display:inline-block;width:9.65px"> </div></div><div id="a130341" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.682px;top:250.4px;">Domestic </div><div id="a130344_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:260.622px;top:250.4px;">27</div><div id="a130347_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:250.4px;">0</div><div id="a130351_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:351.955px;top:250.4px;">27</div><div id="a130355_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.062px;top:250.4px;">3</div><div id="a130359_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:505.755px;top:250.4px;">3</div><div id="a130362_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:549.755px;top:250.4px;">0</div><div id="a130366_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:597.048px;top:250.4px;">3</div><div id="a130370_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:675.622px;top:250.4px;">0</div><div id="a130373" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.682px;top:264.6px;">Foreign </div><div id="a130376_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:260.622px;top:264.6px;">33</div><div id="a130379_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:264.6px;">0</div><div id="a130383_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:351.955px;top:264.6px;">33</div><div id="a130387_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.062px;top:264.6px;">3</div><div id="a130391_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.022px;top:264.6px;">56</div><div id="a130394_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:549.755px;top:264.6px;">0</div><div id="a130398_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:592.328px;top:264.6px;">56</div><div id="a130402_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:675.622px;top:264.6px;">4</div><div id="a130405" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:278.8px;">Bonds</div><div id="a130406" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:35.395px;top:279.5px;">1</div><div id="a130422" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.682px;top:293.5px;">Domestic, AAA to BBB– </div><div id="a130426_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:255.422px;top:293.5px;">266</div><div id="a130429_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:293.5px;">0</div><div id="a130433_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:346.755px;top:293.5px;">266</div><div id="a130437_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:433.328px;top:293.5px;">26</div><div id="a130441_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:495.822px;top:293.5px;">269</div><div id="a130444_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:549.755px;top:293.5px;">0</div><div id="a130448_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:587.115px;top:293.5px;">269</div><div id="a130452_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:670.888px;top:293.5px;">20</div><div id="a130455" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.682px;top:307.7px;">Domestic, below BBB– </div><div id="a130459_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:255.422px;top:307.7px;">109</div><div id="a130462_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:307.7px;">0</div><div id="a130466_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:346.755px;top:307.7px;">109</div><div id="a130470_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:433.328px;top:307.7px;">10</div><div id="a130474_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:495.822px;top:307.7px;">147</div><div id="a130477_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:549.755px;top:307.7px;">0</div><div id="a130481_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:587.115px;top:307.7px;">147</div><div id="a130485_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:670.888px;top:307.7px;">11</div><div id="a130488" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.682px;top:321.9px;">Foreign, AAA<div style="display:inline-block;width:3.74px"> </div>to BBB– </div><div id="a130492_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:265.355px;top:321.9px;">2</div><div id="a130495_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:321.9px;">0</div><div id="a130499_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:321.9px;">2</div><div id="a130503_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.062px;top:321.9px;">0</div><div id="a130507_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.022px;top:321.9px;">11</div><div id="a130510_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:549.755px;top:321.9px;">0</div><div id="a130514_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:592.328px;top:321.9px;">11</div><div id="a130518_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:675.622px;top:321.9px;">1</div><div id="a130521" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.682px;top:336.6px;">Foreign, below BBB– </div><div id="a130525_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:265.355px;top:336.6px;">5</div><div id="a130528_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:336.6px;">0</div><div id="a130532_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:336.6px;">5</div><div id="a130536_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.062px;top:336.6px;">0</div><div id="a130540_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:505.755px;top:336.6px;">2</div><div id="a130543_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:549.755px;top:336.6px;">0</div><div id="a130547_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:597.048px;top:336.6px;">2</div><div id="a130551_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:675.622px;top:336.6px;">0</div><div id="a130554" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:350.7px;">Real estate </div><div id="a130570" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.682px;top:364.9px;">Domestic </div><div id="a130573_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:265.355px;top:364.9px;">0</div><div id="a130576_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:304.635px;top:364.9px;">11</div><div id="a130580_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:351.955px;top:364.9px;">11</div><div id="a130584_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.062px;top:364.9px;">1</div><div id="a130588_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:505.755px;top:364.9px;">0</div><div id="a130591_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:549.755px;top:364.9px;">9</div><div id="a130595_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:597.048px;top:364.9px;">9</div><div id="a130599_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:675.622px;top:364.9px;">1</div><div id="a130602" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:379.6px;">Other </div><div id="a130605_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:260.622px;top:379.6px;">54</div><div id="a130608_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:379.6px;">0</div><div id="a130612_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:351.955px;top:379.6px;">54</div><div id="a130616_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.062px;top:379.6px;">5</div><div id="a130620_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.022px;top:379.6px;">99</div><div id="a130623_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:549.755px;top:379.6px;">0</div><div id="a130627_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:592.328px;top:379.6px;">99</div><div id="a130631_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:675.622px;top:379.6px;">7</div><div id="a130634" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:393.8px;">Other investments </div><div id="a130637_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:265.355px;top:393.8px;">5</div><div id="a130640_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:393.8px;">1</div><div id="a130644_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:393.8px;">6</div><div id="a130648_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.062px;top:393.8px;">1</div><div id="a130652_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:505.755px;top:393.8px;">5</div><div id="a130655_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:549.755px;top:393.8px;">1</div><div id="a130659_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:597.048px;top:393.8px;">6</div><div id="a130663_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:675.622px;top:393.8px;">0</div><div id="a130666" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:408px;">Total fair value of plan<div style="display:inline-block;width:4.01px"> </div>assets </div><div id="a130669_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:248.328px;top:408px;">1,027</div><div id="a130672_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:304.635px;top:408px;">12</div><div id="a130676_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:339.662px;top:408px;">1,039</div><div id="a130680_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:428.128px;top:408px;">100</div><div id="a130684_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:488.688px;top:408px;">1,319</div><div id="a130687_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:544.995px;top:408px;">10</div><div id="a130691_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:580.022px;top:408px;">1,329</div><div id="a130695_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:665.688px;top:408px;">100</div><div id="a130698" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:422.5px;">1 The bond credit<div style="display:inline-block;width:3.65px"> </div>ratings are primarily<div style="display:inline-block;width:4.26px"> </div>based on S&amp;P’s credit<div style="display:inline-block;width:3.95px"> </div>ratings. Ratings<div style="display:inline-block;width:3.79px"> </div>AAA to BBB<div style="display:inline-block;width:1.6px"> </div>–<div style="display:inline-block;width:1.89px"> </div>and below<div style="display:inline-block;width:3.47px"> </div>BBB– represent investment<div style="display:inline-block;width:4.28px"> </div>grade and non-investment<div style="display:inline-block;width:3.85px"> </div>grade ratings,<div style="display:inline-block;width:3.63px"> </div>respectively. In<div style="display:inline-block;width:3.53px"> </div>cases where<div style="display:inline-block;width:3.48px"> </div>credit ratings </div><div id="a130708" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:432.5px;">from other rating agencies were<div style="display:inline-block;width:3.95px"> </div>used, these were converted to<div style="display:inline-block;width:3.47px"> </div>the equivalent rating in<div style="display:inline-block;width:3.62px"> </div>S&amp;P’s rating<div style="display:inline-block;width:3.63px"> </div>classification.</div></div></div></div> 326000000 0 326000000 0.01 187000000 0 187000000 0.01 0 3783000000 3783000000 0.13 0 3530000000 3530000000 0.10 0 919000000 919000000 0.03 0 580000000 580000000 0.02 743000000 0 743000000 0.02 843000000 0 843000000 0.02 4964000000 2171000000 7134000000 0.24 6213000000 2652000000 8865000000 0.26 3760000000 0 3760000000 0.12 4446000000 0 4446000000 0.13 6031000000 0 6031000000 0.20 5093000000 0 5093000000 0.15 1062000000 0 1062000000 0.04 1314000000 0 1314000000 0.04 1540000000 3547000000 5086000000 0.17 4211000000 3558000000 7769000000 0.23 624000000 651000000 1275000000 0.04 668000000 682000000 1349000000 0.04 19049000000 11071000000 30119000000 1 22973000000 11002000000 33975000000 1 30119000000 33975000000 337000000 194000000 50000000 28000000 27000000 25000000 871000000 1079000000 90000000 93000000 76000000 128000000 8000000 -43000000 104000000 0 104000000 0.04 147000000 0 147000000 0.03 1729000000 0 1729000000 0.69 2605000000 0 2605000000 0.61 297000000 0 297000000 0.12 372000000 0 372000000 0.09 7000000 0 7000000 0 4000000 0 4000000 0 19000000 3000000 22000000 0.01 44000000 4000000 47000000 0.01 366000000 0 366000000 0.15 921000000 0 921000000 0.21 367000000 90000000 457000000 0.18 532000000 147000000 679000000 0.16 1000000 0 1000000 0 12000000 0 12000000 0 90000000 0 90000000 0.04 179000000 0 179000000 0.04 114000000 0 114000000 0.05 115000000 0 115000000 0.03 64000000 0 64000000 0.03 110000000 12000000 122000000 0.03 6000000 31000000 36000000 0.01 6000000 34000000 40000000 0.01 -280000000 0 -280000000 -0.11 -313000000 0 -313000000 -0.07 -612000000 0 -612000000 -0.25 -725000000 0 -725000000 -0.17 66000000 27000000 94000000 0.04 65000000 26000000 91000000 0.02 2336000000 151000000 2488000000 1 4074000000 223000000 4297000000 1 7000000 0 7000000 0.01 11000000 0 11000000 0.01 55000000 0 55000000 0.05 79000000 0 79000000 0.06 24000000 0 24000000 0.02 31000000 0 31000000 0.02 359000000 0 359000000 0.35 486000000 0 486000000 0.37 4000000 0 4000000 0 17000000 0 17000000 0.01 74000000 0 74000000 0.07 97000000 0 97000000 0.07 3000000 0 3000000 0 6000000 0 6000000 0 27000000 0 27000000 0.03 3000000 0 3000000 0 33000000 0 33000000 0.03 56000000 0 56000000 0.04 266000000 0 266000000 0.26 269000000 0 269000000 0.20 109000000 0 109000000 0.10 147000000 0 147000000 0.11 2000000 0 2000000 0 11000000 0 11000000 0.01 5000000 0 5000000 0 2000000 0 2000000 0 0 11000000 11000000 0.01 0 9000000 9000000 0.01 54000000 0 54000000 0.05 99000000 0 99000000 0.07 5000000 1000000 6000000 0.01 5000000 1000000 6000000 0 1027000000 12000000 1039000000 1 1319000000 10000000 1329000000 1 357000000 363000000 343000000 36000000 39000000 265000000 252000000 <div id="TextBlockContainer818" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:686px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a130864" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 27<div style="display:inline-block;width:8.21px"> </div>Employee benefits: variable compensation<div style="display:inline-block;width:5.56px"> </div></div><div id="a130868" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:10.2px;"> </div><div id="a130869" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:4.905px;top:26.9px;">a) Plans offered </div><div id="a130872" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:54.3px;">The Group<div style="display:inline-block;width:5.62px"> </div>has several<div style="display:inline-block;width:5.15px"> </div>share-based<div style="display:inline-block;width:5.46px"> </div>and other<div style="display:inline-block;width:5.34px"> </div>deferred<div style="display:inline-block;width:5.39px"> </div>compensation plans<div style="display:inline-block;width:5.63px"> </div>that align<div style="display:inline-block;width:5.87px"> </div>the interests<div style="display:inline-block;width:5.33px"> </div>of Group<div style="display:inline-block;width:5.94px"> </div>Executive </div><div id="a130875" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:69.9px;">Board (GEB) members and<div style="display:inline-block;width:5.29px"> </div>other employees with the interests of investors.<div style="display:inline-block;width:5.81px"> </div></div><div id="a130877" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:92.6px;">Share-based<div style="display:inline-block;width:2.04px"> </div>awards<div style="display:inline-block;width:1.86px"> </div>are granted<div style="display:inline-block;width:0.96px"> </div>in the<div style="display:inline-block;width:2.14px"> </div>form<div style="display:inline-block;width:2.11px"> </div>of notional<div style="display:inline-block;width:0.6px"> </div>shares<div style="display:inline-block;width:2.28px"> </div>and, where<div style="display:inline-block;width:0.73px"> </div>permitted,<div style="display:inline-block;width:1.68px"> </div>carry<div style="display:inline-block;width:1.65px"> </div>a dividend<div style="display:inline-block;width:0.97px"> </div>equivalent<div style="display:inline-block;width:1.46px"> </div>that<div style="display:inline-block;width:2.26px"> </div>may be </div><div id="a130884" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:107.7px;">paid in<div style="display:inline-block;width:1.92px"> </div>notional<div style="display:inline-block;width:1.87px"> </div>shares<div style="display:inline-block;width:2.28px"> </div>or cash.<div style="display:inline-block;width:2.2px"> </div>Awards<div style="display:inline-block;width:2.25px"> </div>are settled<div style="display:inline-block;width:0.98px"> </div>by delivering<div style="display:inline-block;width:0.99px"> </div>UBS shares<div style="display:inline-block;width:1.32px"> </div>at vesting,<div style="display:inline-block;width:1.47px"> </div>except in<div style="display:inline-block;width:1.74px"> </div>jurisdictions<div style="display:inline-block;width:0.45px"> </div>where this<div style="display:inline-block;width:1.91px"> </div>is not </div><div id="a130886" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:122.8px;">permitted<div style="display:inline-block;width:1.58px"> </div>for<div style="display:inline-block;width:2.26px"> </div>legal or<div style="display:inline-block;width:2.04px"> </div>tax reasons.<div style="display:inline-block;width:1.04px"> </div></div><div id="a130889" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:146px;">Deferred<div style="display:inline-block;width:5.81px"> </div>compensation<div style="display:inline-block;width:6.22px"> </div>awards<div style="display:inline-block;width:6.15px"> </div>are<div style="display:inline-block;width:5.75px"> </div>generally<div style="display:inline-block;width:5.52px"> </div>forfeitable<div style="display:inline-block;width:5.73px"> </div>upon,<div style="display:inline-block;width:6.59px"> </div>among<div style="display:inline-block;width:5.66px"> </div>other<div style="display:inline-block;width:5.77px"> </div>circumstances,<div style="display:inline-block;width:5.35px"> </div>voluntary<div style="display:inline-block;width:5.94px"> </div>termination<div style="display:inline-block;width:6.41px"> </div>of </div><div id="a130894" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:161.2px;">employment with UBS. These compensation plans are also designed to meet regulatory requirements and include special </div><div id="a130895" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:176.3px;">provisions for regulated employees.<div style="display:inline-block;width:5.24px"> </div></div><div id="a130897" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:199.5px;">The most<div style="display:inline-block;width:1.2px"> </div>significant<div style="display:inline-block;width:0.85px"> </div>deferred<div style="display:inline-block;width:2.08px"> </div>compensation<div style="display:inline-block;width:0.45px"> </div>plans are<div style="display:inline-block;width:1.48px"> </div>described<div style="display:inline-block;width:1.61px"> </div>below. </div><div id="a130902" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:211.2px;">›</div><div id="a130903" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:211.4px;"> </div><div id="a130904" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:216.1px;">Refer to Note<div style="display:inline-block;width:1.12px"> </div>1a<div style="display:inline-block;width:1.61px"> </div>item 4 for a description<div style="display:inline-block;width:1.57px"> </div>of the accounting<div style="display:inline-block;width:1.24px"> </div>policy related to<div style="display:inline-block;width:1.65px"> </div>share-based and other<div style="display:inline-block;width:0.83px"> </div>deferred compensation<div style="display:inline-block;width:1.29px"> </div>plans </div><div id="a130923" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#E60000;left:4.905px;top:237px;">Mandatory deferred compensation plans </div><div id="a130925" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:259.6px;">Long-Term Incentive Plan </div><div id="a130932" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:275.2px;">The Long-Term<div style="display:inline-block;width:6.95px"> </div>Incentive Plan<div style="display:inline-block;width:5.52px"> </div>(LTIP)<div style="display:inline-block;width:5.85px"> </div>is a<div style="display:inline-block;width:5.25px"> </div>mandatory deferred<div style="display:inline-block;width:5.91px"> </div>share-based<div style="display:inline-block;width:5.56px"> </div>compensation plan<div style="display:inline-block;width:5.58px"> </div>for GEB<div style="display:inline-block;width:5.3px"> </div>members for<div style="display:inline-block;width:5.47px"> </div>the </div><div id="a130938" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:290.3px;">performance year 2022.<div style="display:inline-block;width:3.96px"> </div>For prior performance years, LTIP was granted to senior leaders of<div style="display:inline-block;width:2.12px"> </div>the Group (i.e., GEB members </div><div id="a130942" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:305.9px;">and selected senior management). </div><div id="a130945" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:328.6px;">The number of notional<div style="display:inline-block;width:5.09px"> </div>shares delivered at vesting depends on two<div style="display:inline-block;width:5.18px"> </div>equally weighted performance metrics over a three-</div><div id="a130949" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:343.8px;">year performance<div style="display:inline-block;width:7.11px"> </div>period:<div style="display:inline-block;width:5.66px"> </div>return<div style="display:inline-block;width:5.62px"> </div>on<div style="display:inline-block;width:5.73px"> </div>common<div style="display:inline-block;width:5.33px"> </div>equity<div style="display:inline-block;width:5.15px"> </div>tier 1<div style="display:inline-block;width:5.64px"> </div>(CET1)<div style="display:inline-block;width:5.76px"> </div>capital<div style="display:inline-block;width:5.31px"> </div>and<div style="display:inline-block;width:5.61px"> </div>relative<div style="display:inline-block;width:5.2px"> </div>total<div style="display:inline-block;width:5.47px"> </div>shareholder<div style="display:inline-block;width:5.89px"> </div>return,<div style="display:inline-block;width:5.72px"> </div>which </div><div id="a130958" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:359.4px;">compares<div style="display:inline-block;width:5.39px"> </div>the<div style="display:inline-block;width:5.25px"> </div>total<div style="display:inline-block;width:5.54px"> </div>shareholder<div style="display:inline-block;width:5.89px"> </div>return<div style="display:inline-block;width:5.62px"> </div>(TSR)<div style="display:inline-block;width:5.7px"> </div>of<div style="display:inline-block;width:5.25px"> </div>UBS<div style="display:inline-block;width:5.59px"> </div>with<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>TSR<div style="display:inline-block;width:5.4px"> </div>of<div style="display:inline-block;width:5.32px"> </div>an<div style="display:inline-block;width:5.4px"> </div>index<div style="display:inline-block;width:5.32px"> </div>consisting<div style="display:inline-block;width:5.59px"> </div>of<div style="display:inline-block;width:5.24px"> </div>listed<div style="display:inline-block;width:5.6px"> </div>Global<div style="display:inline-block;width:5.29px"> </div>Systemically </div><div id="a130970" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:374.5px;">Important<div style="display:inline-block;width:5.09px"> </div>Banks<div style="display:inline-block;width:5.66px"> </div>as<div style="display:inline-block;width:5.25px"> </div>determined<div style="display:inline-block;width:5.24px"> </div>by<div style="display:inline-block;width:5.2px"> </div>the Financial<div style="display:inline-block;width:5.99px"> </div>Stability<div style="display:inline-block;width:5.06px"> </div>Board<div style="display:inline-block;width:6.12px"> </div>(excluding<div style="display:inline-block;width:5.5px"> </div>UBS). The<div style="display:inline-block;width:6.13px"> </div>final<div style="display:inline-block;width:5.04px"> </div>number<div style="display:inline-block;width:5.5px"> </div>of<div style="display:inline-block;width:5.25px"> </div>shares<div style="display:inline-block;width:5.12px"> </div>vest<div style="display:inline-block;width:5.03px"> </div>over </div><div id="a130975" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:389.7px;">three<div style="display:inline-block;width:5.37px"> </div>years following<div style="display:inline-block;width:6.87px"> </div>the<div style="display:inline-block;width:5.25px"> </div>performance<div style="display:inline-block;width:5.09px"> </div>period<div style="display:inline-block;width:5.59px"> </div>for<div style="display:inline-block;width:5.1px"> </div>GEB<div style="display:inline-block;width:5.3px"> </div>members,<div style="display:inline-block;width:5.1px"> </div>and<div style="display:inline-block;width:5.61px"> </div>cliff-vest in<div style="display:inline-block;width:5.97px"> </div>the<div style="display:inline-block;width:5.72px"> </div>year following<div style="display:inline-block;width:6.82px"> </div>the<div style="display:inline-block;width:5.25px"> </div>performance </div><div id="a130986" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:405.3px;">period for selected senior management<div style="display:inline-block;width:1.39px"> </div>. </div><div id="a130989" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:428px;">Equity Ownership Plan / Fund<div style="display:inline-block;width:5.22px"> </div>Ownership Plan </div><div id="a130994" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:443.1px;">The Equity Ownership Plan<div style="display:inline-block;width:5.21px"> </div>(EOP) is<div style="display:inline-block;width:5.01px"> </div>the deferred share-based<div style="display:inline-block;width:5.87px"> </div>compensation plan for<div style="display:inline-block;width:5.67px"> </div>employees outside of the<div style="display:inline-block;width:5.63px"> </div>GEB that </div><div id="a131006" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:458.7px;">are subject to deferral requirements.<div style="display:inline-block;width:5.43px"> </div>EOP awards generally<div style="display:inline-block;width:5.34px"> </div>vest over three years.<div style="display:inline-block;width:5.05px"> </div></div><div id="a131012" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:481.5px;">Certain Asset Management<div style="display:inline-block;width:6.37px"> </div>employees receive<div style="display:inline-block;width:5.38px"> </div>some or<div style="display:inline-block;width:5.52px"> </div>all of<div style="display:inline-block;width:5.18px"> </div>their EOP<div style="display:inline-block;width:5.49px"> </div>in the form<div style="display:inline-block;width:6.25px"> </div>of notional<div style="display:inline-block;width:5.43px"> </div>funds (Fund<div style="display:inline-block;width:5.84px"> </div>Ownership </div><div id="a131024" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:496.6px;">Plan or FOP,<div style="display:inline-block;width:3.5px"> </div>previously named<div style="display:inline-block;width:5.28px"> </div>AM EOP).<div style="display:inline-block;width:5.17px"> </div>This plan is generally<div style="display:inline-block;width:5.3px"> </div>delivered in cash<div style="display:inline-block;width:5.64px"> </div>and vests over three<div style="display:inline-block;width:5.64px"> </div>years. The<div style="display:inline-block;width:5.52px"> </div>amount </div><div id="a131037" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:511.7px;">delivered depends on the<div style="display:inline-block;width:5.01px"> </div>value of the underlying investment funds at the<div style="display:inline-block;width:5.04px"> </div>time of vesting.<div style="display:inline-block;width:4.98px"> </div></div><div id="a131041" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:534.9px;">Deferred Contingent Capital Plan </div><div id="a131045" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:550.1px;">The<div style="display:inline-block;width:5.4px"> </div>Deferred<div style="display:inline-block;width:5.34px"> </div>Contingent<div style="display:inline-block;width:5.96px"> </div>Capital<div style="display:inline-block;width:5.67px"> </div>Plan<div style="display:inline-block;width:5.3px"> </div>(DCCP)<div style="display:inline-block;width:6px"> </div>is<div style="display:inline-block;width:5.15px"> </div>a<div style="display:inline-block;width:5.2px"> </div>deferred<div style="display:inline-block;width:5.86px"> </div>compensation<div style="display:inline-block;width:6.12px"> </div>plan<div style="display:inline-block;width:5.5px"> </div>for<div style="display:inline-block;width:5.57px"> </div>all employees<div style="display:inline-block;width:6.98px"> </div>who<div style="display:inline-block;width:5.71px"> </div>are<div style="display:inline-block;width:5.29px"> </div>subject<div style="display:inline-block;width:5.67px"> </div>to </div><div id="a131047" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:565.2px;">deferral requirements.<div style="display:inline-block;width:6.88px"> </div>Such employees<div style="display:inline-block;width:5.98px"> </div>are<div style="display:inline-block;width:5.29px"> </div>awarded<div style="display:inline-block;width:5.32px"> </div>notional<div style="display:inline-block;width:5.18px"> </div>additional<div style="display:inline-block;width:5.07px"> </div>tier 1 (AT1)<div style="display:inline-block;width:7.39px"> </div>capital instruments,<div style="display:inline-block;width:5.98px"> </div>which,<div style="display:inline-block;width:5.04px"> </div>at the </div><div id="a131050" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:580.8px;">discretion of UBS, can be settled in cash or a perpetual,<div style="display:inline-block;width:5.27px"> </div>marketable AT1 capital instrument. DCCP<div style="display:inline-block;width:5.29px"> </div>awards generally bear </div><div id="a131059" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:596px;">notional<div style="display:inline-block;width:6.15px"> </div>interest<div style="display:inline-block;width:5.6px"> </div>paid<div style="display:inline-block;width:5.98px"> </div>annually<div style="display:inline-block;width:5.87px"> </div>(except<div style="display:inline-block;width:5.42px"> </div>for<div style="display:inline-block;width:6.04px"> </div>certain<div style="display:inline-block;width:5.74px"> </div>regulated<div style="display:inline-block;width:6.11px"> </div>employees)<div style="display:inline-block;width:5.77px"> </div>and<div style="display:inline-block;width:6.33px"> </div>vest<div style="display:inline-block;width:5.37px"> </div>in<div style="display:inline-block;width:6.25px"> </div>full<div style="display:inline-block;width:5.52px"> </div>after<div style="display:inline-block;width:5.21px"> </div>five<div style="display:inline-block;width:5.69px"> </div>years.<div style="display:inline-block;width:6.04px"> </div>Awards<div style="display:inline-block;width:6.51px"> </div>are </div><div id="a131064" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:611.1px;">forfeited if a viability<div style="display:inline-block;width:1.81px"> </div>event occurs (i.e.,<div style="display:inline-block;width:3.23px"> </div>if FINMA notifies<div style="display:inline-block;width:2.3px"> </div>the firm that<div style="display:inline-block;width:1.95px"> </div>the DCCP awards must be written down<div style="display:inline-block;width:2.31px"> </div>to mitigate </div><div id="a131070" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:626.7px;">the risk of<div style="display:inline-block;width:5.3px"> </div>insolvency,<div style="display:inline-block;width:5.42px"> </div>bankruptcy or failure<div style="display:inline-block;width:5.96px"> </div>of UBS)<div style="display:inline-block;width:5.34px"> </div>or if the<div style="display:inline-block;width:5.25px"> </div>firm receives a commitment<div style="display:inline-block;width:5.8px"> </div>of extraordinary<div style="display:inline-block;width:5.08px"> </div>support from </div><div id="a131071" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:641.8px;">the public<div style="display:inline-block;width:6.02px"> </div>sector that<div style="display:inline-block;width:5.42px"> </div>is necessary<div style="display:inline-block;width:5.47px"> </div>to prevent<div style="display:inline-block;width:6.44px"> </div>such an<div style="display:inline-block;width:6.23px"> </div>event. DCCP<div style="display:inline-block;width:5.72px"> </div>awards<div style="display:inline-block;width:5.17px"> </div>are also<div style="display:inline-block;width:5.54px"> </div>written<div style="display:inline-block;width:4.79px"> </div>down<div style="display:inline-block;width:5.47px"> </div>if the<div style="display:inline-block;width:5.57px"> </div>Group’s CET1 </div><div id="a131074" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:657.4px;">capital ratio falls below a<div style="display:inline-block;width:2.3px"> </div>defined threshold. In addition, GEB members forfeit </div><div id="a131074_80_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:441.55px;top:657.4px;">20</div><div id="a131074_82_38" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:456.683px;top:657.4px;">% of DCCP awards for each<div style="display:inline-block;width:2.32px"> </div>loss-making </div><div id="a131078" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:672.6px;">year during the vesting period.</div></div><div id="TextBlockContainer820" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:560px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a131119" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Financial advisor variable<div style="display:inline-block;width:5.21px"> </div>compensation </div><div id="a131121" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23px;">In line with market practice for US wealth management businesses,<div style="display:inline-block;width:5.31px"> </div>the compensation for US financial advisors in Global </div><div id="a131122" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.7px;">Wealth Management<div style="display:inline-block;width:5.16px"> </div>consists of cash<div style="display:inline-block;width:5.6px"> </div>compensation and<div style="display:inline-block;width:5.69px"> </div>deferred compensation<div style="display:inline-block;width:5.46px"> </div>awards, determined<div style="display:inline-block;width:5.42px"> </div>using<div style="display:inline-block;width:5.19px"> </div>a formulaic </div><div id="a131124" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">approach based on production.<div style="display:inline-block;width:5.3px"> </div></div><div id="a131126" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.5px;">Cash<div style="display:inline-block;width:7.97px"> </div>compensation<div style="display:inline-block;width:8.01px"> </div>reflects<div style="display:inline-block;width:7.09px"> </div>a<div style="display:inline-block;width:7.57px"> </div>percentage<div style="display:inline-block;width:8.38px"> </div>of<div style="display:inline-block;width:7.62px"> </div>the<div style="display:inline-block;width:7.62px"> </div>compensable<div style="display:inline-block;width:7.96px"> </div>production<div style="display:inline-block;width:8.41px"> </div>that<div style="display:inline-block;width:7.94px"> </div>each<div style="display:inline-block;width:7.57px"> </div>financial<div style="display:inline-block;width:7.78px"> </div>advisor<div style="display:inline-block;width:7.56px"> </div>generates. </div><div id="a131127" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:91.6px;">Compensable production is generally based<div style="display:inline-block;width:5.08px"> </div>on transaction revenue and investment advisory fees and may reflect further </div><div id="a131129" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.3px;">adjustments. The percentage rate generally<div style="display:inline-block;width:5.46px"> </div>varies based on the level of the production<div style="display:inline-block;width:5.53px"> </div>and firm tenure. </div><div id="a131131" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:130px;">Financial<div style="display:inline-block;width:5.36px"> </div>advisors<div style="display:inline-block;width:6.19px"> </div>may<div style="display:inline-block;width:5.32px"> </div>also<div style="display:inline-block;width:5.82px"> </div>be<div style="display:inline-block;width:5.88px"> </div>granted<div style="display:inline-block;width:5.98px"> </div>annual<div style="display:inline-block;width:6.18px"> </div>deferred<div style="display:inline-block;width:5.86px"> </div>compensation.<div style="display:inline-block;width:6.23px"> </div>These<div style="display:inline-block;width:5.45px"> </div>amounts<div style="display:inline-block;width:6.02px"> </div>generally<div style="display:inline-block;width:5.52px"> </div>vest<div style="display:inline-block;width:5.37px"> </div>over<div style="display:inline-block;width:5.99px"> </div>a<div style="display:inline-block;width:5.67px"> </div>six-year </div><div id="a131134" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:145.1px;">period. The annual deferred<div style="display:inline-block;width:5.05px"> </div>compensation amount reflects the overall<div style="display:inline-block;width:5.1px"> </div>percentage rate and production.<div style="display:inline-block;width:5.26px"> </div></div><div id="a131137" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:167.8px;">Cash compensation<div style="display:inline-block;width:5.69px"> </div>and deferred compensation<div style="display:inline-block;width:5.97px"> </div>awards may be<div style="display:inline-block;width:5.7px"> </div>reduced for,<div style="display:inline-block;width:5.12px"> </div>among other things,<div style="display:inline-block;width:5.52px"> </div>errors, negligence or </div><div id="a131138" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183px;">carelessness, or failure to comply with the firm’s rules, standards,<div style="display:inline-block;width:5.98px"> </div>practices and / or policies, and / or applicable laws and </div><div id="a131140" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:198.6px;">regulations.<div style="display:inline-block;width:4.03px"> </div></div><div id="a131142" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:221.3px;">Financial advisors<div style="display:inline-block;width:6.93px"> </div>may also<div style="display:inline-block;width:6.52px"> </div>participate<div style="display:inline-block;width:5.68px"> </div>in<div style="display:inline-block;width:5.3px"> </div>additional<div style="display:inline-block;width:5.54px"> </div>programs<div style="display:inline-block;width:5.16px"> </div>to<div style="display:inline-block;width:5.25px"> </div>support<div style="display:inline-block;width:5.28px"> </div>promoting<div style="display:inline-block;width:5.89px"> </div>and<div style="display:inline-block;width:5.13px"> </div>developing<div style="display:inline-block;width:5.8px"> </div>their business<div style="display:inline-block;width:6.69px"> </div>or </div><div id="a131143" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:236.4px;">supporting the transition of client relationships where appropriate.<div style="display:inline-block;width:2.1px"> </div>Financial advisor compensation also includes expenses </div><div id="a131149" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:252px;">related to compensation commitments with<div style="display:inline-block;width:5.57px"> </div>financial advisors entered into at the time<div style="display:inline-block;width:5.57px"> </div>of recruitment that are subject to </div><div id="a131150" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:267.2px;">vesting requirements. </div><div id="a131153" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:297.6px;">Share delivery obligations </div><div id="a131156" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:320.6px;">Share delivery obligations related to<div style="display:inline-block;width:5.16px"> </div>employee share-based<div style="display:inline-block;width:5.04px"> </div>compensation awards were </div><div id="a131156_84_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:501.778px;top:320.6px;">178</div><div id="a131156_87_27" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:524.472px;top:320.6px;">m shares as of 31 December </div><div id="a131168" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:335.8px;">2022 (31 December 2021: </div><div id="a131168_24_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:159.165px;top:335.8px;">175</div><div id="a131168_27_92" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:181.865px;top:335.8px;">m shares). Share delivery obligations are calculated on the<div style="display:inline-block;width:5.12px"> </div>basis of undistributed notional </div><div id="a131181" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:351.4px;">share awards, taking<div style="display:inline-block;width:5.02px"> </div>applicable performance conditions into account. </div><div id="a131184" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:374.1px;">As of 31 December 2022, UBS held </div><div id="a131184_33_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:208.378px;top:374.1px;">119</div><div id="a131184_36_37" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:231.085px;top:374.1px;">m treasury shares (31 December 2021: </div><div id="a131184_73_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:452.525px;top:374.1px;">149</div><div id="a131184_76_40" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:474.791px;top:374.1px;">m) that<div style="display:inline-block;width:2.31px"> </div>were available to satisfy share </div><div id="a131199" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:389.2px;">delivery obligations. </div><div id="a131201" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:404.8px;"> </div><div id="a131202" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:4.905px;top:427.2px;">b) Effect on the income statement </div><div id="a131207" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:454.5px;">Effect on the income statement for the<div style="display:inline-block;width:5.03px"> </div>financial year and future<div style="display:inline-block;width:5.11px"> </div>periods </div><div id="a131213" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:470.1px;">The table<div style="display:inline-block;width:5.93px"> </div>below<div style="display:inline-block;width:5.13px"> </div>provides<div style="display:inline-block;width:5.16px"> </div>information<div style="display:inline-block;width:5.28px"> </div>about<div style="display:inline-block;width:5.18px"> </div>compensation<div style="display:inline-block;width:5.18px"> </div>expenses<div style="display:inline-block;width:5.18px"> </div>related<div style="display:inline-block;width:5.23px"> </div>to total<div style="display:inline-block;width:6.09px"> </div>variable compensation<div style="display:inline-block;width:6.81px"> </div>that were </div><div id="a131217" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:485.3px;">recognized in the financial year ended 31 December 2022, as well as<div style="display:inline-block;width:2.07px"> </div>expenses that were deferred and will be recognized </div><div id="a131224" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:500.9px;">in the income statement for 2023<div style="display:inline-block;width:5.81px"> </div>and later.<div style="display:inline-block;width:5.2px"> </div>The majority of expenses<div style="display:inline-block;width:5.4px"> </div>deferred to 20<div style="display:inline-block;width:1.48px"> </div>23 and later that are<div style="display:inline-block;width:5.08px"> </div>related to the </div><div id="a131233" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:516px;">2022 performance<div style="display:inline-block;width:5.47px"> </div>year pertain to<div style="display:inline-block;width:5.57px"> </div>awards<div style="display:inline-block;width:5.3px"> </div>granted in<div style="display:inline-block;width:5.26px"> </div>February 2023<div style="display:inline-block;width:1.61px"> </div>.<div style="display:inline-block;width:4.36px"> </div>The total unamortized<div style="display:inline-block;width:5.51px"> </div>compensation expense<div style="display:inline-block;width:5.53px"> </div>for </div><div id="a131245" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:531.1px;">unvested<div style="display:inline-block;width:5.03px"> </div>share-based<div style="display:inline-block;width:5.43px"> </div>awards<div style="display:inline-block;width:5.17px"> </div>granted<div style="display:inline-block;width:5.09px"> </div>up<div style="display:inline-block;width:5.13px"> </div>to 31<div style="display:inline-block;width:5.32px"> </div>December 2022<div style="display:inline-block;width:6.5px"> </div>will be<div style="display:inline-block;width:5.77px"> </div>recognized<div style="display:inline-block;width:5.59px"> </div>in future<div style="display:inline-block;width:6.06px"> </div>periods<div style="display:inline-block;width:5.13px"> </div>over<div style="display:inline-block;width:5.05px"> </div>a weighted </div><div id="a131255" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:546.7px;">average period of </div><div id="a131255_18_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:108.538px;top:546.7px;">2.5</div><div id="a131255_21_7" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:127.445px;top:546.7px;"><div style="display:inline-block;width:3.83px"> </div>years.</div></div><div id="TextBlockContainer823" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:691px;height:364px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a131262" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Variable compensation </div><div id="a131270" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:339.195px;top:15.8px;">Expenses recognized in 2022 </div><div id="a131273" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:518.515px;top:15.8px;">Expenses deferred to 2023 and later</div><div id="a131274" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:650.995px;top:16.4px;">1</div><div id="a131276" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:65px;">USD m </div><div id="a131279" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:307.942px;top:30px;">Related to the </div><div id="a131280" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:340.142px;top:41.3px;">2022 </div><div id="a131281" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:313.622px;top:53.1px;">performance </div><div id="a131282" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:344.395px;top:65px;">year </div><div id="a131284" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:366.622px;top:41.3px;">Related to prior </div><div id="a131285" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:377.502px;top:53.1px;">performance </div><div id="a131286" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:404.488px;top:65px;">years </div><div id="a131288" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.515px;top:65px;">Total </div><div id="a131291" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:501.968px;top:30px;">Related to the </div><div id="a131292" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:534.128px;top:41.3px;">2022 </div><div id="a131293" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:507.635px;top:53.1px;">performance </div><div id="a131294" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:538.382px;top:65px;">year </div><div id="a131296" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:560.635px;top:41.3px;">Related to prior </div><div id="a131297" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:571.515px;top:53.1px;">performance </div><div id="a131298" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:598.475px;top:65px;">years </div><div id="a131300" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:660.008px;top:65px;">Total </div><div id="a131302" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:78.7px;">Non-deferred cash </div><div id="a131307_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:337.768px;top:78.7px;">2,276</div><div id="a131310_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.742px;top:78.7px;display:flex;">(16)</div><div id="a131313_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:461.742px;top:78.7px;">2,260</div><div id="a131317_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:548.808px;top:78.7px;">0</div><div id="a131320_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:612.688px;top:78.7px;">0</div><div id="a131323_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.248px;top:78.7px;">0</div><div id="a131326" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:95.3px;">Deferred compensation awards </div><div id="a131329_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.862px;top:95.3px;">364</div><div id="a131332_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.742px;top:95.3px;">581</div><div id="a131335_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.835px;top:95.3px;">945</div><div id="a131339_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:538.848px;top:95.3px;">605</div><div id="a131342_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:602.755px;top:95.3px;">754</div><div id="a131345_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.222px;top:95.3px;">1,359</div><div id="a131348" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:111.3px;">of which: Equity Ownership Plan </div><div id="a131351_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.862px;top:111.3px;">202</div><div id="a131354_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:408.742px;top:111.3px;">235</div><div id="a131357_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:468.835px;top:111.3px;">437</div><div id="a131361_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:538.848px;top:111.3px;">310</div><div id="a131364_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:602.755px;top:111.3px;">250</div><div id="a131367_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:111.3px;">560</div><div id="a131370" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:127.9px;">of which: Deferred Contingent Capital Plan </div><div id="a131373_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.862px;top:127.9px;">129</div><div id="a131376_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:408.742px;top:127.9px;">219</div><div id="a131379_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:468.835px;top:127.9px;">349</div><div id="a131383_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:538.848px;top:127.9px;">245</div><div id="a131386_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:602.755px;top:127.9px;">408</div><div id="a131389_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:127.9px;">654</div><div id="a131392" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:144.5px;">of which: Long-Term Incentive<div style="display:inline-block;width:3.85px"> </div>Plan </div><div id="a131397_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:350.062px;top:144.5px;">11</div><div id="a131400_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:413.942px;top:144.5px;">32</div><div id="a131403_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:474.035px;top:144.5px;">43</div><div id="a131407_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:544.048px;top:144.5px;">30</div><div id="a131410_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.955px;top:144.5px;">42</div><div id="a131413_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.528px;top:144.5px;">71</div><div id="a131416" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:160.5px;">of which: Fund Ownership Plan </div><div id="a131420_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:350.062px;top:160.5px;">21</div><div id="a131423_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:413.942px;top:160.5px;">95</div><div id="a131426_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:468.835px;top:160.5px;">116</div><div id="a131430_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:544.048px;top:160.5px;">20</div><div id="a131433_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.955px;top:160.5px;">54</div><div id="a131436_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.528px;top:160.5px;">74</div><div id="a131439" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:176.1px;">Variable compensation –<div style="display:inline-block;width:3.91px"> </div>performance awards </div><div id="a131445_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.768px;top:176.1px;">2,640</div><div id="a131448_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:408.742px;top:176.1px;">566</div><div id="a131451_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:461.742px;top:176.1px;">3,205</div><div id="a131455_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:538.848px;top:176.1px;">605</div><div id="a131458_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:602.755px;top:176.1px;">754</div><div id="a131461_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.222px;top:176.1px;">1,359</div><div id="a131464" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:192.7px;">Variable compensation –<div style="display:inline-block;width:3.91px"> </div>financial advisors</div><div id="a131468" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:159.355px;top:193.3px;">2</div><div id="a131471_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.768px;top:192.7px;">3,799</div><div id="a131474_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:408.742px;top:192.7px;">709</div><div id="a131477_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:461.742px;top:192.7px;">4,508</div><div id="a131481_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:531.755px;top:192.7px;">1,290</div><div id="a131484_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.635px;top:192.7px;">2,652</div><div id="a131487_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.222px;top:192.7px;">3,942</div><div id="a131490" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:208.8px;">of which: non-deferred cash </div><div id="a131495_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.768px;top:208.8px;">3,481</div><div id="a131498_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:418.675px;top:208.8px;">0</div><div id="a131501_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:461.742px;top:208.8px;">3,481</div><div id="a131505_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:548.808px;top:208.8px;">0</div><div id="a131508_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:612.688px;top:208.8px;">0</div><div id="a131511_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.248px;top:208.8px;">0</div><div id="a131514" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:225.4px;">of which: deferred share-based awards </div><div id="a131519_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.862px;top:225.4px;">104</div><div id="a131522_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:413.942px;top:225.4px;">62</div><div id="a131525_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:468.835px;top:225.4px;">166</div><div id="a131529_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:538.848px;top:225.4px;">122</div><div id="a131532_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:602.755px;top:225.4px;">180</div><div id="a131535_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:225.4px;">302</div><div id="a131538" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:241.4px;">of which: deferred cash-based awards </div><div id="a131543_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.862px;top:241.4px;">185</div><div id="a131546_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:408.742px;top:241.4px;">215</div><div id="a131549_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:468.835px;top:241.4px;">400</div><div id="a131553_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:538.848px;top:241.4px;">588</div><div id="a131556_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:602.755px;top:241.4px;">636</div><div id="a131559_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.222px;top:241.4px;">1,224</div><div id="a131562" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:258px;">of which: compensation commitments with recruited<div style="display:inline-block;width:3.78px"> </div>financial advisors </div><div id="a131565_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:350.062px;top:258px;">29</div><div id="a131568_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:408.742px;top:258px;">432</div><div id="a131571_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:468.835px;top:258px;">461</div><div id="a131575_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:538.848px;top:258px;">580</div><div id="a131578_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:595.635px;top:258px;">1,836</div><div id="a131581_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.222px;top:258px;">2,416</div><div id="a131584" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:273.6px;">Variable compensation –<div style="display:inline-block;width:3.91px"> </div>other</div><div id="a131588" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:116.288px;top:274.2px;">3</div><div id="a131591_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:344.862px;top:273.6px;">169</div><div id="a131594_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:413.942px;top:273.6px;">71</div><div id="a131597_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:468.835px;top:273.6px;">241</div><div id="a131601_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:538.848px;top:273.6px;">237</div><div id="a131604_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:602.755px;top:273.6px;">193</div><div id="a131607_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:663.315px;top:273.6px;">430</div><div id="a131610" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:290.1px;">Total variable compensation </div><div id="a131613_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.768px;top:290.1px;">6,608</div><div id="a131616_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:401.648px;top:290.1px;">1,346</div><div id="a131619_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:458.902px;top:290.1px;">7,954</div><div id="a131621" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:480.648px;top:290.8px;">4 </div><div id="a131624_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:531.755px;top:290.1px;">2,131</div><div id="a131627_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.635px;top:290.1px;">3,599</div><div id="a131630_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.222px;top:290.1px;">5,731</div><div id="a131633" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:305.2px;">1 Estimate as<div style="display:inline-block;width:3.96px"> </div>of 31 December<div style="display:inline-block;width:3.65px"> </div>2022. Actual<div style="display:inline-block;width:3.84px"> </div>amounts to<div style="display:inline-block;width:3.61px"> </div>be expensed<div style="display:inline-block;width:3.47px"> </div>in future<div style="display:inline-block;width:3.63px"> </div>periods may vary;<div style="display:inline-block;width:4.25px"> </div>e.g., due<div style="display:inline-block;width:4px"> </div>to forfeiture<div style="display:inline-block;width:3.46px"> </div>of awards.<div style="display:inline-block;width:11.36px"> </div>2 Financial<div style="display:inline-block;width:3.49px"> </div>advisor compensation<div style="display:inline-block;width:4.07px"> </div>consists of cash<div style="display:inline-block;width:4.25px"> </div>and deferred compensation </div><div id="a131635" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:315.6px;">awards and is based on compensable revenues and firm tenure using a formulaic approach. It also includes expenses related to compensation commitments with financial advisors entered into at the time of recruitment </div><div id="a131638" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:325.5px;">that are subject to vesting requirements.<div style="display:inline-block;width:10.73px"> </div>3 Consists of replacement<div style="display:inline-block;width:3.79px"> </div>payments, forfeiture<div style="display:inline-block;width:3.48px"> </div>credits, severance<div style="display:inline-block;width:3.94px"> </div>payments, retention<div style="display:inline-block;width:3.73px"> </div>plan payments and interest<div style="display:inline-block;width:3.64px"> </div>expense related to the<div style="display:inline-block;width:3.48px"> </div>Deferred Contingent<div style="display:inline-block;width:3.46px"> </div>Capital Plan.<div style="display:inline-block;width:7.42px"> </div></div><div id="a131641" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:335.9px;">4 Includes USD </div><div id="a131641_15_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:52.861px;top:335.9px;">703</div><div id="a131641_18_75" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:65.629px;top:335.9px;">m in expenses related to<div style="display:inline-block;width:3.47px"> </div>share-based compensation<div style="display:inline-block;width:3.41px"> </div>(performance awards:<div style="display:inline-block;width:3.64px"> </div>USD </div><div id="a131641_93_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:317.308px;top:335.9px;">480</div><div id="a131641_96_36" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:330.077px;top:335.9px;">m; other variable compensation:<div style="display:inline-block;width:3.92px"> </div>USD </div><div id="a131641_132_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:449.248px;top:335.9px;">56</div><div id="a131641_134_39" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:457.76px;top:335.9px;">m; financial advisor compensation:<div style="display:inline-block;width:3.77px"> </div>USD </div><div id="a131641_173_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:584.498px;top:335.9px;">166</div><div id="a131641_176_18" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:597.52px;top:335.9px;">m). A further USD </div><div id="a131641_194_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:655.215px;top:335.9px;">88</div><div id="a131641_196_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:663.727px;top:335.9px;">m in </div><div id="a131645" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:345.9px;">expenses related<div style="display:inline-block;width:3.79px"> </div>to share-based<div style="display:inline-block;width:3.86px"> </div>compensation<div style="display:inline-block;width:3.61px"> </div>was recognized<div style="display:inline-block;width:3.94px"> </div>within<div style="display:inline-block;width:3.46px"> </div>other expense<div style="display:inline-block;width:3.47px"> </div>categories<div style="display:inline-block;width:3.46px"> </div>included in<div style="display:inline-block;width:3.63px"> </div>Note 6<div style="display:inline-block;width:3.48px"> </div>(salaries:<div style="display:inline-block;width:3.48px"> </div>USD </div><div id="a131645_126_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:419.896px;top:345.9px;">4</div><div id="a131645_127_58" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:424.625px;top:345.9px;">m, related to<div style="display:inline-block;width:3.78px"> </div>role-based<div style="display:inline-block;width:3.7px"> </div>allowances; social<div style="display:inline-block;width:4.09px"> </div>security:<div style="display:inline-block;width:3.47px"> </div>USD </div><div id="a131645_185_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:608.341px;top:345.9px;">61</div><div id="a131645_187_19" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:616.853px;top:345.9px;">m; other<div style="display:inline-block;width:3.62px"> </div>personnel </div><div id="a131651" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:355.8px;">expenses: USD </div><div id="a131651_14_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:51.442px;top:355.8px;">23</div><div id="a131651_16_145" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:59.954px;top:355.8px;">m related to the Equity<div style="display:inline-block;width:3.64px"> </div>Plus Plan). Total personnel<div style="display:inline-block;width:3.48px"> </div>expense related to<div style="display:inline-block;width:3.8px"> </div>share-based equity-settled compensation<div style="display:inline-block;width:3.84px"> </div>excluding social security<div style="display:inline-block;width:3.94px"> </div>was USD </div><div id="a131651_161_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:518.414px;top:355.8px;">716</div><div id="a131651_164_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:531.182px;top:355.8px;">m.</div></div><div id="TextBlockContainer828" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:354px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_826_XBRL_TS_e88345e70cd74290b01ab6df46563dc2" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer827" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:354px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a131697" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Variable compensation<div style="display:inline-block;width:4.63px"> </div>(continued) </div><div id="a131701" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:340.142px;top:15.8px;">Expenses recognized in 2021 </div><div id="a131704" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:15.8px;">Expenses deferred to 2022 and later</div><div id="a131706" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:650.995px;top:16.4px;">1</div><div id="a131708" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:64.5px;">USD m </div><div id="a131711" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:308.888px;top:29.5px;">Related to the </div><div id="a131712" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:341.555px;top:41.3px;">2021 </div><div id="a131713" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.035px;top:53.2px;">performance </div><div id="a131714" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.342px;top:64.5px;">year </div><div id="a131716" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:367.568px;top:41.3px;">Related to prior </div><div id="a131717" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:378.915px;top:53.2px;">performance </div><div id="a131718" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.435px;top:64.5px;">years </div><div id="a131720" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:466.462px;top:64.5px;">Total </div><div id="a131723" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:29.5px;">Related to the </div><div id="a131724" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.542px;top:41.3px;">2021 </div><div id="a131725" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.062px;top:53.2px;">performance </div><div id="a131726" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.328px;top:64.5px;">year </div><div id="a131728" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:41.3px;">Related to prior </div><div id="a131729" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.928px;top:53.2px;">performance </div><div id="a131730" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:599.448px;top:64.5px;">years </div><div id="a131732" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.955px;top:64.5px;">Total </div><div id="a131734" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:78.2px;">Non-deferred cash </div><div id="a131739_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.715px;top:78.2px;">2,383</div><div id="a131742_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:409.688px;top:78.2px;display:flex;">(10)</div><div id="a131745_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.688px;top:78.2px;">2,373</div><div id="a131749_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:78.2px;">0</div><div id="a131752_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.635px;top:78.2px;">0</div><div id="a131755_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.195px;top:78.2px;">0</div><div id="a131758" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:93.4px;">Deferred compensation awards </div><div id="a131761_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.808px;top:93.4px;">405</div><div id="a131764_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:409.688px;top:93.4px;">412</div><div id="a131767_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:469.782px;top:93.4px;">817</div><div id="a131771_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:93.4px;">797</div><div id="a131774_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:603.702px;top:93.4px;">624</div><div id="a131777_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:93.4px;">1,421</div><div id="a131780" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:109px;">of which: Equity Ownership Plan </div><div id="a131783_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:345.808px;top:109px;">183</div><div id="a131786_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:109px;">180</div><div id="a131789_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:109px;">363</div><div id="a131793_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:109px;">393</div><div id="a131796_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.702px;top:109px;">184</div><div id="a131799_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:109px;">577</div><div id="a131802" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:124.1px;">of which: Deferred Contingent Capital Plan </div><div id="a131805_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:345.808px;top:124.1px;">140</div><div id="a131808_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:124.1px;">158</div><div id="a131811_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:124.1px;">297</div><div id="a131815_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:124.1px;">299</div><div id="a131818_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.702px;top:124.1px;">329</div><div id="a131821_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:124.1px;">628</div><div id="a131824" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:139.7px;">of which: Long-Term Incentive<div style="display:inline-block;width:3.85px"> </div>Plan </div><div id="a131829_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:351.008px;top:139.7px;">54</div><div id="a131832_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:414.888px;top:139.7px;">19</div><div id="a131835_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:474.982px;top:139.7px;">73</div><div id="a131839_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:544.995px;top:139.7px;">50</div><div id="a131842_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.902px;top:139.7px;">33</div><div id="a131845_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.475px;top:139.7px;">83</div><div id="a131848" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:154.9px;">of which: Fund Ownership Plan </div><div id="a131851_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:351.008px;top:154.9px;">29</div><div id="a131854_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:414.888px;top:154.9px;">56</div><div id="a131857_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:474.982px;top:154.9px;">84</div><div id="a131861_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:544.995px;top:154.9px;">56</div><div id="a131864_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.902px;top:154.9px;">78</div><div id="a131867_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:154.9px;">133</div><div id="a131870" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:170px;">Variable compensation –<div style="display:inline-block;width:3.91px"> </div>performance awards </div><div id="a131876_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.715px;top:170px;">2,788</div><div id="a131879_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:409.688px;top:170px;">402</div><div id="a131882_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.688px;top:170px;">3,190</div><div id="a131886_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:170px;">797</div><div id="a131889_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:603.702px;top:170px;">624</div><div id="a131892_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:170px;">1,421</div><div id="a131895" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:186.1px;">Variable compensation –<div style="display:inline-block;width:3.91px"> </div>financial advisors</div><div id="a131900" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:159.355px;top:186.7px;">2</div><div id="a131903_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.715px;top:186.1px;">4,175</div><div id="a131906_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:409.688px;top:186.1px;">685</div><div id="a131909_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.688px;top:186.1px;">4,860</div><div id="a131913_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.702px;top:186.1px;">1,097</div><div id="a131916_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.582px;top:186.1px;">2,323</div><div id="a131919_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:186.1px;">3,419</div><div id="a131922" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:201.2px;">of which: non-deferred cash </div><div id="a131927_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:338.715px;top:201.2px;">3,858</div><div id="a131930_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:414.408px;top:201.2px;display:flex;">(6)</div><div id="a131933_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:462.688px;top:201.2px;">3,853</div><div id="a131937_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:549.755px;top:201.2px;">0</div><div id="a131940_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.635px;top:201.2px;">0</div><div id="a131943_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:674.195px;top:201.2px;">0</div><div id="a131946" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:216.8px;">of which: deferred share-based awards </div><div id="a131951_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:345.808px;top:216.8px;">106</div><div id="a131954_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:414.888px;top:216.8px;">51</div><div id="a131957_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:216.8px;">157</div><div id="a131961_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:216.8px;">123</div><div id="a131964_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.702px;top:216.8px;">146</div><div id="a131967_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:216.8px;">269</div><div id="a131970" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:232px;">of which: deferred cash-based awards </div><div id="a131975_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:345.808px;top:232px;">170</div><div id="a131978_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:232px;">202</div><div id="a131981_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:232px;">372</div><div id="a131985_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:232px;">311</div><div id="a131988_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.702px;top:232px;">495</div><div id="a131991_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:232px;">806</div><div id="a131994" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:247.6px;">of which: compensation commitments with recruited<div style="display:inline-block;width:3.78px"> </div>financial advisors </div><div id="a131997_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:351.008px;top:247.6px;">41</div><div id="a132000_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:247.6px;">438</div><div id="a132003_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:247.6px;">479</div><div id="a132007_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:247.6px;">662</div><div id="a132010_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.582px;top:247.6px;">1,682</div><div id="a132013_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:657.168px;top:247.6px;">2,344</div><div id="a132016" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:263.7px;">Variable compensation –<div style="display:inline-block;width:3.91px"> </div>other</div><div id="a132020" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:116.288px;top:264.3px;">3</div><div id="a132023_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.808px;top:263.7px;">191</div><div id="a132026_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:414.888px;top:263.7px;">38</div><div id="a132029_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:469.782px;top:263.7px;">229</div><div id="a132033_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:263.7px;">215</div><div id="a132036_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:603.702px;top:263.7px;">182</div><div id="a132039_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:263.7px;">397</div><div id="a132042" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:279.8px;">Total variable compensation </div><div id="a132045_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.715px;top:279.8px;">7,155</div><div id="a132048_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:402.595px;top:279.8px;">1,125</div><div id="a132051_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.848px;top:279.8px;">8,280</div><div id="a132053" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:481.595px;top:280.4px;">4 </div><div id="a132056_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.702px;top:279.8px;">2,109</div><div id="a132059_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.582px;top:279.8px;">3,129</div><div id="a132062_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:279.8px;">5,238</div><div id="a132065" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:295.3px;">1 Estimate as<div style="display:inline-block;width:3.49px"> </div>of 31 December<div style="display:inline-block;width:3.65px"> </div>2021. Actual amounts<div style="display:inline-block;width:4.31px"> </div>expensed may<div style="display:inline-block;width:3.47px"> </div>vary; e.g.,<div style="display:inline-block;width:4.11px"> </div>due to forfeiture<div style="display:inline-block;width:3.63px"> </div>of awards.<div style="display:inline-block;width:11.12px"> </div>2 Financial<div style="display:inline-block;width:3.49px"> </div>advisor compensation<div style="display:inline-block;width:3.59px"> </div>consists of<div style="display:inline-block;width:3.61px"> </div>cash and deferred<div style="display:inline-block;width:3.81px"> </div>compensation awards<div style="display:inline-block;width:3.93px"> </div>and is based<div style="display:inline-block;width:3.8px"> </div>on </div><div id="a132068" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:305.2px;">compensable revenues and<div style="display:inline-block;width:3.78px"> </div>firm tenure using<div style="display:inline-block;width:3.63px"> </div>a formulaic approach.<div style="display:inline-block;width:3.95px"> </div>It also includes expenses<div style="display:inline-block;width:4.42px"> </div>related to compensation<div style="display:inline-block;width:3.93px"> </div>commitments<div style="display:inline-block;width:3.06px"> </div>with financial advisors<div style="display:inline-block;width:4.09px"> </div>entered into at<div style="display:inline-block;width:3.54px"> </div>the time of recruitment<div style="display:inline-block;width:4.09px"> </div>that are subject<div style="display:inline-block;width:3.49px"> </div>to </div><div id="a132071" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:315.6px;">vesting requirements.<div style="display:inline-block;width:12.91px"> </div>3 Consists<div style="display:inline-block;width:4.26px"> </div>of replacement<div style="display:inline-block;width:4.41px"> </div>payments, forfeiture<div style="display:inline-block;width:4.42px"> </div>credits,<div style="display:inline-block;width:3.63px"> </div>severance<div style="display:inline-block;width:3.78px"> </div>payments, retention<div style="display:inline-block;width:4.89px"> </div>plan payments<div style="display:inline-block;width:4.37px"> </div>and interest<div style="display:inline-block;width:3.95px"> </div>expense related<div style="display:inline-block;width:4.42px"> </div>to the<div style="display:inline-block;width:3.94px"> </div>Deferred Contingent<div style="display:inline-block;width:4.73px"> </div>Capital Plan.<div style="display:inline-block;width:12.28px"> </div>4 Includes </div><div id="a132074" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:325.5px;">USD </div><div id="a132074_4_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.812px;top:325.5px;">651</div><div id="a132074_7_75" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:31.581px;top:325.5px;">m in expenses related<div style="display:inline-block;width:3.79px"> </div>to share-based<div style="display:inline-block;width:3.41px"> </div>compensation (performance<div style="display:inline-block;width:4.09px"> </div>awards: USD </div><div id="a132074_82_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:284.675px;top:325.5px;">435</div><div id="a132074_85_36" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:297.443px;top:325.5px;">m; other variable<div style="display:inline-block;width:3.46px"> </div>compensation:<div style="display:inline-block;width:3.45px"> </div>USD </div><div id="a132074_121_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:417.56px;top:325.5px;">59</div><div id="a132074_123_39" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:426.072px;top:325.5px;">m; financial advisor compensation:<div style="display:inline-block;width:4.72px"> </div>USD </div><div id="a132074_162_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:553.283px;top:325.5px;">157</div><div id="a132074_165_18" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:566.307px;top:325.5px;">m). A further USD </div><div id="a132074_183_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:624.947px;top:325.5px;">85</div><div id="a132074_185_14" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:633.459px;top:325.5px;">m in expenses </div><div id="a132080" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:335.9px;">related to<div style="display:inline-block;width:3.78px"> </div>share-based compensation<div style="display:inline-block;width:4.29px"> </div>was recognized<div style="display:inline-block;width:4.48px"> </div>within<div style="display:inline-block;width:3.46px"> </div>other expense<div style="display:inline-block;width:3.47px"> </div>categories<div style="display:inline-block;width:3.46px"> </div>included in<div style="display:inline-block;width:3.63px"> </div>Note 6<div style="display:inline-block;width:3.95px"> </div>(salaries:<div style="display:inline-block;width:3.48px"> </div>USD </div><div id="a132080_117_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:389.355px;top:335.9px;">5</div><div id="a132080_118_57" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:393.611px;top:335.9px;">m related<div style="display:inline-block;width:3.78px"> </div>to role-based<div style="display:inline-block;width:4.12px"> </div>allowances;<div style="display:inline-block;width:3.63px"> </div>social security:<div style="display:inline-block;width:3.94px"> </div>USD </div><div id="a132080_175_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:576.174px;top:335.9px;">64</div><div id="a132080_177_29" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:584.686px;top:335.9px;">m; other<div style="display:inline-block;width:3.62px"> </div>personnel expenses: </div><div id="a132088" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:345.9px;">USD </div><div id="a132088_4_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.812px;top:345.9px;">16</div><div id="a132088_6_145" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:27.324px;top:345.9px;">m related to the Equity Plus<div style="display:inline-block;width:3.64px"> </div>Plan). Total personnel<div style="display:inline-block;width:3.47px"> </div>expense related to share-based<div style="display:inline-block;width:3.96px"> </div>equity-settled compensation<div style="display:inline-block;width:3.65px"> </div>excluding social security<div style="display:inline-block;width:3.47px"> </div>was USD </div><div id="a132088_151_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:486.227px;top:345.9px;">641</div><div id="a132088_154_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:498.995px;top:345.9px;">m.</div></div></div></div><div id="TextBlockContainer831" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:363px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a132097" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Variable compensation<div style="display:inline-block;width:4.63px"> </div>(continued) </div><div id="a132105" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:340.142px;top:15.3px;">Expenses recognized in 2020 </div><div id="a132108" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:15.3px;">Expenses deferred to 2021 and later</div><div id="a132109" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:650.995px;top:15.9px;">1</div><div id="a132111" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:63.6px;">USD m </div><div id="a132114" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:308.888px;top:28.5px;">Related to the </div><div id="a132115" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:341.555px;top:40.4px;">2020 </div><div id="a132116" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.035px;top:52.2px;">performance </div><div id="a132117" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.342px;top:63.6px;">year </div><div id="a132119" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:367.568px;top:40.4px;">Related to prior </div><div id="a132120" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:378.915px;top:52.2px;">performance </div><div id="a132121" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.435px;top:63.6px;">years </div><div id="a132123" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:466.462px;top:63.6px;">Total </div><div id="a132126" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:28.5px;">Related to the </div><div id="a132127" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.542px;top:40.4px;">2020 </div><div id="a132128" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.062px;top:52.2px;">performance </div><div id="a132129" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.328px;top:63.6px;">year </div><div id="a132131" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:40.4px;">Related to prior </div><div id="a132132" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.928px;top:52.2px;">performance </div><div id="a132133" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:599.448px;top:63.6px;">years </div><div id="a132135" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.955px;top:63.6px;">Total </div><div id="a132137" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:77.7px;">Non-deferred cash </div><div id="a132142_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.715px;top:77.7px;">2,167</div><div id="a132145_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:409.688px;top:77.7px;display:flex;">(26)</div><div id="a132148_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.688px;top:77.7px;">2,141</div><div id="a132152_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:77.7px;">0</div><div id="a132155_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.635px;top:77.7px;">0</div><div id="a132158_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.195px;top:77.7px;">0</div><div id="a132161" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:93.8px;">Deferred compensation awards </div><div id="a132164_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.808px;top:93.8px;">341</div><div id="a132167_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:409.688px;top:93.8px;">727</div><div id="a132170_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.688px;top:93.8px;">1,068</div><div id="a132174_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:93.8px;">756</div><div id="a132177_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:603.702px;top:93.8px;">288</div><div id="a132180_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:93.8px;">1,044</div><div id="a132183" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:110.4px;">of which: Equity Ownership Plan </div><div id="a132187_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:345.808px;top:110.4px;">137</div><div id="a132190_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:110.4px;">327</div><div id="a132193_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:110.4px;">463</div><div id="a132197_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:110.4px;">306</div><div id="a132200_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.902px;top:110.4px;">69</div><div id="a132203_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:110.4px;">376</div><div id="a132206" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:127px;">of which: Deferred Contingent Capital Plan </div><div id="a132209_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:345.808px;top:127px;">112</div><div id="a132212_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:127px;">351</div><div id="a132215_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:127px;">463</div><div id="a132219_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:127px;">280</div><div id="a132222_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.702px;top:127px;">196</div><div id="a132225_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:127px;">476</div><div id="a132228" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:143px;">of which: Long-Term Incentive<div style="display:inline-block;width:3.85px"> </div>Plan </div><div id="a132233_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:351.008px;top:143px;">42</div><div id="a132236_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:414.888px;top:143px;">11</div><div id="a132239_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:474.982px;top:143px;">54</div><div id="a132243_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:544.995px;top:143px;">50</div><div id="a132246_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.902px;top:143px;">10</div><div id="a132249_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.475px;top:143px;">61</div><div id="a132252" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:159.6px;">of which: Fund Ownership Plan </div><div id="a132255_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:351.008px;top:159.6px;">49</div><div id="a132258_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:414.888px;top:159.6px;">39</div><div id="a132261_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:474.982px;top:159.6px;">88</div><div id="a132265_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:159.6px;">120</div><div id="a132268_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.902px;top:159.6px;">12</div><div id="a132271_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:159.6px;">132</div><div id="a132274" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:175.2px;">Variable compensation –<div style="display:inline-block;width:3.91px"> </div>performance awards </div><div id="a132280_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.715px;top:175.2px;">2,508</div><div id="a132283_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:409.688px;top:175.2px;">701</div><div id="a132286_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.688px;top:175.2px;">3,209</div><div id="a132290_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:175.2px;">756</div><div id="a132293_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:603.702px;top:175.2px;">288</div><div id="a132296_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:175.2px;">1,044</div><div id="a132299" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:191.3px;">Variable compensation –<div style="display:inline-block;width:3.91px"> </div>financial advisors</div><div id="a132303" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:159.355px;top:191.9px;">2</div><div id="a132306_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.715px;top:191.3px;">3,378</div><div id="a132309_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:409.688px;top:191.3px;">713</div><div id="a132312_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.688px;top:191.3px;">4,091</div><div id="a132316_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:191.3px;">822</div><div id="a132319_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.582px;top:191.3px;">2,284</div><div id="a132322_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:191.3px;">3,106</div><div id="a132325" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:207.9px;">of which: non-deferred cash </div><div id="a132330_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:338.715px;top:207.9px;">3,154</div><div id="a132333_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:419.622px;top:207.9px;">0</div><div id="a132336_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:462.688px;top:207.9px;">3,154</div><div id="a132340_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:549.755px;top:207.9px;">0</div><div id="a132343_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.635px;top:207.9px;">0</div><div id="a132346_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:674.195px;top:207.9px;">0</div><div id="a132349" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:223.9px;">of which: deferred share-based awards </div><div id="a132355_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:351.008px;top:223.9px;">69</div><div id="a132358_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:414.888px;top:223.9px;">50</div><div id="a132361_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:223.9px;">119</div><div id="a132365_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:544.995px;top:223.9px;">79</div><div id="a132368_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.702px;top:223.9px;">135</div><div id="a132371_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:223.9px;">214</div><div id="a132374" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:240.5px;">of which: deferred cash-based awards </div><div id="a132379_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:345.808px;top:240.5px;">133</div><div id="a132382_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:240.5px;">183</div><div id="a132385_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:240.5px;">316</div><div id="a132389_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:240.5px;">271</div><div id="a132392_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.702px;top:240.5px;">467</div><div id="a132395_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:240.5px;">738</div><div id="a132398" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:256.6px;">of which: compensation commitments with recruited<div style="display:inline-block;width:3.78px"> </div>financial advisors </div><div id="a132401_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:351.008px;top:256.6px;">22</div><div id="a132404_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:256.6px;">480</div><div id="a132407_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:256.6px;">502</div><div id="a132411_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:256.6px;">473</div><div id="a132414_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.582px;top:256.6px;">1,682</div><div id="a132417_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:657.168px;top:256.6px;">2,155</div><div id="a132420" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:272.7px;">Variable compensation –<div style="display:inline-block;width:3.91px"> </div>other</div><div id="a132425" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:116.288px;top:273.3px;">3</div><div id="a132428_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.808px;top:272.7px;">126</div><div id="a132431_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:414.888px;top:272.7px;">94</div><div id="a132434_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:469.782px;top:272.7px;">220</div><div id="a132438_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:272.7px;">181</div><div id="a132441_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:603.702px;top:272.7px;">192</div><div id="a132444_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:272.7px;">374</div><div id="a132447" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:288.8px;">Total variable compensation </div><div id="a132450_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.715px;top:288.8px;">6,012</div><div id="a132453_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:402.595px;top:288.8px;">1,508</div><div id="a132456_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.848px;top:288.8px;">7,520</div><div id="a132458" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:481.595px;top:289.4px;">4 </div><div id="a132461_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.702px;top:288.8px;">1,760</div><div id="a132464_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.582px;top:288.8px;">2,764</div><div id="a132467_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:288.8px;">4,524</div><div id="a132470" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:304.3px;">1 Estimate as<div style="display:inline-block;width:3.49px"> </div>of 31 December<div style="display:inline-block;width:3.65px"> </div>2020. Actual amounts<div style="display:inline-block;width:4.31px"> </div>expensed may<div style="display:inline-block;width:3.47px"> </div>vary; e.g.,<div style="display:inline-block;width:4.11px"> </div>due to forfeiture<div style="display:inline-block;width:3.63px"> </div>of awards.<div style="display:inline-block;width:11.12px"> </div>2 Financial<div style="display:inline-block;width:3.49px"> </div>advisor compensation<div style="display:inline-block;width:3.59px"> </div>consists of<div style="display:inline-block;width:3.61px"> </div>cash and deferred<div style="display:inline-block;width:3.81px"> </div>compensation awards<div style="display:inline-block;width:3.93px"> </div>and is based<div style="display:inline-block;width:3.8px"> </div>on </div><div id="a132473" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:314.2px;">compensable revenues and<div style="display:inline-block;width:3.78px"> </div>firm tenure using<div style="display:inline-block;width:3.63px"> </div>a formulaic approach.<div style="display:inline-block;width:3.95px"> </div>It also includes expenses<div style="display:inline-block;width:4.42px"> </div>related to compensation<div style="display:inline-block;width:3.93px"> </div>commitments<div style="display:inline-block;width:3.06px"> </div>with financial advisors<div style="display:inline-block;width:4.09px"> </div>entered into at<div style="display:inline-block;width:3.54px"> </div>the time of recruitment<div style="display:inline-block;width:4.09px"> </div>that are subject<div style="display:inline-block;width:3.49px"> </div>to </div><div id="a132476" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:324.6px;">vesting requirements.<div style="display:inline-block;width:12.91px"> </div>3 Consists<div style="display:inline-block;width:4.26px"> </div>of replacement<div style="display:inline-block;width:4.41px"> </div>payments, forfeiture<div style="display:inline-block;width:4.42px"> </div>credits,<div style="display:inline-block;width:3.63px"> </div>severance<div style="display:inline-block;width:3.78px"> </div>payments, retention<div style="display:inline-block;width:4.89px"> </div>plan payments<div style="display:inline-block;width:4.37px"> </div>and interest<div style="display:inline-block;width:3.95px"> </div>expense related<div style="display:inline-block;width:4.42px"> </div>to the<div style="display:inline-block;width:3.94px"> </div>Deferred Contingent<div style="display:inline-block;width:4.73px"> </div>Capital Plan.<div style="display:inline-block;width:12.28px"> </div>4 Includes </div><div id="a132479" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:334.5px;">USD </div><div id="a132479_4_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.812px;top:334.5px;">686</div><div id="a132479_7_75" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:31.581px;top:334.5px;">m in expenses related to<div style="display:inline-block;width:3.47px"> </div>share-based compensation<div style="display:inline-block;width:3.4px"> </div>(performance awards:<div style="display:inline-block;width:4.12px"> </div>USD </div><div id="a132479_82_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:283.255px;top:334.5px;">517</div><div id="a132479_85_36" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:296.024px;top:334.5px;">m; other variable compensation:<div style="display:inline-block;width:3.92px"> </div>USD </div><div id="a132479_121_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:415.195px;top:334.5px;">50</div><div id="a132479_123_39" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:423.707px;top:334.5px;">m; financial advisor compensation:<div style="display:inline-block;width:3.77px"> </div>USD </div><div id="a132479_162_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:550.445px;top:334.5px;">119</div><div id="a132479_165_18" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:563.481px;top:334.5px;">m). A further USD </div><div id="a132479_183_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:621.175px;top:334.5px;">100</div><div id="a132479_186_14" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:633.943px;top:334.5px;">m in expenses </div><div id="a132485" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:345px;">related to share-based<div style="display:inline-block;width:4.46px"> </div>compensation<div style="display:inline-block;width:3.61px"> </div>was recognized<div style="display:inline-block;width:4.48px"> </div>within other<div style="display:inline-block;width:3.62px"> </div>expense categories<div style="display:inline-block;width:4.26px"> </div>included in<div style="display:inline-block;width:4.1px"> </div>Note 6<div style="display:inline-block;width:3.48px"> </div>(salaries:<div style="display:inline-block;width:3.48px"> </div>USD </div><div id="a132485_117_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:389.663px;top:345px;">4</div><div id="a132485_118_57" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:393.919px;top:345px;">m related to<div style="display:inline-block;width:4.41px"> </div>role-based allowances;<div style="display:inline-block;width:4.77px"> </div>social security:<div style="display:inline-block;width:3.94px"> </div>USD </div><div id="a132485_175_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:576.181px;top:345px;">54</div><div id="a132485_177_29" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:584.693px;top:345px;">m; other<div style="display:inline-block;width:3.62px"> </div>personnel expenses: </div><div id="a132491" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:354.9px;">USD </div><div id="a132491_4_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.812px;top:354.9px;">42</div><div id="a132491_6_145" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:27.324px;top:354.9px;">m related to the Equity Plus<div style="display:inline-block;width:3.64px"> </div>Plan). Total personnel<div style="display:inline-block;width:3.47px"> </div>expense related to share-based<div style="display:inline-block;width:3.96px"> </div>equity-settled compensation<div style="display:inline-block;width:3.65px"> </div>excluding social security<div style="display:inline-block;width:3.47px"> </div>was USD </div><div id="a132491_151_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:486.227px;top:354.9px;">691</div><div id="a132491_154_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:498.995px;top:354.9px;">m.</div></div><div id="TextBlockContainer834" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:681px;height:56px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a132539" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">c) Outstanding share-based compensation<div style="display:inline-block;width:5.25px"> </div>awards </div><div id="a132546" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:27.8px;">Share and performance share<div style="display:inline-block;width:5.02px"> </div>awards </div><div id="a132551" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.9px;">Movements in outstanding share-based<div style="display:inline-block;width:5.8px"> </div>awards to employees during<div style="display:inline-block;width:5.13px"> </div>2022 and 2021 are provided in<div style="display:inline-block;width:5.21px"> </div>the table below.</div></div><div id="TextBlockContainer838" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:146px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_836_XBRL_TS_020ae19e73444643aec885151ff65c48" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer837" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:146px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a132558" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Movements in outstanding<div style="display:inline-block;width:4.18px"> </div>share-based compensation awards </div><div id="a132565" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:368.982px;top:28.6px;">Number of shares </div><div id="a132566" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:413.942px;top:40.4px;">2022 </div><div id="a132568" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.008px;top:17.2px;">Weighted average </div><div id="a132570" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:449.435px;top:28.6px;">grant date fair value </div><div id="a132572" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:502.435px;top:40.4px;">(USD) </div><div id="a132574" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:534.595px;top:28.6px;">Number of shares </div><div id="a132575" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:579.075px;top:40.4px;">2021 </div><div id="a132577" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:612.222px;top:17.2px;">Weighted average </div><div id="a132579" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:604.648px;top:28.6px;">grant date fair value </div><div id="a132581" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.648px;top:40.4px;">(USD) </div><div id="a132583" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:54.6px;">Outstanding, at the beginning of the<div style="display:inline-block;width:3.8px"> </div>year </div><div id="a132585_1_11" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:385.062px;top:54.6px;">180,578,561</div><div id="a132588_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:54.6px;">13</div><div id="a132591_1_11" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.235px;top:54.6px;">174,900,395</div><div id="a132594_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:54.6px;">12</div><div id="a132597" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:70.7px;">Awarded during the year </div><div id="a132599_1_10" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:389.822px;top:70.7px;">62,203,770</div><div id="a132602_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:70.7px;">18</div><div id="a132605_1_10" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:555.435px;top:70.7px;">68,721,549</div><div id="a132608_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:70.7px;">15</div><div id="a132611" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:87.2px;">Distributed during the year </div><div id="a132613_1_12" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:385.062px;top:87.2px;display:flex;">(54,639,882)</div><div id="a132616_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:87.2px;">12</div><div id="a132619_1_12" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.235px;top:87.2px;display:flex;">(52,137,287)</div><div id="a132622_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:87.2px;">13</div><div id="a132625" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:103.3px;">Forfeited during the<div style="display:inline-block;width:3.78px"> </div>year </div><div id="a132627_1_11" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:390.302px;top:103.3px;display:flex;">(6,235,249)</div><div id="a132630_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:103.3px;">15</div><div id="a132633_1_12" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.235px;top:103.3px;display:flex;">(10,906,096)</div><div id="a132636_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:103.3px;">13</div><div id="a132639" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:118.9px;">Outstanding, at the end of the year </div><div id="a132641_1_11" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:385.062px;top:118.9px;">181,907,200</div><div id="a132644_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:118.9px;">15</div><div id="a132647_1_11" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.235px;top:118.9px;">180,578,561</div><div id="a132650_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:118.9px;">13</div><div id="a132653" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:135.5px;">of which: shares vested for accounting purposes </div><div id="a132655_1_11" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:385.062px;top:135.5px;">102,364,973</div><div id="a132659_1_11" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.235px;top:135.5px;">107,828,979</div></div></div></div><div id="TextBlockContainer840" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:202px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a132664" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">The<div style="display:inline-block;width:6.35px"> </div>total<div style="display:inline-block;width:5.94px"> </div>carrying<div style="display:inline-block;width:6.21px"> </div>amount<div style="display:inline-block;width:6.45px"> </div>of<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:6.33px"> </div>liability<div style="display:inline-block;width:5.95px"> </div>related<div style="display:inline-block;width:6.65px"> </div>to<div style="display:inline-block;width:6.2px"> </div>cash-settled<div style="display:inline-block;width:5.97px"> </div>share-based<div style="display:inline-block;width:6.82px"> </div>awards<div style="display:inline-block;width:7.06px"> </div>as<div style="display:inline-block;width:6.2px"> </div>of<div style="display:inline-block;width:6.2px"> </div>31 December<div style="display:inline-block;width:6.13px"> </div>2022<div style="display:inline-block;width:7.01px"> </div>and </div><div id="a132677" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">31 December 2021<div style="display:inline-block;width:5.12px"> </div>was USD </div><div id="a132677_25_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.885px;top:15.1px;">43</div><div id="a132677_27_10" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:188.045px;top:15.1px;">m and USD </div><div id="a132677_37_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:255.698px;top:15.1px;">37</div><div id="a132677_39_17" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:270.832px;top:15.1px;">m, respectively. </div><div id="a132694" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.3px;"> </div><div id="a132695" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:4.905px;top:53.1px;">d) Valuation </div><div id="a132697" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:80.4px;">UBS share awards </div><div id="a132700" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:96px;">UBS measures compensation<div style="display:inline-block;width:5.6px"> </div>expense based on<div style="display:inline-block;width:5.1px"> </div>the average market price of UBS<div style="display:inline-block;width:5.47px"> </div>shares<div style="display:inline-block;width:4.23px"> </div>on the grant date as quoted<div style="display:inline-block;width:5.61px"> </div>on </div><div id="a132708" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:111.2px;">the SIX<div style="display:inline-block;width:5.68px"> </div>Swiss Exchange,<div style="display:inline-block;width:6.18px"> </div>taking into<div style="display:inline-block;width:5.6px"> </div>consideration<div style="display:inline-block;width:5.07px"> </div>post-vesting sale<div style="display:inline-block;width:5.56px"> </div>and hedge<div style="display:inline-block;width:5.84px"> </div>restrictions,<div style="display:inline-block;width:5.02px"> </div>non-vesting<div style="display:inline-block;width:5.34px"> </div>conditions<div style="display:inline-block;width:5.23px"> </div>and </div><div id="a132713" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:126.3px;">market conditions, where<div style="display:inline-block;width:2.16px"> </div>applicable. The fair value<div style="display:inline-block;width:2.25px"> </div>of the share<div style="display:inline-block;width:2.06px"> </div>awards subject to post-vesting sale<div style="display:inline-block;width:2.06px"> </div>and hedge restrictions </div><div id="a132717" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:141.9px;">is discounted<div style="display:inline-block;width:5.38px"> </div>on the basis<div style="display:inline-block;width:5.59px"> </div>of the duration<div style="display:inline-block;width:5.91px"> </div>of the post-vesting<div style="display:inline-block;width:5.36px"> </div>restriction and<div style="display:inline-block;width:5.85px"> </div>is referenced<div style="display:inline-block;width:5.47px"> </div>to the cost<div style="display:inline-block;width:5.4px"> </div>of purchasing<div style="display:inline-block;width:5.72px"> </div>an </div><div id="a132720" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:157.1px;">at-the-money European<div style="display:inline-block;width:5.79px"> </div>put option<div style="display:inline-block;width:5.64px"> </div>for the<div style="display:inline-block;width:5.25px"> </div>term of<div style="display:inline-block;width:5.37px"> </div>the transfer<div style="display:inline-block;width:5.63px"> </div>restriction.<div style="display:inline-block;width:5.04px"> </div>The grant<div style="display:inline-block;width:5.63px"> </div>date fair<div style="display:inline-block;width:5.42px"> </div>value of<div style="display:inline-block;width:5.25px"> </div>notional shares </div><div id="a132729" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:172.7px;">without<div style="display:inline-block;width:5.03px"> </div>dividend<div style="display:inline-block;width:5.13px"> </div>entitlements also<div style="display:inline-block;width:5.56px"> </div>includes a<div style="display:inline-block;width:6.02px"> </div>deduction<div style="display:inline-block;width:5.28px"> </div>for the<div style="display:inline-block;width:5.72px"> </div>present<div style="display:inline-block;width:5.12px"> </div>value of<div style="display:inline-block;width:5.72px"> </div>future expected<div style="display:inline-block;width:5.81px"> </div>dividends<div style="display:inline-block;width:5.18px"> </div>to be<div style="display:inline-block;width:5.56px"> </div>paid </div><div id="a132730" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:187.8px;">between the grant date and<div style="display:inline-block;width:5.15px"> </div>distribution.</div></div> 0.20 178000000 175000000 119000000 149000000 2.5 <div id="TextBlockContainer824" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:691px;height:364px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_822_XBRL_TS_719d1a8d2cf64b8084fd9caf4f8864f2" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer823" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:691px;height:364px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a131262" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Variable compensation </div><div id="a131270" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:339.195px;top:15.8px;">Expenses recognized in 2022 </div><div id="a131273" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:518.515px;top:15.8px;">Expenses deferred to 2023 and later</div><div id="a131274" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:650.995px;top:16.4px;">1</div><div id="a131276" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:65px;">USD m </div><div id="a131279" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:307.942px;top:30px;">Related to the </div><div id="a131280" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:340.142px;top:41.3px;">2022 </div><div id="a131281" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:313.622px;top:53.1px;">performance </div><div id="a131282" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:344.395px;top:65px;">year </div><div id="a131284" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:366.622px;top:41.3px;">Related to prior </div><div id="a131285" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:377.502px;top:53.1px;">performance </div><div id="a131286" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:404.488px;top:65px;">years </div><div id="a131288" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.515px;top:65px;">Total </div><div id="a131291" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:501.968px;top:30px;">Related to the </div><div id="a131292" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:534.128px;top:41.3px;">2022 </div><div id="a131293" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:507.635px;top:53.1px;">performance </div><div id="a131294" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:538.382px;top:65px;">year </div><div id="a131296" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:560.635px;top:41.3px;">Related to prior </div><div id="a131297" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:571.515px;top:53.1px;">performance </div><div id="a131298" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:598.475px;top:65px;">years </div><div id="a131300" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:660.008px;top:65px;">Total </div><div id="a131302" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:78.7px;">Non-deferred cash </div><div id="a131307_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:337.768px;top:78.7px;">2,276</div><div id="a131310_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.742px;top:78.7px;display:flex;">(16)</div><div id="a131313_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:461.742px;top:78.7px;">2,260</div><div id="a131317_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:548.808px;top:78.7px;">0</div><div id="a131320_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:612.688px;top:78.7px;">0</div><div id="a131323_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.248px;top:78.7px;">0</div><div id="a131326" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:95.3px;">Deferred compensation awards </div><div id="a131329_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.862px;top:95.3px;">364</div><div id="a131332_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.742px;top:95.3px;">581</div><div id="a131335_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.835px;top:95.3px;">945</div><div id="a131339_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:538.848px;top:95.3px;">605</div><div id="a131342_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:602.755px;top:95.3px;">754</div><div id="a131345_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.222px;top:95.3px;">1,359</div><div id="a131348" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:111.3px;">of which: Equity Ownership Plan </div><div id="a131351_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.862px;top:111.3px;">202</div><div id="a131354_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:408.742px;top:111.3px;">235</div><div id="a131357_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:468.835px;top:111.3px;">437</div><div id="a131361_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:538.848px;top:111.3px;">310</div><div id="a131364_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:602.755px;top:111.3px;">250</div><div id="a131367_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:111.3px;">560</div><div id="a131370" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:127.9px;">of which: Deferred Contingent Capital Plan </div><div id="a131373_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.862px;top:127.9px;">129</div><div id="a131376_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:408.742px;top:127.9px;">219</div><div id="a131379_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:468.835px;top:127.9px;">349</div><div id="a131383_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:538.848px;top:127.9px;">245</div><div id="a131386_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:602.755px;top:127.9px;">408</div><div id="a131389_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:127.9px;">654</div><div id="a131392" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:144.5px;">of which: Long-Term Incentive<div style="display:inline-block;width:3.85px"> </div>Plan </div><div id="a131397_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:350.062px;top:144.5px;">11</div><div id="a131400_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:413.942px;top:144.5px;">32</div><div id="a131403_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:474.035px;top:144.5px;">43</div><div id="a131407_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:544.048px;top:144.5px;">30</div><div id="a131410_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.955px;top:144.5px;">42</div><div id="a131413_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.528px;top:144.5px;">71</div><div id="a131416" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:160.5px;">of which: Fund Ownership Plan </div><div id="a131420_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:350.062px;top:160.5px;">21</div><div id="a131423_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:413.942px;top:160.5px;">95</div><div id="a131426_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:468.835px;top:160.5px;">116</div><div id="a131430_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:544.048px;top:160.5px;">20</div><div id="a131433_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.955px;top:160.5px;">54</div><div id="a131436_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.528px;top:160.5px;">74</div><div id="a131439" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:176.1px;">Variable compensation –<div style="display:inline-block;width:3.91px"> </div>performance awards </div><div id="a131445_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.768px;top:176.1px;">2,640</div><div id="a131448_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:408.742px;top:176.1px;">566</div><div id="a131451_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:461.742px;top:176.1px;">3,205</div><div id="a131455_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:538.848px;top:176.1px;">605</div><div id="a131458_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:602.755px;top:176.1px;">754</div><div id="a131461_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.222px;top:176.1px;">1,359</div><div id="a131464" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:192.7px;">Variable compensation –<div style="display:inline-block;width:3.91px"> </div>financial advisors</div><div id="a131468" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:159.355px;top:193.3px;">2</div><div id="a131471_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.768px;top:192.7px;">3,799</div><div id="a131474_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:408.742px;top:192.7px;">709</div><div id="a131477_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:461.742px;top:192.7px;">4,508</div><div id="a131481_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:531.755px;top:192.7px;">1,290</div><div id="a131484_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.635px;top:192.7px;">2,652</div><div id="a131487_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.222px;top:192.7px;">3,942</div><div id="a131490" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:208.8px;">of which: non-deferred cash </div><div id="a131495_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.768px;top:208.8px;">3,481</div><div id="a131498_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:418.675px;top:208.8px;">0</div><div id="a131501_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:461.742px;top:208.8px;">3,481</div><div id="a131505_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:548.808px;top:208.8px;">0</div><div id="a131508_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:612.688px;top:208.8px;">0</div><div id="a131511_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.248px;top:208.8px;">0</div><div id="a131514" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:225.4px;">of which: deferred share-based awards </div><div id="a131519_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.862px;top:225.4px;">104</div><div id="a131522_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:413.942px;top:225.4px;">62</div><div id="a131525_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:468.835px;top:225.4px;">166</div><div id="a131529_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:538.848px;top:225.4px;">122</div><div id="a131532_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:602.755px;top:225.4px;">180</div><div id="a131535_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:225.4px;">302</div><div id="a131538" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:241.4px;">of which: deferred cash-based awards </div><div id="a131543_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.862px;top:241.4px;">185</div><div id="a131546_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:408.742px;top:241.4px;">215</div><div id="a131549_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:468.835px;top:241.4px;">400</div><div id="a131553_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:538.848px;top:241.4px;">588</div><div id="a131556_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:602.755px;top:241.4px;">636</div><div id="a131559_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.222px;top:241.4px;">1,224</div><div id="a131562" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:258px;">of which: compensation commitments with recruited<div style="display:inline-block;width:3.78px"> </div>financial advisors </div><div id="a131565_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:350.062px;top:258px;">29</div><div id="a131568_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:408.742px;top:258px;">432</div><div id="a131571_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:468.835px;top:258px;">461</div><div id="a131575_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:538.848px;top:258px;">580</div><div id="a131578_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:595.635px;top:258px;">1,836</div><div id="a131581_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.222px;top:258px;">2,416</div><div id="a131584" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:273.6px;">Variable compensation –<div style="display:inline-block;width:3.91px"> </div>other</div><div id="a131588" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:116.288px;top:274.2px;">3</div><div id="a131591_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:344.862px;top:273.6px;">169</div><div id="a131594_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:413.942px;top:273.6px;">71</div><div id="a131597_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:468.835px;top:273.6px;">241</div><div id="a131601_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:538.848px;top:273.6px;">237</div><div id="a131604_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:602.755px;top:273.6px;">193</div><div id="a131607_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:663.315px;top:273.6px;">430</div><div id="a131610" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:290.1px;">Total variable compensation </div><div id="a131613_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.768px;top:290.1px;">6,608</div><div id="a131616_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:401.648px;top:290.1px;">1,346</div><div id="a131619_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:458.902px;top:290.1px;">7,954</div><div id="a131621" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:480.648px;top:290.8px;">4 </div><div id="a131624_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:531.755px;top:290.1px;">2,131</div><div id="a131627_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.635px;top:290.1px;">3,599</div><div id="a131630_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.222px;top:290.1px;">5,731</div><div id="a131633" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:305.2px;">1 Estimate as<div style="display:inline-block;width:3.96px"> </div>of 31 December<div style="display:inline-block;width:3.65px"> </div>2022. Actual<div style="display:inline-block;width:3.84px"> </div>amounts to<div style="display:inline-block;width:3.61px"> </div>be expensed<div style="display:inline-block;width:3.47px"> </div>in future<div style="display:inline-block;width:3.63px"> </div>periods may vary;<div style="display:inline-block;width:4.25px"> </div>e.g., due<div style="display:inline-block;width:4px"> </div>to forfeiture<div style="display:inline-block;width:3.46px"> </div>of awards.<div style="display:inline-block;width:11.36px"> </div>2 Financial<div style="display:inline-block;width:3.49px"> </div>advisor compensation<div style="display:inline-block;width:4.07px"> </div>consists of cash<div style="display:inline-block;width:4.25px"> </div>and deferred compensation </div><div id="a131635" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:315.6px;">awards and is based on compensable revenues and firm tenure using a formulaic approach. It also includes expenses related to compensation commitments with financial advisors entered into at the time of recruitment </div><div id="a131638" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:325.5px;">that are subject to vesting requirements.<div style="display:inline-block;width:10.73px"> </div>3 Consists of replacement<div style="display:inline-block;width:3.79px"> </div>payments, forfeiture<div style="display:inline-block;width:3.48px"> </div>credits, severance<div style="display:inline-block;width:3.94px"> </div>payments, retention<div style="display:inline-block;width:3.73px"> </div>plan payments and interest<div style="display:inline-block;width:3.64px"> </div>expense related to the<div style="display:inline-block;width:3.48px"> </div>Deferred Contingent<div style="display:inline-block;width:3.46px"> </div>Capital Plan.<div style="display:inline-block;width:7.42px"> </div></div><div id="a131641" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:335.9px;">4 Includes USD </div><div id="a131641_15_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:52.861px;top:335.9px;">703</div><div id="a131641_18_75" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:65.629px;top:335.9px;">m in expenses related to<div style="display:inline-block;width:3.47px"> </div>share-based compensation<div style="display:inline-block;width:3.41px"> </div>(performance awards:<div style="display:inline-block;width:3.64px"> </div>USD </div><div id="a131641_93_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:317.308px;top:335.9px;">480</div><div id="a131641_96_36" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:330.077px;top:335.9px;">m; other variable compensation:<div style="display:inline-block;width:3.92px"> </div>USD </div><div id="a131641_132_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:449.248px;top:335.9px;">56</div><div id="a131641_134_39" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:457.76px;top:335.9px;">m; financial advisor compensation:<div style="display:inline-block;width:3.77px"> </div>USD </div><div id="a131641_173_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:584.498px;top:335.9px;">166</div><div id="a131641_176_18" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:597.52px;top:335.9px;">m). A further USD </div><div id="a131641_194_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:655.215px;top:335.9px;">88</div><div id="a131641_196_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:663.727px;top:335.9px;">m in </div><div id="a131645" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:345.9px;">expenses related<div style="display:inline-block;width:3.79px"> </div>to share-based<div style="display:inline-block;width:3.86px"> </div>compensation<div style="display:inline-block;width:3.61px"> </div>was recognized<div style="display:inline-block;width:3.94px"> </div>within<div style="display:inline-block;width:3.46px"> </div>other expense<div style="display:inline-block;width:3.47px"> </div>categories<div style="display:inline-block;width:3.46px"> </div>included in<div style="display:inline-block;width:3.63px"> </div>Note 6<div style="display:inline-block;width:3.48px"> </div>(salaries:<div style="display:inline-block;width:3.48px"> </div>USD </div><div id="a131645_126_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:419.896px;top:345.9px;">4</div><div id="a131645_127_58" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:424.625px;top:345.9px;">m, related to<div style="display:inline-block;width:3.78px"> </div>role-based<div style="display:inline-block;width:3.7px"> </div>allowances; social<div style="display:inline-block;width:4.09px"> </div>security:<div style="display:inline-block;width:3.47px"> </div>USD </div><div id="a131645_185_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:608.341px;top:345.9px;">61</div><div id="a131645_187_19" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:616.853px;top:345.9px;">m; other<div style="display:inline-block;width:3.62px"> </div>personnel </div><div id="a131651" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:355.8px;">expenses: USD </div><div id="a131651_14_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:51.442px;top:355.8px;">23</div><div id="a131651_16_145" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:59.954px;top:355.8px;">m related to the Equity<div style="display:inline-block;width:3.64px"> </div>Plus Plan). Total personnel<div style="display:inline-block;width:3.48px"> </div>expense related to<div style="display:inline-block;width:3.8px"> </div>share-based equity-settled compensation<div style="display:inline-block;width:3.84px"> </div>excluding social security<div style="display:inline-block;width:3.94px"> </div>was USD </div><div id="a131651_161_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:518.414px;top:355.8px;">716</div><div id="a131651_164_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:531.182px;top:355.8px;">m.</div></div></div></div> 2276000000 -16000000 2260000000 0 0 0 364000000 581000000 945000000 605000000 754000000 1359000000 202000000 235000000 437000000 310000000 250000000 560000000 129000000 219000000 349000000 245000000 408000000 654000000 11000000 32000000 43000000 30000000 42000000 71000000 21000000 95000000 116000000 20000000 54000000 74000000 2640000000 566000000 3205000000 605000000 754000000 1359000000 3799000000 709000000 4508000000 1290000000 2652000000 3942000000 3481000000 0 3481000000 0 0 0 104000000 62000000 166000000 122000000 180000000 302000000 185000000 215000000 400000000 588000000 636000000 1224000000 29000000 432000000 461000000 580000000 1836000000 2416000000 169000000 71000000 241000000 237000000 193000000 430000000 6608000000 1346000000 7954000000 2131000000 3599000000 5731000000 703000000 480000000 56000000 166000000 88000000 4000000 61000000 23000000 716000000 <div id="TextBlockContainer827" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:354px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a131697" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Variable compensation<div style="display:inline-block;width:4.63px"> </div>(continued) </div><div id="a131701" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:340.142px;top:15.8px;">Expenses recognized in 2021 </div><div id="a131704" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:15.8px;">Expenses deferred to 2022 and later</div><div id="a131706" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:650.995px;top:16.4px;">1</div><div id="a131708" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:64.5px;">USD m </div><div id="a131711" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:308.888px;top:29.5px;">Related to the </div><div id="a131712" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:341.555px;top:41.3px;">2021 </div><div id="a131713" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.035px;top:53.2px;">performance </div><div id="a131714" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.342px;top:64.5px;">year </div><div id="a131716" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:367.568px;top:41.3px;">Related to prior </div><div id="a131717" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:378.915px;top:53.2px;">performance </div><div id="a131718" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.435px;top:64.5px;">years </div><div id="a131720" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:466.462px;top:64.5px;">Total </div><div id="a131723" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:29.5px;">Related to the </div><div id="a131724" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.542px;top:41.3px;">2021 </div><div id="a131725" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.062px;top:53.2px;">performance </div><div id="a131726" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.328px;top:64.5px;">year </div><div id="a131728" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:41.3px;">Related to prior </div><div id="a131729" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.928px;top:53.2px;">performance </div><div id="a131730" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:599.448px;top:64.5px;">years </div><div id="a131732" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.955px;top:64.5px;">Total </div><div id="a131734" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:78.2px;">Non-deferred cash </div><div id="a131739_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.715px;top:78.2px;">2,383</div><div id="a131742_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:409.688px;top:78.2px;display:flex;">(10)</div><div id="a131745_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.688px;top:78.2px;">2,373</div><div id="a131749_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:78.2px;">0</div><div id="a131752_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.635px;top:78.2px;">0</div><div id="a131755_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.195px;top:78.2px;">0</div><div id="a131758" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:93.4px;">Deferred compensation awards </div><div id="a131761_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.808px;top:93.4px;">405</div><div id="a131764_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:409.688px;top:93.4px;">412</div><div id="a131767_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:469.782px;top:93.4px;">817</div><div id="a131771_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:93.4px;">797</div><div id="a131774_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:603.702px;top:93.4px;">624</div><div id="a131777_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:93.4px;">1,421</div><div id="a131780" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:109px;">of which: Equity Ownership Plan </div><div id="a131783_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:345.808px;top:109px;">183</div><div id="a131786_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:109px;">180</div><div id="a131789_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:109px;">363</div><div id="a131793_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:109px;">393</div><div id="a131796_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.702px;top:109px;">184</div><div id="a131799_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:109px;">577</div><div id="a131802" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:124.1px;">of which: Deferred Contingent Capital Plan </div><div id="a131805_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:345.808px;top:124.1px;">140</div><div id="a131808_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:124.1px;">158</div><div id="a131811_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:124.1px;">297</div><div id="a131815_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:124.1px;">299</div><div id="a131818_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.702px;top:124.1px;">329</div><div id="a131821_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:124.1px;">628</div><div id="a131824" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:139.7px;">of which: Long-Term Incentive<div style="display:inline-block;width:3.85px"> </div>Plan </div><div id="a131829_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:351.008px;top:139.7px;">54</div><div id="a131832_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:414.888px;top:139.7px;">19</div><div id="a131835_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:474.982px;top:139.7px;">73</div><div id="a131839_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:544.995px;top:139.7px;">50</div><div id="a131842_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.902px;top:139.7px;">33</div><div id="a131845_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.475px;top:139.7px;">83</div><div id="a131848" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:154.9px;">of which: Fund Ownership Plan </div><div id="a131851_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:351.008px;top:154.9px;">29</div><div id="a131854_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:414.888px;top:154.9px;">56</div><div id="a131857_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:474.982px;top:154.9px;">84</div><div id="a131861_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:544.995px;top:154.9px;">56</div><div id="a131864_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.902px;top:154.9px;">78</div><div id="a131867_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:154.9px;">133</div><div id="a131870" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:170px;">Variable compensation –<div style="display:inline-block;width:3.91px"> </div>performance awards </div><div id="a131876_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.715px;top:170px;">2,788</div><div id="a131879_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:409.688px;top:170px;">402</div><div id="a131882_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.688px;top:170px;">3,190</div><div id="a131886_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:170px;">797</div><div id="a131889_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:603.702px;top:170px;">624</div><div id="a131892_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:170px;">1,421</div><div id="a131895" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:186.1px;">Variable compensation –<div style="display:inline-block;width:3.91px"> </div>financial advisors</div><div id="a131900" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:159.355px;top:186.7px;">2</div><div id="a131903_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.715px;top:186.1px;">4,175</div><div id="a131906_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:409.688px;top:186.1px;">685</div><div id="a131909_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.688px;top:186.1px;">4,860</div><div id="a131913_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.702px;top:186.1px;">1,097</div><div id="a131916_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.582px;top:186.1px;">2,323</div><div id="a131919_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:186.1px;">3,419</div><div id="a131922" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:201.2px;">of which: non-deferred cash </div><div id="a131927_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:338.715px;top:201.2px;">3,858</div><div id="a131930_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:414.408px;top:201.2px;display:flex;">(6)</div><div id="a131933_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:462.688px;top:201.2px;">3,853</div><div id="a131937_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:549.755px;top:201.2px;">0</div><div id="a131940_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.635px;top:201.2px;">0</div><div id="a131943_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:674.195px;top:201.2px;">0</div><div id="a131946" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:216.8px;">of which: deferred share-based awards </div><div id="a131951_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:345.808px;top:216.8px;">106</div><div id="a131954_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:414.888px;top:216.8px;">51</div><div id="a131957_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:216.8px;">157</div><div id="a131961_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:216.8px;">123</div><div id="a131964_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.702px;top:216.8px;">146</div><div id="a131967_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:216.8px;">269</div><div id="a131970" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:232px;">of which: deferred cash-based awards </div><div id="a131975_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:345.808px;top:232px;">170</div><div id="a131978_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:232px;">202</div><div id="a131981_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:232px;">372</div><div id="a131985_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:232px;">311</div><div id="a131988_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.702px;top:232px;">495</div><div id="a131991_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:232px;">806</div><div id="a131994" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:247.6px;">of which: compensation commitments with recruited<div style="display:inline-block;width:3.78px"> </div>financial advisors </div><div id="a131997_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:351.008px;top:247.6px;">41</div><div id="a132000_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:247.6px;">438</div><div id="a132003_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:247.6px;">479</div><div id="a132007_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:247.6px;">662</div><div id="a132010_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.582px;top:247.6px;">1,682</div><div id="a132013_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:657.168px;top:247.6px;">2,344</div><div id="a132016" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:263.7px;">Variable compensation –<div style="display:inline-block;width:3.91px"> </div>other</div><div id="a132020" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:116.288px;top:264.3px;">3</div><div id="a132023_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.808px;top:263.7px;">191</div><div id="a132026_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:414.888px;top:263.7px;">38</div><div id="a132029_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:469.782px;top:263.7px;">229</div><div id="a132033_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:263.7px;">215</div><div id="a132036_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:603.702px;top:263.7px;">182</div><div id="a132039_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:263.7px;">397</div><div id="a132042" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:279.8px;">Total variable compensation </div><div id="a132045_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.715px;top:279.8px;">7,155</div><div id="a132048_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:402.595px;top:279.8px;">1,125</div><div id="a132051_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.848px;top:279.8px;">8,280</div><div id="a132053" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:481.595px;top:280.4px;">4 </div><div id="a132056_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.702px;top:279.8px;">2,109</div><div id="a132059_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.582px;top:279.8px;">3,129</div><div id="a132062_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:279.8px;">5,238</div><div id="a132065" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:295.3px;">1 Estimate as<div style="display:inline-block;width:3.49px"> </div>of 31 December<div style="display:inline-block;width:3.65px"> </div>2021. Actual amounts<div style="display:inline-block;width:4.31px"> </div>expensed may<div style="display:inline-block;width:3.47px"> </div>vary; e.g.,<div style="display:inline-block;width:4.11px"> </div>due to forfeiture<div style="display:inline-block;width:3.63px"> </div>of awards.<div style="display:inline-block;width:11.12px"> </div>2 Financial<div style="display:inline-block;width:3.49px"> </div>advisor compensation<div style="display:inline-block;width:3.59px"> </div>consists of<div style="display:inline-block;width:3.61px"> </div>cash and deferred<div style="display:inline-block;width:3.81px"> </div>compensation awards<div style="display:inline-block;width:3.93px"> </div>and is based<div style="display:inline-block;width:3.8px"> </div>on </div><div id="a132068" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:305.2px;">compensable revenues and<div style="display:inline-block;width:3.78px"> </div>firm tenure using<div style="display:inline-block;width:3.63px"> </div>a formulaic approach.<div style="display:inline-block;width:3.95px"> </div>It also includes expenses<div style="display:inline-block;width:4.42px"> </div>related to compensation<div style="display:inline-block;width:3.93px"> </div>commitments<div style="display:inline-block;width:3.06px"> </div>with financial advisors<div style="display:inline-block;width:4.09px"> </div>entered into at<div style="display:inline-block;width:3.54px"> </div>the time of recruitment<div style="display:inline-block;width:4.09px"> </div>that are subject<div style="display:inline-block;width:3.49px"> </div>to </div><div id="a132071" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:315.6px;">vesting requirements.<div style="display:inline-block;width:12.91px"> </div>3 Consists<div style="display:inline-block;width:4.26px"> </div>of replacement<div style="display:inline-block;width:4.41px"> </div>payments, forfeiture<div style="display:inline-block;width:4.42px"> </div>credits,<div style="display:inline-block;width:3.63px"> </div>severance<div style="display:inline-block;width:3.78px"> </div>payments, retention<div style="display:inline-block;width:4.89px"> </div>plan payments<div style="display:inline-block;width:4.37px"> </div>and interest<div style="display:inline-block;width:3.95px"> </div>expense related<div style="display:inline-block;width:4.42px"> </div>to the<div style="display:inline-block;width:3.94px"> </div>Deferred Contingent<div style="display:inline-block;width:4.73px"> </div>Capital Plan.<div style="display:inline-block;width:12.28px"> </div>4 Includes </div><div id="a132074" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:325.5px;">USD </div><div id="a132074_4_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.812px;top:325.5px;">651</div><div id="a132074_7_75" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:31.581px;top:325.5px;">m in expenses related<div style="display:inline-block;width:3.79px"> </div>to share-based<div style="display:inline-block;width:3.41px"> </div>compensation (performance<div style="display:inline-block;width:4.09px"> </div>awards: USD </div><div id="a132074_82_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:284.675px;top:325.5px;">435</div><div id="a132074_85_36" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:297.443px;top:325.5px;">m; other variable<div style="display:inline-block;width:3.46px"> </div>compensation:<div style="display:inline-block;width:3.45px"> </div>USD </div><div id="a132074_121_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:417.56px;top:325.5px;">59</div><div id="a132074_123_39" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:426.072px;top:325.5px;">m; financial advisor compensation:<div style="display:inline-block;width:4.72px"> </div>USD </div><div id="a132074_162_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:553.283px;top:325.5px;">157</div><div id="a132074_165_18" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:566.307px;top:325.5px;">m). A further USD </div><div id="a132074_183_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:624.947px;top:325.5px;">85</div><div id="a132074_185_14" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:633.459px;top:325.5px;">m in expenses </div><div id="a132080" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:335.9px;">related to<div style="display:inline-block;width:3.78px"> </div>share-based compensation<div style="display:inline-block;width:4.29px"> </div>was recognized<div style="display:inline-block;width:4.48px"> </div>within<div style="display:inline-block;width:3.46px"> </div>other expense<div style="display:inline-block;width:3.47px"> </div>categories<div style="display:inline-block;width:3.46px"> </div>included in<div style="display:inline-block;width:3.63px"> </div>Note 6<div style="display:inline-block;width:3.95px"> </div>(salaries:<div style="display:inline-block;width:3.48px"> </div>USD </div><div id="a132080_117_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:389.355px;top:335.9px;">5</div><div id="a132080_118_57" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:393.611px;top:335.9px;">m related<div style="display:inline-block;width:3.78px"> </div>to role-based<div style="display:inline-block;width:4.12px"> </div>allowances;<div style="display:inline-block;width:3.63px"> </div>social security:<div style="display:inline-block;width:3.94px"> </div>USD </div><div id="a132080_175_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:576.174px;top:335.9px;">64</div><div id="a132080_177_29" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:584.686px;top:335.9px;">m; other<div style="display:inline-block;width:3.62px"> </div>personnel expenses: </div><div id="a132088" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:345.9px;">USD </div><div id="a132088_4_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.812px;top:345.9px;">16</div><div id="a132088_6_145" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:27.324px;top:345.9px;">m related to the Equity Plus<div style="display:inline-block;width:3.64px"> </div>Plan). Total personnel<div style="display:inline-block;width:3.47px"> </div>expense related to share-based<div style="display:inline-block;width:3.96px"> </div>equity-settled compensation<div style="display:inline-block;width:3.65px"> </div>excluding social security<div style="display:inline-block;width:3.47px"> </div>was USD </div><div id="a132088_151_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:486.227px;top:345.9px;">641</div><div id="a132088_154_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:498.995px;top:345.9px;">m.</div></div> 2383000000 -10000000 2373000000 0 0 0 405000000 412000000 817000000 797000000 624000000 1421000000 183000000 180000000 363000000 393000000 184000000 577000000 140000000 158000000 297000000 299000000 329000000 628000000 54000000 19000000 73000000 50000000 33000000 83000000 29000000 56000000 84000000 56000000 78000000 133000000 2788000000 402000000 3190000000 797000000 624000000 1421000000 4175000000 685000000 4860000000 1097000000 2323000000 3419000000 3858000000 -6000000 3853000000 0 0 0 106000000 51000000 157000000 123000000 146000000 269000000 170000000 202000000 372000000 311000000 495000000 806000000 41000000 438000000 479000000 662000000 1682000000 2344000000 191000000 38000000 229000000 215000000 182000000 397000000 7155000000 1125000000 8280000000 2109000000 3129000000 5238000000 651000000 435000000 59000000 157000000 85000000 5000000 64000000 16000000 641000000 <div id="TextBlockContainer832" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:363px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_830_XBRL_TS_66998a67d4f64d0d9c4458cc91ce9fa8" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer831" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:363px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a132097" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Variable compensation<div style="display:inline-block;width:4.63px"> </div>(continued) </div><div id="a132105" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:340.142px;top:15.3px;">Expenses recognized in 2020 </div><div id="a132108" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:15.3px;">Expenses deferred to 2021 and later</div><div id="a132109" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:650.995px;top:15.9px;">1</div><div id="a132111" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:63.6px;">USD m </div><div id="a132114" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:308.888px;top:28.5px;">Related to the </div><div id="a132115" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:341.555px;top:40.4px;">2020 </div><div id="a132116" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.035px;top:52.2px;">performance </div><div id="a132117" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.342px;top:63.6px;">year </div><div id="a132119" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:367.568px;top:40.4px;">Related to prior </div><div id="a132120" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:378.915px;top:52.2px;">performance </div><div id="a132121" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.435px;top:63.6px;">years </div><div id="a132123" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:466.462px;top:63.6px;">Total </div><div id="a132126" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:28.5px;">Related to the </div><div id="a132127" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.542px;top:40.4px;">2020 </div><div id="a132128" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.062px;top:52.2px;">performance </div><div id="a132129" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.328px;top:63.6px;">year </div><div id="a132131" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:40.4px;">Related to prior </div><div id="a132132" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.928px;top:52.2px;">performance </div><div id="a132133" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:599.448px;top:63.6px;">years </div><div id="a132135" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.955px;top:63.6px;">Total </div><div id="a132137" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:77.7px;">Non-deferred cash </div><div id="a132142_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.715px;top:77.7px;">2,167</div><div id="a132145_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:409.688px;top:77.7px;display:flex;">(26)</div><div id="a132148_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.688px;top:77.7px;">2,141</div><div id="a132152_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:77.7px;">0</div><div id="a132155_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.635px;top:77.7px;">0</div><div id="a132158_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.195px;top:77.7px;">0</div><div id="a132161" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:93.8px;">Deferred compensation awards </div><div id="a132164_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.808px;top:93.8px;">341</div><div id="a132167_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:409.688px;top:93.8px;">727</div><div id="a132170_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.688px;top:93.8px;">1,068</div><div id="a132174_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:93.8px;">756</div><div id="a132177_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:603.702px;top:93.8px;">288</div><div id="a132180_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:93.8px;">1,044</div><div id="a132183" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:110.4px;">of which: Equity Ownership Plan </div><div id="a132187_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:345.808px;top:110.4px;">137</div><div id="a132190_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:110.4px;">327</div><div id="a132193_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:110.4px;">463</div><div id="a132197_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:110.4px;">306</div><div id="a132200_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.902px;top:110.4px;">69</div><div id="a132203_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:110.4px;">376</div><div id="a132206" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:127px;">of which: Deferred Contingent Capital Plan </div><div id="a132209_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:345.808px;top:127px;">112</div><div id="a132212_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:127px;">351</div><div id="a132215_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:127px;">463</div><div id="a132219_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:127px;">280</div><div id="a132222_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.702px;top:127px;">196</div><div id="a132225_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:127px;">476</div><div id="a132228" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:143px;">of which: Long-Term Incentive<div style="display:inline-block;width:3.85px"> </div>Plan </div><div id="a132233_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:351.008px;top:143px;">42</div><div id="a132236_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:414.888px;top:143px;">11</div><div id="a132239_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:474.982px;top:143px;">54</div><div id="a132243_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:544.995px;top:143px;">50</div><div id="a132246_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.902px;top:143px;">10</div><div id="a132249_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.475px;top:143px;">61</div><div id="a132252" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:159.6px;">of which: Fund Ownership Plan </div><div id="a132255_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:351.008px;top:159.6px;">49</div><div id="a132258_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:414.888px;top:159.6px;">39</div><div id="a132261_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:474.982px;top:159.6px;">88</div><div id="a132265_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:159.6px;">120</div><div id="a132268_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.902px;top:159.6px;">12</div><div id="a132271_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:159.6px;">132</div><div id="a132274" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:175.2px;">Variable compensation –<div style="display:inline-block;width:3.91px"> </div>performance awards </div><div id="a132280_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.715px;top:175.2px;">2,508</div><div id="a132283_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:409.688px;top:175.2px;">701</div><div id="a132286_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.688px;top:175.2px;">3,209</div><div id="a132290_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:175.2px;">756</div><div id="a132293_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:603.702px;top:175.2px;">288</div><div id="a132296_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:175.2px;">1,044</div><div id="a132299" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:191.3px;">Variable compensation –<div style="display:inline-block;width:3.91px"> </div>financial advisors</div><div id="a132303" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:159.355px;top:191.9px;">2</div><div id="a132306_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.715px;top:191.3px;">3,378</div><div id="a132309_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:409.688px;top:191.3px;">713</div><div id="a132312_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.688px;top:191.3px;">4,091</div><div id="a132316_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:191.3px;">822</div><div id="a132319_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.582px;top:191.3px;">2,284</div><div id="a132322_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:191.3px;">3,106</div><div id="a132325" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:207.9px;">of which: non-deferred cash </div><div id="a132330_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:338.715px;top:207.9px;">3,154</div><div id="a132333_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:419.622px;top:207.9px;">0</div><div id="a132336_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:462.688px;top:207.9px;">3,154</div><div id="a132340_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:549.755px;top:207.9px;">0</div><div id="a132343_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.635px;top:207.9px;">0</div><div id="a132346_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:674.195px;top:207.9px;">0</div><div id="a132349" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:223.9px;">of which: deferred share-based awards </div><div id="a132355_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:351.008px;top:223.9px;">69</div><div id="a132358_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:414.888px;top:223.9px;">50</div><div id="a132361_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:223.9px;">119</div><div id="a132365_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:544.995px;top:223.9px;">79</div><div id="a132368_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.702px;top:223.9px;">135</div><div id="a132371_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:223.9px;">214</div><div id="a132374" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:240.5px;">of which: deferred cash-based awards </div><div id="a132379_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:345.808px;top:240.5px;">133</div><div id="a132382_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:240.5px;">183</div><div id="a132385_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:240.5px;">316</div><div id="a132389_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:240.5px;">271</div><div id="a132392_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.702px;top:240.5px;">467</div><div id="a132395_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:240.5px;">738</div><div id="a132398" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:256.6px;">of which: compensation commitments with recruited<div style="display:inline-block;width:3.78px"> </div>financial advisors </div><div id="a132401_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:351.008px;top:256.6px;">22</div><div id="a132404_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:256.6px;">480</div><div id="a132407_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:256.6px;">502</div><div id="a132411_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:256.6px;">473</div><div id="a132414_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.582px;top:256.6px;">1,682</div><div id="a132417_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:657.168px;top:256.6px;">2,155</div><div id="a132420" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:272.7px;">Variable compensation –<div style="display:inline-block;width:3.91px"> </div>other</div><div id="a132425" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:116.288px;top:273.3px;">3</div><div id="a132428_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.808px;top:272.7px;">126</div><div id="a132431_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:414.888px;top:272.7px;">94</div><div id="a132434_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:469.782px;top:272.7px;">220</div><div id="a132438_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:272.7px;">181</div><div id="a132441_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:603.702px;top:272.7px;">192</div><div id="a132444_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:272.7px;">374</div><div id="a132447" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:288.8px;">Total variable compensation </div><div id="a132450_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.715px;top:288.8px;">6,012</div><div id="a132453_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:402.595px;top:288.8px;">1,508</div><div id="a132456_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.848px;top:288.8px;">7,520</div><div id="a132458" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:481.595px;top:289.4px;">4 </div><div id="a132461_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.702px;top:288.8px;">1,760</div><div id="a132464_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.582px;top:288.8px;">2,764</div><div id="a132467_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:288.8px;">4,524</div><div id="a132470" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:304.3px;">1 Estimate as<div style="display:inline-block;width:3.49px"> </div>of 31 December<div style="display:inline-block;width:3.65px"> </div>2020. Actual amounts<div style="display:inline-block;width:4.31px"> </div>expensed may<div style="display:inline-block;width:3.47px"> </div>vary; e.g.,<div style="display:inline-block;width:4.11px"> </div>due to forfeiture<div style="display:inline-block;width:3.63px"> </div>of awards.<div style="display:inline-block;width:11.12px"> </div>2 Financial<div style="display:inline-block;width:3.49px"> </div>advisor compensation<div style="display:inline-block;width:3.59px"> </div>consists of<div style="display:inline-block;width:3.61px"> </div>cash and deferred<div style="display:inline-block;width:3.81px"> </div>compensation awards<div style="display:inline-block;width:3.93px"> </div>and is based<div style="display:inline-block;width:3.8px"> </div>on </div><div id="a132473" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:314.2px;">compensable revenues and<div style="display:inline-block;width:3.78px"> </div>firm tenure using<div style="display:inline-block;width:3.63px"> </div>a formulaic approach.<div style="display:inline-block;width:3.95px"> </div>It also includes expenses<div style="display:inline-block;width:4.42px"> </div>related to compensation<div style="display:inline-block;width:3.93px"> </div>commitments<div style="display:inline-block;width:3.06px"> </div>with financial advisors<div style="display:inline-block;width:4.09px"> </div>entered into at<div style="display:inline-block;width:3.54px"> </div>the time of recruitment<div style="display:inline-block;width:4.09px"> </div>that are subject<div style="display:inline-block;width:3.49px"> </div>to </div><div id="a132476" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:324.6px;">vesting requirements.<div style="display:inline-block;width:12.91px"> </div>3 Consists<div style="display:inline-block;width:4.26px"> </div>of replacement<div style="display:inline-block;width:4.41px"> </div>payments, forfeiture<div style="display:inline-block;width:4.42px"> </div>credits,<div style="display:inline-block;width:3.63px"> </div>severance<div style="display:inline-block;width:3.78px"> </div>payments, retention<div style="display:inline-block;width:4.89px"> </div>plan payments<div style="display:inline-block;width:4.37px"> </div>and interest<div style="display:inline-block;width:3.95px"> </div>expense related<div style="display:inline-block;width:4.42px"> </div>to the<div style="display:inline-block;width:3.94px"> </div>Deferred Contingent<div style="display:inline-block;width:4.73px"> </div>Capital Plan.<div style="display:inline-block;width:12.28px"> </div>4 Includes </div><div id="a132479" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:334.5px;">USD </div><div id="a132479_4_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.812px;top:334.5px;">686</div><div id="a132479_7_75" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:31.581px;top:334.5px;">m in expenses related to<div style="display:inline-block;width:3.47px"> </div>share-based compensation<div style="display:inline-block;width:3.4px"> </div>(performance awards:<div style="display:inline-block;width:4.12px"> </div>USD </div><div id="a132479_82_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:283.255px;top:334.5px;">517</div><div id="a132479_85_36" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:296.024px;top:334.5px;">m; other variable compensation:<div style="display:inline-block;width:3.92px"> </div>USD </div><div id="a132479_121_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:415.195px;top:334.5px;">50</div><div id="a132479_123_39" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:423.707px;top:334.5px;">m; financial advisor compensation:<div style="display:inline-block;width:3.77px"> </div>USD </div><div id="a132479_162_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:550.445px;top:334.5px;">119</div><div id="a132479_165_18" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:563.481px;top:334.5px;">m). A further USD </div><div id="a132479_183_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:621.175px;top:334.5px;">100</div><div id="a132479_186_14" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:633.943px;top:334.5px;">m in expenses </div><div id="a132485" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:345px;">related to share-based<div style="display:inline-block;width:4.46px"> </div>compensation<div style="display:inline-block;width:3.61px"> </div>was recognized<div style="display:inline-block;width:4.48px"> </div>within other<div style="display:inline-block;width:3.62px"> </div>expense categories<div style="display:inline-block;width:4.26px"> </div>included in<div style="display:inline-block;width:4.1px"> </div>Note 6<div style="display:inline-block;width:3.48px"> </div>(salaries:<div style="display:inline-block;width:3.48px"> </div>USD </div><div id="a132485_117_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:389.663px;top:345px;">4</div><div id="a132485_118_57" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:393.919px;top:345px;">m related to<div style="display:inline-block;width:4.41px"> </div>role-based allowances;<div style="display:inline-block;width:4.77px"> </div>social security:<div style="display:inline-block;width:3.94px"> </div>USD </div><div id="a132485_175_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:576.181px;top:345px;">54</div><div id="a132485_177_29" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:584.693px;top:345px;">m; other<div style="display:inline-block;width:3.62px"> </div>personnel expenses: </div><div id="a132491" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:354.9px;">USD </div><div id="a132491_4_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.812px;top:354.9px;">42</div><div id="a132491_6_145" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:27.324px;top:354.9px;">m related to the Equity Plus<div style="display:inline-block;width:3.64px"> </div>Plan). Total personnel<div style="display:inline-block;width:3.47px"> </div>expense related to share-based<div style="display:inline-block;width:3.96px"> </div>equity-settled compensation<div style="display:inline-block;width:3.65px"> </div>excluding social security<div style="display:inline-block;width:3.47px"> </div>was USD </div><div id="a132491_151_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:486.227px;top:354.9px;">691</div><div id="a132491_154_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:498.995px;top:354.9px;">m.</div></div></div></div> 2167000000 -26000000 2141000000 0 0 0 341000000 727000000 1068000000 756000000 288000000 1044000000 137000000 327000000 463000000 306000000 69000000 376000000 112000000 351000000 463000000 280000000 196000000 476000000 42000000 11000000 54000000 50000000 10000000 61000000 49000000 39000000 88000000 120000000 12000000 132000000 2508000000 701000000 3209000000 756000000 288000000 1044000000 3378000000 713000000 4091000000 822000000 2284000000 3106000000 3154000000 0 3154000000 0 0 0 69000000 50000000 119000000 79000000 135000000 214000000 133000000 183000000 316000000 271000000 467000000 738000000 22000000 480000000 502000000 473000000 1682000000 2155000000 126000000 94000000 220000000 181000000 192000000 374000000 6012000000 1508000000 7520000000 1760000000 2764000000 4524000000 686000000 517000000 50000000 119000000 100000000 4000000 54000000 42000000 691000000 <div id="TextBlockContainer837" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:146px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a132558" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Movements in outstanding<div style="display:inline-block;width:4.18px"> </div>share-based compensation awards </div><div id="a132565" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:368.982px;top:28.6px;">Number of shares </div><div id="a132566" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:413.942px;top:40.4px;">2022 </div><div id="a132568" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.008px;top:17.2px;">Weighted average </div><div id="a132570" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:449.435px;top:28.6px;">grant date fair value </div><div id="a132572" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:502.435px;top:40.4px;">(USD) </div><div id="a132574" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:534.595px;top:28.6px;">Number of shares </div><div id="a132575" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:579.075px;top:40.4px;">2021 </div><div id="a132577" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:612.222px;top:17.2px;">Weighted average </div><div id="a132579" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:604.648px;top:28.6px;">grant date fair value </div><div id="a132581" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.648px;top:40.4px;">(USD) </div><div id="a132583" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:54.6px;">Outstanding, at the beginning of the<div style="display:inline-block;width:3.8px"> </div>year </div><div id="a132585_1_11" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:385.062px;top:54.6px;">180,578,561</div><div id="a132588_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:54.6px;">13</div><div id="a132591_1_11" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.235px;top:54.6px;">174,900,395</div><div id="a132594_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:54.6px;">12</div><div id="a132597" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:70.7px;">Awarded during the year </div><div id="a132599_1_10" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:389.822px;top:70.7px;">62,203,770</div><div id="a132602_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:70.7px;">18</div><div id="a132605_1_10" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:555.435px;top:70.7px;">68,721,549</div><div id="a132608_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:70.7px;">15</div><div id="a132611" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:87.2px;">Distributed during the year </div><div id="a132613_1_12" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:385.062px;top:87.2px;display:flex;">(54,639,882)</div><div id="a132616_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:87.2px;">12</div><div id="a132619_1_12" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.235px;top:87.2px;display:flex;">(52,137,287)</div><div id="a132622_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:87.2px;">13</div><div id="a132625" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:103.3px;">Forfeited during the<div style="display:inline-block;width:3.78px"> </div>year </div><div id="a132627_1_11" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:390.302px;top:103.3px;display:flex;">(6,235,249)</div><div id="a132630_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:103.3px;">15</div><div id="a132633_1_12" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.235px;top:103.3px;display:flex;">(10,906,096)</div><div id="a132636_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:103.3px;">13</div><div id="a132639" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:118.9px;">Outstanding, at the end of the year </div><div id="a132641_1_11" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:385.062px;top:118.9px;">181,907,200</div><div id="a132644_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:118.9px;">15</div><div id="a132647_1_11" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.235px;top:118.9px;">180,578,561</div><div id="a132650_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:118.9px;">13</div><div id="a132653" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:135.5px;">of which: shares vested for accounting purposes </div><div id="a132655_1_11" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:385.062px;top:135.5px;">102,364,973</div><div id="a132659_1_11" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.235px;top:135.5px;">107,828,979</div></div> 180578561 13 174900395 12 62203770 18 68721549 15 54639882 12 52137287 13 6235249 15 10906096 13 181907200 15 180578561 13 102364973 107828979 43000000 37000000 <div id="TextBlockContainer842" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:270px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a132736" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 28<div style="display:inline-block;width:8.21px"> </div>Interests in subsidiaries and other entities </div><div id="a132740" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:10.3px;"> </div><div id="a132741" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:4.905px;top:30.3px;">a) Interests in subsidiaries </div><div id="a132744" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:57.5px;">UBS defines its significant subsidiaries as those entities that, either individually or in aggregate, contribute significantly to </div><div id="a132746" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:73.2px;">the Group’s<div style="display:inline-block;width:5.62px"> </div>financial position<div style="display:inline-block;width:5.54px"> </div>or results of<div style="display:inline-block;width:6.11px"> </div>operations, based<div style="display:inline-block;width:6.03px"> </div>on a<div style="display:inline-block;width:5.24px"> </div>number of<div style="display:inline-block;width:5.18px"> </div>criteria, including<div style="display:inline-block;width:5.98px"> </div>the subsidiaries’<div style="display:inline-block;width:5.27px"> </div>equity </div><div id="a132748" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:88.3px;">and<div style="display:inline-block;width:5.13px"> </div>contribution<div style="display:inline-block;width:5.07px"> </div>to the<div style="display:inline-block;width:5.88px"> </div>Group’s<div style="display:inline-block;width:5.47px"> </div>total assets<div style="display:inline-block;width:5.56px"> </div>and<div style="display:inline-block;width:5.32px"> </div>profit or<div style="display:inline-block;width:5.91px"> </div>loss before<div style="display:inline-block;width:6.34px"> </div>tax, in<div style="display:inline-block;width:5.63px"> </div>accordance<div style="display:inline-block;width:5.29px"> </div>with the<div style="display:inline-block;width:5.88px"> </div>requirements<div style="display:inline-block;width:5.62px"> </div>set by </div><div id="a132751" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:103.9px;">IFRS 12, Swiss regulations<div style="display:inline-block;width:5.21px"> </div>and the rules of the US Securities and<div style="display:inline-block;width:5.33px"> </div>Exchange Commission (the<div style="display:inline-block;width:5.16px"> </div>SEC). </div><div id="a132757" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:126.6px;">Individually significant subsidiaries </div><div id="a132759" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:141.8px;">The<div style="display:inline-block;width:5.4px"> </div>two<div style="display:inline-block;width:5.36px"> </div>tables<div style="display:inline-block;width:5.2px"> </div>below<div style="display:inline-block;width:5.61px"> </div>list<div style="display:inline-block;width:5.36px"> </div>the<div style="display:inline-block;width:5.72px"> </div>Group’s<div style="display:inline-block;width:5.94px"> </div>individually<div style="display:inline-block;width:5.56px"> </div>significant<div style="display:inline-block;width:5.51px"> </div>subsidiaries<div style="display:inline-block;width:5.96px"> </div>as<div style="display:inline-block;width:5.25px"> </div>of<div style="display:inline-block;width:5.25px"> </div>31 December<div style="display:inline-block;width:5.87px"> </div>2022.<div style="display:inline-block;width:6.16px"> </div>Unless<div style="display:inline-block;width:5.55px"> </div>otherwise </div><div id="a132764" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:156.9px;">stated, the subsidiaries listed below have share<div style="display:inline-block;width:5.08px"> </div>capital consisting solely of ordinary shares held entirely by the Group<div style="display:inline-block;width:5.59px"> </div>and </div><div id="a132769" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:172.5px;">the proportion of ownership<div style="display:inline-block;width:5.79px"> </div>interest held is equal to the voting<div style="display:inline-block;width:5.12px"> </div>rights held by the Group.<div style="display:inline-block;width:5.13px"> </div></div><div id="a132771" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:195.2px;">The<div style="display:inline-block;width:5.4px"> </div>country<div style="display:inline-block;width:5.1px"> </div>where<div style="display:inline-block;width:5.59px"> </div>the<div style="display:inline-block;width:5.25px"> </div>respective registered<div style="display:inline-block;width:6.29px"> </div>office<div style="display:inline-block;width:5.03px"> </div>is<div style="display:inline-block;width:5.15px"> </div>located<div style="display:inline-block;width:5.62px"> </div>is<div style="display:inline-block;width:5.15px"> </div>also<div style="display:inline-block;width:5.35px"> </div>the principal<div style="display:inline-block;width:6.24px"> </div>place<div style="display:inline-block;width:5.1px"> </div>of<div style="display:inline-block;width:5.25px"> </div>business.<div style="display:inline-block;width:5.48px"> </div>UBS<div style="display:inline-block;width:5.08px"> </div>AG<div style="display:inline-block;width:5.64px"> </div>operates </div><div id="a132773" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:210.4px;">through<div style="display:inline-block;width:5.2px"> </div>a global branch<div style="display:inline-block;width:5.59px"> </div>network and<div style="display:inline-block;width:5.44px"> </div>a significant<div style="display:inline-block;width:5.14px"> </div>proportion<div style="display:inline-block;width:5.14px"> </div>of its business<div style="display:inline-block;width:5.9px"> </div>activity<div style="display:inline-block;width:5.03px"> </div>is conducted<div style="display:inline-block;width:5.23px"> </div>outside Switzerland, </div><div id="a132774" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:226px;">including in the UK, the US, Singapore, the Hong Kong<div style="display:inline-block;width:2.16px"> </div>SAR and other countries. UBS<div style="display:inline-block;width:2.31px"> </div>Europe SE has branches and offices </div><div id="a132780" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:241.1px;">in<div style="display:inline-block;width:5.3px"> </div>a<div style="display:inline-block;width:5.2px"> </div>number<div style="display:inline-block;width:5.53px"> </div>of<div style="display:inline-block;width:5.25px"> </div>EU<div style="display:inline-block;width:5.36px"> </div>Member<div style="display:inline-block;width:5.15px"> </div>States,<div style="display:inline-block;width:5.05px"> </div>including<div style="display:inline-block;width:5.7px"> </div>Germany,<div style="display:inline-block;width:5.17px"> </div>Italy, Luxembourg<div style="display:inline-block;width:7.31px"> </div>and<div style="display:inline-block;width:5.61px"> </div>Spain.<div style="display:inline-block;width:5.39px"> </div>Share<div style="display:inline-block;width:5.49px"> </div>capital is<div style="display:inline-block;width:6.31px"> </div>provided<div style="display:inline-block;width:5.79px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the </div><div id="a132783" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:256.3px;">currency of the legally registered<div style="display:inline-block;width:5.03px"> </div>office.</div></div><div id="TextBlockContainer845" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:687px;height:274px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a132826" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Individually significant subsidiaries<div style="display:inline-block;width:4.17px"> </div>of UBS Group AG as of 31 December<div style="display:inline-block;width:4.33px"> </div>2022 </div><div id="a132832" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:15.8px;">Company </div><div id="a132834" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:155.582px;top:15.8px;">Registered office </div><div id="a132837" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:466.462px;top:15.8px;">Share capital in million </div><div id="a132839" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.168px;top:15.8px;">Equity interest accumulated in % </div><div id="a132841" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:31.4px;">UBS AG</div><div id="a132843" style="position:absolute;font-family:'Frutiger 47 CN';left:155.582px;top:31.4px;">Zurich and Basel, Switzerland</div><div id="a132846" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:470.248px;top:31.4px;">CHF </div><div id="a132848_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:527.502px;top:31.4px;">385.8</div><div id="a132851_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:31.4px;">100.0</div><div id="a132854" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:47.5px;">UBS Business Solutions AG</div><div id="a132855" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:101.155px;top:48.1px;">1</div><div id="a132857" style="position:absolute;font-family:'Frutiger 47 CN';left:155.582px;top:47.5px;">Zurich, Switzerland</div><div id="a132860" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:470.248px;top:47.5px;">CHF </div><div id="a132862_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:537.435px;top:47.5px;">1.0</div><div id="a132865_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:47.5px;">100.0</div><div id="a132868" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:63px;">1 UBS Business Solutions AG<div style="display:inline-block;width:3.78px"> </div>holds subsidiaries in China, India,<div style="display:inline-block;width:3.79px"> </div>Israel and Poland. </div><div id="a132876" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:94.6px;">Individually significant subsidiaries<div style="display:inline-block;width:4.1px"> </div>of UBS AG as of 31 December 2022</div><div id="a132877" style="position:absolute;font-family:'Frutiger';font-size:6.148px;font-weight:bold;font-style:normal;left:334.902px;top:95.3px;">1</div><div id="a132882" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:110.4px;">Company </div><div id="a132884" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:155.582px;top:110.4px;">Registered office </div><div id="a132886" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:310.782px;top:110.4px;">Primary business </div><div id="a132888" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:466.462px;top:110.4px;">Share capital in million </div><div id="a132890" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.168px;top:110.4px;">Equity interest accumulated in % </div><div id="a132892" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:126px;">UBS Americas Holding LLC</div><div id="a132894" style="position:absolute;font-family:'Frutiger 47 CN';left:155.582px;top:126px;">Wilmington, Delaware, USA</div><div id="a132896" style="position:absolute;font-family:'Frutiger 47 CN';left:310.782px;top:126px;">Group Functions</div><div id="a132898" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:469.782px;top:126px;">USD </div><div id="a132900_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.568px;top:126px;">5,150.0</div><div id="a132902" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:545.942px;top:126.7px;">2</div><div id="a132904_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:126px;">100.0</div><div id="a132907" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:142.1px;">UBS Americas Inc.</div><div id="a132909" style="position:absolute;font-family:'Frutiger 47 CN';left:155.582px;top:142.1px;">Wilmington, Delaware, USA</div><div id="a132911" style="position:absolute;font-family:'Frutiger 47 CN';left:310.782px;top:142.1px;">Group Functions</div><div id="a132913" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:469.782px;top:142.1px;">USD </div><div id="a132915_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:537.435px;top:142.1px;">0.0</div><div id="a132918_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:142.1px;">100.0</div><div id="a132921" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:158.7px;">UBS Asset Management AG</div><div id="a132923" style="position:absolute;font-family:'Frutiger 47 CN';left:155.582px;top:158.7px;">Zurich, Switzerland</div><div id="a132925" style="position:absolute;font-family:'Frutiger 47 CN';left:310.782px;top:158.7px;">Asset Management</div><div id="a132928" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:470.248px;top:158.7px;">CHF </div><div id="a132930_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.235px;top:158.7px;">43.2</div><div id="a132933_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:158.7px;">100.0</div><div id="a132936" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:175.2px;">UBS Bank USA</div><div id="a132938" style="position:absolute;font-family:'Frutiger 47 CN';left:155.582px;top:175.2px;">Salt Lake City, Utah, USA</div><div id="a132940" style="position:absolute;font-family:'Frutiger 47 CN';left:310.782px;top:175.2px;">Global Wealth Management</div><div id="a132942" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:469.782px;top:175.2px;">USD </div><div id="a132944_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:537.435px;top:175.2px;">0.0</div><div id="a132947_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:175.2px;">100.0</div><div id="a132950" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:191.3px;">UBS Europe SE</div><div id="a132952" style="position:absolute;font-family:'Frutiger 47 CN';left:155.582px;top:191.3px;">Frankfurt, Germany</div><div id="a132954" style="position:absolute;font-family:'Frutiger 47 CN';left:310.782px;top:191.3px;">Global Wealth Management</div><div id="a132956" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:470.248px;top:191.3px;">EUR </div><div id="a132958_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:527.502px;top:191.3px;">446.0</div><div id="a132961_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:191.3px;">100.0</div><div id="a132964" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:207.9px;">UBS Financial Services Inc.</div><div id="a132966" style="position:absolute;font-family:'Frutiger 47 CN';left:155.582px;top:207.9px;">Wilmington, Delaware, USA</div><div id="a132968" style="position:absolute;font-family:'Frutiger 47 CN';left:310.782px;top:207.9px;">Global Wealth Management</div><div id="a132971" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:469.782px;top:207.9px;">USD </div><div id="a132973_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:537.435px;top:207.9px;">0.0</div><div id="a132976_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:207.9px;">100.0</div><div id="a132979" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:223.9px;">UBS Securities LLC</div><div id="a132981" style="position:absolute;font-family:'Frutiger 47 CN';left:155.582px;top:223.9px;">Wilmington, Delaware, USA</div><div id="a132983" style="position:absolute;font-family:'Frutiger 47 CN';left:310.782px;top:223.9px;">Investment Bank</div><div id="a132985" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:469.782px;top:223.9px;">USD </div><div id="a132987_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.568px;top:223.9px;">1,283.1</div><div id="a132989" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:545.942px;top:224.6px;">3</div><div id="a132991_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:223.9px;">100.0</div><div id="a132994" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:240.5px;">UBS Switzerland AG</div><div id="a132996" style="position:absolute;font-family:'Frutiger 47 CN';left:155.582px;top:240.5px;">Zurich, Switzerland</div><div id="a132998" style="position:absolute;font-family:'Frutiger 47 CN';left:310.782px;top:240.5px;">Personal &amp; Corporate Banking</div><div id="a133000" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:470.248px;top:240.5px;">CHF </div><div id="a133002_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.235px;top:240.5px;">10.0</div><div id="a133005_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:240.5px;">100.0</div><div id="a133008" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:255.5px;">1 Includes direct<div style="display:inline-block;width:3.8px"> </div>and indirect<div style="display:inline-block;width:4.17px"> </div>subsidiaries of<div style="display:inline-block;width:3.78px"> </div>UBS AG.<div style="display:inline-block;width:11.19px"> </div>2 Consists of<div style="display:inline-block;width:3.69px"> </div>common<div style="display:inline-block;width:3.6px"> </div>share capital<div style="display:inline-block;width:3.8px"> </div>of USD </div><div id="a133008_100_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:325.378px;top:255.5px;">1,000</div><div id="a133008_105_47" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:344.294px;top:255.5px;"><div style="display:inline-block;width:2.36px"> </div>and non-voting<div style="display:inline-block;width:3.87px"> </div>preferred share<div style="display:inline-block;width:3.8px"> </div>capital of<div style="display:inline-block;width:3.95px"> </div>USD </div><div id="a133008_152_13" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:497.144px;top:255.5px;">5,150,000,000</div><div id="a133008_165_43" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:545.38px;top:255.5px;">.<div style="display:inline-block;width:9.3px"> </div>3 Consists<div style="display:inline-block;width:3.91px"> </div>of common<div style="display:inline-block;width:3.44px"> </div>share capital<div style="display:inline-block;width:3.8px"> </div>of </div><div id="a133016" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:265.9px;">USD </div><div id="a133016_4_7" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.812px;top:265.9px;">100,000</div><div id="a133016_11_47" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:46.241px;top:265.9px;"><div style="display:inline-block;width:1.89px"> </div>and non-voting preferred<div style="display:inline-block;width:3.53px"> </div>share capital of USD </div><div id="a133016_58_13" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:194.795px;top:265.9px;">1,283,000,000</div><div id="a133016_71_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:243.031px;top:265.9px;">.</div></div><div id="TextBlockContainer848" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:59px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a133023" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Other subsidiaries </div><div id="a133026" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">The table below<div style="display:inline-block;width:5.96px"> </div>lists other direct<div style="display:inline-block;width:5.07px"> </div>and indirect<div style="display:inline-block;width:5.16px"> </div>subsidiaries of<div style="display:inline-block;width:5.17px"> </div>UBS AG<div style="display:inline-block;width:5.24px"> </div>that are not<div style="display:inline-block;width:5.64px"> </div>individually significant but<div style="display:inline-block;width:5.38px"> </div>contribute </div><div id="a133027" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.3px;">to<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:6.2px"> </div>Group’s<div style="display:inline-block;width:6.42px"> </div>total<div style="display:inline-block;width:5.94px"> </div>assets<div style="display:inline-block;width:6.14px"> </div>and<div style="display:inline-block;width:6.08px"> </div>aggregated<div style="display:inline-block;width:6.89px"> </div>profit<div style="display:inline-block;width:6.23px"> </div>before<div style="display:inline-block;width:6.49px"> </div>tax<div style="display:inline-block;width:5.79px"> </div>thresholds<div style="display:inline-block;width:6.88px"> </div>and<div style="display:inline-block;width:6.08px"> </div>are<div style="display:inline-block;width:5.76px"> </div>thus<div style="display:inline-block;width:6.45px"> </div>disclosed<div style="display:inline-block;width:6.44px"> </div>in<div style="display:inline-block;width:5.77px"> </div>accordance<div style="display:inline-block;width:6.23px"> </div>with </div><div id="a133029" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.4px;">requirements set by the SEC.</div></div><div id="TextBlockContainer852" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:311px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_850_XBRL_TS_225eadd2dbb24916ab21dd08fc32168d" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer851" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:311px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a133033" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Other subsidiaries of UBS AG as of 31 December<div style="display:inline-block;width:4.3px"> </div>2022 </div><div id="a133039" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:28.6px;">Company </div><div id="a133041" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:213.782px;top:28.6px;">Registered office </div><div id="a133043" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:353.848px;top:28.6px;">Primary business </div><div id="a133045" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.022px;top:28.6px;">Share capital in million </div><div id="a133047" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:627.355px;top:16.7px;">Equity interest<div style="display:inline-block;width:2.65px"> </div></div><div id="a133049" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.155px;top:28.6px;">accumulated in % </div><div id="a133051" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:42.7px;">UBS Asset Management (Americas) Inc.</div><div id="a133053" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:42.7px;">Wilmington, Delaware, USA</div><div id="a133056" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:42.7px;">Asset Management</div><div id="a133058" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:42.7px;">USD </div><div id="a133060_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:42.7px;">0.0</div><div id="a133063_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:42.7px;">100.0</div><div id="a133066" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:58.8px;">UBS Asset Management (Hong Kong) Limited</div><div id="a133068" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:58.8px;">Hong Kong SAR, China</div><div id="a133068_20_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:297.959px;top:58.8px;"><div style="display:inline-block;width:2.42px"> </div></div><div id="a133070" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:58.8px;">Asset Management</div><div id="a133072" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.435px;top:58.8px;">HKD </div><div id="a133074_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:58.8px;">153.8</div><div id="a133077_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:58.8px;">100.0</div><div id="a133080" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:75.4px;">UBS Asset Management Life Ltd</div><div id="a133082" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:75.4px;">London, United Kingdom</div><div id="a133084" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:75.4px;">Asset Management</div><div id="a133086" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:75.4px;">GBP </div><div id="a133088_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.315px;top:75.4px;">15.0</div><div id="a133091_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:75.4px;">100.0</div><div id="a133094" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:91.5px;">UBS Asset Management Switzerland AG</div><div id="a133097" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:91.5px;">Zurich, Switzerland</div><div id="a133099" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:91.5px;">Asset Management</div><div id="a133101" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:503.382px;top:91.5px;">CHF </div><div id="a133103_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:91.5px;">0.5</div><div id="a133106_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:91.5px;">100.0</div><div id="a133109" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:108px;">UBS Business Solutions US LLC</div><div id="a133111" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:108px;">Wilmington, Delaware, USA</div><div id="a133113" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:108px;">Group Functions</div><div id="a133115" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:108px;">USD </div><div id="a133117_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:108px;">0.0</div><div id="a133120_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:108px;">100.0</div><div id="a133123" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:124.1px;">UBS Credit Corp.</div><div id="a133125" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:124.1px;">Wilmington, Delaware, USA</div><div id="a133127" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:124.1px;">Global Wealth Management</div><div id="a133129" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:124.1px;">USD </div><div id="a133131_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:124.1px;">0.0</div><div id="a133134_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:124.1px;">100.0</div><div id="a133137" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:140.7px;">UBS (France) S.A.</div><div id="a133139" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:140.7px;">Paris, France</div><div id="a133141" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:140.7px;">Global Wealth Management</div><div id="a133143" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:503.382px;top:140.7px;">EUR </div><div id="a133145_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:140.7px;">197.0</div><div id="a133148_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:140.7px;">100.0</div><div id="a133151" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:156.7px;">UBS Fund Management (Luxembourg) S.A.</div><div id="a133153" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:156.7px;">Luxembourg, Luxembourg</div><div id="a133155" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:156.7px;">Asset Management</div><div id="a133157" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:503.382px;top:156.7px;">EUR </div><div id="a133159_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.315px;top:156.7px;">13.0</div><div id="a133162_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:156.7px;">100.0</div><div id="a133165" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:173.3px;">UBS Fund Management (Switzerland) AG</div><div id="a133167" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:173.3px;">Basel, Switzerland</div><div id="a133169" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:173.3px;">Asset Management</div><div id="a133172" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:503.382px;top:173.3px;">CHF </div><div id="a133174_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:173.3px;">1.0</div><div id="a133177_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:173.3px;">100.0</div><div id="a133180" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:189.4px;">UBS (Monaco) S.A.</div><div id="a133182" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:189.4px;">Monte Carlo, Monaco</div><div id="a133184" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:189.4px;">Global Wealth Management</div><div id="a133186" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:503.382px;top:189.4px;">EUR </div><div id="a133188_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.315px;top:189.4px;">49.2</div><div id="a133191_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:189.4px;">100.0</div><div id="a133194" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:206px;">UBS O‘Connor LLC</div><div id="a133196" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:206px;">Wilmington, Delaware, USA</div><div id="a133198" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:206px;">Asset Management</div><div id="a133200" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:206px;">USD </div><div id="a133202_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:206px;">1.0</div><div id="a133205_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:206px;">100.0</div><div id="a133208" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:222px;">UBS Realty Investors LLC</div><div id="a133210" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:222px;">Boston, Massachusetts, USA</div><div id="a133212" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:222px;">Asset Management</div><div id="a133215" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:222px;">USD </div><div id="a133217_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:222px;">9.0</div><div id="a133220_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:222px;">100.0</div><div id="a133223" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:238.6px;">UBS Securities Australia Ltd</div><div id="a133225" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:238.6px;">Sydney, Australia</div><div id="a133227" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:238.6px;">Investment Bank</div><div id="a133229" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.488px;top:238.6px;">AUD </div><div id="a133231_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.208px;top:238.6px;">0.3</div><div id="a133233" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:580.022px;top:239.2px;">1</div><div id="a133235_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:238.6px;">100.0</div><div id="a133238" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:255.2px;">UBS Securities Hong Kong Limited</div><div id="a133240" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:255.2px;">Hong Kong SAR, China</div><div id="a133240_20_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:297.959px;top:255.2px;"><div style="display:inline-block;width:2.42px"> </div></div><div id="a133242" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:255.2px;">Investment Bank</div><div id="a133244" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.435px;top:255.2px;">HKD </div><div id="a133246_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:554.488px;top:255.2px;">3,354.2</div><div id="a133249_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:255.2px;">100.0</div><div id="a133252" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:271.3px;">UBS Securities Japan Co., Ltd.</div><div id="a133254" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:271.3px;">Tokyo, Japan</div><div id="a133256" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:271.3px;">Investment Bank</div><div id="a133258" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.755px;top:271.3px;">JPY </div><div id="a133260_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:271.3px;">34,708.7</div><div id="a133263_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:271.3px;">100.0</div><div id="a133266" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:287.8px;">UBS SuMi TRUST Wealth Management Co., Ltd.</div><div id="a133268" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:287.8px;">Tokyo, Japan</div><div id="a133270" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:287.8px;">Global Wealth Management</div><div id="a133272" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.755px;top:287.8px;">JPY </div><div id="a133274_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:554.488px;top:287.8px;">5,165.0</div><div id="a133277_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:287.8px;">51.0</div><div id="a133280" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:302.8px;">1 Includes a nominal amount relating<div style="display:inline-block;width:3.64px"> </div>to redeemable preference<div style="display:inline-block;width:3.79px"> </div>shares.</div></div></div></div><div id="TextBlockContainer854" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:128px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a133283" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Consolidated structured entities </div><div id="a133287" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">Consolidated<div style="display:inline-block;width:7px"> </div>structured<div style="display:inline-block;width:6.23px"> </div>entities<div style="display:inline-block;width:5.88px"> </div>(SEs)<div style="display:inline-block;width:6.41px"> </div>include<div style="display:inline-block;width:6.34px"> </div>certain<div style="display:inline-block;width:5.74px"> </div>investment<div style="display:inline-block;width:6.31px"> </div>funds,<div style="display:inline-block;width:6.75px"> </div>securitization<div style="display:inline-block;width:6.57px"> </div>vehicles<div style="display:inline-block;width:5.79px"> </div>and<div style="display:inline-block;width:6.55px"> </div>client<div style="display:inline-block;width:5.79px"> </div>investment </div><div id="a133288" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.7px;">vehicles. UBS has no individually significant<div style="display:inline-block;width:5.25px"> </div>subsidiaries that are SEs. </div><div id="a133293" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.4px;">In<div style="display:inline-block;width:5.3px"> </div>2022<div style="display:inline-block;width:6.04px"> </div>and<div style="display:inline-block;width:5.17px"> </div>2021,<div style="display:inline-block;width:5.64px"> </div>the<div style="display:inline-block;width:5.25px"> </div>Group<div style="display:inline-block;width:5.32px"> </div>did<div style="display:inline-block;width:5.5px"> </div>not enter<div style="display:inline-block;width:6.4px"> </div>into<div style="display:inline-block;width:5.35px"> </div>any<div style="display:inline-block;width:5.2px"> </div>contractual<div style="display:inline-block;width:5.79px"> </div>obligation<div style="display:inline-block;width:5.94px"> </div>that<div style="display:inline-block;width:5.1px"> </div>could<div style="display:inline-block;width:5.98px"> </div>require<div style="display:inline-block;width:5.67px"> </div>the<div style="display:inline-block;width:5.25px"> </div>Group<div style="display:inline-block;width:5.32px"> </div>to<div style="display:inline-block;width:5.25px"> </div>provide </div><div id="a133303" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:68.6px;">financial<div style="display:inline-block;width:5.88px"> </div>support<div style="display:inline-block;width:6.7px"> </div>to<div style="display:inline-block;width:6.2px"> </div>consolidated<div style="display:inline-block;width:6.64px"> </div>SEs.<div style="display:inline-block;width:6.3px"> </div>In<div style="display:inline-block;width:6.25px"> </div>addition,<div style="display:inline-block;width:6.7px"> </div>the<div style="display:inline-block;width:6.2px"> </div>Group<div style="display:inline-block;width:6.74px"> </div>did<div style="display:inline-block;width:6.45px"> </div>not<div style="display:inline-block;width:6.4px"> </div>provide<div style="display:inline-block;width:6.06px"> </div>support,<div style="display:inline-block;width:6.33px"> </div>financial<div style="display:inline-block;width:5.88px"> </div>or<div style="display:inline-block;width:6.2px"> </div>otherwise,<div style="display:inline-block;width:6.87px"> </div>to<div style="display:inline-block;width:6.2px"> </div>a </div><div id="a133304" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:84.2px;">consolidated SE when<div style="display:inline-block;width:5.09px"> </div>the Group was not contractually obligated to do<div style="display:inline-block;width:5.31px"> </div>so, nor does the Group<div style="display:inline-block;width:4.23px"> </div>have any<div style="display:inline-block;width:3.92px"> </div>intention to do </div><div id="a133317" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.3px;">so in the future. Further<div style="display:inline-block;width:1.41px"> </div>more, the Group<div style="display:inline-block;width:5.34px"> </div>did not provide support,<div style="display:inline-block;width:5.22px"> </div>financial or otherwise, to<div style="display:inline-block;width:5.13px"> </div>a previously unconsolidated </div><div id="a133320" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:114.5px;">SE that resulted in the Group<div style="display:inline-block;width:5.22px"> </div>controlling the SE during the reporting<div style="display:inline-block;width:5.39px"> </div>period.</div></div> <div id="TextBlockContainer846" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:687px;height:274px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_844_XBRL_TS_1bee88c4f5c04cc9842b653995c98570" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer845" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:687px;height:274px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a132826" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Individually significant subsidiaries<div style="display:inline-block;width:4.17px"> </div>of UBS Group AG as of 31 December<div style="display:inline-block;width:4.33px"> </div>2022 </div><div id="a132832" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:15.8px;">Company </div><div id="a132834" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:155.582px;top:15.8px;">Registered office </div><div id="a132837" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:466.462px;top:15.8px;">Share capital in million </div><div id="a132839" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.168px;top:15.8px;">Equity interest accumulated in % </div><div id="a132841" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:31.4px;">UBS AG</div><div id="a132843" style="position:absolute;font-family:'Frutiger 47 CN';left:155.582px;top:31.4px;">Zurich and Basel, Switzerland</div><div id="a132846" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:470.248px;top:31.4px;">CHF </div><div id="a132848_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:527.502px;top:31.4px;">385.8</div><div id="a132851_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:31.4px;">100.0</div><div id="a132854" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:47.5px;">UBS Business Solutions AG</div><div id="a132855" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:101.155px;top:48.1px;">1</div><div id="a132857" style="position:absolute;font-family:'Frutiger 47 CN';left:155.582px;top:47.5px;">Zurich, Switzerland</div><div id="a132860" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:470.248px;top:47.5px;">CHF </div><div id="a132862_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:537.435px;top:47.5px;">1.0</div><div id="a132865_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:47.5px;">100.0</div><div id="a132868" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:63px;">1 UBS Business Solutions AG<div style="display:inline-block;width:3.78px"> </div>holds subsidiaries in China, India,<div style="display:inline-block;width:3.79px"> </div>Israel and Poland. </div><div id="a132876" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:94.6px;">Individually significant subsidiaries<div style="display:inline-block;width:4.1px"> </div>of UBS AG as of 31 December 2022</div><div id="a132877" style="position:absolute;font-family:'Frutiger';font-size:6.148px;font-weight:bold;font-style:normal;left:334.902px;top:95.3px;">1</div><div id="a132882" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:110.4px;">Company </div><div id="a132884" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:155.582px;top:110.4px;">Registered office </div><div id="a132886" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:310.782px;top:110.4px;">Primary business </div><div id="a132888" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:466.462px;top:110.4px;">Share capital in million </div><div id="a132890" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.168px;top:110.4px;">Equity interest accumulated in % </div><div id="a132892" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:126px;">UBS Americas Holding LLC</div><div id="a132894" style="position:absolute;font-family:'Frutiger 47 CN';left:155.582px;top:126px;">Wilmington, Delaware, USA</div><div id="a132896" style="position:absolute;font-family:'Frutiger 47 CN';left:310.782px;top:126px;">Group Functions</div><div id="a132898" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:469.782px;top:126px;">USD </div><div id="a132900_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.568px;top:126px;">5,150.0</div><div id="a132902" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:545.942px;top:126.7px;">2</div><div id="a132904_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:126px;">100.0</div><div id="a132907" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:142.1px;">UBS Americas Inc.</div><div id="a132909" style="position:absolute;font-family:'Frutiger 47 CN';left:155.582px;top:142.1px;">Wilmington, Delaware, USA</div><div id="a132911" style="position:absolute;font-family:'Frutiger 47 CN';left:310.782px;top:142.1px;">Group Functions</div><div id="a132913" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:469.782px;top:142.1px;">USD </div><div id="a132915_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:537.435px;top:142.1px;">0.0</div><div id="a132918_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:142.1px;">100.0</div><div id="a132921" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:158.7px;">UBS Asset Management AG</div><div id="a132923" style="position:absolute;font-family:'Frutiger 47 CN';left:155.582px;top:158.7px;">Zurich, Switzerland</div><div id="a132925" style="position:absolute;font-family:'Frutiger 47 CN';left:310.782px;top:158.7px;">Asset Management</div><div id="a132928" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:470.248px;top:158.7px;">CHF </div><div id="a132930_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.235px;top:158.7px;">43.2</div><div id="a132933_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:158.7px;">100.0</div><div id="a132936" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:175.2px;">UBS Bank USA</div><div id="a132938" style="position:absolute;font-family:'Frutiger 47 CN';left:155.582px;top:175.2px;">Salt Lake City, Utah, USA</div><div id="a132940" style="position:absolute;font-family:'Frutiger 47 CN';left:310.782px;top:175.2px;">Global Wealth Management</div><div id="a132942" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:469.782px;top:175.2px;">USD </div><div id="a132944_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:537.435px;top:175.2px;">0.0</div><div id="a132947_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:175.2px;">100.0</div><div id="a132950" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:191.3px;">UBS Europe SE</div><div id="a132952" style="position:absolute;font-family:'Frutiger 47 CN';left:155.582px;top:191.3px;">Frankfurt, Germany</div><div id="a132954" style="position:absolute;font-family:'Frutiger 47 CN';left:310.782px;top:191.3px;">Global Wealth Management</div><div id="a132956" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:470.248px;top:191.3px;">EUR </div><div id="a132958_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:527.502px;top:191.3px;">446.0</div><div id="a132961_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:191.3px;">100.0</div><div id="a132964" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:207.9px;">UBS Financial Services Inc.</div><div id="a132966" style="position:absolute;font-family:'Frutiger 47 CN';left:155.582px;top:207.9px;">Wilmington, Delaware, USA</div><div id="a132968" style="position:absolute;font-family:'Frutiger 47 CN';left:310.782px;top:207.9px;">Global Wealth Management</div><div id="a132971" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:469.782px;top:207.9px;">USD </div><div id="a132973_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:537.435px;top:207.9px;">0.0</div><div id="a132976_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:207.9px;">100.0</div><div id="a132979" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:223.9px;">UBS Securities LLC</div><div id="a132981" style="position:absolute;font-family:'Frutiger 47 CN';left:155.582px;top:223.9px;">Wilmington, Delaware, USA</div><div id="a132983" style="position:absolute;font-family:'Frutiger 47 CN';left:310.782px;top:223.9px;">Investment Bank</div><div id="a132985" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:469.782px;top:223.9px;">USD </div><div id="a132987_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.568px;top:223.9px;">1,283.1</div><div id="a132989" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:545.942px;top:224.6px;">3</div><div id="a132991_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:223.9px;">100.0</div><div id="a132994" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:240.5px;">UBS Switzerland AG</div><div id="a132996" style="position:absolute;font-family:'Frutiger 47 CN';left:155.582px;top:240.5px;">Zurich, Switzerland</div><div id="a132998" style="position:absolute;font-family:'Frutiger 47 CN';left:310.782px;top:240.5px;">Personal &amp; Corporate Banking</div><div id="a133000" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:470.248px;top:240.5px;">CHF </div><div id="a133002_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.235px;top:240.5px;">10.0</div><div id="a133005_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:240.5px;">100.0</div><div id="a133008" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:255.5px;">1 Includes direct<div style="display:inline-block;width:3.8px"> </div>and indirect<div style="display:inline-block;width:4.17px"> </div>subsidiaries of<div style="display:inline-block;width:3.78px"> </div>UBS AG.<div style="display:inline-block;width:11.19px"> </div>2 Consists of<div style="display:inline-block;width:3.69px"> </div>common<div style="display:inline-block;width:3.6px"> </div>share capital<div style="display:inline-block;width:3.8px"> </div>of USD </div><div id="a133008_100_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:325.378px;top:255.5px;">1,000</div><div id="a133008_105_47" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:344.294px;top:255.5px;"><div style="display:inline-block;width:2.36px"> </div>and non-voting<div style="display:inline-block;width:3.87px"> </div>preferred share<div style="display:inline-block;width:3.8px"> </div>capital of<div style="display:inline-block;width:3.95px"> </div>USD </div><div id="a133008_152_13" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:497.144px;top:255.5px;">5,150,000,000</div><div id="a133008_165_43" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:545.38px;top:255.5px;">.<div style="display:inline-block;width:9.3px"> </div>3 Consists<div style="display:inline-block;width:3.91px"> </div>of common<div style="display:inline-block;width:3.44px"> </div>share capital<div style="display:inline-block;width:3.8px"> </div>of </div><div id="a133016" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:265.9px;">USD </div><div id="a133016_4_7" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.812px;top:265.9px;">100,000</div><div id="a133016_11_47" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:46.241px;top:265.9px;"><div style="display:inline-block;width:1.89px"> </div>and non-voting preferred<div style="display:inline-block;width:3.53px"> </div>share capital of USD </div><div id="a133016_58_13" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:194.795px;top:265.9px;">1,283,000,000</div><div id="a133016_71_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:243.031px;top:265.9px;">.</div></div></div></div> UBS AG Zurich and Basel, Switzerland 385800000 1.000 UBS Business Solutions AG Zurich, Switzerland 1000000.0 1.000 UBS Americas Holding LLC Wilmington, Delaware, USA Group Functions 5150000000.0 1.000 UBS Americas Inc. Wilmington, Delaware, USA Group Functions 0.0 1.000 UBS Asset Management AG Zurich, Switzerland Asset Management 43200000 1.000 UBS Bank USA Salt Lake City, Utah, USA Global Wealth Management 0.0 1.000 UBS Europe SE Frankfurt, Germany Global Wealth Management 446000000.0 1.000 UBS Financial Services Inc. Wilmington, Delaware, USA Global Wealth Management 0.0 1.000 UBS Securities LLC Wilmington, Delaware, USA Investment Bank 1283100000 1.000 UBS Switzerland AG Zurich, Switzerland Personal & Corporate Banking 10000000.0 1.000 1000 5150000000 100000 1283000000 <div id="TextBlockContainer851" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:311px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a133033" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Other subsidiaries of UBS AG as of 31 December<div style="display:inline-block;width:4.3px"> </div>2022 </div><div id="a133039" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:28.6px;">Company </div><div id="a133041" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:213.782px;top:28.6px;">Registered office </div><div id="a133043" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:353.848px;top:28.6px;">Primary business </div><div id="a133045" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.022px;top:28.6px;">Share capital in million </div><div id="a133047" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:627.355px;top:16.7px;">Equity interest<div style="display:inline-block;width:2.65px"> </div></div><div id="a133049" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.155px;top:28.6px;">accumulated in % </div><div id="a133051" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:42.7px;">UBS Asset Management (Americas) Inc.</div><div id="a133053" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:42.7px;">Wilmington, Delaware, USA</div><div id="a133056" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:42.7px;">Asset Management</div><div id="a133058" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:42.7px;">USD </div><div id="a133060_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:42.7px;">0.0</div><div id="a133063_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:42.7px;">100.0</div><div id="a133066" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:58.8px;">UBS Asset Management (Hong Kong) Limited</div><div id="a133068" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:58.8px;">Hong Kong SAR, China</div><div id="a133068_20_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:297.959px;top:58.8px;"><div style="display:inline-block;width:2.42px"> </div></div><div id="a133070" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:58.8px;">Asset Management</div><div id="a133072" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.435px;top:58.8px;">HKD </div><div id="a133074_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:58.8px;">153.8</div><div id="a133077_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:58.8px;">100.0</div><div id="a133080" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:75.4px;">UBS Asset Management Life Ltd</div><div id="a133082" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:75.4px;">London, United Kingdom</div><div id="a133084" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:75.4px;">Asset Management</div><div id="a133086" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:75.4px;">GBP </div><div id="a133088_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.315px;top:75.4px;">15.0</div><div id="a133091_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:75.4px;">100.0</div><div id="a133094" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:91.5px;">UBS Asset Management Switzerland AG</div><div id="a133097" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:91.5px;">Zurich, Switzerland</div><div id="a133099" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:91.5px;">Asset Management</div><div id="a133101" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:503.382px;top:91.5px;">CHF </div><div id="a133103_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:91.5px;">0.5</div><div id="a133106_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:91.5px;">100.0</div><div id="a133109" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:108px;">UBS Business Solutions US LLC</div><div id="a133111" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:108px;">Wilmington, Delaware, USA</div><div id="a133113" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:108px;">Group Functions</div><div id="a133115" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:108px;">USD </div><div id="a133117_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:108px;">0.0</div><div id="a133120_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:108px;">100.0</div><div id="a133123" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:124.1px;">UBS Credit Corp.</div><div id="a133125" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:124.1px;">Wilmington, Delaware, USA</div><div id="a133127" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:124.1px;">Global Wealth Management</div><div id="a133129" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:124.1px;">USD </div><div id="a133131_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:124.1px;">0.0</div><div id="a133134_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:124.1px;">100.0</div><div id="a133137" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:140.7px;">UBS (France) S.A.</div><div id="a133139" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:140.7px;">Paris, France</div><div id="a133141" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:140.7px;">Global Wealth Management</div><div id="a133143" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:503.382px;top:140.7px;">EUR </div><div id="a133145_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:140.7px;">197.0</div><div id="a133148_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:140.7px;">100.0</div><div id="a133151" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:156.7px;">UBS Fund Management (Luxembourg) S.A.</div><div id="a133153" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:156.7px;">Luxembourg, Luxembourg</div><div id="a133155" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:156.7px;">Asset Management</div><div id="a133157" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:503.382px;top:156.7px;">EUR </div><div id="a133159_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.315px;top:156.7px;">13.0</div><div id="a133162_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:156.7px;">100.0</div><div id="a133165" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:173.3px;">UBS Fund Management (Switzerland) AG</div><div id="a133167" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:173.3px;">Basel, Switzerland</div><div id="a133169" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:173.3px;">Asset Management</div><div id="a133172" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:503.382px;top:173.3px;">CHF </div><div id="a133174_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:173.3px;">1.0</div><div id="a133177_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:173.3px;">100.0</div><div id="a133180" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:189.4px;">UBS (Monaco) S.A.</div><div id="a133182" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:189.4px;">Monte Carlo, Monaco</div><div id="a133184" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:189.4px;">Global Wealth Management</div><div id="a133186" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:503.382px;top:189.4px;">EUR </div><div id="a133188_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.315px;top:189.4px;">49.2</div><div id="a133191_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:189.4px;">100.0</div><div id="a133194" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:206px;">UBS O‘Connor LLC</div><div id="a133196" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:206px;">Wilmington, Delaware, USA</div><div id="a133198" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:206px;">Asset Management</div><div id="a133200" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:206px;">USD </div><div id="a133202_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:206px;">1.0</div><div id="a133205_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:206px;">100.0</div><div id="a133208" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:222px;">UBS Realty Investors LLC</div><div id="a133210" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:222px;">Boston, Massachusetts, USA</div><div id="a133212" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:222px;">Asset Management</div><div id="a133215" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:222px;">USD </div><div id="a133217_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:222px;">9.0</div><div id="a133220_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:222px;">100.0</div><div id="a133223" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:238.6px;">UBS Securities Australia Ltd</div><div id="a133225" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:238.6px;">Sydney, Australia</div><div id="a133227" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:238.6px;">Investment Bank</div><div id="a133229" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.488px;top:238.6px;">AUD </div><div id="a133231_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.208px;top:238.6px;">0.3</div><div id="a133233" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:580.022px;top:239.2px;">1</div><div id="a133235_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:238.6px;">100.0</div><div id="a133238" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:255.2px;">UBS Securities Hong Kong Limited</div><div id="a133240" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:255.2px;">Hong Kong SAR, China</div><div id="a133240_20_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:297.959px;top:255.2px;"><div style="display:inline-block;width:2.42px"> </div></div><div id="a133242" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:255.2px;">Investment Bank</div><div id="a133244" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.435px;top:255.2px;">HKD </div><div id="a133246_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:554.488px;top:255.2px;">3,354.2</div><div id="a133249_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:255.2px;">100.0</div><div id="a133252" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:271.3px;">UBS Securities Japan Co., Ltd.</div><div id="a133254" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:271.3px;">Tokyo, Japan</div><div id="a133256" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:271.3px;">Investment Bank</div><div id="a133258" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.755px;top:271.3px;">JPY </div><div id="a133260_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:271.3px;">34,708.7</div><div id="a133263_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:271.3px;">100.0</div><div id="a133266" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:287.8px;">UBS SuMi TRUST Wealth Management Co., Ltd.</div><div id="a133268" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:287.8px;">Tokyo, Japan</div><div id="a133270" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:287.8px;">Global Wealth Management</div><div id="a133272" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.755px;top:287.8px;">JPY </div><div id="a133274_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:554.488px;top:287.8px;">5,165.0</div><div id="a133277_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:287.8px;">51.0</div><div id="a133280" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:302.8px;">1 Includes a nominal amount relating<div style="display:inline-block;width:3.64px"> </div>to redeemable preference<div style="display:inline-block;width:3.79px"> </div>shares.</div></div> UBS Asset Management (Americas) Inc. Wilmington, Delaware, USA Asset Management 0.0 1.000 UBS Asset Management (Hong Kong) Limited Hong Kong SAR, China Asset Management 153800000 1.000 UBS Asset Management Life Ltd London, United Kingdom Asset Management 15000000.0 1.000 UBS Asset Management Switzerland AG Zurich, Switzerland Asset Management 500000 1.000 UBS Business Solutions US LLC Wilmington, Delaware, USA Group Functions 0.0 1.000 UBS Credit Corp. Wilmington, Delaware, USA Global Wealth Management 0.0 1.000 UBS (France) S.A. Paris, France Global Wealth Management 197000000.0 1.000 UBS Fund Management (Luxembourg) S.A. Luxembourg, Luxembourg Asset Management 13000000.0 1.000 UBS Fund Management (Switzerland) AG Basel, Switzerland Asset Management 1000000.0 1.000 UBS (Monaco) S.A. Monte Carlo, Monaco Global Wealth Management 49200000 1.000 UBS O‘Connor LLC Wilmington, Delaware, USA Asset Management 1000000.0 1.000 UBS Realty Investors LLC Boston, Massachusetts, USA Asset Management 9000000.0 1.000 UBS Securities Australia Ltd Sydney, Australia Investment Bank 300000 1.000 UBS Securities Hong Kong Limited Hong Kong SAR, China Investment Bank 3354200000 1.000 UBS Securities Japan Co., Ltd. Tokyo, Japan Investment Bank 34708700000 1.000 UBS SuMi TRUST Wealth Management Co., Ltd. Tokyo, Japan Global Wealth Management 5165000000.0 0.510 <div id="TextBlockContainer856" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:156px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a133365" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">b) Interests in associates and<div style="display:inline-block;width:5.11px"> </div>joint ventures </div><div id="a133370" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.8px;">As of 31 December 2022 and 2021,<div style="display:inline-block;width:2.44px"> </div>no associate or joint<div style="display:inline-block;width:2.07px"> </div>venture was individually material to<div style="display:inline-block;width:2.33px"> </div>the Group. Also, there were </div><div id="a133383" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.9px;">no significant restrictions on the<div style="display:inline-block;width:2.25px"> </div>ability of associates<div style="display:inline-block;width:2.2px"> </div>or joint ventures to<div style="display:inline-block;width:2.12px"> </div>transfer funds to<div style="display:inline-block;width:2.29px"> </div>UBS Group AG or<div style="display:inline-block;width:2.3px"> </div>its subsidiaries </div><div id="a133389" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:58.5px;">as cash<div style="display:inline-block;width:5.88px"> </div>dividends or<div style="display:inline-block;width:5.87px"> </div>to repay<div style="display:inline-block;width:5.47px"> </div>loans or<div style="display:inline-block;width:5.7px"> </div>advances made.<div style="display:inline-block;width:5.51px"> </div>There<div style="display:inline-block;width:5.02px"> </div>were no<div style="display:inline-block;width:5.43px"> </div>quoted market<div style="display:inline-block;width:5.5px"> </div>prices for<div style="display:inline-block;width:5.47px"> </div>any associates<div style="display:inline-block;width:5.67px"> </div>or joint </div><div id="a133393" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:73.7px;">ventures of the Group. </div><div id="a133395" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:96.3px;">In 2022,<div style="display:inline-block;width:6.82px"> </div>UBS<div style="display:inline-block;width:5.11px"> </div>reclassified its<div style="display:inline-block;width:5.76px"> </div>minority<div style="display:inline-block;width:5.28px"> </div>investment<div style="display:inline-block;width:5.42px"> </div>(</div><div id="a133395_51_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:292.148px;top:96.3px;">49</div><div id="a133395_53_67" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:307.281px;top:96.3px;">%) in<div style="display:inline-block;width:5.98px"> </div>its Japanese<div style="display:inline-block;width:6.34px"> </div>real<div style="display:inline-block;width:5.18px"> </div>estate joint<div style="display:inline-block;width:6.51px"> </div>venture, Mitsubishi<div style="display:inline-block;width:6.78px"> </div>Corp.-UBS </div><div id="a133404" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:111.5px;">Realty Inc.,<div style="display:inline-block;width:6.57px"> </div>of<div style="display:inline-block;width:5.25px"> </div>USD </div><div id="a133404_20_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:117.992px;top:111.5px;">44</div><div id="a133404_22_5" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:133.152px;top:111.5px;">m<div style="display:inline-block;width:5.05px"> </div>to </div><div id="a133409" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:166.258px;top:111.3px;">Properties<div style="display:inline-block;width:5.09px"> </div>and<div style="display:inline-block;width:5.61px"> </div>other<div style="display:inline-block;width:5.3px"> </div>non-current<div style="display:inline-block;width:5.49px"> </div>assets<div style="display:inline-block;width:5.2px"> </div>held<div style="display:inline-block;width:5.5px"> </div>for<div style="display:inline-block;width:5.1px"> </div>sale</div><div id="a133412" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:472.898px;top:111.5px;"><div style="display:inline-block;width:5.2px"> </div>and<div style="display:inline-block;width:5.61px"> </div>sold<div style="display:inline-block;width:5.08px"> </div>the<div style="display:inline-block;width:5.25px"> </div>shareholding.<div style="display:inline-block;width:6.07px"> </div>The sale </div><div id="a133417" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:127.1px;">resulted in a<div style="display:inline-block;width:1.53px"> </div>pre-tax gain of<div style="display:inline-block;width:1.81px"> </div>USD </div><div id="a133417_34_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:188.525px;top:127.1px;">848</div><div id="a133417_37_35" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:211.224px;top:127.1px;">m in<div style="display:inline-block;width:1.94px"> </div>2022, which was recognized<div style="display:inline-block;width:2.03px"> </div>in </div><div id="a133423" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:415.165px;top:126.9px;">Other income</div><div id="a133424" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:492.285px;top:127.1px;">. UBS’s asset<div style="display:inline-block;width:1.71px"> </div>management, wealth </div><div id="a133425" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:142.3px;">management and investment banking<div style="display:inline-block;width:5.51px"> </div>businesses operating in Japan<div style="display:inline-block;width:5.07px"> </div>were not affected by the sale.</div></div><div id="TextBlockContainer860" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:331px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_858_XBRL_TS_832b8992937a4be58bddcf648df8ca0b" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer859" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:331px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a133428" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Investments in associates and joint<div style="display:inline-block;width:4.17px"> </div>ventures </div><div id="a133432" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:15.3px;">USD m </div><div id="a133434" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:15.3px;">2022 </div><div id="a133436" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.542px;top:15.3px;">2021 </div><div id="a133438" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:31.4px;">Carrying amount at the beginning of the year </div><div id="a133441_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.008px;top:31.4px;">1,243</div><div id="a133444_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:31.4px;">1,557</div><div id="a133447" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:47.5px;">Additions </div><div id="a133449_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:606.062px;top:47.5px;">3</div><div id="a133452_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.195px;top:47.5px;">1</div><div id="a133455" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:64px;">Reclassifications</div><div id="a133456" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:62.351px;top:64.7px;">1</div><div id="a133458_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.582px;top:64px;display:flex;">(44)</div><div id="a133461_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.542px;top:64px;display:flex;">(386)</div><div id="a133464" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:80.1px;">Share of comprehensive income </div><div id="a133466_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.582px;top:80.1px;display:flex;">(41)</div><div id="a133469_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:80.1px;">150</div><div id="a133472" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:96.7px;">of which: share of net profit</div><div id="a133473" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:113.462px;top:97.3px;">2</div><div id="a133475_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:601.342px;top:96.7px;">32</div><div id="a133478_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:96.7px;">105</div><div id="a133481" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:112.8px;">of which: share of other comprehensive income</div><div id="a133482" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:183.982px;top:113.4px;">3</div><div id="a133484_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:596.582px;top:112.8px;display:flex;">(73)</div><div id="a133487_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.475px;top:112.8px;">45</div><div id="a133490" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:129.3px;">Share of changes in retained earnings </div><div id="a133493_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:606.062px;top:129.3px;">0</div><div id="a133496_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.195px;top:129.3px;">1</div><div id="a133499" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:145.4px;">Dividends received </div><div id="a133501_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.582px;top:145.4px;display:flex;">(31)</div><div id="a133504_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:145.4px;display:flex;">(39)</div><div id="a133507" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:162px;">Foreign currency translation </div><div id="a133509_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.582px;top:162px;display:flex;">(30)</div><div id="a133512_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:162px;display:flex;">(39)</div><div id="a133515" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:178.1px;">Carrying amount at the end of the year </div><div id="a133517_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.008px;top:178.1px;">1,101</div><div id="a133520_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:178.1px;">1,243</div><div id="a133523" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:195.1px;">of which: associates </div><div id="a133525_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:589.008px;top:195.1px;">1,098</div><div id="a133528_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:657.168px;top:195.1px;">1,200</div><div id="a133531" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:211.7px;">of which: SIX Group AG, Zurich</div><div id="a133532" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:135.248px;top:212.3px;">4</div><div id="a133534_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:596.102px;top:211.7px;">954</div><div id="a133537_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:657.168px;top:211.7px;">1,043</div><div id="a133540" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:227.7px;">of which: other associates </div><div id="a133543_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:596.102px;top:227.7px;">144</div><div id="a133546_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:227.7px;">157</div><div id="a133549" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:244.3px;">of which: joint ventures </div><div id="a133551_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:606.062px;top:244.3px;">3</div><div id="a133554_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.475px;top:244.3px;">43</div><div id="a133557" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:260.4px;">of which: Mitsubishi Corp.-UBS Realty Inc.,<div style="display:inline-block;width:3.83px"> </div>Tokyo</div><div id="a133560" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:201.475px;top:261px;">1</div><div id="a133563_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.475px;top:260.4px;">40</div><div id="a133566" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:276.9px;">of which: other joint ventures </div><div id="a133568_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:606.062px;top:276.9px;">3</div><div id="a133571_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:674.195px;top:276.9px;">3</div><div id="a133574" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:292.4px;">1 In 2022, UBS reclassified<div style="display:inline-block;width:3.87px"> </div>its minority investment<div style="display:inline-block;width:3.75px"> </div>(</div><div id="a133574_53_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:166.83px;top:292.4px;">49</div><div id="a133574_55_46" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:175.435px;top:292.4px;">%) in Mitsubishi Corp.-UBS<div style="display:inline-block;width:4.49px"> </div>Realty Inc. of USD </div><div id="a133574_101_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:323.521px;top:292.4px;">44</div><div id="a133574_103_110" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:332.033px;top:292.4px;">m to Properties and<div style="display:inline-block;width:3.94px"> </div>other non-current assets<div style="display:inline-block;width:3.88px"> </div>held for sale and sold<div style="display:inline-block;width:3.63px"> </div>the investment in the<div style="display:inline-block;width:4.09px"> </div>same year.<div style="display:inline-block;width:3.47px"> </div>In 2021, </div><div id="a133580" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:302.4px;">UBS reclassified its minority investment<div style="display:inline-block;width:3.6px"> </div>(</div><div id="a133580_42_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:130.417px;top:302.4px;">48.8</div><div id="a133580_46_40" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:145.077px;top:302.4px;">%) in Clearstream Fund Centre<div style="display:inline-block;width:3.49px"> </div>AG of USD </div><div id="a133580_86_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:279.854px;top:302.4px;">386</div><div id="a133580_89_125" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:292.622px;top:302.4px;">m to Properties and other non-current<div style="display:inline-block;width:4.03px"> </div>assets held for sale and sold the<div style="display:inline-block;width:3.49px"> </div>investment in the same year.<div style="display:inline-block;width:10.39px"> </div>2 For 2022, consists </div><div id="a133584" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:312.8px;">of USD </div><div id="a133584_7_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:26.883px;top:312.8px;">27</div><div id="a133584_9_26" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:35.395px;top:312.8px;">m from associates and USD </div><div id="a133584_35_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:122.882px;top:312.8px;">5</div><div id="a133584_36_49" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:127.138px;top:312.8px;">m from joint ventures (for 2021, consists of USD </div><div id="a133584_85_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:279.542px;top:312.8px;">79</div><div id="a133584_87_26" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:288.054px;top:312.8px;">m from associates and USD </div><div id="a133584_113_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:375.068px;top:312.8px;">26</div><div id="a133584_115_64" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:384.053px;top:312.8px;">m from joint ventures).<div style="display:inline-block;width:8.15px"> </div>3 For 2022, consists of negative USD </div><div id="a133584_179_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:580.501px;top:312.8px;">73</div><div id="a133584_181_29" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:589.014px;top:312.8px;">m from associates (for 2021, </div><div id="a133595" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:322.7px;">consists of USD </div><div id="a133595_16_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:53.839px;top:322.7px;">44</div><div id="a133595_18_26" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:62.351px;top:322.7px;">m from associates and<div style="display:inline-block;width:3.47px"> </div>USD </div><div id="a133595_44_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:150.311px;top:322.7px;">1</div><div id="a133595_45_75" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:155.04px;top:322.7px;">m from joint ventures).<div style="display:inline-block;width:8.97px"> </div>4 In 2022, UBS<div style="display:inline-block;width:3.52px"> </div>AG’s equity interest<div style="display:inline-block;width:3.78px"> </div>amounted to </div><div id="a133595_120_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:391.618px;top:322.7px;">17.31</div><div id="a133595_125_51" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:410.534px;top:322.7px;">%. UBS AG is represented<div style="display:inline-block;width:3.48px"> </div>on the Board of Directors.</div></div></div></div> 0.49 -44000000 848000000 <div id="TextBlockContainer859" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:331px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a133428" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Investments in associates and joint<div style="display:inline-block;width:4.17px"> </div>ventures </div><div id="a133432" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:15.3px;">USD m </div><div id="a133434" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:15.3px;">2022 </div><div id="a133436" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.542px;top:15.3px;">2021 </div><div id="a133438" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:31.4px;">Carrying amount at the beginning of the year </div><div id="a133441_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.008px;top:31.4px;">1,243</div><div id="a133444_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:31.4px;">1,557</div><div id="a133447" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:47.5px;">Additions </div><div id="a133449_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:606.062px;top:47.5px;">3</div><div id="a133452_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.195px;top:47.5px;">1</div><div id="a133455" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:64px;">Reclassifications</div><div id="a133456" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:62.351px;top:64.7px;">1</div><div id="a133458_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.582px;top:64px;display:flex;">(44)</div><div id="a133461_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.542px;top:64px;display:flex;">(386)</div><div id="a133464" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:80.1px;">Share of comprehensive income </div><div id="a133466_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.582px;top:80.1px;display:flex;">(41)</div><div id="a133469_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:80.1px;">150</div><div id="a133472" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:96.7px;">of which: share of net profit</div><div id="a133473" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:113.462px;top:97.3px;">2</div><div id="a133475_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:601.342px;top:96.7px;">32</div><div id="a133478_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:96.7px;">105</div><div id="a133481" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:112.8px;">of which: share of other comprehensive income</div><div id="a133482" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:183.982px;top:113.4px;">3</div><div id="a133484_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:596.582px;top:112.8px;display:flex;">(73)</div><div id="a133487_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.475px;top:112.8px;">45</div><div id="a133490" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:129.3px;">Share of changes in retained earnings </div><div id="a133493_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:606.062px;top:129.3px;">0</div><div id="a133496_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.195px;top:129.3px;">1</div><div id="a133499" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:145.4px;">Dividends received </div><div id="a133501_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.582px;top:145.4px;display:flex;">(31)</div><div id="a133504_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:145.4px;display:flex;">(39)</div><div id="a133507" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:162px;">Foreign currency translation </div><div id="a133509_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.582px;top:162px;display:flex;">(30)</div><div id="a133512_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:162px;display:flex;">(39)</div><div id="a133515" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:178.1px;">Carrying amount at the end of the year </div><div id="a133517_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.008px;top:178.1px;">1,101</div><div id="a133520_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:178.1px;">1,243</div><div id="a133523" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:195.1px;">of which: associates </div><div id="a133525_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:589.008px;top:195.1px;">1,098</div><div id="a133528_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:657.168px;top:195.1px;">1,200</div><div id="a133531" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:211.7px;">of which: SIX Group AG, Zurich</div><div id="a133532" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:135.248px;top:212.3px;">4</div><div id="a133534_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:596.102px;top:211.7px;">954</div><div id="a133537_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:657.168px;top:211.7px;">1,043</div><div id="a133540" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:227.7px;">of which: other associates </div><div id="a133543_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:596.102px;top:227.7px;">144</div><div id="a133546_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:227.7px;">157</div><div id="a133549" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:244.3px;">of which: joint ventures </div><div id="a133551_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:606.062px;top:244.3px;">3</div><div id="a133554_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.475px;top:244.3px;">43</div><div id="a133557" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:260.4px;">of which: Mitsubishi Corp.-UBS Realty Inc.,<div style="display:inline-block;width:3.83px"> </div>Tokyo</div><div id="a133560" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:201.475px;top:261px;">1</div><div id="a133563_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.475px;top:260.4px;">40</div><div id="a133566" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:276.9px;">of which: other joint ventures </div><div id="a133568_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:606.062px;top:276.9px;">3</div><div id="a133571_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:674.195px;top:276.9px;">3</div><div id="a133574" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:292.4px;">1 In 2022, UBS reclassified<div style="display:inline-block;width:3.87px"> </div>its minority investment<div style="display:inline-block;width:3.75px"> </div>(</div><div id="a133574_53_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:166.83px;top:292.4px;">49</div><div id="a133574_55_46" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:175.435px;top:292.4px;">%) in Mitsubishi Corp.-UBS<div style="display:inline-block;width:4.49px"> </div>Realty Inc. of USD </div><div id="a133574_101_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:323.521px;top:292.4px;">44</div><div id="a133574_103_110" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:332.033px;top:292.4px;">m to Properties and<div style="display:inline-block;width:3.94px"> </div>other non-current assets<div style="display:inline-block;width:3.88px"> </div>held for sale and sold<div style="display:inline-block;width:3.63px"> </div>the investment in the<div style="display:inline-block;width:4.09px"> </div>same year.<div style="display:inline-block;width:3.47px"> </div>In 2021, </div><div id="a133580" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:302.4px;">UBS reclassified its minority investment<div style="display:inline-block;width:3.6px"> </div>(</div><div id="a133580_42_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:130.417px;top:302.4px;">48.8</div><div id="a133580_46_40" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:145.077px;top:302.4px;">%) in Clearstream Fund Centre<div style="display:inline-block;width:3.49px"> </div>AG of USD </div><div id="a133580_86_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:279.854px;top:302.4px;">386</div><div id="a133580_89_125" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:292.622px;top:302.4px;">m to Properties and other non-current<div style="display:inline-block;width:4.03px"> </div>assets held for sale and sold the<div style="display:inline-block;width:3.49px"> </div>investment in the same year.<div style="display:inline-block;width:10.39px"> </div>2 For 2022, consists </div><div id="a133584" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:312.8px;">of USD </div><div id="a133584_7_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:26.883px;top:312.8px;">27</div><div id="a133584_9_26" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:35.395px;top:312.8px;">m from associates and USD </div><div id="a133584_35_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:122.882px;top:312.8px;">5</div><div id="a133584_36_49" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:127.138px;top:312.8px;">m from joint ventures (for 2021, consists of USD </div><div id="a133584_85_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:279.542px;top:312.8px;">79</div><div id="a133584_87_26" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:288.054px;top:312.8px;">m from associates and USD </div><div id="a133584_113_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:375.068px;top:312.8px;">26</div><div id="a133584_115_64" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:384.053px;top:312.8px;">m from joint ventures).<div style="display:inline-block;width:8.15px"> </div>3 For 2022, consists of negative USD </div><div id="a133584_179_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:580.501px;top:312.8px;">73</div><div id="a133584_181_29" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:589.014px;top:312.8px;">m from associates (for 2021, </div><div id="a133595" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:322.7px;">consists of USD </div><div id="a133595_16_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:53.839px;top:322.7px;">44</div><div id="a133595_18_26" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:62.351px;top:322.7px;">m from associates and<div style="display:inline-block;width:3.47px"> </div>USD </div><div id="a133595_44_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:150.311px;top:322.7px;">1</div><div id="a133595_45_75" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:155.04px;top:322.7px;">m from joint ventures).<div style="display:inline-block;width:8.97px"> </div>4 In 2022, UBS<div style="display:inline-block;width:3.52px"> </div>AG’s equity interest<div style="display:inline-block;width:3.78px"> </div>amounted to </div><div id="a133595_120_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:391.618px;top:322.7px;">17.31</div><div id="a133595_125_51" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:410.534px;top:322.7px;">%. UBS AG is represented<div style="display:inline-block;width:3.48px"> </div>on the Board of Directors.</div></div> 1243000000 1557000000 3000000 1000000 44000000 386000000 -41000000 150000000 32000000 105000000 -73000000 45000000 0 1000000 31000000 39000000 -30000000 -39000000 1101000000 1243000000 1098000000 1200000000 954000000 1043000000 144000000 157000000 3000000 43000000 40000000 3000000 3000000 0.49 -44000000 0.488 386000000 27000000 5000000 79000000 26000000 -73000000 44000000 1000000 0.1731 <div id="TextBlockContainer862" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:324px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a133602" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">c) Unconsolidated structured entities </div><div id="a133606" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.3px;">UBS is<div style="display:inline-block;width:5.13px"> </div>considered to<div style="display:inline-block;width:5.52px"> </div>sponsor another<div style="display:inline-block;width:5.41px"> </div>entity if, in addition<div style="display:inline-block;width:5.97px"> </div>to ongoing<div style="display:inline-block;width:5.99px"> </div>involvement with that<div style="display:inline-block;width:5.36px"> </div>entity,<div style="display:inline-block;width:5.64px"> </div>it had a<div style="display:inline-block;width:5.56px"> </div>key role<div style="display:inline-block;width:5.29px"> </div>in </div><div id="a133609" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.9px;">establishing that entity or<div style="display:inline-block;width:5.01px"> </div>in bringing together relevant<div style="display:inline-block;width:5.76px"> </div>counterparties for a transaction<div style="display:inline-block;width:6.18px"> </div>facilitated by that entity.<div style="display:inline-block;width:6.4px"> </div>During </div><div id="a133612" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:58.1px;">2022,<div style="display:inline-block;width:5.2px"> </div>the Group<div style="display:inline-block;width:5.47px"> </div>sponsored the<div style="display:inline-block;width:5.13px"> </div>creation of<div style="display:inline-block;width:5.39px"> </div>various SEs and<div style="display:inline-block;width:5.86px"> </div>interacted with<div style="display:inline-block;width:5.47px"> </div>a number<div style="display:inline-block;width:5.13px"> </div>of non<div style="display:inline-block;width:1.51px"> </div>-sponsored<div style="display:inline-block;width:5.31px"> </div>SEs, including </div><div id="a133619" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:73.2px;">securitization vehicles, client vehicles and certain<div style="display:inline-block;width:2.02px"> </div>investment funds, that UBS did<div style="display:inline-block;width:2.21px"> </div>not consolidate as of<div style="display:inline-block;width:2.08px"> </div>31 December 2022 </div><div id="a133627" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:88.8px;">because it did not control the<div style="display:inline-block;width:1.44px"> </div>m. </div><div id="a133631" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:111.5px;">Interests in unconsolidated structured<div style="display:inline-block;width:5.18px"> </div>entities </div><div id="a133635" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:126.7px;">The table below presents the Group’s interests in and maximum exposure to loss from unconsolidated SEs, as well as the </div><div id="a133636" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:142.3px;">total assets held by the SEs in which UBS<div style="display:inline-block;width:5.45px"> </div>had an interest as of<div style="display:inline-block;width:5.06px"> </div>year-end, except for investment funds<div style="display:inline-block;width:5.38px"> </div>sponsored by third </div><div id="a133645" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:157.4px;">parties, for which the carrying amount<div style="display:inline-block;width:5.23px"> </div>of UBS’s interest as of year<div style="display:inline-block;width:1.44px"> </div>-end has been disclosed.</div><div id="a133648" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#FF0000;left:518.792px;top:157.4px;"> </div><div id="a133649" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:180.1px;">Sponsored unconsolidated<div style="display:inline-block;width:5.02px"> </div>structured entities in which UBS did<div style="display:inline-block;width:5.2px"> </div>not have an interest at year-end </div><div id="a133656" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:195.3px;">During 2022<div style="display:inline-block;width:5.74px"> </div>and 2021,<div style="display:inline-block;width:5.24px"> </div>the Group<div style="display:inline-block;width:5.47px"> </div>did not earn<div style="display:inline-block;width:5.3px"> </div>material income<div style="display:inline-block;width:5.06px"> </div>from sponsored<div style="display:inline-block;width:6.01px"> </div>unconsolidated<div style="display:inline-block;width:5.16px"> </div>SEs in which<div style="display:inline-block;width:5.76px"> </div>UBS did </div><div id="a133662" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:210.9px;">not have an interest at year-end. </div><div id="a133666" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:233.6px;">During 2022 and 2021,<div style="display:inline-block;width:4.46px"> </div>UBS and third parties did not transfer any assets into sponsored securitization vehicles created in </div><div id="a133678" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:248.7px;">the<div style="display:inline-block;width:5.72px"> </div>year.<div style="display:inline-block;width:5.69px"> </div>UBS<div style="display:inline-block;width:6.03px"> </div>and<div style="display:inline-block;width:5.61px"> </div>third<div style="display:inline-block;width:5.43px"> </div>parties<div style="display:inline-block;width:5.52px"> </div>transferred<div style="display:inline-block;width:5.6px"> </div>assets,<div style="display:inline-block;width:5.77px"> </div>alongside<div style="display:inline-block;width:6.32px"> </div>deposits<div style="display:inline-block;width:5.65px"> </div>and<div style="display:inline-block;width:5.61px"> </div>debt<div style="display:inline-block;width:5.93px"> </div>issuances<div style="display:inline-block;width:5.45px"> </div>(which<div style="display:inline-block;width:6.3px"> </div>are<div style="display:inline-block;width:5.76px"> </div>assets<div style="display:inline-block;width:5.67px"> </div>from<div style="display:inline-block;width:5.66px"> </div>the </div><div id="a133680" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:264.3px;">perspective of the vehicle),<div style="display:inline-block;width:5.05px"> </div>of USD </div><div id="a133680_36_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:204.125px;top:264.3px;">1</div><div id="a133680_37_11" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:211.691px;top:264.3px;">bn and USD </div><div id="a133680_48_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:284.072px;top:264.3px;">3</div><div id="a133680_49_72" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:291.638px;top:264.3px;">bn, respectively, into sponsored<div style="display:inline-block;width:5.69px"> </div>client vehicles created in 2022<div style="display:inline-block;width:5.49px"> </div>(2021: </div><div id="a133692" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:279.5px;">USD </div><div id="a133692_4_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:33.312px;top:279.5px;">1</div><div id="a133692_5_11" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:40.878px;top:279.5px;">bn<div style="display:inline-block;width:5.61px"> </div>and<div style="display:inline-block;width:5.61px"> </div>USD </div><div id="a133692_16_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:116.098px;top:279.5px;">2</div><div id="a133692_17_98" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:123.665px;top:279.5px;">bn,<div style="display:inline-block;width:5.71px"> </div>respectively).<div style="display:inline-block;width:5.25px"> </div>For<div style="display:inline-block;width:5.52px"> </div>sponsored<div style="display:inline-block;width:6.4px"> </div>investment<div style="display:inline-block;width:5.36px"> </div>funds,<div style="display:inline-block;width:6.28px"> </div>transfers<div style="display:inline-block;width:5.36px"> </div>arose<div style="display:inline-block;width:6.01px"> </div>during<div style="display:inline-block;width:5.75px"> </div>the<div style="display:inline-block;width:5.25px"> </div>period<div style="display:inline-block;width:6.02px"> </div>as<div style="display:inline-block;width:5.25px"> </div>investors </div><div id="a133697" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:294.6px;">invested and<div style="display:inline-block;width:6.18px"> </div>redeemed<div style="display:inline-block;width:5.07px"> </div>positions, thereby<div style="display:inline-block;width:6.09px"> </div>changing the<div style="display:inline-block;width:5.59px"> </div>overall size<div style="display:inline-block;width:5.16px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>funds,<div style="display:inline-block;width:5.34px"> </div>which, when<div style="display:inline-block;width:6.12px"> </div>combined with<div style="display:inline-block;width:5.7px"> </div>market </div><div id="a133698" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:310.2px;">movements, resulted in a total closing<div style="display:inline-block;width:5.18px"> </div>net asset value of USD </div><div id="a133698_62_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:355.552px;top:310.2px;">38</div><div id="a133698_64_26" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:370.685px;top:310.2px;">bn (31 December 2021: USD </div><div id="a133698_90_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:538.192px;top:310.2px;">46</div><div id="a133698_92_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:553.325px;top:310.2px;">bn).</div></div><div id="TextBlockContainer866" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:502px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_864_XBRL_TS_bce3aecc8522493ab89ef1e53c418ac2" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer865" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:502px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a133755" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Interests in unconsolidated structured<div style="display:inline-block;width:4.39px"> </div>entities </div><div id="a133761" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:479.702px;top:15.8px;">31.12.22 </div><div id="a133763" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:41.8px;">USD m, except where indicated </div><div id="a133766" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:344.395px;top:30.4px;">Securitization </div><div id="a133768" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:364.728px;top:41.8px;">vehicles </div><div id="a133770" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:437.115px;top:30.4px;">Client </div><div id="a133772" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:430.022px;top:41.8px;">vehicles </div><div id="a133774" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:488.688px;top:30.4px;">Investment </div><div id="a133776" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.582px;top:41.8px;">funds </div><div id="a133778" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:575.302px;top:41.8px;">Total </div><div id="a133780" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:642.475px;top:30.4px;">Maximum </div><div id="a133782" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:616.942px;top:41.8px;">exposure to loss</div><div id="a133783" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:675.622px;top:42.4px;">1</div><div id="a133785" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:56px;">Financial assets at fair value held for trading </div><div id="a133788_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.448px;top:56px;">278</div><div id="a133791_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:56px;">81</div><div id="a133794_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:506.688px;top:56px;">5,884</div><div id="a133797_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:571.515px;top:56px;">6,243</div><div id="a133800_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.702px;top:56px;">6,243</div><div id="a133803" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:72.5px;">Derivative financial instruments </div><div id="a133806_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:388.368px;top:72.5px;">3</div><div id="a133809_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:443.768px;top:72.5px;">160</div><div id="a133812_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:72.5px;">115</div><div id="a133815_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:578.608px;top:72.5px;">278</div><div id="a133818_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:663.795px;top:72.5px;">278</div><div id="a133821" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:88.6px;">Loans and advances to customers </div><div id="a133827_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:88.6px;">119</div><div id="a133830_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:578.608px;top:88.6px;">119</div><div id="a133833_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:663.795px;top:88.6px;">119</div><div id="a133836" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:105.2px;">Financial assets at fair value not held for trading </div><div id="a133841_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:105.2px;">225</div><div id="a133844_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:578.608px;top:105.2px;">225</div><div id="a133847_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:663.795px;top:105.2px;">225</div><div id="a133850" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:121.3px;">Financial assets measured at fair value through<div style="display:inline-block;width:4.15px"> </div>other comprehensive income</div><div id="a133851" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:280.955px;top:121.9px;">2</div><div id="a133859" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:137.8px;">Other financial assets measured at amortized cost</div><div id="a133860" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:184.462px;top:138.5px;">2</div><div id="a133863_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.448px;top:137.8px;">837</div><div id="a133866_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:433.808px;top:137.8px;">4,977</div><div id="a133868" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:455.595px;top:138.5px;">3 </div><div id="a133870_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:523.715px;top:137.8px;">2</div><div id="a133873_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:571.515px;top:137.8px;">5,817</div><div id="a133876_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.702px;top:137.8px;">6,066</div><div id="a133879" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:153.4px;">Total assets </div><div id="a133882_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:368.515px;top:153.4px;">1,118</div><div id="a133884" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:390.302px;top:154.1px;">4 </div><div id="a133886_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:436.635px;top:153.4px;">5,219</div><div id="a133889_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:506.688px;top:153.4px;">6,345</div><div id="a133892_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:566.782px;top:153.4px;">12,681</div><div id="a133896" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:169.5px;">Derivative financial instruments </div><div id="a133899_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:388.368px;top:169.5px;">1</div><div id="a133902_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:169.5px;">35</div><div id="a133905_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:169.5px;">763</div><div id="a133908_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:578.608px;top:169.5px;">798</div><div id="a133911_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:673.728px;top:169.5px;">2</div><div id="a133914" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:185.6px;">Total liabilities </div><div id="a133917_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:388.368px;top:185.6px;">1</div><div id="a133920_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:185.6px;">35</div><div id="a133923_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:185.6px;">763</div><div id="a133926_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:578.608px;top:185.6px;">798</div><div id="a133930" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:200.3px;">Assets held by the unconsolidated structured<div style="display:inline-block;width:4.34px"> </div>entities in which UBS had an interest </div><div id="a133931" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:212.1px;">(USD bn) </div><div id="a133934_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:380.328px;top:212.6px;">50</div><div id="a133936" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:390.302px;top:213.2px;">5 </div><div id="a133938_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:440.902px;top:212.6px;">107</div><div id="a133940" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:455.595px;top:213.2px;">6 </div><div id="a133942_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:510.955px;top:212.6px;">139</div><div id="a133944" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:525.608px;top:213.2px;">7 </div><div id="a133957" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:479.702px;top:242.8px;">31.12.21 </div><div id="a133959" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:268.9px;">USD m, except where indicated </div><div id="a133962" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.395px;top:257.5px;">Securitization </div><div id="a133964" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:364.728px;top:268.9px;">vehicles </div><div id="a133966" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:437.115px;top:257.5px;">Client </div><div id="a133968" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.022px;top:268.9px;">vehicles </div><div id="a133970" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:488.688px;top:257.5px;">Investment </div><div id="a133972" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:508.582px;top:268.9px;">funds </div><div id="a133974" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.302px;top:268.9px;">Total </div><div id="a133976" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:642.475px;top:257.5px;">Maximum </div><div id="a133978" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.942px;top:268.9px;">exposure to loss</div><div id="a133979" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:675.142px;top:269.5px;">1</div><div id="a133981" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:283.1px;">Financial assets at fair value held for trading </div><div id="a133984_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:378.448px;top:283.1px;">246</div><div id="a133987_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:443.768px;top:283.1px;">162</div><div id="a133990_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.688px;top:283.1px;">6,743</div><div id="a133993_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:283.1px;">7,151</div><div id="a133996_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:283.1px;">7,151</div><div id="a133999" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:299.6px;">Derivative financial instruments </div><div id="a134002_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.368px;top:299.6px;">5</div><div id="a134005_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.968px;top:299.6px;">45</div><div id="a134008_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.782px;top:299.6px;">155</div><div id="a134011_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.608px;top:299.6px;">205</div><div id="a134014_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:299.6px;">205</div><div id="a134017" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:315.7px;">Loans and advances to customers </div><div id="a134022_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.782px;top:315.7px;">125</div><div id="a134025_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.608px;top:315.7px;">125</div><div id="a134028_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:315.7px;">125</div><div id="a134031" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:332.3px;">Financial assets at fair value not held for trading </div><div id="a134034_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:383.648px;top:332.3px;">35</div><div id="a134038_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.782px;top:332.3px;">222</div><div id="a134041_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.608px;top:332.3px;">257</div><div id="a134044_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:332.3px;">257</div><div id="a134047" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:348.4px;">Financial assets measured at fair value through<div style="display:inline-block;width:4.15px"> </div>other comprehensive income </div><div id="a134051_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:378.448px;top:348.4px;">324</div><div id="a134054_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:436.635px;top:348.4px;">4,525</div><div id="a134058_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:348.4px;">4,849</div><div id="a134061_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:348.4px;">4,849</div><div id="a134064" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:364.9px;">Other financial assets measured at amortized cost </div><div id="a134068_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:450.862px;top:364.9px;">0</div><div id="a134070" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:455.595px;top:365.6px;">3 </div><div id="a134072_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.715px;top:364.9px;">0</div><div id="a134075_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:364.9px;">1</div><div id="a134078_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:364.9px;">250</div><div id="a134081" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:380.5px;">Total assets </div><div id="a134084_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:376.075px;top:380.5px;">610</div><div id="a134086" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:390.302px;top:381.2px;">4 </div><div id="a134088_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:436.635px;top:380.5px;">4,732</div><div id="a134091_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.688px;top:380.5px;">7,247</div><div id="a134094_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:380.5px;">12,588</div><div id="a134098" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:396.6px;">Derivative financial instruments </div><div id="a134101_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.368px;top:396.6px;">2</div><div id="a134104_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.968px;top:396.6px;">11</div><div id="a134107_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.782px;top:396.6px;">281</div><div id="a134110_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.608px;top:396.6px;">294</div><div id="a134114" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:412.7px;">Total liabilities </div><div id="a134117_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.368px;top:412.7px;">2</div><div id="a134120_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.968px;top:412.7px;">11</div><div id="a134123_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.782px;top:412.7px;">281</div><div id="a134126_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.608px;top:412.7px;">294</div><div id="a134130" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:427.4px;">Assets held by the unconsolidated structured<div style="display:inline-block;width:4.34px"> </div>entities in which UBS had an interest </div><div id="a134131" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:439.2px;">(USD bn) </div><div id="a134134_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:380.808px;top:439.7px;">30</div><div id="a134136" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:390.302px;top:440.3px;">5 </div><div id="a134138_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:446.128px;top:439.7px;">81</div><div id="a134140" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:455.595px;top:440.3px;">6 </div><div id="a134142_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.422px;top:439.7px;">158</div><div id="a134144" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:525.608px;top:440.3px;">7 </div><div id="a134148" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:453.3px;">1 For the purpose of this<div style="display:inline-block;width:3.8px"> </div>disclosure, maximum exposure<div style="display:inline-block;width:4.07px"> </div>to loss amounts do not consider<div style="display:inline-block;width:3.75px"> </div>the risk-reducing effects<div style="display:inline-block;width:3.68px"> </div>of collateral or other credit<div style="display:inline-block;width:4px"> </div>enhancements.<div style="display:inline-block;width:9.31px"> </div>2 Effective<div style="display:inline-block;width:3.39px"> </div>1 April 2022, a portfolio of assets<div style="display:inline-block;width:3.69px"> </div>previously </div><div id="a134156" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:463.2px;">classified as Financial assets measured<div style="display:inline-block;width:3.49px"> </div>at fair value through other comprehensive<div style="display:inline-block;width:4.4px"> </div>income was reclassified to<div style="display:inline-block;width:3.46px"> </div>Other financial assets<div style="display:inline-block;width:3.57px"> </div>measured at amortized cost. Refer<div style="display:inline-block;width:3.48px"> </div>to Note 1b for more information.<div style="display:inline-block;width:9.53px"> </div>3 Includes the </div><div id="a134160" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:473.6px;">carrying amount of loan commitments. The<div style="display:inline-block;width:3.45px"> </div>maximum exposure to loss for these instruments is equal to the notional amount.<div style="display:inline-block;width:8.15px"> </div>4 As of 31 December 2022, USD </div><div id="a134160_154_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:501.968px;top:473.6px;">0.1</div><div id="a134160_157_14" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:512.372px;top:473.6px;">bn of the USD </div><div id="a134160_171_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:557.795px;top:473.6px;">1.1</div><div id="a134160_174_26" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:568.199px;top:473.6px;">bn (31 December 2021: USD </div><div id="a134160_200_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:660.008px;top:473.6px;">0.1</div><div id="a134160_203_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:670.885px;top:473.6px;">bn </div><div id="a134171" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:483.5px;">of the USD </div><div id="a134171_11_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:39.179px;top:483.5px;">0.6</div><div id="a134171_14_201" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:50.056px;top:483.5px;">bn) was held in Group Functions<div style="display:inline-block;width:4.01px"> </div>– Non-core and Legacy<div style="display:inline-block;width:3.64px"> </div>Portfolio.<div style="display:inline-block;width:9.28px"> </div>5 Represents the principal<div style="display:inline-block;width:3.49px"> </div>amount outstanding.<div style="display:inline-block;width:9.45px"> </div>6 Represents the market<div style="display:inline-block;width:3.97px"> </div>value of total assets.<div style="display:inline-block;width:9.61px"> </div>7 Represents the<div style="display:inline-block;width:3.49px"> </div>net asset value </div><div id="a134183" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:494px;">of the investment funds sponsored<div style="display:inline-block;width:3.92px"> </div>by UBS and the carrying amount<div style="display:inline-block;width:3.75px"> </div>of UBS’s interests<div style="display:inline-block;width:3.62px"> </div>in the investment funds<div style="display:inline-block;width:3.62px"> </div>not sponsored by UBS.</div></div></div></div><div id="TextBlockContainer868" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:402px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a134187" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">The Group retains or<div style="display:inline-block;width:5.01px"> </div>purchases interests in<div style="display:inline-block;width:5.29px"> </div>unconsolidated SEs in<div style="display:inline-block;width:5.09px"> </div>the form of direct investments,<div style="display:inline-block;width:5.13px"> </div>financing, guarantees, </div><div id="a134191" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">letters of<div style="display:inline-block;width:5.79px"> </div>credit<div style="display:inline-block;width:5.1px"> </div>and<div style="display:inline-block;width:5.13px"> </div>derivatives,<div style="display:inline-block;width:4.66px"> </div>as well<div style="display:inline-block;width:6.2px"> </div>as through<div style="display:inline-block;width:6.84px"> </div>management contracts.<div style="display:inline-block;width:6.19px"> </div>The Group’s<div style="display:inline-block;width:7.2px"> </div>maximum exposure<div style="display:inline-block;width:5.75px"> </div>to loss<div style="display:inline-block;width:6.02px"> </div>is </div><div id="a134200" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.7px;">generally equal to the carrying amount of the Group’s interest in the given SE, with this<div style="display:inline-block;width:2.16px"> </div>subject to change over time with </div><div id="a134204" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.9px;">market<div style="display:inline-block;width:6.16px"> </div>movements.<div style="display:inline-block;width:6.52px"> </div>Guarantees,<div style="display:inline-block;width:6.29px"> </div>letters<div style="display:inline-block;width:6.58px"> </div>of<div style="display:inline-block;width:6.2px"> </div>credit<div style="display:inline-block;width:6.45px"> </div>and<div style="display:inline-block;width:6.55px"> </div>credit<div style="display:inline-block;width:5.98px"> </div>derivatives<div style="display:inline-block;width:6.42px"> </div>are<div style="display:inline-block;width:6.23px"> </div>an<div style="display:inline-block;width:6.35px"> </div>exception,<div style="display:inline-block;width:6.67px"> </div>with<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:6.55px"> </div>given<div style="display:inline-block;width:6.27px"> </div>contract’s </div><div id="a134209" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">notional amount, adjusted<div style="display:inline-block;width:5.24px"> </div>for losses already incurred, representing<div style="display:inline-block;width:5.9px"> </div>the maximum loss that the G<div style="display:inline-block;width:1.34px"> </div>roup is exposed<div style="display:inline-block;width:5.08px"> </div>to. </div><div id="a134213" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:84.2px;">The<div style="display:inline-block;width:5.4px"> </div>maximum<div style="display:inline-block;width:5.11px"> </div>exposure<div style="display:inline-block;width:5.74px"> </div>to<div style="display:inline-block;width:5.25px"> </div>loss<div style="display:inline-block;width:5.4px"> </div>disclosed<div style="display:inline-block;width:5.5px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the<div style="display:inline-block;width:5.41px"> </div>table<div style="display:inline-block;width:5.18px"> </div>above does<div style="display:inline-block;width:6.47px"> </div>not<div style="display:inline-block;width:5.45px"> </div>reflect the<div style="display:inline-block;width:6.25px"> </div>Group’s<div style="display:inline-block;width:5.94px"> </div>risk management<div style="display:inline-block;width:6.66px"> </div>activities, </div><div id="a134218" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.3px;">including<div style="display:inline-block;width:7.59px"> </div>effects<div style="display:inline-block;width:6.72px"> </div>from<div style="display:inline-block;width:7.08px"> </div>financial<div style="display:inline-block;width:7.3px"> </div>instruments<div style="display:inline-block;width:7.08px"> </div>that<div style="display:inline-block;width:7.46px"> </div>may<div style="display:inline-block;width:6.74px"> </div>be<div style="display:inline-block;width:7.3px"> </div>used<div style="display:inline-block;width:7.55px"> </div>to<div style="display:inline-block;width:7.14px"> </div>economically<div style="display:inline-block;width:7.1px"> </div>hedge<div style="display:inline-block;width:7.7px"> </div>risks<div style="display:inline-block;width:6.93px"> </div>inherent<div style="display:inline-block;width:7.53px"> </div>in<div style="display:inline-block;width:6.72px"> </div>the<div style="display:inline-block;width:7.55px"> </div>given </div><div id="a134222" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:114.9px;">unconsolidated SE or risk-reducing<div style="display:inline-block;width:5.37px"> </div>effects of collateral or other credit enhancements. </div><div id="a134227" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:137.7px;">In<div style="display:inline-block;width:5.77px"> </div>2022<div style="display:inline-block;width:6.52px"> </div>and<div style="display:inline-block;width:5.63px"> </div>2021,<div style="display:inline-block;width:6.12px"> </div>the<div style="display:inline-block;width:5.72px"> </div>Group<div style="display:inline-block;width:5.79px"> </div>did<div style="display:inline-block;width:5.98px"> </div>not<div style="display:inline-block;width:5.93px"> </div>provide<div style="display:inline-block;width:5.59px"> </div>support,<div style="display:inline-block;width:6.33px"> </div>financial<div style="display:inline-block;width:5.41px"> </div>or<div style="display:inline-block;width:5.72px"> </div>otherwise,<div style="display:inline-block;width:6.4px"> </div>to<div style="display:inline-block;width:5.72px"> </div>any<div style="display:inline-block;width:5.94px"> </div>unconsolidated<div style="display:inline-block;width:6.58px"> </div>SE<div style="display:inline-block;width:5.67px"> </div>when<div style="display:inline-block;width:6.18px"> </div>not </div><div id="a134235" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:152.8px;">contractually obligated to do<div style="display:inline-block;width:5.27px"> </div>so, nor does the Group have any<div style="display:inline-block;width:4.91px"> </div>intention to do so<div style="display:inline-block;width:5.1px"> </div>in the future. </div><div id="a134245" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:175.5px;">In 2022<div style="display:inline-block;width:6.72px"> </div>and<div style="display:inline-block;width:5.16px"> </div>2021,<div style="display:inline-block;width:5.64px"> </div>income and<div style="display:inline-block;width:6.13px"> </div>expenses<div style="display:inline-block;width:5.03px"> </div>from interests<div style="display:inline-block;width:5.74px"> </div>in unconsolidated<div style="display:inline-block;width:6.31px"> </div>SEs primarily<div style="display:inline-block;width:5.78px"> </div>resulted from<div style="display:inline-block;width:6.04px"> </div>mark-to-market </div><div id="a134257" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:190.6px;">movements recognized<div style="display:inline-block;width:6.9px"> </div>in </div><div id="a134258" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:158.218px;top:190.4px;">Other net<div style="display:inline-block;width:6.56px"> </div>income<div style="display:inline-block;width:5.15px"> </div>from<div style="display:inline-block;width:5.42px"> </div>financial instruments<div style="display:inline-block;width:6.92px"> </div>measured<div style="display:inline-block;width:5.82px"> </div>at<div style="display:inline-block;width:5.05px"> </div>fair value<div style="display:inline-block;width:6.68px"> </div>through<div style="display:inline-block;width:5.43px"> </div>profit<div style="display:inline-block;width:5.04px"> </div>or<div style="display:inline-block;width:5.57px"> </div>loss</div><div id="a134262" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:682.045px;top:190.6px;">, </div><div id="a134263" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:206.3px;">which were generally hedged with other financial instruments, as well<div style="display:inline-block;width:1.93px"> </div>as fee and commission income received from UBS-</div><div id="a134267" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:221.4px;">sponsored funds. </div><div id="a134269" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:244.6px;">Interests in securitization vehicles </div><div id="a134271" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:259.7px;">As<div style="display:inline-block;width:5.88px"> </div>of<div style="display:inline-block;width:5.72px"> </div>31 December<div style="display:inline-block;width:5.63px"> </div>2022<div style="display:inline-block;width:6.52px"> </div>and<div style="display:inline-block;width:5.61px"> </div>31 December<div style="display:inline-block;width:5.62px"> </div>2021,<div style="display:inline-block;width:6.61px"> </div>the<div style="display:inline-block;width:5.72px"> </div>Group<div style="display:inline-block;width:5.79px"> </div>held<div style="display:inline-block;width:6.04px"> </div>interests,<div style="display:inline-block;width:5.79px"> </div>both<div style="display:inline-block;width:5.66px"> </div>retained<div style="display:inline-block;width:5.91px"> </div>and<div style="display:inline-block;width:6.14px"> </div>acquired,<div style="display:inline-block;width:6.17px"> </div>in<div style="display:inline-block;width:5.77px"> </div>various </div><div id="a134284" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:274.9px;">securitization vehicles that relate to<div style="display:inline-block;width:5.11px"> </div>financing, underwriting,<div style="display:inline-block;width:5.26px"> </div>secondary market and derivative trading<div style="display:inline-block;width:5.14px"> </div>activities. </div><div id="a134290" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:297.6px;">The numbers outlined in the table above may<div style="display:inline-block;width:2.3px"> </div>differ from the securitization positions presented in the 31 December 2022 </div><div id="a134301" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:312.7px;">Pillar 3<div style="display:inline-block;width:5.55px"> </div>Report,<div style="display:inline-block;width:6.11px"> </div>available<div style="display:inline-block;width:5.87px"> </div>under<div style="display:inline-block;width:6.13px"> </div>“Pillar 3<div style="display:inline-block;width:6.21px"> </div>disclosures”<div style="display:inline-block;width:6.78px"> </div>at </div><div id="a134311" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:330.925px;top:312.5px;">ubs.com/investors,</div><div id="a134313" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:438.338px;top:312.7px;"><div style="display:inline-block;width:5.68px"> </div>for<div style="display:inline-block;width:6.04px"> </div>the<div style="display:inline-block;width:6.2px"> </div>following<div style="display:inline-block;width:6.12px"> </div>reasons:<div style="display:inline-block;width:6.46px"> </div>(i) exclusion<div style="display:inline-block;width:5.95px"> </div>of </div><div id="a134319" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:328.3px;">synthetic securitizations<div style="display:inline-block;width:6.36px"> </div>transacted with<div style="display:inline-block;width:5.75px"> </div>entities that<div style="display:inline-block;width:5.41px"> </div>are not<div style="display:inline-block;width:6.12px"> </div>SEs and<div style="display:inline-block;width:5.76px"> </div>transactions in<div style="display:inline-block;width:5.34px"> </div>which the<div style="display:inline-block;width:5.56px"> </div>Group did<div style="display:inline-block;width:5.72px"> </div>not have<div style="display:inline-block;width:5.56px"> </div>an </div><div id="a134321" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:343.5px;">interest because it did not<div style="display:inline-block;width:5.14px"> </div>absorb any risk;<div style="display:inline-block;width:5.02px"> </div>(ii) a different measurement<div style="display:inline-block;width:5.29px"> </div>basis in certain<div style="display:inline-block;width:5.29px"> </div>cases (e.g., IFRS carrying<div style="display:inline-block;width:5.26px"> </div>amount </div><div id="a134329" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:359.1px;">within<div style="display:inline-block;width:6.29px"> </div>the<div style="display:inline-block;width:6.23px"> </div>previous<div style="display:inline-block;width:6.62px"> </div>table<div style="display:inline-block;width:6.09px"> </div>compared<div style="display:inline-block;width:6.49px"> </div>with<div style="display:inline-block;width:6.2px"> </div>net<div style="display:inline-block;width:6.2px"> </div>exposure<div style="display:inline-block;width:7.28px"> </div>amount<div style="display:inline-block;width:6.45px"> </div>at<div style="display:inline-block;width:5.99px"> </div>default<div style="display:inline-block;width:6.14px"> </div>for<div style="display:inline-block;width:6.04px"> </div>Pillar 3<div style="display:inline-block;width:7.06px"> </div>disclosures);<div style="display:inline-block;width:6.81px"> </div>and<div style="display:inline-block;width:6.55px"> </div>(iii) different </div><div id="a134340" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:374.2px;">classification of vehicles viewed as sponsored<div style="display:inline-block;width:6.03px"> </div>by the Group versus sponsored<div style="display:inline-block;width:5.03px"> </div>by third parties. </div><div id="a134342" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:385.9px;">›</div><div id="a134343" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:386.1px;"> </div><div id="a134344" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:390.8px;">Refer to the 31 December<div style="display:inline-block;width:0.96px"> </div>2022 Pillar 3 Report,<div style="display:inline-block;width:0.99px"> </div>available under “Pillar<div style="display:inline-block;width:0.72px"> </div>3 disclosures” at </div><div id="a134362" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:italic;left:464.378px;top:390.8px;">ubs.com/investors, </div><div id="a134365" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:561.392px;top:390.8px;">for more information</div></div><div id="TextBlockContainer870" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:373px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a134408" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Interests in client vehicles </div><div id="a134410" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.6px;">Client vehicles are<div style="display:inline-block;width:2.29px"> </div>established predominantly for clients to gain exposure to specific<div style="display:inline-block;width:1.35px"> </div>assets or risk exposures. Such vehicles </div><div id="a134420" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.8px;">may enter into derivative<div style="display:inline-block;width:5.05px"> </div>agreements,<div style="display:inline-block;width:4.62px"> </div>with UBS or a<div style="display:inline-block;width:5.49px"> </div>third party,<div style="display:inline-block;width:5.67px"> </div>to align the cash<div style="display:inline-block;width:5.38px"> </div>flows of the entity with<div style="display:inline-block;width:5.45px"> </div>the investor’s </div><div id="a134426" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:46.4px;">intended investment objective,<div style="display:inline-block;width:4.54px"> </div>or to introduce other<div style="display:inline-block;width:5.2px"> </div>desired risk exposures.<div style="display:inline-block;width:5.54px"> </div></div><div id="a134433" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:69.1px;">As of<div style="display:inline-block;width:5.12px"> </div>31 December 2022<div style="display:inline-block;width:5.12px"> </div>and 31 December 2021,<div style="display:inline-block;width:5.75px"> </div>the Group retained<div style="display:inline-block;width:5.4px"> </div>interests in client<div style="display:inline-block;width:5.12px"> </div>vehicles sponsored<div style="display:inline-block;width:5.19px"> </div>by UBS and </div><div id="a134449" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:84.2px;">third parties that relate to financing,<div style="display:inline-block;width:4.62px"> </div>secondary market and derivative<div style="display:inline-block;width:4.47px"> </div>trading activities,<div style="display:inline-block;width:4.73px"> </div>and to hedge structured product </div><div id="a134457" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.3px;">offerings. </div><div id="a134459" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:122.5px;">Interests in investment funds </div><div id="a134461" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:137.7px;">Investment funds have a<div style="display:inline-block;width:5.23px"> </div>collective investment objective,<div style="display:inline-block;width:5.39px"> </div>and are<div style="display:inline-block;width:5.07px"> </div>either passively managed,<div style="display:inline-block;width:5.92px"> </div>so that any decision<div style="display:inline-block;width:1.34px"> </div>-making </div><div id="a134465" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:152.8px;">does not have a substantive effect<div style="display:inline-block;width:5.15px"> </div>on variability,<div style="display:inline-block;width:5.79px"> </div>or are actively managed<div style="display:inline-block;width:5.61px"> </div>and investors or their governing bodies<div style="display:inline-block;width:5.3px"> </div>do not </div><div id="a134467" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:168.4px;">have substantive voting or similar rights<div style="display:inline-block;width:1.35px"> </div>. </div><div id="a134470" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:191.1px;">The Group holds interests<div style="display:inline-block;width:1.63px"> </div>in a<div style="display:inline-block;width:2.09px"> </div>number of investment funds,<div style="display:inline-block;width:2.57px"> </div>primarily resulting from<div style="display:inline-block;width:2.16px"> </div>seed investments or in<div style="display:inline-block;width:2.03px"> </div>order to hedge </div><div id="a134475" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:206.3px;">structured product<div style="display:inline-block;width:5.45px"> </div>offerings. In<div style="display:inline-block;width:5.37px"> </div>addition to<div style="display:inline-block;width:5.33px"> </div>the interests disclosed<div style="display:inline-block;width:5.26px"> </div>in the table<div style="display:inline-block;width:5.78px"> </div>above, the<div style="display:inline-block;width:5.19px"> </div>Group manages<div style="display:inline-block;width:5.72px"> </div>the assets of </div><div id="a134478" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:221.4px;">various pooled investment funds and<div style="display:inline-block;width:5.02px"> </div>receives fees based, in whole or<div style="display:inline-block;width:5.19px"> </div>in part, on the net asset value of the fund and / or </div><div id="a134485" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:237px;">the performance of the fund. The specific fee structure is<div style="display:inline-block;width:5.04px"> </div>determined based<div style="display:inline-block;width:5.12px"> </div>on various market factors and considers the </div><div id="a134488" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:252.1px;">fund’s nature<div style="display:inline-block;width:5.36px"> </div>and the jurisdiction of<div style="display:inline-block;width:5.49px"> </div>incorporation,<div style="display:inline-block;width:4.83px"> </div>as well as fee schedules<div style="display:inline-block;width:5.38px"> </div>negotiated with<div style="display:inline-block;width:5.37px"> </div>clients. These fee contracts </div><div id="a134498" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:267.8px;">represent an interest in the fund,<div style="display:inline-block;width:5.27px"> </div>as they align the Group’s exposure with investors,<div style="display:inline-block;width:5.03px"> </div>providing a variable return based on </div><div id="a134502" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:282.9px;">the performance<div style="display:inline-block;width:6.09px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>entity.<div style="display:inline-block;width:5.16px"> </div>Depending<div style="display:inline-block;width:5.79px"> </div>on<div style="display:inline-block;width:5.13px"> </div>the structure<div style="display:inline-block;width:5.71px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>fund,<div style="display:inline-block;width:5.29px"> </div>these fees<div style="display:inline-block;width:6.25px"> </div>may be<div style="display:inline-block;width:6.1px"> </div>collected<div style="display:inline-block;width:5.19px"> </div>directly<div style="display:inline-block;width:5.2px"> </div>from the </div><div id="a134504" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:298.1px;">fund’s assets and<div style="display:inline-block;width:5.06px"> </div>/ or from the investors. Any<div style="display:inline-block;width:5.11px"> </div>amounts due<div style="display:inline-block;width:5.11px"> </div>are collected on a regular<div style="display:inline-block;width:5.26px"> </div>basis and are generally<div style="display:inline-block;width:5.09px"> </div>backed by </div><div id="a134512" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:313.7px;">the fund’s<div style="display:inline-block;width:5.52px"> </div>assets. Therefore,<div style="display:inline-block;width:5.02px"> </div>interest in such<div style="display:inline-block;width:5.69px"> </div>funds is not<div style="display:inline-block;width:5.64px"> </div>represented by<div style="display:inline-block;width:5.03px"> </div>the on-balance sheet<div style="display:inline-block;width:5.66px"> </div>fee receivable but<div style="display:inline-block;width:5.74px"> </div>rather </div><div id="a134521" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:328.8px;">by<div style="display:inline-block;width:7.09px"> </div>the<div style="display:inline-block;width:7.14px"> </div>future<div style="display:inline-block;width:7.28px"> </div>exposure<div style="display:inline-block;width:7.63px"> </div>to<div style="display:inline-block;width:7.14px"> </div>variable<div style="display:inline-block;width:7.2px"> </div>fees.<div style="display:inline-block;width:7.09px"> </div>The<div style="display:inline-block;width:7.3px"> </div>total<div style="display:inline-block;width:7.36px"> </div>assets<div style="display:inline-block;width:7.09px"> </div>of<div style="display:inline-block;width:7.14px"> </div>such<div style="display:inline-block;width:7.56px"> </div>funds<div style="display:inline-block;width:7.6px"> </div>were<div style="display:inline-block;width:7.35px"> </div>USD </div><div id="a134521_81_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:509.818px;top:328.8px;">292</div><div id="a134521_84_11" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:532.045px;top:328.8px;">bn<div style="display:inline-block;width:7.5px"> </div>and<div style="display:inline-block;width:7.05px"> </div>USD </div><div id="a134521_95_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:611.072px;top:328.8px;">370</div><div id="a134521_98_9" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:633.298px;top:328.8px;">bn<div style="display:inline-block;width:7.03px"> </div>as<div style="display:inline-block;width:7.17px"> </div>of </div><div id="a134536" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:344.4px;">31 December 2022<div style="display:inline-block;width:5.12px"> </div>and 31 December 2021,<div style="display:inline-block;width:5.76px"> </div>respectively, and have been excluded<div style="display:inline-block;width:5.79px"> </div>from the table above.<div style="display:inline-block;width:5.04px"> </div>The Group<div style="display:inline-block;width:5.15px"> </div>did </div><div id="a134548" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:359.6px;">not have any material exposure<div style="display:inline-block;width:5.36px"> </div>to loss from these interests as of 31<div style="display:inline-block;width:5.43px"> </div>December 2022 or as of 31<div style="display:inline-block;width:5.16px"> </div>December 2021.</div></div> 1000000000 3000000000 1000000000 2000000000 38000000000 46000000000 <div id="TextBlockContainer865" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:502px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a133755" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Interests in unconsolidated structured<div style="display:inline-block;width:4.39px"> </div>entities </div><div id="a133761" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:479.702px;top:15.8px;">31.12.22 </div><div id="a133763" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:41.8px;">USD m, except where indicated </div><div id="a133766" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:344.395px;top:30.4px;">Securitization </div><div id="a133768" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:364.728px;top:41.8px;">vehicles </div><div id="a133770" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:437.115px;top:30.4px;">Client </div><div id="a133772" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:430.022px;top:41.8px;">vehicles </div><div id="a133774" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:488.688px;top:30.4px;">Investment </div><div id="a133776" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.582px;top:41.8px;">funds </div><div id="a133778" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:575.302px;top:41.8px;">Total </div><div id="a133780" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:642.475px;top:30.4px;">Maximum </div><div id="a133782" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:616.942px;top:41.8px;">exposure to loss</div><div id="a133783" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:675.622px;top:42.4px;">1</div><div id="a133785" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:56px;">Financial assets at fair value held for trading </div><div id="a133788_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.448px;top:56px;">278</div><div id="a133791_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:56px;">81</div><div id="a133794_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:506.688px;top:56px;">5,884</div><div id="a133797_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:571.515px;top:56px;">6,243</div><div id="a133800_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.702px;top:56px;">6,243</div><div id="a133803" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:72.5px;">Derivative financial instruments </div><div id="a133806_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:388.368px;top:72.5px;">3</div><div id="a133809_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:443.768px;top:72.5px;">160</div><div id="a133812_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:72.5px;">115</div><div id="a133815_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:578.608px;top:72.5px;">278</div><div id="a133818_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:663.795px;top:72.5px;">278</div><div id="a133821" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:88.6px;">Loans and advances to customers </div><div id="a133827_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:88.6px;">119</div><div id="a133830_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:578.608px;top:88.6px;">119</div><div id="a133833_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:663.795px;top:88.6px;">119</div><div id="a133836" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:105.2px;">Financial assets at fair value not held for trading </div><div id="a133841_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:105.2px;">225</div><div id="a133844_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:578.608px;top:105.2px;">225</div><div id="a133847_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:663.795px;top:105.2px;">225</div><div id="a133850" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:121.3px;">Financial assets measured at fair value through<div style="display:inline-block;width:4.15px"> </div>other comprehensive income</div><div id="a133851" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:280.955px;top:121.9px;">2</div><div id="a133859" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:137.8px;">Other financial assets measured at amortized cost</div><div id="a133860" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:184.462px;top:138.5px;">2</div><div id="a133863_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.448px;top:137.8px;">837</div><div id="a133866_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:433.808px;top:137.8px;">4,977</div><div id="a133868" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:455.595px;top:138.5px;">3 </div><div id="a133870_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:523.715px;top:137.8px;">2</div><div id="a133873_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:571.515px;top:137.8px;">5,817</div><div id="a133876_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.702px;top:137.8px;">6,066</div><div id="a133879" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:153.4px;">Total assets </div><div id="a133882_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:368.515px;top:153.4px;">1,118</div><div id="a133884" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:390.302px;top:154.1px;">4 </div><div id="a133886_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:436.635px;top:153.4px;">5,219</div><div id="a133889_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:506.688px;top:153.4px;">6,345</div><div id="a133892_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:566.782px;top:153.4px;">12,681</div><div id="a133896" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:169.5px;">Derivative financial instruments </div><div id="a133899_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:388.368px;top:169.5px;">1</div><div id="a133902_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:169.5px;">35</div><div id="a133905_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:169.5px;">763</div><div id="a133908_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:578.608px;top:169.5px;">798</div><div id="a133911_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:673.728px;top:169.5px;">2</div><div id="a133914" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:185.6px;">Total liabilities </div><div id="a133917_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:388.368px;top:185.6px;">1</div><div id="a133920_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:185.6px;">35</div><div id="a133923_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:185.6px;">763</div><div id="a133926_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:578.608px;top:185.6px;">798</div><div id="a133930" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:200.3px;">Assets held by the unconsolidated structured<div style="display:inline-block;width:4.34px"> </div>entities in which UBS had an interest </div><div id="a133931" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:212.1px;">(USD bn) </div><div id="a133934_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:380.328px;top:212.6px;">50</div><div id="a133936" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:390.302px;top:213.2px;">5 </div><div id="a133938_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:440.902px;top:212.6px;">107</div><div id="a133940" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:455.595px;top:213.2px;">6 </div><div id="a133942_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:510.955px;top:212.6px;">139</div><div id="a133944" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:525.608px;top:213.2px;">7 </div><div id="a133957" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:479.702px;top:242.8px;">31.12.21 </div><div id="a133959" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:268.9px;">USD m, except where indicated </div><div id="a133962" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.395px;top:257.5px;">Securitization </div><div id="a133964" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:364.728px;top:268.9px;">vehicles </div><div id="a133966" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:437.115px;top:257.5px;">Client </div><div id="a133968" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.022px;top:268.9px;">vehicles </div><div id="a133970" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:488.688px;top:257.5px;">Investment </div><div id="a133972" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:508.582px;top:268.9px;">funds </div><div id="a133974" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.302px;top:268.9px;">Total </div><div id="a133976" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:642.475px;top:257.5px;">Maximum </div><div id="a133978" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.942px;top:268.9px;">exposure to loss</div><div id="a133979" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:675.142px;top:269.5px;">1</div><div id="a133981" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:283.1px;">Financial assets at fair value held for trading </div><div id="a133984_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:378.448px;top:283.1px;">246</div><div id="a133987_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:443.768px;top:283.1px;">162</div><div id="a133990_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.688px;top:283.1px;">6,743</div><div id="a133993_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:283.1px;">7,151</div><div id="a133996_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:283.1px;">7,151</div><div id="a133999" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:299.6px;">Derivative financial instruments </div><div id="a134002_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.368px;top:299.6px;">5</div><div id="a134005_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.968px;top:299.6px;">45</div><div id="a134008_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.782px;top:299.6px;">155</div><div id="a134011_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.608px;top:299.6px;">205</div><div id="a134014_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:299.6px;">205</div><div id="a134017" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:315.7px;">Loans and advances to customers </div><div id="a134022_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.782px;top:315.7px;">125</div><div id="a134025_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.608px;top:315.7px;">125</div><div id="a134028_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:315.7px;">125</div><div id="a134031" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:332.3px;">Financial assets at fair value not held for trading </div><div id="a134034_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:383.648px;top:332.3px;">35</div><div id="a134038_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.782px;top:332.3px;">222</div><div id="a134041_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.608px;top:332.3px;">257</div><div id="a134044_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:332.3px;">257</div><div id="a134047" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:348.4px;">Financial assets measured at fair value through<div style="display:inline-block;width:4.15px"> </div>other comprehensive income </div><div id="a134051_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:378.448px;top:348.4px;">324</div><div id="a134054_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:436.635px;top:348.4px;">4,525</div><div id="a134058_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:348.4px;">4,849</div><div id="a134061_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:348.4px;">4,849</div><div id="a134064" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:364.9px;">Other financial assets measured at amortized cost </div><div id="a134068_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:450.862px;top:364.9px;">0</div><div id="a134070" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:455.595px;top:365.6px;">3 </div><div id="a134072_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.715px;top:364.9px;">0</div><div id="a134075_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:364.9px;">1</div><div id="a134078_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:364.9px;">250</div><div id="a134081" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:380.5px;">Total assets </div><div id="a134084_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:376.075px;top:380.5px;">610</div><div id="a134086" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:390.302px;top:381.2px;">4 </div><div id="a134088_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:436.635px;top:380.5px;">4,732</div><div id="a134091_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.688px;top:380.5px;">7,247</div><div id="a134094_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:380.5px;">12,588</div><div id="a134098" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:396.6px;">Derivative financial instruments </div><div id="a134101_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.368px;top:396.6px;">2</div><div id="a134104_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.968px;top:396.6px;">11</div><div id="a134107_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.782px;top:396.6px;">281</div><div id="a134110_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.608px;top:396.6px;">294</div><div id="a134114" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:412.7px;">Total liabilities </div><div id="a134117_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.368px;top:412.7px;">2</div><div id="a134120_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.968px;top:412.7px;">11</div><div id="a134123_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.782px;top:412.7px;">281</div><div id="a134126_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.608px;top:412.7px;">294</div><div id="a134130" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:427.4px;">Assets held by the unconsolidated structured<div style="display:inline-block;width:4.34px"> </div>entities in which UBS had an interest </div><div id="a134131" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:439.2px;">(USD bn) </div><div id="a134134_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:380.808px;top:439.7px;">30</div><div id="a134136" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:390.302px;top:440.3px;">5 </div><div id="a134138_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:446.128px;top:439.7px;">81</div><div id="a134140" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:455.595px;top:440.3px;">6 </div><div id="a134142_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.422px;top:439.7px;">158</div><div id="a134144" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:525.608px;top:440.3px;">7 </div><div id="a134148" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:453.3px;">1 For the purpose of this<div style="display:inline-block;width:3.8px"> </div>disclosure, maximum exposure<div style="display:inline-block;width:4.07px"> </div>to loss amounts do not consider<div style="display:inline-block;width:3.75px"> </div>the risk-reducing effects<div style="display:inline-block;width:3.68px"> </div>of collateral or other credit<div style="display:inline-block;width:4px"> </div>enhancements.<div style="display:inline-block;width:9.31px"> </div>2 Effective<div style="display:inline-block;width:3.39px"> </div>1 April 2022, a portfolio of assets<div style="display:inline-block;width:3.69px"> </div>previously </div><div id="a134156" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:463.2px;">classified as Financial assets measured<div style="display:inline-block;width:3.49px"> </div>at fair value through other comprehensive<div style="display:inline-block;width:4.4px"> </div>income was reclassified to<div style="display:inline-block;width:3.46px"> </div>Other financial assets<div style="display:inline-block;width:3.57px"> </div>measured at amortized cost. Refer<div style="display:inline-block;width:3.48px"> </div>to Note 1b for more information.<div style="display:inline-block;width:9.53px"> </div>3 Includes the </div><div id="a134160" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:473.6px;">carrying amount of loan commitments. The<div style="display:inline-block;width:3.45px"> </div>maximum exposure to loss for these instruments is equal to the notional amount.<div style="display:inline-block;width:8.15px"> </div>4 As of 31 December 2022, USD </div><div id="a134160_154_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:501.968px;top:473.6px;">0.1</div><div id="a134160_157_14" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:512.372px;top:473.6px;">bn of the USD </div><div id="a134160_171_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:557.795px;top:473.6px;">1.1</div><div id="a134160_174_26" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:568.199px;top:473.6px;">bn (31 December 2021: USD </div><div id="a134160_200_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:660.008px;top:473.6px;">0.1</div><div id="a134160_203_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:670.885px;top:473.6px;">bn </div><div id="a134171" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:483.5px;">of the USD </div><div id="a134171_11_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:39.179px;top:483.5px;">0.6</div><div id="a134171_14_201" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:50.056px;top:483.5px;">bn) was held in Group Functions<div style="display:inline-block;width:4.01px"> </div>– Non-core and Legacy<div style="display:inline-block;width:3.64px"> </div>Portfolio.<div style="display:inline-block;width:9.28px"> </div>5 Represents the principal<div style="display:inline-block;width:3.49px"> </div>amount outstanding.<div style="display:inline-block;width:9.45px"> </div>6 Represents the market<div style="display:inline-block;width:3.97px"> </div>value of total assets.<div style="display:inline-block;width:9.61px"> </div>7 Represents the<div style="display:inline-block;width:3.49px"> </div>net asset value </div><div id="a134183" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:494px;">of the investment funds sponsored<div style="display:inline-block;width:3.92px"> </div>by UBS and the carrying amount<div style="display:inline-block;width:3.75px"> </div>of UBS’s interests<div style="display:inline-block;width:3.62px"> </div>in the investment funds<div style="display:inline-block;width:3.62px"> </div>not sponsored by UBS.</div></div> 278000000 81000000 5884000000 6243000000 6243000000 3000000 160000000 115000000 278000000 278000000 119000000 119000000 119000000 225000000 225000000 225000000 837000000 4977000000 2000000 5817000000 6066000000 1118000000 5219000000 6345000000 12681000000 1000000 35000000 763000000 798000000 2000000 1000000 35000000 763000000 798000000 50000000000 107000000000 139000000000 246000000 162000000 6743000000 7151000000 7151000000 5000000 45000000 155000000 205000000 205000000 125000000 125000000 125000000 35000000 222000000 257000000 257000000 324000000 4525000000 4849000000 4849000000 0 0 1000000 250000000 610000000 4732000000 7247000000 12588000000 2000000 11000000 281000000 294000000 2000000 11000000 281000000 294000000 30000000000 81000000000 158000000000 100000000 1100000000 100000000 600000000 292000000000 370000000000 <div id="TextBlockContainer872" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:513px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a134562" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 29<div style="display:inline-block;width:8.21px"> </div>Changes in organization and acquisitions and disposals<div style="display:inline-block;width:5.51px"> </div>of subsidiaries and<div style="display:inline-block;width:5.05px"> </div>businesses<div style="display:inline-block;width:4.63px"> </div></div><div id="a134567" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#E60000;left:4.905px;top:35px;">Disposals of subsidiaries and businesses </div><div id="a134569" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:58.1px;">Sale of UBS Swiss Financial Advisers AG </div><div id="a134572" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:73.2px;">In the<div style="display:inline-block;width:5.93px"> </div>third quarter<div style="display:inline-block;width:6.43px"> </div>of 2022,<div style="display:inline-block;width:6.74px"> </div>UBS<div style="display:inline-block;width:5.08px"> </div>completed the<div style="display:inline-block;width:5.82px"> </div>sale<div style="display:inline-block;width:5.15px"> </div>of its<div style="display:inline-block;width:6.09px"> </div>wholly owned<div style="display:inline-block;width:6.59px"> </div>subsidiary UBS<div style="display:inline-block;width:6.28px"> </div>Swiss Financial<div style="display:inline-block;width:6.04px"> </div>Advisers<div style="display:inline-block;width:5.2px"> </div>AG </div><div id="a134573" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:88.8px;">(SFA) to Vontobel. UBS continues to refer US clients that want to have<div style="display:inline-block;width:2.16px"> </div>discretionary portfolio management or investment </div><div id="a134575" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:103.9px;">advisory services booked<div style="display:inline-block;width:6.39px"> </div>in Switzerland<div style="display:inline-block;width:5.2px"> </div>to Vontobel<div style="display:inline-block;width:6.12px"> </div>SFA.<div style="display:inline-block;width:5.04px"> </div>Upon<div style="display:inline-block;width:5.02px"> </div>completion of the<div style="display:inline-block;width:5.6px"> </div>sale, UBS<div style="display:inline-block;width:5.24px"> </div>recorded a<div style="display:inline-block;width:5.41px"> </div>pre-tax gain<div style="display:inline-block;width:5.77px"> </div>of </div><div id="a134578" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:119.1px;">USD </div><div id="a134578_4_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:33.312px;top:119.1px;">86</div><div id="a134578_6_35" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:48.445px;top:119.1px;">m in 2022, which was recognized in </div><div id="a134585" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:258.072px;top:118.8px;">Other income</div><div id="a134586" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:335.178px;top:119.1px;">. </div><div id="a134588" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:142.3px;">Prior to completion of the sale, the assets and liabilities that were subject to the transaction were presented as a disposal </div><div id="a134590" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:157.4px;">group held<div style="display:inline-block;width:5.56px"> </div>for sale within </div><div id="a134591" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:157.752px;top:157.1px;">Other non-financial assets</div><div id="a134594" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:304.912px;top:157.4px;"><div style="display:inline-block;width:4.27px"> </div>and </div><div id="a134596" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:335.178px;top:157.1px;">Other non-financial liabilities</div><div id="a134599" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:498.458px;top:157.4px;"><div style="display:inline-block;width:4.25px"> </div>(31 December 2021:<div style="display:inline-block;width:5.74px"> </div>USD </div><div id="a134599_24_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:652.698px;top:157.4px;">446</div><div id="a134599_27_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:674.952px;top:157.4px;">m </div><div id="a134606" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:172.6px;">and USD </div><div id="a134606_8_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:58.848px;top:172.6px;">475</div><div id="a134606_11_18" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:81.106px;top:172.6px;">m, respectively). </div><div id="a134612" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:195.7px;">Sale of wealth management business<div style="display:inline-block;width:5.11px"> </div>in Spain </div><div id="a134617" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:210.9px;">UBS completed<div style="display:inline-block;width:5.66px"> </div>the sale of<div style="display:inline-block;width:6.02px"> </div>its domestic<div style="display:inline-block;width:5.41px"> </div>wealth<div style="display:inline-block;width:5.25px"> </div>management business<div style="display:inline-block;width:5.63px"> </div>in Spain<div style="display:inline-block;width:5.7px"> </div>to Singular<div style="display:inline-block;width:5.6px"> </div>Bank in<div style="display:inline-block;width:5.34px"> </div>the third<div style="display:inline-block;width:5.59px"> </div>quarter of </div><div id="a134619" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:226px;">2022. The sale<div style="display:inline-block;width:1.81px"> </div>included<div style="display:inline-block;width:3.26px"> </div>the transition<div style="display:inline-block;width:2.03px"> </div>of employees, client<div style="display:inline-block;width:1.89px"> </div>relationships, products and services<div style="display:inline-block;width:2.32px"> </div>of the<div style="display:inline-block;width:2.09px"> </div>wealth management </div><div id="a134627" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:241.2px;">business of UBS<div style="display:inline-block;width:5.04px"> </div>in Spain and resulted in a pre-tax gain of<div style="display:inline-block;width:5.13px"> </div>USD </div><div id="a134627_63_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:361.698px;top:241.2px;">133</div><div id="a134627_66_35" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:384.398px;top:241.2px;">m in 2022, which was recognized in </div><div id="a134635" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:593.552px;top:240.9px;">Other income</div><div id="a134636" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:671.165px;top:241.2px;">. </div><div id="a134638" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:264.3px;">Prior to completion of the sale, the assets and liabilities that were subject to the transaction were presented as a disposal </div><div id="a134640" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:279.5px;">group held<div style="display:inline-block;width:5.56px"> </div>for sale within </div><div id="a134641" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:157.752px;top:279.2px;">Other non-financial assets</div><div id="a134644" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:304.912px;top:279.5px;"><div style="display:inline-block;width:4.27px"> </div>and </div><div id="a134646" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:335.178px;top:279.2px;">Other non-financial liabilities</div><div id="a134649" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:498.458px;top:279.5px;"><div style="display:inline-block;width:4.25px"> </div>(31 December 2021:<div style="display:inline-block;width:5.8px"> </div>USD </div><div id="a134649_24_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:652.698px;top:279.5px;">647</div><div id="a134649_27_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:674.925px;top:279.5px;">m </div><div id="a134656" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:294.6px;">and USD </div><div id="a134656_8_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:58.848px;top:294.6px;">823</div><div id="a134656_11_18" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:81.074px;top:294.6px;">m, respectively). </div><div id="a134661" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:317.8px;">Sale of US alternative investments administration<div style="display:inline-block;width:5.65px"> </div>business </div><div id="a134665" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:332.9px;">In the<div style="display:inline-block;width:5.93px"> </div>fourth quarter<div style="display:inline-block;width:5.87px"> </div>of 2022,<div style="display:inline-block;width:6.74px"> </div>UBS<div style="display:inline-block;width:5.08px"> </div>sold<div style="display:inline-block;width:5.08px"> </div>its US<div style="display:inline-block;width:5.88px"> </div>alternative investments<div style="display:inline-block;width:6.03px"> </div>administration<div style="display:inline-block;width:6.08px"> </div>business<div style="display:inline-block;width:5.57px"> </div>and<div style="display:inline-block;width:5.13px"> </div>recorded<div style="display:inline-block;width:5.34px"> </div>a pre<div style="display:inline-block;width:1.37px"> </div>-tax </div><div id="a134672" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:348.1px;">gain of USD </div><div id="a134672_12_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:77.292px;top:348.1px;">41</div><div id="a134672_14_10" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:91.952px;top:348.1px;">m gain in </div><div id="a134675" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:149.232px;top:347.8px;">Other income</div><div id="a134676" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.352px;top:348.1px;">. </div><div id="a134678" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:370.8px;">Sale of investments in associates and<div style="display:inline-block;width:5.32px"> </div>joint ventures </div><div id="a134680" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:385.9px;">UBS sold its minority<div style="display:inline-block;width:2.24px"> </div>investment (49%) in its Japanese real estate<div style="display:inline-block;width:2.26px"> </div>joint venture, Mitsubishi Corp.-UBS Realty Inc., in 2022. </div><div id="a134684" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:398.1px;">›</div><div id="a134685" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:398.3px;"> </div><div id="a134686" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:403px;">Refer to Note 28b<div style="display:inline-block;width:1.54px"> </div>for more information </div><div id="a134689" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#E60000;left:4.905px;top:431px;">Acquisitions of subsidiaries and<div style="display:inline-block;width:5.09px"> </div>businesses </div><div id="a134691" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:454px;">Wealthfront </div><div id="a134693" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:469.2px;">In August<div style="display:inline-block;width:5.11px"> </div>2022, UBS and<div style="display:inline-block;width:5.19px"> </div>Wealthfront mutually agreed<div style="display:inline-block;width:5.75px"> </div>to terminate their<div style="display:inline-block;width:5.21px"> </div>merger agreement, under<div style="display:inline-block;width:5.89px"> </div>which Wealthfront </div><div id="a134695" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:484.8px;">was to be acquired by UBS Americas Inc. In the third quarter of 2022, UBS purchased a USD </div><div id="a134695_90_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:527.778px;top:484.8px;">69.7</div><div id="a134695_94_24" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:554.261px;top:484.8px;">m note convertible into </div><div id="a134698" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:499.9px;">Wealthfront shares.</div></div> 86000000 446000000 475000000 133000000 647000000 823000000 41000000 69700000 <div id="TextBlockContainer874" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:166px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a134735" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note</div><div id="a134736" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#006600;left:35.202px;top:0px;"> </div><div id="a134737" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:38.986px;top:0px;">30<div style="display:inline-block;width:7.97px"> </div>Related parties</div></div><div id="TextBlockContainer876" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:171px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a134742" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">UBS defines related parties as associates (entities that<div style="display:inline-block;width:1.96px"> </div>are significantly influenced by<div style="display:inline-block;width:3.1px"> </div>UBS), joint ventures (entities in which </div><div id="a134751" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">UBS shares control with another party), post<div style="display:inline-block;width:1.36px"> </div>-employment benefit plans for UBS employees, key management personnel, </div><div id="a134755" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">close<div style="display:inline-block;width:5.62px"> </div>family<div style="display:inline-block;width:5.43px"> </div>members<div style="display:inline-block;width:5.94px"> </div>of<div style="display:inline-block;width:5.72px"> </div>key<div style="display:inline-block;width:5.47px"> </div>management<div style="display:inline-block;width:5.82px"> </div>personnel<div style="display:inline-block;width:6.28px"> </div>and<div style="display:inline-block;width:5.61px"> </div>entities<div style="display:inline-block;width:5.16px"> </div>that<div style="display:inline-block;width:5.6px"> </div>are,<div style="display:inline-block;width:5.87px"> </div>directly<div style="display:inline-block;width:6.14px"> </div>or<div style="display:inline-block;width:5.72px"> </div>indirectly,<div style="display:inline-block;width:6.61px"> </div>controlled<div style="display:inline-block;width:6.11px"> </div>or<div style="display:inline-block;width:5.72px"> </div>jointly </div><div id="a134760" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.4px;">controlled<div style="display:inline-block;width:6.48px"> </div>by<div style="display:inline-block;width:6.15px"> </div>key<div style="display:inline-block;width:5.95px"> </div>management<div style="display:inline-block;width:6.29px"> </div>personnel<div style="display:inline-block;width:6.75px"> </div>or<div style="display:inline-block;width:6.2px"> </div>their<div style="display:inline-block;width:5.94px"> </div>close<div style="display:inline-block;width:6.09px"> </div>family<div style="display:inline-block;width:5.43px"> </div>members.<div style="display:inline-block;width:6.52px"> </div>Key<div style="display:inline-block;width:5.9px"> </div>management<div style="display:inline-block;width:6.77px"> </div>personnel<div style="display:inline-block;width:7.13px"> </div>is<div style="display:inline-block;width:5.62px"> </div>defined<div style="display:inline-block;width:6.5px"> </div>as </div><div id="a134763" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">members of the Board of Directors<div style="display:inline-block;width:5.28px"> </div>(the BoD) and<div style="display:inline-block;width:5.34px"> </div>Group Executive Board (the<div style="display:inline-block;width:5.03px"> </div>GEB). </div><div id="a134769" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;"> </div><div id="a134770" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:4.905px;top:99.5px;">a) Remuneration of key<div style="display:inline-block;width:5.46px"> </div>management personnel </div><div id="a134775" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:126.8px;">The<div style="display:inline-block;width:5.44px"> </div>Vice Chairman<div style="display:inline-block;width:6.44px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>BoD<div style="display:inline-block;width:5.29px"> </div>has<div style="display:inline-block;width:5.45px"> </div>a<div style="display:inline-block;width:5.2px"> </div>specific management<div style="display:inline-block;width:6.55px"> </div>employment<div style="display:inline-block;width:5.54px"> </div>contract<div style="display:inline-block;width:5.21px"> </div>and<div style="display:inline-block;width:6.08px"> </div>receives pension<div style="display:inline-block;width:7.1px"> </div>benefits<div style="display:inline-block;width:5.24px"> </div>upon </div><div id="a134782" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:142.4px;">retirement. Total<div style="display:inline-block;width:6.63px"> </div>remuneration<div style="display:inline-block;width:5.18px"> </div>of the Chairman<div style="display:inline-block;width:5.69px"> </div>and the Vice Chairman<div style="display:inline-block;width:5.78px"> </div>of the BoD and<div style="display:inline-block;width:5.66px"> </div>all GEB members<div style="display:inline-block;width:5.09px"> </div>is included in </div><div id="a134788" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:157.5px;">the table below.</div></div><div id="TextBlockContainer880" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:198px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_878_XBRL_TS_b7f163e4643247809d4fddeb5af77b47" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer879" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:198px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a134794" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Remuneration of key management<div style="display:inline-block;width:4.59px"> </div>personnel </div><div id="a134799" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:15.3px;">USD m, except where indicated </div><div id="a134801" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:509.062px;top:15.3px;">31.12.22 </div><div id="a134803" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.195px;top:15.3px;">31.12.21 </div><div id="a134805" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.315px;top:15.3px;">31.12.20 </div><div id="a134807" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:30.4px;">Base salaries and other cash payments</div><div id="a134808" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:143.755px;top:31.1px;">1</div><div id="a134810_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:533.182px;top:30.4px;">27</div><div id="a134813_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.342px;top:30.4px;">31</div><div id="a134816_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.475px;top:30.4px;">33</div><div id="a134819" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:46.5px;">Incentive awards – cash</div><div id="a134823" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:90.755px;top:47.1px;">2</div><div id="a134825_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:533.182px;top:46.5px;">17</div><div id="a134828_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.342px;top:46.5px;">17</div><div id="a134831_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.475px;top:46.5px;">18</div><div id="a134834" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:63.1px;">Annual incentive award under DCCP </div><div id="a134836_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:533.182px;top:63.1px;">25</div><div id="a134839_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.342px;top:63.1px;">26</div><div id="a134842_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.475px;top:63.1px;">27</div><div id="a134845" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:79.2px;">Employer’s contributions to retirement<div style="display:inline-block;width:3.75px"> </div>benefit plans </div><div id="a134847_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:537.902px;top:79.2px;">2</div><div id="a134850_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:606.062px;top:79.2px;">3</div><div id="a134853_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.195px;top:79.2px;">3</div><div id="a134856" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:95.7px;">Benefits in kind, fringe benefits (at market<div style="display:inline-block;width:3.75px"> </div>value) </div><div id="a134858_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:537.902px;top:95.7px;">1</div><div id="a134861_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:606.062px;top:95.7px;">1</div><div id="a134864_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.195px;top:95.7px;">1</div><div id="a134867" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:111.8px;">Share-based compensation</div><div id="a134870" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:101.635px;top:112.4px;">3</div><div id="a134872_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:533.182px;top:111.8px;">45</div><div id="a134875_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.342px;top:111.8px;">45</div><div id="a134878_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.475px;top:111.8px;">47</div><div id="a134881" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:127.4px;">Total </div><div id="a134883_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.982px;top:127.4px;">118</div><div id="a134886_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:127.4px;">124</div><div id="a134889_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:127.4px;">129</div><div id="a134892" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:144px;">Total (CHF m)</div><div id="a134893" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:53.839px;top:144.6px;">4</div><div id="a134895_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.982px;top:144px;">114</div><div id="a134898_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:144px;">113</div><div id="a134901_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:144px;">121</div><div id="a134904" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:159.5px;">1 May include role-based<div style="display:inline-block;width:3.42px"> </div>allowances in line<div style="display:inline-block;width:3.78px"> </div>with market practice<div style="display:inline-block;width:4.27px"> </div>and regulatory requirements.<div style="display:inline-block;width:10.73px"> </div>2 The cash<div style="display:inline-block;width:3.5px"> </div>portion may also include<div style="display:inline-block;width:3.77px"> </div>blocked shares in<div style="display:inline-block;width:3.85px"> </div>line with regulatory<div style="display:inline-block;width:3.47px"> </div>requirements.<div style="display:inline-block;width:9.45px"> </div>3 Compensation<div style="display:inline-block;width:3.62px"> </div>expense </div><div id="a134910" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:169.4px;">is based on the<div style="display:inline-block;width:4.1px"> </div>share price on<div style="display:inline-block;width:3.79px"> </div>grant date<div style="display:inline-block;width:3.48px"> </div>taking into<div style="display:inline-block;width:3.46px"> </div>account perform<div style="display:inline-block;width:1.54px"> </div>ance conditions.<div style="display:inline-block;width:3.94px"> </div>Refer to Note<div style="display:inline-block;width:3.94px"> </div>27 for<div style="display:inline-block;width:3.49px"> </div>more information.<div style="display:inline-block;width:3.44px"> </div>For GEB<div style="display:inline-block;width:3.78px"> </div>members, share<div style="display:inline-block;width:2.05px"> </div>-based compensation<div style="display:inline-block;width:3.46px"> </div>for 2022,<div style="display:inline-block;width:3.68px"> </div>2021 and 2020<div style="display:inline-block;width:4.06px"> </div>was entirely </div><div id="a134914" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:179.8px;">composed of LTIP<div style="display:inline-block;width:3.6px"> </div>awards. For the<div style="display:inline-block;width:3.64px"> </div>Chairman of the BoD the share<div style="display:inline-block;width:1.71px"> </div>-based compensation for 2022,<div style="display:inline-block;width:3.68px"> </div>2021 and 2020 was<div style="display:inline-block;width:3.59px"> </div>entirely composed of<div style="display:inline-block;width:3.58px"> </div>UBS shares.<div style="display:inline-block;width:9.15px"> </div>4 Swiss franc amounts disclosed<div style="display:inline-block;width:3.79px"> </div>represent the respective<div style="display:inline-block;width:3.47px"> </div>US </div><div id="a134918" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:189.7px;">dollar amounts translated at<div style="display:inline-block;width:3.47px"> </div>the applicable performance<div style="display:inline-block;width:3.8px"> </div>award currency exchange<div style="display:inline-block;width:3.5px"> </div>rates (2022: USD /<div style="display:inline-block;width:3.38px"> </div>CHF </div><div id="a134918_103_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:339.912px;top:189.7px;">0.96</div><div id="a134918_107_18" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:354.572px;top:189.7px;">; 2021: USD / CHF </div><div id="a134918_125_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:414.408px;top:189.7px;">0.92</div><div id="a134918_129_18" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:429.068px;top:189.7px;">; 2020: USD / CHF </div><div id="a134918_147_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:489.127px;top:189.7px;">0.94</div><div id="a134918_151_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:503.787px;top:189.7px;">).</div></div></div></div><div id="TextBlockContainer882" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:98px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a134923" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">The independent members of the BoD<div style="display:inline-block;width:1.78px"> </div>,<div style="display:inline-block;width:3.89px"> </div>including the Chairman, do not have employment or service contracts<div style="display:inline-block;width:5.6px"> </div>with UBS, </div><div id="a134928" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">and thus are not entitled to benefits upon termination of their service on the BoD. Payments to<div style="display:inline-block;width:2.19px"> </div>these individuals for their </div><div id="a134932" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.7px;">services as independent<div style="display:inline-block;width:6.42px"> </div>members of the<div style="display:inline-block;width:5.33px"> </div>BoD amounted<div style="display:inline-block;width:5.95px"> </div>to USD </div><div id="a134932_59_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:374.938px;top:30.7px;">11.1</div><div id="a134932_63_7" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:400.978px;top:30.7px;">m (CHF </div><div id="a134932_70_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:447.796px;top:30.7px;">10.7</div><div id="a134932_74_16" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:473.806px;top:30.7px;">m) in 2022,<div style="display:inline-block;width:5.97px"> </div>USD </div><div id="a134932_90_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:573.219px;top:30.7px;">7.5</div><div id="a134932_93_7" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:592.125px;top:30.7px;">m (CHF </div><div id="a134932_100_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:638.512px;top:30.7px;">6.9</div><div id="a134932_103_6" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:656.955px;top:30.7px;">m) in </div><div id="a134958" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.3px;">2021 and USD </div><div id="a134958_13_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:91.978px;top:46.3px;">7.0</div><div id="a134958_16_7" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:110.905px;top:46.3px;">m (CHF </div><div id="a134958_23_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:156.325px;top:46.3px;">6.6</div><div id="a134958_26_12" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:175.241px;top:46.3px;">m) in 2020. </div><div id="a134971" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;"> </div><div id="a134972" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:4.905px;top:83.9px;">b) Equity holdings of key management<div style="display:inline-block;width:5.9px"> </div>personnel</div></div><div id="TextBlockContainer886" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:687px;height:68px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_884_XBRL_TS_59aab5786f0f4cc0932f22e1da99fb53" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer885" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:687px;height:68px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a134977" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:2.8px;">Equity holdings of key management<div style="display:inline-block;width:4.61px"> </div>personnel</div><div id="a134978" style="position:absolute;font-family:'Frutiger';font-size:6.148px;font-weight:bold;font-style:normal;left:224.182px;top:3.5px;">1</div><div id="a134983" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:578.128px;top:18.6px;">31.12.22 </div><div id="a134985" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:646.262px;top:18.6px;">31.12.21 </div><div id="a134987" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:34.2px;">Number of UBS Group AG shares held by members of the<div style="display:inline-block;width:3.76px"> </div>BoD, GEB and parties closely<div style="display:inline-block;width:3.91px"> </div>linked to them</div><div id="a134989" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:374.182px;top:34.9px;">2</div><div id="a134991_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:573.408px;top:34.2px;-sec-ix-hidden:ID_3096;">3,009,686</div><div id="a134994_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:641.542px;top:34.2px;">4,597,006</div><div id="a134997" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:49.7px;">1 No options were held in<div style="display:inline-block;width:3.47px"> </div>2022 and 2021<div style="display:inline-block;width:3.59px"> </div>by non-independent members<div style="display:inline-block;width:4.1px"> </div>of the BoD and any GEB<div style="display:inline-block;width:3.65px"> </div>member or any of<div style="display:inline-block;width:3.47px"> </div>its related parties.<div style="display:inline-block;width:10.1px"> </div>2 Excludes shares<div style="display:inline-block;width:3.49px"> </div>granted under variable<div style="display:inline-block;width:3.95px"> </div>compensation plans with<div style="display:inline-block;width:3.62px"> </div>forfeiture </div><div id="a135001" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:59.7px;">provisions.</div></div></div></div><div id="TextBlockContainer888" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:225px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a135004" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Of the share totals above, no shares<div style="display:inline-block;width:5.09px"> </div>were held by close family members of key management personnel<div style="display:inline-block;width:5.29px"> </div>on 31 December </div><div id="a135011" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">2022 and 31 December 2021. No shares were held<div style="display:inline-block;width:2.18px"> </div>by entities that<div style="display:inline-block;width:2.21px"> </div>are directly or indirectly controlled or jointly controlled </div><div id="a135019" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">by<div style="display:inline-block;width:5.67px"> </div>key<div style="display:inline-block;width:5.47px"> </div>management<div style="display:inline-block;width:5.82px"> </div>personnel<div style="display:inline-block;width:6.28px"> </div>or<div style="display:inline-block;width:5.25px"> </div>their<div style="display:inline-block;width:5.47px"> </div>close<div style="display:inline-block;width:5.78px"> </div>family members<div style="display:inline-block;width:7.22px"> </div>on<div style="display:inline-block;width:6.08px"> </div>31 December<div style="display:inline-block;width:5.65px"> </div>2022<div style="display:inline-block;width:6.07px"> </div>and<div style="display:inline-block;width:5.13px"> </div>31 December<div style="display:inline-block;width:6.06px"> </div>2021.<div style="display:inline-block;width:5.69px"> </div>As<div style="display:inline-block;width:5.4px"> </div>of </div><div id="a135030" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.9px;">31 December<div style="display:inline-block;width:5.08px"> </div>2022,<div style="display:inline-block;width:5.7px"> </div>no<div style="display:inline-block;width:5.13px"> </div>member of<div style="display:inline-block;width:5.57px"> </div>the BoD<div style="display:inline-block;width:6.39px"> </div>or GEB<div style="display:inline-block;width:5.93px"> </div>was the<div style="display:inline-block;width:5.98px"> </div>beneficial owner<div style="display:inline-block;width:6.34px"> </div>of more<div style="display:inline-block;width:6.44px"> </div>than 1%<div style="display:inline-block;width:6.23px"> </div>of<div style="display:inline-block;width:5.07px"> </div>the shares<div style="display:inline-block;width:6.21px"> </div>in UBS </div><div id="a135037" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">Group AG.<div style="display:inline-block;width:4.66px"> </div></div><div id="a135040" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;"> </div><div id="a135041" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:4.905px;top:99.5px;">c) Loans, advances and mortgages to<div style="display:inline-block;width:5.04px"> </div>key management<div style="display:inline-block;width:5.53px"> </div>personnel </div><div id="a135046" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:126.8px;">The non<div style="display:inline-block;width:1.42px"> </div>-independent members<div style="display:inline-block;width:5.04px"> </div>of the BoD<div style="display:inline-block;width:6.07px"> </div>and GEB members<div style="display:inline-block;width:5.23px"> </div>are granted<div style="display:inline-block;width:5.36px"> </div>loans, fixed<div style="display:inline-block;width:5.5px"> </div>advances and<div style="display:inline-block;width:5.29px"> </div>mortgages in<div style="display:inline-block;width:5.13px"> </div>the </div><div id="a135055" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:141.9px;">ordinary<div style="display:inline-block;width:6.38px"> </div>course<div style="display:inline-block;width:6.25px"> </div>of<div style="display:inline-block;width:6.2px"> </div>business<div style="display:inline-block;width:6.8px"> </div>on<div style="display:inline-block;width:6.55px"> </div>substantially<div style="display:inline-block;width:6.03px"> </div>the<div style="display:inline-block;width:6.2px"> </div>same<div style="display:inline-block;width:6.04px"> </div>terms<div style="display:inline-block;width:6.21px"> </div>and<div style="display:inline-block;width:6.55px"> </div>conditions<div style="display:inline-block;width:6.64px"> </div>that<div style="display:inline-block;width:6.04px"> </div>are<div style="display:inline-block;width:6.23px"> </div>available<div style="display:inline-block;width:6.31px"> </div>to<div style="display:inline-block;width:6.2px"> </div>other<div style="display:inline-block;width:6.25px"> </div>employees, </div><div id="a135056" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:157.5px;">including interest rates and collateral,<div style="display:inline-block;width:1.89px"> </div>and neither involve more than the<div style="display:inline-block;width:2.26px"> </div>normal risk of collectability<div style="display:inline-block;width:2.14px"> </div>nor contain any other </div><div id="a135064" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:172.7px;">unfavorable features for the firm. Independent BoD members are granted loans and mortgages in the ordinary course of </div><div id="a135065" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:188.3px;">business at general market conditions. </div><div id="a135067" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:211px;">Movements in the loan, advances and<div style="display:inline-block;width:5.37px"> </div>mortgage balances are as follows.</div></div><div id="TextBlockContainer892" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:133px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_890_XBRL_TS_66377bbc54fa4fc68621f3a93e7754e4" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer891" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:133px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a135114" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:2.8px;">Loans, advances and mortgages<div style="display:inline-block;width:4.25px"> </div>to key management personnel</div><div id="a135115" style="position:absolute;font-family:'Frutiger';font-size:6.148px;font-weight:bold;font-style:normal;left:301.328px;top:3.5px;">1</div><div id="a135117" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:18.6px;">USD m, except where indicated </div><div id="a135119" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:18.6px;">2022 </div><div id="a135121" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.542px;top:18.6px;">2021 </div><div id="a135123" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:34.2px;">Balance at the beginning of the year </div><div id="a135125_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.342px;top:34.2px;">34</div><div id="a135128_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.475px;top:34.2px;">38</div><div id="a135131" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:50.8px;">Additions </div><div id="a135133_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:606.062px;top:50.8px;">8</div><div id="a135136_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.475px;top:50.8px;">11</div><div id="a135139" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:66.9px;">Reductions </div><div id="a135141_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.342px;top:66.9px;display:flex;">(9)</div><div id="a135144_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:66.9px;display:flex;">(15)</div><div id="a135147" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:83px;">Balance at the end of the year</div><div id="a135148" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:113.928px;top:83.6px;">2</div><div id="a135150_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.342px;top:83px;">33</div><div id="a135153_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.475px;top:83px;">34</div><div id="a135156" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:99.1px;">Balance at the end of the year (CHF<div style="display:inline-block;width:4.07px"> </div>m)</div><div id="a135157" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:145.648px;top:99.7px;">2, 3</div><div id="a135159_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.342px;top:99.1px;">31</div><div id="a135162_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.475px;top:99.1px;">31</div><div id="a135165" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:114.6px;">1 All loans are secured loans.<div style="display:inline-block;width:10.27px"> </div>2 There were no<div style="display:inline-block;width:3.81px"> </div>unused uncommitted credit<div style="display:inline-block;width:3.61px"> </div>facilities as of 31 December<div style="display:inline-block;width:3.85px"> </div>2022 and 31 December<div style="display:inline-block;width:3.44px"> </div>2021.<div style="display:inline-block;width:9.04px"> </div>3 Swiss franc amounts<div style="display:inline-block;width:4.12px"> </div>disclosed represent the respective<div style="display:inline-block;width:4.09px"> </div>US dollar amounts </div><div id="a135171" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:124.5px;">translated at the relevant year-end<div style="display:inline-block;width:4.11px"> </div>closing exchange<div style="display:inline-block;width:3.47px"> </div>rate.</div></div></div></div><div id="TextBlockContainer894" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:155px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a135176" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">d) Other related-party<div style="display:inline-block;width:5.03px"> </div>transactions with entities controlled by<div style="display:inline-block;width:5.22px"> </div>key management personnel </div><div id="a135180" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.3px;">In 202<div style="display:inline-block;width:1.79px"> </div>2<div style="display:inline-block;width:4.93px"> </div>and<div style="display:inline-block;width:5.13px"> </div>2021, UBS<div style="display:inline-block;width:6.13px"> </div>did<div style="display:inline-block;width:5.03px"> </div>not enter<div style="display:inline-block;width:5.93px"> </div>into transactions<div style="display:inline-block;width:6.34px"> </div>with<div style="display:inline-block;width:5.25px"> </div>entities that<div style="display:inline-block;width:6.36px"> </div>are<div style="display:inline-block;width:5.29px"> </div>directly<div style="display:inline-block;width:5.2px"> </div>or<div style="display:inline-block;width:5.25px"> </div>indirectly<div style="display:inline-block;width:5.29px"> </div>controlled<div style="display:inline-block;width:5.53px"> </div>or jointly </div><div id="a135186" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.9px;">controlled<div style="display:inline-block;width:8.37px"> </div>by<div style="display:inline-block;width:8.04px"> </div>UBS’s<div style="display:inline-block;width:8.55px"> </div>key<div style="display:inline-block;width:7.84px"> </div>management </div><div id="a135187" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:241.992px;top:42.9px;">personnel</div><div id="a135188" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:297.818px;top:42.9px;"> </div><div id="a135189" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:305.858px;top:42.9px;">or<div style="display:inline-block;width:8.09px"> </div>their<div style="display:inline-block;width:7.83px"> </div>close<div style="display:inline-block;width:8.46px"> </div>family<div style="display:inline-block;width:8.27px"> </div>members<div style="display:inline-block;width:8.78px"> </div>and<div style="display:inline-block;width:8.44px"> </div>as<div style="display:inline-block;width:8.09px"> </div>of<div style="display:inline-block;width:8.09px"> </div>31</div><div id="a135190" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:583.618px;top:42.9px;"> </div><div id="a135191" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:586.925px;top:42.9px;">December<div style="display:inline-block;width:7.89px"> </div>202</div><div id="a135192" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:674.952px;top:42.9px;">2</div><div id="a135193" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:682.045px;top:42.9px;">, </div><div id="a135194" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:58px;">31</div><div id="a135195" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:58px;"> </div><div id="a135196" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:23.821px;top:58px;">December<div style="display:inline-block;width:7.89px"> </div>20</div><div id="a135197" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:104.285px;top:58px;">21</div><div id="a135198" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:119.418px;top:58px;"> </div><div id="a135199" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:127.445px;top:58px;">and<div style="display:inline-block;width:7.97px"> </div>31</div><div id="a135200" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:171.938px;top:58px;"> </div><div id="a135201" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:175.725px;top:58px;">December<div style="display:inline-block;width:7.89px"> </div>20</div><div id="a135202" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:256.178px;top:58px;">20</div><div id="a135203" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:271.312px;top:58px;">,</div><div id="a135204" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:275.098px;top:58px;"> </div><div id="a135205" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:283.138px;top:58px;">there<div style="display:inline-block;width:8.17px"> </div>were<div style="display:inline-block;width:8.23px"> </div>no<div style="display:inline-block;width:8.44px"> </div>outstanding<div style="display:inline-block;width:8.42px"> </div>balances<div style="display:inline-block;width:7.71px"> </div>related<div style="display:inline-block;width:8.54px"> </div>to<div style="display:inline-block;width:8.09px"> </div>such<div style="display:inline-block;width:8.29px"> </div>transactions. </div><div id="a135206" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:73.7px;">Furthermore, in 202<div style="display:inline-block;width:1.44px"> </div>2<div style="display:inline-block;width:4.01px"> </div>and 2021, entities controlled by key management personnel<div style="display:inline-block;width:5.52px"> </div>did not sell any goods or provide<div style="display:inline-block;width:5.15px"> </div>any </div><div id="a135212" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:88.8px;">services to<div style="display:inline-block;width:5.74px"> </div>UBS,<div style="display:inline-block;width:5.19px"> </div>and therefore<div style="display:inline-block;width:5.98px"> </div>did<div style="display:inline-block;width:5.03px"> </div>not receive<div style="display:inline-block;width:5.13px"> </div>any fees<div style="display:inline-block;width:5.68px"> </div>from<div style="display:inline-block;width:5.18px"> </div>UBS.<div style="display:inline-block;width:5.19px"> </div>UBS<div style="display:inline-block;width:5.08px"> </div>also did<div style="display:inline-block;width:5.53px"> </div>not provide<div style="display:inline-block;width:5.94px"> </div>services to<div style="display:inline-block;width:5.74px"> </div>such entities<div style="display:inline-block;width:5.77px"> </div>in </div><div id="a135214" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:103.9px;">2022<div style="display:inline-block;width:4.62px"> </div>and 2021, and therefore also received<div style="display:inline-block;width:5.31px"> </div>no fees. </div><div id="a135221" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:119.6px;"> </div><div id="a135222" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:141.9px;">e) Transactions with associates and<div style="display:inline-block;width:5.21px"> </div>joint ventures</div></div><div id="TextBlockContainer898" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:266px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_896_XBRL_TS_374d85f67cce4969a8b339e06a3e7706" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer897" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:266px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a135224" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Loans to and outstanding<div style="display:inline-block;width:4.19px"> </div>receivables from associates and joint<div style="display:inline-block;width:4.2px"> </div>ventures </div><div id="a135229" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:15.8px;">USD m </div><div id="a135232" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:15.8px;">2022 </div><div id="a135234" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.542px;top:15.8px;">2021 </div><div id="a135236" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:31.4px;">Carrying amount at the beginning of the year </div><div id="a135239_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:31.4px;">251</div><div id="a135242_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:31.4px;">630</div><div id="a135245" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:47.9px;">Additions </div><div id="a135248_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:47.9px;">402</div><div id="a135251_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:47.9px;">133</div><div id="a135254" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:64px;">Reductions </div><div id="a135257_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:64px;display:flex;">(438)</div><div id="a135260_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.542px;top:64px;display:flex;">(497)</div><div id="a135263" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:80.6px;">Foreign currency translation </div><div id="a135266_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:606.062px;top:80.6px;">1</div><div id="a135269_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:80.6px;display:flex;">(14)</div><div id="a135272" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:96.7px;">Carrying amount at the end of the year<div style="display:inline-block;width:3.83px"> </div></div><div id="a135275_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:96.7px;">217</div><div id="a135278_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:96.7px;">251</div><div id="a135281" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:113.2px;">of which: unsecured loans and receivables </div><div id="a135284_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:596.102px;top:113.2px;">209</div><div id="a135287_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:113.2px;">243</div><div id="a135298" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:160.4px;">Other transactions with associates and joint<div style="display:inline-block;width:4.25px"> </div>ventures </div><div id="a135305" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.422px;top:175.7px;">As of or for the year ended </div><div id="a135307" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:191.3px;">USD m </div><div id="a135310" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:577.195px;top:191.3px;">31.12.22 </div><div id="a135312" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.315px;top:191.3px;">31.12.21 </div><div id="a135314" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:207.4px;">Payments to associates and joint ventures for goods<div style="display:inline-block;width:3.86px"> </div>and services received </div><div id="a135317_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:207.4px;">138</div><div id="a135320_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:207.4px;">157</div><div id="a135323" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:223.4px;">Fees received for services provided to<div style="display:inline-block;width:3.79px"> </div>associates and joint ventures </div><div id="a135327_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:606.062px;top:223.4px;">4</div><div id="a135330_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:223.4px;">104</div><div id="a135333" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:240px;">Liabilities to associates and joint ventures </div><div id="a135336_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.342px;top:240px;">90</div><div id="a135339_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:240px;">127</div><div id="a135342" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:256.1px;">Commitments and contingent liabilities to associates and<div style="display:inline-block;width:3.78px"> </div>joint ventures </div><div id="a135345_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:606.062px;top:256.1px;">7</div><div id="a135348_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.195px;top:256.1px;">7</div></div></div></div><div id="TextBlockContainer900" style="position:relative;font-family:'Frutiger';font-size:10.877px;color:#000000;line-height:normal;width:416px;height:11px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a135353" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.029px;top:0px;">Refer to Note 28<div style="display:inline-block;width:1.6px"> </div>for an overview<div style="display:inline-block;width:1.62px"> </div>of investments<div style="display:inline-block;width:1.5px"> </div>in associates and<div style="display:inline-block;width:1.56px"> </div>joint ventures</div></div> <div id="TextBlockContainer879" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:198px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a134794" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Remuneration of key management<div style="display:inline-block;width:4.59px"> </div>personnel </div><div id="a134799" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:15.3px;">USD m, except where indicated </div><div id="a134801" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:509.062px;top:15.3px;">31.12.22 </div><div id="a134803" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.195px;top:15.3px;">31.12.21 </div><div id="a134805" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.315px;top:15.3px;">31.12.20 </div><div id="a134807" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:30.4px;">Base salaries and other cash payments</div><div id="a134808" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:143.755px;top:31.1px;">1</div><div id="a134810_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:533.182px;top:30.4px;">27</div><div id="a134813_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.342px;top:30.4px;">31</div><div id="a134816_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.475px;top:30.4px;">33</div><div id="a134819" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:46.5px;">Incentive awards – cash</div><div id="a134823" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:90.755px;top:47.1px;">2</div><div id="a134825_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:533.182px;top:46.5px;">17</div><div id="a134828_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.342px;top:46.5px;">17</div><div id="a134831_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.475px;top:46.5px;">18</div><div id="a134834" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:63.1px;">Annual incentive award under DCCP </div><div id="a134836_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:533.182px;top:63.1px;">25</div><div id="a134839_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.342px;top:63.1px;">26</div><div id="a134842_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.475px;top:63.1px;">27</div><div id="a134845" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:79.2px;">Employer’s contributions to retirement<div style="display:inline-block;width:3.75px"> </div>benefit plans </div><div id="a134847_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:537.902px;top:79.2px;">2</div><div id="a134850_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:606.062px;top:79.2px;">3</div><div id="a134853_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.195px;top:79.2px;">3</div><div id="a134856" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:95.7px;">Benefits in kind, fringe benefits (at market<div style="display:inline-block;width:3.75px"> </div>value) </div><div id="a134858_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:537.902px;top:95.7px;">1</div><div id="a134861_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:606.062px;top:95.7px;">1</div><div id="a134864_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.195px;top:95.7px;">1</div><div id="a134867" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:111.8px;">Share-based compensation</div><div id="a134870" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:101.635px;top:112.4px;">3</div><div id="a134872_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:533.182px;top:111.8px;">45</div><div id="a134875_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.342px;top:111.8px;">45</div><div id="a134878_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.475px;top:111.8px;">47</div><div id="a134881" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:127.4px;">Total </div><div id="a134883_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.982px;top:127.4px;">118</div><div id="a134886_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:127.4px;">124</div><div id="a134889_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:127.4px;">129</div><div id="a134892" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:144px;">Total (CHF m)</div><div id="a134893" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:53.839px;top:144.6px;">4</div><div id="a134895_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.982px;top:144px;">114</div><div id="a134898_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:144px;">113</div><div id="a134901_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:144px;">121</div><div id="a134904" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:159.5px;">1 May include role-based<div style="display:inline-block;width:3.42px"> </div>allowances in line<div style="display:inline-block;width:3.78px"> </div>with market practice<div style="display:inline-block;width:4.27px"> </div>and regulatory requirements.<div style="display:inline-block;width:10.73px"> </div>2 The cash<div style="display:inline-block;width:3.5px"> </div>portion may also include<div style="display:inline-block;width:3.77px"> </div>blocked shares in<div style="display:inline-block;width:3.85px"> </div>line with regulatory<div style="display:inline-block;width:3.47px"> </div>requirements.<div style="display:inline-block;width:9.45px"> </div>3 Compensation<div style="display:inline-block;width:3.62px"> </div>expense </div><div id="a134910" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:169.4px;">is based on the<div style="display:inline-block;width:4.1px"> </div>share price on<div style="display:inline-block;width:3.79px"> </div>grant date<div style="display:inline-block;width:3.48px"> </div>taking into<div style="display:inline-block;width:3.46px"> </div>account perform<div style="display:inline-block;width:1.54px"> </div>ance conditions.<div style="display:inline-block;width:3.94px"> </div>Refer to Note<div style="display:inline-block;width:3.94px"> </div>27 for<div style="display:inline-block;width:3.49px"> </div>more information.<div style="display:inline-block;width:3.44px"> </div>For GEB<div style="display:inline-block;width:3.78px"> </div>members, share<div style="display:inline-block;width:2.05px"> </div>-based compensation<div style="display:inline-block;width:3.46px"> </div>for 2022,<div style="display:inline-block;width:3.68px"> </div>2021 and 2020<div style="display:inline-block;width:4.06px"> </div>was entirely </div><div id="a134914" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:179.8px;">composed of LTIP<div style="display:inline-block;width:3.6px"> </div>awards. For the<div style="display:inline-block;width:3.64px"> </div>Chairman of the BoD the share<div style="display:inline-block;width:1.71px"> </div>-based compensation for 2022,<div style="display:inline-block;width:3.68px"> </div>2021 and 2020 was<div style="display:inline-block;width:3.59px"> </div>entirely composed of<div style="display:inline-block;width:3.58px"> </div>UBS shares.<div style="display:inline-block;width:9.15px"> </div>4 Swiss franc amounts disclosed<div style="display:inline-block;width:3.79px"> </div>represent the respective<div style="display:inline-block;width:3.47px"> </div>US </div><div id="a134918" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:189.7px;">dollar amounts translated at<div style="display:inline-block;width:3.47px"> </div>the applicable performance<div style="display:inline-block;width:3.8px"> </div>award currency exchange<div style="display:inline-block;width:3.5px"> </div>rates (2022: USD /<div style="display:inline-block;width:3.38px"> </div>CHF </div><div id="a134918_103_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:339.912px;top:189.7px;">0.96</div><div id="a134918_107_18" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:354.572px;top:189.7px;">; 2021: USD / CHF </div><div id="a134918_125_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:414.408px;top:189.7px;">0.92</div><div id="a134918_129_18" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:429.068px;top:189.7px;">; 2020: USD / CHF </div><div id="a134918_147_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:489.127px;top:189.7px;">0.94</div><div id="a134918_151_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:503.787px;top:189.7px;">).</div></div> 27000000 31000000 33000000 17000000 17000000 18000000 25000000 26000000 27000000 2000000 3000000 3000000 1000000 1000000 1000000 45000000 45000000 47000000 118000000 124000000 129000000 114000000 113000000 121000000 0.96 0.92 0.94 11100000 10700000 7500000 6900000 7000000.0 6600000 <div id="TextBlockContainer885" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:687px;height:68px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a134977" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:2.8px;">Equity holdings of key management<div style="display:inline-block;width:4.61px"> </div>personnel</div><div id="a134978" style="position:absolute;font-family:'Frutiger';font-size:6.148px;font-weight:bold;font-style:normal;left:224.182px;top:3.5px;">1</div><div id="a134983" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:578.128px;top:18.6px;">31.12.22 </div><div id="a134985" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:646.262px;top:18.6px;">31.12.21 </div><div id="a134987" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:34.2px;">Number of UBS Group AG shares held by members of the<div style="display:inline-block;width:3.76px"> </div>BoD, GEB and parties closely<div style="display:inline-block;width:3.91px"> </div>linked to them</div><div id="a134989" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:374.182px;top:34.9px;">2</div><div id="a134991_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:573.408px;top:34.2px;-sec-ix-hidden:ID_3096;">3,009,686</div><div id="a134994_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:641.542px;top:34.2px;">4,597,006</div><div id="a134997" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:49.7px;">1 No options were held in<div style="display:inline-block;width:3.47px"> </div>2022 and 2021<div style="display:inline-block;width:3.59px"> </div>by non-independent members<div style="display:inline-block;width:4.1px"> </div>of the BoD and any GEB<div style="display:inline-block;width:3.65px"> </div>member or any of<div style="display:inline-block;width:3.47px"> </div>its related parties.<div style="display:inline-block;width:10.1px"> </div>2 Excludes shares<div style="display:inline-block;width:3.49px"> </div>granted under variable<div style="display:inline-block;width:3.95px"> </div>compensation plans with<div style="display:inline-block;width:3.62px"> </div>forfeiture </div><div id="a135001" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:59.7px;">provisions.</div></div> 4597006 <div id="TextBlockContainer891" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:133px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a135114" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:2.8px;">Loans, advances and mortgages<div style="display:inline-block;width:4.25px"> </div>to key management personnel</div><div id="a135115" style="position:absolute;font-family:'Frutiger';font-size:6.148px;font-weight:bold;font-style:normal;left:301.328px;top:3.5px;">1</div><div id="a135117" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:18.6px;">USD m, except where indicated </div><div id="a135119" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:18.6px;">2022 </div><div id="a135121" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.542px;top:18.6px;">2021 </div><div id="a135123" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:34.2px;">Balance at the beginning of the year </div><div id="a135125_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.342px;top:34.2px;">34</div><div id="a135128_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.475px;top:34.2px;">38</div><div id="a135131" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:50.8px;">Additions </div><div id="a135133_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:606.062px;top:50.8px;">8</div><div id="a135136_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.475px;top:50.8px;">11</div><div id="a135139" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:66.9px;">Reductions </div><div id="a135141_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.342px;top:66.9px;display:flex;">(9)</div><div id="a135144_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:66.9px;display:flex;">(15)</div><div id="a135147" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:83px;">Balance at the end of the year</div><div id="a135148" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:113.928px;top:83.6px;">2</div><div id="a135150_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.342px;top:83px;">33</div><div id="a135153_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.475px;top:83px;">34</div><div id="a135156" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:99.1px;">Balance at the end of the year (CHF<div style="display:inline-block;width:4.07px"> </div>m)</div><div id="a135157" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:145.648px;top:99.7px;">2, 3</div><div id="a135159_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.342px;top:99.1px;">31</div><div id="a135162_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.475px;top:99.1px;">31</div><div id="a135165" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:114.6px;">1 All loans are secured loans.<div style="display:inline-block;width:10.27px"> </div>2 There were no<div style="display:inline-block;width:3.81px"> </div>unused uncommitted credit<div style="display:inline-block;width:3.61px"> </div>facilities as of 31 December<div style="display:inline-block;width:3.85px"> </div>2022 and 31 December<div style="display:inline-block;width:3.44px"> </div>2021.<div style="display:inline-block;width:9.04px"> </div>3 Swiss franc amounts<div style="display:inline-block;width:4.12px"> </div>disclosed represent the respective<div style="display:inline-block;width:4.09px"> </div>US dollar amounts </div><div id="a135171" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:124.5px;">translated at the relevant year-end<div style="display:inline-block;width:4.11px"> </div>closing exchange<div style="display:inline-block;width:3.47px"> </div>rate.</div></div> 34000000 38000000 8000000 11000000 9000000 15000000 33000000 34000000 31000000 31000000 <div id="TextBlockContainer897" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:266px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a135224" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Loans to and outstanding<div style="display:inline-block;width:4.19px"> </div>receivables from associates and joint<div style="display:inline-block;width:4.2px"> </div>ventures </div><div id="a135229" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:15.8px;">USD m </div><div id="a135232" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:15.8px;">2022 </div><div id="a135234" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.542px;top:15.8px;">2021 </div><div id="a135236" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:31.4px;">Carrying amount at the beginning of the year </div><div id="a135239_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:31.4px;">251</div><div id="a135242_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:31.4px;">630</div><div id="a135245" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:47.9px;">Additions </div><div id="a135248_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:47.9px;">402</div><div id="a135251_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:47.9px;">133</div><div id="a135254" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:64px;">Reductions </div><div id="a135257_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:64px;display:flex;">(438)</div><div id="a135260_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.542px;top:64px;display:flex;">(497)</div><div id="a135263" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:80.6px;">Foreign currency translation </div><div id="a135266_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:606.062px;top:80.6px;">1</div><div id="a135269_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:80.6px;display:flex;">(14)</div><div id="a135272" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:96.7px;">Carrying amount at the end of the year<div style="display:inline-block;width:3.83px"> </div></div><div id="a135275_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:96.7px;">217</div><div id="a135278_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:96.7px;">251</div><div id="a135281" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:113.2px;">of which: unsecured loans and receivables </div><div id="a135284_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:596.102px;top:113.2px;">209</div><div id="a135287_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:113.2px;">243</div><div id="a135298" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:160.4px;">Other transactions with associates and joint<div style="display:inline-block;width:4.25px"> </div>ventures </div><div id="a135305" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.422px;top:175.7px;">As of or for the year ended </div><div id="a135307" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:191.3px;">USD m </div><div id="a135310" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:577.195px;top:191.3px;">31.12.22 </div><div id="a135312" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.315px;top:191.3px;">31.12.21 </div><div id="a135314" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:207.4px;">Payments to associates and joint ventures for goods<div style="display:inline-block;width:3.86px"> </div>and services received </div><div id="a135317_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:207.4px;">138</div><div id="a135320_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:207.4px;">157</div><div id="a135323" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:223.4px;">Fees received for services provided to<div style="display:inline-block;width:3.79px"> </div>associates and joint ventures </div><div id="a135327_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:606.062px;top:223.4px;">4</div><div id="a135330_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:223.4px;">104</div><div id="a135333" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:240px;">Liabilities to associates and joint ventures </div><div id="a135336_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.342px;top:240px;">90</div><div id="a135339_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:240px;">127</div><div id="a135342" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:256.1px;">Commitments and contingent liabilities to associates and<div style="display:inline-block;width:3.78px"> </div>joint ventures </div><div id="a135345_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:606.062px;top:256.1px;">7</div><div id="a135348_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.195px;top:256.1px;">7</div></div> 251000000 630000000 402000000 133000000 438000000 497000000 1000000 -14000000 217000000 251000000 209000000 243000000 138000000 157000000 4000000 104000000 90000000 127000000 7000000 7000000 <div id="TextBlockContainer902" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:201px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a135365" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 31<div style="display:inline-block;width:8.21px"> </div>Invested assets and net new money<div style="display:inline-block;width:5.15px"> </div></div><div id="a135371" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:27.3px;">The<div style="display:inline-block;width:6.35px"> </div>following<div style="display:inline-block;width:6.6px"> </div>disclosures<div style="display:inline-block;width:6.58px"> </div>provide<div style="display:inline-block;width:6.66px"> </div>a<div style="display:inline-block;width:6.62px"> </div>breakdown<div style="display:inline-block;width:7.15px"> </div>of<div style="display:inline-block;width:6.2px"> </div>UBS’s<div style="display:inline-block;width:6.75px"> </div>invested<div style="display:inline-block;width:6.14px"> </div>assets<div style="display:inline-block;width:6.61px"> </div>and<div style="display:inline-block;width:6.62px"> </div>a<div style="display:inline-block;width:6.15px"> </div>presentation<div style="display:inline-block;width:6.68px"> </div>of<div style="display:inline-block;width:6.67px"> </div>their<div style="display:inline-block;width:5.94px"> </div>development, </div><div id="a135380" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:42.9px;">including net new money,<div style="display:inline-block;width:6.32px"> </div>as required by the Swiss<div style="display:inline-block;width:5.07px"> </div>Financial Market Supervisory Authority<div style="display:inline-block;width:5.1px"> </div>(FINMA).</div><div id="a135383" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:569.432px;top:42.6px;"> </div><div id="a135384" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#E60000;left:4.905px;top:72.9px;">Invested assets </div><div id="a135386" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:95.9px;">Invested assets<div style="display:inline-block;width:5.77px"> </div>consist of<div style="display:inline-block;width:5.87px"> </div>all client<div style="display:inline-block;width:5.68px"> </div>assets<div style="display:inline-block;width:5.2px"> </div>managed<div style="display:inline-block;width:5.18px"> </div>by or<div style="display:inline-block;width:5.83px"> </div>deposited with<div style="display:inline-block;width:5.96px"> </div>UBS<div style="display:inline-block;width:5.08px"> </div>for investment<div style="display:inline-block;width:5.36px"> </div>purposes.<div style="display:inline-block;width:5.59px"> </div>Invested<div style="display:inline-block;width:5.1px"> </div>assets </div><div id="a135388" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:111.5px;">include managed<div style="display:inline-block;width:6.43px"> </div>fund assets,<div style="display:inline-block;width:5.86px"> </div>managed institutional<div style="display:inline-block;width:5.74px"> </div>assets,<div style="display:inline-block;width:5.05px"> </div>discretionary<div style="display:inline-block;width:5.06px"> </div>and<div style="display:inline-block;width:5.13px"> </div>advisory wealth<div style="display:inline-block;width:5.62px"> </div>management portfolios, </div><div id="a135392" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:126.6px;">fiduciary deposits, time deposits, savings<div style="display:inline-block;width:5.52px"> </div>accounts, and wealth management securities<div style="display:inline-block;width:5.53px"> </div>or brokerage accounts. All assets </div><div id="a135393" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:142.3px;">held<div style="display:inline-block;width:8.34px"> </div>for<div style="display:inline-block;width:7.97px"> </div>purely<div style="display:inline-block;width:8.7px"> </div>transactional<div style="display:inline-block;width:8.3px"> </div>purposes<div style="display:inline-block;width:8.79px"> </div>and<div style="display:inline-block;width:8.44px"> </div>custody-only<div style="display:inline-block;width:8.72px"> </div>assets,<div style="display:inline-block;width:8.61px"> </div>including<div style="display:inline-block;width:8.54px"> </div>corporate<div style="display:inline-block;width:8.46px"> </div>client<div style="display:inline-block;width:8.62px"> </div>assets<div style="display:inline-block;width:8.03px"> </div>held<div style="display:inline-block;width:8.81px"> </div>for<div style="display:inline-block;width:7.94px"> </div>cash </div><div id="a135397" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:157.4px;">management and<div style="display:inline-block;width:6.33px"> </div>transactional purposes,<div style="display:inline-block;width:6.9px"> </div>are excluded<div style="display:inline-block;width:5.96px"> </div>from invested<div style="display:inline-block;width:6.23px"> </div>assets, as<div style="display:inline-block;width:5.93px"> </div>the<div style="display:inline-block;width:5.25px"> </div>Group<div style="display:inline-block;width:5.32px"> </div>only administers<div style="display:inline-block;width:5.71px"> </div>the assets </div><div id="a135398" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:173px;">and does not<div style="display:inline-block;width:5.1px"> </div>offer advice on<div style="display:inline-block;width:5.49px"> </div>how they<div style="display:inline-block;width:4.85px"> </div>should be invested.<div style="display:inline-block;width:5.05px"> </div>Also excluded<div style="display:inline-block;width:5.23px"> </div>are non-bankable<div style="display:inline-block;width:5.08px"> </div>assets (e.g., art<div style="display:inline-block;width:5.24px"> </div>collections) </div><div id="a135402" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:188.1px;">and deposits from third-party<div style="display:inline-block;width:5.27px"> </div>banks for funding<div style="display:inline-block;width:5.09px"> </div>or trading purposes.</div></div><div id="TextBlockContainer904" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:327px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a135447" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Discretionary assets<div style="display:inline-block;width:6.02px"> </div>are defined<div style="display:inline-block;width:6.21px"> </div>as client<div style="display:inline-block;width:5.12px"> </div>assets that<div style="display:inline-block;width:5.67px"> </div>UBS decides<div style="display:inline-block;width:5.81px"> </div>how to<div style="display:inline-block;width:5.39px"> </div>invest. Other<div style="display:inline-block;width:5.47px"> </div>invested assets<div style="display:inline-block;width:5.77px"> </div>are those<div style="display:inline-block;width:5.69px"> </div>where </div><div id="a135449" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">the client ultimately<div style="display:inline-block;width:5.27px"> </div>decides how<div style="display:inline-block;width:5.49px"> </div>the assets are<div style="display:inline-block;width:5.54px"> </div>invested. When<div style="display:inline-block;width:5.13px"> </div>a single<div style="display:inline-block;width:5.08px"> </div>product is created<div style="display:inline-block;width:5.35px"> </div>in one business<div style="display:inline-block;width:5.62px"> </div>division and </div><div id="a135450" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">sold<div style="display:inline-block;width:5.55px"> </div>in<div style="display:inline-block;width:5.3px"> </div>another,<div style="display:inline-block;width:5.4px"> </div>it is<div style="display:inline-block;width:6.41px"> </div>counted<div style="display:inline-block;width:5.18px"> </div>in both<div style="display:inline-block;width:6.8px"> </div>the business<div style="display:inline-block;width:6.67px"> </div>division<div style="display:inline-block;width:5.34px"> </div>managing<div style="display:inline-block;width:5.75px"> </div>the<div style="display:inline-block;width:5.25px"> </div>investment and<div style="display:inline-block;width:6.82px"> </div>the one<div style="display:inline-block;width:6.23px"> </div>distributing<div style="display:inline-block;width:5.49px"> </div>it.<div style="display:inline-block;width:5.05px"> </div>This </div><div id="a135452" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.4px;">results<div style="display:inline-block;width:6.75px"> </div>in<div style="display:inline-block;width:6.72px"> </div>double<div style="display:inline-block;width:7.33px"> </div>counting<div style="display:inline-block;width:7.17px"> </div>within<div style="display:inline-block;width:6.77px"> </div>UBS’s<div style="display:inline-block;width:7.13px"> </div>total<div style="display:inline-block;width:6.41px"> </div>invested<div style="display:inline-block;width:7.09px"> </div>assets<div style="display:inline-block;width:7.09px"> </div>and<div style="display:inline-block;width:7.03px"> </div>net<div style="display:inline-block;width:6.67px"> </div>new<div style="display:inline-block;width:6.93px"> </div>money,<div style="display:inline-block;width:7.52px"> </div>as<div style="display:inline-block;width:6.67px"> </div>both<div style="display:inline-block;width:7.07px"> </div>business<div style="display:inline-block;width:7.27px"> </div>divisions<div style="display:inline-block;width:6.81px"> </div>are </div><div id="a135453" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">independently providing<div style="display:inline-block;width:5.22px"> </div>a service to their respective clients, and both<div style="display:inline-block;width:5.48px"> </div>add value and generate revenue. </div><div id="a135456" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#E60000;left:4.905px;top:91.5px;">Net new money </div><div id="a135458" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:115px;">Net new money in a reporting<div style="display:inline-block;width:5.24px"> </div>period is the amount of invested assets<div style="display:inline-block;width:5.09px"> </div>entrusted to UBS by new<div style="display:inline-block;width:5.11px"> </div>and existing clients, less </div><div id="a135459" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:130.1px;">those withdrawn by existing clients and<div style="display:inline-block;width:5.46px"> </div>clients who terminated relationships<div style="display:inline-block;width:5.45px"> </div>with UBS. </div><div id="a135461" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:153.3px;">Net<div style="display:inline-block;width:5.2px"> </div>new<div style="display:inline-block;width:5.07px"> </div>money is<div style="display:inline-block;width:5.77px"> </div>calculated using<div style="display:inline-block;width:5.02px"> </div>the direct<div style="display:inline-block;width:5.66px"> </div>method, under<div style="display:inline-block;width:5.69px"> </div>which inflows<div style="display:inline-block;width:5.23px"> </div>and outflows<div style="display:inline-block;width:6.06px"> </div>to /<div style="display:inline-block;width:6.21px"> </div>from invested<div style="display:inline-block;width:5.28px"> </div>assets are </div><div id="a135466" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:168.4px;">determined at the client<div style="display:inline-block;width:1.78px"> </div>level,<div style="display:inline-block;width:3.1px"> </div>based on transactions.<div style="display:inline-block;width:1.58px"> </div>Interest and<div style="display:inline-block;width:2.33px"> </div>dividend income<div style="display:inline-block;width:2.34px"> </div>from invested assets<div style="display:inline-block;width:1.6px"> </div>are not counted as </div><div id="a135470" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:183.6px;">net new money inflows. Market and currency<div style="display:inline-block;width:1.29px"> </div>movements,<div style="display:inline-block;width:3.3px"> </div>as well as fees, commissions<div style="display:inline-block;width:1.39px"> </div>and interest on loans charged,<div style="display:inline-block;width:2.09px"> </div>are </div><div id="a135478" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:198.7px;">excluded from net new money, as are effects resulting<div style="display:inline-block;width:2.3px"> </div>from any acquisition or divestment<div style="display:inline-block;width:2.22px"> </div>of a UBS subsidiary or business. </div><div id="a135479" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:214.3px;">Reclassifications between<div style="display:inline-block;width:5.76px"> </div>invested<div style="display:inline-block;width:5.2px"> </div>assets<div style="display:inline-block;width:4.85px"> </div>and<div style="display:inline-block;width:5.61px"> </div>custody-only assets<div style="display:inline-block;width:5.88px"> </div>as<div style="display:inline-block;width:5.72px"> </div>a<div style="display:inline-block;width:5.2px"> </div>result<div style="display:inline-block;width:5.28px"> </div>of<div style="display:inline-block;width:5.72px"> </div>a<div style="display:inline-block;width:5.67px"> </div>change<div style="display:inline-block;width:5.13px"> </div>in<div style="display:inline-block;width:5.3px"> </div>service<div style="display:inline-block;width:5.06px"> </div>level delivered<div style="display:inline-block;width:6.39px"> </div>are </div><div id="a135483" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:229.5px;">generally treated as net<div style="display:inline-block;width:5.44px"> </div>new money flows.<div style="display:inline-block;width:5.18px"> </div>However, where the change<div style="display:inline-block;width:5.49px"> </div>in service level directly results from<div style="display:inline-block;width:5.38px"> </div>an<div style="display:inline-block;width:4.61px"> </div>externally </div><div id="a135492" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:245.1px;">imposed regulation or<div style="display:inline-block;width:5.51px"> </div>a strategic decision by<div style="display:inline-block;width:5.25px"> </div>UBS to<div style="display:inline-block;width:5.36px"> </div>exit a<div style="display:inline-block;width:5.33px"> </div>market or specific service offering,<div style="display:inline-block;width:5.54px"> </div>the one-time net<div style="display:inline-block;width:5.37px"> </div>effect is </div><div id="a135500" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:260.2px;">reported as </div><div id="a135501" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:71.617px;top:260px;">Other effects</div><div id="a135502" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:144.032px;top:260.2px;">. </div><div id="a135504" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:282.9px;">The Investment Bank does<div style="display:inline-block;width:5.31px"> </div>not track invested assets and net new<div style="display:inline-block;width:5.37px"> </div>money. However, when<div style="display:inline-block;width:5.4px"> </div>a client is transferred from the </div><div id="a135505" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:298.1px;">Investment Bank<div style="display:inline-block;width:6.34px"> </div>to another<div style="display:inline-block;width:6.22px"> </div>business<div style="display:inline-block;width:5.38px"> </div>division, this<div style="display:inline-block;width:6.02px"> </div>may produce<div style="display:inline-block;width:6.59px"> </div>net new<div style="display:inline-block;width:6.14px"> </div>money even<div style="display:inline-block;width:6.77px"> </div>though<div style="display:inline-block;width:5.84px"> </div>the client’s<div style="display:inline-block;width:5.66px"> </div>assets were </div><div id="a135512" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:313.7px;">already with UBS.</div></div><div id="TextBlockContainer907" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:152px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a135517" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Invested assets and net new<div style="display:inline-block;width:4.23px"> </div>money </div><div id="a135524" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.422px;top:15.8px;">As of or for the year ended </div><div id="a135526" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:31.4px;">USD bn </div><div id="a135529" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:577.195px;top:31.4px;">31.12.22 </div><div id="a135531" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.315px;top:31.4px;">31.12.21 </div><div id="a135533" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:47px;">Fund assets managed by UBS </div><div id="a135536_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:47px;">390</div><div id="a135539_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:47px;">419</div><div id="a135542" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:63.5px;">Discretionary assets </div><div id="a135545_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.008px;top:63.5px;">1,440</div><div id="a135548_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:63.5px;">1,705</div><div id="a135551" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:79.6px;">Other invested assets </div><div id="a135554_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.008px;top:79.6px;">2,127</div><div id="a135557_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:79.6px;">2,472</div><div id="a135560" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:96.2px;">Total invested assets</div><div id="a135561" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:78.928px;top:96.8px;">1</div><div id="a135564_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.008px;top:96.2px;">3,957</div><div id="a135567_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:96.2px;">4,596</div><div id="a135570" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:111.8px;">of which: double counts </div><div id="a135573_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:596.102px;top:111.8px;">340</div><div id="a135576_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:111.8px;">356</div><div id="a135579" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:128.3px;">Net new money</div><div id="a135580" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:61.406px;top:129px;">1</div><div id="a135583_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.342px;top:128.3px;">68</div><div id="a135586_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:128.3px;">159</div><div id="a135589" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:143.4px;">1 Includes double counts.</div></div><div id="TextBlockContainer911" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:153px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a135592" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Development of invested assets </div><div id="a135597" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:15.8px;">USD bn </div><div id="a135600" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:15.8px;">2022 </div><div id="a135602" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.542px;top:15.8px;">2021 </div><div id="a135604" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:31.4px;">Total invested assets at the beginning<div style="display:inline-block;width:3.72px"> </div>of the year</div><div id="a135605" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:182.088px;top:32px;">1</div><div id="a135608_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.008px;top:31.4px;">4,596</div><div id="a135611_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:31.4px;">4,187</div><div id="a135614" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:47.4px;">Net new money </div><div id="a135617_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.342px;top:47.4px;">68</div><div id="a135620_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:47.4px;">159</div><div id="a135623" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:64px;">Market movements</div><div id="a135624" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:73.228px;top:64.7px;">2</div><div id="a135627_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:64px;display:flex;">(595)</div><div id="a135630_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:64px;">339</div><div id="a135633" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:80.1px;">Foreign currency translation </div><div id="a135636_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.582px;top:80.1px;display:flex;">(72)</div><div id="a135639_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:80.1px;display:flex;">(65)</div><div id="a135642" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:96.7px;">Other effects </div><div id="a135645_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.582px;top:96.7px;display:flex;">(40)</div><div id="a135648_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:96.7px;display:flex;">(24)</div><div id="a135651" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:112.7px;">of which: acquisitions / (divestments) </div><div id="a135654_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:596.582px;top:112.7px;display:flex;">(19)</div><div id="a135657_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.995px;top:112.7px;display:flex;">(5)</div><div id="a135660" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:129.3px;">Total invested assets at the end<div style="display:inline-block;width:3.91px"> </div>of the year</div><div id="a135661" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:159.835px;top:129.9px;">1</div><div id="a135664_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.008px;top:129.3px;">3,957</div><div id="a135667_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:129.3px;">4,596</div><div id="a135670" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:144.8px;">1 Includes double counts.<div style="display:inline-block;width:9.79px"> </div>2 Includes interest and<div style="display:inline-block;width:3.66px"> </div>dividend income.</div></div> <div id="TextBlockContainer908" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:152px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_906_XBRL_TS_171de9d8693b428ab871cdfff5f1c5f5" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer907" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:152px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a135517" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Invested assets and net new<div style="display:inline-block;width:4.23px"> </div>money </div><div id="a135524" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.422px;top:15.8px;">As of or for the year ended </div><div id="a135526" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:31.4px;">USD bn </div><div id="a135529" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:577.195px;top:31.4px;">31.12.22 </div><div id="a135531" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.315px;top:31.4px;">31.12.21 </div><div id="a135533" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:47px;">Fund assets managed by UBS </div><div id="a135536_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:47px;">390</div><div id="a135539_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:47px;">419</div><div id="a135542" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:63.5px;">Discretionary assets </div><div id="a135545_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.008px;top:63.5px;">1,440</div><div id="a135548_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:63.5px;">1,705</div><div id="a135551" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:79.6px;">Other invested assets </div><div id="a135554_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.008px;top:79.6px;">2,127</div><div id="a135557_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:79.6px;">2,472</div><div id="a135560" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:96.2px;">Total invested assets</div><div id="a135561" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:78.928px;top:96.8px;">1</div><div id="a135564_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.008px;top:96.2px;">3,957</div><div id="a135567_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:96.2px;">4,596</div><div id="a135570" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:111.8px;">of which: double counts </div><div id="a135573_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:596.102px;top:111.8px;">340</div><div id="a135576_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:111.8px;">356</div><div id="a135579" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:128.3px;">Net new money</div><div id="a135580" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:61.406px;top:129px;">1</div><div id="a135583_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.342px;top:128.3px;">68</div><div id="a135586_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:128.3px;">159</div><div id="a135589" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:143.4px;">1 Includes double counts.</div></div></div></div> 390000000000 419000000000 1440000000000 1705000000000 2127000000000 2472000000000 3957000000000 4596000000000 340000000000 356000000000 68000000000 159000000000 <div id="TextBlockContainer912" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:153px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_910_XBRL_TS_143f650c31e24c1c95abc67fe624e9a4" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer911" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:153px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a135592" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Development of invested assets </div><div id="a135597" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:15.8px;">USD bn </div><div id="a135600" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:15.8px;">2022 </div><div id="a135602" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.542px;top:15.8px;">2021 </div><div id="a135604" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:31.4px;">Total invested assets at the beginning<div style="display:inline-block;width:3.72px"> </div>of the year</div><div id="a135605" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:182.088px;top:32px;">1</div><div id="a135608_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.008px;top:31.4px;">4,596</div><div id="a135611_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:31.4px;">4,187</div><div id="a135614" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:47.4px;">Net new money </div><div id="a135617_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.342px;top:47.4px;">68</div><div id="a135620_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:47.4px;">159</div><div id="a135623" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:64px;">Market movements</div><div id="a135624" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:73.228px;top:64.7px;">2</div><div id="a135627_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:64px;display:flex;">(595)</div><div id="a135630_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:64px;">339</div><div id="a135633" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:80.1px;">Foreign currency translation </div><div id="a135636_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.582px;top:80.1px;display:flex;">(72)</div><div id="a135639_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:80.1px;display:flex;">(65)</div><div id="a135642" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:96.7px;">Other effects </div><div id="a135645_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.582px;top:96.7px;display:flex;">(40)</div><div id="a135648_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:96.7px;display:flex;">(24)</div><div id="a135651" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:112.7px;">of which: acquisitions / (divestments) </div><div id="a135654_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:596.582px;top:112.7px;display:flex;">(19)</div><div id="a135657_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.995px;top:112.7px;display:flex;">(5)</div><div id="a135660" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:129.3px;">Total invested assets at the end<div style="display:inline-block;width:3.91px"> </div>of the year</div><div id="a135661" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:159.835px;top:129.9px;">1</div><div id="a135664_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.008px;top:129.3px;">3,957</div><div id="a135667_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:129.3px;">4,596</div><div id="a135670" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:144.8px;">1 Includes double counts.<div style="display:inline-block;width:9.79px"> </div>2 Includes interest and<div style="display:inline-block;width:3.66px"> </div>dividend income.</div></div></div></div> 4596000000000 4187000000000 68000000000 159000000000 -595000000000 339000000000 -72000000000 -65000000000 -40000000000 -24000000000 -19000000000 -5000000000 3957000000000 4596000000000 <div id="TextBlockContainer914" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:56px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a135676" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 32<div style="display:inline-block;width:8.21px"> </div>Currency translation rates<div style="display:inline-block;width:4.72px"> </div></div><div id="a135683" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:27.3px;">The following table shows the rates<div style="display:inline-block;width:1.99px"> </div>of the main currencies used to translate<div style="display:inline-block;width:1.91px"> </div>the financial information of UBS’s operations </div><div id="a135685" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:42.4px;">with a functional currency other<div style="display:inline-block;width:5.15px"> </div>than the US dollar into US<div style="display:inline-block;width:5.25px"> </div>dollars.</div></div><div id="TextBlockContainer918" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:143px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_916_XBRL_TS_44ab08a6865646c2a7848c77007c7942" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer917" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:143px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a135695" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:362.337px;top:2.8px;">Closing exchange rate </div><div id="a135698" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.524px;top:2.8px;">Average rate</div><div id="a135699" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:600.364px;top:3.5px;">1</div><div id="a135703" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:393.11px;top:18.5px;">As of </div><div id="a135706" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.497px;top:18.5px;">For the year ended </div><div id="a135710" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:366.59px;top:34.1px;">31.12.22 </div><div id="a135712" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:434.724px;top:34.1px;">31.12.21 </div><div id="a135715" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.564px;top:34.1px;">31.12.22 </div><div id="a135717" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.697px;top:34.1px;">31.12.21 </div><div id="a135719" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:34.1px;">31.12.20 </div><div id="a135721" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:50.2px;">1 CHF </div><div id="a135724_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.15px;top:50.2px;">1.08</div><div id="a135727_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.31px;top:50.2px;">1.10</div><div id="a135731_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.11px;top:50.2px;">1.05</div><div id="a135734_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.244px;top:50.2px;">1.09</div><div id="a135737_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.404px;top:50.2px;">1.07</div><div id="a135740" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:66.2px;">1 EUR </div><div id="a135743_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.15px;top:66.2px;">1.07</div><div id="a135746_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.31px;top:66.2px;">1.14</div><div id="a135750_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.11px;top:66.2px;">1.05</div><div id="a135753_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.244px;top:66.2px;">1.18</div><div id="a135756_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.404px;top:66.2px;">1.15</div><div id="a135759" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:82.8px;">1 GBP </div><div id="a135762_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.15px;top:82.8px;">1.21</div><div id="a135765_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.31px;top:82.8px;">1.35</div><div id="a135769_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.11px;top:82.8px;">1.23</div><div id="a135772_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.244px;top:82.8px;">1.37</div><div id="a135775_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.404px;top:82.8px;">1.29</div><div id="a135778" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:98.9px;">100 JPY </div><div id="a135781_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.15px;top:98.9px;">0.76</div><div id="a135784_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.31px;top:98.9px;">0.87</div><div id="a135788_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.11px;top:98.9px;">0.76</div><div id="a135791_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.244px;top:98.9px;">0.91</div><div id="a135794_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.404px;top:98.9px;">0.94</div><div id="a135797" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:114.4px;">1 Monthly income statement<div style="display:inline-block;width:3.95px"> </div>items of operations<div style="display:inline-block;width:4.07px"> </div>with a functional<div style="display:inline-block;width:3.64px"> </div>currency other than<div style="display:inline-block;width:3.8px"> </div>the US dollar<div style="display:inline-block;width:3.62px"> </div>are translated<div style="display:inline-block;width:3.8px"> </div>into US dollars<div style="display:inline-block;width:3.61px"> </div>using month-end rates.<div style="display:inline-block;width:4.35px"> </div>Disclosed average<div style="display:inline-block;width:3.45px"> </div>rates for a<div style="display:inline-block;width:3.64px"> </div>year represent<div style="display:inline-block;width:3.48px"> </div>an average of </div><div id="a135801" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:124.3px;">twelve month-end<div style="display:inline-block;width:3.8px"> </div>rates, weighted<div style="display:inline-block;width:4.11px"> </div>according to<div style="display:inline-block;width:3.78px"> </div>the income<div style="display:inline-block;width:3.62px"> </div>and expense<div style="display:inline-block;width:3.79px"> </div>volumes<div style="display:inline-block;width:3.44px"> </div>of all<div style="display:inline-block;width:3.47px"> </div>operations of<div style="display:inline-block;width:3.77px"> </div>the Group with<div style="display:inline-block;width:4.25px"> </div>the same<div style="display:inline-block;width:3.47px"> </div>functional currency<div style="display:inline-block;width:4.2px"> </div>for each<div style="display:inline-block;width:3.79px"> </div>month. Weighted<div style="display:inline-block;width:3.93px"> </div>average rates<div style="display:inline-block;width:4.1px"> </div>for individual<div style="display:inline-block;width:4.08px"> </div>business </div><div id="a135805" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:134.7px;">divisions may deviate from the<div style="display:inline-block;width:3.44px"> </div>weighted average rates<div style="display:inline-block;width:3.64px"> </div>for the Group.</div></div></div></div> <div id="TextBlockContainer917" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:143px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a135695" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:362.337px;top:2.8px;">Closing exchange rate </div><div id="a135698" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.524px;top:2.8px;">Average rate</div><div id="a135699" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:600.364px;top:3.5px;">1</div><div id="a135703" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:393.11px;top:18.5px;">As of </div><div id="a135706" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.497px;top:18.5px;">For the year ended </div><div id="a135710" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:366.59px;top:34.1px;">31.12.22 </div><div id="a135712" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:434.724px;top:34.1px;">31.12.21 </div><div id="a135715" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.564px;top:34.1px;">31.12.22 </div><div id="a135717" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.697px;top:34.1px;">31.12.21 </div><div id="a135719" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:34.1px;">31.12.20 </div><div id="a135721" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:50.2px;">1 CHF </div><div id="a135724_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.15px;top:50.2px;">1.08</div><div id="a135727_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.31px;top:50.2px;">1.10</div><div id="a135731_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.11px;top:50.2px;">1.05</div><div id="a135734_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.244px;top:50.2px;">1.09</div><div id="a135737_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.404px;top:50.2px;">1.07</div><div id="a135740" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:66.2px;">1 EUR </div><div id="a135743_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.15px;top:66.2px;">1.07</div><div id="a135746_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.31px;top:66.2px;">1.14</div><div id="a135750_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.11px;top:66.2px;">1.05</div><div id="a135753_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.244px;top:66.2px;">1.18</div><div id="a135756_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.404px;top:66.2px;">1.15</div><div id="a135759" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:82.8px;">1 GBP </div><div id="a135762_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.15px;top:82.8px;">1.21</div><div id="a135765_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.31px;top:82.8px;">1.35</div><div id="a135769_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.11px;top:82.8px;">1.23</div><div id="a135772_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.244px;top:82.8px;">1.37</div><div id="a135775_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.404px;top:82.8px;">1.29</div><div id="a135778" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:98.9px;">100 JPY </div><div id="a135781_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.15px;top:98.9px;">0.76</div><div id="a135784_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.31px;top:98.9px;">0.87</div><div id="a135788_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.11px;top:98.9px;">0.76</div><div id="a135791_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.244px;top:98.9px;">0.91</div><div id="a135794_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.404px;top:98.9px;">0.94</div><div id="a135797" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:114.4px;">1 Monthly income statement<div style="display:inline-block;width:3.95px"> </div>items of operations<div style="display:inline-block;width:4.07px"> </div>with a functional<div style="display:inline-block;width:3.64px"> </div>currency other than<div style="display:inline-block;width:3.8px"> </div>the US dollar<div style="display:inline-block;width:3.62px"> </div>are translated<div style="display:inline-block;width:3.8px"> </div>into US dollars<div style="display:inline-block;width:3.61px"> </div>using month-end rates.<div style="display:inline-block;width:4.35px"> </div>Disclosed average<div style="display:inline-block;width:3.45px"> </div>rates for a<div style="display:inline-block;width:3.64px"> </div>year represent<div style="display:inline-block;width:3.48px"> </div>an average of </div><div id="a135801" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:124.3px;">twelve month-end<div style="display:inline-block;width:3.8px"> </div>rates, weighted<div style="display:inline-block;width:4.11px"> </div>according to<div style="display:inline-block;width:3.78px"> </div>the income<div style="display:inline-block;width:3.62px"> </div>and expense<div style="display:inline-block;width:3.79px"> </div>volumes<div style="display:inline-block;width:3.44px"> </div>of all<div style="display:inline-block;width:3.47px"> </div>operations of<div style="display:inline-block;width:3.77px"> </div>the Group with<div style="display:inline-block;width:4.25px"> </div>the same<div style="display:inline-block;width:3.47px"> </div>functional currency<div style="display:inline-block;width:4.2px"> </div>for each<div style="display:inline-block;width:3.79px"> </div>month. Weighted<div style="display:inline-block;width:3.93px"> </div>average rates<div style="display:inline-block;width:4.1px"> </div>for individual<div style="display:inline-block;width:4.08px"> </div>business </div><div id="a135805" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:134.7px;">divisions may deviate from the<div style="display:inline-block;width:3.44px"> </div>weighted average rates<div style="display:inline-block;width:3.64px"> </div>for the Group.</div></div> 1.08 1.10 1.05 1.09 1.07 1.07 1.14 1.05 1.18 1.15 1.21 1.35 1.23 1.37 1.29 0.76 0.87 0.76 0.91 0.94 <div id="TextBlockContainer920" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:913px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a135842" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 33<div style="display:inline-block;width:8.2px"> </div>Main differences between IFRS and<div style="display:inline-block;width:5.11px"> </div>Swiss GAAP<div style="display:inline-block;width:7.7px"> </div></div><div id="a135850" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:26.8px;">The consolidated financial<div style="display:inline-block;width:1.59px"> </div>statements of UBS<div style="display:inline-block;width:2.19px"> </div>Group AG are prepared<div style="display:inline-block;width:2.29px"> </div>in accordance with International Financial<div style="display:inline-block;width:1.86px"> </div>Reporting </div><div id="a135852" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:42.4px;">Standards (IFRS). The<div style="display:inline-block;width:5.05px"> </div>Swiss Financial Market Supervisory Authority (FINMA) requires<div style="display:inline-block;width:5.02px"> </div>financial groups presenting<div style="display:inline-block;width:5.21px"> </div>financial </div><div id="a135857" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:57.6px;">statements<div style="display:inline-block;width:5.83px"> </div>under<div style="display:inline-block;width:6.2px"> </div>IFRS<div style="display:inline-block;width:5.57px"> </div>to<div style="display:inline-block;width:5.72px"> </div>provide<div style="display:inline-block;width:6.06px"> </div>a<div style="display:inline-block;width:5.67px"> </div>narrative<div style="display:inline-block;width:5.58px"> </div>explanation<div style="display:inline-block;width:6.39px"> </div>of<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>main<div style="display:inline-block;width:5.62px"> </div>differences<div style="display:inline-block;width:6.31px"> </div>between<div style="display:inline-block;width:6.03px"> </div>IFRS<div style="display:inline-block;width:5.57px"> </div>and<div style="display:inline-block;width:6.08px"> </div>Swiss<div style="display:inline-block;width:6.09px"> </div>generally </div><div id="a135861" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:73.2px;">accepted accounting principles (GAAP)<div style="display:inline-block;width:3.39px"> </div>(the FINMA Accounting Ordinance, FINMA Circular<div style="display:inline-block;width:2.11px"> </div>2020/1 “Accounting – banks” </div><div id="a135875" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:88.3px;">and<div style="display:inline-block;width:7.03px"> </div>the<div style="display:inline-block;width:6.2px"> </div>Banking<div style="display:inline-block;width:6.85px"> </div>Ordinance<div style="display:inline-block;width:7px"> </div>(the<div style="display:inline-block;width:6.77px"> </div>BO)).<div style="display:inline-block;width:6.6px"> </div>Included<div style="display:inline-block;width:6.58px"> </div>in<div style="display:inline-block;width:6.72px"> </div>this<div style="display:inline-block;width:6.14px"> </div>Note<div style="display:inline-block;width:6.82px"> </div>are<div style="display:inline-block;width:6.71px"> </div>the<div style="display:inline-block;width:6.67px"> </div>significant<div style="display:inline-block;width:5.98px"> </div>differences<div style="display:inline-block;width:7.26px"> </div>in<div style="display:inline-block;width:6.72px"> </div>the<div style="display:inline-block;width:6.67px"> </div>recognition<div style="display:inline-block;width:7.15px"> </div>and </div><div id="a135880" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:103.4px;">measurement<div style="display:inline-block;width:5.75px"> </div>between<div style="display:inline-block;width:5.56px"> </div>IFRS<div style="display:inline-block;width:5.1px"> </div>and<div style="display:inline-block;width:5.61px"> </div>the<div style="display:inline-block;width:5.25px"> </div>provisions<div style="display:inline-block;width:5.78px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.45px"> </div>BO<div style="display:inline-block;width:5.33px"> </div>and<div style="display:inline-block;width:5.61px"> </div>the<div style="display:inline-block;width:5.25px"> </div>guidelines<div style="display:inline-block;width:5.75px"> </div>of<div style="display:inline-block;width:5.25px"> </div>FINMA<div style="display:inline-block;width:5.25px"> </div>governing<div style="display:inline-block;width:5.51px"> </div>true<div style="display:inline-block;width:5.1px"> </div>and<div style="display:inline-block;width:5.61px"> </div>fair view </div><div id="a135884" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:119.1px;">financial statement reporting<div style="display:inline-block;width:5.27px"> </div>pursuant to Art. 25<div style="display:inline-block;width:5.21px"> </div>to Art. 42 of the BO. </div><div id="a135894" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#E60000;left:4.905px;top:149px;">1.<div style="display:inline-block;width:4.09px"> </div>Consolidation </div><div id="a135898" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:172.5px;">Under IFRS,<div style="display:inline-block;width:5.24px"> </div>all entities that<div style="display:inline-block;width:5.31px"> </div>are controlled<div style="display:inline-block;width:5.72px"> </div>by the holding<div style="display:inline-block;width:6.26px"> </div>entity are consolidated.<div style="display:inline-block;width:5.97px"> </div>Under Swiss GAAP<div style="display:inline-block;width:5.64px"> </div>controlled entities </div><div id="a135901" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:187.7px;">deemed immaterial<div style="display:inline-block;width:5.1px"> </div>to a g<div style="display:inline-block;width:1.51px"> </div>roup or<div style="display:inline-block;width:5.6px"> </div>those held<div style="display:inline-block;width:5.46px"> </div>only temporarily are<div style="display:inline-block;width:5.45px"> </div>exempt from<div style="display:inline-block;width:5.45px"> </div>consolidation, but<div style="display:inline-block;width:5.78px"> </div>instead are<div style="display:inline-block;width:5.12px"> </div>recorded </div><div id="a135910" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:202.8px;">as participations accounted for under the equity<div style="display:inline-block;width:2.1px"> </div>method of accounting or as financial investments<div style="display:inline-block;width:2.32px"> </div>measured at the lower </div><div id="a135913" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:218.4px;">of cost or market value. </div><div id="a135915" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#E60000;left:4.905px;top:248.4px;">2. Classification and measurement<div style="display:inline-block;width:5.14px"> </div>of financial assets </div><div id="a135917" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:271.9px;">Under IFRS,<div style="display:inline-block;width:5.24px"> </div>debt instruments<div style="display:inline-block;width:5.07px"> </div>are measured<div style="display:inline-block;width:5.78px"> </div>at amortized<div style="display:inline-block;width:5.74px"> </div>cost, fair<div style="display:inline-block;width:5.12px"> </div>value through<div style="display:inline-block;width:6.15px"> </div>other comprehensive<div style="display:inline-block;width:5.69px"> </div>income (FVOCI) </div><div id="a135919" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:287px;">or fair value<div style="display:inline-block;width:5.42px"> </div>through<div style="display:inline-block;width:5.2px"> </div>profit or loss<div style="display:inline-block;width:5.73px"> </div>(FVTPL), depending<div style="display:inline-block;width:5.8px"> </div>on the<div style="display:inline-block;width:5.29px"> </div>nature of<div style="display:inline-block;width:5.22px"> </div>the business<div style="display:inline-block;width:5.06px"> </div>model within<div style="display:inline-block;width:5.13px"> </div>which the<div style="display:inline-block;width:5.46px"> </div>particular </div><div id="a135921" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:302.6px;">asset is held<div style="display:inline-block;width:5.6px"> </div>and the<div style="display:inline-block;width:5.76px"> </div>characteristics of<div style="display:inline-block;width:5.17px"> </div>the contractual<div style="display:inline-block;width:5.94px"> </div>cash flows of<div style="display:inline-block;width:6.08px"> </div>the asset.<div style="display:inline-block;width:5.69px"> </div>Equity instruments<div style="display:inline-block;width:5.71px"> </div>are accounted<div style="display:inline-block;width:6.12px"> </div>for at </div><div id="a135923" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:317.8px;">FVTPL by UBS. Under Swiss GAAP,<div style="display:inline-block;width:5.32px"> </div>trading assets and derivatives are measured at FVTPL,<div style="display:inline-block;width:4.18px"> </div>in line with IFRS. However, non-</div><div id="a135930" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:332.9px;">trading debt<div style="display:inline-block;width:5.28px"> </div>instruments are<div style="display:inline-block;width:5.38px"> </div>generally measured<div style="display:inline-block;width:6.01px"> </div>at amortized<div style="display:inline-block;width:5.26px"> </div>cost, even<div style="display:inline-block;width:5.31px"> </div>when the<div style="display:inline-block;width:5.39px"> </div>assets are<div style="display:inline-block;width:5.39px"> </div>managed<div style="display:inline-block;width:5.06px"> </div>on a<div style="display:inline-block;width:5.24px"> </div>fair value </div><div id="a135932" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:348.5px;">basis. In addition, the measurement of financial<div style="display:inline-block;width:5.27px"> </div>assets in the form of securities depends<div style="display:inline-block;width:5.25px"> </div>on the nature of the asset: debt </div><div id="a135933" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:363.7px;">instruments not held to maturity,<div style="display:inline-block;width:6.33px"> </div>i.e.,<div style="display:inline-block;width:4.11px"> </div>instruments available for sale,<div style="display:inline-block;width:5.26px"> </div>and equity instruments<div style="display:inline-block;width:5.27px"> </div>with no permanent holding </div><div id="a135940" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:379.3px;">intent,<div style="display:inline-block;width:5.3px"> </div>are<div style="display:inline-block;width:5.29px"> </div>classified<div style="display:inline-block;width:5.31px"> </div>as </div><div id="a135941" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:142.138px;top:379px;">Financial investments</div><div id="a135942" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:262.325px;top:379.3px;"><div style="display:inline-block;width:5.2px"> </div>and<div style="display:inline-block;width:5.61px"> </div>measured<div style="display:inline-block;width:5.59px"> </div>at<div style="display:inline-block;width:5.05px"> </div>the<div style="display:inline-block;width:5.25px"> </div>lower of<div style="display:inline-block;width:6.35px"> </div>(amortized)<div style="display:inline-block;width:5.05px"> </div>cost<div style="display:inline-block;width:5.1px"> </div>or<div style="display:inline-block;width:5.25px"> </div>market value.<div style="display:inline-block;width:6.26px"> </div>Market </div><div id="a135944" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:394.4px;">value<div style="display:inline-block;width:5.57px"> </div>adjustments<div style="display:inline-block;width:5.82px"> </div>up<div style="display:inline-block;width:6.08px"> </div>to<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>original<div style="display:inline-block;width:6.29px"> </div>cost<div style="display:inline-block;width:5.57px"> </div>amount<div style="display:inline-block;width:6.45px"> </div>and<div style="display:inline-block;width:6.08px"> </div>realized<div style="display:inline-block;width:5.55px"> </div>gains<div style="display:inline-block;width:6.02px"> </div>or<div style="display:inline-block;width:5.98px"> </div>losses<div style="display:inline-block;width:5.95px"> </div>upon<div style="display:inline-block;width:6.48px"> </div>disposal<div style="display:inline-block;width:6.17px"> </div>of<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>investment<div style="display:inline-block;width:5.36px"> </div>are </div><div id="a135948" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:409.5px;">recorded in the income statement as </div><div id="a135950" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:214.058px;top:409.3px;">Other income</div><div id="a135951" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:291.205px;top:409.5px;"> </div><div id="a135952" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:294.512px;top:409.3px;">from</div><div id="a135953" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:321.938px;top:409.5px;"> </div><div id="a135954" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:325.258px;top:409.3px;">ordinary activities. </div><div id="a135955" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:430.298px;top:409.5px;">Equity instruments with a permanent holding </div><div id="a135956" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:425.1px;">intent<div style="display:inline-block;width:5.2px"> </div>are<div style="display:inline-block;width:5.29px"> </div>classified<div style="display:inline-block;width:5.31px"> </div>as<div style="display:inline-block;width:5.25px"> </div>participations<div style="display:inline-block;width:5.56px"> </div>in </div><div id="a135957" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:235.338px;top:424.9px;">Non-consolidated<div style="display:inline-block;width:6.19px"> </div>investments in<div style="display:inline-block;width:6.56px"> </div>subsidiaries<div style="display:inline-block;width:5.49px"> </div>and<div style="display:inline-block;width:5.13px"> </div>other<div style="display:inline-block;width:5.3px"> </div>participations</div><div id="a135961" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:636.138px;top:425.1px;"><div style="display:inline-block;width:5.2px"> </div>and<div style="display:inline-block;width:5.61px"> </div>are </div><div id="a135963" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:440.3px;">measured at cost less impairment.<div style="display:inline-block;width:2.71px"> </div>Impairment losses are recorded in the income statement as </div><div id="a135967" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:534.405px;top:440.1px;">Impairment of investments </div><div id="a135968" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:455.7px;">in non-consolidated<div style="display:inline-block;width:5.91px"> </div>subsidiaries and<div style="display:inline-block;width:5.53px"> </div>other participations.</div><div id="a135971" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:332.352px;top:455.9px;"><div style="display:inline-block;width:4.25px"> </div>Reversals of<div style="display:inline-block;width:5.2px"> </div>impairments<div style="display:inline-block;width:5.31px"> </div>up to<div style="display:inline-block;width:5.29px"> </div>the original<div style="display:inline-block;width:5.02px"> </div>cost amount<div style="display:inline-block;width:5.72px"> </div>and </div><div id="a135974" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:471.1px;">realized gains or losses<div style="display:inline-block;width:5.09px"> </div>upon disposal of the investment are recorded<div style="display:inline-block;width:5.69px"> </div>as </div><div id="a135975" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:414.698px;top:470.8px;">Extraordinary income / Extraordinary expenses</div><div id="a135976" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:675.418px;top:471.1px;">. </div><div id="a135978" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#E60000;left:4.905px;top:501.5px;">3. Fair value option applied<div style="display:inline-block;width:5.47px"> </div>to financial liabilities </div><div id="a135980" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:524.5px;">Under IFRS, UBS applies the fair value option to certain financial liabilities not held for trading.<div style="display:inline-block;width:5.34px"> </div>Instruments for which the </div><div id="a135983" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:539.7px;">fair value option is applied are accounted for at FVTPL. The amount of change in the fair value attributable to changes in </div><div id="a135984" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:555.3px;">UBS’s own credit is presented<div style="display:inline-block;width:5.58px"> </div>in </div><div id="a135985" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:191.832px;top:555px;">Other comprehensive income</div><div id="a135986" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:358.392px;top:555.3px;"><div style="display:inline-block;width:3.77px"> </div>directly within </div><div id="a135988" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:446.405px;top:555px;">Retained earnings</div><div id="a135990" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:548.592px;top:555.3px;">. The fair value option<div style="display:inline-block;width:5.01px"> </div>is </div><div id="a135991" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:570.4px;">applied primarily to issued<div style="display:inline-block;width:5.11px"> </div>structured debt instruments, certain<div style="display:inline-block;width:5.52px"> </div>non-structured debt instruments,<div style="display:inline-block;width:5.63px"> </div>certain payables under </div><div id="a135996" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:586px;">repurchase agreements and<div style="display:inline-block;width:5.25px"> </div>cash collateral on securities lending agreements,<div style="display:inline-block;width:5.13px"> </div>amounts due under unit-linked investment </div><div id="a136000" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:601.2px;">contracts, and brokerage<div style="display:inline-block;width:5.1px"> </div>payables. </div><div id="a136002" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:623.9px;">Under<div style="display:inline-block;width:5.13px"> </div>Swiss GAAP,<div style="display:inline-block;width:6.32px"> </div>the fair<div style="display:inline-block;width:5.42px"> </div>value option<div style="display:inline-block;width:6.23px"> </div>can only<div style="display:inline-block;width:5.88px"> </div>be applied<div style="display:inline-block;width:6.38px"> </div>to structured<div style="display:inline-block;width:5.91px"> </div>debt instruments<div style="display:inline-block;width:6.49px"> </div>consisting<div style="display:inline-block;width:5.43px"> </div>of a<div style="display:inline-block;width:5.83px"> </div>debt host </div><div id="a136006" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:639px;">contract and<div style="display:inline-block;width:6.2px"> </div>one or<div style="display:inline-block;width:5.76px"> </div>more embedded<div style="display:inline-block;width:6.1px"> </div>derivatives that do<div style="display:inline-block;width:6.46px"> </div>not relate<div style="display:inline-block;width:5.86px"> </div>to own<div style="display:inline-block;width:5.86px"> </div>equity.<div style="display:inline-block;width:5.05px"> </div>Furthermore, unrealized<div style="display:inline-block;width:5.89px"> </div>changes<div style="display:inline-block;width:5.18px"> </div>in </div><div id="a136008" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:654.6px;">fair value attributable<div style="display:inline-block;width:6.1px"> </div>to changes<div style="display:inline-block;width:5.81px"> </div>in UBS’s<div style="display:inline-block;width:5.44px"> </div>own credit<div style="display:inline-block;width:5.17px"> </div>are not<div style="display:inline-block;width:5.17px"> </div>recognized, whereas<div style="display:inline-block;width:5.77px"> </div>realized own<div style="display:inline-block;width:5.22px"> </div>credit is<div style="display:inline-block;width:5.08px"> </div>recognized<div style="display:inline-block;width:5.12px"> </div>in</div><div id="a136009" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:685.352px;top:654.3px;"> </div><div id="a136010" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:669.5px;">Net trading income</div><div id="a136011" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:114.205px;top:669.7px;">. </div><div id="a136013" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#E60000;left:4.905px;top:700.2px;">4. Allowances and provisions for credit<div style="display:inline-block;width:5.43px"> </div>losses </div><div id="a136018" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:723.2px;">Swiss GAAP permit use of IFRS for<div style="display:inline-block;width:2.17px"> </div>accounting for allowances and provisions for credit losses based on an expected credit </div><div id="a136024" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:738.3px;">loss (ECL) model. UBS has chosen to apply the IFRS 9<div style="display:inline-block;width:5.09px"> </div>ECL approach to those exposures that are in the<div style="display:inline-block;width:5.06px"> </div>ECL scope of both </div><div id="a136042" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:754px;">frameworks, IFRS and Swiss GAAP<div style="display:inline-block;width:1.47px"> </div>. </div><div id="a136048" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:776.7px;">For the small<div style="display:inline-block;width:5.06px"> </div>residual exposures<div style="display:inline-block;width:5.34px"> </div>within the<div style="display:inline-block;width:5.06px"> </div>scope of Swiss GAAP<div style="display:inline-block;width:5.64px"> </div>ECL requirements, which<div style="display:inline-block;width:5.27px"> </div>are not subject to<div style="display:inline-block;width:5.42px"> </div>ECL under </div><div id="a136057" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:791.8px;">IFRS due to classification differences,<div style="display:inline-block;width:5.26px"> </div>UBS applies alternative approaches<div style="display:inline-block;width:1.34px"> </div>.<div style="display:inline-block;width:3.89px"> </div></div><div id="a136062" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:807.4px;">–</div><div id="a136063" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:807.3px;"> </div><div id="a136064" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:807.4px;">For exposures for which Pillar 1 internal ratings-based<div style="display:inline-block;width:5.43px"> </div>models are applied to measure credit risk, ECL is determined<div style="display:inline-block;width:5.4px"> </div>by </div><div id="a136073" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:822.5px;">the regulatory expected loss (EL), with an add-on for scaling up to the<div style="display:inline-block;width:2.1px"> </div>residual maturity of exposures maturing beyond </div><div id="a136077" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:838.2px;">the next<div style="display:inline-block;width:5.68px"> </div>12<div style="display:inline-block;width:5.13px"> </div>months,<div style="display:inline-block;width:5.18px"> </div>as appropriate.<div style="display:inline-block;width:5.6px"> </div>For detailed<div style="display:inline-block;width:5.73px"> </div>information<div style="display:inline-block;width:5.19px"> </div>on<div style="display:inline-block;width:5.16px"> </div>regulatory EL,<div style="display:inline-block;width:5.29px"> </div>refer to<div style="display:inline-block;width:6.08px"> </div>the “Risk<div style="display:inline-block;width:6.31px"> </div>management and </div><div id="a136085" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:853.3px;">control”<div style="display:inline-block;width:4.25px"> </div>section of this report.<div style="display:inline-block;width:4.51px"> </div></div><div id="a136093" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:868.4px;">–</div><div id="a136094" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:868.3px;"> </div><div id="a136095" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:868.4px;">For exposures<div style="display:inline-block;width:5.34px"> </div>for which<div style="display:inline-block;width:5.44px"> </div>the Pillar 1<div style="display:inline-block;width:5.67px"> </div>standardized approach<div style="display:inline-block;width:6.01px"> </div>is used<div style="display:inline-block;width:5.36px"> </div>to measure<div style="display:inline-block;width:5.1px"> </div>credit risk,<div style="display:inline-block;width:5.03px"> </div>ECL is<div style="display:inline-block;width:5.2px"> </div>determined using<div style="display:inline-block;width:5.9px"> </div>a </div><div id="a136101" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:884.1px;">portfolio approach<div style="display:inline-block;width:5.67px"> </div>that derives<div style="display:inline-block;width:5.12px"> </div>a conservative<div style="display:inline-block;width:5.72px"> </div>probability of<div style="display:inline-block;width:5.11px"> </div>default (PD)<div style="display:inline-block;width:5.75px"> </div>and a<div style="display:inline-block;width:5.27px"> </div>conservative<div style="display:inline-block;width:5.15px"> </div>loss given<div style="display:inline-block;width:5.13px"> </div>default (LGD) </div><div id="a136110" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:899.2px;">for the entire portfolio.</div></div><div id="TextBlockContainer922" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:901px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a136156" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">5. Hedge accounting </div><div id="a136159" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23px;">Under IFRS, when cash flow hedge<div style="display:inline-block;width:2.14px"> </div>accounting is applied, the<div style="display:inline-block;width:2.11px"> </div>fair value gain or<div style="display:inline-block;width:2.04px"> </div>loss on the<div style="display:inline-block;width:2.28px"> </div>effective portion of a derivative </div><div id="a136163" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.7px;">designated as<div style="display:inline-block;width:5.48px"> </div>a cash flow<div style="display:inline-block;width:5.51px"> </div>hedge is<div style="display:inline-block;width:5.38px"> </div>recognized initially<div style="display:inline-block;width:5.68px"> </div>in equity and<div style="display:inline-block;width:5.89px"> </div>reclassified to<div style="display:inline-block;width:5.55px"> </div>the income<div style="display:inline-block;width:5.3px"> </div>statement when<div style="display:inline-block;width:5.58px"> </div>certain </div><div id="a136169" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">conditions are<div style="display:inline-block;width:5.42px"> </div>met.<div style="display:inline-block;width:4.12px"> </div>When fair value<div style="display:inline-block;width:5.1px"> </div>hedge accounting<div style="display:inline-block;width:5.44px"> </div>is applied, the fair<div style="display:inline-block;width:5.13px"> </div>value change of<div style="display:inline-block;width:5.41px"> </div>the hedged item attributable </div><div id="a136178" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:68.9px;">to the hedged risk is reflected in the measurement<div style="display:inline-block;width:5.63px"> </div>of the hedged item and<div style="display:inline-block;width:5.1px"> </div>is recognized in the income statement<div style="display:inline-block;width:5.21px"> </div>along </div><div id="a136183" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:84.5px;">with the<div style="display:inline-block;width:5.91px"> </div>change<div style="display:inline-block;width:5.13px"> </div>in the<div style="display:inline-block;width:5.93px"> </div>fair value<div style="display:inline-block;width:5.74px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>hedging<div style="display:inline-block;width:5.64px"> </div>derivative.<div style="display:inline-block;width:4.31px"> </div>Under<div style="display:inline-block;width:5.12px"> </div>Swiss GAAP,<div style="display:inline-block;width:8.21px"> </div>the<div style="display:inline-block;width:5.25px"> </div>effective portion<div style="display:inline-block;width:6.39px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>fair value </div><div id="a136190" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.7px;">change of a derivative instrument<div style="display:inline-block;width:5.32px"> </div>designated as a cash flow<div style="display:inline-block;width:5.42px"> </div>or as a fair value hedge<div style="display:inline-block;width:5.44px"> </div>is deferred on the balance sheet<div style="display:inline-block;width:5.55px"> </div>as </div><div id="a136193" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:115px;">Other assets</div><div id="a136194" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:73.981px;top:115.3px;"><div style="display:inline-block;width:3.78px"> </div>or </div><div id="a136196" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:93.872px;top:115px;">Other liabilities</div><div id="a136198" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:178.085px;top:115.3px;">. The carrying amount<div style="display:inline-block;width:5.24px"> </div>of the hedged item designated<div style="display:inline-block;width:5.77px"> </div>in fair value hedges is not<div style="display:inline-block;width:5.21px"> </div>adjusted </div><div id="a136199" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:130.4px;">for fair value changes attributable to the<div style="display:inline-block;width:5.07px"> </div>hedged risk. </div><div id="a136201" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:160.9px;">6. Goodwill and intangible<div style="display:inline-block;width:5.29px"> </div>assets </div><div id="a136206" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183.9px;">Under IFRS, goodwill acquired<div style="display:inline-block;width:5.01px"> </div>in a business combination is not amortized but tested annually<div style="display:inline-block;width:5.26px"> </div>for impairment. Intangible </div><div id="a136208" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:199px;">assets<div style="display:inline-block;width:5.67px"> </div>with<div style="display:inline-block;width:5.72px"> </div>an<div style="display:inline-block;width:5.88px"> </div>indefinite<div style="display:inline-block;width:6.14px"> </div>useful<div style="display:inline-block;width:5.87px"> </div>life<div style="display:inline-block;width:5.79px"> </div>are<div style="display:inline-block;width:6.23px"> </div>also<div style="display:inline-block;width:5.82px"> </div>not<div style="display:inline-block;width:5.93px"> </div>amortized<div style="display:inline-block;width:6.26px"> </div>but<div style="display:inline-block;width:5.93px"> </div>tested<div style="display:inline-block;width:5.62px"> </div>annually<div style="display:inline-block;width:6.34px"> </div>for<div style="display:inline-block;width:6.04px"> </div>impairment.<div style="display:inline-block;width:6.18px"> </div>Under<div style="display:inline-block;width:6.08px"> </div>Swiss<div style="display:inline-block;width:6.25px"> </div>GAAP, </div><div id="a136211" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:214.6px;">goodwill and<div style="display:inline-block;width:5.37px"> </div>intangible assets with<div style="display:inline-block;width:5.32px"> </div>indefinite useful lives are<div style="display:inline-block;width:5.42px"> </div>amortized over a<div style="display:inline-block;width:5.37px"> </div>period not<div style="display:inline-block;width:5.24px"> </div>exceeding five years, unless<div style="display:inline-block;width:5.35px"> </div>a </div><div id="a136213" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:229.8px;">longer<div style="display:inline-block;width:6.02px"> </div>useful<div style="display:inline-block;width:5.87px"> </div>life,<div style="display:inline-block;width:5.42px"> </div>which<div style="display:inline-block;width:5.4px"> </div>may<div style="display:inline-block;width:5.32px"> </div>not<div style="display:inline-block;width:5.93px"> </div>exceed </div><div id="a136213_41_2" style="position:absolute;font-family:'Frutiger';font-size:13.241px;left:250.343px;top:229.8px;">10</div><div id="a136213_43_76" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:265.003px;top:229.8px;"><div style="display:inline-block;width:5.67px"> </div>years,<div style="display:inline-block;width:5.47px"> </div>can<div style="display:inline-block;width:5.67px"> </div>be<div style="display:inline-block;width:5.88px"> </div>justified.<div style="display:inline-block;width:5.14px"> </div>In<div style="display:inline-block;width:5.77px"> </div>addition,<div style="display:inline-block;width:5.75px"> </div>these<div style="display:inline-block;width:5.77px"> </div>assets<div style="display:inline-block;width:5.67px"> </div>are<div style="display:inline-block;width:5.76px"> </div>tested<div style="display:inline-block;width:5.62px"> </div>annually<div style="display:inline-block;width:5.4px"> </div>for </div><div id="a136214" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:245.4px;">impairment. </div><div id="a136216" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:275.4px;">7. Post-employment benefit<div style="display:inline-block;width:5.4px"> </div>plans </div><div id="a136222" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:298.4px;">Swiss GAAP<div style="display:inline-block;width:5.13px"> </div>permit the use<div style="display:inline-block;width:5.35px"> </div>of IFRS or Swiss<div style="display:inline-block;width:5.77px"> </div>accounting standards<div style="display:inline-block;width:5.35px"> </div>for post-employment<div style="display:inline-block;width:5.28px"> </div>benefit plans,<div style="display:inline-block;width:5.28px"> </div>with the election </div><div id="a136226" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:314px;">made on a plan-by-plan basis. </div><div id="a136232" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:336.7px;">UBS<div style="display:inline-block;width:6.03px"> </div>has<div style="display:inline-block;width:5.93px"> </div>elected<div style="display:inline-block;width:5.42px"> </div>to<div style="display:inline-block;width:5.72px"> </div>apply<div style="display:inline-block;width:6.25px"> </div>IFRS<div style="display:inline-block;width:5.57px"> </div>(IAS 19)<div style="display:inline-block;width:6.57px"> </div>for<div style="display:inline-block;width:5.57px"> </div>the<div style="display:inline-block;width:5.72px"> </div>non-Swiss<div style="display:inline-block;width:6.29px"> </div>defined<div style="display:inline-block;width:6.02px"> </div>benefit<div style="display:inline-block;width:6.14px"> </div>plans<div style="display:inline-block;width:6.02px"> </div>in<div style="display:inline-block;width:5.86px"> </div>the<div style="display:inline-block;width:5.77px"> </div>UBS<div style="display:inline-block;width:6.03px"> </div>AG<div style="display:inline-block;width:5.72px"> </div>standalone<div style="display:inline-block;width:6.28px"> </div>financial </div><div id="a136241" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:351.8px;">statements and Swiss GAAP (FER<div style="display:inline-block;width:5.3px"> </div>16) for the Swiss pension<div style="display:inline-block;width:5.53px"> </div>plan in the UBS AG<div style="display:inline-block;width:5.05px"> </div>and the UBS Switzerland AG standalone </div><div id="a136246" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:367.5px;">financial statements. The requirements of Swiss<div style="display:inline-block;width:5.07px"> </div>GAAP are better aligned with the specific nature of Swiss pension plans, </div><div id="a136247" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:382.6px;">which are<div style="display:inline-block;width:6.07px"> </div>hybrid in<div style="display:inline-block;width:6.02px"> </div>that they<div style="display:inline-block;width:5.52px"> </div>combine elements<div style="display:inline-block;width:6.24px"> </div>of defined<div style="display:inline-block;width:6.18px"> </div>contribution<div style="display:inline-block;width:5.76px"> </div>and<div style="display:inline-block;width:5.13px"> </div>defined benefit<div style="display:inline-block;width:5.65px"> </div>plans,<div style="display:inline-block;width:5.18px"> </div>but are<div style="display:inline-block;width:6.12px"> </div>treated as </div><div id="a136249" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:397.7px;">defined<div style="display:inline-block;width:6.02px"> </div>benefit<div style="display:inline-block;width:5.67px"> </div>plans<div style="display:inline-block;width:6.02px"> </div>under<div style="display:inline-block;width:6.13px"> </div>IFRS.<div style="display:inline-block;width:5.67px"> </div>Key<div style="display:inline-block;width:5.9px"> </div>differences<div style="display:inline-block;width:6.31px"> </div>between<div style="display:inline-block;width:6.03px"> </div>Swiss<div style="display:inline-block;width:6.25px"> </div>GAAP<div style="display:inline-block;width:5.88px"> </div>and<div style="display:inline-block;width:6.08px"> </div>IFRS<div style="display:inline-block;width:6.04px"> </div>include<div style="display:inline-block;width:5.87px"> </div>the<div style="display:inline-block;width:5.72px"> </div>treatment<div style="display:inline-block;width:5.82px"> </div>of<div style="display:inline-block;width:6.2px"> </div>dynamic </div><div id="a136250" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:413.4px;">elements, such as future salary<div style="display:inline-block;width:1.86px"> </div>increases and future interest<div style="display:inline-block;width:2.33px"> </div>credits on retirement savings, which are<div style="display:inline-block;width:1.96px"> </div>not considered under </div><div id="a136252" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:428.5px;">the static<div style="display:inline-block;width:5.26px"> </div>method<div style="display:inline-block;width:5.5px"> </div>used in<div style="display:inline-block;width:5.39px"> </div>accordance with<div style="display:inline-block;width:5.91px"> </div>Swiss GAAP.<div style="display:inline-block;width:5.84px"> </div>Also, the<div style="display:inline-block;width:5.29px"> </div>discount<div style="display:inline-block;width:5.13px"> </div>rate used<div style="display:inline-block;width:5.45px"> </div>to determine<div style="display:inline-block;width:5.2px"> </div>the defined<div style="display:inline-block;width:6.18px"> </div>benefit </div><div id="a136253" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:444.1px;">obligation in accordance<div style="display:inline-block;width:5.67px"> </div>with IFRS is<div style="display:inline-block;width:5.3px"> </div>based on the yield<div style="display:inline-block;width:5.27px"> </div>of high-quality corporate<div style="display:inline-block;width:5.34px"> </div>bonds of<div style="display:inline-block;width:5.27px"> </div>the market in<div style="display:inline-block;width:5.22px"> </div>the respective </div><div id="a136257" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:459.2px;">pension<div style="display:inline-block;width:7.37px"> </div>plan<div style="display:inline-block;width:6.92px"> </div>country.<div style="display:inline-block;width:6.89px"> </div>The<div style="display:inline-block;width:6.82px"> </div>discount<div style="display:inline-block;width:7.02px"> </div>rate<div style="display:inline-block;width:6.31px"> </div>used<div style="display:inline-block;width:7.07px"> </div>in<div style="display:inline-block;width:6.72px"> </div>accordance<div style="display:inline-block;width:7.18px"> </div>with<div style="display:inline-block;width:7.14px"> </div>Swiss<div style="display:inline-block;width:6.72px"> </div>GAAP<div style="display:inline-block;width:6.82px"> </div>(i.e.,<div style="display:inline-block;width:7.41px"> </div>the<div style="display:inline-block;width:6.67px"> </div>technical<div style="display:inline-block;width:7.2px"> </div>interest<div style="display:inline-block;width:7.02px"> </div>rate)<div style="display:inline-block;width:6.89px"> </div>is </div><div id="a136258" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:474.8px;">determined by the Pension Foundation<div style="display:inline-block;width:5.6px"> </div>Board based on the expected returns<div style="display:inline-block;width:5.27px"> </div>of the Board’s investment strategy. </div><div id="a136260" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:497.6px;">For defined<div style="display:inline-block;width:5.98px"> </div>benefit plans,<div style="display:inline-block;width:6.29px"> </div>IFRS require<div style="display:inline-block;width:6.15px"> </div>the full<div style="display:inline-block;width:5.67px"> </div>defined benefit<div style="display:inline-block;width:5.65px"> </div>obligation<div style="display:inline-block;width:5.27px"> </div>net of<div style="display:inline-block;width:5.88px"> </div>the plan<div style="display:inline-block;width:5.66px"> </div>assets to<div style="display:inline-block;width:5.82px"> </div>be recorded<div style="display:inline-block;width:5.61px"> </div>on<div style="display:inline-block;width:5.13px"> </div>the </div><div id="a136262" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:512.7px;">balance sheet subject to the<div style="display:inline-block;width:2.19px"> </div>asset ceiling rules, with<div style="display:inline-block;width:2.28px"> </div>changes resulting from remeasurements<div style="display:inline-block;width:2.29px"> </div>recognized directly in equity. </div><div id="a136266" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:527.8px;">However, for non-Swiss defined<div style="display:inline-block;width:5.46px"> </div>benefit plans for which IFRS accounting<div style="display:inline-block;width:5.93px"> </div>is elected, changes<div style="display:inline-block;width:5.65px"> </div>due to remeasurements are </div><div id="a136270" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:543.4px;">recognized in the income statement of UBS<div style="display:inline-block;width:5.4px"> </div>AG standalone under<div style="display:inline-block;width:5.09px"> </div>Swiss GAAP. </div><div id="a136272" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:566.2px;">Swiss GAAP<div style="display:inline-block;width:5.13px"> </div>require employer<div style="display:inline-block;width:5.1px"> </div>contributions to<div style="display:inline-block;width:5.27px"> </div>the pension<div style="display:inline-block;width:5.64px"> </div>fund to<div style="display:inline-block;width:5.08px"> </div>be recognized as<div style="display:inline-block;width:5.61px"> </div>personnel expenses<div style="display:inline-block;width:5.83px"> </div>in the income </div><div id="a136278" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:581.3px;">statement. Swiss<div style="display:inline-block;width:2.34px"> </div>GAAP also require an<div style="display:inline-block;width:1.87px"> </div>assessment of whether, based<div style="display:inline-block;width:2.04px"> </div>on the pension fund’s<div style="display:inline-block;width:2.26px"> </div>financial statements<div style="display:inline-block;width:1.89px"> </div>prepared </div><div id="a136287" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:596.9px;">in accordance<div style="display:inline-block;width:5.96px"> </div>with Swiss<div style="display:inline-block;width:5.93px"> </div>accounting<div style="display:inline-block;width:5.08px"> </div>standards (FER<div style="display:inline-block;width:5.29px"> </div>26), an<div style="display:inline-block;width:5.65px"> </div>economic benefit<div style="display:inline-block;width:5.24px"> </div>to, or<div style="display:inline-block;width:5.98px"> </div>obligation of,<div style="display:inline-block;width:6px"> </div>the employer<div style="display:inline-block;width:5.62px"> </div>arises </div><div id="a136291" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:612px;">from<div style="display:inline-block;width:5.18px"> </div>the<div style="display:inline-block;width:5.25px"> </div>pension<div style="display:inline-block;width:5.96px"> </div>fund<div style="display:inline-block;width:5.75px"> </div>that<div style="display:inline-block;width:5.1px"> </div>is<div style="display:inline-block;width:5.15px"> </div>recognized<div style="display:inline-block;width:6.06px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the<div style="display:inline-block;width:5.25px"> </div>balance<div style="display:inline-block;width:5.77px"> </div>sheet<div style="display:inline-block;width:5.3px"> </div>when<div style="display:inline-block;width:5.71px"> </div>conditions<div style="display:inline-block;width:5.7px"> </div>are<div style="display:inline-block;width:5.76px"> </div>met. Conditions<div style="display:inline-block;width:7.37px"> </div>for<div style="display:inline-block;width:5.1px"> </div>recording<div style="display:inline-block;width:6.35px"> </div>a </div><div id="a136295" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:627.2px;">pension asset<div style="display:inline-block;width:5.53px"> </div>or liability would<div style="display:inline-block;width:5.86px"> </div>be met<div style="display:inline-block;width:5.2px"> </div>if, for<div style="display:inline-block;width:5.05px"> </div>example, an<div style="display:inline-block;width:5.36px"> </div>employer contribution<div style="display:inline-block;width:5.91px"> </div>reserve is<div style="display:inline-block;width:5.5px"> </div>available or<div style="display:inline-block;width:5.52px"> </div>the employer<div style="display:inline-block;width:5.15px"> </div>is </div><div id="a136296" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:642.8px;">required to contribute to the<div style="display:inline-block;width:5.13px"> </div>reduction of a pension deficit (on<div style="display:inline-block;width:5.06px"> </div>an FER 26 basis). </div><div id="a136301" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:672.8px;">8. Leasing </div><div id="a136303" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:696.3px;">Under<div style="display:inline-block;width:7.03px"> </div>IFRS,<div style="display:inline-block;width:6.62px"> </div>a<div style="display:inline-block;width:6.15px"> </div>single<div style="display:inline-block;width:6.87px"> </div>lease<div style="display:inline-block;width:6.57px"> </div>accounting<div style="display:inline-block;width:6.97px"> </div>model<div style="display:inline-block;width:6.29px"> </div>applies<div style="display:inline-block;width:6.87px"> </div>that<div style="display:inline-block;width:6.52px"> </div>requires<div style="display:inline-block;width:6.67px"> </div>UBS<div style="display:inline-block;width:6.5px"> </div>to<div style="display:inline-block;width:6.2px"> </div>record<div style="display:inline-block;width:6.52px"> </div>a<div style="display:inline-block;width:6.62px"> </div>right-of-use<div style="display:inline-block;width:6.96px"> </div>(RoU)<div style="display:inline-block;width:6.91px"> </div>asset<div style="display:inline-block;width:6.57px"> </div>and<div style="display:inline-block;width:6.08px"> </div>a </div><div id="a136308" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:711.4px;">corresponding<div style="display:inline-block;width:5.35px"> </div>lease liability on<div style="display:inline-block;width:5.56px"> </div>the balance sheet<div style="display:inline-block;width:6.13px"> </div>when UBS<div style="display:inline-block;width:5.7px"> </div>is a lessee<div style="display:inline-block;width:5.57px"> </div>in a<div style="display:inline-block;width:5.4px"> </div>lease arrangement.<div style="display:inline-block;width:5.82px"> </div>The RoU<div style="display:inline-block;width:5.59px"> </div>asset and<div style="display:inline-block;width:5.18px"> </div>the </div><div id="a136311" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:726.5px;">lease liability<div style="display:inline-block;width:5.52px"> </div>are recognized<div style="display:inline-block;width:6.25px"> </div>when UBS<div style="display:inline-block;width:5.7px"> </div>acquires control<div style="display:inline-block;width:5.77px"> </div>of the<div style="display:inline-block;width:5.4px"> </div>physical use<div style="display:inline-block;width:5.87px"> </div>of the<div style="display:inline-block;width:5.4px"> </div>asset. The<div style="display:inline-block;width:5.56px"> </div>lease liability<div style="display:inline-block;width:5.05px"> </div>is measured </div><div id="a136312" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:742.1px;">based on the present value of<div style="display:inline-block;width:2.23px"> </div>the lease payments over the lease term, discounted using UBS’s unsecured borrowing rate. </div><div id="a136314" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:757.3px;">The RoU asset is recorded at<div style="display:inline-block;width:2.07px"> </div>an amount equal to<div style="display:inline-block;width:2.11px"> </div>the lease liability<div style="display:inline-block;width:1.89px"> </div>but is adjusted for rent<div style="display:inline-block;width:1.99px"> </div>prepayments, initial direct costs, </div><div id="a136316" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:772.9px;">any costs to refurbish the leased asset and<div style="display:inline-block;width:5.07px"> </div>/ or lease incentives received. The RoU asset is depreciated over the shorter of </div><div id="a136322" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:788px;">the lease term or the useful life of the<div style="display:inline-block;width:5.12px"> </div>underlying asset. </div><div id="a136324" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:810.8px;">Under<div style="display:inline-block;width:6.55px"> </div>Swiss<div style="display:inline-block;width:6.25px"> </div>GAAP,<div style="display:inline-block;width:6.59px"> </div>leases<div style="display:inline-block;width:6.14px"> </div>that<div style="display:inline-block;width:6.04px"> </div>transfer<div style="display:inline-block;width:5.79px"> </div>substantially<div style="display:inline-block;width:6.5px"> </div>all<div style="display:inline-block;width:6.41px"> </div>the<div style="display:inline-block;width:6.2px"> </div>risks<div style="display:inline-block;width:5.99px"> </div>and<div style="display:inline-block;width:6.55px"> </div>rewards,<div style="display:inline-block;width:7.06px"> </div>but<div style="display:inline-block;width:5.45px"> </div>not<div style="display:inline-block;width:6.4px"> </div>necessarily<div style="display:inline-block;width:6.15px"> </div>legal<div style="display:inline-block;width:6.14px"> </div>title<div style="display:inline-block;width:6.11px"> </div>in<div style="display:inline-block;width:6.25px"> </div>the </div><div id="a136327" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:825.9px;">underlying assets, are<div style="display:inline-block;width:2.26px"> </div>classified as finance<div style="display:inline-block;width:2.33px"> </div>leases. All other<div style="display:inline-block;width:2.24px"> </div>leases are classified<div style="display:inline-block;width:1.81px"> </div>as operating leases. Whereas finance<div style="display:inline-block;width:1.99px"> </div>leases </div><div id="a136329" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:841.5px;">are recognized on the<div style="display:inline-block;width:5.02px"> </div>balance sheet and measured in line with<div style="display:inline-block;width:5.06px"> </div>IFRS, operating leases are not<div style="display:inline-block;width:5.21px"> </div>recognized on the balance </div><div id="a136331" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:856.6px;">sheet,<div style="display:inline-block;width:5.4px"> </div>with<div style="display:inline-block;width:5.28px"> </div>payments<div style="display:inline-block;width:5.15px"> </div>recognized<div style="display:inline-block;width:5.59px"> </div>as </div><div id="a136333" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:217.845px;top:856.4px;">General<div style="display:inline-block;width:5.04px"> </div>and<div style="display:inline-block;width:5.13px"> </div>administrative<div style="display:inline-block;width:5.05px"> </div>expenses</div><div id="a136335" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:428.405px;top:856.6px;"><div style="display:inline-block;width:5.2px"> </div>on<div style="display:inline-block;width:5.61px"> </div>a straight-line<div style="display:inline-block;width:6.05px"> </div>basis<div style="display:inline-block;width:5.4px"> </div>over<div style="display:inline-block;width:5.05px"> </div>the<div style="display:inline-block;width:5.25px"> </div>lease<div style="display:inline-block;width:5.15px"> </div>term, </div><div id="a136339" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:872.3px;">which<div style="display:inline-block;width:5.4px"> </div>commences with<div style="display:inline-block;width:6.99px"> </div>control<div style="display:inline-block;width:5.43px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>physical<div style="display:inline-block;width:5.04px"> </div>use<div style="display:inline-block;width:5.45px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>asset.<div style="display:inline-block;width:5.25px"> </div>Lease<div style="display:inline-block;width:5.05px"> </div>incentives<div style="display:inline-block;width:5.36px"> </div>are<div style="display:inline-block;width:5.29px"> </div>treated<div style="display:inline-block;width:5.18px"> </div>as<div style="display:inline-block;width:5.25px"> </div>a<div style="display:inline-block;width:5.2px"> </div>reduction<div style="display:inline-block;width:5.64px"> </div>of<div style="display:inline-block;width:5.25px"> </div>rental </div><div id="a136340" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:887.4px;">expense and recognized<div style="display:inline-block;width:5.03px"> </div>on a consistent basis over the lease term.</div></div><div id="TextBlockContainer924" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:327px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a136384" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">9. Netting of derivative assets and<div style="display:inline-block;width:5.16px"> </div>liabilities </div><div id="a136387" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23px;">Under IFRS, derivative assets,<div style="display:inline-block;width:3.51px"> </div>derivative liabilities and related cash collateral not settled to market are reported on a gross </div><div id="a136397" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.7px;">basis<div style="display:inline-block;width:5.4px"> </div>unless<div style="display:inline-block;width:5.6px"> </div>the<div style="display:inline-block;width:5.25px"> </div>restrictive<div style="display:inline-block;width:5.68px"> </div>IFRS<div style="display:inline-block;width:5.1px"> </div>netting<div style="display:inline-block;width:5.87px"> </div>requirements<div style="display:inline-block;width:6.09px"> </div>are<div style="display:inline-block;width:5.76px"> </div>met:<div style="display:inline-block;width:5.69px"> </div>(i) existence<div style="display:inline-block;width:5.47px"> </div>of<div style="display:inline-block;width:5.72px"> </div>master<div style="display:inline-block;width:5.26px"> </div>netting<div style="display:inline-block;width:5.4px"> </div>agreements<div style="display:inline-block;width:5.91px"> </div>and<div style="display:inline-block;width:5.61px"> </div>related </div><div id="a136402" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">collateral arrangements<div style="display:inline-block;width:6.15px"> </div>that are<div style="display:inline-block;width:5.76px"> </div>unconditional<div style="display:inline-block;width:5.48px"> </div>and<div style="display:inline-block;width:5.13px"> </div>legally enforceable,<div style="display:inline-block;width:6.06px"> </div>in both<div style="display:inline-block;width:6.33px"> </div>the normal<div style="display:inline-block;width:5.35px"> </div>course of<div style="display:inline-block;width:5.93px"> </div>business<div style="display:inline-block;width:5.38px"> </div>and the </div><div id="a136406" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:68.9px;">event of default, bankruptcy or insolvency of UBS<div style="display:inline-block;width:5.37px"> </div>and its counterparties; and (<div style="display:inline-block;width:1.45px"> </div>ii) UBS’s intention to either settle on a<div style="display:inline-block;width:5.09px"> </div>net </div><div id="a136411" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:84.5px;">basis or to realize<div style="display:inline-block;width:2.17px"> </div>the asset and settle<div style="display:inline-block;width:2.24px"> </div>the liability simultaneously.<div style="display:inline-block;width:2.83px"> </div>Under Swiss GAAP, derivative assets, derivative liabilities </div><div id="a136421" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.7px;">and related<div style="display:inline-block;width:5.27px"> </div>cash collateral not<div style="display:inline-block;width:5.19px"> </div>settled to market<div style="display:inline-block;width:5.38px"> </div>are generally<div style="display:inline-block;width:5.23px"> </div>reported on<div style="display:inline-block;width:5.62px"> </div>a net basis, provided<div style="display:inline-block;width:5.98px"> </div>the master netting<div style="display:inline-block;width:5.24px"> </div>and </div><div id="a136426" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:115.3px;">the<div style="display:inline-block;width:5.72px"> </div>related<div style="display:inline-block;width:6.18px"> </div>collateral<div style="display:inline-block;width:6px"> </div>agreements<div style="display:inline-block;width:6.38px"> </div>are<div style="display:inline-block;width:6.23px"> </div>legally<div style="display:inline-block;width:5.83px"> </div>enforceable<div style="display:inline-block;width:6.85px"> </div>in<div style="display:inline-block;width:5.77px"> </div>the<div style="display:inline-block;width:5.72px"> </div>event<div style="display:inline-block;width:5.99px"> </div>of<div style="display:inline-block;width:5.72px"> </div>default,<div style="display:inline-block;width:6.72px"> </div>bankruptcy<div style="display:inline-block;width:5.77px"> </div>or<div style="display:inline-block;width:5.72px"> </div>insolvency<div style="display:inline-block;width:6.46px"> </div>of<div style="display:inline-block;width:5.72px"> </div>UBS’s </div><div id="a136427" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:130.4px;">counterparties. </div><div id="a136430" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:160.9px;">10. Negative interest </div><div id="a136432" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183.9px;">Under<div style="display:inline-block;width:5.13px"> </div>IFRS, negative<div style="display:inline-block;width:5.72px"> </div>interest<div style="display:inline-block;width:5.13px"> </div>income<div style="display:inline-block;width:5.15px"> </div>arising<div style="display:inline-block;width:5.29px"> </div>on<div style="display:inline-block;width:5.13px"> </div>a financial<div style="display:inline-block;width:5.52px"> </div>asset does<div style="display:inline-block;width:6.18px"> </div>not meet<div style="display:inline-block;width:6.2px"> </div>the definition<div style="display:inline-block;width:6.02px"> </div>of interest<div style="display:inline-block;width:6.23px"> </div>income and, </div><div id="a136433" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:199px;">therefore, negative<div style="display:inline-block;width:5.62px"> </div>interest on<div style="display:inline-block;width:5.64px"> </div>financial assets<div style="display:inline-block;width:5.51px"> </div>and negative<div style="display:inline-block;width:5.4px"> </div>interest on<div style="display:inline-block;width:5.64px"> </div>financial liabilities<div style="display:inline-block;width:5.46px"> </div>are presented<div style="display:inline-block;width:5.98px"> </div>within interest </div><div id="a136437" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:214.6px;">expense and<div style="display:inline-block;width:6.51px"> </div>interest income,<div style="display:inline-block;width:5.75px"> </div>respectively.<div style="display:inline-block;width:5.98px"> </div>Under<div style="display:inline-block;width:5.13px"> </div>Swiss GAAP,<div style="display:inline-block;width:8.21px"> </div>negative interest<div style="display:inline-block;width:5.65px"> </div>on financial<div style="display:inline-block;width:5.45px"> </div>assets is<div style="display:inline-block;width:5.72px"> </div>presented<div style="display:inline-block;width:5.32px"> </div>within </div><div id="a136442" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:229.8px;">interest income and negative interest<div style="display:inline-block;width:5.29px"> </div>on financial liabilities is presented<div style="display:inline-block;width:5.29px"> </div>within interest expense. </div><div id="a136444" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:260.2px;">11. Extraordinary income<div style="display:inline-block;width:5.01px"> </div>and expense </div><div id="a136446" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:283.2px;">Certain non-recurring<div style="display:inline-block;width:5.82px"> </div>and non<div style="display:inline-block;width:1.65px"> </div>-operating income<div style="display:inline-block;width:5.06px"> </div>and expense<div style="display:inline-block;width:5.49px"> </div>items, such as<div style="display:inline-block;width:5.45px"> </div>realized<div style="display:inline-block;width:5.55px"> </div>gains or<div style="display:inline-block;width:5.23px"> </div>losses from<div style="display:inline-block;width:5.06px"> </div>the disposal </div><div id="a136452" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:298.4px;">of participations, fixed and intangible assets, and reversals of<div style="display:inline-block;width:2.27px"> </div>impairments of participations and fixed assets, are classified </div><div id="a136456" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:314px;">as extraordinary items under Swiss<div style="display:inline-block;width:5.17px"> </div>GAAP.<div style="display:inline-block;width:6.11px"> </div>This distinction is not available under<div style="display:inline-block;width:5.29px"> </div>IFRS.</div></div> P10Y 11803000000 8534000000 8816000000 6696000000 3366000000 4333000000 1410000000 1437000000 1305000000 6517000000 6605000000 5788000000 7493000000 5844000000 6930000000 20846000000 24422000000 20982000000 1823000000 1985000000 1775000000 19023000000 22438000000 19207000000 1882000000 941000000 1549000000 34915000000 35828000000 33474000000 29000000 -148000000 695000000 15080000000 15661000000 14686000000 9001000000 9476000000 8486000000 1845000000 1875000000 1909000000 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-1366000000 -1611000000 -65000000 -1340000000 -4857000000 4127000000 7000000 -30000000 4104000000 -528000000 -528000000 -1425000000 -1953000000 82432000000 43098000000 39334000000 71460000000 2128000000 59635000000 215655000000 -19390000000 -12249000000 -7141000000 13277000000 -251000000 5903000000 -461000000 -3543000000 -1173000000 -2370000000 -12895000000 -193000000 -7595000000 -24225000000 -2233000000 -1173000000 -1061000000 -1405000000 -113000000 -1285000000 -5036000000 -11490000000 -80000000 -1060000000 -12629000000 -1310000000 -1310000000 -5250000000 -6560000000 59499000000 29676000000 29823000000 71842000000 1684000000 57943000000 190968000000 <div id="TextBlockContainer926" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:71px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a142110" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">a) Material accounting policies </div><div id="a142112" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.3px;">This Note<div style="display:inline-block;width:5.18px"> </div>describes the material<div style="display:inline-block;width:5.31px"> </div>accounting<div style="display:inline-block;width:5.08px"> </div>policies applied<div style="display:inline-block;width:5.17px"> </div>in the preparation<div style="display:inline-block;width:5.57px"> </div>of the consolidated<div style="display:inline-block;width:6px"> </div>financial statements </div><div id="a142113" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.9px;">(the Financial Statements) of UBS AG and its subsidiaries (UBS AG).<div style="display:inline-block;width:5.34px"> </div>On 23 February 2023, the Financial Statements were </div><div id="a142124" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:58px;">authorized for issue by the Board<div style="display:inline-block;width:5.39px"> </div>of Directors (the BoD).</div></div><div id="TextBlockContainer942" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:843px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_928_XBRL_TS_9f7830d16da745eb873abe7514fcab74" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer929" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:143px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a142130" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Basis of accounting </div><div id="a142132" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23.1px;">The Financial<div style="display:inline-block;width:5.67px"> </div>Statements have<div style="display:inline-block;width:5.89px"> </div>been<div style="display:inline-block;width:5.13px"> </div>prepared<div style="display:inline-block;width:5.51px"> </div>in accordance<div style="display:inline-block;width:5.49px"> </div>with International<div style="display:inline-block;width:5.63px"> </div>Financial Reporting<div style="display:inline-block;width:6.54px"> </div>Standards<div style="display:inline-block;width:5.32px"> </div>(IFRS), as </div><div id="a142133" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.2px;">issued by the International Accounting Standards<div style="display:inline-block;width:5.64px"> </div>Board (the IASB),<div style="display:inline-block;width:5.3px"> </div>and are presented in<div style="display:inline-block;width:5.05px"> </div>US dollars (USD). </div><div id="a142136" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61.4px;">Disclosures marked as audited in<div style="display:inline-block;width:5.06px"> </div>the “Risk, capital, liquidity and funding,<div style="display:inline-block;width:5.68px"> </div>and balance sheet” section of this report<div style="display:inline-block;width:5.14px"> </div>form </div><div id="a142142" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.5px;">an integral part of the Financial Statements. These disclosures relate to requirements under<div style="display:inline-block;width:5.06px"> </div>IFRS 7, </div><div id="a142146" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:563.285px;top:76.2px;">Financial Instruments: </div><div id="a142148" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:91.4px;">Disclosures,</div><div id="a142150" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:70.67px;top:91.7px;"><div style="display:inline-block;width:3.78px"> </div>and IAS 1, </div><div id="a142152" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:137.418px;top:91.4px;">Presentation of Financial Statements, </div><div id="a142155" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:350.352px;top:91.7px;">and are not repeated<div style="display:inline-block;width:5.17px"> </div>in this section.<div style="display:inline-block;width:3.84px"> </div></div><div id="a142157" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:114.4px;">The<div style="display:inline-block;width:5.4px"> </div>accounting<div style="display:inline-block;width:5.55px"> </div>policies<div style="display:inline-block;width:5.14px"> </div>described<div style="display:inline-block;width:5.87px"> </div>in<div style="display:inline-block;width:5.3px"> </div>this<div style="display:inline-block;width:5.2px"> </div>Note<div style="display:inline-block;width:5.4px"> </div>have<div style="display:inline-block;width:5.2px"> </div>been<div style="display:inline-block;width:5.61px"> </div>applied<div style="display:inline-block;width:5.6px"> </div>consistently<div style="display:inline-block;width:5.27px"> </div>in<div style="display:inline-block;width:5.3px"> </div>all<div style="display:inline-block;width:5.46px"> </div>years presented<div style="display:inline-block;width:7.07px"> </div>unless<div style="display:inline-block;width:5.6px"> </div>otherwise </div><div id="a142163" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:129.5px;">stated in Note 1b.</div></div></div><div id="a142163_18_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:107.592px;top:129.5px;"><div style="display:inline-block;width:3.31px"> </div></div><div id="a142167" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:145.1px;"> </div><div id="div_930_XBRL_TS_8376fb7ab9524ba68c4d10631a4eab9d" style="position:absolute;left:8.793px;top:164.9px;float:left;"><div id="TextBlockContainer931" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:219px;height:10px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a142168" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Critical accounting estimates and judgments</div></div></div><div id="div_932_XBRL_TS_499a8837bb1e41afb9f2a650a429f491" style="position:absolute;left:8.793px;top:186.9px;float:left;"><div id="TextBlockContainer933" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:677px;height:197px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a142170" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:0px;">Preparation of these<div style="display:inline-block;width:0.71px"> </div>Financial<div style="display:inline-block;width:0.95px"> </div>Statements under<div style="display:inline-block;width:0.62px"> </div>IFRS requires<div style="display:inline-block;width:1.22px"> </div>management to<div style="display:inline-block;width:1.17px"> </div>apply judgment<div style="display:inline-block;width:0.92px"> </div>and make<div style="display:inline-block;width:1.09px"> </div>estimates<div style="display:inline-block;width:1.42px"> </div>and assumptions that<div style="display:inline-block;width:0.55px"> </div>affect reported<div style="display:inline-block;width:0.76px"> </div>amounts </div><div id="a142173" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:13.2px;">of assets, liabilities, income and expenses and disclosure,<div style="display:inline-block;width:1.53px"> </div>of contingent assets and liabilities, and may involve significant<div style="display:inline-block;width:0.82px"> </div>uncertainty at the time they are made. </div><div id="a142178" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:26.5px;">Such estimates and assumptions are based on the<div style="display:inline-block;width:4.53px"> </div>best available information. UBS AG regularly reassesses such estimates and assumptions, which encompass </div><div id="a142186" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:40.2px;">historical experience,<div style="display:inline-block;width:0.63px"> </div>expectations of the<div style="display:inline-block;width:1.17px"> </div>future and other pertinent<div style="display:inline-block;width:0.78px"> </div>factors, to<div style="display:inline-block;width:1.42px"> </div>determine their continuing<div style="display:inline-block;width:0.37px"> </div>relevance based on current<div style="display:inline-block;width:1.36px"> </div>conditions,<div style="display:inline-block;width:1.4px"> </div>updating them </div><div id="a142188" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:53.5px;">as necessary.<div style="display:inline-block;width:4.93px"> </div>Changes in those<div style="display:inline-block;width:4.61px"> </div>estimates and assumptions<div style="display:inline-block;width:4.23px"> </div>may have<div style="display:inline-block;width:4.19px"> </div>a significant effect<div style="display:inline-block;width:4.68px"> </div>on the<div style="display:inline-block;width:4.56px"> </div>Financial Statements. Furthermore, actual results may<div style="display:inline-block;width:5.21px"> </div>differ </div><div id="a142192" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:66.7px;">significantly<div style="display:inline-block;width:1.42px"> </div>from UBS AG’s estimates,<div style="display:inline-block;width:0.78px"> </div>which could result<div style="display:inline-block;width:0.95px"> </div>in significant<div style="display:inline-block;width:0.85px"> </div>losses to UBS AG,<div style="display:inline-block;width:1.23px"> </div>beyond what was<div style="display:inline-block;width:1.08px"> </div>anticipated or provided<div style="display:inline-block;width:0.79px"> </div>for.<div style="display:inline-block;width:3.17px"> </div></div><div id="a142200" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:79.9px;">The<div style="display:inline-block;width:4.41px"> </div>following<div style="display:inline-block;width:4.27px"> </div>areas<div style="display:inline-block;width:4.12px"> </div>contain<div style="display:inline-block;width:4.48px"> </div>estimation<div style="display:inline-block;width:4.09px"> </div>uncertainty<div style="display:inline-block;width:4.1px"> </div>or require<div style="display:inline-block;width:5.79px"> </div>critical<div style="display:inline-block;width:4.2px"> </div>judgment and<div style="display:inline-block;width:5.65px"> </div>have<div style="display:inline-block;width:4.26px"> </div>a significant<div style="display:inline-block;width:5.04px"> </div>effect<div style="display:inline-block;width:4.29px"> </div>on amounts<div style="display:inline-block;width:5.96px"> </div>recognized<div style="display:inline-block;width:4.43px"> </div>in<div style="display:inline-block;width:4.09px"> </div>the Financial </div><div id="a142203" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:93.2px;">Statements:<div style="display:inline-block;width:3.27px"> </div></div><div id="a142205" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:106.8px;">–</div><div id="a142206" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:8.882px;top:106.8px;"> </div><div id="a142207" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:106.9px;">expected credit loss measurement<div style="display:inline-block;width:4.45px"> </div>(refer to item 2g in this Note and<div style="display:inline-block;width:4.42px"> </div>to Note 19); </div><div id="a142213" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:120.1px;">–</div><div id="a142214" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:8.882px;top:120px;"> </div><div id="a142215" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:120.1px;">fair value measurement (refer<div style="display:inline-block;width:4.31px"> </div>to item 2f in this Note and to<div style="display:inline-block;width:4.16px"> </div>Note 20); </div><div id="a142222" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:133.3px;">–</div><div id="a142223" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:8.882px;top:133.3px;"> </div><div id="a142224" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:133.4px;">income taxes (refer to item<div style="display:inline-block;width:4.36px"> </div>6 in this Note and to Note 8); </div><div id="a142230" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:146.6px;">–</div><div id="a142231" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:8.882px;top:146.6px;"> </div><div id="a142232" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:146.7px;">provisions and contingent liabilities<div style="display:inline-block;width:4.54px"> </div>(refer to item 9 in this Note and to Note<div style="display:inline-block;width:4.12px"> </div>17); </div><div id="a142242" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:159.8px;">–</div><div id="a142243" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:8.882px;top:159.8px;"> </div><div id="a142244" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:159.9px;">post-employment benefit plans<div style="display:inline-block;width:4.31px"> </div>(refer to item 5 in this Note and to Note 2<div style="display:inline-block;width:1.51px"> </div>6); </div><div id="a142257" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:173.5px;">–</div><div id="a142258" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:8.882px;top:173.5px;"> </div><div id="a142259" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:173.6px;">goodwill (refer<div style="display:inline-block;width:4.11px"> </div>to item 8 in this Note and to Note 12); and </div><div id="a142267" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:186.8px;">–</div><div id="a142268" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:8.882px;top:186.7px;"> </div><div id="a142269" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:186.9px;">consolidation of structured<div style="display:inline-block;width:4.24px"> </div>entities (refer to item 1 in this<div style="display:inline-block;width:4.17px"> </div>Note and to Note 28).</div></div></div><div id="a142269_83_2" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;color:#000000;left:368.312px;top:373.8px;"><div style="display:inline-block;width:2.37px"> </div></div><div id="div_934_XBRL_TS_092a18b1ea324e8fa14b8661d2382312" style="position:absolute;left:0px;top:405px;float:left;"><div id="TextBlockContainer935" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:212px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a142276" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">1) Consolidation </div><div id="a142278" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23.5px;">The<div style="display:inline-block;width:5.88px"> </div>Financial<div style="display:inline-block;width:5.36px"> </div>Statements<div style="display:inline-block;width:6.35px"> </div>include<div style="display:inline-block;width:6.38px"> </div>the<div style="display:inline-block;width:5.72px"> </div>financial<div style="display:inline-block;width:5.88px"> </div>statements<div style="display:inline-block;width:5.83px"> </div>of<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:5.82px"> </div>UBS<div style="display:inline-block;width:6.03px"> </div>AG<div style="display:inline-block;width:5.75px"> </div>and<div style="display:inline-block;width:6.08px"> </div>its<div style="display:inline-block;width:5.47px"> </div>subsidiaries,<div style="display:inline-block;width:6.07px"> </div>presented<div style="display:inline-block;width:6.26px"> </div>as<div style="display:inline-block;width:5.72px"> </div>a<div style="display:inline-block;width:5.67px"> </div>single </div><div id="a142286" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.6px;">economic entity;<div style="display:inline-block;width:5.01px"> </div>intercompany transactions<div style="display:inline-block;width:5.8px"> </div>and balances<div style="display:inline-block;width:5.38px"> </div>have been eliminated.<div style="display:inline-block;width:5.23px"> </div>UBS AG<div style="display:inline-block;width:5.48px"> </div>consolidates all entities<div style="display:inline-block;width:5.28px"> </div>that it </div><div id="a142294" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:54.2px;">controls,<div style="display:inline-block;width:5.12px"> </div>including<div style="display:inline-block;width:5.23px"> </div>structured<div style="display:inline-block;width:5.28px"> </div>entities (SEs),<div style="display:inline-block;width:6.35px"> </div>which<div style="display:inline-block;width:5.59px"> </div>is the<div style="display:inline-block;width:6.25px"> </div>case when<div style="display:inline-block;width:6.14px"> </div>it has<div style="display:inline-block;width:1.59px"> </div>:<div style="display:inline-block;width:4.83px"> </div>(i) power<div style="display:inline-block;width:5.32px"> </div>over<div style="display:inline-block;width:5.05px"> </div>the relevant<div style="display:inline-block;width:6.6px"> </div>activities<div style="display:inline-block;width:5.17px"> </div>of the </div><div id="a142301" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:69.4px;">entity;<div style="display:inline-block;width:3.51px"> </div>(ii) exposure to<div style="display:inline-block;width:5.05px"> </div>an entity‘s variable returns;<div style="display:inline-block;width:4.87px"> </div>and (iii) the ability to use its power<div style="display:inline-block;width:5.31px"> </div>to affect its own returns. </div><div id="a142318" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:92.1px;">Consideration is<div style="display:inline-block;width:5.48px"> </div>given to all<div style="display:inline-block;width:5.35px"> </div>facts and circumstances to<div style="display:inline-block;width:5.74px"> </div>determine whether UBS<div style="display:inline-block;width:5.88px"> </div>AG has power<div style="display:inline-block;width:5.15px"> </div>over another entity,<div style="display:inline-block;width:4.43px"> </div>i.e., </div><div id="a142329" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.2px;">the current ability to direct the relevant activities<div style="display:inline-block;width:5.22px"> </div>of an entity when decisions<div style="display:inline-block;width:5.31px"> </div>about those activities need to be<div style="display:inline-block;width:5.21px"> </div>made.<div style="display:inline-block;width:4.35px"> </div></div><div id="a142331" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:130.4px;">Subsidiaries,<div style="display:inline-block;width:5.54px"> </div>including<div style="display:inline-block;width:5.7px"> </div>SEs,<div style="display:inline-block;width:5.36px"> </div>are consolidated<div style="display:inline-block;width:6.83px"> </div>from<div style="display:inline-block;width:5.18px"> </div>the date<div style="display:inline-block;width:6.35px"> </div>when<div style="display:inline-block;width:5.24px"> </div>control<div style="display:inline-block;width:5.43px"> </div>is g<div style="display:inline-block;width:1.49px"> </div>ained<div style="display:inline-block;width:5.02px"> </div>and<div style="display:inline-block;width:5.61px"> </div>deconsolidated<div style="display:inline-block;width:5.43px"> </div>from<div style="display:inline-block;width:5.18px"> </div>the<div style="display:inline-block;width:5.25px"> </div>date </div><div id="a142335" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:145.6px;">when control ceases. Control,<div style="display:inline-block;width:5.06px"> </div>or the lack thereof, is reassessed if facts and circumstances<div style="display:inline-block;width:5.43px"> </div>indicate that there is a change </div><div id="a142336" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.7px;">to one or more elements required<div style="display:inline-block;width:5.58px"> </div>to establish that control is present. </div><div id="a142341" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183.4px;">Business<div style="display:inline-block;width:5.38px"> </div>combinations<div style="display:inline-block;width:5.07px"> </div>are accounted<div style="display:inline-block;width:6.21px"> </div>for using<div style="display:inline-block;width:6.23px"> </div>the acquisition<div style="display:inline-block;width:6.49px"> </div>method.<div style="display:inline-block;width:5.13px"> </div>The amount<div style="display:inline-block;width:5.81px"> </div>of any<div style="display:inline-block;width:5.83px"> </div>non-controlling<div style="display:inline-block;width:5.87px"> </div>interest is </div><div id="a142345" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:198.5px;">measured at the non-controlling<div style="display:inline-block;width:5.32px"> </div>interest’s proportionate share<div style="display:inline-block;width:5.14px"> </div>of the acquiree’s identifiable net assets.</div></div></div><div id="a142345_105_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:586.643px;top:603.5px;"><div style="display:inline-block;width:4.54px"> </div></div><div id="a142349" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:615.7px;">›</div><div id="a142350" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:615.9px;"> </div><div id="a142351" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:620.6px;">Refer to Note 28</div><div id="a142353" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#006600;left:114.205px;top:620.6px;"> </div><div id="a142354" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:117.045px;top:620.6px;">for more information </div><div id="a142359" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:633.8px;"> </div><div id="div_936_XBRL_TS_aadf26918d9c43c7aef2b884ba586b87" style="position:absolute;left:8.793px;top:653.6px;float:left;"><div id="TextBlockContainer937" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:219px;height:10px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a142360" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Critical accounting estimates and judgments</div></div></div><div id="div_938_XBRL_TS_4c48ebd5471549c6818f2c7d809a4f1e" style="position:absolute;left:8.793px;top:675.6px;float:left;"><div id="TextBlockContainer939" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:674px;height:64px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a142363" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:0px;">Each individual<div style="display:inline-block;width:4.24px"> </div>entity is assessed<div style="display:inline-block;width:4.48px"> </div>for consolidation in line<div style="display:inline-block;width:4.69px"> </div>with the aforementioned<div style="display:inline-block;width:4.41px"> </div>consolidation principles. The<div style="display:inline-block;width:4.13px"> </div>assessment of<div style="display:inline-block;width:4.63px"> </div>control can be<div style="display:inline-block;width:4.27px"> </div>complex and </div><div id="a142366" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:13.2px;">requires<div style="display:inline-block;width:4.56px"> </div>the use<div style="display:inline-block;width:4.56px"> </div>of significant<div style="display:inline-block;width:4.48px"> </div>judgment,<div style="display:inline-block;width:4.26px"> </div>in particular<div style="display:inline-block;width:4.65px"> </div>in determining<div style="display:inline-block;width:4.9px"> </div>whether UBS<div style="display:inline-block;width:4.93px"> </div>AG has power<div style="display:inline-block;width:5.01px"> </div>over the<div style="display:inline-block;width:4.49px"> </div>entity.<div style="display:inline-block;width:4.8px"> </div>As the<div style="display:inline-block;width:4.64px"> </div>nature and<div style="display:inline-block;width:4.89px"> </div>extent of<div style="display:inline-block;width:4.97px"> </div>UBS AG’s </div><div id="a142381" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:26.5px;">involvement is unique<div style="display:inline-block;width:4.37px"> </div>for each entity,<div style="display:inline-block;width:4.54px"> </div>there is no<div style="display:inline-block;width:4.18px"> </div>uniform consolidation outcome<div style="display:inline-block;width:4.14px"> </div>by entity.<div style="display:inline-block;width:4.31px"> </div>Certain entities within a class<div style="display:inline-block;width:4.16px"> </div>may be consolidated<div style="display:inline-block;width:4.55px"> </div>while others </div><div id="a142389" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:40.2px;">may not.<div style="display:inline-block;width:4.13px"> </div>When carrying out<div style="display:inline-block;width:4.35px"> </div>the consolidation assessment,<div style="display:inline-block;width:4.69px"> </div>judgment is exercised<div style="display:inline-block;width:4.66px"> </div>considering all the relevant<div style="display:inline-block;width:5.21px"> </div>facts and circumstances,<div style="display:inline-block;width:4.36px"> </div>including<div style="display:inline-block;width:4.24px"> </div>the nature </div><div id="a142394" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:53.5px;">and activities of the investee, as well as<div style="display:inline-block;width:4.25px"> </div>the substance of voting and similar rights.</div></div></div><div id="a142394_86_2" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;color:#000000;left:361.004px;top:729.1px;"><div style="display:inline-block;width:2.59px"> </div></div><div id="a142396" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:737.8px;">›</div><div id="a142397" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:738px;"> </div><div id="a142398" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:742.6px;">Refer to Note 28</div><div id="a142400" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#006600;left:114.205px;top:742.6px;"> </div><div id="a142401" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:117.045px;top:742.6px;">for more information </div><div id="div_940_XBRL_TS_f406be315361408db6b909351403986a" style="position:absolute;left:0px;top:774.9px;float:left;"><div id="TextBlockContainer941" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:68px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a142404" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">2)<div style="display:inline-block;width:3.83px"> </div>Financial instruments </div><div id="a142407" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:23.5px;">a. Recognition </div><div id="a142410" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.7px;">UBS AG<div style="display:inline-block;width:5.27px"> </div>recognizes financial<div style="display:inline-block;width:6.22px"> </div>instruments when<div style="display:inline-block;width:5.8px"> </div>it becomes<div style="display:inline-block;width:5.34px"> </div>a party<div style="display:inline-block;width:5.95px"> </div>to contractual<div style="display:inline-block;width:5.47px"> </div>provisions<div style="display:inline-block;width:5.31px"> </div>of an<div style="display:inline-block;width:5.2px"> </div>instrument. UBS<div style="display:inline-block;width:5.77px"> </div>AG </div><div id="a142424" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:54.3px;">applies settlement date accounting<div style="display:inline-block;width:5.22px"> </div>to all standard purchases<div style="display:inline-block;width:5.27px"> </div>and sales of non-derivative financial instruments.</div></div></div></div><div id="TextBlockContainer945" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:830px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a142467" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">In<div style="display:inline-block;width:6.72px"> </div>transactions<div style="display:inline-block;width:6.63px"> </div>where<div style="display:inline-block;width:7.04px"> </div>UBS<div style="display:inline-block;width:6.5px"> </div>AG<div style="display:inline-block;width:6.22px"> </div>acts<div style="display:inline-block;width:6.31px"> </div>as<div style="display:inline-block;width:6.71px"> </div>a<div style="display:inline-block;width:6.62px"> </div>transferee,<div style="display:inline-block;width:6.6px"> </div>to<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:6.67px"> </div>extent<div style="display:inline-block;width:6.41px"> </div>the<div style="display:inline-block;width:6.67px"> </div>financial<div style="display:inline-block;width:6.38px"> </div>asset<div style="display:inline-block;width:6.57px"> </div>transfer<div style="display:inline-block;width:6.26px"> </div>does<div style="display:inline-block;width:7.07px"> </div>not<div style="display:inline-block;width:6.4px"> </div>qualify<div style="display:inline-block;width:6.46px"> </div>for </div><div id="a142484" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">derecognition by the transferor,<div style="display:inline-block;width:5.27px"> </div>UBS AG does not recognize<div style="display:inline-block;width:4.64px"> </div>the transferred instrument as<div style="display:inline-block;width:5.14px"> </div>its asset. </div><div id="a142495" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:38.3px;">UBS<div style="display:inline-block;width:5.59px"> </div>AG<div style="display:inline-block;width:5.25px"> </div>also<div style="display:inline-block;width:5.35px"> </div>acts in<div style="display:inline-block;width:6.52px"> </div>a<div style="display:inline-block;width:5.2px"> </div>fiduciary<div style="display:inline-block;width:5.63px"> </div>capacity,<div style="display:inline-block;width:5.39px"> </div>which<div style="display:inline-block;width:5.4px"> </div>results<div style="display:inline-block;width:5.33px"> </div>in<div style="display:inline-block;width:5.48px"> </div>it<div style="display:inline-block;width:5.42px"> </div>holding<div style="display:inline-block;width:6px"> </div>or<div style="display:inline-block;width:5.25px"> </div>placing<div style="display:inline-block;width:5.4px"> </div>assets<div style="display:inline-block;width:5.2px"> </div>on<div style="display:inline-block;width:5.61px"> </div>behalf<div style="display:inline-block;width:5.35px"> </div>of<div style="display:inline-block;width:5.25px"> </div>individuals,<div style="display:inline-block;width:5.54px"> </div>trusts, </div><div id="a142504" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:53.5px;">retirement benefit<div style="display:inline-block;width:6.06px"> </div>plans<div style="display:inline-block;width:5.08px"> </div>and other<div style="display:inline-block;width:5.81px"> </div>institutions. Unless<div style="display:inline-block;width:6.55px"> </div>these items<div style="display:inline-block;width:5.52px"> </div>meet the<div style="display:inline-block;width:5.52px"> </div>definition<div style="display:inline-block;width:5.39px"> </div>of an<div style="display:inline-block;width:5.56px"> </div>asset and<div style="display:inline-block;width:5.82px"> </div>the recognition </div><div id="a142507" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:69.1px;">criteria are<div style="display:inline-block;width:5.47px"> </div>satisfied,<div style="display:inline-block;width:5.15px"> </div>they are<div style="display:inline-block;width:5.74px"> </div>not recognized<div style="display:inline-block;width:6.42px"> </div>on<div style="display:inline-block;width:5.13px"> </div>UBS AG’s<div style="display:inline-block;width:5.99px"> </div>balance sheet<div style="display:inline-block;width:5.98px"> </div>and<div style="display:inline-block;width:5.13px"> </div>the related<div style="display:inline-block;width:5.45px"> </div>income is<div style="display:inline-block;width:5.73px"> </div>excluded<div style="display:inline-block;width:5.3px"> </div>from the </div><div id="a142522" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:84.2px;">Financial Statements.<div style="display:inline-block;width:4.8px"> </div></div><div id="a142527" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:106.9px;">Client cash balances associated with derivatives<div style="display:inline-block;width:5.81px"> </div>clearing and execution services are not<div style="display:inline-block;width:5.68px"> </div>recognized on the balance<div style="display:inline-block;width:5.03px"> </div>sheet </div><div id="a142528" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:122.1px;">if, through<div style="display:inline-block;width:5.62px"> </div>contractual agreement, regulation<div style="display:inline-block;width:5.87px"> </div>or practice,<div style="display:inline-block;width:5.03px"> </div>UBS AG<div style="display:inline-block;width:5.27px"> </div>neither obtains<div style="display:inline-block;width:5.23px"> </div>benefits from nor<div style="display:inline-block;width:5.69px"> </div>controls such<div style="display:inline-block;width:5.56px"> </div>cash </div><div id="a142537" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:137.7px;">balances. </div><div id="a142539" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:160.4px;">b. Classification, measurement and<div style="display:inline-block;width:5.29px"> </div>presentation </div><div id="a142544" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#E60000;left:4.905px;top:182.9px;">Financial assets<div style="display:inline-block;width:7.88px"> </div></div><div id="a142548" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:198.2px;">Where the contractual<div style="display:inline-block;width:5.69px"> </div>terms of a<div style="display:inline-block;width:5.05px"> </div>debt instrument<div style="display:inline-block;width:5.02px"> </div>result in cash<div style="display:inline-block;width:5.16px"> </div>flows that are<div style="display:inline-block;width:5.49px"> </div>solely payments of principal<div style="display:inline-block;width:5.29px"> </div>and interest </div><div id="a142550" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:213.4px;">(SPPI) on<div style="display:inline-block;width:5.34px"> </div>the principal amount<div style="display:inline-block;width:6.27px"> </div>outstanding,<div style="display:inline-block;width:5.27px"> </div>the debt<div style="display:inline-block;width:5.17px"> </div>instrument is<div style="display:inline-block;width:5.19px"> </div>classified as measured<div style="display:inline-block;width:6.42px"> </div>at amortized<div style="display:inline-block;width:5.26px"> </div>cost if it<div style="display:inline-block;width:5.74px"> </div>is held </div><div id="a142555" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:229px;">within a business model that has an objective of holding financial assets to collect contractual cash<div style="display:inline-block;width:5.08px"> </div>flows, or at fair value </div><div id="a142557" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:244.1px;">through other<div style="display:inline-block;width:5.4px"> </div>comprehensive income<div style="display:inline-block;width:5.06px"> </div>(FVOCI) if it<div style="display:inline-block;width:5.27px"> </div>is held<div style="display:inline-block;width:5.08px"> </div>within a<div style="display:inline-block;width:5.2px"> </div>business model<div style="display:inline-block;width:5.16px"> </div>with the objective being<div style="display:inline-block;width:5.75px"> </div>achieved by </div><div id="a142559" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:259.7px;">both collecting contractual cash flows<div style="display:inline-block;width:5.12px"> </div>and selling financial assets.<div style="display:inline-block;width:5.17px"> </div></div><div id="a142561" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:282.5px;">All other<div style="display:inline-block;width:6.3px"> </div>financial assets<div style="display:inline-block;width:6.46px"> </div>are measured<div style="display:inline-block;width:6.72px"> </div>at fair<div style="display:inline-block;width:6.31px"> </div>value<div style="display:inline-block;width:5.1px"> </div>through<div style="display:inline-block;width:5.67px"> </div>profit or<div style="display:inline-block;width:5.44px"> </div>loss (<div style="display:inline-block;width:1.92px"> </div>FVTPL), including<div style="display:inline-block;width:7.04px"> </div>those<div style="display:inline-block;width:5.03px"> </div>held<div style="display:inline-block;width:5.03px"> </div>for trading<div style="display:inline-block;width:5.87px"> </div>or </div><div id="a142569" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:297.6px;">those<div style="display:inline-block;width:5.53px"> </div>managed<div style="display:inline-block;width:5.66px"> </div>on<div style="display:inline-block;width:5.61px"> </div>a<div style="display:inline-block;width:5.2px"> </div>fair value<div style="display:inline-block;width:6.21px"> </div>basis,<div style="display:inline-block;width:5.5px"> </div>except<div style="display:inline-block;width:5.79px"> </div>for<div style="display:inline-block;width:5.1px"> </div>derivatives<div style="display:inline-block;width:5.48px"> </div>designated<div style="display:inline-block;width:5.8px"> </div>in<div style="display:inline-block;width:5.3px"> </div>a<div style="display:inline-block;width:5.2px"> </div>hedge<div style="display:inline-block;width:5.81px"> </div>relationship,<div style="display:inline-block;width:5.78px"> </div>in<div style="display:inline-block;width:5.3px"> </div>which<div style="display:inline-block;width:5.4px"> </div>case<div style="display:inline-block;width:5.05px"> </div>hedge </div><div id="a142571" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:312.7px;">accounting requirements apply (refer to item<div style="display:inline-block;width:5.31px"> </div>2j in this Note for more information).<div style="display:inline-block;width:5.63px"> </div></div><div id="a142575" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:335.7px;">Business model assessment and<div style="display:inline-block;width:5.48px"> </div>contractual cash flow characteristics<div style="display:inline-block;width:4.74px"> </div></div><div id="a142581" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:351.1px;">UBS<div style="display:inline-block;width:5.12px"> </div>AG determines<div style="display:inline-block;width:5.72px"> </div>the nature<div style="display:inline-block;width:6.17px"> </div>of a<div style="display:inline-block;width:5.45px"> </div>business<div style="display:inline-block;width:5.42px"> </div>model by<div style="display:inline-block;width:5.45px"> </div>considering<div style="display:inline-block;width:5.23px"> </div>the way<div style="display:inline-block;width:5.73px"> </div>financial assets<div style="display:inline-block;width:5.51px"> </div>are managed<div style="display:inline-block;width:6.32px"> </div>to achieve<div style="display:inline-block;width:5.52px"> </div>a </div><div id="a142589" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:366.2px;">particular business objective.<div style="display:inline-block;width:4.96px"> </div></div><div id="a142591" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:389.4px;">In assessing whether contractual<div style="display:inline-block;width:2.17px"> </div>cash flows are SPPI, the<div style="display:inline-block;width:2.31px"> </div>UBS AG considers whether the<div style="display:inline-block;width:1.83px"> </div>contractual terms of the<div style="display:inline-block;width:2.12px"> </div>financial </div><div id="a142597" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:404.5px;">asset<div style="display:inline-block;width:5.62px"> </div>contain<div style="display:inline-block;width:5.82px"> </div>a<div style="display:inline-block;width:5.67px"> </div>term<div style="display:inline-block;width:5.69px"> </div>that<div style="display:inline-block;width:5.57px"> </div>could<div style="display:inline-block;width:5.98px"> </div>change<div style="display:inline-block;width:6.08px"> </div>the<div style="display:inline-block;width:5.72px"> </div>timing<div style="display:inline-block;width:5.56px"> </div>or<div style="display:inline-block;width:5.72px"> </div>amount<div style="display:inline-block;width:5.98px"> </div>of<div style="display:inline-block;width:5.72px"> </div>contractual<div style="display:inline-block;width:5.79px"> </div>cash<div style="display:inline-block;width:6.2px"> </div>flows<div style="display:inline-block;width:5.77px"> </div>arising<div style="display:inline-block;width:5.77px"> </div>over<div style="display:inline-block;width:5.52px"> </div>the<div style="display:inline-block;width:5.72px"> </div>life<div style="display:inline-block;width:5.31px"> </div>of<div style="display:inline-block;width:5.72px"> </div>the </div><div id="a142598" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:419.7px;">instrument. This assessment includes<div style="display:inline-block;width:5.6px"> </div>contractual cash flows that<div style="display:inline-block;width:5.19px"> </div>may vary due to environmental,<div style="display:inline-block;width:5.44px"> </div>social and governance </div><div id="a142600" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:434.8px;">(ESG) triggers. </div><div id="a142603" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#E60000;left:4.905px;top:457.7px;">Financial liabilities<div style="display:inline-block;width:4.53px"> </div></div><div id="a142607" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:480.4px;">Financial liabilities measured at amortized<div style="display:inline-block;width:5.51px"> </div>cost<div style="display:inline-block;width:7.46px"> </div></div><div id="a142613" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:495.8px;">Financial liabilities<div style="display:inline-block;width:5.41px"> </div>measured at<div style="display:inline-block;width:5.54px"> </div>amortized cost<div style="display:inline-block;width:5.79px"> </div>include </div><div id="a142614" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:319.578px;top:495.6px;">Debt issued<div style="display:inline-block;width:5.43px"> </div>measured at<div style="display:inline-block;width:5.3px"> </div>amortized cost</div><div id="a142615" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:550.005px;top:495.8px;"><div style="display:inline-block;width:4.29px"> </div>and </div><div id="a142617" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:580.312px;top:495.6px;">Funding from<div style="display:inline-block;width:5.28px"> </div>UBS </div><div id="a142618" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:510.7px;">Group<div style="display:inline-block;width:6.02px"> </div>AG</div><div id="a142619" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:65.469px;top:511px;"> </div><div id="a142620" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:71.144px;top:510.7px;">measured<div style="display:inline-block;width:5.82px"> </div>at<div style="display:inline-block;width:5.52px"> </div>amortized<div style="display:inline-block;width:5.79px"> </div>cost</div><div id="a142621" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:233.912px;top:511px;">.<div style="display:inline-block;width:5.81px"> </div>The<div style="display:inline-block;width:5.88px"> </div>latter<div style="display:inline-block;width:5.58px"> </div>includes<div style="display:inline-block;width:5.92px"> </div>contingent<div style="display:inline-block;width:6.07px"> </div>capital<div style="display:inline-block;width:5.79px"> </div>instruments<div style="display:inline-block;width:6.14px"> </div>issued<div style="display:inline-block;width:6.07px"> </div>to<div style="display:inline-block;width:5.72px"> </div>UBS<div style="display:inline-block;width:6.03px"> </div>Group<div style="display:inline-block;width:6.26px"> </div>AG </div><div id="a142624" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:526.6px;">containing<div style="display:inline-block;width:5.21px"> </div>contractual provisions<div style="display:inline-block;width:6.47px"> </div>under<div style="display:inline-block;width:5.18px"> </div>which the<div style="display:inline-block;width:5.56px"> </div>principal amounts<div style="display:inline-block;width:6.07px"> </div>would be<div style="display:inline-block;width:6.12px"> </div>written down<div style="display:inline-block;width:5.76px"> </div>or converted<div style="display:inline-block;width:5.72px"> </div>into equity </div><div id="a142628" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:541.7px;">upon<div style="display:inline-block;width:6.48px"> </div>either<div style="display:inline-block;width:5.47px"> </div>a<div style="display:inline-block;width:5.67px"> </div>specified<div style="display:inline-block;width:5.66px"> </div>common<div style="display:inline-block;width:5.77px"> </div>equity<div style="display:inline-block;width:5.62px"> </div>tier 1<div style="display:inline-block;width:6.11px"> </div>(CET1)<div style="display:inline-block;width:6.16px"> </div>ratio<div style="display:inline-block;width:5.47px"> </div>breach<div style="display:inline-block;width:5.96px"> </div>or<div style="display:inline-block;width:5.78px"> </div>a<div style="display:inline-block;width:5.67px"> </div>determination<div style="display:inline-block;width:6.61px"> </div>by<div style="display:inline-block;width:5.74px"> </div>the<div style="display:inline-block;width:5.75px"> </div>Swiss<div style="display:inline-block;width:5.77px"> </div>Financial<div style="display:inline-block;width:5.36px"> </div>Market </div><div id="a142639" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:556.8px;">Supervisory Authority<div style="display:inline-block;width:5.23px"> </div>(FINMA) that a<div style="display:inline-block;width:5.57px"> </div>viability event has occurred.<div style="display:inline-block;width:5.67px"> </div>Such contractual provisions<div style="display:inline-block;width:5.83px"> </div>are not<div style="display:inline-block;width:5.17px"> </div>derivatives, as the </div><div id="a142646" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:572.5px;">underlying is deemed to be<div style="display:inline-block;width:5.09px"> </div>a non-financial variable specific to a party to<div style="display:inline-block;width:5.16px"> </div>the contract.<div style="display:inline-block;width:4.69px"> </div></div><div id="a142651" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:595.2px;">If a debt were to be written down or converted into equity in<div style="display:inline-block;width:5.14px"> </div>a future period, it would be partially or fully derecognized, </div><div id="a142655" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:610.3px;">with<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:6.2px"> </div>difference<div style="display:inline-block;width:6.26px"> </div>between<div style="display:inline-block;width:6.5px"> </div>its<div style="display:inline-block;width:5.94px"> </div>carrying<div style="display:inline-block;width:5.74px"> </div>amount<div style="display:inline-block;width:6.45px"> </div>and<div style="display:inline-block;width:6.55px"> </div>the<div style="display:inline-block;width:5.72px"> </div>fair<div style="display:inline-block;width:5.74px"> </div>value<div style="display:inline-block;width:6.04px"> </div>of<div style="display:inline-block;width:6.2px"> </div>any<div style="display:inline-block;width:6.15px"> </div>equity<div style="display:inline-block;width:6.09px"> </div>issued<div style="display:inline-block;width:6.55px"> </div>recognized<div style="display:inline-block;width:6.06px"> </div>in<div style="display:inline-block;width:6.25px"> </div>the<div style="display:inline-block;width:5.72px"> </div>income </div><div id="a142656" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:625.9px;">statement.<div style="display:inline-block;width:4.03px"> </div></div><div id="a142659" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:648.6px;">A gain or loss is recognized<div style="display:inline-block;width:5.81px"> </div>in </div><div id="a142661" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:178.552px;top:648.4px;">Other income</div><div id="a142662" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:256.645px;top:648.6px;"><div style="display:inline-block;width:3.79px"> </div>when debt issued<div style="display:inline-block;width:5.15px"> </div>is subsequently repurchased<div style="display:inline-block;width:5.89px"> </div>for market-making or<div style="display:inline-block;width:5.08px"> </div>other </div><div id="a142666" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:663.8px;">activities. A subsequent<div style="display:inline-block;width:5.18px"> </div>sale of own bonds in the market is treated as a reissuance<div style="display:inline-block;width:5.28px"> </div>of debt. </div><div id="a142668" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:686.2px;">Financial liabilities measured at fair value<div style="display:inline-block;width:5.3px"> </div>through profit or loss<div style="display:inline-block;width:8.42px"> </div></div><div id="a142673" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:701.6px;">UBS AG designates certain<div style="display:inline-block;width:5.04px"> </div>issued debt instruments as financial<div style="display:inline-block;width:5.57px"> </div>liabilities at fair value through<div style="display:inline-block;width:5.84px"> </div>profit or loss, on the<div style="display:inline-block;width:5.08px"> </div>basis </div><div id="a142678" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:717.2px;">that such financial instruments include non<div style="display:inline-block;width:1.82px"> </div>-closely-related embedded derivatives that<div style="display:inline-block;width:5.27px"> </div>significantly impact the cash flows </div><div id="a142686" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:732.4px;">of the instrument<div style="display:inline-block;width:5.92px"> </div>and /<div style="display:inline-block;width:5.34px"> </div>or are<div style="display:inline-block;width:5.44px"> </div>managed on<div style="display:inline-block;width:5.69px"> </div>a fair value<div style="display:inline-block;width:5.37px"> </div>basis (refer<div style="display:inline-block;width:5.86px"> </div>to the table<div style="display:inline-block;width:5.93px"> </div>below for<div style="display:inline-block;width:5.13px"> </div>more information).<div style="display:inline-block;width:6.11px"> </div>Financial </div><div id="a142687" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:748px;">instruments<div style="display:inline-block;width:8.97px"> </div>including<div style="display:inline-block;width:9.48px"> </div>embedded<div style="display:inline-block;width:9.64px"> </div>derivatives<div style="display:inline-block;width:8.79px"> </div>arise<div style="display:inline-block;width:8.78px"> </div>predominantly<div style="display:inline-block;width:9.84px"> </div>from<div style="display:inline-block;width:9.44px"> </div>the<div style="display:inline-block;width:9.03px"> </div>issuance<div style="display:inline-block;width:9.18px"> </div>of<div style="display:inline-block;width:9.03px"> </div>certain<div style="display:inline-block;width:8.57px"> </div>structured<div style="display:inline-block;width:9.54px"> </div>debt </div><div id="a142688" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:763.1px;">instruments.<div style="display:inline-block;width:4.41px"> </div></div><div id="a142691" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#E60000;left:4.905px;top:785.6px;">Measurement and presentation<div style="display:inline-block;width:8.64px"> </div></div><div id="a142693" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:801px;">After initial<div style="display:inline-block;width:5.61px"> </div>recognition,<div style="display:inline-block;width:5.84px"> </div>UBS<div style="display:inline-block;width:5.15px"> </div>AG classifies,<div style="display:inline-block;width:5.44px"> </div>measures<div style="display:inline-block;width:5.43px"> </div>and<div style="display:inline-block;width:5.13px"> </div>presents<div style="display:inline-block;width:5.16px"> </div>its financial<div style="display:inline-block;width:5.78px"> </div>assets<div style="display:inline-block;width:5.2px"> </div>and<div style="display:inline-block;width:5.13px"> </div>liabilities in<div style="display:inline-block;width:5.35px"> </div>accordance<div style="display:inline-block;width:5.29px"> </div>with </div><div id="a142701" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:816.6px;">IFRS 9, as described in the table<div style="display:inline-block;width:5.07px"> </div>below.</div></div><div id="TextBlockContainer952" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:574px;height:234px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_948_XBRL_TS_59701656ff3c482f9bb2ae63a22ae903" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer949" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:312px;height:10px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a142745" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Classification, measurement<div style="display:inline-block;width:4.18px"> </div>and presentation of financial assets</div></div></div><div id="a142745_64_2" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:305.112px;top:0px;"><div style="display:inline-block;width:2.84px"> </div></div><div id="div_950_XBRL_TS_531680c86d2d4c6fa8311f84290f902c" style="position:absolute;left:10.877px;top:27.5px;float:left;"><div id="TextBlockContainer951" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:563px;height:206px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a142749" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Financial assets classification </div><div id="a142753" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:162.675px;top:0px;">Significant items included </div><div id="a142755" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:406.848px;top:0px;">Measurement and<div style="display:inline-block;width:4.1px"> </div>presentation </div><div id="a142757" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:21.7px;">Measured at<div style="display:inline-block;width:3.19px"> </div></div><div id="a142759" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:34.1px;">amortized cost </div><div id="a142761" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:22px;">This classification includes: </div><div id="a142763" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:37.6px;">–</div><div id="a142764" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.875px;top:37.5px;"> </div><div id="a142765" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:37.6px;">cash and balances at central banks; </div><div id="a142768" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:52.7px;">–</div><div id="a142769" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.875px;top:52.6px;"> </div><div id="a142770" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:52.7px;">loans and advances to banks; </div><div id="a142773" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:67.9px;">–</div><div id="a142774" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.875px;top:67.8px;"> </div><div id="a142775" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:67.9px;">receivables from<div style="display:inline-block;width:4.27px"> </div>securities financing transactions; </div><div id="a142779" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:83.5px;">–</div><div id="a142780" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.875px;top:83.4px;"> </div><div id="a142781" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:83.5px;">cash collateral receivables<div style="display:inline-block;width:4.13px"> </div>on derivative </div><div id="a142782" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:95.3px;">instruments; </div><div id="a142785" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:110.9px;">–</div><div id="a142786" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.875px;top:110.8px;"> </div><div id="a142787" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:110.9px;">residential and<div style="display:inline-block;width:4.1px"> </div>commercial mortgages; </div><div id="a142790" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:126.1px;">–</div><div id="a142791" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.875px;top:126px;"> </div><div id="a142792" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:126.1px;">corporate loans; </div><div id="a142795" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:141.7px;">–</div><div id="a142796" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.875px;top:141.6px;"> </div><div id="a142797" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:141.7px;">secured loans, including Lombard<div style="display:inline-block;width:4.64px"> </div>loans, and </div><div id="a142798" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:153.5px;">unsecured loans; </div><div id="a142801" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:168.7px;">–</div><div id="a142802" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.875px;top:168.5px;"> </div><div id="a142803" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:168.7px;">loans to financial advisors;<div style="display:inline-block;width:4.06px"> </div>and </div><div id="a142806" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:184.3px;">–</div><div id="a142807" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.875px;top:184.2px;"> </div><div id="a142808" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:184.3px;">debt securities held as high<div style="display:inline-block;width:1.6px"> </div>-quality liquid assets </div><div id="a142812" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:196.1px;">(HQLA).<div style="display:inline-block;width:2.84px"> </div></div></div></div></div><div id="TextBlockContainer955" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:671px;height:417px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a142816" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:0px;">Measured at amortized<div style="display:inline-block;width:4.11px"> </div>cost using the effective interest </div><div id="a142817" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:12.3px;">method less allowances<div style="display:inline-block;width:4.15px"> </div>for expected credit losses (ECL) </div><div id="a142818" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:24.1px;">(refer to items 2d and 2g in<div style="display:inline-block;width:4.38px"> </div>this Note for more information). </div><div id="a142828" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:54.9px;">The following items are recognized<div style="display:inline-block;width:4.73px"> </div>in the income </div><div id="a142830" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:66.7px;">statement: </div><div id="a142832" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:82.3px;">–</div><div id="a142833" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:412.048px;top:82.2px;"> </div><div id="a142834" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:418.195px;top:82.3px;">interest income, which is<div style="display:inline-block;width:4.11px"> </div>accounted for in accordance </div><div id="a142835" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:418.195px;top:94.1px;">with item 2d in this Note; </div><div id="a142841" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:109.3px;">–</div><div id="a142842" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:412.048px;top:109.2px;"> </div><div id="a142843" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:418.195px;top:109.3px;">ECL and reversals;<div style="display:inline-block;width:4.02px"> </div>and </div><div id="a142846" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:124.9px;">–</div><div id="a142847" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:412.048px;top:124.8px;"> </div><div id="a142848" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:418.195px;top:124.9px;">foreign exchange (FX)<div style="display:inline-block;width:4.1px"> </div>translation gains and losses. </div><div id="a142855" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:155.7px;">When a financial asset at amortized<div style="display:inline-block;width:4.44px"> </div>cost is derecognized, </div><div id="a142859" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:167.5px;">the gain or loss is recognized<div style="display:inline-block;width:4.43px"> </div>in the income statement. </div><div id="a142863" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:198.2px;">For amounts arising from<div style="display:inline-block;width:4.4px"> </div>settlement of certain derivatives, </div><div id="a142866" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:210.1px;">see below in this table.<div style="display:inline-block;width:3.65px"> </div></div><div id="a142870" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:233.5px;">Measured at </div><div id="a142871" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:245.8px;">FVOCI<div style="display:inline-block;width:3.1px"> </div></div><div id="a142873" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.915px;top:233.7px;">Debt </div><div id="a142874" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.915px;top:246px;">instruments </div><div id="a142875" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.915px;top:257.8px;">measured at </div><div id="a142876" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.915px;top:269.7px;">FVOCI </div><div id="a142878" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:233.7px;">This classification primarily includes<div style="display:inline-block;width:4.33px"> </div>debt securities </div><div id="a142879" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:246px;">and certain asset-backed securities<div style="display:inline-block;width:4.23px"> </div>held as HQLA. </div><div id="a142884" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:233.7px;">Measured at fair value<div style="display:inline-block;width:1.42px"> </div>,<div style="display:inline-block;width:2.92px"> </div>with unrealized gains and losses </div><div id="a142888" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:246px;">reported in </div><div id="a142889" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:457.475px;top:245.8px;">Other comprehensive income, </div><div id="a142890" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:588.062px;top:246px;">net of applicable </div><div id="a142891" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:257.8px;">income taxes, until such investments<div style="display:inline-block;width:4.4px"> </div>are derecognized. </div><div id="a142892" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:269.7px;">Upon derecognition, any accumulated<div style="display:inline-block;width:4.47px"> </div>balances in </div><div id="a142894" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:623.088px;top:269.5px;">Other </div><div id="a142895" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:406.848px;top:281.8px;">comprehensive income </div><div id="a142896" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:507.635px;top:282px;">are reclassified to the income </div><div id="a142897" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:293.8px;">statement and reported<div style="display:inline-block;width:4.26px"> </div>within </div><div id="a142898" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:540.768px;top:293.6px;">Other income. </div><div id="a142901" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:324.5px;">The following items, which are<div style="display:inline-block;width:4.31px"> </div>determined on the same </div><div id="a142903" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:336.4px;">basis as for financial assets measured<div style="display:inline-block;width:4.25px"> </div>at amortized cost, are </div><div id="a142906" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:348.7px;">recognized in the income<div style="display:inline-block;width:4.26px"> </div>statement: </div><div id="a142909" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:363.8px;">–</div><div id="a142910" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:412.048px;top:363.7px;"> </div><div id="a142911" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:418.195px;top:363.8px;">interest income, which is<div style="display:inline-block;width:4.11px"> </div>accounted for in accordance </div><div id="a142912" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:418.195px;top:375.7px;">with item 2d in this Note; </div><div id="a142918" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:391.3px;">–</div><div id="a142919" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:412.048px;top:391.1px;"> </div><div id="a142920" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:418.195px;top:391.3px;">ECL and reversals; and </div><div id="a142922" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:406.4px;">–</div><div id="a142923" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:412.048px;top:406.3px;"> </div><div id="a142924" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:418.195px;top:406.4px;">FX translation gains and losses.</div></div><div id="TextBlockContainer959" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:583px;height:210px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a142967" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Classification, measurement<div style="display:inline-block;width:4.18px"> </div>and presentation of financial assets<div style="display:inline-block;width:3.59px"> </div></div><div id="a142971" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:7.463px;top:27.5px;">Financial assets classification </div><div id="a142976" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:162.672px;top:27.5px;">Significant items included </div><div id="a142978" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:427.179px;top:27.5px;">Measurement and<div style="display:inline-block;width:4.1px"> </div>presentation </div><div id="a142980" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:7.463px;top:49.2px;">Measured at </div><div id="a142981" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:7.463px;top:61.5px;">FVTPL </div><div id="a142983" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:78.462px;top:49.4px;">Held for<div style="display:inline-block;width:3.14px"> </div></div><div id="a142985" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:78.462px;top:61.8px;">trading </div><div id="a142987" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.672px;top:49.4px;">Financial assets held for<div style="display:inline-block;width:4.16px"> </div>trading include: </div><div id="a142989" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.672px;top:65.1px;">–</div><div id="a142990" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.872px;top:65px;"> </div><div id="a142991" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.019px;top:65.1px;">all derivatives with a positive<div style="display:inline-block;width:4.1px"> </div>replacement value, except </div><div id="a142992" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.019px;top:76.9px;">those that are designated<div style="display:inline-block;width:4.16px"> </div>and effective hedging </div><div id="a142994" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.019px;top:88.7px;">instruments; and </div><div id="a142998" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.672px;top:104.3px;">–</div><div id="a142999" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.872px;top:104.2px;"> </div><div id="a143000" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.019px;top:104.3px;">other financial assets acquired<div style="display:inline-block;width:4.18px"> </div>principally for the </div><div id="a143001" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.019px;top:116.2px;">purpose of selling or repurchasing<div style="display:inline-block;width:4.32px"> </div>in the near term, or </div><div id="a143002" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.019px;top:128.5px;">that are part of a portfolio<div style="display:inline-block;width:4.16px"> </div>of identified financial </div><div id="a143004" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.019px;top:140.3px;">instruments that are managed<div style="display:inline-block;width:4.57px"> </div>together and for which </div><div id="a143005" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.019px;top:152.1px;">there is evidence of a recent<div style="display:inline-block;width:4.14px"> </div>actual pattern of short-</div><div id="a143007" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.019px;top:164.4px;">term profit taking. Included<div style="display:inline-block;width:4.34px"> </div>in this category are debt </div><div id="a143008" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.019px;top:176.3px;">instruments (including those<div style="display:inline-block;width:4.13px"> </div>in the form of securities, </div><div id="a143009" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.019px;top:188.6px;">money market paper,<div style="display:inline-block;width:3.6px"> </div>and traded corporate and bank </div><div id="a143014" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.019px;top:200.4px;">loans) and equity instruments.<div style="display:inline-block;width:3.6px"> </div></div></div><div id="TextBlockContainer963" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:609px;height:475px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a143016" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:0px;">Measured at fair value<div style="display:inline-block;width:1.43px"> </div>,<div style="display:inline-block;width:2.91px"> </div>with changes recognized in the </div><div id="a143021" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:12.3px;">income statement. </div><div id="a143025" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:43px;">Derivative assets (including<div style="display:inline-block;width:4.16px"> </div>derivatives that are designated </div><div id="a143026" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:54.9px;">and effective hedging instruments)<div style="display:inline-block;width:4.17px"> </div>are generally </div><div id="a143027" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:66.7px;">presented as </div><div id="a143029" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:409.65px;top:66.5px;">Derivative financial instruments</div><div id="a143030" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:542.156px;top:66.7px;">, except those </div><div id="a143031" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:79px;">exchange-traded derivatives (ETD)<div style="display:inline-block;width:4.27px"> </div>and over-the-counter </div><div id="a143043" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:90.8px;">(OTC)-cleared derivatives that are<div style="display:inline-block;width:4.42px"> </div>legally settled on a daily </div><div id="a143051" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:102.7px;">basis or economically net<div style="display:inline-block;width:4.31px"> </div>settled on a daily basis, which </div><div id="a143054" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:114.9px;">are presented within </div><div id="a143055" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:443.73px;top:114.8px;">Cash collateral receivables on </div><div id="a143056" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:352.396px;top:126.6px;">derivative instruments.</div><div id="a143059" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:157.5px;">Changes in fair value, initial transaction<div style="display:inline-block;width:4.54px"> </div>costs, dividends </div><div id="a143062" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:169.4px;">and gains and losses arising<div style="display:inline-block;width:4.1px"> </div>on disposal or redemption are </div><div id="a143066" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:181.7px;">recognized in </div><div id="a143067" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:412.97px;top:181.5px;">Other net income from financial </div><div id="a143069" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:352.396px;top:193.3px;">instruments measured at fair value<div style="display:inline-block;width:4.2px"> </div>through profit or loss, </div><div id="a143075" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:205.3px;">except interest income on instruments<div style="display:inline-block;width:4.5px"> </div>other than </div><div id="a143076" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:217.6px;">derivatives (refer to item 2d<div style="display:inline-block;width:4.43px"> </div>in this Note), interest on </div><div id="a143081" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:229.5px;">derivatives designated as hedging<div style="display:inline-block;width:4.21px"> </div>instruments in hedges </div><div id="a143083" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:241.8px;">of interest rate risk and<div style="display:inline-block;width:4.17px"> </div>forward points on certain short- </div><div id="a143089" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:253.6px;">and long-duration FX contracts acting<div style="display:inline-block;width:4.16px"> </div>as economic </div><div id="a143098" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:265.4px;">hedges, which are reported<div style="display:inline-block;width:4.54px"> </div>in </div><div id="a143100" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:483.49px;top:265.2px;">Net interest income.<div style="display:inline-block;width:2.95px"> </div></div><div id="a143103" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:296.2px;">Changes in the fair<div style="display:inline-block;width:4.14px"> </div>value of derivatives that are </div><div id="a143108" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:308.5px;">designated and effective<div style="display:inline-block;width:4.26px"> </div>hedging instruments are </div><div id="a143110" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:320.3px;">presented either in the income<div style="display:inline-block;width:4.36px"> </div>statement or </div><div id="a143112" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:543.583px;top:320.1px;">Other </div><div id="a143113" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:352.396px;top:331.9px;">comprehensive income</div><div id="a143114" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:450.823px;top:332.1px;">, depending on the type of hedge </div><div id="a143117" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:344.4px;">relationship (refer<div style="display:inline-block;width:4.37px"> </div>to item 2j<div style="display:inline-block;width:2.75px"> </div>in this Note for more </div><div id="a143123" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:356.3px;">information). </div><div id="a143125" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:174.6px;">Mandatorily </div><div id="a143126" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:186.4px;">measured at </div><div id="a143127" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:198.7px;">FVTPL – Other </div><div id="a143132" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:174.6px;">This classification includes financial asset<div style="display:inline-block;width:1.65px"> </div>s<div style="display:inline-block;width:2.79px"> </div>mandatorily </div><div id="a143138" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:186.4px;">measured at FVTPL that are<div style="display:inline-block;width:4.21px"> </div>not held for trading, as </div><div id="a143145" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:198.7px;">follows:<div style="display:inline-block;width:2.86px"> </div></div><div id="a143148" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:213.9px;">–</div><div id="a143149" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:93.09px;top:213.7px;"> </div><div id="a143150" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:213.9px;">certain structured loans, certain<div style="display:inline-block;width:4.27px"> </div>commercial loans, and </div><div id="a143153" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:225.7px;">receivables from<div style="display:inline-block;width:4.26px"> </div>securities financing transactions that </div><div id="a143157" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:238px;">are managed on a fair<div style="display:inline-block;width:4.26px"> </div>value basis;<div style="display:inline-block;width:2.68px"> </div></div><div id="a143161" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:253.1px;">–</div><div id="a143162" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:93.09px;top:253px;"> </div><div id="a143163" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:253.1px;">loans managed on a fair<div style="display:inline-block;width:4.29px"> </div>value basis,<div style="display:inline-block;width:2.62px"> </div>including those </div><div id="a143170" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:265.4px;">hedged with credit derivatives<div style="display:inline-block;width:1.53px"> </div>; </div><div id="a143173" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:280.6px;">–</div><div id="a143174" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:93.09px;top:280.5px;"> </div><div id="a143175" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:280.6px;">certain debt securities held as HQLA and<div style="display:inline-block;width:4.38px"> </div>managed on a </div><div id="a143177" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:292.4px;">fair value basis;<div style="display:inline-block;width:3.14px"> </div></div><div id="a143181" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:308px;">–</div><div id="a143182" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:93.09px;top:307.9px;"> </div><div id="a143183" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:308px;">certain investment fund holdings<div style="display:inline-block;width:4.21px"> </div>and assets held to </div><div id="a143185" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:319.8px;">hedge delivery obligations related<div style="display:inline-block;width:4.4px"> </div>to cash-settled </div><div id="a143188" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:331.6px;">employee compensation plans;<div style="display:inline-block;width:3.6px"> </div></div><div id="a143192" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:347.2px;">–</div><div id="a143193" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:93.09px;top:347.1px;"> </div><div id="a143194" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:347.2px;">brokerage receivables,<div style="display:inline-block;width:4.38px"> </div>for which contractual cash flows </div><div id="a143196" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:359.1px;">do not meet the SPPI criterion<div style="display:inline-block;width:4.25px"> </div>because the aggregate </div><div id="a143202" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:371.4px;">balance is accounted for as a<div style="display:inline-block;width:4.27px"> </div>single unit of account, </div><div id="a143206" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:383.2px;">with interest being calculated<div style="display:inline-block;width:4.1px"> </div>on the individual </div><div id="a143207" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:395px;">components; </div><div id="a143210" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:410.6px;">–</div><div id="a143211" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:93.09px;top:410.5px;"> </div><div id="a143212" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:410.6px;">auction rate securities, for<div style="display:inline-block;width:4.21px"> </div>which contractual cash flows </div><div id="a143215" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:422.5px;">do not meet the SPPI criterion<div style="display:inline-block;width:4.25px"> </div>because interest may be </div><div id="a143219" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:434.8px;">reset at rates that contain leverage<div style="display:inline-block;width:1.54px"> </div>; </div><div id="a143222" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:449.9px;">–</div><div id="a143223" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:93.09px;top:449.8px;"> </div><div id="a143224" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:449.9px;">equity instruments;<div style="display:inline-block;width:3.59px"> </div>and </div><div id="a143228" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:465.1px;">–</div><div id="a143229" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:93.09px;top:465px;"> </div><div id="a143230" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:465.1px;">assets held under unit-linked investment<div style="display:inline-block;width:4.51px"> </div>contracts.</div></div><div id="TextBlockContainer967" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:583px;height:198px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a143276" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Classification, measurement<div style="display:inline-block;width:4.18px"> </div>and presentation of financial liabilities<div style="display:inline-block;width:3.97px"> </div></div><div id="a143280" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:7.463px;top:27.5px;">Financial liabilities classification </div><div id="a143285" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:172.126px;top:27.5px;">Significant items included </div><div id="a143287" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:427.179px;top:27.5px;">Measurement and<div style="display:inline-block;width:4.1px"> </div>presentation </div><div id="a143289" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:7.463px;top:49.2px;">Measured at amortized cost </div><div id="a143295" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:49.4px;">This classification includes: </div><div id="a143298" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:65.1px;">–</div><div id="a143299" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:177.326px;top:65px;"> </div><div id="a143300" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:183.512px;top:65.1px;">demand and time deposits;<div style="display:inline-block;width:3.87px"> </div></div><div id="a143302" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:80.2px;">–</div><div id="a143303" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:177.326px;top:80.1px;"> </div><div id="a143304" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:183.512px;top:80.2px;">retail savings / deposits; </div><div id="a143306" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:95.8px;">–</div><div id="a143307" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:177.326px;top:95.7px;"> </div><div id="a143308" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:183.512px;top:95.8px;">sweep deposits; </div><div id="a143310" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:111px;">–</div><div id="a143311" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:177.326px;top:110.9px;"> </div><div id="a143312" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:183.512px;top:111px;">payables<div style="display:inline-block;width:3.3px"> </div>from securities financing transactions<div style="display:inline-block;width:1.44px"> </div>;<div style="display:inline-block;width:2.44px"> </div></div><div id="a143318" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:126.1px;">–</div><div id="a143319" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:177.326px;top:126px;"> </div><div id="a143320" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:183.512px;top:126.1px;">non-structured debt<div style="display:inline-block;width:4.12px"> </div>issued;<div style="display:inline-block;width:2.53px"> </div></div><div id="a143326" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:141.7px;">–</div><div id="a143327" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:177.326px;top:141.6px;"> </div><div id="a143328" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:183.512px;top:141.7px;">subordinated debt;<div style="display:inline-block;width:3.79px"> </div></div><div id="a143330" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:156.8px;">–</div><div id="a143331" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:177.326px;top:156.7px;"> </div><div id="a143332" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:183.512px;top:156.8px;">commercial paper and<div style="display:inline-block;width:4.19px"> </div>certificates of deposit;<div style="display:inline-block;width:2.85px"> </div></div><div id="a143334" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:172.5px;">–</div><div id="a143335" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:177.326px;top:172.4px;"> </div><div id="a143336" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:183.512px;top:172.5px;">obligations against funding<div style="display:inline-block;width:4.27px"> </div>from UBS Group AG; and </div><div id="a143338" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:187.6px;">–</div><div id="a143339" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:177.326px;top:187.5px;"> </div><div id="a143340" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:183.512px;top:187.6px;">cash collateral payables on derivative<div style="display:inline-block;width:4.25px"> </div>instruments. </div></div><div id="TextBlockContainer971" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:680px;height:516px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a143342" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:0px;">Measured at amortized<div style="display:inline-block;width:4.11px"> </div>cost using the effective interest </div><div id="a143345" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:12.3px;">method. </div><div id="a143348" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:43px;">When a financial liability at amortized<div style="display:inline-block;width:4.22px"> </div>cost is </div><div id="a143353" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:54.9px;">derecognized, the gain<div style="display:inline-block;width:4.25px"> </div>or loss is recognized in the income </div><div id="a143354" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:66.7px;">statement.<div style="display:inline-block;width:3.03px"> </div></div><div id="a143357" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:97.5px;">Interest Income generated<div style="display:inline-block;width:4.19px"> </div>from client deposits </div><div id="a143358" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:109.3px;">derecognized pursuant<div style="display:inline-block;width:4.24px"> </div>to certain deposit sweep programs </div><div id="a143359" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:121.6px;">is presented within </div><div id="a143360" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:507.168px;top:121.4px;">Net interest income from financial </div><div id="a143361" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:423.395px;top:133.2px;">instruments measured at fair value<div style="display:inline-block;width:4.23px"> </div>through profit or loss </div><div id="a143363" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:423.395px;top:145.5px;">and other</div><div id="a143364" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:465.515px;top:145.7px;">. </div><div id="a143366" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:169.1px;">Measured at </div><div id="a143367" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:180.9px;">FVTPL </div><div id="a143369" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:74.678px;top:169.4px;">Held for trading </div><div id="a143371" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:169.4px;">Financial liabilities held for trading include: </div><div id="a143373" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:184.5px;">–</div><div id="a143374" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:173.542px;top:184.4px;"> </div><div id="a143375" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:184.5px;">all derivatives with a negative replacement<div style="display:inline-block;width:4.84px"> </div>value </div><div id="a143376" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:196.3px;">(including certain loan commitments)<div style="display:inline-block;width:1.72px"> </div>,<div style="display:inline-block;width:2.44px"> </div>except those </div><div id="a143380" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:208.7px;">that are designated and<div style="display:inline-block;width:4.17px"> </div>effective hedging </div><div id="a143381" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:220.5px;">instruments; and </div><div id="a143383" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:235.6px;">–</div><div id="a143384" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:173.542px;top:235.5px;"> </div><div id="a143385" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:235.6px;">obligations to deliver financial<div style="display:inline-block;width:4.15px"> </div>instruments, such as </div><div id="a143386" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:247.9px;">debt and equity instruments,<div style="display:inline-block;width:4.3px"> </div>that UBS AG has sold to </div><div id="a143391" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:259.7px;">third parties but does not<div style="display:inline-block;width:4.16px"> </div>own (short positions). </div><div id="a143393" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:169.4px;">Measurement and presentati<div style="display:inline-block;width:1.94px"> </div>on of financial liabilities </div><div id="a143399" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:181.2px;">classified at FVTPL follow the<div style="display:inline-block;width:4.34px"> </div>same principles as for </div><div id="a143400" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:193px;">financial assets classified at FVTPL, except<div style="display:inline-block;width:4.35px"> </div>that the amount </div><div id="a143401" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:205.3px;">of change in the fair value of a<div style="display:inline-block;width:4.17px"> </div>financial liability </div><div id="a143405" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:217.2px;">designated at FVTPL that is<div style="display:inline-block;width:4.16px"> </div>attributable to changes in UBS </div><div id="a143408" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:229px;">AG’s own credit risk is<div style="display:inline-block;width:4.23px"> </div>presented in </div><div id="a143412" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:577.182px;top:228.8px;">Other comprehensive </div><div id="a143413" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:423.395px;top:241.1px;">income</div><div id="a143414" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:455.115px;top:241.3px;"><div style="display:inline-block;width:2.36px"> </div>directly within </div><div id="a143416" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:520.408px;top:241.1px;">Retained earnings </div><div id="a143417" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:599.448px;top:241.3px;">and is never </div><div id="a143418" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:253.1px;">reclassified to the income<div style="display:inline-block;width:4.19px"> </div>statement. </div><div id="a143422" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:283.9px;">Derivative liabilities (including derivatives<div style="display:inline-block;width:4.48px"> </div>that are </div><div id="a143425" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:295.7px;">designated and effective<div style="display:inline-block;width:4.26px"> </div>hedging instruments) are </div><div id="a143428" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:308px;">generally presented as </div><div id="a143429" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:521.822px;top:307.8px;">Derivative financial instruments,</div><div id="a143432" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:319.8px;">except those exchange<div style="display:inline-block;width:1.4px"> </div>-traded and OTC-cleared </div><div id="a143437" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:331.6px;">derivatives that are legally settled<div style="display:inline-block;width:4.36px"> </div>on a daily basis or </div><div id="a143442" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:343.9px;">economically net settled on a<div style="display:inline-block;width:4.12px"> </div>daily basis, which are </div><div id="a143446" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:355.8px;">presented within </div><div id="a143447" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:498.182px;top:355.6px;">Cash collateral payables on derivative </div><div id="a143448" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:423.395px;top:367.9px;">instruments. </div><div id="a143450" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:74.678px;top:283.4px;">Designated at </div><div id="a143451" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:74.678px;top:295.7px;">FVTPL </div><div id="a143453" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:283.4px;">UBS AG designates<div style="display:inline-block;width:3.58px"> </div>at FVTPL the following financial </div><div id="a143461" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:295.7px;">liabilities: </div><div id="a143463" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:168.342px;top:311.7px;">–</div><div id="a143464" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:173.542px;top:311.7px;"> </div><div id="a143465" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:311.8px;">issued hybrid debt instruments<div style="display:inline-block;width:4.13px"> </div>that primarily include </div><div id="a143466" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:324.5px;">equity-linked, credit<div style="display:inline-block;width:1.46px"> </div>-linked and rates-linked bonds or </div><div id="a143473" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:336.8px;">notes; </div><div id="a143475" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:348.7px;">–</div><div id="a143476" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:173.542px;top:348.6px;"> </div><div id="a143477" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:348.7px;">issued debt instruments managed<div style="display:inline-block;width:4.12px"> </div>on a fair value </div><div id="a143479" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:361px;">basis; </div><div id="a143482" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:376.1px;">–</div><div id="a143483" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:173.542px;top:376px;"> </div><div id="a143484" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:376.1px;">obligations against funding<div style="display:inline-block;width:4.27px"> </div>from UBS Group AG </div><div id="a143486" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:387.9px;">managed on a fair value basis<div style="display:inline-block;width:1.44px"> </div>; </div><div id="a143489" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:403.5px;">–</div><div id="a143490" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:173.542px;top:403.4px;"> </div><div id="a143491" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:403.5px;">certain payables from<div style="display:inline-block;width:4.23px"> </div>securities financing </div><div id="a143494" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:415.4px;">transactions; </div><div id="a143496" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:431px;">–</div><div id="a143497" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:173.542px;top:430.9px;"> </div><div id="a143498" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:431px;">amounts due under unit<div style="display:inline-block;width:1.42px"> </div>-linked investment contracts, </div><div id="a143505" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:442.8px;">the cash flows of which are<div style="display:inline-block;width:4.39px"> </div>linked to financial assets </div><div id="a143510" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:454.7px;">measured at FVTPL and eliminate<div style="display:inline-block;width:4.28px"> </div>an accounting </div><div id="a143511" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:466.9px;">mismatch;<div style="display:inline-block;width:3.24px"> </div>and </div><div id="a143514" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:482.1px;">–</div><div id="a143515" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:173.542px;top:482px;"> </div><div id="a143516" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:482.1px;">brokerage payables, which arise<div style="display:inline-block;width:4.48px"> </div>in conjunction with </div><div id="a143518" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:494.4px;">brokerage receivables<div style="display:inline-block;width:4.3px"> </div>and are measured at FVTPL to </div><div id="a143520" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:506.2px;">achieve measurement consistency.</div></div><div id="TextBlockContainer988" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:896px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a143561" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">c. Loan commitments and financial guarantees </div><div id="div_974_XBRL_TS_0548cf869ef34b3d951b4f7bd41f9bde" style="position:absolute;left:0px;top:15.6px;float:left;"><div id="TextBlockContainer975" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:44px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a143563" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Loan<div style="display:inline-block;width:9.19px"> </div>commitments<div style="display:inline-block;width:8.84px"> </div>are<div style="display:inline-block;width:9.54px"> </div>arrangements<div style="display:inline-block;width:9.03px"> </div>to<div style="display:inline-block;width:9.03px"> </div>provide<div style="display:inline-block;width:9.37px"> </div>credit<div style="display:inline-block;width:9.29px"> </div>under<div style="display:inline-block;width:9.44px"> </div>defined<div style="display:inline-block;width:9.33px"> </div>terms<div style="display:inline-block;width:9.05px"> </div>and<div style="display:inline-block;width:9.71px"> </div>conditions.<div style="display:inline-block;width:9.11px"> </div>Irrevocable<div style="display:inline-block;width:8.71px"> </div>loan </div><div id="a143565" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.2px;">commitments<div style="display:inline-block;width:5.53px"> </div>are<div style="display:inline-block;width:5.76px"> </div>classified<div style="display:inline-block;width:5.31px"> </div>as:<div style="display:inline-block;width:5.36px"> </div>(i) derivative<div style="display:inline-block;width:5.76px"> </div>loan<div style="display:inline-block;width:5.98px"> </div>commitments<div style="display:inline-block;width:5.53px"> </div>measured<div style="display:inline-block;width:5.59px"> </div>at<div style="display:inline-block;width:5.52px"> </div>fair<div style="display:inline-block;width:5.74px"> </div>value<div style="display:inline-block;width:5.57px"> </div>through<div style="display:inline-block;width:6.15px"> </div>profit<div style="display:inline-block;width:5.28px"> </div>or<div style="display:inline-block;width:5.25px"> </div>loss;<div style="display:inline-block;width:5.5px"> </div>(ii) loan </div><div id="a143570" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">commitments<div style="display:inline-block;width:6.47px"> </div>designated<div style="display:inline-block;width:6.75px"> </div>at<div style="display:inline-block;width:5.99px"> </div>fair<div style="display:inline-block;width:5.74px"> </div>value<div style="display:inline-block;width:6.04px"> </div>through<div style="display:inline-block;width:7.09px"> </div>profit<div style="display:inline-block;width:6.23px"> </div>or<div style="display:inline-block;width:6.2px"> </div>loss;<div style="display:inline-block;width:6.45px"> </div>or<div style="display:inline-block;width:6.2px"> </div>(iii) loan<div style="display:inline-block;width:6.7px"> </div>commitments<div style="display:inline-block;width:6px"> </div>not<div style="display:inline-block;width:6.4px"> </div>measured<div style="display:inline-block;width:6.53px"> </div>at<div style="display:inline-block;width:5.99px"> </div>fair<div style="display:inline-block;width:5.86px"> </div>value.</div></div></div><div id="a143570_114_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:685.322px;top:46.4px;"> </div><div id="div_976_XBRL_TS_ec207d961d3d43af88492079bc969705" style="position:absolute;left:0px;top:61.5px;float:left;"><div id="TextBlockContainer977" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:44px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a143575" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Financial guarantee contracts are contracts that require<div style="display:inline-block;width:5.44px"> </div>UBS AG to make specified payments to reimburse<div style="display:inline-block;width:5.51px"> </div>the holder for </div><div id="a143580" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">an incurred loss because a specified debtor fails to make<div style="display:inline-block;width:2.07px"> </div>payments when due in accordance with the terms of a<div style="display:inline-block;width:2.19px"> </div>specified </div><div id="a143581" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.7px;">debt instrument.</div></div></div><div id="a143581_16_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:100.018px;top:92.3px;"> </div><div id="div_978_XBRL_TS_93789bfee1e74134b321ec75cf12124a" style="position:absolute;left:0px;top:115px;float:left;"><div id="TextBlockContainer979" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:243px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a143584" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">d.<div style="display:inline-block;width:4.09px"> </div>Interest income and expense </div><div id="a143587" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">Interest<div style="display:inline-block;width:5.13px"> </div>income<div style="display:inline-block;width:5.62px"> </div>and<div style="display:inline-block;width:5.61px"> </div>expense<div style="display:inline-block;width:5.45px"> </div>are<div style="display:inline-block;width:5.29px"> </div>recognized<div style="display:inline-block;width:6.06px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the<div style="display:inline-block;width:5.25px"> </div>income<div style="display:inline-block;width:5.15px"> </div>statement<div style="display:inline-block;width:5.31px"> </div>based<div style="display:inline-block;width:5.66px"> </div>on<div style="display:inline-block;width:5.61px"> </div>the<div style="display:inline-block;width:5.25px"> </div>effective<div style="display:inline-block;width:5.42px"> </div>interest<div style="display:inline-block;width:5.6px"> </div>method.<div style="display:inline-block;width:6.08px"> </div>When </div><div id="a143588" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.7px;">calculating the effective interest rate (the EIR) for financial instruments (other than credit-impaired financial<div style="display:inline-block;width:5.05px"> </div>instruments), </div><div id="a143592" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">UBS AG<div style="display:inline-block;width:5.27px"> </div>estimates future cash<div style="display:inline-block;width:5.18px"> </div>flows considering<div style="display:inline-block;width:5.43px"> </div>all contractual terms of<div style="display:inline-block;width:5.53px"> </div>the instrument,<div style="display:inline-block;width:5.4px"> </div>but not expected<div style="display:inline-block;width:5.29px"> </div>credit losses, </div><div id="a143597" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61px;">with<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>EIR<div style="display:inline-block;width:5.3px"> </div>applied<div style="display:inline-block;width:5.6px"> </div>to<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>gross<div style="display:inline-block;width:5.79px"> </div>carrying<div style="display:inline-block;width:5.26px"> </div>amount<div style="display:inline-block;width:5.5px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>financial asset<div style="display:inline-block;width:6.88px"> </div>or<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>amortized<div style="display:inline-block;width:5.31px"> </div>cost<div style="display:inline-block;width:5.57px"> </div>of<div style="display:inline-block;width:5.6px"> </div>a<div style="display:inline-block;width:5.2px"> </div>financial<div style="display:inline-block;width:5.41px"> </div>liability. </div><div id="a143599" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.7px;">However,<div style="display:inline-block;width:7.1px"> </div>when<div style="display:inline-block;width:6.18px"> </div>a<div style="display:inline-block;width:5.67px"> </div>financial<div style="display:inline-block;width:5.88px"> </div>asset<div style="display:inline-block;width:5.62px"> </div>becomes<div style="display:inline-block;width:6.72px"> </div>credit-impaired<div style="display:inline-block;width:6.62px"> </div>after<div style="display:inline-block;width:6.16px"> </div>initial<div style="display:inline-block;width:5.78px"> </div>recognition,<div style="display:inline-block;width:6.79px"> </div>interest<div style="display:inline-block;width:6.07px"> </div>income<div style="display:inline-block;width:6.09px"> </div>is<div style="display:inline-block;width:5.62px"> </div>determined<div style="display:inline-block;width:6.19px"> </div>by </div><div id="a143602" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:91.8px;">applying the<div style="display:inline-block;width:5.28px"> </div>EIR to the<div style="display:inline-block;width:5.61px"> </div>amortized cost of<div style="display:inline-block;width:5.47px"> </div>the instrument,<div style="display:inline-block;width:5.4px"> </div>which represents<div style="display:inline-block;width:6.03px"> </div>the gross<div style="display:inline-block;width:5.47px"> </div>carrying amount<div style="display:inline-block;width:5.2px"> </div>adjusted for<div style="display:inline-block;width:5.13px"> </div>any </div><div id="a143604" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.4px;">credit loss allowance.<div style="display:inline-block;width:4.75px"> </div></div><div id="a143606" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:130.1px;">Upfront fees, including<div style="display:inline-block;width:5.03px"> </div>fees on loan commitments not measured at fair value where a loan<div style="display:inline-block;width:5.1px"> </div>is expected to be issued, and </div><div id="a143607" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:145.3px;">direct costs are<div style="display:inline-block;width:5.27px"> </div>included<div style="display:inline-block;width:5.22px"> </div>within the<div style="display:inline-block;width:5.07px"> </div>initial measurement<div style="display:inline-block;width:5.02px"> </div>of a<div style="display:inline-block;width:5.36px"> </div>financial instrument<div style="display:inline-block;width:5.45px"> </div>measured<div style="display:inline-block;width:5.12px"> </div>at amortized cost<div style="display:inline-block;width:5.52px"> </div>or FVOCI </div><div id="a143612" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.9px;">and recognized over the expected life of<div style="display:inline-block;width:5.1px"> </div>the instrument as part of its EIR. </div><div id="a143616" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183.6px;">Fees related<div style="display:inline-block;width:5.66px"> </div>to loan<div style="display:inline-block;width:5.66px"> </div>commitments where<div style="display:inline-block;width:6.03px"> </div>no loan<div style="display:inline-block;width:5.54px"> </div>is expected<div style="display:inline-block;width:5.57px"> </div>to be<div style="display:inline-block;width:5.56px"> </div>issued, as<div style="display:inline-block;width:5.39px"> </div>well as<div style="display:inline-block;width:5.25px"> </div>loan syndication<div style="display:inline-block;width:5.7px"> </div>fees where<div style="display:inline-block;width:5.59px"> </div>UBS </div><div id="a143617" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:198.7px;">AG does not retain a portion of the syndicated loan or where UBS AG does retain a portion of the syndicated loan at the </div><div id="a143624" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:213.8px;">same effective yield for comparable risk as other participants,<div style="display:inline-block;width:5.4px"> </div>are included in </div><div id="a143627" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:442.592px;top:213.6px;">Net fee and commission income </div><div id="a143629" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:628.098px;top:213.8px;">and either </div><div id="a143630" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:229.5px;">recognized over the life of the commitment<div style="display:inline-block;width:5.17px"> </div>or when syndication occurs.</div></div></div><div id="a143630_70_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:414.218px;top:344.4px;"><div style="display:inline-block;width:4.25px"> </div></div><div id="a143633" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:356.1px;">›</div><div id="a143634" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:356.3px;"> </div><div id="a143635" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:361px;">Refer to item 3 in<div style="display:inline-block;width:1.5px"> </div>this Note for more<div style="display:inline-block;width:1.5px"> </div>information </div><div id="div_980_XBRL_TS_f6edc085ef5d45c6bbae25f12f430ae5" style="position:absolute;left:0px;top:381.8px;float:left;"><div id="TextBlockContainer981" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:44px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a143643" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Interest<div style="display:inline-block;width:5.13px"> </div>income<div style="display:inline-block;width:5.15px"> </div>on<div style="display:inline-block;width:5.61px"> </div>financial<div style="display:inline-block;width:5.51px"> </div>assets,<div style="display:inline-block;width:5.3px"> </div>excluding<div style="display:inline-block;width:5.87px"> </div>derivatives,<div style="display:inline-block;width:5.11px"> </div>is<div style="display:inline-block;width:5.15px"> </div>included<div style="display:inline-block;width:5.6px"> </div>in<div style="display:inline-block;width:5.46px"> </div>interest<div style="display:inline-block;width:5.13px"> </div>income<div style="display:inline-block;width:5.68px"> </div>when<div style="display:inline-block;width:5.71px"> </div>positive<div style="display:inline-block;width:5.09px"> </div>and<div style="display:inline-block;width:5.61px"> </div>in<div style="display:inline-block;width:5.36px"> </div>interest </div><div id="a143650" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">expense<div style="display:inline-block;width:5.48px"> </div>when<div style="display:inline-block;width:5.71px"> </div>negative.<div style="display:inline-block;width:5.25px"> </div>Similarly,<div style="display:inline-block;width:5.6px"> </div>interest<div style="display:inline-block;width:5.6px"> </div>expense<div style="display:inline-block;width:5.45px"> </div>on<div style="display:inline-block;width:5.61px"> </div>financial<div style="display:inline-block;width:5.6px"> </div>liabilities,<div style="display:inline-block;width:5.72px"> </div>excluding<div style="display:inline-block;width:5.87px"> </div>derivatives,<div style="display:inline-block;width:5.58px"> </div>is<div style="display:inline-block;width:5.15px"> </div>included<div style="display:inline-block;width:6.23px"> </div>in<div style="display:inline-block;width:5.31px"> </div>interest </div><div id="a143657" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">expense, except when interest rates are<div style="display:inline-block;width:5.07px"> </div>negative, in which case it is included<div style="display:inline-block;width:5.63px"> </div>in interest income.</div></div></div><div id="a143657_98_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:548.121px;top:412.6px;"><div style="display:inline-block;width:4.28px"> </div></div><div id="a143663" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:424.3px;">›</div><div id="a143664" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:424.5px;"> </div><div id="a143665" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:429.1px;">Refer to item 2b in<div style="display:inline-block;width:1.47px"> </div>this Note and<div style="display:inline-block;width:1.57px"> </div>Note 3 for more information </div><div id="div_982_XBRL_TS_8dd59b1a2278433fa5e084554810f73d" style="position:absolute;left:0px;top:449.9px;float:left;"><div id="TextBlockContainer983" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:166px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a143674" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">e. Derecognition<div style="display:inline-block;width:4.27px"> </div></div><div id="a143679" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:22.5px;">Financial assets </div><div id="a143681" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:37.8px;">UBS<div style="display:inline-block;width:6.54px"> </div>AG<div style="display:inline-block;width:6.2px"> </div>derecognizes<div style="display:inline-block;width:6.58px"> </div>a<div style="display:inline-block;width:6.22px"> </div>transferred<div style="display:inline-block;width:7.05px"> </div>financial<div style="display:inline-block;width:6.36px"> </div>asset,<div style="display:inline-block;width:6.67px"> </div>or<div style="display:inline-block;width:6.2px"> </div>a<div style="display:inline-block;width:6.15px"> </div>portion<div style="display:inline-block;width:6.55px"> </div>of<div style="display:inline-block;width:6.2px"> </div>a<div style="display:inline-block;width:6.15px"> </div>financial<div style="display:inline-block;width:6.36px"> </div>asset,<div style="display:inline-block;width:6.86px"> </div>if<div style="display:inline-block;width:6.36px"> </div>the<div style="display:inline-block;width:6.2px"> </div>purchaser<div style="display:inline-block;width:6.53px"> </div>has<div style="display:inline-block;width:6.4px"> </div>received </div><div id="a143689" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53px;">substantially all the risks and rewards of the asset or a significant part of the risks and rewards<div style="display:inline-block;width:5.32px"> </div>combined with a practical </div><div id="a143691" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:68.6px;">ability to sell or pledge the asset.<div style="display:inline-block;width:5.08px"> </div></div><div id="a143696" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:91.3px;">Where<div style="display:inline-block;width:5.29px"> </div>financial<div style="display:inline-block;width:5.41px"> </div>assets<div style="display:inline-block;width:5.2px"> </div>have<div style="display:inline-block;width:5.2px"> </div>been<div style="display:inline-block;width:5.61px"> </div>pledged<div style="display:inline-block;width:5.91px"> </div>as<div style="display:inline-block;width:5.25px"> </div>collateral<div style="display:inline-block;width:5.06px"> </div>or<div style="display:inline-block;width:5.25px"> </div>in<div style="display:inline-block;width:5.3px"> </div>similar<div style="display:inline-block;width:5.1px"> </div>arrangements,<div style="display:inline-block;width:6.29px"> </div>they<div style="display:inline-block;width:5.05px"> </div>are<div style="display:inline-block;width:5.29px"> </div>considered<div style="display:inline-block;width:5.84px"> </div>to<div style="display:inline-block;width:5.25px"> </div>have<div style="display:inline-block;width:5.2px"> </div>been </div><div id="a143697" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:106.4px;">transferred<div style="display:inline-block;width:5.13px"> </div>if the<div style="display:inline-block;width:6.04px"> </div>counterparty has<div style="display:inline-block;width:6.29px"> </div>received<div style="display:inline-block;width:5.45px"> </div>the contractual<div style="display:inline-block;width:6.41px"> </div>rights<div style="display:inline-block;width:4.99px"> </div>to<div style="display:inline-block;width:5.25px"> </div>the cash<div style="display:inline-block;width:5.88px"> </div>flows<div style="display:inline-block;width:5.3px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>pledged<div style="display:inline-block;width:5.43px"> </div>assets, as<div style="display:inline-block;width:5.93px"> </div>may<div style="display:inline-block;width:5.04px"> </div>be </div><div id="a143703" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:121.6px;">evidenced<div style="display:inline-block;width:5.33px"> </div>by,<div style="display:inline-block;width:5.61px"> </div>for<div style="display:inline-block;width:5.1px"> </div>example,<div style="display:inline-block;width:5.05px"> </div>the<div style="display:inline-block;width:5.25px"> </div>counterparty’s<div style="display:inline-block;width:5.15px"> </div>right<div style="display:inline-block;width:5.2px"> </div>to<div style="display:inline-block;width:5.25px"> </div>sell<div style="display:inline-block;width:5.04px"> </div>or<div style="display:inline-block;width:5.25px"> </div>repledge<div style="display:inline-block;width:5.79px"> </div>the assets.<div style="display:inline-block;width:6.4px"> </div>In<div style="display:inline-block;width:5.3px"> </div>transfers where<div style="display:inline-block;width:6.8px"> </div>control<div style="display:inline-block;width:5.43px"> </div>over<div style="display:inline-block;width:5.05px"> </div>the </div><div id="a143707" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:137.2px;">financial<div style="display:inline-block;width:6.36px"> </div>asset<div style="display:inline-block;width:7.04px"> </div>is<div style="display:inline-block;width:6.57px"> </div>retained,<div style="display:inline-block;width:7.43px"> </div>UBS<div style="display:inline-block;width:7.1px"> </div>AG<div style="display:inline-block;width:6.67px"> </div>continues<div style="display:inline-block;width:7.02px"> </div>to<div style="display:inline-block;width:6.67px"> </div>recognize<div style="display:inline-block;width:7.28px"> </div>the<div style="display:inline-block;width:6.67px"> </div>asset<div style="display:inline-block;width:7.04px"> </div>to<div style="display:inline-block;width:6.67px"> </div>the<div style="display:inline-block;width:6.67px"> </div>extent<div style="display:inline-block;width:7.26px"> </div>of<div style="display:inline-block;width:6.67px"> </div>its<div style="display:inline-block;width:6.88px"> </div>continuing<div style="display:inline-block;width:7.27px"> </div>involvement, </div><div id="a143712" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:152.3px;">determined by the extent to which it is exposed<div style="display:inline-block;width:5.8px"> </div>to changes in the value of the<div style="display:inline-block;width:5.05px"> </div>transferred asset following the transfer.</div></div></div><div id="a143712_120_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:675.076px;top:602.3px;"><div style="display:inline-block;width:4.61px"> </div></div><div id="a143715" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:614.4px;">›</div><div id="a143716" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:614.6px;"> </div><div id="a143717" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:619.3px;">Refer to Note 22<div style="display:inline-block;width:1.6px"> </div>for more information<div style="display:inline-block;width:1.18px"> </div></div><div id="div_984_XBRL_TS_16833ca2d9cc4224bb9712b143251aa3" style="position:absolute;left:0px;top:639.8px;float:left;"><div id="TextBlockContainer985" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:143px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a143724" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:0px;">Financial liabilities </div><div id="a143728" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.4px;">UBS<div style="display:inline-block;width:5.12px"> </div>AG derecognizes<div style="display:inline-block;width:6.26px"> </div>a<div style="display:inline-block;width:5.2px"> </div>financial liability<div style="display:inline-block;width:6.26px"> </div>when<div style="display:inline-block;width:5.37px"> </div>it is<div style="display:inline-block;width:5.96px"> </div>extinguished,<div style="display:inline-block;width:5.83px"> </div>i.e., when<div style="display:inline-block;width:6.53px"> </div>the obligation<div style="display:inline-block;width:6.37px"> </div>specified<div style="display:inline-block;width:5.09px"> </div>in the<div style="display:inline-block;width:6.4px"> </div>contract is </div><div id="a143741" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.5px;">discharged, canceled or expires. When<div style="display:inline-block;width:5.08px"> </div>an existing financial liability is exchanged for a new<div style="display:inline-block;width:5.26px"> </div>one from the same lender on </div><div id="a143744" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.7px;">substantially<div style="display:inline-block;width:6.5px"> </div>different<div style="display:inline-block;width:7.73px"> </div>terms,<div style="display:inline-block;width:6.79px"> </div>or<div style="display:inline-block;width:7.14px"> </div>the<div style="display:inline-block;width:6.67px"> </div>terms<div style="display:inline-block;width:6.68px"> </div>of<div style="display:inline-block;width:6.67px"> </div>an<div style="display:inline-block;width:7.02px"> </div>existing<div style="display:inline-block;width:7.01px"> </div>liability<div style="display:inline-block;width:6.89px"> </div>are<div style="display:inline-block;width:6.71px"> </div>substantially<div style="display:inline-block;width:7.52px"> </div>modified,<div style="display:inline-block;width:6.82px"> </div>the<div style="display:inline-block;width:6.67px"> </div>original<div style="display:inline-block;width:7.23px"> </div>liability<div style="display:inline-block;width:7.01px"> </div>is </div><div id="a143750" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61.3px;">derecognized<div style="display:inline-block;width:6.32px"> </div>and<div style="display:inline-block;width:6.08px"> </div>a<div style="display:inline-block;width:5.67px"> </div>new<div style="display:inline-block;width:5.51px"> </div>liability<div style="display:inline-block;width:5.54px"> </div>recognized<div style="display:inline-block;width:6.09px"> </div>with<div style="display:inline-block;width:5.72px"> </div>any<div style="display:inline-block;width:5.67px"> </div>difference<div style="display:inline-block;width:6.26px"> </div>in<div style="display:inline-block;width:5.77px"> </div>the<div style="display:inline-block;width:5.72px"> </div>respective<div style="display:inline-block;width:6.3px"> </div>carrying<div style="display:inline-block;width:5.74px"> </div>amounts<div style="display:inline-block;width:6.22px"> </div>recorded<div style="display:inline-block;width:6.28px"> </div>in<div style="display:inline-block;width:5.77px"> </div>the </div><div id="a143756" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.4px;">income statement.<div style="display:inline-block;width:4.59px"> </div></div><div id="a143758" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.6px;">Certain OTC derivative<div style="display:inline-block;width:2.32px"> </div>contracts and most exchange-traded futures and option<div style="display:inline-block;width:2.67px"> </div>contracts cleared through central<div style="display:inline-block;width:2.31px"> </div>clearing </div><div id="a143766" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:114.8px;">counterparties and exchanges are considered<div style="display:inline-block;width:5.14px"> </div>to be settled on a daily basis,<div style="display:inline-block;width:3.26px"> </div>as the payment or receipt of variation margin </div><div id="a143774" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:129.9px;">on a daily basis represents<div style="display:inline-block;width:5.17px"> </div>legal or economic settlement, which results in derecognition<div style="display:inline-block;width:6.25px"> </div>of the associated derivatives.</div></div></div><div id="a143774_119_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:665.498px;top:769.7px;"> </div><div id="a143781" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:781.9px;">›</div><div id="a143782" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:782.1px;"> </div><div id="a143783" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:786.8px;">Refer to Note 21<div style="display:inline-block;width:1.6px"> </div>for more information<div style="display:inline-block;width:1.18px"> </div></div><div id="div_986_XBRL_TS_86d66eb03dd34d3eb1fbabf16977f3be" style="position:absolute;left:0px;top:807.1px;float:left;"><div id="TextBlockContainer987" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:75px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a143787" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">f.<div style="display:inline-block;width:3.73px"> </div>Fair value of financial instruments </div><div id="a143791" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">UBS<div style="display:inline-block;width:7.01px"> </div>AG<div style="display:inline-block;width:6.67px"> </div>accounts<div style="display:inline-block;width:6.72px"> </div>for<div style="display:inline-block;width:6.52px"> </div>a<div style="display:inline-block;width:6.62px"> </div>significant<div style="display:inline-block;width:6.93px"> </div>portion<div style="display:inline-block;width:7.02px"> </div>of<div style="display:inline-block;width:6.67px"> </div>its<div style="display:inline-block;width:6.41px"> </div>assets<div style="display:inline-block;width:7.09px"> </div>and<div style="display:inline-block;width:7.03px"> </div>liabilities<div style="display:inline-block;width:6.57px"> </div>at<div style="display:inline-block;width:6.94px"> </div>fair<div style="display:inline-block;width:6.68px"> </div>value.<div style="display:inline-block;width:7.57px"> </div>Fair<div style="display:inline-block;width:6.16px"> </div>value<div style="display:inline-block;width:6.99px"> </div>is<div style="display:inline-block;width:6.57px"> </div>the<div style="display:inline-block;width:6.67px"> </div>price<div style="display:inline-block;width:6.84px"> </div>on<div style="display:inline-block;width:7.03px"> </div>the </div><div id="a143796" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.7px;">measurement date<div style="display:inline-block;width:5.43px"> </div>that would be<div style="display:inline-block;width:5.17px"> </div>received for the<div style="display:inline-block;width:5.29px"> </div>sale of an<div style="display:inline-block;width:5.13px"> </div>asset or paid<div style="display:inline-block;width:5.23px"> </div>to transfer a liability in<div style="display:inline-block;width:5.2px"> </div>an orderly<div style="display:inline-block;width:5.07px"> </div>transaction </div><div id="a143798" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">between market participants<div style="display:inline-block;width:6.04px"> </div>in the principal<div style="display:inline-block;width:5.5px"> </div>market, or in<div style="display:inline-block;width:5.67px"> </div>the most advantageous<div style="display:inline-block;width:6.11px"> </div>market in the<div style="display:inline-block;width:5.57px"> </div>absence of<div style="display:inline-block;width:5.13px"> </div>a principal </div><div id="a143799" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61.5px;">market.</div></div></div><div id="a143799_7_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:48.412px;top:868.6px;"><div style="display:inline-block;width:3.82px"> </div></div><div id="a143801" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:880.3px;">›</div><div id="a143802" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:880.5px;"> </div><div id="a143803" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:885.2px;">Refer to Note 20<div style="display:inline-block;width:1.6px"> </div>for more information</div></div><div id="TextBlockContainer998" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:808px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_994_XBRL_TS_03cae14ae1384518a70e085c0c5ed073" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer995" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:534px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a143904" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">g.<div style="display:inline-block;width:4.09px"> </div>Allowances and provisions for expected credit losses </div><div id="a143913" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">ECL are<div style="display:inline-block;width:5.82px"> </div>recognized<div style="display:inline-block;width:5.12px"> </div>for financial<div style="display:inline-block;width:5.88px"> </div>assets measured<div style="display:inline-block;width:6.16px"> </div>at amortized<div style="display:inline-block;width:6.21px"> </div>cost, financial<div style="display:inline-block;width:5.52px"> </div>assets<div style="display:inline-block;width:5.67px"> </div>measured<div style="display:inline-block;width:5.12px"> </div>at FVOCI,<div style="display:inline-block;width:5.42px"> </div>fee and<div style="display:inline-block;width:6.03px"> </div>lease </div><div id="a143914" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.7px;">receivables,<div style="display:inline-block;width:5.5px"> </div>financial<div style="display:inline-block;width:5.41px"> </div>guarantees,<div style="display:inline-block;width:5.66px"> </div>and<div style="display:inline-block;width:5.61px"> </div>loan<div style="display:inline-block;width:5.5px"> </div>commitments<div style="display:inline-block;width:5.06px"> </div>not<div style="display:inline-block;width:5.45px"> </div>measured<div style="display:inline-block;width:6.06px"> </div>at<div style="display:inline-block;width:5.05px"> </div>fair<div style="display:inline-block;width:5.26px"> </div>value.<div style="display:inline-block;width:5.67px"> </div>ECL<div style="display:inline-block;width:5.15px"> </div>are<div style="display:inline-block;width:5.29px"> </div>also<div style="display:inline-block;width:5.35px"> </div>recognized<div style="display:inline-block;width:6.06px"> </div>on<div style="display:inline-block;width:5.61px"> </div>the </div><div id="a143915" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">undrawn<div style="display:inline-block;width:5.96px"> </div>portion<div style="display:inline-block;width:5.6px"> </div>of<div style="display:inline-block;width:5.25px"> </div>committed<div style="display:inline-block;width:5.26px"> </div>unconditionally<div style="display:inline-block;width:6.12px"> </div>revocable<div style="display:inline-block;width:6.25px"> </div>credit<div style="display:inline-block;width:5.98px"> </div>lines,<div style="display:inline-block;width:5.35px"> </div>which<div style="display:inline-block;width:5.4px"> </div>include<div style="display:inline-block;width:5.87px"> </div>UBS<div style="display:inline-block;width:5.66px"> </div>AG’s<div style="display:inline-block;width:5.43px"> </div>credit<div style="display:inline-block;width:5.98px"> </div>card<div style="display:inline-block;width:5.76px"> </div>limits<div style="display:inline-block;width:5.1px"> </div>and </div><div id="a143924" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61px;">master credit<div style="display:inline-block;width:6.62px"> </div>facilities, as<div style="display:inline-block;width:6px"> </div>UBS<div style="display:inline-block;width:5.19px"> </div>AG<div style="display:inline-block;width:5.27px"> </div>is exposed<div style="display:inline-block;width:6.18px"> </div>to credit<div style="display:inline-block;width:6.6px"> </div>risk because<div style="display:inline-block;width:6.29px"> </div>the borrower<div style="display:inline-block;width:6.79px"> </div>has the<div style="display:inline-block;width:6.08px"> </div>ability<div style="display:inline-block;width:5.21px"> </div>to draw<div style="display:inline-block;width:5.98px"> </div>down<div style="display:inline-block;width:5.44px"> </div>funds </div><div id="a143929" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.6px;">before UBS AG can take credit<div style="display:inline-block;width:5.25px"> </div>risk mitigation actions. </div><div id="a143936" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:99.1px;">Recognition of expected credit losses<div style="display:inline-block;width:5.18px"> </div></div><div id="a143938" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:114.5px;">ECL are recognized on<div style="display:inline-block;width:5.4px"> </div>the following basis. </div><div id="a143943" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:130.1px;">–</div><div id="a143944" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:130px;"> </div><div id="a143945" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:130.1px;">Stage 1 instruments: Maximum 12-month ECL are recognized from initial<div style="display:inline-block;width:1.77px"> </div>recognition, reflecting the portion of lifetime </div><div id="a143953" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:145.3px;">cash shortfalls that would result<div style="display:inline-block;width:5.14px"> </div>if a default occurs in<div style="display:inline-block;width:5.03px"> </div>the 12 months after the<div style="display:inline-block;width:5.06px"> </div>reporting date, weighted<div style="display:inline-block;width:5.55px"> </div>by the risk of </div><div id="a143955" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:160.4px;">a default occurring.<div style="display:inline-block;width:4.65px"> </div></div><div id="a143957" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:176px;">–</div><div id="a143958" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:175.8px;"> </div><div id="a143959" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:176px;">Stage 2 instruments: Lifetime ECL are recognized if<div style="display:inline-block;width:2.29px"> </div>a significant increase in credit risk (an SICR) is<div style="display:inline-block;width:1.97px"> </div>observed subsequent </div><div id="a143962" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:191.1px;">to<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>instrument’s<div style="display:inline-block;width:5.77px"> </div>initial<div style="display:inline-block;width:5.78px"> </div>recognition,<div style="display:inline-block;width:5.96px"> </div>reflecting<div style="display:inline-block;width:5.45px"> </div>lifetime<div style="display:inline-block;width:5.85px"> </div>cash<div style="display:inline-block;width:5.25px"> </div>shortfalls<div style="display:inline-block;width:5.98px"> </div>that<div style="display:inline-block;width:5.57px"> </div>would<div style="display:inline-block;width:5.81px"> </div>result<div style="display:inline-block;width:5.28px"> </div>from<div style="display:inline-block;width:5.66px"> </div>all<div style="display:inline-block;width:5.47px"> </div>possible<div style="display:inline-block;width:5.7px"> </div>default </div><div id="a143964" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:206.8px;">events over<div style="display:inline-block;width:5.05px"> </div>the expected<div style="display:inline-block;width:5.2px"> </div>life of a<div style="display:inline-block;width:5.57px"> </div>financial instrument,<div style="display:inline-block;width:5.56px"> </div>weighted by<div style="display:inline-block;width:5.29px"> </div>the risk of<div style="display:inline-block;width:5.3px"> </div>a default<div style="display:inline-block;width:5.3px"> </div>occurring. When<div style="display:inline-block;width:5.61px"> </div>an SICR<div style="display:inline-block;width:5.29px"> </div>is </div><div id="a143965" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:221.9px;">no longer observed, the instrument will<div style="display:inline-block;width:5.24px"> </div>move back to stage 1. </div><div id="a143970" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:237.5px;">–</div><div id="a143971" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:237.4px;"> </div><div id="a143972" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:237.5px;">Stage 3<div style="display:inline-block;width:5.12px"> </div>instruments: Lifetime<div style="display:inline-block;width:5.47px"> </div>ECL are<div style="display:inline-block;width:5.82px"> </div>always recognized<div style="display:inline-block;width:6.01px"> </div>for credit-impaired<div style="display:inline-block;width:6.17px"> </div>financial instruments,<div style="display:inline-block;width:6.08px"> </div>as determined<div style="display:inline-block;width:5.87px"> </div>by </div><div id="a143977" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:252.6px;">the occurrence<div style="display:inline-block;width:5.76px"> </div>of one<div style="display:inline-block;width:5.76px"> </div>or more<div style="display:inline-block;width:5.96px"> </div>loss events,<div style="display:inline-block;width:5.5px"> </div>by estimating<div style="display:inline-block;width:5.56px"> </div>expected cash<div style="display:inline-block;width:5.68px"> </div>flows based<div style="display:inline-block;width:5.86px"> </div>on a<div style="display:inline-block;width:5.24px"> </div>chosen<div style="display:inline-block;width:5.06px"> </div>recovery strategy. </div><div id="a143981" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:267.8px;">Credit-impaired exposures<div style="display:inline-block;width:6.12px"> </div>may include<div style="display:inline-block;width:5.15px"> </div>positions for<div style="display:inline-block;width:5.27px"> </div>which no<div style="display:inline-block;width:5.91px"> </div>allowance has<div style="display:inline-block;width:5.18px"> </div>been recognized,<div style="display:inline-block;width:5.73px"> </div>for example because </div><div id="a143985" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:283.4px;">they are expected to be fully recoverable through<div style="display:inline-block;width:5.9px"> </div>collateral held. </div><div id="a143987" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:298.5px;">–</div><div id="a143988" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:298.4px;"> </div><div id="a143989" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:298.5px;">Changes in lifetime ECL since initial recognition<div style="display:inline-block;width:5.55px"> </div>are also recognized for assets that are<div style="display:inline-block;width:5.37px"> </div>purchased or originated<div style="display:inline-block;width:5.4px"> </div>credit-</div><div id="a143992" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:314.1px;">impaired (POCI).<div style="display:inline-block;width:5.22px"> </div>POCI financial instruments<div style="display:inline-block;width:6.02px"> </div>include those<div style="display:inline-block;width:5.33px"> </div>that are<div style="display:inline-block;width:5.07px"> </div>purchased at<div style="display:inline-block;width:5.42px"> </div>a deep discount<div style="display:inline-block;width:5.84px"> </div>or newly originated </div><div id="a143996" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:329.3px;">with a defaulted counterparty;<div style="display:inline-block;width:4.83px"> </div>they remain a separate category until<div style="display:inline-block;width:5.28px"> </div>derecognition.<div style="display:inline-block;width:4.78px"> </div></div><div id="a143999" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:352px;">All or part of<div style="display:inline-block;width:2.14px"> </div>a financial<div style="display:inline-block;width:2.21px"> </div>asset is written<div style="display:inline-block;width:2.3px"> </div>off if it<div style="display:inline-block;width:2.19px"> </div>is deemed uncollectible<div style="display:inline-block;width:2.13px"> </div>or forgiven. Write-offs reduce the<div style="display:inline-block;width:2.2px"> </div>principal amount </div><div id="a144003" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:367.1px;">of a claim<div style="display:inline-block;width:2.06px"> </div>and are charged against related allowances for<div style="display:inline-block;width:2.11px"> </div>credit losses. Recoveries, in part or<div style="display:inline-block;width:2.34px"> </div>in full, of amounts previously </div><div id="a144006" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:382.7px;">written off are generally credited<div style="display:inline-block;width:5.07px"> </div>to </div><div id="a144008" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:210.272px;top:382.5px;">Credit loss expense / (release)</div><div id="a144009" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:375.885px;top:382.7px;">.<div style="display:inline-block;width:4.36px"> </div></div><div id="a144011" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:405.4px;">ECL are recognized in the income statement in </div><div id="a144012" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:270.832px;top:405.2px;">Credit loss expense / (release)</div><div id="a144013" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:435.498px;top:405.4px;">. A corresponding ECL allowance is reported </div><div id="a144014" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:420.6px;">as a decrease<div style="display:inline-block;width:5.59px"> </div>in the carrying<div style="display:inline-block;width:5.62px"> </div>amount of<div style="display:inline-block;width:5.18px"> </div>financial assets measured<div style="display:inline-block;width:5.53px"> </div>at amortized<div style="display:inline-block;width:5.26px"> </div>cost on<div style="display:inline-block;width:5.13px"> </div>the balance<div style="display:inline-block;width:5.29px"> </div>sheet. For financial </div><div id="a144016" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:436.2px;">assets that<div style="display:inline-block;width:5.67px"> </div>are<div style="display:inline-block;width:5.29px"> </div>measured<div style="display:inline-block;width:5.12px"> </div>at FVOCI,<div style="display:inline-block;width:5.9px"> </div>the carrying<div style="display:inline-block;width:6.36px"> </div>amount<div style="display:inline-block;width:5.03px"> </div>is not<div style="display:inline-block;width:5.98px"> </div>reduced,<div style="display:inline-block;width:5.32px"> </div>but an<div style="display:inline-block;width:6.23px"> </div>accumulated amount<div style="display:inline-block;width:5.87px"> </div>is recognized<div style="display:inline-block;width:6.11px"> </div>in </div><div id="a144017" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:451.1px;">Other comprehensive<div style="display:inline-block;width:6.09px"> </div>income</div><div id="a144018" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:172.885px;top:451.3px;">. For<div style="display:inline-block;width:5.73px"> </div>off-balance sheet<div style="display:inline-block;width:5.99px"> </div>financial instruments<div style="display:inline-block;width:5.98px"> </div>and<div style="display:inline-block;width:5.13px"> </div>other credit<div style="display:inline-block;width:5.71px"> </div>lines, provisions<div style="display:inline-block;width:6.04px"> </div>for ECL<div style="display:inline-block;width:5.91px"> </div>are </div><div id="a144022" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:466.5px;">presented in </div><div id="a144023" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:79.214px;top:466.2px;">Provisions. </div><div id="a144026" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:489.4px;">Default and credit impairment </div><div id="a144028" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:504.8px;">UBS AG applies a single<div style="display:inline-block;width:5.13px"> </div>definition of default for credit<div style="display:inline-block;width:5.1px"> </div>risk management purposes,<div style="display:inline-block;width:5.48px"> </div>regulatory reporting and<div style="display:inline-block;width:5.43px"> </div>ECL, with a </div><div id="a144036" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:519.9px;">counterparty classified as defaulted based<div style="display:inline-block;width:5.27px"> </div>on quantitative and qualitative criteria.</div></div></div><div id="a144036_84_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:464.827px;top:519.9px;"><div style="display:inline-block;width:4.28px"> </div></div><div id="a144039" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:532.1px;">›</div><div id="a144040" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:532.3px;"> </div><div id="a144041" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:537px;">Refer to “Credit policies<div style="display:inline-block;width:0.97px"> </div>for distressed assets”<div style="display:inline-block;width:1.45px"> </div>in the “Risk<div style="display:inline-block;width:1.68px"> </div>management and<div style="display:inline-block;width:1.68px"> </div>control”<div style="display:inline-block;width:2.32px"> </div>section of this<div style="display:inline-block;width:0.93px"> </div>report for more information </div><div id="div_996_XBRL_TS_a0f0d1464da944d1a37cd30f124e7832" style="position:absolute;left:0px;top:557.5px;float:left;"><div id="TextBlockContainer997" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:251px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a144058" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:0px;">Measurement of expected credit losses </div><div id="a144063" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.4px;">IFRS 9 ECL<div style="display:inline-block;width:5.02px"> </div>reflect an unbiased,<div style="display:inline-block;width:6.42px"> </div>probability-weighted estimate<div style="display:inline-block;width:5.45px"> </div>based on<div style="display:inline-block;width:5.69px"> </div>loss expectations resulting<div style="display:inline-block;width:5.83px"> </div>from default events. </div><div id="a144068" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.6px;">The method<div style="display:inline-block;width:5.34px"> </div>used to<div style="display:inline-block;width:5.34px"> </div>calculate ECL<div style="display:inline-block;width:5.17px"> </div>applies the<div style="display:inline-block;width:5.6px"> </div>following<div style="display:inline-block;width:5.18px"> </div>principal factors:<div style="display:inline-block;width:5.41px"> </div>probability of<div style="display:inline-block;width:5.58px"> </div>default (PD),<div style="display:inline-block;width:5.77px"> </div>loss given<div style="display:inline-block;width:5.13px"> </div>default </div><div id="a144069" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.7px;">(LGD) and<div style="display:inline-block;width:6.24px"> </div>exposure at<div style="display:inline-block;width:5.75px"> </div>default (EAD).<div style="display:inline-block;width:5.92px"> </div>Parameters are<div style="display:inline-block;width:5.3px"> </div>generally<div style="display:inline-block;width:5.04px"> </div>determined on<div style="display:inline-block;width:6.23px"> </div>an individual<div style="display:inline-block;width:5.23px"> </div>financial asset<div style="display:inline-block;width:5.46px"> </div>level. Based </div><div id="a144071" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61.3px;">on the<div style="display:inline-block;width:5.29px"> </div>materiality of the portfolio,<div style="display:inline-block;width:5.67px"> </div>for credit card<div style="display:inline-block;width:5.22px"> </div>exposures and<div style="display:inline-block;width:5.83px"> </div>personal account overdrafts<div style="display:inline-block;width:5.26px"> </div>in Switzerland,<div style="display:inline-block;width:5.3px"> </div>a portfolio </div><div id="a144072" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.4px;">approach is applied that derives<div style="display:inline-block;width:2.22px"> </div>an average PD and LGD<div style="display:inline-block;width:2.29px"> </div>for the entire portfolio. PDs<div style="display:inline-block;width:2.26px"> </div>and LGDs used in<div style="display:inline-block;width:2.11px"> </div>the ECL calculation </div><div id="a144074" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:92px;">are point-in-time<div style="display:inline-block;width:5.06px"> </div>(PIT)-based for<div style="display:inline-block;width:5.2px"> </div>key portfolios<div style="display:inline-block;width:5.29px"> </div>and consider<div style="display:inline-block;width:5.43px"> </div>both current<div style="display:inline-block;width:5.27px"> </div>conditions and<div style="display:inline-block;width:5.73px"> </div>expected cyclical changes.<div style="display:inline-block;width:5.64px"> </div>For </div><div id="a144081" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.2px;">material portfolios, PDs and LGDs are<div style="display:inline-block;width:2.16px"> </div>determined for different scenarios, whereas EAD projections are treated as<div style="display:inline-block;width:2.13px"> </div>scenario </div><div id="a144083" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:122.8px;">independent. </div><div id="a144085" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:145.5px;">For the<div style="display:inline-block;width:5.68px"> </div>purpose<div style="display:inline-block;width:5.43px"> </div>of determining<div style="display:inline-block;width:6.44px"> </div>the ECL<div style="display:inline-block;width:1.69px"> </div>-relevant parameters,<div style="display:inline-block;width:6.61px"> </div>UBS<div style="display:inline-block;width:5.15px"> </div>AG leverages<div style="display:inline-block;width:6.12px"> </div>its<div style="display:inline-block;width:5.5px"> </div>Basel III advanced<div style="display:inline-block;width:6.46px"> </div>internal<div style="display:inline-block;width:5.32px"> </div>ratings-</div><div id="a144097" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.6px;">based<div style="display:inline-block;width:5.18px"> </div>(A-IRB)<div style="display:inline-block;width:5.27px"> </div>models that<div style="display:inline-block;width:5.87px"> </div>are also<div style="display:inline-block;width:6.01px"> </div>used<div style="display:inline-block;width:5.18px"> </div>in determi<div style="display:inline-block;width:1.42px"> </div>ning<div style="display:inline-block;width:5.23px"> </div>expected<div style="display:inline-block;width:5.05px"> </div>loss (EL)<div style="display:inline-block;width:6.45px"> </div>and<div style="display:inline-block;width:5.13px"> </div>risk-weighted<div style="display:inline-block;width:5.51px"> </div>assets under<div style="display:inline-block;width:6.23px"> </div>the Basel<div style="display:inline-block;width:5.15px"> </div>III </div><div id="a144106" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:175.8px;">framework and Pillar 2 stress loss models. Adjustments have<div style="display:inline-block;width:5.04px"> </div>been made to these models and IFRS 9-related models have </div><div id="a144114" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:191.4px;">been developed that consider the complexity, structure and risk profile of relevant portfolios and take account of the fact </div><div id="a144116" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:206.5px;">that PDs and LGDs used in the ECL calculation are PIT-based, as opposed to the corresponding Basel III through-the-cycle </div><div id="a144125" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:222.1px;">(TTC)<div style="display:inline-block;width:6.04px"> </div>parameters.<div style="display:inline-block;width:5.42px"> </div>All<div style="display:inline-block;width:6.09px"> </div>models<div style="display:inline-block;width:5.87px"> </div>that<div style="display:inline-block;width:5.57px"> </div>are<div style="display:inline-block;width:5.76px"> </div>relevant<div style="display:inline-block;width:6.45px"> </div>for<div style="display:inline-block;width:5.57px"> </div>measuring<div style="display:inline-block;width:6.39px"> </div>expected<div style="display:inline-block;width:5.52px"> </div>credit<div style="display:inline-block;width:5.98px"> </div>losses<div style="display:inline-block;width:6.67px"> </div>are<div style="display:inline-block;width:5.76px"> </div>subject<div style="display:inline-block;width:5.67px"> </div>to<div style="display:inline-block;width:5.72px"> </div>UBS<div style="display:inline-block;width:6.12px"> </div>AG’s<div style="display:inline-block;width:5.88px"> </div>model </div><div id="a144131" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:237.3px;">validation and oversight processes.</div></div></div></div><div id="TextBlockContainer1002" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:898px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1000_XBRL_TS_d420c99e095c4a1690e2be9ebeb122f3" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1001" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:884px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a144170" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:0px;">Probability of default: </div><div id="a144171" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:130.792px;top:0.3px;">PD represents<div style="display:inline-block;width:5.03px"> </div>the probability of a default<div style="display:inline-block;width:5.56px"> </div>over a specified time<div style="display:inline-block;width:5.31px"> </div>period. A 12<div style="display:inline-block;width:1.38px"> </div>-month PD represents </div><div id="a144177" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.9px;">the probability of default determined<div style="display:inline-block;width:5.17px"> </div>for the next 12 months and a lifetime PD represents<div style="display:inline-block;width:5.1px"> </div>the probability of default over </div><div id="a144185" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:31px;">the remaining lifetime<div style="display:inline-block;width:2.18px"> </div>of the instrument. PIT<div style="display:inline-block;width:2.24px"> </div>PDs are derived<div style="display:inline-block;width:2.33px"> </div>from TTC PDs and<div style="display:inline-block;width:1.53px"> </div>scenario forecasts. The modeling is<div style="display:inline-block;width:1.93px"> </div>region, </div><div id="a144186" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.6px;">industry and<div style="display:inline-block;width:5.34px"> </div>client segment<div style="display:inline-block;width:5.13px"> </div>specific and<div style="display:inline-block;width:5.67px"> </div>considers both<div style="display:inline-block;width:5.53px"> </div>macroeconomic scenario<div style="display:inline-block;width:5.84px"> </div>dependencies<div style="display:inline-block;width:5.48px"> </div>and client-idiosyncratic </div><div id="a144195" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.8px;">information. </div><div id="a144197" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:84.2px;">Exposure at default: </div><div id="a144198" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:120.352px;top:84.5px;">EAD represents an estimate of the exposure to credit<div style="display:inline-block;width:1.87px"> </div>risk at the time of<div style="display:inline-block;width:2.11px"> </div>a potential default occurring, </div><div id="a144199" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.6px;">considering expected repayments, interest<div style="display:inline-block;width:5.03px"> </div>payments and accruals, discounted<div style="display:inline-block;width:5.68px"> </div>at the EIR. Future drawdowns on<div style="display:inline-block;width:5.38px"> </div>facilities </div><div id="a144201" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:115.2px;">are considered<div style="display:inline-block;width:5.56px"> </div>through a<div style="display:inline-block;width:5.3px"> </div>credit conversion factor<div style="display:inline-block;width:5.45px"> </div>(a<div style="display:inline-block;width:4.55px"> </div>CCF) that is<div style="display:inline-block;width:5.46px"> </div>reflective of historical<div style="display:inline-block;width:6.15px"> </div>drawdown<div style="display:inline-block;width:5.12px"> </div>and default<div style="display:inline-block;width:5.23px"> </div>patterns </div><div id="a144204" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:130.4px;">and the characteristics of the<div style="display:inline-block;width:4.66px"> </div>respective portfolios. </div><div id="a144207" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:153.3px;">Loss given default: </div><div id="a144208" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:112.312px;top:153.5px;">LGD represents an estimate<div style="display:inline-block;width:2.26px"> </div>of the loss at the time of a potential<div style="display:inline-block;width:2.17px"> </div>default occurring, taking<div style="display:inline-block;width:2.34px"> </div>into account </div><div id="a144210" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:168.7px;">expected<div style="display:inline-block;width:7.41px"> </div>future<div style="display:inline-block;width:6.8px"> </div>cash<div style="display:inline-block;width:7.14px"> </div>flows<div style="display:inline-block;width:7.19px"> </div>from<div style="display:inline-block;width:7.08px"> </div>collateral<div style="display:inline-block;width:6.47px"> </div>and<div style="display:inline-block;width:7.03px"> </div>other<div style="display:inline-block;width:7.19px"> </div>credit<div style="display:inline-block;width:6.92px"> </div>enhancements,<div style="display:inline-block;width:6.13px"> </div>or<div style="display:inline-block;width:7.62px"> </div>expected<div style="display:inline-block;width:6.47px"> </div>payouts<div style="display:inline-block;width:7.39px"> </div>from<div style="display:inline-block;width:6.6px"> </div>bankruptcy </div><div id="a144211" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:183.8px;">proceedings for unsecured<div style="display:inline-block;width:2.16px"> </div>claims and, where applicable,<div style="display:inline-block;width:1.37px"> </div>time to realization<div style="display:inline-block;width:2.03px"> </div>of collateral and the<div style="display:inline-block;width:2.09px"> </div>seniority of claims.<div style="display:inline-block;width:1.95px"> </div>LGD is </div><div id="a144213" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:199px;">commonly expressed<div style="display:inline-block;width:2.24px"> </div>as a percentage of<div style="display:inline-block;width:2.17px"> </div>EAD. </div><div id="a144216" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#E60000;left:4.905px;top:221.9px;">Estimation of expected credit losses </div><div id="a144223" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:244.6px;">Number of scenarios and estimation<div style="display:inline-block;width:5.2px"> </div>of scenario weights </div><div id="a144228" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:260px;">Determination of<div style="display:inline-block;width:1.98px"> </div>probability-weighted ECL<div style="display:inline-block;width:2.1px"> </div>requires evaluating<div style="display:inline-block;width:2.09px"> </div>a range of diverse<div style="display:inline-block;width:1.82px"> </div>and relevant future<div style="display:inline-block;width:2.04px"> </div>economic conditions, </div><div id="a144231" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:275.1px;">especially with a view<div style="display:inline-block;width:2.12px"> </div>to modeling the<div style="display:inline-block;width:1.7px"> </div>non-linear effect of assumptions<div style="display:inline-block;width:1.34px"> </div>about macroeconomic<div style="display:inline-block;width:2.33px"> </div>factors on the<div style="display:inline-block;width:2.14px"> </div>estimate.<div style="display:inline-block;width:2.68px"> </div></div><div id="a144236" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:297.8px;">To accommodate<div style="display:inline-block;width:6.25px"> </div>this requirement,<div style="display:inline-block;width:6.25px"> </div>UBS<div style="display:inline-block;width:5.25px"> </div>AG uses<div style="display:inline-block;width:6.13px"> </div>different<div style="display:inline-block;width:5.37px"> </div>economic<div style="display:inline-block;width:5.15px"> </div>scenarios<div style="display:inline-block;width:5.24px"> </div>in the<div style="display:inline-block;width:6.4px"> </div>ECL calculation.<div style="display:inline-block;width:6.52px"> </div>Each scenario<div style="display:inline-block;width:6.25px"> </div>is </div><div id="a144241" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:313px;">represented<div style="display:inline-block;width:5.88px"> </div>by a<div style="display:inline-block;width:6.25px"> </div>specific scenario<div style="display:inline-block;width:6.2px"> </div>narrative,<div style="display:inline-block;width:5.37px"> </div>which<div style="display:inline-block;width:5.4px"> </div>is<div style="display:inline-block;width:5.15px"> </div>relevant<div style="display:inline-block;width:5.03px"> </div>considering<div style="display:inline-block;width:5.7px"> </div>the exposure<div style="display:inline-block;width:6.37px"> </div>of key<div style="display:inline-block;width:6.1px"> </div>portfolios<div style="display:inline-block;width:5.39px"> </div>to<div style="display:inline-block;width:5.25px"> </div>economic </div><div id="a144243" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:328.6px;">risks, and for which<div style="display:inline-block;width:2.18px"> </div>a set of<div style="display:inline-block;width:2.05px"> </div>consistent macroeconomic variables is<div style="display:inline-block;width:2.28px"> </div>determined. The estimation of the appropriate weights </div><div id="a144245" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:343.8px;">for<div style="display:inline-block;width:5.57px"> </div>these<div style="display:inline-block;width:5.77px"> </div>scenarios<div style="display:inline-block;width:5.72px"> </div>is<div style="display:inline-block;width:5.62px"> </div>predominantly<div style="display:inline-block;width:6.05px"> </div>judgment-based.<div style="display:inline-block;width:6.67px"> </div>The<div style="display:inline-block;width:5.43px"> </div>assessment<div style="display:inline-block;width:5.77px"> </div>is<div style="display:inline-block;width:5.62px"> </div>based<div style="display:inline-block;width:5.66px"> </div>on<div style="display:inline-block;width:5.13px"> </div>a<div style="display:inline-block;width:5.67px"> </div>holistic review<div style="display:inline-block;width:6.87px"> </div>of<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>prevailing </div><div id="a144251" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:359.4px;">economic or<div style="display:inline-block;width:5.77px"> </div>political<div style="display:inline-block;width:5.78px"> </div>conditions,<div style="display:inline-block;width:5.33px"> </div>which may<div style="display:inline-block;width:6.1px"> </div>exhibit<div style="display:inline-block;width:5.04px"> </div>different levels<div style="display:inline-block;width:6.53px"> </div>of uncertainty.<div style="display:inline-block;width:6.31px"> </div>It takes<div style="display:inline-block;width:6.36px"> </div>into account<div style="display:inline-block;width:6.45px"> </div>the impact<div style="display:inline-block;width:5.89px"> </div>of </div><div id="a144252" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:374.5px;">changes in the nature<div style="display:inline-block;width:5.03px"> </div>and severity of the underlying scenario narratives<div style="display:inline-block;width:5.01px"> </div>and<div style="display:inline-block;width:4.44px"> </div>the projected economic variables.<div style="display:inline-block;width:8.5px"> </div></div><div id="a144256" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:397.7px;">The determined<div style="display:inline-block;width:5.08px"> </div>weights constitute<div style="display:inline-block;width:5.02px"> </div>the probabilities that<div style="display:inline-block;width:5.26px"> </div>the respective<div style="display:inline-block;width:5.03px"> </div>set of macroeconomic<div style="display:inline-block;width:5.23px"> </div>conditions will<div style="display:inline-block;width:5.12px"> </div>occur and </div><div id="a144257" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:412.8px;">not that the chosen particular narratives with<div style="display:inline-block;width:5.07px"> </div>the related macroeconomic variables<div style="display:inline-block;width:5.16px"> </div>will materialize. </div><div id="a144260" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:435.3px;">Macroeconomic and other factors </div><div id="a144264" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:450.7px;">The range<div style="display:inline-block;width:5.29px"> </div>of macroeconomic,<div style="display:inline-block;width:5.81px"> </div>market and<div style="display:inline-block;width:5.72px"> </div>other factors<div style="display:inline-block;width:5.47px"> </div>that is<div style="display:inline-block;width:5.15px"> </div>modeled as<div style="display:inline-block;width:5.7px"> </div>part of<div style="display:inline-block;width:5.25px"> </div>the scenario<div style="display:inline-block;width:5.35px"> </div>determination<div style="display:inline-block;width:5.19px"> </div>is wide, </div><div id="a144265" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:465.8px;">and historical information<div style="display:inline-block;width:5.91px"> </div>is used to<div style="display:inline-block;width:5.38px"> </div>support the identification<div style="display:inline-block;width:5.27px"> </div>of the key<div style="display:inline-block;width:5.31px"> </div>factors. As the<div style="display:inline-block;width:5.36px"> </div>forecast horizon<div style="display:inline-block;width:5.36px"> </div>increases, the </div><div id="a144267" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:481.4px;">availability of<div style="display:inline-block;width:5.9px"> </div>information<div style="display:inline-block;width:5.19px"> </div>decreases,<div style="display:inline-block;width:5.49px"> </div>requiring<div style="display:inline-block;width:5.26px"> </div>an increase<div style="display:inline-block;width:6.49px"> </div>in judgment.<div style="display:inline-block;width:6.38px"> </div>For<div style="display:inline-block;width:5.05px"> </div>cycle-sensitive PD<div style="display:inline-block;width:6.04px"> </div>and<div style="display:inline-block;width:5.13px"> </div>LGD<div style="display:inline-block;width:5.05px"> </div>determination </div><div id="a144270" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:496.6px;">purposes,<div style="display:inline-block;width:5.11px"> </div>UBS AG<div style="display:inline-block;width:5.77px"> </div>projects the<div style="display:inline-block;width:5.91px"> </div>relevant economic<div style="display:inline-block;width:6.03px"> </div>factors for<div style="display:inline-block;width:5.74px"> </div>a period<div style="display:inline-block;width:6.13px"> </div>of three<div style="display:inline-block;width:5.96px"> </div>years before<div style="display:inline-block;width:5.81px"> </div>reverting,<div style="display:inline-block;width:5.18px"> </div>over a<div style="display:inline-block;width:5.63px"> </div>specified </div><div id="a144275" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:512.2px;">period, to cycle-neutral PD and LGD for longer<div style="display:inline-block;width:1.64px"> </div>-term projections.<div style="display:inline-block;width:5.25px"> </div></div><div id="a144281" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:534.9px;">Factors relevant<div style="display:inline-block;width:5.62px"> </div>for ECL<div style="display:inline-block;width:5.63px"> </div>calculation<div style="display:inline-block;width:5.41px"> </div>vary by<div style="display:inline-block;width:5.22px"> </div>type of<div style="display:inline-block;width:5.68px"> </div>exposure.<div style="display:inline-block;width:5.37px"> </div>Regional and<div style="display:inline-block;width:5.84px"> </div>client-segment<div style="display:inline-block;width:5.13px"> </div>characteristics<div style="display:inline-block;width:5.02px"> </div>are generally </div><div id="a144284" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:550px;">taken into account, with specific focus<div style="display:inline-block;width:5.23px"> </div>on Switzerland and the US,<div style="display:inline-block;width:5.11px"> </div>considering UBS AG’s key ECL-relevant<div style="display:inline-block;width:5.04px"> </div>portfolios. </div><div id="a144292" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:572.7px;">For<div style="display:inline-block;width:6.47px"> </div>UBS<div style="display:inline-block;width:7.01px"> </div>AG,<div style="display:inline-block;width:6.77px"> </div>the<div style="display:inline-block;width:7.14px"> </div>following<div style="display:inline-block;width:7.07px"> </div>forward-looking<div style="display:inline-block;width:7.45px"> </div>macroeconomic<div style="display:inline-block;width:7.44px"> </div>variables<div style="display:inline-block;width:6.78px"> </div>represent<div style="display:inline-block;width:7.09px"> </div>the<div style="display:inline-block;width:7.14px"> </div>most<div style="display:inline-block;width:6.57px"> </div>relevant<div style="display:inline-block;width:6.92px"> </div>factors<div style="display:inline-block;width:7.41px"> </div>for<div style="display:inline-block;width:6.55px"> </div>ECL </div><div id="a144301" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:587.9px;">calculation:<div style="display:inline-block;width:4.13px"> </div></div><div id="a144303" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:603.5px;">–</div><div id="a144304" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:603.3px;"> </div><div id="a144305" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:603.5px;">GDP growth rates, given their significant<div style="display:inline-block;width:5.04px"> </div>effect on borrowers’<div style="display:inline-block;width:5.09px"> </div>performance;<div style="display:inline-block;width:4.44px"> </div></div><div id="a144307" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:618.6px;">–</div><div id="a144308" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:618.5px;"> </div><div id="a144309" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:618.6px;">unemployment rates, given their significant effect<div style="display:inline-block;width:5.14px"> </div>on private clients’ ability to meet<div style="display:inline-block;width:5.25px"> </div>contractual obligations;<div style="display:inline-block;width:5.05px"> </div></div><div id="a144312" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:634.2px;">–</div><div id="a144313" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:634.1px;"> </div><div id="a144314" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:634.2px;">house price indices, given their significant<div style="display:inline-block;width:5.04px"> </div>effect on mortgage collateral<div style="display:inline-block;width:5.02px"> </div>valuations;<div style="display:inline-block;width:4.73px"> </div></div><div id="a144316" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:649.4px;">–</div><div id="a144317" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:649.2px;"> </div><div id="a144318" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:649.4px;">interest rates, given their significant effect on<div style="display:inline-block;width:5.3px"> </div>counterparties’ abilities to service<div style="display:inline-block;width:5.36px"> </div>debt;<div style="display:inline-block;width:4.24px"> </div></div><div id="a144321" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:664.5px;">–</div><div id="a144322" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:664.4px;"> </div><div id="a144323" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:664.5px;">consumer price<div style="display:inline-block;width:5.67px"> </div>indices,<div style="display:inline-block;width:5.35px"> </div>given their<div style="display:inline-block;width:5.67px"> </div>overall relevance<div style="display:inline-block;width:6.62px"> </div>for companies’<div style="display:inline-block;width:5.98px"> </div>performance,<div style="display:inline-block;width:5.1px"> </div>private<div style="display:inline-block;width:5.26px"> </div>clients’ purchasing<div style="display:inline-block;width:6.88px"> </div>power </div><div id="a144324" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:680.1px;">and economic stability; and </div><div id="a144326" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:695.2px;">–</div><div id="a144327" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:695.1px;"> </div><div id="a144328" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:695.2px;">equity indices, given that they are an<div style="display:inline-block;width:5.1px"> </div>important factor in our corporate rating<div style="display:inline-block;width:5.44px"> </div>tools.<div style="display:inline-block;width:4.37px"> </div></div><div id="a144330" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:718.2px;">Scenario generation, review process and<div style="display:inline-block;width:5.31px"> </div>governance </div><div id="a144332" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:733.6px;">A team of<div style="display:inline-block;width:5.78px"> </div>economists, which<div style="display:inline-block;width:5.79px"> </div>is part<div style="display:inline-block;width:5.18px"> </div>of Group<div style="display:inline-block;width:5.94px"> </div>Risk Control,<div style="display:inline-block;width:5.67px"> </div>develop the<div style="display:inline-block;width:5.18px"> </div>forward-looking<div style="display:inline-block;width:6.09px"> </div>macroeconomic assumptions </div><div id="a144339" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:748.7px;">with involvement from a broad<div style="display:inline-block;width:5.59px"> </div>range of experts. </div><div id="a144343" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:771.4px;">The<div style="display:inline-block;width:5.4px"> </div>scenarios,<div style="display:inline-block;width:5.35px"> </div>their weight<div style="display:inline-block;width:6.77px"> </div>and<div style="display:inline-block;width:5.61px"> </div>the<div style="display:inline-block;width:5.25px"> </div>key macroeconomic<div style="display:inline-block;width:6.4px"> </div>and<div style="display:inline-block;width:5.61px"> </div>other<div style="display:inline-block;width:5.3px"> </div>factors<div style="display:inline-block;width:5.26px"> </div>are<div style="display:inline-block;width:5.29px"> </div>subject<div style="display:inline-block;width:5.2px"> </div>to<div style="display:inline-block;width:5.25px"> </div>a<div style="display:inline-block;width:5.2px"> </div>critical<div style="display:inline-block;width:5.12px"> </div>assessment<div style="display:inline-block;width:5.29px"> </div>by<div style="display:inline-block;width:5.2px"> </div>the </div><div id="a144344" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:786.5px;">IFRS 9 Scenario<div style="display:inline-block;width:6.43px"> </div>Sounding<div style="display:inline-block;width:5.84px"> </div>Sessions<div style="display:inline-block;width:5.18px"> </div>and<div style="display:inline-block;width:5.13px"> </div>ECL Management<div style="display:inline-block;width:6.08px"> </div>Forum, which<div style="display:inline-block;width:6.45px"> </div>include senior<div style="display:inline-block;width:6.64px"> </div>management<div style="display:inline-block;width:5.35px"> </div>from<div style="display:inline-block;width:5.06px"> </div>Group<div style="display:inline-block;width:5.32px"> </div>Risk </div><div id="a144349" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:802.2px;">and Group<div style="display:inline-block;width:5.83px"> </div>Finance. Important aspects<div style="display:inline-block;width:5.72px"> </div>for the<div style="display:inline-block;width:5.25px"> </div>review include<div style="display:inline-block;width:6.04px"> </div>whether there<div style="display:inline-block;width:5.64px"> </div>may be<div style="display:inline-block;width:5.15px"> </div>particular credit<div style="display:inline-block;width:5.14px"> </div>risk concerns<div style="display:inline-block;width:5.9px"> </div>that </div><div id="a144351" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:817.3px;">may not be<div style="display:inline-block;width:5.51px"> </div>capable of being<div style="display:inline-block;width:5.11px"> </div>addressed systematically and<div style="display:inline-block;width:5.32px"> </div>require post-model<div style="display:inline-block;width:5.38px"> </div>adjustments for stage<div style="display:inline-block;width:5.07px"> </div>allocation and<div style="display:inline-block;width:5.18px"> </div>ECL </div><div id="a144354" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:832.9px;">allowance.<div style="display:inline-block;width:4.02px"> </div></div><div id="a144357" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:855.6px;">The<div style="display:inline-block;width:5.4px"> </div>Group<div style="display:inline-block;width:5.79px"> </div>Model<div style="display:inline-block;width:5.08px"> </div>Governance<div style="display:inline-block;width:5.38px"> </div>Committee<div style="display:inline-block;width:5.31px"> </div>(the<div style="display:inline-block;width:5.36px"> </div>GMGC),<div style="display:inline-block;width:5.4px"> </div>as<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>highest<div style="display:inline-block;width:5.6px"> </div>authority<div style="display:inline-block;width:5.04px"> </div>under<div style="display:inline-block;width:6.13px"> </div>UBS<div style="display:inline-block;width:5.87px"> </div>AG’s<div style="display:inline-block;width:5.44px"> </div>model<div style="display:inline-block;width:5.35px"> </div>governance </div><div id="a144361" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:870.8px;">framework, ratifies the decisions<div style="display:inline-block;width:5.03px"> </div>taken by the ECL Management Forum.</div></div></div><div id="a144361_68_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:413.022px;top:870.8px;"><div style="display:inline-block;width:4.04px"> </div></div><div id="a144363" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:882.5px;">›</div><div id="a144364" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:882.7px;"> </div><div id="a144365" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:887.3px;">Refer to Note 19<div style="display:inline-block;width:1.6px"> </div>for more information</div></div><div id="TextBlockContainer1006" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:715px;height:691px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1004_XBRL_TS_3b8a66c6d3c442c7b2d2894ebf5f9088" style="position:absolute;left:20.335px;top:0px;float:left;"><div id="TextBlockContainer1005" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:641px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a144408" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:0px;">ECL measurement period<div style="display:inline-block;width:4.97px"> </div></div><div id="a144413" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.9px;">The period<div style="display:inline-block;width:5.38px"> </div>for which lifetime ECL are<div style="display:inline-block;width:5.45px"> </div>determined is<div style="display:inline-block;width:5.29px"> </div>based on the<div style="display:inline-block;width:5.37px"> </div>maximum contractual period<div style="display:inline-block;width:5.78px"> </div>that UBS AG is<div style="display:inline-block;width:5.29px"> </div>exposed </div><div id="a144414" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:31px;">to<div style="display:inline-block;width:6.2px"> </div>credit<div style="display:inline-block;width:5.98px"> </div>risk,<div style="display:inline-block;width:6.52px"> </div>taking<div style="display:inline-block;width:6.29px"> </div>into<div style="display:inline-block;width:6.29px"> </div>account<div style="display:inline-block;width:6.2px"> </div>contractual<div style="display:inline-block;width:6.26px"> </div>extension,<div style="display:inline-block;width:6.45px"> </div>termination<div style="display:inline-block;width:6.41px"> </div>and<div style="display:inline-block;width:6.55px"> </div>prepayment<div style="display:inline-block;width:6.33px"> </div>options.<div style="display:inline-block;width:7.2px"> </div>For<div style="display:inline-block;width:5.99px"> </div>irrevocable<div style="display:inline-block;width:6.34px"> </div>loan </div><div id="a144416" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:46.6px;">commitments<div style="display:inline-block;width:5.06px"> </div>and<div style="display:inline-block;width:5.13px"> </div>financial guarantee<div style="display:inline-block;width:5.82px"> </div>contracts, the<div style="display:inline-block;width:5.52px"> </div>measurement<div style="display:inline-block;width:5.28px"> </div>period<div style="display:inline-block;width:5.08px"> </div>represents<div style="display:inline-block;width:5.72px"> </div>the maximum<div style="display:inline-block;width:5.26px"> </div>contractual<div style="display:inline-block;width:5.31px"> </div>period </div><div id="a144417" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61.8px;">for which UBS AG has an<div style="display:inline-block;width:5.26px"> </div>obligation to extend credit. </div><div id="a144419" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:84.5px;">Additionally, some financial instruments include both<div style="display:inline-block;width:5.34px"> </div>an on-demand loan and a revocable undrawn commitment, where </div><div id="a144423" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.6px;">the contractual cancellation right<div style="display:inline-block;width:5.03px"> </div>does not limit UBS AG’s exposure<div style="display:inline-block;width:5.58px"> </div>to credit risk to the contractual notice period,<div style="display:inline-block;width:5.26px"> </div>as the </div><div id="a144429" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:115.2px;">client has the ability<div style="display:inline-block;width:1.68px"> </div>to draw down funds<div style="display:inline-block;width:2.2px"> </div>before UBS AG can<div style="display:inline-block;width:1.72px"> </div>take risk-mitigating actions. In<div style="display:inline-block;width:2.29px"> </div>such cases UBS<div style="display:inline-block;width:2.23px"> </div>AG is required </div><div id="a144441" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:130.4px;">to estimate<div style="display:inline-block;width:5.31px"> </div>the period<div style="display:inline-block;width:6.18px"> </div>over which<div style="display:inline-block;width:5.83px"> </div>it is exposed<div style="display:inline-block;width:6.02px"> </div>to credit<div style="display:inline-block;width:5.66px"> </div>risk. This<div style="display:inline-block;width:5.35px"> </div>applies to<div style="display:inline-block;width:5.6px"> </div>UBS AG’s<div style="display:inline-block;width:5.67px"> </div>credit card<div style="display:inline-block;width:5.69px"> </div>limits, which<div style="display:inline-block;width:5.52px"> </div>do not </div><div id="a144445" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:146px;">have a defined<div style="display:inline-block;width:5.76px"> </div>contractual maturity date,<div style="display:inline-block;width:5.9px"> </div>are callable on<div style="display:inline-block;width:5.59px"> </div>demand and<div style="display:inline-block;width:5.69px"> </div>where the drawn<div style="display:inline-block;width:5.26px"> </div>and undrawn<div style="display:inline-block;width:5.87px"> </div>components are </div><div id="a144447" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:161.1px;">managed as<div style="display:inline-block;width:5.34px"> </div>one exposure. The<div style="display:inline-block;width:5.72px"> </div>exposure arising from<div style="display:inline-block;width:5.55px"> </div>UBS AG’s<div style="display:inline-block;width:5.14px"> </div>credit card limits is<div style="display:inline-block;width:5.28px"> </div>not significant and<div style="display:inline-block;width:5.9px"> </div>is managed<div style="display:inline-block;width:5.23px"> </div>at a </div><div id="a144451" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:176.2px;">portfolio level, with<div style="display:inline-block;width:5.77px"> </div>credit actions<div style="display:inline-block;width:5.13px"> </div>triggered when<div style="display:inline-block;width:5.62px"> </div>balances are<div style="display:inline-block;width:5.07px"> </div>past due. An<div style="display:inline-block;width:5.43px"> </div>ECL measurement period<div style="display:inline-block;width:5.79px"> </div>of seven years<div style="display:inline-block;width:5.2px"> </div>is </div><div id="a144452" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:191.9px;">applied for credit card limits, capped at<div style="display:inline-block;width:2.07px"> </div>12 months for stage 1 balances, as a proxy for the period that<div style="display:inline-block;width:2.02px"> </div>UBS AG is exposed </div><div id="a144460" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:207px;">to credit risk. </div><div id="a144462" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:230.2px;">Customary master credit<div style="display:inline-block;width:1.97px"> </div>agreements in the<div style="display:inline-block;width:2.01px"> </div>Swiss corporate market<div style="display:inline-block;width:2.16px"> </div>also include<div style="display:inline-block;width:2.34px"> </div>on-demand loans and revocable<div style="display:inline-block;width:2.01px"> </div>undrawn </div><div id="a144466" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:245.3px;">commitments.<div style="display:inline-block;width:6.64px"> </div>For<div style="display:inline-block;width:5.99px"> </div>smaller<div style="display:inline-block;width:6.63px"> </div>commercial<div style="display:inline-block;width:6.93px"> </div>facilities,<div style="display:inline-block;width:6.41px"> </div>a<div style="display:inline-block;width:6.15px"> </div>risk-based<div style="display:inline-block;width:6.75px"> </div>monitoring<div style="display:inline-block;width:6.49px"> </div>(RbM)<div style="display:inline-block;width:6.81px"> </div>approach<div style="display:inline-block;width:6.84px"> </div>is<div style="display:inline-block;width:6.09px"> </div>in<div style="display:inline-block;width:6.25px"> </div>place<div style="display:inline-block;width:6.04px"> </div>that<div style="display:inline-block;width:6.04px"> </div>highlights </div><div id="a144471" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:260.5px;">negative<div style="display:inline-block;width:6.09px"> </div>trends<div style="display:inline-block;width:6.53px"> </div>as<div style="display:inline-block;width:6.2px"> </div>risk<div style="display:inline-block;width:6.41px"> </div>events,<div style="display:inline-block;width:6.15px"> </div>at<div style="display:inline-block;width:6.59px"> </div>an<div style="display:inline-block;width:6.35px"> </div>individual<div style="display:inline-block;width:6.34px"> </div>facility<div style="display:inline-block;width:6.54px"> </div>level,<div style="display:inline-block;width:6.31px"> </div>based<div style="display:inline-block;width:6.6px"> </div>on<div style="display:inline-block;width:6.55px"> </div>a<div style="display:inline-block;width:6.15px"> </div>combination<div style="display:inline-block;width:6.91px"> </div>of<div style="display:inline-block;width:6.2px"> </div>continuously<div style="display:inline-block;width:6.64px"> </div>updated<div style="display:inline-block;width:6.8px"> </div>risk </div><div id="a144473" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:276.1px;">indicators. The risk events<div style="display:inline-block;width:2.14px"> </div>trigger additional credit reviews<div style="display:inline-block;width:2.15px"> </div>by a risk officer,<div style="display:inline-block;width:2.05px"> </div>enabling informed credit decisions to<div style="display:inline-block;width:2.18px"> </div>be taken. </div><div id="a144475" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:291.2px;">Larger corporate facilities are not subject to<div style="display:inline-block;width:5.12px"> </div>RbM, but are reviewed<div style="display:inline-block;width:5.08px"> </div>at least annually through a formal credit review. UBS </div><div id="a144478" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:306.4px;">AG has assessed these credit risk management practices and considers both the<div style="display:inline-block;width:2.33px"> </div>RbM approach and formal credit reviews </div><div id="a144481" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:322px;">as substantive<div style="display:inline-block;width:5.45px"> </div>credit reviews<div style="display:inline-block;width:5.07px"> </div>resulting<div style="display:inline-block;width:5.11px"> </div>in a re<div style="display:inline-block;width:1.5px"> </div>-origination o<div style="display:inline-block;width:1.51px"> </div>f<div style="display:inline-block;width:4.1px"> </div>the given<div style="display:inline-block;width:5.45px"> </div>facility. Following<div style="display:inline-block;width:6px"> </div>this, a 12<div style="display:inline-block;width:1.81px"> </div>-month measurement </div><div id="a144487" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:337.1px;">period from<div style="display:inline-block;width:5.16px"> </div>the reporting date<div style="display:inline-block;width:5.52px"> </div>is used<div style="display:inline-block;width:5.23px"> </div>for both types<div style="display:inline-block;width:5.18px"> </div>of facilities as an<div style="display:inline-block;width:5.41px"> </div>appropriate proxy of<div style="display:inline-block;width:5.56px"> </div>the period<div style="display:inline-block;width:5.23px"> </div>over which UBS </div><div id="a144489" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:352.7px;">AG is<div style="display:inline-block;width:2.02px"> </div>exposed to credit<div style="display:inline-block;width:1.96px"> </div>risk, with 12<div style="display:inline-block;width:1.98px"> </div>months also used<div style="display:inline-block;width:2.1px"> </div>as a<div style="display:inline-block;width:2.04px"> </div>look-back period for<div style="display:inline-block;width:2.24px"> </div>assessing SICR, always from<div style="display:inline-block;width:1.52px"> </div>the respective </div><div id="a144498" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:367.9px;">reporting date. </div><div id="a144500" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:390.3px;">Significant increase in credit risk<div style="display:inline-block;width:5.27px"> </div></div><div id="a144502" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:405.7px;">Financial<div style="display:inline-block;width:5.83px"> </div>instruments<div style="display:inline-block;width:6.13px"> </div>subject<div style="display:inline-block;width:5.67px"> </div>to ECL<div style="display:inline-block;width:5.78px"> </div>are monitored<div style="display:inline-block;width:7.29px"> </div>on an<div style="display:inline-block;width:5.44px"> </div>ongoing<div style="display:inline-block;width:5.84px"> </div>basis.<div style="display:inline-block;width:5.5px"> </div>To<div style="display:inline-block;width:5.93px"> </div>determine<div style="display:inline-block;width:5.99px"> </div>whether<div style="display:inline-block;width:5.88px"> </div>the recognition<div style="display:inline-block;width:7.31px"> </div>of a </div><div id="a144503" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:421.3px;">maximum<div style="display:inline-block;width:6.06px"> </div>12-month<div style="display:inline-block;width:6.76px"> </div>ECL<div style="display:inline-block;width:5.63px"> </div>continues<div style="display:inline-block;width:6.55px"> </div>to<div style="display:inline-block;width:5.25px"> </div>be<div style="display:inline-block;width:5.4px"> </div>appropriate,<div style="display:inline-block;width:7.3px"> </div>an<div style="display:inline-block;width:5.4px"> </div>assessment<div style="display:inline-block;width:7.19px"> </div>is<div style="display:inline-block;width:5.15px"> </div>made<div style="display:inline-block;width:5.72px"> </div>as<div style="display:inline-block;width:5.72px"> </div>to whether<div style="display:inline-block;width:7.92px"> </div>an SICR<div style="display:inline-block;width:7.18px"> </div>has<div style="display:inline-block;width:5.45px"> </div>occurred </div><div id="a144507" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:436.5px;">since initial<div style="display:inline-block;width:5.83px"> </div>recognition<div style="display:inline-block;width:5.73px"> </div>of the<div style="display:inline-block;width:5.4px"> </div>financial instrument<div style="display:inline-block;width:3.28px"> </div>,<div style="display:inline-block;width:3.89px"> </div>applying<div style="display:inline-block;width:5.16px"> </div>both quantitative<div style="display:inline-block;width:6.91px"> </div>and qualitative<div style="display:inline-block;width:6.71px"> </div>factors.<div style="display:inline-block;width:5.49px"> </div></div><div id="a144512" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:459.6px;">Primarily, UBS AG assesses changes in an instrument’s<div style="display:inline-block;width:2.16px"> </div>risk of default on a quantitative basis by comparing the<div style="display:inline-block;width:2.04px"> </div>annualized </div><div id="a144518" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:474.8px;">forward-looking and<div style="display:inline-block;width:5.06px"> </div>scenario-weighted lifetime PD of an instrument determined<div style="display:inline-block;width:5.73px"> </div>at two different dates:<div style="display:inline-block;width:5.2px"> </div></div><div id="a144524" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:489.9px;">–</div><div id="a144525" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:489.8px;"> </div><div id="a144526" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:489.9px;">at the reporting date; and<div style="display:inline-block;width:4.76px"> </div></div><div id="a144528" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:505.1px;">–</div><div id="a144529" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:504.9px;"> </div><div id="a144530" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:505.1px;">at inception of the instrument. </div><div id="a144532" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:528.2px;">If, based<div style="display:inline-block;width:5.13px"> </div>on UBS<div style="display:inline-block;width:5.19px"> </div>AG’s quantitative<div style="display:inline-block;width:5.24px"> </div>modeling, an<div style="display:inline-block;width:5.59px"> </div>increase exceeds a<div style="display:inline-block;width:5.41px"> </div>set threshold,<div style="display:inline-block;width:5.99px"> </div>an SICR<div style="display:inline-block;width:5.29px"> </div>is deemed<div style="display:inline-block;width:5.03px"> </div>to have occurred </div><div id="a144537" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:543.4px;">and the instrument is transferred to<div style="display:inline-block;width:5.09px"> </div>stage 2 with lifetime ECL recognized. </div><div id="a144541" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:566.1px;">The threshold<div style="display:inline-block;width:5.72px"> </div>applied varies depending<div style="display:inline-block;width:6.51px"> </div>on the<div style="display:inline-block;width:5.29px"> </div>original credit<div style="display:inline-block;width:5.28px"> </div>quality of<div style="display:inline-block;width:5.67px"> </div>the borrower,<div style="display:inline-block;width:5.75px"> </div>with a higher<div style="display:inline-block;width:5.81px"> </div>SICR threshold<div style="display:inline-block;width:6.18px"> </div>set </div><div id="a144544" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:581.2px;">for those<div style="display:inline-block;width:5.98px"> </div>instruments with<div style="display:inline-block;width:5.82px"> </div>a low<div style="display:inline-block;width:5.98px"> </div>PD at<div style="display:inline-block;width:5.78px"> </div>inception. The<div style="display:inline-block;width:5.86px"> </div>SICR assessment<div style="display:inline-block;width:5.65px"> </div>based on<div style="display:inline-block;width:6.16px"> </div>PD changes<div style="display:inline-block;width:5.91px"> </div>is made<div style="display:inline-block;width:5.3px"> </div>at an<div style="display:inline-block;width:5.83px"> </div>individual </div><div id="a144545" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:596.8px;">financial asset<div style="display:inline-block;width:5.46px"> </div>level. A<div style="display:inline-block;width:6.1px"> </div>high-level overview<div style="display:inline-block;width:5.33px"> </div>of the<div style="display:inline-block;width:5.4px"> </div>SICR<div style="display:inline-block;width:5.07px"> </div>trigger, which<div style="display:inline-block;width:5.76px"> </div>is a<div style="display:inline-block;width:5.25px"> </div>multiple of<div style="display:inline-block;width:5.61px"> </div>the annualized<div style="display:inline-block;width:5.75px"> </div>remaining<div style="display:inline-block;width:5.06px"> </div>lifetime </div><div id="a144550" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:612px;">PIT<div style="display:inline-block;width:5.1px"> </div>PD<div style="display:inline-block;width:5.36px"> </div>expressed<div style="display:inline-block;width:5.65px"> </div>in<div style="display:inline-block;width:5.3px"> </div>rating downgrades<div style="display:inline-block;width:1.65px"> </div>,<div style="display:inline-block;width:5.33px"> </div>is provided<div style="display:inline-block;width:6.79px"> </div>in the<div style="display:inline-block;width:6.4px"> </div>“SICR<div style="display:inline-block;width:5.18px"> </div>thresholds”<div style="display:inline-block;width:5.67px"> </div>table below.<div style="display:inline-block;width:6.49px"> </div>The<div style="display:inline-block;width:5.4px"> </div>actual SICR<div style="display:inline-block;width:6.72px"> </div>thresholds </div><div id="a144554" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:627.1px;">applied are defined on<div style="display:inline-block;width:5.33px"> </div>a more granular level by interpolating between the<div style="display:inline-block;width:5.07px"> </div>values shown in<div style="display:inline-block;width:5.12px"> </div>the table.</div></div></div><div id="a144554_100_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:598.273px;top:627.1px;"> </div><div id="a144557" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:652.7px;">SICR thresholds </div><div id="a144559" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#000000;left:4.905px;top:669.8px;">–</div><div id="a144560" style="position:absolute;font-family:'Arial';font-size:9.931px;font-weight:normal;font-style:normal;color:#000000;left:10.106px;top:669.8px;"> </div><div id="a144561" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;color:#000000;left:29.024px;top:669.6px;">Internal rating at origination<div style="display:inline-block;width:3.44px"> </div></div><div id="a144563" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;color:#000000;left:29.024px;top:681.9px;">of the instrument </div></div><div id="TextBlockContainer1010" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:690px;height:217px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a144565" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:368.481px;top:0px;">–</div><div id="a144566" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:373.694px;top:0px;"> </div><div id="a144567" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:392.641px;top:-0.2px;">Rating downgrades / </div><div id="a144569" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:392.641px;top:12.1px;">SICR trigger </div><div id="a144571" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:188.681px;top:32.1px;">0–3 </div><div id="a144575" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.628px;top:32.1px;">3 </div><div id="a144577" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:188.681px;top:52.5px;">4–8 </div><div id="a144581" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.628px;top:52.5px;">2 </div><div id="a144583" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:186.321px;top:72.9px;">9–13 </div><div id="a144587" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.628px;top:72.9px;">1 </div><div id="a144589" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:18.314px;top:85.9px;">›</div><div id="a144590" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:23.516px;top:86.1px;"> </div><div id="a144591" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:29.696px;top:90.7px;">Refer to the “Risk<div style="display:inline-block;width:1.45px"> </div>management and<div style="display:inline-block;width:1.21px"> </div>control” section of<div style="display:inline-block;width:1.68px"> </div>this report for more<div style="display:inline-block;width:1.48px"> </div>details about<div style="display:inline-block;width:1.49px"> </div>UBS AG’s internal grading<div style="display:inline-block;width:1.62px"> </div>system </div><div id="div_1008_XBRL_TS_af387b3b7cb84985a9904cc67022ce4c" style="position:absolute;left:0px;top:111.5px;float:left;"><div id="TextBlockContainer1009" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:105px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a144606" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Irrespective of<div style="display:inline-block;width:5.72px"> </div>the SICR<div style="display:inline-block;width:6.65px"> </div>assessment based<div style="display:inline-block;width:6.32px"> </div>on<div style="display:inline-block;width:5.13px"> </div>default probabilities,<div style="display:inline-block;width:6.25px"> </div>credit risk<div style="display:inline-block;width:5.87px"> </div>is generally<div style="display:inline-block;width:6.04px"> </div>deemed to<div style="display:inline-block;width:6.08px"> </div>have significantly </div><div id="a144608" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">increased<div style="display:inline-block;width:6.38px"> </div>for<div style="display:inline-block;width:6.04px"> </div>an<div style="display:inline-block;width:6.35px"> </div>instrument<div style="display:inline-block;width:6.09px"> </div>if<div style="display:inline-block;width:5.89px"> </div>the<div style="display:inline-block;width:6.2px"> </div>contractual<div style="display:inline-block;width:6.26px"> </div>payments<div style="display:inline-block;width:6.31px"> </div>are<div style="display:inline-block;width:6.23px"> </div>more<div style="display:inline-block;width:6.28px"> </div>than<div style="display:inline-block;width:6.4px"> </div>30<div style="display:inline-block;width:6.08px"> </div>days<div style="display:inline-block;width:5.72px"> </div>past<div style="display:inline-block;width:6.25px"> </div>due.<div style="display:inline-block;width:6.76px"> </div>For<div style="display:inline-block;width:5.99px"> </div>certain<div style="display:inline-block;width:5.74px"> </div>less<div style="display:inline-block;width:6.14px"> </div>material </div><div id="a144612" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.3px;">portfolios, specifically the Swiss<div style="display:inline-block;width:5.03px"> </div>credit card<div style="display:inline-block;width:4.2px"> </div>portfolio,<div style="display:inline-block;width:4.05px"> </div>the 30-day past due criterion<div style="display:inline-block;width:5.51px"> </div>is used as the<div style="display:inline-block;width:5.06px"> </div>primary indicator of an </div><div id="a144617" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.9px;">SICR. Where instruments are transferred to stage 2 due to<div style="display:inline-block;width:2.34px"> </div>the 30-day past due criterion, a<div style="display:inline-block;width:1.98px"> </div>minimum period of six<div style="display:inline-block;width:2.08px"> </div>months </div><div id="a144622" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61px;">is applied before a transfer<div style="display:inline-block;width:2.16px"> </div>back to stage 1 can be triggered. For<div style="display:inline-block;width:2.17px"> </div>instruments in Personal &amp; Corporate Banking and Global </div><div id="a144626" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;">Wealth Management<div style="display:inline-block;width:5.16px"> </div>Region Switzerland<div style="display:inline-block;width:5.33px"> </div>that are between<div style="display:inline-block;width:5.75px"> </div>90 and 180 days<div style="display:inline-block;width:5.56px"> </div>past due but<div style="display:inline-block;width:5.22px"> </div>have not been<div style="display:inline-block;width:5.12px"> </div>reclassified to </div><div id="a144627" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:91.8px;">stage 3, a one-year period is applied<div style="display:inline-block;width:5.46px"> </div>before a transfer back to stage 1 can<div style="display:inline-block;width:5.03px"> </div>be triggered.</div></div></div></div><div id="TextBlockContainer1024" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:905px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1012_XBRL_TS_07a5b401edc845139889f48b39725a37" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1013" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:243px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a144674" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Additionally,<div style="display:inline-block;width:6.24px"> </div>based<div style="display:inline-block;width:6.13px"> </div>on<div style="display:inline-block;width:6.08px"> </div>individual<div style="display:inline-block;width:5.86px"> </div>counterparty-specific<div style="display:inline-block;width:5.9px"> </div>indicators,<div style="display:inline-block;width:6.19px"> </div>external<div style="display:inline-block;width:6.44px"> </div>market<div style="display:inline-block;width:5.69px"> </div>indicators<div style="display:inline-block;width:6.09px"> </div>of<div style="display:inline-block;width:5.72px"> </div>credit<div style="display:inline-block;width:5.98px"> </div>risk<div style="display:inline-block;width:5.94px"> </div>or<div style="display:inline-block;width:5.72px"> </div>general </div><div id="a144677" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">economic conditions, counterparties may be moved<div style="display:inline-block;width:5.15px"> </div>to a watch list, which is used as a secondary qualitative indicator for </div><div id="a144679" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">an<div style="display:inline-block;width:6.35px"> </div>SICR.<div style="display:inline-block;width:6.03px"> </div>Exception<div style="display:inline-block;width:6.09px"> </div>management<div style="display:inline-block;width:6.29px"> </div>is<div style="display:inline-block;width:6.09px"> </div>further<div style="display:inline-block;width:5.94px"> </div>applied,<div style="display:inline-block;width:6.65px"> </div>allowing<div style="display:inline-block;width:6.07px"> </div>for<div style="display:inline-block;width:6.04px"> </div>individual<div style="display:inline-block;width:5.86px"> </div>and<div style="display:inline-block;width:6.08px"> </div>collective<div style="display:inline-block;width:5.75px"> </div>adjustments<div style="display:inline-block;width:6.29px"> </div>on<div style="display:inline-block;width:6.55px"> </div>exposures </div><div id="a144680" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.4px;">sharing the same credit risk characteristics<div style="display:inline-block;width:5.03px"> </div>to take account of specific situa<div style="display:inline-block;width:1.67px"> </div>tions that are not otherwise<div style="display:inline-block;width:5.25px"> </div>fully reflected.<div style="display:inline-block;width:4.41px"> </div></div><div id="a144683" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:69.1px;">In general, the overall SICR determination process does not apply to Lombard loans, securities financing transactions and </div><div id="a144685" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:84.2px;">certain<div style="display:inline-block;width:6.21px"> </div>other<div style="display:inline-block;width:6.25px"> </div>asset-based<div style="display:inline-block;width:6.93px"> </div>lending<div style="display:inline-block;width:6.75px"> </div>transactions,<div style="display:inline-block;width:7.14px"> </div>because<div style="display:inline-block;width:6.4px"> </div>of<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:6.67px"> </div>risk<div style="display:inline-block;width:6.41px"> </div>management<div style="display:inline-block;width:6.77px"> </div>practices<div style="display:inline-block;width:6.06px"> </div>adopted,<div style="display:inline-block;width:6.91px"> </div>including<div style="display:inline-block;width:6.64px"> </div>daily </div><div id="a144688" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.3px;">monitoring<div style="display:inline-block;width:5.07px"> </div>processes<div style="display:inline-block;width:5.16px"> </div>with strict<div style="display:inline-block;width:5.11px"> </div>margining.<div style="display:inline-block;width:5.6px"> </div>If margin<div style="display:inline-block;width:5.52px"> </div>calls are<div style="display:inline-block;width:5.5px"> </div>not satisfied,<div style="display:inline-block;width:6.39px"> </div>a position<div style="display:inline-block;width:6.28px"> </div>is closed<div style="display:inline-block;width:5.4px"> </div>out<div style="display:inline-block;width:5.32px"> </div>and classified<div style="display:inline-block;width:5.34px"> </div>as a </div><div id="a144690" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:115px;">stage 3 position. In exceptional cases, an individual adjustment<div style="display:inline-block;width:5.05px"> </div>and a transfer into stage 2 may be made to take account </div><div id="a144697" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:130.1px;">of specific facts. </div><div id="a144699" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:153.3px;">Credit risk<div style="display:inline-block;width:5.79px"> </div>officers are<div style="display:inline-block;width:5.59px"> </div>responsible<div style="display:inline-block;width:5.51px"> </div>for the<div style="display:inline-block;width:5.25px"> </div>identification<div style="display:inline-block;width:5.06px"> </div>of an<div style="display:inline-block;width:5.56px"> </div>SICR,<div style="display:inline-block;width:5.15px"> </div>which for<div style="display:inline-block;width:5.44px"> </div>accounting<div style="display:inline-block;width:5.08px"> </div>purposes<div style="display:inline-block;width:5.07px"> </div>is in<div style="display:inline-block;width:5.35px"> </div>some respects </div><div id="a144709" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:168.4px;">different<div style="display:inline-block;width:7.73px"> </div>from<div style="display:inline-block;width:8.02px"> </div>internal<div style="display:inline-block;width:8.16px"> </div>credit<div style="display:inline-block;width:7.87px"> </div>risk<div style="display:inline-block;width:7.83px"> </div>management<div style="display:inline-block;width:7.71px"> </div>processes</div><div id="a144710" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:349.872px;top:168.4px;">.<div style="display:inline-block;width:8.14px"> </div>This<div style="display:inline-block;width:7.71px"> </div>difference</div><div id="a144711" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:448.298px;top:168.4px;"> </div><div id="a144712" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:455.872px;top:168.4px;">mainly </div><div id="a144713" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:500.832px;top:168.4px;">arises </div><div id="a144714" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:539.605px;top:168.4px;">because<div style="display:inline-block;width:8.29px"> </div>ECL<div style="display:inline-block;width:7.52px"> </div>accounting </div><div id="a144715" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:183.6px;">requirements are instrument-specific, such that a borrower can<div style="display:inline-block;width:2.27px"> </div>have multiple exposures allocated to different stages, and </div><div id="a144719" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:198.7px;">maturing loans in stage 2<div style="display:inline-block;width:5.08px"> </div>will migrate to stage 1 upon renewal irrespective of the actual<div style="display:inline-block;width:5.02px"> </div>credit risk at that time. Under a </div><div id="a144726" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:214.3px;">risk-based<div style="display:inline-block;width:6.27px"> </div>approach,<div style="display:inline-block;width:6.94px"> </div>a<div style="display:inline-block;width:6.15px"> </div>holistic<div style="display:inline-block;width:5.46px"> </div>counterparty<div style="display:inline-block;width:6.88px"> </div>credit<div style="display:inline-block;width:5.98px"> </div>assessment<div style="display:inline-block;width:6.24px"> </div>and<div style="display:inline-block;width:6.55px"> </div>the<div style="display:inline-block;width:6.2px"> </div>absolute<div style="display:inline-block;width:6.55px"> </div>level<div style="display:inline-block;width:5.74px"> </div>of<div style="display:inline-block;width:6.2px"> </div>risk<div style="display:inline-block;width:5.94px"> </div>at<div style="display:inline-block;width:5.99px"> </div>any<div style="display:inline-block;width:6.15px"> </div>given<div style="display:inline-block;width:6.72px"> </div>date<div style="display:inline-block;width:6.2px"> </div>will </div><div id="a144729" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:229.5px;">determine what risk-mitigating actions<div style="display:inline-block;width:5.04px"> </div>may be warranted.</div></div></div><div id="a144729_56_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:335.658px;top:229.5px;"> </div><div id="a144734" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:241.6px;">›</div><div id="a144735" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:241.8px;"> </div><div id="a144736" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:246.5px;">Refer to the “Risk<div style="display:inline-block;width:1.45px"> </div>management and<div style="display:inline-block;width:1.21px"> </div>control” section of<div style="display:inline-block;width:1.69px"> </div>this report for more<div style="display:inline-block;width:1.5px"> </div>information </div><div id="a144747" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:259.7px;"> </div><div id="div_1014_XBRL_TS_02614065787740e581fe684b11868dce" style="position:absolute;left:8.793px;top:279.6px;float:left;"><div id="TextBlockContainer1015" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:219px;height:10px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a144748" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Critical accounting estimates and judgments</div></div></div><div id="div_1016_XBRL_TS_4a49aea05b904e98b354f9bc7c4c032d" style="position:absolute;left:8.793px;top:301.6px;float:left;"><div id="TextBlockContainer1017" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:674px;height:317px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a144750" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:0px;">The calculation of ECL requires management to apply significant judgment and make<div style="display:inline-block;width:4.15px"> </div>estimates and assumptions that can result in significant changes to the </div><div id="a144752" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:13.2px;">timing and amount of ECL recognized.<div style="display:inline-block;width:4.25px"> </div></div><div id="a144755" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:3.679px;top:39.6px;">Determination of a significant<div style="display:inline-block;width:4.24px"> </div>increase in credit risk<div style="display:inline-block;width:3.12px"> </div></div><div id="a144757" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:53.5px;">IFRS 9 does<div style="display:inline-block;width:4.5px"> </div>not include a definition<div style="display:inline-block;width:4.85px"> </div>of what constitutes an<div style="display:inline-block;width:4.39px"> </div>SICR,<div style="display:inline-block;width:3.58px"> </div>with UBS AG’s assessment<div style="display:inline-block;width:4.88px"> </div>considering qualitative and<div style="display:inline-block;width:4.57px"> </div>quantitative criteria.<div style="display:inline-block;width:4.13px"> </div>An IFRS 9 ECL </div><div id="a144775" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:66.7px;">Management Forum has<div style="display:inline-block;width:4.14px"> </div>been established to review and challenge the SICR<div style="display:inline-block;width:4.35px"> </div>results. </div><div id="a144782" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:3.679px;top:93px;">Scenarios, scenario weight<div style="display:inline-block;width:1.54px"> </div>s<div style="display:inline-block;width:2.28px"> </div>and macroeconomic variables<div style="display:inline-block;width:3.48px"> </div></div><div id="a144787" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:106.4px;">ECL reflect<div style="display:inline-block;width:5.59px"> </div>an unbiased<div style="display:inline-block;width:4.93px"> </div>and<div style="display:inline-block;width:4.39px"> </div>probability-weighted<div style="display:inline-block;width:4.21px"> </div>amount,<div style="display:inline-block;width:4.32px"> </div>which UBS<div style="display:inline-block;width:4.93px"> </div>AG determines<div style="display:inline-block;width:5.12px"> </div>by evaluating<div style="display:inline-block;width:5.19px"> </div>a range<div style="display:inline-block;width:5.35px"> </div>of possible<div style="display:inline-block;width:4.86px"> </div>outcomes.<div style="display:inline-block;width:4.24px"> </div>Management<div style="display:inline-block;width:4.64px"> </div>selects </div><div id="a144798" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:120.2px;">forward-looking scenarios that include relevant macroeconomic variables<div style="display:inline-block;width:1.06px"> </div>and management’s assumptions around future<div style="display:inline-block;width:1.28px"> </div>economic conditions. IFRS 9<div style="display:inline-block;width:1.24px"> </div>Scenario </div><div id="a144808" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:133.4px;">Sounding Sessions,<div style="display:inline-block;width:4.11px"> </div>in addition to<div style="display:inline-block;width:4.62px"> </div>the IFRS 9 ECL Management<div style="display:inline-block;width:5.02px"> </div>Forum, are in place<div style="display:inline-block;width:4.82px"> </div>to derive,<div style="display:inline-block;width:3.81px"> </div>review and challenge<div style="display:inline-block;width:4.42px"> </div>the scenario selection<div style="display:inline-block;width:4.1px"> </div>and weights, and </div><div id="a144823" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:146.7px;">to determine whether any<div style="display:inline-block;width:4.15px"> </div>additional post-model adjustments are<div style="display:inline-block;width:4.38px"> </div>required that may significantly affect ECL<div style="display:inline-block;width:1.41px"> </div>.<div style="display:inline-block;width:2.45px"> </div></div><div id="a144830" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:3.679px;top:173px;">ECL measurement period </div><div id="a144832" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:186.9px;">Lifetime ECL are generally determined based upon the contractual maturity of the transaction, which significantly affects ECL.<div style="display:inline-block;width:4.2px"> </div>For credit card limits and Swiss </div><div id="a144837" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:200.1px;">callable master<div style="display:inline-block;width:4.74px"> </div>credit facilities,<div style="display:inline-block;width:4.93px"> </div>judgment is<div style="display:inline-block;width:4.24px"> </div>required,<div style="display:inline-block;width:4.05px"> </div>as UBS<div style="display:inline-block;width:4.4px"> </div>AG must<div style="display:inline-block;width:4.12px"> </div>determine<div style="display:inline-block;width:4.25px"> </div>the period<div style="display:inline-block;width:4.16px"> </div>over<div style="display:inline-block;width:3.61px"> </div>which it<div style="display:inline-block;width:4.17px"> </div>is exposed<div style="display:inline-block;width:4.63px"> </div>to credit<div style="display:inline-block;width:4.6px"> </div>risk. A<div style="display:inline-block;width:4.25px"> </div>seven-year period<div style="display:inline-block;width:4.65px"> </div>is </div><div id="a144849" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:213.4px;">applied for credit card limits,<div style="display:inline-block;width:4.37px"> </div>capped at 12 months for stage 1 positions,<div style="display:inline-block;width:4.33px"> </div>and a 12-month period applied for master credit<div style="display:inline-block;width:4.45px"> </div>facilities.<div style="display:inline-block;width:2.51px"> </div></div><div id="a144856" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:3.679px;top:239.7px;">Modeling and post-model adjustments </div><div id="a144861" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:253.6px;">A number of<div style="display:inline-block;width:4.55px"> </div>complex models have been<div style="display:inline-block;width:4.93px"> </div>developed or modified<div style="display:inline-block;width:4.3px"> </div>to calculate ECL,<div style="display:inline-block;width:4.19px"> </div>with additional post<div style="display:inline-block;width:1.37px"> </div>-model adjustments required<div style="display:inline-block;width:5.13px"> </div>which may significantly </div><div id="a144865" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:266.8px;">affect ECL. The models<div style="display:inline-block;width:4.28px"> </div>are governed by UBS AG’s model<div style="display:inline-block;width:4.57px"> </div>validation controls and approved<div style="display:inline-block;width:4.18px"> </div>by the GMGC. The post-model adjustments<div style="display:inline-block;width:4.51px"> </div>are approved by the </div><div id="a144876" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:280.1px;">ECL Management Forum and endorsed<div style="display:inline-block;width:4.13px"> </div>by the GMGC. </div><div id="a144880" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:306.6px;">A sensitivity analysis covering<div style="display:inline-block;width:4.18px"> </div>key macroeconomic variables, scenario<div style="display:inline-block;width:4.2px"> </div>weights and SICR trigger points on ECL measurement<div style="display:inline-block;width:4.45px"> </div>is provided in Note 19f</div></div></div><div id="a144880_144_3" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;left:636.138px;top:608.1px;">.<div style="display:inline-block;width:2.44px"> </div></div><div id="a144891" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:616.8px;">›</div><div id="a144892" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:617px;"> </div><div id="a144893" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:621.7px;">Refer to Note 19<div style="display:inline-block;width:1.6px"> </div>for more information </div><div id="div_1018_XBRL_TS_7ec6246979d640d89cbe45806fc95c64" style="position:absolute;left:0px;top:647.2px;float:left;"><div id="TextBlockContainer1019" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:60px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a144901" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">h. Restructured and<div style="display:inline-block;width:5.05px"> </div>modified financial assets </div><div id="a144907" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">When payment default is expected,<div style="display:inline-block;width:4.79px"> </div>or where default has already occurred,<div style="display:inline-block;width:5.21px"> </div>UBS AG may grant concessions to borrowers </div><div id="a144915" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.3px;">in financial difficulties<div style="display:inline-block;width:5.33px"> </div>that it would not<div style="display:inline-block;width:5.19px"> </div>consider in the normal<div style="display:inline-block;width:5.4px"> </div>course of its business,<div style="display:inline-block;width:5.83px"> </div>such as preferential<div style="display:inline-block;width:5.3px"> </div>interest rates, </div><div id="a144920" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">extension of maturity,<div style="display:inline-block;width:5.78px"> </div>modifying the schedule of repayments,<div style="display:inline-block;width:5.35px"> </div>debt / equity swap, subordination,<div style="display:inline-block;width:6.13px"> </div>etc.</div></div></div><div id="a144920_100_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:577.948px;top:693.1px;"><div style="display:inline-block;width:3.78px"> </div></div><div id="a144926" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:704.8px;">›</div><div id="a144927" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:705px;"> </div><div id="a144928" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:709.6px;">Refer to the “Risk<div style="display:inline-block;width:1.45px"> </div>management and<div style="display:inline-block;width:1.21px"> </div>control” section of<div style="display:inline-block;width:1.65px"> </div>this report for more<div style="display:inline-block;width:1.54px"> </div>information </div><div id="div_1020_XBRL_TS_7f13634a7f034efc9f2a5d439479c80d" style="position:absolute;left:0px;top:730.5px;float:left;"><div id="TextBlockContainer1021" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:90px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a144937" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Modifications result in an alteration of<div style="display:inline-block;width:2.26px"> </div>future contractual cash flows and can<div style="display:inline-block;width:2.32px"> </div>occur within UBS AG’s normal risk<div style="display:inline-block;width:2.08px"> </div>tolerance </div><div id="a144943" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">or as part of a<div style="display:inline-block;width:5.19px"> </div>credit restructuring where<div style="display:inline-block;width:5.31px"> </div>a counterparty<div style="display:inline-block;width:5.1px"> </div>is in financial difficulties.<div style="display:inline-block;width:5.48px"> </div>The restructuring or<div style="display:inline-block;width:5.21px"> </div>modification of a </div><div id="a144947" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.7px;">financial asset<div style="display:inline-block;width:6.41px"> </div>could<div style="display:inline-block;width:5.5px"> </div>lead<div style="display:inline-block;width:5.39px"> </div>to<div style="display:inline-block;width:5.25px"> </div>a<div style="display:inline-block;width:5.2px"> </div>substantial change<div style="display:inline-block;width:6.85px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the terms<div style="display:inline-block;width:5.89px"> </div>and<div style="display:inline-block;width:5.61px"> </div>conditions,<div style="display:inline-block;width:5.33px"> </div>resulting<div style="display:inline-block;width:5.11px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the<div style="display:inline-block;width:5.25px"> </div>original<div style="display:inline-block;width:5.34px"> </div>financial asset </div><div id="a144950" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.9px;">being<div style="display:inline-block;width:8.54px"> </div>derecognized<div style="display:inline-block;width:8.15px"> </div>and<div style="display:inline-block;width:8.44px"> </div>a<div style="display:inline-block;width:7.57px"> </div>new<div style="display:inline-block;width:8.35px"> </div>financial<div style="display:inline-block;width:7.78px"> </div>asset<div style="display:inline-block;width:7.98px"> </div>being<div style="display:inline-block;width:8.54px"> </div>recognized.<div style="display:inline-block;width:8.06px"> </div>Where<div style="display:inline-block;width:8.13px"> </div>the<div style="display:inline-block;width:7.62px"> </div>modification<div style="display:inline-block;width:8.35px"> </div>does<div style="display:inline-block;width:8.49px"> </div>not<div style="display:inline-block;width:7.82px"> </div>result<div style="display:inline-block;width:8.12px"> </div>in<div style="display:inline-block;width:7.66px"> </div>a </div><div id="a144951" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61px;">derecognition, any difference between the modified contractual<div style="display:inline-block;width:1.91px"> </div>cash flows discounted at the original EIR and<div style="display:inline-block;width:2.02px"> </div>the existing </div><div id="a144953" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;">gross carrying amount of the given financial<div style="display:inline-block;width:5.29px"> </div>asset is recognized in the income statement<div style="display:inline-block;width:5.83px"> </div>as a modification gain or loss.</div></div></div><div id="a144953_120_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:679.268px;top:807.1px;"><div style="display:inline-block;width:3.72px"> </div></div><div id="div_1022_XBRL_TS_992b082e185b4de28935687466ac3b98" style="position:absolute;left:0px;top:829.8px;float:left;"><div id="TextBlockContainer1023" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:75px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a144955" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">i. Offsetting </div><div id="a144958" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">UBS AG presents financial assets and liabilities on its balance sheet net if (i) it<div style="display:inline-block;width:2.2px"> </div>has a legally enforceable right to set off the </div><div id="a144977" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.7px;">recognized<div style="display:inline-block;width:6.53px"> </div>amounts<div style="display:inline-block;width:6.5px"> </div>and<div style="display:inline-block;width:6.55px"> </div>(ii) it<div style="display:inline-block;width:6.12px"> </div>intends<div style="display:inline-block;width:6.55px"> </div>either<div style="display:inline-block;width:6.41px"> </div>to<div style="display:inline-block;width:6.2px"> </div>settle<div style="display:inline-block;width:5.79px"> </div>on<div style="display:inline-block;width:6.55px"> </div>a<div style="display:inline-block;width:6.15px"> </div>net<div style="display:inline-block;width:6.2px"> </div>basis<div style="display:inline-block;width:6.34px"> </div>or<div style="display:inline-block;width:6.2px"> </div>to<div style="display:inline-block;width:6.2px"> </div>realize<div style="display:inline-block;width:7.24px"> </div>the<div style="display:inline-block;width:6.2px"> </div>asset<div style="display:inline-block;width:6.09px"> </div>and<div style="display:inline-block;width:6.55px"> </div>settle<div style="display:inline-block;width:6.26px"> </div>the<div style="display:inline-block;width:6.2px"> </div>liability </div><div id="a144981" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">simultaneously.<div style="display:inline-block;width:8.5px"> </div>Netted<div style="display:inline-block;width:7.62px"> </div>positions<div style="display:inline-block;width:7.64px"> </div>include,<div style="display:inline-block;width:7.87px"> </div>for<div style="display:inline-block;width:6.99px"> </div>example,<div style="display:inline-block;width:7.89px"> </div>certain<div style="display:inline-block;width:7.38px"> </div>derivatives<div style="display:inline-block;width:7.84px"> </div>and<div style="display:inline-block;width:7.5px"> </div>repurchase<div style="display:inline-block;width:8.19px"> </div>and<div style="display:inline-block;width:7.5px"> </div>reverse<div style="display:inline-block;width:7.82px"> </div>repurchase </div><div id="a144983" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61px;">transactions with various counterparties,<div style="display:inline-block;width:5.06px"> </div>exchanges and<div style="display:inline-block;width:5.02px"> </div>clearing houses.</div></div></div></div><div id="TextBlockContainer1032" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:946px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1026_XBRL_TS_8307e85b3423476487be9e337f7c5c7a" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1027" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:106px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a145022" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">In<div style="display:inline-block;width:6.25px"> </div>assessing<div style="display:inline-block;width:6.64px"> </div>whether<div style="display:inline-block;width:6.35px"> </div>UBS<div style="display:inline-block;width:6.13px"> </div>AG<div style="display:inline-block;width:6.23px"> </div>intends<div style="display:inline-block;width:6.07px"> </div>to<div style="display:inline-block;width:6.2px"> </div>either<div style="display:inline-block;width:5.94px"> </div>settle<div style="display:inline-block;width:5.79px"> </div>on<div style="display:inline-block;width:6.55px"> </div>a<div style="display:inline-block;width:6.15px"> </div>net<div style="display:inline-block;width:6.2px"> </div>basis,<div style="display:inline-block;width:6.09px"> </div>or<div style="display:inline-block;width:6.2px"> </div>to<div style="display:inline-block;width:6.2px"> </div>realize<div style="display:inline-block;width:5.82px"> </div>the<div style="display:inline-block;width:6.2px"> </div>asset<div style="display:inline-block;width:6.09px"> </div>and<div style="display:inline-block;width:6.55px"> </div>settle<div style="display:inline-block;width:5.79px"> </div>the<div style="display:inline-block;width:6.2px"> </div>liability </div><div id="a145028" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">simultaneously, emphasis<div style="display:inline-block;width:5.54px"> </div>is placed on<div style="display:inline-block;width:5.38px"> </div>the effectiveness of<div style="display:inline-block;width:5.08px"> </div>operational settlement mechanics<div style="display:inline-block;width:5.82px"> </div>in eliminating substantially </div><div id="a145032" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">all credit and liquidity exposure between<div style="display:inline-block;width:5.06px"> </div>the counterparties. This condition precludes offsetting<div style="display:inline-block;width:5.28px"> </div>on the balance sheet for </div><div id="a145034" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.4px;">substantial amounts of UBS<div style="display:inline-block;width:5.13px"> </div>AG’s financial assets and liabilities,<div style="display:inline-block;width:5.09px"> </div>even though<div style="display:inline-block;width:5.22px"> </div>they may be subject to enforceable netting </div><div id="a145038" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">arrangements. Repurchase<div style="display:inline-block;width:5.79px"> </div>arrangements and<div style="display:inline-block;width:5.28px"> </div>securities financing transactions<div style="display:inline-block;width:5.4px"> </div>are presented<div style="display:inline-block;width:5.03px"> </div>net only to<div style="display:inline-block;width:5.19px"> </div>the extent that </div><div id="a145046" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;">the settlement<div style="display:inline-block;width:6.31px"> </div>mechanism eliminates,<div style="display:inline-block;width:6.3px"> </div>or results<div style="display:inline-block;width:5.96px"> </div>in insignificant,<div style="display:inline-block;width:6.86px"> </div>credit and<div style="display:inline-block;width:6.01px"> </div>liquidity<div style="display:inline-block;width:5.04px"> </div>risk, and<div style="display:inline-block;width:6.08px"> </div>processes<div style="display:inline-block;width:5.16px"> </div>the receivables </div><div id="a145047" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:92.3px;">and payables in a single<div style="display:inline-block;width:5.09px"> </div>settlement process or cycle.</div></div></div><div id="a145047_53_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:299.712px;top:92.3px;"> </div><div id="a145049" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:104px;">›</div><div id="a145050" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:104.2px;"> </div><div id="a145051" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:108.8px;">Refer to Note 21</div><div id="a145054" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#006600;left:114.205px;top:108.8px;"> </div><div id="a145055" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:117.045px;top:108.8px;">for more information<div style="display:inline-block;width:1.18px"> </div></div><div id="div_1028_XBRL_TS_666e701206fa4a5ab6e024e75eab0d0f" style="position:absolute;left:0px;top:129.6px;float:left;"><div id="TextBlockContainer1029" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:656px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a145059" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">j. Hedge accounting </div><div id="a145062" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">UBS AG applies hedge accounting<div style="display:inline-block;width:5.36px"> </div>requirements of IFRS 9 where<div style="display:inline-block;width:5.32px"> </div>the criteria for documentation and<div style="display:inline-block;width:5.07px"> </div>hedge effectiveness </div><div id="a145067" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.7px;">are met.<div style="display:inline-block;width:5.66px"> </div>If a<div style="display:inline-block;width:5.52px"> </div>hedge<div style="display:inline-block;width:5.34px"> </div>relationship<div style="display:inline-block;width:5.21px"> </div>no longer<div style="display:inline-block;width:6.06px"> </div>meets the<div style="display:inline-block;width:5.57px"> </div>criteria for<div style="display:inline-block;width:5.28px"> </div>hedge<div style="display:inline-block;width:5.34px"> </div>accounting, hedge<div style="display:inline-block;width:6.37px"> </div>accounting<div style="display:inline-block;width:5.43px"> </div>is discontinued. </div><div id="a145069" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">Voluntary discontinuation<div style="display:inline-block;width:5.24px"> </div>of hedge accounting<div style="display:inline-block;width:5.1px"> </div>is not permitted under IFRS 9. </div><div id="a145077" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:68.3px;">Fair value hedges of interest rate risk<div style="display:inline-block;width:5.14px"> </div>related to debt instruments and<div style="display:inline-block;width:5.15px"> </div>loan assets </div><div id="a145079" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:83.7px;">The<div style="display:inline-block;width:5.4px"> </div>fair value<div style="display:inline-block;width:6.21px"> </div>change<div style="display:inline-block;width:5.61px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>hedged<div style="display:inline-block;width:6.01px"> </div>item attributable<div style="display:inline-block;width:6.57px"> </div>to<div style="display:inline-block;width:5.25px"> </div>a<div style="display:inline-block;width:5.2px"> </div>hedged<div style="display:inline-block;width:6.01px"> </div>risk is<div style="display:inline-block;width:6.46px"> </div>reflected<div style="display:inline-block;width:5.61px"> </div>as<div style="display:inline-block;width:5.25px"> </div>an<div style="display:inline-block;width:5.4px"> </div>adjustment<div style="display:inline-block;width:5.29px"> </div>to<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>carrying </div><div id="a145081" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.3px;">amount<div style="display:inline-block;width:5.5px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>hedged<div style="display:inline-block;width:5.54px"> </div>item and<div style="display:inline-block;width:6.72px"> </div>recognized<div style="display:inline-block;width:5.59px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the<div style="display:inline-block;width:5.25px"> </div>income<div style="display:inline-block;width:5.15px"> </div>statement<div style="display:inline-block;width:5.31px"> </div>along<div style="display:inline-block;width:5.7px"> </div>with<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>change<div style="display:inline-block;width:5.61px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the<div style="display:inline-block;width:5.25px"> </div>fair value<div style="display:inline-block;width:6.21px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the </div><div id="a145082" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:114.5px;">hedging instrument. </div><div id="a145084" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:137.4px;">Fair value hedges of FX risk related to<div style="display:inline-block;width:5.07px"> </div>debt instruments </div><div id="a145089" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:152.8px;">The fair value change of the<div style="display:inline-block;width:5.06px"> </div>hedged item attributable to the<div style="display:inline-block;width:5.09px"> </div>hedged risk is reflected<div style="display:inline-block;width:5.29px"> </div>in the measurement of the hedged </div><div id="a145097" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:167.9px;">item and<div style="display:inline-block;width:5.77px"> </div>recognized<div style="display:inline-block;width:5.12px"> </div>in the<div style="display:inline-block;width:5.93px"> </div>income statement<div style="display:inline-block;width:5.84px"> </div>along<div style="display:inline-block;width:5.23px"> </div>with the<div style="display:inline-block;width:5.88px"> </div>change<div style="display:inline-block;width:5.13px"> </div>in the<div style="display:inline-block;width:5.45px"> </div>fair value<div style="display:inline-block;width:5.74px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>hedging instrument.<div style="display:inline-block;width:5.78px"> </div>The </div><div id="a145098" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183.1px;">foreign currency basis spread of cross-currency swaps designated as hedging derivatives is excluded from<div style="display:inline-block;width:2.28px"> </div>the designation </div><div id="a145104" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:198.7px;">and<div style="display:inline-block;width:5.61px"> </div>accounted<div style="display:inline-block;width:5.45px"> </div>for<div style="display:inline-block;width:5.1px"> </div>as a<div style="display:inline-block;width:6.3px"> </div>cost of<div style="display:inline-block;width:6.2px"> </div>hedging<div style="display:inline-block;width:5.16px"> </div>with<div style="display:inline-block;width:5.25px"> </div>amounts<div style="display:inline-block;width:5.08px"> </div>deferred<div style="display:inline-block;width:5.39px"> </div>in </div><div id="a145105" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:395.312px;top:198.4px;">Other comprehensive<div style="display:inline-block;width:6.56px"> </div>income</div><div id="a145106" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:563.752px;top:198.7px;"><div style="display:inline-block;width:5.2px"> </div>within </div><div id="a145108" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:609.658px;top:198.4px;">Equity</div><div id="a145109" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:644.178px;top:198.7px;">.<div style="display:inline-block;width:5.31px"> </div>These </div><div id="a145110" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:213.9px;">amounts are released to the<div style="display:inline-block;width:5.03px"> </div>income statement over the term<div style="display:inline-block;width:5.11px"> </div>of the hedged item. </div><div id="a145115" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:236.8px;">Discontinuation of fair value hedges </div><div id="a145117" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:252.1px;">Discontinuations for reasons other<div style="display:inline-block;width:2.01px"> </div>than derecognition of the<div style="display:inline-block;width:1.87px"> </div>hedged item result in<div style="display:inline-block;width:1.83px"> </div>an adjustment to the<div style="display:inline-block;width:1.65px"> </div>carrying amount, </div><div id="a145119" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:267.3px;">which<div style="display:inline-block;width:5.88px"> </div>is<div style="display:inline-block;width:5.62px"> </div>amortized<div style="display:inline-block;width:5.31px"> </div>to<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>income<div style="display:inline-block;width:5.62px"> </div>statement<div style="display:inline-block;width:5.31px"> </div>over<div style="display:inline-block;width:5.52px"> </div>the<div style="display:inline-block;width:5.72px"> </div>remaining<div style="display:inline-block;width:6.48px"> </div>life<div style="display:inline-block;width:5.31px"> </div>of<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>hedged<div style="display:inline-block;width:5.54px"> </div>item<div style="display:inline-block;width:5.26px"> </div>using<div style="display:inline-block;width:6.23px"> </div>the<div style="display:inline-block;width:5.25px"> </div>effective<div style="display:inline-block;width:5.42px"> </div>interest </div><div id="a145120" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:282.9px;">method. If the hedged item is derecognized,<div style="display:inline-block;width:5.26px"> </div>the unamortized fair value adjustment or deferred<div style="display:inline-block;width:5.25px"> </div>cost of hedging amount </div><div id="a145122" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:298.1px;">is recognized immediately in the income<div style="display:inline-block;width:5.37px"> </div>statement as part of any derecognition<div style="display:inline-block;width:5.62px"> </div>gain or loss. </div><div id="a145124" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:320.5px;">Cash flow hedges of<div style="display:inline-block;width:5.05px"> </div>forecast transactions </div><div id="a145126" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:335.9px;">Fair value gains or losses associated<div style="display:inline-block;width:2.16px"> </div>with the effective portion of derivatives designated as cash flow<div style="display:inline-block;width:2.26px"> </div>hedges for cash flow </div><div id="a145128" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:351.5px;">repricing<div style="display:inline-block;width:5.8px"> </div>risk are<div style="display:inline-block;width:6.6px"> </div>recognized<div style="display:inline-block;width:5.59px"> </div>initially in </div><div id="a145129" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:232.978px;top:351.2px;">Other comprehensive<div style="display:inline-block;width:7.03px"> </div>income </div><div id="a145130" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:407.125px;top:351.5px;">within </div><div id="a145131" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:447.832px;top:351.2px;">Equity</div><div id="a145132" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:482.352px;top:351.5px;"><div style="display:inline-block;width:5.2px"> </div>and<div style="display:inline-block;width:5.61px"> </div>reclassified to </div><div id="a145134" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:597.325px;top:351.2px;">Interest income </div><div id="a145135" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:366.4px;">from financial<div style="display:inline-block;width:5.26px"> </div>instruments measured<div style="display:inline-block;width:5.91px"> </div>at amortized<div style="display:inline-block;width:5.86px"> </div>cost and<div style="display:inline-block;width:5.13px"> </div>fair value<div style="display:inline-block;width:5.26px"> </div>through other<div style="display:inline-block;width:6.11px"> </div>comprehensive income</div><div id="a145138" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:622.898px;top:366.7px;"><div style="display:inline-block;width:4.25px"> </div>or </div><div id="a145140" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:643.232px;top:366.4px;">Interest </div><div id="a145141" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:382px;">expense<div style="display:inline-block;width:5.45px"> </div>from financial<div style="display:inline-block;width:6.68px"> </div>instruments<div style="display:inline-block;width:5.66px"> </div>measured<div style="display:inline-block;width:5.35px"> </div>at<div style="display:inline-block;width:5.05px"> </div>amortized<div style="display:inline-block;width:5.79px"> </div>cost</div><div id="a145142" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:374.472px;top:382.3px;"><div style="display:inline-block;width:5.2px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the<div style="display:inline-block;width:5.25px"> </div>periods<div style="display:inline-block;width:5.6px"> </div>when<div style="display:inline-block;width:5.71px"> </div>the<div style="display:inline-block;width:5.25px"> </div>hedged<div style="display:inline-block;width:5.54px"> </div>forecast<div style="display:inline-block;width:5.03px"> </div>cash<div style="display:inline-block;width:5.25px"> </div>flows </div><div id="a145144" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:397.4px;">affect profit<div style="display:inline-block;width:5.44px"> </div>or loss,<div style="display:inline-block;width:5.18px"> </div>including<div style="display:inline-block;width:5.23px"> </div>discontinued<div style="display:inline-block;width:5.11px"> </div>hedges for which<div style="display:inline-block;width:5.73px"> </div>forecast<div style="display:inline-block;width:5.06px"> </div>cash flows are<div style="display:inline-block;width:6.12px"> </div>expected to<div style="display:inline-block;width:5.2px"> </div>occur.<div style="display:inline-block;width:5.42px"> </div>If the<div style="display:inline-block;width:5.57px"> </div>forecast </div><div id="a145149" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:412.5px;">transactions<div style="display:inline-block;width:5.61px"> </div>are<div style="display:inline-block;width:5.29px"> </div>no<div style="display:inline-block;width:5.61px"> </div>longer<div style="display:inline-block;width:5.08px"> </div>expected<div style="display:inline-block;width:5.05px"> </div>to<div style="display:inline-block;width:5.25px"> </div>occur,<div style="display:inline-block;width:6.37px"> </div>the<div style="display:inline-block;width:5.25px"> </div>deferred<div style="display:inline-block;width:5.39px"> </div>gains<div style="display:inline-block;width:5.55px"> </div>or<div style="display:inline-block;width:5.02px"> </div>losses<div style="display:inline-block;width:5.45px"> </div>are<div style="display:inline-block;width:5.29px"> </div>immediately reclassified<div style="display:inline-block;width:6.68px"> </div>to<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>income </div><div id="a145153" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:428.1px;">statement. </div><div id="a145156" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:450.6px;">Hedges of net investments in foreign<div style="display:inline-block;width:5.14px"> </div>operations </div><div id="a145161" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:466px;">Gains or losses<div style="display:inline-block;width:5.75px"> </div>on the<div style="display:inline-block;width:5.38px"> </div>hedging<div style="display:inline-block;width:5.16px"> </div>instrument relating<div style="display:inline-block;width:5.37px"> </div>to the effective<div style="display:inline-block;width:6.2px"> </div>portion of<div style="display:inline-block;width:5.28px"> </div>a hedge<div style="display:inline-block;width:5.44px"> </div>are recognized<div style="display:inline-block;width:5.78px"> </div>directly in </div><div id="a145164" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:652.698px;top:465.7px;">Other </div><div id="a145165" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:481.3px;">comprehensive income</div><div id="a145166" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:135.045px;top:481.6px;"><div style="display:inline-block;width:4.27px"> </div>within </div><div id="a145168" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:179.032px;top:481.3px;">Equity, </div><div id="a145169" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:221.618px;top:481.6px;">while any gains<div style="display:inline-block;width:5.42px"> </div>or losses<div style="display:inline-block;width:5.13px"> </div>relating to the<div style="display:inline-block;width:5.16px"> </div>ineffective and<div style="display:inline-block;width:5.08px"> </div>/ or undesignated<div style="display:inline-block;width:5.15px"> </div>portion </div><div id="a145172" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:496.7px;">(for example,<div style="display:inline-block;width:2.32px"> </div>the interest element<div style="display:inline-block;width:2.34px"> </div>of a forward contract)<div style="display:inline-block;width:2.31px"> </div>are recognized in the income<div style="display:inline-block;width:1.93px"> </div>statement. Upon disposal or<div style="display:inline-block;width:1.83px"> </div>partial </div><div id="a145174" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:511.9px;">disposal of<div style="display:inline-block;width:5.38px"> </div>the foreign operation,<div style="display:inline-block;width:5.92px"> </div>the cumulative value of<div style="display:inline-block;width:5.47px"> </div>any such<div style="display:inline-block;width:5.08px"> </div>gains or losses<div style="display:inline-block;width:5.11px"> </div>recognized in </div><div id="a145175" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:559.498px;top:511.6px;">Equity</div><div id="a145176" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:594.018px;top:511.9px;"><div style="display:inline-block;width:4.25px"> </div>associated with </div><div id="a145178" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:527.5px;">the entity</div><div id="a145179" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:58.376px;top:527.3px;"> </div><div id="a145180" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:62.158px;top:527.5px;">is reclassified to </div><div id="a145181" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:155.378px;top:527.3px;">Other income</div><div id="a145182" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:232.978px;top:527.5px;">. </div><div id="a145184" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:550px;">Interest Rate Benchmark Reform<div style="display:inline-block;width:4.94px"> </div></div><div id="a145190" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:565.3px;">UBS<div style="display:inline-block;width:6.06px"> </div>AG<div style="display:inline-block;width:5.72px"> </div>continues<div style="display:inline-block;width:6.11px"> </div>hedge<div style="display:inline-block;width:6.28px"> </div>accounting<div style="display:inline-block;width:6.02px"> </div>during<div style="display:inline-block;width:6.23px"> </div>the<div style="display:inline-block;width:5.72px"> </div>period<div style="display:inline-block;width:6.02px"> </div>of<div style="display:inline-block;width:5.72px"> </div>uncertainty<div style="display:inline-block;width:6.26px"> </div>before<div style="display:inline-block;width:6.49px"> </div>existing<div style="display:inline-block;width:6.04px"> </div>interest<div style="display:inline-block;width:6.07px"> </div>rate<div style="display:inline-block;width:5.84px"> </div>benchmarks<div style="display:inline-block;width:6.29px"> </div>are </div><div id="a145198" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:580.9px;">replaced with<div style="display:inline-block;width:5.07px"> </div>alternative risk-<div style="display:inline-block;width:1.41px"> </div>free interest<div style="display:inline-block;width:5.64px"> </div>rates. During<div style="display:inline-block;width:5.66px"> </div>this period,<div style="display:inline-block;width:5.28px"> </div>UBS AG<div style="display:inline-block;width:5.4px"> </div>assumes<div style="display:inline-block;width:4.48px"> </div>that the current<div style="display:inline-block;width:5.81px"> </div>benchmark rates </div><div id="a145209" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:596.1px;">will continue<div style="display:inline-block;width:6.87px"> </div>to<div style="display:inline-block;width:5.31px"> </div>exist, such<div style="display:inline-block;width:6.67px"> </div>that forecast<div style="display:inline-block;width:5.98px"> </div>transactions<div style="display:inline-block;width:5.61px"> </div>are<div style="display:inline-block;width:5.29px"> </div>considered<div style="display:inline-block;width:5.84px"> </div>highly probable<div style="display:inline-block;width:6.77px"> </div>and<div style="display:inline-block;width:5.13px"> </div>hedge<div style="display:inline-block;width:5.34px"> </div>relationships<div style="display:inline-block;width:5.73px"> </div>remain, </div><div id="a145212" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:611.7px;">with little or no consequential<div style="display:inline-block;width:2.25px"> </div>impact on the financial<div style="display:inline-block;width:1.98px"> </div>statements. Upon replacement of existing interest rate benchmarks </div><div id="a145219" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:626.9px;">by alternative risk-free<div style="display:inline-block;width:5.55px"> </div>interest rates,<div style="display:inline-block;width:5.08px"> </div>UBS AG<div style="display:inline-block;width:5.34px"> </div>applies the requirements<div style="display:inline-block;width:5.68px"> </div>of </div><div id="a145231" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:427.458px;top:626.6px;">Amendments to IFRS 9<div style="display:inline-block;width:1.38px"> </div>,<div style="display:inline-block;width:3.89px"> </div>IAS 39, IFRS 7, IFRS 4 </div><div id="a145244" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:641.7px;">and IFRS 16 (Interest Rate Benchmark<div style="display:inline-block;width:5.04px"> </div>Reform – Phase 2), </div><div id="a145254" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:331.872px;top:642px;">where applicable</div><div id="a145257" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:427.938px;top:641.7px;">.</div></div></div><div id="a145258" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:432.192px;top:771.6px;"> </div><div id="a145259" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:783.8px;">›</div><div id="a145260" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:784px;"> </div><div id="a145261" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:788.7px;">Refer to Note 25<div style="display:inline-block;width:1.6px"> </div>for more information </div><div id="div_1030_XBRL_TS_ea47db25039741ad9da96a46105532df" style="position:absolute;left:0px;top:816.7px;float:left;"><div id="TextBlockContainer1031" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:129px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a145269" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">3)<div style="display:inline-block;width:3.83px"> </div>Fee and commission income and<div style="display:inline-block;width:5.02px"> </div>expenses </div><div id="a145276" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23px;">UBS AG earns fee income from the diverse range of<div style="display:inline-block;width:5.09px"> </div>services it provides to its clients. Fee income can be divided into two </div><div id="a145278" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.6px;">broad<div style="display:inline-block;width:5.89px"> </div>categories:<div style="display:inline-block;width:5.18px"> </div>fees<div style="display:inline-block;width:5.1px"> </div>earned<div style="display:inline-block;width:5.21px"> </div>from<div style="display:inline-block;width:5.18px"> </div>services<div style="display:inline-block;width:5.11px"> </div>that<div style="display:inline-block;width:5.1px"> </div>are<div style="display:inline-block;width:5.76px"> </div>provided<div style="display:inline-block;width:5.79px"> </div>over<div style="display:inline-block;width:5.05px"> </div>a<div style="display:inline-block;width:5.2px"> </div>certain<div style="display:inline-block;width:5.26px"> </div>period<div style="display:inline-block;width:5.55px"> </div>of<div style="display:inline-block;width:5.25px"> </div>time, such<div style="display:inline-block;width:6.67px"> </div>as<div style="display:inline-block;width:5.25px"> </div>management<div style="display:inline-block;width:5.35px"> </div>of </div><div id="a145280" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">clients’<div style="display:inline-block;width:6.41px"> </div>assets,<div style="display:inline-block;width:6.72px"> </div>custody<div style="display:inline-block;width:6.72px"> </div>services<div style="display:inline-block;width:6.53px"> </div>and<div style="display:inline-block;width:7.03px"> </div>certain<div style="display:inline-block;width:6.21px"> </div>advisory<div style="display:inline-block;width:6.41px"> </div>services;<div style="display:inline-block;width:6.63px"> </div>and<div style="display:inline-block;width:7.03px"> </div>fees<div style="display:inline-block;width:6.52px"> </div>earned<div style="display:inline-block;width:6.63px"> </div>from<div style="display:inline-block;width:6.6px"> </div>point-in-time<div style="display:inline-block;width:6.7px"> </div>services,<div style="display:inline-block;width:7.11px"> </div>such<div style="display:inline-block;width:6.87px"> </div>as </div><div id="a145285" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:68.9px;">underwriting<div style="display:inline-block;width:6.12px"> </div>fees,<div style="display:inline-block;width:5.67px"> </div>deal-contingent<div style="display:inline-block;width:6.11px"> </div>merger<div style="display:inline-block;width:5.89px"> </div>and<div style="display:inline-block;width:6.08px"> </div>acquisitions<div style="display:inline-block;width:5.91px"> </div>fees,<div style="display:inline-block;width:5.67px"> </div>and<div style="display:inline-block;width:6.08px"> </div>brokerage<div style="display:inline-block;width:6.21px"> </div>fees<div style="display:inline-block;width:5.1px"> </div>(e.g.,<div style="display:inline-block;width:6.29px"> </div>securities<div style="display:inline-block;width:5.26px"> </div>and<div style="display:inline-block;width:6.08px"> </div>derivatives </div><div id="a145289" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:84.5px;">execution and<div style="display:inline-block;width:5.66px"> </div>clearing). UBS<div style="display:inline-block;width:5.81px"> </div>AG recognizes<div style="display:inline-block;width:5.62px"> </div>fees earned<div style="display:inline-block;width:5.21px"> </div>from PIT<div style="display:inline-block;width:5.18px"> </div>services<div style="display:inline-block;width:5.11px"> </div>when it<div style="display:inline-block;width:5.08px"> </div>has fully<div style="display:inline-block;width:5.67px"> </div>provided the<div style="display:inline-block;width:5.47px"> </div>service<div style="display:inline-block;width:5.06px"> </div>to the </div><div id="a145294" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.7px;">client.<div style="display:inline-block;width:3.56px"> </div>Where the contract requires services to be provided over time, income is recognized on a systematic basis over the </div><div id="a145297" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:115.3px;">life of the agreement.</div></div></div></div><div id="TextBlockContainer1038" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:891px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1034_XBRL_TS_742963810cda49d8b2e2e8bb89b41004" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1035" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:373px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a145336" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Consideration<div style="display:inline-block;width:5.9px"> </div>received is<div style="display:inline-block;width:6.45px"> </div>allocated<div style="display:inline-block;width:5.04px"> </div>to<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>separately identifiable<div style="display:inline-block;width:6.72px"> </div>performance<div style="display:inline-block;width:5.47px"> </div>obligations<div style="display:inline-block;width:5.8px"> </div>in<div style="display:inline-block;width:5.3px"> </div>a<div style="display:inline-block;width:5.2px"> </div>contract. Owing<div style="display:inline-block;width:6.67px"> </div>to<div style="display:inline-block;width:5.25px"> </div>the </div><div id="a145337" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">nature<div style="display:inline-block;width:6.96px"> </div>of<div style="display:inline-block;width:6.67px"> </div>UBS<div style="display:inline-block;width:6.98px"> </div>AG’s<div style="display:inline-block;width:6.92px"> </div>business,<div style="display:inline-block;width:7.37px"> </div>contracts<div style="display:inline-block;width:6.21px"> </div>that<div style="display:inline-block;width:6.52px"> </div>include<div style="display:inline-block;width:7.29px"> </div>multiple<div style="display:inline-block;width:6.41px"> </div>performance<div style="display:inline-block;width:7.36px"> </div>obligations<div style="display:inline-block;width:7.69px"> </div>are<div style="display:inline-block;width:6.71px"> </div>typically<div style="display:inline-block;width:6.7px"> </div>those<div style="display:inline-block;width:6.92px"> </div>that<div style="display:inline-block;width:6.52px"> </div>are </div><div id="a145340" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">considered to<div style="display:inline-block;width:5.05px"> </div>include a series<div style="display:inline-block;width:5.07px"> </div>of similar performance<div style="display:inline-block;width:5.15px"> </div>obligations fulfilled<div style="display:inline-block;width:5.11px"> </div>over time with<div style="display:inline-block;width:5.37px"> </div>the same pattern<div style="display:inline-block;width:5.53px"> </div>of transfer to </div><div id="a145343" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.4px;">the client, e.g.,<div style="display:inline-block;width:5.72px"> </div>management of<div style="display:inline-block;width:5.03px"> </div>client assets and<div style="display:inline-block;width:5.45px"> </div>custodial services. As a<div style="display:inline-block;width:5.35px"> </div>consequence, UBS AG<div style="display:inline-block;width:5.63px"> </div>is not required<div style="display:inline-block;width:5.33px"> </div>to apply </div><div id="a145344" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">significant judgment in allocating the<div style="display:inline-block;width:5.12px"> </div>consideration received across the various<div style="display:inline-block;width:5.49px"> </div>performance obligations. </div><div id="a145347" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:84.2px;">PIT services<div style="display:inline-block;width:5.11px"> </div>are generally<div style="display:inline-block;width:5.23px"> </div>for a<div style="display:inline-block;width:5.2px"> </div>fixed price<div style="display:inline-block;width:5.26px"> </div>or dependent<div style="display:inline-block;width:5.74px"> </div>on deal<div style="display:inline-block;width:5.34px"> </div>size, e.g.,<div style="display:inline-block;width:5.2px"> </div>a fixed number<div style="display:inline-block;width:5.93px"> </div>of basis<div style="display:inline-block;width:5.08px"> </div>points of<div style="display:inline-block;width:5.28px"> </div>trade size, </div><div id="a145351" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.3px;">where the amount of revenue is known when the performance obligation is met. Fixed<div style="display:inline-block;width:1.34px"> </div>-over-time fees are recognized on </div><div id="a145357" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:115px;">a straight-line<div style="display:inline-block;width:2.23px"> </div>basis over the<div style="display:inline-block;width:1.72px"> </div>performance period. Custodial and asset<div style="display:inline-block;width:1.46px"> </div>management fees can<div style="display:inline-block;width:1.67px"> </div>be variable<div style="display:inline-block;width:2.31px"> </div>through reference </div><div id="a145360" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:130.1px;">to<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:6.2px"> </div>size<div style="display:inline-block;width:5.89px"> </div>of<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:6.2px"> </div>customer<div style="display:inline-block;width:5.94px"> </div>portfolio.<div style="display:inline-block;width:6.39px"> </div>However,<div style="display:inline-block;width:6.63px"> </div>they<div style="display:inline-block;width:5.99px"> </div>are<div style="display:inline-block;width:6.23px"> </div>generally<div style="display:inline-block;width:5.99px"> </div>billed<div style="display:inline-block;width:6.24px"> </div>on<div style="display:inline-block;width:6.55px"> </div>a<div style="display:inline-block;width:6.15px"> </div>monthly<div style="display:inline-block;width:6.43px"> </div>or<div style="display:inline-block;width:6.2px"> </div>quarterly<div style="display:inline-block;width:5.79px"> </div>basis<div style="display:inline-block;width:6.34px"> </div>once<div style="display:inline-block;width:6.35px"> </div>the </div><div id="a145362" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:145.7px;">customer’s<div style="display:inline-block;width:7.04px"> </div>portfolio<div style="display:inline-block;width:7.71px"> </div>size<div style="display:inline-block;width:6.84px"> </div>is<div style="display:inline-block;width:7.04px"> </div>known<div style="display:inline-block;width:7.8px"> </div>or<div style="display:inline-block;width:7.14px"> </div>known<div style="display:inline-block;width:7.33px"> </div>with<div style="display:inline-block;width:7.14px"> </div>near<div style="display:inline-block;width:7.14px"> </div>certainty<div style="display:inline-block;width:6.8px"> </div>and<div style="display:inline-block;width:7.5px"> </div>therefore<div style="display:inline-block;width:7.36px"> </div>also<div style="display:inline-block;width:7.24px"> </div>recognized<div style="display:inline-block;width:7.48px"> </div>ratably<div style="display:inline-block;width:6.68px"> </div>over<div style="display:inline-block;width:7.41px"> </div>the </div><div id="a145363" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:160.9px;">performance<div style="display:inline-block;width:5.47px"> </div>period.<div style="display:inline-block;width:5.66px"> </div>UBS<div style="display:inline-block;width:5.65px"> </div>AG<div style="display:inline-block;width:5.26px"> </div>does<div style="display:inline-block;width:5.66px"> </div>not<div style="display:inline-block;width:5.45px"> </div>recognize<div style="display:inline-block;width:5.39px"> </div>performance<div style="display:inline-block;width:5.94px"> </div>fees<div style="display:inline-block;width:5.1px"> </div>related<div style="display:inline-block;width:5.71px"> </div>to<div style="display:inline-block;width:5.72px"> </div>management<div style="display:inline-block;width:5.82px"> </div>of<div style="display:inline-block;width:5.25px"> </div>clients’<div style="display:inline-block;width:5.47px"> </div>assets<div style="display:inline-block;width:5.2px"> </div>or<div style="display:inline-block;width:5.72px"> </div>fees </div><div id="a145369" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:176px;">related to contingencies beyond<div style="display:inline-block;width:5.08px"> </div>UBS AG’s control until such uncertainties are<div style="display:inline-block;width:5.05px"> </div>resolved.<div style="display:inline-block;width:4.75px"> </div></div><div id="a145374" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:199.2px;">UBS AG’s fees are generally earned from short-term contracts. As a result, UBS AG’s contracts<div style="display:inline-block;width:2.23px"> </div>do not include a financing </div><div id="a145377" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:214.3px;">component<div style="display:inline-block;width:5.23px"> </div>or result<div style="display:inline-block;width:5.91px"> </div>in the<div style="display:inline-block;width:5.45px"> </div>recognition of<div style="display:inline-block;width:5.89px"> </div>significant receivables<div style="display:inline-block;width:5.97px"> </div>or prepayment<div style="display:inline-block;width:6.01px"> </div>assets. Furthermore,<div style="display:inline-block;width:6.33px"> </div>due<div style="display:inline-block;width:5.13px"> </div>to the<div style="display:inline-block;width:5.4px"> </div>short-</div><div id="a145380" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:229.5px;">term nature of such<div style="display:inline-block;width:5.22px"> </div>contracts, UBS AG has not<div style="display:inline-block;width:5.74px"> </div>capitalized any material<div style="display:inline-block;width:5.22px"> </div>costs to obtain<div style="display:inline-block;width:5.28px"> </div>or fulfill a contract<div style="display:inline-block;width:5.05px"> </div>or generated </div><div id="a145381" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:245.1px;">any significant contract assets or liabilities. </div><div id="a145383" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:267.8px;">UBS AG presents expenses<div style="display:inline-block;width:5.29px"> </div>primarily in line with their nature<div style="display:inline-block;width:5.22px"> </div>in the income statement,<div style="display:inline-block;width:5.82px"> </div>differentiating between expenses </div><div id="a145385" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:282.9px;">that<div style="display:inline-block;width:5.1px"> </div>are<div style="display:inline-block;width:5.29px"> </div>directly<div style="display:inline-block;width:5.2px"> </div>attributable<div style="display:inline-block;width:5.46px"> </div>to<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>satisfaction<div style="display:inline-block;width:5.31px"> </div>of<div style="display:inline-block;width:5.25px"> </div>specific<div style="display:inline-block;width:5.16px"> </div>performance<div style="display:inline-block;width:5.72px"> </div>obligations<div style="display:inline-block;width:5.82px"> </div>associated<div style="display:inline-block;width:5.24px"> </div>with<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>generation<div style="display:inline-block;width:5.6px"> </div>of </div><div id="a145389" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:298.1px;">revenues, which are generally presented within </div><div id="a145392" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:272.725px;top:297.8px;">Total revenues</div><div id="a145394" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.712px;top:298.1px;"><div style="display:inline-block;width:3.31px"> </div>as </div><div id="a145396" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:371.152px;top:297.8px;">Fee and commission expense</div><div id="a145397" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:533.925px;top:298.1px;">, and those that are<div style="display:inline-block;width:2.16px"> </div>related </div><div id="a145398" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:313.7px;">to<div style="display:inline-block;width:6.2px"> </div>personnel,<div style="display:inline-block;width:6.85px"> </div>general<div style="display:inline-block;width:6.29px"> </div>and<div style="display:inline-block;width:6.55px"> </div>administrative<div style="display:inline-block;width:5.47px"> </div>expenses,<div style="display:inline-block;width:7.03px"> </div>which<div style="display:inline-block;width:6.35px"> </div>are<div style="display:inline-block;width:6.23px"> </div>presented<div style="display:inline-block;width:6.74px"> </div>within </div><div id="a145399" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:478.565px;top:313.4px;">Operating<div style="display:inline-block;width:6.25px"> </div>expenses</div><div id="a145401" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:592.605px;top:313.7px;">.<div style="display:inline-block;width:6.25px"> </div>For<div style="display:inline-block;width:5.99px"> </div>derivatives </div><div id="a145402" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:328.8px;">execution<div style="display:inline-block;width:5.15px"> </div>and<div style="display:inline-block;width:5.13px"> </div>clearing services<div style="display:inline-block;width:5.53px"> </div>(where<div style="display:inline-block;width:5.23px"> </div>UBS<div style="display:inline-block;width:5.08px"> </div>AG acts<div style="display:inline-block;width:5.71px"> </div>as an<div style="display:inline-block;width:6.03px"> </div>agent),<div style="display:inline-block;width:5.19px"> </div>UBS<div style="display:inline-block;width:5.08px"> </div>AG only<div style="display:inline-block;width:5.93px"> </div>records<div style="display:inline-block;width:5.63px"> </div>its specific<div style="display:inline-block;width:5.53px"> </div>fees in<div style="display:inline-block;width:5.77px"> </div>the income </div><div id="a145404" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:344.4px;">statement,<div style="display:inline-block;width:6.36px"> </div>with<div style="display:inline-block;width:6.2px"> </div>fees<div style="display:inline-block;width:6.04px"> </div>payable<div style="display:inline-block;width:6.25px"> </div>to<div style="display:inline-block;width:6.2px"> </div>other<div style="display:inline-block;width:6.25px"> </div>parties<div style="display:inline-block;width:5.99px"> </div>not<div style="display:inline-block;width:6.4px"> </div>recognized<div style="display:inline-block;width:6.53px"> </div>as<div style="display:inline-block;width:6.2px"> </div>an<div style="display:inline-block;width:6.35px"> </div>expense<div style="display:inline-block;width:6.4px"> </div>but<div style="display:inline-block;width:5.93px"> </div>instead<div style="display:inline-block;width:6.34px"> </div>directly<div style="display:inline-block;width:6.14px"> </div>offset<div style="display:inline-block;width:6.18px"> </div>against<div style="display:inline-block;width:6.34px"> </div>the </div><div id="a145405" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:359.6px;">associated income collected from the given<div style="display:inline-block;width:5.48px"> </div>client.</div></div></div><div id="a145405_50_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:287.858px;top:359.6px;"> </div><div id="a145407" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:371.7px;">›</div><div id="a145408" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:371.9px;"> </div><div id="a145409" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:376.6px;">Refer to Note 4 for<div style="display:inline-block;width:1.31px"> </div>more information,<div style="display:inline-block;width:1.63px"> </div>including the<div style="display:inline-block;width:1.6px"> </div>disaggregation of<div style="display:inline-block;width:1.68px"> </div>revenues </div><div id="div_1036_XBRL_TS_0c8cb43988b64a74806a1435c7c595c0" style="position:absolute;left:0px;top:404.6px;float:left;"><div id="TextBlockContainer1037" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:472px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a145416" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">4) Share-based and other deferred<div style="display:inline-block;width:5.43px"> </div>compensation plans </div><div id="a145427" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23.1px;">UBS AG recognizes expenses for deferred compensation awards over the period that the employee is required to provide </div><div id="a145428" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.2px;">service to<div style="display:inline-block;width:5.69px"> </div>become entitled<div style="display:inline-block;width:5.72px"> </div>to the<div style="display:inline-block;width:5.97px"> </div>award.<div style="display:inline-block;width:5.23px"> </div>Where the<div style="display:inline-block;width:5.91px"> </div>service period<div style="display:inline-block;width:5.52px"> </div>is shortened,<div style="display:inline-block;width:5.91px"> </div>for example in<div style="display:inline-block;width:6.09px"> </div>the case<div style="display:inline-block;width:5.68px"> </div>of employees </div><div id="a145430" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">affected by restructuring programs or mutually agreed termination provisions, recognition<div style="display:inline-block;width:5.25px"> </div>of such expense is accelerated </div><div id="a145431" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:68.9px;">to the<div style="display:inline-block;width:5.88px"> </div>termination date.<div style="display:inline-block;width:6.19px"> </div>Where no<div style="display:inline-block;width:6.27px"> </div>future service<div style="display:inline-block;width:5.54px"> </div>is required,<div style="display:inline-block;width:6.5px"> </div>such as<div style="display:inline-block;width:6.08px"> </div>for employees<div style="display:inline-block;width:5.67px"> </div>who are<div style="display:inline-block;width:5.9px"> </div>eligible for<div style="display:inline-block;width:5.66px"> </div>retirement or </div><div id="a145433" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:84.6px;">who<div style="display:inline-block;width:8.08px"> </div>have<div style="display:inline-block;width:7.57px"> </div>met<div style="display:inline-block;width:7.26px"> </div>certain<div style="display:inline-block;width:7.16px"> </div>age<div style="display:inline-block;width:7.77px"> </div>and<div style="display:inline-block;width:7.97px"> </div>length-of-service<div style="display:inline-block;width:7.62px"> </div>criteria,<div style="display:inline-block;width:7.8px"> </div>the<div style="display:inline-block;width:7.62px"> </div>services<div style="display:inline-block;width:7.48px"> </div>are<div style="display:inline-block;width:7.65px"> </div>presumed<div style="display:inline-block;width:8.15px"> </div>to<div style="display:inline-block;width:7.62px"> </div>have<div style="display:inline-block;width:7.57px"> </div>been<div style="display:inline-block;width:7.97px"> </div>received<div style="display:inline-block;width:7.35px"> </div>and </div><div id="a145439" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.7px;">compensation expense<div style="display:inline-block;width:5.53px"> </div>is recognized<div style="display:inline-block;width:5.16px"> </div>over the performance<div style="display:inline-block;width:5.1px"> </div>year or,<div style="display:inline-block;width:5.33px"> </div>in the case<div style="display:inline-block;width:5.47px"> </div>of off-cycle awards,<div style="display:inline-block;width:6.1px"> </div>immediately on<div style="display:inline-block;width:5.53px"> </div>the </div><div id="a145449" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:114.8px;">grant date. </div><div id="a145453" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:138px;">Share-based compensation plans </div><div id="a145457" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:153.1px;">UBS Group AG is the grantor of<div style="display:inline-block;width:2.28px"> </div>and maintains the obligation to settle share-based compensation plans that are awarded </div><div id="a145460" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:168.3px;">to employees<div style="display:inline-block;width:5.82px"> </div>of UBS<div style="display:inline-block;width:6.18px"> </div>AG. As<div style="display:inline-block;width:6.14px"> </div>a consequence,<div style="display:inline-block;width:6.54px"> </div>UBS<div style="display:inline-block;width:5.08px"> </div>AG classifies<div style="display:inline-block;width:6px"> </div>the awards<div style="display:inline-block;width:6.27px"> </div>of UBS<div style="display:inline-block;width:6.66px"> </div>Group<div style="display:inline-block;width:5.32px"> </div>AG shares<div style="display:inline-block;width:6.21px"> </div>as equity-settled </div><div id="a145464" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183.9px;">share-based payment transactions.<div style="display:inline-block;width:5.54px"> </div>UBS AG recognizes the fair value of awards<div style="display:inline-block;width:5.17px"> </div>granted to its employees by reference<div style="display:inline-block;width:5.4px"> </div>to </div><div id="a145467" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:199px;">the fair value of UBS Group<div style="display:inline-block;width:5.3px"> </div>AG’s equity instruments on<div style="display:inline-block;width:5.24px"> </div>the date of grant, taking<div style="display:inline-block;width:5.31px"> </div>into account the terms and<div style="display:inline-block;width:5.48px"> </div>conditions </div><div id="a145472" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:214.6px;">inherent in<div style="display:inline-block;width:5.37px"> </div>the award, including,<div style="display:inline-block;width:5.61px"> </div>where relevant, dividend<div style="display:inline-block;width:5.66px"> </div>rights, transfer restrictions<div style="display:inline-block;width:5.86px"> </div>in effect beyond<div style="display:inline-block;width:5.69px"> </div>the vesting date, </div><div id="a145473" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:229.8px;">market conditions, and non<div style="display:inline-block;width:1.55px"> </div>-vesting conditions.<div style="display:inline-block;width:4.4px"> </div></div><div id="a145477" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:252.5px;">For equity-settled awards,<div style="display:inline-block;width:5.96px"> </div>fair value is not<div style="display:inline-block;width:5.67px"> </div>remeasured unless<div style="display:inline-block;width:5.36px"> </div>the terms of<div style="display:inline-block;width:5.1px"> </div>the award are modified<div style="display:inline-block;width:5.66px"> </div>such that there<div style="display:inline-block;width:5.22px"> </div>is an </div><div id="a145481" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:267.6px;">incremental<div style="display:inline-block;width:5.45px"> </div>increase<div style="display:inline-block;width:6.18px"> </div>in<div style="display:inline-block;width:5.77px"> </div>value.<div style="display:inline-block;width:5.67px"> </div>Expenses<div style="display:inline-block;width:5.98px"> </div>are<div style="display:inline-block;width:5.76px"> </div>recognized,<div style="display:inline-block;width:5.69px"> </div>on<div style="display:inline-block;width:6.08px"> </div>a<div style="display:inline-block;width:5.2px"> </div>per-tranche<div style="display:inline-block;width:5.22px"> </div>basis,<div style="display:inline-block;width:5.98px"> </div>over<div style="display:inline-block;width:5.05px"> </div>the<div style="display:inline-block;width:5.72px"> </div>service<div style="display:inline-block;width:5.53px"> </div>period<div style="display:inline-block;width:6.02px"> </div>based<div style="display:inline-block;width:5.66px"> </div>on<div style="display:inline-block;width:6.08px"> </div>an </div><div id="a145484" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:283.3px;">estimate of<div style="display:inline-block;width:5.79px"> </div>the number<div style="display:inline-block;width:6.13px"> </div>of instruments<div style="display:inline-block;width:6.29px"> </div>expected<div style="display:inline-block;width:5.52px"> </div>to vest<div style="display:inline-block;width:5.52px"> </div>and<div style="display:inline-block;width:5.13px"> </div>are adjusted<div style="display:inline-block;width:6.52px"> </div>to reflect<div style="display:inline-block;width:6.25px"> </div>the actual<div style="display:inline-block;width:5.57px"> </div>outcomes<div style="display:inline-block;width:5.35px"> </div>of service<div style="display:inline-block;width:6.16px"> </div>or </div><div id="a145486" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:298.4px;">performance conditions.<div style="display:inline-block;width:4.84px"> </div></div><div id="a145488" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:321.6px;">For equity-settled<div style="display:inline-block;width:6.26px"> </div>awards,<div style="display:inline-block;width:5.27px"> </div>forfeiture events<div style="display:inline-block;width:5.45px"> </div>resulting<div style="display:inline-block;width:5.11px"> </div>from a<div style="display:inline-block;width:5.95px"> </div>breach<div style="display:inline-block;width:5.02px"> </div>of a<div style="display:inline-block;width:5.83px"> </div>non-vesting condition<div style="display:inline-block;width:6.32px"> </div>(i.e., one<div style="display:inline-block;width:5.55px"> </div>that does<div style="display:inline-block;width:5.66px"> </div>not </div><div id="a145497" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:336.7px;">relate to a service or performance condition)<div style="display:inline-block;width:5.48px"> </div>do not result in any<div style="display:inline-block;width:5.03px"> </div>adjustment to the share-based compensation<div style="display:inline-block;width:5.32px"> </div>expense. </div><div id="a145501" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:359.4px;">For<div style="display:inline-block;width:5.05px"> </div>cash-settled<div style="display:inline-block;width:5.39px"> </div>share-based<div style="display:inline-block;width:5.87px"> </div>awards,<div style="display:inline-block;width:5.79px"> </div>fair value<div style="display:inline-block;width:6.21px"> </div>is<div style="display:inline-block;width:5.21px"> </div>remeasured<div style="display:inline-block;width:5.71px"> </div>at<div style="display:inline-block;width:5.05px"> </div>each<div style="display:inline-block;width:5.2px"> </div>reporting<div style="display:inline-block;width:5.21px"> </div>date,<div style="display:inline-block;width:5.44px"> </div>so<div style="display:inline-block;width:5.46px"> </div>that<div style="display:inline-block;width:5.1px"> </div>the<div style="display:inline-block;width:5.25px"> </div>cumulative expense </div><div id="a145517" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:374.5px;">recognized equals the cash distributed.<div style="display:inline-block;width:5.46px"> </div></div><div id="a145521" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:397.3px;">Other deferred compensation plans </div><div id="a145527" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:412.4px;">Compensation<div style="display:inline-block;width:6.48px"> </div>expense<div style="display:inline-block;width:5.93px"> </div>for<div style="display:inline-block;width:5.57px"> </div>other<div style="display:inline-block;width:5.77px"> </div>deferred<div style="display:inline-block;width:5.86px"> </div>compensation<div style="display:inline-block;width:6.59px"> </div>plans<div style="display:inline-block;width:6.02px"> </div>is<div style="display:inline-block;width:5.62px"> </div>recognized<div style="display:inline-block;width:6.06px"> </div>on<div style="display:inline-block;width:6.08px"> </div>a<div style="display:inline-block;width:5.2px"> </div>per-tranche<div style="display:inline-block;width:6.26px"> </div>or<div style="display:inline-block;width:5.72px"> </div>straight-line<div style="display:inline-block;width:5.94px"> </div>basis, </div><div id="a145532" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:428px;">depending<div style="display:inline-block;width:5.37px"> </div>on the<div style="display:inline-block;width:5.76px"> </div>nature of<div style="display:inline-block;width:5.69px"> </div>the plan.<div style="display:inline-block;width:5.76px"> </div>The amount<div style="display:inline-block;width:5.81px"> </div>recognized<div style="display:inline-block;width:5.12px"> </div>is measured<div style="display:inline-block;width:6.36px"> </div>based on<div style="display:inline-block;width:5.69px"> </div>the present<div style="display:inline-block;width:6.21px"> </div>value of<div style="display:inline-block;width:5.72px"> </div>the amount </div><div id="a145537" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:443.2px;">expected to be paid under the plan and is remeasured at<div style="display:inline-block;width:1.97px"> </div>each reporting date, so that the cumulative expense recognized </div><div id="a145538" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:458.3px;">equals the cash or the fair value of<div style="display:inline-block;width:5.06px"> </div>respective financial instruments distributed.</div></div></div><div id="a145538_82_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:451.138px;top:862.9px;"> </div><div id="a145540" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:875.1px;">›</div><div id="a145541" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:875.3px;"> </div><div id="a145542" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:880px;">Refer to Note 27<div style="display:inline-block;width:1.6px"> </div>for more information</div></div><div id="TextBlockContainer1050" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:918px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1040_XBRL_TS_bd0a7b176ee34f2782f347134e94cb2d" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1041" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:175px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a145587" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">5)<div style="display:inline-block;width:3.83px"> </div>Post-employment benefit plans </div><div id="a145594" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:23px;">Defined benefit plans </div><div id="a145596" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.7px;">Defined benefit plans specify an amount of benefit that an employee will receive, which usually depends on one or more </div><div id="a145602" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">factors,<div style="display:inline-block;width:3.98px"> </div>such as<div style="display:inline-block;width:5.13px"> </div>age, years<div style="display:inline-block;width:5.31px"> </div>of service and<div style="display:inline-block;width:5.72px"> </div>compensation.<div style="display:inline-block;width:5.28px"> </div>The defined<div style="display:inline-block;width:5.38px"> </div>benefit liability<div style="display:inline-block;width:5.1px"> </div>recognized in<div style="display:inline-block;width:5.32px"> </div>the balance sheet<div style="display:inline-block;width:5.66px"> </div>is </div><div id="a145606" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:69.4px;">the present value of the<div style="display:inline-block;width:5.1px"> </div>defined<div style="display:inline-block;width:4.23px"> </div>benefit obligation,<div style="display:inline-block;width:5.09px"> </div>measured using the projected<div style="display:inline-block;width:5.79px"> </div>unit credit method,<div style="display:inline-block;width:5.48px"> </div>less the fair value </div><div id="a145611" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:84.5px;">of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>plan’s<div style="display:inline-block;width:5.24px"> </div>assets<div style="display:inline-block;width:5.2px"> </div>at<div style="display:inline-block;width:5.05px"> </div>the balance<div style="display:inline-block;width:6.4px"> </div>sheet<div style="display:inline-block;width:5.3px"> </div>date,<div style="display:inline-block;width:4.99px"> </div>with<div style="display:inline-block;width:5.25px"> </div>changes<div style="display:inline-block;width:5.18px"> </div>resulting<div style="display:inline-block;width:5.58px"> </div>from<div style="display:inline-block;width:5.18px"> </div>remeasurements<div style="display:inline-block;width:5.89px"> </div>recorded<div style="display:inline-block;width:5.78px"> </div>immediately<div style="display:inline-block;width:5.37px"> </div>in </div><div id="a145618" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:99.4px;">Other comprehensive income</div><div id="a145619" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:170.992px;top:99.7px;">. If the fair value of the plan’s<div style="display:inline-block;width:5.04px"> </div>assets is higher than the present value of the defined<div style="display:inline-block;width:5.09px"> </div>benefit </div><div id="a145624" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:115.3px;">obligation, the recognition<div style="display:inline-block;width:5.22px"> </div>of the resulting net asset<div style="display:inline-block;width:5.14px"> </div>is limited to the present<div style="display:inline-block;width:5.63px"> </div>value of economic benefits available<div style="display:inline-block;width:5.24px"> </div>in the </div><div id="a145625" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:130.4px;">form of<div style="display:inline-block;width:5.1px"> </div>refunds from<div style="display:inline-block;width:5.88px"> </div>the plan<div style="display:inline-block;width:5.18px"> </div>or reductions<div style="display:inline-block;width:6px"> </div>in future<div style="display:inline-block;width:5.59px"> </div>contributions<div style="display:inline-block;width:5.15px"> </div>to the plan.<div style="display:inline-block;width:6.01px"> </div>Calculation o<div style="display:inline-block;width:1.37px"> </div>f<div style="display:inline-block;width:4.1px"> </div>the net<div style="display:inline-block;width:5.43px"> </div>defined benefit </div><div id="a145635" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:146px;">obligation or<div style="display:inline-block;width:5.49px"> </div>asset takes<div style="display:inline-block;width:5.62px"> </div>into account<div style="display:inline-block;width:5.56px"> </div>the specific<div style="display:inline-block;width:5.79px"> </div>features of<div style="display:inline-block;width:5.39px"> </div>each plan,<div style="display:inline-block;width:5.71px"> </div>including risk<div style="display:inline-block;width:5.59px"> </div>sharing between<div style="display:inline-block;width:5.59px"> </div>employee and </div><div id="a145641" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:161.2px;">employer, and<div style="display:inline-block;width:5.44px"> </div>is calculated periodically by independent<div style="display:inline-block;width:5.82px"> </div>qualified actuaries.</div></div></div><div id="a145641_76_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:429.832px;top:161.2px;"> </div><div id="a145647" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:176.2px;"> </div><div id="div_1042_XBRL_TS_fd6ea224277d49f5ba307359798032cf" style="position:absolute;left:8.793px;top:198.5px;float:left;"><div id="TextBlockContainer1043" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:219px;height:10px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a145648" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Critical accounting estimates and judgments</div></div></div><div id="div_1044_XBRL_TS_a9683ecf103c47e8a4967867d6fbaef9" style="position:absolute;left:8.793px;top:223.8px;float:left;"><div id="TextBlockContainer1045" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:674px;height:64px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a145650" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:0px;">The net defined benefit liability or asset at the balance sheet date and the related personnel expense depend on the expected future benefits to be provided, </div><div id="a145653" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:13.2px;">determined<div style="display:inline-block;width:5.35px"> </div>using<div style="display:inline-block;width:4.32px"> </div>a<div style="display:inline-block;width:4.97px"> </div>number<div style="display:inline-block;width:4.72px"> </div>of<div style="display:inline-block;width:4.41px"> </div>economic<div style="display:inline-block;width:4.57px"> </div>and<div style="display:inline-block;width:4.8px"> </div>demographic<div style="display:inline-block;width:4.95px"> </div>assumptions.<div style="display:inline-block;width:5.33px"> </div>A<div style="display:inline-block;width:4.73px"> </div>range<div style="display:inline-block;width:4.56px"> </div>of<div style="display:inline-block;width:4.41px"> </div>assumptions<div style="display:inline-block;width:4.78px"> </div>could<div style="display:inline-block;width:4.72px"> </div>be<div style="display:inline-block;width:4.17px"> </div>applied,<div style="display:inline-block;width:5.11px"> </div>and<div style="display:inline-block;width:4.8px"> </div>different<div style="display:inline-block;width:5.09px"> </div>assumptions<div style="display:inline-block;width:4.78px"> </div>could </div><div id="a145655" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:27px;">significantly alter<div style="display:inline-block;width:4.97px"> </div>the defined benefit<div style="display:inline-block;width:4.94px"> </div>liability or<div style="display:inline-block;width:4.1px"> </div>asset and<div style="display:inline-block;width:4.24px"> </div>pension expense<div style="display:inline-block;width:4.14px"> </div>recognized. The<div style="display:inline-block;width:4.74px"> </div>most significant<div style="display:inline-block;width:4.17px"> </div>assumptions include<div style="display:inline-block;width:4.62px"> </div>life expectancy,<div style="display:inline-block;width:4.87px"> </div>discount </div><div id="a145657" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:40.2px;">rate,<div style="display:inline-block;width:4.34px"> </div>expected salary<div style="display:inline-block;width:5.01px"> </div>increases,<div style="display:inline-block;width:4.28px"> </div>pension<div style="display:inline-block;width:4.23px"> </div>increases<div style="display:inline-block;width:4.2px"> </div>and interest<div style="display:inline-block;width:5.42px"> </div>credits on<div style="display:inline-block;width:5.16px"> </div>retirement<div style="display:inline-block;width:4.47px"> </div>savings account<div style="display:inline-block;width:5.11px"> </div>balances. Sensitivity<div style="display:inline-block;width:5.72px"> </div>analysis for<div style="display:inline-block;width:5.12px"> </div>reasonable possible </div><div id="a145664" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:53.5px;">movements in each significant assumption<div style="display:inline-block;width:4.61px"> </div>for UBS AG‘s post-employment obligations is<div style="display:inline-block;width:4.12px"> </div>provided in Note 26.</div></div></div><div id="a145673" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:285.9px;">›</div><div id="a145674" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:286.2px;"> </div><div id="a145675" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:290.8px;">Refer to Note 26</div><div id="a145678" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#006600;left:114.205px;top:290.8px;"> </div><div id="a145679" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:117.045px;top:290.8px;">for more information </div><div id="div_1046_XBRL_TS_d9bfe3b282fa4184abd177b0160eb286" style="position:absolute;left:0px;top:316.3px;float:left;"><div id="TextBlockContainer1047" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:105px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a145682" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Defined contribution plans </div><div id="a145684" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">A<div style="display:inline-block;width:5.83px"> </div>defined<div style="display:inline-block;width:6.06px"> </div>contribution<div style="display:inline-block;width:6.02px"> </div>plan<div style="display:inline-block;width:5.98px"> </div>pays<div style="display:inline-block;width:5.72px"> </div>fixed<div style="display:inline-block;width:5.42px"> </div>contributions<div style="display:inline-block;width:6.54px"> </div>into<div style="display:inline-block;width:5.82px"> </div>a<div style="display:inline-block;width:5.67px"> </div>separate<div style="display:inline-block;width:5.62px"> </div>entity<div style="display:inline-block;width:5.74px"> </div>from<div style="display:inline-block;width:6.6px"> </div>which<div style="display:inline-block;width:5.88px"> </div>post-employment<div style="display:inline-block;width:6.45px"> </div>and<div style="display:inline-block;width:6.08px"> </div>other </div><div id="a145688" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.3px;">benefits<div style="display:inline-block;width:5.72px"> </div>are<div style="display:inline-block;width:5.76px"> </div>paid.<div style="display:inline-block;width:6.08px"> </div>UBS<div style="display:inline-block;width:5.65px"> </div>AG<div style="display:inline-block;width:5.26px"> </div>has<div style="display:inline-block;width:5.45px"> </div>no<div style="display:inline-block;width:5.61px"> </div>legal<div style="display:inline-block;width:5.67px"> </div>or<div style="display:inline-block;width:5.25px"> </div>constructive<div style="display:inline-block;width:5.63px"> </div>obligation<div style="display:inline-block;width:6.22px"> </div>to<div style="display:inline-block;width:5.25px"> </div>pay<div style="display:inline-block;width:5.67px"> </div>further<div style="display:inline-block;width:5.65px"> </div>amounts<div style="display:inline-block;width:6.05px"> </div>if<div style="display:inline-block;width:5.42px"> </div>the<div style="display:inline-block;width:5.72px"> </div>plan<div style="display:inline-block;width:5.5px"> </div>does<div style="display:inline-block;width:5.18px"> </div>not<div style="display:inline-block;width:5.93px"> </div>hold </div><div id="a145696" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">sufficient<div style="display:inline-block;width:8.33px"> </div>assets<div style="display:inline-block;width:8.51px"> </div>to<div style="display:inline-block;width:8.09px"> </div>pay<div style="display:inline-block;width:8.04px"> </div>employees<div style="display:inline-block;width:8.51px"> </div>the<div style="display:inline-block;width:8.09px"> </div>benefits<div style="display:inline-block;width:8.55px"> </div>relating<div style="display:inline-block;width:8.64px"> </div>to<div style="display:inline-block;width:8.09px"> </div>employee<div style="display:inline-block;width:8.46px"> </div>service<div style="display:inline-block;width:8.37px"> </div>in<div style="display:inline-block;width:8.61px"> </div>the<div style="display:inline-block;width:8.09px"> </div>current<div style="display:inline-block;width:8.02px"> </div>and<div style="display:inline-block;width:8.44px"> </div>prior<div style="display:inline-block;width:8.03px"> </div>periods. </div><div id="a145697" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61px;">Compensation<div style="display:inline-block;width:5.06px"> </div>expense is recognized<div style="display:inline-block;width:5.64px"> </div>when the employees<div style="display:inline-block;width:5.49px"> </div>have rendered<div style="display:inline-block;width:5.71px"> </div>services in exchange<div style="display:inline-block;width:5.15px"> </div>for contributions.<div style="display:inline-block;width:5.23px"> </div>This is </div><div id="a145700" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.2px;">generally in the year of contribution. Prepaid contributions are<div style="display:inline-block;width:5.13px"> </div>recognized as an asset to the extent that a cash refund or </div><div id="a145701" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:91.8px;">a reduction in future payments<div style="display:inline-block;width:5.33px"> </div>is available.</div></div></div><div id="a145701_44_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:249.085px;top:408.1px;"> </div><div id="div_1048_XBRL_TS_e8ad78f017214cc89cdcc031be564e70" style="position:absolute;left:0px;top:438.1px;float:left;"><div id="TextBlockContainer1049" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:480px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a145703" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">6)<div style="display:inline-block;width:3.83px"> </div>Income taxes </div><div id="a145709" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23.5px;">UBS AG<div style="display:inline-block;width:5.27px"> </div>is subject to<div style="display:inline-block;width:5.4px"> </div>the income tax<div style="display:inline-block;width:5.05px"> </div>laws of Switzerland<div style="display:inline-block;width:5.77px"> </div>and those<div style="display:inline-block;width:5.54px"> </div>of the non<div style="display:inline-block;width:1.63px"> </div>-Swiss jurisdictions in<div style="display:inline-block;width:5.44px"> </div>which UBS<div style="display:inline-block;width:5.48px"> </div>AG has </div><div id="a145721" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.6px;">business operations. </div><div id="a145723" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61.4px;">UBS AG’s provision for income taxes is composed of current and deferred<div style="display:inline-block;width:5.23px"> </div>taxes. Current income taxes represent taxes to </div><div id="a145725" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.5px;">be paid or<div style="display:inline-block;width:4.57px"> </div>refunded for the current period or<div style="display:inline-block;width:5.02px"> </div>previous periods.<div style="display:inline-block;width:4.42px"> </div></div><div id="a145731" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.7px;">Deferred tax<div style="display:inline-block;width:2.28px"> </div>assets (DTAs) and<div style="display:inline-block;width:2.13px"> </div>deferred tax liabilities<div style="display:inline-block;width:1.94px"> </div>(DTLs) are recognized<div style="display:inline-block;width:2.33px"> </div>for temporary differences<div style="display:inline-block;width:2.22px"> </div>between the carrying </div><div id="a145738" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:114.8px;">amounts<div style="display:inline-block;width:5.08px"> </div>and<div style="display:inline-block;width:5.13px"> </div>tax bases<div style="display:inline-block;width:5.72px"> </div>of<div style="display:inline-block;width:5.25px"> </div>assets<div style="display:inline-block;width:5.2px"> </div>and<div style="display:inline-block;width:5.13px"> </div>liabilities<div style="display:inline-block;width:5.15px"> </div>that will<div style="display:inline-block;width:5.94px"> </div>result<div style="display:inline-block;width:5.51px"> </div>in deductible<div style="display:inline-block;width:6.63px"> </div>or<div style="display:inline-block;width:5.25px"> </div>taxable amounts<div style="display:inline-block;width:1.71px"> </div>,<div style="display:inline-block;width:4.83px"> </div>respectively<div style="display:inline-block;width:5.04px"> </div>in<div style="display:inline-block;width:5.34px"> </div>future </div><div id="a145749" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:130px;">periods.<div style="display:inline-block;width:4.32px"> </div>DTAs may also arise from<div style="display:inline-block;width:5.02px"> </div>other sources, including<div style="display:inline-block;width:5.55px"> </div>unused tax losses and<div style="display:inline-block;width:5.47px"> </div>unused tax credits. DTAs and<div style="display:inline-block;width:5.53px"> </div>DTLs are </div><div id="a145757" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:145.6px;">measured<div style="display:inline-block;width:5.12px"> </div>using<div style="display:inline-block;width:5.28px"> </div>the applicable<div style="display:inline-block;width:5.92px"> </div>tax<div style="display:inline-block;width:5.32px"> </div>rates and<div style="display:inline-block;width:5.93px"> </div>laws<div style="display:inline-block;width:5.25px"> </div>that have<div style="display:inline-block;width:6.34px"> </div>been<div style="display:inline-block;width:5.13px"> </div>enacted or<div style="display:inline-block;width:6.35px"> </div>substantively enacted<div style="display:inline-block;width:6.56px"> </div>by<div style="display:inline-block;width:5.2px"> </div>the end<div style="display:inline-block;width:6.23px"> </div>of the </div><div id="a145759" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.7px;">reporting period and<div style="display:inline-block;width:5.29px"> </div>that will be in effect when such differences<div style="display:inline-block;width:5.04px"> </div>are expected to reverse. </div><div id="a145765" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183.4px;">DTAs are recognized<div style="display:inline-block;width:5.29px"> </div>only to the<div style="display:inline-block;width:5.23px"> </div>extent it is probable<div style="display:inline-block;width:6.16px"> </div>that sufficient taxable profits<div style="display:inline-block;width:5.58px"> </div>will be<div style="display:inline-block;width:5.3px"> </div>available against which<div style="display:inline-block;width:5.5px"> </div>these </div><div id="a145769" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:198.5px;">differences can<div style="display:inline-block;width:5.94px"> </div>be used<div style="display:inline-block;width:1.8px"> </div>.<div style="display:inline-block;width:5.31px"> </div>When an<div style="display:inline-block;width:6.18px"> </div>entity or<div style="display:inline-block;width:6.36px"> </div>tax group<div style="display:inline-block;width:6.79px"> </div>has a<div style="display:inline-block;width:6.03px"> </div>history of<div style="display:inline-block;width:5.67px"> </div>recent<div style="display:inline-block;width:5.13px"> </div>losses,<div style="display:inline-block;width:5.77px"> </div>DTAs<div style="display:inline-block;width:5.03px"> </div>are only<div style="display:inline-block;width:5.96px"> </div>recognized<div style="display:inline-block;width:5.59px"> </div>to the </div><div id="a145775" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:214.2px;">extent there are sufficient<div style="display:inline-block;width:2px"> </div>taxable temporary differences or there is<div style="display:inline-block;width:2.04px"> </div>convincing other evidence<div style="display:inline-block;width:2.29px"> </div>that sufficient taxable profit </div><div id="a145779" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:229.3px;">will be available against which the<div style="display:inline-block;width:5.04px"> </div>unused tax losses can be<div style="display:inline-block;width:5.15px"> </div>utilized. </div><div id="a145783" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:252.5px;">Deferred and current tax assets<div style="display:inline-block;width:2px"> </div>and liabilities are offset when:<div style="display:inline-block;width:3.13px"> </div>(i) they arise in the<div style="display:inline-block;width:2.24px"> </div>same tax reporting group;<div style="display:inline-block;width:2.88px"> </div>(ii) they relate </div><div id="a145793" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:267.6px;">to the same<div style="display:inline-block;width:5.4px"> </div>tax authority;<div style="display:inline-block;width:5.47px"> </div>(iii) the legal<div style="display:inline-block;width:5.82px"> </div>right to offset<div style="display:inline-block;width:5.48px"> </div>exists;<div style="display:inline-block;width:5.07px"> </div>and (iv) with<div style="display:inline-block;width:5.33px"> </div>respect to<div style="display:inline-block;width:5.34px"> </div>current taxes<div style="display:inline-block;width:5.07px"> </div>they are<div style="display:inline-block;width:5.24px"> </div>intended to </div><div id="a145806" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:282.8px;">be settled net or realized simultaneously. </div><div id="a145808" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:305.5px;">Current and deferred taxes are recognized<div style="display:inline-block;width:5.49px"> </div>as income tax benefit or expense in the income statement, except<div style="display:inline-block;width:5.18px"> </div>for current </div><div id="a145810" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:320.6px;">and deferred taxes recognized in relation<div style="display:inline-block;width:5.67px"> </div>to: (i) the acquisition of a subsidiary<div style="display:inline-block;width:5.25px"> </div>(for which such amounts<div style="display:inline-block;width:5.37px"> </div>would affect the </div><div id="a145813" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:336.2px;">amount<div style="display:inline-block;width:5.03px"> </div>of goodwill<div style="display:inline-block;width:5.96px"> </div>arising from<div style="display:inline-block;width:5.85px"> </div>the acquisition);<div style="display:inline-block;width:6.39px"> </div>(ii) gains<div style="display:inline-block;width:5.21px"> </div>and losses<div style="display:inline-block;width:5.48px"> </div>on<div style="display:inline-block;width:5.13px"> </div>the sale<div style="display:inline-block;width:5.3px"> </div>of treasury<div style="display:inline-block;width:5.66px"> </div>shares<div style="display:inline-block;width:5.12px"> </div>(for which<div style="display:inline-block;width:5.98px"> </div>the tax </div><div id="a145817" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:351.3px;">effects<div style="display:inline-block;width:5.3px"> </div>are<div style="display:inline-block;width:5.76px"> </div>recognized<div style="display:inline-block;width:6.06px"> </div>directly<div style="display:inline-block;width:5.67px"> </div>in </div><div id="a145818" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:200.338px;top:351.1px;">Equity</div><div id="a145819" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:234.858px;top:351.3px;">);<div style="display:inline-block;width:5.88px"> </div>(iii) unrealized<div style="display:inline-block;width:6px"> </div>gains<div style="display:inline-block;width:5.55px"> </div>or<div style="display:inline-block;width:5.72px"> </div>losses<div style="display:inline-block;width:5.45px"> </div>on<div style="display:inline-block;width:5.61px"> </div>financial<div style="display:inline-block;width:5.88px"> </div>instruments<div style="display:inline-block;width:5.66px"> </div>that<div style="display:inline-block;width:5.57px"> </div>are<div style="display:inline-block;width:5.76px"> </div>classified<div style="display:inline-block;width:5.78px"> </div>at </div><div id="a145822" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:367px;">FVOCI; (iv) changes in fair value of<div style="display:inline-block;width:2.34px"> </div>derivative instruments designated as cash flow hedges; (v) remeasurements of defined </div><div id="a145828" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:382.1px;">benefit plans;<div style="display:inline-block;width:5.28px"> </div>or (vi) certain<div style="display:inline-block;width:5.02px"> </div>foreign currency<div style="display:inline-block;width:5.47px"> </div>translations of<div style="display:inline-block;width:5.39px"> </div>foreign operations.<div style="display:inline-block;width:5.82px"> </div>Amounts relating<div style="display:inline-block;width:5.46px"> </div>to points<div style="display:inline-block;width:5.28px"> </div>(iii) through </div><div id="a145831" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:397.3px;">(vi) above are recognized in </div><div id="a145832" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:163.898px;top:397px;">Other comprehensive income</div><div id="a145833" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:329.978px;top:397.3px;"><div style="display:inline-block;width:3.79px"> </div>within </div><div id="a145835" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:373.525px;top:397px;">Equity</div><div id="a145836" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:408.072px;top:397.3px;">. </div><div id="a145838" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:420.4px;">UBS AG<div style="display:inline-block;width:5.24px"> </div>reflects the potential<div style="display:inline-block;width:5.07px"> </div>effect of uncertain<div style="display:inline-block;width:5.98px"> </div>tax positions<div style="display:inline-block;width:5.02px"> </div>for which acceptance<div style="display:inline-block;width:5.63px"> </div>by the relevant<div style="display:inline-block;width:5.29px"> </div>tax authority is<div style="display:inline-block;width:5.31px"> </div>not </div><div id="a145839" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:435.6px;">considered probable by adjusting current or deferred<div style="display:inline-block;width:2.29px"> </div>taxes, as applicable,<div style="display:inline-block;width:2.14px"> </div>using either the most likely<div style="display:inline-block;width:1.66px"> </div>amount or expected </div><div id="a145840" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:450.7px;">value methods,<div style="display:inline-block;width:5.66px"> </div>depending on<div style="display:inline-block;width:5.4px"> </div>which method<div style="display:inline-block;width:5.34px"> </div>is deemed<div style="display:inline-block;width:5.03px"> </div>a better predictor<div style="display:inline-block;width:5.23px"> </div>of the<div style="display:inline-block;width:5.4px"> </div>basis on<div style="display:inline-block;width:5.43px"> </div>which, and<div style="display:inline-block;width:5.54px"> </div>extent to which, </div><div id="a145842" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:466.3px;">the uncertainty will be resolved.</div></div></div></div><div id="TextBlockContainer1066" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:739px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1056_XBRL_TS_c717563c28424dc88c9bf1497a6beb0e" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1057" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:182px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a145929" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">7)<div style="display:inline-block;width:3.83px"> </div>Property, equipment and software </div><div id="a145932" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:23.3px;">Property,<div style="display:inline-block;width:5.82px"> </div>equipment and<div style="display:inline-block;width:5.64px"> </div>software</div><div id="a145934" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:201.765px;top:23.5px;"><div style="display:inline-block;width:4.25px"> </div>is measured<div style="display:inline-block;width:5.67px"> </div>at<div style="display:inline-block;width:5.05px"> </div>cost less<div style="display:inline-block;width:5.2px"> </div>accumulated dep<div style="display:inline-block;width:1.82px"> </div>reciation<div style="display:inline-block;width:5.13px"> </div>and impairment<div style="display:inline-block;width:5.29px"> </div>losses. Software </div><div id="a145942" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.7px;">development costs are capitalized<div style="display:inline-block;width:5.27px"> </div>only when the costs<div style="display:inline-block;width:5.17px"> </div>can be measured reliably<div style="display:inline-block;width:5.4px"> </div>and it is probable that<div style="display:inline-block;width:5.45px"> </div>future economic </div><div id="a145943" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">benefits<div style="display:inline-block;width:5.72px"> </div>will<div style="display:inline-block;width:5.47px"> </div>arise.<div style="display:inline-block;width:5.57px"> </div>Depreciation<div style="display:inline-block;width:6.52px"> </div>of<div style="display:inline-block;width:5.72px"> </div>property,<div style="display:inline-block;width:7.18px"> </div>equipment<div style="display:inline-block;width:6.07px"> </div>and<div style="display:inline-block;width:6.08px"> </div>software<div style="display:inline-block;width:5.34px"> </div>begins<div style="display:inline-block;width:6.23px"> </div>when<div style="display:inline-block;width:5.91px"> </div>they<div style="display:inline-block;width:5.52px"> </div>are<div style="display:inline-block;width:5.78px"> </div>available<div style="display:inline-block;width:5.36px"> </div>for<div style="display:inline-block;width:5.57px"> </div>use<div style="display:inline-block;width:6px"> </div>and<div style="display:inline-block;width:6.08px"> </div>is </div><div id="a145950" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:69.4px;">calculated on a straight line basis over an<div style="display:inline-block;width:5.15px"> </div>asset’s estimated useful life.<div style="display:inline-block;width:5.49px"> </div></div><div id="a145953" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:92.1px;">Property,<div style="display:inline-block;width:6.03px"> </div>equipment<div style="display:inline-block;width:6.07px"> </div>and<div style="display:inline-block;width:5.61px"> </div>software<div style="display:inline-block;width:5.81px"> </div>are<div style="display:inline-block;width:5.29px"> </div>generally<div style="display:inline-block;width:5.52px"> </div>tested<div style="display:inline-block;width:5.62px"> </div>for<div style="display:inline-block;width:5.57px"> </div>impairment<div style="display:inline-block;width:5.73px"> </div>at<div style="display:inline-block;width:5.52px"> </div>the<div style="display:inline-block;width:5.72px"> </div>appropriate<div style="display:inline-block;width:5.69px"> </div>cash-generating<div style="display:inline-block;width:6.32px"> </div>unit<div style="display:inline-block;width:5.82px"> </div>level, </div><div id="a145957" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.3px;">alongside goodwill and intangible assets as described in item 8 in this<div style="display:inline-block;width:2.2px"> </div>Note. An impairment charge is recognized for such </div><div id="a145965" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:122.9px;">assets<div style="display:inline-block;width:5.67px"> </div>if<div style="display:inline-block;width:5.92px"> </div>the<div style="display:inline-block;width:5.72px"> </div>recoverable<div style="display:inline-block;width:5.98px"> </div>amount<div style="display:inline-block;width:5.98px"> </div>is<div style="display:inline-block;width:5.71px"> </div>below<div style="display:inline-block;width:6.08px"> </div>its<div style="display:inline-block;width:5.94px"> </div>carrying<div style="display:inline-block;width:5.74px"> </div>amount.<div style="display:inline-block;width:6.08px"> </div>The<div style="display:inline-block;width:6.01px"> </div>recoverable<div style="display:inline-block;width:5.98px"> </div>amounts<div style="display:inline-block;width:6.56px"> </div>of<div style="display:inline-block;width:5.72px"> </div>such<div style="display:inline-block;width:5.93px"> </div>assets,<div style="display:inline-block;width:5.77px"> </div>other<div style="display:inline-block;width:5.77px"> </div>than </div><div id="a145972" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:138px;">property that has<div style="display:inline-block;width:5.8px"> </div>a market price, are<div style="display:inline-block;width:5.46px"> </div>generally determined<div style="display:inline-block;width:5.19px"> </div>using a<div style="display:inline-block;width:5.38px"> </div>replacement cost approach<div style="display:inline-block;width:5.4px"> </div>that reflects the amount </div><div id="a145975" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:153.1px;">that would be currently required by a market participant to replace the service capacity<div style="display:inline-block;width:5.21px"> </div>of the asset. If such assets are no </div><div id="a145976" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:168.8px;">longer used, they are tested<div style="display:inline-block;width:5.05px"> </div>individually for impairment.</div></div></div><div id="a145976_57_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:322.885px;top:168.8px;"> </div><div id="a145979" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:180.5px;">›</div><div id="a145980" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:180.7px;"> </div><div id="a145981" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:185.3px;">Refer to Note 11<div style="display:inline-block;width:1.6px"> </div>for more information </div><div id="div_1058_XBRL_TS_7d5ea563e064486c9f6461d1e3548470" style="position:absolute;left:0px;top:213.4px;float:left;"><div id="TextBlockContainer1059" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:121px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a145989" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">8) Goodwill </div><div id="a145992" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23.5px;">Goodwill<div style="display:inline-block;width:5.5px"> </div>represents<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.35px"> </div>excess of<div style="display:inline-block;width:6.94px"> </div>the<div style="display:inline-block;width:5.25px"> </div>consideration over<div style="display:inline-block;width:5.97px"> </div>the<div style="display:inline-block;width:5.25px"> </div>fair<div style="display:inline-block;width:5.26px"> </div>value<div style="display:inline-block;width:5.1px"> </div>of<div style="display:inline-block;width:5.72px"> </div>identifiable assets,<div style="display:inline-block;width:5.29px"> </div>liabilities and<div style="display:inline-block;width:6.13px"> </div>contingent </div><div id="a145994" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.7px;">liabilities acquired that arises in a<div style="display:inline-block;width:5.04px"> </div>business combination.<div style="display:inline-block;width:3.61px"> </div>Goodwill is not amortized, but is assessed for<div style="display:inline-block;width:5.37px"> </div>impairment at the </div><div id="a146002" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:54.3px;">end<div style="display:inline-block;width:5.13px"> </div>of<div style="display:inline-block;width:5.25px"> </div>each reporting<div style="display:inline-block;width:5.32px"> </div>period,<div style="display:inline-block;width:4.8px"> </div>or when<div style="display:inline-block;width:6.37px"> </div>indicators of<div style="display:inline-block;width:5.29px"> </div>impairment exist.<div style="display:inline-block;width:5.18px"> </div>UBS<div style="display:inline-block;width:5.09px"> </div>AG tests<div style="display:inline-block;width:5.65px"> </div>goodwill for<div style="display:inline-block;width:5.8px"> </div>impairment annually, </div><div id="a146016" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:69.4px;">irrespective of whether<div style="display:inline-block;width:2.24px"> </div>there is any indication<div style="display:inline-block;width:1.48px"> </div>of impairment.<div style="display:inline-block;width:1.95px"> </div></div><div id="a146019" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:92.1px;">An impairment charge is recognized in the income<div style="display:inline-block;width:2.21px"> </div>statement if the carrying<div style="display:inline-block;width:2.27px"> </div>amount exceeds the recoverable amount<div style="display:inline-block;width:1.85px"> </div>of a </div><div id="a146024" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.3px;">cash-generating<div style="display:inline-block;width:2.22px"> </div>unit.</div></div></div><div id="a146024_21_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:123.192px;top:320.6px;"><div style="display:inline-block;width:3.32px"> </div></div><div id="a146029" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:336.2px;"> </div><div id="div_1060_XBRL_TS_1732bdbdcab549e2a6eb318893a06a93" style="position:absolute;left:8.793px;top:356px;float:left;"><div id="TextBlockContainer1061" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:219px;height:10px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a146030" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Critical accounting estimates and judgments</div></div></div><div id="div_1062_XBRL_TS_39fade6cc5334b8aae46f6cc7c8d7145" style="position:absolute;left:8.793px;top:378px;float:left;"><div id="TextBlockContainer1063" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:674px;height:90px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a146032" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:0px;">UBS AG‘s methodology for goodwill impairment<div style="display:inline-block;width:4.31px"> </div>testing is based on a model that is most sensitive to the following key assumptions: (<div style="display:inline-block;width:1.63px"> </div>i) forecasts of earnings </div><div id="a146039" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:13.3px;">available to shareholders<div style="display:inline-block;width:4.21px"> </div>in years one to three; (ii) changes in<div style="display:inline-block;width:4.26px"> </div>the discount rates; and (iii) changes in<div style="display:inline-block;width:4.14px"> </div>the long-term growth rate.<div style="display:inline-block;width:3.37px"> </div></div><div id="a146048" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:26.5px;">Earnings available to shareholders<div style="display:inline-block;width:4.61px"> </div>are estimated on<div style="display:inline-block;width:4.19px"> </div>the basis of forecast<div style="display:inline-block;width:4.11px"> </div>results, which are part<div style="display:inline-block;width:4.45px"> </div>of the business plan approved<div style="display:inline-block;width:4.53px"> </div>by the BoD. The discount </div><div id="a146053" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:39.8px;">rates<div style="display:inline-block;width:4.18px"> </div>and growth<div style="display:inline-block;width:5.36px"> </div>rates are<div style="display:inline-block;width:4.91px"> </div>determined using<div style="display:inline-block;width:5.02px"> </div>external information,<div style="display:inline-block;width:5.29px"> </div>and also<div style="display:inline-block;width:4.9px"> </div>considering inputs<div style="display:inline-block;width:5px"> </div>from both<div style="display:inline-block;width:4.9px"> </div>internal and<div style="display:inline-block;width:4.85px"> </div>external analysts<div style="display:inline-block;width:5.03px"> </div>and the<div style="display:inline-block;width:4.79px"> </div>view of </div><div id="a146057" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:53.5px;">management.<div style="display:inline-block;width:3.41px"> </div></div><div id="a146059" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:66.7px;">The key assumptions<div style="display:inline-block;width:4.47px"> </div>used to determine<div style="display:inline-block;width:4.55px"> </div>the recoverable amounts<div style="display:inline-block;width:4.58px"> </div>of each cash-generating<div style="display:inline-block;width:4.5px"> </div>unit are tested<div style="display:inline-block;width:4.19px"> </div>for sensitivity by applying<div style="display:inline-block;width:4.64px"> </div>reasonably possible </div><div id="a146062" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:79.9px;">changes to those assumptions.</div></div></div><div id="a146062_29_2" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;color:#000000;left:143.94px;top:458px;"><div style="display:inline-block;width:2.47px"> </div></div><div id="a146064" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:466.7px;">›</div><div id="a146065" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:466.9px;"> </div><div id="a146066" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:471.5px;">Refer to Notes 2 and<div style="display:inline-block;width:1.3px"> </div>12 for more information<div style="display:inline-block;width:0.73px"> </div></div><div id="div_1064_XBRL_TS_8ac2d97d601241b6b2b7c43e7b6ce1fe" style="position:absolute;left:0px;top:504.3px;float:left;"><div id="TextBlockContainer1065" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:235px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a146074" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">9)<div style="display:inline-block;width:3.83px"> </div>Provisions and contingent liabilities </div><div id="a146077" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23px;">Provisions are liabilities<div style="display:inline-block;width:1.57px"> </div>of uncertain timing or<div style="display:inline-block;width:1.71px"> </div>amount, and are<div style="display:inline-block;width:2.27px"> </div>generally recognized<div style="display:inline-block;width:2.29px"> </div>in accordance with<div style="display:inline-block;width:1.86px"> </div>IAS 37, </div><div id="a146083" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:626.205px;top:22.8px;">Provisions, </div><div id="a146084" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:37.9px;">Contingent Liabilities and Contingent<div style="display:inline-block;width:5.45px"> </div>Assets</div><div id="a146086" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:255.698px;top:38.2px;">, when:<div style="display:inline-block;width:4.65px"> </div>(i) UBS AG has a present<div style="display:inline-block;width:5.48px"> </div>obligation<div style="display:inline-block;width:5.27px"> </div>as a result of a past<div style="display:inline-block;width:5.05px"> </div>event; (ii) it </div><div id="a146100" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">is probable that an outflow<div style="display:inline-block;width:2.06px"> </div>of resources will be<div style="display:inline-block;width:2.25px"> </div>required to settle the<div style="display:inline-block;width:2.14px"> </div>obligation; and (iii) a reliable estimate<div style="display:inline-block;width:2.17px"> </div>of the amount </div><div id="a146104" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:68.9px;">of the obligation can be<div style="display:inline-block;width:5.04px"> </div>made.<div style="display:inline-block;width:3.59px"> </div></div><div id="a146106" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:92.1px;">The<div style="display:inline-block;width:5.88px"> </div>majority<div style="display:inline-block;width:5.48px"> </div>of<div style="display:inline-block;width:5.72px"> </div>UBS<div style="display:inline-block;width:6.03px"> </div>AG’s<div style="display:inline-block;width:5.88px"> </div>provisions<div style="display:inline-block;width:6.26px"> </div>relate<div style="display:inline-block;width:5.5px"> </div>to<div style="display:inline-block;width:5.72px"> </div>litigation,<div style="display:inline-block;width:6.14px"> </div>regulatory<div style="display:inline-block;width:5.75px"> </div>and<div style="display:inline-block;width:6.08px"> </div>similar<div style="display:inline-block;width:5.58px"> </div>matters,<div style="display:inline-block;width:5.69px"> </div>restructuring,<div style="display:inline-block;width:7.1px"> </div>and<div style="display:inline-block;width:6.08px"> </div>employee </div><div id="a146108" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.2px;">benefits.<div style="display:inline-block;width:5.82px"> </div>Restructuring<div style="display:inline-block;width:6.29px"> </div>provisions<div style="display:inline-block;width:6.26px"> </div>are<div style="display:inline-block;width:5.76px"> </div>generally<div style="display:inline-block;width:5.52px"> </div>recognized<div style="display:inline-block;width:6.06px"> </div>as<div style="display:inline-block;width:5.72px"> </div>a<div style="display:inline-block;width:5.67px"> </div>consequence<div style="display:inline-block;width:6.33px"> </div>of<div style="display:inline-block;width:5.72px"> </div>management<div style="display:inline-block;width:5.82px"> </div>agreeing<div style="display:inline-block;width:6.26px"> </div>to<div style="display:inline-block;width:5.72px"> </div>materially </div><div id="a146109" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:122.4px;">change the scope of the business<div style="display:inline-block;width:5.75px"> </div>or the manner in which it<div style="display:inline-block;width:5.01px"> </div>is conducted, including changes<div style="display:inline-block;width:6.02px"> </div>in management structures. </div><div id="a146110" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:138px;">Provisions<div style="display:inline-block;width:7.03px"> </div>for<div style="display:inline-block;width:6.52px"> </div>employee<div style="display:inline-block;width:6.57px"> </div>benefits<div style="display:inline-block;width:6.66px"> </div>relate<div style="display:inline-block;width:6.45px"> </div>mainly<div style="display:inline-block;width:6.73px"> </div>to<div style="display:inline-block;width:6.67px"> </div>service<div style="display:inline-block;width:6.48px"> </div>anniversaries<div style="display:inline-block;width:6.88px"> </div>and<div style="display:inline-block;width:7.03px"> </div>sabbatical<div style="display:inline-block;width:6.51px"> </div>leave,<div style="display:inline-block;width:6.42px"> </div>and<div style="display:inline-block;width:7.03px"> </div>are<div style="display:inline-block;width:6.71px"> </div>recognized<div style="display:inline-block;width:7.01px"> </div>in </div><div id="a146112" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:153.1px;">accordance with measurement principles set out in item 4<div style="display:inline-block;width:5.04px"> </div>in this Note. In addition, UBS AG presents expected credit loss </div><div id="a146115" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:168.3px;">allowances within </div><div id="a146116" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:110.898px;top:168px;">Provisions</div><div id="a146118" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:166.738px;top:168.3px;"><div style="display:inline-block;width:4.25px"> </div>if they relate<div style="display:inline-block;width:6.25px"> </div>to a loan<div style="display:inline-block;width:5.76px"> </div>commitment,<div style="display:inline-block;width:5.11px"> </div>financial guarantee<div style="display:inline-block;width:5.82px"> </div>contract or a<div style="display:inline-block;width:5.95px"> </div>revolving revocable </div><div id="a146120" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183.9px;">credit line. </div><div id="a146122" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:206.6px;">IAS 37 provisions are measured<div style="display:inline-block;width:1.96px"> </div>considering the best<div style="display:inline-block;width:1.8px"> </div>estimate<div style="display:inline-block;width:2.32px"> </div>of the consideration<div style="display:inline-block;width:2.07px"> </div>required to settle<div style="display:inline-block;width:1.52px"> </div>the present obligation </div><div id="a146125" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:221.7px;">at the balance sheet date.</div></div></div></div><div id="TextBlockContainer1078" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:602px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1068_XBRL_TS_68edafdb2c6b4e30848a6b5d2b74be68" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1069" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:60px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a146165" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">When conditions required to recognize a provision<div style="display:inline-block;width:5.13px"> </div>are not met, a contingent liability is disclosed, unless the likelihood of </div><div id="a146166" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">an outflow<div style="display:inline-block;width:6.28px"> </div>of resources<div style="display:inline-block;width:5.83px"> </div>is remote.<div style="display:inline-block;width:5.94px"> </div>Contingent liabilities<div style="display:inline-block;width:5.53px"> </div>are also<div style="display:inline-block;width:6.11px"> </div>disclosed<div style="display:inline-block;width:5.02px"> </div>for possible<div style="display:inline-block;width:6.17px"> </div>obligations<div style="display:inline-block;width:5.32px"> </div>that arise<div style="display:inline-block;width:5.47px"> </div>from past </div><div id="a146170" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">events, the<div style="display:inline-block;width:5.86px"> </div>existence of<div style="display:inline-block;width:5.92px"> </div>which will<div style="display:inline-block;width:5.83px"> </div>be confirmed<div style="display:inline-block;width:5.82px"> </div>only by<div style="display:inline-block;width:5.88px"> </div>uncertain future<div style="display:inline-block;width:5.96px"> </div>events not<div style="display:inline-block;width:5.93px"> </div>wholly within<div style="display:inline-block;width:6.02px"> </div>the control<div style="display:inline-block;width:6.06px"> </div>of UBS </div><div id="a146178" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.4px;">AG.</div></div></div><div id="a146178_3_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:27.164px;top:46.4px;"> </div><div id="a146181" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;"> </div><div id="div_1070_XBRL_TS_8585f52f5ee74981a2532069c356f7dd" style="position:absolute;left:8.793px;top:81.3px;float:left;"><div id="TextBlockContainer1071" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:219px;height:10px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a146182" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Critical accounting estimates and judgments</div></div></div><div id="div_1072_XBRL_TS_167dd752a43d459e83d0c7eecc483912" style="position:absolute;left:8.793px;top:103.3px;float:left;"><div id="TextBlockContainer1073" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:674px;height:90px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a146184" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:0px;">Recognition of provisions<div style="display:inline-block;width:4.85px"> </div>often involves significant<div style="display:inline-block;width:4.48px"> </div>judgment in assessing<div style="display:inline-block;width:4.21px"> </div>the existence of<div style="display:inline-block;width:4.18px"> </div>an obligation that<div style="display:inline-block;width:4.3px"> </div>results from<div style="display:inline-block;width:4.31px"> </div>past events and in<div style="display:inline-block;width:4.15px"> </div>estimating the </div><div id="a146188" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:13.3px;">probability,<div style="display:inline-block;width:5.18px"> </div>timing and<div style="display:inline-block;width:4.32px"> </div>amount of any<div style="display:inline-block;width:4.79px"> </div>outflows of<div style="display:inline-block;width:4.52px"> </div>resources.<div style="display:inline-block;width:4.22px"> </div>This is particularly<div style="display:inline-block;width:5.07px"> </div>the case<div style="display:inline-block;width:4.49px"> </div>for litigation,<div style="display:inline-block;width:4.51px"> </div>regulatory and<div style="display:inline-block;width:4.11px"> </div>similar matters,<div style="display:inline-block;width:4.51px"> </div>which, due<div style="display:inline-block;width:4.63px"> </div>to their </div><div id="a146193" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:27px;">nature, are<div style="display:inline-block;width:4.14px"> </div>subject to many uncertainties,<div style="display:inline-block;width:3.27px"> </div>making their outcome difficult to<div style="display:inline-block;width:4.27px"> </div>predict.<div style="display:inline-block;width:2.8px"> </div></div><div id="a146198" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:40.2px;">The amount<div style="display:inline-block;width:4.47px"> </div>of any<div style="display:inline-block;width:4.25px"> </div>provision recognized<div style="display:inline-block;width:4.43px"> </div>is sensitive<div style="display:inline-block;width:4.57px"> </div>to the assumptions<div style="display:inline-block;width:4.54px"> </div>used and<div style="display:inline-block;width:4.39px"> </div>there could<div style="display:inline-block;width:4.19px"> </div>be a wide<div style="display:inline-block;width:4.95px"> </div>range of possible<div style="display:inline-block;width:4.59px"> </div>outcomes for<div style="display:inline-block;width:4.25px"> </div>any particular </div><div id="a146200" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:53.5px;">matter. </div><div id="a146202" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:66.7px;">Management regularly reviews<div style="display:inline-block;width:4.45px"> </div>all the available information<div style="display:inline-block;width:4.48px"> </div>regarding such matters,<div style="display:inline-block;width:4.44px"> </div>including legal advice, to assess whether<div style="display:inline-block;width:4.69px"> </div>the recognition criteria<div style="display:inline-block;width:4.43px"> </div>for </div><div id="a146204" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:80px;">provisions have been satisfied and<div style="display:inline-block;width:4.62px"> </div>to determine the timing and amount of any potential<div style="display:inline-block;width:4.36px"> </div>outflows.</div></div></div><div id="a146207" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:192px;">›</div><div id="a146208" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:192.2px;"> </div><div id="a146209" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:196.8px;">Refer to Note 17<div style="display:inline-block;width:1.6px"> </div>for more information </div><div id="div_1074_XBRL_TS_5d5bad8acabf4e00887688534112f767" style="position:absolute;left:0px;top:229.6px;float:left;"><div id="TextBlockContainer1075" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:289px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a146214" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">10)<div style="display:inline-block;width:4.03px"> </div>Foreign currency translation </div><div id="a146218" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23px;">Transactions<div style="display:inline-block;width:5.56px"> </div>denominated in a foreign<div style="display:inline-block;width:5.23px"> </div>currency are translated into the<div style="display:inline-block;width:5.52px"> </div>functional currency of the reporting<div style="display:inline-block;width:5.55px"> </div>entity at the </div><div id="a146219" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.7px;">spot<div style="display:inline-block;width:5.06px"> </div>exchange rate<div style="display:inline-block;width:6.15px"> </div>on<div style="display:inline-block;width:5.13px"> </div>the date<div style="display:inline-block;width:5.88px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the transaction.<div style="display:inline-block;width:6.29px"> </div>At the<div style="display:inline-block;width:5.83px"> </div>balance<div style="display:inline-block;width:5.3px"> </div>sheet date,<div style="display:inline-block;width:6.5px"> </div>all monetary<div style="display:inline-block;width:6.26px"> </div>assets,<div style="display:inline-block;width:5.14px"> </div>including<div style="display:inline-block;width:5.7px"> </div>those<div style="display:inline-block;width:5.03px"> </div>at </div><div id="a146222" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">FVOCI,<div style="display:inline-block;width:5.03px"> </div>and<div style="display:inline-block;width:5.61px"> </div>monetary liabilities<div style="display:inline-block;width:6.48px"> </div>denominated<div style="display:inline-block;width:5.8px"> </div>in<div style="display:inline-block;width:5.3px"> </div>foreign<div style="display:inline-block;width:5.16px"> </div>currency are<div style="display:inline-block;width:6.54px"> </div>translated<div style="display:inline-block;width:5.75px"> </div>into<div style="display:inline-block;width:5.35px"> </div>the<div style="display:inline-block;width:5.25px"> </div>functional<div style="display:inline-block;width:5.29px"> </div>currency using<div style="display:inline-block;width:7.01px"> </div>the </div><div id="a146231" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:69.4px;">closing exchange rate. Translation<div style="display:inline-block;width:6.74px"> </div>differences are<div style="display:inline-block;width:5.56px"> </div>reported in </div><div id="a146234" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:356.965px;top:69.1px;">Other net income<div style="display:inline-block;width:5.19px"> </div>from financial instruments<div style="display:inline-block;width:5.35px"> </div>measured at </div><div id="a146236" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:84.3px;">fair value through profit or loss</div><div id="a146237" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:181.392px;top:84.5px;">. </div><div id="a146239" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.3px;">Non-monetary items measured<div style="display:inline-block;width:5.14px"> </div>at historical cost are translated at the exchange<div style="display:inline-block;width:5.38px"> </div>rate on the date of the<div style="display:inline-block;width:5.07px"> </div>transaction.<div style="display:inline-block;width:4.16px"> </div></div><div id="a146243" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:130px;">Upon consolidation,<div style="display:inline-block;width:0.65px"> </div>assets and<div style="display:inline-block;width:1.45px"> </div>liabilities<div style="display:inline-block;width:1.36px"> </div>of foreign<div style="display:inline-block;width:1.06px"> </div>operations<div style="display:inline-block;width:2.34px"> </div>are translated<div style="display:inline-block;width:1.03px"> </div>into<div style="display:inline-block;width:2.04px"> </div>US dollars,<div style="display:inline-block;width:1.68px"> </div>UBS<div style="display:inline-block;width:2.24px"> </div>AG’s presentation<div style="display:inline-block;width:0.88px"> </div>currency, </div><div id="a146251" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:145.1px;">at the closing exchange rate on the balance sheet date, and income and expense items and other comprehensive income </div><div id="a146252" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.7px;">are translated at<div style="display:inline-block;width:5.71px"> </div>the average<div style="display:inline-block;width:5.26px"> </div>rate for the<div style="display:inline-block;width:5.52px"> </div>period. The resulting<div style="display:inline-block;width:5.03px"> </div>foreign currency translation differences are<div style="display:inline-block;width:5.08px"> </div>recognized in </div><div id="a146254" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:175.6px;">Equity</div><div id="a146255" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:38.986px;top:175.8px;"><div style="display:inline-block;width:4.26px"> </div>and reclassified to the income<div style="display:inline-block;width:2px"> </div>statement when UBS AG disposes<div style="display:inline-block;width:2.09px"> </div>of, partially or in its entirety, the<div style="display:inline-block;width:2.09px"> </div>foreign operation </div><div id="a146257" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:191.5px;">and UBS AG no longer controls<div style="display:inline-block;width:1.45px"> </div>the foreign operation. </div><div id="a146263" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:214.2px;">Share<div style="display:inline-block;width:3.39px"> </div>capital issued,<div style="display:inline-block;width:2.14px"> </div>share premium and treasury<div style="display:inline-block;width:1.53px"> </div>shares held are translated<div style="display:inline-block;width:1.45px"> </div>at the historic average<div style="display:inline-block;width:2.31px"> </div>rate, with the<div style="display:inline-block;width:2.09px"> </div>difference </div><div id="a146272" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:229.3px;">between the historic average<div style="display:inline-block;width:2.25px"> </div>rate and the<div style="display:inline-block;width:2.34px"> </div>spot rate realized upon<div style="display:inline-block;width:1.94px"> </div>repayment of share<div style="display:inline-block;width:2px"> </div>capital or disposal of treasury<div style="display:inline-block;width:1.55px"> </div>shares </div><div id="a146280" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:244.4px;">reported as </div><div id="a146281" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:70.198px;top:244.2px;">Share premium.</div><div id="a146282" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:158.218px;top:244.4px;"><div style="display:inline-block;width:2.84px"> </div>Cumulative<div style="display:inline-block;width:2.2px"> </div>amounts<div style="display:inline-block;width:2.24px"> </div>recognized in </div><div id="a146285" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:356.018px;top:244.2px;">Other<div style="display:inline-block;width:2.16px"> </div>comprehensive<div style="display:inline-block;width:1.93px"> </div>income</div><div id="a146286" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:517.845px;top:244.4px;"><div style="display:inline-block;width:3.32px"> </div>in respect<div style="display:inline-block;width:1.13px"> </div>of cash<div style="display:inline-block;width:1.62px"> </div>flow hedges </div><div id="a146288" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:260.1px;">and financial assets measured<div style="display:inline-block;width:2.25px"> </div>at FVOCI are translated<div style="display:inline-block;width:1.87px"> </div>at the closing exchange rate as<div style="display:inline-block;width:1.62px"> </div>of the balance sheet dates, with<div style="display:inline-block;width:2.14px"> </div>any </div><div id="a146300" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:275.2px;">translation effects<div style="display:inline-block;width:2.08px"> </div>adjusted through </div><div id="a146301" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:206.485px;top:275px;">Retained earnings</div><div id="a146302" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:305.858px;top:275.2px;">.</div></div></div><div id="a146302_1_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:309.178px;top:504.8px;"> </div><div id="a146304" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:517px;">›</div><div id="a146305" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:517.2px;"> </div><div id="a146306" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:521.8px;">Refer to Note 32<div style="display:inline-block;width:1.6px"> </div>for more information </div><div id="div_1076_XBRL_TS_3e474168e44a458ca3793ea450ef384c" style="position:absolute;left:0px;top:549.9px;float:left;"><div id="TextBlockContainer1077" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:52px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a146313" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">11)<div style="display:inline-block;width:4.07px"> </div>Contracts on UBS Group AG shares </div><div id="a146321" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23.1px;">Contracts involving UBS Group<div style="display:inline-block;width:5.62px"> </div>AG shares that require net<div style="display:inline-block;width:5.52px"> </div>cash settlement, or provide<div style="display:inline-block;width:5.39px"> </div>the counterparty or<div style="display:inline-block;width:4.41px"> </div>UBS AG with </div><div id="a146330" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.2px;">a settlement option that includes a<div style="display:inline-block;width:5.1px"> </div>choice of settling net in cash, are<div style="display:inline-block;width:5.15px"> </div>classified as derivatives held<div style="display:inline-block;width:5.05px"> </div>for trading.</div></div></div></div> <div id="TextBlockContainer929" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:143px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a142130" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Basis of accounting </div><div id="a142132" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23.1px;">The Financial<div style="display:inline-block;width:5.67px"> </div>Statements have<div style="display:inline-block;width:5.89px"> </div>been<div style="display:inline-block;width:5.13px"> </div>prepared<div style="display:inline-block;width:5.51px"> </div>in accordance<div style="display:inline-block;width:5.49px"> </div>with International<div style="display:inline-block;width:5.63px"> </div>Financial Reporting<div style="display:inline-block;width:6.54px"> </div>Standards<div style="display:inline-block;width:5.32px"> </div>(IFRS), as </div><div id="a142133" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.2px;">issued by the International Accounting Standards<div style="display:inline-block;width:5.64px"> </div>Board (the IASB),<div style="display:inline-block;width:5.3px"> </div>and are presented in<div style="display:inline-block;width:5.05px"> </div>US dollars (USD). </div><div id="a142136" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61.4px;">Disclosures marked as audited in<div style="display:inline-block;width:5.06px"> </div>the “Risk, capital, liquidity and funding,<div style="display:inline-block;width:5.68px"> </div>and balance sheet” section of this report<div style="display:inline-block;width:5.14px"> </div>form </div><div id="a142142" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.5px;">an integral part of the Financial Statements. These disclosures relate to requirements under<div style="display:inline-block;width:5.06px"> </div>IFRS 7, </div><div id="a142146" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:563.285px;top:76.2px;">Financial Instruments: </div><div id="a142148" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:91.4px;">Disclosures,</div><div id="a142150" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:70.67px;top:91.7px;"><div style="display:inline-block;width:3.78px"> </div>and IAS 1, </div><div id="a142152" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:137.418px;top:91.4px;">Presentation of Financial Statements, </div><div id="a142155" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:350.352px;top:91.7px;">and are not repeated<div style="display:inline-block;width:5.17px"> </div>in this section.<div style="display:inline-block;width:3.84px"> </div></div><div id="a142157" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:114.4px;">The<div style="display:inline-block;width:5.4px"> </div>accounting<div style="display:inline-block;width:5.55px"> </div>policies<div style="display:inline-block;width:5.14px"> </div>described<div style="display:inline-block;width:5.87px"> </div>in<div style="display:inline-block;width:5.3px"> </div>this<div style="display:inline-block;width:5.2px"> </div>Note<div style="display:inline-block;width:5.4px"> </div>have<div style="display:inline-block;width:5.2px"> </div>been<div style="display:inline-block;width:5.61px"> </div>applied<div style="display:inline-block;width:5.6px"> </div>consistently<div style="display:inline-block;width:5.27px"> </div>in<div style="display:inline-block;width:5.3px"> </div>all<div style="display:inline-block;width:5.46px"> </div>years presented<div style="display:inline-block;width:7.07px"> </div>unless<div style="display:inline-block;width:5.6px"> </div>otherwise </div><div id="a142163" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:129.5px;">stated in Note 1b.</div></div> <div id="TextBlockContainer931" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:219px;height:10px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a142168" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Critical accounting estimates and judgments</div></div><div id="TextBlockContainer933" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:677px;height:197px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a142170" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:0px;">Preparation of these<div style="display:inline-block;width:0.71px"> </div>Financial<div style="display:inline-block;width:0.95px"> </div>Statements under<div style="display:inline-block;width:0.62px"> </div>IFRS requires<div style="display:inline-block;width:1.22px"> </div>management to<div style="display:inline-block;width:1.17px"> </div>apply judgment<div style="display:inline-block;width:0.92px"> </div>and make<div style="display:inline-block;width:1.09px"> </div>estimates<div style="display:inline-block;width:1.42px"> </div>and assumptions that<div style="display:inline-block;width:0.55px"> </div>affect reported<div style="display:inline-block;width:0.76px"> </div>amounts </div><div id="a142173" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:13.2px;">of assets, liabilities, income and expenses and disclosure,<div style="display:inline-block;width:1.53px"> </div>of contingent assets and liabilities, and may involve significant<div style="display:inline-block;width:0.82px"> </div>uncertainty at the time they are made. </div><div id="a142178" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:26.5px;">Such estimates and assumptions are based on the<div style="display:inline-block;width:4.53px"> </div>best available information. UBS AG regularly reassesses such estimates and assumptions, which encompass </div><div id="a142186" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:40.2px;">historical experience,<div style="display:inline-block;width:0.63px"> </div>expectations of the<div style="display:inline-block;width:1.17px"> </div>future and other pertinent<div style="display:inline-block;width:0.78px"> </div>factors, to<div style="display:inline-block;width:1.42px"> </div>determine their continuing<div style="display:inline-block;width:0.37px"> </div>relevance based on current<div style="display:inline-block;width:1.36px"> </div>conditions,<div style="display:inline-block;width:1.4px"> </div>updating them </div><div id="a142188" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:53.5px;">as necessary.<div style="display:inline-block;width:4.93px"> </div>Changes in those<div style="display:inline-block;width:4.61px"> </div>estimates and assumptions<div style="display:inline-block;width:4.23px"> </div>may have<div style="display:inline-block;width:4.19px"> </div>a significant effect<div style="display:inline-block;width:4.68px"> </div>on the<div style="display:inline-block;width:4.56px"> </div>Financial Statements. Furthermore, actual results may<div style="display:inline-block;width:5.21px"> </div>differ </div><div id="a142192" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:66.7px;">significantly<div style="display:inline-block;width:1.42px"> </div>from UBS AG’s estimates,<div style="display:inline-block;width:0.78px"> </div>which could result<div style="display:inline-block;width:0.95px"> </div>in significant<div style="display:inline-block;width:0.85px"> </div>losses to UBS AG,<div style="display:inline-block;width:1.23px"> </div>beyond what was<div style="display:inline-block;width:1.08px"> </div>anticipated or provided<div style="display:inline-block;width:0.79px"> </div>for.<div style="display:inline-block;width:3.17px"> </div></div><div id="a142200" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:79.9px;">The<div style="display:inline-block;width:4.41px"> </div>following<div style="display:inline-block;width:4.27px"> </div>areas<div style="display:inline-block;width:4.12px"> </div>contain<div style="display:inline-block;width:4.48px"> </div>estimation<div style="display:inline-block;width:4.09px"> </div>uncertainty<div style="display:inline-block;width:4.1px"> </div>or require<div style="display:inline-block;width:5.79px"> </div>critical<div style="display:inline-block;width:4.2px"> </div>judgment and<div style="display:inline-block;width:5.65px"> </div>have<div style="display:inline-block;width:4.26px"> </div>a significant<div style="display:inline-block;width:5.04px"> </div>effect<div style="display:inline-block;width:4.29px"> </div>on amounts<div style="display:inline-block;width:5.96px"> </div>recognized<div style="display:inline-block;width:4.43px"> </div>in<div style="display:inline-block;width:4.09px"> </div>the Financial </div><div id="a142203" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:93.2px;">Statements:<div style="display:inline-block;width:3.27px"> </div></div><div id="a142205" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:106.8px;">–</div><div id="a142206" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:8.882px;top:106.8px;"> </div><div id="a142207" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:106.9px;">expected credit loss measurement<div style="display:inline-block;width:4.45px"> </div>(refer to item 2g in this Note and<div style="display:inline-block;width:4.42px"> </div>to Note 19); </div><div id="a142213" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:120.1px;">–</div><div id="a142214" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:8.882px;top:120px;"> </div><div id="a142215" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:120.1px;">fair value measurement (refer<div style="display:inline-block;width:4.31px"> </div>to item 2f in this Note and to<div style="display:inline-block;width:4.16px"> </div>Note 20); </div><div id="a142222" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:133.3px;">–</div><div id="a142223" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:8.882px;top:133.3px;"> </div><div id="a142224" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:133.4px;">income taxes (refer to item<div style="display:inline-block;width:4.36px"> </div>6 in this Note and to Note 8); </div><div id="a142230" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:146.6px;">–</div><div id="a142231" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:8.882px;top:146.6px;"> </div><div id="a142232" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:146.7px;">provisions and contingent liabilities<div style="display:inline-block;width:4.54px"> </div>(refer to item 9 in this Note and to Note<div style="display:inline-block;width:4.12px"> </div>17); </div><div id="a142242" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:159.8px;">–</div><div id="a142243" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:8.882px;top:159.8px;"> </div><div id="a142244" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:159.9px;">post-employment benefit plans<div style="display:inline-block;width:4.31px"> </div>(refer to item 5 in this Note and to Note 2<div style="display:inline-block;width:1.51px"> </div>6); </div><div id="a142257" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:173.5px;">–</div><div id="a142258" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:8.882px;top:173.5px;"> </div><div id="a142259" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:173.6px;">goodwill (refer<div style="display:inline-block;width:4.11px"> </div>to item 8 in this Note and to Note 12); and </div><div id="a142267" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:186.8px;">–</div><div id="a142268" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:8.882px;top:186.7px;"> </div><div id="a142269" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:186.9px;">consolidation of structured<div style="display:inline-block;width:4.24px"> </div>entities (refer to item 1 in this<div style="display:inline-block;width:4.17px"> </div>Note and to Note 28).</div></div> <div id="TextBlockContainer935" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:212px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a142276" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">1) Consolidation </div><div id="a142278" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23.5px;">The<div style="display:inline-block;width:5.88px"> </div>Financial<div style="display:inline-block;width:5.36px"> </div>Statements<div style="display:inline-block;width:6.35px"> </div>include<div style="display:inline-block;width:6.38px"> </div>the<div style="display:inline-block;width:5.72px"> </div>financial<div style="display:inline-block;width:5.88px"> </div>statements<div style="display:inline-block;width:5.83px"> </div>of<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:5.82px"> </div>UBS<div style="display:inline-block;width:6.03px"> </div>AG<div style="display:inline-block;width:5.75px"> </div>and<div style="display:inline-block;width:6.08px"> </div>its<div style="display:inline-block;width:5.47px"> </div>subsidiaries,<div style="display:inline-block;width:6.07px"> </div>presented<div style="display:inline-block;width:6.26px"> </div>as<div style="display:inline-block;width:5.72px"> </div>a<div style="display:inline-block;width:5.67px"> </div>single </div><div id="a142286" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.6px;">economic entity;<div style="display:inline-block;width:5.01px"> </div>intercompany transactions<div style="display:inline-block;width:5.8px"> </div>and balances<div style="display:inline-block;width:5.38px"> </div>have been eliminated.<div style="display:inline-block;width:5.23px"> </div>UBS AG<div style="display:inline-block;width:5.48px"> </div>consolidates all entities<div style="display:inline-block;width:5.28px"> </div>that it </div><div id="a142294" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:54.2px;">controls,<div style="display:inline-block;width:5.12px"> </div>including<div style="display:inline-block;width:5.23px"> </div>structured<div style="display:inline-block;width:5.28px"> </div>entities (SEs),<div style="display:inline-block;width:6.35px"> </div>which<div style="display:inline-block;width:5.59px"> </div>is the<div style="display:inline-block;width:6.25px"> </div>case when<div style="display:inline-block;width:6.14px"> </div>it has<div style="display:inline-block;width:1.59px"> </div>:<div style="display:inline-block;width:4.83px"> </div>(i) power<div style="display:inline-block;width:5.32px"> </div>over<div style="display:inline-block;width:5.05px"> </div>the relevant<div style="display:inline-block;width:6.6px"> </div>activities<div style="display:inline-block;width:5.17px"> </div>of the </div><div id="a142301" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:69.4px;">entity;<div style="display:inline-block;width:3.51px"> </div>(ii) exposure to<div style="display:inline-block;width:5.05px"> </div>an entity‘s variable returns;<div style="display:inline-block;width:4.87px"> </div>and (iii) the ability to use its power<div style="display:inline-block;width:5.31px"> </div>to affect its own returns. </div><div id="a142318" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:92.1px;">Consideration is<div style="display:inline-block;width:5.48px"> </div>given to all<div style="display:inline-block;width:5.35px"> </div>facts and circumstances to<div style="display:inline-block;width:5.74px"> </div>determine whether UBS<div style="display:inline-block;width:5.88px"> </div>AG has power<div style="display:inline-block;width:5.15px"> </div>over another entity,<div style="display:inline-block;width:4.43px"> </div>i.e., </div><div id="a142329" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.2px;">the current ability to direct the relevant activities<div style="display:inline-block;width:5.22px"> </div>of an entity when decisions<div style="display:inline-block;width:5.31px"> </div>about those activities need to be<div style="display:inline-block;width:5.21px"> </div>made.<div style="display:inline-block;width:4.35px"> </div></div><div id="a142331" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:130.4px;">Subsidiaries,<div style="display:inline-block;width:5.54px"> </div>including<div style="display:inline-block;width:5.7px"> </div>SEs,<div style="display:inline-block;width:5.36px"> </div>are consolidated<div style="display:inline-block;width:6.83px"> </div>from<div style="display:inline-block;width:5.18px"> </div>the date<div style="display:inline-block;width:6.35px"> </div>when<div style="display:inline-block;width:5.24px"> </div>control<div style="display:inline-block;width:5.43px"> </div>is g<div style="display:inline-block;width:1.49px"> </div>ained<div style="display:inline-block;width:5.02px"> </div>and<div style="display:inline-block;width:5.61px"> </div>deconsolidated<div style="display:inline-block;width:5.43px"> </div>from<div style="display:inline-block;width:5.18px"> </div>the<div style="display:inline-block;width:5.25px"> </div>date </div><div id="a142335" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:145.6px;">when control ceases. Control,<div style="display:inline-block;width:5.06px"> </div>or the lack thereof, is reassessed if facts and circumstances<div style="display:inline-block;width:5.43px"> </div>indicate that there is a change </div><div id="a142336" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.7px;">to one or more elements required<div style="display:inline-block;width:5.58px"> </div>to establish that control is present. </div><div id="a142341" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183.4px;">Business<div style="display:inline-block;width:5.38px"> </div>combinations<div style="display:inline-block;width:5.07px"> </div>are accounted<div style="display:inline-block;width:6.21px"> </div>for using<div style="display:inline-block;width:6.23px"> </div>the acquisition<div style="display:inline-block;width:6.49px"> </div>method.<div style="display:inline-block;width:5.13px"> </div>The amount<div style="display:inline-block;width:5.81px"> </div>of any<div style="display:inline-block;width:5.83px"> </div>non-controlling<div style="display:inline-block;width:5.87px"> </div>interest is </div><div id="a142345" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:198.5px;">measured at the non-controlling<div style="display:inline-block;width:5.32px"> </div>interest’s proportionate share<div style="display:inline-block;width:5.14px"> </div>of the acquiree’s identifiable net assets.</div></div><div id="TextBlockContainer937" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:219px;height:10px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a142360" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Critical accounting estimates and judgments</div></div><div id="TextBlockContainer939" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:674px;height:64px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a142363" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:0px;">Each individual<div style="display:inline-block;width:4.24px"> </div>entity is assessed<div style="display:inline-block;width:4.48px"> </div>for consolidation in line<div style="display:inline-block;width:4.69px"> </div>with the aforementioned<div style="display:inline-block;width:4.41px"> </div>consolidation principles. The<div style="display:inline-block;width:4.13px"> </div>assessment of<div style="display:inline-block;width:4.63px"> </div>control can be<div style="display:inline-block;width:4.27px"> </div>complex and </div><div id="a142366" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:13.2px;">requires<div style="display:inline-block;width:4.56px"> </div>the use<div style="display:inline-block;width:4.56px"> </div>of significant<div style="display:inline-block;width:4.48px"> </div>judgment,<div style="display:inline-block;width:4.26px"> </div>in particular<div style="display:inline-block;width:4.65px"> </div>in determining<div style="display:inline-block;width:4.9px"> </div>whether UBS<div style="display:inline-block;width:4.93px"> </div>AG has power<div style="display:inline-block;width:5.01px"> </div>over the<div style="display:inline-block;width:4.49px"> </div>entity.<div style="display:inline-block;width:4.8px"> </div>As the<div style="display:inline-block;width:4.64px"> </div>nature and<div style="display:inline-block;width:4.89px"> </div>extent of<div style="display:inline-block;width:4.97px"> </div>UBS AG’s </div><div id="a142381" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:26.5px;">involvement is unique<div style="display:inline-block;width:4.37px"> </div>for each entity,<div style="display:inline-block;width:4.54px"> </div>there is no<div style="display:inline-block;width:4.18px"> </div>uniform consolidation outcome<div style="display:inline-block;width:4.14px"> </div>by entity.<div style="display:inline-block;width:4.31px"> </div>Certain entities within a class<div style="display:inline-block;width:4.16px"> </div>may be consolidated<div style="display:inline-block;width:4.55px"> </div>while others </div><div id="a142389" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:40.2px;">may not.<div style="display:inline-block;width:4.13px"> </div>When carrying out<div style="display:inline-block;width:4.35px"> </div>the consolidation assessment,<div style="display:inline-block;width:4.69px"> </div>judgment is exercised<div style="display:inline-block;width:4.66px"> </div>considering all the relevant<div style="display:inline-block;width:5.21px"> </div>facts and circumstances,<div style="display:inline-block;width:4.36px"> </div>including<div style="display:inline-block;width:4.24px"> </div>the nature </div><div id="a142394" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:53.5px;">and activities of the investee, as well as<div style="display:inline-block;width:4.25px"> </div>the substance of voting and similar rights.</div></div> <div id="TextBlockContainer941" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:68px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a142404" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">2)<div style="display:inline-block;width:3.83px"> </div>Financial instruments </div><div id="a142407" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:23.5px;">a. Recognition </div><div id="a142410" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.7px;">UBS AG<div style="display:inline-block;width:5.27px"> </div>recognizes financial<div style="display:inline-block;width:6.22px"> </div>instruments when<div style="display:inline-block;width:5.8px"> </div>it becomes<div style="display:inline-block;width:5.34px"> </div>a party<div style="display:inline-block;width:5.95px"> </div>to contractual<div style="display:inline-block;width:5.47px"> </div>provisions<div style="display:inline-block;width:5.31px"> </div>of an<div style="display:inline-block;width:5.2px"> </div>instrument. UBS<div style="display:inline-block;width:5.77px"> </div>AG </div><div id="a142424" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:54.3px;">applies settlement date accounting<div style="display:inline-block;width:5.22px"> </div>to all standard purchases<div style="display:inline-block;width:5.27px"> </div>and sales of non-derivative financial instruments.</div></div><div id="TextBlockContainer946" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:830px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_944_XBRL_TS_744b9bbfc13347a2a28eb7095776aae3" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer945" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:830px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a142467" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">In<div style="display:inline-block;width:6.72px"> </div>transactions<div style="display:inline-block;width:6.63px"> </div>where<div style="display:inline-block;width:7.04px"> </div>UBS<div style="display:inline-block;width:6.5px"> </div>AG<div style="display:inline-block;width:6.22px"> </div>acts<div style="display:inline-block;width:6.31px"> </div>as<div style="display:inline-block;width:6.71px"> </div>a<div style="display:inline-block;width:6.62px"> </div>transferee,<div style="display:inline-block;width:6.6px"> </div>to<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:6.67px"> </div>extent<div style="display:inline-block;width:6.41px"> </div>the<div style="display:inline-block;width:6.67px"> </div>financial<div style="display:inline-block;width:6.38px"> </div>asset<div style="display:inline-block;width:6.57px"> </div>transfer<div style="display:inline-block;width:6.26px"> </div>does<div style="display:inline-block;width:7.07px"> </div>not<div style="display:inline-block;width:6.4px"> </div>qualify<div style="display:inline-block;width:6.46px"> </div>for </div><div id="a142484" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">derecognition by the transferor,<div style="display:inline-block;width:5.27px"> </div>UBS AG does not recognize<div style="display:inline-block;width:4.64px"> </div>the transferred instrument as<div style="display:inline-block;width:5.14px"> </div>its asset. </div><div id="a142495" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:38.3px;">UBS<div style="display:inline-block;width:5.59px"> </div>AG<div style="display:inline-block;width:5.25px"> </div>also<div style="display:inline-block;width:5.35px"> </div>acts in<div style="display:inline-block;width:6.52px"> </div>a<div style="display:inline-block;width:5.2px"> </div>fiduciary<div style="display:inline-block;width:5.63px"> </div>capacity,<div style="display:inline-block;width:5.39px"> </div>which<div style="display:inline-block;width:5.4px"> </div>results<div style="display:inline-block;width:5.33px"> </div>in<div style="display:inline-block;width:5.48px"> </div>it<div style="display:inline-block;width:5.42px"> </div>holding<div style="display:inline-block;width:6px"> </div>or<div style="display:inline-block;width:5.25px"> </div>placing<div style="display:inline-block;width:5.4px"> </div>assets<div style="display:inline-block;width:5.2px"> </div>on<div style="display:inline-block;width:5.61px"> </div>behalf<div style="display:inline-block;width:5.35px"> </div>of<div style="display:inline-block;width:5.25px"> </div>individuals,<div style="display:inline-block;width:5.54px"> </div>trusts, </div><div id="a142504" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:53.5px;">retirement benefit<div style="display:inline-block;width:6.06px"> </div>plans<div style="display:inline-block;width:5.08px"> </div>and other<div style="display:inline-block;width:5.81px"> </div>institutions. Unless<div style="display:inline-block;width:6.55px"> </div>these items<div style="display:inline-block;width:5.52px"> </div>meet the<div style="display:inline-block;width:5.52px"> </div>definition<div style="display:inline-block;width:5.39px"> </div>of an<div style="display:inline-block;width:5.56px"> </div>asset and<div style="display:inline-block;width:5.82px"> </div>the recognition </div><div id="a142507" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:69.1px;">criteria are<div style="display:inline-block;width:5.47px"> </div>satisfied,<div style="display:inline-block;width:5.15px"> </div>they are<div style="display:inline-block;width:5.74px"> </div>not recognized<div style="display:inline-block;width:6.42px"> </div>on<div style="display:inline-block;width:5.13px"> </div>UBS AG’s<div style="display:inline-block;width:5.99px"> </div>balance sheet<div style="display:inline-block;width:5.98px"> </div>and<div style="display:inline-block;width:5.13px"> </div>the related<div style="display:inline-block;width:5.45px"> </div>income is<div style="display:inline-block;width:5.73px"> </div>excluded<div style="display:inline-block;width:5.3px"> </div>from the </div><div id="a142522" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:84.2px;">Financial Statements.<div style="display:inline-block;width:4.8px"> </div></div><div id="a142527" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:106.9px;">Client cash balances associated with derivatives<div style="display:inline-block;width:5.81px"> </div>clearing and execution services are not<div style="display:inline-block;width:5.68px"> </div>recognized on the balance<div style="display:inline-block;width:5.03px"> </div>sheet </div><div id="a142528" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:122.1px;">if, through<div style="display:inline-block;width:5.62px"> </div>contractual agreement, regulation<div style="display:inline-block;width:5.87px"> </div>or practice,<div style="display:inline-block;width:5.03px"> </div>UBS AG<div style="display:inline-block;width:5.27px"> </div>neither obtains<div style="display:inline-block;width:5.23px"> </div>benefits from nor<div style="display:inline-block;width:5.69px"> </div>controls such<div style="display:inline-block;width:5.56px"> </div>cash </div><div id="a142537" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:137.7px;">balances. </div><div id="a142539" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:160.4px;">b. Classification, measurement and<div style="display:inline-block;width:5.29px"> </div>presentation </div><div id="a142544" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#E60000;left:4.905px;top:182.9px;">Financial assets<div style="display:inline-block;width:7.88px"> </div></div><div id="a142548" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:198.2px;">Where the contractual<div style="display:inline-block;width:5.69px"> </div>terms of a<div style="display:inline-block;width:5.05px"> </div>debt instrument<div style="display:inline-block;width:5.02px"> </div>result in cash<div style="display:inline-block;width:5.16px"> </div>flows that are<div style="display:inline-block;width:5.49px"> </div>solely payments of principal<div style="display:inline-block;width:5.29px"> </div>and interest </div><div id="a142550" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:213.4px;">(SPPI) on<div style="display:inline-block;width:5.34px"> </div>the principal amount<div style="display:inline-block;width:6.27px"> </div>outstanding,<div style="display:inline-block;width:5.27px"> </div>the debt<div style="display:inline-block;width:5.17px"> </div>instrument is<div style="display:inline-block;width:5.19px"> </div>classified as measured<div style="display:inline-block;width:6.42px"> </div>at amortized<div style="display:inline-block;width:5.26px"> </div>cost if it<div style="display:inline-block;width:5.74px"> </div>is held </div><div id="a142555" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:229px;">within a business model that has an objective of holding financial assets to collect contractual cash<div style="display:inline-block;width:5.08px"> </div>flows, or at fair value </div><div id="a142557" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:244.1px;">through other<div style="display:inline-block;width:5.4px"> </div>comprehensive income<div style="display:inline-block;width:5.06px"> </div>(FVOCI) if it<div style="display:inline-block;width:5.27px"> </div>is held<div style="display:inline-block;width:5.08px"> </div>within a<div style="display:inline-block;width:5.2px"> </div>business model<div style="display:inline-block;width:5.16px"> </div>with the objective being<div style="display:inline-block;width:5.75px"> </div>achieved by </div><div id="a142559" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:259.7px;">both collecting contractual cash flows<div style="display:inline-block;width:5.12px"> </div>and selling financial assets.<div style="display:inline-block;width:5.17px"> </div></div><div id="a142561" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:282.5px;">All other<div style="display:inline-block;width:6.3px"> </div>financial assets<div style="display:inline-block;width:6.46px"> </div>are measured<div style="display:inline-block;width:6.72px"> </div>at fair<div style="display:inline-block;width:6.31px"> </div>value<div style="display:inline-block;width:5.1px"> </div>through<div style="display:inline-block;width:5.67px"> </div>profit or<div style="display:inline-block;width:5.44px"> </div>loss (<div style="display:inline-block;width:1.92px"> </div>FVTPL), including<div style="display:inline-block;width:7.04px"> </div>those<div style="display:inline-block;width:5.03px"> </div>held<div style="display:inline-block;width:5.03px"> </div>for trading<div style="display:inline-block;width:5.87px"> </div>or </div><div id="a142569" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:297.6px;">those<div style="display:inline-block;width:5.53px"> </div>managed<div style="display:inline-block;width:5.66px"> </div>on<div style="display:inline-block;width:5.61px"> </div>a<div style="display:inline-block;width:5.2px"> </div>fair value<div style="display:inline-block;width:6.21px"> </div>basis,<div style="display:inline-block;width:5.5px"> </div>except<div style="display:inline-block;width:5.79px"> </div>for<div style="display:inline-block;width:5.1px"> </div>derivatives<div style="display:inline-block;width:5.48px"> </div>designated<div style="display:inline-block;width:5.8px"> </div>in<div style="display:inline-block;width:5.3px"> </div>a<div style="display:inline-block;width:5.2px"> </div>hedge<div style="display:inline-block;width:5.81px"> </div>relationship,<div style="display:inline-block;width:5.78px"> </div>in<div style="display:inline-block;width:5.3px"> </div>which<div style="display:inline-block;width:5.4px"> </div>case<div style="display:inline-block;width:5.05px"> </div>hedge </div><div id="a142571" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:312.7px;">accounting requirements apply (refer to item<div style="display:inline-block;width:5.31px"> </div>2j in this Note for more information).<div style="display:inline-block;width:5.63px"> </div></div><div id="a142575" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:335.7px;">Business model assessment and<div style="display:inline-block;width:5.48px"> </div>contractual cash flow characteristics<div style="display:inline-block;width:4.74px"> </div></div><div id="a142581" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:351.1px;">UBS<div style="display:inline-block;width:5.12px"> </div>AG determines<div style="display:inline-block;width:5.72px"> </div>the nature<div style="display:inline-block;width:6.17px"> </div>of a<div style="display:inline-block;width:5.45px"> </div>business<div style="display:inline-block;width:5.42px"> </div>model by<div style="display:inline-block;width:5.45px"> </div>considering<div style="display:inline-block;width:5.23px"> </div>the way<div style="display:inline-block;width:5.73px"> </div>financial assets<div style="display:inline-block;width:5.51px"> </div>are managed<div style="display:inline-block;width:6.32px"> </div>to achieve<div style="display:inline-block;width:5.52px"> </div>a </div><div id="a142589" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:366.2px;">particular business objective.<div style="display:inline-block;width:4.96px"> </div></div><div id="a142591" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:389.4px;">In assessing whether contractual<div style="display:inline-block;width:2.17px"> </div>cash flows are SPPI, the<div style="display:inline-block;width:2.31px"> </div>UBS AG considers whether the<div style="display:inline-block;width:1.83px"> </div>contractual terms of the<div style="display:inline-block;width:2.12px"> </div>financial </div><div id="a142597" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:404.5px;">asset<div style="display:inline-block;width:5.62px"> </div>contain<div style="display:inline-block;width:5.82px"> </div>a<div style="display:inline-block;width:5.67px"> </div>term<div style="display:inline-block;width:5.69px"> </div>that<div style="display:inline-block;width:5.57px"> </div>could<div style="display:inline-block;width:5.98px"> </div>change<div style="display:inline-block;width:6.08px"> </div>the<div style="display:inline-block;width:5.72px"> </div>timing<div style="display:inline-block;width:5.56px"> </div>or<div style="display:inline-block;width:5.72px"> </div>amount<div style="display:inline-block;width:5.98px"> </div>of<div style="display:inline-block;width:5.72px"> </div>contractual<div style="display:inline-block;width:5.79px"> </div>cash<div style="display:inline-block;width:6.2px"> </div>flows<div style="display:inline-block;width:5.77px"> </div>arising<div style="display:inline-block;width:5.77px"> </div>over<div style="display:inline-block;width:5.52px"> </div>the<div style="display:inline-block;width:5.72px"> </div>life<div style="display:inline-block;width:5.31px"> </div>of<div style="display:inline-block;width:5.72px"> </div>the </div><div id="a142598" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:419.7px;">instrument. This assessment includes<div style="display:inline-block;width:5.6px"> </div>contractual cash flows that<div style="display:inline-block;width:5.19px"> </div>may vary due to environmental,<div style="display:inline-block;width:5.44px"> </div>social and governance </div><div id="a142600" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:434.8px;">(ESG) triggers. </div><div id="a142603" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#E60000;left:4.905px;top:457.7px;">Financial liabilities<div style="display:inline-block;width:4.53px"> </div></div><div id="a142607" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:480.4px;">Financial liabilities measured at amortized<div style="display:inline-block;width:5.51px"> </div>cost<div style="display:inline-block;width:7.46px"> </div></div><div id="a142613" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:495.8px;">Financial liabilities<div style="display:inline-block;width:5.41px"> </div>measured at<div style="display:inline-block;width:5.54px"> </div>amortized cost<div style="display:inline-block;width:5.79px"> </div>include </div><div id="a142614" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:319.578px;top:495.6px;">Debt issued<div style="display:inline-block;width:5.43px"> </div>measured at<div style="display:inline-block;width:5.3px"> </div>amortized cost</div><div id="a142615" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:550.005px;top:495.8px;"><div style="display:inline-block;width:4.29px"> </div>and </div><div id="a142617" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:580.312px;top:495.6px;">Funding from<div style="display:inline-block;width:5.28px"> </div>UBS </div><div id="a142618" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:510.7px;">Group<div style="display:inline-block;width:6.02px"> </div>AG</div><div id="a142619" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:65.469px;top:511px;"> </div><div id="a142620" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:71.144px;top:510.7px;">measured<div style="display:inline-block;width:5.82px"> </div>at<div style="display:inline-block;width:5.52px"> </div>amortized<div style="display:inline-block;width:5.79px"> </div>cost</div><div id="a142621" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:233.912px;top:511px;">.<div style="display:inline-block;width:5.81px"> </div>The<div style="display:inline-block;width:5.88px"> </div>latter<div style="display:inline-block;width:5.58px"> </div>includes<div style="display:inline-block;width:5.92px"> </div>contingent<div style="display:inline-block;width:6.07px"> </div>capital<div style="display:inline-block;width:5.79px"> </div>instruments<div style="display:inline-block;width:6.14px"> </div>issued<div style="display:inline-block;width:6.07px"> </div>to<div style="display:inline-block;width:5.72px"> </div>UBS<div style="display:inline-block;width:6.03px"> </div>Group<div style="display:inline-block;width:6.26px"> </div>AG </div><div id="a142624" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:526.6px;">containing<div style="display:inline-block;width:5.21px"> </div>contractual provisions<div style="display:inline-block;width:6.47px"> </div>under<div style="display:inline-block;width:5.18px"> </div>which the<div style="display:inline-block;width:5.56px"> </div>principal amounts<div style="display:inline-block;width:6.07px"> </div>would be<div style="display:inline-block;width:6.12px"> </div>written down<div style="display:inline-block;width:5.76px"> </div>or converted<div style="display:inline-block;width:5.72px"> </div>into equity </div><div id="a142628" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:541.7px;">upon<div style="display:inline-block;width:6.48px"> </div>either<div style="display:inline-block;width:5.47px"> </div>a<div style="display:inline-block;width:5.67px"> </div>specified<div style="display:inline-block;width:5.66px"> </div>common<div style="display:inline-block;width:5.77px"> </div>equity<div style="display:inline-block;width:5.62px"> </div>tier 1<div style="display:inline-block;width:6.11px"> </div>(CET1)<div style="display:inline-block;width:6.16px"> </div>ratio<div style="display:inline-block;width:5.47px"> </div>breach<div style="display:inline-block;width:5.96px"> </div>or<div style="display:inline-block;width:5.78px"> </div>a<div style="display:inline-block;width:5.67px"> </div>determination<div style="display:inline-block;width:6.61px"> </div>by<div style="display:inline-block;width:5.74px"> </div>the<div style="display:inline-block;width:5.75px"> </div>Swiss<div style="display:inline-block;width:5.77px"> </div>Financial<div style="display:inline-block;width:5.36px"> </div>Market </div><div id="a142639" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:556.8px;">Supervisory Authority<div style="display:inline-block;width:5.23px"> </div>(FINMA) that a<div style="display:inline-block;width:5.57px"> </div>viability event has occurred.<div style="display:inline-block;width:5.67px"> </div>Such contractual provisions<div style="display:inline-block;width:5.83px"> </div>are not<div style="display:inline-block;width:5.17px"> </div>derivatives, as the </div><div id="a142646" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:572.5px;">underlying is deemed to be<div style="display:inline-block;width:5.09px"> </div>a non-financial variable specific to a party to<div style="display:inline-block;width:5.16px"> </div>the contract.<div style="display:inline-block;width:4.69px"> </div></div><div id="a142651" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:595.2px;">If a debt were to be written down or converted into equity in<div style="display:inline-block;width:5.14px"> </div>a future period, it would be partially or fully derecognized, </div><div id="a142655" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:610.3px;">with<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:6.2px"> </div>difference<div style="display:inline-block;width:6.26px"> </div>between<div style="display:inline-block;width:6.5px"> </div>its<div style="display:inline-block;width:5.94px"> </div>carrying<div style="display:inline-block;width:5.74px"> </div>amount<div style="display:inline-block;width:6.45px"> </div>and<div style="display:inline-block;width:6.55px"> </div>the<div style="display:inline-block;width:5.72px"> </div>fair<div style="display:inline-block;width:5.74px"> </div>value<div style="display:inline-block;width:6.04px"> </div>of<div style="display:inline-block;width:6.2px"> </div>any<div style="display:inline-block;width:6.15px"> </div>equity<div style="display:inline-block;width:6.09px"> </div>issued<div style="display:inline-block;width:6.55px"> </div>recognized<div style="display:inline-block;width:6.06px"> </div>in<div style="display:inline-block;width:6.25px"> </div>the<div style="display:inline-block;width:5.72px"> </div>income </div><div id="a142656" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:625.9px;">statement.<div style="display:inline-block;width:4.03px"> </div></div><div id="a142659" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:648.6px;">A gain or loss is recognized<div style="display:inline-block;width:5.81px"> </div>in </div><div id="a142661" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:178.552px;top:648.4px;">Other income</div><div id="a142662" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:256.645px;top:648.6px;"><div style="display:inline-block;width:3.79px"> </div>when debt issued<div style="display:inline-block;width:5.15px"> </div>is subsequently repurchased<div style="display:inline-block;width:5.89px"> </div>for market-making or<div style="display:inline-block;width:5.08px"> </div>other </div><div id="a142666" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:663.8px;">activities. A subsequent<div style="display:inline-block;width:5.18px"> </div>sale of own bonds in the market is treated as a reissuance<div style="display:inline-block;width:5.28px"> </div>of debt. </div><div id="a142668" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:686.2px;">Financial liabilities measured at fair value<div style="display:inline-block;width:5.3px"> </div>through profit or loss<div style="display:inline-block;width:8.42px"> </div></div><div id="a142673" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:701.6px;">UBS AG designates certain<div style="display:inline-block;width:5.04px"> </div>issued debt instruments as financial<div style="display:inline-block;width:5.57px"> </div>liabilities at fair value through<div style="display:inline-block;width:5.84px"> </div>profit or loss, on the<div style="display:inline-block;width:5.08px"> </div>basis </div><div id="a142678" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:717.2px;">that such financial instruments include non<div style="display:inline-block;width:1.82px"> </div>-closely-related embedded derivatives that<div style="display:inline-block;width:5.27px"> </div>significantly impact the cash flows </div><div id="a142686" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:732.4px;">of the instrument<div style="display:inline-block;width:5.92px"> </div>and /<div style="display:inline-block;width:5.34px"> </div>or are<div style="display:inline-block;width:5.44px"> </div>managed on<div style="display:inline-block;width:5.69px"> </div>a fair value<div style="display:inline-block;width:5.37px"> </div>basis (refer<div style="display:inline-block;width:5.86px"> </div>to the table<div style="display:inline-block;width:5.93px"> </div>below for<div style="display:inline-block;width:5.13px"> </div>more information).<div style="display:inline-block;width:6.11px"> </div>Financial </div><div id="a142687" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:748px;">instruments<div style="display:inline-block;width:8.97px"> </div>including<div style="display:inline-block;width:9.48px"> </div>embedded<div style="display:inline-block;width:9.64px"> </div>derivatives<div style="display:inline-block;width:8.79px"> </div>arise<div style="display:inline-block;width:8.78px"> </div>predominantly<div style="display:inline-block;width:9.84px"> </div>from<div style="display:inline-block;width:9.44px"> </div>the<div style="display:inline-block;width:9.03px"> </div>issuance<div style="display:inline-block;width:9.18px"> </div>of<div style="display:inline-block;width:9.03px"> </div>certain<div style="display:inline-block;width:8.57px"> </div>structured<div style="display:inline-block;width:9.54px"> </div>debt </div><div id="a142688" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:763.1px;">instruments.<div style="display:inline-block;width:4.41px"> </div></div><div id="a142691" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#E60000;left:4.905px;top:785.6px;">Measurement and presentation<div style="display:inline-block;width:8.64px"> </div></div><div id="a142693" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:801px;">After initial<div style="display:inline-block;width:5.61px"> </div>recognition,<div style="display:inline-block;width:5.84px"> </div>UBS<div style="display:inline-block;width:5.15px"> </div>AG classifies,<div style="display:inline-block;width:5.44px"> </div>measures<div style="display:inline-block;width:5.43px"> </div>and<div style="display:inline-block;width:5.13px"> </div>presents<div style="display:inline-block;width:5.16px"> </div>its financial<div style="display:inline-block;width:5.78px"> </div>assets<div style="display:inline-block;width:5.2px"> </div>and<div style="display:inline-block;width:5.13px"> </div>liabilities in<div style="display:inline-block;width:5.35px"> </div>accordance<div style="display:inline-block;width:5.29px"> </div>with </div><div id="a142701" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:816.6px;">IFRS 9, as described in the table<div style="display:inline-block;width:5.07px"> </div>below.</div></div></div></div><div id="TextBlockContainer949" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:312px;height:10px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a142745" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Classification, measurement<div style="display:inline-block;width:4.18px"> </div>and presentation of financial assets</div></div><div id="TextBlockContainer951" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:563px;height:206px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a142749" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Financial assets classification </div><div id="a142753" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:162.675px;top:0px;">Significant items included </div><div id="a142755" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:406.848px;top:0px;">Measurement and<div style="display:inline-block;width:4.1px"> </div>presentation </div><div id="a142757" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:21.7px;">Measured at<div style="display:inline-block;width:3.19px"> </div></div><div id="a142759" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:34.1px;">amortized cost </div><div id="a142761" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:22px;">This classification includes: </div><div id="a142763" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:37.6px;">–</div><div id="a142764" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.875px;top:37.5px;"> </div><div id="a142765" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:37.6px;">cash and balances at central banks; </div><div id="a142768" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:52.7px;">–</div><div id="a142769" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.875px;top:52.6px;"> </div><div id="a142770" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:52.7px;">loans and advances to banks; </div><div id="a142773" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:67.9px;">–</div><div id="a142774" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.875px;top:67.8px;"> </div><div id="a142775" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:67.9px;">receivables from<div style="display:inline-block;width:4.27px"> </div>securities financing transactions; </div><div id="a142779" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:83.5px;">–</div><div id="a142780" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.875px;top:83.4px;"> </div><div id="a142781" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:83.5px;">cash collateral receivables<div style="display:inline-block;width:4.13px"> </div>on derivative </div><div id="a142782" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:95.3px;">instruments; </div><div id="a142785" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:110.9px;">–</div><div id="a142786" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.875px;top:110.8px;"> </div><div id="a142787" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:110.9px;">residential and<div style="display:inline-block;width:4.1px"> </div>commercial mortgages; </div><div id="a142790" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:126.1px;">–</div><div id="a142791" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.875px;top:126px;"> </div><div id="a142792" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:126.1px;">corporate loans; </div><div id="a142795" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:141.7px;">–</div><div id="a142796" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.875px;top:141.6px;"> </div><div id="a142797" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:141.7px;">secured loans, including Lombard<div style="display:inline-block;width:4.64px"> </div>loans, and </div><div id="a142798" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:153.5px;">unsecured loans; </div><div id="a142801" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:168.7px;">–</div><div id="a142802" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.875px;top:168.5px;"> </div><div id="a142803" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:168.7px;">loans to financial advisors;<div style="display:inline-block;width:4.06px"> </div>and </div><div id="a142806" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:184.3px;">–</div><div id="a142807" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.875px;top:184.2px;"> </div><div id="a142808" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:184.3px;">debt securities held as high<div style="display:inline-block;width:1.6px"> </div>-quality liquid assets </div><div id="a142812" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.048px;top:196.1px;">(HQLA).<div style="display:inline-block;width:2.84px"> </div></div></div><div id="TextBlockContainer956" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:671px;height:417px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_954_XBRL_TS_6d08af737f7c42a49a678116f0c5383a_1" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer955" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:671px;height:417px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a142816" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:0px;">Measured at amortized<div style="display:inline-block;width:4.11px"> </div>cost using the effective interest </div><div id="a142817" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:12.3px;">method less allowances<div style="display:inline-block;width:4.15px"> </div>for expected credit losses (ECL) </div><div id="a142818" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:24.1px;">(refer to items 2d and 2g in<div style="display:inline-block;width:4.38px"> </div>this Note for more information). </div><div id="a142828" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:54.9px;">The following items are recognized<div style="display:inline-block;width:4.73px"> </div>in the income </div><div id="a142830" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:66.7px;">statement: </div><div id="a142832" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:82.3px;">–</div><div id="a142833" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:412.048px;top:82.2px;"> </div><div id="a142834" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:418.195px;top:82.3px;">interest income, which is<div style="display:inline-block;width:4.11px"> </div>accounted for in accordance </div><div id="a142835" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:418.195px;top:94.1px;">with item 2d in this Note; </div><div id="a142841" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:109.3px;">–</div><div id="a142842" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:412.048px;top:109.2px;"> </div><div id="a142843" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:418.195px;top:109.3px;">ECL and reversals;<div style="display:inline-block;width:4.02px"> </div>and </div><div id="a142846" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:124.9px;">–</div><div id="a142847" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:412.048px;top:124.8px;"> </div><div id="a142848" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:418.195px;top:124.9px;">foreign exchange (FX)<div style="display:inline-block;width:4.1px"> </div>translation gains and losses. </div><div id="a142855" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:155.7px;">When a financial asset at amortized<div style="display:inline-block;width:4.44px"> </div>cost is derecognized, </div><div id="a142859" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:167.5px;">the gain or loss is recognized<div style="display:inline-block;width:4.43px"> </div>in the income statement. </div><div id="a142863" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:198.2px;">For amounts arising from<div style="display:inline-block;width:4.4px"> </div>settlement of certain derivatives, </div><div id="a142866" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:210.1px;">see below in this table.<div style="display:inline-block;width:3.65px"> </div></div><div id="a142870" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:233.5px;">Measured at </div><div id="a142871" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:245.8px;">FVOCI<div style="display:inline-block;width:3.1px"> </div></div><div id="a142873" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.915px;top:233.7px;">Debt </div><div id="a142874" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.915px;top:246px;">instruments </div><div id="a142875" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.915px;top:257.8px;">measured at </div><div id="a142876" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.915px;top:269.7px;">FVOCI </div><div id="a142878" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:233.7px;">This classification primarily includes<div style="display:inline-block;width:4.33px"> </div>debt securities </div><div id="a142879" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.675px;top:246px;">and certain asset-backed securities<div style="display:inline-block;width:4.23px"> </div>held as HQLA. </div><div id="a142884" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:233.7px;">Measured at fair value<div style="display:inline-block;width:1.42px"> </div>,<div style="display:inline-block;width:2.92px"> </div>with unrealized gains and losses </div><div id="a142888" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:246px;">reported in </div><div id="a142889" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:457.475px;top:245.8px;">Other comprehensive income, </div><div id="a142890" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:588.062px;top:246px;">net of applicable </div><div id="a142891" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:257.8px;">income taxes, until such investments<div style="display:inline-block;width:4.4px"> </div>are derecognized. </div><div id="a142892" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:269.7px;">Upon derecognition, any accumulated<div style="display:inline-block;width:4.47px"> </div>balances in </div><div id="a142894" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:623.088px;top:269.5px;">Other </div><div id="a142895" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:406.848px;top:281.8px;">comprehensive income </div><div id="a142896" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:507.635px;top:282px;">are reclassified to the income </div><div id="a142897" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:293.8px;">statement and reported<div style="display:inline-block;width:4.26px"> </div>within </div><div id="a142898" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:540.768px;top:293.6px;">Other income. </div><div id="a142901" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:324.5px;">The following items, which are<div style="display:inline-block;width:4.31px"> </div>determined on the same </div><div id="a142903" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:336.4px;">basis as for financial assets measured<div style="display:inline-block;width:4.25px"> </div>at amortized cost, are </div><div id="a142906" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:348.7px;">recognized in the income<div style="display:inline-block;width:4.26px"> </div>statement: </div><div id="a142909" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:363.8px;">–</div><div id="a142910" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:412.048px;top:363.7px;"> </div><div id="a142911" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:418.195px;top:363.8px;">interest income, which is<div style="display:inline-block;width:4.11px"> </div>accounted for in accordance </div><div id="a142912" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:418.195px;top:375.7px;">with item 2d in this Note; </div><div id="a142918" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:391.3px;">–</div><div id="a142919" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:412.048px;top:391.1px;"> </div><div id="a142920" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:418.195px;top:391.3px;">ECL and reversals; and </div><div id="a142922" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:406.848px;top:406.4px;">–</div><div id="a142923" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:412.048px;top:406.3px;"> </div><div id="a142924" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:418.195px;top:406.4px;">FX translation gains and losses.</div></div></div></div><div id="TextBlockContainer960" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:583px;height:210px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_958_XBRL_TS_61d562ffbd7a4c40942d1ad832f66589" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer959" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:583px;height:210px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a142967" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Classification, measurement<div style="display:inline-block;width:4.18px"> </div>and presentation of financial assets<div style="display:inline-block;width:3.59px"> </div></div><div id="a142971" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:7.463px;top:27.5px;">Financial assets classification </div><div id="a142976" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:162.672px;top:27.5px;">Significant items included </div><div id="a142978" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:427.179px;top:27.5px;">Measurement and<div style="display:inline-block;width:4.1px"> </div>presentation </div><div id="a142980" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:7.463px;top:49.2px;">Measured at </div><div id="a142981" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:7.463px;top:61.5px;">FVTPL </div><div id="a142983" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:78.462px;top:49.4px;">Held for<div style="display:inline-block;width:3.14px"> </div></div><div id="a142985" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:78.462px;top:61.8px;">trading </div><div id="a142987" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.672px;top:49.4px;">Financial assets held for<div style="display:inline-block;width:4.16px"> </div>trading include: </div><div id="a142989" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.672px;top:65.1px;">–</div><div id="a142990" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.872px;top:65px;"> </div><div id="a142991" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.019px;top:65.1px;">all derivatives with a positive<div style="display:inline-block;width:4.1px"> </div>replacement value, except </div><div id="a142992" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.019px;top:76.9px;">those that are designated<div style="display:inline-block;width:4.16px"> </div>and effective hedging </div><div id="a142994" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.019px;top:88.7px;">instruments; and </div><div id="a142998" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.672px;top:104.3px;">–</div><div id="a142999" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:167.872px;top:104.2px;"> </div><div id="a143000" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.019px;top:104.3px;">other financial assets acquired<div style="display:inline-block;width:4.18px"> </div>principally for the </div><div id="a143001" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.019px;top:116.2px;">purpose of selling or repurchasing<div style="display:inline-block;width:4.32px"> </div>in the near term, or </div><div id="a143002" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.019px;top:128.5px;">that are part of a portfolio<div style="display:inline-block;width:4.16px"> </div>of identified financial </div><div id="a143004" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.019px;top:140.3px;">instruments that are managed<div style="display:inline-block;width:4.57px"> </div>together and for which </div><div id="a143005" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.019px;top:152.1px;">there is evidence of a recent<div style="display:inline-block;width:4.14px"> </div>actual pattern of short-</div><div id="a143007" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.019px;top:164.4px;">term profit taking. Included<div style="display:inline-block;width:4.34px"> </div>in this category are debt </div><div id="a143008" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.019px;top:176.3px;">instruments (including those<div style="display:inline-block;width:4.13px"> </div>in the form of securities, </div><div id="a143009" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.019px;top:188.6px;">money market paper,<div style="display:inline-block;width:3.6px"> </div>and traded corporate and bank </div><div id="a143014" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.019px;top:200.4px;">loans) and equity instruments.<div style="display:inline-block;width:3.6px"> </div></div></div></div></div><div id="TextBlockContainer964" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:609px;height:475px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_962_XBRL_TS_61d562ffbd7a4c40942d1ad832f66589_1" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer963" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:609px;height:475px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a143016" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:0px;">Measured at fair value<div style="display:inline-block;width:1.43px"> </div>,<div style="display:inline-block;width:2.91px"> </div>with changes recognized in the </div><div id="a143021" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:12.3px;">income statement. </div><div id="a143025" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:43px;">Derivative assets (including<div style="display:inline-block;width:4.16px"> </div>derivatives that are designated </div><div id="a143026" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:54.9px;">and effective hedging instruments)<div style="display:inline-block;width:4.17px"> </div>are generally </div><div id="a143027" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:66.7px;">presented as </div><div id="a143029" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:409.65px;top:66.5px;">Derivative financial instruments</div><div id="a143030" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:542.156px;top:66.7px;">, except those </div><div id="a143031" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:79px;">exchange-traded derivatives (ETD)<div style="display:inline-block;width:4.27px"> </div>and over-the-counter </div><div id="a143043" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:90.8px;">(OTC)-cleared derivatives that are<div style="display:inline-block;width:4.42px"> </div>legally settled on a daily </div><div id="a143051" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:102.7px;">basis or economically net<div style="display:inline-block;width:4.31px"> </div>settled on a daily basis, which </div><div id="a143054" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:114.9px;">are presented within </div><div id="a143055" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:443.73px;top:114.8px;">Cash collateral receivables on </div><div id="a143056" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:352.396px;top:126.6px;">derivative instruments.</div><div id="a143059" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:157.5px;">Changes in fair value, initial transaction<div style="display:inline-block;width:4.54px"> </div>costs, dividends </div><div id="a143062" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:169.4px;">and gains and losses arising<div style="display:inline-block;width:4.1px"> </div>on disposal or redemption are </div><div id="a143066" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:181.7px;">recognized in </div><div id="a143067" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:412.97px;top:181.5px;">Other net income from financial </div><div id="a143069" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:352.396px;top:193.3px;">instruments measured at fair value<div style="display:inline-block;width:4.2px"> </div>through profit or loss, </div><div id="a143075" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:205.3px;">except interest income on instruments<div style="display:inline-block;width:4.5px"> </div>other than </div><div id="a143076" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:217.6px;">derivatives (refer to item 2d<div style="display:inline-block;width:4.43px"> </div>in this Note), interest on </div><div id="a143081" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:229.5px;">derivatives designated as hedging<div style="display:inline-block;width:4.21px"> </div>instruments in hedges </div><div id="a143083" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:241.8px;">of interest rate risk and<div style="display:inline-block;width:4.17px"> </div>forward points on certain short- </div><div id="a143089" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:253.6px;">and long-duration FX contracts acting<div style="display:inline-block;width:4.16px"> </div>as economic </div><div id="a143098" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:265.4px;">hedges, which are reported<div style="display:inline-block;width:4.54px"> </div>in </div><div id="a143100" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:483.49px;top:265.2px;">Net interest income.<div style="display:inline-block;width:2.95px"> </div></div><div id="a143103" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:296.2px;">Changes in the fair<div style="display:inline-block;width:4.14px"> </div>value of derivatives that are </div><div id="a143108" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:308.5px;">designated and effective<div style="display:inline-block;width:4.26px"> </div>hedging instruments are </div><div id="a143110" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:320.3px;">presented either in the income<div style="display:inline-block;width:4.36px"> </div>statement or </div><div id="a143112" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:543.583px;top:320.1px;">Other </div><div id="a143113" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:352.396px;top:331.9px;">comprehensive income</div><div id="a143114" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:450.823px;top:332.1px;">, depending on the type of hedge </div><div id="a143117" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:344.4px;">relationship (refer<div style="display:inline-block;width:4.37px"> </div>to item 2j<div style="display:inline-block;width:2.75px"> </div>in this Note for more </div><div id="a143123" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.396px;top:356.3px;">information). </div><div id="a143125" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:174.6px;">Mandatorily </div><div id="a143126" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:186.4px;">measured at </div><div id="a143127" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:198.7px;">FVTPL – Other </div><div id="a143132" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:174.6px;">This classification includes financial asset<div style="display:inline-block;width:1.65px"> </div>s<div style="display:inline-block;width:2.79px"> </div>mandatorily </div><div id="a143138" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:186.4px;">measured at FVTPL that are<div style="display:inline-block;width:4.21px"> </div>not held for trading, as </div><div id="a143145" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:198.7px;">follows:<div style="display:inline-block;width:2.86px"> </div></div><div id="a143148" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:213.9px;">–</div><div id="a143149" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:93.09px;top:213.7px;"> </div><div id="a143150" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:213.9px;">certain structured loans, certain<div style="display:inline-block;width:4.27px"> </div>commercial loans, and </div><div id="a143153" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:225.7px;">receivables from<div style="display:inline-block;width:4.26px"> </div>securities financing transactions that </div><div id="a143157" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:238px;">are managed on a fair<div style="display:inline-block;width:4.26px"> </div>value basis;<div style="display:inline-block;width:2.68px"> </div></div><div id="a143161" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:253.1px;">–</div><div id="a143162" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:93.09px;top:253px;"> </div><div id="a143163" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:253.1px;">loans managed on a fair<div style="display:inline-block;width:4.29px"> </div>value basis,<div style="display:inline-block;width:2.62px"> </div>including those </div><div id="a143170" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:265.4px;">hedged with credit derivatives<div style="display:inline-block;width:1.53px"> </div>; </div><div id="a143173" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:280.6px;">–</div><div id="a143174" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:93.09px;top:280.5px;"> </div><div id="a143175" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:280.6px;">certain debt securities held as HQLA and<div style="display:inline-block;width:4.38px"> </div>managed on a </div><div id="a143177" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:292.4px;">fair value basis;<div style="display:inline-block;width:3.14px"> </div></div><div id="a143181" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:308px;">–</div><div id="a143182" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:93.09px;top:307.9px;"> </div><div id="a143183" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:308px;">certain investment fund holdings<div style="display:inline-block;width:4.21px"> </div>and assets held to </div><div id="a143185" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:319.8px;">hedge delivery obligations related<div style="display:inline-block;width:4.4px"> </div>to cash-settled </div><div id="a143188" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:331.6px;">employee compensation plans;<div style="display:inline-block;width:3.6px"> </div></div><div id="a143192" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:347.2px;">–</div><div id="a143193" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:93.09px;top:347.1px;"> </div><div id="a143194" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:347.2px;">brokerage receivables,<div style="display:inline-block;width:4.38px"> </div>for which contractual cash flows </div><div id="a143196" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:359.1px;">do not meet the SPPI criterion<div style="display:inline-block;width:4.25px"> </div>because the aggregate </div><div id="a143202" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:371.4px;">balance is accounted for as a<div style="display:inline-block;width:4.27px"> </div>single unit of account, </div><div id="a143206" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:383.2px;">with interest being calculated<div style="display:inline-block;width:4.1px"> </div>on the individual </div><div id="a143207" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:395px;">components; </div><div id="a143210" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:410.6px;">–</div><div id="a143211" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:93.09px;top:410.5px;"> </div><div id="a143212" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:410.6px;">auction rate securities, for<div style="display:inline-block;width:4.21px"> </div>which contractual cash flows </div><div id="a143215" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:422.5px;">do not meet the SPPI criterion<div style="display:inline-block;width:4.25px"> </div>because interest may be </div><div id="a143219" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:434.8px;">reset at rates that contain leverage<div style="display:inline-block;width:1.54px"> </div>; </div><div id="a143222" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:449.9px;">–</div><div id="a143223" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:93.09px;top:449.8px;"> </div><div id="a143224" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:449.9px;">equity instruments;<div style="display:inline-block;width:3.59px"> </div>and </div><div id="a143228" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:87.89px;top:465.1px;">–</div><div id="a143229" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:93.09px;top:465px;"> </div><div id="a143230" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:99.236px;top:465.1px;">assets held under unit-linked investment<div style="display:inline-block;width:4.51px"> </div>contracts.</div></div></div></div><div id="TextBlockContainer968" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:583px;height:198px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_966_XBRL_TS_d594c370da8049739fb2613edaed5099" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer967" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:583px;height:198px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a143276" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Classification, measurement<div style="display:inline-block;width:4.18px"> </div>and presentation of financial liabilities<div style="display:inline-block;width:3.97px"> </div></div><div id="a143280" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:7.463px;top:27.5px;">Financial liabilities classification </div><div id="a143285" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:172.126px;top:27.5px;">Significant items included </div><div id="a143287" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:427.179px;top:27.5px;">Measurement and<div style="display:inline-block;width:4.1px"> </div>presentation </div><div id="a143289" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:7.463px;top:49.2px;">Measured at amortized cost </div><div id="a143295" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:49.4px;">This classification includes: </div><div id="a143298" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:65.1px;">–</div><div id="a143299" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:177.326px;top:65px;"> </div><div id="a143300" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:183.512px;top:65.1px;">demand and time deposits;<div style="display:inline-block;width:3.87px"> </div></div><div id="a143302" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:80.2px;">–</div><div id="a143303" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:177.326px;top:80.1px;"> </div><div id="a143304" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:183.512px;top:80.2px;">retail savings / deposits; </div><div id="a143306" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:95.8px;">–</div><div id="a143307" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:177.326px;top:95.7px;"> </div><div id="a143308" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:183.512px;top:95.8px;">sweep deposits; </div><div id="a143310" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:111px;">–</div><div id="a143311" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:177.326px;top:110.9px;"> </div><div id="a143312" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:183.512px;top:111px;">payables<div style="display:inline-block;width:3.3px"> </div>from securities financing transactions<div style="display:inline-block;width:1.44px"> </div>;<div style="display:inline-block;width:2.44px"> </div></div><div id="a143318" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:126.1px;">–</div><div id="a143319" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:177.326px;top:126px;"> </div><div id="a143320" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:183.512px;top:126.1px;">non-structured debt<div style="display:inline-block;width:4.12px"> </div>issued;<div style="display:inline-block;width:2.53px"> </div></div><div id="a143326" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:141.7px;">–</div><div id="a143327" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:177.326px;top:141.6px;"> </div><div id="a143328" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:183.512px;top:141.7px;">subordinated debt;<div style="display:inline-block;width:3.79px"> </div></div><div id="a143330" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:156.8px;">–</div><div id="a143331" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:177.326px;top:156.7px;"> </div><div id="a143332" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:183.512px;top:156.8px;">commercial paper and<div style="display:inline-block;width:4.19px"> </div>certificates of deposit;<div style="display:inline-block;width:2.85px"> </div></div><div id="a143334" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:172.5px;">–</div><div id="a143335" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:177.326px;top:172.4px;"> </div><div id="a143336" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:183.512px;top:172.5px;">obligations against funding<div style="display:inline-block;width:4.27px"> </div>from UBS Group AG; and </div><div id="a143338" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.126px;top:187.6px;">–</div><div id="a143339" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:177.326px;top:187.5px;"> </div><div id="a143340" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:183.512px;top:187.6px;">cash collateral payables on derivative<div style="display:inline-block;width:4.25px"> </div>instruments. </div></div></div></div><div id="TextBlockContainer972" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:680px;height:516px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_970_XBRL_TS_d594c370da8049739fb2613edaed5099_1" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer971" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:680px;height:516px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a143342" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:0px;">Measured at amortized<div style="display:inline-block;width:4.11px"> </div>cost using the effective interest </div><div id="a143345" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:12.3px;">method. </div><div id="a143348" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:43px;">When a financial liability at amortized<div style="display:inline-block;width:4.22px"> </div>cost is </div><div id="a143353" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:54.9px;">derecognized, the gain<div style="display:inline-block;width:4.25px"> </div>or loss is recognized in the income </div><div id="a143354" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:66.7px;">statement.<div style="display:inline-block;width:3.03px"> </div></div><div id="a143357" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:97.5px;">Interest Income generated<div style="display:inline-block;width:4.19px"> </div>from client deposits </div><div id="a143358" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:109.3px;">derecognized pursuant<div style="display:inline-block;width:4.24px"> </div>to certain deposit sweep programs </div><div id="a143359" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:121.6px;">is presented within </div><div id="a143360" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:507.168px;top:121.4px;">Net interest income from financial </div><div id="a143361" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:423.395px;top:133.2px;">instruments measured at fair value<div style="display:inline-block;width:4.23px"> </div>through profit or loss </div><div id="a143363" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:423.395px;top:145.5px;">and other</div><div id="a143364" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:465.515px;top:145.7px;">. </div><div id="a143366" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:169.1px;">Measured at </div><div id="a143367" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:180.9px;">FVTPL </div><div id="a143369" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:74.678px;top:169.4px;">Held for trading </div><div id="a143371" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:169.4px;">Financial liabilities held for trading include: </div><div id="a143373" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:184.5px;">–</div><div id="a143374" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:173.542px;top:184.4px;"> </div><div id="a143375" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:184.5px;">all derivatives with a negative replacement<div style="display:inline-block;width:4.84px"> </div>value </div><div id="a143376" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:196.3px;">(including certain loan commitments)<div style="display:inline-block;width:1.72px"> </div>,<div style="display:inline-block;width:2.44px"> </div>except those </div><div id="a143380" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:208.7px;">that are designated and<div style="display:inline-block;width:4.17px"> </div>effective hedging </div><div id="a143381" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:220.5px;">instruments; and </div><div id="a143383" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:235.6px;">–</div><div id="a143384" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:173.542px;top:235.5px;"> </div><div id="a143385" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:235.6px;">obligations to deliver financial<div style="display:inline-block;width:4.15px"> </div>instruments, such as </div><div id="a143386" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:247.9px;">debt and equity instruments,<div style="display:inline-block;width:4.3px"> </div>that UBS AG has sold to </div><div id="a143391" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:259.7px;">third parties but does not<div style="display:inline-block;width:4.16px"> </div>own (short positions). </div><div id="a143393" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:169.4px;">Measurement and presentati<div style="display:inline-block;width:1.94px"> </div>on of financial liabilities </div><div id="a143399" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:181.2px;">classified at FVTPL follow the<div style="display:inline-block;width:4.34px"> </div>same principles as for </div><div id="a143400" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:193px;">financial assets classified at FVTPL, except<div style="display:inline-block;width:4.35px"> </div>that the amount </div><div id="a143401" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:205.3px;">of change in the fair value of a<div style="display:inline-block;width:4.17px"> </div>financial liability </div><div id="a143405" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:217.2px;">designated at FVTPL that is<div style="display:inline-block;width:4.16px"> </div>attributable to changes in UBS </div><div id="a143408" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:229px;">AG’s own credit risk is<div style="display:inline-block;width:4.23px"> </div>presented in </div><div id="a143412" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:577.182px;top:228.8px;">Other comprehensive </div><div id="a143413" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:423.395px;top:241.1px;">income</div><div id="a143414" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:455.115px;top:241.3px;"><div style="display:inline-block;width:2.36px"> </div>directly within </div><div id="a143416" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:520.408px;top:241.1px;">Retained earnings </div><div id="a143417" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:599.448px;top:241.3px;">and is never </div><div id="a143418" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:253.1px;">reclassified to the income<div style="display:inline-block;width:4.19px"> </div>statement. </div><div id="a143422" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:283.9px;">Derivative liabilities (including derivatives<div style="display:inline-block;width:4.48px"> </div>that are </div><div id="a143425" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:295.7px;">designated and effective<div style="display:inline-block;width:4.26px"> </div>hedging instruments) are </div><div id="a143428" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:308px;">generally presented as </div><div id="a143429" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:521.822px;top:307.8px;">Derivative financial instruments,</div><div id="a143432" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:319.8px;">except those exchange<div style="display:inline-block;width:1.4px"> </div>-traded and OTC-cleared </div><div id="a143437" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:331.6px;">derivatives that are legally settled<div style="display:inline-block;width:4.36px"> </div>on a daily basis or </div><div id="a143442" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:343.9px;">economically net settled on a<div style="display:inline-block;width:4.12px"> </div>daily basis, which are </div><div id="a143446" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:423.395px;top:355.8px;">presented within </div><div id="a143447" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:498.182px;top:355.6px;">Cash collateral payables on derivative </div><div id="a143448" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:423.395px;top:367.9px;">instruments. </div><div id="a143450" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:74.678px;top:283.4px;">Designated at </div><div id="a143451" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:74.678px;top:295.7px;">FVTPL </div><div id="a143453" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:283.4px;">UBS AG designates<div style="display:inline-block;width:3.58px"> </div>at FVTPL the following financial </div><div id="a143461" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:295.7px;">liabilities: </div><div id="a143463" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:168.342px;top:311.7px;">–</div><div id="a143464" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:173.542px;top:311.7px;"> </div><div id="a143465" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:311.8px;">issued hybrid debt instruments<div style="display:inline-block;width:4.13px"> </div>that primarily include </div><div id="a143466" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:324.5px;">equity-linked, credit<div style="display:inline-block;width:1.46px"> </div>-linked and rates-linked bonds or </div><div id="a143473" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:336.8px;">notes; </div><div id="a143475" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:348.7px;">–</div><div id="a143476" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:173.542px;top:348.6px;"> </div><div id="a143477" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:348.7px;">issued debt instruments managed<div style="display:inline-block;width:4.12px"> </div>on a fair value </div><div id="a143479" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:361px;">basis; </div><div id="a143482" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:376.1px;">–</div><div id="a143483" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:173.542px;top:376px;"> </div><div id="a143484" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:376.1px;">obligations against funding<div style="display:inline-block;width:4.27px"> </div>from UBS Group AG </div><div id="a143486" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:387.9px;">managed on a fair value basis<div style="display:inline-block;width:1.44px"> </div>; </div><div id="a143489" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:403.5px;">–</div><div id="a143490" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:173.542px;top:403.4px;"> </div><div id="a143491" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:403.5px;">certain payables from<div style="display:inline-block;width:4.23px"> </div>securities financing </div><div id="a143494" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:415.4px;">transactions; </div><div id="a143496" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:431px;">–</div><div id="a143497" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:173.542px;top:430.9px;"> </div><div id="a143498" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:431px;">amounts due under unit<div style="display:inline-block;width:1.42px"> </div>-linked investment contracts, </div><div id="a143505" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:442.8px;">the cash flows of which are<div style="display:inline-block;width:4.39px"> </div>linked to financial assets </div><div id="a143510" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:454.7px;">measured at FVTPL and eliminate<div style="display:inline-block;width:4.28px"> </div>an accounting </div><div id="a143511" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:466.9px;">mismatch;<div style="display:inline-block;width:3.24px"> </div>and </div><div id="a143514" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.342px;top:482.1px;">–</div><div id="a143515" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:173.542px;top:482px;"> </div><div id="a143516" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:482.1px;">brokerage payables, which arise<div style="display:inline-block;width:4.48px"> </div>in conjunction with </div><div id="a143518" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:494.4px;">brokerage receivables<div style="display:inline-block;width:4.3px"> </div>and are measured at FVTPL to </div><div id="a143520" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.728px;top:506.2px;">achieve measurement consistency.</div></div></div></div> <div id="TextBlockContainer975" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:44px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a143563" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Loan<div style="display:inline-block;width:9.19px"> </div>commitments<div style="display:inline-block;width:8.84px"> </div>are<div style="display:inline-block;width:9.54px"> </div>arrangements<div style="display:inline-block;width:9.03px"> </div>to<div style="display:inline-block;width:9.03px"> </div>provide<div style="display:inline-block;width:9.37px"> </div>credit<div style="display:inline-block;width:9.29px"> </div>under<div style="display:inline-block;width:9.44px"> </div>defined<div style="display:inline-block;width:9.33px"> </div>terms<div style="display:inline-block;width:9.05px"> </div>and<div style="display:inline-block;width:9.71px"> </div>conditions.<div style="display:inline-block;width:9.11px"> </div>Irrevocable<div style="display:inline-block;width:8.71px"> </div>loan </div><div id="a143565" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.2px;">commitments<div style="display:inline-block;width:5.53px"> </div>are<div style="display:inline-block;width:5.76px"> </div>classified<div style="display:inline-block;width:5.31px"> </div>as:<div style="display:inline-block;width:5.36px"> </div>(i) derivative<div style="display:inline-block;width:5.76px"> </div>loan<div style="display:inline-block;width:5.98px"> </div>commitments<div style="display:inline-block;width:5.53px"> </div>measured<div style="display:inline-block;width:5.59px"> </div>at<div style="display:inline-block;width:5.52px"> </div>fair<div style="display:inline-block;width:5.74px"> </div>value<div style="display:inline-block;width:5.57px"> </div>through<div style="display:inline-block;width:6.15px"> </div>profit<div style="display:inline-block;width:5.28px"> </div>or<div style="display:inline-block;width:5.25px"> </div>loss;<div style="display:inline-block;width:5.5px"> </div>(ii) loan </div><div id="a143570" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">commitments<div style="display:inline-block;width:6.47px"> </div>designated<div style="display:inline-block;width:6.75px"> </div>at<div style="display:inline-block;width:5.99px"> </div>fair<div style="display:inline-block;width:5.74px"> </div>value<div style="display:inline-block;width:6.04px"> </div>through<div style="display:inline-block;width:7.09px"> </div>profit<div style="display:inline-block;width:6.23px"> </div>or<div style="display:inline-block;width:6.2px"> </div>loss;<div style="display:inline-block;width:6.45px"> </div>or<div style="display:inline-block;width:6.2px"> </div>(iii) loan<div style="display:inline-block;width:6.7px"> </div>commitments<div style="display:inline-block;width:6px"> </div>not<div style="display:inline-block;width:6.4px"> </div>measured<div style="display:inline-block;width:6.53px"> </div>at<div style="display:inline-block;width:5.99px"> </div>fair<div style="display:inline-block;width:5.86px"> </div>value.</div></div> <div id="TextBlockContainer977" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:44px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a143575" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Financial guarantee contracts are contracts that require<div style="display:inline-block;width:5.44px"> </div>UBS AG to make specified payments to reimburse<div style="display:inline-block;width:5.51px"> </div>the holder for </div><div id="a143580" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">an incurred loss because a specified debtor fails to make<div style="display:inline-block;width:2.07px"> </div>payments when due in accordance with the terms of a<div style="display:inline-block;width:2.19px"> </div>specified </div><div id="a143581" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.7px;">debt instrument.</div></div> <div id="TextBlockContainer979" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:243px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a143584" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">d.<div style="display:inline-block;width:4.09px"> </div>Interest income and expense </div><div id="a143587" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">Interest<div style="display:inline-block;width:5.13px"> </div>income<div style="display:inline-block;width:5.62px"> </div>and<div style="display:inline-block;width:5.61px"> </div>expense<div style="display:inline-block;width:5.45px"> </div>are<div style="display:inline-block;width:5.29px"> </div>recognized<div style="display:inline-block;width:6.06px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the<div style="display:inline-block;width:5.25px"> </div>income<div style="display:inline-block;width:5.15px"> </div>statement<div style="display:inline-block;width:5.31px"> </div>based<div style="display:inline-block;width:5.66px"> </div>on<div style="display:inline-block;width:5.61px"> </div>the<div style="display:inline-block;width:5.25px"> </div>effective<div style="display:inline-block;width:5.42px"> </div>interest<div style="display:inline-block;width:5.6px"> </div>method.<div style="display:inline-block;width:6.08px"> </div>When </div><div id="a143588" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.7px;">calculating the effective interest rate (the EIR) for financial instruments (other than credit-impaired financial<div style="display:inline-block;width:5.05px"> </div>instruments), </div><div id="a143592" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">UBS AG<div style="display:inline-block;width:5.27px"> </div>estimates future cash<div style="display:inline-block;width:5.18px"> </div>flows considering<div style="display:inline-block;width:5.43px"> </div>all contractual terms of<div style="display:inline-block;width:5.53px"> </div>the instrument,<div style="display:inline-block;width:5.4px"> </div>but not expected<div style="display:inline-block;width:5.29px"> </div>credit losses, </div><div id="a143597" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61px;">with<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>EIR<div style="display:inline-block;width:5.3px"> </div>applied<div style="display:inline-block;width:5.6px"> </div>to<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>gross<div style="display:inline-block;width:5.79px"> </div>carrying<div style="display:inline-block;width:5.26px"> </div>amount<div style="display:inline-block;width:5.5px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>financial asset<div style="display:inline-block;width:6.88px"> </div>or<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>amortized<div style="display:inline-block;width:5.31px"> </div>cost<div style="display:inline-block;width:5.57px"> </div>of<div style="display:inline-block;width:5.6px"> </div>a<div style="display:inline-block;width:5.2px"> </div>financial<div style="display:inline-block;width:5.41px"> </div>liability. </div><div id="a143599" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.7px;">However,<div style="display:inline-block;width:7.1px"> </div>when<div style="display:inline-block;width:6.18px"> </div>a<div style="display:inline-block;width:5.67px"> </div>financial<div style="display:inline-block;width:5.88px"> </div>asset<div style="display:inline-block;width:5.62px"> </div>becomes<div style="display:inline-block;width:6.72px"> </div>credit-impaired<div style="display:inline-block;width:6.62px"> </div>after<div style="display:inline-block;width:6.16px"> </div>initial<div style="display:inline-block;width:5.78px"> </div>recognition,<div style="display:inline-block;width:6.79px"> </div>interest<div style="display:inline-block;width:6.07px"> </div>income<div style="display:inline-block;width:6.09px"> </div>is<div style="display:inline-block;width:5.62px"> </div>determined<div style="display:inline-block;width:6.19px"> </div>by </div><div id="a143602" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:91.8px;">applying the<div style="display:inline-block;width:5.28px"> </div>EIR to the<div style="display:inline-block;width:5.61px"> </div>amortized cost of<div style="display:inline-block;width:5.47px"> </div>the instrument,<div style="display:inline-block;width:5.4px"> </div>which represents<div style="display:inline-block;width:6.03px"> </div>the gross<div style="display:inline-block;width:5.47px"> </div>carrying amount<div style="display:inline-block;width:5.2px"> </div>adjusted for<div style="display:inline-block;width:5.13px"> </div>any </div><div id="a143604" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.4px;">credit loss allowance.<div style="display:inline-block;width:4.75px"> </div></div><div id="a143606" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:130.1px;">Upfront fees, including<div style="display:inline-block;width:5.03px"> </div>fees on loan commitments not measured at fair value where a loan<div style="display:inline-block;width:5.1px"> </div>is expected to be issued, and </div><div id="a143607" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:145.3px;">direct costs are<div style="display:inline-block;width:5.27px"> </div>included<div style="display:inline-block;width:5.22px"> </div>within the<div style="display:inline-block;width:5.07px"> </div>initial measurement<div style="display:inline-block;width:5.02px"> </div>of a<div style="display:inline-block;width:5.36px"> </div>financial instrument<div style="display:inline-block;width:5.45px"> </div>measured<div style="display:inline-block;width:5.12px"> </div>at amortized cost<div style="display:inline-block;width:5.52px"> </div>or FVOCI </div><div id="a143612" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.9px;">and recognized over the expected life of<div style="display:inline-block;width:5.1px"> </div>the instrument as part of its EIR. </div><div id="a143616" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183.6px;">Fees related<div style="display:inline-block;width:5.66px"> </div>to loan<div style="display:inline-block;width:5.66px"> </div>commitments where<div style="display:inline-block;width:6.03px"> </div>no loan<div style="display:inline-block;width:5.54px"> </div>is expected<div style="display:inline-block;width:5.57px"> </div>to be<div style="display:inline-block;width:5.56px"> </div>issued, as<div style="display:inline-block;width:5.39px"> </div>well as<div style="display:inline-block;width:5.25px"> </div>loan syndication<div style="display:inline-block;width:5.7px"> </div>fees where<div style="display:inline-block;width:5.59px"> </div>UBS </div><div id="a143617" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:198.7px;">AG does not retain a portion of the syndicated loan or where UBS AG does retain a portion of the syndicated loan at the </div><div id="a143624" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:213.8px;">same effective yield for comparable risk as other participants,<div style="display:inline-block;width:5.4px"> </div>are included in </div><div id="a143627" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:442.592px;top:213.6px;">Net fee and commission income </div><div id="a143629" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:628.098px;top:213.8px;">and either </div><div id="a143630" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:229.5px;">recognized over the life of the commitment<div style="display:inline-block;width:5.17px"> </div>or when syndication occurs.</div></div><div id="TextBlockContainer981" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:44px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a143643" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Interest<div style="display:inline-block;width:5.13px"> </div>income<div style="display:inline-block;width:5.15px"> </div>on<div style="display:inline-block;width:5.61px"> </div>financial<div style="display:inline-block;width:5.51px"> </div>assets,<div style="display:inline-block;width:5.3px"> </div>excluding<div style="display:inline-block;width:5.87px"> </div>derivatives,<div style="display:inline-block;width:5.11px"> </div>is<div style="display:inline-block;width:5.15px"> </div>included<div style="display:inline-block;width:5.6px"> </div>in<div style="display:inline-block;width:5.46px"> </div>interest<div style="display:inline-block;width:5.13px"> </div>income<div style="display:inline-block;width:5.68px"> </div>when<div style="display:inline-block;width:5.71px"> </div>positive<div style="display:inline-block;width:5.09px"> </div>and<div style="display:inline-block;width:5.61px"> </div>in<div style="display:inline-block;width:5.36px"> </div>interest </div><div id="a143650" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">expense<div style="display:inline-block;width:5.48px"> </div>when<div style="display:inline-block;width:5.71px"> </div>negative.<div style="display:inline-block;width:5.25px"> </div>Similarly,<div style="display:inline-block;width:5.6px"> </div>interest<div style="display:inline-block;width:5.6px"> </div>expense<div style="display:inline-block;width:5.45px"> </div>on<div style="display:inline-block;width:5.61px"> </div>financial<div style="display:inline-block;width:5.6px"> </div>liabilities,<div style="display:inline-block;width:5.72px"> </div>excluding<div style="display:inline-block;width:5.87px"> </div>derivatives,<div style="display:inline-block;width:5.58px"> </div>is<div style="display:inline-block;width:5.15px"> </div>included<div style="display:inline-block;width:6.23px"> </div>in<div style="display:inline-block;width:5.31px"> </div>interest </div><div id="a143657" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">expense, except when interest rates are<div style="display:inline-block;width:5.07px"> </div>negative, in which case it is included<div style="display:inline-block;width:5.63px"> </div>in interest income.</div></div> <div id="TextBlockContainer983" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:166px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a143674" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">e. Derecognition<div style="display:inline-block;width:4.27px"> </div></div><div id="a143679" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:22.5px;">Financial assets </div><div id="a143681" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:37.8px;">UBS<div style="display:inline-block;width:6.54px"> </div>AG<div style="display:inline-block;width:6.2px"> </div>derecognizes<div style="display:inline-block;width:6.58px"> </div>a<div style="display:inline-block;width:6.22px"> </div>transferred<div style="display:inline-block;width:7.05px"> </div>financial<div style="display:inline-block;width:6.36px"> </div>asset,<div style="display:inline-block;width:6.67px"> </div>or<div style="display:inline-block;width:6.2px"> </div>a<div style="display:inline-block;width:6.15px"> </div>portion<div style="display:inline-block;width:6.55px"> </div>of<div style="display:inline-block;width:6.2px"> </div>a<div style="display:inline-block;width:6.15px"> </div>financial<div style="display:inline-block;width:6.36px"> </div>asset,<div style="display:inline-block;width:6.86px"> </div>if<div style="display:inline-block;width:6.36px"> </div>the<div style="display:inline-block;width:6.2px"> </div>purchaser<div style="display:inline-block;width:6.53px"> </div>has<div style="display:inline-block;width:6.4px"> </div>received </div><div id="a143689" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53px;">substantially all the risks and rewards of the asset or a significant part of the risks and rewards<div style="display:inline-block;width:5.32px"> </div>combined with a practical </div><div id="a143691" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:68.6px;">ability to sell or pledge the asset.<div style="display:inline-block;width:5.08px"> </div></div><div id="a143696" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:91.3px;">Where<div style="display:inline-block;width:5.29px"> </div>financial<div style="display:inline-block;width:5.41px"> </div>assets<div style="display:inline-block;width:5.2px"> </div>have<div style="display:inline-block;width:5.2px"> </div>been<div style="display:inline-block;width:5.61px"> </div>pledged<div style="display:inline-block;width:5.91px"> </div>as<div style="display:inline-block;width:5.25px"> </div>collateral<div style="display:inline-block;width:5.06px"> </div>or<div style="display:inline-block;width:5.25px"> </div>in<div style="display:inline-block;width:5.3px"> </div>similar<div style="display:inline-block;width:5.1px"> </div>arrangements,<div style="display:inline-block;width:6.29px"> </div>they<div style="display:inline-block;width:5.05px"> </div>are<div style="display:inline-block;width:5.29px"> </div>considered<div style="display:inline-block;width:5.84px"> </div>to<div style="display:inline-block;width:5.25px"> </div>have<div style="display:inline-block;width:5.2px"> </div>been </div><div id="a143697" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:106.4px;">transferred<div style="display:inline-block;width:5.13px"> </div>if the<div style="display:inline-block;width:6.04px"> </div>counterparty has<div style="display:inline-block;width:6.29px"> </div>received<div style="display:inline-block;width:5.45px"> </div>the contractual<div style="display:inline-block;width:6.41px"> </div>rights<div style="display:inline-block;width:4.99px"> </div>to<div style="display:inline-block;width:5.25px"> </div>the cash<div style="display:inline-block;width:5.88px"> </div>flows<div style="display:inline-block;width:5.3px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>pledged<div style="display:inline-block;width:5.43px"> </div>assets, as<div style="display:inline-block;width:5.93px"> </div>may<div style="display:inline-block;width:5.04px"> </div>be </div><div id="a143703" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:121.6px;">evidenced<div style="display:inline-block;width:5.33px"> </div>by,<div style="display:inline-block;width:5.61px"> </div>for<div style="display:inline-block;width:5.1px"> </div>example,<div style="display:inline-block;width:5.05px"> </div>the<div style="display:inline-block;width:5.25px"> </div>counterparty’s<div style="display:inline-block;width:5.15px"> </div>right<div style="display:inline-block;width:5.2px"> </div>to<div style="display:inline-block;width:5.25px"> </div>sell<div style="display:inline-block;width:5.04px"> </div>or<div style="display:inline-block;width:5.25px"> </div>repledge<div style="display:inline-block;width:5.79px"> </div>the assets.<div style="display:inline-block;width:6.4px"> </div>In<div style="display:inline-block;width:5.3px"> </div>transfers where<div style="display:inline-block;width:6.8px"> </div>control<div style="display:inline-block;width:5.43px"> </div>over<div style="display:inline-block;width:5.05px"> </div>the </div><div id="a143707" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:137.2px;">financial<div style="display:inline-block;width:6.36px"> </div>asset<div style="display:inline-block;width:7.04px"> </div>is<div style="display:inline-block;width:6.57px"> </div>retained,<div style="display:inline-block;width:7.43px"> </div>UBS<div style="display:inline-block;width:7.1px"> </div>AG<div style="display:inline-block;width:6.67px"> </div>continues<div style="display:inline-block;width:7.02px"> </div>to<div style="display:inline-block;width:6.67px"> </div>recognize<div style="display:inline-block;width:7.28px"> </div>the<div style="display:inline-block;width:6.67px"> </div>asset<div style="display:inline-block;width:7.04px"> </div>to<div style="display:inline-block;width:6.67px"> </div>the<div style="display:inline-block;width:6.67px"> </div>extent<div style="display:inline-block;width:7.26px"> </div>of<div style="display:inline-block;width:6.67px"> </div>its<div style="display:inline-block;width:6.88px"> </div>continuing<div style="display:inline-block;width:7.27px"> </div>involvement, </div><div id="a143712" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:152.3px;">determined by the extent to which it is exposed<div style="display:inline-block;width:5.8px"> </div>to changes in the value of the<div style="display:inline-block;width:5.05px"> </div>transferred asset following the transfer.</div></div><div id="TextBlockContainer985" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:143px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a143724" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:0px;">Financial liabilities </div><div id="a143728" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.4px;">UBS<div style="display:inline-block;width:5.12px"> </div>AG derecognizes<div style="display:inline-block;width:6.26px"> </div>a<div style="display:inline-block;width:5.2px"> </div>financial liability<div style="display:inline-block;width:6.26px"> </div>when<div style="display:inline-block;width:5.37px"> </div>it is<div style="display:inline-block;width:5.96px"> </div>extinguished,<div style="display:inline-block;width:5.83px"> </div>i.e., when<div style="display:inline-block;width:6.53px"> </div>the obligation<div style="display:inline-block;width:6.37px"> </div>specified<div style="display:inline-block;width:5.09px"> </div>in the<div style="display:inline-block;width:6.4px"> </div>contract is </div><div id="a143741" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.5px;">discharged, canceled or expires. When<div style="display:inline-block;width:5.08px"> </div>an existing financial liability is exchanged for a new<div style="display:inline-block;width:5.26px"> </div>one from the same lender on </div><div id="a143744" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.7px;">substantially<div style="display:inline-block;width:6.5px"> </div>different<div style="display:inline-block;width:7.73px"> </div>terms,<div style="display:inline-block;width:6.79px"> </div>or<div style="display:inline-block;width:7.14px"> </div>the<div style="display:inline-block;width:6.67px"> </div>terms<div style="display:inline-block;width:6.68px"> </div>of<div style="display:inline-block;width:6.67px"> </div>an<div style="display:inline-block;width:7.02px"> </div>existing<div style="display:inline-block;width:7.01px"> </div>liability<div style="display:inline-block;width:6.89px"> </div>are<div style="display:inline-block;width:6.71px"> </div>substantially<div style="display:inline-block;width:7.52px"> </div>modified,<div style="display:inline-block;width:6.82px"> </div>the<div style="display:inline-block;width:6.67px"> </div>original<div style="display:inline-block;width:7.23px"> </div>liability<div style="display:inline-block;width:7.01px"> </div>is </div><div id="a143750" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61.3px;">derecognized<div style="display:inline-block;width:6.32px"> </div>and<div style="display:inline-block;width:6.08px"> </div>a<div style="display:inline-block;width:5.67px"> </div>new<div style="display:inline-block;width:5.51px"> </div>liability<div style="display:inline-block;width:5.54px"> </div>recognized<div style="display:inline-block;width:6.09px"> </div>with<div style="display:inline-block;width:5.72px"> </div>any<div style="display:inline-block;width:5.67px"> </div>difference<div style="display:inline-block;width:6.26px"> </div>in<div style="display:inline-block;width:5.77px"> </div>the<div style="display:inline-block;width:5.72px"> </div>respective<div style="display:inline-block;width:6.3px"> </div>carrying<div style="display:inline-block;width:5.74px"> </div>amounts<div style="display:inline-block;width:6.22px"> </div>recorded<div style="display:inline-block;width:6.28px"> </div>in<div style="display:inline-block;width:5.77px"> </div>the </div><div id="a143756" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.4px;">income statement.<div style="display:inline-block;width:4.59px"> </div></div><div id="a143758" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.6px;">Certain OTC derivative<div style="display:inline-block;width:2.32px"> </div>contracts and most exchange-traded futures and option<div style="display:inline-block;width:2.67px"> </div>contracts cleared through central<div style="display:inline-block;width:2.31px"> </div>clearing </div><div id="a143766" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:114.8px;">counterparties and exchanges are considered<div style="display:inline-block;width:5.14px"> </div>to be settled on a daily basis,<div style="display:inline-block;width:3.26px"> </div>as the payment or receipt of variation margin </div><div id="a143774" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:129.9px;">on a daily basis represents<div style="display:inline-block;width:5.17px"> </div>legal or economic settlement, which results in derecognition<div style="display:inline-block;width:6.25px"> </div>of the associated derivatives.</div></div> <div id="TextBlockContainer987" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:75px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a143787" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">f.<div style="display:inline-block;width:3.73px"> </div>Fair value of financial instruments </div><div id="a143791" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">UBS<div style="display:inline-block;width:7.01px"> </div>AG<div style="display:inline-block;width:6.67px"> </div>accounts<div style="display:inline-block;width:6.72px"> </div>for<div style="display:inline-block;width:6.52px"> </div>a<div style="display:inline-block;width:6.62px"> </div>significant<div style="display:inline-block;width:6.93px"> </div>portion<div style="display:inline-block;width:7.02px"> </div>of<div style="display:inline-block;width:6.67px"> </div>its<div style="display:inline-block;width:6.41px"> </div>assets<div style="display:inline-block;width:7.09px"> </div>and<div style="display:inline-block;width:7.03px"> </div>liabilities<div style="display:inline-block;width:6.57px"> </div>at<div style="display:inline-block;width:6.94px"> </div>fair<div style="display:inline-block;width:6.68px"> </div>value.<div style="display:inline-block;width:7.57px"> </div>Fair<div style="display:inline-block;width:6.16px"> </div>value<div style="display:inline-block;width:6.99px"> </div>is<div style="display:inline-block;width:6.57px"> </div>the<div style="display:inline-block;width:6.67px"> </div>price<div style="display:inline-block;width:6.84px"> </div>on<div style="display:inline-block;width:7.03px"> </div>the </div><div id="a143796" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.7px;">measurement date<div style="display:inline-block;width:5.43px"> </div>that would be<div style="display:inline-block;width:5.17px"> </div>received for the<div style="display:inline-block;width:5.29px"> </div>sale of an<div style="display:inline-block;width:5.13px"> </div>asset or paid<div style="display:inline-block;width:5.23px"> </div>to transfer a liability in<div style="display:inline-block;width:5.2px"> </div>an orderly<div style="display:inline-block;width:5.07px"> </div>transaction </div><div id="a143798" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">between market participants<div style="display:inline-block;width:6.04px"> </div>in the principal<div style="display:inline-block;width:5.5px"> </div>market, or in<div style="display:inline-block;width:5.67px"> </div>the most advantageous<div style="display:inline-block;width:6.11px"> </div>market in the<div style="display:inline-block;width:5.57px"> </div>absence of<div style="display:inline-block;width:5.13px"> </div>a principal </div><div id="a143799" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61.5px;">market.</div></div><div id="TextBlockContainer990" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:219px;height:10px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a143848" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Critical accounting estimates and judgments</div></div><div id="TextBlockContainer992" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:674px;height:77px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a143850" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:0px;">The use<div style="display:inline-block;width:4.32px"> </div>of valuation techniques,<div style="display:inline-block;width:4.39px"> </div>modeling assumptions<div style="display:inline-block;width:4.37px"> </div>and estimates of<div style="display:inline-block;width:4.17px"> </div>unobservable market<div style="display:inline-block;width:4.32px"> </div>inputs in the<div style="display:inline-block;width:4.52px"> </div>fair valuation of<div style="display:inline-block;width:4.17px"> </div>financial instruments<div style="display:inline-block;width:4.57px"> </div>requires </div><div id="a143855" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:13.3px;">significant<div style="display:inline-block;width:5.2px"> </div>judgment<div style="display:inline-block;width:5.03px"> </div>and<div style="display:inline-block;width:5.27px"> </div>could<div style="display:inline-block;width:4.24px"> </div>affect<div style="display:inline-block;width:5.24px"> </div>the<div style="display:inline-block;width:4.65px"> </div>amount<div style="display:inline-block;width:5.19px"> </div>of<div style="display:inline-block;width:4.88px"> </div>gain<div style="display:inline-block;width:4.48px"> </div>or<div style="display:inline-block;width:4.88px"> </div>loss<div style="display:inline-block;width:4.88px"> </div>recorded<div style="display:inline-block;width:5.4px"> </div>for<div style="display:inline-block;width:4.41px"> </div>a<div style="display:inline-block;width:4.97px"> </div>particular<div style="display:inline-block;width:5.21px"> </div>position.<div style="display:inline-block;width:4.71px"> </div>Valuation<div style="display:inline-block;width:5.94px"> </div>techniques<div style="display:inline-block;width:5.26px"> </div>that<div style="display:inline-block;width:4.65px"> </div>rely<div style="display:inline-block;width:5.15px"> </div>more<div style="display:inline-block;width:5.07px"> </div>heavily<div style="display:inline-block;width:4.89px"> </div>on </div><div id="a143857" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:26.5px;">unobservable<div style="display:inline-block;width:4.71px"> </div>inputs<div style="display:inline-block;width:4.38px"> </div>and<div style="display:inline-block;width:4.32px"> </div>sophisticated<div style="display:inline-block;width:4.4px"> </div>models<div style="display:inline-block;width:4.23px"> </div>inherently<div style="display:inline-block;width:5.1px"> </div>require<div style="display:inline-block;width:4.14px"> </div>a<div style="display:inline-block;width:4.49px"> </div>higher<div style="display:inline-block;width:4.16px"> </div>level of<div style="display:inline-block;width:5.6px"> </div>judgment<div style="display:inline-block;width:4.17px"> </div>and<div style="display:inline-block;width:4.32px"> </div>may<div style="display:inline-block;width:4.58px"> </div>require<div style="display:inline-block;width:4.14px"> </div>adjustment<div style="display:inline-block;width:5.03px"> </div>to reflect<div style="display:inline-block;width:5.63px"> </div>factors<div style="display:inline-block;width:4.42px"> </div>that<div style="display:inline-block;width:4.18px"> </div>market </div><div id="a143864" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:40.2px;">participants would consider<div style="display:inline-block;width:4.14px"> </div>in estimating fair value, such as close<div style="display:inline-block;width:1.5px"> </div>-out costs, which are presented in Note 2<div style="display:inline-block;width:1.44px"> </div>0d.<div style="display:inline-block;width:2.26px"> </div></div><div id="a143873" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:53.5px;">UBS AG’s governance framework over fair value measurement is<div style="display:inline-block;width:1.17px"> </div>described in Note 20b,<div style="display:inline-block;width:1.59px"> </div>and UBS AG provides a sensitivity<div style="display:inline-block;width:1.29px"> </div>analysis of the estimated effects </div><div id="a143886" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:66.7px;">arising from changing significant<div style="display:inline-block;width:4.48px"> </div>unobservable inputs in Level 3 financial instruments<div style="display:inline-block;width:4.43px"> </div>to reasonably possible alternative assumptions<div style="display:inline-block;width:4.4px"> </div>in Note 20f.</div></div> <div id="TextBlockContainer995" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:534px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a143904" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">g.<div style="display:inline-block;width:4.09px"> </div>Allowances and provisions for expected credit losses </div><div id="a143913" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">ECL are<div style="display:inline-block;width:5.82px"> </div>recognized<div style="display:inline-block;width:5.12px"> </div>for financial<div style="display:inline-block;width:5.88px"> </div>assets measured<div style="display:inline-block;width:6.16px"> </div>at amortized<div style="display:inline-block;width:6.21px"> </div>cost, financial<div style="display:inline-block;width:5.52px"> </div>assets<div style="display:inline-block;width:5.67px"> </div>measured<div style="display:inline-block;width:5.12px"> </div>at FVOCI,<div style="display:inline-block;width:5.42px"> </div>fee and<div style="display:inline-block;width:6.03px"> </div>lease </div><div id="a143914" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.7px;">receivables,<div style="display:inline-block;width:5.5px"> </div>financial<div style="display:inline-block;width:5.41px"> </div>guarantees,<div style="display:inline-block;width:5.66px"> </div>and<div style="display:inline-block;width:5.61px"> </div>loan<div style="display:inline-block;width:5.5px"> </div>commitments<div style="display:inline-block;width:5.06px"> </div>not<div style="display:inline-block;width:5.45px"> </div>measured<div style="display:inline-block;width:6.06px"> </div>at<div style="display:inline-block;width:5.05px"> </div>fair<div style="display:inline-block;width:5.26px"> </div>value.<div style="display:inline-block;width:5.67px"> </div>ECL<div style="display:inline-block;width:5.15px"> </div>are<div style="display:inline-block;width:5.29px"> </div>also<div style="display:inline-block;width:5.35px"> </div>recognized<div style="display:inline-block;width:6.06px"> </div>on<div style="display:inline-block;width:5.61px"> </div>the </div><div id="a143915" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">undrawn<div style="display:inline-block;width:5.96px"> </div>portion<div style="display:inline-block;width:5.6px"> </div>of<div style="display:inline-block;width:5.25px"> </div>committed<div style="display:inline-block;width:5.26px"> </div>unconditionally<div style="display:inline-block;width:6.12px"> </div>revocable<div style="display:inline-block;width:6.25px"> </div>credit<div style="display:inline-block;width:5.98px"> </div>lines,<div style="display:inline-block;width:5.35px"> </div>which<div style="display:inline-block;width:5.4px"> </div>include<div style="display:inline-block;width:5.87px"> </div>UBS<div style="display:inline-block;width:5.66px"> </div>AG’s<div style="display:inline-block;width:5.43px"> </div>credit<div style="display:inline-block;width:5.98px"> </div>card<div style="display:inline-block;width:5.76px"> </div>limits<div style="display:inline-block;width:5.1px"> </div>and </div><div id="a143924" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61px;">master credit<div style="display:inline-block;width:6.62px"> </div>facilities, as<div style="display:inline-block;width:6px"> </div>UBS<div style="display:inline-block;width:5.19px"> </div>AG<div style="display:inline-block;width:5.27px"> </div>is exposed<div style="display:inline-block;width:6.18px"> </div>to credit<div style="display:inline-block;width:6.6px"> </div>risk because<div style="display:inline-block;width:6.29px"> </div>the borrower<div style="display:inline-block;width:6.79px"> </div>has the<div style="display:inline-block;width:6.08px"> </div>ability<div style="display:inline-block;width:5.21px"> </div>to draw<div style="display:inline-block;width:5.98px"> </div>down<div style="display:inline-block;width:5.44px"> </div>funds </div><div id="a143929" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.6px;">before UBS AG can take credit<div style="display:inline-block;width:5.25px"> </div>risk mitigation actions. </div><div id="a143936" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:99.1px;">Recognition of expected credit losses<div style="display:inline-block;width:5.18px"> </div></div><div id="a143938" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:114.5px;">ECL are recognized on<div style="display:inline-block;width:5.4px"> </div>the following basis. </div><div id="a143943" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:130.1px;">–</div><div id="a143944" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:130px;"> </div><div id="a143945" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:130.1px;">Stage 1 instruments: Maximum 12-month ECL are recognized from initial<div style="display:inline-block;width:1.77px"> </div>recognition, reflecting the portion of lifetime </div><div id="a143953" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:145.3px;">cash shortfalls that would result<div style="display:inline-block;width:5.14px"> </div>if a default occurs in<div style="display:inline-block;width:5.03px"> </div>the 12 months after the<div style="display:inline-block;width:5.06px"> </div>reporting date, weighted<div style="display:inline-block;width:5.55px"> </div>by the risk of </div><div id="a143955" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:160.4px;">a default occurring.<div style="display:inline-block;width:4.65px"> </div></div><div id="a143957" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:176px;">–</div><div id="a143958" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:175.8px;"> </div><div id="a143959" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:176px;">Stage 2 instruments: Lifetime ECL are recognized if<div style="display:inline-block;width:2.29px"> </div>a significant increase in credit risk (an SICR) is<div style="display:inline-block;width:1.97px"> </div>observed subsequent </div><div id="a143962" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:191.1px;">to<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>instrument’s<div style="display:inline-block;width:5.77px"> </div>initial<div style="display:inline-block;width:5.78px"> </div>recognition,<div style="display:inline-block;width:5.96px"> </div>reflecting<div style="display:inline-block;width:5.45px"> </div>lifetime<div style="display:inline-block;width:5.85px"> </div>cash<div style="display:inline-block;width:5.25px"> </div>shortfalls<div style="display:inline-block;width:5.98px"> </div>that<div style="display:inline-block;width:5.57px"> </div>would<div style="display:inline-block;width:5.81px"> </div>result<div style="display:inline-block;width:5.28px"> </div>from<div style="display:inline-block;width:5.66px"> </div>all<div style="display:inline-block;width:5.47px"> </div>possible<div style="display:inline-block;width:5.7px"> </div>default </div><div id="a143964" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:206.8px;">events over<div style="display:inline-block;width:5.05px"> </div>the expected<div style="display:inline-block;width:5.2px"> </div>life of a<div style="display:inline-block;width:5.57px"> </div>financial instrument,<div style="display:inline-block;width:5.56px"> </div>weighted by<div style="display:inline-block;width:5.29px"> </div>the risk of<div style="display:inline-block;width:5.3px"> </div>a default<div style="display:inline-block;width:5.3px"> </div>occurring. When<div style="display:inline-block;width:5.61px"> </div>an SICR<div style="display:inline-block;width:5.29px"> </div>is </div><div id="a143965" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:221.9px;">no longer observed, the instrument will<div style="display:inline-block;width:5.24px"> </div>move back to stage 1. </div><div id="a143970" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:237.5px;">–</div><div id="a143971" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:237.4px;"> </div><div id="a143972" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:237.5px;">Stage 3<div style="display:inline-block;width:5.12px"> </div>instruments: Lifetime<div style="display:inline-block;width:5.47px"> </div>ECL are<div style="display:inline-block;width:5.82px"> </div>always recognized<div style="display:inline-block;width:6.01px"> </div>for credit-impaired<div style="display:inline-block;width:6.17px"> </div>financial instruments,<div style="display:inline-block;width:6.08px"> </div>as determined<div style="display:inline-block;width:5.87px"> </div>by </div><div id="a143977" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:252.6px;">the occurrence<div style="display:inline-block;width:5.76px"> </div>of one<div style="display:inline-block;width:5.76px"> </div>or more<div style="display:inline-block;width:5.96px"> </div>loss events,<div style="display:inline-block;width:5.5px"> </div>by estimating<div style="display:inline-block;width:5.56px"> </div>expected cash<div style="display:inline-block;width:5.68px"> </div>flows based<div style="display:inline-block;width:5.86px"> </div>on a<div style="display:inline-block;width:5.24px"> </div>chosen<div style="display:inline-block;width:5.06px"> </div>recovery strategy. </div><div id="a143981" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:267.8px;">Credit-impaired exposures<div style="display:inline-block;width:6.12px"> </div>may include<div style="display:inline-block;width:5.15px"> </div>positions for<div style="display:inline-block;width:5.27px"> </div>which no<div style="display:inline-block;width:5.91px"> </div>allowance has<div style="display:inline-block;width:5.18px"> </div>been recognized,<div style="display:inline-block;width:5.73px"> </div>for example because </div><div id="a143985" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:283.4px;">they are expected to be fully recoverable through<div style="display:inline-block;width:5.9px"> </div>collateral held. </div><div id="a143987" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:298.5px;">–</div><div id="a143988" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:298.4px;"> </div><div id="a143989" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:298.5px;">Changes in lifetime ECL since initial recognition<div style="display:inline-block;width:5.55px"> </div>are also recognized for assets that are<div style="display:inline-block;width:5.37px"> </div>purchased or originated<div style="display:inline-block;width:5.4px"> </div>credit-</div><div id="a143992" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:314.1px;">impaired (POCI).<div style="display:inline-block;width:5.22px"> </div>POCI financial instruments<div style="display:inline-block;width:6.02px"> </div>include those<div style="display:inline-block;width:5.33px"> </div>that are<div style="display:inline-block;width:5.07px"> </div>purchased at<div style="display:inline-block;width:5.42px"> </div>a deep discount<div style="display:inline-block;width:5.84px"> </div>or newly originated </div><div id="a143996" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:329.3px;">with a defaulted counterparty;<div style="display:inline-block;width:4.83px"> </div>they remain a separate category until<div style="display:inline-block;width:5.28px"> </div>derecognition.<div style="display:inline-block;width:4.78px"> </div></div><div id="a143999" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:352px;">All or part of<div style="display:inline-block;width:2.14px"> </div>a financial<div style="display:inline-block;width:2.21px"> </div>asset is written<div style="display:inline-block;width:2.3px"> </div>off if it<div style="display:inline-block;width:2.19px"> </div>is deemed uncollectible<div style="display:inline-block;width:2.13px"> </div>or forgiven. Write-offs reduce the<div style="display:inline-block;width:2.2px"> </div>principal amount </div><div id="a144003" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:367.1px;">of a claim<div style="display:inline-block;width:2.06px"> </div>and are charged against related allowances for<div style="display:inline-block;width:2.11px"> </div>credit losses. Recoveries, in part or<div style="display:inline-block;width:2.34px"> </div>in full, of amounts previously </div><div id="a144006" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:382.7px;">written off are generally credited<div style="display:inline-block;width:5.07px"> </div>to </div><div id="a144008" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:210.272px;top:382.5px;">Credit loss expense / (release)</div><div id="a144009" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:375.885px;top:382.7px;">.<div style="display:inline-block;width:4.36px"> </div></div><div id="a144011" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:405.4px;">ECL are recognized in the income statement in </div><div id="a144012" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:270.832px;top:405.2px;">Credit loss expense / (release)</div><div id="a144013" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:435.498px;top:405.4px;">. A corresponding ECL allowance is reported </div><div id="a144014" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:420.6px;">as a decrease<div style="display:inline-block;width:5.59px"> </div>in the carrying<div style="display:inline-block;width:5.62px"> </div>amount of<div style="display:inline-block;width:5.18px"> </div>financial assets measured<div style="display:inline-block;width:5.53px"> </div>at amortized<div style="display:inline-block;width:5.26px"> </div>cost on<div style="display:inline-block;width:5.13px"> </div>the balance<div style="display:inline-block;width:5.29px"> </div>sheet. For financial </div><div id="a144016" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:436.2px;">assets that<div style="display:inline-block;width:5.67px"> </div>are<div style="display:inline-block;width:5.29px"> </div>measured<div style="display:inline-block;width:5.12px"> </div>at FVOCI,<div style="display:inline-block;width:5.9px"> </div>the carrying<div style="display:inline-block;width:6.36px"> </div>amount<div style="display:inline-block;width:5.03px"> </div>is not<div style="display:inline-block;width:5.98px"> </div>reduced,<div style="display:inline-block;width:5.32px"> </div>but an<div style="display:inline-block;width:6.23px"> </div>accumulated amount<div style="display:inline-block;width:5.87px"> </div>is recognized<div style="display:inline-block;width:6.11px"> </div>in </div><div id="a144017" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:451.1px;">Other comprehensive<div style="display:inline-block;width:6.09px"> </div>income</div><div id="a144018" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:172.885px;top:451.3px;">. For<div style="display:inline-block;width:5.73px"> </div>off-balance sheet<div style="display:inline-block;width:5.99px"> </div>financial instruments<div style="display:inline-block;width:5.98px"> </div>and<div style="display:inline-block;width:5.13px"> </div>other credit<div style="display:inline-block;width:5.71px"> </div>lines, provisions<div style="display:inline-block;width:6.04px"> </div>for ECL<div style="display:inline-block;width:5.91px"> </div>are </div><div id="a144022" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:466.5px;">presented in </div><div id="a144023" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:79.214px;top:466.2px;">Provisions. </div><div id="a144026" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:489.4px;">Default and credit impairment </div><div id="a144028" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:504.8px;">UBS AG applies a single<div style="display:inline-block;width:5.13px"> </div>definition of default for credit<div style="display:inline-block;width:5.1px"> </div>risk management purposes,<div style="display:inline-block;width:5.48px"> </div>regulatory reporting and<div style="display:inline-block;width:5.43px"> </div>ECL, with a </div><div id="a144036" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:519.9px;">counterparty classified as defaulted based<div style="display:inline-block;width:5.27px"> </div>on quantitative and qualitative criteria.</div></div><div id="TextBlockContainer997" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:251px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a144058" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:0px;">Measurement of expected credit losses </div><div id="a144063" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.4px;">IFRS 9 ECL<div style="display:inline-block;width:5.02px"> </div>reflect an unbiased,<div style="display:inline-block;width:6.42px"> </div>probability-weighted estimate<div style="display:inline-block;width:5.45px"> </div>based on<div style="display:inline-block;width:5.69px"> </div>loss expectations resulting<div style="display:inline-block;width:5.83px"> </div>from default events. </div><div id="a144068" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.6px;">The method<div style="display:inline-block;width:5.34px"> </div>used to<div style="display:inline-block;width:5.34px"> </div>calculate ECL<div style="display:inline-block;width:5.17px"> </div>applies the<div style="display:inline-block;width:5.6px"> </div>following<div style="display:inline-block;width:5.18px"> </div>principal factors:<div style="display:inline-block;width:5.41px"> </div>probability of<div style="display:inline-block;width:5.58px"> </div>default (PD),<div style="display:inline-block;width:5.77px"> </div>loss given<div style="display:inline-block;width:5.13px"> </div>default </div><div id="a144069" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.7px;">(LGD) and<div style="display:inline-block;width:6.24px"> </div>exposure at<div style="display:inline-block;width:5.75px"> </div>default (EAD).<div style="display:inline-block;width:5.92px"> </div>Parameters are<div style="display:inline-block;width:5.3px"> </div>generally<div style="display:inline-block;width:5.04px"> </div>determined on<div style="display:inline-block;width:6.23px"> </div>an individual<div style="display:inline-block;width:5.23px"> </div>financial asset<div style="display:inline-block;width:5.46px"> </div>level. Based </div><div id="a144071" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61.3px;">on the<div style="display:inline-block;width:5.29px"> </div>materiality of the portfolio,<div style="display:inline-block;width:5.67px"> </div>for credit card<div style="display:inline-block;width:5.22px"> </div>exposures and<div style="display:inline-block;width:5.83px"> </div>personal account overdrafts<div style="display:inline-block;width:5.26px"> </div>in Switzerland,<div style="display:inline-block;width:5.3px"> </div>a portfolio </div><div id="a144072" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.4px;">approach is applied that derives<div style="display:inline-block;width:2.22px"> </div>an average PD and LGD<div style="display:inline-block;width:2.29px"> </div>for the entire portfolio. PDs<div style="display:inline-block;width:2.26px"> </div>and LGDs used in<div style="display:inline-block;width:2.11px"> </div>the ECL calculation </div><div id="a144074" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:92px;">are point-in-time<div style="display:inline-block;width:5.06px"> </div>(PIT)-based for<div style="display:inline-block;width:5.2px"> </div>key portfolios<div style="display:inline-block;width:5.29px"> </div>and consider<div style="display:inline-block;width:5.43px"> </div>both current<div style="display:inline-block;width:5.27px"> </div>conditions and<div style="display:inline-block;width:5.73px"> </div>expected cyclical changes.<div style="display:inline-block;width:5.64px"> </div>For </div><div id="a144081" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.2px;">material portfolios, PDs and LGDs are<div style="display:inline-block;width:2.16px"> </div>determined for different scenarios, whereas EAD projections are treated as<div style="display:inline-block;width:2.13px"> </div>scenario </div><div id="a144083" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:122.8px;">independent. </div><div id="a144085" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:145.5px;">For the<div style="display:inline-block;width:5.68px"> </div>purpose<div style="display:inline-block;width:5.43px"> </div>of determining<div style="display:inline-block;width:6.44px"> </div>the ECL<div style="display:inline-block;width:1.69px"> </div>-relevant parameters,<div style="display:inline-block;width:6.61px"> </div>UBS<div style="display:inline-block;width:5.15px"> </div>AG leverages<div style="display:inline-block;width:6.12px"> </div>its<div style="display:inline-block;width:5.5px"> </div>Basel III advanced<div style="display:inline-block;width:6.46px"> </div>internal<div style="display:inline-block;width:5.32px"> </div>ratings-</div><div id="a144097" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.6px;">based<div style="display:inline-block;width:5.18px"> </div>(A-IRB)<div style="display:inline-block;width:5.27px"> </div>models that<div style="display:inline-block;width:5.87px"> </div>are also<div style="display:inline-block;width:6.01px"> </div>used<div style="display:inline-block;width:5.18px"> </div>in determi<div style="display:inline-block;width:1.42px"> </div>ning<div style="display:inline-block;width:5.23px"> </div>expected<div style="display:inline-block;width:5.05px"> </div>loss (EL)<div style="display:inline-block;width:6.45px"> </div>and<div style="display:inline-block;width:5.13px"> </div>risk-weighted<div style="display:inline-block;width:5.51px"> </div>assets under<div style="display:inline-block;width:6.23px"> </div>the Basel<div style="display:inline-block;width:5.15px"> </div>III </div><div id="a144106" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:175.8px;">framework and Pillar 2 stress loss models. Adjustments have<div style="display:inline-block;width:5.04px"> </div>been made to these models and IFRS 9-related models have </div><div id="a144114" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:191.4px;">been developed that consider the complexity, structure and risk profile of relevant portfolios and take account of the fact </div><div id="a144116" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:206.5px;">that PDs and LGDs used in the ECL calculation are PIT-based, as opposed to the corresponding Basel III through-the-cycle </div><div id="a144125" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:222.1px;">(TTC)<div style="display:inline-block;width:6.04px"> </div>parameters.<div style="display:inline-block;width:5.42px"> </div>All<div style="display:inline-block;width:6.09px"> </div>models<div style="display:inline-block;width:5.87px"> </div>that<div style="display:inline-block;width:5.57px"> </div>are<div style="display:inline-block;width:5.76px"> </div>relevant<div style="display:inline-block;width:6.45px"> </div>for<div style="display:inline-block;width:5.57px"> </div>measuring<div style="display:inline-block;width:6.39px"> </div>expected<div style="display:inline-block;width:5.52px"> </div>credit<div style="display:inline-block;width:5.98px"> </div>losses<div style="display:inline-block;width:6.67px"> </div>are<div style="display:inline-block;width:5.76px"> </div>subject<div style="display:inline-block;width:5.67px"> </div>to<div style="display:inline-block;width:5.72px"> </div>UBS<div style="display:inline-block;width:6.12px"> </div>AG’s<div style="display:inline-block;width:5.88px"> </div>model </div><div id="a144131" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:237.3px;">validation and oversight processes.</div></div><div id="TextBlockContainer1001" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:884px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a144170" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:0px;">Probability of default: </div><div id="a144171" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:130.792px;top:0.3px;">PD represents<div style="display:inline-block;width:5.03px"> </div>the probability of a default<div style="display:inline-block;width:5.56px"> </div>over a specified time<div style="display:inline-block;width:5.31px"> </div>period. A 12<div style="display:inline-block;width:1.38px"> </div>-month PD represents </div><div id="a144177" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.9px;">the probability of default determined<div style="display:inline-block;width:5.17px"> </div>for the next 12 months and a lifetime PD represents<div style="display:inline-block;width:5.1px"> </div>the probability of default over </div><div id="a144185" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:31px;">the remaining lifetime<div style="display:inline-block;width:2.18px"> </div>of the instrument. PIT<div style="display:inline-block;width:2.24px"> </div>PDs are derived<div style="display:inline-block;width:2.33px"> </div>from TTC PDs and<div style="display:inline-block;width:1.53px"> </div>scenario forecasts. The modeling is<div style="display:inline-block;width:1.93px"> </div>region, </div><div id="a144186" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.6px;">industry and<div style="display:inline-block;width:5.34px"> </div>client segment<div style="display:inline-block;width:5.13px"> </div>specific and<div style="display:inline-block;width:5.67px"> </div>considers both<div style="display:inline-block;width:5.53px"> </div>macroeconomic scenario<div style="display:inline-block;width:5.84px"> </div>dependencies<div style="display:inline-block;width:5.48px"> </div>and client-idiosyncratic </div><div id="a144195" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.8px;">information. </div><div id="a144197" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:84.2px;">Exposure at default: </div><div id="a144198" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:120.352px;top:84.5px;">EAD represents an estimate of the exposure to credit<div style="display:inline-block;width:1.87px"> </div>risk at the time of<div style="display:inline-block;width:2.11px"> </div>a potential default occurring, </div><div id="a144199" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.6px;">considering expected repayments, interest<div style="display:inline-block;width:5.03px"> </div>payments and accruals, discounted<div style="display:inline-block;width:5.68px"> </div>at the EIR. Future drawdowns on<div style="display:inline-block;width:5.38px"> </div>facilities </div><div id="a144201" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:115.2px;">are considered<div style="display:inline-block;width:5.56px"> </div>through a<div style="display:inline-block;width:5.3px"> </div>credit conversion factor<div style="display:inline-block;width:5.45px"> </div>(a<div style="display:inline-block;width:4.55px"> </div>CCF) that is<div style="display:inline-block;width:5.46px"> </div>reflective of historical<div style="display:inline-block;width:6.15px"> </div>drawdown<div style="display:inline-block;width:5.12px"> </div>and default<div style="display:inline-block;width:5.23px"> </div>patterns </div><div id="a144204" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:130.4px;">and the characteristics of the<div style="display:inline-block;width:4.66px"> </div>respective portfolios. </div><div id="a144207" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:153.3px;">Loss given default: </div><div id="a144208" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:112.312px;top:153.5px;">LGD represents an estimate<div style="display:inline-block;width:2.26px"> </div>of the loss at the time of a potential<div style="display:inline-block;width:2.17px"> </div>default occurring, taking<div style="display:inline-block;width:2.34px"> </div>into account </div><div id="a144210" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:168.7px;">expected<div style="display:inline-block;width:7.41px"> </div>future<div style="display:inline-block;width:6.8px"> </div>cash<div style="display:inline-block;width:7.14px"> </div>flows<div style="display:inline-block;width:7.19px"> </div>from<div style="display:inline-block;width:7.08px"> </div>collateral<div style="display:inline-block;width:6.47px"> </div>and<div style="display:inline-block;width:7.03px"> </div>other<div style="display:inline-block;width:7.19px"> </div>credit<div style="display:inline-block;width:6.92px"> </div>enhancements,<div style="display:inline-block;width:6.13px"> </div>or<div style="display:inline-block;width:7.62px"> </div>expected<div style="display:inline-block;width:6.47px"> </div>payouts<div style="display:inline-block;width:7.39px"> </div>from<div style="display:inline-block;width:6.6px"> </div>bankruptcy </div><div id="a144211" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:183.8px;">proceedings for unsecured<div style="display:inline-block;width:2.16px"> </div>claims and, where applicable,<div style="display:inline-block;width:1.37px"> </div>time to realization<div style="display:inline-block;width:2.03px"> </div>of collateral and the<div style="display:inline-block;width:2.09px"> </div>seniority of claims.<div style="display:inline-block;width:1.95px"> </div>LGD is </div><div id="a144213" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:199px;">commonly expressed<div style="display:inline-block;width:2.24px"> </div>as a percentage of<div style="display:inline-block;width:2.17px"> </div>EAD. </div><div id="a144216" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#E60000;left:4.905px;top:221.9px;">Estimation of expected credit losses </div><div id="a144223" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:244.6px;">Number of scenarios and estimation<div style="display:inline-block;width:5.2px"> </div>of scenario weights </div><div id="a144228" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:260px;">Determination of<div style="display:inline-block;width:1.98px"> </div>probability-weighted ECL<div style="display:inline-block;width:2.1px"> </div>requires evaluating<div style="display:inline-block;width:2.09px"> </div>a range of diverse<div style="display:inline-block;width:1.82px"> </div>and relevant future<div style="display:inline-block;width:2.04px"> </div>economic conditions, </div><div id="a144231" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:275.1px;">especially with a view<div style="display:inline-block;width:2.12px"> </div>to modeling the<div style="display:inline-block;width:1.7px"> </div>non-linear effect of assumptions<div style="display:inline-block;width:1.34px"> </div>about macroeconomic<div style="display:inline-block;width:2.33px"> </div>factors on the<div style="display:inline-block;width:2.14px"> </div>estimate.<div style="display:inline-block;width:2.68px"> </div></div><div id="a144236" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:297.8px;">To accommodate<div style="display:inline-block;width:6.25px"> </div>this requirement,<div style="display:inline-block;width:6.25px"> </div>UBS<div style="display:inline-block;width:5.25px"> </div>AG uses<div style="display:inline-block;width:6.13px"> </div>different<div style="display:inline-block;width:5.37px"> </div>economic<div style="display:inline-block;width:5.15px"> </div>scenarios<div style="display:inline-block;width:5.24px"> </div>in the<div style="display:inline-block;width:6.4px"> </div>ECL calculation.<div style="display:inline-block;width:6.52px"> </div>Each scenario<div style="display:inline-block;width:6.25px"> </div>is </div><div id="a144241" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:313px;">represented<div style="display:inline-block;width:5.88px"> </div>by a<div style="display:inline-block;width:6.25px"> </div>specific scenario<div style="display:inline-block;width:6.2px"> </div>narrative,<div style="display:inline-block;width:5.37px"> </div>which<div style="display:inline-block;width:5.4px"> </div>is<div style="display:inline-block;width:5.15px"> </div>relevant<div style="display:inline-block;width:5.03px"> </div>considering<div style="display:inline-block;width:5.7px"> </div>the exposure<div style="display:inline-block;width:6.37px"> </div>of key<div style="display:inline-block;width:6.1px"> </div>portfolios<div style="display:inline-block;width:5.39px"> </div>to<div style="display:inline-block;width:5.25px"> </div>economic </div><div id="a144243" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:328.6px;">risks, and for which<div style="display:inline-block;width:2.18px"> </div>a set of<div style="display:inline-block;width:2.05px"> </div>consistent macroeconomic variables is<div style="display:inline-block;width:2.28px"> </div>determined. The estimation of the appropriate weights </div><div id="a144245" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:343.8px;">for<div style="display:inline-block;width:5.57px"> </div>these<div style="display:inline-block;width:5.77px"> </div>scenarios<div style="display:inline-block;width:5.72px"> </div>is<div style="display:inline-block;width:5.62px"> </div>predominantly<div style="display:inline-block;width:6.05px"> </div>judgment-based.<div style="display:inline-block;width:6.67px"> </div>The<div style="display:inline-block;width:5.43px"> </div>assessment<div style="display:inline-block;width:5.77px"> </div>is<div style="display:inline-block;width:5.62px"> </div>based<div style="display:inline-block;width:5.66px"> </div>on<div style="display:inline-block;width:5.13px"> </div>a<div style="display:inline-block;width:5.67px"> </div>holistic review<div style="display:inline-block;width:6.87px"> </div>of<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>prevailing </div><div id="a144251" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:359.4px;">economic or<div style="display:inline-block;width:5.77px"> </div>political<div style="display:inline-block;width:5.78px"> </div>conditions,<div style="display:inline-block;width:5.33px"> </div>which may<div style="display:inline-block;width:6.1px"> </div>exhibit<div style="display:inline-block;width:5.04px"> </div>different levels<div style="display:inline-block;width:6.53px"> </div>of uncertainty.<div style="display:inline-block;width:6.31px"> </div>It takes<div style="display:inline-block;width:6.36px"> </div>into account<div style="display:inline-block;width:6.45px"> </div>the impact<div style="display:inline-block;width:5.89px"> </div>of </div><div id="a144252" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:374.5px;">changes in the nature<div style="display:inline-block;width:5.03px"> </div>and severity of the underlying scenario narratives<div style="display:inline-block;width:5.01px"> </div>and<div style="display:inline-block;width:4.44px"> </div>the projected economic variables.<div style="display:inline-block;width:8.5px"> </div></div><div id="a144256" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:397.7px;">The determined<div style="display:inline-block;width:5.08px"> </div>weights constitute<div style="display:inline-block;width:5.02px"> </div>the probabilities that<div style="display:inline-block;width:5.26px"> </div>the respective<div style="display:inline-block;width:5.03px"> </div>set of macroeconomic<div style="display:inline-block;width:5.23px"> </div>conditions will<div style="display:inline-block;width:5.12px"> </div>occur and </div><div id="a144257" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:412.8px;">not that the chosen particular narratives with<div style="display:inline-block;width:5.07px"> </div>the related macroeconomic variables<div style="display:inline-block;width:5.16px"> </div>will materialize. </div><div id="a144260" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:435.3px;">Macroeconomic and other factors </div><div id="a144264" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:450.7px;">The range<div style="display:inline-block;width:5.29px"> </div>of macroeconomic,<div style="display:inline-block;width:5.81px"> </div>market and<div style="display:inline-block;width:5.72px"> </div>other factors<div style="display:inline-block;width:5.47px"> </div>that is<div style="display:inline-block;width:5.15px"> </div>modeled as<div style="display:inline-block;width:5.7px"> </div>part of<div style="display:inline-block;width:5.25px"> </div>the scenario<div style="display:inline-block;width:5.35px"> </div>determination<div style="display:inline-block;width:5.19px"> </div>is wide, </div><div id="a144265" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:465.8px;">and historical information<div style="display:inline-block;width:5.91px"> </div>is used to<div style="display:inline-block;width:5.38px"> </div>support the identification<div style="display:inline-block;width:5.27px"> </div>of the key<div style="display:inline-block;width:5.31px"> </div>factors. As the<div style="display:inline-block;width:5.36px"> </div>forecast horizon<div style="display:inline-block;width:5.36px"> </div>increases, the </div><div id="a144267" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:481.4px;">availability of<div style="display:inline-block;width:5.9px"> </div>information<div style="display:inline-block;width:5.19px"> </div>decreases,<div style="display:inline-block;width:5.49px"> </div>requiring<div style="display:inline-block;width:5.26px"> </div>an increase<div style="display:inline-block;width:6.49px"> </div>in judgment.<div style="display:inline-block;width:6.38px"> </div>For<div style="display:inline-block;width:5.05px"> </div>cycle-sensitive PD<div style="display:inline-block;width:6.04px"> </div>and<div style="display:inline-block;width:5.13px"> </div>LGD<div style="display:inline-block;width:5.05px"> </div>determination </div><div id="a144270" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:496.6px;">purposes,<div style="display:inline-block;width:5.11px"> </div>UBS AG<div style="display:inline-block;width:5.77px"> </div>projects the<div style="display:inline-block;width:5.91px"> </div>relevant economic<div style="display:inline-block;width:6.03px"> </div>factors for<div style="display:inline-block;width:5.74px"> </div>a period<div style="display:inline-block;width:6.13px"> </div>of three<div style="display:inline-block;width:5.96px"> </div>years before<div style="display:inline-block;width:5.81px"> </div>reverting,<div style="display:inline-block;width:5.18px"> </div>over a<div style="display:inline-block;width:5.63px"> </div>specified </div><div id="a144275" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:512.2px;">period, to cycle-neutral PD and LGD for longer<div style="display:inline-block;width:1.64px"> </div>-term projections.<div style="display:inline-block;width:5.25px"> </div></div><div id="a144281" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:534.9px;">Factors relevant<div style="display:inline-block;width:5.62px"> </div>for ECL<div style="display:inline-block;width:5.63px"> </div>calculation<div style="display:inline-block;width:5.41px"> </div>vary by<div style="display:inline-block;width:5.22px"> </div>type of<div style="display:inline-block;width:5.68px"> </div>exposure.<div style="display:inline-block;width:5.37px"> </div>Regional and<div style="display:inline-block;width:5.84px"> </div>client-segment<div style="display:inline-block;width:5.13px"> </div>characteristics<div style="display:inline-block;width:5.02px"> </div>are generally </div><div id="a144284" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:550px;">taken into account, with specific focus<div style="display:inline-block;width:5.23px"> </div>on Switzerland and the US,<div style="display:inline-block;width:5.11px"> </div>considering UBS AG’s key ECL-relevant<div style="display:inline-block;width:5.04px"> </div>portfolios. </div><div id="a144292" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:572.7px;">For<div style="display:inline-block;width:6.47px"> </div>UBS<div style="display:inline-block;width:7.01px"> </div>AG,<div style="display:inline-block;width:6.77px"> </div>the<div style="display:inline-block;width:7.14px"> </div>following<div style="display:inline-block;width:7.07px"> </div>forward-looking<div style="display:inline-block;width:7.45px"> </div>macroeconomic<div style="display:inline-block;width:7.44px"> </div>variables<div style="display:inline-block;width:6.78px"> </div>represent<div style="display:inline-block;width:7.09px"> </div>the<div style="display:inline-block;width:7.14px"> </div>most<div style="display:inline-block;width:6.57px"> </div>relevant<div style="display:inline-block;width:6.92px"> </div>factors<div style="display:inline-block;width:7.41px"> </div>for<div style="display:inline-block;width:6.55px"> </div>ECL </div><div id="a144301" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:587.9px;">calculation:<div style="display:inline-block;width:4.13px"> </div></div><div id="a144303" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:603.5px;">–</div><div id="a144304" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:603.3px;"> </div><div id="a144305" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:603.5px;">GDP growth rates, given their significant<div style="display:inline-block;width:5.04px"> </div>effect on borrowers’<div style="display:inline-block;width:5.09px"> </div>performance;<div style="display:inline-block;width:4.44px"> </div></div><div id="a144307" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:618.6px;">–</div><div id="a144308" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:618.5px;"> </div><div id="a144309" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:618.6px;">unemployment rates, given their significant effect<div style="display:inline-block;width:5.14px"> </div>on private clients’ ability to meet<div style="display:inline-block;width:5.25px"> </div>contractual obligations;<div style="display:inline-block;width:5.05px"> </div></div><div id="a144312" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:634.2px;">–</div><div id="a144313" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:634.1px;"> </div><div id="a144314" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:634.2px;">house price indices, given their significant<div style="display:inline-block;width:5.04px"> </div>effect on mortgage collateral<div style="display:inline-block;width:5.02px"> </div>valuations;<div style="display:inline-block;width:4.73px"> </div></div><div id="a144316" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:649.4px;">–</div><div id="a144317" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:649.2px;"> </div><div id="a144318" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:649.4px;">interest rates, given their significant effect on<div style="display:inline-block;width:5.3px"> </div>counterparties’ abilities to service<div style="display:inline-block;width:5.36px"> </div>debt;<div style="display:inline-block;width:4.24px"> </div></div><div id="a144321" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:664.5px;">–</div><div id="a144322" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:664.4px;"> </div><div id="a144323" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:664.5px;">consumer price<div style="display:inline-block;width:5.67px"> </div>indices,<div style="display:inline-block;width:5.35px"> </div>given their<div style="display:inline-block;width:5.67px"> </div>overall relevance<div style="display:inline-block;width:6.62px"> </div>for companies’<div style="display:inline-block;width:5.98px"> </div>performance,<div style="display:inline-block;width:5.1px"> </div>private<div style="display:inline-block;width:5.26px"> </div>clients’ purchasing<div style="display:inline-block;width:6.88px"> </div>power </div><div id="a144324" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:680.1px;">and economic stability; and </div><div id="a144326" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:695.2px;">–</div><div id="a144327" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:695.1px;"> </div><div id="a144328" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:695.2px;">equity indices, given that they are an<div style="display:inline-block;width:5.1px"> </div>important factor in our corporate rating<div style="display:inline-block;width:5.44px"> </div>tools.<div style="display:inline-block;width:4.37px"> </div></div><div id="a144330" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:718.2px;">Scenario generation, review process and<div style="display:inline-block;width:5.31px"> </div>governance </div><div id="a144332" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:733.6px;">A team of<div style="display:inline-block;width:5.78px"> </div>economists, which<div style="display:inline-block;width:5.79px"> </div>is part<div style="display:inline-block;width:5.18px"> </div>of Group<div style="display:inline-block;width:5.94px"> </div>Risk Control,<div style="display:inline-block;width:5.67px"> </div>develop the<div style="display:inline-block;width:5.18px"> </div>forward-looking<div style="display:inline-block;width:6.09px"> </div>macroeconomic assumptions </div><div id="a144339" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:748.7px;">with involvement from a broad<div style="display:inline-block;width:5.59px"> </div>range of experts. </div><div id="a144343" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:771.4px;">The<div style="display:inline-block;width:5.4px"> </div>scenarios,<div style="display:inline-block;width:5.35px"> </div>their weight<div style="display:inline-block;width:6.77px"> </div>and<div style="display:inline-block;width:5.61px"> </div>the<div style="display:inline-block;width:5.25px"> </div>key macroeconomic<div style="display:inline-block;width:6.4px"> </div>and<div style="display:inline-block;width:5.61px"> </div>other<div style="display:inline-block;width:5.3px"> </div>factors<div style="display:inline-block;width:5.26px"> </div>are<div style="display:inline-block;width:5.29px"> </div>subject<div style="display:inline-block;width:5.2px"> </div>to<div style="display:inline-block;width:5.25px"> </div>a<div style="display:inline-block;width:5.2px"> </div>critical<div style="display:inline-block;width:5.12px"> </div>assessment<div style="display:inline-block;width:5.29px"> </div>by<div style="display:inline-block;width:5.2px"> </div>the </div><div id="a144344" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:786.5px;">IFRS 9 Scenario<div style="display:inline-block;width:6.43px"> </div>Sounding<div style="display:inline-block;width:5.84px"> </div>Sessions<div style="display:inline-block;width:5.18px"> </div>and<div style="display:inline-block;width:5.13px"> </div>ECL Management<div style="display:inline-block;width:6.08px"> </div>Forum, which<div style="display:inline-block;width:6.45px"> </div>include senior<div style="display:inline-block;width:6.64px"> </div>management<div style="display:inline-block;width:5.35px"> </div>from<div style="display:inline-block;width:5.06px"> </div>Group<div style="display:inline-block;width:5.32px"> </div>Risk </div><div id="a144349" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:802.2px;">and Group<div style="display:inline-block;width:5.83px"> </div>Finance. Important aspects<div style="display:inline-block;width:5.72px"> </div>for the<div style="display:inline-block;width:5.25px"> </div>review include<div style="display:inline-block;width:6.04px"> </div>whether there<div style="display:inline-block;width:5.64px"> </div>may be<div style="display:inline-block;width:5.15px"> </div>particular credit<div style="display:inline-block;width:5.14px"> </div>risk concerns<div style="display:inline-block;width:5.9px"> </div>that </div><div id="a144351" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:817.3px;">may not be<div style="display:inline-block;width:5.51px"> </div>capable of being<div style="display:inline-block;width:5.11px"> </div>addressed systematically and<div style="display:inline-block;width:5.32px"> </div>require post-model<div style="display:inline-block;width:5.38px"> </div>adjustments for stage<div style="display:inline-block;width:5.07px"> </div>allocation and<div style="display:inline-block;width:5.18px"> </div>ECL </div><div id="a144354" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:832.9px;">allowance.<div style="display:inline-block;width:4.02px"> </div></div><div id="a144357" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:855.6px;">The<div style="display:inline-block;width:5.4px"> </div>Group<div style="display:inline-block;width:5.79px"> </div>Model<div style="display:inline-block;width:5.08px"> </div>Governance<div style="display:inline-block;width:5.38px"> </div>Committee<div style="display:inline-block;width:5.31px"> </div>(the<div style="display:inline-block;width:5.36px"> </div>GMGC),<div style="display:inline-block;width:5.4px"> </div>as<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>highest<div style="display:inline-block;width:5.6px"> </div>authority<div style="display:inline-block;width:5.04px"> </div>under<div style="display:inline-block;width:6.13px"> </div>UBS<div style="display:inline-block;width:5.87px"> </div>AG’s<div style="display:inline-block;width:5.44px"> </div>model<div style="display:inline-block;width:5.35px"> </div>governance </div><div id="a144361" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:870.8px;">framework, ratifies the decisions<div style="display:inline-block;width:5.03px"> </div>taken by the ECL Management Forum.</div></div><div id="TextBlockContainer1005" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:641px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a144408" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:0px;">ECL measurement period<div style="display:inline-block;width:4.97px"> </div></div><div id="a144413" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.9px;">The period<div style="display:inline-block;width:5.38px"> </div>for which lifetime ECL are<div style="display:inline-block;width:5.45px"> </div>determined is<div style="display:inline-block;width:5.29px"> </div>based on the<div style="display:inline-block;width:5.37px"> </div>maximum contractual period<div style="display:inline-block;width:5.78px"> </div>that UBS AG is<div style="display:inline-block;width:5.29px"> </div>exposed </div><div id="a144414" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:31px;">to<div style="display:inline-block;width:6.2px"> </div>credit<div style="display:inline-block;width:5.98px"> </div>risk,<div style="display:inline-block;width:6.52px"> </div>taking<div style="display:inline-block;width:6.29px"> </div>into<div style="display:inline-block;width:6.29px"> </div>account<div style="display:inline-block;width:6.2px"> </div>contractual<div style="display:inline-block;width:6.26px"> </div>extension,<div style="display:inline-block;width:6.45px"> </div>termination<div style="display:inline-block;width:6.41px"> </div>and<div style="display:inline-block;width:6.55px"> </div>prepayment<div style="display:inline-block;width:6.33px"> </div>options.<div style="display:inline-block;width:7.2px"> </div>For<div style="display:inline-block;width:5.99px"> </div>irrevocable<div style="display:inline-block;width:6.34px"> </div>loan </div><div id="a144416" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:46.6px;">commitments<div style="display:inline-block;width:5.06px"> </div>and<div style="display:inline-block;width:5.13px"> </div>financial guarantee<div style="display:inline-block;width:5.82px"> </div>contracts, the<div style="display:inline-block;width:5.52px"> </div>measurement<div style="display:inline-block;width:5.28px"> </div>period<div style="display:inline-block;width:5.08px"> </div>represents<div style="display:inline-block;width:5.72px"> </div>the maximum<div style="display:inline-block;width:5.26px"> </div>contractual<div style="display:inline-block;width:5.31px"> </div>period </div><div id="a144417" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61.8px;">for which UBS AG has an<div style="display:inline-block;width:5.26px"> </div>obligation to extend credit. </div><div id="a144419" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:84.5px;">Additionally, some financial instruments include both<div style="display:inline-block;width:5.34px"> </div>an on-demand loan and a revocable undrawn commitment, where </div><div id="a144423" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.6px;">the contractual cancellation right<div style="display:inline-block;width:5.03px"> </div>does not limit UBS AG’s exposure<div style="display:inline-block;width:5.58px"> </div>to credit risk to the contractual notice period,<div style="display:inline-block;width:5.26px"> </div>as the </div><div id="a144429" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:115.2px;">client has the ability<div style="display:inline-block;width:1.68px"> </div>to draw down funds<div style="display:inline-block;width:2.2px"> </div>before UBS AG can<div style="display:inline-block;width:1.72px"> </div>take risk-mitigating actions. In<div style="display:inline-block;width:2.29px"> </div>such cases UBS<div style="display:inline-block;width:2.23px"> </div>AG is required </div><div id="a144441" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:130.4px;">to estimate<div style="display:inline-block;width:5.31px"> </div>the period<div style="display:inline-block;width:6.18px"> </div>over which<div style="display:inline-block;width:5.83px"> </div>it is exposed<div style="display:inline-block;width:6.02px"> </div>to credit<div style="display:inline-block;width:5.66px"> </div>risk. This<div style="display:inline-block;width:5.35px"> </div>applies to<div style="display:inline-block;width:5.6px"> </div>UBS AG’s<div style="display:inline-block;width:5.67px"> </div>credit card<div style="display:inline-block;width:5.69px"> </div>limits, which<div style="display:inline-block;width:5.52px"> </div>do not </div><div id="a144445" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:146px;">have a defined<div style="display:inline-block;width:5.76px"> </div>contractual maturity date,<div style="display:inline-block;width:5.9px"> </div>are callable on<div style="display:inline-block;width:5.59px"> </div>demand and<div style="display:inline-block;width:5.69px"> </div>where the drawn<div style="display:inline-block;width:5.26px"> </div>and undrawn<div style="display:inline-block;width:5.87px"> </div>components are </div><div id="a144447" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:161.1px;">managed as<div style="display:inline-block;width:5.34px"> </div>one exposure. The<div style="display:inline-block;width:5.72px"> </div>exposure arising from<div style="display:inline-block;width:5.55px"> </div>UBS AG’s<div style="display:inline-block;width:5.14px"> </div>credit card limits is<div style="display:inline-block;width:5.28px"> </div>not significant and<div style="display:inline-block;width:5.9px"> </div>is managed<div style="display:inline-block;width:5.23px"> </div>at a </div><div id="a144451" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:176.2px;">portfolio level, with<div style="display:inline-block;width:5.77px"> </div>credit actions<div style="display:inline-block;width:5.13px"> </div>triggered when<div style="display:inline-block;width:5.62px"> </div>balances are<div style="display:inline-block;width:5.07px"> </div>past due. An<div style="display:inline-block;width:5.43px"> </div>ECL measurement period<div style="display:inline-block;width:5.79px"> </div>of seven years<div style="display:inline-block;width:5.2px"> </div>is </div><div id="a144452" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:191.9px;">applied for credit card limits, capped at<div style="display:inline-block;width:2.07px"> </div>12 months for stage 1 balances, as a proxy for the period that<div style="display:inline-block;width:2.02px"> </div>UBS AG is exposed </div><div id="a144460" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:207px;">to credit risk. </div><div id="a144462" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:230.2px;">Customary master credit<div style="display:inline-block;width:1.97px"> </div>agreements in the<div style="display:inline-block;width:2.01px"> </div>Swiss corporate market<div style="display:inline-block;width:2.16px"> </div>also include<div style="display:inline-block;width:2.34px"> </div>on-demand loans and revocable<div style="display:inline-block;width:2.01px"> </div>undrawn </div><div id="a144466" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:245.3px;">commitments.<div style="display:inline-block;width:6.64px"> </div>For<div style="display:inline-block;width:5.99px"> </div>smaller<div style="display:inline-block;width:6.63px"> </div>commercial<div style="display:inline-block;width:6.93px"> </div>facilities,<div style="display:inline-block;width:6.41px"> </div>a<div style="display:inline-block;width:6.15px"> </div>risk-based<div style="display:inline-block;width:6.75px"> </div>monitoring<div style="display:inline-block;width:6.49px"> </div>(RbM)<div style="display:inline-block;width:6.81px"> </div>approach<div style="display:inline-block;width:6.84px"> </div>is<div style="display:inline-block;width:6.09px"> </div>in<div style="display:inline-block;width:6.25px"> </div>place<div style="display:inline-block;width:6.04px"> </div>that<div style="display:inline-block;width:6.04px"> </div>highlights </div><div id="a144471" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:260.5px;">negative<div style="display:inline-block;width:6.09px"> </div>trends<div style="display:inline-block;width:6.53px"> </div>as<div style="display:inline-block;width:6.2px"> </div>risk<div style="display:inline-block;width:6.41px"> </div>events,<div style="display:inline-block;width:6.15px"> </div>at<div style="display:inline-block;width:6.59px"> </div>an<div style="display:inline-block;width:6.35px"> </div>individual<div style="display:inline-block;width:6.34px"> </div>facility<div style="display:inline-block;width:6.54px"> </div>level,<div style="display:inline-block;width:6.31px"> </div>based<div style="display:inline-block;width:6.6px"> </div>on<div style="display:inline-block;width:6.55px"> </div>a<div style="display:inline-block;width:6.15px"> </div>combination<div style="display:inline-block;width:6.91px"> </div>of<div style="display:inline-block;width:6.2px"> </div>continuously<div style="display:inline-block;width:6.64px"> </div>updated<div style="display:inline-block;width:6.8px"> </div>risk </div><div id="a144473" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:276.1px;">indicators. The risk events<div style="display:inline-block;width:2.14px"> </div>trigger additional credit reviews<div style="display:inline-block;width:2.15px"> </div>by a risk officer,<div style="display:inline-block;width:2.05px"> </div>enabling informed credit decisions to<div style="display:inline-block;width:2.18px"> </div>be taken. </div><div id="a144475" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:291.2px;">Larger corporate facilities are not subject to<div style="display:inline-block;width:5.12px"> </div>RbM, but are reviewed<div style="display:inline-block;width:5.08px"> </div>at least annually through a formal credit review. UBS </div><div id="a144478" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:306.4px;">AG has assessed these credit risk management practices and considers both the<div style="display:inline-block;width:2.33px"> </div>RbM approach and formal credit reviews </div><div id="a144481" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:322px;">as substantive<div style="display:inline-block;width:5.45px"> </div>credit reviews<div style="display:inline-block;width:5.07px"> </div>resulting<div style="display:inline-block;width:5.11px"> </div>in a re<div style="display:inline-block;width:1.5px"> </div>-origination o<div style="display:inline-block;width:1.51px"> </div>f<div style="display:inline-block;width:4.1px"> </div>the given<div style="display:inline-block;width:5.45px"> </div>facility. Following<div style="display:inline-block;width:6px"> </div>this, a 12<div style="display:inline-block;width:1.81px"> </div>-month measurement </div><div id="a144487" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:337.1px;">period from<div style="display:inline-block;width:5.16px"> </div>the reporting date<div style="display:inline-block;width:5.52px"> </div>is used<div style="display:inline-block;width:5.23px"> </div>for both types<div style="display:inline-block;width:5.18px"> </div>of facilities as an<div style="display:inline-block;width:5.41px"> </div>appropriate proxy of<div style="display:inline-block;width:5.56px"> </div>the period<div style="display:inline-block;width:5.23px"> </div>over which UBS </div><div id="a144489" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:352.7px;">AG is<div style="display:inline-block;width:2.02px"> </div>exposed to credit<div style="display:inline-block;width:1.96px"> </div>risk, with 12<div style="display:inline-block;width:1.98px"> </div>months also used<div style="display:inline-block;width:2.1px"> </div>as a<div style="display:inline-block;width:2.04px"> </div>look-back period for<div style="display:inline-block;width:2.24px"> </div>assessing SICR, always from<div style="display:inline-block;width:1.52px"> </div>the respective </div><div id="a144498" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:367.9px;">reporting date. </div><div id="a144500" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:390.3px;">Significant increase in credit risk<div style="display:inline-block;width:5.27px"> </div></div><div id="a144502" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:405.7px;">Financial<div style="display:inline-block;width:5.83px"> </div>instruments<div style="display:inline-block;width:6.13px"> </div>subject<div style="display:inline-block;width:5.67px"> </div>to ECL<div style="display:inline-block;width:5.78px"> </div>are monitored<div style="display:inline-block;width:7.29px"> </div>on an<div style="display:inline-block;width:5.44px"> </div>ongoing<div style="display:inline-block;width:5.84px"> </div>basis.<div style="display:inline-block;width:5.5px"> </div>To<div style="display:inline-block;width:5.93px"> </div>determine<div style="display:inline-block;width:5.99px"> </div>whether<div style="display:inline-block;width:5.88px"> </div>the recognition<div style="display:inline-block;width:7.31px"> </div>of a </div><div id="a144503" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:421.3px;">maximum<div style="display:inline-block;width:6.06px"> </div>12-month<div style="display:inline-block;width:6.76px"> </div>ECL<div style="display:inline-block;width:5.63px"> </div>continues<div style="display:inline-block;width:6.55px"> </div>to<div style="display:inline-block;width:5.25px"> </div>be<div style="display:inline-block;width:5.4px"> </div>appropriate,<div style="display:inline-block;width:7.3px"> </div>an<div style="display:inline-block;width:5.4px"> </div>assessment<div style="display:inline-block;width:7.19px"> </div>is<div style="display:inline-block;width:5.15px"> </div>made<div style="display:inline-block;width:5.72px"> </div>as<div style="display:inline-block;width:5.72px"> </div>to whether<div style="display:inline-block;width:7.92px"> </div>an SICR<div style="display:inline-block;width:7.18px"> </div>has<div style="display:inline-block;width:5.45px"> </div>occurred </div><div id="a144507" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:436.5px;">since initial<div style="display:inline-block;width:5.83px"> </div>recognition<div style="display:inline-block;width:5.73px"> </div>of the<div style="display:inline-block;width:5.4px"> </div>financial instrument<div style="display:inline-block;width:3.28px"> </div>,<div style="display:inline-block;width:3.89px"> </div>applying<div style="display:inline-block;width:5.16px"> </div>both quantitative<div style="display:inline-block;width:6.91px"> </div>and qualitative<div style="display:inline-block;width:6.71px"> </div>factors.<div style="display:inline-block;width:5.49px"> </div></div><div id="a144512" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:459.6px;">Primarily, UBS AG assesses changes in an instrument’s<div style="display:inline-block;width:2.16px"> </div>risk of default on a quantitative basis by comparing the<div style="display:inline-block;width:2.04px"> </div>annualized </div><div id="a144518" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:474.8px;">forward-looking and<div style="display:inline-block;width:5.06px"> </div>scenario-weighted lifetime PD of an instrument determined<div style="display:inline-block;width:5.73px"> </div>at two different dates:<div style="display:inline-block;width:5.2px"> </div></div><div id="a144524" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:489.9px;">–</div><div id="a144525" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:489.8px;"> </div><div id="a144526" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:489.9px;">at the reporting date; and<div style="display:inline-block;width:4.76px"> </div></div><div id="a144528" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:505.1px;">–</div><div id="a144529" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:504.9px;"> </div><div id="a144530" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:505.1px;">at inception of the instrument. </div><div id="a144532" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:528.2px;">If, based<div style="display:inline-block;width:5.13px"> </div>on UBS<div style="display:inline-block;width:5.19px"> </div>AG’s quantitative<div style="display:inline-block;width:5.24px"> </div>modeling, an<div style="display:inline-block;width:5.59px"> </div>increase exceeds a<div style="display:inline-block;width:5.41px"> </div>set threshold,<div style="display:inline-block;width:5.99px"> </div>an SICR<div style="display:inline-block;width:5.29px"> </div>is deemed<div style="display:inline-block;width:5.03px"> </div>to have occurred </div><div id="a144537" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:543.4px;">and the instrument is transferred to<div style="display:inline-block;width:5.09px"> </div>stage 2 with lifetime ECL recognized. </div><div id="a144541" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:566.1px;">The threshold<div style="display:inline-block;width:5.72px"> </div>applied varies depending<div style="display:inline-block;width:6.51px"> </div>on the<div style="display:inline-block;width:5.29px"> </div>original credit<div style="display:inline-block;width:5.28px"> </div>quality of<div style="display:inline-block;width:5.67px"> </div>the borrower,<div style="display:inline-block;width:5.75px"> </div>with a higher<div style="display:inline-block;width:5.81px"> </div>SICR threshold<div style="display:inline-block;width:6.18px"> </div>set </div><div id="a144544" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:581.2px;">for those<div style="display:inline-block;width:5.98px"> </div>instruments with<div style="display:inline-block;width:5.82px"> </div>a low<div style="display:inline-block;width:5.98px"> </div>PD at<div style="display:inline-block;width:5.78px"> </div>inception. The<div style="display:inline-block;width:5.86px"> </div>SICR assessment<div style="display:inline-block;width:5.65px"> </div>based on<div style="display:inline-block;width:6.16px"> </div>PD changes<div style="display:inline-block;width:5.91px"> </div>is made<div style="display:inline-block;width:5.3px"> </div>at an<div style="display:inline-block;width:5.83px"> </div>individual </div><div id="a144545" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:596.8px;">financial asset<div style="display:inline-block;width:5.46px"> </div>level. A<div style="display:inline-block;width:6.1px"> </div>high-level overview<div style="display:inline-block;width:5.33px"> </div>of the<div style="display:inline-block;width:5.4px"> </div>SICR<div style="display:inline-block;width:5.07px"> </div>trigger, which<div style="display:inline-block;width:5.76px"> </div>is a<div style="display:inline-block;width:5.25px"> </div>multiple of<div style="display:inline-block;width:5.61px"> </div>the annualized<div style="display:inline-block;width:5.75px"> </div>remaining<div style="display:inline-block;width:5.06px"> </div>lifetime </div><div id="a144550" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:612px;">PIT<div style="display:inline-block;width:5.1px"> </div>PD<div style="display:inline-block;width:5.36px"> </div>expressed<div style="display:inline-block;width:5.65px"> </div>in<div style="display:inline-block;width:5.3px"> </div>rating downgrades<div style="display:inline-block;width:1.65px"> </div>,<div style="display:inline-block;width:5.33px"> </div>is provided<div style="display:inline-block;width:6.79px"> </div>in the<div style="display:inline-block;width:6.4px"> </div>“SICR<div style="display:inline-block;width:5.18px"> </div>thresholds”<div style="display:inline-block;width:5.67px"> </div>table below.<div style="display:inline-block;width:6.49px"> </div>The<div style="display:inline-block;width:5.4px"> </div>actual SICR<div style="display:inline-block;width:6.72px"> </div>thresholds </div><div id="a144554" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:627.1px;">applied are defined on<div style="display:inline-block;width:5.33px"> </div>a more granular level by interpolating between the<div style="display:inline-block;width:5.07px"> </div>values shown in<div style="display:inline-block;width:5.12px"> </div>the table.</div></div><div id="TextBlockContainer1009" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:105px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a144606" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Irrespective of<div style="display:inline-block;width:5.72px"> </div>the SICR<div style="display:inline-block;width:6.65px"> </div>assessment based<div style="display:inline-block;width:6.32px"> </div>on<div style="display:inline-block;width:5.13px"> </div>default probabilities,<div style="display:inline-block;width:6.25px"> </div>credit risk<div style="display:inline-block;width:5.87px"> </div>is generally<div style="display:inline-block;width:6.04px"> </div>deemed to<div style="display:inline-block;width:6.08px"> </div>have significantly </div><div id="a144608" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">increased<div style="display:inline-block;width:6.38px"> </div>for<div style="display:inline-block;width:6.04px"> </div>an<div style="display:inline-block;width:6.35px"> </div>instrument<div style="display:inline-block;width:6.09px"> </div>if<div style="display:inline-block;width:5.89px"> </div>the<div style="display:inline-block;width:6.2px"> </div>contractual<div style="display:inline-block;width:6.26px"> </div>payments<div style="display:inline-block;width:6.31px"> </div>are<div style="display:inline-block;width:6.23px"> </div>more<div style="display:inline-block;width:6.28px"> </div>than<div style="display:inline-block;width:6.4px"> </div>30<div style="display:inline-block;width:6.08px"> </div>days<div style="display:inline-block;width:5.72px"> </div>past<div style="display:inline-block;width:6.25px"> </div>due.<div style="display:inline-block;width:6.76px"> </div>For<div style="display:inline-block;width:5.99px"> </div>certain<div style="display:inline-block;width:5.74px"> </div>less<div style="display:inline-block;width:6.14px"> </div>material </div><div id="a144612" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.3px;">portfolios, specifically the Swiss<div style="display:inline-block;width:5.03px"> </div>credit card<div style="display:inline-block;width:4.2px"> </div>portfolio,<div style="display:inline-block;width:4.05px"> </div>the 30-day past due criterion<div style="display:inline-block;width:5.51px"> </div>is used as the<div style="display:inline-block;width:5.06px"> </div>primary indicator of an </div><div id="a144617" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.9px;">SICR. Where instruments are transferred to stage 2 due to<div style="display:inline-block;width:2.34px"> </div>the 30-day past due criterion, a<div style="display:inline-block;width:1.98px"> </div>minimum period of six<div style="display:inline-block;width:2.08px"> </div>months </div><div id="a144622" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61px;">is applied before a transfer<div style="display:inline-block;width:2.16px"> </div>back to stage 1 can be triggered. For<div style="display:inline-block;width:2.17px"> </div>instruments in Personal &amp; Corporate Banking and Global </div><div id="a144626" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;">Wealth Management<div style="display:inline-block;width:5.16px"> </div>Region Switzerland<div style="display:inline-block;width:5.33px"> </div>that are between<div style="display:inline-block;width:5.75px"> </div>90 and 180 days<div style="display:inline-block;width:5.56px"> </div>past due but<div style="display:inline-block;width:5.22px"> </div>have not been<div style="display:inline-block;width:5.12px"> </div>reclassified to </div><div id="a144627" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:91.8px;">stage 3, a one-year period is applied<div style="display:inline-block;width:5.46px"> </div>before a transfer back to stage 1 can<div style="display:inline-block;width:5.03px"> </div>be triggered.</div></div><div id="TextBlockContainer1013" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:243px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a144674" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Additionally,<div style="display:inline-block;width:6.24px"> </div>based<div style="display:inline-block;width:6.13px"> </div>on<div style="display:inline-block;width:6.08px"> </div>individual<div style="display:inline-block;width:5.86px"> </div>counterparty-specific<div style="display:inline-block;width:5.9px"> </div>indicators,<div style="display:inline-block;width:6.19px"> </div>external<div style="display:inline-block;width:6.44px"> </div>market<div style="display:inline-block;width:5.69px"> </div>indicators<div style="display:inline-block;width:6.09px"> </div>of<div style="display:inline-block;width:5.72px"> </div>credit<div style="display:inline-block;width:5.98px"> </div>risk<div style="display:inline-block;width:5.94px"> </div>or<div style="display:inline-block;width:5.72px"> </div>general </div><div id="a144677" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">economic conditions, counterparties may be moved<div style="display:inline-block;width:5.15px"> </div>to a watch list, which is used as a secondary qualitative indicator for </div><div id="a144679" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">an<div style="display:inline-block;width:6.35px"> </div>SICR.<div style="display:inline-block;width:6.03px"> </div>Exception<div style="display:inline-block;width:6.09px"> </div>management<div style="display:inline-block;width:6.29px"> </div>is<div style="display:inline-block;width:6.09px"> </div>further<div style="display:inline-block;width:5.94px"> </div>applied,<div style="display:inline-block;width:6.65px"> </div>allowing<div style="display:inline-block;width:6.07px"> </div>for<div style="display:inline-block;width:6.04px"> </div>individual<div style="display:inline-block;width:5.86px"> </div>and<div style="display:inline-block;width:6.08px"> </div>collective<div style="display:inline-block;width:5.75px"> </div>adjustments<div style="display:inline-block;width:6.29px"> </div>on<div style="display:inline-block;width:6.55px"> </div>exposures </div><div id="a144680" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.4px;">sharing the same credit risk characteristics<div style="display:inline-block;width:5.03px"> </div>to take account of specific situa<div style="display:inline-block;width:1.67px"> </div>tions that are not otherwise<div style="display:inline-block;width:5.25px"> </div>fully reflected.<div style="display:inline-block;width:4.41px"> </div></div><div id="a144683" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:69.1px;">In general, the overall SICR determination process does not apply to Lombard loans, securities financing transactions and </div><div id="a144685" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:84.2px;">certain<div style="display:inline-block;width:6.21px"> </div>other<div style="display:inline-block;width:6.25px"> </div>asset-based<div style="display:inline-block;width:6.93px"> </div>lending<div style="display:inline-block;width:6.75px"> </div>transactions,<div style="display:inline-block;width:7.14px"> </div>because<div style="display:inline-block;width:6.4px"> </div>of<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:6.67px"> </div>risk<div style="display:inline-block;width:6.41px"> </div>management<div style="display:inline-block;width:6.77px"> </div>practices<div style="display:inline-block;width:6.06px"> </div>adopted,<div style="display:inline-block;width:6.91px"> </div>including<div style="display:inline-block;width:6.64px"> </div>daily </div><div id="a144688" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.3px;">monitoring<div style="display:inline-block;width:5.07px"> </div>processes<div style="display:inline-block;width:5.16px"> </div>with strict<div style="display:inline-block;width:5.11px"> </div>margining.<div style="display:inline-block;width:5.6px"> </div>If margin<div style="display:inline-block;width:5.52px"> </div>calls are<div style="display:inline-block;width:5.5px"> </div>not satisfied,<div style="display:inline-block;width:6.39px"> </div>a position<div style="display:inline-block;width:6.28px"> </div>is closed<div style="display:inline-block;width:5.4px"> </div>out<div style="display:inline-block;width:5.32px"> </div>and classified<div style="display:inline-block;width:5.34px"> </div>as a </div><div id="a144690" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:115px;">stage 3 position. In exceptional cases, an individual adjustment<div style="display:inline-block;width:5.05px"> </div>and a transfer into stage 2 may be made to take account </div><div id="a144697" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:130.1px;">of specific facts. </div><div id="a144699" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:153.3px;">Credit risk<div style="display:inline-block;width:5.79px"> </div>officers are<div style="display:inline-block;width:5.59px"> </div>responsible<div style="display:inline-block;width:5.51px"> </div>for the<div style="display:inline-block;width:5.25px"> </div>identification<div style="display:inline-block;width:5.06px"> </div>of an<div style="display:inline-block;width:5.56px"> </div>SICR,<div style="display:inline-block;width:5.15px"> </div>which for<div style="display:inline-block;width:5.44px"> </div>accounting<div style="display:inline-block;width:5.08px"> </div>purposes<div style="display:inline-block;width:5.07px"> </div>is in<div style="display:inline-block;width:5.35px"> </div>some respects </div><div id="a144709" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:168.4px;">different<div style="display:inline-block;width:7.73px"> </div>from<div style="display:inline-block;width:8.02px"> </div>internal<div style="display:inline-block;width:8.16px"> </div>credit<div style="display:inline-block;width:7.87px"> </div>risk<div style="display:inline-block;width:7.83px"> </div>management<div style="display:inline-block;width:7.71px"> </div>processes</div><div id="a144710" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:349.872px;top:168.4px;">.<div style="display:inline-block;width:8.14px"> </div>This<div style="display:inline-block;width:7.71px"> </div>difference</div><div id="a144711" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:448.298px;top:168.4px;"> </div><div id="a144712" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:455.872px;top:168.4px;">mainly </div><div id="a144713" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:500.832px;top:168.4px;">arises </div><div id="a144714" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:539.605px;top:168.4px;">because<div style="display:inline-block;width:8.29px"> </div>ECL<div style="display:inline-block;width:7.52px"> </div>accounting </div><div id="a144715" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:183.6px;">requirements are instrument-specific, such that a borrower can<div style="display:inline-block;width:2.27px"> </div>have multiple exposures allocated to different stages, and </div><div id="a144719" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:198.7px;">maturing loans in stage 2<div style="display:inline-block;width:5.08px"> </div>will migrate to stage 1 upon renewal irrespective of the actual<div style="display:inline-block;width:5.02px"> </div>credit risk at that time. Under a </div><div id="a144726" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:214.3px;">risk-based<div style="display:inline-block;width:6.27px"> </div>approach,<div style="display:inline-block;width:6.94px"> </div>a<div style="display:inline-block;width:6.15px"> </div>holistic<div style="display:inline-block;width:5.46px"> </div>counterparty<div style="display:inline-block;width:6.88px"> </div>credit<div style="display:inline-block;width:5.98px"> </div>assessment<div style="display:inline-block;width:6.24px"> </div>and<div style="display:inline-block;width:6.55px"> </div>the<div style="display:inline-block;width:6.2px"> </div>absolute<div style="display:inline-block;width:6.55px"> </div>level<div style="display:inline-block;width:5.74px"> </div>of<div style="display:inline-block;width:6.2px"> </div>risk<div style="display:inline-block;width:5.94px"> </div>at<div style="display:inline-block;width:5.99px"> </div>any<div style="display:inline-block;width:6.15px"> </div>given<div style="display:inline-block;width:6.72px"> </div>date<div style="display:inline-block;width:6.2px"> </div>will </div><div id="a144729" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:229.5px;">determine what risk-mitigating actions<div style="display:inline-block;width:5.04px"> </div>may be warranted.</div></div><div id="TextBlockContainer1015" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:219px;height:10px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a144748" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Critical accounting estimates and judgments</div></div><div id="TextBlockContainer1017" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:674px;height:317px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a144750" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:0px;">The calculation of ECL requires management to apply significant judgment and make<div style="display:inline-block;width:4.15px"> </div>estimates and assumptions that can result in significant changes to the </div><div id="a144752" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:13.2px;">timing and amount of ECL recognized.<div style="display:inline-block;width:4.25px"> </div></div><div id="a144755" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:3.679px;top:39.6px;">Determination of a significant<div style="display:inline-block;width:4.24px"> </div>increase in credit risk<div style="display:inline-block;width:3.12px"> </div></div><div id="a144757" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:53.5px;">IFRS 9 does<div style="display:inline-block;width:4.5px"> </div>not include a definition<div style="display:inline-block;width:4.85px"> </div>of what constitutes an<div style="display:inline-block;width:4.39px"> </div>SICR,<div style="display:inline-block;width:3.58px"> </div>with UBS AG’s assessment<div style="display:inline-block;width:4.88px"> </div>considering qualitative and<div style="display:inline-block;width:4.57px"> </div>quantitative criteria.<div style="display:inline-block;width:4.13px"> </div>An IFRS 9 ECL </div><div id="a144775" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:66.7px;">Management Forum has<div style="display:inline-block;width:4.14px"> </div>been established to review and challenge the SICR<div style="display:inline-block;width:4.35px"> </div>results. </div><div id="a144782" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:3.679px;top:93px;">Scenarios, scenario weight<div style="display:inline-block;width:1.54px"> </div>s<div style="display:inline-block;width:2.28px"> </div>and macroeconomic variables<div style="display:inline-block;width:3.48px"> </div></div><div id="a144787" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:106.4px;">ECL reflect<div style="display:inline-block;width:5.59px"> </div>an unbiased<div style="display:inline-block;width:4.93px"> </div>and<div style="display:inline-block;width:4.39px"> </div>probability-weighted<div style="display:inline-block;width:4.21px"> </div>amount,<div style="display:inline-block;width:4.32px"> </div>which UBS<div style="display:inline-block;width:4.93px"> </div>AG determines<div style="display:inline-block;width:5.12px"> </div>by evaluating<div style="display:inline-block;width:5.19px"> </div>a range<div style="display:inline-block;width:5.35px"> </div>of possible<div style="display:inline-block;width:4.86px"> </div>outcomes.<div style="display:inline-block;width:4.24px"> </div>Management<div style="display:inline-block;width:4.64px"> </div>selects </div><div id="a144798" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:120.2px;">forward-looking scenarios that include relevant macroeconomic variables<div style="display:inline-block;width:1.06px"> </div>and management’s assumptions around future<div style="display:inline-block;width:1.28px"> </div>economic conditions. IFRS 9<div style="display:inline-block;width:1.24px"> </div>Scenario </div><div id="a144808" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:133.4px;">Sounding Sessions,<div style="display:inline-block;width:4.11px"> </div>in addition to<div style="display:inline-block;width:4.62px"> </div>the IFRS 9 ECL Management<div style="display:inline-block;width:5.02px"> </div>Forum, are in place<div style="display:inline-block;width:4.82px"> </div>to derive,<div style="display:inline-block;width:3.81px"> </div>review and challenge<div style="display:inline-block;width:4.42px"> </div>the scenario selection<div style="display:inline-block;width:4.1px"> </div>and weights, and </div><div id="a144823" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:146.7px;">to determine whether any<div style="display:inline-block;width:4.15px"> </div>additional post-model adjustments are<div style="display:inline-block;width:4.38px"> </div>required that may significantly affect ECL<div style="display:inline-block;width:1.41px"> </div>.<div style="display:inline-block;width:2.45px"> </div></div><div id="a144830" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:3.679px;top:173px;">ECL measurement period </div><div id="a144832" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:186.9px;">Lifetime ECL are generally determined based upon the contractual maturity of the transaction, which significantly affects ECL.<div style="display:inline-block;width:4.2px"> </div>For credit card limits and Swiss </div><div id="a144837" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:200.1px;">callable master<div style="display:inline-block;width:4.74px"> </div>credit facilities,<div style="display:inline-block;width:4.93px"> </div>judgment is<div style="display:inline-block;width:4.24px"> </div>required,<div style="display:inline-block;width:4.05px"> </div>as UBS<div style="display:inline-block;width:4.4px"> </div>AG must<div style="display:inline-block;width:4.12px"> </div>determine<div style="display:inline-block;width:4.25px"> </div>the period<div style="display:inline-block;width:4.16px"> </div>over<div style="display:inline-block;width:3.61px"> </div>which it<div style="display:inline-block;width:4.17px"> </div>is exposed<div style="display:inline-block;width:4.63px"> </div>to credit<div style="display:inline-block;width:4.6px"> </div>risk. A<div style="display:inline-block;width:4.25px"> </div>seven-year period<div style="display:inline-block;width:4.65px"> </div>is </div><div id="a144849" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:213.4px;">applied for credit card limits,<div style="display:inline-block;width:4.37px"> </div>capped at 12 months for stage 1 positions,<div style="display:inline-block;width:4.33px"> </div>and a 12-month period applied for master credit<div style="display:inline-block;width:4.45px"> </div>facilities.<div style="display:inline-block;width:2.51px"> </div></div><div id="a144856" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:3.679px;top:239.7px;">Modeling and post-model adjustments </div><div id="a144861" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:253.6px;">A number of<div style="display:inline-block;width:4.55px"> </div>complex models have been<div style="display:inline-block;width:4.93px"> </div>developed or modified<div style="display:inline-block;width:4.3px"> </div>to calculate ECL,<div style="display:inline-block;width:4.19px"> </div>with additional post<div style="display:inline-block;width:1.37px"> </div>-model adjustments required<div style="display:inline-block;width:5.13px"> </div>which may significantly </div><div id="a144865" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:266.8px;">affect ECL. The models<div style="display:inline-block;width:4.28px"> </div>are governed by UBS AG’s model<div style="display:inline-block;width:4.57px"> </div>validation controls and approved<div style="display:inline-block;width:4.18px"> </div>by the GMGC. The post-model adjustments<div style="display:inline-block;width:4.51px"> </div>are approved by the </div><div id="a144876" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:280.1px;">ECL Management Forum and endorsed<div style="display:inline-block;width:4.13px"> </div>by the GMGC. </div><div id="a144880" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:306.6px;">A sensitivity analysis covering<div style="display:inline-block;width:4.18px"> </div>key macroeconomic variables, scenario<div style="display:inline-block;width:4.2px"> </div>weights and SICR trigger points on ECL measurement<div style="display:inline-block;width:4.45px"> </div>is provided in Note 19f</div></div> <div id="TextBlockContainer1019" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:60px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a144901" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">h. Restructured and<div style="display:inline-block;width:5.05px"> </div>modified financial assets </div><div id="a144907" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">When payment default is expected,<div style="display:inline-block;width:4.79px"> </div>or where default has already occurred,<div style="display:inline-block;width:5.21px"> </div>UBS AG may grant concessions to borrowers </div><div id="a144915" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.3px;">in financial difficulties<div style="display:inline-block;width:5.33px"> </div>that it would not<div style="display:inline-block;width:5.19px"> </div>consider in the normal<div style="display:inline-block;width:5.4px"> </div>course of its business,<div style="display:inline-block;width:5.83px"> </div>such as preferential<div style="display:inline-block;width:5.3px"> </div>interest rates, </div><div id="a144920" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">extension of maturity,<div style="display:inline-block;width:5.78px"> </div>modifying the schedule of repayments,<div style="display:inline-block;width:5.35px"> </div>debt / equity swap, subordination,<div style="display:inline-block;width:6.13px"> </div>etc.</div></div><div id="TextBlockContainer1021" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:90px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a144937" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Modifications result in an alteration of<div style="display:inline-block;width:2.26px"> </div>future contractual cash flows and can<div style="display:inline-block;width:2.32px"> </div>occur within UBS AG’s normal risk<div style="display:inline-block;width:2.08px"> </div>tolerance </div><div id="a144943" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">or as part of a<div style="display:inline-block;width:5.19px"> </div>credit restructuring where<div style="display:inline-block;width:5.31px"> </div>a counterparty<div style="display:inline-block;width:5.1px"> </div>is in financial difficulties.<div style="display:inline-block;width:5.48px"> </div>The restructuring or<div style="display:inline-block;width:5.21px"> </div>modification of a </div><div id="a144947" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.7px;">financial asset<div style="display:inline-block;width:6.41px"> </div>could<div style="display:inline-block;width:5.5px"> </div>lead<div style="display:inline-block;width:5.39px"> </div>to<div style="display:inline-block;width:5.25px"> </div>a<div style="display:inline-block;width:5.2px"> </div>substantial change<div style="display:inline-block;width:6.85px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the terms<div style="display:inline-block;width:5.89px"> </div>and<div style="display:inline-block;width:5.61px"> </div>conditions,<div style="display:inline-block;width:5.33px"> </div>resulting<div style="display:inline-block;width:5.11px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the<div style="display:inline-block;width:5.25px"> </div>original<div style="display:inline-block;width:5.34px"> </div>financial asset </div><div id="a144950" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.9px;">being<div style="display:inline-block;width:8.54px"> </div>derecognized<div style="display:inline-block;width:8.15px"> </div>and<div style="display:inline-block;width:8.44px"> </div>a<div style="display:inline-block;width:7.57px"> </div>new<div style="display:inline-block;width:8.35px"> </div>financial<div style="display:inline-block;width:7.78px"> </div>asset<div style="display:inline-block;width:7.98px"> </div>being<div style="display:inline-block;width:8.54px"> </div>recognized.<div style="display:inline-block;width:8.06px"> </div>Where<div style="display:inline-block;width:8.13px"> </div>the<div style="display:inline-block;width:7.62px"> </div>modification<div style="display:inline-block;width:8.35px"> </div>does<div style="display:inline-block;width:8.49px"> </div>not<div style="display:inline-block;width:7.82px"> </div>result<div style="display:inline-block;width:8.12px"> </div>in<div style="display:inline-block;width:7.66px"> </div>a </div><div id="a144951" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61px;">derecognition, any difference between the modified contractual<div style="display:inline-block;width:1.91px"> </div>cash flows discounted at the original EIR and<div style="display:inline-block;width:2.02px"> </div>the existing </div><div id="a144953" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;">gross carrying amount of the given financial<div style="display:inline-block;width:5.29px"> </div>asset is recognized in the income statement<div style="display:inline-block;width:5.83px"> </div>as a modification gain or loss.</div></div> <div id="TextBlockContainer1023" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:75px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a144955" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">i. Offsetting </div><div id="a144958" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">UBS AG presents financial assets and liabilities on its balance sheet net if (i) it<div style="display:inline-block;width:2.2px"> </div>has a legally enforceable right to set off the </div><div id="a144977" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.7px;">recognized<div style="display:inline-block;width:6.53px"> </div>amounts<div style="display:inline-block;width:6.5px"> </div>and<div style="display:inline-block;width:6.55px"> </div>(ii) it<div style="display:inline-block;width:6.12px"> </div>intends<div style="display:inline-block;width:6.55px"> </div>either<div style="display:inline-block;width:6.41px"> </div>to<div style="display:inline-block;width:6.2px"> </div>settle<div style="display:inline-block;width:5.79px"> </div>on<div style="display:inline-block;width:6.55px"> </div>a<div style="display:inline-block;width:6.15px"> </div>net<div style="display:inline-block;width:6.2px"> </div>basis<div style="display:inline-block;width:6.34px"> </div>or<div style="display:inline-block;width:6.2px"> </div>to<div style="display:inline-block;width:6.2px"> </div>realize<div style="display:inline-block;width:7.24px"> </div>the<div style="display:inline-block;width:6.2px"> </div>asset<div style="display:inline-block;width:6.09px"> </div>and<div style="display:inline-block;width:6.55px"> </div>settle<div style="display:inline-block;width:6.26px"> </div>the<div style="display:inline-block;width:6.2px"> </div>liability </div><div id="a144981" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">simultaneously.<div style="display:inline-block;width:8.5px"> </div>Netted<div style="display:inline-block;width:7.62px"> </div>positions<div style="display:inline-block;width:7.64px"> </div>include,<div style="display:inline-block;width:7.87px"> </div>for<div style="display:inline-block;width:6.99px"> </div>example,<div style="display:inline-block;width:7.89px"> </div>certain<div style="display:inline-block;width:7.38px"> </div>derivatives<div style="display:inline-block;width:7.84px"> </div>and<div style="display:inline-block;width:7.5px"> </div>repurchase<div style="display:inline-block;width:8.19px"> </div>and<div style="display:inline-block;width:7.5px"> </div>reverse<div style="display:inline-block;width:7.82px"> </div>repurchase </div><div id="a144983" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61px;">transactions with various counterparties,<div style="display:inline-block;width:5.06px"> </div>exchanges and<div style="display:inline-block;width:5.02px"> </div>clearing houses.</div></div><div id="TextBlockContainer1027" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:106px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a145022" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">In<div style="display:inline-block;width:6.25px"> </div>assessing<div style="display:inline-block;width:6.64px"> </div>whether<div style="display:inline-block;width:6.35px"> </div>UBS<div style="display:inline-block;width:6.13px"> </div>AG<div style="display:inline-block;width:6.23px"> </div>intends<div style="display:inline-block;width:6.07px"> </div>to<div style="display:inline-block;width:6.2px"> </div>either<div style="display:inline-block;width:5.94px"> </div>settle<div style="display:inline-block;width:5.79px"> </div>on<div style="display:inline-block;width:6.55px"> </div>a<div style="display:inline-block;width:6.15px"> </div>net<div style="display:inline-block;width:6.2px"> </div>basis,<div style="display:inline-block;width:6.09px"> </div>or<div style="display:inline-block;width:6.2px"> </div>to<div style="display:inline-block;width:6.2px"> </div>realize<div style="display:inline-block;width:5.82px"> </div>the<div style="display:inline-block;width:6.2px"> </div>asset<div style="display:inline-block;width:6.09px"> </div>and<div style="display:inline-block;width:6.55px"> </div>settle<div style="display:inline-block;width:5.79px"> </div>the<div style="display:inline-block;width:6.2px"> </div>liability </div><div id="a145028" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">simultaneously, emphasis<div style="display:inline-block;width:5.54px"> </div>is placed on<div style="display:inline-block;width:5.38px"> </div>the effectiveness of<div style="display:inline-block;width:5.08px"> </div>operational settlement mechanics<div style="display:inline-block;width:5.82px"> </div>in eliminating substantially </div><div id="a145032" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">all credit and liquidity exposure between<div style="display:inline-block;width:5.06px"> </div>the counterparties. This condition precludes offsetting<div style="display:inline-block;width:5.28px"> </div>on the balance sheet for </div><div id="a145034" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.4px;">substantial amounts of UBS<div style="display:inline-block;width:5.13px"> </div>AG’s financial assets and liabilities,<div style="display:inline-block;width:5.09px"> </div>even though<div style="display:inline-block;width:5.22px"> </div>they may be subject to enforceable netting </div><div id="a145038" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">arrangements. Repurchase<div style="display:inline-block;width:5.79px"> </div>arrangements and<div style="display:inline-block;width:5.28px"> </div>securities financing transactions<div style="display:inline-block;width:5.4px"> </div>are presented<div style="display:inline-block;width:5.03px"> </div>net only to<div style="display:inline-block;width:5.19px"> </div>the extent that </div><div id="a145046" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;">the settlement<div style="display:inline-block;width:6.31px"> </div>mechanism eliminates,<div style="display:inline-block;width:6.3px"> </div>or results<div style="display:inline-block;width:5.96px"> </div>in insignificant,<div style="display:inline-block;width:6.86px"> </div>credit and<div style="display:inline-block;width:6.01px"> </div>liquidity<div style="display:inline-block;width:5.04px"> </div>risk, and<div style="display:inline-block;width:6.08px"> </div>processes<div style="display:inline-block;width:5.16px"> </div>the receivables </div><div id="a145047" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:92.3px;">and payables in a single<div style="display:inline-block;width:5.09px"> </div>settlement process or cycle.</div></div> <div id="TextBlockContainer1029" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:656px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a145059" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">j. Hedge accounting </div><div id="a145062" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">UBS AG applies hedge accounting<div style="display:inline-block;width:5.36px"> </div>requirements of IFRS 9 where<div style="display:inline-block;width:5.32px"> </div>the criteria for documentation and<div style="display:inline-block;width:5.07px"> </div>hedge effectiveness </div><div id="a145067" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.7px;">are met.<div style="display:inline-block;width:5.66px"> </div>If a<div style="display:inline-block;width:5.52px"> </div>hedge<div style="display:inline-block;width:5.34px"> </div>relationship<div style="display:inline-block;width:5.21px"> </div>no longer<div style="display:inline-block;width:6.06px"> </div>meets the<div style="display:inline-block;width:5.57px"> </div>criteria for<div style="display:inline-block;width:5.28px"> </div>hedge<div style="display:inline-block;width:5.34px"> </div>accounting, hedge<div style="display:inline-block;width:6.37px"> </div>accounting<div style="display:inline-block;width:5.43px"> </div>is discontinued. </div><div id="a145069" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">Voluntary discontinuation<div style="display:inline-block;width:5.24px"> </div>of hedge accounting<div style="display:inline-block;width:5.1px"> </div>is not permitted under IFRS 9. </div><div id="a145077" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:68.3px;">Fair value hedges of interest rate risk<div style="display:inline-block;width:5.14px"> </div>related to debt instruments and<div style="display:inline-block;width:5.15px"> </div>loan assets </div><div id="a145079" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:83.7px;">The<div style="display:inline-block;width:5.4px"> </div>fair value<div style="display:inline-block;width:6.21px"> </div>change<div style="display:inline-block;width:5.61px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>hedged<div style="display:inline-block;width:6.01px"> </div>item attributable<div style="display:inline-block;width:6.57px"> </div>to<div style="display:inline-block;width:5.25px"> </div>a<div style="display:inline-block;width:5.2px"> </div>hedged<div style="display:inline-block;width:6.01px"> </div>risk is<div style="display:inline-block;width:6.46px"> </div>reflected<div style="display:inline-block;width:5.61px"> </div>as<div style="display:inline-block;width:5.25px"> </div>an<div style="display:inline-block;width:5.4px"> </div>adjustment<div style="display:inline-block;width:5.29px"> </div>to<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>carrying </div><div id="a145081" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.3px;">amount<div style="display:inline-block;width:5.5px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>hedged<div style="display:inline-block;width:5.54px"> </div>item and<div style="display:inline-block;width:6.72px"> </div>recognized<div style="display:inline-block;width:5.59px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the<div style="display:inline-block;width:5.25px"> </div>income<div style="display:inline-block;width:5.15px"> </div>statement<div style="display:inline-block;width:5.31px"> </div>along<div style="display:inline-block;width:5.7px"> </div>with<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>change<div style="display:inline-block;width:5.61px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the<div style="display:inline-block;width:5.25px"> </div>fair value<div style="display:inline-block;width:6.21px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the </div><div id="a145082" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:114.5px;">hedging instrument. </div><div id="a145084" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:137.4px;">Fair value hedges of FX risk related to<div style="display:inline-block;width:5.07px"> </div>debt instruments </div><div id="a145089" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:152.8px;">The fair value change of the<div style="display:inline-block;width:5.06px"> </div>hedged item attributable to the<div style="display:inline-block;width:5.09px"> </div>hedged risk is reflected<div style="display:inline-block;width:5.29px"> </div>in the measurement of the hedged </div><div id="a145097" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:167.9px;">item and<div style="display:inline-block;width:5.77px"> </div>recognized<div style="display:inline-block;width:5.12px"> </div>in the<div style="display:inline-block;width:5.93px"> </div>income statement<div style="display:inline-block;width:5.84px"> </div>along<div style="display:inline-block;width:5.23px"> </div>with the<div style="display:inline-block;width:5.88px"> </div>change<div style="display:inline-block;width:5.13px"> </div>in the<div style="display:inline-block;width:5.45px"> </div>fair value<div style="display:inline-block;width:5.74px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>hedging instrument.<div style="display:inline-block;width:5.78px"> </div>The </div><div id="a145098" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183.1px;">foreign currency basis spread of cross-currency swaps designated as hedging derivatives is excluded from<div style="display:inline-block;width:2.28px"> </div>the designation </div><div id="a145104" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:198.7px;">and<div style="display:inline-block;width:5.61px"> </div>accounted<div style="display:inline-block;width:5.45px"> </div>for<div style="display:inline-block;width:5.1px"> </div>as a<div style="display:inline-block;width:6.3px"> </div>cost of<div style="display:inline-block;width:6.2px"> </div>hedging<div style="display:inline-block;width:5.16px"> </div>with<div style="display:inline-block;width:5.25px"> </div>amounts<div style="display:inline-block;width:5.08px"> </div>deferred<div style="display:inline-block;width:5.39px"> </div>in </div><div id="a145105" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:395.312px;top:198.4px;">Other comprehensive<div style="display:inline-block;width:6.56px"> </div>income</div><div id="a145106" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:563.752px;top:198.7px;"><div style="display:inline-block;width:5.2px"> </div>within </div><div id="a145108" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:609.658px;top:198.4px;">Equity</div><div id="a145109" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:644.178px;top:198.7px;">.<div style="display:inline-block;width:5.31px"> </div>These </div><div id="a145110" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:213.9px;">amounts are released to the<div style="display:inline-block;width:5.03px"> </div>income statement over the term<div style="display:inline-block;width:5.11px"> </div>of the hedged item. </div><div id="a145115" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:236.8px;">Discontinuation of fair value hedges </div><div id="a145117" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:252.1px;">Discontinuations for reasons other<div style="display:inline-block;width:2.01px"> </div>than derecognition of the<div style="display:inline-block;width:1.87px"> </div>hedged item result in<div style="display:inline-block;width:1.83px"> </div>an adjustment to the<div style="display:inline-block;width:1.65px"> </div>carrying amount, </div><div id="a145119" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:267.3px;">which<div style="display:inline-block;width:5.88px"> </div>is<div style="display:inline-block;width:5.62px"> </div>amortized<div style="display:inline-block;width:5.31px"> </div>to<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>income<div style="display:inline-block;width:5.62px"> </div>statement<div style="display:inline-block;width:5.31px"> </div>over<div style="display:inline-block;width:5.52px"> </div>the<div style="display:inline-block;width:5.72px"> </div>remaining<div style="display:inline-block;width:6.48px"> </div>life<div style="display:inline-block;width:5.31px"> </div>of<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>hedged<div style="display:inline-block;width:5.54px"> </div>item<div style="display:inline-block;width:5.26px"> </div>using<div style="display:inline-block;width:6.23px"> </div>the<div style="display:inline-block;width:5.25px"> </div>effective<div style="display:inline-block;width:5.42px"> </div>interest </div><div id="a145120" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:282.9px;">method. If the hedged item is derecognized,<div style="display:inline-block;width:5.26px"> </div>the unamortized fair value adjustment or deferred<div style="display:inline-block;width:5.25px"> </div>cost of hedging amount </div><div id="a145122" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:298.1px;">is recognized immediately in the income<div style="display:inline-block;width:5.37px"> </div>statement as part of any derecognition<div style="display:inline-block;width:5.62px"> </div>gain or loss. </div><div id="a145124" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:320.5px;">Cash flow hedges of<div style="display:inline-block;width:5.05px"> </div>forecast transactions </div><div id="a145126" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:335.9px;">Fair value gains or losses associated<div style="display:inline-block;width:2.16px"> </div>with the effective portion of derivatives designated as cash flow<div style="display:inline-block;width:2.26px"> </div>hedges for cash flow </div><div id="a145128" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:351.5px;">repricing<div style="display:inline-block;width:5.8px"> </div>risk are<div style="display:inline-block;width:6.6px"> </div>recognized<div style="display:inline-block;width:5.59px"> </div>initially in </div><div id="a145129" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:232.978px;top:351.2px;">Other comprehensive<div style="display:inline-block;width:7.03px"> </div>income </div><div id="a145130" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:407.125px;top:351.5px;">within </div><div id="a145131" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:447.832px;top:351.2px;">Equity</div><div id="a145132" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:482.352px;top:351.5px;"><div style="display:inline-block;width:5.2px"> </div>and<div style="display:inline-block;width:5.61px"> </div>reclassified to </div><div id="a145134" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:597.325px;top:351.2px;">Interest income </div><div id="a145135" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:366.4px;">from financial<div style="display:inline-block;width:5.26px"> </div>instruments measured<div style="display:inline-block;width:5.91px"> </div>at amortized<div style="display:inline-block;width:5.86px"> </div>cost and<div style="display:inline-block;width:5.13px"> </div>fair value<div style="display:inline-block;width:5.26px"> </div>through other<div style="display:inline-block;width:6.11px"> </div>comprehensive income</div><div id="a145138" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:622.898px;top:366.7px;"><div style="display:inline-block;width:4.25px"> </div>or </div><div id="a145140" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:643.232px;top:366.4px;">Interest </div><div id="a145141" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:382px;">expense<div style="display:inline-block;width:5.45px"> </div>from financial<div style="display:inline-block;width:6.68px"> </div>instruments<div style="display:inline-block;width:5.66px"> </div>measured<div style="display:inline-block;width:5.35px"> </div>at<div style="display:inline-block;width:5.05px"> </div>amortized<div style="display:inline-block;width:5.79px"> </div>cost</div><div id="a145142" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:374.472px;top:382.3px;"><div style="display:inline-block;width:5.2px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the<div style="display:inline-block;width:5.25px"> </div>periods<div style="display:inline-block;width:5.6px"> </div>when<div style="display:inline-block;width:5.71px"> </div>the<div style="display:inline-block;width:5.25px"> </div>hedged<div style="display:inline-block;width:5.54px"> </div>forecast<div style="display:inline-block;width:5.03px"> </div>cash<div style="display:inline-block;width:5.25px"> </div>flows </div><div id="a145144" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:397.4px;">affect profit<div style="display:inline-block;width:5.44px"> </div>or loss,<div style="display:inline-block;width:5.18px"> </div>including<div style="display:inline-block;width:5.23px"> </div>discontinued<div style="display:inline-block;width:5.11px"> </div>hedges for which<div style="display:inline-block;width:5.73px"> </div>forecast<div style="display:inline-block;width:5.06px"> </div>cash flows are<div style="display:inline-block;width:6.12px"> </div>expected to<div style="display:inline-block;width:5.2px"> </div>occur.<div style="display:inline-block;width:5.42px"> </div>If the<div style="display:inline-block;width:5.57px"> </div>forecast </div><div id="a145149" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:412.5px;">transactions<div style="display:inline-block;width:5.61px"> </div>are<div style="display:inline-block;width:5.29px"> </div>no<div style="display:inline-block;width:5.61px"> </div>longer<div style="display:inline-block;width:5.08px"> </div>expected<div style="display:inline-block;width:5.05px"> </div>to<div style="display:inline-block;width:5.25px"> </div>occur,<div style="display:inline-block;width:6.37px"> </div>the<div style="display:inline-block;width:5.25px"> </div>deferred<div style="display:inline-block;width:5.39px"> </div>gains<div style="display:inline-block;width:5.55px"> </div>or<div style="display:inline-block;width:5.02px"> </div>losses<div style="display:inline-block;width:5.45px"> </div>are<div style="display:inline-block;width:5.29px"> </div>immediately reclassified<div style="display:inline-block;width:6.68px"> </div>to<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>income </div><div id="a145153" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:428.1px;">statement. </div><div id="a145156" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:450.6px;">Hedges of net investments in foreign<div style="display:inline-block;width:5.14px"> </div>operations </div><div id="a145161" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:466px;">Gains or losses<div style="display:inline-block;width:5.75px"> </div>on the<div style="display:inline-block;width:5.38px"> </div>hedging<div style="display:inline-block;width:5.16px"> </div>instrument relating<div style="display:inline-block;width:5.37px"> </div>to the effective<div style="display:inline-block;width:6.2px"> </div>portion of<div style="display:inline-block;width:5.28px"> </div>a hedge<div style="display:inline-block;width:5.44px"> </div>are recognized<div style="display:inline-block;width:5.78px"> </div>directly in </div><div id="a145164" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:652.698px;top:465.7px;">Other </div><div id="a145165" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:481.3px;">comprehensive income</div><div id="a145166" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:135.045px;top:481.6px;"><div style="display:inline-block;width:4.27px"> </div>within </div><div id="a145168" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:179.032px;top:481.3px;">Equity, </div><div id="a145169" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:221.618px;top:481.6px;">while any gains<div style="display:inline-block;width:5.42px"> </div>or losses<div style="display:inline-block;width:5.13px"> </div>relating to the<div style="display:inline-block;width:5.16px"> </div>ineffective and<div style="display:inline-block;width:5.08px"> </div>/ or undesignated<div style="display:inline-block;width:5.15px"> </div>portion </div><div id="a145172" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:496.7px;">(for example,<div style="display:inline-block;width:2.32px"> </div>the interest element<div style="display:inline-block;width:2.34px"> </div>of a forward contract)<div style="display:inline-block;width:2.31px"> </div>are recognized in the income<div style="display:inline-block;width:1.93px"> </div>statement. Upon disposal or<div style="display:inline-block;width:1.83px"> </div>partial </div><div id="a145174" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:511.9px;">disposal of<div style="display:inline-block;width:5.38px"> </div>the foreign operation,<div style="display:inline-block;width:5.92px"> </div>the cumulative value of<div style="display:inline-block;width:5.47px"> </div>any such<div style="display:inline-block;width:5.08px"> </div>gains or losses<div style="display:inline-block;width:5.11px"> </div>recognized in </div><div id="a145175" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:559.498px;top:511.6px;">Equity</div><div id="a145176" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:594.018px;top:511.9px;"><div style="display:inline-block;width:4.25px"> </div>associated with </div><div id="a145178" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:527.5px;">the entity</div><div id="a145179" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:58.376px;top:527.3px;"> </div><div id="a145180" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:62.158px;top:527.5px;">is reclassified to </div><div id="a145181" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:155.378px;top:527.3px;">Other income</div><div id="a145182" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:232.978px;top:527.5px;">. </div><div id="a145184" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:550px;">Interest Rate Benchmark Reform<div style="display:inline-block;width:4.94px"> </div></div><div id="a145190" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:565.3px;">UBS<div style="display:inline-block;width:6.06px"> </div>AG<div style="display:inline-block;width:5.72px"> </div>continues<div style="display:inline-block;width:6.11px"> </div>hedge<div style="display:inline-block;width:6.28px"> </div>accounting<div style="display:inline-block;width:6.02px"> </div>during<div style="display:inline-block;width:6.23px"> </div>the<div style="display:inline-block;width:5.72px"> </div>period<div style="display:inline-block;width:6.02px"> </div>of<div style="display:inline-block;width:5.72px"> </div>uncertainty<div style="display:inline-block;width:6.26px"> </div>before<div style="display:inline-block;width:6.49px"> </div>existing<div style="display:inline-block;width:6.04px"> </div>interest<div style="display:inline-block;width:6.07px"> </div>rate<div style="display:inline-block;width:5.84px"> </div>benchmarks<div style="display:inline-block;width:6.29px"> </div>are </div><div id="a145198" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:580.9px;">replaced with<div style="display:inline-block;width:5.07px"> </div>alternative risk-<div style="display:inline-block;width:1.41px"> </div>free interest<div style="display:inline-block;width:5.64px"> </div>rates. During<div style="display:inline-block;width:5.66px"> </div>this period,<div style="display:inline-block;width:5.28px"> </div>UBS AG<div style="display:inline-block;width:5.4px"> </div>assumes<div style="display:inline-block;width:4.48px"> </div>that the current<div style="display:inline-block;width:5.81px"> </div>benchmark rates </div><div id="a145209" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:596.1px;">will continue<div style="display:inline-block;width:6.87px"> </div>to<div style="display:inline-block;width:5.31px"> </div>exist, such<div style="display:inline-block;width:6.67px"> </div>that forecast<div style="display:inline-block;width:5.98px"> </div>transactions<div style="display:inline-block;width:5.61px"> </div>are<div style="display:inline-block;width:5.29px"> </div>considered<div style="display:inline-block;width:5.84px"> </div>highly probable<div style="display:inline-block;width:6.77px"> </div>and<div style="display:inline-block;width:5.13px"> </div>hedge<div style="display:inline-block;width:5.34px"> </div>relationships<div style="display:inline-block;width:5.73px"> </div>remain, </div><div id="a145212" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:611.7px;">with little or no consequential<div style="display:inline-block;width:2.25px"> </div>impact on the financial<div style="display:inline-block;width:1.98px"> </div>statements. Upon replacement of existing interest rate benchmarks </div><div id="a145219" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:626.9px;">by alternative risk-free<div style="display:inline-block;width:5.55px"> </div>interest rates,<div style="display:inline-block;width:5.08px"> </div>UBS AG<div style="display:inline-block;width:5.34px"> </div>applies the requirements<div style="display:inline-block;width:5.68px"> </div>of </div><div id="a145231" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:427.458px;top:626.6px;">Amendments to IFRS 9<div style="display:inline-block;width:1.38px"> </div>,<div style="display:inline-block;width:3.89px"> </div>IAS 39, IFRS 7, IFRS 4 </div><div id="a145244" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:641.7px;">and IFRS 16 (Interest Rate Benchmark<div style="display:inline-block;width:5.04px"> </div>Reform – Phase 2), </div><div id="a145254" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:331.872px;top:642px;">where applicable</div><div id="a145257" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:427.938px;top:641.7px;">.</div></div> <div id="TextBlockContainer1031" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:129px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a145269" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">3)<div style="display:inline-block;width:3.83px"> </div>Fee and commission income and<div style="display:inline-block;width:5.02px"> </div>expenses </div><div id="a145276" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23px;">UBS AG earns fee income from the diverse range of<div style="display:inline-block;width:5.09px"> </div>services it provides to its clients. Fee income can be divided into two </div><div id="a145278" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.6px;">broad<div style="display:inline-block;width:5.89px"> </div>categories:<div style="display:inline-block;width:5.18px"> </div>fees<div style="display:inline-block;width:5.1px"> </div>earned<div style="display:inline-block;width:5.21px"> </div>from<div style="display:inline-block;width:5.18px"> </div>services<div style="display:inline-block;width:5.11px"> </div>that<div style="display:inline-block;width:5.1px"> </div>are<div style="display:inline-block;width:5.76px"> </div>provided<div style="display:inline-block;width:5.79px"> </div>over<div style="display:inline-block;width:5.05px"> </div>a<div style="display:inline-block;width:5.2px"> </div>certain<div style="display:inline-block;width:5.26px"> </div>period<div style="display:inline-block;width:5.55px"> </div>of<div style="display:inline-block;width:5.25px"> </div>time, such<div style="display:inline-block;width:6.67px"> </div>as<div style="display:inline-block;width:5.25px"> </div>management<div style="display:inline-block;width:5.35px"> </div>of </div><div id="a145280" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">clients’<div style="display:inline-block;width:6.41px"> </div>assets,<div style="display:inline-block;width:6.72px"> </div>custody<div style="display:inline-block;width:6.72px"> </div>services<div style="display:inline-block;width:6.53px"> </div>and<div style="display:inline-block;width:7.03px"> </div>certain<div style="display:inline-block;width:6.21px"> </div>advisory<div style="display:inline-block;width:6.41px"> </div>services;<div style="display:inline-block;width:6.63px"> </div>and<div style="display:inline-block;width:7.03px"> </div>fees<div style="display:inline-block;width:6.52px"> </div>earned<div style="display:inline-block;width:6.63px"> </div>from<div style="display:inline-block;width:6.6px"> </div>point-in-time<div style="display:inline-block;width:6.7px"> </div>services,<div style="display:inline-block;width:7.11px"> </div>such<div style="display:inline-block;width:6.87px"> </div>as </div><div id="a145285" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:68.9px;">underwriting<div style="display:inline-block;width:6.12px"> </div>fees,<div style="display:inline-block;width:5.67px"> </div>deal-contingent<div style="display:inline-block;width:6.11px"> </div>merger<div style="display:inline-block;width:5.89px"> </div>and<div style="display:inline-block;width:6.08px"> </div>acquisitions<div style="display:inline-block;width:5.91px"> </div>fees,<div style="display:inline-block;width:5.67px"> </div>and<div style="display:inline-block;width:6.08px"> </div>brokerage<div style="display:inline-block;width:6.21px"> </div>fees<div style="display:inline-block;width:5.1px"> </div>(e.g.,<div style="display:inline-block;width:6.29px"> </div>securities<div style="display:inline-block;width:5.26px"> </div>and<div style="display:inline-block;width:6.08px"> </div>derivatives </div><div id="a145289" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:84.5px;">execution and<div style="display:inline-block;width:5.66px"> </div>clearing). UBS<div style="display:inline-block;width:5.81px"> </div>AG recognizes<div style="display:inline-block;width:5.62px"> </div>fees earned<div style="display:inline-block;width:5.21px"> </div>from PIT<div style="display:inline-block;width:5.18px"> </div>services<div style="display:inline-block;width:5.11px"> </div>when it<div style="display:inline-block;width:5.08px"> </div>has fully<div style="display:inline-block;width:5.67px"> </div>provided the<div style="display:inline-block;width:5.47px"> </div>service<div style="display:inline-block;width:5.06px"> </div>to the </div><div id="a145294" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.7px;">client.<div style="display:inline-block;width:3.56px"> </div>Where the contract requires services to be provided over time, income is recognized on a systematic basis over the </div><div id="a145297" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:115.3px;">life of the agreement.</div></div><div id="TextBlockContainer1035" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:373px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a145336" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Consideration<div style="display:inline-block;width:5.9px"> </div>received is<div style="display:inline-block;width:6.45px"> </div>allocated<div style="display:inline-block;width:5.04px"> </div>to<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>separately identifiable<div style="display:inline-block;width:6.72px"> </div>performance<div style="display:inline-block;width:5.47px"> </div>obligations<div style="display:inline-block;width:5.8px"> </div>in<div style="display:inline-block;width:5.3px"> </div>a<div style="display:inline-block;width:5.2px"> </div>contract. Owing<div style="display:inline-block;width:6.67px"> </div>to<div style="display:inline-block;width:5.25px"> </div>the </div><div id="a145337" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">nature<div style="display:inline-block;width:6.96px"> </div>of<div style="display:inline-block;width:6.67px"> </div>UBS<div style="display:inline-block;width:6.98px"> </div>AG’s<div style="display:inline-block;width:6.92px"> </div>business,<div style="display:inline-block;width:7.37px"> </div>contracts<div style="display:inline-block;width:6.21px"> </div>that<div style="display:inline-block;width:6.52px"> </div>include<div style="display:inline-block;width:7.29px"> </div>multiple<div style="display:inline-block;width:6.41px"> </div>performance<div style="display:inline-block;width:7.36px"> </div>obligations<div style="display:inline-block;width:7.69px"> </div>are<div style="display:inline-block;width:6.71px"> </div>typically<div style="display:inline-block;width:6.7px"> </div>those<div style="display:inline-block;width:6.92px"> </div>that<div style="display:inline-block;width:6.52px"> </div>are </div><div id="a145340" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">considered to<div style="display:inline-block;width:5.05px"> </div>include a series<div style="display:inline-block;width:5.07px"> </div>of similar performance<div style="display:inline-block;width:5.15px"> </div>obligations fulfilled<div style="display:inline-block;width:5.11px"> </div>over time with<div style="display:inline-block;width:5.37px"> </div>the same pattern<div style="display:inline-block;width:5.53px"> </div>of transfer to </div><div id="a145343" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.4px;">the client, e.g.,<div style="display:inline-block;width:5.72px"> </div>management of<div style="display:inline-block;width:5.03px"> </div>client assets and<div style="display:inline-block;width:5.45px"> </div>custodial services. As a<div style="display:inline-block;width:5.35px"> </div>consequence, UBS AG<div style="display:inline-block;width:5.63px"> </div>is not required<div style="display:inline-block;width:5.33px"> </div>to apply </div><div id="a145344" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">significant judgment in allocating the<div style="display:inline-block;width:5.12px"> </div>consideration received across the various<div style="display:inline-block;width:5.49px"> </div>performance obligations. </div><div id="a145347" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:84.2px;">PIT services<div style="display:inline-block;width:5.11px"> </div>are generally<div style="display:inline-block;width:5.23px"> </div>for a<div style="display:inline-block;width:5.2px"> </div>fixed price<div style="display:inline-block;width:5.26px"> </div>or dependent<div style="display:inline-block;width:5.74px"> </div>on deal<div style="display:inline-block;width:5.34px"> </div>size, e.g.,<div style="display:inline-block;width:5.2px"> </div>a fixed number<div style="display:inline-block;width:5.93px"> </div>of basis<div style="display:inline-block;width:5.08px"> </div>points of<div style="display:inline-block;width:5.28px"> </div>trade size, </div><div id="a145351" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.3px;">where the amount of revenue is known when the performance obligation is met. Fixed<div style="display:inline-block;width:1.34px"> </div>-over-time fees are recognized on </div><div id="a145357" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:115px;">a straight-line<div style="display:inline-block;width:2.23px"> </div>basis over the<div style="display:inline-block;width:1.72px"> </div>performance period. Custodial and asset<div style="display:inline-block;width:1.46px"> </div>management fees can<div style="display:inline-block;width:1.67px"> </div>be variable<div style="display:inline-block;width:2.31px"> </div>through reference </div><div id="a145360" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:130.1px;">to<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:6.2px"> </div>size<div style="display:inline-block;width:5.89px"> </div>of<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:6.2px"> </div>customer<div style="display:inline-block;width:5.94px"> </div>portfolio.<div style="display:inline-block;width:6.39px"> </div>However,<div style="display:inline-block;width:6.63px"> </div>they<div style="display:inline-block;width:5.99px"> </div>are<div style="display:inline-block;width:6.23px"> </div>generally<div style="display:inline-block;width:5.99px"> </div>billed<div style="display:inline-block;width:6.24px"> </div>on<div style="display:inline-block;width:6.55px"> </div>a<div style="display:inline-block;width:6.15px"> </div>monthly<div style="display:inline-block;width:6.43px"> </div>or<div style="display:inline-block;width:6.2px"> </div>quarterly<div style="display:inline-block;width:5.79px"> </div>basis<div style="display:inline-block;width:6.34px"> </div>once<div style="display:inline-block;width:6.35px"> </div>the </div><div id="a145362" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:145.7px;">customer’s<div style="display:inline-block;width:7.04px"> </div>portfolio<div style="display:inline-block;width:7.71px"> </div>size<div style="display:inline-block;width:6.84px"> </div>is<div style="display:inline-block;width:7.04px"> </div>known<div style="display:inline-block;width:7.8px"> </div>or<div style="display:inline-block;width:7.14px"> </div>known<div style="display:inline-block;width:7.33px"> </div>with<div style="display:inline-block;width:7.14px"> </div>near<div style="display:inline-block;width:7.14px"> </div>certainty<div style="display:inline-block;width:6.8px"> </div>and<div style="display:inline-block;width:7.5px"> </div>therefore<div style="display:inline-block;width:7.36px"> </div>also<div style="display:inline-block;width:7.24px"> </div>recognized<div style="display:inline-block;width:7.48px"> </div>ratably<div style="display:inline-block;width:6.68px"> </div>over<div style="display:inline-block;width:7.41px"> </div>the </div><div id="a145363" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:160.9px;">performance<div style="display:inline-block;width:5.47px"> </div>period.<div style="display:inline-block;width:5.66px"> </div>UBS<div style="display:inline-block;width:5.65px"> </div>AG<div style="display:inline-block;width:5.26px"> </div>does<div style="display:inline-block;width:5.66px"> </div>not<div style="display:inline-block;width:5.45px"> </div>recognize<div style="display:inline-block;width:5.39px"> </div>performance<div style="display:inline-block;width:5.94px"> </div>fees<div style="display:inline-block;width:5.1px"> </div>related<div style="display:inline-block;width:5.71px"> </div>to<div style="display:inline-block;width:5.72px"> </div>management<div style="display:inline-block;width:5.82px"> </div>of<div style="display:inline-block;width:5.25px"> </div>clients’<div style="display:inline-block;width:5.47px"> </div>assets<div style="display:inline-block;width:5.2px"> </div>or<div style="display:inline-block;width:5.72px"> </div>fees </div><div id="a145369" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:176px;">related to contingencies beyond<div style="display:inline-block;width:5.08px"> </div>UBS AG’s control until such uncertainties are<div style="display:inline-block;width:5.05px"> </div>resolved.<div style="display:inline-block;width:4.75px"> </div></div><div id="a145374" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:199.2px;">UBS AG’s fees are generally earned from short-term contracts. As a result, UBS AG’s contracts<div style="display:inline-block;width:2.23px"> </div>do not include a financing </div><div id="a145377" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:214.3px;">component<div style="display:inline-block;width:5.23px"> </div>or result<div style="display:inline-block;width:5.91px"> </div>in the<div style="display:inline-block;width:5.45px"> </div>recognition of<div style="display:inline-block;width:5.89px"> </div>significant receivables<div style="display:inline-block;width:5.97px"> </div>or prepayment<div style="display:inline-block;width:6.01px"> </div>assets. Furthermore,<div style="display:inline-block;width:6.33px"> </div>due<div style="display:inline-block;width:5.13px"> </div>to the<div style="display:inline-block;width:5.4px"> </div>short-</div><div id="a145380" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:229.5px;">term nature of such<div style="display:inline-block;width:5.22px"> </div>contracts, UBS AG has not<div style="display:inline-block;width:5.74px"> </div>capitalized any material<div style="display:inline-block;width:5.22px"> </div>costs to obtain<div style="display:inline-block;width:5.28px"> </div>or fulfill a contract<div style="display:inline-block;width:5.05px"> </div>or generated </div><div id="a145381" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:245.1px;">any significant contract assets or liabilities. </div><div id="a145383" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:267.8px;">UBS AG presents expenses<div style="display:inline-block;width:5.29px"> </div>primarily in line with their nature<div style="display:inline-block;width:5.22px"> </div>in the income statement,<div style="display:inline-block;width:5.82px"> </div>differentiating between expenses </div><div id="a145385" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:282.9px;">that<div style="display:inline-block;width:5.1px"> </div>are<div style="display:inline-block;width:5.29px"> </div>directly<div style="display:inline-block;width:5.2px"> </div>attributable<div style="display:inline-block;width:5.46px"> </div>to<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>satisfaction<div style="display:inline-block;width:5.31px"> </div>of<div style="display:inline-block;width:5.25px"> </div>specific<div style="display:inline-block;width:5.16px"> </div>performance<div style="display:inline-block;width:5.72px"> </div>obligations<div style="display:inline-block;width:5.82px"> </div>associated<div style="display:inline-block;width:5.24px"> </div>with<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>generation<div style="display:inline-block;width:5.6px"> </div>of </div><div id="a145389" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:298.1px;">revenues, which are generally presented within </div><div id="a145392" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:272.725px;top:297.8px;">Total revenues</div><div id="a145394" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:352.712px;top:298.1px;"><div style="display:inline-block;width:3.31px"> </div>as </div><div id="a145396" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:371.152px;top:297.8px;">Fee and commission expense</div><div id="a145397" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:533.925px;top:298.1px;">, and those that are<div style="display:inline-block;width:2.16px"> </div>related </div><div id="a145398" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:313.7px;">to<div style="display:inline-block;width:6.2px"> </div>personnel,<div style="display:inline-block;width:6.85px"> </div>general<div style="display:inline-block;width:6.29px"> </div>and<div style="display:inline-block;width:6.55px"> </div>administrative<div style="display:inline-block;width:5.47px"> </div>expenses,<div style="display:inline-block;width:7.03px"> </div>which<div style="display:inline-block;width:6.35px"> </div>are<div style="display:inline-block;width:6.23px"> </div>presented<div style="display:inline-block;width:6.74px"> </div>within </div><div id="a145399" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:478.565px;top:313.4px;">Operating<div style="display:inline-block;width:6.25px"> </div>expenses</div><div id="a145401" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:592.605px;top:313.7px;">.<div style="display:inline-block;width:6.25px"> </div>For<div style="display:inline-block;width:5.99px"> </div>derivatives </div><div id="a145402" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:328.8px;">execution<div style="display:inline-block;width:5.15px"> </div>and<div style="display:inline-block;width:5.13px"> </div>clearing services<div style="display:inline-block;width:5.53px"> </div>(where<div style="display:inline-block;width:5.23px"> </div>UBS<div style="display:inline-block;width:5.08px"> </div>AG acts<div style="display:inline-block;width:5.71px"> </div>as an<div style="display:inline-block;width:6.03px"> </div>agent),<div style="display:inline-block;width:5.19px"> </div>UBS<div style="display:inline-block;width:5.08px"> </div>AG only<div style="display:inline-block;width:5.93px"> </div>records<div style="display:inline-block;width:5.63px"> </div>its specific<div style="display:inline-block;width:5.53px"> </div>fees in<div style="display:inline-block;width:5.77px"> </div>the income </div><div id="a145404" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:344.4px;">statement,<div style="display:inline-block;width:6.36px"> </div>with<div style="display:inline-block;width:6.2px"> </div>fees<div style="display:inline-block;width:6.04px"> </div>payable<div style="display:inline-block;width:6.25px"> </div>to<div style="display:inline-block;width:6.2px"> </div>other<div style="display:inline-block;width:6.25px"> </div>parties<div style="display:inline-block;width:5.99px"> </div>not<div style="display:inline-block;width:6.4px"> </div>recognized<div style="display:inline-block;width:6.53px"> </div>as<div style="display:inline-block;width:6.2px"> </div>an<div style="display:inline-block;width:6.35px"> </div>expense<div style="display:inline-block;width:6.4px"> </div>but<div style="display:inline-block;width:5.93px"> </div>instead<div style="display:inline-block;width:6.34px"> </div>directly<div style="display:inline-block;width:6.14px"> </div>offset<div style="display:inline-block;width:6.18px"> </div>against<div style="display:inline-block;width:6.34px"> </div>the </div><div id="a145405" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:359.6px;">associated income collected from the given<div style="display:inline-block;width:5.48px"> </div>client.</div></div> <div id="TextBlockContainer1037" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:472px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a145416" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">4) Share-based and other deferred<div style="display:inline-block;width:5.43px"> </div>compensation plans </div><div id="a145427" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23.1px;">UBS AG recognizes expenses for deferred compensation awards over the period that the employee is required to provide </div><div id="a145428" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.2px;">service to<div style="display:inline-block;width:5.69px"> </div>become entitled<div style="display:inline-block;width:5.72px"> </div>to the<div style="display:inline-block;width:5.97px"> </div>award.<div style="display:inline-block;width:5.23px"> </div>Where the<div style="display:inline-block;width:5.91px"> </div>service period<div style="display:inline-block;width:5.52px"> </div>is shortened,<div style="display:inline-block;width:5.91px"> </div>for example in<div style="display:inline-block;width:6.09px"> </div>the case<div style="display:inline-block;width:5.68px"> </div>of employees </div><div id="a145430" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">affected by restructuring programs or mutually agreed termination provisions, recognition<div style="display:inline-block;width:5.25px"> </div>of such expense is accelerated </div><div id="a145431" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:68.9px;">to the<div style="display:inline-block;width:5.88px"> </div>termination date.<div style="display:inline-block;width:6.19px"> </div>Where no<div style="display:inline-block;width:6.27px"> </div>future service<div style="display:inline-block;width:5.54px"> </div>is required,<div style="display:inline-block;width:6.5px"> </div>such as<div style="display:inline-block;width:6.08px"> </div>for employees<div style="display:inline-block;width:5.67px"> </div>who are<div style="display:inline-block;width:5.9px"> </div>eligible for<div style="display:inline-block;width:5.66px"> </div>retirement or </div><div id="a145433" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:84.6px;">who<div style="display:inline-block;width:8.08px"> </div>have<div style="display:inline-block;width:7.57px"> </div>met<div style="display:inline-block;width:7.26px"> </div>certain<div style="display:inline-block;width:7.16px"> </div>age<div style="display:inline-block;width:7.77px"> </div>and<div style="display:inline-block;width:7.97px"> </div>length-of-service<div style="display:inline-block;width:7.62px"> </div>criteria,<div style="display:inline-block;width:7.8px"> </div>the<div style="display:inline-block;width:7.62px"> </div>services<div style="display:inline-block;width:7.48px"> </div>are<div style="display:inline-block;width:7.65px"> </div>presumed<div style="display:inline-block;width:8.15px"> </div>to<div style="display:inline-block;width:7.62px"> </div>have<div style="display:inline-block;width:7.57px"> </div>been<div style="display:inline-block;width:7.97px"> </div>received<div style="display:inline-block;width:7.35px"> </div>and </div><div id="a145439" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.7px;">compensation expense<div style="display:inline-block;width:5.53px"> </div>is recognized<div style="display:inline-block;width:5.16px"> </div>over the performance<div style="display:inline-block;width:5.1px"> </div>year or,<div style="display:inline-block;width:5.33px"> </div>in the case<div style="display:inline-block;width:5.47px"> </div>of off-cycle awards,<div style="display:inline-block;width:6.1px"> </div>immediately on<div style="display:inline-block;width:5.53px"> </div>the </div><div id="a145449" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:114.8px;">grant date. </div><div id="a145453" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:138px;">Share-based compensation plans </div><div id="a145457" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:153.1px;">UBS Group AG is the grantor of<div style="display:inline-block;width:2.28px"> </div>and maintains the obligation to settle share-based compensation plans that are awarded </div><div id="a145460" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:168.3px;">to employees<div style="display:inline-block;width:5.82px"> </div>of UBS<div style="display:inline-block;width:6.18px"> </div>AG. As<div style="display:inline-block;width:6.14px"> </div>a consequence,<div style="display:inline-block;width:6.54px"> </div>UBS<div style="display:inline-block;width:5.08px"> </div>AG classifies<div style="display:inline-block;width:6px"> </div>the awards<div style="display:inline-block;width:6.27px"> </div>of UBS<div style="display:inline-block;width:6.66px"> </div>Group<div style="display:inline-block;width:5.32px"> </div>AG shares<div style="display:inline-block;width:6.21px"> </div>as equity-settled </div><div id="a145464" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183.9px;">share-based payment transactions.<div style="display:inline-block;width:5.54px"> </div>UBS AG recognizes the fair value of awards<div style="display:inline-block;width:5.17px"> </div>granted to its employees by reference<div style="display:inline-block;width:5.4px"> </div>to </div><div id="a145467" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:199px;">the fair value of UBS Group<div style="display:inline-block;width:5.3px"> </div>AG’s equity instruments on<div style="display:inline-block;width:5.24px"> </div>the date of grant, taking<div style="display:inline-block;width:5.31px"> </div>into account the terms and<div style="display:inline-block;width:5.48px"> </div>conditions </div><div id="a145472" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:214.6px;">inherent in<div style="display:inline-block;width:5.37px"> </div>the award, including,<div style="display:inline-block;width:5.61px"> </div>where relevant, dividend<div style="display:inline-block;width:5.66px"> </div>rights, transfer restrictions<div style="display:inline-block;width:5.86px"> </div>in effect beyond<div style="display:inline-block;width:5.69px"> </div>the vesting date, </div><div id="a145473" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:229.8px;">market conditions, and non<div style="display:inline-block;width:1.55px"> </div>-vesting conditions.<div style="display:inline-block;width:4.4px"> </div></div><div id="a145477" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:252.5px;">For equity-settled awards,<div style="display:inline-block;width:5.96px"> </div>fair value is not<div style="display:inline-block;width:5.67px"> </div>remeasured unless<div style="display:inline-block;width:5.36px"> </div>the terms of<div style="display:inline-block;width:5.1px"> </div>the award are modified<div style="display:inline-block;width:5.66px"> </div>such that there<div style="display:inline-block;width:5.22px"> </div>is an </div><div id="a145481" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:267.6px;">incremental<div style="display:inline-block;width:5.45px"> </div>increase<div style="display:inline-block;width:6.18px"> </div>in<div style="display:inline-block;width:5.77px"> </div>value.<div style="display:inline-block;width:5.67px"> </div>Expenses<div style="display:inline-block;width:5.98px"> </div>are<div style="display:inline-block;width:5.76px"> </div>recognized,<div style="display:inline-block;width:5.69px"> </div>on<div style="display:inline-block;width:6.08px"> </div>a<div style="display:inline-block;width:5.2px"> </div>per-tranche<div style="display:inline-block;width:5.22px"> </div>basis,<div style="display:inline-block;width:5.98px"> </div>over<div style="display:inline-block;width:5.05px"> </div>the<div style="display:inline-block;width:5.72px"> </div>service<div style="display:inline-block;width:5.53px"> </div>period<div style="display:inline-block;width:6.02px"> </div>based<div style="display:inline-block;width:5.66px"> </div>on<div style="display:inline-block;width:6.08px"> </div>an </div><div id="a145484" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:283.3px;">estimate of<div style="display:inline-block;width:5.79px"> </div>the number<div style="display:inline-block;width:6.13px"> </div>of instruments<div style="display:inline-block;width:6.29px"> </div>expected<div style="display:inline-block;width:5.52px"> </div>to vest<div style="display:inline-block;width:5.52px"> </div>and<div style="display:inline-block;width:5.13px"> </div>are adjusted<div style="display:inline-block;width:6.52px"> </div>to reflect<div style="display:inline-block;width:6.25px"> </div>the actual<div style="display:inline-block;width:5.57px"> </div>outcomes<div style="display:inline-block;width:5.35px"> </div>of service<div style="display:inline-block;width:6.16px"> </div>or </div><div id="a145486" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:298.4px;">performance conditions.<div style="display:inline-block;width:4.84px"> </div></div><div id="a145488" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:321.6px;">For equity-settled<div style="display:inline-block;width:6.26px"> </div>awards,<div style="display:inline-block;width:5.27px"> </div>forfeiture events<div style="display:inline-block;width:5.45px"> </div>resulting<div style="display:inline-block;width:5.11px"> </div>from a<div style="display:inline-block;width:5.95px"> </div>breach<div style="display:inline-block;width:5.02px"> </div>of a<div style="display:inline-block;width:5.83px"> </div>non-vesting condition<div style="display:inline-block;width:6.32px"> </div>(i.e., one<div style="display:inline-block;width:5.55px"> </div>that does<div style="display:inline-block;width:5.66px"> </div>not </div><div id="a145497" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:336.7px;">relate to a service or performance condition)<div style="display:inline-block;width:5.48px"> </div>do not result in any<div style="display:inline-block;width:5.03px"> </div>adjustment to the share-based compensation<div style="display:inline-block;width:5.32px"> </div>expense. </div><div id="a145501" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:359.4px;">For<div style="display:inline-block;width:5.05px"> </div>cash-settled<div style="display:inline-block;width:5.39px"> </div>share-based<div style="display:inline-block;width:5.87px"> </div>awards,<div style="display:inline-block;width:5.79px"> </div>fair value<div style="display:inline-block;width:6.21px"> </div>is<div style="display:inline-block;width:5.21px"> </div>remeasured<div style="display:inline-block;width:5.71px"> </div>at<div style="display:inline-block;width:5.05px"> </div>each<div style="display:inline-block;width:5.2px"> </div>reporting<div style="display:inline-block;width:5.21px"> </div>date,<div style="display:inline-block;width:5.44px"> </div>so<div style="display:inline-block;width:5.46px"> </div>that<div style="display:inline-block;width:5.1px"> </div>the<div style="display:inline-block;width:5.25px"> </div>cumulative expense </div><div id="a145517" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:374.5px;">recognized equals the cash distributed.<div style="display:inline-block;width:5.46px"> </div></div><div id="a145521" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:397.3px;">Other deferred compensation plans </div><div id="a145527" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:412.4px;">Compensation<div style="display:inline-block;width:6.48px"> </div>expense<div style="display:inline-block;width:5.93px"> </div>for<div style="display:inline-block;width:5.57px"> </div>other<div style="display:inline-block;width:5.77px"> </div>deferred<div style="display:inline-block;width:5.86px"> </div>compensation<div style="display:inline-block;width:6.59px"> </div>plans<div style="display:inline-block;width:6.02px"> </div>is<div style="display:inline-block;width:5.62px"> </div>recognized<div style="display:inline-block;width:6.06px"> </div>on<div style="display:inline-block;width:6.08px"> </div>a<div style="display:inline-block;width:5.2px"> </div>per-tranche<div style="display:inline-block;width:6.26px"> </div>or<div style="display:inline-block;width:5.72px"> </div>straight-line<div style="display:inline-block;width:5.94px"> </div>basis, </div><div id="a145532" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:428px;">depending<div style="display:inline-block;width:5.37px"> </div>on the<div style="display:inline-block;width:5.76px"> </div>nature of<div style="display:inline-block;width:5.69px"> </div>the plan.<div style="display:inline-block;width:5.76px"> </div>The amount<div style="display:inline-block;width:5.81px"> </div>recognized<div style="display:inline-block;width:5.12px"> </div>is measured<div style="display:inline-block;width:6.36px"> </div>based on<div style="display:inline-block;width:5.69px"> </div>the present<div style="display:inline-block;width:6.21px"> </div>value of<div style="display:inline-block;width:5.72px"> </div>the amount </div><div id="a145537" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:443.2px;">expected to be paid under the plan and is remeasured at<div style="display:inline-block;width:1.97px"> </div>each reporting date, so that the cumulative expense recognized </div><div id="a145538" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:458.3px;">equals the cash or the fair value of<div style="display:inline-block;width:5.06px"> </div>respective financial instruments distributed.</div></div> <div id="TextBlockContainer1041" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:175px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a145587" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">5)<div style="display:inline-block;width:3.83px"> </div>Post-employment benefit plans </div><div id="a145594" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:23px;">Defined benefit plans </div><div id="a145596" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.7px;">Defined benefit plans specify an amount of benefit that an employee will receive, which usually depends on one or more </div><div id="a145602" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">factors,<div style="display:inline-block;width:3.98px"> </div>such as<div style="display:inline-block;width:5.13px"> </div>age, years<div style="display:inline-block;width:5.31px"> </div>of service and<div style="display:inline-block;width:5.72px"> </div>compensation.<div style="display:inline-block;width:5.28px"> </div>The defined<div style="display:inline-block;width:5.38px"> </div>benefit liability<div style="display:inline-block;width:5.1px"> </div>recognized in<div style="display:inline-block;width:5.32px"> </div>the balance sheet<div style="display:inline-block;width:5.66px"> </div>is </div><div id="a145606" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:69.4px;">the present value of the<div style="display:inline-block;width:5.1px"> </div>defined<div style="display:inline-block;width:4.23px"> </div>benefit obligation,<div style="display:inline-block;width:5.09px"> </div>measured using the projected<div style="display:inline-block;width:5.79px"> </div>unit credit method,<div style="display:inline-block;width:5.48px"> </div>less the fair value </div><div id="a145611" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:84.5px;">of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>plan’s<div style="display:inline-block;width:5.24px"> </div>assets<div style="display:inline-block;width:5.2px"> </div>at<div style="display:inline-block;width:5.05px"> </div>the balance<div style="display:inline-block;width:6.4px"> </div>sheet<div style="display:inline-block;width:5.3px"> </div>date,<div style="display:inline-block;width:4.99px"> </div>with<div style="display:inline-block;width:5.25px"> </div>changes<div style="display:inline-block;width:5.18px"> </div>resulting<div style="display:inline-block;width:5.58px"> </div>from<div style="display:inline-block;width:5.18px"> </div>remeasurements<div style="display:inline-block;width:5.89px"> </div>recorded<div style="display:inline-block;width:5.78px"> </div>immediately<div style="display:inline-block;width:5.37px"> </div>in </div><div id="a145618" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:99.4px;">Other comprehensive income</div><div id="a145619" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:170.992px;top:99.7px;">. If the fair value of the plan’s<div style="display:inline-block;width:5.04px"> </div>assets is higher than the present value of the defined<div style="display:inline-block;width:5.09px"> </div>benefit </div><div id="a145624" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:115.3px;">obligation, the recognition<div style="display:inline-block;width:5.22px"> </div>of the resulting net asset<div style="display:inline-block;width:5.14px"> </div>is limited to the present<div style="display:inline-block;width:5.63px"> </div>value of economic benefits available<div style="display:inline-block;width:5.24px"> </div>in the </div><div id="a145625" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:130.4px;">form of<div style="display:inline-block;width:5.1px"> </div>refunds from<div style="display:inline-block;width:5.88px"> </div>the plan<div style="display:inline-block;width:5.18px"> </div>or reductions<div style="display:inline-block;width:6px"> </div>in future<div style="display:inline-block;width:5.59px"> </div>contributions<div style="display:inline-block;width:5.15px"> </div>to the plan.<div style="display:inline-block;width:6.01px"> </div>Calculation o<div style="display:inline-block;width:1.37px"> </div>f<div style="display:inline-block;width:4.1px"> </div>the net<div style="display:inline-block;width:5.43px"> </div>defined benefit </div><div id="a145635" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:146px;">obligation or<div style="display:inline-block;width:5.49px"> </div>asset takes<div style="display:inline-block;width:5.62px"> </div>into account<div style="display:inline-block;width:5.56px"> </div>the specific<div style="display:inline-block;width:5.79px"> </div>features of<div style="display:inline-block;width:5.39px"> </div>each plan,<div style="display:inline-block;width:5.71px"> </div>including risk<div style="display:inline-block;width:5.59px"> </div>sharing between<div style="display:inline-block;width:5.59px"> </div>employee and </div><div id="a145641" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:161.2px;">employer, and<div style="display:inline-block;width:5.44px"> </div>is calculated periodically by independent<div style="display:inline-block;width:5.82px"> </div>qualified actuaries.</div></div><div id="TextBlockContainer1043" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:219px;height:10px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a145648" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Critical accounting estimates and judgments</div></div><div id="TextBlockContainer1045" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:674px;height:64px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a145650" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:0px;">The net defined benefit liability or asset at the balance sheet date and the related personnel expense depend on the expected future benefits to be provided, </div><div id="a145653" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:13.2px;">determined<div style="display:inline-block;width:5.35px"> </div>using<div style="display:inline-block;width:4.32px"> </div>a<div style="display:inline-block;width:4.97px"> </div>number<div style="display:inline-block;width:4.72px"> </div>of<div style="display:inline-block;width:4.41px"> </div>economic<div style="display:inline-block;width:4.57px"> </div>and<div style="display:inline-block;width:4.8px"> </div>demographic<div style="display:inline-block;width:4.95px"> </div>assumptions.<div style="display:inline-block;width:5.33px"> </div>A<div style="display:inline-block;width:4.73px"> </div>range<div style="display:inline-block;width:4.56px"> </div>of<div style="display:inline-block;width:4.41px"> </div>assumptions<div style="display:inline-block;width:4.78px"> </div>could<div style="display:inline-block;width:4.72px"> </div>be<div style="display:inline-block;width:4.17px"> </div>applied,<div style="display:inline-block;width:5.11px"> </div>and<div style="display:inline-block;width:4.8px"> </div>different<div style="display:inline-block;width:5.09px"> </div>assumptions<div style="display:inline-block;width:4.78px"> </div>could </div><div id="a145655" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:27px;">significantly alter<div style="display:inline-block;width:4.97px"> </div>the defined benefit<div style="display:inline-block;width:4.94px"> </div>liability or<div style="display:inline-block;width:4.1px"> </div>asset and<div style="display:inline-block;width:4.24px"> </div>pension expense<div style="display:inline-block;width:4.14px"> </div>recognized. The<div style="display:inline-block;width:4.74px"> </div>most significant<div style="display:inline-block;width:4.17px"> </div>assumptions include<div style="display:inline-block;width:4.62px"> </div>life expectancy,<div style="display:inline-block;width:4.87px"> </div>discount </div><div id="a145657" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:40.2px;">rate,<div style="display:inline-block;width:4.34px"> </div>expected salary<div style="display:inline-block;width:5.01px"> </div>increases,<div style="display:inline-block;width:4.28px"> </div>pension<div style="display:inline-block;width:4.23px"> </div>increases<div style="display:inline-block;width:4.2px"> </div>and interest<div style="display:inline-block;width:5.42px"> </div>credits on<div style="display:inline-block;width:5.16px"> </div>retirement<div style="display:inline-block;width:4.47px"> </div>savings account<div style="display:inline-block;width:5.11px"> </div>balances. Sensitivity<div style="display:inline-block;width:5.72px"> </div>analysis for<div style="display:inline-block;width:5.12px"> </div>reasonable possible </div><div id="a145664" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:53.5px;">movements in each significant assumption<div style="display:inline-block;width:4.61px"> </div>for UBS AG‘s post-employment obligations is<div style="display:inline-block;width:4.12px"> </div>provided in Note 26.</div></div><div id="TextBlockContainer1047" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:105px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a145682" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Defined contribution plans </div><div id="a145684" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">A<div style="display:inline-block;width:5.83px"> </div>defined<div style="display:inline-block;width:6.06px"> </div>contribution<div style="display:inline-block;width:6.02px"> </div>plan<div style="display:inline-block;width:5.98px"> </div>pays<div style="display:inline-block;width:5.72px"> </div>fixed<div style="display:inline-block;width:5.42px"> </div>contributions<div style="display:inline-block;width:6.54px"> </div>into<div style="display:inline-block;width:5.82px"> </div>a<div style="display:inline-block;width:5.67px"> </div>separate<div style="display:inline-block;width:5.62px"> </div>entity<div style="display:inline-block;width:5.74px"> </div>from<div style="display:inline-block;width:6.6px"> </div>which<div style="display:inline-block;width:5.88px"> </div>post-employment<div style="display:inline-block;width:6.45px"> </div>and<div style="display:inline-block;width:6.08px"> </div>other </div><div id="a145688" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.3px;">benefits<div style="display:inline-block;width:5.72px"> </div>are<div style="display:inline-block;width:5.76px"> </div>paid.<div style="display:inline-block;width:6.08px"> </div>UBS<div style="display:inline-block;width:5.65px"> </div>AG<div style="display:inline-block;width:5.26px"> </div>has<div style="display:inline-block;width:5.45px"> </div>no<div style="display:inline-block;width:5.61px"> </div>legal<div style="display:inline-block;width:5.67px"> </div>or<div style="display:inline-block;width:5.25px"> </div>constructive<div style="display:inline-block;width:5.63px"> </div>obligation<div style="display:inline-block;width:6.22px"> </div>to<div style="display:inline-block;width:5.25px"> </div>pay<div style="display:inline-block;width:5.67px"> </div>further<div style="display:inline-block;width:5.65px"> </div>amounts<div style="display:inline-block;width:6.05px"> </div>if<div style="display:inline-block;width:5.42px"> </div>the<div style="display:inline-block;width:5.72px"> </div>plan<div style="display:inline-block;width:5.5px"> </div>does<div style="display:inline-block;width:5.18px"> </div>not<div style="display:inline-block;width:5.93px"> </div>hold </div><div id="a145696" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">sufficient<div style="display:inline-block;width:8.33px"> </div>assets<div style="display:inline-block;width:8.51px"> </div>to<div style="display:inline-block;width:8.09px"> </div>pay<div style="display:inline-block;width:8.04px"> </div>employees<div style="display:inline-block;width:8.51px"> </div>the<div style="display:inline-block;width:8.09px"> </div>benefits<div style="display:inline-block;width:8.55px"> </div>relating<div style="display:inline-block;width:8.64px"> </div>to<div style="display:inline-block;width:8.09px"> </div>employee<div style="display:inline-block;width:8.46px"> </div>service<div style="display:inline-block;width:8.37px"> </div>in<div style="display:inline-block;width:8.61px"> </div>the<div style="display:inline-block;width:8.09px"> </div>current<div style="display:inline-block;width:8.02px"> </div>and<div style="display:inline-block;width:8.44px"> </div>prior<div style="display:inline-block;width:8.03px"> </div>periods. </div><div id="a145697" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61px;">Compensation<div style="display:inline-block;width:5.06px"> </div>expense is recognized<div style="display:inline-block;width:5.64px"> </div>when the employees<div style="display:inline-block;width:5.49px"> </div>have rendered<div style="display:inline-block;width:5.71px"> </div>services in exchange<div style="display:inline-block;width:5.15px"> </div>for contributions.<div style="display:inline-block;width:5.23px"> </div>This is </div><div id="a145700" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.2px;">generally in the year of contribution. Prepaid contributions are<div style="display:inline-block;width:5.13px"> </div>recognized as an asset to the extent that a cash refund or </div><div id="a145701" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:91.8px;">a reduction in future payments<div style="display:inline-block;width:5.33px"> </div>is available.</div></div> <div id="TextBlockContainer1049" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:480px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a145703" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">6)<div style="display:inline-block;width:3.83px"> </div>Income taxes </div><div id="a145709" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23.5px;">UBS AG<div style="display:inline-block;width:5.27px"> </div>is subject to<div style="display:inline-block;width:5.4px"> </div>the income tax<div style="display:inline-block;width:5.05px"> </div>laws of Switzerland<div style="display:inline-block;width:5.77px"> </div>and those<div style="display:inline-block;width:5.54px"> </div>of the non<div style="display:inline-block;width:1.63px"> </div>-Swiss jurisdictions in<div style="display:inline-block;width:5.44px"> </div>which UBS<div style="display:inline-block;width:5.48px"> </div>AG has </div><div id="a145721" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.6px;">business operations. </div><div id="a145723" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61.4px;">UBS AG’s provision for income taxes is composed of current and deferred<div style="display:inline-block;width:5.23px"> </div>taxes. Current income taxes represent taxes to </div><div id="a145725" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.5px;">be paid or<div style="display:inline-block;width:4.57px"> </div>refunded for the current period or<div style="display:inline-block;width:5.02px"> </div>previous periods.<div style="display:inline-block;width:4.42px"> </div></div><div id="a145731" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.7px;">Deferred tax<div style="display:inline-block;width:2.28px"> </div>assets (DTAs) and<div style="display:inline-block;width:2.13px"> </div>deferred tax liabilities<div style="display:inline-block;width:1.94px"> </div>(DTLs) are recognized<div style="display:inline-block;width:2.33px"> </div>for temporary differences<div style="display:inline-block;width:2.22px"> </div>between the carrying </div><div id="a145738" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:114.8px;">amounts<div style="display:inline-block;width:5.08px"> </div>and<div style="display:inline-block;width:5.13px"> </div>tax bases<div style="display:inline-block;width:5.72px"> </div>of<div style="display:inline-block;width:5.25px"> </div>assets<div style="display:inline-block;width:5.2px"> </div>and<div style="display:inline-block;width:5.13px"> </div>liabilities<div style="display:inline-block;width:5.15px"> </div>that will<div style="display:inline-block;width:5.94px"> </div>result<div style="display:inline-block;width:5.51px"> </div>in deductible<div style="display:inline-block;width:6.63px"> </div>or<div style="display:inline-block;width:5.25px"> </div>taxable amounts<div style="display:inline-block;width:1.71px"> </div>,<div style="display:inline-block;width:4.83px"> </div>respectively<div style="display:inline-block;width:5.04px"> </div>in<div style="display:inline-block;width:5.34px"> </div>future </div><div id="a145749" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:130px;">periods.<div style="display:inline-block;width:4.32px"> </div>DTAs may also arise from<div style="display:inline-block;width:5.02px"> </div>other sources, including<div style="display:inline-block;width:5.55px"> </div>unused tax losses and<div style="display:inline-block;width:5.47px"> </div>unused tax credits. DTAs and<div style="display:inline-block;width:5.53px"> </div>DTLs are </div><div id="a145757" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:145.6px;">measured<div style="display:inline-block;width:5.12px"> </div>using<div style="display:inline-block;width:5.28px"> </div>the applicable<div style="display:inline-block;width:5.92px"> </div>tax<div style="display:inline-block;width:5.32px"> </div>rates and<div style="display:inline-block;width:5.93px"> </div>laws<div style="display:inline-block;width:5.25px"> </div>that have<div style="display:inline-block;width:6.34px"> </div>been<div style="display:inline-block;width:5.13px"> </div>enacted or<div style="display:inline-block;width:6.35px"> </div>substantively enacted<div style="display:inline-block;width:6.56px"> </div>by<div style="display:inline-block;width:5.2px"> </div>the end<div style="display:inline-block;width:6.23px"> </div>of the </div><div id="a145759" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.7px;">reporting period and<div style="display:inline-block;width:5.29px"> </div>that will be in effect when such differences<div style="display:inline-block;width:5.04px"> </div>are expected to reverse. </div><div id="a145765" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183.4px;">DTAs are recognized<div style="display:inline-block;width:5.29px"> </div>only to the<div style="display:inline-block;width:5.23px"> </div>extent it is probable<div style="display:inline-block;width:6.16px"> </div>that sufficient taxable profits<div style="display:inline-block;width:5.58px"> </div>will be<div style="display:inline-block;width:5.3px"> </div>available against which<div style="display:inline-block;width:5.5px"> </div>these </div><div id="a145769" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:198.5px;">differences can<div style="display:inline-block;width:5.94px"> </div>be used<div style="display:inline-block;width:1.8px"> </div>.<div style="display:inline-block;width:5.31px"> </div>When an<div style="display:inline-block;width:6.18px"> </div>entity or<div style="display:inline-block;width:6.36px"> </div>tax group<div style="display:inline-block;width:6.79px"> </div>has a<div style="display:inline-block;width:6.03px"> </div>history of<div style="display:inline-block;width:5.67px"> </div>recent<div style="display:inline-block;width:5.13px"> </div>losses,<div style="display:inline-block;width:5.77px"> </div>DTAs<div style="display:inline-block;width:5.03px"> </div>are only<div style="display:inline-block;width:5.96px"> </div>recognized<div style="display:inline-block;width:5.59px"> </div>to the </div><div id="a145775" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:214.2px;">extent there are sufficient<div style="display:inline-block;width:2px"> </div>taxable temporary differences or there is<div style="display:inline-block;width:2.04px"> </div>convincing other evidence<div style="display:inline-block;width:2.29px"> </div>that sufficient taxable profit </div><div id="a145779" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:229.3px;">will be available against which the<div style="display:inline-block;width:5.04px"> </div>unused tax losses can be<div style="display:inline-block;width:5.15px"> </div>utilized. </div><div id="a145783" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:252.5px;">Deferred and current tax assets<div style="display:inline-block;width:2px"> </div>and liabilities are offset when:<div style="display:inline-block;width:3.13px"> </div>(i) they arise in the<div style="display:inline-block;width:2.24px"> </div>same tax reporting group;<div style="display:inline-block;width:2.88px"> </div>(ii) they relate </div><div id="a145793" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:267.6px;">to the same<div style="display:inline-block;width:5.4px"> </div>tax authority;<div style="display:inline-block;width:5.47px"> </div>(iii) the legal<div style="display:inline-block;width:5.82px"> </div>right to offset<div style="display:inline-block;width:5.48px"> </div>exists;<div style="display:inline-block;width:5.07px"> </div>and (iv) with<div style="display:inline-block;width:5.33px"> </div>respect to<div style="display:inline-block;width:5.34px"> </div>current taxes<div style="display:inline-block;width:5.07px"> </div>they are<div style="display:inline-block;width:5.24px"> </div>intended to </div><div id="a145806" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:282.8px;">be settled net or realized simultaneously. </div><div id="a145808" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:305.5px;">Current and deferred taxes are recognized<div style="display:inline-block;width:5.49px"> </div>as income tax benefit or expense in the income statement, except<div style="display:inline-block;width:5.18px"> </div>for current </div><div id="a145810" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:320.6px;">and deferred taxes recognized in relation<div style="display:inline-block;width:5.67px"> </div>to: (i) the acquisition of a subsidiary<div style="display:inline-block;width:5.25px"> </div>(for which such amounts<div style="display:inline-block;width:5.37px"> </div>would affect the </div><div id="a145813" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:336.2px;">amount<div style="display:inline-block;width:5.03px"> </div>of goodwill<div style="display:inline-block;width:5.96px"> </div>arising from<div style="display:inline-block;width:5.85px"> </div>the acquisition);<div style="display:inline-block;width:6.39px"> </div>(ii) gains<div style="display:inline-block;width:5.21px"> </div>and losses<div style="display:inline-block;width:5.48px"> </div>on<div style="display:inline-block;width:5.13px"> </div>the sale<div style="display:inline-block;width:5.3px"> </div>of treasury<div style="display:inline-block;width:5.66px"> </div>shares<div style="display:inline-block;width:5.12px"> </div>(for which<div style="display:inline-block;width:5.98px"> </div>the tax </div><div id="a145817" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:351.3px;">effects<div style="display:inline-block;width:5.3px"> </div>are<div style="display:inline-block;width:5.76px"> </div>recognized<div style="display:inline-block;width:6.06px"> </div>directly<div style="display:inline-block;width:5.67px"> </div>in </div><div id="a145818" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:200.338px;top:351.1px;">Equity</div><div id="a145819" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:234.858px;top:351.3px;">);<div style="display:inline-block;width:5.88px"> </div>(iii) unrealized<div style="display:inline-block;width:6px"> </div>gains<div style="display:inline-block;width:5.55px"> </div>or<div style="display:inline-block;width:5.72px"> </div>losses<div style="display:inline-block;width:5.45px"> </div>on<div style="display:inline-block;width:5.61px"> </div>financial<div style="display:inline-block;width:5.88px"> </div>instruments<div style="display:inline-block;width:5.66px"> </div>that<div style="display:inline-block;width:5.57px"> </div>are<div style="display:inline-block;width:5.76px"> </div>classified<div style="display:inline-block;width:5.78px"> </div>at </div><div id="a145822" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:367px;">FVOCI; (iv) changes in fair value of<div style="display:inline-block;width:2.34px"> </div>derivative instruments designated as cash flow hedges; (v) remeasurements of defined </div><div id="a145828" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:382.1px;">benefit plans;<div style="display:inline-block;width:5.28px"> </div>or (vi) certain<div style="display:inline-block;width:5.02px"> </div>foreign currency<div style="display:inline-block;width:5.47px"> </div>translations of<div style="display:inline-block;width:5.39px"> </div>foreign operations.<div style="display:inline-block;width:5.82px"> </div>Amounts relating<div style="display:inline-block;width:5.46px"> </div>to points<div style="display:inline-block;width:5.28px"> </div>(iii) through </div><div id="a145831" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:397.3px;">(vi) above are recognized in </div><div id="a145832" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:163.898px;top:397px;">Other comprehensive income</div><div id="a145833" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:329.978px;top:397.3px;"><div style="display:inline-block;width:3.79px"> </div>within </div><div id="a145835" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:373.525px;top:397px;">Equity</div><div id="a145836" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:408.072px;top:397.3px;">. </div><div id="a145838" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:420.4px;">UBS AG<div style="display:inline-block;width:5.24px"> </div>reflects the potential<div style="display:inline-block;width:5.07px"> </div>effect of uncertain<div style="display:inline-block;width:5.98px"> </div>tax positions<div style="display:inline-block;width:5.02px"> </div>for which acceptance<div style="display:inline-block;width:5.63px"> </div>by the relevant<div style="display:inline-block;width:5.29px"> </div>tax authority is<div style="display:inline-block;width:5.31px"> </div>not </div><div id="a145839" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:435.6px;">considered probable by adjusting current or deferred<div style="display:inline-block;width:2.29px"> </div>taxes, as applicable,<div style="display:inline-block;width:2.14px"> </div>using either the most likely<div style="display:inline-block;width:1.66px"> </div>amount or expected </div><div id="a145840" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:450.7px;">value methods,<div style="display:inline-block;width:5.66px"> </div>depending on<div style="display:inline-block;width:5.4px"> </div>which method<div style="display:inline-block;width:5.34px"> </div>is deemed<div style="display:inline-block;width:5.03px"> </div>a better predictor<div style="display:inline-block;width:5.23px"> </div>of the<div style="display:inline-block;width:5.4px"> </div>basis on<div style="display:inline-block;width:5.43px"> </div>which, and<div style="display:inline-block;width:5.54px"> </div>extent to which, </div><div id="a145842" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:466.3px;">the uncertainty will be resolved.</div></div><div id="TextBlockContainer1052" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:219px;height:10px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a145882" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Critical accounting estimates and<div style="display:inline-block;width:4.1px"> </div>judgments</div></div><div id="TextBlockContainer1054" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:674px;height:117px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a145885" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:0px;">Tax laws are complex, and judgment and interpretations about the<div style="display:inline-block;width:1.24px"> </div>application of such laws<div style="display:inline-block;width:1.07px"> </div>are required when accounting for income taxes. UBS<div style="display:inline-block;width:1.18px"> </div>AG considers </div><div id="a145891" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:13.3px;">the<div style="display:inline-block;width:4.17px"> </div>performance<div style="display:inline-block;width:4.1px"> </div>of its<div style="display:inline-block;width:4.57px"> </div>businesses and<div style="display:inline-block;width:4.69px"> </div>the accuracy<div style="display:inline-block;width:4.75px"> </div>of historical<div style="display:inline-block;width:4.8px"> </div>forecasts and<div style="display:inline-block;width:4.9px"> </div>other factor<div style="display:inline-block;width:1.59px"> </div>s<div style="display:inline-block;width:3.71px"> </div>when evaluating<div style="display:inline-block;width:5.1px"> </div>the recoverability<div style="display:inline-block;width:5px"> </div>of its<div style="display:inline-block;width:4.66px"> </div>DTAs,<div style="display:inline-block;width:4.24px"> </div>including<div style="display:inline-block;width:4.39px"> </div>the </div><div id="a145898" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:26.5px;">remaining tax<div style="display:inline-block;width:4.67px"> </div>loss carry-forward<div style="display:inline-block;width:4.11px"> </div>period, and its assessment<div style="display:inline-block;width:4.93px"> </div>of expected<div style="display:inline-block;width:4.26px"> </div>future taxable profits<div style="display:inline-block;width:4.69px"> </div>in the forecast<div style="display:inline-block;width:4.28px"> </div>period used<div style="display:inline-block;width:4.23px"> </div>for recognizing<div style="display:inline-block;width:4.58px"> </div>DTAs. Estimating </div><div id="a145903" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:40.2px;">future profitability and<div style="display:inline-block;width:4.21px"> </div>business plan forecasts is inherently<div style="display:inline-block;width:4.51px"> </div>subjective and is particularly sensitive to future<div style="display:inline-block;width:4.27px"> </div>economic, market and other conditions.<div style="display:inline-block;width:3.47px"> </div></div><div id="a145906" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:53.5px;">Forecasts are<div style="display:inline-block;width:4.86px"> </div>reviewed<div style="display:inline-block;width:4.2px"> </div>annually,<div style="display:inline-block;width:4.45px"> </div>but adjustments<div style="display:inline-block;width:4.86px"> </div>may be<div style="display:inline-block;width:4.1px"> </div>made at<div style="display:inline-block;width:4.49px"> </div>other times,<div style="display:inline-block;width:4.57px"> </div>if required.<div style="display:inline-block;width:4.61px"> </div>If recent<div style="display:inline-block;width:4.68px"> </div>losses have<div style="display:inline-block;width:4.16px"> </div>been incurred<div style="display:inline-block;width:2.05px"> </div>,<div style="display:inline-block;width:3.39px"> </div>convincing evidence<div style="display:inline-block;width:4.91px"> </div>is </div><div id="a145909" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:66.7px;">required to prove there<div style="display:inline-block;width:4.17px"> </div>is sufficient future profitability given that the value of UBS AG’s DTAs<div style="display:inline-block;width:4.5px"> </div>may be affected, with effects primarily recognized through<div style="display:inline-block;width:4.42px"> </div>the </div><div id="a145917" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:80px;">income statement. </div><div id="a145919" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:93.2px;">In addition, judgment is required to assess the expected value of uncertain tax positions and the related probabilities,<div style="display:inline-block;width:4.37px"> </div>including interpretation of tax laws, </div><div id="a145921" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:106.9px;">the resolution of any income tax-related<div style="display:inline-block;width:4.61px"> </div>appeals and litigation.</div></div> <div id="TextBlockContainer1057" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:182px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a145929" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">7)<div style="display:inline-block;width:3.83px"> </div>Property, equipment and software </div><div id="a145932" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:23.3px;">Property,<div style="display:inline-block;width:5.82px"> </div>equipment and<div style="display:inline-block;width:5.64px"> </div>software</div><div id="a145934" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:201.765px;top:23.5px;"><div style="display:inline-block;width:4.25px"> </div>is measured<div style="display:inline-block;width:5.67px"> </div>at<div style="display:inline-block;width:5.05px"> </div>cost less<div style="display:inline-block;width:5.2px"> </div>accumulated dep<div style="display:inline-block;width:1.82px"> </div>reciation<div style="display:inline-block;width:5.13px"> </div>and impairment<div style="display:inline-block;width:5.29px"> </div>losses. Software </div><div id="a145942" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.7px;">development costs are capitalized<div style="display:inline-block;width:5.27px"> </div>only when the costs<div style="display:inline-block;width:5.17px"> </div>can be measured reliably<div style="display:inline-block;width:5.4px"> </div>and it is probable that<div style="display:inline-block;width:5.45px"> </div>future economic </div><div id="a145943" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">benefits<div style="display:inline-block;width:5.72px"> </div>will<div style="display:inline-block;width:5.47px"> </div>arise.<div style="display:inline-block;width:5.57px"> </div>Depreciation<div style="display:inline-block;width:6.52px"> </div>of<div style="display:inline-block;width:5.72px"> </div>property,<div style="display:inline-block;width:7.18px"> </div>equipment<div style="display:inline-block;width:6.07px"> </div>and<div style="display:inline-block;width:6.08px"> </div>software<div style="display:inline-block;width:5.34px"> </div>begins<div style="display:inline-block;width:6.23px"> </div>when<div style="display:inline-block;width:5.91px"> </div>they<div style="display:inline-block;width:5.52px"> </div>are<div style="display:inline-block;width:5.78px"> </div>available<div style="display:inline-block;width:5.36px"> </div>for<div style="display:inline-block;width:5.57px"> </div>use<div style="display:inline-block;width:6px"> </div>and<div style="display:inline-block;width:6.08px"> </div>is </div><div id="a145950" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:69.4px;">calculated on a straight line basis over an<div style="display:inline-block;width:5.15px"> </div>asset’s estimated useful life.<div style="display:inline-block;width:5.49px"> </div></div><div id="a145953" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:92.1px;">Property,<div style="display:inline-block;width:6.03px"> </div>equipment<div style="display:inline-block;width:6.07px"> </div>and<div style="display:inline-block;width:5.61px"> </div>software<div style="display:inline-block;width:5.81px"> </div>are<div style="display:inline-block;width:5.29px"> </div>generally<div style="display:inline-block;width:5.52px"> </div>tested<div style="display:inline-block;width:5.62px"> </div>for<div style="display:inline-block;width:5.57px"> </div>impairment<div style="display:inline-block;width:5.73px"> </div>at<div style="display:inline-block;width:5.52px"> </div>the<div style="display:inline-block;width:5.72px"> </div>appropriate<div style="display:inline-block;width:5.69px"> </div>cash-generating<div style="display:inline-block;width:6.32px"> </div>unit<div style="display:inline-block;width:5.82px"> </div>level, </div><div id="a145957" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.3px;">alongside goodwill and intangible assets as described in item 8 in this<div style="display:inline-block;width:2.2px"> </div>Note. An impairment charge is recognized for such </div><div id="a145965" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:122.9px;">assets<div style="display:inline-block;width:5.67px"> </div>if<div style="display:inline-block;width:5.92px"> </div>the<div style="display:inline-block;width:5.72px"> </div>recoverable<div style="display:inline-block;width:5.98px"> </div>amount<div style="display:inline-block;width:5.98px"> </div>is<div style="display:inline-block;width:5.71px"> </div>below<div style="display:inline-block;width:6.08px"> </div>its<div style="display:inline-block;width:5.94px"> </div>carrying<div style="display:inline-block;width:5.74px"> </div>amount.<div style="display:inline-block;width:6.08px"> </div>The<div style="display:inline-block;width:6.01px"> </div>recoverable<div style="display:inline-block;width:5.98px"> </div>amounts<div style="display:inline-block;width:6.56px"> </div>of<div style="display:inline-block;width:5.72px"> </div>such<div style="display:inline-block;width:5.93px"> </div>assets,<div style="display:inline-block;width:5.77px"> </div>other<div style="display:inline-block;width:5.77px"> </div>than </div><div id="a145972" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:138px;">property that has<div style="display:inline-block;width:5.8px"> </div>a market price, are<div style="display:inline-block;width:5.46px"> </div>generally determined<div style="display:inline-block;width:5.19px"> </div>using a<div style="display:inline-block;width:5.38px"> </div>replacement cost approach<div style="display:inline-block;width:5.4px"> </div>that reflects the amount </div><div id="a145975" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:153.1px;">that would be currently required by a market participant to replace the service capacity<div style="display:inline-block;width:5.21px"> </div>of the asset. If such assets are no </div><div id="a145976" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:168.8px;">longer used, they are tested<div style="display:inline-block;width:5.05px"> </div>individually for impairment.</div></div> <div id="TextBlockContainer1059" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:121px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a145989" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">8) Goodwill </div><div id="a145992" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23.5px;">Goodwill<div style="display:inline-block;width:5.5px"> </div>represents<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.35px"> </div>excess of<div style="display:inline-block;width:6.94px"> </div>the<div style="display:inline-block;width:5.25px"> </div>consideration over<div style="display:inline-block;width:5.97px"> </div>the<div style="display:inline-block;width:5.25px"> </div>fair<div style="display:inline-block;width:5.26px"> </div>value<div style="display:inline-block;width:5.1px"> </div>of<div style="display:inline-block;width:5.72px"> </div>identifiable assets,<div style="display:inline-block;width:5.29px"> </div>liabilities and<div style="display:inline-block;width:6.13px"> </div>contingent </div><div id="a145994" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.7px;">liabilities acquired that arises in a<div style="display:inline-block;width:5.04px"> </div>business combination.<div style="display:inline-block;width:3.61px"> </div>Goodwill is not amortized, but is assessed for<div style="display:inline-block;width:5.37px"> </div>impairment at the </div><div id="a146002" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:54.3px;">end<div style="display:inline-block;width:5.13px"> </div>of<div style="display:inline-block;width:5.25px"> </div>each reporting<div style="display:inline-block;width:5.32px"> </div>period,<div style="display:inline-block;width:4.8px"> </div>or when<div style="display:inline-block;width:6.37px"> </div>indicators of<div style="display:inline-block;width:5.29px"> </div>impairment exist.<div style="display:inline-block;width:5.18px"> </div>UBS<div style="display:inline-block;width:5.09px"> </div>AG tests<div style="display:inline-block;width:5.65px"> </div>goodwill for<div style="display:inline-block;width:5.8px"> </div>impairment annually, </div><div id="a146016" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:69.4px;">irrespective of whether<div style="display:inline-block;width:2.24px"> </div>there is any indication<div style="display:inline-block;width:1.48px"> </div>of impairment.<div style="display:inline-block;width:1.95px"> </div></div><div id="a146019" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:92.1px;">An impairment charge is recognized in the income<div style="display:inline-block;width:2.21px"> </div>statement if the carrying<div style="display:inline-block;width:2.27px"> </div>amount exceeds the recoverable amount<div style="display:inline-block;width:1.85px"> </div>of a </div><div id="a146024" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.3px;">cash-generating<div style="display:inline-block;width:2.22px"> </div>unit.</div></div><div id="TextBlockContainer1061" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:219px;height:10px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a146030" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Critical accounting estimates and judgments</div></div><div id="TextBlockContainer1063" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:674px;height:90px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a146032" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:0px;">UBS AG‘s methodology for goodwill impairment<div style="display:inline-block;width:4.31px"> </div>testing is based on a model that is most sensitive to the following key assumptions: (<div style="display:inline-block;width:1.63px"> </div>i) forecasts of earnings </div><div id="a146039" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:13.3px;">available to shareholders<div style="display:inline-block;width:4.21px"> </div>in years one to three; (ii) changes in<div style="display:inline-block;width:4.26px"> </div>the discount rates; and (iii) changes in<div style="display:inline-block;width:4.14px"> </div>the long-term growth rate.<div style="display:inline-block;width:3.37px"> </div></div><div id="a146048" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:26.5px;">Earnings available to shareholders<div style="display:inline-block;width:4.61px"> </div>are estimated on<div style="display:inline-block;width:4.19px"> </div>the basis of forecast<div style="display:inline-block;width:4.11px"> </div>results, which are part<div style="display:inline-block;width:4.45px"> </div>of the business plan approved<div style="display:inline-block;width:4.53px"> </div>by the BoD. The discount </div><div id="a146053" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:39.8px;">rates<div style="display:inline-block;width:4.18px"> </div>and growth<div style="display:inline-block;width:5.36px"> </div>rates are<div style="display:inline-block;width:4.91px"> </div>determined using<div style="display:inline-block;width:5.02px"> </div>external information,<div style="display:inline-block;width:5.29px"> </div>and also<div style="display:inline-block;width:4.9px"> </div>considering inputs<div style="display:inline-block;width:5px"> </div>from both<div style="display:inline-block;width:4.9px"> </div>internal and<div style="display:inline-block;width:4.85px"> </div>external analysts<div style="display:inline-block;width:5.03px"> </div>and the<div style="display:inline-block;width:4.79px"> </div>view of </div><div id="a146057" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:53.5px;">management.<div style="display:inline-block;width:3.41px"> </div></div><div id="a146059" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:66.7px;">The key assumptions<div style="display:inline-block;width:4.47px"> </div>used to determine<div style="display:inline-block;width:4.55px"> </div>the recoverable amounts<div style="display:inline-block;width:4.58px"> </div>of each cash-generating<div style="display:inline-block;width:4.5px"> </div>unit are tested<div style="display:inline-block;width:4.19px"> </div>for sensitivity by applying<div style="display:inline-block;width:4.64px"> </div>reasonably possible </div><div id="a146062" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:79.9px;">changes to those assumptions.</div></div> <div id="TextBlockContainer1065" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:235px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a146074" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">9)<div style="display:inline-block;width:3.83px"> </div>Provisions and contingent liabilities </div><div id="a146077" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23px;">Provisions are liabilities<div style="display:inline-block;width:1.57px"> </div>of uncertain timing or<div style="display:inline-block;width:1.71px"> </div>amount, and are<div style="display:inline-block;width:2.27px"> </div>generally recognized<div style="display:inline-block;width:2.29px"> </div>in accordance with<div style="display:inline-block;width:1.86px"> </div>IAS 37, </div><div id="a146083" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:626.205px;top:22.8px;">Provisions, </div><div id="a146084" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:37.9px;">Contingent Liabilities and Contingent<div style="display:inline-block;width:5.45px"> </div>Assets</div><div id="a146086" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:255.698px;top:38.2px;">, when:<div style="display:inline-block;width:4.65px"> </div>(i) UBS AG has a present<div style="display:inline-block;width:5.48px"> </div>obligation<div style="display:inline-block;width:5.27px"> </div>as a result of a past<div style="display:inline-block;width:5.05px"> </div>event; (ii) it </div><div id="a146100" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">is probable that an outflow<div style="display:inline-block;width:2.06px"> </div>of resources will be<div style="display:inline-block;width:2.25px"> </div>required to settle the<div style="display:inline-block;width:2.14px"> </div>obligation; and (iii) a reliable estimate<div style="display:inline-block;width:2.17px"> </div>of the amount </div><div id="a146104" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:68.9px;">of the obligation can be<div style="display:inline-block;width:5.04px"> </div>made.<div style="display:inline-block;width:3.59px"> </div></div><div id="a146106" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:92.1px;">The<div style="display:inline-block;width:5.88px"> </div>majority<div style="display:inline-block;width:5.48px"> </div>of<div style="display:inline-block;width:5.72px"> </div>UBS<div style="display:inline-block;width:6.03px"> </div>AG’s<div style="display:inline-block;width:5.88px"> </div>provisions<div style="display:inline-block;width:6.26px"> </div>relate<div style="display:inline-block;width:5.5px"> </div>to<div style="display:inline-block;width:5.72px"> </div>litigation,<div style="display:inline-block;width:6.14px"> </div>regulatory<div style="display:inline-block;width:5.75px"> </div>and<div style="display:inline-block;width:6.08px"> </div>similar<div style="display:inline-block;width:5.58px"> </div>matters,<div style="display:inline-block;width:5.69px"> </div>restructuring,<div style="display:inline-block;width:7.1px"> </div>and<div style="display:inline-block;width:6.08px"> </div>employee </div><div id="a146108" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.2px;">benefits.<div style="display:inline-block;width:5.82px"> </div>Restructuring<div style="display:inline-block;width:6.29px"> </div>provisions<div style="display:inline-block;width:6.26px"> </div>are<div style="display:inline-block;width:5.76px"> </div>generally<div style="display:inline-block;width:5.52px"> </div>recognized<div style="display:inline-block;width:6.06px"> </div>as<div style="display:inline-block;width:5.72px"> </div>a<div style="display:inline-block;width:5.67px"> </div>consequence<div style="display:inline-block;width:6.33px"> </div>of<div style="display:inline-block;width:5.72px"> </div>management<div style="display:inline-block;width:5.82px"> </div>agreeing<div style="display:inline-block;width:6.26px"> </div>to<div style="display:inline-block;width:5.72px"> </div>materially </div><div id="a146109" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:122.4px;">change the scope of the business<div style="display:inline-block;width:5.75px"> </div>or the manner in which it<div style="display:inline-block;width:5.01px"> </div>is conducted, including changes<div style="display:inline-block;width:6.02px"> </div>in management structures. </div><div id="a146110" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:138px;">Provisions<div style="display:inline-block;width:7.03px"> </div>for<div style="display:inline-block;width:6.52px"> </div>employee<div style="display:inline-block;width:6.57px"> </div>benefits<div style="display:inline-block;width:6.66px"> </div>relate<div style="display:inline-block;width:6.45px"> </div>mainly<div style="display:inline-block;width:6.73px"> </div>to<div style="display:inline-block;width:6.67px"> </div>service<div style="display:inline-block;width:6.48px"> </div>anniversaries<div style="display:inline-block;width:6.88px"> </div>and<div style="display:inline-block;width:7.03px"> </div>sabbatical<div style="display:inline-block;width:6.51px"> </div>leave,<div style="display:inline-block;width:6.42px"> </div>and<div style="display:inline-block;width:7.03px"> </div>are<div style="display:inline-block;width:6.71px"> </div>recognized<div style="display:inline-block;width:7.01px"> </div>in </div><div id="a146112" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:153.1px;">accordance with measurement principles set out in item 4<div style="display:inline-block;width:5.04px"> </div>in this Note. In addition, UBS AG presents expected credit loss </div><div id="a146115" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:168.3px;">allowances within </div><div id="a146116" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:110.898px;top:168px;">Provisions</div><div id="a146118" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:166.738px;top:168.3px;"><div style="display:inline-block;width:4.25px"> </div>if they relate<div style="display:inline-block;width:6.25px"> </div>to a loan<div style="display:inline-block;width:5.76px"> </div>commitment,<div style="display:inline-block;width:5.11px"> </div>financial guarantee<div style="display:inline-block;width:5.82px"> </div>contract or a<div style="display:inline-block;width:5.95px"> </div>revolving revocable </div><div id="a146120" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183.9px;">credit line. </div><div id="a146122" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:206.6px;">IAS 37 provisions are measured<div style="display:inline-block;width:1.96px"> </div>considering the best<div style="display:inline-block;width:1.8px"> </div>estimate<div style="display:inline-block;width:2.32px"> </div>of the consideration<div style="display:inline-block;width:2.07px"> </div>required to settle<div style="display:inline-block;width:1.52px"> </div>the present obligation </div><div id="a146125" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:221.7px;">at the balance sheet date.</div></div><div id="TextBlockContainer1069" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:60px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a146165" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">When conditions required to recognize a provision<div style="display:inline-block;width:5.13px"> </div>are not met, a contingent liability is disclosed, unless the likelihood of </div><div id="a146166" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">an outflow<div style="display:inline-block;width:6.28px"> </div>of resources<div style="display:inline-block;width:5.83px"> </div>is remote.<div style="display:inline-block;width:5.94px"> </div>Contingent liabilities<div style="display:inline-block;width:5.53px"> </div>are also<div style="display:inline-block;width:6.11px"> </div>disclosed<div style="display:inline-block;width:5.02px"> </div>for possible<div style="display:inline-block;width:6.17px"> </div>obligations<div style="display:inline-block;width:5.32px"> </div>that arise<div style="display:inline-block;width:5.47px"> </div>from past </div><div id="a146170" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">events, the<div style="display:inline-block;width:5.86px"> </div>existence of<div style="display:inline-block;width:5.92px"> </div>which will<div style="display:inline-block;width:5.83px"> </div>be confirmed<div style="display:inline-block;width:5.82px"> </div>only by<div style="display:inline-block;width:5.88px"> </div>uncertain future<div style="display:inline-block;width:5.96px"> </div>events not<div style="display:inline-block;width:5.93px"> </div>wholly within<div style="display:inline-block;width:6.02px"> </div>the control<div style="display:inline-block;width:6.06px"> </div>of UBS </div><div id="a146178" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.4px;">AG.</div></div><div id="TextBlockContainer1071" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:219px;height:10px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a146182" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Critical accounting estimates and judgments</div></div><div id="TextBlockContainer1073" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:674px;height:90px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a146184" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:0px;">Recognition of provisions<div style="display:inline-block;width:4.85px"> </div>often involves significant<div style="display:inline-block;width:4.48px"> </div>judgment in assessing<div style="display:inline-block;width:4.21px"> </div>the existence of<div style="display:inline-block;width:4.18px"> </div>an obligation that<div style="display:inline-block;width:4.3px"> </div>results from<div style="display:inline-block;width:4.31px"> </div>past events and in<div style="display:inline-block;width:4.15px"> </div>estimating the </div><div id="a146188" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:13.3px;">probability,<div style="display:inline-block;width:5.18px"> </div>timing and<div style="display:inline-block;width:4.32px"> </div>amount of any<div style="display:inline-block;width:4.79px"> </div>outflows of<div style="display:inline-block;width:4.52px"> </div>resources.<div style="display:inline-block;width:4.22px"> </div>This is particularly<div style="display:inline-block;width:5.07px"> </div>the case<div style="display:inline-block;width:4.49px"> </div>for litigation,<div style="display:inline-block;width:4.51px"> </div>regulatory and<div style="display:inline-block;width:4.11px"> </div>similar matters,<div style="display:inline-block;width:4.51px"> </div>which, due<div style="display:inline-block;width:4.63px"> </div>to their </div><div id="a146193" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:27px;">nature, are<div style="display:inline-block;width:4.14px"> </div>subject to many uncertainties,<div style="display:inline-block;width:3.27px"> </div>making their outcome difficult to<div style="display:inline-block;width:4.27px"> </div>predict.<div style="display:inline-block;width:2.8px"> </div></div><div id="a146198" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:40.2px;">The amount<div style="display:inline-block;width:4.47px"> </div>of any<div style="display:inline-block;width:4.25px"> </div>provision recognized<div style="display:inline-block;width:4.43px"> </div>is sensitive<div style="display:inline-block;width:4.57px"> </div>to the assumptions<div style="display:inline-block;width:4.54px"> </div>used and<div style="display:inline-block;width:4.39px"> </div>there could<div style="display:inline-block;width:4.19px"> </div>be a wide<div style="display:inline-block;width:4.95px"> </div>range of possible<div style="display:inline-block;width:4.59px"> </div>outcomes for<div style="display:inline-block;width:4.25px"> </div>any particular </div><div id="a146200" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:53.5px;">matter. </div><div id="a146202" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:18.843px;top:66.7px;">Management regularly reviews<div style="display:inline-block;width:4.45px"> </div>all the available information<div style="display:inline-block;width:4.48px"> </div>regarding such matters,<div style="display:inline-block;width:4.44px"> </div>including legal advice, to assess whether<div style="display:inline-block;width:4.69px"> </div>the recognition criteria<div style="display:inline-block;width:4.43px"> </div>for </div><div id="a146204" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:3.679px;top:80px;">provisions have been satisfied and<div style="display:inline-block;width:4.62px"> </div>to determine the timing and amount of any potential<div style="display:inline-block;width:4.36px"> </div>outflows.</div></div> <div id="TextBlockContainer1075" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:289px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a146214" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">10)<div style="display:inline-block;width:4.03px"> </div>Foreign currency translation </div><div id="a146218" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23px;">Transactions<div style="display:inline-block;width:5.56px"> </div>denominated in a foreign<div style="display:inline-block;width:5.23px"> </div>currency are translated into the<div style="display:inline-block;width:5.52px"> </div>functional currency of the reporting<div style="display:inline-block;width:5.55px"> </div>entity at the </div><div id="a146219" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.7px;">spot<div style="display:inline-block;width:5.06px"> </div>exchange rate<div style="display:inline-block;width:6.15px"> </div>on<div style="display:inline-block;width:5.13px"> </div>the date<div style="display:inline-block;width:5.88px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the transaction.<div style="display:inline-block;width:6.29px"> </div>At the<div style="display:inline-block;width:5.83px"> </div>balance<div style="display:inline-block;width:5.3px"> </div>sheet date,<div style="display:inline-block;width:6.5px"> </div>all monetary<div style="display:inline-block;width:6.26px"> </div>assets,<div style="display:inline-block;width:5.14px"> </div>including<div style="display:inline-block;width:5.7px"> </div>those<div style="display:inline-block;width:5.03px"> </div>at </div><div id="a146222" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">FVOCI,<div style="display:inline-block;width:5.03px"> </div>and<div style="display:inline-block;width:5.61px"> </div>monetary liabilities<div style="display:inline-block;width:6.48px"> </div>denominated<div style="display:inline-block;width:5.8px"> </div>in<div style="display:inline-block;width:5.3px"> </div>foreign<div style="display:inline-block;width:5.16px"> </div>currency are<div style="display:inline-block;width:6.54px"> </div>translated<div style="display:inline-block;width:5.75px"> </div>into<div style="display:inline-block;width:5.35px"> </div>the<div style="display:inline-block;width:5.25px"> </div>functional<div style="display:inline-block;width:5.29px"> </div>currency using<div style="display:inline-block;width:7.01px"> </div>the </div><div id="a146231" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:69.4px;">closing exchange rate. Translation<div style="display:inline-block;width:6.74px"> </div>differences are<div style="display:inline-block;width:5.56px"> </div>reported in </div><div id="a146234" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:356.965px;top:69.1px;">Other net income<div style="display:inline-block;width:5.19px"> </div>from financial instruments<div style="display:inline-block;width:5.35px"> </div>measured at </div><div id="a146236" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:84.3px;">fair value through profit or loss</div><div id="a146237" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:181.392px;top:84.5px;">. </div><div id="a146239" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.3px;">Non-monetary items measured<div style="display:inline-block;width:5.14px"> </div>at historical cost are translated at the exchange<div style="display:inline-block;width:5.38px"> </div>rate on the date of the<div style="display:inline-block;width:5.07px"> </div>transaction.<div style="display:inline-block;width:4.16px"> </div></div><div id="a146243" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:130px;">Upon consolidation,<div style="display:inline-block;width:0.65px"> </div>assets and<div style="display:inline-block;width:1.45px"> </div>liabilities<div style="display:inline-block;width:1.36px"> </div>of foreign<div style="display:inline-block;width:1.06px"> </div>operations<div style="display:inline-block;width:2.34px"> </div>are translated<div style="display:inline-block;width:1.03px"> </div>into<div style="display:inline-block;width:2.04px"> </div>US dollars,<div style="display:inline-block;width:1.68px"> </div>UBS<div style="display:inline-block;width:2.24px"> </div>AG’s presentation<div style="display:inline-block;width:0.88px"> </div>currency, </div><div id="a146251" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:145.1px;">at the closing exchange rate on the balance sheet date, and income and expense items and other comprehensive income </div><div id="a146252" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.7px;">are translated at<div style="display:inline-block;width:5.71px"> </div>the average<div style="display:inline-block;width:5.26px"> </div>rate for the<div style="display:inline-block;width:5.52px"> </div>period. The resulting<div style="display:inline-block;width:5.03px"> </div>foreign currency translation differences are<div style="display:inline-block;width:5.08px"> </div>recognized in </div><div id="a146254" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:175.6px;">Equity</div><div id="a146255" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:38.986px;top:175.8px;"><div style="display:inline-block;width:4.26px"> </div>and reclassified to the income<div style="display:inline-block;width:2px"> </div>statement when UBS AG disposes<div style="display:inline-block;width:2.09px"> </div>of, partially or in its entirety, the<div style="display:inline-block;width:2.09px"> </div>foreign operation </div><div id="a146257" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:191.5px;">and UBS AG no longer controls<div style="display:inline-block;width:1.45px"> </div>the foreign operation. </div><div id="a146263" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:214.2px;">Share<div style="display:inline-block;width:3.39px"> </div>capital issued,<div style="display:inline-block;width:2.14px"> </div>share premium and treasury<div style="display:inline-block;width:1.53px"> </div>shares held are translated<div style="display:inline-block;width:1.45px"> </div>at the historic average<div style="display:inline-block;width:2.31px"> </div>rate, with the<div style="display:inline-block;width:2.09px"> </div>difference </div><div id="a146272" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:229.3px;">between the historic average<div style="display:inline-block;width:2.25px"> </div>rate and the<div style="display:inline-block;width:2.34px"> </div>spot rate realized upon<div style="display:inline-block;width:1.94px"> </div>repayment of share<div style="display:inline-block;width:2px"> </div>capital or disposal of treasury<div style="display:inline-block;width:1.55px"> </div>shares </div><div id="a146280" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:244.4px;">reported as </div><div id="a146281" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:70.198px;top:244.2px;">Share premium.</div><div id="a146282" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:158.218px;top:244.4px;"><div style="display:inline-block;width:2.84px"> </div>Cumulative<div style="display:inline-block;width:2.2px"> </div>amounts<div style="display:inline-block;width:2.24px"> </div>recognized in </div><div id="a146285" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:356.018px;top:244.2px;">Other<div style="display:inline-block;width:2.16px"> </div>comprehensive<div style="display:inline-block;width:1.93px"> </div>income</div><div id="a146286" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:517.845px;top:244.4px;"><div style="display:inline-block;width:3.32px"> </div>in respect<div style="display:inline-block;width:1.13px"> </div>of cash<div style="display:inline-block;width:1.62px"> </div>flow hedges </div><div id="a146288" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:260.1px;">and financial assets measured<div style="display:inline-block;width:2.25px"> </div>at FVOCI are translated<div style="display:inline-block;width:1.87px"> </div>at the closing exchange rate as<div style="display:inline-block;width:1.62px"> </div>of the balance sheet dates, with<div style="display:inline-block;width:2.14px"> </div>any </div><div id="a146300" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:275.2px;">translation effects<div style="display:inline-block;width:2.08px"> </div>adjusted through </div><div id="a146301" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:206.485px;top:275px;">Retained earnings</div><div id="a146302" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:305.858px;top:275.2px;">.</div></div> <div id="TextBlockContainer1077" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:52px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a146313" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">11)<div style="display:inline-block;width:4.07px"> </div>Contracts on UBS Group AG shares </div><div id="a146321" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23.1px;">Contracts involving UBS Group<div style="display:inline-block;width:5.62px"> </div>AG shares that require net<div style="display:inline-block;width:5.52px"> </div>cash settlement, or provide<div style="display:inline-block;width:5.39px"> </div>the counterparty or<div style="display:inline-block;width:4.41px"> </div>UBS AG with </div><div id="a146330" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.2px;">a settlement option that includes a<div style="display:inline-block;width:5.1px"> </div>choice of settling net in cash, are<div style="display:inline-block;width:5.15px"> </div>classified as derivatives held<div style="display:inline-block;width:5.05px"> </div>for trading.</div></div> <div id="TextBlockContainer1080" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:457px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a146378" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">b) Changes in accounting policies, comparability<div style="display:inline-block;width:6.12px"> </div>and other adjustments</div></div><div id="TextBlockContainer1082" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:487px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a146381" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Changes to the presentation<div style="display:inline-block;width:5.06px"> </div>of the financial statements </div><div id="a146383" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">During 2022, UBS AG<div style="display:inline-block;width:1.72px"> </div>made several<div style="display:inline-block;width:2.11px"> </div>changes to simplify<div style="display:inline-block;width:2.03px"> </div>the presentation of<div style="display:inline-block;width:2.26px"> </div>the income statement<div style="display:inline-block;width:1.73px"> </div>alongside other primary </div><div id="a146386" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.7px;">financial statements and disclosure notes, and to<div style="display:inline-block;width:2.17px"> </div>align them with management information. In<div style="display:inline-block;width:2.16px"> </div>particular, </div><div id="a146388" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:599.218px;top:30.5px;">Total operating </div><div id="a146389" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:45.6px;">income</div><div id="a146390" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:46.08px;top:45.9px;"><div style="display:inline-block;width:3.31px"> </div>has been renamed </div><div id="a146392" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:157.272px;top:45.6px;">Total revenues</div><div id="a146393" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:239.618px;top:45.9px;"><div style="display:inline-block;width:3.32px"> </div>and excludes </div><div id="a146395" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:319.098px;top:45.6px;">Credit loss expense / (release)</div><div id="a146396" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:483.765px;top:45.9px;">, which is now separately presented </div><div id="a146397" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61px;">below </div><div id="a146398" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:43.716px;top:60.8px;">Total revenues</div><div id="a146399" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:125.565px;top:61px;">. </div><div id="a146401" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:84.2px;">Reclassification of a portfolio from </div><div id="a146407" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:203.178px;top:84px;">Financial assets measured at fair value<div style="display:inline-block;width:5.42px"> </div>through other comprehensive income</div><div id="a146409" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:636.618px;top:84.2px;"><div style="display:inline-block;width:3.77px"> </div>to </div><div id="a146411" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:99.1px;">Other financial assets measured at amortized<div style="display:inline-block;width:5.35px"> </div>cost </div><div id="a146413" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:114.5px;">Effective from 1 April<div style="display:inline-block;width:5.02px"> </div>2022, UBS<div style="display:inline-block;width:5.22px"> </div>AG has reclassified a portfolio of financial<div style="display:inline-block;width:5.3px"> </div>assets from </div><div id="a146418" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:502.712px;top:114.2px;">Financial assets measured at<div style="display:inline-block;width:5.19px"> </div>fair </div><div id="a146419" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:129.8px;">value<div style="display:inline-block;width:6.04px"> </div>through<div style="display:inline-block;width:6.85px"> </div>other<div style="display:inline-block;width:6.25px"> </div>comprehensive<div style="display:inline-block;width:6.28px"> </div>income</div><div id="a146421" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:261.378px;top:130.1px;"><div style="display:inline-block;width:6.15px"> </div>with<div style="display:inline-block;width:6.2px"> </div>a<div style="display:inline-block;width:6.15px"> </div>fair<div style="display:inline-block;width:5.74px"> </div>value<div style="display:inline-block;width:6.04px"> </div>of<div style="display:inline-block;width:6.2px"> </div>USD </div><div id="a146421_26_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:417.538px;top:130.1px;">6.9</div><div id="a146421_29_22" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:435.981px;top:130.1px;">bn<div style="display:inline-block;width:6.08px"> </div>(the<div style="display:inline-block;width:5.83px"> </div>Portfolio)<div style="display:inline-block;width:6.19px"> </div>to </div><div id="a146425" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:560.445px;top:129.8px;">Other<div style="display:inline-block;width:5.94px"> </div>financial<div style="display:inline-block;width:6.36px"> </div>assets </div><div id="a146426" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:145px;">measured at<div style="display:inline-block;width:5.77px"> </div>amortized cost</div><div id="a146427" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:164.845px;top:145.2px;">, in<div style="display:inline-block;width:5.98px"> </div>line with<div style="display:inline-block;width:5.82px"> </div>the principles<div style="display:inline-block;width:5.34px"> </div>in IFRS<div style="display:inline-block;width:5.77px"> </div>9, </div><div id="a146428" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:381.565px;top:145px;">Financial Instruments</div><div id="a146429" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:501.298px;top:145.2px;">, which<div style="display:inline-block;width:6.09px"> </div>require<div style="display:inline-block;width:5.2px"> </div>a reclassification </div><div id="a146430" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.4px;">when an entity changes its business<div style="display:inline-block;width:5.5px"> </div>model for<div style="display:inline-block;width:4.09px"> </div>managing financial assets. </div><div id="a146433" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183.6px;">The Portfolio’s cumulative fair value losses of USD </div><div id="a146433_52_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:290.725px;top:183.6px;">449</div><div id="a146433_55_18" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:312.952px;top:183.6px;">m pre-tax and USD </div><div id="a146433_73_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:424.152px;top:183.6px;">333</div><div id="a146433_76_37" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:446.378px;top:183.6px;">m post-tax, previously recognized in </div><div id="a146442" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:653.165px;top:183.3px;">Other </div><div id="a146443" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:198.4px;">comprehensive<div style="display:inline-block;width:8.08px"> </div>income</div><div id="a146444" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:139.312px;top:198.7px;">,<div style="display:inline-block;width:8.14px"> </div>have<div style="display:inline-block;width:8.04px"> </div>been<div style="display:inline-block;width:8.44px"> </div>removed<div style="display:inline-block;width:8.17px"> </div>from<div style="display:inline-block;width:8.02px"> </div>equity<div style="display:inline-block;width:8.46px"> </div>and<div style="display:inline-block;width:8.44px"> </div>adjusted<div style="display:inline-block;width:8.44px"> </div>against<div style="display:inline-block;width:8.24px"> </div>the<div style="display:inline-block;width:8.09px"> </div>value<div style="display:inline-block;width:7.94px"> </div>of<div style="display:inline-block;width:8.09px"> </div>the<div style="display:inline-block;width:8.09px"> </div>assets<div style="display:inline-block;width:8.03px"> </div>on<div style="display:inline-block;width:8.44px"> </div>the </div><div id="a146445" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:213.8px;">reclassification date, so<div style="display:inline-block;width:5.27px"> </div>that the Portfolio is<div style="display:inline-block;width:5.34px"> </div>measured as if the<div style="display:inline-block;width:5.27px"> </div>assets had always been<div style="display:inline-block;width:5.69px"> </div>classified at amortized cost,<div style="display:inline-block;width:5.1px"> </div>with </div><div id="a146447" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:229.4px;">a value of USD </div><div id="a146447_15_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:92.458px;top:229.4px;">7.4</div><div id="a146447_18_84" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:111.374px;top:229.4px;">bn as on 1 April 2022. The reclassification had<div style="display:inline-block;width:5.26px"> </div>no effect on the income statement.<div style="display:inline-block;width:5.15px"> </div></div><div id="a146453" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:252.2px;">The reclassified Portfolio is made<div style="display:inline-block;width:3.21px"> </div>up of high-quality liquid assets, primarily US government treasuries and US government </div><div id="a146457" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:267.3px;">agency mortgage-backed securities, held<div style="display:inline-block;width:5.28px"> </div>and separately managed by<div style="display:inline-block;width:5.06px"> </div>UBS Bank USA (BUSA). </div><div id="a146461" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:290px;">The accounting reclassification has<div style="display:inline-block;width:1.99px"> </div>arisen as<div style="display:inline-block;width:2.04px"> </div>a direct result<div style="display:inline-block;width:2.01px"> </div>of the transformation of<div style="display:inline-block;width:1.96px"> </div>UBS AG’s Global<div style="display:inline-block;width:1.87px"> </div>Wealth Management </div><div id="a146466" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:305.2px;">Americas<div style="display:inline-block;width:5.26px"> </div>business,<div style="display:inline-block;width:5.96px"> </div>which<div style="display:inline-block;width:5.4px"> </div>has<div style="display:inline-block;width:5.45px"> </div>significantly<div style="display:inline-block;width:5.68px"> </div>impacted<div style="display:inline-block;width:5.94px"> </div>BUSA.<div style="display:inline-block;width:5.82px"> </div>This<div style="display:inline-block;width:5.35px"> </div>includes<div style="display:inline-block;width:5.45px"> </div>initiatives<div style="display:inline-block;width:5.95px"> </div>approved<div style="display:inline-block;width:5.89px"> </div>by<div style="display:inline-block;width:5.2px"> </div>the<div style="display:inline-block;width:5.25px"> </div>Group<div style="display:inline-block;width:5.79px"> </div>Executive </div><div id="a146467" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:320.8px;">Board to significantly grow<div style="display:inline-block;width:5.43px"> </div>and extend the business,<div style="display:inline-block;width:5.35px"> </div>as disclosed on<div style="display:inline-block;width:5.21px"> </div>1 February 2022 during<div style="display:inline-block;width:5.6px"> </div>UBS’s fourth quarter 2021 </div><div id="a146471" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:335.9px;">earnings presentation.<div style="display:inline-block;width:6.2px"> </div>Over the two<div style="display:inline-block;width:6.1px"> </div>years preceding<div style="display:inline-block;width:5.59px"> </div>the reclassification<div style="display:inline-block;width:5.76px"> </div>date,<div style="display:inline-block;width:4.57px"> </div>BUSA’s deposit<div style="display:inline-block;width:5.89px"> </div>base grew<div style="display:inline-block;width:5.37px"> </div>by more than </div><div id="a146477" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:351.5px;">100% generating substantial cash<div style="display:inline-block;width:1.56px"> </div>balances, with a number<div style="display:inline-block;width:1.86px"> </div>of new products being<div style="display:inline-block;width:2.23px"> </div>launched, including new deposit<div style="display:inline-block;width:2.12px"> </div>types </div><div id="a146478" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:366.6px;">that are longer in duration,<div style="display:inline-block;width:5.13px"> </div>additional lending and a broader<div style="display:inline-block;width:5.14px"> </div>range of customer segments targeted. </div><div id="a146481" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:389.4px;">Following the commencement of these activities<div style="display:inline-block;width:5.4px"> </div>and the announcement<div style="display:inline-block;width:5.15px"> </div>made in the first quarter of 2022,<div style="display:inline-block;width:5.47px"> </div>the Portfolio </div><div id="a146482" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:404.5px;">is no longer held in a business model to collect the contractual cash flows and sell the assets, but is instead solely held to </div><div id="a146484" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:420.1px;">collect the contractual<div style="display:inline-block;width:5.95px"> </div>cash flows<div style="display:inline-block;width:5.45px"> </div>until the assets<div style="display:inline-block;width:5.97px"> </div>mature, requiring<div style="display:inline-block;width:5.45px"> </div>a reclassification<div style="display:inline-block;width:5.71px"> </div>of the Portfolio<div style="display:inline-block;width:5.45px"> </div>in line<div style="display:inline-block;width:5.4px"> </div>with IFRS<div style="display:inline-block;width:5.25px"> </div>9 </div><div id="a146486" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:435.2px;">with effect from 1 April 2022. </div><div id="a146490" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:458.4px;">The fair<div style="display:inline-block;width:5.57px"> </div>value of<div style="display:inline-block;width:5.76px"> </div>the Portfolio<div style="display:inline-block;width:5.77px"> </div>as on<div style="display:inline-block;width:6.33px"> </div>31 December 2022<div style="display:inline-block;width:6.06px"> </div>was USD </div><div id="a146490_63_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:385.818px;top:458.4px;">5.8</div><div id="a146490_66_37" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:404.735px;top:458.4px;">bn. A<div style="display:inline-block;width:5.5px"> </div>pre-tax fair<div style="display:inline-block;width:5.21px"> </div>value<div style="display:inline-block;width:5.1px"> </div>loss of<div style="display:inline-block;width:6.02px"> </div>USD </div><div id="a146490_103_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:612.498px;top:458.4px;">981</div><div id="a146490_106_8" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:635.192px;top:458.4px;">m would </div><div id="a146507" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:473.6px;">have been recognized in </div><div id="a146508" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:147.338px;top:473.3px;">Other comprehensive income</div><div id="a146509" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:313.432px;top:473.6px;"><div style="display:inline-block;width:3.79px"> </div>during 2022<div style="display:inline-block;width:5.25px"> </div>if the Portfolio had not been<div style="display:inline-block;width:5.09px"> </div>reclassified.</div></div> 6900000000 449000000 333000000 7400000000 5800000000 981000000 <div id="TextBlockContainer1084" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:121px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a146521" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Accounting for obligations to<div style="display:inline-block;width:5.14px"> </div>safeguard crypto-assets an entity holds<div style="display:inline-block;width:5.3px"> </div>for platform users (SAB 121) </div><div id="a146525" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.2px;">In<div style="display:inline-block;width:6.72px"> </div>March<div style="display:inline-block;width:6.76px"> </div>2022,<div style="display:inline-block;width:7.06px"> </div>the<div style="display:inline-block;width:6.67px"> </div>US<div style="display:inline-block;width:6.3px"> </div>Security<div style="display:inline-block;width:6.01px"> </div>and<div style="display:inline-block;width:7.03px"> </div>Exchange<div style="display:inline-block;width:6.82px"> </div>Commission<div style="display:inline-block;width:6.96px"> </div>(the<div style="display:inline-block;width:6.77px"> </div>SEC)<div style="display:inline-block;width:6.88px"> </div>issued<div style="display:inline-block;width:7.27px"> </div>Staff<div style="display:inline-block;width:5.93px"> </div>Accounting<div style="display:inline-block;width:7.12px"> </div>Bulletin<div style="display:inline-block;width:6.76px"> </div>(SAB)<div style="display:inline-block;width:6.71px"> </div>121, </div><div id="a146527" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.3px;">“Accounting<div style="display:inline-block;width:5.43px"> </div>for obligations<div style="display:inline-block;width:6.27px"> </div>to safeguard<div style="display:inline-block;width:6.42px"> </div>crypto-assets an<div style="display:inline-block;width:5.68px"> </div>entity holds<div style="display:inline-block;width:6.39px"> </div>for platform<div style="display:inline-block;width:6.31px"> </div>users.”<div style="display:inline-block;width:5.18px"> </div>SAB<div style="display:inline-block;width:5.08px"> </div>121 adds<div style="display:inline-block;width:5.89px"> </div>interpretive </div><div id="a146530" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">guidance requiring SEC<div style="display:inline-block;width:2.34px"> </div>registrants, including foreign<div style="display:inline-block;width:2.21px"> </div>private issuers<div style="display:inline-block;width:1.68px"> </div>that apply IFRS,<div style="display:inline-block;width:1.62px"> </div>to recognize a<div style="display:inline-block;width:2.17px"> </div>liability on<div style="display:inline-block;width:2.2px"> </div>their balance </div><div id="a146532" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61px;">sheets<div style="display:inline-block;width:5.35px"> </div>to<div style="display:inline-block;width:5.25px"> </div>reflect<div style="display:inline-block;width:5.15px"> </div>the<div style="display:inline-block;width:5.25px"> </div>obligation<div style="display:inline-block;width:5.75px"> </div>to<div style="display:inline-block;width:5.25px"> </div>safeguard<div style="display:inline-block;width:5.79px"> </div>any<div style="display:inline-block;width:5.2px"> </div>digital<div style="display:inline-block;width:5.14px"> </div>asset<div style="display:inline-block;width:5.15px"> </div>that<div style="display:inline-block;width:5.57px"> </div>is<div style="display:inline-block;width:5.15px"> </div>issued<div style="display:inline-block;width:5.6px"> </div>or<div style="display:inline-block;width:5.25px"> </div>transferred<div style="display:inline-block;width:5.6px"> </div>using<div style="display:inline-block;width:5.75px"> </div>distributed<div style="display:inline-block;width:5.39px"> </div>ledger<div style="display:inline-block;width:5.35px"> </div>or </div><div id="a146533" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.7px;">blockchain technology and<div style="display:inline-block;width:5.51px"> </div>held for their platform users, along<div style="display:inline-block;width:5.68px"> </div>with a corresponding asset. The<div style="display:inline-block;width:5.12px"> </div>guidance is effective for </div><div id="a146539" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:91.8px;">UBS AG<div style="display:inline-block;width:5.27px"> </div>for annual reporting<div style="display:inline-block;width:5.89px"> </div>from 2022 onwards.<div style="display:inline-block;width:5.76px"> </div>Amounts that would<div style="display:inline-block;width:5.47px"> </div>be recognized as<div style="display:inline-block;width:5.58px"> </div>liabilities, with corresponding </div><div id="a146546" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.4px;">assets, under this guidance<div style="display:inline-block;width:5.17px"> </div>are not material to UBS AG.</div></div> <div id="TextBlockContainer1086" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:128px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a146567" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">IFRS 17,</div><div id="a146570" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:50.336px;top:-0.3px;"><div style="display:inline-block;width:3.78px"> </div>Insurance Contracts </div><div id="a146573" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">In May 2017,<div style="display:inline-block;width:5.8px"> </div>the IASB issued<div style="display:inline-block;width:5.16px"> </div>IFRS 17, </div><div id="a146576" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:226.352px;top:14.9px;">Insurance Contracts</div><div id="a146577" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:338.018px;top:15.1px;">, which<div style="display:inline-block;width:5.14px"> </div>sets out<div style="display:inline-block;width:5.03px"> </div>the accounting requirements<div style="display:inline-block;width:5.89px"> </div>for contractual </div><div id="a146580" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.3px;">rights and obligations that arise from insurance contracts issued<div style="display:inline-block;width:5.16px"> </div>and reinsurance contracts held. IFRS 17 is effective from </div><div id="a146584" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">1 January 2023.<div style="display:inline-block;width:6.45px"> </div>Adoption on<div style="display:inline-block;width:5.67px"> </div>1 January<div style="display:inline-block;width:5.02px"> </div>2023<div style="display:inline-block;width:5.07px"> </div>will have<div style="display:inline-block;width:5.63px"> </div>no effect<div style="display:inline-block;width:5.33px"> </div>on<div style="display:inline-block;width:5.13px"> </div>UBS<div style="display:inline-block;width:5.08px"> </div>AG’s financial<div style="display:inline-block;width:5.24px"> </div>statements.<div style="display:inline-block;width:5.12px"> </div>UBS<div style="display:inline-block;width:5.12px"> </div>AG does<div style="display:inline-block;width:5.84px"> </div>not </div><div id="a146597" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61px;">provide insurance services in any<div style="display:inline-block;width:5.26px"> </div>market. </div><div id="a146599" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:84.2px;">Other amendments to IFRS </div><div id="a146603" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.3px;">The IASB<div style="display:inline-block;width:6.23px"> </div>has issued<div style="display:inline-block;width:6.43px"> </div>a number<div style="display:inline-block;width:5.61px"> </div>of minor<div style="display:inline-block;width:5.82px"> </div>amendments to<div style="display:inline-block;width:6.02px"> </div>IFRS,<div style="display:inline-block;width:5.2px"> </div>effective from<div style="display:inline-block;width:6.45px"> </div>1 January<div style="display:inline-block;width:5.21px"> </div>2023<div style="display:inline-block;width:5.54px"> </div>and<div style="display:inline-block;width:5.13px"> </div>in later<div style="display:inline-block;width:5.47px"> </div>years. These </div><div id="a146606" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:114.5px;">amendments are not expected to<div style="display:inline-block;width:5.1px"> </div>have a significant effect on<div style="display:inline-block;width:5.43px"> </div>UBS AG when they are adopted.</div></div> <div id="TextBlockContainer1088" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:189px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a146642" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 2a<div style="display:inline-block;width:8.21px"> </div>Segment reporting</div></div><div id="TextBlockContainer1090" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:673px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a146647" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">UBS<div style="display:inline-block;width:6.98px"> </div>AG’s<div style="display:inline-block;width:6.82px"> </div>businesses<div style="display:inline-block;width:7.32px"> </div>are<div style="display:inline-block;width:6.71px"> </div>organized<div style="display:inline-block;width:6.97px"> </div>globally<div style="display:inline-block;width:7.19px"> </div>into<div style="display:inline-block;width:6.77px"> </div>four<div style="display:inline-block;width:6.72px"> </div>business<div style="display:inline-block;width:7.27px"> </div>divisions:<div style="display:inline-block;width:7.39px"> </div>Global<div style="display:inline-block;width:7.19px"> </div>Wealth<div style="display:inline-block;width:6.6px"> </div>Management,<div style="display:inline-block;width:7.55px"> </div>Personal<div style="display:inline-block;width:6.82px"> </div>&amp; </div><div id="a146648" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">Corporate<div style="display:inline-block;width:5.5px"> </div>Banking,<div style="display:inline-block;width:5.54px"> </div>Asset<div style="display:inline-block;width:5.3px"> </div>Management<div style="display:inline-block;width:5.08px"> </div>and<div style="display:inline-block;width:5.13px"> </div>the<div style="display:inline-block;width:5.25px"> </div>Investment Bank.<div style="display:inline-block;width:6.45px"> </div>All<div style="display:inline-block;width:5.15px"> </div>four business<div style="display:inline-block;width:6.53px"> </div>divisions<div style="display:inline-block;width:5.39px"> </div>are<div style="display:inline-block;width:5.29px"> </div>supported by<div style="display:inline-block;width:6.53px"> </div>Group </div><div id="a146649" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">Functions and qualify as reportable segments for the purpose of<div style="display:inline-block;width:5.09px"> </div>segment reporting. Together<div style="display:inline-block;width:5.55px"> </div>with Group Functions, the </div><div id="a146651" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.4px;">four business divisions<div style="display:inline-block;width:5.02px"> </div>reflect the management structure<div style="display:inline-block;width:5.06px"> </div>of UBS AG. </div><div id="a146655" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:62px;">–</div><div id="a146656" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:61.8px;"> </div><div id="a146657" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:20.038px;top:61.7px;">Global Wealth<div style="display:inline-block;width:5.32px"> </div>Management</div><div id="a146658" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:197.978px;top:62px;"><div style="display:inline-block;width:4.25px"> </div>provides<div style="display:inline-block;width:5.16px"> </div>financial services,<div style="display:inline-block;width:5.53px"> </div>advice and<div style="display:inline-block;width:5.4px"> </div>solutions to<div style="display:inline-block;width:5.43px"> </div>private wealth<div style="display:inline-block;width:6.11px"> </div>clients. Its<div style="display:inline-block;width:5.4px"> </div>offering </div><div id="a146665" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:77.1px;">ranges from<div style="display:inline-block;width:5.12px"> </div>investment management<div style="display:inline-block;width:5.14px"> </div>to estate planning<div style="display:inline-block;width:6px"> </div>and corporate finance<div style="display:inline-block;width:5.23px"> </div>advice, in<div style="display:inline-block;width:5.2px"> </div>addition to<div style="display:inline-block;width:5.33px"> </div>specific wealth </div><div id="a146666" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:92.3px;">management and banking<div style="display:inline-block;width:5.35px"> </div>products and services.<div style="display:inline-block;width:4.15px"> </div></div><div id="a146671" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:107.9px;">–</div><div id="a146672" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:107.7px;"> </div><div id="a146673" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:20.038px;top:107.6px;">Personal<div style="display:inline-block;width:7.08px"> </div>&amp;<div style="display:inline-block;width:6.52px"> </div>Corporate<div style="display:inline-block;width:6.98px"> </div>Banking</div><div id="a146674" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:216.898px;top:107.9px;"><div style="display:inline-block;width:6.61px"> </div>serves<div style="display:inline-block;width:6.36px"> </div>its<div style="display:inline-block;width:6.41px"> </div>private,<div style="display:inline-block;width:6.79px"> </div>corporate,<div style="display:inline-block;width:7.14px"> </div>and<div style="display:inline-block;width:7.15px"> </div>institutional<div style="display:inline-block;width:6.6px"> </div>clients’<div style="display:inline-block;width:6.95px"> </div>needs,<div style="display:inline-block;width:7.21px"> </div>from<div style="display:inline-block;width:6.64px"> </div>banking<div style="display:inline-block;width:7.33px"> </div>to </div><div id="a146683" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:123px;">retirement, financing,<div style="display:inline-block;width:5.66px"> </div>investments and<div style="display:inline-block;width:5.49px"> </div>strategic transactions<div style="display:inline-block;width:1.98px"> </div>,<div style="display:inline-block;width:4.36px"> </div>in Switzerland,<div style="display:inline-block;width:5.36px"> </div>through its<div style="display:inline-block;width:5.1px"> </div>branch network<div style="display:inline-block;width:5.29px"> </div>and digital </div><div id="a146694" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:138.6px;">channels. </div><div id="a146697" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:154.2px;">–</div><div id="a146698" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:154.1px;"> </div><div id="a146699" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:20.038px;top:153.9px;">Asset Management</div><div id="a146700" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:141.672px;top:154.2px;"><div style="display:inline-block;width:3.79px"> </div>is a global,<div style="display:inline-block;width:4.46px"> </div>large-scale and diversified<div style="display:inline-block;width:5.49px"> </div>asset manager. It<div style="display:inline-block;width:5.1px"> </div>offers investment<div style="display:inline-block;width:5.15px"> </div>capabilities and styles </div><div id="a146709" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:169.4px;">across<div style="display:inline-block;width:7.28px"> </div>all<div style="display:inline-block;width:6.88px"> </div>major<div style="display:inline-block;width:7.36px"> </div>traditional<div style="display:inline-block;width:7.4px"> </div>and<div style="display:inline-block;width:7.5px"> </div>alternative<div style="display:inline-block;width:7.13px"> </div>asset<div style="display:inline-block;width:7.51px"> </div>classes,<div style="display:inline-block;width:7.51px"> </div>as<div style="display:inline-block;width:7.14px"> </div>well<div style="display:inline-block;width:6.99px"> </div>as<div style="display:inline-block;width:7.62px"> </div>advisory<div style="display:inline-block;width:7.36px"> </div>support<div style="display:inline-block;width:7.65px"> </div>to<div style="display:inline-block;width:7.14px"> </div>institutions,<div style="display:inline-block;width:7.33px"> </div>wholesale </div><div id="a146710" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:184.5px;">intermediaries and wealth management<div style="display:inline-block;width:5.17px"> </div>clients.<div style="display:inline-block;width:4.23px"> </div></div><div id="a146713" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:200.1px;">–</div><div id="a146714" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:200px;"> </div><div id="a146715" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:200.1px;">The </div><div id="a146716" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:44.188px;top:199.8px;">Investment Bank</div><div id="a146717" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:149.232px;top:200.1px;"><div style="display:inline-block;width:2.84px"> </div>provides a range of services<div style="display:inline-block;width:1.54px"> </div>to institutional, corporate and wealth management clients globally, </div><div id="a146720" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:215.3px;">to<div style="display:inline-block;width:5.72px"> </div>help<div style="display:inline-block;width:5.98px"> </div>them<div style="display:inline-block;width:5.57px"> </div>raise<div style="display:inline-block;width:5.47px"> </div>capital,<div style="display:inline-block;width:5.42px"> </div>grow<div style="display:inline-block;width:5.8px"> </div>their<div style="display:inline-block;width:5.47px"> </div>businesses,<div style="display:inline-block;width:6px"> </div>invest<div style="display:inline-block;width:5.47px"> </div>and<div style="display:inline-block;width:5.61px"> </div>manage<div style="display:inline-block;width:5.45px"> </div>risks.<div style="display:inline-block;width:5.9px"> </div>Its<div style="display:inline-block;width:5.47px"> </div>offering<div style="display:inline-block;width:5.48px"> </div>includes<div style="display:inline-block;width:6px"> </div>research,<div style="display:inline-block;width:5.55px"> </div>advisory </div><div id="a146726" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:230.4px;">services, facilitating clients raising<div style="display:inline-block;width:5.58px"> </div>debt and equity from the public<div style="display:inline-block;width:5.6px"> </div>and private markets<div style="display:inline-block;width:5.31px"> </div>and capital markets,<div style="display:inline-block;width:5.14px"> </div>cash and </div><div id="a146732" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:246px;">derivatives trading across equities and<div style="display:inline-block;width:5.35px"> </div>fixed income,<div style="display:inline-block;width:3.87px"> </div>and financing.<div style="display:inline-block;width:4.7px"> </div></div><div id="a146738" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:261.6px;">–</div><div id="a146739" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:261.5px;"> </div><div id="a146740" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:20.038px;top:261.3px;">Group<div style="display:inline-block;width:6.18px"> </div>Functions</div><div id="a146741" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:124.618px;top:261.6px;"><div style="display:inline-block;width:6.17px"> </div>is<div style="display:inline-block;width:6.09px"> </div>made<div style="display:inline-block;width:6.2px"> </div>up<div style="display:inline-block;width:6.08px"> </div>of<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:6.2px"> </div>following<div style="display:inline-block;width:6.12px"> </div>major<div style="display:inline-block;width:5.94px"> </div>areas:<div style="display:inline-block;width:6.39px"> </div>Group<div style="display:inline-block;width:5.79px"> </div>Services<div style="display:inline-block;width:5.72px"> </div>(which<div style="display:inline-block;width:6.93px"> </div>consists<div style="display:inline-block;width:6.24px"> </div>of<div style="display:inline-block;width:6.26px"> </div>Chief<div style="display:inline-block;width:6.25px"> </div>Digital<div style="display:inline-block;width:5.56px"> </div>and </div><div id="a146747" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:276.8px;">Information<div style="display:inline-block;width:6.61px"> </div>Office,<div style="display:inline-block;width:6.25px"> </div>Communications<div style="display:inline-block;width:6.96px"> </div>&amp;<div style="display:inline-block;width:6.46px"> </div>Branding,<div style="display:inline-block;width:7.01px"> </div>Compliance,<div style="display:inline-block;width:6.45px"> </div>Finance,<div style="display:inline-block;width:6.15px"> </div>Group<div style="display:inline-block;width:6.74px"> </div>Sustainability<div style="display:inline-block;width:5.88px"> </div>and<div style="display:inline-block;width:6.55px"> </div>Impact,<div style="display:inline-block;width:6.31px"> </div>Human </div><div id="a146750" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:291.9px;">Resources,<div style="display:inline-block;width:6.84px"> </div>Group<div style="display:inline-block;width:6.26px"> </div>Legal,<div style="display:inline-block;width:6.15px"> </div>Regulatory<div style="display:inline-block;width:6.34px"> </div>&amp;<div style="display:inline-block;width:6.3px"> </div>Governance,<div style="display:inline-block;width:6.62px"> </div>and<div style="display:inline-block;width:6.55px"> </div>Risk<div style="display:inline-block;width:5.82px"> </div>Control),<div style="display:inline-block;width:6.54px"> </div>Group<div style="display:inline-block;width:6.74px"> </div>Treasury<div style="display:inline-block;width:5.51px"> </div>and<div style="display:inline-block;width:6.55px"> </div>Non-core<div style="display:inline-block;width:6.67px"> </div>and<div style="display:inline-block;width:6.08px"> </div>Legacy </div><div id="a146760" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:307.5px;">Portfolio.<div style="display:inline-block;width:4.33px"> </div></div><div id="a146763" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:330.2px;">Financial<div style="display:inline-block;width:7.73px"> </div>information<div style="display:inline-block;width:8.03px"> </div>about<div style="display:inline-block;width:8.02px"> </div>the<div style="display:inline-block;width:8.09px"> </div>four<div style="display:inline-block;width:7.66px"> </div>business<div style="display:inline-block;width:8.22px"> </div>divisions<div style="display:inline-block;width:7.76px"> </div>and<div style="display:inline-block;width:7.97px"> </div>Group<div style="display:inline-block;width:8.41px"> </div>Functions<div style="display:inline-block;width:7.76px"> </div>is<div style="display:inline-block;width:7.98px"> </div>presented<div style="display:inline-block;width:8.15px"> </div>separately<div style="display:inline-block;width:7.68px"> </div>in<div style="display:inline-block;width:8.14px"> </div>internal </div><div id="a146765" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:345.4px;">management<div style="display:inline-block;width:5.82px"> </div>reports<div style="display:inline-block;width:5.91px"> </div>to<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>Executive<div style="display:inline-block;width:5.49px"> </div>Board,<div style="display:inline-block;width:6.47px"> </div>which<div style="display:inline-block;width:5.88px"> </div>is<div style="display:inline-block;width:5.62px"> </div>considered<div style="display:inline-block;width:5.84px"> </div>the<div style="display:inline-block;width:5.25px"> </div>“chief<div style="display:inline-block;width:5.62px"> </div>operating<div style="display:inline-block;width:6.07px"> </div>decision<div style="display:inline-block;width:5.92px"> </div>maker”<div style="display:inline-block;width:5.57px"> </div>pursuant<div style="display:inline-block;width:6.23px"> </div>to </div><div id="a146766" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:361px;">IFRS 8, </div><div id="a146769" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:46.553px;top:360.7px;">Operating Segments</div><div id="a146770" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:162.472px;top:361px;">. </div><div id="a146772" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:383.7px;">UBS<div style="display:inline-block;width:5.56px"> </div>AG’s<div style="display:inline-block;width:5.4px"> </div>internal<div style="display:inline-block;width:5.32px"> </div>accounting<div style="display:inline-block;width:6.02px"> </div>policies,<div style="display:inline-block;width:5.24px"> </div>which<div style="display:inline-block;width:5.88px"> </div>include<div style="display:inline-block;width:5.4px"> </div>management<div style="display:inline-block;width:5.82px"> </div>accounting<div style="display:inline-block;width:6.27px"> </div>policies<div style="display:inline-block;width:5.14px"> </div>and<div style="display:inline-block;width:5.61px"> </div>service<div style="display:inline-block;width:5.53px"> </div>level<div style="display:inline-block;width:5.26px"> </div>agreements, </div><div id="a146774" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:398.8px;">determine<div style="display:inline-block;width:6.93px"> </div>the<div style="display:inline-block;width:6.67px"> </div>revenues<div style="display:inline-block;width:7.43px"> </div>and<div style="display:inline-block;width:7.03px"> </div>expenses<div style="display:inline-block;width:6.92px"> </div>directly<div style="display:inline-block;width:7.09px"> </div>attributable<div style="display:inline-block;width:7.35px"> </div>to<div style="display:inline-block;width:6.67px"> </div>each<div style="display:inline-block;width:7.09px"> </div>reportable<div style="display:inline-block;width:6.9px"> </div>segment.<div style="display:inline-block;width:7.34px"> </div>Transactions<div style="display:inline-block;width:6.98px"> </div>between<div style="display:inline-block;width:7.45px"> </div>the </div><div id="a146775" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:414px;">reportable segments are carried out<div style="display:inline-block;width:5.08px"> </div>at internally agreed rates and are reflected in<div style="display:inline-block;width:5.14px"> </div>the operating results of<div style="display:inline-block;width:5.07px"> </div>the reportable </div><div id="a146777" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:429.6px;">segments.<div style="display:inline-block;width:6.45px"> </div>Revenue-sharing<div style="display:inline-block;width:6.86px"> </div>agreements<div style="display:inline-block;width:6.38px"> </div>are<div style="display:inline-block;width:6.23px"> </div>used<div style="display:inline-block;width:6.13px"> </div>to<div style="display:inline-block;width:5.72px"> </div>allocate<div style="display:inline-block;width:5.79px"> </div>external<div style="display:inline-block;width:5.97px"> </div>client<div style="display:inline-block;width:6.26px"> </div>revenues<div style="display:inline-block;width:6.96px"> </div>to<div style="display:inline-block;width:6.2px"> </div>reportable<div style="display:inline-block;width:5.96px"> </div>segments<div style="display:inline-block;width:6.34px"> </div>where </div><div id="a146780" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:444.7px;">several<div style="display:inline-block;width:6.21px"> </div>reportable<div style="display:inline-block;width:6.43px"> </div>segments<div style="display:inline-block;width:6.82px"> </div>are<div style="display:inline-block;width:6.23px"> </div>involved<div style="display:inline-block;width:6.61px"> </div>in<div style="display:inline-block;width:6.72px"> </div>the<div style="display:inline-block;width:6.2px"> </div>value<div style="display:inline-block;width:6.52px"> </div>creation<div style="display:inline-block;width:6.65px"> </div>chain.<div style="display:inline-block;width:6.35px"> </div>Total<div style="display:inline-block;width:6.14px"> </div>intersegment<div style="display:inline-block;width:7.03px"> </div>revenues<div style="display:inline-block;width:6.49px"> </div>for<div style="display:inline-block;width:6.52px"> </div>UBS<div style="display:inline-block;width:6.5px"> </div>AG<div style="display:inline-block;width:6.2px"> </div>are </div><div id="a146781" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:460.3px;">immaterial, as the majority of<div style="display:inline-block;width:5.25px"> </div>the revenues are allocated across<div style="display:inline-block;width:5.17px"> </div>the segments by means<div style="display:inline-block;width:5.86px"> </div>of revenue-sharing agreements. </div><div id="a146785" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:475.5px;">Interest income earned<div style="display:inline-block;width:5.77px"> </div>from managing<div style="display:inline-block;width:5.37px"> </div>UBS AG’s<div style="display:inline-block;width:5.39px"> </div>consolidated equity is<div style="display:inline-block;width:5.32px"> </div>allocated to<div style="display:inline-block;width:5.2px"> </div>the reportable<div style="display:inline-block;width:5.16px"> </div>segments based<div style="display:inline-block;width:5.48px"> </div>on </div><div id="a146786" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:490.6px;">average attributed equity and currency composition. Assets and liabilities of the reportable segments are funded through </div><div id="a146788" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:506.2px;">and invested with Group<div style="display:inline-block;width:5.13px"> </div>Functions, and the net interest margin is reflected in<div style="display:inline-block;width:5.05px"> </div>the results of each reportable<div style="display:inline-block;width:5.18px"> </div>segment. </div><div id="a146790" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:528.9px;">Segment<div style="display:inline-block;width:5.3px"> </div>assets<div style="display:inline-block;width:5.2px"> </div>are<div style="display:inline-block;width:5.76px"> </div>based<div style="display:inline-block;width:5.66px"> </div>on<div style="display:inline-block;width:5.61px"> </div>a<div style="display:inline-block;width:5.2px"> </div>third-party<div style="display:inline-block;width:5.57px"> </div>view<div style="display:inline-block;width:5.53px"> </div>and<div style="display:inline-block;width:5.61px"> </div>do<div style="display:inline-block;width:5.61px"> </div>not<div style="display:inline-block;width:5.45px"> </div>include<div style="display:inline-block;width:5.4px"> </div>intercompany<div style="display:inline-block;width:5.75px"> </div>balances.<div style="display:inline-block;width:5.45px"> </div>This<div style="display:inline-block;width:5.35px"> </div>view<div style="display:inline-block;width:5.47px"> </div>is<div style="display:inline-block;width:5.15px"> </div>in<div style="display:inline-block;width:5.3px"> </div>line<div style="display:inline-block;width:5.67px"> </div>with </div><div id="a146794" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:544.1px;">internal reporting to management. If one operating segment is involved in an external transaction together with another </div><div id="a146795" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:559.7px;">operating segment<div style="display:inline-block;width:5.38px"> </div>or Group Functions,<div style="display:inline-block;width:5.88px"> </div>additional criteria are considered<div style="display:inline-block;width:6.44px"> </div>to determine the<div style="display:inline-block;width:5.35px"> </div>segment that will<div style="display:inline-block;width:5.24px"> </div>report the </div><div id="a146797" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:574.8px;">associated<div style="display:inline-block;width:6.19px"> </div>assets.<div style="display:inline-block;width:6.25px"> </div>This<div style="display:inline-block;width:6.29px"> </div>will<div style="display:inline-block;width:5.94px"> </div>include<div style="display:inline-block;width:6.82px"> </div>a<div style="display:inline-block;width:6.15px"> </div>consideration<div style="display:inline-block;width:6.49px"> </div>of<div style="display:inline-block;width:6.2px"> </div>which<div style="display:inline-block;width:6.35px"> </div>segment’s<div style="display:inline-block;width:6.45px"> </div>business<div style="display:inline-block;width:6.32px"> </div>needs<div style="display:inline-block;width:6.6px"> </div>are<div style="display:inline-block;width:6.23px"> </div>being<div style="display:inline-block;width:6.18px"> </div>addressed<div style="display:inline-block;width:6.47px"> </div>by<div style="display:inline-block;width:6.15px"> </div>the </div><div id="a146798" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:590.4px;">transaction<div style="display:inline-block;width:5.56px"> </div>and<div style="display:inline-block;width:5.61px"> </div>which<div style="display:inline-block;width:5.4px"> </div>segment<div style="display:inline-block;width:5.35px"> </div>is<div style="display:inline-block;width:5.15px"> </div>providing<div style="display:inline-block;width:5.89px"> </div>the<div style="display:inline-block;width:5.25px"> </div>funding<div style="display:inline-block;width:5.96px"> </div>and<div style="display:inline-block;width:5.61px"> </div>/<div style="display:inline-block;width:5.31px"> </div>or<div style="display:inline-block;width:5.25px"> </div>resources.<div style="display:inline-block;width:5.31px"> </div>Allocation<div style="display:inline-block;width:5.77px"> </div>of<div style="display:inline-block;width:5.25px"> </div>liabilities<div style="display:inline-block;width:5.93px"> </div>follows<div style="display:inline-block;width:5.4px"> </div>the<div style="display:inline-block;width:5.25px"> </div>same </div><div id="a146800" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:605.6px;">principles. </div><div id="a146802" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:628.3px;">Non-current<div style="display:inline-block;width:5.15px"> </div>assets disclosed<div style="display:inline-block;width:6.07px"> </div>for segment<div style="display:inline-block;width:5.82px"> </div>reporting<div style="display:inline-block;width:5.69px"> </div>purposes<div style="display:inline-block;width:5.48px"> </div>represent<div style="display:inline-block;width:5.2px"> </div>assets that<div style="display:inline-block;width:5.67px"> </div>are expected<div style="display:inline-block;width:5.71px"> </div>to be<div style="display:inline-block;width:6.03px"> </div>recovered<div style="display:inline-block;width:5.37px"> </div>more </div><div id="a146805" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:643.4px;">than<div style="display:inline-block;width:5.93px"> </div>12<div style="display:inline-block;width:6.08px"> </div>months<div style="display:inline-block;width:6.02px"> </div>after<div style="display:inline-block;width:5.21px"> </div>the<div style="display:inline-block;width:5.72px"> </div>reporting<div style="display:inline-block;width:6.16px"> </div>date,<div style="display:inline-block;width:5.83px"> </div>excluding<div style="display:inline-block;width:5.87px"> </div>financial<div style="display:inline-block;width:5.41px"> </div>instruments,<div style="display:inline-block;width:6.24px"> </div>deferred<div style="display:inline-block;width:6.33px"> </div>tax<div style="display:inline-block;width:5.32px"> </div>assets<div style="display:inline-block;width:5.67px"> </div>and<div style="display:inline-block;width:6.08px"> </div>post-employment </div><div id="a146809" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:659px;">benefits.</div></div><div id="TextBlockContainer1094" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:210px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1092_XBRL_TS_2b8e0dd0f1864a47a8695f9a837465d1" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1093" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:210px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a146851" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:23.2px;">USD m </div><div id="a146854" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:281.404px;top:11.8px;">Global Wealth </div><div id="a146855" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:284.75px;top:23.2px;">Management </div><div id="a146858" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:362.337px;top:0px;">Personal &amp; </div><div id="a146860" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:365.177px;top:11.8px;">Corporate </div><div id="a146862" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.79px;top:23.2px;">Banking </div><div id="a146865" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.31px;top:11.8px;">Asset<div style="display:inline-block;width:2.72px"> </div></div><div id="a146867" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:422.43px;top:23.2px;">Management </div><div id="a146870" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.044px;top:11.8px;">Investment </div><div id="a146871" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.324px;top:23.2px;">Bank </div><div id="a146874" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:586.15px;top:11.8px;">Group<div style="display:inline-block;width:2.65px"> </div></div><div id="a146876" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:574.324px;top:23.2px;">Functions </div><div id="a146879" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.07px;top:23.2px;">UBS AG </div><div id="a146894" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:3.181px;top:49.1px;">For the year ended 31 December<div style="display:inline-block;width:4.28px"> </div>2022 </div><div id="a146906" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:61px;">Net interest income </div><div id="a146909_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.23px;top:61px;">5,274</div><div id="a146913_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:61px;">2,192</div><div id="a146917_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.03px;top:61px;display:flex;">(19)</div><div id="a146921_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.377px;top:61px;display:flex;">(241)</div><div id="a146925_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:61px;display:flex;">(688)</div><div id="a146929_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.204px;top:61px;">6,517</div><div id="a146932" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:74.7px;">Non-interest income </div><div id="a146937_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.497px;top:74.7px;">13,689</div><div id="a146941_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:74.7px;">2,113</div><div id="a146945_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:446.577px;top:74.7px;">2,980</div><div id="a146947" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:467.857px;top:75.4px;">1 </div><div id="a146950_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:74.7px;">8,958</div><div id="a146954_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:594.19px;top:74.7px;">659</div><div id="a146958_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:74.7px;">28,398</div><div id="a146961" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:87px;">Total revenues </div><div id="a146964_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.497px;top:87px;">18,963</div><div id="a146968_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:87px;">4,304</div><div id="a146972_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:87px;">2,961</div><div id="a146976_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:87px;">8,717</div><div id="a146980_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:594.19px;top:87px;display:flex;">(30)</div><div id="a146984_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:87px;">34,915</div><div id="a146987" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:100.8px;">Credit loss expense / (release) </div><div id="a146990_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:328.257px;top:100.8px;">0</div><div id="a146994_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.164px;top:100.8px;">39</div><div id="a146998_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.964px;top:100.8px;">0</div><div id="a147002_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.11px;top:100.8px;display:flex;">(12)</div><div id="a147006_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:604.15px;top:100.8px;">3</div><div id="a147010_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:100.8px;">29</div><div id="a147013" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:114px;">Operating expenses </div><div id="a147016_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.497px;top:114px;">14,069</div><div id="a147020_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:114px;">2,475</div><div id="a147024_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:114px;">1,565</div><div id="a147028_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:114px;">6,890</div><div id="a147032_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:594.19px;top:114px;">928</div><div id="a147036_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:114px;">25,927</div><div id="a147039" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:127.3px;">Operating profit / (loss) before<div style="display:inline-block;width:3.73px"> </div>tax </div><div id="a147042_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.23px;top:127.3px;">4,894</div><div id="a147046_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:379.83px;top:127.3px;">1,790</div><div id="a147050_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.937px;top:127.3px;">1,396</div><div id="a147054_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:518.017px;top:127.3px;">1,839</div><div id="a147058_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.457px;top:127.3px;display:flex;">(960)</div><div id="a147062_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.204px;top:127.3px;">8,960</div><div id="a147065" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:140.5px;">Tax expense / (benefit) </div><div id="a147078_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.204px;top:140.5px;">1,844</div><div id="a147081" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:153.8px;">Net profit / (loss) </div><div id="a147094_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.204px;top:153.8px;">7,116</div><div id="a147110" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.181px;top:174.4px;">Additional information </div><div id="a147124" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:186.4px;">Total assets </div><div id="a147127_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:301.777px;top:186.4px;">388,624</div><div id="a147131_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:370.377px;top:186.4px;">235,330</div><div id="a147135_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:186.4px;">16,971</div><div id="a147139_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:508.564px;top:186.4px;">391,495</div><div id="a147143_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:186.4px;">73,016</div><div id="a147147_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:639.617px;top:186.4px;">1,105,436</div><div id="a147150" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:200.1px;">Additions to non-current assets </div><div id="a147155_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:323.524px;top:200.1px;">42</div><div id="a147159_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.164px;top:200.1px;">13</div><div id="a147163_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.964px;top:200.1px;">1</div><div id="a147167_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.31px;top:200.1px;">33</div><div id="a147171_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.097px;top:200.1px;">1,773</div><div id="a147175_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.204px;top:200.1px;">1,862</div></div></div></div><div id="TextBlockContainer1097" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:680px;height:218px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a147178" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:23.6px;">USD m </div><div id="a147181" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:281.404px;top:11.8px;">Global Wealth </div><div id="a147182" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:284.75px;top:23.6px;">Management </div><div id="a147185" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:362.337px;top:0px;">Personal &amp; </div><div id="a147187" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:365.177px;top:11.8px;">Corporate </div><div id="a147189" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.79px;top:23.6px;">Banking </div><div id="a147192" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.31px;top:11.8px;">Asset<div style="display:inline-block;width:2.72px"> </div></div><div id="a147194" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:422.43px;top:23.6px;">Management </div><div id="a147197" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.044px;top:11.8px;">Investment </div><div id="a147198" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.324px;top:23.6px;">Bank </div><div id="a147201" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:581.417px;top:11.8px;">Group </div><div id="a147202" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:569.604px;top:23.6px;">Functions </div><div id="a147205" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.35px;top:23.6px;">UBS AG </div><div id="a147220" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.181px;top:49.1px;">For the year ended 31 December<div style="display:inline-block;width:4.28px"> </div>2021 </div><div id="a147232" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:62px;">Net interest income </div><div id="a147235_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.23px;top:62px;">4,244</div><div id="a147239_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:62px;">2,120</div><div id="a147243_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.03px;top:62px;display:flex;">(15)</div><div id="a147247_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.11px;top:62px;">481</div><div id="a147251_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.724px;top:62px;display:flex;">(226)</div><div id="a147255_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:62px;">6,605</div><div id="a147258" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:76.2px;">Non-interest income </div><div id="a147263_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.497px;top:76.2px;">15,175</div><div id="a147267_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:76.2px;">2,144</div><div id="a147271_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:76.2px;">2,632</div><div id="a147275_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:76.2px;">8,978</div><div id="a147279_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:76.2px;">294</div><div id="a147283_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:646.71px;top:76.2px;">29,222</div><div id="a147286" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:89.9px;">Total revenues </div><div id="a147289_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.497px;top:89.9px;">19,419</div><div id="a147293_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:89.9px;">4,264</div><div id="a147297_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:89.9px;">2,617</div><div id="a147301_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:89.9px;">9,459</div><div id="a147305_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:594.657px;top:89.9px;">68</div><div id="a147309_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:646.71px;top:89.9px;">35,828</div><div id="a147312" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:104.1px;">Credit loss expense / (release) </div><div id="a147315_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:318.324px;top:104.1px;display:flex;">(29)</div><div id="a147319_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.924px;top:104.1px;display:flex;">(86)</div><div id="a147323_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.964px;top:104.1px;">1</div><div id="a147327_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.11px;top:104.1px;display:flex;">(34)</div><div id="a147331_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:599.417px;top:104.1px;">0</div><div id="a147335_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.844px;top:104.1px;display:flex;">(148)</div><div id="a147338" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:118.7px;">Operating expenses </div><div id="a147341_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.497px;top:118.7px;">14,743</div><div id="a147345_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:118.7px;">2,623</div><div id="a147349_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:118.7px;">1,593</div><div id="a147353_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:118.7px;">6,902</div><div id="a147357_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:118.7px;">1,151</div><div id="a147361_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:646.71px;top:118.7px;">27,012</div><div id="a147364" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:132.9px;">Operating profit / (loss) before<div style="display:inline-block;width:3.73px"> </div>tax </div><div id="a147367_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.23px;top:132.9px;">4,706</div><div id="a147371_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:132.9px;">1,726</div><div id="a147375_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:132.9px;">1,023</div><div id="a147379_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:132.9px;">2,592</div><div id="a147383_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:132.9px;display:flex;">(1,083)</div><div id="a147387_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:132.9px;">8,964</div><div id="a147390" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:147.1px;">Tax expense / (benefit) </div><div id="a147403_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:147.1px;">1,903</div><div id="a147406" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:161.8px;">Net profit / (loss) </div><div id="a147419_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:161.8px;">7,061</div><div id="a147435" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.181px;top:182.4px;">Additional information </div><div id="a147449" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:194.9px;">Total assets</div><div id="a147450" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:45.301px;top:195.5px;">2</div><div id="a147453_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:301.777px;top:194.9px;">395,235</div><div id="a147457_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:370.377px;top:194.9px;">225,425</div><div id="a147461_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:194.9px;">25,202</div><div id="a147465_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:508.564px;top:194.9px;">346,641</div><div id="a147469_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.91px;top:194.9px;">123,641</div><div id="a147473_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:634.884px;top:194.9px;">1,116,145</div><div id="a147476" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:208.2px;">Additions to non-current assets </div><div id="a147481_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:323.524px;top:208.2px;">56</div><div id="a147485_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.164px;top:208.2px;">16</div><div id="a147489_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.964px;top:208.2px;">1</div><div id="a147493_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.31px;top:208.2px;">30</div><div id="a147497_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:208.2px;">1,689</div><div id="a147501_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:208.2px;">1,791</div></div><div id="TextBlockContainer1101" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:680px;height:268px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a147504" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:23.2px;">USD m </div><div id="a147507" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:281.404px;top:11.3px;">Global Wealth </div><div id="a147508" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:284.75px;top:23.2px;">Management </div><div id="a147511" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:362.337px;top:0px;">Personal &amp; </div><div id="a147513" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:365.177px;top:11.3px;">Corporate </div><div id="a147515" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.79px;top:23.2px;">Banking </div><div id="a147518" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.31px;top:11.3px;">Asset<div style="display:inline-block;width:2.72px"> </div></div><div id="a147520" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:422.43px;top:23.2px;">Management </div><div id="a147523" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.044px;top:11.3px;">Investment </div><div id="a147524" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.324px;top:23.2px;">Bank </div><div id="a147527" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:581.417px;top:11.3px;">Group </div><div id="a147528" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:569.604px;top:23.2px;">Functions </div><div id="a147531" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.35px;top:23.2px;">UBS AG </div><div id="a147546" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.181px;top:49.1px;">For the year ended 31 December<div style="display:inline-block;width:4.28px"> </div>2020 </div><div id="a147558" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:63.9px;">Net interest income </div><div id="a147561_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.23px;top:63.9px;">4,027</div><div id="a147565_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:63.9px;">2,049</div><div id="a147569_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.03px;top:63.9px;display:flex;">(17)</div><div id="a147573_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.11px;top:63.9px;">284</div><div id="a147577_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.724px;top:63.9px;display:flex;">(555)</div><div id="a147581_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:63.9px;">5,788</div><div id="a147584" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:78.1px;">Non-interest income</div><div id="a147587" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:76.545px;top:78.7px;">3</div><div id="a147590_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.497px;top:78.1px;">13,107</div><div id="a147594_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:78.1px;">1,859</div><div id="a147598_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:78.1px;">2,993</div><div id="a147602_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:78.1px;">9,224</div><div id="a147606" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.564px;top:78.1px;">504</div><div id="a147609_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:646.71px;top:78.1px;">27,686</div><div id="a147612" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:91.8px;">Total revenues </div><div id="a147615_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.497px;top:91.8px;">17,134</div><div id="a147619" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.95px;top:91.8px;">3,908</div><div id="a147622_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:91.8px;">2,975</div><div id="a147626_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:91.8px;">9,508</div><div id="a147630_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:91.8px;display:flex;">(52)</div><div id="a147634_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:646.71px;top:91.8px;">33,474</div><div id="a147637" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:106px;">Credit loss expense / (release) </div><div id="a147640_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:323.524px;top:106px;">88</div><div id="a147644_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.924px;top:106px;">257</div><div id="a147648_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.964px;top:106px;">2</div><div id="a147652_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.11px;top:106px;">305</div><div id="a147656_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:594.657px;top:106px;">42</div><div id="a147660_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:106px;">695</div><div id="a147663" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:120.1px;">Operating expenses </div><div id="a147666_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.497px;top:120.1px;">13,080</div><div id="a147670_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:120.1px;">2,390</div><div id="a147674_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:120.1px;">1,520</div><div id="a147678_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:120.1px;">6,762</div><div id="a147682_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:120.1px;">1,329</div><div id="a147686_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:646.71px;top:120.1px;">25,081</div><div id="a147689" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:134.8px;">Operating profit / (loss) before<div style="display:inline-block;width:3.73px"> </div>tax </div><div id="a147692_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.23px;top:134.8px;">3,965</div><div id="a147696_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:134.8px;">1,261</div><div id="a147700_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:134.8px;">1,454</div><div id="a147704_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:134.8px;">2,441</div><div id="a147708_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:134.8px;display:flex;">(1,423)</div><div id="a147712_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:134.8px;">7,699</div><div id="a147715" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:149px;">Tax expense / (benefit) </div><div id="a147728_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:149px;">1,488</div><div id="a147731" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:163.2px;">Net profit / (loss) </div><div id="a147744_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:163.2px;">6,211</div><div id="a147760" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.181px;top:189.5px;">Additional information </div><div id="a147772" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:202px;">Total assets </div><div id="a147775" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:299.884px;top:202px;">367,714</div><div id="a147778" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:368.484px;top:202px;">231,710</div><div id="a147781_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:202px;">28,266</div><div id="a147785_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:508.564px;top:202px;">369,778</div><div id="a147789_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.91px;top:202px;">127,858</div><div id="a147793_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:634.884px;top:202px;">1,125,327</div><div id="a147796" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:215.3px;">Additions to non-current assets </div><div id="a147801_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:328.257px;top:215.3px;">5</div><div id="a147805_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.164px;top:215.3px;">12</div><div id="a147809_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.03px;top:215.3px;">385</div><div id="a147813_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.11px;top:215.3px;">150</div><div id="a147817_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:215.3px;">1,971</div><div id="a147821_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:215.3px;">2,524</div><div id="a147824" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:229.3px;">1 Includes an USD </div><div id="a147824_18_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:62.294px;top:229.3px;">848</div><div id="a147824_21_185" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:75.062px;top:229.3px;">m gain in Asset Management<div style="display:inline-block;width:3.64px"> </div>related to the sale<div style="display:inline-block;width:3.64px"> </div>of UBS AG’s<div style="display:inline-block;width:3.46px"> </div>shareholding in Mitsubishi<div style="display:inline-block;width:3.77px"> </div>Corp.-UBS Realty<div style="display:inline-block;width:3.71px"> </div>Inc.<div style="display:inline-block;width:8.36px"> </div>2 During 2022,<div style="display:inline-block;width:3.38px"> </div>UBS AG refined the<div style="display:inline-block;width:3.48px"> </div>methodology applied to<div style="display:inline-block;width:3.6px"> </div>allocate balance </div><div id="a147827" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:239.3px;">sheet resources from Group Functions to the business<div style="display:inline-block;width:3.49px"> </div>divisions, with prospective<div style="display:inline-block;width:3.43px"> </div>effect. If the new methodology had been applied as of 31<div style="display:inline-block;width:3.39px"> </div>December 2021, balance sheet assets allocated to<div style="display:inline-block;width:3.49px"> </div>business divisions would </div><div id="a147830" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:249.2px;">have been USD </div><div id="a147830_14_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:53.309px;top:249.2px;">26</div><div id="a147830_16_24" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:61.821px;top:249.2px;">bn higher,<div style="display:inline-block;width:3.78px"> </div>of which USD </div><div id="a147830_40_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:141.268px;top:249.2px;">14</div><div id="a147830_42_55" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:149.781px;top:249.2px;">bn related to the<div style="display:inline-block;width:3.77px"> </div>Investment Bank.<div style="display:inline-block;width:10.25px"> </div>3 Includes a<div style="display:inline-block;width:3.5px"> </div>USD </div><div id="a147830_97_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:324.888px;top:249.2px;">631</div><div id="a147830_100_103" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:337.656px;top:249.2px;">m net gain on<div style="display:inline-block;width:3.63px"> </div>the sale of a<div style="display:inline-block;width:3.49px"> </div>majority stake in<div style="display:inline-block;width:4.1px"> </div>Fondcenter AG<div style="display:inline-block;width:3.46px"> </div>(now Clearstream<div style="display:inline-block;width:3.94px"> </div>Fund Centre AG),<div style="display:inline-block;width:3.74px"> </div>of which </div><div id="a147833" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:259.6px;">USD </div><div id="a147833_4_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.314px;top:259.6px;">571</div><div id="a147833_7_45" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:31.082px;top:259.6px;">m was recognized in Asset<div style="display:inline-block;width:3.62px"> </div>Management and USD </div><div id="a147833_52_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:189.977px;top:259.6px;">60</div><div id="a147833_54_45" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:198.49px;top:259.6px;">m was recognized in Global<div style="display:inline-block;width:3.94px"> </div>Wealth Management.</div></div><div id="TextBlockContainer1104" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:144px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a147872" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">The<div style="display:inline-block;width:5.4px"> </div>operating<div style="display:inline-block;width:5.6px"> </div>regions<div style="display:inline-block;width:5.84px"> </div>shown<div style="display:inline-block;width:5.96px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the<div style="display:inline-block;width:5.25px"> </div>table<div style="display:inline-block;width:5.15px"> </div>below<div style="display:inline-block;width:5.61px"> </div>correspond<div style="display:inline-block;width:5.99px"> </div>to<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>regional<div style="display:inline-block;width:6.16px"> </div>management<div style="display:inline-block;width:5.35px"> </div>structure<div style="display:inline-block;width:5.55px"> </div>of<div style="display:inline-block;width:5.25px"> </div>UBS<div style="display:inline-block;width:5.56px"> </div>AG.<div style="display:inline-block;width:5.83px"> </div>The </div><div id="a147873" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">allocation of total revenues<div style="display:inline-block;width:5.16px"> </div>to these regions reflects, and<div style="display:inline-block;width:5.01px"> </div>is consistent with, the basis<div style="display:inline-block;width:5.58px"> </div>on which the business<div style="display:inline-block;width:5.75px"> </div>is managed </div><div id="a147876" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">and its<div style="display:inline-block;width:5.03px"> </div>performance is<div style="display:inline-block;width:5.04px"> </div>evaluated. These<div style="display:inline-block;width:5.61px"> </div>allocations<div style="display:inline-block;width:5.19px"> </div>involve assumptions<div style="display:inline-block;width:5.64px"> </div>and judgments<div style="display:inline-block;width:5.69px"> </div>that management<div style="display:inline-block;width:5.35px"> </div>considers to </div><div id="a147877" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.4px;">be reasonable, and<div style="display:inline-block;width:5.34px"> </div>may be refined to reflect<div style="display:inline-block;width:5.22px"> </div>changes in estimates<div style="display:inline-block;width:5.02px"> </div>or management<div style="display:inline-block;width:5.03px"> </div>structure. The<div style="display:inline-block;width:5.02px"> </div>main principles of the </div><div id="a147878" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">allocation methodology are<div style="display:inline-block;width:2.25px"> </div>that client revenues are<div style="display:inline-block;width:1.69px"> </div>attributed to the<div style="display:inline-block;width:2.09px"> </div>domicile of the<div style="display:inline-block;width:1.93px"> </div>given client and<div style="display:inline-block;width:2.24px"> </div>trading and portfolio </div><div id="a147880" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;">management revenues<div style="display:inline-block;width:6.74px"> </div>are attributed<div style="display:inline-block;width:6.23px"> </div>to the<div style="display:inline-block;width:6.35px"> </div>country where<div style="display:inline-block;width:6.07px"> </div>the<div style="display:inline-block;width:5.25px"> </div>risk is<div style="display:inline-block;width:5.99px"> </div>managed.<div style="display:inline-block;width:5.29px"> </div>This revenue<div style="display:inline-block;width:6.21px"> </div>attribution<div style="display:inline-block;width:5.19px"> </div>is<div style="display:inline-block;width:5.15px"> </div>consistent </div><div id="a147881" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:92.3px;">with the mandate of the regional Presidents. Certain revenues,<div style="display:inline-block;width:5.43px"> </div>such as those related to Non-core and Legacy Portfolio in </div><div id="a147892" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:107.4px;">Group Functions, are<div style="display:inline-block;width:5.02px"> </div>managed at a Group level. These revenues<div style="display:inline-block;width:5.1px"> </div>are included in the </div><div id="a147894" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:481.885px;top:107.2px;">Global</div><div id="a147895" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:518.792px;top:107.4px;"><div style="display:inline-block;width:3.79px"> </div>line. </div><div id="a147898" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:130.6px;">The geographic analysis of non-current<div style="display:inline-block;width:2.14px"> </div>assets is based on<div style="display:inline-block;width:2.12px"> </div>the location of<div style="display:inline-block;width:2.24px"> </div>the entity<div style="display:inline-block;width:2.11px"> </div>in which the given assets<div style="display:inline-block;width:2.28px"> </div>are recorded.</div></div><div id="TextBlockContainer1108" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:688px;height:494px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1106_XBRL_TS_9874c446759843ea9fbf656f1f803b66" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1107" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:688px;height:494px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a147908" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">For the year ended 31 December<div style="display:inline-block;width:4.28px"> </div>2022 </div><div id="a147918" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:398.808px;top:15.3px;">Total revenues</div><div id="a147919" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:451.808px;top:15.9px;">1</div><div id="a147922" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.075px;top:15.3px;">Total non-current assets </div><div id="a147928" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.915px;top:31.4px;">USD bn </div><div id="a147930" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:473.555px;top:31.4px;">Share % </div><div id="a147933" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:31.4px;">USD bn </div><div id="a147935" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:31.4px;">Share %<div style="display:inline-block;width:2.93px"> </div></div><div id="a147937" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:47px;">Americas</div><div id="a147939" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:36.342px;top:47.7px;">2</div><div id="a147942_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:407.315px;top:47px;">13.8</div><div id="a147945_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:494.875px;top:47px;">40</div><div id="a147949_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:581.915px;top:47px;">9.0</div><div id="a147952_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:47px;">48</div><div id="a147955" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:63.1px;">Asia Pacific </div><div id="a147958_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.048px;top:63.1px;">5.6</div><div id="a147961_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:494.875px;top:63.1px;">16</div><div id="a147965_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:581.915px;top:63.1px;">1.5</div><div id="a147968_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:63.1px;">8</div><div id="a147971" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:79.6px;">Europe, Middle East and Africa (excluding<div style="display:inline-block;width:3.89px"> </div>Switzerland) </div><div id="a147974_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.048px;top:79.6px;">7.0</div><div id="a147977_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:494.875px;top:79.6px;">20</div><div id="a147981_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:581.915px;top:79.6px;">2.6</div><div id="a147984_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:79.6px;">14</div><div id="a147987" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:95.7px;">Switzerland </div><div id="a147990_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.048px;top:95.7px;">7.7</div><div id="a147993_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:494.875px;top:95.7px;">22</div><div id="a147997_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:581.915px;top:95.7px;">5.6</div><div id="a148000_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:95.7px;">30</div><div id="a148003" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:112.3px;">Global </div><div id="a148006_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.048px;top:112.3px;">0.8</div><div id="a148009_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:499.595px;top:112.3px;">2</div><div id="a148013_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:581.915px;top:112.3px;">0.0</div><div id="a148016_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:112.3px;">0</div><div id="a148019" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:128.4px;">Total </div><div id="a148022_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:407.315px;top:128.4px;">34.9</div><div id="a148025_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.635px;top:128.4px;">100</div><div id="a148029_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.195px;top:128.4px;">18.7</div><div id="a148032_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:128.4px;">100</div><div id="a148042" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#000000;left:3.679px;top:160.4px;">For the year ended 31 December<div style="display:inline-block;width:4.31px"> </div>2021 </div><div id="a148053" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:398.808px;top:176.2px;">Total revenues</div><div id="a148054" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:451.328px;top:176.8px;">1</div><div id="a148057" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:553.075px;top:176.2px;">Total non-current assets </div><div id="a148063" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:396.915px;top:191.8px;">USD bn </div><div id="a148065" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:473.555px;top:191.8px;">Share % </div><div id="a148068" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.782px;top:191.8px;">USD bn </div><div id="a148070" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:647.688px;top:191.8px;">Share %<div style="display:inline-block;width:2.45px"> </div></div><div id="a148072" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:207.4px;">Americas</div><div id="a148074" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:36.342px;top:208px;">2</div><div id="a148077_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:207.4px;">14.5</div><div id="a148080_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:494.875px;top:207.4px;">40</div><div id="a148084_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:207.4px;">9.0</div><div id="a148087_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.995px;top:207.4px;">47</div><div id="a148090" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:223.9px;">Asia Pacific </div><div id="a148093_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.528px;top:223.9px;">6.5</div><div id="a148096_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:494.875px;top:223.9px;">18</div><div id="a148100_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:223.9px;">1.4</div><div id="a148103_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:223.9px;">7</div><div id="a148106" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:240px;">Europe, Middle East and Africa (excluding<div style="display:inline-block;width:3.89px"> </div>Switzerland) </div><div id="a148109_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.528px;top:240px;">7.0</div><div id="a148112_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:494.875px;top:240px;">20</div><div id="a148116_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:240px;">2.6</div><div id="a148119_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.995px;top:240px;">13</div><div id="a148122" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:256.6px;">Switzerland </div><div id="a148125_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.528px;top:256.6px;">7.8</div><div id="a148128_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:494.875px;top:256.6px;">22</div><div id="a148132_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:256.6px;">6.3</div><div id="a148135_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.995px;top:256.6px;">33</div><div id="a148138" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:273.1px;">Global </div><div id="a148141_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.528px;top:273.1px;">0.1</div><div id="a148144_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:499.595px;top:273.1px;">0</div><div id="a148148_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:273.1px;">0.0</div><div id="a148151_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:273.1px;">0</div><div id="a148154" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:289.2px;">Total </div><div id="a148157_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:289.2px;">35.8</div><div id="a148160_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:489.635px;top:289.2px;">100</div><div id="a148164_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:577.195px;top:289.2px;">19.3</div><div id="a148167_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.795px;top:289.2px;">100</div><div id="a148177" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#000000;left:3.679px;top:321.2px;">For the year ended 31 December<div style="display:inline-block;width:4.31px"> </div>2020 </div><div id="a148188" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:398.808px;top:337px;">Total revenues</div><div id="a148189" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:451.328px;top:337.7px;">1</div><div id="a148192" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:553.075px;top:337px;">Total non-current assets </div><div id="a148198" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:396.915px;top:352.6px;">USD bn </div><div id="a148200" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:473.555px;top:352.6px;">Share % </div><div id="a148203" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.782px;top:352.6px;">USD bn </div><div id="a148205" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:647.688px;top:352.6px;">Share %<div style="display:inline-block;width:2.45px"> </div></div><div id="a148207" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:368.2px;">Americas</div><div id="a148209" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:36.342px;top:368.9px;">2</div><div id="a148212_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:368.2px;">13.2</div><div id="a148215_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:494.875px;top:368.2px;">39</div><div id="a148219_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:368.2px;">9.0</div><div id="a148222_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.995px;top:368.2px;">45</div><div id="a148225" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:384.8px;">Asia Pacific </div><div id="a148228_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.528px;top:384.8px;">6.1</div><div id="a148231_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:494.875px;top:384.8px;">18</div><div id="a148235_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:384.8px;">1.4</div><div id="a148238_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:384.8px;">7</div><div id="a148241" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:400.9px;">Europe, Middle East and Africa (excluding<div style="display:inline-block;width:3.89px"> </div>Switzerland) </div><div id="a148244_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.528px;top:400.9px;">6.5</div><div id="a148247_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:494.875px;top:400.9px;">20</div><div id="a148251_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:400.9px;">2.7</div><div id="a148254_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.995px;top:400.9px;">14</div><div id="a148257" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:417.5px;">Switzerland </div><div id="a148260_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.528px;top:417.5px;">7.1</div><div id="a148263_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:494.875px;top:417.5px;">21</div><div id="a148267_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:417.5px;">6.9</div><div id="a148270_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.995px;top:417.5px;">34</div><div id="a148273" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:433.5px;">Global </div><div id="a148276_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.528px;top:433.5px;">0.5</div><div id="a148279_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:499.595px;top:433.5px;">2</div><div id="a148283_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:433.5px;">0.0</div><div id="a148286_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:433.5px;">0</div><div id="a148289" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:450.1px;">Total </div><div id="a148292_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:450.1px;">33.5</div><div id="a148295_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:489.635px;top:450.1px;">100</div><div id="a148299_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:577.195px;top:450.1px;">20.0</div><div id="a148302_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.795px;top:450.1px;">100</div><div id="a148305" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:465.6px;">1 During 2022, UBS AG changed<div style="display:inline-block;width:3.93px"> </div>the presentation of its Income<div style="display:inline-block;width:3.62px"> </div>statement. Total operating<div style="display:inline-block;width:3.94px"> </div>income was renamed<div style="display:inline-block;width:3.47px"> </div>Total revenues and<div style="display:inline-block;width:3.63px"> </div>excludes Credit loss<div style="display:inline-block;width:3.83px"> </div>expense / (release). Note 2b, including<div style="display:inline-block;width:4.46px"> </div>prior-period </div><div id="a148310" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:475.5px;">information, has been updated<div style="display:inline-block;width:3.48px"> </div>to reflect the new presentation<div style="display:inline-block;width:4.11px"> </div>structure, with the disclosure<div style="display:inline-block;width:3.94px"> </div>of Total revenues<div style="display:inline-block;width:3.46px"> </div>instead of Total operating<div style="display:inline-block;width:3.94px"> </div>income. Refer to<div style="display:inline-block;width:3.46px"> </div>Note 1b for more information.<div style="display:inline-block;width:9.76px"> </div>2 Predominantly related<div style="display:inline-block;width:3.87px"> </div>to </div><div id="a148314" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:485.5px;">the USA.</div></div></div></div> <div id="TextBlockContainer1093" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:210px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a146851" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:23.2px;">USD m </div><div id="a146854" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:281.404px;top:11.8px;">Global Wealth </div><div id="a146855" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:284.75px;top:23.2px;">Management </div><div id="a146858" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:362.337px;top:0px;">Personal &amp; </div><div id="a146860" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:365.177px;top:11.8px;">Corporate </div><div id="a146862" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.79px;top:23.2px;">Banking </div><div id="a146865" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.31px;top:11.8px;">Asset<div style="display:inline-block;width:2.72px"> </div></div><div id="a146867" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:422.43px;top:23.2px;">Management </div><div id="a146870" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.044px;top:11.8px;">Investment </div><div id="a146871" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.324px;top:23.2px;">Bank </div><div id="a146874" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:586.15px;top:11.8px;">Group<div style="display:inline-block;width:2.65px"> </div></div><div id="a146876" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:574.324px;top:23.2px;">Functions </div><div id="a146879" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.07px;top:23.2px;">UBS AG </div><div id="a146894" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:3.181px;top:49.1px;">For the year ended 31 December<div style="display:inline-block;width:4.28px"> </div>2022 </div><div id="a146906" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:61px;">Net interest income </div><div id="a146909_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.23px;top:61px;">5,274</div><div id="a146913_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:61px;">2,192</div><div id="a146917_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.03px;top:61px;display:flex;">(19)</div><div id="a146921_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.377px;top:61px;display:flex;">(241)</div><div id="a146925_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:61px;display:flex;">(688)</div><div id="a146929_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.204px;top:61px;">6,517</div><div id="a146932" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:74.7px;">Non-interest income </div><div id="a146937_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.497px;top:74.7px;">13,689</div><div id="a146941_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:74.7px;">2,113</div><div id="a146945_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:446.577px;top:74.7px;">2,980</div><div id="a146947" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:467.857px;top:75.4px;">1 </div><div id="a146950_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:74.7px;">8,958</div><div id="a146954_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:594.19px;top:74.7px;">659</div><div id="a146958_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:74.7px;">28,398</div><div id="a146961" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:87px;">Total revenues </div><div id="a146964_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.497px;top:87px;">18,963</div><div id="a146968_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:87px;">4,304</div><div id="a146972_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:87px;">2,961</div><div id="a146976_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:87px;">8,717</div><div id="a146980_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:594.19px;top:87px;display:flex;">(30)</div><div id="a146984_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:87px;">34,915</div><div id="a146987" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:100.8px;">Credit loss expense / (release) </div><div id="a146990_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:328.257px;top:100.8px;">0</div><div id="a146994_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.164px;top:100.8px;">39</div><div id="a146998_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.964px;top:100.8px;">0</div><div id="a147002_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.11px;top:100.8px;display:flex;">(12)</div><div id="a147006_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:604.15px;top:100.8px;">3</div><div id="a147010_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:100.8px;">29</div><div id="a147013" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:114px;">Operating expenses </div><div id="a147016_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.497px;top:114px;">14,069</div><div id="a147020_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:114px;">2,475</div><div id="a147024_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:114px;">1,565</div><div id="a147028_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:114px;">6,890</div><div id="a147032_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:594.19px;top:114px;">928</div><div id="a147036_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:114px;">25,927</div><div id="a147039" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:127.3px;">Operating profit / (loss) before<div style="display:inline-block;width:3.73px"> </div>tax </div><div id="a147042_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.23px;top:127.3px;">4,894</div><div id="a147046_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:379.83px;top:127.3px;">1,790</div><div id="a147050_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.937px;top:127.3px;">1,396</div><div id="a147054_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:518.017px;top:127.3px;">1,839</div><div id="a147058_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.457px;top:127.3px;display:flex;">(960)</div><div id="a147062_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.204px;top:127.3px;">8,960</div><div id="a147065" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:140.5px;">Tax expense / (benefit) </div><div id="a147078_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.204px;top:140.5px;">1,844</div><div id="a147081" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:153.8px;">Net profit / (loss) </div><div id="a147094_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.204px;top:153.8px;">7,116</div><div id="a147110" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.181px;top:174.4px;">Additional information </div><div id="a147124" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:186.4px;">Total assets </div><div id="a147127_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:301.777px;top:186.4px;">388,624</div><div id="a147131_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:370.377px;top:186.4px;">235,330</div><div id="a147135_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:186.4px;">16,971</div><div id="a147139_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:508.564px;top:186.4px;">391,495</div><div id="a147143_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:186.4px;">73,016</div><div id="a147147_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:639.617px;top:186.4px;">1,105,436</div><div id="a147150" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:200.1px;">Additions to non-current assets </div><div id="a147155_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:323.524px;top:200.1px;">42</div><div id="a147159_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.164px;top:200.1px;">13</div><div id="a147163_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.964px;top:200.1px;">1</div><div id="a147167_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.31px;top:200.1px;">33</div><div id="a147171_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.097px;top:200.1px;">1,773</div><div id="a147175_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.204px;top:200.1px;">1,862</div></div> 5274000000 2192000000 -19000000 -241000000 -688000000 6517000000 13689000000 2113000000 2980000000 8958000000 659000000 28398000000 18963000000 4304000000 2961000000 8717000000 -30000000 34915000000 0 39000000 0 -12000000 3000000 29000000 14069000000 2475000000 1565000000 6890000000 928000000 25927000000 4894000000 1790000000 1396000000 1839000000 -960000000 8960000000 1844000000 7116000000 388624000000 235330000000 16971000000 391495000000 73016000000 1105436000000 42000000 13000000 1000000 33000000 1773000000 1862000000 <div id="TextBlockContainer1098" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:680px;height:218px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1096_XBRL_TS_3385810798f149e1b2e82473a68865a8" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1097" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:680px;height:218px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a147178" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:23.6px;">USD m </div><div id="a147181" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:281.404px;top:11.8px;">Global Wealth </div><div id="a147182" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:284.75px;top:23.6px;">Management </div><div id="a147185" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:362.337px;top:0px;">Personal &amp; </div><div id="a147187" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:365.177px;top:11.8px;">Corporate </div><div id="a147189" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.79px;top:23.6px;">Banking </div><div id="a147192" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.31px;top:11.8px;">Asset<div style="display:inline-block;width:2.72px"> </div></div><div id="a147194" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:422.43px;top:23.6px;">Management </div><div id="a147197" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.044px;top:11.8px;">Investment </div><div id="a147198" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.324px;top:23.6px;">Bank </div><div id="a147201" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:581.417px;top:11.8px;">Group </div><div id="a147202" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:569.604px;top:23.6px;">Functions </div><div id="a147205" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.35px;top:23.6px;">UBS AG </div><div id="a147220" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.181px;top:49.1px;">For the year ended 31 December<div style="display:inline-block;width:4.28px"> </div>2021 </div><div id="a147232" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:62px;">Net interest income </div><div id="a147235_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.23px;top:62px;">4,244</div><div id="a147239_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:62px;">2,120</div><div id="a147243_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.03px;top:62px;display:flex;">(15)</div><div id="a147247_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.11px;top:62px;">481</div><div id="a147251_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.724px;top:62px;display:flex;">(226)</div><div id="a147255_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:62px;">6,605</div><div id="a147258" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:76.2px;">Non-interest income </div><div id="a147263_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.497px;top:76.2px;">15,175</div><div id="a147267_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:76.2px;">2,144</div><div id="a147271_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:76.2px;">2,632</div><div id="a147275_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:76.2px;">8,978</div><div id="a147279_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:76.2px;">294</div><div id="a147283_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:646.71px;top:76.2px;">29,222</div><div id="a147286" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:89.9px;">Total revenues </div><div id="a147289_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.497px;top:89.9px;">19,419</div><div id="a147293_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:89.9px;">4,264</div><div id="a147297_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:89.9px;">2,617</div><div id="a147301_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:89.9px;">9,459</div><div id="a147305_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:594.657px;top:89.9px;">68</div><div id="a147309_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:646.71px;top:89.9px;">35,828</div><div id="a147312" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:104.1px;">Credit loss expense / (release) </div><div id="a147315_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:318.324px;top:104.1px;display:flex;">(29)</div><div id="a147319_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.924px;top:104.1px;display:flex;">(86)</div><div id="a147323_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.964px;top:104.1px;">1</div><div id="a147327_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.11px;top:104.1px;display:flex;">(34)</div><div id="a147331_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:599.417px;top:104.1px;">0</div><div id="a147335_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.844px;top:104.1px;display:flex;">(148)</div><div id="a147338" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:118.7px;">Operating expenses </div><div id="a147341_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.497px;top:118.7px;">14,743</div><div id="a147345_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:118.7px;">2,623</div><div id="a147349_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:118.7px;">1,593</div><div id="a147353_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:118.7px;">6,902</div><div id="a147357_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:118.7px;">1,151</div><div id="a147361_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:646.71px;top:118.7px;">27,012</div><div id="a147364" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:132.9px;">Operating profit / (loss) before<div style="display:inline-block;width:3.73px"> </div>tax </div><div id="a147367_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.23px;top:132.9px;">4,706</div><div id="a147371_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:132.9px;">1,726</div><div id="a147375_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:132.9px;">1,023</div><div id="a147379_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:132.9px;">2,592</div><div id="a147383_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:132.9px;display:flex;">(1,083)</div><div id="a147387_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:132.9px;">8,964</div><div id="a147390" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:147.1px;">Tax expense / (benefit) </div><div id="a147403_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:147.1px;">1,903</div><div id="a147406" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:161.8px;">Net profit / (loss) </div><div id="a147419_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:161.8px;">7,061</div><div id="a147435" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.181px;top:182.4px;">Additional information </div><div id="a147449" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:194.9px;">Total assets</div><div id="a147450" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:45.301px;top:195.5px;">2</div><div id="a147453_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:301.777px;top:194.9px;">395,235</div><div id="a147457_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:370.377px;top:194.9px;">225,425</div><div id="a147461_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:194.9px;">25,202</div><div id="a147465_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:508.564px;top:194.9px;">346,641</div><div id="a147469_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.91px;top:194.9px;">123,641</div><div id="a147473_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:634.884px;top:194.9px;">1,116,145</div><div id="a147476" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:208.2px;">Additions to non-current assets </div><div id="a147481_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:323.524px;top:208.2px;">56</div><div id="a147485_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.164px;top:208.2px;">16</div><div id="a147489_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.964px;top:208.2px;">1</div><div id="a147493_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.31px;top:208.2px;">30</div><div id="a147497_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:208.2px;">1,689</div><div id="a147501_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:208.2px;">1,791</div></div></div></div> 4244000000 2120000000 -15000000 481000000 -226000000 6605000000 15175000000 2144000000 2632000000 8978000000 294000000 29222000000 19419000000 4264000000 2617000000 9459000000 68000000 35828000000 -29000000 -86000000 1000000 -34000000 0 -148000000 14743000000 2623000000 1593000000 6902000000 1151000000 27012000000 4706000000 1726000000 1023000000 2592000000 -1083000000 8964000000 1903000000 7061000000 395235000000 225425000000 25202000000 346641000000 123641000000 1116145000000 56000000 16000000 1000000 30000000 1689000000 1791000000 <div id="TextBlockContainer1102" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:680px;height:268px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1100_XBRL_TS_4620cf313b1941e18ef14ff1c7af0d60" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1101" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:680px;height:268px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a147504" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:23.2px;">USD m </div><div id="a147507" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:281.404px;top:11.3px;">Global Wealth </div><div id="a147508" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:284.75px;top:23.2px;">Management </div><div id="a147511" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:362.337px;top:0px;">Personal &amp; </div><div id="a147513" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:365.177px;top:11.3px;">Corporate </div><div id="a147515" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.79px;top:23.2px;">Banking </div><div id="a147518" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.31px;top:11.3px;">Asset<div style="display:inline-block;width:2.72px"> </div></div><div id="a147520" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:422.43px;top:23.2px;">Management </div><div id="a147523" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.044px;top:11.3px;">Investment </div><div id="a147524" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.324px;top:23.2px;">Bank </div><div id="a147527" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:581.417px;top:11.3px;">Group </div><div id="a147528" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:569.604px;top:23.2px;">Functions </div><div id="a147531" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.35px;top:23.2px;">UBS AG </div><div id="a147546" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.181px;top:49.1px;">For the year ended 31 December<div style="display:inline-block;width:4.28px"> </div>2020 </div><div id="a147558" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:63.9px;">Net interest income </div><div id="a147561_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.23px;top:63.9px;">4,027</div><div id="a147565_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:63.9px;">2,049</div><div id="a147569_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.03px;top:63.9px;display:flex;">(17)</div><div id="a147573_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.11px;top:63.9px;">284</div><div id="a147577_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.724px;top:63.9px;display:flex;">(555)</div><div id="a147581_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:63.9px;">5,788</div><div id="a147584" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:78.1px;">Non-interest income</div><div id="a147587" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:76.545px;top:78.7px;">3</div><div id="a147590_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.497px;top:78.1px;">13,107</div><div id="a147594_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:78.1px;">1,859</div><div id="a147598_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:78.1px;">2,993</div><div id="a147602_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:78.1px;">9,224</div><div id="a147606" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.564px;top:78.1px;">504</div><div id="a147609_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:646.71px;top:78.1px;">27,686</div><div id="a147612" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:91.8px;">Total revenues </div><div id="a147615_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.497px;top:91.8px;">17,134</div><div id="a147619" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.95px;top:91.8px;">3,908</div><div id="a147622_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:91.8px;">2,975</div><div id="a147626_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:91.8px;">9,508</div><div id="a147630_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:91.8px;display:flex;">(52)</div><div id="a147634_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:646.71px;top:91.8px;">33,474</div><div id="a147637" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:106px;">Credit loss expense / (release) </div><div id="a147640_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:323.524px;top:106px;">88</div><div id="a147644_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.924px;top:106px;">257</div><div id="a147648_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.964px;top:106px;">2</div><div id="a147652_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.11px;top:106px;">305</div><div id="a147656_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:594.657px;top:106px;">42</div><div id="a147660_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:106px;">695</div><div id="a147663" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:120.1px;">Operating expenses </div><div id="a147666_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.497px;top:120.1px;">13,080</div><div id="a147670_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:120.1px;">2,390</div><div id="a147674_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:120.1px;">1,520</div><div id="a147678_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:120.1px;">6,762</div><div id="a147682_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:120.1px;">1,329</div><div id="a147686_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:646.71px;top:120.1px;">25,081</div><div id="a147689" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:134.8px;">Operating profit / (loss) before<div style="display:inline-block;width:3.73px"> </div>tax </div><div id="a147692_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.23px;top:134.8px;">3,965</div><div id="a147696_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:134.8px;">1,261</div><div id="a147700_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:134.8px;">1,454</div><div id="a147704_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:134.8px;">2,441</div><div id="a147708_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:134.8px;display:flex;">(1,423)</div><div id="a147712_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:134.8px;">7,699</div><div id="a147715" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:149px;">Tax expense / (benefit) </div><div id="a147728_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:149px;">1,488</div><div id="a147731" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:163.2px;">Net profit / (loss) </div><div id="a147744_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:163.2px;">6,211</div><div id="a147760" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.181px;top:189.5px;">Additional information </div><div id="a147772" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:202px;">Total assets </div><div id="a147775" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:299.884px;top:202px;">367,714</div><div id="a147778" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:368.484px;top:202px;">231,710</div><div id="a147781_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:202px;">28,266</div><div id="a147785_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:508.564px;top:202px;">369,778</div><div id="a147789_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.91px;top:202px;">127,858</div><div id="a147793_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:634.884px;top:202px;">1,125,327</div><div id="a147796" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:215.3px;">Additions to non-current assets </div><div id="a147801_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:328.257px;top:215.3px;">5</div><div id="a147805_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.164px;top:215.3px;">12</div><div id="a147809_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.03px;top:215.3px;">385</div><div id="a147813_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.11px;top:215.3px;">150</div><div id="a147817_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:215.3px;">1,971</div><div id="a147821_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:215.3px;">2,524</div><div id="a147824" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:229.3px;">1 Includes an USD </div><div id="a147824_18_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:62.294px;top:229.3px;">848</div><div id="a147824_21_185" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:75.062px;top:229.3px;">m gain in Asset Management<div style="display:inline-block;width:3.64px"> </div>related to the sale<div style="display:inline-block;width:3.64px"> </div>of UBS AG’s<div style="display:inline-block;width:3.46px"> </div>shareholding in Mitsubishi<div style="display:inline-block;width:3.77px"> </div>Corp.-UBS Realty<div style="display:inline-block;width:3.71px"> </div>Inc.<div style="display:inline-block;width:8.36px"> </div>2 During 2022,<div style="display:inline-block;width:3.38px"> </div>UBS AG refined the<div style="display:inline-block;width:3.48px"> </div>methodology applied to<div style="display:inline-block;width:3.6px"> </div>allocate balance </div><div id="a147827" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:239.3px;">sheet resources from Group Functions to the business<div style="display:inline-block;width:3.49px"> </div>divisions, with prospective<div style="display:inline-block;width:3.43px"> </div>effect. If the new methodology had been applied as of 31<div style="display:inline-block;width:3.39px"> </div>December 2021, balance sheet assets allocated to<div style="display:inline-block;width:3.49px"> </div>business divisions would </div><div id="a147830" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:249.2px;">have been USD </div><div id="a147830_14_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:53.309px;top:249.2px;">26</div><div id="a147830_16_24" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:61.821px;top:249.2px;">bn higher,<div style="display:inline-block;width:3.78px"> </div>of which USD </div><div id="a147830_40_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:141.268px;top:249.2px;">14</div><div id="a147830_42_55" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:149.781px;top:249.2px;">bn related to the<div style="display:inline-block;width:3.77px"> </div>Investment Bank.<div style="display:inline-block;width:10.25px"> </div>3 Includes a<div style="display:inline-block;width:3.5px"> </div>USD </div><div id="a147830_97_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:324.888px;top:249.2px;">631</div><div id="a147830_100_103" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:337.656px;top:249.2px;">m net gain on<div style="display:inline-block;width:3.63px"> </div>the sale of a<div style="display:inline-block;width:3.49px"> </div>majority stake in<div style="display:inline-block;width:4.1px"> </div>Fondcenter AG<div style="display:inline-block;width:3.46px"> </div>(now Clearstream<div style="display:inline-block;width:3.94px"> </div>Fund Centre AG),<div style="display:inline-block;width:3.74px"> </div>of which </div><div id="a147833" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:259.6px;">USD </div><div id="a147833_4_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.314px;top:259.6px;">571</div><div id="a147833_7_45" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:31.082px;top:259.6px;">m was recognized in Asset<div style="display:inline-block;width:3.62px"> </div>Management and USD </div><div id="a147833_52_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:189.977px;top:259.6px;">60</div><div id="a147833_54_45" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:198.49px;top:259.6px;">m was recognized in Global<div style="display:inline-block;width:3.94px"> </div>Wealth Management.</div></div></div></div> 4027000000 2049000000 -17000000 284000000 -555000000 5788000000 13107000000 1859000000 2993000000 9224000000 504000000 27686000000 17134000000 3908000000 2975000000 9508000000 -52000000 33474000000 88000000 257000000 2000000 305000000 42000000 695000000 13080000000 2390000000 1520000000 6762000000 1329000000 25081000000 3965000000 1261000000 1454000000 2441000000 -1423000000 7699000000 1488000000 6211000000 367714000000 231710000000 28266000000 369778000000 127858000000 1125327000000 5000000 12000000 385000000 150000000 1971000000 2524000000 848000000 26000000000 14000000000 631000000 571000000 60000000 <div id="TextBlockContainer1107" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:688px;height:494px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a147908" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">For the year ended 31 December<div style="display:inline-block;width:4.28px"> </div>2022 </div><div id="a147918" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:398.808px;top:15.3px;">Total revenues</div><div id="a147919" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:451.808px;top:15.9px;">1</div><div id="a147922" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.075px;top:15.3px;">Total non-current assets </div><div id="a147928" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.915px;top:31.4px;">USD bn </div><div id="a147930" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:473.555px;top:31.4px;">Share % </div><div id="a147933" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:31.4px;">USD bn </div><div id="a147935" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:31.4px;">Share %<div style="display:inline-block;width:2.93px"> </div></div><div id="a147937" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:47px;">Americas</div><div id="a147939" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:36.342px;top:47.7px;">2</div><div id="a147942_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:407.315px;top:47px;">13.8</div><div id="a147945_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:494.875px;top:47px;">40</div><div id="a147949_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:581.915px;top:47px;">9.0</div><div id="a147952_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:47px;">48</div><div id="a147955" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:63.1px;">Asia Pacific </div><div id="a147958_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.048px;top:63.1px;">5.6</div><div id="a147961_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:494.875px;top:63.1px;">16</div><div id="a147965_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:581.915px;top:63.1px;">1.5</div><div id="a147968_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:63.1px;">8</div><div id="a147971" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:79.6px;">Europe, Middle East and Africa (excluding<div style="display:inline-block;width:3.89px"> </div>Switzerland) </div><div id="a147974_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.048px;top:79.6px;">7.0</div><div id="a147977_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:494.875px;top:79.6px;">20</div><div id="a147981_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:581.915px;top:79.6px;">2.6</div><div id="a147984_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:79.6px;">14</div><div id="a147987" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:95.7px;">Switzerland </div><div id="a147990_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.048px;top:95.7px;">7.7</div><div id="a147993_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:494.875px;top:95.7px;">22</div><div id="a147997_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:581.915px;top:95.7px;">5.6</div><div id="a148000_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:95.7px;">30</div><div id="a148003" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:112.3px;">Global </div><div id="a148006_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.048px;top:112.3px;">0.8</div><div id="a148009_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:499.595px;top:112.3px;">2</div><div id="a148013_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:581.915px;top:112.3px;">0.0</div><div id="a148016_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:112.3px;">0</div><div id="a148019" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:128.4px;">Total </div><div id="a148022_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:407.315px;top:128.4px;">34.9</div><div id="a148025_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.635px;top:128.4px;">100</div><div id="a148029_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.195px;top:128.4px;">18.7</div><div id="a148032_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:128.4px;">100</div><div id="a148042" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#000000;left:3.679px;top:160.4px;">For the year ended 31 December<div style="display:inline-block;width:4.31px"> </div>2021 </div><div id="a148053" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:398.808px;top:176.2px;">Total revenues</div><div id="a148054" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:451.328px;top:176.8px;">1</div><div id="a148057" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:553.075px;top:176.2px;">Total non-current assets </div><div id="a148063" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:396.915px;top:191.8px;">USD bn </div><div id="a148065" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:473.555px;top:191.8px;">Share % </div><div id="a148068" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.782px;top:191.8px;">USD bn </div><div id="a148070" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:647.688px;top:191.8px;">Share %<div style="display:inline-block;width:2.45px"> </div></div><div id="a148072" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:207.4px;">Americas</div><div id="a148074" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:36.342px;top:208px;">2</div><div id="a148077_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:207.4px;">14.5</div><div id="a148080_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:494.875px;top:207.4px;">40</div><div id="a148084_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:207.4px;">9.0</div><div id="a148087_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.995px;top:207.4px;">47</div><div id="a148090" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:223.9px;">Asia Pacific </div><div id="a148093_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.528px;top:223.9px;">6.5</div><div id="a148096_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:494.875px;top:223.9px;">18</div><div id="a148100_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:223.9px;">1.4</div><div id="a148103_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:223.9px;">7</div><div id="a148106" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:240px;">Europe, Middle East and Africa (excluding<div style="display:inline-block;width:3.89px"> </div>Switzerland) </div><div id="a148109_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.528px;top:240px;">7.0</div><div id="a148112_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:494.875px;top:240px;">20</div><div id="a148116_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:240px;">2.6</div><div id="a148119_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.995px;top:240px;">13</div><div id="a148122" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:256.6px;">Switzerland </div><div id="a148125_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.528px;top:256.6px;">7.8</div><div id="a148128_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:494.875px;top:256.6px;">22</div><div id="a148132_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:256.6px;">6.3</div><div id="a148135_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.995px;top:256.6px;">33</div><div id="a148138" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:273.1px;">Global </div><div id="a148141_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.528px;top:273.1px;">0.1</div><div id="a148144_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:499.595px;top:273.1px;">0</div><div id="a148148_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:273.1px;">0.0</div><div id="a148151_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:273.1px;">0</div><div id="a148154" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:289.2px;">Total </div><div id="a148157_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:289.2px;">35.8</div><div id="a148160_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:489.635px;top:289.2px;">100</div><div id="a148164_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:577.195px;top:289.2px;">19.3</div><div id="a148167_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.795px;top:289.2px;">100</div><div id="a148177" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#000000;left:3.679px;top:321.2px;">For the year ended 31 December<div style="display:inline-block;width:4.31px"> </div>2020 </div><div id="a148188" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:398.808px;top:337px;">Total revenues</div><div id="a148189" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:451.328px;top:337.7px;">1</div><div id="a148192" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:553.075px;top:337px;">Total non-current assets </div><div id="a148198" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:396.915px;top:352.6px;">USD bn </div><div id="a148200" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:473.555px;top:352.6px;">Share % </div><div id="a148203" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.782px;top:352.6px;">USD bn </div><div id="a148205" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:647.688px;top:352.6px;">Share %<div style="display:inline-block;width:2.45px"> </div></div><div id="a148207" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:368.2px;">Americas</div><div id="a148209" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:36.342px;top:368.9px;">2</div><div id="a148212_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:368.2px;">13.2</div><div id="a148215_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:494.875px;top:368.2px;">39</div><div id="a148219_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:368.2px;">9.0</div><div id="a148222_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.995px;top:368.2px;">45</div><div id="a148225" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:384.8px;">Asia Pacific </div><div id="a148228_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.528px;top:384.8px;">6.1</div><div id="a148231_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:494.875px;top:384.8px;">18</div><div id="a148235_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:384.8px;">1.4</div><div id="a148238_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:384.8px;">7</div><div id="a148241" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:400.9px;">Europe, Middle East and Africa (excluding<div style="display:inline-block;width:3.89px"> </div>Switzerland) </div><div id="a148244_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.528px;top:400.9px;">6.5</div><div id="a148247_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:494.875px;top:400.9px;">20</div><div id="a148251_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:400.9px;">2.7</div><div id="a148254_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.995px;top:400.9px;">14</div><div id="a148257" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:417.5px;">Switzerland </div><div id="a148260_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.528px;top:417.5px;">7.1</div><div id="a148263_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:494.875px;top:417.5px;">21</div><div id="a148267_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:417.5px;">6.9</div><div id="a148270_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.995px;top:417.5px;">34</div><div id="a148273" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:433.5px;">Global </div><div id="a148276_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.528px;top:433.5px;">0.5</div><div id="a148279_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:499.595px;top:433.5px;">2</div><div id="a148283_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.395px;top:433.5px;">0.0</div><div id="a148286_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:433.5px;">0</div><div id="a148289" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:450.1px;">Total </div><div id="a148292_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:450.1px;">33.5</div><div id="a148295_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:489.635px;top:450.1px;">100</div><div id="a148299_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:577.195px;top:450.1px;">20.0</div><div id="a148302_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.795px;top:450.1px;">100</div><div id="a148305" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:465.6px;">1 During 2022, UBS AG changed<div style="display:inline-block;width:3.93px"> </div>the presentation of its Income<div style="display:inline-block;width:3.62px"> </div>statement. Total operating<div style="display:inline-block;width:3.94px"> </div>income was renamed<div style="display:inline-block;width:3.47px"> </div>Total revenues and<div style="display:inline-block;width:3.63px"> </div>excludes Credit loss<div style="display:inline-block;width:3.83px"> </div>expense / (release). Note 2b, including<div style="display:inline-block;width:4.46px"> </div>prior-period </div><div id="a148310" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:475.5px;">information, has been updated<div style="display:inline-block;width:3.48px"> </div>to reflect the new presentation<div style="display:inline-block;width:4.11px"> </div>structure, with the disclosure<div style="display:inline-block;width:3.94px"> </div>of Total revenues<div style="display:inline-block;width:3.46px"> </div>instead of Total operating<div style="display:inline-block;width:3.94px"> </div>income. Refer to<div style="display:inline-block;width:3.46px"> </div>Note 1b for more information.<div style="display:inline-block;width:9.76px"> </div>2 Predominantly related<div style="display:inline-block;width:3.87px"> </div>to </div><div id="a148314" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:485.5px;">the USA.</div></div> 13800000000 0.40 9000000000.0 0.48 5600000000 0.16 1500000000 0.08 7000000000.0 0.20 2600000000 0.14 7700000000 0.22 5600000000 0.30 800000000 0.02 0.0 0 34900000000 1 18700000000 1 14500000000 0.40 9000000000.0 0.47 6500000000 0.18 1400000000 0.07 7000000000.0 0.20 2600000000 0.13 7800000000 0.22 6300000000 0.33 100000000 0 0.0 0 35800000000 1 19300000000 1 13200000000 0.39 9000000000.0 0.45 6100000000 0.18 1400000000 0.07 6500000000 0.20 2700000000 0.14 7100000000 0.21 6900000000 0.34 500000000 0.02 0.0 0 33500000000 1 20000000000.0 1 <div id="TextBlockContainer1110" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:680px;height:29px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a148347" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 3<div style="display:inline-block;width:7.06px"> </div>Net interest<div style="display:inline-block;width:2.31px"> </div>income and other net<div style="display:inline-block;width:1.82px"> </div>income from financial<div style="display:inline-block;width:2.01px"> </div>instruments measured<div style="display:inline-block;width:1.9px"> </div>at fair value through </div><div id="a148350" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:15.6px;">profit or loss</div></div><div id="TextBlockContainer1113" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:678px;height:386px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a148354" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.257px;top:0px;">For the year ended </div><div id="a148356" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:12.8px;">USD m </div><div id="a148359" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:517.55px;top:12.8px;">31.12.22 </div><div id="a148361" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:12.8px;">31.12.21 </div><div id="a148363" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:637.724px;top:12.8px;">31.12.20 </div><div id="a148365" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:27.4px;">Net interest income from financial instruments measured<div style="display:inline-block;width:3.83px"> </div>at fair value through profit or<div style="display:inline-block;width:3.86px"> </div>loss and other </div><div id="a148368_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.364px;top:29.3px;">1,410</div><div id="a148371_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:29.3px;">1,437</div><div id="a148374_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:29.3px;">1,305</div><div id="a148377" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:42.6px;">Other net income from financial instruments measured<div style="display:inline-block;width:3.73px"> </div>at fair value through profit or<div style="display:inline-block;width:3.86px"> </div>loss </div><div id="a148381_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.364px;top:42.6px;">7,493</div><div id="a148384_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:42.6px;">5,844</div><div id="a148387_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:42.6px;">6,930</div><div id="a148390" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:55.8px;">of which: net gains / (losses) from financial liabilities designated<div style="display:inline-block;width:3.83px"> </div>at fair value</div><div id="a148391" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:289.484px;top:56.5px;">1</div><div id="a148394_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:524.644px;top:55.8px;">17,036</div><div id="a148397_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.257px;top:55.8px;display:flex;">(6,457)</div><div id="a148400_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:649.55px;top:55.8px;">1,625</div><div id="a148403" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:68.6px;">Total net income from<div style="display:inline-block;width:3.72px"> </div>financial instruments measured at fair value<div style="display:inline-block;width:4.02px"> </div>through profit or loss and other </div><div id="a148407" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.364px;top:68.6px;">8,903</div><div id="a148409" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:68.6px;">7,281</div><div id="a148411" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:68.6px;">8,235</div><div id="a148418" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:3.181px;top:94.5px;">Net interest income </div><div id="a148424" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:106.9px;">Interest income from loans and deposits</div><div id="a148425" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:147.99px;top:107.6px;">2</div><div id="a148428_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.364px;top:106.9px;">9,634</div><div id="a148431_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:106.9px;">6,489</div><div id="a148434_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:106.9px;">6,696</div><div id="a148437" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:120.2px;">Interest income from securities financing transactions<div style="display:inline-block;width:3.96px"> </div>measured at amortized cost</div><div id="a148438" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:298.937px;top:120.8px;">3</div><div id="a148441_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.364px;top:120.2px;">1,378</div><div id="a148444_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.55px;top:120.2px;">513</div><div id="a148447_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:120.2px;">862</div><div id="a148450" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:133.9px;">Interest income from other financial instruments measured<div style="display:inline-block;width:3.77px"> </div>at amortized cost </div><div id="a148453_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:536.457px;top:133.9px;">545</div><div id="a148456_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.55px;top:133.9px;">284</div><div id="a148459_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:133.9px;">335</div><div id="a148462" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:147.1px;">Interest income from debt instruments measured at fair<div style="display:inline-block;width:3.71px"> </div>value through other comprehensive<div style="display:inline-block;width:3.75px"> </div>income </div><div id="a148465_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:541.67px;top:147.1px;">74</div><div id="a148468_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.55px;top:147.1px;">115</div><div id="a148471_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:147.1px;">101</div><div id="a148474" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:160.4px;">Interest income from derivative instruments designated as<div style="display:inline-block;width:3.77px"> </div>cash flow hedges<div style="display:inline-block;width:3.6px"> </div></div><div id="a148477_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:536.457px;top:160.4px;">173</div><div id="a148480_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:160.4px;">1,133</div><div id="a148483_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:160.4px;">822</div><div id="a148486" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:173.1px;">Total interest income<div style="display:inline-block;width:3.78px"> </div>from financial instruments measured at<div style="display:inline-block;width:3.72px"> </div>amortized cost and fair value through<div style="display:inline-block;width:3.94px"> </div>other comprehensive income </div><div id="a148489_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:524.644px;top:173.1px;">11,803</div><div id="a148492_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:173.1px;">8,534</div><div id="a148495_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:173.1px;">8,816</div><div id="a148498" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:187.8px;">Interest expense on loans and deposits</div><div id="a148499" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:143.724px;top:188.5px;">4</div><div id="a148502_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.364px;top:187.8px;">4,488</div><div id="a148505_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:187.8px;">1,655</div><div id="a148508_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:187.8px;">2,440</div><div id="a148511" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:203px;">Interest expense on securities financing transactions<div style="display:inline-block;width:3.95px"> </div>measured at amortized cost</div><div id="a148512" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:294.684px;top:203.6px;">5</div><div id="a148515_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.364px;top:203px;">1,089</div><div id="a148518_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:203px;">1,102</div><div id="a148521_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:203px;">870</div><div id="a148524" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:216.2px;">Interest expense on debt issued </div><div id="a148527_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.364px;top:216.2px;">1,031</div><div id="a148530_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.55px;top:216.2px;">512</div><div id="a148533_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:216.2px;">918</div><div id="a148536" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:229.9px;">Interest expense on lease liabilities </div><div id="a148540_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:541.67px;top:229.9px;">88</div><div id="a148543_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.79px;top:229.9px;">98</div><div id="a148546_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:229.9px;">105</div><div id="a148549" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:242.2px;">Total interest expense<div style="display:inline-block;width:3.8px"> </div>from financial instruments measured at<div style="display:inline-block;width:3.72px"> </div>amortized cost </div><div id="a148552_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.364px;top:242.2px;">6,696</div><div id="a148555_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:242.2px;">3,366</div><div id="a148558_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:242.2px;">4,333</div><div id="a148561" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:255px;">Total net interest income<div style="display:inline-block;width:4.02px"> </div>from financial instruments measured at amortized<div style="display:inline-block;width:3.81px"> </div>cost and fair value through<div style="display:inline-block;width:3.9px"> </div>other comprehensive income </div><div id="a148565_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.364px;top:255.5px;">5,108</div><div id="a148568_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:255.5px;">5,168</div><div id="a148571_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:255.5px;">4,483</div><div id="a148574" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:268.3px;">Total net interest income<div style="display:inline-block;width:4.02px"> </div>from financial instruments measured at<div style="display:inline-block;width:3.74px"> </div>fair value through profit or loss and other </div><div id="a148577_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.364px;top:268.3px;">1,410</div><div id="a148580_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:268.3px;">1,437</div><div id="a148583_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:268.3px;">1,305</div><div id="a148586" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:282px;">Total net interest income </div><div id="a148589_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.364px;top:282px;">6,517</div><div id="a148592_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:282px;">6,605</div><div id="a148595_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:282px;">5,788</div><div id="a148598" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:295.6px;">1 Excludes fair value changes of hedges related to financial liabilities designated at fair value and foreign currency translation effects arising from translating<div style="display:inline-block;width:3.47px"> </div>foreign currency transactions into the respective functional </div><div id="a148600" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:306px;">currency,<div style="display:inline-block;width:3.39px"> </div>both of which<div style="display:inline-block;width:4.57px"> </div>are reported<div style="display:inline-block;width:3.7px"> </div>within Other<div style="display:inline-block;width:4.4px"> </div>net income<div style="display:inline-block;width:3.62px"> </div>from financial<div style="display:inline-block;width:3.94px"> </div>instruments<div style="display:inline-block;width:3.61px"> </div>measured at<div style="display:inline-block;width:3.79px"> </div>fair value<div style="display:inline-block;width:3.78px"> </div>through<div style="display:inline-block;width:3.46px"> </div>profit or<div style="display:inline-block;width:3.46px"> </div>loss. 2022<div style="display:inline-block;width:4.14px"> </div>included<div style="display:inline-block;width:3.78px"> </div>net gains<div style="display:inline-block;width:3.57px"> </div>of USD </div><div id="a148600_166_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:543.086px;top:306px;">4,112</div><div id="a148600_171_21" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:562.002px;top:306px;">m (net<div style="display:inline-block;width:3.63px"> </div>losses of<div style="display:inline-block;width:3.77px"> </div>USD </div><div id="a148600_192_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:631.991px;top:306px;">2,068</div><div id="a148600_197_6" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:650.907px;top:306px;">m and </div><div id="a148603" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:315.9px;">USD </div><div id="a148603_4_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.314px;top:315.9px;">72</div><div id="a148603_6_208" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:26.827px;top:315.9px;">m in 2021 and 2020, respectively), driven by financial liabilities related to unit-linked investment contracts, which are designated at fair value through profit or loss. This was offset by net losses of USD </div><div id="a148603_214_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:646.244px;top:315.9px;">4,112</div><div id="a148603_219_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:665.633px;top:315.9px;">m </div><div id="a148611" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:325.9px;">(net gains of USD </div><div id="a148611_18_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:60.402px;top:325.9px;">2,068</div><div id="a148611_23_10" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:79.318px;top:325.9px;">m and USD </div><div id="a148611_33_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:117.15px;top:325.9px;">72</div><div id="a148611_35_176" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:125.663px;top:325.9px;">m in 2021 and<div style="display:inline-block;width:3.53px"> </div>2020, respectively),<div style="display:inline-block;width:3.52px"> </div>related to financial<div style="display:inline-block;width:3.64px"> </div>assets for unit-linked<div style="display:inline-block;width:4.17px"> </div>investment contracts<div style="display:inline-block;width:3.92px"> </div>that are mandatorily<div style="display:inline-block;width:3.79px"> </div>measured at fair<div style="display:inline-block;width:3.49px"> </div>value through<div style="display:inline-block;width:3.61px"> </div>profit or loss not<div style="display:inline-block;width:3.44px"> </div>held </div><div id="a148615" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:336.3px;">for trading.<div style="display:inline-block;width:10.88px"> </div>2 Consists<div style="display:inline-block;width:4.26px"> </div>of interest income<div style="display:inline-block;width:4.08px"> </div>from cash<div style="display:inline-block;width:3.78px"> </div>and balances<div style="display:inline-block;width:3.8px"> </div>at central<div style="display:inline-block;width:3.63px"> </div>banks, loans<div style="display:inline-block;width:4.11px"> </div>and advances<div style="display:inline-block;width:3.79px"> </div>to banks<div style="display:inline-block;width:3.63px"> </div>and custom<div style="display:inline-block;width:1.67px"> </div>ers, and<div style="display:inline-block;width:3.48px"> </div>cash collateral<div style="display:inline-block;width:4.26px"> </div>receivables on<div style="display:inline-block;width:4.14px"> </div>derivative instruments,<div style="display:inline-block;width:4.7px"> </div>as well<div style="display:inline-block;width:3.63px"> </div>as negative </div><div id="a148619" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:346.2px;">interest on amounts due to banks, customer deposits, and cash collateral payables on derivative instruments.<div style="display:inline-block;width:8.82px"> </div>3 Includes negative interest, including fees,<div style="display:inline-block;width:3.76px"> </div>on payables from securities financing transactions measured </div><div id="a148622" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:356.6px;">at amortized cost.<div style="display:inline-block;width:8.35px"> </div>4 Consists of interest expense<div style="display:inline-block;width:3.95px"> </div>on amounts due to banks, cash collateral<div style="display:inline-block;width:4.26px"> </div>payables on derivative<div style="display:inline-block;width:3.45px"> </div>instruments, customer<div style="display:inline-block;width:3.55px"> </div>deposits, and funding from<div style="display:inline-block;width:3.95px"> </div>UBS Group AG measured<div style="display:inline-block;width:3.46px"> </div>at amortized cost, as </div><div id="a148624" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:366.5px;">well as negative interest on cash and<div style="display:inline-block;width:3.81px"> </div>balances at central<div style="display:inline-block;width:3.56px"> </div>banks, loans and advances<div style="display:inline-block;width:3.96px"> </div>to banks, and cash<div style="display:inline-block;width:3.5px"> </div>collateral receivables<div style="display:inline-block;width:3.77px"> </div>on derivative instruments.<div style="display:inline-block;width:10.37px"> </div>5 Includes negative interest,<div style="display:inline-block;width:3.74px"> </div>including fees,<div style="display:inline-block;width:3.48px"> </div>on receivables </div><div id="a148627" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:377px;">from securities financing transactions<div style="display:inline-block;width:4.09px"> </div>measured at amortized cost.</div></div> <div id="TextBlockContainer1114" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:678px;height:386px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1112_XBRL_TS_24c00c35e2fa43be86c4e6663eab1b80" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1113" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:678px;height:386px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a148354" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.257px;top:0px;">For the year ended </div><div id="a148356" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:12.8px;">USD m </div><div id="a148359" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:517.55px;top:12.8px;">31.12.22 </div><div id="a148361" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:12.8px;">31.12.21 </div><div id="a148363" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:637.724px;top:12.8px;">31.12.20 </div><div id="a148365" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:27.4px;">Net interest income from financial instruments measured<div style="display:inline-block;width:3.83px"> </div>at fair value through profit or<div style="display:inline-block;width:3.86px"> </div>loss and other </div><div id="a148368_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.364px;top:29.3px;">1,410</div><div id="a148371_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:29.3px;">1,437</div><div id="a148374_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:29.3px;">1,305</div><div id="a148377" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:42.6px;">Other net income from financial instruments measured<div style="display:inline-block;width:3.73px"> </div>at fair value through profit or<div style="display:inline-block;width:3.86px"> </div>loss </div><div id="a148381_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.364px;top:42.6px;">7,493</div><div id="a148384_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:42.6px;">5,844</div><div id="a148387_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:42.6px;">6,930</div><div id="a148390" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:55.8px;">of which: net gains / (losses) from financial liabilities designated<div style="display:inline-block;width:3.83px"> </div>at fair value</div><div id="a148391" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:289.484px;top:56.5px;">1</div><div id="a148394_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:524.644px;top:55.8px;">17,036</div><div id="a148397_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.257px;top:55.8px;display:flex;">(6,457)</div><div id="a148400_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:649.55px;top:55.8px;">1,625</div><div id="a148403" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:68.6px;">Total net income from<div style="display:inline-block;width:3.72px"> </div>financial instruments measured at fair value<div style="display:inline-block;width:4.02px"> </div>through profit or loss and other </div><div id="a148407" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.364px;top:68.6px;">8,903</div><div id="a148409" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:68.6px;">7,281</div><div id="a148411" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:68.6px;">8,235</div><div id="a148418" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:3.181px;top:94.5px;">Net interest income </div><div id="a148424" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:106.9px;">Interest income from loans and deposits</div><div id="a148425" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:147.99px;top:107.6px;">2</div><div id="a148428_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.364px;top:106.9px;">9,634</div><div id="a148431_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:106.9px;">6,489</div><div id="a148434_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:106.9px;">6,696</div><div id="a148437" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:120.2px;">Interest income from securities financing transactions<div style="display:inline-block;width:3.96px"> </div>measured at amortized cost</div><div id="a148438" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:298.937px;top:120.8px;">3</div><div id="a148441_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.364px;top:120.2px;">1,378</div><div id="a148444_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.55px;top:120.2px;">513</div><div id="a148447_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:120.2px;">862</div><div id="a148450" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:133.9px;">Interest income from other financial instruments measured<div style="display:inline-block;width:3.77px"> </div>at amortized cost </div><div id="a148453_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:536.457px;top:133.9px;">545</div><div id="a148456_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.55px;top:133.9px;">284</div><div id="a148459_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:133.9px;">335</div><div id="a148462" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:147.1px;">Interest income from debt instruments measured at fair<div style="display:inline-block;width:3.71px"> </div>value through other comprehensive<div style="display:inline-block;width:3.75px"> </div>income </div><div id="a148465_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:541.67px;top:147.1px;">74</div><div id="a148468_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.55px;top:147.1px;">115</div><div id="a148471_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:147.1px;">101</div><div id="a148474" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:160.4px;">Interest income from derivative instruments designated as<div style="display:inline-block;width:3.77px"> </div>cash flow hedges<div style="display:inline-block;width:3.6px"> </div></div><div id="a148477_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:536.457px;top:160.4px;">173</div><div id="a148480_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:160.4px;">1,133</div><div id="a148483_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:160.4px;">822</div><div id="a148486" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:173.1px;">Total interest income<div style="display:inline-block;width:3.78px"> </div>from financial instruments measured at<div style="display:inline-block;width:3.72px"> </div>amortized cost and fair value through<div style="display:inline-block;width:3.94px"> </div>other comprehensive income </div><div id="a148489_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:524.644px;top:173.1px;">11,803</div><div id="a148492_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:173.1px;">8,534</div><div id="a148495_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:173.1px;">8,816</div><div id="a148498" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:187.8px;">Interest expense on loans and deposits</div><div id="a148499" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:143.724px;top:188.5px;">4</div><div id="a148502_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.364px;top:187.8px;">4,488</div><div id="a148505_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:187.8px;">1,655</div><div id="a148508_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:187.8px;">2,440</div><div id="a148511" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:203px;">Interest expense on securities financing transactions<div style="display:inline-block;width:3.95px"> </div>measured at amortized cost</div><div id="a148512" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:294.684px;top:203.6px;">5</div><div id="a148515_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.364px;top:203px;">1,089</div><div id="a148518_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:203px;">1,102</div><div id="a148521_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:203px;">870</div><div id="a148524" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:216.2px;">Interest expense on debt issued </div><div id="a148527_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.364px;top:216.2px;">1,031</div><div id="a148530_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.55px;top:216.2px;">512</div><div id="a148533_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:216.2px;">918</div><div id="a148536" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:229.9px;">Interest expense on lease liabilities </div><div id="a148540_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:541.67px;top:229.9px;">88</div><div id="a148543_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.79px;top:229.9px;">98</div><div id="a148546_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:229.9px;">105</div><div id="a148549" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:242.2px;">Total interest expense<div style="display:inline-block;width:3.8px"> </div>from financial instruments measured at<div style="display:inline-block;width:3.72px"> </div>amortized cost </div><div id="a148552_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.364px;top:242.2px;">6,696</div><div id="a148555_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:242.2px;">3,366</div><div id="a148558_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:242.2px;">4,333</div><div id="a148561" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:255px;">Total net interest income<div style="display:inline-block;width:4.02px"> </div>from financial instruments measured at amortized<div style="display:inline-block;width:3.81px"> </div>cost and fair value through<div style="display:inline-block;width:3.9px"> </div>other comprehensive income </div><div id="a148565_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.364px;top:255.5px;">5,108</div><div id="a148568_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:255.5px;">5,168</div><div id="a148571_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:255.5px;">4,483</div><div id="a148574" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:268.3px;">Total net interest income<div style="display:inline-block;width:4.02px"> </div>from financial instruments measured at<div style="display:inline-block;width:3.74px"> </div>fair value through profit or loss and other </div><div id="a148577_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.364px;top:268.3px;">1,410</div><div id="a148580_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:268.3px;">1,437</div><div id="a148583_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:268.3px;">1,305</div><div id="a148586" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:282px;">Total net interest income </div><div id="a148589_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.364px;top:282px;">6,517</div><div id="a148592_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.457px;top:282px;">6,605</div><div id="a148595_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:282px;">5,788</div><div id="a148598" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:295.6px;">1 Excludes fair value changes of hedges related to financial liabilities designated at fair value and foreign currency translation effects arising from translating<div style="display:inline-block;width:3.47px"> </div>foreign currency transactions into the respective functional </div><div id="a148600" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:306px;">currency,<div style="display:inline-block;width:3.39px"> </div>both of which<div style="display:inline-block;width:4.57px"> </div>are reported<div style="display:inline-block;width:3.7px"> </div>within Other<div style="display:inline-block;width:4.4px"> </div>net income<div style="display:inline-block;width:3.62px"> </div>from financial<div style="display:inline-block;width:3.94px"> </div>instruments<div style="display:inline-block;width:3.61px"> </div>measured at<div style="display:inline-block;width:3.79px"> </div>fair value<div style="display:inline-block;width:3.78px"> </div>through<div style="display:inline-block;width:3.46px"> </div>profit or<div style="display:inline-block;width:3.46px"> </div>loss. 2022<div style="display:inline-block;width:4.14px"> </div>included<div style="display:inline-block;width:3.78px"> </div>net gains<div style="display:inline-block;width:3.57px"> </div>of USD </div><div id="a148600_166_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:543.086px;top:306px;">4,112</div><div id="a148600_171_21" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:562.002px;top:306px;">m (net<div style="display:inline-block;width:3.63px"> </div>losses of<div style="display:inline-block;width:3.77px"> </div>USD </div><div id="a148600_192_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:631.991px;top:306px;">2,068</div><div id="a148600_197_6" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:650.907px;top:306px;">m and </div><div id="a148603" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:315.9px;">USD </div><div id="a148603_4_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.314px;top:315.9px;">72</div><div id="a148603_6_208" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:26.827px;top:315.9px;">m in 2021 and 2020, respectively), driven by financial liabilities related to unit-linked investment contracts, which are designated at fair value through profit or loss. This was offset by net losses of USD </div><div id="a148603_214_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:646.244px;top:315.9px;">4,112</div><div id="a148603_219_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:665.633px;top:315.9px;">m </div><div id="a148611" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:325.9px;">(net gains of USD </div><div id="a148611_18_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:60.402px;top:325.9px;">2,068</div><div id="a148611_23_10" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:79.318px;top:325.9px;">m and USD </div><div id="a148611_33_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:117.15px;top:325.9px;">72</div><div id="a148611_35_176" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:125.663px;top:325.9px;">m in 2021 and<div style="display:inline-block;width:3.53px"> </div>2020, respectively),<div style="display:inline-block;width:3.52px"> </div>related to financial<div style="display:inline-block;width:3.64px"> </div>assets for unit-linked<div style="display:inline-block;width:4.17px"> </div>investment contracts<div style="display:inline-block;width:3.92px"> </div>that are mandatorily<div style="display:inline-block;width:3.79px"> </div>measured at fair<div style="display:inline-block;width:3.49px"> </div>value through<div style="display:inline-block;width:3.61px"> </div>profit or loss not<div style="display:inline-block;width:3.44px"> </div>held </div><div id="a148615" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:336.3px;">for trading.<div style="display:inline-block;width:10.88px"> </div>2 Consists<div style="display:inline-block;width:4.26px"> </div>of interest income<div style="display:inline-block;width:4.08px"> </div>from cash<div style="display:inline-block;width:3.78px"> </div>and balances<div style="display:inline-block;width:3.8px"> </div>at central<div style="display:inline-block;width:3.63px"> </div>banks, loans<div style="display:inline-block;width:4.11px"> </div>and advances<div style="display:inline-block;width:3.79px"> </div>to banks<div style="display:inline-block;width:3.63px"> </div>and custom<div style="display:inline-block;width:1.67px"> </div>ers, and<div style="display:inline-block;width:3.48px"> </div>cash collateral<div style="display:inline-block;width:4.26px"> </div>receivables on<div style="display:inline-block;width:4.14px"> </div>derivative instruments,<div style="display:inline-block;width:4.7px"> </div>as well<div style="display:inline-block;width:3.63px"> </div>as negative </div><div id="a148619" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:346.2px;">interest on amounts due to banks, customer deposits, and cash collateral payables on derivative instruments.<div style="display:inline-block;width:8.82px"> </div>3 Includes negative interest, including fees,<div style="display:inline-block;width:3.76px"> </div>on payables from securities financing transactions measured </div><div id="a148622" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:356.6px;">at amortized cost.<div style="display:inline-block;width:8.35px"> </div>4 Consists of interest expense<div style="display:inline-block;width:3.95px"> </div>on amounts due to banks, cash collateral<div style="display:inline-block;width:4.26px"> </div>payables on derivative<div style="display:inline-block;width:3.45px"> </div>instruments, customer<div style="display:inline-block;width:3.55px"> </div>deposits, and funding from<div style="display:inline-block;width:3.95px"> </div>UBS Group AG measured<div style="display:inline-block;width:3.46px"> </div>at amortized cost, as </div><div id="a148624" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:366.5px;">well as negative interest on cash and<div style="display:inline-block;width:3.81px"> </div>balances at central<div style="display:inline-block;width:3.56px"> </div>banks, loans and advances<div style="display:inline-block;width:3.96px"> </div>to banks, and cash<div style="display:inline-block;width:3.5px"> </div>collateral receivables<div style="display:inline-block;width:3.77px"> </div>on derivative instruments.<div style="display:inline-block;width:10.37px"> </div>5 Includes negative interest,<div style="display:inline-block;width:3.74px"> </div>including fees,<div style="display:inline-block;width:3.48px"> </div>on receivables </div><div id="a148627" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:377px;">from securities financing transactions<div style="display:inline-block;width:4.09px"> </div>measured at amortized cost.</div></div></div></div> 1410000000 1437000000 1305000000 7493000000 5844000000 6930000000 17036000000 -6457000000 1625000000 8903000000 7281000000 8235000000 9634000000 6489000000 6696000000 1378000000 513000000 862000000 545000000 284000000 335000000 74000000 115000000 101000000 173000000 1133000000 822000000 11803000000 8534000000 8816000000 4488000000 1655000000 2440000000 1089000000 1102000000 870000000 1031000000 512000000 918000000 88000000 98000000 105000000 6696000000 3366000000 4333000000 5108000000 5168000000 4483000000 1410000000 1437000000 1305000000 6517000000 6605000000 5788000000 4112000000 2068000000 72000000 4112000000 2068000000 72000000 <div id="TextBlockContainer1116" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:255px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a148633" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 4<div style="display:inline-block;width:8px"> </div>Net fee and commission income</div></div><div id="TextBlockContainer1119" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:265px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a148638" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:545.444px;top:0px;">For the year ended </div><div id="a148640" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:15.6px;">USD m </div><div id="a148643" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:509.51px;top:15.6px;">31.12.22 </div><div id="a148645" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.164px;top:15.6px;">31.12.21 </div><div id="a148647" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:15.6px;">31.12.20 </div><div id="a148649" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:32.1px;">Underwriting fees </div><div id="a148652_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:528.417px;top:32.1px;">633</div><div id="a148655_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.99px;top:32.1px;">1,512</div><div id="a148658_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:32.1px;">1,104</div><div id="a148661" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.2px;">M&amp;A and corporate finance fees </div><div id="a148664_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:528.417px;top:48.2px;">804</div><div id="a148667_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.99px;top:48.2px;">1,102</div><div id="a148670_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:48.2px;">736</div><div id="a148673" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:64.8px;">Brokerage fees </div><div id="a148676_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:521.324px;top:64.8px;">3,487</div><div id="a148679_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.99px;top:64.8px;">4,383</div><div id="a148682_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:64.8px;">4,132</div><div id="a148685" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:80.9px;">Investment fund fees </div><div id="a148688_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:521.324px;top:80.9px;">4,942</div><div id="a148691_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.99px;top:80.9px;">5,790</div><div id="a148694_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:80.9px;">5,289</div><div id="a148697" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:97.4px;">Portfolio management and related services </div><div id="a148700_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:521.324px;top:97.4px;">9,059</div><div id="a148703_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.99px;top:97.4px;">9,762</div><div id="a148706_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:97.4px;">8,009</div><div id="a148709" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.5px;">Other </div><div id="a148712_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:521.324px;top:113.5px;">1,921</div><div id="a148715_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.99px;top:113.5px;">1,874</div><div id="a148718_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:113.5px;">1,712</div><div id="a148721" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:129.1px;">Total fee and commission<div style="display:inline-block;width:3.96px"> </div>income</div><div id="a148722" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:124.777px;top:129.8px;">1</div><div id="a148725_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.604px;top:129.1px;">20,846</div><div id="a148728_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.257px;top:129.1px;">24,422</div><div id="a148731_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:129.1px;">20,982</div><div id="a148734" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:145.7px;">of which: recurring </div><div id="a148737_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:516.604px;top:145.7px;">14,229</div><div id="a148740_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.257px;top:145.7px;">15,410</div><div id="a148743_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.95px;top:145.7px;">13,010</div><div id="a148746" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:162.3px;">of which: transaction-based </div><div id="a148752_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:521.324px;top:162.3px;">6,550</div><div id="a148755_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:588.99px;top:162.3px;">8,743</div><div id="a148758_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:162.3px;">7,512</div><div id="a148761" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:178.3px;">of which: performance-based </div><div id="a148766_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:533.63px;top:178.3px;">68</div><div id="a148769_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.084px;top:178.3px;">269</div><div id="a148772_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.764px;top:178.3px;">461</div><div id="a148775" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:194.9px;">Fee and commission expense </div><div id="a148778_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:521.324px;top:194.9px;">1,823</div><div id="a148781_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.99px;top:194.9px;">1,985</div><div id="a148784_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:194.9px;">1,775</div><div id="a148787" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:211px;">Net fee and commission income </div><div id="a148790_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.604px;top:211px;">19,023</div><div id="a148793_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.257px;top:211px;">22,438</div><div id="a148796_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:211px;">19,207</div><div id="a148799" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:226.5px;">1 For the<div style="display:inline-block;width:3.64px"> </div>year ended 31<div style="display:inline-block;width:3.99px"> </div>December 2022,<div style="display:inline-block;width:3.99px"> </div>reflects third-party<div style="display:inline-block;width:4.08px"> </div>fee and commission<div style="display:inline-block;width:4.4px"> </div>income of<div style="display:inline-block;width:3.61px"> </div>USD </div><div id="a148799_93_6" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:314.002px;top:226.5px;">12,990</div><div id="a148799_99_36" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:337.175px;top:226.5px;">m for Global<div style="display:inline-block;width:3.93px"> </div>Wealth Management,<div style="display:inline-block;width:4.27px"> </div>USD </div><div id="a148799_135_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:467.223px;top:226.5px;">1,657</div><div id="a148799_140_40" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:486.139px;top:226.5px;">m for Personal<div style="display:inline-block;width:4.25px"> </div>&amp; Corporate<div style="display:inline-block;width:3.46px"> </div>Banking, USD </div><div id="a148799_180_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:622.59px;top:226.5px;">2,840</div><div id="a148799_185_12" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:641.507px;top:226.5px;">m for Asset </div><div id="a148804" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:236.4px;">Management, USD </div><div id="a148804_16_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:64.185px;top:236.4px;">3,350</div><div id="a148804_21_34" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:83.575px;top:236.4px;">m for the Investment Bank and<div style="display:inline-block;width:3.64px"> </div>USD </div><div id="a148804_55_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:198.49px;top:236.4px;">10</div><div id="a148804_57_64" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:207.002px;top:236.4px;">m for Group Functions (for<div style="display:inline-block;width:3.77px"> </div>the year ended 31 December<div style="display:inline-block;width:3.52px"> </div>2021: USD </div><div id="a148804_121_6" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:421.828px;top:236.4px;">14,545</div><div id="a148804_127_36" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:445px;top:236.4px;">m for Global<div style="display:inline-block;width:3.46px"> </div>Wealth Management, USD </div><div id="a148804_163_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:572.684px;top:236.4px;">1,645</div><div id="a148804_168_27" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:592.073px;top:236.4px;">m for Personal &amp; Corporate </div><div id="a148808" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:246.8px;">Banking, USD </div><div id="a148808_13_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:49.525px;top:246.8px;">3,337</div><div id="a148808_18_28" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:68.442px;top:246.8px;">m for<div style="display:inline-block;width:3.93px"> </div>Asset Management,<div style="display:inline-block;width:4.74px"> </div>USD </div><div id="a148808_46_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:171.534px;top:246.8px;">4,863</div><div id="a148808_51_34" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:190.45px;top:246.8px;">m for<div style="display:inline-block;width:3.46px"> </div>the Investment<div style="display:inline-block;width:4.25px"> </div>Bank and<div style="display:inline-block;width:4.27px"> </div>USD </div><div id="a148808_85_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:310.095px;top:246.8px;">33</div><div id="a148808_87_64" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:318.607px;top:246.8px;">m for<div style="display:inline-block;width:3.93px"> </div>Group Functions;<div style="display:inline-block;width:4.41px"> </div>for the<div style="display:inline-block;width:4.1px"> </div>year<div style="display:inline-block;width:3.41px"> </div>ended 31<div style="display:inline-block;width:3.82px"> </div>December 2020:<div style="display:inline-block;width:4.47px"> </div>USD </div><div id="a148808_151_6" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:542.066px;top:246.8px;">12,475</div><div id="a148808_157_32" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:565.239px;top:246.8px;">m for<div style="display:inline-block;width:3.46px"> </div>Global<div style="display:inline-block;width:3.46px"> </div>Wealth Management, </div><div id="a148810" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:256.8px;">USD </div><div id="a148810_4_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.314px;top:256.8px;">1,427</div><div id="a148810_9_40" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:37.231px;top:256.8px;">m for Personal &amp; Corporate<div style="display:inline-block;width:3.77px"> </div>Banking, USD </div><div id="a148810_49_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:170.589px;top:256.8px;">3,129</div><div id="a148810_54_28" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:189.978px;top:256.8px;">m for Asset Management, USD </div><div id="a148810_82_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:288.815px;top:256.8px;">3,901</div><div id="a148810_87_34" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:308.204px;top:256.8px;">m for the Investment Bank and<div style="display:inline-block;width:3.63px"> </div>USD </div><div id="a148810_121_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:422.646px;top:256.8px;">50</div><div id="a148810_123_23" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:431.631px;top:256.8px;">m for Group Functions).</div></div> <div id="TextBlockContainer1120" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:265px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1118_XBRL_TS_879c0fb1d1ae4a9ab444c224679eabb8" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1119" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:265px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a148638" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:545.444px;top:0px;">For the year ended </div><div id="a148640" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:15.6px;">USD m </div><div id="a148643" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:509.51px;top:15.6px;">31.12.22 </div><div id="a148645" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.164px;top:15.6px;">31.12.21 </div><div id="a148647" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:15.6px;">31.12.20 </div><div id="a148649" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:32.1px;">Underwriting fees </div><div id="a148652_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:528.417px;top:32.1px;">633</div><div id="a148655_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.99px;top:32.1px;">1,512</div><div id="a148658_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:32.1px;">1,104</div><div id="a148661" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.2px;">M&amp;A and corporate finance fees </div><div id="a148664_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:528.417px;top:48.2px;">804</div><div id="a148667_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.99px;top:48.2px;">1,102</div><div id="a148670_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:48.2px;">736</div><div id="a148673" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:64.8px;">Brokerage fees </div><div id="a148676_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:521.324px;top:64.8px;">3,487</div><div id="a148679_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.99px;top:64.8px;">4,383</div><div id="a148682_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:64.8px;">4,132</div><div id="a148685" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:80.9px;">Investment fund fees </div><div id="a148688_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:521.324px;top:80.9px;">4,942</div><div id="a148691_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.99px;top:80.9px;">5,790</div><div id="a148694_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:80.9px;">5,289</div><div id="a148697" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:97.4px;">Portfolio management and related services </div><div id="a148700_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:521.324px;top:97.4px;">9,059</div><div id="a148703_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.99px;top:97.4px;">9,762</div><div id="a148706_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:97.4px;">8,009</div><div id="a148709" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.5px;">Other </div><div id="a148712_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:521.324px;top:113.5px;">1,921</div><div id="a148715_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.99px;top:113.5px;">1,874</div><div id="a148718_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:113.5px;">1,712</div><div id="a148721" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:129.1px;">Total fee and commission<div style="display:inline-block;width:3.96px"> </div>income</div><div id="a148722" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:124.777px;top:129.8px;">1</div><div id="a148725_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.604px;top:129.1px;">20,846</div><div id="a148728_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.257px;top:129.1px;">24,422</div><div id="a148731_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:129.1px;">20,982</div><div id="a148734" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:145.7px;">of which: recurring </div><div id="a148737_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:516.604px;top:145.7px;">14,229</div><div id="a148740_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.257px;top:145.7px;">15,410</div><div id="a148743_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.95px;top:145.7px;">13,010</div><div id="a148746" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:162.3px;">of which: transaction-based </div><div id="a148752_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:521.324px;top:162.3px;">6,550</div><div id="a148755_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:588.99px;top:162.3px;">8,743</div><div id="a148758_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:162.3px;">7,512</div><div id="a148761" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:178.3px;">of which: performance-based </div><div id="a148766_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:533.63px;top:178.3px;">68</div><div id="a148769_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.084px;top:178.3px;">269</div><div id="a148772_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.764px;top:178.3px;">461</div><div id="a148775" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:194.9px;">Fee and commission expense </div><div id="a148778_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:521.324px;top:194.9px;">1,823</div><div id="a148781_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.99px;top:194.9px;">1,985</div><div id="a148784_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:194.9px;">1,775</div><div id="a148787" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:211px;">Net fee and commission income </div><div id="a148790_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.604px;top:211px;">19,023</div><div id="a148793_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.257px;top:211px;">22,438</div><div id="a148796_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:211px;">19,207</div><div id="a148799" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:226.5px;">1 For the<div style="display:inline-block;width:3.64px"> </div>year ended 31<div style="display:inline-block;width:3.99px"> </div>December 2022,<div style="display:inline-block;width:3.99px"> </div>reflects third-party<div style="display:inline-block;width:4.08px"> </div>fee and commission<div style="display:inline-block;width:4.4px"> </div>income of<div style="display:inline-block;width:3.61px"> </div>USD </div><div id="a148799_93_6" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:314.002px;top:226.5px;">12,990</div><div id="a148799_99_36" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:337.175px;top:226.5px;">m for Global<div style="display:inline-block;width:3.93px"> </div>Wealth Management,<div style="display:inline-block;width:4.27px"> </div>USD </div><div id="a148799_135_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:467.223px;top:226.5px;">1,657</div><div id="a148799_140_40" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:486.139px;top:226.5px;">m for Personal<div style="display:inline-block;width:4.25px"> </div>&amp; Corporate<div style="display:inline-block;width:3.46px"> </div>Banking, USD </div><div id="a148799_180_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:622.59px;top:226.5px;">2,840</div><div id="a148799_185_12" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:641.507px;top:226.5px;">m for Asset </div><div id="a148804" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:236.4px;">Management, USD </div><div id="a148804_16_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:64.185px;top:236.4px;">3,350</div><div id="a148804_21_34" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:83.575px;top:236.4px;">m for the Investment Bank and<div style="display:inline-block;width:3.64px"> </div>USD </div><div id="a148804_55_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:198.49px;top:236.4px;">10</div><div id="a148804_57_64" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:207.002px;top:236.4px;">m for Group Functions (for<div style="display:inline-block;width:3.77px"> </div>the year ended 31 December<div style="display:inline-block;width:3.52px"> </div>2021: USD </div><div id="a148804_121_6" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:421.828px;top:236.4px;">14,545</div><div id="a148804_127_36" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:445px;top:236.4px;">m for Global<div style="display:inline-block;width:3.46px"> </div>Wealth Management, USD </div><div id="a148804_163_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:572.684px;top:236.4px;">1,645</div><div id="a148804_168_27" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:592.073px;top:236.4px;">m for Personal &amp; Corporate </div><div id="a148808" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:246.8px;">Banking, USD </div><div id="a148808_13_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:49.525px;top:246.8px;">3,337</div><div id="a148808_18_28" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:68.442px;top:246.8px;">m for<div style="display:inline-block;width:3.93px"> </div>Asset Management,<div style="display:inline-block;width:4.74px"> </div>USD </div><div id="a148808_46_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:171.534px;top:246.8px;">4,863</div><div id="a148808_51_34" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:190.45px;top:246.8px;">m for<div style="display:inline-block;width:3.46px"> </div>the Investment<div style="display:inline-block;width:4.25px"> </div>Bank and<div style="display:inline-block;width:4.27px"> </div>USD </div><div id="a148808_85_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:310.095px;top:246.8px;">33</div><div id="a148808_87_64" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:318.607px;top:246.8px;">m for<div style="display:inline-block;width:3.93px"> </div>Group Functions;<div style="display:inline-block;width:4.41px"> </div>for the<div style="display:inline-block;width:4.1px"> </div>year<div style="display:inline-block;width:3.41px"> </div>ended 31<div style="display:inline-block;width:3.82px"> </div>December 2020:<div style="display:inline-block;width:4.47px"> </div>USD </div><div id="a148808_151_6" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:542.066px;top:246.8px;">12,475</div><div id="a148808_157_32" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:565.239px;top:246.8px;">m for<div style="display:inline-block;width:3.46px"> </div>Global<div style="display:inline-block;width:3.46px"> </div>Wealth Management, </div><div id="a148810" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:256.8px;">USD </div><div id="a148810_4_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.314px;top:256.8px;">1,427</div><div id="a148810_9_40" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:37.231px;top:256.8px;">m for Personal &amp; Corporate<div style="display:inline-block;width:3.77px"> </div>Banking, USD </div><div id="a148810_49_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:170.589px;top:256.8px;">3,129</div><div id="a148810_54_28" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:189.978px;top:256.8px;">m for Asset Management, USD </div><div id="a148810_82_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:288.815px;top:256.8px;">3,901</div><div id="a148810_87_34" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:308.204px;top:256.8px;">m for the Investment Bank and<div style="display:inline-block;width:3.63px"> </div>USD </div><div id="a148810_121_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:422.646px;top:256.8px;">50</div><div id="a148810_123_23" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:431.631px;top:256.8px;">m for Group Functions).</div></div></div></div> 633000000 1512000000 1104000000 804000000 1102000000 736000000 3487000000 4383000000 4132000000 4942000000 5790000000 5289000000 9059000000 9762000000 8009000000 1921000000 1874000000 1712000000 20846000000 24422000000 20982000000 14229000000 15410000000 13010000000 6550000000 8743000000 7512000000 68000000 269000000 461000000 1823000000 1985000000 1775000000 19023000000 22438000000 19207000000 12990000000 1657000000 2840000000 3350000000 10000000 14545000000 1645000000 3337000000 4863000000 33000000 12475000000 1427000000 3129000000 3901000000 50000000 <div id="TextBlockContainer1122" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:149px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a148848" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 5<div style="display:inline-block;width:8px"> </div>Other income</div></div><div id="TextBlockContainer1125" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:691px;height:290px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a148853" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.497px;top:0px;">For the year ended </div><div id="a148856" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:15.6px;">USD m </div><div id="a148859" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.564px;top:15.6px;">31.12.22 </div><div id="a148861" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.697px;top:15.6px;">31.12.21 </div><div id="a148863" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:15.6px;">31.12.20 </div><div id="a148865" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:31.2px;">Associates, joint ventures and<div style="display:inline-block;width:4.15px"> </div>subsidiaries </div><div id="a148871" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:47.8px;">Net gains / (losses) from acquisitions and disposals of subsidiaries</div><div id="a148872" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:241.684px;top:48.4px;">1</div><div id="a148875_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:47.8px;">148</div><div id="a148878_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:47.8px;display:flex;">(11)</div><div id="a148881_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.937px;top:47.8px;">635</div><div id="a148883" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:675.124px;top:48.4px;">2</div><div id="a148885" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:63.9px;">Net gains / (losses) from disposals of investments in associates<div style="display:inline-block;width:3.8px"> </div>and joint ventures </div><div id="a148889_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:524.644px;top:63.9px;">844</div><div id="a148891" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:64.5px;">3</div><div id="a148893_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.844px;top:63.9px;">41</div><div id="a148896_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.697px;top:63.9px;">0</div><div id="a148899" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:80.4px;">Share of net profits of associates and joint ventures </div><div id="a148902_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:532.684px;top:80.4px;">32</div><div id="a148905_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:80.4px;">105</div><div id="a148908_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:80.4px;">84</div><div id="a148911" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:96.5px;">Total </div><div id="a148914_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:96.5px;">1,024</div><div id="a148917_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:96.5px;">134</div><div id="a148920_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:96.5px;">719</div><div id="a148923" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.1px;">Net gains / (losses) from disposals of financial assets measured<div style="display:inline-block;width:3.88px"> </div>at fair value through other<div style="display:inline-block;width:4.21px"> </div>comprehensive income </div><div id="a148927_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:532.684px;top:113.1px;display:flex;">(1)</div><div id="a148930_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.564px;top:113.1px;">9</div><div id="a148933_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:113.1px;">40</div><div id="a148936" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:129.2px;">Income from properties</div><div id="a148937" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:87.417px;top:129.8px;">4</div><div id="a148940_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:532.684px;top:129.2px;">20</div><div id="a148943_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.844px;top:129.2px;">22</div><div id="a148946_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:129.2px;">25</div><div id="a148949" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:145.7px;">Net gains / (losses) from properties held for sale </div><div id="a148952_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:532.684px;top:145.7px;">71</div><div id="a148955_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.764px;top:145.7px;">100</div><div id="a148957" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:606.99px;top:146.4px;">5</div><div id="a148959_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:666.137px;top:145.7px;">76</div><div id="a148961" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:675.59px;top:146.4px;">6</div><div id="a148963" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:162.3px;">Income from shared services provided to UBS Group<div style="display:inline-block;width:3.76px"> </div>AG or its subsidiaries </div><div id="a148966_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:162.3px;">460</div><div id="a148969_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:162.3px;">451</div><div id="a148972_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:162.3px;">422</div><div id="a148975" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:178.4px;">Other </div><div id="a148978_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:524.644px;top:178.4px;">308</div><div id="a148980" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:179px;">7</div><div id="a148982_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.764px;top:178.4px;">224</div><div id="a148984" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:606.99px;top:179px;">8</div><div id="a148986_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.937px;top:178.4px;">267</div><div id="a148988" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:675.124px;top:179px;">9</div><div id="a148990" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:194.9px;">Total other income </div><div id="a148993_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:194.9px;">1,882</div><div id="a148996_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:194.9px;">941</div><div id="a148999_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:194.9px;">1,549</div><div id="a149002" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:210px;">1 Includes foreign exchange<div style="display:inline-block;width:3.81px"> </div>gains / (losses) reclassified<div style="display:inline-block;width:3.8px"> </div>from other comprehensive<div style="display:inline-block;width:3.91px"> </div>income related<div style="display:inline-block;width:3.46px"> </div>to the disposal or<div style="display:inline-block;width:3.45px"> </div>closure of<div style="display:inline-block;width:3.41px"> </div>foreign operations.<div style="display:inline-block;width:3.93px"> </div>Refer to Note 29 for<div style="display:inline-block;width:3.97px"> </div>more information about<div style="display:inline-block;width:3.91px"> </div>UBS AG’s acquisitions </div><div id="a149007" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:220.4px;">and disposals of<div style="display:inline-block;width:3.47px"> </div>subsidiaries and<div style="display:inline-block;width:3.47px"> </div>businesses.<div style="display:inline-block;width:9.55px"> </div>2 Includes a<div style="display:inline-block;width:3.5px"> </div>USD </div><div id="a149007_66_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:209.938px;top:220.4px;">631</div><div id="a149007_69_115" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:222.707px;top:220.4px;">m net gain on<div style="display:inline-block;width:3.63px"> </div>the sale of a<div style="display:inline-block;width:3.49px"> </div>majority stake in<div style="display:inline-block;width:4.09px"> </div>Fondcenter AG<div style="display:inline-block;width:3.46px"> </div>(now Clearstream<div style="display:inline-block;width:3.94px"> </div>Fund Centre AG).<div style="display:inline-block;width:10.57px"> </div>3 Includes<div style="display:inline-block;width:3.43px"> </div>an USD </div><div id="a149007_184_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:598.447px;top:220.4px;">848</div><div id="a149007_187_22" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:611.215px;top:220.4px;">m gain related<div style="display:inline-block;width:3.48px"> </div>to the </div><div id="a149013" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:230.3px;">sale of UBS AG’s shareholding in<div style="display:inline-block;width:3.47px"> </div>Mitsubishi Corp.-UBS Realty<div style="display:inline-block;width:3.41px"> </div>Inc. Refer to Note 28b for more information.<div style="display:inline-block;width:8.79px"> </div>4 Includes rent received from third parties.<div style="display:inline-block;width:9.98px"> </div>5 Mainly relates to the sale of a property in Basel.<div style="display:inline-block;width:8.41px"> </div>6 Includes </div><div id="a149019" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:240.7px;">net gains of<div style="display:inline-block;width:4.1px"> </div>USD </div><div id="a149019_17_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:59.929px;top:240.7px;">140</div><div id="a149019_20_196" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:72.698px;top:240.7px;">m arising from<div style="display:inline-block;width:4.4px"> </div>sale-and-leaseback<div style="display:inline-block;width:3.43px"> </div>transactions,<div style="display:inline-block;width:4.1px"> </div>primarily related<div style="display:inline-block;width:4.25px"> </div>to a<div style="display:inline-block;width:3.47px"> </div>property in<div style="display:inline-block;width:3.46px"> </div>Geneva,<div style="display:inline-block;width:3.62px"> </div>partly offset<div style="display:inline-block;width:4.11px"> </div>by remeasurement<div style="display:inline-block;width:3.94px"> </div>losses<div style="display:inline-block;width:3.45px"> </div>relating to<div style="display:inline-block;width:3.62px"> </div>properties that<div style="display:inline-block;width:3.78px"> </div>were reclassified<div style="display:inline-block;width:4.26px"> </div>as held<div style="display:inline-block;width:3.47px"> </div>for sale.<div style="display:inline-block;width:7.73px"> </div></div><div id="a149025" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:250.6px;">7 Mainly relates to a portion<div style="display:inline-block;width:3.49px"> </div>of the total USD </div><div id="a149025_47_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:146.943px;top:250.6px;">133</div><div id="a149025_50_83" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:159.712px;top:250.6px;">m gain on the sale of<div style="display:inline-block;width:3.48px"> </div>UBS AG’s domestic<div style="display:inline-block;width:3.76px"> </div>wealth management<div style="display:inline-block;width:3.48px"> </div>business in Spain of<div style="display:inline-block;width:3.42px"> </div>USD </div><div id="a149025_133_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:438.512px;top:250.6px;">111</div><div id="a149025_136_72" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:451.28px;top:250.6px;">m (with the remaining amount<div style="display:inline-block;width:3.53px"> </div>disclosed within Net gains<div style="display:inline-block;width:3.78px"> </div>/ (losses) from </div><div id="a149030" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:260.6px;">acquisitions and<div style="display:inline-block;width:3.47px"> </div>disposals of<div style="display:inline-block;width:3.93px"> </div>subsidiaries), income<div style="display:inline-block;width:4.25px"> </div>of USD </div><div id="a149030_59_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:189.504px;top:260.6px;">111</div><div id="a149030_62_99" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:202.273px;top:260.6px;">m related to<div style="display:inline-block;width:3.94px"> </div>a legacy<div style="display:inline-block;width:3.64px"> </div>litigation settlement<div style="display:inline-block;width:3.92px"> </div>and a legacy<div style="display:inline-block;width:4.6px"> </div>bankruptcy claim,<div style="display:inline-block;width:3.9px"> </div>as well<div style="display:inline-block;width:3.63px"> </div>as gains of<div style="display:inline-block;width:3.48px"> </div>USD </div><div id="a149030_161_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:518.433px;top:260.6px;">23</div><div id="a149030_163_46" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:526.945px;top:260.6px;">m related to<div style="display:inline-block;width:3.94px"> </div>the repurchase<div style="display:inline-block;width:3.95px"> </div>of UBS’s<div style="display:inline-block;width:3.78px"> </div>own debt </div><div id="a149032" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:271px;">instruments (compared with losses<div style="display:inline-block;width:3.77px"> </div>of USD </div><div id="a149032_41_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:137.958px;top:271px;">17</div><div id="a149032_43_40" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:146.47px;top:271px;">m in 2021).<div style="display:inline-block;width:8.73px"> </div>8 Includes a gain<div style="display:inline-block;width:3.66px"> </div>of USD </div><div id="a149032_83_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:271.316px;top:271px;">100</div><div id="a149032_86_96" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:284.085px;top:271px;">m from the sale of UBS AG’s<div style="display:inline-block;width:4.57px"> </div>domestic wealth management<div style="display:inline-block;width:3.87px"> </div>business in Austria.<div style="display:inline-block;width:9.61px"> </div>9 Includes a USD </div><div id="a149032_182_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:598.344px;top:271px;">215</div><div id="a149032_185_22" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:611.112px;top:271px;">m gain on the sale<div style="display:inline-block;width:3.63px"> </div>of </div><div id="a149034" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:280.9px;">intellectual property rights associated<div style="display:inline-block;width:3.94px"> </div>with the Bloomberg Commodity<div style="display:inline-block;width:3.74px"> </div>Index family.</div></div> <div id="TextBlockContainer1126" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:691px;height:290px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1124_XBRL_TS_03836157be9142fab0f2ce905babd830" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1125" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:691px;height:290px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a148853" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.497px;top:0px;">For the year ended </div><div id="a148856" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:15.6px;">USD m </div><div id="a148859" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.564px;top:15.6px;">31.12.22 </div><div id="a148861" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.697px;top:15.6px;">31.12.21 </div><div id="a148863" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:15.6px;">31.12.20 </div><div id="a148865" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:31.2px;">Associates, joint ventures and<div style="display:inline-block;width:4.15px"> </div>subsidiaries </div><div id="a148871" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:47.8px;">Net gains / (losses) from acquisitions and disposals of subsidiaries</div><div id="a148872" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:241.684px;top:48.4px;">1</div><div id="a148875_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:47.8px;">148</div><div id="a148878_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:47.8px;display:flex;">(11)</div><div id="a148881_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.937px;top:47.8px;">635</div><div id="a148883" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:675.124px;top:48.4px;">2</div><div id="a148885" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:63.9px;">Net gains / (losses) from disposals of investments in associates<div style="display:inline-block;width:3.8px"> </div>and joint ventures </div><div id="a148889_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:524.644px;top:63.9px;">844</div><div id="a148891" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:64.5px;">3</div><div id="a148893_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.844px;top:63.9px;">41</div><div id="a148896_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.697px;top:63.9px;">0</div><div id="a148899" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:80.4px;">Share of net profits of associates and joint ventures </div><div id="a148902_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:532.684px;top:80.4px;">32</div><div id="a148905_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:80.4px;">105</div><div id="a148908_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:80.4px;">84</div><div id="a148911" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:96.5px;">Total </div><div id="a148914_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:96.5px;">1,024</div><div id="a148917_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:96.5px;">134</div><div id="a148920_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:96.5px;">719</div><div id="a148923" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.1px;">Net gains / (losses) from disposals of financial assets measured<div style="display:inline-block;width:3.88px"> </div>at fair value through other<div style="display:inline-block;width:4.21px"> </div>comprehensive income </div><div id="a148927_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:532.684px;top:113.1px;display:flex;">(1)</div><div id="a148930_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.564px;top:113.1px;">9</div><div id="a148933_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:113.1px;">40</div><div id="a148936" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:129.2px;">Income from properties</div><div id="a148937" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:87.417px;top:129.8px;">4</div><div id="a148940_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:532.684px;top:129.2px;">20</div><div id="a148943_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.844px;top:129.2px;">22</div><div id="a148946_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:129.2px;">25</div><div id="a148949" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:145.7px;">Net gains / (losses) from properties held for sale </div><div id="a148952_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:532.684px;top:145.7px;">71</div><div id="a148955_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.764px;top:145.7px;">100</div><div id="a148957" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:606.99px;top:146.4px;">5</div><div id="a148959_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:666.137px;top:145.7px;">76</div><div id="a148961" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:675.59px;top:146.4px;">6</div><div id="a148963" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:162.3px;">Income from shared services provided to UBS Group<div style="display:inline-block;width:3.76px"> </div>AG or its subsidiaries </div><div id="a148966_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:162.3px;">460</div><div id="a148969_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:162.3px;">451</div><div id="a148972_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:162.3px;">422</div><div id="a148975" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:178.4px;">Other </div><div id="a148978_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:524.644px;top:178.4px;">308</div><div id="a148980" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:179px;">7</div><div id="a148982_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.764px;top:178.4px;">224</div><div id="a148984" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:606.99px;top:179px;">8</div><div id="a148986_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.937px;top:178.4px;">267</div><div id="a148988" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:675.124px;top:179px;">9</div><div id="a148990" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:194.9px;">Total other income </div><div id="a148993_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:194.9px;">1,882</div><div id="a148996_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:194.9px;">941</div><div id="a148999_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:194.9px;">1,549</div><div id="a149002" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:210px;">1 Includes foreign exchange<div style="display:inline-block;width:3.81px"> </div>gains / (losses) reclassified<div style="display:inline-block;width:3.8px"> </div>from other comprehensive<div style="display:inline-block;width:3.91px"> </div>income related<div style="display:inline-block;width:3.46px"> </div>to the disposal or<div style="display:inline-block;width:3.45px"> </div>closure of<div style="display:inline-block;width:3.41px"> </div>foreign operations.<div style="display:inline-block;width:3.93px"> </div>Refer to Note 29 for<div style="display:inline-block;width:3.97px"> </div>more information about<div style="display:inline-block;width:3.91px"> </div>UBS AG’s acquisitions </div><div id="a149007" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:220.4px;">and disposals of<div style="display:inline-block;width:3.47px"> </div>subsidiaries and<div style="display:inline-block;width:3.47px"> </div>businesses.<div style="display:inline-block;width:9.55px"> </div>2 Includes a<div style="display:inline-block;width:3.5px"> </div>USD </div><div id="a149007_66_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:209.938px;top:220.4px;">631</div><div id="a149007_69_115" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:222.707px;top:220.4px;">m net gain on<div style="display:inline-block;width:3.63px"> </div>the sale of a<div style="display:inline-block;width:3.49px"> </div>majority stake in<div style="display:inline-block;width:4.09px"> </div>Fondcenter AG<div style="display:inline-block;width:3.46px"> </div>(now Clearstream<div style="display:inline-block;width:3.94px"> </div>Fund Centre AG).<div style="display:inline-block;width:10.57px"> </div>3 Includes<div style="display:inline-block;width:3.43px"> </div>an USD </div><div id="a149007_184_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:598.447px;top:220.4px;">848</div><div id="a149007_187_22" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:611.215px;top:220.4px;">m gain related<div style="display:inline-block;width:3.48px"> </div>to the </div><div id="a149013" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:230.3px;">sale of UBS AG’s shareholding in<div style="display:inline-block;width:3.47px"> </div>Mitsubishi Corp.-UBS Realty<div style="display:inline-block;width:3.41px"> </div>Inc. Refer to Note 28b for more information.<div style="display:inline-block;width:8.79px"> </div>4 Includes rent received from third parties.<div style="display:inline-block;width:9.98px"> </div>5 Mainly relates to the sale of a property in Basel.<div style="display:inline-block;width:8.41px"> </div>6 Includes </div><div id="a149019" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:240.7px;">net gains of<div style="display:inline-block;width:4.1px"> </div>USD </div><div id="a149019_17_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:59.929px;top:240.7px;">140</div><div id="a149019_20_196" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:72.698px;top:240.7px;">m arising from<div style="display:inline-block;width:4.4px"> </div>sale-and-leaseback<div style="display:inline-block;width:3.43px"> </div>transactions,<div style="display:inline-block;width:4.1px"> </div>primarily related<div style="display:inline-block;width:4.25px"> </div>to a<div style="display:inline-block;width:3.47px"> </div>property in<div style="display:inline-block;width:3.46px"> </div>Geneva,<div style="display:inline-block;width:3.62px"> </div>partly offset<div style="display:inline-block;width:4.11px"> </div>by remeasurement<div style="display:inline-block;width:3.94px"> </div>losses<div style="display:inline-block;width:3.45px"> </div>relating to<div style="display:inline-block;width:3.62px"> </div>properties that<div style="display:inline-block;width:3.78px"> </div>were reclassified<div style="display:inline-block;width:4.26px"> </div>as held<div style="display:inline-block;width:3.47px"> </div>for sale.<div style="display:inline-block;width:7.73px"> </div></div><div id="a149025" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:250.6px;">7 Mainly relates to a portion<div style="display:inline-block;width:3.49px"> </div>of the total USD </div><div id="a149025_47_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:146.943px;top:250.6px;">133</div><div id="a149025_50_83" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:159.712px;top:250.6px;">m gain on the sale of<div style="display:inline-block;width:3.48px"> </div>UBS AG’s domestic<div style="display:inline-block;width:3.76px"> </div>wealth management<div style="display:inline-block;width:3.48px"> </div>business in Spain of<div style="display:inline-block;width:3.42px"> </div>USD </div><div id="a149025_133_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:438.512px;top:250.6px;">111</div><div id="a149025_136_72" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:451.28px;top:250.6px;">m (with the remaining amount<div style="display:inline-block;width:3.53px"> </div>disclosed within Net gains<div style="display:inline-block;width:3.78px"> </div>/ (losses) from </div><div id="a149030" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:260.6px;">acquisitions and<div style="display:inline-block;width:3.47px"> </div>disposals of<div style="display:inline-block;width:3.93px"> </div>subsidiaries), income<div style="display:inline-block;width:4.25px"> </div>of USD </div><div id="a149030_59_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:189.504px;top:260.6px;">111</div><div id="a149030_62_99" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:202.273px;top:260.6px;">m related to<div style="display:inline-block;width:3.94px"> </div>a legacy<div style="display:inline-block;width:3.64px"> </div>litigation settlement<div style="display:inline-block;width:3.92px"> </div>and a legacy<div style="display:inline-block;width:4.6px"> </div>bankruptcy claim,<div style="display:inline-block;width:3.9px"> </div>as well<div style="display:inline-block;width:3.63px"> </div>as gains of<div style="display:inline-block;width:3.48px"> </div>USD </div><div id="a149030_161_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:518.433px;top:260.6px;">23</div><div id="a149030_163_46" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:526.945px;top:260.6px;">m related to<div style="display:inline-block;width:3.94px"> </div>the repurchase<div style="display:inline-block;width:3.95px"> </div>of UBS’s<div style="display:inline-block;width:3.78px"> </div>own debt </div><div id="a149032" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:271px;">instruments (compared with losses<div style="display:inline-block;width:3.77px"> </div>of USD </div><div id="a149032_41_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:137.958px;top:271px;">17</div><div id="a149032_43_40" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:146.47px;top:271px;">m in 2021).<div style="display:inline-block;width:8.73px"> </div>8 Includes a gain<div style="display:inline-block;width:3.66px"> </div>of USD </div><div id="a149032_83_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:271.316px;top:271px;">100</div><div id="a149032_86_96" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:284.085px;top:271px;">m from the sale of UBS AG’s<div style="display:inline-block;width:4.57px"> </div>domestic wealth management<div style="display:inline-block;width:3.87px"> </div>business in Austria.<div style="display:inline-block;width:9.61px"> </div>9 Includes a USD </div><div id="a149032_182_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:598.344px;top:271px;">215</div><div id="a149032_185_22" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:611.112px;top:271px;">m gain on the sale<div style="display:inline-block;width:3.63px"> </div>of </div><div id="a149034" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:280.9px;">intellectual property rights associated<div style="display:inline-block;width:3.94px"> </div>with the Bloomberg Commodity<div style="display:inline-block;width:3.74px"> </div>Index family.</div></div></div></div> 148000000 -11000000 635000000 844000000 41000000 0 32000000 105000000 84000000 1024000000 134000000 719000000 -1000000 9000000 40000000 20000000 22000000 25000000 71000000 100000000 76000000 460000000 451000000 422000000 308000000 224000000 267000000 1882000000 941000000 1549000000 631000000 848000000 140000000 133000000 111000000 111000000 23000000 -17000000 100000000 215000000 <div id="TextBlockContainer1128" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:187px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a149041" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 6<div style="display:inline-block;width:8px"> </div>Personnel expenses</div></div><div id="TextBlockContainer1132" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:286px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1130_XBRL_TS_55f7c0524a0047b79055784291427f22" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1131" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:286px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a149049" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.497px;top:0px;">For the year ended </div><div id="a149051" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:15.6px;">USD m </div><div id="a149054" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.564px;top:15.6px;">31.12.22 </div><div id="a149056" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.697px;top:15.6px;">31.12.21 </div><div id="a149058" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:15.6px;">31.12.20 </div><div id="a149060" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:31.2px;">Salaries</div><div id="a149061" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:30.641px;top:31.9px;">1</div><div id="a149064_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:31.2px;">5,528</div><div id="a149067_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:31.2px;">5,723</div><div id="a149070_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:31.2px;">5,535</div><div id="a149073" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:47.8px;">Variable compensation</div><div id="a149074" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:86.004px;top:48.4px;">2</div><div id="a149077_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:47.8px;">7,636</div><div id="a149080_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:47.8px;">7,973</div><div id="a149083_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:47.8px;">7,246</div><div id="a149086" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:63.8px;">of which: performance awards </div><div id="a149089_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:520.377px;top:63.8px;">2,910</div><div id="a149092_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:588.51px;top:63.8px;">2,916</div><div id="a149095_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:653.844px;top:63.8px;">2,953</div><div id="a149097" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:675.124px;top:64.5px;">3</div><div id="a149099" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:80.4px;">of which: financial advisors</div><div id="a149100" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:110.124px;top:81.1px;">4</div><div id="a149103_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:520.377px;top:80.4px;">4,508</div><div id="a149106_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:588.51px;top:80.4px;">4,860</div><div id="a149109_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:80.4px;">4,091</div><div id="a149112" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:96.5px;">of which: other </div><div id="a149115_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:527.484px;top:96.5px;">217</div><div id="a149118_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:595.604px;top:96.5px;">196</div><div id="a149121_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.764px;top:96.5px;">201</div><div id="a149124" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.1px;">Contractors </div><div id="a149127_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:113.1px;">119</div><div id="a149130_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:113.1px;">142</div><div id="a149133_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:113.1px;">138</div><div id="a149136" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:129.1px;">Social security </div><div id="a149139_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:129.1px;">730</div><div id="a149142_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:129.1px;">762</div><div id="a149145_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.937px;top:129.1px;">704</div><div id="a149147" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:675.124px;top:129.8px;">3</div><div id="a149149" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:145.7px;">Post-employment benefit plans</div><div id="a149152" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:115.324px;top:146.3px;">5</div><div id="a149155_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:145.7px;">555</div><div id="a149158_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:145.7px;">582</div><div id="a149161_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:145.7px;">597</div><div id="a149164" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:161.8px;">of which: defined benefit plans </div><div id="a149167_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:527.484px;top:161.8px;">256</div><div id="a149170_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:595.604px;top:161.8px;">280</div><div id="a149173_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.764px;top:161.8px;">306</div><div id="a149176" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:178.3px;">of which: defined contribution plans </div><div id="a149179_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:527.484px;top:178.3px;">299</div><div id="a149182_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:595.604px;top:178.3px;">303</div><div id="a149185_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.764px;top:178.3px;">291</div><div id="a149188" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:194.4px;">Other personnel expenses </div><div id="a149191_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:194.4px;">513</div><div id="a149194_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:194.4px;">479</div><div id="a149197_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.937px;top:194.4px;">466</div><div id="a149199" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:675.124px;top:195.1px;">3</div><div id="a149201" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:211px;">Total personnel expenses </div><div id="a149204_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:515.657px;top:211px;">15,080</div><div id="a149207_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.79px;top:211px;">15,661</div><div id="a149210_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:211px;">14,686</div><div id="a149213" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:226.5px;">1 Includes role-based allowances.<div style="display:inline-block;width:8.45px"> </div>2 Refer to Note 27 for more information.<div style="display:inline-block;width:7.27px"> </div>3 During 2020, UBS AG modified the conditions for continued vesting of certain<div style="display:inline-block;width:3.83px"> </div>outstanding deferred compensation<div style="display:inline-block;width:3.39px"> </div>awards for qualifying </div><div id="a149219" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:236.4px;">employees, resulting<div style="display:inline-block;width:3.77px"> </div>in an<div style="display:inline-block;width:3.47px"> </div>expense of approximately<div style="display:inline-block;width:4.96px"> </div>USD </div><div id="a149219_56_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:188.086px;top:236.4px;">270</div><div id="a149219_59_16" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:200.854px;top:236.4px;">m, of which<div style="display:inline-block;width:3.79px"> </div>USD </div><div id="a149219_75_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:256.817px;top:236.4px;">240</div><div id="a149219_78_70" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:269.586px;top:236.4px;">m is disclosed<div style="display:inline-block;width:4.08px"> </div>within Variable<div style="display:inline-block;width:3.87px"> </div>compensation<div style="display:inline-block;width:3.7px"> </div>– performance<div style="display:inline-block;width:3.63px"> </div>awards,<div style="display:inline-block;width:3.48px"> </div>USD </div><div id="a149219_148_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:505.193px;top:236.4px;">20</div><div id="a149219_150_33" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:513.705px;top:236.4px;">m within Social<div style="display:inline-block;width:3.93px"> </div>security and<div style="display:inline-block;width:3.64px"> </div>USD </div><div id="a149219_183_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:621.527px;top:236.4px;">10</div><div id="a149219_185_15" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:630.039px;top:236.4px;">m within Other </div><div id="a149224" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:246.8px;">personnel expenses.<div style="display:inline-block;width:10.88px"> </div>4 Consists of<div style="display:inline-block;width:3.63px"> </div>cash and<div style="display:inline-block;width:3.64px"> </div>deferred compensation<div style="display:inline-block;width:3.78px"> </div>awards and is<div style="display:inline-block;width:4.11px"> </div>based on compensable<div style="display:inline-block;width:3.94px"> </div>revenues and firm<div style="display:inline-block;width:4.25px"> </div>tenure using<div style="display:inline-block;width:3.42px"> </div>a formulaic<div style="display:inline-block;width:3.78px"> </div>approach. It also<div style="display:inline-block;width:3.64px"> </div>includes expenses<div style="display:inline-block;width:3.47px"> </div>related to compensation </div><div id="a149227" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:256.8px;">commitments with financial<div style="display:inline-block;width:4.08px"> </div>advisors entered into<div style="display:inline-block;width:3.92px"> </div>at the time<div style="display:inline-block;width:3.63px"> </div>of recruitment that<div style="display:inline-block;width:3.94px"> </div>are subject to<div style="display:inline-block;width:3.47px"> </div>vesting requirements.<div style="display:inline-block;width:11.02px"> </div>5 Refer to Note<div style="display:inline-block;width:4.21px"> </div>26 for more information.<div style="display:inline-block;width:4.42px"> </div>Includes curtailment<div style="display:inline-block;width:4.19px"> </div>gains of USD </div><div id="a149227_196_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:624.926px;top:256.8px;">13</div><div id="a149227_198_15" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:633.438px;top:256.8px;">m for the year </div><div id="a149231" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:266.7px;">ended 31 December 2022 (for the year ended 31 December 2021: USD </div><div id="a149231_65_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:226.391px;top:266.7px;">49</div><div id="a149231_67_44" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:234.903px;top:266.7px;">m; for the year ended 31 December 2020: USD </div><div id="a149231_111_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:382.921px;top:266.7px;">0</div><div id="a149231_112_95" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:387.178px;top:266.7px;">m), which represent a reduction in the defined benefit<div style="display:inline-block;width:3.61px"> </div>obligation related to the Swiss pension </div><div id="a149233" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:277.1px;">plan resulting from a decrease<div style="display:inline-block;width:3.52px"> </div>in headcount following restructuring<div style="display:inline-block;width:4.09px"> </div>activities.</div></div></div></div> <div id="TextBlockContainer1131" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:286px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a149049" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.497px;top:0px;">For the year ended </div><div id="a149051" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:15.6px;">USD m </div><div id="a149054" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.564px;top:15.6px;">31.12.22 </div><div id="a149056" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.697px;top:15.6px;">31.12.21 </div><div id="a149058" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:15.6px;">31.12.20 </div><div id="a149060" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:31.2px;">Salaries</div><div id="a149061" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:30.641px;top:31.9px;">1</div><div id="a149064_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:31.2px;">5,528</div><div id="a149067_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:31.2px;">5,723</div><div id="a149070_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:31.2px;">5,535</div><div id="a149073" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:47.8px;">Variable compensation</div><div id="a149074" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:86.004px;top:48.4px;">2</div><div id="a149077_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:47.8px;">7,636</div><div id="a149080_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:47.8px;">7,973</div><div id="a149083_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:47.8px;">7,246</div><div id="a149086" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:63.8px;">of which: performance awards </div><div id="a149089_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:520.377px;top:63.8px;">2,910</div><div id="a149092_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:588.51px;top:63.8px;">2,916</div><div id="a149095_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:653.844px;top:63.8px;">2,953</div><div id="a149097" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:675.124px;top:64.5px;">3</div><div id="a149099" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:80.4px;">of which: financial advisors</div><div id="a149100" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:110.124px;top:81.1px;">4</div><div id="a149103_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:520.377px;top:80.4px;">4,508</div><div id="a149106_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:588.51px;top:80.4px;">4,860</div><div id="a149109_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:80.4px;">4,091</div><div id="a149112" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:96.5px;">of which: other </div><div id="a149115_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:527.484px;top:96.5px;">217</div><div id="a149118_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:595.604px;top:96.5px;">196</div><div id="a149121_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.764px;top:96.5px;">201</div><div id="a149124" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.1px;">Contractors </div><div id="a149127_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:113.1px;">119</div><div id="a149130_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:113.1px;">142</div><div id="a149133_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:113.1px;">138</div><div id="a149136" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:129.1px;">Social security </div><div id="a149139_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:129.1px;">730</div><div id="a149142_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:129.1px;">762</div><div id="a149145_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.937px;top:129.1px;">704</div><div id="a149147" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:675.124px;top:129.8px;">3</div><div id="a149149" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:145.7px;">Post-employment benefit plans</div><div id="a149152" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:115.324px;top:146.3px;">5</div><div id="a149155_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:145.7px;">555</div><div id="a149158_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:145.7px;">582</div><div id="a149161_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:145.7px;">597</div><div id="a149164" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:161.8px;">of which: defined benefit plans </div><div id="a149167_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:527.484px;top:161.8px;">256</div><div id="a149170_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:595.604px;top:161.8px;">280</div><div id="a149173_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.764px;top:161.8px;">306</div><div id="a149176" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:178.3px;">of which: defined contribution plans </div><div id="a149179_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:527.484px;top:178.3px;">299</div><div id="a149182_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:595.604px;top:178.3px;">303</div><div id="a149185_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.764px;top:178.3px;">291</div><div id="a149188" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:194.4px;">Other personnel expenses </div><div id="a149191_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:194.4px;">513</div><div id="a149194_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:194.4px;">479</div><div id="a149197_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.937px;top:194.4px;">466</div><div id="a149199" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:675.124px;top:195.1px;">3</div><div id="a149201" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:211px;">Total personnel expenses </div><div id="a149204_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:515.657px;top:211px;">15,080</div><div id="a149207_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.79px;top:211px;">15,661</div><div id="a149210_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:211px;">14,686</div><div id="a149213" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:226.5px;">1 Includes role-based allowances.<div style="display:inline-block;width:8.45px"> </div>2 Refer to Note 27 for more information.<div style="display:inline-block;width:7.27px"> </div>3 During 2020, UBS AG modified the conditions for continued vesting of certain<div style="display:inline-block;width:3.83px"> </div>outstanding deferred compensation<div style="display:inline-block;width:3.39px"> </div>awards for qualifying </div><div id="a149219" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:236.4px;">employees, resulting<div style="display:inline-block;width:3.77px"> </div>in an<div style="display:inline-block;width:3.47px"> </div>expense of approximately<div style="display:inline-block;width:4.96px"> </div>USD </div><div id="a149219_56_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:188.086px;top:236.4px;">270</div><div id="a149219_59_16" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:200.854px;top:236.4px;">m, of which<div style="display:inline-block;width:3.79px"> </div>USD </div><div id="a149219_75_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:256.817px;top:236.4px;">240</div><div id="a149219_78_70" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:269.586px;top:236.4px;">m is disclosed<div style="display:inline-block;width:4.08px"> </div>within Variable<div style="display:inline-block;width:3.87px"> </div>compensation<div style="display:inline-block;width:3.7px"> </div>– performance<div style="display:inline-block;width:3.63px"> </div>awards,<div style="display:inline-block;width:3.48px"> </div>USD </div><div id="a149219_148_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:505.193px;top:236.4px;">20</div><div id="a149219_150_33" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:513.705px;top:236.4px;">m within Social<div style="display:inline-block;width:3.93px"> </div>security and<div style="display:inline-block;width:3.64px"> </div>USD </div><div id="a149219_183_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:621.527px;top:236.4px;">10</div><div id="a149219_185_15" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:630.039px;top:236.4px;">m within Other </div><div id="a149224" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:246.8px;">personnel expenses.<div style="display:inline-block;width:10.88px"> </div>4 Consists of<div style="display:inline-block;width:3.63px"> </div>cash and<div style="display:inline-block;width:3.64px"> </div>deferred compensation<div style="display:inline-block;width:3.78px"> </div>awards and is<div style="display:inline-block;width:4.11px"> </div>based on compensable<div style="display:inline-block;width:3.94px"> </div>revenues and firm<div style="display:inline-block;width:4.25px"> </div>tenure using<div style="display:inline-block;width:3.42px"> </div>a formulaic<div style="display:inline-block;width:3.78px"> </div>approach. It also<div style="display:inline-block;width:3.64px"> </div>includes expenses<div style="display:inline-block;width:3.47px"> </div>related to compensation </div><div id="a149227" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:256.8px;">commitments with financial<div style="display:inline-block;width:4.08px"> </div>advisors entered into<div style="display:inline-block;width:3.92px"> </div>at the time<div style="display:inline-block;width:3.63px"> </div>of recruitment that<div style="display:inline-block;width:3.94px"> </div>are subject to<div style="display:inline-block;width:3.47px"> </div>vesting requirements.<div style="display:inline-block;width:11.02px"> </div>5 Refer to Note<div style="display:inline-block;width:4.21px"> </div>26 for more information.<div style="display:inline-block;width:4.42px"> </div>Includes curtailment<div style="display:inline-block;width:4.19px"> </div>gains of USD </div><div id="a149227_196_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:624.926px;top:256.8px;">13</div><div id="a149227_198_15" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:633.438px;top:256.8px;">m for the year </div><div id="a149231" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:266.7px;">ended 31 December 2022 (for the year ended 31 December 2021: USD </div><div id="a149231_65_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:226.391px;top:266.7px;">49</div><div id="a149231_67_44" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:234.903px;top:266.7px;">m; for the year ended 31 December 2020: USD </div><div id="a149231_111_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:382.921px;top:266.7px;">0</div><div id="a149231_112_95" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:387.178px;top:266.7px;">m), which represent a reduction in the defined benefit<div style="display:inline-block;width:3.61px"> </div>obligation related to the Swiss pension </div><div id="a149233" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:277.1px;">plan resulting from a decrease<div style="display:inline-block;width:3.52px"> </div>in headcount following restructuring<div style="display:inline-block;width:4.09px"> </div>activities.</div></div> 5528000000 5723000000 5535000000 7636000000 7973000000 7246000000 2910000000 2916000000 2953000000 4508000000 4860000000 4091000000 217000000 196000000 201000000 119000000 142000000 138000000 730000000 762000000 704000000 555000000 582000000 597000000 256000000 280000000 306000000 299000000 303000000 291000000 513000000 479000000 466000000 15080000000 15661000000 14686000000 270000000 240000000 20000000 10000000 13000000 49000000 0 <div id="TextBlockContainer1134" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:296px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a149240" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 7<div style="display:inline-block;width:8px"> </div>General and administrative expenses</div></div><div id="TextBlockContainer1137" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:219px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a149245" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.497px;top:0px;">For the year ended </div><div id="a149247" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:15.6px;">USD m </div><div id="a149250" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.564px;top:15.6px;">31.12.22 </div><div id="a149252" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.697px;top:15.6px;">31.12.21 </div><div id="a149254" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:15.6px;">31.12.20 </div><div id="a149256" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:31.2px;">Outsourcing costs </div><div id="a149259_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:31.2px;">451</div><div id="a149262_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:31.2px;">426</div><div id="a149265_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:31.2px;">466</div><div id="a149268" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:47.8px;">Technology costs </div><div id="a149271_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:47.8px;">502</div><div id="a149274_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:47.8px;">490</div><div id="a149277_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:47.8px;">449</div><div id="a149280" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:64.3px;">Consulting, legal and audit fees </div><div id="a149283_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:64.3px;">494</div><div id="a149286_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:64.3px;">465</div><div id="a149289_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:64.3px;">566</div><div id="a149292" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:80.4px;">Real estate and logistics costs </div><div id="a149295_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:80.4px;">507</div><div id="a149298_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:80.4px;">530</div><div id="a149301_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:80.4px;">563</div><div id="a149304" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:97px;">Market data services </div><div id="a149307_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:97px;">367</div><div id="a149310_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:97px;">367</div><div id="a149313_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:97px;">361</div><div id="a149316" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.1px;">Marketing and communication </div><div id="a149319_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:113.1px;">195</div><div id="a149322_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:113.1px;">171</div><div id="a149325_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:113.1px;">162</div><div id="a149328" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:129.6px;">Travel and entertainment </div><div id="a149331_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:129.6px;">156</div><div id="a149334_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.844px;top:129.6px;">66</div><div id="a149337_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:129.6px;">77</div><div id="a149340" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:145.7px;">Litigation, regulatory and similar matters</div><div id="a149342" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:150.35px;top:146.4px;">1</div><div id="a149345_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:145.7px;">348</div><div id="a149348_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:145.7px;">910</div><div id="a149351_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:145.7px;">197</div><div id="a149354" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:162.3px;">Other </div><div id="a149357_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:162.3px;">5,981</div><div id="a149360_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:162.3px;">6,051</div><div id="a149363_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:162.3px;">5,646</div><div id="a149366" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:178.3px;">of which: shared services costs charged by UBS<div style="display:inline-block;width:3.7px"> </div>Group AG or its subsidiaries </div><div id="a149369_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:520.377px;top:178.3px;">5,264</div><div id="a149372_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:588.51px;top:178.3px;">5,321</div><div id="a149375_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:178.3px;">4,939</div><div id="a149378" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:194.9px;">Total general and administrative<div style="display:inline-block;width:4.02px"> </div>expenses </div><div id="a149381_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:194.9px;">9,001</div><div id="a149384_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:194.9px;">9,476</div><div id="a149387_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:194.9px;">8,486</div><div id="a149390" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:210.4px;">1 Reflects the net increase in<div style="display:inline-block;width:3.7px"> </div>provisions for litigation, regulatory<div style="display:inline-block;width:3.58px"> </div>and similar matters recognized<div style="display:inline-block;width:4.1px"> </div>in the income statement.<div style="display:inline-block;width:3.47px"> </div>Refer to Note 17 for<div style="display:inline-block;width:3.76px"> </div>more information.</div></div> <div id="TextBlockContainer1138" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:219px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1136_XBRL_TS_0621311df5e842d39b18e65a763d2256" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1137" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:219px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a149245" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.497px;top:0px;">For the year ended </div><div id="a149247" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:15.6px;">USD m </div><div id="a149250" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.564px;top:15.6px;">31.12.22 </div><div id="a149252" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.697px;top:15.6px;">31.12.21 </div><div id="a149254" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:15.6px;">31.12.20 </div><div id="a149256" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:31.2px;">Outsourcing costs </div><div id="a149259_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:31.2px;">451</div><div id="a149262_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:31.2px;">426</div><div id="a149265_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:31.2px;">466</div><div id="a149268" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:47.8px;">Technology costs </div><div id="a149271_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:47.8px;">502</div><div id="a149274_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:47.8px;">490</div><div id="a149277_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:47.8px;">449</div><div id="a149280" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:64.3px;">Consulting, legal and audit fees </div><div id="a149283_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:64.3px;">494</div><div id="a149286_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:64.3px;">465</div><div id="a149289_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:64.3px;">566</div><div id="a149292" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:80.4px;">Real estate and logistics costs </div><div id="a149295_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:80.4px;">507</div><div id="a149298_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:80.4px;">530</div><div id="a149301_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:80.4px;">563</div><div id="a149304" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:97px;">Market data services </div><div id="a149307_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:97px;">367</div><div id="a149310_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:97px;">367</div><div id="a149313_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:97px;">361</div><div id="a149316" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.1px;">Marketing and communication </div><div id="a149319_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:113.1px;">195</div><div id="a149322_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:113.1px;">171</div><div id="a149325_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:113.1px;">162</div><div id="a149328" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:129.6px;">Travel and entertainment </div><div id="a149331_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:129.6px;">156</div><div id="a149334_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.844px;top:129.6px;">66</div><div id="a149337_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:129.6px;">77</div><div id="a149340" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:145.7px;">Litigation, regulatory and similar matters</div><div id="a149342" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:150.35px;top:146.4px;">1</div><div id="a149345_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:145.7px;">348</div><div id="a149348_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:145.7px;">910</div><div id="a149351_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:145.7px;">197</div><div id="a149354" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:162.3px;">Other </div><div id="a149357_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:162.3px;">5,981</div><div id="a149360_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:162.3px;">6,051</div><div id="a149363_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:162.3px;">5,646</div><div id="a149366" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:178.3px;">of which: shared services costs charged by UBS<div style="display:inline-block;width:3.7px"> </div>Group AG or its subsidiaries </div><div id="a149369_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:520.377px;top:178.3px;">5,264</div><div id="a149372_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:588.51px;top:178.3px;">5,321</div><div id="a149375_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:178.3px;">4,939</div><div id="a149378" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:194.9px;">Total general and administrative<div style="display:inline-block;width:4.02px"> </div>expenses </div><div id="a149381_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:194.9px;">9,001</div><div id="a149384_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:194.9px;">9,476</div><div id="a149387_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:194.9px;">8,486</div><div id="a149390" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:210.4px;">1 Reflects the net increase in<div style="display:inline-block;width:3.7px"> </div>provisions for litigation, regulatory<div style="display:inline-block;width:3.58px"> </div>and similar matters recognized<div style="display:inline-block;width:4.1px"> </div>in the income statement.<div style="display:inline-block;width:3.47px"> </div>Refer to Note 17 for<div style="display:inline-block;width:3.76px"> </div>more information.</div></div></div></div> 451000000 426000000 466000000 502000000 490000000 449000000 494000000 465000000 566000000 507000000 530000000 563000000 367000000 367000000 361000000 195000000 171000000 162000000 156000000 66000000 77000000 348000000 910000000 197000000 5981000000 6051000000 5646000000 5264000000 5321000000 4939000000 9001000000 9476000000 8486000000 <div id="TextBlockContainer1140" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:142px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a149427" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 8 Income taxes</div></div><div id="TextBlockContainer1143" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:201px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a149432" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.497px;top:0px;">For the year ended </div><div id="a149434" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:15.6px;">USD m </div><div id="a149437" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.564px;top:15.6px;">31.12.22 </div><div id="a149439" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.697px;top:15.6px;">31.12.21 </div><div id="a149441" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:15.6px;">31.12.20 </div><div id="a149448" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:3.181px;top:46.2px;">Tax<div style="display:inline-block;width:4.39px"> </div>expense / (benefit) </div><div id="a149455" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:62px;">Swiss </div><div id="a149461" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:78.1px;">Current </div><div id="a149464_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:78.1px;">664</div><div id="a149467_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:78.1px;">614</div><div id="a149470_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:78.1px;">417</div><div id="a149473" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:94.6px;">Deferred </div><div id="a149476_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.95px;top:94.6px;display:flex;">(22)</div><div id="a149479_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.844px;top:94.6px;">26</div><div id="a149482_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:94.6px;">107</div><div id="a149485" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:110.7px;">Total Swiss </div><div id="a149488_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:110.7px;">642</div><div id="a149491_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:110.7px;">640</div><div id="a149494_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:110.7px;">524</div><div id="a149497" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:126.3px;">Non-Swiss<div style="display:inline-block;width:2.99px"> </div></div><div id="a149505" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:142.9px;">Current </div><div id="a149508_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:142.9px;">689</div><div id="a149511_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:142.9px;">857</div><div id="a149514_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:142.9px;">715</div><div id="a149517" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:159px;">Deferred </div><div id="a149520_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:159px;">513</div><div id="a149523_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:159px;">406</div><div id="a149526_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:159px;">248</div><div id="a149529" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:175.5px;">Total non-Swiss </div><div id="a149534_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:175.5px;">1,202</div><div id="a149537_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:175.5px;">1,263</div><div id="a149540_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:175.5px;">963</div><div id="a149543" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:191.1px;">Total income tax expense<div style="display:inline-block;width:4.08px"> </div>/ (benefit) recognized in the income statement </div><div id="a149547_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:191.1px;">1,844</div><div id="a149550_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:191.1px;">1,903</div><div id="a149553_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:191.1px;">1,488</div></div><div id="TextBlockContainer1146" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:188px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a149556" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Income tax recognized in the income<div style="display:inline-block;width:5.22px"> </div>statement </div><div id="a149559" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23px;">The Swiss current tax expenses related<div style="display:inline-block;width:5.1px"> </div>to taxable profits of UBS Switzerland<div style="display:inline-block;width:5.36px"> </div>AG and other Swiss entities. </div><div id="a149563" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:46.2px;">The<div style="display:inline-block;width:5.4px"> </div>non-Swiss<div style="display:inline-block;width:5.82px"> </div>current<div style="display:inline-block;width:5.21px"> </div>tax<div style="display:inline-block;width:5.32px"> </div>expenses<div style="display:inline-block;width:5.53px"> </div>related<div style="display:inline-block;width:5.71px"> </div>to<div style="display:inline-block;width:5.25px"> </div>taxable<div style="display:inline-block;width:5.42px"> </div>profits<div style="display:inline-block;width:5.33px"> </div>of<div style="display:inline-block;width:5.25px"> </div>non-Swiss<div style="display:inline-block;width:5.88px"> </div>subsidiaries<div style="display:inline-block;width:5.96px"> </div>and<div style="display:inline-block;width:5.61px"> </div>branches.<div style="display:inline-block;width:5.71px"> </div>The<div style="display:inline-block;width:5.4px"> </div>non-Swiss </div><div id="a149576" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61.4px;">deferred tax<div style="display:inline-block;width:5.61px"> </div>expenses<div style="display:inline-block;width:5.59px"> </div>include expenses<div style="display:inline-block;width:6.31px"> </div>of USD </div><div id="a149576_46_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:281.245px;top:61.4px;">678</div><div id="a149576_49_68" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:303.945px;top:61.4px;">m that<div style="display:inline-block;width:5.57px"> </div>primarily related<div style="display:inline-block;width:6.49px"> </div>to the<div style="display:inline-block;width:6.35px"> </div>amortization<div style="display:inline-block;width:5.36px"> </div>of deferred<div style="display:inline-block;width:6.01px"> </div>tax assets </div><div id="a149589" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.5px;">(DTAs)<div style="display:inline-block;width:6.7px"> </div>previously<div style="display:inline-block;width:6.28px"> </div>recognized<div style="display:inline-block;width:6.53px"> </div>in<div style="display:inline-block;width:6.25px"> </div>relation<div style="display:inline-block;width:6.28px"> </div>to<div style="display:inline-block;width:6.2px"> </div>tax<div style="display:inline-block;width:6.27px"> </div>losses<div style="display:inline-block;width:6.39px"> </div>carried<div style="display:inline-block;width:6.37px"> </div>forward<div style="display:inline-block;width:6.44px"> </div>and<div style="display:inline-block;width:6.55px"> </div>deductible<div style="display:inline-block;width:6.87px"> </div>temporary<div style="display:inline-block;width:6.21px"> </div>differences<div style="display:inline-block;width:6.31px"> </div>of<div style="display:inline-block;width:6.2px"> </div>UBS </div><div id="a149592" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:91.6px;">Americas<div style="display:inline-block;width:5.26px"> </div>Inc.,<div style="display:inline-block;width:5.37px"> </div>which<div style="display:inline-block;width:5.41px"> </div>were<div style="display:inline-block;width:5.39px"> </div>partly offset<div style="display:inline-block;width:6.34px"> </div>by<div style="display:inline-block;width:5.2px"> </div>a<div style="display:inline-block;width:5.2px"> </div>benefit<div style="display:inline-block;width:5.2px"> </div>of<div style="display:inline-block;width:5.25px"> </div>USD </div><div id="a149592_60_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:357.445px;top:91.6px;">169</div><div id="a149592_63_52" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:380.138px;top:91.6px;">m<div style="display:inline-block;width:5.05px"> </div>in respect<div style="display:inline-block;width:6.33px"> </div>of<div style="display:inline-block;width:5.32px"> </div>net upward<div style="display:inline-block;width:7.13px"> </div>revaluations<div style="display:inline-block;width:5.43px"> </div>of<div style="display:inline-block;width:5.25px"> </div>DTAs<div style="display:inline-block;width:5.08px"> </div>for </div><div id="a149607" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.2px;">certain entities, primarily in connection<div style="display:inline-block;width:5.19px"> </div>with our business planning<div style="display:inline-block;width:5.37px"> </div>process.<div style="display:inline-block;width:3.58px"> </div></div><div id="a149610" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:130px;">The effective tax rate for the year of </div><div id="a149610_39_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:212.638px;top:130px;">20.6</div><div id="a149610_43_51" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:239.152px;top:130px;">% is lower than our projected<div style="display:inline-block;width:5.06px"> </div>rate for the year of </div><div id="a149610_94_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:524.345px;top:130px;">24</div><div id="a149610_96_28" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:539.478px;top:130px;">%, primarily as a result of </div><div id="a149622" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:145.1px;">the aforementioned deferred tax benefit of USD </div><div id="a149622_47_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:279.352px;top:145.1px;">169</div><div id="a149622_50_67" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:302.051px;top:145.1px;">m in respect of<div style="display:inline-block;width:2.18px"> </div>net upward revaluations of DTAs and because no tax </div><div id="a149628" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.7px;">expenses were recognized in<div style="display:inline-block;width:5.16px"> </div>respect of pre-tax gains from dispositions<div style="display:inline-block;width:5.21px"> </div>of UBS subsidiaries in 2022. </div><div id="a149633" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:172.4px;">›</div><div id="a149634" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:172.6px;"> </div><div id="a149635" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:177.3px;">Refer to Note 29<div style="display:inline-block;width:1.6px"> </div>for more information<div style="display:inline-block;width:1.12px"> </div>about disposals<div style="display:inline-block;width:1.6px"> </div>of subsidiaries</div></div><div id="TextBlockContainer1150" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:287px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1148_XBRL_TS_2425cd0e825d4439ad7c5d98d9352af9" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1149" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:287px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a149645" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.497px;top:0px;">For the year ended </div><div id="a149647" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:15.6px;">USD m </div><div id="a149650" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.564px;top:15.6px;">31.12.22 </div><div id="a149652" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.697px;top:15.6px;">31.12.21 </div><div id="a149654" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:15.6px;">31.12.20 </div><div id="a149656" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:31.2px;">Operating profit / (loss) before tax </div><div id="a149659_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:31.2px;">8,960</div><div id="a149662_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:31.2px;">8,964</div><div id="a149665_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:31.2px;">7,699</div><div id="a149668" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:47.8px;">of which: Swiss </div><div id="a149671_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:520.377px;top:47.8px;">4,052</div><div id="a149674_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:588.51px;top:47.8px;">2,983</div><div id="a149677_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:47.8px;">3,042</div><div id="a149680" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:63.9px;">of which: non-Swiss </div><div id="a149685_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:520.377px;top:63.9px;">4,907</div><div id="a149688_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:588.51px;top:63.9px;">5,981</div><div id="a149691_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:63.9px;">4,657</div><div id="a149694" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:80.4px;">Income taxes at Swiss tax rate of </div><div id="a149694_34_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:124.245px;top:80.4px;">18</div><div id="a149694_36_12" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:134.177px;top:80.4px;">% for 2022, </div><div id="a149694_48_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:180.995px;top:80.4px;">18.5</div><div id="a149694_52_15" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:198.019px;top:80.4px;">% for 2021 and </div><div id="a149694_67_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:258.552px;top:80.4px;">19.5</div><div id="a149694_71_11" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:275.576px;top:80.4px;">% for 2020 </div><div id="a149697_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:80.4px;">1,613</div><div id="a149700_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:80.4px;">1,658</div><div id="a149703_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:80.4px;">1,501</div><div id="a149706" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:96.5px;">Increase / (decrease) resulting from: </div><div id="a149712" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.1px;">Non-Swiss tax rates differing from Swiss tax rate </div><div id="a149717_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:113.1px;">267</div><div id="a149720_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:113.1px;">217</div><div id="a149723_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:113.1px;">96</div><div id="a149726" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:129.6px;">Tax effects of losses not recognized </div><div id="a149729_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:532.684px;top:129.6px;">74</div><div id="a149732_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:129.6px;">124</div><div id="a149735_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:129.6px;">144</div><div id="a149738" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:145.7px;">Previously unrecognized tax losses now utilized </div><div id="a149741_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:522.75px;top:145.7px;display:flex;">(217)</div><div id="a149744_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:590.884px;top:145.7px;display:flex;">(179)</div><div id="a149747_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.044px;top:145.7px;display:flex;">(212)</div><div id="a149750" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:162.3px;">Non-taxable and lower-taxed income </div><div id="a149757_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:522.75px;top:162.3px;display:flex;">(316)</div><div id="a149760_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:590.884px;top:162.3px;display:flex;">(252)</div><div id="a149763_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.044px;top:162.3px;display:flex;">(381)</div><div id="a149766" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:178.4px;">Non-deductible expenses and additional taxable income </div><div id="a149771_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:178.4px;">414</div><div id="a149774_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:178.4px;">487</div><div id="a149777_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:178.4px;">373</div><div id="a149780" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:194.9px;">Adjustments related to prior years, current<div style="display:inline-block;width:3.79px"> </div>tax </div><div id="a149783_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.95px;top:194.9px;display:flex;">(33)</div><div id="a149786_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:194.9px;display:flex;">(38)</div><div id="a149789_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:194.9px;display:flex;">(66)</div><div id="a149792" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:211px;">Adjustments related to prior years, deferred<div style="display:inline-block;width:3.92px"> </div>tax </div><div id="a149795_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:532.684px;top:211px;">19</div><div id="a149798_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.364px;top:211px;display:flex;">(3)</div><div id="a149801_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:211px;">18</div><div id="a149804" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:227.6px;">Change in deferred tax recognition </div><div id="a149807_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:522.75px;top:227.6px;display:flex;">(217)</div><div id="a149810_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:590.884px;top:227.6px;display:flex;">(341)</div><div id="a149813_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.044px;top:227.6px;display:flex;">(383)</div><div id="a149816" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:243.6px;">Adjustments to deferred tax balances arising from changes in tax<div style="display:inline-block;width:3.98px"> </div>rates </div><div id="a149819_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:537.404px;top:243.6px;">0</div><div id="a149822_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.364px;top:243.6px;display:flex;">(1)</div><div id="a149825_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:243.6px;">235</div><div id="a149828" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:260.2px;">Other items </div><div id="a149831_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:260.2px;">240</div><div id="a149834_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:260.2px;">230</div><div id="a149837_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:260.2px;">163</div><div id="a149840" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:276.3px;">Income tax expense / (benefit)<div style="display:inline-block;width:3.55px"> </div></div><div id="a149843_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:276.3px;">1,844</div><div id="a149846_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:276.3px;">1,903</div><div id="a149849_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:276.3px;">1,488</div></div></div></div><div id="TextBlockContainer1152" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:633px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a149889" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">The components of operating profit<div style="display:inline-block;width:2.17px"> </div>before tax, and the<div style="display:inline-block;width:2.27px"> </div>differences between income tax<div style="display:inline-block;width:2.32px"> </div>expense reflected in the financial </div><div id="a149890" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">statements and the amounts<div style="display:inline-block;width:5.06px"> </div>calculated at the Swiss tax rate, are provided<div style="display:inline-block;width:5.68px"> </div>in the table above<div style="display:inline-block;width:5.18px"> </div>and explained below. </div><div id="a149895" style="position:absolute;font-family:'Frutiger';font-size:11.823px;font-weight:light;font-style:normal;left:4.905px;top:31.1px;"> </div><div id="a149896" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;left:15.782px;top:49.6px;">Component </div><div id="a149898" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;left:150.178px;top:49.6px;">Description </div><div id="a149900" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;left:15.782px;top:71.4px;">Non-Swiss tax rates </div><div id="a149903" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;left:15.782px;top:83.7px;">differing from the </div><div id="a149905" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;left:15.782px;top:95.5px;">Swiss tax rate </div><div id="a149907" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;left:150.178px;top:71.6px;">To<div style="display:inline-block;width:4.33px"> </div>the extent that UBS AG profits or losses<div style="display:inline-block;width:4.15px"> </div>arise outside Switzerland, the applicable<div style="display:inline-block;width:4.15px"> </div>local tax rate may differ from the </div><div id="a149911" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;left:150.178px;top:83.9px;">Swiss tax rate. This item reflects,<div style="display:inline-block;width:4.3px"> </div>for such profits, an adjustment<div style="display:inline-block;width:4.4px"> </div>from the tax expense that would arise at the Swiss tax </div><div id="a149913" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;left:150.178px;top:95.7px;">rate to the tax expense<div style="display:inline-block;width:4.1px"> </div>that would arise at the applicable local tax rate. Similarly,<div style="display:inline-block;width:5.25px"> </div>it reflects, for such losses, an adjustment </div><div id="a149915" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;left:150.178px;top:107.6px;">from the tax benefit<div style="display:inline-block;width:4.12px"> </div>that would arise at the Swiss tax rate to the tax<div style="display:inline-block;width:4.25px"> </div>benefit that would arise at the applicable local<div style="display:inline-block;width:4.14px"> </div>tax </div><div id="a149917" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;left:150.178px;top:119.9px;">rate. </div><div id="a149919" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;left:15.782px;top:143.3px;">Tax<div style="display:inline-block;width:4.39px"> </div>effects of losses </div><div id="a149920" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;left:15.782px;top:155.1px;">not recognized </div><div id="a149922" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;left:150.178px;top:143.5px;">This item relates to tax losses<div style="display:inline-block;width:4.43px"> </div>of entities arising in the year that are not<div style="display:inline-block;width:4.33px"> </div>recognized as DTAs and<div style="display:inline-block;width:4.29px"> </div>where no tax benefit arises </div><div id="a149924" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;left:150.178px;top:155.4px;">in relation to those losses. Therefore,<div style="display:inline-block;width:5.17px"> </div>the tax benefit calculated by applying the local tax<div style="display:inline-block;width:4.17px"> </div>rate to those losses as described </div><div id="a149926" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;left:150.178px;top:167.2px;">above is reversed. </div><div id="a149928" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;left:15.782px;top:190.6px;">Previously </div><div id="a149929" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;left:15.782px;top:202.9px;">unrecognized tax<div style="display:inline-block;width:4.19px"> </div>losses </div><div id="a149930" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;left:15.782px;top:214.7px;">now utilized </div><div id="a149932" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;left:150.178px;top:190.9px;">This item relates to taxable<div style="display:inline-block;width:4.36px"> </div>profits of the year that are offset by tax<div style="display:inline-block;width:4.17px"> </div>losses of previous years for which<div style="display:inline-block;width:4.29px"> </div>no DTAs were </div><div id="a149934" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;left:150.178px;top:203.2px;">previously recorded.<div style="display:inline-block;width:4.47px"> </div>Consequently, no current<div style="display:inline-block;width:4.6px"> </div>tax or deferred tax expense arises in relation<div style="display:inline-block;width:4.45px"> </div>to those taxable profits and </div><div id="a149935" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;left:150.178px;top:215px;">the tax expense calculated by applying<div style="display:inline-block;width:4.63px"> </div>the local tax rate on those profits is reversed. </div><div id="a149937" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;left:15.782px;top:238.4px;">Non-taxable and lower-</div><div id="a149941" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;left:15.782px;top:250.2px;">taxed income </div><div id="a149943" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;left:150.178px;top:238.6px;">This item relates to tax deductions<div style="display:inline-block;width:4.58px"> </div>for the year in respect of permanent differences.<div style="display:inline-block;width:4.31px"> </div>These include deductions in respect<div style="display:inline-block;width:4.23px"> </div>of </div><div id="a149944" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;left:150.178px;top:250.4px;">profits that are either not<div style="display:inline-block;width:4.45px"> </div>taxable or are taxable at a lower rate of<div style="display:inline-block;width:4.21px"> </div>tax than the local tax rate. They also include deductions </div><div id="a149946" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;left:150.178px;top:262.8px;">made for tax purposes, which are<div style="display:inline-block;width:4.49px"> </div>not reflected in the accounts. </div><div id="a149948" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;left:15.782px;top:286.2px;">Non-deductible </div><div id="a149951" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;left:15.782px;top:298px;">expenses and </div><div id="a149952" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;left:15.782px;top:309.8px;">additional taxable </div><div id="a149953" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;left:15.782px;top:322.1px;">income </div><div id="a149955" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;left:150.178px;top:286.4px;">This item relates to additional<div style="display:inline-block;width:4.1px"> </div>taxable income for the year in respect<div style="display:inline-block;width:4.36px"> </div>of permanent differences. These<div style="display:inline-block;width:4.18px"> </div>include income that </div><div id="a149957" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;left:150.178px;top:298.2px;">is recognized for tax purposes<div style="display:inline-block;width:4.33px"> </div>by an entity but is not included in its profit<div style="display:inline-block;width:4.23px"> </div>that is reported in the financial statements, as </div><div id="a149959" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;left:150.178px;top:310.1px;">well as expenses for the year that are<div style="display:inline-block;width:4.66px"> </div>non-deductible (e.g., client entertainment<div style="display:inline-block;width:4.16px"> </div>costs are not deductible in certain </div><div id="a149963" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;left:150.178px;top:322.4px;">locations). </div><div id="a149965" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;left:15.782px;top:345.8px;">Adjustments related to </div><div id="a149966" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;left:15.782px;top:357.6px;">prior years,<div style="display:inline-block;width:3.32px"> </div>current tax </div><div id="a149970" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;left:150.178px;top:346px;">This item relates to adjustments<div style="display:inline-block;width:4.18px"> </div>to current tax expense for prior years<div style="display:inline-block;width:4.36px"> </div>(e.g., if the tax payable for a year is agreed with the </div><div id="a149972" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;left:150.178px;top:357.9px;">tax authorities in an amount<div style="display:inline-block;width:4.15px"> </div>that differs from the amount previously<div style="display:inline-block;width:4.25px"> </div>reflected in the financial statements). </div><div id="a149975" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;left:15.782px;top:381.3px;">Adjustments related to </div><div id="a149976" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;left:15.782px;top:393.1px;">prior years,<div style="display:inline-block;width:3.32px"> </div>deferred </div><div id="a149979" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;left:15.782px;top:405.4px;">tax </div><div id="a149981" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;left:150.178px;top:381.5px;">This item relates to adjustments<div style="display:inline-block;width:4.18px"> </div>to deferred tax positions recognized<div style="display:inline-block;width:4.11px"> </div>in prior years (e.g., if a tax loss for a<div style="display:inline-block;width:4.4px"> </div>year is fully </div><div id="a149983" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;left:150.178px;top:393.3px;">recognized and<div style="display:inline-block;width:4.14px"> </div>the amount of the tax loss agreed with the tax<div style="display:inline-block;width:4.17px"> </div>authorities is expected to differ<div style="display:inline-block;width:4.11px"> </div>from the amount previously </div><div id="a149986" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;left:150.178px;top:405.6px;">recognized as DTAs<div style="display:inline-block;width:4.62px"> </div>in the accounts). </div><div id="a149988" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;left:15.782px;top:429.1px;">Change in deferred tax </div><div id="a149989" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;left:15.782px;top:440.9px;">recognition </div><div id="a149991" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;left:150.178px;top:429.3px;">This item relates to changes<div style="display:inline-block;width:4.18px"> </div>in DTAs, including<div style="display:inline-block;width:4.48px"> </div>changes in DTAs previously<div style="display:inline-block;width:4.35px"> </div>recognized resulting from reassessments<div style="display:inline-block;width:4.16px"> </div>of </div><div id="a149996" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;left:150.178px;top:441.1px;">expected future taxable profits.<div style="display:inline-block;width:4.61px"> </div>It also includes changes in temporary differences<div style="display:inline-block;width:4.58px"> </div>in the year, for<div style="display:inline-block;width:4.3px"> </div>which deferred tax is not </div><div id="a149998" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;left:150.178px;top:452.9px;">recognized. </div><div id="a150000" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;left:15.782px;top:476.4px;">Adjustments to </div><div id="a150001" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;left:15.782px;top:488.6px;">deferred tax balances </div><div id="a150002" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;left:15.782px;top:500.5px;">arising from changes in </div><div id="a150003" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;left:15.782px;top:512.3px;">tax rates </div><div id="a150006" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;left:150.178px;top:476.6px;">This item relates to remeasurements<div style="display:inline-block;width:4.71px"> </div>of DTAs and<div style="display:inline-block;width:4.17px"> </div>liabilities recognized due to changes in<div style="display:inline-block;width:4.23px"> </div>tax rates. These have the effect </div><div id="a150009" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;left:150.178px;top:488.9px;">of changing the future tax<div style="display:inline-block;width:4.1px"> </div>saving that is expected from tax<div style="display:inline-block;width:4.12px"> </div>losses or deductible tax differences and<div style="display:inline-block;width:4.5px"> </div>therefore the amount </div><div id="a150010" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;left:150.178px;top:500.7px;">of DTAs recognized<div style="display:inline-block;width:4.62px"> </div>or, alternatively,<div style="display:inline-block;width:4.73px"> </div>changing the tax cost of additional<div style="display:inline-block;width:4.11px"> </div>taxable income from taxable temporary </div><div id="a150012" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;left:150.178px;top:512.6px;">differences and<div style="display:inline-block;width:4.29px"> </div>therefore the deferred tax liability. </div><div id="a150014" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;left:15.782px;top:536px;">Other items </div><div id="a150016" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;left:150.178px;top:536.2px;">Other items include other differences<div style="display:inline-block;width:4.84px"> </div>between profits or losses at the local tax<div style="display:inline-block;width:4.18px"> </div>rate and the actual local tax expense or </div><div id="a150017" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;left:150.178px;top:548.5px;">benefit, including movements<div style="display:inline-block;width:4.27px"> </div>in provisions for uncertain positions in<div style="display:inline-block;width:4.14px"> </div>relation to the current year and<div style="display:inline-block;width:4.13px"> </div>other items. </div><div id="a150020" style="position:absolute;font-family:'Frutiger';font-size:11.823px;font-weight:light;font-style:normal;left:4.905px;top:568.1px;"> </div><div id="a150021" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#E60000;left:4.905px;top:581.1px;">Income tax recognized directly in equity </div><div id="a150023" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:604.1px;">A net tax benefit of USD </div><div id="a150023_25_5" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:147.818px;top:604.1px;">1,095</div><div id="a150023_30_20" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:181.872px;top:604.1px;">m was recognized in </div><div id="a150030" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:302.552px;top:603.9px;">Other comprehensive income</div><div id="a150031" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:468.632px;top:604.1px;"><div style="display:inline-block;width:3.79px"> </div>(2021: net benefit<div style="display:inline-block;width:5.12px"> </div>of USD </div><div id="a150031_27_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:623.845px;top:604.1px;">455</div><div id="a150031_30_7" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:646.538px;top:604.1px;">m) and </div><div id="a150042" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:619.3px;">a net tax benefit of USD </div><div id="a150042_25_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:145.458px;top:619.3px;">5</div><div id="a150042_26_20" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:153.018px;top:619.3px;">m was recognized in </div><div id="a150051" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:274.152px;top:619px;">Share premium </div><div id="a150052" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:364.058px;top:619.3px;">(2021: net expense<div style="display:inline-block;width:5.37px"> </div>of USD </div><div id="a150052_26_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:521.165px;top:619.3px;">102</div><div id="a150052_29_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:543.392px;top:619.3px;">m).</div></div><div id="TextBlockContainer1154" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:204px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a150099" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Deferred tax assets and liabilities </div><div id="a150101" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23px;">UBS<div style="display:inline-block;width:5.08px"> </div>AG has<div style="display:inline-block;width:6.11px"> </div>gross<div style="display:inline-block;width:5.32px"> </div>DTAs,<div style="display:inline-block;width:6.09px"> </div>valuation allowances<div style="display:inline-block;width:6.44px"> </div>and<div style="display:inline-block;width:5.13px"> </div>recognized<div style="display:inline-block;width:5.12px"> </div>DTAs<div style="display:inline-block;width:5.98px"> </div>related<div style="display:inline-block;width:5.71px"> </div>to tax<div style="display:inline-block;width:6.42px"> </div>loss carry-forwards<div style="display:inline-block;width:6.68px"> </div>and<div style="display:inline-block;width:5.13px"> </div>deductible </div><div id="a150106" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.7px;">temporary differences, as well as deferred tax liabilities in respect of taxable temporary differences, as shown in the table </div><div id="a150108" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">below.<div style="display:inline-block;width:5.5px"> </div>The valuation<div style="display:inline-block;width:5.08px"> </div>allowances reflect<div style="display:inline-block;width:5.97px"> </div>DTAs<div style="display:inline-block;width:5.51px"> </div>that were<div style="display:inline-block;width:5.39px"> </div>not recognized<div style="display:inline-block;width:5.94px"> </div>because, as<div style="display:inline-block;width:5.71px"> </div>of the last<div style="display:inline-block;width:5.77px"> </div>remeasurement<div style="display:inline-block;width:5.37px"> </div>period, </div><div id="a150110" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:69.4px;">management<div style="display:inline-block;width:5.35px"> </div>did<div style="display:inline-block;width:5.5px"> </div>not<div style="display:inline-block;width:5.45px"> </div>consider it<div style="display:inline-block;width:6.19px"> </div>probable<div style="display:inline-block;width:5.52px"> </div>that<div style="display:inline-block;width:5.1px"> </div>there<div style="display:inline-block;width:5.34px"> </div>would<div style="display:inline-block;width:5.34px"> </div>be sufficient<div style="display:inline-block;width:6.28px"> </div>future<div style="display:inline-block;width:5.39px"> </div>taxable<div style="display:inline-block;width:5.89px"> </div>profits<div style="display:inline-block;width:5.33px"> </div>available to<div style="display:inline-block;width:6.46px"> </div>utilize<div style="display:inline-block;width:5.21px"> </div>the </div><div id="a150111" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:84.5px;">related tax loss carry-forwards<div style="display:inline-block;width:5.4px"> </div>and deductible temporary differences<div style="display:inline-block;width:1.81px"> </div>. </div><div id="a150117" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.3px;">The recognition of DTAs<div style="display:inline-block;width:5.19px"> </div>is supported by<div style="display:inline-block;width:5.16px"> </div>forecasts of taxable profits<div style="display:inline-block;width:5.31px"> </div>for the entities<div style="display:inline-block;width:5.09px"> </div>concerned. In<div style="display:inline-block;width:5.05px"> </div>addition, tax planning </div><div id="a150118" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:122.4px;">opportunities are available that would result in additional future taxable<div style="display:inline-block;width:1.79px"> </div>income and these would be utilized, if<div style="display:inline-block;width:1.94px"> </div>necessary. </div><div id="a150120" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:145.6px;">Deferred tax liabilities<div style="display:inline-block;width:5.64px"> </div>are recognized<div style="display:inline-block;width:5.31px"> </div>in respect of<div style="display:inline-block;width:5.54px"> </div>investments in subsidiaries,<div style="display:inline-block;width:5.64px"> </div>branches<div style="display:inline-block;width:5.03px"> </div>and associates, and<div style="display:inline-block;width:5.74px"> </div>interests in </div><div id="a150123" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.7px;">joint arrangements,<div style="display:inline-block;width:5.97px"> </div>except to<div style="display:inline-block;width:5.95px"> </div>the extent<div style="display:inline-block;width:5.99px"> </div>that UBS<div style="display:inline-block;width:6.19px"> </div>AG can<div style="display:inline-block;width:5.86px"> </div>control the<div style="display:inline-block;width:6.06px"> </div>timing<div style="display:inline-block;width:5.09px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>reversal of<div style="display:inline-block;width:5.5px"> </div>the associated<div style="display:inline-block;width:6.34px"> </div>taxable </div><div id="a150127" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:175.8px;">temporary difference and it is probable<div style="display:inline-block;width:5.43px"> </div>that such will not reverse in the foreseeable<div style="display:inline-block;width:5.07px"> </div>future. However, as of 31 December </div><div id="a150132" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:191px;">2022, this exception was not<div style="display:inline-block;width:5.01px"> </div>considered to apply to any<div style="display:inline-block;width:5.03px"> </div>taxable temporary differences.</div></div><div id="TextBlockContainer1158" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:268px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1156_XBRL_TS_2772dd75a6d0443e96a0cbfa6895f160" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1157" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:268px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a150140" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a150144" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:339.644px;top:0px;">31.12.22 </div><div id="a150149" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:555.884px;top:0px;">31.12.21 </div><div id="a150152" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:3.181px;top:28.2px;">Deferred tax assets</div><div id="a150153" style="position:absolute;font-family:'Frutiger';font-size:6.148px;font-weight:bold;font-style:normal;color:#9A3D37;left:93.564px;top:28.9px;">1</div><div id="a150156" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:295.63px;top:27.9px;">Gross </div><div id="a150158" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:356.657px;top:16.5px;">Valuation </div><div id="a150160" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:354.777px;top:27.9px;">allowance </div><div id="a150162" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:420.537px;top:27.9px;">Recognized </div><div id="a150165" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.404px;top:27.9px;">Gross </div><div id="a150167" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.91px;top:16.5px;">Valuation </div><div id="a150169" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.017px;top:27.9px;">allowance </div><div id="a150171" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:636.777px;top:27.9px;">Recognized </div><div id="a150173" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:41.2px;">Tax loss carry-forwards </div><div id="a150178_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:289.484px;top:41.2px;">12,708</div><div id="a150181_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:365.177px;top:41.2px;display:flex;">(8,720)</div><div id="a150184_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:440.404px;top:41.2px;">3,988</div><div id="a150188_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.257px;top:41.2px;">13,636</div><div id="a150191_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.95px;top:41.2px;display:flex;">(9,193)</div><div id="a150194_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:41.2px;">4,443</div><div id="a150197" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:55.4px;">Temporary differences </div><div id="a150200_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:294.204px;top:55.4px;">5,774</div><div id="a150203_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:372.27px;top:55.4px;display:flex;">(408)</div><div id="a150206_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:440.404px;top:55.4px;">5,365</div><div id="a150210_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.977px;top:55.4px;">5,092</div><div id="a150213_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:55.4px;display:flex;">(696)</div><div id="a150216_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:55.4px;">4,396</div><div id="a150219" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:69.1px;">of which: related to real estate costs capitalized for US tax </div><div id="a150220" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:80.9px;">purposes </div><div id="a150223_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:294.204px;top:80.9px;">2,485</div><div id="a150226_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:386.924px;top:80.9px;">0</div><div id="a150229_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:440.404px;top:80.9px;">2,485</div><div id="a150233_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.977px;top:80.9px;">2,272</div><div id="a150236_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.204px;top:80.9px;">0</div><div id="a150239_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:80.9px;">2,272</div><div id="a150242" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:94.6px;">of which: related to compensation and benefits </div><div id="a150245_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:294.204px;top:94.6px;">1,169</div><div id="a150248_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:372.27px;top:94.6px;display:flex;">(175)</div><div id="a150251_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:447.524px;top:94.6px;">993</div><div id="a150255_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.977px;top:94.6px;">1,200</div><div id="a150258_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:588.51px;top:94.6px;display:flex;">(209)</div><div id="a150261_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.764px;top:94.6px;">991</div><div id="a150264" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:108.8px;">of which: related to cash flow hedges </div><div id="a150267_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:301.297px;top:108.8px;">947</div><div id="a150270_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:386.924px;top:108.8px;">0</div><div id="a150273_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:447.524px;top:108.8px;">947</div><div id="a150277_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:527.004px;top:108.8px;">3</div><div id="a150280_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.204px;top:108.8px;">0</div><div id="a150283_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.697px;top:108.8px;">3</div><div id="a150286" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:123px;">of which: other </div><div id="a150289_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:294.204px;top:123px;">1,173</div><div id="a150292_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:372.27px;top:123px;display:flex;">(233)</div><div id="a150295_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:447.524px;top:123px;">940</div><div id="a150299_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.977px;top:123px;">1,620</div><div id="a150302_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:588.51px;top:123px;display:flex;">(487)</div><div id="a150305_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:123px;">1,133</div><div id="a150308" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:136.7px;">Total deferred tax<div style="display:inline-block;width:3.76px"> </div>assets </div><div id="a150311_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:289.484px;top:136.7px;">18,482</div><div id="a150314_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:365.177px;top:136.7px;display:flex;">(9,128)</div><div id="a150317_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:437.564px;top:136.7px;">9,354</div><div id="a150319" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:459.35px;top:137.4px;">2 </div><div id="a150322_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.257px;top:136.7px;">18,728</div><div id="a150325_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.95px;top:136.7px;display:flex;">(9,889)</div><div id="a150328_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:654.31px;top:136.7px;">8,839</div><div id="a150330" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:675.59px;top:137.4px;">2 </div><div id="a150332" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:151.4px;">of which: related to the US </div><div id="a150337_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:440.404px;top:151.4px;">8,294</div><div id="a150343_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:151.4px;">8,521</div><div id="a150346" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:165.6px;">of which: related to other locations </div><div id="a150351_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:440.404px;top:165.6px;">1,060</div><div id="a150357_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.764px;top:165.6px;">318</div><div id="a150369" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:3.181px;top:192.9px;">Deferred tax liabilities </div><div id="a150379" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:206.8px;">Cash flow hedges </div><div id="a150385_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.457px;top:206.8px;">0</div><div id="a150391_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:206.8px;">118</div><div id="a150394" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:220.9px;">Other </div><div id="a150399_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:447.524px;top:220.9px;">233</div><div id="a150405_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:220.9px;">179</div><div id="a150408" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:235.1px;">Total deferred tax liabilities </div><div id="a150413_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:447.524px;top:235.1px;">233</div><div id="a150419_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:235.1px;">297</div><div id="a150422" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:249.7px;">1 After offset of DTLs,<div style="display:inline-block;width:3.49px"> </div>as applicable.<div style="display:inline-block;width:10.11px"> </div>2 As of 31 December 2022,<div style="display:inline-block;width:4.2px"> </div>UBS AG recognized<div style="display:inline-block;width:3.46px"> </div>DTAs of USD </div><div id="a150422_98_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:321.917px;top:249.7px;">471</div><div id="a150422_101_25" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:334.686px;top:249.7px;">m (31 December 2021:<div style="display:inline-block;width:3.55px"> </div>USD </div><div id="a150422_126_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:425.737px;top:249.7px;">77</div><div id="a150422_128_82" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:434.249px;top:249.7px;">m) in respect of<div style="display:inline-block;width:3.47px"> </div>entities that incurred losses<div style="display:inline-block;width:3.69px"> </div>in either the current<div style="display:inline-block;width:3.64px"> </div>or preceding </div><div id="a150426" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:259.6px;">year.</div></div></div></div><div id="TextBlockContainer1160" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:90px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a150429" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">In general, US federal tax losses incurred<div style="display:inline-block;width:5.77px"> </div>prior to 31 December 2017<div style="display:inline-block;width:5.49px"> </div>can be carried forward<div style="display:inline-block;width:5.12px"> </div>for 20 years. US federal tax </div><div id="a150433" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">losses incurred after that date<div style="display:inline-block;width:2.27px"> </div>can be carried forward indefinitely, although the utilization of such losses is limited<div style="display:inline-block;width:1.64px"> </div>to 80% </div><div id="a150436" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.7px;">of the<div style="display:inline-block;width:5.88px"> </div>entity’s future<div style="display:inline-block;width:5.71px"> </div>year taxable<div style="display:inline-block;width:5.17px"> </div>profits. UK<div style="display:inline-block;width:6.28px"> </div>tax losses<div style="display:inline-block;width:5.69px"> </div>can also<div style="display:inline-block;width:5.45px"> </div>be carried<div style="display:inline-block;width:5.57px"> </div>forward indefinitely;<div style="display:inline-block;width:5.85px"> </div>they can<div style="display:inline-block;width:5.63px"> </div>shelter up<div style="display:inline-block;width:6.02px"> </div>to </div><div id="a150440" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.9px;">either 25%<div style="display:inline-block;width:5.03px"> </div>or 50% of future<div style="display:inline-block;width:5.73px"> </div>year taxable profits,<div style="display:inline-block;width:5.03px"> </div>depending on when<div style="display:inline-block;width:5.54px"> </div>the tax losses<div style="display:inline-block;width:5.16px"> </div>arose. The<div style="display:inline-block;width:5.03px"> </div>amounts of US<div style="display:inline-block;width:5.02px"> </div>tax loss </div><div id="a150444" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61px;">carry-forwards that<div style="display:inline-block;width:5.22px"> </div>are included<div style="display:inline-block;width:5.79px"> </div>in the table<div style="display:inline-block;width:5.5px"> </div>below are<div style="display:inline-block;width:5.32px"> </div>based on<div style="display:inline-block;width:5.69px"> </div>their amount<div style="display:inline-block;width:5.4px"> </div>for federal tax<div style="display:inline-block;width:5.69px"> </div>purposes rather<div style="display:inline-block;width:5.8px"> </div>than for </div><div id="a150448" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;">state and local tax purposes.</div></div><div id="TextBlockContainer1163" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:186px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a150452" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Unrecognized tax loss carry-forwards </div><div id="a150458" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:15.3px;">USD m </div><div id="a150460" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.195px;top:15.3px;">31.12.22 </div><div id="a150462" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:645.315px;top:15.3px;">31.12.21 </div><div id="a150464" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:31.4px;">Within 1 year </div><div id="a150466_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:31.4px;">231</div><div id="a150469_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:664.262px;top:31.4px;">141</div><div id="a150472" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:47.5px;">From 2 to 5 years </div><div id="a150474_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.008px;top:47.5px;">2,184</div><div id="a150477_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:657.168px;top:47.5px;">1,026</div><div id="a150480" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:64px;">From 6 to 10 years </div><div id="a150482_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.288px;top:64px;">11,106</div><div id="a150485_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:652.448px;top:64px;">13,283</div><div id="a150488" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:80.1px;">From 11 to 20 years </div><div id="a150490_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.008px;top:80.1px;">1,610</div><div id="a150493_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:657.168px;top:80.1px;">2,093</div><div id="a150496" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:96.7px;">No expiry </div><div id="a150498_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.288px;top:96.7px;">16,960</div><div id="a150501_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:652.448px;top:96.7px;">18,147</div><div id="a150504" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:112.8px;">Total </div><div id="a150506_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.288px;top:112.8px;">32,091</div><div id="a150509_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:652.448px;top:112.8px;">34,690</div><div id="a150512" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.664px;top:129.8px;">of which: related to the US</div><div id="a150513" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;color:#000000;left:110.142px;top:130.4px;">1</div><div id="a150515_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.288px;top:129.8px;">13,350</div><div id="a150518_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:652.448px;top:129.8px;">14,870</div><div id="a150521" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.664px;top:146.3px;">of which: related to the UK </div><div id="a150523_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.288px;top:146.3px;">14,332</div><div id="a150526_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:652.448px;top:146.3px;">14,909</div><div id="a150529" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.664px;top:162.4px;">of which: related to other locations </div><div id="a150532_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.008px;top:162.4px;">4,409</div><div id="a150535_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:657.168px;top:162.4px;">4,911</div><div id="a150538" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:177.5px;">1 Related to UBS AG’s<div style="display:inline-block;width:3.96px"> </div>US branch.</div></div> <div id="TextBlockContainer1144" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:201px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1142_XBRL_TS_417259d432a449f19ed3999c2069cb91" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1143" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:201px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a149432" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.497px;top:0px;">For the year ended </div><div id="a149434" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:15.6px;">USD m </div><div id="a149437" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.564px;top:15.6px;">31.12.22 </div><div id="a149439" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.697px;top:15.6px;">31.12.21 </div><div id="a149441" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:15.6px;">31.12.20 </div><div id="a149448" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:3.181px;top:46.2px;">Tax<div style="display:inline-block;width:4.39px"> </div>expense / (benefit) </div><div id="a149455" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:62px;">Swiss </div><div id="a149461" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:78.1px;">Current </div><div id="a149464_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:78.1px;">664</div><div id="a149467_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:78.1px;">614</div><div id="a149470_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:78.1px;">417</div><div id="a149473" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:94.6px;">Deferred </div><div id="a149476_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.95px;top:94.6px;display:flex;">(22)</div><div id="a149479_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.844px;top:94.6px;">26</div><div id="a149482_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:94.6px;">107</div><div id="a149485" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:110.7px;">Total Swiss </div><div id="a149488_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:110.7px;">642</div><div id="a149491_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:110.7px;">640</div><div id="a149494_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:110.7px;">524</div><div id="a149497" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:126.3px;">Non-Swiss<div style="display:inline-block;width:2.99px"> </div></div><div id="a149505" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:142.9px;">Current </div><div id="a149508_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:142.9px;">689</div><div id="a149511_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:142.9px;">857</div><div id="a149514_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:142.9px;">715</div><div id="a149517" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:159px;">Deferred </div><div id="a149520_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:159px;">513</div><div id="a149523_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:159px;">406</div><div id="a149526_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:159px;">248</div><div id="a149529" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:175.5px;">Total non-Swiss </div><div id="a149534_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:175.5px;">1,202</div><div id="a149537_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:175.5px;">1,263</div><div id="a149540_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:175.5px;">963</div><div id="a149543" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:191.1px;">Total income tax expense<div style="display:inline-block;width:4.08px"> </div>/ (benefit) recognized in the income statement </div><div id="a149547_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:191.1px;">1,844</div><div id="a149550_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:191.1px;">1,903</div><div id="a149553_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:191.1px;">1,488</div></div></div></div> 664000000 614000000 417000000 -22000000 26000000 107000000 642000000 640000000 524000000 689000000 857000000 715000000 513000000 406000000 248000000 1202000000 1263000000 963000000 1844000000 1903000000 1488000000 678000000 -169000000 0.206 0.24 -169000000 <div id="TextBlockContainer1149" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:287px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a149645" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.497px;top:0px;">For the year ended </div><div id="a149647" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:15.6px;">USD m </div><div id="a149650" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.564px;top:15.6px;">31.12.22 </div><div id="a149652" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.697px;top:15.6px;">31.12.21 </div><div id="a149654" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:15.6px;">31.12.20 </div><div id="a149656" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:31.2px;">Operating profit / (loss) before tax </div><div id="a149659_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:31.2px;">8,960</div><div id="a149662_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:31.2px;">8,964</div><div id="a149665_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:31.2px;">7,699</div><div id="a149668" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:47.8px;">of which: Swiss </div><div id="a149671_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:520.377px;top:47.8px;">4,052</div><div id="a149674_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:588.51px;top:47.8px;">2,983</div><div id="a149677_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:47.8px;">3,042</div><div id="a149680" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:63.9px;">of which: non-Swiss </div><div id="a149685_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:520.377px;top:63.9px;">4,907</div><div id="a149688_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:588.51px;top:63.9px;">5,981</div><div id="a149691_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:63.9px;">4,657</div><div id="a149694" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:80.4px;">Income taxes at Swiss tax rate of </div><div id="a149694_34_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:124.245px;top:80.4px;">18</div><div id="a149694_36_12" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:134.177px;top:80.4px;">% for 2022, </div><div id="a149694_48_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:180.995px;top:80.4px;">18.5</div><div id="a149694_52_15" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:198.019px;top:80.4px;">% for 2021 and </div><div id="a149694_67_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:258.552px;top:80.4px;">19.5</div><div id="a149694_71_11" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:275.576px;top:80.4px;">% for 2020 </div><div id="a149697_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:80.4px;">1,613</div><div id="a149700_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:80.4px;">1,658</div><div id="a149703_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:80.4px;">1,501</div><div id="a149706" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:96.5px;">Increase / (decrease) resulting from: </div><div id="a149712" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.1px;">Non-Swiss tax rates differing from Swiss tax rate </div><div id="a149717_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:113.1px;">267</div><div id="a149720_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:113.1px;">217</div><div id="a149723_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:113.1px;">96</div><div id="a149726" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:129.6px;">Tax effects of losses not recognized </div><div id="a149729_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:532.684px;top:129.6px;">74</div><div id="a149732_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:129.6px;">124</div><div id="a149735_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:129.6px;">144</div><div id="a149738" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:145.7px;">Previously unrecognized tax losses now utilized </div><div id="a149741_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:522.75px;top:145.7px;display:flex;">(217)</div><div id="a149744_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:590.884px;top:145.7px;display:flex;">(179)</div><div id="a149747_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.044px;top:145.7px;display:flex;">(212)</div><div id="a149750" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:162.3px;">Non-taxable and lower-taxed income </div><div id="a149757_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:522.75px;top:162.3px;display:flex;">(316)</div><div id="a149760_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:590.884px;top:162.3px;display:flex;">(252)</div><div id="a149763_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.044px;top:162.3px;display:flex;">(381)</div><div id="a149766" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:178.4px;">Non-deductible expenses and additional taxable income </div><div id="a149771_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:178.4px;">414</div><div id="a149774_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:178.4px;">487</div><div id="a149777_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:178.4px;">373</div><div id="a149780" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:194.9px;">Adjustments related to prior years, current<div style="display:inline-block;width:3.79px"> </div>tax </div><div id="a149783_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.95px;top:194.9px;display:flex;">(33)</div><div id="a149786_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:194.9px;display:flex;">(38)</div><div id="a149789_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:194.9px;display:flex;">(66)</div><div id="a149792" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:211px;">Adjustments related to prior years, deferred<div style="display:inline-block;width:3.92px"> </div>tax </div><div id="a149795_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:532.684px;top:211px;">19</div><div id="a149798_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.364px;top:211px;display:flex;">(3)</div><div id="a149801_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:211px;">18</div><div id="a149804" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:227.6px;">Change in deferred tax recognition </div><div id="a149807_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:522.75px;top:227.6px;display:flex;">(217)</div><div id="a149810_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:590.884px;top:227.6px;display:flex;">(341)</div><div id="a149813_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.044px;top:227.6px;display:flex;">(383)</div><div id="a149816" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:243.6px;">Adjustments to deferred tax balances arising from changes in tax<div style="display:inline-block;width:3.98px"> </div>rates </div><div id="a149819_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:537.404px;top:243.6px;">0</div><div id="a149822_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.364px;top:243.6px;display:flex;">(1)</div><div id="a149825_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:243.6px;">235</div><div id="a149828" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:260.2px;">Other items </div><div id="a149831_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.484px;top:260.2px;">240</div><div id="a149834_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:260.2px;">230</div><div id="a149837_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:260.2px;">163</div><div id="a149840" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:276.3px;">Income tax expense / (benefit)<div style="display:inline-block;width:3.55px"> </div></div><div id="a149843_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:520.377px;top:276.3px;">1,844</div><div id="a149846_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:276.3px;">1,903</div><div id="a149849_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:276.3px;">1,488</div></div> 8960000000 8964000000 7699000000 4052000000 2983000000 3042000000 4907000000 5981000000 4657000000 0.18 0.185 0.195 1613000000 1658000000 1501000000 267000000 217000000 96000000 74000000 124000000 144000000 217000000 179000000 212000000 316000000 252000000 381000000 414000000 487000000 373000000 -33000000 -38000000 -66000000 19000000 -3000000 18000000 217000000 341000000 383000000 0 -1000000 235000000 240000000 230000000 163000000 1844000000 1903000000 1488000000 -1095000000 -455000000 -5000000 102000000 <div id="TextBlockContainer1157" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:268px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a150140" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a150144" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:339.644px;top:0px;">31.12.22 </div><div id="a150149" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:555.884px;top:0px;">31.12.21 </div><div id="a150152" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:3.181px;top:28.2px;">Deferred tax assets</div><div id="a150153" style="position:absolute;font-family:'Frutiger';font-size:6.148px;font-weight:bold;font-style:normal;color:#9A3D37;left:93.564px;top:28.9px;">1</div><div id="a150156" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:295.63px;top:27.9px;">Gross </div><div id="a150158" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:356.657px;top:16.5px;">Valuation </div><div id="a150160" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:354.777px;top:27.9px;">allowance </div><div id="a150162" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:420.537px;top:27.9px;">Recognized </div><div id="a150165" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.404px;top:27.9px;">Gross </div><div id="a150167" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.91px;top:16.5px;">Valuation </div><div id="a150169" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.017px;top:27.9px;">allowance </div><div id="a150171" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:636.777px;top:27.9px;">Recognized </div><div id="a150173" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:41.2px;">Tax loss carry-forwards </div><div id="a150178_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:289.484px;top:41.2px;">12,708</div><div id="a150181_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:365.177px;top:41.2px;display:flex;">(8,720)</div><div id="a150184_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:440.404px;top:41.2px;">3,988</div><div id="a150188_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.257px;top:41.2px;">13,636</div><div id="a150191_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.95px;top:41.2px;display:flex;">(9,193)</div><div id="a150194_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:41.2px;">4,443</div><div id="a150197" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:55.4px;">Temporary differences </div><div id="a150200_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:294.204px;top:55.4px;">5,774</div><div id="a150203_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:372.27px;top:55.4px;display:flex;">(408)</div><div id="a150206_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:440.404px;top:55.4px;">5,365</div><div id="a150210_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.977px;top:55.4px;">5,092</div><div id="a150213_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:55.4px;display:flex;">(696)</div><div id="a150216_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:55.4px;">4,396</div><div id="a150219" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:69.1px;">of which: related to real estate costs capitalized for US tax </div><div id="a150220" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:80.9px;">purposes </div><div id="a150223_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:294.204px;top:80.9px;">2,485</div><div id="a150226_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:386.924px;top:80.9px;">0</div><div id="a150229_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:440.404px;top:80.9px;">2,485</div><div id="a150233_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.977px;top:80.9px;">2,272</div><div id="a150236_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.204px;top:80.9px;">0</div><div id="a150239_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:80.9px;">2,272</div><div id="a150242" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:94.6px;">of which: related to compensation and benefits </div><div id="a150245_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:294.204px;top:94.6px;">1,169</div><div id="a150248_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:372.27px;top:94.6px;display:flex;">(175)</div><div id="a150251_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:447.524px;top:94.6px;">993</div><div id="a150255_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.977px;top:94.6px;">1,200</div><div id="a150258_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:588.51px;top:94.6px;display:flex;">(209)</div><div id="a150261_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.764px;top:94.6px;">991</div><div id="a150264" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:108.8px;">of which: related to cash flow hedges </div><div id="a150267_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:301.297px;top:108.8px;">947</div><div id="a150270_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:386.924px;top:108.8px;">0</div><div id="a150273_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:447.524px;top:108.8px;">947</div><div id="a150277_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:527.004px;top:108.8px;">3</div><div id="a150280_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.204px;top:108.8px;">0</div><div id="a150283_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.697px;top:108.8px;">3</div><div id="a150286" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:123px;">of which: other </div><div id="a150289_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:294.204px;top:123px;">1,173</div><div id="a150292_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:372.27px;top:123px;display:flex;">(233)</div><div id="a150295_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:447.524px;top:123px;">940</div><div id="a150299_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.977px;top:123px;">1,620</div><div id="a150302_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:588.51px;top:123px;display:flex;">(487)</div><div id="a150305_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:123px;">1,133</div><div id="a150308" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:136.7px;">Total deferred tax<div style="display:inline-block;width:3.76px"> </div>assets </div><div id="a150311_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:289.484px;top:136.7px;">18,482</div><div id="a150314_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:365.177px;top:136.7px;display:flex;">(9,128)</div><div id="a150317_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:437.564px;top:136.7px;">9,354</div><div id="a150319" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:459.35px;top:137.4px;">2 </div><div id="a150322_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.257px;top:136.7px;">18,728</div><div id="a150325_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.95px;top:136.7px;display:flex;">(9,889)</div><div id="a150328_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:654.31px;top:136.7px;">8,839</div><div id="a150330" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:675.59px;top:137.4px;">2 </div><div id="a150332" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:151.4px;">of which: related to the US </div><div id="a150337_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:440.404px;top:151.4px;">8,294</div><div id="a150343_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:151.4px;">8,521</div><div id="a150346" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:165.6px;">of which: related to other locations </div><div id="a150351_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:440.404px;top:165.6px;">1,060</div><div id="a150357_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.764px;top:165.6px;">318</div><div id="a150369" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:3.181px;top:192.9px;">Deferred tax liabilities </div><div id="a150379" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:206.8px;">Cash flow hedges </div><div id="a150385_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.457px;top:206.8px;">0</div><div id="a150391_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:206.8px;">118</div><div id="a150394" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:220.9px;">Other </div><div id="a150399_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:447.524px;top:220.9px;">233</div><div id="a150405_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:220.9px;">179</div><div id="a150408" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:235.1px;">Total deferred tax liabilities </div><div id="a150413_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:447.524px;top:235.1px;">233</div><div id="a150419_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:235.1px;">297</div><div id="a150422" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:249.7px;">1 After offset of DTLs,<div style="display:inline-block;width:3.49px"> </div>as applicable.<div style="display:inline-block;width:10.11px"> </div>2 As of 31 December 2022,<div style="display:inline-block;width:4.2px"> </div>UBS AG recognized<div style="display:inline-block;width:3.46px"> </div>DTAs of USD </div><div id="a150422_98_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:321.917px;top:249.7px;">471</div><div id="a150422_101_25" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:334.686px;top:249.7px;">m (31 December 2021:<div style="display:inline-block;width:3.55px"> </div>USD </div><div id="a150422_126_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:425.737px;top:249.7px;">77</div><div id="a150422_128_82" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:434.249px;top:249.7px;">m) in respect of<div style="display:inline-block;width:3.47px"> </div>entities that incurred losses<div style="display:inline-block;width:3.69px"> </div>in either the current<div style="display:inline-block;width:3.64px"> </div>or preceding </div><div id="a150426" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:259.6px;">year.</div></div> 12708000000 8720000000 3988000000 13636000000 9193000000 4443000000 5774000000 408000000 5365000000 5092000000 696000000 4396000000 2485000000 0 2485000000 2272000000 0 2272000000 1169000000 175000000 993000000 1200000000 209000000 991000000 947000000 0 947000000 3000000 0 3000000 1173000000 233000000 940000000 1620000000 487000000 1133000000 18482000000 9128000000 9354000000 18728000000 9889000000 8839000000 8294000000 8521000000 1060000000 318000000 0 118000000 233000000 179000000 233000000 297000000 471000000 77000000 <div id="TextBlockContainer1164" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:186px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1162_XBRL_TS_7a906fcea880481f91b124ac0be4d0ac" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1163" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:186px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a150452" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Unrecognized tax loss carry-forwards </div><div id="a150458" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:15.3px;">USD m </div><div id="a150460" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.195px;top:15.3px;">31.12.22 </div><div id="a150462" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:645.315px;top:15.3px;">31.12.21 </div><div id="a150464" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:31.4px;">Within 1 year </div><div id="a150466_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:31.4px;">231</div><div id="a150469_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:664.262px;top:31.4px;">141</div><div id="a150472" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:47.5px;">From 2 to 5 years </div><div id="a150474_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.008px;top:47.5px;">2,184</div><div id="a150477_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:657.168px;top:47.5px;">1,026</div><div id="a150480" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:64px;">From 6 to 10 years </div><div id="a150482_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.288px;top:64px;">11,106</div><div id="a150485_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:652.448px;top:64px;">13,283</div><div id="a150488" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:80.1px;">From 11 to 20 years </div><div id="a150490_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.008px;top:80.1px;">1,610</div><div id="a150493_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:657.168px;top:80.1px;">2,093</div><div id="a150496" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:96.7px;">No expiry </div><div id="a150498_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.288px;top:96.7px;">16,960</div><div id="a150501_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:652.448px;top:96.7px;">18,147</div><div id="a150504" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:112.8px;">Total </div><div id="a150506_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.288px;top:112.8px;">32,091</div><div id="a150509_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:652.448px;top:112.8px;">34,690</div><div id="a150512" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.664px;top:129.8px;">of which: related to the US</div><div id="a150513" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;color:#000000;left:110.142px;top:130.4px;">1</div><div id="a150515_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.288px;top:129.8px;">13,350</div><div id="a150518_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:652.448px;top:129.8px;">14,870</div><div id="a150521" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.664px;top:146.3px;">of which: related to the UK </div><div id="a150523_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.288px;top:146.3px;">14,332</div><div id="a150526_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:652.448px;top:146.3px;">14,909</div><div id="a150529" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.664px;top:162.4px;">of which: related to other locations </div><div id="a150532_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.008px;top:162.4px;">4,409</div><div id="a150535_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:657.168px;top:162.4px;">4,911</div><div id="a150538" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:177.5px;">1 Related to UBS AG’s<div style="display:inline-block;width:3.96px"> </div>US branch.</div></div></div></div> 231000000 141000000 2184000000 1026000000 11106000000 13283000000 1610000000 2093000000 16960000000 18147000000 32091000000 34690000000 13350000000 14870000000 14332000000 14909000000 4409000000 4911000000 <div id="TextBlockContainer1166" style="position:relative;font-family:'Frutiger';font-size:21.281px;color:#973D37;line-height:normal;width:704px;height:255px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a150569" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:7.883px;top:0px;">Balance sheet notes </div><div id="a150571" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:bold;font-style:normal;color:#000000;left:7.883px;top:64.3px;">Note 9<div style="display:inline-block;width:8px"> </div>Financial assets at amortized<div style="display:inline-block;width:5.17px"> </div>cost and other positions in scope of expected<div style="display:inline-block;width:5.33px"> </div>credit loss measurement </div><div id="a150574" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:91.5px;">The tables<div style="display:inline-block;width:6.01px"> </div>below<div style="display:inline-block;width:5.16px"> </div>provide<div style="display:inline-block;width:5.12px"> </div>information about<div style="display:inline-block;width:6.32px"> </div>financial instruments<div style="display:inline-block;width:5.98px"> </div>and<div style="display:inline-block;width:5.13px"> </div>certain credit<div style="display:inline-block;width:6.62px"> </div>lines that<div style="display:inline-block;width:5.72px"> </div>are subject<div style="display:inline-block;width:6.33px"> </div>to expected </div><div id="a150582" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:106.7px;">credit loss (ECL)<div style="display:inline-block;width:5.66px"> </div>requirements.<div style="display:inline-block;width:5.28px"> </div>UBS AG’s<div style="display:inline-block;width:5.39px"> </div>ECL disclosure<div style="display:inline-block;width:5.26px"> </div>segments,<div style="display:inline-block;width:4.59px"> </div>or “ECL segments”<div style="display:inline-block;width:6.01px"> </div>are aggregated<div style="display:inline-block;width:5.66px"> </div>portfolios based </div><div id="a150593" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:122.3px;">on shared risk characteristics and<div style="display:inline-block;width:5.16px"> </div>on the same or similar rating<div style="display:inline-block;width:5.77px"> </div>methods applied. The key segments are<div style="display:inline-block;width:5.44px"> </div>presented in the </div><div id="a150595" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:137.4px;">table below. </div><div id="a150598" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:23.017px;top:149.6px;">›</div><div id="a150599" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:28.218px;top:149.8px;"> </div><div id="a150600" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:34.398px;top:154.5px;">Refer to Note 19<div style="display:inline-block;width:1.6px"> </div>for more information<div style="display:inline-block;width:1.18px"> </div>about expected<div style="display:inline-block;width:1.6px"> </div>credit loss measurement </div><div id="a150609" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:167.7px;"> </div><div id="a150622" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;color:#000000;left:11.667px;top:188.5px;">Segment </div><div id="a150624" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;color:#000000;left:134.717px;top:188.5px;">Segment description </div><div id="a150626" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;color:#000000;left:314.037px;top:188.5px;">Description of credit risk sensitivity </div><div id="a150628" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;color:#000000;left:503.33px;top:188.5px;">Business division<div style="display:inline-block;width:3.45px"> </div></div><div id="a150630" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;color:#000000;left:11.667px;top:210.2px;">Private clients with </div><div id="a150632" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;color:#000000;left:11.667px;top:222.1px;">mortgages </div><div id="a150634" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;color:#000000;left:134.717px;top:210.4px;">Lending to private clients secured<div style="display:inline-block;width:4.57px"> </div>by </div><div id="a150635" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;color:#000000;left:134.717px;top:222.3px;">owner-occupied real estate<div style="display:inline-block;width:4.1px"> </div>and </div><div id="a150638" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;color:#000000;left:134.717px;top:234.6px;">personal account overdrafts<div style="display:inline-block;width:4.18px"> </div>of those </div><div id="a150639" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;color:#000000;left:134.717px;top:246.4px;">clients </div></div><div id="TextBlockContainer1168" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:643px;height:549px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a150641" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:0px;">Sensitive to the interest rate<div style="display:inline-block;width:4.12px"> </div>environment, </div><div id="a150642" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:11.9px;">unemployment levels, real estate<div style="display:inline-block;width:4.55px"> </div>collateral </div><div id="a150645" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:24.1px;">values and other regional<div style="display:inline-block;width:4.31px"> </div>aspects<div style="display:inline-block;width:2.71px"> </div></div><div id="a150653" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:495.342px;top:0px;">–</div><div id="a150654" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:500.542px;top:-0.1px;"> </div><div id="a150655" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:506.688px;top:0px;">Personal &amp; Corporate Banking </div><div id="a150657" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:495.342px;top:15.2px;">–</div><div id="a150658" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:500.542px;top:15.1px;"> </div><div id="a150659" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:506.688px;top:15.2px;">Global Wealth Management </div><div id="a150661" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:59.4px;">Real estate financing </div><div id="a150663" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:59.6px;">Rental or income-producing<div style="display:inline-block;width:4.12px"> </div>real estate </div><div id="a150666" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:71.4px;">financing to private and corporate </div><div id="a150667" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:83.8px;">clients secured by real<div style="display:inline-block;width:4.14px"> </div>estate </div><div id="a150669" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:59.6px;">Sensitive to unemployment<div style="display:inline-block;width:4px"> </div>levels, the </div><div id="a150674" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:71.4px;">interest rate environment,<div style="display:inline-block;width:4.6px"> </div>real estate </div><div id="a150677" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:83.8px;">collateral values and other regional </div><div id="a150682" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:95.6px;">aspects<div style="display:inline-block;width:3.19px"> </div></div><div id="a150684" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:495.342px;top:59.6px;">–</div><div id="a150685" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:500.542px;top:59.5px;"> </div><div id="a150686" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:506.688px;top:59.6px;">Personal &amp; Corporate Banking </div><div id="a150688" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:495.342px;top:74.7px;">–</div><div id="a150689" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:500.542px;top:74.6px;"> </div><div id="a150690" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:506.688px;top:74.7px;">Global Wealth Management </div><div id="a150692" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:495.342px;top:90.4px;">–</div><div id="a150693" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:500.542px;top:90.3px;"> </div><div id="a150694" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:506.688px;top:90.4px;">Investment Bank </div><div id="a150696" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:119px;">Large corporate clients </div><div id="a150698" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:119.2px;">Lending to large corporate and multi-</div><div id="a150700" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:131.1px;">national clients </div><div id="a150702" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:119.2px;">Sensitive to GDP developments, </div><div id="a150706" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:131.1px;">unemployment levels, seasonalit<div style="display:inline-block;width:1.42px"> </div>y, </div><div id="a150713" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:143.4px;">business cycles and collateral<div style="display:inline-block;width:4.32px"> </div>values </div><div id="a150714" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:155.2px;">(diverse collateral,<div style="display:inline-block;width:3.9px"> </div>including real estate </div><div id="a150718" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:167px;">and other collateral types) </div><div id="a150720" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:495.342px;top:119.2px;">–</div><div id="a150721" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:500.542px;top:119.1px;"> </div><div id="a150722" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:506.688px;top:119.2px;">Personal &amp; Corporate Banking </div><div id="a150724" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:495.342px;top:134.4px;">–</div><div id="a150725" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:500.542px;top:134.3px;"> </div><div id="a150726" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:506.688px;top:134.4px;">Investment Bank </div><div id="a150728" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:190.4px;">SME clients </div><div id="a150730" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:190.7px;">Lending to small and medium<div style="display:inline-block;width:1.45px"> </div>-sized </div><div id="a150735" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:203px;">corporate clients </div><div id="a150738" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:190.7px;">Sensitive to GDP developments, </div><div id="a150742" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:203px;">unemployment levels, the interest<div style="display:inline-block;width:4.41px"> </div>rate </div><div id="a150747" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:214.8px;">environment and,<div style="display:inline-block;width:4.1px"> </div>to some extent, </div><div id="a150748" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:226.6px;">seasonality,<div style="display:inline-block;width:3.49px"> </div>business cycles and collateral </div><div id="a150752" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:238.9px;">values (diverse collateral,<div style="display:inline-block;width:4.09px"> </div>including real </div><div id="a150756" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:250.8px;">estate and other collateral types) </div><div id="a150758" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:495.342px;top:190.7px;">–</div><div id="a150759" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:500.542px;top:190.6px;"> </div><div id="a150760" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:506.688px;top:190.7px;">Personal &amp; Corporate Banking </div><div id="a150764" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:274.2px;">Lombard </div><div id="a150766" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:274.4px;">Loans secured by pledges<div style="display:inline-block;width:4.16px"> </div>of marketable </div><div id="a150767" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:286.2px;">securities, guarantees and<div style="display:inline-block;width:4.15px"> </div>other forms </div><div id="a150768" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:298.5px;">of collateral (including concentration<div style="display:inline-block;width:4.31px"> </div>in </div><div id="a150769" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:310.4px;">hedge funds, private equity and unlisted </div><div id="a150777" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:322.7px;">equities), as well as unsecured<div style="display:inline-block;width:4.16px"> </div>recourse </div><div id="a150778" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:334.5px;">lending </div><div id="a150780" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:274.4px;">Sensitive to equity and debt market<div style="display:inline-block;width:1.82px"> </div>s<div style="display:inline-block;width:2.75px"> </div>(e.g., </div><div id="a150786" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:286.2px;">changes in collateral values) </div><div id="a150790" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:495.342px;top:274.4px;">–</div><div id="a150791" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:500.542px;top:274.3px;"> </div><div id="a150792" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:506.688px;top:274.4px;">Global Wealth Management </div><div id="a150794" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:357.9px;">Credit cards </div><div id="a150796" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:358.1px;">Credit card solutions in<div style="display:inline-block;width:4.35px"> </div>Switzerland and </div><div id="a150797" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:370px;">the US </div><div id="a150799" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:358.1px;">Sensitive to unemployment levels </div><div id="a150805" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:495.342px;top:358.1px;">–</div><div id="a150806" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:500.542px;top:358px;"> </div><div id="a150807" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:506.688px;top:358.1px;">Personal &amp; Corporate Banking </div><div id="a150809" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:495.342px;top:373.3px;">–</div><div id="a150810" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:500.542px;top:373.2px;"> </div><div id="a150811" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:506.688px;top:373.3px;">Global Wealth Management </div><div id="a150813" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:396.7px;">Commodity trade </div><div id="a150814" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:409px;">finance </div><div id="a150816" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:397px;">Working capital financing of<div style="display:inline-block;width:4.25px"> </div>commodity </div><div id="a150818" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:409.3px;">traders, generally extended on a<div style="display:inline-block;width:4.15px"> </div>self-</div><div id="a150820" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:421.1px;">liquidating transactional basis </div><div id="a150822" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:397px;">Sensitive primarily to<div style="display:inline-block;width:4.11px"> </div>the strength of </div><div id="a150823" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:409.3px;">individual transaction structures<div style="display:inline-block;width:4.18px"> </div>and </div><div id="a150824" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:421.1px;">collateral values (price volatility<div style="display:inline-block;width:4.12px"> </div>of </div><div id="a150825" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:432.9px;">commodities),<div style="display:inline-block;width:3.34px"> </div>as the primary source for </div><div id="a150829" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:445.2px;">debt service is directly linked<div style="display:inline-block;width:4.28px"> </div>to the </div><div id="a150830" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:457px;">shipments financed </div><div id="a150832" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:495.342px;top:397px;">–</div><div id="a150833" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:500.542px;top:396.9px;"> </div><div id="a150834" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:506.688px;top:397px;">Personal &amp; Corporate Banking </div><div id="a150836" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:480.5px;">Financial intermediaries </div><div id="a150837" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:492.3px;">and hedge funds </div><div id="a150839" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:480.7px;">Lending to financial institutions<div style="display:inline-block;width:4.22px"> </div>and </div><div id="a150840" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:492.5px;">pension funds, including exposures<div style="display:inline-block;width:4.43px"> </div>to </div><div id="a150841" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.728px;top:504.8px;">broker-dealers and clearing houses </div><div id="a150846" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:480.7px;">Sensitive to GDP development, the </div><div id="a150847" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:492.5px;">interest rate environment, price<div style="display:inline-block;width:4.54px"> </div>and </div><div id="a150848" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:504.8px;">volatility risks in financial markets,<div style="display:inline-block;width:4.22px"> </div>and </div><div id="a150850" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:306.048px;top:516.6px;">regulatory and political<div style="display:inline-block;width:4.26px"> </div>risk </div><div id="a150852" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:495.342px;top:480.7px;">–</div><div id="a150853" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:500.542px;top:480.6px;"> </div><div id="a150854" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:506.688px;top:480.7px;">Personal &amp; Corporate Banking </div><div id="a150856" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:495.342px;top:495.8px;">–</div><div id="a150857" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:500.542px;top:495.7px;"> </div><div id="a150858" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:506.688px;top:495.8px;">Investment Bank </div><div id="a150610" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:15.028px;top:532.9px;">›</div><div id="a150611" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:20.23px;top:533.1px;"> </div><div id="a150612" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:26.41px;top:537.7px;">Refer to Note 19f<div style="display:inline-block;width:1.62px"> </div>for more details<div style="display:inline-block;width:1.43px"> </div>regarding sensitivity</div></div><div id="TextBlockContainer1170" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:29px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a150896" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">The tables<div style="display:inline-block;width:5.98px"> </div>below<div style="display:inline-block;width:5.13px"> </div>provide<div style="display:inline-block;width:5.21px"> </div>ECL exposure<div style="display:inline-block;width:6.27px"> </div>and ECL<div style="display:inline-block;width:5.66px"> </div>allowance and<div style="display:inline-block;width:5.81px"> </div>provision<div style="display:inline-block;width:5.42px"> </div>information<div style="display:inline-block;width:5.19px"> </div>about financial<div style="display:inline-block;width:5.5px"> </div>instruments and </div><div id="a150900" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.2px;">certain non-financial instruments that are<div style="display:inline-block;width:5.49px"> </div>subject to ECLs.</div></div><div id="TextBlockContainer1173" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:604px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a150911" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a150914" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:481.577px;top:0px;">31.12.22 </div><div id="a150918" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:374.63px;top:14.2px;">Carrying amount</div><div id="a150919" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:435.67px;top:14.8px;">1</div><div id="a150922" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:562.497px;top:14.2px;">ECL allowances </div><div id="a150924" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:3.181px;top:27.7px;">Financial instruments measured<div style="display:inline-block;width:4.58px"> </div>at amortized cost </div><div id="a150927" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.057px;top:27.9px;">Total </div><div id="a150929" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:376.524px;top:27.9px;">Stage 1 </div><div id="a150931" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.484px;top:27.9px;">Stage 2 </div><div id="a150933" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:466.444px;top:27.9px;">Stage 3 </div><div id="a150936" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.11px;top:27.9px;">Total </div><div id="a150938" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:560.617px;top:27.9px;">Stage 1 </div><div id="a150940" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:605.564px;top:27.9px;">Stage 2 </div><div id="a150942" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:650.497px;top:27.9px;">Stage 3 </div><div id="a150944" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:41.6px;">Cash and balances at central banks </div><div id="a150947_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:41.6px;">169,445</div><div id="a150950_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.737px;top:41.6px;">169,402</div><div id="a150953_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:439.457px;top:41.6px;">44</div><div id="a150956_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.137px;top:41.6px;">0</div><div id="a150960_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:528.417px;top:41.6px;display:flex;">(12)</div><div id="a150963_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.31px;top:41.6px;">0</div><div id="a150966_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:618.337px;top:41.6px;display:flex;">(12)</div><div id="a150969_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:41.6px;">0</div><div id="a150972" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:55.8px;">Loans and advances to banks </div><div id="a150975_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:55.8px;">14,671</div><div id="a150978_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:55.8px;">14,670</div><div id="a150981_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:55.8px;">1</div><div id="a150984_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.137px;top:55.8px;">0</div><div id="a150988_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.15px;top:55.8px;display:flex;">(6)</div><div id="a150991_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.11px;top:55.8px;display:flex;">(5)</div><div id="a150994_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.07px;top:55.8px;display:flex;">(1)</div><div id="a150997_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:55.8px;">0</div><div id="a151000" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:70.5px;">Receivables from securities financing transactions<div style="display:inline-block;width:4.01px"> </div>measured at amortized cost </div><div id="a151003_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:70.5px;">67,814</div><div id="a151006_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:70.5px;">67,814</div><div id="a151009_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:70.5px;">0</div><div id="a151012_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.137px;top:70.5px;">0</div><div id="a151016_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.15px;top:70.5px;display:flex;">(2)</div><div id="a151019_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.11px;top:70.5px;display:flex;">(2)</div><div id="a151022_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.27px;top:70.5px;">0</div><div id="a151025_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:70.5px;">0</div><div id="a151028" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:84.7px;">Cash collateral receivables on derivative<div style="display:inline-block;width:3.86px"> </div>instruments </div><div id="a151031_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:84.7px;">35,033</div><div id="a151034_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:84.7px;">35,033</div><div id="a151037_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:84.7px;">0</div><div id="a151040_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.137px;top:84.7px;">0</div><div id="a151044_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:538.35px;top:84.7px;">0</div><div id="a151047_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.31px;top:84.7px;">0</div><div id="a151050_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.27px;top:84.7px;">0</div><div id="a151053_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:84.7px;">0</div><div id="a151056" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:98.9px;">Loans and advances to customers </div><div id="a151059_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:98.9px;">390,027</div><div id="a151062_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.737px;top:98.9px;">372,903</div><div id="a151065_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:422.43px;top:98.9px;">15,587</div><div id="a151068_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:472.11px;top:98.9px;">1,538</div><div id="a151072_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.697px;top:98.9px;display:flex;">(783)</div><div id="a151075_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.657px;top:98.9px;display:flex;">(129)</div><div id="a151078_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.604px;top:98.9px;display:flex;">(180)</div><div id="a151081_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:98.9px;display:flex;">(474)</div><div id="a151084" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:113.1px;">of which: Private clients with mortgages </div><div id="a151088_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:327.79px;top:113.1px;">156,930</div><div id="a151091_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:372.737px;top:113.1px;">147,651</div><div id="a151094_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:427.164px;top:113.1px;">8,579</div><div id="a151097_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:479.204px;top:113.1px;">699</div><div id="a151101_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:523.697px;top:113.1px;display:flex;">(161)</div><div id="a151104_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:113.1px;display:flex;">(27)</div><div id="a151107_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.604px;top:113.1px;display:flex;">(107)</div><div id="a151110_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.297px;top:113.1px;display:flex;">(28)</div><div id="a151113" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:127.7px;">of which: Real estate financing </div><div id="a151116_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.51px;top:127.7px;">46,470</div><div id="a151119_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:377.47px;top:127.7px;">43,112</div><div id="a151122_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:427.164px;top:127.7px;">3,349</div><div id="a151125_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:127.7px;">9</div><div id="a151129_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:127.7px;display:flex;">(41)</div><div id="a151132_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:127.7px;display:flex;">(17)</div><div id="a151135_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:618.337px;top:127.7px;display:flex;">(23)</div><div id="a151138_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:127.7px;">0</div><div id="a151141" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:141.9px;">of which: Large corporate clients </div><div id="a151144_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.51px;top:141.9px;">12,226</div><div id="a151147_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:377.47px;top:141.9px;">10,733</div><div id="a151150_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:427.164px;top:141.9px;">1,189</div><div id="a151153_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:479.204px;top:141.9px;">303</div><div id="a151157_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:523.697px;top:141.9px;display:flex;">(130)</div><div id="a151160_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:141.9px;display:flex;">(24)</div><div id="a151163_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:618.337px;top:141.9px;display:flex;">(14)</div><div id="a151166_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.297px;top:141.9px;display:flex;">(92)</div><div id="a151169" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:156.1px;">of which: SME clients </div><div id="a151172_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.51px;top:156.1px;">13,903</div><div id="a151175_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:377.47px;top:156.1px;">12,211</div><div id="a151178_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:427.164px;top:156.1px;">1,342</div><div id="a151181_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:479.204px;top:156.1px;">351</div><div id="a151185_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:523.697px;top:156.1px;display:flex;">(251)</div><div id="a151188_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:156.1px;display:flex;">(26)</div><div id="a151191_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:618.337px;top:156.1px;display:flex;">(22)</div><div id="a151194_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:658.564px;top:156.1px;display:flex;">(203)</div><div id="a151197" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:170.8px;">of which: Lombard </div><div id="a151200_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:327.79px;top:170.8px;">132,287</div><div id="a151203_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:372.737px;top:170.8px;">132,196</div><div id="a151206_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.217px;top:170.8px;">0</div><div id="a151209_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:484.417px;top:170.8px;">91</div><div id="a151213_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:170.8px;display:flex;">(26)</div><div id="a151216_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:170.8px;display:flex;">(9)</div><div id="a151219_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:170.8px;">0</div><div id="a151222_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.297px;top:170.8px;display:flex;">(17)</div><div id="a151225" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:185px;">of which: Credit cards </div><div id="a151228_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:185px;">1,834</div><div id="a151231_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:185px;">1,420</div><div id="a151234_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:185px;">382</div><div id="a151237_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:484.417px;top:185px;">31</div><div id="a151241_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:185px;display:flex;">(36)</div><div id="a151244_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:185px;display:flex;">(7)</div><div id="a151247_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:618.337px;top:185px;display:flex;">(10)</div><div id="a151250_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.297px;top:185px;display:flex;">(19)</div><div id="a151253" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:199.2px;">of which: Commodity trade finance </div><div id="a151257_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:199.2px;">3,272</div><div id="a151260_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:199.2px;">3,261</div><div id="a151263_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.217px;top:199.2px;">0</div><div id="a151266_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:484.417px;top:199.2px;">11</div><div id="a151270_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:199.2px;display:flex;">(96)</div><div id="a151273_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:199.2px;display:flex;">(6)</div><div id="a151276_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:199.2px;">0</div><div id="a151279_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.297px;top:199.2px;display:flex;">(90)</div><div id="a151282" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:213.9px;">Other financial assets measured at amortized cost </div><div id="a151285_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:213.9px;">53,389</div><div id="a151288_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:213.9px;">52,829</div><div id="a151291_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:434.257px;top:213.9px;">413</div><div id="a151294_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:479.204px;top:213.9px;">147</div><div id="a151298_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:528.417px;top:213.9px;display:flex;">(86)</div><div id="a151301_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.377px;top:213.9px;display:flex;">(17)</div><div id="a151304_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.07px;top:213.9px;display:flex;">(6)</div><div id="a151307_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:213.9px;display:flex;">(63)</div><div id="a151310" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:228px;">of which: Loans to financial advisors </div><div id="a151313_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:228px;">2,611</div><div id="a151316_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:228px;">2,357</div><div id="a151319_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:228px;">128</div><div id="a151322_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:479.204px;top:228px;">126</div><div id="a151326_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:228px;display:flex;">(59)</div><div id="a151329_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:228px;display:flex;">(7)</div><div id="a151332_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:228px;display:flex;">(2)</div><div id="a151335_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.297px;top:228px;display:flex;">(51)</div><div id="a151338" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:241.8px;">Total financial assets<div style="display:inline-block;width:3.87px"> </div>measured at amortized cost </div><div id="a151342_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:327.79px;top:241.8px;">730,379</div><div id="a151345_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:372.737px;top:241.8px;">712,651</div><div id="a151348_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:422.43px;top:241.8px;">16,044</div><div id="a151351_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:472.11px;top:241.8px;">1,685</div><div id="a151355_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:523.697px;top:241.8px;display:flex;">(890)</div><div id="a151358_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:568.657px;top:241.8px;display:flex;">(154)</div><div id="a151361_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.604px;top:241.8px;display:flex;">(199)</div><div id="a151364_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:658.564px;top:241.8px;display:flex;">(537)</div><div id="a151367" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:255.9px;">Financial assets measured at<div style="display:inline-block;width:3.79px"> </div>fair value through other comprehensive<div style="display:inline-block;width:3.79px"> </div>income </div><div id="a151370_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.27px;top:255.9px;">2,239</div><div id="a151373_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:382.204px;top:255.9px;">2,239</div><div id="a151376_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:444.217px;top:255.9px;">0</div><div id="a151379_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:489.137px;top:255.9px;">0</div><div id="a151383_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:538.35px;top:255.9px;">0</div><div id="a151386_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.31px;top:255.9px;">0</div><div id="a151389_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:628.27px;top:255.9px;">0</div><div id="a151392_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:673.23px;top:255.9px;">0</div><div id="a151395" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:269.7px;">Total on-balance<div style="display:inline-block;width:3.77px"> </div>sheet financial assets within the scope of<div style="display:inline-block;width:3.78px"> </div>ECL requirements </div><div id="a151401_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:327.79px;top:269.7px;">732,618</div><div id="a151404_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:372.737px;top:269.7px;">714,889</div><div id="a151407_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:422.43px;top:269.7px;">16,044</div><div id="a151410_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:472.11px;top:269.7px;">1,685</div><div id="a151414_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:523.697px;top:269.7px;display:flex;">(890)</div><div id="a151417_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:568.657px;top:269.7px;display:flex;">(154)</div><div id="a151420_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.604px;top:269.7px;display:flex;">(199)</div><div id="a151423_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:658.564px;top:269.7px;display:flex;">(537)</div><div id="a151439" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:379.83px;top:296.2px;">Total exposure </div><div id="a151442" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:564.39px;top:296.2px;">ECL provisions </div><div id="a151444" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:3.181px;top:310.2px;">Off-balance sheet (within the<div style="display:inline-block;width:4.18px"> </div>scope of ECL) </div><div id="a151450" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.057px;top:309.9px;">Total </div><div id="a151452" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:376.524px;top:309.9px;">Stage 1 </div><div id="a151454" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.484px;top:309.9px;">Stage 2 </div><div id="a151456" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:466.444px;top:309.9px;">Stage 3 </div><div id="a151459" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.11px;top:309.9px;">Total </div><div id="a151461" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:560.617px;top:309.9px;">Stage 1 </div><div id="a151463" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:605.564px;top:309.9px;">Stage 2 </div><div id="a151465" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:650.497px;top:309.9px;">Stage 3 </div><div id="a151467" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:323.6px;">Guarantees </div><div id="a151470_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:323.6px;">22,167</div><div id="a151473_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:323.6px;">19,805</div><div id="a151476_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:427.164px;top:323.6px;">2,254</div><div id="a151479_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:479.204px;top:323.6px;">108</div><div id="a151483_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:528.417px;top:323.6px;display:flex;">(48)</div><div id="a151486_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.377px;top:323.6px;display:flex;">(13)</div><div id="a151489_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.07px;top:323.6px;display:flex;">(9)</div><div id="a151492_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:323.6px;display:flex;">(26)</div><div id="a151495" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:338.3px;">of which: Large corporate clients </div><div id="a151498_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:338.3px;">3,663</div><div id="a151501_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:338.3px;">2,883</div><div id="a151504_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:338.3px;">721</div><div id="a151507_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:484.417px;top:338.3px;">58</div><div id="a151511_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:338.3px;display:flex;">(26)</div><div id="a151514_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:338.3px;display:flex;">(2)</div><div id="a151517_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:338.3px;display:flex;">(3)</div><div id="a151520_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.297px;top:338.3px;display:flex;">(21)</div><div id="a151523" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:352.5px;">of which: SME clients </div><div id="a151526_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:352.5px;">1,337</div><div id="a151529_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:352.5px;">1,124</div><div id="a151532_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:352.5px;">164</div><div id="a151535_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:484.417px;top:352.5px;">49</div><div id="a151539_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:352.5px;display:flex;">(5)</div><div id="a151542_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:352.5px;display:flex;">(1)</div><div id="a151545_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:352.5px;display:flex;">(1)</div><div id="a151548_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.03px;top:352.5px;display:flex;">(3)</div><div id="a151551" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:366.7px;">of which: Financial intermediaries and hedge funds<div style="display:inline-block;width:3.82px"> </div></div><div id="a151554_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.51px;top:366.7px;">11,833</div><div id="a151557_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:377.47px;top:366.7px;">10,513</div><div id="a151560_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:427.164px;top:366.7px;">1,320</div><div id="a151563_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:366.7px;">0</div><div id="a151567_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:366.7px;display:flex;">(12)</div><div id="a151570_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:366.7px;display:flex;">(8)</div><div id="a151573_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:366.7px;display:flex;">(4)</div><div id="a151576_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:366.7px;">0</div><div id="a151579" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:381.3px;">of which: Lombard </div><div id="a151582_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:381.3px;">2,376</div><div id="a151585_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:381.3px;">2,376</div><div id="a151588_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.217px;top:381.3px;">0</div><div id="a151591_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:381.3px;">1</div><div id="a151595_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:381.3px;display:flex;">(1)</div><div id="a151598_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:381.3px;">0</div><div id="a151601_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:381.3px;">0</div><div id="a151604_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.03px;top:381.3px;display:flex;">(1)</div><div id="a151607" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:395.5px;">of which: Commodity trade finance </div><div id="a151611_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:395.5px;">2,121</div><div id="a151614_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:395.5px;">2,121</div><div id="a151617_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.217px;top:395.5px;">0</div><div id="a151620_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:395.5px;">0</div><div id="a151624_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:395.5px;display:flex;">(1)</div><div id="a151627_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:395.5px;display:flex;">(1)</div><div id="a151630_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:395.5px;">0</div><div id="a151633_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:395.5px;">0</div><div id="a151636" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:409.7px;">Irrevocable loan commitments </div><div id="a151639_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:409.7px;">39,996</div><div id="a151642_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:409.7px;">37,531</div><div id="a151645_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:427.164px;top:409.7px;">2,341</div><div id="a151648_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:479.204px;top:409.7px;">124</div><div id="a151652_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.697px;top:409.7px;display:flex;">(111)</div><div id="a151655_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.377px;top:409.7px;display:flex;">(59)</div><div id="a151658_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:618.337px;top:409.7px;display:flex;">(52)</div><div id="a151661_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:409.7px;">0</div><div id="a151664" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:423.9px;">of which: Large corporate clients </div><div id="a151667_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.51px;top:423.9px;">23,611</div><div id="a151670_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:377.47px;top:423.9px;">21,488</div><div id="a151673_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:427.164px;top:423.9px;">2,024</div><div id="a151676_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:484.417px;top:423.9px;">99</div><div id="a151680_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:423.9px;display:flex;">(93)</div><div id="a151683_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:423.9px;display:flex;">(49)</div><div id="a151686_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:618.337px;top:423.9px;display:flex;">(45)</div><div id="a151689_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:423.9px;">0</div><div id="a151692" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:438.6px;">Forward starting reverse repurchase<div style="display:inline-block;width:3.94px"> </div>and securities borrowing agreements </div><div id="a151696_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:337.27px;top:438.6px;">3,801</div><div id="a151699_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:382.204px;top:438.6px;">3,801</div><div id="a151702_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:438.6px;">0</div><div id="a151705_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.137px;top:438.6px;">0</div><div id="a151709_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:538.35px;top:438.6px;">0</div><div id="a151712_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.31px;top:438.6px;">0</div><div id="a151715_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.27px;top:438.6px;">0</div><div id="a151718_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:438.6px;">0</div><div id="a151721" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:452.8px;">Committed unconditionally revocable credit lines </div><div id="a151724_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:452.8px;">43,677</div><div id="a151727_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:452.8px;">41,809</div><div id="a151730_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:427.164px;top:452.8px;">1,833</div><div id="a151733_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:484.417px;top:452.8px;">36</div><div id="a151737_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:528.417px;top:452.8px;display:flex;">(40)</div><div id="a151740_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.377px;top:452.8px;display:flex;">(32)</div><div id="a151743_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.07px;top:452.8px;display:flex;">(8)</div><div id="a151746_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:452.8px;">0</div><div id="a151749" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:466.9px;">of which: Real estate financing </div><div id="a151752_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:466.9px;">8,711</div><div id="a151755_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:466.9px;">8,528</div><div id="a151758_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:466.9px;">183</div><div id="a151761_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:466.9px;">0</div><div id="a151765_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:466.9px;display:flex;">(6)</div><div id="a151768_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:466.9px;display:flex;">(6)</div><div id="a151771_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:466.9px;">0</div><div id="a151774_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:466.9px;">0</div><div id="a151777" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:481.6px;">of which: Large corporate clients </div><div id="a151780_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:481.6px;">4,578</div><div id="a151783_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:481.6px;">4,304</div><div id="a151786_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:481.6px;">268</div><div id="a151789_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:481.6px;">5</div><div id="a151793_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:481.6px;display:flex;">(4)</div><div id="a151796_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:481.6px;display:flex;">(1)</div><div id="a151799_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:481.6px;display:flex;">(2)</div><div id="a151802_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:481.6px;">0</div><div id="a151805" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:495.8px;">of which: SME clients </div><div id="a151808_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:495.8px;">4,723</div><div id="a151811_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:495.8px;">4,442</div><div id="a151814_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:495.8px;">256</div><div id="a151817_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:484.417px;top:495.8px;">26</div><div id="a151821_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:495.8px;display:flex;">(19)</div><div id="a151824_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:495.8px;display:flex;">(16)</div><div id="a151827_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:495.8px;display:flex;">(3)</div><div id="a151830_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:495.8px;">0</div><div id="a151833" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:510px;">of which: Lombard </div><div id="a151836_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:510px;">7,855</div><div id="a151839_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:510px;">7,854</div><div id="a151842_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.217px;top:510px;">0</div><div id="a151845_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:510px;">1</div><div id="a151849_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:538.35px;top:510px;">0</div><div id="a151852_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:510px;">0</div><div id="a151855_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:510px;">0</div><div id="a151858_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:510px;">0</div><div id="a151861" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:524.7px;">of which: Credit cards </div><div id="a151864_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:524.7px;">9,390</div><div id="a151867_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:524.7px;">8,900</div><div id="a151870_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:524.7px;">487</div><div id="a151873_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:524.7px;">3</div><div id="a151877_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:524.7px;display:flex;">(7)</div><div id="a151880_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:524.7px;display:flex;">(5)</div><div id="a151883_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:524.7px;display:flex;">(2)</div><div id="a151886_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:524.7px;">0</div><div id="a151889" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:538.9px;">of which: Commodity trade finance </div><div id="a151892_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.364px;top:538.9px;">327</div><div id="a151895_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:389.324px;top:538.9px;">327</div><div id="a151898_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.217px;top:538.9px;">0</div><div id="a151901_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:538.9px;">0</div><div id="a151905_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:538.35px;top:538.9px;">0</div><div id="a151908_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:538.9px;">0</div><div id="a151911_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:538.9px;">0</div><div id="a151914_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:538.9px;">0</div><div id="a151917" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:553.1px;">Irrevocable committed prolongation of existing loans </div><div id="a151920_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:337.27px;top:553.1px;">4,696</div><div id="a151923_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:382.204px;top:553.1px;">4,600</div><div id="a151926_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:439.457px;top:553.1px;">94</div><div id="a151929_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.137px;top:553.1px;">2</div><div id="a151933_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.15px;top:553.1px;display:flex;">(2)</div><div id="a151936_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.11px;top:553.1px;display:flex;">(2)</div><div id="a151939_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.27px;top:553.1px;">0</div><div id="a151942_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:553.1px;">0</div><div id="a151945" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:566.8px;">Total off-balance sheet<div style="display:inline-block;width:3.78px"> </div>financial instruments and credit lines </div><div id="a151950_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:327.79px;top:566.8px;">114,337</div><div id="a151953_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:372.737px;top:566.8px;">107,545</div><div id="a151956_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:427.164px;top:566.8px;">6,522</div><div id="a151959_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:479.204px;top:566.8px;">270</div><div id="a151963_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:523.697px;top:566.8px;display:flex;">(201)</div><div id="a151966_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:568.657px;top:566.8px;display:flex;">(106)</div><div id="a151969_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:618.817px;top:566.8px;display:flex;">(69)</div><div id="a151972_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:663.764px;top:566.8px;display:flex;">(26)</div><div id="a151975" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:581px;">Total allowances and<div style="display:inline-block;width:3.73px"> </div>provisions </div><div id="a151983_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.604px;top:581px;display:flex;">(1,091)</div><div id="a151986_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:568.657px;top:581px;display:flex;">(260)</div><div id="a151989_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.604px;top:581px;display:flex;">(267)</div><div id="a151992_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:658.564px;top:581px;display:flex;">(564)</div><div id="a151995" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:595.5px;">1 The carrying amount<div style="display:inline-block;width:3.5px"> </div>of financial assets measured<div style="display:inline-block;width:3.64px"> </div>at amortized cost represents<div style="display:inline-block;width:3.47px"> </div>the total gross exposure<div style="display:inline-block;width:3.77px"> </div>net of the respective ECL<div style="display:inline-block;width:3.54px"> </div>allowances.</div></div><div id="TextBlockContainer1177" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:604px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a152034" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a152037" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.577px;top:0px;">31.12.21 </div><div id="a152041" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:374.63px;top:14.2px;">Carrying amount</div><div id="a152042" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:435.204px;top:14.8px;">1</div><div id="a152045" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.497px;top:14.2px;">ECL allowances </div><div id="a152047" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.181px;top:27.8px;">Financial instruments measured<div style="display:inline-block;width:4.58px"> </div>at amortized cost </div><div id="a152050" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:341.057px;top:27.9px;">Total </div><div id="a152052" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:376.524px;top:27.9px;">Stage 1 </div><div id="a152054" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.484px;top:27.9px;">Stage 2 </div><div id="a152056" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:466.444px;top:27.9px;">Stage 3 </div><div id="a152059" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.11px;top:27.9px;">Total </div><div id="a152061" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.617px;top:27.9px;">Stage 1 </div><div id="a152063" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.564px;top:27.9px;">Stage 2 </div><div id="a152065" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:650.497px;top:27.9px;">Stage 3 </div><div id="a152067" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:41.6px;">Cash and balances at central banks </div><div id="a152070_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:41.6px;">192,817</div><div id="a152073_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.737px;top:41.6px;">192,817</div><div id="a152076_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:41.6px;">0</div><div id="a152079_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.137px;top:41.6px;">0</div><div id="a152083_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:538.35px;top:41.6px;">0</div><div id="a152086_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.31px;top:41.6px;">0</div><div id="a152089_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.27px;top:41.6px;">0</div><div id="a152092_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:41.6px;">0</div><div id="a152095" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:55.8px;">Loans and advances to banks </div><div id="a152098_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:55.8px;">15,360</div><div id="a152101_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:55.8px;">15,333</div><div id="a152104_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:439.457px;top:55.8px;">26</div><div id="a152107_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.137px;top:55.8px;">1</div><div id="a152111_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.15px;top:55.8px;display:flex;">(8)</div><div id="a152114_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.11px;top:55.8px;display:flex;">(7)</div><div id="a152117_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.07px;top:55.8px;display:flex;">(1)</div><div id="a152120_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:55.8px;">0</div><div id="a152123" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:70px;">Receivables from securities financing transactions<div style="display:inline-block;width:4.01px"> </div>measured at amortized cost </div><div id="a152127_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:70px;">75,012</div><div id="a152130_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:70px;">75,012</div><div id="a152133_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:70px;">0</div><div id="a152136_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.137px;top:70px;">0</div><div id="a152140_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.15px;top:70px;display:flex;">(2)</div><div id="a152143_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.11px;top:70px;display:flex;">(2)</div><div id="a152146_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.27px;top:70px;">0</div><div id="a152149_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:70px;">0</div><div id="a152152" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:84.7px;">Cash collateral receivables on derivative<div style="display:inline-block;width:3.86px"> </div>instruments </div><div id="a152155_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:84.7px;">30,514</div><div id="a152158_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:84.7px;">30,514</div><div id="a152161_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:84.7px;">0</div><div id="a152164_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.137px;top:84.7px;">0</div><div id="a152168_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:538.35px;top:84.7px;">0</div><div id="a152171_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.31px;top:84.7px;">0</div><div id="a152174_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.27px;top:84.7px;">0</div><div id="a152177_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:84.7px;">0</div><div id="a152180" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:98.9px;">Loans and advances to customers </div><div id="a152183_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:98.9px;">398,693</div><div id="a152186_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.737px;top:98.9px;">381,496</div><div id="a152189_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:422.43px;top:98.9px;">15,620</div><div id="a152192_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:472.11px;top:98.9px;">1,577</div><div id="a152196_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.697px;top:98.9px;display:flex;">(850)</div><div id="a152199_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.657px;top:98.9px;display:flex;">(126)</div><div id="a152202_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.604px;top:98.9px;display:flex;">(152)</div><div id="a152205_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:98.9px;display:flex;">(572)</div><div id="a152208" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:113.1px;">of which: Private clients with mortgages </div><div id="a152211_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:327.79px;top:113.1px;">152,479</div><div id="a152214_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:372.737px;top:113.1px;">143,505</div><div id="a152217_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:427.164px;top:113.1px;">8,262</div><div id="a152220_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:479.204px;top:113.1px;">711</div><div id="a152224_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:523.697px;top:113.1px;display:flex;">(132)</div><div id="a152227_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:113.1px;display:flex;">(28)</div><div id="a152230_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:618.337px;top:113.1px;display:flex;">(71)</div><div id="a152233_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.297px;top:113.1px;display:flex;">(33)</div><div id="a152236" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:127.7px;">of which: Real estate financing </div><div id="a152239_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.51px;top:127.7px;">43,945</div><div id="a152242_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:377.47px;top:127.7px;">40,463</div><div id="a152245_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:427.164px;top:127.7px;">3,472</div><div id="a152248_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:127.7px;">9</div><div id="a152252_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:127.7px;display:flex;">(60)</div><div id="a152255_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:127.7px;display:flex;">(19)</div><div id="a152258_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:618.337px;top:127.7px;display:flex;">(40)</div><div id="a152261_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:127.7px;">0</div><div id="a152264" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:141.9px;">of which: Large corporate clients </div><div id="a152268_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.51px;top:141.9px;">13,990</div><div id="a152271_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:377.47px;top:141.9px;">12,643</div><div id="a152274_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:427.164px;top:141.9px;">1,037</div><div id="a152277_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:479.204px;top:141.9px;">310</div><div id="a152281_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:523.697px;top:141.9px;display:flex;">(170)</div><div id="a152284_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:141.9px;display:flex;">(22)</div><div id="a152287_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:618.337px;top:141.9px;display:flex;">(16)</div><div id="a152290_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:658.564px;top:141.9px;display:flex;">(133)</div><div id="a152293" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:156.1px;">of which: SME clients </div><div id="a152296_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.51px;top:156.1px;">14,004</div><div id="a152299_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:377.47px;top:156.1px;">12,076</div><div id="a152302_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:427.164px;top:156.1px;">1,492</div><div id="a152305_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:479.204px;top:156.1px;">436</div><div id="a152309_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:523.697px;top:156.1px;display:flex;">(259)</div><div id="a152312_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:156.1px;display:flex;">(19)</div><div id="a152315_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:618.337px;top:156.1px;display:flex;">(15)</div><div id="a152318_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:658.564px;top:156.1px;display:flex;">(225)</div><div id="a152321" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:170.8px;">of which: Lombard </div><div id="a152324_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:327.79px;top:170.8px;">149,283</div><div id="a152327_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:372.737px;top:170.8px;">149,255</div><div id="a152330_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.217px;top:170.8px;">0</div><div id="a152333_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:484.417px;top:170.8px;">27</div><div id="a152337_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:170.8px;display:flex;">(33)</div><div id="a152340_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:170.8px;display:flex;">(6)</div><div id="a152343_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:170.8px;">0</div><div id="a152346_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.297px;top:170.8px;display:flex;">(28)</div><div id="a152349" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:185px;">of which: Credit cards </div><div id="a152352_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:185px;">1,716</div><div id="a152355_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:185px;">1,345</div><div id="a152358_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:185px;">342</div><div id="a152361_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:484.417px;top:185px;">29</div><div id="a152365_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:185px;display:flex;">(36)</div><div id="a152368_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:185px;display:flex;">(10)</div><div id="a152371_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:185px;display:flex;">(9)</div><div id="a152374_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.297px;top:185px;display:flex;">(17)</div><div id="a152377" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:199.2px;">of which: Commodity trade finance </div><div id="a152380_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:199.2px;">3,813</div><div id="a152383_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:199.2px;">3,799</div><div id="a152386_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.217px;top:199.2px;">7</div><div id="a152389_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:199.2px;">7</div><div id="a152393_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:523.697px;top:199.2px;display:flex;">(114)</div><div id="a152396_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:199.2px;display:flex;">(6)</div><div id="a152399_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:199.2px;">0</div><div id="a152402_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:658.564px;top:199.2px;display:flex;">(108)</div><div id="a152405" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:213.4px;">Other financial assets measured at amortized cost </div><div id="a152408_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:213.4px;">26,236</div><div id="a152411_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:213.4px;">25,746</div><div id="a152414_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:434.257px;top:213.4px;">302</div><div id="a152417_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:479.204px;top:213.4px;">189</div><div id="a152421_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.697px;top:213.4px;display:flex;">(109)</div><div id="a152424_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.377px;top:213.4px;display:flex;">(27)</div><div id="a152427_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.07px;top:213.4px;display:flex;">(7)</div><div id="a152430_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:213.4px;display:flex;">(76)</div><div id="a152433" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:228px;">of which: Loans to financial advisors </div><div id="a152437_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:228px;">2,453</div><div id="a152440_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:228px;">2,184</div><div id="a152443_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:228px;">106</div><div id="a152446_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:479.204px;top:228px;">163</div><div id="a152450_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:228px;display:flex;">(86)</div><div id="a152453_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:228px;display:flex;">(19)</div><div id="a152456_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:228px;display:flex;">(3)</div><div id="a152459_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.297px;top:228px;display:flex;">(63)</div><div id="a152462" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:241.7px;">Total financial assets<div style="display:inline-block;width:3.87px"> </div>measured at amortized cost </div><div id="a152465_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:241.7px;">738,632</div><div id="a152468_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.737px;top:241.7px;">720,917</div><div id="a152471_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:422.43px;top:241.7px;">15,948</div><div id="a152474_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:472.11px;top:241.7px;">1,767</div><div id="a152478_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.697px;top:241.7px;display:flex;">(969)</div><div id="a152481_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.657px;top:241.7px;display:flex;">(161)</div><div id="a152484_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.604px;top:241.7px;display:flex;">(160)</div><div id="a152487_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:241.7px;display:flex;">(647)</div><div id="a152490" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:256px;">Financial assets measured at<div style="display:inline-block;width:3.79px"> </div>fair value through other comprehensive<div style="display:inline-block;width:3.89px"> </div>income </div><div id="a152494_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:337.27px;top:256px;">8,844</div><div id="a152497_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:382.204px;top:256px;">8,844</div><div id="a152500_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:256px;">0</div><div id="a152503_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.137px;top:256px;">0</div><div id="a152507_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:538.35px;top:256px;">0</div><div id="a152510_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.31px;top:256px;">0</div><div id="a152513_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.27px;top:256px;">0</div><div id="a152516_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:256px;">0</div><div id="a152519" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:269.7px;">Total on-balance<div style="display:inline-block;width:3.77px"> </div>sheet financial assets within the scope of<div style="display:inline-block;width:3.78px"> </div>ECL requirements </div><div id="a152524_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:269.7px;">747,477</div><div id="a152527_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.737px;top:269.7px;">729,762</div><div id="a152530_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:422.43px;top:269.7px;">15,948</div><div id="a152533_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:472.11px;top:269.7px;">1,767</div><div id="a152537_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.697px;top:269.7px;display:flex;">(969)</div><div id="a152540_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.657px;top:269.7px;display:flex;">(161)</div><div id="a152543_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.604px;top:269.7px;display:flex;">(160)</div><div id="a152546_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:269.7px;display:flex;">(647)</div><div id="a152562" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:296.2px;">Total exposure </div><div id="a152565" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.39px;top:296.2px;">ECL provisions </div><div id="a152567" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.181px;top:310.2px;">Off-balance sheet (within the<div style="display:inline-block;width:4.18px"> </div>scope of ECL) </div><div id="a152573" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:341.057px;top:309.9px;">Total </div><div id="a152575" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:376.524px;top:309.9px;">Stage 1 </div><div id="a152577" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.484px;top:309.9px;">Stage 2 </div><div id="a152579" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:466.444px;top:309.9px;">Stage 3 </div><div id="a152582" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.11px;top:309.9px;">Total </div><div id="a152584" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.617px;top:309.9px;">Stage 1 </div><div id="a152586" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.564px;top:309.9px;">Stage 2 </div><div id="a152588" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:650.497px;top:309.9px;">Stage 3 </div><div id="a152590" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:323.6px;">Guarantees </div><div id="a152593_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:323.6px;">20,972</div><div id="a152596_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:323.6px;">19,695</div><div id="a152599_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:427.164px;top:323.6px;">1,127</div><div id="a152602_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:479.204px;top:323.6px;">150</div><div id="a152606_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:528.417px;top:323.6px;display:flex;">(41)</div><div id="a152609_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.377px;top:323.6px;display:flex;">(18)</div><div id="a152612_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.07px;top:323.6px;display:flex;">(8)</div><div id="a152615_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:323.6px;display:flex;">(15)</div><div id="a152618" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:337.8px;">of which: Large corporate clients </div><div id="a152621_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:337.8px;">3,464</div><div id="a152624_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:337.8px;">2,567</div><div id="a152627_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:337.8px;">793</div><div id="a152630_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:479.204px;top:337.8px;">104</div><div id="a152634_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:337.8px;display:flex;">(6)</div><div id="a152637_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:337.8px;display:flex;">(3)</div><div id="a152640_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:337.8px;display:flex;">(3)</div><div id="a152643_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:337.8px;">0</div><div id="a152646" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:352.5px;">of which: SME clients </div><div id="a152649_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:352.5px;">1,353</div><div id="a152652_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:352.5px;">1,143</div><div id="a152655_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:352.5px;">164</div><div id="a152658_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:484.417px;top:352.5px;">46</div><div id="a152662_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:352.5px;display:flex;">(8)</div><div id="a152665_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:352.5px;display:flex;">(1)</div><div id="a152668_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:352.5px;display:flex;">(1)</div><div id="a152671_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.03px;top:352.5px;display:flex;">(7)</div><div id="a152674" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:366.7px;">of which: Financial intermediaries and hedge funds<div style="display:inline-block;width:3.82px"> </div></div><div id="a152677_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:366.7px;">9,575</div><div id="a152680_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:366.7px;">9,491</div><div id="a152683_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:439.457px;top:366.7px;">84</div><div id="a152686_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:366.7px;">0</div><div id="a152690_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:366.7px;display:flex;">(17)</div><div id="a152693_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:366.7px;display:flex;">(13)</div><div id="a152696_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:366.7px;display:flex;">(4)</div><div id="a152699_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:366.7px;">0</div><div id="a152702" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:380.8px;">of which: Lombard </div><div id="a152705_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:380.8px;">2,454</div><div id="a152708_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:380.8px;">2,454</div><div id="a152711_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.217px;top:380.8px;">0</div><div id="a152714_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:380.8px;">0</div><div id="a152718_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:380.8px;display:flex;">(1)</div><div id="a152721_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:380.8px;">0</div><div id="a152724_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:380.8px;">0</div><div id="a152727_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.03px;top:380.8px;display:flex;">(1)</div><div id="a152730" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:395.5px;">of which: Commodity trade finance </div><div id="a152734_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:395.5px;">3,137</div><div id="a152737_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:395.5px;">3,137</div><div id="a152740_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.217px;top:395.5px;">0</div><div id="a152743_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:395.5px;">0</div><div id="a152747_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:395.5px;display:flex;">(1)</div><div id="a152750_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:395.5px;display:flex;">(1)</div><div id="a152753_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:395.5px;">0</div><div id="a152756_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:395.5px;">0</div><div id="a152759" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:409.7px;">Irrevocable loan commitments </div><div id="a152762_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:409.7px;">39,478</div><div id="a152765_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:409.7px;">37,097</div><div id="a152768_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:427.164px;top:409.7px;">2,335</div><div id="a152771_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:484.417px;top:409.7px;">46</div><div id="a152775_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.697px;top:409.7px;display:flex;">(114)</div><div id="a152778_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.377px;top:409.7px;display:flex;">(72)</div><div id="a152781_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:618.337px;top:409.7px;display:flex;">(42)</div><div id="a152784_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:409.7px;">0</div><div id="a152787" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:423.9px;">of which: Large corporate clients </div><div id="a152790_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.51px;top:423.9px;">23,922</div><div id="a152793_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:377.47px;top:423.9px;">21,811</div><div id="a152796_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:427.164px;top:423.9px;">2,102</div><div id="a152799_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:423.9px;">9</div><div id="a152803_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:523.697px;top:423.9px;display:flex;">(100)</div><div id="a152806_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:423.9px;display:flex;">(66)</div><div id="a152809_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:618.337px;top:423.9px;display:flex;">(34)</div><div id="a152812_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:423.9px;">0</div><div id="a152815" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:438.6px;">Forward starting reverse repurchase<div style="display:inline-block;width:3.94px"> </div>and securities borrowing agreements </div><div id="a152819_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:337.27px;top:438.6px;">1,444</div><div id="a152822_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:382.204px;top:438.6px;">1,444</div><div id="a152825_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:438.6px;">0</div><div id="a152828_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.137px;top:438.6px;">0</div><div id="a152832_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:538.35px;top:438.6px;">0</div><div id="a152835_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.31px;top:438.6px;">0</div><div id="a152838_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.27px;top:438.6px;">0</div><div id="a152841_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:438.6px;">0</div><div id="a152844" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:452.8px;">Committed unconditionally revocable credit lines </div><div id="a152847_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:452.8px;">42,373</div><div id="a152850_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:452.8px;">39,802</div><div id="a152853_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:427.164px;top:452.8px;">2,508</div><div id="a152856_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:484.417px;top:452.8px;">63</div><div id="a152860_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:528.417px;top:452.8px;display:flex;">(38)</div><div id="a152863_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.377px;top:452.8px;display:flex;">(28)</div><div id="a152866_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:618.337px;top:452.8px;display:flex;">(10)</div><div id="a152869_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:452.8px;">0</div><div id="a152872" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:466.9px;">of which: Real estate financing </div><div id="a152875_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:466.9px;">7,328</div><div id="a152878_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:466.9px;">7,046</div><div id="a152881_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:466.9px;">281</div><div id="a152884_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:466.9px;">0</div><div id="a152888_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:466.9px;display:flex;">(5)</div><div id="a152891_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:466.9px;display:flex;">(4)</div><div id="a152894_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:466.9px;display:flex;">(1)</div><div id="a152897_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:466.9px;">0</div><div id="a152900" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:481.6px;">of which: Large corporate clients </div><div id="a152903_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:481.6px;">5,358</div><div id="a152906_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:481.6px;">4,599</div><div id="a152909_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:481.6px;">736</div><div id="a152912_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:484.417px;top:481.6px;">23</div><div id="a152916_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:481.6px;display:flex;">(7)</div><div id="a152919_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:481.6px;display:flex;">(4)</div><div id="a152922_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:481.6px;display:flex;">(3)</div><div id="a152925_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:481.6px;">0</div><div id="a152928" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:495.8px;">of which: SME clients </div><div id="a152931_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:495.8px;">5,160</div><div id="a152934_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:495.8px;">4,736</div><div id="a152937_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:495.8px;">389</div><div id="a152940_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:484.417px;top:495.8px;">35</div><div id="a152944_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:495.8px;display:flex;">(15)</div><div id="a152947_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:495.8px;display:flex;">(11)</div><div id="a152950_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:495.8px;display:flex;">(3)</div><div id="a152953_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:495.8px;">0</div><div id="a152956" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:510px;">of which: Lombard </div><div id="a152959_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:510px;">8,670</div><div id="a152962_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:510px;">8,670</div><div id="a152965_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.217px;top:510px;">0</div><div id="a152968_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:510px;">0</div><div id="a152972_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:538.35px;top:510px;">0</div><div id="a152975_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:510px;">0</div><div id="a152978_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:510px;">0</div><div id="a152981_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:510px;">0</div><div id="a152984" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:524.2px;">of which: Credit cards </div><div id="a152987_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:524.2px;">9,466</div><div id="a152990_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:524.2px;">9,000</div><div id="a152993_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:524.2px;">462</div><div id="a152996_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:524.2px;">4</div><div id="a153000_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:524.2px;display:flex;">(6)</div><div id="a153003_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:524.2px;display:flex;">(5)</div><div id="a153006_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:524.2px;display:flex;">(2)</div><div id="a153009_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:524.2px;">0</div><div id="a153012" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:538.9px;">of which: Commodity trade finance </div><div id="a153015_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.364px;top:538.9px;">117</div><div id="a153018_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:389.324px;top:538.9px;">117</div><div id="a153021_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.217px;top:538.9px;">0</div><div id="a153024_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:538.9px;">0</div><div id="a153028_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:538.35px;top:538.9px;">0</div><div id="a153031_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:538.9px;">0</div><div id="a153034_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:538.9px;">0</div><div id="a153037_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:538.9px;">0</div><div id="a153040" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:553px;">Irrevocable committed prolongation of existing loans </div><div id="a153043_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:337.27px;top:553px;">5,611</div><div id="a153046_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:382.204px;top:553px;">5,527</div><div id="a153049_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:439.457px;top:553px;">36</div><div id="a153052_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:484.417px;top:553px;">48</div><div id="a153056_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.15px;top:553px;display:flex;">(3)</div><div id="a153059_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.11px;top:553px;display:flex;">(3)</div><div id="a153062_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.27px;top:553px;">0</div><div id="a153065_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:553px;">0</div><div id="a153068" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:566.8px;">Total off-balance sheet<div style="display:inline-block;width:3.78px"> </div>financial instruments and credit lines </div><div id="a153073_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:566.8px;">109,878</div><div id="a153076_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.737px;top:566.8px;">103,565</div><div id="a153079_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:427.164px;top:566.8px;">6,006</div><div id="a153082_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:479.204px;top:566.8px;">307</div><div id="a153086_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.697px;top:566.8px;display:flex;">(196)</div><div id="a153089_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.657px;top:566.8px;display:flex;">(121)</div><div id="a153092_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:618.817px;top:566.8px;display:flex;">(60)</div><div id="a153095_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:566.8px;display:flex;">(15)</div><div id="a153098" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:581px;">Total allowances and<div style="display:inline-block;width:3.73px"> </div>provisions </div><div id="a153106_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:516.604px;top:581px;display:flex;">(1,165)</div><div id="a153109_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.657px;top:581px;display:flex;">(282)</div><div id="a153112_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.604px;top:581px;display:flex;">(220)</div><div id="a153115_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:581px;display:flex;">(662)</div><div id="a153118" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:595.5px;">1 The carrying amount<div style="display:inline-block;width:3.5px"> </div>of financial assets measured<div style="display:inline-block;width:3.64px"> </div>at amortized cost represents<div style="display:inline-block;width:3.47px"> </div>the total gross exposure<div style="display:inline-block;width:3.77px"> </div>net of the respective ECL<div style="display:inline-block;width:3.54px"> </div>allowances.</div></div><div id="TextBlockContainer1180" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:312px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a153158" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Coverage ratios are<div style="display:inline-block;width:6.07px"> </div>calculated for the<div style="display:inline-block;width:5.97px"> </div>core loan<div style="display:inline-block;width:5.22px"> </div>portfolio by taking<div style="display:inline-block;width:5.7px"> </div>ECL allowances<div style="display:inline-block;width:5.4px"> </div>and provisions<div style="display:inline-block;width:6.05px"> </div>divided by<div style="display:inline-block;width:5.03px"> </div>the gross </div><div id="a153163" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.2px;">carrying amount<div style="display:inline-block;width:5.2px"> </div>of the<div style="display:inline-block;width:5.4px"> </div>exposures.<div style="display:inline-block;width:5.55px"> </div>Core loan<div style="display:inline-block;width:5.58px"> </div>exposure is<div style="display:inline-block;width:5.32px"> </div>defined as<div style="display:inline-block;width:5.23px"> </div>the sum<div style="display:inline-block;width:5.45px"> </div>of </div><div id="a153166" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:466.272px;top:14.9px;">Loans and<div style="display:inline-block;width:5.96px"> </div>advances to<div style="display:inline-block;width:5.4px"> </div>customers</div><div id="a153167" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:659.818px;top:15.2px;"><div style="display:inline-block;width:4.25px"> </div>and </div><div id="a153169" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:30.5px;">Loans to financial advisors</div><div id="a153170" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:152.552px;top:30.8px;">.<div style="display:inline-block;width:11.92px"> </div></div><div id="a153172" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:53.5px;">These ratios are influenced by the following<div style="display:inline-block;width:5.48px"> </div>key factors:<div style="display:inline-block;width:4.36px"> </div></div><div id="a153180" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:68.6px;">–</div><div id="a153181" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:68.5px;"> </div><div id="a153182" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:68.6px;">Lombard loans are generally secured with marketable securities in<div style="display:inline-block;width:5.19px"> </div>portfolios that are, as a rule, highly diversified,<div style="display:inline-block;width:4.02px"> </div>with </div><div id="a153199" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:83.7px;">strict lending policies that are intended<div style="display:inline-block;width:5.23px"> </div>to ensure that credit risk is minimal<div style="display:inline-block;width:5.13px"> </div>under most circumstances;<div style="display:inline-block;width:5.12px"> </div></div><div id="a153215" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.4px;">–</div><div id="a153216" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:99.2px;"> </div><div id="a153217" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:99.4px;">mortgage loans<div style="display:inline-block;width:5.39px"> </div>to private<div style="display:inline-block;width:5.42px"> </div>clients and real<div style="display:inline-block;width:5.48px"> </div>estate financing<div style="display:inline-block;width:5.93px"> </div>are controlled<div style="display:inline-block;width:5.24px"> </div>by conservative<div style="display:inline-block;width:5.78px"> </div>eligibility criteria,<div style="display:inline-block;width:5.45px"> </div>including </div><div id="a153229" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:114.5px;">low loan-to-value ratios<div style="display:inline-block;width:4.46px"> </div>and strong debt service capabilit<div style="display:inline-block;width:1.38px"> </div>ies; </div><div id="a153243" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:130.1px;">–</div><div id="a153244" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:130px;"> </div><div id="a153245" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:130.1px;">the amount of unsecured<div style="display:inline-block;width:5.23px"> </div>retail lending (including credit cards) is insignificant;<div style="display:inline-block;width:5.67px"> </div></div><div id="a153248" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:145.2px;">–</div><div id="a153249" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:145.1px;"> </div><div id="a153250" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:145.2px;">lending in Switzerland includes government<div style="display:inline-block;width:1.69px"> </div>-backed COVID-19 loans; </div><div id="a153256" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:160.4px;">–</div><div id="a153257" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:160.2px;"> </div><div id="a153258" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:160.4px;">contractual<div style="display:inline-block;width:5.31px"> </div>maturities<div style="display:inline-block;width:5.1px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the<div style="display:inline-block;width:5.25px"> </div>loan<div style="display:inline-block;width:5.5px"> </div>portfolio, which<div style="display:inline-block;width:6.7px"> </div>are<div style="display:inline-block;width:5.29px"> </div>a<div style="display:inline-block;width:5.2px"> </div>factor in<div style="display:inline-block;width:6.36px"> </div>the<div style="display:inline-block;width:5.25px"> </div>calculation of<div style="display:inline-block;width:6.51px"> </div>ECLs,<div style="display:inline-block;width:5.62px"> </div>are generally<div style="display:inline-block;width:6.18px"> </div>short,<div style="display:inline-block;width:5.45px"> </div>with </div><div id="a153261" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:176px;">Lombard<div style="display:inline-block;width:5.07px"> </div>lending<div style="display:inline-block;width:5.33px"> </div>typically having<div style="display:inline-block;width:6.24px"> </div>average<div style="display:inline-block;width:5.05px"> </div>contractual<div style="display:inline-block;width:5.31px"> </div>maturities<div style="display:inline-block;width:5.1px"> </div>of 12<div style="display:inline-block;width:6.23px"> </div>months<div style="display:inline-block;width:5.08px"> </div>or less,<div style="display:inline-block;width:6.4px"> </div>real estate<div style="display:inline-block;width:5.98px"> </div>lending<div style="display:inline-block;width:5.33px"> </div>generally </div><div id="a153263" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:191.2px;">between<div style="display:inline-block;width:5.12px"> </div>two and<div style="display:inline-block;width:6.37px"> </div>three years<div style="display:inline-block;width:5.17px"> </div>in Switzerland<div style="display:inline-block;width:1.47px"> </div>,<div style="display:inline-block;width:4.83px"> </div>with long<div style="display:inline-block;width:5.86px"> </div>dated maturities<div style="display:inline-block;width:5.46px"> </div>in the<div style="display:inline-block;width:5.93px"> </div>US,<div style="display:inline-block;width:5.15px"> </div>and<div style="display:inline-block;width:5.13px"> </div>corporate lending<div style="display:inline-block;width:6.32px"> </div>between </div><div id="a153275" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:206.8px;">one and two years with related loan<div style="display:inline-block;width:5.03px"> </div>commitments up to four<div style="display:inline-block;width:5.13px"> </div>years; and<div style="display:inline-block;width:4.12px"> </div></div><div id="a153282" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:221.9px;">–</div><div id="a153283" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:221.7px;"> </div><div id="a153284" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:221.9px;">write-offs of<div style="display:inline-block;width:2.27px"> </div>ECL allowances against<div style="display:inline-block;width:1.92px"> </div>the gross loan<div style="display:inline-block;width:2.09px"> </div>balances when all<div style="display:inline-block;width:1.6px"> </div>or part of<div style="display:inline-block;width:1.62px"> </div>a financial<div style="display:inline-block;width:2.2px"> </div>asset is deemed<div style="display:inline-block;width:2.24px"> </div>uncollectible </div><div id="a153287" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:237.5px;">or forgiven, reduces the coverage ratios. </div><div id="a153289" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:252.7px;"> </div><div id="a153290" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:267.8px;">The total<div style="display:inline-block;width:5.77px"> </div>combined<div style="display:inline-block;width:5.08px"> </div>on-<div style="display:inline-block;width:5.07px"> </div>and<div style="display:inline-block;width:5.13px"> </div>off-balance sheet<div style="display:inline-block;width:5.99px"> </div>coverage ratio<div style="display:inline-block;width:5.89px"> </div>was at </div><div id="a153290_67_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:404.635px;top:267.8px;">21</div><div id="a153290_69_38" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:419.898px;top:267.8px;"><div style="display:inline-block;width:3.79px"> </div>basis points<div style="display:inline-block;width:5.9px"> </div>as of<div style="display:inline-block;width:5.88px"> </div>31 December 2022, </div><div id="a153290_107_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:647.427px;top:267.8px;">1</div><div id="a153290_108_7" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:655.058px;top:267.8px;"><div style="display:inline-block;width:3.35px"> </div>basis </div><div id="a153303" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:283.4px;">point lower than on 31 December 2021. The combined stage 1 and 2 ratio of </div><div id="a153303_74_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:448.242px;top:283.4px;">10</div><div id="a153303_76_37" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:462.965px;top:283.4px;"><div style="display:inline-block;width:3.79px"> </div>basis points was unchanged compared </div><div id="a153310" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:298.5px;">with 31 December 2021;<div style="display:inline-block;width:5.34px"> </div>the stage 3 ratio was 22%, </div><div id="a153310_50_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:310.125px;top:298.5px;">2</div><div id="a153310_51_53" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:317.691px;top:298.5px;"><div style="display:inline-block;width:3.3px"> </div>percentage points lower than<div style="display:inline-block;width:5.2px"> </div>as of 31 December 2021.</div></div><div id="TextBlockContainer1183" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#9A3D37;line-height:normal;width:693px;height:485px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a153327" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:453.204px;top:0px;">31.12.22 </div><div id="a153331" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:291.844px;top:13.7px;">Gross carrying amount (USD<div style="display:inline-block;width:3.82px"> </div>m) </div><div id="a153334" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.99px;top:13.7px;">ECL coverage (bps) </div><div id="a153336" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:27.9px;">On-balance sheet </div><div id="a153341" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:282.83px;top:27.9px;">Total </div><div id="a153343" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:325.417px;top:27.9px;">Stage 1 </div><div id="a153345" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.324px;top:27.9px;">Stage 2 </div><div id="a153347" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:417.697px;top:27.9px;">Stage 3 </div><div id="a153350" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.844px;top:27.9px;">Total </div><div id="a153352" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.764px;top:27.9px;">Stage 1 </div><div id="a153354" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.67px;top:27.9px;">Stage 2 </div><div id="a153356" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.79px;top:27.9px;">Stage 1&amp;2 </div><div id="a153358" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:27.9px;">Stage 3 </div><div id="a153360" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:40.7px;">Private clients with mortgages </div><div id="a153363_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:269.59px;top:40.7px;">157,091</div><div id="a153366_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:321.63px;top:40.7px;">147,678</div><div id="a153369_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:40.7px;">8,686</div><div id="a153372_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:430.47px;top:40.7px;">727</div><div id="a153376_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:485.35px;top:40.7px;">10</div><div id="a153379_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:536.457px;top:40.7px;">2</div><div id="a153382_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:572.43px;top:40.7px;">123</div><div id="a153385_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:635.364px;top:40.7px;">9</div><div id="a153388_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:671.337px;top:40.7px;">381</div><div id="a153391" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:55.4px;">Real estate financing </div><div id="a153394_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:55.4px;">46,511</div><div id="a153397_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:55.4px;">43,129</div><div id="a153400_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:55.4px;">3,372</div><div id="a153403_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:440.404px;top:55.4px;">9</div><div id="a153407_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:490.084px;top:55.4px;">9</div><div id="a153410_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:536.457px;top:55.4px;">4</div><div id="a153413_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:577.63px;top:55.4px;">70</div><div id="a153416_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:635.364px;top:55.4px;">9</div><div id="a153419_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:671.337px;top:55.4px;">232</div><div id="a153422" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.166px;top:69.5px;">Total real estate lending </div><div id="a153425_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:269.59px;top:69.5px;">203,602</div><div id="a153428_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:321.63px;top:69.5px;">190,807</div><div id="a153431_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:372.27px;top:69.5px;">12,059</div><div id="a153434_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:430.47px;top:69.5px;">736</div><div id="a153438_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:485.35px;top:69.5px;">10</div><div id="a153441_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:536.457px;top:69.5px;">2</div><div id="a153444_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:572.43px;top:69.5px;">108</div><div id="a153447_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:635.364px;top:69.5px;">9</div><div id="a153450_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:671.337px;top:69.5px;">379</div><div id="a153453" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:83.7px;">Large corporate clients </div><div id="a153457_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:83.7px;">12,356</div><div id="a153460_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:83.7px;">10,757</div><div id="a153463_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:83.7px;">1,204</div><div id="a153466_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:430.47px;top:83.7px;">395</div><div id="a153470_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:480.15px;top:83.7px;">105</div><div id="a153473_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.737px;top:83.7px;">22</div><div id="a153476_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:572.43px;top:83.7px;">120</div><div id="a153479_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:630.63px;top:83.7px;">32</div><div id="a153482_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:664.244px;top:83.7px;">2,325</div><div id="a153485" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:98.4px;">SME clients </div><div id="a153488_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:98.4px;">14,154</div><div id="a153491_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:98.4px;">12,237</div><div id="a153494_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:98.4px;">1,364</div><div id="a153497_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:430.47px;top:98.4px;">553</div><div id="a153501_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:480.15px;top:98.4px;">177</div><div id="a153504_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.737px;top:98.4px;">22</div><div id="a153507_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:572.43px;top:98.4px;">161</div><div id="a153510_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:630.63px;top:98.4px;">36</div><div id="a153513_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:664.244px;top:98.4px;">3,664</div><div id="a153516" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.166px;top:112.6px;">Total corporate lending </div><div id="a153519_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:112.6px;">26,510</div><div id="a153522_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:112.6px;">22,994</div><div id="a153525_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:112.6px;">2,567</div><div id="a153528_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:430.47px;top:112.6px;">949</div><div id="a153532_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:480.15px;top:112.6px;">144</div><div id="a153535_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.737px;top:112.6px;">22</div><div id="a153538_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:572.43px;top:112.6px;">142</div><div id="a153541_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:630.63px;top:112.6px;">34</div><div id="a153544_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:664.244px;top:112.6px;">3,106</div><div id="a153547" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:126.8px;">Lombard </div><div id="a153550_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:269.59px;top:126.8px;">132,313</div><div id="a153553_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:321.63px;top:126.8px;">132,205</div><div id="a153556_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:394.057px;top:126.8px;">0</div><div id="a153559_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:430.47px;top:126.8px;">108</div><div id="a153563_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:490.084px;top:126.8px;">2</div><div id="a153566_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:536.457px;top:126.8px;">1</div><div id="a153569_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.364px;top:126.8px;">0</div><div id="a153572_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:635.364px;top:126.8px;">1</div><div id="a153575_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:664.244px;top:126.8px;">1,580</div><div id="a153578" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:141.5px;">Credit cards </div><div id="a153581_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:279.044px;top:141.5px;">1,869</div><div id="a153584_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:331.097px;top:141.5px;">1,427</div><div id="a153587_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:384.097px;top:141.5px;">393</div><div id="a153590_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:435.67px;top:141.5px;">50</div><div id="a153594_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:480.15px;top:141.5px;">190</div><div id="a153597_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.737px;top:141.5px;">46</div><div id="a153600_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:572.43px;top:141.5px;">256</div><div id="a153603_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:630.63px;top:141.5px;">91</div><div id="a153606_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:664.244px;top:141.5px;">3,779</div><div id="a153609" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:155.7px;">Commodity trade finance </div><div id="a153612_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:279.044px;top:155.7px;">3,367</div><div id="a153615_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:331.097px;top:155.7px;">3,266</div><div id="a153618_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:394.057px;top:155.7px;">0</div><div id="a153621_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:430.47px;top:155.7px;">101</div><div id="a153625_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:480.15px;top:155.7px;">285</div><div id="a153628_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.737px;top:155.7px;">18</div><div id="a153631_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.364px;top:155.7px;">0</div><div id="a153634_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:630.63px;top:155.7px;">18</div><div id="a153637_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:664.244px;top:155.7px;">8,901</div><div id="a153640" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:169.8px;">Other loans and advances to customers </div><div id="a153643_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:169.8px;">23,149</div><div id="a153646_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:169.8px;">22,333</div><div id="a153649_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:384.097px;top:169.8px;">748</div><div id="a153652_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:435.67px;top:169.8px;">68</div><div id="a153656_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:485.35px;top:169.8px;">18</div><div id="a153659_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:536.457px;top:169.8px;">6</div><div id="a153662_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:577.63px;top:169.8px;">38</div><div id="a153665_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:635.364px;top:169.8px;">7</div><div id="a153668_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:664.244px;top:169.8px;">3,769</div><div id="a153671" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:184.5px;">Loans to financial advisors </div><div id="a153674_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:279.044px;top:184.5px;">2,670</div><div id="a153677_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:331.097px;top:184.5px;">2,364</div><div id="a153680_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:384.097px;top:184.5px;">130</div><div id="a153683_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:430.47px;top:184.5px;">176</div><div id="a153687_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:480.15px;top:184.5px;">221</div><div id="a153690_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.737px;top:184.5px;">28</div><div id="a153693_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:572.43px;top:184.5px;">124</div><div id="a153696_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:630.63px;top:184.5px;">33</div><div id="a153699_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:664.244px;top:184.5px;">2,870</div><div id="a153702" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.166px;top:198.7px;">Total other lending </div><div id="a153705_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:269.59px;top:198.7px;">163,368</div><div id="a153708_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:321.63px;top:198.7px;">161,595</div><div id="a153711_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:198.7px;">1,270</div><div id="a153714_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:430.47px;top:198.7px;">503</div><div id="a153718_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:485.35px;top:198.7px;">16</div><div id="a153721_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:536.457px;top:198.7px;">3</div><div id="a153724_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:572.43px;top:198.7px;">114</div><div id="a153727_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:635.364px;top:198.7px;">3</div><div id="a153730_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:664.244px;top:198.7px;">4,016</div><div id="a153733" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:212.9px;">Total</div><div id="a153734" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:21.656px;top:213.5px;">1</div><div id="a153737_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:212.9px;">393,480</div><div id="a153740_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:212.9px;">375,396</div><div id="a153743_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.27px;top:212.9px;">15,896</div><div id="a153746_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.377px;top:212.9px;">2,188</div><div id="a153750_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:212.9px;">21</div><div id="a153753_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:212.9px;">4</div><div id="a153756_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:212.9px;">114</div><div id="a153759_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:212.9px;">8</div><div id="a153762_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:212.9px;">2,398</div><div id="a153779" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:305.084px;top:238.4px;">Gross exposure (USD m) </div><div id="a153783" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.99px;top:238.4px;">ECL coverage (bps) </div><div id="a153785" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:252.6px;">Off-balance sheet </div><div id="a153790" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:282.83px;top:252.6px;">Total </div><div id="a153792" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:325.417px;top:252.6px;">Stage 1 </div><div id="a153794" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.324px;top:252.6px;">Stage 2 </div><div id="a153796" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:417.697px;top:252.6px;">Stage 3 </div><div id="a153799" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.844px;top:252.6px;">Total </div><div id="a153801" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.764px;top:252.6px;">Stage 1 </div><div id="a153803" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.67px;top:252.6px;">Stage 2 </div><div id="a153805" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.79px;top:252.6px;">Stage 1&amp;2 </div><div id="a153807" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:252.6px;">Stage 3 </div><div id="a153809" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:265.9px;">Private clients with mortgages </div><div id="a153812_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:279.044px;top:265.9px;">6,535</div><div id="a153815_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:331.097px;top:265.9px;">6,296</div><div id="a153818_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:384.097px;top:265.9px;">236</div><div id="a153821_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:440.404px;top:265.9px;">3</div><div id="a153825_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:490.084px;top:265.9px;">5</div><div id="a153828_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:536.457px;top:265.9px;">4</div><div id="a153831_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:577.63px;top:265.9px;">18</div><div id="a153834_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:635.364px;top:265.9px;">4</div><div id="a153837_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:664.244px;top:265.9px;">1,183</div><div id="a153840" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:280.1px;">Real estate financing </div><div id="a153843_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:280.1px;">10,054</div><div id="a153846_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:331.097px;top:280.1px;">9,779</div><div id="a153849_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:384.097px;top:280.1px;">275</div><div id="a153852_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:440.404px;top:280.1px;">0</div><div id="a153856_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:490.084px;top:280.1px;">6</div><div id="a153859_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:536.457px;top:280.1px;">7</div><div id="a153862_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.364px;top:280.1px;">0</div><div id="a153865_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:635.364px;top:280.1px;">6</div><div id="a153868_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:681.27px;top:280.1px;">0</div><div id="a153871" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.166px;top:294.7px;">Total real estate lending </div><div id="a153874_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:294.7px;">16,589</div><div id="a153877_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:294.7px;">16,075</div><div id="a153880_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:384.097px;top:294.7px;">511</div><div id="a153883_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:440.404px;top:294.7px;">3</div><div id="a153887_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:490.084px;top:294.7px;">6</div><div id="a153890_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:536.457px;top:294.7px;">6</div><div id="a153893_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.364px;top:294.7px;">2</div><div id="a153896_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:635.364px;top:294.7px;">6</div><div id="a153899_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:664.244px;top:294.7px;">1,288</div><div id="a153902" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:308.9px;">Large corporate clients </div><div id="a153905_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:308.9px;">32,126</div><div id="a153908_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:308.9px;">28,950</div><div id="a153911_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:308.9px;">3,013</div><div id="a153914_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:430.47px;top:308.9px;">163</div><div id="a153918_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:485.35px;top:308.9px;">38</div><div id="a153921_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.737px;top:308.9px;">18</div><div id="a153924_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:572.43px;top:308.9px;">165</div><div id="a153927_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:630.63px;top:308.9px;">32</div><div id="a153930_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:664.244px;top:308.9px;">1,263</div><div id="a153933" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:323.1px;">SME clients </div><div id="a153936_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:279.044px;top:323.1px;">7,122</div><div id="a153939_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:331.097px;top:323.1px;">6,525</div><div id="a153942_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:384.097px;top:323.1px;">499</div><div id="a153945_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:435.67px;top:323.1px;">98</div><div id="a153949_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:485.35px;top:323.1px;">47</div><div id="a153952_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.737px;top:323.1px;">30</div><div id="a153955_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:572.43px;top:323.1px;">214</div><div id="a153958_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:630.63px;top:323.1px;">43</div><div id="a153961_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:671.337px;top:323.1px;">304</div><div id="a153964" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.166px;top:337.3px;">Total corporate lending </div><div id="a153967_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:337.3px;">39,247</div><div id="a153970_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:337.3px;">35,475</div><div id="a153973_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:337.3px;">3,513</div><div id="a153976_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:430.47px;top:337.3px;">260</div><div id="a153980_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:485.35px;top:337.3px;">40</div><div id="a153983_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.737px;top:337.3px;">20</div><div id="a153986_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:572.43px;top:337.3px;">172</div><div id="a153989_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:630.63px;top:337.3px;">34</div><div id="a153992_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:671.337px;top:337.3px;">903</div><div id="a153995" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:352px;">Lombard </div><div id="a153998_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:352px;">12,919</div><div id="a154001_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:352px;">12,918</div><div id="a154004_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:394.057px;top:352px;">0</div><div id="a154007_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:440.404px;top:352px;">1</div><div id="a154011_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:490.084px;top:352px;">2</div><div id="a154014_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:536.457px;top:352px;">1</div><div id="a154017_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.364px;top:352px;">0</div><div id="a154020_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:635.364px;top:352px;">1</div><div id="a154023_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:681.27px;top:352px;">0</div><div id="a154026" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:366.2px;">Credit cards </div><div id="a154029_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:279.044px;top:366.2px;">9,390</div><div id="a154032_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:331.097px;top:366.2px;">8,900</div><div id="a154035_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:384.097px;top:366.2px;">487</div><div id="a154038_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:440.404px;top:366.2px;">3</div><div id="a154042_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:490.084px;top:366.2px;">7</div><div id="a154045_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:536.457px;top:366.2px;">5</div><div id="a154048_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:577.63px;top:366.2px;">36</div><div id="a154051_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:635.364px;top:366.2px;">7</div><div id="a154054_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:681.27px;top:366.2px;">0</div><div id="a154057" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:380.4px;">Commodity trade finance </div><div id="a154060_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:279.044px;top:380.4px;">2,459</div><div id="a154063_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:331.097px;top:380.4px;">2,459</div><div id="a154066_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:394.057px;top:380.4px;">0</div><div id="a154069_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:440.404px;top:380.4px;">0</div><div id="a154073_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:490.084px;top:380.4px;">3</div><div id="a154076_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:536.457px;top:380.4px;">3</div><div id="a154079_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.364px;top:380.4px;">0</div><div id="a154082_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:635.364px;top:380.4px;">3</div><div id="a154085_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:681.27px;top:380.4px;">0</div><div id="a154088" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:395px;">Financial intermediaries and hedge funds </div><div id="a154091_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:395px;">18,128</div><div id="a154094_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:395px;">16,464</div><div id="a154097_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:395px;">1,664</div><div id="a154100_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:440.404px;top:395px;">0</div><div id="a154104_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:490.084px;top:395px;">7</div><div id="a154107_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:536.457px;top:395px;">6</div><div id="a154110_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:577.63px;top:395px;">25</div><div id="a154113_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:635.364px;top:395px;">7</div><div id="a154116_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:681.27px;top:395px;">0</div><div id="a154119" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:409.2px;">Other off-balance sheet commitments </div><div id="a154124_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:409.2px;">11,803</div><div id="a154127_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:409.2px;">11,454</div><div id="a154130_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:384.097px;top:409.2px;">346</div><div id="a154133_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:440.404px;top:409.2px;">3</div><div id="a154137_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:485.35px;top:409.2px;">11</div><div id="a154140_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:536.457px;top:409.2px;">8</div><div id="a154143_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:577.63px;top:409.2px;">68</div><div id="a154146_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:635.364px;top:409.2px;">9</div><div id="a154149_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:681.27px;top:409.2px;">0</div><div id="a154152" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.166px;top:423.4px;">Total other lending </div><div id="a154155_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:423.4px;">54,700</div><div id="a154158_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:423.4px;">52,195</div><div id="a154161_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:423.4px;">2,498</div><div id="a154164_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:440.404px;top:423.4px;">7</div><div id="a154168_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:490.084px;top:423.4px;">6</div><div id="a154171_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:536.457px;top:423.4px;">5</div><div id="a154174_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:577.63px;top:423.4px;">33</div><div id="a154177_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:635.364px;top:423.4px;">6</div><div id="a154180_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:681.27px;top:423.4px;">0</div><div id="a154183" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:438.1px;">Total</div><div id="a154184" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:21.656px;top:438.7px;">2</div><div id="a154187_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:438.1px;">110,537</div><div id="a154190_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:438.1px;">103,745</div><div id="a154193_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:438.1px;">6,522</div><div id="a154196_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:438.1px;">270</div><div id="a154200_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:438.1px;">18</div><div id="a154203_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:438.1px;">10</div><div id="a154206_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:438.1px;">106</div><div id="a154209_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:438.1px;">16</div><div id="a154212_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:671.337px;top:438.1px;">980</div><div id="a154215" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:452.3px;">Total on-<div style="display:inline-block;width:3.33px"> </div>and off-balance sheet</div><div id="a154221" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:117.684px;top:452.9px;">3</div><div id="a154224_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:452.3px;">504,016</div><div id="a154227_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:452.3px;">479,140</div><div id="a154230_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.27px;top:452.3px;">22,418</div><div id="a154233_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.377px;top:452.3px;">2,458</div><div id="a154237_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:452.3px;">21</div><div id="a154240_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:452.3px;">5</div><div id="a154243_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:452.3px;">112</div><div id="a154246_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:452.3px;">10</div><div id="a154249_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:452.3px;">2,242</div><div id="a154252" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:465.9px;">1 Includes Loans<div style="display:inline-block;width:3.48px"> </div>and advances to<div style="display:inline-block;width:3.98px"> </div>customers and Loans<div style="display:inline-block;width:4.09px"> </div>to financial<div style="display:inline-block;width:3.47px"> </div>advisors which are<div style="display:inline-block;width:3.78px"> </div>presented on the<div style="display:inline-block;width:3.95px"> </div>balance sheet line<div style="display:inline-block;width:3.96px"> </div>Other assets measured<div style="display:inline-block;width:3.94px"> </div>at amortized<div style="display:inline-block;width:3.4px"> </div>cost.<div style="display:inline-block;width:9.61px"> </div>2 Excludes Forward<div style="display:inline-block;width:4.31px"> </div>starting reverse<div style="display:inline-block;width:3.62px"> </div>repurchase </div><div id="a154257" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:476.3px;">and securities borrowing agreements.<div style="display:inline-block;width:10.41px"> </div>3 Includes on-balance-sheet<div style="display:inline-block;width:3.63px"> </div>exposure, gross and<div style="display:inline-block;width:3.78px"> </div>off-balance-sheet exposure<div style="display:inline-block;width:3.39px"> </div>(notional) and the related<div style="display:inline-block;width:3.8px"> </div>ECL coverage ratio.</div></div><div id="TextBlockContainer1188" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:693px;height:479px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1186_XBRL_TS_0e72c583cefe42c6bceb61ac32578e60" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1187" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:693px;height:479px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a154307" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:453.204px;top:0px;">31.12.21 </div><div id="a154311" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:291.844px;top:13.3px;">Gross carrying amount (USD<div style="display:inline-block;width:3.82px"> </div>m) </div><div id="a154315" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.99px;top:13.3px;">ECL coverage (bps) </div><div id="a154317" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:27.5px;">On-balance sheet </div><div id="a154322" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:282.83px;top:27.5px;">Total </div><div id="a154324" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:325.417px;top:27.5px;">Stage 1 </div><div id="a154326" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.324px;top:27.5px;">Stage 2 </div><div id="a154328" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:417.697px;top:27.5px;">Stage 3 </div><div id="a154331" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.844px;top:27.5px;">Total </div><div id="a154333" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.764px;top:27.5px;">Stage 1 </div><div id="a154335" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.67px;top:27.5px;">Stage 2 </div><div id="a154337" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.79px;top:27.5px;">Stage 1&amp;2 </div><div id="a154339" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:27.5px;">Stage 3 </div><div id="a154341" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:40.2px;">Private clients with mortgages </div><div id="a154344_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:40.2px;">152,610</div><div id="a154347_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:40.2px;">143,533</div><div id="a154350_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:40.2px;">8,333</div><div id="a154353_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:40.2px;">744</div><div id="a154357_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.084px;top:40.2px;">9</div><div id="a154360_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:40.2px;">2</div><div id="a154363_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:40.2px;">85</div><div id="a154366_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:40.2px;">6</div><div id="a154369_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:671.337px;top:40.2px;">446</div><div id="a154372" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:54.4px;">Real estate financing </div><div id="a154375_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:54.4px;">44,004</div><div id="a154378_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:54.4px;">40,483</div><div id="a154381_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:54.4px;">3,512</div><div id="a154384_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.67px;top:54.4px;">10</div><div id="a154388_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:54.4px;">14</div><div id="a154391_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:54.4px;">5</div><div id="a154394_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:54.4px;">114</div><div id="a154397_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:54.4px;">14</div><div id="a154400_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:671.337px;top:54.4px;">231</div><div id="a154403" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:68.6px;">Total real estate lending </div><div id="a154406_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:68.6px;">196,615</div><div id="a154409_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:68.6px;">184,016</div><div id="a154412_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.27px;top:68.6px;">11,845</div><div id="a154415_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:68.6px;">754</div><div id="a154419_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:68.6px;">10</div><div id="a154422_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:68.6px;">3</div><div id="a154425_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:68.6px;">94</div><div id="a154428_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:68.6px;">8</div><div id="a154431_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:671.337px;top:68.6px;">443</div><div id="a154434" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:82.8px;">Large corporate clients </div><div id="a154438_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:82.8px;">14,161</div><div id="a154441_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:82.8px;">12,665</div><div id="a154444_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:82.8px;">1,053</div><div id="a154447_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:82.8px;">443</div><div id="a154451_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.15px;top:82.8px;">120</div><div id="a154454_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:82.8px;">18</div><div id="a154457_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:82.8px;">148</div><div id="a154460_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:82.8px;">28</div><div id="a154463_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:82.8px;">2,997</div><div id="a154466" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:97px;">SME clients </div><div id="a154469_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:97px;">14,263</div><div id="a154472_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:97px;">12,095</div><div id="a154475_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:97px;">1,507</div><div id="a154478_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:97px;">661</div><div id="a154482_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.15px;top:97px;">182</div><div id="a154485_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:97px;">16</div><div id="a154488_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:97px;">103</div><div id="a154491_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:97px;">25</div><div id="a154494_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:97px;">3,402</div><div id="a154497" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:110.7px;">Total corporate lending </div><div id="a154500_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:110.7px;">28,424</div><div id="a154503_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:110.7px;">24,760</div><div id="a154506_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:110.7px;">2,560</div><div id="a154509_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.377px;top:110.7px;">1,104</div><div id="a154513_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.15px;top:110.7px;">151</div><div id="a154516_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:110.7px;">17</div><div id="a154519_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:110.7px;">121</div><div id="a154522_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:110.7px;">26</div><div id="a154525_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:110.7px;">3,240</div><div id="a154528" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:124.9px;">Lombard </div><div id="a154531_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:124.9px;">149,316</div><div id="a154534_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:124.9px;">149,261</div><div id="a154537_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.057px;top:124.9px;">0</div><div id="a154540_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.67px;top:124.9px;">55</div><div id="a154544_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.084px;top:124.9px;">2</div><div id="a154547_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:124.9px;">0</div><div id="a154550_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:124.9px;">0</div><div id="a154553_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:124.9px;">0</div><div id="a154556_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:124.9px;">5,026</div><div id="a154559" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:139.1px;">Credit cards </div><div id="a154562_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:279.044px;top:139.1px;">1,752</div><div id="a154565_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.097px;top:139.1px;">1,355</div><div id="a154568_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:139.1px;">351</div><div id="a154571_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.67px;top:139.1px;">46</div><div id="a154575_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.15px;top:139.1px;">204</div><div id="a154578_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:139.1px;">72</div><div id="a154581_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:139.1px;">255</div><div id="a154584_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:625.43px;top:139.1px;">109</div><div id="a154587_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:139.1px;">3,735</div><div id="a154590" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:153.3px;">Commodity trade finance </div><div id="a154593_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:279.044px;top:153.3px;">3,927</div><div id="a154596_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.097px;top:153.3px;">3,805</div><div id="a154599_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.057px;top:153.3px;">7</div><div id="a154602_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:153.3px;">115</div><div id="a154606_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.15px;top:153.3px;">290</div><div id="a154609_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:153.3px;">15</div><div id="a154612_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:153.3px;">3</div><div id="a154615_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:153.3px;">15</div><div id="a154618_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:153.3px;">9,388</div><div id="a154621" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:167.5px;">Other loans and advances to customers </div><div id="a154624_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:167.5px;">19,510</div><div id="a154627_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:167.5px;">18,425</div><div id="a154630_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:167.5px;">1,010</div><div id="a154633_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.67px;top:167.5px;">75</div><div id="a154637_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:167.5px;">23</div><div id="a154640_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:167.5px;">9</div><div id="a154643_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:167.5px;">15</div><div id="a154646_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:167.5px;">9</div><div id="a154649_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:167.5px;">3,730</div><div id="a154652" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:181.7px;">Loans to financial advisors </div><div id="a154655_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:279.044px;top:181.7px;">2,539</div><div id="a154658_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.097px;top:181.7px;">2,203</div><div id="a154661_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:181.7px;">109</div><div id="a154664_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:181.7px;">226</div><div id="a154668_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.15px;top:181.7px;">338</div><div id="a154671_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:181.7px;">88</div><div id="a154674_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:181.7px;">303</div><div id="a154677_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:181.7px;">99</div><div id="a154680_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:181.7px;">2,791</div><div id="a154683" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:195.9px;">Total other lending </div><div id="a154686_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:195.9px;">177,043</div><div id="a154689_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:195.9px;">175,049</div><div id="a154692_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:195.9px;">1,477</div><div id="a154695_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:195.9px;">517</div><div id="a154699_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:195.9px;">18</div><div id="a154702_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:195.9px;">3</div><div id="a154705_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:195.9px;">93</div><div id="a154708_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:195.9px;">4</div><div id="a154711_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:195.9px;">4,718</div><div id="a154714" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:210.1px;">Total</div><div id="a154715" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:21.656px;top:210.7px;">1</div><div id="a154718_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:210.1px;">402,081</div><div id="a154721_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:210.1px;">383,825</div><div id="a154724_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.27px;top:210.1px;">15,882</div><div id="a154727_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.377px;top:210.1px;">2,374</div><div id="a154731_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:210.1px;">23</div><div id="a154734_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:210.1px;">4</div><div id="a154737_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:210.1px;">98</div><div id="a154740_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:210.1px;">8</div><div id="a154743_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:210.1px;">2,673</div><div id="a154760" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:305.084px;top:236.1px;">Gross exposure (USD m) </div><div id="a154764" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.99px;top:236.1px;">ECL coverage (bps) </div><div id="a154766" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:250.3px;">Off-balance sheet </div><div id="a154771" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:282.83px;top:250.3px;">Total </div><div id="a154773" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:325.417px;top:250.3px;">Stage 1 </div><div id="a154775" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.324px;top:250.3px;">Stage 2 </div><div id="a154777" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:417.697px;top:250.3px;">Stage 3 </div><div id="a154780" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.844px;top:250.3px;">Total </div><div id="a154782" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.764px;top:250.3px;">Stage 1 </div><div id="a154784" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.67px;top:250.3px;">Stage 2 </div><div id="a154786" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.79px;top:250.3px;">Stage 1&amp;2 </div><div id="a154788" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:250.3px;">Stage 3 </div><div id="a154790" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:263.1px;">Private clients with mortgages </div><div id="a154793_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:279.044px;top:263.1px;">9,123</div><div id="a154796_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.097px;top:263.1px;">8,798</div><div id="a154799_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:263.1px;">276</div><div id="a154802_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.67px;top:263.1px;">49</div><div id="a154806_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.084px;top:263.1px;">3</div><div id="a154809_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:263.1px;">3</div><div id="a154812_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:263.1px;">9</div><div id="a154815_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:263.1px;">3</div><div id="a154818_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:676.537px;top:263.1px;">15</div><div id="a154821" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:277.3px;">Real estate financing </div><div id="a154824_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:279.044px;top:277.3px;">8,766</div><div id="a154827_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.097px;top:277.3px;">8,481</div><div id="a154830_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:277.3px;">285</div><div id="a154833_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.404px;top:277.3px;">0</div><div id="a154837_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.084px;top:277.3px;">9</div><div id="a154840_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:277.3px;">7</div><div id="a154843_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:277.3px;">88</div><div id="a154846_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:277.3px;">9</div><div id="a154849_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:681.27px;top:277.3px;">0</div><div id="a154852" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:291.4px;">Total real estate lending </div><div id="a154855_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:291.4px;">17,889</div><div id="a154858_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:291.4px;">17,278</div><div id="a154861_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:291.4px;">562</div><div id="a154864_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.67px;top:291.4px;">49</div><div id="a154868_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.084px;top:291.4px;">6</div><div id="a154871_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:291.4px;">5</div><div id="a154874_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:291.4px;">49</div><div id="a154877_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:291.4px;">6</div><div id="a154880_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:676.537px;top:291.4px;">15</div><div id="a154883" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:305.6px;">Large corporate clients </div><div id="a154886_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:305.6px;">32,748</div><div id="a154889_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:305.6px;">28,981</div><div id="a154892_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:305.6px;">3,630</div><div id="a154895_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:305.6px;">136</div><div id="a154899_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:305.6px;">34</div><div id="a154902_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:305.6px;">25</div><div id="a154905_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:305.6px;">110</div><div id="a154908_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:305.6px;">35</div><div id="a154911_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:681.27px;top:305.6px;">1</div><div id="a154914" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:319.3px;">SME clients </div><div id="a154917_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:279.044px;top:319.3px;">8,077</div><div id="a154920_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.097px;top:319.3px;">7,276</div><div id="a154923_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:319.3px;">688</div><div id="a154926_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:319.3px;">114</div><div id="a154930_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:319.3px;">38</div><div id="a154933_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:319.3px;">19</div><div id="a154936_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:319.3px;">151</div><div id="a154939_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:319.3px;">30</div><div id="a154942_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:671.337px;top:319.3px;">585</div><div id="a154945" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:333.6px;">Total corporate lending </div><div id="a154948_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:333.6px;">40,826</div><div id="a154951_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:333.6px;">36,258</div><div id="a154954_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:333.6px;">4,318</div><div id="a154957_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:333.6px;">250</div><div id="a154961_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:333.6px;">35</div><div id="a154964_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:333.6px;">24</div><div id="a154967_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:333.6px;">117</div><div id="a154970_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:333.6px;">34</div><div id="a154973_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:671.337px;top:333.6px;">266</div><div id="a154976" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:347.7px;">Lombard </div><div id="a154979_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:347.7px;">14,438</div><div id="a154982_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:347.7px;">14,438</div><div id="a154985_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.057px;top:347.7px;">0</div><div id="a154988_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.404px;top:347.7px;">0</div><div id="a154992_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.084px;top:347.7px;">1</div><div id="a154995_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:347.7px;">0</div><div id="a154998_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:347.7px;">0</div><div id="a155001_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:347.7px;">0</div><div id="a155004_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:681.27px;top:347.7px;">0</div><div id="a155007" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:361.9px;">Credit cards </div><div id="a155010_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:279.044px;top:361.9px;">9,466</div><div id="a155013_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.097px;top:361.9px;">9,000</div><div id="a155016_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:361.9px;">462</div><div id="a155019_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.404px;top:361.9px;">4</div><div id="a155023_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.084px;top:361.9px;">7</div><div id="a155026_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:361.9px;">5</div><div id="a155029_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:361.9px;">34</div><div id="a155032_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:361.9px;">7</div><div id="a155035_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:681.27px;top:361.9px;">0</div><div id="a155038" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:376.1px;">Commodity trade finance </div><div id="a155041_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:279.044px;top:376.1px;">3,262</div><div id="a155044_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.097px;top:376.1px;">3,262</div><div id="a155047_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.057px;top:376.1px;">0</div><div id="a155050_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.404px;top:376.1px;">0</div><div id="a155054_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.084px;top:376.1px;">4</div><div id="a155057_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:376.1px;">4</div><div id="a155060_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:376.1px;">0</div><div id="a155063_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:376.1px;">4</div><div id="a155066_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:681.27px;top:376.1px;">0</div><div id="a155069" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:390.3px;">Financial intermediaries and hedge funds </div><div id="a155072_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:390.3px;">13,747</div><div id="a155075_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:390.3px;">13,379</div><div id="a155078_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:390.3px;">369</div><div id="a155081_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.404px;top:390.3px;">0</div><div id="a155085_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:390.3px;">13</div><div id="a155088_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:390.3px;">10</div><div id="a155091_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:390.3px;">120</div><div id="a155094_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:390.3px;">13</div><div id="a155097_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:681.27px;top:390.3px;">0</div><div id="a155100" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:404.5px;">Other off-balance sheet commitments </div><div id="a155105_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:279.044px;top:404.5px;">8,806</div><div id="a155108_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.097px;top:404.5px;">8,507</div><div id="a155111_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:404.5px;">296</div><div id="a155114_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.404px;top:404.5px;">4</div><div id="a155118_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:404.5px;">15</div><div id="a155121_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:404.5px;">6</div><div id="a155124_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:404.5px;">30</div><div id="a155127_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:404.5px;">7</div><div id="a155130_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:681.27px;top:404.5px;">0</div><div id="a155133" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:418.7px;">Total other lending </div><div id="a155136_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:418.7px;">49,720</div><div id="a155139_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:418.7px;">48,585</div><div id="a155142_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:418.7px;">1,127</div><div id="a155145_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.404px;top:418.7px;">8</div><div id="a155149_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.084px;top:418.7px;">8</div><div id="a155152_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:418.7px;">5</div><div id="a155155_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:418.7px;">61</div><div id="a155158_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:418.7px;">7</div><div id="a155161_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:681.27px;top:418.7px;">0</div><div id="a155164" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:432.9px;">Total</div><div id="a155165" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:21.656px;top:433.5px;">2</div><div id="a155168_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:432.9px;">108,434</div><div id="a155171_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:432.9px;">102,121</div><div id="a155174_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:432.9px;">6,006</div><div id="a155177_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:432.9px;">307</div><div id="a155181_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:432.9px;">18</div><div id="a155184_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:432.9px;">12</div><div id="a155187_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:432.9px;">100</div><div id="a155190_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:432.9px;">17</div><div id="a155193_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:671.337px;top:432.9px;">486</div><div id="a155196" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:446.6px;">Total on-<div style="display:inline-block;width:3.33px"> </div>and off-balance sheet</div><div id="a155202" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:117.684px;top:447.3px;">3</div><div id="a155205_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:446.6px;">510,516</div><div id="a155208_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:446.6px;">485,946</div><div id="a155211_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.27px;top:446.6px;">21,888</div><div id="a155214_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.377px;top:446.6px;">2,681</div><div id="a155218_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:446.6px;">22</div><div id="a155221_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:446.6px;">5</div><div id="a155224_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:446.6px;">99</div><div id="a155227_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:446.6px;">9</div><div id="a155230_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:446.6px;">2,423</div><div id="a155233" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:460.2px;">1 Includes Loans<div style="display:inline-block;width:3.48px"> </div>and advances to<div style="display:inline-block;width:3.98px"> </div>customers and Loans<div style="display:inline-block;width:4.09px"> </div>to financial<div style="display:inline-block;width:3.47px"> </div>advisors which are<div style="display:inline-block;width:3.78px"> </div>presented on the<div style="display:inline-block;width:3.95px"> </div>balance sheet line<div style="display:inline-block;width:3.96px"> </div>Other assets measured<div style="display:inline-block;width:3.94px"> </div>at amortized<div style="display:inline-block;width:3.4px"> </div>cost.<div style="display:inline-block;width:9.61px"> </div>2 Excludes Forward<div style="display:inline-block;width:4.31px"> </div>starting reverse<div style="display:inline-block;width:3.62px"> </div>repurchase </div><div id="a155238" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:470.6px;">and securities borrowing agreements.<div style="display:inline-block;width:10.41px"> </div>3 Includes on-balance-sheet<div style="display:inline-block;width:3.63px"> </div>exposure, gross and<div style="display:inline-block;width:3.78px"> </div>off-balance-sheet exposure<div style="display:inline-block;width:3.39px"> </div>(notional) and the related<div style="display:inline-block;width:3.8px"> </div>ECL coverage ratio.</div></div></div></div> <div id="TextBlockContainer1174" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:604px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1172_XBRL_TS_26c62ec1666e44d0ad796dd3089707d4" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1173" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:604px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a150911" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a150914" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:481.577px;top:0px;">31.12.22 </div><div id="a150918" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:374.63px;top:14.2px;">Carrying amount</div><div id="a150919" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:435.67px;top:14.8px;">1</div><div id="a150922" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:562.497px;top:14.2px;">ECL allowances </div><div id="a150924" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:3.181px;top:27.7px;">Financial instruments measured<div style="display:inline-block;width:4.58px"> </div>at amortized cost </div><div id="a150927" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.057px;top:27.9px;">Total </div><div id="a150929" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:376.524px;top:27.9px;">Stage 1 </div><div id="a150931" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.484px;top:27.9px;">Stage 2 </div><div id="a150933" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:466.444px;top:27.9px;">Stage 3 </div><div id="a150936" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.11px;top:27.9px;">Total </div><div id="a150938" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:560.617px;top:27.9px;">Stage 1 </div><div id="a150940" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:605.564px;top:27.9px;">Stage 2 </div><div id="a150942" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:650.497px;top:27.9px;">Stage 3 </div><div id="a150944" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:41.6px;">Cash and balances at central banks </div><div id="a150947_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:41.6px;">169,445</div><div id="a150950_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.737px;top:41.6px;">169,402</div><div id="a150953_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:439.457px;top:41.6px;">44</div><div id="a150956_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.137px;top:41.6px;">0</div><div id="a150960_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:528.417px;top:41.6px;display:flex;">(12)</div><div id="a150963_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.31px;top:41.6px;">0</div><div id="a150966_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:618.337px;top:41.6px;display:flex;">(12)</div><div id="a150969_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:41.6px;">0</div><div id="a150972" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:55.8px;">Loans and advances to banks </div><div id="a150975_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:55.8px;">14,671</div><div id="a150978_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:55.8px;">14,670</div><div id="a150981_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:55.8px;">1</div><div id="a150984_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.137px;top:55.8px;">0</div><div id="a150988_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.15px;top:55.8px;display:flex;">(6)</div><div id="a150991_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.11px;top:55.8px;display:flex;">(5)</div><div id="a150994_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.07px;top:55.8px;display:flex;">(1)</div><div id="a150997_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:55.8px;">0</div><div id="a151000" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:70.5px;">Receivables from securities financing transactions<div style="display:inline-block;width:4.01px"> </div>measured at amortized cost </div><div id="a151003_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:70.5px;">67,814</div><div id="a151006_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:70.5px;">67,814</div><div id="a151009_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:70.5px;">0</div><div id="a151012_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.137px;top:70.5px;">0</div><div id="a151016_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.15px;top:70.5px;display:flex;">(2)</div><div id="a151019_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.11px;top:70.5px;display:flex;">(2)</div><div id="a151022_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.27px;top:70.5px;">0</div><div id="a151025_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:70.5px;">0</div><div id="a151028" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:84.7px;">Cash collateral receivables on derivative<div style="display:inline-block;width:3.86px"> </div>instruments </div><div id="a151031_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:84.7px;">35,033</div><div id="a151034_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:84.7px;">35,033</div><div id="a151037_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:84.7px;">0</div><div id="a151040_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.137px;top:84.7px;">0</div><div id="a151044_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:538.35px;top:84.7px;">0</div><div id="a151047_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.31px;top:84.7px;">0</div><div id="a151050_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.27px;top:84.7px;">0</div><div id="a151053_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:84.7px;">0</div><div id="a151056" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:98.9px;">Loans and advances to customers </div><div id="a151059_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:98.9px;">390,027</div><div id="a151062_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.737px;top:98.9px;">372,903</div><div id="a151065_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:422.43px;top:98.9px;">15,587</div><div id="a151068_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:472.11px;top:98.9px;">1,538</div><div id="a151072_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.697px;top:98.9px;display:flex;">(783)</div><div id="a151075_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.657px;top:98.9px;display:flex;">(129)</div><div id="a151078_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.604px;top:98.9px;display:flex;">(180)</div><div id="a151081_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:98.9px;display:flex;">(474)</div><div id="a151084" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:113.1px;">of which: Private clients with mortgages </div><div id="a151088_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:327.79px;top:113.1px;">156,930</div><div id="a151091_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:372.737px;top:113.1px;">147,651</div><div id="a151094_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:427.164px;top:113.1px;">8,579</div><div id="a151097_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:479.204px;top:113.1px;">699</div><div id="a151101_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:523.697px;top:113.1px;display:flex;">(161)</div><div id="a151104_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:113.1px;display:flex;">(27)</div><div id="a151107_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.604px;top:113.1px;display:flex;">(107)</div><div id="a151110_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.297px;top:113.1px;display:flex;">(28)</div><div id="a151113" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:127.7px;">of which: Real estate financing </div><div id="a151116_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.51px;top:127.7px;">46,470</div><div id="a151119_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:377.47px;top:127.7px;">43,112</div><div id="a151122_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:427.164px;top:127.7px;">3,349</div><div id="a151125_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:127.7px;">9</div><div id="a151129_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:127.7px;display:flex;">(41)</div><div id="a151132_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:127.7px;display:flex;">(17)</div><div id="a151135_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:618.337px;top:127.7px;display:flex;">(23)</div><div id="a151138_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:127.7px;">0</div><div id="a151141" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:141.9px;">of which: Large corporate clients </div><div id="a151144_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.51px;top:141.9px;">12,226</div><div id="a151147_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:377.47px;top:141.9px;">10,733</div><div id="a151150_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:427.164px;top:141.9px;">1,189</div><div id="a151153_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:479.204px;top:141.9px;">303</div><div id="a151157_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:523.697px;top:141.9px;display:flex;">(130)</div><div id="a151160_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:141.9px;display:flex;">(24)</div><div id="a151163_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:618.337px;top:141.9px;display:flex;">(14)</div><div id="a151166_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.297px;top:141.9px;display:flex;">(92)</div><div id="a151169" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:156.1px;">of which: SME clients </div><div id="a151172_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.51px;top:156.1px;">13,903</div><div id="a151175_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:377.47px;top:156.1px;">12,211</div><div id="a151178_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:427.164px;top:156.1px;">1,342</div><div id="a151181_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:479.204px;top:156.1px;">351</div><div id="a151185_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:523.697px;top:156.1px;display:flex;">(251)</div><div id="a151188_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:156.1px;display:flex;">(26)</div><div id="a151191_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:618.337px;top:156.1px;display:flex;">(22)</div><div id="a151194_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:658.564px;top:156.1px;display:flex;">(203)</div><div id="a151197" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:170.8px;">of which: Lombard </div><div id="a151200_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:327.79px;top:170.8px;">132,287</div><div id="a151203_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:372.737px;top:170.8px;">132,196</div><div id="a151206_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.217px;top:170.8px;">0</div><div id="a151209_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:484.417px;top:170.8px;">91</div><div id="a151213_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:170.8px;display:flex;">(26)</div><div id="a151216_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:170.8px;display:flex;">(9)</div><div id="a151219_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:170.8px;">0</div><div id="a151222_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.297px;top:170.8px;display:flex;">(17)</div><div id="a151225" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:185px;">of which: Credit cards </div><div id="a151228_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:185px;">1,834</div><div id="a151231_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:185px;">1,420</div><div id="a151234_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:185px;">382</div><div id="a151237_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:484.417px;top:185px;">31</div><div id="a151241_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:185px;display:flex;">(36)</div><div id="a151244_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:185px;display:flex;">(7)</div><div id="a151247_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:618.337px;top:185px;display:flex;">(10)</div><div id="a151250_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.297px;top:185px;display:flex;">(19)</div><div id="a151253" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:199.2px;">of which: Commodity trade finance </div><div id="a151257_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:199.2px;">3,272</div><div id="a151260_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:199.2px;">3,261</div><div id="a151263_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.217px;top:199.2px;">0</div><div id="a151266_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:484.417px;top:199.2px;">11</div><div id="a151270_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:199.2px;display:flex;">(96)</div><div id="a151273_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:199.2px;display:flex;">(6)</div><div id="a151276_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:199.2px;">0</div><div id="a151279_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.297px;top:199.2px;display:flex;">(90)</div><div id="a151282" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:213.9px;">Other financial assets measured at amortized cost </div><div id="a151285_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:213.9px;">53,389</div><div id="a151288_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:213.9px;">52,829</div><div id="a151291_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:434.257px;top:213.9px;">413</div><div id="a151294_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:479.204px;top:213.9px;">147</div><div id="a151298_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:528.417px;top:213.9px;display:flex;">(86)</div><div id="a151301_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.377px;top:213.9px;display:flex;">(17)</div><div id="a151304_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.07px;top:213.9px;display:flex;">(6)</div><div id="a151307_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:213.9px;display:flex;">(63)</div><div id="a151310" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:228px;">of which: Loans to financial advisors </div><div id="a151313_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:228px;">2,611</div><div id="a151316_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:228px;">2,357</div><div id="a151319_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:228px;">128</div><div id="a151322_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:479.204px;top:228px;">126</div><div id="a151326_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:228px;display:flex;">(59)</div><div id="a151329_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:228px;display:flex;">(7)</div><div id="a151332_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:228px;display:flex;">(2)</div><div id="a151335_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.297px;top:228px;display:flex;">(51)</div><div id="a151338" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:241.8px;">Total financial assets<div style="display:inline-block;width:3.87px"> </div>measured at amortized cost </div><div id="a151342_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:327.79px;top:241.8px;">730,379</div><div id="a151345_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:372.737px;top:241.8px;">712,651</div><div id="a151348_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:422.43px;top:241.8px;">16,044</div><div id="a151351_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:472.11px;top:241.8px;">1,685</div><div id="a151355_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:523.697px;top:241.8px;display:flex;">(890)</div><div id="a151358_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:568.657px;top:241.8px;display:flex;">(154)</div><div id="a151361_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.604px;top:241.8px;display:flex;">(199)</div><div id="a151364_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:658.564px;top:241.8px;display:flex;">(537)</div><div id="a151367" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:255.9px;">Financial assets measured at<div style="display:inline-block;width:3.79px"> </div>fair value through other comprehensive<div style="display:inline-block;width:3.79px"> </div>income </div><div id="a151370_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.27px;top:255.9px;">2,239</div><div id="a151373_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:382.204px;top:255.9px;">2,239</div><div id="a151376_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:444.217px;top:255.9px;">0</div><div id="a151379_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:489.137px;top:255.9px;">0</div><div id="a151383_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:538.35px;top:255.9px;">0</div><div id="a151386_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.31px;top:255.9px;">0</div><div id="a151389_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:628.27px;top:255.9px;">0</div><div id="a151392_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:673.23px;top:255.9px;">0</div><div id="a151395" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:269.7px;">Total on-balance<div style="display:inline-block;width:3.77px"> </div>sheet financial assets within the scope of<div style="display:inline-block;width:3.78px"> </div>ECL requirements </div><div id="a151401_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:327.79px;top:269.7px;">732,618</div><div id="a151404_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:372.737px;top:269.7px;">714,889</div><div id="a151407_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:422.43px;top:269.7px;">16,044</div><div id="a151410_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:472.11px;top:269.7px;">1,685</div><div id="a151414_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:523.697px;top:269.7px;display:flex;">(890)</div><div id="a151417_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:568.657px;top:269.7px;display:flex;">(154)</div><div id="a151420_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.604px;top:269.7px;display:flex;">(199)</div><div id="a151423_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:658.564px;top:269.7px;display:flex;">(537)</div><div id="a151439" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:379.83px;top:296.2px;">Total exposure </div><div id="a151442" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:564.39px;top:296.2px;">ECL provisions </div><div id="a151444" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:3.181px;top:310.2px;">Off-balance sheet (within the<div style="display:inline-block;width:4.18px"> </div>scope of ECL) </div><div id="a151450" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.057px;top:309.9px;">Total </div><div id="a151452" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:376.524px;top:309.9px;">Stage 1 </div><div id="a151454" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.484px;top:309.9px;">Stage 2 </div><div id="a151456" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:466.444px;top:309.9px;">Stage 3 </div><div id="a151459" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.11px;top:309.9px;">Total </div><div id="a151461" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:560.617px;top:309.9px;">Stage 1 </div><div id="a151463" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:605.564px;top:309.9px;">Stage 2 </div><div id="a151465" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:650.497px;top:309.9px;">Stage 3 </div><div id="a151467" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:323.6px;">Guarantees </div><div id="a151470_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:323.6px;">22,167</div><div id="a151473_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:323.6px;">19,805</div><div id="a151476_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:427.164px;top:323.6px;">2,254</div><div id="a151479_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:479.204px;top:323.6px;">108</div><div id="a151483_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:528.417px;top:323.6px;display:flex;">(48)</div><div id="a151486_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.377px;top:323.6px;display:flex;">(13)</div><div id="a151489_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.07px;top:323.6px;display:flex;">(9)</div><div id="a151492_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:323.6px;display:flex;">(26)</div><div id="a151495" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:338.3px;">of which: Large corporate clients </div><div id="a151498_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:338.3px;">3,663</div><div id="a151501_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:338.3px;">2,883</div><div id="a151504_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:338.3px;">721</div><div id="a151507_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:484.417px;top:338.3px;">58</div><div id="a151511_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:338.3px;display:flex;">(26)</div><div id="a151514_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:338.3px;display:flex;">(2)</div><div id="a151517_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:338.3px;display:flex;">(3)</div><div id="a151520_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.297px;top:338.3px;display:flex;">(21)</div><div id="a151523" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:352.5px;">of which: SME clients </div><div id="a151526_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:352.5px;">1,337</div><div id="a151529_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:352.5px;">1,124</div><div id="a151532_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:352.5px;">164</div><div id="a151535_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:484.417px;top:352.5px;">49</div><div id="a151539_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:352.5px;display:flex;">(5)</div><div id="a151542_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:352.5px;display:flex;">(1)</div><div id="a151545_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:352.5px;display:flex;">(1)</div><div id="a151548_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.03px;top:352.5px;display:flex;">(3)</div><div id="a151551" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:366.7px;">of which: Financial intermediaries and hedge funds<div style="display:inline-block;width:3.82px"> </div></div><div id="a151554_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.51px;top:366.7px;">11,833</div><div id="a151557_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:377.47px;top:366.7px;">10,513</div><div id="a151560_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:427.164px;top:366.7px;">1,320</div><div id="a151563_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:366.7px;">0</div><div id="a151567_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:366.7px;display:flex;">(12)</div><div id="a151570_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:366.7px;display:flex;">(8)</div><div id="a151573_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:366.7px;display:flex;">(4)</div><div id="a151576_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:366.7px;">0</div><div id="a151579" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:381.3px;">of which: Lombard </div><div id="a151582_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:381.3px;">2,376</div><div id="a151585_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:381.3px;">2,376</div><div id="a151588_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.217px;top:381.3px;">0</div><div id="a151591_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:381.3px;">1</div><div id="a151595_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:381.3px;display:flex;">(1)</div><div id="a151598_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:381.3px;">0</div><div id="a151601_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:381.3px;">0</div><div id="a151604_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.03px;top:381.3px;display:flex;">(1)</div><div id="a151607" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:395.5px;">of which: Commodity trade finance </div><div id="a151611_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:395.5px;">2,121</div><div id="a151614_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:395.5px;">2,121</div><div id="a151617_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.217px;top:395.5px;">0</div><div id="a151620_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:395.5px;">0</div><div id="a151624_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:395.5px;display:flex;">(1)</div><div id="a151627_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:395.5px;display:flex;">(1)</div><div id="a151630_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:395.5px;">0</div><div id="a151633_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:395.5px;">0</div><div id="a151636" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:409.7px;">Irrevocable loan commitments </div><div id="a151639_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:409.7px;">39,996</div><div id="a151642_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:409.7px;">37,531</div><div id="a151645_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:427.164px;top:409.7px;">2,341</div><div id="a151648_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:479.204px;top:409.7px;">124</div><div id="a151652_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.697px;top:409.7px;display:flex;">(111)</div><div id="a151655_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.377px;top:409.7px;display:flex;">(59)</div><div id="a151658_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:618.337px;top:409.7px;display:flex;">(52)</div><div id="a151661_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:409.7px;">0</div><div id="a151664" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:423.9px;">of which: Large corporate clients </div><div id="a151667_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.51px;top:423.9px;">23,611</div><div id="a151670_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:377.47px;top:423.9px;">21,488</div><div id="a151673_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:427.164px;top:423.9px;">2,024</div><div id="a151676_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:484.417px;top:423.9px;">99</div><div id="a151680_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:423.9px;display:flex;">(93)</div><div id="a151683_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:423.9px;display:flex;">(49)</div><div id="a151686_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:618.337px;top:423.9px;display:flex;">(45)</div><div id="a151689_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:423.9px;">0</div><div id="a151692" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:438.6px;">Forward starting reverse repurchase<div style="display:inline-block;width:3.94px"> </div>and securities borrowing agreements </div><div id="a151696_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:337.27px;top:438.6px;">3,801</div><div id="a151699_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:382.204px;top:438.6px;">3,801</div><div id="a151702_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:438.6px;">0</div><div id="a151705_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.137px;top:438.6px;">0</div><div id="a151709_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:538.35px;top:438.6px;">0</div><div id="a151712_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.31px;top:438.6px;">0</div><div id="a151715_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.27px;top:438.6px;">0</div><div id="a151718_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:438.6px;">0</div><div id="a151721" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:452.8px;">Committed unconditionally revocable credit lines </div><div id="a151724_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:452.8px;">43,677</div><div id="a151727_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:452.8px;">41,809</div><div id="a151730_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:427.164px;top:452.8px;">1,833</div><div id="a151733_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:484.417px;top:452.8px;">36</div><div id="a151737_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:528.417px;top:452.8px;display:flex;">(40)</div><div id="a151740_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.377px;top:452.8px;display:flex;">(32)</div><div id="a151743_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.07px;top:452.8px;display:flex;">(8)</div><div id="a151746_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:452.8px;">0</div><div id="a151749" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:466.9px;">of which: Real estate financing </div><div id="a151752_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:466.9px;">8,711</div><div id="a151755_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:466.9px;">8,528</div><div id="a151758_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:466.9px;">183</div><div id="a151761_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:466.9px;">0</div><div id="a151765_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:466.9px;display:flex;">(6)</div><div id="a151768_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:466.9px;display:flex;">(6)</div><div id="a151771_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:466.9px;">0</div><div id="a151774_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:466.9px;">0</div><div id="a151777" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:481.6px;">of which: Large corporate clients </div><div id="a151780_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:481.6px;">4,578</div><div id="a151783_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:481.6px;">4,304</div><div id="a151786_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:481.6px;">268</div><div id="a151789_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:481.6px;">5</div><div id="a151793_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:481.6px;display:flex;">(4)</div><div id="a151796_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:481.6px;display:flex;">(1)</div><div id="a151799_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:481.6px;display:flex;">(2)</div><div id="a151802_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:481.6px;">0</div><div id="a151805" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:495.8px;">of which: SME clients </div><div id="a151808_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:495.8px;">4,723</div><div id="a151811_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:495.8px;">4,442</div><div id="a151814_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:495.8px;">256</div><div id="a151817_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:484.417px;top:495.8px;">26</div><div id="a151821_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:495.8px;display:flex;">(19)</div><div id="a151824_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:495.8px;display:flex;">(16)</div><div id="a151827_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:495.8px;display:flex;">(3)</div><div id="a151830_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:495.8px;">0</div><div id="a151833" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:510px;">of which: Lombard </div><div id="a151836_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:510px;">7,855</div><div id="a151839_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:510px;">7,854</div><div id="a151842_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.217px;top:510px;">0</div><div id="a151845_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:510px;">1</div><div id="a151849_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:538.35px;top:510px;">0</div><div id="a151852_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:510px;">0</div><div id="a151855_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:510px;">0</div><div id="a151858_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:510px;">0</div><div id="a151861" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:524.7px;">of which: Credit cards </div><div id="a151864_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:524.7px;">9,390</div><div id="a151867_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:524.7px;">8,900</div><div id="a151870_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:524.7px;">487</div><div id="a151873_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:524.7px;">3</div><div id="a151877_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:524.7px;display:flex;">(7)</div><div id="a151880_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:524.7px;display:flex;">(5)</div><div id="a151883_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:524.7px;display:flex;">(2)</div><div id="a151886_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:524.7px;">0</div><div id="a151889" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:538.9px;">of which: Commodity trade finance </div><div id="a151892_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.364px;top:538.9px;">327</div><div id="a151895_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:389.324px;top:538.9px;">327</div><div id="a151898_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.217px;top:538.9px;">0</div><div id="a151901_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:538.9px;">0</div><div id="a151905_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:538.35px;top:538.9px;">0</div><div id="a151908_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:538.9px;">0</div><div id="a151911_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:538.9px;">0</div><div id="a151914_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:538.9px;">0</div><div id="a151917" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:553.1px;">Irrevocable committed prolongation of existing loans </div><div id="a151920_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:337.27px;top:553.1px;">4,696</div><div id="a151923_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:382.204px;top:553.1px;">4,600</div><div id="a151926_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:439.457px;top:553.1px;">94</div><div id="a151929_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.137px;top:553.1px;">2</div><div id="a151933_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.15px;top:553.1px;display:flex;">(2)</div><div id="a151936_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.11px;top:553.1px;display:flex;">(2)</div><div id="a151939_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.27px;top:553.1px;">0</div><div id="a151942_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:553.1px;">0</div><div id="a151945" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:566.8px;">Total off-balance sheet<div style="display:inline-block;width:3.78px"> </div>financial instruments and credit lines </div><div id="a151950_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:327.79px;top:566.8px;">114,337</div><div id="a151953_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:372.737px;top:566.8px;">107,545</div><div id="a151956_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:427.164px;top:566.8px;">6,522</div><div id="a151959_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:479.204px;top:566.8px;">270</div><div id="a151963_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:523.697px;top:566.8px;display:flex;">(201)</div><div id="a151966_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:568.657px;top:566.8px;display:flex;">(106)</div><div id="a151969_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:618.817px;top:566.8px;display:flex;">(69)</div><div id="a151972_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:663.764px;top:566.8px;display:flex;">(26)</div><div id="a151975" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:581px;">Total allowances and<div style="display:inline-block;width:3.73px"> </div>provisions </div><div id="a151983_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.604px;top:581px;display:flex;">(1,091)</div><div id="a151986_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:568.657px;top:581px;display:flex;">(260)</div><div id="a151989_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.604px;top:581px;display:flex;">(267)</div><div id="a151992_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:658.564px;top:581px;display:flex;">(564)</div><div id="a151995" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:595.5px;">1 The carrying amount<div style="display:inline-block;width:3.5px"> </div>of financial assets measured<div style="display:inline-block;width:3.64px"> </div>at amortized cost represents<div style="display:inline-block;width:3.47px"> </div>the total gross exposure<div style="display:inline-block;width:3.77px"> </div>net of the respective ECL<div style="display:inline-block;width:3.54px"> </div>allowances.</div></div></div></div> 169445000000 169402000000 44000000 0 -12000000 0 -12000000 0 14671000000 14670000000 1000000 0 -6000000 -5000000 -1000000 0 67814000000 67814000000 0 0 -2000000 -2000000 0 0 35033000000 35033000000 0 0 0 0 0 0 390027000000 372903000000 15587000000 1538000000 -783000000 -129000000 -180000000 -474000000 156930000000 147651000000 8579000000 699000000 -161000000 -27000000 -107000000 -28000000 46470000000 43112000000 3349000000 9000000 -41000000 -17000000 -23000000 0 12226000000 10733000000 1189000000 303000000 -130000000 -24000000 -14000000 -92000000 13903000000 12211000000 1342000000 351000000 -251000000 -26000000 -22000000 -203000000 132287000000 132196000000 0 91000000 -26000000 -9000000 0 -17000000 1834000000 1420000000 382000000 31000000 -36000000 -7000000 -10000000 -19000000 3272000000 3261000000 0 11000000 -96000000 -6000000 0 -90000000 53389000000 52829000000 413000000 147000000 -86000000 -17000000 -6000000 -63000000 2611000000 2357000000 128000000 126000000 -59000000 -7000000 -2000000 -51000000 730379000000 712651000000 16044000000 1685000000 -890000000 -154000000 -199000000 -537000000 2239000000 2239000000 0 0 0 0 0 0 732618000000 714889000000 16044000000 1685000000 -890000000 -154000000 -199000000 -537000000 22167000000 19805000000 2254000000 108000000 48000000 13000000 9000000 26000000 3663000000 2883000000 721000000 58000000 26000000 2000000 3000000 21000000 1337000000 1124000000 164000000 49000000 5000000 1000000 1000000 3000000 11833000000 10513000000 1320000000 0 12000000 8000000 4000000 0 2376000000 2376000000 0 1000000 1000000 0 0 1000000 2121000000 2121000000 0 0 1000000 1000000 0 0 39996000000 37531000000 2341000000 124000000 111000000 59000000 52000000 0 23611000000 21488000000 2024000000 99000000 93000000 49000000 45000000 0 3801000000 3801000000 0 0 0 0 0 0 43677000000 41809000000 1833000000 36000000 40000000 32000000 8000000 0 8711000000 8528000000 183000000 0 6000000 6000000 0 0 4578000000 4304000000 268000000 5000000 4000000 1000000 2000000 0 4723000000 4442000000 256000000 26000000 19000000 16000000 3000000 0 7855000000 7854000000 0 1000000 0 0 0 0 9390000000 8900000000 487000000 3000000 7000000 5000000 2000000 0 327000000 327000000 0 0 0 0 0 0 4696000000 4600000000 94000000 2000000 2000000 2000000 0 0 114337000000 107545000000 6522000000 270000000 201000000 106000000 69000000 26000000 -1091000000 -260000000 -267000000 -564000000 <div id="TextBlockContainer1178" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:604px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1176_XBRL_TS_3df506c201794891a271b014c5ceb146" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1177" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:604px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a152034" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a152037" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.577px;top:0px;">31.12.21 </div><div id="a152041" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:374.63px;top:14.2px;">Carrying amount</div><div id="a152042" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:435.204px;top:14.8px;">1</div><div id="a152045" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.497px;top:14.2px;">ECL allowances </div><div id="a152047" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.181px;top:27.8px;">Financial instruments measured<div style="display:inline-block;width:4.58px"> </div>at amortized cost </div><div id="a152050" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:341.057px;top:27.9px;">Total </div><div id="a152052" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:376.524px;top:27.9px;">Stage 1 </div><div id="a152054" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.484px;top:27.9px;">Stage 2 </div><div id="a152056" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:466.444px;top:27.9px;">Stage 3 </div><div id="a152059" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.11px;top:27.9px;">Total </div><div id="a152061" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.617px;top:27.9px;">Stage 1 </div><div id="a152063" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.564px;top:27.9px;">Stage 2 </div><div id="a152065" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:650.497px;top:27.9px;">Stage 3 </div><div id="a152067" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:41.6px;">Cash and balances at central banks </div><div id="a152070_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:41.6px;">192,817</div><div id="a152073_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.737px;top:41.6px;">192,817</div><div id="a152076_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:41.6px;">0</div><div id="a152079_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.137px;top:41.6px;">0</div><div id="a152083_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:538.35px;top:41.6px;">0</div><div id="a152086_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.31px;top:41.6px;">0</div><div id="a152089_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.27px;top:41.6px;">0</div><div id="a152092_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:41.6px;">0</div><div id="a152095" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:55.8px;">Loans and advances to banks </div><div id="a152098_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:55.8px;">15,360</div><div id="a152101_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:55.8px;">15,333</div><div id="a152104_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:439.457px;top:55.8px;">26</div><div id="a152107_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.137px;top:55.8px;">1</div><div id="a152111_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.15px;top:55.8px;display:flex;">(8)</div><div id="a152114_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.11px;top:55.8px;display:flex;">(7)</div><div id="a152117_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.07px;top:55.8px;display:flex;">(1)</div><div id="a152120_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:55.8px;">0</div><div id="a152123" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:70px;">Receivables from securities financing transactions<div style="display:inline-block;width:4.01px"> </div>measured at amortized cost </div><div id="a152127_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:70px;">75,012</div><div id="a152130_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:70px;">75,012</div><div id="a152133_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:70px;">0</div><div id="a152136_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.137px;top:70px;">0</div><div id="a152140_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.15px;top:70px;display:flex;">(2)</div><div id="a152143_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.11px;top:70px;display:flex;">(2)</div><div id="a152146_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.27px;top:70px;">0</div><div id="a152149_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:70px;">0</div><div id="a152152" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:84.7px;">Cash collateral receivables on derivative<div style="display:inline-block;width:3.86px"> </div>instruments </div><div id="a152155_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:84.7px;">30,514</div><div id="a152158_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:84.7px;">30,514</div><div id="a152161_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:84.7px;">0</div><div id="a152164_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.137px;top:84.7px;">0</div><div id="a152168_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:538.35px;top:84.7px;">0</div><div id="a152171_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.31px;top:84.7px;">0</div><div id="a152174_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.27px;top:84.7px;">0</div><div id="a152177_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:84.7px;">0</div><div id="a152180" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:98.9px;">Loans and advances to customers </div><div id="a152183_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:98.9px;">398,693</div><div id="a152186_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.737px;top:98.9px;">381,496</div><div id="a152189_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:422.43px;top:98.9px;">15,620</div><div id="a152192_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:472.11px;top:98.9px;">1,577</div><div id="a152196_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.697px;top:98.9px;display:flex;">(850)</div><div id="a152199_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.657px;top:98.9px;display:flex;">(126)</div><div id="a152202_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.604px;top:98.9px;display:flex;">(152)</div><div id="a152205_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:98.9px;display:flex;">(572)</div><div id="a152208" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:113.1px;">of which: Private clients with mortgages </div><div id="a152211_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:327.79px;top:113.1px;">152,479</div><div id="a152214_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:372.737px;top:113.1px;">143,505</div><div id="a152217_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:427.164px;top:113.1px;">8,262</div><div id="a152220_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:479.204px;top:113.1px;">711</div><div id="a152224_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:523.697px;top:113.1px;display:flex;">(132)</div><div id="a152227_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:113.1px;display:flex;">(28)</div><div id="a152230_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:618.337px;top:113.1px;display:flex;">(71)</div><div id="a152233_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.297px;top:113.1px;display:flex;">(33)</div><div id="a152236" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:127.7px;">of which: Real estate financing </div><div id="a152239_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.51px;top:127.7px;">43,945</div><div id="a152242_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:377.47px;top:127.7px;">40,463</div><div id="a152245_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:427.164px;top:127.7px;">3,472</div><div id="a152248_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:127.7px;">9</div><div id="a152252_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:127.7px;display:flex;">(60)</div><div id="a152255_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:127.7px;display:flex;">(19)</div><div id="a152258_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:618.337px;top:127.7px;display:flex;">(40)</div><div id="a152261_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:127.7px;">0</div><div id="a152264" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:141.9px;">of which: Large corporate clients </div><div id="a152268_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.51px;top:141.9px;">13,990</div><div id="a152271_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:377.47px;top:141.9px;">12,643</div><div id="a152274_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:427.164px;top:141.9px;">1,037</div><div id="a152277_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:479.204px;top:141.9px;">310</div><div id="a152281_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:523.697px;top:141.9px;display:flex;">(170)</div><div id="a152284_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:141.9px;display:flex;">(22)</div><div id="a152287_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:618.337px;top:141.9px;display:flex;">(16)</div><div id="a152290_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:658.564px;top:141.9px;display:flex;">(133)</div><div id="a152293" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:156.1px;">of which: SME clients </div><div id="a152296_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.51px;top:156.1px;">14,004</div><div id="a152299_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:377.47px;top:156.1px;">12,076</div><div id="a152302_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:427.164px;top:156.1px;">1,492</div><div id="a152305_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:479.204px;top:156.1px;">436</div><div id="a152309_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:523.697px;top:156.1px;display:flex;">(259)</div><div id="a152312_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:156.1px;display:flex;">(19)</div><div id="a152315_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:618.337px;top:156.1px;display:flex;">(15)</div><div id="a152318_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:658.564px;top:156.1px;display:flex;">(225)</div><div id="a152321" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:170.8px;">of which: Lombard </div><div id="a152324_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:327.79px;top:170.8px;">149,283</div><div id="a152327_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:372.737px;top:170.8px;">149,255</div><div id="a152330_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.217px;top:170.8px;">0</div><div id="a152333_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:484.417px;top:170.8px;">27</div><div id="a152337_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:170.8px;display:flex;">(33)</div><div id="a152340_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:170.8px;display:flex;">(6)</div><div id="a152343_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:170.8px;">0</div><div id="a152346_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.297px;top:170.8px;display:flex;">(28)</div><div id="a152349" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:185px;">of which: Credit cards </div><div id="a152352_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:185px;">1,716</div><div id="a152355_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:185px;">1,345</div><div id="a152358_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:185px;">342</div><div id="a152361_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:484.417px;top:185px;">29</div><div id="a152365_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:185px;display:flex;">(36)</div><div id="a152368_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:185px;display:flex;">(10)</div><div id="a152371_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:185px;display:flex;">(9)</div><div id="a152374_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.297px;top:185px;display:flex;">(17)</div><div id="a152377" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:199.2px;">of which: Commodity trade finance </div><div id="a152380_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:199.2px;">3,813</div><div id="a152383_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:199.2px;">3,799</div><div id="a152386_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.217px;top:199.2px;">7</div><div id="a152389_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:199.2px;">7</div><div id="a152393_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:523.697px;top:199.2px;display:flex;">(114)</div><div id="a152396_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:199.2px;display:flex;">(6)</div><div id="a152399_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:199.2px;">0</div><div id="a152402_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:658.564px;top:199.2px;display:flex;">(108)</div><div id="a152405" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:213.4px;">Other financial assets measured at amortized cost </div><div id="a152408_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:213.4px;">26,236</div><div id="a152411_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:213.4px;">25,746</div><div id="a152414_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:434.257px;top:213.4px;">302</div><div id="a152417_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:479.204px;top:213.4px;">189</div><div id="a152421_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.697px;top:213.4px;display:flex;">(109)</div><div id="a152424_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.377px;top:213.4px;display:flex;">(27)</div><div id="a152427_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.07px;top:213.4px;display:flex;">(7)</div><div id="a152430_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:213.4px;display:flex;">(76)</div><div id="a152433" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:228px;">of which: Loans to financial advisors </div><div id="a152437_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:228px;">2,453</div><div id="a152440_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:228px;">2,184</div><div id="a152443_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:228px;">106</div><div id="a152446_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:479.204px;top:228px;">163</div><div id="a152450_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:228px;display:flex;">(86)</div><div id="a152453_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:228px;display:flex;">(19)</div><div id="a152456_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:228px;display:flex;">(3)</div><div id="a152459_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.297px;top:228px;display:flex;">(63)</div><div id="a152462" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:241.7px;">Total financial assets<div style="display:inline-block;width:3.87px"> </div>measured at amortized cost </div><div id="a152465_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:241.7px;">738,632</div><div id="a152468_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.737px;top:241.7px;">720,917</div><div id="a152471_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:422.43px;top:241.7px;">15,948</div><div id="a152474_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:472.11px;top:241.7px;">1,767</div><div id="a152478_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.697px;top:241.7px;display:flex;">(969)</div><div id="a152481_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.657px;top:241.7px;display:flex;">(161)</div><div id="a152484_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.604px;top:241.7px;display:flex;">(160)</div><div id="a152487_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:241.7px;display:flex;">(647)</div><div id="a152490" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:256px;">Financial assets measured at<div style="display:inline-block;width:3.79px"> </div>fair value through other comprehensive<div style="display:inline-block;width:3.89px"> </div>income </div><div id="a152494_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:337.27px;top:256px;">8,844</div><div id="a152497_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:382.204px;top:256px;">8,844</div><div id="a152500_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:256px;">0</div><div id="a152503_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.137px;top:256px;">0</div><div id="a152507_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:538.35px;top:256px;">0</div><div id="a152510_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.31px;top:256px;">0</div><div id="a152513_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.27px;top:256px;">0</div><div id="a152516_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:256px;">0</div><div id="a152519" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:269.7px;">Total on-balance<div style="display:inline-block;width:3.77px"> </div>sheet financial assets within the scope of<div style="display:inline-block;width:3.78px"> </div>ECL requirements </div><div id="a152524_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:269.7px;">747,477</div><div id="a152527_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.737px;top:269.7px;">729,762</div><div id="a152530_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:422.43px;top:269.7px;">15,948</div><div id="a152533_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:472.11px;top:269.7px;">1,767</div><div id="a152537_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.697px;top:269.7px;display:flex;">(969)</div><div id="a152540_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.657px;top:269.7px;display:flex;">(161)</div><div id="a152543_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.604px;top:269.7px;display:flex;">(160)</div><div id="a152546_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:269.7px;display:flex;">(647)</div><div id="a152562" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:296.2px;">Total exposure </div><div id="a152565" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.39px;top:296.2px;">ECL provisions </div><div id="a152567" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.181px;top:310.2px;">Off-balance sheet (within the<div style="display:inline-block;width:4.18px"> </div>scope of ECL) </div><div id="a152573" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:341.057px;top:309.9px;">Total </div><div id="a152575" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:376.524px;top:309.9px;">Stage 1 </div><div id="a152577" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.484px;top:309.9px;">Stage 2 </div><div id="a152579" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:466.444px;top:309.9px;">Stage 3 </div><div id="a152582" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.11px;top:309.9px;">Total </div><div id="a152584" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.617px;top:309.9px;">Stage 1 </div><div id="a152586" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.564px;top:309.9px;">Stage 2 </div><div id="a152588" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:650.497px;top:309.9px;">Stage 3 </div><div id="a152590" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:323.6px;">Guarantees </div><div id="a152593_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:323.6px;">20,972</div><div id="a152596_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:323.6px;">19,695</div><div id="a152599_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:427.164px;top:323.6px;">1,127</div><div id="a152602_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:479.204px;top:323.6px;">150</div><div id="a152606_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:528.417px;top:323.6px;display:flex;">(41)</div><div id="a152609_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.377px;top:323.6px;display:flex;">(18)</div><div id="a152612_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.07px;top:323.6px;display:flex;">(8)</div><div id="a152615_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:323.6px;display:flex;">(15)</div><div id="a152618" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:337.8px;">of which: Large corporate clients </div><div id="a152621_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:337.8px;">3,464</div><div id="a152624_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:337.8px;">2,567</div><div id="a152627_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:337.8px;">793</div><div id="a152630_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:479.204px;top:337.8px;">104</div><div id="a152634_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:337.8px;display:flex;">(6)</div><div id="a152637_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:337.8px;display:flex;">(3)</div><div id="a152640_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:337.8px;display:flex;">(3)</div><div id="a152643_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:337.8px;">0</div><div id="a152646" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:352.5px;">of which: SME clients </div><div id="a152649_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:352.5px;">1,353</div><div id="a152652_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:352.5px;">1,143</div><div id="a152655_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:352.5px;">164</div><div id="a152658_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:484.417px;top:352.5px;">46</div><div id="a152662_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:352.5px;display:flex;">(8)</div><div id="a152665_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:352.5px;display:flex;">(1)</div><div id="a152668_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:352.5px;display:flex;">(1)</div><div id="a152671_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.03px;top:352.5px;display:flex;">(7)</div><div id="a152674" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:366.7px;">of which: Financial intermediaries and hedge funds<div style="display:inline-block;width:3.82px"> </div></div><div id="a152677_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:366.7px;">9,575</div><div id="a152680_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:366.7px;">9,491</div><div id="a152683_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:439.457px;top:366.7px;">84</div><div id="a152686_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:366.7px;">0</div><div id="a152690_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:366.7px;display:flex;">(17)</div><div id="a152693_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:366.7px;display:flex;">(13)</div><div id="a152696_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:366.7px;display:flex;">(4)</div><div id="a152699_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:366.7px;">0</div><div id="a152702" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:380.8px;">of which: Lombard </div><div id="a152705_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:380.8px;">2,454</div><div id="a152708_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:380.8px;">2,454</div><div id="a152711_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.217px;top:380.8px;">0</div><div id="a152714_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:380.8px;">0</div><div id="a152718_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:380.8px;display:flex;">(1)</div><div id="a152721_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:380.8px;">0</div><div id="a152724_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:380.8px;">0</div><div id="a152727_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.03px;top:380.8px;display:flex;">(1)</div><div id="a152730" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:395.5px;">of which: Commodity trade finance </div><div id="a152734_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:395.5px;">3,137</div><div id="a152737_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:395.5px;">3,137</div><div id="a152740_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.217px;top:395.5px;">0</div><div id="a152743_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:395.5px;">0</div><div id="a152747_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:395.5px;display:flex;">(1)</div><div id="a152750_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:395.5px;display:flex;">(1)</div><div id="a152753_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:395.5px;">0</div><div id="a152756_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:395.5px;">0</div><div id="a152759" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:409.7px;">Irrevocable loan commitments </div><div id="a152762_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:409.7px;">39,478</div><div id="a152765_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:409.7px;">37,097</div><div id="a152768_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:427.164px;top:409.7px;">2,335</div><div id="a152771_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:484.417px;top:409.7px;">46</div><div id="a152775_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.697px;top:409.7px;display:flex;">(114)</div><div id="a152778_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.377px;top:409.7px;display:flex;">(72)</div><div id="a152781_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:618.337px;top:409.7px;display:flex;">(42)</div><div id="a152784_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:409.7px;">0</div><div id="a152787" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:423.9px;">of which: Large corporate clients </div><div id="a152790_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.51px;top:423.9px;">23,922</div><div id="a152793_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:377.47px;top:423.9px;">21,811</div><div id="a152796_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:427.164px;top:423.9px;">2,102</div><div id="a152799_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:423.9px;">9</div><div id="a152803_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:523.697px;top:423.9px;display:flex;">(100)</div><div id="a152806_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:423.9px;display:flex;">(66)</div><div id="a152809_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:618.337px;top:423.9px;display:flex;">(34)</div><div id="a152812_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:423.9px;">0</div><div id="a152815" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:438.6px;">Forward starting reverse repurchase<div style="display:inline-block;width:3.94px"> </div>and securities borrowing agreements </div><div id="a152819_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:337.27px;top:438.6px;">1,444</div><div id="a152822_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:382.204px;top:438.6px;">1,444</div><div id="a152825_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:438.6px;">0</div><div id="a152828_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:489.137px;top:438.6px;">0</div><div id="a152832_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:538.35px;top:438.6px;">0</div><div id="a152835_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.31px;top:438.6px;">0</div><div id="a152838_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.27px;top:438.6px;">0</div><div id="a152841_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:438.6px;">0</div><div id="a152844" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:452.8px;">Committed unconditionally revocable credit lines </div><div id="a152847_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:452.8px;">42,373</div><div id="a152850_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.47px;top:452.8px;">39,802</div><div id="a152853_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:427.164px;top:452.8px;">2,508</div><div id="a152856_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:484.417px;top:452.8px;">63</div><div id="a152860_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:528.417px;top:452.8px;display:flex;">(38)</div><div id="a152863_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.377px;top:452.8px;display:flex;">(28)</div><div id="a152866_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:618.337px;top:452.8px;display:flex;">(10)</div><div id="a152869_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:452.8px;">0</div><div id="a152872" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:466.9px;">of which: Real estate financing </div><div id="a152875_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:466.9px;">7,328</div><div id="a152878_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:466.9px;">7,046</div><div id="a152881_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:466.9px;">281</div><div id="a152884_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:466.9px;">0</div><div id="a152888_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:466.9px;display:flex;">(5)</div><div id="a152891_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:466.9px;display:flex;">(4)</div><div id="a152894_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:466.9px;display:flex;">(1)</div><div id="a152897_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:466.9px;">0</div><div id="a152900" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:481.6px;">of which: Large corporate clients </div><div id="a152903_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:481.6px;">5,358</div><div id="a152906_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:481.6px;">4,599</div><div id="a152909_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:481.6px;">736</div><div id="a152912_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:484.417px;top:481.6px;">23</div><div id="a152916_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:481.6px;display:flex;">(7)</div><div id="a152919_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:481.6px;display:flex;">(4)</div><div id="a152922_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:481.6px;display:flex;">(3)</div><div id="a152925_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:481.6px;">0</div><div id="a152928" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:495.8px;">of which: SME clients </div><div id="a152931_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:495.8px;">5,160</div><div id="a152934_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:495.8px;">4,736</div><div id="a152937_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:495.8px;">389</div><div id="a152940_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:484.417px;top:495.8px;">35</div><div id="a152944_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.417px;top:495.8px;display:flex;">(15)</div><div id="a152947_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.377px;top:495.8px;display:flex;">(11)</div><div id="a152950_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:495.8px;display:flex;">(3)</div><div id="a152953_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:495.8px;">0</div><div id="a152956" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:510px;">of which: Lombard </div><div id="a152959_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:510px;">8,670</div><div id="a152962_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:510px;">8,670</div><div id="a152965_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.217px;top:510px;">0</div><div id="a152968_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:510px;">0</div><div id="a152972_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:538.35px;top:510px;">0</div><div id="a152975_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:510px;">0</div><div id="a152978_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:510px;">0</div><div id="a152981_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:510px;">0</div><div id="a152984" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:524.2px;">of which: Credit cards </div><div id="a152987_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.27px;top:524.2px;">9,466</div><div id="a152990_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.204px;top:524.2px;">9,000</div><div id="a152993_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:434.257px;top:524.2px;">462</div><div id="a152996_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:524.2px;">4</div><div id="a153000_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.15px;top:524.2px;display:flex;">(6)</div><div id="a153003_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.11px;top:524.2px;display:flex;">(5)</div><div id="a153006_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.07px;top:524.2px;display:flex;">(2)</div><div id="a153009_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:524.2px;">0</div><div id="a153012" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:538.9px;">of which: Commodity trade finance </div><div id="a153015_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.364px;top:538.9px;">117</div><div id="a153018_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:389.324px;top:538.9px;">117</div><div id="a153021_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.217px;top:538.9px;">0</div><div id="a153024_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:489.137px;top:538.9px;">0</div><div id="a153028_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:538.35px;top:538.9px;">0</div><div id="a153031_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:583.31px;top:538.9px;">0</div><div id="a153034_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:628.27px;top:538.9px;">0</div><div id="a153037_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.23px;top:538.9px;">0</div><div id="a153040" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:553px;">Irrevocable committed prolongation of existing loans </div><div id="a153043_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:337.27px;top:553px;">5,611</div><div id="a153046_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:382.204px;top:553px;">5,527</div><div id="a153049_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:439.457px;top:553px;">36</div><div id="a153052_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:484.417px;top:553px;">48</div><div id="a153056_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.15px;top:553px;display:flex;">(3)</div><div id="a153059_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.11px;top:553px;display:flex;">(3)</div><div id="a153062_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.27px;top:553px;">0</div><div id="a153065_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:553px;">0</div><div id="a153068" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:566.8px;">Total off-balance sheet<div style="display:inline-block;width:3.78px"> </div>financial instruments and credit lines </div><div id="a153073_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:566.8px;">109,878</div><div id="a153076_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.737px;top:566.8px;">103,565</div><div id="a153079_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:427.164px;top:566.8px;">6,006</div><div id="a153082_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:479.204px;top:566.8px;">307</div><div id="a153086_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.697px;top:566.8px;display:flex;">(196)</div><div id="a153089_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.657px;top:566.8px;display:flex;">(121)</div><div id="a153092_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:618.817px;top:566.8px;display:flex;">(60)</div><div id="a153095_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:566.8px;display:flex;">(15)</div><div id="a153098" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:581px;">Total allowances and<div style="display:inline-block;width:3.73px"> </div>provisions </div><div id="a153106_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:516.604px;top:581px;display:flex;">(1,165)</div><div id="a153109_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.657px;top:581px;display:flex;">(282)</div><div id="a153112_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.604px;top:581px;display:flex;">(220)</div><div id="a153115_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:581px;display:flex;">(662)</div><div id="a153118" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:595.5px;">1 The carrying amount<div style="display:inline-block;width:3.5px"> </div>of financial assets measured<div style="display:inline-block;width:3.64px"> </div>at amortized cost represents<div style="display:inline-block;width:3.47px"> </div>the total gross exposure<div style="display:inline-block;width:3.77px"> </div>net of the respective ECL<div style="display:inline-block;width:3.54px"> </div>allowances.</div></div></div></div> 192817000000 192817000000 0 0 0 0 0 0 15360000000 15333000000 26000000 1000000 -8000000 -7000000 -1000000 0 75012000000 75012000000 0 0 -2000000 -2000000 0 0 30514000000 30514000000 0 0 0 0 0 0 398693000000 381496000000 15620000000 1577000000 -850000000 -126000000 -152000000 -572000000 152479000000 143505000000 8262000000 711000000 -132000000 -28000000 -71000000 -33000000 43945000000 40463000000 3472000000 9000000 -60000000 -19000000 -40000000 0 13990000000 12643000000 1037000000 310000000 -170000000 -22000000 -16000000 -133000000 14004000000 12076000000 1492000000 436000000 -259000000 -19000000 -15000000 -225000000 149283000000 149255000000 0 27000000 -33000000 -6000000 0 -28000000 1716000000 1345000000 342000000 29000000 -36000000 -10000000 -9000000 -17000000 3813000000 3799000000 7000000 7000000 -114000000 -6000000 0 -108000000 26236000000 25746000000 302000000 189000000 -109000000 -27000000 -7000000 -76000000 2453000000 2184000000 106000000 163000000 -86000000 -19000000 -3000000 -63000000 738632000000 720917000000 15948000000 1767000000 -969000000 -161000000 -160000000 -647000000 8844000000 8844000000 0 0 0 0 0 0 747477000000 729762000000 15948000000 1767000000 -969000000 -161000000 -160000000 -647000000 20972000000 19695000000 1127000000 150000000 41000000 18000000 8000000 15000000 3464000000 2567000000 793000000 104000000 6000000 3000000 3000000 0 1353000000 1143000000 164000000 46000000 8000000 1000000 1000000 7000000 9575000000 9491000000 84000000 0 17000000 13000000 4000000 0 2454000000 2454000000 0 0 1000000 0 0 1000000 3137000000 3137000000 0 0 1000000 1000000 0 0 39478000000 37097000000 2335000000 46000000 114000000 72000000 42000000 0 23922000000 21811000000 2102000000 9000000 100000000 66000000 34000000 0 1444000000 1444000000 0 0 0 0 0 0 42373000000 39802000000 2508000000 63000000 38000000 28000000 10000000 0 7328000000 7046000000 281000000 0 5000000 4000000 1000000 0 5358000000 4599000000 736000000 23000000 7000000 4000000 3000000 0 5160000000 4736000000 389000000 35000000 15000000 11000000 3000000 0 8670000000 8670000000 0 0 0 0 0 0 9466000000 9000000000 462000000 4000000 6000000 5000000 2000000 0 117000000 117000000 0 0 0 0 0 0 5611000000 5527000000 36000000 48000000 3000000 3000000 0 0 109878000000 103565000000 6006000000 307000000 196000000 121000000 60000000 15000000 -1165000000 -282000000 -220000000 -662000000 0.0021 -0.0001 0.0010 -0.02 <div id="TextBlockContainer1184" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#9A3D37;line-height:normal;width:693px;height:485px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1182_XBRL_TS_3679dce139bd4e1d86247014400e0a6b" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1183" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#9A3D37;line-height:normal;width:693px;height:485px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a153327" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:453.204px;top:0px;">31.12.22 </div><div id="a153331" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:291.844px;top:13.7px;">Gross carrying amount (USD<div style="display:inline-block;width:3.82px"> </div>m) </div><div id="a153334" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.99px;top:13.7px;">ECL coverage (bps) </div><div id="a153336" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:27.9px;">On-balance sheet </div><div id="a153341" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:282.83px;top:27.9px;">Total </div><div id="a153343" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:325.417px;top:27.9px;">Stage 1 </div><div id="a153345" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.324px;top:27.9px;">Stage 2 </div><div id="a153347" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:417.697px;top:27.9px;">Stage 3 </div><div id="a153350" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.844px;top:27.9px;">Total </div><div id="a153352" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.764px;top:27.9px;">Stage 1 </div><div id="a153354" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.67px;top:27.9px;">Stage 2 </div><div id="a153356" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.79px;top:27.9px;">Stage 1&amp;2 </div><div id="a153358" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:27.9px;">Stage 3 </div><div id="a153360" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:40.7px;">Private clients with mortgages </div><div id="a153363_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:269.59px;top:40.7px;">157,091</div><div id="a153366_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:321.63px;top:40.7px;">147,678</div><div id="a153369_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:40.7px;">8,686</div><div id="a153372_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:430.47px;top:40.7px;">727</div><div id="a153376_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:485.35px;top:40.7px;">10</div><div id="a153379_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:536.457px;top:40.7px;">2</div><div id="a153382_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:572.43px;top:40.7px;">123</div><div id="a153385_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:635.364px;top:40.7px;">9</div><div id="a153388_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:671.337px;top:40.7px;">381</div><div id="a153391" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:55.4px;">Real estate financing </div><div id="a153394_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:55.4px;">46,511</div><div id="a153397_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:55.4px;">43,129</div><div id="a153400_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:55.4px;">3,372</div><div id="a153403_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:440.404px;top:55.4px;">9</div><div id="a153407_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:490.084px;top:55.4px;">9</div><div id="a153410_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:536.457px;top:55.4px;">4</div><div id="a153413_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:577.63px;top:55.4px;">70</div><div id="a153416_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:635.364px;top:55.4px;">9</div><div id="a153419_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:671.337px;top:55.4px;">232</div><div id="a153422" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.166px;top:69.5px;">Total real estate lending </div><div id="a153425_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:269.59px;top:69.5px;">203,602</div><div id="a153428_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:321.63px;top:69.5px;">190,807</div><div id="a153431_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:372.27px;top:69.5px;">12,059</div><div id="a153434_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:430.47px;top:69.5px;">736</div><div id="a153438_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:485.35px;top:69.5px;">10</div><div id="a153441_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:536.457px;top:69.5px;">2</div><div id="a153444_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:572.43px;top:69.5px;">108</div><div id="a153447_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:635.364px;top:69.5px;">9</div><div id="a153450_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:671.337px;top:69.5px;">379</div><div id="a153453" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:83.7px;">Large corporate clients </div><div id="a153457_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:83.7px;">12,356</div><div id="a153460_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:83.7px;">10,757</div><div id="a153463_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:83.7px;">1,204</div><div id="a153466_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:430.47px;top:83.7px;">395</div><div id="a153470_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:480.15px;top:83.7px;">105</div><div id="a153473_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.737px;top:83.7px;">22</div><div id="a153476_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:572.43px;top:83.7px;">120</div><div id="a153479_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:630.63px;top:83.7px;">32</div><div id="a153482_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:664.244px;top:83.7px;">2,325</div><div id="a153485" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:98.4px;">SME clients </div><div id="a153488_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:98.4px;">14,154</div><div id="a153491_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:98.4px;">12,237</div><div id="a153494_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:98.4px;">1,364</div><div id="a153497_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:430.47px;top:98.4px;">553</div><div id="a153501_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:480.15px;top:98.4px;">177</div><div id="a153504_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.737px;top:98.4px;">22</div><div id="a153507_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:572.43px;top:98.4px;">161</div><div id="a153510_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:630.63px;top:98.4px;">36</div><div id="a153513_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:664.244px;top:98.4px;">3,664</div><div id="a153516" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.166px;top:112.6px;">Total corporate lending </div><div id="a153519_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:112.6px;">26,510</div><div id="a153522_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:112.6px;">22,994</div><div id="a153525_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:112.6px;">2,567</div><div id="a153528_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:430.47px;top:112.6px;">949</div><div id="a153532_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:480.15px;top:112.6px;">144</div><div id="a153535_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.737px;top:112.6px;">22</div><div id="a153538_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:572.43px;top:112.6px;">142</div><div id="a153541_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:630.63px;top:112.6px;">34</div><div id="a153544_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:664.244px;top:112.6px;">3,106</div><div id="a153547" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:126.8px;">Lombard </div><div id="a153550_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:269.59px;top:126.8px;">132,313</div><div id="a153553_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:321.63px;top:126.8px;">132,205</div><div id="a153556_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:394.057px;top:126.8px;">0</div><div id="a153559_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:430.47px;top:126.8px;">108</div><div id="a153563_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:490.084px;top:126.8px;">2</div><div id="a153566_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:536.457px;top:126.8px;">1</div><div id="a153569_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.364px;top:126.8px;">0</div><div id="a153572_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:635.364px;top:126.8px;">1</div><div id="a153575_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:664.244px;top:126.8px;">1,580</div><div id="a153578" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:141.5px;">Credit cards </div><div id="a153581_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:279.044px;top:141.5px;">1,869</div><div id="a153584_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:331.097px;top:141.5px;">1,427</div><div id="a153587_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:384.097px;top:141.5px;">393</div><div id="a153590_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:435.67px;top:141.5px;">50</div><div id="a153594_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:480.15px;top:141.5px;">190</div><div id="a153597_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.737px;top:141.5px;">46</div><div id="a153600_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:572.43px;top:141.5px;">256</div><div id="a153603_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:630.63px;top:141.5px;">91</div><div id="a153606_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:664.244px;top:141.5px;">3,779</div><div id="a153609" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:155.7px;">Commodity trade finance </div><div id="a153612_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:279.044px;top:155.7px;">3,367</div><div id="a153615_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:331.097px;top:155.7px;">3,266</div><div id="a153618_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:394.057px;top:155.7px;">0</div><div id="a153621_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:430.47px;top:155.7px;">101</div><div id="a153625_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:480.15px;top:155.7px;">285</div><div id="a153628_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.737px;top:155.7px;">18</div><div id="a153631_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.364px;top:155.7px;">0</div><div id="a153634_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:630.63px;top:155.7px;">18</div><div id="a153637_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:664.244px;top:155.7px;">8,901</div><div id="a153640" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:169.8px;">Other loans and advances to customers </div><div id="a153643_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:169.8px;">23,149</div><div id="a153646_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:169.8px;">22,333</div><div id="a153649_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:384.097px;top:169.8px;">748</div><div id="a153652_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:435.67px;top:169.8px;">68</div><div id="a153656_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:485.35px;top:169.8px;">18</div><div id="a153659_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:536.457px;top:169.8px;">6</div><div id="a153662_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:577.63px;top:169.8px;">38</div><div id="a153665_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:635.364px;top:169.8px;">7</div><div id="a153668_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:664.244px;top:169.8px;">3,769</div><div id="a153671" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:184.5px;">Loans to financial advisors </div><div id="a153674_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:279.044px;top:184.5px;">2,670</div><div id="a153677_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:331.097px;top:184.5px;">2,364</div><div id="a153680_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:384.097px;top:184.5px;">130</div><div id="a153683_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:430.47px;top:184.5px;">176</div><div id="a153687_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:480.15px;top:184.5px;">221</div><div id="a153690_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.737px;top:184.5px;">28</div><div id="a153693_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:572.43px;top:184.5px;">124</div><div id="a153696_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:630.63px;top:184.5px;">33</div><div id="a153699_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:664.244px;top:184.5px;">2,870</div><div id="a153702" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.166px;top:198.7px;">Total other lending </div><div id="a153705_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:269.59px;top:198.7px;">163,368</div><div id="a153708_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:321.63px;top:198.7px;">161,595</div><div id="a153711_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:198.7px;">1,270</div><div id="a153714_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:430.47px;top:198.7px;">503</div><div id="a153718_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:485.35px;top:198.7px;">16</div><div id="a153721_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:536.457px;top:198.7px;">3</div><div id="a153724_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:572.43px;top:198.7px;">114</div><div id="a153727_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:635.364px;top:198.7px;">3</div><div id="a153730_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:664.244px;top:198.7px;">4,016</div><div id="a153733" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:212.9px;">Total</div><div id="a153734" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:21.656px;top:213.5px;">1</div><div id="a153737_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:212.9px;">393,480</div><div id="a153740_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:212.9px;">375,396</div><div id="a153743_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.27px;top:212.9px;">15,896</div><div id="a153746_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.377px;top:212.9px;">2,188</div><div id="a153750_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:212.9px;">21</div><div id="a153753_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:212.9px;">4</div><div id="a153756_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:212.9px;">114</div><div id="a153759_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:212.9px;">8</div><div id="a153762_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:212.9px;">2,398</div><div id="a153779" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:305.084px;top:238.4px;">Gross exposure (USD m) </div><div id="a153783" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.99px;top:238.4px;">ECL coverage (bps) </div><div id="a153785" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:252.6px;">Off-balance sheet </div><div id="a153790" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:282.83px;top:252.6px;">Total </div><div id="a153792" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:325.417px;top:252.6px;">Stage 1 </div><div id="a153794" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.324px;top:252.6px;">Stage 2 </div><div id="a153796" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:417.697px;top:252.6px;">Stage 3 </div><div id="a153799" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.844px;top:252.6px;">Total </div><div id="a153801" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.764px;top:252.6px;">Stage 1 </div><div id="a153803" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.67px;top:252.6px;">Stage 2 </div><div id="a153805" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.79px;top:252.6px;">Stage 1&amp;2 </div><div id="a153807" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:252.6px;">Stage 3 </div><div id="a153809" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:265.9px;">Private clients with mortgages </div><div id="a153812_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:279.044px;top:265.9px;">6,535</div><div id="a153815_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:331.097px;top:265.9px;">6,296</div><div id="a153818_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:384.097px;top:265.9px;">236</div><div id="a153821_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:440.404px;top:265.9px;">3</div><div id="a153825_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:490.084px;top:265.9px;">5</div><div id="a153828_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:536.457px;top:265.9px;">4</div><div id="a153831_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:577.63px;top:265.9px;">18</div><div id="a153834_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:635.364px;top:265.9px;">4</div><div id="a153837_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:664.244px;top:265.9px;">1,183</div><div id="a153840" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:280.1px;">Real estate financing </div><div id="a153843_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:280.1px;">10,054</div><div id="a153846_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:331.097px;top:280.1px;">9,779</div><div id="a153849_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:384.097px;top:280.1px;">275</div><div id="a153852_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:440.404px;top:280.1px;">0</div><div id="a153856_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:490.084px;top:280.1px;">6</div><div id="a153859_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:536.457px;top:280.1px;">7</div><div id="a153862_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.364px;top:280.1px;">0</div><div id="a153865_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:635.364px;top:280.1px;">6</div><div id="a153868_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:681.27px;top:280.1px;">0</div><div id="a153871" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.166px;top:294.7px;">Total real estate lending </div><div id="a153874_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:294.7px;">16,589</div><div id="a153877_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:294.7px;">16,075</div><div id="a153880_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:384.097px;top:294.7px;">511</div><div id="a153883_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:440.404px;top:294.7px;">3</div><div id="a153887_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:490.084px;top:294.7px;">6</div><div id="a153890_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:536.457px;top:294.7px;">6</div><div id="a153893_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.364px;top:294.7px;">2</div><div id="a153896_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:635.364px;top:294.7px;">6</div><div id="a153899_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:664.244px;top:294.7px;">1,288</div><div id="a153902" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:308.9px;">Large corporate clients </div><div id="a153905_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:308.9px;">32,126</div><div id="a153908_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:308.9px;">28,950</div><div id="a153911_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:308.9px;">3,013</div><div id="a153914_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:430.47px;top:308.9px;">163</div><div id="a153918_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:485.35px;top:308.9px;">38</div><div id="a153921_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.737px;top:308.9px;">18</div><div id="a153924_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:572.43px;top:308.9px;">165</div><div id="a153927_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:630.63px;top:308.9px;">32</div><div id="a153930_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:664.244px;top:308.9px;">1,263</div><div id="a153933" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:323.1px;">SME clients </div><div id="a153936_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:279.044px;top:323.1px;">7,122</div><div id="a153939_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:331.097px;top:323.1px;">6,525</div><div id="a153942_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:384.097px;top:323.1px;">499</div><div id="a153945_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:435.67px;top:323.1px;">98</div><div id="a153949_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:485.35px;top:323.1px;">47</div><div id="a153952_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.737px;top:323.1px;">30</div><div id="a153955_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:572.43px;top:323.1px;">214</div><div id="a153958_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:630.63px;top:323.1px;">43</div><div id="a153961_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:671.337px;top:323.1px;">304</div><div id="a153964" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.166px;top:337.3px;">Total corporate lending </div><div id="a153967_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:337.3px;">39,247</div><div id="a153970_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:337.3px;">35,475</div><div id="a153973_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:337.3px;">3,513</div><div id="a153976_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:430.47px;top:337.3px;">260</div><div id="a153980_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:485.35px;top:337.3px;">40</div><div id="a153983_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:531.737px;top:337.3px;">20</div><div id="a153986_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:572.43px;top:337.3px;">172</div><div id="a153989_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:630.63px;top:337.3px;">34</div><div id="a153992_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:671.337px;top:337.3px;">903</div><div id="a153995" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:352px;">Lombard </div><div id="a153998_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:352px;">12,919</div><div id="a154001_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:352px;">12,918</div><div id="a154004_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:394.057px;top:352px;">0</div><div id="a154007_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:440.404px;top:352px;">1</div><div id="a154011_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:490.084px;top:352px;">2</div><div id="a154014_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:536.457px;top:352px;">1</div><div id="a154017_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.364px;top:352px;">0</div><div id="a154020_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:635.364px;top:352px;">1</div><div id="a154023_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:681.27px;top:352px;">0</div><div id="a154026" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:366.2px;">Credit cards </div><div id="a154029_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:279.044px;top:366.2px;">9,390</div><div id="a154032_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:331.097px;top:366.2px;">8,900</div><div id="a154035_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:384.097px;top:366.2px;">487</div><div id="a154038_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:440.404px;top:366.2px;">3</div><div id="a154042_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:490.084px;top:366.2px;">7</div><div id="a154045_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:536.457px;top:366.2px;">5</div><div id="a154048_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:577.63px;top:366.2px;">36</div><div id="a154051_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:635.364px;top:366.2px;">7</div><div id="a154054_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:681.27px;top:366.2px;">0</div><div id="a154057" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:380.4px;">Commodity trade finance </div><div id="a154060_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:279.044px;top:380.4px;">2,459</div><div id="a154063_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:331.097px;top:380.4px;">2,459</div><div id="a154066_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:394.057px;top:380.4px;">0</div><div id="a154069_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:440.404px;top:380.4px;">0</div><div id="a154073_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:490.084px;top:380.4px;">3</div><div id="a154076_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:536.457px;top:380.4px;">3</div><div id="a154079_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.364px;top:380.4px;">0</div><div id="a154082_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:635.364px;top:380.4px;">3</div><div id="a154085_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:681.27px;top:380.4px;">0</div><div id="a154088" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:395px;">Financial intermediaries and hedge funds </div><div id="a154091_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:395px;">18,128</div><div id="a154094_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:395px;">16,464</div><div id="a154097_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:395px;">1,664</div><div id="a154100_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:440.404px;top:395px;">0</div><div id="a154104_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:490.084px;top:395px;">7</div><div id="a154107_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:536.457px;top:395px;">6</div><div id="a154110_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:577.63px;top:395px;">25</div><div id="a154113_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:635.364px;top:395px;">7</div><div id="a154116_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:681.27px;top:395px;">0</div><div id="a154119" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.184px;top:409.2px;">Other off-balance sheet commitments </div><div id="a154124_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:409.2px;">11,803</div><div id="a154127_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:409.2px;">11,454</div><div id="a154130_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:384.097px;top:409.2px;">346</div><div id="a154133_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:440.404px;top:409.2px;">3</div><div id="a154137_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:485.35px;top:409.2px;">11</div><div id="a154140_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:536.457px;top:409.2px;">8</div><div id="a154143_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:577.63px;top:409.2px;">68</div><div id="a154146_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:635.364px;top:409.2px;">9</div><div id="a154149_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:681.27px;top:409.2px;">0</div><div id="a154152" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.166px;top:423.4px;">Total other lending </div><div id="a154155_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:274.31px;top:423.4px;">54,700</div><div id="a154158_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.364px;top:423.4px;">52,195</div><div id="a154161_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:377.004px;top:423.4px;">2,498</div><div id="a154164_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:440.404px;top:423.4px;">7</div><div id="a154168_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:490.084px;top:423.4px;">6</div><div id="a154171_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:536.457px;top:423.4px;">5</div><div id="a154174_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:577.63px;top:423.4px;">33</div><div id="a154177_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:635.364px;top:423.4px;">6</div><div id="a154180_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:681.27px;top:423.4px;">0</div><div id="a154183" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:438.1px;">Total</div><div id="a154184" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:21.656px;top:438.7px;">2</div><div id="a154187_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:438.1px;">110,537</div><div id="a154190_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:438.1px;">103,745</div><div id="a154193_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:438.1px;">6,522</div><div id="a154196_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:438.1px;">270</div><div id="a154200_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:438.1px;">18</div><div id="a154203_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:438.1px;">10</div><div id="a154206_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:438.1px;">106</div><div id="a154209_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:438.1px;">16</div><div id="a154212_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:671.337px;top:438.1px;">980</div><div id="a154215" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:452.3px;">Total on-<div style="display:inline-block;width:3.33px"> </div>and off-balance sheet</div><div id="a154221" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:117.684px;top:452.9px;">3</div><div id="a154224_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:452.3px;">504,016</div><div id="a154227_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:452.3px;">479,140</div><div id="a154230_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.27px;top:452.3px;">22,418</div><div id="a154233_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.377px;top:452.3px;">2,458</div><div id="a154237_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:452.3px;">21</div><div id="a154240_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:452.3px;">5</div><div id="a154243_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:452.3px;">112</div><div id="a154246_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:452.3px;">10</div><div id="a154249_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:452.3px;">2,242</div><div id="a154252" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:465.9px;">1 Includes Loans<div style="display:inline-block;width:3.48px"> </div>and advances to<div style="display:inline-block;width:3.98px"> </div>customers and Loans<div style="display:inline-block;width:4.09px"> </div>to financial<div style="display:inline-block;width:3.47px"> </div>advisors which are<div style="display:inline-block;width:3.78px"> </div>presented on the<div style="display:inline-block;width:3.95px"> </div>balance sheet line<div style="display:inline-block;width:3.96px"> </div>Other assets measured<div style="display:inline-block;width:3.94px"> </div>at amortized<div style="display:inline-block;width:3.4px"> </div>cost.<div style="display:inline-block;width:9.61px"> </div>2 Excludes Forward<div style="display:inline-block;width:4.31px"> </div>starting reverse<div style="display:inline-block;width:3.62px"> </div>repurchase </div><div id="a154257" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:476.3px;">and securities borrowing agreements.<div style="display:inline-block;width:10.41px"> </div>3 Includes on-balance-sheet<div style="display:inline-block;width:3.63px"> </div>exposure, gross and<div style="display:inline-block;width:3.78px"> </div>off-balance-sheet exposure<div style="display:inline-block;width:3.39px"> </div>(notional) and the related<div style="display:inline-block;width:3.8px"> </div>ECL coverage ratio.</div></div></div></div> 157091000000 147678000000 8686000000 727000000 0.0010 0.0002 0.0123 0.0009 0.0381 46511000000 43129000000 3372000000 9000000 0.0009 0.0004 0.0070 0.0009 0.0232 203602000000 190807000000 12059000000 736000000 0.0010 0.0002 0.0108 0.0009 0.0379 12356000000 10757000000 1204000000 395000000 0.0105 0.0022 0.0120 0.0032 0.2325 14154000000 12237000000 1364000000 553000000 0.0177 0.0022 0.0161 0.0036 0.3664 26510000000 22994000000 2567000000 949000000 0.0144 0.0022 0.0142 0.0034 0.3106 132313000000 132205000000 0 108000000 0.0002 0.0001 0 0.0001 0.1580 1869000000 1427000000 393000000 50000000 0.0190 0.0046 0.0256 0.0091 0.3779 3367000000 3266000000 0 101000000 0.0285 0.0018 0 0.0018 0.8901 23149000000 22333000000 748000000 68000000 0.0018 0.0006 0.0038 0.0007 0.3769 2670000000 2364000000 130000000 176000000 0.0221 0.0028 0.0124 0.0033 0.2870 163368000000 161595000000 1270000000 503000000 0.0016 0.0003 0.0114 0.0003 0.4016 393480000000 375396000000 15896000000 2188000000 0.0021 0.0004 0.0114 0.0008 0.2398 6535000000 6296000000 236000000 3000000 0.0005 0.0004 0.0018 0.0004 0.1183 10054000000 9779000000 275000000 0 0.0006 0.0007 0 0.0006 0 16589000000 16075000000 511000000 3000000 0.0006 0.0006 0.0002 0.0006 0.1288 32126000000 28950000000 3013000000 163000000 0.0038 0.0018 0.0165 0.0032 0.1263 7122000000 6525000000 499000000 98000000 0.0047 0.0030 0.0214 0.0043 0.0304 39247000000 35475000000 3513000000 260000000 0.0040 0.0020 0.0172 0.0034 0.0903 12919000000 12918000000 0 1000000 0.0002 0.0001 0 0.0001 0 9390000000 8900000000 487000000 3000000 0.0007 0.0005 0.0036 0.0007 0 2459000000 2459000000 0 0 0.0003 0.0003 0 0.0003 0 18128000000 16464000000 1664000000 0 0.0007 0.0006 0.0025 0.0007 0 11803000000 11454000000 346000000 3000000 0.0011 0.0008 0.0068 0.0009 0 54700000000 52195000000 2498000000 7000000 0.0006 0.0005 0.0033 0.0006 0 110537000000 103745000000 6522000000 270000000 0.0018 0.0010 0.0106 0.0016 0.0980 504016000000 479140000000 22418000000 2458000000 0.0021 0.0005 0.0112 0.0010 0.2242 <div id="TextBlockContainer1187" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:693px;height:479px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a154307" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:453.204px;top:0px;">31.12.21 </div><div id="a154311" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:291.844px;top:13.3px;">Gross carrying amount (USD<div style="display:inline-block;width:3.82px"> </div>m) </div><div id="a154315" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.99px;top:13.3px;">ECL coverage (bps) </div><div id="a154317" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:27.5px;">On-balance sheet </div><div id="a154322" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:282.83px;top:27.5px;">Total </div><div id="a154324" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:325.417px;top:27.5px;">Stage 1 </div><div id="a154326" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.324px;top:27.5px;">Stage 2 </div><div id="a154328" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:417.697px;top:27.5px;">Stage 3 </div><div id="a154331" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.844px;top:27.5px;">Total </div><div id="a154333" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.764px;top:27.5px;">Stage 1 </div><div id="a154335" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.67px;top:27.5px;">Stage 2 </div><div id="a154337" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.79px;top:27.5px;">Stage 1&amp;2 </div><div id="a154339" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:27.5px;">Stage 3 </div><div id="a154341" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:40.2px;">Private clients with mortgages </div><div id="a154344_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:40.2px;">152,610</div><div id="a154347_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:40.2px;">143,533</div><div id="a154350_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:40.2px;">8,333</div><div id="a154353_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:40.2px;">744</div><div id="a154357_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.084px;top:40.2px;">9</div><div id="a154360_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:40.2px;">2</div><div id="a154363_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:40.2px;">85</div><div id="a154366_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:40.2px;">6</div><div id="a154369_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:671.337px;top:40.2px;">446</div><div id="a154372" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:54.4px;">Real estate financing </div><div id="a154375_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:54.4px;">44,004</div><div id="a154378_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:54.4px;">40,483</div><div id="a154381_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:54.4px;">3,512</div><div id="a154384_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.67px;top:54.4px;">10</div><div id="a154388_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:54.4px;">14</div><div id="a154391_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:54.4px;">5</div><div id="a154394_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:54.4px;">114</div><div id="a154397_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:54.4px;">14</div><div id="a154400_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:671.337px;top:54.4px;">231</div><div id="a154403" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:68.6px;">Total real estate lending </div><div id="a154406_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:68.6px;">196,615</div><div id="a154409_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:68.6px;">184,016</div><div id="a154412_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.27px;top:68.6px;">11,845</div><div id="a154415_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:68.6px;">754</div><div id="a154419_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:68.6px;">10</div><div id="a154422_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:68.6px;">3</div><div id="a154425_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:68.6px;">94</div><div id="a154428_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:68.6px;">8</div><div id="a154431_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:671.337px;top:68.6px;">443</div><div id="a154434" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:82.8px;">Large corporate clients </div><div id="a154438_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:82.8px;">14,161</div><div id="a154441_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:82.8px;">12,665</div><div id="a154444_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:82.8px;">1,053</div><div id="a154447_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:82.8px;">443</div><div id="a154451_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.15px;top:82.8px;">120</div><div id="a154454_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:82.8px;">18</div><div id="a154457_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:82.8px;">148</div><div id="a154460_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:82.8px;">28</div><div id="a154463_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:82.8px;">2,997</div><div id="a154466" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:97px;">SME clients </div><div id="a154469_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:97px;">14,263</div><div id="a154472_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:97px;">12,095</div><div id="a154475_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:97px;">1,507</div><div id="a154478_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:97px;">661</div><div id="a154482_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.15px;top:97px;">182</div><div id="a154485_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:97px;">16</div><div id="a154488_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:97px;">103</div><div id="a154491_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:97px;">25</div><div id="a154494_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:97px;">3,402</div><div id="a154497" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:110.7px;">Total corporate lending </div><div id="a154500_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:110.7px;">28,424</div><div id="a154503_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:110.7px;">24,760</div><div id="a154506_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:110.7px;">2,560</div><div id="a154509_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.377px;top:110.7px;">1,104</div><div id="a154513_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.15px;top:110.7px;">151</div><div id="a154516_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:110.7px;">17</div><div id="a154519_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:110.7px;">121</div><div id="a154522_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:110.7px;">26</div><div id="a154525_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:110.7px;">3,240</div><div id="a154528" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:124.9px;">Lombard </div><div id="a154531_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:124.9px;">149,316</div><div id="a154534_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:124.9px;">149,261</div><div id="a154537_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.057px;top:124.9px;">0</div><div id="a154540_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.67px;top:124.9px;">55</div><div id="a154544_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.084px;top:124.9px;">2</div><div id="a154547_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:124.9px;">0</div><div id="a154550_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:124.9px;">0</div><div id="a154553_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:124.9px;">0</div><div id="a154556_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:124.9px;">5,026</div><div id="a154559" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:139.1px;">Credit cards </div><div id="a154562_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:279.044px;top:139.1px;">1,752</div><div id="a154565_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.097px;top:139.1px;">1,355</div><div id="a154568_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:139.1px;">351</div><div id="a154571_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.67px;top:139.1px;">46</div><div id="a154575_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.15px;top:139.1px;">204</div><div id="a154578_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:139.1px;">72</div><div id="a154581_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:139.1px;">255</div><div id="a154584_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:625.43px;top:139.1px;">109</div><div id="a154587_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:139.1px;">3,735</div><div id="a154590" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:153.3px;">Commodity trade finance </div><div id="a154593_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:279.044px;top:153.3px;">3,927</div><div id="a154596_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.097px;top:153.3px;">3,805</div><div id="a154599_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.057px;top:153.3px;">7</div><div id="a154602_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:153.3px;">115</div><div id="a154606_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.15px;top:153.3px;">290</div><div id="a154609_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:153.3px;">15</div><div id="a154612_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:153.3px;">3</div><div id="a154615_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:153.3px;">15</div><div id="a154618_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:153.3px;">9,388</div><div id="a154621" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:167.5px;">Other loans and advances to customers </div><div id="a154624_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:167.5px;">19,510</div><div id="a154627_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:167.5px;">18,425</div><div id="a154630_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:167.5px;">1,010</div><div id="a154633_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.67px;top:167.5px;">75</div><div id="a154637_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:167.5px;">23</div><div id="a154640_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:167.5px;">9</div><div id="a154643_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:167.5px;">15</div><div id="a154646_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:167.5px;">9</div><div id="a154649_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:167.5px;">3,730</div><div id="a154652" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:181.7px;">Loans to financial advisors </div><div id="a154655_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:279.044px;top:181.7px;">2,539</div><div id="a154658_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.097px;top:181.7px;">2,203</div><div id="a154661_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:181.7px;">109</div><div id="a154664_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:181.7px;">226</div><div id="a154668_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.15px;top:181.7px;">338</div><div id="a154671_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:181.7px;">88</div><div id="a154674_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:181.7px;">303</div><div id="a154677_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:181.7px;">99</div><div id="a154680_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:181.7px;">2,791</div><div id="a154683" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:195.9px;">Total other lending </div><div id="a154686_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:195.9px;">177,043</div><div id="a154689_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:195.9px;">175,049</div><div id="a154692_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:195.9px;">1,477</div><div id="a154695_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:195.9px;">517</div><div id="a154699_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:195.9px;">18</div><div id="a154702_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:195.9px;">3</div><div id="a154705_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:195.9px;">93</div><div id="a154708_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:195.9px;">4</div><div id="a154711_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:195.9px;">4,718</div><div id="a154714" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:210.1px;">Total</div><div id="a154715" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:21.656px;top:210.7px;">1</div><div id="a154718_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:210.1px;">402,081</div><div id="a154721_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:210.1px;">383,825</div><div id="a154724_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.27px;top:210.1px;">15,882</div><div id="a154727_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.377px;top:210.1px;">2,374</div><div id="a154731_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:210.1px;">23</div><div id="a154734_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:210.1px;">4</div><div id="a154737_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:210.1px;">98</div><div id="a154740_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:210.1px;">8</div><div id="a154743_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:210.1px;">2,673</div><div id="a154760" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:305.084px;top:236.1px;">Gross exposure (USD m) </div><div id="a154764" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.99px;top:236.1px;">ECL coverage (bps) </div><div id="a154766" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:250.3px;">Off-balance sheet </div><div id="a154771" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:282.83px;top:250.3px;">Total </div><div id="a154773" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:325.417px;top:250.3px;">Stage 1 </div><div id="a154775" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.324px;top:250.3px;">Stage 2 </div><div id="a154777" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:417.697px;top:250.3px;">Stage 3 </div><div id="a154780" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.844px;top:250.3px;">Total </div><div id="a154782" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.764px;top:250.3px;">Stage 1 </div><div id="a154784" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.67px;top:250.3px;">Stage 2 </div><div id="a154786" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.79px;top:250.3px;">Stage 1&amp;2 </div><div id="a154788" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:250.3px;">Stage 3 </div><div id="a154790" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:263.1px;">Private clients with mortgages </div><div id="a154793_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:279.044px;top:263.1px;">9,123</div><div id="a154796_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.097px;top:263.1px;">8,798</div><div id="a154799_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:263.1px;">276</div><div id="a154802_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.67px;top:263.1px;">49</div><div id="a154806_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.084px;top:263.1px;">3</div><div id="a154809_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:263.1px;">3</div><div id="a154812_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:263.1px;">9</div><div id="a154815_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:263.1px;">3</div><div id="a154818_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:676.537px;top:263.1px;">15</div><div id="a154821" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:277.3px;">Real estate financing </div><div id="a154824_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:279.044px;top:277.3px;">8,766</div><div id="a154827_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.097px;top:277.3px;">8,481</div><div id="a154830_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:277.3px;">285</div><div id="a154833_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.404px;top:277.3px;">0</div><div id="a154837_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.084px;top:277.3px;">9</div><div id="a154840_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:277.3px;">7</div><div id="a154843_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:277.3px;">88</div><div id="a154846_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:277.3px;">9</div><div id="a154849_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:681.27px;top:277.3px;">0</div><div id="a154852" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:291.4px;">Total real estate lending </div><div id="a154855_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:291.4px;">17,889</div><div id="a154858_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:291.4px;">17,278</div><div id="a154861_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:291.4px;">562</div><div id="a154864_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.67px;top:291.4px;">49</div><div id="a154868_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.084px;top:291.4px;">6</div><div id="a154871_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:291.4px;">5</div><div id="a154874_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:291.4px;">49</div><div id="a154877_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:291.4px;">6</div><div id="a154880_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:676.537px;top:291.4px;">15</div><div id="a154883" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:305.6px;">Large corporate clients </div><div id="a154886_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:305.6px;">32,748</div><div id="a154889_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:305.6px;">28,981</div><div id="a154892_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:305.6px;">3,630</div><div id="a154895_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:305.6px;">136</div><div id="a154899_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:305.6px;">34</div><div id="a154902_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:305.6px;">25</div><div id="a154905_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:305.6px;">110</div><div id="a154908_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:305.6px;">35</div><div id="a154911_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:681.27px;top:305.6px;">1</div><div id="a154914" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:319.3px;">SME clients </div><div id="a154917_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:279.044px;top:319.3px;">8,077</div><div id="a154920_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.097px;top:319.3px;">7,276</div><div id="a154923_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:319.3px;">688</div><div id="a154926_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:319.3px;">114</div><div id="a154930_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:319.3px;">38</div><div id="a154933_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:319.3px;">19</div><div id="a154936_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:319.3px;">151</div><div id="a154939_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:319.3px;">30</div><div id="a154942_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:671.337px;top:319.3px;">585</div><div id="a154945" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:333.6px;">Total corporate lending </div><div id="a154948_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:333.6px;">40,826</div><div id="a154951_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:333.6px;">36,258</div><div id="a154954_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:333.6px;">4,318</div><div id="a154957_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:333.6px;">250</div><div id="a154961_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:333.6px;">35</div><div id="a154964_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:333.6px;">24</div><div id="a154967_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:333.6px;">117</div><div id="a154970_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:333.6px;">34</div><div id="a154973_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:671.337px;top:333.6px;">266</div><div id="a154976" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:347.7px;">Lombard </div><div id="a154979_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:347.7px;">14,438</div><div id="a154982_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:347.7px;">14,438</div><div id="a154985_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.057px;top:347.7px;">0</div><div id="a154988_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.404px;top:347.7px;">0</div><div id="a154992_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.084px;top:347.7px;">1</div><div id="a154995_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:347.7px;">0</div><div id="a154998_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:347.7px;">0</div><div id="a155001_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:347.7px;">0</div><div id="a155004_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:681.27px;top:347.7px;">0</div><div id="a155007" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:361.9px;">Credit cards </div><div id="a155010_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:279.044px;top:361.9px;">9,466</div><div id="a155013_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.097px;top:361.9px;">9,000</div><div id="a155016_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:361.9px;">462</div><div id="a155019_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.404px;top:361.9px;">4</div><div id="a155023_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.084px;top:361.9px;">7</div><div id="a155026_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:361.9px;">5</div><div id="a155029_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:361.9px;">34</div><div id="a155032_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:361.9px;">7</div><div id="a155035_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:681.27px;top:361.9px;">0</div><div id="a155038" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:376.1px;">Commodity trade finance </div><div id="a155041_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:279.044px;top:376.1px;">3,262</div><div id="a155044_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.097px;top:376.1px;">3,262</div><div id="a155047_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.057px;top:376.1px;">0</div><div id="a155050_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.404px;top:376.1px;">0</div><div id="a155054_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.084px;top:376.1px;">4</div><div id="a155057_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:376.1px;">4</div><div id="a155060_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:376.1px;">0</div><div id="a155063_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:376.1px;">4</div><div id="a155066_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:681.27px;top:376.1px;">0</div><div id="a155069" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:390.3px;">Financial intermediaries and hedge funds </div><div id="a155072_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:390.3px;">13,747</div><div id="a155075_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:390.3px;">13,379</div><div id="a155078_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:390.3px;">369</div><div id="a155081_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.404px;top:390.3px;">0</div><div id="a155085_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:390.3px;">13</div><div id="a155088_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:390.3px;">10</div><div id="a155091_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:390.3px;">120</div><div id="a155094_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:390.3px;">13</div><div id="a155097_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:681.27px;top:390.3px;">0</div><div id="a155100" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.184px;top:404.5px;">Other off-balance sheet commitments </div><div id="a155105_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:279.044px;top:404.5px;">8,806</div><div id="a155108_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.097px;top:404.5px;">8,507</div><div id="a155111_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:404.5px;">296</div><div id="a155114_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.404px;top:404.5px;">4</div><div id="a155118_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:404.5px;">15</div><div id="a155121_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:404.5px;">6</div><div id="a155124_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:404.5px;">30</div><div id="a155127_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:404.5px;">7</div><div id="a155130_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:681.27px;top:404.5px;">0</div><div id="a155133" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:418.7px;">Total other lending </div><div id="a155136_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:274.31px;top:418.7px;">49,720</div><div id="a155139_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:418.7px;">48,585</div><div id="a155142_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:418.7px;">1,127</div><div id="a155145_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.404px;top:418.7px;">8</div><div id="a155149_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.084px;top:418.7px;">8</div><div id="a155152_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:418.7px;">5</div><div id="a155155_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:418.7px;">61</div><div id="a155158_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:418.7px;">7</div><div id="a155161_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:681.27px;top:418.7px;">0</div><div id="a155164" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:432.9px;">Total</div><div id="a155165" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:21.656px;top:433.5px;">2</div><div id="a155168_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:432.9px;">108,434</div><div id="a155171_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:432.9px;">102,121</div><div id="a155174_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:432.9px;">6,006</div><div id="a155177_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:432.9px;">307</div><div id="a155181_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:432.9px;">18</div><div id="a155184_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.737px;top:432.9px;">12</div><div id="a155187_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:432.9px;">100</div><div id="a155190_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:630.63px;top:432.9px;">17</div><div id="a155193_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:671.337px;top:432.9px;">486</div><div id="a155196" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:446.6px;">Total on-<div style="display:inline-block;width:3.33px"> </div>and off-balance sheet</div><div id="a155202" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:117.684px;top:447.3px;">3</div><div id="a155205_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:269.59px;top:446.6px;">510,516</div><div id="a155208_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.63px;top:446.6px;">485,946</div><div id="a155211_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.27px;top:446.6px;">21,888</div><div id="a155214_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.377px;top:446.6px;">2,681</div><div id="a155218_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.35px;top:446.6px;">22</div><div id="a155221_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.457px;top:446.6px;">5</div><div id="a155224_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:446.6px;">99</div><div id="a155227_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.364px;top:446.6px;">9</div><div id="a155230_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.244px;top:446.6px;">2,423</div><div id="a155233" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:460.2px;">1 Includes Loans<div style="display:inline-block;width:3.48px"> </div>and advances to<div style="display:inline-block;width:3.98px"> </div>customers and Loans<div style="display:inline-block;width:4.09px"> </div>to financial<div style="display:inline-block;width:3.47px"> </div>advisors which are<div style="display:inline-block;width:3.78px"> </div>presented on the<div style="display:inline-block;width:3.95px"> </div>balance sheet line<div style="display:inline-block;width:3.96px"> </div>Other assets measured<div style="display:inline-block;width:3.94px"> </div>at amortized<div style="display:inline-block;width:3.4px"> </div>cost.<div style="display:inline-block;width:9.61px"> </div>2 Excludes Forward<div style="display:inline-block;width:4.31px"> </div>starting reverse<div style="display:inline-block;width:3.62px"> </div>repurchase </div><div id="a155238" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:470.6px;">and securities borrowing agreements.<div style="display:inline-block;width:10.41px"> </div>3 Includes on-balance-sheet<div style="display:inline-block;width:3.63px"> </div>exposure, gross and<div style="display:inline-block;width:3.78px"> </div>off-balance-sheet exposure<div style="display:inline-block;width:3.39px"> </div>(notional) and the related<div style="display:inline-block;width:3.8px"> </div>ECL coverage ratio.</div></div> 152610000000 143533000000 8333000000 744000000 0.0009 0.0002 0.0085 0.0006 0.0446 44004000000 40483000000 3512000000 10000000 0.0014 0.0005 0.0114 0.0014 0.0231 196615000000 184016000000 11845000000 754000000 0.0010 0.0003 0.0094 0.0008 0.0443 14161000000 12665000000 1053000000 443000000 0.0120 0.0018 0.0148 0.0028 0.2997 14263000000 12095000000 1507000000 661000000 0.0182 0.0016 0.0103 0.0025 0.3402 28424000000 24760000000 2560000000 1104000000 0.0151 0.0017 0.0121 0.0026 0.3240 149316000000 149261000000 0 55000000 0.0002 0 0 0 0.5026 1752000000 1355000000 351000000 46000000 0.0204 0.0072 0.0255 0.0109 0.3735 3927000000 3805000000 7000000 115000000 0.0290 0.0015 0.0003 0.0015 0.9388 19510000000 18425000000 1010000000 75000000 0.0023 0.0009 0.0015 0.0009 0.3730 2539000000 2203000000 109000000 226000000 0.0338 0.0088 0.0303 0.0099 0.2791 177043000000 175049000000 1477000000 517000000 0.0018 0.0003 0.0093 0.0004 0.4718 402081000000 383825000000 15882000000 2374000000 0.0023 0.0004 0.0098 0.0008 0.2673 9123000000 8798000000 276000000 49000000 0.0003 0.0003 0.0009 0.0003 0.0015 8766000000 8481000000 285000000 0 0.0009 0.0007 0.0088 0.0009 0 17889000000 17278000000 562000000 49000000 0.0006 0.0005 0.0049 0.0006 0.0015 32748000000 28981000000 3630000000 136000000 0.0034 0.0025 0.0110 0.0035 0.0001 8077000000 7276000000 688000000 114000000 0.0038 0.0019 0.0151 0.0030 0.0585 40826000000 36258000000 4318000000 250000000 0.0035 0.0024 0.0117 0.0034 0.0266 14438000000 14438000000 0 0 0.0001 0 0 0 0 9466000000 9000000000 462000000 4000000 0.0007 0.0005 0.0034 0.0007 0 3262000000 3262000000 0 0 0.0004 0.0004 0 0.0004 0 13747000000 13379000000 369000000 0 0.0013 0.0010 0.0120 0.0013 0 8806000000 8507000000 296000000 4000000 0.0015 0.0006 0.0030 0.0007 0 49720000000 48585000000 1127000000 8000000 0.0008 0.0005 0.0061 0.0007 0 108434000000 102121000000 6006000000 307000000 0.0018 0.0012 0.0100 0.0017 0.0486 510516000000 485946000000 21888000000 2681000000 0.0022 0.0005 0.0099 0.0009 0.2423 <div id="TextBlockContainer1190" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:336px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a155253" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 10<div style="display:inline-block;width:8.21px"> </div>Derivative instruments </div><div id="a155258" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#E60000;left:4.905px;top:26.9px;">Overview </div><div id="a155260" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:49.5px;">Over-the-counter (OTC) derivative contracts are<div style="display:inline-block;width:5.1px"> </div>usually traded under<div style="display:inline-block;width:5.06px"> </div>a standardized International Swaps and<div style="display:inline-block;width:5.24px"> </div>Derivatives </div><div id="a155266" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:65.1px;">Association (ISDA)<div style="display:inline-block;width:5.54px"> </div>master agreement<div style="display:inline-block;width:5.08px"> </div>or other<div style="display:inline-block;width:5.45px"> </div>recognized<div style="display:inline-block;width:5.12px"> </div>local industry-standard<div style="display:inline-block;width:5.83px"> </div>master agreements<div style="display:inline-block;width:5.6px"> </div>between UBS<div style="display:inline-block;width:5.7px"> </div>AG </div><div id="a155270" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:80.3px;">and<div style="display:inline-block;width:7.03px"> </div>its<div style="display:inline-block;width:6.41px"> </div>counterparties.<div style="display:inline-block;width:6.66px"> </div>Terms<div style="display:inline-block;width:7.83px"> </div>are<div style="display:inline-block;width:6.71px"> </div>negotiated<div style="display:inline-block;width:7.02px"> </div>directly<div style="display:inline-block;width:6.62px"> </div>with<div style="display:inline-block;width:6.67px"> </div>counterparties<div style="display:inline-block;width:6.56px"> </div>and<div style="display:inline-block;width:7.03px"> </div>the<div style="display:inline-block;width:6.67px"> </div>contracts<div style="display:inline-block;width:6.21px"> </div>have<div style="display:inline-block;width:6.62px"> </div>industry-standard </div><div id="a155273" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:95.9px;">settlement<div style="display:inline-block;width:5.71px"> </div>mechanisms<div style="display:inline-block;width:6.04px"> </div>prescribed<div style="display:inline-block;width:6.9px"> </div>by<div style="display:inline-block;width:5.67px"> </div>ISDA<div style="display:inline-block;width:5.88px"> </div>or<div style="display:inline-block;width:5.72px"> </div>similar<div style="display:inline-block;width:6.05px"> </div>industry-standard<div style="display:inline-block;width:6.82px"> </div>solutions.<div style="display:inline-block;width:6.32px"> </div>Other<div style="display:inline-block;width:5.47px"> </div>OTC<div style="display:inline-block;width:5.72px"> </div>derivatives<div style="display:inline-block;width:6.42px"> </div>are<div style="display:inline-block;width:6.23px"> </div>cleared </div><div id="a155277" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:111px;">through clearing houses, in<div style="display:inline-block;width:2px"> </div>particular interest rate<div style="display:inline-block;width:2.2px"> </div>swaps with LCH, where a<div style="display:inline-block;width:1.69px"> </div>settled-to-market method has been generally </div><div id="a155285" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:126.6px;">adopted,<div style="display:inline-block;width:5.02px"> </div>under which<div style="display:inline-block;width:5.02px"> </div>cash collateral<div style="display:inline-block;width:5.81px"> </div>exchanged<div style="display:inline-block;width:5.13px"> </div>on a<div style="display:inline-block;width:5.24px"> </div>daily basis is<div style="display:inline-block;width:5.82px"> </div>considered to<div style="display:inline-block;width:5.99px"> </div>legally settle<div style="display:inline-block;width:5.58px"> </div>the market<div style="display:inline-block;width:5.37px"> </div>value of<div style="display:inline-block;width:5.25px"> </div>the </div><div id="a155287" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:141.8px;">derivatives. Regulators<div style="display:inline-block;width:6.14px"> </div>in various<div style="display:inline-block;width:5.87px"> </div>jurisdictions have<div style="display:inline-block;width:5.76px"> </div>introduced<div style="display:inline-block;width:5.37px"> </div>rules requiring<div style="display:inline-block;width:6.31px"> </div>the payment and<div style="display:inline-block;width:6.23px"> </div>collection of<div style="display:inline-block;width:6.04px"> </div>initial and </div><div id="a155288" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:156.9px;">variation margins on certain OTC derivative<div style="display:inline-block;width:5.41px"> </div>contracts, which may have a bearing<div style="display:inline-block;width:5.14px"> </div>on price and other relevant<div style="display:inline-block;width:5.15px"> </div>terms. </div><div id="a155292" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:180.1px;">Exchange-traded derivatives (ETD) are standardized<div style="display:inline-block;width:5.59px"> </div>in terms of their amounts and<div style="display:inline-block;width:5.06px"> </div>settlement dates, and are bought<div style="display:inline-block;width:5.28px"> </div>and </div><div id="a155295" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:195.2px;">sold<div style="display:inline-block;width:6.02px"> </div>on<div style="display:inline-block;width:6.08px"> </div>regulated<div style="display:inline-block;width:6.11px"> </div>exchanges.<div style="display:inline-block;width:6.03px"> </div>Exchanges<div style="display:inline-block;width:5.93px"> </div>offer<div style="display:inline-block;width:5.66px"> </div>the<div style="display:inline-block;width:5.72px"> </div>benefits<div style="display:inline-block;width:6.19px"> </div>of<div style="display:inline-block;width:5.72px"> </div>pricing<div style="display:inline-block;width:6.44px"> </div>transparency,<div style="display:inline-block;width:6.55px"> </div>standardized<div style="display:inline-block;width:6.16px"> </div>daily<div style="display:inline-block;width:5.47px"> </div>settlement<div style="display:inline-block;width:6.15px"> </div>of </div><div id="a155297" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:210.4px;">changes in value and,<div style="display:inline-block;width:5.05px"> </div>consequently, reduced credit risk. </div><div id="a155299" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:233.5px;">Most of UBS AG’s derivative<div style="display:inline-block;width:1.87px"> </div>transactions relate to sales and market-making activity.<div style="display:inline-block;width:1.74px"> </div>Sales activities include the structuring </div><div id="a155302" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:248.7px;">and marketing of derivative products to<div style="display:inline-block;width:2.25px"> </div>customers to enable them to take,<div style="display:inline-block;width:2.03px"> </div>transfer, modify or reduce current or expected </div><div id="a155304" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:263.8px;">risks. Market-making aims to directly support the<div style="display:inline-block;width:2.23px"> </div>facilitation and execution of client activity, and involves<div style="display:inline-block;width:1.96px"> </div>quoting bid and </div><div id="a155307" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:279px;">offer prices to other market participants with the aim of generating<div style="display:inline-block;width:5.43px"> </div>revenues based on spread and volume. UBS<div style="display:inline-block;width:5.06px"> </div>AG also </div><div id="a155309" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:294.6px;">uses various derivative instruments for<div style="display:inline-block;width:5.08px"> </div>hedging purposes. </div><div id="a155311" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:306.3px;">›</div><div id="a155312" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:306.5px;"> </div><div id="a155313" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:311.1px;">Refer to Notes 15<div style="display:inline-block;width:1.5px"> </div>and 20 for more information<div style="display:inline-block;width:0.58px"> </div>about derivative<div style="display:inline-block;width:1.43px"> </div>instruments </div><div id="a155324" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:320.9px;">›</div><div id="a155325" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:321.1px;"> </div><div id="a155326" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:325.8px;">Refer to Note 25<div style="display:inline-block;width:1.6px"> </div>for more information<div style="display:inline-block;width:1.18px"> </div>about derivatives<div style="display:inline-block;width:1.33px"> </div>designated in<div style="display:inline-block;width:1.55px"> </div>hedge accounting<div style="display:inline-block;width:1.46px"> </div>relationships</div></div><div id="TextBlockContainer1192" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:225px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a155374" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Risks of derivative<div style="display:inline-block;width:5.18px"> </div>instruments </div><div id="a155379" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23px;">The derivative financial assets shown on the balance sheet can be an important component of UBS AG’s credit exposure; </div><div id="a155381" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.7px;">however,<div style="display:inline-block;width:5.26px"> </div>the positive<div style="display:inline-block;width:5.24px"> </div>replacement<div style="display:inline-block;width:5.08px"> </div>values related<div style="display:inline-block;width:6.23px"> </div>to a<div style="display:inline-block;width:5.83px"> </div>respective counterparty<div style="display:inline-block;width:5.72px"> </div>are rarely<div style="display:inline-block;width:5.96px"> </div>an adequate<div style="display:inline-block;width:6.44px"> </div>reflection of<div style="display:inline-block;width:5.6px"> </div>UBS </div><div id="a155382" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">AG’s<div style="display:inline-block;width:5.4px"> </div>credit<div style="display:inline-block;width:5.03px"> </div>exposure<div style="display:inline-block;width:5.74px"> </div>in its<div style="display:inline-block;width:6.14px"> </div>derivatives business<div style="display:inline-block;width:6.71px"> </div>with<div style="display:inline-block;width:5.25px"> </div>that<div style="display:inline-block;width:5.1px"> </div>counterparty.<div style="display:inline-block;width:5.37px"> </div>This<div style="display:inline-block;width:5.35px"> </div>is generally<div style="display:inline-block;width:6.04px"> </div>the<div style="display:inline-block;width:5.25px"> </div>case<div style="display:inline-block;width:5.05px"> </div>because,<div style="display:inline-block;width:5.56px"> </div>on<div style="display:inline-block;width:5.13px"> </div>the one </div><div id="a155383" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:68.9px;">hand, replacement values can increase over time (potential<div style="display:inline-block;width:5.21px"> </div>future exposure), while, on the other<div style="display:inline-block;width:5.04px"> </div>hand, exposure may be </div><div id="a155385" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:84.5px;">mitigated by entering into master netting agreements and bilateral collateral arrangements. Both the exposure measures </div><div id="a155386" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.7px;">used internally<div style="display:inline-block;width:2.27px"> </div>by UBS AG<div style="display:inline-block;width:2.13px"> </div>to control<div style="display:inline-block;width:2.28px"> </div>credit risk and<div style="display:inline-block;width:2.12px"> </div>the capital<div style="display:inline-block;width:2.16px"> </div>requirements imposed by regulators reflect<div style="display:inline-block;width:2.17px"> </div>these additional </div><div id="a155390" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:115.3px;">factors. </div><div id="a155392" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:127px;">›</div><div id="a155393" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:127.2px;"> </div><div id="a155394" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:131.9px;">Refer to Note 21<div style="display:inline-block;width:1.6px"> </div>for more information<div style="display:inline-block;width:1.18px"> </div>about derivative<div style="display:inline-block;width:1.47px"> </div>financial assets<div style="display:inline-block;width:1.63px"> </div>and liabilities<div style="display:inline-block;width:1.22px"> </div>after consideration<div style="display:inline-block;width:1.54px"> </div>of netting potential </div><div id="a155401" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:146.5px;">permitted under<div style="display:inline-block;width:1.62px"> </div>enforceable netting<div style="display:inline-block;width:1.41px"> </div>arrangements </div><div id="a155406" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:156.3px;">›</div><div id="a155407" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:156.5px;"> </div><div id="a155408" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:161.2px;">Refer to the “Risk<div style="display:inline-block;width:1.42px"> </div>management and<div style="display:inline-block;width:1.21px"> </div>control” section of<div style="display:inline-block;width:1.55px"> </div>this report for more information<div style="display:inline-block;width:0.53px"> </div>about the risks<div style="display:inline-block;width:1.41px"> </div>arising from derivative </div><div id="a155412" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:175.9px;">instruments </div><div id="a155414" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:189.1px;"> </div><div id="a155415" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:4.905px;top:212px;">Derivative instruments</div></div><div id="TextBlockContainer1196" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#9A3D37;line-height:normal;width:687px;height:637px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1194_XBRL_TS_06a308f7e8aa465f9f9311f5a1f8ce48" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1195" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#9A3D37;line-height:normal;width:687px;height:637px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a155420" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:292.79px;top:0px;">31.12.22 </div><div id="a155423" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:546.43px;top:0px;">31.12.21 </div><div id="a155425" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.181px;top:72.4px;">USD bn </div><div id="a155428" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:187.737px;top:49.2px;">Derivative </div><div id="a155430" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.937px;top:61px;">financial </div><div id="a155432" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:201.457px;top:72.4px;">assets </div><div id="a155434" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:245.937px;top:14.2px;">Notional </div><div id="a155435" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:245.47px;top:25.6px;">amounts </div><div id="a155437" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:241.684px;top:37.4px;">related to </div><div id="a155438" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:242.15px;top:49.2px;">derivative </div><div id="a155440" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:246.417px;top:61px;">financial </div><div id="a155441" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:247.83px;top:72.4px;">assets</div><div id="a155442" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:270.057px;top:73px;">2,3</div><div id="a155444" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:294.204px;top:49.2px;">Derivative </div><div id="a155446" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:299.404px;top:61px;">financial </div><div id="a155448" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:297.99px;top:72.4px;">liabilities </div><div id="a155450" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:351.937px;top:14.2px;">Notional </div><div id="a155451" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:351.457px;top:25.6px;">amounts </div><div id="a155453" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:347.684px;top:37.4px;">related to </div><div id="a155454" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:348.15px;top:49.2px;">derivative </div><div id="a155456" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:352.404px;top:61px;">financial </div><div id="a155457" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:343.897px;top:72.4px;">liabilities</div><div id="a155458" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:376.057px;top:73px;">2,3</div><div id="a155460" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:415.337px;top:49.2px;">Other </div><div id="a155461" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:406.35px;top:61px;">notional </div><div id="a155462" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:397.364px;top:72.4px;">amounts</div><div id="a155463" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:429.044px;top:73px;">2,4</div><div id="a155466" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:451.777px;top:49.2px;">Derivative </div><div id="a155468" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:456.977px;top:61px;">financial </div><div id="a155470" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:465.497px;top:72.4px;">assets </div><div id="a155472" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:505.257px;top:14.2px;">Notional </div><div id="a155473" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:504.31px;top:25.6px;">amounts </div><div id="a155475" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:500.99px;top:37.4px;">related to </div><div id="a155476" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:500.99px;top:49.2px;">derivative </div><div id="a155478" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:505.724px;top:61px;">financial </div><div id="a155479" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.67px;top:72.4px;">assets</div><div id="a155480" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:528.417px;top:73px;">2,3</div><div id="a155482" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:547.844px;top:49.2px;">Derivative </div><div id="a155484" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:553.044px;top:61px;">financial </div><div id="a155486" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:552.097px;top:72.4px;">liabilities </div><div id="a155488" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:601.31px;top:14.2px;">Notional </div><div id="a155489" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:600.364px;top:25.6px;">amounts </div><div id="a155491" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:597.03px;top:37.4px;">related to </div><div id="a155492" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:597.03px;top:49.2px;">derivative </div><div id="a155494" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:601.79px;top:61px;">financial </div><div id="a155495" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:592.764px;top:72.4px;">liabilities</div><div id="a155496" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:624.484px;top:73px;">2,3</div><div id="a155498" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:659.044px;top:49.2px;">Other </div><div id="a155499" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:650.017px;top:61px;">notional </div><div id="a155500" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:641.044px;top:72.4px;">amounts</div><div id="a155501" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:672.284px;top:73px;">2,4</div><div id="a155503" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:86.6px;">Interest rate contracts </div><div id="a155506_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:206.657px;top:86.6px;">39.8</div><div id="a155509_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:248.31px;top:86.6px;">1,057.4</div><div id="a155512_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:313.124px;top:86.6px;">37.5</div><div id="a155515_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:354.297px;top:86.6px;">1,022.9</div><div id="a155518_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:402.564px;top:86.6px;">11,255.4</div><div id="a155522_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:470.697px;top:86.6px;">33.2</div><div id="a155525_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:514.23px;top:86.6px;">991.2</div><div id="a155528_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.764px;top:86.6px;">28.7</div><div id="a155531_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:610.297px;top:86.6px;">943.1</div><div id="a155534_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:650.964px;top:86.6px;">8,675.1</div><div id="a155537" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:101.7px;">of which: forwards (OTC)</div><div id="a155538" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;color:#000000;left:102.55px;top:102.4px;">1</div><div id="a155541_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:211.39px;top:101.7px;">0.2</div><div id="a155544_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:260.124px;top:101.7px;">37.7</div><div id="a155547_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:317.857px;top:101.7px;">0.0</div><div id="a155550_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.124px;top:101.7px;">34.6</div><div id="a155553_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:414.39px;top:101.7px;">792.7</div><div id="a155557_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:475.897px;top:101.7px;">0.1</div><div id="a155560_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:518.964px;top:101.7px;">29.4</div><div id="a155563_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:571.964px;top:101.7px;">0.2</div><div id="a155566_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:615.03px;top:101.7px;">28.6</div><div id="a155569_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:658.097px;top:101.7px;">443.6</div><div id="a155572" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:116.4px;">of which: swaps (OTC) </div><div id="a155576_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:206.657px;top:116.4px;">25.2</div><div id="a155579_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:255.404px;top:116.4px;">326.1</div><div id="a155582_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:313.124px;top:116.4px;">19.8</div><div id="a155585_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:361.39px;top:116.4px;">281.0</div><div id="a155588_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:407.297px;top:116.4px;">9,728.6</div><div id="a155592_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:470.697px;top:116.4px;">26.4</div><div id="a155595_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:514.23px;top:116.4px;">394.3</div><div id="a155598_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:566.764px;top:116.4px;">19.2</div><div id="a155601_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:610.297px;top:116.4px;">344.1</div><div id="a155604_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:650.964px;top:116.4px;">7,549.4</div><div id="a155607" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:130.6px;">of which: options (OTC) </div><div id="a155610_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:206.657px;top:130.6px;">14.2</div><div id="a155613_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:255.404px;top:130.6px;">687.5</div><div id="a155616_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:313.124px;top:130.6px;">17.5</div><div id="a155619_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:361.39px;top:130.6px;">705.0</div><div id="a155624_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:475.897px;top:130.6px;">6.6</div><div id="a155627_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:514.23px;top:130.6px;">545.2</div><div id="a155630_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:571.964px;top:130.6px;">9.2</div><div id="a155633_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:610.297px;top:130.6px;">553.6</div><div id="a155637" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:144.8px;">of which: futures (ETD) </div><div id="a155644_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:414.39px;top:144.8px;">606.3</div><div id="a155652_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:658.097px;top:144.8px;">525.0</div><div id="a155655" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:159.4px;">of which: options (ETD) </div><div id="a155658_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:211.39px;top:159.4px;">0.0</div><div id="a155661_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:264.857px;top:159.4px;">6.1</div><div id="a155664_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:317.857px;top:159.4px;">0.0</div><div id="a155667_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:370.857px;top:159.4px;">2.2</div><div id="a155670_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:414.39px;top:159.4px;">127.7</div><div id="a155674_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:475.897px;top:159.4px;">0.0</div><div id="a155677_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:518.964px;top:159.4px;">22.4</div><div id="a155680_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:571.964px;top:159.4px;">0.0</div><div id="a155683_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:615.03px;top:159.4px;">16.8</div><div id="a155686_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:658.097px;top:159.4px;">157.1</div><div id="a155689" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:174.1px;">Credit derivative contracts </div><div id="a155692_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:211.39px;top:174.1px;">1.0</div><div id="a155695_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:260.124px;top:174.1px;">36.8</div><div id="a155698_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:317.857px;top:174.1px;">1.2</div><div id="a155701_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.124px;top:174.1px;">37.1</div><div id="a155706_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:475.897px;top:174.1px;">1.4</div><div id="a155709_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:518.964px;top:174.1px;">44.7</div><div id="a155712_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.964px;top:174.1px;">1.8</div><div id="a155715_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:615.03px;top:174.1px;">46.3</div><div id="a155719" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:189.3px;">of which: credit default swaps (OTC) </div><div id="a155722_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:211.39px;top:189.3px;">0.9</div><div id="a155725_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:260.124px;top:189.3px;">34.2</div><div id="a155728_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:317.857px;top:189.3px;">1.0</div><div id="a155731_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.124px;top:189.3px;">36.8</div><div id="a155736_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:475.897px;top:189.3px;">1.3</div><div id="a155739_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:518.964px;top:189.3px;">39.4</div><div id="a155742_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:571.964px;top:189.3px;">1.6</div><div id="a155745_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:615.03px;top:189.3px;">44.1</div><div id="a155749" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:203.4px;">of which: total return swaps (OTC) </div><div id="a155752_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:211.39px;top:203.4px;">0.1</div><div id="a155755_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:264.857px;top:203.4px;">0.9</div><div id="a155758_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:317.857px;top:203.4px;">0.2</div><div id="a155761_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:370.857px;top:203.4px;">0.3</div><div id="a155766_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:475.897px;top:203.4px;">0.1</div><div id="a155769_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:524.164px;top:203.4px;">1.3</div><div id="a155772_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:571.964px;top:203.4px;">0.2</div><div id="a155775_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:620.23px;top:203.4px;">1.7</div><div id="a155779" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:218.1px;">Foreign exchange contracts </div><div id="a155782_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:206.657px;top:218.1px;">85.5</div><div id="a155785_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:248.31px;top:218.1px;">3,087.3</div><div id="a155788_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:313.124px;top:218.1px;">88.5</div><div id="a155791_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:354.297px;top:218.1px;">2,992.7</div><div id="a155794_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:419.124px;top:218.1px;">40.1</div><div id="a155798_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:470.697px;top:218.1px;">53.3</div><div id="a155801_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:507.137px;top:218.1px;">3,031.0</div><div id="a155804_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.764px;top:218.1px;">54.1</div><div id="a155807_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:603.204px;top:218.1px;">2,938.8</div><div id="a155810_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.03px;top:218.1px;">1.2</div><div id="a155813" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:233.7px;">of which: forwards (OTC) </div><div id="a155816_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:206.657px;top:233.7px;">26.5</div><div id="a155819_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:255.404px;top:233.7px;">853.6</div><div id="a155822_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:313.124px;top:233.7px;">28.6</div><div id="a155825_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:361.39px;top:233.7px;">910.2</div><div id="a155830_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:470.697px;top:233.7px;">23.8</div><div id="a155833_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:507.137px;top:233.7px;">1,009.1</div><div id="a155836_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:566.764px;top:233.7px;">23.8</div><div id="a155839_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:603.204px;top:233.7px;">1,043.2</div><div id="a155843" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:247.9px;">of which: swaps (OTC) </div><div id="a155846_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:206.657px;top:248.9px;">49.6</div><div id="a155849_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:248.31px;top:248.9px;">1,679.3</div><div id="a155852_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:313.124px;top:248.9px;">50.4</div><div id="a155855_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:354.297px;top:248.9px;">1,553.7</div><div id="a155858_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:419.124px;top:248.9px;">38.4</div><div id="a155862_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:470.697px;top:248.9px;">24.3</div><div id="a155865_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:507.137px;top:248.9px;">1,606.4</div><div id="a155868_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:566.764px;top:248.9px;">24.9</div><div id="a155871_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:603.204px;top:248.9px;">1,480.3</div><div id="a155875" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:262.1px;">of which: options (OTC) </div><div id="a155878_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:211.39px;top:262.1px;">9.3</div><div id="a155881_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:255.404px;top:262.1px;">551.6</div><div id="a155884_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:317.857px;top:262.1px;">9.2</div><div id="a155887_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:361.39px;top:262.1px;">521.6</div><div id="a155892_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:475.897px;top:262.1px;">5.2</div><div id="a155895_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:514.23px;top:262.1px;">412.6</div><div id="a155898_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:571.964px;top:262.1px;">5.3</div><div id="a155901_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:610.297px;top:262.1px;">408.6</div><div id="a155905" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:276.8px;">Equity contracts </div><div id="a155908_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:206.657px;top:276.8px;">22.2</div><div id="a155911_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:255.404px;top:276.8px;">384.5</div><div id="a155914_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:313.124px;top:276.8px;">26.1</div><div id="a155917_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:361.39px;top:276.8px;">501.3</div><div id="a155920_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:419.124px;top:276.8px;">63.4</div><div id="a155924_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:470.697px;top:276.8px;">28.2</div><div id="a155927_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:514.23px;top:276.8px;">456.9</div><div id="a155930_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.764px;top:276.8px;">34.9</div><div id="a155933_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:610.297px;top:276.8px;">603.9</div><div id="a155936_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:662.817px;top:276.8px;">80.1</div><div id="a155939" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:292.4px;">of which: swaps (OTC) </div><div id="a155942_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:211.39px;top:292.4px;">5.3</div><div id="a155945_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:260.124px;top:292.4px;">95.5</div><div id="a155948_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:317.857px;top:292.4px;">6.6</div><div id="a155951_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:361.39px;top:292.4px;">122.0</div><div id="a155956_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:475.897px;top:292.4px;">4.7</div><div id="a155959_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:514.23px;top:292.4px;">105.7</div><div id="a155962_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:571.964px;top:292.4px;">9.3</div><div id="a155965_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:610.297px;top:292.4px;">154.8</div><div id="a155969" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:306.6px;">of which: options (OTC) </div><div id="a155972_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:211.39px;top:306.6px;">2.8</div><div id="a155975_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:260.124px;top:306.6px;">51.6</div><div id="a155978_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:317.857px;top:306.6px;">4.4</div><div id="a155981_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.124px;top:306.6px;">89.0</div><div id="a155986_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:475.897px;top:306.6px;">4.6</div><div id="a155989_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:518.964px;top:306.6px;">61.4</div><div id="a155992_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:571.964px;top:306.6px;">6.5</div><div id="a155995_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:610.297px;top:306.6px;">102.3</div><div id="a155999" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:320.8px;">of which: futures (ETD) </div><div id="a156006_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:419.124px;top:320.8px;">52.2</div><div id="a156014_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:662.817px;top:320.8px;">71.2</div><div id="a156017" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:335.5px;">of which: options (ETD) </div><div id="a156020_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:211.39px;top:335.5px;">9.0</div><div id="a156023_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:255.404px;top:335.5px;">237.0</div><div id="a156026_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:317.857px;top:335.5px;">8.1</div><div id="a156029_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:361.39px;top:335.5px;">289.7</div><div id="a156032_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:419.124px;top:335.5px;">11.2</div><div id="a156036_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:470.697px;top:335.5px;">10.2</div><div id="a156039_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:514.23px;top:335.5px;">289.6</div><div id="a156042_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:571.964px;top:335.5px;">9.8</div><div id="a156045_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:610.297px;top:335.5px;">346.3</div><div id="a156048_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:668.03px;top:335.5px;">8.8</div><div id="a156051" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:349.6px;">of which: client-cleared transactions (ETD) </div><div id="a156056_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:211.39px;top:349.6px;">5.1</div><div id="a156060_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:317.857px;top:349.6px;">7.0</div><div id="a156066_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:475.897px;top:349.6px;">8.6</div><div id="a156070_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:571.964px;top:349.6px;">9.4</div><div id="a156075" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:364.3px;">Commodity contracts </div><div id="a156078_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:211.39px;top:364.3px;">1.4</div><div id="a156081_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:260.124px;top:364.3px;">68.1</div><div id="a156084_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:317.857px;top:364.3px;">1.4</div><div id="a156087_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.124px;top:364.3px;">64.2</div><div id="a156090_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:419.124px;top:364.3px;">17.6</div><div id="a156094_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:475.897px;top:364.3px;">1.6</div><div id="a156097_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:518.964px;top:364.3px;">57.8</div><div id="a156100_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.964px;top:364.3px;">1.6</div><div id="a156103_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:615.03px;top:364.3px;">56.4</div><div id="a156106_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:662.817px;top:364.3px;">14.7</div><div id="a156109" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:379.9px;">of which: swaps (OTC) </div><div id="a156112_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:211.39px;top:379.9px;">0.5</div><div id="a156115_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:260.124px;top:379.9px;">19.3</div><div id="a156118_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:317.857px;top:379.9px;">0.7</div><div id="a156121_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.124px;top:379.9px;">19.3</div><div id="a156126_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:475.897px;top:379.9px;">0.5</div><div id="a156129_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:518.964px;top:379.9px;">19.9</div><div id="a156132_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:571.964px;top:379.9px;">0.8</div><div id="a156135_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:615.03px;top:379.9px;">25.4</div><div id="a156139" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:394.1px;">of which: options (OTC) </div><div id="a156142_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:211.39px;top:394.1px;">0.4</div><div id="a156145_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:260.124px;top:394.1px;">15.8</div><div id="a156148_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:317.857px;top:394.1px;">0.3</div><div id="a156151_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.124px;top:394.1px;">13.3</div><div id="a156156_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:475.897px;top:394.1px;">0.4</div><div id="a156159_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:518.964px;top:394.1px;">14.0</div><div id="a156162_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:571.964px;top:394.1px;">0.2</div><div id="a156165_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:615.03px;top:394.1px;">10.4</div><div id="a156169" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:409.3px;">of which: futures (ETD) </div><div id="a156176_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:419.124px;top:409.3px;">16.4</div><div id="a156184_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:662.817px;top:409.3px;">13.9</div><div id="a156187" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:425.8px;">of which: forwards<div style="display:inline-block;width:5.28px"> </div>(ETD) </div><div id="a156190_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:211.39px;top:425.8px;">0.0</div><div id="a156193_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:260.124px;top:425.8px;">24.5</div><div id="a156196_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:317.857px;top:425.8px;">0.0</div><div id="a156199_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.124px;top:425.8px;">23.2</div><div id="a156204_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:475.897px;top:425.8px;">0.0</div><div id="a156207_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:518.964px;top:425.8px;">18.1</div><div id="a156210_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:571.964px;top:425.8px;">0.0</div><div id="a156213_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:615.03px;top:425.8px;">15.2</div><div id="a156217" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:441.9px;">of which: client-cleared transactions (ETD) </div><div id="a156222_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:211.39px;top:441.9px;">0.2</div><div id="a156226_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:317.857px;top:441.9px;">0.3</div><div id="a156232_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:475.897px;top:441.9px;">0.6</div><div id="a156236_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:571.964px;top:441.9px;">0.4</div><div id="a156241" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:456.1px;">Loan commitments<div style="display:inline-block;width:3.04px"> </div></div><div id="a156243" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:467.9px;">measured at FVTPL (OTC) </div><div id="a156246_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:211.39px;top:467.9px;">0.0</div><div id="a156249_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:264.857px;top:467.9px;">0.9</div><div id="a156252_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:317.857px;top:467.9px;">0.0</div><div id="a156255_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:370.857px;top:467.9px;">3.7</div><div id="a156260_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:475.897px;top:467.9px;">0.0</div><div id="a156263_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:524.164px;top:467.9px;">0.8</div><div id="a156266_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.964px;top:467.9px;">0.0</div><div id="a156269_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:620.23px;top:467.9px;">8.2</div><div id="a156273" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:481.2px;">Unsettled purchases of non-derivative </div><div id="a156276" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:493px;">financial instruments</div><div id="a156277" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:78.91px;top:493.6px;">5</div><div id="a156280_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:211.39px;top:493px;">0.1</div><div id="a156283_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:260.124px;top:493px;">12.1</div><div id="a156286_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:317.857px;top:493px;">0.1</div><div id="a156289_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:370.857px;top:493px;">9.4</div><div id="a156294_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:475.897px;top:493px;">0.1</div><div id="a156297_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:518.964px;top:493px;">13.3</div><div id="a156300_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.964px;top:493px;">0.2</div><div id="a156303_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:615.03px;top:493px;">10.6</div><div id="a156307" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:506.2px;">Unsettled sales of non-derivative<div style="display:inline-block;width:3.93px"> </div>financial </div><div id="a156310" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:518.1px;">instruments</div><div id="a156311" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:45.774px;top:518.7px;">5</div><div id="a156314_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:211.39px;top:518.5px;">0.1</div><div id="a156317_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:260.124px;top:518.5px;">13.0</div><div id="a156320_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:317.857px;top:518.5px;">0.0</div><div id="a156323_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.124px;top:518.5px;">10.7</div><div id="a156328_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:475.897px;top:518.5px;">0.2</div><div id="a156331_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:518.964px;top:518.5px;">18.2</div><div id="a156334_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.964px;top:518.5px;">0.1</div><div id="a156337_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:620.23px;top:518.5px;">9.4</div><div id="a156341" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:531.8px;">Total derivative instruments,<div style="display:inline-block;width:4.38px"> </div></div><div id="a156343" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:543.6px;">based on IFRS netting</div><div id="a156344" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:83.164px;top:544.2px;">6</div><div id="a156347_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:201.924px;top:543.6px;">150.1</div><div id="a156350_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:248.31px;top:543.6px;">4,660.1</div><div id="a156353_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:308.39px;top:543.6px;">154.9</div><div id="a156356_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:354.297px;top:543.6px;">4,642.0</div><div id="a156359_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:402.564px;top:543.6px;">11,376.5</div><div id="a156363_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:465.964px;top:543.6px;">118.1</div><div id="a156366_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:507.137px;top:543.6px;">4,614.0</div><div id="a156369_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:562.03px;top:543.6px;">121.3</div><div id="a156372_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:603.204px;top:543.6px;">4,616.6</div><div id="a156375_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:650.964px;top:543.6px;">8,771.1</div><div id="a156378" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:557.7px;">1 Includes certain forward starting repurchase<div style="display:inline-block;width:3.58px"> </div>and reverse repurchase agreements that are classified<div style="display:inline-block;width:3.98px"> </div>as measured at fair value through profit or loss and are recognized<div style="display:inline-block;width:3.59px"> </div>within derivative instruments.<div style="display:inline-block;width:9.43px"> </div>2 In cases where </div><div id="a156381" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:567.6px;">derivative financial<div style="display:inline-block;width:3.77px"> </div>instruments<div style="display:inline-block;width:3.61px"> </div>are presented<div style="display:inline-block;width:4.11px"> </div>on a net<div style="display:inline-block;width:4.11px"> </div>basis on<div style="display:inline-block;width:3.46px"> </div>the bal<div style="display:inline-block;width:1.43px"> </div>ance sheet,<div style="display:inline-block;width:3.64px"> </div>the respective<div style="display:inline-block;width:4.09px"> </div>notional amounts<div style="display:inline-block;width:4.39px"> </div>of the<div style="display:inline-block;width:3.63px"> </div>netted derivative<div style="display:inline-block;width:3.77px"> </div>financial instruments<div style="display:inline-block;width:4.41px"> </div>are still<div style="display:inline-block;width:3.62px"> </div>presented on<div style="display:inline-block;width:3.63px"> </div>a gross<div style="display:inline-block;width:3.94px"> </div>basis.<div style="display:inline-block;width:11.42px"> </div>3 Notional </div><div id="a156386" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:577.6px;">amounts of client-cleared<div style="display:inline-block;width:3.5px"> </div>ETD and OTC<div style="display:inline-block;width:3.7px"> </div>transactions through<div style="display:inline-block;width:3.93px"> </div>central clearing<div style="display:inline-block;width:3.48px"> </div>counterparties are<div style="display:inline-block;width:3.63px"> </div>not disclosed, as they<div style="display:inline-block;width:3.78px"> </div>have significantly<div style="display:inline-block;width:3.62px"> </div>different risk profile.<div style="display:inline-block;width:10.25px"> </div>4 Other notional<div style="display:inline-block;width:3.54px"> </div>amounts relate to<div style="display:inline-block;width:3.93px"> </div>derivatives that are </div><div id="a156392" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:588px;">cleared through either a central<div style="display:inline-block;width:3.65px"> </div>counterparty or an<div style="display:inline-block;width:3.48px"> </div>exchange. The fair<div style="display:inline-block;width:3.5px"> </div>value of these derivatives<div style="display:inline-block;width:4.07px"> </div>is presented on the balance<div style="display:inline-block;width:4.07px"> </div>sheet net of the corresponding<div style="display:inline-block;width:3.81px"> </div>cash margin under<div style="display:inline-block;width:3.64px"> </div>Cash collateral receivables<div style="display:inline-block;width:3.93px"> </div>on derivative </div><div id="a156396" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:597.9px;">instruments and Cash<div style="display:inline-block;width:4.26px"> </div>collateral payables<div style="display:inline-block;width:4.57px"> </div>on derivative<div style="display:inline-block;width:3.44px"> </div>instruments and<div style="display:inline-block;width:3.62px"> </div>was<div style="display:inline-block;width:3.47px"> </div>not material for<div style="display:inline-block;width:3.93px"> </div>any of the<div style="display:inline-block;width:3.95px"> </div>periods presented.<div style="display:inline-block;width:11.77px"> </div>5 Changes<div style="display:inline-block;width:3.49px"> </div>in the fair<div style="display:inline-block;width:3.79px"> </div>value of<div style="display:inline-block;width:3.93px"> </div>purchased and<div style="display:inline-block;width:3.8px"> </div>sold non-derivative<div style="display:inline-block;width:3.79px"> </div>financial instruments </div><div id="a156401" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:608.3px;">between trade date<div style="display:inline-block;width:3.96px"> </div>and settlement<div style="display:inline-block;width:3.47px"> </div>date are recognized<div style="display:inline-block;width:3.8px"> </div>as derivative<div style="display:inline-block;width:3.61px"> </div>financial instruments.<div style="display:inline-block;width:11.2px"> </div>6 Derivative<div style="display:inline-block;width:3.81px"> </div>financial assets and<div style="display:inline-block;width:3.8px"> </div>liabilities are<div style="display:inline-block;width:3.62px"> </div>presented net<div style="display:inline-block;width:3.48px"> </div>on the balance sheet<div style="display:inline-block;width:4.12px"> </div>if UBS AG<div style="display:inline-block;width:3.62px"> </div>has the unconditional<div style="display:inline-block;width:4.1px"> </div>and </div><div id="a156404" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:618.2px;">legally enforceable right<div style="display:inline-block;width:3.51px"> </div>to offset the recognized<div style="display:inline-block;width:3.94px"> </div>amounts, both<div style="display:inline-block;width:3.46px"> </div>in the normal course<div style="display:inline-block;width:4.25px"> </div>of business and in the<div style="display:inline-block;width:3.64px"> </div>event of default,<div style="display:inline-block;width:3.63px"> </div>bankruptcy or insolvency<div style="display:inline-block;width:4.04px"> </div>of the entity and all<div style="display:inline-block;width:3.96px"> </div>of the counterparties,<div style="display:inline-block;width:3.95px"> </div>and intends either<div style="display:inline-block;width:3.64px"> </div>to </div><div id="a156407" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:628.6px;">settle on a net basis or to realize<div style="display:inline-block;width:3.79px"> </div>the asset and settle the liability<div style="display:inline-block;width:3.75px"> </div>simultaneously. Refer<div style="display:inline-block;width:3.53px"> </div>to Note 21 for more<div style="display:inline-block;width:3.41px"> </div>information on netting<div style="display:inline-block;width:3.61px"> </div>arrangements.</div></div></div></div><div id="TextBlockContainer1198" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:144px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a156451" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">On<div style="display:inline-block;width:7.66px"> </div>a<div style="display:inline-block;width:7.57px"> </div>notional<div style="display:inline-block;width:8.07px"> </div>amount<div style="display:inline-block;width:7.43px"> </div>basis,<div style="display:inline-block;width:7.9px"> </div>approximately </div><div id="a156451_42_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:275.099px;top:0px;">46</div><div id="a156451_44_61" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:290.259px;top:0px;">%<div style="display:inline-block;width:7.57px"> </div>of<div style="display:inline-block;width:7.62px"> </div>OTC<div style="display:inline-block;width:7.62px"> </div>interest<div style="display:inline-block;width:7.97px"> </div>rate<div style="display:inline-block;width:7.26px"> </div>contracts<div style="display:inline-block;width:8.1px"> </div>held<div style="display:inline-block;width:7.87px"> </div>as<div style="display:inline-block;width:7.62px"> </div>of<div style="display:inline-block;width:7.3px"> </div>31 December<div style="display:inline-block;width:7.91px"> </div>2022 </div><div id="a156462" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">(31 December 2021: </div><div id="a156462_19_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.946px;top:15.6px;">40</div><div id="a156462_21_27" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:141.606px;top:15.6px;">%) mature within<div style="display:inline-block;width:5.71px"> </div>one year, </div><div id="a156462_48_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:303.978px;top:15.6px;">32</div><div id="a156462_50_21" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:319.099px;top:15.6px;">% (31 December 2021: </div><div id="a156462_71_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:458.232px;top:15.6px;">36</div><div id="a156462_73_32" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:473.365px;top:15.6px;">%) within one<div style="display:inline-block;width:5.12px"> </div>to five years and </div><div id="a156462_105_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:657.925px;top:15.6px;">22</div><div id="a156462_107_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:672.592px;top:15.6px;">% </div><div id="a156475" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">31 December 2021: </div><div id="a156475_18_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:122.245px;top:30.8px;">25</div><div id="a156475_20_22" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.418px;top:30.8px;">%) after five years.<div style="display:inline-block;width:4.08px"> </div></div><div id="a156482" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:53.9px;">Notional amounts of interest rate contracts cleared<div style="display:inline-block;width:5.52px"> </div>through either a central counterparty or an exchange<div style="display:inline-block;width:5.72px"> </div>that are legally </div><div id="a156490" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:69.1px;">settled or economically<div style="display:inline-block;width:5.34px"> </div>net settled<div style="display:inline-block;width:5.28px"> </div>on a<div style="display:inline-block;width:5.24px"> </div>daily basis are<div style="display:inline-block;width:5.48px"> </div>presented under </div><div id="a156493" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:415.645px;top:68.8px;">Other notional amounts</div><div id="a156495" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:552.405px;top:69.1px;"><div style="display:inline-block;width:4.25px"> </div>in the table<div style="display:inline-block;width:5.5px"> </div>above and </div><div id="a156498" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:84.2px;">are categorized into maturity buckets<div style="display:inline-block;width:2.31px"> </div>on the basis of contractual<div style="display:inline-block;width:2.17px"> </div>maturities of the cleared underlying<div style="display:inline-block;width:2.27px"> </div>derivative contracts. </div><div id="a156503" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.3px;">Other notional<div style="display:inline-block;width:6.02px"> </div>amounts<div style="display:inline-block;width:5.08px"> </div>related to<div style="display:inline-block;width:5.86px"> </div>interest rate<div style="display:inline-block;width:5.4px"> </div>contracts increased<div style="display:inline-block;width:6.33px"> </div>by USD </div><div id="a156503_75_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:441.178px;top:99.3px;">2.6</div><div id="a156503_78_36" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:459.622px;top:99.3px;">trn compared<div style="display:inline-block;width:5.77px"> </div>with 31 December<div style="display:inline-block;width:5.84px"> </div>2021, </div><div id="a156512" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:115px;">mainly<div style="display:inline-block;width:6.73px"> </div>reflecting<div style="display:inline-block;width:7.81px"> </div>higher<div style="display:inline-block;width:7.54px"> </div>business<div style="display:inline-block;width:7.27px"> </div>volumes<div style="display:inline-block;width:7.14px"> </div>driven<div style="display:inline-block;width:7.08px"> </div>by<div style="display:inline-block;width:7.09px"> </div>elevated<div style="display:inline-block;width:7.31px"> </div>interest<div style="display:inline-block;width:7.02px"> </div>rate<div style="display:inline-block;width:6.79px"> </div>volatility<div style="display:inline-block;width:7.11px"> </div>and<div style="display:inline-block;width:7.5px"> </div>inflation,<div style="display:inline-block;width:7.34px"> </div>partly<div style="display:inline-block;width:7.16px"> </div>offset<div style="display:inline-block;width:7.12px"> </div>by </div><div id="a156520" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:130.1px;">compression activity.</div></div> <div id="TextBlockContainer1195" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#9A3D37;line-height:normal;width:687px;height:637px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a155420" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:292.79px;top:0px;">31.12.22 </div><div id="a155423" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:546.43px;top:0px;">31.12.21 </div><div id="a155425" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.181px;top:72.4px;">USD bn </div><div id="a155428" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:187.737px;top:49.2px;">Derivative </div><div id="a155430" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.937px;top:61px;">financial </div><div id="a155432" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:201.457px;top:72.4px;">assets </div><div id="a155434" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:245.937px;top:14.2px;">Notional </div><div id="a155435" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:245.47px;top:25.6px;">amounts </div><div id="a155437" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:241.684px;top:37.4px;">related to </div><div id="a155438" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:242.15px;top:49.2px;">derivative </div><div id="a155440" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:246.417px;top:61px;">financial </div><div id="a155441" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:247.83px;top:72.4px;">assets</div><div id="a155442" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:270.057px;top:73px;">2,3</div><div id="a155444" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:294.204px;top:49.2px;">Derivative </div><div id="a155446" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:299.404px;top:61px;">financial </div><div id="a155448" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:297.99px;top:72.4px;">liabilities </div><div id="a155450" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:351.937px;top:14.2px;">Notional </div><div id="a155451" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:351.457px;top:25.6px;">amounts </div><div id="a155453" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:347.684px;top:37.4px;">related to </div><div id="a155454" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:348.15px;top:49.2px;">derivative </div><div id="a155456" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:352.404px;top:61px;">financial </div><div id="a155457" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:343.897px;top:72.4px;">liabilities</div><div id="a155458" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:376.057px;top:73px;">2,3</div><div id="a155460" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:415.337px;top:49.2px;">Other </div><div id="a155461" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:406.35px;top:61px;">notional </div><div id="a155462" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:397.364px;top:72.4px;">amounts</div><div id="a155463" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:429.044px;top:73px;">2,4</div><div id="a155466" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:451.777px;top:49.2px;">Derivative </div><div id="a155468" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:456.977px;top:61px;">financial </div><div id="a155470" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:465.497px;top:72.4px;">assets </div><div id="a155472" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:505.257px;top:14.2px;">Notional </div><div id="a155473" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:504.31px;top:25.6px;">amounts </div><div id="a155475" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:500.99px;top:37.4px;">related to </div><div id="a155476" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:500.99px;top:49.2px;">derivative </div><div id="a155478" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:505.724px;top:61px;">financial </div><div id="a155479" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.67px;top:72.4px;">assets</div><div id="a155480" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:528.417px;top:73px;">2,3</div><div id="a155482" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:547.844px;top:49.2px;">Derivative </div><div id="a155484" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:553.044px;top:61px;">financial </div><div id="a155486" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:552.097px;top:72.4px;">liabilities </div><div id="a155488" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:601.31px;top:14.2px;">Notional </div><div id="a155489" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:600.364px;top:25.6px;">amounts </div><div id="a155491" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:597.03px;top:37.4px;">related to </div><div id="a155492" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:597.03px;top:49.2px;">derivative </div><div id="a155494" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:601.79px;top:61px;">financial </div><div id="a155495" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:592.764px;top:72.4px;">liabilities</div><div id="a155496" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:624.484px;top:73px;">2,3</div><div id="a155498" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:659.044px;top:49.2px;">Other </div><div id="a155499" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:650.017px;top:61px;">notional </div><div id="a155500" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:641.044px;top:72.4px;">amounts</div><div id="a155501" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:672.284px;top:73px;">2,4</div><div id="a155503" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:86.6px;">Interest rate contracts </div><div id="a155506_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:206.657px;top:86.6px;">39.8</div><div id="a155509_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:248.31px;top:86.6px;">1,057.4</div><div id="a155512_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:313.124px;top:86.6px;">37.5</div><div id="a155515_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:354.297px;top:86.6px;">1,022.9</div><div id="a155518_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:402.564px;top:86.6px;">11,255.4</div><div id="a155522_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:470.697px;top:86.6px;">33.2</div><div id="a155525_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:514.23px;top:86.6px;">991.2</div><div id="a155528_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.764px;top:86.6px;">28.7</div><div id="a155531_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:610.297px;top:86.6px;">943.1</div><div id="a155534_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:650.964px;top:86.6px;">8,675.1</div><div id="a155537" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:101.7px;">of which: forwards (OTC)</div><div id="a155538" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;color:#000000;left:102.55px;top:102.4px;">1</div><div id="a155541_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:211.39px;top:101.7px;">0.2</div><div id="a155544_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:260.124px;top:101.7px;">37.7</div><div id="a155547_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:317.857px;top:101.7px;">0.0</div><div id="a155550_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.124px;top:101.7px;">34.6</div><div id="a155553_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:414.39px;top:101.7px;">792.7</div><div id="a155557_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:475.897px;top:101.7px;">0.1</div><div id="a155560_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:518.964px;top:101.7px;">29.4</div><div id="a155563_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:571.964px;top:101.7px;">0.2</div><div id="a155566_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:615.03px;top:101.7px;">28.6</div><div id="a155569_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:658.097px;top:101.7px;">443.6</div><div id="a155572" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:116.4px;">of which: swaps (OTC) </div><div id="a155576_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:206.657px;top:116.4px;">25.2</div><div id="a155579_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:255.404px;top:116.4px;">326.1</div><div id="a155582_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:313.124px;top:116.4px;">19.8</div><div id="a155585_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:361.39px;top:116.4px;">281.0</div><div id="a155588_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:407.297px;top:116.4px;">9,728.6</div><div id="a155592_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:470.697px;top:116.4px;">26.4</div><div id="a155595_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:514.23px;top:116.4px;">394.3</div><div id="a155598_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:566.764px;top:116.4px;">19.2</div><div id="a155601_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:610.297px;top:116.4px;">344.1</div><div id="a155604_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:650.964px;top:116.4px;">7,549.4</div><div id="a155607" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:130.6px;">of which: options (OTC) </div><div id="a155610_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:206.657px;top:130.6px;">14.2</div><div id="a155613_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:255.404px;top:130.6px;">687.5</div><div id="a155616_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:313.124px;top:130.6px;">17.5</div><div id="a155619_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:361.39px;top:130.6px;">705.0</div><div id="a155624_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:475.897px;top:130.6px;">6.6</div><div id="a155627_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:514.23px;top:130.6px;">545.2</div><div id="a155630_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:571.964px;top:130.6px;">9.2</div><div id="a155633_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:610.297px;top:130.6px;">553.6</div><div id="a155637" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:144.8px;">of which: futures (ETD) </div><div id="a155644_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:414.39px;top:144.8px;">606.3</div><div id="a155652_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:658.097px;top:144.8px;">525.0</div><div id="a155655" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:159.4px;">of which: options (ETD) </div><div id="a155658_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:211.39px;top:159.4px;">0.0</div><div id="a155661_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:264.857px;top:159.4px;">6.1</div><div id="a155664_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:317.857px;top:159.4px;">0.0</div><div id="a155667_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:370.857px;top:159.4px;">2.2</div><div id="a155670_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:414.39px;top:159.4px;">127.7</div><div id="a155674_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:475.897px;top:159.4px;">0.0</div><div id="a155677_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:518.964px;top:159.4px;">22.4</div><div id="a155680_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:571.964px;top:159.4px;">0.0</div><div id="a155683_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:615.03px;top:159.4px;">16.8</div><div id="a155686_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:658.097px;top:159.4px;">157.1</div><div id="a155689" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:174.1px;">Credit derivative contracts </div><div id="a155692_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:211.39px;top:174.1px;">1.0</div><div id="a155695_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:260.124px;top:174.1px;">36.8</div><div id="a155698_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:317.857px;top:174.1px;">1.2</div><div id="a155701_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.124px;top:174.1px;">37.1</div><div id="a155706_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:475.897px;top:174.1px;">1.4</div><div id="a155709_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:518.964px;top:174.1px;">44.7</div><div id="a155712_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.964px;top:174.1px;">1.8</div><div id="a155715_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:615.03px;top:174.1px;">46.3</div><div id="a155719" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:189.3px;">of which: credit default swaps (OTC) </div><div id="a155722_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:211.39px;top:189.3px;">0.9</div><div id="a155725_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:260.124px;top:189.3px;">34.2</div><div id="a155728_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:317.857px;top:189.3px;">1.0</div><div id="a155731_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.124px;top:189.3px;">36.8</div><div id="a155736_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:475.897px;top:189.3px;">1.3</div><div id="a155739_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:518.964px;top:189.3px;">39.4</div><div id="a155742_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:571.964px;top:189.3px;">1.6</div><div id="a155745_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:615.03px;top:189.3px;">44.1</div><div id="a155749" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:203.4px;">of which: total return swaps (OTC) </div><div id="a155752_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:211.39px;top:203.4px;">0.1</div><div id="a155755_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:264.857px;top:203.4px;">0.9</div><div id="a155758_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:317.857px;top:203.4px;">0.2</div><div id="a155761_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:370.857px;top:203.4px;">0.3</div><div id="a155766_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:475.897px;top:203.4px;">0.1</div><div id="a155769_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:524.164px;top:203.4px;">1.3</div><div id="a155772_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:571.964px;top:203.4px;">0.2</div><div id="a155775_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:620.23px;top:203.4px;">1.7</div><div id="a155779" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:218.1px;">Foreign exchange contracts </div><div id="a155782_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:206.657px;top:218.1px;">85.5</div><div id="a155785_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:248.31px;top:218.1px;">3,087.3</div><div id="a155788_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:313.124px;top:218.1px;">88.5</div><div id="a155791_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:354.297px;top:218.1px;">2,992.7</div><div id="a155794_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:419.124px;top:218.1px;">40.1</div><div id="a155798_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:470.697px;top:218.1px;">53.3</div><div id="a155801_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:507.137px;top:218.1px;">3,031.0</div><div id="a155804_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.764px;top:218.1px;">54.1</div><div id="a155807_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:603.204px;top:218.1px;">2,938.8</div><div id="a155810_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.03px;top:218.1px;">1.2</div><div id="a155813" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:233.7px;">of which: forwards (OTC) </div><div id="a155816_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:206.657px;top:233.7px;">26.5</div><div id="a155819_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:255.404px;top:233.7px;">853.6</div><div id="a155822_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:313.124px;top:233.7px;">28.6</div><div id="a155825_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:361.39px;top:233.7px;">910.2</div><div id="a155830_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:470.697px;top:233.7px;">23.8</div><div id="a155833_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:507.137px;top:233.7px;">1,009.1</div><div id="a155836_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:566.764px;top:233.7px;">23.8</div><div id="a155839_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:603.204px;top:233.7px;">1,043.2</div><div id="a155843" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:247.9px;">of which: swaps (OTC) </div><div id="a155846_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:206.657px;top:248.9px;">49.6</div><div id="a155849_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:248.31px;top:248.9px;">1,679.3</div><div id="a155852_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:313.124px;top:248.9px;">50.4</div><div id="a155855_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:354.297px;top:248.9px;">1,553.7</div><div id="a155858_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:419.124px;top:248.9px;">38.4</div><div id="a155862_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:470.697px;top:248.9px;">24.3</div><div id="a155865_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:507.137px;top:248.9px;">1,606.4</div><div id="a155868_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:566.764px;top:248.9px;">24.9</div><div id="a155871_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:603.204px;top:248.9px;">1,480.3</div><div id="a155875" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:262.1px;">of which: options (OTC) </div><div id="a155878_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:211.39px;top:262.1px;">9.3</div><div id="a155881_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:255.404px;top:262.1px;">551.6</div><div id="a155884_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:317.857px;top:262.1px;">9.2</div><div id="a155887_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:361.39px;top:262.1px;">521.6</div><div id="a155892_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:475.897px;top:262.1px;">5.2</div><div id="a155895_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:514.23px;top:262.1px;">412.6</div><div id="a155898_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:571.964px;top:262.1px;">5.3</div><div id="a155901_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:610.297px;top:262.1px;">408.6</div><div id="a155905" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:276.8px;">Equity contracts </div><div id="a155908_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:206.657px;top:276.8px;">22.2</div><div id="a155911_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:255.404px;top:276.8px;">384.5</div><div id="a155914_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:313.124px;top:276.8px;">26.1</div><div id="a155917_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:361.39px;top:276.8px;">501.3</div><div id="a155920_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:419.124px;top:276.8px;">63.4</div><div id="a155924_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:470.697px;top:276.8px;">28.2</div><div id="a155927_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:514.23px;top:276.8px;">456.9</div><div id="a155930_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.764px;top:276.8px;">34.9</div><div id="a155933_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:610.297px;top:276.8px;">603.9</div><div id="a155936_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:662.817px;top:276.8px;">80.1</div><div id="a155939" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:292.4px;">of which: swaps (OTC) </div><div id="a155942_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:211.39px;top:292.4px;">5.3</div><div id="a155945_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:260.124px;top:292.4px;">95.5</div><div id="a155948_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:317.857px;top:292.4px;">6.6</div><div id="a155951_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:361.39px;top:292.4px;">122.0</div><div id="a155956_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:475.897px;top:292.4px;">4.7</div><div id="a155959_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:514.23px;top:292.4px;">105.7</div><div id="a155962_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:571.964px;top:292.4px;">9.3</div><div id="a155965_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:610.297px;top:292.4px;">154.8</div><div id="a155969" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:306.6px;">of which: options (OTC) </div><div id="a155972_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:211.39px;top:306.6px;">2.8</div><div id="a155975_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:260.124px;top:306.6px;">51.6</div><div id="a155978_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:317.857px;top:306.6px;">4.4</div><div id="a155981_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.124px;top:306.6px;">89.0</div><div id="a155986_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:475.897px;top:306.6px;">4.6</div><div id="a155989_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:518.964px;top:306.6px;">61.4</div><div id="a155992_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:571.964px;top:306.6px;">6.5</div><div id="a155995_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:610.297px;top:306.6px;">102.3</div><div id="a155999" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:320.8px;">of which: futures (ETD) </div><div id="a156006_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:419.124px;top:320.8px;">52.2</div><div id="a156014_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:662.817px;top:320.8px;">71.2</div><div id="a156017" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:335.5px;">of which: options (ETD) </div><div id="a156020_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:211.39px;top:335.5px;">9.0</div><div id="a156023_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:255.404px;top:335.5px;">237.0</div><div id="a156026_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:317.857px;top:335.5px;">8.1</div><div id="a156029_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:361.39px;top:335.5px;">289.7</div><div id="a156032_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:419.124px;top:335.5px;">11.2</div><div id="a156036_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:470.697px;top:335.5px;">10.2</div><div id="a156039_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:514.23px;top:335.5px;">289.6</div><div id="a156042_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:571.964px;top:335.5px;">9.8</div><div id="a156045_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:610.297px;top:335.5px;">346.3</div><div id="a156048_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:668.03px;top:335.5px;">8.8</div><div id="a156051" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:349.6px;">of which: client-cleared transactions (ETD) </div><div id="a156056_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:211.39px;top:349.6px;">5.1</div><div id="a156060_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:317.857px;top:349.6px;">7.0</div><div id="a156066_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:475.897px;top:349.6px;">8.6</div><div id="a156070_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:571.964px;top:349.6px;">9.4</div><div id="a156075" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:364.3px;">Commodity contracts </div><div id="a156078_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:211.39px;top:364.3px;">1.4</div><div id="a156081_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:260.124px;top:364.3px;">68.1</div><div id="a156084_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:317.857px;top:364.3px;">1.4</div><div id="a156087_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.124px;top:364.3px;">64.2</div><div id="a156090_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:419.124px;top:364.3px;">17.6</div><div id="a156094_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:475.897px;top:364.3px;">1.6</div><div id="a156097_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:518.964px;top:364.3px;">57.8</div><div id="a156100_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.964px;top:364.3px;">1.6</div><div id="a156103_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:615.03px;top:364.3px;">56.4</div><div id="a156106_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:662.817px;top:364.3px;">14.7</div><div id="a156109" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:379.9px;">of which: swaps (OTC) </div><div id="a156112_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:211.39px;top:379.9px;">0.5</div><div id="a156115_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:260.124px;top:379.9px;">19.3</div><div id="a156118_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:317.857px;top:379.9px;">0.7</div><div id="a156121_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.124px;top:379.9px;">19.3</div><div id="a156126_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:475.897px;top:379.9px;">0.5</div><div id="a156129_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:518.964px;top:379.9px;">19.9</div><div id="a156132_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:571.964px;top:379.9px;">0.8</div><div id="a156135_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:615.03px;top:379.9px;">25.4</div><div id="a156139" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:394.1px;">of which: options (OTC) </div><div id="a156142_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:211.39px;top:394.1px;">0.4</div><div id="a156145_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:260.124px;top:394.1px;">15.8</div><div id="a156148_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:317.857px;top:394.1px;">0.3</div><div id="a156151_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.124px;top:394.1px;">13.3</div><div id="a156156_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:475.897px;top:394.1px;">0.4</div><div id="a156159_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:518.964px;top:394.1px;">14.0</div><div id="a156162_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:571.964px;top:394.1px;">0.2</div><div id="a156165_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:615.03px;top:394.1px;">10.4</div><div id="a156169" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:409.3px;">of which: futures (ETD) </div><div id="a156176_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:419.124px;top:409.3px;">16.4</div><div id="a156184_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:662.817px;top:409.3px;">13.9</div><div id="a156187" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:425.8px;">of which: forwards<div style="display:inline-block;width:5.28px"> </div>(ETD) </div><div id="a156190_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:211.39px;top:425.8px;">0.0</div><div id="a156193_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:260.124px;top:425.8px;">24.5</div><div id="a156196_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:317.857px;top:425.8px;">0.0</div><div id="a156199_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.124px;top:425.8px;">23.2</div><div id="a156204_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:475.897px;top:425.8px;">0.0</div><div id="a156207_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:518.964px;top:425.8px;">18.1</div><div id="a156210_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:571.964px;top:425.8px;">0.0</div><div id="a156213_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:615.03px;top:425.8px;">15.2</div><div id="a156217" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:441.9px;">of which: client-cleared transactions (ETD) </div><div id="a156222_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:211.39px;top:441.9px;">0.2</div><div id="a156226_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:317.857px;top:441.9px;">0.3</div><div id="a156232_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:475.897px;top:441.9px;">0.6</div><div id="a156236_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:571.964px;top:441.9px;">0.4</div><div id="a156241" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:456.1px;">Loan commitments<div style="display:inline-block;width:3.04px"> </div></div><div id="a156243" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:467.9px;">measured at FVTPL (OTC) </div><div id="a156246_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:211.39px;top:467.9px;">0.0</div><div id="a156249_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:264.857px;top:467.9px;">0.9</div><div id="a156252_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:317.857px;top:467.9px;">0.0</div><div id="a156255_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:370.857px;top:467.9px;">3.7</div><div id="a156260_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:475.897px;top:467.9px;">0.0</div><div id="a156263_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:524.164px;top:467.9px;">0.8</div><div id="a156266_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.964px;top:467.9px;">0.0</div><div id="a156269_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:620.23px;top:467.9px;">8.2</div><div id="a156273" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:481.2px;">Unsettled purchases of non-derivative </div><div id="a156276" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:493px;">financial instruments</div><div id="a156277" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:78.91px;top:493.6px;">5</div><div id="a156280_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:211.39px;top:493px;">0.1</div><div id="a156283_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:260.124px;top:493px;">12.1</div><div id="a156286_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:317.857px;top:493px;">0.1</div><div id="a156289_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:370.857px;top:493px;">9.4</div><div id="a156294_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:475.897px;top:493px;">0.1</div><div id="a156297_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:518.964px;top:493px;">13.3</div><div id="a156300_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.964px;top:493px;">0.2</div><div id="a156303_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:615.03px;top:493px;">10.6</div><div id="a156307" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:506.2px;">Unsettled sales of non-derivative<div style="display:inline-block;width:3.93px"> </div>financial </div><div id="a156310" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:518.1px;">instruments</div><div id="a156311" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:45.774px;top:518.7px;">5</div><div id="a156314_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:211.39px;top:518.5px;">0.1</div><div id="a156317_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:260.124px;top:518.5px;">13.0</div><div id="a156320_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:317.857px;top:518.5px;">0.0</div><div id="a156323_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.124px;top:518.5px;">10.7</div><div id="a156328_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:475.897px;top:518.5px;">0.2</div><div id="a156331_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:518.964px;top:518.5px;">18.2</div><div id="a156334_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.964px;top:518.5px;">0.1</div><div id="a156337_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:620.23px;top:518.5px;">9.4</div><div id="a156341" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:531.8px;">Total derivative instruments,<div style="display:inline-block;width:4.38px"> </div></div><div id="a156343" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:543.6px;">based on IFRS netting</div><div id="a156344" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:83.164px;top:544.2px;">6</div><div id="a156347_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:201.924px;top:543.6px;">150.1</div><div id="a156350_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:248.31px;top:543.6px;">4,660.1</div><div id="a156353_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:308.39px;top:543.6px;">154.9</div><div id="a156356_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:354.297px;top:543.6px;">4,642.0</div><div id="a156359_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:402.564px;top:543.6px;">11,376.5</div><div id="a156363_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:465.964px;top:543.6px;">118.1</div><div id="a156366_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:507.137px;top:543.6px;">4,614.0</div><div id="a156369_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:562.03px;top:543.6px;">121.3</div><div id="a156372_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:603.204px;top:543.6px;">4,616.6</div><div id="a156375_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:650.964px;top:543.6px;">8,771.1</div><div id="a156378" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:557.7px;">1 Includes certain forward starting repurchase<div style="display:inline-block;width:3.58px"> </div>and reverse repurchase agreements that are classified<div style="display:inline-block;width:3.98px"> </div>as measured at fair value through profit or loss and are recognized<div style="display:inline-block;width:3.59px"> </div>within derivative instruments.<div style="display:inline-block;width:9.43px"> </div>2 In cases where </div><div id="a156381" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:567.6px;">derivative financial<div style="display:inline-block;width:3.77px"> </div>instruments<div style="display:inline-block;width:3.61px"> </div>are presented<div style="display:inline-block;width:4.11px"> </div>on a net<div style="display:inline-block;width:4.11px"> </div>basis on<div style="display:inline-block;width:3.46px"> </div>the bal<div style="display:inline-block;width:1.43px"> </div>ance sheet,<div style="display:inline-block;width:3.64px"> </div>the respective<div style="display:inline-block;width:4.09px"> </div>notional amounts<div style="display:inline-block;width:4.39px"> </div>of the<div style="display:inline-block;width:3.63px"> </div>netted derivative<div style="display:inline-block;width:3.77px"> </div>financial instruments<div style="display:inline-block;width:4.41px"> </div>are still<div style="display:inline-block;width:3.62px"> </div>presented on<div style="display:inline-block;width:3.63px"> </div>a gross<div style="display:inline-block;width:3.94px"> </div>basis.<div style="display:inline-block;width:11.42px"> </div>3 Notional </div><div id="a156386" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:577.6px;">amounts of client-cleared<div style="display:inline-block;width:3.5px"> </div>ETD and OTC<div style="display:inline-block;width:3.7px"> </div>transactions through<div style="display:inline-block;width:3.93px"> </div>central clearing<div style="display:inline-block;width:3.48px"> </div>counterparties are<div style="display:inline-block;width:3.63px"> </div>not disclosed, as they<div style="display:inline-block;width:3.78px"> </div>have significantly<div style="display:inline-block;width:3.62px"> </div>different risk profile.<div style="display:inline-block;width:10.25px"> </div>4 Other notional<div style="display:inline-block;width:3.54px"> </div>amounts relate to<div style="display:inline-block;width:3.93px"> </div>derivatives that are </div><div id="a156392" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:588px;">cleared through either a central<div style="display:inline-block;width:3.65px"> </div>counterparty or an<div style="display:inline-block;width:3.48px"> </div>exchange. The fair<div style="display:inline-block;width:3.5px"> </div>value of these derivatives<div style="display:inline-block;width:4.07px"> </div>is presented on the balance<div style="display:inline-block;width:4.07px"> </div>sheet net of the corresponding<div style="display:inline-block;width:3.81px"> </div>cash margin under<div style="display:inline-block;width:3.64px"> </div>Cash collateral receivables<div style="display:inline-block;width:3.93px"> </div>on derivative </div><div id="a156396" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:597.9px;">instruments and Cash<div style="display:inline-block;width:4.26px"> </div>collateral payables<div style="display:inline-block;width:4.57px"> </div>on derivative<div style="display:inline-block;width:3.44px"> </div>instruments and<div style="display:inline-block;width:3.62px"> </div>was<div style="display:inline-block;width:3.47px"> </div>not material for<div style="display:inline-block;width:3.93px"> </div>any of the<div style="display:inline-block;width:3.95px"> </div>periods presented.<div style="display:inline-block;width:11.77px"> </div>5 Changes<div style="display:inline-block;width:3.49px"> </div>in the fair<div style="display:inline-block;width:3.79px"> </div>value of<div style="display:inline-block;width:3.93px"> </div>purchased and<div style="display:inline-block;width:3.8px"> </div>sold non-derivative<div style="display:inline-block;width:3.79px"> </div>financial instruments </div><div id="a156401" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:608.3px;">between trade date<div style="display:inline-block;width:3.96px"> </div>and settlement<div style="display:inline-block;width:3.47px"> </div>date are recognized<div style="display:inline-block;width:3.8px"> </div>as derivative<div style="display:inline-block;width:3.61px"> </div>financial instruments.<div style="display:inline-block;width:11.2px"> </div>6 Derivative<div style="display:inline-block;width:3.81px"> </div>financial assets and<div style="display:inline-block;width:3.8px"> </div>liabilities are<div style="display:inline-block;width:3.62px"> </div>presented net<div style="display:inline-block;width:3.48px"> </div>on the balance sheet<div style="display:inline-block;width:4.12px"> </div>if UBS AG<div style="display:inline-block;width:3.62px"> </div>has the unconditional<div style="display:inline-block;width:4.1px"> </div>and </div><div id="a156404" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:618.2px;">legally enforceable right<div style="display:inline-block;width:3.51px"> </div>to offset the recognized<div style="display:inline-block;width:3.94px"> </div>amounts, both<div style="display:inline-block;width:3.46px"> </div>in the normal course<div style="display:inline-block;width:4.25px"> </div>of business and in the<div style="display:inline-block;width:3.64px"> </div>event of default,<div style="display:inline-block;width:3.63px"> </div>bankruptcy or insolvency<div style="display:inline-block;width:4.04px"> </div>of the entity and all<div style="display:inline-block;width:3.96px"> </div>of the counterparties,<div style="display:inline-block;width:3.95px"> </div>and intends either<div style="display:inline-block;width:3.64px"> </div>to </div><div id="a156407" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:628.6px;">settle on a net basis or to realize<div style="display:inline-block;width:3.79px"> </div>the asset and settle the liability<div style="display:inline-block;width:3.75px"> </div>simultaneously. Refer<div style="display:inline-block;width:3.53px"> </div>to Note 21 for more<div style="display:inline-block;width:3.41px"> </div>information on netting<div style="display:inline-block;width:3.61px"> </div>arrangements.</div></div> 39800000000 1057400000000 37500000000 1022900000000 11255400000000 33200000000 991200000000 28700000000 943100000000 8675100000000 200000000 37700000000 0.0 34600000000 792700000000 100000000 29400000000 200000000 28600000000 443600000000 25200000000 326100000000 19800000000 281000000000.0 9728600000000 26400000000 394300000000 19200000000 344100000000 7549400000000 14200000000 687500000000 17500000000 705000000000.0 6600000000 545200000000 9200000000 553600000000 606300000000 525000000000.0 0.0 6100000000 0.0 2200000000 127700000000 0.0 22400000000 0.0 16800000000 157100000000 1000000000.0 36800000000 1200000000 37100000000 1400000000 44700000000 1800000000 46300000000 900000000 34200000000 1000000000.0 36800000000 1300000000 39400000000 1600000000 44100000000 100000000 900000000 200000000 300000000 100000000 1300000000 200000000 1700000000 85500000000 3087300000000 88500000000 2992700000000 40100000000 53300000000 3031000000000.0 54100000000 2938800000000 1200000000 26500000000 853600000000 28600000000 910200000000 23800000000 1009100000000 23800000000 1043200000000 49600000000 1679300000000 50400000000 1553700000000 38400000000 24300000000 1606400000000 24900000000 1480300000000 9300000000 551600000000 9200000000 521600000000 5200000000 412600000000 5300000000 408600000000 22200000000 384500000000 26100000000 501300000000 63400000000 28200000000 456900000000 34900000000 603900000000 80100000000 5300000000 95500000000 6600000000 122000000000.0 4700000000 105700000000 9300000000 154800000000 2800000000 51600000000 4400000000 89000000000.0 4600000000 61400000000 6500000000 102300000000 52200000000 71200000000 9000000000.0 237000000000.0 8100000000 289700000000 11200000000 10200000000 289600000000 9800000000 346300000000 8800000000 5100000000 7000000000.0 8600000000 9400000000 1400000000 68100000000 1400000000 64200000000 17600000000 1600000000 57800000000 1600000000 56400000000 14700000000 500000000 19300000000 700000000 19300000000 500000000 19900000000 800000000 25400000000 400000000 15800000000 300000000 13300000000 400000000 14000000000.0 200000000 10400000000 16400000000 13900000000 0.0 24500000000 0.0 23200000000 0.0 18100000000 0.0 15200000000 200000000 300000000 600000000 400000000 0.0 900000000 0.0 3700000000 0.0 800000000 0.0 8200000000 100000000 12100000000 100000000 9400000000 100000000 13300000000 200000000 10600000000 100000000 13000000000.0 0.0 10700000000 200000000 18200000000 100000000 9400000000 150100000000 4660100000000 154900000000 4642000000000.0 11376500000000 118100000000 4614000000000.0 121300000000 4616600000000 8771100000000 0.46 0.40 0.32 0.36 0.22 0.25 2600000000000 <div id="TextBlockContainer1200" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:287px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a156527" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 11<div style="display:inline-block;width:8.21px"> </div>Property, equipment and software</div></div><div id="TextBlockContainer1203" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:432px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a156530" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">At historical cost less accumulated depreciation </div><div id="a156532" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:50.3px;">USD m </div><div id="a156534" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:312.208px;top:26.6px;">Owned </div><div id="a156535" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:286.195px;top:38.5px;">properties and </div><div id="a156536" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:297.075px;top:50.3px;">equipment</div><div id="a156537" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:335.848px;top:50.9px;">1</div><div id="a156539" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:382.222px;top:26.6px;">Leased </div><div id="a156540" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:354.328px;top:38.5px;">properties and </div><div id="a156541" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:365.195px;top:50.3px;">equipment</div><div id="a156542" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:404.008px;top:50.9px;">2</div><div id="a156544" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:442.342px;top:50.3px;">Software </div><div id="a156546" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:505.275px;top:38.5px;">Projects in </div><div id="a156547" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:511.902px;top:50.3px;">progress </div><div id="a156549" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:50.3px;">2022</div><div id="a156550" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:607.955px;top:50.9px;">3</div><div id="a156552" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:50.3px;">2021</div><div id="a156553" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:675.622px;top:50.9px;">3</div><div id="a156555" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:64px;">Historical cost </div><div id="a156563" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:80.6px;">Balance at the beginning of the year </div><div id="a156565_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:312.208px;top:80.6px;">11,494</div><div id="a156568_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:385.062px;top:80.6px;">3,994</div><div id="a156571_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:452.755px;top:80.6px;">7,924</div><div id="a156574_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:520.875px;top:80.6px;">1,130</div><div id="a156577_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.288px;top:80.6px;">24,542</div><div id="a156580_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:652.448px;top:80.6px;">23,785</div><div id="a156583" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:96.2px;">Additions </div><div id="a156585_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.395px;top:96.2px;">90</div><div id="a156587" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:335.848px;top:96.8px;">1 </div><div id="a156589_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.182px;top:96.2px;">380</div><div id="a156592_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:459.848px;top:96.2px;">330</div><div id="a156595_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:520.875px;top:96.2px;">1,059</div><div id="a156598_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.008px;top:96.2px;">1,859</div><div id="a156601_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:657.168px;top:96.2px;">1,789</div><div id="a156604" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:112.3px;">Disposals / write-offs</div><div id="a156607" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:79.408px;top:112.9px;">4</div><div id="a156609_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:319.302px;top:112.3px;display:flex;">(284)</div><div id="a156612_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.182px;top:112.3px;display:flex;">(48)</div><div id="a156615_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:459.848px;top:112.3px;display:flex;">(81)</div><div id="a156618_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:537.902px;top:112.3px;">0</div><div id="a156621_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:112.3px;display:flex;">(414)</div><div id="a156624_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:659.542px;top:112.3px;display:flex;">(632)</div><div id="a156627" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:128.8px;">Reclassifications </div><div id="a156629_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:319.302px;top:128.8px;display:flex;">(796)</div><div id="a156632_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:402.115px;top:128.8px;">0</div><div id="a156635_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:452.755px;top:128.8px;">1,052</div><div id="a156638_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:515.675px;top:128.8px;display:flex;">(1,150)</div><div id="a156641_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:128.8px;display:flex;">(894)</div><div id="a156644_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:664.262px;top:128.8px;display:flex;">(18)</div><div id="a156647" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:144.9px;">Foreign currency translation </div><div id="a156649_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:319.302px;top:144.9px;display:flex;">(152)</div><div id="a156652_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.182px;top:144.9px;display:flex;">(50)</div><div id="a156655_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:464.568px;top:144.9px;display:flex;">(5)</div><div id="a156658_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:537.902px;top:144.9px;">7</div><div id="a156661_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:144.9px;display:flex;">(200)</div><div id="a156664_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:659.542px;top:144.9px;display:flex;">(381)</div><div id="a156667" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:161.5px;">Balance at the end of the year </div><div id="a156669_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:312.208px;top:161.5px;">10,352</div><div id="a156672_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:385.062px;top:161.5px;">4,275</div><div id="a156675_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:452.755px;top:161.5px;">9,220</div><div id="a156678_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:520.875px;top:161.5px;">1,046</div><div id="a156681_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.288px;top:161.5px;">24,893</div><div id="a156684_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:652.448px;top:161.5px;">24,542</div><div id="a156687" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:178px;">Accumulated depreciation </div><div id="a156695" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:194.6px;">Balance at the beginning of the year </div><div id="a156697_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:316.928px;top:194.6px;">7,178</div><div id="a156700_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:385.062px;top:194.6px;">1,272</div><div id="a156703_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:452.755px;top:194.6px;">4,380</div><div id="a156707_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.288px;top:194.6px;">12,830</div><div id="a156710_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:652.448px;top:194.6px;">11,827</div><div id="a156713" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:210.7px;">Depreciation </div><div id="a156715_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:324.022px;top:210.7px;">463</div><div id="a156718_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.182px;top:210.7px;">430</div><div id="a156721_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:459.848px;top:210.7px;">926</div><div id="a156725_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.008px;top:210.7px;">1,819</div><div id="a156728_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:657.168px;top:210.7px;">1,835</div><div id="a156731" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:227.3px;">Impairment</div><div id="a156732" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:44.854px;top:227.9px;">5</div><div id="a156734_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:333.955px;top:227.3px;">2</div><div id="a156737_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:402.115px;top:227.3px;">0</div><div id="a156740_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:469.782px;top:227.3px;">0</div><div id="a156744_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:606.062px;top:227.3px;">2</div><div id="a156747_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:674.195px;top:227.3px;">9</div><div id="a156750" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:243.3px;">Disposals / write-offs</div><div id="a156753" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:79.408px;top:244px;">4</div><div id="a156755_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:319.302px;top:243.3px;display:flex;">(283)</div><div id="a156758_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.182px;top:243.3px;display:flex;">(45)</div><div id="a156761_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:459.848px;top:243.3px;display:flex;">(81)</div><div id="a156765_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:243.3px;display:flex;">(410)</div><div id="a156768_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:659.542px;top:243.3px;display:flex;">(619)</div><div id="a156771" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:259.9px;">Reclassifications </div><div id="a156773_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:319.302px;top:259.9px;display:flex;">(565)</div><div id="a156776_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:396.915px;top:259.9px;display:flex;">(1)</div><div id="a156779_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:469.782px;top:259.9px;">0</div><div id="a156783_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:259.9px;display:flex;">(566)</div><div id="a156786_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:664.262px;top:259.9px;display:flex;">(12)</div><div id="a156789" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:276px;">Foreign currency translation </div><div id="a156791_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:324.022px;top:276px;display:flex;">(98)</div><div id="a156794_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.182px;top:276px;display:flex;">(18)</div><div id="a156797_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:465.048px;top:276px;">17</div><div id="a156801_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.582px;top:276px;display:flex;">(99)</div><div id="a156804_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:659.542px;top:276px;display:flex;">(210)</div><div id="a156807" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:292.5px;">Balance at the end of the year </div><div id="a156809_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:316.928px;top:292.5px;">6,697</div><div id="a156812_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:385.062px;top:292.5px;">1,638</div><div id="a156815_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:452.755px;top:292.5px;">5,242</div><div id="a156819_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.288px;top:292.5px;">13,577</div><div id="a156822_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:652.448px;top:292.5px;">12,830</div><div id="a156832" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:324.7px;">Net book value<div style="display:inline-block;width:3.13px"> </div></div><div id="a156840" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:340.8px;">Net book value at the beginning of the year </div><div id="a156842_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:316.928px;top:342.7px;">4,316</div><div id="a156845_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:385.062px;top:342.7px;">2,722</div><div id="a156848_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:452.755px;top:342.7px;">3,544</div><div id="a156851_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:520.875px;top:342.7px;">1,130</div><div id="a156854_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.288px;top:342.7px;">11,712</div><div id="a156857_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:652.448px;top:342.7px;">11,958</div><div id="a156860" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:357.3px;">Net book value at the end of the<div style="display:inline-block;width:3.71px"> </div>year </div><div id="a156862_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:316.928px;top:357.3px;">3,655</div><div id="a156865_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:385.062px;top:357.3px;">2,637</div><div id="a156868_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:452.755px;top:357.3px;">3,978</div><div id="a156871_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:518.048px;top:357.3px;">1,046</div><div id="a156873" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:539.795px;top:358px;">6 </div><div id="a156875_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.288px;top:357.3px;">11,316</div><div id="a156878_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:652.448px;top:357.3px;">11,712</div><div id="a156881" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:372.4px;">1 Includes leasehold improvements and IT hardware.<div style="display:inline-block;width:9.74px"> </div>2 Represents right-<div style="display:inline-block;width:1.34px"> </div>of-use assets recognized by UBS AG as lessee.<div style="display:inline-block;width:3.82px"> </div>UBS AG predominantly enters into<div style="display:inline-block;width:3.45px"> </div>lease contracts, or contracts<div style="display:inline-block;width:3.63px"> </div>that include lease components, </div><div id="a156889" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:382.8px;">in relation to<div style="display:inline-block;width:3.46px"> </div>real estate,<div style="display:inline-block;width:3.8px"> </div>including offices,<div style="display:inline-block;width:4.1px"> </div>retail branches<div style="display:inline-block;width:3.47px"> </div>and sales offices.<div style="display:inline-block;width:4.27px"> </div>The total<div style="display:inline-block;width:3.63px"> </div>cash outflow<div style="display:inline-block;width:3.62px"> </div>for leases<div style="display:inline-block;width:3.78px"> </div>during 2022 was<div style="display:inline-block;width:3.84px"> </div>USD </div><div id="a156889_136_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:424.822px;top:382.8px;">589</div><div id="a156889_139_13" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:437.59px;top:382.8px;">m (2021: USD </div><div id="a156889_152_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:484.915px;top:382.8px;">632</div><div id="a156889_155_61" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:497.683px;top:382.8px;">m). Interest expense<div style="display:inline-block;width:3.79px"> </div>on lease liabilities<div style="display:inline-block;width:4.24px"> </div>is included within </div><div id="a156895" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:392.7px;">Interest expense from<div style="display:inline-block;width:3.78px"> </div>financial instruments<div style="display:inline-block;width:4.41px"> </div>measured at amortized<div style="display:inline-block;width:4.57px"> </div>cost and Lease<div style="display:inline-block;width:4.11px"> </div>liabilities are<div style="display:inline-block;width:3.62px"> </div>included within Other<div style="display:inline-block;width:4.25px"> </div>financial<div style="display:inline-block;width:3.57px"> </div>liabilities measured<div style="display:inline-block;width:3.61px"> </div>at amortized<div style="display:inline-block;width:3.62px"> </div>cost. Refer<div style="display:inline-block;width:3.79px"> </div>to Notes 3<div style="display:inline-block;width:3.94px"> </div>and 18a, respectively.<div style="display:inline-block;width:4.84px"> </div>There </div><div id="a156898" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:403.1px;">were no material<div style="display:inline-block;width:3.94px"> </div>gains or losses<div style="display:inline-block;width:3.61px"> </div>arising from sale<div style="display:inline-block;width:1.51px"> </div>-and-leaseback transactions<div style="display:inline-block;width:4.6px"> </div>in 2022 and in<div style="display:inline-block;width:4.16px"> </div>2021.<div style="display:inline-block;width:9.99px"> </div>3 The total<div style="display:inline-block;width:3.64px"> </div>reclassification<div style="display:inline-block;width:3.46px"> </div>amount for the<div style="display:inline-block;width:3.78px"> </div>respective periods<div style="display:inline-block;width:3.77px"> </div>represents<div style="display:inline-block;width:3.41px"> </div>net reclassifications<div style="display:inline-block;width:3.62px"> </div>to Properties and </div><div id="a156904" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:413.1px;">other non-current assets held for<div style="display:inline-block;width:3.48px"> </div>sale.<div style="display:inline-block;width:8.36px"> </div>4 Includes write-<div style="display:inline-block;width:1.54px"> </div>offs of fully depreciated assets.<div style="display:inline-block;width:9.49px"> </div>5 Impairment charges<div style="display:inline-block;width:3.64px"> </div>recorded in 2022 generally<div style="display:inline-block;width:3.68px"> </div>relate to assets that are no longer<div style="display:inline-block;width:3.8px"> </div>used,<div style="display:inline-block;width:2.11px"> </div>for which the recoverable<div style="display:inline-block;width:3.62px"> </div>amount </div><div id="a156911" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:423.5px;">based on a value in use approach<div style="display:inline-block;width:3.81px"> </div>was determined to<div style="display:inline-block;width:3.46px"> </div>be zero.<div style="display:inline-block;width:8.68px"> </div>6 Consists of USD </div><div id="a156911_81_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:263.942px;top:423.5px;">858</div><div id="a156911_84_30" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:276.71px;top:423.5px;">m related to software and<div style="display:inline-block;width:3.63px"> </div>USD </div><div id="a156911_114_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:375.608px;top:423.5px;">188</div><div id="a156911_117_44" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:388.377px;top:423.5px;">m related to Owned properties<div style="display:inline-block;width:4.09px"> </div>and equipment.</div></div> <div id="TextBlockContainer1204" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:432px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1202_XBRL_TS_891aceb5f6ad4c86a410557f1810dab0" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1203" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:432px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a156530" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">At historical cost less accumulated depreciation </div><div id="a156532" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:50.3px;">USD m </div><div id="a156534" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:312.208px;top:26.6px;">Owned </div><div id="a156535" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:286.195px;top:38.5px;">properties and </div><div id="a156536" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:297.075px;top:50.3px;">equipment</div><div id="a156537" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:335.848px;top:50.9px;">1</div><div id="a156539" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:382.222px;top:26.6px;">Leased </div><div id="a156540" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:354.328px;top:38.5px;">properties and </div><div id="a156541" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:365.195px;top:50.3px;">equipment</div><div id="a156542" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:404.008px;top:50.9px;">2</div><div id="a156544" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:442.342px;top:50.3px;">Software </div><div id="a156546" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:505.275px;top:38.5px;">Projects in </div><div id="a156547" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:511.902px;top:50.3px;">progress </div><div id="a156549" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:50.3px;">2022</div><div id="a156550" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:607.955px;top:50.9px;">3</div><div id="a156552" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:50.3px;">2021</div><div id="a156553" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:675.622px;top:50.9px;">3</div><div id="a156555" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:64px;">Historical cost </div><div id="a156563" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:80.6px;">Balance at the beginning of the year </div><div id="a156565_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:312.208px;top:80.6px;">11,494</div><div id="a156568_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:385.062px;top:80.6px;">3,994</div><div id="a156571_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:452.755px;top:80.6px;">7,924</div><div id="a156574_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:520.875px;top:80.6px;">1,130</div><div id="a156577_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.288px;top:80.6px;">24,542</div><div id="a156580_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:652.448px;top:80.6px;">23,785</div><div id="a156583" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:96.2px;">Additions </div><div id="a156585_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.395px;top:96.2px;">90</div><div id="a156587" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:335.848px;top:96.8px;">1 </div><div id="a156589_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.182px;top:96.2px;">380</div><div id="a156592_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:459.848px;top:96.2px;">330</div><div id="a156595_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:520.875px;top:96.2px;">1,059</div><div id="a156598_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.008px;top:96.2px;">1,859</div><div id="a156601_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:657.168px;top:96.2px;">1,789</div><div id="a156604" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:112.3px;">Disposals / write-offs</div><div id="a156607" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:79.408px;top:112.9px;">4</div><div id="a156609_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:319.302px;top:112.3px;display:flex;">(284)</div><div id="a156612_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.182px;top:112.3px;display:flex;">(48)</div><div id="a156615_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:459.848px;top:112.3px;display:flex;">(81)</div><div id="a156618_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:537.902px;top:112.3px;">0</div><div id="a156621_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:112.3px;display:flex;">(414)</div><div id="a156624_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:659.542px;top:112.3px;display:flex;">(632)</div><div id="a156627" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:128.8px;">Reclassifications </div><div id="a156629_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:319.302px;top:128.8px;display:flex;">(796)</div><div id="a156632_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:402.115px;top:128.8px;">0</div><div id="a156635_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:452.755px;top:128.8px;">1,052</div><div id="a156638_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:515.675px;top:128.8px;display:flex;">(1,150)</div><div id="a156641_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:128.8px;display:flex;">(894)</div><div id="a156644_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:664.262px;top:128.8px;display:flex;">(18)</div><div id="a156647" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:144.9px;">Foreign currency translation </div><div id="a156649_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:319.302px;top:144.9px;display:flex;">(152)</div><div id="a156652_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.182px;top:144.9px;display:flex;">(50)</div><div id="a156655_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:464.568px;top:144.9px;display:flex;">(5)</div><div id="a156658_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:537.902px;top:144.9px;">7</div><div id="a156661_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:144.9px;display:flex;">(200)</div><div id="a156664_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:659.542px;top:144.9px;display:flex;">(381)</div><div id="a156667" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:161.5px;">Balance at the end of the year </div><div id="a156669_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:312.208px;top:161.5px;">10,352</div><div id="a156672_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:385.062px;top:161.5px;">4,275</div><div id="a156675_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:452.755px;top:161.5px;">9,220</div><div id="a156678_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:520.875px;top:161.5px;">1,046</div><div id="a156681_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.288px;top:161.5px;">24,893</div><div id="a156684_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:652.448px;top:161.5px;">24,542</div><div id="a156687" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:178px;">Accumulated depreciation </div><div id="a156695" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:194.6px;">Balance at the beginning of the year </div><div id="a156697_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:316.928px;top:194.6px;">7,178</div><div id="a156700_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:385.062px;top:194.6px;">1,272</div><div id="a156703_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:452.755px;top:194.6px;">4,380</div><div id="a156707_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.288px;top:194.6px;">12,830</div><div id="a156710_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:652.448px;top:194.6px;">11,827</div><div id="a156713" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:210.7px;">Depreciation </div><div id="a156715_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:324.022px;top:210.7px;">463</div><div id="a156718_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.182px;top:210.7px;">430</div><div id="a156721_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:459.848px;top:210.7px;">926</div><div id="a156725_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.008px;top:210.7px;">1,819</div><div id="a156728_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:657.168px;top:210.7px;">1,835</div><div id="a156731" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:227.3px;">Impairment</div><div id="a156732" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:44.854px;top:227.9px;">5</div><div id="a156734_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:333.955px;top:227.3px;">2</div><div id="a156737_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:402.115px;top:227.3px;">0</div><div id="a156740_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:469.782px;top:227.3px;">0</div><div id="a156744_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:606.062px;top:227.3px;">2</div><div id="a156747_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:674.195px;top:227.3px;">9</div><div id="a156750" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:243.3px;">Disposals / write-offs</div><div id="a156753" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:79.408px;top:244px;">4</div><div id="a156755_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:319.302px;top:243.3px;display:flex;">(283)</div><div id="a156758_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.182px;top:243.3px;display:flex;">(45)</div><div id="a156761_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:459.848px;top:243.3px;display:flex;">(81)</div><div id="a156765_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:243.3px;display:flex;">(410)</div><div id="a156768_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:659.542px;top:243.3px;display:flex;">(619)</div><div id="a156771" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:259.9px;">Reclassifications </div><div id="a156773_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:319.302px;top:259.9px;display:flex;">(565)</div><div id="a156776_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:396.915px;top:259.9px;display:flex;">(1)</div><div id="a156779_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:469.782px;top:259.9px;">0</div><div id="a156783_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:259.9px;display:flex;">(566)</div><div id="a156786_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:664.262px;top:259.9px;display:flex;">(12)</div><div id="a156789" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:276px;">Foreign currency translation </div><div id="a156791_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:324.022px;top:276px;display:flex;">(98)</div><div id="a156794_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.182px;top:276px;display:flex;">(18)</div><div id="a156797_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:465.048px;top:276px;">17</div><div id="a156801_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.582px;top:276px;display:flex;">(99)</div><div id="a156804_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:659.542px;top:276px;display:flex;">(210)</div><div id="a156807" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:292.5px;">Balance at the end of the year </div><div id="a156809_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:316.928px;top:292.5px;">6,697</div><div id="a156812_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:385.062px;top:292.5px;">1,638</div><div id="a156815_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:452.755px;top:292.5px;">5,242</div><div id="a156819_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.288px;top:292.5px;">13,577</div><div id="a156822_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:652.448px;top:292.5px;">12,830</div><div id="a156832" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:324.7px;">Net book value<div style="display:inline-block;width:3.13px"> </div></div><div id="a156840" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:340.8px;">Net book value at the beginning of the year </div><div id="a156842_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:316.928px;top:342.7px;">4,316</div><div id="a156845_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:385.062px;top:342.7px;">2,722</div><div id="a156848_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:452.755px;top:342.7px;">3,544</div><div id="a156851_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:520.875px;top:342.7px;">1,130</div><div id="a156854_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.288px;top:342.7px;">11,712</div><div id="a156857_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:652.448px;top:342.7px;">11,958</div><div id="a156860" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:357.3px;">Net book value at the end of the<div style="display:inline-block;width:3.71px"> </div>year </div><div id="a156862_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:316.928px;top:357.3px;">3,655</div><div id="a156865_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:385.062px;top:357.3px;">2,637</div><div id="a156868_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:452.755px;top:357.3px;">3,978</div><div id="a156871_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:518.048px;top:357.3px;">1,046</div><div id="a156873" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:539.795px;top:358px;">6 </div><div id="a156875_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.288px;top:357.3px;">11,316</div><div id="a156878_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:652.448px;top:357.3px;">11,712</div><div id="a156881" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:372.4px;">1 Includes leasehold improvements and IT hardware.<div style="display:inline-block;width:9.74px"> </div>2 Represents right-<div style="display:inline-block;width:1.34px"> </div>of-use assets recognized by UBS AG as lessee.<div style="display:inline-block;width:3.82px"> </div>UBS AG predominantly enters into<div style="display:inline-block;width:3.45px"> </div>lease contracts, or contracts<div style="display:inline-block;width:3.63px"> </div>that include lease components, </div><div id="a156889" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:382.8px;">in relation to<div style="display:inline-block;width:3.46px"> </div>real estate,<div style="display:inline-block;width:3.8px"> </div>including offices,<div style="display:inline-block;width:4.1px"> </div>retail branches<div style="display:inline-block;width:3.47px"> </div>and sales offices.<div style="display:inline-block;width:4.27px"> </div>The total<div style="display:inline-block;width:3.63px"> </div>cash outflow<div style="display:inline-block;width:3.62px"> </div>for leases<div style="display:inline-block;width:3.78px"> </div>during 2022 was<div style="display:inline-block;width:3.84px"> </div>USD </div><div id="a156889_136_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:424.822px;top:382.8px;">589</div><div id="a156889_139_13" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:437.59px;top:382.8px;">m (2021: USD </div><div id="a156889_152_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:484.915px;top:382.8px;">632</div><div id="a156889_155_61" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:497.683px;top:382.8px;">m). Interest expense<div style="display:inline-block;width:3.79px"> </div>on lease liabilities<div style="display:inline-block;width:4.24px"> </div>is included within </div><div id="a156895" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:392.7px;">Interest expense from<div style="display:inline-block;width:3.78px"> </div>financial instruments<div style="display:inline-block;width:4.41px"> </div>measured at amortized<div style="display:inline-block;width:4.57px"> </div>cost and Lease<div style="display:inline-block;width:4.11px"> </div>liabilities are<div style="display:inline-block;width:3.62px"> </div>included within Other<div style="display:inline-block;width:4.25px"> </div>financial<div style="display:inline-block;width:3.57px"> </div>liabilities measured<div style="display:inline-block;width:3.61px"> </div>at amortized<div style="display:inline-block;width:3.62px"> </div>cost. Refer<div style="display:inline-block;width:3.79px"> </div>to Notes 3<div style="display:inline-block;width:3.94px"> </div>and 18a, respectively.<div style="display:inline-block;width:4.84px"> </div>There </div><div id="a156898" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:403.1px;">were no material<div style="display:inline-block;width:3.94px"> </div>gains or losses<div style="display:inline-block;width:3.61px"> </div>arising from sale<div style="display:inline-block;width:1.51px"> </div>-and-leaseback transactions<div style="display:inline-block;width:4.6px"> </div>in 2022 and in<div style="display:inline-block;width:4.16px"> </div>2021.<div style="display:inline-block;width:9.99px"> </div>3 The total<div style="display:inline-block;width:3.64px"> </div>reclassification<div style="display:inline-block;width:3.46px"> </div>amount for the<div style="display:inline-block;width:3.78px"> </div>respective periods<div style="display:inline-block;width:3.77px"> </div>represents<div style="display:inline-block;width:3.41px"> </div>net reclassifications<div style="display:inline-block;width:3.62px"> </div>to Properties and </div><div id="a156904" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:413.1px;">other non-current assets held for<div style="display:inline-block;width:3.48px"> </div>sale.<div style="display:inline-block;width:8.36px"> </div>4 Includes write-<div style="display:inline-block;width:1.54px"> </div>offs of fully depreciated assets.<div style="display:inline-block;width:9.49px"> </div>5 Impairment charges<div style="display:inline-block;width:3.64px"> </div>recorded in 2022 generally<div style="display:inline-block;width:3.68px"> </div>relate to assets that are no longer<div style="display:inline-block;width:3.8px"> </div>used,<div style="display:inline-block;width:2.11px"> </div>for which the recoverable<div style="display:inline-block;width:3.62px"> </div>amount </div><div id="a156911" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:423.5px;">based on a value in use approach<div style="display:inline-block;width:3.81px"> </div>was determined to<div style="display:inline-block;width:3.46px"> </div>be zero.<div style="display:inline-block;width:8.68px"> </div>6 Consists of USD </div><div id="a156911_81_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:263.942px;top:423.5px;">858</div><div id="a156911_84_30" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:276.71px;top:423.5px;">m related to software and<div style="display:inline-block;width:3.63px"> </div>USD </div><div id="a156911_114_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:375.608px;top:423.5px;">188</div><div id="a156911_117_44" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:388.377px;top:423.5px;">m related to Owned properties<div style="display:inline-block;width:4.09px"> </div>and equipment.</div></div></div></div> 11494000000 3994000000 7924000000 1130000000 24542000000 23785000000 90000000 380000000 330000000 1059000000 1859000000 1789000000 284000000 48000000 81000000 0 414000000 632000000 -796000000 0 1052000000 -1150000000 -894000000 -18000000 -152000000 -50000000 -5000000 7000000 -200000000 -381000000 10352000000 4275000000 9220000000 1046000000 24893000000 24542000000 7178000000 1272000000 4380000000 12830000000 11827000000 463000000 430000000 926000000 1819000000 1835000000 2000000 0 0 2000000 9000000 283000000 45000000 81000000 410000000 619000000 -565000000 -1000000 0 -566000000 -12000000 -98000000 -18000000 17000000 -99000000 -210000000 6697000000 1638000000 5242000000 13577000000 12830000000 4316000000 2722000000 3544000000 1130000000 11712000000 11958000000 3655000000 2637000000 3978000000 1046000000 11316000000 11712000000 589000000 632000000 858000000 188000000 <div id="TextBlockContainer1206" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:231px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a156921" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 12<div style="display:inline-block;width:8.21px"> </div>Goodwill and intangible assets </div><div id="a156926" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#E60000;left:4.905px;top:27px;">Introduction </div><div id="a156928" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:50px;">UBS AG performs an impairment test<div style="display:inline-block;width:5.05px"> </div>on its goodwill assets on<div style="display:inline-block;width:5.39px"> </div>an annual basis or when indicators of impairment exist.<div style="display:inline-block;width:5.72px"> </div></div><div id="a156932" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:73.2px;">UBS AG considers Asset Management<div style="display:inline-block;width:1.63px"> </div>,<div style="display:inline-block;width:3.89px"> </div>as it is reported in Note 2a,<div style="display:inline-block;width:4.28px"> </div>as a separate cash-generating unit (a<div style="display:inline-block;width:4.42px"> </div>CGU),<div style="display:inline-block;width:4.23px"> </div>as that is </div><div id="a156952" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:88.3px;">the level at which<div style="display:inline-block;width:5.67px"> </div>the performance<div style="display:inline-block;width:5.24px"> </div>of investment<div style="display:inline-block;width:5.04px"> </div>(and the<div style="display:inline-block;width:5.39px"> </div>related goodwill)<div style="display:inline-block;width:5.1px"> </div>is reviewed and<div style="display:inline-block;width:5.85px"> </div>assessed by management. </div><div id="a156954" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:103.4px;">Given that<div style="display:inline-block;width:5.94px"> </div>a significant<div style="display:inline-block;width:6.56px"> </div>amount<div style="display:inline-block;width:5.03px"> </div>of goodwill<div style="display:inline-block;width:6.43px"> </div>in Global<div style="display:inline-block;width:6.44px"> </div>Wealth<div style="display:inline-block;width:5.18px"> </div>Management<div style="display:inline-block;width:5.08px"> </div>relates<div style="display:inline-block;width:5.55px"> </div>to the<div style="display:inline-block;width:5.88px"> </div>PaineWebber<div style="display:inline-block;width:5.12px"> </div>acquisition<div style="display:inline-block;width:5.86px"> </div>in </div><div id="a156955" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:118.6px;">2000,<div style="display:inline-block;width:5.17px"> </div>which mainly<div style="display:inline-block;width:5.62px"> </div>affected the<div style="display:inline-block;width:6.08px"> </div>Americas<div style="display:inline-block;width:5.26px"> </div>portion<div style="display:inline-block;width:5.13px"> </div>of the<div style="display:inline-block;width:6.07px"> </div>business,<div style="display:inline-block;width:5.48px"> </div>this goodwill<div style="display:inline-block;width:5.9px"> </div>remains separately<div style="display:inline-block;width:5.97px"> </div>monitored<div style="display:inline-block;width:5.21px"> </div>by the </div><div id="a156958" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:134.2px;">Americas,<div style="display:inline-block;width:7.29px"> </div>despite<div style="display:inline-block;width:7.29px"> </div>the<div style="display:inline-block;width:7.14px"> </div>formation<div style="display:inline-block;width:7.46px"> </div>of<div style="display:inline-block;width:7.14px"> </div>Global<div style="display:inline-block;width:7.19px"> </div>Wealth<div style="display:inline-block;width:7.55px"> </div>Management<div style="display:inline-block;width:7.44px"> </div>in<div style="display:inline-block;width:7.19px"> </div>2018.<div style="display:inline-block;width:8.26px"> </div>Therefore,<div style="display:inline-block;width:7.17px"> </div>goodwill<div style="display:inline-block;width:7.69px"> </div>for<div style="display:inline-block;width:6.99px"> </div>Global<div style="display:inline-block;width:7.19px"> </div>Wealth </div><div id="a156964" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:149.3px;">Management<div style="display:inline-block;width:7.44px"> </div>is<div style="display:inline-block;width:7.04px"> </div>separately<div style="display:inline-block;width:7.68px"> </div>considered<div style="display:inline-block;width:7.73px"> </div>for<div style="display:inline-block;width:6.99px"> </div>impairment<div style="display:inline-block;width:7.15px"> </div>at<div style="display:inline-block;width:7.41px"> </div>the<div style="display:inline-block;width:7.14px"> </div>level<div style="display:inline-block;width:7.16px"> </div>of<div style="display:inline-block;width:7.62px"> </div>two<div style="display:inline-block;width:7.25px"> </div>CGUs:<div style="display:inline-block;width:7.45px"> </div>Americas;<div style="display:inline-block;width:7.58px"> </div>and<div style="display:inline-block;width:7.5px"> </div>Switzerland<div style="display:inline-block;width:7.36px"> </div>and </div><div id="a156966" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:165px;">International (consisting of EMEA,<div style="display:inline-block;width:5.17px"> </div>Asia Pacific and Global). </div><div id="a156968" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:187.7px;">The impairment<div style="display:inline-block;width:6.04px"> </div>test is<div style="display:inline-block;width:5.47px"> </div>performed<div style="display:inline-block;width:5.2px"> </div>for each<div style="display:inline-block;width:6.15px"> </div>CGU to<div style="display:inline-block;width:6.03px"> </div>which goodwill<div style="display:inline-block;width:6.58px"> </div>is allocated<div style="display:inline-block;width:5.56px"> </div>by comparing<div style="display:inline-block;width:6.45px"> </div>the recoverable<div style="display:inline-block;width:5.66px"> </div>amount </div><div id="a156969" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:202.8px;">with the<div style="display:inline-block;width:5.88px"> </div>carrying amount<div style="display:inline-block;width:6.14px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>respective CGU.<div style="display:inline-block;width:5.76px"> </div>UBS<div style="display:inline-block;width:5.08px"> </div>AG determines<div style="display:inline-block;width:5.94px"> </div>the recoverable<div style="display:inline-block;width:6.6px"> </div>amount<div style="display:inline-block;width:5.03px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>respective CGUs </div><div id="a156971" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:217.9px;">based on their value in use. An impairment charge is<div style="display:inline-block;width:2.34px"> </div>recognized if the carrying amount exceeds the recoverable amount.</div></div><div id="TextBlockContainer1208" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:777px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a157012" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">As<div style="display:inline-block;width:5.4px"> </div>of<div style="display:inline-block;width:5.25px"> </div>31 December<div style="display:inline-block;width:5.59px"> </div>2022,<div style="display:inline-block;width:6.18px"> </div>total goodwill<div style="display:inline-block;width:6.64px"> </div>recognized<div style="display:inline-block;width:5.59px"> </div>on<div style="display:inline-block;width:5.61px"> </div>the<div style="display:inline-block;width:5.25px"> </div>balance<div style="display:inline-block;width:5.3px"> </div>sheet<div style="display:inline-block;width:5.3px"> </div>was<div style="display:inline-block;width:5.36px"> </div>USD </div><div id="a157012_79_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:498.458px;top:0px;">6.0</div><div id="a157012_82_17" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:517.385px;top:0px;">bn,<div style="display:inline-block;width:5.24px"> </div>of<div style="display:inline-block;width:5.25px"> </div>which<div style="display:inline-block;width:5.4px"> </div>USD </div><div id="a157012_99_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:625.258px;top:0px;">3.7</div><div id="a157012_102_7" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:644.178px;top:0px;">bn<div style="display:inline-block;width:5.16px"> </div>was </div><div id="a157027" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">carried by the<div style="display:inline-block;width:5.99px"> </div>Global Wealth<div style="display:inline-block;width:5.38px"> </div>Management Americas<div style="display:inline-block;width:5.72px"> </div>CGU, USD </div><div id="a157027_58_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:374.938px;top:15.6px;">1.2</div><div id="a157027_61_47" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:393.885px;top:15.6px;">bn was<div style="display:inline-block;width:5.39px"> </div>carried by the<div style="display:inline-block;width:5.52px"> </div>Global Wealth<div style="display:inline-block;width:5.38px"> </div>Management </div><div id="a157033" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">Switzerland and International CGU, and USD </div><div id="a157033_43_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:262.792px;top:30.8px;">1.2</div><div id="a157033_46_68" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:281.712px;top:30.8px;">bn was carried by Asset Management. Based on the impairment testing </div><div id="a157044" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.4px;">methodology described below, UBS AG concluded that the<div style="display:inline-block;width:2.33px"> </div>goodwill balances as of<div style="display:inline-block;width:2.11px"> </div>31 December 2022<div style="display:inline-block;width:3.86px"> </div>allocated to these </div><div id="a157052" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">CGUs were not impaired. </div><div id="a157057" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#E60000;left:4.905px;top:91.5px;">Methodology for goodwill impairment<div style="display:inline-block;width:5.56px"> </div>testing </div><div id="a157059" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:115px;">The recoverable<div style="display:inline-block;width:6.28px"> </div>amounts<div style="display:inline-block;width:5.18px"> </div>are determined<div style="display:inline-block;width:6.38px"> </div>using<div style="display:inline-block;width:5.28px"> </div>a discounted<div style="display:inline-block;width:6.38px"> </div>cash flow<div style="display:inline-block;width:5.88px"> </div>model, which<div style="display:inline-block;width:5.29px"> </div>has been<div style="display:inline-block;width:6.44px"> </div>adapted to<div style="display:inline-block;width:5.81px"> </div>use inputs </div><div id="a157061" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:130.1px;">that consider features<div style="display:inline-block;width:5.06px"> </div>of the banking business<div style="display:inline-block;width:5.55px"> </div>and its regulatory environment.<div style="display:inline-block;width:5.7px"> </div>The recoverable<div style="display:inline-block;width:5.34px"> </div>amount of a CGU<div style="display:inline-block;width:5.5px"> </div>is the </div><div id="a157064" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:145.7px;">sum of the<div style="display:inline-block;width:5.61px"> </div>discounted<div style="display:inline-block;width:5.33px"> </div>earnings attributable<div style="display:inline-block;width:5.72px"> </div>to shareholders<div style="display:inline-block;width:6.26px"> </div>from the<div style="display:inline-block;width:5.34px"> </div>first three<div style="display:inline-block;width:5.87px"> </div>forecast<div style="display:inline-block;width:5.03px"> </div>years and<div style="display:inline-block;width:5.4px"> </div>the terminal<div style="display:inline-block;width:5.84px"> </div>value, </div><div id="a157066" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:160.9px;">adjusted for the effect of the capital<div style="display:inline-block;width:2.18px"> </div>assumed to be needed over the next three years and to support growth beyond that </div><div id="a157069" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:176px;">period. The<div style="display:inline-block;width:5.49px"> </div>terminal value,<div style="display:inline-block;width:5.31px"> </div>which covers<div style="display:inline-block;width:5.68px"> </div>all periods<div style="display:inline-block;width:5.5px"> </div>beyond the<div style="display:inline-block;width:5.71px"> </div>third year,<div style="display:inline-block;width:6.98px"> </div>is calculated<div style="display:inline-block;width:5.36px"> </div>on the<div style="display:inline-block;width:5.29px"> </div>basis of<div style="display:inline-block;width:5.55px"> </div>the forecast<div style="display:inline-block;width:5.18px"> </div>of </div><div id="a157071" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:191.6px;">the third-year profit, the<div style="display:inline-block;width:5.08px"> </div>discount rate and the long<div style="display:inline-block;width:1.62px"> </div>-term growth rate, as well as the<div style="display:inline-block;width:5.22px"> </div>implied perpetual capital growth. </div><div id="a157078" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:214.3px;">The<div style="display:inline-block;width:6.35px"> </div>carrying<div style="display:inline-block;width:6.21px"> </div>amount<div style="display:inline-block;width:6.45px"> </div>for<div style="display:inline-block;width:6.04px"> </div>each<div style="display:inline-block;width:6.15px"> </div>CGU<div style="display:inline-block;width:6.35px"> </div>is<div style="display:inline-block;width:6.09px"> </div>determined<div style="display:inline-block;width:6.66px"> </div>by<div style="display:inline-block;width:6.15px"> </div>reference<div style="display:inline-block;width:6.64px"> </div>to<div style="display:inline-block;width:6.44px"> </div>UBS’s<div style="display:inline-block;width:6.66px"> </div>equity<div style="display:inline-block;width:6.09px"> </div>attribution<div style="display:inline-block;width:6.64px"> </div>framework.<div style="display:inline-block;width:5.95px"> </div>Within<div style="display:inline-block;width:6.62px"> </div>this </div><div id="a157084" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:229.5px;">framework,<div style="display:inline-block;width:5.47px"> </div>which<div style="display:inline-block;width:5.4px"> </div>is<div style="display:inline-block;width:5.15px"> </div>described<div style="display:inline-block;width:5.4px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the<div style="display:inline-block;width:5.25px"> </div>“Capital,<div style="display:inline-block;width:5.5px"> </div>liquidity<div style="display:inline-block;width:5.51px"> </div>and<div style="display:inline-block;width:5.61px"> </div>funding,<div style="display:inline-block;width:6.06px"> </div>and<div style="display:inline-block;width:5.13px"> </div>balance<div style="display:inline-block;width:5.3px"> </div>sheet”<div style="display:inline-block;width:5.5px"> </div>section<div style="display:inline-block;width:5.2px"> </div>of<div style="display:inline-block;width:5.25px"> </div>this<div style="display:inline-block;width:5.2px"> </div>report,<div style="display:inline-block;width:5.49px"> </div>UBS </div><div id="a157085" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:245.1px;">attributes equity to the businesses on the<div style="display:inline-block;width:2.03px"> </div>basis of their<div style="display:inline-block;width:2.14px"> </div>risk-weighted assets and leverage ratio denominator (both metrics </div><div id="a157094" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:260.2px;">include resource allocations from Group Functions to the business divisions), their goodwill and their intangible assets, as </div><div id="a157097" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:275.8px;">well as<div style="display:inline-block;width:5.72px"> </div>attributed equity<div style="display:inline-block;width:5.61px"> </div>related to<div style="display:inline-block;width:5.86px"> </div>certain common<div style="display:inline-block;width:6.1px"> </div>equity tier 1<div style="display:inline-block;width:5.68px"> </div>deduction<div style="display:inline-block;width:5.28px"> </div>items. The<div style="display:inline-block;width:5.72px"> </div>framework is<div style="display:inline-block;width:5.42px"> </div>primarily used<div style="display:inline-block;width:6.1px"> </div>for </div><div id="a157104" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:291px;">the purpose of measuring the performance of the businesses<div style="display:inline-block;width:5.35px"> </div>and includes certain management assumptions. Attributed </div><div id="a157105" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:306.1px;">equity </div><div id="a157106" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:47.025px;top:306.1px;">is </div><div id="a157107" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:62.632px;top:306.1px;">equal</div><div id="a157108" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:93.872px;top:306.1px;"> </div><div id="a157109" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:101.445px;top:306.1px;">to</div><div id="a157110" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:113.258px;top:306.1px;"> </div><div id="a157111" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:120.832px;top:306.1px;">the<div style="display:inline-block;width:7.62px"> </div>capital<div style="display:inline-block;width:7.2px"> </div>a<div style="display:inline-block;width:7.57px"> </div>CGU<div style="display:inline-block;width:7.77px"> </div>requires<div style="display:inline-block;width:8.09px"> </div>to<div style="display:inline-block;width:7.62px"> </div>conduct<div style="display:inline-block;width:7.82px"> </div>its<div style="display:inline-block;width:7.36px"> </div>business<div style="display:inline-block;width:8.22px"> </div>and<div style="display:inline-block;width:7.5px"> </div>is<div style="display:inline-block;width:7.04px"> </div>currently<div style="display:inline-block;width:7.71px"> </div>considered<div style="display:inline-block;width:8.2px"> </div>a<div style="display:inline-block;width:7.57px"> </div>reasonable </div><div id="a157112" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:321.7px;">approximation<div style="display:inline-block;width:5.11px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>carrying amount<div style="display:inline-block;width:5.77px"> </div>of the<div style="display:inline-block;width:5.4px"> </div>CGUs.<div style="display:inline-block;width:5.08px"> </div>The attributed<div style="display:inline-block;width:5.4px"> </div>equity methodology<div style="display:inline-block;width:6.32px"> </div>is also<div style="display:inline-block;width:6.09px"> </div>applied in<div style="display:inline-block;width:5.39px"> </div>the business </div><div id="a157116" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:336.9px;">planning process, the inputs<div style="display:inline-block;width:5.36px"> </div>from which are used in calculating the recoverable amounts<div style="display:inline-block;width:5.87px"> </div>of the respective CGU. </div><div id="a157118" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:349px;">›</div><div id="a157119" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:349.2px;"> </div><div id="a157120" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:353.9px;">Refer to the “Capital,<div style="display:inline-block;width:0.8px"> </div>liquidity and funding,<div style="display:inline-block;width:1.37px"> </div>and balance sheet”<div style="display:inline-block;width:1.3px"> </div>section of this<div style="display:inline-block;width:1.41px"> </div>report for more information<div style="display:inline-block;width:0.43px"> </div>about the equity </div><div id="a157127" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:368.5px;">attribution framework </div><div id="a157129" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#E60000;left:4.905px;top:396.6px;">Assumptions </div><div id="a157131" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:419.7px;">Valuation<div style="display:inline-block;width:6.13px"> </div>parameters<div style="display:inline-block;width:5.31px"> </div>used<div style="display:inline-block;width:5.66px"> </div>within UBS<div style="display:inline-block;width:6.41px"> </div>AG’s<div style="display:inline-block;width:5.43px"> </div>impairment test<div style="display:inline-block;width:6.05px"> </div>model<div style="display:inline-block;width:5.35px"> </div>are<div style="display:inline-block;width:5.29px"> </div>linked<div style="display:inline-block;width:5.4px"> </div>to<div style="display:inline-block;width:5.25px"> </div>external market<div style="display:inline-block;width:5.61px"> </div>information,<div style="display:inline-block;width:5.77px"> </div>where </div><div id="a157134" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:434.8px;">applicable. The<div style="display:inline-block;width:5.26px"> </div>model used<div style="display:inline-block;width:5.43px"> </div>to determine<div style="display:inline-block;width:5.76px"> </div>the recoverable<div style="display:inline-block;width:5.66px"> </div>amount<div style="display:inline-block;width:5.03px"> </div>is most<div style="display:inline-block;width:5.2px"> </div>sensitive to<div style="display:inline-block;width:6.04px"> </div>changes in<div style="display:inline-block;width:5.38px"> </div>the forecast<div style="display:inline-block;width:5.18px"> </div>earnings </div><div id="a157137" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:450.4px;">available to shareholders in years one to<div style="display:inline-block;width:5.12px"> </div>three, to changes in the discount rates and to changes<div style="display:inline-block;width:5.24px"> </div>in the long-term growth </div><div id="a157140" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:465.5px;">rate. The applied<div style="display:inline-block;width:5.84px"> </div>long-term growth<div style="display:inline-block;width:5.43px"> </div>rate is based<div style="display:inline-block;width:5.5px"> </div>on long-term economic<div style="display:inline-block;width:5.27px"> </div>growth rates<div style="display:inline-block;width:5.69px"> </div>for different regions<div style="display:inline-block;width:6.11px"> </div>worldwide. </div><div id="a157148" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:481.1px;">Earnings<div style="display:inline-block;width:5.36px"> </div>available to<div style="display:inline-block;width:6.46px"> </div>shareholders<div style="display:inline-block;width:5.94px"> </div>are<div style="display:inline-block;width:5.29px"> </div>estimated<div style="display:inline-block;width:5.36px"> </div>on<div style="display:inline-block;width:5.61px"> </div>the<div style="display:inline-block;width:5.25px"> </div>basis<div style="display:inline-block;width:5.4px"> </div>of<div style="display:inline-block;width:5.25px"> </div>forecast<div style="display:inline-block;width:5.03px"> </div>results,<div style="display:inline-block;width:5.43px"> </div>which<div style="display:inline-block;width:5.88px"> </div>are<div style="display:inline-block;width:5.29px"> </div>part<div style="display:inline-block;width:5.1px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>business<div style="display:inline-block;width:5.85px"> </div>plan </div><div id="a157149" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:496.3px;">approved by the Board<div style="display:inline-block;width:5.53px"> </div>of Directors. </div><div id="a157151" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:519px;">The<div style="display:inline-block;width:5.88px"> </div>discount<div style="display:inline-block;width:6.07px"> </div>rates<div style="display:inline-block;width:5.42px"> </div>are<div style="display:inline-block;width:5.76px"> </div>determined<div style="display:inline-block;width:5.72px"> </div>by<div style="display:inline-block;width:5.8px"> </div>applying<div style="display:inline-block;width:6.07px"> </div>a<div style="display:inline-block;width:5.2px"> </div>capital<div style="display:inline-block;width:5.31px"> </div>asset<div style="display:inline-block;width:5.62px"> </div>pricing<div style="display:inline-block;width:5.72px"> </div>model-based<div style="display:inline-block;width:6.76px"> </div>approach,<div style="display:inline-block;width:6px"> </div>as<div style="display:inline-block;width:5.25px"> </div>well<div style="display:inline-block;width:5.57px"> </div>as<div style="display:inline-block;width:5.72px"> </div>considering </div><div id="a157156" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:534.1px;">quantitative and qualitative inputs from both internal and external analysts and<div style="display:inline-block;width:5.03px"> </div>the view of management. They also take </div><div id="a157162" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:549.7px;">into account<div style="display:inline-block;width:5.03px"> </div>regional differences<div style="display:inline-block;width:5.96px"> </div>in risk-free<div style="display:inline-block;width:5.58px"> </div>rates at the<div style="display:inline-block;width:5.58px"> </div>level of<div style="display:inline-block;width:5.45px"> </div>the individual<div style="display:inline-block;width:5.62px"> </div>CGUs. In<div style="display:inline-block;width:5.31px"> </div>line with discount<div style="display:inline-block;width:5.85px"> </div>rates, long-</div><div id="a157172" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:564.9px;">term growth rates are determined at the regional<div style="display:inline-block;width:5.42px"> </div>level based on nominal<div style="display:inline-block;width:5.26px"> </div>GDP growth rate forecasts. </div><div id="a157175" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:588.1px;">Key<div style="display:inline-block;width:5.9px"> </div>assumptions<div style="display:inline-block;width:6.69px"> </div>used<div style="display:inline-block;width:6.13px"> </div>to<div style="display:inline-block;width:5.72px"> </div>determine<div style="display:inline-block;width:6.93px"> </div>the<div style="display:inline-block;width:6.2px"> </div>recoverable<div style="display:inline-block;width:6.92px"> </div>amounts<div style="display:inline-block;width:6.5px"> </div>of<div style="display:inline-block;width:5.72px"> </div>each<div style="display:inline-block;width:6.41px"> </div>CGU<div style="display:inline-block;width:5.91px"> </div>are<div style="display:inline-block;width:6.23px"> </div>tested<div style="display:inline-block;width:6.57px"> </div>for<div style="display:inline-block;width:5.57px"> </div>sensitivity<div style="display:inline-block;width:6.91px"> </div>by<div style="display:inline-block;width:6.15px"> </div>applying<div style="display:inline-block;width:6.55px"> </div>a </div><div id="a157179" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:603.2px;">reasonably possible<div style="display:inline-block;width:6.71px"> </div>change<div style="display:inline-block;width:5.13px"> </div>to those<div style="display:inline-block;width:5.18px"> </div>assumptions.<div style="display:inline-block;width:5.85px"> </div>Forecast earnings<div style="display:inline-block;width:6.66px"> </div>available<div style="display:inline-block;width:5.36px"> </div>to shareholders<div style="display:inline-block;width:6.09px"> </div>were<div style="display:inline-block;width:5.39px"> </div>changed by </div><div id="a157179_109_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:652.786px;top:603.2px;">20</div><div id="a157179_111_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:667.919px;top:603.2px;">%, </div><div id="a157180" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:618.3px;">the<div style="display:inline-block;width:7.62px"> </div>discount<div style="display:inline-block;width:7.96px"> </div>rates<div style="display:inline-block;width:8.25px"> </div>were<div style="display:inline-block;width:7.76px"> </div>changed<div style="display:inline-block;width:8.17px"> </div>by </div><div id="a157180_35_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:235.21px;top:618.3px;">1.5</div><div id="a157181" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:254.285px;top:618.3px;"> </div><div id="a157182" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:258.072px;top:618.3px;">percentage<div style="display:inline-block;width:8.38px"> </div>points</div><div id="a157183" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:364.538px;top:618.3px;">,</div><div id="a157184" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:368.312px;top:618.3px;"> </div><div id="a157185" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:375.885px;top:618.3px;">and<div style="display:inline-block;width:7.97px"> </div>the<div style="display:inline-block;width:7.62px"> </div>long</div><div id="a157186" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:456.818px;top:618.3px;">-</div><div id="a157187" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:461.072px;top:618.3px;">term<div style="display:inline-block;width:8.53px"> </div>growth<div style="display:inline-block;width:8.21px"> </div>rates<div style="display:inline-block;width:7.31px"> </div>were<div style="display:inline-block;width:7.76px"> </div>changed<div style="display:inline-block;width:8.65px"> </div>by </div><div id="a157188" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:633.9px;">0.75</div><div id="a157188_4_109" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:31.42px;top:633.9px;"><div style="display:inline-block;width:3.78px"> </div>percentage<div style="display:inline-block;width:6.52px"> </div>points.<div style="display:inline-block;width:7.12px"> </div>Under<div style="display:inline-block;width:7.03px"> </div>all<div style="display:inline-block;width:6.41px"> </div>scenarios,<div style="display:inline-block;width:7.71px"> </div>reasonably<div style="display:inline-block;width:7.06px"> </div>possible<div style="display:inline-block;width:7.59px"> </div>changes<div style="display:inline-block;width:7.07px"> </div>in<div style="display:inline-block;width:6.25px"> </div>key<div style="display:inline-block;width:6.89px"> </div>assumptions<div style="display:inline-block;width:7.17px"> </div>did<div style="display:inline-block;width:6.45px"> </div>not<div style="display:inline-block;width:6.87px"> </div>result<div style="display:inline-block;width:7.17px"> </div>in<div style="display:inline-block;width:6.25px"> </div>an </div><div id="a157192" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:649.1px;">impairment<div style="display:inline-block;width:8.09px"> </div>of<div style="display:inline-block;width:8.09px"> </div>goodwill<div style="display:inline-block;width:8.17px"> </div>or<div style="display:inline-block;width:8.09px"> </div>intangible</div><div id="a157193" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:231.085px;top:649.1px;"> </div><div id="a157194" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:238.685px;top:649.1px;">assets</div><div id="a157195" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:272.258px;top:649.1px;"> </div><div id="a157196" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:279.818px;top:649.1px;">reported<div style="display:inline-block;width:8.43px"> </div>by<div style="display:inline-block;width:8.04px"> </div>Global<div style="display:inline-block;width:8.13px"> </div>Wealth<div style="display:inline-block;width:8.02px"> </div>Management<div style="display:inline-block;width:8.39px"> </div>Americas,<div style="display:inline-block;width:8.68px"> </div>Global<div style="display:inline-block;width:8.13px"> </div>Wealth </div><div id="a157197" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:664.2px;">Management Switzerland<div style="display:inline-block;width:5.99px"> </div>and International,<div style="display:inline-block;width:5.7px"> </div>and Asset Management. </div><div id="a157203" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:687.4px;">If the estimated earnings and other assumptions in future<div style="display:inline-block;width:2.28px"> </div>periods deviate from the current<div style="display:inline-block;width:1.99px"> </div>outlook, the value of goodwill </div><div id="a157204" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:702.5px;">attributable to<div style="display:inline-block;width:6.09px"> </div>Global Wealth<div style="display:inline-block;width:5.85px"> </div>Management<div style="display:inline-block;width:5.08px"> </div>Americas, Global<div style="display:inline-block;width:6.04px"> </div>Wealth Management<div style="display:inline-block;width:6.4px"> </div>Switzerland and<div style="display:inline-block;width:6.45px"> </div>International,<div style="display:inline-block;width:5.23px"> </div>and </div><div id="a157208" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:717.7px;">Asset Management may become impaired in the future, giving rise to<div style="display:inline-block;width:2.32px"> </div>losses in the income statement. Recognition of any </div><div id="a157212" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:733.3px;">impairment<div style="display:inline-block;width:5.26px"> </div>of<div style="display:inline-block;width:5.25px"> </div>goodwill<div style="display:inline-block;width:5.8px"> </div>would<div style="display:inline-block;width:5.81px"> </div>reduce<div style="display:inline-block;width:5.02px"> </div>International<div style="display:inline-block;width:5.66px"> </div>Financial R<div style="display:inline-block;width:1.45px"> </div>eporting<div style="display:inline-block;width:5.63px"> </div>Standards<div style="display:inline-block;width:5.35px"> </div>equity<div style="display:inline-block;width:5.15px"> </div>and<div style="display:inline-block;width:5.61px"> </div>net<div style="display:inline-block;width:5.25px"> </div>profit.<div style="display:inline-block;width:5.39px"> </div>It would<div style="display:inline-block;width:6.6px"> </div>not </div><div id="a157222" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:748.5px;">affect cash flows and, as goodwill is required to be deducted from capital<div style="display:inline-block;width:2.26px"> </div>under the Basel III capital framework, no effect </div><div id="a157226" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:763.6px;">would be expected on<div style="display:inline-block;width:5.25px"> </div>UBS AG’s capital ratios.</div></div><div id="TextBlockContainer1211" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:81px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a157231" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Discount and growth rates </div><div id="a157241" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:445.182px;top:14.9px;">Discount rates </div><div id="a157244" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:589.488px;top:14.9px;">Growth rates </div><div id="a157246" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:28.1px;">In % </div><div id="a157249" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.222px;top:28.1px;">31.12.22 </div><div id="a157251" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:502.915px;top:28.1px;">31.12.21 </div><div id="a157254" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.195px;top:28.1px;">31.12.22 </div><div id="a157256" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:645.315px;top:28.1px;">31.12.21 </div><div id="a157258" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:41.8px;">Global Wealth Management Americas </div><div id="a157261_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.808px;top:41.8px;">10.5</div><div id="a157264_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:524.662px;top:41.8px;">9.5</div><div id="a157268_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.475px;top:41.8px;">3.8</div><div id="a157271_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:667.102px;top:41.8px;">4.0</div><div id="a157274" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:56.5px;">Global Wealth Management Switzerland and International </div><div id="a157277_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.528px;top:56.5px;">9.4</div><div id="a157280_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:524.662px;top:56.5px;">8.5</div><div id="a157284_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.475px;top:56.5px;">3.6</div><div id="a157287_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:667.102px;top:56.5px;">3.1</div><div id="a157290" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:70.7px;">Asset Management </div><div id="a157293_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.528px;top:70.7px;">9.5</div><div id="a157296_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:524.662px;top:70.7px;">8.5</div><div id="a157300_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.475px;top:70.7px;">3.4</div><div id="a157303_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:667.102px;top:70.7px;">2.9</div></div><div id="TextBlockContainer1215" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:307px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a157345" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:2.8px;">USD m </div><div id="a157347" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:420.07px;top:2.8px;">Goodwill </div><div id="a157349" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:464.07px;top:2.8px;">Intangible assets</div><div id="a157350" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:524.644px;top:3.5px;">1</div><div id="a157352" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.31px;top:2.8px;">2022 </div><div id="a157354" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:2.8px;">2021 </div><div id="a157356" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:16.1px;">Historical cost </div><div id="a157362" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:30.3px;">Balance at the beginning of the year </div><div id="a157364_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.937px;top:30.3px;">6,126</div><div id="a157367_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.19px;top:30.3px;">1,612</div><div id="a157370_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:580.95px;top:30.3px;">7,739</div><div id="a157373_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.204px;top:30.3px;">7,865</div><div id="a157376" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:44.5px;">Additions </div><div id="a157378_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.004px;top:44.5px;">0</div><div id="a157381_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.217px;top:44.5px;">0</div><div id="a157384_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:597.977px;top:44.5px;">0</div><div id="a157387_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:44.5px;">1</div><div id="a157390" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:59.1px;">Disposals</div><div id="a157391" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:36.789px;top:59.8px;">2</div><div id="a157393_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.03px;top:59.1px;display:flex;">(22)</div><div id="a157396_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.217px;top:59.1px;">0</div><div id="a157399_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:59.1px;display:flex;">(22)</div><div id="a157402_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.03px;top:59.1px;display:flex;">(3)</div><div id="a157405" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:73.3px;">Write-offs </div><div id="a157409_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.004px;top:73.3px;">0</div><div id="a157412_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.217px;top:73.3px;">0</div><div id="a157415_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:597.977px;top:73.3px;">0</div><div id="a157418_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:73.3px;display:flex;">(41)</div><div id="a157421" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:87.5px;">Foreign currency translation </div><div id="a157423_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.03px;top:87.5px;display:flex;">(61)</div><div id="a157426_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.284px;top:87.5px;display:flex;">(14)</div><div id="a157429_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:87.5px;display:flex;">(76)</div><div id="a157432_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:87.5px;display:flex;">(83)</div><div id="a157435" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:101.3px;">Balance at the end of the year </div><div id="a157437_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.937px;top:101.3px;">6,043</div><div id="a157440_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.19px;top:101.3px;">1,598</div><div id="a157443_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:580.95px;top:101.3px;">7,641</div><div id="a157446_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.204px;top:101.3px;">7,739</div><div id="a157449" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:115.9px;">Accumulated amortization and<div style="display:inline-block;width:3.74px"> </div>impairment </div><div id="a157455" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:130.1px;">Balance at the beginning of the year </div><div id="a157458_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.19px;top:130.1px;">1,360</div><div id="a157461_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:580.95px;top:130.1px;">1,360</div><div id="a157464_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.204px;top:130.1px;">1,385</div><div id="a157467" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:144.3px;">Amortization </div><div id="a157470_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.497px;top:144.3px;">26</div><div id="a157473_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:593.244px;top:144.3px;">26</div><div id="a157476_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:144.3px;">31</div><div id="a157479" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:159px;">Impairment / (reversal of impairment) </div><div id="a157482_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:159px;display:flex;">(1)</div><div id="a157485_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:593.244px;top:159px;display:flex;">(1)</div><div id="a157488_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.03px;top:159px;display:flex;">(1)</div><div id="a157491" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:173.2px;">Write-offs </div><div id="a157496_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.217px;top:173.2px;">0</div><div id="a157499_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:597.977px;top:173.2px;">0</div><div id="a157502_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:173.2px;display:flex;">(41)</div><div id="a157505" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:187.4px;">Foreign currency translation </div><div id="a157508_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.284px;top:187.4px;display:flex;">(11)</div><div id="a157511_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:187.4px;display:flex;">(11)</div><div id="a157514_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:187.4px;display:flex;">(13)</div><div id="a157517" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:201.1px;">Balance at the end of the year </div><div id="a157520_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.19px;top:201.1px;">1,374</div><div id="a157523_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:580.95px;top:201.1px;">1,374</div><div id="a157526_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.204px;top:201.1px;">1,360</div><div id="a157529" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:215.3px;">Net book value at the end of the<div style="display:inline-block;width:3.71px"> </div>year </div><div id="a157531_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.937px;top:215.3px;">6,043</div><div id="a157534_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.284px;top:215.3px;">224</div><div id="a157537_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:580.95px;top:215.3px;">6,267</div><div id="a157540_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.204px;top:215.3px;">6,378</div><div id="a157543" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:230.4px;">of which: Global Wealth Management Americas </div><div id="a157545_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:430.937px;top:230.4px;">3,709</div><div id="a157548_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:518.497px;top:230.4px;">31</div><div id="a157551_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:580.95px;top:230.4px;">3,740</div><div id="a157554_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.204px;top:230.4px;">3,760</div><div id="a157557" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:244.6px;">of which: Global Wealth Management Switzerland<div style="display:inline-block;width:3.8px"> </div>and International </div><div id="a157559_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:430.937px;top:244.6px;">1,166</div><div id="a157562_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:518.497px;top:244.6px;">59</div><div id="a157565_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:580.95px;top:244.6px;">1,225</div><div id="a157568_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.204px;top:244.6px;">1,276</div><div id="a157571" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:259.3px;">of which: Asset Management </div><div id="a157573_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:430.937px;top:259.3px;">1,167</div><div id="a157576_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:523.217px;top:259.3px;">0</div><div id="a157579_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:580.95px;top:259.3px;">1,167</div><div id="a157582_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.204px;top:259.3px;">1,202</div><div id="a157585" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:273.5px;">of which: Investment Bank </div><div id="a157587_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:448.004px;top:273.5px;">0</div><div id="a157590_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:513.284px;top:273.5px;">135</div><div id="a157593_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:588.044px;top:273.5px;">135</div><div id="a157596_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.297px;top:273.5px;">139</div><div id="a157599" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:288px;">1 Intangible assets mainly include customer relationships, contractual rights and the fully amortized branch network intangible asset recognized in connection with the acquisition of PaineWebber Group, Inc.<div style="display:inline-block;width:7.54px"> </div>2 Reflects </div><div id="a157603" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:297.9px;">the derecognition of goodwill<div style="display:inline-block;width:3.6px"> </div>allocated to businesses that<div style="display:inline-block;width:3.69px"> </div>have been disposed of,<div style="display:inline-block;width:3.59px"> </div>in accordance with IAS 36<div style="display:inline-block;width:3.52px"> </div>requirements.</div></div><div id="TextBlockContainer1218" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:537px;height:14px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a157608" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">The table below presents<div style="display:inline-block;width:5.08px"> </div>estimated aggregated amortization<div style="display:inline-block;width:5.11px"> </div>expenses for intangible<div style="display:inline-block;width:5.1px"> </div>assets.</div></div><div id="TextBlockContainer1222" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:156px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1220_XBRL_TS_614cbd87d6054b698f4b70f0f4035426" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1221" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:156px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a157614" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a157616" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:617.39px;top:0px;">Intangible assets </div><div id="a157618" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:15.6px;">Estimated aggregated amortization<div style="display:inline-block;width:3.77px"> </div>expenses for: </div><div id="a157622" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:31.7px;">2023 </div><div id="a157624_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:31.7px;">26</div><div id="a157627" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.3px;">2024 </div><div id="a157629_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:48.3px;">24</div><div id="a157632" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:64.3px;">2025 </div><div id="a157634_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:64.3px;">23</div><div id="a157637" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:80.9px;">2026 </div><div id="a157639_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:80.9px;">23</div><div id="a157642" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:97.4px;">2027 </div><div id="a157644_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:97.4px;">22</div><div id="a157647" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.5px;">Thereafter </div><div id="a157649_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:113.5px;">104</div><div id="a157652" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:130.1px;">Not amortized due to indefinite useful life </div><div id="a157654_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:130.1px;">2</div><div id="a157657" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:146.2px;">Total </div><div id="a157659_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:146.2px;">224</div></div></div></div> 6000000000.0 3700000000 1200000000 1200000000 0.20 0.015 0.0075 <div id="TextBlockContainer1212" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:81px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1210_XBRL_TS_9206929f5a4b4e26a6894abcf82b7765" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1211" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:81px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a157231" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Discount and growth rates </div><div id="a157241" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:445.182px;top:14.9px;">Discount rates </div><div id="a157244" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:589.488px;top:14.9px;">Growth rates </div><div id="a157246" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:28.1px;">In % </div><div id="a157249" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.222px;top:28.1px;">31.12.22 </div><div id="a157251" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:502.915px;top:28.1px;">31.12.21 </div><div id="a157254" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.195px;top:28.1px;">31.12.22 </div><div id="a157256" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:645.315px;top:28.1px;">31.12.21 </div><div id="a157258" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:41.8px;">Global Wealth Management Americas </div><div id="a157261_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.808px;top:41.8px;">10.5</div><div id="a157264_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:524.662px;top:41.8px;">9.5</div><div id="a157268_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.475px;top:41.8px;">3.8</div><div id="a157271_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:667.102px;top:41.8px;">4.0</div><div id="a157274" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:56.5px;">Global Wealth Management Switzerland and International </div><div id="a157277_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.528px;top:56.5px;">9.4</div><div id="a157280_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:524.662px;top:56.5px;">8.5</div><div id="a157284_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.475px;top:56.5px;">3.6</div><div id="a157287_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:667.102px;top:56.5px;">3.1</div><div id="a157290" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:70.7px;">Asset Management </div><div id="a157293_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.528px;top:70.7px;">9.5</div><div id="a157296_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:524.662px;top:70.7px;">8.5</div><div id="a157300_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.475px;top:70.7px;">3.4</div><div id="a157303_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:667.102px;top:70.7px;">2.9</div></div></div></div> 0.105 0.095 0.038 0.040 0.094 0.085 0.036 0.031 0.095 0.085 0.034 0.029 <div id="TextBlockContainer1216" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:307px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1214_XBRL_TS_6866e26f9801479a926e8342adb88208" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1215" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:307px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a157345" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:2.8px;">USD m </div><div id="a157347" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:420.07px;top:2.8px;">Goodwill </div><div id="a157349" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:464.07px;top:2.8px;">Intangible assets</div><div id="a157350" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:524.644px;top:3.5px;">1</div><div id="a157352" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.31px;top:2.8px;">2022 </div><div id="a157354" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.564px;top:2.8px;">2021 </div><div id="a157356" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:16.1px;">Historical cost </div><div id="a157362" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:30.3px;">Balance at the beginning of the year </div><div id="a157364_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.937px;top:30.3px;">6,126</div><div id="a157367_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.19px;top:30.3px;">1,612</div><div id="a157370_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:580.95px;top:30.3px;">7,739</div><div id="a157373_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.204px;top:30.3px;">7,865</div><div id="a157376" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:44.5px;">Additions </div><div id="a157378_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.004px;top:44.5px;">0</div><div id="a157381_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.217px;top:44.5px;">0</div><div id="a157384_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:597.977px;top:44.5px;">0</div><div id="a157387_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:44.5px;">1</div><div id="a157390" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:59.1px;">Disposals</div><div id="a157391" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:36.789px;top:59.8px;">2</div><div id="a157393_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.03px;top:59.1px;display:flex;">(22)</div><div id="a157396_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.217px;top:59.1px;">0</div><div id="a157399_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:59.1px;display:flex;">(22)</div><div id="a157402_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.03px;top:59.1px;display:flex;">(3)</div><div id="a157405" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:73.3px;">Write-offs </div><div id="a157409_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.004px;top:73.3px;">0</div><div id="a157412_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.217px;top:73.3px;">0</div><div id="a157415_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:597.977px;top:73.3px;">0</div><div id="a157418_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:73.3px;display:flex;">(41)</div><div id="a157421" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:87.5px;">Foreign currency translation </div><div id="a157423_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.03px;top:87.5px;display:flex;">(61)</div><div id="a157426_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.284px;top:87.5px;display:flex;">(14)</div><div id="a157429_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:87.5px;display:flex;">(76)</div><div id="a157432_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:87.5px;display:flex;">(83)</div><div id="a157435" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:101.3px;">Balance at the end of the year </div><div id="a157437_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.937px;top:101.3px;">6,043</div><div id="a157440_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.19px;top:101.3px;">1,598</div><div id="a157443_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:580.95px;top:101.3px;">7,641</div><div id="a157446_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.204px;top:101.3px;">7,739</div><div id="a157449" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:115.9px;">Accumulated amortization and<div style="display:inline-block;width:3.74px"> </div>impairment </div><div id="a157455" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:130.1px;">Balance at the beginning of the year </div><div id="a157458_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.19px;top:130.1px;">1,360</div><div id="a157461_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:580.95px;top:130.1px;">1,360</div><div id="a157464_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.204px;top:130.1px;">1,385</div><div id="a157467" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:144.3px;">Amortization </div><div id="a157470_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.497px;top:144.3px;">26</div><div id="a157473_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:593.244px;top:144.3px;">26</div><div id="a157476_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:144.3px;">31</div><div id="a157479" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:159px;">Impairment / (reversal of impairment) </div><div id="a157482_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.017px;top:159px;display:flex;">(1)</div><div id="a157485_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:593.244px;top:159px;display:flex;">(1)</div><div id="a157488_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.03px;top:159px;display:flex;">(1)</div><div id="a157491" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:173.2px;">Write-offs </div><div id="a157496_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.217px;top:173.2px;">0</div><div id="a157499_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:597.977px;top:173.2px;">0</div><div id="a157502_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:173.2px;display:flex;">(41)</div><div id="a157505" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:187.4px;">Foreign currency translation </div><div id="a157508_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.284px;top:187.4px;display:flex;">(11)</div><div id="a157511_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:187.4px;display:flex;">(11)</div><div id="a157514_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:187.4px;display:flex;">(13)</div><div id="a157517" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:201.1px;">Balance at the end of the year </div><div id="a157520_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.19px;top:201.1px;">1,374</div><div id="a157523_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:580.95px;top:201.1px;">1,374</div><div id="a157526_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.204px;top:201.1px;">1,360</div><div id="a157529" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:215.3px;">Net book value at the end of the<div style="display:inline-block;width:3.71px"> </div>year </div><div id="a157531_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.937px;top:215.3px;">6,043</div><div id="a157534_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.284px;top:215.3px;">224</div><div id="a157537_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:580.95px;top:215.3px;">6,267</div><div id="a157540_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.204px;top:215.3px;">6,378</div><div id="a157543" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:230.4px;">of which: Global Wealth Management Americas </div><div id="a157545_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:430.937px;top:230.4px;">3,709</div><div id="a157548_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:518.497px;top:230.4px;">31</div><div id="a157551_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:580.95px;top:230.4px;">3,740</div><div id="a157554_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.204px;top:230.4px;">3,760</div><div id="a157557" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:244.6px;">of which: Global Wealth Management Switzerland<div style="display:inline-block;width:3.8px"> </div>and International </div><div id="a157559_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:430.937px;top:244.6px;">1,166</div><div id="a157562_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:518.497px;top:244.6px;">59</div><div id="a157565_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:580.95px;top:244.6px;">1,225</div><div id="a157568_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.204px;top:244.6px;">1,276</div><div id="a157571" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:259.3px;">of which: Asset Management </div><div id="a157573_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:430.937px;top:259.3px;">1,167</div><div id="a157576_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:523.217px;top:259.3px;">0</div><div id="a157579_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:580.95px;top:259.3px;">1,167</div><div id="a157582_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.204px;top:259.3px;">1,202</div><div id="a157585" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:273.5px;">of which: Investment Bank </div><div id="a157587_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:448.004px;top:273.5px;">0</div><div id="a157590_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:513.284px;top:273.5px;">135</div><div id="a157593_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:588.044px;top:273.5px;">135</div><div id="a157596_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.297px;top:273.5px;">139</div><div id="a157599" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:288px;">1 Intangible assets mainly include customer relationships, contractual rights and the fully amortized branch network intangible asset recognized in connection with the acquisition of PaineWebber Group, Inc.<div style="display:inline-block;width:7.54px"> </div>2 Reflects </div><div id="a157603" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:297.9px;">the derecognition of goodwill<div style="display:inline-block;width:3.6px"> </div>allocated to businesses that<div style="display:inline-block;width:3.69px"> </div>have been disposed of,<div style="display:inline-block;width:3.59px"> </div>in accordance with IAS 36<div style="display:inline-block;width:3.52px"> </div>requirements.</div></div></div></div> 6126000000 1612000000 7739000000 7865000000 0 0 0 1000000 22000000 0 22000000 3000000 0 0 0 41000000 -61000000 -14000000 -76000000 -83000000 6043000000 1598000000 7641000000 7739000000 1360000000 1360000000 1385000000 26000000 26000000 31000000 -1000000 -1000000 -1000000 0 0 41000000 -11000000 -11000000 -13000000 1374000000 1374000000 1360000000 6043000000 224000000 6267000000 6378000000 3709000000 31000000 3740000000 3760000000 1166000000 59000000 1225000000 1276000000 1167000000 0 1167000000 1202000000 0 135000000 135000000 139000000 <div id="TextBlockContainer1221" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:156px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a157614" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a157616" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:617.39px;top:0px;">Intangible assets </div><div id="a157618" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:15.6px;">Estimated aggregated amortization<div style="display:inline-block;width:3.77px"> </div>expenses for: </div><div id="a157622" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:31.7px;">2023 </div><div id="a157624_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:31.7px;">26</div><div id="a157627" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.3px;">2024 </div><div id="a157629_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:48.3px;">24</div><div id="a157632" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:64.3px;">2025 </div><div id="a157634_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:64.3px;">23</div><div id="a157637" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:80.9px;">2026 </div><div id="a157639_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:80.9px;">23</div><div id="a157642" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:97.4px;">2027 </div><div id="a157644_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:97.4px;">22</div><div id="a157647" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.5px;">Thereafter </div><div id="a157649_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:113.5px;">104</div><div id="a157652" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:130.1px;">Not amortized due to indefinite useful life </div><div id="a157654_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:130.1px;">2</div><div id="a157657" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:146.2px;">Total </div><div id="a157659_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:146.2px;">224</div></div> 26000000 24000000 23000000 23000000 22000000 104000000 2000000 224000000 <div id="TextBlockContainer1224" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:149px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a157666" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 13<div style="display:inline-block;width:8.21px"> </div>Other assets</div></div><div id="TextBlockContainer1226" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:343px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a157670" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">a) Other financial assets measured<div style="display:inline-block;width:5.09px"> </div>at amortized cost</div></div><div id="TextBlockContainer1230" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:140px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1228_XBRL_TS_2d54c63fabe9446ea69ce28ab9d9fb70" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1229" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:140px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a157672" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a157674" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a157676" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a157678" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:15.6px;">Debt securities </div><div id="a157681_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:15.6px;">44,594</div><div id="a157684_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:15.6px;">18,858</div><div id="a157687" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:32.2px;">Loans to financial advisors </div><div id="a157689_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:32.2px;">2,611</div><div id="a157692_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:32.2px;">2,453</div><div id="a157695" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.3px;">Fee-<div style="display:inline-block;width:2.93px"> </div>and commission-related receivables </div><div id="a157702_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:48.3px;">1,803</div><div id="a157705_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:48.3px;">1,966</div><div id="a157708" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:64.8px;">Finance lease receivables </div><div id="a157710_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:64.8px;">1,314</div><div id="a157713_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:64.8px;">1,356</div><div id="a157716" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:80.9px;">Settlement and clearing accounts<div style="display:inline-block;width:3.59px"> </div></div><div id="a157718_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:80.9px;">1,174</div><div id="a157721_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:80.9px;">455</div><div id="a157724" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:97.5px;">Accrued interest income </div><div id="a157726_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:97.5px;">1,276</div><div id="a157729_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:97.5px;">521</div><div id="a157732" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.6px;">Other </div><div id="a157734_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:113.6px;">618</div><div id="a157737_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:113.6px;">627</div><div id="a157740" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:130.1px;">Total other financial assets<div style="display:inline-block;width:3.86px"> </div>measured at amortized cost </div><div id="a157742_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:130.1px;">53,389</div><div id="a157745_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:130.1px;">26,236</div></div></div></div><div id="TextBlockContainer1232" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:73px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a157749" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Debt<div style="display:inline-block;width:5.88px"> </div>securities<div style="display:inline-block;width:5.26px"> </div>increased<div style="display:inline-block;width:6.38px"> </div>by<div style="display:inline-block;width:5.67px"> </div>USD </div><div id="a157749_33_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:201.285px;top:0px;">25.7</div><div id="a157749_37_76" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.295px;top:0px;">bn<div style="display:inline-block;width:6.12px"> </div>compared<div style="display:inline-block;width:6.01px"> </div>with<div style="display:inline-block;width:5.25px"> </div>31<div style="display:inline-block;width:6.08px"> </div>December<div style="display:inline-block;width:5.52px"> </div>2021,<div style="display:inline-block;width:6.24px"> </div>largely<div style="display:inline-block;width:5.31px"> </div>reflecting<div style="display:inline-block;width:6.39px"> </div>shifts<div style="display:inline-block;width:5.56px"> </div>from<div style="display:inline-block;width:5.66px"> </div>cash<div style="display:inline-block;width:5.72px"> </div>into </div><div id="a157755" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">securities within UBS’s high<div style="display:inline-block;width:1.62px"> </div>-quality liquid asset portfolio as spreads<div style="display:inline-block;width:5.57px"> </div>widened. In addition,<div style="display:inline-block;width:5.49px"> </div>a portfolio of assets previously </div><div id="a157763" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.3px;">classified<div style="display:inline-block;width:6.25px"> </div>as<div style="display:inline-block;width:6.2px"> </div>Financial<div style="display:inline-block;width:6.31px"> </div>assets<div style="display:inline-block;width:6.14px"> </div>measured<div style="display:inline-block;width:6.53px"> </div>at<div style="display:inline-block;width:5.99px"> </div>fair<div style="display:inline-block;width:6.21px"> </div>value<div style="display:inline-block;width:6.52px"> </div>through<div style="display:inline-block;width:7.09px"> </div>other<div style="display:inline-block;width:6.25px"> </div>comprehensive<div style="display:inline-block;width:6.43px"> </div>income<div style="display:inline-block;width:6.4px"> </div>was<div style="display:inline-block;width:6.3px"> </div>reclassified<div style="display:inline-block;width:6.34px"> </div>to<div style="display:inline-block;width:6.2px"> </div>Other </div><div id="a157765" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.4px;">financial assets measured at amortized<div style="display:inline-block;width:5.22px"> </div>cost in 2022. </div><div id="a157770" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:57.6px;">›</div><div id="a157771" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:57.8px;"> </div><div id="a157772" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:62.4px;">Refer to Note 1b for<div style="display:inline-block;width:1.28px"> </div>more information</div></div><div id="TextBlockContainer1234" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:195px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a157812" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">b) Other non-financial assets</div></div><div id="TextBlockContainer1238" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:154px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1236_XBRL_TS_cd0db702dc804d469d8fe35111df6615" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1237" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:154px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a157816" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a157818" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a157820" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a157822" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:15.6px;">Precious metals and other physical commodities<div style="display:inline-block;width:3.8px"> </div></div><div id="a157824_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:15.6px;">4,471</div><div id="a157827_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:15.6px;">5,258</div><div id="a157830" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:32.2px;">Deposits and collateral provided in connection<div style="display:inline-block;width:4.06px"> </div>with litigation, regulatory and similar matters</div><div id="a157831" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:336.804px;top:32.8px;">1</div><div id="a157833_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:32.2px;">2,205</div><div id="a157836_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:32.2px;">1,526</div><div id="a157839" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.2px;">Prepaid expenses </div><div id="a157841_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:48.2px;">709</div><div id="a157844_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:48.2px;">717</div><div id="a157847" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:64.8px;">VAT,<div style="display:inline-block;width:4.56px"> </div>withholding tax and other tax receivables </div><div id="a157850_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:64.8px;">1,405</div><div id="a157853_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:64.8px;">591</div><div id="a157856" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:81.4px;">Properties and other non<div style="display:inline-block;width:1.36px"> </div>-current assets held for sale </div><div id="a157860_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:81.4px;">279</div><div id="a157863_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:81.4px;">32</div><div id="a157866" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:97.5px;">Assets of disposal group held for sale</div><div id="a157867" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:138.057px;top:98.1px;">2</div><div id="a157870_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:97.5px;">1,093</div><div id="a157873" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:114px;">Other<div style="display:inline-block;width:4.85px"> </div></div><div id="a157875_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:114px;">583</div><div id="a157878_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:114px;">618</div><div id="a157881" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:130.1px;">Total other non-financial<div style="display:inline-block;width:3.83px"> </div>assets </div><div id="a157885_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:130.1px;">9,652</div><div id="a157888_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:130.1px;">9,836</div><div id="a157891" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:145.6px;">1 Refer to Note 17 for more information.<div style="display:inline-block;width:10.19px"> </div>2 Refer to Note 29 for<div style="display:inline-block;width:3.51px"> </div>more information.</div></div></div></div> <div id="TextBlockContainer1229" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:140px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a157672" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a157674" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a157676" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a157678" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:15.6px;">Debt securities </div><div id="a157681_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:15.6px;">44,594</div><div id="a157684_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:15.6px;">18,858</div><div id="a157687" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:32.2px;">Loans to financial advisors </div><div id="a157689_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:32.2px;">2,611</div><div id="a157692_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:32.2px;">2,453</div><div id="a157695" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.3px;">Fee-<div style="display:inline-block;width:2.93px"> </div>and commission-related receivables </div><div id="a157702_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:48.3px;">1,803</div><div id="a157705_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:48.3px;">1,966</div><div id="a157708" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:64.8px;">Finance lease receivables </div><div id="a157710_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:64.8px;">1,314</div><div id="a157713_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:64.8px;">1,356</div><div id="a157716" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:80.9px;">Settlement and clearing accounts<div style="display:inline-block;width:3.59px"> </div></div><div id="a157718_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:80.9px;">1,174</div><div id="a157721_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:80.9px;">455</div><div id="a157724" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:97.5px;">Accrued interest income </div><div id="a157726_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:97.5px;">1,276</div><div id="a157729_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:97.5px;">521</div><div id="a157732" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.6px;">Other </div><div id="a157734_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:113.6px;">618</div><div id="a157737_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:113.6px;">627</div><div id="a157740" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:130.1px;">Total other financial assets<div style="display:inline-block;width:3.86px"> </div>measured at amortized cost </div><div id="a157742_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:130.1px;">53,389</div><div id="a157745_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:130.1px;">26,236</div></div> 44594000000 18858000000 2611000000 2453000000 1803000000 1966000000 1314000000 1356000000 1174000000 455000000 1276000000 521000000 618000000 627000000 53389000000 26236000000 25700000000 <div id="TextBlockContainer1237" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:154px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a157816" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a157818" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a157820" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a157822" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:15.6px;">Precious metals and other physical commodities<div style="display:inline-block;width:3.8px"> </div></div><div id="a157824_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:15.6px;">4,471</div><div id="a157827_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:15.6px;">5,258</div><div id="a157830" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:32.2px;">Deposits and collateral provided in connection<div style="display:inline-block;width:4.06px"> </div>with litigation, regulatory and similar matters</div><div id="a157831" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:336.804px;top:32.8px;">1</div><div id="a157833_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:32.2px;">2,205</div><div id="a157836_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:32.2px;">1,526</div><div id="a157839" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.2px;">Prepaid expenses </div><div id="a157841_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:48.2px;">709</div><div id="a157844_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:48.2px;">717</div><div id="a157847" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:64.8px;">VAT,<div style="display:inline-block;width:4.56px"> </div>withholding tax and other tax receivables </div><div id="a157850_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:64.8px;">1,405</div><div id="a157853_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:64.8px;">591</div><div id="a157856" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:81.4px;">Properties and other non<div style="display:inline-block;width:1.36px"> </div>-current assets held for sale </div><div id="a157860_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:81.4px;">279</div><div id="a157863_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:81.4px;">32</div><div id="a157866" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:97.5px;">Assets of disposal group held for sale</div><div id="a157867" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:138.057px;top:98.1px;">2</div><div id="a157870_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:97.5px;">1,093</div><div id="a157873" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:114px;">Other<div style="display:inline-block;width:4.85px"> </div></div><div id="a157875_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:114px;">583</div><div id="a157878_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:114px;">618</div><div id="a157881" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:130.1px;">Total other non-financial<div style="display:inline-block;width:3.83px"> </div>assets </div><div id="a157885_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:130.1px;">9,652</div><div id="a157888_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:130.1px;">9,836</div><div id="a157891" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:145.6px;">1 Refer to Note 17 for more information.<div style="display:inline-block;width:10.19px"> </div>2 Refer to Note 29 for<div style="display:inline-block;width:3.51px"> </div>more information.</div></div> 4471000000 5258000000 2205000000 1526000000 709000000 717000000 1405000000 591000000 279000000 32000000 1093000000 583000000 618000000 9652000000 9836000000 <div id="TextBlockContainer1240" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:400px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a157895" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 14<div style="display:inline-block;width:8.21px"> </div>Customer deposits, and funding from UBS<div style="display:inline-block;width:5.08px"> </div>Group AG</div></div><div id="TextBlockContainer1242" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:147px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a157899" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">a) Customer deposits</div></div><div id="TextBlockContainer1246" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:106px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1244_XBRL_TS_525f31a524d4446283c8d5daa24b34ac" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1245" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:106px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a157901" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a157903" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a157905" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a157907" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:16.1px;">Demand deposits </div><div id="a157909_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:579.057px;top:16.1px;">182,307</div><div id="a157912_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.19px;top:16.1px;">247,299</div><div id="a157915" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:32.7px;">Retail savings / deposits </div><div id="a157917_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:579.057px;top:32.7px;">149,310</div><div id="a157920_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.19px;top:32.7px;">133,354</div><div id="a157923" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.7px;">Sweep deposits </div><div id="a157926_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:48.7px;">69,223</div><div id="a157929_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.19px;top:48.7px;">113,870</div><div id="a157932" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:65.3px;">Time deposits</div><div id="a157933" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:52.868px;top:65.9px;">1</div><div id="a157935_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:579.057px;top:65.3px;">126,331</div><div id="a157938_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:65.3px;">50,312</div><div id="a157941" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:81.9px;">Total customer deposits </div><div id="a157943_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:579.057px;top:81.9px;">527,171</div><div id="a157946_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.19px;top:81.9px;">544,834</div><div id="a157949" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:96.9px;">1 Includes customer deposits<div style="display:inline-block;width:3.47px"> </div>in UBS AG Jersey Branch<div style="display:inline-block;width:3.64px"> </div>placed by UBS Switzerland<div style="display:inline-block;width:3.65px"> </div>AG on behalf of its clients.</div></div></div></div><div id="TextBlockContainer1248" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:636px;height:14px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a157952" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Increases in interest rates during<div style="display:inline-block;width:5.54px"> </div>the year resulted in significant shifts<div style="display:inline-block;width:5.17px"> </div>from demand deposits<div style="display:inline-block;width:5.35px"> </div>to time deposits.</div></div><div id="TextBlockContainer1250" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:389px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a157956" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">b) Funding from UBS Group AG measured<div style="display:inline-block;width:5.52px"> </div>at amortized cost</div></div><div id="TextBlockContainer1253" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:121px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a157960" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a157962" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a157964" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a157966" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:15.6px;">Senior unsecured debt that<div style="display:inline-block;width:3.71px"> </div>contributes to total loss-absorbing capacity (TLAC) </div><div id="a157970_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:15.6px;">42,073</div><div id="a157973_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:15.6px;">38,984</div><div id="a157976" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:31.7px;">Senior unsecured debt other than<div style="display:inline-block;width:3.73px"> </div>TLAC </div><div id="a157978_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:31.7px;">236</div><div id="a157981_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:31.7px;">4,471</div><div id="a157984" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.2px;">Subordinated debt </div><div id="a157986_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:48.2px;">13,838</div><div id="a157989_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:48.2px;">13,840</div><div id="a157992" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:64.3px;">of which: eligible as high-trigger loss-absorbing additional<div style="display:inline-block;width:3.84px"> </div>tier 1 capital instruments </div><div id="a157998_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:583.79px;top:64.3px;">10,654</div><div id="a158001_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.95px;top:64.3px;">11,414</div><div id="a158004" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:80.9px;">of which: eligible as low-trigger loss-absorbing additional<div style="display:inline-block;width:3.72px"> </div>tier 1 capital instruments </div><div id="a158011_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:588.51px;top:80.9px;">1,187</div><div id="a158014_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:80.9px;">2,426</div><div id="a158017" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:96.5px;">Total funding from UBS<div style="display:inline-block;width:3.98px"> </div>Group AG measured at amortized cost</div><div id="a158018" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:230.777px;top:97.1px;">1</div><div id="a158020_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:96.5px;">56,147</div><div id="a158023_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:96.5px;">57,295</div><div id="a158026" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:112px;">1 UBS AG has also recognized<div style="display:inline-block;width:3.64px"> </div>funding from UBS Group AG<div style="display:inline-block;width:3.93px"> </div>that is designated at fair<div style="display:inline-block;width:3.5px"> </div>value. Refer to Note 18b<div style="display:inline-block;width:4.03px"> </div>for more information.</div></div><div id="TextBlockContainer1256" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:142px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a158030" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">UBS AG uses interest rate and foreign exchange derivatives to manage the risks<div style="display:inline-block;width:2.14px"> </div>inherent in certain debt instruments held </div><div id="a158031" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">at amortized cost.<div style="display:inline-block;width:5.37px"> </div>In some<div style="display:inline-block;width:5.03px"> </div>cases, UBS AG applies<div style="display:inline-block;width:5.22px"> </div>hedge accounting<div style="display:inline-block;width:5.32px"> </div>for interest rate risk<div style="display:inline-block;width:5.29px"> </div>as discussed in<div style="display:inline-block;width:5.41px"> </div>item 2j in<div style="display:inline-block;width:5.2px"> </div>Note </div><div id="a158033" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.7px;">1a<div style="display:inline-block;width:3.51px"> </div>and Note 25.<div style="display:inline-block;width:3.28px"> </div>As a result of<div style="display:inline-block;width:2.06px"> </div>applying hedge accounting, the life-to-date adjustment to the carrying amount of </div><div id="a158041" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:639.925px;top:30.5px;">Funding </div><div id="a158042" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:45.6px;">from UBS Group AG measured at amortized cost</div><div id="a158043" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:280.765px;top:45.9px;"><div style="display:inline-block;width:3.31px"> </div>was a decrease of USD 5.1bn<div style="display:inline-block;width:5.02px"> </div>as of 31 December 2022 and an increase </div><div id="a158050" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">of USD 0.2bn as of 31<div style="display:inline-block;width:5.19px"> </div>December 2021,<div style="display:inline-block;width:4.24px"> </div>reflecting changes in fair value due to<div style="display:inline-block;width:5.14px"> </div>interest rate movements. </div><div id="a158057" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:84.2px;">Subordinated debt<div style="display:inline-block;width:5.65px"> </div>consists of unsecured<div style="display:inline-block;width:5.82px"> </div>debt obligations<div style="display:inline-block;width:5.21px"> </div>that are contractually subordinated<div style="display:inline-block;width:6.39px"> </div>in right of<div style="display:inline-block;width:5.08px"> </div>payment to all </div><div id="a158058" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.3px;">other<div style="display:inline-block;width:5.77px"> </div>present<div style="display:inline-block;width:6.06px"> </div>and<div style="display:inline-block;width:6.08px"> </div>future<div style="display:inline-block;width:5.39px"> </div>non-subordinated<div style="display:inline-block;width:6.43px"> </div>obligations<div style="display:inline-block;width:6.27px"> </div>of<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>respective issuing<div style="display:inline-block;width:7.37px"> </div>entity.<div style="display:inline-block;width:5.64px"> </div>All<div style="display:inline-block;width:5.62px"> </div>of<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>subordinated<div style="display:inline-block;width:6.29px"> </div>debt </div><div id="a158062" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:114.5px;">instruments outstanding as of<div style="display:inline-block;width:5.12px"> </div>31 December 2022 pay a fixed rate of interest. </div><div id="a158067" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:126.6px;">›</div><div id="a158068" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:126.9px;"> </div><div id="a158069" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:131.5px;">Refer to Note 23<div style="display:inline-block;width:1.6px"> </div>for maturity information</div></div> <div id="TextBlockContainer1245" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:106px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a157901" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a157903" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a157905" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a157907" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:16.1px;">Demand deposits </div><div id="a157909_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:579.057px;top:16.1px;">182,307</div><div id="a157912_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.19px;top:16.1px;">247,299</div><div id="a157915" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:32.7px;">Retail savings / deposits </div><div id="a157917_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:579.057px;top:32.7px;">149,310</div><div id="a157920_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.19px;top:32.7px;">133,354</div><div id="a157923" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.7px;">Sweep deposits </div><div id="a157926_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:48.7px;">69,223</div><div id="a157929_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.19px;top:48.7px;">113,870</div><div id="a157932" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:65.3px;">Time deposits</div><div id="a157933" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:52.868px;top:65.9px;">1</div><div id="a157935_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:579.057px;top:65.3px;">126,331</div><div id="a157938_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:65.3px;">50,312</div><div id="a157941" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:81.9px;">Total customer deposits </div><div id="a157943_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:579.057px;top:81.9px;">527,171</div><div id="a157946_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.19px;top:81.9px;">544,834</div><div id="a157949" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:96.9px;">1 Includes customer deposits<div style="display:inline-block;width:3.47px"> </div>in UBS AG Jersey Branch<div style="display:inline-block;width:3.64px"> </div>placed by UBS Switzerland<div style="display:inline-block;width:3.65px"> </div>AG on behalf of its clients.</div></div> 182307000000 247299000000 149310000000 133354000000 69223000000 113870000000 126331000000 50312000000 527171000000 544834000000 <div id="TextBlockContainer1254" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:121px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1252_XBRL_TS_6c3cf349fcd844b48677ea0a46b471b7" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1253" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:121px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a157960" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a157962" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a157964" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a157966" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:15.6px;">Senior unsecured debt that<div style="display:inline-block;width:3.71px"> </div>contributes to total loss-absorbing capacity (TLAC) </div><div id="a157970_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:15.6px;">42,073</div><div id="a157973_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:15.6px;">38,984</div><div id="a157976" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:31.7px;">Senior unsecured debt other than<div style="display:inline-block;width:3.73px"> </div>TLAC </div><div id="a157978_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:31.7px;">236</div><div id="a157981_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:31.7px;">4,471</div><div id="a157984" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.2px;">Subordinated debt </div><div id="a157986_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:48.2px;">13,838</div><div id="a157989_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:48.2px;">13,840</div><div id="a157992" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:64.3px;">of which: eligible as high-trigger loss-absorbing additional<div style="display:inline-block;width:3.84px"> </div>tier 1 capital instruments </div><div id="a157998_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:583.79px;top:64.3px;">10,654</div><div id="a158001_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.95px;top:64.3px;">11,414</div><div id="a158004" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:80.9px;">of which: eligible as low-trigger loss-absorbing additional<div style="display:inline-block;width:3.72px"> </div>tier 1 capital instruments </div><div id="a158011_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:588.51px;top:80.9px;">1,187</div><div id="a158014_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:80.9px;">2,426</div><div id="a158017" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:96.5px;">Total funding from UBS<div style="display:inline-block;width:3.98px"> </div>Group AG measured at amortized cost</div><div id="a158018" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:230.777px;top:97.1px;">1</div><div id="a158020_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:96.5px;">56,147</div><div id="a158023_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:96.5px;">57,295</div><div id="a158026" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:112px;">1 UBS AG has also recognized<div style="display:inline-block;width:3.64px"> </div>funding from UBS Group AG<div style="display:inline-block;width:3.93px"> </div>that is designated at fair<div style="display:inline-block;width:3.5px"> </div>value. Refer to Note 18b<div style="display:inline-block;width:4.03px"> </div>for more information.</div></div></div></div> 42073000000 38984000000 236000000 4471000000 13838000000 13840000000 10654000000 11414000000 1187000000 2426000000 56147000000 57295000000 <div id="TextBlockContainer1258" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:297px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a158077" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 15<div style="display:inline-block;width:8.21px"> </div>Debt issued designated at fair<div style="display:inline-block;width:5.12px"> </div>value</div></div><div id="TextBlockContainer1262" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:170px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1260_XBRL_TS_34a3650a1ddf423d96b58788a6b1583d" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1261" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:170px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a158082" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a158084" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a158086" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a158088" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:14.7px;">Issued debt instruments </div><div id="a158092" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:30.3px;">Equity-linked</div><div id="a158095" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:50.03px;top:30.9px;">1</div><div id="a158097_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:30.3px;">41,901</div><div id="a158100_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:30.3px;">47,059</div><div id="a158103" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:45.4px;">Rates-linked </div><div id="a158107_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:45.4px;">16,276</div><div id="a158110_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:45.4px;">16,369</div><div id="a158113" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:60.6px;">Credit-linked </div><div id="a158117_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:60.6px;">2,170</div><div id="a158120_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:60.6px;">1,723</div><div id="a158123" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:76.2px;">Fixed-rate </div><div id="a158127_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:76.2px;">6,538</div><div id="a158130_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:76.2px;">2,868</div><div id="a158133" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:91.3px;">Commodity-linked </div><div id="a158137_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:91.3px;">4,294</div><div id="a158140_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:91.3px;">2,911</div><div id="a158143" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:106.9px;">Other </div><div id="a158145_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:106.9px;">663</div><div id="a158148_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:106.9px;">529</div><div id="a158151" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:121.6px;">Total debt issued designated<div style="display:inline-block;width:3.96px"> </div>at fair value </div><div id="a158154_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:121.6px;">71,842</div><div id="a158157_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:121.6px;">71,460</div><div id="a158160" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:136.7px;">of which: issued by UBS AG with original maturity greater<div style="display:inline-block;width:3.95px"> </div>than one year</div><div id="a158161" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:273.844px;top:137.4px;">2</div><div id="a158163_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:583.79px;top:136.7px;">57,750</div><div id="a158166_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.95px;top:136.7px;">57,967</div><div id="a158169" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:151.8px;">1 Includes investment fund unit-linked instruments<div style="display:inline-block;width:3.69px"> </div>issued.<div style="display:inline-block;width:8.11px"> </div>2 Based on original contractual<div style="display:inline-block;width:3.48px"> </div>maturity without considering any early<div style="display:inline-block;width:3.63px"> </div>redemption features. As of 31 December 2022, </div><div id="a158169_178_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:563.225px;top:151.8px;">100</div><div id="a158169_181_31" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:575.994px;top:151.8px;">% of the balance was unsecured </div><div id="a158175" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:161.7px;">(31 December 2021: </div><div id="a158175_19_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:69.86px;top:161.7px;">100</div><div id="a158175_22_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:82.629px;top:161.7px;">%).</div></div></div></div> <div id="TextBlockContainer1261" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:170px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a158082" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a158084" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a158086" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a158088" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:14.7px;">Issued debt instruments </div><div id="a158092" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:30.3px;">Equity-linked</div><div id="a158095" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:50.03px;top:30.9px;">1</div><div id="a158097_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:30.3px;">41,901</div><div id="a158100_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:30.3px;">47,059</div><div id="a158103" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:45.4px;">Rates-linked </div><div id="a158107_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:45.4px;">16,276</div><div id="a158110_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:45.4px;">16,369</div><div id="a158113" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:60.6px;">Credit-linked </div><div id="a158117_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:60.6px;">2,170</div><div id="a158120_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:60.6px;">1,723</div><div id="a158123" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:76.2px;">Fixed-rate </div><div id="a158127_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:76.2px;">6,538</div><div id="a158130_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:76.2px;">2,868</div><div id="a158133" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:91.3px;">Commodity-linked </div><div id="a158137_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:91.3px;">4,294</div><div id="a158140_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:91.3px;">2,911</div><div id="a158143" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:106.9px;">Other </div><div id="a158145_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:106.9px;">663</div><div id="a158148_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:106.9px;">529</div><div id="a158151" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:121.6px;">Total debt issued designated<div style="display:inline-block;width:3.96px"> </div>at fair value </div><div id="a158154_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:121.6px;">71,842</div><div id="a158157_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:121.6px;">71,460</div><div id="a158160" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:136.7px;">of which: issued by UBS AG with original maturity greater<div style="display:inline-block;width:3.95px"> </div>than one year</div><div id="a158161" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:273.844px;top:137.4px;">2</div><div id="a158163_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:583.79px;top:136.7px;">57,750</div><div id="a158166_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.95px;top:136.7px;">57,967</div><div id="a158169" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:151.8px;">1 Includes investment fund unit-linked instruments<div style="display:inline-block;width:3.69px"> </div>issued.<div style="display:inline-block;width:8.11px"> </div>2 Based on original contractual<div style="display:inline-block;width:3.48px"> </div>maturity without considering any early<div style="display:inline-block;width:3.63px"> </div>redemption features. As of 31 December 2022, </div><div id="a158169_178_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:563.225px;top:151.8px;">100</div><div id="a158169_181_31" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:575.994px;top:151.8px;">% of the balance was unsecured </div><div id="a158175" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:161.7px;">(31 December 2021: </div><div id="a158175_19_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:69.86px;top:161.7px;">100</div><div id="a158175_22_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:82.629px;top:161.7px;">%).</div></div> 41901000000 47059000000 16276000000 16369000000 2170000000 1723000000 6538000000 2868000000 4294000000 2911000000 663000000 529000000 71842000000 71460000000 57750000000 57967000000 1 1 <div id="TextBlockContainer1264" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:322px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a158210" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 16<div style="display:inline-block;width:8.21px"> </div>Debt issued measured at amortized<div style="display:inline-block;width:5.08px"> </div>cost</div></div><div id="TextBlockContainer1268" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:207px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1266_XBRL_TS_568ee7e5f31d4cc2bdf73423691ec3bf" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1267" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:207px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a158215" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a158217" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a158219" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a158221" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:15.6px;">Short-term debt</div><div id="a158224" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:60.908px;top:16.2px;">1</div><div id="a158226_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:15.6px;">29,676</div><div id="a158229_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:15.6px;">43,098</div><div id="a158232" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:31.7px;">Senior unsecured debt </div><div id="a158234_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:31.7px;">17,892</div><div id="a158237_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:31.7px;">23,328</div><div id="a158240" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:48.3px;">of which: issued by UBS AG with original maturity greater<div style="display:inline-block;width:3.95px"> </div>than one year </div><div id="a158242_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:583.79px;top:48.3px;">17,892</div><div id="a158245_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.95px;top:48.3px;">23,307</div><div id="a158248" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:64.8px;">Covered bonds </div><div id="a158250_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:605.564px;top:64.8px;">0</div><div id="a158253_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:64.8px;">1,389</div><div id="a158256" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:80.9px;">Subordinated debt </div><div id="a158258_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:80.9px;">2,968</div><div id="a158261_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:80.9px;">5,163</div><div id="a158264" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:97.5px;">of which: eligible as low-trigger loss-absorbing tier 2 capital<div style="display:inline-block;width:4.04px"> </div>instruments </div><div id="a158271_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:588.51px;top:97.5px;">2,422</div><div id="a158274_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:97.5px;">2,596</div><div id="a158277" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:113.6px;">of which: eligible as non-Basel III-compliant tier 2 capital<div style="display:inline-block;width:3.81px"> </div>instruments </div><div id="a158283_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:595.604px;top:113.6px;">536</div><div id="a158286_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.764px;top:113.6px;">547</div><div id="a158289" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:130.1px;">Debt issued through the Swiss central mortgage<div style="display:inline-block;width:3.83px"> </div>institutions </div><div id="a158291_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:130.1px;">8,962</div><div id="a158294_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:130.1px;">9,454</div><div id="a158297" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:146.2px;">Long-term debt</div><div id="a158300" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:59.489px;top:146.8px;">2</div><div id="a158302_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:146.2px;">29,823</div><div id="a158305_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:146.2px;">39,334</div><div id="a158308" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:162.7px;">Total debt issued<div style="display:inline-block;width:3.77px"> </div>measured at amortized cost</div><div id="a158309" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:168.324px;top:163.4px;">3</div><div id="a158311_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:162.7px;">59,499</div><div id="a158314_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:162.7px;">82,432</div><div id="a158317" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:178.2px;">1 Debt with an<div style="display:inline-block;width:3.5px"> </div>original contractual maturity<div style="display:inline-block;width:4.09px"> </div>of less than one year,<div style="display:inline-block;width:4.58px"> </div>includes mainly certificates<div style="display:inline-block;width:4.1px"> </div>of deposit and commercial<div style="display:inline-block;width:4.4px"> </div>paper.<div style="display:inline-block;width:10.18px"> </div>2 Debt with an<div style="display:inline-block;width:3.49px"> </div>original contractual<div style="display:inline-block;width:3.78px"> </div>maturity greater than<div style="display:inline-block;width:3.8px"> </div>or equal to one year.<div style="display:inline-block;width:4.57px"> </div>The </div><div id="a158321" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:188.2px;">classification of<div style="display:inline-block;width:4.09px"> </div>debt issued<div style="display:inline-block;width:3.63px"> </div>into short<div style="display:inline-block;width:1.62px"> </div>-term and<div style="display:inline-block;width:3.67px"> </div>long-term does<div style="display:inline-block;width:4.24px"> </div>not consider<div style="display:inline-block;width:4.09px"> </div>any early<div style="display:inline-block;width:3.64px"> </div>redemption<div style="display:inline-block;width:3.45px"> </div>features.<div style="display:inline-block;width:11.68px"> </div>3 Net<div style="display:inline-block;width:3.64px"> </div>of bifurcated<div style="display:inline-block;width:3.79px"> </div>embedded<div style="display:inline-block;width:3.47px"> </div>derivatives,<div style="display:inline-block;width:3.45px"> </div>the fair<div style="display:inline-block;width:3.95px"> </div>value of<div style="display:inline-block;width:4.15px"> </div>which was<div style="display:inline-block;width:4.42px"> </div>not material<div style="display:inline-block;width:3.62px"> </div>for the<div style="display:inline-block;width:4.1px"> </div>periods </div><div id="a158328" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:198.1px;">presented.</div></div></div></div><div id="TextBlockContainer1270" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:142px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a158331" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">UBS AG uses interest rate and foreign exchange derivatives to manage the risks inherent in certain debt<div style="display:inline-block;width:2.24px"> </div>instruments held </div><div id="a158336" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">at amortized cost.<div style="display:inline-block;width:5.37px"> </div>In some<div style="display:inline-block;width:5.03px"> </div>cases, UBS AG applies<div style="display:inline-block;width:5.22px"> </div>hedge accounting<div style="display:inline-block;width:5.32px"> </div>for interest rate risk<div style="display:inline-block;width:5.29px"> </div>as discussed in<div style="display:inline-block;width:5.41px"> </div>item 2j<div style="display:inline-block;width:4.55px"> </div>in Note </div><div id="a158343" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.7px;">1a<div style="display:inline-block;width:4.46px"> </div>and Note<div style="display:inline-block;width:5.5px"> </div>25.<div style="display:inline-block;width:4.77px"> </div>As a<div style="display:inline-block;width:5.04px"> </div>result of applying<div style="display:inline-block;width:5.94px"> </div>hedge accounting,<div style="display:inline-block;width:5.89px"> </div>the life-to-date adjustment<div style="display:inline-block;width:6.03px"> </div>to the carrying<div style="display:inline-block;width:6.14px"> </div>amount of<div style="display:inline-block;width:5.21px"> </div>debt </div><div id="a158359" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.9px;">issued was<div style="display:inline-block;width:5.42px"> </div>a decrease of<div style="display:inline-block;width:5.65px"> </div>USD </div><div id="a158359_29_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:179.498px;top:45.9px;">1.0</div><div id="a158359_32_49" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:197.942px;top:45.9px;">bn as of<div style="display:inline-block;width:5.51px"> </div>31 December 2022<div style="display:inline-block;width:6.06px"> </div>and an increase<div style="display:inline-block;width:5.58px"> </div>of USD </div><div id="a158359_81_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:501.778px;top:45.9px;">0.3</div><div id="a158359_84_27" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:520.695px;top:45.9px;">bn as of 31<div style="display:inline-block;width:5.98px"> </div>December 2021, </div><div id="a158376" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">reflecting changes in fair value due<div style="display:inline-block;width:5.46px"> </div>to interest rate movements. </div><div id="a158378" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:84.2px;">Subordinated debt<div style="display:inline-block;width:5.65px"> </div>consists of unsecured<div style="display:inline-block;width:5.82px"> </div>debt obligations<div style="display:inline-block;width:5.39px"> </div>that are contractually subordinated<div style="display:inline-block;width:6.5px"> </div>in right of<div style="display:inline-block;width:5.08px"> </div>payment to all </div><div id="a158382" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.3px;">other<div style="display:inline-block;width:5.77px"> </div>present<div style="display:inline-block;width:6.06px"> </div>and<div style="display:inline-block;width:6.08px"> </div>future<div style="display:inline-block;width:5.39px"> </div>non-subordinated<div style="display:inline-block;width:6.37px"> </div>obligations<div style="display:inline-block;width:6.27px"> </div>of<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.85px"> </div>respective issuing<div style="display:inline-block;width:7.37px"> </div>entity.<div style="display:inline-block;width:5.73px"> </div>All<div style="display:inline-block;width:5.62px"> </div>of<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>subordinated<div style="display:inline-block;width:6.29px"> </div>debt </div><div id="a158387" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:115px;">instruments outstanding as of<div style="display:inline-block;width:5.12px"> </div>31 December 2022 pay a fixed rate of inte<div style="display:inline-block;width:1.49px"> </div>rest. </div><div id="a158393" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:126.7px;">›</div><div id="a158394" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:126.9px;"> </div><div id="a158395" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:131.5px;">Refer to Note 23<div style="display:inline-block;width:1.6px"> </div>for maturity information</div></div> <div id="TextBlockContainer1267" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:207px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a158215" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a158217" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a158219" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a158221" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:15.6px;">Short-term debt</div><div id="a158224" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:60.908px;top:16.2px;">1</div><div id="a158226_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:15.6px;">29,676</div><div id="a158229_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:15.6px;">43,098</div><div id="a158232" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:31.7px;">Senior unsecured debt </div><div id="a158234_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:31.7px;">17,892</div><div id="a158237_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:31.7px;">23,328</div><div id="a158240" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:48.3px;">of which: issued by UBS AG with original maturity greater<div style="display:inline-block;width:3.95px"> </div>than one year </div><div id="a158242_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:583.79px;top:48.3px;">17,892</div><div id="a158245_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.95px;top:48.3px;">23,307</div><div id="a158248" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:64.8px;">Covered bonds </div><div id="a158250_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:605.564px;top:64.8px;">0</div><div id="a158253_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:64.8px;">1,389</div><div id="a158256" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:80.9px;">Subordinated debt </div><div id="a158258_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:80.9px;">2,968</div><div id="a158261_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:80.9px;">5,163</div><div id="a158264" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:97.5px;">of which: eligible as low-trigger loss-absorbing tier 2 capital<div style="display:inline-block;width:4.04px"> </div>instruments </div><div id="a158271_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:588.51px;top:97.5px;">2,422</div><div id="a158274_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:97.5px;">2,596</div><div id="a158277" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:113.6px;">of which: eligible as non-Basel III-compliant tier 2 capital<div style="display:inline-block;width:3.81px"> </div>instruments </div><div id="a158283_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:595.604px;top:113.6px;">536</div><div id="a158286_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.764px;top:113.6px;">547</div><div id="a158289" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:130.1px;">Debt issued through the Swiss central mortgage<div style="display:inline-block;width:3.83px"> </div>institutions </div><div id="a158291_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:130.1px;">8,962</div><div id="a158294_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:130.1px;">9,454</div><div id="a158297" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:146.2px;">Long-term debt</div><div id="a158300" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:59.489px;top:146.8px;">2</div><div id="a158302_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:146.2px;">29,823</div><div id="a158305_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:146.2px;">39,334</div><div id="a158308" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:162.7px;">Total debt issued<div style="display:inline-block;width:3.77px"> </div>measured at amortized cost</div><div id="a158309" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:168.324px;top:163.4px;">3</div><div id="a158311_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:162.7px;">59,499</div><div id="a158314_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:162.7px;">82,432</div><div id="a158317" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:178.2px;">1 Debt with an<div style="display:inline-block;width:3.5px"> </div>original contractual maturity<div style="display:inline-block;width:4.09px"> </div>of less than one year,<div style="display:inline-block;width:4.58px"> </div>includes mainly certificates<div style="display:inline-block;width:4.1px"> </div>of deposit and commercial<div style="display:inline-block;width:4.4px"> </div>paper.<div style="display:inline-block;width:10.18px"> </div>2 Debt with an<div style="display:inline-block;width:3.49px"> </div>original contractual<div style="display:inline-block;width:3.78px"> </div>maturity greater than<div style="display:inline-block;width:3.8px"> </div>or equal to one year.<div style="display:inline-block;width:4.57px"> </div>The </div><div id="a158321" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:188.2px;">classification of<div style="display:inline-block;width:4.09px"> </div>debt issued<div style="display:inline-block;width:3.63px"> </div>into short<div style="display:inline-block;width:1.62px"> </div>-term and<div style="display:inline-block;width:3.67px"> </div>long-term does<div style="display:inline-block;width:4.24px"> </div>not consider<div style="display:inline-block;width:4.09px"> </div>any early<div style="display:inline-block;width:3.64px"> </div>redemption<div style="display:inline-block;width:3.45px"> </div>features.<div style="display:inline-block;width:11.68px"> </div>3 Net<div style="display:inline-block;width:3.64px"> </div>of bifurcated<div style="display:inline-block;width:3.79px"> </div>embedded<div style="display:inline-block;width:3.47px"> </div>derivatives,<div style="display:inline-block;width:3.45px"> </div>the fair<div style="display:inline-block;width:3.95px"> </div>value of<div style="display:inline-block;width:4.15px"> </div>which was<div style="display:inline-block;width:4.42px"> </div>not material<div style="display:inline-block;width:3.62px"> </div>for the<div style="display:inline-block;width:4.1px"> </div>periods </div><div id="a158328" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:198.1px;">presented.</div></div> 29676000000 43098000000 17892000000 23328000000 17892000000 23307000000 0 1389000000 2968000000 5163000000 2422000000 2596000000 536000000 547000000 8962000000 9454000000 29823000000 39334000000 59499000000 82432000000 -1000000000.0 300000000 <div id="TextBlockContainer1276" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:338px;height:74px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1272_XBRL_TS_57220cfbb3a94a9e8ddca334623e778f" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1273" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:294px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a158404" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 17<div style="display:inline-block;width:8.21px"> </div>Provisions and contingent liabilities</div></div></div><div id="a158404_46_1" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:284.072px;top:0px;"> </div><div id="a158409" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:16.9px;"> </div><div id="div_1274_XBRL_TS_59190302a960455e9c6b7857d9da6243" style="position:absolute;left:0px;top:29.8px;float:left;"><div id="TextBlockContainer1275" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:338px;height:44px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a158410" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">a) Provisions </div><div id="a158412" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.6px;">The table below presents<div style="display:inline-block;width:5.08px"> </div>an overview of total provisions.</div></div></div></div><div id="TextBlockContainer1281" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:60px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1279_XBRL_TS_44b209601d504cfab0a85feca9ef9ed8" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1280" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:60px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a158415" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a158418" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a158420" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a158422" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:12.8px;">Provisions other than provisions for expected credit<div style="display:inline-block;width:3.96px"> </div>losses </div><div id="a158426_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:12.8px;">2,982</div><div id="a158429_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:12.8px;">3,256</div><div id="a158432" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:25.5px;">Provisions for expected credit losses</div><div id="a158433" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:132.857px;top:26.2px;">1 </div><div id="a158436_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:25.5px;">201</div><div id="a158439_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:25.5px;">196</div><div id="a158442" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:37.8px;">Total provisions </div><div id="a158445_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:37.8px;">3,183</div><div id="a158448_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:37.8px;">3,452</div><div id="a158451" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:51.4px;">1 Refer to Note 9 for more information<div style="display:inline-block;width:3.95px"> </div>about ECL provisions recognized<div style="display:inline-block;width:3.92px"> </div>for off-balance sheet financial<div style="display:inline-block;width:4.13px"> </div>instruments and credit lines.</div></div></div></div><div id="TextBlockContainer1286" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:661px;height:14px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1284_XBRL_TS_e17f9f275e004648b305842a65d8cc8a" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1285" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:661px;height:14px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a158458" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">The following table presents<div style="display:inline-block;width:5.16px"> </div>additional information for provisions<div style="display:inline-block;width:5.38px"> </div>other than provisions for expected credit<div style="display:inline-block;width:5.28px"> </div>losses.</div></div></div></div><div id="TextBlockContainer1292" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:146px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1288_XBRL_TS_7ce23f4b635247f59d32c009826ed90d" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1291" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:146px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1289_XBRL_TS_49ab1124f08c4b4cb47e6bf79104d941" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1290" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:146px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a158462" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:23.2px;">USD m </div><div id="a158464" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.67px;top:0px;">Litigation, </div><div id="a158465" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.644px;top:11.4px;">regulatory and </div><div id="a158466" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:415.337px;top:23.2px;">similar matters</div><div id="a158467" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:468.337px;top:23.8px;">1</div><div id="a158469" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:493.897px;top:23.2px;">Restructuring </div><div id="a158471" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.097px;top:23.2px;">Other</div><div id="a158472" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:607.937px;top:23.8px;">3</div><div id="a158474" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:638.67px;top:23.2px;">Total 2022 </div><div id="a158476" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:35.5px;">Balance at the beginning of the<div style="display:inline-block;width:3.77px"> </div>year </div><div id="a158478_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:449.884px;top:35.5px;">2,798</div><div id="a158481_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:527.484px;top:35.5px;">137</div><div id="a158484_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:35.5px;">321</div><div id="a158487_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.67px;top:35.5px;">3,256</div><div id="a158490" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.7px;">Increase in provisions recognized in the income statement </div><div id="a158492_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.977px;top:48.7px;">406</div><div id="a158495_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:527.484px;top:48.7px;">174</div><div id="a158498_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.844px;top:48.7px;">49</div><div id="a158501_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:663.764px;top:48.7px;">629</div><div id="a158504" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:61.5px;">Release of provisions recognized in the income statement </div><div id="a158506_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.977px;top:61.5px;display:flex;">(57)</div><div id="a158509_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:527.484px;top:61.5px;display:flex;">(19)</div><div id="a158512_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:61.5px;display:flex;">(32)</div><div id="a158515_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:659.044px;top:61.5px;display:flex;">(109)</div><div id="a158518" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:74.8px;">Provisions used in conformity with designated purpose </div><div id="a158520_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:452.257px;top:74.8px;display:flex;">(470)</div><div id="a158523_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:522.75px;top:74.8px;display:flex;">(189)</div><div id="a158526_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:74.8px;display:flex;">(31)</div><div id="a158529_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:659.044px;top:74.8px;display:flex;">(689)</div><div id="a158532" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:87.5px;">Capitalized reinstatement costs </div><div id="a158534_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:466.91px;top:87.5px;">0</div><div id="a158537_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:537.404px;top:87.5px;">0</div><div id="a158540_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.564px;top:87.5px;">1</div><div id="a158543_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:673.697px;top:87.5px;">1</div><div id="a158546" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:100.8px;">Foreign currency translation / unwind<div style="display:inline-block;width:4.01px"> </div>of discount </div><div id="a158548_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.977px;top:100.8px;display:flex;">(90)</div><div id="a158551_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.204px;top:100.8px;display:flex;">(5)</div><div id="a158554_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:100.8px;display:flex;">(11)</div><div id="a158557_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:659.044px;top:100.8px;display:flex;">(106)</div><div id="a158560" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.5px;">Balance at the end of the year<div style="display:inline-block;width:3.64px"> </div></div><div id="a158562_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:449.884px;top:113.5px;">2,586</div><div id="a158565_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.364px;top:113.5px;">98</div><div id="a158567" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:114.2px;">2 </div><div id="a158569_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:113.5px;">297</div><div id="a158572_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.67px;top:113.5px;">2,982</div><div id="a158575" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:127.6px;">1 Consists of provisions<div style="display:inline-block;width:3.75px"> </div>for losses resulting<div style="display:inline-block;width:3.45px"> </div>from legal, liability<div style="display:inline-block;width:4.25px"> </div>and compliance risks.<div style="display:inline-block;width:11.19px"> </div>2 Consists of personnel-related<div style="display:inline-block;width:4.37px"> </div>restructuring<div style="display:inline-block;width:3.47px"> </div>provisions of USD </div><div id="a158575_157_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:480.097px;top:127.6px;">70</div><div id="a158575_159_48" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:489.082px;top:127.6px;">m as of 31 December<div style="display:inline-block;width:3.97px"> </div>2022 (31 December<div style="display:inline-block;width:3.55px"> </div>2021: USD </div><div id="a158575_207_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:661.219px;top:127.6px;">90</div><div id="a158575_209_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:669.731px;top:127.6px;">m) </div><div id="a158583" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:137.6px;">and provisions for onerous contracts<div style="display:inline-block;width:3.91px"> </div>of USD </div><div id="a158583_44_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:142.687px;top:137.6px;">28</div><div id="a158583_46_48" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:151.672px;top:137.6px;">m as of 31 December 2022<div style="display:inline-block;width:3.55px"> </div>(31 December 2021: USD </div><div id="a158583_94_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:321.917px;top:137.6px;">47</div><div id="a158583_96_100" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:330.43px;top:137.6px;">m).<div style="display:inline-block;width:8.36px"> </div>3 Mainly includes<div style="display:inline-block;width:3.59px"> </div>provisions related to real<div style="display:inline-block;width:3.6px"> </div>estate, employee benefits and<div style="display:inline-block;width:3.8px"> </div>operational risks.</div></div></div></div></div></div><div id="TextBlockContainer1296" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:128px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1294_XBRL_TS_b6104d0eade844a49623572eb70cd6ba" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1295" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:128px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a158589" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Restructuring<div style="display:inline-block;width:5.82px"> </div>provisions<div style="display:inline-block;width:6.26px"> </div>relate<div style="display:inline-block;width:5.98px"> </div>to<div style="display:inline-block;width:5.72px"> </div>personnel-related<div style="display:inline-block;width:6.31px"> </div>provisions<div style="display:inline-block;width:6.26px"> </div>and<div style="display:inline-block;width:6.08px"> </div>onerous<div style="display:inline-block;width:6.15px"> </div>contracts.<div style="display:inline-block;width:5.37px"> </div>Personnel-related<div style="display:inline-block;width:6.61px"> </div>restructuring </div><div id="a158594" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.2px;">provisions are<div style="display:inline-block;width:5.5px"> </div>generally used<div style="display:inline-block;width:5.6px"> </div>within a short<div style="display:inline-block;width:6.18px"> </div>period of<div style="display:inline-block;width:5.23px"> </div>time. The<div style="display:inline-block;width:5.2px"> </div>level of<div style="display:inline-block;width:5.42px"> </div>personnel-related<div style="display:inline-block;width:5.5px"> </div>provisions<div style="display:inline-block;width:5.31px"> </div>can change<div style="display:inline-block;width:5.24px"> </div>when </div><div id="a158597" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">natural<div style="display:inline-block;width:5.2px"> </div>staff<div style="display:inline-block;width:5.5px"> </div>attrition<div style="display:inline-block;width:5.79px"> </div>reduces<div style="display:inline-block;width:5.54px"> </div>the<div style="display:inline-block;width:5.25px"> </div>number<div style="display:inline-block;width:5.5px"> </div>of<div style="display:inline-block;width:5.25px"> </div>people<div style="display:inline-block;width:5.23px"> </div>affected by<div style="display:inline-block;width:6.5px"> </div>a<div style="display:inline-block;width:5.2px"> </div>restructuring<div style="display:inline-block;width:6.17px"> </div>event,<div style="display:inline-block;width:5.15px"> </div>and<div style="display:inline-block;width:5.61px"> </div>therefore<div style="display:inline-block;width:5.47px"> </div>results<div style="display:inline-block;width:5.33px"> </div>in<div style="display:inline-block;width:5.3px"> </div>lower </div><div id="a158599" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.9px;">estimated costs. Onerous contracts<div style="display:inline-block;width:2.17px"> </div>for property are<div style="display:inline-block;width:2.27px"> </div>recognized when UBS is<div style="display:inline-block;width:1.98px"> </div>committed to pay<div style="display:inline-block;width:2.11px"> </div>for non-lease components, </div><div id="a158602" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">such as<div style="display:inline-block;width:6.08px"> </div>utilities, service<div style="display:inline-block;width:6.22px"> </div>charges, taxes<div style="display:inline-block;width:6.27px"> </div>and<div style="display:inline-block;width:5.13px"> </div>maintenance,<div style="display:inline-block;width:5.3px"> </div>when<div style="display:inline-block;width:5.24px"> </div>a property<div style="display:inline-block;width:5.96px"> </div>is<div style="display:inline-block;width:5.15px"> </div>vacated<div style="display:inline-block;width:5.32px"> </div>or not<div style="display:inline-block;width:6.08px"> </div>fully recovered<div style="display:inline-block;width:6.54px"> </div>from sub-</div><div id="a158605" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;">tenants.<div style="display:inline-block;width:4.07px"> </div></div><div id="a158607" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.4px;">Information about<div style="display:inline-block;width:5.75px"> </div>provisions and<div style="display:inline-block;width:5.35px"> </div>contingent liabilities in<div style="display:inline-block;width:5.38px"> </div>respect of litigation,<div style="display:inline-block;width:5.9px"> </div>regulatory and<div style="display:inline-block;width:5.32px"> </div>similar matters,<div style="display:inline-block;width:5.22px"> </div>as a class, </div><div id="a158609" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:114.5px;">is included in Note 17b.<div style="display:inline-block;width:5.15px"> </div>There are no material contingent liabilities associated<div style="display:inline-block;width:5.44px"> </div>with the other classes of provisions.</div></div></div></div> <div id="TextBlockContainer1273" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:294px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a158404" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 17<div style="display:inline-block;width:8.21px"> </div>Provisions and contingent liabilities</div></div><div id="TextBlockContainer1275" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:338px;height:44px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a158410" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">a) Provisions </div><div id="a158412" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.6px;">The table below presents<div style="display:inline-block;width:5.08px"> </div>an overview of total provisions.</div></div><div id="TextBlockContainer1280" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:60px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a158415" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a158418" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a158420" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a158422" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:12.8px;">Provisions other than provisions for expected credit<div style="display:inline-block;width:3.96px"> </div>losses </div><div id="a158426_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:12.8px;">2,982</div><div id="a158429_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:12.8px;">3,256</div><div id="a158432" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:25.5px;">Provisions for expected credit losses</div><div id="a158433" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:132.857px;top:26.2px;">1 </div><div id="a158436_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:25.5px;">201</div><div id="a158439_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:25.5px;">196</div><div id="a158442" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:37.8px;">Total provisions </div><div id="a158445_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:37.8px;">3,183</div><div id="a158448_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:37.8px;">3,452</div><div id="a158451" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:51.4px;">1 Refer to Note 9 for more information<div style="display:inline-block;width:3.95px"> </div>about ECL provisions recognized<div style="display:inline-block;width:3.92px"> </div>for off-balance sheet financial<div style="display:inline-block;width:4.13px"> </div>instruments and credit lines.</div></div><div id="TextBlockContainer1285" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:661px;height:14px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a158458" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">The following table presents<div style="display:inline-block;width:5.16px"> </div>additional information for provisions<div style="display:inline-block;width:5.38px"> </div>other than provisions for expected credit<div style="display:inline-block;width:5.28px"> </div>losses.</div></div><div id="TextBlockContainer1290" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:146px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a158462" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:23.2px;">USD m </div><div id="a158464" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.67px;top:0px;">Litigation, </div><div id="a158465" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.644px;top:11.4px;">regulatory and </div><div id="a158466" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:415.337px;top:23.2px;">similar matters</div><div id="a158467" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:468.337px;top:23.8px;">1</div><div id="a158469" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:493.897px;top:23.2px;">Restructuring </div><div id="a158471" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.097px;top:23.2px;">Other</div><div id="a158472" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:607.937px;top:23.8px;">3</div><div id="a158474" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:638.67px;top:23.2px;">Total 2022 </div><div id="a158476" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:35.5px;">Balance at the beginning of the<div style="display:inline-block;width:3.77px"> </div>year </div><div id="a158478_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:449.884px;top:35.5px;">2,798</div><div id="a158481_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:527.484px;top:35.5px;">137</div><div id="a158484_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:35.5px;">321</div><div id="a158487_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.67px;top:35.5px;">3,256</div><div id="a158490" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.7px;">Increase in provisions recognized in the income statement </div><div id="a158492_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.977px;top:48.7px;">406</div><div id="a158495_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:527.484px;top:48.7px;">174</div><div id="a158498_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.844px;top:48.7px;">49</div><div id="a158501_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:663.764px;top:48.7px;">629</div><div id="a158504" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:61.5px;">Release of provisions recognized in the income statement </div><div id="a158506_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.977px;top:61.5px;display:flex;">(57)</div><div id="a158509_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:527.484px;top:61.5px;display:flex;">(19)</div><div id="a158512_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:61.5px;display:flex;">(32)</div><div id="a158515_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:659.044px;top:61.5px;display:flex;">(109)</div><div id="a158518" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:74.8px;">Provisions used in conformity with designated purpose </div><div id="a158520_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:452.257px;top:74.8px;display:flex;">(470)</div><div id="a158523_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:522.75px;top:74.8px;display:flex;">(189)</div><div id="a158526_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:74.8px;display:flex;">(31)</div><div id="a158529_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:659.044px;top:74.8px;display:flex;">(689)</div><div id="a158532" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:87.5px;">Capitalized reinstatement costs </div><div id="a158534_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:466.91px;top:87.5px;">0</div><div id="a158537_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:537.404px;top:87.5px;">0</div><div id="a158540_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.564px;top:87.5px;">1</div><div id="a158543_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:673.697px;top:87.5px;">1</div><div id="a158546" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:100.8px;">Foreign currency translation / unwind<div style="display:inline-block;width:4.01px"> </div>of discount </div><div id="a158548_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.977px;top:100.8px;display:flex;">(90)</div><div id="a158551_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.204px;top:100.8px;display:flex;">(5)</div><div id="a158554_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:100.8px;display:flex;">(11)</div><div id="a158557_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:659.044px;top:100.8px;display:flex;">(106)</div><div id="a158560" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.5px;">Balance at the end of the year<div style="display:inline-block;width:3.64px"> </div></div><div id="a158562_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:449.884px;top:113.5px;">2,586</div><div id="a158565_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.364px;top:113.5px;">98</div><div id="a158567" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:114.2px;">2 </div><div id="a158569_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:113.5px;">297</div><div id="a158572_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.67px;top:113.5px;">2,982</div><div id="a158575" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:127.6px;">1 Consists of provisions<div style="display:inline-block;width:3.75px"> </div>for losses resulting<div style="display:inline-block;width:3.45px"> </div>from legal, liability<div style="display:inline-block;width:4.25px"> </div>and compliance risks.<div style="display:inline-block;width:11.19px"> </div>2 Consists of personnel-related<div style="display:inline-block;width:4.37px"> </div>restructuring<div style="display:inline-block;width:3.47px"> </div>provisions of USD </div><div id="a158575_157_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:480.097px;top:127.6px;">70</div><div id="a158575_159_48" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:489.082px;top:127.6px;">m as of 31 December<div style="display:inline-block;width:3.97px"> </div>2022 (31 December<div style="display:inline-block;width:3.55px"> </div>2021: USD </div><div id="a158575_207_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:661.219px;top:127.6px;">90</div><div id="a158575_209_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:669.731px;top:127.6px;">m) </div><div id="a158583" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:137.6px;">and provisions for onerous contracts<div style="display:inline-block;width:3.91px"> </div>of USD </div><div id="a158583_44_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:142.687px;top:137.6px;">28</div><div id="a158583_46_48" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:151.672px;top:137.6px;">m as of 31 December 2022<div style="display:inline-block;width:3.55px"> </div>(31 December 2021: USD </div><div id="a158583_94_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:321.917px;top:137.6px;">47</div><div id="a158583_96_100" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:330.43px;top:137.6px;">m).<div style="display:inline-block;width:8.36px"> </div>3 Mainly includes<div style="display:inline-block;width:3.59px"> </div>provisions related to real<div style="display:inline-block;width:3.6px"> </div>estate, employee benefits and<div style="display:inline-block;width:3.8px"> </div>operational risks.</div></div><div id="TextBlockContainer1295" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:128px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a158589" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Restructuring<div style="display:inline-block;width:5.82px"> </div>provisions<div style="display:inline-block;width:6.26px"> </div>relate<div style="display:inline-block;width:5.98px"> </div>to<div style="display:inline-block;width:5.72px"> </div>personnel-related<div style="display:inline-block;width:6.31px"> </div>provisions<div style="display:inline-block;width:6.26px"> </div>and<div style="display:inline-block;width:6.08px"> </div>onerous<div style="display:inline-block;width:6.15px"> </div>contracts.<div style="display:inline-block;width:5.37px"> </div>Personnel-related<div style="display:inline-block;width:6.61px"> </div>restructuring </div><div id="a158594" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.2px;">provisions are<div style="display:inline-block;width:5.5px"> </div>generally used<div style="display:inline-block;width:5.6px"> </div>within a short<div style="display:inline-block;width:6.18px"> </div>period of<div style="display:inline-block;width:5.23px"> </div>time. The<div style="display:inline-block;width:5.2px"> </div>level of<div style="display:inline-block;width:5.42px"> </div>personnel-related<div style="display:inline-block;width:5.5px"> </div>provisions<div style="display:inline-block;width:5.31px"> </div>can change<div style="display:inline-block;width:5.24px"> </div>when </div><div id="a158597" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">natural<div style="display:inline-block;width:5.2px"> </div>staff<div style="display:inline-block;width:5.5px"> </div>attrition<div style="display:inline-block;width:5.79px"> </div>reduces<div style="display:inline-block;width:5.54px"> </div>the<div style="display:inline-block;width:5.25px"> </div>number<div style="display:inline-block;width:5.5px"> </div>of<div style="display:inline-block;width:5.25px"> </div>people<div style="display:inline-block;width:5.23px"> </div>affected by<div style="display:inline-block;width:6.5px"> </div>a<div style="display:inline-block;width:5.2px"> </div>restructuring<div style="display:inline-block;width:6.17px"> </div>event,<div style="display:inline-block;width:5.15px"> </div>and<div style="display:inline-block;width:5.61px"> </div>therefore<div style="display:inline-block;width:5.47px"> </div>results<div style="display:inline-block;width:5.33px"> </div>in<div style="display:inline-block;width:5.3px"> </div>lower </div><div id="a158599" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.9px;">estimated costs. Onerous contracts<div style="display:inline-block;width:2.17px"> </div>for property are<div style="display:inline-block;width:2.27px"> </div>recognized when UBS is<div style="display:inline-block;width:1.98px"> </div>committed to pay<div style="display:inline-block;width:2.11px"> </div>for non-lease components, </div><div id="a158602" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">such as<div style="display:inline-block;width:6.08px"> </div>utilities, service<div style="display:inline-block;width:6.22px"> </div>charges, taxes<div style="display:inline-block;width:6.27px"> </div>and<div style="display:inline-block;width:5.13px"> </div>maintenance,<div style="display:inline-block;width:5.3px"> </div>when<div style="display:inline-block;width:5.24px"> </div>a property<div style="display:inline-block;width:5.96px"> </div>is<div style="display:inline-block;width:5.15px"> </div>vacated<div style="display:inline-block;width:5.32px"> </div>or not<div style="display:inline-block;width:6.08px"> </div>fully recovered<div style="display:inline-block;width:6.54px"> </div>from sub-</div><div id="a158605" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;">tenants.<div style="display:inline-block;width:4.07px"> </div></div><div id="a158607" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.4px;">Information about<div style="display:inline-block;width:5.75px"> </div>provisions and<div style="display:inline-block;width:5.35px"> </div>contingent liabilities in<div style="display:inline-block;width:5.38px"> </div>respect of litigation,<div style="display:inline-block;width:5.9px"> </div>regulatory and<div style="display:inline-block;width:5.32px"> </div>similar matters,<div style="display:inline-block;width:5.22px"> </div>as a class, </div><div id="a158609" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:114.5px;">is included in Note 17b.<div style="display:inline-block;width:5.15px"> </div>There are no material contingent liabilities associated<div style="display:inline-block;width:5.44px"> </div>with the other classes of provisions.</div></div><div id="TextBlockContainer1298" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:936px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a158656" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">b) Litigation, regulatory and<div style="display:inline-block;width:5.18px"> </div>similar matters </div><div id="a158661" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.3px;">UBS operates<div style="display:inline-block;width:5.37px"> </div>in a legal<div style="display:inline-block;width:5.5px"> </div>and regulatory environment<div style="display:inline-block;width:5.23px"> </div>that exposes<div style="display:inline-block;width:5.03px"> </div>it to significant<div style="display:inline-block;width:5.23px"> </div>litigation<div style="display:inline-block;width:5.08px"> </div>and similar risks<div style="display:inline-block;width:5.08px"> </div>arising from </div><div id="a158665" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.9px;">disputes and regulatory proceedings.<div style="display:inline-block;width:5.97px"> </div>As a result, UBS (which<div style="display:inline-block;width:5.25px"> </div>for purposes of this Note<div style="display:inline-block;width:5.09px"> </div>may refer to UBS AG<div style="display:inline-block;width:5.49px"> </div>and/or one </div><div id="a158666" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:58px;">or<div style="display:inline-block;width:6.2px"> </div>more<div style="display:inline-block;width:6.28px"> </div>of<div style="display:inline-block;width:6.2px"> </div>its<div style="display:inline-block;width:5.94px"> </div>subsidiaries,<div style="display:inline-block;width:6.54px"> </div>as<div style="display:inline-block;width:6.2px"> </div>applicable)<div style="display:inline-block;width:6.34px"> </div>is<div style="display:inline-block;width:6.09px"> </div>involved<div style="display:inline-block;width:6.14px"> </div>in<div style="display:inline-block;width:6.25px"> </div>various<div style="display:inline-block;width:6.14px"> </div>disputes<div style="display:inline-block;width:6.6px"> </div>and<div style="display:inline-block;width:6.55px"> </div>legal<div style="display:inline-block;width:5.96px"> </div>proceedings,<div style="display:inline-block;width:7.09px"> </div>including<div style="display:inline-block;width:6.17px"> </div>litigation, </div><div id="a158668" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:73.6px;">arbitration, and regulatory and<div style="display:inline-block;width:5.35px"> </div>criminal investigations. </div><div id="a158670" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:96.4px;">Such<div style="display:inline-block;width:5.4px"> </div>matters<div style="display:inline-block;width:5.11px"> </div>are<div style="display:inline-block;width:5.76px"> </div>subject<div style="display:inline-block;width:5.67px"> </div>to<div style="display:inline-block;width:5.72px"> </div>many<div style="display:inline-block;width:5.05px"> </div>uncertainties,<div style="display:inline-block;width:6.04px"> </div>and<div style="display:inline-block;width:5.61px"> </div>the<div style="display:inline-block;width:5.25px"> </div>outcome<div style="display:inline-block;width:5.77px"> </div>and<div style="display:inline-block;width:5.61px"> </div>the<div style="display:inline-block;width:5.25px"> </div>timing<div style="display:inline-block;width:6.04px"> </div>of<div style="display:inline-block;width:5.25px"> </div>resolution<div style="display:inline-block;width:5.78px"> </div>are<div style="display:inline-block;width:5.29px"> </div>often<div style="display:inline-block;width:5.3px"> </div>difficult<div style="display:inline-block;width:5.82px"> </div>to </div><div id="a158671" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:111.5px;">predict,<div style="display:inline-block;width:5.81px"> </div>particularly<div style="display:inline-block;width:5.37px"> </div>in<div style="display:inline-block;width:5.77px"> </div>the<div style="display:inline-block;width:5.72px"> </div>earlier<div style="display:inline-block;width:5.63px"> </div>stages<div style="display:inline-block;width:5.98px"> </div>of<div style="display:inline-block;width:5.72px"> </div>a<div style="display:inline-block;width:5.67px"> </div>case.<div style="display:inline-block;width:5.63px"> </div>There<div style="display:inline-block;width:5.96px"> </div>are<div style="display:inline-block;width:5.29px"> </div>also<div style="display:inline-block;width:5.82px"> </div>situations<div style="display:inline-block;width:5.86px"> </div>where<div style="display:inline-block;width:5.25px"> </div>UBS<div style="display:inline-block;width:6.06px"> </div>may<div style="display:inline-block;width:5.32px"> </div>enter<div style="display:inline-block;width:5.57px"> </div>into<div style="display:inline-block;width:5.82px"> </div>a<div style="display:inline-block;width:5.67px"> </div>settlement </div><div id="a158677" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:126.6px;">agreement.<div style="display:inline-block;width:6.44px"> </div>This<div style="display:inline-block;width:6.29px"> </div>may<div style="display:inline-block;width:6.27px"> </div>occur<div style="display:inline-block;width:6.47px"> </div>in<div style="display:inline-block;width:6.25px"> </div>order<div style="display:inline-block;width:6.49px"> </div>to<div style="display:inline-block;width:6.2px"> </div>avoid<div style="display:inline-block;width:6.25px"> </div>the<div style="display:inline-block;width:6.2px"> </div>expense,<div style="display:inline-block;width:6.98px"> </div>management<div style="display:inline-block;width:6.29px"> </div>distraction<div style="display:inline-block;width:7.35px"> </div>or<div style="display:inline-block;width:6.2px"> </div>reputational<div style="display:inline-block;width:6.53px"> </div>implications<div style="display:inline-block;width:6.35px"> </div>of </div><div id="a158678" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:142.2px;">continuing to<div style="display:inline-block;width:5.53px"> </div>contest liability, even<div style="display:inline-block;width:5.05px"> </div>for those<div style="display:inline-block;width:5.03px"> </div>matters for which<div style="display:inline-block;width:5.63px"> </div>UBS<div style="display:inline-block;width:4.65px"> </div>believes it should<div style="display:inline-block;width:5.75px"> </div>be exonerated.<div style="display:inline-block;width:5.24px"> </div>The uncertainties </div><div id="a158682" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:157.4px;">inherent<div style="display:inline-block;width:5.16px"> </div>in all<div style="display:inline-block;width:5.67px"> </div>such<div style="display:inline-block;width:5.45px"> </div>matters<div style="display:inline-block;width:5.11px"> </div>affect<div style="display:inline-block;width:5.25px"> </div>the amount<div style="display:inline-block;width:6.6px"> </div>and<div style="display:inline-block;width:5.13px"> </div>timing<div style="display:inline-block;width:5.09px"> </div>of any<div style="display:inline-block;width:5.83px"> </div>potential<div style="display:inline-block;width:5.29px"> </div>outflows<div style="display:inline-block;width:5.55px"> </div>for both<div style="display:inline-block;width:6.13px"> </div>matters<div style="display:inline-block;width:5.11px"> </div>with<div style="display:inline-block;width:5.25px"> </div>respect<div style="display:inline-block;width:5.18px"> </div>to </div><div id="a158683" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:173px;">which provisions<div style="display:inline-block;width:5.62px"> </div>have been established<div style="display:inline-block;width:5.69px"> </div>and other contingent<div style="display:inline-block;width:5.37px"> </div>liabilities. UBS<div style="display:inline-block;width:5.02px"> </div>makes provisions<div style="display:inline-block;width:5.34px"> </div>for such matters brought </div><div id="a158687" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:188.2px;">against it when, in the<div style="display:inline-block;width:2.06px"> </div>opinion of management after<div style="display:inline-block;width:2.27px"> </div>seeking legal advice, it is<div style="display:inline-block;width:2.14px"> </div>more likely than not that UBS has a<div style="display:inline-block;width:1.75px"> </div>present </div><div id="a158690" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:203.3px;">legal or constructive obligation as a result of past events, it is probable that an outflow of resources<div style="display:inline-block;width:5.24px"> </div>will be required, and </div><div id="a158692" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:218.9px;">the amount<div style="display:inline-block;width:6.13px"> </div>can be<div style="display:inline-block;width:5.98px"> </div>reliably estimated.<div style="display:inline-block;width:6.29px"> </div>Where<div style="display:inline-block;width:5.29px"> </div>these factors<div style="display:inline-block;width:5.94px"> </div>are otherwise<div style="display:inline-block;width:6.49px"> </div>satisfied,<div style="display:inline-block;width:5.56px"> </div>a provision<div style="display:inline-block;width:6.31px"> </div>may be<div style="display:inline-block;width:5.63px"> </div>established<div style="display:inline-block;width:5.07px"> </div>for </div><div id="a158693" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:234px;">claims that have not yet been asserted against UBS,<div style="display:inline-block;width:2.78px"> </div>but are nevertheless expected to be, based on UBS’s experience with </div><div id="a158699" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:249.7px;">similar asserted claims. If any of those conditions<div style="display:inline-block;width:5.06px"> </div>is not met, such matters result in contingent liabilities. If the amount of </div><div id="a158701" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:264.8px;">an<div style="display:inline-block;width:5.88px"> </div>obligation<div style="display:inline-block;width:5.75px"> </div>cannot<div style="display:inline-block;width:5.93px"> </div>be<div style="display:inline-block;width:5.4px"> </div>reliably<div style="display:inline-block;width:5.45px"> </div>estimated,<div style="display:inline-block;width:5.47px"> </div>a<div style="display:inline-block;width:5.67px"> </div>liability<div style="display:inline-block;width:5.47px"> </div>exists<div style="display:inline-block;width:5.79px"> </div>that<div style="display:inline-block;width:5.57px"> </div>is<div style="display:inline-block;width:5.62px"> </div>not<div style="display:inline-block;width:5.93px"> </div>recognized<div style="display:inline-block;width:5.12px"> </div>even<div style="display:inline-block;width:5.67px"> </div>if<div style="display:inline-block;width:5.42px"> </div>an<div style="display:inline-block;width:5.88px"> </div>outflow<div style="display:inline-block;width:5.5px"> </div>of<div style="display:inline-block;width:5.72px"> </div>resources<div style="display:inline-block;width:6.09px"> </div>is </div><div id="a158704" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:280.4px;">probable. Accordingly, no provision<div style="display:inline-block;width:5.12px"> </div>is established even if the potential outflow of<div style="display:inline-block;width:5.03px"> </div>resources with respect to such matters </div><div id="a158705" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:295.5px;">could<div style="display:inline-block;width:5.03px"> </div>be significant.<div style="display:inline-block;width:5.45px"> </div>Developments relating<div style="display:inline-block;width:6.58px"> </div>to a<div style="display:inline-block;width:5.83px"> </div>matter that<div style="display:inline-block;width:5.06px"> </div>occur after<div style="display:inline-block;width:5.64px"> </div>the relevant<div style="display:inline-block;width:6.13px"> </div>reporting<div style="display:inline-block;width:5.21px"> </div>period, but<div style="display:inline-block;width:5.54px"> </div>prior to<div style="display:inline-block;width:5.82px"> </div>the </div><div id="a158706" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:310.7px;">issuance of<div style="display:inline-block;width:5.11px"> </div>financial statements,<div style="display:inline-block;width:5.31px"> </div>which affect<div style="display:inline-block;width:5.09px"> </div>management’s assessment<div style="display:inline-block;width:5.23px"> </div>of the provision<div style="display:inline-block;width:6.04px"> </div>for such matter<div style="display:inline-block;width:5.42px"> </div>(because, for </div><div id="a158709" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:326.3px;">example, the developments provide evidence of conditions<div style="display:inline-block;width:5.37px"> </div>that existed at the end of the reporting period), are adjusting </div><div id="a158710" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:341.4px;">events<div style="display:inline-block;width:5.1px"> </div>after<div style="display:inline-block;width:5.21px"> </div>the<div style="display:inline-block;width:5.25px"> </div>reporting<div style="display:inline-block;width:5.79px"> </div>period<div style="display:inline-block;width:5.55px"> </div>under<div style="display:inline-block;width:5.66px"> </div>IAS<div style="display:inline-block;width:5.25px"> </div>10<div style="display:inline-block;width:5.13px"> </div>and<div style="display:inline-block;width:5.61px"> </div>must<div style="display:inline-block;width:5.15px"> </div>be<div style="display:inline-block;width:5.4px"> </div>recognized<div style="display:inline-block;width:5.12px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the<div style="display:inline-block;width:5.25px"> </div>financial statements<div style="display:inline-block;width:7.09px"> </div>for<div style="display:inline-block;width:5.1px"> </div>the<div style="display:inline-block;width:5.25px"> </div>reporting </div><div id="a158712" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:357px;">period. </div><div id="a158714" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:379.7px;">Specific<div style="display:inline-block;width:6.53px"> </div>litigation,<div style="display:inline-block;width:7.08px"> </div>regulatory<div style="display:inline-block;width:6.7px"> </div>and<div style="display:inline-block;width:7.03px"> </div>other<div style="display:inline-block;width:6.72px"> </div>matters<div style="display:inline-block;width:6.06px"> </div>are<div style="display:inline-block;width:6.71px"> </div>described<div style="display:inline-block;width:6.82px"> </div>below,<div style="display:inline-block;width:6.91px"> </div>including<div style="display:inline-block;width:7.12px"> </div>all<div style="display:inline-block;width:6.41px"> </div>such<div style="display:inline-block;width:6.87px"> </div>matters<div style="display:inline-block;width:6.53px"> </div>that<div style="display:inline-block;width:6.52px"> </div>management </div><div id="a158715" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:394.9px;">considers to<div style="display:inline-block;width:2.29px"> </div>be material and<div style="display:inline-block;width:2.04px"> </div>others that<div style="display:inline-block;width:2.04px"> </div>management believes to<div style="display:inline-block;width:2.29px"> </div>be of<div style="display:inline-block;width:2.25px"> </div>significance due to<div style="display:inline-block;width:2.34px"> </div>potential financial, reputational </div><div id="a158717" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:410px;">and<div style="display:inline-block;width:5.61px"> </div>other<div style="display:inline-block;width:5.3px"> </div>effects. The<div style="display:inline-block;width:6.66px"> </div>amount<div style="display:inline-block;width:5.03px"> </div>of damages<div style="display:inline-block;width:6.6px"> </div>claimed, the<div style="display:inline-block;width:6.52px"> </div>size of<div style="display:inline-block;width:6.52px"> </div>a<div style="display:inline-block;width:5.2px"> </div>transaction<div style="display:inline-block;width:5.09px"> </div>or<div style="display:inline-block;width:5.25px"> </div>other information<div style="display:inline-block;width:6.34px"> </div>is<div style="display:inline-block;width:5.15px"> </div>provided<div style="display:inline-block;width:5.79px"> </div>where </div><div id="a158718" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:425.6px;">available and appropriate in order<div style="display:inline-block;width:5.21px"> </div>to assist users in considering<div style="display:inline-block;width:5.07px"> </div>the magnitude of potential exposures. </div><div id="a158721" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:448.4px;">In the case of certain matters below,<div style="display:inline-block;width:5.19px"> </div>we state that we have established<div style="display:inline-block;width:5.44px"> </div>a provision, and<div style="display:inline-block;width:5.03px"> </div>for the other matters, we make </div><div id="a158722" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:463.5px;">no such<div style="display:inline-block;width:5.49px"> </div>statement. When we<div style="display:inline-block;width:5.46px"> </div>make this<div style="display:inline-block;width:5.15px"> </div>statement and<div style="display:inline-block;width:5.82px"> </div>we expect disclosure<div style="display:inline-block;width:6.01px"> </div>of the<div style="display:inline-block;width:5.4px"> </div>amount of<div style="display:inline-block;width:5.18px"> </div>a provision<div style="display:inline-block;width:5.72px"> </div>to prejudice </div><div id="a158724" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:479.1px;">seriously our position with other<div style="display:inline-block;width:5.03px"> </div>parties in the matter because it would reveal what UBS<div style="display:inline-block;width:5.45px"> </div>believes to be the probable and </div><div id="a158725" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:494.2px;">reliably estimable<div style="display:inline-block;width:5.29px"> </div>outflow, we<div style="display:inline-block;width:5.6px"> </div>do not<div style="display:inline-block;width:5.49px"> </div>disclose that<div style="display:inline-block;width:5.29px"> </div>amount. In<div style="display:inline-block;width:5.34px"> </div>some cases<div style="display:inline-block;width:5.3px"> </div>we are<div style="display:inline-block;width:5.5px"> </div>subject to<div style="display:inline-block;width:5.82px"> </div>confidentiality obligations </div><div id="a158727" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:509.4px;">that preclude<div style="display:inline-block;width:6.06px"> </div>such disclosure.<div style="display:inline-block;width:6.99px"> </div>With respect<div style="display:inline-block;width:6.61px"> </div>to the<div style="display:inline-block;width:6.35px"> </div>matters<div style="display:inline-block;width:5.11px"> </div>for which<div style="display:inline-block;width:5.88px"> </div>we<div style="display:inline-block;width:5.31px"> </div>do<div style="display:inline-block;width:5.13px"> </div>not state<div style="display:inline-block;width:6.25px"> </div>whether we<div style="display:inline-block;width:6.56px"> </div>have<div style="display:inline-block;width:5.2px"> </div>established<div style="display:inline-block;width:5.07px"> </div>a </div><div id="a158728" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:525px;">provision, either: (a) we have<div style="display:inline-block;width:2.21px"> </div>not established a<div style="display:inline-block;width:2.22px"> </div>provision, in which case the<div style="display:inline-block;width:2.2px"> </div>matter is<div style="display:inline-block;width:2.27px"> </div>treated as a contingent liability<div style="display:inline-block;width:1.59px"> </div>under </div><div id="a158730" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:540.1px;">the applicable accounting standard;<div style="display:inline-block;width:5.31px"> </div>or (b) we have established a provision<div style="display:inline-block;width:5.37px"> </div>but expect disclosure of that fact to prejudice </div><div id="a158732" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:555.7px;">seriously our<div style="display:inline-block;width:5.02px"> </div>position with<div style="display:inline-block;width:5.38px"> </div>other parties<div style="display:inline-block;width:5.24px"> </div>in the matter<div style="display:inline-block;width:5.89px"> </div>because it would<div style="display:inline-block;width:6.01px"> </div>reveal the<div style="display:inline-block;width:5.13px"> </div>fact that UBS<div style="display:inline-block;width:5.63px"> </div>believes an<div style="display:inline-block;width:5.35px"> </div>outflow of </div><div id="a158733" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:570.9px;">resources to be probable and reliably estimable. </div><div id="a158736" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:594.1px;">With respect to certain litigation, regulatory and similar matters for which we have<div style="display:inline-block;width:5.03px"> </div>established provisions, we are able to </div><div id="a158737" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:609.2px;">estimate the expected<div style="display:inline-block;width:5.74px"> </div>timing of<div style="display:inline-block;width:5.24px"> </div>outflows. However,<div style="display:inline-block;width:5.77px"> </div>the aggregate amount<div style="display:inline-block;width:5.83px"> </div>of the expected outflows<div style="display:inline-block;width:5.81px"> </div>for those<div style="display:inline-block;width:5.41px"> </div>matters </div><div id="a158739" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:624.3px;">for which<div style="display:inline-block;width:5.88px"> </div>we are<div style="display:inline-block;width:5.5px"> </div>able to<div style="display:inline-block;width:5.45px"> </div>estimate expected<div style="display:inline-block;width:5.58px"> </div>timing<div style="display:inline-block;width:5.09px"> </div>is immaterial<div style="display:inline-block;width:5.27px"> </div>relative to<div style="display:inline-block;width:5.82px"> </div>our current<div style="display:inline-block;width:6.01px"> </div>and<div style="display:inline-block;width:5.13px"> </div>expected levels<div style="display:inline-block;width:5.26px"> </div>of liquidity </div><div id="a158740" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:639.5px;">over the relevant time periods. </div><div id="a158742" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:662.7px;">The aggregate amount provisioned<div style="display:inline-block;width:5.4px"> </div>for litigation, regulatory and similar matters as a class is disclosed<div style="display:inline-block;width:5.08px"> </div>in the “Provisions” </div><div id="a158743" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:677.8px;">table in Note 17a above. It<div style="display:inline-block;width:2.23px"> </div>is not practicable to provide an aggregate estimate of<div style="display:inline-block;width:2.17px"> </div>liability for our litigation, regulatory and </div><div id="a158748" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:692.9px;">similar matters as a class of contingent liabilities. Doing so would require UBS to provide speculative legal assessments<div style="display:inline-block;width:5.02px"> </div>as </div><div id="a158750" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:708.5px;">to claims<div style="display:inline-block;width:5.31px"> </div>and<div style="display:inline-block;width:5.13px"> </div>proceedings<div style="display:inline-block;width:5.1px"> </div>that involve<div style="display:inline-block;width:5.47px"> </div>unique fact<div style="display:inline-block;width:5.5px"> </div>patterns or<div style="display:inline-block;width:5.58px"> </div>novel legal<div style="display:inline-block;width:5.87px"> </div>theories, that have<div style="display:inline-block;width:5.93px"> </div>not yet<div style="display:inline-block;width:5.68px"> </div>been initiated<div style="display:inline-block;width:5.5px"> </div>or </div><div id="a158751" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:723.7px;">are at early stages of adjudication, or as to which<div style="display:inline-block;width:5.21px"> </div>alleged damages have not been quantified by the claimants. Although </div><div id="a158753" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:738.8px;">UBS<div style="display:inline-block;width:5.08px"> </div>therefore cannot<div style="display:inline-block;width:5.83px"> </div>provide<div style="display:inline-block;width:5.12px"> </div>a numerical estimate<div style="display:inline-block;width:6px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>future losses<div style="display:inline-block;width:6.21px"> </div>that could<div style="display:inline-block;width:5.98px"> </div>arise from<div style="display:inline-block;width:5.08px"> </div>litigation,<div style="display:inline-block;width:5.19px"> </div>regulatory and </div><div id="a158754" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:754.4px;">similar<div style="display:inline-block;width:5.1px"> </div>matters,<div style="display:inline-block;width:5.69px"> </div>UBS<div style="display:inline-block;width:5.56px"> </div>believes<div style="display:inline-block;width:5.14px"> </div>that<div style="display:inline-block;width:5.57px"> </div>the<div style="display:inline-block;width:5.25px"> </div>aggregate<div style="display:inline-block;width:5.74px"> </div>amount<div style="display:inline-block;width:5.5px"> </div>of<div style="display:inline-block;width:5.25px"> </div>possible<div style="display:inline-block;width:5.7px"> </div>future<div style="display:inline-block;width:5.39px"> </div>losses<div style="display:inline-block;width:5.45px"> </div>from<div style="display:inline-block;width:5.18px"> </div>this<div style="display:inline-block;width:5.2px"> </div>class<div style="display:inline-block;width:5.47px"> </div>that<div style="display:inline-block;width:5.1px"> </div>are<div style="display:inline-block;width:5.76px"> </div>more<div style="display:inline-block;width:5.34px"> </div>than </div><div id="a158756" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:769.6px;">remote substantially exceeds the level of<div style="display:inline-block;width:5.12px"> </div>current provisions.<div style="display:inline-block;width:4.78px"> </div></div><div id="a158758" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:792.8px;">Litigation, regulatory<div style="display:inline-block;width:5.28px"> </div>and similar matters<div style="display:inline-block;width:5.15px"> </div>may also result<div style="display:inline-block;width:5.28px"> </div>in non-monetary penalties<div style="display:inline-block;width:5.55px"> </div>and consequences.<div style="display:inline-block;width:5.57px"> </div>A guilty plea to, </div><div id="a158762" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:807.9px;">or conviction<div style="display:inline-block;width:5.67px"> </div>of, a<div style="display:inline-block;width:5.93px"> </div>crime could<div style="display:inline-block;width:5.47px"> </div>have material<div style="display:inline-block;width:5.11px"> </div>consequences<div style="display:inline-block;width:5.43px"> </div>for UBS.<div style="display:inline-block;width:5.66px"> </div>Resolution of<div style="display:inline-block;width:5.58px"> </div>regulatory proceedings<div style="display:inline-block;width:6.23px"> </div>may require </div><div id="a158763" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:823px;">UBS to obtain waivers of regulatory disqualifications<div style="display:inline-block;width:5.53px"> </div>to maintain certain operations, may entitle regulatory authorities<div style="display:inline-block;width:5.41px"> </div>to </div><div id="a158764" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:838.2px;">limit,<div style="display:inline-block;width:5.63px"> </div>suspend<div style="display:inline-block;width:6.11px"> </div>or<div style="display:inline-block;width:5.72px"> </div>terminate<div style="display:inline-block;width:5.16px"> </div>licenses<div style="display:inline-block;width:6.04px"> </div>and<div style="display:inline-block;width:6.08px"> </div>regulatory<div style="display:inline-block;width:5.75px"> </div>authorizations,<div style="display:inline-block;width:5.97px"> </div>and<div style="display:inline-block;width:6.08px"> </div>may<div style="display:inline-block;width:5.32px"> </div>permit<div style="display:inline-block;width:5.79px"> </div>financial<div style="display:inline-block;width:5.41px"> </div>market<div style="display:inline-block;width:6.16px"> </div>utilities<div style="display:inline-block;width:5.68px"> </div>to<div style="display:inline-block;width:5.72px"> </div>limit, </div><div id="a158765" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:853.8px;">suspend or terminate UBS’s<div style="display:inline-block;width:5.05px"> </div>participation in such utilities. Failure<div style="display:inline-block;width:5.31px"> </div>to obtain such waivers,<div style="display:inline-block;width:5.01px"> </div>or any limitation, suspension<div style="display:inline-block;width:5.78px"> </div>or </div><div id="a158766" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:869px;">termination of licenses, authorizations<div style="display:inline-block;width:5.09px"> </div>or participations, could have material<div style="display:inline-block;width:5.29px"> </div>consequences for UBS. </div><div id="a158770" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:892.1px;">The risk of loss associated with<div style="display:inline-block;width:5.58px"> </div>litigation, regulatory and similar<div style="display:inline-block;width:5.41px"> </div>matters is a component<div style="display:inline-block;width:5.4px"> </div>of operational risk for<div style="display:inline-block;width:5.07px"> </div>purposes </div><div id="a158771" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:907.3px;">of determining capital requirements. Information<div style="display:inline-block;width:5.17px"> </div>concerning our capital requirements and<div style="display:inline-block;width:5.49px"> </div>the calculation of operational </div><div id="a158773" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:922.4px;">risk for this purpose is included<div style="display:inline-block;width:5.03px"> </div>in the “Capital, liquidity and<div style="display:inline-block;width:5.01px"> </div>funding, and balance sheet” section<div style="display:inline-block;width:5.09px"> </div>of this report.</div></div><div id="TextBlockContainer1302" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:206px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1300_XBRL_TS_96cc29837a2540c18c9a97e27e70ff75" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1301" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:206px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a158816" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:2.8px;">Provisions for litigation, regulatory<div style="display:inline-block;width:4.83px"> </div>and similar matters by business division<div style="display:inline-block;width:4.17px"> </div>and in Group Functions</div><div id="a158817" style="position:absolute;font-family:'Frutiger';font-size:6.148px;font-weight:bold;font-style:normal;left:471.662px;top:3.5px;">1</div><div id="a158819" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:53.2px;">USD m </div><div id="a158821" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:353.848px;top:29.5px;">Global Wealth<div style="display:inline-block;width:2.91px"> </div></div><div id="a158823" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.768px;top:41.3px;">Manage- </div><div id="a158826" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.955px;top:53.2px;">ment </div><div id="a158828" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.395px;top:29.5px;">Personal &amp; </div><div id="a158829" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:425.768px;top:41.3px;">Corporate </div><div id="a158830" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:432.382px;top:53.2px;">Banking </div><div id="a158832" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:495.822px;top:29.5px;"><div style="display:inline-block;width:2.36px"> </div>Asset<div style="display:inline-block;width:2.72px"> </div></div><div id="a158835" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:484.915px;top:41.3px;">Manage- </div><div id="a158838" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:499.128px;top:53.2px;">ment </div><div id="a158840" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.755px;top:41.3px;">Investment<div style="display:inline-block;width:2.56px"> </div></div><div id="a158842" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.075px;top:53.2px;">Bank </div><div id="a158844" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:602.755px;top:41.3px;">Group </div><div id="a158845" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:590.902px;top:53.2px;">Functions </div><div id="a158847" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:638.702px;top:53.2px;">Total 2022 </div><div id="a158849" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:66.4px;">Balance at the beginning of the<div style="display:inline-block;width:3.77px"> </div>year </div><div id="a158852_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:383.648px;top:66.4px;">1,338</div><div id="a158855_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:447.555px;top:66.4px;">181</div><div id="a158858_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.848px;top:66.4px;">8</div><div id="a158861_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:556.848px;top:66.4px;">310</div><div id="a158864_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:610.795px;top:66.4px;">962</div><div id="a158867_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.702px;top:66.4px;">2,798</div><div id="a158870" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:82px;">Increase in provisions recognized in the income statement </div><div id="a158872_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:390.768px;top:82px;">268</div><div id="a158875_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:457.475px;top:82px;">2</div><div id="a158878_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.848px;top:82px;">1</div><div id="a158881_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:556.848px;top:82px;">129</div><div id="a158884_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:620.728px;top:82px;">6</div><div id="a158887_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:663.795px;top:82px;">406</div><div id="a158890" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:97.1px;">Release of provisions recognized in the income statement </div><div id="a158892_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:390.768px;top:97.1px;display:flex;">(23)</div><div id="a158895_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:447.555px;top:97.1px;display:flex;">(15)</div><div id="a158898_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.848px;top:97.1px;">0</div><div id="a158901_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:97.1px;display:flex;">(8)</div><div id="a158904_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:610.795px;top:97.1px;display:flex;">(12)</div><div id="a158907_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:664.262px;top:97.1px;display:flex;">(57)</div><div id="a158910" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:113.3px;">Provisions used in conformity with designated purpose </div><div id="a158913_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.008px;top:113.3px;display:flex;">(331)</div><div id="a158916_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:457.475px;top:113.3px;">0</div><div id="a158919_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.848px;top:113.3px;">0</div><div id="a158922_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:552.128px;top:113.3px;display:flex;">(115)</div><div id="a158925_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:610.795px;top:113.3px;display:flex;">(23)</div><div id="a158928_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:659.062px;top:113.3px;display:flex;">(470)</div><div id="a158931" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:129.3px;">Reclassifications </div><div id="a158933" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:398.342px;top:129.3px;"><div style="display:inline-block;width:2.36px"> </div>0 </div><div id="a158936" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.115px;top:129.3px;"><div style="display:inline-block;width:2.36px"> </div>0 </div><div id="a158939" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:510.475px;top:129.3px;"><div style="display:inline-block;width:2.37px"> </div>0 </div><div id="a158942" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.422px;top:129.3px;"><div style="display:inline-block;width:2.36px"> </div>4 </div><div id="a158945" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.155px;top:129.3px;"><div style="display:inline-block;width:2.37px"> </div>(4) </div><div id="a158948" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:671.355px;top:129.3px;"><div style="display:inline-block;width:2.37px"> </div>0 </div><div id="a158951" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:145.9px;">Foreign currency translation / unwind<div style="display:inline-block;width:4.01px"> </div>of discount </div><div id="a158953_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:390.768px;top:145.9px;display:flex;">(70)</div><div id="a158956_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:452.275px;top:145.9px;display:flex;">(9)</div><div id="a158959_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.848px;top:145.9px;">0</div><div id="a158962_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:556.848px;top:145.9px;display:flex;">(11)</div><div id="a158965_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:620.728px;top:145.9px;">0</div><div id="a158968_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:664.262px;top:145.9px;display:flex;">(90)</div><div id="a158971" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:162px;">Balance at the end of the year </div><div id="a158973_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.648px;top:162px;">1,182</div><div id="a158976_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:447.555px;top:162px;">159</div><div id="a158979_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:512.848px;top:162px;">8</div><div id="a158982_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:556.848px;top:162px;">308</div><div id="a158985_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.795px;top:162px;">928</div><div id="a158988_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.702px;top:162px;">2,586</div><div id="a158991" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:177.4px;">1 Provisions, if<div style="display:inline-block;width:3.93px"> </div>any, for<div style="display:inline-block;width:3.39px"> </div>the matters<div style="display:inline-block;width:3.47px"> </div>described in items<div style="display:inline-block;width:3.93px"> </div>3 and 4<div style="display:inline-block;width:3.51px"> </div>of this Note<div style="display:inline-block;width:3.46px"> </div>are recorded in<div style="display:inline-block;width:3.63px"> </div>Global Wealth<div style="display:inline-block;width:4.09px"> </div>Management, and<div style="display:inline-block;width:3.65px"> </div>provisions,<div style="display:inline-block;width:3.54px"> </div>if any, for<div style="display:inline-block;width:4.02px"> </div>the matters<div style="display:inline-block;width:3.47px"> </div>described in item 2<div style="display:inline-block;width:3.74px"> </div>are recorded in<div style="display:inline-block;width:4.11px"> </div>Group Functions. </div><div id="a158996" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:187.9px;">Provisions, if any,<div style="display:inline-block;width:3.53px"> </div>for the matters described<div style="display:inline-block;width:4.2px"> </div>in items 1 and 6<div style="display:inline-block;width:3.66px"> </div>of this Note are allocated<div style="display:inline-block;width:3.63px"> </div>between Global Wealth<div style="display:inline-block;width:3.79px"> </div>Management and Personal<div style="display:inline-block;width:4.12px"> </div>&amp; Corporate Banking,<div style="display:inline-block;width:3.94px"> </div>provisions, if any,<div style="display:inline-block;width:3.79px"> </div>for the matters described<div style="display:inline-block;width:4.11px"> </div>in item 5 </div><div id="a159005" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:197.8px;">are allocated between the Investment<div style="display:inline-block;width:3.64px"> </div>Bank and Group Functions,<div style="display:inline-block;width:4.11px"> </div>and provisions, if<div style="display:inline-block;width:3.45px"> </div>any, for the<div style="display:inline-block;width:3.43px"> </div>matters described in item 7 are<div style="display:inline-block;width:3.83px"> </div>allocated between Global<div style="display:inline-block;width:3.79px"> </div>Wealth Management and<div style="display:inline-block;width:3.49px"> </div>the Investment Bank.</div></div></div></div><div id="TextBlockContainer1304" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:648px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a159012" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">1. Inquiries regarding cross<div style="display:inline-block;width:1.49px"> </div>-border wealth management businesses<div style="display:inline-block;width:5.03px"> </div></div><div id="a159019" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">Tax and regulatory authorities in a number of countries have<div style="display:inline-block;width:2.22px"> </div>made inquiries, served requests for information or examined </div><div id="a159021" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.7px;">employees located in<div style="display:inline-block;width:5.45px"> </div>their respective jurisdictions<div style="display:inline-block;width:5.8px"> </div>relating to<div style="display:inline-block;width:5.48px"> </div>the cross-border<div style="display:inline-block;width:5.7px"> </div>wealth management services<div style="display:inline-block;width:5.04px"> </div>provided by </div><div id="a159024" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">UBS and other financial institutions.<div style="display:inline-block;width:5.15px"> </div></div><div id="a159028" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:68.6px;">Since 2013, UBS (France) S.A., UBS AG and certain former employees have been under investigation in France in relation </div><div id="a159030" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:83.7px;">to UBS’s cross-border business with French clients. In connection with this investigation, the investigating judges ordered </div><div id="a159033" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.3px;">UBS AG to provide bail<div style="display:inline-block;width:5.03px"> </div>(“caution”) of EUR </div><div id="a159033_42_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:249.552px;top:99.3px;">1.1</div><div id="a159033_45_5" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:268.468px;top:99.3px;">bn.<div style="display:inline-block;width:3.38px"> </div></div><div id="a159039" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:122.1px;">On 20 February 2019, the court of<div style="display:inline-block;width:2.3px"> </div>first instance returned a<div style="display:inline-block;width:1.83px"> </div>verdict finding UBS AG<div style="display:inline-block;width:2.21px"> </div>guilty of unlawful<div style="display:inline-block;width:2.34px"> </div>solicitation of clients </div><div id="a159044" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:137.2px;">on French<div style="display:inline-block;width:5.32px"> </div>territory and<div style="display:inline-block;width:5.31px"> </div>aggravated laundering<div style="display:inline-block;width:5.58px"> </div>of the proceeds<div style="display:inline-block;width:6.05px"> </div>of tax fraud,<div style="display:inline-block;width:6.25px"> </div>and UBS<div style="display:inline-block;width:5.12px"> </div>(France) S.A.<div style="display:inline-block;width:5.05px"> </div>guilty of<div style="display:inline-block;width:5.2px"> </div>aiding and </div><div id="a159045" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:152.8px;">abetting<div style="display:inline-block;width:7.29px"> </div>unlawful<div style="display:inline-block;width:7.44px"> </div>solicitation<div style="display:inline-block;width:6.94px"> </div>and<div style="display:inline-block;width:7.5px"> </div>of<div style="display:inline-block;width:6.67px"> </div>laundering<div style="display:inline-block;width:7.27px"> </div>the<div style="display:inline-block;width:7.14px"> </div>proceeds<div style="display:inline-block;width:7.16px"> </div>of<div style="display:inline-block;width:6.67px"> </div>tax<div style="display:inline-block;width:6.74px"> </div>fraud.<div style="display:inline-block;width:7.3px"> </div>The<div style="display:inline-block;width:6.82px"> </div>court<div style="display:inline-block;width:6.99px"> </div>imposed<div style="display:inline-block;width:7.49px"> </div>fines<div style="display:inline-block;width:7.09px"> </div>aggregating </div><div id="a159047" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:167.9px;">EUR </div><div id="a159047_4_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:31.893px;top:167.9px;">3.7</div><div id="a159047_7_51" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:50.336px;top:167.9px;">bn on UBS AG and UBS<div style="display:inline-block;width:5.33px"> </div>(France) S.A. and awarded EUR </div><div id="a159047_58_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:369.258px;top:167.9px;">800</div><div id="a159047_61_55" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:391.485px;top:167.9px;">m of civil damages to the French state. A<div style="display:inline-block;width:5.22px"> </div>trial in the </div><div id="a159052" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183.1px;">French Court of Appeal took<div style="display:inline-block;width:5.29px"> </div>place in March 2021. On 13<div style="display:inline-block;width:5.09px"> </div>December 2021, the Court of Appeal<div style="display:inline-block;width:5.42px"> </div>found UBS AG guilty of </div><div id="a159056" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:198.7px;">unlawful solicitation and aggravated laundering of the proceeds of tax<div style="display:inline-block;width:2.03px"> </div>fraud. The court ordered a fine of EUR </div><div id="a159056_110_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:623.378px;top:198.7px;">3.75</div><div id="a159056_114_7" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:649.861px;top:198.7px;">m, the </div><div id="a159059" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:213.8px;">confiscation of EUR </div><div id="a159059_20_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:119.418px;top:213.8px;">1</div><div id="a159059_21_57" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:126.985px;top:213.8px;">bn, and awarded civil damages to the<div style="display:inline-block;width:5.12px"> </div>French state of EUR </div><div id="a159059_78_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:459.658px;top:213.8px;">800</div><div id="a159059_81_35" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:481.885px;top:213.8px;">m. UBS AG has filed an appeal<div style="display:inline-block;width:5.38px"> </div>with </div><div id="a159067" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:229.5px;">the French Supreme Court to preserve its rights. The notice of appeal enables UBS AG to thoroughly assess the verdict of </div><div id="a159068" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:244.6px;">the Court<div style="display:inline-block;width:2.3px"> </div>of Appeal and<div style="display:inline-block;width:2.06px"> </div>to determine next<div style="display:inline-block;width:1.84px"> </div>steps in the<div style="display:inline-block;width:1.92px"> </div>best interest of<div style="display:inline-block;width:2.17px"> </div>its stakeholders. The fine<div style="display:inline-block;width:1.85px"> </div>and confiscation imposed </div><div id="a159070" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:260.2px;">by the<div style="display:inline-block;width:5.83px"> </div>Court of<div style="display:inline-block;width:6.08px"> </div>Appeal<div style="display:inline-block;width:5.18px"> </div>are suspended<div style="display:inline-block;width:6.5px"> </div>during the<div style="display:inline-block;width:5.91px"> </div>appeal.<div style="display:inline-block;width:5.13px"> </div>The civil<div style="display:inline-block;width:5.26px"> </div>damages<div style="display:inline-block;width:5.03px"> </div>award<div style="display:inline-block;width:5.12px"> </div>has been<div style="display:inline-block;width:6.44px"> </div>paid<div style="display:inline-block;width:5.03px"> </div>to the<div style="display:inline-block;width:5.88px"> </div>French state </div><div id="a159071" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:275.3px;">(EUR </div><div id="a159071_5_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:35.676px;top:275.3px;">99</div><div id="a159071_7_79" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:50.809px;top:275.3px;">m of which was deducted from the bail), subject<div style="display:inline-block;width:5.07px"> </div>to the result of UBS’s appeal. </div><div id="a159075" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:298.1px;">Our<div style="display:inline-block;width:5.15px"> </div>balance<div style="display:inline-block;width:5.33px"> </div>sheet<div style="display:inline-block;width:5.3px"> </div>at<div style="display:inline-block;width:5.05px"> </div>31 December<div style="display:inline-block;width:5.62px"> </div>2022<div style="display:inline-block;width:6.01px"> </div>reflected provisions<div style="display:inline-block;width:6.98px"> </div>with<div style="display:inline-block;width:5.25px"> </div>respect<div style="display:inline-block;width:5.18px"> </div>to<div style="display:inline-block;width:5.25px"> </div>this<div style="display:inline-block;width:5.2px"> </div>matter<div style="display:inline-block;width:5.06px"> </div>in<div style="display:inline-block;width:5.3px"> </div>an<div style="display:inline-block;width:5.4px"> </div>amount<div style="display:inline-block;width:5.5px"> </div>of<div style="display:inline-block;width:5.25px"> </div>EUR </div><div id="a159075_107_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:652.698px;top:298.1px;">1.1</div><div id="a159075_110_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:671.615px;top:298.1px;">bn </div><div id="a159081" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:313.2px;">(USD </div><div id="a159081_5_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:37.094px;top:313.2px;">1.2</div><div id="a159081_8_109" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:55.538px;top:313.2px;">bn). The<div style="display:inline-block;width:6.12px"> </div>wide range<div style="display:inline-block;width:5.76px"> </div>of possible<div style="display:inline-block;width:5.85px"> </div>outcomes in<div style="display:inline-block;width:6.02px"> </div>this case<div style="display:inline-block;width:5.62px"> </div>contributes to<div style="display:inline-block;width:5.92px"> </div>a high<div style="display:inline-block;width:6.28px"> </div>degree of<div style="display:inline-block;width:5.85px"> </div>estimation uncertainty </div><div id="a159084" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:328.8px;">and the provision reflects our best estimate of<div style="display:inline-block;width:2.19px"> </div>possible financial implications, although actual penalties and civil damages </div><div id="a159086" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:343.9px;">could exceed (or may be less than) the provision<div style="display:inline-block;width:5.64px"> </div>amount. </div><div id="a159088" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:367.1px;">Our balance<div style="display:inline-block;width:2.04px"> </div>sheet at 31 December 2022 reflected<div style="display:inline-block;width:1.77px"> </div>provisions with respect<div style="display:inline-block;width:2.24px"> </div>to matters described<div style="display:inline-block;width:2.25px"> </div>in this item<div style="display:inline-block;width:1.78px"> </div>1 in an<div style="display:inline-block;width:1.94px"> </div>amount </div><div id="a159092" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:382.3px;">that UBS believes to be appropriate<div style="display:inline-block;width:5.13px"> </div>under the applicable accounting<div style="display:inline-block;width:5.04px"> </div>standard. As in the case of other matters for which </div><div id="a159093" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:397.4px;">we have<div style="display:inline-block;width:5.88px"> </div>established<div style="display:inline-block;width:5.07px"> </div>provisions, the<div style="display:inline-block;width:6.04px"> </div>future outflow<div style="display:inline-block;width:5.79px"> </div>of resources<div style="display:inline-block;width:5.83px"> </div>in respect<div style="display:inline-block;width:5.39px"> </div>of such<div style="display:inline-block;width:5.13px"> </div>matters cannot<div style="display:inline-block;width:5.94px"> </div>be determined<div style="display:inline-block;width:6.02px"> </div>with </div><div id="a159094" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:412.5px;">certainty based<div style="display:inline-block;width:5.97px"> </div>on<div style="display:inline-block;width:5.13px"> </div>currently available<div style="display:inline-block;width:6.09px"> </div>information<div style="display:inline-block;width:5.19px"> </div>and<div style="display:inline-block;width:5.13px"> </div>accordingly may<div style="display:inline-block;width:5.98px"> </div>ultimately prove<div style="display:inline-block;width:6.71px"> </div>to be<div style="display:inline-block;width:6.03px"> </div>substantially greater<div style="display:inline-block;width:6.12px"> </div>(or </div><div id="a159096" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:428.2px;">may be less) than the provision<div style="display:inline-block;width:5.08px"> </div>that we have recognized. </div><div id="a159098" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:450.9px;">2. Claims related to sales of residential<div style="display:inline-block;width:5.22px"> </div>mortgage-backed securities and<div style="display:inline-block;width:5.35px"> </div>mortgages </div><div id="a159105" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:466px;">From 2002 through 2007,<div style="display:inline-block;width:1.97px"> </div>prior to<div style="display:inline-block;width:2.04px"> </div>the crisis<div style="display:inline-block;width:1.58px"> </div>in the<div style="display:inline-block;width:2.14px"> </div>US residential loan<div style="display:inline-block;width:2.15px"> </div>market, UBS was<div style="display:inline-block;width:1.78px"> </div>a substantial<div style="display:inline-block;width:2.19px"> </div>issuer and underwriter </div><div id="a159107" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:481.6px;">of US residential mortgage-backed<div style="display:inline-block;width:5.13px"> </div>securities (RMBS) and<div style="display:inline-block;width:5.11px"> </div>was a purchaser and<div style="display:inline-block;width:5.04px"> </div>seller of US residential mortgages.<div style="display:inline-block;width:5.22px"> </div></div><div id="a159111" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:504.3px;">In November 2018, the DOJ filed a<div style="display:inline-block;width:2.05px"> </div>civil complaint in the District Court<div style="display:inline-block;width:2.26px"> </div>for the Eastern District<div style="display:inline-block;width:2.13px"> </div>of New York. The complaint </div><div id="a159116" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:519.5px;">seeks unspecified civil monetary penalties<div style="display:inline-block;width:2.29px"> </div>under the Financial Institutions Reform, Recovery<div style="display:inline-block;width:1.96px"> </div>and Enforcement Act of 1989 </div><div id="a159117" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:534.6px;">related to UBS’s<div style="display:inline-block;width:5.53px"> </div>issuance, underwriting<div style="display:inline-block;width:5.24px"> </div>and sale of 40<div style="display:inline-block;width:5.37px"> </div>RMBS transactions in 2006<div style="display:inline-block;width:5.87px"> </div>and 2007. UBS<div style="display:inline-block;width:5.19px"> </div>moved to dismiss<div style="display:inline-block;width:5.02px"> </div>the </div><div id="a159119" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:550.2px;">civil complaint in February 2019.<div style="display:inline-block;width:5.63px"> </div>In December 2019, the district court denied<div style="display:inline-block;width:5.09px"> </div>UBS’s motion to dismiss.<div style="display:inline-block;width:4.69px"> </div></div><div id="a159127" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:572.9px;">Our<div style="display:inline-block;width:5.15px"> </div>balance<div style="display:inline-block;width:5.3px"> </div>sheet<div style="display:inline-block;width:5.3px"> </div>at<div style="display:inline-block;width:5.52px"> </div>31 December<div style="display:inline-block;width:5.65px"> </div>2022<div style="display:inline-block;width:6.01px"> </div>reflected a<div style="display:inline-block;width:6.4px"> </div>provision<div style="display:inline-block;width:6.21px"> </div>with<div style="display:inline-block;width:5.25px"> </div>respect<div style="display:inline-block;width:5.34px"> </div>to<div style="display:inline-block;width:5.25px"> </div>matters<div style="display:inline-block;width:5.58px"> </div>described<div style="display:inline-block;width:5.87px"> </div>in<div style="display:inline-block;width:5.3px"> </div>this<div style="display:inline-block;width:5.2px"> </div>item<div style="display:inline-block;width:5.26px"> </div>2<div style="display:inline-block;width:5.4px"> </div>in<div style="display:inline-block;width:5.3px"> </div>an </div><div id="a159131" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:588.1px;">amount that<div style="display:inline-block;width:5.03px"> </div>UBS believes<div style="display:inline-block;width:5.03px"> </div>to be<div style="display:inline-block;width:5.08px"> </div>appropriate under<div style="display:inline-block;width:5.77px"> </div>the applicable accounting<div style="display:inline-block;width:6.37px"> </div>standard. As<div style="display:inline-block;width:5.73px"> </div>in the case<div style="display:inline-block;width:5.4px"> </div>of other matters </div><div id="a159132" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:603.7px;">for which we have established provisions, the future outflow of resources in respect of this matter cannot be determined </div><div id="a159135" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:618.8px;">with certainty based<div style="display:inline-block;width:5.62px"> </div>on currently available<div style="display:inline-block;width:5.18px"> </div>information and<div style="display:inline-block;width:5.7px"> </div>accordingly may ultimately<div style="display:inline-block;width:5.31px"> </div>prove to<div style="display:inline-block;width:5.17px"> </div>be substantially greater </div><div id="a159136" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:633.9px;">(or may be less) than the provision<div style="display:inline-block;width:5.34px"> </div>that we have recognized.</div></div><div id="TextBlockContainer1306" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:878px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a159178" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">3. Madoff </div><div id="a159180" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.6px;">In relation to the Bernard L. Madoff<div style="display:inline-block;width:5.32px"> </div>Investment Securities LLC (BMIS) investment fraud,<div style="display:inline-block;width:5.41px"> </div>UBS AG, UBS (Luxembourg) S.A. </div><div id="a159181" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.8px;">(now UBS Europe SE, Luxembourg branch) and certain other UBS subsidiaries have been subject to inquiries by a number </div><div id="a159183" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:46.4px;">of regulators,<div style="display:inline-block;width:5.32px"> </div>including the<div style="display:inline-block;width:5.38px"> </div>Swiss Financial Market<div style="display:inline-block;width:5.88px"> </div>Supervisory Authority<div style="display:inline-block;width:5.14px"> </div>(FINMA) and<div style="display:inline-block;width:5.97px"> </div>the Luxembourg<div style="display:inline-block;width:5.18px"> </div>Commission de </div><div id="a159184" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61.5px;">Surveillance du<div style="display:inline-block;width:6.19px"> </div>Secteur Financier.<div style="display:inline-block;width:6.09px"> </div>Those<div style="display:inline-block;width:5.18px"> </div>inquiries concerned<div style="display:inline-block;width:5.51px"> </div>two third<div style="display:inline-block;width:1.56px"> </div>-party funds<div style="display:inline-block;width:5.82px"> </div>established under<div style="display:inline-block;width:6.1px"> </div>Luxembourg law, </div><div id="a159190" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.6px;">substantially all assets of<div style="display:inline-block;width:5.23px"> </div>which were with BMIS,<div style="display:inline-block;width:5.73px"> </div>as well as certain<div style="display:inline-block;width:5.1px"> </div>funds established<div style="display:inline-block;width:5.21px"> </div>in offshore jurisdictions<div style="display:inline-block;width:5.69px"> </div>with either </div><div id="a159191" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:92.3px;">direct or indirect<div style="display:inline-block;width:6.16px"> </div>exposure to<div style="display:inline-block;width:5.42px"> </div>BMIS. These<div style="display:inline-block;width:5.34px"> </div>funds faced<div style="display:inline-block;width:5.18px"> </div>severe losses,<div style="display:inline-block;width:5.12px"> </div>and the<div style="display:inline-block;width:5.29px"> </div>Luxembourg<div style="display:inline-block;width:5.5px"> </div>funds are in<div style="display:inline-block;width:5.62px"> </div>liquidation. The </div><div id="a159192" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.4px;">documentation<div style="display:inline-block;width:7.6px"> </div>establishing<div style="display:inline-block;width:7.53px"> </div>both<div style="display:inline-block;width:7.55px"> </div>funds<div style="display:inline-block;width:7.12px"> </div>identifies<div style="display:inline-block;width:6.93px"> </div>UBS<div style="display:inline-block;width:7.45px"> </div>entities<div style="display:inline-block;width:6.83px"> </div>in<div style="display:inline-block;width:7.19px"> </div>various<div style="display:inline-block;width:7.09px"> </div>roles,<div style="display:inline-block;width:7.43px"> </div>including<div style="display:inline-block;width:7.59px"> </div>custodian,<div style="display:inline-block;width:7.6px"> </div>administrator, </div><div id="a159194" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:123px;">manager,<div style="display:inline-block;width:5.2px"> </div>distributor and promoter,<div style="display:inline-block;width:5.98px"> </div>and indicates that UBS employees<div style="display:inline-block;width:5.21px"> </div>serve as board members. </div><div id="a159196" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:145.7px;">In 2009<div style="display:inline-block;width:5.27px"> </div>and 2010, the<div style="display:inline-block;width:5.36px"> </div>liquidators of the<div style="display:inline-block;width:5.27px"> </div>two Luxembourg fund<div style="display:inline-block;width:1.8px"> </div>s<div style="display:inline-block;width:3.83px"> </div>filed claims against<div style="display:inline-block;width:5.4px"> </div>UBS entities, non<div style="display:inline-block;width:1.62px"> </div>-UBS entities and </div><div id="a159200" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.9px;">certain<div style="display:inline-block;width:5.26px"> </div>individuals,<div style="display:inline-block;width:5.54px"> </div>including<div style="display:inline-block;width:5.7px"> </div>current<div style="display:inline-block;width:5.18px"> </div>and<div style="display:inline-block;width:5.13px"> </div>former UBS<div style="display:inline-block;width:6.67px"> </div>employees,<div style="display:inline-block;width:5.3px"> </div>seeking<div style="display:inline-block;width:5.55px"> </div>amounts<div style="display:inline-block;width:5.08px"> </div>totaling<div style="display:inline-block;width:5.29px"> </div>approximately<div style="display:inline-block;width:5.45px"> </div>EUR </div><div id="a159200_108_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:648.912px;top:160.9px;">2.1</div><div id="a159200_111_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:667.828px;top:160.9px;">bn, </div><div id="a159203" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:176px;">which includes amounts that the funds<div style="display:inline-block;width:5.55px"> </div>may be held liable to pay the trustee for the<div style="display:inline-block;width:5.34px"> </div>liquidation of BMIS<div style="display:inline-block;width:5.1px"> </div>(BMIS Trustee). </div><div id="a159207" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:199.2px;">A large number of alleged beneficiaries have filed claims against UBS entities (and non<div style="display:inline-block;width:1.69px"> </div>-UBS entities) for purported losses </div><div id="a159210" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:214.3px;">relating to the Madoff fraud. The majority of these cases have been filed in Luxembourg, where decisions that the claims </div><div id="a159212" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:229.5px;">in<div style="display:inline-block;width:5.3px"> </div>eight<div style="display:inline-block;width:5.35px"> </div>test<div style="display:inline-block;width:5.42px"> </div>cases<div style="display:inline-block;width:5.1px"> </div>were<div style="display:inline-block;width:5.39px"> </div>inadmissible<div style="display:inline-block;width:5.81px"> </div>have<div style="display:inline-block;width:5.2px"> </div>been<div style="display:inline-block;width:5.61px"> </div>affirmed<div style="display:inline-block;width:5.4px"> </div>by<div style="display:inline-block;width:5.67px"> </div>the<div style="display:inline-block;width:5.25px"> </div>Luxembourg<div style="display:inline-block;width:5.98px"> </div>Court<div style="display:inline-block;width:5.45px"> </div>of<div style="display:inline-block;width:5.25px"> </div>Appeal,<div style="display:inline-block;width:5.76px"> </div>and<div style="display:inline-block;width:5.61px"> </div>the<div style="display:inline-block;width:5.25px"> </div>Luxembourg </div><div id="a159213" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:245.1px;">Supreme Court has dismissed<div style="display:inline-block;width:5.12px"> </div>a further appeal in one of the<div style="display:inline-block;width:5.1px"> </div>test cases. </div><div id="a159215" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:267.8px;">In the US, the BMIS Trustee filed claims<div style="display:inline-block;width:2.29px"> </div>against UBS entities, among others, in relation to the two Luxembourg funds and </div><div id="a159217" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:282.9px;">one of the offshore<div style="display:inline-block;width:5.27px"> </div>funds. The total amount claimed against<div style="display:inline-block;width:5.04px"> </div>all defendants in these<div style="display:inline-block;width:5.11px"> </div>actions was not less than USD </div><div id="a159217_114_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:659.818px;top:282.9px;">2</div><div id="a159217_115_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:667.385px;top:282.9px;">bn. </div><div id="a159220" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:298.1px;">In 2014,<div style="display:inline-block;width:6.79px"> </div>the US<div style="display:inline-block;width:5.98px"> </div>Supreme<div style="display:inline-block;width:5.07px"> </div>Court rejected<div style="display:inline-block;width:5.86px"> </div>the BMIS<div style="display:inline-block;width:6.45px"> </div>Trustee’s<div style="display:inline-block;width:5.1px"> </div>motion<div style="display:inline-block;width:5.18px"> </div>for<div style="display:inline-block;width:5.1px"> </div>leave to<div style="display:inline-block;width:5.99px"> </div>appeal<div style="display:inline-block;width:5.5px"> </div>decisions<div style="display:inline-block;width:5.02px"> </div>dismissing<div style="display:inline-block;width:5.02px"> </div>all claims </div><div id="a159222" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:313.7px;">except<div style="display:inline-block;width:6.27px"> </div>those<div style="display:inline-block;width:6.45px"> </div>for<div style="display:inline-block;width:6.04px"> </div>the<div style="display:inline-block;width:6.2px"> </div>recovery<div style="display:inline-block;width:6.15px"> </div>of<div style="display:inline-block;width:6.2px"> </div>approximately<div style="display:inline-block;width:6.87px"> </div>USD </div><div id="a159222_51_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:317.685px;top:313.7px;">125</div><div id="a159222_54_55" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:340.385px;top:313.7px;">m<div style="display:inline-block;width:5.99px"> </div>of<div style="display:inline-block;width:6.2px"> </div>payments<div style="display:inline-block;width:6.09px"> </div>alleged<div style="display:inline-block;width:6.82px"> </div>to<div style="display:inline-block;width:6.2px"> </div>be<div style="display:inline-block;width:6.35px"> </div>fraudulent<div style="display:inline-block;width:6.39px"> </div>conveyances<div style="display:inline-block;width:5.99px"> </div>and </div><div id="a159225" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:328.8px;">preference payments.<div style="display:inline-block;width:5.1px"> </div>In 2016,<div style="display:inline-block;width:5.84px"> </div>the bankruptcy court<div style="display:inline-block;width:5.45px"> </div>dismissed these<div style="display:inline-block;width:5.59px"> </div>claims against<div style="display:inline-block;width:5.46px"> </div>the UBS<div style="display:inline-block;width:5.24px"> </div>entities. In<div style="display:inline-block;width:5.11px"> </div>February 2019, </div><div id="a159227" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:344.4px;">the<div style="display:inline-block;width:6.67px"> </div>Court<div style="display:inline-block;width:6.87px"> </div>of<div style="display:inline-block;width:6.67px"> </div>Appeals<div style="display:inline-block;width:7.12px"> </div>reversed<div style="display:inline-block;width:7.08px"> </div>the<div style="display:inline-block;width:6.67px"> </div>dismissal<div style="display:inline-block;width:7.45px"> </div>of<div style="display:inline-block;width:6.67px"> </div>the<div style="display:inline-block;width:6.67px"> </div>BMIS<div style="display:inline-block;width:7.24px"> </div>Trustee’s<div style="display:inline-block;width:6.99px"> </div>remaining<div style="display:inline-block;width:7.42px"> </div>claims,<div style="display:inline-block;width:6.68px"> </div>and<div style="display:inline-block;width:7.03px"> </div>the<div style="display:inline-block;width:6.67px"> </div>US<div style="display:inline-block;width:6.77px"> </div>Supreme<div style="display:inline-block;width:7.43px"> </div>Court </div><div id="a159228" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:359.6px;">subsequently<div style="display:inline-block;width:5.38px"> </div>denied<div style="display:inline-block;width:5.23px"> </div>a petition<div style="display:inline-block;width:5.87px"> </div>seeking<div style="display:inline-block;width:5.08px"> </div>review of<div style="display:inline-block;width:5.71px"> </div>the Court<div style="display:inline-block;width:6.08px"> </div>of Appeals’<div style="display:inline-block;width:5.96px"> </div>decision.<div style="display:inline-block;width:5.08px"> </div>The case<div style="display:inline-block;width:5.36px"> </div>has been<div style="display:inline-block;width:6.44px"> </div>remanded<div style="display:inline-block;width:5.27px"> </div>to the </div><div id="a159229" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:375.2px;">Bankruptcy<div style="display:inline-block;width:3.91px"> </div>Court for further proceedings. </div><div id="a159232" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:397.9px;">4. Puerto Rico </div><div id="a159234" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:413px;">Declines since 2013<div style="display:inline-block;width:6.16px"> </div>in the market<div style="display:inline-block;width:5.1px"> </div>prices of Puerto<div style="display:inline-block;width:5.35px"> </div>Rico municipal<div style="display:inline-block;width:5.34px"> </div>bonds<div style="display:inline-block;width:5.11px"> </div>and of closed-end<div style="display:inline-block;width:5.64px"> </div>funds (funds)<div style="display:inline-block;width:5.1px"> </div>that are sole-</div><div id="a159238" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:428.2px;">managed and co-managed by UBS<div style="display:inline-block;width:5.24px"> </div>Trust Company of<div style="display:inline-block;width:5.13px"> </div>Puerto Rico and distributed by UBS Financial Services Incorporated </div><div id="a159242" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:443.8px;">of Puerto Rico (UBS<div style="display:inline-block;width:5.27px"> </div>PR) led to multiple<div style="display:inline-block;width:5.28px"> </div>regulatory inquiries, which<div style="display:inline-block;width:5.51px"> </div>in 2014 and<div style="display:inline-block;width:5.3px"> </div>2015, led to settlements<div style="display:inline-block;width:5.21px"> </div>with the Office </div><div id="a159243" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:458.9px;">of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>Commissioner<div style="display:inline-block;width:5.39px"> </div>of<div style="display:inline-block;width:5.25px"> </div>Financial Institutions<div style="display:inline-block;width:7.02px"> </div>for<div style="display:inline-block;width:5.1px"> </div>the<div style="display:inline-block;width:5.25px"> </div>Commonwealth<div style="display:inline-block;width:5.7px"> </div>of<div style="display:inline-block;width:5.25px"> </div>Puerto<div style="display:inline-block;width:5.3px"> </div>Rico,<div style="display:inline-block;width:5.4px"> </div>the<div style="display:inline-block;width:5.25px"> </div>US Securities<div style="display:inline-block;width:5.94px"> </div>and<div style="display:inline-block;width:5.61px"> </div>Exchange </div><div id="a159245" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:474.5px;">Commission (SEC) and<div style="display:inline-block;width:5.1px"> </div>the Financial Industry Regulatory Authority. </div><div id="a159247" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:497.2px;">Since then,<div style="display:inline-block;width:6.03px"> </div>UBS<div style="display:inline-block;width:5.08px"> </div>clients in<div style="display:inline-block;width:5.56px"> </div>Puerto Rico<div style="display:inline-block;width:5.98px"> </div>who own<div style="display:inline-block;width:5.38px"> </div>the funds<div style="display:inline-block;width:5.86px"> </div>or Puerto<div style="display:inline-block;width:5.45px"> </div>Rico municipal<div style="display:inline-block;width:5.82px"> </div>bonds<div style="display:inline-block;width:5.11px"> </div>and/or who<div style="display:inline-block;width:5.43px"> </div>used<div style="display:inline-block;width:5.18px"> </div>their UBS </div><div id="a159248" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:512.4px;">account<div style="display:inline-block;width:6.2px"> </div>assets<div style="display:inline-block;width:6.14px"> </div>as<div style="display:inline-block;width:6.2px"> </div>collateral<div style="display:inline-block;width:6px"> </div>for<div style="display:inline-block;width:6.04px"> </div>UBS<div style="display:inline-block;width:6.5px"> </div>non-purpose<div style="display:inline-block;width:6.99px"> </div>loans<div style="display:inline-block;width:6.02px"> </div>filed<div style="display:inline-block;width:5.99px"> </div>customer<div style="display:inline-block;width:5.94px"> </div>complaints<div style="display:inline-block;width:6.69px"> </div>and<div style="display:inline-block;width:6.55px"> </div>arbitration<div style="display:inline-block;width:5.93px"> </div>demands<div style="display:inline-block;width:6.65px"> </div>seeking </div><div id="a159252" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:527.5px;">aggregate<div style="display:inline-block;width:7.16px"> </div>damages<div style="display:inline-block;width:6.92px"> </div>of<div style="display:inline-block;width:6.67px"> </div>USD </div><div id="a159252_25_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:173.832px;top:527.5px;">3.42</div><div id="a159252_29_17" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:199.841px;top:527.5px;">bn,<div style="display:inline-block;width:6.66px"> </div>of<div style="display:inline-block;width:6.67px"> </div>which<div style="display:inline-block;width:6.82px"> </div>USD </div><div id="a159252_46_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:312.005px;top:527.5px;">3.37</div><div id="a159252_50_58" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:338.015px;top:527.5px;">bn<div style="display:inline-block;width:6.55px"> </div>have<div style="display:inline-block;width:6.62px"> </div>been<div style="display:inline-block;width:7.03px"> </div>resolved<div style="display:inline-block;width:6.85px"> </div>through<div style="display:inline-block;width:7.09px"> </div>settlements,<div style="display:inline-block;width:6.31px"> </div>arbitration<div style="display:inline-block;width:7.35px"> </div>or </div><div id="a159257" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:543.1px;">withdrawal of claims. Allegations<div style="display:inline-block;width:5.12px"> </div>include fraud, misrepresentation and<div style="display:inline-block;width:5.31px"> </div>unsuitability of the funds and of the<div style="display:inline-block;width:5.35px"> </div>loans. </div><div id="a159261" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:565.8px;">A shareholder derivative action was filed in 2014 against<div style="display:inline-block;width:5.3px"> </div>various UBS entities and current and certain former directors of </div><div id="a159262" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:581px;">the funds,<div style="display:inline-block;width:5.49px"> </div>alleging hundreds of<div style="display:inline-block;width:5.48px"> </div>millions of US<div style="display:inline-block;width:5.02px"> </div>dollars in<div style="display:inline-block;width:5.02px"> </div>losses in<div style="display:inline-block;width:5.18px"> </div>the funds. In 2021,<div style="display:inline-block;width:5.29px"> </div>the parties reached<div style="display:inline-block;width:5.59px"> </div>an agreement </div><div id="a159263" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:596.6px;">to settle this matter for USD </div><div id="a159263_30_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:167.617px;top:596.6px;">15</div><div id="a159263_32_31" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:182.75px;top:596.6px;">m, subject to court approval.<div style="display:inline-block;width:5.25px"> </div></div><div id="a159266" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:619.3px;">In 2011, a purported derivative action was filed on<div style="display:inline-block;width:5.33px"> </div>behalf of the Employee Retirement System of<div style="display:inline-block;width:5.06px"> </div>the Commonwealth of </div><div id="a159267" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:634.4px;">Puerto Rico (System) against over<div style="display:inline-block;width:1.82px"> </div>40 defendants, including UBS PR,<div style="display:inline-block;width:2.16px"> </div>which was named in<div style="display:inline-block;width:2.25px"> </div>connection with its underwriting </div><div id="a159269" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:649.6px;">and<div style="display:inline-block;width:7.03px"> </div>consulting<div style="display:inline-block;width:6.64px"> </div>services.<div style="display:inline-block;width:6.16px"> </div>Plaintiffs<div style="display:inline-block;width:6.81px"> </div>alleged<div style="display:inline-block;width:6.82px"> </div>that<div style="display:inline-block;width:6.52px"> </div>defendants<div style="display:inline-block;width:7.17px"> </div>violated<div style="display:inline-block;width:6.46px"> </div>their<div style="display:inline-block;width:6.41px"> </div>purported<div style="display:inline-block;width:7.65px"> </div>fiduciary<div style="display:inline-block;width:6.11px"> </div>duties<div style="display:inline-block;width:6.82px"> </div>and<div style="display:inline-block;width:7.03px"> </div>contractual </div><div id="a159270" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:665.2px;">obligations in<div style="display:inline-block;width:5.53px"> </div>connection with<div style="display:inline-block;width:5.23px"> </div>the issuance<div style="display:inline-block;width:5.08px"> </div>and underwriting<div style="display:inline-block;width:5.69px"> </div>of USD </div><div id="a159270_68_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:405.232px;top:665.2px;">3</div><div id="a159270_69_45" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:412.798px;top:665.2px;">bn of<div style="display:inline-block;width:5.29px"> </div>bonds by the<div style="display:inline-block;width:5.37px"> </div>System in 2008<div style="display:inline-block;width:6.43px"> </div>and sought </div><div id="a159274" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:680.3px;">damages of over USD </div><div id="a159274_20_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:131.738px;top:680.3px;">800</div><div id="a159274_23_97" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:154.438px;top:680.3px;">m. In 2016, the<div style="display:inline-block;width:5.11px"> </div>court granted the System’s request to<div style="display:inline-block;width:5.15px"> </div>join the action as a plaintiff. In<div style="display:inline-block;width:5.19px"> </div>2022, a </div><div id="a159277" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:695.9px;">federal district<div style="display:inline-block;width:5.42px"> </div>court enjoined<div style="display:inline-block;width:5.33px"> </div>the plaintiffs<div style="display:inline-block;width:5.75px"> </div>from proceeding<div style="display:inline-block;width:5.61px"> </div>with the action<div style="display:inline-block;width:5.93px"> </div>on the<div style="display:inline-block;width:5.76px"> </div>grounds it<div style="display:inline-block;width:5.25px"> </div>impermissibly conflicted </div><div id="a159278" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:711.1px;">with Puerto Rico’s approved<div style="display:inline-block;width:5.19px"> </div>Plan of Adjustment. </div><div id="a159280" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:733.8px;">Beginning<div style="display:inline-block;width:5.73px"> </div>in<div style="display:inline-block;width:5.3px"> </div>2015,<div style="display:inline-block;width:5.64px"> </div>certain agencies<div style="display:inline-block;width:6.46px"> </div>and<div style="display:inline-block;width:5.61px"> </div>public corporations<div style="display:inline-block;width:6.74px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>Commonwealth<div style="display:inline-block;width:6.18px"> </div>of<div style="display:inline-block;width:5.25px"> </div>Puerto<div style="display:inline-block;width:5.3px"> </div>Rico<div style="display:inline-block;width:5.3px"> </div>(Commonwealth) </div><div id="a159281" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:748.9px;">defaulted on certain interest<div style="display:inline-block;width:5.16px"> </div>payments on Puerto Rico<div style="display:inline-block;width:5.11px"> </div>bonds. In 2016,<div style="display:inline-block;width:5.49px"> </div>US federal legislation created<div style="display:inline-block;width:5.35px"> </div>an oversight board </div><div id="a159283" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:764.5px;">with power to oversee Puerto<div style="display:inline-block;width:5.12px"> </div>Rico’s finances and to restructure<div style="display:inline-block;width:5.33px"> </div>its debt. The oversight<div style="display:inline-block;width:5.43px"> </div>board has imposed<div style="display:inline-block;width:5.33px"> </div>a stay on the </div><div id="a159284" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:779.7px;">exercise<div style="display:inline-block;width:5.3px"> </div>of<div style="display:inline-block;width:5.72px"> </div>certain<div style="display:inline-block;width:6.21px"> </div>creditors’<div style="display:inline-block;width:5.71px"> </div>rights.<div style="display:inline-block;width:5.82px"> </div>In<div style="display:inline-block;width:5.77px"> </div>2017,<div style="display:inline-block;width:6.12px"> </div>the<div style="display:inline-block;width:5.25px"> </div>oversight<div style="display:inline-block;width:5.72px"> </div>board<div style="display:inline-block;width:5.89px"> </div>placed<div style="display:inline-block;width:5.77px"> </div>certain<div style="display:inline-block;width:5.26px"> </div>of<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:5.72px"> </div>bonds<div style="display:inline-block;width:6.06px"> </div>into<div style="display:inline-block;width:5.35px"> </div>a<div style="display:inline-block;width:5.67px"> </div>bankruptcy-like </div><div id="a159287" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:795.3px;">proceeding under the supervision<div style="display:inline-block;width:5.26px"> </div>of a Federal District Judge.<div style="display:inline-block;width:5.05px"> </div></div><div id="a159289" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:818px;">In May 2019,<div style="display:inline-block;width:6.27px"> </div>the oversight board<div style="display:inline-block;width:5.72px"> </div>filed complaints in<div style="display:inline-block;width:5.29px"> </div>Puerto Rico<div style="display:inline-block;width:5.03px"> </div>federal district court<div style="display:inline-block;width:5.9px"> </div>bringing claims against<div style="display:inline-block;width:6.21px"> </div>financial, </div><div id="a159290" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:833.1px;">legal and accounting firms that had participated in Puerto<div style="display:inline-block;width:2.25px"> </div>Rico municipal bond offerings, including UBS, seeking a return </div><div id="a159292" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:848.3px;">of<div style="display:inline-block;width:5.25px"> </div>underwriting<div style="display:inline-block;width:5.65px"> </div>and<div style="display:inline-block;width:5.13px"> </div>swap<div style="display:inline-block;width:5.56px"> </div>fees<div style="display:inline-block;width:5.1px"> </div>paid<div style="display:inline-block;width:5.03px"> </div>in<div style="display:inline-block;width:5.3px"> </div>connection<div style="display:inline-block;width:5.08px"> </div>with<div style="display:inline-block;width:5.25px"> </div>those<div style="display:inline-block;width:5.5px"> </div>offerings.<div style="display:inline-block;width:5.16px"> </div>UBS<div style="display:inline-block;width:5.56px"> </div>estimates that<div style="display:inline-block;width:6.15px"> </div>it received<div style="display:inline-block;width:6.72px"> </div>approximately </div><div id="a159293" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:863.9px;">USD </div><div id="a159293_4_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:33.312px;top:863.9px;">125</div><div id="a159293_7_36" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:56.011px;top:863.9px;">m in fees in the relevant offerings.</div></div><div id="TextBlockContainer1308" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:794px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a159337" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">In<div style="display:inline-block;width:5.3px"> </div>August<div style="display:inline-block;width:5.86px"> </div>2019,<div style="display:inline-block;width:5.64px"> </div>and<div style="display:inline-block;width:5.13px"> </div>February and<div style="display:inline-block;width:6.82px"> </div>November<div style="display:inline-block;width:5.25px"> </div>2020,<div style="display:inline-block;width:6.12px"> </div>four<div style="display:inline-block;width:5.3px"> </div>US<div style="display:inline-block;width:5.36px"> </div>insurance<div style="display:inline-block;width:5.4px"> </div>companies<div style="display:inline-block;width:5.4px"> </div>that<div style="display:inline-block;width:5.1px"> </div>insured<div style="display:inline-block;width:5.84px"> </div>issues<div style="display:inline-block;width:5.45px"> </div>of<div style="display:inline-block;width:5.25px"> </div>Puerto<div style="display:inline-block;width:5.3px"> </div>Rico </div><div id="a159338" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">municipal bonds<div style="display:inline-block;width:5.63px"> </div>sued UBS<div style="display:inline-block;width:5.64px"> </div>and several other<div style="display:inline-block;width:5.97px"> </div>underwriters of<div style="display:inline-block;width:5.4px"> </div>Puerto Rico<div style="display:inline-block;width:5.97px"> </div>municipal<div style="display:inline-block;width:5.14px"> </div>bonds<div style="display:inline-block;width:5.11px"> </div>in three<div style="display:inline-block;width:5.07px"> </div>separate cases.<div style="display:inline-block;width:5.67px"> </div>The </div><div id="a159340" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">actions collectively seek recovery<div style="display:inline-block;width:5.33px"> </div>of an aggregate of USD </div><div id="a159340_58_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:332.352px;top:30.8px;">955</div><div id="a159340_61_58" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:355.051px;top:30.8px;">m in damages from the defendants.<div style="display:inline-block;width:5.71px"> </div>The plaintiffs in these </div><div id="a159343" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.4px;">cases claim that defendants failed to reasonably<div style="display:inline-block;width:5.45px"> </div>investigate financial statements<div style="display:inline-block;width:5.04px"> </div>in the offering materials for the insured </div><div id="a159344" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">Puerto<div style="display:inline-block;width:5.33px"> </div>Rico<div style="display:inline-block;width:5.3px"> </div>bonds<div style="display:inline-block;width:5.59px"> </div>issued<div style="display:inline-block;width:5.6px"> </div>between<div style="display:inline-block;width:5.08px"> </div>2002<div style="display:inline-block;width:5.54px"> </div>and<div style="display:inline-block;width:5.13px"> </div>2007,<div style="display:inline-block;width:5.64px"> </div>which plaintiffs<div style="display:inline-block;width:6.37px"> </div>argue<div style="display:inline-block;width:5.45px"> </div>they<div style="display:inline-block;width:5.05px"> </div>relied<div style="display:inline-block;width:5.75px"> </div>upon<div style="display:inline-block;width:5.54px"> </div>in<div style="display:inline-block;width:5.3px"> </div>agreeing<div style="display:inline-block;width:5.32px"> </div>to<div style="display:inline-block;width:5.25px"> </div>insure<div style="display:inline-block;width:5.16px"> </div>the </div><div id="a159346" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;">bonds notwithstanding<div style="display:inline-block;width:5.17px"> </div>that they had no contractual relationship<div style="display:inline-block;width:5.44px"> </div>with the underwriters. Defendants’<div style="display:inline-block;width:5.42px"> </div>motions to dismiss </div><div id="a159347" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:92.3px;">have been granted in all three<div style="display:inline-block;width:5.13px"> </div>cases; those decisions are being<div style="display:inline-block;width:5.38px"> </div>appealed by the plaintiffs. </div><div id="a159350" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:115px;">Our balance sheet at 31 December 2022<div style="display:inline-block;width:5.07px"> </div>reflected provisions with respect to matters described in<div style="display:inline-block;width:5.05px"> </div>this item 4 in amounts </div><div id="a159353" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:130.1px;">that UBS believes to be appropriate<div style="display:inline-block;width:5.13px"> </div>under the applicable accounting<div style="display:inline-block;width:5.04px"> </div>standard. As<div style="display:inline-block;width:5.07px"> </div>in the case of other matters for which </div><div id="a159355" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:145.7px;">we have<div style="display:inline-block;width:5.88px"> </div>established<div style="display:inline-block;width:5.07px"> </div>provisions, the<div style="display:inline-block;width:6.04px"> </div>future outflow<div style="display:inline-block;width:5.79px"> </div>of resources<div style="display:inline-block;width:5.83px"> </div>in respect<div style="display:inline-block;width:5.39px"> </div>of such<div style="display:inline-block;width:5.13px"> </div>matters cannot<div style="display:inline-block;width:5.94px"> </div>be determined<div style="display:inline-block;width:6.02px"> </div>with </div><div id="a159356" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:160.9px;">certainty based<div style="display:inline-block;width:5.94px"> </div>on<div style="display:inline-block;width:5.13px"> </div>currently available<div style="display:inline-block;width:6.09px"> </div>information<div style="display:inline-block;width:5.19px"> </div>and<div style="display:inline-block;width:5.13px"> </div>accordingly may<div style="display:inline-block;width:5.98px"> </div>ultimately prove<div style="display:inline-block;width:6.71px"> </div>to be<div style="display:inline-block;width:6.03px"> </div>substantially greater<div style="display:inline-block;width:6.47px"> </div>(or </div><div id="a159358" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:176px;">may be less) than the provisions<div style="display:inline-block;width:5.13px"> </div>that we have recognized. </div><div id="a159360" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:199.2px;">5. Foreign exchange, LIBOR<div style="display:inline-block;width:5.09px"> </div>and benchmark rates, and other trading practices </div><div id="a159362" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:214.1px;">Foreign<div style="display:inline-block;width:7.24px"> </div>exchange-related<div style="display:inline-block;width:7.94px"> </div>regulatory<div style="display:inline-block;width:7.17px"> </div>matters:</div><div id="a159365" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:270.365px;top:214.3px;"><div style="display:inline-block;width:7.09px"> </div>Beginning<div style="display:inline-block;width:8.1px"> </div>in<div style="display:inline-block;width:7.19px"> </div>2013,<div style="display:inline-block;width:7.53px"> </div>numerous<div style="display:inline-block;width:7.88px"> </div>authorities<div style="display:inline-block;width:7.08px"> </div>commenced<div style="display:inline-block;width:7.46px"> </div>investigations </div><div id="a159368" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:229.5px;">concerning<div style="display:inline-block;width:7.68px"> </div>possible<div style="display:inline-block;width:8.06px"> </div>manipulation<div style="display:inline-block;width:7.49px"> </div>of<div style="display:inline-block;width:7.62px"> </div>foreign<div style="display:inline-block;width:7.53px"> </div>exchange<div style="display:inline-block;width:7.77px"> </div>markets<div style="display:inline-block;width:7.16px"> </div>and<div style="display:inline-block;width:7.97px"> </div>precious<div style="display:inline-block;width:8px"> </div>metals<div style="display:inline-block;width:6.73px"> </div>prices.<div style="display:inline-block;width:7.46px"> </div>As<div style="display:inline-block;width:7.77px"> </div>a<div style="display:inline-block;width:7.57px"> </div>result<div style="display:inline-block;width:7.65px"> </div>of<div style="display:inline-block;width:7.62px"> </div>these </div><div id="a159369" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:245.1px;">investigations,<div style="display:inline-block;width:8.7px"> </div>UBS<div style="display:inline-block;width:8.39px"> </div>entered<div style="display:inline-block;width:8.38px"> </div>into<div style="display:inline-block;width:8.19px"> </div>resolutions<div style="display:inline-block;width:8.67px"> </div>with<div style="display:inline-block;width:8.09px"> </div>Swiss,<div style="display:inline-block;width:8.24px"> </div>US<div style="display:inline-block;width:8.19px"> </div>and<div style="display:inline-block;width:8.44px"> </div>United<div style="display:inline-block;width:7.87px"> </div>Kingdom<div style="display:inline-block;width:8.07px"> </div>regulators<div style="display:inline-block;width:8.37px"> </div>and<div style="display:inline-block;width:8.44px"> </div>the<div style="display:inline-block;width:8.09px"> </div>European </div><div id="a159370" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:260.2px;">Commission.<div style="display:inline-block;width:5.65px"> </div>UBS<div style="display:inline-block;width:5.56px"> </div>was<div style="display:inline-block;width:5.36px"> </div>granted<div style="display:inline-block;width:5.6px"> </div>conditional<div style="display:inline-block;width:5.54px"> </div>immunity by<div style="display:inline-block;width:6.26px"> </div>the<div style="display:inline-block;width:5.25px"> </div>Antitrust<div style="display:inline-block;width:5.56px"> </div>Division<div style="display:inline-block;width:5.77px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>DOJ<div style="display:inline-block;width:5.1px"> </div>and<div style="display:inline-block;width:5.61px"> </div>by<div style="display:inline-block;width:5.2px"> </div>authorities<div style="display:inline-block;width:5.19px"> </div>in<div style="display:inline-block;width:5.3px"> </div>other </div><div id="a159372" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:275.8px;">jurisdictions<div style="display:inline-block;width:5.18px"> </div>in connection<div style="display:inline-block;width:6.23px"> </div>with potential<div style="display:inline-block;width:6.87px"> </div>competition<div style="display:inline-block;width:5.14px"> </div>law violations<div style="display:inline-block;width:6.24px"> </div>relating<div style="display:inline-block;width:5.8px"> </div>to foreign<div style="display:inline-block;width:6.74px"> </div>exchange and<div style="display:inline-block;width:6.39px"> </div>precious<div style="display:inline-block;width:5.16px"> </div>metals </div><div id="a159373" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:291px;">businesses. </div><div id="a159375" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:313.4px;">Foreign exchange-related civil litigation:</div><div id="a159379" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:228.245px;top:313.7px;"><div style="display:inline-block;width:3.31px"> </div>Putative class actions have been filed<div style="display:inline-block;width:2.03px"> </div>since 2013 in<div style="display:inline-block;width:2.01px"> </div>US federal courts and in<div style="display:inline-block;width:1.76px"> </div>other </div><div id="a159381" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:328.8px;">jurisdictions<div style="display:inline-block;width:5.66px"> </div>against<div style="display:inline-block;width:5.4px"> </div>UBS<div style="display:inline-block;width:5.56px"> </div>and<div style="display:inline-block;width:5.61px"> </div>other<div style="display:inline-block;width:5.3px"> </div>banks<div style="display:inline-block;width:5.66px"> </div>on<div style="display:inline-block;width:5.61px"> </div>behalf<div style="display:inline-block;width:5.35px"> </div>of<div style="display:inline-block;width:5.25px"> </div>putative<div style="display:inline-block;width:5.47px"> </div>classes<div style="display:inline-block;width:5.04px"> </div>of<div style="display:inline-block;width:5.25px"> </div>persons<div style="display:inline-block;width:6.23px"> </div>who<div style="display:inline-block;width:5.71px"> </div>engaged<div style="display:inline-block;width:6.01px"> </div>in<div style="display:inline-block;width:5.3px"> </div>foreign<div style="display:inline-block;width:5.64px"> </div>currency </div><div id="a159382" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:344.4px;">transactions with any of the defendant banks. UBS has resolved US federal<div style="display:inline-block;width:1.85px"> </div>court class actions relating to<div style="display:inline-block;width:2.17px"> </div>foreign currency </div><div id="a159384" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:359.6px;">transactions<div style="display:inline-block;width:5.14px"> </div>with the<div style="display:inline-block;width:5.4px"> </div>defendant<div style="display:inline-block;width:5.23px"> </div>banks and<div style="display:inline-block;width:5.22px"> </div>persons<div style="display:inline-block;width:5.28px"> </div>who transacted<div style="display:inline-block;width:5.13px"> </div>in foreign<div style="display:inline-block;width:5.84px"> </div>exchange futures<div style="display:inline-block;width:5.74px"> </div>contracts and<div style="display:inline-block;width:5.77px"> </div>options </div><div id="a159385" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:375.2px;">on<div style="display:inline-block;width:5.61px"> </div>such futures<div style="display:inline-block;width:6.26px"> </div>under<div style="display:inline-block;width:5.66px"> </div>a settlement<div style="display:inline-block;width:5.79px"> </div>agreement<div style="display:inline-block;width:5.39px"> </div>that<div style="display:inline-block;width:5.1px"> </div>provides<div style="display:inline-block;width:5.64px"> </div>for<div style="display:inline-block;width:5.1px"> </div>UBS<div style="display:inline-block;width:5.56px"> </div>to<div style="display:inline-block;width:5.03px"> </div>pay<div style="display:inline-block;width:5.2px"> </div>an aggregate<div style="display:inline-block;width:6.52px"> </div>of<div style="display:inline-block;width:5.25px"> </div>USD </div><div id="a159385_94_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:579.365px;top:375.2px;">141</div><div id="a159385_97_14" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:601.591px;top:375.2px;">m<div style="display:inline-block;width:5.05px"> </div>and<div style="display:inline-block;width:5.13px"> </div>provide </div><div id="a159390" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:390.3px;">cooperation to<div style="display:inline-block;width:5.28px"> </div>the settlement classes.<div style="display:inline-block;width:5.88px"> </div>Certain class<div style="display:inline-block;width:5.04px"> </div>members have<div style="display:inline-block;width:5.1px"> </div>excluded themselves<div style="display:inline-block;width:5.56px"> </div>from that settlement<div style="display:inline-block;width:5.77px"> </div>and have </div><div id="a159391" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:405.4px;">filed individual<div style="display:inline-block;width:6.28px"> </div>actions<div style="display:inline-block;width:5.2px"> </div>in US<div style="display:inline-block;width:6.03px"> </div>and<div style="display:inline-block;width:5.13px"> </div>English<div style="display:inline-block;width:5.18px"> </div>courts against<div style="display:inline-block;width:5.92px"> </div>UBS<div style="display:inline-block;width:5.08px"> </div>and<div style="display:inline-block;width:5.13px"> </div>other banks,<div style="display:inline-block;width:6.44px"> </div>alleging<div style="display:inline-block;width:5.02px"> </div>violations<div style="display:inline-block;width:5.06px"> </div>of US<div style="display:inline-block;width:5.98px"> </div>and<div style="display:inline-block;width:5.13px"> </div>European </div><div id="a159394" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:421.1px;">competition<div style="display:inline-block;width:5.14px"> </div>laws and<div style="display:inline-block;width:6.23px"> </div>unjust<div style="display:inline-block;width:5.13px"> </div>enrichment. UBS<div style="display:inline-block;width:6.24px"> </div>and<div style="display:inline-block;width:5.13px"> </div>the other<div style="display:inline-block;width:5.93px"> </div>banks have<div style="display:inline-block;width:5.76px"> </div>reached<div style="display:inline-block;width:5.02px"> </div>an agreement<div style="display:inline-block;width:6.17px"> </div>in principle<div style="display:inline-block;width:5.82px"> </div>to resolve </div><div id="a159396" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:436.2px;">those individual matters. </div><div id="a159398" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:459.4px;">In 2015,<div style="display:inline-block;width:5.84px"> </div>a putative class action<div style="display:inline-block;width:5.99px"> </div>was filed<div style="display:inline-block;width:5.3px"> </div>in federal<div style="display:inline-block;width:5.2px"> </div>court against UBS<div style="display:inline-block;width:5.86px"> </div>and numerous<div style="display:inline-block;width:6.03px"> </div>other banks<div style="display:inline-block;width:5.73px"> </div>on behalf<div style="display:inline-block;width:5.38px"> </div>of persons </div><div id="a159401" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:474.5px;">and businesses<div style="display:inline-block;width:5.94px"> </div>in the US<div style="display:inline-block;width:5.71px"> </div>who directly purchased<div style="display:inline-block;width:5.71px"> </div>foreign currency from<div style="display:inline-block;width:6.03px"> </div>the defendants<div style="display:inline-block;width:5.43px"> </div>and alleged<div style="display:inline-block;width:5.43px"> </div>co-conspirators for </div><div id="a159404" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:489.7px;">their own end use. In March 2017, the court granted UBS’s (and the other<div style="display:inline-block;width:2.14px"> </div>banks’) motions to dismiss the complaint. The </div><div id="a159406" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:504.8px;">plaintiffs<div style="display:inline-block;width:5.12px"> </div>filed<div style="display:inline-block;width:5.52px"> </div>an<div style="display:inline-block;width:5.4px"> </div>amended<div style="display:inline-block;width:5.66px"> </div>complaint<div style="display:inline-block;width:5.56px"> </div>in<div style="display:inline-block;width:5.3px"> </div>August<div style="display:inline-block;width:5.86px"> </div>2017.<div style="display:inline-block;width:5.64px"> </div>In<div style="display:inline-block;width:5.3px"> </div>March<div style="display:inline-block;width:5.34px"> </div>2018,<div style="display:inline-block;width:5.64px"> </div>the<div style="display:inline-block;width:5.25px"> </div>court<div style="display:inline-block;width:5.1px"> </div>denied<div style="display:inline-block;width:5.7px"> </div>the<div style="display:inline-block;width:5.25px"> </div>defendants’<div style="display:inline-block;width:5.86px"> </div>motions<div style="display:inline-block;width:5.45px"> </div>to </div><div id="a159407" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:520.4px;">dismiss the amended complaint. In March<div style="display:inline-block;width:5.02px"> </div>2022, the court denied<div style="display:inline-block;width:5.46px"> </div>plaintiffs’ motion for class certification. </div><div id="a159409" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:542.9px;">LIBOR<div style="display:inline-block;width:7.09px"> </div>and<div style="display:inline-block;width:7.5px"> </div>other<div style="display:inline-block;width:7.19px"> </div>benchmark-related<div style="display:inline-block;width:7.43px"> </div>regulatory<div style="display:inline-block;width:7.17px"> </div>matters:</div><div id="a159413" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:337.072px;top:543.1px;"><div style="display:inline-block;width:7.13px"> </div>Numerous<div style="display:inline-block;width:7.84px"> </div>government<div style="display:inline-block;width:7px"> </div>agencies<div style="display:inline-block;width:7.24px"> </div>conducted<div style="display:inline-block;width:7.55px"> </div>investigations </div><div id="a159415" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:558.3px;">regarding potential improper attempts by UBS, among others, to manipulate LIBOR<div style="display:inline-block;width:2.29px"> </div>and other benchmark rates at certain </div><div id="a159416" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:573.9px;">times.<div style="display:inline-block;width:5.42px"> </div>UBS<div style="display:inline-block;width:6.03px"> </div>reached<div style="display:inline-block;width:5.96px"> </div>settlements<div style="display:inline-block;width:5.73px"> </div>or<div style="display:inline-block;width:5.72px"> </div>otherwise<div style="display:inline-block;width:6.29px"> </div>concluded<div style="display:inline-block;width:6.18px"> </div>investigations<div style="display:inline-block;width:6.49px"> </div>relating<div style="display:inline-block;width:5.8px"> </div>to<div style="display:inline-block;width:5.72px"> </div>benchmark<div style="display:inline-block;width:5.77px"> </div>interest<div style="display:inline-block;width:6.07px"> </div>rates<div style="display:inline-block;width:5.42px"> </div>with<div style="display:inline-block;width:6.2px"> </div>the </div><div id="a159418" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:589px;">investigating<div style="display:inline-block;width:6.66px"> </div>authorities.<div style="display:inline-block;width:6.24px"> </div>UBS<div style="display:inline-block;width:6.5px"> </div>was<div style="display:inline-block;width:6.77px"> </div>granted<div style="display:inline-block;width:6.92px"> </div>conditional<div style="display:inline-block;width:6.49px"> </div>leniency<div style="display:inline-block;width:6.41px"> </div>or<div style="display:inline-block;width:6.67px"> </div>conditional<div style="display:inline-block;width:6.49px"> </div>immunity<div style="display:inline-block;width:7.1px"> </div>from<div style="display:inline-block;width:6.13px"> </div>authorities<div style="display:inline-block;width:7.08px"> </div>in<div style="display:inline-block;width:6.25px"> </div>certain </div><div id="a159419" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:604.6px;">jurisdictions, including<div style="display:inline-block;width:5.89px"> </div>the Antitrust Division of<div style="display:inline-block;width:5.59px"> </div>the DOJ and<div style="display:inline-block;width:5.29px"> </div>the Swiss Competition Commission<div style="display:inline-block;width:6.14px"> </div>(WEKO), in connection </div><div id="a159421" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:619.8px;">with<div style="display:inline-block;width:5.72px"> </div>potential<div style="display:inline-block;width:5.77px"> </div>antitrust<div style="display:inline-block;width:5.41px"> </div>or<div style="display:inline-block;width:5.72px"> </div>competition<div style="display:inline-block;width:6.09px"> </div>law<div style="display:inline-block;width:5.67px"> </div>violations<div style="display:inline-block;width:6.14px"> </div>related<div style="display:inline-block;width:5.71px"> </div>to<div style="display:inline-block;width:5.72px"> </div>certain<div style="display:inline-block;width:5.26px"> </div>rates.<div style="display:inline-block;width:5.52px"> </div>However,<div style="display:inline-block;width:6.15px"> </div>UBS<div style="display:inline-block;width:6.03px"> </div>has<div style="display:inline-block;width:5.45px"> </div>not<div style="display:inline-block;width:5.93px"> </div>reached<div style="display:inline-block;width:5.49px"> </div>a<div style="display:inline-block;width:5.67px"> </div>final </div><div id="a159422" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:634.9px;">settlement with WEKO, as the Secretariat of<div style="display:inline-block;width:5.1px"> </div>WEKO has asserted that UBS<div style="display:inline-block;width:5.28px"> </div>does not qualify for full immunity. </div><div id="a159424" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:657.8px;">LIBOR and<div style="display:inline-block;width:5.23px"> </div>other benchmark-related<div style="display:inline-block;width:5.23px"> </div>civil litigation:</div><div id="a159427" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:292.152px;top:658.1px;"><div style="display:inline-block;width:4.25px"> </div>A number<div style="display:inline-block;width:5.29px"> </div>of putative class<div style="display:inline-block;width:5.04px"> </div>actions and<div style="display:inline-block;width:5.7px"> </div>other actions are<div style="display:inline-block;width:5.59px"> </div>pending in </div><div id="a159429" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:673.2px;">the federal<div style="display:inline-block;width:5.62px"> </div>courts in<div style="display:inline-block;width:5.82px"> </div>New York<div style="display:inline-block;width:6.31px"> </div>against UBS<div style="display:inline-block;width:6.33px"> </div>and numerous<div style="display:inline-block;width:5.56px"> </div>other banks<div style="display:inline-block;width:5.86px"> </div>on behalf<div style="display:inline-block;width:5.86px"> </div>of parties<div style="display:inline-block;width:5.2px"> </div>who<div style="display:inline-block;width:5.24px"> </div>transacted in<div style="display:inline-block;width:5.67px"> </div>certain </div><div id="a159430" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:688.4px;">interest rate benchmark-based derivatives. Also pending in the<div style="display:inline-block;width:2.11px"> </div>US and in<div style="display:inline-block;width:2.28px"> </div>other jurisdictions are a number<div style="display:inline-block;width:1.83px"> </div>of other actions </div><div id="a159434" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:704px;">asserting losses<div style="display:inline-block;width:5.17px"> </div>related to various<div style="display:inline-block;width:5.96px"> </div>products whose<div style="display:inline-block;width:5.98px"> </div>interest rates were<div style="display:inline-block;width:5.27px"> </div>linked to<div style="display:inline-block;width:5.08px"> </div>LIBOR and<div style="display:inline-block;width:5.7px"> </div>other benchmarks, including </div><div id="a159435" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:719.1px;">adjustable<div style="display:inline-block;width:6.91px"> </div>rate<div style="display:inline-block;width:6.79px"> </div>mortgages,<div style="display:inline-block;width:6.92px"> </div>preferred<div style="display:inline-block;width:7.01px"> </div>and<div style="display:inline-block;width:7.03px"> </div>debt<div style="display:inline-block;width:6.87px"> </div>securities,<div style="display:inline-block;width:6.78px"> </div>bonds<div style="display:inline-block;width:7.48px"> </div>pledged<div style="display:inline-block;width:7.33px"> </div>as<div style="display:inline-block;width:6.67px"> </div>collateral,<div style="display:inline-block;width:6.58px"> </div>loans,<div style="display:inline-block;width:7.07px"> </div>depository<div style="display:inline-block;width:6.87px"> </div>accounts, </div><div id="a159437" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:734.3px;">investments<div style="display:inline-block;width:5.88px"> </div>and<div style="display:inline-block;width:6.08px"> </div>other<div style="display:inline-block;width:5.77px"> </div>interest-bearing<div style="display:inline-block;width:6.4px"> </div>instruments.<div style="display:inline-block;width:6.24px"> </div>The<div style="display:inline-block;width:5.88px"> </div>complaints<div style="display:inline-block;width:6.09px"> </div>allege<div style="display:inline-block;width:6.14px"> </div>manipulation,<div style="display:inline-block;width:6.64px"> </div>through<div style="display:inline-block;width:6.62px"> </div>various<div style="display:inline-block;width:5.67px"> </div>means,<div style="display:inline-block;width:5.88px"> </div>of </div><div id="a159440" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:749.9px;">certain benchmark interest<div style="display:inline-block;width:2.19px"> </div>rates, including USD LIBOR, Euroyen TIBOR,<div style="display:inline-block;width:2.28px"> </div>Yen LIBOR, EURIBOR, CHF LIBOR, GBP<div style="display:inline-block;width:1.65px"> </div>LIBOR, SGD </div><div id="a159447" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:765px;">SIBOR<div style="display:inline-block;width:6.34px"> </div>and<div style="display:inline-block;width:6.55px"> </div>SOR<div style="display:inline-block;width:6.25px"> </div>and<div style="display:inline-block;width:6.08px"> </div>Australian<div style="display:inline-block;width:6.24px"> </div>BBSW,<div style="display:inline-block;width:6.49px"> </div>and<div style="display:inline-block;width:6.55px"> </div>seek<div style="display:inline-block;width:5.72px"> </div>unspecified<div style="display:inline-block;width:6.44px"> </div>compensatory<div style="display:inline-block;width:6.14px"> </div>and<div style="display:inline-block;width:6.55px"> </div>other<div style="display:inline-block;width:6.25px"> </div>damages<div style="display:inline-block;width:6.45px"> </div>under<div style="display:inline-block;width:6.6px"> </div>varying<div style="display:inline-block;width:5.89px"> </div>legal </div><div id="a159448" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:780.6px;">theories.</div></div><div id="TextBlockContainer1310" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:840px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a159490" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:0px;">USD LIBOR class and individual actions in the<div style="display:inline-block;width:2.12px"> </div>US: </div><div id="a159494" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:282.192px;top:0.3px;">In 2013 and 2015,<div style="display:inline-block;width:2.07px"> </div>the district court<div style="display:inline-block;width:1.9px"> </div>in the USD LIBOR actions dismissed, </div><div id="a159497" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.9px;">in whole<div style="display:inline-block;width:6.28px"> </div>or in<div style="display:inline-block;width:5.93px"> </div>part, certain<div style="display:inline-block;width:5.37px"> </div>plaintiffs’ antitrust<div style="display:inline-block;width:6.49px"> </div>claims, federal<div style="display:inline-block;width:6.11px"> </div>racketeering<div style="display:inline-block;width:5.31px"> </div>claims, CEA<div style="display:inline-block;width:6.15px"> </div>claims, and<div style="display:inline-block;width:5.77px"> </div>state common<div style="display:inline-block;width:6.09px"> </div>law </div><div id="a159498" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:31px;">claims,<div style="display:inline-block;width:5.26px"> </div>and<div style="display:inline-block;width:5.61px"> </div>again<div style="display:inline-block;width:5.5px"> </div>dismissed<div style="display:inline-block;width:5.39px"> </div>the<div style="display:inline-block;width:5.25px"> </div>antitrust<div style="display:inline-block;width:5.07px"> </div>claims<div style="display:inline-block;width:5.16px"> </div>in<div style="display:inline-block;width:5.3px"> </div>2016<div style="display:inline-block;width:6.01px"> </div>following<div style="display:inline-block;width:5.65px"> </div>an<div style="display:inline-block;width:5.4px"> </div>appeal.<div style="display:inline-block;width:5.13px"> </div>In<div style="display:inline-block;width:5.3px"> </div>December 2021,<div style="display:inline-block;width:7.01px"> </div>the<div style="display:inline-block;width:5.25px"> </div>Second<div style="display:inline-block;width:5.61px"> </div>Circuit </div><div id="a159500" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.6px;">affirmed<div style="display:inline-block;width:6.82px"> </div>the<div style="display:inline-block;width:6.67px"> </div>district<div style="display:inline-block;width:6.95px"> </div>court’s<div style="display:inline-block;width:6.67px"> </div>dismissal<div style="display:inline-block;width:7.45px"> </div>in<div style="display:inline-block;width:6.72px"> </div>part<div style="display:inline-block;width:6.52px"> </div>and<div style="display:inline-block;width:7.03px"> </div>reversed<div style="display:inline-block;width:7.08px"> </div>in<div style="display:inline-block;width:6.72px"> </div>part<div style="display:inline-block;width:6.99px"> </div>and<div style="display:inline-block;width:7.03px"> </div>remanded<div style="display:inline-block;width:7.16px"> </div>to<div style="display:inline-block;width:6.67px"> </div>the<div style="display:inline-block;width:6.67px"> </div>district<div style="display:inline-block;width:6.95px"> </div>court<div style="display:inline-block;width:6.99px"> </div>for<div style="display:inline-block;width:6.52px"> </div>further </div><div id="a159501" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.8px;">proceedings. The Second<div style="display:inline-block;width:2.23px"> </div>Circuit, among other<div style="display:inline-block;width:1.69px"> </div>things, held that<div style="display:inline-block;width:2.07px"> </div>there was<div style="display:inline-block;width:2.28px"> </div>personal jurisdiction<div style="display:inline-block;width:2.33px"> </div>over UBS<div style="display:inline-block;width:2.2px"> </div>and other foreign </div><div id="a159503" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.9px;">defendants<div style="display:inline-block;width:5.28px"> </div>based<div style="display:inline-block;width:5.18px"> </div>on<div style="display:inline-block;width:5.13px"> </div>allegations that<div style="display:inline-block;width:5.86px"> </div>at least<div style="display:inline-block;width:5.42px"> </div>one<div style="display:inline-block;width:5.13px"> </div>alleged co<div style="display:inline-block;width:1.47px"> </div>-conspirator<div style="display:inline-block;width:5.14px"> </div>undertook<div style="display:inline-block;width:5.43px"> </div>an overt<div style="display:inline-block;width:5.68px"> </div>act in<div style="display:inline-block;width:5.99px"> </div>the United<div style="display:inline-block;width:6.13px"> </div>States. </div><div id="a159506" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:92.5px;">Separately,<div style="display:inline-block;width:5.17px"> </div>in 2018,<div style="display:inline-block;width:6.79px"> </div>the Second<div style="display:inline-block;width:6.23px"> </div>Circuit reversed<div style="display:inline-block;width:6.11px"> </div>in part<div style="display:inline-block;width:6.25px"> </div>the district<div style="display:inline-block;width:6.63px"> </div>court’s<div style="display:inline-block;width:5.03px"> </div>2015<div style="display:inline-block;width:5.54px"> </div>decision dismissing<div style="display:inline-block;width:6.78px"> </div>certain individual </div><div id="a159508" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:107.7px;">plaintiffs’ claims<div style="display:inline-block;width:5.29px"> </div>and certain<div style="display:inline-block;width:5.3px"> </div>of these<div style="display:inline-block;width:5.45px"> </div>actions are<div style="display:inline-block;width:5.39px"> </div>now proceeding.<div style="display:inline-block;width:6.24px"> </div>In 2018,<div style="display:inline-block;width:5.84px"> </div>the district<div style="display:inline-block;width:5.21px"> </div>court denied<div style="display:inline-block;width:5.23px"> </div>plaintiffs’<div style="display:inline-block;width:5.23px"> </div>motions </div><div id="a159509" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:123.3px;">for class certification in the USD<div style="display:inline-block;width:5.54px"> </div>class actions for claims pending<div style="display:inline-block;width:5.22px"> </div>against UBS, and plaintiffs sought<div style="display:inline-block;width:5.09px"> </div>permission to appeal </div><div id="a159513" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:138.4px;">that ruling to the<div style="display:inline-block;width:1.97px"> </div>Second Circuit. In July<div style="display:inline-block;width:1.96px"> </div>2018, the Second Circuit<div style="display:inline-block;width:2.03px"> </div>denied the petition<div style="display:inline-block;width:2.27px"> </div>to appeal of the<div style="display:inline-block;width:1.71px"> </div>class of USD lenders </div><div id="a159516" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:154px;">and in November 2018 denied<div style="display:inline-block;width:5.59px"> </div>the petition of the USD exchange class. In January 2019,<div style="display:inline-block;width:5.99px"> </div>a putative class action was filed </div><div id="a159520" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:169.2px;">in<div style="display:inline-block;width:5.3px"> </div>the<div style="display:inline-block;width:5.25px"> </div>District<div style="display:inline-block;width:5.48px"> </div>Court<div style="display:inline-block;width:5.93px"> </div>for<div style="display:inline-block;width:5.1px"> </div>the<div style="display:inline-block;width:5.25px"> </div>Southern<div style="display:inline-block;width:5.94px"> </div>District<div style="display:inline-block;width:5.48px"> </div>of<div style="display:inline-block;width:5.25px"> </div>New<div style="display:inline-block;width:5.93px"> </div>York<div style="display:inline-block;width:5.47px"> </div>against<div style="display:inline-block;width:5.4px"> </div>UBS<div style="display:inline-block;width:5.56px"> </div>and<div style="display:inline-block;width:5.61px"> </div>numerous<div style="display:inline-block;width:6.47px"> </div>other<div style="display:inline-block;width:5.3px"> </div>banks<div style="display:inline-block;width:5.66px"> </div>on<div style="display:inline-block;width:5.61px"> </div>behalf<div style="display:inline-block;width:5.35px"> </div>of<div style="display:inline-block;width:5.25px"> </div>US </div><div id="a159521" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:184.3px;">residents who, since<div style="display:inline-block;width:2.04px"> </div>1 February 2014, directly<div style="display:inline-block;width:1.69px"> </div>transacted with<div style="display:inline-block;width:2.31px"> </div>a defendant bank<div style="display:inline-block;width:2.06px"> </div>in USD LIBOR instruments.<div style="display:inline-block;width:1.93px"> </div>The complaint </div><div id="a159527" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:199.9px;">asserts antitrust claims.<div style="display:inline-block;width:2.21px"> </div>The defendants moved to<div style="display:inline-block;width:1.64px"> </div>dismiss the complaint in<div style="display:inline-block;width:1.76px"> </div>August 2019. In March<div style="display:inline-block;width:2.12px"> </div>2020 the court<div style="display:inline-block;width:1.91px"> </div>granted </div><div id="a159528" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:215px;">defendants’<div style="display:inline-block;width:5.38px"> </div>motion to<div style="display:inline-block;width:6.02px"> </div>dismiss the<div style="display:inline-block;width:5.82px"> </div>complaint<div style="display:inline-block;width:5.09px"> </div>in its<div style="display:inline-block;width:6.14px"> </div>entirety. Plaintiffs<div style="display:inline-block;width:6.49px"> </div>have appealed<div style="display:inline-block;width:6.75px"> </div>the dismissal.<div style="display:inline-block;width:5.82px"> </div>In March<div style="display:inline-block;width:6.49px"> </div>2022,<div style="display:inline-block;width:5.64px"> </div>the </div><div id="a159529" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:230.7px;">Second<div style="display:inline-block;width:5.13px"> </div>Circuit dismissed<div style="display:inline-block;width:5.91px"> </div>the appeal<div style="display:inline-block;width:6.13px"> </div>because appellants,<div style="display:inline-block;width:6.43px"> </div>who<div style="display:inline-block;width:5.24px"> </div>had been<div style="display:inline-block;width:6.12px"> </div>substituted in<div style="display:inline-block;width:5.75px"> </div>to replace<div style="display:inline-block;width:5.81px"> </div>the original<div style="display:inline-block;width:5.97px"> </div>plaintiffs </div><div id="a159531" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:245.8px;">who had withdrawn, lacked standing<div style="display:inline-block;width:2.34px"> </div>to pursue the appeal.<div style="display:inline-block;width:2.27px"> </div>In August 2020, an<div style="display:inline-block;width:1.71px"> </div>individual action was filed<div style="display:inline-block;width:2.33px"> </div>in the Northern </div><div id="a159532" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:261.4px;">District of<div style="display:inline-block;width:5.63px"> </div>California against<div style="display:inline-block;width:6.24px"> </div>UBS<div style="display:inline-block;width:5.08px"> </div>and<div style="display:inline-block;width:5.13px"> </div>numerous<div style="display:inline-block;width:5.05px"> </div>other banks<div style="display:inline-block;width:6.33px"> </div>alleging that<div style="display:inline-block;width:5.5px"> </div>the defendants<div style="display:inline-block;width:6.38px"> </div>conspired<div style="display:inline-block;width:5.37px"> </div>to fix the<div style="display:inline-block;width:6px"> </div>interest </div><div id="a159534" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:276.6px;">rate used<div style="display:inline-block;width:6.87px"> </div>as<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>basis<div style="display:inline-block;width:5.4px"> </div>for<div style="display:inline-block;width:5.1px"> </div>loans<div style="display:inline-block;width:5.55px"> </div>to<div style="display:inline-block;width:5.25px"> </div>consumers by<div style="display:inline-block;width:6.45px"> </div>jointly setting<div style="display:inline-block;width:6.98px"> </div>the<div style="display:inline-block;width:5.25px"> </div>USD LIBOR<div style="display:inline-block;width:5.86px"> </div>rate<div style="display:inline-block;width:5.37px"> </div>and<div style="display:inline-block;width:5.61px"> </div>monopolized<div style="display:inline-block;width:5.38px"> </div>the<div style="display:inline-block;width:5.25px"> </div>market for </div><div id="a159537" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:291.7px;">LIBOR-based<div style="display:inline-block;width:6.45px"> </div>consumer<div style="display:inline-block;width:6.29px"> </div>loans<div style="display:inline-block;width:6.5px"> </div>and<div style="display:inline-block;width:6.55px"> </div>credit<div style="display:inline-block;width:5.98px"> </div>cards.<div style="display:inline-block;width:6.39px"> </div>Defendants<div style="display:inline-block;width:6.81px"> </div>moved<div style="display:inline-block;width:6.2px"> </div>to<div style="display:inline-block;width:6.2px"> </div>dismiss<div style="display:inline-block;width:6.61px"> </div>the<div style="display:inline-block;width:6.67px"> </div>complaint<div style="display:inline-block;width:6.04px"> </div>in<div style="display:inline-block;width:6.25px"> </div>September<div style="display:inline-block;width:6.57px"> </div>2021.<div style="display:inline-block;width:7.06px"> </div>In </div><div id="a159541" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:307.3px;">September 2022, the court<div style="display:inline-block;width:5.37px"> </div>granted defendants’ motion<div style="display:inline-block;width:5.62px"> </div>to dismiss the complaint<div style="display:inline-block;width:5.49px"> </div>in its entirety, while<div style="display:inline-block;width:5.08px"> </div>allowing plaintiffs </div><div id="a159542" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:322.4px;">the opportunity<div style="display:inline-block;width:5.33px"> </div>to file an<div style="display:inline-block;width:5.3px"> </div>amended<div style="display:inline-block;width:5.18px"> </div>complaint. Plaintiffs<div style="display:inline-block;width:5.02px"> </div>filed an<div style="display:inline-block;width:5.35px"> </div>amended complaint<div style="display:inline-block;width:5.93px"> </div>in October<div style="display:inline-block;width:5.2px"> </div>2022,<div style="display:inline-block;width:5.17px"> </div>and defendants </div><div id="a159544" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:338.1px;">have moved to dismiss the amended<div style="display:inline-block;width:5.36px"> </div>complaint in November 2022<div style="display:inline-block;width:1.39px"> </div>. </div><div id="a159548" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:360.5px;">Other benchmark class actions in the<div style="display:inline-block;width:5.16px"> </div>US:<div style="display:inline-block;width:4.1px"> </div></div><div id="a159551" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:375.6px;">Yen<div style="display:inline-block;width:6.49px"> </div>LIBOR<div style="display:inline-block;width:5.2px"> </div>/<div style="display:inline-block;width:5.31px"> </div>Euroyen<div style="display:inline-block;width:5.45px"> </div>TIBOR<div style="display:inline-block;width:5.49px"> </div>– </div><div id="a159554" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:181.872px;top:375.9px;">In 2014,<div style="display:inline-block;width:6.32px"> </div>2015<div style="display:inline-block;width:5.54px"> </div>and<div style="display:inline-block;width:5.13px"> </div>2017,<div style="display:inline-block;width:5.64px"> </div>the court<div style="display:inline-block;width:6.2px"> </div>in<div style="display:inline-block;width:5.3px"> </div>one<div style="display:inline-block;width:5.13px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>Yen<div style="display:inline-block;width:6.1px"> </div>LIBOR<div style="display:inline-block;width:5.2px"> </div>/<div style="display:inline-block;width:5.31px"> </div>Euroyen<div style="display:inline-block;width:5.94px"> </div>TIBOR<div style="display:inline-block;width:5.4px"> </div>lawsuits </div><div id="a159556" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:391px;">dismissed<div style="display:inline-block;width:5.39px"> </div>certain<div style="display:inline-block;width:5.26px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>plaintiffs’<div style="display:inline-block;width:5.23px"> </div>claims,<div style="display:inline-block;width:5.26px"> </div>including<div style="display:inline-block;width:5.7px"> </div>the<div style="display:inline-block;width:5.25px"> </div>plaintiffs’<div style="display:inline-block;width:5.23px"> </div>federal antitrust<div style="display:inline-block;width:7.2px"> </div>and<div style="display:inline-block;width:5.61px"> </div>racketeering<div style="display:inline-block;width:5.31px"> </div>claims. In<div style="display:inline-block;width:6.41px"> </div>August </div><div id="a159557" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:406.6px;">2020,<div style="display:inline-block;width:5.17px"> </div>the court granted<div style="display:inline-block;width:5.66px"> </div>defendants’ motion<div style="display:inline-block;width:5.69px"> </div>for judgment<div style="display:inline-block;width:5.13px"> </div>on the pleadings<div style="display:inline-block;width:6.04px"> </div>and dismissed the<div style="display:inline-block;width:5.58px"> </div>lone remaining<div style="display:inline-block;width:5.94px"> </div>claim in </div><div id="a159559" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:421.8px;">the action as<div style="display:inline-block;width:1.67px"> </div>impermissibly extraterritorial. In October<div style="display:inline-block;width:2.13px"> </div>2022, the appeals court<div style="display:inline-block;width:1.52px"> </div>affirmed the dismissal<div style="display:inline-block;width:2.23px"> </div>on multiple grounds. </div><div id="a159560" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:437.4px;">In 2017,<div style="display:inline-block;width:6.32px"> </div>the court<div style="display:inline-block;width:5.72px"> </div>dismissed the<div style="display:inline-block;width:6.02px"> </div>other Yen<div style="display:inline-block;width:7.25px"> </div>LIBOR<div style="display:inline-block;width:5.2px"> </div>/ Euroyen<div style="display:inline-block;width:6.37px"> </div>TIBOR action<div style="display:inline-block;width:6.39px"> </div>in its<div style="display:inline-block;width:5.67px"> </div>entirety<div style="display:inline-block;width:5.35px"> </div>on<div style="display:inline-block;width:5.13px"> </div>standing<div style="display:inline-block;width:5.33px"> </div>grounds.<div style="display:inline-block;width:5.51px"> </div>In April </div><div id="a159561" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:452.6px;">2020, the<div style="display:inline-block;width:5.35px"> </div>appeals court reversed<div style="display:inline-block;width:5.16px"> </div>the dismissal and<div style="display:inline-block;width:5.75px"> </div>in August<div style="display:inline-block;width:5.11px"> </div>2020 plaintiffs in<div style="display:inline-block;width:5.29px"> </div>that action filed<div style="display:inline-block;width:5.09px"> </div>an amended<div style="display:inline-block;width:5.49px"> </div>complaint </div><div id="a159563" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:468.2px;">focused<div style="display:inline-block;width:6.45px"> </div>on<div style="display:inline-block;width:6.55px"> </div>Yen<div style="display:inline-block;width:7.52px"> </div>LIBOR.<div style="display:inline-block;width:6.25px"> </div>The<div style="display:inline-block;width:5.88px"> </div>court<div style="display:inline-block;width:6.04px"> </div>granted<div style="display:inline-block;width:6.45px"> </div>in<div style="display:inline-block;width:6.25px"> </div>part<div style="display:inline-block;width:6.04px"> </div>and<div style="display:inline-block;width:6.08px"> </div>denied<div style="display:inline-block;width:6.65px"> </div>in<div style="display:inline-block;width:5.77px"> </div>part<div style="display:inline-block;width:6.04px"> </div>defendants’<div style="display:inline-block;width:6.8px"> </div>motion<div style="display:inline-block;width:6.34px"> </div>to<div style="display:inline-block;width:6.2px"> </div>dismiss<div style="display:inline-block;width:6.14px"> </div>the<div style="display:inline-block;width:6.2px"> </div>amended </div><div id="a159564" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:483.3px;">complaint in<div style="display:inline-block;width:5.77px"> </div>September 2021.<div style="display:inline-block;width:6.16px"> </div>In August<div style="display:inline-block;width:5.75px"> </div>2022, the<div style="display:inline-block;width:5.8px"> </div>court granted<div style="display:inline-block;width:5.5px"> </div>UBS’s motion<div style="display:inline-block;width:6.01px"> </div>for reconsideration<div style="display:inline-block;width:5.63px"> </div>and dismissed<div style="display:inline-block;width:5.9px"> </div>the </div><div id="a159567" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:498.4px;">case against UBS.<div style="display:inline-block;width:4.55px"> </div></div><div id="a159569" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:521.4px;">CHF LIBOR</div><div id="a159570" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:64.05px;top:521.6px;"><div style="display:inline-block;width:3.31px"> </div>– In 2017, the court<div style="display:inline-block;width:2.32px"> </div>dismissed the CHF LIBOR action on standing grounds<div style="display:inline-block;width:1.9px"> </div>and failure to state<div style="display:inline-block;width:2.33px"> </div>a claim. Plaintiffs </div><div id="a159576" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:536.8px;">filed an amended complaint, and the court granted a<div style="display:inline-block;width:2.11px"> </div>renewed motion to dismiss in September 2019. Plaintiffs appealed. </div><div id="a159578" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:551.9px;">In September 2021, the Second Circuit granted<div style="display:inline-block;width:5.05px"> </div>the parties’ joint motion to vacate the dismissal and remand the case for </div><div id="a159579" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:567.5px;">further proceedings. Plaintiffs filed a third amended complaint in November 2022 and defendants have moved<div style="display:inline-block;width:2.11px"> </div>to dismiss </div><div id="a159581" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:582.7px;">the amended complaint in January 2023<div style="display:inline-block;width:1.84px"> </div>. </div><div id="a159585" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:605.1px;">EURIBOR</div><div id="a159586" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:55.538px;top:605.4px;"><div style="display:inline-block;width:3.78px"> </div>– In 2017, the court in the EURIBOR<div style="display:inline-block;width:5.22px"> </div>lawsuit dismissed the case as to UBS and certain other foreign<div style="display:inline-block;width:5.41px"> </div>defendants </div><div id="a159590" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:620.5px;">for lack of personal jurisdiction. Plaintiffs<div style="display:inline-block;width:5.17px"> </div>have appealed.<div style="display:inline-block;width:4.55px"> </div></div><div id="a159593" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:643.4px;">SIBOR / SOR</div><div id="a159594" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:73.036px;top:643.7px;"><div style="display:inline-block;width:3.31px"> </div>– In October 2018, the court<div style="display:inline-block;width:2.25px"> </div>in the SIBOR / SOR action<div style="display:inline-block;width:1.96px"> </div>dismissed all but one of plaintiffs’<div style="display:inline-block;width:2.18px"> </div>claims against UBS. </div><div id="a159598" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:658.8px;">Plaintiffs<div style="display:inline-block;width:6.34px"> </div>filed<div style="display:inline-block;width:5.99px"> </div>an<div style="display:inline-block;width:6.35px"> </div>amended<div style="display:inline-block;width:7.07px"> </div>complaint,<div style="display:inline-block;width:6.14px"> </div>and<div style="display:inline-block;width:6.55px"> </div>the<div style="display:inline-block;width:6.2px"> </div>court<div style="display:inline-block;width:6.52px"> </div>granted<div style="display:inline-block;width:6.45px"> </div>a<div style="display:inline-block;width:6.15px"> </div>renewed<div style="display:inline-block;width:6.74px"> </div>motion<div style="display:inline-block;width:6.82px"> </div>to<div style="display:inline-block;width:6.2px"> </div>dismiss<div style="display:inline-block;width:6.14px"> </div>in<div style="display:inline-block;width:6.25px"> </div>July<div style="display:inline-block;width:6.36px"> </div>2019.<div style="display:inline-block;width:7.06px"> </div>Plaintiffs </div><div id="a159600" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:674px;">appealed.<div style="display:inline-block;width:5.34px"> </div>In March<div style="display:inline-block;width:6.01px"> </div>2021,<div style="display:inline-block;width:5.64px"> </div>the Second<div style="display:inline-block;width:6.23px"> </div>Circuit reversed<div style="display:inline-block;width:5.64px"> </div>the dismissal.<div style="display:inline-block;width:6.29px"> </div>Plaintiffs<div style="display:inline-block;width:5.39px"> </div>filed<div style="display:inline-block;width:5.52px"> </div>an amended<div style="display:inline-block;width:6.44px"> </div>complaint in<div style="display:inline-block;width:6.24px"> </div>October </div><div id="a159601" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:689.6px;">2021, which defendants moved to dismiss in November 2021. In March 2022, plaintiffs reached a settlement in principle </div><div id="a159604" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:704.7px;">with the remaining defendants,<div style="display:inline-block;width:5.24px"> </div>including UBS. The court granted<div style="display:inline-block;width:5.08px"> </div>final approval of the settlement in November 2022.<div style="display:inline-block;width:5.77px"> </div></div><div id="a159607" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:727.2px;">BBSW</div><div id="a159608" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:38.986px;top:727.4px;"><div style="display:inline-block;width:4.73px"> </div>– In<div style="display:inline-block;width:5.4px"> </div>November 2018,<div style="display:inline-block;width:6.27px"> </div>the court<div style="display:inline-block;width:5.25px"> </div>dismissed the<div style="display:inline-block;width:6.02px"> </div>BBSW lawsuit<div style="display:inline-block;width:5.5px"> </div>as to<div style="display:inline-block;width:5.4px"> </div>UBS<div style="display:inline-block;width:5.08px"> </div>and certain other<div style="display:inline-block;width:5.98px"> </div>foreign<div style="display:inline-block;width:5.16px"> </div>defendants for </div><div id="a159612" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:742.6px;">lack of personal jurisdiction. Plaintiffs filed an amended complaint<div style="display:inline-block;width:2.19px"> </div>in April 2019, which UBS and other<div style="display:inline-block;width:2.22px"> </div>defendants moved </div><div id="a159614" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:758.2px;">to dismiss in<div style="display:inline-block;width:5.58px"> </div>May 2019.<div style="display:inline-block;width:5.66px"> </div>In February 2020,<div style="display:inline-block;width:5.64px"> </div>the court granted<div style="display:inline-block;width:5.66px"> </div>in part and<div style="display:inline-block;width:5.34px"> </div>denied in part defendants’<div style="display:inline-block;width:6.19px"> </div>motions to<div style="display:inline-block;width:5.13px"> </div>dismiss </div><div id="a159617" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:773.3px;">the<div style="display:inline-block;width:6.2px"> </div>amended<div style="display:inline-block;width:6.6px"> </div>complaint.<div style="display:inline-block;width:6.14px"> </div>In<div style="display:inline-block;width:6.25px"> </div>August<div style="display:inline-block;width:6.8px"> </div>2020,<div style="display:inline-block;width:7.06px"> </div>UBS<div style="display:inline-block;width:6.03px"> </div>and<div style="display:inline-block;width:6.08px"> </div>other<div style="display:inline-block;width:6.25px"> </div>BBSW<div style="display:inline-block;width:6.57px"> </div>defendants<div style="display:inline-block;width:6.7px"> </div>joined<div style="display:inline-block;width:6.55px"> </div>a<div style="display:inline-block;width:6.15px"> </div>motion<div style="display:inline-block;width:6.34px"> </div>for<div style="display:inline-block;width:6.04px"> </div>judgment<div style="display:inline-block;width:6.55px"> </div>on<div style="display:inline-block;width:6.55px"> </div>the </div><div id="a159620" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:788.9px;">pleadings, which<div style="display:inline-block;width:5.79px"> </div>the court denied<div style="display:inline-block;width:5.86px"> </div>in May<div style="display:inline-block;width:5.25px"> </div>2021.<div style="display:inline-block;width:5.17px"> </div>In February 2022,<div style="display:inline-block;width:6.12px"> </div>plaintiffs reached<div style="display:inline-block;width:5.99px"> </div>a settlement<div style="display:inline-block;width:5.31px"> </div>in principle<div style="display:inline-block;width:5.34px"> </div>with the </div><div id="a159621" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:804.1px;">remaining defendants, including<div style="display:inline-block;width:5.47px"> </div>UBS. The court granted final approval of<div style="display:inline-block;width:5.07px"> </div>the settlement in<div style="display:inline-block;width:4.46px"> </div>November 2022. </div><div id="a159624" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:826.8px;">GBP LIBOR – The court dismissed the GBP<div style="display:inline-block;width:5.1px"> </div>LIBOR action in August<div style="display:inline-block;width:5.26px"> </div>2019. Plaintiffs have appealed.</div></div><div id="TextBlockContainer1312" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:625px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a159668" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Government bonds:<div style="display:inline-block;width:5.87px"> </div>Putative class actions<div style="display:inline-block;width:5.26px"> </div>have been<div style="display:inline-block;width:5.24px"> </div>filed since 2015<div style="display:inline-block;width:5.06px"> </div>in US<div style="display:inline-block;width:5.08px"> </div>federal courts against<div style="display:inline-block;width:5.63px"> </div>UBS and other<div style="display:inline-block;width:5.32px"> </div>banks </div><div id="a159671" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">on behalf<div style="display:inline-block;width:5.86px"> </div>of persons<div style="display:inline-block;width:5.91px"> </div>who participated<div style="display:inline-block;width:5.08px"> </div>in markets<div style="display:inline-block;width:5.94px"> </div>for US<div style="display:inline-block;width:5.83px"> </div>Treasury securities<div style="display:inline-block;width:5.14px"> </div>since 2007.<div style="display:inline-block;width:6.16px"> </div>A consolidated<div style="display:inline-block;width:5.96px"> </div>complaint was </div><div id="a159672" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">filed in 2017 in the US District Court for the Southern<div style="display:inline-block;width:5.66px"> </div>District of New York alleging that the banks<div style="display:inline-block;width:5.11px"> </div>colluded with respect </div><div id="a159674" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.4px;">to, and<div style="display:inline-block;width:5.86px"> </div>manipulated<div style="display:inline-block;width:5.02px"> </div>prices of,<div style="display:inline-block;width:5.72px"> </div>US Treasury<div style="display:inline-block;width:5.24px"> </div>securities sold<div style="display:inline-block;width:5.71px"> </div>at auction<div style="display:inline-block;width:5.77px"> </div>and in<div style="display:inline-block;width:5.81px"> </div>the secondary<div style="display:inline-block;width:5.45px"> </div>market and<div style="display:inline-block;width:5.72px"> </div>asserting claims </div><div id="a159675" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">under<div style="display:inline-block;width:5.66px"> </div>the<div style="display:inline-block;width:5.25px"> </div>antitrust laws<div style="display:inline-block;width:6.04px"> </div>and<div style="display:inline-block;width:5.61px"> </div>for unjust<div style="display:inline-block;width:6.55px"> </div>enrichment. Defendants’<div style="display:inline-block;width:6.8px"> </div>motions<div style="display:inline-block;width:5.45px"> </div>to dismiss<div style="display:inline-block;width:6.29px"> </div>the<div style="display:inline-block;width:5.25px"> </div>consolidated<div style="display:inline-block;width:5.23px"> </div>complaint<div style="display:inline-block;width:5.09px"> </div>were </div><div id="a159676" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;">granted<div style="display:inline-block;width:5.5px"> </div>in<div style="display:inline-block;width:5.3px"> </div>March<div style="display:inline-block;width:5.34px"> </div>2021.<div style="display:inline-block;width:6.12px"> </div>Plaintiffs filed<div style="display:inline-block;width:6.28px"> </div>an<div style="display:inline-block;width:5.4px"> </div>amended<div style="display:inline-block;width:5.66px"> </div>complaint,<div style="display:inline-block;width:5.2px"> </div>which<div style="display:inline-block;width:5.4px"> </div>defendants<div style="display:inline-block;width:6.23px"> </div>moved<div style="display:inline-block;width:5.25px"> </div>to<div style="display:inline-block;width:5.25px"> </div>dismiss<div style="display:inline-block;width:5.19px"> </div>in<div style="display:inline-block;width:5.3px"> </div>June<div style="display:inline-block;width:5.45px"> </div>2021.<div style="display:inline-block;width:6.12px"> </div>In </div><div id="a159678" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:92.3px;">March<div style="display:inline-block;width:5.34px"> </div>2022,<div style="display:inline-block;width:6.12px"> </div>the<div style="display:inline-block;width:5.25px"> </div>court granted<div style="display:inline-block;width:6.45px"> </div>defendants’<div style="display:inline-block;width:5.86px"> </div>motion<div style="display:inline-block;width:5.4px"> </div>to<div style="display:inline-block;width:5.25px"> </div>dismiss<div style="display:inline-block;width:5.19px"> </div>that<div style="display:inline-block;width:5.1px"> </div>complaint.<div style="display:inline-block;width:5.2px"> </div>Plaintiffs<div style="display:inline-block;width:5.87px"> </div>have<div style="display:inline-block;width:5.2px"> </div>appealed<div style="display:inline-block;width:5.7px"> </div>the<div style="display:inline-block;width:5.25px"> </div>dismissal. </div><div id="a159679" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:107.4px;">Similar class actions have been<div style="display:inline-block;width:5.28px"> </div>filed concerning European government<div style="display:inline-block;width:5.32px"> </div>bonds and other government bonds. </div><div id="a159682" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:130.6px;">In May 2021, the European Commission<div style="display:inline-block;width:2.2px"> </div>issued a decision finding that UBS<div style="display:inline-block;width:2.34px"> </div>and six other<div style="display:inline-block;width:1.87px"> </div>banks breached European Union </div><div id="a159683" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:145.7px;">antitrust rules in 2007–2011<div style="display:inline-block;width:6.11px"> </div>relating to European government<div style="display:inline-block;width:5.08px"> </div>bonds. The European<div style="display:inline-block;width:5.25px"> </div>Commission fined UBS EUR </div><div id="a159683_106_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:648.912px;top:145.7px;">172</div><div id="a159683_109_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:671.611px;top:145.7px;">m. </div><div id="a159689" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:160.9px;">UBS is appealing the<div style="display:inline-block;width:5.04px"> </div>amount of the fine. </div><div id="a159691" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:183.6px;">With respect<div style="display:inline-block;width:5.19px"> </div>to additional<div style="display:inline-block;width:5.23px"> </div>matters and<div style="display:inline-block;width:5.62px"> </div>jurisdictions not<div style="display:inline-block;width:5.54px"> </div>encompassed by<div style="display:inline-block;width:5.38px"> </div>the settlements and<div style="display:inline-block;width:5.92px"> </div>orders referred<div style="display:inline-block;width:5.29px"> </div>to above, </div><div id="a159692" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:198.7px;">our balance<div style="display:inline-block;width:5.18px"> </div>sheet at<div style="display:inline-block;width:5.25px"> </div>31 December<div style="display:inline-block;width:5.19px"> </div>2022<div style="display:inline-block;width:5.07px"> </div>reflected a provision<div style="display:inline-block;width:6.18px"> </div>in an<div style="display:inline-block;width:5.13px"> </div>amount that<div style="display:inline-block;width:5.5px"> </div>UBS believes<div style="display:inline-block;width:5.5px"> </div>to be<div style="display:inline-block;width:5.08px"> </div>appropriate under </div><div id="a159696" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:214.3px;">the applicable accounting standard.<div style="display:inline-block;width:5.28px"> </div>As in the case of other matters for which we have<div style="display:inline-block;width:5.28px"> </div>established provisions, the<div style="display:inline-block;width:5.07px"> </div>future </div><div id="a159697" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:229.5px;">outflow<div style="display:inline-block;width:6.45px"> </div>of<div style="display:inline-block;width:6.2px"> </div>resources<div style="display:inline-block;width:6.62px"> </div>in<div style="display:inline-block;width:6.25px"> </div>respect<div style="display:inline-block;width:6.6px"> </div>of<div style="display:inline-block;width:6.2px"> </div>such<div style="display:inline-block;width:6.87px"> </div>matters<div style="display:inline-block;width:6.53px"> </div>cannot<div style="display:inline-block;width:6.4px"> </div>be<div style="display:inline-block;width:6.35px"> </div>determined<div style="display:inline-block;width:6.66px"> </div>with<div style="display:inline-block;width:6.96px"> </div>certainty<div style="display:inline-block;width:6.33px"> </div>based<div style="display:inline-block;width:6.6px"> </div>on<div style="display:inline-block;width:6.55px"> </div>currently<div style="display:inline-block;width:6.77px"> </div>available </div><div id="a159699" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:245.1px;">information and accordingly may<div style="display:inline-block;width:5.16px"> </div>ultimately prove to be<div style="display:inline-block;width:5.28px"> </div>substantially greater (or may<div style="display:inline-block;width:5.18px"> </div>be less) than the provision<div style="display:inline-block;width:5.33px"> </div>that we </div><div id="a159700" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:260.2px;">have recognized. </div><div id="a159702" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:282.9px;">6. Swiss retrocessions </div><div id="a159704" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:298.1px;">The Federal Supreme Court<div style="display:inline-block;width:5.1px"> </div>of Switzerland ruled in<div style="display:inline-block;width:5.13px"> </div>2012, in<div style="display:inline-block;width:5.09px"> </div>a test case against UBS, that distribution<div style="display:inline-block;width:5.31px"> </div>fees paid to a firm </div><div id="a159706" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:313.7px;">for distributing third-party and intra-group investment funds and structured products<div style="display:inline-block;width:5.12px"> </div>must be disclosed and surrendered </div><div id="a159711" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:328.8px;">to clients who have entered<div style="display:inline-block;width:5.73px"> </div>into a discretionary<div style="display:inline-block;width:5.38px"> </div>mandate agreement with<div style="display:inline-block;width:5.52px"> </div>the firm, absent<div style="display:inline-block;width:5.3px"> </div>a valid waiver.<div style="display:inline-block;width:5.69px"> </div>FINMA issued </div><div id="a159713" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:344.4px;">a supervisory note<div style="display:inline-block;width:5.55px"> </div>to all Swiss<div style="display:inline-block;width:5.35px"> </div>banks in response<div style="display:inline-block;width:5.81px"> </div>to the Supreme<div style="display:inline-block;width:5.37px"> </div>Court decision. UBS<div style="display:inline-block;width:5.42px"> </div>has met the<div style="display:inline-block;width:5.4px"> </div>FINMA requirements </div><div id="a159714" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:359.6px;">and has notified all potentially affected<div style="display:inline-block;width:5.35px"> </div>clients. </div><div id="a159716" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:382.3px;">The Supreme Court decision<div style="display:inline-block;width:5.13px"> </div>has resulted, and continues to result, in a number of<div style="display:inline-block;width:5.07px"> </div>client requests for UBS to disclose and </div><div id="a159718" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:397.4px;">potentially<div style="display:inline-block;width:6.41px"> </div>surrender<div style="display:inline-block;width:7.06px"> </div>retrocessions.<div style="display:inline-block;width:7.19px"> </div>Client<div style="display:inline-block;width:6.61px"> </div>requests<div style="display:inline-block;width:6.58px"> </div>are<div style="display:inline-block;width:6.71px"> </div>assessed<div style="display:inline-block;width:6.55px"> </div>on<div style="display:inline-block;width:6.55px"> </div>a<div style="display:inline-block;width:6.15px"> </div>case-by-case<div style="display:inline-block;width:6.77px"> </div>basis.<div style="display:inline-block;width:6.45px"> </div>Considerations<div style="display:inline-block;width:7.37px"> </div>taken<div style="display:inline-block;width:6.2px"> </div>into </div><div id="a159723" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:413px;">account when assessing<div style="display:inline-block;width:5.04px"> </div>these cases include, among other things, the<div style="display:inline-block;width:5.05px"> </div>existence of a discretionary mandate and whether </div><div id="a159726" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:428.2px;">or not the client documentation<div style="display:inline-block;width:5.11px"> </div>contained a valid waiver with respect<div style="display:inline-block;width:5.06px"> </div>to distribution fees. </div><div id="a159728" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:451.3px;">Our<div style="display:inline-block;width:5.15px"> </div>balance<div style="display:inline-block;width:5.3px"> </div>sheet<div style="display:inline-block;width:5.3px"> </div>at<div style="display:inline-block;width:5.52px"> </div>31 December<div style="display:inline-block;width:5.65px"> </div>2022<div style="display:inline-block;width:6.01px"> </div>reflected a<div style="display:inline-block;width:6.4px"> </div>provision<div style="display:inline-block;width:6.21px"> </div>with<div style="display:inline-block;width:5.25px"> </div>respect<div style="display:inline-block;width:5.18px"> </div>to<div style="display:inline-block;width:5.25px"> </div>matters<div style="display:inline-block;width:5.58px"> </div>described<div style="display:inline-block;width:5.87px"> </div>in<div style="display:inline-block;width:5.55px"> </div>this<div style="display:inline-block;width:5.2px"> </div>item<div style="display:inline-block;width:5.26px"> </div>6<div style="display:inline-block;width:5.4px"> </div>in<div style="display:inline-block;width:5.3px"> </div>an </div><div id="a159733" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:466.5px;">amount that UBS believes<div style="display:inline-block;width:2.12px"> </div>to be appropriate under the<div style="display:inline-block;width:1.66px"> </div>applicable accounting standard. The<div style="display:inline-block;width:2.12px"> </div>ultimate exposure will depend </div><div id="a159734" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:481.6px;">on client requests and the resolution thereof, factors<div style="display:inline-block;width:2.12px"> </div>that are difficult to predict<div style="display:inline-block;width:2.04px"> </div>and assess. Hence, as in the case of other </div><div id="a159737" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:497.2px;">matters for which<div style="display:inline-block;width:5.42px"> </div>we have established<div style="display:inline-block;width:5.86px"> </div>provisions, the<div style="display:inline-block;width:5.57px"> </div>future outflow of<div style="display:inline-block;width:5.47px"> </div>resources in respect<div style="display:inline-block;width:5.02px"> </div>of such<div style="display:inline-block;width:5.13px"> </div>matters cannot be </div><div id="a159738" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:512.4px;">determined<div style="display:inline-block;width:7.61px"> </div>with<div style="display:inline-block;width:8.09px"> </div>certainty<div style="display:inline-block;width:7.27px"> </div>based<div style="display:inline-block;width:8.02px"> </div>on<div style="display:inline-block;width:7.97px"> </div>currently<div style="display:inline-block;width:7.71px"> </div>available<div style="display:inline-block;width:7.73px"> </div>information<div style="display:inline-block;width:8.03px"> </div>and<div style="display:inline-block;width:7.97px"> </div>accordingly<div style="display:inline-block;width:8.12px"> </div>may<div style="display:inline-block;width:7.21px"> </div>ultimately<div style="display:inline-block;width:8.21px"> </div>prove<div style="display:inline-block;width:7.85px"> </div>to<div style="display:inline-block;width:7.62px"> </div>be </div><div id="a159739" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:527.5px;">substantially greater (or may be less) than<div style="display:inline-block;width:5.16px"> </div>the provision that we have recognized. </div><div id="a159742" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:550.7px;">7. Communications recordkeeping </div><div id="a159744" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:565.8px;">The SEC<div style="display:inline-block;width:5.19px"> </div>and CFTC<div style="display:inline-block;width:5.34px"> </div>conducted investigations<div style="display:inline-block;width:6.32px"> </div>of UBS<div style="display:inline-block;width:5.24px"> </div>and other<div style="display:inline-block;width:5.34px"> </div>financial institutions<div style="display:inline-block;width:6.6px"> </div>regarding<div style="display:inline-block;width:5.13px"> </div>compliance with<div style="display:inline-block;width:5.67px"> </div>records </div><div id="a159745" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:581px;">preservation<div style="display:inline-block;width:5.8px"> </div>requirements<div style="display:inline-block;width:5.62px"> </div>relating<div style="display:inline-block;width:5.8px"> </div>to<div style="display:inline-block;width:5.25px"> </div>business<div style="display:inline-block;width:6px"> </div>communications<div style="display:inline-block;width:5.66px"> </div>sent<div style="display:inline-block;width:5.3px"> </div>over<div style="display:inline-block;width:5.05px"> </div>unapproved<div style="display:inline-block;width:5.83px"> </div>electronic<div style="display:inline-block;width:5.4px"> </div>messaging<div style="display:inline-block;width:5.65px"> </div>channels. </div><div id="a159747" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:596.6px;">UBS<div style="display:inline-block;width:6.98px"> </div>cooperated<div style="display:inline-block;width:6.92px"> </div>with<div style="display:inline-block;width:6.67px"> </div>the<div style="display:inline-block;width:6.67px"> </div>investigations,<div style="display:inline-block;width:7.76px"> </div>and,<div style="display:inline-block;width:7.13px"> </div>in<div style="display:inline-block;width:6.72px"> </div>September<div style="display:inline-block;width:6.57px"> </div>2022,<div style="display:inline-block;width:7.53px"> </div>UBS<div style="display:inline-block;width:6.98px"> </div>agreed<div style="display:inline-block;width:7.11px"> </div>to<div style="display:inline-block;width:6.2px"> </div>pay<div style="display:inline-block;width:6.62px"> </div>civil<div style="display:inline-block;width:6.85px"> </div>monetary<div style="display:inline-block;width:6.84px"> </div>penalties<div style="display:inline-block;width:6.71px"> </div>of </div><div id="a159748" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:611.7px;">USD </div><div id="a159748_4_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:33.312px;top:611.7px;">125</div><div id="a159748_7_21" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:56.011px;top:611.7px;">m to the SEC and USD </div><div id="a159748_28_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:187.578px;top:611.7px;">75</div><div id="a159748_30_39" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:202.711px;top:611.7px;">m to the CFTC to resolve these matters.</div></div> <div id="TextBlockContainer1282" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:60px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1278_XBRL_TS_c4f5700aecd840a5b6a0f25df9cb1028" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1281" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:60px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1279_XBRL_TS_44b209601d504cfab0a85feca9ef9ed8" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1280" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:60px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a158415" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a158418" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a158420" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a158422" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:12.8px;">Provisions other than provisions for expected credit<div style="display:inline-block;width:3.96px"> </div>losses </div><div id="a158426_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:12.8px;">2,982</div><div id="a158429_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:12.8px;">3,256</div><div id="a158432" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:25.5px;">Provisions for expected credit losses</div><div id="a158433" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:132.857px;top:26.2px;">1 </div><div id="a158436_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:25.5px;">201</div><div id="a158439_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:25.5px;">196</div><div id="a158442" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:37.8px;">Total provisions </div><div id="a158445_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:37.8px;">3,183</div><div id="a158448_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:37.8px;">3,452</div><div id="a158451" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:51.4px;">1 Refer to Note 9 for more information<div style="display:inline-block;width:3.95px"> </div>about ECL provisions recognized<div style="display:inline-block;width:3.92px"> </div>for off-balance sheet financial<div style="display:inline-block;width:4.13px"> </div>instruments and credit lines.</div></div></div></div></div></div> 2982000000 3256000000 201000000 196000000 3183000000 3452000000 <div id="TextBlockContainer1291" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:146px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1289_XBRL_TS_49ab1124f08c4b4cb47e6bf79104d941" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1290" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:146px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a158462" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:23.2px;">USD m </div><div id="a158464" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.67px;top:0px;">Litigation, </div><div id="a158465" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.644px;top:11.4px;">regulatory and </div><div id="a158466" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:415.337px;top:23.2px;">similar matters</div><div id="a158467" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:468.337px;top:23.8px;">1</div><div id="a158469" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:493.897px;top:23.2px;">Restructuring </div><div id="a158471" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.097px;top:23.2px;">Other</div><div id="a158472" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:607.937px;top:23.8px;">3</div><div id="a158474" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:638.67px;top:23.2px;">Total 2022 </div><div id="a158476" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:35.5px;">Balance at the beginning of the<div style="display:inline-block;width:3.77px"> </div>year </div><div id="a158478_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:449.884px;top:35.5px;">2,798</div><div id="a158481_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:527.484px;top:35.5px;">137</div><div id="a158484_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:35.5px;">321</div><div id="a158487_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.67px;top:35.5px;">3,256</div><div id="a158490" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.7px;">Increase in provisions recognized in the income statement </div><div id="a158492_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.977px;top:48.7px;">406</div><div id="a158495_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:527.484px;top:48.7px;">174</div><div id="a158498_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.844px;top:48.7px;">49</div><div id="a158501_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:663.764px;top:48.7px;">629</div><div id="a158504" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:61.5px;">Release of provisions recognized in the income statement </div><div id="a158506_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.977px;top:61.5px;display:flex;">(57)</div><div id="a158509_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:527.484px;top:61.5px;display:flex;">(19)</div><div id="a158512_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:61.5px;display:flex;">(32)</div><div id="a158515_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:659.044px;top:61.5px;display:flex;">(109)</div><div id="a158518" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:74.8px;">Provisions used in conformity with designated purpose </div><div id="a158520_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:452.257px;top:74.8px;display:flex;">(470)</div><div id="a158523_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:522.75px;top:74.8px;display:flex;">(189)</div><div id="a158526_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:74.8px;display:flex;">(31)</div><div id="a158529_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:659.044px;top:74.8px;display:flex;">(689)</div><div id="a158532" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:87.5px;">Capitalized reinstatement costs </div><div id="a158534_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:466.91px;top:87.5px;">0</div><div id="a158537_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:537.404px;top:87.5px;">0</div><div id="a158540_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.564px;top:87.5px;">1</div><div id="a158543_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:673.697px;top:87.5px;">1</div><div id="a158546" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:100.8px;">Foreign currency translation / unwind<div style="display:inline-block;width:4.01px"> </div>of discount </div><div id="a158548_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.977px;top:100.8px;display:flex;">(90)</div><div id="a158551_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.204px;top:100.8px;display:flex;">(5)</div><div id="a158554_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.604px;top:100.8px;display:flex;">(11)</div><div id="a158557_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:659.044px;top:100.8px;display:flex;">(106)</div><div id="a158560" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.5px;">Balance at the end of the year<div style="display:inline-block;width:3.64px"> </div></div><div id="a158562_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:449.884px;top:113.5px;">2,586</div><div id="a158565_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.364px;top:113.5px;">98</div><div id="a158567" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:114.2px;">2 </div><div id="a158569_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:113.5px;">297</div><div id="a158572_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.67px;top:113.5px;">2,982</div><div id="a158575" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:127.6px;">1 Consists of provisions<div style="display:inline-block;width:3.75px"> </div>for losses resulting<div style="display:inline-block;width:3.45px"> </div>from legal, liability<div style="display:inline-block;width:4.25px"> </div>and compliance risks.<div style="display:inline-block;width:11.19px"> </div>2 Consists of personnel-related<div style="display:inline-block;width:4.37px"> </div>restructuring<div style="display:inline-block;width:3.47px"> </div>provisions of USD </div><div id="a158575_157_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:480.097px;top:127.6px;">70</div><div id="a158575_159_48" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:489.082px;top:127.6px;">m as of 31 December<div style="display:inline-block;width:3.97px"> </div>2022 (31 December<div style="display:inline-block;width:3.55px"> </div>2021: USD </div><div id="a158575_207_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:661.219px;top:127.6px;">90</div><div id="a158575_209_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:669.731px;top:127.6px;">m) </div><div id="a158583" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:137.6px;">and provisions for onerous contracts<div style="display:inline-block;width:3.91px"> </div>of USD </div><div id="a158583_44_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:142.687px;top:137.6px;">28</div><div id="a158583_46_48" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:151.672px;top:137.6px;">m as of 31 December 2022<div style="display:inline-block;width:3.55px"> </div>(31 December 2021: USD </div><div id="a158583_94_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:321.917px;top:137.6px;">47</div><div id="a158583_96_100" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:330.43px;top:137.6px;">m).<div style="display:inline-block;width:8.36px"> </div>3 Mainly includes<div style="display:inline-block;width:3.59px"> </div>provisions related to real<div style="display:inline-block;width:3.6px"> </div>estate, employee benefits and<div style="display:inline-block;width:3.8px"> </div>operational risks.</div></div></div></div> 2798000000 137000000 321000000 3256000000 406000000 174000000 49000000 629000000 57000000 19000000 32000000 109000000 470000000 189000000 31000000 689000000 0 0 -1000000 -1000000 -90000000 -5000000 -11000000 -106000000 2586000000 98000000 297000000 2982000000 70000000 90000000 28000000 47000000 <div id="TextBlockContainer1301" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:206px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a158816" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:2.8px;">Provisions for litigation, regulatory<div style="display:inline-block;width:4.83px"> </div>and similar matters by business division<div style="display:inline-block;width:4.17px"> </div>and in Group Functions</div><div id="a158817" style="position:absolute;font-family:'Frutiger';font-size:6.148px;font-weight:bold;font-style:normal;left:471.662px;top:3.5px;">1</div><div id="a158819" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:53.2px;">USD m </div><div id="a158821" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:353.848px;top:29.5px;">Global Wealth<div style="display:inline-block;width:2.91px"> </div></div><div id="a158823" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.768px;top:41.3px;">Manage- </div><div id="a158826" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.955px;top:53.2px;">ment </div><div id="a158828" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.395px;top:29.5px;">Personal &amp; </div><div id="a158829" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:425.768px;top:41.3px;">Corporate </div><div id="a158830" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:432.382px;top:53.2px;">Banking </div><div id="a158832" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:495.822px;top:29.5px;"><div style="display:inline-block;width:2.36px"> </div>Asset<div style="display:inline-block;width:2.72px"> </div></div><div id="a158835" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:484.915px;top:41.3px;">Manage- </div><div id="a158838" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:499.128px;top:53.2px;">ment </div><div id="a158840" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.755px;top:41.3px;">Investment<div style="display:inline-block;width:2.56px"> </div></div><div id="a158842" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.075px;top:53.2px;">Bank </div><div id="a158844" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:602.755px;top:41.3px;">Group </div><div id="a158845" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:590.902px;top:53.2px;">Functions </div><div id="a158847" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:638.702px;top:53.2px;">Total 2022 </div><div id="a158849" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:66.4px;">Balance at the beginning of the<div style="display:inline-block;width:3.77px"> </div>year </div><div id="a158852_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:383.648px;top:66.4px;">1,338</div><div id="a158855_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:447.555px;top:66.4px;">181</div><div id="a158858_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.848px;top:66.4px;">8</div><div id="a158861_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:556.848px;top:66.4px;">310</div><div id="a158864_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:610.795px;top:66.4px;">962</div><div id="a158867_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.702px;top:66.4px;">2,798</div><div id="a158870" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:82px;">Increase in provisions recognized in the income statement </div><div id="a158872_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:390.768px;top:82px;">268</div><div id="a158875_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:457.475px;top:82px;">2</div><div id="a158878_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.848px;top:82px;">1</div><div id="a158881_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:556.848px;top:82px;">129</div><div id="a158884_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:620.728px;top:82px;">6</div><div id="a158887_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:663.795px;top:82px;">406</div><div id="a158890" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:97.1px;">Release of provisions recognized in the income statement </div><div id="a158892_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:390.768px;top:97.1px;display:flex;">(23)</div><div id="a158895_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:447.555px;top:97.1px;display:flex;">(15)</div><div id="a158898_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.848px;top:97.1px;">0</div><div id="a158901_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:97.1px;display:flex;">(8)</div><div id="a158904_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:610.795px;top:97.1px;display:flex;">(12)</div><div id="a158907_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:664.262px;top:97.1px;display:flex;">(57)</div><div id="a158910" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:113.3px;">Provisions used in conformity with designated purpose </div><div id="a158913_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.008px;top:113.3px;display:flex;">(331)</div><div id="a158916_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:457.475px;top:113.3px;">0</div><div id="a158919_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.848px;top:113.3px;">0</div><div id="a158922_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:552.128px;top:113.3px;display:flex;">(115)</div><div id="a158925_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:610.795px;top:113.3px;display:flex;">(23)</div><div id="a158928_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:659.062px;top:113.3px;display:flex;">(470)</div><div id="a158931" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:129.3px;">Reclassifications </div><div id="a158933" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:398.342px;top:129.3px;"><div style="display:inline-block;width:2.36px"> </div>0 </div><div id="a158936" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.115px;top:129.3px;"><div style="display:inline-block;width:2.36px"> </div>0 </div><div id="a158939" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:510.475px;top:129.3px;"><div style="display:inline-block;width:2.37px"> </div>0 </div><div id="a158942" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.422px;top:129.3px;"><div style="display:inline-block;width:2.36px"> </div>4 </div><div id="a158945" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.155px;top:129.3px;"><div style="display:inline-block;width:2.37px"> </div>(4) </div><div id="a158948" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:671.355px;top:129.3px;"><div style="display:inline-block;width:2.37px"> </div>0 </div><div id="a158951" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:145.9px;">Foreign currency translation / unwind<div style="display:inline-block;width:4.01px"> </div>of discount </div><div id="a158953_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:390.768px;top:145.9px;display:flex;">(70)</div><div id="a158956_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:452.275px;top:145.9px;display:flex;">(9)</div><div id="a158959_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.848px;top:145.9px;">0</div><div id="a158962_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:556.848px;top:145.9px;display:flex;">(11)</div><div id="a158965_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:620.728px;top:145.9px;">0</div><div id="a158968_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:664.262px;top:145.9px;display:flex;">(90)</div><div id="a158971" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:162px;">Balance at the end of the year </div><div id="a158973_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.648px;top:162px;">1,182</div><div id="a158976_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:447.555px;top:162px;">159</div><div id="a158979_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:512.848px;top:162px;">8</div><div id="a158982_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:556.848px;top:162px;">308</div><div id="a158985_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.795px;top:162px;">928</div><div id="a158988_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.702px;top:162px;">2,586</div><div id="a158991" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:177.4px;">1 Provisions, if<div style="display:inline-block;width:3.93px"> </div>any, for<div style="display:inline-block;width:3.39px"> </div>the matters<div style="display:inline-block;width:3.47px"> </div>described in items<div style="display:inline-block;width:3.93px"> </div>3 and 4<div style="display:inline-block;width:3.51px"> </div>of this Note<div style="display:inline-block;width:3.46px"> </div>are recorded in<div style="display:inline-block;width:3.63px"> </div>Global Wealth<div style="display:inline-block;width:4.09px"> </div>Management, and<div style="display:inline-block;width:3.65px"> </div>provisions,<div style="display:inline-block;width:3.54px"> </div>if any, for<div style="display:inline-block;width:4.02px"> </div>the matters<div style="display:inline-block;width:3.47px"> </div>described in item 2<div style="display:inline-block;width:3.74px"> </div>are recorded in<div style="display:inline-block;width:4.11px"> </div>Group Functions. </div><div id="a158996" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:187.9px;">Provisions, if any,<div style="display:inline-block;width:3.53px"> </div>for the matters described<div style="display:inline-block;width:4.2px"> </div>in items 1 and 6<div style="display:inline-block;width:3.66px"> </div>of this Note are allocated<div style="display:inline-block;width:3.63px"> </div>between Global Wealth<div style="display:inline-block;width:3.79px"> </div>Management and Personal<div style="display:inline-block;width:4.12px"> </div>&amp; Corporate Banking,<div style="display:inline-block;width:3.94px"> </div>provisions, if any,<div style="display:inline-block;width:3.79px"> </div>for the matters described<div style="display:inline-block;width:4.11px"> </div>in item 5 </div><div id="a159005" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:197.8px;">are allocated between the Investment<div style="display:inline-block;width:3.64px"> </div>Bank and Group Functions,<div style="display:inline-block;width:4.11px"> </div>and provisions, if<div style="display:inline-block;width:3.45px"> </div>any, for the<div style="display:inline-block;width:3.43px"> </div>matters described in item 7 are<div style="display:inline-block;width:3.83px"> </div>allocated between Global<div style="display:inline-block;width:3.79px"> </div>Wealth Management and<div style="display:inline-block;width:3.49px"> </div>the Investment Bank.</div></div> 1338000000 181000000 8000000 310000000 962000000 2798000000 268000000 2000000 1000000 129000000 6000000 406000000 23000000 15000000 0 8000000 12000000 57000000 331000000 0 0 115000000 23000000 470000000 -70000000 -9000000 0 -11000000 0 -90000000 1182000000 159000000 8000000 308000000 928000000 2586000000 1100000000 3700000000 800000000 3750000 1000000000 800000000 99000000 1100000000 1200000000 2100000000 2000000000 125000000 3420000000 3370000000 15000000 3000000000 800000000 125000000 955000000 141000000 172000000 125000000 75000000 <div id="TextBlockContainer1314" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:362px;height:56px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a159786" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 18<div style="display:inline-block;width:8.21px"> </div>Other liabilities </div><div id="a159789" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:27.7px;"> </div><div id="a159790" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:4.905px;top:42.6px;">a) Other financial liabilities<div style="display:inline-block;width:5.32px"> </div>measured at amortized cost</div></div><div id="TextBlockContainer1318" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:107px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1316_XBRL_TS_aa1a4511bd0e4fdbb6748f438b32057d" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1317" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:107px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a159792" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a159794" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a159796" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a159798" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:15.6px;">Other accrued expenses </div><div id="a159800_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:15.6px;">1,564</div><div id="a159803_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:15.6px;">1,642</div><div id="a159806" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:32.2px;">Accrued interest expenses </div><div id="a159808_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:32.2px;">2,008</div><div id="a159811_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:32.2px;">1,134</div><div id="a159814" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.2px;">Settlement and clearing accounts </div><div id="a159816_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:48.2px;">1,060</div><div id="a159819_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:48.2px;">1,282</div><div id="a159822" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:64.8px;">Lease liabilities </div><div id="a159825_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:64.8px;">3,211</div><div id="a159828_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:64.8px;">3,438</div><div id="a159831" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:80.9px;">Other </div><div id="a159833_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:80.9px;">2,549</div><div id="a159836" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:654.31px;top:80.9px;">2,269</div><div id="a159838" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:96.5px;">Total other financial liabilities<div style="display:inline-block;width:4.02px"> </div>measured at amortized cost </div><div id="a159840_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:96.5px;">10,391</div><div id="a159843_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:96.5px;">9,765</div></div></div></div><div id="TextBlockContainer1320" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:337px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a159848" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">b) Other financial liabilities<div style="display:inline-block;width:5.07px"> </div>designated at fair value</div></div><div id="TextBlockContainer1323" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:91px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a159850" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a159852" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a159854" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a159856" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:15.6px;">Financial liabilities related to unit-linked investment<div style="display:inline-block;width:3.9px"> </div>contracts </div><div id="a159861_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:15.6px;">13,221</div><div id="a159864_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:15.6px;">21,466</div><div id="a159867" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:31.7px;">Securities financing transactions </div><div id="a159869_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:31.7px;">15,333</div><div id="a159872_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:31.7px;">6,377</div><div id="a159875" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.3px;">Over-the-counter debt instruments and other </div><div id="a159881_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:48.3px;">1,684</div><div id="a159884_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:48.3px;">2,231</div><div id="a159887" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:64.3px;">Funding from UBS Group AG<div style="display:inline-block;width:3.57px"> </div></div><div id="a159889_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:64.3px;">1,796</div><div id="a159892_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:64.3px;">2,340</div><div id="a159895" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:80.9px;">Total other financial liabilities designated<div style="display:inline-block;width:4.21px"> </div>at fair value </div><div id="a159898_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:80.9px;">32,033</div><div id="a159901_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:80.9px;">32,414</div></div><div id="TextBlockContainer1326" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:206px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a159906" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">c) Other non-financial liabilities</div></div><div id="TextBlockContainer1330" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:220px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1328_XBRL_TS_0239eaaa0dcc4bf6a37eac5ba285bf44" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1329" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:220px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a159910" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a159912" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a159914" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a159916" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:15.6px;">Compensation-related liabilities </div><div id="a159920_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:15.6px;">4,424</div><div id="a159923_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:15.6px;">4,795</div><div id="a159926" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:32.2px;">of which: financial advisor compensation plans </div><div id="a159928_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:588.51px;top:32.2px;">1,463</div><div id="a159931_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:32.2px;">1,512</div><div id="a159934" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:48.3px;">of which: other compensation plans </div><div id="a159936_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:588.51px;top:48.3px;">2,023</div><div id="a159939_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:48.3px;">2,140</div><div id="a159942" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:64.8px;">of which: net defined benefit liability </div><div id="a159945_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:595.604px;top:64.8px;">449</div><div id="a159948_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.764px;top:64.8px;">617</div><div id="a159951" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:80.9px;">of which: other compensation-related liabilities</div><div id="a159954" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:182.537px;top:81.5px;">1</div><div id="a159956_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:595.604px;top:80.9px;">490</div><div id="a159959_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.764px;top:80.9px;">526</div><div id="a159962" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:97.4px;">Current tax liabilities </div><div id="a159964_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:97.4px;">1,044</div><div id="a159967_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:97.4px;">1,365</div><div id="a159970" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.5px;">Deferred tax liabilities </div><div id="a159972_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:113.5px;">233</div><div id="a159975_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:113.5px;">297</div><div id="a159978" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:130.1px;">VAT,<div style="display:inline-block;width:4.56px"> </div>withholding tax and other tax payables </div><div id="a159980_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:130.1px;">472</div><div id="a159983_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:130.1px;">524</div><div id="a159986" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:146.2px;">Deferred income </div><div id="a159989_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:146.2px;">233</div><div id="a159992_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:146.2px;">225</div><div id="a159995" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:162.7px;">Liabilities of disposal group held for sale</div><div id="a159996" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:148.937px;top:163.4px;">2</div><div id="a159999_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:162.7px;">1,298</div><div id="a160002" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:179.3px;">Other </div><div id="a160004_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:600.844px;top:179.3px;">84</div><div id="a160007_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:179.3px;">68</div><div id="a160010" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:195.4px;">Total other non-financial<div style="display:inline-block;width:3.83px"> </div>liabilities<div style="display:inline-block;width:2.46px"> </div></div><div id="a160014_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:195.4px;">6,489</div><div id="a160017_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:195.4px;">8,572</div><div id="a160020" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:210.9px;">1 Includes liabilities for payroll<div style="display:inline-block;width:3.63px"> </div>taxes and untaken vacation.<div style="display:inline-block;width:10.27px"> </div>2 Refer to Note 29 for<div style="display:inline-block;width:3.51px"> </div>more information.</div></div></div></div> <div id="TextBlockContainer1317" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:107px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a159792" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a159794" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a159796" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a159798" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:15.6px;">Other accrued expenses </div><div id="a159800_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:15.6px;">1,564</div><div id="a159803_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:15.6px;">1,642</div><div id="a159806" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:32.2px;">Accrued interest expenses </div><div id="a159808_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:32.2px;">2,008</div><div id="a159811_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:32.2px;">1,134</div><div id="a159814" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.2px;">Settlement and clearing accounts </div><div id="a159816_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:48.2px;">1,060</div><div id="a159819_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:48.2px;">1,282</div><div id="a159822" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:64.8px;">Lease liabilities </div><div id="a159825_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:64.8px;">3,211</div><div id="a159828_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:64.8px;">3,438</div><div id="a159831" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:80.9px;">Other </div><div id="a159833_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:80.9px;">2,549</div><div id="a159836" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:654.31px;top:80.9px;">2,269</div><div id="a159838" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:96.5px;">Total other financial liabilities<div style="display:inline-block;width:4.02px"> </div>measured at amortized cost </div><div id="a159840_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:96.5px;">10,391</div><div id="a159843_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:96.5px;">9,765</div></div> 1564000000 1642000000 2008000000 1134000000 1060000000 1282000000 3211000000 3438000000 2549000000 2269000000 10391000000 9765000000 <div id="TextBlockContainer1324" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:91px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1322_XBRL_TS_099880aa9a4b44a886a938fd3591483e" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1323" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:91px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a159850" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a159852" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a159854" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a159856" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:15.6px;">Financial liabilities related to unit-linked investment<div style="display:inline-block;width:3.9px"> </div>contracts </div><div id="a159861_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:15.6px;">13,221</div><div id="a159864_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:15.6px;">21,466</div><div id="a159867" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:31.7px;">Securities financing transactions </div><div id="a159869_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:31.7px;">15,333</div><div id="a159872_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:31.7px;">6,377</div><div id="a159875" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.3px;">Over-the-counter debt instruments and other </div><div id="a159881_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:48.3px;">1,684</div><div id="a159884_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:48.3px;">2,231</div><div id="a159887" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:64.3px;">Funding from UBS Group AG<div style="display:inline-block;width:3.57px"> </div></div><div id="a159889_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:64.3px;">1,796</div><div id="a159892_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:64.3px;">2,340</div><div id="a159895" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:80.9px;">Total other financial liabilities designated<div style="display:inline-block;width:4.21px"> </div>at fair value </div><div id="a159898_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:80.9px;">32,033</div><div id="a159901_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:80.9px;">32,414</div></div></div></div> 13221000000 21466000000 15333000000 6377000000 1684000000 2231000000 1796000000 2340000000 32033000000 32414000000 <div id="TextBlockContainer1329" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:220px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a159910" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a159912" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a159914" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a159916" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:15.6px;">Compensation-related liabilities </div><div id="a159920_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:15.6px;">4,424</div><div id="a159923_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:15.6px;">4,795</div><div id="a159926" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:32.2px;">of which: financial advisor compensation plans </div><div id="a159928_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:588.51px;top:32.2px;">1,463</div><div id="a159931_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:32.2px;">1,512</div><div id="a159934" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:48.3px;">of which: other compensation plans </div><div id="a159936_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:588.51px;top:48.3px;">2,023</div><div id="a159939_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:48.3px;">2,140</div><div id="a159942" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:64.8px;">of which: net defined benefit liability </div><div id="a159945_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:595.604px;top:64.8px;">449</div><div id="a159948_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.764px;top:64.8px;">617</div><div id="a159951" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:80.9px;">of which: other compensation-related liabilities</div><div id="a159954" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:182.537px;top:81.5px;">1</div><div id="a159956_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:595.604px;top:80.9px;">490</div><div id="a159959_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.764px;top:80.9px;">526</div><div id="a159962" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:97.4px;">Current tax liabilities </div><div id="a159964_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:97.4px;">1,044</div><div id="a159967_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:97.4px;">1,365</div><div id="a159970" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:113.5px;">Deferred tax liabilities </div><div id="a159972_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:113.5px;">233</div><div id="a159975_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:113.5px;">297</div><div id="a159978" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:130.1px;">VAT,<div style="display:inline-block;width:4.56px"> </div>withholding tax and other tax payables </div><div id="a159980_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:130.1px;">472</div><div id="a159983_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:130.1px;">524</div><div id="a159986" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:146.2px;">Deferred income </div><div id="a159989_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:146.2px;">233</div><div id="a159992_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:146.2px;">225</div><div id="a159995" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:162.7px;">Liabilities of disposal group held for sale</div><div id="a159996" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:148.937px;top:163.4px;">2</div><div id="a159999_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:162.7px;">1,298</div><div id="a160002" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:179.3px;">Other </div><div id="a160004_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:600.844px;top:179.3px;">84</div><div id="a160007_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:179.3px;">68</div><div id="a160010" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:195.4px;">Total other non-financial<div style="display:inline-block;width:3.83px"> </div>liabilities<div style="display:inline-block;width:2.46px"> </div></div><div id="a160014_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:195.4px;">6,489</div><div id="a160017_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:195.4px;">8,572</div><div id="a160020" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:210.9px;">1 Includes liabilities for payroll<div style="display:inline-block;width:3.63px"> </div>taxes and untaken vacation.<div style="display:inline-block;width:10.27px"> </div>2 Refer to Note 29 for<div style="display:inline-block;width:3.51px"> </div>more information.</div></div> 4424000000 4795000000 1463000000 1512000000 2023000000 2140000000 449000000 617000000 490000000 526000000 1044000000 1365000000 233000000 297000000 472000000 524000000 233000000 225000000 1298000000 84000000 68000000 6489000000 8572000000 <div id="TextBlockContainer1332" style="position:relative;font-family:'Frutiger';font-size:21.281px;color:#973D37;line-height:normal;width:704px;height:382px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a160055" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:7.883px;top:0px;">Additional information </div><div id="a160057" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:bold;font-style:normal;color:#000000;left:7.883px;top:61.9px;">Note 19<div style="display:inline-block;width:8.21px"> </div>Expected credit loss measurement</div><div id="a160059" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:bold;font-style:normal;color:#006600;left:277.13px;top:61.9px;"> </div><div id="a160060" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:78.8px;"> </div><div id="a160061" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:bold;font-style:normal;color:#9A3D37;left:7.883px;top:98.8px;">a) Expected credit losses in the period </div><div id="a160063" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:126.1px;">Total<div style="display:inline-block;width:5.2px"> </div>net credit loss expenses<div style="display:inline-block;width:5.51px"> </div>were USD </div><div id="a160063_40_2" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:237.837px;top:126.1px;">29</div><div id="a160063_42_54" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:253.01px;top:126.1px;">m in 2022, reflecting<div style="display:inline-block;width:5.19px"> </div>net credit loss expenses<div style="display:inline-block;width:6.04px"> </div>of USD </div><div id="a160063_96_2" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:558.69px;top:126.1px;">29</div><div id="a160063_98_21" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:573.824px;top:126.1px;">m related to stage 1 </div><div id="a160084" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:141.7px;">and 2 positions and USD </div><div id="a160084_24_1" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:152.21px;top:141.7px;">0</div><div id="a160084_25_75" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:159.777px;top:141.7px;">m net credit loss expenses related to credit-impaired<div style="display:inline-block;width:6.19px"> </div>(stage 3) positions. </div><div id="a160096" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:164.4px;">Stage 1<div style="display:inline-block;width:6.06px"> </div>and<div style="display:inline-block;width:5.61px"> </div>2<div style="display:inline-block;width:5.44px"> </div>expected<div style="display:inline-block;width:5.52px"> </div>credit<div style="display:inline-block;width:5.5px"> </div>loss<div style="display:inline-block;width:5.87px"> </div>(ECL)<div style="display:inline-block;width:5.92px"> </div>expenses<div style="display:inline-block;width:5.5px"> </div>of<div style="display:inline-block;width:5.72px"> </div>USD </div><div id="a160096_57_2" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:352.383px;top:164.4px;">29</div><div id="a160096_59_14" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:367.516px;top:164.4px;">m<div style="display:inline-block;width:5.52px"> </div>include<div style="display:inline-block;width:5.43px"> </div>USD </div><div id="a160096_73_3" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:458.37px;top:164.4px;">123</div><div id="a160096_76_35" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:480.597px;top:164.4px;">m<div style="display:inline-block;width:5.52px"> </div>expenses<div style="display:inline-block;width:5.98px"> </div>related<div style="display:inline-block;width:5.71px"> </div>to<div style="display:inline-block;width:5.25px"> </div>scenario<div style="display:inline-block;width:5.67px"> </div>and </div><div id="a160109" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:179.5px;">parameter updates<div style="display:inline-block;width:5.46px"> </div>and USD </div><div id="a160109_26_2" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:173.97px;top:179.5px;">13</div><div id="a160109_28_71" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:188.63px;top:179.5px;">m related to<div style="display:inline-block;width:5.34px"> </div>other book quality and<div style="display:inline-block;width:5.99px"> </div>size changes, partly offset<div style="display:inline-block;width:5.43px"> </div>by USD </div><div id="a160109_99_2" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:594.637px;top:179.5px;">77</div><div id="a160109_101_13" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:609.77px;top:179.5px;">m post-model </div><div id="a160118" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:195.1px;">adjustment (PMA) releases and<div style="display:inline-block;width:5.21px"> </div>USD </div><div id="a160118_34_2" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:215.143px;top:195.1px;">30</div><div id="a160118_36_81" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:230.276px;top:195.1px;">m releases related to model changes. Lending to corporate clients not secured<div style="display:inline-block;width:5.21px"> </div>by </div><div id="a160130" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:210.3px;">mortgages contributed USD </div><div id="a160130_26_2" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:170.183px;top:210.3px;">21</div><div id="a160130_28_88" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:185.316px;top:210.3px;">m, mainly driven by scenario effects related to the<div style="display:inline-block;width:5.03px"> </div>downward revision of GDP and<div style="display:inline-block;width:5.09px"> </div>higher </div><div id="a160140" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:225.4px;">interest rate<div style="display:inline-block;width:5.87px"> </div>assumptions<div style="display:inline-block;width:5.84px"> </div>in the<div style="display:inline-block;width:5.95px"> </div>newly<div style="display:inline-block;width:5.2px"> </div>introduced </div><div id="a160145" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:italic;color:#000000;left:299.85px;top:225.2px;">stagflationary<div style="display:inline-block;width:5.54px"> </div>geopolitical<div style="display:inline-block;width:5.24px"> </div>crisis<div style="display:inline-block;width:5.21px"> </div>scenario</div><div id="a160146" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:530.29px;top:225.4px;"><div style="display:inline-block;width:4.73px"> </div>(SGC).<div style="display:inline-block;width:5.59px"> </div>Lending<div style="display:inline-block;width:5.23px"> </div>secured<div style="display:inline-block;width:5.07px"> </div>by </div><div id="a160150" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:241px;">mortgages</div><div id="a160151" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:68.447px;top:241px;"> </div><div id="a160152" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:76.486px;top:241px;">contributed<div style="display:inline-block;width:8.76px"> </div>USD</div><div id="a160153" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:175.383px;top:241px;"> </div><div id="a160154" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:179.17px;top:241px;">16</div><div id="a160154_2_13" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:194.303px;top:241px;">m<div style="display:inline-block;width:7.89px"> </div>in<div style="display:inline-block;width:8.14px"> </div>expenses</div><div id="a160155" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:282.797px;top:241px;">,<div style="display:inline-block;width:8.14px"> </div>mainly<div style="display:inline-block;width:8.15px"> </div>driven<div style="display:inline-block;width:8.46px"> </div>by<div style="display:inline-block;width:8.04px"> </div>scenario<div style="display:inline-block;width:8.51px"> </div>ef</div><div id="a160156" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:469.73px;top:241px;">fects<div style="display:inline-block;width:8.53px"> </div>related<div style="display:inline-block;width:8.07px"> </div>to<div style="display:inline-block;width:8.09px"> </div>higher<div style="display:inline-block;width:8.39px"> </div>interest<div style="display:inline-block;width:8.44px"> </div>rate </div><div id="a160157" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:256.2px;">assumptions,<div style="display:inline-block;width:4.46px"> </div>especially from the SGC, and adverse house price assumptions<div style="display:inline-block;width:5.33px"> </div>from both applied downside scenarios.<div style="display:inline-block;width:5.24px"> </div>This </div><div id="a160171" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:271.8px;">was partly offset by releases from other lending<div style="display:inline-block;width:5.68px"> </div>of USD </div><div id="a160171_56_1" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:325.397px;top:271.8px;">9</div><div id="a160171_57_3" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:332.963px;top:271.8px;">m. </div><div id="a160178" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:23.017px;top:283.5px;">›</div><div id="a160179" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:28.218px;top:283.7px;"> </div><div id="a160180" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:34.398px;top:288.3px;">Refer to Note 19b<div style="display:inline-block;width:1.57px"> </div>for more information<div style="display:inline-block;width:1.19px"> </div>regarding changes<div style="display:inline-block;width:1.52px"> </div>to ECL models,<div style="display:inline-block;width:1.33px"> </div>scenarios, scenario<div style="display:inline-block;width:1.48px"> </div>weights and the<div style="display:inline-block;width:1.25px"> </div>post-model </div><div id="a160192" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:34.398px;top:303px;">adjustment and to<div style="display:inline-block;width:1.25px"> </div>Note 19c<div style="display:inline-block;width:2.63px"> </div>for more information<div style="display:inline-block;width:1.12px"> </div>regarding the development<div style="display:inline-block;width:0.61px"> </div>of ECL allowances<div style="display:inline-block;width:0.83px"> </div>and provisions </div><div id="a160199" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:323.8px;">Stage 3 net expenses of USD </div><div id="a160199_28_1" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:173.49px;top:323.8px;">0</div><div id="a160199_29_83" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:181.057px;top:323.8px;">m were recognized across<div style="display:inline-block;width:2.34px"> </div>a number of<div style="display:inline-block;width:2.1px"> </div>defaulted positions, with net expenses of<div style="display:inline-block;width:1.98px"> </div>USD </div><div id="a160199_112_2" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:663.263px;top:323.8px;">12</div><div id="a160199_114_2" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:677.923px;top:323.8px;">m </div><div id="a160209" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:339px;">in Personal<div style="display:inline-block;width:6.07px"> </div>and Corporate<div style="display:inline-block;width:5.54px"> </div>Banking<div style="display:inline-block;width:5.43px"> </div>and USD </div><div id="a160209_42_1" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:268.143px;top:339px;">5</div><div id="a160209_43_57" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:275.71px;top:339px;">m in<div style="display:inline-block;width:5.25px"> </div>Global Wealth<div style="display:inline-block;width:5.85px"> </div>Management,<div style="display:inline-block;width:5.31px"> </div>offset by<div style="display:inline-block;width:5.34px"> </div>releases of<div style="display:inline-block;width:5.97px"> </div>USD </div><div id="a160209_100_2" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:625.41px;top:339px;">18</div><div id="a160209_102_9" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:640.543px;top:339px;">m in<div style="display:inline-block;width:5.25px"> </div>the </div><div id="a160219" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:354.1px;">Investment Bank, including a USD </div><div id="a160219_33_2" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:203.317px;top:354.1px;">28</div><div id="a160219_35_85" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:217.977px;top:354.1px;">m release for a single airline-related counterparty, mainly due to improved cashflow </div><div id="a160231" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:7.883px;top:369.7px;">assumptions, and USD </div><div id="a160231_21_2" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:139.45px;top:369.7px;">10</div><div id="a160231_23_54" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#000000;left:154.583px;top:369.7px;">m net expenses across a number of defaulted positions.</div></div><div id="TextBlockContainer1336" style="position:relative;font-family:'Frutiger';font-size:11.823px;color:#000000;line-height:normal;width:689px;height:244px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1334_XBRL_TS_5ce7bd4b7d864f14977794a701dd9da9" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1335" style="position:relative;font-family:'Frutiger';font-size:11.823px;color:#000000;line-height:normal;width:689px;height:244px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a160240" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.38px;top:0px;">Credit loss expense<div style="display:inline-block;width:4.7px"> </div>/ (release) </div><div id="a160248" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:4.38px;top:38.4px;">USD m </div><div id="a160250" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:305.816px;top:15.2px;">Global<div style="display:inline-block;width:2.45px"> </div></div><div id="a160252" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:303.442px;top:27px;">Wealth<div style="display:inline-block;width:2.81px"> </div></div><div id="a160254" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:280.709px;top:38.4px;">Management </div><div id="a160256" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:360.229px;top:15.2px;">Personal &amp;<div style="display:inline-block;width:3.22px"> </div></div><div id="a160258" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:362.589px;top:27px;">Corporate<div style="display:inline-block;width:2.93px"> </div></div><div id="a160260" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:369.216px;top:38.4px;">Banking </div><div id="a160262" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:450.136px;top:27px;">Asset </div><div id="a160264" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:421.736px;top:38.4px;">Management </div><div id="a160266" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:500.776px;top:27px;">Investment<div style="display:inline-block;width:2.53px"> </div></div><div id="a160268" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:522.056px;top:38.4px;">Bank </div><div id="a160270" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:587.816px;top:27px;">Group<div style="display:inline-block;width:2.66px"> </div></div><div id="a160272" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:576.002px;top:38.4px;">Functions </div><div id="a160274" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:662.602px;top:38.4px;">Total </div><div id="a160276" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:4.38px;top:51.6px;">For the year ended<div style="display:inline-block;width:3.9px"> </div>31.12.22 </div><div id="a160284" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:66.3px;">Stages 1 and 2 </div><div id="a160286" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:319.056px;top:66.3px;display:flex;">(5)</div><div id="a160288" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:386.242px;top:66.3px;">27</div><div id="a160290" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:462.442px;top:66.3px;">0</div><div id="a160292" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:532.456px;top:66.3px;">6</div><div id="a160294" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:602.509px;top:66.3px;">1</div><div id="a160296" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:667.802px;top:66.3px;">29</div><div id="a160298" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:80.9px;">Stage 3 </div><div id="a160300" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:320.949px;top:80.9px;">5</div><div id="a160302" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:386.242px;top:80.9px;">12</div><div id="a160304" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:462.442px;top:80.9px;">0</div><div id="a160306" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:525.842px;top:80.9px;display:flex;">(18)</div><div id="a160308" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:602.509px;top:80.9px;">2</div><div id="a160310" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:672.536px;top:80.9px;">0</div><div id="a160312" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:94.6px;">Total credit loss expense /<div style="display:inline-block;width:3.87px"> </div>(release) </div><div id="a160314" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:320.949px;top:94.6px;">0</div><div id="a160316" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:386.242px;top:94.6px;">39</div><div id="a160318" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:462.442px;top:94.6px;">0</div><div id="a160320" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:525.842px;top:94.6px;display:flex;">(12)</div><div id="a160322" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:602.509px;top:94.6px;">3</div><div id="a160324" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:667.802px;top:94.6px;">29</div><div id="a160333" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:121.6px;">For the year ended<div style="display:inline-block;width:3.9px"> </div>31.12.21 </div><div id="a160341" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:136.3px;">Stages 1 and 2 </div><div id="a160343" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:314.322px;top:136.3px;display:flex;">(28)</div><div id="a160345" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:384.349px;top:136.3px;display:flex;">(62)</div><div id="a160347" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:463.389px;top:136.3px;">0</div><div id="a160349" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:525.842px;top:136.3px;display:flex;">(34)</div><div id="a160351" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:603.936px;top:136.3px;">0</div><div id="a160353" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:661.189px;top:136.3px;display:flex;">(123)</div><div id="a160355" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:150.5px;">Stage 3 </div><div id="a160357" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:319.056px;top:150.5px;display:flex;">(1)</div><div id="a160359" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:384.349px;top:150.5px;display:flex;">(24)</div><div id="a160361" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:463.389px;top:150.5px;">1</div><div id="a160363" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:533.882px;top:150.5px;">0</div><div id="a160365" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:603.936px;top:150.5px;">0</div><div id="a160367" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:665.909px;top:150.5px;display:flex;">(25)</div><div id="a160369" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:164.7px;">Total credit loss expense /<div style="display:inline-block;width:3.87px"> </div>(release) </div><div id="a160371" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:314.322px;top:164.7px;display:flex;">(29)</div><div id="a160373" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:384.349px;top:164.7px;display:flex;">(86)</div><div id="a160375" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:462.442px;top:164.7px;">1</div><div id="a160377" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:525.842px;top:164.7px;display:flex;">(34)</div><div id="a160379" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:602.509px;top:164.7px;">0</div><div id="a160381" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:661.189px;top:164.7px;display:flex;">(148)</div><div id="a160390" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:191.2px;">For the year ended<div style="display:inline-block;width:3.9px"> </div>31.12.20 </div><div id="a160398" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:205.8px;">Stages 1 and 2 </div><div id="a160400" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:317.629px;top:205.8px;">48</div><div id="a160402" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:382.922px;top:205.8px;">129</div><div id="a160404" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:463.389px;top:205.8px;">0</div><div id="a160406" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:529.149px;top:205.8px;">88</div><div id="a160408" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:603.936px;top:205.8px;">0</div><div id="a160410" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:664.496px;top:205.8px;">266</div><div id="a160412" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:220.5px;">Stage 3 </div><div id="a160414" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:317.629px;top:220.5px;">40</div><div id="a160416" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:382.922px;top:220.5px;">128</div><div id="a160418" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:463.389px;top:220.5px;">2</div><div id="a160420" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:524.416px;top:220.5px;">217</div><div id="a160422" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:599.176px;top:220.5px;">42</div><div id="a160424" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:664.496px;top:220.5px;">429</div><div id="a160426" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:234.2px;">Total credit loss expense /<div style="display:inline-block;width:3.87px"> </div>(release) </div><div id="a160428" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:316.216px;top:234.2px;">88</div><div id="a160430" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:381.509px;top:234.2px;">257</div><div id="a160432" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:462.442px;top:234.2px;">2</div><div id="a160434" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:523.002px;top:234.2px;">305</div><div id="a160436" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:597.749px;top:234.2px;">42</div><div id="a160438" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:663.069px;top:234.2px;">695</div></div></div></div><div id="TextBlockContainer1338" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:966px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a160477" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">b) Changes to ECL models,<div style="display:inline-block;width:1.95px"> </div>scenarios, scenario<div style="display:inline-block;width:1.54px"> </div>weights and key inputs<div style="display:inline-block;width:1.66px"> </div></div><div id="a160479" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.8px;">Refer<div style="display:inline-block;width:5.57px"> </div>to<div style="display:inline-block;width:5.25px"> </div>Note 1a for<div style="display:inline-block;width:6.72px"> </div>information about<div style="display:inline-block;width:5.75px"> </div>the<div style="display:inline-block;width:5.35px"> </div>principles governing<div style="display:inline-block;width:5.13px"> </div>expected<div style="display:inline-block;width:5.05px"> </div>credit<div style="display:inline-block;width:5.5px"> </div>loss (ECL)<div style="display:inline-block;width:6.61px"> </div>models, scenarios,<div style="display:inline-block;width:5.75px"> </div>scenario </div><div id="a160483" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.9px;">weights and key inputs<div style="display:inline-block;width:2.16px"> </div>applied.<div style="display:inline-block;width:2.52px"> </div></div><div id="a160485" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:66.1px;">Governance </div><div id="a160487" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:81.2px;">Comprehensive cross-functional<div style="display:inline-block;width:0.93px"> </div>and cross-divisional<div style="display:inline-block;width:1.15px"> </div>governance processes<div style="display:inline-block;width:1.5px"> </div>are in<div style="display:inline-block;width:2.18px"> </div>place and<div style="display:inline-block;width:2.3px"> </div>are used to<div style="display:inline-block;width:1.74px"> </div>discuss and<div style="display:inline-block;width:2.17px"> </div>approve </div><div id="a160492" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:96.3px;">scenario updates and<div style="display:inline-block;width:5.9px"> </div>weights, to<div style="display:inline-block;width:5.29px"> </div>assess whether significant increases<div style="display:inline-block;width:5.35px"> </div>in credit<div style="display:inline-block;width:5.23px"> </div>risk resulted in<div style="display:inline-block;width:6.05px"> </div>stage transfers, to<div style="display:inline-block;width:5.35px"> </div>review </div><div id="a160494" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:111.5px;">model outputs and to reach<div style="display:inline-block;width:2.13px"> </div>conclusions regarding<div style="display:inline-block;width:1.48px"> </div>post-model adjustments.<div style="display:inline-block;width:1.85px"> </div></div><div id="a160498" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:134.7px;">Model changes </div><div id="a160500" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:149.8px;">During 2022, the model review and enhancement process led to adjustments<div style="display:inline-block;width:2.25px"> </div>of the probability of default (PD), loss given </div><div id="a160502" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:164.9px;">default (LGD), and<div style="display:inline-block;width:2.18px"> </div>credit conversion factor<div style="display:inline-block;width:1.19px"> </div>(CCF) models, resulting<div style="display:inline-block;width:2.15px"> </div>in a USD </div><div id="a160502_77_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:428.405px;top:164.9px;">30</div><div id="a160502_79_44" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:443.065px;top:164.9px;">m decrease in<div style="display:inline-block;width:2.18px"> </div>ECL allowances.<div style="display:inline-block;width:2.2px"> </div>This includes </div><div id="a160506" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:180.6px;">a<div style="display:inline-block;width:5.2px"> </div>decrease of<div style="display:inline-block;width:5.96px"> </div>USD </div><div id="a160506_18_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:114.685px;top:180.6px;">19</div><div id="a160506_20_95" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:129.818px;top:180.6px;">m<div style="display:inline-block;width:5.05px"> </div>in Global<div style="display:inline-block;width:5.97px"> </div>Wealth Management<div style="display:inline-block;width:5.16px"> </div>affecting loans<div style="display:inline-block;width:5.53px"> </div>to<div style="display:inline-block;width:5.25px"> </div>financial advisors and<div style="display:inline-block;width:5.79px"> </div>specialized US<div style="display:inline-block;width:5.67px"> </div>lending </div><div id="a160512" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:195.7px;">portfolios and<div style="display:inline-block;width:5.46px"> </div>an USD </div><div id="a160512_22_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:135.525px;top:195.7px;">11</div><div id="a160512_24_65" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:150.178px;top:195.7px;">m decrease<div style="display:inline-block;width:5.76px"> </div>in Personal<div style="display:inline-block;width:5.16px"> </div>&amp; Corporate<div style="display:inline-block;width:5.29px"> </div>Banking<div style="display:inline-block;width:5.09px"> </div>related to<div style="display:inline-block;width:5.41px"> </div>lending to </div><div id="a160525" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:534.405px;top:195.5px;">large corporate clients</div><div id="a160526" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:659.818px;top:195.7px;"><div style="display:inline-block;width:5.2px"> </div>and </div><div id="a160528" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:210.6px;">financial intermediaries<div style="display:inline-block;width:1.73px"> </div>&amp; hedge funds</div><div id="a160529" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:218.792px;top:210.9px;">.<div style="display:inline-block;width:3.41px"> </div></div><div id="a160531" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:234px;">Scenario and key input<div style="display:inline-block;width:1.75px"> </div>updates </div><div id="a160533" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:249.2px;">During 2022, the scenarios<div style="display:inline-block;width:5.23px"> </div>and related macroeconomic factors were updated<div style="display:inline-block;width:5.05px"> </div>from those applied<div style="display:inline-block;width:5.14px"> </div>at the end of<div style="display:inline-block;width:5.39px"> </div>2021 by </div><div id="a160535" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:264.3px;">considering the<div style="display:inline-block;width:1.63px"> </div>prevailing economic<div style="display:inline-block;width:1.17px"> </div>and<div style="display:inline-block;width:2.3px"> </div>political conditions<div style="display:inline-block;width:1.18px"> </div>and<div style="display:inline-block;width:2.3px"> </div>uncertainty. The review<div style="display:inline-block;width:1.73px"> </div>focused<div style="display:inline-block;width:2.19px"> </div>on events<div style="display:inline-block;width:2.3px"> </div>that<div style="display:inline-block;width:2.26px"> </div>significantly </div><div id="a160538" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:279.9px;">changed the<div style="display:inline-block;width:2.18px"> </div>economic<div style="display:inline-block;width:2.31px"> </div>outlook during<div style="display:inline-block;width:1.68px"> </div>the<div style="display:inline-block;width:3.01px"> </div>year: the<div style="display:inline-block;width:1.83px"> </div>Russia–Ukraine<div style="display:inline-block;width:1.97px"> </div>war, with the subsequent<div style="display:inline-block;width:1.26px"> </div>effect on<div style="display:inline-block;width:1.98px"> </div>energy markets,<div style="display:inline-block;width:1.42px"> </div>the </div><div id="a160550" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:295.1px;">inflation outlook and economic growth in Europe, and rising global interest rates due to central banks’ adoption of more </div><div id="a160551" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:310.2px;">restrictive monetary<div style="display:inline-block;width:2.22px"> </div>policies. </div><div id="a160553" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:333.1px;">Baseline scenario</div><div id="a160554" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:99.072px;top:333.4px;">: the<div style="display:inline-block;width:2.15px"> </div>projections<div style="display:inline-block;width:2.27px"> </div>of the<div style="display:inline-block;width:2.09px"> </div>baseline scenario,<div style="display:inline-block;width:0.92px"> </div>which are<div style="display:inline-block;width:2.28px"> </div>aligned to<div style="display:inline-block;width:1.97px"> </div>the economic<div style="display:inline-block;width:1.52px"> </div>and market<div style="display:inline-block;width:2.24px"> </div>assumptions<div style="display:inline-block;width:1.96px"> </div>used </div><div id="a160556" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:348.5px;">for UBS AG’s business planning purposes, are broadly<div style="display:inline-block;width:2.1px"> </div>in line with external data, such as that from Bloomberg Consensus, </div><div id="a160562" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:363.7px;">Oxford Economics and the International<div style="display:inline-block;width:2.11px"> </div>Monetary Fund World Economic<div style="display:inline-block;width:2.21px"> </div>Outlook. The expectation for<div style="display:inline-block;width:1.97px"> </div>2023 is that global </div><div id="a160563" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:379.3px;">growth stalls<div style="display:inline-block;width:1.43px"> </div>under the<div style="display:inline-block;width:2.03px"> </div>weight of<div style="display:inline-block;width:2.3px"> </div>monetary<div style="display:inline-block;width:2.11px"> </div>policy tightening,<div style="display:inline-block;width:0.97px"> </div>and continued<div style="display:inline-block;width:1.06px"> </div>pressure on<div style="display:inline-block;width:2.13px"> </div>real purchasing<div style="display:inline-block;width:0.93px"> </div>power due<div style="display:inline-block;width:2.28px"> </div>to high </div><div id="a160564" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:394.4px;">inflation – further fueled in Europe by the energy crisis and a lack of labor supply – even though unemployment rates are </div><div id="a160571" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:410px;">forecast to be higher than in 2022 and an energy crisis in<div style="display:inline-block;width:2.11px"> </div>Europe seems likely to be averted. Interest rates<div style="display:inline-block;width:1.81px"> </div>are expected to </div><div id="a160574" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:425.2px;">remain high,<div style="display:inline-block;width:3.17px"> </div>given the persistence<div style="display:inline-block;width:1.66px"> </div>of inflationary trends,<div style="display:inline-block;width:1.8px"> </div>leading to a less<div style="display:inline-block;width:2.17px"> </div>optimistic outlook for<div style="display:inline-block;width:2.03px"> </div>global house prices,<div style="display:inline-block;width:2.1px"> </div>which </div><div id="a160578" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:440.3px;">is cushioned in Switzerland<div style="display:inline-block;width:1.44px"> </div>by continued strong<div style="display:inline-block;width:1.82px"> </div>demand.<div style="display:inline-block;width:3.05px"> </div></div><div id="a160581" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:463.2px;">Global crisis<div style="display:inline-block;width:2.09px"> </div>scenario: </div><div id="a160582" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:126.512px;top:463.5px;">The first<div style="display:inline-block;width:2.16px"> </div>hypothetical<div style="display:inline-block;width:2.25px"> </div>downside scenario,<div style="display:inline-block;width:1.53px"> </div>the global crisis<div style="display:inline-block;width:1.31px"> </div>scenario, is<div style="display:inline-block;width:2.04px"> </div>aligned with<div style="display:inline-block;width:1.97px"> </div>the UBS AG’s<div style="display:inline-block;width:1.92px"> </div>2022 </div><div id="a160590" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:478.6px;">binding stress scenario and was<div style="display:inline-block;width:5.16px"> </div>updated in 2022<div style="display:inline-block;width:5.24px"> </div>to reflect expected risks, resulting in<div style="display:inline-block;width:5.17px"> </div>minimal changes. It assumes that, </div><div id="a160597" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:493.8px;">while the<div style="display:inline-block;width:2.14px"> </div>global economy<div style="display:inline-block;width:1.5px"> </div>has returned to<div style="display:inline-block;width:1.13px"> </div>pre-pandemic levels<div style="display:inline-block;width:1.61px"> </div>and the immediate<div style="display:inline-block;width:1.14px"> </div>risks<div style="display:inline-block;width:2.2px"> </div>from COVID-19<div style="display:inline-block;width:1.99px"> </div>have decreased,<div style="display:inline-block;width:1.96px"> </div>the </div><div id="a160602" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:509.4px;">associated disruptions<div style="display:inline-block;width:5.47px"> </div>and<div style="display:inline-block;width:5.13px"> </div>the<div style="display:inline-block;width:5.25px"> </div>consequences of<div style="display:inline-block;width:6.06px"> </div>the unprecedented<div style="display:inline-block;width:5.83px"> </div>monetary and<div style="display:inline-block;width:5.93px"> </div>fiscal stimulus<div style="display:inline-block;width:5.72px"> </div>measures will<div style="display:inline-block;width:6.19px"> </div>remain </div><div id="a160605" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:524.5px;">critical. Concerns regarding<div style="display:inline-block;width:2.27px"> </div>the sustainability<div style="display:inline-block;width:2.3px"> </div>of public debt, following the marked deterioration<div style="display:inline-block;width:1.6px"> </div>of fiscal positions, lead to </div><div id="a160607" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:539.7px;">a loss<div style="display:inline-block;width:5.5px"> </div>of confidence and<div style="display:inline-block;width:5.54px"> </div>market turbulence, while protectionism results in<div style="display:inline-block;width:5.49px"> </div>a decrease<div style="display:inline-block;width:4.78px"> </div>in global<div style="display:inline-block;width:5.33px"> </div>trade. Governments and </div><div id="a160613" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:555.3px;">central banks have limited scope<div style="display:inline-block;width:5.02px"> </div>to support the economies,<div style="display:inline-block;width:4.29px"> </div>and interest rate levels remain moderate. As a<div style="display:inline-block;width:5.57px"> </div>consequence, </div><div id="a160616" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:570.4px;">China<div style="display:inline-block;width:5.18px"> </div>suffers a<div style="display:inline-block;width:5.86px"> </div>hard landing<div style="display:inline-block;width:5.45px"> </div>which,<div style="display:inline-block;width:5.17px"> </div>combined with<div style="display:inline-block;width:5.23px"> </div>political, solvency and<div style="display:inline-block;width:6.24px"> </div>liquidity concerns,<div style="display:inline-block;width:5.1px"> </div>affects emerging<div style="display:inline-block;width:5.13px"> </div>markets </div><div id="a160620" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:586px;">significantly. A<div style="display:inline-block;width:6.84px"> </div>spillover<div style="display:inline-block;width:5.03px"> </div>effect<div style="display:inline-block;width:5.25px"> </div>leads<div style="display:inline-block;width:5.38px"> </div>to<div style="display:inline-block;width:5.72px"> </div>a<div style="display:inline-block;width:5.67px"> </div>contraction of<div style="display:inline-block;width:7.09px"> </div>the<div style="display:inline-block;width:5.34px"> </div>Eurozone,<div style="display:inline-block;width:5.05px"> </div>Swiss<div style="display:inline-block;width:5.3px"> </div>and<div style="display:inline-block;width:5.61px"> </div>US<div style="display:inline-block;width:5.83px"> </div>economies,<div style="display:inline-block;width:5.03px"> </div>as<div style="display:inline-block;width:5.25px"> </div>global<div style="display:inline-block;width:5.13px"> </div>demand<div style="display:inline-block;width:5.66px"> </div>is </div><div id="a160628" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:601.2px;">significantly affected.<div style="display:inline-block;width:1.41px"> </div>Given the<div style="display:inline-block;width:2.31px"> </div>severity of the<div style="display:inline-block;width:1.9px"> </div>macroeconomic<div style="display:inline-block;width:2.24px"> </div>impact, unemployment<div style="display:inline-block;width:0.99px"> </div>rates rise to<div style="display:inline-block;width:2.15px"> </div>historical highs<div style="display:inline-block;width:1.71px"> </div>and real </div><div id="a160629" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:616.8px;">estate sectors contract<div style="display:inline-block;width:1.65px"> </div>sharply. </div><div id="a160632" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:639.2px;">Stagflationary<div style="display:inline-block;width:5.96px"> </div>geopolitical<div style="display:inline-block;width:5.71px"> </div>crisis<div style="display:inline-block;width:6.15px"> </div>scenario: </div><div id="a160633" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:248.605px;top:639.5px;">The<div style="display:inline-block;width:6.35px"> </div>second<div style="display:inline-block;width:6.13px"> </div>downside<div style="display:inline-block;width:6.53px"> </div>scenario<div style="display:inline-block;width:6.14px"> </div>was<div style="display:inline-block;width:6.77px"> </div>changed<div style="display:inline-block;width:5.81px"> </div>during<div style="display:inline-block;width:6.23px"> </div>2022.<div style="display:inline-block;width:6.78px"> </div>In<div style="display:inline-block;width:6.74px"> </div>light<div style="display:inline-block;width:6.19px"> </div>of<div style="display:inline-block;width:7.14px"> </div>the </div><div id="a160637" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:654.6px;">developments caused by Russia’s invasion of Ukraine, the </div><div id="a160639" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:332.352px;top:654.4px;">mild global interest rate steepening scenario</div><div id="a160647" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:581.258px;top:654.6px;"><div style="display:inline-block;width:3.77px"> </div>was replaced by a </div><div id="a160651" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:669.5px;">severe global<div style="display:inline-block;width:5.46px"> </div>interest rate<div style="display:inline-block;width:5.2px"> </div>steepening scenario</div><div id="a160661" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:268.005px;top:669.8px;"><div style="display:inline-block;width:5.2px"> </div>in the<div style="display:inline-block;width:5.93px"> </div>first quarter of<div style="display:inline-block;width:5.9px"> </div>2022, as<div style="display:inline-block;width:5.83px"> </div>the beginning of<div style="display:inline-block;width:6.12px"> </div>the Russia–Ukraine war </div><div id="a160670" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:685.4px;">increased fears of<div style="display:inline-block;width:2.12px"> </div>higher inflation and a corresponding<div style="display:inline-block;width:0.83px"> </div>reaction by monetary<div style="display:inline-block;width:2.35px"> </div>authorities. In<div style="display:inline-block;width:2.18px"> </div>the second quarter of the<div style="display:inline-block;width:2.29px"> </div>year, </div><div id="a160675" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:700.5px;">the progression<div style="display:inline-block;width:2.34px"> </div>of the war<div style="display:inline-block;width:2.15px"> </div>and the enforcement<div style="display:inline-block;width:1.16px"> </div>of sanctions<div style="display:inline-block;width:2.44px"> </div>regimes led<div style="display:inline-block;width:2.17px"> </div>to a redesign<div style="display:inline-block;width:1.37px"> </div>of the scenario.<div style="display:inline-block;width:1.82px"> </div>The resulting </div><div id="a160682" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:651.272px;top:700.3px;">severe </div><div id="a160683" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:715.9px;">Russia–Ukraine conflict scenario</div><div id="a160686" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:182.338px;top:716.1px;"><div style="display:inline-block;width:4.29px"> </div>has similar dynamics as the severe global interest rate<div style="display:inline-block;width:1.77px"> </div>steepening scenario, but addressed </div><div id="a160688" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:731.3px;">specifically the prospect of<div style="display:inline-block;width:6.02px"> </div>rising energy costs,<div style="display:inline-block;width:5.6px"> </div>especially in Europe, with<div style="display:inline-block;width:6.25px"> </div>the consequences<div style="display:inline-block;width:4.22px"> </div>of lower<div style="display:inline-block;width:5.4px"> </div>growth and higher </div><div id="a160695" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:746.4px;">inflation rates.<div style="display:inline-block;width:5.14px"> </div>In the<div style="display:inline-block;width:5.45px"> </div>fourth quarter of<div style="display:inline-block;width:5.67px"> </div>2022, UBS<div style="display:inline-block;width:5.66px"> </div>developed a new </div><div id="a160699" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:398.138px;top:746.1px;">stagflationary geopolitical<div style="display:inline-block;width:3.38px"> </div>crisis scenario</div><div id="a160707" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:622.898px;top:746.4px;"><div style="display:inline-block;width:5.2px"> </div>(SGC)<div style="display:inline-block;width:4.55px"> </div>and </div><div id="a160711" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:762px;">included this new<div style="display:inline-block;width:4.28px"> </div>scenario in the ECL calculation for year-end 2022 in lieu of the </div><div id="a160719" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:465.805px;top:761.8px;">severe Russia–Ukraine conflict scenario</div><div id="a160725" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:682.045px;top:762px;">. </div><div id="a160726" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:777.1px;">While<div style="display:inline-block;width:4.08px"> </div>the SGC scenario addresses similar risks as the </div><div id="a160733" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:305.392px;top:776.9px;">severe Russia–Ukraine conflict<div style="display:inline-block;width:2.31px"> </div>scenario</div><div id="a160739" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:522.112px;top:777.1px;">, it also covers additional and </div><div id="a160740" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:792.7px;">broader risks and<div style="display:inline-block;width:1.97px"> </div>therefore assumes<div style="display:inline-block;width:1.99px"> </div>more severe<div style="display:inline-block;width:2.06px"> </div>shocks. Geopolitical<div style="display:inline-block;width:1.66px"> </div>tensions cause<div style="display:inline-block;width:2.02px"> </div>an escalation<div style="display:inline-block;width:2.09px"> </div>of security concerns<div style="display:inline-block;width:1.44px"> </div>and </div><div id="a160742" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:807.9px;">undermine globalization. The<div style="display:inline-block;width:5.04px"> </div>ensuing economic regionalization leads<div style="display:inline-block;width:5.27px"> </div>to a<div style="display:inline-block;width:5.35px"> </div>surge in<div style="display:inline-block;width:5.23px"> </div>global commodity prices<div style="display:inline-block;width:5.52px"> </div>and further </div><div id="a160749" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:823.5px;">disruptions of<div style="display:inline-block;width:1.69px"> </div>supply chains<div style="display:inline-block;width:1.61px"> </div>and raises<div style="display:inline-block;width:1.83px"> </div>the specter<div style="display:inline-block;width:1.79px"> </div>of prolonged<div style="display:inline-block;width:1.82px"> </div>stagflation.<div style="display:inline-block;width:1.98px"> </div>The severe<div style="display:inline-block;width:1.66px"> </div>interest<div style="display:inline-block;width:2.29px"> </div>rate and<div style="display:inline-block;width:2.09px"> </div>adverse<div style="display:inline-block;width:2.26px"> </div>house price </div><div id="a160755" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:838.7px;">assumptions in<div style="display:inline-block;width:2.17px"> </div>the SGC scenario<div style="display:inline-block;width:1.25px"> </div>had a substantive<div style="display:inline-block;width:1.65px"> </div>impact on model-based<div style="display:inline-block;width:1.35px"> </div>ECL allowances<div style="display:inline-block;width:1.62px"> </div>for loans<div style="display:inline-block;width:2.24px"> </div>secured by<div style="display:inline-block;width:2.33px"> </div>mortgages </div><div id="a160758" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:853.8px;">in Switzerland and<div style="display:inline-block;width:1.92px"> </div>the US. These<div style="display:inline-block;width:1.83px"> </div>effects were<div style="display:inline-block;width:1.81px"> </div>partly offset<div style="display:inline-block;width:2.09px"> </div>by PMA releases<div style="display:inline-block;width:1.91px"> </div>related to loans<div style="display:inline-block;width:1.58px"> </div>secured by mortgages.<div style="display:inline-block;width:1.32px"> </div>Refer to </div><div id="a160763" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:869.4px;">the section below<div style="display:inline-block;width:2.07px"> </div>on “Scenario weights<div style="display:inline-block;width:2.01px"> </div>and post-model adjustments”<div style="display:inline-block;width:1.42px"> </div>for more details. </div><div id="a160767" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:891.9px;">Asset price<div style="display:inline-block;width:6.09px"> </div>inflation scenario: </div><div id="a160768" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:177.138px;top:892.1px;">The upside<div style="display:inline-block;width:5.59px"> </div>scenario is<div style="display:inline-block;width:5.72px"> </div>based on<div style="display:inline-block;width:5.69px"> </div>positive developments,<div style="display:inline-block;width:5.26px"> </div>such as<div style="display:inline-block;width:6.08px"> </div>an easing<div style="display:inline-block;width:5.38px"> </div>of<div style="display:inline-block;width:5.25px"> </div>geopolitical </div><div id="a160770" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:907.3px;">tensions across the<div style="display:inline-block;width:5.62px"> </div>globe and<div style="display:inline-block;width:5.74px"> </div>a rebound<div style="display:inline-block;width:5.46px"> </div>in Chinese economic<div style="display:inline-block;width:5.48px"> </div>growth. A<div style="display:inline-block;width:5.26px"> </div>combination of<div style="display:inline-block;width:5.18px"> </div>lower energy and<div style="display:inline-block;width:5.91px"> </div>commodity </div><div id="a160771" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:922.9px;">prices,<div style="display:inline-block;width:5.57px"> </div>effective monetary<div style="display:inline-block;width:5.74px"> </div>policies<div style="display:inline-block;width:5.14px"> </div>and<div style="display:inline-block;width:5.13px"> </div>easing<div style="display:inline-block;width:5.08px"> </div>supply<div style="display:inline-block;width:5.08px"> </div>chain<div style="display:inline-block;width:5.3px"> </div>disruptions helps<div style="display:inline-block;width:6.25px"> </div>reduce<div style="display:inline-block;width:4.82px"> </div>inflation.<div style="display:inline-block;width:5.29px"> </div>Improved<div style="display:inline-block;width:5.03px"> </div>consumer and </div><div id="a160776" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:938px;">business sentiment lead to an economic rebound with central banks able to normalize interest rates; asset prices increase </div><div id="a160777" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:953.2px;">significantly.</div></div><div id="TextBlockContainer1340" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:396px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a160814" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">The table below details the key assumptions<div style="display:inline-block;width:5.4px"> </div>for the four scenarios applied<div style="display:inline-block;width:5.15px"> </div>as of 31 December 2022. </div><div id="a160824" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:23.2px;">Scenario weights and post<div style="display:inline-block;width:1.36px"> </div>-model adjustments </div><div id="a160831" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:38.3px;">Due<div style="display:inline-block;width:5.08px"> </div>to the<div style="display:inline-block;width:5.88px"> </div>less positive<div style="display:inline-block;width:5.19px"> </div>outlook<div style="display:inline-block;width:5.28px"> </div>compared<div style="display:inline-block;width:5.07px"> </div>with the<div style="display:inline-block;width:5.88px"> </div>assessment on<div style="display:inline-block;width:5.8px"> </div>31 December<div style="display:inline-block;width:5.34px"> </div>2021, the<div style="display:inline-block;width:5.8px"> </div>scenario weights<div style="display:inline-block;width:6.2px"> </div>changed </div><div id="a160837" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:53.5px;">during 2022. The upside scenario was allocated<div style="display:inline-block;width:1.95px"> </div>a </div><div id="a160837_49_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:285.403px;top:53.5px;">0</div><div id="a160837_50_32" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:292.969px;top:53.5px;">% probability, and the previous </div><div id="a160837_82_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:472.673px;top:53.5px;">5</div><div id="a160837_83_26" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:479.767px;top:53.5px;">% weight was added to the </div><div id="a160839" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:639.925px;top:53.2px;">baseline </div><div id="a160840" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:68.8px;">scenario</div><div id="a160841" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:51.281px;top:69.1px;">, now<div style="display:inline-block;width:6.39px"> </div>set at </div><div id="a160841_13_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.474px;top:69.1px;">60</div><div id="a160841_15_91" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:141.607px;top:69.1px;">%. Following<div style="display:inline-block;width:6.28px"> </div>the introduction<div style="display:inline-block;width:5.94px"> </div>of the<div style="display:inline-block;width:6.07px"> </div>SGC, which<div style="display:inline-block;width:6.17px"> </div>was deemed<div style="display:inline-block;width:5.71px"> </div>to have<div style="display:inline-block;width:5.83px"> </div>a higher<div style="display:inline-block;width:6.13px"> </div>probability of </div><div id="a160847" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:84.2px;">occurring than<div style="display:inline-block;width:5.14px"> </div>the </div><div id="a160849" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:115.152px;top:84px;">global crisis<div style="display:inline-block;width:5.27px"> </div>scenario</div><div id="a160853" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:232.032px;top:84.2px;">, the weights<div style="display:inline-block;width:5.92px"> </div>were rebalanced.<div style="display:inline-block;width:6.02px"> </div>The SGC<div style="display:inline-block;width:5.14px"> </div>has a<div style="display:inline-block;width:5.08px"> </div>weight of </div><div id="a160853_55_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:562.74px;top:84.2px;">25</div><div id="a160853_57_17" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:577.873px;top:84.2px;">% (compared<div style="display:inline-block;width:5.27px"> </div>with </div><div id="a160859" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.3px;">10</div><div id="a160859_2_10" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:99.3px;">% for the </div><div id="a160860" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:80.633px;top:99.1px;">mild global<div style="display:inline-block;width:5.1px"> </div>interest rate steepening<div style="display:inline-block;width:6.37px"> </div>scenario</div><div id="a160868" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:334.232px;top:99.3px;"><div style="display:inline-block;width:4.27px"> </div>used as<div style="display:inline-block;width:5.34px"> </div>of 31 December<div style="display:inline-block;width:5.3px"> </div>2021) and<div style="display:inline-block;width:5.68px"> </div>the weight<div style="display:inline-block;width:5.13px"> </div>of the </div><div id="a160872" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:651.272px;top:99.1px;">global </div><div id="a160874" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:114.7px;">crisis scenario</div><div id="a160876" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:81.106px;top:115px;"><div style="display:inline-block;width:3.31px"> </div>was reduced to </div><div id="a160876_16_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:174.27px;top:115px;">15</div><div id="a160876_18_8" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:189.403px;top:115px;">% (from </div><div id="a160876_26_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:240.004px;top:115px;">30</div><div id="a160876_28_74" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:255.137px;top:115px;">% as of 31 December<div style="display:inline-block;width:2.31px"> </div>2021). The weights are also shown in the<div style="display:inline-block;width:2.04px"> </div>table below. </div><div id="a160882" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:137.7px;">The<div style="display:inline-block;width:5.88px"> </div>scenarios<div style="display:inline-block;width:5.72px"> </div>and<div style="display:inline-block;width:6.08px"> </div>weight<div style="display:inline-block;width:5.45px"> </div>allocation<div style="display:inline-block;width:5.61px"> </div>were<div style="display:inline-block;width:5.87px"> </div>established<div style="display:inline-block;width:6.02px"> </div>in<div style="display:inline-block;width:5.3px"> </div>line<div style="display:inline-block;width:5.67px"> </div>with<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.25px"> </div>general<div style="display:inline-block;width:5.82px"> </div>market<div style="display:inline-block;width:5.69px"> </div>sentiment<div style="display:inline-block;width:5.56px"> </div>that<div style="display:inline-block;width:5.57px"> </div>the<div style="display:inline-block;width:5.72px"> </div>short-term </div><div id="a160885" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:152.8px;">outlook<div style="display:inline-block;width:5.28px"> </div>is subdued<div style="display:inline-block;width:5.84px"> </div>and a<div style="display:inline-block;width:5.71px"> </div>recession in<div style="display:inline-block;width:6.16px"> </div>major markets<div style="display:inline-block;width:5.35px"> </div>is a<div style="display:inline-block;width:5.73px"> </div>strong<div style="display:inline-block;width:5.32px"> </div>probability. The<div style="display:inline-block;width:5.64px"> </div>downside<div style="display:inline-block;width:5.24px"> </div>risks in<div style="display:inline-block;width:5.72px"> </div>relation to<div style="display:inline-block;width:5.96px"> </div>inflation </div><div id="a160889" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:168.4px;">and monetary policy,<div style="display:inline-block;width:5.72px"> </div>as well as<div style="display:inline-block;width:5.4px"> </div>the availability and<div style="display:inline-block;width:5.46px"> </div>price of energy,<div style="display:inline-block;width:5.62px"> </div>mainly in Europe,<div style="display:inline-block;width:6.23px"> </div>are better reflected<div style="display:inline-block;width:5.42px"> </div>in our<div style="display:inline-block;width:5.18px"> </div>models </div><div id="a160893" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:183.6px;">compared with the uncertain developments<div style="display:inline-block;width:5.35px"> </div>caused by COVID-19 in recent<div style="display:inline-block;width:5.03px"> </div>years.<div style="display:inline-block;width:4.08px"> </div></div><div id="a160900" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:206.3px;">However, unquantifiable risks continue<div style="display:inline-block;width:5.45px"> </div>to be relevant, as the pandemic<div style="display:inline-block;width:5.68px"> </div>has not been overcome and<div style="display:inline-block;width:5.44px"> </div>the world may face </div><div id="a160902" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:221.4px;">new disruptions.<div style="display:inline-block;width:5.37px"> </div>Furthermore, the geopolitical<div style="display:inline-block;width:5.48px"> </div>situation worsened<div style="display:inline-block;width:5.58px"> </div>during 2022,<div style="display:inline-block;width:5.35px"> </div>and the impact on<div style="display:inline-block;width:5.49px"> </div>the world<div style="display:inline-block;width:5.13px"> </div>economy </div><div id="a160903" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:237px;">from escalations with unforeseeable<div style="display:inline-block;width:5.22px"> </div>consequences could be severe. In the near term, this<div style="display:inline-block;width:5.03px"> </div>uncertainty relates primarily to </div><div id="a160907" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:252.1px;">the development<div style="display:inline-block;width:6.02px"> </div>of the<div style="display:inline-block;width:5.5px"> </div>Russia–Ukraine<div style="display:inline-block;width:5.29px"> </div>war. Models,<div style="display:inline-block;width:5.66px"> </div>which are<div style="display:inline-block;width:5.59px"> </div>based on<div style="display:inline-block;width:5.69px"> </div>supportable statistical<div style="display:inline-block;width:5.08px"> </div>information<div style="display:inline-block;width:5.19px"> </div>from past </div><div id="a160915" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:267.8px;">experiences regarding interdependencies of<div style="display:inline-block;width:1.81px"> </div>macroeconomic factors and their<div style="display:inline-block;width:1.65px"> </div>implications for credit<div style="display:inline-block;width:2.03px"> </div>risk portfolios, cannot </div><div id="a160917" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:282.9px;">comprehensively reflect<div style="display:inline-block;width:6.17px"> </div>such extraordinary<div style="display:inline-block;width:6.23px"> </div>events, such<div style="display:inline-block;width:6.03px"> </div>as a<div style="display:inline-block;width:5.83px"> </div>pandemic or<div style="display:inline-block;width:5.5px"> </div>a fundamental<div style="display:inline-block;width:6.02px"> </div>change<div style="display:inline-block;width:5.13px"> </div>in the<div style="display:inline-block;width:5.93px"> </div>world political </div><div id="a160918" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:298.1px;">order. Rather than<div style="display:inline-block;width:5.05px"> </div>creating multiple additional scenarios<div style="display:inline-block;width:5.24px"> </div>to attempt gauging these<div style="display:inline-block;width:5.49px"> </div>risks and applying<div style="display:inline-block;width:5.11px"> </div>model parameters </div><div id="a160920" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:313.7px;">that lack supportable information and<div style="display:inline-block;width:5.3px"> </div>cannot be robustly validated, management<div style="display:inline-block;width:5.03px"> </div>continued to<div style="display:inline-block;width:5.28px"> </div>also apply PMAs.<div style="display:inline-block;width:4.18px"> </div></div><div id="a160926" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:336.4px;">These PMA took into account that more of the downside risks were modeled in 2022, particularly for lending<div style="display:inline-block;width:5.11px"> </div>secured by </div><div id="a160930" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:351.5px;">mortgages.<div style="display:inline-block;width:7.39px"> </div>The<div style="display:inline-block;width:7.3px"> </div>PMA<div style="display:inline-block;width:7.3px"> </div>amounted<div style="display:inline-block;width:7.6px"> </div>to<div style="display:inline-block;width:7.14px"> </div>USD </div><div id="a160930_35_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:251.925px;top:351.5px;">131</div><div id="a160930_38_48" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:274.152px;top:351.5px;">m<div style="display:inline-block;width:6.94px"> </div>as<div style="display:inline-block;width:7.14px"> </div>of<div style="display:inline-block;width:7.14px"> </div>31 December<div style="display:inline-block;width:7.07px"> </div>2022<div style="display:inline-block;width:7.93px"> </div>(31 December<div style="display:inline-block;width:6.61px"> </div>2021:<div style="display:inline-block;width:8.01px"> </div>USD </div><div id="a160930_86_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:605.872px;top:351.5px;">224</div><div id="a160930_89_10" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:628.098px;top:351.5px;">m).<div style="display:inline-block;width:7.15px"> </div>These </div><div id="a160943" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:367.1px;">remaining PMA<div style="display:inline-block;width:5.37px"> </div>for uncertainties<div style="display:inline-block;width:5.46px"> </div>on potentially<div style="display:inline-block;width:5.5px"> </div>unmodeled risk<div style="display:inline-block;width:5.85px"> </div>almost entirely<div style="display:inline-block;width:5.34px"> </div>relate<div style="display:inline-block;width:5.03px"> </div>to corporate<div style="display:inline-block;width:5.61px"> </div>lending portfolios<div style="display:inline-block;width:5.69px"> </div>in </div><div id="a160946" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:382.3px;">Personal &amp; Corporate Banking<div style="display:inline-block;width:5.51px"> </div>and the Investment Bank.</div></div><div id="TextBlockContainer1344" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:688px;height:107px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1342_XBRL_TS_6bacf8985fec47b4afb4699389beabd3" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1343" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:688px;height:107px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a160951" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Economic scenarios and weights applied </div><div id="a160965" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.155px;top:13.4px;">Assigned weights in % </div><div id="a160967" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:3.679px;top:27.1px;">ECL scenario </div><div id="a160974" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:446.608px;top:27.1px;">31.12.22 </div><div id="a160979" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:646.742px;top:27.1px;">31.12.21 </div><div id="a160981" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:40.4px;">Asset price inflation </div><div id="a160989_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.355px;top:40.4px;">0.0</div><div id="a160995_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:40.4px;">5.0</div><div id="a160998" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:54.6px;">Baseline </div><div id="a161005_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.155px;top:54.6px;">60.0</div><div id="a161011_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.315px;top:54.6px;">55.0</div><div id="a161014" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:68.8px;">Mild global interest rate steepening<div style="display:inline-block;width:3.63px"> </div></div><div id="a161021_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.355px;top:68.8px;">0.0</div><div id="a161027_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.315px;top:68.8px;">10.0</div><div id="a161030" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:83px;">Stagflationary geopolitical crisis </div><div id="a161037_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.155px;top:83px;">25.0</div><div id="a161043_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:83px;">0.0</div><div id="a161046" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:97.2px;">Global crisis<div style="display:inline-block;width:2.98px"> </div></div><div id="a161053_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.155px;top:97.2px;">15.0</div><div id="a161059_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.315px;top:97.2px;">30.0</div></div></div></div><div id="TextBlockContainer1348" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:375px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1346_XBRL_TS_4abc88e460fc4d279397785129c01da9" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1347" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:375px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a161063" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Scenario assumptions </div><div id="a161066" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:359.528px;top:0.2px;">One year<div style="display:inline-block;width:2.86px"> </div></div><div id="a161069" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:536.008px;top:0.2px;">Three years cumulative<div style="display:inline-block;width:3.69px"> </div></div><div id="a161071" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:3.679px;top:36.1px;">31.12.22 </div><div id="a161074" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:281.435px;top:24.3px;">Asset price </div><div id="a161075" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:291.395px;top:36.1px;">inflation </div><div id="a161077" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:338.248px;top:36.1px;">Baseline </div><div id="a161079" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:374.662px;top:12.5px;">Stagflationary </div><div id="a161080" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.168px;top:24.3px;">geopolitical </div><div id="a161081" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:407.795px;top:36.1px;">crisis<div style="display:inline-block;width:2.39px"> </div></div><div id="a161083" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:24.3px;">Global </div><div id="a161084" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:455.115px;top:36.1px;">crisis<div style="display:inline-block;width:2.39px"> </div></div><div id="a161087" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:483.488px;top:24.3px;">Asset price </div><div id="a161088" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:493.422px;top:36.1px;">inflation </div><div id="a161090" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:540.275px;top:36.1px;">Baseline </div><div id="a161092" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.715px;top:12.5px;">Stagflationary </div><div id="a161093" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:585.222px;top:24.3px;">geopolitical </div><div id="a161094" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:609.848px;top:36.1px;">crisis<div style="display:inline-block;width:2.39px"> </div></div><div id="a161096" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:650.995px;top:24.3px;">Global </div><div id="a161097" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:657.168px;top:36.1px;">crisis<div style="display:inline-block;width:2.39px"> </div></div><div id="a161099" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:48.4px;">Real GDP growth (% change) </div><div id="a161111" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:61.7px;">United States </div><div id="a161114_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:61.7px;">4.0</div><div id="a161117_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:351.488px;top:61.7px;display:flex;">(0.3)</div><div id="a161120_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.262px;top:61.7px;display:flex;">(4.8)</div><div id="a161123_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.595px;top:61.7px;display:flex;">(6.4)</div><div id="a161127_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.422px;top:61.7px;">9.1</div><div id="a161130_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:558.742px;top:61.7px;">3.2</div><div id="a161133_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:610.328px;top:61.7px;display:flex;">(4.4)</div><div id="a161136_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.648px;top:61.7px;display:flex;">(1.8)</div><div id="a161139" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:75.4px;">Eurozone </div><div id="a161142_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:75.4px;">3.0</div><div id="a161145_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:75.4px;">0.6</div><div id="a161148_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.262px;top:75.4px;display:flex;">(5.6)</div><div id="a161151_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.595px;top:75.4px;display:flex;">(8.5)</div><div id="a161155_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.422px;top:75.4px;">6.2</div><div id="a161158_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:558.742px;top:75.4px;">2.5</div><div id="a161161_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:610.328px;top:75.4px;display:flex;">(5.7)</div><div id="a161164_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.648px;top:75.4px;display:flex;">(8.3)</div><div id="a161167" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:88.6px;">Switzerland </div><div id="a161170_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:88.6px;">3.0</div><div id="a161173_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:88.6px;">0.7</div><div id="a161176_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.262px;top:88.6px;display:flex;">(4.8)</div><div id="a161179_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.595px;top:88.6px;display:flex;">(6.7)</div><div id="a161183_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.422px;top:88.6px;">6.6</div><div id="a161186_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:558.742px;top:88.6px;">3.5</div><div id="a161189_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:610.328px;top:88.6px;display:flex;">(4.9)</div><div id="a161192_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.648px;top:88.6px;display:flex;">(3.7)</div><div id="a161195" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:101.4px;">Consumer price index (% change) </div><div id="a161198" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.195px;top:101.4px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a161208" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:114.7px;">United States </div><div id="a161211_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:114.7px;">2.5</div><div id="a161214_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:114.7px;">2.6</div><div id="a161217_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.262px;top:114.7px;">10.0</div><div id="a161220_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.595px;top:114.7px;display:flex;">(0.5)</div><div id="a161224_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.422px;top:114.7px;">8.1</div><div id="a161227_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:558.742px;top:114.7px;">6.5</div><div id="a161230_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:610.328px;top:114.7px;">15.8</div><div id="a161233_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.848px;top:114.7px;">1.2</div><div id="a161236" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:127.9px;">Eurozone </div><div id="a161239_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:127.9px;">2.3</div><div id="a161242_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:127.9px;">5.0</div><div id="a161245_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.475px;top:127.9px;">9.6</div><div id="a161248_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.595px;top:127.9px;display:flex;">(0.7)</div><div id="a161252_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.422px;top:127.9px;">7.4</div><div id="a161255_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:558.742px;top:127.9px;">9.6</div><div id="a161258_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:610.328px;top:127.9px;">14.8</div><div id="a161261_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.648px;top:127.9px;display:flex;">(0.7)</div><div id="a161264" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:141.1px;">Switzerland </div><div id="a161267_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:141.1px;">2.1</div><div id="a161270_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:141.1px;">1.6</div><div id="a161273_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.475px;top:141.1px;">5.8</div><div id="a161276_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.595px;top:141.1px;display:flex;">(1.8)</div><div id="a161280_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.422px;top:141.1px;">6.2</div><div id="a161283_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:558.742px;top:141.1px;">3.9</div><div id="a161286_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:610.328px;top:141.1px;">10.7</div><div id="a161289_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.648px;top:141.1px;display:flex;">(1.6)</div><div id="a161292" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:153.9px;">Unemployment rate (end-of<div style="display:inline-block;width:1.44px"> </div>-period level, %) </div><div id="a161308" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:167.2px;">United States </div><div id="a161311_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:167.2px;">3.0</div><div id="a161314_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:167.2px;">3.9</div><div id="a161317_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.475px;top:167.2px;">9.2</div><div id="a161320_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.595px;top:167.2px;">10.0</div><div id="a161324_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.422px;top:167.2px;">3.0</div><div id="a161327_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:558.742px;top:167.2px;">5.3</div><div id="a161330_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:610.328px;top:167.2px;">11.8</div><div id="a161333_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.848px;top:167.2px;">9.4</div><div id="a161336" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:180.4px;">Eurozone </div><div id="a161339_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:180.4px;">6.0</div><div id="a161342_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:180.4px;">7.0</div><div id="a161345_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.262px;top:180.4px;">10.9</div><div id="a161348_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.595px;top:180.4px;">11.9</div><div id="a161352_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.422px;top:180.4px;">6.0</div><div id="a161355_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:558.742px;top:180.4px;">7.1</div><div id="a161358_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:610.328px;top:180.4px;">12.2</div><div id="a161361_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.648px;top:180.4px;">13.0</div><div id="a161364" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:194.1px;">Switzerland </div><div id="a161367_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:194.1px;">1.7</div><div id="a161370_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:194.1px;">2.3</div><div id="a161373_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.475px;top:194.1px;">4.3</div><div id="a161376_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.795px;top:194.1px;">4.4</div><div id="a161380_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.422px;top:194.1px;">1.5</div><div id="a161383_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:558.742px;top:194.1px;">2.6</div><div id="a161386_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.528px;top:194.1px;">5.1</div><div id="a161389_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.848px;top:194.1px;">4.9</div><div id="a161392" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:206.4px;">Fixed income: 10-year government<div style="display:inline-block;width:3.84px"> </div>bonds (change in yields, basis points) </div><div id="a161407" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:219.7px;">USD </div><div id="a161410_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:304.168px;top:219.7px;">25.0</div><div id="a161413_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:351.488px;top:219.7px;display:flex;">(5.6)</div><div id="a161416_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.542px;top:219.7px;">235.0</div><div id="a161419_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:445.662px;top:219.7px;display:flex;">(326.0)</div><div id="a161423_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.222px;top:219.7px;">70.0</div><div id="a161426_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:548.342px;top:219.7px;display:flex;">(13.2)</div><div id="a161429_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.595px;top:219.7px;">205.0</div><div id="a161432_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.688px;top:219.7px;display:flex;">(291.1)</div><div id="a161435" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:233.4px;">EUR </div><div id="a161438_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:304.168px;top:233.4px;">20.0</div><div id="a161441_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:351.488px;top:233.4px;">47.8</div><div id="a161444_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.542px;top:233.4px;">250.0</div><div id="a161447_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:445.662px;top:233.4px;display:flex;">(270.6)</div><div id="a161451_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.222px;top:233.4px;">57.5</div><div id="a161454_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.542px;top:233.4px;">44.7</div><div id="a161457_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.595px;top:233.4px;">220.0</div><div id="a161460_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.688px;top:233.4px;display:flex;">(246.5)</div><div id="a161463" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:246.6px;">CHF </div><div id="a161466_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:304.168px;top:246.6px;">25.0</div><div id="a161469_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:351.488px;top:246.6px;">45.7</div><div id="a161472_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.542px;top:246.6px;">220.0</div><div id="a161475_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:445.662px;top:246.6px;display:flex;">(209.7)</div><div id="a161479_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.222px;top:246.6px;">62.5</div><div id="a161482_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.542px;top:246.6px;">57.0</div><div id="a161485_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.595px;top:246.6px;">205.0</div><div id="a161488_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.688px;top:246.6px;display:flex;">(159.6)</div><div id="a161491" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:259.4px;">Equity indices (% change) </div><div id="a161503" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:272.7px;">S&amp;P 500 </div><div id="a161506_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:304.168px;top:272.7px;">20.0</div><div id="a161509_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:272.7px;">7.4</div><div id="a161512_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.062px;top:272.7px;display:flex;">(51.5)</div><div id="a161515_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:450.382px;top:272.7px;display:flex;">(50.0)</div><div id="a161519_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.222px;top:272.7px;">51.7</div><div id="a161522_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.542px;top:272.7px;">22.8</div><div id="a161525_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.128px;top:272.7px;display:flex;">(45.6)</div><div id="a161528_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.448px;top:272.7px;display:flex;">(27.9)</div><div id="a161531" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:285.9px;">EuroStoxx 50 </div><div id="a161534_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:304.168px;top:285.9px;">17.0</div><div id="a161537_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:351.488px;top:285.9px;">17.2</div><div id="a161540_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.062px;top:285.9px;display:flex;">(51.6)</div><div id="a161543_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:450.382px;top:285.9px;display:flex;">(50.0)</div><div id="a161547_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.222px;top:285.9px;">42.9</div><div id="a161550_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.542px;top:285.9px;">29.2</div><div id="a161553_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.128px;top:285.9px;display:flex;">(47.2)</div><div id="a161556_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.448px;top:285.9px;display:flex;">(39.3)</div><div id="a161559" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:299.2px;">SPI </div><div id="a161562_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:304.168px;top:299.2px;">14.0</div><div id="a161565_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:299.2px;">5.6</div><div id="a161568_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.062px;top:299.2px;display:flex;">(51.6)</div><div id="a161571_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:450.382px;top:299.2px;display:flex;">(46.0)</div><div id="a161575_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.222px;top:299.2px;">37.9</div><div id="a161578_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.542px;top:299.2px;">19.3</div><div id="a161581_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.128px;top:299.2px;display:flex;">(47.2)</div><div id="a161584_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.448px;top:299.2px;display:flex;">(32.9)</div><div id="a161587" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:311.9px;">Swiss real estate (% change) </div><div id="a161600" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:325.2px;">Single-Family Homes<div style="display:inline-block;width:3.32px"> </div></div><div id="a161605_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:325.2px;">6.6</div><div id="a161608_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:325.2px;">1.1</div><div id="a161611_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.062px;top:325.2px;display:flex;">(16.7)</div><div id="a161614_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:450.382px;top:325.2px;display:flex;">(19.9)</div><div id="a161618_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.222px;top:325.2px;">14.0</div><div id="a161621_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:558.742px;top:325.2px;">2.3</div><div id="a161624_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.128px;top:325.2px;display:flex;">(32.9)</div><div id="a161627_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.448px;top:325.2px;display:flex;">(23.9)</div><div id="a161630" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:337.9px;">Other real estate (% change) </div><div id="a161642" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:351.2px;">United States (S&amp;P / Case–Shiller) </div><div id="a161647_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:351.2px;">7.8</div><div id="a161650_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:351.488px;top:351.2px;display:flex;">(4.5)</div><div id="a161653_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.062px;top:351.2px;display:flex;">(12.8)</div><div id="a161656_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:450.382px;top:351.2px;display:flex;">(19.3)</div><div id="a161660_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.222px;top:351.2px;">19.1</div><div id="a161663_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.542px;top:351.2px;display:flex;">(0.6)</div><div id="a161666_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.128px;top:351.2px;display:flex;">(35.8)</div><div id="a161669_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.448px;top:351.2px;display:flex;">(32.7)</div><div id="a161672" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:364.5px;">Eurozone (House Price Index) </div><div id="a161675_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:364.5px;">7.0</div><div id="a161678_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:351.488px;top:364.5px;display:flex;">(2.7)</div><div id="a161681_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.262px;top:364.5px;display:flex;">(8.4)</div><div id="a161684_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.595px;top:364.5px;display:flex;">(8.9)</div><div id="a161688_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.222px;top:364.5px;">15.4</div><div id="a161691_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:558.742px;top:364.5px;">2.0</div><div id="a161694_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.128px;top:364.5px;display:flex;">(14.7)</div><div id="a161697_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.448px;top:364.5px;display:flex;">(17.5)</div></div></div></div><div id="TextBlockContainer1352" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:700px;height:375px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1350_XBRL_TS_278988804e274310ab8c432b270b36ac" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1351" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:700px;height:375px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a161735" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0.5px;">Scenario assumptions </div><div id="a161738" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.355px;top:0.2px;">One year<div style="display:inline-block;width:2.85px"> </div></div><div id="a161741" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.702px;top:0.2px;">Three years cumulative<div style="display:inline-block;width:3.65px"> </div></div><div id="a161743" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:36.1px;">31.12.21 </div><div id="a161746" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:292.342px;top:24.8px;">Asset price </div><div id="a161747" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:302.275px;top:36.1px;">inflation </div><div id="a161749" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:353.382px;top:36.1px;">Baseline </div><div id="a161751" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:393.608px;top:12.9px;">Mild global </div><div id="a161752" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:390.768px;top:24.8px;">interest rate </div><div id="a161753" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:395.022px;top:36.1px;">steepening<div style="display:inline-block;width:2.74px"> </div></div><div id="a161755" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:441.875px;top:36.1px;">Global crisis<div style="display:inline-block;width:2.95px"> </div></div><div id="a161758" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:496.768px;top:24.8px;">Asset price </div><div id="a161759" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.688px;top:36.1px;">inflation </div><div id="a161761" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:557.328px;top:36.1px;">Baseline </div><div id="a161763" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:12.9px;">Mild global </div><div id="a161764" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:594.688px;top:24.8px;">interest rate </div><div id="a161765" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.942px;top:36.1px;">steepening<div style="display:inline-block;width:2.76px"> </div></div><div id="a161767" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.795px;top:36.1px;">Global crisis<div style="display:inline-block;width:2.98px"> </div></div><div id="a161769" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:48.9px;">Real GDP growth (% change) </div><div id="a161781" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:62.1px;">United States </div><div id="a161784_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:62.1px;">9.1</div><div id="a161787_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:62.1px;">4.4</div><div id="a161790_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:417.728px;top:62.1px;display:flex;">(0.1)</div><div id="a161793_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.835px;top:62.1px;display:flex;">(5.9)</div><div id="a161797_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:62.1px;">17.8</div><div id="a161800_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.568px;top:62.1px;">10.1</div><div id="a161803_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:626.875px;top:62.1px;">1.8</div><div id="a161806_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.782px;top:62.1px;display:flex;">(3.8)</div><div id="a161809" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:75.4px;">Eurozone </div><div id="a161812_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:75.4px;">9.4</div><div id="a161815_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:75.4px;">3.9</div><div id="a161818_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:417.728px;top:75.4px;display:flex;">(0.1)</div><div id="a161821_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.835px;top:75.4px;display:flex;">(8.7)</div><div id="a161825_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:75.4px;">17.3</div><div id="a161828_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.768px;top:75.4px;">7.5</div><div id="a161831_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:626.875px;top:75.4px;">0.9</div><div id="a161834_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:75.4px;display:flex;">(10.3)</div><div id="a161837" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:88.6px;">Switzerland </div><div id="a161840_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:88.6px;">5.5</div><div id="a161843_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:88.6px;">2.4</div><div id="a161846_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:417.728px;top:88.6px;display:flex;">(0.9)</div><div id="a161849_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.835px;top:88.6px;display:flex;">(6.6)</div><div id="a161853_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:88.6px;">13.1</div><div id="a161856_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.768px;top:88.6px;">5.8</div><div id="a161859_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:621.675px;top:88.6px;display:flex;">(0.1)</div><div id="a161862_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.782px;top:88.6px;display:flex;">(5.7)</div><div id="a161865" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:101.4px;">Consumer price index (% change) </div><div id="a161877" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:114.7px;">United States </div><div id="a161880_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:114.7px;">3.1</div><div id="a161883_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:114.7px;">2.2</div><div id="a161886_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:422.928px;top:114.7px;">5.7</div><div id="a161889_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.835px;top:114.7px;display:flex;">(1.2)</div><div id="a161893_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:524.662px;top:114.7px;">9.5</div><div id="a161896_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.768px;top:114.7px;">6.3</div><div id="a161899_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:621.675px;top:114.7px;">13.0</div><div id="a161902_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:677.982px;top:114.7px;">0.4</div><div id="a161905" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:127.9px;">Eurozone </div><div id="a161908_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:127.9px;">2.3</div><div id="a161911_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:127.9px;">1.4</div><div id="a161914_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:422.928px;top:127.9px;">4.2</div><div id="a161917_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.835px;top:127.9px;display:flex;">(1.3)</div><div id="a161921_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:524.662px;top:127.9px;">8.0</div><div id="a161924_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.768px;top:127.9px;">4.8</div><div id="a161927_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:621.675px;top:127.9px;">10.4</div><div id="a161930_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.782px;top:127.9px;display:flex;">(1.7)</div><div id="a161933" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:141.6px;">Switzerland </div><div id="a161936_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:141.6px;">1.8</div><div id="a161939_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:141.6px;">0.3</div><div id="a161942_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:422.928px;top:141.6px;">3.5</div><div id="a161945_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.835px;top:141.6px;display:flex;">(1.8)</div><div id="a161949_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:524.662px;top:141.6px;">6.1</div><div id="a161952_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.768px;top:141.6px;">1.7</div><div id="a161955_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:626.875px;top:141.6px;">9.0</div><div id="a161958_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.782px;top:141.6px;display:flex;">(1.6)</div><div id="a161961" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:153.9px;">Unemployment rate (end-of<div style="display:inline-block;width:1.44px"> </div>-period level, %) </div><div id="a161977" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:167.6px;">United States </div><div id="a161980_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:167.6px;">3.0</div><div id="a161983_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:167.6px;">3.9</div><div id="a161986_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:422.928px;top:167.6px;">6.1</div><div id="a161989_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.835px;top:167.6px;">10.9</div><div id="a161993_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:524.662px;top:167.6px;">3.0</div><div id="a161996_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.768px;top:167.6px;">3.5</div><div id="a161999_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:626.875px;top:167.6px;">7.2</div><div id="a162002_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.782px;top:167.6px;">10.8</div><div id="a162005" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:180.9px;">Eurozone </div><div id="a162008_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:180.9px;">6.2</div><div id="a162011_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:180.9px;">7.4</div><div id="a162014_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:422.928px;top:180.9px;">8.7</div><div id="a162017_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.835px;top:180.9px;">12.9</div><div id="a162021_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:524.662px;top:180.9px;">6.0</div><div id="a162024_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.768px;top:180.9px;">7.2</div><div id="a162027_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:626.875px;top:180.9px;">9.1</div><div id="a162030_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.782px;top:180.9px;">15.1</div><div id="a162033" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:194.1px;">Switzerland </div><div id="a162036_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:194.1px;">2.3</div><div id="a162039_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:194.1px;">2.5</div><div id="a162042_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:422.928px;top:194.1px;">3.4</div><div id="a162045_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.035px;top:194.1px;">5.2</div><div id="a162049_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:524.662px;top:194.1px;">1.6</div><div id="a162052_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.768px;top:194.1px;">2.3</div><div id="a162055_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:626.875px;top:194.1px;">4.2</div><div id="a162058_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:677.982px;top:194.1px;">5.9</div><div id="a162061" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:206.9px;">Fixed income: 10-year government<div style="display:inline-block;width:3.87px"> </div>bonds (change in yields, basis points) </div><div id="a162076" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:220.2px;">USD </div><div id="a162079_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.035px;top:220.2px;">50.0</div><div id="a162082_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:220.2px;">16.5</div><div id="a162085_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.995px;top:220.2px;">259.2</div><div id="a162088_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.622px;top:220.2px;display:flex;">(50.0)</div><div id="a162092_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:514.728px;top:220.2px;">170.0</div><div id="a162095_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.568px;top:220.2px;">41.2</div><div id="a162098_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.942px;top:220.2px;">329.2</div><div id="a162101_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:220.2px;display:flex;">(15.0)</div><div id="a162104" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:233.4px;">EUR </div><div id="a162107_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.035px;top:233.4px;">40.0</div><div id="a162110_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:233.4px;">11.1</div><div id="a162113_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.995px;top:233.4px;">283.8</div><div id="a162116_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.622px;top:233.4px;display:flex;">(35.0)</div><div id="a162120_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:514.728px;top:233.4px;">140.0</div><div id="a162123_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.568px;top:233.4px;">34.9</div><div id="a162126_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.942px;top:233.4px;">349.3</div><div id="a162129_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:233.4px;display:flex;">(25.0)</div><div id="a162132" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:246.6px;">CHF </div><div id="a162135_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.035px;top:246.6px;">50.0</div><div id="a162138_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:246.6px;">12.1</div><div id="a162141_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.995px;top:246.6px;">245.5</div><div id="a162144_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.622px;top:246.6px;display:flex;">(70.0)</div><div id="a162148_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:514.728px;top:246.6px;">150.0</div><div id="a162151_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.568px;top:246.6px;">34.4</div><div id="a162154_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.942px;top:246.6px;">307.3</div><div id="a162157_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:246.6px;display:flex;">(35.0)</div><div id="a162160" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:259.4px;">Equity indices (% change) </div><div id="a162172" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:272.7px;">S&amp;P 500 </div><div id="a162175_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.035px;top:272.7px;">12.0</div><div id="a162178_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:272.7px;">14.1</div><div id="a162181_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.528px;top:272.7px;display:flex;">(27.0)</div><div id="a162184_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.622px;top:272.7px;display:flex;">(50.2)</div><div id="a162188_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:272.7px;">35.5</div><div id="a162191_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.568px;top:272.7px;">24.7</div><div id="a162194_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.475px;top:272.7px;display:flex;">(21.8)</div><div id="a162197_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:272.7px;display:flex;">(40.1)</div><div id="a162200" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:286.4px;">EuroStoxx 50 </div><div id="a162203_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.035px;top:286.4px;">16.0</div><div id="a162206_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:286.4px;">12.3</div><div id="a162209_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.528px;top:286.4px;display:flex;">(23.4)</div><div id="a162212_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.622px;top:286.4px;display:flex;">(57.6)</div><div id="a162216_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:286.4px;">41.6</div><div id="a162219_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.568px;top:286.4px;">20.7</div><div id="a162222_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.475px;top:286.4px;display:flex;">(19.9)</div><div id="a162225_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:286.4px;display:flex;">(50.4)</div><div id="a162228" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:299.6px;">SPI </div><div id="a162231_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.035px;top:299.6px;">14.0</div><div id="a162234_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:299.6px;">12.1</div><div id="a162237_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.528px;top:299.6px;display:flex;">(22.9)</div><div id="a162240_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.622px;top:299.6px;display:flex;">(53.6)</div><div id="a162244_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:299.6px;">37.9</div><div id="a162247_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.568px;top:299.6px;">19.1</div><div id="a162250_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.475px;top:299.6px;display:flex;">(19.6)</div><div id="a162253_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:299.6px;display:flex;">(44.2)</div><div id="a162256" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:312.4px;">Swiss real estate (% change) </div><div id="a162269" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:325.7px;">Single-Family Homes<div style="display:inline-block;width:3.32px"> </div></div><div id="a162274_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:325.7px;">5.1</div><div id="a162277_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:325.7px;">4.4</div><div id="a162280_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:417.728px;top:325.7px;display:flex;">(4.3)</div><div id="a162283_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.622px;top:325.7px;display:flex;">(17.0)</div><div id="a162287_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:325.7px;">15.5</div><div id="a162290_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.768px;top:325.7px;">7.4</div><div id="a162293_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:621.675px;top:325.7px;display:flex;">(8.8)</div><div id="a162296_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:325.7px;display:flex;">(30.0)</div><div id="a162299" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:338.5px;">Other real estate (% change) </div><div id="a162311" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:351.7px;">United States (S&amp;P / Case–Shiller) </div><div id="a162316_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.035px;top:351.7px;">10.0</div><div id="a162319_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:351.7px;">3.5</div><div id="a162322_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:417.728px;top:351.7px;display:flex;">(2.3)</div><div id="a162325_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.835px;top:351.7px;display:flex;">(9.5)</div><div id="a162329_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:351.7px;">21.7</div><div id="a162332_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.768px;top:351.7px;">7.1</div><div id="a162335_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:621.675px;top:351.7px;display:flex;">(8.7)</div><div id="a162338_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:351.7px;display:flex;">(26.3)</div><div id="a162341" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:364.9px;">Eurozone (House Price Index) </div><div id="a162345_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:364.9px;">8.4</div><div id="a162348_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:364.9px;">5.1</div><div id="a162351_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:417.728px;top:364.9px;display:flex;">(4.0)</div><div id="a162354_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.835px;top:364.9px;display:flex;">(5.4)</div><div id="a162358_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:364.9px;">17.8</div><div id="a162361_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.768px;top:364.9px;">9.6</div><div id="a162364_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:621.675px;top:364.9px;display:flex;">(7.6)</div><div id="a162367_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:364.9px;display:flex;">(10.8)</div></div></div></div><div id="TextBlockContainer1354" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:240px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a162371" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">c) Development of ECL allowances<div style="display:inline-block;width:5.12px"> </div>and provisions<div style="display:inline-block;width:4.75px"> </div></div><div id="a162374" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.3px;">The ECL allowances and provisions<div style="display:inline-block;width:5.49px"> </div>recognized in the period<div style="display:inline-block;width:5.2px"> </div>are impacted by a variety of factors,<div style="display:inline-block;width:5.1px"> </div>such as: </div><div id="a162380" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.4px;">–</div><div id="a162381" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:42.3px;"> </div><div id="a162382" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:42.4px;">the effect of selecting and<div style="display:inline-block;width:5.2px"> </div>updating forward-looking scenarios<div style="display:inline-block;width:5.11px"> </div>and the respective weights; </div><div id="a162389" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:58.1px;">–</div><div id="a162390" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:57.9px;"> </div><div id="a162391" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:58.1px;">origination of new instruments during<div style="display:inline-block;width:5.52px"> </div>the period;<div style="display:inline-block;width:4.08px"> </div></div><div id="a162394" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:73.2px;">–</div><div id="a162395" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:73px;"> </div><div id="a162396" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:73.2px;">the effect<div style="display:inline-block;width:2.13px"> </div>of passage of<div style="display:inline-block;width:2.25px"> </div>time (lower residual<div style="display:inline-block;width:2.24px"> </div>lifetime PD and the<div style="display:inline-block;width:1.65px"> </div>effect of discount<div style="display:inline-block;width:2.12px"> </div>unwind) as the<div style="display:inline-block;width:2.17px"> </div>ECL on an<div style="display:inline-block;width:1.71px"> </div>instrument </div><div id="a162404" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:88.3px;">for the remaining lifetime decreases (all other<div style="display:inline-block;width:5.66px"> </div>factors remaining the same); </div><div id="a162407" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:103.9px;">–</div><div id="a162408" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:103.8px;"> </div><div id="a162409" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:103.9px;">derecognition of instruments in the<div style="display:inline-block;width:5.12px"> </div>period; </div><div id="a162411" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:119.1px;">–</div><div id="a162412" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:118.9px;"> </div><div id="a162413" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:119.1px;">change in individual asset quality of instruments; </div><div id="a162415" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:134.7px;">–</div><div id="a162416" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:134.6px;"> </div><div id="a162417" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:134.7px;">movements from<div style="display:inline-block;width:6.5px"> </div>a<div style="display:inline-block;width:5.2px"> </div>maximum<div style="display:inline-block;width:5.11px"> </div>12-month<div style="display:inline-block;width:5.89px"> </div>ECL<div style="display:inline-block;width:5.15px"> </div>to<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>recognition<div style="display:inline-block;width:5.26px"> </div>of<div style="display:inline-block;width:5.25px"> </div>lifetime ECL<div style="display:inline-block;width:5.9px"> </div>(and<div style="display:inline-block;width:5.71px"> </div>vice versa)<div style="display:inline-block;width:6.01px"> </div>following<div style="display:inline-block;width:5.65px"> </div>transfers </div><div id="a162421" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:149.8px;">between stages 1 and 2;<div style="display:inline-block;width:4.77px"> </div></div><div id="a162425" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:165px;">–</div><div id="a162426" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:164.8px;"> </div><div id="a162427" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:165px;">movements from stages 1 and 2 to stage 3 (credit-impaired status) when default has become certain and PD increases </div><div id="a162436" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:180.6px;">to 100% (or vice versa); </div><div id="a162438" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:195.7px;">–</div><div id="a162439" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:195.6px;"> </div><div id="a162440" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:195.7px;">changes in models or updates<div style="display:inline-block;width:5.08px"> </div>to model parameters; </div><div id="a162444" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:211.3px;">–</div><div id="a162445" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:211.2px;"> </div><div id="a162446" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:211.3px;">write-off; and </div><div id="a162450" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:226.5px;">–</div><div id="a162451" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:226.3px;"> </div><div id="a162452" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:226.5px;">foreign exchange translations for assets denominated<div style="display:inline-block;width:5.47px"> </div>in foreign currencies.</div></div><div id="TextBlockContainer1356" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:44px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a162490" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">The<div style="display:inline-block;width:5.88px"> </div>table<div style="display:inline-block;width:5.65px"> </div>below<div style="display:inline-block;width:6.11px"> </div>explains<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>changes<div style="display:inline-block;width:6.13px"> </div>in<div style="display:inline-block;width:5.77px"> </div>the<div style="display:inline-block;width:5.72px"> </div>ECL<div style="display:inline-block;width:5.63px"> </div>allowances<div style="display:inline-block;width:6.29px"> </div>and<div style="display:inline-block;width:6.08px"> </div>provisions<div style="display:inline-block;width:6.26px"> </div>for<div style="display:inline-block;width:5.57px"> </div>on-<div style="display:inline-block;width:6.65px"> </div>and<div style="display:inline-block;width:6.08px"> </div>off-balance<div style="display:inline-block;width:5.78px"> </div>sheet<div style="display:inline-block;width:5.77px"> </div>financial </div><div id="a162498" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">instruments and credit<div style="display:inline-block;width:5.16px"> </div>lines in scope of ECL<div style="display:inline-block;width:5.54px"> </div>requirements<div style="display:inline-block;width:5.15px"> </div>between the beginning<div style="display:inline-block;width:5.4px"> </div>and the end of the<div style="display:inline-block;width:5.15px"> </div>period due<div style="display:inline-block;width:5.11px"> </div>to the </div><div id="a162499" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">factors listed above.</div></div><div id="TextBlockContainer1359" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:695px;height:468px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a162504" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Development of ECL allowances<div style="display:inline-block;width:4.21px"> </div>and provisions </div><div id="a162510" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:12.5px;">USD m </div><div id="a162513" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:402.595px;top:12.5px;">Total </div><div id="a162515" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:480.182px;top:12.5px;">Stage 1 </div><div id="a162517" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:567.262px;top:12.5px;">Stage 2 </div><div id="a162519" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:654.342px;top:12.5px;">Stage 3 </div><div id="a162521" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:25.2px;">Balance as of 31 December 2021 </div><div id="a162524_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:394.075px;top:25.2px;display:flex;">(1,165)</div><div id="a162527_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:488.222px;top:25.2px;display:flex;">(282)</div><div id="a162530_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:575.302px;top:25.2px;display:flex;">(220)</div><div id="a162533_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:662.368px;top:25.2px;display:flex;">(662)</div><div id="a162536" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:38px;">Net movement from new and derecognized<div style="display:inline-block;width:4.27px"> </div>transactions</div><div id="a162537" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:216.608px;top:38.7px;">1</div><div id="a162540_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.102px;top:38px;display:flex;">(7)</div><div id="a162543_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:493.422px;top:38px;display:flex;">(21)</div><div id="a162546_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:585.222px;top:38px;">16</div><div id="a162549_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:672.302px;top:38px;display:flex;">(2)</div><div id="a162552" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:51.3px;">of which: Private clients with mortgages </div><div id="a162555_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:51.3px;display:flex;">(6)</div><div id="a162559_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:51.3px;display:flex;">(6)</div><div id="a162562_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:51.3px;">0</div><div id="a162565_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:51.3px;">0</div><div id="a162568" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:64.5px;">of which: Real estate financing </div><div id="a162571_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:64.5px;display:flex;">(3)</div><div id="a162574_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:64.5px;display:flex;">(5)</div><div id="a162577_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:64.5px;">2</div><div id="a162580_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:64.5px;">0</div><div id="a162583" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:77.7px;">of which: Large corporate clients </div><div id="a162586_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:77.7px;">8</div><div id="a162589_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:77.7px;display:flex;">(1)</div><div id="a162592_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:585.222px;top:77.7px;">11</div><div id="a162595_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:77.7px;display:flex;">(2)</div><div id="a162598" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:91.5px;">of which: SME clients </div><div id="a162601_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:91.5px;display:flex;">(1)</div><div id="a162604_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:91.5px;display:flex;">(1)</div><div id="a162607_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:91.5px;">0</div><div id="a162610_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:91.5px;">0</div><div id="a162613" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:104.7px;">of which: Other </div><div id="a162616_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:104.7px;display:flex;">(6)</div><div id="a162619_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:104.7px;display:flex;">(8)</div><div id="a162622_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:104.7px;">3</div><div id="a162625_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:104.7px;">0</div><div id="a162628" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:118px;"><div style="display:inline-block;width:4.73px"> </div>of which: Financial intermediaries and hedge<div style="display:inline-block;width:3.71px"> </div>funds </div><div id="a162632_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:118px;">0</div><div id="a162635_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:118px;display:flex;">(2)</div><div id="a162638_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:118px;">2</div><div id="a162641_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:118px;">0</div><div id="a162644" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:131.2px;"><div style="display:inline-block;width:4.73px"> </div>of which: Loans to financial advisors </div><div id="a162648_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:131.2px;">0</div><div id="a162651_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:131.2px;">0</div><div id="a162654_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:131.2px;">0</div><div id="a162657_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:131.2px;">0</div><div id="a162660" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:144px;">Remeasurements with stage transfers</div><div id="a162661" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:148.955px;top:144.6px;">2</div><div id="a162664_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:406.368px;top:144px;display:flex;">(65)</div><div id="a162667_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:498.182px;top:144px;">20</div><div id="a162670_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:580.502px;top:144px;display:flex;">(39)</div><div id="a162673_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:667.582px;top:144px;display:flex;">(46)</div><div id="a162676" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:157.2px;">of which: Private clients with mortgages </div><div id="a162679_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:157.2px;display:flex;">(10)</div><div id="a162682_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:157.2px;">3</div><div id="a162685_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:580.022px;top:157.2px;display:flex;">(12)</div><div id="a162688_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:157.2px;">0</div><div id="a162691" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:170.5px;">of which: Real estate financing </div><div id="a162695_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:170.5px;">7</div><div id="a162698_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:170.5px;display:flex;">(1)</div><div id="a162701_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:170.5px;">8</div><div id="a162704_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:170.5px;">0</div><div id="a162707" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:184.2px;">of which: Large corporate clients </div><div id="a162710_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:184.2px;display:flex;">(33)</div><div id="a162713_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:498.182px;top:184.2px;">16</div><div id="a162716_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:580.022px;top:184.2px;display:flex;">(28)</div><div id="a162719_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:667.102px;top:184.2px;display:flex;">(21)</div><div id="a162722" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:197.5px;">of which: SME clients </div><div id="a162725_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:197.5px;display:flex;">(23)</div><div id="a162728_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:197.5px;">2</div><div id="a162731_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:197.5px;display:flex;">(2)</div><div id="a162734_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:667.102px;top:197.5px;display:flex;">(22)</div><div id="a162737" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:210.7px;">of which: Other </div><div id="a162740_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:210.7px;display:flex;">(6)</div><div id="a162743_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:210.7px;">1</div><div id="a162746_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:210.7px;display:flex;">(4)</div><div id="a162749_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:210.7px;display:flex;">(3)</div><div id="a162752" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:223.9px;"><div style="display:inline-block;width:4.73px"> </div>of which: Financial intermediaries and hedge<div style="display:inline-block;width:3.71px"> </div>funds </div><div id="a162756_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:223.9px;">0</div><div id="a162759_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:223.9px;">0</div><div id="a162762_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:223.9px;">0</div><div id="a162765_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:223.9px;">0</div><div id="a162768" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:237.2px;"><div style="display:inline-block;width:4.73px"> </div>of which: Loans to financial advisors </div><div id="a162772_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:237.2px;">1</div><div id="a162775_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:237.2px;">2</div><div id="a162778_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:237.2px;display:flex;">(1)</div><div id="a162781_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:237.2px;">0</div><div id="a162784" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:249.9px;">Remeasurements without<div style="display:inline-block;width:3.76px"> </div>stage transfers</div><div id="a162785" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:161.248px;top:250.6px;">3</div><div id="a162788_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.102px;top:249.9px;">13</div><div id="a162791_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:498.182px;top:249.9px;display:flex;">(8)</div><div id="a162794_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:580.502px;top:249.9px;display:flex;">(27)</div><div id="a162797_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:672.302px;top:249.9px;">48</div><div id="a162800" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:263.2px;">of which: Private clients with mortgages </div><div id="a162803_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:263.2px;display:flex;">(12)</div><div id="a162806_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:263.2px;">5</div><div id="a162809_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:580.022px;top:263.2px;display:flex;">(18)</div><div id="a162812_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:263.2px;">1</div><div id="a162815" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:276.5px;">of which: Real estate financing </div><div id="a162819_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:276.5px;">13</div><div id="a162822_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:276.5px;">3</div><div id="a162825_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:585.222px;top:276.5px;">10</div><div id="a162828_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:276.5px;">0</div><div id="a162831" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:290.2px;">of which: Large corporate clients </div><div id="a162834_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:290.2px;">32</div><div id="a162837_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.955px;top:290.2px;display:flex;">(11)</div><div id="a162840_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:290.2px;">2</div><div id="a162843_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:672.302px;top:290.2px;">41</div><div id="a162846" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:303.4px;">of which: SME clients </div><div id="a162849_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:303.4px;display:flex;">(6)</div><div id="a162852_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.955px;top:303.4px;display:flex;">(10)</div><div id="a162855_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:303.4px;display:flex;">(9)</div><div id="a162858_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:672.302px;top:303.4px;">14</div><div id="a162861" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:316.7px;">of which: Other </div><div id="a162864_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:316.7px;display:flex;">(15)</div><div id="a162867_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:316.7px;">5</div><div id="a162870_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:580.022px;top:316.7px;display:flex;">(12)</div><div id="a162873_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:316.7px;display:flex;">(8)</div><div id="a162876" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:329.9px;"><div style="display:inline-block;width:4.73px"> </div>of which: Sovereigns </div><div id="a162880_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:329.9px;display:flex;">(8)</div><div id="a162883_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:329.9px;">0</div><div id="a162886_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:329.9px;display:flex;">(8)</div><div id="a162889_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:329.9px;">0</div><div id="a162892" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:343.2px;"><div style="display:inline-block;width:4.73px"> </div>of which: Loans to financial advisors </div><div id="a162896_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:343.2px;display:flex;">(3)</div><div id="a162899_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:343.2px;">3</div><div id="a162902_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:343.2px;display:flex;">(1)</div><div id="a162905_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:343.2px;display:flex;">(6)</div><div id="a162908" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:355.9px;">Model changes</div><div id="a162909" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:68.026px;top:356.6px;">4</div><div id="a162912_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.102px;top:355.9px;">30</div><div id="a162915_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:498.182px;top:355.9px;">29</div><div id="a162918_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.955px;top:355.9px;">1</div><div id="a162921_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:677.035px;top:355.9px;">0</div><div id="a162924" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:368.7px;">Movements with profit or loss impact</div><div id="a162925" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:139.502px;top:369.3px;">5</div><div id="a162928_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:406.368px;top:368.7px;display:flex;">(29)</div><div id="a162931_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:498.182px;top:368.7px;">20</div><div id="a162935_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:580.502px;top:368.7px;display:flex;">(49)</div><div id="a162939_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:677.035px;top:368.7px;">0</div><div id="a162942" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:381.5px;">Movements without profit or loss impact<div style="display:inline-block;width:3.76px"> </div>(write-off,<div style="display:inline-block;width:3.72px"> </div>FX and other)</div><div id="a162945" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:242.182px;top:382.1px;">6</div><div id="a162948_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:405.902px;top:381.5px;">104</div><div id="a162951_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:502.915px;top:381.5px;">3</div><div id="a162954_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.955px;top:381.5px;">1</div><div id="a162957_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:672.302px;top:381.5px;">99</div><div id="a162960" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:394.7px;">Balance as of 31 December 2022 </div><div id="a162964_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:394.075px;top:394.7px;display:flex;">(1,091)</div><div id="a162967_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:488.222px;top:394.7px;display:flex;">(260)</div><div id="a162970_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:575.302px;top:394.7px;display:flex;">(267)</div><div id="a162973_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:662.368px;top:394.7px;display:flex;">(564)</div><div id="a162976" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:408.8px;">1 Represents<div style="display:inline-block;width:3.64px"> </div>the increase<div style="display:inline-block;width:3.48px"> </div>and decrease<div style="display:inline-block;width:4.12px"> </div>in allowances<div style="display:inline-block;width:4.1px"> </div>and provisions<div style="display:inline-block;width:4.07px"> </div>resulting from<div style="display:inline-block;width:3.77px"> </div>financial instruments<div style="display:inline-block;width:4.41px"> </div>(including guarantee<div style="display:inline-block;width:2px"> </div>s<div style="display:inline-block;width:2.68px"> </div>and facilities)<div style="display:inline-block;width:3.95px"> </div>that were<div style="display:inline-block;width:3.95px"> </div>newly originated,<div style="display:inline-block;width:4.26px"> </div>purchased or<div style="display:inline-block;width:3.47px"> </div>renewed and<div style="display:inline-block;width:3.64px"> </div>from the<div style="display:inline-block;width:4.1px"> </div>final </div><div id="a162979" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:418.8px;">derecognition of loans or facilities on their maturity date or earlier.<div style="display:inline-block;width:8.65px"> </div>2 Represents the remeasurement between 12<div style="display:inline-block;width:1.38px"> </div>-month and lifetime ECL due to stage transfers.<div style="display:inline-block;width:8.38px"> </div>3 Represents the change in allowances and provisions </div><div id="a162984" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:428.7px;">related to<div style="display:inline-block;width:4.26px"> </div>changes<div style="display:inline-block;width:3.95px"> </div>in model<div style="display:inline-block;width:4.4px"> </div>inputs<div style="display:inline-block;width:3.85px"> </div>or assumptions,<div style="display:inline-block;width:5.34px"> </div>including<div style="display:inline-block;width:3.62px"> </div>changes<div style="display:inline-block;width:3.95px"> </div>in forward<div style="display:inline-block;width:1.98px"> </div>-looking<div style="display:inline-block;width:3.92px"> </div>macroeconomic<div style="display:inline-block;width:3.6px"> </div>conditions,<div style="display:inline-block;width:4.4px"> </div>changes<div style="display:inline-block;width:3.48px"> </div>in the<div style="display:inline-block;width:4.57px"> </div>exposure<div style="display:inline-block;width:3.93px"> </div>profile,<div style="display:inline-block;width:3.78px"> </div>PD and<div style="display:inline-block;width:4.58px"> </div>LGD<div style="display:inline-block;width:3.46px"> </div>changes,<div style="display:inline-block;width:4.11px"> </div>and<div style="display:inline-block;width:3.47px"> </div>unwinding<div style="display:inline-block;width:3.78px"> </div>of the<div style="display:inline-block;width:4.57px"> </div>time<div style="display:inline-block;width:3.46px"> </div>value.<div style="display:inline-block;width:7.09px"> </div></div><div id="a162988" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:439.1px;">4 Represents the change in the allowances<div style="display:inline-block;width:3.67px"> </div>and provisions related to changes<div style="display:inline-block;width:3.46px"> </div>in models and methodologies.<div style="display:inline-block;width:9.9px"> </div>5 Includes ECL movements<div style="display:inline-block;width:3.46px"> </div>from new and derecognized transactions,<div style="display:inline-block;width:4.27px"> </div>remeasurement changes,<div style="display:inline-block;width:3.79px"> </div>model and </div><div id="a162992" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:449px;">methodology changes.<div style="display:inline-block;width:12.76px"> </div>6 Represents<div style="display:inline-block;width:3.64px"> </div>the decrease<div style="display:inline-block;width:4.43px"> </div>in allowances<div style="display:inline-block;width:4.1px"> </div>and provisions<div style="display:inline-block;width:4.07px"> </div>resulting from<div style="display:inline-block;width:4.24px"> </div>write-offs of<div style="display:inline-block;width:4.14px"> </div>the ECL<div style="display:inline-block;width:3.79px"> </div>allowance<div style="display:inline-block;width:3.47px"> </div>against the<div style="display:inline-block;width:3.88px"> </div>gross carrying<div style="display:inline-block;width:4.1px"> </div>amount when<div style="display:inline-block;width:4.41px"> </div>all or<div style="display:inline-block;width:3.78px"> </div>part of<div style="display:inline-block;width:3.47px"> </div>a financial<div style="display:inline-block;width:3.64px"> </div>asset is<div style="display:inline-block;width:3.94px"> </div>deemed </div><div id="a162997" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:459.4px;">uncollectible or forgiven and<div style="display:inline-block;width:3.45px"> </div>movements in foreign exchange<div style="display:inline-block;width:3.77px"> </div>rates.</div></div><div id="TextBlockContainer1362" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:220px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a163000" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:0px;">Movements with profit<div style="display:inline-block;width:1.51px"> </div>or loss<div style="display:inline-block;width:2.24px"> </div>impact: </div><div id="a163001" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:219.258px;top:0.3px;">Stages 1<div style="display:inline-block;width:2.33px"> </div>and 2 ECL<div style="display:inline-block;width:1.71px"> </div>allowances and provisions<div style="display:inline-block;width:2.29px"> </div>increased on a<div style="display:inline-block;width:1.94px"> </div>net basis<div style="display:inline-block;width:2.31px"> </div>by USD </div><div id="a163001_77_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:656.512px;top:0.3px;">29</div><div id="a163001_79_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:671.645px;top:0.3px;">m:</div><div id="a163007" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:685.352px;top:0px;"> </div><div id="a163008" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.4px;">–</div><div id="a163009" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:15.3px;"> </div><div id="a163010" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:20.038px;top:15.2px;">Net movement<div style="display:inline-block;width:5.05px"> </div>from new<div style="display:inline-block;width:5.36px"> </div>and derecognized<div style="display:inline-block;width:5.59px"> </div>transactions</div><div id="a163011" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:344.205px;top:15.4px;"><div style="display:inline-block;width:4.25px"> </div>includes USD </div><div id="a163011_14_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:427.434px;top:15.4px;">21</div><div id="a163011_16_27" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:442.567px;top:15.4px;">m stage 1<div style="display:inline-block;width:5.08px"> </div>expenses and<div style="display:inline-block;width:5.54px"> </div>USD </div><div id="a163011_43_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:613.758px;top:15.4px;">16</div><div id="a163011_45_10" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:628.418px;top:15.4px;">m stage 2 </div><div id="a163013" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:30.6px;">releases: Stage 1 expenses are primarily driven by new loans secured by real estate. The residual<div style="display:inline-block;width:5.05px"> </div>effect is spread across </div><div id="a163015" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:46.2px;">lending segments. Stage 2<div style="display:inline-block;width:5.25px"> </div>releases are largely driven by redemption of<div style="display:inline-block;width:5.16px"> </div>corporate loans in the I<div style="display:inline-block;width:1.57px"> </div>nvestment Bank. </div><div id="a163021" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.3px;">–</div><div id="a163022" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:61.2px;"> </div><div id="a163023" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:20.038px;top:61px;">Remeasurements with<div style="display:inline-block;width:6.39px"> </div>stage transfers</div><div id="a163024" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:235.338px;top:61.3px;"><div style="display:inline-block;width:4.76px"> </div>include USD </div><div id="a163024_13_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:314.817px;top:61.3px;">20</div><div id="a163024_15_30" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:329.95px;top:61.3px;">m releases<div style="display:inline-block;width:5.71px"> </div>in stage<div style="display:inline-block;width:5.98px"> </div>1 and<div style="display:inline-block;width:5.91px"> </div>USD </div><div id="a163024_45_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:511.546px;top:61.3px;">39</div><div id="a163024_47_28" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:526.679px;top:61.3px;">m expenses<div style="display:inline-block;width:5.93px"> </div>in stage<div style="display:inline-block;width:5.72px"> </div>2.<div style="display:inline-block;width:5.04px"> </div>This </div><div id="a163027" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:76.9px;">mainly includes<div style="display:inline-block;width:5.66px"> </div>the transfer of<div style="display:inline-block;width:6.09px"> </div>a few<div style="display:inline-block;width:5.26px"> </div>large corporate<div style="display:inline-block;width:5.67px"> </div>lending<div style="display:inline-block;width:5.33px"> </div>transactions in<div style="display:inline-block;width:5.34px"> </div>the Investment<div style="display:inline-block;width:5.52px"> </div>Bank<div style="display:inline-block;width:5.13px"> </div>from stage<div style="display:inline-block;width:5.29px"> </div>1 to<div style="display:inline-block;width:5.08px"> </div>2 </div><div id="a163030" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:92.1px;">(i.e., releases in<div style="display:inline-block;width:1.64px"> </div>stage 1<div style="display:inline-block;width:2.3px"> </div>and related but<div style="display:inline-block;width:1.84px"> </div>generally higher<div style="display:inline-block;width:2.19px"> </div>expenses in stage<div style="display:inline-block;width:2.12px"> </div>2), driven by<div style="display:inline-block;width:1.98px"> </div>rating downgrades and scenario </div><div id="a163031" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:107.7px;">effects. </div><div id="a163034" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:122.8px;">–</div><div id="a163035" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:122.7px;"> </div><div id="a163036" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:20.038px;top:122.5px;">Remeasurements<div style="display:inline-block;width:5.29px"> </div>without<div style="display:inline-block;width:5.5px"> </div>stage<div style="display:inline-block;width:5.3px"> </div>transfers</div><div id="a163037" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:255.232px;top:122.8px;"><div style="display:inline-block;width:5.2px"> </div>include<div style="display:inline-block;width:5.4px"> </div>stage<div style="display:inline-block;width:5.3px"> </div>1<div style="display:inline-block;width:5.4px"> </div>expenses<div style="display:inline-block;width:5.03px"> </div>of<div style="display:inline-block;width:5.25px"> </div>USD </div><div id="a163037_33_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:456.688px;top:122.8px;">8</div><div id="a163037_34_30" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:464.254px;top:122.8px;">m<div style="display:inline-block;width:5.05px"> </div>and stage<div style="display:inline-block;width:6.28px"> </div>2 expenses<div style="display:inline-block;width:6.28px"> </div>of<div style="display:inline-block;width:5.25px"> </div>USD </div><div id="a163037_64_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:656.254px;top:122.8px;">27</div><div id="a163037_66_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:671.387px;top:122.8px;">m. </div><div id="a163039" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:137.9px;">These expenses of<div style="display:inline-block;width:1.75px"> </div>USD </div><div id="a163039_22_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:151.506px;top:137.9px;">35</div><div id="a163039_24_49" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:166.639px;top:137.9px;">m relate<div style="display:inline-block;width:1.67px"> </div>to large and<div style="display:inline-block;width:2.03px"> </div>SME corporate lending<div style="display:inline-block;width:2.22px"> </div>(USD </div><div id="a163039_73_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:447.073px;top:137.9px;">28</div><div id="a163039_75_43" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:462.206px;top:137.9px;">m), substantially<div style="display:inline-block;width:1.46px"> </div>due to scenario<div style="display:inline-block;width:2.07px"> </div>effects, </div><div id="a163040" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:153.5px;">and to a single sovereign<div style="display:inline-block;width:5.33px"> </div>counterparty (USD </div><div id="a163040_44_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:273.133px;top:153.5px;">8</div><div id="a163040_45_5" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:280.699px;top:153.5px;">m).<div style="display:inline-block;width:3.94px"> </div></div><div id="a163043" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:168.7px;">–</div><div id="a163044" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:168.6px;"> </div><div id="a163045" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:168.7px;">Model changes: refer to Note<div style="display:inline-block;width:5.14px"> </div>19b for more information. </div><div id="a163048" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:191.6px;">Movements without profit or loss impact: </div><div id="a163049" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:242.458px;top:191.9px;">Stage 3 allowances decreased by USD </div><div id="a163049_36_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:460.125px;top:191.9px;">99</div><div id="a163049_38_39" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:475.258px;top:191.9px;">m almost entirely due to write-offs of </div><div id="a163054" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:207px;">USD </div><div id="a163054_4_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:33.312px;top:207px;">95</div><div id="a163054_6_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:48.445px;top:207px;">m.</div></div><div id="TextBlockContainer1366" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:695px;height:467px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1364_XBRL_TS_a18b239be1a845f1bde6625d7dc332a8" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1365" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:695px;height:467px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a163097" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Development of ECL allowances<div style="display:inline-block;width:4.15px"> </div>and provisions </div><div id="a163101" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:12.5px;">USD m </div><div id="a163104" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:402.595px;top:12.5px;">Total </div><div id="a163106" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.182px;top:12.5px;">Stage 1 </div><div id="a163108" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:567.262px;top:12.5px;">Stage 2 </div><div id="a163110" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:654.342px;top:12.5px;">Stage 3 </div><div id="a163112" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:25.3px;">Balance as of 31 December 2020 </div><div id="a163115_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.075px;top:25.3px;display:flex;">(1,468)</div><div id="a163118_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:488.222px;top:25.3px;display:flex;">(306)</div><div id="a163121_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.302px;top:25.3px;display:flex;">(333)</div><div id="a163124_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.368px;top:25.3px;display:flex;">(829)</div><div id="a163127" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:38px;">Net movement from new and derecognized<div style="display:inline-block;width:4.27px"> </div>transactions</div><div id="a163128" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:216.608px;top:38.7px;">1</div><div id="a163131_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:406.368px;top:38px;display:flex;">(59)</div><div id="a163134_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:493.422px;top:38px;display:flex;">(72)</div><div id="a163137_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:38px;">13</div><div id="a163140_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:677.035px;top:38px;">0</div><div id="a163143" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:51.3px;">of which: Private clients with mortgages </div><div id="a163147_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:51.3px;display:flex;">(7)</div><div id="a163151_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.955px;top:51.3px;display:flex;">(10)</div><div id="a163154_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:51.3px;">3</div><div id="a163157_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:51.3px;">0</div><div id="a163160" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:64.5px;">of which: Real estate financing </div><div id="a163163_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:64.5px;display:flex;">(7)</div><div id="a163166_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.955px;top:64.5px;display:flex;">(11)</div><div id="a163169_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:64.5px;">4</div><div id="a163172_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:64.5px;">0</div><div id="a163175" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:77.8px;">of which: Large corporate clients </div><div id="a163178_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:77.8px;display:flex;">(13)</div><div id="a163181_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.955px;top:77.8px;display:flex;">(21)</div><div id="a163184_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:77.8px;">7</div><div id="a163187_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:77.8px;">0</div><div id="a163190" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:91px;">of which: SME clients </div><div id="a163193_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:91px;display:flex;">(8)</div><div id="a163196_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:91px;display:flex;">(8)</div><div id="a163199_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:91px;">0</div><div id="a163202_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:91px;">0</div><div id="a163205" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:104.7px;">of which: Other </div><div id="a163208_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:104.7px;display:flex;">(24)</div><div id="a163211_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.955px;top:104.7px;display:flex;">(23)</div><div id="a163214_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:104.7px;display:flex;">(2)</div><div id="a163217_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:104.7px;">0</div><div id="a163220" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:118px;"><div style="display:inline-block;width:4.73px"> </div>of which: Financial intermediaries and hedge<div style="display:inline-block;width:3.71px"> </div>funds </div><div id="a163224_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:118px;display:flex;">(21)</div><div id="a163227_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.955px;top:118px;display:flex;">(18)</div><div id="a163230_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:118px;display:flex;">(4)</div><div id="a163233_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:118px;">0</div><div id="a163236" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:131.2px;"><div style="display:inline-block;width:4.73px"> </div>of which: Loans to financial advisors </div><div id="a163240_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:131.2px;">0</div><div id="a163243_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:131.2px;display:flex;">(1)</div><div id="a163246_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:131.2px;">1</div><div id="a163249_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:131.2px;">0</div><div id="a163252" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:144px;">Remeasurements with stage transfers</div><div id="a163253" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:148.955px;top:144.6px;">2</div><div id="a163256_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:406.368px;top:144px;display:flex;">(40)</div><div id="a163259_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:144px;">8</div><div id="a163262_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.955px;top:144px;">0</div><div id="a163265_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:144px;display:flex;">(49)</div><div id="a163268" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:157.2px;">of which: Private clients with mortgages </div><div id="a163271_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:157.2px;display:flex;">(9)</div><div id="a163274_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:157.2px;">4</div><div id="a163277_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:580.022px;top:157.2px;display:flex;">(13)</div><div id="a163280_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:157.2px;">0</div><div id="a163283" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:170.5px;">of which: Real estate financing </div><div id="a163287_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:170.5px;display:flex;">(3)</div><div id="a163290_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:170.5px;">1</div><div id="a163293_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:170.5px;display:flex;">(4)</div><div id="a163296_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:170.5px;">0</div><div id="a163299" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:183.7px;">of which: Large corporate clients </div><div id="a163302_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:183.7px;">2</div><div id="a163305_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:183.7px;display:flex;">(2)</div><div id="a163308_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:585.222px;top:183.7px;">12</div><div id="a163311_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:183.7px;display:flex;">(8)</div><div id="a163314" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:197.5px;">of which: SME clients </div><div id="a163317_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:197.5px;display:flex;">(27)</div><div id="a163320_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:197.5px;">5</div><div id="a163323_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:197.5px;">4</div><div id="a163326_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:667.102px;top:197.5px;display:flex;">(36)</div><div id="a163329" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:210.7px;">of which: Other </div><div id="a163332_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:210.7px;display:flex;">(3)</div><div id="a163335_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:210.7px;">0</div><div id="a163338_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:210.7px;">2</div><div id="a163341_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:210.7px;display:flex;">(4)</div><div id="a163344" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:223.9px;"><div style="display:inline-block;width:4.73px"> </div>of which: Financial intermediaries and hedge<div style="display:inline-block;width:3.71px"> </div>funds </div><div id="a163348_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:223.9px;">2</div><div id="a163351_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:223.9px;display:flex;">(1)</div><div id="a163354_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:223.9px;">3</div><div id="a163357_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:223.9px;">0</div><div id="a163360" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:237.2px;"><div style="display:inline-block;width:4.73px"> </div>of which: Loans to financial advisors </div><div id="a163364_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:237.2px;">0</div><div id="a163367_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:237.2px;">1</div><div id="a163370_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:237.2px;display:flex;">(1)</div><div id="a163373_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:237.2px;">0</div><div id="a163376" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:250px;">Remeasurements without<div style="display:inline-block;width:3.76px"> </div>stage transfers</div><div id="a163377" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:161.248px;top:250.6px;">3</div><div id="a163380_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.902px;top:250px;">203</div><div id="a163383_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:498.182px;top:250px;">55</div><div id="a163386_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:250px;">74</div><div id="a163389_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.302px;top:250px;">74</div><div id="a163392" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:263.2px;">of which: Private clients with mortgages </div><div id="a163395_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:263.2px;">33</div><div id="a163398_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:263.2px;">8</div><div id="a163401_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:585.222px;top:263.2px;">26</div><div id="a163404_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:263.2px;display:flex;">(1)</div><div id="a163407" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:276.5px;">of which: Real estate financing </div><div id="a163411_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:276.5px;">30</div><div id="a163414_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:498.182px;top:276.5px;">13</div><div id="a163417_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:585.222px;top:276.5px;">13</div><div id="a163420_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:276.5px;">3</div><div id="a163423" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:289.7px;">of which: Large corporate clients </div><div id="a163426_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:289.7px;">44</div><div id="a163429_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:289.7px;">5</div><div id="a163432_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:585.222px;top:289.7px;">21</div><div id="a163435_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:672.302px;top:289.7px;">17</div><div id="a163438" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:303.4px;">of which: SME clients </div><div id="a163441_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:303.4px;">53</div><div id="a163444_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:303.4px;display:flex;">(1)</div><div id="a163447_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:303.4px;">1</div><div id="a163450_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:672.302px;top:303.4px;">53</div><div id="a163453" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:316.7px;">of which: Other </div><div id="a163456_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:316.7px;">44</div><div id="a163459_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:498.182px;top:316.7px;">29</div><div id="a163462_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:585.222px;top:316.7px;">14</div><div id="a163465_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:316.7px;">2</div><div id="a163468" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:329.9px;"><div style="display:inline-block;width:4.73px"> </div>of which: Financial intermediaries and hedge<div style="display:inline-block;width:3.71px"> </div>funds </div><div id="a163472_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:329.9px;">27</div><div id="a163475_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:498.182px;top:329.9px;">15</div><div id="a163478_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:585.222px;top:329.9px;">12</div><div id="a163481_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:329.9px;">0</div><div id="a163484" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:343.2px;"><div style="display:inline-block;width:4.73px"> </div>of which: Loans to financial advisors </div><div id="a163488_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:343.2px;">6</div><div id="a163491_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:343.2px;">8</div><div id="a163494_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:343.2px;">1</div><div id="a163497_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:343.2px;display:flex;">(3)</div><div id="a163500" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:355.9px;">Model changes</div><div id="a163501" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:68.026px;top:356.6px;">4</div><div id="a163504_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:411.102px;top:355.9px;">45</div><div id="a163507_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:498.182px;top:355.9px;">29</div><div id="a163510_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:355.9px;">16</div><div id="a163513_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:677.035px;top:355.9px;">0</div><div id="a163516" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:368.7px;">Movements with profit or loss impact</div><div id="a163517" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:139.502px;top:369.3px;">5</div><div id="a163520_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.902px;top:368.7px;">148</div><div id="a163523_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:498.182px;top:368.7px;">19</div><div id="a163527_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.022px;top:368.7px;">104</div><div id="a163531_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.302px;top:368.7px;">25</div><div id="a163534" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:381.5px;">Movements without profit or loss impact<div style="display:inline-block;width:3.83px"> </div>(write-off, FX<div style="display:inline-block;width:3.89px"> </div>and other)</div><div id="a163538" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:242.182px;top:382.1px;">6</div><div id="a163541_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.902px;top:381.5px;">154</div><div id="a163544_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:381.5px;">5</div><div id="a163547_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.955px;top:381.5px;">9</div><div id="a163550_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.102px;top:381.5px;">141</div><div id="a163553" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:394.7px;">Balance as of 31 December 2021 </div><div id="a163556_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.075px;top:394.7px;display:flex;">(1,165)</div><div id="a163559_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:488.222px;top:394.7px;display:flex;">(282)</div><div id="a163562_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.302px;top:394.7px;display:flex;">(220)</div><div id="a163565_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.368px;top:394.7px;display:flex;">(662)</div><div id="a163568" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:408.3px;">1 Represents<div style="display:inline-block;width:3.64px"> </div>the increase<div style="display:inline-block;width:3.48px"> </div>and decrease<div style="display:inline-block;width:4.12px"> </div>in allowances<div style="display:inline-block;width:4.1px"> </div>and provisions<div style="display:inline-block;width:4.07px"> </div>resulting from<div style="display:inline-block;width:3.77px"> </div>financial instruments<div style="display:inline-block;width:4.41px"> </div>(including guarantee<div style="display:inline-block;width:2px"> </div>s<div style="display:inline-block;width:2.68px"> </div>and facilities)<div style="display:inline-block;width:3.96px"> </div>that were<div style="display:inline-block;width:3.95px"> </div>newly originated,<div style="display:inline-block;width:4.26px"> </div>purchased or<div style="display:inline-block;width:3.47px"> </div>renewed and<div style="display:inline-block;width:3.64px"> </div>from the<div style="display:inline-block;width:3.93px"> </div>final </div><div id="a163571" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:418.8px;">derecognition of loans or facilities on their maturity date or earlier.<div style="display:inline-block;width:8.65px"> </div>2 Represents the remeasurement between 12<div style="display:inline-block;width:1.38px"> </div>-month and lifetime ECL due to stage transfers.<div style="display:inline-block;width:8.38px"> </div>3 Represents the change in allowances and provisions </div><div id="a163577" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:428.7px;">related to<div style="display:inline-block;width:4.26px"> </div>changes<div style="display:inline-block;width:3.95px"> </div>in model<div style="display:inline-block;width:4.4px"> </div>inputs<div style="display:inline-block;width:3.78px"> </div>or assumptions,<div style="display:inline-block;width:5.34px"> </div>including<div style="display:inline-block;width:3.62px"> </div>changes<div style="display:inline-block;width:3.95px"> </div>in forward<div style="display:inline-block;width:2.05px"> </div>-looking<div style="display:inline-block;width:3.92px"> </div>macroeconomic<div style="display:inline-block;width:3.6px"> </div>conditions,<div style="display:inline-block;width:4.4px"> </div>changes<div style="display:inline-block;width:3.48px"> </div>in the<div style="display:inline-block;width:4.57px"> </div>exposure<div style="display:inline-block;width:3.93px"> </div>profile,<div style="display:inline-block;width:3.78px"> </div>PD and<div style="display:inline-block;width:4.58px"> </div>LGD<div style="display:inline-block;width:3.46px"> </div>changes,<div style="display:inline-block;width:4.11px"> </div>and<div style="display:inline-block;width:3.47px"> </div>unwinding<div style="display:inline-block;width:3.78px"> </div>of the<div style="display:inline-block;width:4.57px"> </div>time<div style="display:inline-block;width:3.46px"> </div>value.<div style="display:inline-block;width:7.09px"> </div></div><div id="a163580" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:439.1px;">4 Represents the change in the allowances<div style="display:inline-block;width:3.7px"> </div>and provisions related to changes<div style="display:inline-block;width:3.46px"> </div>in models and methodologies.<div style="display:inline-block;width:9.74px"> </div>5 Includes ECL movements<div style="display:inline-block;width:3.46px"> </div>from new and derecognized<div style="display:inline-block;width:3.39px"> </div>transactions, remeasurement<div style="display:inline-block;width:4.25px"> </div>changes, model and </div><div id="a163585" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:449px;">methodology changes.<div style="display:inline-block;width:12.76px"> </div>6 Represents<div style="display:inline-block;width:3.64px"> </div>the decrease<div style="display:inline-block;width:4.43px"> </div>in allowa<div style="display:inline-block;width:1.38px"> </div>nces and<div style="display:inline-block;width:3.8px"> </div>provisions resulting<div style="display:inline-block;width:4.22px"> </div>from write<div style="display:inline-block;width:1.63px"> </div>-offs of<div style="display:inline-block;width:3.48px"> </div>the ECL<div style="display:inline-block;width:3.79px"> </div>allowance<div style="display:inline-block;width:3.47px"> </div>against the<div style="display:inline-block;width:3.79px"> </div>gross carrying<div style="display:inline-block;width:4.1px"> </div>amount when<div style="display:inline-block;width:4.41px"> </div>all or<div style="display:inline-block;width:3.78px"> </div>part of<div style="display:inline-block;width:3.47px"> </div>a financial<div style="display:inline-block;width:3.64px"> </div>asset is<div style="display:inline-block;width:3.94px"> </div>deemed </div><div id="a163589" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:458.9px;">uncollectible or forgiven and<div style="display:inline-block;width:3.45px"> </div>movements in foreign exchange<div style="display:inline-block;width:3.77px"> </div>rates.</div></div></div></div><div id="TextBlockContainer1368" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:75px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a163592" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">As explained<div style="display:inline-block;width:5.23px"> </div>in Note 1a,<div style="display:inline-block;width:5.6px"> </div>the assessment<div style="display:inline-block;width:5.92px"> </div>of a significant<div style="display:inline-block;width:6.35px"> </div>increase<div style="display:inline-block;width:5.23px"> </div>in credit<div style="display:inline-block;width:5.71px"> </div>risk (SICR)<div style="display:inline-block;width:5.68px"> </div>considers a<div style="display:inline-block;width:5.08px"> </div>number<div style="display:inline-block;width:5.03px"> </div>of qualitative </div><div id="a163597" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">and<div style="display:inline-block;width:5.13px"> </div>quantitative factors<div style="display:inline-block;width:5.58px"> </div>to determine<div style="display:inline-block;width:5.79px"> </div>whether a<div style="display:inline-block;width:5.98px"> </div>stage transfer<div style="display:inline-block;width:5.52px"> </div>between<div style="display:inline-block;width:5.08px"> </div>stage 1<div style="display:inline-block;width:5.29px"> </div>and stage 2<div style="display:inline-block;width:5.68px"> </div>is required,<div style="display:inline-block;width:6.5px"> </div>although the </div><div id="a163605" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.7px;">primary assessment considers changes in PD based on rating analyses and economic outlook. Additionally, UBS AG takes </div><div id="a163607" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.3px;">into consideration<div style="display:inline-block;width:6.27px"> </div>counterparties that<div style="display:inline-block;width:5.61px"> </div>have moved<div style="display:inline-block;width:6.3px"> </div>to a<div style="display:inline-block;width:5.83px"> </div>credit watch<div style="display:inline-block;width:5.56px"> </div>list and<div style="display:inline-block;width:5.87px"> </div>those with<div style="display:inline-block;width:5.66px"> </div>payments that<div style="display:inline-block;width:5.62px"> </div>are at<div style="display:inline-block;width:5.71px"> </div>least 30 </div><div id="a163608" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">days past due.</div></div><div id="TextBlockContainer1372" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:688px;height:175px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1370_XBRL_TS_accfad99050e45dfb9b1c37e3a2e3e99" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1371" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:688px;height:175px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a163611" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">ECL stage 2 (“significant deterioration<div style="display:inline-block;width:4.66px"> </div>in credit risk”) allowances / provisions<div style="display:inline-block;width:4.15px"> </div>as of 31 December 2022 – classification by trigger </div><div id="a163617" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:37.5px;">USD m </div><div id="a163620" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:501.022px;top:37.5px;">Stage 2 </div><div id="a163622" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:544.528px;top:26.2px;">of which: </div><div id="a163623" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:548.342px;top:37.5px;">PD layer </div><div id="a163625" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:594.688px;top:26.2px;">of which: </div><div id="a163626" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:593.262px;top:37.5px;">watch list </div><div id="a163628" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:644.848px;top:14.3px;">of which: </div><div id="a163629" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:645.315px;top:26.2px;">≥30 days<div style="display:inline-block;width:2.48px"> </div></div><div id="a163631" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:647.208px;top:37.5px;">past due </div><div id="a163633" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:50.8px;">On-<div style="display:inline-block;width:2.64px"> </div>and off-balance sheet<div style="display:inline-block;width:3.13px"> </div></div><div id="a163641_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.062px;top:51.2px;display:flex;">(267)</div><div id="a163644_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:558.742px;top:51.2px;display:flex;">(196)</div><div id="a163647_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.635px;top:51.2px;display:flex;">(21)</div><div id="a163650_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.795px;top:51.2px;display:flex;">(50)</div><div id="a163653" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:65px;">of which: Private clients with mortgages </div><div id="a163657_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.062px;top:65px;display:flex;">(107)</div><div id="a163660_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:563.475px;top:65px;display:flex;">(83)</div><div id="a163663_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.568px;top:65px;">0</div><div id="a163666_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.795px;top:65px;display:flex;">(25)</div><div id="a163669" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:79.2px;">of which: Real estate financing </div><div id="a163672_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:513.782px;top:79.2px;display:flex;">(23)</div><div id="a163675_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:563.475px;top:79.2px;display:flex;">(18)</div><div id="a163678_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.568px;top:79.2px;">0</div><div id="a163681_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.528px;top:79.2px;display:flex;">(5)</div><div id="a163684" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:93.8px;">of which: Large corporate clients </div><div id="a163687_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:513.782px;top:93.8px;display:flex;">(65)</div><div id="a163690_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:563.475px;top:93.8px;display:flex;">(51)</div><div id="a163693_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.635px;top:93.8px;display:flex;">(13)</div><div id="a163696_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.728px;top:93.8px;">0</div><div id="a163699" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:108px;">of which: SME clients </div><div id="a163702_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:513.782px;top:108px;display:flex;">(37)</div><div id="a163705_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:563.475px;top:108px;display:flex;">(22)</div><div id="a163708_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:618.368px;top:108px;display:flex;">(7)</div><div id="a163711_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.528px;top:108px;display:flex;">(7)</div><div id="a163714" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:122.2px;">of which: Financial intermediaries and hedge<div style="display:inline-block;width:3.79px"> </div>funds </div><div id="a163718_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:513.782px;top:122.2px;display:flex;">(17)</div><div id="a163721_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:563.475px;top:122.2px;display:flex;">(17)</div><div id="a163724_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.568px;top:122.2px;">0</div><div id="a163727_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.728px;top:122.2px;">0</div><div id="a163730" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:136.9px;">of which: Loans to financial advisors </div><div id="a163733_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:518.515px;top:136.9px;display:flex;">(2)</div><div id="a163736_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.408px;top:136.9px;">0</div><div id="a163739_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.568px;top:136.9px;">0</div><div id="a163742_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.528px;top:136.9px;display:flex;">(2)</div><div id="a163745" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:151.1px;">of which: Credit cards </div><div id="a163748_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:513.782px;top:151.1px;display:flex;">(12)</div><div id="a163751_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.408px;top:151.1px;">0</div><div id="a163754_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.568px;top:151.1px;">0</div><div id="a163758_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:151.1px;display:flex;">(12)</div><div id="a163762" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:165.3px;">of which: Other </div><div id="a163765_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:518.515px;top:165.3px;display:flex;">(5)</div><div id="a163768_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:568.208px;top:165.3px;display:flex;">(5)</div><div id="a163771_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.568px;top:165.3px;">0</div><div id="a163774_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.728px;top:165.3px;">0</div></div></div></div><div id="TextBlockContainer1374" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:186px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a163816" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">d) Maximum exposure to credit risk </div><div id="a163821" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.8px;">The tables<div style="display:inline-block;width:2.19px"> </div>below provide UBS<div style="display:inline-block;width:2.3px"> </div>AG’s maximum exposure to credit<div style="display:inline-block;width:2.05px"> </div>risk for financial<div style="display:inline-block;width:2px"> </div>instruments subject to<div style="display:inline-block;width:2.13px"> </div>ECL requirements </div><div id="a163825" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.9px;">and<div style="display:inline-block;width:7.97px"> </div>the<div style="display:inline-block;width:7.62px"> </div>respective<div style="display:inline-block;width:7.71px"> </div>collateral<div style="display:inline-block;width:7.89px"> </div>and<div style="display:inline-block;width:7.97px"> </div>other<div style="display:inline-block;width:7.66px"> </div>credit<div style="display:inline-block;width:7.87px"> </div>enhancements<div style="display:inline-block;width:8.39px"> </div>mitigating<div style="display:inline-block;width:7.87px"> </div>credit<div style="display:inline-block;width:8.34px"> </div>risk<div style="display:inline-block;width:7.36px"> </div>for<div style="display:inline-block;width:7.94px"> </div>these<div style="display:inline-block;width:7.66px"> </div>classes<div style="display:inline-block;width:7.41px"> </div>of<div style="display:inline-block;width:8.09px"> </div>financial </div><div id="a163826" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:58.5px;">instruments.<div style="display:inline-block;width:4.41px"> </div></div><div id="a163829" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:81.2px;">The maximum exposure<div style="display:inline-block;width:6.06px"> </div>to credit risk<div style="display:inline-block;width:5.08px"> </div>includes the<div style="display:inline-block;width:5.13px"> </div>carrying amounts<div style="display:inline-block;width:5.24px"> </div>of financial instruments<div style="display:inline-block;width:5.66px"> </div>recognized on<div style="display:inline-block;width:5.62px"> </div>the balance </div><div id="a163830" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:96.3px;">sheet subject to credit risk<div style="display:inline-block;width:2.07px"> </div>and the notional amounts for off-balance sheet arrangements. Where information is available, </div><div id="a163833" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:111.5px;">collateral is presented at fair<div style="display:inline-block;width:5.47px"> </div>value. For other collateral, such<div style="display:inline-block;width:5.3px"> </div>as real estate, a<div style="display:inline-block;width:5.1px"> </div>reasonable alternative<div style="display:inline-block;width:5.04px"> </div>value is used. Credit </div><div id="a163838" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:127.1px;">enhancements,<div style="display:inline-block;width:6.13px"> </div>such<div style="display:inline-block;width:5.93px"> </div>as<div style="display:inline-block;width:5.72px"> </div>credit<div style="display:inline-block;width:5.5px"> </div>derivative<div style="display:inline-block;width:5.9px"> </div>contracts<div style="display:inline-block;width:5.74px"> </div>and<div style="display:inline-block;width:6.08px"> </div>guarantees,<div style="display:inline-block;width:6.13px"> </div>are<div style="display:inline-block;width:5.76px"> </div>included<div style="display:inline-block;width:6.07px"> </div>at<div style="display:inline-block;width:5.05px"> </div>their<div style="display:inline-block;width:5.47px"> </div>notional<div style="display:inline-block;width:6.12px"> </div>amounts.<div style="display:inline-block;width:6.13px"> </div>Both<div style="display:inline-block;width:5.66px"> </div>are </div><div id="a163839" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:142.3px;">capped<div style="display:inline-block;width:5.13px"> </div>at the<div style="display:inline-block;width:5.68px"> </div>maximum exposure<div style="display:inline-block;width:6.33px"> </div>to credit<div style="display:inline-block;width:5.66px"> </div>risk for<div style="display:inline-block;width:5.94px"> </div>which they<div style="display:inline-block;width:5.83px"> </div>serve as<div style="display:inline-block;width:5.99px"> </div>security. The<div style="display:inline-block;width:6.74px"> </div>“Risk<div style="display:inline-block;width:5.08px"> </div>management and<div style="display:inline-block;width:6.33px"> </div>control” </div><div id="a163842" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:157.9px;">section of this<div style="display:inline-block;width:5.45px"> </div>report describes<div style="display:inline-block;width:6.01px"> </div>management’s view<div style="display:inline-block;width:5.4px"> </div>of credit<div style="display:inline-block;width:5.18px"> </div>risk and<div style="display:inline-block;width:5.75px"> </div>the related exposures,<div style="display:inline-block;width:6.66px"> </div>which can differ<div style="display:inline-block;width:5.02px"> </div>in certain </div><div id="a163845" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:173px;">respects from the requirements of International<div style="display:inline-block;width:5.74px"> </div>Financial Reporting Standards<div style="display:inline-block;width:5.34px"> </div>(IFRS).</div></div><div id="TextBlockContainer1378" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:704px;height:759px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1376_XBRL_TS_c24e850b8e3f43d387aebdc9a0e4d9c7" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1377" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:704px;height:759px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a163853" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Maximum exposure to credit<div style="display:inline-block;width:4.28px"> </div>risk<div style="display:inline-block;width:2.93px"> </div></div><div id="a163862" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:439.475px;top:13.4px;">31.12.22 </div><div id="a163867" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:358.102px;top:26.2px;">Collateral</div><div id="a163868" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:393.128px;top:26.8px;">1,2</div><div id="a163871" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:519.462px;top:26.2px;">Credit enhancements</div><div id="a163872" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:596.582px;top:26.8px;">1</div><div id="a163874" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:647.208px;top:26.6px;">Exposure to </div><div id="a163875" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:654.808px;top:38.5px;">credit risk </div><div id="a163876" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:637.755px;top:49.8px;">after collateral </div><div id="a163877" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:653.862px;top:61.7px;">and credit </div><div id="a163878" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:637.755px;top:73.5px;">enhancements </div><div id="a163880" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:73.5px;">USD bn </div><div id="a163883" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:236.035px;top:49.8px;">Maximum </div><div id="a163884" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:229.848px;top:61.7px;">exposure to </div><div id="a163885" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:236.982px;top:73.5px;">credit risk </div><div id="a163887" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:308.422px;top:49.8px;">Cash </div><div id="a163888" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:293.288px;top:61.7px;">collateral </div><div id="a163889" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:296.595px;top:73.5px;">received </div><div id="a163891" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:333.488px;top:38.5px;">Collateralized </div><div id="a163892" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:333.955px;top:49.8px;">by equity and </div><div id="a163893" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:366.622px;top:61.7px;">debt </div><div id="a163894" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:340.608px;top:73.5px;">instruments </div><div id="a163896" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:393.608px;top:61.7px;">Secured by </div><div id="a163897" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:395.502px;top:73.5px;">real estate </div><div id="a163899" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:459.368px;top:61.7px;">Other </div><div id="a163900" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:444.235px;top:73.5px;">collateral</div><div id="a163901" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:477.342px;top:74.1px;">3</div><div id="a163904" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:499.595px;top:73.5px;">Netting </div><div id="a163906" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:557.795px;top:49.8px;">Credit </div><div id="a163907" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:544.528px;top:61.7px;">derivative </div><div id="a163908" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:546.422px;top:73.5px;">contracts </div><div id="a163911" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.955px;top:73.5px;">Guarantees<div style="display:inline-block;width:2.82px"> </div></div><div id="a163913" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:85.8px;">Financial assets measured at<div style="display:inline-block;width:3.38px"> </div></div><div id="a163915" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:97.6px;">amortized cost on the balance sheet </div><div id="a163928" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:110.4px;">Cash and balances at central banks </div><div id="a163931_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:250.688px;top:110.4px;">169.4</div><div id="a163942_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:668.528px;top:110.4px;">169.4</div><div id="a163945" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:123.6px;">Loans and advances to banks</div><div id="a163947" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:110.142px;top:124.3px;">4</div><div id="a163950_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:255.422px;top:123.6px;">14.7</div><div id="a163954_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:370.875px;top:123.6px;">0.0</div><div id="a163962_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:619.315px;top:123.6px;">0.1</div><div id="a163965_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:673.248px;top:123.6px;">14.6</div><div id="a163968" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:136.4px;">Receivables from securities financing transactions </div><div id="a163969" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:148.2px;">measured at amortized cost </div><div id="a163972_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:255.422px;top:142.6px;">67.8</div><div id="a163975_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:314.102px;top:142.6px;">0.0</div><div id="a163978_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:366.142px;top:142.6px;">64.5</div><div id="a163982_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:467.888px;top:142.6px;">2.4</div><div id="a163989_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:677.982px;top:142.6px;">0.9</div><div id="a163992" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:161.5px;">Cash collateral receivables on derivative<div style="display:inline-block;width:3.86px"> </div>instruments</div><div id="a163993" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:192.968px;top:162.1px;">5,6</div><div id="a163996_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:255.422px;top:161.5px;">35.0</div><div id="a164004_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:509.528px;top:161.5px;">22.9</div><div id="a164009_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:673.248px;top:161.5px;">12.1</div><div id="a164012" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:174.3px;">Loans and advances to customers </div><div id="a164016_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:250.688px;top:174.3px;">390.0</div><div id="a164019_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:174.3px;">36.1</div><div id="a164022_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:361.422px;top:174.3px;">115.9</div><div id="a164025_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:174.3px;">197.8</div><div id="a164028_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:463.155px;top:174.3px;">19.6</div><div id="a164034_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:619.315px;top:174.3px;">3.0</div><div id="a164037_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:673.248px;top:174.3px;">17.6</div><div id="a164040" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:187.5px;">Other financial assets measured at amortized cost </div><div id="a164043_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:255.422px;top:187.5px;">53.4</div><div id="a164046_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:314.102px;top:187.5px;">0.1</div><div id="a164049_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:370.875px;top:187.5px;">0.5</div><div id="a164052_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:187.5px;">0.0</div><div id="a164055_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:467.888px;top:187.5px;">1.3</div><div id="a164062_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:673.248px;top:187.5px;">51.4</div><div id="a164065" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:199.8px;">Total financial assets<div style="display:inline-block;width:3.87px"> </div>measured at amortized cost </div><div id="a164068_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:250.688px;top:199.8px;">730.4</div><div id="a164071_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:199.8px;">36.2</div><div id="a164074_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:361.422px;top:199.8px;">181.0</div><div id="a164077_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:199.8px;">197.9</div><div id="a164080_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:463.155px;top:199.8px;">23.4</div><div id="a164084_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:509.528px;top:199.8px;">22.9</div><div id="a164087_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:567.262px;top:199.8px;">0.0</div><div id="a164090_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:619.315px;top:199.8px;">3.0</div><div id="a164093_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:668.528px;top:199.8px;">266.1</div><div id="a164096" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:212.6px;">Financial assets measured at<div style="display:inline-block;width:3.79px"> </div>fair value<div style="display:inline-block;width:2.45px"> </div></div><div id="a164098" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:224.4px;">through other comprehensive income – debt </div><div id="a164104_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:260.155px;top:224.4px;">2.2</div><div id="a164115_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:677.982px;top:224.4px;">2.2</div><div id="a164118" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:237.7px;">Total maximum exposure to<div style="display:inline-block;width:3.73px"> </div>credit risk<div style="display:inline-block;width:3px"> </div></div><div id="a164120" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:249px;">reflected on the balance sheet within<div style="display:inline-block;width:3.77px"> </div>the scope of ECL </div><div id="a164123_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:250.688px;top:249px;">732.6</div><div id="a164126_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:249px;">36.2</div><div id="a164129_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:361.422px;top:249px;">181.0</div><div id="a164132_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:249px;">197.9</div><div id="a164135_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:463.155px;top:249px;">23.4</div><div id="a164139_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:509.528px;top:249px;">22.9</div><div id="a164142_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:567.262px;top:249px;">0.0</div><div id="a164145_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:619.315px;top:249px;">3.0</div><div id="a164148_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:668.528px;top:249px;">268.3</div><div id="a164151" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:262.3px;">Guarantees</div><div id="a164152" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:44.854px;top:262.9px;">7</div><div id="a164155_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:255.422px;top:262.3px;">22.1</div><div id="a164158_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:314.102px;top:262.3px;">1.2</div><div id="a164161_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:370.875px;top:262.3px;">9.3</div><div id="a164164_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:262.3px;">0.1</div><div id="a164167_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:467.888px;top:262.3px;">2.0</div><div id="a164173_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:619.315px;top:262.3px;">1.8</div><div id="a164176_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:677.982px;top:262.3px;">7.7</div><div id="a164179" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:275px;">Loan commitments</div><div id="a164180" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:72.283px;top:275.7px;">7</div><div id="a164183_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:255.422px;top:275px;">39.9</div><div id="a164186_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:314.102px;top:275px;">0.2</div><div id="a164189_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:370.875px;top:275px;">3.1</div><div id="a164192_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:275px;">1.3</div><div id="a164195_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:467.888px;top:275px;">6.5</div><div id="a164200_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:567.262px;top:275px;">0.1</div><div id="a164203_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:619.315px;top:275px;">1.0</div><div id="a164206_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:673.248px;top:275px;">27.8</div><div id="a164209" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:288.3px;">Forward starting transactions,<div style="display:inline-block;width:4.04px"> </div>reverse repurchase </div><div id="a164211" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:300.1px;">and securities borrowing agreements </div><div id="a164214_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:260.155px;top:300.1px;">3.8</div><div id="a164218_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:370.875px;top:300.1px;">3.8</div><div id="a164227_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:677.982px;top:300.1px;">0.0</div><div id="a164230" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:312.9px;">Committed unconditionally revocable credit lines </div><div id="a164235_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:255.422px;top:312.9px;">43.6</div><div id="a164238_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:314.102px;top:312.9px;">0.2</div><div id="a164241_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:370.875px;top:312.9px;">8.2</div><div id="a164244_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:312.9px;">6.0</div><div id="a164247_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:467.888px;top:312.9px;">6.2</div><div id="a164253_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:619.315px;top:312.9px;">0.5</div><div id="a164256_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:673.248px;top:312.9px;">22.5</div><div id="a164259" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:325.2px;">Total maximum exposure to<div style="display:inline-block;width:3.73px"> </div>credit risk not<div style="display:inline-block;width:2.86px"> </div></div><div id="a164261" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:337px;">reflected on the balance sheet within<div style="display:inline-block;width:3.77px"> </div>the scope of ECL </div><div id="a164264_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:250.688px;top:337px;">109.4</div><div id="a164267_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:314.102px;top:337px;">1.6</div><div id="a164270_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:366.142px;top:337px;">24.4</div><div id="a164273_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:337px;">7.5</div><div id="a164276_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:463.155px;top:337px;">14.7</div><div id="a164280_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:514.262px;top:337px;">0.0</div><div id="a164283_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:567.262px;top:337px;">0.1</div><div id="a164286_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:619.315px;top:337px;">3.3</div><div id="a164289_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:673.248px;top:337px;">58.0</div><div id="a164306" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:439.475px;top:352.1px;">31.12.21 </div><div id="a164311" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:358.102px;top:364.5px;">Collateral</div><div id="a164312" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:392.662px;top:365.1px;">1,2</div><div id="a164315" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:364.5px;">Credit enhancements</div><div id="a164316" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:596.102px;top:365.1px;">1</div><div id="a164318" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.688px;top:365.4px;">Exposure to </div><div id="a164319" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.275px;top:377.2px;">credit risk </div><div id="a164320" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:638.222px;top:388.6px;">after collateral </div><div id="a164321" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.862px;top:400.4px;">and credit </div><div id="a164322" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:637.755px;top:412.2px;">enhancements </div><div id="a164324" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:412.2px;">USD bn </div><div id="a164327" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:236.982px;top:388.6px;">Maximum </div><div id="a164328" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:229.848px;top:400.4px;">exposure to </div><div id="a164329" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:237.448px;top:412.2px;">credit risk </div><div id="a164331" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:308.888px;top:388.6px;">Cash </div><div id="a164332" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:293.755px;top:400.4px;">collateral </div><div id="a164333" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:296.595px;top:412.2px;">received </div><div id="a164335" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:333.955px;top:377.2px;">Collateralized </div><div id="a164336" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:333.955px;top:388.6px;">by equity and </div><div id="a164337" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:400.4px;">debt </div><div id="a164338" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:340.608px;top:412.2px;">instruments </div><div id="a164340" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:393.608px;top:400.4px;">Secured by </div><div id="a164341" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:395.502px;top:412.2px;">real estate </div><div id="a164343" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.368px;top:400.4px;">Other </div><div id="a164344" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.235px;top:412.2px;">collateral</div><div id="a164345" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:476.875px;top:412.9px;">3</div><div id="a164348" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:499.595px;top:412.2px;">Netting </div><div id="a164350" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:557.795px;top:388.6px;">Credit </div><div id="a164351" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.995px;top:400.4px;">derivative </div><div id="a164352" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:546.422px;top:412.2px;">contracts </div><div id="a164355" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:590.435px;top:412.2px;">Guarantees<div style="display:inline-block;width:2.82px"> </div></div><div id="a164357" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:424.5px;">Financial assets measured at<div style="display:inline-block;width:3.38px"> </div></div><div id="a164359" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:436.3px;">amortized cost on the balance sheet </div><div id="a164372" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:449.1px;">Cash and balances at central banks </div><div id="a164375_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:250.688px;top:449.1px;">192.8</div><div id="a164386_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:449.1px;">192.8</div><div id="a164389" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:462.4px;">Loans and advances to banks</div><div id="a164390" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:110.142px;top:463px;">4</div><div id="a164393_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:255.422px;top:462.4px;">15.4</div><div id="a164397_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.355px;top:462.4px;">0.1</div><div id="a164405_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:619.782px;top:462.4px;">0.1</div><div id="a164408_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.248px;top:462.4px;">15.1</div><div id="a164411" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:475.1px;">Receivables from securities financing transactions </div><div id="a164412" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:487px;">measured at amortized cost </div><div id="a164415_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:255.422px;top:481.3px;">75.0</div><div id="a164418_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:314.568px;top:481.3px;">0.0</div><div id="a164421_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.142px;top:481.3px;">68.0</div><div id="a164425_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.355px;top:481.3px;">6.9</div><div id="a164432_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:678.448px;top:481.3px;">0.0</div><div id="a164435" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:499.7px;">Cash collateral receivables on derivative<div style="display:inline-block;width:3.86px"> </div>instruments</div><div id="a164436" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:192.968px;top:500.4px;">5,6</div><div id="a164439_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:255.422px;top:499.7px;">30.5</div><div id="a164447_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.528px;top:499.7px;">18.4</div><div id="a164452_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.248px;top:499.7px;">12.1</div><div id="a164455" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:513px;">Loans and advances to customers </div><div id="a164458_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:250.688px;top:513px;">398.7</div><div id="a164461_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:513px;">38.2</div><div id="a164464_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:361.422px;top:513px;">128.7</div><div id="a164467_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:411.582px;top:513px;">191.3</div><div id="a164470_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.155px;top:513px;">20.2</div><div id="a164476_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:619.782px;top:513px;">4.0</div><div id="a164479_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.248px;top:513px;">16.4</div><div id="a164482" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:525.8px;">Other financial assets measured at amortized cost </div><div id="a164485_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:255.422px;top:525.8px;">26.2</div><div id="a164488_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:314.568px;top:525.8px;">0.2</div><div id="a164491_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.355px;top:525.8px;">0.1</div><div id="a164494_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.502px;top:525.8px;">0.0</div><div id="a164497_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.355px;top:525.8px;">1.3</div><div id="a164504_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.248px;top:525.8px;">24.7</div><div id="a164507" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:538.5px;">Total financial assets<div style="display:inline-block;width:3.87px"> </div>measured at amortized cost </div><div id="a164510_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:250.688px;top:538.5px;">738.6</div><div id="a164513_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:538.5px;">38.4</div><div id="a164516_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:361.422px;top:538.5px;">196.9</div><div id="a164519_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:411.582px;top:538.5px;">191.3</div><div id="a164522_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.155px;top:538.5px;">28.4</div><div id="a164526_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.528px;top:538.5px;">18.4</div><div id="a164529_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:567.262px;top:538.5px;">0.0</div><div id="a164532_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:619.315px;top:538.5px;">4.0</div><div id="a164535_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:538.5px;">261.1</div><div id="a164538" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:551.3px;">Financial assets measured at<div style="display:inline-block;width:3.79px"> </div>fair value<div style="display:inline-block;width:2.45px"> </div></div><div id="a164540" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:563.1px;">through other comprehensive income – debt </div><div id="a164546_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:260.155px;top:563.1px;">8.8</div><div id="a164557_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:677.982px;top:563.1px;">8.8</div><div id="a164560" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:575.9px;">Total maximum exposure to<div style="display:inline-block;width:3.73px"> </div>credit risk<div style="display:inline-block;width:3px"> </div></div><div id="a164562" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:587.7px;">reflected on the balance sheet within<div style="display:inline-block;width:3.77px"> </div>the scope of ECL </div><div id="a164565_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:250.688px;top:587.7px;">747.5</div><div id="a164568_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:587.7px;">38.4</div><div id="a164571_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:361.422px;top:587.7px;">196.9</div><div id="a164574_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:411.582px;top:587.7px;">191.3</div><div id="a164577_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.155px;top:587.7px;">28.4</div><div id="a164581_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.528px;top:587.7px;">18.4</div><div id="a164584_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:567.262px;top:587.7px;">0.0</div><div id="a164587_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:619.315px;top:587.7px;">4.0</div><div id="a164590_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:587.7px;">270.0</div><div id="a164593" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:601px;">Guarantees</div><div id="a164594" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:44.854px;top:601.7px;">7</div><div id="a164597_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:255.422px;top:601px;">20.9</div><div id="a164600_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:314.568px;top:601px;">1.3</div><div id="a164603_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.355px;top:601px;">6.5</div><div id="a164606_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.502px;top:601px;">0.2</div><div id="a164609_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.355px;top:601px;">2.5</div><div id="a164615_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:619.782px;top:601px;">2.3</div><div id="a164618_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:678.448px;top:601px;">8.1</div><div id="a164621" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:613.8px;">Loan commitments</div><div id="a164622" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:72.283px;top:614.4px;">7</div><div id="a164625_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:255.422px;top:613.8px;">39.4</div><div id="a164628_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:314.568px;top:613.8px;">0.5</div><div id="a164631_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.355px;top:613.8px;">4.0</div><div id="a164634_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.502px;top:613.8px;">2.4</div><div id="a164637_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.355px;top:613.8px;">7.3</div><div id="a164642_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:567.728px;top:613.8px;">0.3</div><div id="a164645_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:619.782px;top:613.8px;">1.7</div><div id="a164648_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.248px;top:613.8px;">23.1</div><div id="a164651" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:627px;">Forward starting transactions,<div style="display:inline-block;width:4.04px"> </div>reverse repurchase </div><div id="a164653" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:638.4px;">and securities borrowing agreements </div><div id="a164656_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:260.622px;top:638.4px;">1.4</div><div id="a164660_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.355px;top:638.4px;">1.4</div><div id="a164669_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:678.448px;top:638.4px;">0.0</div><div id="a164672" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:651.6px;">Committed unconditionally revocable credit lines </div><div id="a164675_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:255.422px;top:651.6px;">42.3</div><div id="a164678_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:314.568px;top:651.6px;">0.3</div><div id="a164681_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.355px;top:651.6px;">9.0</div><div id="a164684_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.502px;top:651.6px;">6.2</div><div id="a164687_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.355px;top:651.6px;">3.9</div><div id="a164693_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:619.782px;top:651.6px;">0.5</div><div id="a164696_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.248px;top:651.6px;">22.5</div><div id="a164699" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:663.9px;">Total maximum exposure to<div style="display:inline-block;width:3.73px"> </div>credit risk not<div style="display:inline-block;width:2.86px"> </div></div><div id="a164701" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:675.8px;">reflected on the balance sheet within<div style="display:inline-block;width:3.77px"> </div>the scope of ECL </div><div id="a164704_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:250.688px;top:675.8px;">104.1</div><div id="a164707_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:314.102px;top:675.8px;">2.2</div><div id="a164710_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.142px;top:675.8px;">20.9</div><div id="a164713_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.035px;top:675.8px;">8.7</div><div id="a164716_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.155px;top:675.8px;">13.7</div><div id="a164720_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:514.262px;top:675.8px;">0.0</div><div id="a164723_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:567.262px;top:675.8px;">0.3</div><div id="a164726_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:619.315px;top:675.8px;">4.5</div><div id="a164729_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.248px;top:675.8px;">53.7</div><div id="a164732" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:689.4px;">1 Of which: USD </div><div id="a164732_16_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:56.644px;top:689.4px;">1,372</div><div id="a164732_21_46" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:76.033px;top:689.4px;">m for 31 December 2022 (31 December<div style="display:inline-block;width:3.42px"> </div>2021: USD </div><div id="a164732_67_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:238.712px;top:689.4px;">1,443</div><div id="a164732_72_88" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:257.628px;top:689.4px;">m) relates to total credit-impaired financial<div style="display:inline-block;width:3.99px"> </div>assets measured at amortized cost and USD </div><div id="a164732_160_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:532.109px;top:689.4px;">113</div><div id="a164732_163_42" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:544.877px;top:689.4px;">m for 31 December 2022 (31 December<div style="display:inline-block;width:3.42px"> </div>2021: </div><div id="a164735" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:699.3px;">USD </div><div id="a164735_4_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.339px;top:699.3px;">130</div><div id="a164735_7_219" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:31.107px;top:699.3px;">m) to total off-balance sheet financial instruments and credit<div style="display:inline-block;width:3.44px"> </div>lines for credit-impaired positions.<div style="display:inline-block;width:8.4px"> </div>2 Collateral arrangements<div style="display:inline-block;width:3.64px"> </div>generally incorporate a range of collateral, including<div style="display:inline-block;width:3.47px"> </div>cash, equity and debt instruments, </div><div id="a164743" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:709.7px;">real estate and<div style="display:inline-block;width:3.65px"> </div>other collateral.<div style="display:inline-block;width:3.62px"> </div>UBS AG applies<div style="display:inline-block;width:3.78px"> </div>a risk-based<div style="display:inline-block;width:3.42px"> </div>approach that<div style="display:inline-block;width:3.48px"> </div>generally<div style="display:inline-block;width:3.39px"> </div>prioritizes collateral<div style="display:inline-block;width:3.76px"> </div>according to its<div style="display:inline-block;width:3.62px"> </div>liquidity profile.<div style="display:inline-block;width:11.02px"> </div>3 Includes but is<div style="display:inline-block;width:4.08px"> </div>not limited to life<div style="display:inline-block;width:4.23px"> </div>insurance contracts,<div style="display:inline-block;width:4.26px"> </div>inventory,<div style="display:inline-block;width:3.52px"> </div>mortgage </div><div id="a164749" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:719.6px;">loans, gold<div style="display:inline-block;width:3.62px"> </div>and other<div style="display:inline-block;width:3.63px"> </div>commodities.<div style="display:inline-block;width:11.63px"> </div>4 Loans<div style="display:inline-block;width:3.42px"> </div>and advances<div style="display:inline-block;width:4.26px"> </div>to banks<div style="display:inline-block;width:3.63px"> </div>include amounts<div style="display:inline-block;width:4.4px"> </div>held with third<div style="display:inline-block;width:2.15px"> </div>-party banks<div style="display:inline-block;width:3.69px"> </div>on behalf<div style="display:inline-block;width:3.95px"> </div>of clients.<div style="display:inline-block;width:3.63px"> </div>The credit<div style="display:inline-block;width:4.42px"> </div>risk associated<div style="display:inline-block;width:4.1px"> </div>with these<div style="display:inline-block;width:3.79px"> </div>balances may<div style="display:inline-block;width:4.11px"> </div>be borne<div style="display:inline-block;width:3.78px"> </div>by those clients.<div style="display:inline-block;width:8.36px"> </div></div><div id="a164755" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:730px;">5 Included within Cash<div style="display:inline-block;width:3.81px"> </div>collateral receivables<div style="display:inline-block;width:4.24px"> </div>on derivative<div style="display:inline-block;width:3.44px"> </div>instruments are<div style="display:inline-block;width:3.62px"> </div>margin balances<div style="display:inline-block;width:3.79px"> </div>due from exchanges<div style="display:inline-block;width:3.95px"> </div>or clearing houses.<div style="display:inline-block;width:4.36px"> </div>Some of these<div style="display:inline-block;width:3.93px"> </div>margin balances<div style="display:inline-block;width:3.38px"> </div>reflect amounts<div style="display:inline-block;width:3.62px"> </div>transferred on<div style="display:inline-block;width:3.47px"> </div>behalf of clients<div style="display:inline-block;width:3.95px"> </div>who </div><div id="a164761" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:740px;">retain the associated<div style="display:inline-block;width:3.48px"> </div>credit risk.<div style="display:inline-block;width:9.62px"> </div>6 The amount<div style="display:inline-block;width:3.55px"> </div>shown in the<div style="display:inline-block;width:3.47px"> </div>“Netting” column represents<div style="display:inline-block;width:3.96px"> </div>the netting<div style="display:inline-block;width:3.47px"> </div>potential not recognized<div style="display:inline-block;width:3.77px"> </div>on the balance sheet.<div style="display:inline-block;width:4.44px"> </div>Refer to Note 21<div style="display:inline-block;width:3.45px"> </div>for more information.<div style="display:inline-block;width:10.44px"> </div>7 The amount<div style="display:inline-block;width:3.96px"> </div>shown in </div><div id="a164769" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:750.4px;">the “Guarantees” column includes<div style="display:inline-block;width:3.97px"> </div>sub-participations.</div></div></div></div><div id="TextBlockContainer1380" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:115px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a164811" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">e) Financial assets subject to credit risk<div style="display:inline-block;width:5.18px"> </div>by rating category </div><div id="a164816" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.8px;">The table below shows the credit quality and the maximum exposure<div style="display:inline-block;width:5.18px"> </div>to credit risk based on the UBS AG’s internal credit </div><div id="a164819" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.9px;">rating system and<div style="display:inline-block;width:5.87px"> </div>year-end stage<div style="display:inline-block;width:5.39px"> </div>classification. Under<div style="display:inline-block;width:5.76px"> </div>IFRS 9,<div style="display:inline-block;width:5.04px"> </div>the credit risk<div style="display:inline-block;width:5.14px"> </div>rating reflects<div style="display:inline-block;width:5.29px"> </div>the UBS<div style="display:inline-block;width:5.31px"> </div>AG’s assessment<div style="display:inline-block;width:5.16px"> </div>of </div><div id="a164828" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:58.5px;">the<div style="display:inline-block;width:6.67px"> </div>probability<div style="display:inline-block;width:6.92px"> </div>of<div style="display:inline-block;width:6.67px"> </div>default<div style="display:inline-block;width:7.12px"> </div>of<div style="display:inline-block;width:6.67px"> </div>individual<div style="display:inline-block;width:6.86px"> </div>counterparties,<div style="display:inline-block;width:7.17px"> </div>prior<div style="display:inline-block;width:7.09px"> </div>to<div style="display:inline-block;width:6.67px"> </div>substitutions.<div style="display:inline-block;width:7.32px"> </div>The<div style="display:inline-block;width:6.82px"> </div>amounts<div style="display:inline-block;width:6.97px"> </div>presented<div style="display:inline-block;width:7.21px"> </div>are<div style="display:inline-block;width:6.71px"> </div>gross<div style="display:inline-block;width:7.21px"> </div>of </div><div id="a164839" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:73.7px;">impairment allowances. </div><div id="a164841" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:85.3px;">›</div><div id="a164842" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:85.6px;"> </div><div id="a164843" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:90.2px;">Refer to the “Risk<div style="display:inline-block;width:1.45px"> </div>management and<div style="display:inline-block;width:1.21px"> </div>control” section of<div style="display:inline-block;width:1.69px"> </div>this report for more<div style="display:inline-block;width:1.54px"> </div>details<div style="display:inline-block;width:2.09px"> </div>regarding the UBS AG’s internal<div style="display:inline-block;width:1.07px"> </div>grading </div><div id="a164856" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:104.9px;">system</div></div><div id="TextBlockContainer1384" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:401px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1382_XBRL_TS_18bc932d5f6b408286dd98f992578487" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1383" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:401px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a164859" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Financial assets subject to credit risk by<div style="display:inline-block;width:4.27px"> </div>rating category </div><div id="a164861" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:14.4px;">USD m </div><div id="a164864" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:446.608px;top:14.4px;">31.12.22 </div><div id="a164866" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:73.5px;">Rating category</div><div id="a164867" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:60.932px;top:74.1px;">1</div><div id="a164870" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:271.035px;top:73.5px;">0–1 </div><div id="a164874" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:313.622px;top:73.5px;">2–3 </div><div id="a164878" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:356.688px;top:73.5px;">4–5 </div><div id="a164882" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:399.755px;top:73.5px;">6–8 </div><div id="a164886" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.062px;top:73.5px;">9–13 </div><div id="a164890" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:489.168px;top:50.3px;">Credit-</div><div id="a164892" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:482.542px;top:62.1px;">impaired </div><div id="a164893" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:474.502px;top:73.5px;">(defaulted) </div><div id="a164895" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:522.768px;top:50.3px;">Total gross </div><div id="a164896" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:533.648px;top:62.1px;">carrying </div><div id="a164897" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:534.595px;top:73.5px;">amount </div><div id="a164899" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.582px;top:62.1px;">ECL </div><div id="a164900" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:570.102px;top:73.5px;">allowances </div><div id="a164902" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:634.448px;top:26.7px;">Net carrying </div><div id="a164903" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:650.515px;top:38.5px;">amount </div><div id="a164904" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:640.595px;top:50.3px;">(maximum </div><div id="a164905" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:636.328px;top:62.1px;">exposure to </div><div id="a164906" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:641.062px;top:73.5px;">credit risk) </div><div id="a164908" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:85.8px;">Financial assets measured at amortized<div style="display:inline-block;width:3.86px"> </div>cost </div><div id="a164920" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:98.6px;">Cash and balances at central banks </div><div id="a164923_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:254.475px;top:98.6px;">168,525</div><div id="a164926_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:313.622px;top:98.6px;">877</div><div id="a164929_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:98.6px;">0</div><div id="a164932_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:409.688px;top:98.6px;">0</div><div id="a164935_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.022px;top:98.6px;">56</div><div id="a164938_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.528px;top:98.6px;">0</div><div id="a164941_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.288px;top:98.6px;">169,457</div><div id="a164944_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:98.6px;display:flex;">(12)</div><div id="a164947_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.688px;top:98.6px;">169,445</div><div id="a164950" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:110.9px;">of which: stage 1 </div><div id="a164953_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:254.475px;top:110.9px;">168,525</div><div id="a164956_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:313.622px;top:110.9px;">877</div><div id="a164959_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:110.9px;">0</div><div id="a164962_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:110.9px;">0</div><div id="a164965_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:110.9px;">0</div><div id="a164968_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:110.9px;">0</div><div id="a164971_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:531.288px;top:110.9px;">169,402</div><div id="a164974_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:605.595px;top:110.9px;">0</div><div id="a164977_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:647.688px;top:110.9px;">169,402</div><div id="a164980" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:123.6px;">of which: stage 2 </div><div id="a164983_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:280.955px;top:123.6px;">0</div><div id="a164986_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:123.6px;">0</div><div id="a164989_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:123.6px;">0</div><div id="a164992_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:123.6px;">0</div><div id="a164995_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:448.022px;top:123.6px;">56</div><div id="a164998_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:123.6px;">0</div><div id="a165001_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:553.075px;top:123.6px;">56</div><div id="a165004_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:595.635px;top:123.6px;display:flex;">(12)</div><div id="a165007_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.475px;top:123.6px;">44</div><div id="a165010" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:136px;">Loans and advances to banks </div><div id="a165013_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:271.035px;top:136px;">862</div><div id="a165016_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:301.795px;top:136px;">11,150</div><div id="a165019_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:136px;">832</div><div id="a165022_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:399.755px;top:136px;">996</div><div id="a165025_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:442.822px;top:136px;">837</div><div id="a165028_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.528px;top:136px;">0</div><div id="a165031_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.008px;top:136px;">14,676</div><div id="a165034_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.862px;top:136px;display:flex;">(6)</div><div id="a165037_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.448px;top:136px;">14,671</div><div id="a165040" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:148.7px;">of which: stage 1 </div><div id="a165043_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:271.035px;top:148.7px;">862</div><div id="a165046_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:301.795px;top:148.7px;">11,150</div><div id="a165049_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:356.688px;top:148.7px;">832</div><div id="a165052_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.755px;top:148.7px;">996</div><div id="a165055_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:148.7px;">836</div><div id="a165058_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:148.7px;">0</div><div id="a165061_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:536.008px;top:148.7px;">14,675</div><div id="a165064_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:600.395px;top:148.7px;display:flex;">(5)</div><div id="a165067_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:652.448px;top:148.7px;">14,670</div><div id="a165070" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:161.5px;">of which: stage 2 </div><div id="a165073_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:280.955px;top:161.5px;">0</div><div id="a165076_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:161.5px;">0</div><div id="a165079_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:161.5px;">0</div><div id="a165082_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:161.5px;">0</div><div id="a165085_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:161.5px;">1</div><div id="a165088_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:161.5px;">0</div><div id="a165091_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:557.795px;top:161.5px;">1</div><div id="a165094_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:600.395px;top:161.5px;display:flex;">(1)</div><div id="a165097_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:674.195px;top:161.5px;">1</div><div id="a165100" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:174.7px;">of which: stage 3 </div><div id="a165103_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:280.955px;top:174.7px;">0</div><div id="a165106_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:174.7px;">0</div><div id="a165109_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:174.7px;">0</div><div id="a165112_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:174.7px;">0</div><div id="a165115_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:174.7px;">0</div><div id="a165118_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:174.7px;">0</div><div id="a165121_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:557.795px;top:174.7px;">0</div><div id="a165124_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:605.595px;top:174.7px;">0</div><div id="a165127_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:674.195px;top:174.7px;">0</div><div id="a165130" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:187px;">Receivables from securities<div style="display:inline-block;width:3.89px"> </div>financing transactions measured at </div><div id="a165131" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:198.4px;">amortized cost </div><div id="a165134_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:259.208px;top:198.4px;">27,158</div><div id="a165137_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:301.795px;top:198.4px;">15,860</div><div id="a165140_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:349.595px;top:198.4px;">8,870</div><div id="a165143_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.902px;top:198.4px;">15,207</div><div id="a165146_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:442.822px;top:198.4px;">721</div><div id="a165149_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.528px;top:198.4px;">0</div><div id="a165152_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.008px;top:198.4px;">67,816</div><div id="a165155_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.862px;top:198.4px;display:flex;">(2)</div><div id="a165158_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.448px;top:198.4px;">67,814</div><div id="a165161" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:211.2px;">of which: stage 1 </div><div id="a165164_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:259.208px;top:211.2px;">27,158</div><div id="a165167_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:301.795px;top:211.2px;">15,860</div><div id="a165170_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:349.595px;top:211.2px;">8,870</div><div id="a165173_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:387.902px;top:211.2px;">15,207</div><div id="a165176_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:211.2px;">721</div><div id="a165179_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:211.2px;">0</div><div id="a165182_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:536.008px;top:211.2px;">67,816</div><div id="a165185_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:600.395px;top:211.2px;display:flex;">(2)</div><div id="a165188_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:652.448px;top:211.2px;">67,814</div><div id="a165191" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:223.5px;">Cash collateral receivables on<div style="display:inline-block;width:3.94px"> </div>derivative instruments </div><div id="a165195_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:259.208px;top:223.5px;">10,613</div><div id="a165198_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:301.795px;top:223.5px;">12,978</div><div id="a165201_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:349.595px;top:223.5px;">7,138</div><div id="a165204_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:223.5px;">4,157</div><div id="a165207_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:442.822px;top:223.5px;">147</div><div id="a165210_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.528px;top:223.5px;">0</div><div id="a165213_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.008px;top:223.5px;">35,034</div><div id="a165216_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.595px;top:223.5px;">0</div><div id="a165219_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.448px;top:223.5px;">35,033</div><div id="a165222" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:235.8px;">of which: stage 1 </div><div id="a165225_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:259.208px;top:235.8px;">10,613</div><div id="a165228_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:301.795px;top:235.8px;">12,978</div><div id="a165231_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:349.595px;top:235.8px;">7,138</div><div id="a165234_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:235.8px;">4,157</div><div id="a165237_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:235.8px;">147</div><div id="a165240_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:235.8px;">0</div><div id="a165243_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:536.008px;top:235.8px;">35,034</div><div id="a165246_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:605.595px;top:235.8px;">0</div><div id="a165249_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:652.448px;top:235.8px;">35,033</div><div id="a165252" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:248.1px;">Loans and advances to customers </div><div id="a165255_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:263.942px;top:248.1px;">6,491</div><div id="a165258_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:297.075px;top:248.1px;">216,824</div><div id="a165261_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.862px;top:248.1px;">68,444</div><div id="a165264_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.902px;top:248.1px;">76,147</div><div id="a165267_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.968px;top:248.1px;">20,891</div><div id="a165270_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:492.475px;top:248.1px;">2,012</div><div id="a165273_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.288px;top:248.1px;">390,810</div><div id="a165276_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:590.902px;top:248.1px;display:flex;">(783)</div><div id="a165279_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.688px;top:248.1px;">390,027</div><div id="a165282" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:260.4px;">of which: stage 1 </div><div id="a165285_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:263.942px;top:260.4px;">6,491</div><div id="a165288_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:297.075px;top:260.4px;">215,332</div><div id="a165291_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.862px;top:260.4px;">66,202</div><div id="a165294_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:387.902px;top:260.4px;">69,450</div><div id="a165297_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:430.968px;top:260.4px;">15,557</div><div id="a165300_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:260.4px;">0</div><div id="a165303_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:531.288px;top:260.4px;">373,032</div><div id="a165306_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:590.902px;top:260.4px;display:flex;">(129)</div><div id="a165309_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:647.688px;top:260.4px;">372,903</div><div id="a165312" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:273.6px;">of which: stage 2 </div><div id="a165315_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:280.955px;top:273.6px;">0</div><div id="a165318_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:306.528px;top:273.6px;">1,493</div><div id="a165321_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:349.595px;top:273.6px;">2,242</div><div id="a165324_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:273.6px;">6,698</div><div id="a165327_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:273.6px;">5,334</div><div id="a165330_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:273.6px;">0</div><div id="a165333_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:536.008px;top:273.6px;">15,767</div><div id="a165336_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:590.902px;top:273.6px;display:flex;">(180)</div><div id="a165339_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:652.448px;top:273.6px;">15,587</div><div id="a165342" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:286.4px;">of which: stage 3 </div><div id="a165345_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:280.955px;top:286.4px;">0</div><div id="a165348_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:286.4px;">0</div><div id="a165351_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:286.4px;">0</div><div id="a165354_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:286.4px;">0</div><div id="a165357_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:286.4px;">0</div><div id="a165360_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.475px;top:286.4px;">2,012</div><div id="a165363_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:540.742px;top:286.4px;">2,012</div><div id="a165366_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:590.902px;top:286.4px;display:flex;">(474)</div><div id="a165369_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:657.168px;top:286.4px;">1,538</div><div id="a165372" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:298.7px;">Other financial assets measured at<div style="display:inline-block;width:3.94px"> </div>amortized cost </div><div id="a165375_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:259.208px;top:298.7px;">29,011</div><div id="a165378_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:301.795px;top:298.7px;">16,649</div><div id="a165381_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:298.7px;">447</div><div id="a165384_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:298.7px;">6,708</div><div id="a165387_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:442.822px;top:298.7px;">450</div><div id="a165390_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:499.595px;top:298.7px;">210</div><div id="a165393_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.008px;top:298.7px;">53,475</div><div id="a165396_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:298.7px;display:flex;">(86)</div><div id="a165399_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.448px;top:298.7px;">53,389</div><div id="a165402" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:311px;">of which: stage 1 </div><div id="a165405_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:259.208px;top:311px;">29,011</div><div id="a165408_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:301.795px;top:311px;">16,646</div><div id="a165411_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:356.688px;top:311px;">427</div><div id="a165414_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:311px;">6,426</div><div id="a165417_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:311px;">336</div><div id="a165420_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:311px;">0</div><div id="a165423_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:536.008px;top:311px;">52,846</div><div id="a165426_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:595.635px;top:311px;display:flex;">(17)</div><div id="a165429_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:652.448px;top:311px;">52,829</div><div id="a165432" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:324.2px;">of which: stage 2 </div><div id="a165435_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:280.955px;top:324.2px;">0</div><div id="a165438_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:324.2px;">2</div><div id="a165441_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:361.888px;top:324.2px;">20</div><div id="a165444_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.755px;top:324.2px;">283</div><div id="a165447_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:324.2px;">114</div><div id="a165450_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:324.2px;">0</div><div id="a165453_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:547.875px;top:324.2px;">419</div><div id="a165456_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:600.395px;top:324.2px;display:flex;">(6)</div><div id="a165459_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:324.2px;">413</div><div id="a165462" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:337px;">of which: stage 3 </div><div id="a165465_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:280.955px;top:337px;">0</div><div id="a165468_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:337px;">0</div><div id="a165471_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:337px;">0</div><div id="a165474_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:337px;">0</div><div id="a165477_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:337px;">0</div><div id="a165480_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:499.595px;top:337px;">210</div><div id="a165483_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:547.875px;top:337px;">210</div><div id="a165486_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:595.635px;top:337px;display:flex;">(63)</div><div id="a165489_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:337px;">147</div><div id="a165492" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:349.8px;">Total financial assets<div style="display:inline-block;width:3.87px"> </div>measured at amortized cost </div><div id="a165495_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:254.475px;top:349.8px;">242,660</div><div id="a165498_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:297.075px;top:349.8px;">274,337</div><div id="a165501_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:344.862px;top:349.8px;">85,731</div><div id="a165504_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.168px;top:349.8px;">103,216</div><div id="a165507_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:430.968px;top:349.8px;">23,102</div><div id="a165510_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:492.475px;top:349.8px;">2,222</div><div id="a165513_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:531.288px;top:349.8px;">731,269</div><div id="a165516_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:590.902px;top:349.8px;display:flex;">(890)</div><div id="a165519_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:647.688px;top:349.8px;">730,379</div><div id="a165522" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:362.6px;">On-balance sheet financial instruments </div><div id="a165536" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:376.8px;">Financial assets measured at FVOCI<div style="display:inline-block;width:4.1px"> </div>– debt instruments </div><div id="a165543_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:263.942px;top:376.8px;">1,307</div><div id="a165546_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:313.622px;top:376.8px;">840</div><div id="a165549_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:376.8px;">0</div><div id="a165552_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:404.955px;top:376.8px;">92</div><div id="a165555_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:452.755px;top:376.8px;">0</div><div id="a165558_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.528px;top:376.8px;">0</div><div id="a165561_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:540.742px;top:376.8px;">2,239</div><div id="a165564_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.595px;top:376.8px;">0</div><div id="a165567_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:376.8px;">2,239</div><div id="a165570" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:390.5px;">Total on-balance<div style="display:inline-block;width:3.77px"> </div>sheet financial instruments </div><div id="a165575_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:254.475px;top:390.5px;">243,966</div><div id="a165578_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:297.075px;top:390.5px;">275,178</div><div id="a165581_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:344.862px;top:390.5px;">85,731</div><div id="a165584_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.168px;top:390.5px;">103,308</div><div id="a165587_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:430.968px;top:390.5px;">23,102</div><div id="a165590_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:492.475px;top:390.5px;">2,222</div><div id="a165593_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:531.288px;top:390.5px;">733,508</div><div id="a165596_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:590.902px;top:390.5px;display:flex;">(890)</div><div id="a165599_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:647.688px;top:390.5px;">732,618</div></div></div></div><div id="TextBlockContainer1388" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:373px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1386_XBRL_TS_beadc8beab2a4dc4b8e7f5c36f5c37af" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1387" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:373px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a165603" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Off-balance sheet positions subject to expected<div style="display:inline-block;width:4.55px"> </div>credit loss by rating category </div><div id="a165608" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:14.3px;">USD m </div><div id="a165611" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:466.942px;top:14.3px;">31.12.22 </div><div id="a165613" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:85.3px;">Rating category</div><div id="a165614" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:60.932px;top:85.9px;">1</div><div id="a165617" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:313.622px;top:85.3px;">0–1 </div><div id="a165621" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:356.688px;top:85.3px;">2–3 </div><div id="a165625" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:399.755px;top:85.3px;">4–5 </div><div id="a165629" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:442.822px;top:85.3px;">6–8 </div><div id="a165633" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:481.128px;top:85.3px;">9–13 </div><div id="a165637" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:532.235px;top:61.7px;">Credit-</div><div id="a165639" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.608px;top:73.5px;">impaired </div><div id="a165641" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:517.568px;top:85.3px;">(defaulted) </div><div id="a165643" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:584.288px;top:26.7px;">Total off- </div><div id="a165646" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:567.728px;top:38.5px;">balance sheet </div><div id="a165647" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:585.222px;top:49.8px;">exposure </div><div id="a165649" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:579.555px;top:61.7px;">(maximum </div><div id="a165650" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:575.302px;top:73.5px;">exposure to </div><div id="a165651" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:580.022px;top:85.3px;">credit risk) </div><div id="a165653" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:625.462px;top:85.3px;">ECL provisions </div><div id="a165655" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:97.6px;">Off-balance sheet financial instruments </div><div id="a165669" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:109.9px;">Guarantees<div style="display:inline-block;width:2.82px"> </div></div><div id="a165672_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:109.9px;">7,252</div><div id="a165675_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:349.595px;top:109.9px;">5,961</div><div id="a165678_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:109.9px;">4,772</div><div id="a165681_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.702px;top:109.9px;">3,049</div><div id="a165684_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:478.755px;top:109.9px;">1,025</div><div id="a165687_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:542.635px;top:109.9px;">108</div><div id="a165690_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:109.9px;">22,167</div><div id="a165693_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:109.9px;display:flex;">(48)</div><div id="a165696" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:122.2px;">of which: stage 1 </div><div id="a165699_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:306.528px;top:122.2px;">7,252</div><div id="a165702_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:349.595px;top:122.2px;">5,917</div><div id="a165705_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:122.2px;">3,812</div><div id="a165708_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:122.2px;">2,229</div><div id="a165711_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:122.2px;">596</div><div id="a165714_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:122.2px;">0</div><div id="a165717_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:591.382px;top:122.2px;">19,805</div><div id="a165720_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:122.2px;display:flex;">(13)</div><div id="a165723" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:135px;">of which: stage 2 </div><div id="a165726_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:135px;">0</div><div id="a165729_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:361.888px;top:135px;">44</div><div id="a165732_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.755px;top:135px;">960</div><div id="a165735_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:135px;">821</div><div id="a165738_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:135px;">429</div><div id="a165741_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:135px;">0</div><div id="a165744_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.102px;top:135px;">2,254</div><div id="a165747_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.048px;top:135px;display:flex;">(9)</div><div id="a165750" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:148.2px;">of which: stage 3 </div><div id="a165753_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:148.2px;">0</div><div id="a165756_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:148.2px;">0</div><div id="a165759_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:148.2px;">0</div><div id="a165762_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:148.2px;">0</div><div id="a165765_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:495.822px;top:148.2px;">0</div><div id="a165768_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:542.635px;top:148.2px;">108</div><div id="a165771_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.235px;top:148.2px;">108</div><div id="a165774_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:148.2px;display:flex;">(26)</div><div id="a165777" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:160.5px;">Irrevocable loan commitments </div><div id="a165780_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:160.5px;">1,770</div><div id="a165783_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.862px;top:160.5px;">14,912</div><div id="a165786_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:160.5px;">6,986</div><div id="a165789_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.968px;top:160.5px;">10,097</div><div id="a165792_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:478.755px;top:160.5px;">6,107</div><div id="a165795_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:542.635px;top:160.5px;">124</div><div id="a165798_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:160.5px;">39,996</div><div id="a165801_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.595px;top:160.5px;display:flex;">(111)</div><div id="a165804" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:172.8px;">of which: stage 1 </div><div id="a165807_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:306.528px;top:172.8px;">1,770</div><div id="a165810_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.862px;top:172.8px;">14,789</div><div id="a165813_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:172.8px;">6,818</div><div id="a165816_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:172.8px;">9,625</div><div id="a165819_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:478.755px;top:172.8px;">4,529</div><div id="a165822_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:172.8px;">0</div><div id="a165825_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:591.382px;top:172.8px;">37,531</div><div id="a165828_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:172.8px;display:flex;">(59)</div><div id="a165831" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:186.1px;">of which: stage 2 </div><div id="a165834_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:186.1px;">0</div><div id="a165837_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:356.688px;top:186.1px;">123</div><div id="a165840_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.755px;top:186.1px;">168</div><div id="a165843_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:186.1px;">472</div><div id="a165846_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:478.755px;top:186.1px;">1,578</div><div id="a165849_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:186.1px;">0</div><div id="a165852_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.102px;top:186.1px;">2,341</div><div id="a165855_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:186.1px;display:flex;">(52)</div><div id="a165858" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:198.9px;">of which: stage 3 </div><div id="a165862_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:198.9px;">0</div><div id="a165865_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:198.9px;">0</div><div id="a165868_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:198.9px;">0</div><div id="a165871_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:198.9px;">0</div><div id="a165874_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:495.822px;top:198.9px;">0</div><div id="a165877_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:542.635px;top:198.9px;">124</div><div id="a165880_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.235px;top:198.9px;">124</div><div id="a165883_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.248px;top:198.9px;">0</div><div id="a165886" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:211.2px;">Forward starting reverse repurchase<div style="display:inline-block;width:4.41px"> </div>and securities borrowing agreements </div><div id="a165889_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:211.2px;">2,781</div><div id="a165892_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:211.2px;">2</div><div id="a165895_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:404.955px;top:211.2px;">11</div><div id="a165898_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.702px;top:211.2px;">1,007</div><div id="a165901_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:495.822px;top:211.2px;">0</div><div id="a165904_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:552.595px;top:211.2px;">0</div><div id="a165907_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:211.2px;">3,801</div><div id="a165910_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.248px;top:211.2px;">0</div><div id="a165913" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:223.9px;">Total off-balance sheet<div style="display:inline-block;width:3.78px"> </div>financial instruments </div><div id="a165918_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:301.795px;top:223.9px;">11,803</div><div id="a165921_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:344.862px;top:223.9px;">20,874</div><div id="a165924_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:387.902px;top:223.9px;">11,769</div><div id="a165927_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:430.968px;top:223.9px;">14,153</div><div id="a165930_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:478.755px;top:223.9px;">7,132</div><div id="a165933_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:542.635px;top:223.9px;">233</div><div id="a165936_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:223.9px;">65,964</div><div id="a165939_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:658.595px;top:223.9px;display:flex;">(159)</div><div id="a165942" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:236.7px;">Credit lines </div><div id="a165953" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:249px;">Committed unconditionally revocable<div style="display:inline-block;width:3.72px"> </div>credit lines </div><div id="a165956_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:249px;">2,288</div><div id="a165959_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.862px;top:249px;">16,483</div><div id="a165962_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:249px;">9,247</div><div id="a165965_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.968px;top:249px;">11,885</div><div id="a165968_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:478.755px;top:249px;">3,739</div><div id="a165971_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:547.875px;top:249px;">36</div><div id="a165974_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:249px;">43,677</div><div id="a165977_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:249px;display:flex;">(40)</div><div id="a165980" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:261.3px;">of which: stage 1 </div><div id="a165983_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:306.528px;top:261.3px;">2,288</div><div id="a165986_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.862px;top:261.3px;">15,777</div><div id="a165989_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:261.3px;">8,960</div><div id="a165992_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:430.968px;top:261.3px;">11,355</div><div id="a165995_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:478.755px;top:261.3px;">3,429</div><div id="a165998_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:261.3px;">0</div><div id="a166001_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:591.382px;top:261.3px;">41,809</div><div id="a166004_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:261.3px;display:flex;">(32)</div><div id="a166007" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:274.6px;">of which: stage 2 </div><div id="a166010_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:274.6px;">0</div><div id="a166013_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:356.688px;top:274.6px;">705</div><div id="a166016_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.755px;top:274.6px;">287</div><div id="a166019_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:274.6px;">531</div><div id="a166022_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:274.6px;">310</div><div id="a166025_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:274.6px;">0</div><div id="a166028_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.102px;top:274.6px;">1,833</div><div id="a166031_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.048px;top:274.6px;display:flex;">(8)</div><div id="a166034" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:287.3px;">of which: stage 3 </div><div id="a166037_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:287.3px;">0</div><div id="a166040_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:287.3px;">0</div><div id="a166043_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:287.3px;">0</div><div id="a166046_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:287.3px;">0</div><div id="a166049_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:495.822px;top:287.3px;">0</div><div id="a166052_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:547.875px;top:287.3px;">36</div><div id="a166055_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:287.3px;">36</div><div id="a166058_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.248px;top:287.3px;">0</div><div id="a166061" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:300.1px;">Irrevocable committed prolongation<div style="display:inline-block;width:3.85px"> </div>of existing loans </div><div id="a166064_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:323.555px;top:300.1px;">7</div><div id="a166067_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:349.595px;top:300.1px;">1,939</div><div id="a166070_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:300.1px;">1,489</div><div id="a166073_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:442.822px;top:300.1px;">868</div><div id="a166076_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.848px;top:300.1px;">392</div><div id="a166079_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:552.595px;top:300.1px;">2</div><div id="a166082_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:300.1px;">4,696</div><div id="a166085_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:300.1px;display:flex;">(2)</div><div id="a166088" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:312.4px;">of which: stage 1 </div><div id="a166091_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:312.4px;">7</div><div id="a166094_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:349.595px;top:312.4px;">1,938</div><div id="a166097_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:312.4px;">1,411</div><div id="a166100_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:312.4px;">864</div><div id="a166103_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:312.4px;">380</div><div id="a166106_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:312.4px;">0</div><div id="a166109_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.102px;top:312.4px;">4,600</div><div id="a166112_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.048px;top:312.4px;display:flex;">(2)</div><div id="a166115" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:325.2px;">of which: stage 2 </div><div id="a166118_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:325.2px;">0</div><div id="a166121_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:325.2px;">1</div><div id="a166124_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:404.955px;top:325.2px;">78</div><div id="a166127_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:325.2px;">4</div><div id="a166130_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:491.062px;top:325.2px;">11</div><div id="a166133_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:325.2px;">0</div><div id="a166136_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:325.2px;">94</div><div id="a166139_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.248px;top:325.2px;">0</div><div id="a166142" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:338.4px;">of which: stage 3 </div><div id="a166145_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:338.4px;">0</div><div id="a166148_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:338.4px;">0</div><div id="a166151_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:338.4px;">0</div><div id="a166154_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:338.4px;">0</div><div id="a166157_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:495.822px;top:338.4px;">0</div><div id="a166160_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:338.4px;">2</div><div id="a166163_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.155px;top:338.4px;">2</div><div id="a166166_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.248px;top:338.4px;">0</div><div id="a166169" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:350.7px;">Total credit lines </div><div id="a166172_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:306.528px;top:350.7px;">2,295</div><div id="a166175_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:344.862px;top:350.7px;">18,421</div><div id="a166178_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:387.902px;top:350.7px;">10,736</div><div id="a166181_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:430.968px;top:350.7px;">12,753</div><div id="a166184_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:478.755px;top:350.7px;">4,131</div><div id="a166187_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:547.875px;top:350.7px;">37</div><div id="a166190_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:350.7px;">48,373</div><div id="a166193_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:663.795px;top:350.7px;display:flex;">(42)</div><div id="a166196" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:364.3px;">1 Refer to the “Internal UBS rating<div style="display:inline-block;width:3.99px"> </div>scale and mapping of external<div style="display:inline-block;width:3.8px"> </div>ratings” table in the “Risk<div style="display:inline-block;width:3.66px"> </div>management and control”<div style="display:inline-block;width:3.86px"> </div>section of this report for more<div style="display:inline-block;width:3.45px"> </div>information on rating categories.</div></div></div></div><div id="TextBlockContainer1391" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:687px;height:387px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a166234" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Financial assets subject to credit risk by<div style="display:inline-block;width:4.27px"> </div>rating category </div><div id="a166236" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:15.8px;">USD m </div><div id="a166239" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.702px;top:15.8px;">31.12.21 </div><div id="a166241" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:76.3px;">Rating category</div><div id="a166242" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:60.932px;top:77px;">1</div><div id="a166245" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:253.528px;top:76.3px;">0–1 </div><div id="a166249" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:301.328px;top:76.3px;">2–3 </div><div id="a166253" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:348.648px;top:76.3px;">4–5 </div><div id="a166257" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.448px;top:76.3px;">6–8 </div><div id="a166261" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.422px;top:76.3px;">9–13 </div><div id="a166265" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:492.008px;top:53.2px;">Credit-</div><div id="a166267" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.382px;top:64.5px;">impaired </div><div id="a166268" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:477.342px;top:76.3px;">(defaulted) </div><div id="a166270" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.142px;top:53.2px;">Total gross </div><div id="a166271" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.542px;top:64.5px;">carrying </div><div id="a166272" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.488px;top:76.3px;">amount </div><div id="a166274" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.942px;top:64.5px;">ECL </div><div id="a166275" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.982px;top:76.3px;">allowances </div><div id="a166277" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.862px;top:29.5px;">Net carrying </div><div id="a166278" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:41.3px;">amount </div><div id="a166279" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:642.008px;top:53.2px;">(maximum </div><div id="a166280" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:637.275px;top:64.5px;">exposure to </div><div id="a166281" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:642.008px;top:76.3px;">credit risk) </div><div id="a166283" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:88.6px;">Financial assets measured at amortized<div style="display:inline-block;width:3.86px"> </div>cost </div><div id="a166295" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:100.9px;">Cash and balances at central banks </div><div id="a166298_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:236.982px;top:100.9px;">191,015</div><div id="a166301_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:294.235px;top:100.9px;">1,802</div><div id="a166304_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:358.582px;top:100.9px;">0</div><div id="a166307_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:406.368px;top:100.9px;">0</div><div id="a166310_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.115px;top:100.9px;">0</div><div id="a166313_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.902px;top:100.9px;">0</div><div id="a166316_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.182px;top:100.9px;">192,817</div><div id="a166319_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.488px;top:100.9px;">0</div><div id="a166322_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:648.635px;top:100.9px;">192,817</div><div id="a166325" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:113.7px;">of which: stage 1 </div><div id="a166328_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:236.982px;top:113.7px;">191,015</div><div id="a166331_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:294.235px;top:113.7px;">1,802</div><div id="a166334_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:358.582px;top:113.7px;">0</div><div id="a166337_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:406.368px;top:113.7px;">0</div><div id="a166340_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:455.115px;top:113.7px;">0</div><div id="a166343_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:113.7px;">0</div><div id="a166346_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.182px;top:113.7px;">192,817</div><div id="a166349_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.488px;top:113.7px;">0</div><div id="a166352_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:648.635px;top:113.7px;">192,817</div><div id="a166355" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:126px;">Loans and advances to banks </div><div id="a166358_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:253.528px;top:126px;">407</div><div id="a166361_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:289.502px;top:126px;">12,552</div><div id="a166364_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:341.555px;top:126px;">1,123</div><div id="a166367_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.448px;top:126px;">795</div><div id="a166370_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:445.182px;top:126px;">490</div><div id="a166373_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.902px;top:126px;">1</div><div id="a166376_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:537.902px;top:126px;">15,368</div><div id="a166379_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:602.755px;top:126px;display:flex;">(8)</div><div id="a166382_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:126px;">15,360</div><div id="a166385" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:138.3px;">of which: stage 1 </div><div id="a166388_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:253.528px;top:138.3px;">407</div><div id="a166391_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:289.502px;top:138.3px;">12,552</div><div id="a166394_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:138.3px;">1,098</div><div id="a166397_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:396.448px;top:138.3px;">795</div><div id="a166400_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:445.182px;top:138.3px;">488</div><div id="a166403_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:138.3px;">0</div><div id="a166406_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:537.902px;top:138.3px;">15,340</div><div id="a166409_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:602.288px;top:138.3px;display:flex;">(7)</div><div id="a166412_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:653.395px;top:138.3px;">15,333</div><div id="a166415" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:151.1px;">of which: stage 2 </div><div id="a166419_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:263.462px;top:151.1px;">0</div><div id="a166422_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:311.262px;top:151.1px;">0</div><div id="a166425_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:353.848px;top:151.1px;">24</div><div id="a166428_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:406.368px;top:151.1px;">0</div><div id="a166431_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:455.115px;top:151.1px;">2</div><div id="a166434_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:151.1px;">0</div><div id="a166437_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:554.968px;top:151.1px;">27</div><div id="a166440_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:602.288px;top:151.1px;display:flex;">(1)</div><div id="a166443_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.408px;top:151.1px;">26</div><div id="a166446" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:164.3px;">of which: stage 3 </div><div id="a166449_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:263.462px;top:164.3px;">0</div><div id="a166452_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:311.262px;top:164.3px;">0</div><div id="a166455_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:358.582px;top:164.3px;">0</div><div id="a166458_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:406.368px;top:164.3px;">0</div><div id="a166461_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:455.115px;top:164.3px;">0</div><div id="a166464_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:164.3px;">1</div><div id="a166467_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:559.688px;top:164.3px;">1</div><div id="a166470_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.488px;top:164.3px;">0</div><div id="a166473_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:675.142px;top:164.3px;">1</div><div id="a166476" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:176.6px;">Receivables from securities<div style="display:inline-block;width:3.89px"> </div>financing transactions </div><div id="a166477" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:188.5px;">measured at amortized cost </div><div id="a166480_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:241.715px;top:188.5px;">34,386</div><div id="a166483_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:289.502px;top:188.5px;">11,267</div><div id="a166486_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:336.822px;top:188.5px;">10,483</div><div id="a166489_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:188.5px;">17,440</div><div id="a166492_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.062px;top:188.5px;">1,439</div><div id="a166495_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.902px;top:188.5px;">0</div><div id="a166498_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:537.902px;top:188.5px;">75,014</div><div id="a166501_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:602.755px;top:188.5px;display:flex;">(2)</div><div id="a166504_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:188.5px;">75,012</div><div id="a166507" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:200.8px;">of which: stage 1 </div><div id="a166511_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:241.715px;top:200.8px;">34,386</div><div id="a166514_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:289.502px;top:200.8px;">11,267</div><div id="a166517_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:336.822px;top:200.8px;">10,483</div><div id="a166520_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:384.595px;top:200.8px;">17,440</div><div id="a166523_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:438.062px;top:200.8px;">1,439</div><div id="a166526_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:200.8px;">0</div><div id="a166529_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:537.902px;top:200.8px;">75,014</div><div id="a166532_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:602.288px;top:200.8px;display:flex;">(2)</div><div id="a166535_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:653.395px;top:200.8px;">75,012</div><div id="a166538" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:213.1px;">Cash collateral receivables on<div style="display:inline-block;width:3.94px"> </div>derivative instruments </div><div id="a166541_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:246.435px;top:213.1px;">7,466</div><div id="a166544_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:289.502px;top:213.1px;">13,476</div><div id="a166547_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:341.555px;top:213.1px;">5,878</div><div id="a166550_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:213.1px;">3,647</div><div id="a166553_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:450.382px;top:213.1px;">47</div><div id="a166556_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.902px;top:213.1px;">0</div><div id="a166559_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:537.902px;top:213.1px;">30,514</div><div id="a166562_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.488px;top:213.1px;">0</div><div id="a166565_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:213.1px;">30,514</div><div id="a166568" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:225.4px;">of which: stage 1 </div><div id="a166571_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:246.435px;top:225.4px;">7,466</div><div id="a166574_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:289.502px;top:225.4px;">13,476</div><div id="a166577_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:225.4px;">5,878</div><div id="a166580_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:389.355px;top:225.4px;">3,647</div><div id="a166583_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:450.382px;top:225.4px;">47</div><div id="a166586_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:225.4px;">0</div><div id="a166589_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:537.902px;top:225.4px;">30,514</div><div id="a166592_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.488px;top:225.4px;">0</div><div id="a166595_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:653.395px;top:225.4px;">30,514</div><div id="a166598" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:237.7px;">Loans and advances to customers </div><div id="a166601_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:246.435px;top:237.7px;">5,295</div><div id="a166604_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:284.768px;top:237.7px;">232,663</div><div id="a166607_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:336.822px;top:237.7px;">67,620</div><div id="a166610_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:237.7px;">70,394</div><div id="a166613_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:433.328px;top:237.7px;">21,423</div><div id="a166616_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:494.875px;top:237.7px;">2,148</div><div id="a166619_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.182px;top:237.7px;">399,543</div><div id="a166622_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:237.7px;display:flex;">(850)</div><div id="a166625_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:648.635px;top:237.7px;">398,693</div><div id="a166628" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:249.9px;">of which: stage 1 </div><div id="a166631_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:246.435px;top:249.9px;">5,295</div><div id="a166634_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:284.768px;top:249.9px;">231,583</div><div id="a166637_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:336.822px;top:249.9px;">65,083</div><div id="a166640_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:384.595px;top:249.9px;">63,298</div><div id="a166643_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:433.328px;top:249.9px;">16,362</div><div id="a166646_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:249.9px;">0</div><div id="a166649_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.182px;top:249.9px;">381,622</div><div id="a166652_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:592.795px;top:249.9px;display:flex;">(126)</div><div id="a166655_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:648.635px;top:249.9px;">381,496</div><div id="a166658" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:263.2px;">of which: stage 2 </div><div id="a166661_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:263.462px;top:263.2px;">0</div><div id="a166664_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:294.235px;top:263.2px;">1,080</div><div id="a166667_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:263.2px;">2,536</div><div id="a166670_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:389.355px;top:263.2px;">7,096</div><div id="a166673_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:438.062px;top:263.2px;">5,061</div><div id="a166676_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:263.2px;">0</div><div id="a166679_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:537.902px;top:263.2px;">15,773</div><div id="a166682_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:592.795px;top:263.2px;display:flex;">(152)</div><div id="a166685_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:653.395px;top:263.2px;">15,620</div><div id="a166688" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:276px;">of which: stage 3 </div><div id="a166691_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:263.462px;top:276px;">0</div><div id="a166694_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:311.262px;top:276px;">0</div><div id="a166697_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:358.582px;top:276px;">0</div><div id="a166700_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:406.368px;top:276px;">0</div><div id="a166703_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:455.115px;top:276px;">0</div><div id="a166706_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:494.875px;top:276px;">2,148</div><div id="a166709_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:542.635px;top:276px;">2,148</div><div id="a166712_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:592.795px;top:276px;display:flex;">(572)</div><div id="a166715_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:658.115px;top:276px;">1,577</div><div id="a166718" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:288.8px;">Other financial assets measured at<div style="display:inline-block;width:3.94px"> </div>amortized cost </div><div id="a166721_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:241.715px;top:288.8px;">12,564</div><div id="a166724_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:294.235px;top:288.8px;">6,705</div><div id="a166727_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:348.648px;top:288.8px;">321</div><div id="a166730_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:288.8px;">6,097</div><div id="a166733_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:445.182px;top:288.8px;">394</div><div id="a166736_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.968px;top:288.8px;">264</div><div id="a166739_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:537.902px;top:288.8px;">26,346</div><div id="a166742_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:288.8px;display:flex;">(109)</div><div id="a166745_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:288.8px;">26,236</div><div id="a166748" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:301.1px;">of which: stage 1 </div><div id="a166751_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:241.715px;top:301.1px;">12,564</div><div id="a166754_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:294.235px;top:301.1px;">6,696</div><div id="a166757_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:348.648px;top:301.1px;">307</div><div id="a166760_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:389.355px;top:301.1px;">5,887</div><div id="a166763_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:445.182px;top:301.1px;">317</div><div id="a166766_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:301.1px;">0</div><div id="a166769_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:537.902px;top:301.1px;">25,772</div><div id="a166772_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:597.528px;top:301.1px;display:flex;">(27)</div><div id="a166775_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:653.395px;top:301.1px;">25,746</div><div id="a166778" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:313.8px;">of which: stage 2 </div><div id="a166781_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:263.462px;top:313.8px;">0</div><div id="a166784_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:306.528px;top:313.8px;">10</div><div id="a166787_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:353.848px;top:313.8px;">13</div><div id="a166790_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:396.448px;top:313.8px;">209</div><div id="a166793_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:450.382px;top:313.8px;">77</div><div id="a166796_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:313.8px;">0</div><div id="a166799_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:549.755px;top:313.8px;">309</div><div id="a166802_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:602.288px;top:313.8px;display:flex;">(7)</div><div id="a166805_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:665.208px;top:313.8px;">302</div><div id="a166808" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:327.1px;">of which: stage 3 </div><div id="a166811_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:263.462px;top:327.1px;">0</div><div id="a166814_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:311.262px;top:327.1px;">0</div><div id="a166817_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:358.582px;top:327.1px;">0</div><div id="a166820_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:406.368px;top:327.1px;">0</div><div id="a166823_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:455.115px;top:327.1px;">0</div><div id="a166826_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:501.968px;top:327.1px;">264</div><div id="a166829_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:549.755px;top:327.1px;">264</div><div id="a166832_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:597.528px;top:327.1px;display:flex;">(76)</div><div id="a166835_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:665.208px;top:327.1px;">189</div><div id="a166838" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:339.4px;">Total financial assets<div style="display:inline-block;width:3.87px"> </div>measured at amortized cost </div><div id="a166841_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:236.982px;top:339.4px;">251,133</div><div id="a166844_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:284.768px;top:339.4px;">278,465</div><div id="a166847_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:336.822px;top:339.4px;">85,424</div><div id="a166850_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:339.4px;">98,372</div><div id="a166853_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:433.328px;top:339.4px;">23,793</div><div id="a166856_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:494.875px;top:339.4px;">2,414</div><div id="a166859_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.182px;top:339.4px;">739,601</div><div id="a166862_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:339.4px;display:flex;">(969)</div><div id="a166865_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:648.635px;top:339.4px;">738,632</div><div id="a166868" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:352.2px;">On-balance sheet financial instruments </div><div id="a166882" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:364.9px;">Financial assets measured at FVOCI<div style="display:inline-block;width:4.13px"> </div>– debt instruments </div><div id="a166888_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:246.435px;top:364.9px;">3,996</div><div id="a166891_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:294.235px;top:364.9px;">4,771</div><div id="a166894_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:358.582px;top:364.9px;">0</div><div id="a166897_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:364.9px;">77</div><div id="a166900_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.115px;top:364.9px;">0</div><div id="a166903_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.902px;top:364.9px;">0</div><div id="a166906_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:542.635px;top:364.9px;">8,844</div><div id="a166909_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.488px;top:364.9px;">0</div><div id="a166912_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:364.9px;">8,844</div><div id="a166915" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:377.2px;">Total on-balance<div style="display:inline-block;width:3.77px"> </div>sheet financial instruments </div><div id="a166920_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:236.982px;top:377.2px;">255,130</div><div id="a166923_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:284.768px;top:377.2px;">283,236</div><div id="a166926_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:336.822px;top:377.2px;">85,424</div><div id="a166929_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:377.2px;">98,449</div><div id="a166932_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:433.328px;top:377.2px;">23,793</div><div id="a166935_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:494.875px;top:377.2px;">2,414</div><div id="a166938_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.182px;top:377.2px;">748,445</div><div id="a166941_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:377.2px;display:flex;">(969)</div><div id="a166944_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:648.635px;top:377.2px;">747,477</div></div><div id="TextBlockContainer1396" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:377px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1394_XBRL_TS_36a3ebf0ce8e4e5dbb9470720391d268" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1395" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:377px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a166948" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Off-balance sheet positions subject to expected<div style="display:inline-block;width:4.46px"> </div>credit loss by rating category </div><div id="a166952" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:16.3px;">USD m </div><div id="a166955" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:466.942px;top:16.3px;">31.12.21 </div><div id="a166957" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:88.7px;">Rating category</div><div id="a166958" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:60.932px;top:89.3px;">1</div><div id="a166961" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:313.622px;top:88.7px;">0–1 </div><div id="a166965" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:88.7px;">2–3 </div><div id="a166969" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:399.755px;top:88.7px;">4–5 </div><div id="a166973" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:442.822px;top:88.7px;">6–8 </div><div id="a166977" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.128px;top:88.7px;">9–13 </div><div id="a166981" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.702px;top:65.5px;">Credit-</div><div id="a166983" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.608px;top:77.3px;">impaired </div><div id="a166985" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.048px;top:88.7px;">(defaulted) </div><div id="a166987" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.755px;top:30.5px;">Total off- </div><div id="a166990" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.208px;top:41.8px;">balance sheet </div><div id="a166991" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:53.6px;">exposure </div><div id="a166993" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.022px;top:65.5px;">(maximum </div><div id="a166994" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.302px;top:77.3px;">exposure to </div><div id="a166995" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.022px;top:88.7px;">credit risk) </div><div id="a166997" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:625.462px;top:88.7px;">ECL provisions </div><div id="a166999" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:101px;">Off-balance sheet financial instruments </div><div id="a167012" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:113.7px;">Guarantees<div style="display:inline-block;width:2.82px"> </div></div><div id="a167015_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:113.7px;">4,457</div><div id="a167018_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:349.595px;top:113.7px;">7,064</div><div id="a167021_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:113.7px;">4,535</div><div id="a167024_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.702px;top:113.7px;">3,757</div><div id="a167027_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:478.755px;top:113.7px;">1,009</div><div id="a167030_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:542.635px;top:113.7px;">150</div><div id="a167033_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:113.7px;">20,972</div><div id="a167036_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:113.7px;display:flex;">(41)</div><div id="a167039" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:126px;">of which: stage 1 </div><div id="a167042_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:306.528px;top:126px;">4,457</div><div id="a167045_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:349.595px;top:126px;">7,037</div><div id="a167048_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:126px;">4,375</div><div id="a167051_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:126px;">3,075</div><div id="a167054_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:126px;">752</div><div id="a167057_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:126px;">0</div><div id="a167060_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:591.382px;top:126px;">19,695</div><div id="a167063_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:126px;display:flex;">(18)</div><div id="a167066" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:138.8px;">of which: stage 2 </div><div id="a167069_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:138.8px;">0</div><div id="a167072_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:361.888px;top:138.8px;">27</div><div id="a167075_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.755px;top:138.8px;">160</div><div id="a167078_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:138.8px;">682</div><div id="a167081_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:138.8px;">258</div><div id="a167084_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:138.8px;">0</div><div id="a167087_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.102px;top:138.8px;">1,127</div><div id="a167090_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.048px;top:138.8px;display:flex;">(8)</div><div id="a167093" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:152px;">of which: stage 3 </div><div id="a167096_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:152px;">0</div><div id="a167099_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:152px;">0</div><div id="a167102_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:152px;">0</div><div id="a167105_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:152px;">0</div><div id="a167108_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:495.822px;top:152px;">0</div><div id="a167111_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:542.635px;top:152px;">150</div><div id="a167114_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.235px;top:152px;">150</div><div id="a167117_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:152px;display:flex;">(15)</div><div id="a167120" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:164.4px;">Irrevocable loan commitments </div><div id="a167123_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:164.4px;">2,797</div><div id="a167126_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.862px;top:164.4px;">14,183</div><div id="a167129_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:164.4px;">7,651</div><div id="a167132_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.702px;top:164.4px;">8,298</div><div id="a167135_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:478.755px;top:164.4px;">6,502</div><div id="a167138_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:547.875px;top:164.4px;">46</div><div id="a167141_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:164.4px;">39,478</div><div id="a167144_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.595px;top:164.4px;display:flex;">(114)</div><div id="a167147" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:176.7px;">of which: stage 1 </div><div id="a167150_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:306.528px;top:176.7px;">2,797</div><div id="a167153_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.862px;top:176.7px;">13,917</div><div id="a167156_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:176.7px;">7,416</div><div id="a167159_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:176.7px;">7,127</div><div id="a167162_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:478.755px;top:176.7px;">5,840</div><div id="a167165_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:176.7px;">0</div><div id="a167168_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:591.382px;top:176.7px;">37,097</div><div id="a167171_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:176.7px;display:flex;">(72)</div><div id="a167174" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:189.9px;">of which: stage 2 </div><div id="a167178_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:189.9px;">0</div><div id="a167181_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:356.688px;top:189.9px;">266</div><div id="a167184_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.755px;top:189.9px;">235</div><div id="a167187_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:189.9px;">1,171</div><div id="a167190_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:189.9px;">663</div><div id="a167193_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:189.9px;">0</div><div id="a167196_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.102px;top:189.9px;">2,335</div><div id="a167199_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:189.9px;display:flex;">(42)</div><div id="a167202" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:202.7px;">of which: stage 3 </div><div id="a167205_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:202.7px;">0</div><div id="a167208_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:202.7px;">0</div><div id="a167211_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:202.7px;">0</div><div id="a167214_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:202.7px;">0</div><div id="a167217_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:495.822px;top:202.7px;">0</div><div id="a167220_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:547.875px;top:202.7px;">46</div><div id="a167223_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:202.7px;">46</div><div id="a167226_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.248px;top:202.7px;">0</div><div id="a167229" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:215px;">Forward starting reverse repurchase<div style="display:inline-block;width:4.41px"> </div>and securities borrowing agreements </div><div id="a167232_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:323.555px;top:215px;">0</div><div id="a167235_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:215px;">0</div><div id="a167238_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:404.955px;top:215px;">55</div><div id="a167241_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.702px;top:215px;">1,389</div><div id="a167244_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:495.822px;top:215px;">0</div><div id="a167247_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:552.595px;top:215px;">0</div><div id="a167250_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:215px;">1,444</div><div id="a167253_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.248px;top:215px;">0</div><div id="a167256" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:227.3px;">Total off balance<div style="display:inline-block;width:3.77px"> </div>sheet financial instruments </div><div id="a167260_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:227.3px;">7,254</div><div id="a167263_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.862px;top:227.3px;">21,247</div><div id="a167266_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.902px;top:227.3px;">12,241</div><div id="a167269_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.968px;top:227.3px;">13,444</div><div id="a167272_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:478.755px;top:227.3px;">7,512</div><div id="a167275_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:542.635px;top:227.3px;">196</div><div id="a167278_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:227.3px;">61,894</div><div id="a167281_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.595px;top:227.3px;display:flex;">(155)</div><div id="a167284" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:240.5px;">Credit lines </div><div id="a167295" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:252.8px;">Committed unconditionally revocable<div style="display:inline-block;width:3.72px"> </div>credit lines </div><div id="a167298_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:252.8px;">2,636</div><div id="a167301_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.862px;top:252.8px;">16,811</div><div id="a167304_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:252.8px;">8,627</div><div id="a167307_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.968px;top:252.8px;">10,130</div><div id="a167310_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:478.755px;top:252.8px;">4,107</div><div id="a167313_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:547.875px;top:252.8px;">63</div><div id="a167316_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:252.8px;">42,373</div><div id="a167319_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:252.8px;display:flex;">(38)</div><div id="a167322" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:265.1px;">of which: stage 1 </div><div id="a167325_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:306.528px;top:265.1px;">2,636</div><div id="a167328_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.862px;top:265.1px;">16,467</div><div id="a167331_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:265.1px;">8,304</div><div id="a167334_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:265.1px;">8,724</div><div id="a167337_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:478.755px;top:265.1px;">3,671</div><div id="a167340_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:265.1px;">0</div><div id="a167343_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:591.382px;top:265.1px;">39,802</div><div id="a167346_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:265.1px;display:flex;">(28)</div><div id="a167349" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:278.4px;">of which: stage 2 </div><div id="a167352_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:278.4px;">0</div><div id="a167355_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:356.688px;top:278.4px;">344</div><div id="a167358_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.755px;top:278.4px;">323</div><div id="a167361_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:278.4px;">1,406</div><div id="a167364_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:278.4px;">436</div><div id="a167367_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:278.4px;">0</div><div id="a167370_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.102px;top:278.4px;">2,508</div><div id="a167373_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:278.4px;display:flex;">(10)</div><div id="a167376" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:291.1px;">of which: stage 3 </div><div id="a167379_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:291.1px;">0</div><div id="a167382_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:291.1px;">0</div><div id="a167385_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:291.1px;">0</div><div id="a167388_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:291.1px;">0</div><div id="a167391_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:495.822px;top:291.1px;">0</div><div id="a167394_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:547.875px;top:291.1px;">63</div><div id="a167397_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:291.1px;">63</div><div id="a167400_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.248px;top:291.1px;">0</div><div id="a167403" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:303.4px;">Irrevocable committed prolongation<div style="display:inline-block;width:3.85px"> </div>of existing loans </div><div id="a167406_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:318.822px;top:303.4px;">17</div><div id="a167409_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:349.595px;top:303.4px;">2,438</div><div id="a167412_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:303.4px;">1,422</div><div id="a167415_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.702px;top:303.4px;">1,084</div><div id="a167418_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.848px;top:303.4px;">602</div><div id="a167421_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:547.875px;top:303.4px;">48</div><div id="a167424_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:303.4px;">5,611</div><div id="a167427_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:303.4px;display:flex;">(3)</div><div id="a167430" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:315.7px;">of which: stage 1 </div><div id="a167433_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:318.822px;top:315.7px;">17</div><div id="a167436_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:349.595px;top:315.7px;">2,438</div><div id="a167439_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:315.7px;">1,422</div><div id="a167442_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:315.7px;">1,082</div><div id="a167445_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:315.7px;">568</div><div id="a167448_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:315.7px;">0</div><div id="a167451_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.102px;top:315.7px;">5,527</div><div id="a167454_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.048px;top:315.7px;display:flex;">(3)</div><div id="a167457" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:329px;">of which: stage 2 </div><div id="a167460_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:329px;">0</div><div id="a167463_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:329px;">0</div><div id="a167466_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:329px;">0</div><div id="a167469_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:329px;">1</div><div id="a167472_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:491.062px;top:329px;">34</div><div id="a167475_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:329px;">0</div><div id="a167478_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:329px;">36</div><div id="a167481_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.248px;top:329px;">0</div><div id="a167484" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:342.2px;">of which: stage 3 </div><div id="a167487_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:342.2px;">0</div><div id="a167490_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:342.2px;">0</div><div id="a167493_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:342.2px;">0</div><div id="a167496_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:342.2px;">0</div><div id="a167499_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:495.822px;top:342.2px;">0</div><div id="a167502_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:547.875px;top:342.2px;">48</div><div id="a167505_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:342.2px;">48</div><div id="a167508_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.248px;top:342.2px;">0</div><div id="a167511" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:354.5px;">Total credit lines </div><div id="a167514_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:354.5px;">2,653</div><div id="a167517_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.862px;top:354.5px;">19,249</div><div id="a167520_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.902px;top:354.5px;">10,049</div><div id="a167523_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.968px;top:354.5px;">11,214</div><div id="a167526_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:478.755px;top:354.5px;">4,709</div><div id="a167529_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:542.635px;top:354.5px;">111</div><div id="a167532_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:354.5px;">47,984</div><div id="a167535_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:354.5px;display:flex;">(41)</div><div id="a167538" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:368.1px;">1 Refer to the “Internal UBS rating<div style="display:inline-block;width:4.06px"> </div>scale and mapping of external<div style="display:inline-block;width:3.8px"> </div>ratings” table in the “Risk<div style="display:inline-block;width:3.66px"> </div>management and control”<div style="display:inline-block;width:3.64px"> </div>section of this report for more<div style="display:inline-block;width:3.45px"> </div>information on rating<div style="display:inline-block;width:3.54px"> </div>categories.</div></div></div></div><div id="TextBlockContainer1398" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:787px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a167579" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">f) Sensitivity information </div><div id="a167585" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.8px;">As outlined in Note<div style="display:inline-block;width:5.11px"> </div>1a, ECL estimates involve significant uncertainties at the<div style="display:inline-block;width:5.03px"> </div>time they are made. </div><div id="a167590" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:50.5px;">ECL models </div><div id="a167592" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:65.6px;">The models<div style="display:inline-block;width:5.23px"> </div>applied<div style="display:inline-block;width:5.13px"> </div>to determine<div style="display:inline-block;width:5.19px"> </div>point<div style="display:inline-block;width:1.43px"> </div>-in-time<div style="display:inline-block;width:5.09px"> </div>PD and LGD<div style="display:inline-block;width:5.34px"> </div>rely on<div style="display:inline-block;width:5.02px"> </div>market and statistical<div style="display:inline-block;width:6.84px"> </div>data, which<div style="display:inline-block;width:5.19px"> </div>has been<div style="display:inline-block;width:5.49px"> </div>found </div><div id="a167597" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:81.2px;">to<div style="display:inline-block;width:5.25px"> </div>correlate<div style="display:inline-block;width:6.77px"> </div>well<div style="display:inline-block;width:5.57px"> </div>with<div style="display:inline-block;width:6.2px"> </div>historically<div style="display:inline-block;width:6.89px"> </div>observed<div style="display:inline-block;width:6.45px"> </div>defaults<div style="display:inline-block;width:6.82px"> </div>in<div style="display:inline-block;width:5.3px"> </div>sufficiently<div style="display:inline-block;width:7.55px"> </div>homogeneous<div style="display:inline-block;width:6.99px"> </div>segments.<div style="display:inline-block;width:6.92px"> </div>The<div style="display:inline-block;width:5.88px"> </div>risk<div style="display:inline-block;width:5.47px"> </div>sensitivities<div style="display:inline-block;width:7.46px"> </div>for </div><div id="a167599" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:96.3px;">each of the<div style="display:inline-block;width:5.51px"> </div>ECL reporting<div style="display:inline-block;width:6.21px"> </div>segments<div style="display:inline-block;width:5.4px"> </div>to such<div style="display:inline-block;width:5.13px"> </div>factors are<div style="display:inline-block;width:5.93px"> </div>summarized<div style="display:inline-block;width:5.83px"> </div>in Note 9. </div><div id="a167603" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:119.1px;">Sustainability and climate risk</div><div id="a167604" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#E60000;left:171.938px;top:118.8px;"> </div><div id="a167605" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:134.2px;">Sustainability and climate risk (SCR) may negatively affect clients<div style="display:inline-block;width:5.05px"> </div>or portfolios due to direct or indirect transition costs, or </div><div id="a167613" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:149.8px;">exposure to physical risks in locations<div style="display:inline-block;width:5.36px"> </div>likely to be impacted by climate change.<div style="display:inline-block;width:5.14px"> </div>Such effects could lead to<div style="display:inline-block;width:5.15px"> </div>a deterioration </div><div id="a167620" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:164.9px;">in credit worthiness, which in turn would<div style="display:inline-block;width:5.6px"> </div>have an impact on ECLs.<div style="display:inline-block;width:4.72px"> </div></div><div id="a167626" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:187.7px;">While some indicators<div style="display:inline-block;width:5.27px"> </div>that are more<div style="display:inline-block;width:5.53px"> </div>influenced by<div style="display:inline-block;width:5.08px"> </div>climate change (e.g.,<div style="display:inline-block;width:5.72px"> </div>energy prices) are<div style="display:inline-block;width:5.44px"> </div>factored into the<div style="display:inline-block;width:5.59px"> </div>current PD </div><div id="a167629" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:202.8px;">models where<div style="display:inline-block;width:6.37px"> </div>they have<div style="display:inline-block;width:5.63px"> </div>demonstrated<div style="display:inline-block;width:5.45px"> </div>statistical<div style="display:inline-block;width:5.27px"> </div>relevance,<div style="display:inline-block;width:5.31px"> </div>UBS<div style="display:inline-block;width:5.08px"> </div>AG currently<div style="display:inline-block;width:6.04px"> </div>does<div style="display:inline-block;width:5.66px"> </div>not use<div style="display:inline-block;width:6.28px"> </div>a specific<div style="display:inline-block;width:5.77px"> </div>SCR<div style="display:inline-block;width:5.08px"> </div>scenario in </div><div id="a167637" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:218.4px;">addition<div style="display:inline-block;width:6.12px"> </div>to<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>four<div style="display:inline-block;width:5.77px"> </div>general<div style="display:inline-block;width:5.82px"> </div>economic<div style="display:inline-block;width:6.21px"> </div>scenarios<div style="display:inline-block;width:6.19px"> </div>applied<div style="display:inline-block;width:6.55px"> </div>to<div style="display:inline-block;width:5.72px"> </div>derive<div style="display:inline-block;width:5.89px"> </div>the<div style="display:inline-block;width:5.72px"> </div>weighted-average<div style="display:inline-block;width:6.46px"> </div>ECL.<div style="display:inline-block;width:6.2px"> </div>The<div style="display:inline-block;width:5.88px"> </div>rationale<div style="display:inline-block;width:6.04px"> </div>for<div style="display:inline-block;width:6.04px"> </div>the </div><div id="a167641" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:233.6px;">approach<div style="display:inline-block;width:5.89px"> </div>at<div style="display:inline-block;width:5.05px"> </div>this<div style="display:inline-block;width:5.2px"> </div>point<div style="display:inline-block;width:5.55px"> </div>in<div style="display:inline-block;width:5.3px"> </div>time<div style="display:inline-block;width:5.74px"> </div>is<div style="display:inline-block;width:5.15px"> </div>the<div style="display:inline-block;width:5.25px"> </div>significance<div style="display:inline-block;width:5.93px"> </div>of<div style="display:inline-block;width:5.72px"> </div>model<div style="display:inline-block;width:5.35px"> </div>risks<div style="display:inline-block;width:5.52px"> </div>and<div style="display:inline-block;width:5.61px"> </div>challenges<div style="display:inline-block;width:5.45px"> </div>in<div style="display:inline-block;width:5.77px"> </div>calibration<div style="display:inline-block;width:5.46px"> </div>and<div style="display:inline-block;width:5.61px"> </div>probability<div style="display:inline-block;width:5.43px"> </div>weight </div><div id="a167642" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:249.2px;">assessment given the paucity of data. </div><div id="a167644" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:271.9px;">Instead, UBS<div style="display:inline-block;width:5.55px"> </div>AG focuses on<div style="display:inline-block;width:5.07px"> </div>the process of<div style="display:inline-block;width:5.42px"> </div>vetting clients and<div style="display:inline-block;width:5.29px"> </div>business transactions and<div style="display:inline-block;width:5.93px"> </div>takes individual actions,<div style="display:inline-block;width:5.59px"> </div>where </div><div id="a167647" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:287px;">transition risk is deemed<div style="display:inline-block;width:5.01px"> </div>to be a significant<div style="display:inline-block;width:5.13px"> </div>driver of a<div style="display:inline-block;width:5.05px"> </div>counterparty’s credit worthiness.<div style="display:inline-block;width:6.16px"> </div>This review process may<div style="display:inline-block;width:5.1px"> </div>lead to </div><div id="a167648" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:302.6px;">a downward revision<div style="display:inline-block;width:5.29px"> </div>of the counterparty’s credit rating,<div style="display:inline-block;width:5.2px"> </div>or the adoption of risk mitigating<div style="display:inline-block;width:5.77px"> </div>actions, and hence affect the </div><div id="a167653" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:317.8px;">individual contribution to ECLs. </div><div id="a167657" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:340.5px;">At the portfolio level, UBS AG<div style="display:inline-block;width:2.33px"> </div>has started to use stress loss assumptions to assess the extent to which SCR may affect the </div><div id="a167667" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:355.6px;">quality of the<div style="display:inline-block;width:5.35px"> </div>loans extended to<div style="display:inline-block;width:5.72px"> </div>small and medium-sized entities<div style="display:inline-block;width:5.16px"> </div>and large<div style="display:inline-block;width:5.18px"> </div>corporate clients. Initial tests<div style="display:inline-block;width:5.25px"> </div>were based<div style="display:inline-block;width:5.48px"> </div>on </div><div id="a167677" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:371.2px;">a set of assumptions presented<div style="display:inline-block;width:5.28px"> </div>by external parties (such as the Bank of<div style="display:inline-block;width:5.08px"> </div>England). Such analysis undertaken<div style="display:inline-block;width:5.13px"> </div>during 2022 </div><div id="a167678" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:386.4px;">concluded that the counterparties<div style="display:inline-block;width:5.49px"> </div>are not expected to be<div style="display:inline-block;width:5.11px"> </div>significantly impacted<div style="display:inline-block;width:5.1px"> </div>by physical or transition<div style="display:inline-block;width:5.39px"> </div>risks,<div style="display:inline-block;width:4.52px"> </div>mainly as </div><div id="a167687" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:402px;">there are no material risk concentrations in high-risk sectors. The<div style="display:inline-block;width:2.29px"> </div>analysis of the corporate loan book has also shown that </div><div id="a167692" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:417.1px;">any potential significant impacts from transition costs or<div style="display:inline-block;width:2.28px"> </div>physical risks would materialize over a<div style="display:inline-block;width:2.05px"> </div>time horizon that exceeds </div><div id="a167701" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:432.3px;">in most cases the<div style="display:inline-block;width:2.19px"> </div>contractual lifetime of the<div style="display:inline-block;width:2.11px"> </div>underlying assets. Based on current information<div style="display:inline-block;width:2.12px"> </div>on regulatory developments, </div><div id="a167703" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:447.9px;">this would<div style="display:inline-block;width:5.43px"> </div>also apply<div style="display:inline-block;width:5.08px"> </div>to the<div style="display:inline-block;width:5.03px"> </div>portfolio of<div style="display:inline-block;width:5.5px"> </div>private clients’<div style="display:inline-block;width:5.63px"> </div>mortgages and<div style="display:inline-block;width:5.43px"> </div>real estate<div style="display:inline-block;width:5.03px"> </div>financing,<div style="display:inline-block;width:5.55px"> </div>given the long<div style="display:inline-block;width:6.06px"> </div>lead times </div><div id="a167707" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:463px;">for investments in upgrading<div style="display:inline-block;width:5.25px"> </div>the housing stock. </div><div id="a167709" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:486.2px;">As a<div style="display:inline-block;width:5.04px"> </div>result of<div style="display:inline-block;width:5.43px"> </div>the aforementioned<div style="display:inline-block;width:6.01px"> </div>factors, it<div style="display:inline-block;width:5.21px"> </div>was assessed<div style="display:inline-block;width:5.86px"> </div>that the<div style="display:inline-block;width:5.72px"> </div>magnitude of<div style="display:inline-block;width:5.28px"> </div>any impact<div style="display:inline-block;width:5.84px"> </div>of SCR<div style="display:inline-block;width:5.24px"> </div>on the<div style="display:inline-block;width:5.54px"> </div>weighted-</div><div id="a167714" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:501.3px;">average ECL would not be material as of 31 December 2022.<div style="display:inline-block;width:4.61px"> </div>Therefore, no specific post-model adjustment was made in </div><div id="a167721" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:516.5px;">this regard. </div><div id="a167723" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:528.2px;">›</div><div id="a167724" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:528.4px;"> </div><div id="a167725" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:533px;">Refer to “Sustainability<div style="display:inline-block;width:0.78px"> </div>and climate risk”<div style="display:inline-block;width:1.4px"> </div>in the “Risk management<div style="display:inline-block;width:0.59px"> </div>and control” section<div style="display:inline-block;width:1.6px"> </div>of this report<div style="display:inline-block;width:7.36px"> </div></div><div id="a167729" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:543.3px;">›</div><div id="a167730" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:543.5px;"> </div><div id="a167731" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:548.2px;">Refer to “Our focus<div style="display:inline-block;width:1.4px"> </div>on sustainability<div style="display:inline-block;width:1.47px"> </div>and climate”<div style="display:inline-block;width:1.83px"> </div>in the “Our strategy, business<div style="display:inline-block;width:1.23px"> </div>model and environment”<div style="display:inline-block;width:0.47px"> </div>section of this<div style="display:inline-block;width:1.41px"> </div>report </div><div id="a167746" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:558px;">›</div><div id="a167747" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:558.2px;"> </div><div id="a167748" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:562.8px;">Refer to “UBS AG consolidated<div style="display:inline-block;width:0.13px"> </div>supplemental disclosures<div style="display:inline-block;width:0.74px"> </div>required under SEC regulations”<div style="display:inline-block;width:1.07px"> </div>for the maturity<div style="display:inline-block;width:1.02px"> </div>profile of UBS core loan </div><div id="a167754" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:577.5px;">book<div style="display:inline-block;width:5.23px"> </div></div><div id="a167756" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:597.9px;">Forward-looking scenarios </div><div id="a167760" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:613px;">Depending<div style="display:inline-block;width:5.32px"> </div>on<div style="display:inline-block;width:5.13px"> </div>the scenario<div style="display:inline-block;width:5.82px"> </div>selection and<div style="display:inline-block;width:6.07px"> </div>related macroeconomic<div style="display:inline-block;width:6.16px"> </div>assumptions<div style="display:inline-block;width:5.75px"> </div>for the<div style="display:inline-block;width:6.2px"> </div>risk factors,<div style="display:inline-block;width:6.09px"> </div>the components<div style="display:inline-block;width:6.44px"> </div>of </div><div id="a167763" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:628.6px;">the<div style="display:inline-block;width:6.2px"> </div>relevant<div style="display:inline-block;width:6.45px"> </div>weighted-average<div style="display:inline-block;width:6.87px"> </div>ECL<div style="display:inline-block;width:6.57px"> </div>change.<div style="display:inline-block;width:6.71px"> </div>This<div style="display:inline-block;width:6.29px"> </div>is<div style="display:inline-block;width:6.12px"> </div>particularly<div style="display:inline-block;width:6.32px"> </div>relevant<div style="display:inline-block;width:6.45px"> </div>for<div style="display:inline-block;width:6.52px"> </div>interest<div style="display:inline-block;width:6.55px"> </div>rates,<div style="display:inline-block;width:6.13px"> </div>which<div style="display:inline-block;width:6.82px"> </div>can<div style="display:inline-block;width:6.15px"> </div>move<div style="display:inline-block;width:5.99px"> </div>in<div style="display:inline-block;width:6.25px"> </div>both </div><div id="a167770" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:643.7px;">directions under<div style="display:inline-block;width:5.94px"> </div>a given growth<div style="display:inline-block;width:6.28px"> </div>assumption,<div style="display:inline-block;width:5.37px"> </div>e.g., low<div style="display:inline-block;width:5.57px"> </div>growth with<div style="display:inline-block;width:5.53px"> </div>high interest<div style="display:inline-block;width:6.21px"> </div>rates in<div style="display:inline-block;width:5.15px"> </div>a stagflation<div style="display:inline-block;width:5.77px"> </div>scenario, versus </div><div id="a167776" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:659.4px;">low growth<div style="display:inline-block;width:5.21px"> </div>and falling interest<div style="display:inline-block;width:5.21px"> </div>rates in a<div style="display:inline-block;width:5.25px"> </div>recession. Management<div style="display:inline-block;width:5.76px"> </div>generally looks<div style="display:inline-block;width:5.08px"> </div>for scenario narratives that reflect<div style="display:inline-block;width:5.78px"> </div>the </div><div id="a167779" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:674.5px;">key risk drivers of a given credit<div style="display:inline-block;width:5.03px"> </div>portfolio. </div><div id="a167782" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:697.7px;">As forecasting<div style="display:inline-block;width:2.33px"> </div>models are complex,<div style="display:inline-block;width:1.88px"> </div>due to the<div style="display:inline-block;width:2.13px"> </div>combination of<div style="display:inline-block;width:2.34px"> </div>multiple factors, simple what-if<div style="display:inline-block;width:1.51px"> </div>analyses involving a<div style="display:inline-block;width:2.21px"> </div>change </div><div id="a167789" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:712.8px;">of individual<div style="display:inline-block;width:5.07px"> </div>parameters do not<div style="display:inline-block;width:5.82px"> </div>necessarily provide realistic information<div style="display:inline-block;width:5.88px"> </div>on the<div style="display:inline-block;width:5.29px"> </div>exposure of segments<div style="display:inline-block;width:5.25px"> </div>to changes in<div style="display:inline-block;width:5.54px"> </div>the </div><div id="a167796" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:728px;">macroeconomy.<div style="display:inline-block;width:5.56px"> </div>Portfolio-specific<div style="display:inline-block;width:5.51px"> </div>analyses<div style="display:inline-block;width:5.67px"> </div>based<div style="display:inline-block;width:5.66px"> </div>on<div style="display:inline-block;width:5.61px"> </div>their key<div style="display:inline-block;width:6.31px"> </div>risk<div style="display:inline-block;width:5.47px"> </div>factors<div style="display:inline-block;width:5.26px"> </div>would<div style="display:inline-block;width:5.81px"> </div>also<div style="display:inline-block;width:5.35px"> </div>not<div style="display:inline-block;width:5.45px"> </div>be<div style="display:inline-block;width:5.63px"> </div>meaningful,<div style="display:inline-block;width:5.66px"> </div>as<div style="display:inline-block;width:5.25px"> </div>potential </div><div id="a167802" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:743.1px;">compensatory effects in other segments<div style="display:inline-block;width:5.63px"> </div>would be ignored<div style="display:inline-block;width:2px"> </div>.<div style="display:inline-block;width:3.92px"> </div>The table below indicates some sensitivities<div style="display:inline-block;width:5.27px"> </div>to ECLs, if a key </div><div id="a167813" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:758.7px;">macroeconomic<div style="display:inline-block;width:6.5px"> </div>variable<div style="display:inline-block;width:6.26px"> </div>for<div style="display:inline-block;width:6.04px"> </div>the<div style="display:inline-block;width:6.2px"> </div>forecasting<div style="display:inline-block;width:6.28px"> </div>period<div style="display:inline-block;width:6.5px"> </div>is<div style="display:inline-block;width:6.09px"> </div>amended<div style="display:inline-block;width:6.13px"> </div>across<div style="display:inline-block;width:6.33px"> </div>all<div style="display:inline-block;width:5.94px"> </div>scenarios<div style="display:inline-block;width:6.19px"> </div>with<div style="display:inline-block;width:6.2px"> </div>all<div style="display:inline-block;width:5.94px"> </div>other<div style="display:inline-block;width:6.25px"> </div>factors<div style="display:inline-block;width:5.74px"> </div>remaining </div><div id="a167814" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:773.8px;">unchanged.</div></div><div id="TextBlockContainer1400" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:500px;height:10px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a167852" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Potential effect on stage<div style="display:inline-block;width:4.15px"> </div>1 and stage 2 positions from changing key<div style="display:inline-block;width:4.12px"> </div>parameters as of 31 December 2022</div></div><div id="TextBlockContainer1403" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:687px;height:356px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a167875" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:23.2px;">USD m </div><div id="a167878" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:384.564px;top:23.2px;">100% Baseline </div><div id="a167880" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:496.737px;top:0px;">100% </div><div id="a167881" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:468.804px;top:11.4px;">Stagflationary </div><div id="a167882" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.457px;top:23.2px;">geopolitical crisis<div style="display:inline-block;width:2.91px"> </div></div><div id="a167884" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.364px;top:23.2px;">100% Global crisis<div style="display:inline-block;width:3.32px"> </div></div><div id="a167886" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:611.724px;top:23.2px;">Weighted average<div style="display:inline-block;width:3.33px"> </div></div><div id="a167888" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:35.5px;">Change in key parameters </div><div id="a167895" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.7px;">Fixed income: Government bonds<div style="display:inline-block;width:3.94px"> </div>(absolute change) </div><div id="a167903" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:61.5px;">–0.50% </div><div id="a167907_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:429.99px;top:61.5px;display:flex;">(3)</div><div id="a167910_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.044px;top:61.5px;display:flex;">(106)</div><div id="a167913_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:61.5px;display:flex;">(2)</div><div id="a167916_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:61.5px;display:flex;">(14)</div><div id="a167919" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:74.8px;">+0.50% </div><div id="a167922_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.204px;top:74.8px;">4</div><div id="a167925_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:504.777px;top:74.8px;">124</div><div id="a167928_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.71px;top:74.8px;">2</div><div id="a167931_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:74.8px;">17</div><div id="a167934" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:87.5px;">+1.00% </div><div id="a167937_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.204px;top:87.5px;">8</div><div id="a167940_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:504.777px;top:87.5px;">264</div><div id="a167943_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.99px;top:87.5px;">10</div><div id="a167946_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:87.5px;">37</div><div id="a167949" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:99.8px;">Unemployment rate (absolute change) </div><div id="a167956" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:113.1px;">–1.00% </div><div id="a167960_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:429.99px;top:113.1px;display:flex;">(4)</div><div id="a167963_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.044px;top:113.1px;display:flex;">(138)</div><div id="a167966_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.79px;top:113.1px;display:flex;">(24)</div><div id="a167969_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:113.1px;display:flex;">(23)</div><div id="a167972" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:126.3px;">–0.50% </div><div id="a167976_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:429.99px;top:126.3px;display:flex;">(2)</div><div id="a167979_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:504.777px;top:126.3px;display:flex;">(78)</div><div id="a167982_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.79px;top:126.3px;display:flex;">(13)</div><div id="a167985_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:126.3px;display:flex;">(12)</div><div id="a167988" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:139.1px;">+0.50% </div><div id="a167991_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.204px;top:139.1px;">3</div><div id="a167994_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.977px;top:139.1px;">84</div><div id="a167997_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.99px;top:139.1px;">16</div><div id="a168000_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:139.1px;">15</div><div id="a168003" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:152.3px;">+1.00% </div><div id="a168006_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.204px;top:152.3px;">5</div><div id="a168009_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:504.777px;top:152.3px;">179</div><div id="a168012_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.99px;top:152.3px;">32</div><div id="a168015_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:152.3px;">31</div><div id="a168018" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:164.6px;">Real GDP growth (relative change) </div><div id="a168025" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:177.4px;">–2.00% </div><div id="a168029_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.204px;top:177.4px;">7</div><div id="a168032_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.977px;top:177.4px;">13</div><div id="a168035_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.99px;top:177.4px;">18</div><div id="a168038_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:177.4px;">11</div><div id="a168041" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:190.6px;">–1.00% </div><div id="a168045_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.204px;top:190.6px;">3</div><div id="a168048_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:514.71px;top:190.6px;">7</div><div id="a168051_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.71px;top:190.6px;">9</div><div id="a168054_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:190.6px;">5</div><div id="a168057" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:203.4px;">+1.00% </div><div id="a168060_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:429.99px;top:203.4px;display:flex;">(3)</div><div id="a168063_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.51px;top:203.4px;display:flex;">(7)</div><div id="a168066_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:203.4px;display:flex;">(9)</div><div id="a168069_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.03px;top:203.4px;display:flex;">(5)</div><div id="a168072" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:216.7px;">+2.00% </div><div id="a168075_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:429.99px;top:216.7px;display:flex;">(5)</div><div id="a168078_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:504.777px;top:216.7px;display:flex;">(13)</div><div id="a168081_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.79px;top:216.7px;display:flex;">(18)</div><div id="a168084_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:216.7px;display:flex;">(10)</div><div id="a168087" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:229px;">House Price Index (relative change) </div><div id="a168094" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:242.2px;">–5.00% </div><div id="a168098_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:242.2px;">15</div><div id="a168101_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:504.777px;top:242.2px;">196</div><div id="a168104_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.99px;top:242.2px;">88</div><div id="a168107_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:242.2px;">56</div><div id="a168110" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:255px;">–2.50% </div><div id="a168114_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.204px;top:255px;">7</div><div id="a168117_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.977px;top:255px;">92</div><div id="a168120_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.99px;top:255px;">40</div><div id="a168123_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:255px;">25</div><div id="a168126" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:268.2px;">+2.50% </div><div id="a168129_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:429.99px;top:268.2px;display:flex;">(4)</div><div id="a168132_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:504.777px;top:268.2px;display:flex;">(83)</div><div id="a168135_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.79px;top:268.2px;display:flex;">(35)</div><div id="a168138_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:268.2px;display:flex;">(19)</div><div id="a168141" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:281px;">+5.00% </div><div id="a168144_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:429.99px;top:281px;display:flex;">(7)</div><div id="a168147_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.044px;top:281px;display:flex;">(157)</div><div id="a168150_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.79px;top:281px;display:flex;">(65)</div><div id="a168153_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:281px;display:flex;">(36)</div><div id="a168156" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:293.3px;">Equity (S&amp;P500, EuroStoxx, SMI)<div style="display:inline-block;width:3.73px"> </div>(relative change) </div><div id="a168163" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:306.6px;">–10.00% </div><div id="a168167_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.204px;top:306.6px;">4</div><div id="a168170_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:514.71px;top:306.6px;">7</div><div id="a168173_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.71px;top:306.6px;">6</div><div id="a168176_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:306.6px;">5</div><div id="a168179" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:319.3px;">–5.00% </div><div id="a168183_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.204px;top:319.3px;">2</div><div id="a168186_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:514.71px;top:319.3px;">3</div><div id="a168189_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.71px;top:319.3px;">3</div><div id="a168192_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:319.3px;">2</div><div id="a168195" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:332.6px;">+5.00% </div><div id="a168198_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:429.99px;top:332.6px;display:flex;">(2)</div><div id="a168201_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.51px;top:332.6px;display:flex;">(4)</div><div id="a168204_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:332.6px;display:flex;">(3)</div><div id="a168207_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.03px;top:332.6px;display:flex;">(2)</div><div id="a168210" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:345.4px;">+10.00% </div><div id="a168213_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:429.99px;top:345.4px;display:flex;">(4)</div><div id="a168216_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.51px;top:345.4px;display:flex;">(8)</div><div id="a168219_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:345.4px;display:flex;">(7)</div><div id="a168222_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.03px;top:345.4px;display:flex;">(5)</div></div><div id="TextBlockContainer1406" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:188px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a168225" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Sensitivities<div style="display:inline-block;width:6.94px"> </div>can<div style="display:inline-block;width:7.09px"> </div>be<div style="display:inline-block;width:7.36px"> </div>more<div style="display:inline-block;width:7.27px"> </div>meaningfully<div style="display:inline-block;width:7.08px"> </div>assessed<div style="display:inline-block;width:7.49px"> </div>in<div style="display:inline-block;width:7.19px"> </div>the<div style="display:inline-block;width:7.14px"> </div>context<div style="display:inline-block;width:6.79px"> </div>of<div style="display:inline-block;width:7.14px"> </div>coherent<div style="display:inline-block;width:7.43px"> </div>scenarios<div style="display:inline-block;width:6.66px"> </div>with<div style="display:inline-block;width:7.14px"> </div>consistently<div style="display:inline-block;width:6.88px"> </div>developed </div><div id="a168229" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.2px;">macroeconomic<div style="display:inline-block;width:6.97px"> </div>factors.<div style="display:inline-block;width:6.88px"> </div>The<div style="display:inline-block;width:6.82px"> </div>table<div style="display:inline-block;width:6.6px"> </div>above<div style="display:inline-block;width:6.86px"> </div>outlines<div style="display:inline-block;width:6.91px"> </div>favorable<div style="display:inline-block;width:6.41px"> </div>and<div style="display:inline-block;width:7.03px"> </div>unfavorable<div style="display:inline-block;width:6.82px"> </div>effects,<div style="display:inline-block;width:6.35px"> </div>based<div style="display:inline-block;width:7.07px"> </div>on<div style="display:inline-block;width:6.55px"> </div>reasonably<div style="display:inline-block;width:7.06px"> </div>possible </div><div id="a168235" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.3px;">alternative changes to<div style="display:inline-block;width:1.69px"> </div>the economic conditions<div style="display:inline-block;width:2.22px"> </div>for stage 1 and<div style="display:inline-block;width:1.95px"> </div>stage 2 positions. The<div style="display:inline-block;width:1.53px"> </div>ECL impact<div style="display:inline-block;width:2.08px"> </div>is calculated for<div style="display:inline-block;width:1.58px"> </div>material </div><div id="a168242" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.4px;">portfolios and disclosed for each<div style="display:inline-block;width:5.05px"> </div>scenario.<div style="display:inline-block;width:11.53px"> </div></div><div id="a168248" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:68.6px;">The forecasting horizon is limited to three years, with a model<div style="display:inline-block;width:1.65px"> </div>-based mean reversion of PD and LGD assumed thereafter. </div><div id="a168252" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:83.8px;">Changes to these timelines may have an<div style="display:inline-block;width:5.31px"> </div>effect on ECLs: depending<div style="display:inline-block;width:5.47px"> </div>on the cycle, a longer or shorter forecasting horizon </div><div id="a168256" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:98.9px;">will lead to different annualized lifetime PD and average LGD estimations. This is currently not deemed to be material for </div><div id="a168257" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:114.5px;">UBS,<div style="display:inline-block;width:4.75px"> </div>as a large proportion<div style="display:inline-block;width:5.48px"> </div>of loans,<div style="display:inline-block;width:4.93px"> </div>including mortgages<div style="display:inline-block;width:5.53px"> </div>in Switzerland, have<div style="display:inline-block;width:5.09px"> </div>maturities that are<div style="display:inline-block;width:5.35px"> </div>within the<div style="display:inline-block;width:5.03px"> </div>forecasting </div><div id="a168270" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:129.6px;">horizon. </div><div id="a168272" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:152.3px;">Scenario weights and stage allocation </div><div id="a168274" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;left:4.905px;top:177.8px;">Potential effect<div style="display:inline-block;width:1.25px"> </div>on stage 1 and stage<div style="display:inline-block;width:0.87px"> </div>2 positions from<div style="display:inline-block;width:1.13px"> </div>changing scenario<div style="display:inline-block;width:0.72px"> </div>weights or moving to<div style="display:inline-block;width:0.71px"> </div>an ECL lifetime<div style="display:inline-block;width:1.39px"> </div>calculation<div style="display:inline-block;width:1.34px"> </div>as of 31 December<div style="display:inline-block;width:1.17px"> </div>2022</div></div><div id="TextBlockContainer1409" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:687px;height:221px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a168288" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.044px;top:23.2px;">Actual ECL </div><div id="a168289" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:226.99px;top:35px;">allowances and </div><div id="a168290" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.524px;top:46.9px;">provisions, </div><div id="a168291" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:220.844px;top:58.7px;">including staging </div><div id="a168292" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:228.417px;top:70px;">(as per Note 9) </div><div id="a168295" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:334.884px;top:58.7px;"><div style="display:inline-block;width:4.76px"> </div>Pro forma ECL allowances and provisions,<div style="display:inline-block;width:3.71px"> </div>including staging </div><div id="a168298" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.31px;top:70px;"><div style="display:inline-block;width:2.37px"> </div>and assuming application of 100% scenario weighting<div style="display:inline-block;width:6.68px"> </div></div><div id="a168302" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:626.377px;top:0px;">Pro forma ECL </div><div id="a168303" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:622.124px;top:11.8px;">allowances and </div><div id="a168304" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:639.617px;top:23.2px;">provisions, </div><div id="a168305" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.004px;top:35px;">assuming all </div><div id="a168306" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.07px;top:46.9px;">positions being </div><div id="a168307" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.604px;top:58.7px;">subject to lifetime </div><div id="a168308" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.71px;top:70px;">ECL<div style="display:inline-block;width:2.47px"> </div></div><div id="a168310" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:106px;">Scenarios </div><div id="a168313" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:216.59px;top:106px;">Weighted average </div><div id="a168316" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:306.497px;top:106px;">100% Baseline </div><div id="a168319" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:94.1px;">100% Asset price </div><div id="a168320" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:411.084px;top:106px;">inflation </div><div id="a168323" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:497.684px;top:82.3px;">100% </div><div id="a168324" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:470.23px;top:94.1px;">Stagflationary </div><div id="a168325" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:458.404px;top:106px;">geopolitical crisis<div style="display:inline-block;width:2.91px"> </div></div><div id="a168328" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.79px;top:106px;">100% Global crisis<div style="display:inline-block;width:2.84px"> </div></div><div id="a168331" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:611.724px;top:106px;">Weighted average </div><div id="a168333" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:118.8px;">USD m, except where indicated </div><div id="a168347" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:131.1px;">Segmentation </div><div id="a168361" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:143.8px;">Private clients with mortgages </div><div id="a168364_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.444px;top:143.8px;display:flex;">(136)</div><div id="a168368_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:347.684px;top:143.8px;display:flex;">(25)</div><div id="a168372_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.217px;top:143.8px;display:flex;">(13)</div><div id="a168376_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.524px;top:143.8px;display:flex;">(523)</div><div id="a168380_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:579.524px;top:143.8px;display:flex;">(184)</div><div id="a168384_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:658.564px;top:143.8px;display:flex;">(473)</div><div id="a168387" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:157.1px;">Real estate financing </div><div id="a168390_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:268.644px;top:157.1px;display:flex;">(43)</div><div id="a168394_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:347.684px;top:157.1px;display:flex;">(26)</div><div id="a168398_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.217px;top:157.1px;display:flex;">(22)</div><div id="a168402_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.524px;top:157.1px;display:flex;">(176)</div><div id="a168406_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.257px;top:157.1px;display:flex;">(30)</div><div id="a168410_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:658.564px;top:157.1px;display:flex;">(126)</div><div id="a168413" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:170.3px;">Large corporate clients </div><div id="a168416_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.444px;top:170.3px;display:flex;">(136)</div><div id="a168420_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:347.684px;top:170.3px;display:flex;">(97)</div><div id="a168424_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.217px;top:170.3px;display:flex;">(84)</div><div id="a168428_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.524px;top:170.3px;display:flex;">(199)</div><div id="a168432_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:579.524px;top:170.3px;display:flex;">(174)</div><div id="a168436_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:658.564px;top:170.3px;display:flex;">(235)</div><div id="a168439" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:183.5px;">SME clients </div><div id="a168442_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:268.644px;top:183.5px;display:flex;">(86)</div><div id="a168446_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:347.684px;top:183.5px;display:flex;">(67)</div><div id="a168450_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.217px;top:183.5px;display:flex;">(66)</div><div id="a168454_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.524px;top:183.5px;display:flex;">(162)</div><div id="a168458_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.257px;top:183.5px;display:flex;">(97)</div><div id="a168462_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:658.564px;top:183.5px;display:flex;">(153)</div><div id="a168465" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:197.3px;">Other segments </div><div id="a168468_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.444px;top:197.3px;display:flex;">(125)</div><div id="a168472_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.47px;top:197.3px;display:flex;">(114)</div><div id="a168476_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.484px;top:197.3px;display:flex;">(111)</div><div id="a168480_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.524px;top:197.3px;display:flex;">(145)</div><div id="a168484_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:579.524px;top:197.3px;display:flex;">(153)</div><div id="a168488_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:658.564px;top:197.3px;display:flex;">(281)</div><div id="a168491" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:210.5px;">Total </div><div id="a168494_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.444px;top:210.5px;display:flex;">(526)</div><div id="a168498_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.47px;top:210.5px;display:flex;">(329)</div><div id="a168502_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.484px;top:210.5px;display:flex;">(295)</div><div id="a168506_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:493.39px;top:210.5px;display:flex;">(1,204)</div><div id="a168510_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:579.524px;top:210.5px;display:flex;">(638)</div><div id="a168514_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:651.47px;top:210.5px;display:flex;">(1,267)</div></div><div id="TextBlockContainer1412" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:113px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a168517" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Scenario weights </div><div id="a168520" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">ECL is sensitive to changing scenario weights,<div style="display:inline-block;width:5.19px"> </div>in particular if narratives and parameters are<div style="display:inline-block;width:5.03px"> </div>selected that are not close to </div><div id="a168524" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.7px;">the baseline scenario, highlighting<div style="display:inline-block;width:5.33px"> </div>the non-linearity of credit losses. </div><div id="a168528" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.5px;">As<div style="display:inline-block;width:5.4px"> </div>shown<div style="display:inline-block;width:5.49px"> </div>in the<div style="display:inline-block;width:6.46px"> </div>table<div style="display:inline-block;width:5.18px"> </div>above,<div style="display:inline-block;width:5.03px"> </div>the<div style="display:inline-block;width:5.25px"> </div>ECLs<div style="display:inline-block;width:5.26px"> </div>for stage 1<div style="display:inline-block;width:6.59px"> </div>and<div style="display:inline-block;width:5.13px"> </div>stage 2<div style="display:inline-block;width:6.08px"> </div>positions<div style="display:inline-block;width:5.27px"> </div>would<div style="display:inline-block;width:5.43px"> </div>have been<div style="display:inline-block;width:6.68px"> </div>USD </div><div id="a168528_92_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:567.538px;top:53.5px;">329</div><div id="a168528_95_15" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:590.231px;top:53.5px;">m (31<div style="display:inline-block;width:5.23px"> </div>December </div><div id="a168545" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:68.6px;">2021:<div style="display:inline-block;width:5.67px"> </div>USD </div><div id="a168545_10_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:71.617px;top:68.6px;">387</div><div id="a168545_13_18" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:94.316px;top:68.6px;">m)<div style="display:inline-block;width:5.15px"> </div>instead of<div style="display:inline-block;width:6.55px"> </div>USD </div><div id="a168545_31_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:205.072px;top:68.6px;">526</div><div id="a168545_34_25" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:227.298px;top:68.6px;">m<div style="display:inline-block;width:5.05px"> </div>(31 December<div style="display:inline-block;width:5.22px"> </div>2021:<div style="display:inline-block;width:5.71px"> </div>USD </div><div id="a168545_59_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:395.311px;top:68.6px;">503</div><div id="a168545_62_45" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:417.538px;top:68.6px;">m)<div style="display:inline-block;width:5.15px"> </div>if ECLs<div style="display:inline-block;width:6.49px"> </div>had<div style="display:inline-block;width:5.13px"> </div>been<div style="display:inline-block;width:5.13px"> </div>determined<div style="display:inline-block;width:5.24px"> </div>solely<div style="display:inline-block;width:5.04px"> </div>on<div style="display:inline-block;width:5.61px"> </div>the </div><div id="a168560" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:84px;">baseline scenario</div><div id="a168561" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:100.965px;top:84.2px;">. The weighted-average<div style="display:inline-block;width:5.02px"> </div>ECL therefore amounted<div style="display:inline-block;width:5.25px"> </div>to </div><div id="a168561_49_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:398.584px;top:84.2px;">160</div><div id="a168561_52_21" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:421.312px;top:84.2px;">% (31 December 2021: </div><div id="a168561_73_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:559.505px;top:84.2px;">130</div><div id="a168561_76_19" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:581.725px;top:84.2px;">%) of the baseline </div><div id="a168579" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.3px;">value. The effects of weighting<div style="display:inline-block;width:5.1px"> </div>each of the four scenarios 100%<div style="display:inline-block;width:5.15px"> </div>are shown in the table above.</div></div><div id="TextBlockContainer1414" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:380px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a168619" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Stage allocation and SICR </div><div id="a168624" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">The determination<div style="display:inline-block;width:5.05px"> </div>of what<div style="display:inline-block;width:5.04px"> </div>constitutes an<div style="display:inline-block;width:5.09px"> </div>SICR is<div style="display:inline-block;width:5.03px"> </div>based on<div style="display:inline-block;width:5.28px"> </div>management judgment,<div style="display:inline-block;width:5.51px"> </div>as explained<div style="display:inline-block;width:5.08px"> </div>in Note 1a.<div style="display:inline-block;width:5.68px"> </div>Changing </div><div id="a168634" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.3px;">the SICR trigger will have a direct effect on ECLs, as more or fewer positions would be subject to lifetime ECLs under any </div><div id="a168635" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">scenario.<div style="display:inline-block;width:3.91px"> </div></div><div id="a168637" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:68.6px;">The<div style="display:inline-block;width:5.4px"> </div>relevance<div style="display:inline-block;width:5.04px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>SICR trigger<div style="display:inline-block;width:6.34px"> </div>on<div style="display:inline-block;width:5.13px"> </div>overall ECL<div style="display:inline-block;width:6.31px"> </div>is<div style="display:inline-block;width:5.15px"> </div>demonstrated<div style="display:inline-block;width:5.6px"> </div>in<div style="display:inline-block;width:5.33px"> </div>the table<div style="display:inline-block;width:6.28px"> </div>above with<div style="display:inline-block;width:6.54px"> </div>the<div style="display:inline-block;width:5.25px"> </div>indication that<div style="display:inline-block;width:6.29px"> </div>the<div style="display:inline-block;width:5.25px"> </div>ECL </div><div id="a168646" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:83.7px;">allowances and provisions<div style="display:inline-block;width:5.19px"> </div>for stage 1 and stage 2 positions<div style="display:inline-block;width:5.44px"> </div>would have been USD </div><div id="a168646_80_5" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:476.205px;top:83.7px;">1,267</div><div id="a168646_85_33" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:509.818px;top:83.7px;">m, if all non-impaired positions </div><div id="a168660" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:98.9px;">across the<div style="display:inline-block;width:5.07px"> </div>portfolio had been<div style="display:inline-block;width:5.51px"> </div>measured for<div style="display:inline-block;width:5.14px"> </div>lifetime ECLs irrespective of<div style="display:inline-block;width:5.63px"> </div>their actual SICR<div style="display:inline-block;width:5.67px"> </div>status. This<div style="display:inline-block;width:5.08px"> </div>amount compares </div><div id="a168664" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:114.5px;">with actual stage 1 and 2<div style="display:inline-block;width:5.06px"> </div>allowances and provisions of USD </div><div id="a168664_59_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:348.458px;top:114.5px;">526</div><div id="a168664_62_26" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:370.685px;top:114.5px;">m as of 31 December 2022. </div><div id="a168677" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:137.2px;">Maturity profile </div><div id="a168680" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:152.3px;">The maturity<div style="display:inline-block;width:5.74px"> </div>profile is<div style="display:inline-block;width:5.85px"> </div>an important<div style="display:inline-block;width:5.87px"> </div>driver in<div style="display:inline-block;width:5.94px"> </div>ECLs,<div style="display:inline-block;width:5.02px"> </div>in particular<div style="display:inline-block;width:5.41px"> </div>for transactions<div style="display:inline-block;width:6.56px"> </div>in stage<div style="display:inline-block;width:5.5px"> </div>2.<div style="display:inline-block;width:5.04px"> </div>A transfer<div style="display:inline-block;width:5.1px"> </div>of a<div style="display:inline-block;width:5.83px"> </div>transaction </div><div id="a168683" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:167.9px;">into stage<div style="display:inline-block;width:2.24px"> </div>2 may<div style="display:inline-block;width:1.84px"> </div>therefore have a<div style="display:inline-block;width:1.9px"> </div>significant effect on ECLs.<div style="display:inline-block;width:1.65px"> </div>The current maturity<div style="display:inline-block;width:2.04px"> </div>profile of most<div style="display:inline-block;width:1.75px"> </div>lending books is relatively </div><div id="a168685" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183.1px;">short.<div style="display:inline-block;width:4.07px"> </div></div><div id="a168687" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:205.8px;">Lending<div style="display:inline-block;width:5.23px"> </div>to large<div style="display:inline-block;width:5.77px"> </div>corporate clients<div style="display:inline-block;width:5.41px"> </div>is generally<div style="display:inline-block;width:5.56px"> </div>between<div style="display:inline-block;width:5.24px"> </div>one<div style="display:inline-block;width:5.13px"> </div>and two<div style="display:inline-block;width:5.39px"> </div>years, with<div style="display:inline-block;width:5.63px"> </div>related loan<div style="display:inline-block;width:6.11px"> </div>commitments up<div style="display:inline-block;width:6.04px"> </div>to four </div><div id="a168689" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:220.9px;">years. Real estate lending is generally between<div style="display:inline-block;width:5.26px"> </div>two and three years in Switzerland, with long<div style="display:inline-block;width:5.44px"> </div>dated maturities in the US. </div><div id="a168690" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:236.5px;">Lombard-lending<div style="display:inline-block;width:6.96px"> </div>contracts<div style="display:inline-block;width:6.21px"> </div>typically<div style="display:inline-block;width:6.22px"> </div>have<div style="display:inline-block;width:6.62px"> </div>average<div style="display:inline-block;width:6.47px"> </div>contractual<div style="display:inline-block;width:6.73px"> </div>maturities<div style="display:inline-block;width:6.28px"> </div>of<div style="display:inline-block;width:6.2px"> </div>12<div style="display:inline-block;width:6.55px"> </div>months<div style="display:inline-block;width:6.97px"> </div>or<div style="display:inline-block;width:6.2px"> </div>less,<div style="display:inline-block;width:6.25px"> </div>and<div style="display:inline-block;width:6.55px"> </div>include<div style="display:inline-block;width:6.34px"> </div>callable </div><div id="a168694" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:251.7px;">features.</div><div id="a168695" style="position:absolute;font-family:'Calibri';font-weight:normal;font-style:normal;color:#000000;left:54.592px;top:251.2px;"> </div><div id="a168696" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:274.9px;">A<div style="display:inline-block;width:6.3px"> </div>significant<div style="display:inline-block;width:5.98px"> </div>portion<div style="display:inline-block;width:6.55px"> </div>of<div style="display:inline-block;width:6.2px"> </div>our<div style="display:inline-block;width:6.4px"> </div>lending<div style="display:inline-block;width:6.28px"> </div>to<div style="display:inline-block;width:5.72px"> </div>SMEs<div style="display:inline-block;width:6.25px"> </div>and<div style="display:inline-block;width:6.08px"> </div>Real<div style="display:inline-block;width:6.25px"> </div>estate<div style="display:inline-block;width:5.89px"> </div>financings<div style="display:inline-block;width:6.44px"> </div>is<div style="display:inline-block;width:6.09px"> </div>documented<div style="display:inline-block;width:6.18px"> </div>under<div style="display:inline-block;width:6.6px"> </div>multi-purpose<div style="display:inline-block;width:6.73px"> </div>credit </div><div id="a168699" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:290px;">agreements,<div style="display:inline-block;width:5.07px"> </div>which allow<div style="display:inline-block;width:6.08px"> </div>for various<div style="display:inline-block;width:6.14px"> </div>forms of<div style="display:inline-block;width:5.62px"> </div>utilization<div style="display:inline-block;width:5.36px"> </div>but are<div style="display:inline-block;width:6.12px"> </div>unconditionally cancelable<div style="display:inline-block;width:6.3px"> </div>by UBS<div style="display:inline-block;width:6.14px"> </div>at any<div style="display:inline-block;width:5.63px"> </div>time: a)<div style="display:inline-block;width:6.05px"> </div>for </div><div id="a168701" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:305.2px;">drawings under such agreements with a fixed maturity, the respective term is<div style="display:inline-block;width:2.19px"> </div>applied for ECL calculations, or a maximum </div><div id="a168702" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:320.8px;">of 12 months in stage</div><div id="a168703" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:130.792px;top:320.6px;"> </div><div id="a168704" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:133.632px;top:320.8px;">1; b) for unused<div style="display:inline-block;width:5.46px"> </div>credit lines and all drawings<div style="display:inline-block;width:5.24px"> </div>that have no fixed<div style="display:inline-block;width:5.56px"> </div>maturity (e.g., current<div style="display:inline-block;width:5.07px"> </div>accounts), </div><div id="a168706" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:335.9px;">UBS generally applies a 12-month maturity from the reporting<div style="display:inline-block;width:5.03px"> </div>date, given the credit review policies, which require either </div><div id="a168709" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:351.1px;">continuous monitoring of key indicators and behavioral patterns<div style="display:inline-block;width:5.17px"> </div>for smaller positions or an annual formal review for any </div><div id="a168711" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:366.7px;">other limit. The ECLs for these products<div style="display:inline-block;width:5.25px"> </div>are sensitive to shortening<div style="display:inline-block;width:5.09px"> </div>or extending the maturity assumption.</div></div> 29000000 29000000 0 29000000 123000000 13000000 -77000000 -30000000 -21000000 -16000000 9000000 0 12000000 5000000 -18000000 -28000000 10000000 <div id="TextBlockContainer1335" style="position:relative;font-family:'Frutiger';font-size:11.823px;color:#000000;line-height:normal;width:689px;height:244px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a160240" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.38px;top:0px;">Credit loss expense<div style="display:inline-block;width:4.7px"> </div>/ (release) </div><div id="a160248" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:italic;left:4.38px;top:38.4px;">USD m </div><div id="a160250" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:305.816px;top:15.2px;">Global<div style="display:inline-block;width:2.45px"> </div></div><div id="a160252" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:303.442px;top:27px;">Wealth<div style="display:inline-block;width:2.81px"> </div></div><div id="a160254" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:280.709px;top:38.4px;">Management </div><div id="a160256" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:360.229px;top:15.2px;">Personal &amp;<div style="display:inline-block;width:3.22px"> </div></div><div id="a160258" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:362.589px;top:27px;">Corporate<div style="display:inline-block;width:2.93px"> </div></div><div id="a160260" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:369.216px;top:38.4px;">Banking </div><div id="a160262" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:450.136px;top:27px;">Asset </div><div id="a160264" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:421.736px;top:38.4px;">Management </div><div id="a160266" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:500.776px;top:27px;">Investment<div style="display:inline-block;width:2.53px"> </div></div><div id="a160268" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:522.056px;top:38.4px;">Bank </div><div id="a160270" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:587.816px;top:27px;">Group<div style="display:inline-block;width:2.66px"> </div></div><div id="a160272" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:576.002px;top:38.4px;">Functions </div><div id="a160274" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:662.602px;top:38.4px;">Total </div><div id="a160276" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:4.38px;top:51.6px;">For the year ended<div style="display:inline-block;width:3.9px"> </div>31.12.22 </div><div id="a160284" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:66.3px;">Stages 1 and 2 </div><div id="a160286" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:319.056px;top:66.3px;display:flex;">(5)</div><div id="a160288" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:386.242px;top:66.3px;">27</div><div id="a160290" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:462.442px;top:66.3px;">0</div><div id="a160292" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:532.456px;top:66.3px;">6</div><div id="a160294" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:602.509px;top:66.3px;">1</div><div id="a160296" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:667.802px;top:66.3px;">29</div><div id="a160298" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:80.9px;">Stage 3 </div><div id="a160300" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:320.949px;top:80.9px;">5</div><div id="a160302" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:386.242px;top:80.9px;">12</div><div id="a160304" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:462.442px;top:80.9px;">0</div><div id="a160306" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:525.842px;top:80.9px;display:flex;">(18)</div><div id="a160308" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:602.509px;top:80.9px;">2</div><div id="a160310" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:672.536px;top:80.9px;">0</div><div id="a160312" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:94.6px;">Total credit loss expense /<div style="display:inline-block;width:3.87px"> </div>(release) </div><div id="a160314" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:320.949px;top:94.6px;">0</div><div id="a160316" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:386.242px;top:94.6px;">39</div><div id="a160318" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:462.442px;top:94.6px;">0</div><div id="a160320" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:525.842px;top:94.6px;display:flex;">(12)</div><div id="a160322" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:602.509px;top:94.6px;">3</div><div id="a160324" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;color:#9A3D37;left:667.802px;top:94.6px;">29</div><div id="a160333" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:121.6px;">For the year ended<div style="display:inline-block;width:3.9px"> </div>31.12.21 </div><div id="a160341" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:136.3px;">Stages 1 and 2 </div><div id="a160343" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:314.322px;top:136.3px;display:flex;">(28)</div><div id="a160345" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:384.349px;top:136.3px;display:flex;">(62)</div><div id="a160347" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:463.389px;top:136.3px;">0</div><div id="a160349" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:525.842px;top:136.3px;display:flex;">(34)</div><div id="a160351" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:603.936px;top:136.3px;">0</div><div id="a160353" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:661.189px;top:136.3px;display:flex;">(123)</div><div id="a160355" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:150.5px;">Stage 3 </div><div id="a160357" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:319.056px;top:150.5px;display:flex;">(1)</div><div id="a160359" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:384.349px;top:150.5px;display:flex;">(24)</div><div id="a160361" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:463.389px;top:150.5px;">1</div><div id="a160363" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:533.882px;top:150.5px;">0</div><div id="a160365" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:603.936px;top:150.5px;">0</div><div id="a160367" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:665.909px;top:150.5px;display:flex;">(25)</div><div id="a160369" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:164.7px;">Total credit loss expense /<div style="display:inline-block;width:3.87px"> </div>(release) </div><div id="a160371" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:314.322px;top:164.7px;display:flex;">(29)</div><div id="a160373" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:384.349px;top:164.7px;display:flex;">(86)</div><div id="a160375" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:462.442px;top:164.7px;">1</div><div id="a160377" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:525.842px;top:164.7px;display:flex;">(34)</div><div id="a160379" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:602.509px;top:164.7px;">0</div><div id="a160381" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:661.189px;top:164.7px;display:flex;">(148)</div><div id="a160390" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:191.2px;">For the year ended<div style="display:inline-block;width:3.9px"> </div>31.12.20 </div><div id="a160398" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:205.8px;">Stages 1 and 2 </div><div id="a160400" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:317.629px;top:205.8px;">48</div><div id="a160402" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:382.922px;top:205.8px;">129</div><div id="a160404" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:463.389px;top:205.8px;">0</div><div id="a160406" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:529.149px;top:205.8px;">88</div><div id="a160408" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:603.936px;top:205.8px;">0</div><div id="a160410" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:664.496px;top:205.8px;">266</div><div id="a160412" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:220.5px;">Stage 3 </div><div id="a160414" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:317.629px;top:220.5px;">40</div><div id="a160416" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:382.922px;top:220.5px;">128</div><div id="a160418" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:463.389px;top:220.5px;">2</div><div id="a160420" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:524.416px;top:220.5px;">217</div><div id="a160422" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:599.176px;top:220.5px;">42</div><div id="a160424" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:664.496px;top:220.5px;">429</div><div id="a160426" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:4.38px;top:234.2px;">Total credit loss expense /<div style="display:inline-block;width:3.87px"> </div>(release) </div><div id="a160428" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:316.216px;top:234.2px;">88</div><div id="a160430" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:381.509px;top:234.2px;">257</div><div id="a160432" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:462.442px;top:234.2px;">2</div><div id="a160434" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:523.002px;top:234.2px;">305</div><div id="a160436" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:597.749px;top:234.2px;">42</div><div id="a160438" style="position:absolute;font-family:'Frutiger 47 CN';font-size:9.931px;font-weight:light;font-style:normal;left:663.069px;top:234.2px;">695</div></div> -5000000 27000000 0 6000000 1000000 29000000 5000000 12000000 0 -18000000 2000000 0 0 39000000 0 -12000000 3000000 29000000 -28000000 -62000000 0 -34000000 0 -123000000 -1000000 -24000000 1000000 0 0 -25000000 -29000000 -86000000 1000000 -34000000 0 -148000000 48000000 129000000 0 88000000 0 266000000 40000000 128000000 2000000 217000000 42000000 429000000 88000000 257000000 2000000 305000000 42000000 695000000 30000000 19000000 11000000 0 0.05 0.60 0.25 0.10 0.15 0.30 -131000000 -224000000 <div id="TextBlockContainer1343" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:688px;height:107px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a160951" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Economic scenarios and weights applied </div><div id="a160965" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.155px;top:13.4px;">Assigned weights in % </div><div id="a160967" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:3.679px;top:27.1px;">ECL scenario </div><div id="a160974" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:446.608px;top:27.1px;">31.12.22 </div><div id="a160979" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:646.742px;top:27.1px;">31.12.21 </div><div id="a160981" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:40.4px;">Asset price inflation </div><div id="a160989_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.355px;top:40.4px;">0.0</div><div id="a160995_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:40.4px;">5.0</div><div id="a160998" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:54.6px;">Baseline </div><div id="a161005_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.155px;top:54.6px;">60.0</div><div id="a161011_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.315px;top:54.6px;">55.0</div><div id="a161014" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:68.8px;">Mild global interest rate steepening<div style="display:inline-block;width:3.63px"> </div></div><div id="a161021_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.355px;top:68.8px;">0.0</div><div id="a161027_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.315px;top:68.8px;">10.0</div><div id="a161030" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:83px;">Stagflationary geopolitical crisis </div><div id="a161037_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.155px;top:83px;">25.0</div><div id="a161043_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:83px;">0.0</div><div id="a161046" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:97.2px;">Global crisis<div style="display:inline-block;width:2.98px"> </div></div><div id="a161053_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.155px;top:97.2px;">15.0</div><div id="a161059_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.315px;top:97.2px;">30.0</div></div> 0.000 0.050 0.600 0.550 0.000 0.100 0.250 0.000 0.150 0.300 <div id="TextBlockContainer1347" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:375px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a161063" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Scenario assumptions </div><div id="a161066" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:359.528px;top:0.2px;">One year<div style="display:inline-block;width:2.86px"> </div></div><div id="a161069" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:536.008px;top:0.2px;">Three years cumulative<div style="display:inline-block;width:3.69px"> </div></div><div id="a161071" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:3.679px;top:36.1px;">31.12.22 </div><div id="a161074" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:281.435px;top:24.3px;">Asset price </div><div id="a161075" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:291.395px;top:36.1px;">inflation </div><div id="a161077" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:338.248px;top:36.1px;">Baseline </div><div id="a161079" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:374.662px;top:12.5px;">Stagflationary </div><div id="a161080" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.168px;top:24.3px;">geopolitical </div><div id="a161081" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:407.795px;top:36.1px;">crisis<div style="display:inline-block;width:2.39px"> </div></div><div id="a161083" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:24.3px;">Global </div><div id="a161084" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:455.115px;top:36.1px;">crisis<div style="display:inline-block;width:2.39px"> </div></div><div id="a161087" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:483.488px;top:24.3px;">Asset price </div><div id="a161088" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:493.422px;top:36.1px;">inflation </div><div id="a161090" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:540.275px;top:36.1px;">Baseline </div><div id="a161092" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.715px;top:12.5px;">Stagflationary </div><div id="a161093" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:585.222px;top:24.3px;">geopolitical </div><div id="a161094" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:609.848px;top:36.1px;">crisis<div style="display:inline-block;width:2.39px"> </div></div><div id="a161096" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:650.995px;top:24.3px;">Global </div><div id="a161097" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:657.168px;top:36.1px;">crisis<div style="display:inline-block;width:2.39px"> </div></div><div id="a161099" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:48.4px;">Real GDP growth (% change) </div><div id="a161111" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:61.7px;">United States </div><div id="a161114_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:61.7px;">4.0</div><div id="a161117_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:351.488px;top:61.7px;display:flex;">(0.3)</div><div id="a161120_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.262px;top:61.7px;display:flex;">(4.8)</div><div id="a161123_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.595px;top:61.7px;display:flex;">(6.4)</div><div id="a161127_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.422px;top:61.7px;">9.1</div><div id="a161130_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:558.742px;top:61.7px;">3.2</div><div id="a161133_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:610.328px;top:61.7px;display:flex;">(4.4)</div><div id="a161136_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.648px;top:61.7px;display:flex;">(1.8)</div><div id="a161139" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:75.4px;">Eurozone </div><div id="a161142_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:75.4px;">3.0</div><div id="a161145_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:75.4px;">0.6</div><div id="a161148_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.262px;top:75.4px;display:flex;">(5.6)</div><div id="a161151_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.595px;top:75.4px;display:flex;">(8.5)</div><div id="a161155_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.422px;top:75.4px;">6.2</div><div id="a161158_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:558.742px;top:75.4px;">2.5</div><div id="a161161_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:610.328px;top:75.4px;display:flex;">(5.7)</div><div id="a161164_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.648px;top:75.4px;display:flex;">(8.3)</div><div id="a161167" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:88.6px;">Switzerland </div><div id="a161170_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:88.6px;">3.0</div><div id="a161173_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:88.6px;">0.7</div><div id="a161176_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.262px;top:88.6px;display:flex;">(4.8)</div><div id="a161179_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.595px;top:88.6px;display:flex;">(6.7)</div><div id="a161183_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.422px;top:88.6px;">6.6</div><div id="a161186_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:558.742px;top:88.6px;">3.5</div><div id="a161189_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:610.328px;top:88.6px;display:flex;">(4.9)</div><div id="a161192_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.648px;top:88.6px;display:flex;">(3.7)</div><div id="a161195" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:101.4px;">Consumer price index (% change) </div><div id="a161198" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.195px;top:101.4px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a161208" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:114.7px;">United States </div><div id="a161211_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:114.7px;">2.5</div><div id="a161214_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:114.7px;">2.6</div><div id="a161217_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.262px;top:114.7px;">10.0</div><div id="a161220_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.595px;top:114.7px;display:flex;">(0.5)</div><div id="a161224_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.422px;top:114.7px;">8.1</div><div id="a161227_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:558.742px;top:114.7px;">6.5</div><div id="a161230_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:610.328px;top:114.7px;">15.8</div><div id="a161233_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.848px;top:114.7px;">1.2</div><div id="a161236" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:127.9px;">Eurozone </div><div id="a161239_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:127.9px;">2.3</div><div id="a161242_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:127.9px;">5.0</div><div id="a161245_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.475px;top:127.9px;">9.6</div><div id="a161248_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.595px;top:127.9px;display:flex;">(0.7)</div><div id="a161252_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.422px;top:127.9px;">7.4</div><div id="a161255_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:558.742px;top:127.9px;">9.6</div><div id="a161258_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:610.328px;top:127.9px;">14.8</div><div id="a161261_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.648px;top:127.9px;display:flex;">(0.7)</div><div id="a161264" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:141.1px;">Switzerland </div><div id="a161267_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:141.1px;">2.1</div><div id="a161270_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:141.1px;">1.6</div><div id="a161273_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.475px;top:141.1px;">5.8</div><div id="a161276_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.595px;top:141.1px;display:flex;">(1.8)</div><div id="a161280_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.422px;top:141.1px;">6.2</div><div id="a161283_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:558.742px;top:141.1px;">3.9</div><div id="a161286_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:610.328px;top:141.1px;">10.7</div><div id="a161289_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.648px;top:141.1px;display:flex;">(1.6)</div><div id="a161292" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:153.9px;">Unemployment rate (end-of<div style="display:inline-block;width:1.44px"> </div>-period level, %) </div><div id="a161308" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:167.2px;">United States </div><div id="a161311_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:167.2px;">3.0</div><div id="a161314_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:167.2px;">3.9</div><div id="a161317_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.475px;top:167.2px;">9.2</div><div id="a161320_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.595px;top:167.2px;">10.0</div><div id="a161324_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.422px;top:167.2px;">3.0</div><div id="a161327_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:558.742px;top:167.2px;">5.3</div><div id="a161330_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:610.328px;top:167.2px;">11.8</div><div id="a161333_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.848px;top:167.2px;">9.4</div><div id="a161336" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:180.4px;">Eurozone </div><div id="a161339_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:180.4px;">6.0</div><div id="a161342_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:180.4px;">7.0</div><div id="a161345_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.262px;top:180.4px;">10.9</div><div id="a161348_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.595px;top:180.4px;">11.9</div><div id="a161352_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.422px;top:180.4px;">6.0</div><div id="a161355_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:558.742px;top:180.4px;">7.1</div><div id="a161358_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:610.328px;top:180.4px;">12.2</div><div id="a161361_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.648px;top:180.4px;">13.0</div><div id="a161364" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:194.1px;">Switzerland </div><div id="a161367_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:194.1px;">1.7</div><div id="a161370_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:194.1px;">2.3</div><div id="a161373_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.475px;top:194.1px;">4.3</div><div id="a161376_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.795px;top:194.1px;">4.4</div><div id="a161380_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.422px;top:194.1px;">1.5</div><div id="a161383_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:558.742px;top:194.1px;">2.6</div><div id="a161386_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.528px;top:194.1px;">5.1</div><div id="a161389_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.848px;top:194.1px;">4.9</div><div id="a161392" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:206.4px;">Fixed income: 10-year government<div style="display:inline-block;width:3.84px"> </div>bonds (change in yields, basis points) </div><div id="a161407" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:219.7px;">USD </div><div id="a161410_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:304.168px;top:219.7px;">25.0</div><div id="a161413_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:351.488px;top:219.7px;display:flex;">(5.6)</div><div id="a161416_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.542px;top:219.7px;">235.0</div><div id="a161419_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:445.662px;top:219.7px;display:flex;">(326.0)</div><div id="a161423_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.222px;top:219.7px;">70.0</div><div id="a161426_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:548.342px;top:219.7px;display:flex;">(13.2)</div><div id="a161429_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.595px;top:219.7px;">205.0</div><div id="a161432_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.688px;top:219.7px;display:flex;">(291.1)</div><div id="a161435" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:233.4px;">EUR </div><div id="a161438_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:304.168px;top:233.4px;">20.0</div><div id="a161441_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:351.488px;top:233.4px;">47.8</div><div id="a161444_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.542px;top:233.4px;">250.0</div><div id="a161447_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:445.662px;top:233.4px;display:flex;">(270.6)</div><div id="a161451_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.222px;top:233.4px;">57.5</div><div id="a161454_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.542px;top:233.4px;">44.7</div><div id="a161457_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.595px;top:233.4px;">220.0</div><div id="a161460_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.688px;top:233.4px;display:flex;">(246.5)</div><div id="a161463" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:246.6px;">CHF </div><div id="a161466_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:304.168px;top:246.6px;">25.0</div><div id="a161469_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:351.488px;top:246.6px;">45.7</div><div id="a161472_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.542px;top:246.6px;">220.0</div><div id="a161475_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:445.662px;top:246.6px;display:flex;">(209.7)</div><div id="a161479_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.222px;top:246.6px;">62.5</div><div id="a161482_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.542px;top:246.6px;">57.0</div><div id="a161485_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.595px;top:246.6px;">205.0</div><div id="a161488_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.688px;top:246.6px;display:flex;">(159.6)</div><div id="a161491" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:259.4px;">Equity indices (% change) </div><div id="a161503" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:272.7px;">S&amp;P 500 </div><div id="a161506_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:304.168px;top:272.7px;">20.0</div><div id="a161509_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:272.7px;">7.4</div><div id="a161512_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.062px;top:272.7px;display:flex;">(51.5)</div><div id="a161515_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:450.382px;top:272.7px;display:flex;">(50.0)</div><div id="a161519_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.222px;top:272.7px;">51.7</div><div id="a161522_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.542px;top:272.7px;">22.8</div><div id="a161525_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.128px;top:272.7px;display:flex;">(45.6)</div><div id="a161528_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.448px;top:272.7px;display:flex;">(27.9)</div><div id="a161531" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:285.9px;">EuroStoxx 50 </div><div id="a161534_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:304.168px;top:285.9px;">17.0</div><div id="a161537_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:351.488px;top:285.9px;">17.2</div><div id="a161540_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.062px;top:285.9px;display:flex;">(51.6)</div><div id="a161543_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:450.382px;top:285.9px;display:flex;">(50.0)</div><div id="a161547_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.222px;top:285.9px;">42.9</div><div id="a161550_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.542px;top:285.9px;">29.2</div><div id="a161553_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.128px;top:285.9px;display:flex;">(47.2)</div><div id="a161556_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.448px;top:285.9px;display:flex;">(39.3)</div><div id="a161559" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:299.2px;">SPI </div><div id="a161562_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:304.168px;top:299.2px;">14.0</div><div id="a161565_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:299.2px;">5.6</div><div id="a161568_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.062px;top:299.2px;display:flex;">(51.6)</div><div id="a161571_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:450.382px;top:299.2px;display:flex;">(46.0)</div><div id="a161575_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.222px;top:299.2px;">37.9</div><div id="a161578_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.542px;top:299.2px;">19.3</div><div id="a161581_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.128px;top:299.2px;display:flex;">(47.2)</div><div id="a161584_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.448px;top:299.2px;display:flex;">(32.9)</div><div id="a161587" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:311.9px;">Swiss real estate (% change) </div><div id="a161600" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:325.2px;">Single-Family Homes<div style="display:inline-block;width:3.32px"> </div></div><div id="a161605_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:325.2px;">6.6</div><div id="a161608_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:325.2px;">1.1</div><div id="a161611_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.062px;top:325.2px;display:flex;">(16.7)</div><div id="a161614_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:450.382px;top:325.2px;display:flex;">(19.9)</div><div id="a161618_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.222px;top:325.2px;">14.0</div><div id="a161621_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:558.742px;top:325.2px;">2.3</div><div id="a161624_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.128px;top:325.2px;display:flex;">(32.9)</div><div id="a161627_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.448px;top:325.2px;display:flex;">(23.9)</div><div id="a161630" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:337.9px;">Other real estate (% change) </div><div id="a161642" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:351.2px;">United States (S&amp;P / Case–Shiller) </div><div id="a161647_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:351.2px;">7.8</div><div id="a161650_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:351.488px;top:351.2px;display:flex;">(4.5)</div><div id="a161653_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.062px;top:351.2px;display:flex;">(12.8)</div><div id="a161656_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:450.382px;top:351.2px;display:flex;">(19.3)</div><div id="a161660_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.222px;top:351.2px;">19.1</div><div id="a161663_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.542px;top:351.2px;display:flex;">(0.6)</div><div id="a161666_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.128px;top:351.2px;display:flex;">(35.8)</div><div id="a161669_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.448px;top:351.2px;display:flex;">(32.7)</div><div id="a161672" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:364.5px;">Eurozone (House Price Index) </div><div id="a161675_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:364.5px;">7.0</div><div id="a161678_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:351.488px;top:364.5px;display:flex;">(2.7)</div><div id="a161681_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.262px;top:364.5px;display:flex;">(8.4)</div><div id="a161684_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.595px;top:364.5px;display:flex;">(8.9)</div><div id="a161688_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.222px;top:364.5px;">15.4</div><div id="a161691_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:558.742px;top:364.5px;">2.0</div><div id="a161694_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.128px;top:364.5px;display:flex;">(14.7)</div><div id="a161697_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.448px;top:364.5px;display:flex;">(17.5)</div></div> 0.040 -0.003 -0.048 -0.064 0.091 0.032 -0.044 -0.018 0.030 0.006 -0.056 -0.085 0.062 0.025 -0.057 -0.083 0.030 0.007 -0.048 -0.067 0.066 0.035 -0.049 -0.037 0.025 0.026 0.100 -0.005 0.081 0.065 0.158 0.012 0.023 0.050 0.096 -0.007 0.074 0.096 0.148 -0.007 0.021 0.016 0.058 -0.018 0.062 0.039 0.107 -0.016 0.030 0.039 0.092 0.100 0.030 0.053 0.118 0.094 0.060 0.070 0.109 0.119 0.060 0.071 0.122 0.130 0.017 0.023 0.043 0.044 0.015 0.026 0.051 0.049 0.00250 -0.00056 0.02350 -0.03260 0.00700 -0.00132 0.02050 -0.02911 0.00200 0.00478 0.02500 -0.02706 0.00575 0.00447 0.02200 -0.02465 0.00250 0.00457 0.02200 -0.02097 0.00625 0.00570 0.02050 -0.01596 0.200 0.074 -0.515 -0.500 0.517 0.228 -0.456 -0.279 0.170 0.172 -0.516 -0.500 0.429 0.292 -0.472 -0.393 0.140 0.056 -0.516 -0.460 0.379 0.193 -0.472 -0.329 0.066 0.011 -0.167 -0.199 0.140 0.023 -0.329 -0.239 0.078 -0.045 -0.128 -0.193 0.191 -0.006 -0.358 -0.327 0.070 -0.027 -0.084 -0.089 0.154 0.020 -0.147 -0.175 <div id="TextBlockContainer1351" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:700px;height:375px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a161735" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0.5px;">Scenario assumptions </div><div id="a161738" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.355px;top:0.2px;">One year<div style="display:inline-block;width:2.85px"> </div></div><div id="a161741" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.702px;top:0.2px;">Three years cumulative<div style="display:inline-block;width:3.65px"> </div></div><div id="a161743" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:36.1px;">31.12.21 </div><div id="a161746" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:292.342px;top:24.8px;">Asset price </div><div id="a161747" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:302.275px;top:36.1px;">inflation </div><div id="a161749" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:353.382px;top:36.1px;">Baseline </div><div id="a161751" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:393.608px;top:12.9px;">Mild global </div><div id="a161752" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:390.768px;top:24.8px;">interest rate </div><div id="a161753" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:395.022px;top:36.1px;">steepening<div style="display:inline-block;width:2.74px"> </div></div><div id="a161755" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:441.875px;top:36.1px;">Global crisis<div style="display:inline-block;width:2.95px"> </div></div><div id="a161758" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:496.768px;top:24.8px;">Asset price </div><div id="a161759" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.688px;top:36.1px;">inflation </div><div id="a161761" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:557.328px;top:36.1px;">Baseline </div><div id="a161763" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:12.9px;">Mild global </div><div id="a161764" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:594.688px;top:24.8px;">interest rate </div><div id="a161765" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.942px;top:36.1px;">steepening<div style="display:inline-block;width:2.76px"> </div></div><div id="a161767" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.795px;top:36.1px;">Global crisis<div style="display:inline-block;width:2.98px"> </div></div><div id="a161769" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:48.9px;">Real GDP growth (% change) </div><div id="a161781" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:62.1px;">United States </div><div id="a161784_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:62.1px;">9.1</div><div id="a161787_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:62.1px;">4.4</div><div id="a161790_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:417.728px;top:62.1px;display:flex;">(0.1)</div><div id="a161793_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.835px;top:62.1px;display:flex;">(5.9)</div><div id="a161797_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:62.1px;">17.8</div><div id="a161800_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.568px;top:62.1px;">10.1</div><div id="a161803_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:626.875px;top:62.1px;">1.8</div><div id="a161806_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.782px;top:62.1px;display:flex;">(3.8)</div><div id="a161809" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:75.4px;">Eurozone </div><div id="a161812_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:75.4px;">9.4</div><div id="a161815_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:75.4px;">3.9</div><div id="a161818_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:417.728px;top:75.4px;display:flex;">(0.1)</div><div id="a161821_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.835px;top:75.4px;display:flex;">(8.7)</div><div id="a161825_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:75.4px;">17.3</div><div id="a161828_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.768px;top:75.4px;">7.5</div><div id="a161831_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:626.875px;top:75.4px;">0.9</div><div id="a161834_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:75.4px;display:flex;">(10.3)</div><div id="a161837" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:88.6px;">Switzerland </div><div id="a161840_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:88.6px;">5.5</div><div id="a161843_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:88.6px;">2.4</div><div id="a161846_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:417.728px;top:88.6px;display:flex;">(0.9)</div><div id="a161849_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.835px;top:88.6px;display:flex;">(6.6)</div><div id="a161853_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:88.6px;">13.1</div><div id="a161856_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.768px;top:88.6px;">5.8</div><div id="a161859_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:621.675px;top:88.6px;display:flex;">(0.1)</div><div id="a161862_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.782px;top:88.6px;display:flex;">(5.7)</div><div id="a161865" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:101.4px;">Consumer price index (% change) </div><div id="a161877" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:114.7px;">United States </div><div id="a161880_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:114.7px;">3.1</div><div id="a161883_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:114.7px;">2.2</div><div id="a161886_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:422.928px;top:114.7px;">5.7</div><div id="a161889_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.835px;top:114.7px;display:flex;">(1.2)</div><div id="a161893_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:524.662px;top:114.7px;">9.5</div><div id="a161896_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.768px;top:114.7px;">6.3</div><div id="a161899_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:621.675px;top:114.7px;">13.0</div><div id="a161902_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:677.982px;top:114.7px;">0.4</div><div id="a161905" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:127.9px;">Eurozone </div><div id="a161908_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:127.9px;">2.3</div><div id="a161911_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:127.9px;">1.4</div><div id="a161914_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:422.928px;top:127.9px;">4.2</div><div id="a161917_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.835px;top:127.9px;display:flex;">(1.3)</div><div id="a161921_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:524.662px;top:127.9px;">8.0</div><div id="a161924_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.768px;top:127.9px;">4.8</div><div id="a161927_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:621.675px;top:127.9px;">10.4</div><div id="a161930_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.782px;top:127.9px;display:flex;">(1.7)</div><div id="a161933" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:141.6px;">Switzerland </div><div id="a161936_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:141.6px;">1.8</div><div id="a161939_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:141.6px;">0.3</div><div id="a161942_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:422.928px;top:141.6px;">3.5</div><div id="a161945_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.835px;top:141.6px;display:flex;">(1.8)</div><div id="a161949_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:524.662px;top:141.6px;">6.1</div><div id="a161952_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.768px;top:141.6px;">1.7</div><div id="a161955_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:626.875px;top:141.6px;">9.0</div><div id="a161958_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.782px;top:141.6px;display:flex;">(1.6)</div><div id="a161961" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:153.9px;">Unemployment rate (end-of<div style="display:inline-block;width:1.44px"> </div>-period level, %) </div><div id="a161977" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:167.6px;">United States </div><div id="a161980_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:167.6px;">3.0</div><div id="a161983_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:167.6px;">3.9</div><div id="a161986_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:422.928px;top:167.6px;">6.1</div><div id="a161989_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.835px;top:167.6px;">10.9</div><div id="a161993_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:524.662px;top:167.6px;">3.0</div><div id="a161996_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.768px;top:167.6px;">3.5</div><div id="a161999_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:626.875px;top:167.6px;">7.2</div><div id="a162002_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.782px;top:167.6px;">10.8</div><div id="a162005" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:180.9px;">Eurozone </div><div id="a162008_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:180.9px;">6.2</div><div id="a162011_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:180.9px;">7.4</div><div id="a162014_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:422.928px;top:180.9px;">8.7</div><div id="a162017_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.835px;top:180.9px;">12.9</div><div id="a162021_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:524.662px;top:180.9px;">6.0</div><div id="a162024_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.768px;top:180.9px;">7.2</div><div id="a162027_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:626.875px;top:180.9px;">9.1</div><div id="a162030_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.782px;top:180.9px;">15.1</div><div id="a162033" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:194.1px;">Switzerland </div><div id="a162036_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:194.1px;">2.3</div><div id="a162039_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:194.1px;">2.5</div><div id="a162042_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:422.928px;top:194.1px;">3.4</div><div id="a162045_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.035px;top:194.1px;">5.2</div><div id="a162049_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:524.662px;top:194.1px;">1.6</div><div id="a162052_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.768px;top:194.1px;">2.3</div><div id="a162055_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:626.875px;top:194.1px;">4.2</div><div id="a162058_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:677.982px;top:194.1px;">5.9</div><div id="a162061" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:206.9px;">Fixed income: 10-year government<div style="display:inline-block;width:3.87px"> </div>bonds (change in yields, basis points) </div><div id="a162076" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:220.2px;">USD </div><div id="a162079_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.035px;top:220.2px;">50.0</div><div id="a162082_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:220.2px;">16.5</div><div id="a162085_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.995px;top:220.2px;">259.2</div><div id="a162088_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.622px;top:220.2px;display:flex;">(50.0)</div><div id="a162092_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:514.728px;top:220.2px;">170.0</div><div id="a162095_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.568px;top:220.2px;">41.2</div><div id="a162098_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.942px;top:220.2px;">329.2</div><div id="a162101_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:220.2px;display:flex;">(15.0)</div><div id="a162104" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:233.4px;">EUR </div><div id="a162107_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.035px;top:233.4px;">40.0</div><div id="a162110_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:233.4px;">11.1</div><div id="a162113_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.995px;top:233.4px;">283.8</div><div id="a162116_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.622px;top:233.4px;display:flex;">(35.0)</div><div id="a162120_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:514.728px;top:233.4px;">140.0</div><div id="a162123_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.568px;top:233.4px;">34.9</div><div id="a162126_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.942px;top:233.4px;">349.3</div><div id="a162129_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:233.4px;display:flex;">(25.0)</div><div id="a162132" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:246.6px;">CHF </div><div id="a162135_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.035px;top:246.6px;">50.0</div><div id="a162138_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:246.6px;">12.1</div><div id="a162141_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.995px;top:246.6px;">245.5</div><div id="a162144_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.622px;top:246.6px;display:flex;">(70.0)</div><div id="a162148_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:514.728px;top:246.6px;">150.0</div><div id="a162151_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.568px;top:246.6px;">34.4</div><div id="a162154_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.942px;top:246.6px;">307.3</div><div id="a162157_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:246.6px;display:flex;">(35.0)</div><div id="a162160" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:259.4px;">Equity indices (% change) </div><div id="a162172" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:272.7px;">S&amp;P 500 </div><div id="a162175_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.035px;top:272.7px;">12.0</div><div id="a162178_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:272.7px;">14.1</div><div id="a162181_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.528px;top:272.7px;display:flex;">(27.0)</div><div id="a162184_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.622px;top:272.7px;display:flex;">(50.2)</div><div id="a162188_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:272.7px;">35.5</div><div id="a162191_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.568px;top:272.7px;">24.7</div><div id="a162194_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.475px;top:272.7px;display:flex;">(21.8)</div><div id="a162197_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:272.7px;display:flex;">(40.1)</div><div id="a162200" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:286.4px;">EuroStoxx 50 </div><div id="a162203_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.035px;top:286.4px;">16.0</div><div id="a162206_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:286.4px;">12.3</div><div id="a162209_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.528px;top:286.4px;display:flex;">(23.4)</div><div id="a162212_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.622px;top:286.4px;display:flex;">(57.6)</div><div id="a162216_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:286.4px;">41.6</div><div id="a162219_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.568px;top:286.4px;">20.7</div><div id="a162222_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.475px;top:286.4px;display:flex;">(19.9)</div><div id="a162225_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:286.4px;display:flex;">(50.4)</div><div id="a162228" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:299.6px;">SPI </div><div id="a162231_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.035px;top:299.6px;">14.0</div><div id="a162234_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:299.6px;">12.1</div><div id="a162237_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.528px;top:299.6px;display:flex;">(22.9)</div><div id="a162240_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.622px;top:299.6px;display:flex;">(53.6)</div><div id="a162244_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:299.6px;">37.9</div><div id="a162247_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.568px;top:299.6px;">19.1</div><div id="a162250_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.475px;top:299.6px;display:flex;">(19.6)</div><div id="a162253_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:299.6px;display:flex;">(44.2)</div><div id="a162256" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:312.4px;">Swiss real estate (% change) </div><div id="a162269" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:325.7px;">Single-Family Homes<div style="display:inline-block;width:3.32px"> </div></div><div id="a162274_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:325.7px;">5.1</div><div id="a162277_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:325.7px;">4.4</div><div id="a162280_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:417.728px;top:325.7px;display:flex;">(4.3)</div><div id="a162283_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.622px;top:325.7px;display:flex;">(17.0)</div><div id="a162287_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:325.7px;">15.5</div><div id="a162290_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.768px;top:325.7px;">7.4</div><div id="a162293_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:621.675px;top:325.7px;display:flex;">(8.8)</div><div id="a162296_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:325.7px;display:flex;">(30.0)</div><div id="a162299" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:338.5px;">Other real estate (% change) </div><div id="a162311" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:351.7px;">United States (S&amp;P / Case–Shiller) </div><div id="a162316_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.035px;top:351.7px;">10.0</div><div id="a162319_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:351.7px;">3.5</div><div id="a162322_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:417.728px;top:351.7px;display:flex;">(2.3)</div><div id="a162325_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.835px;top:351.7px;display:flex;">(9.5)</div><div id="a162329_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:351.7px;">21.7</div><div id="a162332_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.768px;top:351.7px;">7.1</div><div id="a162335_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:621.675px;top:351.7px;display:flex;">(8.7)</div><div id="a162338_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:351.7px;display:flex;">(26.3)</div><div id="a162341" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:364.9px;">Eurozone (House Price Index) </div><div id="a162345_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:364.9px;">8.4</div><div id="a162348_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.822px;top:364.9px;">5.1</div><div id="a162351_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:417.728px;top:364.9px;display:flex;">(4.0)</div><div id="a162354_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.835px;top:364.9px;display:flex;">(5.4)</div><div id="a162358_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:364.9px;">17.8</div><div id="a162361_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.768px;top:364.9px;">9.6</div><div id="a162364_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:621.675px;top:364.9px;display:flex;">(7.6)</div><div id="a162367_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:364.9px;display:flex;">(10.8)</div></div> 0.091 0.044 -0.001 -0.059 0.178 0.101 0.018 -0.038 0.094 0.039 -0.001 -0.087 0.173 0.075 0.009 -0.103 0.055 0.024 -0.009 -0.066 0.131 0.058 -0.001 -0.057 0.031 0.022 0.057 -0.012 0.095 0.063 0.130 0.004 0.023 0.014 0.042 -0.013 0.080 0.048 0.104 -0.017 0.018 0.003 0.035 -0.018 0.061 0.017 0.090 -0.016 0.030 0.039 0.061 0.109 0.030 0.035 0.072 0.108 0.062 0.074 0.087 0.129 0.060 0.072 0.091 0.151 0.023 0.025 0.034 0.052 0.016 0.023 0.042 0.059 0.00500 0.00165 0.02592 -0.00500 0.01700 0.00412 0.03292 -0.00150 0.00400 0.00111 0.02838 -0.00350 0.01400 0.00349 0.03493 -0.00250 0.00500 0.00121 0.02455 -0.00700 0.01500 0.00344 0.03073 -0.00350 0.120 0.141 -0.270 -0.502 0.355 0.247 -0.218 -0.401 0.160 0.123 -0.234 -0.576 0.416 0.207 -0.199 -0.504 0.140 0.121 -0.229 -0.536 0.379 0.191 -0.196 -0.442 0.051 0.044 -0.043 -0.170 0.155 0.074 -0.088 -0.300 0.100 0.035 -0.023 -0.095 0.217 0.071 -0.087 -0.263 0.084 0.051 -0.040 -0.054 0.178 0.096 -0.076 -0.108 <div id="TextBlockContainer1360" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:695px;height:468px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1358_XBRL_TS_b54daff7efbc45c7bed2a3f9f66a8b12" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1359" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:695px;height:468px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a162504" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Development of ECL allowances<div style="display:inline-block;width:4.21px"> </div>and provisions </div><div id="a162510" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:12.5px;">USD m </div><div id="a162513" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:402.595px;top:12.5px;">Total </div><div id="a162515" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:480.182px;top:12.5px;">Stage 1 </div><div id="a162517" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:567.262px;top:12.5px;">Stage 2 </div><div id="a162519" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:654.342px;top:12.5px;">Stage 3 </div><div id="a162521" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:25.2px;">Balance as of 31 December 2021 </div><div id="a162524_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:394.075px;top:25.2px;display:flex;">(1,165)</div><div id="a162527_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:488.222px;top:25.2px;display:flex;">(282)</div><div id="a162530_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:575.302px;top:25.2px;display:flex;">(220)</div><div id="a162533_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:662.368px;top:25.2px;display:flex;">(662)</div><div id="a162536" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:38px;">Net movement from new and derecognized<div style="display:inline-block;width:4.27px"> </div>transactions</div><div id="a162537" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:216.608px;top:38.7px;">1</div><div id="a162540_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.102px;top:38px;display:flex;">(7)</div><div id="a162543_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:493.422px;top:38px;display:flex;">(21)</div><div id="a162546_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:585.222px;top:38px;">16</div><div id="a162549_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:672.302px;top:38px;display:flex;">(2)</div><div id="a162552" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:51.3px;">of which: Private clients with mortgages </div><div id="a162555_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:51.3px;display:flex;">(6)</div><div id="a162559_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:51.3px;display:flex;">(6)</div><div id="a162562_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:51.3px;">0</div><div id="a162565_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:51.3px;">0</div><div id="a162568" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:64.5px;">of which: Real estate financing </div><div id="a162571_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:64.5px;display:flex;">(3)</div><div id="a162574_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:64.5px;display:flex;">(5)</div><div id="a162577_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:64.5px;">2</div><div id="a162580_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:64.5px;">0</div><div id="a162583" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:77.7px;">of which: Large corporate clients </div><div id="a162586_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:77.7px;">8</div><div id="a162589_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:77.7px;display:flex;">(1)</div><div id="a162592_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:585.222px;top:77.7px;">11</div><div id="a162595_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:77.7px;display:flex;">(2)</div><div id="a162598" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:91.5px;">of which: SME clients </div><div id="a162601_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:91.5px;display:flex;">(1)</div><div id="a162604_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:91.5px;display:flex;">(1)</div><div id="a162607_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:91.5px;">0</div><div id="a162610_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:91.5px;">0</div><div id="a162613" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:104.7px;">of which: Other </div><div id="a162616_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:104.7px;display:flex;">(6)</div><div id="a162619_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:104.7px;display:flex;">(8)</div><div id="a162622_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:104.7px;">3</div><div id="a162625_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:104.7px;">0</div><div id="a162628" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:118px;"><div style="display:inline-block;width:4.73px"> </div>of which: Financial intermediaries and hedge<div style="display:inline-block;width:3.71px"> </div>funds </div><div id="a162632_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:118px;">0</div><div id="a162635_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:118px;display:flex;">(2)</div><div id="a162638_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:118px;">2</div><div id="a162641_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:118px;">0</div><div id="a162644" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:131.2px;"><div style="display:inline-block;width:4.73px"> </div>of which: Loans to financial advisors </div><div id="a162648_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:131.2px;">0</div><div id="a162651_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:131.2px;">0</div><div id="a162654_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:131.2px;">0</div><div id="a162657_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:131.2px;">0</div><div id="a162660" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:144px;">Remeasurements with stage transfers</div><div id="a162661" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:148.955px;top:144.6px;">2</div><div id="a162664_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:406.368px;top:144px;display:flex;">(65)</div><div id="a162667_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:498.182px;top:144px;">20</div><div id="a162670_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:580.502px;top:144px;display:flex;">(39)</div><div id="a162673_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:667.582px;top:144px;display:flex;">(46)</div><div id="a162676" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:157.2px;">of which: Private clients with mortgages </div><div id="a162679_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:157.2px;display:flex;">(10)</div><div id="a162682_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:157.2px;">3</div><div id="a162685_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:580.022px;top:157.2px;display:flex;">(12)</div><div id="a162688_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:157.2px;">0</div><div id="a162691" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:170.5px;">of which: Real estate financing </div><div id="a162695_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:170.5px;">7</div><div id="a162698_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:170.5px;display:flex;">(1)</div><div id="a162701_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:170.5px;">8</div><div id="a162704_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:170.5px;">0</div><div id="a162707" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:184.2px;">of which: Large corporate clients </div><div id="a162710_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:184.2px;display:flex;">(33)</div><div id="a162713_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:498.182px;top:184.2px;">16</div><div id="a162716_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:580.022px;top:184.2px;display:flex;">(28)</div><div id="a162719_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:667.102px;top:184.2px;display:flex;">(21)</div><div id="a162722" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:197.5px;">of which: SME clients </div><div id="a162725_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:197.5px;display:flex;">(23)</div><div id="a162728_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:197.5px;">2</div><div id="a162731_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:197.5px;display:flex;">(2)</div><div id="a162734_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:667.102px;top:197.5px;display:flex;">(22)</div><div id="a162737" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:210.7px;">of which: Other </div><div id="a162740_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:210.7px;display:flex;">(6)</div><div id="a162743_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:210.7px;">1</div><div id="a162746_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:210.7px;display:flex;">(4)</div><div id="a162749_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:210.7px;display:flex;">(3)</div><div id="a162752" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:223.9px;"><div style="display:inline-block;width:4.73px"> </div>of which: Financial intermediaries and hedge<div style="display:inline-block;width:3.71px"> </div>funds </div><div id="a162756_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:223.9px;">0</div><div id="a162759_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:223.9px;">0</div><div id="a162762_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:223.9px;">0</div><div id="a162765_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:223.9px;">0</div><div id="a162768" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:237.2px;"><div style="display:inline-block;width:4.73px"> </div>of which: Loans to financial advisors </div><div id="a162772_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:237.2px;">1</div><div id="a162775_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:237.2px;">2</div><div id="a162778_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:237.2px;display:flex;">(1)</div><div id="a162781_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:237.2px;">0</div><div id="a162784" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:249.9px;">Remeasurements without<div style="display:inline-block;width:3.76px"> </div>stage transfers</div><div id="a162785" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:161.248px;top:250.6px;">3</div><div id="a162788_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.102px;top:249.9px;">13</div><div id="a162791_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:498.182px;top:249.9px;display:flex;">(8)</div><div id="a162794_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:580.502px;top:249.9px;display:flex;">(27)</div><div id="a162797_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:672.302px;top:249.9px;">48</div><div id="a162800" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:263.2px;">of which: Private clients with mortgages </div><div id="a162803_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:263.2px;display:flex;">(12)</div><div id="a162806_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:263.2px;">5</div><div id="a162809_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:580.022px;top:263.2px;display:flex;">(18)</div><div id="a162812_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:263.2px;">1</div><div id="a162815" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:276.5px;">of which: Real estate financing </div><div id="a162819_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:276.5px;">13</div><div id="a162822_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:276.5px;">3</div><div id="a162825_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:585.222px;top:276.5px;">10</div><div id="a162828_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:276.5px;">0</div><div id="a162831" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:290.2px;">of which: Large corporate clients </div><div id="a162834_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:290.2px;">32</div><div id="a162837_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.955px;top:290.2px;display:flex;">(11)</div><div id="a162840_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:290.2px;">2</div><div id="a162843_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:672.302px;top:290.2px;">41</div><div id="a162846" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:303.4px;">of which: SME clients </div><div id="a162849_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:303.4px;display:flex;">(6)</div><div id="a162852_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.955px;top:303.4px;display:flex;">(10)</div><div id="a162855_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:303.4px;display:flex;">(9)</div><div id="a162858_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:672.302px;top:303.4px;">14</div><div id="a162861" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:316.7px;">of which: Other </div><div id="a162864_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:316.7px;display:flex;">(15)</div><div id="a162867_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:316.7px;">5</div><div id="a162870_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:580.022px;top:316.7px;display:flex;">(12)</div><div id="a162873_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:316.7px;display:flex;">(8)</div><div id="a162876" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:329.9px;"><div style="display:inline-block;width:4.73px"> </div>of which: Sovereigns </div><div id="a162880_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:329.9px;display:flex;">(8)</div><div id="a162883_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:329.9px;">0</div><div id="a162886_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:329.9px;display:flex;">(8)</div><div id="a162889_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:329.9px;">0</div><div id="a162892" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:343.2px;"><div style="display:inline-block;width:4.73px"> </div>of which: Loans to financial advisors </div><div id="a162896_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:343.2px;display:flex;">(3)</div><div id="a162899_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:343.2px;">3</div><div id="a162902_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:343.2px;display:flex;">(1)</div><div id="a162905_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:343.2px;display:flex;">(6)</div><div id="a162908" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:355.9px;">Model changes</div><div id="a162909" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:68.026px;top:356.6px;">4</div><div id="a162912_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.102px;top:355.9px;">30</div><div id="a162915_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:498.182px;top:355.9px;">29</div><div id="a162918_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.955px;top:355.9px;">1</div><div id="a162921_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:677.035px;top:355.9px;">0</div><div id="a162924" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:368.7px;">Movements with profit or loss impact</div><div id="a162925" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:139.502px;top:369.3px;">5</div><div id="a162928_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:406.368px;top:368.7px;display:flex;">(29)</div><div id="a162931_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:498.182px;top:368.7px;">20</div><div id="a162935_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:580.502px;top:368.7px;display:flex;">(49)</div><div id="a162939_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:677.035px;top:368.7px;">0</div><div id="a162942" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:381.5px;">Movements without profit or loss impact<div style="display:inline-block;width:3.76px"> </div>(write-off,<div style="display:inline-block;width:3.72px"> </div>FX and other)</div><div id="a162945" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:242.182px;top:382.1px;">6</div><div id="a162948_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:405.902px;top:381.5px;">104</div><div id="a162951_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:502.915px;top:381.5px;">3</div><div id="a162954_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.955px;top:381.5px;">1</div><div id="a162957_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:672.302px;top:381.5px;">99</div><div id="a162960" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:394.7px;">Balance as of 31 December 2022 </div><div id="a162964_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:394.075px;top:394.7px;display:flex;">(1,091)</div><div id="a162967_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:488.222px;top:394.7px;display:flex;">(260)</div><div id="a162970_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:575.302px;top:394.7px;display:flex;">(267)</div><div id="a162973_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:662.368px;top:394.7px;display:flex;">(564)</div><div id="a162976" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:408.8px;">1 Represents<div style="display:inline-block;width:3.64px"> </div>the increase<div style="display:inline-block;width:3.48px"> </div>and decrease<div style="display:inline-block;width:4.12px"> </div>in allowances<div style="display:inline-block;width:4.1px"> </div>and provisions<div style="display:inline-block;width:4.07px"> </div>resulting from<div style="display:inline-block;width:3.77px"> </div>financial instruments<div style="display:inline-block;width:4.41px"> </div>(including guarantee<div style="display:inline-block;width:2px"> </div>s<div style="display:inline-block;width:2.68px"> </div>and facilities)<div style="display:inline-block;width:3.95px"> </div>that were<div style="display:inline-block;width:3.95px"> </div>newly originated,<div style="display:inline-block;width:4.26px"> </div>purchased or<div style="display:inline-block;width:3.47px"> </div>renewed and<div style="display:inline-block;width:3.64px"> </div>from the<div style="display:inline-block;width:4.1px"> </div>final </div><div id="a162979" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:418.8px;">derecognition of loans or facilities on their maturity date or earlier.<div style="display:inline-block;width:8.65px"> </div>2 Represents the remeasurement between 12<div style="display:inline-block;width:1.38px"> </div>-month and lifetime ECL due to stage transfers.<div style="display:inline-block;width:8.38px"> </div>3 Represents the change in allowances and provisions </div><div id="a162984" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:428.7px;">related to<div style="display:inline-block;width:4.26px"> </div>changes<div style="display:inline-block;width:3.95px"> </div>in model<div style="display:inline-block;width:4.4px"> </div>inputs<div style="display:inline-block;width:3.85px"> </div>or assumptions,<div style="display:inline-block;width:5.34px"> </div>including<div style="display:inline-block;width:3.62px"> </div>changes<div style="display:inline-block;width:3.95px"> </div>in forward<div style="display:inline-block;width:1.98px"> </div>-looking<div style="display:inline-block;width:3.92px"> </div>macroeconomic<div style="display:inline-block;width:3.6px"> </div>conditions,<div style="display:inline-block;width:4.4px"> </div>changes<div style="display:inline-block;width:3.48px"> </div>in the<div style="display:inline-block;width:4.57px"> </div>exposure<div style="display:inline-block;width:3.93px"> </div>profile,<div style="display:inline-block;width:3.78px"> </div>PD and<div style="display:inline-block;width:4.58px"> </div>LGD<div style="display:inline-block;width:3.46px"> </div>changes,<div style="display:inline-block;width:4.11px"> </div>and<div style="display:inline-block;width:3.47px"> </div>unwinding<div style="display:inline-block;width:3.78px"> </div>of the<div style="display:inline-block;width:4.57px"> </div>time<div style="display:inline-block;width:3.46px"> </div>value.<div style="display:inline-block;width:7.09px"> </div></div><div id="a162988" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:439.1px;">4 Represents the change in the allowances<div style="display:inline-block;width:3.67px"> </div>and provisions related to changes<div style="display:inline-block;width:3.46px"> </div>in models and methodologies.<div style="display:inline-block;width:9.9px"> </div>5 Includes ECL movements<div style="display:inline-block;width:3.46px"> </div>from new and derecognized transactions,<div style="display:inline-block;width:4.27px"> </div>remeasurement changes,<div style="display:inline-block;width:3.79px"> </div>model and </div><div id="a162992" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:449px;">methodology changes.<div style="display:inline-block;width:12.76px"> </div>6 Represents<div style="display:inline-block;width:3.64px"> </div>the decrease<div style="display:inline-block;width:4.43px"> </div>in allowances<div style="display:inline-block;width:4.1px"> </div>and provisions<div style="display:inline-block;width:4.07px"> </div>resulting from<div style="display:inline-block;width:4.24px"> </div>write-offs of<div style="display:inline-block;width:4.14px"> </div>the ECL<div style="display:inline-block;width:3.79px"> </div>allowance<div style="display:inline-block;width:3.47px"> </div>against the<div style="display:inline-block;width:3.88px"> </div>gross carrying<div style="display:inline-block;width:4.1px"> </div>amount when<div style="display:inline-block;width:4.41px"> </div>all or<div style="display:inline-block;width:3.78px"> </div>part of<div style="display:inline-block;width:3.47px"> </div>a financial<div style="display:inline-block;width:3.64px"> </div>asset is<div style="display:inline-block;width:3.94px"> </div>deemed </div><div id="a162997" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:459.4px;">uncollectible or forgiven and<div style="display:inline-block;width:3.45px"> </div>movements in foreign exchange<div style="display:inline-block;width:3.77px"> </div>rates.</div></div></div></div> -1165000000 -282000000 -220000000 -662000000 -7000000 -21000000 16000000 -2000000 -6000000 -6000000 0 0 -3000000 -5000000 2000000 0 8000000 -1000000 11000000 -2000000 -1000000 -1000000 0 0 -6000000 -8000000 3000000 0 0 -2000000 2000000 0 0 0 0 0 -65000000 20000000 -39000000 -46000000 -10000000 3000000 -12000000 0 7000000 -1000000 8000000 0 -33000000 16000000 -28000000 -21000000 -23000000 2000000 -2000000 -22000000 -6000000 1000000 -4000000 -3000000 0 0 0 0 1000000 2000000 -1000000 0 13000000 -8000000 -27000000 48000000 -12000000 5000000 -18000000 1000000 13000000 3000000 10000000 0 32000000 -11000000 2000000 41000000 -6000000 -10000000 -9000000 14000000 -15000000 5000000 -12000000 -8000000 -8000000 0 -8000000 0 -3000000 3000000 -1000000 -6000000 30000000 29000000 1000000 0 -29000000 20000000 -49000000 0 104000000 3000000 1000000 99000000 -1091000000 -260000000 -267000000 -564000000 -29000000 -21000000 16000000 20000000 -39000000 -8000000 -27000000 -35000000 -28000000 -8000000 99000000 95000000 <div id="TextBlockContainer1365" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:695px;height:467px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a163097" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Development of ECL allowances<div style="display:inline-block;width:4.15px"> </div>and provisions </div><div id="a163101" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:12.5px;">USD m </div><div id="a163104" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:402.595px;top:12.5px;">Total </div><div id="a163106" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.182px;top:12.5px;">Stage 1 </div><div id="a163108" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:567.262px;top:12.5px;">Stage 2 </div><div id="a163110" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:654.342px;top:12.5px;">Stage 3 </div><div id="a163112" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:25.3px;">Balance as of 31 December 2020 </div><div id="a163115_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.075px;top:25.3px;display:flex;">(1,468)</div><div id="a163118_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:488.222px;top:25.3px;display:flex;">(306)</div><div id="a163121_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.302px;top:25.3px;display:flex;">(333)</div><div id="a163124_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.368px;top:25.3px;display:flex;">(829)</div><div id="a163127" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:38px;">Net movement from new and derecognized<div style="display:inline-block;width:4.27px"> </div>transactions</div><div id="a163128" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:216.608px;top:38.7px;">1</div><div id="a163131_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:406.368px;top:38px;display:flex;">(59)</div><div id="a163134_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:493.422px;top:38px;display:flex;">(72)</div><div id="a163137_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:38px;">13</div><div id="a163140_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:677.035px;top:38px;">0</div><div id="a163143" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:51.3px;">of which: Private clients with mortgages </div><div id="a163147_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:51.3px;display:flex;">(7)</div><div id="a163151_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.955px;top:51.3px;display:flex;">(10)</div><div id="a163154_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:51.3px;">3</div><div id="a163157_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:51.3px;">0</div><div id="a163160" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:64.5px;">of which: Real estate financing </div><div id="a163163_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:64.5px;display:flex;">(7)</div><div id="a163166_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.955px;top:64.5px;display:flex;">(11)</div><div id="a163169_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:64.5px;">4</div><div id="a163172_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:64.5px;">0</div><div id="a163175" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:77.8px;">of which: Large corporate clients </div><div id="a163178_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:77.8px;display:flex;">(13)</div><div id="a163181_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.955px;top:77.8px;display:flex;">(21)</div><div id="a163184_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:77.8px;">7</div><div id="a163187_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:77.8px;">0</div><div id="a163190" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:91px;">of which: SME clients </div><div id="a163193_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:91px;display:flex;">(8)</div><div id="a163196_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:91px;display:flex;">(8)</div><div id="a163199_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:91px;">0</div><div id="a163202_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:91px;">0</div><div id="a163205" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:104.7px;">of which: Other </div><div id="a163208_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:104.7px;display:flex;">(24)</div><div id="a163211_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.955px;top:104.7px;display:flex;">(23)</div><div id="a163214_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:104.7px;display:flex;">(2)</div><div id="a163217_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:104.7px;">0</div><div id="a163220" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:118px;"><div style="display:inline-block;width:4.73px"> </div>of which: Financial intermediaries and hedge<div style="display:inline-block;width:3.71px"> </div>funds </div><div id="a163224_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:118px;display:flex;">(21)</div><div id="a163227_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.955px;top:118px;display:flex;">(18)</div><div id="a163230_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:118px;display:flex;">(4)</div><div id="a163233_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:118px;">0</div><div id="a163236" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:131.2px;"><div style="display:inline-block;width:4.73px"> </div>of which: Loans to financial advisors </div><div id="a163240_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:131.2px;">0</div><div id="a163243_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:131.2px;display:flex;">(1)</div><div id="a163246_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:131.2px;">1</div><div id="a163249_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:131.2px;">0</div><div id="a163252" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:144px;">Remeasurements with stage transfers</div><div id="a163253" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:148.955px;top:144.6px;">2</div><div id="a163256_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:406.368px;top:144px;display:flex;">(40)</div><div id="a163259_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:144px;">8</div><div id="a163262_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.955px;top:144px;">0</div><div id="a163265_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:144px;display:flex;">(49)</div><div id="a163268" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:157.2px;">of which: Private clients with mortgages </div><div id="a163271_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:157.2px;display:flex;">(9)</div><div id="a163274_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:157.2px;">4</div><div id="a163277_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:580.022px;top:157.2px;display:flex;">(13)</div><div id="a163280_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:157.2px;">0</div><div id="a163283" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:170.5px;">of which: Real estate financing </div><div id="a163287_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:170.5px;display:flex;">(3)</div><div id="a163290_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:170.5px;">1</div><div id="a163293_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:170.5px;display:flex;">(4)</div><div id="a163296_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:170.5px;">0</div><div id="a163299" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:183.7px;">of which: Large corporate clients </div><div id="a163302_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:183.7px;">2</div><div id="a163305_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:183.7px;display:flex;">(2)</div><div id="a163308_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:585.222px;top:183.7px;">12</div><div id="a163311_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:183.7px;display:flex;">(8)</div><div id="a163314" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:197.5px;">of which: SME clients </div><div id="a163317_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:197.5px;display:flex;">(27)</div><div id="a163320_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:197.5px;">5</div><div id="a163323_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:197.5px;">4</div><div id="a163326_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:667.102px;top:197.5px;display:flex;">(36)</div><div id="a163329" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:210.7px;">of which: Other </div><div id="a163332_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:210.7px;display:flex;">(3)</div><div id="a163335_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:210.7px;">0</div><div id="a163338_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:210.7px;">2</div><div id="a163341_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:210.7px;display:flex;">(4)</div><div id="a163344" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:223.9px;"><div style="display:inline-block;width:4.73px"> </div>of which: Financial intermediaries and hedge<div style="display:inline-block;width:3.71px"> </div>funds </div><div id="a163348_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:223.9px;">2</div><div id="a163351_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:223.9px;display:flex;">(1)</div><div id="a163354_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:223.9px;">3</div><div id="a163357_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:223.9px;">0</div><div id="a163360" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:237.2px;"><div style="display:inline-block;width:4.73px"> </div>of which: Loans to financial advisors </div><div id="a163364_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:237.2px;">0</div><div id="a163367_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:237.2px;">1</div><div id="a163370_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:584.755px;top:237.2px;display:flex;">(1)</div><div id="a163373_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:237.2px;">0</div><div id="a163376" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:250px;">Remeasurements without<div style="display:inline-block;width:3.76px"> </div>stage transfers</div><div id="a163377" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:161.248px;top:250.6px;">3</div><div id="a163380_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.902px;top:250px;">203</div><div id="a163383_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:498.182px;top:250px;">55</div><div id="a163386_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:250px;">74</div><div id="a163389_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.302px;top:250px;">74</div><div id="a163392" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:263.2px;">of which: Private clients with mortgages </div><div id="a163395_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:263.2px;">33</div><div id="a163398_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:263.2px;">8</div><div id="a163401_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:585.222px;top:263.2px;">26</div><div id="a163404_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:263.2px;display:flex;">(1)</div><div id="a163407" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:276.5px;">of which: Real estate financing </div><div id="a163411_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:276.5px;">30</div><div id="a163414_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:498.182px;top:276.5px;">13</div><div id="a163417_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:585.222px;top:276.5px;">13</div><div id="a163420_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:276.5px;">3</div><div id="a163423" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:289.7px;">of which: Large corporate clients </div><div id="a163426_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:289.7px;">44</div><div id="a163429_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:289.7px;">5</div><div id="a163432_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:585.222px;top:289.7px;">21</div><div id="a163435_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:672.302px;top:289.7px;">17</div><div id="a163438" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:303.4px;">of which: SME clients </div><div id="a163441_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:303.4px;">53</div><div id="a163444_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:497.715px;top:303.4px;display:flex;">(1)</div><div id="a163447_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:303.4px;">1</div><div id="a163450_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:672.302px;top:303.4px;">53</div><div id="a163453" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:316.7px;">of which: Other </div><div id="a163456_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:316.7px;">44</div><div id="a163459_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:498.182px;top:316.7px;">29</div><div id="a163462_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:585.222px;top:316.7px;">14</div><div id="a163465_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:316.7px;">2</div><div id="a163468" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:329.9px;"><div style="display:inline-block;width:4.73px"> </div>of which: Financial intermediaries and hedge<div style="display:inline-block;width:3.71px"> </div>funds </div><div id="a163472_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:411.102px;top:329.9px;">27</div><div id="a163475_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:498.182px;top:329.9px;">15</div><div id="a163478_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:585.222px;top:329.9px;">12</div><div id="a163481_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:677.035px;top:329.9px;">0</div><div id="a163484" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:343.2px;"><div style="display:inline-block;width:4.73px"> </div>of which: Loans to financial advisors </div><div id="a163488_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:415.835px;top:343.2px;">6</div><div id="a163491_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.915px;top:343.2px;">8</div><div id="a163494_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:589.955px;top:343.2px;">1</div><div id="a163497_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:343.2px;display:flex;">(3)</div><div id="a163500" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:355.9px;">Model changes</div><div id="a163501" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:68.026px;top:356.6px;">4</div><div id="a163504_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:411.102px;top:355.9px;">45</div><div id="a163507_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:498.182px;top:355.9px;">29</div><div id="a163510_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:355.9px;">16</div><div id="a163513_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:677.035px;top:355.9px;">0</div><div id="a163516" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:368.7px;">Movements with profit or loss impact</div><div id="a163517" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:139.502px;top:369.3px;">5</div><div id="a163520_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.902px;top:368.7px;">148</div><div id="a163523_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:498.182px;top:368.7px;">19</div><div id="a163527_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.022px;top:368.7px;">104</div><div id="a163531_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.302px;top:368.7px;">25</div><div id="a163534" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:381.5px;">Movements without profit or loss impact<div style="display:inline-block;width:3.83px"> </div>(write-off, FX<div style="display:inline-block;width:3.89px"> </div>and other)</div><div id="a163538" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:242.182px;top:382.1px;">6</div><div id="a163541_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.902px;top:381.5px;">154</div><div id="a163544_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:381.5px;">5</div><div id="a163547_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.955px;top:381.5px;">9</div><div id="a163550_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.102px;top:381.5px;">141</div><div id="a163553" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:394.7px;">Balance as of 31 December 2021 </div><div id="a163556_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.075px;top:394.7px;display:flex;">(1,165)</div><div id="a163559_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:488.222px;top:394.7px;display:flex;">(282)</div><div id="a163562_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.302px;top:394.7px;display:flex;">(220)</div><div id="a163565_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.368px;top:394.7px;display:flex;">(662)</div><div id="a163568" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:408.3px;">1 Represents<div style="display:inline-block;width:3.64px"> </div>the increase<div style="display:inline-block;width:3.48px"> </div>and decrease<div style="display:inline-block;width:4.12px"> </div>in allowances<div style="display:inline-block;width:4.1px"> </div>and provisions<div style="display:inline-block;width:4.07px"> </div>resulting from<div style="display:inline-block;width:3.77px"> </div>financial instruments<div style="display:inline-block;width:4.41px"> </div>(including guarantee<div style="display:inline-block;width:2px"> </div>s<div style="display:inline-block;width:2.68px"> </div>and facilities)<div style="display:inline-block;width:3.96px"> </div>that were<div style="display:inline-block;width:3.95px"> </div>newly originated,<div style="display:inline-block;width:4.26px"> </div>purchased or<div style="display:inline-block;width:3.47px"> </div>renewed and<div style="display:inline-block;width:3.64px"> </div>from the<div style="display:inline-block;width:3.93px"> </div>final </div><div id="a163571" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:418.8px;">derecognition of loans or facilities on their maturity date or earlier.<div style="display:inline-block;width:8.65px"> </div>2 Represents the remeasurement between 12<div style="display:inline-block;width:1.38px"> </div>-month and lifetime ECL due to stage transfers.<div style="display:inline-block;width:8.38px"> </div>3 Represents the change in allowances and provisions </div><div id="a163577" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:428.7px;">related to<div style="display:inline-block;width:4.26px"> </div>changes<div style="display:inline-block;width:3.95px"> </div>in model<div style="display:inline-block;width:4.4px"> </div>inputs<div style="display:inline-block;width:3.78px"> </div>or assumptions,<div style="display:inline-block;width:5.34px"> </div>including<div style="display:inline-block;width:3.62px"> </div>changes<div style="display:inline-block;width:3.95px"> </div>in forward<div style="display:inline-block;width:2.05px"> </div>-looking<div style="display:inline-block;width:3.92px"> </div>macroeconomic<div style="display:inline-block;width:3.6px"> </div>conditions,<div style="display:inline-block;width:4.4px"> </div>changes<div style="display:inline-block;width:3.48px"> </div>in the<div style="display:inline-block;width:4.57px"> </div>exposure<div style="display:inline-block;width:3.93px"> </div>profile,<div style="display:inline-block;width:3.78px"> </div>PD and<div style="display:inline-block;width:4.58px"> </div>LGD<div style="display:inline-block;width:3.46px"> </div>changes,<div style="display:inline-block;width:4.11px"> </div>and<div style="display:inline-block;width:3.47px"> </div>unwinding<div style="display:inline-block;width:3.78px"> </div>of the<div style="display:inline-block;width:4.57px"> </div>time<div style="display:inline-block;width:3.46px"> </div>value.<div style="display:inline-block;width:7.09px"> </div></div><div id="a163580" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:439.1px;">4 Represents the change in the allowances<div style="display:inline-block;width:3.7px"> </div>and provisions related to changes<div style="display:inline-block;width:3.46px"> </div>in models and methodologies.<div style="display:inline-block;width:9.74px"> </div>5 Includes ECL movements<div style="display:inline-block;width:3.46px"> </div>from new and derecognized<div style="display:inline-block;width:3.39px"> </div>transactions, remeasurement<div style="display:inline-block;width:4.25px"> </div>changes, model and </div><div id="a163585" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:449px;">methodology changes.<div style="display:inline-block;width:12.76px"> </div>6 Represents<div style="display:inline-block;width:3.64px"> </div>the decrease<div style="display:inline-block;width:4.43px"> </div>in allowa<div style="display:inline-block;width:1.38px"> </div>nces and<div style="display:inline-block;width:3.8px"> </div>provisions resulting<div style="display:inline-block;width:4.22px"> </div>from write<div style="display:inline-block;width:1.63px"> </div>-offs of<div style="display:inline-block;width:3.48px"> </div>the ECL<div style="display:inline-block;width:3.79px"> </div>allowance<div style="display:inline-block;width:3.47px"> </div>against the<div style="display:inline-block;width:3.79px"> </div>gross carrying<div style="display:inline-block;width:4.1px"> </div>amount when<div style="display:inline-block;width:4.41px"> </div>all or<div style="display:inline-block;width:3.78px"> </div>part of<div style="display:inline-block;width:3.47px"> </div>a financial<div style="display:inline-block;width:3.64px"> </div>asset is<div style="display:inline-block;width:3.94px"> </div>deemed </div><div id="a163589" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:458.9px;">uncollectible or forgiven and<div style="display:inline-block;width:3.45px"> </div>movements in foreign exchange<div style="display:inline-block;width:3.77px"> </div>rates.</div></div> -1468000000 -306000000 -333000000 -829000000 -59000000 -72000000 13000000 0 -7000000 -10000000 3000000 0 -7000000 -11000000 4000000 0 -13000000 -21000000 7000000 0 -8000000 -8000000 0 0 -24000000 -23000000 -2000000 0 -21000000 -18000000 -4000000 0 0 -1000000 1000000 0 -40000000 8000000 0 -49000000 -9000000 4000000 -13000000 0 -3000000 1000000 -4000000 0 2000000 -2000000 12000000 -8000000 -27000000 5000000 4000000 -36000000 -3000000 0 2000000 -4000000 2000000 -1000000 3000000 0 0 1000000 -1000000 0 203000000 55000000 74000000 74000000 33000000 8000000 26000000 -1000000 30000000 13000000 13000000 3000000 44000000 5000000 21000000 17000000 53000000 -1000000 1000000 53000000 44000000 29000000 14000000 2000000 27000000 15000000 12000000 0 6000000 8000000 1000000 -3000000 45000000 29000000 16000000 0 148000000 19000000 104000000 25000000 154000000 5000000 9000000 141000000 -1165000000 -282000000 -220000000 -662000000 <div id="TextBlockContainer1371" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:688px;height:175px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a163611" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">ECL stage 2 (“significant deterioration<div style="display:inline-block;width:4.66px"> </div>in credit risk”) allowances / provisions<div style="display:inline-block;width:4.15px"> </div>as of 31 December 2022 – classification by trigger </div><div id="a163617" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:37.5px;">USD m </div><div id="a163620" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:501.022px;top:37.5px;">Stage 2 </div><div id="a163622" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:544.528px;top:26.2px;">of which: </div><div id="a163623" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:548.342px;top:37.5px;">PD layer </div><div id="a163625" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:594.688px;top:26.2px;">of which: </div><div id="a163626" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:593.262px;top:37.5px;">watch list </div><div id="a163628" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:644.848px;top:14.3px;">of which: </div><div id="a163629" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:645.315px;top:26.2px;">≥30 days<div style="display:inline-block;width:2.48px"> </div></div><div id="a163631" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:647.208px;top:37.5px;">past due </div><div id="a163633" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:50.8px;">On-<div style="display:inline-block;width:2.64px"> </div>and off-balance sheet<div style="display:inline-block;width:3.13px"> </div></div><div id="a163641_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.062px;top:51.2px;display:flex;">(267)</div><div id="a163644_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:558.742px;top:51.2px;display:flex;">(196)</div><div id="a163647_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.635px;top:51.2px;display:flex;">(21)</div><div id="a163650_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.795px;top:51.2px;display:flex;">(50)</div><div id="a163653" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:65px;">of which: Private clients with mortgages </div><div id="a163657_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.062px;top:65px;display:flex;">(107)</div><div id="a163660_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:563.475px;top:65px;display:flex;">(83)</div><div id="a163663_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.568px;top:65px;">0</div><div id="a163666_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.795px;top:65px;display:flex;">(25)</div><div id="a163669" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:79.2px;">of which: Real estate financing </div><div id="a163672_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:513.782px;top:79.2px;display:flex;">(23)</div><div id="a163675_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:563.475px;top:79.2px;display:flex;">(18)</div><div id="a163678_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.568px;top:79.2px;">0</div><div id="a163681_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.528px;top:79.2px;display:flex;">(5)</div><div id="a163684" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:93.8px;">of which: Large corporate clients </div><div id="a163687_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:513.782px;top:93.8px;display:flex;">(65)</div><div id="a163690_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:563.475px;top:93.8px;display:flex;">(51)</div><div id="a163693_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.635px;top:93.8px;display:flex;">(13)</div><div id="a163696_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.728px;top:93.8px;">0</div><div id="a163699" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:108px;">of which: SME clients </div><div id="a163702_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:513.782px;top:108px;display:flex;">(37)</div><div id="a163705_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:563.475px;top:108px;display:flex;">(22)</div><div id="a163708_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:618.368px;top:108px;display:flex;">(7)</div><div id="a163711_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.528px;top:108px;display:flex;">(7)</div><div id="a163714" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:122.2px;">of which: Financial intermediaries and hedge<div style="display:inline-block;width:3.79px"> </div>funds </div><div id="a163718_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:513.782px;top:122.2px;display:flex;">(17)</div><div id="a163721_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:563.475px;top:122.2px;display:flex;">(17)</div><div id="a163724_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.568px;top:122.2px;">0</div><div id="a163727_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.728px;top:122.2px;">0</div><div id="a163730" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:136.9px;">of which: Loans to financial advisors </div><div id="a163733_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:518.515px;top:136.9px;display:flex;">(2)</div><div id="a163736_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.408px;top:136.9px;">0</div><div id="a163739_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.568px;top:136.9px;">0</div><div id="a163742_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.528px;top:136.9px;display:flex;">(2)</div><div id="a163745" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:151.1px;">of which: Credit cards </div><div id="a163748_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:513.782px;top:151.1px;display:flex;">(12)</div><div id="a163751_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:573.408px;top:151.1px;">0</div><div id="a163754_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.568px;top:151.1px;">0</div><div id="a163758_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:151.1px;display:flex;">(12)</div><div id="a163762" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:165.3px;">of which: Other </div><div id="a163765_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:518.515px;top:165.3px;display:flex;">(5)</div><div id="a163768_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:568.208px;top:165.3px;display:flex;">(5)</div><div id="a163771_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.568px;top:165.3px;">0</div><div id="a163774_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.728px;top:165.3px;">0</div></div> -267000000 -196000000 -21000000 -50000000 -107000000 -83000000 0 -25000000 -23000000 -18000000 0 -5000000 -65000000 -51000000 -13000000 0 -37000000 -22000000 -7000000 -7000000 -17000000 -17000000 0 0 -2000000 0 0 -2000000 -12000000 0 0 -12000000 -5000000 -5000000 0 0 <div id="TextBlockContainer1377" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:704px;height:759px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a163853" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Maximum exposure to credit<div style="display:inline-block;width:4.28px"> </div>risk<div style="display:inline-block;width:2.93px"> </div></div><div id="a163862" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:439.475px;top:13.4px;">31.12.22 </div><div id="a163867" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:358.102px;top:26.2px;">Collateral</div><div id="a163868" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:393.128px;top:26.8px;">1,2</div><div id="a163871" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:519.462px;top:26.2px;">Credit enhancements</div><div id="a163872" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:596.582px;top:26.8px;">1</div><div id="a163874" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:647.208px;top:26.6px;">Exposure to </div><div id="a163875" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:654.808px;top:38.5px;">credit risk </div><div id="a163876" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:637.755px;top:49.8px;">after collateral </div><div id="a163877" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:653.862px;top:61.7px;">and credit </div><div id="a163878" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:637.755px;top:73.5px;">enhancements </div><div id="a163880" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:73.5px;">USD bn </div><div id="a163883" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:236.035px;top:49.8px;">Maximum </div><div id="a163884" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:229.848px;top:61.7px;">exposure to </div><div id="a163885" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:236.982px;top:73.5px;">credit risk </div><div id="a163887" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:308.422px;top:49.8px;">Cash </div><div id="a163888" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:293.288px;top:61.7px;">collateral </div><div id="a163889" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:296.595px;top:73.5px;">received </div><div id="a163891" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:333.488px;top:38.5px;">Collateralized </div><div id="a163892" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:333.955px;top:49.8px;">by equity and </div><div id="a163893" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:366.622px;top:61.7px;">debt </div><div id="a163894" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:340.608px;top:73.5px;">instruments </div><div id="a163896" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:393.608px;top:61.7px;">Secured by </div><div id="a163897" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:395.502px;top:73.5px;">real estate </div><div id="a163899" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:459.368px;top:61.7px;">Other </div><div id="a163900" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:444.235px;top:73.5px;">collateral</div><div id="a163901" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:477.342px;top:74.1px;">3</div><div id="a163904" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:499.595px;top:73.5px;">Netting </div><div id="a163906" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:557.795px;top:49.8px;">Credit </div><div id="a163907" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:544.528px;top:61.7px;">derivative </div><div id="a163908" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:546.422px;top:73.5px;">contracts </div><div id="a163911" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.955px;top:73.5px;">Guarantees<div style="display:inline-block;width:2.82px"> </div></div><div id="a163913" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:85.8px;">Financial assets measured at<div style="display:inline-block;width:3.38px"> </div></div><div id="a163915" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:97.6px;">amortized cost on the balance sheet </div><div id="a163928" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:110.4px;">Cash and balances at central banks </div><div id="a163931_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:250.688px;top:110.4px;">169.4</div><div id="a163942_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:668.528px;top:110.4px;">169.4</div><div id="a163945" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:123.6px;">Loans and advances to banks</div><div id="a163947" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:110.142px;top:124.3px;">4</div><div id="a163950_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:255.422px;top:123.6px;">14.7</div><div id="a163954_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:370.875px;top:123.6px;">0.0</div><div id="a163962_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:619.315px;top:123.6px;">0.1</div><div id="a163965_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:673.248px;top:123.6px;">14.6</div><div id="a163968" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:136.4px;">Receivables from securities financing transactions </div><div id="a163969" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:148.2px;">measured at amortized cost </div><div id="a163972_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:255.422px;top:142.6px;">67.8</div><div id="a163975_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:314.102px;top:142.6px;">0.0</div><div id="a163978_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:366.142px;top:142.6px;">64.5</div><div id="a163982_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:467.888px;top:142.6px;">2.4</div><div id="a163989_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:677.982px;top:142.6px;">0.9</div><div id="a163992" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:161.5px;">Cash collateral receivables on derivative<div style="display:inline-block;width:3.86px"> </div>instruments</div><div id="a163993" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:192.968px;top:162.1px;">5,6</div><div id="a163996_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:255.422px;top:161.5px;">35.0</div><div id="a164004_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:509.528px;top:161.5px;">22.9</div><div id="a164009_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:673.248px;top:161.5px;">12.1</div><div id="a164012" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:174.3px;">Loans and advances to customers </div><div id="a164016_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:250.688px;top:174.3px;">390.0</div><div id="a164019_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:174.3px;">36.1</div><div id="a164022_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:361.422px;top:174.3px;">115.9</div><div id="a164025_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:174.3px;">197.8</div><div id="a164028_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:463.155px;top:174.3px;">19.6</div><div id="a164034_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:619.315px;top:174.3px;">3.0</div><div id="a164037_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:673.248px;top:174.3px;">17.6</div><div id="a164040" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:187.5px;">Other financial assets measured at amortized cost </div><div id="a164043_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:255.422px;top:187.5px;">53.4</div><div id="a164046_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:314.102px;top:187.5px;">0.1</div><div id="a164049_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:370.875px;top:187.5px;">0.5</div><div id="a164052_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:187.5px;">0.0</div><div id="a164055_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:467.888px;top:187.5px;">1.3</div><div id="a164062_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:673.248px;top:187.5px;">51.4</div><div id="a164065" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:199.8px;">Total financial assets<div style="display:inline-block;width:3.87px"> </div>measured at amortized cost </div><div id="a164068_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:250.688px;top:199.8px;">730.4</div><div id="a164071_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:199.8px;">36.2</div><div id="a164074_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:361.422px;top:199.8px;">181.0</div><div id="a164077_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:199.8px;">197.9</div><div id="a164080_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:463.155px;top:199.8px;">23.4</div><div id="a164084_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:509.528px;top:199.8px;">22.9</div><div id="a164087_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:567.262px;top:199.8px;">0.0</div><div id="a164090_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:619.315px;top:199.8px;">3.0</div><div id="a164093_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:668.528px;top:199.8px;">266.1</div><div id="a164096" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:212.6px;">Financial assets measured at<div style="display:inline-block;width:3.79px"> </div>fair value<div style="display:inline-block;width:2.45px"> </div></div><div id="a164098" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:224.4px;">through other comprehensive income – debt </div><div id="a164104_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:260.155px;top:224.4px;">2.2</div><div id="a164115_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:677.982px;top:224.4px;">2.2</div><div id="a164118" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:237.7px;">Total maximum exposure to<div style="display:inline-block;width:3.73px"> </div>credit risk<div style="display:inline-block;width:3px"> </div></div><div id="a164120" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:249px;">reflected on the balance sheet within<div style="display:inline-block;width:3.77px"> </div>the scope of ECL </div><div id="a164123_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:250.688px;top:249px;">732.6</div><div id="a164126_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:249px;">36.2</div><div id="a164129_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:361.422px;top:249px;">181.0</div><div id="a164132_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:249px;">197.9</div><div id="a164135_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:463.155px;top:249px;">23.4</div><div id="a164139_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:509.528px;top:249px;">22.9</div><div id="a164142_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:567.262px;top:249px;">0.0</div><div id="a164145_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:619.315px;top:249px;">3.0</div><div id="a164148_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:668.528px;top:249px;">268.3</div><div id="a164151" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:262.3px;">Guarantees</div><div id="a164152" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:44.854px;top:262.9px;">7</div><div id="a164155_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:255.422px;top:262.3px;">22.1</div><div id="a164158_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:314.102px;top:262.3px;">1.2</div><div id="a164161_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:370.875px;top:262.3px;">9.3</div><div id="a164164_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:262.3px;">0.1</div><div id="a164167_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:467.888px;top:262.3px;">2.0</div><div id="a164173_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:619.315px;top:262.3px;">1.8</div><div id="a164176_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:677.982px;top:262.3px;">7.7</div><div id="a164179" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:275px;">Loan commitments</div><div id="a164180" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:72.283px;top:275.7px;">7</div><div id="a164183_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:255.422px;top:275px;">39.9</div><div id="a164186_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:314.102px;top:275px;">0.2</div><div id="a164189_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:370.875px;top:275px;">3.1</div><div id="a164192_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:275px;">1.3</div><div id="a164195_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:467.888px;top:275px;">6.5</div><div id="a164200_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:567.262px;top:275px;">0.1</div><div id="a164203_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:619.315px;top:275px;">1.0</div><div id="a164206_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:673.248px;top:275px;">27.8</div><div id="a164209" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:288.3px;">Forward starting transactions,<div style="display:inline-block;width:4.04px"> </div>reverse repurchase </div><div id="a164211" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:300.1px;">and securities borrowing agreements </div><div id="a164214_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:260.155px;top:300.1px;">3.8</div><div id="a164218_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:370.875px;top:300.1px;">3.8</div><div id="a164227_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:677.982px;top:300.1px;">0.0</div><div id="a164230" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:312.9px;">Committed unconditionally revocable credit lines </div><div id="a164235_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:255.422px;top:312.9px;">43.6</div><div id="a164238_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:314.102px;top:312.9px;">0.2</div><div id="a164241_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:370.875px;top:312.9px;">8.2</div><div id="a164244_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:312.9px;">6.0</div><div id="a164247_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:467.888px;top:312.9px;">6.2</div><div id="a164253_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:619.315px;top:312.9px;">0.5</div><div id="a164256_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:673.248px;top:312.9px;">22.5</div><div id="a164259" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:325.2px;">Total maximum exposure to<div style="display:inline-block;width:3.73px"> </div>credit risk not<div style="display:inline-block;width:2.86px"> </div></div><div id="a164261" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:337px;">reflected on the balance sheet within<div style="display:inline-block;width:3.77px"> </div>the scope of ECL </div><div id="a164264_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:250.688px;top:337px;">109.4</div><div id="a164267_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:314.102px;top:337px;">1.6</div><div id="a164270_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:366.142px;top:337px;">24.4</div><div id="a164273_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:337px;">7.5</div><div id="a164276_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:463.155px;top:337px;">14.7</div><div id="a164280_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:514.262px;top:337px;">0.0</div><div id="a164283_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:567.262px;top:337px;">0.1</div><div id="a164286_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:619.315px;top:337px;">3.3</div><div id="a164289_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:673.248px;top:337px;">58.0</div><div id="a164306" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:439.475px;top:352.1px;">31.12.21 </div><div id="a164311" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:358.102px;top:364.5px;">Collateral</div><div id="a164312" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:392.662px;top:365.1px;">1,2</div><div id="a164315" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:364.5px;">Credit enhancements</div><div id="a164316" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:596.102px;top:365.1px;">1</div><div id="a164318" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.688px;top:365.4px;">Exposure to </div><div id="a164319" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.275px;top:377.2px;">credit risk </div><div id="a164320" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:638.222px;top:388.6px;">after collateral </div><div id="a164321" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.862px;top:400.4px;">and credit </div><div id="a164322" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:637.755px;top:412.2px;">enhancements </div><div id="a164324" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:412.2px;">USD bn </div><div id="a164327" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:236.982px;top:388.6px;">Maximum </div><div id="a164328" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:229.848px;top:400.4px;">exposure to </div><div id="a164329" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:237.448px;top:412.2px;">credit risk </div><div id="a164331" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:308.888px;top:388.6px;">Cash </div><div id="a164332" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:293.755px;top:400.4px;">collateral </div><div id="a164333" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:296.595px;top:412.2px;">received </div><div id="a164335" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:333.955px;top:377.2px;">Collateralized </div><div id="a164336" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:333.955px;top:388.6px;">by equity and </div><div id="a164337" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:400.4px;">debt </div><div id="a164338" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:340.608px;top:412.2px;">instruments </div><div id="a164340" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:393.608px;top:400.4px;">Secured by </div><div id="a164341" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:395.502px;top:412.2px;">real estate </div><div id="a164343" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.368px;top:400.4px;">Other </div><div id="a164344" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.235px;top:412.2px;">collateral</div><div id="a164345" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:476.875px;top:412.9px;">3</div><div id="a164348" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:499.595px;top:412.2px;">Netting </div><div id="a164350" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:557.795px;top:388.6px;">Credit </div><div id="a164351" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.995px;top:400.4px;">derivative </div><div id="a164352" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:546.422px;top:412.2px;">contracts </div><div id="a164355" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:590.435px;top:412.2px;">Guarantees<div style="display:inline-block;width:2.82px"> </div></div><div id="a164357" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:424.5px;">Financial assets measured at<div style="display:inline-block;width:3.38px"> </div></div><div id="a164359" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:436.3px;">amortized cost on the balance sheet </div><div id="a164372" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:449.1px;">Cash and balances at central banks </div><div id="a164375_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:250.688px;top:449.1px;">192.8</div><div id="a164386_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:449.1px;">192.8</div><div id="a164389" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:462.4px;">Loans and advances to banks</div><div id="a164390" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:110.142px;top:463px;">4</div><div id="a164393_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:255.422px;top:462.4px;">15.4</div><div id="a164397_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.355px;top:462.4px;">0.1</div><div id="a164405_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:619.782px;top:462.4px;">0.1</div><div id="a164408_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.248px;top:462.4px;">15.1</div><div id="a164411" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:475.1px;">Receivables from securities financing transactions </div><div id="a164412" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:487px;">measured at amortized cost </div><div id="a164415_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:255.422px;top:481.3px;">75.0</div><div id="a164418_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:314.568px;top:481.3px;">0.0</div><div id="a164421_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.142px;top:481.3px;">68.0</div><div id="a164425_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.355px;top:481.3px;">6.9</div><div id="a164432_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:678.448px;top:481.3px;">0.0</div><div id="a164435" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:499.7px;">Cash collateral receivables on derivative<div style="display:inline-block;width:3.86px"> </div>instruments</div><div id="a164436" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:192.968px;top:500.4px;">5,6</div><div id="a164439_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:255.422px;top:499.7px;">30.5</div><div id="a164447_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.528px;top:499.7px;">18.4</div><div id="a164452_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.248px;top:499.7px;">12.1</div><div id="a164455" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:513px;">Loans and advances to customers </div><div id="a164458_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:250.688px;top:513px;">398.7</div><div id="a164461_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:513px;">38.2</div><div id="a164464_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:361.422px;top:513px;">128.7</div><div id="a164467_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:411.582px;top:513px;">191.3</div><div id="a164470_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.155px;top:513px;">20.2</div><div id="a164476_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:619.782px;top:513px;">4.0</div><div id="a164479_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.248px;top:513px;">16.4</div><div id="a164482" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:525.8px;">Other financial assets measured at amortized cost </div><div id="a164485_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:255.422px;top:525.8px;">26.2</div><div id="a164488_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:314.568px;top:525.8px;">0.2</div><div id="a164491_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.355px;top:525.8px;">0.1</div><div id="a164494_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.502px;top:525.8px;">0.0</div><div id="a164497_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.355px;top:525.8px;">1.3</div><div id="a164504_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.248px;top:525.8px;">24.7</div><div id="a164507" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:538.5px;">Total financial assets<div style="display:inline-block;width:3.87px"> </div>measured at amortized cost </div><div id="a164510_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:250.688px;top:538.5px;">738.6</div><div id="a164513_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:538.5px;">38.4</div><div id="a164516_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:361.422px;top:538.5px;">196.9</div><div id="a164519_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:411.582px;top:538.5px;">191.3</div><div id="a164522_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.155px;top:538.5px;">28.4</div><div id="a164526_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.528px;top:538.5px;">18.4</div><div id="a164529_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:567.262px;top:538.5px;">0.0</div><div id="a164532_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:619.315px;top:538.5px;">4.0</div><div id="a164535_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:538.5px;">261.1</div><div id="a164538" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:551.3px;">Financial assets measured at<div style="display:inline-block;width:3.79px"> </div>fair value<div style="display:inline-block;width:2.45px"> </div></div><div id="a164540" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:563.1px;">through other comprehensive income – debt </div><div id="a164546_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:260.155px;top:563.1px;">8.8</div><div id="a164557_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:677.982px;top:563.1px;">8.8</div><div id="a164560" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:575.9px;">Total maximum exposure to<div style="display:inline-block;width:3.73px"> </div>credit risk<div style="display:inline-block;width:3px"> </div></div><div id="a164562" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:587.7px;">reflected on the balance sheet within<div style="display:inline-block;width:3.77px"> </div>the scope of ECL </div><div id="a164565_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:250.688px;top:587.7px;">747.5</div><div id="a164568_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:587.7px;">38.4</div><div id="a164571_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:361.422px;top:587.7px;">196.9</div><div id="a164574_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:411.582px;top:587.7px;">191.3</div><div id="a164577_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.155px;top:587.7px;">28.4</div><div id="a164581_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.528px;top:587.7px;">18.4</div><div id="a164584_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:567.262px;top:587.7px;">0.0</div><div id="a164587_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:619.315px;top:587.7px;">4.0</div><div id="a164590_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:587.7px;">270.0</div><div id="a164593" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:601px;">Guarantees</div><div id="a164594" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:44.854px;top:601.7px;">7</div><div id="a164597_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:255.422px;top:601px;">20.9</div><div id="a164600_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:314.568px;top:601px;">1.3</div><div id="a164603_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.355px;top:601px;">6.5</div><div id="a164606_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.502px;top:601px;">0.2</div><div id="a164609_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.355px;top:601px;">2.5</div><div id="a164615_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:619.782px;top:601px;">2.3</div><div id="a164618_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:678.448px;top:601px;">8.1</div><div id="a164621" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:613.8px;">Loan commitments</div><div id="a164622" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:72.283px;top:614.4px;">7</div><div id="a164625_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:255.422px;top:613.8px;">39.4</div><div id="a164628_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:314.568px;top:613.8px;">0.5</div><div id="a164631_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.355px;top:613.8px;">4.0</div><div id="a164634_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.502px;top:613.8px;">2.4</div><div id="a164637_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.355px;top:613.8px;">7.3</div><div id="a164642_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:567.728px;top:613.8px;">0.3</div><div id="a164645_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:619.782px;top:613.8px;">1.7</div><div id="a164648_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.248px;top:613.8px;">23.1</div><div id="a164651" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:627px;">Forward starting transactions,<div style="display:inline-block;width:4.04px"> </div>reverse repurchase </div><div id="a164653" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:638.4px;">and securities borrowing agreements </div><div id="a164656_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:260.622px;top:638.4px;">1.4</div><div id="a164660_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.355px;top:638.4px;">1.4</div><div id="a164669_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:678.448px;top:638.4px;">0.0</div><div id="a164672" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:651.6px;">Committed unconditionally revocable credit lines </div><div id="a164675_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:255.422px;top:651.6px;">42.3</div><div id="a164678_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:314.568px;top:651.6px;">0.3</div><div id="a164681_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.355px;top:651.6px;">9.0</div><div id="a164684_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.502px;top:651.6px;">6.2</div><div id="a164687_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.355px;top:651.6px;">3.9</div><div id="a164693_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:619.782px;top:651.6px;">0.5</div><div id="a164696_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.248px;top:651.6px;">22.5</div><div id="a164699" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:663.9px;">Total maximum exposure to<div style="display:inline-block;width:3.73px"> </div>credit risk not<div style="display:inline-block;width:2.86px"> </div></div><div id="a164701" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:675.8px;">reflected on the balance sheet within<div style="display:inline-block;width:3.77px"> </div>the scope of ECL </div><div id="a164704_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:250.688px;top:675.8px;">104.1</div><div id="a164707_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:314.102px;top:675.8px;">2.2</div><div id="a164710_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.142px;top:675.8px;">20.9</div><div id="a164713_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.035px;top:675.8px;">8.7</div><div id="a164716_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.155px;top:675.8px;">13.7</div><div id="a164720_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:514.262px;top:675.8px;">0.0</div><div id="a164723_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:567.262px;top:675.8px;">0.3</div><div id="a164726_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:619.315px;top:675.8px;">4.5</div><div id="a164729_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.248px;top:675.8px;">53.7</div><div id="a164732" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:689.4px;">1 Of which: USD </div><div id="a164732_16_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:56.644px;top:689.4px;">1,372</div><div id="a164732_21_46" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:76.033px;top:689.4px;">m for 31 December 2022 (31 December<div style="display:inline-block;width:3.42px"> </div>2021: USD </div><div id="a164732_67_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:238.712px;top:689.4px;">1,443</div><div id="a164732_72_88" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:257.628px;top:689.4px;">m) relates to total credit-impaired financial<div style="display:inline-block;width:3.99px"> </div>assets measured at amortized cost and USD </div><div id="a164732_160_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:532.109px;top:689.4px;">113</div><div id="a164732_163_42" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:544.877px;top:689.4px;">m for 31 December 2022 (31 December<div style="display:inline-block;width:3.42px"> </div>2021: </div><div id="a164735" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:699.3px;">USD </div><div id="a164735_4_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.339px;top:699.3px;">130</div><div id="a164735_7_219" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:31.107px;top:699.3px;">m) to total off-balance sheet financial instruments and credit<div style="display:inline-block;width:3.44px"> </div>lines for credit-impaired positions.<div style="display:inline-block;width:8.4px"> </div>2 Collateral arrangements<div style="display:inline-block;width:3.64px"> </div>generally incorporate a range of collateral, including<div style="display:inline-block;width:3.47px"> </div>cash, equity and debt instruments, </div><div id="a164743" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:709.7px;">real estate and<div style="display:inline-block;width:3.65px"> </div>other collateral.<div style="display:inline-block;width:3.62px"> </div>UBS AG applies<div style="display:inline-block;width:3.78px"> </div>a risk-based<div style="display:inline-block;width:3.42px"> </div>approach that<div style="display:inline-block;width:3.48px"> </div>generally<div style="display:inline-block;width:3.39px"> </div>prioritizes collateral<div style="display:inline-block;width:3.76px"> </div>according to its<div style="display:inline-block;width:3.62px"> </div>liquidity profile.<div style="display:inline-block;width:11.02px"> </div>3 Includes but is<div style="display:inline-block;width:4.08px"> </div>not limited to life<div style="display:inline-block;width:4.23px"> </div>insurance contracts,<div style="display:inline-block;width:4.26px"> </div>inventory,<div style="display:inline-block;width:3.52px"> </div>mortgage </div><div id="a164749" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:719.6px;">loans, gold<div style="display:inline-block;width:3.62px"> </div>and other<div style="display:inline-block;width:3.63px"> </div>commodities.<div style="display:inline-block;width:11.63px"> </div>4 Loans<div style="display:inline-block;width:3.42px"> </div>and advances<div style="display:inline-block;width:4.26px"> </div>to banks<div style="display:inline-block;width:3.63px"> </div>include amounts<div style="display:inline-block;width:4.4px"> </div>held with third<div style="display:inline-block;width:2.15px"> </div>-party banks<div style="display:inline-block;width:3.69px"> </div>on behalf<div style="display:inline-block;width:3.95px"> </div>of clients.<div style="display:inline-block;width:3.63px"> </div>The credit<div style="display:inline-block;width:4.42px"> </div>risk associated<div style="display:inline-block;width:4.1px"> </div>with these<div style="display:inline-block;width:3.79px"> </div>balances may<div style="display:inline-block;width:4.11px"> </div>be borne<div style="display:inline-block;width:3.78px"> </div>by those clients.<div style="display:inline-block;width:8.36px"> </div></div><div id="a164755" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:730px;">5 Included within Cash<div style="display:inline-block;width:3.81px"> </div>collateral receivables<div style="display:inline-block;width:4.24px"> </div>on derivative<div style="display:inline-block;width:3.44px"> </div>instruments are<div style="display:inline-block;width:3.62px"> </div>margin balances<div style="display:inline-block;width:3.79px"> </div>due from exchanges<div style="display:inline-block;width:3.95px"> </div>or clearing houses.<div style="display:inline-block;width:4.36px"> </div>Some of these<div style="display:inline-block;width:3.93px"> </div>margin balances<div style="display:inline-block;width:3.38px"> </div>reflect amounts<div style="display:inline-block;width:3.62px"> </div>transferred on<div style="display:inline-block;width:3.47px"> </div>behalf of clients<div style="display:inline-block;width:3.95px"> </div>who </div><div id="a164761" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:740px;">retain the associated<div style="display:inline-block;width:3.48px"> </div>credit risk.<div style="display:inline-block;width:9.62px"> </div>6 The amount<div style="display:inline-block;width:3.55px"> </div>shown in the<div style="display:inline-block;width:3.47px"> </div>“Netting” column represents<div style="display:inline-block;width:3.96px"> </div>the netting<div style="display:inline-block;width:3.47px"> </div>potential not recognized<div style="display:inline-block;width:3.77px"> </div>on the balance sheet.<div style="display:inline-block;width:4.44px"> </div>Refer to Note 21<div style="display:inline-block;width:3.45px"> </div>for more information.<div style="display:inline-block;width:10.44px"> </div>7 The amount<div style="display:inline-block;width:3.96px"> </div>shown in </div><div id="a164769" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:750.4px;">the “Guarantees” column includes<div style="display:inline-block;width:3.97px"> </div>sub-participations.</div></div> 169400000000 169400000000 14700000000 0.0 100000000 14600000000 67800000000 0.0 64500000000 2400000000 900000000 35000000000.0 22900000000 12100000000 390000000000.0 36100000000 115900000000 197800000000 19600000000 3000000000.0 17600000000 53400000000 100000000 500000000 0.0 1300000000 51400000000 730400000000 36200000000 181000000000.0 197900000000 23400000000 22900000000 0.0 3000000000.0 266100000000 2200000000 2200000000 732600000000 36200000000 181000000000.0 197900000000 23400000000 22900000000 0.0 3000000000.0 268300000000 22100000000 1200000000 9300000000 100000000 2000000000.0 1800000000 7700000000 39900000000 200000000 3100000000 1300000000 6500000000 100000000 1000000000.0 27800000000 3800000000 3800000000 0.0 43600000000 200000000 8200000000 6000000000.0 6200000000 500000000 22500000000 109400000000 1600000000 24400000000 7500000000 14700000000 0.0 100000000 3300000000 58000000000.0 192800000000 192800000000 15400000000 100000000 100000000 15100000000 75000000000.0 0.0 68000000000.0 6900000000 0.0 30500000000 18400000000 12100000000 398700000000 38200000000 128700000000 191300000000 20200000000 4000000000.0 16400000000 26200000000 200000000 100000000 0.0 1300000000 24700000000 738600000000 38400000000 196900000000 191300000000 28400000000 18400000000 0.0 4000000000.0 261100000000 8800000000 8800000000 747500000000 38400000000 196900000000 191300000000 28400000000 18400000000 0.0 4000000000.0 270000000000.0 20900000000 1300000000 6500000000 200000000 2500000000 2300000000 8100000000 39400000000 500000000 4000000000.0 2400000000 7300000000 300000000 1700000000 23100000000 1400000000 1400000000 0.0 42300000000 300000000 9000000000.0 6200000000 3900000000 500000000 22500000000 104100000000 2200000000 20900000000 8700000000 13700000000 0.0 300000000 4500000000 53700000000 1372000000 1443000000 113000000 130000000 <div id="TextBlockContainer1383" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:401px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a164859" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Financial assets subject to credit risk by<div style="display:inline-block;width:4.27px"> </div>rating category </div><div id="a164861" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:14.4px;">USD m </div><div id="a164864" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:446.608px;top:14.4px;">31.12.22 </div><div id="a164866" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:73.5px;">Rating category</div><div id="a164867" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:60.932px;top:74.1px;">1</div><div id="a164870" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:271.035px;top:73.5px;">0–1 </div><div id="a164874" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:313.622px;top:73.5px;">2–3 </div><div id="a164878" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:356.688px;top:73.5px;">4–5 </div><div id="a164882" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:399.755px;top:73.5px;">6–8 </div><div id="a164886" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.062px;top:73.5px;">9–13 </div><div id="a164890" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:489.168px;top:50.3px;">Credit-</div><div id="a164892" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:482.542px;top:62.1px;">impaired </div><div id="a164893" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:474.502px;top:73.5px;">(defaulted) </div><div id="a164895" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:522.768px;top:50.3px;">Total gross </div><div id="a164896" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:533.648px;top:62.1px;">carrying </div><div id="a164897" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:534.595px;top:73.5px;">amount </div><div id="a164899" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.582px;top:62.1px;">ECL </div><div id="a164900" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:570.102px;top:73.5px;">allowances </div><div id="a164902" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:634.448px;top:26.7px;">Net carrying </div><div id="a164903" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:650.515px;top:38.5px;">amount </div><div id="a164904" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:640.595px;top:50.3px;">(maximum </div><div id="a164905" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:636.328px;top:62.1px;">exposure to </div><div id="a164906" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:641.062px;top:73.5px;">credit risk) </div><div id="a164908" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:85.8px;">Financial assets measured at amortized<div style="display:inline-block;width:3.86px"> </div>cost </div><div id="a164920" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:98.6px;">Cash and balances at central banks </div><div id="a164923_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:254.475px;top:98.6px;">168,525</div><div id="a164926_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:313.622px;top:98.6px;">877</div><div id="a164929_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:98.6px;">0</div><div id="a164932_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:409.688px;top:98.6px;">0</div><div id="a164935_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.022px;top:98.6px;">56</div><div id="a164938_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.528px;top:98.6px;">0</div><div id="a164941_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.288px;top:98.6px;">169,457</div><div id="a164944_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:98.6px;display:flex;">(12)</div><div id="a164947_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.688px;top:98.6px;">169,445</div><div id="a164950" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:110.9px;">of which: stage 1 </div><div id="a164953_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:254.475px;top:110.9px;">168,525</div><div id="a164956_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:313.622px;top:110.9px;">877</div><div id="a164959_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:110.9px;">0</div><div id="a164962_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:110.9px;">0</div><div id="a164965_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:110.9px;">0</div><div id="a164968_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:110.9px;">0</div><div id="a164971_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:531.288px;top:110.9px;">169,402</div><div id="a164974_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:605.595px;top:110.9px;">0</div><div id="a164977_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:647.688px;top:110.9px;">169,402</div><div id="a164980" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:123.6px;">of which: stage 2 </div><div id="a164983_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:280.955px;top:123.6px;">0</div><div id="a164986_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:123.6px;">0</div><div id="a164989_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:123.6px;">0</div><div id="a164992_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:123.6px;">0</div><div id="a164995_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:448.022px;top:123.6px;">56</div><div id="a164998_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:123.6px;">0</div><div id="a165001_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:553.075px;top:123.6px;">56</div><div id="a165004_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:595.635px;top:123.6px;display:flex;">(12)</div><div id="a165007_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.475px;top:123.6px;">44</div><div id="a165010" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:136px;">Loans and advances to banks </div><div id="a165013_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:271.035px;top:136px;">862</div><div id="a165016_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:301.795px;top:136px;">11,150</div><div id="a165019_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:136px;">832</div><div id="a165022_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:399.755px;top:136px;">996</div><div id="a165025_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:442.822px;top:136px;">837</div><div id="a165028_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.528px;top:136px;">0</div><div id="a165031_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.008px;top:136px;">14,676</div><div id="a165034_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.862px;top:136px;display:flex;">(6)</div><div id="a165037_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.448px;top:136px;">14,671</div><div id="a165040" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:148.7px;">of which: stage 1 </div><div id="a165043_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:271.035px;top:148.7px;">862</div><div id="a165046_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:301.795px;top:148.7px;">11,150</div><div id="a165049_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:356.688px;top:148.7px;">832</div><div id="a165052_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.755px;top:148.7px;">996</div><div id="a165055_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:148.7px;">836</div><div id="a165058_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:148.7px;">0</div><div id="a165061_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:536.008px;top:148.7px;">14,675</div><div id="a165064_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:600.395px;top:148.7px;display:flex;">(5)</div><div id="a165067_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:652.448px;top:148.7px;">14,670</div><div id="a165070" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:161.5px;">of which: stage 2 </div><div id="a165073_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:280.955px;top:161.5px;">0</div><div id="a165076_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:161.5px;">0</div><div id="a165079_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:161.5px;">0</div><div id="a165082_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:161.5px;">0</div><div id="a165085_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:161.5px;">1</div><div id="a165088_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:161.5px;">0</div><div id="a165091_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:557.795px;top:161.5px;">1</div><div id="a165094_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:600.395px;top:161.5px;display:flex;">(1)</div><div id="a165097_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:674.195px;top:161.5px;">1</div><div id="a165100" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:174.7px;">of which: stage 3 </div><div id="a165103_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:280.955px;top:174.7px;">0</div><div id="a165106_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:174.7px;">0</div><div id="a165109_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:174.7px;">0</div><div id="a165112_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:174.7px;">0</div><div id="a165115_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:174.7px;">0</div><div id="a165118_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:174.7px;">0</div><div id="a165121_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:557.795px;top:174.7px;">0</div><div id="a165124_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:605.595px;top:174.7px;">0</div><div id="a165127_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:674.195px;top:174.7px;">0</div><div id="a165130" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:187px;">Receivables from securities<div style="display:inline-block;width:3.89px"> </div>financing transactions measured at </div><div id="a165131" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:198.4px;">amortized cost </div><div id="a165134_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:259.208px;top:198.4px;">27,158</div><div id="a165137_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:301.795px;top:198.4px;">15,860</div><div id="a165140_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:349.595px;top:198.4px;">8,870</div><div id="a165143_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.902px;top:198.4px;">15,207</div><div id="a165146_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:442.822px;top:198.4px;">721</div><div id="a165149_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.528px;top:198.4px;">0</div><div id="a165152_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.008px;top:198.4px;">67,816</div><div id="a165155_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.862px;top:198.4px;display:flex;">(2)</div><div id="a165158_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.448px;top:198.4px;">67,814</div><div id="a165161" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:211.2px;">of which: stage 1 </div><div id="a165164_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:259.208px;top:211.2px;">27,158</div><div id="a165167_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:301.795px;top:211.2px;">15,860</div><div id="a165170_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:349.595px;top:211.2px;">8,870</div><div id="a165173_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:387.902px;top:211.2px;">15,207</div><div id="a165176_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:211.2px;">721</div><div id="a165179_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:211.2px;">0</div><div id="a165182_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:536.008px;top:211.2px;">67,816</div><div id="a165185_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:600.395px;top:211.2px;display:flex;">(2)</div><div id="a165188_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:652.448px;top:211.2px;">67,814</div><div id="a165191" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:223.5px;">Cash collateral receivables on<div style="display:inline-block;width:3.94px"> </div>derivative instruments </div><div id="a165195_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:259.208px;top:223.5px;">10,613</div><div id="a165198_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:301.795px;top:223.5px;">12,978</div><div id="a165201_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:349.595px;top:223.5px;">7,138</div><div id="a165204_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:223.5px;">4,157</div><div id="a165207_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:442.822px;top:223.5px;">147</div><div id="a165210_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.528px;top:223.5px;">0</div><div id="a165213_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.008px;top:223.5px;">35,034</div><div id="a165216_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.595px;top:223.5px;">0</div><div id="a165219_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.448px;top:223.5px;">35,033</div><div id="a165222" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:235.8px;">of which: stage 1 </div><div id="a165225_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:259.208px;top:235.8px;">10,613</div><div id="a165228_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:301.795px;top:235.8px;">12,978</div><div id="a165231_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:349.595px;top:235.8px;">7,138</div><div id="a165234_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:235.8px;">4,157</div><div id="a165237_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:235.8px;">147</div><div id="a165240_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:235.8px;">0</div><div id="a165243_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:536.008px;top:235.8px;">35,034</div><div id="a165246_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:605.595px;top:235.8px;">0</div><div id="a165249_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:652.448px;top:235.8px;">35,033</div><div id="a165252" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:248.1px;">Loans and advances to customers </div><div id="a165255_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:263.942px;top:248.1px;">6,491</div><div id="a165258_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:297.075px;top:248.1px;">216,824</div><div id="a165261_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.862px;top:248.1px;">68,444</div><div id="a165264_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.902px;top:248.1px;">76,147</div><div id="a165267_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.968px;top:248.1px;">20,891</div><div id="a165270_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:492.475px;top:248.1px;">2,012</div><div id="a165273_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:531.288px;top:248.1px;">390,810</div><div id="a165276_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:590.902px;top:248.1px;display:flex;">(783)</div><div id="a165279_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.688px;top:248.1px;">390,027</div><div id="a165282" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:260.4px;">of which: stage 1 </div><div id="a165285_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:263.942px;top:260.4px;">6,491</div><div id="a165288_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:297.075px;top:260.4px;">215,332</div><div id="a165291_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.862px;top:260.4px;">66,202</div><div id="a165294_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:387.902px;top:260.4px;">69,450</div><div id="a165297_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:430.968px;top:260.4px;">15,557</div><div id="a165300_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:260.4px;">0</div><div id="a165303_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:531.288px;top:260.4px;">373,032</div><div id="a165306_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:590.902px;top:260.4px;display:flex;">(129)</div><div id="a165309_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:647.688px;top:260.4px;">372,903</div><div id="a165312" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:273.6px;">of which: stage 2 </div><div id="a165315_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:280.955px;top:273.6px;">0</div><div id="a165318_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:306.528px;top:273.6px;">1,493</div><div id="a165321_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:349.595px;top:273.6px;">2,242</div><div id="a165324_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:273.6px;">6,698</div><div id="a165327_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:273.6px;">5,334</div><div id="a165330_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:273.6px;">0</div><div id="a165333_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:536.008px;top:273.6px;">15,767</div><div id="a165336_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:590.902px;top:273.6px;display:flex;">(180)</div><div id="a165339_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:652.448px;top:273.6px;">15,587</div><div id="a165342" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:286.4px;">of which: stage 3 </div><div id="a165345_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:280.955px;top:286.4px;">0</div><div id="a165348_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:286.4px;">0</div><div id="a165351_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:286.4px;">0</div><div id="a165354_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:286.4px;">0</div><div id="a165357_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:286.4px;">0</div><div id="a165360_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:492.475px;top:286.4px;">2,012</div><div id="a165363_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:540.742px;top:286.4px;">2,012</div><div id="a165366_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:590.902px;top:286.4px;display:flex;">(474)</div><div id="a165369_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:657.168px;top:286.4px;">1,538</div><div id="a165372" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:298.7px;">Other financial assets measured at<div style="display:inline-block;width:3.94px"> </div>amortized cost </div><div id="a165375_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:259.208px;top:298.7px;">29,011</div><div id="a165378_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:301.795px;top:298.7px;">16,649</div><div id="a165381_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:298.7px;">447</div><div id="a165384_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:298.7px;">6,708</div><div id="a165387_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:442.822px;top:298.7px;">450</div><div id="a165390_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:499.595px;top:298.7px;">210</div><div id="a165393_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.008px;top:298.7px;">53,475</div><div id="a165396_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:298.7px;display:flex;">(86)</div><div id="a165399_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.448px;top:298.7px;">53,389</div><div id="a165402" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:311px;">of which: stage 1 </div><div id="a165405_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:259.208px;top:311px;">29,011</div><div id="a165408_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:301.795px;top:311px;">16,646</div><div id="a165411_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:356.688px;top:311px;">427</div><div id="a165414_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:311px;">6,426</div><div id="a165417_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:311px;">336</div><div id="a165420_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:311px;">0</div><div id="a165423_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:536.008px;top:311px;">52,846</div><div id="a165426_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:595.635px;top:311px;display:flex;">(17)</div><div id="a165429_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:652.448px;top:311px;">52,829</div><div id="a165432" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:324.2px;">of which: stage 2 </div><div id="a165435_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:280.955px;top:324.2px;">0</div><div id="a165438_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:324.2px;">2</div><div id="a165441_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:361.888px;top:324.2px;">20</div><div id="a165444_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.755px;top:324.2px;">283</div><div id="a165447_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:324.2px;">114</div><div id="a165450_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.528px;top:324.2px;">0</div><div id="a165453_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:547.875px;top:324.2px;">419</div><div id="a165456_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:600.395px;top:324.2px;display:flex;">(6)</div><div id="a165459_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:324.2px;">413</div><div id="a165462" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:337px;">of which: stage 3 </div><div id="a165465_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:280.955px;top:337px;">0</div><div id="a165468_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:337px;">0</div><div id="a165471_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:337px;">0</div><div id="a165474_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:337px;">0</div><div id="a165477_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:337px;">0</div><div id="a165480_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:499.595px;top:337px;">210</div><div id="a165483_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:547.875px;top:337px;">210</div><div id="a165486_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:595.635px;top:337px;display:flex;">(63)</div><div id="a165489_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:337px;">147</div><div id="a165492" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:349.8px;">Total financial assets<div style="display:inline-block;width:3.87px"> </div>measured at amortized cost </div><div id="a165495_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:254.475px;top:349.8px;">242,660</div><div id="a165498_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:297.075px;top:349.8px;">274,337</div><div id="a165501_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:344.862px;top:349.8px;">85,731</div><div id="a165504_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.168px;top:349.8px;">103,216</div><div id="a165507_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:430.968px;top:349.8px;">23,102</div><div id="a165510_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:492.475px;top:349.8px;">2,222</div><div id="a165513_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:531.288px;top:349.8px;">731,269</div><div id="a165516_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:590.902px;top:349.8px;display:flex;">(890)</div><div id="a165519_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:647.688px;top:349.8px;">730,379</div><div id="a165522" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:362.6px;">On-balance sheet financial instruments </div><div id="a165536" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:376.8px;">Financial assets measured at FVOCI<div style="display:inline-block;width:4.1px"> </div>– debt instruments </div><div id="a165543_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:263.942px;top:376.8px;">1,307</div><div id="a165546_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:313.622px;top:376.8px;">840</div><div id="a165549_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:376.8px;">0</div><div id="a165552_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:404.955px;top:376.8px;">92</div><div id="a165555_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:452.755px;top:376.8px;">0</div><div id="a165558_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.528px;top:376.8px;">0</div><div id="a165561_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:540.742px;top:376.8px;">2,239</div><div id="a165564_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.595px;top:376.8px;">0</div><div id="a165567_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:376.8px;">2,239</div><div id="a165570" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:390.5px;">Total on-balance<div style="display:inline-block;width:3.77px"> </div>sheet financial instruments </div><div id="a165575_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:254.475px;top:390.5px;">243,966</div><div id="a165578_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:297.075px;top:390.5px;">275,178</div><div id="a165581_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:344.862px;top:390.5px;">85,731</div><div id="a165584_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.168px;top:390.5px;">103,308</div><div id="a165587_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:430.968px;top:390.5px;">23,102</div><div id="a165590_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:492.475px;top:390.5px;">2,222</div><div id="a165593_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:531.288px;top:390.5px;">733,508</div><div id="a165596_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:590.902px;top:390.5px;display:flex;">(890)</div><div id="a165599_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:647.688px;top:390.5px;">732,618</div></div> 168525000000 877000000 0 0 56000000 0 169457000000 -12000000 169445000000 168525000000 877000000 0 0 0 0 169402000000 0 169402000000 0 0 0 0 56000000 0 56000000 -12000000 44000000 862000000 11150000000 832000000 996000000 837000000 0 14676000000 -6000000 14671000000 862000000 11150000000 832000000 996000000 836000000 0 14675000000 -5000000 14670000000 0 0 0 0 1000000 0 1000000 -1000000 1000000 0 0 0 0 0 0 0 0 0 27158000000 15860000000 8870000000 15207000000 721000000 0 67816000000 -2000000 67814000000 27158000000 15860000000 8870000000 15207000000 721000000 0 67816000000 -2000000 67814000000 10613000000 12978000000 7138000000 4157000000 147000000 0 35034000000 0 35033000000 10613000000 12978000000 7138000000 4157000000 147000000 0 35034000000 0 35033000000 6491000000 216824000000 68444000000 76147000000 20891000000 2012000000 390810000000 -783000000 390027000000 6491000000 215332000000 66202000000 69450000000 15557000000 0 373032000000 -129000000 372903000000 0 1493000000 2242000000 6698000000 5334000000 0 15767000000 -180000000 15587000000 0 0 0 0 0 2012000000 2012000000 -474000000 1538000000 29011000000 16649000000 447000000 6708000000 450000000 210000000 53475000000 -86000000 53389000000 29011000000 16646000000 427000000 6426000000 336000000 0 52846000000 -17000000 52829000000 0 2000000 20000000 283000000 114000000 0 419000000 -6000000 413000000 0 0 0 0 0 210000000 210000000 -63000000 147000000 242660000000 274337000000 85731000000 103216000000 23102000000 2222000000 731269000000 -890000000 730379000000 1307000000 840000000 0 92000000 0 0 2239000000 0 2239000000 243966000000 275178000000 85731000000 103308000000 23102000000 2222000000 733508000000 -890000000 732618000000 <div id="TextBlockContainer1387" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:373px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a165603" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Off-balance sheet positions subject to expected<div style="display:inline-block;width:4.55px"> </div>credit loss by rating category </div><div id="a165608" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:14.3px;">USD m </div><div id="a165611" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:466.942px;top:14.3px;">31.12.22 </div><div id="a165613" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:85.3px;">Rating category</div><div id="a165614" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:60.932px;top:85.9px;">1</div><div id="a165617" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:313.622px;top:85.3px;">0–1 </div><div id="a165621" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:356.688px;top:85.3px;">2–3 </div><div id="a165625" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:399.755px;top:85.3px;">4–5 </div><div id="a165629" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:442.822px;top:85.3px;">6–8 </div><div id="a165633" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:481.128px;top:85.3px;">9–13 </div><div id="a165637" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:532.235px;top:61.7px;">Credit-</div><div id="a165639" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.608px;top:73.5px;">impaired </div><div id="a165641" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:517.568px;top:85.3px;">(defaulted) </div><div id="a165643" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:584.288px;top:26.7px;">Total off- </div><div id="a165646" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:567.728px;top:38.5px;">balance sheet </div><div id="a165647" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:585.222px;top:49.8px;">exposure </div><div id="a165649" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:579.555px;top:61.7px;">(maximum </div><div id="a165650" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:575.302px;top:73.5px;">exposure to </div><div id="a165651" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:580.022px;top:85.3px;">credit risk) </div><div id="a165653" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:625.462px;top:85.3px;">ECL provisions </div><div id="a165655" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:97.6px;">Off-balance sheet financial instruments </div><div id="a165669" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:109.9px;">Guarantees<div style="display:inline-block;width:2.82px"> </div></div><div id="a165672_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:109.9px;">7,252</div><div id="a165675_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:349.595px;top:109.9px;">5,961</div><div id="a165678_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:109.9px;">4,772</div><div id="a165681_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.702px;top:109.9px;">3,049</div><div id="a165684_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:478.755px;top:109.9px;">1,025</div><div id="a165687_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:542.635px;top:109.9px;">108</div><div id="a165690_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:109.9px;">22,167</div><div id="a165693_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:109.9px;display:flex;">(48)</div><div id="a165696" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:122.2px;">of which: stage 1 </div><div id="a165699_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:306.528px;top:122.2px;">7,252</div><div id="a165702_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:349.595px;top:122.2px;">5,917</div><div id="a165705_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:122.2px;">3,812</div><div id="a165708_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:122.2px;">2,229</div><div id="a165711_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:122.2px;">596</div><div id="a165714_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:122.2px;">0</div><div id="a165717_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:591.382px;top:122.2px;">19,805</div><div id="a165720_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:122.2px;display:flex;">(13)</div><div id="a165723" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:135px;">of which: stage 2 </div><div id="a165726_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:135px;">0</div><div id="a165729_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:361.888px;top:135px;">44</div><div id="a165732_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.755px;top:135px;">960</div><div id="a165735_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:135px;">821</div><div id="a165738_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:135px;">429</div><div id="a165741_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:135px;">0</div><div id="a165744_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.102px;top:135px;">2,254</div><div id="a165747_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.048px;top:135px;display:flex;">(9)</div><div id="a165750" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:148.2px;">of which: stage 3 </div><div id="a165753_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:148.2px;">0</div><div id="a165756_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:148.2px;">0</div><div id="a165759_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:148.2px;">0</div><div id="a165762_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:148.2px;">0</div><div id="a165765_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:495.822px;top:148.2px;">0</div><div id="a165768_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:542.635px;top:148.2px;">108</div><div id="a165771_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.235px;top:148.2px;">108</div><div id="a165774_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:148.2px;display:flex;">(26)</div><div id="a165777" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:160.5px;">Irrevocable loan commitments </div><div id="a165780_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:160.5px;">1,770</div><div id="a165783_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.862px;top:160.5px;">14,912</div><div id="a165786_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:160.5px;">6,986</div><div id="a165789_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.968px;top:160.5px;">10,097</div><div id="a165792_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:478.755px;top:160.5px;">6,107</div><div id="a165795_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:542.635px;top:160.5px;">124</div><div id="a165798_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:160.5px;">39,996</div><div id="a165801_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.595px;top:160.5px;display:flex;">(111)</div><div id="a165804" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:172.8px;">of which: stage 1 </div><div id="a165807_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:306.528px;top:172.8px;">1,770</div><div id="a165810_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.862px;top:172.8px;">14,789</div><div id="a165813_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:172.8px;">6,818</div><div id="a165816_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:172.8px;">9,625</div><div id="a165819_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:478.755px;top:172.8px;">4,529</div><div id="a165822_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:172.8px;">0</div><div id="a165825_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:591.382px;top:172.8px;">37,531</div><div id="a165828_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:172.8px;display:flex;">(59)</div><div id="a165831" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:186.1px;">of which: stage 2 </div><div id="a165834_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:186.1px;">0</div><div id="a165837_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:356.688px;top:186.1px;">123</div><div id="a165840_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.755px;top:186.1px;">168</div><div id="a165843_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:186.1px;">472</div><div id="a165846_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:478.755px;top:186.1px;">1,578</div><div id="a165849_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:186.1px;">0</div><div id="a165852_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.102px;top:186.1px;">2,341</div><div id="a165855_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:186.1px;display:flex;">(52)</div><div id="a165858" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:198.9px;">of which: stage 3 </div><div id="a165862_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:198.9px;">0</div><div id="a165865_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:198.9px;">0</div><div id="a165868_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:198.9px;">0</div><div id="a165871_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:198.9px;">0</div><div id="a165874_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:495.822px;top:198.9px;">0</div><div id="a165877_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:542.635px;top:198.9px;">124</div><div id="a165880_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.235px;top:198.9px;">124</div><div id="a165883_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.248px;top:198.9px;">0</div><div id="a165886" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:211.2px;">Forward starting reverse repurchase<div style="display:inline-block;width:4.41px"> </div>and securities borrowing agreements </div><div id="a165889_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:211.2px;">2,781</div><div id="a165892_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:211.2px;">2</div><div id="a165895_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:404.955px;top:211.2px;">11</div><div id="a165898_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.702px;top:211.2px;">1,007</div><div id="a165901_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:495.822px;top:211.2px;">0</div><div id="a165904_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:552.595px;top:211.2px;">0</div><div id="a165907_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:211.2px;">3,801</div><div id="a165910_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.248px;top:211.2px;">0</div><div id="a165913" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:223.9px;">Total off-balance sheet<div style="display:inline-block;width:3.78px"> </div>financial instruments </div><div id="a165918_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:301.795px;top:223.9px;">11,803</div><div id="a165921_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:344.862px;top:223.9px;">20,874</div><div id="a165924_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:387.902px;top:223.9px;">11,769</div><div id="a165927_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:430.968px;top:223.9px;">14,153</div><div id="a165930_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:478.755px;top:223.9px;">7,132</div><div id="a165933_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:542.635px;top:223.9px;">233</div><div id="a165936_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:223.9px;">65,964</div><div id="a165939_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:658.595px;top:223.9px;display:flex;">(159)</div><div id="a165942" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:236.7px;">Credit lines </div><div id="a165953" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:249px;">Committed unconditionally revocable<div style="display:inline-block;width:3.72px"> </div>credit lines </div><div id="a165956_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:249px;">2,288</div><div id="a165959_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.862px;top:249px;">16,483</div><div id="a165962_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:249px;">9,247</div><div id="a165965_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.968px;top:249px;">11,885</div><div id="a165968_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:478.755px;top:249px;">3,739</div><div id="a165971_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:547.875px;top:249px;">36</div><div id="a165974_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:249px;">43,677</div><div id="a165977_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:249px;display:flex;">(40)</div><div id="a165980" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:261.3px;">of which: stage 1 </div><div id="a165983_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:306.528px;top:261.3px;">2,288</div><div id="a165986_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.862px;top:261.3px;">15,777</div><div id="a165989_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:261.3px;">8,960</div><div id="a165992_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:430.968px;top:261.3px;">11,355</div><div id="a165995_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:478.755px;top:261.3px;">3,429</div><div id="a165998_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:261.3px;">0</div><div id="a166001_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:591.382px;top:261.3px;">41,809</div><div id="a166004_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:261.3px;display:flex;">(32)</div><div id="a166007" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:274.6px;">of which: stage 2 </div><div id="a166010_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:274.6px;">0</div><div id="a166013_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:356.688px;top:274.6px;">705</div><div id="a166016_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.755px;top:274.6px;">287</div><div id="a166019_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:274.6px;">531</div><div id="a166022_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:274.6px;">310</div><div id="a166025_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:274.6px;">0</div><div id="a166028_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.102px;top:274.6px;">1,833</div><div id="a166031_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.048px;top:274.6px;display:flex;">(8)</div><div id="a166034" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:287.3px;">of which: stage 3 </div><div id="a166037_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:287.3px;">0</div><div id="a166040_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:287.3px;">0</div><div id="a166043_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:287.3px;">0</div><div id="a166046_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:287.3px;">0</div><div id="a166049_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:495.822px;top:287.3px;">0</div><div id="a166052_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:547.875px;top:287.3px;">36</div><div id="a166055_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:287.3px;">36</div><div id="a166058_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.248px;top:287.3px;">0</div><div id="a166061" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:300.1px;">Irrevocable committed prolongation<div style="display:inline-block;width:3.85px"> </div>of existing loans </div><div id="a166064_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:323.555px;top:300.1px;">7</div><div id="a166067_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:349.595px;top:300.1px;">1,939</div><div id="a166070_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:300.1px;">1,489</div><div id="a166073_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:442.822px;top:300.1px;">868</div><div id="a166076_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.848px;top:300.1px;">392</div><div id="a166079_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:552.595px;top:300.1px;">2</div><div id="a166082_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:300.1px;">4,696</div><div id="a166085_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:300.1px;display:flex;">(2)</div><div id="a166088" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:312.4px;">of which: stage 1 </div><div id="a166091_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:312.4px;">7</div><div id="a166094_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:349.595px;top:312.4px;">1,938</div><div id="a166097_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:312.4px;">1,411</div><div id="a166100_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:312.4px;">864</div><div id="a166103_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:312.4px;">380</div><div id="a166106_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:312.4px;">0</div><div id="a166109_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.102px;top:312.4px;">4,600</div><div id="a166112_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.048px;top:312.4px;display:flex;">(2)</div><div id="a166115" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:325.2px;">of which: stage 2 </div><div id="a166118_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:325.2px;">0</div><div id="a166121_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:325.2px;">1</div><div id="a166124_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:404.955px;top:325.2px;">78</div><div id="a166127_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:325.2px;">4</div><div id="a166130_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:491.062px;top:325.2px;">11</div><div id="a166133_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:325.2px;">0</div><div id="a166136_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:325.2px;">94</div><div id="a166139_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.248px;top:325.2px;">0</div><div id="a166142" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:338.4px;">of which: stage 3 </div><div id="a166145_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:338.4px;">0</div><div id="a166148_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:338.4px;">0</div><div id="a166151_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:338.4px;">0</div><div id="a166154_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:338.4px;">0</div><div id="a166157_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:495.822px;top:338.4px;">0</div><div id="a166160_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:338.4px;">2</div><div id="a166163_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.155px;top:338.4px;">2</div><div id="a166166_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.248px;top:338.4px;">0</div><div id="a166169" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:350.7px;">Total credit lines </div><div id="a166172_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:306.528px;top:350.7px;">2,295</div><div id="a166175_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:344.862px;top:350.7px;">18,421</div><div id="a166178_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:387.902px;top:350.7px;">10,736</div><div id="a166181_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:430.968px;top:350.7px;">12,753</div><div id="a166184_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:478.755px;top:350.7px;">4,131</div><div id="a166187_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:547.875px;top:350.7px;">37</div><div id="a166190_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:350.7px;">48,373</div><div id="a166193_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:663.795px;top:350.7px;display:flex;">(42)</div><div id="a166196" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:364.3px;">1 Refer to the “Internal UBS rating<div style="display:inline-block;width:3.99px"> </div>scale and mapping of external<div style="display:inline-block;width:3.8px"> </div>ratings” table in the “Risk<div style="display:inline-block;width:3.66px"> </div>management and control”<div style="display:inline-block;width:3.86px"> </div>section of this report for more<div style="display:inline-block;width:3.45px"> </div>information on rating categories.</div></div> 7252000000 5961000000 4772000000 3049000000 1025000000 108000000 22167000000 48000000 7252000000 5917000000 3812000000 2229000000 596000000 0 19805000000 13000000 0 44000000 960000000 821000000 429000000 0 2254000000 9000000 0 0 0 0 0 108000000 108000000 26000000 1770000000 14912000000 6986000000 10097000000 6107000000 124000000 39996000000 111000000 1770000000 14789000000 6818000000 9625000000 4529000000 0 37531000000 59000000 0 123000000 168000000 472000000 1578000000 0 2341000000 52000000 0 0 0 0 0 124000000 124000000 0 2781000000 2000000 11000000 1007000000 0 0 3801000000 0 11803000000 20874000000 11769000000 14153000000 7132000000 233000000 65964000000 159000000 2288000000 16483000000 9247000000 11885000000 3739000000 36000000 43677000000 40000000 2288000000 15777000000 8960000000 11355000000 3429000000 0 41809000000 32000000 0 705000000 287000000 531000000 310000000 0 1833000000 8000000 0 0 0 0 0 36000000 36000000 0 7000000 1939000000 1489000000 868000000 392000000 2000000 4696000000 2000000 7000000 1938000000 1411000000 864000000 380000000 0 4600000000 2000000 0 1000000 78000000 4000000 11000000 0 94000000 0 0 0 0 0 0 2000000 2000000 0 2295000000 18421000000 10736000000 12753000000 4131000000 37000000 48373000000 42000000 <div id="TextBlockContainer1392" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:687px;height:387px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1390_XBRL_TS_00b6f3693e30409b930570633aad2d69" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1391" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:687px;height:387px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a166234" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Financial assets subject to credit risk by<div style="display:inline-block;width:4.27px"> </div>rating category </div><div id="a166236" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:15.8px;">USD m </div><div id="a166239" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.702px;top:15.8px;">31.12.21 </div><div id="a166241" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:76.3px;">Rating category</div><div id="a166242" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:60.932px;top:77px;">1</div><div id="a166245" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:253.528px;top:76.3px;">0–1 </div><div id="a166249" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:301.328px;top:76.3px;">2–3 </div><div id="a166253" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:348.648px;top:76.3px;">4–5 </div><div id="a166257" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.448px;top:76.3px;">6–8 </div><div id="a166261" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.422px;top:76.3px;">9–13 </div><div id="a166265" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:492.008px;top:53.2px;">Credit-</div><div id="a166267" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.382px;top:64.5px;">impaired </div><div id="a166268" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:477.342px;top:76.3px;">(defaulted) </div><div id="a166270" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.142px;top:53.2px;">Total gross </div><div id="a166271" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.542px;top:64.5px;">carrying </div><div id="a166272" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.488px;top:76.3px;">amount </div><div id="a166274" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.942px;top:64.5px;">ECL </div><div id="a166275" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.982px;top:76.3px;">allowances </div><div id="a166277" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.862px;top:29.5px;">Net carrying </div><div id="a166278" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:41.3px;">amount </div><div id="a166279" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:642.008px;top:53.2px;">(maximum </div><div id="a166280" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:637.275px;top:64.5px;">exposure to </div><div id="a166281" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:642.008px;top:76.3px;">credit risk) </div><div id="a166283" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:88.6px;">Financial assets measured at amortized<div style="display:inline-block;width:3.86px"> </div>cost </div><div id="a166295" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:100.9px;">Cash and balances at central banks </div><div id="a166298_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:236.982px;top:100.9px;">191,015</div><div id="a166301_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:294.235px;top:100.9px;">1,802</div><div id="a166304_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:358.582px;top:100.9px;">0</div><div id="a166307_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:406.368px;top:100.9px;">0</div><div id="a166310_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.115px;top:100.9px;">0</div><div id="a166313_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.902px;top:100.9px;">0</div><div id="a166316_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.182px;top:100.9px;">192,817</div><div id="a166319_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.488px;top:100.9px;">0</div><div id="a166322_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:648.635px;top:100.9px;">192,817</div><div id="a166325" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:113.7px;">of which: stage 1 </div><div id="a166328_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:236.982px;top:113.7px;">191,015</div><div id="a166331_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:294.235px;top:113.7px;">1,802</div><div id="a166334_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:358.582px;top:113.7px;">0</div><div id="a166337_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:406.368px;top:113.7px;">0</div><div id="a166340_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:455.115px;top:113.7px;">0</div><div id="a166343_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:113.7px;">0</div><div id="a166346_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.182px;top:113.7px;">192,817</div><div id="a166349_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.488px;top:113.7px;">0</div><div id="a166352_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:648.635px;top:113.7px;">192,817</div><div id="a166355" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:126px;">Loans and advances to banks </div><div id="a166358_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:253.528px;top:126px;">407</div><div id="a166361_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:289.502px;top:126px;">12,552</div><div id="a166364_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:341.555px;top:126px;">1,123</div><div id="a166367_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.448px;top:126px;">795</div><div id="a166370_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:445.182px;top:126px;">490</div><div id="a166373_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.902px;top:126px;">1</div><div id="a166376_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:537.902px;top:126px;">15,368</div><div id="a166379_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:602.755px;top:126px;display:flex;">(8)</div><div id="a166382_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:126px;">15,360</div><div id="a166385" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:138.3px;">of which: stage 1 </div><div id="a166388_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:253.528px;top:138.3px;">407</div><div id="a166391_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:289.502px;top:138.3px;">12,552</div><div id="a166394_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:138.3px;">1,098</div><div id="a166397_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:396.448px;top:138.3px;">795</div><div id="a166400_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:445.182px;top:138.3px;">488</div><div id="a166403_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:138.3px;">0</div><div id="a166406_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:537.902px;top:138.3px;">15,340</div><div id="a166409_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:602.288px;top:138.3px;display:flex;">(7)</div><div id="a166412_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:653.395px;top:138.3px;">15,333</div><div id="a166415" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:151.1px;">of which: stage 2 </div><div id="a166419_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:263.462px;top:151.1px;">0</div><div id="a166422_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:311.262px;top:151.1px;">0</div><div id="a166425_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:353.848px;top:151.1px;">24</div><div id="a166428_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:406.368px;top:151.1px;">0</div><div id="a166431_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:455.115px;top:151.1px;">2</div><div id="a166434_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:151.1px;">0</div><div id="a166437_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:554.968px;top:151.1px;">27</div><div id="a166440_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:602.288px;top:151.1px;display:flex;">(1)</div><div id="a166443_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.408px;top:151.1px;">26</div><div id="a166446" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:164.3px;">of which: stage 3 </div><div id="a166449_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:263.462px;top:164.3px;">0</div><div id="a166452_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:311.262px;top:164.3px;">0</div><div id="a166455_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:358.582px;top:164.3px;">0</div><div id="a166458_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:406.368px;top:164.3px;">0</div><div id="a166461_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:455.115px;top:164.3px;">0</div><div id="a166464_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:164.3px;">1</div><div id="a166467_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:559.688px;top:164.3px;">1</div><div id="a166470_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.488px;top:164.3px;">0</div><div id="a166473_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:675.142px;top:164.3px;">1</div><div id="a166476" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:176.6px;">Receivables from securities<div style="display:inline-block;width:3.89px"> </div>financing transactions </div><div id="a166477" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:188.5px;">measured at amortized cost </div><div id="a166480_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:241.715px;top:188.5px;">34,386</div><div id="a166483_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:289.502px;top:188.5px;">11,267</div><div id="a166486_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:336.822px;top:188.5px;">10,483</div><div id="a166489_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:188.5px;">17,440</div><div id="a166492_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.062px;top:188.5px;">1,439</div><div id="a166495_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.902px;top:188.5px;">0</div><div id="a166498_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:537.902px;top:188.5px;">75,014</div><div id="a166501_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:602.755px;top:188.5px;display:flex;">(2)</div><div id="a166504_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:188.5px;">75,012</div><div id="a166507" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:200.8px;">of which: stage 1 </div><div id="a166511_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:241.715px;top:200.8px;">34,386</div><div id="a166514_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:289.502px;top:200.8px;">11,267</div><div id="a166517_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:336.822px;top:200.8px;">10,483</div><div id="a166520_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:384.595px;top:200.8px;">17,440</div><div id="a166523_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:438.062px;top:200.8px;">1,439</div><div id="a166526_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:200.8px;">0</div><div id="a166529_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:537.902px;top:200.8px;">75,014</div><div id="a166532_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:602.288px;top:200.8px;display:flex;">(2)</div><div id="a166535_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:653.395px;top:200.8px;">75,012</div><div id="a166538" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:213.1px;">Cash collateral receivables on<div style="display:inline-block;width:3.94px"> </div>derivative instruments </div><div id="a166541_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:246.435px;top:213.1px;">7,466</div><div id="a166544_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:289.502px;top:213.1px;">13,476</div><div id="a166547_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:341.555px;top:213.1px;">5,878</div><div id="a166550_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:213.1px;">3,647</div><div id="a166553_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:450.382px;top:213.1px;">47</div><div id="a166556_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.902px;top:213.1px;">0</div><div id="a166559_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:537.902px;top:213.1px;">30,514</div><div id="a166562_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.488px;top:213.1px;">0</div><div id="a166565_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:213.1px;">30,514</div><div id="a166568" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:225.4px;">of which: stage 1 </div><div id="a166571_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:246.435px;top:225.4px;">7,466</div><div id="a166574_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:289.502px;top:225.4px;">13,476</div><div id="a166577_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:225.4px;">5,878</div><div id="a166580_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:389.355px;top:225.4px;">3,647</div><div id="a166583_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:450.382px;top:225.4px;">47</div><div id="a166586_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:225.4px;">0</div><div id="a166589_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:537.902px;top:225.4px;">30,514</div><div id="a166592_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.488px;top:225.4px;">0</div><div id="a166595_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:653.395px;top:225.4px;">30,514</div><div id="a166598" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:237.7px;">Loans and advances to customers </div><div id="a166601_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:246.435px;top:237.7px;">5,295</div><div id="a166604_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:284.768px;top:237.7px;">232,663</div><div id="a166607_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:336.822px;top:237.7px;">67,620</div><div id="a166610_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:237.7px;">70,394</div><div id="a166613_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:433.328px;top:237.7px;">21,423</div><div id="a166616_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:494.875px;top:237.7px;">2,148</div><div id="a166619_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.182px;top:237.7px;">399,543</div><div id="a166622_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:237.7px;display:flex;">(850)</div><div id="a166625_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:648.635px;top:237.7px;">398,693</div><div id="a166628" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:249.9px;">of which: stage 1 </div><div id="a166631_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:246.435px;top:249.9px;">5,295</div><div id="a166634_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:284.768px;top:249.9px;">231,583</div><div id="a166637_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:336.822px;top:249.9px;">65,083</div><div id="a166640_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:384.595px;top:249.9px;">63,298</div><div id="a166643_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:433.328px;top:249.9px;">16,362</div><div id="a166646_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:249.9px;">0</div><div id="a166649_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.182px;top:249.9px;">381,622</div><div id="a166652_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:592.795px;top:249.9px;display:flex;">(126)</div><div id="a166655_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:648.635px;top:249.9px;">381,496</div><div id="a166658" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:263.2px;">of which: stage 2 </div><div id="a166661_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:263.462px;top:263.2px;">0</div><div id="a166664_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:294.235px;top:263.2px;">1,080</div><div id="a166667_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:263.2px;">2,536</div><div id="a166670_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:389.355px;top:263.2px;">7,096</div><div id="a166673_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:438.062px;top:263.2px;">5,061</div><div id="a166676_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:263.2px;">0</div><div id="a166679_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:537.902px;top:263.2px;">15,773</div><div id="a166682_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:592.795px;top:263.2px;display:flex;">(152)</div><div id="a166685_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:653.395px;top:263.2px;">15,620</div><div id="a166688" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:276px;">of which: stage 3 </div><div id="a166691_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:263.462px;top:276px;">0</div><div id="a166694_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:311.262px;top:276px;">0</div><div id="a166697_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:358.582px;top:276px;">0</div><div id="a166700_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:406.368px;top:276px;">0</div><div id="a166703_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:455.115px;top:276px;">0</div><div id="a166706_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:494.875px;top:276px;">2,148</div><div id="a166709_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:542.635px;top:276px;">2,148</div><div id="a166712_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:592.795px;top:276px;display:flex;">(572)</div><div id="a166715_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:658.115px;top:276px;">1,577</div><div id="a166718" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:288.8px;">Other financial assets measured at<div style="display:inline-block;width:3.94px"> </div>amortized cost </div><div id="a166721_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:241.715px;top:288.8px;">12,564</div><div id="a166724_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:294.235px;top:288.8px;">6,705</div><div id="a166727_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:348.648px;top:288.8px;">321</div><div id="a166730_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:288.8px;">6,097</div><div id="a166733_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:445.182px;top:288.8px;">394</div><div id="a166736_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.968px;top:288.8px;">264</div><div id="a166739_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:537.902px;top:288.8px;">26,346</div><div id="a166742_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:288.8px;display:flex;">(109)</div><div id="a166745_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:288.8px;">26,236</div><div id="a166748" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:301.1px;">of which: stage 1 </div><div id="a166751_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:241.715px;top:301.1px;">12,564</div><div id="a166754_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:294.235px;top:301.1px;">6,696</div><div id="a166757_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:348.648px;top:301.1px;">307</div><div id="a166760_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:389.355px;top:301.1px;">5,887</div><div id="a166763_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:445.182px;top:301.1px;">317</div><div id="a166766_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:301.1px;">0</div><div id="a166769_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:537.902px;top:301.1px;">25,772</div><div id="a166772_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:597.528px;top:301.1px;display:flex;">(27)</div><div id="a166775_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:653.395px;top:301.1px;">25,746</div><div id="a166778" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:313.8px;">of which: stage 2 </div><div id="a166781_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:263.462px;top:313.8px;">0</div><div id="a166784_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:306.528px;top:313.8px;">10</div><div id="a166787_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:353.848px;top:313.8px;">13</div><div id="a166790_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:396.448px;top:313.8px;">209</div><div id="a166793_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:450.382px;top:313.8px;">77</div><div id="a166796_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:511.902px;top:313.8px;">0</div><div id="a166799_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:549.755px;top:313.8px;">309</div><div id="a166802_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:602.288px;top:313.8px;display:flex;">(7)</div><div id="a166805_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:665.208px;top:313.8px;">302</div><div id="a166808" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:327.1px;">of which: stage 3 </div><div id="a166811_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:263.462px;top:327.1px;">0</div><div id="a166814_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:311.262px;top:327.1px;">0</div><div id="a166817_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:358.582px;top:327.1px;">0</div><div id="a166820_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:406.368px;top:327.1px;">0</div><div id="a166823_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:455.115px;top:327.1px;">0</div><div id="a166826_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:501.968px;top:327.1px;">264</div><div id="a166829_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:549.755px;top:327.1px;">264</div><div id="a166832_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:597.528px;top:327.1px;display:flex;">(76)</div><div id="a166835_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:665.208px;top:327.1px;">189</div><div id="a166838" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:339.4px;">Total financial assets<div style="display:inline-block;width:3.87px"> </div>measured at amortized cost </div><div id="a166841_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:236.982px;top:339.4px;">251,133</div><div id="a166844_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:284.768px;top:339.4px;">278,465</div><div id="a166847_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:336.822px;top:339.4px;">85,424</div><div id="a166850_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:339.4px;">98,372</div><div id="a166853_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:433.328px;top:339.4px;">23,793</div><div id="a166856_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:494.875px;top:339.4px;">2,414</div><div id="a166859_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.182px;top:339.4px;">739,601</div><div id="a166862_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:339.4px;display:flex;">(969)</div><div id="a166865_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:648.635px;top:339.4px;">738,632</div><div id="a166868" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:352.2px;">On-balance sheet financial instruments </div><div id="a166882" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:364.9px;">Financial assets measured at FVOCI<div style="display:inline-block;width:4.13px"> </div>– debt instruments </div><div id="a166888_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:246.435px;top:364.9px;">3,996</div><div id="a166891_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:294.235px;top:364.9px;">4,771</div><div id="a166894_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:358.582px;top:364.9px;">0</div><div id="a166897_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:364.9px;">77</div><div id="a166900_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.115px;top:364.9px;">0</div><div id="a166903_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.902px;top:364.9px;">0</div><div id="a166906_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:542.635px;top:364.9px;">8,844</div><div id="a166909_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.488px;top:364.9px;">0</div><div id="a166912_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:364.9px;">8,844</div><div id="a166915" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:377.2px;">Total on-balance<div style="display:inline-block;width:3.77px"> </div>sheet financial instruments </div><div id="a166920_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:236.982px;top:377.2px;">255,130</div><div id="a166923_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:284.768px;top:377.2px;">283,236</div><div id="a166926_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:336.822px;top:377.2px;">85,424</div><div id="a166929_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:377.2px;">98,449</div><div id="a166932_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:433.328px;top:377.2px;">23,793</div><div id="a166935_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:494.875px;top:377.2px;">2,414</div><div id="a166938_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.182px;top:377.2px;">748,445</div><div id="a166941_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:377.2px;display:flex;">(969)</div><div id="a166944_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:648.635px;top:377.2px;">747,477</div></div></div></div> 191015000000 1802000000 0 0 0 0 192817000000 0 192817000000 191015000000 1802000000 0 0 0 0 192817000000 0 192817000000 407000000 12552000000 1123000000 795000000 490000000 1000000 15368000000 -8000000 15360000000 407000000 12552000000 1098000000 795000000 488000000 0 15340000000 -7000000 15333000000 0 0 24000000 0 2000000 0 27000000 -1000000 26000000 0 0 0 0 0 1000000 1000000 0 1000000 34386000000 11267000000 10483000000 17440000000 1439000000 0 75014000000 -2000000 75012000000 34386000000 11267000000 10483000000 17440000000 1439000000 0 75014000000 -2000000 75012000000 7466000000 13476000000 5878000000 3647000000 47000000 0 30514000000 0 30514000000 7466000000 13476000000 5878000000 3647000000 47000000 0 30514000000 0 30514000000 5295000000 232663000000 67620000000 70394000000 21423000000 2148000000 399543000000 -850000000 398693000000 5295000000 231583000000 65083000000 63298000000 16362000000 0 381622000000 -126000000 381496000000 0 1080000000 2536000000 7096000000 5061000000 0 15773000000 -152000000 15620000000 0 0 0 0 0 2148000000 2148000000 -572000000 1577000000 12564000000 6705000000 321000000 6097000000 394000000 264000000 26346000000 -109000000 26236000000 12564000000 6696000000 307000000 5887000000 317000000 0 25772000000 -27000000 25746000000 0 10000000 13000000 209000000 77000000 0 309000000 -7000000 302000000 0 0 0 0 0 264000000 264000000 -76000000 189000000 251133000000 278465000000 85424000000 98372000000 23793000000 2414000000 739601000000 -969000000 738632000000 3996000000 4771000000 0 77000000 0 0 8844000000 0 8844000000 255130000000 283236000000 85424000000 98449000000 23793000000 2414000000 748445000000 -969000000 747477000000 <div id="TextBlockContainer1395" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:377px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a166948" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Off-balance sheet positions subject to expected<div style="display:inline-block;width:4.46px"> </div>credit loss by rating category </div><div id="a166952" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:16.3px;">USD m </div><div id="a166955" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:466.942px;top:16.3px;">31.12.21 </div><div id="a166957" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:88.7px;">Rating category</div><div id="a166958" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:60.932px;top:89.3px;">1</div><div id="a166961" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:313.622px;top:88.7px;">0–1 </div><div id="a166965" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.688px;top:88.7px;">2–3 </div><div id="a166969" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:399.755px;top:88.7px;">4–5 </div><div id="a166973" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:442.822px;top:88.7px;">6–8 </div><div id="a166977" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.128px;top:88.7px;">9–13 </div><div id="a166981" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.702px;top:65.5px;">Credit-</div><div id="a166983" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.608px;top:77.3px;">impaired </div><div id="a166985" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.048px;top:88.7px;">(defaulted) </div><div id="a166987" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.755px;top:30.5px;">Total off- </div><div id="a166990" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.208px;top:41.8px;">balance sheet </div><div id="a166991" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:53.6px;">exposure </div><div id="a166993" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.022px;top:65.5px;">(maximum </div><div id="a166994" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.302px;top:77.3px;">exposure to </div><div id="a166995" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.022px;top:88.7px;">credit risk) </div><div id="a166997" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:625.462px;top:88.7px;">ECL provisions </div><div id="a166999" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:101px;">Off-balance sheet financial instruments </div><div id="a167012" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:113.7px;">Guarantees<div style="display:inline-block;width:2.82px"> </div></div><div id="a167015_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:113.7px;">4,457</div><div id="a167018_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:349.595px;top:113.7px;">7,064</div><div id="a167021_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:113.7px;">4,535</div><div id="a167024_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.702px;top:113.7px;">3,757</div><div id="a167027_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:478.755px;top:113.7px;">1,009</div><div id="a167030_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:542.635px;top:113.7px;">150</div><div id="a167033_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:113.7px;">20,972</div><div id="a167036_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:113.7px;display:flex;">(41)</div><div id="a167039" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:126px;">of which: stage 1 </div><div id="a167042_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:306.528px;top:126px;">4,457</div><div id="a167045_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:349.595px;top:126px;">7,037</div><div id="a167048_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:126px;">4,375</div><div id="a167051_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:126px;">3,075</div><div id="a167054_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:126px;">752</div><div id="a167057_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:126px;">0</div><div id="a167060_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:591.382px;top:126px;">19,695</div><div id="a167063_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:126px;display:flex;">(18)</div><div id="a167066" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:138.8px;">of which: stage 2 </div><div id="a167069_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:138.8px;">0</div><div id="a167072_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:361.888px;top:138.8px;">27</div><div id="a167075_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.755px;top:138.8px;">160</div><div id="a167078_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:442.822px;top:138.8px;">682</div><div id="a167081_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:138.8px;">258</div><div id="a167084_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:138.8px;">0</div><div id="a167087_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.102px;top:138.8px;">1,127</div><div id="a167090_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.048px;top:138.8px;display:flex;">(8)</div><div id="a167093" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:152px;">of which: stage 3 </div><div id="a167096_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:152px;">0</div><div id="a167099_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:152px;">0</div><div id="a167102_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:152px;">0</div><div id="a167105_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:152px;">0</div><div id="a167108_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:495.822px;top:152px;">0</div><div id="a167111_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:542.635px;top:152px;">150</div><div id="a167114_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.235px;top:152px;">150</div><div id="a167117_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:152px;display:flex;">(15)</div><div id="a167120" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:164.4px;">Irrevocable loan commitments </div><div id="a167123_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:164.4px;">2,797</div><div id="a167126_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.862px;top:164.4px;">14,183</div><div id="a167129_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:164.4px;">7,651</div><div id="a167132_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.702px;top:164.4px;">8,298</div><div id="a167135_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:478.755px;top:164.4px;">6,502</div><div id="a167138_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:547.875px;top:164.4px;">46</div><div id="a167141_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:164.4px;">39,478</div><div id="a167144_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.595px;top:164.4px;display:flex;">(114)</div><div id="a167147" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:176.7px;">of which: stage 1 </div><div id="a167150_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:306.528px;top:176.7px;">2,797</div><div id="a167153_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.862px;top:176.7px;">13,917</div><div id="a167156_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:176.7px;">7,416</div><div id="a167159_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:176.7px;">7,127</div><div id="a167162_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:478.755px;top:176.7px;">5,840</div><div id="a167165_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:176.7px;">0</div><div id="a167168_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:591.382px;top:176.7px;">37,097</div><div id="a167171_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:176.7px;display:flex;">(72)</div><div id="a167174" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:189.9px;">of which: stage 2 </div><div id="a167178_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:189.9px;">0</div><div id="a167181_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:356.688px;top:189.9px;">266</div><div id="a167184_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.755px;top:189.9px;">235</div><div id="a167187_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:189.9px;">1,171</div><div id="a167190_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:189.9px;">663</div><div id="a167193_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:189.9px;">0</div><div id="a167196_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.102px;top:189.9px;">2,335</div><div id="a167199_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:189.9px;display:flex;">(42)</div><div id="a167202" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:202.7px;">of which: stage 3 </div><div id="a167205_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:202.7px;">0</div><div id="a167208_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:202.7px;">0</div><div id="a167211_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:202.7px;">0</div><div id="a167214_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:202.7px;">0</div><div id="a167217_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:495.822px;top:202.7px;">0</div><div id="a167220_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:547.875px;top:202.7px;">46</div><div id="a167223_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:202.7px;">46</div><div id="a167226_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.248px;top:202.7px;">0</div><div id="a167229" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:215px;">Forward starting reverse repurchase<div style="display:inline-block;width:4.41px"> </div>and securities borrowing agreements </div><div id="a167232_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:323.555px;top:215px;">0</div><div id="a167235_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:366.622px;top:215px;">0</div><div id="a167238_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:404.955px;top:215px;">55</div><div id="a167241_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.702px;top:215px;">1,389</div><div id="a167244_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:495.822px;top:215px;">0</div><div id="a167247_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:552.595px;top:215px;">0</div><div id="a167250_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:215px;">1,444</div><div id="a167253_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.248px;top:215px;">0</div><div id="a167256" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:227.3px;">Total off balance<div style="display:inline-block;width:3.77px"> </div>sheet financial instruments </div><div id="a167260_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:227.3px;">7,254</div><div id="a167263_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.862px;top:227.3px;">21,247</div><div id="a167266_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.902px;top:227.3px;">12,241</div><div id="a167269_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.968px;top:227.3px;">13,444</div><div id="a167272_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:478.755px;top:227.3px;">7,512</div><div id="a167275_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:542.635px;top:227.3px;">196</div><div id="a167278_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:227.3px;">61,894</div><div id="a167281_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.595px;top:227.3px;display:flex;">(155)</div><div id="a167284" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:240.5px;">Credit lines </div><div id="a167295" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:252.8px;">Committed unconditionally revocable<div style="display:inline-block;width:3.72px"> </div>credit lines </div><div id="a167298_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:252.8px;">2,636</div><div id="a167301_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.862px;top:252.8px;">16,811</div><div id="a167304_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:252.8px;">8,627</div><div id="a167307_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.968px;top:252.8px;">10,130</div><div id="a167310_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:478.755px;top:252.8px;">4,107</div><div id="a167313_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:547.875px;top:252.8px;">63</div><div id="a167316_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:252.8px;">42,373</div><div id="a167319_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:252.8px;display:flex;">(38)</div><div id="a167322" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:265.1px;">of which: stage 1 </div><div id="a167325_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:306.528px;top:265.1px;">2,636</div><div id="a167328_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.862px;top:265.1px;">16,467</div><div id="a167331_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:265.1px;">8,304</div><div id="a167334_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:265.1px;">8,724</div><div id="a167337_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:478.755px;top:265.1px;">3,671</div><div id="a167340_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:265.1px;">0</div><div id="a167343_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:591.382px;top:265.1px;">39,802</div><div id="a167346_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:265.1px;display:flex;">(28)</div><div id="a167349" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:278.4px;">of which: stage 2 </div><div id="a167352_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:278.4px;">0</div><div id="a167355_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:356.688px;top:278.4px;">344</div><div id="a167358_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.755px;top:278.4px;">323</div><div id="a167361_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:278.4px;">1,406</div><div id="a167364_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:278.4px;">436</div><div id="a167367_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:278.4px;">0</div><div id="a167370_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.102px;top:278.4px;">2,508</div><div id="a167373_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:278.4px;display:flex;">(10)</div><div id="a167376" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:291.1px;">of which: stage 3 </div><div id="a167379_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:291.1px;">0</div><div id="a167382_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:291.1px;">0</div><div id="a167385_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:291.1px;">0</div><div id="a167388_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:291.1px;">0</div><div id="a167391_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:495.822px;top:291.1px;">0</div><div id="a167394_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:547.875px;top:291.1px;">63</div><div id="a167397_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:291.1px;">63</div><div id="a167400_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.248px;top:291.1px;">0</div><div id="a167403" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:303.4px;">Irrevocable committed prolongation<div style="display:inline-block;width:3.85px"> </div>of existing loans </div><div id="a167406_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:318.822px;top:303.4px;">17</div><div id="a167409_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:349.595px;top:303.4px;">2,438</div><div id="a167412_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:303.4px;">1,422</div><div id="a167415_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.702px;top:303.4px;">1,084</div><div id="a167418_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.848px;top:303.4px;">602</div><div id="a167421_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:547.875px;top:303.4px;">48</div><div id="a167424_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:303.4px;">5,611</div><div id="a167427_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:303.4px;display:flex;">(3)</div><div id="a167430" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:315.7px;">of which: stage 1 </div><div id="a167433_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:318.822px;top:315.7px;">17</div><div id="a167436_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:349.595px;top:315.7px;">2,438</div><div id="a167439_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:315.7px;">1,422</div><div id="a167442_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:435.702px;top:315.7px;">1,082</div><div id="a167445_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:315.7px;">568</div><div id="a167448_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:315.7px;">0</div><div id="a167451_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.102px;top:315.7px;">5,527</div><div id="a167454_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.048px;top:315.7px;display:flex;">(3)</div><div id="a167457" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:329px;">of which: stage 2 </div><div id="a167460_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:329px;">0</div><div id="a167463_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:329px;">0</div><div id="a167466_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:329px;">0</div><div id="a167469_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:329px;">1</div><div id="a167472_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:491.062px;top:329px;">34</div><div id="a167475_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:552.595px;top:329px;">0</div><div id="a167478_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:329px;">36</div><div id="a167481_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.248px;top:329px;">0</div><div id="a167484" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:342.2px;">of which: stage 3 </div><div id="a167487_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:323.555px;top:342.2px;">0</div><div id="a167490_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:366.622px;top:342.2px;">0</div><div id="a167493_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:342.2px;">0</div><div id="a167496_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:452.755px;top:342.2px;">0</div><div id="a167499_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:495.822px;top:342.2px;">0</div><div id="a167502_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:547.875px;top:342.2px;">48</div><div id="a167505_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:342.2px;">48</div><div id="a167508_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.248px;top:342.2px;">0</div><div id="a167511" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:354.5px;">Total credit lines </div><div id="a167514_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.528px;top:354.5px;">2,653</div><div id="a167517_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.862px;top:354.5px;">19,249</div><div id="a167520_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.902px;top:354.5px;">10,049</div><div id="a167523_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.968px;top:354.5px;">11,214</div><div id="a167526_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:478.755px;top:354.5px;">4,709</div><div id="a167529_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:542.635px;top:354.5px;">111</div><div id="a167532_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:354.5px;">47,984</div><div id="a167535_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:354.5px;display:flex;">(41)</div><div id="a167538" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:368.1px;">1 Refer to the “Internal UBS rating<div style="display:inline-block;width:4.06px"> </div>scale and mapping of external<div style="display:inline-block;width:3.8px"> </div>ratings” table in the “Risk<div style="display:inline-block;width:3.66px"> </div>management and control”<div style="display:inline-block;width:3.64px"> </div>section of this report for more<div style="display:inline-block;width:3.45px"> </div>information on rating<div style="display:inline-block;width:3.54px"> </div>categories.</div></div> 4457000000 7064000000 4535000000 3757000000 1009000000 150000000 20972000000 41000000 4457000000 7037000000 4375000000 3075000000 752000000 0 19695000000 18000000 0 27000000 160000000 682000000 258000000 0 1127000000 8000000 0 0 0 0 0 150000000 150000000 15000000 2797000000 14183000000 7651000000 8298000000 6502000000 46000000 39478000000 114000000 2797000000 13917000000 7416000000 7127000000 5840000000 0 37097000000 72000000 0 266000000 235000000 1171000000 663000000 0 2335000000 42000000 0 0 0 0 0 46000000 46000000 0 0 0 55000000 1389000000 0 0 1444000000 0 7254000000 21247000000 12241000000 13444000000 7512000000 196000000 61894000000 155000000 2636000000 16811000000 8627000000 10130000000 4107000000 63000000 42373000000 38000000 2636000000 16467000000 8304000000 8724000000 3671000000 0 39802000000 28000000 0 344000000 323000000 1406000000 436000000 0 2508000000 10000000 0 0 0 0 0 63000000 63000000 0 17000000 2438000000 1422000000 1084000000 602000000 48000000 5611000000 3000000 17000000 2438000000 1422000000 1082000000 568000000 0 5527000000 3000000 0 0 0 1000000 34000000 0 36000000 0 0 0 0 0 0 48000000 48000000 0 2653000000 19249000000 10049000000 11214000000 4709000000 111000000 47984000000 41000000 <div id="TextBlockContainer1404" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:687px;height:356px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1402_XBRL_TS_0fa32a9d4076433fadf96a2e9f985779" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1403" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:687px;height:356px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a167875" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:23.2px;">USD m </div><div id="a167878" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:384.564px;top:23.2px;">100% Baseline </div><div id="a167880" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:496.737px;top:0px;">100% </div><div id="a167881" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:468.804px;top:11.4px;">Stagflationary </div><div id="a167882" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.457px;top:23.2px;">geopolitical crisis<div style="display:inline-block;width:2.91px"> </div></div><div id="a167884" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.364px;top:23.2px;">100% Global crisis<div style="display:inline-block;width:3.32px"> </div></div><div id="a167886" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:611.724px;top:23.2px;">Weighted average<div style="display:inline-block;width:3.33px"> </div></div><div id="a167888" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:35.5px;">Change in key parameters </div><div id="a167895" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:48.7px;">Fixed income: Government bonds<div style="display:inline-block;width:3.94px"> </div>(absolute change) </div><div id="a167903" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:61.5px;">–0.50% </div><div id="a167907_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:429.99px;top:61.5px;display:flex;">(3)</div><div id="a167910_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.044px;top:61.5px;display:flex;">(106)</div><div id="a167913_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:61.5px;display:flex;">(2)</div><div id="a167916_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:61.5px;display:flex;">(14)</div><div id="a167919" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:74.8px;">+0.50% </div><div id="a167922_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.204px;top:74.8px;">4</div><div id="a167925_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:504.777px;top:74.8px;">124</div><div id="a167928_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.71px;top:74.8px;">2</div><div id="a167931_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:74.8px;">17</div><div id="a167934" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:87.5px;">+1.00% </div><div id="a167937_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.204px;top:87.5px;">8</div><div id="a167940_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:504.777px;top:87.5px;">264</div><div id="a167943_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.99px;top:87.5px;">10</div><div id="a167946_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:87.5px;">37</div><div id="a167949" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:99.8px;">Unemployment rate (absolute change) </div><div id="a167956" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:113.1px;">–1.00% </div><div id="a167960_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:429.99px;top:113.1px;display:flex;">(4)</div><div id="a167963_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.044px;top:113.1px;display:flex;">(138)</div><div id="a167966_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.79px;top:113.1px;display:flex;">(24)</div><div id="a167969_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:113.1px;display:flex;">(23)</div><div id="a167972" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:126.3px;">–0.50% </div><div id="a167976_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:429.99px;top:126.3px;display:flex;">(2)</div><div id="a167979_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:504.777px;top:126.3px;display:flex;">(78)</div><div id="a167982_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.79px;top:126.3px;display:flex;">(13)</div><div id="a167985_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:126.3px;display:flex;">(12)</div><div id="a167988" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:139.1px;">+0.50% </div><div id="a167991_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.204px;top:139.1px;">3</div><div id="a167994_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.977px;top:139.1px;">84</div><div id="a167997_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.99px;top:139.1px;">16</div><div id="a168000_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:139.1px;">15</div><div id="a168003" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:152.3px;">+1.00% </div><div id="a168006_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.204px;top:152.3px;">5</div><div id="a168009_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:504.777px;top:152.3px;">179</div><div id="a168012_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.99px;top:152.3px;">32</div><div id="a168015_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:152.3px;">31</div><div id="a168018" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:164.6px;">Real GDP growth (relative change) </div><div id="a168025" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:177.4px;">–2.00% </div><div id="a168029_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.204px;top:177.4px;">7</div><div id="a168032_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.977px;top:177.4px;">13</div><div id="a168035_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.99px;top:177.4px;">18</div><div id="a168038_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:177.4px;">11</div><div id="a168041" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:190.6px;">–1.00% </div><div id="a168045_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.204px;top:190.6px;">3</div><div id="a168048_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:514.71px;top:190.6px;">7</div><div id="a168051_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.71px;top:190.6px;">9</div><div id="a168054_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:190.6px;">5</div><div id="a168057" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:203.4px;">+1.00% </div><div id="a168060_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:429.99px;top:203.4px;display:flex;">(3)</div><div id="a168063_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.51px;top:203.4px;display:flex;">(7)</div><div id="a168066_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:203.4px;display:flex;">(9)</div><div id="a168069_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.03px;top:203.4px;display:flex;">(5)</div><div id="a168072" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:216.7px;">+2.00% </div><div id="a168075_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:429.99px;top:216.7px;display:flex;">(5)</div><div id="a168078_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:504.777px;top:216.7px;display:flex;">(13)</div><div id="a168081_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.79px;top:216.7px;display:flex;">(18)</div><div id="a168084_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:216.7px;display:flex;">(10)</div><div id="a168087" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:229px;">House Price Index (relative change) </div><div id="a168094" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:242.2px;">–5.00% </div><div id="a168098_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.47px;top:242.2px;">15</div><div id="a168101_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:504.777px;top:242.2px;">196</div><div id="a168104_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.99px;top:242.2px;">88</div><div id="a168107_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:242.2px;">56</div><div id="a168110" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:255px;">–2.50% </div><div id="a168114_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.204px;top:255px;">7</div><div id="a168117_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.977px;top:255px;">92</div><div id="a168120_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.99px;top:255px;">40</div><div id="a168123_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:255px;">25</div><div id="a168126" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:268.2px;">+2.50% </div><div id="a168129_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:429.99px;top:268.2px;display:flex;">(4)</div><div id="a168132_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:504.777px;top:268.2px;display:flex;">(83)</div><div id="a168135_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.79px;top:268.2px;display:flex;">(35)</div><div id="a168138_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:268.2px;display:flex;">(19)</div><div id="a168141" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:281px;">+5.00% </div><div id="a168144_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:429.99px;top:281px;display:flex;">(7)</div><div id="a168147_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.044px;top:281px;display:flex;">(157)</div><div id="a168150_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.79px;top:281px;display:flex;">(65)</div><div id="a168153_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:281px;display:flex;">(36)</div><div id="a168156" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:293.3px;">Equity (S&amp;P500, EuroStoxx, SMI)<div style="display:inline-block;width:3.73px"> </div>(relative change) </div><div id="a168163" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:306.6px;">–10.00% </div><div id="a168167_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.204px;top:306.6px;">4</div><div id="a168170_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:514.71px;top:306.6px;">7</div><div id="a168173_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.71px;top:306.6px;">6</div><div id="a168176_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:306.6px;">5</div><div id="a168179" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:319.3px;">–5.00% </div><div id="a168183_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.204px;top:319.3px;">2</div><div id="a168186_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:514.71px;top:319.3px;">3</div><div id="a168189_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.71px;top:319.3px;">3</div><div id="a168192_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.23px;top:319.3px;">2</div><div id="a168195" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:332.6px;">+5.00% </div><div id="a168198_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:429.99px;top:332.6px;display:flex;">(2)</div><div id="a168201_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.51px;top:332.6px;display:flex;">(4)</div><div id="a168204_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:332.6px;display:flex;">(3)</div><div id="a168207_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.03px;top:332.6px;display:flex;">(2)</div><div id="a168210" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.166px;top:345.4px;">+10.00% </div><div id="a168213_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:429.99px;top:345.4px;display:flex;">(4)</div><div id="a168216_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.51px;top:345.4px;display:flex;">(8)</div><div id="a168219_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:345.4px;display:flex;">(7)</div><div id="a168222_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.03px;top:345.4px;display:flex;">(5)</div></div></div></div> -3000000 -106000000 -2000000 -14000000 4000000 124000000 2000000 17000000 8000000 264000000 10000000 37000000 -4000000 -138000000 -24000000 -23000000 -2000000 -78000000 -13000000 -12000000 3000000 84000000 16000000 15000000 5000000 179000000 32000000 31000000 7000000 13000000 18000000 11000000 3000000 7000000 9000000 5000000 -3000000 -7000000 -9000000 -5000000 -5000000 -13000000 -18000000 -10000000 15000000 196000000 88000000 56000000 7000000 92000000 40000000 25000000 -4000000 -83000000 -35000000 -19000000 -7000000 -157000000 -65000000 -36000000 4000000 7000000 6000000 5000000 2000000 3000000 3000000 2000000 -2000000 -4000000 -3000000 -2000000 -4000000 -8000000 -7000000 -5000000 <div id="TextBlockContainer1410" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:687px;height:221px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1408_XBRL_TS_06a55208d0ed4db3bc6459cacfe44fed" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1409" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:687px;height:221px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a168288" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.044px;top:23.2px;">Actual ECL </div><div id="a168289" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:226.99px;top:35px;">allowances and </div><div id="a168290" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.524px;top:46.9px;">provisions, </div><div id="a168291" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:220.844px;top:58.7px;">including staging </div><div id="a168292" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:228.417px;top:70px;">(as per Note 9) </div><div id="a168295" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:334.884px;top:58.7px;"><div style="display:inline-block;width:4.76px"> </div>Pro forma ECL allowances and provisions,<div style="display:inline-block;width:3.71px"> </div>including staging </div><div id="a168298" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.31px;top:70px;"><div style="display:inline-block;width:2.37px"> </div>and assuming application of 100% scenario weighting<div style="display:inline-block;width:6.68px"> </div></div><div id="a168302" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:626.377px;top:0px;">Pro forma ECL </div><div id="a168303" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:622.124px;top:11.8px;">allowances and </div><div id="a168304" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:639.617px;top:23.2px;">provisions, </div><div id="a168305" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.004px;top:35px;">assuming all </div><div id="a168306" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:623.07px;top:46.9px;">positions being </div><div id="a168307" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.604px;top:58.7px;">subject to lifetime </div><div id="a168308" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.71px;top:70px;">ECL<div style="display:inline-block;width:2.47px"> </div></div><div id="a168310" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:106px;">Scenarios </div><div id="a168313" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:216.59px;top:106px;">Weighted average </div><div id="a168316" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:306.497px;top:106px;">100% Baseline </div><div id="a168319" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:94.1px;">100% Asset price </div><div id="a168320" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:411.084px;top:106px;">inflation </div><div id="a168323" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:497.684px;top:82.3px;">100% </div><div id="a168324" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:470.23px;top:94.1px;">Stagflationary </div><div id="a168325" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:458.404px;top:106px;">geopolitical crisis<div style="display:inline-block;width:2.91px"> </div></div><div id="a168328" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.79px;top:106px;">100% Global crisis<div style="display:inline-block;width:2.84px"> </div></div><div id="a168331" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:611.724px;top:106px;">Weighted average </div><div id="a168333" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:118.8px;">USD m, except where indicated </div><div id="a168347" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:131.1px;">Segmentation </div><div id="a168361" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:143.8px;">Private clients with mortgages </div><div id="a168364_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.444px;top:143.8px;display:flex;">(136)</div><div id="a168368_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:347.684px;top:143.8px;display:flex;">(25)</div><div id="a168372_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.217px;top:143.8px;display:flex;">(13)</div><div id="a168376_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.524px;top:143.8px;display:flex;">(523)</div><div id="a168380_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:579.524px;top:143.8px;display:flex;">(184)</div><div id="a168384_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:658.564px;top:143.8px;display:flex;">(473)</div><div id="a168387" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:157.1px;">Real estate financing </div><div id="a168390_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:268.644px;top:157.1px;display:flex;">(43)</div><div id="a168394_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:347.684px;top:157.1px;display:flex;">(26)</div><div id="a168398_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.217px;top:157.1px;display:flex;">(22)</div><div id="a168402_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.524px;top:157.1px;display:flex;">(176)</div><div id="a168406_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.257px;top:157.1px;display:flex;">(30)</div><div id="a168410_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:658.564px;top:157.1px;display:flex;">(126)</div><div id="a168413" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:170.3px;">Large corporate clients </div><div id="a168416_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.444px;top:170.3px;display:flex;">(136)</div><div id="a168420_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:347.684px;top:170.3px;display:flex;">(97)</div><div id="a168424_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.217px;top:170.3px;display:flex;">(84)</div><div id="a168428_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.524px;top:170.3px;display:flex;">(199)</div><div id="a168432_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:579.524px;top:170.3px;display:flex;">(174)</div><div id="a168436_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:658.564px;top:170.3px;display:flex;">(235)</div><div id="a168439" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:183.5px;">SME clients </div><div id="a168442_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:268.644px;top:183.5px;display:flex;">(86)</div><div id="a168446_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:347.684px;top:183.5px;display:flex;">(67)</div><div id="a168450_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.217px;top:183.5px;display:flex;">(66)</div><div id="a168454_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.524px;top:183.5px;display:flex;">(162)</div><div id="a168458_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.257px;top:183.5px;display:flex;">(97)</div><div id="a168462_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:658.564px;top:183.5px;display:flex;">(153)</div><div id="a168465" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:197.3px;">Other segments </div><div id="a168468_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.444px;top:197.3px;display:flex;">(125)</div><div id="a168472_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.47px;top:197.3px;display:flex;">(114)</div><div id="a168476_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.484px;top:197.3px;display:flex;">(111)</div><div id="a168480_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.524px;top:197.3px;display:flex;">(145)</div><div id="a168484_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:579.524px;top:197.3px;display:flex;">(153)</div><div id="a168488_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:658.564px;top:197.3px;display:flex;">(281)</div><div id="a168491" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:210.5px;">Total </div><div id="a168494_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.444px;top:210.5px;display:flex;">(526)</div><div id="a168498_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.47px;top:210.5px;display:flex;">(329)</div><div id="a168502_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.484px;top:210.5px;display:flex;">(295)</div><div id="a168506_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:493.39px;top:210.5px;display:flex;">(1,204)</div><div id="a168510_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:579.524px;top:210.5px;display:flex;">(638)</div><div id="a168514_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:651.47px;top:210.5px;display:flex;">(1,267)</div></div></div></div> -136000000 -25000000 -13000000 -523000000 -184000000 -473000000 -43000000 -26000000 -22000000 -176000000 -30000000 -126000000 -136000000 -97000000 -84000000 -199000000 -174000000 -235000000 -86000000 -67000000 -66000000 -162000000 -97000000 -153000000 -125000000 -114000000 -111000000 -145000000 -153000000 -281000000 -526000000 -329000000 -295000000 -1204000000 -638000000 -1267000000 -329000000 -387000000 -526000000 -503000000 1.60 1.30 -1267000000 -526000000 <div id="TextBlockContainer1416" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:221px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a168716" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 20<div style="display:inline-block;width:8.21px"> </div>Fair value measurement</div></div><div id="TextBlockContainer1418" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:465px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a168722" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">a) Valuation principles </div><div id="a168724" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.3px;">All financial and<div style="display:inline-block;width:5.5px"> </div>non-financial assets<div style="display:inline-block;width:5.08px"> </div>and liabilities measured<div style="display:inline-block;width:5.67px"> </div>or disclosed<div style="display:inline-block;width:5.33px"> </div>at fair value<div style="display:inline-block;width:5.21px"> </div>are categorized<div style="display:inline-block;width:5.18px"> </div>into one of<div style="display:inline-block;width:5.54px"> </div>three </div><div id="a168728" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.4px;">fair value hierarchy<div style="display:inline-block;width:5.67px"> </div>levels in<div style="display:inline-block;width:5.04px"> </div>accordance with<div style="display:inline-block;width:5.44px"> </div>International F<div style="display:inline-block;width:1.34px"> </div>inancial Reporting<div style="display:inline-block;width:5.38px"> </div>Standards (IFRS).<div style="display:inline-block;width:5.67px"> </div>The fair value<div style="display:inline-block;width:5.1px"> </div>hierarchy </div><div id="a168737" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:57.6px;">is based<div style="display:inline-block;width:6.18px"> </div>on<div style="display:inline-block;width:5.13px"> </div>the transparency<div style="display:inline-block;width:6.33px"> </div>of inputs<div style="display:inline-block;width:6.23px"> </div>to the<div style="display:inline-block;width:6.35px"> </div>valuation<div style="display:inline-block;width:5.24px"> </div>of an<div style="display:inline-block;width:6.03px"> </div>asset or<div style="display:inline-block;width:6.25px"> </div>liability<div style="display:inline-block;width:5.25px"> </div>as of<div style="display:inline-block;width:6.35px"> </div>the measurement<div style="display:inline-block;width:6.38px"> </div>date.<div style="display:inline-block;width:5.36px"> </div>In certain </div><div id="a168739" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:73.2px;">cases,<div style="display:inline-block;width:5.2px"> </div>the<div style="display:inline-block;width:5.25px"> </div>inputs<div style="display:inline-block;width:5.6px"> </div>used<div style="display:inline-block;width:5.18px"> </div>to<div style="display:inline-block;width:5.25px"> </div>measure<div style="display:inline-block;width:5.39px"> </div>fair value<div style="display:inline-block;width:6.21px"> </div>may<div style="display:inline-block;width:5.32px"> </div>fall<div style="display:inline-block;width:5.31px"> </div>within<div style="display:inline-block;width:5.35px"> </div>different<div style="display:inline-block;width:5.84px"> </div>levels<div style="display:inline-block;width:5.31px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>fair value<div style="display:inline-block;width:6.68px"> </div>hierarchy.<div style="display:inline-block;width:6.82px"> </div>For<div style="display:inline-block;width:5.05px"> </div>disclosure </div><div id="a168740" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:88.3px;">purposes,<div style="display:inline-block;width:5.59px"> </div>the level<div style="display:inline-block;width:5.42px"> </div>in the<div style="display:inline-block;width:5.93px"> </div>hierarchy<div style="display:inline-block;width:5.03px"> </div>within<div style="display:inline-block;width:5.35px"> </div>which an<div style="display:inline-block;width:6.18px"> </div>instrument is<div style="display:inline-block;width:6.14px"> </div>classified in<div style="display:inline-block;width:5.98px"> </div>its entirety<div style="display:inline-block;width:6.48px"> </div>is based<div style="display:inline-block;width:6.18px"> </div>on<div style="display:inline-block;width:5.13px"> </div>the lowest<div style="display:inline-block;width:5.93px"> </div>level </div><div id="a168742" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:103.9px;">input that is significant to the position’s<div style="display:inline-block;width:5.18px"> </div>fair value measurement: </div><div id="a168744" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:119.1px;">–</div><div id="a168745" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:118.9px;"> </div><div id="a168746" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:119.1px;">Level 1 – quoted prices (unadjusted)<div style="display:inline-block;width:5.49px"> </div>in active markets for identical assets and liabilities; </div><div id="a168753" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:134.2px;">–</div><div id="a168754" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:134.1px;"> </div><div id="a168755" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:134.2px;">Level 2 – valuation techniques for which<div style="display:inline-block;width:5.14px"> </div>all significant inputs are, or<div style="display:inline-block;width:5.13px"> </div>are based on, observable market data; or </div><div id="a168763" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:149.8px;">–</div><div id="a168764" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:149.7px;"> </div><div id="a168765" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:149.8px;">Level 3 – valuation techniques for which<div style="display:inline-block;width:5.14px"> </div>significant inputs are not<div style="display:inline-block;width:5.14px"> </div>based on observable market data. </div><div id="a168772" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:172.5px;">Fair values are determined<div style="display:inline-block;width:5.13px"> </div>using quoted prices in active<div style="display:inline-block;width:5.11px"> </div>markets for identical assets<div style="display:inline-block;width:5.2px"> </div>or liabilities, where available.<div style="display:inline-block;width:5.68px"> </div>Where </div><div id="a168774" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:187.7px;">the<div style="display:inline-block;width:5.72px"> </div>market<div style="display:inline-block;width:5.21px"> </div>for<div style="display:inline-block;width:6.04px"> </div>a<div style="display:inline-block;width:5.67px"> </div>financial<div style="display:inline-block;width:5.41px"> </div>instrument<div style="display:inline-block;width:6.09px"> </div>or<div style="display:inline-block;width:5.72px"> </div>non-financial<div style="display:inline-block;width:6.02px"> </div>asset<div style="display:inline-block;width:5.62px"> </div>or<div style="display:inline-block;width:5.72px"> </div>liability<div style="display:inline-block;width:5.95px"> </div>is<div style="display:inline-block;width:5.62px"> </div>not<div style="display:inline-block;width:5.93px"> </div>active,<div style="display:inline-block;width:5.59px"> </div>fair<div style="display:inline-block;width:5.26px"> </div>value<div style="display:inline-block;width:5.57px"> </div>is<div style="display:inline-block;width:5.62px"> </div>established<div style="display:inline-block;width:6.02px"> </div>using<div style="display:inline-block;width:6.23px"> </div>a </div><div id="a168777" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:203.3px;">valuation<div style="display:inline-block;width:6.19px"> </div>technique,<div style="display:inline-block;width:6.6px"> </div>including<div style="display:inline-block;width:6.64px"> </div>pricing<div style="display:inline-block;width:6.19px"> </div>models.<div style="display:inline-block;width:6.45px"> </div>Valuation<div style="display:inline-block;width:6.6px"> </div>adjustments<div style="display:inline-block;width:6.29px"> </div>may<div style="display:inline-block;width:5.79px"> </div>be<div style="display:inline-block;width:6.35px"> </div>made<div style="display:inline-block;width:6.67px"> </div>to<div style="display:inline-block;width:6.2px"> </div>allow<div style="display:inline-block;width:6.25px"> </div>for<div style="display:inline-block;width:6.04px"> </div>additional<div style="display:inline-block;width:6.49px"> </div>factors, </div><div id="a168779" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:218.4px;">including model, liquidity, credit<div style="display:inline-block;width:5.35px"> </div>and funding<div style="display:inline-block;width:5.05px"> </div>risks, which are not explicitly<div style="display:inline-block;width:5.6px"> </div>captured within the valuation<div style="display:inline-block;width:5.14px"> </div>technique, but </div><div id="a168780" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:234px;">which would<div style="display:inline-block;width:5.64px"> </div>nevertheless be considered<div style="display:inline-block;width:6.14px"> </div>by market participants<div style="display:inline-block;width:5.21px"> </div>when establishing<div style="display:inline-block;width:5.78px"> </div>a price. The<div style="display:inline-block;width:5.46px"> </div>limitations inherent<div style="display:inline-block;width:5.79px"> </div>in a </div><div id="a168781" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:249.2px;">particular valuation<div style="display:inline-block;width:5.39px"> </div>technique are<div style="display:inline-block;width:5.27px"> </div>considered in<div style="display:inline-block;width:5.57px"> </div>the determination of<div style="display:inline-block;width:5.5px"> </div>the classification<div style="display:inline-block;width:5.2px"> </div>of an asset<div style="display:inline-block;width:5.13px"> </div>or liability within<div style="display:inline-block;width:5.4px"> </div>the </div><div id="a168783" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:264.3px;">fair value hierarchy. Generally, the unit of account for a financial instrument is the individual instrument, and<div style="display:inline-block;width:5.06px"> </div>UBS applies </div><div id="a168785" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:279.9px;">valuation<div style="display:inline-block;width:7.14px"> </div>adjustments<div style="display:inline-block;width:7.3px"> </div>at<div style="display:inline-block;width:6.94px"> </div>an<div style="display:inline-block;width:7.3px"> </div>individual<div style="display:inline-block;width:7.28px"> </div>instrument<div style="display:inline-block;width:7.03px"> </div>level,<div style="display:inline-block;width:7.26px"> </div>consistent<div style="display:inline-block;width:7.19px"> </div>with<div style="display:inline-block;width:7.14px"> </div>that<div style="display:inline-block;width:6.99px"> </div>unit<div style="display:inline-block;width:7.24px"> </div>of<div style="display:inline-block;width:7.14px"> </div>account.<div style="display:inline-block;width:7.25px"> </div>However,<div style="display:inline-block;width:7.57px"> </div>if<div style="display:inline-block;width:6.84px"> </div>certain </div><div id="a168787" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:295.1px;">conditions<div style="display:inline-block;width:5.7px"> </div>are<div style="display:inline-block;width:5.29px"> </div>met, UBS<div style="display:inline-block;width:6.88px"> </div>may estimate<div style="display:inline-block;width:6.8px"> </div>the<div style="display:inline-block;width:5.25px"> </div>fair<div style="display:inline-block;width:5.26px"> </div>value<div style="display:inline-block;width:5.1px"> </div>of<div style="display:inline-block;width:5.25px"> </div>a<div style="display:inline-block;width:5.2px"> </div>portfolio<div style="display:inline-block;width:5.82px"> </div>of<div style="display:inline-block;width:5.25px"> </div>financial assets<div style="display:inline-block;width:6.93px"> </div>and<div style="display:inline-block;width:5.61px"> </div>liabilities<div style="display:inline-block;width:5.15px"> </div>with<div style="display:inline-block;width:5.25px"> </div>substantially </div><div id="a168788" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:310.7px;">similar and offsetting risk exposures<div style="display:inline-block;width:5.19px"> </div>on the basis of the net<div style="display:inline-block;width:5.1px"> </div>open risks. </div><div id="a168791" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:322.4px;">›</div><div id="a168792" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:322.6px;"> </div><div id="a168793" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:327.2px;">Refer to Note 20d<div style="display:inline-block;width:1.58px"> </div>for more information<div style="display:inline-block;width:0.71px"> </div></div><div id="a168800" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:340.5px;"> </div><div id="a168801" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:363.4px;">b) Valuation governance </div><div id="a168804" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:390.6px;">UBS’s<div style="display:inline-block;width:6.66px"> </div>fair<div style="display:inline-block;width:5.74px"> </div>value<div style="display:inline-block;width:6.04px"> </div>measurement<div style="display:inline-block;width:6.23px"> </div>and<div style="display:inline-block;width:6.55px"> </div>model<div style="display:inline-block;width:6.29px"> </div>governance<div style="display:inline-block;width:5.69px"> </div>framework<div style="display:inline-block;width:6.31px"> </div>includes<div style="display:inline-block;width:6.39px"> </div>numerous<div style="display:inline-block;width:6.94px"> </div>controls<div style="display:inline-block;width:6.43px"> </div>and<div style="display:inline-block;width:5.61px"> </div>other<div style="display:inline-block;width:6.25px"> </div>procedural </div><div id="a168805" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:405.8px;">safeguards<div style="display:inline-block;width:5.37px"> </div>that are<div style="display:inline-block;width:5.76px"> </div>intended<div style="display:inline-block;width:5.28px"> </div>to maximize the<div style="display:inline-block;width:6.17px"> </div>quality of<div style="display:inline-block;width:5.67px"> </div>fair value<div style="display:inline-block;width:5.74px"> </div>measurements<div style="display:inline-block;width:5.33px"> </div>reported<div style="display:inline-block;width:5.59px"> </div>in the<div style="display:inline-block;width:5.93px"> </div>financial statements. </div><div id="a168807" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:421.4px;">New products<div style="display:inline-block;width:5.68px"> </div>and valuation techniques<div style="display:inline-block;width:5.78px"> </div>must be reviewed<div style="display:inline-block;width:5.64px"> </div>and approved<div style="display:inline-block;width:5.46px"> </div>by key stakeholders<div style="display:inline-block;width:5.97px"> </div>from the risk<div style="display:inline-block;width:5.23px"> </div>and finance </div><div id="a168808" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:436.5px;">control functions. Responsibility<div style="display:inline-block;width:5.38px"> </div>for the ongoing<div style="display:inline-block;width:5.52px"> </div>measurement of f<div style="display:inline-block;width:1.35px"> </div>inancial and non<div style="display:inline-block;width:1.65px"> </div>-financial instruments at fair value<div style="display:inline-block;width:5.46px"> </div>is </div><div id="a168812" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:452.1px;">with the business divisions.</div></div><div id="TextBlockContainer1420" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:285px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a168855" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Fair<div style="display:inline-block;width:5.69px"> </div>value<div style="display:inline-block;width:5.57px"> </div>estimates<div style="display:inline-block;width:6.15px"> </div>are<div style="display:inline-block;width:6.32px"> </div>validated<div style="display:inline-block;width:5.99px"> </div>by<div style="display:inline-block;width:5.67px"> </div>the<div style="display:inline-block;width:5.72px"> </div>risk<div style="display:inline-block;width:5.94px"> </div>and<div style="display:inline-block;width:6.08px"> </div>finance<div style="display:inline-block;width:6.09px"> </div>control<div style="display:inline-block;width:5.91px"> </div>functions,<div style="display:inline-block;width:6.02px"> </div>which<div style="display:inline-block;width:6.35px"> </div>are<div style="display:inline-block;width:5.76px"> </div>independent<div style="display:inline-block;width:6.63px"> </div>of<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>business </div><div id="a168858" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">divisions. Independent price verification is performed<div style="display:inline-block;width:5.41px"> </div>by Finance through benchmarking<div style="display:inline-block;width:5.33px"> </div>the business divisions’ fair value </div><div id="a168859" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">estimates<div style="display:inline-block;width:6.15px"> </div>with<div style="display:inline-block;width:6.67px"> </div>observable<div style="display:inline-block;width:6.82px"> </div>market<div style="display:inline-block;width:6.16px"> </div>prices<div style="display:inline-block;width:6.88px"> </div>and<div style="display:inline-block;width:6.71px"> </div>other<div style="display:inline-block;width:6.25px"> </div>independent<div style="display:inline-block;width:7.1px"> </div>sources.<div style="display:inline-block;width:6.73px"> </div>A<div style="display:inline-block;width:6.3px"> </div>governance<div style="display:inline-block;width:6.63px"> </div>framework<div style="display:inline-block;width:6.31px"> </div>and<div style="display:inline-block;width:6.55px"> </div>associated </div><div id="a168862" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.9px;">controls are<div style="display:inline-block;width:6.15px"> </div>in place<div style="display:inline-block;width:6.25px"> </div>in order<div style="display:inline-block;width:6.21px"> </div>to monitor<div style="display:inline-block;width:6.34px"> </div>the quality<div style="display:inline-block;width:6.14px"> </div>of third<div style="display:inline-block;width:1.56px"> </div>-party pricing<div style="display:inline-block;width:6.78px"> </div>sources<div style="display:inline-block;width:5.12px"> </div>where<div style="display:inline-block;width:5.12px"> </div>used.<div style="display:inline-block;width:5.37px"> </div>For instruments<div style="display:inline-block;width:5.61px"> </div>where </div><div id="a168866" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">valuation models are used<div style="display:inline-block;width:5.35px"> </div>to determine fair value,<div style="display:inline-block;width:5.47px"> </div>independent valuation<div style="display:inline-block;width:5.14px"> </div>and model control groups<div style="display:inline-block;width:5.82px"> </div>within Finance and </div><div id="a168868" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;">Risk Control evaluate UBS’s models on<div style="display:inline-block;width:2.11px"> </div>a regular basis, including<div style="display:inline-block;width:2.29px"> </div>valuation and model input parameters,<div style="display:inline-block;width:2.05px"> </div>as well as pricing. </div><div id="a168869" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:91.8px;">As a<div style="display:inline-block;width:5.04px"> </div>result of the<div style="display:inline-block;width:5.59px"> </div>valuation controls<div style="display:inline-block;width:5.16px"> </div>employed, valuation<div style="display:inline-block;width:5.13px"> </div>adjustments may be<div style="display:inline-block;width:5.4px"> </div>made to the<div style="display:inline-block;width:5.87px"> </div>business divisions’<div style="display:inline-block;width:5.3px"> </div>estimates </div><div id="a168871" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:107.4px;">of fair value to align with independent<div style="display:inline-block;width:5.66px"> </div>market data and the relevant accounting standard. </div><div id="a168873" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:119.1px;">›</div><div id="a168874" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:119.3px;"> </div><div id="a168875" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:124px;">Refer to Note 20d<div style="display:inline-block;width:1.58px"> </div>for more information<div style="display:inline-block;width:0.71px"> </div></div><div id="a168882" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:137.2px;"> </div><div id="a168883" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:4.905px;top:160.1px;">c) Fair value hierarchy </div><div id="a168886" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:187.4px;">The table<div style="display:inline-block;width:2.14px"> </div>below provides the<div style="display:inline-block;width:2.04px"> </div>fair value hierarchy classification<div style="display:inline-block;width:2.31px"> </div>of financial<div style="display:inline-block;width:2.25px"> </div>and non-financial assets and<div style="display:inline-block;width:2.06px"> </div>liabilities measured </div><div id="a168889" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:202.5px;">at<div style="display:inline-block;width:5.05px"> </div>fair<div style="display:inline-block;width:5.26px"> </div>value.<div style="display:inline-block;width:5.2px"> </div>The<div style="display:inline-block;width:5.4px"> </div>narrative<div style="display:inline-block;width:5.11px"> </div>that<div style="display:inline-block;width:5.7px"> </div>follows<div style="display:inline-block;width:5.43px"> </div>describes<div style="display:inline-block;width:5.24px"> </div>valuation<div style="display:inline-block;width:5.72px"> </div>techniques<div style="display:inline-block;width:5.6px"> </div>used<div style="display:inline-block;width:5.66px"> </div>in<div style="display:inline-block;width:5.3px"> </div>measuring<div style="display:inline-block;width:5.45px"> </div>their fair<div style="display:inline-block;width:6.58px"> </div>value<div style="display:inline-block;width:5.1px"> </div>of<div style="display:inline-block;width:5.25px"> </div>different </div><div id="a168893" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:218.1px;">product types<div style="display:inline-block;width:5.3px"> </div>(including<div style="display:inline-block;width:5.33px"> </div>significant valuation<div style="display:inline-block;width:5.66px"> </div>inputs and<div style="display:inline-block;width:5.64px"> </div>assumptions used),<div style="display:inline-block;width:6.04px"> </div>and the factors<div style="display:inline-block;width:5.45px"> </div>considered in<div style="display:inline-block;width:5.57px"> </div>determining </div><div id="a168896" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:233.2px;">their classification within the fair<div style="display:inline-block;width:5.04px"> </div>value hierarchy. </div><div id="a168898" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:256.4px;">During 2022, assets and liabilities that were transferred from Level 2 to Level 1, or from Level 1 to Level 2, and were held </div><div id="a168901" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:271.6px;">for the entire reporting period were<div style="display:inline-block;width:5.3px"> </div>not material.</div></div><div id="TextBlockContainer1423" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:625px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a168904" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:2.8px;">Determination of fair values<div style="display:inline-block;width:4.29px"> </div>from quoted market prices or valuation techniques</div><div id="a168905" style="position:absolute;font-family:'Frutiger';font-size:6.148px;font-weight:bold;font-style:normal;left:379.382px;top:3.5px;">1</div><div id="a168909" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:398.342px;top:17.7px;">31.12.22 </div><div id="a168912" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.395px;top:17.7px;">31.12.21 </div><div id="a168914" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:32.3px;">USD m </div><div id="a168917" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:338.715px;top:32.3px;">Level 1 </div><div id="a168919" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:386.955px;top:32.3px;">Level 2 </div><div id="a168921" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.755px;top:32.3px;">Level 3 </div><div id="a168923" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:490.582px;top:32.3px;">Total </div><div id="a168926" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:529.862px;top:32.3px;">Level 1 </div><div id="a168928" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.568px;top:32.3px;">Level 2 </div><div id="a168930" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:611.742px;top:32.3px;">Level 3 </div><div id="a168932" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:32.3px;">Total </div><div id="a168945" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:57.4px;">Financial assets measured at<div style="display:inline-block;width:3.79px"> </div>fair value on a recurring basis </div><div id="a168958" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:82px;">Financial assets at fair value held for trading </div><div id="a168961_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.768px;top:82px;">96,263</div><div id="a168964_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:386.008px;top:82px;">10,284</div><div id="a168967_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.528px;top:82px;">1,488</div><div id="a168970_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:477.342px;top:82px;">108,034</div><div id="a168974_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:524.195px;top:82px;">113,722</div><div id="a168977_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:569.622px;top:82px;">15,012</div><div id="a168980_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.528px;top:82px;">2,299</div><div id="a168983_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:82px;">131,033</div><div id="a168986" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:95.2px;">of which: Equity instruments </div><div id="a168990_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:337.768px;top:95.2px;">83,095</div><div id="a168993_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:397.862px;top:95.2px;">789</div><div id="a168996_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:95.2px;">126</div><div id="a168999_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:95.2px;">84,010</div><div id="a169003_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.915px;top:95.2px;">97,983</div><div id="a169006_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:95.2px;">1,090</div><div id="a169009_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:95.2px;">149</div><div id="a169012_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:95.2px;">99,222</div><div id="a169015" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:108px;">of which: Government bills / bonds </div><div id="a169018_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:342.502px;top:108px;">5,496</div><div id="a169021_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:397.862px;top:108px;">950</div><div id="a169024_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:450.862px;top:108px;">18</div><div id="a169027_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:108px;">6,464</div><div id="a169031_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.648px;top:108px;">7,135</div><div id="a169034_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:108px;">1,351</div><div id="a169037_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:627.822px;top:108px;">10</div><div id="a169040_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:108px;">8,496</div><div id="a169043" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:121.3px;">of which: Investment fund units </div><div id="a169046_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:342.502px;top:121.3px;">6,673</div><div id="a169049_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:397.862px;top:121.3px;">596</div><div id="a169052_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:450.862px;top:121.3px;">61</div><div id="a169055_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:121.3px;">7,330</div><div id="a169059_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.648px;top:121.3px;">7,843</div><div id="a169062_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:121.3px;">1,364</div><div id="a169065_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:627.822px;top:121.3px;">21</div><div id="a169068_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:121.3px;">9,229</div><div id="a169071" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:134.1px;">of which: Corporate and municipal bonds </div><div id="a169075_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:349.595px;top:134.1px;">976</div><div id="a169078_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:390.768px;top:134.1px;">6,509</div><div id="a169081_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:134.1px;">541</div><div id="a169084_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:134.1px;">8,026</div><div id="a169088_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:540.742px;top:134.1px;">708</div><div id="a169091_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:134.1px;">7,791</div><div id="a169094_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:134.1px;">556</div><div id="a169097_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:134.1px;">9,055</div><div id="a169100" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:147.3px;">of which: Loans </div><div id="a169103_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:147.3px;">0</div><div id="a169106_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:390.768px;top:147.3px;">1,179</div><div id="a169109_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:147.3px;">628</div><div id="a169112_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:147.3px;">1,807</div><div id="a169116_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:147.3px;">0</div><div id="a169119_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:147.3px;">3,099</div><div id="a169122_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:615.528px;top:147.3px;">1,443</div><div id="a169125_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:147.3px;">4,542</div><div id="a169128" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:160.5px;">of which: Asset-backed securities </div><div id="a169133_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:354.795px;top:160.5px;">22</div><div id="a169136_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:397.862px;top:160.5px;">261</div><div id="a169139_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:160.5px;">114</div><div id="a169142_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:493.888px;top:160.5px;">397</div><div id="a169146_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:545.942px;top:160.5px;">53</div><div id="a169149_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:581.448px;top:160.5px;">317</div><div id="a169152_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:160.5px;">120</div><div id="a169155_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.795px;top:160.5px;">489</div><div id="a169169" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:185.1px;">Derivative financial instruments </div><div id="a169173_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:349.595px;top:185.1px;">769</div><div id="a169176_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:381.275px;top:185.1px;">147,876</div><div id="a169179_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.528px;top:185.1px;">1,464</div><div id="a169182_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:477.342px;top:185.1px;">150,109</div><div id="a169186_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:540.742px;top:185.1px;">522</div><div id="a169189_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.888px;top:185.1px;">116,482</div><div id="a169192_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.528px;top:185.1px;">1,140</div><div id="a169195_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:185.1px;">118,145</div><div id="a169198" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:197.9px;">of which: Foreign exchange </div><div id="a169201_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:349.595px;top:197.9px;">575</div><div id="a169204_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:386.008px;top:197.9px;">84,882</div><div id="a169207_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:455.595px;top:197.9px;">2</div><div id="a169210_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:197.9px;">85,459</div><div id="a169214_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:540.742px;top:197.9px;">255</div><div id="a169217_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:569.622px;top:197.9px;">53,046</div><div id="a169220_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:632.555px;top:197.9px;">7</div><div id="a169223_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:197.9px;">53,307</div><div id="a169226" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:211.2px;">of which: Interest rate </div><div id="a169229_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:211.2px;">0</div><div id="a169232_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:386.008px;top:211.2px;">39,345</div><div id="a169235_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:211.2px;">460</div><div id="a169238_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:211.2px;">39,805</div><div id="a169242_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:211.2px;">0</div><div id="a169245_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:569.622px;top:211.2px;">32,747</div><div id="a169248_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:211.2px;">494</div><div id="a169251_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:211.2px;">33,241</div><div id="a169254" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:223.9px;">of which: Equity / index </div><div id="a169258_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:223.9px;">1</div><div id="a169261_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:386.008px;top:223.9px;">21,542</div><div id="a169264_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:223.9px;">653</div><div id="a169267_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:223.9px;">22,195</div><div id="a169271_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:223.9px;">0</div><div id="a169274_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:569.622px;top:223.9px;">27,861</div><div id="a169277_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:223.9px;">384</div><div id="a169280_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:223.9px;">28,245</div><div id="a169283" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:237.2px;">of which: Credit </div><div id="a169286_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:237.2px;">0</div><div id="a169289_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:397.862px;top:237.2px;">719</div><div id="a169292_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:237.2px;">318</div><div id="a169295_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:237.2px;">1,038</div><div id="a169299_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:237.2px;">0</div><div id="a169302_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:237.2px;">1,179</div><div id="a169305_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:237.2px;">236</div><div id="a169308_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:237.2px;">1,414</div><div id="a169311" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:249.9px;">of which: Commodities </div><div id="a169314_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:249.9px;">0</div><div id="a169317_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:390.768px;top:249.9px;">1,334</div><div id="a169320_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:450.862px;top:249.9px;">30</div><div id="a169323_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:249.9px;">1,365</div><div id="a169327_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:249.9px;">0</div><div id="a169330_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:249.9px;">1,590</div><div id="a169333_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:627.822px;top:249.9px;">16</div><div id="a169336_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:249.9px;">1,606</div><div id="a169350" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:275px;">Brokerage receivables </div><div id="a169353_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:359.528px;top:275px;">0</div><div id="a169356_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:386.008px;top:275px;">17,576</div><div id="a169359_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:455.595px;top:275px;">0</div><div id="a169362_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:482.075px;top:275px;">17,576</div><div id="a169366_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.702px;top:275px;">0</div><div id="a169369_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:569.622px;top:275px;">21,839</div><div id="a169372_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:632.555px;top:275px;">0</div><div id="a169375_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:275px;">21,839</div><div id="a169389" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:299.2px;">Financial assets at fair value not held for trading </div><div id="a169392_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.768px;top:299.2px;">26,572</div><div id="a169395_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:386.008px;top:299.2px;">29,110</div><div id="a169398_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.528px;top:299.2px;">3,725</div><div id="a169401_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:482.075px;top:299.2px;">59,408</div><div id="a169405_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:528.915px;top:299.2px;">27,278</div><div id="a169408_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:569.622px;top:299.2px;">28,185</div><div id="a169411_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.528px;top:299.2px;">4,180</div><div id="a169414_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:299.2px;">59,642</div><div id="a169417" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:311.9px;">of which: Financial assets for unit-linked investment<div style="display:inline-block;width:3.84px"> </div>contracts </div><div id="a169422_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:337.768px;top:311.9px;">13,071</div><div id="a169425_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:407.795px;top:311.9px;">1</div><div id="a169428_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:455.595px;top:311.9px;">0</div><div id="a169431_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:311.9px;">13,072</div><div id="a169435_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.915px;top:311.9px;">21,110</div><div id="a169438_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:581.448px;top:311.9px;">187</div><div id="a169441_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:632.555px;top:311.9px;">6</div><div id="a169444_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:311.9px;">21,303</div><div id="a169447" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:325.2px;">of which: Corporate and municipal bonds </div><div id="a169450_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:354.795px;top:325.2px;">35</div><div id="a169453_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:386.008px;top:325.2px;">14,101</div><div id="a169456_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:325.2px;">230</div><div id="a169459_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:325.2px;">14,366</div><div id="a169463_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:540.742px;top:325.2px;">123</div><div id="a169466_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:569.622px;top:325.2px;">13,937</div><div id="a169469_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:325.2px;">306</div><div id="a169472_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:325.2px;">14,366</div><div id="a169475" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:337.9px;">of which: Government bills / bonds </div><div id="a169478_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:337.768px;top:337.9px;">13,103</div><div id="a169481_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:390.768px;top:337.9px;">3,638</div><div id="a169484_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:455.595px;top:337.9px;">0</div><div id="a169487_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:337.9px;">16,741</div><div id="a169491_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.648px;top:337.9px;">5,624</div><div id="a169494_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:337.9px;">3,236</div><div id="a169497_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:632.555px;top:337.9px;">0</div><div id="a169500_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:337.9px;">8,860</div><div id="a169503" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:351.2px;">of which: Loans </div><div id="a169506_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:351.2px;">0</div><div id="a169509_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:390.768px;top:351.2px;">3,602</div><div id="a169512_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:351.2px;">736</div><div id="a169515_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:351.2px;">4,337</div><div id="a169519_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:351.2px;">0</div><div id="a169522_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:351.2px;">4,982</div><div id="a169525_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:351.2px;">892</div><div id="a169528_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:351.2px;">5,874</div><div id="a169531" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:364px;">of which: Securities financing transactions </div><div id="a169534_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:364px;">0</div><div id="a169537_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:390.768px;top:364px;">7,590</div><div id="a169540_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:364px;">114</div><div id="a169543_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:364px;">7,704</div><div id="a169547_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:364px;">0</div><div id="a169550_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:364px;">5,704</div><div id="a169553_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:364px;">100</div><div id="a169556_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:364px;">5,804</div><div id="a169559" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:377.2px;">of which: Auction rate securities </div><div id="a169562_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:377.2px;">0</div><div id="a169565_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:407.795px;top:377.2px;">0</div><div id="a169568_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:438.528px;top:377.2px;">1,326</div><div id="a169571_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:377.2px;">1,326</div><div id="a169575_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:377.2px;">0</div><div id="a169578_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:591.382px;top:377.2px;">0</div><div id="a169581_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:615.528px;top:377.2px;">1,585</div><div id="a169584_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:377.2px;">1,585</div><div id="a169587" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:390px;">of which: Investment fund units </div><div id="a169590_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:349.595px;top:390px;">307</div><div id="a169593_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:397.862px;top:390px;">178</div><div id="a169596_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:390px;">190</div><div id="a169599_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:493.888px;top:390px;">675</div><div id="a169603_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:540.742px;top:390px;">338</div><div id="a169606_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:581.448px;top:390px;">137</div><div id="a169609_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:390px;">117</div><div id="a169612_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.795px;top:390px;">591</div><div id="a169615" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:403.2px;">of which: Equity instruments </div><div id="a169618_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:354.795px;top:403.2px;">57</div><div id="a169621_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:407.795px;top:403.2px;">0</div><div id="a169624_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:403.2px;">792</div><div id="a169627_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:493.888px;top:403.2px;">849</div><div id="a169631_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:545.942px;top:403.2px;">83</div><div id="a169634_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:591.382px;top:403.2px;">2</div><div id="a169637_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:403.2px;">681</div><div id="a169640_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.795px;top:403.2px;">765</div><div id="a169654" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:427.9px;">Financial assets measured at<div style="display:inline-block;width:3.79px"> </div>fair value through other comprehensive<div style="display:inline-block;width:3.79px"> </div>income on a recurring basis </div><div id="a169667" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:452.4px;">Financial assets measured at fair value through<div style="display:inline-block;width:4.15px"> </div>other comprehensive income </div><div id="a169671_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:354.795px;top:452.4px;">57</div><div id="a169674_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:390.768px;top:452.4px;">2,182</div><div id="a169677_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:455.595px;top:452.4px;">0</div><div id="a169680_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:486.795px;top:452.4px;">2,239</div><div id="a169684_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.648px;top:452.4px;">2,704</div><div id="a169687_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:574.355px;top:452.4px;">6,140</div><div id="a169690_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:632.555px;top:452.4px;">0</div><div id="a169693_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:452.4px;">8,844</div><div id="a169696" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:465.7px;">of which: Asset-backed securities</div><div id="a169699" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:132.875px;top:466.3px;">2</div><div id="a169702_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:465.7px;">0</div><div id="a169705_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:407.795px;top:465.7px;">0</div><div id="a169708_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:455.595px;top:465.7px;">0</div><div id="a169711_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:503.862px;top:465.7px;">0</div><div id="a169715_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:465.7px;">0</div><div id="a169718_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:465.7px;">4,849</div><div id="a169721_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:632.555px;top:465.7px;">0</div><div id="a169724_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:465.7px;">4,849</div><div id="a169727" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:478.5px;">of which: Government bills / bonds</div><div id="a169728" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:139.022px;top:479.1px;">2</div><div id="a169731_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:478.5px;">0</div><div id="a169734_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:403.062px;top:478.5px;">26</div><div id="a169737_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:455.595px;top:478.5px;">0</div><div id="a169740_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:499.128px;top:478.5px;">26</div><div id="a169744_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.648px;top:478.5px;">2,658</div><div id="a169747_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:586.648px;top:478.5px;">27</div><div id="a169750_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:632.555px;top:478.5px;">0</div><div id="a169753_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:478.5px;">2,686</div><div id="a169756" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:491.7px;">of which: Corporate and municipal bonds </div><div id="a169760_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:354.795px;top:491.7px;">57</div><div id="a169763_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:390.768px;top:491.7px;">2,156</div><div id="a169766_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:455.595px;top:491.7px;">0</div><div id="a169769_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:491.7px;">2,213</div><div id="a169773_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:545.942px;top:491.7px;">45</div><div id="a169776_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:491.7px;">1,265</div><div id="a169779_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:632.555px;top:491.7px;">0</div><div id="a169782_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:491.7px;">1,310</div><div id="a169796" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:516.3px;">Non-financial assets measured at<div style="display:inline-block;width:3.74px"> </div>fair value on a recurring basis </div><div id="a169811" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:540.9px;">Precious metals and other physical commodities </div><div id="a169814_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.502px;top:540.9px;">4,471</div><div id="a169817_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:407.795px;top:540.9px;">0</div><div id="a169820_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:455.595px;top:540.9px;">0</div><div id="a169823_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:486.795px;top:540.9px;">4,471</div><div id="a169827_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.648px;top:540.9px;">5,258</div><div id="a169830_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:540.9px;">0</div><div id="a169833_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:632.555px;top:540.9px;">0</div><div id="a169836_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:540.9px;">5,258</div><div id="a169850" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:566px;">Non-financial assets measured at<div style="display:inline-block;width:3.74px"> </div>fair value on a non-recurring<div style="display:inline-block;width:3.98px"> </div>basis </div><div id="a169867" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:590.6px;">Other non-financial assets</div><div id="a169870" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:97.848px;top:591.2px;">3</div><div id="a169873_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:359.528px;top:590.6px;">0</div><div id="a169876_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:407.795px;top:590.6px;">0</div><div id="a169879_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:450.862px;top:590.6px;">21</div><div id="a169882_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:499.128px;top:590.6px;">21</div><div id="a169886_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.702px;top:590.6px;">0</div><div id="a169889_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:590.6px;">0</div><div id="a169892_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:627.822px;top:590.6px;">26</div><div id="a169895_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:590.6px;">26</div><div id="a169909" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:614.7px;">Total assets measured<div style="display:inline-block;width:3.81px"> </div>at fair value </div><div id="a169912_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:333.008px;top:614.7px;">128,132</div><div id="a169915_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:381.275px;top:614.7px;">207,028</div><div id="a169918_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.528px;top:614.7px;">6,698</div><div id="a169921_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:477.342px;top:614.7px;">341,858</div><div id="a169925_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:524.195px;top:614.7px;">149,484</div><div id="a169928_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.888px;top:614.7px;">187,658</div><div id="a169931_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.528px;top:614.7px;">7,645</div><div id="a169934_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:614.7px;">344,787</div></div><div id="TextBlockContainer1428" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:693px;height:441px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1426_XBRL_TS_8044fd55e6124ca2af3935ad732d618d" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1427" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:693px;height:441px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a169987" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:2.8px;">Determination of fair values<div style="display:inline-block;width:4.29px"> </div>from quoted market prices or valuation techniques<div style="display:inline-block;width:4.48px"> </div>(continued)</div><div id="a169988" style="position:absolute;font-family:'Frutiger';font-size:6.148px;font-weight:bold;font-style:normal;left:436.168px;top:3.5px;">1</div><div id="a169992" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:398.342px;top:16.2px;">31.12.22 </div><div id="a169995" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.395px;top:16.2px;">31.12.21 </div><div id="a169997" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:30px;">USD m </div><div id="a170000" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:338.715px;top:30px;">Level 1 </div><div id="a170002" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:386.955px;top:30px;">Level 2 </div><div id="a170004" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.755px;top:30px;">Level 3 </div><div id="a170006" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:490.582px;top:30px;">Total </div><div id="a170009" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:529.862px;top:30px;">Level 1 </div><div id="a170011" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.568px;top:30px;">Level 2 </div><div id="a170013" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:611.742px;top:30px;">Level 3 </div><div id="a170015" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:30px;">Total </div><div id="a170028" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:54.6px;">Financial liabilities measured at fair value<div style="display:inline-block;width:3.98px"> </div>on a recurring basis </div><div id="a170041" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:79.6px;">Financial liabilities at fair value held for trading </div><div id="a170044_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.768px;top:79.6px;">23,578</div><div id="a170047_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:390.768px;top:79.6px;">5,823</div><div id="a170050_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:445.662px;top:79.6px;">114</div><div id="a170053_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:482.075px;top:79.6px;">29,515</div><div id="a170057_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:528.915px;top:79.6px;">25,413</div><div id="a170060_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:574.355px;top:79.6px;">6,170</div><div id="a170063_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:622.622px;top:79.6px;">105</div><div id="a170066_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:79.6px;">31,688</div><div id="a170069" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:92.9px;">of which: Equity instruments </div><div id="a170073_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:337.768px;top:92.9px;">16,521</div><div id="a170076_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:397.862px;top:92.9px;">352</div><div id="a170079_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:450.862px;top:92.9px;">78</div><div id="a170082_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:92.9px;">16,951</div><div id="a170086_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.915px;top:92.9px;">18,328</div><div id="a170089_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:581.448px;top:92.9px;">513</div><div id="a170092_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:627.822px;top:92.9px;">83</div><div id="a170095_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:92.9px;">18,924</div><div id="a170098" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:106.1px;">of which: Corporate and municipal bonds </div><div id="a170101_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:354.795px;top:106.1px;">36</div><div id="a170104_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:390.768px;top:106.1px;">4,643</div><div id="a170107_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:450.862px;top:106.1px;">27</div><div id="a170110_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:106.1px;">4,707</div><div id="a170114_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:545.942px;top:106.1px;">30</div><div id="a170117_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:106.1px;">4,219</div><div id="a170120_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:627.822px;top:106.1px;">17</div><div id="a170123_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:106.1px;">4,266</div><div id="a170126" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:119.9px;">of which: Government bills / bonds </div><div id="a170129_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:342.502px;top:119.9px;">5,880</div><div id="a170132_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:397.862px;top:119.9px;">706</div><div id="a170135_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:455.595px;top:119.9px;">1</div><div id="a170138_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:119.9px;">6,587</div><div id="a170142_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.648px;top:119.9px;">5,883</div><div id="a170145_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:581.448px;top:119.9px;">826</div><div id="a170148_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:632.555px;top:119.9px;">0</div><div id="a170151_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:119.9px;">6,709</div><div id="a170154" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:133.1px;">of which: Investment fund units </div><div id="a170158_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:342.502px;top:133.1px;">1,141</div><div id="a170161_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:403.062px;top:133.1px;">84</div><div id="a170164_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:455.595px;top:133.1px;">3</div><div id="a170167_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:133.1px;">1,229</div><div id="a170171_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.648px;top:133.1px;">1,172</div><div id="a170174_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:581.448px;top:133.1px;">555</div><div id="a170177_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:632.555px;top:133.1px;">6</div><div id="a170180_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:133.1px;">1,733</div><div id="a170194" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:158.2px;">Derivative financial instruments </div><div id="a170197_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:349.595px;top:158.2px;">640</div><div id="a170200_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:381.275px;top:158.2px;">152,582</div><div id="a170203_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.528px;top:158.2px;">1,684</div><div id="a170206_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:477.342px;top:158.2px;">154,906</div><div id="a170210_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:540.742px;top:158.2px;">509</div><div id="a170213_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.888px;top:158.2px;">118,558</div><div id="a170216_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.528px;top:158.2px;">2,242</div><div id="a170219_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:158.2px;">121,309</div><div id="a170222" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:171.4px;">of which: Foreign exchange<div style="display:inline-block;width:3.54px"> </div></div><div id="a170225_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:349.595px;top:171.4px;">587</div><div id="a170228_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:386.008px;top:171.4px;">87,897</div><div id="a170231_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:450.862px;top:171.4px;">24</div><div id="a170234_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:171.4px;">88,508</div><div id="a170238_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:540.742px;top:171.4px;">258</div><div id="a170241_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:569.622px;top:171.4px;">53,800</div><div id="a170244_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:627.822px;top:171.4px;">21</div><div id="a170247_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:171.4px;">54,078</div><div id="a170250" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:184.7px;">of which: Interest rate<div style="display:inline-block;width:3.35px"> </div></div><div id="a170253_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:184.7px;">0</div><div id="a170256_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:386.008px;top:184.7px;">37,429</div><div id="a170259_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:184.7px;">116</div><div id="a170262_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:184.7px;">37,545</div><div id="a170266_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:184.7px;">0</div><div id="a170269_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:569.622px;top:184.7px;">28,398</div><div id="a170272_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:184.7px;">278</div><div id="a170275_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:184.7px;">28,675</div><div id="a170278" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:197.9px;">of which: Equity / index<div style="display:inline-block;width:3.26px"> </div></div><div id="a170281_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:197.9px;">0</div><div id="a170284_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:386.008px;top:197.9px;">24,963</div><div id="a170287_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:438.528px;top:197.9px;">1,184</div><div id="a170290_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:197.9px;">26,148</div><div id="a170294_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:197.9px;">0</div><div id="a170297_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:569.622px;top:197.9px;">33,438</div><div id="a170300_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:615.528px;top:197.9px;">1,511</div><div id="a170303_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:197.9px;">34,949</div><div id="a170306" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:211.2px;">of which: Credit </div><div id="a170309_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:211.2px;">0</div><div id="a170312_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:397.862px;top:211.2px;">920</div><div id="a170315_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:211.2px;">279</div><div id="a170318_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:211.2px;">1,199</div><div id="a170322_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:211.2px;">0</div><div id="a170325_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:211.2px;">1,412</div><div id="a170328_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:211.2px;">341</div><div id="a170331_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:211.2px;">1,753</div><div id="a170334" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:224.9px;">of which: Commodities </div><div id="a170338_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:224.9px;">0</div><div id="a170341_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:390.768px;top:224.9px;">1,309</div><div id="a170344_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:450.862px;top:224.9px;">52</div><div id="a170347_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:224.9px;">1,361</div><div id="a170351_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:224.9px;">0</div><div id="a170354_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:224.9px;">1,503</div><div id="a170357_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:627.822px;top:224.9px;">63</div><div id="a170360_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:224.9px;">1,566</div><div id="a170374" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:249.9px;">Financial liabilities designated at<div style="display:inline-block;width:3.81px"> </div>fair value on a recurring basis </div><div id="a170387" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:275px;">Brokerage payables designated at<div style="display:inline-block;width:4.03px"> </div>fair value </div><div id="a170390_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:359.528px;top:275px;">0</div><div id="a170393_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:386.008px;top:275px;">45,085</div><div id="a170396_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:455.595px;top:275px;">0</div><div id="a170399_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:482.075px;top:275px;">45,085</div><div id="a170403_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.702px;top:275px;">0</div><div id="a170406_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:569.622px;top:275px;">44,045</div><div id="a170409_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:632.555px;top:275px;">0</div><div id="a170412_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:275px;">44,045</div><div id="a170426" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:299.2px;">Debt issued designated at fair value </div><div id="a170429_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:359.528px;top:299.2px;">0</div><div id="a170432_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:386.008px;top:299.2px;">62,603</div><div id="a170435_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.528px;top:299.2px;">9,240</div><div id="a170438_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:482.075px;top:299.2px;">71,842</div><div id="a170442_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.702px;top:299.2px;">0</div><div id="a170445_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:569.622px;top:299.2px;">59,606</div><div id="a170448_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:610.795px;top:299.2px;">11,854</div><div id="a170451_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:299.2px;">71,460</div><div id="a170465" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:323.8px;">Other financial liabilities designated at fair value </div><div id="a170468_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:359.528px;top:323.8px;">0</div><div id="a170471_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:386.008px;top:323.8px;">30,055</div><div id="a170474_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.528px;top:323.8px;">1,978</div><div id="a170477_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:482.075px;top:323.8px;">32,033</div><div id="a170481_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.702px;top:323.8px;">0</div><div id="a170484_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:569.622px;top:323.8px;">29,258</div><div id="a170487_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.528px;top:323.8px;">3,156</div><div id="a170490_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:323.8px;">32,414</div><div id="a170493" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:337px;">of which: Financial liabilities related to unit-linked<div style="display:inline-block;width:3.88px"> </div>investment contracts </div><div id="a170499_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:337px;">0</div><div id="a170502_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:386.008px;top:337px;">13,221</div><div id="a170505_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:455.595px;top:337px;">0</div><div id="a170508_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:337px;">13,221</div><div id="a170512_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:337px;">0</div><div id="a170515_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:569.622px;top:337px;">21,466</div><div id="a170518_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:632.555px;top:337px;">0</div><div id="a170521_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:337px;">21,466</div><div id="a170524" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:350.3px;">of which: Securities financing transactions </div><div id="a170527_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:350.3px;">0</div><div id="a170530_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:386.008px;top:350.3px;">15,333</div><div id="a170533_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:455.595px;top:350.3px;">0</div><div id="a170536_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:350.3px;">15,333</div><div id="a170540_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:350.3px;">0</div><div id="a170543_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:350.3px;">6,375</div><div id="a170546_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:632.555px;top:350.3px;">2</div><div id="a170549_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:350.3px;">6,377</div><div id="a170552" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:363.5px;">of which: Over-the-counter<div style="display:inline-block;width:3.83px"> </div>debt instruments and other </div><div id="a170559_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:363.5px;">0</div><div id="a170562_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:397.862px;top:363.5px;">993</div><div id="a170565_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:363.5px;">691</div><div id="a170568_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:363.5px;">1,684</div><div id="a170572_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:363.5px;">0</div><div id="a170575_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:363.5px;">1,417</div><div id="a170578_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:363.5px;">814</div><div id="a170581_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:363.5px;">2,231</div><div id="a170595" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:388.6px;">Total liabilities measured<div style="display:inline-block;width:3.97px"> </div>at fair value </div><div id="a170598_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.768px;top:388.6px;">24,219</div><div id="a170601_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:381.275px;top:388.6px;">296,148</div><div id="a170604_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:433.808px;top:388.6px;">13,015</div><div id="a170607_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:477.342px;top:388.6px;">333,382</div><div id="a170611_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:528.915px;top:388.6px;">25,922</div><div id="a170614_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.888px;top:388.6px;">257,637</div><div id="a170617_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:610.795px;top:388.6px;">17,357</div><div id="a170620_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:388.6px;">300,916</div><div id="a170623" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:402.6px;">1 Bifurcated embedded derivatives are presented<div style="display:inline-block;width:3.65px"> </div>on the same balance sheet lines as their host contracts and are not included<div style="display:inline-block;width:3.67px"> </div>in this table. The fair value of<div style="display:inline-block;width:3.65px"> </div>these derivatives was not material for the periods<div style="display:inline-block;width:3.45px"> </div>presented.<div style="display:inline-block;width:7.49px"> </div></div><div id="a170626" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:412.6px;">2 Effective 1 April 2022, a portfolio of<div style="display:inline-block;width:3.55px"> </div>assets previously classified as Financial<div style="display:inline-block;width:3.79px"> </div>assets measured at fair value<div style="display:inline-block;width:3.64px"> </div>through other<div style="display:inline-block;width:2.9px"> </div>comprehensive income was<div style="display:inline-block;width:3.44px"> </div>reclassified to Other financial<div style="display:inline-block;width:3.47px"> </div>assets measured at amortized cost. </div><div id="a170629" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:422.5px;">Refer to Note 1 for more information.<div style="display:inline-block;width:8.51px"> </div>3 Other non-financial assets primarily<div style="display:inline-block;width:3.8px"> </div>consist of properties and other non-current assets<div style="display:inline-block;width:3.78px"> </div>held for sale, which are measured<div style="display:inline-block;width:3.91px"> </div>at the lower of their net carrying amount or fair value </div><div id="a170636" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:432.9px;">less costs to sell.</div></div></div></div><div id="TextBlockContainer1430" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:518px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a170638" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Valuation techniques<div style="display:inline-block;width:4.87px"> </div></div><div id="a170642" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23.5px;">UBS uses widely recognized valuation techniques for determining<div style="display:inline-block;width:2.15px"> </div>the fair value of<div style="display:inline-block;width:2.26px"> </div>financial and non-financial instruments </div><div id="a170645" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.7px;">that are<div style="display:inline-block;width:5.29px"> </div>not actively<div style="display:inline-block;width:5.53px"> </div>traded and<div style="display:inline-block;width:5.34px"> </div>quoted.<div style="display:inline-block;width:5.02px"> </div>The most frequently<div style="display:inline-block;width:6.11px"> </div>applied<div style="display:inline-block;width:5.13px"> </div>valuation techniques<div style="display:inline-block;width:6.22px"> </div>include discounted<div style="display:inline-block;width:5.63px"> </div>value of </div><div id="a170646" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">expected cash flows, relative value<div style="display:inline-block;width:5.19px"> </div>and option pricing methodologies. </div><div id="a170649" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:77px;">Discounted<div style="display:inline-block;width:5.75px"> </div>value<div style="display:inline-block;width:5.1px"> </div>of<div style="display:inline-block;width:5.25px"> </div>expected<div style="display:inline-block;width:5.99px"> </div>cash<div style="display:inline-block;width:5.25px"> </div>flows<div style="display:inline-block;width:5.3px"> </div>is<div style="display:inline-block;width:5.15px"> </div>a<div style="display:inline-block;width:5.67px"> </div>valuation<div style="display:inline-block;width:5.72px"> </div>technique<div style="display:inline-block;width:5.55px"> </div>that<div style="display:inline-block;width:5.57px"> </div>measures<div style="display:inline-block;width:5.43px"> </div>fair<div style="display:inline-block;width:5.26px"> </div>value<div style="display:inline-block;width:5.57px"> </div>using<div style="display:inline-block;width:5.75px"> </div>estimated<div style="display:inline-block;width:5.36px"> </div>expected </div><div id="a170650" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:92.1px;">future cash<div style="display:inline-block;width:5.07px"> </div>flows from assets or<div style="display:inline-block;width:5.77px"> </div>liabilities and then<div style="display:inline-block;width:5.09px"> </div>discounts these cash<div style="display:inline-block;width:5.53px"> </div>flows using a discount<div style="display:inline-block;width:5.75px"> </div>rate or discount<div style="display:inline-block;width:5.08px"> </div>margin </div><div id="a170655" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.2px;">that<div style="display:inline-block;width:5.1px"> </div>reflects<div style="display:inline-block;width:5.2px"> </div>the<div style="display:inline-block;width:5.25px"> </div>credit<div style="display:inline-block;width:5.03px"> </div>and<div style="display:inline-block;width:5.61px"> </div>/ or<div style="display:inline-block;width:6.4px"> </div>funding spreads<div style="display:inline-block;width:6.65px"> </div>required<div style="display:inline-block;width:5.4px"> </div>by<div style="display:inline-block;width:5.2px"> </div>the market<div style="display:inline-block;width:5.84px"> </div>for<div style="display:inline-block;width:5.1px"> </div>instruments<div style="display:inline-block;width:5.66px"> </div>with<div style="display:inline-block;width:5.25px"> </div>similar<div style="display:inline-block;width:5.1px"> </div>risk and<div style="display:inline-block;width:6.92px"> </div>liquidity </div><div id="a170656" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:122.9px;">profiles to<div style="display:inline-block;width:6.01px"> </div>produce<div style="display:inline-block;width:5.42px"> </div>a present<div style="display:inline-block;width:6.17px"> </div>value.<div style="display:inline-block;width:5.2px"> </div>When using<div style="display:inline-block;width:6.53px"> </div>such valuation<div style="display:inline-block;width:6.07px"> </div>techniques,<div style="display:inline-block;width:5.7px"> </div>expected<div style="display:inline-block;width:5.05px"> </div>future cash<div style="display:inline-block;width:6.01px"> </div>flows<div style="display:inline-block;width:5.17px"> </div>are estimated </div><div id="a170658" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:138px;">using an<div style="display:inline-block;width:5.59px"> </div>observed or<div style="display:inline-block;width:5.18px"> </div>implied market price<div style="display:inline-block;width:5.58px"> </div>for the<div style="display:inline-block;width:5.25px"> </div>future cash<div style="display:inline-block;width:5.54px"> </div>flows or by<div style="display:inline-block;width:5.56px"> </div>using industry<div style="display:inline-block;width:1.49px"> </div>-standard<div style="display:inline-block;width:5.16px"> </div>cash flow projection </div><div id="a170661" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:153.6px;">models.<div style="display:inline-block;width:7.87px"> </div>The<div style="display:inline-block;width:7.77px"> </div>discount<div style="display:inline-block;width:7.96px"> </div>factors<div style="display:inline-block;width:7.63px"> </div>within<div style="display:inline-block;width:8.19px"> </div>the<div style="display:inline-block;width:7.62px"> </div>calculation<div style="display:inline-block;width:8.25px"> </div>are<div style="display:inline-block;width:7.65px"> </div>generated<div style="display:inline-block;width:7.87px"> </div>using<div style="display:inline-block;width:8.12px"> </div>industry-standard<div style="display:inline-block;width:8.83px"> </div>yield<div style="display:inline-block;width:7.36px"> </div>curve<div style="display:inline-block;width:8.16px"> </div>modeling </div><div id="a170664" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:168.7px;">techniques and models. </div><div id="a170668" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:191.5px;">Relative value<div style="display:inline-block;width:2px"> </div>models measure<div style="display:inline-block;width:1.43px"> </div>fair value<div style="display:inline-block;width:1.48px"> </div>based on the<div style="display:inline-block;width:1.59px"> </div>market prices<div style="display:inline-block;width:1.33px"> </div>of equivalent<div style="display:inline-block;width:1.61px"> </div>or comparable<div style="display:inline-block;width:1.57px"> </div>assets or<div style="display:inline-block;width:2.04px"> </div>liabilities,<div style="display:inline-block;width:1.94px"> </div>making </div><div id="a170670" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:206.6px;">adjustments for differences<div style="display:inline-block;width:1.35px"> </div>between the characteristics<div style="display:inline-block;width:0.9px"> </div>of the observed instrument<div style="display:inline-block;width:1.59px"> </div>and the instrument<div style="display:inline-block;width:1.55px"> </div>being valued. </div><div id="a170672" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:229.8px;">Option<div style="display:inline-block;width:5.92px"> </div>pricing<div style="display:inline-block;width:5.72px"> </div>models<div style="display:inline-block;width:5.87px"> </div>incorporate<div style="display:inline-block;width:5.72px"> </div>assumptions<div style="display:inline-block;width:6.69px"> </div>regarding<div style="display:inline-block;width:6.55px"> </div>the<div style="display:inline-block;width:5.72px"> </div>behavior<div style="display:inline-block;width:5.35px"> </div>of<div style="display:inline-block;width:5.72px"> </div>future<div style="display:inline-block;width:5.86px"> </div>price<div style="display:inline-block;width:5.42px"> </div>movements<div style="display:inline-block;width:5.94px"> </div>of<div style="display:inline-block;width:5.72px"> </div>an<div style="display:inline-block;width:5.88px"> </div>underlying </div><div id="a170674" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:244.9px;">referenced<div style="display:inline-block;width:6.37px"> </div>asset<div style="display:inline-block;width:6.09px"> </div>or<div style="display:inline-block;width:6.67px"> </div>assets<div style="display:inline-block;width:6.61px"> </div>to<div style="display:inline-block;width:6.2px"> </div>generate<div style="display:inline-block;width:6.25px"> </div>a<div style="display:inline-block;width:6.62px"> </div>probability-weighted<div style="display:inline-block;width:7.33px"> </div>future<div style="display:inline-block;width:6.4px"> </div>expected<div style="display:inline-block;width:6.5px"> </div>payoff<div style="display:inline-block;width:6.76px"> </div>for<div style="display:inline-block;width:6.52px"> </div>the<div style="display:inline-block;width:6.2px"> </div>option.<div style="display:inline-block;width:6.8px"> </div>The<div style="display:inline-block;width:6.35px"> </div>resulting </div><div id="a170680" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:260px;">probability-weighted expected<div style="display:inline-block;width:5.78px"> </div>payoff is<div style="display:inline-block;width:5.39px"> </div>then discounted<div style="display:inline-block;width:6.16px"> </div>using discount<div style="display:inline-block;width:5.78px"> </div>factors generated<div style="display:inline-block;width:5.2px"> </div>from industry<div style="display:inline-block;width:1.8px"> </div>-standard yield </div><div id="a170686" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:275.2px;">curve modeling<div style="display:inline-block;width:5.87px"> </div>techniques<div style="display:inline-block;width:5.13px"> </div>and<div style="display:inline-block;width:5.13px"> </div>models. The<div style="display:inline-block;width:5.34px"> </div>option pricing<div style="display:inline-block;width:5.9px"> </div>model may<div style="display:inline-block;width:5.57px"> </div>be implemented<div style="display:inline-block;width:6.39px"> </div>using a<div style="display:inline-block;width:5.86px"> </div>closed-form analytical </div><div id="a170689" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:290.8px;">formula or other mathematical techniques<div style="display:inline-block;width:5.65px"> </div>(e.g., binomial<div style="display:inline-block;width:4.37px"> </div>tree or Monte Carlo simulation). </div><div id="a170692" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:313.5px;">Where available, valuation techniques use market-observable assumptions and inputs. If such<div style="display:inline-block;width:2.33px"> </div>data is not available,<div style="display:inline-block;width:2.24px"> </div>inputs </div><div id="a170695" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:328.6px;">may be derived<div style="display:inline-block;width:5.67px"> </div>by reference<div style="display:inline-block;width:5.32px"> </div>to similar assets<div style="display:inline-block;width:5.83px"> </div>in active<div style="display:inline-block;width:5.22px"> </div>markets, from recent<div style="display:inline-block;width:5.96px"> </div>prices for<div style="display:inline-block;width:5.47px"> </div>comparable transactions<div style="display:inline-block;width:6.06px"> </div>or from </div><div id="a170697" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:344.3px;">other observable market data. In such<div style="display:inline-block;width:2.28px"> </div>cases, the inputs selected<div style="display:inline-block;width:1.97px"> </div>are based on historical<div style="display:inline-block;width:2.31px"> </div>experience and practice for<div style="display:inline-block;width:2.11px"> </div>similar </div><div id="a170698" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:359.4px;">or analogous instruments,<div style="display:inline-block;width:2.25px"> </div>derivation of input<div style="display:inline-block;width:1.91px"> </div>levels based<div style="display:inline-block;width:2.09px"> </div>on similar<div style="display:inline-block;width:2.3px"> </div>products with observable<div style="display:inline-block;width:1.99px"> </div>price levels, and knowledge </div><div id="a170700" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:375px;">of current market conditions and<div style="display:inline-block;width:5.14px"> </div>valuation approaches. </div><div id="a170702" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:397.7px;">For<div style="display:inline-block;width:6.47px"> </div>more<div style="display:inline-block;width:6.76px"> </div>complex<div style="display:inline-block;width:6.84px"> </div>instruments,<div style="display:inline-block;width:7.19px"> </div>fair<div style="display:inline-block;width:6.68px"> </div>values<div style="display:inline-block;width:6.57px"> </div>may<div style="display:inline-block;width:6.74px"> </div>be<div style="display:inline-block;width:6.82px"> </div>estimated<div style="display:inline-block;width:6.78px"> </div>using<div style="display:inline-block;width:7.17px"> </div>a<div style="display:inline-block;width:6.62px"> </div>combination<div style="display:inline-block;width:7.39px"> </div>of<div style="display:inline-block;width:6.67px"> </div>observed<div style="display:inline-block;width:6.45px"> </div>transaction<div style="display:inline-block;width:6.98px"> </div>prices, </div><div id="a170703" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:412.9px;">consensus pricing services and relevant<div style="display:inline-block;width:2.3px"> </div>quotes. Consideration is given to the nature of the<div style="display:inline-block;width:2.03px"> </div>quotes (e.g., indicative or firm) </div><div id="a170706" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:428px;">and the<div style="display:inline-block;width:5.29px"> </div>relationship of recently<div style="display:inline-block;width:5.09px"> </div>evidenced market activity<div style="display:inline-block;width:5.34px"> </div>to the prices<div style="display:inline-block;width:5.3px"> </div>provided by<div style="display:inline-block;width:5.42px"> </div>consensus pricing services. UBS<div style="display:inline-block;width:5.73px"> </div>also </div><div id="a170707" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:443.6px;">uses internally developed models, which are typically<div style="display:inline-block;width:2.01px"> </div>based on valuation methods and techniques recognized as standard </div><div id="a170711" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:458.8px;">within the<div style="display:inline-block;width:5.03px"> </div>industry. Assumptions<div style="display:inline-block;width:5.54px"> </div>and inputs used in<div style="display:inline-block;width:5.45px"> </div>valuation techniques include<div style="display:inline-block;width:5.57px"> </div>benchmark interest rate<div style="display:inline-block;width:5.13px"> </div>curves, credit </div><div id="a170714" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:474.4px;">and<div style="display:inline-block;width:5.13px"> </div>funding<div style="display:inline-block;width:5.48px"> </div>spreads used<div style="display:inline-block;width:6.35px"> </div>in estimating<div style="display:inline-block;width:6.14px"> </div>discount<div style="display:inline-block;width:5.32px"> </div>rates,<div style="display:inline-block;width:4.57px"> </div>bond<div style="display:inline-block;width:5.54px"> </div>and<div style="display:inline-block;width:5.13px"> </div>equity prices,<div style="display:inline-block;width:6.09px"> </div>equity<div style="display:inline-block;width:5.15px"> </div>index<div style="display:inline-block;width:5.3px"> </div>prices,<div style="display:inline-block;width:5.1px"> </div>foreign<div style="display:inline-block;width:5.33px"> </div>exchange </div><div id="a170718" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:489.5px;">rates, levels<div style="display:inline-block;width:5.74px"> </div>of market<div style="display:inline-block;width:6.31px"> </div>volatility and<div style="display:inline-block;width:6.2px"> </div>correlation. Refer<div style="display:inline-block;width:5.92px"> </div>to Note<div style="display:inline-block;width:6.06px"> </div>20e<div style="display:inline-block;width:5.16px"> </div>for more<div style="display:inline-block;width:5.81px"> </div>information.<div style="display:inline-block;width:5.39px"> </div>The discount<div style="display:inline-block;width:6.38px"> </div>curves used<div style="display:inline-block;width:5.93px"> </div>by </div><div id="a170724" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:504.7px;">UBS incorporate the funding<div style="display:inline-block;width:5.33px"> </div>and credit characteristics of the instruments to<div style="display:inline-block;width:5.06px"> </div>which they are applied.</div></div><div id="TextBlockContainer1432" style="position:relative;font-family:'Frutiger';font-size:11.823px;color:#E60000;line-height:normal;width:686px;height:83px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a170769" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.38px;top:0px;">Financial instruments<div style="display:inline-block;width:4.7px"> </div>excluding derivatives:<div style="display:inline-block;width:5.17px"> </div>valuation and classification<div style="display:inline-block;width:5.41px"> </div>in the fair value<div style="display:inline-block;width:5.06px"> </div>hierarchy </div><div id="a170771" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;color:#000000;left:15.257px;top:27.3px;">Product </div><div id="a170773" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;color:#000000;left:127.866px;top:27.3px;">Valuation and<div style="display:inline-block;width:4.4px"> </div>classification in the fair value hierarchy </div><div id="a170775" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;color:#000000;left:15.257px;top:49.6px;">Government bills </div><div id="a170776" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;color:#000000;left:15.257px;top:61.4px;">and bonds </div><div id="a170778" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;color:#000000;left:127.866px;top:49.8px;">Valuation </div><div id="a170780" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;color:#000000;left:218.266px;top:49.8px;">–</div><div id="a170781" style="position:absolute;font-family:'Arial';font-size:9.931px;font-weight:normal;font-style:normal;color:#000000;left:223.466px;top:49.7px;"> </div><div id="a170782" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;color:#000000;left:229.613px;top:49.8px;">Generally valued using prices<div style="display:inline-block;width:4.27px"> </div>obtained directly from the market. </div><div id="a170787" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;color:#000000;left:218.266px;top:61.6px;">–</div><div id="a170788" style="position:absolute;font-family:'Arial';font-size:9.931px;font-weight:normal;font-style:normal;color:#000000;left:223.466px;top:61.5px;"> </div><div id="a170789" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;color:#000000;left:229.613px;top:61.6px;">Instruments not<div style="display:inline-block;width:4.16px"> </div>priced directly using<div style="display:inline-block;width:4.19px"> </div>active-market data are<div style="display:inline-block;width:4.75px"> </div>valued using discounted<div style="display:inline-block;width:4.76px"> </div>cash flow valuation </div><div id="a170792" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:light;font-style:normal;color:#000000;left:229.613px;top:73.4px;">techniques that incorporate market<div style="display:inline-block;width:4.16px"> </div>data for similar government instruments.<div style="display:inline-block;width:3.72px"> </div></div></div><div id="TextBlockContainer1434" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:673px;height:831px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a170794" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:0px;">Fair value </div><div id="a170795" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:12.3px;">hierarchy </div><div id="a170797" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:0px;">–</div><div id="a170798" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:-0.1px;"> </div><div id="a170799" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:0px;">Generally traded in<div style="display:inline-block;width:4.12px"> </div>active markets with prices that<div style="display:inline-block;width:4.27px"> </div>can be obtained directly from these<div style="display:inline-block;width:4.44px"> </div>markets, resulting </div><div id="a170801" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:12.3px;">in classification as Level 1,<div style="display:inline-block;width:4.24px"> </div>while the remaining positions are classified as Level<div style="display:inline-block;width:4.11px"> </div>2 and Level 3. </div><div id="a170811" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:35.3px;">Corporate and </div><div id="a170812" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:47.6px;">municipal bonds </div><div id="a170814" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:35.5px;">Valuation </div><div id="a170816" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:35.5px;">–</div><div id="a170817" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:35.4px;"> </div><div id="a170818" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:35.5px;">Generally<div style="display:inline-block;width:5.21px"> </div>valued<div style="display:inline-block;width:4.57px"> </div>using<div style="display:inline-block;width:4.79px"> </div>prices<div style="display:inline-block;width:4.57px"> </div>obtained<div style="display:inline-block;width:4.55px"> </div>directly<div style="display:inline-block;width:4.84px"> </div>from<div style="display:inline-block;width:4.36px"> </div>the<div style="display:inline-block;width:4.65px"> </div>market<div style="display:inline-block;width:4.74px"> </div>for<div style="display:inline-block;width:4.41px"> </div>the<div style="display:inline-block;width:4.65px"> </div>security,<div style="display:inline-block;width:4.47px"> </div>or<div style="display:inline-block;width:4.88px"> </div>similar<div style="display:inline-block;width:4.66px"> </div>securities, </div><div id="a170819" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:47.8px;">adjusted for seniority, maturity<div style="display:inline-block;width:4.14px"> </div>and liquidity. </div><div id="a170821" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:59.6px;">–</div><div id="a170822" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:59.5px;"> </div><div id="a170823" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:59.6px;">When<div style="display:inline-block;width:4.41px"> </div>prices are<div style="display:inline-block;width:4.36px"> </div>not available,<div style="display:inline-block;width:5.19px"> </div>instruments are<div style="display:inline-block;width:4.98px"> </div>valued using<div style="display:inline-block;width:4.7px"> </div>discounted<div style="display:inline-block;width:4.23px"> </div>cash flow<div style="display:inline-block;width:4.64px"> </div>valuation techniques </div><div id="a170825" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:71.9px;">incorporating the credit spread of<div style="display:inline-block;width:4.11px"> </div>the issuer or similar issuers. </div><div id="a170827" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:83.7px;">–</div><div id="a170828" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:83.6px;"> </div><div id="a170829" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:83.7px;">For<div style="display:inline-block;width:4.26px"> </div>convertible<div style="display:inline-block;width:4.73px"> </div>bonds<div style="display:inline-block;width:4.36px"> </div>without directly<div style="display:inline-block;width:5.42px"> </div>comparable<div style="display:inline-block;width:4.25px"> </div>prices,<div style="display:inline-block;width:4.25px"> </div>issuances<div style="display:inline-block;width:4.79px"> </div>may<div style="display:inline-block;width:4.11px"> </div>be priced<div style="display:inline-block;width:5.27px"> </div>using<div style="display:inline-block;width:4.32px"> </div>a convertible </div><div id="a170835" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:95.6px;">bond model. </div><div id="a170837" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:115.9px;">Fair value </div><div id="a170838" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:128.2px;">hierarchy </div><div id="a170840" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:115.9px;">–</div><div id="a170841" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:115.8px;"> </div><div id="a170842" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:115.9px;">Generally classified as Level 1<div style="display:inline-block;width:4.2px"> </div>or Level 2,<div style="display:inline-block;width:3.26px"> </div>depending on the depth of trading activity behind<div style="display:inline-block;width:4.18px"> </div>price sources. </div><div id="a170852" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:128.2px;">–</div><div id="a170853" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:128.1px;"> </div><div id="a170854" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:128.2px;">Level 3 instruments have no suitable<div style="display:inline-block;width:4.1px"> </div>pricing information available. </div><div id="a170858" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:151.2px;">Traded<div style="display:inline-block;width:4.29px"> </div>loans and </div><div id="a170859" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:163.5px;">loans measured at </div><div id="a170863" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:175.3px;">fair value </div><div id="a170865" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:151.4px;">Valuation </div><div id="a170867" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:151.4px;">–</div><div id="a170868" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:151.3px;"> </div><div id="a170869" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:151.4px;">Valued directly using market prices<div style="display:inline-block;width:0.91px"> </div>that reflect recent transactions<div style="display:inline-block;width:1.32px"> </div>or quoted dealer prices, where<div style="display:inline-block;width:1.01px"> </div>available. </div><div id="a170872" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:163.7px;">–</div><div id="a170873" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:163.6px;"> </div><div id="a170874" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:163.7px;">Where<div style="display:inline-block;width:4.2px"> </div>no market<div style="display:inline-block;width:4.65px"> </div>price<div style="display:inline-block;width:4.18px"> </div>data is<div style="display:inline-block;width:4.57px"> </div>available, loans<div style="display:inline-block;width:5.03px"> </div>are valued<div style="display:inline-block;width:4.83px"> </div>by relative<div style="display:inline-block;width:4.92px"> </div>value benchmarking<div style="display:inline-block;width:4.79px"> </div>using pricing </div><div id="a170875" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:175.5px;">derived from debt instruments in<div style="display:inline-block;width:4.41px"> </div>comparable entities or different products in<div style="display:inline-block;width:4.18px"> </div>the same entity, or by using </div><div id="a170878" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:187.8px;">a credit<div style="display:inline-block;width:4.68px"> </div>default swap valuation<div style="display:inline-block;width:5.18px"> </div>technique, which<div style="display:inline-block;width:4.24px"> </div>requires inputs<div style="display:inline-block;width:4.67px"> </div>for credit<div style="display:inline-block;width:4.13px"> </div>spreads, credit<div style="display:inline-block;width:4.37px"> </div>recovery rates </div><div id="a170879" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:199.7px;">and<div style="display:inline-block;width:4.32px"> </div>interest rates.<div style="display:inline-block;width:4.75px"> </div>Recently originated<div style="display:inline-block;width:4.95px"> </div>commercial<div style="display:inline-block;width:4.14px"> </div>real estate<div style="display:inline-block;width:4.84px"> </div>loans are<div style="display:inline-block;width:4.66px"> </div>measured<div style="display:inline-block;width:4.19px"> </div>using a<div style="display:inline-block;width:4.85px"> </div>securitization </div><div id="a170881" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:211.5px;">approach based on rating agency guidelines. </div><div id="a170883" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:231.8px;">Fair value </div><div id="a170884" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:244.1px;">hierarchy </div><div id="a170886" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:231.8px;">–</div><div id="a170887" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:231.7px;"> </div><div id="a170888" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:231.8px;">Instruments with suitably deep<div style="display:inline-block;width:4.15px"> </div>and liquid pricing information are classified as<div style="display:inline-block;width:4.15px"> </div>Level 2. </div><div id="a170893" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:244.1px;">–</div><div id="a170894" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:244px;"> </div><div id="a170895" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:244.1px;">Positions requiring the use of valuation techniques, or for which the price sources have insufficient trading </div><div id="a170897" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:256px;">depth, are classified as Level 3. </div><div id="a170901" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:276.1px;">Investment fund </div><div id="a170902" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:287.9px;">units </div><div id="a170904" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:276.3px;">Valuation </div><div id="a170906" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:276.3px;">–</div><div id="a170907" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:276.2px;"> </div><div id="a170908" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:276.3px;">Predominantly exchange<div style="display:inline-block;width:1.48px"> </div>-traded, with readily available quoted prices in liquid<div style="display:inline-block;width:4.13px"> </div>markets. </div><div id="a170914" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:288.1px;">–</div><div id="a170915" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:288px;"> </div><div id="a170916" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:288.1px;">Where market prices are not available,<div style="display:inline-block;width:4.54px"> </div>fair value may be measured using net asset values (NAVs)<div style="display:inline-block;width:1.75px"> </div>. </div><div id="a170919" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:308.5px;">Fair value </div><div id="a170920" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:320.3px;">hierarchy </div><div id="a170922" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:308.5px;">–</div><div id="a170923" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:308.4px;"> </div><div id="a170924" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:308.5px;">Listed<div style="display:inline-block;width:4.1px"> </div>units<div style="display:inline-block;width:4.17px"> </div>are<div style="display:inline-block;width:4.44px"> </div>classified<div style="display:inline-block;width:4.1px"> </div>as Level<div style="display:inline-block;width:4.43px"> </div>1, provided<div style="display:inline-block;width:5.12px"> </div>there<div style="display:inline-block;width:4.12px"> </div>is sufficient<div style="display:inline-block;width:5.22px"> </div>trading<div style="display:inline-block;width:4.17px"> </div>activity to<div style="display:inline-block;width:5.07px"> </div>justify<div style="display:inline-block;width:4.18px"> </div>active-market </div><div id="a170930" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:320.3px;">classification, while other positions are<div style="display:inline-block;width:4.32px"> </div>classified as Level 2. </div><div id="a170934" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:332.6px;">–</div><div id="a170935" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:332.5px;"> </div><div id="a170936" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:332.6px;">Positions for which NAVs are not available<div style="display:inline-block;width:4.5px"> </div>are classified as Level 3. </div><div id="a170940" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:352.7px;">Asset-backed </div><div id="a170943" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:364.5px;">securities (ABS) </div><div id="a170947" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:352.9px;">Valuation </div><div id="a170949" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:352.9px;">–</div><div id="a170950" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:352.8px;"> </div><div id="a170951" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:352.9px;">For liquid securities, the valuation process will use trade and price data, updated for movements in market </div><div id="a170953" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:364.8px;">levels between the<div style="display:inline-block;width:4.33px"> </div>time of trading and<div style="display:inline-block;width:4.31px"> </div>the time of valuation. Less liquid<div style="display:inline-block;width:5.02px"> </div>instruments are measured using </div><div id="a170954" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:376.6px;">discounted expected cash flows incorporating<div style="display:inline-block;width:1.19px"> </div>price data for<div style="display:inline-block;width:1.41px"> </div>instruments or indices with<div style="display:inline-block;width:1.16px"> </div>similar risk profiles. </div><div id="a170959" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:397px;">Fair value </div><div id="a170960" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:409.3px;">hierarchy </div><div id="a170962" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:397px;">–</div><div id="a170963" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:396.9px;"> </div><div id="a170964" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:397px;">Residential<div style="display:inline-block;width:6.29px"> </div>mortgage</div><div id="a170965" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:311.728px;top:397px;">-</div><div id="a170966" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:315.035px;top:397px;">backed<div style="display:inline-block;width:6.06px"> </div>securities</div><div id="a170967" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:390.302px;top:397px;">, </div><div id="a170968" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:398.808px;top:397px;">c</div><div id="a170969" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:403.062px;top:397px;">ommercial<div style="display:inline-block;width:6.18px"> </div>mortgage</div><div id="a170970" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:495.342px;top:397px;">-</div><div id="a170971" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:498.648px;top:397px;">backed<div style="display:inline-block;width:5.59px"> </div>securities</div><div id="a170972" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:573.875px;top:397px;"> </div><div id="a170973" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:579.555px;top:397px;">and<div style="display:inline-block;width:5.74px"> </div>other<div style="display:inline-block;width:6.22px"> </div>ABS<div style="display:inline-block;width:6.06px"> </div>are </div><div id="a170974" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:409.3px;">generally classified as Level 2. However, if significant inputs are unobservable, or if market or fundamental </div><div id="a170977" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:421.1px;">data is not available, they are<div style="display:inline-block;width:4.27px"> </div>classified as Level 3. </div><div id="a170981" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:441.2px;">Auction rate </div><div id="a170982" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:453px;">securities (ARS) </div><div id="a170986" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:441.4px;">Valuation </div><div id="a170988" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:441.4px;">–</div><div id="a170989" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:441.3px;"> </div><div id="a170990" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:441.4px;">ARS<div style="display:inline-block;width:5.11px"> </div>are<div style="display:inline-block;width:4.91px"> </div>valued<div style="display:inline-block;width:5.1px"> </div>utilizing<div style="display:inline-block;width:5.2px"> </div>a<div style="display:inline-block;width:4.97px"> </div>discounted<div style="display:inline-block;width:5.18px"> </div>cash<div style="display:inline-block;width:4.93px"> </div>flow<div style="display:inline-block;width:4.88px"> </div>methodology.<div style="display:inline-block;width:5.22px"> </div>The<div style="display:inline-block;width:4.88px"> </div>model<div style="display:inline-block;width:5.19px"> </div>captures<div style="display:inline-block;width:4.99px"> </div>interest<div style="display:inline-block;width:4.67px"> </div>rate<div style="display:inline-block;width:5.21px"> </div>risk </div><div id="a170994" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:453.2px;">emanating from the<div style="display:inline-block;width:4.11px"> </div>note coupon, credit risk<div style="display:inline-block;width:4.25px"> </div>attributable to the underlying<div style="display:inline-block;width:4.38px"> </div>closed-end fund<div style="display:inline-block;width:4.12px"> </div>investments, </div><div id="a170997" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:465.5px;">liquidity risk as a function of<div style="display:inline-block;width:4.23px"> </div>the level of trading volume in these<div style="display:inline-block;width:4.33px"> </div>positions, and extension risk<div style="display:inline-block;width:1.43px"> </div>,<div style="display:inline-block;width:2.44px"> </div>as ARS are </div><div id="a171005" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:477.4px;">perpetual instruments that require<div style="display:inline-block;width:4.19px"> </div>an assumption regarding their maturity<div style="display:inline-block;width:4.29px"> </div>or issuer redemption date.<div style="display:inline-block;width:3.24px"> </div></div><div id="a171009" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:497.7px;">Fair value </div><div id="a171010" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:509.5px;">hierarchy </div><div id="a171012" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:497.7px;">–</div><div id="a171013" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:497.6px;"> </div><div id="a171014" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:497.7px;">Granular and liquid<div style="display:inline-block;width:4.41px"> </div>pricing information is generally<div style="display:inline-block;width:4.47px"> </div>not available for ARS.<div style="display:inline-block;width:4.47px"> </div>As a result, these<div style="display:inline-block;width:4.22px"> </div>securities are </div><div id="a171017" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:509.5px;">classified as Level 3. </div><div id="a171021" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:532.9px;">Equity instruments </div><div id="a171023" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:533.2px;">Valuation </div><div id="a171025" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:533.2px;">–</div><div id="a171026" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:533.1px;"> </div><div id="a171027" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:533.2px;">Listed equity instruments are<div style="display:inline-block;width:4.11px"> </div>generally valued using prices obtained directly from<div style="display:inline-block;width:4.27px"> </div>the market. </div><div id="a171029" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:545px;">–</div><div id="a171030" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:544.9px;"> </div><div id="a171031" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:545px;">Unlisted equity<div style="display:inline-block;width:4.71px"> </div>holdings, including<div style="display:inline-block;width:4.6px"> </div>private equity<div style="display:inline-block;width:4.1px"> </div>positions, are<div style="display:inline-block;width:4.41px"> </div>initially marked<div style="display:inline-block;width:4.1px"> </div>at their<div style="display:inline-block;width:4.18px"> </div>transaction price </div><div id="a171032" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:557.3px;">and are<div style="display:inline-block;width:5.06px"> </div>revalued when<div style="display:inline-block;width:4.97px"> </div>reliable evidence<div style="display:inline-block;width:5.3px"> </div>of price<div style="display:inline-block;width:4.89px"> </div>movement becomes<div style="display:inline-block;width:4.81px"> </div>available or<div style="display:inline-block;width:4.96px"> </div>when the<div style="display:inline-block;width:4.63px"> </div>position<div style="display:inline-block;width:4.16px"> </div>is </div><div id="a171033" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:569.2px;">deemed to be impaired.<div style="display:inline-block;width:3.68px"> </div></div><div id="a171035" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:589.5px;">Fair value </div><div id="a171036" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:601.3px;">hierarchy </div><div id="a171038" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:589.5px;">–</div><div id="a171039" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:589.4px;"> </div><div id="a171040" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:589.5px;">The majority<div style="display:inline-block;width:5.28px"> </div>of equity<div style="display:inline-block;width:4.57px"> </div>securities are<div style="display:inline-block;width:4.68px"> </div>actively<div style="display:inline-block;width:4.12px"> </div>traded on<div style="display:inline-block;width:4.47px"> </div>public stock<div style="display:inline-block;width:4.64px"> </div>exchanges where<div style="display:inline-block;width:4.82px"> </div>quoted prices<div style="display:inline-block;width:5.02px"> </div>are </div><div id="a171041" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:601.3px;">readily and regularly available, resulting<div style="display:inline-block;width:4.14px"> </div>in Level 1 classification. </div><div id="a171045" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:613.6px;">–</div><div id="a171046" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:613.5px;"> </div><div id="a171047" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:613.6px;">Equity securities less actively traded<div style="display:inline-block;width:4.26px"> </div>will be classified as Level 2 and illiquid<div style="display:inline-block;width:4.17px"> </div>positions as Level 3. </div><div id="a171057" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:633.7px;">Financial assets for </div><div id="a171058" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:645.6px;">unit-linked </div><div id="a171061" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:657.4px;">investment </div><div id="a171062" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:669.7px;">contracts </div><div id="a171064" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:634px;">Valuation </div><div id="a171066" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:634px;">–</div><div id="a171067" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:633.9px;"> </div><div id="a171068" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:634px;">The majority of assets are listed on<div style="display:inline-block;width:4.39px"> </div>exchanges and fair values are determined using quoted<div style="display:inline-block;width:4.53px"> </div>prices. </div><div id="a171073" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:657.6px;">Fair value </div><div id="a171074" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:669.5px;">hierarchy </div><div id="a171076" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:657.6px;">–</div><div id="a171077" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:657.5px;"> </div><div id="a171078" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:657.6px;">Most assets are classified as<div style="display:inline-block;width:4.26px"> </div>Level 1 if actively traded, or Level 2 if trading is not active. </div><div id="a171084" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:669.5px;">–</div><div id="a171085" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:669.3px;"> </div><div id="a171086" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:669.5px;">Instruments for which prices are<div style="display:inline-block;width:4.42px"> </div>not readily available are classified as<div style="display:inline-block;width:4.22px"> </div>Level 3. </div><div id="a171091" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:693.3px;">Securities </div><div id="a171092" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:705.2px;">financing </div><div id="a171093" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:717px;">transactions </div><div id="a171095" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:693.6px;">Valuation </div><div id="a171097" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:693.6px;">–</div><div id="a171098" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:693.5px;"> </div><div id="a171099" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:693.6px;">These instruments are<div style="display:inline-block;width:4.42px"> </div>valued using discounted expected<div style="display:inline-block;width:4.13px"> </div>cash flow techniques. The<div style="display:inline-block;width:4.62px"> </div>discount rate applied </div><div id="a171100" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:705.4px;">is based on funding curves that<div style="display:inline-block;width:4.21px"> </div>are relevant to the collateral eligibility terms. </div><div id="a171102" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:729.1px;">Fair value </div><div id="a171103" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:740.9px;">hierarchy </div><div id="a171105" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:729.1px;">–</div><div id="a171106" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:729px;"> </div><div id="a171107" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:729.1px;">Collateral<div style="display:inline-block;width:4.18px"> </div>funding curves for<div style="display:inline-block;width:4.55px"> </div>these instruments<div style="display:inline-block;width:4.5px"> </div>are generally observable<div style="display:inline-block;width:4.5px"> </div>and, as<div style="display:inline-block;width:4.16px"> </div>a result,<div style="display:inline-block;width:4.35px"> </div>these positions </div><div id="a171109" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:740.9px;">are classified as Level 2. </div><div id="a171113" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:753.2px;">–</div><div id="a171114" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:753.1px;"> </div><div id="a171115" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:753.2px;">Where the collateral terms<div style="display:inline-block;width:1.22px"> </div>are non-standard, the funding curve<div style="display:inline-block;width:1.18px"> </div>may be considered unobservable<div style="display:inline-block;width:1.16px"> </div>and these </div><div id="a171118" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:765px;">positions are classified as Level 3. </div><div id="a171122" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:785.1px;">Brokerage </div><div id="a171123" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:797px;">receivables and </div><div id="a171124" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:809.3px;">payables </div><div id="a171126" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:785.4px;">Valuation </div><div id="a171128" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:785.4px;">–</div><div id="a171129" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:785.3px;"> </div><div id="a171130" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:785.4px;">Fair value is determined based on<div style="display:inline-block;width:4.38px"> </div>the value of the underlying balances. </div><div id="a171133" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:809px;">Fair value </div><div id="a171134" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:116.288px;top:820.8px;">hierarchy </div><div id="a171136" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:206.688px;top:809px;">–</div><div id="a171137" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:211.888px;top:808.9px;"> </div><div id="a171138" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.035px;top:809px;">Due to their on-demand nature,<div style="display:inline-block;width:4.45px"> </div>these receivables and payables are deemed as Level<div style="display:inline-block;width:4.44px"> </div>2.</div></div><div id="TextBlockContainer1436" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:673px;height:68px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a171186" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Product </div><div id="a171188" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:122.475px;top:0px;">Valuation and<div style="display:inline-block;width:4.4px"> </div>classification in the fair value hierarchy </div><div id="a171190" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:21.8px;">Financial liabilities </div><div id="a171191" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:33.6px;">related to unit-</div><div id="a171195" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:45.9px;">linked investment </div><div id="a171196" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:57.7px;">contracts </div><div id="a171198" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:122.475px;top:22px;">Valuation </div><div id="a171200" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:217.555px;top:22px;">–</div><div id="a171201" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:222.755px;top:21.9px;"> </div><div id="a171202" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:228.942px;top:22px;">The<div style="display:inline-block;width:4.41px"> </div>fair values<div style="display:inline-block;width:4.81px"> </div>of investment<div style="display:inline-block;width:5.44px"> </div>contract liabilities<div style="display:inline-block;width:5.6px"> </div>are determined<div style="display:inline-block;width:5.14px"> </div>by reference<div style="display:inline-block;width:5.65px"> </div>to the<div style="display:inline-block;width:5.1px"> </div>fair<div style="display:inline-block;width:4.18px"> </div>value of<div style="display:inline-block;width:5.12px"> </div>the </div><div id="a171204" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:228.942px;top:33.8px;">corresponding assets. </div></div><div id="TextBlockContainer1438" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:691px;height:859px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a171206" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:133.352px;top:0px;">Fair value </div><div id="a171207" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:133.352px;top:11.8px;">hierarchy </div><div id="a171209" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:228.432px;top:0px;">–</div><div id="a171210" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:233.632px;top:-0.1px;"> </div><div id="a171211" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:239.819px;top:0px;">The<div style="display:inline-block;width:4.88px"> </div>liabilities<div style="display:inline-block;width:4.33px"> </div>themselves<div style="display:inline-block;width:4.73px"> </div>are<div style="display:inline-block;width:4.44px"> </div>not actively<div style="display:inline-block;width:5.92px"> </div>traded,<div style="display:inline-block;width:4.3px"> </div>but<div style="display:inline-block;width:4.55px"> </div>are<div style="display:inline-block;width:4.44px"> </div>mainly<div style="display:inline-block;width:4.1px"> </div>referenced<div style="display:inline-block;width:4.78px"> </div>to<div style="display:inline-block;width:4.41px"> </div>instruments<div style="display:inline-block;width:4.72px"> </div>that<div style="display:inline-block;width:4.18px"> </div>are </div><div id="a171216" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:239.819px;top:11.8px;">actively traded and are therefore classified<div style="display:inline-block;width:4.41px"> </div>as Level 2. </div><div id="a171220" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:35.2px;">Precious metals and </div><div id="a171221" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:47.6px;">other physical </div><div id="a171222" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:59.4px;">commodities </div><div id="a171224" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:133.352px;top:35.5px;">Valuation </div><div id="a171226" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:228.432px;top:35.5px;">–</div><div id="a171227" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:233.632px;top:35.4px;"> </div><div id="a171228" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:239.819px;top:35.5px;">Physical assets are valued using the<div style="display:inline-block;width:4.49px"> </div>spot rate observed in the relevant market<div style="display:inline-block;width:1.46px"> </div>. </div><div id="a171233" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:133.352px;top:59.1px;">Fair value </div><div id="a171234" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:133.352px;top:71.4px;">hierarchy </div><div id="a171236" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:228.432px;top:59.1px;">–</div><div id="a171237" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:233.632px;top:59px;"> </div><div id="a171238" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:239.819px;top:59.1px;">Generally traded in active markets<div style="display:inline-block;width:1.2px"> </div>with prices that can<div style="display:inline-block;width:0.86px"> </div>be obtained directly from<div style="display:inline-block;width:1.14px"> </div>these markets, resulting </div><div id="a171239" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:239.819px;top:71.4px;">in classification as Level 1. </div><div id="a171241" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:94.9px;">Debt issued </div><div id="a171243" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:106.7px;">designated at fair </div><div id="a171244" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:118.5px;">value </div><div id="a171246" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:133.352px;top:95.1px;">Valuation </div><div id="a171248" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:228.432px;top:95.1px;">–</div><div id="a171249" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:233.632px;top:95px;"> </div><div id="a171250" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:239.819px;top:95.1px;">The risk management<div style="display:inline-block;width:4.4px"> </div>and the valuation<div style="display:inline-block;width:4.17px"> </div>approaches for<div style="display:inline-block;width:4.37px"> </div>these instruments are<div style="display:inline-block;width:4.19px"> </div>closely aligned with<div style="display:inline-block;width:4.24px"> </div>the </div><div id="a171259" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:239.819px;top:106.9px;">equivalent<div style="display:inline-block;width:5.12px"> </div>derivatives<div style="display:inline-block;width:5.08px"> </div>business<div style="display:inline-block;width:4.39px"> </div>and<div style="display:inline-block;width:4.8px"> </div>the<div style="display:inline-block;width:4.65px"> </div>underlying<div style="display:inline-block;width:4.95px"> </div>risk,<div style="display:inline-block;width:4.28px"> </div>and<div style="display:inline-block;width:4.79px"> </div>the<div style="display:inline-block;width:4.65px"> </div>valuation<div style="display:inline-block;width:4.88px"> </div>techniques<div style="display:inline-block;width:4.79px"> </div>used<div style="display:inline-block;width:4.71px"> </div>for<div style="display:inline-block;width:4.41px"> </div>this </div><div id="a171264" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:239.819px;top:118.7px;">component are the same a<div style="display:inline-block;width:1.48px"> </div>s<div style="display:inline-block;width:2.76px"> </div>the relevant valuation techniques described below. </div><div id="a171271" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:133.352px;top:148.1px;">Fair value </div><div id="a171272" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:133.352px;top:160.4px;">hierarchy </div><div id="a171274" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:228.432px;top:148.1px;">–</div><div id="a171275" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:233.632px;top:148px;"> </div><div id="a171276" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:239.819px;top:148.1px;">The observability is closely aligned with<div style="display:inline-block;width:4.39px"> </div>the equivalent derivatives business and the underlying<div style="display:inline-block;width:4.75px"> </div>risk. </div><div id="a171284" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:179.6px;"> </div><div id="a171285" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:bold;font-style:normal;color:#E60000;left:3.679px;top:210.1px;">Derivative instruments: valuation<div style="display:inline-block;width:5.5px"> </div>and classification in the fair<div style="display:inline-block;width:5.24px"> </div>value hierarchy </div><div id="a171291" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:233.1px;">The curves used for discounting<div style="display:inline-block;width:2.31px"> </div>expected cash flows in<div style="display:inline-block;width:1.82px"> </div>the valuation of collateralized<div style="display:inline-block;width:2.1px"> </div>derivatives reflect the funding terms </div><div id="a171292" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:248.7px;">associated with the relevant collateral arrangement for the instrument being valued. These collateral arrangements differ </div><div id="a171294" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:263.8px;">across<div style="display:inline-block;width:7.75px"> </div>counterparties<div style="display:inline-block;width:7.98px"> </div>with<div style="display:inline-block;width:7.62px"> </div>respect<div style="display:inline-block;width:8.02px"> </div>to<div style="display:inline-block;width:7.62px"> </div>the<div style="display:inline-block;width:7.62px"> </div>eligible<div style="display:inline-block;width:8.03px"> </div>currency </div><div id="a171295" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:364.259px;top:263.8px;">and</div><div id="a171296" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:386.006px;top:263.8px;"> </div><div id="a171297" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:393.606px;top:263.8px;">interest<div style="display:inline-block;width:7.97px"> </div>terms<div style="display:inline-block;width:8.1px"> </div>of<div style="display:inline-block;width:7.62px"> </div>the<div style="display:inline-block;width:7.62px"> </div>collateral.<div style="display:inline-block;width:7.52px"> </div>The<div style="display:inline-block;width:7.77px"> </div>majority<div style="display:inline-block;width:7.84px"> </div>of </div><div id="a171298" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:279px;">collateralized derivatives are<div style="display:inline-block;width:5.52px"> </div>measured using a discount<div style="display:inline-block;width:5.9px"> </div>curve based on<div style="display:inline-block;width:5.21px"> </div>funding rates derived from overnight<div style="display:inline-block;width:5.52px"> </div>interest in </div><div id="a171300" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:294.6px;">the cheapest eligible currency for the<div style="display:inline-block;width:5.06px"> </div>respective counterparty<div style="display:inline-block;width:5.24px"> </div>collateral agreement. </div><div id="a171302" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:317.3px;">Uncollateralized and<div style="display:inline-block;width:6.29px"> </div>partially collateralized<div style="display:inline-block;width:5.85px"> </div>derivatives are<div style="display:inline-block;width:5.67px"> </div>discounted<div style="display:inline-block;width:5.33px"> </div>using the<div style="display:inline-block;width:5.72px"> </div>alternative reference<div style="display:inline-block;width:5.36px"> </div>rate (the<div style="display:inline-block;width:6.2px"> </div>ARR) (or </div><div id="a171308" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:332.4px;">equivalent)<div style="display:inline-block;width:5.35px"> </div>curve for<div style="display:inline-block;width:6.26px"> </div>the<div style="display:inline-block;width:5.25px"> </div>currency of<div style="display:inline-block;width:6.5px"> </div>the<div style="display:inline-block;width:5.25px"> </div>instrument.<div style="display:inline-block;width:5.24px"> </div>As<div style="display:inline-block;width:5.4px"> </div>described<div style="display:inline-block;width:5.4px"> </div>in<div style="display:inline-block;width:5.08px"> </div>Note<div style="display:inline-block;width:5.4px"> </div>20d,<div style="display:inline-block;width:5.04px"> </div>the fair<div style="display:inline-block;width:5.92px"> </div>value<div style="display:inline-block;width:5.14px"> </div>of<div style="display:inline-block;width:5.25px"> </div>uncollateralized<div style="display:inline-block;width:5.36px"> </div>and </div><div id="a171317" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:348px;">partially<div style="display:inline-block;width:5.06px"> </div>collateralized derivatives<div style="display:inline-block;width:6.75px"> </div>is<div style="display:inline-block;width:5.15px"> </div>then adjusted<div style="display:inline-block;width:6.43px"> </div>by<div style="display:inline-block;width:5.39px"> </div>credit<div style="display:inline-block;width:5.03px"> </div>valuation<div style="display:inline-block;width:5.24px"> </div>adjustments<div style="display:inline-block;width:5.34px"> </div>(CVAs),<div style="display:inline-block;width:5.73px"> </div>debit valuation<div style="display:inline-block;width:5.97px"> </div>adjustments </div><div id="a171323" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:363.2px;">(DVAs)<div style="display:inline-block;width:5.43px"> </div>and<div style="display:inline-block;width:5.13px"> </div>funding valuation<div style="display:inline-block;width:6.1px"> </div>adjustments (<div style="display:inline-block;width:1.42px"> </div>FVAs),<div style="display:inline-block;width:5.17px"> </div>as applicable,<div style="display:inline-block;width:6.5px"> </div>to reflect<div style="display:inline-block;width:6.25px"> </div>an estimation<div style="display:inline-block;width:6.71px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>effect of<div style="display:inline-block;width:6.35px"> </div>counterparty </div><div id="a171333" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:378.3px;">credit risk, UBS’s own credit risk, and<div style="display:inline-block;width:5.4px"> </div>funding costs and benefits. </div><div id="a171338" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:18.812px;top:390.5px;">›</div><div id="a171339" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:24.014px;top:390.7px;"> </div><div id="a171340" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:30.194px;top:395.3px;">Refer to Note 10<div style="display:inline-block;width:1.6px"> </div>for more information<div style="display:inline-block;width:1.18px"> </div>about derivative<div style="display:inline-block;width:1.5px"> </div>instruments </div><div id="a171352" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:408.6px;"> </div><div id="a171353" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:429.3px;">Derivative product </div><div id="a171356" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:125.752px;top:429.3px;">Valuation and<div style="display:inline-block;width:4.4px"> </div>classification in the fair value hierarchy </div><div id="a171358" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:451.1px;">Interest rate </div><div id="a171359" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:462.9px;">contracts </div><div id="a171361" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:125.752px;top:451.3px;">Valuation </div><div id="a171363" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.192px;top:451.3px;">–</div><div id="a171364" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.392px;top:451.2px;"> </div><div id="a171365" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:451.3px;">Interest rate swap contracts are valued by estimating future interest cash flows and discounting those cash </div><div id="a171366" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:463.2px;">flows using<div style="display:inline-block;width:5.41px"> </div>a rate<div style="display:inline-block;width:4.58px"> </div>that reflects<div style="display:inline-block;width:4.84px"> </div>the appropriate<div style="display:inline-block;width:5.44px"> </div>funding rate<div style="display:inline-block;width:4.79px"> </div>for the<div style="display:inline-block;width:4.41px"> </div>position<div style="display:inline-block;width:4.16px"> </div>being<div style="display:inline-block;width:4.16px"> </div>measured. The<div style="display:inline-block;width:4.97px"> </div>yield </div><div id="a171367" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:475.5px;">curves used<div style="display:inline-block;width:4.33px"> </div>to estimate<div style="display:inline-block;width:4.1px"> </div>future index levels<div style="display:inline-block;width:4.49px"> </div>and discount<div style="display:inline-block;width:4.46px"> </div>rates are generated<div style="display:inline-block;width:4.51px"> </div>using market-standard<div style="display:inline-block;width:4.62px"> </div>yield </div><div id="a171372" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:487.3px;">curve models using interest rates associated<div style="display:inline-block;width:4.49px"> </div>with current market activity. The key<div style="display:inline-block;width:4.12px"> </div>inputs to the models are </div><div id="a171373" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:499.1px;">interest rate<div style="display:inline-block;width:4.29px"> </div>swap rates, forward<div style="display:inline-block;width:4.26px"> </div>rate agreement<div style="display:inline-block;width:4.19px"> </div>rates, short-term interest<div style="display:inline-block;width:4.63px"> </div>rate futures prices,<div style="display:inline-block;width:4.11px"> </div>basis swap </div><div id="a171380" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:511.4px;">spreads and inflation swap rates. </div><div id="a171382" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.192px;top:523.3px;">–</div><div id="a171383" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.392px;top:523.2px;"> </div><div id="a171384" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:523.3px;">Interest rate<div style="display:inline-block;width:4.76px"> </div>option contracts<div style="display:inline-block;width:4.32px"> </div>are valued<div style="display:inline-block;width:4.35px"> </div>using various<div style="display:inline-block;width:4.39px"> </div>market-standard option<div style="display:inline-block;width:4.9px"> </div>models, using<div style="display:inline-block;width:4.38px"> </div>inputs that </div><div id="a171387" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:535.1px;">include interest rate yield curves,<div style="display:inline-block;width:4.12px"> </div>inflation curves, volatilities and correlations. </div><div id="a171389" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.192px;top:547.4px;">–</div><div id="a171390" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.392px;top:547.3px;"> </div><div id="a171391" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:547.4px;">When the maturity of an interest rate swap or option contract<div style="display:inline-block;width:0.97px"> </div>exceeds the term for which standard market </div><div id="a171393" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:559.2px;">quotes are observable for a significant input parameter, the contracts are valued by extrapolation<div style="display:inline-block;width:4.53px"> </div>from the </div><div id="a171394" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:571.5px;">last observable point using<div style="display:inline-block;width:4.21px"> </div>standard assumptions or by reference to<div style="display:inline-block;width:4.21px"> </div>another observable comparable input </div><div id="a171396" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:583.3px;">parameter to represent a<div style="display:inline-block;width:4.22px"> </div>suitable proxy for that portion of the term. </div><div id="a171398" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:125.752px;top:603.7px;">Fair value </div><div id="a171399" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:125.752px;top:615.5px;">hierarchy </div><div id="a171401" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.192px;top:603.7px;">–</div><div id="a171402" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.392px;top:603.6px;"> </div><div id="a171403" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:603.7px;">The majority of interest rate swaps are classified as Level 2,<div style="display:inline-block;width:3.27px"> </div>as the standard market contracts that form the </div><div id="a171409" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:615.5px;">inputs for yield curve models are<div style="display:inline-block;width:4.18px"> </div>generally traded in active and observable<div style="display:inline-block;width:4.15px"> </div>markets. </div><div id="a171411" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.192px;top:627.8px;">–</div><div id="a171412" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.392px;top:627.7px;"> </div><div id="a171413" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:627.8px;">Options are generally treated as Level 2,<div style="display:inline-block;width:0.87px"> </div>as the calibration process enables<div style="display:inline-block;width:1.25px"> </div>the model output to<div style="display:inline-block;width:0.91px"> </div>be validated </div><div id="a171419" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:639.6px;">to active-market levels. Models calibrated<div style="display:inline-block;width:1.07px"> </div>in this way are<div style="display:inline-block;width:0.88px"> </div>then used to<div style="display:inline-block;width:1.31px"> </div>revalue the portfolio of<div style="display:inline-block;width:0.87px"> </div>both standard </div><div id="a171423" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:651.5px;">options and more exotic products. </div><div id="a171425" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.192px;top:663.8px;">–</div><div id="a171426" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.392px;top:663.7px;"> </div><div id="a171427" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:663.8px;">Interest<div style="display:inline-block;width:4.2px"> </div>rate swap<div style="display:inline-block;width:4.49px"> </div>or option<div style="display:inline-block;width:4.79px"> </div>contracts are<div style="display:inline-block;width:4.68px"> </div>classified as<div style="display:inline-block;width:4.8px"> </div>Level 3 when<div style="display:inline-block;width:4.96px"> </div>the terms<div style="display:inline-block;width:4.25px"> </div>exceed standard<div style="display:inline-block;width:4.98px"> </div>market-</div><div id="a171434" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:675.6px;">observable quotes. </div><div id="a171436" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.192px;top:687.4px;">–</div><div id="a171437" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.392px;top:687.3px;"> </div><div id="a171438" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:687.4px;">Exotic options for which appropriate volatility or correlation input levels cannot be implied from observable </div><div id="a171440" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:699.7px;">market data are classified as Level<div style="display:inline-block;width:4.47px"> </div>3. </div><div id="a171444" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:719.8px;">Credit derivative </div><div id="a171445" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:731.6px;">contracts </div><div id="a171447" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:125.752px;top:720.1px;">Valuation </div><div id="a171449" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.192px;top:720.1px;">–</div><div id="a171450" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.392px;top:719.9px;"> </div><div id="a171451" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:720.1px;">Credit<div style="display:inline-block;width:4.51px"> </div>derivative<div style="display:inline-block;width:4.66px"> </div>contracts<div style="display:inline-block;width:4.42px"> </div>are<div style="display:inline-block;width:4.44px"> </div>valued<div style="display:inline-block;width:4.09px"> </div>using<div style="display:inline-block;width:4.32px"> </div>industry-standard<div style="display:inline-block;width:4.89px"> </div>models<div style="display:inline-block;width:4.17px"> </div>based<div style="display:inline-block;width:4.48px"> </div>primarily<div style="display:inline-block;width:4.27px"> </div>on market<div style="display:inline-block;width:6.07px"> </div>credit </div><div id="a171454" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:731.9px;">spreads, upfront<div style="display:inline-block;width:4.11px"> </div>pricing points and<div style="display:inline-block;width:4.22px"> </div>implied recovery rates.<div style="display:inline-block;width:4.13px"> </div>Where a derivative<div style="display:inline-block;width:4.53px"> </div>credit spread is not directly </div><div id="a171455" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:743.7px;">available, it may be derived from<div style="display:inline-block;width:4.13px"> </div>the price of the reference cash bond.<div style="display:inline-block;width:3.68px"> </div></div><div id="a171457" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.192px;top:756px;">–</div><div id="a171458" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.392px;top:755.9px;"> </div><div id="a171459" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:756px;">Asset-backed<div style="display:inline-block;width:4.76px"> </div>credit derivatives<div style="display:inline-block;width:5.27px"> </div>are valued<div style="display:inline-block;width:5.3px"> </div>using a<div style="display:inline-block;width:5.1px"> </div>valuation<div style="display:inline-block;width:4.41px"> </div>technique similar<div style="display:inline-block;width:5.35px"> </div>to that<div style="display:inline-block;width:5.36px"> </div>of the<div style="display:inline-block;width:4.88px"> </div>underlying </div><div id="a171463" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:767.9px;">security with an adjustment to reflect<div style="display:inline-block;width:4.12px"> </div>the funding differences between<div style="display:inline-block;width:4.18px"> </div>cash and synthetic form. </div><div id="a171465" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:125.752px;top:788.2px;">Fair value </div><div id="a171466" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:125.752px;top:800px;">hierarchy </div><div id="a171468" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.192px;top:788.2px;">–</div><div id="a171469" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.392px;top:788.1px;"> </div><div id="a171470" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:788.2px;">Single-entity<div style="display:inline-block;width:4.85px"> </div>and<div style="display:inline-block;width:4.8px"> </div>portfolio<div style="display:inline-block;width:4.72px"> </div>credit<div style="display:inline-block;width:4.36px"> </div>derivative<div style="display:inline-block;width:4.76px"> </div>contracts<div style="display:inline-block;width:4.42px"> </div>are<div style="display:inline-block;width:4.44px"> </div>classified<div style="display:inline-block;width:4.57px"> </div>as<div style="display:inline-block;width:4.41px"> </div>Level 2<div style="display:inline-block;width:4.9px"> </div>when<div style="display:inline-block;width:4.16px"> </div>credit<div style="display:inline-block;width:4.36px"> </div>spreads<div style="display:inline-block;width:4.58px"> </div>and </div><div id="a171476" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:800px;">recovery rates are determined from actively<div style="display:inline-block;width:0.97px"> </div>traded observable market data. Where the<div style="display:inline-block;width:0.95px"> </div>underlying reference </div><div id="a171477" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:812.3px;">name(s) are<div style="display:inline-block;width:4.51px"> </div>not actively traded<div style="display:inline-block;width:4.89px"> </div>and the<div style="display:inline-block;width:4.32px"> </div>correlation cannot<div style="display:inline-block;width:4.27px"> </div>be directly mapped<div style="display:inline-block;width:4.66px"> </div>to actively<div style="display:inline-block;width:4.14px"> </div>traded<div style="display:inline-block;width:4.09px"> </div>tranche </div><div id="a171479" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:824.2px;">instruments, these contracts are classified<div style="display:inline-block;width:4.43px"> </div>as Level 3.<div style="display:inline-block;width:2.92px"> </div></div><div id="a171483" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.192px;top:836.5px;">–</div><div id="a171484" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.392px;top:836.3px;"> </div><div id="a171485" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:836.5px;">Asset-backed<div style="display:inline-block;width:5.71px"> </div>credit<div style="display:inline-block;width:4.84px"> </div>derivatives<div style="display:inline-block;width:5.06px"> </div>follow<div style="display:inline-block;width:4.72px"> </div>the<div style="display:inline-block;width:5.12px"> </div>characteristics<div style="display:inline-block;width:4.83px"> </div>of<div style="display:inline-block;width:4.88px"> </div>the<div style="display:inline-block;width:5.12px"> </div>underlying<div style="display:inline-block;width:4.95px"> </div>security<div style="display:inline-block;width:4.9px"> </div>and<div style="display:inline-block;width:4.8px"> </div>are<div style="display:inline-block;width:4.91px"> </div>therefore </div><div id="a171488" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.539px;top:848.3px;">distributed across Level 2 and<div style="display:inline-block;width:4.16px"> </div>Level 3.</div></div><div id="TextBlockContainer1440" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:673px;height:128px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a171535" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Derivative product </div><div id="a171537" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:115.342px;top:0px;">Valuation and<div style="display:inline-block;width:4.4px"> </div>classification in the fair value hierarchy </div><div id="a171539" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:21.8px;">Foreign exchange </div><div id="a171540" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:33.6px;">contracts </div><div id="a171542" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:115.342px;top:22px;">Valuation </div><div id="a171544" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:204.795px;top:22px;">–</div><div id="a171545" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:209.995px;top:21.9px;"> </div><div id="a171546" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:216.142px;top:22px;">Open spot foreign exchange<div style="display:inline-block;width:4.26px"> </div>(FX) contracts are valued using the FX spot rate observed<div style="display:inline-block;width:4.25px"> </div>in the market. </div><div id="a171553" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:204.795px;top:33.8px;">–</div><div id="a171554" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:209.995px;top:33.7px;"> </div><div id="a171555" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:216.142px;top:33.8px;">Forward FX contracts are<div style="display:inline-block;width:4.24px"> </div>valued using the FX spot rate<div style="display:inline-block;width:4.62px"> </div>adjusted for forward pricing points<div style="display:inline-block;width:4.63px"> </div>observed from </div><div id="a171556" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:216.142px;top:46.1px;">standard market-based<div style="display:inline-block;width:4.25px"> </div>sources. </div><div id="a171560" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:204.795px;top:58px;">–</div><div id="a171561" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:209.995px;top:57.9px;"> </div><div id="a171562" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:216.142px;top:58px;">Over-the-counter<div style="display:inline-block;width:4.36px"> </div>(OTC)<div style="display:inline-block;width:3.61px"> </div>FX option<div style="display:inline-block;width:5.03px"> </div>contracts are<div style="display:inline-block;width:5.15px"> </div>valued<div style="display:inline-block;width:4.2px"> </div>using market-standard<div style="display:inline-block;width:5.47px"> </div>option valuation<div style="display:inline-block;width:5.25px"> </div>models. </div><div id="a171575" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:216.142px;top:69.8px;">The models<div style="display:inline-block;width:4.4px"> </div>used for shorter-dated<div style="display:inline-block;width:4.48px"> </div>options (i.e.,<div style="display:inline-block;width:4.31px"> </div>maturities of five<div style="display:inline-block;width:4.5px"> </div>years or less)<div style="display:inline-block;width:4.18px"> </div>tend to be<div style="display:inline-block;width:4.55px"> </div>different than </div><div id="a171578" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:216.142px;top:82.1px;">those used for longer-dated options because the models<div style="display:inline-block;width:1.38px"> </div>needed for longer-dated OTC FX<div style="display:inline-block;width:1.09px"> </div>contracts require </div><div id="a171584" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:216.142px;top:93.9px;">additional consideration of<div style="display:inline-block;width:4.14px"> </div>interest rate and FX rate interdependency. </div><div id="a171586" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:204.795px;top:105.8px;">–</div><div id="a171587" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:209.995px;top:105.7px;"> </div><div id="a171588" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:216.142px;top:105.8px;">The valuation for multi-dimensional FX options uses a multi-local volatility model, which is<div style="display:inline-block;width:1.19px"> </div>calibrated to the </div><div id="a171593" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:216.142px;top:118.1px;">observed FX volatilities for all relevant<div style="display:inline-block;width:4.44px"> </div>FX pairs. </div></div><div id="TextBlockContainer1442" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:691px;height:719px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a171595" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.219px;top:0px;">Fair value </div><div id="a171597" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.219px;top:11.8px;">hierarchy </div><div id="a171599" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.672px;top:0px;">–</div><div id="a171600" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.872px;top:-0.1px;"> </div><div id="a171601" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:0px;">The<div style="display:inline-block;width:5.35px"> </div>markets<div style="display:inline-block;width:4.66px"> </div>for<div style="display:inline-block;width:4.89px"> </div>FX<div style="display:inline-block;width:4.66px"> </div>spot<div style="display:inline-block;width:4.48px"> </div>and<div style="display:inline-block;width:4.8px"> </div>FX<div style="display:inline-block;width:4.66px"> </div>forward<div style="display:inline-block;width:4.83px"> </div>pricing<div style="display:inline-block;width:4.88px"> </div>points<div style="display:inline-block;width:4.79px"> </div>are<div style="display:inline-block;width:5.1px"> </div>both<div style="display:inline-block;width:4.71px"> </div>actively<div style="display:inline-block;width:4.59px"> </div>traded<div style="display:inline-block;width:5.04px"> </div>and<div style="display:inline-block;width:4.8px"> </div>observable<div style="display:inline-block;width:4.88px"> </div>and </div><div id="a171604" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:11.8px;">therefore such FX contracts are generally<div style="display:inline-block;width:4.34px"> </div>classified as Level 2.<div style="display:inline-block;width:3.21px"> </div></div><div id="a171610" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.672px;top:23.7px;">–</div><div id="a171611" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.872px;top:23.5px;"> </div><div id="a171612" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:23.7px;">A significant<div style="display:inline-block;width:4.8px"> </div>proportion of<div style="display:inline-block;width:4.33px"> </div>OTC FX option<div style="display:inline-block;width:4.79px"> </div>contracts are<div style="display:inline-block;width:4.21px"> </div>classified as Level<div style="display:inline-block;width:4.45px"> </div>2 as inputs<div style="display:inline-block;width:4.31px"> </div>are derived<div style="display:inline-block;width:4.83px"> </div>mostly </div><div id="a171615" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:35.9px;">from standard market<div style="display:inline-block;width:4.14px"> </div>contracts traded in active and observable markets. </div><div id="a171617" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.672px;top:47.8px;">–</div><div id="a171618" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.872px;top:47.7px;"> </div><div id="a171619" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:47.8px;">OTC FX option contracts<div style="display:inline-block;width:1.25px"> </div>classified as Level 3 include<div style="display:inline-block;width:1.3px"> </div>multi-dimensional FX options and long-dated FX<div style="display:inline-block;width:0.69px"> </div>exotic </div><div id="a171626" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:60.1px;">option contracts where<div style="display:inline-block;width:4.1px"> </div>there is no active market from which to derive<div style="display:inline-block;width:4.28px"> </div>volatility or correlation inputs. </div><div id="a171629" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:79.7px;">Equity / index </div><div id="a171630" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:92px;">contracts </div><div id="a171632" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.219px;top:80px;">Valuation </div><div id="a171634" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.672px;top:80px;">–</div><div id="a171635" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.872px;top:79.9px;"> </div><div id="a171636" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:80px;">Equity<div style="display:inline-block;width:4.33px"> </div>forward contracts<div style="display:inline-block;width:5.07px"> </div>have a<div style="display:inline-block;width:5.04px"> </div>single stock<div style="display:inline-block;width:5.27px"> </div>or index<div style="display:inline-block;width:4.56px"> </div>underlying and<div style="display:inline-block;width:5.09px"> </div>are<div style="display:inline-block;width:4.44px"> </div>valued using<div style="display:inline-block;width:4.7px"> </div>market-standard </div><div id="a171639" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:92.3px;">models. The key<div style="display:inline-block;width:4.4px"> </div>inputs to the<div style="display:inline-block;width:4.55px"> </div>models are stock<div style="display:inline-block;width:4.19px"> </div>prices, estimated dividend<div style="display:inline-block;width:4.64px"> </div>rates and equity<div style="display:inline-block;width:4.48px"> </div>funding rates </div><div id="a171640" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:104.1px;">(which are implied from prices of forward contracts observed in the market). Estimated cash<div style="display:inline-block;width:1.34px"> </div>flows are then </div><div id="a171642" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:116.4px;">discounted using<div style="display:inline-block;width:4.37px"> </div>market-standard discounted cash<div style="display:inline-block;width:4.71px"> </div>flow models using a<div style="display:inline-block;width:4.38px"> </div>rate that reflects the<div style="display:inline-block;width:4.45px"> </div>appropriate </div><div id="a171645" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:128.2px;">funding rate for that portion of<div style="display:inline-block;width:1.38px"> </div>the portfolio. When no market<div style="display:inline-block;width:1.23px"> </div>data is available for the<div style="display:inline-block;width:0.62px"> </div>instrument maturity, </div><div id="a171647" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:140px;">they are<div style="display:inline-block;width:5.7px"> </div>valued<div style="display:inline-block;width:4.09px"> </div>by extrapolation<div style="display:inline-block;width:5.35px"> </div>of available<div style="display:inline-block;width:5.44px"> </div>data, use<div style="display:inline-block;width:5.35px"> </div>of historical<div style="display:inline-block;width:5.28px"> </div>dividend data,<div style="display:inline-block;width:5.1px"> </div>or use<div style="display:inline-block;width:5.27px"> </div>of data<div style="display:inline-block;width:5.12px"> </div>for a </div><div id="a171648" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:152.3px;">related equity.<div style="display:inline-block;width:3.36px"> </div></div><div id="a171650" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.672px;top:164.2px;">–</div><div id="a171651" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.872px;top:164.1px;"> </div><div id="a171652" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:164.2px;">Equity option contracts are valued using market-standard<div style="display:inline-block;width:4.61px"> </div>models that estimate the equity forward level as </div><div id="a171655" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:176px;">described<div style="display:inline-block;width:5.59px"> </div>for<div style="display:inline-block;width:4.92px"> </div>equity<div style="display:inline-block;width:5.28px"> </div>forward<div style="display:inline-block;width:5.3px"> </div>contracts<div style="display:inline-block;width:4.89px"> </div>and<div style="display:inline-block;width:5.27px"> </div>incorporate<div style="display:inline-block;width:5.35px"> </div>inputs<div style="display:inline-block;width:4.79px"> </div>for<div style="display:inline-block;width:5.36px"> </div>stock<div style="display:inline-block;width:4.89px"> </div>volatility<div style="display:inline-block;width:4.98px"> </div>and<div style="display:inline-block;width:5.27px"> </div>for<div style="display:inline-block;width:4.89px"> </div>correlation </div><div id="a171657" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:188.3px;">between<div style="display:inline-block;width:5.59px"> </div>stocks<div style="display:inline-block;width:4.81px"> </div>within<div style="display:inline-block;width:5.19px"> </div>a<div style="display:inline-block;width:4.97px"> </div>basket.<div style="display:inline-block;width:5.12px"> </div>The<div style="display:inline-block;width:4.88px"> </div>probability-weighted<div style="display:inline-block;width:5.75px"> </div>expected<div style="display:inline-block;width:4.97px"> </div>option<div style="display:inline-block;width:5.02px"> </div>payoff<div style="display:inline-block;width:5.3px"> </div>generated<div style="display:inline-block;width:5.19px"> </div>is<div style="display:inline-block;width:4.81px"> </div>then </div><div id="a171660" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:200.1px;">discounted<div style="display:inline-block;width:7.07px"> </div>using<div style="display:inline-block;width:6.21px"> </div>market-standard<div style="display:inline-block;width:6.82px"> </div>discounted<div style="display:inline-block;width:7.07px"> </div>cash<div style="display:inline-block;width:6.3px"> </div>flow<div style="display:inline-block;width:6.3px"> </div>models<div style="display:inline-block;width:6.53px"> </div>applying<div style="display:inline-block;width:6.77px"> </div>a<div style="display:inline-block;width:6.38px"> </div>rate<div style="display:inline-block;width:6.15px"> </div>that<div style="display:inline-block;width:6.54px"> </div>reflects<div style="display:inline-block;width:6.26px"> </div>the </div><div id="a171664" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:212.4px;">appropriate funding rate for that portion of the portfolio. When volatility, forward or correlation inputs are </div><div id="a171665" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:224.3px;">not<div style="display:inline-block;width:5.04px"> </div>available,<div style="display:inline-block;width:4.81px"> </div>they<div style="display:inline-block;width:4.5px"> </div>are<div style="display:inline-block;width:4.91px"> </div>valued<div style="display:inline-block;width:5.04px"> </div>using<div style="display:inline-block;width:4.32px"> </div>extrapolation<div style="display:inline-block;width:5.27px"> </div>of<div style="display:inline-block;width:4.41px"> </div>available<div style="display:inline-block;width:5.2px"> </div>data,<div style="display:inline-block;width:4.49px"> </div>historical<div style="display:inline-block;width:5.04px"> </div>dividend,<div style="display:inline-block;width:4.87px"> </div>correlation<div style="display:inline-block;width:4.59px"> </div>or </div><div id="a171666" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:236.1px;">volatility data, or the equivalent<div style="display:inline-block;width:4.12px"> </div>data for a related equity. </div><div id="a171670" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.219px;top:256.4px;">Fair value </div><div id="a171671" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.219px;top:268.7px;">hierarchy </div><div id="a171673" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.672px;top:256.4px;">–</div><div id="a171674" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.872px;top:256.3px;"> </div><div id="a171675" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:256.4px;">As inputs<div style="display:inline-block;width:4.31px"> </div>are derived<div style="display:inline-block;width:4.83px"> </div>mostly from standard<div style="display:inline-block;width:5.4px"> </div>market contracts traded<div style="display:inline-block;width:5.37px"> </div>in active<div style="display:inline-block;width:4.5px"> </div>and observable<div style="display:inline-block;width:4.55px"> </div>markets, a </div><div id="a171676" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:268.7px;">significant proportion of equity forward<div style="display:inline-block;width:4.26px"> </div>contracts are classified as Level 2.<div style="display:inline-block;width:3.84px"> </div></div><div id="a171681" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.672px;top:280.6px;">–</div><div id="a171682" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.872px;top:280.5px;"> </div><div id="a171683" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:280.6px;">Equity option<div style="display:inline-block;width:4.23px"> </div>positions for<div style="display:inline-block;width:4.31px"> </div>which inputs are<div style="display:inline-block;width:4.34px"> </div>derived from standard<div style="display:inline-block;width:4.44px"> </div>market contracts traded<div style="display:inline-block;width:4.42px"> </div>in active and </div><div id="a171684" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:292.4px;">observable markets are also classified as Level 2.<div style="display:inline-block;width:4.32px"> </div>Level 3 positions are those for which volatility, forward or </div><div id="a171689" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:304.7px;">correlation inputs are not ob<div style="display:inline-block;width:1.6px"> </div>servable. </div><div id="a171692" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:324.3px;">Commodity </div><div id="a171693" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:336.6px;">contracts </div><div id="a171695" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.219px;top:324.5px;">Valuation </div><div id="a171697" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.672px;top:324.5px;">–</div><div id="a171698" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.872px;top:324.4px;"> </div><div id="a171699" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:324.5px;">Commodity<div style="display:inline-block;width:4.25px"> </div>forward<div style="display:inline-block;width:4.83px"> </div>and<div style="display:inline-block;width:4.32px"> </div>swap<div style="display:inline-block;width:4.4px"> </div>contracts are<div style="display:inline-block;width:5.63px"> </div>measured<div style="display:inline-block;width:4.19px"> </div>using<div style="display:inline-block;width:4.32px"> </div>market-standard<div style="display:inline-block;width:4.54px"> </div>models<div style="display:inline-block;width:4.64px"> </div>that use<div style="display:inline-block;width:5.51px"> </div>market </div><div id="a171702" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:336.8px;">forward levels on standard<div style="display:inline-block;width:4.12px"> </div>instruments.<div style="display:inline-block;width:2.56px"> </div></div><div id="a171704" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.672px;top:348.7px;">–</div><div id="a171705" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.872px;top:348.6px;"> </div><div id="a171706" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:348.7px;">Commodity<div style="display:inline-block;width:5.67px"> </div>option<div style="display:inline-block;width:6.44px"> </div>contracts<div style="display:inline-block;width:5.37px"> </div>are<div style="display:inline-block;width:5.86px"> </div>measured<div style="display:inline-block;width:5.61px"> </div>using<div style="display:inline-block;width:5.26px"> </div>market-standard<div style="display:inline-block;width:6.41px"> </div>option<div style="display:inline-block;width:5.5px"> </div>models<div style="display:inline-block;width:5.59px"> </div>that<div style="display:inline-block;width:5.6px"> </div>estimate<div style="display:inline-block;width:5.76px"> </div>the </div><div id="a171709" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:361px;">commodity forward<div style="display:inline-block;width:5.22px"> </div>level as<div style="display:inline-block;width:4.75px"> </div>described<div style="display:inline-block;width:4.17px"> </div>for commodity<div style="display:inline-block;width:4.34px"> </div>forward and<div style="display:inline-block;width:4.97px"> </div>swap contracts,<div style="display:inline-block;width:4.73px"> </div>incorporating<div style="display:inline-block;width:4.16px"> </div>inputs </div><div id="a171712" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:372.8px;">for the volatility of the underlying index or commodity. For commodity options<div style="display:inline-block;width:4.5px"> </div>on baskets of commodities </div><div id="a171713" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:384.6px;">or<div style="display:inline-block;width:5.36px"> </div>bespoke<div style="display:inline-block;width:5.81px"> </div>commodity<div style="display:inline-block;width:5.05px"> </div>indices,<div style="display:inline-block;width:5.9px"> </div>the<div style="display:inline-block;width:5.59px"> </div>valuation<div style="display:inline-block;width:5.83px"> </div>technique<div style="display:inline-block;width:5.35px"> </div>also<div style="display:inline-block;width:5.67px"> </div>incorporates<div style="display:inline-block;width:5.74px"> </div>inputs<div style="display:inline-block;width:5.49px"> </div>for<div style="display:inline-block;width:5.36px"> </div>the<div style="display:inline-block;width:5.59px"> </div>correlation </div><div id="a171715" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:396.9px;">between different commodities or<div style="display:inline-block;width:4.28px"> </div>commodity indices. </div><div id="a171717" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.219px;top:417.3px;">Fair value </div><div id="a171718" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.219px;top:429.1px;">hierarchy </div><div id="a171720" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:215.672px;top:417.3px;">–</div><div id="a171721" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:220.872px;top:417.2px;"> </div><div id="a171722" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:417.3px;">Individual<div style="display:inline-block;width:5.11px"> </div>commodity<div style="display:inline-block;width:4.1px"> </div>contracts<div style="display:inline-block;width:4.42px"> </div>are<div style="display:inline-block;width:4.91px"> </div>typically<div style="display:inline-block;width:4.67px"> </div>classified<div style="display:inline-block;width:5.04px"> </div>as<div style="display:inline-block;width:4.41px"> </div>Level 2,<div style="display:inline-block;width:5.08px"> </div>because<div style="display:inline-block;width:4.56px"> </div>active<div style="display:inline-block;width:4.59px"> </div>forward<div style="display:inline-block;width:4.35px"> </div>and<div style="display:inline-block;width:4.8px"> </div>volatility </div><div id="a171728" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:227.019px;top:429.1px;">market data is available. </div><div id="a171730" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:456.4px;"> </div><div id="a171731" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:bold;font-style:normal;color:#9A3D37;left:3.679px;top:471.7px;">d) Valuation adjustments and other items </div><div id="a171733" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:498.9px;">The output of<div style="display:inline-block;width:1.91px"> </div>a valuation<div style="display:inline-block;width:2.04px"> </div>technique is always<div style="display:inline-block;width:1.77px"> </div>an estimate of<div style="display:inline-block;width:1.84px"> </div>a fair value<div style="display:inline-block;width:1.59px"> </div>that cannot be<div style="display:inline-block;width:1.98px"> </div>measured with complete<div style="display:inline-block;width:2.33px"> </div>certainty. </div><div id="a171734" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:514.1px;">As a result, valuations are adjusted<div style="display:inline-block;width:1.96px"> </div>where appropriate and when such factors<div style="display:inline-block;width:1.68px"> </div>would be considered by market participants </div><div id="a171738" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:529.2px;">in estimating fair value, to reflect close-out costs, credit exposure,<div style="display:inline-block;width:5.35px"> </div>model-driven valuation uncertainty,<div style="display:inline-block;width:5.52px"> </div>funding costs and </div><div id="a171745" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:544.8px;">benefits, trading restrictions and<div style="display:inline-block;width:5.51px"> </div>other factors.<div style="display:inline-block;width:4.31px"> </div></div><div id="a171747" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;color:#E60000;left:3.679px;top:567.5px;">Deferred day-1 profit or loss reserves </div><div id="a171754" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:582.7px;">For new transactions<div style="display:inline-block;width:6.45px"> </div>where the<div style="display:inline-block;width:5.75px"> </div>valuation technique<div style="display:inline-block;width:6.17px"> </div>used to<div style="display:inline-block;width:5.52px"> </div>measure fair<div style="display:inline-block;width:5.55px"> </div>value requires<div style="display:inline-block;width:6.2px"> </div>significant<div style="display:inline-block;width:5.04px"> </div>inputs that<div style="display:inline-block;width:5.13px"> </div>are not </div><div id="a171756" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:598.3px;">based on observable market data, the financial instrument is<div style="display:inline-block;width:5.03px"> </div>initially recognized<div style="display:inline-block;width:5.02px"> </div>at the transaction price. The transaction </div><div id="a171759" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:613.4px;">price may differ from the fair<div style="display:inline-block;width:5.08px"> </div>value obtained using a<div style="display:inline-block;width:5.09px"> </div>valuation technique, where<div style="display:inline-block;width:5.1px"> </div>any such difference is deferred and<div style="display:inline-block;width:5.2px"> </div>not </div><div id="a171761" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:628.6px;">initially recognized in the income statement.<div style="display:inline-block;width:5.9px"> </div></div><div id="a171763" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:651.7px;">Deferred day-1 profit or loss is<div style="display:inline-block;width:1.99px"> </div>generally released into </div><div id="a171766" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:italic;left:305.579px;top:651.5px;">Other net income from financial instruments measured at fair value </div><div id="a171767" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:italic;left:3.679px;top:666.6px;">through profit<div style="display:inline-block;width:5.85px"> </div>or loss</div><div id="a171768" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:127.166px;top:666.9px;"><div style="display:inline-block;width:4.76px"> </div>when pricing<div style="display:inline-block;width:5.42px"> </div>of equivalent<div style="display:inline-block;width:5.87px"> </div>products or<div style="display:inline-block;width:5.94px"> </div>the underlying<div style="display:inline-block;width:5.33px"> </div>parameters becomes<div style="display:inline-block;width:5.99px"> </div>observable or<div style="display:inline-block;width:6.02px"> </div>when </div><div id="a171771" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:682px;">the transaction is closed out. </div><div id="a171773" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:705.2px;">The table below summarizes the changes<div style="display:inline-block;width:5.36px"> </div>in deferred day-1 profit or loss<div style="display:inline-block;width:5.15px"> </div>reserves during the<div style="display:inline-block;width:5.03px"> </div>respective period.</div></div><div id="TextBlockContainer1445" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:106px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a171822" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Deferred day-1 profit<div style="display:inline-block;width:4.14px"> </div>or loss reserves </div><div id="a171830" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:15.3px;">USD m </div><div id="a171833" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:523.248px;top:15.3px;">2022 </div><div id="a171835" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:15.3px;">2021 </div><div id="a171837" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.542px;top:15.3px;">2020 </div><div id="a171839" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:30.9px;">Reserve balance at the beginning of the<div style="display:inline-block;width:3.79px"> </div>year </div><div id="a171842_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.982px;top:30.9px;">418</div><div id="a171845_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:30.9px;">269</div><div id="a171848_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:30.9px;">146</div><div id="a171851" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:47.5px;">Profit / (loss) deferred on new transactions </div><div id="a171854_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.982px;top:47.5px;">299</div><div id="a171857_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:47.5px;">459</div><div id="a171860_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:47.5px;">362</div><div id="a171863" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:63.6px;">(Profit) / loss recognized in the income statement </div><div id="a171867_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:523.248px;top:63.6px;display:flex;">(295)</div><div id="a171870_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:63.6px;display:flex;">(308)</div><div id="a171873_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.542px;top:63.6px;display:flex;">(238)</div><div id="a171876" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:80.1px;">Foreign currency translation </div><div id="a171879_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:537.902px;top:80.1px;">0</div><div id="a171882_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.862px;top:80.1px;display:flex;">(2)</div><div id="a171885_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.195px;top:80.1px;">0</div><div id="a171888" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:95.7px;">Reserve balance at the end of the year </div><div id="a171891_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.982px;top:95.7px;">422</div><div id="a171894_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:95.7px;">418</div><div id="a171897_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:95.7px;">269</div></div><div id="TextBlockContainer1448" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:241px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a171900" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Own credit<div style="display:inline-block;width:4.42px"> </div></div><div id="a171902" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">Own<div style="display:inline-block;width:5.4px"> </div>credit<div style="display:inline-block;width:5.5px"> </div>risk<div style="display:inline-block;width:5.47px"> </div>is<div style="display:inline-block;width:5.62px"> </div>reflected<div style="display:inline-block;width:5.82px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the<div style="display:inline-block;width:5.72px"> </div>valuation<div style="display:inline-block;width:5.24px"> </div>of<div style="display:inline-block;width:5.25px"> </div>UBS’s<div style="display:inline-block;width:5.71px"> </div>fair<div style="display:inline-block;width:5.74px"> </div>value<div style="display:inline-block;width:5.1px"> </div>option<div style="display:inline-block;width:5.75px"> </div>liabilities<div style="display:inline-block;width:5.62px"> </div>where<div style="display:inline-block;width:6.07px"> </div>this<div style="display:inline-block;width:5.98px"> </div>component<div style="display:inline-block;width:5.7px"> </div>is<div style="display:inline-block;width:5.15px"> </div>considered </div><div id="a171904" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.3px;">relevant for valuation purposes<div style="display:inline-block;width:5.56px"> </div>by UBS’s counterparties and other market participants. </div><div id="a171906" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.4px;">Changes<div style="display:inline-block;width:5.54px"> </div>in the<div style="display:inline-block;width:5.45px"> </div>fair value<div style="display:inline-block;width:5.26px"> </div>of financial<div style="display:inline-block;width:5.56px"> </div>liabilities designated<div style="display:inline-block;width:6.32px"> </div>at fair<div style="display:inline-block;width:5.22px"> </div>value through<div style="display:inline-block;width:6.62px"> </div>profit or<div style="display:inline-block;width:5.44px"> </div>loss related<div style="display:inline-block;width:6.01px"> </div>to own<div style="display:inline-block;width:5.86px"> </div>credit are </div><div id="a171907" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:68.6px;">recognized<div style="display:inline-block;width:6.06px"> </div>in </div><div id="a171908" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:88.672px;top:68.3px;">Other<div style="display:inline-block;width:5.47px"> </div>comprehensive<div style="display:inline-block;width:5.72px"> </div>income</div><div id="a171910" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:258.072px;top:68.6px;"><div style="display:inline-block;width:5.67px"> </div>directly<div style="display:inline-block;width:6.14px"> </div>within </div><div id="a171912" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:351.298px;top:68.3px;">Retained<div style="display:inline-block;width:6.02px"> </div>earnings,<div style="display:inline-block;width:6.23px"> </div>with<div style="display:inline-block;width:5.72px"> </div>no<div style="display:inline-block;width:5.61px"> </div>reclassification<div style="display:inline-block;width:5.84px"> </div>to<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>income </div><div id="a171914" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:83.5px;">statement<div style="display:inline-block;width:6.26px"> </div>in<div style="display:inline-block;width:6.25px"> </div>future<div style="display:inline-block;width:6.57px"> </div>periods.</div><div id="a171915" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:170.992px;top:83.7px;"><div style="display:inline-block;width:6.15px"> </div>This<div style="display:inline-block;width:6.29px"> </div>presentation<div style="display:inline-block;width:6.68px"> </div>does<div style="display:inline-block;width:6.6px"> </div>not<div style="display:inline-block;width:6.4px"> </div>create<div style="display:inline-block;width:5.88px"> </div>or<div style="display:inline-block;width:6.67px"> </div>increase<div style="display:inline-block;width:6.65px"> </div>an<div style="display:inline-block;width:6.35px"> </div>accounting<div style="display:inline-block;width:6.97px"> </div>mismatch<div style="display:inline-block;width:6.11px"> </div>in<div style="display:inline-block;width:6.25px"> </div>the<div style="display:inline-block;width:6.2px"> </div>income </div><div id="a171917" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:98.9px;">statement, as UBS does<div style="display:inline-block;width:5.23px"> </div>not hedge changes in own credit. </div><div id="a171923" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:122px;">Own credit is estimated using own credit adjustment (OCA) curves, which incorporate observable market data, including </div><div id="a171924" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:137.2px;">market-observed secondary prices for UBS’s<div style="display:inline-block;width:5.58px"> </div>debt and debt<div style="display:inline-block;width:5.02px"> </div>curves of peers. In the table<div style="display:inline-block;width:5.38px"> </div>below, the change in unrealized </div><div id="a171930" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:152.3px;">own<div style="display:inline-block;width:5.24px"> </div>credit consists<div style="display:inline-block;width:5.73px"> </div>of changes<div style="display:inline-block;width:6.28px"> </div>in fair<div style="display:inline-block;width:5.94px"> </div>value that<div style="display:inline-block;width:6.04px"> </div>are attributable<div style="display:inline-block;width:6.12px"> </div>to the<div style="display:inline-block;width:6.35px"> </div>change<div style="display:inline-block;width:5.13px"> </div>in UBS’s<div style="display:inline-block;width:6.39px"> </div>credit spreads,<div style="display:inline-block;width:6.3px"> </div>as well<div style="display:inline-block;width:5.72px"> </div>as the </div><div id="a171932" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:167.9px;">effect of changes<div style="display:inline-block;width:5.49px"> </div>in fair values<div style="display:inline-block;width:5.04px"> </div>attributable to<div style="display:inline-block;width:5.14px"> </div>factors other than<div style="display:inline-block;width:5.35px"> </div>credit spreads,<div style="display:inline-block;width:5.35px"> </div>such as redemptions,<div style="display:inline-block;width:5.88px"> </div>effects from time </div><div id="a171933" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183.1px;">decay and<div style="display:inline-block;width:5.98px"> </div>changes<div style="display:inline-block;width:5.18px"> </div>in interest<div style="display:inline-block;width:5.9px"> </div>and<div style="display:inline-block;width:5.13px"> </div>other market<div style="display:inline-block;width:5.42px"> </div>rates.<div style="display:inline-block;width:5.05px"> </div>Realized<div style="display:inline-block;width:5.2px"> </div>own<div style="display:inline-block;width:5.24px"> </div>credit is<div style="display:inline-block;width:5.55px"> </div>recognized<div style="display:inline-block;width:5.12px"> </div>when<div style="display:inline-block;width:5.24px"> </div>an instrument<div style="display:inline-block;width:5.92px"> </div>with an </div><div id="a171935" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:198.2px;">associated<div style="display:inline-block;width:6.66px"> </div>unrealized<div style="display:inline-block;width:6.9px"> </div>OCA<div style="display:inline-block;width:6.82px"> </div>is<div style="display:inline-block;width:6.57px"> </div>repurchased<div style="display:inline-block;width:7.45px"> </div>prior<div style="display:inline-block;width:6.61px"> </div>to<div style="display:inline-block;width:6.67px"> </div>the<div style="display:inline-block;width:6.67px"> </div>contractual<div style="display:inline-block;width:7.2px"> </div>maturity<div style="display:inline-block;width:6.85px"> </div>date.<div style="display:inline-block;width:7.25px"> </div>Life-to-date<div style="display:inline-block;width:6.74px"> </div>amounts<div style="display:inline-block;width:7.44px"> </div>reflect<div style="display:inline-block;width:6.57px"> </div>the </div><div id="a171940" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:213.8px;">cumulative unrealized change<div style="display:inline-block;width:5.11px"> </div>since initial recognition. </div><div id="a171943" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:225.5px;">›</div><div id="a171944" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:225.8px;"> </div><div id="a171945" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:230.4px;">Refer to Note 15<div style="display:inline-block;width:1.57px"> </div>for more information<div style="display:inline-block;width:1.12px"> </div>about debt issued<div style="display:inline-block;width:1.32px"> </div>designated at fair<div style="display:inline-block;width:1.08px"> </div>value</div></div><div id="TextBlockContainer1452" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:680px;height:184px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1450_XBRL_TS_3802349cd79448a19d08b3fdad2b4c9a" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1451" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:680px;height:184px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a171948" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Own credit adjustments on financial<div style="display:inline-block;width:4.35px"> </div>liabilities designated at fair value </div><div id="a171957" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:496.288px;top:14.3px;">Included in Other comprehensive income </div><div id="a171961" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.008px;top:28.1px;">For the year ended </div><div id="a171963" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:41.8px;">USD m </div><div id="a171966" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:497.235px;top:41.8px;">31.12.22 </div><div id="a171969" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.035px;top:41.8px;">31.12.21 </div><div id="a171971" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:639.168px;top:41.8px;">31.12.20 </div><div id="a171973" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:55.5px;">Recognized during the period: </div><div id="a171980" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:69.7px;">Realized gain / (loss)<div style="display:inline-block;width:2.91px"> </div></div><div id="a171983_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:526.088px;top:69.7px;">1</div><div id="a171987_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.955px;top:69.7px;display:flex;">(14)</div><div id="a171990_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.048px;top:69.7px;">2</div><div id="a171993" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:83.9px;">Unrealized gain / (loss)<div style="display:inline-block;width:3.33px"> </div></div><div id="a171996_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.155px;top:83.9px;">866</div><div id="a172000_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.155px;top:83.9px;">60</div><div id="a172003_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:83.9px;display:flex;">(295)</div><div id="a172006" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:97.6px;">Total gain / (loss), before<div style="display:inline-block;width:3.7px"> </div>tax </div><div id="a172009_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.155px;top:97.6px;">867</div><div id="a172013_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.155px;top:97.6px;">46</div><div id="a172016_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:97.6px;display:flex;">(293)</div><div id="a172025" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:117px;">USD m </div><div id="a172028" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:497.235px;top:117px;">31.12.22 </div><div id="a172031" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.035px;top:117px;">31.12.21 </div><div id="a172033" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:639.168px;top:117px;">31.12.20 </div><div id="a172035" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:130.7px;">Recognized on the balance sheet<div style="display:inline-block;width:3.77px"> </div>as of the end of the period: </div><div id="a172043" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:144.9px;">Unrealized life-to-date gain / (loss)<div style="display:inline-block;width:3.53px"> </div></div><div id="a172050_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.155px;top:144.9px;">556</div><div id="a172054_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:144.9px;display:flex;">(315)</div><div id="a172057_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:144.9px;display:flex;">(381)</div><div id="a172060" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:159.6px;">of which: debt issued designated at fair value </div><div id="a172063_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.155px;top:159.6px;">289</div><div id="a172067_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:159.6px;display:flex;">(144)</div><div id="a172070_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:159.6px;display:flex;">(233)</div><div id="a172073" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:173.8px;">of which: other financial liabilities designated at fair value </div><div id="a172076_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.155px;top:173.8px;">266</div><div id="a172080_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:173.8px;display:flex;">(172)</div><div id="a172083_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:173.8px;display:flex;">(148)</div></div></div></div><div id="TextBlockContainer1454" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:189px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a172086" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Credit valuation adjustments </div><div id="a172088" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">In<div style="display:inline-block;width:6.25px"> </div>order<div style="display:inline-block;width:6.49px"> </div>to<div style="display:inline-block;width:6.2px"> </div>measure<div style="display:inline-block;width:6.33px"> </div>the<div style="display:inline-block;width:6.2px"> </div>fair<div style="display:inline-block;width:6.21px"> </div>value<div style="display:inline-block;width:6.04px"> </div>of<div style="display:inline-block;width:6.2px"> </div>OTC<div style="display:inline-block;width:6.67px"> </div>derivative<div style="display:inline-block;width:6.38px"> </div>instruments,<div style="display:inline-block;width:6.24px"> </div>including<div style="display:inline-block;width:7.12px"> </div>funded<div style="display:inline-block;width:6.33px"> </div>derivative<div style="display:inline-block;width:5.9px"> </div>instruments<div style="display:inline-block;width:6.61px"> </div>that<div style="display:inline-block;width:6.04px"> </div>are </div><div id="a172089" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.3px;">classified as </div><div id="a172090" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:72.562px;top:30px;">Financial assets at<div style="display:inline-block;width:2.1px"> </div>fair value not<div style="display:inline-block;width:1.84px"> </div>held for trading,</div><div id="a172091" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:342.312px;top:30.3px;"><div style="display:inline-block;width:2.84px"> </div>CVAs are needed to<div style="display:inline-block;width:2.09px"> </div>reflect the credit risk<div style="display:inline-block;width:1.9px"> </div>of the counterparty </div><div id="a172094" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.4px;">inherent<div style="display:inline-block;width:6.11px"> </div>in<div style="display:inline-block;width:5.77px"> </div>these<div style="display:inline-block;width:5.77px"> </div>instruments.<div style="display:inline-block;width:5.77px"> </div>This<div style="display:inline-block;width:5.82px"> </div>amount<div style="display:inline-block;width:6.45px"> </div>represents<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:5.72px"> </div>estimated<div style="display:inline-block;width:6.31px"> </div>fair<div style="display:inline-block;width:5.74px"> </div>value<div style="display:inline-block;width:6.04px"> </div>of<div style="display:inline-block;width:5.72px"> </div>protection<div style="display:inline-block;width:5.96px"> </div>required<div style="display:inline-block;width:6.35px"> </div>to<div style="display:inline-block;width:5.72px"> </div>hedge<div style="display:inline-block;width:6.28px"> </div>the </div><div id="a172095" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61px;">counterparty credit risk of such<div style="display:inline-block;width:5.8px"> </div>instruments. A CVA<div style="display:inline-block;width:5.7px"> </div>is determined for each counterparty,<div style="display:inline-block;width:7.08px"> </div>considering all exposures<div style="display:inline-block;width:5.72px"> </div>with </div><div id="a172097" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.2px;">that counterparty,<div style="display:inline-block;width:5.37px"> </div>and is dependent<div style="display:inline-block;width:5.2px"> </div>on the expected future value<div style="display:inline-block;width:5.05px"> </div>of exposures, default<div style="display:inline-block;width:5.2px"> </div>probabilities and recovery<div style="display:inline-block;width:5.24px"> </div>rates, </div><div id="a172098" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:91.8px;">applicable collateral or netting arrangements,<div style="display:inline-block;width:5.48px"> </div>break clauses, funding<div style="display:inline-block;width:5.13px"> </div>spreads, and other contractual factors.<div style="display:inline-block;width:6.06px"> </div></div><div id="a172100" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:114.5px;">Funding valuation adjustments </div><div id="a172102" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:129.6px;">FVAs<div style="display:inline-block;width:6.36px"> </div>reflect<div style="display:inline-block;width:6.09px"> </div>the<div style="display:inline-block;width:6.2px"> </div>costs<div style="display:inline-block;width:5.62px"> </div>and<div style="display:inline-block;width:6.08px"> </div>benefits<div style="display:inline-block;width:5.72px"> </div>of<div style="display:inline-block;width:6.2px"> </div>funding<div style="display:inline-block;width:6.43px"> </div>associated<div style="display:inline-block;width:5.72px"> </div>with<div style="display:inline-block;width:5.72px"> </div>uncollateralized<div style="display:inline-block;width:6.3px"> </div>and<div style="display:inline-block;width:6.55px"> </div>partially<div style="display:inline-block;width:5.53px"> </div>collateralized<div style="display:inline-block;width:6.37px"> </div>derivative </div><div id="a172103" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:145.3px;">receivables and<div style="display:inline-block;width:5.43px"> </div>payables and are<div style="display:inline-block;width:5.57px"> </div>calculated as the<div style="display:inline-block;width:5.15px"> </div>valuation effect from<div style="display:inline-block;width:5.48px"> </div>moving the<div style="display:inline-block;width:5.03px"> </div>discounting of<div style="display:inline-block;width:5.11px"> </div>the uncollateralized </div><div id="a172105" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.4px;">derivative cash flows from the ARR<div style="display:inline-block;width:5.27px"> </div>to OCA using the CVA<div style="display:inline-block;width:5.57px"> </div>framework, including the probability of counterparty<div style="display:inline-block;width:5.18px"> </div>default. </div><div id="a172106" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:175.5px;">An FVA is also<div style="display:inline-block;width:5.17px"> </div>applied to collateralized derivative assets in<div style="display:inline-block;width:5.29px"> </div>cases where the collateral<div style="display:inline-block;width:5.23px"> </div>cannot be sold or repledged.</div></div><div id="TextBlockContainer1456" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:297px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a172148" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Debit valuation adjustments </div><div id="a172150" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23.2px;">A DVA is estimated to incorporate own credit in the valuation of derivatives where an<div style="display:inline-block;width:4.06px"> </div>FVA is not already recognized. The </div><div id="a172156" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.3px;">DVA calculation<div style="display:inline-block;width:5.08px"> </div>is effectively consistent<div style="display:inline-block;width:5.36px"> </div>with the CVA<div style="display:inline-block;width:5.55px"> </div>framework, being determined<div style="display:inline-block;width:5.98px"> </div>for each counterparty,<div style="display:inline-block;width:6.42px"> </div>considering </div><div id="a172160" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.5px;">all exposures<div style="display:inline-block;width:6.63px"> </div>with that<div style="display:inline-block;width:6.2px"> </div>counterparty<div style="display:inline-block;width:5.47px"> </div>and<div style="display:inline-block;width:5.13px"> </div>taking into<div style="display:inline-block;width:6.55px"> </div>account<div style="display:inline-block;width:5.25px"> </div>collateral<div style="display:inline-block;width:5.06px"> </div>netting<div style="display:inline-block;width:5.4px"> </div>agreements,<div style="display:inline-block;width:5.54px"> </div>expected<div style="display:inline-block;width:5.52px"> </div>future<div style="display:inline-block;width:5.39px"> </div>mark-to-</div><div id="a172164" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:69.1px;">market movements and UBS’s<div style="display:inline-block;width:5.29px"> </div>credit default spreads. </div><div id="a172166" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:91.8px;">Other valuation adjustments </div><div id="a172168" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:106.9px;">Instruments that are measured as part<div style="display:inline-block;width:2.27px"> </div>of a portfolio<div style="display:inline-block;width:2.29px"> </div>of combined long and short<div style="display:inline-block;width:1.87px"> </div>positions are valued at mid-market<div style="display:inline-block;width:2.1px"> </div>levels </div><div id="a172172" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:122.1px;">to ensure consistent<div style="display:inline-block;width:5.14px"> </div>valuation of the<div style="display:inline-block;width:5.08px"> </div>long-<div style="display:inline-block;width:4.3px"> </div>and short-component<div style="display:inline-block;width:5.29px"> </div>risks. A liquidity valuation<div style="display:inline-block;width:5.49px"> </div>adjustment is then made<div style="display:inline-block;width:5.38px"> </div>to </div><div id="a172178" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:137.7px;">the overall<div style="display:inline-block;width:5.47px"> </div>net long<div style="display:inline-block;width:5.92px"> </div>or short<div style="display:inline-block;width:5.5px"> </div>exposure<div style="display:inline-block;width:5.27px"> </div>to move<div style="display:inline-block;width:5.2px"> </div>the fair<div style="display:inline-block;width:5.42px"> </div>value to<div style="display:inline-block;width:5.25px"> </div>bid or<div style="display:inline-block;width:5.66px"> </div>offer as<div style="display:inline-block;width:5.81px"> </div>appropriate, reflecting<div style="display:inline-block;width:6.14px"> </div>current levels<div style="display:inline-block;width:5.87px"> </div>of </div><div id="a172181" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:152.8px;">market liquidity.<div style="display:inline-block;width:7.42px"> </div>The bid<div style="display:inline-block;width:1.65px"> </div>–offer<div style="display:inline-block;width:5.19px"> </div>spreads<div style="display:inline-block;width:5.32px"> </div>used<div style="display:inline-block;width:5.18px"> </div>in the<div style="display:inline-block;width:6.4px"> </div>calculation of<div style="display:inline-block;width:6.51px"> </div>this valuation<div style="display:inline-block;width:6.29px"> </div>adjustment<div style="display:inline-block;width:5.29px"> </div>are<div style="display:inline-block;width:5.29px"> </div>obtained<div style="display:inline-block;width:5.28px"> </div>from<div style="display:inline-block;width:5.18px"> </div>market </div><div id="a172184" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:168.4px;">transactions and other relevant sou<div style="display:inline-block;width:1.74px"> </div>rces and are updated<div style="display:inline-block;width:5.17px"> </div>periodically. </div><div id="a172187" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:191.1px;">Uncertainties<div style="display:inline-block;width:5.41px"> </div>associated<div style="display:inline-block;width:5.24px"> </div>with<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>use<div style="display:inline-block;width:5.45px"> </div>of model<div style="display:inline-block;width:1.4px"> </div>-based<div style="display:inline-block;width:5.51px"> </div>valuations<div style="display:inline-block;width:5.29px"> </div>are<div style="display:inline-block;width:5.29px"> </div>incorporated<div style="display:inline-block;width:5.45px"> </div>into the<div style="display:inline-block;width:6.45px"> </div>measurement<div style="display:inline-block;width:5.28px"> </div>of<div style="display:inline-block;width:5.25px"> </div>fair value </div><div id="a172190" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:206.3px;">through<div style="display:inline-block;width:6.15px"> </div>the use<div style="display:inline-block;width:6.55px"> </div>of<div style="display:inline-block;width:5.25px"> </div>model<div style="display:inline-block;width:5.35px"> </div>reserves.<div style="display:inline-block;width:5.13px"> </div>These<div style="display:inline-block;width:5.45px"> </div>reserves<div style="display:inline-block;width:5.5px"> </div>reflect<div style="display:inline-block;width:5.15px"> </div>the<div style="display:inline-block;width:5.25px"> </div>amounts<div style="display:inline-block;width:6.02px"> </div>that<div style="display:inline-block;width:5.39px"> </div>UBS<div style="display:inline-block;width:5.56px"> </div>estimates<div style="display:inline-block;width:5.21px"> </div>should<div style="display:inline-block;width:5.96px"> </div>be<div style="display:inline-block;width:5.4px"> </div>deducted<div style="display:inline-block;width:5.27px"> </div>from </div><div id="a172195" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:221.4px;">valuations produced<div style="display:inline-block;width:5.35px"> </div>directly by models<div style="display:inline-block;width:5.13px"> </div>to incorporate uncertainties<div style="display:inline-block;width:5.29px"> </div>in the relevant<div style="display:inline-block;width:5.39px"> </div>modeling assumptions,<div style="display:inline-block;width:5.46px"> </div>in the model </div><div id="a172196" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:237px;">and market inputs<div style="display:inline-block;width:5.75px"> </div>used, or in the<div style="display:inline-block;width:5.32px"> </div>calibration of the<div style="display:inline-block;width:5.29px"> </div>model output to<div style="display:inline-block;width:5.16px"> </div>adjust for known<div style="display:inline-block;width:5.27px"> </div>model deficiencies. In<div style="display:inline-block;width:5.34px"> </div>arriving at </div><div id="a172197" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:252.1px;">these estimates,<div style="display:inline-block;width:5.11px"> </div>UBS considers<div style="display:inline-block;width:5.43px"> </div>a range<div style="display:inline-block;width:5.56px"> </div>of market practices,<div style="display:inline-block;width:5.96px"> </div>including how<div style="display:inline-block;width:5.84px"> </div>it believes market<div style="display:inline-block;width:5.48px"> </div>participants would<div style="display:inline-block;width:5.7px"> </div>assess </div><div id="a172202" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:267.8px;">these uncertainties. Model<div style="display:inline-block;width:1.96px"> </div>reserves are reassessed periodically<div style="display:inline-block;width:2.23px"> </div>in light<div style="display:inline-block;width:2.14px"> </div>of data from<div style="display:inline-block;width:2.18px"> </div>market transactions, consensus pricing </div><div id="a172203" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:282.9px;">services and other relevant sources.</div></div><div id="TextBlockContainer1460" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:135px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1458_XBRL_TS_4fb8fe47ad114c69a898c7a872a93531" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1459" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:135px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a172207" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Balance sheet valuation adjustments<div style="display:inline-block;width:4.38px"> </div>on financial instruments </div><div id="a172214" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:603.702px;top:14.8px;">As of </div><div id="a172216" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:28.6px;">USD m </div><div id="a172219" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:577.195px;top:28.6px;">31.12.22 </div><div id="a172221" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.315px;top:28.6px;">31.12.21 </div><div id="a172223" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:42.3px;">Credit valuation adjustments</div><div id="a172224" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:108.248px;top:42.9px;">1</div><div id="a172227" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:42.3px;display:flex;">(33)</div><div id="a172229" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:42.3px;display:flex;">(44)</div><div id="a172231" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:56px;">Funding valuation adjustments </div><div id="a172234" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:56px;display:flex;">(50)</div><div id="a172236" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:56px;display:flex;">(49)</div><div id="a172238" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:69.7px;">Debit valuation adjustments </div><div id="a172241" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:606.062px;top:69.7px;">4</div><div id="a172243" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.195px;top:69.7px;">2</div><div id="a172245" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:83.4px;">Other valuation adjustments </div><div id="a172249" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:83.4px;display:flex;">(839)</div><div id="a172251" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.542px;top:83.4px;display:flex;">(913)</div><div id="a172253" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:97.6px;">of which: liquidity </div><div id="a172256" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:591.382px;top:97.6px;display:flex;">(311)</div><div id="a172258" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:659.542px;top:97.6px;display:flex;">(341)</div><div id="a172260" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:111.8px;">of which: model uncertainty </div><div id="a172263" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:591.382px;top:111.8px;display:flex;">(529)</div><div id="a172265" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:659.542px;top:111.8px;display:flex;">(571)</div><div id="a172267" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:126.4px;">1 Amounts do not include reserves<div style="display:inline-block;width:3.45px"> </div>against defaulted counterparties.</div></div></div></div><div id="TextBlockContainer1462" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:67px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a172269" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Other items </div><div id="a172271" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:22.7px;">In the first<div style="display:inline-block;width:5.04px"> </div>half of 2021,<div style="display:inline-block;width:6.41px"> </div>UBS AG incurred<div style="display:inline-block;width:5.61px"> </div>a loss of<div style="display:inline-block;width:5.18px"> </div>USD </div><div id="a172271_57_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:327.138px;top:22.7px;">861</div><div id="a172271_60_62" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:349.872px;top:22.7px;">m as a result<div style="display:inline-block;width:5.49px"> </div>of closing out<div style="display:inline-block;width:5.48px"> </div>a significant portfolio<div style="display:inline-block;width:5.39px"> </div>of swaps </div><div id="a172280" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:37.9px;">with a<div style="display:inline-block;width:2.04px"> </div>US-based client of<div style="display:inline-block;width:1.8px"> </div>its prime brokerage<div style="display:inline-block;width:2.22px"> </div>business and the<div style="display:inline-block;width:2.26px"> </div>unwinding of related<div style="display:inline-block;width:1.87px"> </div>hedges, following the client’s<div style="display:inline-block;width:1.36px"> </div>default. </div><div id="a172283" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.5px;">This loss is presented within </div><div id="a172284" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:166.738px;top:53.2px;">Other net income from financial instruments<div style="display:inline-block;width:5.03px"> </div>measured at fair value through<div style="display:inline-block;width:5.33px"> </div>profit or loss</div><div id="a172286" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:673.538px;top:53.5px;">.</div></div><div id="TextBlockContainer1464" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:171px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a172329" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">e)<div style="display:inline-block;width:3.83px"> </div>Level 3 instruments: valuation<div style="display:inline-block;width:5.43px"> </div>techniques and inputs<div style="display:inline-block;width:4.43px"> </div></div><div id="a172337" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.8px;">The table below<div style="display:inline-block;width:5.55px"> </div>presents material<div style="display:inline-block;width:5.07px"> </div>Level 3 assets<div style="display:inline-block;width:5.16px"> </div>and liabilities, together<div style="display:inline-block;width:5.61px"> </div>with the valuation<div style="display:inline-block;width:5.55px"> </div>techniques used<div style="display:inline-block;width:5.21px"> </div>to measure </div><div id="a172342" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.9px;">fair value,<div style="display:inline-block;width:5.84px"> </div>the inputs<div style="display:inline-block;width:6.23px"> </div>used in<div style="display:inline-block;width:5.39px"> </div>a given<div style="display:inline-block;width:5.88px"> </div>valuation technique<div style="display:inline-block;width:6.17px"> </div>that are<div style="display:inline-block;width:5.76px"> </div>considered<div style="display:inline-block;width:5.37px"> </div>significant as<div style="display:inline-block;width:5.66px"> </div>of 31<div style="display:inline-block;width:5.64px"> </div>December 2022<div style="display:inline-block;width:5.96px"> </div>and </div><div id="a172345" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:58.5px;">unobservable, and a<div style="display:inline-block;width:5.1px"> </div>range of values for those unobservable inputs.<div style="display:inline-block;width:5.22px"> </div></div><div id="a172347" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:81.2px;">The<div style="display:inline-block;width:3.51px"> </div>range of values represents the<div style="display:inline-block;width:2.18px"> </div>highest- and lowest-level inputs used in<div style="display:inline-block;width:1.84px"> </div>the valuation techniques. Therefore, the range </div><div id="a172354" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:96.3px;">does<div style="display:inline-block;width:5.18px"> </div>not reflect<div style="display:inline-block;width:5.98px"> </div>the level<div style="display:inline-block;width:5.89px"> </div>of uncertainty<div style="display:inline-block;width:6.41px"> </div>regarding<div style="display:inline-block;width:5.61px"> </div>a particular<div style="display:inline-block;width:6.26px"> </div>input<div style="display:inline-block;width:5.08px"> </div>or an<div style="display:inline-block;width:6.03px"> </div>assessment<div style="display:inline-block;width:5.29px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>reasonableness<div style="display:inline-block;width:5.67px"> </div>of<div style="display:inline-block;width:5.15px"> </div>UBS’s </div><div id="a172357" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:111.5px;">estimates and assumptions, but rather the different underlying characteristics of the<div style="display:inline-block;width:5.09px"> </div>relevant assets and liabilities held by </div><div id="a172359" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:127.1px;">UBS.<div style="display:inline-block;width:5.22px"> </div>The ranges<div style="display:inline-block;width:5.81px"> </div>will therefore<div style="display:inline-block;width:5.84px"> </div>vary from<div style="display:inline-block;width:5.2px"> </div>period<div style="display:inline-block;width:5.08px"> </div>to period<div style="display:inline-block;width:5.7px"> </div>and parameter<div style="display:inline-block;width:5.3px"> </div>to parameter<div style="display:inline-block;width:5.89px"> </div>based<div style="display:inline-block;width:5.18px"> </div>on characteristics<div style="display:inline-block;width:5.53px"> </div>of the </div><div id="a172361" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:142.3px;">instruments held<div style="display:inline-block;width:6.07px"> </div>at<div style="display:inline-block;width:5.05px"> </div>each<div style="display:inline-block;width:5.2px"> </div>balance sheet<div style="display:inline-block;width:6.54px"> </div>date. Furthermore,<div style="display:inline-block;width:6.86px"> </div>the ranges<div style="display:inline-block;width:6.13px"> </div>of unobservable<div style="display:inline-block;width:6.9px"> </div>inputs<div style="display:inline-block;width:5.13px"> </div>may differ<div style="display:inline-block;width:6.25px"> </div>across other </div><div id="a172363" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:157.9px;">financial institutions, reflecting the diversity<div style="display:inline-block;width:5.22px"> </div>of the products in each firm’s inventory.</div></div><div id="TextBlockContainer1468" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:690px;height:591px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1466_XBRL_TS_26ca15e10e2a474cb6f125daf73242fe" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1467" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:690px;height:591px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a172366" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Valuation techniques<div style="display:inline-block;width:4.41px"> </div>and inputs used in the fair value measurement<div style="display:inline-block;width:4.47px"> </div>of Level 3 assets and liabilities </div><div id="a172371" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:172.128px;top:12.9px;">Fair value </div><div id="a172376" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:363.782px;top:26.6px;">Significant </div><div id="a172377" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:363.782px;top:38.5px;">unobservable </div><div id="a172378" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:363.782px;top:49.8px;">input(s)</div><div id="a172379" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:391.248px;top:50.5px;">1</div><div id="a172381" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:537.435px;top:12.9px;">Range of inputs </div><div id="a172384" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:135.248px;top:25.7px;">Assets </div><div id="a172387" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:214.728px;top:25.7px;">Liabilities </div><div id="a172390" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:278.595px;top:38.5px;">Valuation </div><div id="a172391" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:278.595px;top:49.8px;">technique(s) </div><div id="a172394" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:482.542px;top:25.7px;">31.12.22 </div><div id="a172397" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.702px;top:25.7px;">31.12.21 </div><div id="a172400" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:49.8px;">USD bn </div><div id="a172402" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:112.035px;top:49.8px;">31.12.22 </div><div id="a172404" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:151.315px;top:49.8px;">31.12.21 </div><div id="a172407" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:196.755px;top:49.8px;">31.12.22 </div><div id="a172409" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:236.502px;top:49.8px;">31.12.21 </div><div id="a172413" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.475px;top:49.8px;">low </div><div id="a172415" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:486.328px;top:49.8px;">high </div><div id="a172417" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:514.262px;top:38.5px;">weighted </div><div id="a172418" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.622px;top:49.8px;">average</div><div id="a172419" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:545.475px;top:50.5px;">2 </div><div id="a172422" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.315px;top:49.8px;">low </div><div id="a172424" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:49.8px;">high </div><div id="a172426" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:614.102px;top:38.5px;">weighted </div><div id="a172427" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.942px;top:49.8px;">average</div><div id="a172428" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:645.315px;top:50.5px;">2 </div><div id="a172430" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.688px;top:49.8px;">unit</div><div id="a172431" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:679.875px;top:50.5px;">1 </div><div id="a172433" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:62.6px;">Financial assets and liabilities at fair value<div style="display:inline-block;width:4.07px"> </div>held for trading and Financial<div style="display:inline-block;width:3.89px"> </div>assets at fair value not held for trading </div><div id="a172435" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:75.9px;">Corporate and municipal </div><div id="a172436" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:87.2px;">bonds </div><div id="a172438_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:133.355px;top:87.2px;">0.8</div><div id="a172441_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:173.075px;top:87.2px;">0.9</div><div id="a172445_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:218.035px;top:87.2px;">0.0</div><div id="a172448_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:258.262px;top:87.2px;">0.0</div><div id="a172452" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:75.9px;">Relative value to </div><div id="a172453" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:87.2px;">market comparable </div><div id="a172456" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:87.2px;">Bond price equivalent </div><div id="a172458_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:461.262px;top:87.2px;">14</div><div id="a172461_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:87.2px;">112</div><div id="a172464_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:538.848px;top:87.2px;">85</div><div id="a172468_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.102px;top:87.2px;">16</div><div id="a172471_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:87.2px;">143</div><div id="a172474_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:638.702px;top:87.2px;">98</div><div id="a172477" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:87.2px;">points </div><div id="a172486" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:100.4px;">Discounted expected </div><div id="a172487" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:112.3px;">cash flows </div><div id="a172490" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:112.3px;">Discount margin </div><div id="a172492_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.062px;top:112.3px;">412</div><div id="a172495_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:112.3px;">412</div><div id="a172500_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.888px;top:112.3px;">434</div><div id="a172503_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:112.3px;">434</div><div id="a172507" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:100.4px;">basis </div><div id="a172508" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:112.3px;">points </div><div id="a172510" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:125px;">Traded loans, loans </div><div id="a172511" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:136.9px;">measured at fair value, </div><div id="a172512" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:148.7px;">loan commitments and </div><div id="a172513" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:160.1px;">guarantees </div><div id="a172515_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:133.355px;top:160.1px;">1.7</div><div id="a172518_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:173.075px;top:160.1px;">2.8</div><div id="a172522_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:218.035px;top:160.1px;">0.0</div><div id="a172525_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:258.262px;top:160.1px;">0.0</div><div id="a172529" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:148.7px;">Relative value to </div><div id="a172530" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:160.1px;">market comparable </div><div id="a172533" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:160.1px;">Loan price equivalent </div><div id="a172535_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:461.262px;top:160.1px;">30</div><div id="a172538_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:160.1px;">100</div><div id="a172541_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:538.848px;top:160.1px;">97</div><div id="a172545_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:574.822px;top:160.1px;">0</div><div id="a172548_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:160.1px;">101</div><div id="a172551_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:638.702px;top:160.1px;">99</div><div id="a172554" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:160.1px;">points </div><div id="a172563" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:173.3px;">Discounted expected </div><div id="a172564" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:185.1px;">cash flows </div><div id="a172567" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:185.1px;">Credit spread </div><div id="a172569_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.062px;top:185.1px;">200</div><div id="a172572_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:185.1px;">200</div><div id="a172575_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:533.648px;top:185.1px;">200</div><div id="a172579_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.888px;top:185.1px;">175</div><div id="a172582_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:185.1px;">800</div><div id="a172585_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.502px;top:185.1px;">436</div><div id="a172588" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:173.3px;">basis </div><div id="a172589" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:185.1px;">points </div><div id="a172598" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:197.9px;">Market comparable </div><div id="a172599" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:209.7px;">and securitization </div><div id="a172600" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:221.5px;">model </div><div id="a172603" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:221.5px;">Credit spread </div><div id="a172605_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.062px;top:221.5px;">145</div><div id="a172608_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:480.648px;top:221.5px;">1,350</div><div id="a172611_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:533.648px;top:221.5px;">322</div><div id="a172615_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.102px;top:221.5px;">28</div><div id="a172619" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.702px;top:221.5px;">1,544</div><div id="a172621_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.502px;top:221.5px;">241</div><div id="a172624" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:209.7px;">basis </div><div id="a172625" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:221.5px;">points </div><div id="a172627" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:246.2px;">Auction rate securities </div><div id="a172629_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:133.355px;top:246.2px;">1.3</div><div id="a172632_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:173.075px;top:246.2px;">1.6</div><div id="a172639" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:234.3px;">Discounted expected </div><div id="a172640" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:246.2px;">cash flows </div><div id="a172643" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:246.2px;">Credit spread </div><div id="a172645_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.062px;top:246.2px;">115</div><div id="a172648_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:246.2px;">196</div><div id="a172651_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:533.648px;top:246.2px;">144</div><div id="a172655_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.888px;top:246.2px;">115</div><div id="a172658_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:246.2px;">197</div><div id="a172661_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.502px;top:246.2px;">153</div><div id="a172664" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:234.3px;">basis </div><div id="a172665" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:246.2px;">points </div><div id="a172667" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:270.8px;">Investment fund units</div><div id="a172668" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:82.248px;top:271.4px;">3</div><div id="a172670_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:133.355px;top:270.8px;">0.3</div><div id="a172673_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:173.075px;top:270.8px;">0.1</div><div id="a172677_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:218.035px;top:270.8px;">0.0</div><div id="a172680_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:258.262px;top:270.8px;">0.0</div><div id="a172684" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:258.9px;">Relative value to </div><div id="a172685" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:270.8px;">market comparable </div><div id="a172688" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:270.8px;">Net asset value </div><div id="a172698" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:295.3px;">Equity instruments</div><div id="a172699" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:70.391px;top:296px;">3</div><div id="a172701_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:133.355px;top:295.3px;">0.9</div><div id="a172704_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:173.075px;top:295.3px;">0.8</div><div id="a172708_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:218.035px;top:295.3px;">0.1</div><div id="a172711_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:258.262px;top:295.3px;">0.1</div><div id="a172715" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:284px;">Relative value to </div><div id="a172716" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:295.3px;">market comparable </div><div id="a172719" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:295.3px;">Price </div><div id="a172729" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:308.1px;">Debt issued designated at </div><div id="a172730" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:319.5px;">fair value</div><div id="a172731" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:37.287px;top:320.1px;">4</div><div id="a172736_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:218.035px;top:319.5px;">9.2</div><div id="a172739_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:253.062px;top:319.5px;">11.9</div><div id="a172754" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:331.8px;">Other financial liabilities </div><div id="a172755" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:343.6px;">designated at fair value </div><div id="a172760_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:218.035px;top:343.6px;">2.0</div><div id="a172763_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:258.262px;top:343.6px;">3.2</div><div id="a172767" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:331.8px;">Discounted expected </div><div id="a172768" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:343.6px;">cash flows </div><div id="a172771" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:343.6px;">Funding spread </div><div id="a172773_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:461.262px;top:343.6px;">23</div><div id="a172776_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:343.6px;">175</div><div id="a172781_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.102px;top:343.6px;">24</div><div id="a172784_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:343.6px;">175</div><div id="a172788" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:331.8px;">basis </div><div id="a172789" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:343.6px;">points </div><div id="a172791" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:356.4px;">Derivative financial instruments </div><div id="a172793" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:381px;">Interest rate </div><div id="a172795_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:133.355px;top:381px;">0.5</div><div id="a172798_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:173.075px;top:381px;">0.5</div><div id="a172802_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:218.035px;top:381px;">0.1</div><div id="a172805_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:258.262px;top:381px;">0.3</div><div id="a172809" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:381px;">Option model </div><div id="a172812" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:369.1px;">Volatility of interest </div><div id="a172813" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:381px;">rates </div><div id="a172815_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:461.262px;top:381px;">75</div><div id="a172818_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:381px;">143</div><div id="a172823_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.102px;top:381px;">65</div><div id="a172826_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.995px;top:381px;">81</div><div id="a172830" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:369.1px;">basis </div><div id="a172831" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:381px;">points </div><div id="a172833" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:405.6px;">Credit </div><div id="a172835_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:133.355px;top:405.6px;">0.3</div><div id="a172838_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:173.075px;top:405.6px;">0.2</div><div id="a172842_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:218.035px;top:405.6px;">0.3</div><div id="a172845_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:258.262px;top:405.6px;">0.3</div><div id="a172849" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:394.2px;">Discounted expected </div><div id="a172850" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:405.6px;">cash flows </div><div id="a172853" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:405.6px;">Credit spreads<div style="display:inline-block;width:2.76px"> </div></div><div id="a172855_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.995px;top:405.6px;">9</div><div id="a172858_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:405.6px;">565</div><div id="a172863_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:574.822px;top:405.6px;">1</div><div id="a172866_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:405.6px;">583</div><div id="a172870" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:394.2px;">basis </div><div id="a172871" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:405.6px;">points </div><div id="a172882" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:419.3px;">Bond price equivalent </div><div id="a172884_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.995px;top:419.3px;">3</div><div id="a172887_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:419.3px;">277</div><div id="a172892_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:574.822px;top:419.3px;">2</div><div id="a172895_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:419.3px;">136</div><div id="a172899" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:419.3px;">points </div><div id="a172901" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:432.5px;">Equity / index </div><div id="a172903_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:133.355px;top:432.5px;">0.7</div><div id="a172906_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:173.075px;top:432.5px;">0.4</div><div id="a172910_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:218.035px;top:432.5px;">1.2</div><div id="a172913_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:258.262px;top:432.5px;">1.5</div><div id="a172917" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:432.5px;">Option model </div><div id="a172920" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:432.5px;">Equity dividend yields </div><div id="a172922_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.995px;top:432.5px;">0</div><div id="a172925_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:492.955px;top:432.5px;">20</div><div id="a172930_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:574.822px;top:432.5px;">0</div><div id="a172933_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.995px;top:432.5px;">11</div><div id="a172937" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.675px;top:432.5px;">% </div><div id="a172948" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:445.3px;">Volatility of equity </div><div id="a172949" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:457.2px;">stocks, equity and </div><div id="a172950" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:469px;">other indices </div><div id="a172952_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.995px;top:469px;">4</div><div id="a172955_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:469px;">120</div><div id="a172960_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:574.822px;top:469px;">4</div><div id="a172963_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.995px;top:469px;">98</div><div id="a172967" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.675px;top:469px;">% </div><div id="a172978" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:481.8px;">Equity-to-FX </div><div id="a172983" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:493.6px;">correlation </div><div id="a172985_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.528px;top:493.6px;display:flex;">(29)</div><div id="a172988_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:492.955px;top:493.6px;">84</div><div id="a172993_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.888px;top:493.6px;display:flex;">(29)</div><div id="a172996_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.995px;top:493.6px;">76</div><div id="a173000" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.675px;top:493.6px;">% </div><div id="a173011" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:506.8px;">Equity-to-equity </div><div id="a173016" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:518.2px;">correlation </div><div id="a173018_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.528px;top:518.2px;display:flex;">(25)</div><div id="a173021_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:518.2px;">100</div><div id="a173026_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.888px;top:518.2px;display:flex;">(25)</div><div id="a173029_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:518.2px;">100</div><div id="a173033" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.675px;top:518.2px;">% </div><div id="a173035" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:531.8px;">1 The ranges<div style="display:inline-block;width:3.5px"> </div>of significant unobservable<div style="display:inline-block;width:4.24px"> </div>inputs are represented<div style="display:inline-block;width:4.11px"> </div>in points, percentages<div style="display:inline-block;width:4.11px"> </div>and basis points.<div style="display:inline-block;width:3.95px"> </div>Points are a<div style="display:inline-block;width:3.95px"> </div>percentage of par (e.g.,<div style="display:inline-block;width:4.09px"> </div>100 points would<div style="display:inline-block;width:3.81px"> </div>be 100% of par).<div style="display:inline-block;width:10.47px"> </div>2 Weighted<div style="display:inline-block;width:3.6px"> </div>averages are<div style="display:inline-block;width:3.47px"> </div>provided </div><div id="a173038" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:542.2px;">for most non-derivative<div style="display:inline-block;width:3.93px"> </div>financial instruments<div style="display:inline-block;width:3.94px"> </div>and were calculated<div style="display:inline-block;width:4.13px"> </div>by weighting inputs<div style="display:inline-block;width:3.95px"> </div>based on the fair<div style="display:inline-block;width:3.96px"> </div>values of the<div style="display:inline-block;width:3.62px"> </div>respective instruments.<div style="display:inline-block;width:4.34px"> </div>Weighted<div style="display:inline-block;width:3.46px"> </div>averages are not<div style="display:inline-block;width:3.47px"> </div>provided for inputs<div style="display:inline-block;width:4.08px"> </div>related to Other<div style="display:inline-block;width:3.77px"> </div>financial </div><div id="a173042" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:552.1px;">liabilities designated<div style="display:inline-block;width:4.12px"> </div>at fair<div style="display:inline-block;width:3.48px"> </div>value and<div style="display:inline-block;width:4.1px"> </div>Derivative financial<div style="display:inline-block;width:4.39px"> </div>instruments,<div style="display:inline-block;width:3.78px"> </div>as this would<div style="display:inline-block;width:4.88px"> </div>not be meaningful.<div style="display:inline-block;width:12.77px"> </div>3 The<div style="display:inline-block;width:3.8px"> </div>range of<div style="display:inline-block;width:3.63px"> </div>inputs is<div style="display:inline-block;width:4.09px"> </div>not disclosed,<div style="display:inline-block;width:4.19px"> </div>as there<div style="display:inline-block;width:3.63px"> </div>is a<div style="display:inline-block;width:3.63px"> </div>dispersion of<div style="display:inline-block;width:3.61px"> </div>values<div style="display:inline-block;width:3.46px"> </div>given the<div style="display:inline-block;width:4.09px"> </div>diverse nature<div style="display:inline-block;width:4.1px"> </div>of the </div><div id="a173045" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:562.5px;">investments.<div style="display:inline-block;width:8.81px"> </div>4 Debt issued designated at fair value<div style="display:inline-block;width:4.08px"> </div>primarily consists of UBS<div style="display:inline-block;width:3.61px"> </div>structured notes, which include<div style="display:inline-block;width:3.64px"> </div>variable maturity notes with<div style="display:inline-block;width:3.62px"> </div>various equity and foreign<div style="display:inline-block;width:3.46px"> </div>exchange underlying risks,<div style="display:inline-block;width:3.74px"> </div>rates-linked<div style="display:inline-block;width:3.51px"> </div>and credit-</div><div id="a173052" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:572.5px;">linked notes, all of which<div style="display:inline-block;width:3.63px"> </div>have embedded derivative<div style="display:inline-block;width:3.76px"> </div>parameters that are considered<div style="display:inline-block;width:3.64px"> </div>to be unobservable. The<div style="display:inline-block;width:4.14px"> </div>equivalent derivative instrument<div style="display:inline-block;width:4.38px"> </div>parameters are presented in the respective<div style="display:inline-block;width:3.96px"> </div>derivative financial instruments </div><div id="a173055" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:582.9px;">lines in this table.</div></div></div></div><div id="TextBlockContainer1470" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:107px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a173097" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Significant unobservable inputs in Level<div style="display:inline-block;width:5.91px"> </div>3 positions </div><div id="a173102" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23px;">This section discusses<div style="display:inline-block;width:6.32px"> </div>the significant<div style="display:inline-block;width:5.19px"> </div>unobservable inputs<div style="display:inline-block;width:5.83px"> </div>used in<div style="display:inline-block;width:5.38px"> </div>the valuation<div style="display:inline-block;width:5.4px"> </div>of Level 3<div style="display:inline-block;width:5.47px"> </div>instruments and<div style="display:inline-block;width:5.7px"> </div>assesses the </div><div id="a173105" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.7px;">potential effect that<div style="display:inline-block;width:1.66px"> </div>a change in<div style="display:inline-block;width:1.66px"> </div>each unobservable input<div style="display:inline-block;width:2.1px"> </div>in isolation<div style="display:inline-block;width:2.28px"> </div>may have<div style="display:inline-block;width:2.11px"> </div>on a fair<div style="display:inline-block;width:1.9px"> </div>value measurement. Relationships </div><div id="a173109" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">between observable and<div style="display:inline-block;width:5.01px"> </div>unobservable inputs have not been<div style="display:inline-block;width:5.38px"> </div>included in the summary below. </div><div id="a173112" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.5px;"> </div><div id="a173113" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;color:#000000;left:15.782px;top:97.2px;">Input </div><div id="a173115" style="position:absolute;font-family:'Frutiger';font-size:9.931px;font-weight:bold;font-style:normal;color:#000000;left:138.365px;top:97.2px;">Description </div></div><div id="TextBlockContainer1472" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:675px;height:628px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a173117" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Bond price </div><div id="a173118" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:11.8px;">equivalent </div><div id="a173120" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.262px;top:0.2px;">–</div><div id="a173121" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:131.462px;top:0.1px;"> </div><div id="a173122" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:0.2px;">Where<div style="display:inline-block;width:4.2px"> </div>market prices are<div style="display:inline-block;width:4.45px"> </div>not available<div style="display:inline-block;width:4.64px"> </div>for a bond,<div style="display:inline-block;width:4.55px"> </div>fair value is<div style="display:inline-block;width:4.58px"> </div>measured by<div style="display:inline-block;width:4.27px"> </div>comparison with<div style="display:inline-block;width:4.55px"> </div>observable pricing data<div style="display:inline-block;width:4.87px"> </div>from </div><div id="a173123" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:12.1px;">similar instruments.<div style="display:inline-block;width:4.32px"> </div>Factors considered<div style="display:inline-block;width:4.11px"> </div>when selecting<div style="display:inline-block;width:4.16px"> </div>comparable instruments include<div style="display:inline-block;width:4.78px"> </div>credit quality, maturity<div style="display:inline-block;width:4.5px"> </div>and industry </div><div id="a173125" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:24.4px;">of the issuer.<div style="display:inline-block;width:4.44px"> </div>Fair value may be<div style="display:inline-block;width:4.19px"> </div>measured either by<div style="display:inline-block;width:4.19px"> </div>a direct price<div style="display:inline-block;width:4.21px"> </div>comparison or by conversion<div style="display:inline-block;width:4.39px"> </div>of an instrument price<div style="display:inline-block;width:4.56px"> </div>into a </div><div id="a173126" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:36.2px;">yield (either as<div style="display:inline-block;width:3.65px"> </div>an outright yield or as a spread to the relevant<div style="display:inline-block;width:4.12px"> </div>benchmark rate).<div style="display:inline-block;width:2.98px"> </div></div><div id="a173131" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.262px;top:48px;">–</div><div id="a173132" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:131.462px;top:47.9px;"> </div><div id="a173133" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:48px;">For corporate<div style="display:inline-block;width:4.18px"> </div>and municipal<div style="display:inline-block;width:4.24px"> </div>bonds, the<div style="display:inline-block;width:4.38px"> </div>range represents the<div style="display:inline-block;width:4.44px"> </div>range of prices<div style="display:inline-block;width:4.72px"> </div>from reference issuances<div style="display:inline-block;width:4.48px"> </div>used in<div style="display:inline-block;width:4.16px"> </div>determining </div><div id="a173134" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:60.3px;">fair value. Bonds priced at 0 are distressed to the point that<div style="display:inline-block;width:1.32px"> </div>no recovery is expected, while prices significantly in excess of<div style="display:inline-block;width:1.35px"> </div>100 </div><div id="a173136" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:72.2px;">or<div style="display:inline-block;width:4.41px"> </div>par<div style="display:inline-block;width:4.17px"> </div>relate<div style="display:inline-block;width:4.36px"> </div>to inflation<div style="display:inline-block;width:1.46px"> </div>-linked<div style="display:inline-block;width:4.42px"> </div>or structured<div style="display:inline-block;width:5.61px"> </div>issuances<div style="display:inline-block;width:4.32px"> </div>that<div style="display:inline-block;width:4.18px"> </div>pay a<div style="display:inline-block;width:5.75px"> </div>coupon in<div style="display:inline-block;width:5.25px"> </div>excess<div style="display:inline-block;width:4.26px"> </div>of<div style="display:inline-block;width:4.41px"> </div>the<div style="display:inline-block;width:4.17px"> </div>market benchmark<div style="display:inline-block;width:5.6px"> </div>as of<div style="display:inline-block;width:5.59px"> </div>the </div><div id="a173139" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:84px;">measurement date. </div><div id="a173141" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.262px;top:96.3px;">–</div><div id="a173142" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:131.462px;top:96.2px;"> </div><div id="a173143" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:96.3px;">For credit derivatives, the bond<div style="display:inline-block;width:4.19px"> </div>price range represents the range of prices<div style="display:inline-block;width:4.16px"> </div>used for reference instruments, which are<div style="display:inline-block;width:4.14px"> </div>typically </div><div id="a173145" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:108.1px;">converted to an equivalent<div style="display:inline-block;width:4.16px"> </div>yield or credit spread as part of the valuation process. </div><div id="a173147" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:128.2px;">Loan price </div><div id="a173148" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:140.1px;">equivalent </div><div id="a173150" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.262px;top:128.4px;">–</div><div id="a173151" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:131.462px;top:128.3px;"> </div><div id="a173152" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:128.4px;">Where market<div style="display:inline-block;width:4.29px"> </div>prices are not<div style="display:inline-block;width:4.27px"> </div>available for a<div style="display:inline-block;width:4.34px"> </div>traded loan, fair<div style="display:inline-block;width:4.48px"> </div>value is measured<div style="display:inline-block;width:4.29px"> </div>by comparison with<div style="display:inline-block;width:4.16px"> </div>observable pricing<div style="display:inline-block;width:4.16px"> </div>data </div><div id="a173154" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:140.3px;">for<div style="display:inline-block;width:4.89px"> </div>similar<div style="display:inline-block;width:5.13px"> </div>instruments.<div style="display:inline-block;width:5.27px"> </div>Factors<div style="display:inline-block;width:4.74px"> </div>considered<div style="display:inline-block;width:4.97px"> </div>when<div style="display:inline-block;width:5.11px"> </div>selecting<div style="display:inline-block;width:4.65px"> </div>comparable<div style="display:inline-block;width:5.2px"> </div>instruments<div style="display:inline-block;width:4.72px"> </div>include<div style="display:inline-block;width:5.11px"> </div>industry<div style="display:inline-block;width:4.64px"> </div>segment,<div style="display:inline-block;width:5.27px"> </div>collateral </div><div id="a173155" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:152.6px;">quality, maturity and issuer-specific covenants.<div style="display:inline-block;width:1.36px"> </div>Fair value may<div style="display:inline-block;width:0.88px"> </div>be measured either by<div style="display:inline-block;width:1.03px"> </div>a direct price<div style="display:inline-block;width:1.37px"> </div>comparison or by<div style="display:inline-block;width:0.85px"> </div>conversion </div><div id="a173160" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:164.4px;">of an<div style="display:inline-block;width:4.88px"> </div>instrument price<div style="display:inline-block;width:4.8px"> </div>into a<div style="display:inline-block;width:4.56px"> </div>yield. The<div style="display:inline-block;width:4.64px"> </div>range represents<div style="display:inline-block;width:4.91px"> </div>the range<div style="display:inline-block;width:4.56px"> </div>of prices<div style="display:inline-block;width:4.33px"> </div>derived<div style="display:inline-block;width:4.1px"> </div>from reference<div style="display:inline-block;width:4.33px"> </div>issuances of<div style="display:inline-block;width:4.55px"> </div>a similar </div><div id="a173161" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:176.7px;">credit quality<div style="display:inline-block;width:4.2px"> </div>used to measure<div style="display:inline-block;width:4.34px"> </div>fair value for<div style="display:inline-block;width:4.18px"> </div>loans classified as<div style="display:inline-block;width:4.55px"> </div>Level 3. Loans priced<div style="display:inline-block;width:4.71px"> </div>at 0 are distressed<div style="display:inline-block;width:5px"> </div>to the point<div style="display:inline-block;width:4.16px"> </div>that no </div><div id="a173165" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:188.5px;">recovery is expected, while a<div style="display:inline-block;width:4.21px"> </div>current price of 100 represents a loan that is expected<div style="display:inline-block;width:4.21px"> </div>to be repaid in full. </div><div id="a173167" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:208.6px;">Credit spread </div><div id="a173169" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.262px;top:208.9px;">–</div><div id="a173170" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:131.462px;top:208.7px;"> </div><div id="a173171" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:208.9px;">Valuation models for many credit<div style="display:inline-block;width:4.73px"> </div>derivatives require an input<div style="display:inline-block;width:4.76px"> </div>for the credit spread, which is<div style="display:inline-block;width:4.34px"> </div>a reflection of the<div style="display:inline-block;width:4.51px"> </div>credit quality </div><div id="a173173" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:220.7px;">of<div style="display:inline-block;width:4.41px"> </div>the<div style="display:inline-block;width:4.17px"> </div>associated<div style="display:inline-block;width:4.17px"> </div>referenced<div style="display:inline-block;width:4.3px"> </div>underlying. The<div style="display:inline-block;width:5.73px"> </div>credit<div style="display:inline-block;width:4.36px"> </div>spread<div style="display:inline-block;width:4.19px"> </div>of a<div style="display:inline-block;width:5.2px"> </div>particular<div style="display:inline-block;width:4.26px"> </div>security is<div style="display:inline-block;width:5.52px"> </div>quoted<div style="display:inline-block;width:4.16px"> </div>in<div style="display:inline-block;width:4.09px"> </div>relation<div style="display:inline-block;width:4.12px"> </div>to<div style="display:inline-block;width:4.41px"> </div>the yield<div style="display:inline-block;width:5.28px"> </div>on a </div><div id="a173174" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:233px;">benchmark security or<div style="display:inline-block;width:4.1px"> </div>reference rate, typically either US Treasury or<div style="display:inline-block;width:4.4px"> </div>ARR,<div style="display:inline-block;width:3.25px"> </div>and is generally expressed in terms of basis<div style="display:inline-block;width:4.5px"> </div>points. </div><div id="a173178" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:244.8px;">An increase / (decrease) in credit spread will increase / (decrease) the<div style="display:inline-block;width:1.36px"> </div>value of credit protection offered by credit default swaps </div><div id="a173182" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:256.7px;">and other<div style="display:inline-block;width:4.48px"> </div>credit derivative products.<div style="display:inline-block;width:4.62px"> </div>The income statement<div style="display:inline-block;width:4.49px"> </div>effect from such<div style="display:inline-block;width:4.63px"> </div>changes depends<div style="display:inline-block;width:4.39px"> </div>on the nature<div style="display:inline-block;width:4.65px"> </div>and direction </div><div id="a173185" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:268.9px;">of the positions held. Credit spreads<div style="display:inline-block;width:1.16px"> </div>may be negative where the<div style="display:inline-block;width:1.19px"> </div>asset is more creditworthy than<div style="display:inline-block;width:1.22px"> </div>the benchmark against which </div><div id="a173186" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:280.8px;">the spread is calculated.<div style="display:inline-block;width:4.58px"> </div>A wider credit spread<div style="display:inline-block;width:4.45px"> </div>represents decreasing creditworthiness.<div style="display:inline-block;width:4.31px"> </div>The range represents<div style="display:inline-block;width:4.44px"> </div>a diverse set of </div><div id="a173188" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:292.6px;">underlyings,<div style="display:inline-block;width:4.47px"> </div>with the<div style="display:inline-block;width:4.88px"> </div>lower end<div style="display:inline-block;width:5.27px"> </div>of the<div style="display:inline-block;width:4.88px"> </div>range representing<div style="display:inline-block;width:5.46px"> </div>credits of<div style="display:inline-block;width:4.99px"> </div>the highest<div style="display:inline-block;width:4.55px"> </div>quality and<div style="display:inline-block;width:5.58px"> </div>the upper<div style="display:inline-block;width:4.47px"> </div>end of<div style="display:inline-block;width:4.56px"> </div>the<div style="display:inline-block;width:4.17px"> </div>range </div><div id="a173189" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:304.9px;">representing greater levels of<div style="display:inline-block;width:4.23px"> </div>credit risk. </div><div id="a173191" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:325px;">Discount margin </div><div id="a173193" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.262px;top:325.3px;">–</div><div id="a173194" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:131.462px;top:325.1px;"> </div><div id="a173195" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:325.3px;">The discount margin<div style="display:inline-block;width:4.15px"> </div>(DM) spread represents the discount<div style="display:inline-block;width:4.12px"> </div>rates applied to present<div style="display:inline-block;width:4.51px"> </div>value cash flows of an asset to reflect<div style="display:inline-block;width:4.5px"> </div>the </div><div id="a173199" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:337.1px;">market return required for uncertainty in the estimated cash flows. DM<div style="display:inline-block;width:1.35px"> </div>spreads are a rate or rates applied on top<div style="display:inline-block;width:0.94px"> </div>of a floating </div><div id="a173201" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:348.9px;">index (e.g.,<div style="display:inline-block;width:4.2px"> </div>Secured Overnight<div style="display:inline-block;width:4.41px"> </div>Financing Rate<div style="display:inline-block;width:4.4px"> </div>(SOFR)) to discount<div style="display:inline-block;width:4.64px"> </div>expected cash<div style="display:inline-block;width:4.26px"> </div>flows. Generally, a<div style="display:inline-block;width:4.85px"> </div>decrease / (increase)<div style="display:inline-block;width:4.3px"> </div>in </div><div id="a173205" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:361.2px;">the DM in isolation would result in<div style="display:inline-block;width:4.3px"> </div>a higher / (lower) fair value. </div><div id="a173207" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.262px;top:373.1px;">–</div><div id="a173208" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:131.462px;top:372.9px;"> </div><div id="a173209" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:373.1px;">The<div style="display:inline-block;width:4.41px"> </div>high end<div style="display:inline-block;width:5.49px"> </div>of the<div style="display:inline-block;width:5.35px"> </div>range relates<div style="display:inline-block;width:5.14px"> </div>to securities<div style="display:inline-block;width:5.59px"> </div>that<div style="display:inline-block;width:4.18px"> </div>are priced<div style="display:inline-block;width:5.54px"> </div>low within<div style="display:inline-block;width:5.13px"> </div>the<div style="display:inline-block;width:4.17px"> </div>market<div style="display:inline-block;width:4.27px"> </div>relative<div style="display:inline-block;width:4.37px"> </div>to the<div style="display:inline-block;width:4.88px"> </div>expected cash<div style="display:inline-block;width:5.2px"> </div>flow </div><div id="a173212" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:385.3px;">schedule. This indicates that<div style="display:inline-block;width:4.31px"> </div>the market is pricing an increased risk of credit loss into<div style="display:inline-block;width:4.11px"> </div>the security that is greater than what is </div><div id="a173214" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:397.2px;">being<div style="display:inline-block;width:4.16px"> </div>captured by the<div style="display:inline-block;width:4.82px"> </div>expected cash<div style="display:inline-block;width:4.73px"> </div>flow generation<div style="display:inline-block;width:5.02px"> </div>process. The<div style="display:inline-block;width:4.5px"> </div>low ends<div style="display:inline-block;width:4.18px"> </div>of the<div style="display:inline-block;width:4.41px"> </div>ranges are<div style="display:inline-block;width:4.74px"> </div>typical of<div style="display:inline-block;width:4.42px"> </div>funding rates<div style="display:inline-block;width:4.23px"> </div>on </div><div id="a173216" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:409px;">better-quality instruments. </div><div id="a173220" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:429.1px;">Funding spread </div><div id="a173222" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.262px;top:429.3px;">–</div><div id="a173223" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:131.462px;top:429.2px;"> </div><div id="a173224" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:429.3px;">Structured financing transactions are valued using synthetic funding curves that best represent<div style="display:inline-block;width:4.11px"> </div>the assets that are pledged as </div><div id="a173226" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:441.6px;">collateral for<div style="display:inline-block;width:4.26px"> </div>the transactions.<div style="display:inline-block;width:4.17px"> </div>They are not representative<div style="display:inline-block;width:4.96px"> </div>of where<div style="display:inline-block;width:4.19px"> </div>UBS can fund itself<div style="display:inline-block;width:4.63px"> </div>on an unsecured<div style="display:inline-block;width:4.24px"> </div>basis, but<div style="display:inline-block;width:4.16px"> </div>provide </div><div id="a173228" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:453.5px;">an<div style="display:inline-block;width:4.17px"> </div>estimate of<div style="display:inline-block;width:5.05px"> </div>where UBS<div style="display:inline-block;width:5.37px"> </div>can source<div style="display:inline-block;width:4.59px"> </div>and<div style="display:inline-block;width:4.32px"> </div>deploy secured<div style="display:inline-block;width:5.28px"> </div>funding with<div style="display:inline-block;width:4.94px"> </div>counterparties for<div style="display:inline-block;width:5.27px"> </div>a given<div style="display:inline-block;width:5.12px"> </div>type of<div style="display:inline-block;width:5.2px"> </div>collateral. The </div><div id="a173229" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:465.3px;">funding spreads are expressed in terms of basis points, and if funding spreads widen, this increases the effect of discounting.<div style="display:inline-block;width:2.79px"> </div></div><div id="a173233" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.262px;top:477.6px;">–</div><div id="a173234" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:131.462px;top:477.5px;"> </div><div id="a173235" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:477.6px;">A small proportion<div style="display:inline-block;width:4.49px"> </div>of structured debt instruments and<div style="display:inline-block;width:4.56px"> </div>non-structured fixed-rate<div style="display:inline-block;width:4.14px"> </div>bonds within financial<div style="display:inline-block;width:4.14px"> </div>liabilities designated </div><div id="a173240" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:489.4px;">at fair value had an exposure to<div style="display:inline-block;width:4.17px"> </div>funding spreads that was longer in duration<div style="display:inline-block;width:4.4px"> </div>than the actively traded market. </div><div id="a173244" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:509.5px;">Volatility </div><div id="a173246" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.262px;top:509.7px;">–</div><div id="a173247" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:131.462px;top:509.6px;"> </div><div id="a173248" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:509.7px;">Volatility measures the variability of future prices for<div style="display:inline-block;width:1.15px"> </div>a particular instrument and is generally expressed as<div style="display:inline-block;width:1.33px"> </div>a percentage, where </div><div id="a173250" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:521.6px;">a higher number reflects a more volatile<div style="display:inline-block;width:4.13px"> </div>instrument, for which future price movements are<div style="display:inline-block;width:4.33px"> </div>more likely to occur. Volatility is a </div><div id="a173252" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:533.9px;">key input<div style="display:inline-block;width:4.33px"> </div>into option<div style="display:inline-block;width:4.62px"> </div>models, where<div style="display:inline-block;width:4.5px"> </div>it is used<div style="display:inline-block;width:4.64px"> </div>to derive<div style="display:inline-block;width:4.18px"> </div>a probability-based<div style="display:inline-block;width:4.45px"> </div>distribution of<div style="display:inline-block;width:4.71px"> </div>future prices for<div style="display:inline-block;width:4.67px"> </div>the underlying </div><div id="a173255" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:545.7px;">instrument.<div style="display:inline-block;width:4.88px"> </div>The<div style="display:inline-block;width:4.41px"> </div>effect<div style="display:inline-block;width:4.29px"> </div>of<div style="display:inline-block;width:4.41px"> </div>volatility<div style="display:inline-block;width:4.51px"> </div>on<div style="display:inline-block;width:4.56px"> </div>individual<div style="display:inline-block;width:4.63px"> </div>positions<div style="display:inline-block;width:4.68px"> </div>within<div style="display:inline-block;width:4.25px"> </div>the<div style="display:inline-block;width:4.17px"> </div>portfolio<div style="display:inline-block;width:4.72px"> </div>is<div style="display:inline-block;width:4.33px"> </div>driven<div style="display:inline-block;width:4.33px"> </div>primarily<div style="display:inline-block;width:4.27px"> </div>by<div style="display:inline-block;width:4.26px"> </div>whether<div style="display:inline-block;width:4.41px"> </div>the<div style="display:inline-block;width:4.65px"> </div>option </div><div id="a173257" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:557.5px;">contract is a long<div style="display:inline-block;width:4.72px"> </div>or short position. In<div style="display:inline-block;width:4.69px"> </div>most cases, the fair value<div style="display:inline-block;width:4.65px"> </div>of an option increases<div style="display:inline-block;width:4.33px"> </div>as a result of an<div style="display:inline-block;width:4.26px"> </div>increase in<div style="display:inline-block;width:4.19px"> </div>volatility </div><div id="a173259" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:569.8px;">and is<div style="display:inline-block;width:4.48px"> </div>reduced by<div style="display:inline-block;width:4.35px"> </div>a decrease<div style="display:inline-block;width:4.2px"> </div>in volatility.<div style="display:inline-block;width:4.47px"> </div>Generally,<div style="display:inline-block;width:2.57px"> </div>volatility used<div style="display:inline-block;width:4.57px"> </div>in the<div style="display:inline-block;width:4.56px"> </div>measurement of<div style="display:inline-block;width:4.43px"> </div>fair value is<div style="display:inline-block;width:4.58px"> </div>derived from active-</div><div id="a173262" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:581.7px;">market option<div style="display:inline-block;width:4.64px"> </div>prices (referred to<div style="display:inline-block;width:4.3px"> </div>as implied<div style="display:inline-block;width:4.33px"> </div>volatility). A key<div style="display:inline-block;width:4.67px"> </div>feature of<div style="display:inline-block;width:4.12px"> </div>implied volatility is<div style="display:inline-block;width:4.58px"> </div>the volatility “smile”<div style="display:inline-block;width:4.65px"> </div>or “skew,” </div><div id="a173266" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:594px;">which represents the effect of<div style="display:inline-block;width:4.16px"> </div>pricing options of different option strikes at different<div style="display:inline-block;width:4.34px"> </div>implied volatility levels. </div><div id="a173269" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.262px;top:605.8px;">–</div><div id="a173270" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:131.462px;top:605.7px;"> </div><div id="a173271" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:605.8px;">Volatilities of low interest rates tend to be much higher than volatilities of high interest rates. In addition,<div style="display:inline-block;width:4.13px"> </div>different currencies </div><div id="a173273" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:617.6px;">may have significantly different<div style="display:inline-block;width:4.23px"> </div>implied volatilities.</div></div><div id="TextBlockContainer1474" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:675px;height:128px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a173316" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Input </div><div id="a173318" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:126.262px;top:0px;">Description </div><div id="a173320" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:21.8px;">Correlation </div><div id="a173322" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.262px;top:22px;">–</div><div id="a173323" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:131.462px;top:21.9px;"> </div><div id="a173324" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:22px;">Correlation measures the interrelationship between the movements of two variables. It is expressed as a percentage between<div style="display:inline-block;width:2.14px"> </div></div><div id="a173326" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:33.8px;">–100%<div style="display:inline-block;width:5.42px"> </div>and<div style="display:inline-block;width:4.8px"> </div>+100%,<div style="display:inline-block;width:4.98px"> </div>where<div style="display:inline-block;width:4.91px"> </div>+100%<div style="display:inline-block;width:4.9px"> </div>represents<div style="display:inline-block;width:5px"> </div>perfectly<div style="display:inline-block;width:5.22px"> </div>correlated<div style="display:inline-block;width:5.46px"> </div>variables<div style="display:inline-block;width:4.73px"> </div>(meaning<div style="display:inline-block;width:5.19px"> </div>a<div style="display:inline-block;width:4.97px"> </div>movement<div style="display:inline-block;width:4.89px"> </div>of<div style="display:inline-block;width:4.88px"> </div>one<div style="display:inline-block;width:4.32px"> </div>variable<div style="display:inline-block;width:5.29px"> </div>is </div><div id="a173328" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:46.1px;">associated with a<div style="display:inline-block;width:4.72px"> </div>movement of the<div style="display:inline-block;width:4.23px"> </div>other variable in the<div style="display:inline-block;width:4.4px"> </div>same direction) and –100%<div style="display:inline-block;width:4.76px"> </div>implies that the<div style="display:inline-block;width:4.33px"> </div>variables are inversely </div><div id="a173332" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:58px;">correlated<div style="display:inline-block;width:4.99px"> </div>(meaning<div style="display:inline-block;width:4.71px"> </div>a<div style="display:inline-block;width:4.97px"> </div>movement<div style="display:inline-block;width:4.42px"> </div>of<div style="display:inline-block;width:4.88px"> </div>one<div style="display:inline-block;width:4.32px"> </div>variable<div style="display:inline-block;width:4.81px"> </div>is<div style="display:inline-block;width:4.33px"> </div>associated<div style="display:inline-block;width:5.12px"> </div>with<div style="display:inline-block;width:4.41px"> </div>a<div style="display:inline-block;width:4.97px"> </div>movement<div style="display:inline-block;width:4.42px"> </div>of<div style="display:inline-block;width:4.88px"> </div>the<div style="display:inline-block;width:4.17px"> </div>other<div style="display:inline-block;width:4.8px"> </div>variable<div style="display:inline-block;width:4.81px"> </div>in<div style="display:inline-block;width:4.57px"> </div>the<div style="display:inline-block;width:4.65px"> </div>opposite </div><div id="a173333" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:69.8px;">direction). The effect of correlation on the measurement of fair value depends on<div style="display:inline-block;width:4.14px"> </div>the specific terms of the instruments being </div><div id="a173336" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:82.1px;">valued, reflecting the range of<div style="display:inline-block;width:4.1px"> </div>different payoff features within such instruments. </div><div id="a173338" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.262px;top:93.9px;">–</div><div id="a173339" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:131.462px;top:93.8px;"> </div><div id="a173340" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:93.9px;">Equity-to-FX correlation is important<div style="display:inline-block;width:4.31px"> </div>for equity options based on a currency other than<div style="display:inline-block;width:4.32px"> </div>the currency of the underlying stock. </div><div id="a173347" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:105.8px;">Equity-to-equity correlation is particularly important for<div style="display:inline-block;width:4.31px"> </div>complex options that incorporate, in some manner, different equities </div><div id="a173352" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.608px;top:118.1px;">in the projected payoff. </div></div><div id="TextBlockContainer1476" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:691px;height:366px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a173354" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:0px;">Equity dividend </div><div id="a173355" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:14.556px;top:11.8px;">yields </div><div id="a173357" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:137.139px;top:0.2px;">–</div><div id="a173358" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:142.339px;top:0.1px;"> </div><div id="a173359" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.486px;top:0.2px;">The derivation<div style="display:inline-block;width:4.17px"> </div>of a forward<div style="display:inline-block;width:4.43px"> </div>price for an<div style="display:inline-block;width:4.41px"> </div>individual stock or<div style="display:inline-block;width:4.63px"> </div>index is important<div style="display:inline-block;width:4.24px"> </div>for measuring<div style="display:inline-block;width:4.32px"> </div>fair value for<div style="display:inline-block;width:4.18px"> </div>forward or<div style="display:inline-block;width:4.11px"> </div>swap </div><div id="a173360" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.486px;top:12.1px;">contracts and for measuring fair value using option pricing<div style="display:inline-block;width:4.27px"> </div>models. The relationship between the current stock price and the </div><div id="a173361" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.486px;top:23.9px;">forward price is based on a combination of expected<div style="display:inline-block;width:4.23px"> </div>future dividend levels and payment timings, and, to a lesser extent, the </div><div id="a173363" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.486px;top:36.2px;">relevant funding rates applicable to the stock<div style="display:inline-block;width:0.77px"> </div>in question. Dividend yields are<div style="display:inline-block;width:1.24px"> </div>generally expressed as an<div style="display:inline-block;width:1.42px"> </div>annualized percentage </div><div id="a173365" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.486px;top:48px;">of the<div style="display:inline-block;width:4.41px"> </div>share price, with<div style="display:inline-block;width:4.39px"> </div>the lowest limit<div style="display:inline-block;width:4.41px"> </div>of 0% representing<div style="display:inline-block;width:4.59px"> </div>a stock that<div style="display:inline-block;width:4.26px"> </div>is not expected<div style="display:inline-block;width:4.56px"> </div>to pay any<div style="display:inline-block;width:4.09px"> </div>dividend. The<div style="display:inline-block;width:4.15px"> </div>dividend </div><div id="a173367" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.486px;top:60.3px;">yield and<div style="display:inline-block;width:4.48px"> </div>timing represent<div style="display:inline-block;width:4.61px"> </div>the most significant<div style="display:inline-block;width:4.64px"> </div>parameter in<div style="display:inline-block;width:4.57px"> </div>determining fair<div style="display:inline-block;width:4.49px"> </div>value for<div style="display:inline-block;width:4.18px"> </div>instruments that<div style="display:inline-block;width:4.25px"> </div>are sensitive<div style="display:inline-block;width:4.2px"> </div>to an </div><div id="a173368" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:148.486px;top:72.2px;">equity forward price. </div><div id="a173371" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:88.5px;"> </div><div id="a173372" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:bold;font-style:normal;color:#9A3D37;left:3.679px;top:110.9px;">f) Level 3 instruments: sensitivity<div style="display:inline-block;width:5.19px"> </div>to changes in unobservable<div style="display:inline-block;width:5.12px"> </div>input assumptions </div><div id="a173380" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:138.2px;">The table below<div style="display:inline-block;width:5.49px"> </div>summarizes those financial assets<div style="display:inline-block;width:5.55px"> </div>and liabilities classified<div style="display:inline-block;width:5.39px"> </div>as Level 3 for<div style="display:inline-block;width:5.44px"> </div>which a<div style="display:inline-block;width:5.04px"> </div>change in one or<div style="display:inline-block;width:5.05px"> </div>more </div><div id="a173383" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:153.8px;">of<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:6.2px"> </div>unobservable<div style="display:inline-block;width:6.75px"> </div>inputs<div style="display:inline-block;width:6.55px"> </div>to<div style="display:inline-block;width:6.2px"> </div>reflect<div style="display:inline-block;width:6.09px"> </div>reasonably<div style="display:inline-block;width:6.75px"> </div>possible<div style="display:inline-block;width:6.64px"> </div>favorable<div style="display:inline-block;width:6.41px"> </div>and<div style="display:inline-block;width:6.55px"> </div>unfavorable<div style="display:inline-block;width:6.82px"> </div>alternative<div style="display:inline-block;width:5.71px"> </div>assumptions<div style="display:inline-block;width:7.17px"> </div>would </div><div id="a173385" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:169px;">change fair value significantly, and the estimated effect thereof. The table below does not represent the estimated effect </div><div id="a173386" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:184.6px;">of stress<div style="display:inline-block;width:5.91px"> </div>scenarios.<div style="display:inline-block;width:5.82px"> </div>Interdependencies<div style="display:inline-block;width:5.51px"> </div>between<div style="display:inline-block;width:5.56px"> </div>Level 1,<div style="display:inline-block;width:5.29px"> </div>2 and<div style="display:inline-block;width:6.39px"> </div>3 parameters<div style="display:inline-block;width:6.13px"> </div>have<div style="display:inline-block;width:5.2px"> </div>not<div style="display:inline-block;width:5.45px"> </div>been<div style="display:inline-block;width:5.13px"> </div>incorporated in<div style="display:inline-block;width:6.6px"> </div>the table. </div><div id="a173390" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:199.7px;">Furthermore, direct<div style="display:inline-block;width:5.59px"> </div>interrelationships<div style="display:inline-block;width:5.52px"> </div>between the<div style="display:inline-block;width:5.24px"> </div>Level 3 parameters<div style="display:inline-block;width:5.41px"> </div>discussed below<div style="display:inline-block;width:5.69px"> </div>are not<div style="display:inline-block;width:5.17px"> </div>a significant element<div style="display:inline-block;width:5.51px"> </div>of </div><div id="a173393" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:215.3px;">the valuation uncertainty. </div><div id="a173395" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:238px;">Sensitivity data is estimated<div style="display:inline-block;width:5.37px"> </div>using a number of<div style="display:inline-block;width:5.63px"> </div>techniques, including the<div style="display:inline-block;width:5.1px"> </div>estimation of<div style="display:inline-block;width:5.14px"> </div>price dispersion among<div style="display:inline-block;width:5.2px"> </div>different </div><div id="a173398" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:253.2px;">market participants,<div style="display:inline-block;width:5.21px"> </div>variation in<div style="display:inline-block;width:5.09px"> </div>modeling approaches<div style="display:inline-block;width:5.08px"> </div>and reasonably possible<div style="display:inline-block;width:5.8px"> </div>changes to assumptions<div style="display:inline-block;width:5.51px"> </div>used within the </div><div id="a173399" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:268.3px;">fair value measurement<div style="display:inline-block;width:5.92px"> </div>process. The<div style="display:inline-block;width:5.53px"> </div>sensitivity ranges<div style="display:inline-block;width:5.83px"> </div>are not<div style="display:inline-block;width:5.17px"> </div>always symmetrical<div style="display:inline-block;width:5.61px"> </div>around<div style="display:inline-block;width:5.62px"> </div>the fair values,<div style="display:inline-block;width:5.1px"> </div>as the inputs </div><div id="a173401" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:283.9px;">used in valuations are not<div style="display:inline-block;width:5.18px"> </div>always precisely in the middle of the favorable and<div style="display:inline-block;width:5.14px"> </div>unfavorable range. </div><div id="a173403" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:306.6px;">Sensitivity data<div style="display:inline-block;width:5.06px"> </div>is determined<div style="display:inline-block;width:5.29px"> </div>at a product<div style="display:inline-block;width:5.8px"> </div>or parameter level<div style="display:inline-block;width:5.11px"> </div>and then<div style="display:inline-block;width:5.49px"> </div>aggregated assuming<div style="display:inline-block;width:5.55px"> </div>no diversification<div style="display:inline-block;width:5.44px"> </div>benefit. </div><div id="a173405" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:321.8px;">Diversification would<div style="display:inline-block;width:6.66px"> </div>incorporate estimated<div style="display:inline-block;width:5.51px"> </div>correlations<div style="display:inline-block;width:5.23px"> </div>across different<div style="display:inline-block;width:6.13px"> </div>sensitivity results<div style="display:inline-block;width:5.18px"> </div>and,<div style="display:inline-block;width:5.24px"> </div>as such,<div style="display:inline-block;width:5.24px"> </div>would result<div style="display:inline-block;width:5.52px"> </div>in </div><div id="a173406" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:337.4px;">an overall<div style="display:inline-block;width:5.62px"> </div>sensitivity that<div style="display:inline-block;width:5.9px"> </div>would<div style="display:inline-block;width:5.34px"> </div>be less<div style="display:inline-block;width:5.98px"> </div>than the<div style="display:inline-block;width:5.61px"> </div>sum of<div style="display:inline-block;width:5.93px"> </div>the individual<div style="display:inline-block;width:5.55px"> </div>component<div style="display:inline-block;width:5.23px"> </div>sensitivities. However,<div style="display:inline-block;width:6.26px"> </div>UBS<div style="display:inline-block;width:5.08px"> </div>believes </div><div id="a173408" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:3.679px;top:352.5px;">that the diversification benefit is not<div style="display:inline-block;width:5.23px"> </div>significant to this analysis.</div></div><div id="TextBlockContainer1480" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:258px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1478_XBRL_TS_5c47c2cb3af04d959d5618adfac802d5" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1479" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:258px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a173412" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:2.8px;">Sensitivity of fair value measurements<div style="display:inline-block;width:4.29px"> </div>to changes in unobservable input<div style="display:inline-block;width:4.18px"> </div>assumptions</div><div id="a173413" style="position:absolute;font-family:'Frutiger';font-size:6.148px;font-weight:bold;font-style:normal;left:406.368px;top:3.5px;">1</div><div id="a173420" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:432.862px;top:18.6px;">31.12.22 </div><div id="a173423" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.008px;top:18.6px;">31.12.21 </div><div id="a173425" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:47px;">USD m </div><div id="a173428" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:35.2px;">Favorable<div style="display:inline-block;width:3.45px"> </div></div><div id="a173430" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:417.248px;top:47px;">changes </div><div id="a173432" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:478.288px;top:35.2px;">Unfavorable<div style="display:inline-block;width:2.77px"> </div></div><div id="a173434" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:492.475px;top:47px;">changes </div><div id="a173437" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.208px;top:35.2px;">Favorable<div style="display:inline-block;width:3.45px"> </div></div><div id="a173439" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.408px;top:47px;">changes </div><div id="a173441" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:634.915px;top:35.2px;">Unfavorable<div style="display:inline-block;width:2.77px"> </div></div><div id="a173443" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:648.635px;top:47px;">changes </div><div id="a173445" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:61.2px;">Traded loans, loans<div style="display:inline-block;width:3.91px"> </div>measured at fair value, loan<div style="display:inline-block;width:3.91px"> </div>commitments and guarantees </div><div id="a173448_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:437.582px;top:61.2px;">19</div><div id="a173451_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.115px;top:61.2px;display:flex;">(12)</div><div id="a173455_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:61.2px;">19</div><div id="a173458_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:61.2px;display:flex;">(13)</div><div id="a173461" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:77.3px;">Securities financing transactions </div><div id="a173464_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:437.582px;top:77.3px;">33</div><div id="a173467_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.115px;top:77.3px;display:flex;">(37)</div><div id="a173471_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:77.3px;">41</div><div id="a173474_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:77.3px;display:flex;">(53)</div><div id="a173477" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:93.8px;">Auction rate securities </div><div id="a173480_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.275px;top:93.8px;">46</div><div id="a173482" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:444.235px;top:94.5px;">2 </div><div id="a173484_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:504.808px;top:93.8px;display:flex;">(46)</div><div id="a173486" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:518.995px;top:94.5px;">2 </div><div id="a173489_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:93.8px;">66</div><div id="a173492_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:93.8px;display:flex;">(66)</div><div id="a173495" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:109.9px;">Asset-backed securities </div><div id="a173500_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:437.582px;top:109.9px;">27</div><div id="a173503_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.115px;top:109.9px;display:flex;">(27)</div><div id="a173507_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:109.9px;">20</div><div id="a173510_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:109.9px;display:flex;">(20)</div><div id="a173513" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:126.5px;">Equity instruments </div><div id="a173516_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:432.382px;top:126.5px;">183</div><div id="a173519_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:502.915px;top:126.5px;display:flex;">(161)</div><div id="a173523_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:126.5px;">173</div><div id="a173526_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.062px;top:126.5px;display:flex;">(146)</div><div id="a173529" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:142.6px;">Interest rate derivatives, net </div><div id="a173532_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.275px;top:142.6px;">18</div><div id="a173534" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:444.235px;top:143.2px;">2 </div><div id="a173536_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:504.808px;top:142.6px;display:flex;">(12)</div><div id="a173538" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:518.995px;top:143.2px;">2 </div><div id="a173541_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:142.6px;">29</div><div id="a173544_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:142.6px;display:flex;">(19)</div><div id="a173547" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:159.1px;">Credit derivatives, net </div><div id="a173550_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:442.342px;top:159.1px;">3</div><div id="a173553_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:512.848px;top:159.1px;display:flex;">(4)</div><div id="a173557_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.475px;top:159.1px;">5</div><div id="a173560_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:159.1px;display:flex;">(8)</div><div id="a173563" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:175.2px;">Foreign exchange derivatives,<div style="display:inline-block;width:3.71px"> </div>net </div><div id="a173566_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:437.582px;top:175.2px;">10</div><div id="a173569_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:512.848px;top:175.2px;display:flex;">(5)</div><div id="a173573_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:175.2px;">19</div><div id="a173576_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:175.2px;display:flex;">(11)</div><div id="a173579" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:191.8px;">Equity / index derivatives, net </div><div id="a173582_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:432.382px;top:191.8px;">361</div><div id="a173585_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:502.915px;top:191.8px;display:flex;">(330)</div><div id="a173589_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:191.8px;">368</div><div id="a173592_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.062px;top:191.8px;display:flex;">(335)</div><div id="a173595" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:207.9px;">Other </div><div id="a173598_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.275px;top:207.9px;">39</div><div id="a173600" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:444.235px;top:208.5px;">2 </div><div id="a173602_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:504.808px;top:207.9px;display:flex;">(62)</div><div id="a173604" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:518.995px;top:208.5px;">2 </div><div id="a173607_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:207.9px;">50</div><div id="a173610_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:207.9px;display:flex;">(73)</div><div id="a173613" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:223.9px;">Total </div><div id="a173616_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:432.382px;top:223.9px;">738</div><div id="a173619_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:502.915px;top:223.9px;display:flex;">(696)</div><div id="a173623_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:223.9px;">790</div><div id="a173626_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.062px;top:223.9px;display:flex;">(744)</div><div id="a173629" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:239px;">1 Sensitivity<div style="display:inline-block;width:3.47px"> </div>of issued and over-the<div style="display:inline-block;width:1.6px"> </div>-counter debt instruments<div style="display:inline-block;width:4.25px"> </div>is reported with<div style="display:inline-block;width:3.46px"> </div>the equivalent<div style="display:inline-block;width:3.93px"> </div>derivative or securities<div style="display:inline-block;width:4.39px"> </div>financing instrument.<div style="display:inline-block;width:10.57px"> </div>2 Includes refinements<div style="display:inline-block;width:4.11px"> </div>applied in estimating<div style="display:inline-block;width:4.25px"> </div>valuation uncertainty<div style="display:inline-block;width:3.78px"> </div>across </div><div id="a173635" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:249.4px;">various parameters.</div></div></div></div><div id="TextBlockContainer1482" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:95px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a173678" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">g) Level 3 instruments: movements<div style="display:inline-block;width:5.45px"> </div>during the period </div><div id="a173686" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.8px;">The table below<div style="display:inline-block;width:5.96px"> </div>presents additional<div style="display:inline-block;width:5.61px"> </div>information about<div style="display:inline-block;width:5.27px"> </div>material movements in<div style="display:inline-block;width:5.36px"> </div>Level 3<div style="display:inline-block;width:5.04px"> </div>assets and<div style="display:inline-block;width:5.23px"> </div>liabilities measured at </div><div id="a173692" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.9px;">fair value on a recurring basis,<div style="display:inline-block;width:5.14px"> </div>excluding any related hedging<div style="display:inline-block;width:5.7px"> </div>activity. </div><div id="a173696" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:66.1px;">Assets and<div style="display:inline-block;width:5.38px"> </div>liabilities transferred<div style="display:inline-block;width:5.18px"> </div>into or<div style="display:inline-block;width:5.03px"> </div>out of<div style="display:inline-block;width:5.13px"> </div>Level 3 are presented<div style="display:inline-block;width:6.1px"> </div>as if those<div style="display:inline-block;width:5.5px"> </div>assets or<div style="display:inline-block;width:5.35px"> </div>liabilities had<div style="display:inline-block;width:5.18px"> </div>been transferred </div><div id="a173700" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:81.2px;">at the beginning of<div style="display:inline-block;width:5.04px"> </div>the year.</div></div><div id="TextBlockContainer1486" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:690px;height:431px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1484_XBRL_TS_bd6d6572c18046e39d13cd67b8eda5ec" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1485" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:690px;height:431px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a173703" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Movements of Level 3<div style="display:inline-block;width:4.15px"> </div>instruments </div><div id="a173717" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:72.1px;">USD bn </div><div id="a173719" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:166.928px;top:48.4px;">Balance at </div><div id="a173720" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:155.102px;top:60.2px;">the beginning </div><div id="a173722" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:158.408px;top:72.1px;">of the period </div><div id="a173725" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:218.035px;top:13.4px;">Net gains / </div><div id="a173726" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:236.035px;top:25.2px;">losses </div><div id="a173727" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:217.555px;top:37.1px;">included in </div><div id="a173728" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:227.488px;top:48.4px;">compre- </div><div id="a173731" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:230.328px;top:60.2px;">hensive </div><div id="a173732" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:228.435px;top:72.1px;">income</div><div id="a173733" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:254.475px;top:72.7px;">1</div><div id="a173735" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:271.502px;top:13.4px;">of which: </div><div id="a173736" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:270.088px;top:25.2px;">related to </div><div id="a173737" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:262.995px;top:37.1px;">instruments </div><div id="a173738" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:265.822px;top:48.4px;">held at the </div><div id="a173739" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:267.715px;top:60.2px;">end of the </div><div id="a173740" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:281.902px;top:72.1px;">period </div><div id="a173743" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:317.408px;top:72.1px;">Purchases </div><div id="a173745" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:374.662px;top:72.1px;">Sales </div><div id="a173747" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.062px;top:72.1px;">Issuances </div><div id="a173749" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:447.075px;top:72.1px;">Settlements </div><div id="a173751" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.488px;top:48.4px;">Transfers<div style="display:inline-block;width:3.37px"> </div></div><div id="a173753" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:60.2px;">into<div style="display:inline-block;width:2.56px"> </div></div><div id="a173755" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:508.115px;top:72.1px;">Level 3 </div><div id="a173757" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:545.475px;top:48.4px;">Transfers<div style="display:inline-block;width:3.4px"> </div></div><div id="a173759" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:555.902px;top:60.2px;">out of<div style="display:inline-block;width:2.62px"> </div></div><div id="a173761" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:552.128px;top:72.1px;">Level 3 </div><div id="a173763" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.995px;top:48.4px;">Foreign<div style="display:inline-block;width:2.87px"> </div></div><div id="a173765" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:594.688px;top:60.2px;">currency<div style="display:inline-block;width:2.7px"> </div></div><div id="a173767" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:586.648px;top:72.1px;">translation </div><div id="a173769" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:643.902px;top:48.4px;">Balance at </div><div id="a173770" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:654.808px;top:60.2px;">the end </div><div id="a173772" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:635.382px;top:72.1px;">of the period </div><div id="a173788" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:3.679px;top:89.1px;">For the twelve months ended<div style="display:inline-block;width:4.01px"> </div>31 December 2022</div><div id="a173789" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:182.568px;top:89.7px;">2</div><div id="a173817" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:106.6px;">Financial assets at fair value held<div style="display:inline-block;width:4.06px"> </div>for </div><div id="a173818" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:118.4px;">trading </div><div id="a173820_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.968px;top:118.4px;">2.3</div><div id="a173824_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:240.768px;top:118.4px;display:flex;">(0.3)</div><div id="a173827_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:288.555px;top:118.4px;display:flex;">(0.3)</div><div id="a173831_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.088px;top:118.4px;">0.3</div><div id="a173834_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:376.555px;top:118.4px;display:flex;">(1.8)</div><div id="a173837_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:425.288px;top:118.4px;">0.5</div><div id="a173840" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:477.822px;top:118.4px;">0.0</div><div id="a173842_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:521.355px;top:118.4px;">0.7</div><div id="a173845_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:561.115px;top:118.4px;display:flex;">(0.3)</div><div id="a173848_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:608.902px;top:118.4px;display:flex;">(0.0)</div><div id="a173851_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:669.942px;top:118.4px;">1.5</div><div id="a173854" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:130.7px;">of which: Investment fund units </div><div id="a173857_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:130.7px;">0.0</div><div id="a173861_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:240.288px;top:130.7px;display:flex;">(0.0)</div><div id="a173864_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.088px;top:130.7px;display:flex;">(0.0)</div><div id="a173868_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:130.7px;">0.0</div><div id="a173871_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:376.075px;top:130.7px;display:flex;">(0.0)</div><div id="a173874" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:130.7px;">0.0</div><div id="a173876" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:477.822px;top:130.7px;">0.0</div><div id="a173878_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:130.7px;">0.1</div><div id="a173881_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.635px;top:130.7px;display:flex;">(0.0)</div><div id="a173884_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:130.7px;display:flex;">(0.0)</div><div id="a173887_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.408px;top:130.7px;">0.1</div><div id="a173890" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:143.5px;">of which: Corporate and municipal </div><div id="a173893" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:155.3px;">bonds </div><div id="a173895_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:155.3px;">0.6</div><div id="a173899_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:240.288px;top:155.3px;display:flex;">(0.0)</div><div id="a173902_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.088px;top:155.3px;display:flex;">(0.0)</div><div id="a173906_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:155.3px;">0.3</div><div id="a173909_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:376.075px;top:155.3px;display:flex;">(0.6)</div><div id="a173912" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:155.3px;">0.0</div><div id="a173914" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:477.822px;top:155.3px;">0.0</div><div id="a173916_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:155.3px;">0.4</div><div id="a173919_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.635px;top:155.3px;display:flex;">(0.0)</div><div id="a173922_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:155.3px;display:flex;">(0.0)</div><div id="a173925_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.408px;top:155.3px;">0.5</div><div id="a173928" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:168.6px;">of which: Loans </div><div id="a173930_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:168.6px;">1.4</div><div id="a173934_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:240.288px;top:168.6px;display:flex;">(0.1)</div><div id="a173937_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.088px;top:168.6px;display:flex;">(0.1)</div><div id="a173941_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:168.6px;">0.0</div><div id="a173944_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:376.075px;top:168.6px;display:flex;">(1.1)</div><div id="a173947_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:168.6px;">0.5</div><div id="a173950" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:477.822px;top:168.6px;">0.0</div><div id="a173952" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:168.6px;">0.0</div><div id="a173954_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.635px;top:168.6px;display:flex;">(0.2)</div><div id="a173957_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.635px;top:168.6px;">0.0</div><div id="a173960_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.408px;top:168.6px;">0.6</div><div id="a173977" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:186.5px;">Derivative financial instruments – </div><div id="a173980" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:198.4px;">assets </div><div id="a173982_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.968px;top:198.4px;">1.1</div><div id="a173986_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:245.022px;top:198.4px;">0.6</div><div id="a173989_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:292.808px;top:198.4px;">0.3</div><div id="a173993" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.555px;top:198.4px;">0.0</div><div id="a173995" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:381.275px;top:198.4px;">0.0</div><div id="a173997_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:425.288px;top:198.4px;">0.4</div><div id="a174000_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:473.088px;top:198.4px;display:flex;">(0.7)</div><div id="a174003_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:521.355px;top:198.4px;">0.1</div><div id="a174006_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:561.115px;top:198.4px;display:flex;">(0.0)</div><div id="a174009_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:608.902px;top:198.4px;display:flex;">(0.0)</div><div id="a174012_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:669.942px;top:198.4px;">1.5</div><div id="a174015" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:210.7px;">of which: Interest rate </div><div id="a174018_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:210.7px;">0.5</div><div id="a174022_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:245.488px;top:210.7px;">0.3</div><div id="a174025_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:293.288px;top:210.7px;">0.3</div><div id="a174029" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:210.7px;">0.0</div><div id="a174031" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:381.275px;top:210.7px;">0.0</div><div id="a174033_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:210.7px;">0.0</div><div id="a174036_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:472.608px;top:210.7px;display:flex;">(0.2)</div><div id="a174039_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:210.7px;">0.0</div><div id="a174042_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.635px;top:210.7px;display:flex;">(0.1)</div><div id="a174045_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:210.7px;display:flex;">(0.0)</div><div id="a174048_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.408px;top:210.7px;">0.5</div><div id="a174051" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:223.5px;">of which: Equity / index </div><div id="a174053_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:223.5px;">0.4</div><div id="a174057_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:245.488px;top:223.5px;">0.2</div><div id="a174060_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:293.288px;top:223.5px;">0.1</div><div id="a174064" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:223.5px;">0.0</div><div id="a174066" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:381.275px;top:223.5px;">0.0</div><div id="a174068_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:223.5px;">0.4</div><div id="a174071_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:472.608px;top:223.5px;display:flex;">(0.3)</div><div id="a174074_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:223.5px;">0.1</div><div id="a174077_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.635px;top:223.5px;display:flex;">(0.0)</div><div id="a174080_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:223.5px;display:flex;">(0.0)</div><div id="a174083_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.408px;top:223.5px;">0.7</div><div id="a174086" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:236.7px;">of which: Credit </div><div id="a174088_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:236.7px;">0.2</div><div id="a174092_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:245.488px;top:236.7px;">0.1</div><div id="a174095_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.088px;top:236.7px;display:flex;">(0.1)</div><div id="a174099" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:236.7px;">0.0</div><div id="a174101" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:381.275px;top:236.7px;">0.0</div><div id="a174103_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:236.7px;">0.0</div><div id="a174106_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:472.608px;top:236.7px;display:flex;">(0.2)</div><div id="a174109" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:236.7px;">0.0</div><div id="a174111_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:565.835px;top:236.7px;">0.1</div><div id="a174114_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.635px;top:236.7px;">0.0</div><div id="a174117_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.408px;top:236.7px;">0.3</div><div id="a174134" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:254.7px;">Financial assets at fair value not<div style="display:inline-block;width:3.76px"> </div>held </div><div id="a174135" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:266.5px;">for trading </div><div id="a174137_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.968px;top:266.5px;">4.2</div><div id="a174141_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:245.022px;top:266.5px;">0.1</div><div id="a174144_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:292.808px;top:266.5px;">0.1</div><div id="a174148_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.088px;top:266.5px;">0.7</div><div id="a174151_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:376.555px;top:266.5px;display:flex;">(1.2)</div><div id="a174154_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:425.288px;top:266.5px;">0.1</div><div id="a174157_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:473.088px;top:266.5px;display:flex;">(0.0)</div><div id="a174160_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:521.355px;top:266.5px;">0.2</div><div id="a174163_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:561.115px;top:266.5px;display:flex;">(0.3)</div><div id="a174166_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:608.902px;top:266.5px;display:flex;">(0.0)</div><div id="a174169_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:669.942px;top:266.5px;">3.7</div><div id="a174172" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:278.8px;">of which: Loans </div><div id="a174175_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:278.8px;">0.9</div><div id="a174179_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:240.288px;top:278.8px;display:flex;">(0.0)</div><div id="a174182_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.088px;top:278.8px;display:flex;">(0.0)</div><div id="a174186_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:278.8px;">0.4</div><div id="a174189_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:376.075px;top:278.8px;display:flex;">(0.4)</div><div id="a174192_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:278.8px;">0.1</div><div id="a174195" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:477.822px;top:278.8px;">0.0</div><div id="a174197_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:278.8px;">0.1</div><div id="a174200_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.635px;top:278.8px;display:flex;">(0.3)</div><div id="a174203_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:278.8px;display:flex;">(0.0)</div><div id="a174206_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.408px;top:278.8px;">0.7</div><div id="a174209" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:291.6px;">of which: Auction rate securities </div><div id="a174211_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:291.6px;">1.6</div><div id="a174215_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:245.488px;top:291.6px;">0.1</div><div id="a174218_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:293.288px;top:291.6px;">0.0</div><div id="a174222" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:291.6px;">0.0</div><div id="a174224_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:376.075px;top:291.6px;display:flex;">(0.3)</div><div id="a174227" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:291.6px;">0.0</div><div id="a174229" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:477.822px;top:291.6px;">0.0</div><div id="a174231" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:291.6px;">0.0</div><div id="a174233" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:565.835px;top:291.6px;">0.0</div><div id="a174235" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.635px;top:291.6px;">0.0</div><div id="a174237_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.408px;top:291.6px;">1.3</div><div id="a174240" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:304.8px;">of which: Equity instruments </div><div id="a174242_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:304.8px;">0.7</div><div id="a174246_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:245.488px;top:304.8px;">0.0</div><div id="a174249_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:293.288px;top:304.8px;">0.0</div><div id="a174253_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:304.8px;">0.1</div><div id="a174256_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:376.075px;top:304.8px;display:flex;">(0.1)</div><div id="a174259" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:304.8px;">0.0</div><div id="a174261" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:477.822px;top:304.8px;">0.0</div><div id="a174263_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:304.8px;">0.1</div><div id="a174266" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:565.835px;top:304.8px;">0.0</div><div id="a174268_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:304.8px;display:flex;">(0.0)</div><div id="a174271_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.408px;top:304.8px;">0.8</div><div id="a174288" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:322.8px;">Derivative financial instruments – </div><div id="a174291" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:334.6px;">liabilities </div><div id="a174293_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.968px;top:334.6px;">2.2</div><div id="a174297_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:240.768px;top:334.6px;display:flex;">(0.8)</div><div id="a174300_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:288.555px;top:334.6px;display:flex;">(0.4)</div><div id="a174304" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.555px;top:334.6px;">0.0</div><div id="a174306" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:381.275px;top:334.6px;">0.0</div><div id="a174308_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:425.288px;top:334.6px;">1.1</div><div id="a174311_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:473.088px;top:334.6px;display:flex;">(0.9)</div><div id="a174314_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:521.355px;top:334.6px;">0.3</div><div id="a174317_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:561.115px;top:334.6px;display:flex;">(0.2)</div><div id="a174320_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:608.902px;top:334.6px;display:flex;">(0.1)</div><div id="a174323_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:669.942px;top:334.6px;">1.7</div><div id="a174326" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:346.9px;">of which: Interest rate </div><div id="a174329_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:346.9px;">0.3</div><div id="a174333_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:240.288px;top:346.9px;display:flex;">(0.3)</div><div id="a174336_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.088px;top:346.9px;display:flex;">(0.0)</div><div id="a174340" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:346.9px;">0.0</div><div id="a174342" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:381.275px;top:346.9px;">0.0</div><div id="a174344_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:346.9px;">0.1</div><div id="a174347_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:472.608px;top:346.9px;display:flex;">(0.0)</div><div id="a174350_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:346.9px;">0.0</div><div id="a174353_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.635px;top:346.9px;display:flex;">(0.0)</div><div id="a174356_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:346.9px;display:flex;">(0.0)</div><div id="a174359_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.408px;top:346.9px;">0.1</div><div id="a174362" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:359.7px;">of which: Equity / index </div><div id="a174364_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:359.7px;">1.5</div><div id="a174368_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:240.288px;top:359.7px;display:flex;">(0.4)</div><div id="a174371_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.088px;top:359.7px;display:flex;">(0.3)</div><div id="a174375" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:359.7px;">0.0</div><div id="a174377" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:381.275px;top:359.7px;">0.0</div><div id="a174379_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:359.7px;">0.8</div><div id="a174382_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:472.608px;top:359.7px;display:flex;">(0.7)</div><div id="a174385_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:359.7px;">0.1</div><div id="a174388_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.635px;top:359.7px;display:flex;">(0.2)</div><div id="a174391_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:359.7px;display:flex;">(0.0)</div><div id="a174394_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.408px;top:359.7px;">1.2</div><div id="a174397" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:372.9px;">of which: Credit </div><div id="a174399_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:372.9px;">0.3</div><div id="a174403_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:240.288px;top:372.9px;display:flex;">(0.1)</div><div id="a174406_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.088px;top:372.9px;display:flex;">(0.0)</div><div id="a174410" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:372.9px;">0.0</div><div id="a174412" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:381.275px;top:372.9px;">0.0</div><div id="a174414_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:372.9px;">0.1</div><div id="a174417_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:472.608px;top:372.9px;display:flex;">(0.1)</div><div id="a174420_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:372.9px;">0.1</div><div id="a174423_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.635px;top:372.9px;display:flex;">(0.0)</div><div id="a174426_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:372.9px;display:flex;">(0.0)</div><div id="a174429_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.408px;top:372.9px;">0.3</div><div id="a174446" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:390.9px;">Debt issued designated at fair value </div><div id="a174448_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:188.235px;top:390.9px;">11.9</div><div id="a174452_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:240.768px;top:390.9px;display:flex;">(1.3)</div><div id="a174455_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:288.555px;top:390.9px;display:flex;">(0.9)</div><div id="a174459" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.555px;top:390.9px;">0.0</div><div id="a174461" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:381.275px;top:390.9px;">0.0</div><div id="a174463_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:425.288px;top:390.9px;">4.7</div><div id="a174466_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:473.088px;top:390.9px;display:flex;">(3.1)</div><div id="a174469_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:521.355px;top:390.9px;">0.7</div><div id="a174472_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:561.115px;top:390.9px;display:flex;">(3.3)</div><div id="a174475_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:608.902px;top:390.9px;display:flex;">(0.3)</div><div id="a174478_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:669.942px;top:390.9px;">9.2</div><div id="a174495" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:408.4px;">Other financial liabilities designated at </div><div id="a174496" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:419.8px;">fair value</div><div id="a174497" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:37.287px;top:420.4px;">3</div><div id="a174499_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.968px;top:419.8px;">3.2</div><div id="a174503_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:240.768px;top:419.8px;display:flex;">(1.0)</div><div id="a174506_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:288.555px;top:419.8px;display:flex;">(1.0)</div><div id="a174510" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.555px;top:419.8px;">0.0</div><div id="a174512" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:381.275px;top:419.8px;">0.0</div><div id="a174514_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:425.288px;top:419.8px;">0.0</div><div id="a174517_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:473.088px;top:419.8px;display:flex;">(0.1)</div><div id="a174520_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:521.355px;top:419.8px;">0.1</div><div id="a174523_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:561.115px;top:419.8px;display:flex;">(0.2)</div><div id="a174526_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:608.902px;top:419.8px;display:flex;">(0.0)</div><div id="a174529_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:669.942px;top:419.8px;">2.0</div></div></div></div><div id="TextBlockContainer1489" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:688px;height:399px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a174533" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:0px;">For the twelve months ended<div style="display:inline-block;width:4.05px"> </div>31 December 2021 </div><div id="a174562" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:18.5px;">Financial assets at fair value held<div style="display:inline-block;width:4.06px"> </div>for </div><div id="a174563" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:30.3px;">trading </div><div id="a174565_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.47px;top:30.3px;">2.3</div><div id="a174569_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:239.324px;top:30.3px;display:flex;">(0.0)</div><div id="a174572_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:287.11px;top:30.3px;display:flex;">(0.1)</div><div id="a174576_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:339.644px;top:30.3px;">0.3</div><div id="a174579_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:375.11px;top:30.3px;display:flex;">(1.6)</div><div id="a174582_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.844px;top:30.3px;">1.2</div><div id="a174585" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.377px;top:30.3px;">0.0</div><div id="a174587_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.91px;top:30.3px;">0.3</div><div id="a174590_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.67px;top:30.3px;display:flex;">(0.3)</div><div id="a174593_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.457px;top:30.3px;display:flex;">(0.0)</div><div id="a174596_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:30.3px;">2.3</div><div id="a174599" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:42.6px;">of which: Investment fund units </div><div id="a174602_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:42.6px;">0.0</div><div id="a174606_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:238.844px;top:42.6px;display:flex;">(0.0)</div><div id="a174609_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:286.644px;top:42.6px;display:flex;">(0.0)</div><div id="a174613_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:42.6px;">0.0</div><div id="a174616_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:374.63px;top:42.6px;display:flex;">(0.0)</div><div id="a174619" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:42.6px;">0.0</div><div id="a174621" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:476.377px;top:42.6px;">0.0</div><div id="a174623_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:42.6px;">0.0</div><div id="a174626_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:559.19px;top:42.6px;display:flex;">(0.0)</div><div id="a174629_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:606.99px;top:42.6px;display:flex;">(0.0)</div><div id="a174632_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.977px;top:42.6px;">0.0</div><div id="a174635" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:55.4px;">of which: Corporate and municipal </div><div id="a174636" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:67.2px;">bonds </div><div id="a174638_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:67.2px;">0.8</div><div id="a174642_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:244.044px;top:67.2px;">0.0</div><div id="a174645_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:286.644px;top:67.2px;display:flex;">(0.0)</div><div id="a174649_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:67.2px;">0.2</div><div id="a174652_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:374.63px;top:67.2px;display:flex;">(0.4)</div><div id="a174655" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:67.2px;">0.0</div><div id="a174657" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:476.377px;top:67.2px;">0.0</div><div id="a174659_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:67.2px;">0.0</div><div id="a174662_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:559.19px;top:67.2px;display:flex;">(0.1)</div><div id="a174665_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:606.99px;top:67.2px;display:flex;">(0.0)</div><div id="a174668_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.977px;top:67.2px;">0.6</div><div id="a174671" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:80.4px;">of which: Loans </div><div id="a174673_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:80.4px;">1.1</div><div id="a174677_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:244.044px;top:80.4px;">0.0</div><div id="a174680_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:286.644px;top:80.4px;display:flex;">(0.0)</div><div id="a174684_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:80.4px;">0.0</div><div id="a174687_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:374.63px;top:80.4px;display:flex;">(0.8)</div><div id="a174690_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:80.4px;">1.2</div><div id="a174693" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:476.377px;top:80.4px;">0.0</div><div id="a174695_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:80.4px;">0.0</div><div id="a174698_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:559.19px;top:80.4px;display:flex;">(0.2)</div><div id="a174701_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:612.19px;top:80.4px;">0.0</div><div id="a174704_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.977px;top:80.4px;">1.4</div><div id="a174721" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:98.4px;">Derivative financial instruments – </div><div id="a174724" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:109.8px;">assets </div><div id="a174726_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.47px;top:109.8px;">1.8</div><div id="a174730_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:239.324px;top:109.8px;display:flex;">(0.2)</div><div id="a174733_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:287.11px;top:109.8px;display:flex;">(0.1)</div><div id="a174737" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:340.11px;top:109.8px;">0.0</div><div id="a174739" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:109.8px;">0.0</div><div id="a174741_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.844px;top:109.8px;">0.5</div><div id="a174744_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:471.644px;top:109.8px;display:flex;">(0.7)</div><div id="a174747_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.91px;top:109.8px;">0.1</div><div id="a174750_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.67px;top:109.8px;display:flex;">(0.3)</div><div id="a174753_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.457px;top:109.8px;display:flex;">(0.0)</div><div id="a174756_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:109.8px;">1.1</div><div id="a174759" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:122.5px;">of which: Interest rate </div><div id="a174762_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:122.5px;">0.5</div><div id="a174766_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:244.044px;top:122.5px;">0.1</div><div id="a174769_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:291.844px;top:122.5px;">0.1</div><div id="a174773" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:122.5px;">0.0</div><div id="a174775" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:379.83px;top:122.5px;">0.0</div><div id="a174777_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:122.5px;">0.1</div><div id="a174780_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:471.164px;top:122.5px;display:flex;">(0.2)</div><div id="a174783_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:122.5px;">0.0</div><div id="a174786_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:559.19px;top:122.5px;display:flex;">(0.1)</div><div id="a174789_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:606.99px;top:122.5px;display:flex;">(0.0)</div><div id="a174792_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.977px;top:122.5px;">0.5</div><div id="a174795" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:135.3px;">of which: Equity / index </div><div id="a174797_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:135.3px;">0.9</div><div id="a174801_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:238.844px;top:135.3px;display:flex;">(0.1)</div><div id="a174804_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:286.644px;top:135.3px;display:flex;">(0.1)</div><div id="a174808" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:135.3px;">0.0</div><div id="a174810" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:379.83px;top:135.3px;">0.0</div><div id="a174812_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:135.3px;">0.3</div><div id="a174815_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:471.164px;top:135.3px;display:flex;">(0.4)</div><div id="a174818_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:135.3px;">0.0</div><div id="a174821_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:559.19px;top:135.3px;display:flex;">(0.2)</div><div id="a174824_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:606.99px;top:135.3px;display:flex;">(0.0)</div><div id="a174827_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.977px;top:135.3px;">0.4</div><div id="a174830" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:148.6px;">of which: Credit </div><div id="a174832_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:148.6px;">0.3</div><div id="a174836_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:238.844px;top:148.6px;display:flex;">(0.1)</div><div id="a174839_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:286.644px;top:148.6px;display:flex;">(0.1)</div><div id="a174843" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:148.6px;">0.0</div><div id="a174845" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:379.83px;top:148.6px;">0.0</div><div id="a174847_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:148.6px;">0.0</div><div id="a174850_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:471.164px;top:148.6px;display:flex;">(0.1)</div><div id="a174853_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:148.6px;">0.0</div><div id="a174856_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:559.19px;top:148.6px;display:flex;">(0.0)</div><div id="a174859_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:612.19px;top:148.6px;">0.0</div><div id="a174862_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.977px;top:148.6px;">0.2</div><div id="a174879" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:166.6px;">Financial assets at fair value not<div style="display:inline-block;width:3.76px"> </div>held </div><div id="a174880" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:177.9px;">for trading </div><div id="a174882_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.47px;top:177.9px;">3.9</div><div id="a174886_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:243.577px;top:177.9px;">0.1</div><div id="a174889_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:291.377px;top:177.9px;">0.1</div><div id="a174893_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:339.644px;top:177.9px;">1.0</div><div id="a174896_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:375.11px;top:177.9px;display:flex;">(0.6)</div><div id="a174899" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:424.324px;top:177.9px;">0.0</div><div id="a174901_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:475.897px;top:177.9px;">0.0</div><div id="a174904_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.91px;top:177.9px;">0.1</div><div id="a174907_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.67px;top:177.9px;display:flex;">(0.3)</div><div id="a174910_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.457px;top:177.9px;display:flex;">(0.0)</div><div id="a174913_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:177.9px;">4.2</div><div id="a174916" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:190.7px;">of which: Loans </div><div id="a174919_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:190.7px;">0.9</div><div id="a174923_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:238.844px;top:190.7px;display:flex;">(0.0)</div><div id="a174926_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:291.844px;top:190.7px;">0.0</div><div id="a174930_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:190.7px;">0.6</div><div id="a174933_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:374.63px;top:190.7px;display:flex;">(0.3)</div><div id="a174936" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:190.7px;">0.0</div><div id="a174938" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:476.377px;top:190.7px;">0.0</div><div id="a174940_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:190.7px;">0.0</div><div id="a174943_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:559.19px;top:190.7px;display:flex;">(0.3)</div><div id="a174946_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:606.99px;top:190.7px;display:flex;">(0.0)</div><div id="a174949_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.977px;top:190.7px;">0.9</div><div id="a174952" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:203.5px;">of which: Auction rate securities </div><div id="a174954_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:203.5px;">1.5</div><div id="a174958_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:244.044px;top:203.5px;">0.1</div><div id="a174961_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:291.844px;top:203.5px;">0.1</div><div id="a174965" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:203.5px;">0.0</div><div id="a174967" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:379.83px;top:203.5px;">0.0</div><div id="a174969" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:203.5px;">0.0</div><div id="a174971" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:476.377px;top:203.5px;">0.0</div><div id="a174973" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:203.5px;">0.0</div><div id="a174975" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:564.39px;top:203.5px;">0.0</div><div id="a174977" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:612.19px;top:203.5px;">0.0</div><div id="a174979_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.977px;top:203.5px;">1.6</div><div id="a174982" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:216.7px;">of which: Equity instruments </div><div id="a174984_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:216.7px;">0.5</div><div id="a174988_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:244.044px;top:216.7px;">0.1</div><div id="a174991_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:291.844px;top:216.7px;">0.1</div><div id="a174995_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:216.7px;">0.1</div><div id="a174998_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:374.63px;top:216.7px;display:flex;">(0.1)</div><div id="a175001" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:216.7px;">0.0</div><div id="a175003_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:476.377px;top:216.7px;">0.0</div><div id="a175006_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:216.7px;">0.0</div><div id="a175009_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:559.19px;top:216.7px;display:flex;">(0.0)</div><div id="a175012_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:606.99px;top:216.7px;display:flex;">(0.0)</div><div id="a175015_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.977px;top:216.7px;">0.7</div><div id="a175032" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:234.7px;">Derivative financial instruments – </div><div id="a175035" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:246px;">liabilities </div><div id="a175037_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.47px;top:246px;">3.5</div><div id="a175041_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:243.577px;top:246px;">0.2</div><div id="a175044_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:287.11px;top:246px;display:flex;">(0.0)</div><div id="a175048_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:339.644px;top:246px;">0.0</div><div id="a175051" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:246px;">0.0</div><div id="a175053_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.844px;top:246px;">0.9</div><div id="a175056_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:471.644px;top:246px;display:flex;">(1.8)</div><div id="a175059_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.91px;top:246px;">0.0</div><div id="a175062_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.67px;top:246px;display:flex;">(0.5)</div><div id="a175065_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.457px;top:246px;display:flex;">(0.0)</div><div id="a175068_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:246px;">2.2</div><div id="a175071" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:258.8px;">of which: Interest rate </div><div id="a175074_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:258.8px;">0.5</div><div id="a175078_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:238.844px;top:258.8px;display:flex;">(0.1)</div><div id="a175081_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:286.644px;top:258.8px;display:flex;">(0.1)</div><div id="a175085" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:258.8px;">0.0</div><div id="a175087" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:379.83px;top:258.8px;">0.0</div><div id="a175089_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:258.8px;">0.0</div><div id="a175092_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:471.164px;top:258.8px;display:flex;">(0.1)</div><div id="a175095" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:258.8px;">0.0</div><div id="a175097_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:559.19px;top:258.8px;display:flex;">(0.0)</div><div id="a175100_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:606.99px;top:258.8px;display:flex;">(0.0)</div><div id="a175103_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.977px;top:258.8px;">0.3</div><div id="a175106" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:271.6px;">of which: Equity / index </div><div id="a175108_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:271.6px;">2.3</div><div id="a175112_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:244.044px;top:271.6px;">0.3</div><div id="a175115_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:291.844px;top:271.6px;">0.1</div><div id="a175119" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:271.6px;">0.0</div><div id="a175121" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:379.83px;top:271.6px;">0.0</div><div id="a175123_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:271.6px;">0.8</div><div id="a175126_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:471.164px;top:271.6px;display:flex;">(1.5)</div><div id="a175129_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:271.6px;">0.0</div><div id="a175132_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:559.19px;top:271.6px;display:flex;">(0.4)</div><div id="a175135_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:606.99px;top:271.6px;display:flex;">(0.0)</div><div id="a175138_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.977px;top:271.6px;">1.5</div><div id="a175141" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:284.8px;">of which: Credit </div><div id="a175143_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:284.8px;">0.5</div><div id="a175147_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:238.844px;top:284.8px;display:flex;">(0.1)</div><div id="a175150_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:286.644px;top:284.8px;display:flex;">(0.1)</div><div id="a175154_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:284.8px;">0.0</div><div id="a175157" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:379.83px;top:284.8px;">0.0</div><div id="a175159_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:284.8px;">0.0</div><div id="a175162_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:471.164px;top:284.8px;display:flex;">(0.0)</div><div id="a175165" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:284.8px;">0.0</div><div id="a175167_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:559.19px;top:284.8px;display:flex;">(0.1)</div><div id="a175170_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:606.99px;top:284.8px;display:flex;">(0.0)</div><div id="a175173_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.977px;top:284.8px;">0.3</div><div id="a175190" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:304.7px;">Debt issued designated at fair value </div><div id="a175192_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.47px;top:307.1px;">9.6</div><div id="a175196_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:243.577px;top:307.1px;">0.7</div><div id="a175199_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:291.377px;top:307.1px;">0.6</div><div id="a175203" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:340.11px;top:307.1px;">0.0</div><div id="a175205" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:307.1px;">0.0</div><div id="a175207_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.844px;top:307.1px;">7.1</div><div id="a175210_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:471.644px;top:307.1px;display:flex;">(4.2)</div><div id="a175213_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.91px;top:307.1px;">0.1</div><div id="a175216_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.67px;top:307.1px;display:flex;">(1.2)</div><div id="a175219_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.457px;top:307.1px;display:flex;">(0.2)</div><div id="a175222_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:307.1px;">11.9</div><div id="a175239" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:324.6px;">Other financial liabilities designated at </div><div id="a175240" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:335.9px;">fair value </div><div id="a175242_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.47px;top:335.9px;">2.1</div><div id="a175246_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:243.577px;top:335.9px;">0.0</div><div id="a175249_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:291.377px;top:335.9px;">0.0</div><div id="a175253" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:340.11px;top:335.9px;">0.0</div><div id="a175255" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:335.9px;">0.0</div><div id="a175257_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.844px;top:335.9px;">1.3</div><div id="a175260_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:471.644px;top:335.9px;display:flex;">(0.2)</div><div id="a175263_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.91px;top:335.9px;">0.0</div><div id="a175266_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.67px;top:335.9px;display:flex;">(0.0)</div><div id="a175269_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.457px;top:335.9px;display:flex;">(0.0)</div><div id="a175272_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:335.9px;">3.2</div><div id="a175275" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:350px;">1 Net gains / losses included in comprehensive<div style="display:inline-block;width:3.48px"> </div>income are recognized in Net interest<div style="display:inline-block;width:3.79px"> </div>income and Other net income<div style="display:inline-block;width:3.45px"> </div>from financial instruments<div style="display:inline-block;width:3.41px"> </div>measured at fair value through<div style="display:inline-block;width:3.64px"> </div>profit or loss in the Income statement, and </div><div id="a175280" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:359.9px;">also in<div style="display:inline-block;width:3.46px"> </div>Gains /<div style="display:inline-block;width:4.26px"> </div>(losses) from<div style="display:inline-block;width:4.4px"> </div>own credit<div style="display:inline-block;width:4.25px"> </div>on financial<div style="display:inline-block;width:4.36px"> </div>liabilities<div style="display:inline-block;width:3.61px"> </div>designated at<div style="display:inline-block;width:3.8px"> </div>fair value,<div style="display:inline-block;width:4.89px"> </div>before tax<div style="display:inline-block;width:4.26px"> </div>in the<div style="display:inline-block;width:3.63px"> </div>Statement<div style="display:inline-block;width:3.94px"> </div>of comprehensive<div style="display:inline-block;width:4.39px"> </div>income.<div style="display:inline-block;width:11.97px"> </div>2 Total<div style="display:inline-block;width:4.74px"> </div>Level 3<div style="display:inline-block;width:3.53px"> </div>assets as<div style="display:inline-block;width:3.63px"> </div>of 31 December<div style="display:inline-block;width:4.63px"> </div>2022<div style="display:inline-block;width:3.52px"> </div>were USD </div><div id="a175280_203_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:662.763px;top:359.9px;">6.7</div><div id="a175280_206_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:673.166px;top:359.9px;">bn </div><div id="a175286" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:369.9px;">(31 December 2021:<div style="display:inline-block;width:3.87px"> </div>USD </div><div id="a175286_23_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:86.413px;top:369.9px;">7.6</div><div id="a175286_26_63" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:96.817px;top:369.9px;">bn). Total Level<div style="display:inline-block;width:3.72px"> </div>3 liabilities<div style="display:inline-block;width:3.63px"> </div>as of 31 December<div style="display:inline-block;width:3.85px"> </div>2022 were<div style="display:inline-block;width:3.84px"> </div>USD </div><div id="a175286_89_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:299.404px;top:369.9px;">13.0</div><div id="a175286_93_26" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:314.064px;top:369.9px;">bn (31 December 2021:<div style="display:inline-block;width:3.92px"> </div>USD </div><div id="a175286_119_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:407.266px;top:369.9px;">17.4</div><div id="a175286_123_21" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:422.399px;top:369.9px;">bn).<div style="display:inline-block;width:9.15px"> </div>3 Of the<div style="display:inline-block;width:3.95px"> </div>USD </div><div id="a175286_144_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:489.079px;top:369.9px;">1.0</div><div id="a175286_147_59" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:499.483px;top:369.9px;">bn in net gains<div style="display:inline-block;width:3.64px"> </div>/ losses that<div style="display:inline-block;width:3.63px"> </div>is included in<div style="display:inline-block;width:3.94px"> </div>comprehensive </div><div id="a175296" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:380.3px;">income, USD </div><div id="a175296_12_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:45.742px;top:380.3px;">0.6</div><div id="a175296_15_49" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:56.146px;top:380.3px;">bn is recognized<div style="display:inline-block;width:3.78px"> </div>in the Income<div style="display:inline-block;width:4.25px"> </div>statement and<div style="display:inline-block;width:3.63px"> </div>USD </div><div id="a175296_64_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:220.243px;top:380.3px;">0.4</div><div id="a175296_67_145" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:230.647px;top:380.3px;">bn is recognized<div style="display:inline-block;width:3.78px"> </div>in the Statement<div style="display:inline-block;width:4.11px"> </div>of comprehensive<div style="display:inline-block;width:3.44px"> </div>income in<div style="display:inline-block;width:3.39px"> </div>Gains / (losses)<div style="display:inline-block;width:4.13px"> </div>from own credit<div style="display:inline-block;width:4.4px"> </div>on financial liabilities<div style="display:inline-block;width:4.41px"> </div>designated at fair<div style="display:inline-block;width:3.49px"> </div>value, </div><div id="a175299" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:390.2px;">before tax.</div></div><div id="TextBlockContainer1492" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:171px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a175344" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">h) Maximum exposure to credit risk<div style="display:inline-block;width:5.21px"> </div>for financial instruments measured<div style="display:inline-block;width:5.2px"> </div>at fair value </div><div id="a175349" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.8px;">The tables below provide UBS AG’s maximum exposure to credit risk for financial instruments measured at fair value and </div><div id="a175353" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.9px;">the respective collateral and<div style="display:inline-block;width:5.02px"> </div>other credit enhancements mitigating<div style="display:inline-block;width:5.62px"> </div>credit risk for these<div style="display:inline-block;width:4.94px"> </div>classes of financial instruments.<div style="display:inline-block;width:4.88px"> </div></div><div id="a175356" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:66.1px;">The maximum exposure<div style="display:inline-block;width:6.06px"> </div>to credit risk<div style="display:inline-block;width:5.08px"> </div>includes the<div style="display:inline-block;width:5.13px"> </div>carrying amounts<div style="display:inline-block;width:5.24px"> </div>of financial instruments<div style="display:inline-block;width:5.66px"> </div>recognized on<div style="display:inline-block;width:5.62px"> </div>the balance </div><div id="a175357" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:81.2px;">sheet subject to credit risk<div style="display:inline-block;width:2.07px"> </div>and the notional amounts for off-balance sheet arrangements. Where information is available, </div><div id="a175361" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:96.3px;">collateral is presented at fair<div style="display:inline-block;width:5.44px"> </div>value. For other collateral,<div style="display:inline-block;width:5.14px"> </div>such as real estate,<div style="display:inline-block;width:5.2px"> </div>a reasonable alternative<div style="display:inline-block;width:5.14px"> </div>value is used. Credit </div><div id="a175365" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:111.5px;">enhancements,<div style="display:inline-block;width:6.13px"> </div>such<div style="display:inline-block;width:5.93px"> </div>as<div style="display:inline-block;width:5.72px"> </div>credit<div style="display:inline-block;width:5.5px"> </div>derivative<div style="display:inline-block;width:5.9px"> </div>contracts<div style="display:inline-block;width:5.74px"> </div>and<div style="display:inline-block;width:6.08px"> </div>guarantees,<div style="display:inline-block;width:6.13px"> </div>are<div style="display:inline-block;width:5.76px"> </div>included<div style="display:inline-block;width:6.07px"> </div>at<div style="display:inline-block;width:5.05px"> </div>their<div style="display:inline-block;width:5.47px"> </div>notional<div style="display:inline-block;width:6.12px"> </div>amounts.<div style="display:inline-block;width:6.13px"> </div>Both<div style="display:inline-block;width:6.04px"> </div>are </div><div id="a175367" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:127.1px;">capped<div style="display:inline-block;width:5.13px"> </div>at the<div style="display:inline-block;width:5.68px"> </div>maximum exposure<div style="display:inline-block;width:6.23px"> </div>to credit<div style="display:inline-block;width:5.66px"> </div>risk for<div style="display:inline-block;width:5.94px"> </div>which they<div style="display:inline-block;width:5.83px"> </div>serve as<div style="display:inline-block;width:5.99px"> </div>security. The<div style="display:inline-block;width:6.74px"> </div>“Risk<div style="display:inline-block;width:5.08px"> </div>management and<div style="display:inline-block;width:6.33px"> </div>control” </div><div id="a175368" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:142.3px;">section of this<div style="display:inline-block;width:5.45px"> </div>report describes<div style="display:inline-block;width:6.01px"> </div>management’s view<div style="display:inline-block;width:5.4px"> </div>of credit<div style="display:inline-block;width:5.18px"> </div>risk and<div style="display:inline-block;width:5.5px"> </div>the related exposures,<div style="display:inline-block;width:6.66px"> </div>which can differ<div style="display:inline-block;width:5.02px"> </div>in certain </div><div id="a175369" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:157.9px;">respects from the requirements of IFRS.</div></div><div id="TextBlockContainer1496" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:478px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1494_XBRL_TS_82e09ee116614efaadba331973096c72" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1495" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:478px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a175374" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Maximum exposure to credit<div style="display:inline-block;width:4.28px"> </div>risk<div style="display:inline-block;width:2.93px"> </div></div><div id="a175383" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:427.662px;top:16.2px;">31.12.22 </div><div id="a175387" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:224.182px;top:57.4px;">Maximum </div><div id="a175389" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:217.555px;top:69.2px;">exposure to </div><div id="a175391" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:224.648px;top:81.1px;">credit risk </div><div id="a175393" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:349.595px;top:31.9px;">Collateral </div><div id="a175396" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:509.062px;top:31.9px;">Credit enhancements </div><div id="a175398" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:635.382px;top:34.2px;">Exposure to </div><div id="a175399" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:642.955px;top:46px;">credit risk </div><div id="a175400" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:625.928px;top:57.4px;">after collateral </div><div id="a175401" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:642.008px;top:69.2px;">and credit </div><div id="a175402" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:625.928px;top:81.1px;">enhancements </div><div id="a175404" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:81.1px;">USD bn </div><div id="a175407" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:296.595px;top:57.4px;">Cash </div><div id="a175409" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:281.435px;top:69.2px;">collateral </div><div id="a175411" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:284.768px;top:81.1px;">received </div><div id="a175413" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:321.662px;top:46px;">Collateralized </div><div id="a175414" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:322.128px;top:57.4px;">by equity and </div><div id="a175415" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:354.795px;top:69.2px;">debt </div><div id="a175416" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:328.755px;top:81.1px;">instruments </div><div id="a175418" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:381.755px;top:69.2px;">Secured by </div><div id="a175420" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.168px;top:81.1px;">real estate </div><div id="a175422" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:447.555px;top:69.2px;">Other<div style="display:inline-block;width:2.45px"> </div></div><div id="a175424" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:435.222px;top:81.1px;">collateral </div><div id="a175427" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:81.1px;">Netting </div><div id="a175429" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:545.942px;top:57.4px;">Credit </div><div id="a175431" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:532.702px;top:69.2px;">derivative </div><div id="a175433" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:534.595px;top:81.1px;">contracts </div><div id="a175435" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:578.128px;top:81.1px;">Guarantees<div style="display:inline-block;width:2.82px"> </div></div><div id="a175437" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:93.4px;">Financial assets measured at<div style="display:inline-block;width:3.38px"> </div></div><div id="a175439" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:105.2px;">fair value on the balance<div style="display:inline-block;width:3.78px"> </div>sheet</div><div id="a175440" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:115.822px;top:105.8px;">1</div><div id="a175453" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:117.9px;">Financial assets at fair value<div style="display:inline-block;width:3.53px"> </div></div><div id="a175455" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:129.8px;">held for trading – debt instruments</div><div id="a175459" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:130.982px;top:130.4px;">2,3</div><div id="a175462_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:243.128px;top:129.8px;">16.7</div><div id="a175470" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:514.728px;top:129.8px;"><div style="display:inline-block;width:2.37px"> </div></div><div id="a175474_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:661.435px;top:129.8px;">16.7</div><div id="a175477" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:143.5px;">Derivative financial instruments</div><div id="a175479" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:117.235px;top:144.1px;">4</div><div id="a175482_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:238.395px;top:143.5px;">150.1</div><div id="a175486_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:359.048px;top:143.5px;">5.9</div><div id="a175492_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:492.955px;top:143.5px;">133.5</div><div id="a175497_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:661.435px;top:143.5px;">10.7</div><div id="a175500" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:157.7px;">Brokerage receivables </div><div id="a175504_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:243.128px;top:157.7px;">17.6</div><div id="a175508_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:354.328px;top:157.7px;">17.3</div><div id="a175517_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:666.155px;top:157.7px;">0.3</div><div id="a175520" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:171.4px;">Financial assets at fair value not<div style="display:inline-block;width:3.4px"> </div></div><div id="a175522" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:183.2px;">held for trading – debt instruments</div><div id="a175526" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:130.982px;top:183.9px;">5</div><div id="a175529_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:243.128px;top:183.2px;">44.8</div><div id="a175533_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:354.328px;top:183.2px;">11.4</div><div id="a175542_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:661.435px;top:183.2px;">33.4</div><div id="a175545" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:196px;">Total financial assets<div style="display:inline-block;width:3.87px"> </div>measured at fair value </div><div id="a175549_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:238.395px;top:197px;">229.2</div><div id="a175552_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:302.275px;top:197px;">0.0</div><div id="a175555_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:354.328px;top:197px;">34.6</div><div id="a175558_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:408.742px;top:197px;">0.0</div><div id="a175561_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.062px;top:197px;">0.0</div><div id="a175565_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:492.955px;top:197px;">133.5</div><div id="a175568_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:555.435px;top:197px;">0.0</div><div id="a175571_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:607.488px;top:197px;">0.0</div><div id="a175574_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:661.435px;top:197px;">61.2</div><div id="a175577" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:210.7px;">Guarantees</div><div id="a175579" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:44.854px;top:211.3px;">6</div><div id="a175582_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:247.862px;top:211.1px;">0.2</div><div id="a175592_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:607.488px;top:211.1px;">0.2</div><div id="a175595_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:666.155px;top:211.1px;">0.0</div><div id="a175612" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:427.662px;top:230.6px;">31.12.21 </div><div id="a175616" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:224.182px;top:272.2px;">Maximum </div><div id="a175618" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:217.555px;top:284px;">exposure to </div><div id="a175620" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:225.128px;top:295.3px;">credit risk </div><div id="a175622" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:349.595px;top:246.2px;">Collateral </div><div id="a175625" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.062px;top:246.2px;">Credit enhancements </div><div id="a175627" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.862px;top:248.5px;">Exposure to </div><div id="a175628" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:643.422px;top:260.4px;">credit risk </div><div id="a175629" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:626.408px;top:272.2px;">after collateral </div><div id="a175630" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:642.008px;top:284px;">and credit </div><div id="a175631" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:625.928px;top:295.3px;">enhancements </div><div id="a175633" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:295.3px;">USD bn </div><div id="a175636" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:296.595px;top:272.2px;">Cash </div><div id="a175638" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:281.435px;top:284px;">collateral </div><div id="a175640" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:284.768px;top:295.3px;">received </div><div id="a175642" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:322.128px;top:260.4px;">Collateralized </div><div id="a175643" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:322.128px;top:272.2px;">by equity and </div><div id="a175644" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:354.795px;top:284px;">debt </div><div id="a175645" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:328.755px;top:295.3px;">instruments </div><div id="a175647" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:381.755px;top:284px;">Secured by </div><div id="a175649" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:383.168px;top:295.3px;">real estate </div><div id="a175651" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:447.555px;top:284px;">Other<div style="display:inline-block;width:2.45px"> </div></div><div id="a175653" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.222px;top:295.3px;">collateral </div><div id="a175656" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:487.742px;top:295.3px;">Netting </div><div id="a175658" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:545.942px;top:272.2px;">Credit </div><div id="a175660" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.702px;top:284px;">derivative </div><div id="a175662" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:534.595px;top:295.3px;">contracts </div><div id="a175664" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.608px;top:295.3px;">Guarantees<div style="display:inline-block;width:2.82px"> </div></div><div id="a175666" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:307.7px;">Financial assets measured at<div style="display:inline-block;width:3.38px"> </div></div><div id="a175668" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:319.5px;">fair value on the balance<div style="display:inline-block;width:3.78px"> </div>sheet</div><div id="a175669" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:115.822px;top:320.1px;">1</div><div id="a175682" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:332.7px;">Financial assets at fair value<div style="display:inline-block;width:3.53px"> </div></div><div id="a175684" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:344.1px;">held for trading – debt instruments</div><div id="a175689" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:130.982px;top:344.7px;">2,3</div><div id="a175692_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:243.128px;top:344.1px;">22.6</div><div id="a175700" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:514.728px;top:344.1px;"><div style="display:inline-block;width:2.37px"> </div></div><div id="a175704_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.435px;top:344.1px;">22.6</div><div id="a175707" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:357.8px;">Derivative financial instruments</div><div id="a175709" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:117.235px;top:358.5px;">4</div><div id="a175712_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:238.395px;top:357.8px;">118.1</div><div id="a175716_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:359.528px;top:357.8px;">4.2</div><div id="a175722_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:492.955px;top:357.8px;">103.2</div><div id="a175727_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.435px;top:357.8px;">10.7</div><div id="a175730" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:372.5px;">Brokerage receivables </div><div id="a175734_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:243.128px;top:372.5px;">21.8</div><div id="a175737_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:302.742px;top:372.5px;">0.0</div><div id="a175740_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:354.328px;top:372.5px;">21.6</div><div id="a175749_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:666.635px;top:372.5px;">0.2</div><div id="a175752" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:386.2px;">Financial assets at fair value not<div style="display:inline-block;width:3.4px"> </div></div><div id="a175754" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:397.6px;">held for trading – debt instruments</div><div id="a175758" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:130.982px;top:398.2px;">5</div><div id="a175761_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:243.128px;top:397.6px;">37.0</div><div id="a175764_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:302.742px;top:397.6px;">0.0</div><div id="a175767_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:354.328px;top:397.6px;">11.2</div><div id="a175776_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.435px;top:397.6px;">25.7</div><div id="a175779" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:410.8px;">Total financial assets<div style="display:inline-block;width:3.9px"> </div>measured at fair value </div><div id="a175783_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:238.395px;top:410.8px;">199.5</div><div id="a175786_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:302.275px;top:410.8px;">0.0</div><div id="a175789_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:354.328px;top:410.8px;">37.1</div><div id="a175792_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.742px;top:410.8px;">0.0</div><div id="a175795_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.062px;top:410.8px;">0.0</div><div id="a175799_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:492.955px;top:410.8px;">103.2</div><div id="a175802_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:555.435px;top:410.8px;">0.0</div><div id="a175805_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.488px;top:410.8px;">0.0</div><div id="a175808_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.435px;top:410.8px;">59.2</div><div id="a175811" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:425px;">Guarantees</div><div id="a175812" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:44.854px;top:425.6px;">6</div><div id="a175815_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:248.328px;top:425px;">0.2</div><div id="a175821_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.528px;top:425px;">0.0</div><div id="a175827_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.955px;top:425px;">0.2</div><div id="a175830_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:666.635px;top:425px;">0.0</div><div id="a175833" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:439.5px;">1 The maximum exposure<div style="display:inline-block;width:3.66px"> </div>to loss is generally<div style="display:inline-block;width:3.45px"> </div>equal to the carrying amount<div style="display:inline-block;width:3.48px"> </div>and subject to change<div style="display:inline-block;width:3.65px"> </div>over time with market<div style="display:inline-block;width:4.08px"> </div>movements.<div style="display:inline-block;width:9.34px"> </div>2 These positions<div style="display:inline-block;width:3.94px"> </div>are generally managed under the<div style="display:inline-block;width:4.13px"> </div>market risk framework.<div style="display:inline-block;width:3.94px"> </div>For </div><div id="a175837" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:449.5px;">the purpose of this<div style="display:inline-block;width:3.47px"> </div>disclosure, collateral<div style="display:inline-block;width:3.93px"> </div>and credit enhancements<div style="display:inline-block;width:4.21px"> </div>were not considered.<div style="display:inline-block;width:10.41px"> </div>3 Does not include<div style="display:inline-block;width:3.73px"> </div>investment fund<div style="display:inline-block;width:3.62px"> </div>units.<div style="display:inline-block;width:9.3px"> </div>4 The<div style="display:inline-block;width:3.39px"> </div>amount shown in the<div style="display:inline-block;width:3.62px"> </div>“Netting” column<div style="display:inline-block;width:3.79px"> </div>represents the<div style="display:inline-block;width:3.47px"> </div>netting potential </div><div id="a175844" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:459.9px;">not recognized on the balance<div style="display:inline-block;width:3.8px"> </div>sheet. Refer to Note<div style="display:inline-block;width:3.73px"> </div>21 for more information.<div style="display:inline-block;width:10.09px"> </div>5 Financial assets<div style="display:inline-block;width:3.59px"> </div>at fair value not<div style="display:inline-block;width:3.63px"> </div>held for trading collateralized<div style="display:inline-block;width:4.25px"> </div>by securities consisted<div style="display:inline-block;width:3.94px"> </div>of structured loans and reverse<div style="display:inline-block;width:3.95px"> </div>repurchase and </div><div id="a175851" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:469.8px;">securities borrowing agreements.<div style="display:inline-block;width:9.92px"> </div>6 The amount<div style="display:inline-block;width:3.56px"> </div>shown in the “Guarantees”<div style="display:inline-block;width:3.82px"> </div>column largely relates to<div style="display:inline-block;width:3.62px"> </div>sub-participations.</div></div></div></div><div id="TextBlockContainer1498" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:593px;height:41px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a175901" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">i) Financial instruments not measured<div style="display:inline-block;width:5.11px"> </div>at fair value </div><div id="a175907" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.8px;">The table below provides<div style="display:inline-block;width:5.17px"> </div>the estimated fair values of financial instruments<div style="display:inline-block;width:5.44px"> </div>not measured<div style="display:inline-block;width:5.13px"> </div>at fair value.</div></div><div id="TextBlockContainer1501" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:434px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a175919" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Financial instruments not measured<div style="display:inline-block;width:4.74px"> </div>at fair value </div><div id="a175935" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:288.088px;top:15.8px;">31.12.22 </div><div id="a175938" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.048px;top:15.8px;">31.12.21 </div><div id="a175942" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:188.715px;top:30px;">Carrying </div><div id="a175943" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:191.555px;top:41.3px;">amount </div><div id="a175946" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:312.208px;top:41.3px;">Fair value </div><div id="a175949" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:446.608px;top:30px;">Carrying </div><div id="a175950" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.968px;top:41.3px;">amount </div><div id="a175953" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:567.262px;top:41.3px;">Fair value </div><div id="a175955" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:89.1px;">USD bn </div><div id="a175958" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:201.475px;top:89.1px;">Total </div><div id="a175961" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:249.755px;top:53.6px;">Carrying </div><div id="a175962" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:252.115px;top:65.5px;">amount </div><div id="a175963" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:231.275px;top:77.3px;">approximates </div><div id="a175964" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:244.075px;top:89.1px;">fair value</div><div id="a175965" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:277.648px;top:89.7px;">1</div><div id="a175967" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:291.875px;top:89.1px;">Level 1 </div><div id="a175969" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:328.755px;top:89.1px;">Level 2 </div><div id="a175971" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:365.675px;top:89.1px;">Level 3 </div><div id="a175973" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:410.635px;top:89.1px;">Total </div><div id="a175976" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:458.902px;top:89.1px;">Total </div><div id="a175979" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:507.168px;top:53.6px;">Carrying </div><div id="a175981" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.528px;top:65.5px;">amount </div><div id="a175982" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:488.688px;top:77.3px;">approximates </div><div id="a175983" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.022px;top:89.1px;">fair value</div><div id="a175984" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:534.128px;top:89.7px;">1</div><div id="a175986" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:547.875px;top:89.1px;">Level 1 </div><div id="a175988" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.808px;top:89.1px;">Level 2 </div><div id="a175990" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:620.248px;top:89.1px;">Level 3 </div><div id="a175992" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:89.1px;">Total </div><div id="a175994" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:102.8px;">Assets </div><div id="a176012" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:119.4px;">Cash and balances at central banks </div><div id="a176016_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:197.702px;top:119.4px;">169.4</div><div id="a176020_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:258.728px;top:119.4px;">169.4</div><div id="a176023_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:119.4px;">0.1</div><div id="a176026_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:119.4px;">0.0</div><div id="a176029_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:119.4px;">0.0</div><div id="a176032_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:406.848px;top:119.4px;">169.4</div><div id="a176036_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.115px;top:119.4px;">192.8</div><div id="a176040_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:515.675px;top:119.4px;">192.7</div><div id="a176043_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:119.4px;">0.1</div><div id="a176046_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:119.4px;">0.0</div><div id="a176049_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:119.4px;">0.0</div><div id="a176052_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.008px;top:119.4px;">192.8</div><div id="a176055" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:135.5px;">Loans and advances to banks </div><div id="a176058_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:202.422px;top:135.5px;">14.7</div><div id="a176062_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.462px;top:135.5px;">13.9</div><div id="a176065_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:135.5px;">0.0</div><div id="a176068_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:135.5px;">0.7</div><div id="a176071_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:135.5px;">0.0</div><div id="a176074_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:135.5px;">14.6</div><div id="a176078_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.848px;top:135.5px;">15.4</div><div id="a176082_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.408px;top:135.5px;">14.6</div><div id="a176085_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:135.5px;">0.0</div><div id="a176088_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:135.5px;">0.7</div><div id="a176091_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:135.5px;">0.0</div><div id="a176094_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.742px;top:135.5px;">15.3</div><div id="a176097" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:150.1px;">Receivables from securities financing </div><div id="a176098" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:162px;">transactions measured at amortized cost </div><div id="a176101_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:202.422px;top:162px;">67.8</div><div id="a176105_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.462px;top:162px;">64.3</div><div id="a176108_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:162px;">0.0</div><div id="a176111_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:162px;">1.8</div><div id="a176114_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:162px;">1.7</div><div id="a176117_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:162px;">67.8</div><div id="a176121_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.848px;top:162px;">75.0</div><div id="a176125_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.408px;top:162px;">71.6</div><div id="a176128_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:162px;">0.0</div><div id="a176131_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:162px;">1.3</div><div id="a176134_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:162px;">2.1</div><div id="a176137_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.742px;top:162px;">75.0</div><div id="a176140" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:175.2px;">Cash collateral receivables on derivative </div><div id="a176141" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:186.5px;">instruments </div><div id="a176144_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:202.422px;top:186.5px;">35.0</div><div id="a176148_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.462px;top:186.5px;">35.0</div><div id="a176151_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:186.5px;">0.0</div><div id="a176154_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:186.5px;">0.0</div><div id="a176157_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:186.5px;">0.0</div><div id="a176160_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:186.5px;">35.0</div><div id="a176164_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.848px;top:186.5px;">30.5</div><div id="a176168_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.408px;top:186.5px;">30.5</div><div id="a176171_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:186.5px;">0.0</div><div id="a176174_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:186.5px;">0.0</div><div id="a176177_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:186.5px;">0.0</div><div id="a176180_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.742px;top:186.5px;">30.5</div><div id="a176183" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:201.2px;">Loans and advances to customers </div><div id="a176186_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:197.702px;top:201.2px;">390.0</div><div id="a176190_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:258.728px;top:201.2px;">136.9</div><div id="a176193_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:201.2px;">0.0</div><div id="a176196_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.302px;top:201.2px;">45.9</div><div id="a176199_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:369.462px;top:201.2px;">195.0</div><div id="a176202_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:406.848px;top:201.2px;">377.7</div><div id="a176206_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.115px;top:201.2px;">398.7</div><div id="a176210_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:515.675px;top:201.2px;">163.7</div><div id="a176213_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:201.2px;">0.0</div><div id="a176216_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.328px;top:201.2px;">43.8</div><div id="a176219_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:624.035px;top:201.2px;">190.4</div><div id="a176222_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.008px;top:201.2px;">397.9</div><div id="a176225" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:215.9px;">Other financial assets measured at amortized </div><div id="a176226" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:227.7px;">cost</div><div id="a176227" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:18.339px;top:228.4px;">2</div><div id="a176230_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:202.422px;top:227.7px;">53.4</div><div id="a176234_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.462px;top:227.7px;">13.0</div><div id="a176237_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:300.382px;top:227.7px;">10.3</div><div id="a176240_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.302px;top:227.7px;">25.1</div><div id="a176243_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:227.7px;">2.5</div><div id="a176246_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:227.7px;">51.0</div><div id="a176250_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.848px;top:227.7px;">26.2</div><div id="a176254_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.608px;top:227.7px;">4.1</div><div id="a176257_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:227.7px;">9.3</div><div id="a176260_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.328px;top:227.7px;">10.7</div><div id="a176263_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:227.7px;">2.4</div><div id="a176266_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.742px;top:227.7px;">26.5</div><div id="a176269" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:242.4px;">Liabilities </div><div id="a176287" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:258.9px;">Amounts due to banks </div><div id="a176290_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:202.422px;top:258.9px;">11.6</div><div id="a176294_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:268.195px;top:258.9px;">8.9</div><div id="a176297_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:258.9px;">0.0</div><div id="a176300_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:258.9px;">2.7</div><div id="a176303_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:258.9px;">0.0</div><div id="a176306_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:258.9px;">11.6</div><div id="a176310_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.848px;top:258.9px;">13.1</div><div id="a176314_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.608px;top:258.9px;">9.1</div><div id="a176317_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:258.9px;">0.0</div><div id="a176320_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:258.9px;">4.0</div><div id="a176323_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:258.9px;">0.0</div><div id="a176326_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.742px;top:258.9px;">13.1</div><div id="a176329" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:273.6px;">Payables from securities financing </div><div id="a176330" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:285px;">transactions measured at amortized cost </div><div id="a176333_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:207.155px;top:285px;">4.2</div><div id="a176337_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:268.195px;top:285px;">3.5</div><div id="a176340_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:285px;">0.0</div><div id="a176343_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:285px;">0.7</div><div id="a176346_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:285px;">0.0</div><div id="a176349_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:416.302px;top:285px;">4.2</div><div id="a176353_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.048px;top:285px;">5.5</div><div id="a176357_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.608px;top:285px;">4.1</div><div id="a176360_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:285px;">0.0</div><div id="a176363_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:285px;">1.5</div><div id="a176366_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:285px;">0.0</div><div id="a176369_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.942px;top:285px;">5.5</div><div id="a176372" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:298.2px;">Cash collateral payables on derivative </div><div id="a176373" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:310px;">instruments </div><div id="a176376_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:202.422px;top:310px;">36.4</div><div id="a176380_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.462px;top:310px;">36.4</div><div id="a176383_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:310px;">0.0</div><div id="a176386_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:310px;">0.0</div><div id="a176389_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:310px;">0.0</div><div id="a176392_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:310px;">36.4</div><div id="a176396_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.848px;top:310px;">31.8</div><div id="a176400_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.408px;top:310px;">31.8</div><div id="a176403_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:310px;">0.0</div><div id="a176406_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:310px;">0.0</div><div id="a176409_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:310px;">0.0</div><div id="a176412_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.742px;top:310px;">31.8</div><div id="a176415" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:324.7px;">Customer deposits </div><div id="a176418_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:197.702px;top:324.7px;">527.2</div><div id="a176422_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:258.728px;top:324.7px;">493.0</div><div id="a176425_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:324.7px;">0.0</div><div id="a176428_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.302px;top:324.7px;">33.9</div><div id="a176431_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:324.7px;">0.0</div><div id="a176434_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:406.848px;top:324.7px;">526.9</div><div id="a176438_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.115px;top:324.7px;">544.8</div><div id="a176442_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:515.675px;top:324.7px;">537.6</div><div id="a176445_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:324.7px;">0.0</div><div id="a176448_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:324.7px;">7.3</div><div id="a176451_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:324.7px;">0.0</div><div id="a176454_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.008px;top:324.7px;">544.8</div><div id="a176457" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:339.4px;">Funding from UBS Group AG measured at </div><div id="a176458" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:350.7px;">amortized cost </div><div id="a176461_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:202.422px;top:350.7px;">56.1</div><div id="a176465_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:268.195px;top:350.7px;">2.0</div><div id="a176468_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:350.7px;">0.0</div><div id="a176471_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.302px;top:350.7px;">53.7</div><div id="a176474_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:350.7px;">0.0</div><div id="a176477_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:350.7px;">55.7</div><div id="a176481_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.848px;top:350.7px;">57.3</div><div id="a176485_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.608px;top:350.7px;">2.8</div><div id="a176488_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:350.7px;">0.0</div><div id="a176491_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.328px;top:350.7px;">56.0</div><div id="a176494_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:350.7px;">0.0</div><div id="a176497_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.742px;top:350.7px;">58.8</div><div id="a176500" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:365.4px;">Debt issued measured at amortized cost </div><div id="a176503_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:202.422px;top:365.4px;">59.5</div><div id="a176507_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.462px;top:365.4px;">13.4</div><div id="a176510_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:365.4px;">0.0</div><div id="a176513_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.302px;top:365.4px;">45.5</div><div id="a176516_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:365.4px;">0.0</div><div id="a176519_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:365.4px;">58.9</div><div id="a176523_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.848px;top:365.4px;">82.4</div><div id="a176527_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.408px;top:365.4px;">13.0</div><div id="a176530_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:365.4px;">0.0</div><div id="a176533_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.328px;top:365.4px;">69.8</div><div id="a176536_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:365.4px;">0.0</div><div id="a176539_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.742px;top:365.4px;">82.8</div><div id="a176542" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:380.5px;">Other financial liabilities measured at </div><div id="a176543" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:391.9px;">amortized cost</div><div id="a176544" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:56.676px;top:392.5px;">3</div><div id="a176547_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:207.155px;top:391.9px;">7.2</div><div id="a176551_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:268.195px;top:391.9px;">7.2</div><div id="a176554_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:391.9px;">0.0</div><div id="a176557_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:391.9px;">0.0</div><div id="a176560_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:391.9px;">0.0</div><div id="a176563_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:416.302px;top:391.9px;">7.2</div><div id="a176567_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.048px;top:391.9px;">6.3</div><div id="a176571_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.608px;top:391.9px;">6.3</div><div id="a176574_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:391.9px;">0.0</div><div id="a176577_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:391.9px;">0.0</div><div id="a176580_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:391.9px;">0.0</div><div id="a176583_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.942px;top:391.9px;">6.3</div><div id="a176586" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:405.5px;">1 Includes certain financial instruments<div style="display:inline-block;width:4.29px"> </div>where the carrying amount<div style="display:inline-block;width:3.64px"> </div>is a reasonable approximation<div style="display:inline-block;width:4.48px"> </div>of the fair value<div style="display:inline-block;width:3.47px"> </div>due to the instruments’<div style="display:inline-block;width:3.88px"> </div>short-term nature (instruments<div style="display:inline-block;width:3.65px"> </div>that are receivable<div style="display:inline-block;width:3.48px"> </div>or payable on demand,<div style="display:inline-block;width:3.95px"> </div>or </div><div id="a176591" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:415.9px;">with a remaining maturity (excluding the effects<div style="display:inline-block;width:3.69px"> </div>of callable features) of three months or less).<div style="display:inline-block;width:8.53px"> </div>2 Effective 1 April 2022, a portfolio of assets<div style="display:inline-block;width:3.77px"> </div>previously classified as Financial assets measured at<div style="display:inline-block;width:3.64px"> </div>fair value through other </div><div id="a176595" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:425.8px;">comprehensive income was<div style="display:inline-block;width:3.44px"> </div>reclassified to Other financial<div style="display:inline-block;width:4.03px"> </div>assets measured at amortized<div style="display:inline-block;width:3.63px"> </div>cost. Refer to Note 1 for information.<div style="display:inline-block;width:10.25px"> </div>3 Excludes lease liabilities.</div></div><div id="TextBlockContainer1504" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:183px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a176601" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">The fair values<div style="display:inline-block;width:5.15px"> </div>included<div style="display:inline-block;width:5.13px"> </div>in the table<div style="display:inline-block;width:5.5px"> </div>above have<div style="display:inline-block;width:5.04px"> </div>been calculated for<div style="display:inline-block;width:5.35px"> </div>disclosure purposes<div style="display:inline-block;width:5.97px"> </div>only.<div style="display:inline-block;width:5.67px"> </div>The valuation<div style="display:inline-block;width:5.08px"> </div>techniques </div><div id="a176602" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">and assumptions described<div style="display:inline-block;width:5.23px"> </div>below relate only<div style="display:inline-block;width:5.27px"> </div>to the fair value of UBS’s<div style="display:inline-block;width:5.39px"> </div>financial instruments<div style="display:inline-block;width:5.26px"> </div>not measured at fair<div style="display:inline-block;width:5.59px"> </div>value. </div><div id="a176607" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.7px;">Other institutions<div style="display:inline-block;width:6.18px"> </div>may use<div style="display:inline-block;width:6.15px"> </div>different<div style="display:inline-block;width:5.37px"> </div>methods<div style="display:inline-block;width:5.08px"> </div>and<div style="display:inline-block;width:5.13px"> </div>assumptions<div style="display:inline-block;width:5.27px"> </div>for their<div style="display:inline-block;width:5.47px"> </div>fair value<div style="display:inline-block;width:6.21px"> </div>estimations,<div style="display:inline-block;width:5.14px"> </div>and<div style="display:inline-block;width:5.13px"> </div>therefore such<div style="display:inline-block;width:6.3px"> </div>fair </div><div id="a176608" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.9px;">value disclosures cannot necessarily be compared from one financial institution to another.<div style="display:inline-block;width:5.22px"> </div>The following principles were </div><div id="a176610" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">applied when determining<div style="display:inline-block;width:5.04px"> </div>fair value estimates for financial instruments not<div style="display:inline-block;width:5.19px"> </div>measured at fair value: </div><div id="a176612" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.7px;">–</div><div id="a176613" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:76.5px;"> </div><div id="a176614" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:76.7px;">For financial<div style="display:inline-block;width:5.87px"> </div>instruments<div style="display:inline-block;width:5.19px"> </div>with<div style="display:inline-block;width:5.25px"> </div>remaining<div style="display:inline-block;width:5.06px"> </div>maturities<div style="display:inline-block;width:5.1px"> </div>greater<div style="display:inline-block;width:5.18px"> </div>than three<div style="display:inline-block;width:6.39px"> </div>months,<div style="display:inline-block;width:5.18px"> </div>the<div style="display:inline-block;width:5.25px"> </div>fair value<div style="display:inline-block;width:5.74px"> </div>was determined<div style="display:inline-block;width:6.45px"> </div>from </div><div id="a176617" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:92.3px;">quoted market prices, if available. </div><div id="a176619" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:107.4px;">–</div><div id="a176620" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:107.2px;"> </div><div id="a176621" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:107.4px;">Where quoted market prices were not<div style="display:inline-block;width:5.29px"> </div>available, the fair values<div style="display:inline-block;width:5.36px"> </div>were estimated by discounting<div style="display:inline-block;width:5.62px"> </div>contractual cash flows </div><div id="a176622" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:122.5px;">using<div style="display:inline-block;width:5.75px"> </div>current<div style="display:inline-block;width:5.18px"> </div>market interest<div style="display:inline-block;width:6.19px"> </div>rates or<div style="display:inline-block;width:6.52px"> </div>appropriate<div style="display:inline-block;width:5.69px"> </div>yield<div style="display:inline-block;width:5.21px"> </div>curves for<div style="display:inline-block;width:6.31px"> </div>instruments<div style="display:inline-block;width:5.66px"> </div>with<div style="display:inline-block;width:5.25px"> </div>similar credit<div style="display:inline-block;width:6.46px"> </div>risk and<div style="display:inline-block;width:6.92px"> </div>maturity. </div><div id="a176624" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:138.2px;">These estimates generally include adjustments<div style="display:inline-block;width:5.11px"> </div>for counterparty credit risk or UBS’s<div style="display:inline-block;width:5.59px"> </div>own credit. </div><div id="a176626" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:153.3px;">–</div><div id="a176627" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:153.2px;"> </div><div id="a176628" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:153.3px;">For short-term financial instruments<div style="display:inline-block;width:5.12px"> </div>with remaining maturities<div style="display:inline-block;width:5.22px"> </div>of three months or<div style="display:inline-block;width:5.15px"> </div>less, the carrying amount,<div style="display:inline-block;width:5.5px"> </div>which is </div><div id="a176632" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:168.9px;">net of credit loss allowances, is generally<div style="display:inline-block;width:5.04px"> </div>considered a reasonable<div style="display:inline-block;width:5.27px"> </div>estimate of fair value.</div></div> <div id="TextBlockContainer1424" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:625px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1422_XBRL_TS_65333df509644193b8d7717283dd0e49" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1423" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:625px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a168904" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:2.8px;">Determination of fair values<div style="display:inline-block;width:4.29px"> </div>from quoted market prices or valuation techniques</div><div id="a168905" style="position:absolute;font-family:'Frutiger';font-size:6.148px;font-weight:bold;font-style:normal;left:379.382px;top:3.5px;">1</div><div id="a168909" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:398.342px;top:17.7px;">31.12.22 </div><div id="a168912" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.395px;top:17.7px;">31.12.21 </div><div id="a168914" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:32.3px;">USD m </div><div id="a168917" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:338.715px;top:32.3px;">Level 1 </div><div id="a168919" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:386.955px;top:32.3px;">Level 2 </div><div id="a168921" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.755px;top:32.3px;">Level 3 </div><div id="a168923" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:490.582px;top:32.3px;">Total </div><div id="a168926" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:529.862px;top:32.3px;">Level 1 </div><div id="a168928" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.568px;top:32.3px;">Level 2 </div><div id="a168930" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:611.742px;top:32.3px;">Level 3 </div><div id="a168932" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:32.3px;">Total </div><div id="a168945" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:57.4px;">Financial assets measured at<div style="display:inline-block;width:3.79px"> </div>fair value on a recurring basis </div><div id="a168958" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:82px;">Financial assets at fair value held for trading </div><div id="a168961_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.768px;top:82px;">96,263</div><div id="a168964_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:386.008px;top:82px;">10,284</div><div id="a168967_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.528px;top:82px;">1,488</div><div id="a168970_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:477.342px;top:82px;">108,034</div><div id="a168974_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:524.195px;top:82px;">113,722</div><div id="a168977_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:569.622px;top:82px;">15,012</div><div id="a168980_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.528px;top:82px;">2,299</div><div id="a168983_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:82px;">131,033</div><div id="a168986" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:95.2px;">of which: Equity instruments </div><div id="a168990_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:337.768px;top:95.2px;">83,095</div><div id="a168993_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:397.862px;top:95.2px;">789</div><div id="a168996_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:95.2px;">126</div><div id="a168999_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:95.2px;">84,010</div><div id="a169003_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.915px;top:95.2px;">97,983</div><div id="a169006_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:95.2px;">1,090</div><div id="a169009_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:95.2px;">149</div><div id="a169012_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:95.2px;">99,222</div><div id="a169015" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:108px;">of which: Government bills / bonds </div><div id="a169018_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:342.502px;top:108px;">5,496</div><div id="a169021_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:397.862px;top:108px;">950</div><div id="a169024_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:450.862px;top:108px;">18</div><div id="a169027_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:108px;">6,464</div><div id="a169031_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.648px;top:108px;">7,135</div><div id="a169034_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:108px;">1,351</div><div id="a169037_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:627.822px;top:108px;">10</div><div id="a169040_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:108px;">8,496</div><div id="a169043" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:121.3px;">of which: Investment fund units </div><div id="a169046_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:342.502px;top:121.3px;">6,673</div><div id="a169049_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:397.862px;top:121.3px;">596</div><div id="a169052_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:450.862px;top:121.3px;">61</div><div id="a169055_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:121.3px;">7,330</div><div id="a169059_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.648px;top:121.3px;">7,843</div><div id="a169062_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:121.3px;">1,364</div><div id="a169065_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:627.822px;top:121.3px;">21</div><div id="a169068_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:121.3px;">9,229</div><div id="a169071" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:134.1px;">of which: Corporate and municipal bonds </div><div id="a169075_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:349.595px;top:134.1px;">976</div><div id="a169078_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:390.768px;top:134.1px;">6,509</div><div id="a169081_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:134.1px;">541</div><div id="a169084_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:134.1px;">8,026</div><div id="a169088_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:540.742px;top:134.1px;">708</div><div id="a169091_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:134.1px;">7,791</div><div id="a169094_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:134.1px;">556</div><div id="a169097_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:134.1px;">9,055</div><div id="a169100" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:147.3px;">of which: Loans </div><div id="a169103_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:147.3px;">0</div><div id="a169106_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:390.768px;top:147.3px;">1,179</div><div id="a169109_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:147.3px;">628</div><div id="a169112_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:147.3px;">1,807</div><div id="a169116_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:147.3px;">0</div><div id="a169119_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:147.3px;">3,099</div><div id="a169122_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:615.528px;top:147.3px;">1,443</div><div id="a169125_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:147.3px;">4,542</div><div id="a169128" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:160.5px;">of which: Asset-backed securities </div><div id="a169133_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:354.795px;top:160.5px;">22</div><div id="a169136_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:397.862px;top:160.5px;">261</div><div id="a169139_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:160.5px;">114</div><div id="a169142_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:493.888px;top:160.5px;">397</div><div id="a169146_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:545.942px;top:160.5px;">53</div><div id="a169149_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:581.448px;top:160.5px;">317</div><div id="a169152_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:160.5px;">120</div><div id="a169155_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.795px;top:160.5px;">489</div><div id="a169169" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:185.1px;">Derivative financial instruments </div><div id="a169173_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:349.595px;top:185.1px;">769</div><div id="a169176_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:381.275px;top:185.1px;">147,876</div><div id="a169179_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.528px;top:185.1px;">1,464</div><div id="a169182_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:477.342px;top:185.1px;">150,109</div><div id="a169186_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:540.742px;top:185.1px;">522</div><div id="a169189_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.888px;top:185.1px;">116,482</div><div id="a169192_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.528px;top:185.1px;">1,140</div><div id="a169195_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:185.1px;">118,145</div><div id="a169198" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:197.9px;">of which: Foreign exchange </div><div id="a169201_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:349.595px;top:197.9px;">575</div><div id="a169204_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:386.008px;top:197.9px;">84,882</div><div id="a169207_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:455.595px;top:197.9px;">2</div><div id="a169210_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:197.9px;">85,459</div><div id="a169214_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:540.742px;top:197.9px;">255</div><div id="a169217_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:569.622px;top:197.9px;">53,046</div><div id="a169220_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:632.555px;top:197.9px;">7</div><div id="a169223_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:197.9px;">53,307</div><div id="a169226" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:211.2px;">of which: Interest rate </div><div id="a169229_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:211.2px;">0</div><div id="a169232_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:386.008px;top:211.2px;">39,345</div><div id="a169235_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:211.2px;">460</div><div id="a169238_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:211.2px;">39,805</div><div id="a169242_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:211.2px;">0</div><div id="a169245_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:569.622px;top:211.2px;">32,747</div><div id="a169248_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:211.2px;">494</div><div id="a169251_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:211.2px;">33,241</div><div id="a169254" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:223.9px;">of which: Equity / index </div><div id="a169258_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:223.9px;">1</div><div id="a169261_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:386.008px;top:223.9px;">21,542</div><div id="a169264_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:223.9px;">653</div><div id="a169267_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:223.9px;">22,195</div><div id="a169271_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:223.9px;">0</div><div id="a169274_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:569.622px;top:223.9px;">27,861</div><div id="a169277_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:223.9px;">384</div><div id="a169280_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:223.9px;">28,245</div><div id="a169283" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:237.2px;">of which: Credit </div><div id="a169286_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:237.2px;">0</div><div id="a169289_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:397.862px;top:237.2px;">719</div><div id="a169292_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:237.2px;">318</div><div id="a169295_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:237.2px;">1,038</div><div id="a169299_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:237.2px;">0</div><div id="a169302_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:237.2px;">1,179</div><div id="a169305_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:237.2px;">236</div><div id="a169308_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:237.2px;">1,414</div><div id="a169311" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:249.9px;">of which: Commodities </div><div id="a169314_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:249.9px;">0</div><div id="a169317_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:390.768px;top:249.9px;">1,334</div><div id="a169320_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:450.862px;top:249.9px;">30</div><div id="a169323_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:249.9px;">1,365</div><div id="a169327_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:249.9px;">0</div><div id="a169330_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:249.9px;">1,590</div><div id="a169333_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:627.822px;top:249.9px;">16</div><div id="a169336_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:249.9px;">1,606</div><div id="a169350" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:275px;">Brokerage receivables </div><div id="a169353_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:359.528px;top:275px;">0</div><div id="a169356_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:386.008px;top:275px;">17,576</div><div id="a169359_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:455.595px;top:275px;">0</div><div id="a169362_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:482.075px;top:275px;">17,576</div><div id="a169366_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.702px;top:275px;">0</div><div id="a169369_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:569.622px;top:275px;">21,839</div><div id="a169372_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:632.555px;top:275px;">0</div><div id="a169375_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:275px;">21,839</div><div id="a169389" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:299.2px;">Financial assets at fair value not held for trading </div><div id="a169392_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.768px;top:299.2px;">26,572</div><div id="a169395_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:386.008px;top:299.2px;">29,110</div><div id="a169398_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.528px;top:299.2px;">3,725</div><div id="a169401_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:482.075px;top:299.2px;">59,408</div><div id="a169405_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:528.915px;top:299.2px;">27,278</div><div id="a169408_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:569.622px;top:299.2px;">28,185</div><div id="a169411_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.528px;top:299.2px;">4,180</div><div id="a169414_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:299.2px;">59,642</div><div id="a169417" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:311.9px;">of which: Financial assets for unit-linked investment<div style="display:inline-block;width:3.84px"> </div>contracts </div><div id="a169422_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:337.768px;top:311.9px;">13,071</div><div id="a169425_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:407.795px;top:311.9px;">1</div><div id="a169428_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:455.595px;top:311.9px;">0</div><div id="a169431_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:311.9px;">13,072</div><div id="a169435_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.915px;top:311.9px;">21,110</div><div id="a169438_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:581.448px;top:311.9px;">187</div><div id="a169441_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:632.555px;top:311.9px;">6</div><div id="a169444_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:311.9px;">21,303</div><div id="a169447" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:325.2px;">of which: Corporate and municipal bonds </div><div id="a169450_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:354.795px;top:325.2px;">35</div><div id="a169453_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:386.008px;top:325.2px;">14,101</div><div id="a169456_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:325.2px;">230</div><div id="a169459_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:325.2px;">14,366</div><div id="a169463_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:540.742px;top:325.2px;">123</div><div id="a169466_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:569.622px;top:325.2px;">13,937</div><div id="a169469_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:325.2px;">306</div><div id="a169472_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:325.2px;">14,366</div><div id="a169475" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:337.9px;">of which: Government bills / bonds </div><div id="a169478_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:337.768px;top:337.9px;">13,103</div><div id="a169481_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:390.768px;top:337.9px;">3,638</div><div id="a169484_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:455.595px;top:337.9px;">0</div><div id="a169487_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:337.9px;">16,741</div><div id="a169491_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.648px;top:337.9px;">5,624</div><div id="a169494_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:337.9px;">3,236</div><div id="a169497_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:632.555px;top:337.9px;">0</div><div id="a169500_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:337.9px;">8,860</div><div id="a169503" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:351.2px;">of which: Loans </div><div id="a169506_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:351.2px;">0</div><div id="a169509_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:390.768px;top:351.2px;">3,602</div><div id="a169512_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:351.2px;">736</div><div id="a169515_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:351.2px;">4,337</div><div id="a169519_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:351.2px;">0</div><div id="a169522_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:351.2px;">4,982</div><div id="a169525_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:351.2px;">892</div><div id="a169528_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:351.2px;">5,874</div><div id="a169531" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:364px;">of which: Securities financing transactions </div><div id="a169534_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:364px;">0</div><div id="a169537_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:390.768px;top:364px;">7,590</div><div id="a169540_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:364px;">114</div><div id="a169543_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:364px;">7,704</div><div id="a169547_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:364px;">0</div><div id="a169550_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:364px;">5,704</div><div id="a169553_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:364px;">100</div><div id="a169556_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:364px;">5,804</div><div id="a169559" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:377.2px;">of which: Auction rate securities </div><div id="a169562_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:377.2px;">0</div><div id="a169565_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:407.795px;top:377.2px;">0</div><div id="a169568_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:438.528px;top:377.2px;">1,326</div><div id="a169571_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:377.2px;">1,326</div><div id="a169575_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:377.2px;">0</div><div id="a169578_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:591.382px;top:377.2px;">0</div><div id="a169581_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:615.528px;top:377.2px;">1,585</div><div id="a169584_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:377.2px;">1,585</div><div id="a169587" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:390px;">of which: Investment fund units </div><div id="a169590_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:349.595px;top:390px;">307</div><div id="a169593_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:397.862px;top:390px;">178</div><div id="a169596_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:390px;">190</div><div id="a169599_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:493.888px;top:390px;">675</div><div id="a169603_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:540.742px;top:390px;">338</div><div id="a169606_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:581.448px;top:390px;">137</div><div id="a169609_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:390px;">117</div><div id="a169612_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.795px;top:390px;">591</div><div id="a169615" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:403.2px;">of which: Equity instruments </div><div id="a169618_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:354.795px;top:403.2px;">57</div><div id="a169621_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:407.795px;top:403.2px;">0</div><div id="a169624_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:403.2px;">792</div><div id="a169627_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:493.888px;top:403.2px;">849</div><div id="a169631_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:545.942px;top:403.2px;">83</div><div id="a169634_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:591.382px;top:403.2px;">2</div><div id="a169637_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:403.2px;">681</div><div id="a169640_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.795px;top:403.2px;">765</div><div id="a169654" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:427.9px;">Financial assets measured at<div style="display:inline-block;width:3.79px"> </div>fair value through other comprehensive<div style="display:inline-block;width:3.79px"> </div>income on a recurring basis </div><div id="a169667" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:452.4px;">Financial assets measured at fair value through<div style="display:inline-block;width:4.15px"> </div>other comprehensive income </div><div id="a169671_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:354.795px;top:452.4px;">57</div><div id="a169674_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:390.768px;top:452.4px;">2,182</div><div id="a169677_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:455.595px;top:452.4px;">0</div><div id="a169680_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:486.795px;top:452.4px;">2,239</div><div id="a169684_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.648px;top:452.4px;">2,704</div><div id="a169687_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:574.355px;top:452.4px;">6,140</div><div id="a169690_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:632.555px;top:452.4px;">0</div><div id="a169693_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:452.4px;">8,844</div><div id="a169696" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:465.7px;">of which: Asset-backed securities</div><div id="a169699" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:132.875px;top:466.3px;">2</div><div id="a169702_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:465.7px;">0</div><div id="a169705_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:407.795px;top:465.7px;">0</div><div id="a169708_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:455.595px;top:465.7px;">0</div><div id="a169711_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:503.862px;top:465.7px;">0</div><div id="a169715_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:465.7px;">0</div><div id="a169718_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:465.7px;">4,849</div><div id="a169721_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:632.555px;top:465.7px;">0</div><div id="a169724_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:465.7px;">4,849</div><div id="a169727" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:478.5px;">of which: Government bills / bonds</div><div id="a169728" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:139.022px;top:479.1px;">2</div><div id="a169731_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:478.5px;">0</div><div id="a169734_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:403.062px;top:478.5px;">26</div><div id="a169737_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:455.595px;top:478.5px;">0</div><div id="a169740_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:499.128px;top:478.5px;">26</div><div id="a169744_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.648px;top:478.5px;">2,658</div><div id="a169747_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:586.648px;top:478.5px;">27</div><div id="a169750_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:632.555px;top:478.5px;">0</div><div id="a169753_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:478.5px;">2,686</div><div id="a169756" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:491.7px;">of which: Corporate and municipal bonds </div><div id="a169760_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:354.795px;top:491.7px;">57</div><div id="a169763_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:390.768px;top:491.7px;">2,156</div><div id="a169766_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:455.595px;top:491.7px;">0</div><div id="a169769_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:491.7px;">2,213</div><div id="a169773_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:545.942px;top:491.7px;">45</div><div id="a169776_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:491.7px;">1,265</div><div id="a169779_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:632.555px;top:491.7px;">0</div><div id="a169782_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:491.7px;">1,310</div><div id="a169796" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:516.3px;">Non-financial assets measured at<div style="display:inline-block;width:3.74px"> </div>fair value on a recurring basis </div><div id="a169811" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:540.9px;">Precious metals and other physical commodities </div><div id="a169814_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.502px;top:540.9px;">4,471</div><div id="a169817_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:407.795px;top:540.9px;">0</div><div id="a169820_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:455.595px;top:540.9px;">0</div><div id="a169823_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:486.795px;top:540.9px;">4,471</div><div id="a169827_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.648px;top:540.9px;">5,258</div><div id="a169830_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:540.9px;">0</div><div id="a169833_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:632.555px;top:540.9px;">0</div><div id="a169836_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:540.9px;">5,258</div><div id="a169850" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:566px;">Non-financial assets measured at<div style="display:inline-block;width:3.74px"> </div>fair value on a non-recurring<div style="display:inline-block;width:3.98px"> </div>basis </div><div id="a169867" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:590.6px;">Other non-financial assets</div><div id="a169870" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:97.848px;top:591.2px;">3</div><div id="a169873_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:359.528px;top:590.6px;">0</div><div id="a169876_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:407.795px;top:590.6px;">0</div><div id="a169879_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:450.862px;top:590.6px;">21</div><div id="a169882_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:499.128px;top:590.6px;">21</div><div id="a169886_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.702px;top:590.6px;">0</div><div id="a169889_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:590.6px;">0</div><div id="a169892_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:627.822px;top:590.6px;">26</div><div id="a169895_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:590.6px;">26</div><div id="a169909" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:614.7px;">Total assets measured<div style="display:inline-block;width:3.81px"> </div>at fair value </div><div id="a169912_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:333.008px;top:614.7px;">128,132</div><div id="a169915_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:381.275px;top:614.7px;">207,028</div><div id="a169918_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.528px;top:614.7px;">6,698</div><div id="a169921_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:477.342px;top:614.7px;">341,858</div><div id="a169925_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:524.195px;top:614.7px;">149,484</div><div id="a169928_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.888px;top:614.7px;">187,658</div><div id="a169931_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.528px;top:614.7px;">7,645</div><div id="a169934_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:614.7px;">344,787</div></div></div></div> 96263000000 10284000000 1488000000 108034000000 113722000000 15012000000 2299000000 131033000000 83095000000 789000000 126000000 84010000000 97983000000 1090000000 149000000 99222000000 5496000000 950000000 18000000 6464000000 7135000000 1351000000 10000000 8496000000 6673000000 596000000 61000000 7330000000 7843000000 1364000000 21000000 9229000000 976000000 6509000000 541000000 8026000000 708000000 7791000000 556000000 9055000000 0 1179000000 628000000 1807000000 0 3099000000 1443000000 4542000000 22000000 261000000 114000000 397000000 53000000 317000000 120000000 489000000 769000000 147876000000 1464000000 150109000000 522000000 116482000000 1140000000 118145000000 575000000 84882000000 2000000 85459000000 255000000 53046000000 7000000 53307000000 0 39345000000 460000000 39805000000 0 32747000000 494000000 33241000000 1000000 21542000000 653000000 22195000000 0 27861000000 384000000 28245000000 0 719000000 318000000 1038000000 0 1179000000 236000000 1414000000 0 1334000000 30000000 1365000000 0 1590000000 16000000 1606000000 0 17576000000 0 17576000000 0 21839000000 0 21839000000 26572000000 29110000000 3725000000 59408000000 27278000000 28185000000 4180000000 59642000000 13071000000 1000000 0 13072000000 21110000000 187000000 6000000 21303000000 35000000 14101000000 230000000 14366000000 123000000 13937000000 306000000 14366000000 13103000000 3638000000 0 16741000000 5624000000 3236000000 0 8860000000 0 3602000000 736000000 4337000000 0 4982000000 892000000 5874000000 0 7590000000 114000000 7704000000 0 5704000000 100000000 5804000000 0 0 1326000000 1326000000 0 0 1585000000 1585000000 307000000 178000000 190000000 675000000 338000000 137000000 117000000 591000000 57000000 0 792000000 849000000 83000000 2000000 681000000 765000000 57000000 2182000000 0 2239000000 2704000000 6140000000 0 8844000000 0 0 0 0 0 4849000000 0 4849000000 0 26000000 0 26000000 2658000000 27000000 0 2686000000 57000000 2156000000 0 2213000000 45000000 1265000000 0 1310000000 4471000000 0 0 4471000000 5258000000 0 0 5258000000 0 0 21000000 21000000 0 0 26000000 26000000 128132000000 207028000000 6698000000 341858000000 149484000000 187658000000 7645000000 344787000000 <div id="TextBlockContainer1427" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:693px;height:441px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a169987" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:2.8px;">Determination of fair values<div style="display:inline-block;width:4.29px"> </div>from quoted market prices or valuation techniques<div style="display:inline-block;width:4.48px"> </div>(continued)</div><div id="a169988" style="position:absolute;font-family:'Frutiger';font-size:6.148px;font-weight:bold;font-style:normal;left:436.168px;top:3.5px;">1</div><div id="a169992" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:398.342px;top:16.2px;">31.12.22 </div><div id="a169995" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.395px;top:16.2px;">31.12.21 </div><div id="a169997" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:30px;">USD m </div><div id="a170000" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:338.715px;top:30px;">Level 1 </div><div id="a170002" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:386.955px;top:30px;">Level 2 </div><div id="a170004" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.755px;top:30px;">Level 3 </div><div id="a170006" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:490.582px;top:30px;">Total </div><div id="a170009" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:529.862px;top:30px;">Level 1 </div><div id="a170011" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.568px;top:30px;">Level 2 </div><div id="a170013" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:611.742px;top:30px;">Level 3 </div><div id="a170015" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:30px;">Total </div><div id="a170028" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:54.6px;">Financial liabilities measured at fair value<div style="display:inline-block;width:3.98px"> </div>on a recurring basis </div><div id="a170041" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:79.6px;">Financial liabilities at fair value held for trading </div><div id="a170044_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.768px;top:79.6px;">23,578</div><div id="a170047_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:390.768px;top:79.6px;">5,823</div><div id="a170050_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:445.662px;top:79.6px;">114</div><div id="a170053_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:482.075px;top:79.6px;">29,515</div><div id="a170057_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:528.915px;top:79.6px;">25,413</div><div id="a170060_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:574.355px;top:79.6px;">6,170</div><div id="a170063_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:622.622px;top:79.6px;">105</div><div id="a170066_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:79.6px;">31,688</div><div id="a170069" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:92.9px;">of which: Equity instruments </div><div id="a170073_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:337.768px;top:92.9px;">16,521</div><div id="a170076_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:397.862px;top:92.9px;">352</div><div id="a170079_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:450.862px;top:92.9px;">78</div><div id="a170082_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:92.9px;">16,951</div><div id="a170086_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:528.915px;top:92.9px;">18,328</div><div id="a170089_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:581.448px;top:92.9px;">513</div><div id="a170092_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:627.822px;top:92.9px;">83</div><div id="a170095_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:92.9px;">18,924</div><div id="a170098" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:106.1px;">of which: Corporate and municipal bonds </div><div id="a170101_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:354.795px;top:106.1px;">36</div><div id="a170104_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:390.768px;top:106.1px;">4,643</div><div id="a170107_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:450.862px;top:106.1px;">27</div><div id="a170110_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:106.1px;">4,707</div><div id="a170114_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:545.942px;top:106.1px;">30</div><div id="a170117_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:106.1px;">4,219</div><div id="a170120_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:627.822px;top:106.1px;">17</div><div id="a170123_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:106.1px;">4,266</div><div id="a170126" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:119.9px;">of which: Government bills / bonds </div><div id="a170129_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:342.502px;top:119.9px;">5,880</div><div id="a170132_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:397.862px;top:119.9px;">706</div><div id="a170135_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:455.595px;top:119.9px;">1</div><div id="a170138_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:119.9px;">6,587</div><div id="a170142_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.648px;top:119.9px;">5,883</div><div id="a170145_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:581.448px;top:119.9px;">826</div><div id="a170148_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:632.555px;top:119.9px;">0</div><div id="a170151_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:119.9px;">6,709</div><div id="a170154" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:133.1px;">of which: Investment fund units </div><div id="a170158_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:342.502px;top:133.1px;">1,141</div><div id="a170161_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:403.062px;top:133.1px;">84</div><div id="a170164_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:455.595px;top:133.1px;">3</div><div id="a170167_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:133.1px;">1,229</div><div id="a170171_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:533.648px;top:133.1px;">1,172</div><div id="a170174_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:581.448px;top:133.1px;">555</div><div id="a170177_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:632.555px;top:133.1px;">6</div><div id="a170180_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:133.1px;">1,733</div><div id="a170194" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:158.2px;">Derivative financial instruments </div><div id="a170197_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:349.595px;top:158.2px;">640</div><div id="a170200_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:381.275px;top:158.2px;">152,582</div><div id="a170203_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.528px;top:158.2px;">1,684</div><div id="a170206_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:477.342px;top:158.2px;">154,906</div><div id="a170210_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:540.742px;top:158.2px;">509</div><div id="a170213_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.888px;top:158.2px;">118,558</div><div id="a170216_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.528px;top:158.2px;">2,242</div><div id="a170219_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:158.2px;">121,309</div><div id="a170222" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:171.4px;">of which: Foreign exchange<div style="display:inline-block;width:3.54px"> </div></div><div id="a170225_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:349.595px;top:171.4px;">587</div><div id="a170228_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:386.008px;top:171.4px;">87,897</div><div id="a170231_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:450.862px;top:171.4px;">24</div><div id="a170234_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:171.4px;">88,508</div><div id="a170238_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:540.742px;top:171.4px;">258</div><div id="a170241_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:569.622px;top:171.4px;">53,800</div><div id="a170244_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:627.822px;top:171.4px;">21</div><div id="a170247_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:171.4px;">54,078</div><div id="a170250" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:184.7px;">of which: Interest rate<div style="display:inline-block;width:3.35px"> </div></div><div id="a170253_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:184.7px;">0</div><div id="a170256_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:386.008px;top:184.7px;">37,429</div><div id="a170259_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:184.7px;">116</div><div id="a170262_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:184.7px;">37,545</div><div id="a170266_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:184.7px;">0</div><div id="a170269_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:569.622px;top:184.7px;">28,398</div><div id="a170272_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:184.7px;">278</div><div id="a170275_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:184.7px;">28,675</div><div id="a170278" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:197.9px;">of which: Equity / index<div style="display:inline-block;width:3.26px"> </div></div><div id="a170281_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:197.9px;">0</div><div id="a170284_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:386.008px;top:197.9px;">24,963</div><div id="a170287_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:438.528px;top:197.9px;">1,184</div><div id="a170290_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:197.9px;">26,148</div><div id="a170294_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:197.9px;">0</div><div id="a170297_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:569.622px;top:197.9px;">33,438</div><div id="a170300_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:615.528px;top:197.9px;">1,511</div><div id="a170303_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:197.9px;">34,949</div><div id="a170306" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:211.2px;">of which: Credit </div><div id="a170309_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:211.2px;">0</div><div id="a170312_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:397.862px;top:211.2px;">920</div><div id="a170315_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:211.2px;">279</div><div id="a170318_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:211.2px;">1,199</div><div id="a170322_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:211.2px;">0</div><div id="a170325_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:211.2px;">1,412</div><div id="a170328_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:211.2px;">341</div><div id="a170331_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:211.2px;">1,753</div><div id="a170334" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:224.9px;">of which: Commodities </div><div id="a170338_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:224.9px;">0</div><div id="a170341_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:390.768px;top:224.9px;">1,309</div><div id="a170344_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:450.862px;top:224.9px;">52</div><div id="a170347_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:224.9px;">1,361</div><div id="a170351_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:224.9px;">0</div><div id="a170354_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:224.9px;">1,503</div><div id="a170357_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:627.822px;top:224.9px;">63</div><div id="a170360_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:224.9px;">1,566</div><div id="a170374" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:249.9px;">Financial liabilities designated at<div style="display:inline-block;width:3.81px"> </div>fair value on a recurring basis </div><div id="a170387" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:275px;">Brokerage payables designated at<div style="display:inline-block;width:4.03px"> </div>fair value </div><div id="a170390_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:359.528px;top:275px;">0</div><div id="a170393_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:386.008px;top:275px;">45,085</div><div id="a170396_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:455.595px;top:275px;">0</div><div id="a170399_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:482.075px;top:275px;">45,085</div><div id="a170403_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.702px;top:275px;">0</div><div id="a170406_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:569.622px;top:275px;">44,045</div><div id="a170409_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:632.555px;top:275px;">0</div><div id="a170412_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:275px;">44,045</div><div id="a170426" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:299.2px;">Debt issued designated at fair value </div><div id="a170429_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:359.528px;top:299.2px;">0</div><div id="a170432_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:386.008px;top:299.2px;">62,603</div><div id="a170435_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.528px;top:299.2px;">9,240</div><div id="a170438_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:482.075px;top:299.2px;">71,842</div><div id="a170442_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.702px;top:299.2px;">0</div><div id="a170445_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:569.622px;top:299.2px;">59,606</div><div id="a170448_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:610.795px;top:299.2px;">11,854</div><div id="a170451_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:299.2px;">71,460</div><div id="a170465" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:323.8px;">Other financial liabilities designated at fair value </div><div id="a170468_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:359.528px;top:323.8px;">0</div><div id="a170471_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:386.008px;top:323.8px;">30,055</div><div id="a170474_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.528px;top:323.8px;">1,978</div><div id="a170477_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:482.075px;top:323.8px;">32,033</div><div id="a170481_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.702px;top:323.8px;">0</div><div id="a170484_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:569.622px;top:323.8px;">29,258</div><div id="a170487_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.528px;top:323.8px;">3,156</div><div id="a170490_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:323.8px;">32,414</div><div id="a170493" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:337px;">of which: Financial liabilities related to unit-linked<div style="display:inline-block;width:3.88px"> </div>investment contracts </div><div id="a170499_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:337px;">0</div><div id="a170502_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:386.008px;top:337px;">13,221</div><div id="a170505_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:455.595px;top:337px;">0</div><div id="a170508_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:337px;">13,221</div><div id="a170512_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:337px;">0</div><div id="a170515_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:569.622px;top:337px;">21,466</div><div id="a170518_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:632.555px;top:337px;">0</div><div id="a170521_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:337px;">21,466</div><div id="a170524" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:350.3px;">of which: Securities financing transactions </div><div id="a170527_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:350.3px;">0</div><div id="a170530_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:386.008px;top:350.3px;">15,333</div><div id="a170533_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:455.595px;top:350.3px;">0</div><div id="a170536_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:482.075px;top:350.3px;">15,333</div><div id="a170540_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:350.3px;">0</div><div id="a170543_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:350.3px;">6,375</div><div id="a170546_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:632.555px;top:350.3px;">2</div><div id="a170549_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:350.3px;">6,377</div><div id="a170552" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:363.5px;">of which: Over-the-counter<div style="display:inline-block;width:3.83px"> </div>debt instruments and other </div><div id="a170559_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:359.528px;top:363.5px;">0</div><div id="a170562_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:397.862px;top:363.5px;">993</div><div id="a170565_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:445.662px;top:363.5px;">691</div><div id="a170568_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:486.795px;top:363.5px;">1,684</div><div id="a170572_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:550.702px;top:363.5px;">0</div><div id="a170575_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:574.355px;top:363.5px;">1,417</div><div id="a170578_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:622.622px;top:363.5px;">814</div><div id="a170581_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.702px;top:363.5px;">2,231</div><div id="a170595" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:388.6px;">Total liabilities measured<div style="display:inline-block;width:3.97px"> </div>at fair value </div><div id="a170598_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.768px;top:388.6px;">24,219</div><div id="a170601_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:381.275px;top:388.6px;">296,148</div><div id="a170604_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:433.808px;top:388.6px;">13,015</div><div id="a170607_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:477.342px;top:388.6px;">333,382</div><div id="a170611_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:528.915px;top:388.6px;">25,922</div><div id="a170614_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.888px;top:388.6px;">257,637</div><div id="a170617_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:610.795px;top:388.6px;">17,357</div><div id="a170620_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:388.6px;">300,916</div><div id="a170623" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:402.6px;">1 Bifurcated embedded derivatives are presented<div style="display:inline-block;width:3.65px"> </div>on the same balance sheet lines as their host contracts and are not included<div style="display:inline-block;width:3.67px"> </div>in this table. The fair value of<div style="display:inline-block;width:3.65px"> </div>these derivatives was not material for the periods<div style="display:inline-block;width:3.45px"> </div>presented.<div style="display:inline-block;width:7.49px"> </div></div><div id="a170626" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:412.6px;">2 Effective 1 April 2022, a portfolio of<div style="display:inline-block;width:3.55px"> </div>assets previously classified as Financial<div style="display:inline-block;width:3.79px"> </div>assets measured at fair value<div style="display:inline-block;width:3.64px"> </div>through other<div style="display:inline-block;width:2.9px"> </div>comprehensive income was<div style="display:inline-block;width:3.44px"> </div>reclassified to Other financial<div style="display:inline-block;width:3.47px"> </div>assets measured at amortized cost. </div><div id="a170629" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:422.5px;">Refer to Note 1 for more information.<div style="display:inline-block;width:8.51px"> </div>3 Other non-financial assets primarily<div style="display:inline-block;width:3.8px"> </div>consist of properties and other non-current assets<div style="display:inline-block;width:3.78px"> </div>held for sale, which are measured<div style="display:inline-block;width:3.91px"> </div>at the lower of their net carrying amount or fair value </div><div id="a170636" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:432.9px;">less costs to sell.</div></div> 23578000000 5823000000 114000000 29515000000 25413000000 6170000000 105000000 31688000000 16521000000 352000000 78000000 16951000000 18328000000 513000000 83000000 18924000000 36000000 4643000000 27000000 4707000000 30000000 4219000000 17000000 4266000000 5880000000 706000000 1000000 6587000000 5883000000 826000000 0 6709000000 1141000000 84000000 3000000 1229000000 1172000000 555000000 6000000 1733000000 640000000 152582000000 1684000000 154906000000 509000000 118558000000 2242000000 121309000000 587000000 87897000000 24000000 88508000000 258000000 53800000000 21000000 54078000000 0 37429000000 116000000 37545000000 0 28398000000 278000000 28675000000 0 24963000000 1184000000 26148000000 0 33438000000 1511000000 34949000000 0 920000000 279000000 1199000000 0 1412000000 341000000 1753000000 0 1309000000 52000000 1361000000 0 1503000000 63000000 1566000000 0 45085000000 0 45085000000 0 44045000000 0 44045000000 0 62603000000 9240000000 71842000000 0 59606000000 11854000000 71460000000 0 30055000000 1978000000 32033000000 0 29258000000 3156000000 32414000000 0 13221000000 0 13221000000 0 21466000000 0 21466000000 0 15333000000 0 15333000000 0 6375000000 2000000 6377000000 0 993000000 691000000 1684000000 0 1417000000 814000000 2231000000 24219000000 296148000000 13015000000 333382000000 25922000000 257637000000 17357000000 300916000000 <div id="TextBlockContainer1446" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:106px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1444_XBRL_TS_537fa24172a046938cb310a433993191" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1445" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:106px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a171822" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Deferred day-1 profit<div style="display:inline-block;width:4.14px"> </div>or loss reserves </div><div id="a171830" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:15.3px;">USD m </div><div id="a171833" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:523.248px;top:15.3px;">2022 </div><div id="a171835" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:15.3px;">2021 </div><div id="a171837" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.542px;top:15.3px;">2020 </div><div id="a171839" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:30.9px;">Reserve balance at the beginning of the<div style="display:inline-block;width:3.79px"> </div>year </div><div id="a171842_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.982px;top:30.9px;">418</div><div id="a171845_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:30.9px;">269</div><div id="a171848_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:30.9px;">146</div><div id="a171851" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:47.5px;">Profit / (loss) deferred on new transactions </div><div id="a171854_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.982px;top:47.5px;">299</div><div id="a171857_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:47.5px;">459</div><div id="a171860_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:47.5px;">362</div><div id="a171863" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:63.6px;">(Profit) / loss recognized in the income statement </div><div id="a171867_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:523.248px;top:63.6px;display:flex;">(295)</div><div id="a171870_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:63.6px;display:flex;">(308)</div><div id="a171873_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.542px;top:63.6px;display:flex;">(238)</div><div id="a171876" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:80.1px;">Foreign currency translation </div><div id="a171879_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:537.902px;top:80.1px;">0</div><div id="a171882_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:600.862px;top:80.1px;display:flex;">(2)</div><div id="a171885_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.195px;top:80.1px;">0</div><div id="a171888" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:95.7px;">Reserve balance at the end of the year </div><div id="a171891_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.982px;top:95.7px;">422</div><div id="a171894_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.102px;top:95.7px;">418</div><div id="a171897_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:95.7px;">269</div></div></div></div> 418000000 269000000 146000000 299000000 459000000 362000000 -295000000 -308000000 -238000000 0 -2000000 0 422000000 418000000 269000000 <div id="TextBlockContainer1451" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:680px;height:184px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a171948" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Own credit adjustments on financial<div style="display:inline-block;width:4.35px"> </div>liabilities designated at fair value </div><div id="a171957" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:496.288px;top:14.3px;">Included in Other comprehensive income </div><div id="a171961" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.008px;top:28.1px;">For the year ended </div><div id="a171963" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:41.8px;">USD m </div><div id="a171966" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:497.235px;top:41.8px;">31.12.22 </div><div id="a171969" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.035px;top:41.8px;">31.12.21 </div><div id="a171971" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:639.168px;top:41.8px;">31.12.20 </div><div id="a171973" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:55.5px;">Recognized during the period: </div><div id="a171980" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:69.7px;">Realized gain / (loss)<div style="display:inline-block;width:2.91px"> </div></div><div id="a171983_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:526.088px;top:69.7px;">1</div><div id="a171987_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.955px;top:69.7px;display:flex;">(14)</div><div id="a171990_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.048px;top:69.7px;">2</div><div id="a171993" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:83.9px;">Unrealized gain / (loss)<div style="display:inline-block;width:3.33px"> </div></div><div id="a171996_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.155px;top:83.9px;">866</div><div id="a172000_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.155px;top:83.9px;">60</div><div id="a172003_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:83.9px;display:flex;">(295)</div><div id="a172006" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:97.6px;">Total gain / (loss), before<div style="display:inline-block;width:3.7px"> </div>tax </div><div id="a172009_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.155px;top:97.6px;">867</div><div id="a172013_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:595.155px;top:97.6px;">46</div><div id="a172016_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:97.6px;display:flex;">(293)</div><div id="a172025" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:117px;">USD m </div><div id="a172028" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:497.235px;top:117px;">31.12.22 </div><div id="a172031" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.035px;top:117px;">31.12.21 </div><div id="a172033" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:639.168px;top:117px;">31.12.20 </div><div id="a172035" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:130.7px;">Recognized on the balance sheet<div style="display:inline-block;width:3.77px"> </div>as of the end of the period: </div><div id="a172043" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:144.9px;">Unrealized life-to-date gain / (loss)<div style="display:inline-block;width:3.53px"> </div></div><div id="a172050_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.155px;top:144.9px;">556</div><div id="a172054_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:144.9px;display:flex;">(315)</div><div id="a172057_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:144.9px;display:flex;">(381)</div><div id="a172060" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:159.6px;">of which: debt issued designated at fair value </div><div id="a172063_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.155px;top:159.6px;">289</div><div id="a172067_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:159.6px;display:flex;">(144)</div><div id="a172070_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:159.6px;display:flex;">(233)</div><div id="a172073" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:173.8px;">of which: other financial liabilities designated at fair value </div><div id="a172076_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.155px;top:173.8px;">266</div><div id="a172080_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.222px;top:173.8px;display:flex;">(172)</div><div id="a172083_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:173.8px;display:flex;">(148)</div></div> 1000000 -14000000 2000000 866000000 60000000 -295000000 867000000 46000000 -293000000 556000000 -315000000 -381000000 289000000 -144000000 -233000000 266000000 -172000000 -148000000 <div id="TextBlockContainer1459" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:135px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a172207" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Balance sheet valuation adjustments<div style="display:inline-block;width:4.38px"> </div>on financial instruments </div><div id="a172214" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:603.702px;top:14.8px;">As of </div><div id="a172216" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:28.6px;">USD m </div><div id="a172219" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:577.195px;top:28.6px;">31.12.22 </div><div id="a172221" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.315px;top:28.6px;">31.12.21 </div><div id="a172223" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:42.3px;">Credit valuation adjustments</div><div id="a172224" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:108.248px;top:42.9px;">1</div><div id="a172227" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:42.3px;display:flex;">(33)</div><div id="a172229" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:42.3px;display:flex;">(44)</div><div id="a172231" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:56px;">Funding valuation adjustments </div><div id="a172234" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:56px;display:flex;">(50)</div><div id="a172236" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:56px;display:flex;">(49)</div><div id="a172238" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:69.7px;">Debit valuation adjustments </div><div id="a172241" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:606.062px;top:69.7px;">4</div><div id="a172243" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.195px;top:69.7px;">2</div><div id="a172245" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:83.4px;">Other valuation adjustments </div><div id="a172249" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:83.4px;display:flex;">(839)</div><div id="a172251" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.542px;top:83.4px;display:flex;">(913)</div><div id="a172253" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:97.6px;">of which: liquidity </div><div id="a172256" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:591.382px;top:97.6px;display:flex;">(311)</div><div id="a172258" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:659.542px;top:97.6px;display:flex;">(341)</div><div id="a172260" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:111.8px;">of which: model uncertainty </div><div id="a172263" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:591.382px;top:111.8px;display:flex;">(529)</div><div id="a172265" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:659.542px;top:111.8px;display:flex;">(571)</div><div id="a172267" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:126.4px;">1 Amounts do not include reserves<div style="display:inline-block;width:3.45px"> </div>against defaulted counterparties.</div></div> -33000000 -44000000 -50000000 -49000000 4000000 2000000 -839000000 -913000000 -311000000 -341000000 -529000000 -571000000 -861000000 <div id="TextBlockContainer1467" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:690px;height:591px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a172366" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Valuation techniques<div style="display:inline-block;width:4.41px"> </div>and inputs used in the fair value measurement<div style="display:inline-block;width:4.47px"> </div>of Level 3 assets and liabilities </div><div id="a172371" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:172.128px;top:12.9px;">Fair value </div><div id="a172376" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:363.782px;top:26.6px;">Significant </div><div id="a172377" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:363.782px;top:38.5px;">unobservable </div><div id="a172378" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:363.782px;top:49.8px;">input(s)</div><div id="a172379" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:391.248px;top:50.5px;">1</div><div id="a172381" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:537.435px;top:12.9px;">Range of inputs </div><div id="a172384" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:135.248px;top:25.7px;">Assets </div><div id="a172387" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:214.728px;top:25.7px;">Liabilities </div><div id="a172390" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:278.595px;top:38.5px;">Valuation </div><div id="a172391" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:278.595px;top:49.8px;">technique(s) </div><div id="a172394" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:482.542px;top:25.7px;">31.12.22 </div><div id="a172397" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.702px;top:25.7px;">31.12.21 </div><div id="a172400" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:49.8px;">USD bn </div><div id="a172402" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:112.035px;top:49.8px;">31.12.22 </div><div id="a172404" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:151.315px;top:49.8px;">31.12.21 </div><div id="a172407" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:196.755px;top:49.8px;">31.12.22 </div><div id="a172409" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:236.502px;top:49.8px;">31.12.21 </div><div id="a172413" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.475px;top:49.8px;">low </div><div id="a172415" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:486.328px;top:49.8px;">high </div><div id="a172417" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:514.262px;top:38.5px;">weighted </div><div id="a172418" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.622px;top:49.8px;">average</div><div id="a172419" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:545.475px;top:50.5px;">2 </div><div id="a172422" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.315px;top:49.8px;">low </div><div id="a172424" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.382px;top:49.8px;">high </div><div id="a172426" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:614.102px;top:38.5px;">weighted </div><div id="a172427" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.942px;top:49.8px;">average</div><div id="a172428" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:645.315px;top:50.5px;">2 </div><div id="a172430" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.688px;top:49.8px;">unit</div><div id="a172431" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:679.875px;top:50.5px;">1 </div><div id="a172433" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:62.6px;">Financial assets and liabilities at fair value<div style="display:inline-block;width:4.07px"> </div>held for trading and Financial<div style="display:inline-block;width:3.89px"> </div>assets at fair value not held for trading </div><div id="a172435" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:75.9px;">Corporate and municipal </div><div id="a172436" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:87.2px;">bonds </div><div id="a172438_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:133.355px;top:87.2px;">0.8</div><div id="a172441_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:173.075px;top:87.2px;">0.9</div><div id="a172445_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:218.035px;top:87.2px;">0.0</div><div id="a172448_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:258.262px;top:87.2px;">0.0</div><div id="a172452" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:75.9px;">Relative value to </div><div id="a172453" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:87.2px;">market comparable </div><div id="a172456" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:87.2px;">Bond price equivalent </div><div id="a172458_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:461.262px;top:87.2px;">14</div><div id="a172461_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:87.2px;">112</div><div id="a172464_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:538.848px;top:87.2px;">85</div><div id="a172468_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.102px;top:87.2px;">16</div><div id="a172471_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:87.2px;">143</div><div id="a172474_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:638.702px;top:87.2px;">98</div><div id="a172477" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:87.2px;">points </div><div id="a172486" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:100.4px;">Discounted expected </div><div id="a172487" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:112.3px;">cash flows </div><div id="a172490" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:112.3px;">Discount margin </div><div id="a172492_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.062px;top:112.3px;">412</div><div id="a172495_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:112.3px;">412</div><div id="a172500_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.888px;top:112.3px;">434</div><div id="a172503_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:112.3px;">434</div><div id="a172507" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:100.4px;">basis </div><div id="a172508" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:112.3px;">points </div><div id="a172510" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:125px;">Traded loans, loans </div><div id="a172511" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:136.9px;">measured at fair value, </div><div id="a172512" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:148.7px;">loan commitments and </div><div id="a172513" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:160.1px;">guarantees </div><div id="a172515_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:133.355px;top:160.1px;">1.7</div><div id="a172518_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:173.075px;top:160.1px;">2.8</div><div id="a172522_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:218.035px;top:160.1px;">0.0</div><div id="a172525_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:258.262px;top:160.1px;">0.0</div><div id="a172529" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:148.7px;">Relative value to </div><div id="a172530" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:160.1px;">market comparable </div><div id="a172533" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:160.1px;">Loan price equivalent </div><div id="a172535_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:461.262px;top:160.1px;">30</div><div id="a172538_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:160.1px;">100</div><div id="a172541_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:538.848px;top:160.1px;">97</div><div id="a172545_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:574.822px;top:160.1px;">0</div><div id="a172548_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:160.1px;">101</div><div id="a172551_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:638.702px;top:160.1px;">99</div><div id="a172554" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:160.1px;">points </div><div id="a172563" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:173.3px;">Discounted expected </div><div id="a172564" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:185.1px;">cash flows </div><div id="a172567" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:185.1px;">Credit spread </div><div id="a172569_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.062px;top:185.1px;">200</div><div id="a172572_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:185.1px;">200</div><div id="a172575_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:533.648px;top:185.1px;">200</div><div id="a172579_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.888px;top:185.1px;">175</div><div id="a172582_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:185.1px;">800</div><div id="a172585_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.502px;top:185.1px;">436</div><div id="a172588" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:173.3px;">basis </div><div id="a172589" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:185.1px;">points </div><div id="a172598" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:197.9px;">Market comparable </div><div id="a172599" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:209.7px;">and securitization </div><div id="a172600" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:221.5px;">model </div><div id="a172603" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:221.5px;">Credit spread </div><div id="a172605_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.062px;top:221.5px;">145</div><div id="a172608_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:480.648px;top:221.5px;">1,350</div><div id="a172611_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:533.648px;top:221.5px;">322</div><div id="a172615_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.102px;top:221.5px;">28</div><div id="a172619" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.702px;top:221.5px;">1,544</div><div id="a172621_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.502px;top:221.5px;">241</div><div id="a172624" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:209.7px;">basis </div><div id="a172625" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:221.5px;">points </div><div id="a172627" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:246.2px;">Auction rate securities </div><div id="a172629_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:133.355px;top:246.2px;">1.3</div><div id="a172632_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:173.075px;top:246.2px;">1.6</div><div id="a172639" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:234.3px;">Discounted expected </div><div id="a172640" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:246.2px;">cash flows </div><div id="a172643" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:246.2px;">Credit spread </div><div id="a172645_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.062px;top:246.2px;">115</div><div id="a172648_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:246.2px;">196</div><div id="a172651_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:533.648px;top:246.2px;">144</div><div id="a172655_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.888px;top:246.2px;">115</div><div id="a172658_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:246.2px;">197</div><div id="a172661_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.502px;top:246.2px;">153</div><div id="a172664" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:234.3px;">basis </div><div id="a172665" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:246.2px;">points </div><div id="a172667" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:270.8px;">Investment fund units</div><div id="a172668" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:82.248px;top:271.4px;">3</div><div id="a172670_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:133.355px;top:270.8px;">0.3</div><div id="a172673_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:173.075px;top:270.8px;">0.1</div><div id="a172677_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:218.035px;top:270.8px;">0.0</div><div id="a172680_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:258.262px;top:270.8px;">0.0</div><div id="a172684" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:258.9px;">Relative value to </div><div id="a172685" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:270.8px;">market comparable </div><div id="a172688" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:270.8px;">Net asset value </div><div id="a172698" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:295.3px;">Equity instruments</div><div id="a172699" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:70.391px;top:296px;">3</div><div id="a172701_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:133.355px;top:295.3px;">0.9</div><div id="a172704_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:173.075px;top:295.3px;">0.8</div><div id="a172708_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:218.035px;top:295.3px;">0.1</div><div id="a172711_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:258.262px;top:295.3px;">0.1</div><div id="a172715" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:284px;">Relative value to </div><div id="a172716" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:295.3px;">market comparable </div><div id="a172719" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:295.3px;">Price </div><div id="a172729" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:308.1px;">Debt issued designated at </div><div id="a172730" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:319.5px;">fair value</div><div id="a172731" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:37.287px;top:320.1px;">4</div><div id="a172736_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:218.035px;top:319.5px;">9.2</div><div id="a172739_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:253.062px;top:319.5px;">11.9</div><div id="a172754" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:331.8px;">Other financial liabilities </div><div id="a172755" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:343.6px;">designated at fair value </div><div id="a172760_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:218.035px;top:343.6px;">2.0</div><div id="a172763_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:258.262px;top:343.6px;">3.2</div><div id="a172767" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:331.8px;">Discounted expected </div><div id="a172768" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:343.6px;">cash flows </div><div id="a172771" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:343.6px;">Funding spread </div><div id="a172773_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:461.262px;top:343.6px;">23</div><div id="a172776_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:343.6px;">175</div><div id="a172781_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.102px;top:343.6px;">24</div><div id="a172784_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:343.6px;">175</div><div id="a172788" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:331.8px;">basis </div><div id="a172789" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:343.6px;">points </div><div id="a172791" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:356.4px;">Derivative financial instruments </div><div id="a172793" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:381px;">Interest rate </div><div id="a172795_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:133.355px;top:381px;">0.5</div><div id="a172798_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:173.075px;top:381px;">0.5</div><div id="a172802_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:218.035px;top:381px;">0.1</div><div id="a172805_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:258.262px;top:381px;">0.3</div><div id="a172809" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:381px;">Option model </div><div id="a172812" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:369.1px;">Volatility of interest </div><div id="a172813" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:381px;">rates </div><div id="a172815_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:461.262px;top:381px;">75</div><div id="a172818_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:381px;">143</div><div id="a172823_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:570.102px;top:381px;">65</div><div id="a172826_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.995px;top:381px;">81</div><div id="a172830" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:369.1px;">basis </div><div id="a172831" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:381px;">points </div><div id="a172833" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:405.6px;">Credit </div><div id="a172835_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:133.355px;top:405.6px;">0.3</div><div id="a172838_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:173.075px;top:405.6px;">0.2</div><div id="a172842_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:218.035px;top:405.6px;">0.3</div><div id="a172845_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:258.262px;top:405.6px;">0.3</div><div id="a172849" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:394.2px;">Discounted expected </div><div id="a172850" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:405.6px;">cash flows </div><div id="a172853" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:405.6px;">Credit spreads<div style="display:inline-block;width:2.76px"> </div></div><div id="a172855_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.995px;top:405.6px;">9</div><div id="a172858_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:405.6px;">565</div><div id="a172863_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:574.822px;top:405.6px;">1</div><div id="a172866_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:405.6px;">583</div><div id="a172870" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:394.2px;">basis </div><div id="a172871" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:405.6px;">points </div><div id="a172882" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:419.3px;">Bond price equivalent </div><div id="a172884_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.995px;top:419.3px;">3</div><div id="a172887_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:419.3px;">277</div><div id="a172892_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:574.822px;top:419.3px;">2</div><div id="a172895_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:419.3px;">136</div><div id="a172899" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:419.3px;">points </div><div id="a172901" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:432.5px;">Equity / index </div><div id="a172903_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:133.355px;top:432.5px;">0.7</div><div id="a172906_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:173.075px;top:432.5px;">0.4</div><div id="a172910_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:218.035px;top:432.5px;">1.2</div><div id="a172913_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:258.262px;top:432.5px;">1.5</div><div id="a172917" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:278.595px;top:432.5px;">Option model </div><div id="a172920" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:432.5px;">Equity dividend yields </div><div id="a172922_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.995px;top:432.5px;">0</div><div id="a172925_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:492.955px;top:432.5px;">20</div><div id="a172930_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:574.822px;top:432.5px;">0</div><div id="a172933_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.995px;top:432.5px;">11</div><div id="a172937" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.675px;top:432.5px;">% </div><div id="a172948" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:445.3px;">Volatility of equity </div><div id="a172949" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:457.2px;">stocks, equity and </div><div id="a172950" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:469px;">other indices </div><div id="a172952_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.995px;top:469px;">4</div><div id="a172955_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:469px;">120</div><div id="a172960_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:574.822px;top:469px;">4</div><div id="a172963_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.995px;top:469px;">98</div><div id="a172967" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.675px;top:469px;">% </div><div id="a172978" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:481.8px;">Equity-to-FX </div><div id="a172983" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:493.6px;">correlation </div><div id="a172985_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.528px;top:493.6px;display:flex;">(29)</div><div id="a172988_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:492.955px;top:493.6px;">84</div><div id="a172993_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.888px;top:493.6px;display:flex;">(29)</div><div id="a172996_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.995px;top:493.6px;">76</div><div id="a173000" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.675px;top:493.6px;">% </div><div id="a173011" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:506.8px;">Equity-to-equity </div><div id="a173016" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:518.2px;">correlation </div><div id="a173018_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.528px;top:518.2px;display:flex;">(25)</div><div id="a173021_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:518.2px;">100</div><div id="a173026_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.888px;top:518.2px;display:flex;">(25)</div><div id="a173029_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:518.2px;">100</div><div id="a173033" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.675px;top:518.2px;">% </div><div id="a173035" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:531.8px;">1 The ranges<div style="display:inline-block;width:3.5px"> </div>of significant unobservable<div style="display:inline-block;width:4.24px"> </div>inputs are represented<div style="display:inline-block;width:4.11px"> </div>in points, percentages<div style="display:inline-block;width:4.11px"> </div>and basis points.<div style="display:inline-block;width:3.95px"> </div>Points are a<div style="display:inline-block;width:3.95px"> </div>percentage of par (e.g.,<div style="display:inline-block;width:4.09px"> </div>100 points would<div style="display:inline-block;width:3.81px"> </div>be 100% of par).<div style="display:inline-block;width:10.47px"> </div>2 Weighted<div style="display:inline-block;width:3.6px"> </div>averages are<div style="display:inline-block;width:3.47px"> </div>provided </div><div id="a173038" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:542.2px;">for most non-derivative<div style="display:inline-block;width:3.93px"> </div>financial instruments<div style="display:inline-block;width:3.94px"> </div>and were calculated<div style="display:inline-block;width:4.13px"> </div>by weighting inputs<div style="display:inline-block;width:3.95px"> </div>based on the fair<div style="display:inline-block;width:3.96px"> </div>values of the<div style="display:inline-block;width:3.62px"> </div>respective instruments.<div style="display:inline-block;width:4.34px"> </div>Weighted<div style="display:inline-block;width:3.46px"> </div>averages are not<div style="display:inline-block;width:3.47px"> </div>provided for inputs<div style="display:inline-block;width:4.08px"> </div>related to Other<div style="display:inline-block;width:3.77px"> </div>financial </div><div id="a173042" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:552.1px;">liabilities designated<div style="display:inline-block;width:4.12px"> </div>at fair<div style="display:inline-block;width:3.48px"> </div>value and<div style="display:inline-block;width:4.1px"> </div>Derivative financial<div style="display:inline-block;width:4.39px"> </div>instruments,<div style="display:inline-block;width:3.78px"> </div>as this would<div style="display:inline-block;width:4.88px"> </div>not be meaningful.<div style="display:inline-block;width:12.77px"> </div>3 The<div style="display:inline-block;width:3.8px"> </div>range of<div style="display:inline-block;width:3.63px"> </div>inputs is<div style="display:inline-block;width:4.09px"> </div>not disclosed,<div style="display:inline-block;width:4.19px"> </div>as there<div style="display:inline-block;width:3.63px"> </div>is a<div style="display:inline-block;width:3.63px"> </div>dispersion of<div style="display:inline-block;width:3.61px"> </div>values<div style="display:inline-block;width:3.46px"> </div>given the<div style="display:inline-block;width:4.09px"> </div>diverse nature<div style="display:inline-block;width:4.1px"> </div>of the </div><div id="a173045" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:562.5px;">investments.<div style="display:inline-block;width:8.81px"> </div>4 Debt issued designated at fair value<div style="display:inline-block;width:4.08px"> </div>primarily consists of UBS<div style="display:inline-block;width:3.61px"> </div>structured notes, which include<div style="display:inline-block;width:3.64px"> </div>variable maturity notes with<div style="display:inline-block;width:3.62px"> </div>various equity and foreign<div style="display:inline-block;width:3.46px"> </div>exchange underlying risks,<div style="display:inline-block;width:3.74px"> </div>rates-linked<div style="display:inline-block;width:3.51px"> </div>and credit-</div><div id="a173052" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:572.5px;">linked notes, all of which<div style="display:inline-block;width:3.63px"> </div>have embedded derivative<div style="display:inline-block;width:3.76px"> </div>parameters that are considered<div style="display:inline-block;width:3.64px"> </div>to be unobservable. The<div style="display:inline-block;width:4.14px"> </div>equivalent derivative instrument<div style="display:inline-block;width:4.38px"> </div>parameters are presented in the respective<div style="display:inline-block;width:3.96px"> </div>derivative financial instruments </div><div id="a173055" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:582.9px;">lines in this table.</div></div> 800000000 900000000 0.0 0.0 0.14 1.12 0.85 0.16 1.43 0.98 0.0412 0.0412 0.0434 0.0434 1700000000 2800000000 0.0 0.0 0.30 1 0.97 0 1.01 0.99 0.0200 0.0200 0.0200 0.0175 0.0800 0.0436 0.0145 0.1350 0.0322 0.0028 0.1544 0.0241 1300000000 1600000000 0.0115 0.0196 0.0144 0.0115 0.0197 0.0153 300000000 100000000 0.0 0.0 900000000 800000000 100000000 100000000 9200000000 11900000000 2000000000.0 3200000000 0.0023 0.0175 0.0024 0.0175 500000000 500000000 100000000 300000000 0.0075 0.0143 0.0065 0.0081 300000000 200000000 300000000 300000000 0.0009 0.0565 0.0001 0.0583 0.03 2.77 0.02 1.36 700000000 400000000 1200000000 1500000000 0 0.20 0 0.11 0.04 1.20 0.04 0.98 -0.29 0.84 -0.29 0.76 -0.25 1 -0.25 1 <div id="TextBlockContainer1479" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:258px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a173412" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:2.8px;">Sensitivity of fair value measurements<div style="display:inline-block;width:4.29px"> </div>to changes in unobservable input<div style="display:inline-block;width:4.18px"> </div>assumptions</div><div id="a173413" style="position:absolute;font-family:'Frutiger';font-size:6.148px;font-weight:bold;font-style:normal;left:406.368px;top:3.5px;">1</div><div id="a173420" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:432.862px;top:18.6px;">31.12.22 </div><div id="a173423" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.008px;top:18.6px;">31.12.21 </div><div id="a173425" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:47px;">USD m </div><div id="a173428" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:35.2px;">Favorable<div style="display:inline-block;width:3.45px"> </div></div><div id="a173430" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:417.248px;top:47px;">changes </div><div id="a173432" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:478.288px;top:35.2px;">Unfavorable<div style="display:inline-block;width:2.77px"> </div></div><div id="a173434" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:492.475px;top:47px;">changes </div><div id="a173437" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.208px;top:35.2px;">Favorable<div style="display:inline-block;width:3.45px"> </div></div><div id="a173439" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.408px;top:47px;">changes </div><div id="a173441" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:634.915px;top:35.2px;">Unfavorable<div style="display:inline-block;width:2.77px"> </div></div><div id="a173443" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:648.635px;top:47px;">changes </div><div id="a173445" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:61.2px;">Traded loans, loans<div style="display:inline-block;width:3.91px"> </div>measured at fair value, loan<div style="display:inline-block;width:3.91px"> </div>commitments and guarantees </div><div id="a173448_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:437.582px;top:61.2px;">19</div><div id="a173451_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.115px;top:61.2px;display:flex;">(12)</div><div id="a173455_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:61.2px;">19</div><div id="a173458_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:61.2px;display:flex;">(13)</div><div id="a173461" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:77.3px;">Securities financing transactions </div><div id="a173464_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:437.582px;top:77.3px;">33</div><div id="a173467_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.115px;top:77.3px;display:flex;">(37)</div><div id="a173471_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:77.3px;">41</div><div id="a173474_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:77.3px;display:flex;">(53)</div><div id="a173477" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:93.8px;">Auction rate securities </div><div id="a173480_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.275px;top:93.8px;">46</div><div id="a173482" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:444.235px;top:94.5px;">2 </div><div id="a173484_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:504.808px;top:93.8px;display:flex;">(46)</div><div id="a173486" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:518.995px;top:94.5px;">2 </div><div id="a173489_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:93.8px;">66</div><div id="a173492_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:93.8px;display:flex;">(66)</div><div id="a173495" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:109.9px;">Asset-backed securities </div><div id="a173500_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:437.582px;top:109.9px;">27</div><div id="a173503_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.115px;top:109.9px;display:flex;">(27)</div><div id="a173507_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:109.9px;">20</div><div id="a173510_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:109.9px;display:flex;">(20)</div><div id="a173513" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:126.5px;">Equity instruments </div><div id="a173516_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:432.382px;top:126.5px;">183</div><div id="a173519_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:502.915px;top:126.5px;display:flex;">(161)</div><div id="a173523_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:126.5px;">173</div><div id="a173526_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.062px;top:126.5px;display:flex;">(146)</div><div id="a173529" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:142.6px;">Interest rate derivatives, net </div><div id="a173532_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.275px;top:142.6px;">18</div><div id="a173534" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:444.235px;top:143.2px;">2 </div><div id="a173536_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:504.808px;top:142.6px;display:flex;">(12)</div><div id="a173538" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:518.995px;top:143.2px;">2 </div><div id="a173541_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:142.6px;">29</div><div id="a173544_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:142.6px;display:flex;">(19)</div><div id="a173547" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:159.1px;">Credit derivatives, net </div><div id="a173550_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:442.342px;top:159.1px;">3</div><div id="a173553_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:512.848px;top:159.1px;display:flex;">(4)</div><div id="a173557_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.475px;top:159.1px;">5</div><div id="a173560_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:159.1px;display:flex;">(8)</div><div id="a173563" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:175.2px;">Foreign exchange derivatives,<div style="display:inline-block;width:3.71px"> </div>net </div><div id="a173566_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:437.582px;top:175.2px;">10</div><div id="a173569_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:512.848px;top:175.2px;display:flex;">(5)</div><div id="a173573_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:175.2px;">19</div><div id="a173576_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:175.2px;display:flex;">(11)</div><div id="a173579" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:191.8px;">Equity / index derivatives, net </div><div id="a173582_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:432.382px;top:191.8px;">361</div><div id="a173585_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:502.915px;top:191.8px;display:flex;">(330)</div><div id="a173589_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:191.8px;">368</div><div id="a173592_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.062px;top:191.8px;display:flex;">(335)</div><div id="a173595" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:207.9px;">Other </div><div id="a173598_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.275px;top:207.9px;">39</div><div id="a173600" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:444.235px;top:208.5px;">2 </div><div id="a173602_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:504.808px;top:207.9px;display:flex;">(62)</div><div id="a173604" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:518.995px;top:208.5px;">2 </div><div id="a173607_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:207.9px;">50</div><div id="a173610_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:207.9px;display:flex;">(73)</div><div id="a173613" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:223.9px;">Total </div><div id="a173616_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:432.382px;top:223.9px;">738</div><div id="a173619_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:502.915px;top:223.9px;display:flex;">(696)</div><div id="a173623_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:223.9px;">790</div><div id="a173626_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.062px;top:223.9px;display:flex;">(744)</div><div id="a173629" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:239px;">1 Sensitivity<div style="display:inline-block;width:3.47px"> </div>of issued and over-the<div style="display:inline-block;width:1.6px"> </div>-counter debt instruments<div style="display:inline-block;width:4.25px"> </div>is reported with<div style="display:inline-block;width:3.46px"> </div>the equivalent<div style="display:inline-block;width:3.93px"> </div>derivative or securities<div style="display:inline-block;width:4.39px"> </div>financing instrument.<div style="display:inline-block;width:10.57px"> </div>2 Includes refinements<div style="display:inline-block;width:4.11px"> </div>applied in estimating<div style="display:inline-block;width:4.25px"> </div>valuation uncertainty<div style="display:inline-block;width:3.78px"> </div>across </div><div id="a173635" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:249.4px;">various parameters.</div></div> 19000000 -12000000 19000000 -13000000 33000000 -37000000 41000000 -53000000 46000000 -46000000 66000000 -66000000 27000000 -27000000 20000000 -20000000 183000000 -161000000 173000000 -146000000 18000000 -12000000 29000000 -19000000 3000000 -4000000 5000000 -8000000 10000000 -5000000 19000000 -11000000 361000000 -330000000 368000000 -335000000 39000000 -62000000 50000000 -73000000 738000000 -696000000 790000000 -744000000 <div id="TextBlockContainer1485" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:690px;height:431px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a173703" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Movements of Level 3<div style="display:inline-block;width:4.15px"> </div>instruments </div><div id="a173717" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:72.1px;">USD bn </div><div id="a173719" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:166.928px;top:48.4px;">Balance at </div><div id="a173720" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:155.102px;top:60.2px;">the beginning </div><div id="a173722" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:158.408px;top:72.1px;">of the period </div><div id="a173725" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:218.035px;top:13.4px;">Net gains / </div><div id="a173726" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:236.035px;top:25.2px;">losses </div><div id="a173727" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:217.555px;top:37.1px;">included in </div><div id="a173728" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:227.488px;top:48.4px;">compre- </div><div id="a173731" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:230.328px;top:60.2px;">hensive </div><div id="a173732" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:228.435px;top:72.1px;">income</div><div id="a173733" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:254.475px;top:72.7px;">1</div><div id="a173735" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:271.502px;top:13.4px;">of which: </div><div id="a173736" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:270.088px;top:25.2px;">related to </div><div id="a173737" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:262.995px;top:37.1px;">instruments </div><div id="a173738" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:265.822px;top:48.4px;">held at the </div><div id="a173739" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:267.715px;top:60.2px;">end of the </div><div id="a173740" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:281.902px;top:72.1px;">period </div><div id="a173743" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:317.408px;top:72.1px;">Purchases </div><div id="a173745" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:374.662px;top:72.1px;">Sales </div><div id="a173747" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.062px;top:72.1px;">Issuances </div><div id="a173749" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:447.075px;top:72.1px;">Settlements </div><div id="a173751" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.488px;top:48.4px;">Transfers<div style="display:inline-block;width:3.37px"> </div></div><div id="a173753" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:60.2px;">into<div style="display:inline-block;width:2.56px"> </div></div><div id="a173755" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:508.115px;top:72.1px;">Level 3 </div><div id="a173757" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:545.475px;top:48.4px;">Transfers<div style="display:inline-block;width:3.4px"> </div></div><div id="a173759" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:555.902px;top:60.2px;">out of<div style="display:inline-block;width:2.62px"> </div></div><div id="a173761" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:552.128px;top:72.1px;">Level 3 </div><div id="a173763" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.995px;top:48.4px;">Foreign<div style="display:inline-block;width:2.87px"> </div></div><div id="a173765" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:594.688px;top:60.2px;">currency<div style="display:inline-block;width:2.7px"> </div></div><div id="a173767" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:586.648px;top:72.1px;">translation </div><div id="a173769" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:643.902px;top:48.4px;">Balance at </div><div id="a173770" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:654.808px;top:60.2px;">the end </div><div id="a173772" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:635.382px;top:72.1px;">of the period </div><div id="a173788" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:3.679px;top:89.1px;">For the twelve months ended<div style="display:inline-block;width:4.01px"> </div>31 December 2022</div><div id="a173789" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:182.568px;top:89.7px;">2</div><div id="a173817" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:106.6px;">Financial assets at fair value held<div style="display:inline-block;width:4.06px"> </div>for </div><div id="a173818" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:118.4px;">trading </div><div id="a173820_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.968px;top:118.4px;">2.3</div><div id="a173824_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:240.768px;top:118.4px;display:flex;">(0.3)</div><div id="a173827_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:288.555px;top:118.4px;display:flex;">(0.3)</div><div id="a173831_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.088px;top:118.4px;">0.3</div><div id="a173834_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:376.555px;top:118.4px;display:flex;">(1.8)</div><div id="a173837_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:425.288px;top:118.4px;">0.5</div><div id="a173840" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:477.822px;top:118.4px;">0.0</div><div id="a173842_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:521.355px;top:118.4px;">0.7</div><div id="a173845_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:561.115px;top:118.4px;display:flex;">(0.3)</div><div id="a173848_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:608.902px;top:118.4px;display:flex;">(0.0)</div><div id="a173851_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:669.942px;top:118.4px;">1.5</div><div id="a173854" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:130.7px;">of which: Investment fund units </div><div id="a173857_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:130.7px;">0.0</div><div id="a173861_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:240.288px;top:130.7px;display:flex;">(0.0)</div><div id="a173864_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.088px;top:130.7px;display:flex;">(0.0)</div><div id="a173868_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:130.7px;">0.0</div><div id="a173871_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:376.075px;top:130.7px;display:flex;">(0.0)</div><div id="a173874" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:130.7px;">0.0</div><div id="a173876" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:477.822px;top:130.7px;">0.0</div><div id="a173878_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:130.7px;">0.1</div><div id="a173881_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.635px;top:130.7px;display:flex;">(0.0)</div><div id="a173884_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:130.7px;display:flex;">(0.0)</div><div id="a173887_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.408px;top:130.7px;">0.1</div><div id="a173890" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:143.5px;">of which: Corporate and municipal </div><div id="a173893" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:155.3px;">bonds </div><div id="a173895_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:155.3px;">0.6</div><div id="a173899_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:240.288px;top:155.3px;display:flex;">(0.0)</div><div id="a173902_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.088px;top:155.3px;display:flex;">(0.0)</div><div id="a173906_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:155.3px;">0.3</div><div id="a173909_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:376.075px;top:155.3px;display:flex;">(0.6)</div><div id="a173912" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:155.3px;">0.0</div><div id="a173914" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:477.822px;top:155.3px;">0.0</div><div id="a173916_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:155.3px;">0.4</div><div id="a173919_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.635px;top:155.3px;display:flex;">(0.0)</div><div id="a173922_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:155.3px;display:flex;">(0.0)</div><div id="a173925_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.408px;top:155.3px;">0.5</div><div id="a173928" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:168.6px;">of which: Loans </div><div id="a173930_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:168.6px;">1.4</div><div id="a173934_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:240.288px;top:168.6px;display:flex;">(0.1)</div><div id="a173937_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.088px;top:168.6px;display:flex;">(0.1)</div><div id="a173941_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:168.6px;">0.0</div><div id="a173944_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:376.075px;top:168.6px;display:flex;">(1.1)</div><div id="a173947_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:168.6px;">0.5</div><div id="a173950" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:477.822px;top:168.6px;">0.0</div><div id="a173952" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:168.6px;">0.0</div><div id="a173954_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.635px;top:168.6px;display:flex;">(0.2)</div><div id="a173957_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.635px;top:168.6px;">0.0</div><div id="a173960_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.408px;top:168.6px;">0.6</div><div id="a173977" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:186.5px;">Derivative financial instruments – </div><div id="a173980" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:198.4px;">assets </div><div id="a173982_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.968px;top:198.4px;">1.1</div><div id="a173986_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:245.022px;top:198.4px;">0.6</div><div id="a173989_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:292.808px;top:198.4px;">0.3</div><div id="a173993" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.555px;top:198.4px;">0.0</div><div id="a173995" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:381.275px;top:198.4px;">0.0</div><div id="a173997_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:425.288px;top:198.4px;">0.4</div><div id="a174000_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:473.088px;top:198.4px;display:flex;">(0.7)</div><div id="a174003_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:521.355px;top:198.4px;">0.1</div><div id="a174006_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:561.115px;top:198.4px;display:flex;">(0.0)</div><div id="a174009_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:608.902px;top:198.4px;display:flex;">(0.0)</div><div id="a174012_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:669.942px;top:198.4px;">1.5</div><div id="a174015" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:210.7px;">of which: Interest rate </div><div id="a174018_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:210.7px;">0.5</div><div id="a174022_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:245.488px;top:210.7px;">0.3</div><div id="a174025_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:293.288px;top:210.7px;">0.3</div><div id="a174029" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:210.7px;">0.0</div><div id="a174031" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:381.275px;top:210.7px;">0.0</div><div id="a174033_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:210.7px;">0.0</div><div id="a174036_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:472.608px;top:210.7px;display:flex;">(0.2)</div><div id="a174039_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:210.7px;">0.0</div><div id="a174042_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.635px;top:210.7px;display:flex;">(0.1)</div><div id="a174045_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:210.7px;display:flex;">(0.0)</div><div id="a174048_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.408px;top:210.7px;">0.5</div><div id="a174051" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:223.5px;">of which: Equity / index </div><div id="a174053_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:223.5px;">0.4</div><div id="a174057_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:245.488px;top:223.5px;">0.2</div><div id="a174060_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:293.288px;top:223.5px;">0.1</div><div id="a174064" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:223.5px;">0.0</div><div id="a174066" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:381.275px;top:223.5px;">0.0</div><div id="a174068_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:223.5px;">0.4</div><div id="a174071_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:472.608px;top:223.5px;display:flex;">(0.3)</div><div id="a174074_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:223.5px;">0.1</div><div id="a174077_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.635px;top:223.5px;display:flex;">(0.0)</div><div id="a174080_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:223.5px;display:flex;">(0.0)</div><div id="a174083_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.408px;top:223.5px;">0.7</div><div id="a174086" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:236.7px;">of which: Credit </div><div id="a174088_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:236.7px;">0.2</div><div id="a174092_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:245.488px;top:236.7px;">0.1</div><div id="a174095_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.088px;top:236.7px;display:flex;">(0.1)</div><div id="a174099" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:236.7px;">0.0</div><div id="a174101" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:381.275px;top:236.7px;">0.0</div><div id="a174103_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:236.7px;">0.0</div><div id="a174106_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:472.608px;top:236.7px;display:flex;">(0.2)</div><div id="a174109" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:236.7px;">0.0</div><div id="a174111_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:565.835px;top:236.7px;">0.1</div><div id="a174114_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.635px;top:236.7px;">0.0</div><div id="a174117_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.408px;top:236.7px;">0.3</div><div id="a174134" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:254.7px;">Financial assets at fair value not<div style="display:inline-block;width:3.76px"> </div>held </div><div id="a174135" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:266.5px;">for trading </div><div id="a174137_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.968px;top:266.5px;">4.2</div><div id="a174141_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:245.022px;top:266.5px;">0.1</div><div id="a174144_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:292.808px;top:266.5px;">0.1</div><div id="a174148_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.088px;top:266.5px;">0.7</div><div id="a174151_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:376.555px;top:266.5px;display:flex;">(1.2)</div><div id="a174154_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:425.288px;top:266.5px;">0.1</div><div id="a174157_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:473.088px;top:266.5px;display:flex;">(0.0)</div><div id="a174160_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:521.355px;top:266.5px;">0.2</div><div id="a174163_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:561.115px;top:266.5px;display:flex;">(0.3)</div><div id="a174166_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:608.902px;top:266.5px;display:flex;">(0.0)</div><div id="a174169_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:669.942px;top:266.5px;">3.7</div><div id="a174172" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:278.8px;">of which: Loans </div><div id="a174175_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:278.8px;">0.9</div><div id="a174179_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:240.288px;top:278.8px;display:flex;">(0.0)</div><div id="a174182_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.088px;top:278.8px;display:flex;">(0.0)</div><div id="a174186_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:278.8px;">0.4</div><div id="a174189_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:376.075px;top:278.8px;display:flex;">(0.4)</div><div id="a174192_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:278.8px;">0.1</div><div id="a174195" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:477.822px;top:278.8px;">0.0</div><div id="a174197_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:278.8px;">0.1</div><div id="a174200_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.635px;top:278.8px;display:flex;">(0.3)</div><div id="a174203_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:278.8px;display:flex;">(0.0)</div><div id="a174206_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.408px;top:278.8px;">0.7</div><div id="a174209" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:291.6px;">of which: Auction rate securities </div><div id="a174211_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:291.6px;">1.6</div><div id="a174215_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:245.488px;top:291.6px;">0.1</div><div id="a174218_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:293.288px;top:291.6px;">0.0</div><div id="a174222" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:291.6px;">0.0</div><div id="a174224_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:376.075px;top:291.6px;display:flex;">(0.3)</div><div id="a174227" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:291.6px;">0.0</div><div id="a174229" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:477.822px;top:291.6px;">0.0</div><div id="a174231" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:291.6px;">0.0</div><div id="a174233" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:565.835px;top:291.6px;">0.0</div><div id="a174235" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.635px;top:291.6px;">0.0</div><div id="a174237_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.408px;top:291.6px;">1.3</div><div id="a174240" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:304.8px;">of which: Equity instruments </div><div id="a174242_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:304.8px;">0.7</div><div id="a174246_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:245.488px;top:304.8px;">0.0</div><div id="a174249_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:293.288px;top:304.8px;">0.0</div><div id="a174253_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:304.8px;">0.1</div><div id="a174256_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:376.075px;top:304.8px;display:flex;">(0.1)</div><div id="a174259" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:304.8px;">0.0</div><div id="a174261" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:477.822px;top:304.8px;">0.0</div><div id="a174263_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:304.8px;">0.1</div><div id="a174266" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:565.835px;top:304.8px;">0.0</div><div id="a174268_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:304.8px;display:flex;">(0.0)</div><div id="a174271_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.408px;top:304.8px;">0.8</div><div id="a174288" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:322.8px;">Derivative financial instruments – </div><div id="a174291" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:334.6px;">liabilities </div><div id="a174293_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.968px;top:334.6px;">2.2</div><div id="a174297_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:240.768px;top:334.6px;display:flex;">(0.8)</div><div id="a174300_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:288.555px;top:334.6px;display:flex;">(0.4)</div><div id="a174304" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.555px;top:334.6px;">0.0</div><div id="a174306" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:381.275px;top:334.6px;">0.0</div><div id="a174308_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:425.288px;top:334.6px;">1.1</div><div id="a174311_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:473.088px;top:334.6px;display:flex;">(0.9)</div><div id="a174314_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:521.355px;top:334.6px;">0.3</div><div id="a174317_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:561.115px;top:334.6px;display:flex;">(0.2)</div><div id="a174320_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:608.902px;top:334.6px;display:flex;">(0.1)</div><div id="a174323_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:669.942px;top:334.6px;">1.7</div><div id="a174326" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:346.9px;">of which: Interest rate </div><div id="a174329_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:346.9px;">0.3</div><div id="a174333_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:240.288px;top:346.9px;display:flex;">(0.3)</div><div id="a174336_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.088px;top:346.9px;display:flex;">(0.0)</div><div id="a174340" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:346.9px;">0.0</div><div id="a174342" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:381.275px;top:346.9px;">0.0</div><div id="a174344_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:346.9px;">0.1</div><div id="a174347_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:472.608px;top:346.9px;display:flex;">(0.0)</div><div id="a174350_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:346.9px;">0.0</div><div id="a174353_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.635px;top:346.9px;display:flex;">(0.0)</div><div id="a174356_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:346.9px;display:flex;">(0.0)</div><div id="a174359_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.408px;top:346.9px;">0.1</div><div id="a174362" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:359.7px;">of which: Equity / index </div><div id="a174364_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:359.7px;">1.5</div><div id="a174368_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:240.288px;top:359.7px;display:flex;">(0.4)</div><div id="a174371_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.088px;top:359.7px;display:flex;">(0.3)</div><div id="a174375" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:359.7px;">0.0</div><div id="a174377" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:381.275px;top:359.7px;">0.0</div><div id="a174379_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:359.7px;">0.8</div><div id="a174382_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:472.608px;top:359.7px;display:flex;">(0.7)</div><div id="a174385_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:359.7px;">0.1</div><div id="a174388_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.635px;top:359.7px;display:flex;">(0.2)</div><div id="a174391_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:359.7px;display:flex;">(0.0)</div><div id="a174394_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.408px;top:359.7px;">1.2</div><div id="a174397" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:372.9px;">of which: Credit </div><div id="a174399_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:193.435px;top:372.9px;">0.3</div><div id="a174403_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:240.288px;top:372.9px;display:flex;">(0.1)</div><div id="a174406_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:288.088px;top:372.9px;display:flex;">(0.0)</div><div id="a174410" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:341.555px;top:372.9px;">0.0</div><div id="a174412" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:381.275px;top:372.9px;">0.0</div><div id="a174414_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:425.768px;top:372.9px;">0.1</div><div id="a174417_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:472.608px;top:372.9px;display:flex;">(0.1)</div><div id="a174420_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:521.822px;top:372.9px;">0.1</div><div id="a174423_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:560.635px;top:372.9px;display:flex;">(0.0)</div><div id="a174426_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:372.9px;display:flex;">(0.0)</div><div id="a174429_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.408px;top:372.9px;">0.3</div><div id="a174446" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:390.9px;">Debt issued designated at fair value </div><div id="a174448_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:188.235px;top:390.9px;">11.9</div><div id="a174452_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:240.768px;top:390.9px;display:flex;">(1.3)</div><div id="a174455_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:288.555px;top:390.9px;display:flex;">(0.9)</div><div id="a174459" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.555px;top:390.9px;">0.0</div><div id="a174461" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:381.275px;top:390.9px;">0.0</div><div id="a174463_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:425.288px;top:390.9px;">4.7</div><div id="a174466_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:473.088px;top:390.9px;display:flex;">(3.1)</div><div id="a174469_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:521.355px;top:390.9px;">0.7</div><div id="a174472_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:561.115px;top:390.9px;display:flex;">(3.3)</div><div id="a174475_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:608.902px;top:390.9px;display:flex;">(0.3)</div><div id="a174478_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:669.942px;top:390.9px;">9.2</div><div id="a174495" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:408.4px;">Other financial liabilities designated at </div><div id="a174496" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:419.8px;">fair value</div><div id="a174497" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:37.287px;top:420.4px;">3</div><div id="a174499_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.968px;top:419.8px;">3.2</div><div id="a174503_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:240.768px;top:419.8px;display:flex;">(1.0)</div><div id="a174506_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:288.555px;top:419.8px;display:flex;">(1.0)</div><div id="a174510" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.555px;top:419.8px;">0.0</div><div id="a174512" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:381.275px;top:419.8px;">0.0</div><div id="a174514_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:425.288px;top:419.8px;">0.0</div><div id="a174517_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:473.088px;top:419.8px;display:flex;">(0.1)</div><div id="a174520_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:521.355px;top:419.8px;">0.1</div><div id="a174523_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:561.115px;top:419.8px;display:flex;">(0.2)</div><div id="a174526_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:608.902px;top:419.8px;display:flex;">(0.0)</div><div id="a174529_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:669.942px;top:419.8px;">2.0</div></div> 2300000000 -300000000 -300000000 300000000 1800000000 500000000 0.0 700000000 300000000 0.0 1500000000 0.0 0.0 0.0 0.0 0.0 0.0 0.0 100000000 0.0 0.0 100000000 600000000 0.0 0.0 300000000 600000000 0.0 0.0 400000000 0.0 0.0 500000000 1400000000 -100000000 -100000000 0.0 1100000000 500000000 0.0 0.0 200000000 0.0 600000000 1100000000 600000000 300000000 0.0 0.0 400000000 700000000 100000000 0.0 0.0 1500000000 500000000 300000000 300000000 0.0 0.0 0.0 200000000 0.0 100000000 0.0 500000000 400000000 200000000 100000000 0.0 0.0 400000000 300000000 100000000 0.0 0.0 700000000 200000000 100000000 -100000000 0.0 0.0 0.0 200000000 0.0 -100000000 0.0 300000000 4200000000 100000000 100000000 700000000 1200000000 100000000 0.0 200000000 300000000 0.0 3700000000 900000000 0.0 0.0 400000000 400000000 100000000 0.0 100000000 300000000 0.0 700000000 1600000000 100000000 0.0 0.0 300000000 0.0 0.0 0.0 0.0 0.0 1300000000 700000000 0.0 0.0 100000000 100000000 0.0 0.0 100000000 0.0 0.0 800000000 2200000000 -800000000 -400000000 0.0 0.0 1100000000 900000000 300000000 200000000 -100000000 1700000000 300000000 -300000000 0.0 0.0 0.0 100000000 0.0 0.0 0.0 0.0 100000000 1500000000 -400000000 -300000000 0.0 0.0 800000000 700000000 100000000 200000000 0.0 1200000000 300000000 -100000000 0.0 0.0 0.0 100000000 100000000 100000000 0.0 0.0 300000000 11900000000 -1300000000 -900000000 0.0 0.0 4700000000 3100000000 700000000 3300000000 -300000000 9200000000 3200000000 -1000000000.0 -1000000000.0 0.0 0.0 0.0 100000000 100000000 200000000 0.0 2000000000.0 <div id="TextBlockContainer1490" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:688px;height:399px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1488_XBRL_TS_24734b0d47b44bffb0f646756ee36fbb" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1489" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:688px;height:399px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a174533" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:0px;">For the twelve months ended<div style="display:inline-block;width:4.05px"> </div>31 December 2021 </div><div id="a174562" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:18.5px;">Financial assets at fair value held<div style="display:inline-block;width:4.06px"> </div>for </div><div id="a174563" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:30.3px;">trading </div><div id="a174565_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.47px;top:30.3px;">2.3</div><div id="a174569_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:239.324px;top:30.3px;display:flex;">(0.0)</div><div id="a174572_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:287.11px;top:30.3px;display:flex;">(0.1)</div><div id="a174576_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:339.644px;top:30.3px;">0.3</div><div id="a174579_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:375.11px;top:30.3px;display:flex;">(1.6)</div><div id="a174582_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.844px;top:30.3px;">1.2</div><div id="a174585" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.377px;top:30.3px;">0.0</div><div id="a174587_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.91px;top:30.3px;">0.3</div><div id="a174590_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.67px;top:30.3px;display:flex;">(0.3)</div><div id="a174593_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.457px;top:30.3px;display:flex;">(0.0)</div><div id="a174596_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:30.3px;">2.3</div><div id="a174599" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:42.6px;">of which: Investment fund units </div><div id="a174602_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:42.6px;">0.0</div><div id="a174606_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:238.844px;top:42.6px;display:flex;">(0.0)</div><div id="a174609_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:286.644px;top:42.6px;display:flex;">(0.0)</div><div id="a174613_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:42.6px;">0.0</div><div id="a174616_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:374.63px;top:42.6px;display:flex;">(0.0)</div><div id="a174619" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:42.6px;">0.0</div><div id="a174621" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:476.377px;top:42.6px;">0.0</div><div id="a174623_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:42.6px;">0.0</div><div id="a174626_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:559.19px;top:42.6px;display:flex;">(0.0)</div><div id="a174629_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:606.99px;top:42.6px;display:flex;">(0.0)</div><div id="a174632_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.977px;top:42.6px;">0.0</div><div id="a174635" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:55.4px;">of which: Corporate and municipal </div><div id="a174636" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:67.2px;">bonds </div><div id="a174638_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:67.2px;">0.8</div><div id="a174642_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:244.044px;top:67.2px;">0.0</div><div id="a174645_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:286.644px;top:67.2px;display:flex;">(0.0)</div><div id="a174649_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:67.2px;">0.2</div><div id="a174652_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:374.63px;top:67.2px;display:flex;">(0.4)</div><div id="a174655" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:67.2px;">0.0</div><div id="a174657" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:476.377px;top:67.2px;">0.0</div><div id="a174659_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:67.2px;">0.0</div><div id="a174662_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:559.19px;top:67.2px;display:flex;">(0.1)</div><div id="a174665_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:606.99px;top:67.2px;display:flex;">(0.0)</div><div id="a174668_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.977px;top:67.2px;">0.6</div><div id="a174671" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:80.4px;">of which: Loans </div><div id="a174673_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:80.4px;">1.1</div><div id="a174677_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:244.044px;top:80.4px;">0.0</div><div id="a174680_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:286.644px;top:80.4px;display:flex;">(0.0)</div><div id="a174684_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:80.4px;">0.0</div><div id="a174687_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:374.63px;top:80.4px;display:flex;">(0.8)</div><div id="a174690_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:80.4px;">1.2</div><div id="a174693" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:476.377px;top:80.4px;">0.0</div><div id="a174695_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:80.4px;">0.0</div><div id="a174698_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:559.19px;top:80.4px;display:flex;">(0.2)</div><div id="a174701_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:612.19px;top:80.4px;">0.0</div><div id="a174704_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.977px;top:80.4px;">1.4</div><div id="a174721" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:98.4px;">Derivative financial instruments – </div><div id="a174724" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:109.8px;">assets </div><div id="a174726_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.47px;top:109.8px;">1.8</div><div id="a174730_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:239.324px;top:109.8px;display:flex;">(0.2)</div><div id="a174733_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:287.11px;top:109.8px;display:flex;">(0.1)</div><div id="a174737" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:340.11px;top:109.8px;">0.0</div><div id="a174739" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:109.8px;">0.0</div><div id="a174741_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.844px;top:109.8px;">0.5</div><div id="a174744_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:471.644px;top:109.8px;display:flex;">(0.7)</div><div id="a174747_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.91px;top:109.8px;">0.1</div><div id="a174750_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.67px;top:109.8px;display:flex;">(0.3)</div><div id="a174753_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.457px;top:109.8px;display:flex;">(0.0)</div><div id="a174756_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:109.8px;">1.1</div><div id="a174759" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:122.5px;">of which: Interest rate </div><div id="a174762_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:122.5px;">0.5</div><div id="a174766_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:244.044px;top:122.5px;">0.1</div><div id="a174769_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:291.844px;top:122.5px;">0.1</div><div id="a174773" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:122.5px;">0.0</div><div id="a174775" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:379.83px;top:122.5px;">0.0</div><div id="a174777_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:122.5px;">0.1</div><div id="a174780_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:471.164px;top:122.5px;display:flex;">(0.2)</div><div id="a174783_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:122.5px;">0.0</div><div id="a174786_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:559.19px;top:122.5px;display:flex;">(0.1)</div><div id="a174789_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:606.99px;top:122.5px;display:flex;">(0.0)</div><div id="a174792_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.977px;top:122.5px;">0.5</div><div id="a174795" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:135.3px;">of which: Equity / index </div><div id="a174797_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:135.3px;">0.9</div><div id="a174801_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:238.844px;top:135.3px;display:flex;">(0.1)</div><div id="a174804_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:286.644px;top:135.3px;display:flex;">(0.1)</div><div id="a174808" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:135.3px;">0.0</div><div id="a174810" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:379.83px;top:135.3px;">0.0</div><div id="a174812_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:135.3px;">0.3</div><div id="a174815_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:471.164px;top:135.3px;display:flex;">(0.4)</div><div id="a174818_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:135.3px;">0.0</div><div id="a174821_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:559.19px;top:135.3px;display:flex;">(0.2)</div><div id="a174824_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:606.99px;top:135.3px;display:flex;">(0.0)</div><div id="a174827_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.977px;top:135.3px;">0.4</div><div id="a174830" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:148.6px;">of which: Credit </div><div id="a174832_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:148.6px;">0.3</div><div id="a174836_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:238.844px;top:148.6px;display:flex;">(0.1)</div><div id="a174839_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:286.644px;top:148.6px;display:flex;">(0.1)</div><div id="a174843" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:148.6px;">0.0</div><div id="a174845" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:379.83px;top:148.6px;">0.0</div><div id="a174847_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:148.6px;">0.0</div><div id="a174850_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:471.164px;top:148.6px;display:flex;">(0.1)</div><div id="a174853_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:148.6px;">0.0</div><div id="a174856_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:559.19px;top:148.6px;display:flex;">(0.0)</div><div id="a174859_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:612.19px;top:148.6px;">0.0</div><div id="a174862_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.977px;top:148.6px;">0.2</div><div id="a174879" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:166.6px;">Financial assets at fair value not<div style="display:inline-block;width:3.76px"> </div>held </div><div id="a174880" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:177.9px;">for trading </div><div id="a174882_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.47px;top:177.9px;">3.9</div><div id="a174886_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:243.577px;top:177.9px;">0.1</div><div id="a174889_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:291.377px;top:177.9px;">0.1</div><div id="a174893_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:339.644px;top:177.9px;">1.0</div><div id="a174896_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:375.11px;top:177.9px;display:flex;">(0.6)</div><div id="a174899" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:424.324px;top:177.9px;">0.0</div><div id="a174901_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:475.897px;top:177.9px;">0.0</div><div id="a174904_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.91px;top:177.9px;">0.1</div><div id="a174907_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.67px;top:177.9px;display:flex;">(0.3)</div><div id="a174910_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.457px;top:177.9px;display:flex;">(0.0)</div><div id="a174913_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:177.9px;">4.2</div><div id="a174916" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:190.7px;">of which: Loans </div><div id="a174919_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:190.7px;">0.9</div><div id="a174923_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:238.844px;top:190.7px;display:flex;">(0.0)</div><div id="a174926_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:291.844px;top:190.7px;">0.0</div><div id="a174930_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:190.7px;">0.6</div><div id="a174933_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:374.63px;top:190.7px;display:flex;">(0.3)</div><div id="a174936" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:190.7px;">0.0</div><div id="a174938" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:476.377px;top:190.7px;">0.0</div><div id="a174940_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:190.7px;">0.0</div><div id="a174943_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:559.19px;top:190.7px;display:flex;">(0.3)</div><div id="a174946_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:606.99px;top:190.7px;display:flex;">(0.0)</div><div id="a174949_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.977px;top:190.7px;">0.9</div><div id="a174952" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:203.5px;">of which: Auction rate securities </div><div id="a174954_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:203.5px;">1.5</div><div id="a174958_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:244.044px;top:203.5px;">0.1</div><div id="a174961_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:291.844px;top:203.5px;">0.1</div><div id="a174965" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:203.5px;">0.0</div><div id="a174967" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:379.83px;top:203.5px;">0.0</div><div id="a174969" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:203.5px;">0.0</div><div id="a174971" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:476.377px;top:203.5px;">0.0</div><div id="a174973" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:203.5px;">0.0</div><div id="a174975" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:564.39px;top:203.5px;">0.0</div><div id="a174977" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:612.19px;top:203.5px;">0.0</div><div id="a174979_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.977px;top:203.5px;">1.6</div><div id="a174982" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:216.7px;">of which: Equity instruments </div><div id="a174984_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:216.7px;">0.5</div><div id="a174988_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:244.044px;top:216.7px;">0.1</div><div id="a174991_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:291.844px;top:216.7px;">0.1</div><div id="a174995_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:216.7px;">0.1</div><div id="a174998_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:374.63px;top:216.7px;display:flex;">(0.1)</div><div id="a175001" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:216.7px;">0.0</div><div id="a175003_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:476.377px;top:216.7px;">0.0</div><div id="a175006_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:216.7px;">0.0</div><div id="a175009_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:559.19px;top:216.7px;display:flex;">(0.0)</div><div id="a175012_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:606.99px;top:216.7px;display:flex;">(0.0)</div><div id="a175015_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.977px;top:216.7px;">0.7</div><div id="a175032" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:234.7px;">Derivative financial instruments – </div><div id="a175035" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:246px;">liabilities </div><div id="a175037_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.47px;top:246px;">3.5</div><div id="a175041_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:243.577px;top:246px;">0.2</div><div id="a175044_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:287.11px;top:246px;display:flex;">(0.0)</div><div id="a175048_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:339.644px;top:246px;">0.0</div><div id="a175051" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:246px;">0.0</div><div id="a175053_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.844px;top:246px;">0.9</div><div id="a175056_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:471.644px;top:246px;display:flex;">(1.8)</div><div id="a175059_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.91px;top:246px;">0.0</div><div id="a175062_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.67px;top:246px;display:flex;">(0.5)</div><div id="a175065_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.457px;top:246px;display:flex;">(0.0)</div><div id="a175068_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:246px;">2.2</div><div id="a175071" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:258.8px;">of which: Interest rate </div><div id="a175074_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:258.8px;">0.5</div><div id="a175078_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:238.844px;top:258.8px;display:flex;">(0.1)</div><div id="a175081_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:286.644px;top:258.8px;display:flex;">(0.1)</div><div id="a175085" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:258.8px;">0.0</div><div id="a175087" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:379.83px;top:258.8px;">0.0</div><div id="a175089_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:258.8px;">0.0</div><div id="a175092_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:471.164px;top:258.8px;display:flex;">(0.1)</div><div id="a175095" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:258.8px;">0.0</div><div id="a175097_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:559.19px;top:258.8px;display:flex;">(0.0)</div><div id="a175100_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:606.99px;top:258.8px;display:flex;">(0.0)</div><div id="a175103_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.977px;top:258.8px;">0.3</div><div id="a175106" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:271.6px;">of which: Equity / index </div><div id="a175108_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:271.6px;">2.3</div><div id="a175112_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:244.044px;top:271.6px;">0.3</div><div id="a175115_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:291.844px;top:271.6px;">0.1</div><div id="a175119" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:271.6px;">0.0</div><div id="a175121" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:379.83px;top:271.6px;">0.0</div><div id="a175123_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:271.6px;">0.8</div><div id="a175126_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:471.164px;top:271.6px;display:flex;">(1.5)</div><div id="a175129_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:271.6px;">0.0</div><div id="a175132_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:559.19px;top:271.6px;display:flex;">(0.4)</div><div id="a175135_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:606.99px;top:271.6px;display:flex;">(0.0)</div><div id="a175138_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.977px;top:271.6px;">1.5</div><div id="a175141" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.004px;top:284.8px;">of which: Credit </div><div id="a175143_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.937px;top:284.8px;">0.5</div><div id="a175147_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:238.844px;top:284.8px;display:flex;">(0.1)</div><div id="a175150_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:286.644px;top:284.8px;display:flex;">(0.1)</div><div id="a175154_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:340.11px;top:284.8px;">0.0</div><div id="a175157" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:379.83px;top:284.8px;">0.0</div><div id="a175159_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:424.324px;top:284.8px;">0.0</div><div id="a175162_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:471.164px;top:284.8px;display:flex;">(0.0)</div><div id="a175165" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:520.377px;top:284.8px;">0.0</div><div id="a175167_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:559.19px;top:284.8px;display:flex;">(0.1)</div><div id="a175170_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:606.99px;top:284.8px;display:flex;">(0.0)</div><div id="a175173_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.977px;top:284.8px;">0.3</div><div id="a175190" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:304.7px;">Debt issued designated at fair value </div><div id="a175192_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.47px;top:307.1px;">9.6</div><div id="a175196_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:243.577px;top:307.1px;">0.7</div><div id="a175199_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:291.377px;top:307.1px;">0.6</div><div id="a175203" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:340.11px;top:307.1px;">0.0</div><div id="a175205" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:307.1px;">0.0</div><div id="a175207_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.844px;top:307.1px;">7.1</div><div id="a175210_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:471.644px;top:307.1px;display:flex;">(4.2)</div><div id="a175213_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.91px;top:307.1px;">0.1</div><div id="a175216_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.67px;top:307.1px;display:flex;">(1.2)</div><div id="a175219_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.457px;top:307.1px;display:flex;">(0.2)</div><div id="a175222_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:307.1px;">11.9</div><div id="a175239" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:324.6px;">Other financial liabilities designated at </div><div id="a175240" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:335.9px;">fair value </div><div id="a175242_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.47px;top:335.9px;">2.1</div><div id="a175246_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:243.577px;top:335.9px;">0.0</div><div id="a175249_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:291.377px;top:335.9px;">0.0</div><div id="a175253" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:340.11px;top:335.9px;">0.0</div><div id="a175255" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.83px;top:335.9px;">0.0</div><div id="a175257_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:423.844px;top:335.9px;">1.3</div><div id="a175260_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:471.644px;top:335.9px;display:flex;">(0.2)</div><div id="a175263_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.91px;top:335.9px;">0.0</div><div id="a175266_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.67px;top:335.9px;display:flex;">(0.0)</div><div id="a175269_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.457px;top:335.9px;display:flex;">(0.0)</div><div id="a175272_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.497px;top:335.9px;">3.2</div><div id="a175275" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:350px;">1 Net gains / losses included in comprehensive<div style="display:inline-block;width:3.48px"> </div>income are recognized in Net interest<div style="display:inline-block;width:3.79px"> </div>income and Other net income<div style="display:inline-block;width:3.45px"> </div>from financial instruments<div style="display:inline-block;width:3.41px"> </div>measured at fair value through<div style="display:inline-block;width:3.64px"> </div>profit or loss in the Income statement, and </div><div id="a175280" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:359.9px;">also in<div style="display:inline-block;width:3.46px"> </div>Gains /<div style="display:inline-block;width:4.26px"> </div>(losses) from<div style="display:inline-block;width:4.4px"> </div>own credit<div style="display:inline-block;width:4.25px"> </div>on financial<div style="display:inline-block;width:4.36px"> </div>liabilities<div style="display:inline-block;width:3.61px"> </div>designated at<div style="display:inline-block;width:3.8px"> </div>fair value,<div style="display:inline-block;width:4.89px"> </div>before tax<div style="display:inline-block;width:4.26px"> </div>in the<div style="display:inline-block;width:3.63px"> </div>Statement<div style="display:inline-block;width:3.94px"> </div>of comprehensive<div style="display:inline-block;width:4.39px"> </div>income.<div style="display:inline-block;width:11.97px"> </div>2 Total<div style="display:inline-block;width:4.74px"> </div>Level 3<div style="display:inline-block;width:3.53px"> </div>assets as<div style="display:inline-block;width:3.63px"> </div>of 31 December<div style="display:inline-block;width:4.63px"> </div>2022<div style="display:inline-block;width:3.52px"> </div>were USD </div><div id="a175280_203_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:662.763px;top:359.9px;">6.7</div><div id="a175280_206_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:673.166px;top:359.9px;">bn </div><div id="a175286" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:369.9px;">(31 December 2021:<div style="display:inline-block;width:3.87px"> </div>USD </div><div id="a175286_23_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:86.413px;top:369.9px;">7.6</div><div id="a175286_26_63" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:96.817px;top:369.9px;">bn). Total Level<div style="display:inline-block;width:3.72px"> </div>3 liabilities<div style="display:inline-block;width:3.63px"> </div>as of 31 December<div style="display:inline-block;width:3.85px"> </div>2022 were<div style="display:inline-block;width:3.84px"> </div>USD </div><div id="a175286_89_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:299.404px;top:369.9px;">13.0</div><div id="a175286_93_26" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:314.064px;top:369.9px;">bn (31 December 2021:<div style="display:inline-block;width:3.92px"> </div>USD </div><div id="a175286_119_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:407.266px;top:369.9px;">17.4</div><div id="a175286_123_21" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:422.399px;top:369.9px;">bn).<div style="display:inline-block;width:9.15px"> </div>3 Of the<div style="display:inline-block;width:3.95px"> </div>USD </div><div id="a175286_144_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:489.079px;top:369.9px;">1.0</div><div id="a175286_147_59" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:499.483px;top:369.9px;">bn in net gains<div style="display:inline-block;width:3.64px"> </div>/ losses that<div style="display:inline-block;width:3.63px"> </div>is included in<div style="display:inline-block;width:3.94px"> </div>comprehensive </div><div id="a175296" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:380.3px;">income, USD </div><div id="a175296_12_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:45.742px;top:380.3px;">0.6</div><div id="a175296_15_49" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:56.146px;top:380.3px;">bn is recognized<div style="display:inline-block;width:3.78px"> </div>in the Income<div style="display:inline-block;width:4.25px"> </div>statement and<div style="display:inline-block;width:3.63px"> </div>USD </div><div id="a175296_64_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:220.243px;top:380.3px;">0.4</div><div id="a175296_67_145" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:230.647px;top:380.3px;">bn is recognized<div style="display:inline-block;width:3.78px"> </div>in the Statement<div style="display:inline-block;width:4.11px"> </div>of comprehensive<div style="display:inline-block;width:3.44px"> </div>income in<div style="display:inline-block;width:3.39px"> </div>Gains / (losses)<div style="display:inline-block;width:4.13px"> </div>from own credit<div style="display:inline-block;width:4.4px"> </div>on financial liabilities<div style="display:inline-block;width:4.41px"> </div>designated at fair<div style="display:inline-block;width:3.49px"> </div>value, </div><div id="a175299" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:390.2px;">before tax.</div></div></div></div> 2300000000 0.0 -100000000 300000000 1600000000 1200000000 0.0 300000000 300000000 0.0 2300000000 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 800000000 0.0 0.0 200000000 400000000 0.0 0.0 0.0 100000000 0.0 600000000 1100000000 0.0 0.0 0.0 800000000 1200000000 0.0 0.0 200000000 0.0 1400000000 1800000000 -200000000 -100000000 0.0 0.0 500000000 700000000 100000000 300000000 0.0 1100000000 500000000 100000000 100000000 0.0 0.0 100000000 200000000 0.0 100000000 0.0 500000000 900000000 -100000000 -100000000 0.0 0.0 300000000 400000000 0.0 200000000 0.0 400000000 300000000 -100000000 -100000000 0.0 0.0 0.0 100000000 0.0 0.0 0.0 200000000 3900000000 100000000 100000000 1000000000.0 600000000 0.0 0.0 100000000 300000000 0.0 4200000000 900000000 0.0 0.0 600000000 300000000 0.0 0.0 0.0 300000000 0.0 900000000 1500000000 100000000 100000000 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1600000000 500000000 100000000 100000000 100000000 100000000 0.0 0.0 0.0 0.0 0.0 700000000 3500000000 200000000 0.0 0.0 0.0 900000000 1800000000 0.0 500000000 0.0 2200000000 500000000 -100000000 -100000000 0.0 0.0 0.0 100000000 0.0 0.0 0.0 300000000 2300000000 300000000 100000000 0.0 0.0 800000000 1500000000 0.0 400000000 0.0 1500000000 500000000 -100000000 -100000000 0.0 0.0 0.0 0.0 0.0 100000000 0.0 300000000 9600000000 700000000 600000000 0.0 0.0 7100000000 4200000000 100000000 1200000000 -200000000 11900000000 2100000000 0.0 0.0 0.0 0.0 1300000000 200000000 0.0 0.0 0.0 3200000000 6700000000 7600000000 13000000000.0 17400000000 1000000000.0 600000000 400000000 <div id="TextBlockContainer1495" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:478px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a175374" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Maximum exposure to credit<div style="display:inline-block;width:4.28px"> </div>risk<div style="display:inline-block;width:2.93px"> </div></div><div id="a175383" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:427.662px;top:16.2px;">31.12.22 </div><div id="a175387" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:224.182px;top:57.4px;">Maximum </div><div id="a175389" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:217.555px;top:69.2px;">exposure to </div><div id="a175391" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:224.648px;top:81.1px;">credit risk </div><div id="a175393" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:349.595px;top:31.9px;">Collateral </div><div id="a175396" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:509.062px;top:31.9px;">Credit enhancements </div><div id="a175398" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:635.382px;top:34.2px;">Exposure to </div><div id="a175399" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:642.955px;top:46px;">credit risk </div><div id="a175400" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:625.928px;top:57.4px;">after collateral </div><div id="a175401" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:642.008px;top:69.2px;">and credit </div><div id="a175402" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:625.928px;top:81.1px;">enhancements </div><div id="a175404" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:81.1px;">USD bn </div><div id="a175407" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:296.595px;top:57.4px;">Cash </div><div id="a175409" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:281.435px;top:69.2px;">collateral </div><div id="a175411" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:284.768px;top:81.1px;">received </div><div id="a175413" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:321.662px;top:46px;">Collateralized </div><div id="a175414" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:322.128px;top:57.4px;">by equity and </div><div id="a175415" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:354.795px;top:69.2px;">debt </div><div id="a175416" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:328.755px;top:81.1px;">instruments </div><div id="a175418" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:381.755px;top:69.2px;">Secured by </div><div id="a175420" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.168px;top:81.1px;">real estate </div><div id="a175422" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:447.555px;top:69.2px;">Other<div style="display:inline-block;width:2.45px"> </div></div><div id="a175424" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:435.222px;top:81.1px;">collateral </div><div id="a175427" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:81.1px;">Netting </div><div id="a175429" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:545.942px;top:57.4px;">Credit </div><div id="a175431" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:532.702px;top:69.2px;">derivative </div><div id="a175433" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:534.595px;top:81.1px;">contracts </div><div id="a175435" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:578.128px;top:81.1px;">Guarantees<div style="display:inline-block;width:2.82px"> </div></div><div id="a175437" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:93.4px;">Financial assets measured at<div style="display:inline-block;width:3.38px"> </div></div><div id="a175439" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:105.2px;">fair value on the balance<div style="display:inline-block;width:3.78px"> </div>sheet</div><div id="a175440" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:115.822px;top:105.8px;">1</div><div id="a175453" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:117.9px;">Financial assets at fair value<div style="display:inline-block;width:3.53px"> </div></div><div id="a175455" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:129.8px;">held for trading – debt instruments</div><div id="a175459" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:130.982px;top:130.4px;">2,3</div><div id="a175462_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:243.128px;top:129.8px;">16.7</div><div id="a175470" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:514.728px;top:129.8px;"><div style="display:inline-block;width:2.37px"> </div></div><div id="a175474_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:661.435px;top:129.8px;">16.7</div><div id="a175477" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:143.5px;">Derivative financial instruments</div><div id="a175479" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:117.235px;top:144.1px;">4</div><div id="a175482_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:238.395px;top:143.5px;">150.1</div><div id="a175486_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:359.048px;top:143.5px;">5.9</div><div id="a175492_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:492.955px;top:143.5px;">133.5</div><div id="a175497_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:661.435px;top:143.5px;">10.7</div><div id="a175500" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:157.7px;">Brokerage receivables </div><div id="a175504_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:243.128px;top:157.7px;">17.6</div><div id="a175508_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:354.328px;top:157.7px;">17.3</div><div id="a175517_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:666.155px;top:157.7px;">0.3</div><div id="a175520" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:171.4px;">Financial assets at fair value not<div style="display:inline-block;width:3.4px"> </div></div><div id="a175522" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:183.2px;">held for trading – debt instruments</div><div id="a175526" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:130.982px;top:183.9px;">5</div><div id="a175529_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:243.128px;top:183.2px;">44.8</div><div id="a175533_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:354.328px;top:183.2px;">11.4</div><div id="a175542_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:661.435px;top:183.2px;">33.4</div><div id="a175545" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:196px;">Total financial assets<div style="display:inline-block;width:3.87px"> </div>measured at fair value </div><div id="a175549_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:238.395px;top:197px;">229.2</div><div id="a175552_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:302.275px;top:197px;">0.0</div><div id="a175555_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:354.328px;top:197px;">34.6</div><div id="a175558_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:408.742px;top:197px;">0.0</div><div id="a175561_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.062px;top:197px;">0.0</div><div id="a175565_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:492.955px;top:197px;">133.5</div><div id="a175568_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:555.435px;top:197px;">0.0</div><div id="a175571_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:607.488px;top:197px;">0.0</div><div id="a175574_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:661.435px;top:197px;">61.2</div><div id="a175577" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:210.7px;">Guarantees</div><div id="a175579" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:44.854px;top:211.3px;">6</div><div id="a175582_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:247.862px;top:211.1px;">0.2</div><div id="a175592_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:607.488px;top:211.1px;">0.2</div><div id="a175595_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:666.155px;top:211.1px;">0.0</div><div id="a175612" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:427.662px;top:230.6px;">31.12.21 </div><div id="a175616" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:224.182px;top:272.2px;">Maximum </div><div id="a175618" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:217.555px;top:284px;">exposure to </div><div id="a175620" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:225.128px;top:295.3px;">credit risk </div><div id="a175622" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:349.595px;top:246.2px;">Collateral </div><div id="a175625" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.062px;top:246.2px;">Credit enhancements </div><div id="a175627" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.862px;top:248.5px;">Exposure to </div><div id="a175628" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:643.422px;top:260.4px;">credit risk </div><div id="a175629" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:626.408px;top:272.2px;">after collateral </div><div id="a175630" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:642.008px;top:284px;">and credit </div><div id="a175631" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:625.928px;top:295.3px;">enhancements </div><div id="a175633" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:295.3px;">USD bn </div><div id="a175636" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:296.595px;top:272.2px;">Cash </div><div id="a175638" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:281.435px;top:284px;">collateral </div><div id="a175640" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:284.768px;top:295.3px;">received </div><div id="a175642" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:322.128px;top:260.4px;">Collateralized </div><div id="a175643" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:322.128px;top:272.2px;">by equity and </div><div id="a175644" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:354.795px;top:284px;">debt </div><div id="a175645" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:328.755px;top:295.3px;">instruments </div><div id="a175647" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:381.755px;top:284px;">Secured by </div><div id="a175649" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:383.168px;top:295.3px;">real estate </div><div id="a175651" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:447.555px;top:284px;">Other<div style="display:inline-block;width:2.45px"> </div></div><div id="a175653" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:435.222px;top:295.3px;">collateral </div><div id="a175656" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:487.742px;top:295.3px;">Netting </div><div id="a175658" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:545.942px;top:272.2px;">Credit </div><div id="a175660" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.702px;top:284px;">derivative </div><div id="a175662" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:534.595px;top:295.3px;">contracts </div><div id="a175664" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.608px;top:295.3px;">Guarantees<div style="display:inline-block;width:2.82px"> </div></div><div id="a175666" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:307.7px;">Financial assets measured at<div style="display:inline-block;width:3.38px"> </div></div><div id="a175668" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:319.5px;">fair value on the balance<div style="display:inline-block;width:3.78px"> </div>sheet</div><div id="a175669" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:115.822px;top:320.1px;">1</div><div id="a175682" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:332.7px;">Financial assets at fair value<div style="display:inline-block;width:3.53px"> </div></div><div id="a175684" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:344.1px;">held for trading – debt instruments</div><div id="a175689" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:130.982px;top:344.7px;">2,3</div><div id="a175692_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:243.128px;top:344.1px;">22.6</div><div id="a175700" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:514.728px;top:344.1px;"><div style="display:inline-block;width:2.37px"> </div></div><div id="a175704_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.435px;top:344.1px;">22.6</div><div id="a175707" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:357.8px;">Derivative financial instruments</div><div id="a175709" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:117.235px;top:358.5px;">4</div><div id="a175712_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:238.395px;top:357.8px;">118.1</div><div id="a175716_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:359.528px;top:357.8px;">4.2</div><div id="a175722_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:492.955px;top:357.8px;">103.2</div><div id="a175727_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.435px;top:357.8px;">10.7</div><div id="a175730" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:372.5px;">Brokerage receivables </div><div id="a175734_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:243.128px;top:372.5px;">21.8</div><div id="a175737_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:302.742px;top:372.5px;">0.0</div><div id="a175740_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:354.328px;top:372.5px;">21.6</div><div id="a175749_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:666.635px;top:372.5px;">0.2</div><div id="a175752" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:386.2px;">Financial assets at fair value not<div style="display:inline-block;width:3.4px"> </div></div><div id="a175754" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:397.6px;">held for trading – debt instruments</div><div id="a175758" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:130.982px;top:398.2px;">5</div><div id="a175761_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:243.128px;top:397.6px;">37.0</div><div id="a175764_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:302.742px;top:397.6px;">0.0</div><div id="a175767_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:354.328px;top:397.6px;">11.2</div><div id="a175776_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.435px;top:397.6px;">25.7</div><div id="a175779" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:410.8px;">Total financial assets<div style="display:inline-block;width:3.9px"> </div>measured at fair value </div><div id="a175783_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:238.395px;top:410.8px;">199.5</div><div id="a175786_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:302.275px;top:410.8px;">0.0</div><div id="a175789_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:354.328px;top:410.8px;">37.1</div><div id="a175792_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.742px;top:410.8px;">0.0</div><div id="a175795_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.062px;top:410.8px;">0.0</div><div id="a175799_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:492.955px;top:410.8px;">103.2</div><div id="a175802_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:555.435px;top:410.8px;">0.0</div><div id="a175805_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.488px;top:410.8px;">0.0</div><div id="a175808_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.435px;top:410.8px;">59.2</div><div id="a175811" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:425px;">Guarantees</div><div id="a175812" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:44.854px;top:425.6px;">6</div><div id="a175815_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:248.328px;top:425px;">0.2</div><div id="a175821_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.528px;top:425px;">0.0</div><div id="a175827_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.955px;top:425px;">0.2</div><div id="a175830_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:666.635px;top:425px;">0.0</div><div id="a175833" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:439.5px;">1 The maximum exposure<div style="display:inline-block;width:3.66px"> </div>to loss is generally<div style="display:inline-block;width:3.45px"> </div>equal to the carrying amount<div style="display:inline-block;width:3.48px"> </div>and subject to change<div style="display:inline-block;width:3.65px"> </div>over time with market<div style="display:inline-block;width:4.08px"> </div>movements.<div style="display:inline-block;width:9.34px"> </div>2 These positions<div style="display:inline-block;width:3.94px"> </div>are generally managed under the<div style="display:inline-block;width:4.13px"> </div>market risk framework.<div style="display:inline-block;width:3.94px"> </div>For </div><div id="a175837" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:449.5px;">the purpose of this<div style="display:inline-block;width:3.47px"> </div>disclosure, collateral<div style="display:inline-block;width:3.93px"> </div>and credit enhancements<div style="display:inline-block;width:4.21px"> </div>were not considered.<div style="display:inline-block;width:10.41px"> </div>3 Does not include<div style="display:inline-block;width:3.73px"> </div>investment fund<div style="display:inline-block;width:3.62px"> </div>units.<div style="display:inline-block;width:9.3px"> </div>4 The<div style="display:inline-block;width:3.39px"> </div>amount shown in the<div style="display:inline-block;width:3.62px"> </div>“Netting” column<div style="display:inline-block;width:3.79px"> </div>represents the<div style="display:inline-block;width:3.47px"> </div>netting potential </div><div id="a175844" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:459.9px;">not recognized on the balance<div style="display:inline-block;width:3.8px"> </div>sheet. Refer to Note<div style="display:inline-block;width:3.73px"> </div>21 for more information.<div style="display:inline-block;width:10.09px"> </div>5 Financial assets<div style="display:inline-block;width:3.59px"> </div>at fair value not<div style="display:inline-block;width:3.63px"> </div>held for trading collateralized<div style="display:inline-block;width:4.25px"> </div>by securities consisted<div style="display:inline-block;width:3.94px"> </div>of structured loans and reverse<div style="display:inline-block;width:3.95px"> </div>repurchase and </div><div id="a175851" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:469.8px;">securities borrowing agreements.<div style="display:inline-block;width:9.92px"> </div>6 The amount<div style="display:inline-block;width:3.56px"> </div>shown in the “Guarantees”<div style="display:inline-block;width:3.82px"> </div>column largely relates to<div style="display:inline-block;width:3.62px"> </div>sub-participations.</div></div> 16700000000 16700000000 150100000000 5900000000 133500000000 10700000000 17600000000 17300000000 300000000 44800000000 11400000000 33400000000 229200000000 0.0 34600000000 0.0 0.0 133500000000 0.0 0.0 61200000000 200000000 200000000 0.0 22600000000 22600000000 118100000000 4200000000 103200000000 10700000000 21800000000 0.0 21600000000 200000000 37000000000.0 0.0 11200000000 25700000000 199500000000 0.0 37100000000 0.0 0.0 103200000000 0.0 0.0 59200000000 200000000 0.0 200000000 0.0 <div id="TextBlockContainer1502" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:434px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1500_XBRL_TS_0c85ba4f349d4da697c49fb635fbd8c8" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1501" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:434px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a175919" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Financial instruments not measured<div style="display:inline-block;width:4.74px"> </div>at fair value </div><div id="a175935" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:288.088px;top:15.8px;">31.12.22 </div><div id="a175938" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.048px;top:15.8px;">31.12.21 </div><div id="a175942" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:188.715px;top:30px;">Carrying </div><div id="a175943" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:191.555px;top:41.3px;">amount </div><div id="a175946" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:312.208px;top:41.3px;">Fair value </div><div id="a175949" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:446.608px;top:30px;">Carrying </div><div id="a175950" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.968px;top:41.3px;">amount </div><div id="a175953" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:567.262px;top:41.3px;">Fair value </div><div id="a175955" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:89.1px;">USD bn </div><div id="a175958" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:201.475px;top:89.1px;">Total </div><div id="a175961" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:249.755px;top:53.6px;">Carrying </div><div id="a175962" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:252.115px;top:65.5px;">amount </div><div id="a175963" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:231.275px;top:77.3px;">approximates </div><div id="a175964" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:244.075px;top:89.1px;">fair value</div><div id="a175965" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:277.648px;top:89.7px;">1</div><div id="a175967" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:291.875px;top:89.1px;">Level 1 </div><div id="a175969" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:328.755px;top:89.1px;">Level 2 </div><div id="a175971" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:365.675px;top:89.1px;">Level 3 </div><div id="a175973" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:410.635px;top:89.1px;">Total </div><div id="a175976" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:458.902px;top:89.1px;">Total </div><div id="a175979" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:507.168px;top:53.6px;">Carrying </div><div id="a175981" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.528px;top:65.5px;">amount </div><div id="a175982" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:488.688px;top:77.3px;">approximates </div><div id="a175983" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.022px;top:89.1px;">fair value</div><div id="a175984" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:534.128px;top:89.7px;">1</div><div id="a175986" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:547.875px;top:89.1px;">Level 1 </div><div id="a175988" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.808px;top:89.1px;">Level 2 </div><div id="a175990" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:620.248px;top:89.1px;">Level 3 </div><div id="a175992" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:89.1px;">Total </div><div id="a175994" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:102.8px;">Assets </div><div id="a176012" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:119.4px;">Cash and balances at central banks </div><div id="a176016_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:197.702px;top:119.4px;">169.4</div><div id="a176020_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:258.728px;top:119.4px;">169.4</div><div id="a176023_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:119.4px;">0.1</div><div id="a176026_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:119.4px;">0.0</div><div id="a176029_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:119.4px;">0.0</div><div id="a176032_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:406.848px;top:119.4px;">169.4</div><div id="a176036_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.115px;top:119.4px;">192.8</div><div id="a176040_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:515.675px;top:119.4px;">192.7</div><div id="a176043_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:119.4px;">0.1</div><div id="a176046_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:119.4px;">0.0</div><div id="a176049_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:119.4px;">0.0</div><div id="a176052_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.008px;top:119.4px;">192.8</div><div id="a176055" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:135.5px;">Loans and advances to banks </div><div id="a176058_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:202.422px;top:135.5px;">14.7</div><div id="a176062_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.462px;top:135.5px;">13.9</div><div id="a176065_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:135.5px;">0.0</div><div id="a176068_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:135.5px;">0.7</div><div id="a176071_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:135.5px;">0.0</div><div id="a176074_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:135.5px;">14.6</div><div id="a176078_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.848px;top:135.5px;">15.4</div><div id="a176082_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.408px;top:135.5px;">14.6</div><div id="a176085_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:135.5px;">0.0</div><div id="a176088_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:135.5px;">0.7</div><div id="a176091_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:135.5px;">0.0</div><div id="a176094_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.742px;top:135.5px;">15.3</div><div id="a176097" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:150.1px;">Receivables from securities financing </div><div id="a176098" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:162px;">transactions measured at amortized cost </div><div id="a176101_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:202.422px;top:162px;">67.8</div><div id="a176105_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.462px;top:162px;">64.3</div><div id="a176108_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:162px;">0.0</div><div id="a176111_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:162px;">1.8</div><div id="a176114_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:162px;">1.7</div><div id="a176117_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:162px;">67.8</div><div id="a176121_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.848px;top:162px;">75.0</div><div id="a176125_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.408px;top:162px;">71.6</div><div id="a176128_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:162px;">0.0</div><div id="a176131_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:162px;">1.3</div><div id="a176134_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:162px;">2.1</div><div id="a176137_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.742px;top:162px;">75.0</div><div id="a176140" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:175.2px;">Cash collateral receivables on derivative </div><div id="a176141" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:186.5px;">instruments </div><div id="a176144_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:202.422px;top:186.5px;">35.0</div><div id="a176148_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.462px;top:186.5px;">35.0</div><div id="a176151_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:186.5px;">0.0</div><div id="a176154_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:186.5px;">0.0</div><div id="a176157_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:186.5px;">0.0</div><div id="a176160_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:186.5px;">35.0</div><div id="a176164_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.848px;top:186.5px;">30.5</div><div id="a176168_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.408px;top:186.5px;">30.5</div><div id="a176171_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:186.5px;">0.0</div><div id="a176174_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:186.5px;">0.0</div><div id="a176177_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:186.5px;">0.0</div><div id="a176180_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.742px;top:186.5px;">30.5</div><div id="a176183" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:201.2px;">Loans and advances to customers </div><div id="a176186_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:197.702px;top:201.2px;">390.0</div><div id="a176190_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:258.728px;top:201.2px;">136.9</div><div id="a176193_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:201.2px;">0.0</div><div id="a176196_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.302px;top:201.2px;">45.9</div><div id="a176199_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:369.462px;top:201.2px;">195.0</div><div id="a176202_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:406.848px;top:201.2px;">377.7</div><div id="a176206_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.115px;top:201.2px;">398.7</div><div id="a176210_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:515.675px;top:201.2px;">163.7</div><div id="a176213_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:201.2px;">0.0</div><div id="a176216_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.328px;top:201.2px;">43.8</div><div id="a176219_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:624.035px;top:201.2px;">190.4</div><div id="a176222_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.008px;top:201.2px;">397.9</div><div id="a176225" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:215.9px;">Other financial assets measured at amortized </div><div id="a176226" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:227.7px;">cost</div><div id="a176227" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:18.339px;top:228.4px;">2</div><div id="a176230_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:202.422px;top:227.7px;">53.4</div><div id="a176234_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.462px;top:227.7px;">13.0</div><div id="a176237_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:300.382px;top:227.7px;">10.3</div><div id="a176240_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.302px;top:227.7px;">25.1</div><div id="a176243_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:227.7px;">2.5</div><div id="a176246_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:227.7px;">51.0</div><div id="a176250_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.848px;top:227.7px;">26.2</div><div id="a176254_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.608px;top:227.7px;">4.1</div><div id="a176257_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:227.7px;">9.3</div><div id="a176260_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.328px;top:227.7px;">10.7</div><div id="a176263_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:227.7px;">2.4</div><div id="a176266_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.742px;top:227.7px;">26.5</div><div id="a176269" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:242.4px;">Liabilities </div><div id="a176287" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:258.9px;">Amounts due to banks </div><div id="a176290_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:202.422px;top:258.9px;">11.6</div><div id="a176294_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:268.195px;top:258.9px;">8.9</div><div id="a176297_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:258.9px;">0.0</div><div id="a176300_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:258.9px;">2.7</div><div id="a176303_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:258.9px;">0.0</div><div id="a176306_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:258.9px;">11.6</div><div id="a176310_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.848px;top:258.9px;">13.1</div><div id="a176314_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.608px;top:258.9px;">9.1</div><div id="a176317_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:258.9px;">0.0</div><div id="a176320_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:258.9px;">4.0</div><div id="a176323_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:258.9px;">0.0</div><div id="a176326_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.742px;top:258.9px;">13.1</div><div id="a176329" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:273.6px;">Payables from securities financing </div><div id="a176330" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:285px;">transactions measured at amortized cost </div><div id="a176333_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:207.155px;top:285px;">4.2</div><div id="a176337_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:268.195px;top:285px;">3.5</div><div id="a176340_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:285px;">0.0</div><div id="a176343_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:285px;">0.7</div><div id="a176346_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:285px;">0.0</div><div id="a176349_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:416.302px;top:285px;">4.2</div><div id="a176353_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.048px;top:285px;">5.5</div><div id="a176357_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.608px;top:285px;">4.1</div><div id="a176360_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:285px;">0.0</div><div id="a176363_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:285px;">1.5</div><div id="a176366_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:285px;">0.0</div><div id="a176369_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.942px;top:285px;">5.5</div><div id="a176372" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:298.2px;">Cash collateral payables on derivative </div><div id="a176373" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:310px;">instruments </div><div id="a176376_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:202.422px;top:310px;">36.4</div><div id="a176380_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.462px;top:310px;">36.4</div><div id="a176383_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:310px;">0.0</div><div id="a176386_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:310px;">0.0</div><div id="a176389_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:310px;">0.0</div><div id="a176392_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:310px;">36.4</div><div id="a176396_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.848px;top:310px;">31.8</div><div id="a176400_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.408px;top:310px;">31.8</div><div id="a176403_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:310px;">0.0</div><div id="a176406_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:310px;">0.0</div><div id="a176409_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:310px;">0.0</div><div id="a176412_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.742px;top:310px;">31.8</div><div id="a176415" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:324.7px;">Customer deposits </div><div id="a176418_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:197.702px;top:324.7px;">527.2</div><div id="a176422_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:258.728px;top:324.7px;">493.0</div><div id="a176425_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:324.7px;">0.0</div><div id="a176428_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.302px;top:324.7px;">33.9</div><div id="a176431_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:324.7px;">0.0</div><div id="a176434_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:406.848px;top:324.7px;">526.9</div><div id="a176438_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.115px;top:324.7px;">544.8</div><div id="a176442_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:515.675px;top:324.7px;">537.6</div><div id="a176445_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:324.7px;">0.0</div><div id="a176448_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:324.7px;">7.3</div><div id="a176451_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:324.7px;">0.0</div><div id="a176454_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.008px;top:324.7px;">544.8</div><div id="a176457" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:339.4px;">Funding from UBS Group AG measured at </div><div id="a176458" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:350.7px;">amortized cost </div><div id="a176461_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:202.422px;top:350.7px;">56.1</div><div id="a176465_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:268.195px;top:350.7px;">2.0</div><div id="a176468_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:350.7px;">0.0</div><div id="a176471_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.302px;top:350.7px;">53.7</div><div id="a176474_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:350.7px;">0.0</div><div id="a176477_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:350.7px;">55.7</div><div id="a176481_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.848px;top:350.7px;">57.3</div><div id="a176485_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.608px;top:350.7px;">2.8</div><div id="a176488_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:350.7px;">0.0</div><div id="a176491_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.328px;top:350.7px;">56.0</div><div id="a176494_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:350.7px;">0.0</div><div id="a176497_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.742px;top:350.7px;">58.8</div><div id="a176500" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:365.4px;">Debt issued measured at amortized cost </div><div id="a176503_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:202.422px;top:365.4px;">59.5</div><div id="a176507_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:263.462px;top:365.4px;">13.4</div><div id="a176510_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:365.4px;">0.0</div><div id="a176513_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.302px;top:365.4px;">45.5</div><div id="a176516_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:365.4px;">0.0</div><div id="a176519_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:365.4px;">58.9</div><div id="a176523_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.848px;top:365.4px;">82.4</div><div id="a176527_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.408px;top:365.4px;">13.0</div><div id="a176530_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:365.4px;">0.0</div><div id="a176533_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.328px;top:365.4px;">69.8</div><div id="a176536_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:365.4px;">0.0</div><div id="a176539_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.742px;top:365.4px;">82.8</div><div id="a176542" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:380.5px;">Other financial liabilities measured at </div><div id="a176543" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:391.9px;">amortized cost</div><div id="a176544" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:56.676px;top:392.5px;">3</div><div id="a176547_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:207.155px;top:391.9px;">7.2</div><div id="a176551_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:268.195px;top:391.9px;">7.2</div><div id="a176554_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:305.115px;top:391.9px;">0.0</div><div id="a176557_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:391.9px;">0.0</div><div id="a176560_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.915px;top:391.9px;">0.0</div><div id="a176563_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:416.302px;top:391.9px;">7.2</div><div id="a176567_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:465.048px;top:391.9px;">6.3</div><div id="a176571_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:525.608px;top:391.9px;">6.3</div><div id="a176574_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:391.9px;">0.0</div><div id="a176577_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.528px;top:391.9px;">0.0</div><div id="a176580_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:633.968px;top:391.9px;">0.0</div><div id="a176583_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.942px;top:391.9px;">6.3</div><div id="a176586" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:405.5px;">1 Includes certain financial instruments<div style="display:inline-block;width:4.29px"> </div>where the carrying amount<div style="display:inline-block;width:3.64px"> </div>is a reasonable approximation<div style="display:inline-block;width:4.48px"> </div>of the fair value<div style="display:inline-block;width:3.47px"> </div>due to the instruments’<div style="display:inline-block;width:3.88px"> </div>short-term nature (instruments<div style="display:inline-block;width:3.65px"> </div>that are receivable<div style="display:inline-block;width:3.48px"> </div>or payable on demand,<div style="display:inline-block;width:3.95px"> </div>or </div><div id="a176591" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:415.9px;">with a remaining maturity (excluding the effects<div style="display:inline-block;width:3.69px"> </div>of callable features) of three months or less).<div style="display:inline-block;width:8.53px"> </div>2 Effective 1 April 2022, a portfolio of assets<div style="display:inline-block;width:3.77px"> </div>previously classified as Financial assets measured at<div style="display:inline-block;width:3.64px"> </div>fair value through other </div><div id="a176595" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:425.8px;">comprehensive income was<div style="display:inline-block;width:3.44px"> </div>reclassified to Other financial<div style="display:inline-block;width:4.03px"> </div>assets measured at amortized<div style="display:inline-block;width:3.63px"> </div>cost. Refer to Note 1 for information.<div style="display:inline-block;width:10.25px"> </div>3 Excludes lease liabilities.</div></div></div></div> 169400000000 169400000000 100000000 0.0 0.0 169400000000 192800000000 192700000000 100000000 0.0 0.0 192800000000 14700000000 13900000000 0.0 700000000 0.0 14600000000 15400000000 14600000000 0.0 700000000 0.0 15300000000 67800000000 64300000000 0.0 1800000000 1700000000 67800000000 75000000000.0 71600000000 0.0 1300000000 2100000000 75000000000.0 35000000000.0 35000000000.0 0.0 0.0 0.0 35000000000.0 30500000000 30500000000 0.0 0.0 0.0 30500000000 390000000000.0 136900000000 0.0 45900000000 195000000000.0 377700000000 398700000000 163700000000 0.0 43800000000 190400000000 397900000000 53400000000 13000000000.0 10300000000 25100000000 2500000000 51000000000.0 26200000000 4100000000 9300000000 10700000000 2400000000 26500000000 11600000000 8900000000 0.0 2700000000 0.0 11600000000 13100000000 9100000000 0.0 4000000000.0 0.0 13100000000 4200000000 3500000000 0.0 700000000 0.0 4200000000 5500000000 4100000000 0.0 1500000000 0.0 5500000000 36400000000 36400000000 0.0 0.0 0.0 36400000000 31800000000 31800000000 0.0 0.0 0.0 31800000000 527200000000 493000000000.0 0.0 33900000000 0.0 526900000000 544800000000 537600000000 0.0 7300000000 0.0 544800000000 56100000000 2000000000.0 0.0 53700000000 0.0 55700000000 57300000000 2800000000 0.0 56000000000.0 0.0 58800000000 59500000000 13400000000 0.0 45500000000 0.0 58900000000 82400000000 13000000000.0 0.0 69800000000 0.0 82800000000 7200000000 7200000000 0.0 0.0 0.0 7200000000 6300000000 6300000000 0.0 0.0 0.0 6300000000 <div id="TextBlockContainer1506" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:209px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a176667" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 21<div style="display:inline-block;width:8.21px"> </div>Offsetting financial assets and financial<div style="display:inline-block;width:5.15px"> </div>liabilities </div><div id="a176670" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:26.8px;">UBS<div style="display:inline-block;width:7.45px"> </div>AG<div style="display:inline-block;width:7.14px"> </div>enters<div style="display:inline-block;width:6.57px"> </div>into<div style="display:inline-block;width:7.24px"> </div>netting<div style="display:inline-block;width:7.29px"> </div>agreements<div style="display:inline-block;width:7.33px"> </div>with<div style="display:inline-block;width:7.14px"> </div>counterparties<div style="display:inline-block;width:7.03px"> </div>to<div style="display:inline-block;width:7.14px"> </div>manage<div style="display:inline-block;width:7.34px"> </div>the<div style="display:inline-block;width:7.43px"> </div>credit<div style="display:inline-block;width:6.92px"> </div>risks<div style="display:inline-block;width:6.93px"> </div>associated<div style="display:inline-block;width:7.14px"> </div>primarily<div style="display:inline-block;width:7.27px"> </div>with </div><div id="a176672" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:42.4px;">repurchase<div style="display:inline-block;width:6.3px"> </div>and<div style="display:inline-block;width:6.08px"> </div>reverse<div style="display:inline-block;width:6.4px"> </div>repurchase<div style="display:inline-block;width:6.77px"> </div>transactions,<div style="display:inline-block;width:6.19px"> </div>securities<div style="display:inline-block;width:6.2px"> </div>borrowing<div style="display:inline-block;width:6.62px"> </div>and<div style="display:inline-block;width:6.08px"> </div>lending,<div style="display:inline-block;width:5.91px"> </div>over-the-counter<div style="display:inline-block;width:6.63px"> </div>derivatives,<div style="display:inline-block;width:6.06px"> </div>and </div><div id="a176677" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:57.6px;">exchange-traded derivatives. These netting<div style="display:inline-block;width:5.57px"> </div>agreements and similar arrangements<div style="display:inline-block;width:5.15px"> </div>generally enable the<div style="display:inline-block;width:5.13px"> </div>counterparties to </div><div id="a176681" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:73.2px;">set<div style="display:inline-block;width:6.08px"> </div>off<div style="display:inline-block;width:6.28px"> </div>liabilities<div style="display:inline-block;width:6.09px"> </div>against<div style="display:inline-block;width:6.34px"> </div>available<div style="display:inline-block;width:6.31px"> </div>assets<div style="display:inline-block;width:6.14px"> </div>received<div style="display:inline-block;width:6.87px"> </div>in<div style="display:inline-block;width:6.25px"> </div>the<div style="display:inline-block;width:6.2px"> </div>ordinary<div style="display:inline-block;width:6.38px"> </div>course<div style="display:inline-block;width:6.25px"> </div>of<div style="display:inline-block;width:6.2px"> </div>business<div style="display:inline-block;width:6.32px"> </div>and<div style="display:inline-block;width:6.55px"> </div>/<div style="display:inline-block;width:5.78px"> </div>or<div style="display:inline-block;width:6.2px"> </div>in<div style="display:inline-block;width:5.77px"> </div>the<div style="display:inline-block;width:6.2px"> </div>event<div style="display:inline-block;width:5.99px"> </div>that<div style="display:inline-block;width:6.04px"> </div>the </div><div id="a176685" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:88.3px;">counterparties to the transaction are<div style="display:inline-block;width:5.16px"> </div>unable to fulfill their contractual<div style="display:inline-block;width:5.08px"> </div>obligations. </div><div id="a176686" style="position:absolute;font-family:'Times New Roman';font-size:10.877px;font-weight:normal;font-style:normal;color:#3C8287;left:472.898px;top:90.4px;"> </div><div id="a176687" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:111px;">The tables<div style="display:inline-block;width:5.06px"> </div>below provide<div style="display:inline-block;width:5.66px"> </div>a summary of financial<div style="display:inline-block;width:5.42px"> </div>assets and<div style="display:inline-block;width:5.29px"> </div>financial liabilities<div style="display:inline-block;width:5.08px"> </div>subject to<div style="display:inline-block;width:5.35px"> </div>offsetting, enforceable<div style="display:inline-block;width:5.82px"> </div>master </div><div id="a176697" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:126.1px;">netting<div style="display:inline-block;width:6.34px"> </div>arrangements<div style="display:inline-block;width:6.66px"> </div>and<div style="display:inline-block;width:6.55px"> </div>similar<div style="display:inline-block;width:6.05px"> </div>agreements,<div style="display:inline-block;width:6.96px"> </div>as<div style="display:inline-block;width:6.2px"> </div>well<div style="display:inline-block;width:6.52px"> </div>as<div style="display:inline-block;width:6.67px"> </div>financial<div style="display:inline-block;width:6.36px"> </div>collateral<div style="display:inline-block;width:6.47px"> </div>received<div style="display:inline-block;width:7.18px"> </div>or<div style="display:inline-block;width:6.2px"> </div>pledged<div style="display:inline-block;width:6.88px"> </div>to<div style="display:inline-block;width:6.2px"> </div>mitigate<div style="display:inline-block;width:6.63px"> </div>credit </div><div id="a176700" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:141.8px;">exposures for these financial instruments<div style="display:inline-block;width:1.35px"> </div>.<div style="display:inline-block;width:4.36px"> </div></div><div id="a176704" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:164.5px;">UBS<div style="display:inline-block;width:7.01px"> </div>AG<div style="display:inline-block;width:6.67px"> </div>engages<div style="display:inline-block;width:6.33px"> </div>in<div style="display:inline-block;width:6.72px"> </div>a<div style="display:inline-block;width:6.15px"> </div>variety<div style="display:inline-block;width:6.28px"> </div>of<div style="display:inline-block;width:6.67px"> </div>counterparty<div style="display:inline-block;width:6.41px"> </div>credit<div style="display:inline-block;width:6.45px"> </div>risk<div style="display:inline-block;width:6.41px"> </div>mitigation<div style="display:inline-block;width:7.4px"> </div>strategies<div style="display:inline-block;width:6.36px"> </div>in<div style="display:inline-block;width:6.72px"> </div>addition<div style="display:inline-block;width:7.07px"> </div>to<div style="display:inline-block;width:6.2px"> </div>netting<div style="display:inline-block;width:6.82px"> </div>and<div style="display:inline-block;width:6.55px"> </div>collateral </div><div id="a176706" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:179.6px;">arrangements. Therefore,<div style="display:inline-block;width:5.03px"> </div>the net amounts presented<div style="display:inline-block;width:5.6px"> </div>in the tables below<div style="display:inline-block;width:5.11px"> </div>do not purport<div style="display:inline-block;width:5.47px"> </div>to represent their actual<div style="display:inline-block;width:5.57px"> </div>credit </div><div id="a176707" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:195.2px;">risk exposure.</div></div><div id="TextBlockContainer1510" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:522px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1508_XBRL_TS_b1c5374cd83a481285d4c7bd0451a7c8" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1509" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:522px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a176711" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Financial<div style="display:inline-block;width:3.66px"> </div>assets subject to offsetting, enforceable master<div style="display:inline-block;width:4.2px"> </div>netting arrangements and<div style="display:inline-block;width:4.23px"> </div>similar agreements </div><div id="a176715" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:246.435px;top:17.7px;">Assets subject to netting<div style="display:inline-block;width:3.79px"> </div>arrangements<div style="display:inline-block;width:2.65px"> </div></div><div id="a176723" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:171.182px;top:75.9px;">Netting recognized on the balance sheet </div><div id="a176726" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.395px;top:64px;">Netting potential not recognized on </div><div id="a176728" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:375.608px;top:75.9px;">the balance sheet</div><div id="a176729" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:439.475px;top:76.5px;">3</div><div id="a176732" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:514.728px;top:52.7px;">Assets not </div><div id="a176734" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:488.688px;top:64px;">subject to netting </div><div id="a176735" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:499.595px;top:75.9px;">arrangements</div><div id="a176736" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:549.755px;top:76.5px;">4</div><div id="a176739" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:599.915px;top:75.9px;">Total assets </div><div id="a176741" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:135px;">As of 31.12.22, USD bn </div><div id="a176743" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:165.035px;top:123.2px;">Gross assets </div><div id="a176745" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:158.888px;top:135px;">before netting </div><div id="a176747" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:229.848px;top:123.2px;">Netting with<div style="display:inline-block;width:2.76px"> </div></div><div id="a176749" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:218.982px;top:135px;">gross liabilities</div><div id="a176750" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:271.968px;top:135.6px;">2</div><div id="a176752" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:293.755px;top:88.1px;">Net assets </div><div id="a176754" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:291.875px;top:100px;">recognized </div><div id="a176756" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:307.942px;top:111.8px;">on the </div><div id="a176758" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:302.742px;top:123.2px;">balance<div style="display:inline-block;width:2.81px"> </div></div><div id="a176760" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.728px;top:135px;">sheet </div><div id="a176763" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.862px;top:123.2px;">Financial </div><div id="a176765" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.342px;top:135px;">liabilities </div><div id="a176767" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:383.168px;top:123.2px;">Collateral </div><div id="a176769" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.368px;top:135px;">received </div><div id="a176771" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:433.808px;top:88.1px;">Assets after </div><div id="a176773" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:427.182px;top:100px;">consideration </div><div id="a176774" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:469.302px;top:111.8px;">of </div><div id="a176776" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:450.382px;top:123.2px;">netting </div><div id="a176778" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:444.235px;top:135px;">potential </div><div id="a176781" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.395px;top:88.1px;">Assets </div><div id="a176783" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.315px;top:100px;">recognized </div><div id="a176785" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.395px;top:111.8px;">on the </div><div id="a176787" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:524.195px;top:123.2px;">balance<div style="display:inline-block;width:2.83px"> </div></div><div id="a176789" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:533.182px;top:135px;">sheet </div><div id="a176792" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.248px;top:88.1px;">Total assets </div><div id="a176794" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:100px;">after </div><div id="a176795" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:570.102px;top:111.8px;">consideration </div><div id="a176797" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.342px;top:123.2px;">of netting<div style="display:inline-block;width:2.75px"> </div></div><div id="a176799" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:586.648px;top:135px;">potential </div><div id="a176801" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:636.328px;top:88.1px;">Total assets </div><div id="a176803" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:639.168px;top:100px;">recognized<div style="display:inline-block;width:2.66px"> </div></div><div id="a176805" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:655.275px;top:111.8px;">on the<div style="display:inline-block;width:2.86px"> </div></div><div id="a176807" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:650.515px;top:123.2px;">balance </div><div id="a176809" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:659.542px;top:135px;">sheet </div><div id="a176811" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:148.7px;">Receivables from securities financing </div><div id="a176812" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:160.5px;">transactions measured at amortized cost </div><div id="a176815_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.968px;top:161.5px;">60.8</div><div id="a176818_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:253.062px;top:161.5px;display:flex;">(11.1)</div><div id="a176821_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:314.102px;top:161.5px;">49.6</div><div id="a176825_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:359.995px;top:161.5px;display:flex;">(3.0)</div><div id="a176828_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:395.968px;top:161.5px;display:flex;">(46.4)</div><div id="a176831_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:464.102px;top:161.5px;">0.3</div><div id="a176835_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.542px;top:161.5px;">18.2</div><div id="a176839_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:161.5px;">18.5</div><div id="a176842_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:661.902px;top:161.5px;">67.8</div><div id="a176845" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:176.1px;">Derivative financial instruments<div style="display:inline-block;width:3.65px"> </div></div><div id="a176847_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:188.235px;top:176.1px;">147.4</div><div id="a176850_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:258.262px;top:176.1px;display:flex;">(2.5)</div><div id="a176853_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:176.1px;">144.9</div><div id="a176857_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:350.062px;top:176.1px;display:flex;">(110.9)</div><div id="a176860_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:395.968px;top:176.1px;display:flex;">(28.5)</div><div id="a176863_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:464.102px;top:176.1px;">5.5</div><div id="a176867_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:540.275px;top:176.1px;">5.2</div><div id="a176871_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:176.1px;">10.7</div><div id="a176874_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:657.168px;top:176.1px;">150.1</div><div id="a176877" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:190.8px;">Cash collateral receivables on<div style="display:inline-block;width:3.5px"> </div></div><div id="a176881" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:202.7px;">derivative instruments</div><div id="a176882" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:83.195px;top:203.3px;">1</div><div id="a176884_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.968px;top:202.7px;">33.5</div><div id="a176887_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:263.462px;top:202.7px;">0.0</div><div id="a176890_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:314.102px;top:202.7px;">33.5</div><div id="a176894_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:354.795px;top:202.7px;display:flex;">(20.9)</div><div id="a176897_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.168px;top:202.7px;display:flex;">(1.9)</div><div id="a176900_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:459.368px;top:202.7px;">10.6</div><div id="a176904_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:540.275px;top:202.7px;">1.5</div><div id="a176908_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:202.7px;">12.1</div><div id="a176911_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:661.902px;top:202.7px;">35.0</div><div id="a176914" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:216.8px;">Financial assets at fair value<div style="display:inline-block;width:3.53px"> </div></div><div id="a176917" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:228.7px;">not held for trading </div><div id="a176919_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.968px;top:230.1px;">85.6</div><div id="a176922_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:253.062px;top:230.1px;display:flex;">(76.8)</div><div id="a176925_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:318.822px;top:230.1px;">8.7</div><div id="a176929_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:359.995px;top:230.1px;display:flex;">(1.5)</div><div id="a176932_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.168px;top:230.1px;display:flex;">(7.3)</div><div id="a176935_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:464.102px;top:230.1px;">0.0</div><div id="a176939_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.542px;top:230.1px;">50.7</div><div id="a176943_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:230.1px;">50.7</div><div id="a176946_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:661.902px;top:230.1px;">59.4</div><div id="a176949" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:243.3px;">of which: reverse<div style="display:inline-block;width:3.18px"> </div></div><div id="a176952" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:255.1px;">repurchase agreements </div><div id="a176954_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.968px;top:255.6px;">84.4</div><div id="a176957_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:253.062px;top:255.6px;display:flex;">(76.8)</div><div id="a176960_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:318.822px;top:255.6px;">7.6</div><div id="a176964_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:359.995px;top:255.6px;display:flex;">(1.5)</div><div id="a176967_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:401.168px;top:255.6px;display:flex;">(6.1)</div><div id="a176970_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:464.102px;top:255.6px;">0.0</div><div id="a176974_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:540.275px;top:255.6px;">0.1</div><div id="a176978_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:606.542px;top:255.6px;">0.1</div><div id="a176981_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:666.635px;top:255.6px;">7.7</div><div id="a176984" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:270.3px;">Total assets </div><div id="a176986_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:188.235px;top:270.3px;">327.2</div><div id="a176989_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:253.528px;top:270.3px;display:flex;">(90.4)</div><div id="a176992_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:270.3px;">236.8</div><div id="a176996_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:350.542px;top:270.3px;display:flex;">(136.3)</div><div id="a176999_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:396.448px;top:270.3px;display:flex;">(84.1)</div><div id="a177002_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:459.368px;top:271.7px;">16.4</div><div id="a177006_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.542px;top:270.3px;">75.6</div><div id="a177010_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:270.3px;">92.0</div><div id="a177013_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:657.168px;top:270.3px;">312.4</div><div id="a177016" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:302.9px;">As of 31.12.21, USD bn </div><div id="a177030" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:315.2px;">Receivables from securities financing </div><div id="a177031" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:326.6px;">transactions measured at amortized cost </div><div id="a177033_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.968px;top:326.6px;">67.7</div><div id="a177036_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:253.062px;top:326.6px;display:flex;">(13.8)</div><div id="a177039_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:314.102px;top:326.6px;">53.9</div><div id="a177043_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:359.995px;top:326.6px;display:flex;">(2.9)</div><div id="a177046_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:395.968px;top:326.6px;display:flex;">(51.0)</div><div id="a177049_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:464.102px;top:326.6px;">0.0</div><div id="a177053_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.542px;top:326.6px;">21.1</div><div id="a177057_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:326.6px;">21.1</div><div id="a177060_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:326.6px;">75.0</div><div id="a177063" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:341.3px;">Derivative financial instruments<div style="display:inline-block;width:3.65px"> </div></div><div id="a177065_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:188.235px;top:341.3px;">116.0</div><div id="a177068_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:258.262px;top:341.3px;display:flex;">(3.6)</div><div id="a177071_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:341.3px;">112.4</div><div id="a177075_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:354.795px;top:341.3px;display:flex;">(88.9)</div><div id="a177078_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:395.968px;top:341.3px;display:flex;">(18.5)</div><div id="a177081_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:464.102px;top:341.3px;">5.0</div><div id="a177085_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:540.275px;top:341.3px;">5.8</div><div id="a177089_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:341.3px;">10.7</div><div id="a177092_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:341.3px;">118.1</div><div id="a177095" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:357.4px;">Cash collateral receivables on<div style="display:inline-block;width:3.53px"> </div></div><div id="a177098" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:369.2px;">derivative instruments</div><div id="a177099" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:83.195px;top:369.8px;">1</div><div id="a177101_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.968px;top:370.6px;">29.4</div><div id="a177104_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:263.462px;top:370.6px;">0.0</div><div id="a177107_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:314.102px;top:370.6px;">29.4</div><div id="a177111_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:354.795px;top:370.6px;display:flex;">(15.2)</div><div id="a177114_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.168px;top:370.6px;display:flex;">(3.3)</div><div id="a177117_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.368px;top:370.6px;">11.0</div><div id="a177121_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:540.275px;top:370.6px;">1.1</div><div id="a177125_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:370.6px;">12.1</div><div id="a177128_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:370.6px;">30.5</div><div id="a177131" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:384.8px;">Financial assets at fair value<div style="display:inline-block;width:3.53px"> </div></div><div id="a177133" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:396.6px;">not held for trading </div><div id="a177135_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.968px;top:398px;">93.1</div><div id="a177138_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:253.062px;top:398px;display:flex;">(87.6)</div><div id="a177141_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:318.822px;top:398px;">5.5</div><div id="a177145_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:359.995px;top:398px;display:flex;">(1.1)</div><div id="a177148_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.168px;top:398px;display:flex;">(4.4)</div><div id="a177151_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:464.102px;top:398px;">0.0</div><div id="a177155_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.542px;top:398px;">54.1</div><div id="a177159_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:398px;">54.1</div><div id="a177162_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:398px;">59.6</div><div id="a177165" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:410.8px;">of which: reverse<div style="display:inline-block;width:3.18px"> </div></div><div id="a177168" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:422.6px;">repurchase agreements </div><div id="a177170_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.968px;top:422.6px;">93.1</div><div id="a177173_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:253.062px;top:422.6px;display:flex;">(87.6)</div><div id="a177176_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:318.822px;top:422.6px;">5.5</div><div id="a177180_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:359.995px;top:422.6px;display:flex;">(1.1)</div><div id="a177183_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:401.168px;top:422.6px;display:flex;">(4.4)</div><div id="a177186_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:464.102px;top:422.6px;">0.0</div><div id="a177190_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:540.275px;top:422.6px;">0.3</div><div id="a177194_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:606.542px;top:422.6px;">0.3</div><div id="a177197_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:666.635px;top:422.6px;">5.8</div><div id="a177200" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:437.3px;">Total assets </div><div id="a177202_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:188.235px;top:437.3px;">306.2</div><div id="a177205_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:248.808px;top:437.3px;display:flex;">(105.0)</div><div id="a177208_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:437.3px;">201.2</div><div id="a177212_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:350.542px;top:437.3px;display:flex;">(108.1)</div><div id="a177215_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.448px;top:437.3px;display:flex;">(77.2)</div><div id="a177218_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.368px;top:437.3px;">15.9</div><div id="a177222_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.542px;top:437.3px;">82.1</div><div id="a177226_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:437.3px;">98.1</div><div id="a177229_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:437.3px;">283.3</div><div id="a177232" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:452.8px;">1 The net<div style="display:inline-block;width:3.65px"> </div>amount of<div style="display:inline-block;width:3.46px"> </div>Cash collateral<div style="display:inline-block;width:3.78px"> </div>receivables<div style="display:inline-block;width:3.61px"> </div>on derivative<div style="display:inline-block;width:3.44px"> </div>instruments recognized<div style="display:inline-block;width:4.56px"> </div>on the balance<div style="display:inline-block;width:3.8px"> </div>sheet includes<div style="display:inline-block;width:3.63px"> </div>certain OTC<div style="display:inline-block;width:4.57px"> </div>derivatives that<div style="display:inline-block;width:3.45px"> </div>are net<div style="display:inline-block;width:3.79px"> </div>settled on a<div style="display:inline-block;width:3.79px"> </div>daily basis either<div style="display:inline-block;width:4.26px"> </div>legally or in<div style="display:inline-block;width:3.94px"> </div>substance under </div><div id="a177234" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:462.7px;">IAS 32 principles and<div style="display:inline-block;width:3.66px"> </div>exchange-traded<div style="display:inline-block;width:3.71px"> </div>derivatives that<div style="display:inline-block;width:3.47px"> </div>are economically<div style="display:inline-block;width:4.25px"> </div>settled on a daily<div style="display:inline-block;width:3.95px"> </div>basis.<div style="display:inline-block;width:9.78px"> </div>2 The logic<div style="display:inline-block;width:3.8px"> </div>of the table<div style="display:inline-block;width:3.63px"> </div>results in amounts<div style="display:inline-block;width:3.93px"> </div>presented in<div style="display:inline-block;width:3.47px"> </div>the “Netting with<div style="display:inline-block;width:4.18px"> </div>gross liabilities”<div style="display:inline-block;width:3.46px"> </div>column corresponding </div><div id="a177241" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:472.7px;">directly to the amounts<div style="display:inline-block;width:3.46px"> </div>presented in the “Netting<div style="display:inline-block;width:3.49px"> </div>with gross assets” column<div style="display:inline-block;width:4.26px"> </div>in the liabilities table<div style="display:inline-block;width:3.94px"> </div>presented below.<div style="display:inline-block;width:3.38px"> </div>Netting in this column<div style="display:inline-block;width:3.46px"> </div>for reverse repurchase<div style="display:inline-block;width:3.63px"> </div>agreements presented<div style="display:inline-block;width:3.79px"> </div>within the lines “Receivables </div><div id="a177245" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:483.1px;">from securities financing<div style="display:inline-block;width:4.1px"> </div>transactions<div style="display:inline-block;width:3.46px"> </div>measured at amortized<div style="display:inline-block;width:4.1px"> </div>cost” and<div style="display:inline-block;width:3.8px"> </div>“Financial assets<div style="display:inline-block;width:3.65px"> </div>at fair value<div style="display:inline-block;width:4.1px"> </div>not held for<div style="display:inline-block;width:3.62px"> </div>trading”<div style="display:inline-block;width:3.57px"> </div>taken together<div style="display:inline-block;width:3.95px"> </div>corresponds<div style="display:inline-block;width:3.45px"> </div>to the amounts<div style="display:inline-block;width:3.93px"> </div>presented for<div style="display:inline-block;width:3.47px"> </div>repurchase agreements<div style="display:inline-block;width:3.8px"> </div>in the </div><div id="a177247" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:493px;">“Payables from securities financing transactions<div style="display:inline-block;width:4.12px"> </div>measured at amortized cost” and “Other financial<div style="display:inline-block;width:3.51px"> </div>liabilities designated at fair value” lines in<div style="display:inline-block;width:3.58px"> </div>the liabilities table presented below.<div style="display:inline-block;width:9.13px"> </div>3 For the purpose of this disclosure, </div><div id="a177250" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:503.4px;">the amounts of financial instruments<div style="display:inline-block;width:3.63px"> </div>and cash collateral presented<div style="display:inline-block;width:3.96px"> </div>have been capped so as not to exceed<div style="display:inline-block;width:3.49px"> </div>the net amount of fin<div style="display:inline-block;width:1.53px"> </div>ancial assets presented on the balance<div style="display:inline-block;width:3.66px"> </div>sheet; i.e., over-collateralization,<div style="display:inline-block;width:4.15px"> </div>where it exists, </div><div id="a177256" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:513.4px;">is not reflected in the table.<div style="display:inline-block;width:9.95px"> </div>4 Includes assets not subject<div style="display:inline-block;width:3.49px"> </div>to enforceable netting<div style="display:inline-block;width:3.63px"> </div>arrangements and other<div style="display:inline-block;width:3.63px"> </div>out-of-scope items.</div></div></div></div><div id="TextBlockContainer1514" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:503px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1512_XBRL_TS_1348f9a8660e4b2298969dca34d55bdf" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1513" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:503px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a177300" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Financial liabilities subject to offsetting,<div style="display:inline-block;width:4.38px"> </div>enforceable master netting<div style="display:inline-block;width:4.24px"> </div>arrangements and similar agreements </div><div id="a177304" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:240.288px;top:15.8px;">Liabilities subject to netting<div style="display:inline-block;width:3.73px"> </div>arrangements<div style="display:inline-block;width:2.64px"> </div></div><div id="a177312" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:162.195px;top:65px;">Netting recognized on the balance sheet </div><div id="a177315" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:340.142px;top:53.2px;">Netting potential not recognized<div style="display:inline-block;width:3.26px"> </div></div><div id="a177317" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:359.995px;top:65px;">on the balance sheet</div><div id="a177318" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:435.702px;top:65.6px;">3</div><div id="a177321" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:504.328px;top:30px;">Liabilities not </div><div id="a177323" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.035px;top:41.3px;">subject<div style="display:inline-block;width:2.55px"> </div></div><div id="a177325" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.622px;top:53.2px;">to netting<div style="display:inline-block;width:2.57px"> </div></div><div id="a177327" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:499.595px;top:65px;">arrangements</div><div id="a177328" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:549.755px;top:65.6px;">4</div><div id="a177331" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:594.688px;top:65px;">Total liabilities </div><div id="a177333" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:135.9px;">As of 31.12.22, USD bn </div><div id="a177335" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:177.808px;top:100.5px;">Gross </div><div id="a177337" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:166.448px;top:112.3px;">liabilities </div><div id="a177339" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:174.968px;top:124.1px;">before </div><div id="a177341" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:172.595px;top:135.9px;">netting </div><div id="a177343" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:208.102px;top:124.1px;">Netting with<div style="display:inline-block;width:2.76px"> </div></div><div id="a177345" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:207.155px;top:135.9px;">gross assets</div><div id="a177346" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:250.222px;top:136.6px;">2</div><div id="a177348" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:300.382px;top:77.3px;">Net<div style="display:inline-block;width:2.73px"> </div></div><div id="a177350" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:281.435px;top:89.1px;">liabilities </div><div id="a177352" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:274.342px;top:100.5px;">recognized </div><div id="a177354" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:290.448px;top:112.3px;">on the </div><div id="a177356" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:285.248px;top:124.1px;">balance </div><div id="a177358" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:294.235px;top:135.9px;">sheet </div><div id="a177361" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.062px;top:124.1px;">Financial </div><div id="a177363" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:342.022px;top:135.9px;">assets </div><div id="a177365" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:374.662px;top:124.1px;">Collateral </div><div id="a177367" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:380.808px;top:135.9px;">pledged </div><div id="a177369" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:440.902px;top:89.1px;">Liabilities </div><div id="a177371" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.475px;top:100.5px;">after </div><div id="a177372" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:425.288px;top:112.3px;">consideration<div style="display:inline-block;width:2.9px"> </div></div><div id="a177374" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:439.008px;top:124.1px;">of netting </div><div id="a177376" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:442.342px;top:135.9px;">potential </div><div id="a177379" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:518.995px;top:89.1px;">Liabilities </div><div id="a177381" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.315px;top:100.5px;">recognized </div><div id="a177383" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.395px;top:112.3px;">on the </div><div id="a177385" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:524.195px;top:124.1px;">balance<div style="display:inline-block;width:2.83px"> </div></div><div id="a177387" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:533.182px;top:135.9px;">sheet </div><div id="a177390" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:600.395px;top:77.3px;">Total<div style="display:inline-block;width:3.14px"> </div></div><div id="a177392" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:586.648px;top:89.1px;">liabilities<div style="display:inline-block;width:2.9px"> </div></div><div id="a177394" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:100.5px;">after </div><div id="a177395" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:570.102px;top:112.3px;">consideration </div><div id="a177397" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.342px;top:124.1px;">of netting </div><div id="a177399" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:586.648px;top:135.9px;">potential </div><div id="a177401" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:660.488px;top:77.3px;">Total<div style="display:inline-block;width:3.14px"> </div></div><div id="a177403" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:646.742px;top:89.1px;">liabilities </div><div id="a177405" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:639.648px;top:100.5px;">recognized </div><div id="a177407" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:655.755px;top:112.3px;">on the </div><div id="a177409" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:650.515px;top:124.1px;">balance<div style="display:inline-block;width:2.83px"> </div></div><div id="a177411" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:659.542px;top:135.9px;">sheet </div><div id="a177413" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:149.2px;">Payables from securities financing </div><div id="a177414" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:161px;">transactions measured at amortized cost </div><div id="a177416_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:181.142px;top:162.4px;">14.1</div><div id="a177419_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:231.275px;top:162.4px;display:flex;">(11.1)</div><div id="a177422_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:301.328px;top:162.4px;">3.0</div><div id="a177426_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:347.235px;top:162.4px;display:flex;">(1.3)</div><div id="a177429_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:162.4px;display:flex;">(1.8)</div><div id="a177432_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:462.208px;top:162.4px;">0.0</div><div id="a177436_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:540.275px;top:162.4px;">1.2</div><div id="a177440_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:606.542px;top:162.4px;">1.2</div><div id="a177443_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:666.635px;top:162.4px;">4.2</div><div id="a177446" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:177.1px;">Derivative financial instruments<div style="display:inline-block;width:3.65px"> </div></div><div id="a177448_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:176.382px;top:177.1px;">150.3</div><div id="a177451_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:236.502px;top:177.1px;display:flex;">(2.5)</div><div id="a177454_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:291.875px;top:177.1px;">147.8</div><div id="a177458_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:337.302px;top:177.1px;display:flex;">(110.9)</div><div id="a177461_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.422px;top:177.1px;display:flex;">(26.2)</div><div id="a177464_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.475px;top:177.1px;">10.7</div><div id="a177468_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:540.275px;top:177.1px;">7.1</div><div id="a177472_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:177.1px;">17.8</div><div id="a177475_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:657.168px;top:177.1px;">154.9</div><div id="a177478" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:193.2px;">Cash collateral payables on<div style="display:inline-block;width:3.61px"> </div></div><div id="a177480" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:205px;">derivative instruments</div><div id="a177481" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:83.195px;top:205.7px;">1</div><div id="a177483_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:181.142px;top:206px;">34.9</div><div id="a177486_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:241.715px;top:206px;">0.0</div><div id="a177489_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:296.595px;top:206px;">34.9</div><div id="a177493_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:342.022px;top:206px;display:flex;">(20.0)</div><div id="a177496_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:206px;display:flex;">(1.9)</div><div id="a177499_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.475px;top:206px;">13.0</div><div id="a177503_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:540.275px;top:206px;">1.6</div><div id="a177507_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:206px;">14.5</div><div id="a177510_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:661.902px;top:206px;">36.4</div><div id="a177513" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:220.6px;">Other financial liabilities<div style="display:inline-block;width:2.95px"> </div></div><div id="a177516" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:232px;">designated at fair value </div><div id="a177518_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:181.142px;top:233.4px;">92.5</div><div id="a177521_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:231.275px;top:233.4px;display:flex;">(76.9)</div><div id="a177524_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:296.595px;top:233.4px;">15.6</div><div id="a177528_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:347.235px;top:233.4px;display:flex;">(3.2)</div><div id="a177531_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.422px;top:233.4px;display:flex;">(12.4)</div><div id="a177534_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:462.208px;top:233.4px;">0.0</div><div id="a177538_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.542px;top:233.4px;">16.4</div><div id="a177542_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:233.4px;">16.4</div><div id="a177545_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:661.902px;top:233.4px;">32.0</div><div id="a177548" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:247.1px;">of which: repurchase agreements </div><div id="a177551_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:181.142px;top:247.6px;">92.1</div><div id="a177554_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:231.275px;top:247.6px;display:flex;">(76.9)</div><div id="a177557_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:296.595px;top:247.6px;">15.3</div><div id="a177561_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:347.235px;top:247.6px;display:flex;">(3.2)</div><div id="a177564_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:387.422px;top:247.6px;display:flex;">(12.1)</div><div id="a177567_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:462.208px;top:247.6px;">0.0</div><div id="a177571_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:540.275px;top:247.6px;">0.1</div><div id="a177575_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:606.542px;top:247.6px;">0.1</div><div id="a177578_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:661.902px;top:247.6px;">15.3</div><div id="a177581" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:262.3px;">Total liabilities </div><div id="a177583_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:176.382px;top:262.3px;">291.7</div><div id="a177586_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:231.782px;top:262.3px;display:flex;">(90.4)</div><div id="a177589_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:291.875px;top:262.3px;">201.3</div><div id="a177593_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.768px;top:262.3px;display:flex;">(135.3)</div><div id="a177596_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:387.902px;top:262.3px;display:flex;">(42.3)</div><div id="a177599_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.475px;top:262.3px;">23.7</div><div id="a177603_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.542px;top:262.3px;">26.3</div><div id="a177607_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:262.3px;">49.9</div><div id="a177610_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:657.168px;top:262.3px;">227.6</div><div id="a177626" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:291.6px;">As of 31.12.21, USD bn </div><div id="a177640" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:305.3px;">Payables from securities financing </div><div id="a177641" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:317.1px;">transactions measured at amortized cost </div><div id="a177643_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:181.142px;top:318.5px;">16.9</div><div id="a177646_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:231.275px;top:318.5px;display:flex;">(12.8)</div><div id="a177649_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:301.328px;top:318.5px;">4.1</div><div id="a177653_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:347.235px;top:318.5px;display:flex;">(1.8)</div><div id="a177656_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:318.5px;display:flex;">(2.3)</div><div id="a177659_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.208px;top:318.5px;">0.0</div><div id="a177663_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:540.275px;top:318.5px;">1.4</div><div id="a177667_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:606.542px;top:318.5px;">1.4</div><div id="a177670_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:666.635px;top:318.5px;">5.5</div><div id="a177673" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:333.2px;">Derivative financial instruments<div style="display:inline-block;width:3.65px"> </div></div><div id="a177676_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:176.382px;top:333.2px;">118.4</div><div id="a177679_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:236.502px;top:333.2px;display:flex;">(3.6)</div><div id="a177682_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:291.875px;top:333.2px;">114.9</div><div id="a177686_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:342.022px;top:333.2px;display:flex;">(88.9)</div><div id="a177689_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.422px;top:333.2px;display:flex;">(18.1)</div><div id="a177692_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.208px;top:333.2px;">7.9</div><div id="a177696_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:540.275px;top:333.2px;">6.4</div><div id="a177700_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:333.2px;">14.3</div><div id="a177703_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:333.2px;">121.3</div><div id="a177706" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:349.3px;">Cash collateral payables on<div style="display:inline-block;width:3.61px"> </div></div><div id="a177708" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:360.7px;">derivative instruments</div><div id="a177709" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:83.195px;top:361.3px;">1</div><div id="a177711_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:181.142px;top:362.1px;">30.4</div><div id="a177714_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:241.715px;top:362.1px;">0.0</div><div id="a177717_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:296.595px;top:362.1px;">30.4</div><div id="a177721_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:342.022px;top:362.1px;display:flex;">(13.1)</div><div id="a177724_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:362.1px;display:flex;">(3.3)</div><div id="a177727_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:457.475px;top:362.1px;">14.0</div><div id="a177731_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:540.275px;top:362.1px;">1.4</div><div id="a177735_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:362.1px;">15.4</div><div id="a177738_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:362.1px;">31.8</div><div id="a177741" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:376.7px;">Other financial liabilities<div style="display:inline-block;width:2.95px"> </div></div><div id="a177744" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:388.1px;">designated at fair value </div><div id="a177746_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:181.142px;top:389.5px;">94.8</div><div id="a177749_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:231.275px;top:389.5px;display:flex;">(88.6)</div><div id="a177752_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:301.328px;top:389.5px;">6.2</div><div id="a177756_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:347.235px;top:389.5px;display:flex;">(2.2)</div><div id="a177759_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:389.5px;display:flex;">(3.8)</div><div id="a177762_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.208px;top:389.5px;">0.2</div><div id="a177766_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.542px;top:389.5px;">26.3</div><div id="a177770_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:389.5px;">26.5</div><div id="a177773_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:389.5px;">32.4</div><div id="a177776" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:403.3px;">of which: repurchase agreements </div><div id="a177779_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:181.142px;top:403.7px;">94.6</div><div id="a177782_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:231.275px;top:403.7px;display:flex;">(88.6)</div><div id="a177785_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:301.328px;top:403.7px;">6.0</div><div id="a177789_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:347.235px;top:403.7px;display:flex;">(2.2)</div><div id="a177792_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:403.7px;display:flex;">(3.8)</div><div id="a177795_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:462.208px;top:403.7px;">0.0</div><div id="a177799_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:540.275px;top:403.7px;">0.4</div><div id="a177803_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:606.542px;top:403.7px;">0.4</div><div id="a177806_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:666.635px;top:403.7px;">6.4</div><div id="a177809" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:418.4px;">Total liabilities </div><div id="a177811_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:176.382px;top:418.4px;">260.6</div><div id="a177814_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:227.022px;top:418.4px;display:flex;">(105.0)</div><div id="a177817_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:291.875px;top:418.4px;">155.6</div><div id="a177821_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:337.768px;top:418.4px;display:flex;">(106.0)</div><div id="a177824_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.902px;top:418.4px;display:flex;">(27.5)</div><div id="a177827_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:457.475px;top:418.4px;">22.1</div><div id="a177831_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.542px;top:418.4px;">35.5</div><div id="a177835_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:418.4px;">57.6</div><div id="a177838_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:418.4px;">191.1</div><div id="a177841" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:433.9px;">1 The net amount of Cash collateral<div style="display:inline-block;width:3.97px"> </div>payables on derivative instruments<div style="display:inline-block;width:3.6px"> </div>recognized on the balance sheet<div style="display:inline-block;width:3.64px"> </div>includes certain OTC<div style="display:inline-block;width:3.69px"> </div>derivatives that are net settled<div style="display:inline-block;width:3.57px"> </div>on a daily basis either legally or in substance<div style="display:inline-block;width:3.97px"> </div>under IAS 32 </div><div id="a177846" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:444.3px;">principles and exchange-traded derivativ<div style="display:inline-block;width:1.67px"> </div>es that are economically settled on a daily basis.<div style="display:inline-block;width:7.75px"> </div>2 The logic of the table results in amounts presented in the “Netting with gross<div style="display:inline-block;width:3.42px"> </div>assets” column corresponding to the amounts </div><div id="a177851" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:454.2px;">presented in the “Netting with gross liabilities” column in the assets table presented above. Netting in this column for<div style="display:inline-block;width:3.65px"> </div>repurchase agreements presented within the lines “Payables from<div style="display:inline-block;width:3.98px"> </div>securities financing transactions </div><div id="a177854" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:464.2px;">measured at amortized<div style="display:inline-block;width:4.57px"> </div>cost” and<div style="display:inline-block;width:3.8px"> </div>“Other financial<div style="display:inline-block;width:3.95px"> </div>liabilities designated<div style="display:inline-block;width:4.56px"> </div>at fair<div style="display:inline-block;width:3.48px"> </div>value” taken<div style="display:inline-block;width:4.11px"> </div>together corresponds<div style="display:inline-block;width:4.78px"> </div>to the<div style="display:inline-block;width:3.46px"> </div>amounts presented<div style="display:inline-block;width:4.09px"> </div>for reverse<div style="display:inline-block;width:3.93px"> </div>repurchase agreements<div style="display:inline-block;width:4.27px"> </div>in the “Receivables<div style="display:inline-block;width:4.89px"> </div>from securities </div><div id="a177856" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:474.6px;">financing transactions<div style="display:inline-block;width:3.79px"> </div>measured at amortized cost”<div style="display:inline-block;width:3.95px"> </div>and “Financial assets<div style="display:inline-block;width:3.66px"> </div>at fair value<div style="display:inline-block;width:3.63px"> </div>not held for trading”<div style="display:inline-block;width:3.48px"> </div>lines in the<div style="display:inline-block;width:3.63px"> </div>assets table presented<div style="display:inline-block;width:3.89px"> </div>above.<div style="display:inline-block;width:9.92px"> </div>3 For the purpose<div style="display:inline-block;width:3.87px"> </div>of this disclosure,<div style="display:inline-block;width:3.77px"> </div>the amounts of financial </div><div id="a177859" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:484.5px;">instruments and cash collateral<div style="display:inline-block;width:3.95px"> </div>presented have been capped<div style="display:inline-block;width:3.49px"> </div>so as not to exceed the<div style="display:inline-block;width:3.47px"> </div>net amount of financial liabilities<div style="display:inline-block;width:3.78px"> </div>presented on the balance<div style="display:inline-block;width:3.74px"> </div>sheet; i.e., over-collateralization,<div style="display:inline-block;width:4.11px"> </div>where it exists, is<div style="display:inline-block;width:3.54px"> </div>not reflected in the </div><div id="a177864" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:494.9px;">table.<div style="display:inline-block;width:8.36px"> </div>4 Includes liabilities<div style="display:inline-block;width:3.82px"> </div>not subject to enforceable netting<div style="display:inline-block;width:3.47px"> </div>arrangements and<div style="display:inline-block;width:3.48px"> </div>other out-of-scope items.</div></div></div></div> <div id="TextBlockContainer1509" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:522px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a176711" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Financial<div style="display:inline-block;width:3.66px"> </div>assets subject to offsetting, enforceable master<div style="display:inline-block;width:4.2px"> </div>netting arrangements and<div style="display:inline-block;width:4.23px"> </div>similar agreements </div><div id="a176715" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:246.435px;top:17.7px;">Assets subject to netting<div style="display:inline-block;width:3.79px"> </div>arrangements<div style="display:inline-block;width:2.65px"> </div></div><div id="a176723" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:171.182px;top:75.9px;">Netting recognized on the balance sheet </div><div id="a176726" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.395px;top:64px;">Netting potential not recognized on </div><div id="a176728" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:375.608px;top:75.9px;">the balance sheet</div><div id="a176729" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:439.475px;top:76.5px;">3</div><div id="a176732" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:514.728px;top:52.7px;">Assets not </div><div id="a176734" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:488.688px;top:64px;">subject to netting </div><div id="a176735" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:499.595px;top:75.9px;">arrangements</div><div id="a176736" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:549.755px;top:76.5px;">4</div><div id="a176739" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:599.915px;top:75.9px;">Total assets </div><div id="a176741" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:135px;">As of 31.12.22, USD bn </div><div id="a176743" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:165.035px;top:123.2px;">Gross assets </div><div id="a176745" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:158.888px;top:135px;">before netting </div><div id="a176747" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:229.848px;top:123.2px;">Netting with<div style="display:inline-block;width:2.76px"> </div></div><div id="a176749" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:218.982px;top:135px;">gross liabilities</div><div id="a176750" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:271.968px;top:135.6px;">2</div><div id="a176752" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:293.755px;top:88.1px;">Net assets </div><div id="a176754" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:291.875px;top:100px;">recognized </div><div id="a176756" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:307.942px;top:111.8px;">on the </div><div id="a176758" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:302.742px;top:123.2px;">balance<div style="display:inline-block;width:2.81px"> </div></div><div id="a176760" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.728px;top:135px;">sheet </div><div id="a176763" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.862px;top:123.2px;">Financial </div><div id="a176765" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.342px;top:135px;">liabilities </div><div id="a176767" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:383.168px;top:123.2px;">Collateral </div><div id="a176769" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.368px;top:135px;">received </div><div id="a176771" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:433.808px;top:88.1px;">Assets after </div><div id="a176773" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:427.182px;top:100px;">consideration </div><div id="a176774" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:469.302px;top:111.8px;">of </div><div id="a176776" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:450.382px;top:123.2px;">netting </div><div id="a176778" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:444.235px;top:135px;">potential </div><div id="a176781" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.395px;top:88.1px;">Assets </div><div id="a176783" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.315px;top:100px;">recognized </div><div id="a176785" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.395px;top:111.8px;">on the </div><div id="a176787" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:524.195px;top:123.2px;">balance<div style="display:inline-block;width:2.83px"> </div></div><div id="a176789" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:533.182px;top:135px;">sheet </div><div id="a176792" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.248px;top:88.1px;">Total assets </div><div id="a176794" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:100px;">after </div><div id="a176795" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:570.102px;top:111.8px;">consideration </div><div id="a176797" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.342px;top:123.2px;">of netting<div style="display:inline-block;width:2.75px"> </div></div><div id="a176799" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:586.648px;top:135px;">potential </div><div id="a176801" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:636.328px;top:88.1px;">Total assets </div><div id="a176803" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:639.168px;top:100px;">recognized<div style="display:inline-block;width:2.66px"> </div></div><div id="a176805" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:655.275px;top:111.8px;">on the<div style="display:inline-block;width:2.86px"> </div></div><div id="a176807" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:650.515px;top:123.2px;">balance </div><div id="a176809" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:659.542px;top:135px;">sheet </div><div id="a176811" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:148.7px;">Receivables from securities financing </div><div id="a176812" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:160.5px;">transactions measured at amortized cost </div><div id="a176815_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.968px;top:161.5px;">60.8</div><div id="a176818_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:253.062px;top:161.5px;display:flex;">(11.1)</div><div id="a176821_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:314.102px;top:161.5px;">49.6</div><div id="a176825_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:359.995px;top:161.5px;display:flex;">(3.0)</div><div id="a176828_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:395.968px;top:161.5px;display:flex;">(46.4)</div><div id="a176831_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:464.102px;top:161.5px;">0.3</div><div id="a176835_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.542px;top:161.5px;">18.2</div><div id="a176839_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:161.5px;">18.5</div><div id="a176842_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:661.902px;top:161.5px;">67.8</div><div id="a176845" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:176.1px;">Derivative financial instruments<div style="display:inline-block;width:3.65px"> </div></div><div id="a176847_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:188.235px;top:176.1px;">147.4</div><div id="a176850_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:258.262px;top:176.1px;display:flex;">(2.5)</div><div id="a176853_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:176.1px;">144.9</div><div id="a176857_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:350.062px;top:176.1px;display:flex;">(110.9)</div><div id="a176860_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:395.968px;top:176.1px;display:flex;">(28.5)</div><div id="a176863_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:464.102px;top:176.1px;">5.5</div><div id="a176867_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:540.275px;top:176.1px;">5.2</div><div id="a176871_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:176.1px;">10.7</div><div id="a176874_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:657.168px;top:176.1px;">150.1</div><div id="a176877" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:190.8px;">Cash collateral receivables on<div style="display:inline-block;width:3.5px"> </div></div><div id="a176881" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:202.7px;">derivative instruments</div><div id="a176882" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:83.195px;top:203.3px;">1</div><div id="a176884_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.968px;top:202.7px;">33.5</div><div id="a176887_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:263.462px;top:202.7px;">0.0</div><div id="a176890_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:314.102px;top:202.7px;">33.5</div><div id="a176894_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:354.795px;top:202.7px;display:flex;">(20.9)</div><div id="a176897_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.168px;top:202.7px;display:flex;">(1.9)</div><div id="a176900_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:459.368px;top:202.7px;">10.6</div><div id="a176904_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:540.275px;top:202.7px;">1.5</div><div id="a176908_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:202.7px;">12.1</div><div id="a176911_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:661.902px;top:202.7px;">35.0</div><div id="a176914" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:216.8px;">Financial assets at fair value<div style="display:inline-block;width:3.53px"> </div></div><div id="a176917" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:228.7px;">not held for trading </div><div id="a176919_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.968px;top:230.1px;">85.6</div><div id="a176922_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:253.062px;top:230.1px;display:flex;">(76.8)</div><div id="a176925_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:318.822px;top:230.1px;">8.7</div><div id="a176929_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:359.995px;top:230.1px;display:flex;">(1.5)</div><div id="a176932_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.168px;top:230.1px;display:flex;">(7.3)</div><div id="a176935_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:464.102px;top:230.1px;">0.0</div><div id="a176939_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.542px;top:230.1px;">50.7</div><div id="a176943_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:230.1px;">50.7</div><div id="a176946_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:661.902px;top:230.1px;">59.4</div><div id="a176949" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:243.3px;">of which: reverse<div style="display:inline-block;width:3.18px"> </div></div><div id="a176952" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:255.1px;">repurchase agreements </div><div id="a176954_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.968px;top:255.6px;">84.4</div><div id="a176957_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:253.062px;top:255.6px;display:flex;">(76.8)</div><div id="a176960_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:318.822px;top:255.6px;">7.6</div><div id="a176964_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:359.995px;top:255.6px;display:flex;">(1.5)</div><div id="a176967_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:401.168px;top:255.6px;display:flex;">(6.1)</div><div id="a176970_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:464.102px;top:255.6px;">0.0</div><div id="a176974_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:540.275px;top:255.6px;">0.1</div><div id="a176978_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:606.542px;top:255.6px;">0.1</div><div id="a176981_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:666.635px;top:255.6px;">7.7</div><div id="a176984" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:270.3px;">Total assets </div><div id="a176986_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:188.235px;top:270.3px;">327.2</div><div id="a176989_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:253.528px;top:270.3px;display:flex;">(90.4)</div><div id="a176992_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:309.368px;top:270.3px;">236.8</div><div id="a176996_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:350.542px;top:270.3px;display:flex;">(136.3)</div><div id="a176999_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:396.448px;top:270.3px;display:flex;">(84.1)</div><div id="a177002_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:459.368px;top:271.7px;">16.4</div><div id="a177006_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.542px;top:270.3px;">75.6</div><div id="a177010_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:270.3px;">92.0</div><div id="a177013_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:657.168px;top:270.3px;">312.4</div><div id="a177016" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:302.9px;">As of 31.12.21, USD bn </div><div id="a177030" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:315.2px;">Receivables from securities financing </div><div id="a177031" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:326.6px;">transactions measured at amortized cost </div><div id="a177033_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.968px;top:326.6px;">67.7</div><div id="a177036_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:253.062px;top:326.6px;display:flex;">(13.8)</div><div id="a177039_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:314.102px;top:326.6px;">53.9</div><div id="a177043_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:359.995px;top:326.6px;display:flex;">(2.9)</div><div id="a177046_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:395.968px;top:326.6px;display:flex;">(51.0)</div><div id="a177049_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:464.102px;top:326.6px;">0.0</div><div id="a177053_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.542px;top:326.6px;">21.1</div><div id="a177057_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:326.6px;">21.1</div><div id="a177060_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:326.6px;">75.0</div><div id="a177063" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:341.3px;">Derivative financial instruments<div style="display:inline-block;width:3.65px"> </div></div><div id="a177065_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:188.235px;top:341.3px;">116.0</div><div id="a177068_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:258.262px;top:341.3px;display:flex;">(3.6)</div><div id="a177071_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:341.3px;">112.4</div><div id="a177075_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:354.795px;top:341.3px;display:flex;">(88.9)</div><div id="a177078_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:395.968px;top:341.3px;display:flex;">(18.5)</div><div id="a177081_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:464.102px;top:341.3px;">5.0</div><div id="a177085_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:540.275px;top:341.3px;">5.8</div><div id="a177089_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:341.3px;">10.7</div><div id="a177092_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:341.3px;">118.1</div><div id="a177095" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:357.4px;">Cash collateral receivables on<div style="display:inline-block;width:3.53px"> </div></div><div id="a177098" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:369.2px;">derivative instruments</div><div id="a177099" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:83.195px;top:369.8px;">1</div><div id="a177101_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.968px;top:370.6px;">29.4</div><div id="a177104_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:263.462px;top:370.6px;">0.0</div><div id="a177107_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:314.102px;top:370.6px;">29.4</div><div id="a177111_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:354.795px;top:370.6px;display:flex;">(15.2)</div><div id="a177114_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.168px;top:370.6px;display:flex;">(3.3)</div><div id="a177117_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.368px;top:370.6px;">11.0</div><div id="a177121_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:540.275px;top:370.6px;">1.1</div><div id="a177125_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:370.6px;">12.1</div><div id="a177128_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:370.6px;">30.5</div><div id="a177131" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:384.8px;">Financial assets at fair value<div style="display:inline-block;width:3.53px"> </div></div><div id="a177133" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:396.6px;">not held for trading </div><div id="a177135_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.968px;top:398px;">93.1</div><div id="a177138_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:253.062px;top:398px;display:flex;">(87.6)</div><div id="a177141_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:318.822px;top:398px;">5.5</div><div id="a177145_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:359.995px;top:398px;display:flex;">(1.1)</div><div id="a177148_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.168px;top:398px;display:flex;">(4.4)</div><div id="a177151_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:464.102px;top:398px;">0.0</div><div id="a177155_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.542px;top:398px;">54.1</div><div id="a177159_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:398px;">54.1</div><div id="a177162_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:398px;">59.6</div><div id="a177165" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:410.8px;">of which: reverse<div style="display:inline-block;width:3.18px"> </div></div><div id="a177168" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:422.6px;">repurchase agreements </div><div id="a177170_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:192.968px;top:422.6px;">93.1</div><div id="a177173_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:253.062px;top:422.6px;display:flex;">(87.6)</div><div id="a177176_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:318.822px;top:422.6px;">5.5</div><div id="a177180_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:359.995px;top:422.6px;display:flex;">(1.1)</div><div id="a177183_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:401.168px;top:422.6px;display:flex;">(4.4)</div><div id="a177186_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:464.102px;top:422.6px;">0.0</div><div id="a177190_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:540.275px;top:422.6px;">0.3</div><div id="a177194_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:606.542px;top:422.6px;">0.3</div><div id="a177197_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:666.635px;top:422.6px;">5.8</div><div id="a177200" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:437.3px;">Total assets </div><div id="a177202_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:188.235px;top:437.3px;">306.2</div><div id="a177205_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:248.808px;top:437.3px;display:flex;">(105.0)</div><div id="a177208_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:437.3px;">201.2</div><div id="a177212_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:350.542px;top:437.3px;display:flex;">(108.1)</div><div id="a177215_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.448px;top:437.3px;display:flex;">(77.2)</div><div id="a177218_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.368px;top:437.3px;">15.9</div><div id="a177222_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.542px;top:437.3px;">82.1</div><div id="a177226_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:437.3px;">98.1</div><div id="a177229_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:437.3px;">283.3</div><div id="a177232" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:452.8px;">1 The net<div style="display:inline-block;width:3.65px"> </div>amount of<div style="display:inline-block;width:3.46px"> </div>Cash collateral<div style="display:inline-block;width:3.78px"> </div>receivables<div style="display:inline-block;width:3.61px"> </div>on derivative<div style="display:inline-block;width:3.44px"> </div>instruments recognized<div style="display:inline-block;width:4.56px"> </div>on the balance<div style="display:inline-block;width:3.8px"> </div>sheet includes<div style="display:inline-block;width:3.63px"> </div>certain OTC<div style="display:inline-block;width:4.57px"> </div>derivatives that<div style="display:inline-block;width:3.45px"> </div>are net<div style="display:inline-block;width:3.79px"> </div>settled on a<div style="display:inline-block;width:3.79px"> </div>daily basis either<div style="display:inline-block;width:4.26px"> </div>legally or in<div style="display:inline-block;width:3.94px"> </div>substance under </div><div id="a177234" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:462.7px;">IAS 32 principles and<div style="display:inline-block;width:3.66px"> </div>exchange-traded<div style="display:inline-block;width:3.71px"> </div>derivatives that<div style="display:inline-block;width:3.47px"> </div>are economically<div style="display:inline-block;width:4.25px"> </div>settled on a daily<div style="display:inline-block;width:3.95px"> </div>basis.<div style="display:inline-block;width:9.78px"> </div>2 The logic<div style="display:inline-block;width:3.8px"> </div>of the table<div style="display:inline-block;width:3.63px"> </div>results in amounts<div style="display:inline-block;width:3.93px"> </div>presented in<div style="display:inline-block;width:3.47px"> </div>the “Netting with<div style="display:inline-block;width:4.18px"> </div>gross liabilities”<div style="display:inline-block;width:3.46px"> </div>column corresponding </div><div id="a177241" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:472.7px;">directly to the amounts<div style="display:inline-block;width:3.46px"> </div>presented in the “Netting<div style="display:inline-block;width:3.49px"> </div>with gross assets” column<div style="display:inline-block;width:4.26px"> </div>in the liabilities table<div style="display:inline-block;width:3.94px"> </div>presented below.<div style="display:inline-block;width:3.38px"> </div>Netting in this column<div style="display:inline-block;width:3.46px"> </div>for reverse repurchase<div style="display:inline-block;width:3.63px"> </div>agreements presented<div style="display:inline-block;width:3.79px"> </div>within the lines “Receivables </div><div id="a177245" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:483.1px;">from securities financing<div style="display:inline-block;width:4.1px"> </div>transactions<div style="display:inline-block;width:3.46px"> </div>measured at amortized<div style="display:inline-block;width:4.1px"> </div>cost” and<div style="display:inline-block;width:3.8px"> </div>“Financial assets<div style="display:inline-block;width:3.65px"> </div>at fair value<div style="display:inline-block;width:4.1px"> </div>not held for<div style="display:inline-block;width:3.62px"> </div>trading”<div style="display:inline-block;width:3.57px"> </div>taken together<div style="display:inline-block;width:3.95px"> </div>corresponds<div style="display:inline-block;width:3.45px"> </div>to the amounts<div style="display:inline-block;width:3.93px"> </div>presented for<div style="display:inline-block;width:3.47px"> </div>repurchase agreements<div style="display:inline-block;width:3.8px"> </div>in the </div><div id="a177247" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:493px;">“Payables from securities financing transactions<div style="display:inline-block;width:4.12px"> </div>measured at amortized cost” and “Other financial<div style="display:inline-block;width:3.51px"> </div>liabilities designated at fair value” lines in<div style="display:inline-block;width:3.58px"> </div>the liabilities table presented below.<div style="display:inline-block;width:9.13px"> </div>3 For the purpose of this disclosure, </div><div id="a177250" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:503.4px;">the amounts of financial instruments<div style="display:inline-block;width:3.63px"> </div>and cash collateral presented<div style="display:inline-block;width:3.96px"> </div>have been capped so as not to exceed<div style="display:inline-block;width:3.49px"> </div>the net amount of fin<div style="display:inline-block;width:1.53px"> </div>ancial assets presented on the balance<div style="display:inline-block;width:3.66px"> </div>sheet; i.e., over-collateralization,<div style="display:inline-block;width:4.15px"> </div>where it exists, </div><div id="a177256" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:513.4px;">is not reflected in the table.<div style="display:inline-block;width:9.95px"> </div>4 Includes assets not subject<div style="display:inline-block;width:3.49px"> </div>to enforceable netting<div style="display:inline-block;width:3.63px"> </div>arrangements and other<div style="display:inline-block;width:3.63px"> </div>out-of-scope items.</div></div> 60800000000 11100000000 49600000000 3000000000.0 46400000000 300000000 18200000000 18500000000 67800000000 147400000000 2500000000 144900000000 110900000000 28500000000 5500000000 5200000000 10700000000 150100000000 33500000000 0.0 33500000000 20900000000 1900000000 10600000000 1500000000 12100000000 35000000000.0 85600000000 76800000000 8700000000 1500000000 7300000000 0.0 50700000000 50700000000 59400000000 84400000000 76800000000 7600000000 1500000000 6100000000 0.0 100000000 100000000 7700000000 327200000000 90400000000 236800000000 136300000000 84100000000 16400000000 75600000000 92000000000.0 312400000000 67700000000 13800000000 53900000000 2900000000 51000000000.0 0.0 21100000000 21100000000 75000000000.0 116000000000.0 3600000000 112400000000 88900000000 18500000000 5000000000.0 5800000000 10700000000 118100000000 29400000000 0.0 29400000000 15200000000 3300000000 11000000000.0 1100000000 12100000000 30500000000 93100000000 87600000000 5500000000 1100000000 4400000000 0.0 54100000000 54100000000 59600000000 93100000000 87600000000 5500000000 1100000000 4400000000 0.0 300000000 300000000 5800000000 306200000000 105000000000.0 201200000000 108100000000 77200000000 15900000000 82100000000 98100000000 283300000000 <div id="TextBlockContainer1513" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:503px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a177300" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Financial liabilities subject to offsetting,<div style="display:inline-block;width:4.38px"> </div>enforceable master netting<div style="display:inline-block;width:4.24px"> </div>arrangements and similar agreements </div><div id="a177304" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:240.288px;top:15.8px;">Liabilities subject to netting<div style="display:inline-block;width:3.73px"> </div>arrangements<div style="display:inline-block;width:2.64px"> </div></div><div id="a177312" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:162.195px;top:65px;">Netting recognized on the balance sheet </div><div id="a177315" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:340.142px;top:53.2px;">Netting potential not recognized<div style="display:inline-block;width:3.26px"> </div></div><div id="a177317" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:359.995px;top:65px;">on the balance sheet</div><div id="a177318" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:435.702px;top:65.6px;">3</div><div id="a177321" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:504.328px;top:30px;">Liabilities not </div><div id="a177323" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.035px;top:41.3px;">subject<div style="display:inline-block;width:2.55px"> </div></div><div id="a177325" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:516.622px;top:53.2px;">to netting<div style="display:inline-block;width:2.57px"> </div></div><div id="a177327" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:499.595px;top:65px;">arrangements</div><div id="a177328" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:549.755px;top:65.6px;">4</div><div id="a177331" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:594.688px;top:65px;">Total liabilities </div><div id="a177333" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:135.9px;">As of 31.12.22, USD bn </div><div id="a177335" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:177.808px;top:100.5px;">Gross </div><div id="a177337" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:166.448px;top:112.3px;">liabilities </div><div id="a177339" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:174.968px;top:124.1px;">before </div><div id="a177341" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:172.595px;top:135.9px;">netting </div><div id="a177343" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:208.102px;top:124.1px;">Netting with<div style="display:inline-block;width:2.76px"> </div></div><div id="a177345" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:207.155px;top:135.9px;">gross assets</div><div id="a177346" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:250.222px;top:136.6px;">2</div><div id="a177348" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:300.382px;top:77.3px;">Net<div style="display:inline-block;width:2.73px"> </div></div><div id="a177350" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:281.435px;top:89.1px;">liabilities </div><div id="a177352" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:274.342px;top:100.5px;">recognized </div><div id="a177354" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:290.448px;top:112.3px;">on the </div><div id="a177356" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:285.248px;top:124.1px;">balance </div><div id="a177358" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:294.235px;top:135.9px;">sheet </div><div id="a177361" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.062px;top:124.1px;">Financial </div><div id="a177363" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:342.022px;top:135.9px;">assets </div><div id="a177365" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:374.662px;top:124.1px;">Collateral </div><div id="a177367" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:380.808px;top:135.9px;">pledged </div><div id="a177369" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:440.902px;top:89.1px;">Liabilities </div><div id="a177371" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.475px;top:100.5px;">after </div><div id="a177372" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:425.288px;top:112.3px;">consideration<div style="display:inline-block;width:2.9px"> </div></div><div id="a177374" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:439.008px;top:124.1px;">of netting </div><div id="a177376" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:442.342px;top:135.9px;">potential </div><div id="a177379" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:518.995px;top:89.1px;">Liabilities </div><div id="a177381" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.315px;top:100.5px;">recognized </div><div id="a177383" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.395px;top:112.3px;">on the </div><div id="a177385" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:524.195px;top:124.1px;">balance<div style="display:inline-block;width:2.83px"> </div></div><div id="a177387" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:533.182px;top:135.9px;">sheet </div><div id="a177390" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:600.395px;top:77.3px;">Total<div style="display:inline-block;width:3.14px"> </div></div><div id="a177392" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:586.648px;top:89.1px;">liabilities<div style="display:inline-block;width:2.9px"> </div></div><div id="a177394" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:100.5px;">after </div><div id="a177395" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:570.102px;top:112.3px;">consideration </div><div id="a177397" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.342px;top:124.1px;">of netting </div><div id="a177399" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:586.648px;top:135.9px;">potential </div><div id="a177401" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:660.488px;top:77.3px;">Total<div style="display:inline-block;width:3.14px"> </div></div><div id="a177403" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:646.742px;top:89.1px;">liabilities </div><div id="a177405" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:639.648px;top:100.5px;">recognized </div><div id="a177407" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:655.755px;top:112.3px;">on the </div><div id="a177409" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:650.515px;top:124.1px;">balance<div style="display:inline-block;width:2.83px"> </div></div><div id="a177411" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:659.542px;top:135.9px;">sheet </div><div id="a177413" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:149.2px;">Payables from securities financing </div><div id="a177414" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:161px;">transactions measured at amortized cost </div><div id="a177416_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:181.142px;top:162.4px;">14.1</div><div id="a177419_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:231.275px;top:162.4px;display:flex;">(11.1)</div><div id="a177422_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:301.328px;top:162.4px;">3.0</div><div id="a177426_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:347.235px;top:162.4px;display:flex;">(1.3)</div><div id="a177429_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:162.4px;display:flex;">(1.8)</div><div id="a177432_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:462.208px;top:162.4px;">0.0</div><div id="a177436_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:540.275px;top:162.4px;">1.2</div><div id="a177440_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:606.542px;top:162.4px;">1.2</div><div id="a177443_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:666.635px;top:162.4px;">4.2</div><div id="a177446" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:177.1px;">Derivative financial instruments<div style="display:inline-block;width:3.65px"> </div></div><div id="a177448_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:176.382px;top:177.1px;">150.3</div><div id="a177451_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:236.502px;top:177.1px;display:flex;">(2.5)</div><div id="a177454_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:291.875px;top:177.1px;">147.8</div><div id="a177458_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:337.302px;top:177.1px;display:flex;">(110.9)</div><div id="a177461_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.422px;top:177.1px;display:flex;">(26.2)</div><div id="a177464_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.475px;top:177.1px;">10.7</div><div id="a177468_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:540.275px;top:177.1px;">7.1</div><div id="a177472_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:177.1px;">17.8</div><div id="a177475_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:657.168px;top:177.1px;">154.9</div><div id="a177478" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:193.2px;">Cash collateral payables on<div style="display:inline-block;width:3.61px"> </div></div><div id="a177480" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:205px;">derivative instruments</div><div id="a177481" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:83.195px;top:205.7px;">1</div><div id="a177483_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:181.142px;top:206px;">34.9</div><div id="a177486_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:241.715px;top:206px;">0.0</div><div id="a177489_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:296.595px;top:206px;">34.9</div><div id="a177493_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:342.022px;top:206px;display:flex;">(20.0)</div><div id="a177496_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:206px;display:flex;">(1.9)</div><div id="a177499_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.475px;top:206px;">13.0</div><div id="a177503_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:540.275px;top:206px;">1.6</div><div id="a177507_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:206px;">14.5</div><div id="a177510_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:661.902px;top:206px;">36.4</div><div id="a177513" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:220.6px;">Other financial liabilities<div style="display:inline-block;width:2.95px"> </div></div><div id="a177516" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:232px;">designated at fair value </div><div id="a177518_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:181.142px;top:233.4px;">92.5</div><div id="a177521_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:231.275px;top:233.4px;display:flex;">(76.9)</div><div id="a177524_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:296.595px;top:233.4px;">15.6</div><div id="a177528_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:347.235px;top:233.4px;display:flex;">(3.2)</div><div id="a177531_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.422px;top:233.4px;display:flex;">(12.4)</div><div id="a177534_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:462.208px;top:233.4px;">0.0</div><div id="a177538_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.542px;top:233.4px;">16.4</div><div id="a177542_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:233.4px;">16.4</div><div id="a177545_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:661.902px;top:233.4px;">32.0</div><div id="a177548" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:247.1px;">of which: repurchase agreements </div><div id="a177551_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:181.142px;top:247.6px;">92.1</div><div id="a177554_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:231.275px;top:247.6px;display:flex;">(76.9)</div><div id="a177557_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:296.595px;top:247.6px;">15.3</div><div id="a177561_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:347.235px;top:247.6px;display:flex;">(3.2)</div><div id="a177564_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:387.422px;top:247.6px;display:flex;">(12.1)</div><div id="a177567_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:462.208px;top:247.6px;">0.0</div><div id="a177571_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:540.275px;top:247.6px;">0.1</div><div id="a177575_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:606.542px;top:247.6px;">0.1</div><div id="a177578_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:661.902px;top:247.6px;">15.3</div><div id="a177581" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:262.3px;">Total liabilities </div><div id="a177583_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:176.382px;top:262.3px;">291.7</div><div id="a177586_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:231.782px;top:262.3px;display:flex;">(90.4)</div><div id="a177589_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:291.875px;top:262.3px;">201.3</div><div id="a177593_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.768px;top:262.3px;display:flex;">(135.3)</div><div id="a177596_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:387.902px;top:262.3px;display:flex;">(42.3)</div><div id="a177599_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.475px;top:262.3px;">23.7</div><div id="a177603_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.542px;top:262.3px;">26.3</div><div id="a177607_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.808px;top:262.3px;">49.9</div><div id="a177610_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:657.168px;top:262.3px;">227.6</div><div id="a177626" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:291.6px;">As of 31.12.21, USD bn </div><div id="a177640" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:305.3px;">Payables from securities financing </div><div id="a177641" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:317.1px;">transactions measured at amortized cost </div><div id="a177643_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:181.142px;top:318.5px;">16.9</div><div id="a177646_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:231.275px;top:318.5px;display:flex;">(12.8)</div><div id="a177649_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:301.328px;top:318.5px;">4.1</div><div id="a177653_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:347.235px;top:318.5px;display:flex;">(1.8)</div><div id="a177656_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:318.5px;display:flex;">(2.3)</div><div id="a177659_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.208px;top:318.5px;">0.0</div><div id="a177663_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:540.275px;top:318.5px;">1.4</div><div id="a177667_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:606.542px;top:318.5px;">1.4</div><div id="a177670_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:666.635px;top:318.5px;">5.5</div><div id="a177673" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:333.2px;">Derivative financial instruments<div style="display:inline-block;width:3.65px"> </div></div><div id="a177676_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:176.382px;top:333.2px;">118.4</div><div id="a177679_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:236.502px;top:333.2px;display:flex;">(3.6)</div><div id="a177682_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:291.875px;top:333.2px;">114.9</div><div id="a177686_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:342.022px;top:333.2px;display:flex;">(88.9)</div><div id="a177689_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.422px;top:333.2px;display:flex;">(18.1)</div><div id="a177692_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.208px;top:333.2px;">7.9</div><div id="a177696_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:540.275px;top:333.2px;">6.4</div><div id="a177700_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:333.2px;">14.3</div><div id="a177703_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:333.2px;">121.3</div><div id="a177706" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:349.3px;">Cash collateral payables on<div style="display:inline-block;width:3.61px"> </div></div><div id="a177708" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:360.7px;">derivative instruments</div><div id="a177709" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:83.195px;top:361.3px;">1</div><div id="a177711_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:181.142px;top:362.1px;">30.4</div><div id="a177714_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:241.715px;top:362.1px;">0.0</div><div id="a177717_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:296.595px;top:362.1px;">30.4</div><div id="a177721_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:342.022px;top:362.1px;display:flex;">(13.1)</div><div id="a177724_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:362.1px;display:flex;">(3.3)</div><div id="a177727_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:457.475px;top:362.1px;">14.0</div><div id="a177731_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:540.275px;top:362.1px;">1.4</div><div id="a177735_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:362.1px;">15.4</div><div id="a177738_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:362.1px;">31.8</div><div id="a177741" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:376.7px;">Other financial liabilities<div style="display:inline-block;width:2.95px"> </div></div><div id="a177744" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:388.1px;">designated at fair value </div><div id="a177746_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:181.142px;top:389.5px;">94.8</div><div id="a177749_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:231.275px;top:389.5px;display:flex;">(88.6)</div><div id="a177752_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:301.328px;top:389.5px;">6.2</div><div id="a177756_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:347.235px;top:389.5px;display:flex;">(2.2)</div><div id="a177759_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:389.5px;display:flex;">(3.8)</div><div id="a177762_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.208px;top:389.5px;">0.2</div><div id="a177766_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.542px;top:389.5px;">26.3</div><div id="a177770_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:389.5px;">26.5</div><div id="a177773_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:389.5px;">32.4</div><div id="a177776" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:403.3px;">of which: repurchase agreements </div><div id="a177779_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:181.142px;top:403.7px;">94.6</div><div id="a177782_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:231.275px;top:403.7px;display:flex;">(88.6)</div><div id="a177785_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:301.328px;top:403.7px;">6.0</div><div id="a177789_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:347.235px;top:403.7px;display:flex;">(2.2)</div><div id="a177792_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.662px;top:403.7px;display:flex;">(3.8)</div><div id="a177795_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:462.208px;top:403.7px;">0.0</div><div id="a177799_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:540.275px;top:403.7px;">0.4</div><div id="a177803_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:606.542px;top:403.7px;">0.4</div><div id="a177806_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:666.635px;top:403.7px;">6.4</div><div id="a177809" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:418.4px;">Total liabilities </div><div id="a177811_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:176.382px;top:418.4px;">260.6</div><div id="a177814_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:227.022px;top:418.4px;display:flex;">(105.0)</div><div id="a177817_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:291.875px;top:418.4px;">155.6</div><div id="a177821_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:337.768px;top:418.4px;display:flex;">(106.0)</div><div id="a177824_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.902px;top:418.4px;display:flex;">(27.5)</div><div id="a177827_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:457.475px;top:418.4px;">22.1</div><div id="a177831_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.542px;top:418.4px;">35.5</div><div id="a177835_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:418.4px;">57.6</div><div id="a177838_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:418.4px;">191.1</div><div id="a177841" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:433.9px;">1 The net amount of Cash collateral<div style="display:inline-block;width:3.97px"> </div>payables on derivative instruments<div style="display:inline-block;width:3.6px"> </div>recognized on the balance sheet<div style="display:inline-block;width:3.64px"> </div>includes certain OTC<div style="display:inline-block;width:3.69px"> </div>derivatives that are net settled<div style="display:inline-block;width:3.57px"> </div>on a daily basis either legally or in substance<div style="display:inline-block;width:3.97px"> </div>under IAS 32 </div><div id="a177846" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:444.3px;">principles and exchange-traded derivativ<div style="display:inline-block;width:1.67px"> </div>es that are economically settled on a daily basis.<div style="display:inline-block;width:7.75px"> </div>2 The logic of the table results in amounts presented in the “Netting with gross<div style="display:inline-block;width:3.42px"> </div>assets” column corresponding to the amounts </div><div id="a177851" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:454.2px;">presented in the “Netting with gross liabilities” column in the assets table presented above. Netting in this column for<div style="display:inline-block;width:3.65px"> </div>repurchase agreements presented within the lines “Payables from<div style="display:inline-block;width:3.98px"> </div>securities financing transactions </div><div id="a177854" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:464.2px;">measured at amortized<div style="display:inline-block;width:4.57px"> </div>cost” and<div style="display:inline-block;width:3.8px"> </div>“Other financial<div style="display:inline-block;width:3.95px"> </div>liabilities designated<div style="display:inline-block;width:4.56px"> </div>at fair<div style="display:inline-block;width:3.48px"> </div>value” taken<div style="display:inline-block;width:4.11px"> </div>together corresponds<div style="display:inline-block;width:4.78px"> </div>to the<div style="display:inline-block;width:3.46px"> </div>amounts presented<div style="display:inline-block;width:4.09px"> </div>for reverse<div style="display:inline-block;width:3.93px"> </div>repurchase agreements<div style="display:inline-block;width:4.27px"> </div>in the “Receivables<div style="display:inline-block;width:4.89px"> </div>from securities </div><div id="a177856" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:474.6px;">financing transactions<div style="display:inline-block;width:3.79px"> </div>measured at amortized cost”<div style="display:inline-block;width:3.95px"> </div>and “Financial assets<div style="display:inline-block;width:3.66px"> </div>at fair value<div style="display:inline-block;width:3.63px"> </div>not held for trading”<div style="display:inline-block;width:3.48px"> </div>lines in the<div style="display:inline-block;width:3.63px"> </div>assets table presented<div style="display:inline-block;width:3.89px"> </div>above.<div style="display:inline-block;width:9.92px"> </div>3 For the purpose<div style="display:inline-block;width:3.87px"> </div>of this disclosure,<div style="display:inline-block;width:3.77px"> </div>the amounts of financial </div><div id="a177859" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:484.5px;">instruments and cash collateral<div style="display:inline-block;width:3.95px"> </div>presented have been capped<div style="display:inline-block;width:3.49px"> </div>so as not to exceed the<div style="display:inline-block;width:3.47px"> </div>net amount of financial liabilities<div style="display:inline-block;width:3.78px"> </div>presented on the balance<div style="display:inline-block;width:3.74px"> </div>sheet; i.e., over-collateralization,<div style="display:inline-block;width:4.11px"> </div>where it exists, is<div style="display:inline-block;width:3.54px"> </div>not reflected in the </div><div id="a177864" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:494.9px;">table.<div style="display:inline-block;width:8.36px"> </div>4 Includes liabilities<div style="display:inline-block;width:3.82px"> </div>not subject to enforceable netting<div style="display:inline-block;width:3.47px"> </div>arrangements and<div style="display:inline-block;width:3.48px"> </div>other out-of-scope items.</div></div> 14100000000 11100000000 3000000000.0 1300000000 1800000000 0.0 1200000000 1200000000 4200000000 150300000000 2500000000 147800000000 110900000000 26200000000 10700000000 7100000000 17800000000 154900000000 34900000000 0.0 34900000000 20000000000.0 1900000000 13000000000.0 1600000000 14500000000 36400000000 92500000000 76900000000 15600000000 3200000000 12400000000 0.0 16400000000 16400000000 32000000000.0 92100000000 76900000000 15300000000 3200000000 12100000000 0.0 100000000 100000000 15300000000 291700000000 90400000000 201300000000 135300000000 42300000000 23700000000 26300000000 49900000000 227600000000 16900000000 12800000000 4100000000 1800000000 2300000000 0.0 1400000000 1400000000 5500000000 118400000000 3600000000 114900000000 88900000000 18100000000 7900000000 6400000000 14300000000 121300000000 30400000000 0.0 30400000000 13100000000 3300000000 14000000000.0 1400000000 15400000000 31800000000 94800000000 88600000000 6200000000 2200000000 3800000000 200000000 26300000000 26500000000 32400000000 94600000000 88600000000 6000000000.0 2200000000 3800000000 0.0 400000000 400000000 6400000000 260600000000 105000000000.0 155600000000 106000000000.0 27500000000 22100000000 35500000000 57600000000 191100000000 <div id="TextBlockContainer1516" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:351px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a177906" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 22<div style="display:inline-block;width:8.21px"> </div>Restricted and transferred financial<div style="display:inline-block;width:5.14px"> </div>assets </div><div id="a177909" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:26.8px;">This Note<div style="display:inline-block;width:6.13px"> </div>provides<div style="display:inline-block;width:5.16px"> </div>information about<div style="display:inline-block;width:6.22px"> </div>restricted financial<div style="display:inline-block;width:6.03px"> </div>assets (Note<div style="display:inline-block;width:6.33px"> </div>22a),<div style="display:inline-block;width:5.34px"> </div>transfers of<div style="display:inline-block;width:5.52px"> </div>financial assets<div style="display:inline-block;width:5.51px"> </div>(Note<div style="display:inline-block;width:5.16px"> </div>22b<div style="display:inline-block;width:5.34px"> </div>and </div><div id="a177914" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:42.4px;">22c) and financial assets that are<div style="display:inline-block;width:5.33px"> </div>received as collateral with the right<div style="display:inline-block;width:5.05px"> </div>to resell or repledge<div style="display:inline-block;width:5.65px"> </div>these assets (Note 22d). </div><div id="a177924" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:57.6px;"> </div><div id="a177925" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:4.905px;top:80.4px;">a) Restricted financial assets </div><div id="a177930" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:107.7px;">Restricted<div style="display:inline-block;width:5.36px"> </div>financial assets<div style="display:inline-block;width:6.93px"> </div>consist<div style="display:inline-block;width:5.24px"> </div>of<div style="display:inline-block;width:5.25px"> </div>assets<div style="display:inline-block;width:5.2px"> </div>pledged<div style="display:inline-block;width:5.91px"> </div>as collateral<div style="display:inline-block;width:6.15px"> </div>against<div style="display:inline-block;width:5.4px"> </div>an<div style="display:inline-block;width:5.4px"> </div>existing<div style="display:inline-block;width:5.09px"> </div>liability or<div style="display:inline-block;width:6.57px"> </div>contingent<div style="display:inline-block;width:5.6px"> </div>liability and </div><div id="a177932" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:122.8px;">other assets that are otherwise explicitly<div style="display:inline-block;width:5.44px"> </div>restricted such that they cannot<div style="display:inline-block;width:5.43px"> </div>be used to secure funding.<div style="display:inline-block;width:5.29px"> </div></div><div id="a177934" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:146px;">Financial<div style="display:inline-block;width:5.39px"> </div>assets<div style="display:inline-block;width:5.2px"> </div>are<div style="display:inline-block;width:5.76px"> </div>mainly<div style="display:inline-block;width:5.31px"> </div>pledged<div style="display:inline-block;width:5.91px"> </div>as<div style="display:inline-block;width:5.25px"> </div>collateral<div style="display:inline-block;width:5.53px"> </div>in<div style="display:inline-block;width:5.3px"> </div>securities<div style="display:inline-block;width:5.73px"> </div>lending<div style="display:inline-block;width:5.8px"> </div>transactions,<div style="display:inline-block;width:5.72px"> </div>in<div style="display:inline-block;width:5.3px"> </div>repurchase<div style="display:inline-block;width:5.83px"> </div>transactions,<div style="display:inline-block;width:5.24px"> </div>against </div><div id="a177937" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:161.2px;">loans from<div style="display:inline-block;width:5.16px"> </div>Swiss mortgage institutions<div style="display:inline-block;width:5.32px"> </div>and in connection<div style="display:inline-block;width:5.32px"> </div>with the issuance<div style="display:inline-block;width:5.23px"> </div>of covered bonds.<div style="display:inline-block;width:5.4px"> </div>UBS AG generally enters </div><div id="a177941" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:176.3px;">into repurchase and securities lending<div style="display:inline-block;width:5.18px"> </div>arrangements under standard market agreements. For securities lending,<div style="display:inline-block;width:5.35px"> </div>the cash </div><div id="a177945" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:191.9px;">received as<div style="display:inline-block;width:5.61px"> </div>collateral may<div style="display:inline-block;width:5.81px"> </div>be more<div style="display:inline-block;width:6.12px"> </div>or less<div style="display:inline-block;width:5.35px"> </div>than the<div style="display:inline-block;width:5.7px"> </div>fair value<div style="display:inline-block;width:5.26px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>securities loaned,<div style="display:inline-block;width:6.1px"> </div>depending on<div style="display:inline-block;width:5.87px"> </div>the nature<div style="display:inline-block;width:5.22px"> </div>of the </div><div id="a177949" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:207.1px;">transaction.<div style="display:inline-block;width:3.81px"> </div>For repurchase agreements, the fair<div style="display:inline-block;width:1.93px"> </div>value of the<div style="display:inline-block;width:2.09px"> </div>collateral sold under an<div style="display:inline-block;width:2.12px"> </div>agreement to repurchase is<div style="display:inline-block;width:2.06px"> </div>generally </div><div id="a177953" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:222.2px;">in excess<div style="display:inline-block;width:5.57px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the cash<div style="display:inline-block;width:5.88px"> </div>borrowed.<div style="display:inline-block;width:5.8px"> </div>Pledged<div style="display:inline-block;width:5.23px"> </div>mortgage loans<div style="display:inline-block;width:6.28px"> </div>serve as<div style="display:inline-block;width:5.52px"> </div>collateral<div style="display:inline-block;width:5.06px"> </div>for existing<div style="display:inline-block;width:6.51px"> </div>liabilities against<div style="display:inline-block;width:5.92px"> </div>Swiss<div style="display:inline-block;width:5.3px"> </div>central </div><div id="a177956" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:237.8px;">mortgage institutions<div style="display:inline-block;width:5.59px"> </div>and for<div style="display:inline-block;width:5.13px"> </div>existing covered<div style="display:inline-block;width:5.28px"> </div>bond<div style="display:inline-block;width:5.07px"> </div>issuances of<div style="display:inline-block;width:5.35px"> </div>USD </div><div id="a177956_69_5" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:409.018px;top:237.8px;">8,962</div><div id="a177956_74_38" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:442.592px;top:237.8px;">m as of<div style="display:inline-block;width:5.38px"> </div>31 December<div style="display:inline-block;width:5.08px"> </div>2022<div style="display:inline-block;width:5.17px"> </div>(31 December </div><div id="a177969" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:252.9px;">2021: USD </div><div id="a177969_10_6" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:70.67px;top:252.9px;">10,843</div><div id="a177969_16_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:111.378px;top:252.9px;">m). </div><div id="a177978" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:276.1px;">Other restricted financial assets<div style="display:inline-block;width:2.24px"> </div>include assets protected under client<div style="display:inline-block;width:1.83px"> </div>asset segregation rules, assets held<div style="display:inline-block;width:1.91px"> </div>under unit-linked </div><div id="a177981" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:291.3px;">investment contracts to back related liabilities to the policy holders and<div style="display:inline-block;width:5.5px"> </div>assets held in certain jurisdictions to comply with </div><div id="a177985" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:306.4px;">explicit minimum local asset maintenance requirements. The carrying amount of<div style="display:inline-block;width:2.29px"> </div>the liabilities associated with<div style="display:inline-block;width:2.29px"> </div>these other </div><div id="a177986" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:321.5px;">restricted financial<div style="display:inline-block;width:6.03px"> </div>assets<div style="display:inline-block;width:5.2px"> </div>is generally<div style="display:inline-block;width:6.04px"> </div>equal<div style="display:inline-block;width:5.18px"> </div>to the<div style="display:inline-block;width:5.88px"> </div>carrying<div style="display:inline-block;width:5.26px"> </div>amount<div style="display:inline-block;width:5.03px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>assets, with<div style="display:inline-block;width:5.93px"> </div>the exception<div style="display:inline-block;width:6.25px"> </div>of assets<div style="display:inline-block;width:5.82px"> </div>held<div style="display:inline-block;width:5.03px"> </div>to </div><div id="a177988" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:337.1px;">comply with local asset maintenance requirements,<div style="display:inline-block;width:5.48px"> </div>for which the associated liabilities<div style="display:inline-block;width:5.75px"> </div>are greater.</div></div><div id="TextBlockContainer1519" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:694px;height:368px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a177996" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Restricted financial assets<div style="display:inline-block;width:3.8px"> </div></div><div id="a178004" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:13.9px;">USD m </div><div id="a178007" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:464.102px;top:13.9px;">31.12.22 </div><div id="a178010" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.048px;top:13.9px;">31.12.21 </div><div id="a178014" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:442.342px;top:74px;">Restricted </div><div id="a178015" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:423.395px;top:85.3px;">financial assets </div><div id="a178017" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:485.382px;top:27.1px;">of which: assets </div><div id="a178018" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:503.862px;top:38.5px;">pledged as </div><div id="a178019" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:493.422px;top:50.3px;">collateral that </div><div id="a178020" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:490.115px;top:62.1px;">may be sold or </div><div id="a178021" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:496.288px;top:74px;">repledged by </div><div id="a178022" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:491.528px;top:85.3px;">counterparties </div><div id="a178025" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.302px;top:74px;">Restricted </div><div id="a178026" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:556.382px;top:85.3px;">financial assets </div><div id="a178028" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:618.835px;top:27.1px;">of which: assets </div><div id="a178029" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:637.275px;top:38.5px;">pledged as </div><div id="a178030" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:626.875px;top:50.3px;">collateral that </div><div id="a178031" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.568px;top:62.1px;">may be sold or </div><div id="a178032" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:629.235px;top:74px;">repledged by </div><div id="a178033" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:624.515px;top:85.3px;">counterparties </div><div id="a178035" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:98.5px;">Financial assets pledged as collateral </div><div id="a178044" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:112.7px;">Financial assets at fair value held for trading </div><div id="a178047_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:112.7px;">57,435</div><div id="a178050_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:517.102px;top:112.7px;">36,742</div><div id="a178054_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.755px;top:112.7px;">63,834</div><div id="a178057_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:650.048px;top:112.7px;">43,397</div><div id="a178060" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:126.9px;">Loans and advances to customers</div><div id="a178061" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:125.275px;top:127.6px;">1</div><div id="a178064_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:126.9px;">15,195</div><div id="a178069_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.755px;top:126.9px;">18,160</div><div id="a178073" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:141.6px;">Financial assets at fair value not held for trading </div><div id="a178076_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.528px;top:141.6px;">1,509</div><div id="a178079_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:521.822px;top:141.6px;">1,220</div><div id="a178083_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.582px;top:141.6px;">961</div><div id="a178086_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:661.902px;top:141.6px;">961</div><div id="a178089" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:155.8px;">Debt securities classified as Other financial assets measured<div style="display:inline-block;width:3.93px"> </div>at amortized cost </div><div id="a178093_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.528px;top:155.8px;">3,432</div><div id="a178096_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:521.822px;top:155.8px;">2,685</div><div id="a178100_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.488px;top:155.8px;">2,234</div><div id="a178103_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:654.808px;top:155.8px;">1,870</div><div id="a178106" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:170px;">Total financial assets pledged<div style="display:inline-block;width:3.85px"> </div>as collateral </div><div id="a178109_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:170.9px;">77,571</div><div id="a178114_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.755px;top:170px;">85,188</div><div id="a178125" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:196px;">Other restricted financial assets </div><div id="a178133" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:210.7px;">Loans and advances to banks </div><div id="a178136_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.528px;top:210.7px;">3,689</div><div id="a178141_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.488px;top:210.7px;">3,408</div><div id="a178145" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:224.9px;">Financial assets at fair value held for trading </div><div id="a178148_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:463.622px;top:224.9px;">162</div><div id="a178153_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.582px;top:224.9px;">392</div><div id="a178157" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:239.1px;">Cash collateral receivables on derivative<div style="display:inline-block;width:3.86px"> </div>instruments </div><div id="a178160_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.528px;top:239.1px;">5,155</div><div id="a178165_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.488px;top:239.1px;">4,747</div><div id="a178169" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:253.7px;">Loans and advances to customers </div><div id="a178172_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.528px;top:253.7px;">1,127</div><div id="a178177_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.488px;top:253.7px;">1,237</div><div id="a178181" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:267.9px;">Financial assets at fair value not held for trading </div><div id="a178185_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:267.9px;">14,090</div><div id="a178190_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.755px;top:267.9px;">22,328</div><div id="a178194" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:282.1px;">Financial assets measured at fair value through<div style="display:inline-block;width:4.15px"> </div>other comprehensive income </div><div id="a178197_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.528px;top:282.1px;">1,842</div><div id="a178202_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.582px;top:282.1px;">894</div><div id="a178206" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:296.8px;">Other </div><div id="a178209_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:463.622px;top:297.3px;">859</div><div id="a178214_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:296.8px;">97</div><div id="a178218" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:310px;">Total other restricted<div style="display:inline-block;width:3.87px"> </div>financial assets<div style="display:inline-block;width:2.74px"> </div></div><div id="a178221_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:311px;">26,924</div><div id="a178226_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.755px;top:310px;">33,104</div><div id="a178230" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:324.7px;">Total financial assets pledged<div style="display:inline-block;width:3.85px"> </div>and other restricted financial assets</div><div id="a178232" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:242.182px;top:325.3px;">2</div><div id="a178235_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:447.075px;top:325.2px;">104,495</div><div id="a178240_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.022px;top:324.7px;">118,292</div><div id="a178244" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:338.8px;">1 Mainly related to mortgage<div style="display:inline-block;width:3.65px"> </div>loans that serve as collateral<div style="display:inline-block;width:3.94px"> </div>for existing liabilities toward<div style="display:inline-block;width:4.23px"> </div>Swiss central mortgage<div style="display:inline-block;width:3.62px"> </div>institutions and for existing<div style="display:inline-block;width:3.93px"> </div>covered bond issuances.<div style="display:inline-block;width:3.78px"> </div>Of these pledged<div style="display:inline-block;width:3.63px"> </div>mortgage loans, approximately </div><div id="a178246" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:349.2px;">USD </div><div id="a178246_4_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.812px;top:349.2px;">3.1</div><div id="a178246_7_63" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:29.216px;top:349.2px;">bn as of<div style="display:inline-block;width:3.48px"> </div>31 December 2022<div style="display:inline-block;width:4.33px"> </div>(31 December<div style="display:inline-block;width:3.49px"> </div>2021: approximately<div style="display:inline-block;width:4.22px"> </div>USD </div><div id="a178246_70_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:251.635px;top:349.2px;">2.7</div><div id="a178246_73_137" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:262.512px;top:349.2px;">bn) could be<div style="display:inline-block;width:3.63px"> </div>withdrawn<div style="display:inline-block;width:3.47px"> </div>or used for<div style="display:inline-block;width:3.46px"> </div>future liabilities<div style="display:inline-block;width:3.93px"> </div>or covered bond<div style="display:inline-block;width:3.89px"> </div>issuances without<div style="display:inline-block;width:3.62px"> </div>breaching existing<div style="display:inline-block;width:3.47px"> </div>collateral<div style="display:inline-block;width:3.62px"> </div>requirements.<div style="display:inline-block;width:11.35px"> </div></div><div id="a178252" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:359.1px;">2 Does not include assets placed<div style="display:inline-block;width:3.65px"> </div>with central banks related<div style="display:inline-block;width:3.49px"> </div>to undrawn credit lines<div style="display:inline-block;width:3.79px"> </div>and for payment, clearing<div style="display:inline-block;width:3.49px"> </div>and settlement purposes<div style="display:inline-block;width:3.72px"> </div>(31 December 2022:<div style="display:inline-block;width:3.4px"> </div>USD </div><div id="a178252_157_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:511.422px;top:359.1px;">5.9</div><div id="a178252_160_26" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:522.298px;top:359.1px;">bn; 31 December 2021:<div style="display:inline-block;width:3.6px"> </div>USD </div><div id="a178252_186_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:614.581px;top:359.1px;">4.4</div><div id="a178252_189_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:625.458px;top:359.1px;">bn).</div></div><div id="TextBlockContainer1522" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:195px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a178299" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">In<div style="display:inline-block;width:5.77px"> </div>addition<div style="display:inline-block;width:6.12px"> </div>to<div style="display:inline-block;width:5.25px"> </div>restrictions<div style="display:inline-block;width:5.39px"> </div>on<div style="display:inline-block;width:6.08px"> </div>financial<div style="display:inline-block;width:5.41px"> </div>assets,<div style="display:inline-block;width:5.77px"> </div>UBS<div style="display:inline-block;width:6.22px"> </div>AG<div style="display:inline-block;width:5.72px"> </div>and<div style="display:inline-block;width:5.61px"> </div>its<div style="display:inline-block;width:5.47px"> </div>subsidiaries<div style="display:inline-block;width:5.49px"> </div>are,<div style="display:inline-block;width:5.87px"> </div>in<div style="display:inline-block;width:5.77px"> </div>certain cases,<div style="display:inline-block;width:6.79px"> </div>subject<div style="display:inline-block;width:5.67px"> </div>to<div style="display:inline-block;width:5.72px"> </div>regulatory </div><div id="a178302" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">requirements that<div style="display:inline-block;width:2.31px"> </div>affect the transfer<div style="display:inline-block;width:1.9px"> </div>of dividends and capital<div style="display:inline-block;width:1.8px"> </div>within UBS AG,<div style="display:inline-block;width:1.97px"> </div>as well as<div style="display:inline-block;width:2.09px"> </div>intercompany lending. Supervisory </div><div id="a178306" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">authorities also may require entities<div style="display:inline-block;width:1.82px"> </div>to measure capital and leverage<div style="display:inline-block;width:2.33px"> </div>ratios on a stressed basis, such<div style="display:inline-block;width:2.07px"> </div>as the Federal Reserve </div><div id="a178308" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.4px;">Board’s Comprehensive Capita<div style="display:inline-block;width:1.41px"> </div>l<div style="display:inline-block;width:3.68px"> </div>Analysis and Review (CCAR)<div style="display:inline-block;width:6.02px"> </div>process, which may limit the relevant<div style="display:inline-block;width:5.38px"> </div>subsidiaries’ ability to </div><div id="a178316" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">make distributions of capital based on<div style="display:inline-block;width:5.5px"> </div>the results of those tests. </div><div id="a178318" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:84.2px;">Supervisory<div style="display:inline-block;width:5.04px"> </div>authorities<div style="display:inline-block;width:5.66px"> </div>generally<div style="display:inline-block;width:5.52px"> </div>have<div style="display:inline-block;width:5.67px"> </div>discretion<div style="display:inline-block;width:5.85px"> </div>to<div style="display:inline-block;width:5.25px"> </div>impose<div style="display:inline-block;width:5.4px"> </div>higher<div style="display:inline-block;width:5.55px"> </div>requirements<div style="display:inline-block;width:5.62px"> </div>or<div style="display:inline-block;width:5.72px"> </div>to<div style="display:inline-block;width:5.25px"> </div>otherwise<div style="display:inline-block;width:5.35px"> </div>limit<div style="display:inline-block;width:5.87px"> </div>the<div style="display:inline-block;width:5.25px"> </div>activities<div style="display:inline-block;width:5.17px"> </div>of </div><div id="a178320" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.3px;">subsidiaries.<div style="display:inline-block;width:4.21px"> </div></div><div id="a178322" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:122.5px;">Non-regulated subsidiaries<div style="display:inline-block;width:5.05px"> </div>are generally not subject to such<div style="display:inline-block;width:5.25px"> </div>requirements and transfer<div style="display:inline-block;width:5.4px"> </div>restrictions. However,<div style="display:inline-block;width:5.13px"> </div>restrictions </div><div id="a178325" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:137.7px;">can<div style="display:inline-block;width:6.62px"> </div>also<div style="display:inline-block;width:6.77px"> </div>be<div style="display:inline-block;width:6.82px"> </div>the<div style="display:inline-block;width:6.67px"> </div>result<div style="display:inline-block;width:6.7px"> </div>of<div style="display:inline-block;width:6.67px"> </div>different<div style="display:inline-block;width:6.79px"> </div>legal,<div style="display:inline-block;width:6.72px"> </div>regulatory,<div style="display:inline-block;width:7.07px"> </div>contractual,<div style="display:inline-block;width:6.36px"> </div>entity-<div style="display:inline-block;width:6.78px"> </div>or<div style="display:inline-block;width:6.67px"> </div>country-specific<div style="display:inline-block;width:6.86px"> </div>arrangements<div style="display:inline-block;width:7.14px"> </div>and<div style="display:inline-block;width:7.13px"> </div>/<div style="display:inline-block;width:6.72px"> </div>or </div><div id="a178336" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:152.8px;">requirements. </div><div id="a178338" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:165px;">›</div><div id="a178339" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:165.2px;"> </div><div id="a178340" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:169.8px;">Refer to the “Financial<div style="display:inline-block;width:0.92px"> </div>and regulatory key figures<div style="display:inline-block;width:1.06px"> </div>for our significant<div style="display:inline-block;width:1.53px"> </div>regulated subsidiaries<div style="display:inline-block;width:0.82px"> </div>and sub-groups” section<div style="display:inline-block;width:0.9px"> </div>of this report </div><div id="a178348" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:184.5px;">for financial information<div style="display:inline-block;width:1.09px"> </div>about significant<div style="display:inline-block;width:1.16px"> </div>regulated subsidiaries<div style="display:inline-block;width:1.29px"> </div>of UBS AG</div></div> 8962000000 10843000000 <div id="TextBlockContainer1520" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:694px;height:368px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1518_XBRL_TS_24bbf4eb3148484e8085bee502a0b2a7" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1519" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:694px;height:368px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a177996" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Restricted financial assets<div style="display:inline-block;width:3.8px"> </div></div><div id="a178004" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:13.9px;">USD m </div><div id="a178007" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:464.102px;top:13.9px;">31.12.22 </div><div id="a178010" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.048px;top:13.9px;">31.12.21 </div><div id="a178014" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:442.342px;top:74px;">Restricted </div><div id="a178015" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:423.395px;top:85.3px;">financial assets </div><div id="a178017" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:485.382px;top:27.1px;">of which: assets </div><div id="a178018" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:503.862px;top:38.5px;">pledged as </div><div id="a178019" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:493.422px;top:50.3px;">collateral that </div><div id="a178020" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:490.115px;top:62.1px;">may be sold or </div><div id="a178021" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:496.288px;top:74px;">repledged by </div><div id="a178022" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:491.528px;top:85.3px;">counterparties </div><div id="a178025" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.302px;top:74px;">Restricted </div><div id="a178026" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:556.382px;top:85.3px;">financial assets </div><div id="a178028" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:618.835px;top:27.1px;">of which: assets </div><div id="a178029" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:637.275px;top:38.5px;">pledged as </div><div id="a178030" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:626.875px;top:50.3px;">collateral that </div><div id="a178031" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:623.568px;top:62.1px;">may be sold or </div><div id="a178032" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:629.235px;top:74px;">repledged by </div><div id="a178033" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:624.515px;top:85.3px;">counterparties </div><div id="a178035" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:98.5px;">Financial assets pledged as collateral </div><div id="a178044" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:112.7px;">Financial assets at fair value held for trading </div><div id="a178047_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:112.7px;">57,435</div><div id="a178050_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:517.102px;top:112.7px;">36,742</div><div id="a178054_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.755px;top:112.7px;">63,834</div><div id="a178057_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:650.048px;top:112.7px;">43,397</div><div id="a178060" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:126.9px;">Loans and advances to customers</div><div id="a178061" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:125.275px;top:127.6px;">1</div><div id="a178064_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:126.9px;">15,195</div><div id="a178069_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.755px;top:126.9px;">18,160</div><div id="a178073" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:141.6px;">Financial assets at fair value not held for trading </div><div id="a178076_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.528px;top:141.6px;">1,509</div><div id="a178079_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:521.822px;top:141.6px;">1,220</div><div id="a178083_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.582px;top:141.6px;">961</div><div id="a178086_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:661.902px;top:141.6px;">961</div><div id="a178089" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:155.8px;">Debt securities classified as Other financial assets measured<div style="display:inline-block;width:3.93px"> </div>at amortized cost </div><div id="a178093_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.528px;top:155.8px;">3,432</div><div id="a178096_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:521.822px;top:155.8px;">2,685</div><div id="a178100_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.488px;top:155.8px;">2,234</div><div id="a178103_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:654.808px;top:155.8px;">1,870</div><div id="a178106" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:170px;">Total financial assets pledged<div style="display:inline-block;width:3.85px"> </div>as collateral </div><div id="a178109_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:170.9px;">77,571</div><div id="a178114_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.755px;top:170px;">85,188</div><div id="a178125" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:196px;">Other restricted financial assets </div><div id="a178133" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:210.7px;">Loans and advances to banks </div><div id="a178136_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.528px;top:210.7px;">3,689</div><div id="a178141_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.488px;top:210.7px;">3,408</div><div id="a178145" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:224.9px;">Financial assets at fair value held for trading </div><div id="a178148_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:463.622px;top:224.9px;">162</div><div id="a178153_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.582px;top:224.9px;">392</div><div id="a178157" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:239.1px;">Cash collateral receivables on derivative<div style="display:inline-block;width:3.86px"> </div>instruments </div><div id="a178160_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.528px;top:239.1px;">5,155</div><div id="a178165_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.488px;top:239.1px;">4,747</div><div id="a178169" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:253.7px;">Loans and advances to customers </div><div id="a178172_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.528px;top:253.7px;">1,127</div><div id="a178177_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.488px;top:253.7px;">1,237</div><div id="a178181" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:267.9px;">Financial assets at fair value not held for trading </div><div id="a178185_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:267.9px;">14,090</div><div id="a178190_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.755px;top:267.9px;">22,328</div><div id="a178194" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:282.1px;">Financial assets measured at fair value through<div style="display:inline-block;width:4.15px"> </div>other comprehensive income </div><div id="a178197_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:456.528px;top:282.1px;">1,842</div><div id="a178202_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.582px;top:282.1px;">894</div><div id="a178206" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:296.8px;">Other </div><div id="a178209_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:463.622px;top:297.3px;">859</div><div id="a178214_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:601.808px;top:296.8px;">97</div><div id="a178218" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:310px;">Total other restricted<div style="display:inline-block;width:3.87px"> </div>financial assets<div style="display:inline-block;width:2.74px"> </div></div><div id="a178221_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:311px;">26,924</div><div id="a178226_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.755px;top:310px;">33,104</div><div id="a178230" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:324.7px;">Total financial assets pledged<div style="display:inline-block;width:3.85px"> </div>and other restricted financial assets</div><div id="a178232" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:242.182px;top:325.3px;">2</div><div id="a178235_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:447.075px;top:325.2px;">104,495</div><div id="a178240_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.022px;top:324.7px;">118,292</div><div id="a178244" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:338.8px;">1 Mainly related to mortgage<div style="display:inline-block;width:3.65px"> </div>loans that serve as collateral<div style="display:inline-block;width:3.94px"> </div>for existing liabilities toward<div style="display:inline-block;width:4.23px"> </div>Swiss central mortgage<div style="display:inline-block;width:3.62px"> </div>institutions and for existing<div style="display:inline-block;width:3.93px"> </div>covered bond issuances.<div style="display:inline-block;width:3.78px"> </div>Of these pledged<div style="display:inline-block;width:3.63px"> </div>mortgage loans, approximately </div><div id="a178246" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:349.2px;">USD </div><div id="a178246_4_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.812px;top:349.2px;">3.1</div><div id="a178246_7_63" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:29.216px;top:349.2px;">bn as of<div style="display:inline-block;width:3.48px"> </div>31 December 2022<div style="display:inline-block;width:4.33px"> </div>(31 December<div style="display:inline-block;width:3.49px"> </div>2021: approximately<div style="display:inline-block;width:4.22px"> </div>USD </div><div id="a178246_70_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:251.635px;top:349.2px;">2.7</div><div id="a178246_73_137" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:262.512px;top:349.2px;">bn) could be<div style="display:inline-block;width:3.63px"> </div>withdrawn<div style="display:inline-block;width:3.47px"> </div>or used for<div style="display:inline-block;width:3.46px"> </div>future liabilities<div style="display:inline-block;width:3.93px"> </div>or covered bond<div style="display:inline-block;width:3.89px"> </div>issuances without<div style="display:inline-block;width:3.62px"> </div>breaching existing<div style="display:inline-block;width:3.47px"> </div>collateral<div style="display:inline-block;width:3.62px"> </div>requirements.<div style="display:inline-block;width:11.35px"> </div></div><div id="a178252" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:359.1px;">2 Does not include assets placed<div style="display:inline-block;width:3.65px"> </div>with central banks related<div style="display:inline-block;width:3.49px"> </div>to undrawn credit lines<div style="display:inline-block;width:3.79px"> </div>and for payment, clearing<div style="display:inline-block;width:3.49px"> </div>and settlement purposes<div style="display:inline-block;width:3.72px"> </div>(31 December 2022:<div style="display:inline-block;width:3.4px"> </div>USD </div><div id="a178252_157_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:511.422px;top:359.1px;">5.9</div><div id="a178252_160_26" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:522.298px;top:359.1px;">bn; 31 December 2021:<div style="display:inline-block;width:3.6px"> </div>USD </div><div id="a178252_186_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:614.581px;top:359.1px;">4.4</div><div id="a178252_189_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:625.458px;top:359.1px;">bn).</div></div></div></div> 57435000000 36742000000 63834000000 43397000000 15195000000 18160000000 1509000000 1220000000 961000000 961000000 3432000000 2685000000 2234000000 1870000000 77571000000 85188000000 3689000000 3408000000 162000000 392000000 5155000000 4747000000 1127000000 1237000000 14090000000 22328000000 1842000000 894000000 859000000 97000000 26924000000 33104000000 104495000000 118292000000 3100000000 2700000000 5900000000 4400000000 <div id="TextBlockContainer1524" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:56px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a178357" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">b) Transferred financial assets that are<div style="display:inline-block;width:5.15px"> </div>not derecognized in their<div style="display:inline-block;width:5.23px"> </div>entirety </div><div id="a178362" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.3px;">The<div style="display:inline-block;width:6.35px"> </div>table<div style="display:inline-block;width:6.09px"> </div>below<div style="display:inline-block;width:6.55px"> </div>presents<div style="display:inline-block;width:6.58px"> </div>information<div style="display:inline-block;width:7.08px"> </div>for<div style="display:inline-block;width:6.21px"> </div>financial<div style="display:inline-block;width:6.38px"> </div>assets<div style="display:inline-block;width:6.65px"> </div>that<div style="display:inline-block;width:6.52px"> </div>have<div style="display:inline-block;width:6.15px"> </div>been<div style="display:inline-block;width:6.55px"> </div>transferred<div style="display:inline-block;width:7.02px"> </div>but<div style="display:inline-block;width:6.4px"> </div>are<div style="display:inline-block;width:6.23px"> </div>subject<div style="display:inline-block;width:7.09px"> </div>to<div style="display:inline-block;width:6.2px"> </div>continued </div><div id="a178369" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.9px;">recognition in full, as well as recognized<div style="display:inline-block;width:5.83px"> </div>liabilities associated with those transferred<div style="display:inline-block;width:5.41px"> </div>assets.</div></div><div id="TextBlockContainer1527" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:195px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a178372" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Transferred<div style="display:inline-block;width:4.22px"> </div>financial assets subject to continued recognition<div style="display:inline-block;width:4.46px"> </div>in full<div style="display:inline-block;width:3.42px"> </div></div><div id="a178374" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:15.8px;">USD m </div><div id="a178377" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:418.195px;top:15.8px;">31.12.22 </div><div id="a178380" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.288px;top:15.8px;">31.12.21 </div><div id="a178384" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:361.422px;top:41.3px;">Carrying amount </div><div id="a178386" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:373.235px;top:53.1px;">of transferred </div><div id="a178387" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:400.222px;top:65px;">assets </div><div id="a178389" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:441.875px;top:29.9px;">Carrying amount of<div style="display:inline-block;width:3.01px"> </div></div><div id="a178391" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:439.955px;top:41.3px;">associated liabilities<div style="display:inline-block;width:3.06px"> </div></div><div id="a178393" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:472.608px;top:53.1px;">recognized<div style="display:inline-block;width:2.66px"> </div></div><div id="a178395" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:450.382px;top:65px;">on balance sheet </div><div id="a178398" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:527.982px;top:41.3px;">Carrying amount </div><div id="a178399" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:53.1px;">of transferred </div><div id="a178400" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.315px;top:65px;">assets </div><div id="a178402" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:608.435px;top:29.9px;">Carrying amount of<div style="display:inline-block;width:3.01px"> </div></div><div id="a178404" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:606.542px;top:41.3px;">associated liabilities<div style="display:inline-block;width:3.03px"> </div></div><div id="a178406" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:638.702px;top:53.1px;">recognized<div style="display:inline-block;width:2.65px"> </div></div><div id="a178408" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.942px;top:65px;">on balance sheet </div><div id="a178410" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:77.7px;">Financial assets at fair value held for trading that<div style="display:inline-block;width:4.21px"> </div>may be sold or repledged by counterparties </div><div id="a178413_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:395.968px;top:77.7px;">36,742</div><div id="a178416_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:485.848px;top:77.7px;">16,470</div><div id="a178420_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:77.7px;">43,397</div><div id="a178423_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:77.7px;">17,687</div><div id="a178426" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:92.4px;">relating to securities lending and repurchase agreements in exchange<div style="display:inline-block;width:3.92px"> </div>for cash received </div><div id="a178429_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:395.968px;top:92.4px;">16,756</div><div id="a178432_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:485.848px;top:92.4px;">16,470</div><div id="a178436_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:562.062px;top:92.4px;">17,970</div><div id="a178439_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:92.4px;">17,687</div><div id="a178442" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:106.6px;">relating to securities lending agreements in exchange for<div style="display:inline-block;width:3.9px"> </div>securities received </div><div id="a178445_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:395.968px;top:106.6px;">18,908</div><div id="a178450_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:562.062px;top:106.6px;">24,146</div><div id="a178454" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:120.8px;">relating to other financial asset transfers </div><div id="a178457_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:400.702px;top:120.8px;">1,078</div><div id="a178462_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:566.782px;top:120.8px;">1,281</div><div id="a178466" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:134.5px;">Financial assets at fair value not held for trading<div style="display:inline-block;width:3.93px"> </div>that may be sold or repledged<div style="display:inline-block;width:3.7px"> </div>by </div><div id="a178468" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:146.3px;">counterparties </div><div id="a178471_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:400.702px;top:146.3px;">1,220</div><div id="a178474_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:490.582px;top:146.3px;">1,050</div><div id="a178478_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.875px;top:146.3px;">961</div><div id="a178481_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:146.3px;">898</div><div id="a178484" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:159.1px;">Debt securities classified as Other financial assets measured<div style="display:inline-block;width:3.93px"> </div>at amortized cost that may be </div><div id="a178485" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:170.9px;">sold or repledged by counterparties </div><div id="a178488_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:400.702px;top:170.9px;">2,685</div><div id="a178491_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:490.582px;top:170.9px;">2,302</div><div id="a178495_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:170.9px;">1,870</div><div id="a178498_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:170.9px;">1,725</div><div id="a178501" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:184.7px;">Total financial assets transferred </div><div id="a178505_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:395.968px;top:184.7px;">40,647</div><div id="a178508_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:485.848px;top:184.7px;">19,822</div><div id="a178512_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:184.7px;">46,227</div><div id="a178515_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:184.7px;">20,311</div></div><div id="TextBlockContainer1530" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:349px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a178521" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Transactions<div style="display:inline-block;width:5.09px"> </div>in which financial assets<div style="display:inline-block;width:2.24px"> </div>are transferred, but continue to be<div style="display:inline-block;width:1.96px"> </div>recognized in their entirety<div style="display:inline-block;width:2.16px"> </div>on UBS AG’s balance </div><div id="a178525" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">sheet include<div style="display:inline-block;width:6.07px"> </div>securities lending<div style="display:inline-block;width:6.44px"> </div>and<div style="display:inline-block;width:5.13px"> </div>repurchase<div style="display:inline-block;width:5.35px"> </div>agreements,<div style="display:inline-block;width:5.07px"> </div>as well<div style="display:inline-block;width:5.72px"> </div>as other<div style="display:inline-block;width:5.93px"> </div>financial asset<div style="display:inline-block;width:5.46px"> </div>transfers. Repurchase<div style="display:inline-block;width:6.79px"> </div>and </div><div id="a178526" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">securities lending arrangements<div style="display:inline-block;width:1.85px"> </div>are, for the<div style="display:inline-block;width:2.24px"> </div>most part,<div style="display:inline-block;width:1.94px"> </div>conducted under standard market<div style="display:inline-block;width:2.13px"> </div>agreements and are undertaken </div><div id="a178529" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.9px;">with counterparties subject to UBS<div style="display:inline-block;width:5.18px"> </div>AG’s normal credit risk control<div style="display:inline-block;width:5.19px"> </div>processes.<div style="display:inline-block;width:4.93px"> </div></div><div id="a178535" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:58.1px;">›</div><div id="a178536" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:58.3px;"> </div><div id="a178537" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:62.9px;">Refer to Note 1a<div style="display:inline-block;width:1.57px"> </div>item 2e for more information<div style="display:inline-block;width:0.2px"> </div>about repurchase and securities<div style="display:inline-block;width:0.74px"> </div>lending agreements </div><div id="a178542" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:83.7px;">As of 31 December 2022,<div style="display:inline-block;width:5.24px"> </div>approximately </div><div id="a178542_38_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:238.617px;top:83.7px;">45</div><div id="a178542_40_79" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:253.818px;top:83.7px;">% of the transferred financial assets were<div style="display:inline-block;width:5.29px"> </div>assets held for trading transferred </div><div id="a178550" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:98.9px;">in<div style="display:inline-block;width:7.66px"> </div>exchange<div style="display:inline-block;width:7.77px"> </div>for<div style="display:inline-block;width:7.94px"> </div>cash,<div style="display:inline-block;width:7.72px"> </div>in<div style="display:inline-block;width:7.66px"> </div>which<div style="display:inline-block;width:7.77px"> </div>case<div style="display:inline-block;width:7.89px"> </div>the<div style="display:inline-block;width:7.62px"> </div>associated<div style="display:inline-block;width:8.08px"> </div>recognized </div><div id="a178551" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:398.618px;top:98.9px;">liability</div><div id="a178552" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:437.872px;top:98.9px;"> </div><div id="a178553" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:445.432px;top:98.9px;">represents<div style="display:inline-block;width:8.09px"> </div>the<div style="display:inline-block;width:7.62px"> </div>amount<div style="display:inline-block;width:7.87px"> </div>to<div style="display:inline-block;width:7.62px"> </div>be<div style="display:inline-block;width:7.77px"> </div>repaid<div style="display:inline-block;width:7.95px"> </div>to </div><div id="a178554" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:114px;">counterparties. For securities lending and repurchase agreements, a haircut of<div style="display:inline-block;width:2.24px"> </div>between </div><div id="a178554_87_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:498.397px;top:114px;">0</div><div id="a178554_88_6" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:505.963px;top:114px;">% and </div><div id="a178554_94_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:547.106px;top:114px;">15</div><div id="a178554_96_23" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:562.239px;top:114px;">% is generally<div style="display:inline-block;width:1.98px"> </div>applied </div><div id="a178563" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:129.2px;">to the transferred<div style="display:inline-block;width:5.91px"> </div>assets, which<div style="display:inline-block;width:5.73px"> </div>results in<div style="display:inline-block;width:5.53px"> </div>associated liabilities<div style="display:inline-block;width:5.77px"> </div>having<div style="display:inline-block;width:5.03px"> </div>a carrying<div style="display:inline-block;width:5.37px"> </div>amount<div style="display:inline-block;width:5.03px"> </div>below the<div style="display:inline-block;width:5.29px"> </div>carrying amount<div style="display:inline-block;width:5.67px"> </div>of </div><div id="a178566" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:144.8px;">the transferred<div style="display:inline-block;width:5.28px"> </div>assets. The<div style="display:inline-block;width:5.13px"> </div>counterparties to<div style="display:inline-block;width:5.29px"> </div>the associated<div style="display:inline-block;width:5.4px"> </div>liabilities presented<div style="display:inline-block;width:5.84px"> </div>in the table<div style="display:inline-block;width:5.5px"> </div>above have<div style="display:inline-block;width:5.04px"> </div>full recourse<div style="display:inline-block;width:5.33px"> </div>to </div><div id="a178567" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:159.9px;">UBS AG. </div><div id="a178572" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:183.1px;">In securities lending<div style="display:inline-block;width:6.64px"> </div>arrangements entered<div style="display:inline-block;width:5.69px"> </div>into in<div style="display:inline-block;width:5.08px"> </div>exchange for<div style="display:inline-block;width:5.88px"> </div>the receipt<div style="display:inline-block;width:5.18px"> </div>of other<div style="display:inline-block;width:5.93px"> </div>securities as<div style="display:inline-block;width:5.41px"> </div>collateral, neither<div style="display:inline-block;width:5.73px"> </div>the </div><div id="a178573" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:198.2px;">securities received nor the obligation to return<div style="display:inline-block;width:5.08px"> </div>them are recognized on UBS AG’s balance sheet, as the risks and rewards </div><div id="a178577" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:213.4px;">of<div style="display:inline-block;width:5.72px"> </div>ownership<div style="display:inline-block;width:6.41px"> </div>are<div style="display:inline-block;width:5.29px"> </div>not<div style="display:inline-block;width:5.93px"> </div>transferred<div style="display:inline-block;width:5.6px"> </div>to<div style="display:inline-block;width:5.72px"> </div>UBS<div style="display:inline-block;width:5.68px"> </div>AG.<div style="display:inline-block;width:5.84px"> </div>In<div style="display:inline-block;width:5.3px"> </div>cases<div style="display:inline-block;width:5.57px"> </div>where<div style="display:inline-block;width:6.07px"> </div>such<div style="display:inline-block;width:5.45px"> </div>financial<div style="display:inline-block;width:5.41px"> </div>assets<div style="display:inline-block;width:5.67px"> </div>received<div style="display:inline-block;width:5.45px"> </div>are<div style="display:inline-block;width:5.76px"> </div>subsequently<div style="display:inline-block;width:6.32px"> </div>sold<div style="display:inline-block;width:5.55px"> </div>or </div><div id="a178582" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:228.5px;">repledged in another transaction<div style="display:inline-block;width:1.52px"> </div>,<div style="display:inline-block;width:3.88px"> </div>this is not considered to be a transfer of financial<div style="display:inline-block;width:5.22px"> </div>assets. </div><div id="a178588" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:251.7px;">Other financial asset transfers primarily include securities transferred to collateralize derivative transactions, for which the </div><div id="a178590" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:266.8px;">carrying amount of<div style="display:inline-block;width:1.63px"> </div>associated liabilities is<div style="display:inline-block;width:1.56px"> </div>not provided in<div style="display:inline-block;width:2.09px"> </div>the table<div style="display:inline-block;width:1.99px"> </div>above,<div style="display:inline-block;width:3.33px"> </div>because those replacement<div style="display:inline-block;width:2.06px"> </div>values are<div style="display:inline-block;width:2.03px"> </div>managed </div><div id="a178597" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:282px;">on<div style="display:inline-block;width:5.13px"> </div>a portfolio<div style="display:inline-block;width:5.45px"> </div>basis across<div style="display:inline-block;width:5.69px"> </div>counterparties and<div style="display:inline-block;width:6.12px"> </div>product types,<div style="display:inline-block;width:6.07px"> </div>and therefore<div style="display:inline-block;width:5.51px"> </div>there is<div style="display:inline-block;width:5.39px"> </div>no direct<div style="display:inline-block;width:5.54px"> </div>relationship<div style="display:inline-block;width:5.21px"> </div>between<div style="display:inline-block;width:5.08px"> </div>the </div><div id="a178600" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:297.6px;">specific collateral pledged and<div style="display:inline-block;width:5.49px"> </div>the associated liability. </div><div id="a178602" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:320.3px;">Transferred financial assets that are not<div style="display:inline-block;width:5.21px"> </div>subject to derecognition<div style="display:inline-block;width:5.24px"> </div>in full but remain on the balance<div style="display:inline-block;width:5.18px"> </div>sheet to the extent of </div><div id="a178606" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:335.4px;">UBS AG’s continuing<div style="display:inline-block;width:5.26px"> </div>involvement were not material as of 31 December 2022<div style="display:inline-block;width:5.92px"> </div>and as of 31 December 2021.</div></div> <div id="TextBlockContainer1528" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:195px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1526_XBRL_TS_2f5d1ef3fba24bf4ba3041c7e1910978" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1527" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:195px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a178372" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Transferred<div style="display:inline-block;width:4.22px"> </div>financial assets subject to continued recognition<div style="display:inline-block;width:4.46px"> </div>in full<div style="display:inline-block;width:3.42px"> </div></div><div id="a178374" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:15.8px;">USD m </div><div id="a178377" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:418.195px;top:15.8px;">31.12.22 </div><div id="a178380" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.288px;top:15.8px;">31.12.21 </div><div id="a178384" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:361.422px;top:41.3px;">Carrying amount </div><div id="a178386" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:373.235px;top:53.1px;">of transferred </div><div id="a178387" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:400.222px;top:65px;">assets </div><div id="a178389" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:441.875px;top:29.9px;">Carrying amount of<div style="display:inline-block;width:3.01px"> </div></div><div id="a178391" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:439.955px;top:41.3px;">associated liabilities<div style="display:inline-block;width:3.06px"> </div></div><div id="a178393" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:472.608px;top:53.1px;">recognized<div style="display:inline-block;width:2.66px"> </div></div><div id="a178395" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:450.382px;top:65px;">on balance sheet </div><div id="a178398" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:527.982px;top:41.3px;">Carrying amount </div><div id="a178399" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:53.1px;">of transferred </div><div id="a178400" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.315px;top:65px;">assets </div><div id="a178402" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:608.435px;top:29.9px;">Carrying amount of<div style="display:inline-block;width:3.01px"> </div></div><div id="a178404" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:606.542px;top:41.3px;">associated liabilities<div style="display:inline-block;width:3.03px"> </div></div><div id="a178406" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:638.702px;top:53.1px;">recognized<div style="display:inline-block;width:2.65px"> </div></div><div id="a178408" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.942px;top:65px;">on balance sheet </div><div id="a178410" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:77.7px;">Financial assets at fair value held for trading that<div style="display:inline-block;width:4.21px"> </div>may be sold or repledged by counterparties </div><div id="a178413_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:395.968px;top:77.7px;">36,742</div><div id="a178416_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:485.848px;top:77.7px;">16,470</div><div id="a178420_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:77.7px;">43,397</div><div id="a178423_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:77.7px;">17,687</div><div id="a178426" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:92.4px;">relating to securities lending and repurchase agreements in exchange<div style="display:inline-block;width:3.92px"> </div>for cash received </div><div id="a178429_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:395.968px;top:92.4px;">16,756</div><div id="a178432_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:485.848px;top:92.4px;">16,470</div><div id="a178436_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:562.062px;top:92.4px;">17,970</div><div id="a178439_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:92.4px;">17,687</div><div id="a178442" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:106.6px;">relating to securities lending agreements in exchange for<div style="display:inline-block;width:3.9px"> </div>securities received </div><div id="a178445_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:395.968px;top:106.6px;">18,908</div><div id="a178450_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:562.062px;top:106.6px;">24,146</div><div id="a178454" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:120.8px;">relating to other financial asset transfers </div><div id="a178457_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:400.702px;top:120.8px;">1,078</div><div id="a178462_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:566.782px;top:120.8px;">1,281</div><div id="a178466" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:134.5px;">Financial assets at fair value not held for trading<div style="display:inline-block;width:3.93px"> </div>that may be sold or repledged<div style="display:inline-block;width:3.7px"> </div>by </div><div id="a178468" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:146.3px;">counterparties </div><div id="a178471_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:400.702px;top:146.3px;">1,220</div><div id="a178474_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:490.582px;top:146.3px;">1,050</div><div id="a178478_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.875px;top:146.3px;">961</div><div id="a178481_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:146.3px;">898</div><div id="a178484" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:159.1px;">Debt securities classified as Other financial assets measured<div style="display:inline-block;width:3.93px"> </div>at amortized cost that may be </div><div id="a178485" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:170.9px;">sold or repledged by counterparties </div><div id="a178488_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:400.702px;top:170.9px;">2,685</div><div id="a178491_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:490.582px;top:170.9px;">2,302</div><div id="a178495_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:170.9px;">1,870</div><div id="a178498_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:170.9px;">1,725</div><div id="a178501" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:184.7px;">Total financial assets transferred </div><div id="a178505_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:395.968px;top:184.7px;">40,647</div><div id="a178508_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:485.848px;top:184.7px;">19,822</div><div id="a178512_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:184.7px;">46,227</div><div id="a178515_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:184.7px;">20,311</div></div></div></div> 36742000000 16470000000 43397000000 17687000000 16756000000 16470000000 17970000000 17687000000 18908000000 24146000000 1078000000 1281000000 1220000000 1050000000 961000000 898000000 2685000000 2302000000 1870000000 1725000000 40647000000 19822000000 46227000000 20311000000 0.45 0 0.15 <div id="TextBlockContainer1532" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:125px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a178659" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">c) Transferred financial assets that<div style="display:inline-block;width:5.27px"> </div>are derecognized in their entirety<div style="display:inline-block;width:5.48px"> </div>with continuing involvement </div><div id="a178664" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.8px;">Continuing involvement<div style="display:inline-block;width:5.05px"> </div>in a transferred<div style="display:inline-block;width:5.43px"> </div>and fully derecognized<div style="display:inline-block;width:6.04px"> </div>financial asset may result<div style="display:inline-block;width:5.39px"> </div>from contractual provisions<div style="display:inline-block;width:6.09px"> </div>in </div><div id="a178665" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.9px;">the particular transfer<div style="display:inline-block;width:5.58px"> </div>agreement or<div style="display:inline-block;width:5.54px"> </div>from a separate<div style="display:inline-block;width:5.81px"> </div>agreement, with<div style="display:inline-block;width:5.87px"> </div>the counterparty<div style="display:inline-block;width:5.15px"> </div>or a<div style="display:inline-block;width:5.36px"> </div>third party,<div style="display:inline-block;width:5.13px"> </div>entered into<div style="display:inline-block;width:5.32px"> </div>in </div><div id="a178667" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:58.5px;">connection with the transfer.<div style="display:inline-block;width:5.13px"> </div></div><div id="a178669" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:81.2px;">The fair<div style="display:inline-block;width:5.1px"> </div>value and<div style="display:inline-block;width:5.13px"> </div>carrying amount<div style="display:inline-block;width:5.2px"> </div>of UBS<div style="display:inline-block;width:5.4px"> </div>AG’s continuing<div style="display:inline-block;width:5.68px"> </div>involvement from<div style="display:inline-block;width:5.45px"> </div>transferred positions<div style="display:inline-block;width:5.78px"> </div>as of<div style="display:inline-block;width:5.15px"> </div>31 December </div><div id="a178674" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:96.3px;">2022<div style="display:inline-block;width:5.57px"> </div>and 31<div style="display:inline-block;width:6.12px"> </div>December 2021<div style="display:inline-block;width:6.5px"> </div>was not<div style="display:inline-block;width:6.18px"> </div>material.<div style="display:inline-block;width:5.11px"> </div>Life-to-date losses<div style="display:inline-block;width:6.26px"> </div>reported<div style="display:inline-block;width:5.12px"> </div>in prior<div style="display:inline-block;width:6.34px"> </div>periods<div style="display:inline-block;width:5.13px"> </div>primarily relate<div style="display:inline-block;width:6.73px"> </div>to legacy </div><div id="a178686" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:111.5px;">positions in securitization vehicles that have been<div style="display:inline-block;width:5.41px"> </div>fully marked down,<div style="display:inline-block;width:5.29px"> </div>with no remaining exposure to<div style="display:inline-block;width:5.1px"> </div>loss.</div></div> <div id="TextBlockContainer1534" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:56px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a178690" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">d) Off-balance sheet assets received </div><div id="a178697" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.8px;">The table below presents assets received from third<div style="display:inline-block;width:5.17px"> </div>parties that can be sold or repledged and that are not recognized on </div><div id="a178699" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.9px;">the balance sheet, but that are held<div style="display:inline-block;width:5.29px"> </div>as collateral, including<div style="display:inline-block;width:5.12px"> </div>amounts that have been sold or repledged.</div></div><div id="TextBlockContainer1538" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:183px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1536_XBRL_TS_9bfe97db46eb435e914e9844d48ca7ec" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1537" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:183px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a178704" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Off-balance sheet assets received </div><div id="a178710" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:17.7px;">USD m </div><div id="a178712" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:584.288px;top:17.7px;">31.12.22 </div><div id="a178714" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.315px;top:17.7px;">31.12.21 </div><div id="a178716" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:33.3px;">Fair value of assets received that can<div style="display:inline-block;width:3.84px"> </div>be sold or repledged </div><div id="a178719_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:586.648px;top:33.3px;">434,023</div><div id="a178722_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.688px;top:33.3px;">497,828</div><div id="a178725" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:48px;">received as collateral under reverse repurchase,<div style="display:inline-block;width:4.22px"> </div>securities borrowing<div style="display:inline-block;width:3.18px"> </div></div><div id="a178727" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:59.3px;">and lending arrangements, derivative and<div style="display:inline-block;width:3.8px"> </div>other transactions</div><div id="a178728" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:234.142px;top:59.9px;"><div style="display:inline-block;width:1.41px"> </div>1</div><div id="a178731_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:586.648px;top:59.3px;">418,847</div><div id="a178734_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:647.688px;top:59.3px;">483,426</div><div id="a178737" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:74.4px;">received in unsecured borrowings </div><div id="a178740_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:591.382px;top:74.4px;">15,175</div><div id="a178743_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:652.448px;top:74.4px;">14,402</div><div id="a178746" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:90px;">Thereof sold or repledged</div><div id="a178747" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:96.902px;top:90.7px;"><div style="display:inline-block;width:1.43px"> </div>2</div><div id="a178750_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:586.648px;top:90px;">331,805</div><div id="a178753_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.688px;top:90px;">367,440</div><div id="a178756" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:106.1px;">in connection with financing activities </div><div id="a178758_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:586.648px;top:106.1px;">288,752</div><div id="a178761_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:647.688px;top:106.1px;">319,176</div><div id="a178764" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:122.7px;">to satisfy commitments under short sale transactions </div><div id="a178766_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:591.382px;top:122.7px;">29,515</div><div id="a178769_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:652.448px;top:122.7px;">31,688</div><div id="a178772" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:138.8px;">in connection with derivative and other<div style="display:inline-block;width:4.01px"> </div>transactions</div><div id="a178774" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:203.848px;top:139.4px;"><div style="display:inline-block;width:1.41px"> </div>1</div><div id="a178777_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:591.382px;top:138.8px;">13,538</div><div id="a178780_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:652.448px;top:138.8px;">16,575</div><div id="a178783" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:154.3px;">1 Includes<div style="display:inline-block;width:3.64px"> </div>securities received<div style="display:inline-block;width:4.09px"> </div>as initial<div style="display:inline-block;width:3.94px"> </div>margin from<div style="display:inline-block;width:3.61px"> </div>its clients<div style="display:inline-block;width:3.46px"> </div>that UBS<div style="display:inline-block;width:3.95px"> </div>AG is<div style="display:inline-block;width:3.46px"> </div>required to<div style="display:inline-block;width:3.94px"> </div>remit to<div style="display:inline-block;width:3.61px"> </div>central counterparties,<div style="display:inline-block;width:5.3px"> </div>brokers<div style="display:inline-block;width:3.46px"> </div>and deposit<div style="display:inline-block;width:3.94px"> </div>banks through<div style="display:inline-block;width:3.94px"> </div>its exchange<div style="display:inline-block;width:1.38px"> </div>-traded derivative<div style="display:inline-block;width:4.55px"> </div>clearing and<div style="display:inline-block;width:3.64px"> </div>execution </div><div id="a178788" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:164.2px;">services.<div style="display:inline-block;width:8.98px"> </div>2 Does not include<div style="display:inline-block;width:3.63px"> </div>off-balance sheet<div style="display:inline-block;width:3.39px"> </div>securities (31 December<div style="display:inline-block;width:3.65px"> </div>2022: USD </div><div id="a178788_84_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:270.456px;top:164.2px;">9.9</div><div id="a178788_87_26" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:281.333px;top:164.2px;">bn; 31 December 2021:<div style="display:inline-block;width:4.04px"> </div>USD </div><div id="a178788_113_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:374.022px;top:164.2px;">12.7</div><div id="a178788_117_92" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:388.682px;top:164.2px;">bn) placed with central<div style="display:inline-block;width:3.96px"> </div>banks related to undrawn<div style="display:inline-block;width:4.53px"> </div>credit lines and for<div style="display:inline-block;width:3.48px"> </div>payment, clearing and </div><div id="a178792" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:174.6px;">settlement purposes for which there<div style="display:inline-block;width:3.78px"> </div>are no associated liabilities<div style="display:inline-block;width:3.88px"> </div>or contingent liabilities.</div></div></div></div> <div id="TextBlockContainer1537" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:183px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a178704" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Off-balance sheet assets received </div><div id="a178710" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:17.7px;">USD m </div><div id="a178712" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:584.288px;top:17.7px;">31.12.22 </div><div id="a178714" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.315px;top:17.7px;">31.12.21 </div><div id="a178716" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:33.3px;">Fair value of assets received that can<div style="display:inline-block;width:3.84px"> </div>be sold or repledged </div><div id="a178719_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:586.648px;top:33.3px;">434,023</div><div id="a178722_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.688px;top:33.3px;">497,828</div><div id="a178725" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:48px;">received as collateral under reverse repurchase,<div style="display:inline-block;width:4.22px"> </div>securities borrowing<div style="display:inline-block;width:3.18px"> </div></div><div id="a178727" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:59.3px;">and lending arrangements, derivative and<div style="display:inline-block;width:3.8px"> </div>other transactions</div><div id="a178728" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:234.142px;top:59.9px;"><div style="display:inline-block;width:1.41px"> </div>1</div><div id="a178731_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:586.648px;top:59.3px;">418,847</div><div id="a178734_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:647.688px;top:59.3px;">483,426</div><div id="a178737" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:74.4px;">received in unsecured borrowings </div><div id="a178740_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:591.382px;top:74.4px;">15,175</div><div id="a178743_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:652.448px;top:74.4px;">14,402</div><div id="a178746" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:90px;">Thereof sold or repledged</div><div id="a178747" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:96.902px;top:90.7px;"><div style="display:inline-block;width:1.43px"> </div>2</div><div id="a178750_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:586.648px;top:90px;">331,805</div><div id="a178753_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.688px;top:90px;">367,440</div><div id="a178756" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:106.1px;">in connection with financing activities </div><div id="a178758_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:586.648px;top:106.1px;">288,752</div><div id="a178761_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:647.688px;top:106.1px;">319,176</div><div id="a178764" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:122.7px;">to satisfy commitments under short sale transactions </div><div id="a178766_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:591.382px;top:122.7px;">29,515</div><div id="a178769_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:652.448px;top:122.7px;">31,688</div><div id="a178772" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:138.8px;">in connection with derivative and other<div style="display:inline-block;width:4.01px"> </div>transactions</div><div id="a178774" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:203.848px;top:139.4px;"><div style="display:inline-block;width:1.41px"> </div>1</div><div id="a178777_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:591.382px;top:138.8px;">13,538</div><div id="a178780_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:652.448px;top:138.8px;">16,575</div><div id="a178783" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:154.3px;">1 Includes<div style="display:inline-block;width:3.64px"> </div>securities received<div style="display:inline-block;width:4.09px"> </div>as initial<div style="display:inline-block;width:3.94px"> </div>margin from<div style="display:inline-block;width:3.61px"> </div>its clients<div style="display:inline-block;width:3.46px"> </div>that UBS<div style="display:inline-block;width:3.95px"> </div>AG is<div style="display:inline-block;width:3.46px"> </div>required to<div style="display:inline-block;width:3.94px"> </div>remit to<div style="display:inline-block;width:3.61px"> </div>central counterparties,<div style="display:inline-block;width:5.3px"> </div>brokers<div style="display:inline-block;width:3.46px"> </div>and deposit<div style="display:inline-block;width:3.94px"> </div>banks through<div style="display:inline-block;width:3.94px"> </div>its exchange<div style="display:inline-block;width:1.38px"> </div>-traded derivative<div style="display:inline-block;width:4.55px"> </div>clearing and<div style="display:inline-block;width:3.64px"> </div>execution </div><div id="a178788" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:164.2px;">services.<div style="display:inline-block;width:8.98px"> </div>2 Does not include<div style="display:inline-block;width:3.63px"> </div>off-balance sheet<div style="display:inline-block;width:3.39px"> </div>securities (31 December<div style="display:inline-block;width:3.65px"> </div>2022: USD </div><div id="a178788_84_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:270.456px;top:164.2px;">9.9</div><div id="a178788_87_26" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:281.333px;top:164.2px;">bn; 31 December 2021:<div style="display:inline-block;width:4.04px"> </div>USD </div><div id="a178788_113_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:374.022px;top:164.2px;">12.7</div><div id="a178788_117_92" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:388.682px;top:164.2px;">bn) placed with central<div style="display:inline-block;width:3.96px"> </div>banks related to undrawn<div style="display:inline-block;width:4.53px"> </div>credit lines and for<div style="display:inline-block;width:3.48px"> </div>payment, clearing and </div><div id="a178792" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:174.6px;">settlement purposes for which there<div style="display:inline-block;width:3.78px"> </div>are no associated liabilities<div style="display:inline-block;width:3.88px"> </div>or contingent liabilities.</div></div> 434023000000 497828000000 418847000000 483426000000 15175000000 14402000000 331805000000 367440000000 288752000000 319176000000 29515000000 31688000000 13538000000 16575000000 9900000000 12700000000 <div id="TextBlockContainer1540" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:338px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a178799" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 23<div style="display:inline-block;width:8.2px"> </div>Maturity analysis of assets and liabilities </div><div id="a178805" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:16.9px;"> </div><div id="a178806" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:4.905px;top:29.8px;">a) Maturity analysis of carrying<div style="display:inline-block;width:5.32px"> </div>amounts of assets and liabilities </div><div id="a178808" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:57.1px;">The table<div style="display:inline-block;width:5.93px"> </div>below<div style="display:inline-block;width:5.13px"> </div>provides<div style="display:inline-block;width:5.16px"> </div>an analysis<div style="display:inline-block;width:5.4px"> </div>of carrying<div style="display:inline-block;width:5.89px"> </div>amounts<div style="display:inline-block;width:5.08px"> </div>of balance<div style="display:inline-block;width:5.45px"> </div>sheet assets<div style="display:inline-block;width:5.87px"> </div>and<div style="display:inline-block;width:5.13px"> </div>liabilities, as<div style="display:inline-block;width:5.4px"> </div>well as<div style="display:inline-block;width:5.72px"> </div>off-balance </div><div id="a178811" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:72.7px;">sheet<div style="display:inline-block;width:5.3px"> </div>exposures<div style="display:inline-block;width:5.79px"> </div>by<div style="display:inline-block;width:5.2px"> </div>residual<div style="display:inline-block;width:5.53px"> </div>contractual<div style="display:inline-block;width:5.48px"> </div>maturity<div style="display:inline-block;width:5.43px"> </div>as<div style="display:inline-block;width:5.25px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.3px"> </div>reporting<div style="display:inline-block;width:5.72px"> </div>date.<div style="display:inline-block;width:5.36px"> </div>The<div style="display:inline-block;width:5.4px"> </div>residual<div style="display:inline-block;width:5.53px"> </div>contractual maturity<div style="display:inline-block;width:6.59px"> </div>of<div style="display:inline-block;width:5.25px"> </div>assets </div><div id="a178821" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:87.8px;">includes the<div style="display:inline-block;width:5.13px"> </div>effect of callable features.<div style="display:inline-block;width:6.03px"> </div>The residual<div style="display:inline-block;width:5.37px"> </div>contractual maturity of liabilities<div style="display:inline-block;width:5.47px"> </div>and off-balance<div style="display:inline-block;width:5.41px"> </div>sheet exposures<div style="display:inline-block;width:5.52px"> </div>is </div><div id="a178829" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:103.4px;">based on the earliest date on<div style="display:inline-block;width:5.2px"> </div>which a third party could require<div style="display:inline-block;width:5.36px"> </div>UBS AG to pay. </div><div id="a178838" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:126.2px;">Derivative financial instruments<div style="display:inline-block;width:5.79px"> </div>and financial assets<div style="display:inline-block;width:5.54px"> </div>and liabilities at<div style="display:inline-block;width:5.36px"> </div>fair value held<div style="display:inline-block;width:5.67px"> </div>for trading are<div style="display:inline-block;width:5.72px"> </div>presented in<div style="display:inline-block;width:5.07px"> </div>the </div><div id="a178844" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:663.125px;top:125.9px;">Due </div><div id="a178845" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:141px;">within 1 month</div><div id="a178846" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:93.405px;top:141.3px;"><div style="display:inline-block;width:3.79px"> </div>column;<div style="display:inline-block;width:4.06px"> </div>however, the respective contractual maturities may<div style="display:inline-block;width:5.19px"> </div>extend over significantly longer<div style="display:inline-block;width:5.29px"> </div>periods. </div><div id="a178854" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:164px;">Assets held to hedge unit-linked investment contracts (presented within </div><div id="a178857" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:412.805px;top:163.7px;">Financial assets at fair value not held for<div style="display:inline-block;width:2.12px"> </div>trading</div><div id="a178860" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:682.045px;top:164px;">) </div><div id="a178861" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:179.1px;">are<div style="display:inline-block;width:5.32px"> </div>presented<div style="display:inline-block;width:5.79px"> </div>in<div style="display:inline-block;width:5.33px"> </div>the </div><div id="a178864" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:127.925px;top:178.9px;">Due<div style="display:inline-block;width:5.56px"> </div>within 1<div style="display:inline-block;width:6.6px"> </div>month</div><div id="a178865" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:246.712px;top:179.1px;"><div style="display:inline-block;width:5.21px"> </div>column,<div style="display:inline-block;width:5.45px"> </div>consistent<div style="display:inline-block;width:5.29px"> </div>with<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>maturity assigned<div style="display:inline-block;width:7.08px"> </div>to<div style="display:inline-block;width:5.25px"> </div>the related<div style="display:inline-block;width:6.33px"> </div>amounts<div style="display:inline-block;width:5.55px"> </div>due </div><div id="a178867" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:194.8px;">under unit-linked investment contracts (presented<div style="display:inline-block;width:5.79px"> </div>within </div><div id="a178870" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:330.925px;top:194.5px;">Other financial liabilities designated<div style="display:inline-block;width:5.11px"> </div>at fair value</div><div id="a178872" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:602.538px;top:194.8px;">). </div><div id="a178874" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:217.5px;">Other financial assets and liabilities with no contractual maturity, such<div style="display:inline-block;width:5.06px"> </div>as equity securities, are presented in the </div><div id="a178878" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:632.832px;top:217.2px;">Perpetual </div><div id="a178879" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:232.4px;">/ Not applicable</div><div id="a178880" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:93.405px;top:232.6px;"><div style="display:inline-block;width:3.79px"> </div>column.<div style="display:inline-block;width:4.07px"> </div>Undated or perpetual instruments are classified based on the contractual notice period<div style="display:inline-block;width:5.38px"> </div>that the </div><div id="a178885" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:247.7px;">counterparty<div style="display:inline-block;width:5.47px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>instrument<div style="display:inline-block;width:5.14px"> </div>is<div style="display:inline-block;width:5.15px"> </div>entitled<div style="display:inline-block;width:5.09px"> </div>to<div style="display:inline-block;width:5.25px"> </div>give.<div style="display:inline-block;width:5.2px"> </div>Where<div style="display:inline-block;width:5.29px"> </div>there<div style="display:inline-block;width:5.34px"> </div>is no<div style="display:inline-block;width:6.6px"> </div>contractual notice<div style="display:inline-block;width:6.31px"> </div>period,<div style="display:inline-block;width:5.66px"> </div>undated<div style="display:inline-block;width:5.38px"> </div>or<div style="display:inline-block;width:5.25px"> </div>perpetual </div><div id="a178886" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:263.4px;">contracts are presented in<div style="display:inline-block;width:5.03px"> </div>the </div><div id="a178890" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:178.085px;top:263.1px;">Perpetual / Not applicable</div><div id="a178891" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:323.832px;top:263.4px;"><div style="display:inline-block;width:3.79px"> </div>column. </div><div id="a178895" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:286.1px;">Non-financial assets<div style="display:inline-block;width:5.47px"> </div>and liabilities<div style="display:inline-block;width:5.66px"> </div>with no<div style="display:inline-block;width:5.29px"> </div>contractual maturity<div style="display:inline-block;width:6.12px"> </div>are generally<div style="display:inline-block;width:5.42px"> </div>included<div style="display:inline-block;width:5.13px"> </div>in the </div><div id="a178899" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:537.245px;top:285.8px;">Perpetual /<div style="display:inline-block;width:5.4px"> </div>Not applicable</div><div id="a178900" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:685.352px;top:286.1px;"> </div><div id="a178901" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:301.2px;">column. </div><div id="a178904" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:324.4px;">Loan commitments are classified based<div style="display:inline-block;width:5.37px"> </div>on the earliest date they can be drawn<div style="display:inline-block;width:5.42px"> </div>down.</div></div><div id="TextBlockContainer1543" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#9A3D37;line-height:normal;width:687px;height:438px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a178956" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.977px;top:0px;">31.12.22 </div><div id="a178958" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.181px;top:36px;">USD bn </div><div id="a178960" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.99px;top:24.2px;">Due within<div style="display:inline-block;width:2.96px"> </div></div><div id="a178962" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:253.977px;top:36px;">1 month </div><div id="a178964" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:296.097px;top:12.8px;">Due between<div style="display:inline-block;width:2.85px"> </div></div><div id="a178966" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.43px;top:24.2px;">1 and 3 </div><div id="a178967" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:317.857px;top:36px;">months </div><div id="a178969" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.19px;top:12.8px;">Due between<div style="display:inline-block;width:2.84px"> </div></div><div id="a178971" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.79px;top:24.2px;">3 and 12 </div><div id="a178972" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.95px;top:36px;">months </div><div id="a178974" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.91px;top:24.2px;">Due between<div style="display:inline-block;width:2.85px"> </div></div><div id="a178976" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.444px;top:36px;">1 and 2 years </div><div id="a178978" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.484px;top:24.2px;">Due between<div style="display:inline-block;width:2.84px"> </div></div><div id="a178980" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.004px;top:36px;">2 and 5 years </div><div id="a178982" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.497px;top:24.2px;">Due over<div style="display:inline-block;width:2.84px"> </div></div><div id="a178984" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:551.15px;top:36px;">5 years </div><div id="a178986" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:12.8px;">Perpetual / </div><div id="a178987" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.03px;top:24.2px;">Not </div><div id="a178988" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.35px;top:36px;">applicable </div><div id="a178990" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.35px;top:36px;">Total </div><div id="a178992" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:48.3px;">Assets </div><div id="a179002" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:60.6px;">Total financial assets measured at amortized<div style="display:inline-block;width:3.71px"> </div>cost</div><div id="a179003" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:181.59px;top:61.2px;">1</div><div id="a179005_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:262.964px;top:60.6px;">425.2</div><div id="a179008_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:327.79px;top:60.6px;">28.7</div><div id="a179011_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:387.87px;top:60.6px;">34.5</div><div id="a179014_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:445.63px;top:60.6px;">78.8</div><div id="a179017_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.19px;top:60.6px;">70.5</div><div id="a179020_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:560.137px;top:60.6px;">92.8</div><div id="a179024_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:658.564px;top:60.6px;">730.4</div><div id="a179027" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.181px;top:72.9px;">Loans and advances to customers </div><div id="a179029_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:262.964px;top:72.9px;">141.9</div><div id="a179032_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:327.79px;top:72.9px;">16.3</div><div id="a179035_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:387.87px;top:72.9px;">28.3</div><div id="a179038_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:445.63px;top:72.9px;">74.9</div><div id="a179041_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:506.19px;top:72.9px;">55.6</div><div id="a179044_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:560.137px;top:72.9px;">73.0</div><div id="a179048_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:658.564px;top:72.9px;">390.0</div><div id="a179051" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:86.1px;">Total financial assets measured at fair value through<div style="display:inline-block;width:4.45px"> </div>profit or </div><div id="a179052" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:97.9px;">loss </div><div id="a179054_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:262.964px;top:86.1px;">300.4</div><div id="a179057_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:327.79px;top:86.1px;">10.0</div><div id="a179060_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:393.11px;top:86.1px;">7.8</div><div id="a179063_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:450.83px;top:86.1px;">3.6</div><div id="a179066_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:511.404px;top:86.1px;">9.9</div><div id="a179069_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:565.337px;top:86.1px;">2.0</div><div id="a179072_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:616.444px;top:86.1px;">1.5</div><div id="a179075_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:658.564px;top:86.1px;">335.1</div><div id="a179078" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.181px;top:110.3px;">Financial assets at fair value not held for trading </div><div id="a179081_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:267.697px;top:110.3px;">24.6</div><div id="a179084_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:327.79px;top:110.3px;">10.0</div><div id="a179087_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:393.11px;top:110.3px;">7.8</div><div id="a179090_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:450.83px;top:110.3px;">3.6</div><div id="a179093_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:511.404px;top:110.3px;">9.9</div><div id="a179096_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:565.337px;top:110.3px;">2.0</div><div id="a179099_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:616.444px;top:110.3px;">1.5</div><div id="a179102_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:663.297px;top:110.3px;">59.4</div><div id="a179105" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:122.5px;">Financial assets measured at fair value through<div style="display:inline-block;width:4.15px"> </div>other </div><div id="a179106" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:134.4px;">comprehensive income</div><div id="a179107" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:85.524px;top:135px;">1</div><div id="a179109_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:272.897px;top:122.5px;">0.3</div><div id="a179112_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.99px;top:122.5px;">0.9</div><div id="a179115_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:393.11px;top:122.5px;">0.9</div><div id="a179118_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:450.83px;top:122.5px;">0.1</div><div id="a179121_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:511.404px;top:122.5px;">0.0</div><div id="a179124_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:565.337px;top:122.5px;">0.0</div><div id="a179128_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.497px;top:122.5px;">2.2</div><div id="a179131" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:146.7px;">Total non-financial assets </div><div id="a179135_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:272.897px;top:146.7px;">7.1</div><div id="a179139_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:393.11px;top:146.7px;">0.2</div><div id="a179143_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:511.404px;top:146.7px;">2.0</div><div id="a179146_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:565.337px;top:146.7px;">0.4</div><div id="a179149_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:611.244px;top:146.7px;">28.0</div><div id="a179152_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.297px;top:146.7px;">37.7</div><div id="a179155" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:159px;">Total assets </div><div id="a179157_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.964px;top:159px;">732.9</div><div id="a179160_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:159px;">39.5</div><div id="a179163_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.87px;top:159px;">43.4</div><div id="a179166_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:445.63px;top:159px;">82.4</div><div id="a179169_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.19px;top:159px;">82.4</div><div id="a179172_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.137px;top:159px;">95.1</div><div id="a179175_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:611.244px;top:159px;">29.6</div><div id="a179178_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:159px;">1,105.4</div><div id="a179190" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:173.7px;">Liabilities </div><div id="a179200" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:185.9px;">Total financial liabilities measured at amortized<div style="display:inline-block;width:3.92px"> </div>cost </div><div id="a179202_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:262.964px;top:185.9px;">524.3</div><div id="a179205_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:327.79px;top:185.9px;">40.2</div><div id="a179208_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:387.87px;top:185.9px;">49.6</div><div id="a179211_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:445.63px;top:185.9px;">20.7</div><div id="a179214_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.19px;top:185.9px;">35.2</div><div id="a179217_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:560.137px;top:185.9px;">23.5</div><div id="a179220_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:611.244px;top:185.9px;">11.8</div><div id="a179223_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:658.564px;top:185.9px;">705.4</div><div id="a179226" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.181px;top:198.2px;">Customer deposits </div><div id="a179228_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:262.964px;top:198.2px;">464.5</div><div id="a179231_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:327.79px;top:198.2px;">28.5</div><div id="a179234_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:387.87px;top:198.2px;">23.8</div><div id="a179237_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:450.83px;top:198.2px;">7.7</div><div id="a179240_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:511.404px;top:198.2px;">2.3</div><div id="a179243_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:565.337px;top:198.2px;">0.3</div><div id="a179247_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:658.564px;top:198.2px;">527.2</div><div id="a179250" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.181px;top:211.5px;">Funding from UBS Group AG </div><div id="a179252_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:272.897px;top:211.5px;">2.0</div><div id="a179257_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:450.83px;top:211.5px;">4.8</div><div id="a179260_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:506.19px;top:211.5px;">21.2</div><div id="a179263_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:560.137px;top:211.5px;">16.3</div><div id="a179266_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:611.244px;top:211.5px;">11.8</div><div id="a179269_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:663.297px;top:211.5px;">56.1</div><div id="a179272" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.181px;top:224.3px;">Debt issued measured at amortized cost </div><div id="a179274_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:272.897px;top:224.3px;">4.6</div><div id="a179277_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:332.99px;top:224.3px;">8.8</div><div id="a179280_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:387.87px;top:224.3px;">23.3</div><div id="a179283_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:450.83px;top:224.3px;">7.2</div><div id="a179286_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:506.19px;top:224.3px;">10.0</div><div id="a179289_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:565.337px;top:224.3px;">5.7</div><div id="a179293_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:663.297px;top:224.3px;">59.5</div><div id="a179296" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:237.5px;">of which: non-subordinated fixed rate debt </div><div id="a179300_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:272.897px;top:237.5px;">3.1</div><div id="a179303_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:332.99px;top:237.5px;">4.0</div><div id="a179306_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:387.87px;top:237.5px;">13.2</div><div id="a179309_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:450.83px;top:237.5px;">2.8</div><div id="a179312_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:511.404px;top:237.5px;">7.8</div><div id="a179315_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:565.337px;top:237.5px;">5.7</div><div id="a179319_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:663.297px;top:237.5px;">36.6</div><div id="a179322" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:250.3px;">of which: non-subordinated floating rate debt </div><div id="a179327_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:272.897px;top:250.3px;">1.5</div><div id="a179330_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:332.99px;top:250.3px;">4.8</div><div id="a179333_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:387.87px;top:250.3px;">10.1</div><div id="a179336_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:450.83px;top:250.3px;">1.9</div><div id="a179339_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:511.404px;top:250.3px;">1.6</div><div id="a179344_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:663.297px;top:250.3px;">19.9</div><div id="a179347" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:263.5px;">of which: subordinated fixed-rate debt </div><div id="a179354_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:450.83px;top:263.5px;">2.4</div><div id="a179357_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:511.404px;top:263.5px;">0.5</div><div id="a179362_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:668.497px;top:263.5px;">3.0</div><div id="a179365" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:275.8px;">Total financial liabilities measured at fair value<div style="display:inline-block;width:3.87px"> </div>through </div><div id="a179366" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:287.7px;">profit or loss</div><div id="a179371" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:48.14px;top:288.3px;">2</div><div id="a179373_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:262.964px;top:275.8px;">265.9</div><div id="a179376_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:327.79px;top:275.8px;">13.8</div><div id="a179379_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:387.87px;top:275.8px;">16.3</div><div id="a179382_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:445.63px;top:275.8px;">19.6</div><div id="a179385_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:511.404px;top:275.8px;">7.3</div><div id="a179388_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:560.137px;top:275.8px;">10.5</div><div id="a179392_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:658.564px;top:275.8px;">333.4</div><div id="a179395" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.181px;top:299.9px;">Debt issued designated at fair value </div><div id="a179397_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:272.897px;top:299.9px;">9.3</div><div id="a179400_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:327.79px;top:299.9px;">12.3</div><div id="a179403_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:387.87px;top:299.9px;">15.9</div><div id="a179406_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:445.63px;top:299.9px;">19.3</div><div id="a179409_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:511.404px;top:299.9px;">6.9</div><div id="a179412_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:565.337px;top:299.9px;">8.2</div><div id="a179416_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:663.297px;top:299.9px;">71.8</div><div id="a179419" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:312.7px;">of which: non-subordinated fixed rate debt </div><div id="a179423_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:272.897px;top:312.7px;">0.5</div><div id="a179426_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:332.99px;top:312.7px;">2.3</div><div id="a179429_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:393.11px;top:312.7px;">5.6</div><div id="a179432_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:450.83px;top:312.7px;">3.6</div><div id="a179435_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:511.404px;top:312.7px;">2.0</div><div id="a179438_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:565.337px;top:312.7px;">1.6</div><div id="a179442_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:663.297px;top:312.7px;">15.6</div><div id="a179445" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:326px;">of which: non-subordinated floating rate debt </div><div id="a179449_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:272.897px;top:326px;">8.8</div><div id="a179452_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:327.79px;top:326px;">10.0</div><div id="a179455_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:387.87px;top:326px;">10.3</div><div id="a179458_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:445.63px;top:326px;">15.7</div><div id="a179461_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:511.404px;top:326px;">4.9</div><div id="a179464_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:565.337px;top:326px;">6.6</div><div id="a179468_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:663.297px;top:326px;">56.2</div><div id="a179471" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:338.3px;">Total non-financial liabilities </div><div id="a179475_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:272.897px;top:338.3px;">6.7</div><div id="a179478_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.99px;top:338.3px;">2.6</div><div id="a179485_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:616.444px;top:338.3px;">0.5</div><div id="a179488_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.497px;top:338.3px;">9.7</div><div id="a179491" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:350.6px;">Total liabilities<div style="display:inline-block;width:3.21px"> </div></div><div id="a179493_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.964px;top:350.6px;">796.9</div><div id="a179496_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:350.6px;">56.5</div><div id="a179499_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.87px;top:350.6px;">65.9</div><div id="a179502_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:445.63px;top:350.6px;">40.4</div><div id="a179505_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.19px;top:350.6px;">42.5</div><div id="a179508_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.137px;top:350.6px;">34.0</div><div id="a179511_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:611.244px;top:350.6px;">12.3</div><div id="a179514_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:350.6px;">1,048.5</div><div id="a179526" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:365.2px;">Guarantees, loan commitments<div style="display:inline-block;width:4.15px"> </div>and forward starting transactions</div><div id="a179527" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:240.27px;top:365.9px;">3</div><div id="a179530" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:377.5px;">Loan commitments </div><div id="a179532_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:267.697px;top:377.5px;">39.3</div><div id="a179535_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.99px;top:377.5px;">0.3</div><div id="a179538_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:393.11px;top:377.5px;">0.4</div><div id="a179541_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:450.83px;top:377.5px;">0.0</div><div id="a179547_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.297px;top:377.5px;">40.0</div><div id="a179550" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:390.8px;">Guarantees </div><div id="a179552_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:267.697px;top:390.8px;">22.4</div><div id="a179561_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.297px;top:390.8px;">22.4</div><div id="a179564" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:403.6px;">Forward starting transactions,<div style="display:inline-block;width:4.04px"> </div>reverse repurchase and </div><div id="a179565" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:415.4px;">securities borrowing agreements </div><div id="a179567_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:272.897px;top:403.6px;">3.8</div><div id="a179576_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.497px;top:403.6px;">3.8</div><div id="a179579" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:427.7px;">Total </div><div id="a179581_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:267.697px;top:427.7px;">65.4</div><div id="a179584_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:427.7px;">0.3</div><div id="a179587_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.63px;top:427.7px;">0.4</div><div id="a179590_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:450.364px;top:427.7px;">0.0</div><div id="a179596_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:427.7px;">66.2</div></div><div id="TextBlockContainer1548" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:492px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1546_XBRL_TS_2fd210547c2c41248d2d4ed15498a447" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1547" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:492px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a179610" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.03px;top:0px;">31.12.21 </div><div id="a179612" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:36.9px;">USD bn </div><div id="a179614" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.524px;top:25.1px;">Due within </div><div id="a179616" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:253.03px;top:36.9px;">1 month </div><div id="a179618" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:295.63px;top:13.3px;">Due between </div><div id="a179620" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.964px;top:25.1px;">1 and 3 </div><div id="a179621" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.91px;top:36.9px;">months </div><div id="a179623" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:355.724px;top:13.3px;">Due between </div><div id="a179626" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.324px;top:25.1px;">3 and 12 </div><div id="a179627" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:36.9px;">months </div><div id="a179629" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.444px;top:25.1px;">Due between </div><div id="a179631" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.497px;top:36.9px;">1 and 2 years </div><div id="a179633" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.004px;top:25.1px;">Due between </div><div id="a179635" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:473.057px;top:36.9px;">2 and 5 years </div><div id="a179637" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:543.55px;top:25.1px;">Due over </div><div id="a179639" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.204px;top:36.9px;">5 years </div><div id="a179641" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:586.617px;top:13.3px;">Perpetual / </div><div id="a179643" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:612.657px;top:25.1px;">Not </div><div id="a179644" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.99px;top:36.9px;">applicable </div><div id="a179646" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.457px;top:36.9px;">Total </div><div id="a179648" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:49.2px;">Assets </div><div id="a179658" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:61.5px;">Total financial assets measured at amortized<div style="display:inline-block;width:3.71px"> </div>cost </div><div id="a179660_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.017px;top:61.5px;">454.3</div><div id="a179663_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.844px;top:61.5px;">45.6</div><div id="a179666_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.924px;top:61.5px;">43.2</div><div id="a179669_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.684px;top:61.5px;">53.7</div><div id="a179672_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.257px;top:61.5px;">64.2</div><div id="a179675_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.19px;top:61.5px;">77.6</div><div id="a179679_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:61.5px;">738.6</div><div id="a179682" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:73.8px;">Loans and advances to customers </div><div id="a179685_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:262.017px;top:73.8px;">157.8</div><div id="a179688_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:326.844px;top:73.8px;">28.5</div><div id="a179691_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:386.924px;top:73.8px;">37.3</div><div id="a179694_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.684px;top:73.8px;">49.7</div><div id="a179697_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:505.257px;top:73.8px;">55.1</div><div id="a179700_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:559.19px;top:73.8px;">70.3</div><div id="a179703" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:625.91px;top:73.8px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a179705_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:73.8px;">398.7</div><div id="a179708" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:87px;">Total financial assets measured at fair value through<div style="display:inline-block;width:4.45px"> </div>profit or </div><div id="a179709" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:98.9px;">loss </div><div id="a179711_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.017px;top:98.9px;">300.7</div><div id="a179714_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.044px;top:98.9px;">5.8</div><div id="a179717_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.164px;top:98.9px;">8.1</div><div id="a179720_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:449.884px;top:98.9px;">5.2</div><div id="a179723_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:510.457px;top:98.9px;">7.1</div><div id="a179726_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.39px;top:98.9px;">2.5</div><div id="a179729_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:614.084px;top:98.9px;">1.4</div><div id="a179732_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:98.9px;">330.7</div><div id="a179735" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:111.2px;">Financial assets at fair value not held for trading </div><div id="a179737" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:266.75px;top:111.2px;">29.7</div><div id="a179739_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.044px;top:111.2px;">5.8</div><div id="a179742_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.164px;top:111.2px;">8.1</div><div id="a179745_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:449.884px;top:111.2px;">5.2</div><div id="a179748_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:510.457px;top:111.2px;">7.1</div><div id="a179751_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:564.39px;top:111.2px;">2.5</div><div id="a179754_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:614.084px;top:111.2px;">1.4</div><div id="a179757_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:661.404px;top:111.2px;">59.6</div><div id="a179760" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:123.5px;">Financial assets measured at fair value through<div style="display:inline-block;width:4.15px"> </div>other </div><div id="a179761" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:135.3px;">comprehensive income </div><div id="a179763_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:271.95px;top:135.3px;">0.1</div><div id="a179766_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.044px;top:135.3px;">0.4</div><div id="a179769_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.164px;top:135.3px;">0.7</div><div id="a179772_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:449.884px;top:135.3px;">0.1</div><div id="a179775_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:510.457px;top:135.3px;">0.4</div><div id="a179778_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.39px;top:135.3px;">7.1</div><div id="a179782_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:666.604px;top:135.3px;">8.8</div><div id="a179785" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:147.6px;">Total non-financial assets </div><div id="a179789_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:271.95px;top:147.6px;">7.3</div><div id="a179792_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.044px;top:147.6px;">0.5</div><div id="a179795_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.164px;top:147.6px;">0.1</div><div id="a179798_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:449.884px;top:147.6px;">0.2</div><div id="a179801_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:510.457px;top:147.6px;">1.4</div><div id="a179804_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.39px;top:147.6px;">0.3</div><div id="a179807_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:608.884px;top:147.6px;">28.2</div><div id="a179810_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.404px;top:147.6px;">38.0</div><div id="a179813" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:159.9px;">Total assets<div style="display:inline-block;width:3.05px"> </div></div><div id="a179815_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.017px;top:159.9px;">762.3</div><div id="a179818_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.844px;top:159.9px;">52.3</div><div id="a179821_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.924px;top:159.9px;">52.1</div><div id="a179824_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.684px;top:159.9px;">59.3</div><div id="a179827_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.257px;top:159.9px;">73.2</div><div id="a179830_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.19px;top:159.9px;">87.5</div><div id="a179833_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:608.884px;top:159.9px;">29.5</div><div id="a179836_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:159.9px;">1,116.1</div><div id="a179848" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:174.6px;">Liabilities </div><div id="a179858" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:186.9px;">Total financial liabilities measured at amortized<div style="display:inline-block;width:3.92px"> </div>cost </div><div id="a179860_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.017px;top:186.9px;">583.3</div><div id="a179863_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.844px;top:186.9px;">21.5</div><div id="a179866_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.924px;top:186.9px;">48.4</div><div id="a179869_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.684px;top:186.9px;">17.3</div><div id="a179872_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.257px;top:186.9px;">36.0</div><div id="a179875_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.19px;top:186.9px;">24.7</div><div id="a179878_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:608.884px;top:186.9px;">13.7</div><div id="a179881_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:186.9px;">744.8</div><div id="a179884" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:199.2px;">Customer deposits </div><div id="a179886_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:262.017px;top:199.2px;">531.0</div><div id="a179889_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.044px;top:199.2px;">6.5</div><div id="a179892_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.164px;top:199.2px;">3.2</div><div id="a179895_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:449.884px;top:199.2px;">1.9</div><div id="a179898_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:510.457px;top:199.2px;">1.8</div><div id="a179901_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:564.39px;top:199.2px;">0.3</div><div id="a179905_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:199.2px;">544.8</div><div id="a179908" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:212.4px;">Funding from UBS Group AG </div><div id="a179910_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:271.95px;top:212.4px;">0.0</div><div id="a179913_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.044px;top:212.4px;">2.8</div><div id="a179916_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.164px;top:212.4px;">1.4</div><div id="a179919_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:449.884px;top:212.4px;">6.3</div><div id="a179922_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:505.257px;top:212.4px;">17.0</div><div id="a179925_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:559.19px;top:212.4px;">16.1</div><div id="a179928_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.884px;top:212.4px;">13.7</div><div id="a179931_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:661.404px;top:212.4px;">57.3</div><div id="a179934" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:225.2px;">Debt issued measured at amortized cost </div><div id="a179936_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:271.95px;top:225.2px;">3.7</div><div id="a179939_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.044px;top:225.2px;">9.3</div><div id="a179942_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:386.924px;top:225.2px;">38.4</div><div id="a179945_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:449.884px;top:225.2px;">8.7</div><div id="a179948_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:505.257px;top:225.2px;">15.5</div><div id="a179951_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:564.39px;top:225.2px;">6.9</div><div id="a179955_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:661.404px;top:225.2px;">82.4</div><div id="a179958" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:238.4px;">of which: non-subordinated fixed rate debt </div><div id="a179962_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:271.95px;top:238.4px;">3.7</div><div id="a179965_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.044px;top:238.4px;">8.4</div><div id="a179968_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:386.924px;top:238.4px;">27.4</div><div id="a179971_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:449.884px;top:238.4px;">6.6</div><div id="a179974_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:510.457px;top:238.4px;">9.0</div><div id="a179977_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:564.39px;top:238.4px;">6.9</div><div id="a179981_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:661.404px;top:238.4px;">62.0</div><div id="a179984" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:251.2px;">of which: non-subordinated floating rate debt </div><div id="a179988_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:271.95px;top:251.2px;">0.0</div><div id="a179991_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.044px;top:251.2px;">0.8</div><div id="a179994_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.164px;top:251.2px;">9.0</div><div id="a179997_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:449.884px;top:251.2px;">2.1</div><div id="a180000_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:510.457px;top:251.2px;">3.3</div><div id="a180005_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:661.404px;top:251.2px;">15.2</div><div id="a180008" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:264.5px;">of which: subordinated fixed-rate debt </div><div id="a180014_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.164px;top:264.5px;">2.0</div><div id="a180018_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:510.457px;top:264.5px;">3.1</div><div id="a180023_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:666.604px;top:264.5px;">5.2</div><div id="a180026" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:276.8px;">Total financial liabilities measured at fair value<div style="display:inline-block;width:3.87px"> </div>through </div><div id="a180027" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:288.6px;">profit or loss</div><div id="a180032" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:48.14px;top:289.2px;">2</div><div id="a180034_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.017px;top:282.5px;">238.1</div><div id="a180037_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.844px;top:282.5px;">12.0</div><div id="a180040_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.924px;top:282.5px;">14.7</div><div id="a180043_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.684px;top:282.5px;">18.8</div><div id="a180046_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:510.457px;top:282.5px;">5.6</div><div id="a180049_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.19px;top:282.5px;">11.8</div><div id="a180053_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:282.5px;">300.9</div><div id="a180056" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:300.9px;">Debt issued designated at fair value </div><div id="a180058_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:266.75px;top:300.9px;">12.5</div><div id="a180061_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:326.844px;top:300.9px;">11.6</div><div id="a180064_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:386.924px;top:300.9px;">14.1</div><div id="a180067_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.684px;top:300.9px;">18.6</div><div id="a180070_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:510.457px;top:300.9px;">5.4</div><div id="a180073_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:564.39px;top:300.9px;">9.2</div><div id="a180077_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:661.404px;top:300.9px;">71.5</div><div id="a180080" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:313.7px;">of which: non-subordinated fixed rate debt </div><div id="a180084_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:271.95px;top:313.7px;">0.8</div><div id="a180087_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.044px;top:313.7px;">1.2</div><div id="a180090_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.164px;top:313.7px;">2.9</div><div id="a180093_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:449.884px;top:313.7px;">1.2</div><div id="a180096_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:510.457px;top:313.7px;">1.3</div><div id="a180099_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:564.39px;top:313.7px;">2.4</div><div id="a180103_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:666.604px;top:313.7px;">9.8</div><div id="a180106" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:326.9px;">of which: non-subordinated floating rate debt </div><div id="a180110_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:266.75px;top:326.9px;">11.7</div><div id="a180113_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:326.844px;top:326.9px;">10.3</div><div id="a180116_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:386.924px;top:326.9px;">11.2</div><div id="a180119_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.684px;top:326.9px;">17.4</div><div id="a180122_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:510.457px;top:326.9px;">4.2</div><div id="a180125_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:564.39px;top:326.9px;">6.8</div><div id="a180129_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:661.404px;top:326.9px;">61.6</div><div id="a180132" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:339.2px;">Total non-financial liabilities </div><div id="a180136_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:271.95px;top:339.2px;">8.7</div><div id="a180139_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.044px;top:339.2px;">2.6</div><div id="a180146_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:614.084px;top:339.2px;">0.7</div><div id="a180149_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.404px;top:339.2px;">12.0</div><div id="a180152" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:351.5px;">Total liabilities </div><div id="a180154_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.017px;top:351.5px;">830.0</div><div id="a180157_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.844px;top:351.5px;">36.0</div><div id="a180160_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.924px;top:351.5px;">63.0</div><div id="a180163_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.684px;top:351.5px;">36.2</div><div id="a180166_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.257px;top:351.5px;">41.6</div><div id="a180169_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.19px;top:351.5px;">36.5</div><div id="a180172_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:608.884px;top:351.5px;">14.4</div><div id="a180175_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:351.5px;">1,057.7</div><div id="a180187" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:366.2px;">Guarantees, loan commitments<div style="display:inline-block;width:4.15px"> </div>and forward starting transactions</div><div id="a180188" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:240.27px;top:366.8px;">3</div><div id="a180191" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:378.5px;">Loan commitments </div><div id="a180193_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:266.75px;top:378.5px;">38.3</div><div id="a180196_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.044px;top:378.5px;">0.5</div><div id="a180199_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.164px;top:378.5px;">0.7</div><div id="a180202_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:449.884px;top:378.5px;">0.0</div><div id="a180208_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.404px;top:378.5px;">39.5</div><div id="a180211" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:391.7px;">Guarantees </div><div id="a180213_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:266.75px;top:391.7px;">21.2</div><div id="a180222_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.404px;top:391.7px;">21.2</div><div id="a180225" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:404.5px;">Forward starting transactions,<div style="display:inline-block;width:4.04px"> </div>reverse repurchase and </div><div id="a180227" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:416.3px;">securities borrowing agreements </div><div id="a180229_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:271.95px;top:416.3px;">1.4</div><div id="a180238_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:666.604px;top:416.3px;">1.4</div><div id="a180241" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:428.6px;">Total </div><div id="a180243_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:266.75px;top:428.6px;">60.9</div><div id="a180246_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.564px;top:428.6px;">0.5</div><div id="a180249_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:391.684px;top:428.6px;">0.7</div><div id="a180252_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:449.417px;top:428.6px;">0.0</div><div id="a180258_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.404px;top:428.6px;">62.1</div><div id="a180261" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:442.2px;">1 Effective 1 April 2022, a portfolio of<div style="display:inline-block;width:3.55px"> </div>assets previously classified as Financial<div style="display:inline-block;width:3.79px"> </div>assets measured at fair value<div style="display:inline-block;width:3.64px"> </div>through other<div style="display:inline-block;width:2.9px"> </div>comprehensive income was<div style="display:inline-block;width:3.44px"> </div>reclassified to Other financial<div style="display:inline-block;width:3.47px"> </div>assets measured at amortized cost. </div><div id="a180264" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:452.6px;">Refer to Note 1b for<div style="display:inline-block;width:4.12px"> </div>more information.<div style="display:inline-block;width:10.06px"> </div>2 As of 31 December<div style="display:inline-block;width:3.82px"> </div>2022 and 31<div style="display:inline-block;width:3.72px"> </div>December 2021,<div style="display:inline-block;width:3.52px"> </div>the contractual redemption<div style="display:inline-block;width:4.25px"> </div>amount at maturity<div style="display:inline-block;width:4.04px"> </div>of debt issued<div style="display:inline-block;width:3.47px"> </div>designated at fair<div style="display:inline-block;width:3.64px"> </div>value through profit<div style="display:inline-block;width:3.92px"> </div>or loss and other </div><div id="a180268" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:462.6px;">financial liabilities<div style="display:inline-block;width:3.94px"> </div>measured at fair<div style="display:inline-block;width:4.43px"> </div>value through<div style="display:inline-block;width:4.09px"> </div>profit or<div style="display:inline-block;width:3.46px"> </div>loss was<div style="display:inline-block;width:3.93px"> </div>not materially<div style="display:inline-block;width:3.93px"> </div>different from<div style="display:inline-block;width:3.47px"> </div>the carrying<div style="display:inline-block;width:3.79px"> </div>amount.<div style="display:inline-block;width:11.28px"> </div>3 The<div style="display:inline-block;width:3.8px"> </div>notional amounts<div style="display:inline-block;width:3.92px"> </div>associated<div style="display:inline-block;width:3.62px"> </div>with derivative<div style="display:inline-block;width:3.92px"> </div>loan commitments,<div style="display:inline-block;width:4.54px"> </div>as well<div style="display:inline-block;width:3.63px"> </div>as forward </div><div id="a180272" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:472.5px;">starting repurchase and reverse repurchase<div style="display:inline-block;width:3.97px"> </div>agreements, measured<div style="display:inline-block;width:3.79px"> </div>at fair value through<div style="display:inline-block;width:3.63px"> </div>profit or loss are presented<div style="display:inline-block;width:3.62px"> </div>together with<div style="display:inline-block;width:3.41px"> </div>notional amounts related to derivative<div style="display:inline-block;width:4.22px"> </div>instruments and have<div style="display:inline-block;width:3.47px"> </div>been excluded from the </div><div id="a180274" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:482.9px;">table above. Refer to Note 10<div style="display:inline-block;width:3.5px"> </div>for more information.</div></div></div></div><div id="TextBlockContainer1550" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:117px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a180318" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">b) Maturity analysis of financial<div style="display:inline-block;width:5.23px"> </div>liabilities on an undiscounted basis </div><div id="a180320" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.3px;">The table below<div style="display:inline-block;width:5.49px"> </div>provides an<div style="display:inline-block;width:5.47px"> </div>analysis of financial<div style="display:inline-block;width:5.08px"> </div>liabilities on<div style="display:inline-block;width:5.18px"> </div>an undiscounted<div style="display:inline-block;width:5.09px"> </div>basis, including<div style="display:inline-block;width:5.16px"> </div>all cash flows<div style="display:inline-block;width:5.35px"> </div>relating to </div><div id="a180321" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.4px;">principal and<div style="display:inline-block;width:5.23px"> </div>future interest<div style="display:inline-block;width:6.4px"> </div>payments. The<div style="display:inline-block;width:5.56px"> </div>residual<div style="display:inline-block;width:5.06px"> </div>contractual maturities<div style="display:inline-block;width:5.79px"> </div>for non<div style="display:inline-block;width:1.74px"> </div>-derivative and<div style="display:inline-block;width:5.32px"> </div>non-trading financial </div><div id="a180331" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:58px;">liabilities are<div style="display:inline-block;width:5.84px"> </div>based<div style="display:inline-block;width:5.18px"> </div>on<div style="display:inline-block;width:5.13px"> </div>the earliest<div style="display:inline-block;width:5.36px"> </div>date on<div style="display:inline-block;width:6.23px"> </div>which UBS<div style="display:inline-block;width:5.86px"> </div>could be<div style="display:inline-block;width:5.81px"> </div>contractually required<div style="display:inline-block;width:6.73px"> </div>to pay.<div style="display:inline-block;width:7.15px"> </div>Derivative positions<div style="display:inline-block;width:6.03px"> </div>and </div><div id="a180333" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:73.2px;">trading liabilities,<div style="display:inline-block;width:5.08px"> </div>predominantly<div style="display:inline-block;width:5.11px"> </div>made up<div style="display:inline-block;width:5.29px"> </div>of short<div style="display:inline-block;width:5.03px"> </div>sale transactions,<div style="display:inline-block;width:5.77px"> </div>are presented<div style="display:inline-block;width:5.51px"> </div>in the </div><div id="a180334" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:519.272px;top:72.9px;">Due within<div style="display:inline-block;width:5.34px"> </div>1 month</div><div id="a180335" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:636.138px;top:73.2px;"><div style="display:inline-block;width:4.25px"> </div>column</div><div id="a180337" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:682.045px;top:72.9px;">,</div><div id="a180338" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:685.352px;top:73.2px;"> </div><div id="a180339" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:88.3px;">as this provides a conservative reflection<div style="display:inline-block;width:5.02px"> </div>of the nature of these trading<div style="display:inline-block;width:5.08px"> </div>activities. The residual contractual maturities may </div><div id="a180341" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:103.9px;">extend over significantly longer periods.</div></div><div id="TextBlockContainer1553" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#9A3D37;line-height:normal;width:684px;height:358px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a180347" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:437.084px;top:0px;">31.12.22 </div><div id="a180349" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.181px;top:35.9px;">USD bn </div><div id="a180352" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.044px;top:24.6px;">Due within<div style="display:inline-block;width:2.96px"> </div></div><div id="a180354" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:253.03px;top:35.9px;">1 month </div><div id="a180356" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:295.15px;top:12.8px;">Due between<div style="display:inline-block;width:2.85px"> </div></div><div id="a180358" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.484px;top:24.6px;">1 and 3 </div><div id="a180359" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.91px;top:35.9px;">months </div><div id="a180361" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:355.244px;top:12.8px;">Due between<div style="display:inline-block;width:2.84px"> </div></div><div id="a180363" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:370.857px;top:24.6px;">3 and 12 </div><div id="a180364" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:35.9px;">months </div><div id="a180366" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.977px;top:24.6px;">Due between<div style="display:inline-block;width:2.84px"> </div></div><div id="a180368" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.497px;top:35.9px;">1 and 2 years </div><div id="a180370" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:473.537px;top:24.6px;">Due between<div style="display:inline-block;width:2.84px"> </div></div><div id="a180372" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:473.057px;top:35.9px;">2 and 5 years </div><div id="a180374" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:543.55px;top:24.6px;">Due over<div style="display:inline-block;width:2.84px"> </div></div><div id="a180376" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.204px;top:35.9px;">5 years </div><div id="a180378" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:586.15px;top:12.8px;">Perpetual / </div><div id="a180379" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:612.657px;top:24.6px;">Not </div><div id="a180380" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.99px;top:35.9px;">applicable </div><div id="a180382" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.51px;top:35.9px;">Total </div><div id="a180394" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:53.5px;">Financial liabilities recognized<div style="display:inline-block;width:3.95px"> </div>on balance sheet</div><div id="a180395" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:175.884px;top:54.1px;">1</div><div id="a180406" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:65.8px;">Amounts due to banks </div><div id="a180409_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:271.95px;top:65.8px;">6.3</div><div id="a180412_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.044px;top:65.8px;">2.6</div><div id="a180415_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.164px;top:65.8px;">1.9</div><div id="a180418_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:449.884px;top:65.8px;">0.3</div><div id="a180421_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:510.457px;top:65.8px;">0.6</div><div id="a180424_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:564.39px;top:65.8px;">0.0</div><div id="a180428_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.457px;top:65.8px;">11.7</div><div id="a180431" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:79px;">Payables from securities financing<div style="display:inline-block;width:3.7px"> </div>transactions </div><div id="a180435_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:271.95px;top:79px;">3.3</div><div id="a180438_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.044px;top:79px;">0.3</div><div id="a180441_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.164px;top:79px;">0.4</div><div id="a180444_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:449.884px;top:79px;">0.3</div><div id="a180448_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:564.39px;top:79px;">0.0</div><div id="a180452_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:665.657px;top:79px;">4.4</div><div id="a180455" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:91.8px;">Cash collateral payables on derivative instruments </div><div id="a180458_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:266.75px;top:91.8px;">36.4</div><div id="a180467_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.457px;top:91.8px;">36.4</div><div id="a180470" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:105px;">Customer deposits </div><div id="a180473_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:262.017px;top:105px;">464.6</div><div id="a180476_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.844px;top:105px;">28.8</div><div id="a180479_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:386.924px;top:105px;">24.5</div><div id="a180482_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:449.884px;top:105px;">8.2</div><div id="a180485_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:510.457px;top:105px;">2.6</div><div id="a180488_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:564.39px;top:105px;">0.3</div><div id="a180492_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.724px;top:105px;">529.0</div><div id="a180495" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:117.8px;">Funding from UBS Group AG</div><div id="a180496" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:108.23px;top:118.4px;">2</div><div id="a180499_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:271.95px;top:117.8px;">2.2</div><div id="a180502_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.044px;top:117.8px;">0.6</div><div id="a180505_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.164px;top:117.8px;">1.2</div><div id="a180508_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:449.884px;top:117.8px;">6.8</div><div id="a180511_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:505.257px;top:117.8px;">27.6</div><div id="a180514_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:559.19px;top:117.8px;">21.2</div><div id="a180517_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:608.884px;top:117.8px;">12.7</div><div id="a180520_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.457px;top:117.8px;">72.3</div><div id="a180523" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:131.1px;">Debt issued measured at amortized cost </div><div id="a180526_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:271.95px;top:131.1px;">4.6</div><div id="a180529_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.044px;top:131.1px;">8.9</div><div id="a180532_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:386.924px;top:131.1px;">23.7</div><div id="a180535_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:449.884px;top:131.1px;">7.8</div><div id="a180538_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:505.257px;top:131.1px;">10.8</div><div id="a180541_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:564.39px;top:131.1px;">6.9</div><div id="a180545_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.457px;top:131.1px;">62.8</div><div id="a180548" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:143.8px;">Other financial liabilities measured at amortized cost </div><div id="a180551_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:271.95px;top:143.8px;">5.6</div><div id="a180554_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.044px;top:143.8px;">0.1</div><div id="a180557_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.164px;top:143.8px;">0.4</div><div id="a180560_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:449.884px;top:143.8px;">0.5</div><div id="a180563_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:510.457px;top:143.8px;">1.2</div><div id="a180566_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:564.39px;top:143.8px;">1.3</div><div id="a180570_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:665.657px;top:143.8px;">9.2</div><div id="a180573" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:157.1px;"><div style="display:inline-block;width:2.37px"> </div>of which: lease liabilities </div><div id="a180577_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:271.95px;top:157.1px;">0.1</div><div id="a180580_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:332.044px;top:157.1px;">0.1</div><div id="a180583_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:392.164px;top:157.1px;">0.4</div><div id="a180586_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:449.884px;top:157.1px;">0.5</div><div id="a180589_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:510.457px;top:157.1px;">1.2</div><div id="a180592_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:564.39px;top:157.1px;">1.3</div><div id="a180596_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:665.657px;top:157.1px;">3.7</div><div id="a180599" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:169.4px;">Total financial liabilities measured<div style="display:inline-block;width:3.9px"> </div>at amortized cost</div><div id="a180600" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:192.004px;top:170px;">3, 5</div><div id="a180603_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:262.017px;top:169.4px;">523.1</div><div id="a180606_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.844px;top:169.4px;">41.2</div><div id="a180609_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:386.924px;top:169.4px;">52.2</div><div id="a180612_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:444.684px;top:169.4px;">24.0</div><div id="a180615_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:505.257px;top:169.4px;">42.8</div><div id="a180618_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:559.19px;top:169.4px;">29.8</div><div id="a180621_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:608.884px;top:169.4px;">12.7</div><div id="a180624_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.724px;top:169.4px;">725.8</div><div id="a180627" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:182.6px;">Financial liabilities at fair value held for trading</div><div id="a180628" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:173.524px;top:183.3px;">3, 4</div><div id="a180631_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:266.75px;top:182.6px;">29.5</div><div id="a180640_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.457px;top:182.6px;">29.5</div><div id="a180643" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:195.4px;">Derivative financial instruments</div><div id="a180644" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:116.737px;top:196px;">3, 5</div><div id="a180647_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:262.017px;top:195.4px;">154.9</div><div id="a180656_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.724px;top:195.4px;">154.9</div><div id="a180659" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:208.7px;">Brokerage payables designated at<div style="display:inline-block;width:4.03px"> </div>fair value </div><div id="a180662_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:266.75px;top:208.7px;">45.1</div><div id="a180671_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.457px;top:208.7px;">45.1</div><div id="a180674" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:221.4px;">Debt issued designated at fair value</div><div id="a180675" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:132.857px;top:222.1px;">6</div><div id="a180678_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:271.95px;top:221.4px;">9.4</div><div id="a180681_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.844px;top:221.4px;">12.4</div><div id="a180684_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:386.924px;top:221.4px;">16.0</div><div id="a180687_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:444.684px;top:221.4px;">19.7</div><div id="a180690_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:510.457px;top:221.4px;">7.1</div><div id="a180693_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:559.19px;top:221.4px;">12.3</div><div id="a180697_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.457px;top:221.4px;">76.8</div><div id="a180700" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:234.7px;">Other financial liabilities designated at fair value </div><div id="a180703_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:266.75px;top:234.7px;">27.1</div><div id="a180706_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.044px;top:234.7px;">1.4</div><div id="a180709_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.164px;top:234.7px;">0.4</div><div id="a180712_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:449.884px;top:234.7px;">0.4</div><div id="a180715_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:510.457px;top:234.7px;">0.5</div><div id="a180718_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:564.39px;top:234.7px;">5.0</div><div id="a180722_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.457px;top:234.7px;">34.8</div><div id="a180725" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:247px;">Total financial liabilities measured<div style="display:inline-block;width:3.9px"> </div>at fair value through </div><div id="a180727" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:258.8px;">profit or loss </div><div id="a180730_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:262.017px;top:258.8px;">266.0</div><div id="a180733_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.844px;top:258.8px;">13.8</div><div id="a180736_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:386.924px;top:258.8px;">16.4</div><div id="a180739_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:444.684px;top:258.8px;">20.0</div><div id="a180742_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:509.977px;top:258.8px;">7.5</div><div id="a180745_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:559.19px;top:258.8px;">17.3</div><div id="a180749_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.724px;top:258.8px;">341.1</div><div id="a180752" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:271.5px;">Total </div><div id="a180755_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.017px;top:271.5px;">789.2</div><div id="a180758_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.844px;top:271.5px;">55.0</div><div id="a180761_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.924px;top:271.5px;">68.6</div><div id="a180764_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.684px;top:271.5px;">44.0</div><div id="a180767_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.257px;top:271.5px;">50.3</div><div id="a180770_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.19px;top:271.5px;">47.1</div><div id="a180773_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:608.884px;top:271.5px;">12.7</div><div id="a180776_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:648.604px;top:271.5px;">1,066.9</div><div id="a180779" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:284.8px;">Guarantees, commitments<div style="display:inline-block;width:3.73px"> </div>and forward starting transactions </div><div id="a180781" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:297.1px;">Loan commitments</div><div id="a180783" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:71.785px;top:297.8px;">7</div><div id="a180786_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:266.75px;top:297.1px;">39.3</div><div id="a180789_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.044px;top:297.1px;">0.3</div><div id="a180792_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.164px;top:297.1px;">0.4</div><div id="a180795_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:449.884px;top:297.1px;">0.0</div><div id="a180801_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.457px;top:297.1px;">40.0</div><div id="a180804" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:309.9px;">Guarantees </div><div id="a180807_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:266.75px;top:309.9px;">22.4</div><div id="a180816_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.457px;top:309.9px;">22.4</div><div id="a180819" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:323.1px;">Forward starting transactions,<div style="display:inline-block;width:4.04px"> </div>reverse repurchase and </div><div id="a180820" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:334.9px;">securities borrowing agreements</div><div id="a180821" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:121.004px;top:335.6px;">7</div><div id="a180824_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:271.95px;top:328.8px;">3.8</div><div id="a180833_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:665.657px;top:328.8px;">3.8</div><div id="a180836" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:347.2px;">Total </div><div id="a180839_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:266.75px;top:347.2px;">65.4</div><div id="a180842_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.564px;top:347.2px;">0.3</div><div id="a180845_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:391.684px;top:347.2px;">0.4</div><div id="a180848_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:449.417px;top:347.2px;">0.0</div><div id="a180854_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.457px;top:347.2px;">66.2</div></div><div id="TextBlockContainer1558" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:445px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1556_XBRL_TS_5101ce7dc71c45c18ccf655d75179f94" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1557" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:445px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a180860" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:437.084px;top:0px;">31.12.21 </div><div id="a180862" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:35.9px;">USD bn </div><div id="a180865" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.044px;top:24.6px;">Due within<div style="display:inline-block;width:2.96px"> </div></div><div id="a180867" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:253.03px;top:35.9px;">1 month </div><div id="a180869" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:295.15px;top:12.8px;">Due between<div style="display:inline-block;width:2.85px"> </div></div><div id="a180871" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.964px;top:24.6px;">1 and 3 </div><div id="a180872" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.91px;top:35.9px;">months </div><div id="a180874" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:355.244px;top:12.8px;">Due between<div style="display:inline-block;width:2.84px"> </div></div><div id="a180876" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.324px;top:24.6px;">3 and 12 </div><div id="a180877" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:35.9px;">months </div><div id="a180879" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.03px;top:24.6px;">Due between<div style="display:inline-block;width:2.84px"> </div></div><div id="a180881" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:411.55px;top:35.9px;">1 and 2 years </div><div id="a180883" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:472.59px;top:24.6px;">Due between<div style="display:inline-block;width:2.84px"> </div></div><div id="a180885" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:472.11px;top:35.9px;">2 and 5 years </div><div id="a180887" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:542.604px;top:24.6px;">Due over<div style="display:inline-block;width:2.84px"> </div></div><div id="a180889" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.257px;top:35.9px;">5 years </div><div id="a180891" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.67px;top:12.8px;">Perpetual / </div><div id="a180892" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:611.724px;top:24.6px;">Not </div><div id="a180893" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.044px;top:35.9px;">applicable </div><div id="a180895" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.044px;top:35.9px;">Total </div><div id="a180907" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:53px;">Financial liabilities recognized<div style="display:inline-block;width:3.95px"> </div>on balance sheet</div><div id="a180908" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:175.884px;top:53.6px;">1</div><div id="a180919" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:65.3px;">Amounts due to banks<div style="display:inline-block;width:3.11px"> </div></div><div id="a180922_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:271.95px;top:65.3px;">6.7</div><div id="a180925_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.044px;top:65.3px;">2.4</div><div id="a180928_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.164px;top:65.3px;">3.5</div><div id="a180931_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:65.3px;">0.0</div><div id="a180934_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.51px;top:65.3px;">0.5</div><div id="a180939_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.99px;top:65.3px;">13.1</div><div id="a180942" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:78.5px;">Payables from securities financing<div style="display:inline-block;width:3.7px"> </div>transactions </div><div id="a180945_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:271.95px;top:78.5px;">3.8</div><div id="a180948_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.044px;top:78.5px;">0.3</div><div id="a180951_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.164px;top:78.5px;">1.6</div><div id="a180954_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:78.5px;">0.0</div><div id="a180957" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.324px;top:78.5px;"><div style="display:inline-block;width:2.37px"> </div></div><div id="a180961_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.19px;top:78.5px;">5.7</div><div id="a180964" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:91.3px;">Cash collateral payables on derivative instruments </div><div id="a180967_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:266.75px;top:91.3px;">31.8</div><div id="a180970" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:343.897px;top:91.3px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a180972" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.99px;top:91.3px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a180974" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.764px;top:91.3px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a180976" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.324px;top:91.3px;"><div style="display:inline-block;width:2.37px"> </div></div><div id="a180980_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.99px;top:91.3px;">31.8</div><div id="a180983" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:104.5px;">Customer deposits </div><div id="a180986_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.017px;top:104.5px;">531.0</div><div id="a180989_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.044px;top:104.5px;">6.6</div><div id="a180992_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.164px;top:104.5px;">3.3</div><div id="a180995_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:104.5px;">2.0</div><div id="a180998_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.51px;top:104.5px;">1.9</div><div id="a181001_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:563.444px;top:104.5px;">0.4</div><div id="a181005_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.257px;top:104.5px;">545.1</div><div id="a181008" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:117.8px;">Funding from UBS Group AG</div><div id="a181009" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:108.23px;top:118.4px;">2</div><div id="a181012_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:271.95px;top:117.8px;">0.2</div><div id="a181015_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.044px;top:117.8px;">3.3</div><div id="a181018_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.164px;top:117.8px;">2.3</div><div id="a181021_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:117.8px;">7.8</div><div id="a181024_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:504.31px;top:117.8px;">21.1</div><div id="a181027_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:558.244px;top:117.8px;">16.9</div><div id="a181030_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.937px;top:117.8px;">13.7</div><div id="a181033_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.99px;top:117.8px;">65.3</div><div id="a181036" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:130.6px;">Debt issued measured at amortized cost </div><div id="a181039_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:271.95px;top:130.6px;">3.8</div><div id="a181042_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.044px;top:130.6px;">9.4</div><div id="a181045_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.924px;top:130.6px;">38.8</div><div id="a181048_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:130.6px;">9.0</div><div id="a181051_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:504.31px;top:130.6px;">16.1</div><div id="a181054_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:563.444px;top:130.6px;">7.6</div><div id="a181058_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.99px;top:130.6px;">84.7</div><div id="a181061" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:143.8px;">Other financial liabilities measured at amortized cost </div><div id="a181064_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:271.95px;top:143.8px;">5.3</div><div id="a181067_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.044px;top:143.8px;">0.1</div><div id="a181070_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.164px;top:143.8px;">0.4</div><div id="a181073_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:143.8px;">0.6</div><div id="a181076_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.51px;top:143.8px;">1.2</div><div id="a181079_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:563.444px;top:143.8px;">1.5</div><div id="a181082" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:624.964px;top:143.8px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181084_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.19px;top:143.8px;">9.1</div><div id="a181087" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:156.6px;">of which: lease liabilities </div><div id="a181090_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:271.95px;top:156.6px;">0.1</div><div id="a181093_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.044px;top:156.6px;">0.1</div><div id="a181096_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.164px;top:156.6px;">0.4</div><div id="a181099_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:448.937px;top:156.6px;">0.6</div><div id="a181102_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.51px;top:156.6px;">1.2</div><div id="a181105_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:563.444px;top:156.6px;">1.5</div><div id="a181109_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:665.19px;top:156.6px;">3.9</div><div id="a181112" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:168.9px;">Total financial liabilities measured<div style="display:inline-block;width:3.9px"> </div>at amortized cost </div><div id="a181115_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.017px;top:168.9px;">582.6</div><div id="a181118_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.844px;top:168.9px;">22.1</div><div id="a181121_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.924px;top:168.9px;">49.9</div><div id="a181124_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:443.737px;top:168.9px;">19.4</div><div id="a181127_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:504.31px;top:168.9px;">40.8</div><div id="a181130_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:558.244px;top:168.9px;">26.4</div><div id="a181133_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.937px;top:168.9px;">13.7</div><div id="a181136_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.257px;top:168.9px;">754.8</div><div id="a181139" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:182.1px;">Financial liabilities at fair value held for trading</div><div id="a181140" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:173.524px;top:182.8px;">3,4</div><div id="a181143_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:266.75px;top:182.1px;">31.7</div><div id="a181146" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:343.897px;top:182.1px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181148" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.99px;top:182.1px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181150" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.764px;top:182.1px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181152" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.324px;top:182.1px;"><div style="display:inline-block;width:2.37px"> </div></div><div id="a181154" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.27px;top:182.1px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181156" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:624.964px;top:182.1px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181158_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.99px;top:182.1px;">31.7</div><div id="a181161" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:194.9px;">Derivative financial instruments</div><div id="a181162" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:116.737px;top:195.5px;">3,5</div><div id="a181165_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.017px;top:194.9px;">121.3</div><div id="a181168" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:343.897px;top:194.9px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181170" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.99px;top:194.9px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181172" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.764px;top:194.9px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181175" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.27px;top:194.9px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181177" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:624.964px;top:194.9px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181179_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.257px;top:194.9px;">121.3</div><div id="a181182" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:208.2px;">Brokerage payables designated at<div style="display:inline-block;width:4.03px"> </div>fair value </div><div id="a181185_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:266.75px;top:208.2px;">44.0</div><div id="a181188" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:343.897px;top:208.2px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181190" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.99px;top:208.2px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181192" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.764px;top:208.2px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181194" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.324px;top:208.2px;"><div style="display:inline-block;width:2.37px"> </div></div><div id="a181196" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.27px;top:208.2px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181198" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:624.964px;top:208.2px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181200_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.99px;top:208.2px;">44.0</div><div id="a181203" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:220.9px;">Debt issued designated at fair value</div><div id="a181204" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:132.857px;top:221.6px;">6</div><div id="a181207_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:266.75px;top:220.9px;">13.8</div><div id="a181210_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.844px;top:220.9px;">11.5</div><div id="a181213_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.924px;top:220.9px;">13.5</div><div id="a181216_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:443.737px;top:220.9px;">18.8</div><div id="a181219_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.51px;top:220.9px;">5.6</div><div id="a181222_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:558.244px;top:220.9px;">12.5</div><div id="a181226_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.99px;top:220.9px;">75.9</div><div id="a181229" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:234.2px;">Other financial liabilities designated at fair value </div><div id="a181233_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:266.75px;top:234.2px;">28.1</div><div id="a181236_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.044px;top:234.2px;">0.4</div><div id="a181239_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.164px;top:234.2px;">0.5</div><div id="a181242_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:234.2px;">0.2</div><div id="a181245_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.51px;top:234.2px;">0.2</div><div id="a181248_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:563.444px;top:234.2px;">7.1</div><div id="a181251" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:624.964px;top:234.2px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181253_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.99px;top:234.2px;">36.5</div><div id="a181256" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:246.5px;">Total financial liabilities measured<div style="display:inline-block;width:3.9px"> </div>at fair value through </div><div id="a181257" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:258.3px;">profit or loss </div><div id="a181260_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.017px;top:252.2px;">239.0</div><div id="a181263_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.844px;top:252.2px;">11.9</div><div id="a181266_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.924px;top:252.2px;">14.0</div><div id="a181269_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:443.737px;top:252.2px;">19.0</div><div id="a181272_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.51px;top:252.2px;">5.8</div><div id="a181275_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:558.244px;top:252.2px;">19.6</div><div id="a181279_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.257px;top:252.2px;">309.4</div><div id="a181282" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:271.1px;">Total<div style="display:inline-block;width:3.18px"> </div></div><div id="a181285_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.017px;top:271.1px;">821.6</div><div id="a181288_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.844px;top:271.1px;">34.0</div><div id="a181291_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.924px;top:271.1px;">63.9</div><div id="a181294_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:443.737px;top:271.1px;">38.4</div><div id="a181297_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:504.31px;top:271.1px;">46.6</div><div id="a181300_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:558.244px;top:271.1px;">45.9</div><div id="a181303_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.937px;top:271.1px;">13.7</div><div id="a181306_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:648.137px;top:271.1px;">1,064.2</div><div id="a181319" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:289.1px;">Guarantees, commitments<div style="display:inline-block;width:3.73px"> </div>and forward starting transactions </div><div id="a181321" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:301.8px;">Loan commitments</div><div id="a181322" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:71.785px;top:302.5px;">7</div><div id="a181325_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:266.75px;top:301.8px;">38.3</div><div id="a181328_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.044px;top:301.8px;">0.5</div><div id="a181331_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.164px;top:301.8px;">0.7</div><div id="a181334_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:301.8px;">0.0</div><div id="a181337" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.324px;top:301.8px;"><div style="display:inline-block;width:2.37px"> </div></div><div id="a181339" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.27px;top:301.8px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181341" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:624.964px;top:301.8px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181343_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.99px;top:301.8px;">39.5</div><div id="a181346" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:314.6px;">Guarantees </div><div id="a181349_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:266.75px;top:314.6px;">21.2</div><div id="a181352" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:343.897px;top:314.6px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181355" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.764px;top:314.6px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181357" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.324px;top:314.6px;"><div style="display:inline-block;width:2.37px"> </div></div><div id="a181359" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.27px;top:314.6px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181361" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:624.964px;top:314.6px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181363_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.99px;top:314.6px;">21.2</div><div id="a181366" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:327.9px;">Forward starting transactions,<div style="display:inline-block;width:4.04px"> </div>reverse repurchase </div><div id="a181368" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:339.2px;">and securities borrowing agreements</div><div id="a181370" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:137.11px;top:339.8px;">7</div><div id="a181373_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:271.95px;top:339.2px;">1.4</div><div id="a181376" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:343.897px;top:339.2px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181378" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.99px;top:339.2px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181380" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.764px;top:339.2px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181382" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.324px;top:339.2px;"><div style="display:inline-block;width:2.37px"> </div></div><div id="a181384" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.27px;top:339.2px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181386" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:624.964px;top:339.2px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181388_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.19px;top:339.2px;">1.4</div><div id="a181391" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:352px;">Total<div style="display:inline-block;width:3.18px"> </div></div><div id="a181394_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:266.75px;top:352px;">60.9</div><div id="a181397_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.564px;top:352px;">0.5</div><div id="a181400_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:391.684px;top:352px;">0.7</div><div id="a181403_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.47px;top:352px;">0.0</div><div id="a181409_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.99px;top:352px;">62.1</div><div id="a181412" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:365.6px;">1 Except for financial<div style="display:inline-block;width:3.66px"> </div>liabilities at fair<div style="display:inline-block;width:3.63px"> </div>value held for<div style="display:inline-block;width:3.78px"> </div>trading and derivative<div style="display:inline-block;width:4.09px"> </div>financial instruments<div style="display:inline-block;width:3.47px"> </div>(see footnote 3),<div style="display:inline-block;width:3.64px"> </div>the amounts<div style="display:inline-block;width:4px"> </div>presented generally represent<div style="display:inline-block;width:4.52px"> </div>undiscounted cash<div style="display:inline-block;width:3.63px"> </div>flows of future interest<div style="display:inline-block;width:4.1px"> </div>and principal </div><div id="a181415" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:375.5px;">payments.<div style="display:inline-block;width:8.83px"> </div>2 The time-<div style="display:inline-block;width:1.35px"> </div>bucket Perpetual<div style="display:inline-block;width:3.48px"> </div>/ Not applicable includes<div style="display:inline-block;width:3.79px"> </div>perpetual loss-absorbing<div style="display:inline-block;width:3.4px"> </div>additional tier 1 capital<div style="display:inline-block;width:3.49px"> </div>instruments.<div style="display:inline-block;width:8.98px"> </div>3 Carrying amount<div style="display:inline-block;width:3.64px"> </div>is fair value. Management<div style="display:inline-block;width:4.12px"> </div>believes that this best<div style="display:inline-block;width:3.54px"> </div>represents the </div><div id="a181421" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:385.9px;">cash flows that would have to be paid if these positions had to be settled or closed out.<div style="display:inline-block;width:8.69px"> </div>4 Contractual maturities of financial<div style="display:inline-block;width:3.71px"> </div>liabilities at fair value held for trading are: USD </div><div id="a181421_183_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:544.401px;top:385.9px;">27.8</div><div id="a181421_187_35" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:559.534px;top:385.9px;">bn due within 1 month (31 December </div><div id="a181425" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:395.9px;">2021: USD </div><div id="a181425_10_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:39.626px;top:395.9px;">30.8</div><div id="a181425_14_9" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:54.286px;top:395.9px;">bn), USD </div><div id="a181425_23_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:84.59px;top:395.9px;">1.7</div><div id="a181425_26_57" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:94.994px;top:395.9px;">bn due between<div style="display:inline-block;width:3.8px"> </div>1 month and<div style="display:inline-block;width:4.11px"> </div>1 year (31<div style="display:inline-block;width:4px"> </div>December 2021:<div style="display:inline-block;width:3.52px"> </div>USD </div><div id="a181425_83_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:298.47px;top:395.9px;">0.9</div><div id="a181425_86_12" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:309.347px;top:395.9px;">bn) and USD </div><div id="a181425_98_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:351.457px;top:395.9px;">0</div><div id="a181425_99_52" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:355.713px;top:395.9px;">bn due between<div style="display:inline-block;width:3.8px"> </div>1 and<div style="display:inline-block;width:3.49px"> </div>5 years (31<div style="display:inline-block;width:3.84px"> </div>December 2021:<div style="display:inline-block;width:3.52px"> </div>USD </div><div id="a181425_151_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:539.777px;top:395.9px;">0</div><div id="a181425_152_23" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:544.033px;top:395.9px;">bn).<div style="display:inline-block;width:9.63px"> </div>5 Includes<div style="display:inline-block;width:3.64px"> </div>USD </div><div id="a181425_175_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:615.977px;top:395.9px;">46</div><div id="a181425_177_15" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:624.962px;top:395.9px;">m (31 December </div><div id="a181441" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:405.8px;">2021: USD </div><div id="a181441_10_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:39.626px;top:405.8px;">34</div><div id="a181441_12_195" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:48.139px;top:405.8px;">m) related<div style="display:inline-block;width:3.95px"> </div>to fair<div style="display:inline-block;width:3.78px"> </div>values<div style="display:inline-block;width:3.46px"> </div>of derivative<div style="display:inline-block;width:3.76px"> </div>loan commitments<div style="display:inline-block;width:4.38px"> </div>and forward<div style="display:inline-block;width:4.55px"> </div>starting reverse<div style="display:inline-block;width:4.09px"> </div>repurchase<div style="display:inline-block;width:3.63px"> </div>agreements classified<div style="display:inline-block;width:4.42px"> </div>as derivatives,<div style="display:inline-block;width:4.56px"> </div>presented within<div style="display:inline-block;width:4.1px"> </div>“Due within<div style="display:inline-block;width:3.95px"> </div>1 month.”<div style="display:inline-block;width:4.43px"> </div>The full<div style="display:inline-block;width:3.95px"> </div>contractual </div><div id="a181447" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:416.2px;">committed amount<div style="display:inline-block;width:3.76px"> </div>of USD </div><div id="a181447_24_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:90.257px;top:416.2px;">34.4</div><div id="a181447_28_26" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:104.917px;top:416.2px;">bn (31 December<div style="display:inline-block;width:4.45px"> </div>2021: USD </div><div id="a181447_54_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:199.564px;top:416.2px;">36.0</div><div id="a181447_58_146" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:214.224px;top:416.2px;">bn) is<div style="display:inline-block;width:3.47px"> </div>presented in<div style="display:inline-block;width:3.47px"> </div>Note 10<div style="display:inline-block;width:3.65px"> </div>under notional<div style="display:inline-block;width:3.93px"> </div>amounts.<div style="display:inline-block;width:11.19px"> </div>6 Future<div style="display:inline-block;width:3.49px"> </div>interest<div style="display:inline-block;width:3.62px"> </div>payments on<div style="display:inline-block;width:3.46px"> </div>variable-rate<div style="display:inline-block;width:3.49px"> </div>liabilities are<div style="display:inline-block;width:4.09px"> </div>determined by<div style="display:inline-block;width:3.63px"> </div>reference to<div style="display:inline-block;width:3.79px"> </div>the </div><div id="a181455" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:426.1px;">applicable interest rate prevailing<div style="display:inline-block;width:3.47px"> </div>as of the reporting date. Future principal<div style="display:inline-block;width:3.81px"> </div>payments that are variable<div style="display:inline-block;width:3.48px"> </div>are determined by reference to the conditions<div style="display:inline-block;width:3.87px"> </div>existing at the relevant reporting<div style="display:inline-block;width:3.89px"> </div>date.<div style="display:inline-block;width:8.21px"> </div>7 Excludes derivative loan </div><div id="a181460" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:436.5px;">commitments and forward starting<div style="display:inline-block;width:3.77px"> </div>reverse repurchase agreements<div style="display:inline-block;width:3.95px"> </div>measured at fair value (see<div style="display:inline-block;width:3.8px"> </div>footnote 5).</div></div></div></div> <div id="TextBlockContainer1544" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#9A3D37;line-height:normal;width:687px;height:438px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1542_XBRL_TS_61354d61f4bc4235b55fae09fe6390fd" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1543" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#9A3D37;line-height:normal;width:687px;height:438px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a178956" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.977px;top:0px;">31.12.22 </div><div id="a178958" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.181px;top:36px;">USD bn </div><div id="a178960" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.99px;top:24.2px;">Due within<div style="display:inline-block;width:2.96px"> </div></div><div id="a178962" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:253.977px;top:36px;">1 month </div><div id="a178964" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:296.097px;top:12.8px;">Due between<div style="display:inline-block;width:2.85px"> </div></div><div id="a178966" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.43px;top:24.2px;">1 and 3 </div><div id="a178967" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:317.857px;top:36px;">months </div><div id="a178969" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.19px;top:12.8px;">Due between<div style="display:inline-block;width:2.84px"> </div></div><div id="a178971" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.79px;top:24.2px;">3 and 12 </div><div id="a178972" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.95px;top:36px;">months </div><div id="a178974" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.91px;top:24.2px;">Due between<div style="display:inline-block;width:2.85px"> </div></div><div id="a178976" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.444px;top:36px;">1 and 2 years </div><div id="a178978" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.484px;top:24.2px;">Due between<div style="display:inline-block;width:2.84px"> </div></div><div id="a178980" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.004px;top:36px;">2 and 5 years </div><div id="a178982" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.497px;top:24.2px;">Due over<div style="display:inline-block;width:2.84px"> </div></div><div id="a178984" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:551.15px;top:36px;">5 years </div><div id="a178986" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.51px;top:12.8px;">Perpetual / </div><div id="a178987" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.03px;top:24.2px;">Not </div><div id="a178988" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.35px;top:36px;">applicable </div><div id="a178990" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.35px;top:36px;">Total </div><div id="a178992" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:48.3px;">Assets </div><div id="a179002" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:60.6px;">Total financial assets measured at amortized<div style="display:inline-block;width:3.71px"> </div>cost</div><div id="a179003" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:181.59px;top:61.2px;">1</div><div id="a179005_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:262.964px;top:60.6px;">425.2</div><div id="a179008_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:327.79px;top:60.6px;">28.7</div><div id="a179011_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:387.87px;top:60.6px;">34.5</div><div id="a179014_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:445.63px;top:60.6px;">78.8</div><div id="a179017_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.19px;top:60.6px;">70.5</div><div id="a179020_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:560.137px;top:60.6px;">92.8</div><div id="a179024_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:658.564px;top:60.6px;">730.4</div><div id="a179027" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.181px;top:72.9px;">Loans and advances to customers </div><div id="a179029_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:262.964px;top:72.9px;">141.9</div><div id="a179032_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:327.79px;top:72.9px;">16.3</div><div id="a179035_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:387.87px;top:72.9px;">28.3</div><div id="a179038_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:445.63px;top:72.9px;">74.9</div><div id="a179041_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:506.19px;top:72.9px;">55.6</div><div id="a179044_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:560.137px;top:72.9px;">73.0</div><div id="a179048_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:658.564px;top:72.9px;">390.0</div><div id="a179051" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:86.1px;">Total financial assets measured at fair value through<div style="display:inline-block;width:4.45px"> </div>profit or </div><div id="a179052" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:97.9px;">loss </div><div id="a179054_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:262.964px;top:86.1px;">300.4</div><div id="a179057_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:327.79px;top:86.1px;">10.0</div><div id="a179060_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:393.11px;top:86.1px;">7.8</div><div id="a179063_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:450.83px;top:86.1px;">3.6</div><div id="a179066_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:511.404px;top:86.1px;">9.9</div><div id="a179069_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:565.337px;top:86.1px;">2.0</div><div id="a179072_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:616.444px;top:86.1px;">1.5</div><div id="a179075_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:658.564px;top:86.1px;">335.1</div><div id="a179078" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.181px;top:110.3px;">Financial assets at fair value not held for trading </div><div id="a179081_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:267.697px;top:110.3px;">24.6</div><div id="a179084_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:327.79px;top:110.3px;">10.0</div><div id="a179087_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:393.11px;top:110.3px;">7.8</div><div id="a179090_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:450.83px;top:110.3px;">3.6</div><div id="a179093_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:511.404px;top:110.3px;">9.9</div><div id="a179096_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:565.337px;top:110.3px;">2.0</div><div id="a179099_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:616.444px;top:110.3px;">1.5</div><div id="a179102_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:663.297px;top:110.3px;">59.4</div><div id="a179105" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:122.5px;">Financial assets measured at fair value through<div style="display:inline-block;width:4.15px"> </div>other </div><div id="a179106" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:134.4px;">comprehensive income</div><div id="a179107" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:85.524px;top:135px;">1</div><div id="a179109_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:272.897px;top:122.5px;">0.3</div><div id="a179112_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.99px;top:122.5px;">0.9</div><div id="a179115_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:393.11px;top:122.5px;">0.9</div><div id="a179118_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:450.83px;top:122.5px;">0.1</div><div id="a179121_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:511.404px;top:122.5px;">0.0</div><div id="a179124_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:565.337px;top:122.5px;">0.0</div><div id="a179128_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.497px;top:122.5px;">2.2</div><div id="a179131" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:146.7px;">Total non-financial assets </div><div id="a179135_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:272.897px;top:146.7px;">7.1</div><div id="a179139_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:393.11px;top:146.7px;">0.2</div><div id="a179143_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:511.404px;top:146.7px;">2.0</div><div id="a179146_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:565.337px;top:146.7px;">0.4</div><div id="a179149_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:611.244px;top:146.7px;">28.0</div><div id="a179152_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.297px;top:146.7px;">37.7</div><div id="a179155" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:159px;">Total assets </div><div id="a179157_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.964px;top:159px;">732.9</div><div id="a179160_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:159px;">39.5</div><div id="a179163_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.87px;top:159px;">43.4</div><div id="a179166_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:445.63px;top:159px;">82.4</div><div id="a179169_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.19px;top:159px;">82.4</div><div id="a179172_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.137px;top:159px;">95.1</div><div id="a179175_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:611.244px;top:159px;">29.6</div><div id="a179178_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:159px;">1,105.4</div><div id="a179190" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:173.7px;">Liabilities </div><div id="a179200" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:185.9px;">Total financial liabilities measured at amortized<div style="display:inline-block;width:3.92px"> </div>cost </div><div id="a179202_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:262.964px;top:185.9px;">524.3</div><div id="a179205_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:327.79px;top:185.9px;">40.2</div><div id="a179208_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:387.87px;top:185.9px;">49.6</div><div id="a179211_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:445.63px;top:185.9px;">20.7</div><div id="a179214_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.19px;top:185.9px;">35.2</div><div id="a179217_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:560.137px;top:185.9px;">23.5</div><div id="a179220_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:611.244px;top:185.9px;">11.8</div><div id="a179223_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:658.564px;top:185.9px;">705.4</div><div id="a179226" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.181px;top:198.2px;">Customer deposits </div><div id="a179228_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:262.964px;top:198.2px;">464.5</div><div id="a179231_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:327.79px;top:198.2px;">28.5</div><div id="a179234_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:387.87px;top:198.2px;">23.8</div><div id="a179237_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:450.83px;top:198.2px;">7.7</div><div id="a179240_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:511.404px;top:198.2px;">2.3</div><div id="a179243_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:565.337px;top:198.2px;">0.3</div><div id="a179247_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:658.564px;top:198.2px;">527.2</div><div id="a179250" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.181px;top:211.5px;">Funding from UBS Group AG </div><div id="a179252_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:272.897px;top:211.5px;">2.0</div><div id="a179257_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:450.83px;top:211.5px;">4.8</div><div id="a179260_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:506.19px;top:211.5px;">21.2</div><div id="a179263_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:560.137px;top:211.5px;">16.3</div><div id="a179266_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:611.244px;top:211.5px;">11.8</div><div id="a179269_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:663.297px;top:211.5px;">56.1</div><div id="a179272" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.181px;top:224.3px;">Debt issued measured at amortized cost </div><div id="a179274_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:272.897px;top:224.3px;">4.6</div><div id="a179277_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:332.99px;top:224.3px;">8.8</div><div id="a179280_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:387.87px;top:224.3px;">23.3</div><div id="a179283_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:450.83px;top:224.3px;">7.2</div><div id="a179286_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:506.19px;top:224.3px;">10.0</div><div id="a179289_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:565.337px;top:224.3px;">5.7</div><div id="a179293_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:663.297px;top:224.3px;">59.5</div><div id="a179296" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:237.5px;">of which: non-subordinated fixed rate debt </div><div id="a179300_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:272.897px;top:237.5px;">3.1</div><div id="a179303_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:332.99px;top:237.5px;">4.0</div><div id="a179306_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:387.87px;top:237.5px;">13.2</div><div id="a179309_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:450.83px;top:237.5px;">2.8</div><div id="a179312_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:511.404px;top:237.5px;">7.8</div><div id="a179315_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:565.337px;top:237.5px;">5.7</div><div id="a179319_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:663.297px;top:237.5px;">36.6</div><div id="a179322" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:250.3px;">of which: non-subordinated floating rate debt </div><div id="a179327_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:272.897px;top:250.3px;">1.5</div><div id="a179330_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:332.99px;top:250.3px;">4.8</div><div id="a179333_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:387.87px;top:250.3px;">10.1</div><div id="a179336_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:450.83px;top:250.3px;">1.9</div><div id="a179339_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:511.404px;top:250.3px;">1.6</div><div id="a179344_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:663.297px;top:250.3px;">19.9</div><div id="a179347" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:263.5px;">of which: subordinated fixed-rate debt </div><div id="a179354_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:450.83px;top:263.5px;">2.4</div><div id="a179357_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:511.404px;top:263.5px;">0.5</div><div id="a179362_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:668.497px;top:263.5px;">3.0</div><div id="a179365" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:275.8px;">Total financial liabilities measured at fair value<div style="display:inline-block;width:3.87px"> </div>through </div><div id="a179366" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:287.7px;">profit or loss</div><div id="a179371" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:48.14px;top:288.3px;">2</div><div id="a179373_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:262.964px;top:275.8px;">265.9</div><div id="a179376_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:327.79px;top:275.8px;">13.8</div><div id="a179379_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:387.87px;top:275.8px;">16.3</div><div id="a179382_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:445.63px;top:275.8px;">19.6</div><div id="a179385_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:511.404px;top:275.8px;">7.3</div><div id="a179388_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:560.137px;top:275.8px;">10.5</div><div id="a179392_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:658.564px;top:275.8px;">333.4</div><div id="a179395" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.181px;top:299.9px;">Debt issued designated at fair value </div><div id="a179397_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:272.897px;top:299.9px;">9.3</div><div id="a179400_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:327.79px;top:299.9px;">12.3</div><div id="a179403_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:387.87px;top:299.9px;">15.9</div><div id="a179406_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:445.63px;top:299.9px;">19.3</div><div id="a179409_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:511.404px;top:299.9px;">6.9</div><div id="a179412_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:565.337px;top:299.9px;">8.2</div><div id="a179416_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:663.297px;top:299.9px;">71.8</div><div id="a179419" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:312.7px;">of which: non-subordinated fixed rate debt </div><div id="a179423_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:272.897px;top:312.7px;">0.5</div><div id="a179426_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:332.99px;top:312.7px;">2.3</div><div id="a179429_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:393.11px;top:312.7px;">5.6</div><div id="a179432_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:450.83px;top:312.7px;">3.6</div><div id="a179435_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:511.404px;top:312.7px;">2.0</div><div id="a179438_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:565.337px;top:312.7px;">1.6</div><div id="a179442_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:663.297px;top:312.7px;">15.6</div><div id="a179445" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:326px;">of which: non-subordinated floating rate debt </div><div id="a179449_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:272.897px;top:326px;">8.8</div><div id="a179452_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:327.79px;top:326px;">10.0</div><div id="a179455_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:387.87px;top:326px;">10.3</div><div id="a179458_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:445.63px;top:326px;">15.7</div><div id="a179461_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:511.404px;top:326px;">4.9</div><div id="a179464_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:565.337px;top:326px;">6.6</div><div id="a179468_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:663.297px;top:326px;">56.2</div><div id="a179471" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:338.3px;">Total non-financial liabilities </div><div id="a179475_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:272.897px;top:338.3px;">6.7</div><div id="a179478_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.99px;top:338.3px;">2.6</div><div id="a179485_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:616.444px;top:338.3px;">0.5</div><div id="a179488_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.497px;top:338.3px;">9.7</div><div id="a179491" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:350.6px;">Total liabilities<div style="display:inline-block;width:3.21px"> </div></div><div id="a179493_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.964px;top:350.6px;">796.9</div><div id="a179496_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:327.79px;top:350.6px;">56.5</div><div id="a179499_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.87px;top:350.6px;">65.9</div><div id="a179502_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:445.63px;top:350.6px;">40.4</div><div id="a179505_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.19px;top:350.6px;">42.5</div><div id="a179508_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.137px;top:350.6px;">34.0</div><div id="a179511_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:611.244px;top:350.6px;">12.3</div><div id="a179514_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.47px;top:350.6px;">1,048.5</div><div id="a179526" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:365.2px;">Guarantees, loan commitments<div style="display:inline-block;width:4.15px"> </div>and forward starting transactions</div><div id="a179527" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:240.27px;top:365.9px;">3</div><div id="a179530" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:377.5px;">Loan commitments </div><div id="a179532_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:267.697px;top:377.5px;">39.3</div><div id="a179535_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.99px;top:377.5px;">0.3</div><div id="a179538_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:393.11px;top:377.5px;">0.4</div><div id="a179541_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:450.83px;top:377.5px;">0.0</div><div id="a179547_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.297px;top:377.5px;">40.0</div><div id="a179550" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:390.8px;">Guarantees </div><div id="a179552_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:267.697px;top:390.8px;">22.4</div><div id="a179561_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.297px;top:390.8px;">22.4</div><div id="a179564" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:403.6px;">Forward starting transactions,<div style="display:inline-block;width:4.04px"> </div>reverse repurchase and </div><div id="a179565" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:415.4px;">securities borrowing agreements </div><div id="a179567_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:272.897px;top:403.6px;">3.8</div><div id="a179576_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.497px;top:403.6px;">3.8</div><div id="a179579" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:427.7px;">Total </div><div id="a179581_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:267.697px;top:427.7px;">65.4</div><div id="a179584_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.51px;top:427.7px;">0.3</div><div id="a179587_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.63px;top:427.7px;">0.4</div><div id="a179590_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:450.364px;top:427.7px;">0.0</div><div id="a179596_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:427.7px;">66.2</div></div></div></div> 425200000000 28700000000 34500000000 78800000000 70500000000 92800000000 730400000000 141900000000 16300000000 28300000000 74900000000 55600000000 73000000000.0 390000000000.0 300400000000 10000000000.0 7800000000 3600000000 9900000000 2000000000.0 1500000000 335100000000 24600000000 10000000000.0 7800000000 3600000000 9900000000 2000000000.0 1500000000 59400000000 300000000 900000000 900000000 100000000 0.0 0.0 2200000000 7100000000 200000000 2000000000.0 400000000 28000000000.0 37700000000 732900000000 39500000000 43400000000 82400000000 82400000000 95100000000 29600000000 1105400000000 524300000000 40200000000 49600000000 20700000000 35200000000 23500000000 11800000000 705400000000 464500000000 28500000000 23800000000 7700000000 2300000000 300000000 527200000000 2000000000.0 4800000000 21200000000 16300000000 11800000000 56100000000 4600000000 8800000000 23300000000 7200000000 10000000000.0 5700000000 59500000000 3100000000 4000000000.0 13200000000 2800000000 7800000000 5700000000 36600000000 1500000000 4800000000 10100000000 1900000000 1600000000 19900000000 2400000000 500000000 3000000000.0 265900000000 13800000000 16300000000 19600000000 7300000000 10500000000 333400000000 9300000000 12300000000 15900000000 19300000000 6900000000 8200000000 71800000000 500000000 2300000000 5600000000 3600000000 2000000000.0 1600000000 15600000000 8800000000 10000000000.0 10300000000 15700000000 4900000000 6600000000 56200000000 6700000000 2600000000 500000000 9700000000 796900000000 56500000000 65900000000 40400000000 42500000000 34000000000.0 12300000000 1048500000000 39300000000 300000000 400000000 0.0 40000000000.0 22400000000 22400000000 3800000000 3800000000 65400000000 300000000 400000000 0.0 66200000000 <div id="TextBlockContainer1547" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:492px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a179610" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:438.03px;top:0px;">31.12.21 </div><div id="a179612" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:36.9px;">USD bn </div><div id="a179614" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.524px;top:25.1px;">Due within </div><div id="a179616" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:253.03px;top:36.9px;">1 month </div><div id="a179618" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:295.63px;top:13.3px;">Due between </div><div id="a179620" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.964px;top:25.1px;">1 and 3 </div><div id="a179621" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.91px;top:36.9px;">months </div><div id="a179623" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:355.724px;top:13.3px;">Due between </div><div id="a179626" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.324px;top:25.1px;">3 and 12 </div><div id="a179627" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:36.9px;">months </div><div id="a179629" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.444px;top:25.1px;">Due between </div><div id="a179631" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.497px;top:36.9px;">1 and 2 years </div><div id="a179633" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.004px;top:25.1px;">Due between </div><div id="a179635" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:473.057px;top:36.9px;">2 and 5 years </div><div id="a179637" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:543.55px;top:25.1px;">Due over </div><div id="a179639" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.204px;top:36.9px;">5 years </div><div id="a179641" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:586.617px;top:13.3px;">Perpetual / </div><div id="a179643" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:612.657px;top:25.1px;">Not </div><div id="a179644" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.99px;top:36.9px;">applicable </div><div id="a179646" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.457px;top:36.9px;">Total </div><div id="a179648" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:49.2px;">Assets </div><div id="a179658" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:61.5px;">Total financial assets measured at amortized<div style="display:inline-block;width:3.71px"> </div>cost </div><div id="a179660_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.017px;top:61.5px;">454.3</div><div id="a179663_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.844px;top:61.5px;">45.6</div><div id="a179666_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.924px;top:61.5px;">43.2</div><div id="a179669_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.684px;top:61.5px;">53.7</div><div id="a179672_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.257px;top:61.5px;">64.2</div><div id="a179675_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.19px;top:61.5px;">77.6</div><div id="a179679_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:61.5px;">738.6</div><div id="a179682" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:73.8px;">Loans and advances to customers </div><div id="a179685_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:262.017px;top:73.8px;">157.8</div><div id="a179688_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:326.844px;top:73.8px;">28.5</div><div id="a179691_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:386.924px;top:73.8px;">37.3</div><div id="a179694_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.684px;top:73.8px;">49.7</div><div id="a179697_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:505.257px;top:73.8px;">55.1</div><div id="a179700_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:559.19px;top:73.8px;">70.3</div><div id="a179703" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:625.91px;top:73.8px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a179705_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:73.8px;">398.7</div><div id="a179708" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:87px;">Total financial assets measured at fair value through<div style="display:inline-block;width:4.45px"> </div>profit or </div><div id="a179709" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:98.9px;">loss </div><div id="a179711_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.017px;top:98.9px;">300.7</div><div id="a179714_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.044px;top:98.9px;">5.8</div><div id="a179717_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.164px;top:98.9px;">8.1</div><div id="a179720_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:449.884px;top:98.9px;">5.2</div><div id="a179723_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:510.457px;top:98.9px;">7.1</div><div id="a179726_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.39px;top:98.9px;">2.5</div><div id="a179729_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:614.084px;top:98.9px;">1.4</div><div id="a179732_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:98.9px;">330.7</div><div id="a179735" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:111.2px;">Financial assets at fair value not held for trading </div><div id="a179737" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:266.75px;top:111.2px;">29.7</div><div id="a179739_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.044px;top:111.2px;">5.8</div><div id="a179742_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.164px;top:111.2px;">8.1</div><div id="a179745_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:449.884px;top:111.2px;">5.2</div><div id="a179748_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:510.457px;top:111.2px;">7.1</div><div id="a179751_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:564.39px;top:111.2px;">2.5</div><div id="a179754_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:614.084px;top:111.2px;">1.4</div><div id="a179757_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:661.404px;top:111.2px;">59.6</div><div id="a179760" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:123.5px;">Financial assets measured at fair value through<div style="display:inline-block;width:4.15px"> </div>other </div><div id="a179761" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:135.3px;">comprehensive income </div><div id="a179763_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:271.95px;top:135.3px;">0.1</div><div id="a179766_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.044px;top:135.3px;">0.4</div><div id="a179769_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.164px;top:135.3px;">0.7</div><div id="a179772_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:449.884px;top:135.3px;">0.1</div><div id="a179775_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:510.457px;top:135.3px;">0.4</div><div id="a179778_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.39px;top:135.3px;">7.1</div><div id="a179782_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:666.604px;top:135.3px;">8.8</div><div id="a179785" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:147.6px;">Total non-financial assets </div><div id="a179789_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:271.95px;top:147.6px;">7.3</div><div id="a179792_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.044px;top:147.6px;">0.5</div><div id="a179795_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.164px;top:147.6px;">0.1</div><div id="a179798_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:449.884px;top:147.6px;">0.2</div><div id="a179801_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:510.457px;top:147.6px;">1.4</div><div id="a179804_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.39px;top:147.6px;">0.3</div><div id="a179807_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:608.884px;top:147.6px;">28.2</div><div id="a179810_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.404px;top:147.6px;">38.0</div><div id="a179813" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:159.9px;">Total assets<div style="display:inline-block;width:3.05px"> </div></div><div id="a179815_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.017px;top:159.9px;">762.3</div><div id="a179818_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.844px;top:159.9px;">52.3</div><div id="a179821_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.924px;top:159.9px;">52.1</div><div id="a179824_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.684px;top:159.9px;">59.3</div><div id="a179827_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.257px;top:159.9px;">73.2</div><div id="a179830_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.19px;top:159.9px;">87.5</div><div id="a179833_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:608.884px;top:159.9px;">29.5</div><div id="a179836_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:159.9px;">1,116.1</div><div id="a179848" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:174.6px;">Liabilities </div><div id="a179858" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:186.9px;">Total financial liabilities measured at amortized<div style="display:inline-block;width:3.92px"> </div>cost </div><div id="a179860_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.017px;top:186.9px;">583.3</div><div id="a179863_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.844px;top:186.9px;">21.5</div><div id="a179866_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.924px;top:186.9px;">48.4</div><div id="a179869_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.684px;top:186.9px;">17.3</div><div id="a179872_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.257px;top:186.9px;">36.0</div><div id="a179875_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.19px;top:186.9px;">24.7</div><div id="a179878_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:608.884px;top:186.9px;">13.7</div><div id="a179881_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:186.9px;">744.8</div><div id="a179884" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:199.2px;">Customer deposits </div><div id="a179886_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:262.017px;top:199.2px;">531.0</div><div id="a179889_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.044px;top:199.2px;">6.5</div><div id="a179892_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.164px;top:199.2px;">3.2</div><div id="a179895_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:449.884px;top:199.2px;">1.9</div><div id="a179898_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:510.457px;top:199.2px;">1.8</div><div id="a179901_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:564.39px;top:199.2px;">0.3</div><div id="a179905_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.67px;top:199.2px;">544.8</div><div id="a179908" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:212.4px;">Funding from UBS Group AG </div><div id="a179910_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:271.95px;top:212.4px;">0.0</div><div id="a179913_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.044px;top:212.4px;">2.8</div><div id="a179916_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.164px;top:212.4px;">1.4</div><div id="a179919_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:449.884px;top:212.4px;">6.3</div><div id="a179922_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:505.257px;top:212.4px;">17.0</div><div id="a179925_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:559.19px;top:212.4px;">16.1</div><div id="a179928_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.884px;top:212.4px;">13.7</div><div id="a179931_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:661.404px;top:212.4px;">57.3</div><div id="a179934" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:225.2px;">Debt issued measured at amortized cost </div><div id="a179936_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:271.95px;top:225.2px;">3.7</div><div id="a179939_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.044px;top:225.2px;">9.3</div><div id="a179942_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:386.924px;top:225.2px;">38.4</div><div id="a179945_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:449.884px;top:225.2px;">8.7</div><div id="a179948_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:505.257px;top:225.2px;">15.5</div><div id="a179951_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:564.39px;top:225.2px;">6.9</div><div id="a179955_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:661.404px;top:225.2px;">82.4</div><div id="a179958" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:238.4px;">of which: non-subordinated fixed rate debt </div><div id="a179962_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:271.95px;top:238.4px;">3.7</div><div id="a179965_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.044px;top:238.4px;">8.4</div><div id="a179968_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:386.924px;top:238.4px;">27.4</div><div id="a179971_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:449.884px;top:238.4px;">6.6</div><div id="a179974_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:510.457px;top:238.4px;">9.0</div><div id="a179977_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:564.39px;top:238.4px;">6.9</div><div id="a179981_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:661.404px;top:238.4px;">62.0</div><div id="a179984" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:251.2px;">of which: non-subordinated floating rate debt </div><div id="a179988_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:271.95px;top:251.2px;">0.0</div><div id="a179991_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.044px;top:251.2px;">0.8</div><div id="a179994_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.164px;top:251.2px;">9.0</div><div id="a179997_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:449.884px;top:251.2px;">2.1</div><div id="a180000_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:510.457px;top:251.2px;">3.3</div><div id="a180005_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:661.404px;top:251.2px;">15.2</div><div id="a180008" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:264.5px;">of which: subordinated fixed-rate debt </div><div id="a180014_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.164px;top:264.5px;">2.0</div><div id="a180018_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:510.457px;top:264.5px;">3.1</div><div id="a180023_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:666.604px;top:264.5px;">5.2</div><div id="a180026" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:276.8px;">Total financial liabilities measured at fair value<div style="display:inline-block;width:3.87px"> </div>through </div><div id="a180027" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:288.6px;">profit or loss</div><div id="a180032" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:48.14px;top:289.2px;">2</div><div id="a180034_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.017px;top:282.5px;">238.1</div><div id="a180037_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.844px;top:282.5px;">12.0</div><div id="a180040_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.924px;top:282.5px;">14.7</div><div id="a180043_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.684px;top:282.5px;">18.8</div><div id="a180046_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:510.457px;top:282.5px;">5.6</div><div id="a180049_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.19px;top:282.5px;">11.8</div><div id="a180053_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:282.5px;">300.9</div><div id="a180056" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:300.9px;">Debt issued designated at fair value </div><div id="a180058_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:266.75px;top:300.9px;">12.5</div><div id="a180061_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:326.844px;top:300.9px;">11.6</div><div id="a180064_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:386.924px;top:300.9px;">14.1</div><div id="a180067_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.684px;top:300.9px;">18.6</div><div id="a180070_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:510.457px;top:300.9px;">5.4</div><div id="a180073_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:564.39px;top:300.9px;">9.2</div><div id="a180077_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:661.404px;top:300.9px;">71.5</div><div id="a180080" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:313.7px;">of which: non-subordinated fixed rate debt </div><div id="a180084_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:271.95px;top:313.7px;">0.8</div><div id="a180087_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.044px;top:313.7px;">1.2</div><div id="a180090_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.164px;top:313.7px;">2.9</div><div id="a180093_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:449.884px;top:313.7px;">1.2</div><div id="a180096_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:510.457px;top:313.7px;">1.3</div><div id="a180099_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:564.39px;top:313.7px;">2.4</div><div id="a180103_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:666.604px;top:313.7px;">9.8</div><div id="a180106" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:326.9px;">of which: non-subordinated floating rate debt </div><div id="a180110_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:266.75px;top:326.9px;">11.7</div><div id="a180113_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:326.844px;top:326.9px;">10.3</div><div id="a180116_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:386.924px;top:326.9px;">11.2</div><div id="a180119_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:444.684px;top:326.9px;">17.4</div><div id="a180122_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:510.457px;top:326.9px;">4.2</div><div id="a180125_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:564.39px;top:326.9px;">6.8</div><div id="a180129_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:661.404px;top:326.9px;">61.6</div><div id="a180132" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:339.2px;">Total non-financial liabilities </div><div id="a180136_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:271.95px;top:339.2px;">8.7</div><div id="a180139_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.044px;top:339.2px;">2.6</div><div id="a180146_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:614.084px;top:339.2px;">0.7</div><div id="a180149_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.404px;top:339.2px;">12.0</div><div id="a180152" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:351.5px;">Total liabilities </div><div id="a180154_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.017px;top:351.5px;">830.0</div><div id="a180157_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.844px;top:351.5px;">36.0</div><div id="a180160_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.924px;top:351.5px;">63.0</div><div id="a180163_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.684px;top:351.5px;">36.2</div><div id="a180166_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.257px;top:351.5px;">41.6</div><div id="a180169_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.19px;top:351.5px;">36.5</div><div id="a180172_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:608.884px;top:351.5px;">14.4</div><div id="a180175_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.55px;top:351.5px;">1,057.7</div><div id="a180187" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:366.2px;">Guarantees, loan commitments<div style="display:inline-block;width:4.15px"> </div>and forward starting transactions</div><div id="a180188" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:240.27px;top:366.8px;">3</div><div id="a180191" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:378.5px;">Loan commitments </div><div id="a180193_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:266.75px;top:378.5px;">38.3</div><div id="a180196_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.044px;top:378.5px;">0.5</div><div id="a180199_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.164px;top:378.5px;">0.7</div><div id="a180202_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:449.884px;top:378.5px;">0.0</div><div id="a180208_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.404px;top:378.5px;">39.5</div><div id="a180211" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:391.7px;">Guarantees </div><div id="a180213_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:266.75px;top:391.7px;">21.2</div><div id="a180222_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.404px;top:391.7px;">21.2</div><div id="a180225" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:404.5px;">Forward starting transactions,<div style="display:inline-block;width:4.04px"> </div>reverse repurchase and </div><div id="a180227" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:416.3px;">securities borrowing agreements </div><div id="a180229_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:271.95px;top:416.3px;">1.4</div><div id="a180238_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:666.604px;top:416.3px;">1.4</div><div id="a180241" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:428.6px;">Total </div><div id="a180243_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:266.75px;top:428.6px;">60.9</div><div id="a180246_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.564px;top:428.6px;">0.5</div><div id="a180249_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:391.684px;top:428.6px;">0.7</div><div id="a180252_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:449.417px;top:428.6px;">0.0</div><div id="a180258_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.404px;top:428.6px;">62.1</div><div id="a180261" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:442.2px;">1 Effective 1 April 2022, a portfolio of<div style="display:inline-block;width:3.55px"> </div>assets previously classified as Financial<div style="display:inline-block;width:3.79px"> </div>assets measured at fair value<div style="display:inline-block;width:3.64px"> </div>through other<div style="display:inline-block;width:2.9px"> </div>comprehensive income was<div style="display:inline-block;width:3.44px"> </div>reclassified to Other financial<div style="display:inline-block;width:3.47px"> </div>assets measured at amortized cost. </div><div id="a180264" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:452.6px;">Refer to Note 1b for<div style="display:inline-block;width:4.12px"> </div>more information.<div style="display:inline-block;width:10.06px"> </div>2 As of 31 December<div style="display:inline-block;width:3.82px"> </div>2022 and 31<div style="display:inline-block;width:3.72px"> </div>December 2021,<div style="display:inline-block;width:3.52px"> </div>the contractual redemption<div style="display:inline-block;width:4.25px"> </div>amount at maturity<div style="display:inline-block;width:4.04px"> </div>of debt issued<div style="display:inline-block;width:3.47px"> </div>designated at fair<div style="display:inline-block;width:3.64px"> </div>value through profit<div style="display:inline-block;width:3.92px"> </div>or loss and other </div><div id="a180268" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:462.6px;">financial liabilities<div style="display:inline-block;width:3.94px"> </div>measured at fair<div style="display:inline-block;width:4.43px"> </div>value through<div style="display:inline-block;width:4.09px"> </div>profit or<div style="display:inline-block;width:3.46px"> </div>loss was<div style="display:inline-block;width:3.93px"> </div>not materially<div style="display:inline-block;width:3.93px"> </div>different from<div style="display:inline-block;width:3.47px"> </div>the carrying<div style="display:inline-block;width:3.79px"> </div>amount.<div style="display:inline-block;width:11.28px"> </div>3 The<div style="display:inline-block;width:3.8px"> </div>notional amounts<div style="display:inline-block;width:3.92px"> </div>associated<div style="display:inline-block;width:3.62px"> </div>with derivative<div style="display:inline-block;width:3.92px"> </div>loan commitments,<div style="display:inline-block;width:4.54px"> </div>as well<div style="display:inline-block;width:3.63px"> </div>as forward </div><div id="a180272" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:472.5px;">starting repurchase and reverse repurchase<div style="display:inline-block;width:3.97px"> </div>agreements, measured<div style="display:inline-block;width:3.79px"> </div>at fair value through<div style="display:inline-block;width:3.63px"> </div>profit or loss are presented<div style="display:inline-block;width:3.62px"> </div>together with<div style="display:inline-block;width:3.41px"> </div>notional amounts related to derivative<div style="display:inline-block;width:4.22px"> </div>instruments and have<div style="display:inline-block;width:3.47px"> </div>been excluded from the </div><div id="a180274" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:482.9px;">table above. Refer to Note 10<div style="display:inline-block;width:3.5px"> </div>for more information.</div></div> 454300000000 45600000000 43200000000 53700000000 64200000000 77600000000 738600000000 157800000000 28500000000 37300000000 49700000000 55100000000 70300000000 398700000000 300700000000 5800000000 8100000000 5200000000 7100000000 2500000000 1400000000 330700000000 29700000000 5800000000 8100000000 5200000000 7100000000 2500000000 1400000000 59600000000 100000000 400000000 700000000 100000000 400000000 7100000000 8800000000 7300000000 500000000 100000000 200000000 1400000000 300000000 28200000000 38000000000.0 762300000000 52300000000 52100000000 59300000000 73200000000 87500000000 29500000000 1116100000000 583300000000 21500000000 48400000000 17300000000 36000000000.0 24700000000 13700000000 744800000000 531000000000.0 6500000000 3200000000 1900000000 1800000000 300000000 544800000000 0.0 2800000000 1400000000 6300000000 17000000000.0 16100000000 13700000000 57300000000 3700000000 9300000000 38400000000 8700000000 15500000000 6900000000 82400000000 3700000000 8400000000 27400000000 6600000000 9000000000.0 6900000000 62000000000.0 0.0 800000000 9000000000.0 2100000000 3300000000 15200000000 2000000000.0 3100000000 5200000000 238100000000 12000000000.0 14700000000 18800000000 5600000000 11800000000 300900000000 12500000000 11600000000 14100000000 18600000000 5400000000 9200000000 71500000000 800000000 1200000000 2900000000 1200000000 1300000000 2400000000 9800000000 11700000000 10300000000 11200000000 17400000000 4200000000 6800000000 61600000000 8700000000 2600000000 700000000 12000000000.0 830000000000.0 36000000000.0 63000000000.0 36200000000 41600000000 36500000000 14400000000 1057700000000 38300000000 500000000 700000000 0.0 39500000000 21200000000 21200000000 1400000000 1400000000 60900000000 500000000 700000000 0.0 62100000000 <div id="TextBlockContainer1554" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#9A3D37;line-height:normal;width:684px;height:358px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1552_XBRL_TS_4072c1af492c447288e2e2ea92496935" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1553" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#9A3D37;line-height:normal;width:684px;height:358px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a180347" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:437.084px;top:0px;">31.12.22 </div><div id="a180349" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.181px;top:35.9px;">USD bn </div><div id="a180352" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.044px;top:24.6px;">Due within<div style="display:inline-block;width:2.96px"> </div></div><div id="a180354" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:253.03px;top:35.9px;">1 month </div><div id="a180356" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:295.15px;top:12.8px;">Due between<div style="display:inline-block;width:2.85px"> </div></div><div id="a180358" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.484px;top:24.6px;">1 and 3 </div><div id="a180359" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.91px;top:35.9px;">months </div><div id="a180361" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:355.244px;top:12.8px;">Due between<div style="display:inline-block;width:2.84px"> </div></div><div id="a180363" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:370.857px;top:24.6px;">3 and 12 </div><div id="a180364" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:35.9px;">months </div><div id="a180366" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.977px;top:24.6px;">Due between<div style="display:inline-block;width:2.84px"> </div></div><div id="a180368" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.497px;top:35.9px;">1 and 2 years </div><div id="a180370" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:473.537px;top:24.6px;">Due between<div style="display:inline-block;width:2.84px"> </div></div><div id="a180372" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:473.057px;top:35.9px;">2 and 5 years </div><div id="a180374" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:543.55px;top:24.6px;">Due over<div style="display:inline-block;width:2.84px"> </div></div><div id="a180376" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.204px;top:35.9px;">5 years </div><div id="a180378" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:586.15px;top:12.8px;">Perpetual / </div><div id="a180379" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:612.657px;top:24.6px;">Not </div><div id="a180380" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.99px;top:35.9px;">applicable </div><div id="a180382" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.51px;top:35.9px;">Total </div><div id="a180394" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:53.5px;">Financial liabilities recognized<div style="display:inline-block;width:3.95px"> </div>on balance sheet</div><div id="a180395" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:175.884px;top:54.1px;">1</div><div id="a180406" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:65.8px;">Amounts due to banks </div><div id="a180409_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:271.95px;top:65.8px;">6.3</div><div id="a180412_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.044px;top:65.8px;">2.6</div><div id="a180415_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.164px;top:65.8px;">1.9</div><div id="a180418_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:449.884px;top:65.8px;">0.3</div><div id="a180421_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:510.457px;top:65.8px;">0.6</div><div id="a180424_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:564.39px;top:65.8px;">0.0</div><div id="a180428_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.457px;top:65.8px;">11.7</div><div id="a180431" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:79px;">Payables from securities financing<div style="display:inline-block;width:3.7px"> </div>transactions </div><div id="a180435_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:271.95px;top:79px;">3.3</div><div id="a180438_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.044px;top:79px;">0.3</div><div id="a180441_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.164px;top:79px;">0.4</div><div id="a180444_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:449.884px;top:79px;">0.3</div><div id="a180448_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:564.39px;top:79px;">0.0</div><div id="a180452_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:665.657px;top:79px;">4.4</div><div id="a180455" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:91.8px;">Cash collateral payables on derivative instruments </div><div id="a180458_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:266.75px;top:91.8px;">36.4</div><div id="a180467_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.457px;top:91.8px;">36.4</div><div id="a180470" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:105px;">Customer deposits </div><div id="a180473_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:262.017px;top:105px;">464.6</div><div id="a180476_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.844px;top:105px;">28.8</div><div id="a180479_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:386.924px;top:105px;">24.5</div><div id="a180482_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:449.884px;top:105px;">8.2</div><div id="a180485_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:510.457px;top:105px;">2.6</div><div id="a180488_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:564.39px;top:105px;">0.3</div><div id="a180492_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.724px;top:105px;">529.0</div><div id="a180495" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:117.8px;">Funding from UBS Group AG</div><div id="a180496" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:108.23px;top:118.4px;">2</div><div id="a180499_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:271.95px;top:117.8px;">2.2</div><div id="a180502_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.044px;top:117.8px;">0.6</div><div id="a180505_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.164px;top:117.8px;">1.2</div><div id="a180508_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:449.884px;top:117.8px;">6.8</div><div id="a180511_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:505.257px;top:117.8px;">27.6</div><div id="a180514_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:559.19px;top:117.8px;">21.2</div><div id="a180517_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:608.884px;top:117.8px;">12.7</div><div id="a180520_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.457px;top:117.8px;">72.3</div><div id="a180523" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:131.1px;">Debt issued measured at amortized cost </div><div id="a180526_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:271.95px;top:131.1px;">4.6</div><div id="a180529_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.044px;top:131.1px;">8.9</div><div id="a180532_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:386.924px;top:131.1px;">23.7</div><div id="a180535_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:449.884px;top:131.1px;">7.8</div><div id="a180538_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:505.257px;top:131.1px;">10.8</div><div id="a180541_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:564.39px;top:131.1px;">6.9</div><div id="a180545_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.457px;top:131.1px;">62.8</div><div id="a180548" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:143.8px;">Other financial liabilities measured at amortized cost </div><div id="a180551_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:271.95px;top:143.8px;">5.6</div><div id="a180554_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.044px;top:143.8px;">0.1</div><div id="a180557_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.164px;top:143.8px;">0.4</div><div id="a180560_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:449.884px;top:143.8px;">0.5</div><div id="a180563_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:510.457px;top:143.8px;">1.2</div><div id="a180566_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:564.39px;top:143.8px;">1.3</div><div id="a180570_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:665.657px;top:143.8px;">9.2</div><div id="a180573" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.166px;top:157.1px;"><div style="display:inline-block;width:2.37px"> </div>of which: lease liabilities </div><div id="a180577_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:271.95px;top:157.1px;">0.1</div><div id="a180580_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:332.044px;top:157.1px;">0.1</div><div id="a180583_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:392.164px;top:157.1px;">0.4</div><div id="a180586_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:449.884px;top:157.1px;">0.5</div><div id="a180589_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:510.457px;top:157.1px;">1.2</div><div id="a180592_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:564.39px;top:157.1px;">1.3</div><div id="a180596_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:665.657px;top:157.1px;">3.7</div><div id="a180599" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:169.4px;">Total financial liabilities measured<div style="display:inline-block;width:3.9px"> </div>at amortized cost</div><div id="a180600" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:192.004px;top:170px;">3, 5</div><div id="a180603_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:262.017px;top:169.4px;">523.1</div><div id="a180606_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.844px;top:169.4px;">41.2</div><div id="a180609_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:386.924px;top:169.4px;">52.2</div><div id="a180612_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:444.684px;top:169.4px;">24.0</div><div id="a180615_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:505.257px;top:169.4px;">42.8</div><div id="a180618_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:559.19px;top:169.4px;">29.8</div><div id="a180621_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:608.884px;top:169.4px;">12.7</div><div id="a180624_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.724px;top:169.4px;">725.8</div><div id="a180627" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:182.6px;">Financial liabilities at fair value held for trading</div><div id="a180628" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:173.524px;top:183.3px;">3, 4</div><div id="a180631_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:266.75px;top:182.6px;">29.5</div><div id="a180640_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.457px;top:182.6px;">29.5</div><div id="a180643" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:195.4px;">Derivative financial instruments</div><div id="a180644" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:116.737px;top:196px;">3, 5</div><div id="a180647_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:262.017px;top:195.4px;">154.9</div><div id="a180656_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.724px;top:195.4px;">154.9</div><div id="a180659" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:208.7px;">Brokerage payables designated at<div style="display:inline-block;width:4.03px"> </div>fair value </div><div id="a180662_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:266.75px;top:208.7px;">45.1</div><div id="a180671_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.457px;top:208.7px;">45.1</div><div id="a180674" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:221.4px;">Debt issued designated at fair value</div><div id="a180675" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:132.857px;top:222.1px;">6</div><div id="a180678_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:271.95px;top:221.4px;">9.4</div><div id="a180681_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.844px;top:221.4px;">12.4</div><div id="a180684_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:386.924px;top:221.4px;">16.0</div><div id="a180687_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:444.684px;top:221.4px;">19.7</div><div id="a180690_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:510.457px;top:221.4px;">7.1</div><div id="a180693_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:559.19px;top:221.4px;">12.3</div><div id="a180697_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.457px;top:221.4px;">76.8</div><div id="a180700" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:234.7px;">Other financial liabilities designated at fair value </div><div id="a180703_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:266.75px;top:234.7px;">27.1</div><div id="a180706_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.044px;top:234.7px;">1.4</div><div id="a180709_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.164px;top:234.7px;">0.4</div><div id="a180712_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:449.884px;top:234.7px;">0.4</div><div id="a180715_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:510.457px;top:234.7px;">0.5</div><div id="a180718_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:564.39px;top:234.7px;">5.0</div><div id="a180722_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.457px;top:234.7px;">34.8</div><div id="a180725" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:247px;">Total financial liabilities measured<div style="display:inline-block;width:3.9px"> </div>at fair value through </div><div id="a180727" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:258.8px;">profit or loss </div><div id="a180730_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:262.017px;top:258.8px;">266.0</div><div id="a180733_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:326.844px;top:258.8px;">13.8</div><div id="a180736_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:386.924px;top:258.8px;">16.4</div><div id="a180739_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:444.684px;top:258.8px;">20.0</div><div id="a180742_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:509.977px;top:258.8px;">7.5</div><div id="a180745_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:559.19px;top:258.8px;">17.3</div><div id="a180749_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.724px;top:258.8px;">341.1</div><div id="a180752" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:271.5px;">Total </div><div id="a180755_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.017px;top:271.5px;">789.2</div><div id="a180758_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.844px;top:271.5px;">55.0</div><div id="a180761_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.924px;top:271.5px;">68.6</div><div id="a180764_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.684px;top:271.5px;">44.0</div><div id="a180767_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.257px;top:271.5px;">50.3</div><div id="a180770_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.19px;top:271.5px;">47.1</div><div id="a180773_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:608.884px;top:271.5px;">12.7</div><div id="a180776_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:648.604px;top:271.5px;">1,066.9</div><div id="a180779" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:284.8px;">Guarantees, commitments<div style="display:inline-block;width:3.73px"> </div>and forward starting transactions </div><div id="a180781" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:297.1px;">Loan commitments</div><div id="a180783" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:71.785px;top:297.8px;">7</div><div id="a180786_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:266.75px;top:297.1px;">39.3</div><div id="a180789_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.044px;top:297.1px;">0.3</div><div id="a180792_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.164px;top:297.1px;">0.4</div><div id="a180795_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:449.884px;top:297.1px;">0.0</div><div id="a180801_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.457px;top:297.1px;">40.0</div><div id="a180804" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:309.9px;">Guarantees </div><div id="a180807_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:266.75px;top:309.9px;">22.4</div><div id="a180816_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:660.457px;top:309.9px;">22.4</div><div id="a180819" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:323.1px;">Forward starting transactions,<div style="display:inline-block;width:4.04px"> </div>reverse repurchase and </div><div id="a180820" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:334.9px;">securities borrowing agreements</div><div id="a180821" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:121.004px;top:335.6px;">7</div><div id="a180824_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:271.95px;top:328.8px;">3.8</div><div id="a180833_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:665.657px;top:328.8px;">3.8</div><div id="a180836" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:347.2px;">Total </div><div id="a180839_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:266.75px;top:347.2px;">65.4</div><div id="a180842_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.564px;top:347.2px;">0.3</div><div id="a180845_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:391.684px;top:347.2px;">0.4</div><div id="a180848_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:449.417px;top:347.2px;">0.0</div><div id="a180854_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.457px;top:347.2px;">66.2</div></div></div></div> 6300000000 2600000000 1900000000 300000000 600000000 0.0 11700000000 3300000000 300000000 400000000 300000000 0.0 4400000000 36400000000 36400000000 464600000000 28800000000 24500000000 8200000000 2600000000 300000000 529000000000.0 2200000000 600000000 1200000000 6800000000 27600000000 21200000000 12700000000 72300000000 4600000000 8900000000 23700000000 7800000000 10800000000 6900000000 62800000000 5600000000 100000000 400000000 500000000 1200000000 1300000000 9200000000 100000000 100000000 400000000 500000000 1200000000 1300000000 3700000000 523100000000 41200000000 52200000000 24000000000.0 42800000000 29800000000 12700000000 725800000000 29500000000 29500000000 154900000000 154900000000 45100000000 45100000000 9400000000 12400000000 16000000000.0 19700000000 7100000000 12300000000 76800000000 27100000000 1400000000 400000000 400000000 500000000 5000000000.0 34800000000 266000000000.0 13800000000 16400000000 20000000000.0 7500000000 17300000000 341100000000 789200000000 55000000000.0 68600000000 44000000000.0 50300000000 47100000000 12700000000 1066900000000 39300000000 300000000 400000000 0.0 40000000000.0 22400000000 22400000000 3800000000 3800000000 65400000000 300000000 400000000 0.0 66200000000 <div id="TextBlockContainer1557" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:445px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a180860" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:437.084px;top:0px;">31.12.21 </div><div id="a180862" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:35.9px;">USD bn </div><div id="a180865" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:244.044px;top:24.6px;">Due within<div style="display:inline-block;width:2.96px"> </div></div><div id="a180867" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:253.03px;top:35.9px;">1 month </div><div id="a180869" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:295.15px;top:12.8px;">Due between<div style="display:inline-block;width:2.85px"> </div></div><div id="a180871" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.964px;top:24.6px;">1 and 3 </div><div id="a180872" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.91px;top:35.9px;">months </div><div id="a180874" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:355.244px;top:12.8px;">Due between<div style="display:inline-block;width:2.84px"> </div></div><div id="a180876" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:371.324px;top:24.6px;">3 and 12 </div><div id="a180877" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.004px;top:35.9px;">months </div><div id="a180879" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.03px;top:24.6px;">Due between<div style="display:inline-block;width:2.84px"> </div></div><div id="a180881" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:411.55px;top:35.9px;">1 and 2 years </div><div id="a180883" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:472.59px;top:24.6px;">Due between<div style="display:inline-block;width:2.84px"> </div></div><div id="a180885" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:472.11px;top:35.9px;">2 and 5 years </div><div id="a180887" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:542.604px;top:24.6px;">Due over<div style="display:inline-block;width:2.84px"> </div></div><div id="a180889" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.257px;top:35.9px;">5 years </div><div id="a180891" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:585.67px;top:12.8px;">Perpetual / </div><div id="a180892" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:611.724px;top:24.6px;">Not </div><div id="a180893" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.044px;top:35.9px;">applicable </div><div id="a180895" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.044px;top:35.9px;">Total </div><div id="a180907" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:53px;">Financial liabilities recognized<div style="display:inline-block;width:3.95px"> </div>on balance sheet</div><div id="a180908" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:175.884px;top:53.6px;">1</div><div id="a180919" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:65.3px;">Amounts due to banks<div style="display:inline-block;width:3.11px"> </div></div><div id="a180922_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:271.95px;top:65.3px;">6.7</div><div id="a180925_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.044px;top:65.3px;">2.4</div><div id="a180928_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.164px;top:65.3px;">3.5</div><div id="a180931_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:65.3px;">0.0</div><div id="a180934_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.51px;top:65.3px;">0.5</div><div id="a180939_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.99px;top:65.3px;">13.1</div><div id="a180942" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:78.5px;">Payables from securities financing<div style="display:inline-block;width:3.7px"> </div>transactions </div><div id="a180945_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:271.95px;top:78.5px;">3.8</div><div id="a180948_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.044px;top:78.5px;">0.3</div><div id="a180951_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.164px;top:78.5px;">1.6</div><div id="a180954_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:78.5px;">0.0</div><div id="a180957" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.324px;top:78.5px;"><div style="display:inline-block;width:2.37px"> </div></div><div id="a180961_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.19px;top:78.5px;">5.7</div><div id="a180964" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:91.3px;">Cash collateral payables on derivative instruments </div><div id="a180967_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:266.75px;top:91.3px;">31.8</div><div id="a180970" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:343.897px;top:91.3px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a180972" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.99px;top:91.3px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a180974" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.764px;top:91.3px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a180976" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.324px;top:91.3px;"><div style="display:inline-block;width:2.37px"> </div></div><div id="a180980_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.99px;top:91.3px;">31.8</div><div id="a180983" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:104.5px;">Customer deposits </div><div id="a180986_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.017px;top:104.5px;">531.0</div><div id="a180989_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.044px;top:104.5px;">6.6</div><div id="a180992_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.164px;top:104.5px;">3.3</div><div id="a180995_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:104.5px;">2.0</div><div id="a180998_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.51px;top:104.5px;">1.9</div><div id="a181001_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:563.444px;top:104.5px;">0.4</div><div id="a181005_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.257px;top:104.5px;">545.1</div><div id="a181008" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:117.8px;">Funding from UBS Group AG</div><div id="a181009" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:108.23px;top:118.4px;">2</div><div id="a181012_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:271.95px;top:117.8px;">0.2</div><div id="a181015_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.044px;top:117.8px;">3.3</div><div id="a181018_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.164px;top:117.8px;">2.3</div><div id="a181021_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:117.8px;">7.8</div><div id="a181024_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:504.31px;top:117.8px;">21.1</div><div id="a181027_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:558.244px;top:117.8px;">16.9</div><div id="a181030_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.937px;top:117.8px;">13.7</div><div id="a181033_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.99px;top:117.8px;">65.3</div><div id="a181036" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:130.6px;">Debt issued measured at amortized cost </div><div id="a181039_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:271.95px;top:130.6px;">3.8</div><div id="a181042_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.044px;top:130.6px;">9.4</div><div id="a181045_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.924px;top:130.6px;">38.8</div><div id="a181048_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:130.6px;">9.0</div><div id="a181051_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:504.31px;top:130.6px;">16.1</div><div id="a181054_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:563.444px;top:130.6px;">7.6</div><div id="a181058_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.99px;top:130.6px;">84.7</div><div id="a181061" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:143.8px;">Other financial liabilities measured at amortized cost </div><div id="a181064_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:271.95px;top:143.8px;">5.3</div><div id="a181067_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.044px;top:143.8px;">0.1</div><div id="a181070_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.164px;top:143.8px;">0.4</div><div id="a181073_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:143.8px;">0.6</div><div id="a181076_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.51px;top:143.8px;">1.2</div><div id="a181079_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:563.444px;top:143.8px;">1.5</div><div id="a181082" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:624.964px;top:143.8px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181084_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.19px;top:143.8px;">9.1</div><div id="a181087" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:156.6px;">of which: lease liabilities </div><div id="a181090_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:271.95px;top:156.6px;">0.1</div><div id="a181093_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:332.044px;top:156.6px;">0.1</div><div id="a181096_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:392.164px;top:156.6px;">0.4</div><div id="a181099_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:448.937px;top:156.6px;">0.6</div><div id="a181102_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:509.51px;top:156.6px;">1.2</div><div id="a181105_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:563.444px;top:156.6px;">1.5</div><div id="a181109_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:665.19px;top:156.6px;">3.9</div><div id="a181112" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:168.9px;">Total financial liabilities measured<div style="display:inline-block;width:3.9px"> </div>at amortized cost </div><div id="a181115_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.017px;top:168.9px;">582.6</div><div id="a181118_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.844px;top:168.9px;">22.1</div><div id="a181121_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.924px;top:168.9px;">49.9</div><div id="a181124_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:443.737px;top:168.9px;">19.4</div><div id="a181127_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:504.31px;top:168.9px;">40.8</div><div id="a181130_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:558.244px;top:168.9px;">26.4</div><div id="a181133_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.937px;top:168.9px;">13.7</div><div id="a181136_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.257px;top:168.9px;">754.8</div><div id="a181139" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:182.1px;">Financial liabilities at fair value held for trading</div><div id="a181140" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:173.524px;top:182.8px;">3,4</div><div id="a181143_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:266.75px;top:182.1px;">31.7</div><div id="a181146" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:343.897px;top:182.1px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181148" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.99px;top:182.1px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181150" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.764px;top:182.1px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181152" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.324px;top:182.1px;"><div style="display:inline-block;width:2.37px"> </div></div><div id="a181154" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.27px;top:182.1px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181156" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:624.964px;top:182.1px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181158_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.99px;top:182.1px;">31.7</div><div id="a181161" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:194.9px;">Derivative financial instruments</div><div id="a181162" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:116.737px;top:195.5px;">3,5</div><div id="a181165_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.017px;top:194.9px;">121.3</div><div id="a181168" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:343.897px;top:194.9px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181170" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.99px;top:194.9px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181172" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.764px;top:194.9px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181175" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.27px;top:194.9px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181177" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:624.964px;top:194.9px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181179_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.257px;top:194.9px;">121.3</div><div id="a181182" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:208.2px;">Brokerage payables designated at<div style="display:inline-block;width:4.03px"> </div>fair value </div><div id="a181185_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:266.75px;top:208.2px;">44.0</div><div id="a181188" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:343.897px;top:208.2px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181190" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.99px;top:208.2px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181192" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.764px;top:208.2px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181194" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.324px;top:208.2px;"><div style="display:inline-block;width:2.37px"> </div></div><div id="a181196" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.27px;top:208.2px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181198" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:624.964px;top:208.2px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181200_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.99px;top:208.2px;">44.0</div><div id="a181203" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:220.9px;">Debt issued designated at fair value</div><div id="a181204" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:132.857px;top:221.6px;">6</div><div id="a181207_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:266.75px;top:220.9px;">13.8</div><div id="a181210_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.844px;top:220.9px;">11.5</div><div id="a181213_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.924px;top:220.9px;">13.5</div><div id="a181216_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:443.737px;top:220.9px;">18.8</div><div id="a181219_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.51px;top:220.9px;">5.6</div><div id="a181222_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:558.244px;top:220.9px;">12.5</div><div id="a181226_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.99px;top:220.9px;">75.9</div><div id="a181229" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:234.2px;">Other financial liabilities designated at fair value </div><div id="a181233_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:266.75px;top:234.2px;">28.1</div><div id="a181236_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.044px;top:234.2px;">0.4</div><div id="a181239_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.164px;top:234.2px;">0.5</div><div id="a181242_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:234.2px;">0.2</div><div id="a181245_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.51px;top:234.2px;">0.2</div><div id="a181248_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:563.444px;top:234.2px;">7.1</div><div id="a181251" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:624.964px;top:234.2px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181253_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.99px;top:234.2px;">36.5</div><div id="a181256" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:246.5px;">Total financial liabilities measured<div style="display:inline-block;width:3.9px"> </div>at fair value through </div><div id="a181257" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:258.3px;">profit or loss </div><div id="a181260_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.017px;top:252.2px;">239.0</div><div id="a181263_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.844px;top:252.2px;">11.9</div><div id="a181266_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.924px;top:252.2px;">14.0</div><div id="a181269_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:443.737px;top:252.2px;">19.0</div><div id="a181272_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.51px;top:252.2px;">5.8</div><div id="a181275_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:558.244px;top:252.2px;">19.6</div><div id="a181279_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.257px;top:252.2px;">309.4</div><div id="a181282" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:271.1px;">Total<div style="display:inline-block;width:3.18px"> </div></div><div id="a181285_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:262.017px;top:271.1px;">821.6</div><div id="a181288_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.844px;top:271.1px;">34.0</div><div id="a181291_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.924px;top:271.1px;">63.9</div><div id="a181294_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:443.737px;top:271.1px;">38.4</div><div id="a181297_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:504.31px;top:271.1px;">46.6</div><div id="a181300_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:558.244px;top:271.1px;">45.9</div><div id="a181303_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:607.937px;top:271.1px;">13.7</div><div id="a181306_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:648.137px;top:271.1px;">1,064.2</div><div id="a181319" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:289.1px;">Guarantees, commitments<div style="display:inline-block;width:3.73px"> </div>and forward starting transactions </div><div id="a181321" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:301.8px;">Loan commitments</div><div id="a181322" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:71.785px;top:302.5px;">7</div><div id="a181325_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:266.75px;top:301.8px;">38.3</div><div id="a181328_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:332.044px;top:301.8px;">0.5</div><div id="a181331_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.164px;top:301.8px;">0.7</div><div id="a181334_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.937px;top:301.8px;">0.0</div><div id="a181337" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.324px;top:301.8px;"><div style="display:inline-block;width:2.37px"> </div></div><div id="a181339" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.27px;top:301.8px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181341" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:624.964px;top:301.8px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181343_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.99px;top:301.8px;">39.5</div><div id="a181346" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:314.6px;">Guarantees </div><div id="a181349_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:266.75px;top:314.6px;">21.2</div><div id="a181352" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:343.897px;top:314.6px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181355" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.764px;top:314.6px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181357" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.324px;top:314.6px;"><div style="display:inline-block;width:2.37px"> </div></div><div id="a181359" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.27px;top:314.6px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181361" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:624.964px;top:314.6px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181363_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.99px;top:314.6px;">21.2</div><div id="a181366" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:327.9px;">Forward starting transactions,<div style="display:inline-block;width:4.04px"> </div>reverse repurchase </div><div id="a181368" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:339.2px;">and securities borrowing agreements</div><div id="a181370" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:137.11px;top:339.8px;">7</div><div id="a181373_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:271.95px;top:339.2px;">1.4</div><div id="a181376" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:343.897px;top:339.2px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181378" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.99px;top:339.2px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181380" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:460.764px;top:339.2px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181382" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.324px;top:339.2px;"><div style="display:inline-block;width:2.37px"> </div></div><div id="a181384" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.27px;top:339.2px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181386" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:624.964px;top:339.2px;"><div style="display:inline-block;width:2.36px"> </div></div><div id="a181388_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.19px;top:339.2px;">1.4</div><div id="a181391" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:352px;">Total<div style="display:inline-block;width:3.18px"> </div></div><div id="a181394_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:266.75px;top:352px;">60.9</div><div id="a181397_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:331.564px;top:352px;">0.5</div><div id="a181400_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:391.684px;top:352px;">0.7</div><div id="a181403_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.47px;top:352px;">0.0</div><div id="a181409_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.99px;top:352px;">62.1</div><div id="a181412" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:365.6px;">1 Except for financial<div style="display:inline-block;width:3.66px"> </div>liabilities at fair<div style="display:inline-block;width:3.63px"> </div>value held for<div style="display:inline-block;width:3.78px"> </div>trading and derivative<div style="display:inline-block;width:4.09px"> </div>financial instruments<div style="display:inline-block;width:3.47px"> </div>(see footnote 3),<div style="display:inline-block;width:3.64px"> </div>the amounts<div style="display:inline-block;width:4px"> </div>presented generally represent<div style="display:inline-block;width:4.52px"> </div>undiscounted cash<div style="display:inline-block;width:3.63px"> </div>flows of future interest<div style="display:inline-block;width:4.1px"> </div>and principal </div><div id="a181415" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:375.5px;">payments.<div style="display:inline-block;width:8.83px"> </div>2 The time-<div style="display:inline-block;width:1.35px"> </div>bucket Perpetual<div style="display:inline-block;width:3.48px"> </div>/ Not applicable includes<div style="display:inline-block;width:3.79px"> </div>perpetual loss-absorbing<div style="display:inline-block;width:3.4px"> </div>additional tier 1 capital<div style="display:inline-block;width:3.49px"> </div>instruments.<div style="display:inline-block;width:8.98px"> </div>3 Carrying amount<div style="display:inline-block;width:3.64px"> </div>is fair value. Management<div style="display:inline-block;width:4.12px"> </div>believes that this best<div style="display:inline-block;width:3.54px"> </div>represents the </div><div id="a181421" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:385.9px;">cash flows that would have to be paid if these positions had to be settled or closed out.<div style="display:inline-block;width:8.69px"> </div>4 Contractual maturities of financial<div style="display:inline-block;width:3.71px"> </div>liabilities at fair value held for trading are: USD </div><div id="a181421_183_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:544.401px;top:385.9px;">27.8</div><div id="a181421_187_35" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:559.534px;top:385.9px;">bn due within 1 month (31 December </div><div id="a181425" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:395.9px;">2021: USD </div><div id="a181425_10_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:39.626px;top:395.9px;">30.8</div><div id="a181425_14_9" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:54.286px;top:395.9px;">bn), USD </div><div id="a181425_23_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:84.59px;top:395.9px;">1.7</div><div id="a181425_26_57" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:94.994px;top:395.9px;">bn due between<div style="display:inline-block;width:3.8px"> </div>1 month and<div style="display:inline-block;width:4.11px"> </div>1 year (31<div style="display:inline-block;width:4px"> </div>December 2021:<div style="display:inline-block;width:3.52px"> </div>USD </div><div id="a181425_83_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:298.47px;top:395.9px;">0.9</div><div id="a181425_86_12" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:309.347px;top:395.9px;">bn) and USD </div><div id="a181425_98_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:351.457px;top:395.9px;">0</div><div id="a181425_99_52" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:355.713px;top:395.9px;">bn due between<div style="display:inline-block;width:3.8px"> </div>1 and<div style="display:inline-block;width:3.49px"> </div>5 years (31<div style="display:inline-block;width:3.84px"> </div>December 2021:<div style="display:inline-block;width:3.52px"> </div>USD </div><div id="a181425_151_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:539.777px;top:395.9px;">0</div><div id="a181425_152_23" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:544.033px;top:395.9px;">bn).<div style="display:inline-block;width:9.63px"> </div>5 Includes<div style="display:inline-block;width:3.64px"> </div>USD </div><div id="a181425_175_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:615.977px;top:395.9px;">46</div><div id="a181425_177_15" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:624.962px;top:395.9px;">m (31 December </div><div id="a181441" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:405.8px;">2021: USD </div><div id="a181441_10_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:39.626px;top:405.8px;">34</div><div id="a181441_12_195" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:48.139px;top:405.8px;">m) related<div style="display:inline-block;width:3.95px"> </div>to fair<div style="display:inline-block;width:3.78px"> </div>values<div style="display:inline-block;width:3.46px"> </div>of derivative<div style="display:inline-block;width:3.76px"> </div>loan commitments<div style="display:inline-block;width:4.38px"> </div>and forward<div style="display:inline-block;width:4.55px"> </div>starting reverse<div style="display:inline-block;width:4.09px"> </div>repurchase<div style="display:inline-block;width:3.63px"> </div>agreements classified<div style="display:inline-block;width:4.42px"> </div>as derivatives,<div style="display:inline-block;width:4.56px"> </div>presented within<div style="display:inline-block;width:4.1px"> </div>“Due within<div style="display:inline-block;width:3.95px"> </div>1 month.”<div style="display:inline-block;width:4.43px"> </div>The full<div style="display:inline-block;width:3.95px"> </div>contractual </div><div id="a181447" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:416.2px;">committed amount<div style="display:inline-block;width:3.76px"> </div>of USD </div><div id="a181447_24_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:90.257px;top:416.2px;">34.4</div><div id="a181447_28_26" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:104.917px;top:416.2px;">bn (31 December<div style="display:inline-block;width:4.45px"> </div>2021: USD </div><div id="a181447_54_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:199.564px;top:416.2px;">36.0</div><div id="a181447_58_146" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:214.224px;top:416.2px;">bn) is<div style="display:inline-block;width:3.47px"> </div>presented in<div style="display:inline-block;width:3.47px"> </div>Note 10<div style="display:inline-block;width:3.65px"> </div>under notional<div style="display:inline-block;width:3.93px"> </div>amounts.<div style="display:inline-block;width:11.19px"> </div>6 Future<div style="display:inline-block;width:3.49px"> </div>interest<div style="display:inline-block;width:3.62px"> </div>payments on<div style="display:inline-block;width:3.46px"> </div>variable-rate<div style="display:inline-block;width:3.49px"> </div>liabilities are<div style="display:inline-block;width:4.09px"> </div>determined by<div style="display:inline-block;width:3.63px"> </div>reference to<div style="display:inline-block;width:3.79px"> </div>the </div><div id="a181455" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:426.1px;">applicable interest rate prevailing<div style="display:inline-block;width:3.47px"> </div>as of the reporting date. Future principal<div style="display:inline-block;width:3.81px"> </div>payments that are variable<div style="display:inline-block;width:3.48px"> </div>are determined by reference to the conditions<div style="display:inline-block;width:3.87px"> </div>existing at the relevant reporting<div style="display:inline-block;width:3.89px"> </div>date.<div style="display:inline-block;width:8.21px"> </div>7 Excludes derivative loan </div><div id="a181460" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:436.5px;">commitments and forward starting<div style="display:inline-block;width:3.77px"> </div>reverse repurchase agreements<div style="display:inline-block;width:3.95px"> </div>measured at fair value (see<div style="display:inline-block;width:3.8px"> </div>footnote 5).</div></div> 6700000000 2400000000 3500000000 0.0 500000000 13100000000 3800000000 300000000 1600000000 0.0 5700000000 31800000000 31800000000 531000000000.0 6600000000 3300000000 2000000000.0 1900000000 400000000 545100000000 200000000 3300000000 2300000000 7800000000 21100000000 16900000000 13700000000 65300000000 3800000000 9400000000 38800000000 9000000000.0 16100000000 7600000000 84700000000 5300000000 100000000 400000000 600000000 1200000000 1500000000 9100000000 100000000 100000000 400000000 600000000 1200000000 1500000000 3900000000 582600000000 22100000000 49900000000 19400000000 40800000000 26400000000 13700000000 754800000000 31700000000 31700000000 121300000000 121300000000 44000000000.0 44000000000.0 13800000000 11500000000 13500000000 18800000000 5600000000 12500000000 75900000000 28100000000 400000000 500000000 200000000 200000000 7100000000 36500000000 239000000000.0 11900000000 14000000000.0 19000000000.0 5800000000 19600000000 309400000000 821600000000 34000000000.0 63900000000 38400000000 46600000000 45900000000 13700000000 1064200000000 38300000000 500000000 700000000 0.0 39500000000 21200000000 21200000000 1400000000 1400000000 60900000000 500000000 700000000 0.0 62100000000 27800000000 30800000000 1700000000 900000000 0 0 46000000 34000000 34400000000 36000000000.0 <div id="TextBlockContainer1560" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:847px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a181498" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Background </div><div id="a181500" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.6px;">A<div style="display:inline-block;width:6.3px"> </div>market-wide<div style="display:inline-block;width:6.24px"> </div>reform<div style="display:inline-block;width:6.45px"> </div>of<div style="display:inline-block;width:6.67px"> </div>major<div style="display:inline-block;width:5.94px"> </div>interest<div style="display:inline-block;width:7.02px"> </div>rate<div style="display:inline-block;width:5.84px"> </div>benchmarks<div style="display:inline-block;width:6.77px"> </div>is<div style="display:inline-block;width:6.09px"> </div>being<div style="display:inline-block;width:6.65px"> </div>undertaken<div style="display:inline-block;width:6.65px"> </div>globally.<div style="display:inline-block;width:8.03px"> </div>The<div style="display:inline-block;width:6.35px"> </div>publication<div style="display:inline-block;width:6.49px"> </div>of<div style="display:inline-block;width:6.2px"> </div>London </div><div id="a181503" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.8px;">Interbank Offered Rates (LIBORs) ceased immediately after 31 December 2021<div style="display:inline-block;width:5.01px"> </div>for all non-US dollar LIBORs, as well as<div style="display:inline-block;width:2.24px"> </div>for </div><div id="a181511" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">one-week<div style="display:inline-block;width:6.53px"> </div>and<div style="display:inline-block;width:6.08px"> </div>two-month<div style="display:inline-block;width:6.48px"> </div>USD<div style="display:inline-block;width:6.02px"> </div>LIBOR.<div style="display:inline-block;width:6.25px"> </div>Publication<div style="display:inline-block;width:5.82px"> </div>of<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:6.2px"> </div>remaining<div style="display:inline-block;width:6.48px"> </div>USD<div style="display:inline-block;width:5.98px"> </div>LIBOR<div style="display:inline-block;width:6.14px"> </div>tenors<div style="display:inline-block;width:5.82px"> </div>will<div style="display:inline-block;width:5.94px"> </div>cease<div style="display:inline-block;width:5.99px"> </div>immediately<div style="display:inline-block;width:5.85px"> </div>after </div><div id="a181517" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61.5px;">30 June 2023. </div><div id="a181521" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:84.2px;">In December 2022<div style="display:inline-block;width:1.98px"> </div>,<div style="display:inline-block;width:4.36px"> </div>the FCA consulted<div style="display:inline-block;width:5.96px"> </div>on the<div style="display:inline-block;width:5.29px"> </div>continued publication<div style="display:inline-block;width:5.73px"> </div>of one-,<div style="display:inline-block;width:5.42px"> </div>three-<div style="display:inline-block;width:4.74px"> </div>and six-month<div style="display:inline-block;width:5.16px"> </div>USD LIBOR<div style="display:inline-block;width:5.13px"> </div>under a </div><div id="a181532" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.3px;">synthetic format<div style="display:inline-block;width:5.95px"> </div>until the<div style="display:inline-block;width:5.97px"> </div>end of<div style="display:inline-block;width:5.79px"> </div>September 2024<div style="display:inline-block;width:6.06px"> </div>to ensure<div style="display:inline-block;width:5.9px"> </div>an orderly<div style="display:inline-block;width:5.07px"> </div>winding<div style="display:inline-block;width:5.12px"> </div>down of<div style="display:inline-block;width:6.07px"> </div>remaining contracts<div style="display:inline-block;width:5.23px"> </div>that are </div><div id="a181539" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:115px;">not<div style="display:inline-block;width:5.93px"> </div>governed<div style="display:inline-block;width:5.89px"> </div>by<div style="display:inline-block;width:5.2px"> </div>US<div style="display:inline-block;width:5.83px"> </div>law.<div style="display:inline-block;width:5.66px"> </div>In<div style="display:inline-block;width:5.3px"> </div>addition,<div style="display:inline-block;width:5.75px"> </div>in<div style="display:inline-block;width:5.3px"> </div>December<div style="display:inline-block;width:5.52px"> </div>2022,<div style="display:inline-block;width:6.12px"> </div>the<div style="display:inline-block;width:5.25px"> </div>US<div style="display:inline-block;width:5.83px"> </div>Federal<div style="display:inline-block;width:5.42px"> </div>Reserve<div style="display:inline-block;width:5.57px"> </div>Board<div style="display:inline-block;width:5.89px"> </div>adopted<div style="display:inline-block;width:5.86px"> </div>the<div style="display:inline-block;width:5.72px"> </div>final<div style="display:inline-block;width:5.52px"> </div>rules<div style="display:inline-block;width:5.99px"> </div>that </div><div id="a181542" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:130.1px;">implement the Adjustable Interest Rate (LIBOR) Act, which<div style="display:inline-block;width:5.02px"> </div>is substantially based on, and supersedes, the New York State </div><div id="a181543" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:145.2px;">LIBOR legislation.<div style="display:inline-block;width:5.02px"> </div>The Adjustable<div style="display:inline-block;width:5.48px"> </div>Interest Rate (LIBOR)<div style="display:inline-block;width:5.59px"> </div>Act provides<div style="display:inline-block;width:5.07px"> </div>a legislative solution<div style="display:inline-block;width:5.86px"> </div>for USD<div style="display:inline-block;width:5.04px"> </div>LIBOR legacy products </div><div id="a181544" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:160.8px;">governed by<div style="display:inline-block;width:5.55px"> </div>any US state<div style="display:inline-block;width:5.78px"> </div>law should<div style="display:inline-block;width:5.59px"> </div>such products<div style="display:inline-block;width:5.67px"> </div>fail to transition<div style="display:inline-block;width:6.03px"> </div>prior to<div style="display:inline-block;width:5.35px"> </div>the USD<div style="display:inline-block;width:5.66px"> </div>LIBOR cessation<div style="display:inline-block;width:5.34px"> </div>date of 30<div style="display:inline-block;width:5.82px"> </div>June </div><div id="a181548" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:176px;">2023. </div><div id="a181550" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:199.2px;">A framework<div style="display:inline-block;width:5.22px"> </div>has been<div style="display:inline-block;width:5.52px"> </div>established<div style="display:inline-block;width:5.07px"> </div>within UBS<div style="display:inline-block;width:5.4px"> </div>AG to<div style="display:inline-block;width:5.43px"> </div>address the<div style="display:inline-block;width:5.47px"> </div>transition of<div style="display:inline-block;width:5.82px"> </div>contracts that<div style="display:inline-block;width:5.26px"> </div>do not<div style="display:inline-block;width:5.49px"> </div>contain adequate </div><div id="a181558" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:214.3px;">fallback provisions and to cease entering<div style="display:inline-block;width:5.11px"> </div>into new LIBOR contracts, with the exception<div style="display:inline-block;width:5.06px"> </div>of specific circumstances that are </div><div id="a181563" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:229.4px;">allowed by regulatory provisions<div style="display:inline-block;width:5.18px"> </div>for USD LIBOR. </div><div id="a181568" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:252.2px;">Governance over the transition<div style="display:inline-block;width:5.1px"> </div>to alternative benchmark rates </div><div id="a181570" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:267.3px;">Throughout<div style="display:inline-block;width:5.13px"> </div>the transition<div style="display:inline-block;width:5.34px"> </div>process UBS<div style="display:inline-block;width:5.71px"> </div>AG has<div style="display:inline-block;width:5.63px"> </div>been maintain<div style="display:inline-block;width:1.41px"> </div>ing a<div style="display:inline-block;width:5.13px"> </div>global cross<div style="display:inline-block;width:1.69px"> </div>-divisional, cross-functional<div style="display:inline-block;width:5.95px"> </div>governance </div><div id="a181583" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:282.9px;">structure and change program to address the scale and complexity of the transition. This global program is sponsored by </div><div id="a181584" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:298.1px;">the Group CFO and led by<div style="display:inline-block;width:2.04px"> </div>senior representatives from the business divisions and UBS<div style="display:inline-block;width:1.43px"> </div>AG’s control and support functions. </div><div id="a181592" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:313.7px;">The program<div style="display:inline-block;width:5.42px"> </div>includes governance<div style="display:inline-block;width:5.09px"> </div>and execution structures<div style="display:inline-block;width:5.21px"> </div>within each<div style="display:inline-block;width:5.45px"> </div>business division,<div style="display:inline-block;width:5.25px"> </div>together with<div style="display:inline-block;width:5.03px"> </div>cross-divisional </div><div id="a181595" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:328.8px;">teams from each control and support function. During 2022, progress was overseen centrally via a monthly Group LIBOR </div><div id="a181598" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:344.4px;">Transition<div style="display:inline-block;width:5.14px"> </div>Forum with an increased US<div style="display:inline-block;width:5.27px"> </div>regional focus. </div><div id="a181602" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:367.1px;">Risks </div><div id="a181604" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:382.3px;">A core part of UBS AG’s<div style="display:inline-block;width:5.14px"> </div>change program is<div style="display:inline-block;width:5.2px"> </div>the identification, management and<div style="display:inline-block;width:5.47px"> </div>monitoring of the risks associated<div style="display:inline-block;width:5.47px"> </div>with </div><div id="a181608" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:397.4px;">IBOR reform and transition.<div style="display:inline-block;width:5.18px"> </div>These risks include, but are not<div style="display:inline-block;width:5.35px"> </div>limited to, the following: </div><div id="a181613" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:413px;">–</div><div id="a181614" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:412.9px;"> </div><div id="a181615" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:413px;">economic risks<div style="display:inline-block;width:5.56px"> </div>to UBS<div style="display:inline-block;width:6.28px"> </div>AG and<div style="display:inline-block;width:5.29px"> </div>its clients,<div style="display:inline-block;width:5.36px"> </div>through<div style="display:inline-block;width:5.2px"> </div>the repricing<div style="display:inline-block;width:5.48px"> </div>of existing<div style="display:inline-block;width:5.72px"> </div>contracts, reduced<div style="display:inline-block;width:5.96px"> </div>transparency and<div style="display:inline-block;width:5.74px"> </div>/ or </div><div id="a181620" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:428.2px;">liquidity of pricing information,<div style="display:inline-block;width:5.06px"> </div>market uncertainty or disruption; </div><div id="a181622" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:443.8px;">–</div><div id="a181623" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:443.6px;"> </div><div id="a181624" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:443.8px;">accounting risks,<div style="display:inline-block;width:2.29px"> </div>where the transition affects<div style="display:inline-block;width:1.79px"> </div>the accounting treatment,<div style="display:inline-block;width:2.28px"> </div>including hedge accounting and consequential </div><div id="a181626" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:458.9px;">income statement volatility; </div><div id="a181628" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:474px;">–</div><div id="a181629" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:473.9px;"> </div><div id="a181630" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:474px;">valuation risks<div style="display:inline-block;width:5.66px"> </div>arising from<div style="display:inline-block;width:5.85px"> </div>the variation<div style="display:inline-block;width:5.52px"> </div>between<div style="display:inline-block;width:5.08px"> </div>benchmarks that<div style="display:inline-block;width:5.82px"> </div>will cease<div style="display:inline-block;width:5.42px"> </div>and<div style="display:inline-block;width:5.13px"> </div>ARRs, affecting<div style="display:inline-block;width:5.9px"> </div>the risk<div style="display:inline-block;width:5.15px"> </div>profile of </div><div id="a181631" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:489.7px;">financial instruments; </div><div id="a181633" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:504.8px;">–</div><div id="a181634" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:504.7px;"> </div><div id="a181635" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:504.8px;">operational<div style="display:inline-block;width:3.19px"> </div>risks arising from<div style="display:inline-block;width:2.01px"> </div>changes to UBS<div style="display:inline-block;width:2.11px"> </div>AG’s front-to-back processes and<div style="display:inline-block;width:2.2px"> </div>systems to accommodate the<div style="display:inline-block;width:1.85px"> </div>transition </div><div id="a181645" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:520.4px;">(e.g., data sourcing and processing<div style="display:inline-block;width:5.68px"> </div>and bulk migration of contracts); and </div><div id="a181650" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:535.6px;">–</div><div id="a181651" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:535.4px;"> </div><div id="a181652" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:535.6px;">legal<div style="display:inline-block;width:6.61px"> </div>and<div style="display:inline-block;width:7.03px"> </div>conduct<div style="display:inline-block;width:6.87px"> </div>risks<div style="display:inline-block;width:6.93px"> </div>relating<div style="display:inline-block;width:7.22px"> </div>to<div style="display:inline-block;width:6.8px"> </div>UBS<div style="display:inline-block;width:6.98px"> </div>AG’s<div style="display:inline-block;width:6.89px"> </div>engagement<div style="display:inline-block;width:7.12px"> </div>with<div style="display:inline-block;width:7.14px"> </div>clients<div style="display:inline-block;width:6.78px"> </div>and<div style="display:inline-block;width:7.03px"> </div>market<div style="display:inline-block;width:7.2px"> </div>counterparties<div style="display:inline-block;width:7.5px"> </div>around<div style="display:inline-block;width:7.52px"> </div>new </div><div id="a181657" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:551.2px;">benchmark products and<div style="display:inline-block;width:5.08px"> </div>amendments required for existing contracts referencing<div style="display:inline-block;width:5.34px"> </div>benchmarks that will cease. </div><div id="a181659" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:573.9px;">Overall, the effort required to transition is<div style="display:inline-block;width:2.02px"> </div>affected by multiple factors, including whether negotiations need to take place </div><div id="a181662" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:589px;">with multiple stakeholders (as is the<div style="display:inline-block;width:5.05px"> </div>case for syndicated loans or certain listed securities),<div style="display:inline-block;width:5.81px"> </div>market readiness and a client’s </div><div id="a181664" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:604.2px;">technical readiness to handle ARR market conventions.<div style="display:inline-block;width:5.21px"> </div>UBS AG remains confident that it has the transparency, oversight </div><div id="a181669" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:619.8px;">and operational preparedness to progress with the IBOR transition consistent with<div style="display:inline-block;width:5.14px"> </div>market timelines, given the significant </div><div id="a181673" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:634.9px;">progress<div style="display:inline-block;width:5.61px"> </div>made as<div style="display:inline-block;width:5.88px"> </div>of 31<div style="display:inline-block;width:5.39px"> </div>December 2022<div style="display:inline-block;width:1.77px"> </div>.<div style="display:inline-block;width:4.83px"> </div>UBS<div style="display:inline-block;width:5.09px"> </div>AG did<div style="display:inline-block;width:6.16px"> </div>not have<div style="display:inline-block;width:6.03px"> </div>and<div style="display:inline-block;width:5.13px"> </div>does<div style="display:inline-block;width:5.18px"> </div>not expect<div style="display:inline-block;width:6.15px"> </div>changes<div style="display:inline-block;width:5.18px"> </div>to its<div style="display:inline-block;width:6.09px"> </div>risk management </div><div id="a181682" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:650.5px;">approach and strategy as a result of interest<div style="display:inline-block;width:5.4px"> </div>rate benchmark reform. </div><div id="a181685" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:680.5px;">Transition progress<div style="display:inline-block;width:4.81px"> </div></div><div id="a181689" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:703.5px;">UBS<div style="display:inline-block;width:6.5px"> </div>AG’s<div style="display:inline-block;width:5.91px"> </div>significant<div style="display:inline-block;width:5.98px"> </div>non-derivative<div style="display:inline-block;width:6.42px"> </div>exposures<div style="display:inline-block;width:6.79px"> </div>subject<div style="display:inline-block;width:6.14px"> </div>to<div style="display:inline-block;width:6.2px"> </div>IBOR<div style="display:inline-block;width:5.87px"> </div>reform<div style="display:inline-block;width:6.08px"> </div>primarily<div style="display:inline-block;width:5.85px"> </div>related<div style="display:inline-block;width:6.71px"> </div>to<div style="display:inline-block;width:6.2px"> </div>brokerage<div style="display:inline-block;width:6.69px"> </div>receivable<div style="display:inline-block;width:5.82px"> </div>and </div><div id="a181699" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:719.1px;">payable balances,<div style="display:inline-block;width:6.13px"> </div>corporate and<div style="display:inline-block;width:6.13px"> </div>private loans,<div style="display:inline-block;width:6.29px"> </div>and<div style="display:inline-block;width:5.13px"> </div>mortgages,<div style="display:inline-block;width:5.03px"> </div>linked to<div style="display:inline-block;width:6.02px"> </div>CHF and<div style="display:inline-block;width:5.63px"> </div>USD<div style="display:inline-block;width:5.04px"> </div>LIBORs. During<div style="display:inline-block;width:6.49px"> </div>2020, UBS<div style="display:inline-block;width:5.69px"> </div>AG </div><div id="a181707" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:734.3px;">transitioned most of its CHF LIBOR-linked deposits to the Swiss Average Overnight Rate (SARON<div style="display:inline-block;width:1.57px"> </div>). In that same year, UBS </div><div id="a181718" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:749.9px;">AG<div style="display:inline-block;width:5.28px"> </div>launched<div style="display:inline-block;width:5.7px"> </div>SARON-based<div style="display:inline-block;width:5.97px"> </div>mortgages<div style="display:inline-block;width:5.46px"> </div>and<div style="display:inline-block;width:5.61px"> </div>corporate<div style="display:inline-block;width:5.15px"> </div>loans<div style="display:inline-block;width:5.55px"> </div>based<div style="display:inline-block;width:5.18px"> </div>on<div style="display:inline-block;width:5.13px"> </div>all major<div style="display:inline-block;width:6.31px"> </div>ARRs<div style="display:inline-block;width:5.81px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the<div style="display:inline-block;width:5.25px"> </div>Swiss<div style="display:inline-block;width:5.3px"> </div>market, as<div style="display:inline-block;width:6.42px"> </div>well<div style="display:inline-block;width:5.36px"> </div>as </div><div id="a181724" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:765px;">Secure Overnight Financing R<div style="display:inline-block;width:1.49px"> </div>ate (SOFR)-based mortgages in the US<div style="display:inline-block;width:5.08px"> </div>market.<div style="display:inline-block;width:4.03px"> </div></div><div id="a181736" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:787.7px;">Throughout 2021, UBS AG transitioned<div style="display:inline-block;width:5.26px"> </div>substantially all of its private and corporate loans linked<div style="display:inline-block;width:5.08px"> </div>to non-USD IBORs, with </div><div id="a181743" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:802.9px;">the remaining<div style="display:inline-block;width:6.16px"> </div>CHF LIBOR-linked<div style="display:inline-block;width:5.92px"> </div>contracts transitioning<div style="display:inline-block;width:6.2px"> </div>on<div style="display:inline-block;width:5.13px"> </div>their first<div style="display:inline-block;width:5.06px"> </div>roll date<div style="display:inline-block;width:5.91px"> </div>in 2022.<div style="display:inline-block;width:6.32px"> </div>In addition,<div style="display:inline-block;width:5.48px"> </div>as of<div style="display:inline-block;width:5.4px"> </div>31 December </div><div id="a181749" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:818.5px;">2021<div style="display:inline-block;width:6.96px"> </div>UBS<div style="display:inline-block;width:6.53px"> </div>AG<div style="display:inline-block;width:6.7px"> </div>had<div style="display:inline-block;width:6.55px"> </div>completed<div style="display:inline-block;width:6.61px"> </div>the<div style="display:inline-block;width:6.67px"> </div>transition<div style="display:inline-block;width:6.61px"> </div>of<div style="display:inline-block;width:6.67px"> </div>IBOR-linked<div style="display:inline-block;width:6.99px"> </div>non-derivative<div style="display:inline-block;width:6.39px"> </div>financial<div style="display:inline-block;width:6.83px"> </div>assets<div style="display:inline-block;width:6.61px"> </div>and<div style="display:inline-block;width:7.03px"> </div>liabilities<div style="display:inline-block;width:6.09px"> </div>related<div style="display:inline-block;width:6.65px"> </div>to </div><div id="a181758" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:833.6px;">brokerage accounts, except for balances<div style="display:inline-block;width:5.1px"> </div>originated in the US,<div style="display:inline-block;width:5.02px"> </div>which transitioned to SOFR in January 2022.</div></div><div id="TextBlockContainer1562" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:594px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a181802" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">In<div style="display:inline-block;width:5.3px"> </div>2022,<div style="display:inline-block;width:5.17px"> </div>UBS<div style="display:inline-block;width:5.63px"> </div>AG focused<div style="display:inline-block;width:6.6px"> </div>its efforts<div style="display:inline-block;width:6.39px"> </div>on<div style="display:inline-block;width:5.13px"> </div>the<div style="display:inline-block;width:5.25px"> </div>transition<div style="display:inline-block;width:5.19px"> </div>of<div style="display:inline-block;width:5.25px"> </div>USD<div style="display:inline-block;width:5.04px"> </div>LIBOR<div style="display:inline-block;width:5.2px"> </div>and<div style="display:inline-block;width:5.61px"> </div>the remaining<div style="display:inline-block;width:6.63px"> </div>non-USD<div style="display:inline-block;width:5.74px"> </div>LIBOR<div style="display:inline-block;width:5.2px"> </div>contracts, by </div><div id="a181809" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">leveraging industry solutions<div style="display:inline-block;width:6.04px"> </div>(e.g., the use<div style="display:inline-block;width:5.06px"> </div>of fallback provisions),<div style="display:inline-block;width:5.42px"> </div>through third-party actions<div style="display:inline-block;width:5.3px"> </div>(those by clearing<div style="display:inline-block;width:5.18px"> </div>houses, </div><div id="a181813" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">agents,<div style="display:inline-block;width:7.97px"> </div>etc.)<div style="display:inline-block;width:7.42px"> </div>and<div style="display:inline-block;width:7.97px"> </div>bi-lateral<div style="display:inline-block;width:7.06px"> </div>contract<div style="display:inline-block;width:7.58px"> </div>negotiations.<div style="display:inline-block;width:8.69px"> </div>As<div style="display:inline-block;width:7.77px"> </div>of<div style="display:inline-block;width:7.14px"> </div>31 December<div style="display:inline-block;width:8.08px"> </div>2022,<div style="display:inline-block;width:8.01px"> </div>the<div style="display:inline-block;width:7.14px"> </div>transition<div style="display:inline-block;width:7.55px"> </div>of<div style="display:inline-block;width:7.62px"> </div>non-USD<div style="display:inline-block;width:8.48px"> </div>IBORs<div style="display:inline-block;width:7.81px"> </div>is </div><div id="a181820" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.9px;">substantially complete. </div><div id="a181822" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:69.1px;">In addition,<div style="display:inline-block;width:5.48px"> </div>in 2022,<div style="display:inline-block;width:5.37px"> </div>substantially all US<div style="display:inline-block;width:5.37px"> </div>securities-based<div style="display:inline-block;width:5.15px"> </div>lending has<div style="display:inline-block;width:5.69px"> </div>been transitioned<div style="display:inline-block;width:5.08px"> </div>to SOFR and<div style="display:inline-block;width:5.76px"> </div>UBS AG<div style="display:inline-block;width:5.3px"> </div>continues </div><div id="a181832" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:84.2px;">to make<div style="display:inline-block;width:5.68px"> </div>good<div style="display:inline-block;width:5.07px"> </div>progress<div style="display:inline-block;width:5.13px"> </div>on the<div style="display:inline-block;width:5.76px"> </div>transition of<div style="display:inline-block;width:5.82px"> </div>the remaining<div style="display:inline-block;width:5.85px"> </div>USD LIBOR<div style="display:inline-block;width:5.61px"> </div>non-derivative<div style="display:inline-block;width:5.04px"> </div>assets and<div style="display:inline-block;width:6.18px"> </div>liabilities, with<div style="display:inline-block;width:5.52px"> </div>the US </div><div id="a181838" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.3px;">mortgage portfolio of USD </div><div id="a181838_26_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:160.592px;top:99.3px;">9</div><div id="a181838_27_26" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:168.158px;top:99.3px;">bn (31 December 2021: USD </div><div id="a181838_53_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:336.125px;top:99.3px;">11</div><div id="a181838_55_55" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:350.785px;top:99.3px;">bn) the largest remaining exposure<div style="display:inline-block;width:5.5px"> </div>left to transition. </div><div id="a181849" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:122.5px;">In August<div style="display:inline-block;width:6.06px"> </div>2022,<div style="display:inline-block;width:5.17px"> </div>to facilitate<div style="display:inline-block;width:5.33px"> </div>the transition<div style="display:inline-block;width:6.29px"> </div>of derivatives<div style="display:inline-block;width:5.63px"> </div>linked to<div style="display:inline-block;width:6.02px"> </div>the USD<div style="display:inline-block;width:6.14px"> </div>LIBOR Swap<div style="display:inline-block;width:6.08px"> </div>Rate, UBS<div style="display:inline-block;width:6.63px"> </div>AG adhered<div style="display:inline-block;width:6.05px"> </div>to the </div><div id="a181855" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:137.7px;">June 2022<div style="display:inline-block;width:6.37px"> </div>Benchmark Module<div style="display:inline-block;width:6.43px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>ISDA 2021<div style="display:inline-block;width:6.32px"> </div>Fallbacks Protocol<div style="display:inline-block;width:5.65px"> </div>on<div style="display:inline-block;width:5.13px"> </div>the USD<div style="display:inline-block;width:6.14px"> </div>LIBOR Swap<div style="display:inline-block;width:6.08px"> </div>Rate.<div style="display:inline-block;width:5.23px"> </div>UBS<div style="display:inline-block;width:5.12px"> </div>AG will<div style="display:inline-block;width:5.62px"> </div>begin </div><div id="a181862" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:152.8px;">gradually transitioning USD<div style="display:inline-block;width:5.1px"> </div>LIBOR derivatives not transacted<div style="display:inline-block;width:5.35px"> </div>with clearing houses<div style="display:inline-block;width:5.06px"> </div>or exchanges from the first quarter<div style="display:inline-block;width:5.48px"> </div>of </div><div id="a181863" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:167.9px;">2023. The transition of USD<div style="display:inline-block;width:5.22px"> </div>LIBOR-cleared derivatives is planned to commence<div style="display:inline-block;width:5.27px"> </div>in the second quarter of 2023. </div><div id="a181869" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:191.2px;">As of<div style="display:inline-block;width:5.12px"> </div>31 December 2022,<div style="display:inline-block;width:6.16px"> </div>UBS AG had<div style="display:inline-block;width:5.79px"> </div>approximately USD </div><div id="a181869_53_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:345.619px;top:191.2px;">3</div><div id="a181869_54_56" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:353.185px;top:191.2px;">bn equivalent<div style="display:inline-block;width:5.29px"> </div>of yen- and<div style="display:inline-block;width:6.28px"> </div>US dollar-denominated<div style="display:inline-block;width:5.79px"> </div>funding </div><div id="a181896" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:206.3px;">from UBS<div style="display:inline-block;width:6.12px"> </div>Group AG<div style="display:inline-block;width:6px"> </div>that, per<div style="display:inline-block;width:5.36px"> </div>current contractual<div style="display:inline-block;width:5.54px"> </div>terms, if<div style="display:inline-block;width:5.69px"> </div>not called<div style="display:inline-block;width:6.36px"> </div>on<div style="display:inline-block;width:5.13px"> </div>their respective<div style="display:inline-block;width:5.25px"> </div>call dates,<div style="display:inline-block;width:6.04px"> </div>would reset<div style="display:inline-block;width:5.89px"> </div>based </div><div id="a181903" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:221.4px;">directly on<div style="display:inline-block;width:5.23px"> </div>JPY LIBOR and<div style="display:inline-block;width:5.13px"> </div>USD LIBOR. In<div style="display:inline-block;width:5.09px"> </div>addition, certain US<div style="display:inline-block;width:5.23px"> </div>dollar-denominated contracts providing<div style="display:inline-block;width:5.39px"> </div>funding from<div style="display:inline-block;width:5.1px"> </div>UBS </div><div id="a181909" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:237px;">Group AG reference<div style="display:inline-block;width:1.84px"> </div>rates indirectly<div style="display:inline-block;width:2.3px"> </div>derived from IBORs, if<div style="display:inline-block;width:1.75px"> </div>they are<div style="display:inline-block;width:1.93px"> </div>not called on<div style="display:inline-block;width:2.07px"> </div>their respective call<div style="display:inline-block;width:1.88px"> </div>dates. These contracts </div><div id="a181914" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:252.2px;">have robust IBOR fallback language and the confirmation of interest rate calculation mechanics will be communicated as </div><div id="a181915" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:267.3px;">market standards formalize and in advance of<div style="display:inline-block;width:2.11px"> </div>any rate resets. These debt instruments<div style="display:inline-block;width:2.01px"> </div>have not been included in the<div style="display:inline-block;width:2.32px"> </div>table </div><div id="a181919" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:282.9px;">below, given their current fixed-rate<div style="display:inline-block;width:5.19px"> </div>coupon.<div style="display:inline-block;width:4.25px"> </div></div><div id="a181927" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:305.6px;">Financial instruments yet to transition<div style="display:inline-block;width:5.04px"> </div>to alternative benchmarks </div><div id="a181932" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:320.8px;">The amounts included<div style="display:inline-block;width:2.1px"> </div>in the<div style="display:inline-block;width:2.14px"> </div>table below relate<div style="display:inline-block;width:2.28px"> </div>to financial instrument contracts<div style="display:inline-block;width:1.99px"> </div>across UBS AG’s business divisions<div style="display:inline-block;width:2.32px"> </div>where </div><div id="a181937" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:336.4px;">UBS AG has material exposures<div style="display:inline-block;width:5.28px"> </div>subject to IBOR reform that have not<div style="display:inline-block;width:5.09px"> </div>yet transitioned to ARRs,<div style="display:inline-block;width:5.63px"> </div>and that: </div><div id="a181943" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:351.5px;">–</div><div id="a181944" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:351.4px;"> </div><div id="a181945" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:351.5px;">contractually reference an interest rate benchmark<div style="display:inline-block;width:5.46px"> </div>that will transition to an<div style="display:inline-block;width:5.07px"> </div>alternative benchmark; and </div><div id="a181947" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:366.7px;">–</div><div id="a181948" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:366.5px;"> </div><div id="a181949" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:366.7px;">have a contractual maturity date (including<div style="display:inline-block;width:5.76px"> </div>open-ended contracts) after the agreed<div style="display:inline-block;width:5.22px"> </div>cessation dates.<div style="display:inline-block;width:4.3px"> </div></div><div id="a181954" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:389.8px;">Contracts where penalty terms reference IBORs, or where exposure to<div style="display:inline-block;width:1.81px"> </div>an IBOR is not<div style="display:inline-block;width:2.33px"> </div>the primary purpose of the<div style="display:inline-block;width:2.13px"> </div>contract, </div><div id="a181958" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:405px;">have not been included,<div style="display:inline-block;width:5.25px"> </div>as these contracts do not have a material impact on<div style="display:inline-block;width:5.38px"> </div>the transition process.<div style="display:inline-block;width:4.86px"> </div></div><div id="a181961" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:427.7px;">In line with information provided to management and external<div style="display:inline-block;width:1.98px"> </div>parties monitoring UBS AG’s transition progress, the table </div><div id="a181966" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:442.8px;">below<div style="display:inline-block;width:6.58px"> </div>includes<div style="display:inline-block;width:6.39px"> </div>the<div style="display:inline-block;width:6.2px"> </div>following<div style="display:inline-block;width:6.12px"> </div>financial<div style="display:inline-block;width:5.88px"> </div>metrics<div style="display:inline-block;width:5.9px"> </div>for<div style="display:inline-block;width:6.04px"> </div>instruments<div style="display:inline-block;width:6.79px"> </div>external<div style="display:inline-block;width:6.44px"> </div>to<div style="display:inline-block;width:6.2px"> </div>UBS<div style="display:inline-block;width:6.5px"> </div>AG<div style="display:inline-block;width:5.82px"> </div>that<div style="display:inline-block;width:6.04px"> </div>are<div style="display:inline-block;width:6.27px"> </div>subject<div style="display:inline-block;width:6.14px"> </div>to<div style="display:inline-block;width:6.2px"> </div>interest<div style="display:inline-block;width:6.07px"> </div>rate </div><div id="a181974" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:458.4px;">benchmark reform: </div><div id="a181976" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:473.6px;">–</div><div id="a181977" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:473.4px;"> </div><div id="a181978" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:473.6px;">gross carrying value / exposure for non<div style="display:inline-block;width:2px"> </div>-derivative financial instruments; and<div style="display:inline-block;width:5.01px"> </div></div><div id="a181982" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:488.7px;">–</div><div id="a181983" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.526px;top:488.6px;"> </div><div id="a181984" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:20.038px;top:488.7px;">total trade count for derivative financial<div style="display:inline-block;width:5.05px"> </div>instruments. </div><div id="a181986" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:511.9px;">The<div style="display:inline-block;width:5.4px"> </div>exposures<div style="display:inline-block;width:5.86px"> </div>included<div style="display:inline-block;width:5.63px"> </div>in the<div style="display:inline-block;width:6.4px"> </div>table<div style="display:inline-block;width:5.15px"> </div>below<div style="display:inline-block;width:5.61px"> </div>reflect the<div style="display:inline-block;width:6.34px"> </div>maximum<div style="display:inline-block;width:5.11px"> </div>IBOR<div style="display:inline-block;width:5.87px"> </div>exposure,<div style="display:inline-block;width:5.94px"> </div>without<div style="display:inline-block;width:5.03px"> </div>regard<div style="display:inline-block;width:5.78px"> </div>for<div style="display:inline-block;width:5.1px"> </div>early termination </div><div id="a181996" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:527px;">rights, with the actual exposure<div style="display:inline-block;width:5.32px"> </div>being dependent upon client preferences and<div style="display:inline-block;width:5.37px"> </div>investment decisions.<div style="display:inline-block;width:4.66px"> </div></div><div id="a182004" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:549.7px;">As of 31 December 2022,<div style="display:inline-block;width:2.41px"> </div>UBS AG had<div style="display:inline-block;width:2.46px"> </div>made significant progress in<div style="display:inline-block;width:2.12px"> </div>transitioning LIBOR exposures to<div style="display:inline-block;width:2.18px"> </div>ARRs. The remaining </div><div id="a182016" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:564.9px;">USD<div style="display:inline-block;width:6.01px"> </div>LIBOR-linked<div style="display:inline-block;width:5.72px"> </div>exposures<div style="display:inline-block;width:6.26px"> </div>included<div style="display:inline-block;width:6.07px"> </div>in<div style="display:inline-block;width:5.77px"> </div>the<div style="display:inline-block;width:5.72px"> </div>table<div style="display:inline-block;width:5.62px"> </div>below<div style="display:inline-block;width:6.08px"> </div>primarily<div style="display:inline-block;width:6.06px"> </div>relate<div style="display:inline-block;width:6.45px"> </div>to<div style="display:inline-block;width:5.72px"> </div>derivatives<div style="display:inline-block;width:5.48px"> </div>and<div style="display:inline-block;width:6.15px"> </div>US<div style="display:inline-block;width:5.83px"> </div>mortgages,<div style="display:inline-block;width:6.45px"> </div>with<div style="display:inline-block;width:5.72px"> </div>the </div><div id="a182023" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:580.5px;">transition planned to be<div style="display:inline-block;width:5.04px"> </div>completed by 30 June 2023.</div></div><div id="TextBlockContainer1566" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#9A3D37;line-height:normal;width:685px;height:287px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1564_XBRL_TS_4632cc0efe334f749e1c7c9b4c0409b9" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1565" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#9A3D37;line-height:normal;width:685px;height:287px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a182033" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.097px;top:0px;">LIBOR benchmark rates </div><div id="a182039" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:13.7px;">31.12.22</div><div id="a182040" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:359.977px;top:14.4px;">1</div><div id="a182043" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.764px;top:13.7px;">31.12.21 </div><div id="a182046" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:236.004px;top:27.5px;">Measure </div><div id="a182049" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.657px;top:27.5px;">USD </div><div id="a182052" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:422.43px;top:27.5px;">USD </div><div id="a182054" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:482.99px;top:27.5px;">CHF </div><div id="a182056" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:542.604px;top:27.5px;">GBP </div><div id="a182058" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:600.364px;top:27.5px;">EUR</div><div id="a182059" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:615.497px;top:28.1px;">2 </div><div id="a182061" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:665.657px;top:27.5px;">JPY </div><div id="a182063" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:42.1px;">Carrying value of non<div style="display:inline-block;width:1.39px"> </div>-derivative financial instruments </div><div id="a182076" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:57.3px;">Total non-derivative financial assets<div style="display:inline-block;width:4.16px"> </div></div><div id="a182080" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:236.004px;top:57.3px;">USD m </div><div id="a182083_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:342.95px;top:57.3px;">14,269</div><div id="a182085" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:369.43px;top:57.9px;">3 </div><div id="a182088_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:409.19px;top:57.3px;">65,234</div><div id="a182090" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:435.204px;top:57.9px;">3 </div><div id="a182092_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:469.284px;top:57.3px;">21,616</div><div id="a182094" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:495.324px;top:57.9px;">4 </div><div id="a182096_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:545.924px;top:57.3px;">45</div><div id="a182098" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:555.404px;top:57.9px;">5 </div><div id="a182100_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:613.604px;top:57.3px;">1</div><div id="a182103_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.697px;top:57.3px;">0</div><div id="a182106" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:71.5px;">Total non-derivative financial liabilities<div style="display:inline-block;width:3.86px"> </div></div><div id="a182110" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:236.004px;top:71.5px;">USD m </div><div id="a182113_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:347.684px;top:71.5px;">1,138</div><div id="a182115" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:369.43px;top:72.1px;">5 </div><div id="a182118_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:413.91px;top:71.5px;">1,985</div><div id="a182120" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:435.204px;top:72.1px;">5 </div><div id="a182122_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:485.83px;top:71.5px;">27</div><div id="a182124" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:495.324px;top:72.1px;">5 </div><div id="a182126_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:550.684px;top:71.5px;">3</div><div id="a182128" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:555.404px;top:72.1px;">5 </div><div id="a182130_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:610.777px;top:71.5px;">5</div><div id="a182132" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:615.497px;top:72.1px;">6 </div><div id="a182134_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.697px;top:71.5px;">0</div><div id="a182147" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:97.5px;">Trade count<div style="display:inline-block;width:3.97px"> </div>of derivative financial instruments </div><div id="a182158" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:112.1px;">Total derivative financial instruments </div><div id="a182160" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:236.004px;top:112.1px;">Trade count </div><div id="a182163_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:342.95px;top:112.1px;">32,006</div><div id="a182165" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:369.43px;top:112.8px;">7 </div><div id="a182168_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:404.457px;top:112.1px;">40,500</div><div id="a182170" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:430.47px;top:112.8px;">7,8</div><div id="a182172_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.097px;top:112.1px;">829</div><div id="a182174" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:495.324px;top:112.8px;">9 </div><div id="a182176_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:541.19px;top:112.1px;">183</div><div id="a182178" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:555.404px;top:112.8px;">9 </div><div id="a182180_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:594.19px;top:112.1px;">3,744</div><div id="a182182" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:615.497px;top:112.8px;">9 </div><div id="a182184_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:661.404px;top:112.1px;">184</div><div id="a182186" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:675.59px;top:112.8px;">9 </div><div id="a182198" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:138.2px;">Off-balance sheet exposures </div><div id="a182211" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:152.3px;">Total irrevocable loan commitments </div><div id="a182213" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:236.004px;top:152.3px;">USD m </div><div id="a182216_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.844px;top:152.3px;">4,606</div><div id="a182218" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:366.59px;top:153px;">10 </div><div id="a182221_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:406.35px;top:152.3px;">11,863</div><div id="a182223" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:432.364px;top:153px;">11 </div><div id="a182225_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:493.39px;top:152.3px;">0</div><div id="a182228_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:553.524px;top:152.3px;">0</div><div id="a182231_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:613.604px;top:152.3px;">0</div><div id="a182234_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.697px;top:152.3px;">0</div><div id="a182237" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:166.9px;">1 As of 31 December<div style="display:inline-block;width:3.38px"> </div>2022, non-USD<div style="display:inline-block;width:4.02px"> </div>balances and trade<div style="display:inline-block;width:3.81px"> </div>counts are minimal.<div style="display:inline-block;width:10.66px"> </div>2 Relates primarily<div style="display:inline-block;width:3.79px"> </div>to EUR LIBOR<div style="display:inline-block;width:3.77px"> </div>positions.<div style="display:inline-block;width:9.91px"> </div>3 Includes USD </div><div id="a182237_138_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:453.644px;top:166.9px;">1</div><div id="a182237_139_26" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:458.373px;top:166.9px;">bn (31 December 2021:<div style="display:inline-block;width:3.9px"> </div>USD </div><div id="a182237_165_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:551.63px;top:166.9px;">1</div><div id="a182237_166_40" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:555.886px;top:166.9px;">bn) of loans<div style="display:inline-block;width:3.47px"> </div>related to revolving<div style="display:inline-block;width:4.07px"> </div>multi-</div><div id="a182255" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:176.9px;">currency credit lines, where IBOR transition efforts are complete,<div style="display:inline-block;width:3.96px"> </div>except for USD LIBOR. Balances as of 31 December 2021<div style="display:inline-block;width:3.57px"> </div>also include USD </div><div id="a182255_138_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:439.451px;top:176.9px;">37</div><div id="a182255_140_46" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:447.963px;top:176.9px;">bn USD LIBOR securities-based lending and USD </div><div id="a182255_186_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:600.309px;top:176.9px;">5</div><div id="a182255_187_23" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:604.565px;top:176.9px;">bn brokerage accounts, </div><div id="a182261" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:187.3px;">which for the most part transitioned<div style="display:inline-block;width:4.25px"> </div>to SOFR in January<div style="display:inline-block;width:3.56px"> </div>2022. The remaining<div style="display:inline-block;width:3.85px"> </div>balances as of 31<div style="display:inline-block;width:3.52px"> </div>December 2022 and 31<div style="display:inline-block;width:3.4px"> </div>December 2021<div style="display:inline-block;width:3.46px"> </div>primarily relate to<div style="display:inline-block;width:3.62px"> </div>US mortgages and corporate<div style="display:inline-block;width:3.88px"> </div>lending.<div style="display:inline-block;width:9.14px"> </div>4 Relates primarily </div><div id="a182266" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:197.2px;">to CHF LIBOR<div style="display:inline-block;width:3.45px"> </div>mortgages, which<div style="display:inline-block;width:4.26px"> </div>have automatically<div style="display:inline-block;width:3.93px"> </div>transitioned to SARON<div style="display:inline-block;width:4.07px"> </div>on their first<div style="display:inline-block;width:3.46px"> </div>roll date in<div style="display:inline-block;width:3.62px"> </div>2022.<div style="display:inline-block;width:9.99px"> </div>5 Relates to<div style="display:inline-block;width:3.55px"> </div>floating-rate<div style="display:inline-block;width:3.5px"> </div>notes that per<div style="display:inline-block;width:3.47px"> </div>their contractual<div style="display:inline-block;width:3.47px"> </div>terms can<div style="display:inline-block;width:3.47px"> </div>reset to rates<div style="display:inline-block;width:3.63px"> </div>linked to<div style="display:inline-block;width:3.62px"> </div>LIBOR, with </div><div id="a182271" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:207.1px;">transition dependent<div style="display:inline-block;width:3.62px"> </div>upon the actions<div style="display:inline-block;width:4.1px"> </div>of respective issuers.<div style="display:inline-block;width:10.87px"> </div>6 Relates to<div style="display:inline-block;width:3.45px"> </div>contracts that<div style="display:inline-block;width:3.47px"> </div>transitioned in<div style="display:inline-block;width:3.93px"> </div>January 2022.<div style="display:inline-block;width:10.56px"> </div>7 Includes approximately </div><div id="a182271_150_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:470.669px;top:207.1px;">2,000</div><div id="a182271_155_20" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:489.585px;top:207.1px;"><div style="display:inline-block;width:2.36px"> </div>(31 December 2021: </div><div id="a182271_175_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:559.634px;top:207.1px;">1,000</div><div id="a182271_180_33" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:578.55px;top:207.1px;">) contracts having a<div style="display:inline-block;width:3.63px"> </div>contractual </div><div id="a182279" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:217.5px;">maturity after 30 June 2023, with the<div style="display:inline-block;width:3.46px"> </div>last USD LIBOR fixing occurring<div style="display:inline-block;width:3.84px"> </div>before 30 June 2023. No further contractual<div style="display:inline-block;width:4.21px"> </div>fixing is required for these contracts.<div style="display:inline-block;width:10.89px"> </div>8 Includes approximately </div><div id="a182279_182_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:567.163px;top:217.5px;">5,000</div><div id="a182279_187_32" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:586.079px;top:217.5px;"><div style="display:inline-block;width:1.89px"> </div>cross-currency derivatives,<div style="display:inline-block;width:4.19px"> </div>of </div><div id="a182287" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:227.5px;">which approximately </div><div id="a182287_20_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:69.86px;top:227.5px;">500</div><div id="a182287_23_183" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:82.629px;top:227.5px;"><div style="display:inline-block;width:2.36px"> </div>have both a non-USD LIBOR<div style="display:inline-block;width:3.71px"> </div>leg and a USD LIBOR<div style="display:inline-block;width:3.63px"> </div>leg, where the<div style="display:inline-block;width:3.38px"> </div>non-USD leg transitioned in<div style="display:inline-block;width:3.65px"> </div>January 2022 before<div style="display:inline-block;width:3.63px"> </div>the next fixing date.<div style="display:inline-block;width:3.65px"> </div>The remainder represents<div style="display:inline-block;width:3.79px"> </div>cross-currency swaps<div style="display:inline-block;width:3.98px"> </div>with </div><div id="a182295" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:237.9px;">an ARR leg and a USD IBOR leg.<div style="display:inline-block;width:6.8px"> </div>9 Includes predominantly bilateral<div style="display:inline-block;width:3.7px"> </div>derivatives, which transitioned<div style="display:inline-block;width:3.6px"> </div>in January 2022, and an insignificant amount of cleared<div style="display:inline-block;width:3.54px"> </div>derivatives, where the respective clearing<div style="display:inline-block;width:3.46px"> </div>houses’ organized </div><div id="a182299" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:247.8px;">transition happened in<div style="display:inline-block;width:3.79px"> </div>January 2022.<div style="display:inline-block;width:9.62px"> </div>10 Includes approximately<div style="display:inline-block;width:4.29px"> </div>USD </div><div id="a182299_70_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:230.741px;top:247.8px;">3</div><div id="a182299_71_137" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:234.997px;top:247.8px;">bn of loan commitments<div style="display:inline-block;width:4.23px"> </div>that can be drawn<div style="display:inline-block;width:3.66px"> </div>in different currencies,<div style="display:inline-block;width:4.43px"> </div>however only USD<div style="display:inline-block;width:3.61px"> </div>LIBOR transition<div style="display:inline-block;width:3.86px"> </div>efforts remain open,<div style="display:inline-block;width:3.63px"> </div>with completion </div><div id="a182304" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:258.2px;">scheduled for 2023.<div style="display:inline-block;width:9.05px"> </div>11 Includes loan commitments<div style="display:inline-block;width:3.86px"> </div>that can be drawn in<div style="display:inline-block;width:3.5px"> </div>different currencies at the<div style="display:inline-block;width:3.65px"> </div>client‘s discretion, of which<div style="display:inline-block;width:3.47px"> </div>approximately USD </div><div id="a182304_149_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:472.59px;top:258.2px;">3</div><div id="a182304_150_60" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:476.846px;top:258.2px;">bn have only USD LIBOR<div style="display:inline-block;width:3.45px"> </div>exposure remaining and approximately </div><div id="a182309" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:268.2px;">USD </div><div id="a182309_4_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:18.314px;top:268.2px;">2</div><div id="a182309_5_207" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:22.57px;top:268.2px;">bn retain a non-USD<div style="display:inline-block;width:3.55px"> </div>LIBOR interest rate,<div style="display:inline-block;width:3.78px"> </div>with transition dependent<div style="display:inline-block;width:4.1px"> </div>upon the actions of other<div style="display:inline-block;width:3.62px"> </div>parties. The remainder<div style="display:inline-block;width:3.64px"> </div>represents loan commitments<div style="display:inline-block;width:4.76px"> </div>that can be drawn in<div style="display:inline-block;width:3.5px"> </div>US dollars only and will transition<div style="display:inline-block;width:4.4px"> </div>on or </div><div id="a182315" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:278.1px;">before 30 June 2023.</div></div></div></div> 9000000000 11000000000 3000000000 <div id="TextBlockContainer1565" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#9A3D37;line-height:normal;width:685px;height:287px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a182033" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:455.097px;top:0px;">LIBOR benchmark rates </div><div id="a182039" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:326.364px;top:13.7px;">31.12.22</div><div id="a182040" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:359.977px;top:14.4px;">1</div><div id="a182043" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.764px;top:13.7px;">31.12.21 </div><div id="a182046" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:236.004px;top:27.5px;">Measure </div><div id="a182049" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:356.657px;top:27.5px;">USD </div><div id="a182052" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:422.43px;top:27.5px;">USD </div><div id="a182054" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:482.99px;top:27.5px;">CHF </div><div id="a182056" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:542.604px;top:27.5px;">GBP </div><div id="a182058" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:600.364px;top:27.5px;">EUR</div><div id="a182059" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:615.497px;top:28.1px;">2 </div><div id="a182061" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:665.657px;top:27.5px;">JPY </div><div id="a182063" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:42.1px;">Carrying value of non<div style="display:inline-block;width:1.39px"> </div>-derivative financial instruments </div><div id="a182076" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:57.3px;">Total non-derivative financial assets<div style="display:inline-block;width:4.16px"> </div></div><div id="a182080" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:236.004px;top:57.3px;">USD m </div><div id="a182083_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:342.95px;top:57.3px;">14,269</div><div id="a182085" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:369.43px;top:57.9px;">3 </div><div id="a182088_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:409.19px;top:57.3px;">65,234</div><div id="a182090" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:435.204px;top:57.9px;">3 </div><div id="a182092_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:469.284px;top:57.3px;">21,616</div><div id="a182094" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:495.324px;top:57.9px;">4 </div><div id="a182096_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:545.924px;top:57.3px;">45</div><div id="a182098" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:555.404px;top:57.9px;">5 </div><div id="a182100_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:613.604px;top:57.3px;">1</div><div id="a182103_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.697px;top:57.3px;">0</div><div id="a182106" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:71.5px;">Total non-derivative financial liabilities<div style="display:inline-block;width:3.86px"> </div></div><div id="a182110" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:236.004px;top:71.5px;">USD m </div><div id="a182113_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:347.684px;top:71.5px;">1,138</div><div id="a182115" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:369.43px;top:72.1px;">5 </div><div id="a182118_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:413.91px;top:71.5px;">1,985</div><div id="a182120" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:435.204px;top:72.1px;">5 </div><div id="a182122_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:485.83px;top:71.5px;">27</div><div id="a182124" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:495.324px;top:72.1px;">5 </div><div id="a182126_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:550.684px;top:71.5px;">3</div><div id="a182128" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:555.404px;top:72.1px;">5 </div><div id="a182130_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:610.777px;top:71.5px;">5</div><div id="a182132" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:615.497px;top:72.1px;">6 </div><div id="a182134_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.697px;top:71.5px;">0</div><div id="a182147" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:97.5px;">Trade count<div style="display:inline-block;width:3.97px"> </div>of derivative financial instruments </div><div id="a182158" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:112.1px;">Total derivative financial instruments </div><div id="a182160" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:236.004px;top:112.1px;">Trade count </div><div id="a182163_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:342.95px;top:112.1px;">32,006</div><div id="a182165" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:369.43px;top:112.8px;">7 </div><div id="a182168_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:404.457px;top:112.1px;">40,500</div><div id="a182170" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:430.47px;top:112.8px;">7,8</div><div id="a182172_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.097px;top:112.1px;">829</div><div id="a182174" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:495.324px;top:112.8px;">9 </div><div id="a182176_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:541.19px;top:112.1px;">183</div><div id="a182178" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:555.404px;top:112.8px;">9 </div><div id="a182180_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:594.19px;top:112.1px;">3,744</div><div id="a182182" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:615.497px;top:112.8px;">9 </div><div id="a182184_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:661.404px;top:112.1px;">184</div><div id="a182186" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:675.59px;top:112.8px;">9 </div><div id="a182198" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:138.2px;">Off-balance sheet exposures </div><div id="a182211" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.181px;top:152.3px;">Total irrevocable loan commitments </div><div id="a182213" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:236.004px;top:152.3px;">USD m </div><div id="a182216_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.844px;top:152.3px;">4,606</div><div id="a182218" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:366.59px;top:153px;">10 </div><div id="a182221_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:406.35px;top:152.3px;">11,863</div><div id="a182223" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:432.364px;top:153px;">11 </div><div id="a182225_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:493.39px;top:152.3px;">0</div><div id="a182228_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:553.524px;top:152.3px;">0</div><div id="a182231_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:613.604px;top:152.3px;">0</div><div id="a182234_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.697px;top:152.3px;">0</div><div id="a182237" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:166.9px;">1 As of 31 December<div style="display:inline-block;width:3.38px"> </div>2022, non-USD<div style="display:inline-block;width:4.02px"> </div>balances and trade<div style="display:inline-block;width:3.81px"> </div>counts are minimal.<div style="display:inline-block;width:10.66px"> </div>2 Relates primarily<div style="display:inline-block;width:3.79px"> </div>to EUR LIBOR<div style="display:inline-block;width:3.77px"> </div>positions.<div style="display:inline-block;width:9.91px"> </div>3 Includes USD </div><div id="a182237_138_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:453.644px;top:166.9px;">1</div><div id="a182237_139_26" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:458.373px;top:166.9px;">bn (31 December 2021:<div style="display:inline-block;width:3.9px"> </div>USD </div><div id="a182237_165_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:551.63px;top:166.9px;">1</div><div id="a182237_166_40" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:555.886px;top:166.9px;">bn) of loans<div style="display:inline-block;width:3.47px"> </div>related to revolving<div style="display:inline-block;width:4.07px"> </div>multi-</div><div id="a182255" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:176.9px;">currency credit lines, where IBOR transition efforts are complete,<div style="display:inline-block;width:3.96px"> </div>except for USD LIBOR. Balances as of 31 December 2021<div style="display:inline-block;width:3.57px"> </div>also include USD </div><div id="a182255_138_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:439.451px;top:176.9px;">37</div><div id="a182255_140_46" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:447.963px;top:176.9px;">bn USD LIBOR securities-based lending and USD </div><div id="a182255_186_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:600.309px;top:176.9px;">5</div><div id="a182255_187_23" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:604.565px;top:176.9px;">bn brokerage accounts, </div><div id="a182261" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:187.3px;">which for the most part transitioned<div style="display:inline-block;width:4.25px"> </div>to SOFR in January<div style="display:inline-block;width:3.56px"> </div>2022. The remaining<div style="display:inline-block;width:3.85px"> </div>balances as of 31<div style="display:inline-block;width:3.52px"> </div>December 2022 and 31<div style="display:inline-block;width:3.4px"> </div>December 2021<div style="display:inline-block;width:3.46px"> </div>primarily relate to<div style="display:inline-block;width:3.62px"> </div>US mortgages and corporate<div style="display:inline-block;width:3.88px"> </div>lending.<div style="display:inline-block;width:9.14px"> </div>4 Relates primarily </div><div id="a182266" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:197.2px;">to CHF LIBOR<div style="display:inline-block;width:3.45px"> </div>mortgages, which<div style="display:inline-block;width:4.26px"> </div>have automatically<div style="display:inline-block;width:3.93px"> </div>transitioned to SARON<div style="display:inline-block;width:4.07px"> </div>on their first<div style="display:inline-block;width:3.46px"> </div>roll date in<div style="display:inline-block;width:3.62px"> </div>2022.<div style="display:inline-block;width:9.99px"> </div>5 Relates to<div style="display:inline-block;width:3.55px"> </div>floating-rate<div style="display:inline-block;width:3.5px"> </div>notes that per<div style="display:inline-block;width:3.47px"> </div>their contractual<div style="display:inline-block;width:3.47px"> </div>terms can<div style="display:inline-block;width:3.47px"> </div>reset to rates<div style="display:inline-block;width:3.63px"> </div>linked to<div style="display:inline-block;width:3.62px"> </div>LIBOR, with </div><div id="a182271" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:207.1px;">transition dependent<div style="display:inline-block;width:3.62px"> </div>upon the actions<div style="display:inline-block;width:4.1px"> </div>of respective issuers.<div style="display:inline-block;width:10.87px"> </div>6 Relates to<div style="display:inline-block;width:3.45px"> </div>contracts that<div style="display:inline-block;width:3.47px"> </div>transitioned in<div style="display:inline-block;width:3.93px"> </div>January 2022.<div style="display:inline-block;width:10.56px"> </div>7 Includes approximately </div><div id="a182271_150_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:470.669px;top:207.1px;">2,000</div><div id="a182271_155_20" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:489.585px;top:207.1px;"><div style="display:inline-block;width:2.36px"> </div>(31 December 2021: </div><div id="a182271_175_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:559.634px;top:207.1px;">1,000</div><div id="a182271_180_33" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:578.55px;top:207.1px;">) contracts having a<div style="display:inline-block;width:3.63px"> </div>contractual </div><div id="a182279" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:217.5px;">maturity after 30 June 2023, with the<div style="display:inline-block;width:3.46px"> </div>last USD LIBOR fixing occurring<div style="display:inline-block;width:3.84px"> </div>before 30 June 2023. No further contractual<div style="display:inline-block;width:4.21px"> </div>fixing is required for these contracts.<div style="display:inline-block;width:10.89px"> </div>8 Includes approximately </div><div id="a182279_182_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:567.163px;top:217.5px;">5,000</div><div id="a182279_187_32" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:586.079px;top:217.5px;"><div style="display:inline-block;width:1.89px"> </div>cross-currency derivatives,<div style="display:inline-block;width:4.19px"> </div>of </div><div id="a182287" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:227.5px;">which approximately </div><div id="a182287_20_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:69.86px;top:227.5px;">500</div><div id="a182287_23_183" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:82.629px;top:227.5px;"><div style="display:inline-block;width:2.36px"> </div>have both a non-USD LIBOR<div style="display:inline-block;width:3.71px"> </div>leg and a USD LIBOR<div style="display:inline-block;width:3.63px"> </div>leg, where the<div style="display:inline-block;width:3.38px"> </div>non-USD leg transitioned in<div style="display:inline-block;width:3.65px"> </div>January 2022 before<div style="display:inline-block;width:3.63px"> </div>the next fixing date.<div style="display:inline-block;width:3.65px"> </div>The remainder represents<div style="display:inline-block;width:3.79px"> </div>cross-currency swaps<div style="display:inline-block;width:3.98px"> </div>with </div><div id="a182295" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:237.9px;">an ARR leg and a USD IBOR leg.<div style="display:inline-block;width:6.8px"> </div>9 Includes predominantly bilateral<div style="display:inline-block;width:3.7px"> </div>derivatives, which transitioned<div style="display:inline-block;width:3.6px"> </div>in January 2022, and an insignificant amount of cleared<div style="display:inline-block;width:3.54px"> </div>derivatives, where the respective clearing<div style="display:inline-block;width:3.46px"> </div>houses’ organized </div><div id="a182299" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:247.8px;">transition happened in<div style="display:inline-block;width:3.79px"> </div>January 2022.<div style="display:inline-block;width:9.62px"> </div>10 Includes approximately<div style="display:inline-block;width:4.29px"> </div>USD </div><div id="a182299_70_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:230.741px;top:247.8px;">3</div><div id="a182299_71_137" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:234.997px;top:247.8px;">bn of loan commitments<div style="display:inline-block;width:4.23px"> </div>that can be drawn<div style="display:inline-block;width:3.66px"> </div>in different currencies,<div style="display:inline-block;width:4.43px"> </div>however only USD<div style="display:inline-block;width:3.61px"> </div>LIBOR transition<div style="display:inline-block;width:3.86px"> </div>efforts remain open,<div style="display:inline-block;width:3.63px"> </div>with completion </div><div id="a182304" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:258.2px;">scheduled for 2023.<div style="display:inline-block;width:9.05px"> </div>11 Includes loan commitments<div style="display:inline-block;width:3.86px"> </div>that can be drawn in<div style="display:inline-block;width:3.5px"> </div>different currencies at the<div style="display:inline-block;width:3.65px"> </div>client‘s discretion, of which<div style="display:inline-block;width:3.47px"> </div>approximately USD </div><div id="a182304_149_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:472.59px;top:258.2px;">3</div><div id="a182304_150_60" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:476.846px;top:258.2px;">bn have only USD LIBOR<div style="display:inline-block;width:3.45px"> </div>exposure remaining and approximately </div><div id="a182309" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:268.2px;">USD </div><div id="a182309_4_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:18.314px;top:268.2px;">2</div><div id="a182309_5_207" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:22.57px;top:268.2px;">bn retain a non-USD<div style="display:inline-block;width:3.55px"> </div>LIBOR interest rate,<div style="display:inline-block;width:3.78px"> </div>with transition dependent<div style="display:inline-block;width:4.1px"> </div>upon the actions of other<div style="display:inline-block;width:3.62px"> </div>parties. The remainder<div style="display:inline-block;width:3.64px"> </div>represents loan commitments<div style="display:inline-block;width:4.76px"> </div>that can be drawn in<div style="display:inline-block;width:3.5px"> </div>US dollars only and will transition<div style="display:inline-block;width:4.4px"> </div>on or </div><div id="a182315" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.181px;top:278.1px;">before 30 June 2023.</div></div> 14269000000 65234000000 21616000000 45000000 1000000 0 1138000000 1985000000 27000000 3000000 5000000 0 32006 40500 829 183 3744 184 4606000000 11863000000 0 0 0 0 1000000000 1000000000 37000000000 5000000000 2000 1000 5000 500 3000000000 3000000000 2000000000 <div id="TextBlockContainer1568" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:888px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a182350" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 25 Hedge accounting </div><div id="a182356" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#E60000;left:4.905px;top:34.5px;">Derivatives designated in<div style="display:inline-block;width:5.04px"> </div>hedge accounting relationships </div><div id="a182361" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:57.6px;">UBS AG<div style="display:inline-block;width:5.24px"> </div>applies hedge<div style="display:inline-block;width:5.21px"> </div>accounting to<div style="display:inline-block;width:5.23px"> </div>interest rate risk and<div style="display:inline-block;width:5.8px"> </div>foreign exchange<div style="display:inline-block;width:5.47px"> </div>risk, including<div style="display:inline-block;width:5.7px"> </div>structural foreign<div style="display:inline-block;width:5.28px"> </div>exchange </div><div id="a182362" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:73.2px;">risk related to net investments in foreign<div style="display:inline-block;width:5.54px"> </div>operations.<div style="display:inline-block;width:4.52px"> </div></div><div id="a182364" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:84.9px;">›</div><div id="a182365" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:85.1px;"> </div><div id="a182366" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:89.7px;">Refer to “Market risk”<div style="display:inline-block;width:1.38px"> </div>in the “Risk<div style="display:inline-block;width:1.65px"> </div>management and<div style="display:inline-block;width:1.21px"> </div>control” section of<div style="display:inline-block;width:1.55px"> </div>this report for<div style="display:inline-block;width:1.58px"> </div>more information about<div style="display:inline-block;width:1.15px"> </div>how risks arise </div><div id="a182373" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:104.4px;">and how they are managed<div style="display:inline-block;width:0.63px"> </div>by UBS AG </div><div id="a182375" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:125.2px;">Hedging instruments and<div style="display:inline-block;width:5.24px"> </div>hedged risk </div><div id="a182377" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:140.4px;">Interest rate swaps are designated in<div style="display:inline-block;width:2.28px"> </div>fair value hedges<div style="display:inline-block;width:2.24px"> </div>or cash flow<div style="display:inline-block;width:2.25px"> </div>hedges of interest rate<div style="display:inline-block;width:1.83px"> </div>risk arising solely from changes </div><div id="a182379" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:155.5px;">in benchmark<div style="display:inline-block;width:5.98px"> </div>interest rates.<div style="display:inline-block;width:6.03px"> </div>Fair value<div style="display:inline-block;width:5.69px"> </div>changes<div style="display:inline-block;width:5.18px"> </div>arising<div style="display:inline-block;width:5.01px"> </div>from such<div style="display:inline-block;width:6.03px"> </div>risk are<div style="display:inline-block;width:5.66px"> </div>usually the<div style="display:inline-block;width:5.87px"> </div>largest component<div style="display:inline-block;width:6.12px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>overall </div><div id="a182383" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:171.1px;">change in the fair value of the hedged<div style="display:inline-block;width:5.45px"> </div>position in transaction currency.<div style="display:inline-block;width:6.36px"> </div></div><div id="a182385" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:193.8px;">Cross-currency<div style="display:inline-block;width:5.82px"> </div>swaps<div style="display:inline-block;width:6.08px"> </div>are<div style="display:inline-block;width:5.76px"> </div>designated<div style="display:inline-block;width:6.28px"> </div>as<div style="display:inline-block;width:5.72px"> </div>fair<div style="display:inline-block;width:5.74px"> </div>value<div style="display:inline-block;width:5.57px"> </div>hedges<div style="display:inline-block;width:6.33px"> </div>of<div style="display:inline-block;width:5.72px"> </div>foreign<div style="display:inline-block;width:6.11px"> </div>exchange<div style="display:inline-block;width:5.88px"> </div>risk.<div style="display:inline-block;width:6.04px"> </div>Foreign<div style="display:inline-block;width:6.06px"> </div>exchange<div style="display:inline-block;width:5.88px"> </div>forwards<div style="display:inline-block;width:6.01px"> </div>and </div><div id="a182389" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:209px;">foreign exchange<div style="display:inline-block;width:5.47px"> </div>swaps are<div style="display:inline-block;width:5.32px"> </div>mainly designated<div style="display:inline-block;width:5.07px"> </div>as hedges of<div style="display:inline-block;width:5.22px"> </div>structural foreign<div style="display:inline-block;width:5.09px"> </div>exchange risk<div style="display:inline-block;width:5.3px"> </div>related to net<div style="display:inline-block;width:5.54px"> </div>investments </div><div id="a182393" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:224.6px;">in foreign operations.<div style="display:inline-block;width:5.08px"> </div>In both cases the hedged risk arises solely from<div style="display:inline-block;width:5.03px"> </div>changes in the spot<div style="display:inline-block;width:5.16px"> </div>foreign exchange rate.<div style="display:inline-block;width:4.52px"> </div></div><div id="a182398" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:247.3px;">The notional of the designated hedging instruments matches the notional of the hedged items, except when the<div style="display:inline-block;width:2.17px"> </div>interest </div><div id="a182399" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:262.4px;">rate swaps are re-designated in<div style="display:inline-block;width:5.08px"> </div>cash flow hedges,<div style="display:inline-block;width:5.32px"> </div>in which case the hedge<div style="display:inline-block;width:5.13px"> </div>ratio designated is determined based<div style="display:inline-block;width:5.03px"> </div>on the </div><div id="a182403" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:277.5px;">swap sensitivity. </div><div id="a182405" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:300.7px;">Hedged items and hedge<div style="display:inline-block;width:5.03px"> </div>designation<div style="display:inline-block;width:4.13px"> </div></div><div id="a182407" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#E60000;left:4.905px;top:323.2px;">Fair value hedges of interest rate risk<div style="display:inline-block;width:5.14px"> </div>related to debt instruments and<div style="display:inline-block;width:5.38px"> </div>loan assets </div><div id="a182412" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:338.6px;">Fair<div style="display:inline-block;width:5.21px"> </div>value<div style="display:inline-block;width:5.1px"> </div>hedges<div style="display:inline-block;width:5.86px"> </div>of<div style="display:inline-block;width:5.25px"> </div>interest<div style="display:inline-block;width:5.6px"> </div>rate<div style="display:inline-block;width:5.37px"> </div>risk<div style="display:inline-block;width:5.47px"> </div>related<div style="display:inline-block;width:5.71px"> </div>to<div style="display:inline-block;width:5.25px"> </div>debt<div style="display:inline-block;width:5.45px"> </div>instruments<div style="display:inline-block;width:5.66px"> </div>and<div style="display:inline-block;width:5.61px"> </div>loan<div style="display:inline-block;width:5.5px"> </div>assets<div style="display:inline-block;width:5.67px"> </div>involve swapping<div style="display:inline-block;width:7.37px"> </div>fixed<div style="display:inline-block;width:5.42px"> </div>cash<div style="display:inline-block;width:5.25px"> </div>flows </div><div id="a182413" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:353.7px;">associated with<div style="display:inline-block;width:5.4px"> </div>the debt<div style="display:inline-block;width:5.61px"> </div>issued, funding<div style="display:inline-block;width:6.09px"> </div>from UBS<div style="display:inline-block;width:5.17px"> </div>Group<div style="display:inline-block;width:5.32px"> </div>AG, debt<div style="display:inline-block;width:5.24px"> </div>securities held<div style="display:inline-block;width:6.13px"> </div>and long<div style="display:inline-block;width:1.8px"> </div>-term fixed-rate mortgage </div><div id="a182418" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:368.9px;">loans in Swiss francs to floating<div style="display:inline-block;width:5.26px"> </div>cash flows by entering into<div style="display:inline-block;width:5.16px"> </div>interest rate swaps that either receive<div style="display:inline-block;width:5.48px"> </div>fixed and pay floating </div><div id="a182420" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:384.5px;">cash flows or that pay fixed and<div style="display:inline-block;width:5.12px"> </div>receive floating cash flows.<div style="display:inline-block;width:5.18px"> </div></div><div id="a182422" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:407.2px;">Designations<div style="display:inline-block;width:5.43px"> </div>have been<div style="display:inline-block;width:6.18px"> </div>made in<div style="display:inline-block;width:5.45px"> </div>US dollars,<div style="display:inline-block;width:5.66px"> </div>euro,<div style="display:inline-block;width:5.32px"> </div>Swiss francs,<div style="display:inline-block;width:5.72px"> </div>Australian dollars,<div style="display:inline-block;width:6.07px"> </div>yen, pounds<div style="display:inline-block;width:6.32px"> </div>sterling and<div style="display:inline-block;width:6.12px"> </div>Singapore </div><div id="a182424" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:422.3px;">dollars. For new<div style="display:inline-block;width:5.76px"> </div>hedging instruments<div style="display:inline-block;width:5.25px"> </div>and hedged<div style="display:inline-block;width:5.76px"> </div>risk designations entered<div style="display:inline-block;width:5.81px"> </div>into starting from<div style="display:inline-block;width:5.56px"> </div>2021 in<div style="display:inline-block;width:5.27px"> </div>these currencies </div><div id="a182431" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:437.9px;">(with<div style="display:inline-block;width:6.3px"> </div>the<div style="display:inline-block;width:6.2px"> </div>exception<div style="display:inline-block;width:6.57px"> </div>of<div style="display:inline-block;width:6.2px"> </div>euro),<div style="display:inline-block;width:6.85px"> </div>the<div style="display:inline-block;width:6.2px"> </div>benchmark<div style="display:inline-block;width:6.72px"> </div>rate<div style="display:inline-block;width:6.31px"> </div>was<div style="display:inline-block;width:6.77px"> </div>the<div style="display:inline-block;width:6.2px"> </div>relevant<div style="display:inline-block;width:6.45px"> </div>alternative<div style="display:inline-block;width:6.66px"> </div>reference<div style="display:inline-block;width:6.64px"> </div>rate<div style="display:inline-block;width:6.31px"> </div>(ARR).<div style="display:inline-block;width:7.02px"> </div>Following<div style="display:inline-block;width:6.55px"> </div>the </div><div id="a182433" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:453.1px;">interbank offered rate (IBOR) transition for swaps with<div style="display:inline-block;width:2.26px"> </div>LCH (formerly the London Clearing House) in December 2021, the </div><div id="a182434" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:468.7px;">benchmark<div style="display:inline-block;width:5.3px"> </div>hedge<div style="display:inline-block;width:5.81px"> </div>rate<div style="display:inline-block;width:5.37px"> </div>for<div style="display:inline-block;width:5.57px"> </div>Swiss<div style="display:inline-block;width:5.3px"> </div>franc,<div style="display:inline-block;width:5.95px"> </div>yen<div style="display:inline-block;width:5.36px"> </div>and<div style="display:inline-block;width:5.61px"> </div>pound<div style="display:inline-block;width:6.21px"> </div>sterling<div style="display:inline-block;width:5.21px"> </div>designations<div style="display:inline-block;width:5.95px"> </div>was<div style="display:inline-block;width:5.36px"> </div>changed<div style="display:inline-block;width:5.81px"> </div>from<div style="display:inline-block;width:5.18px"> </div>an<div style="display:inline-block;width:5.4px"> </div>IBOR<div style="display:inline-block;width:5.4px"> </div>rate<div style="display:inline-block;width:5.37px"> </div>to<div style="display:inline-block;width:5.72px"> </div>the </div><div id="a182438" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:483.8px;">relevant<div style="display:inline-block;width:5.5px"> </div>ARR<div style="display:inline-block;width:6.23px"> </div>with<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.25px"> </div>hedge<div style="display:inline-block;width:5.9px"> </div>relationship<div style="display:inline-block;width:6.15px"> </div>continuing<div style="display:inline-block;width:5.85px"> </div>in<div style="display:inline-block;width:5.3px"> </div>accordance<div style="display:inline-block;width:5.76px"> </div>with </div><div id="a182440" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:434.085px;top:483.6px;">Interest<div style="display:inline-block;width:5.36px"> </div>Rate<div style="display:inline-block;width:5.72px"> </div>Benchmark<div style="display:inline-block;width:5.77px"> </div>Reform<div style="display:inline-block;width:5.74px"> </div>–<div style="display:inline-block;width:5.67px"> </div>Phase<div style="display:inline-block;width:5.45px"> </div>2 </div><div id="a182444" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:498.7px;">(Amendments to IFRS 9, IAS<div style="display:inline-block;width:5.05px"> </div>39, IFRS 7, IFRS 4<div style="display:inline-block;width:5.08px"> </div>and IFRS 16)</div><div id="a182455" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:340.392px;top:498.9px;">. </div><div id="a182457" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#E60000;left:4.905px;top:521.9px;">Cash flow hedges of<div style="display:inline-block;width:5.05px"> </div>forecast transactions </div><div id="a182459" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:537.3px;">UBS<div style="display:inline-block;width:5.08px"> </div>AG hedges<div style="display:inline-block;width:5.54px"> </div>forecast cash<div style="display:inline-block;width:5.66px"> </div>flows on<div style="display:inline-block;width:5.81px"> </div>non-trading<div style="display:inline-block;width:5.07px"> </div>financial assets<div style="display:inline-block;width:5.6px"> </div>and<div style="display:inline-block;width:5.13px"> </div>liabilities that<div style="display:inline-block;width:5.15px"> </div>bear interest<div style="display:inline-block;width:5.75px"> </div>at variable<div style="display:inline-block;width:5.74px"> </div>rates or </div><div id="a182464" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:552.4px;">are expected<div style="display:inline-block;width:5.24px"> </div>to be<div style="display:inline-block;width:5.08px"> </div>refinanced or<div style="display:inline-block;width:5.59px"> </div>reinvested in<div style="display:inline-block;width:5.48px"> </div>the future,<div style="display:inline-block;width:5.64px"> </div>due to<div style="display:inline-block;width:5.29px"> </div>movements in<div style="display:inline-block;width:5.2px"> </div>future market<div style="display:inline-block;width:5.5px"> </div>rates. The<div style="display:inline-block;width:5.36px"> </div>amounts and </div><div id="a182465" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:568px;">timing of future cash flows,<div style="display:inline-block;width:2.21px"> </div>representing both principal and interest flows,<div style="display:inline-block;width:2.22px"> </div>are projected on the basis of<div style="display:inline-block;width:2.3px"> </div>contractual terms </div><div id="a182467" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:583.2px;">and<div style="display:inline-block;width:6.55px"> </div>other<div style="display:inline-block;width:6.25px"> </div>relevant<div style="display:inline-block;width:5.98px"> </div>factors,<div style="display:inline-block;width:5.84px"> </div>including<div style="display:inline-block;width:7.12px"> </div>estimates<div style="display:inline-block;width:5.68px"> </div>of<div style="display:inline-block;width:6.2px"> </div>prepayments<div style="display:inline-block;width:6.38px"> </div>and<div style="display:inline-block;width:6.55px"> </div>defaults.<div style="display:inline-block;width:6.29px"> </div>The<div style="display:inline-block;width:6.35px"> </div>aggregate<div style="display:inline-block;width:6.69px"> </div>principal<div style="display:inline-block;width:6.09px"> </div>balances<div style="display:inline-block;width:6.29px"> </div>and </div><div id="a182468" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:598.3px;">interest cash<div style="display:inline-block;width:5.28px"> </div>flows across<div style="display:inline-block;width:5.12px"> </div>all portfolios over<div style="display:inline-block;width:5.24px"> </div>time form the<div style="display:inline-block;width:5.26px"> </div>basis for identifying<div style="display:inline-block;width:5.96px"> </div>the non-trading<div style="display:inline-block;width:5.38px"> </div>interest rate risk<div style="display:inline-block;width:5.32px"> </div>of UBS </div><div id="a182472" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:613.9px;">AG, which is hedged<div style="display:inline-block;width:5.2px"> </div>with interest rate swaps,<div style="display:inline-block;width:5.22px"> </div>the maximum maturity of which<div style="display:inline-block;width:5.11px"> </div>is 15 years. Cash<div style="display:inline-block;width:5.12px"> </div>flow forecasts and<div style="display:inline-block;width:5.27px"> </div>risk </div><div id="a182473" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:629.1px;">exposures are monitored and adjusted on an ongoing basis, and consequently additional hedging instruments are traded </div><div id="a182475" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:644.7px;">and<div style="display:inline-block;width:6.08px"> </div>designated,<div style="display:inline-block;width:5.91px"> </div>or<div style="display:inline-block;width:5.25px"> </div>are<div style="display:inline-block;width:5.76px"> </div>terminated<div style="display:inline-block;width:5.36px"> </div>resulting<div style="display:inline-block;width:6.53px"> </div>in<div style="display:inline-block;width:5.77px"> </div>a<div style="display:inline-block;width:5.2px"> </div>hedge<div style="display:inline-block;width:5.81px"> </div>discontinuance.<div style="display:inline-block;width:6.28px"> </div>Hedge<div style="display:inline-block;width:5.29px"> </div>designations<div style="display:inline-block;width:5.95px"> </div>have<div style="display:inline-block;width:5.67px"> </div>been<div style="display:inline-block;width:5.61px"> </div>made<div style="display:inline-block;width:5.72px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the </div><div id="a182476" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:659.8px;">following<div style="display:inline-block;width:5.18px"> </div>currencies:<div style="display:inline-block;width:5.18px"> </div>US dollars,<div style="display:inline-block;width:6.13px"> </div>euro,<div style="display:inline-block;width:5.8px"> </div>Swiss francs,<div style="display:inline-block;width:6.2px"> </div>pounds<div style="display:inline-block;width:5.79px"> </div>sterling and<div style="display:inline-block;width:6.12px"> </div>Hong<div style="display:inline-block;width:5.49px"> </div>Kong dollars.<div style="display:inline-block;width:6.06px"> </div>The cash<div style="display:inline-block;width:6.03px"> </div>flow<div style="display:inline-block;width:5.25px"> </div>hedges<div style="display:inline-block;width:5.38px"> </div>in </div><div id="a182477" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:675.4px;">Swiss francs,<div style="display:inline-block;width:4.37px"> </div>pounds sterling and<div style="display:inline-block;width:5.42px"> </div>certain cash flow hedges<div style="display:inline-block;width:5.38px"> </div>in US dollars were<div style="display:inline-block;width:5.26px"> </div>discontinued and<div style="display:inline-block;width:5.46px"> </div>replaced with new ARR </div><div id="a182486" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:690.6px;">designations in December 2021.<div style="display:inline-block;width:5.82px"> </div>In addition, the transition of floating<div style="display:inline-block;width:5.6px"> </div>rate hedged items in USD<div style="display:inline-block;width:5.22px"> </div>to ARR rates in January </div><div id="a182489" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:705.7px;">2022<div style="display:inline-block;width:5.1px"> </div>resulted in<div style="display:inline-block;width:6.2px"> </div>the update<div style="display:inline-block;width:5.81px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>hedged<div style="display:inline-block;width:5.15px"> </div>risk to<div style="display:inline-block;width:5.62px"> </div>ARR in<div style="display:inline-block;width:5.49px"> </div>the affected<div style="display:inline-block;width:5.61px"> </div>hedge<div style="display:inline-block;width:5.34px"> </div>relationships<div style="display:inline-block;width:5.73px"> </div>without discontinuation<div style="display:inline-block;width:6.25px"> </div>of </div><div id="a182494" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:721.3px;">hedge accounting in accordance with </div><div id="a182497" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:220.205px;top:721.1px;">Interest Rate Benchmark Reform – Phase 2 (Amendments to IFRS 9, IAS 39, IFRS 7, </div><div id="a182507" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:736.2px;">IFRS 4 and IFRS 16)</div><div id="a182512" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:113.738px;top:736.4px;">. </div><div id="a182514" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#E60000;left:4.905px;top:759.4px;">Fair value hedges of foreign exchange<div style="display:inline-block;width:5.31px"> </div>risk related to issued debt<div style="display:inline-block;width:5.11px"> </div>instruments </div><div id="a182517" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:774.8px;">Debt instruments denominated in currencies other<div style="display:inline-block;width:5.17px"> </div>than the US dollar are designated in fair value hedges<div style="display:inline-block;width:5.19px"> </div>of spot foreign </div><div id="a182518" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:789.9px;">exchange<div style="display:inline-block;width:6.82px"> </div>risk,<div style="display:inline-block;width:6.52px"> </div>in<div style="display:inline-block;width:6.72px"> </div>addition<div style="display:inline-block;width:7.07px"> </div>to<div style="display:inline-block;width:6.67px"> </div>and<div style="display:inline-block;width:7.03px"> </div>separate<div style="display:inline-block;width:6.57px"> </div>from<div style="display:inline-block;width:7.08px"> </div>the<div style="display:inline-block;width:6.67px"> </div>fair<div style="display:inline-block;width:6.68px"> </div>value<div style="display:inline-block;width:6.99px"> </div>hedges<div style="display:inline-block;width:7.28px"> </div>of<div style="display:inline-block;width:6.67px"> </div>interest<div style="display:inline-block;width:7.02px"> </div>rate<div style="display:inline-block;width:6.79px"> </div>risk.<div style="display:inline-block;width:6.52px"> </div>Cross-currency<div style="display:inline-block;width:8.06px"> </div>swaps </div><div id="a182522" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:805px;">economically convert debt denominated<div style="display:inline-block;width:5.12px"> </div>in currencies other than the<div style="display:inline-block;width:5.04px"> </div>US dollar to US dollars.<div style="display:inline-block;width:5.12px"> </div></div><div id="a182524" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#E60000;left:4.905px;top:828px;">Hedges of net investments in foreign<div style="display:inline-block;width:5.04px"> </div>operations </div><div id="a182526" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:843.4px;">UBS AG applies hedge accounting for certain net investments in foreign operations, which include subsidiaries, branches </div><div id="a182528" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:858.5px;">and associates.<div style="display:inline-block;width:5.23px"> </div>Upon<div style="display:inline-block;width:5.02px"> </div>maturity of<div style="display:inline-block;width:5.11px"> </div>hedging<div style="display:inline-block;width:5.16px"> </div>instruments, typically<div style="display:inline-block;width:5.47px"> </div>two months,<div style="display:inline-block;width:5.44px"> </div>the hedge<div style="display:inline-block;width:5.96px"> </div>relationship is<div style="display:inline-block;width:5.26px"> </div>terminated and </div><div id="a182529" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:874.1px;">new designations are<div style="display:inline-block;width:5.13px"> </div>made to reflect any changes in the<div style="display:inline-block;width:5.05px"> </div>net investments in foreign operations.</div></div><div id="TextBlockContainer1570" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:373px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a182572" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Economic relationship between<div style="display:inline-block;width:5.37px"> </div>hedged item and hedging instrument </div><div id="a182577" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.6px;">The economic relationship<div style="display:inline-block;width:6.51px"> </div>between the<div style="display:inline-block;width:5.24px"> </div>hedged<div style="display:inline-block;width:5.07px"> </div>item and the<div style="display:inline-block;width:5.45px"> </div>hedging instrument<div style="display:inline-block;width:5.21px"> </div>is determined<div style="display:inline-block;width:5.29px"> </div>based on<div style="display:inline-block;width:5.69px"> </div>a qualitative </div><div id="a182579" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.8px;">analysis of their critical terms. In cases where hedge<div style="display:inline-block;width:5.62px"> </div>designation takes place after origination of the hedging instrument, </div><div id="a182581" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:46.4px;">a quantitative<div style="display:inline-block;width:5.99px"> </div>analysis<div style="display:inline-block;width:5.09px"> </div>of the<div style="display:inline-block;width:5.98px"> </div>possible<div style="display:inline-block;width:5.26px"> </div>behavior of<div style="display:inline-block;width:5.98px"> </div>the hedging<div style="display:inline-block;width:6.74px"> </div>derivative and<div style="display:inline-block;width:5.94px"> </div>the hedged<div style="display:inline-block;width:6.64px"> </div>item during<div style="display:inline-block;width:5.92px"> </div>their respective </div><div id="a182585" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61.5px;">terms is also performed. </div><div id="a182587" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:84.2px;">Sources of hedge<div style="display:inline-block;width:5.05px"> </div>ineffectiveness<div style="display:inline-block;width:3.99px"> </div></div><div id="a182591" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.3px;">In<div style="display:inline-block;width:5.3px"> </div>hedges<div style="display:inline-block;width:5.89px"> </div>of<div style="display:inline-block;width:5.25px"> </div>interest<div style="display:inline-block;width:5.13px"> </div>rate<div style="display:inline-block;width:5.37px"> </div>risk,<div style="display:inline-block;width:5.57px"> </div>hedge<div style="display:inline-block;width:5.81px"> </div>ineffectiveness<div style="display:inline-block;width:5.82px"> </div>can<div style="display:inline-block;width:5.2px"> </div>arise<div style="display:inline-block;width:5.47px"> </div>from<div style="display:inline-block;width:5.66px"> </div>mismatches<div style="display:inline-block;width:5.68px"> </div>of<div style="display:inline-block;width:5.72px"> </div>critical<div style="display:inline-block;width:5.12px"> </div>terms<div style="display:inline-block;width:5.26px"> </div>and<div style="display:inline-block;width:5.61px"> </div>/<div style="display:inline-block;width:5.31px"> </div>or<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>use<div style="display:inline-block;width:5.45px"> </div>of </div><div id="a182593" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:115px;">different curves<div style="display:inline-block;width:5.16px"> </div>to discount the hedged<div style="display:inline-block;width:5.4px"> </div>item and instrument,<div style="display:inline-block;width:5.2px"> </div>or from entering<div style="display:inline-block;width:5.16px"> </div>into a hedge<div style="display:inline-block;width:5.22px"> </div>relationship after the trade </div><div id="a182596" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:130.1px;">date of the hedging derivative.<div style="display:inline-block;width:5.24px"> </div></div><div id="a182599" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:153.3px;">In hedges<div style="display:inline-block;width:5.11px"> </div>of foreign exchange<div style="display:inline-block;width:5.15px"> </div>risk related to<div style="display:inline-block;width:5.28px"> </div>debt issued, hedge<div style="display:inline-block;width:5.35px"> </div>ineffectiveness can arise due<div style="display:inline-block;width:5.85px"> </div>to the discounting<div style="display:inline-block;width:5.26px"> </div>of the </div><div id="a182600" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:168.4px;">hedging instruments and undesignated risk components<div style="display:inline-block;width:2.22px"> </div>and lack of<div style="display:inline-block;width:2.25px"> </div>such discounting and risk<div style="display:inline-block;width:1.93px"> </div>components in the<div style="display:inline-block;width:2.33px"> </div>hedged </div><div id="a182601" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183.6px;">items.<div style="display:inline-block;width:4.03px"> </div></div><div id="a182603" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:206.3px;">In hedges of net investments in foreign operations,<div style="display:inline-block;width:5.24px"> </div>ineffectiveness is unlikely unless the hedged net assets fall below the </div><div id="a182606" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:221.4px;">designated hedged<div style="display:inline-block;width:5.77px"> </div>amount. The exceptions<div style="display:inline-block;width:5.54px"> </div>are hedges<div style="display:inline-block;width:5.1px"> </div>where the hedging<div style="display:inline-block;width:5.81px"> </div>currency is not<div style="display:inline-block;width:5.34px"> </div>the same as<div style="display:inline-block;width:5.4px"> </div>the currency of </div><div id="a182607" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:237px;">the foreign operation,<div style="display:inline-block;width:5.04px"> </div>where the currency basis may cause ineffectiveness. </div><div id="a182610" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:259.7px;">Hedge ineffectiveness from financial instruments<div style="display:inline-block;width:5.55px"> </div>measured at fair value through<div style="display:inline-block;width:5.81px"> </div>profit or loss is recognized in </div><div id="a182611" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:630.472px;top:259.5px;">Other net </div><div id="a182612" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:274.6px;">income.</div><div id="a182613" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:49.862px;top:274.9px;"><div style="display:inline-block;width:3.78px"> </div></div><div id="a182615" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:297.6px;">Derivatives not designated in hedge<div style="display:inline-block;width:5.64px"> </div>accounting relationships<div style="display:inline-block;width:4.39px"> </div></div><div id="a182620" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:312.7px;">Non-hedge<div style="display:inline-block;width:6.25px"> </div>accounted<div style="display:inline-block;width:5.45px"> </div>derivatives are<div style="display:inline-block;width:7.09px"> </div>mandatorily<div style="display:inline-block;width:5.88px"> </div>held<div style="display:inline-block;width:5.5px"> </div>for<div style="display:inline-block;width:5.57px"> </div>trading<div style="display:inline-block;width:5.4px"> </div>with<div style="display:inline-block;width:5.25px"> </div>all<div style="display:inline-block;width:5.47px"> </div>fair<div style="display:inline-block;width:5.74px"> </div>value<div style="display:inline-block;width:5.57px"> </div>movements<div style="display:inline-block;width:5.47px"> </div>taken<div style="display:inline-block;width:5.72px"> </div>to </div><div id="a182624" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:629.045px;top:312.5px;">Other<div style="display:inline-block;width:5.47px"> </div>net </div><div id="a182625" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:328.1px;">income from financial instruments<div style="display:inline-block;width:5.4px"> </div>measured at fair value<div style="display:inline-block;width:5.47px"> </div>through profit or loss</div><div id="a182626" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:454.925px;top:328.3px;">, even when<div style="display:inline-block;width:5.54px"> </div>held as an economic hedge </div><div id="a182629" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:343.5px;">or to<div style="display:inline-block;width:5.88px"> </div>facilitate client<div style="display:inline-block;width:5.39px"> </div>clearing.<div style="display:inline-block;width:5.24px"> </div>The one<div style="display:inline-block;width:6.39px"> </div>exception relates<div style="display:inline-block;width:5.6px"> </div>to forward<div style="display:inline-block;width:6.12px"> </div>points<div style="display:inline-block;width:5.13px"> </div>on certain<div style="display:inline-block;width:5.77px"> </div>short-<div style="display:inline-block;width:4.94px"> </div>and long<div style="display:inline-block;width:1.52px"> </div>-duration foreign </div><div id="a182637" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:359.1px;">exchange contracts acting as economic hedges,<div style="display:inline-block;width:5.74px"> </div>which are reported in </div><div id="a182638" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:405.232px;top:358.8px;">Net interest income.</div></div><div id="TextBlockContainer1574" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:676px;height:430px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1572_XBRL_TS_3182b2c1a15a457e8a2f98f1dc1552f8" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1573" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:676px;height:430px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a182642" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">All hedges: designated<div style="display:inline-block;width:4.17px"> </div>hedging instruments and hedge ineffectiveness </div><div id="a182647" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:449.915px;top:15.3px;">As of or for the year ended </div><div id="a182651" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:481.595px;top:30.9px;">31.12.22 </div><div id="a182653" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:94.3px;">USD m </div><div id="a182656" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:82.5px;">Notional </div><div id="a182657" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:345.342px;top:94.3px;">amount </div><div id="a182659" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:395.502px;top:53.6px;">Carrying amount </div><div id="a182661" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:497.715px;top:59.3px;">Changes in<div style="display:inline-block;width:2.78px"> </div></div><div id="a182663" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:495.342px;top:70.7px;">fair value of </div><div id="a182664" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.582px;top:82.5px;">hedging </div><div id="a182665" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:492.955px;top:94.3px;">instruments</div><div id="a182666" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:535.542px;top:95px;">1</div><div id="a182668" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:552.595px;top:59.3px;">Changes in </div><div id="a182669" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:550.235px;top:70.7px;">fair value of </div><div id="a182670" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:565.835px;top:82.5px;">hedged </div><div id="a182671" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:571.035px;top:94.3px;">items</div><div id="a182672" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:590.435px;top:95px;">1</div><div id="a182674" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:644.848px;top:59.3px;">Hedge </div><div id="a182675" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:615.528px;top:70.7px;">ineffectiveness </div><div id="a182676" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:605.595px;top:82.5px;">recognized in the </div><div id="a182677" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:603.702px;top:94.3px;">income statement </div><div id="a182679" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:387.422px;top:70.7px;">Derivative </div><div id="a182680" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:392.662px;top:82.5px;">financial </div><div id="a182681" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:401.168px;top:94.3px;">assets </div><div id="a182683" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:437.115px;top:70.7px;">Derivative </div><div id="a182684" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:442.342px;top:82.5px;">financial </div><div id="a182685" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:440.902px;top:94.3px;">liabilities </div><div id="a182687" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:108.1px;">Interest rate risk </div><div id="a182696" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:124.6px;">Fair value hedges </div><div id="a182699_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:346.755px;top:124.6px;">92,415</div><div id="a182702_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:418.675px;top:124.6px;">0</div><div id="a182705_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:468.355px;top:124.6px;">0</div><div id="a182708_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:511.902px;top:124.6px;display:flex;">(5,195)</div><div id="a182711_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:571.515px;top:124.6px;">5,169</div><div id="a182714_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:654.342px;top:124.6px;display:flex;">(27)</div><div id="a182717" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:140.7px;">Cash flow hedges </div><div id="a182720_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:346.755px;top:140.7px;">75,304</div><div id="a182723_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:418.675px;top:140.7px;">2</div><div id="a182726_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:468.355px;top:140.7px;">5</div><div id="a182729_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:511.902px;top:140.7px;display:flex;">(5,813)</div><div id="a182732_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:571.515px;top:140.7px;">5,760</div><div id="a182735_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:654.342px;top:140.7px;display:flex;">(53)</div><div id="a182738" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:156.8px;">Foreign exchange risk </div><div id="a182747" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:172.9px;">Fair value hedges</div><div id="a182748" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:66.607px;top:173.5px;">2</div><div id="a182751_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:346.755px;top:172.9px;">20,566</div><div id="a182754_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:408.742px;top:172.9px;">845</div><div id="a182757_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:468.355px;top:172.9px;">3</div><div id="a182760_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:511.902px;top:172.9px;display:flex;">(1,088)</div><div id="a182763_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:571.515px;top:172.9px;">1,105</div><div id="a182766_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:659.062px;top:172.9px;">18</div><div id="a182769" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:189.4px;">Hedges of net investments in foreign operations </div><div id="a182772_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:346.755px;top:189.4px;">13,844</div><div id="a182775_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:418.675px;top:189.4px;">7</div><div id="a182778_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:458.422px;top:189.4px;">528</div><div id="a182781_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:523.715px;top:189.4px;">318</div><div id="a182784_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:573.875px;top:189.4px;display:flex;">(319)</div><div id="a182787_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:659.062px;top:189.4px;display:flex;">(1)</div><div id="a182800" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:449.915px;top:227.3px;">As of or for the year ended </div><div id="a182804" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:242.9px;">31.12.21 </div><div id="a182806" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:301.1px;">USD m </div><div id="a182809" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:342.502px;top:289.2px;">Notional </div><div id="a182810" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.342px;top:301.1px;">amount </div><div id="a182812" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:395.968px;top:265.1px;">Carrying amount </div><div id="a182814" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:498.182px;top:266.1px;">Changes in<div style="display:inline-block;width:2.79px"> </div></div><div id="a182816" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:495.822px;top:277.4px;">fair value of </div><div id="a182817" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:508.582px;top:289.2px;">hedging </div><div id="a182818" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:492.955px;top:301.1px;">instruments</div><div id="a182819" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:535.075px;top:301.7px;">1</div><div id="a182821" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.075px;top:266.1px;">Changes in </div><div id="a182822" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.702px;top:277.4px;">fair value of </div><div id="a182823" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:565.835px;top:289.2px;">hedged </div><div id="a182824" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.035px;top:301.1px;">items</div><div id="a182825" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:589.955px;top:301.7px;">1</div><div id="a182827" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.848px;top:266.1px;">Hedge </div><div id="a182828" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.995px;top:277.4px;">ineffectiveness </div><div id="a182829" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.595px;top:289.2px;">recognized in the </div><div id="a182830" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:603.702px;top:301.1px;">income statement </div><div id="a182832" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.902px;top:277.4px;">Derivative </div><div id="a182833" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:393.128px;top:289.2px;">financial </div><div id="a182834" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.168px;top:301.1px;">assets </div><div id="a182836" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:437.582px;top:277.4px;">Derivative </div><div id="a182837" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:442.822px;top:289.2px;">financial </div><div id="a182838" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:441.368px;top:301.1px;">liabilities </div><div id="a182840" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:314.8px;">Interest rate risk </div><div id="a182849" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:331.4px;">Fair value hedges </div><div id="a182852_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:346.755px;top:331.4px;">89,525</div><div id="a182855_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.675px;top:331.4px;">0</div><div id="a182858_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.355px;top:331.4px;">7</div><div id="a182861_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.422px;top:331.4px;display:flex;">(1,604)</div><div id="a182864_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:331.4px;">1,602</div><div id="a182867_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.595px;top:331.4px;display:flex;">(2)</div><div id="a182870" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:347.9px;">Cash flow hedges </div><div id="a182873_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:346.755px;top:347.9px;">79,573</div><div id="a182876_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.942px;top:347.9px;">12</div><div id="a182879_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.355px;top:347.9px;">1</div><div id="a182882_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.422px;top:347.9px;display:flex;">(1,185)</div><div id="a182885_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.608px;top:347.9px;">990</div><div id="a182888_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.102px;top:347.9px;display:flex;">(196)</div><div id="a182891" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:363.5px;">Foreign exchange risk </div><div id="a182900" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:379.6px;">Fair value hedges</div><div id="a182901" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:66.607px;top:380.2px;">2</div><div id="a182904_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:346.755px;top:379.6px;">27,875</div><div id="a182907_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.942px;top:379.6px;">87</div><div id="a182910_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:458.422px;top:379.6px;">261</div><div id="a182913_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.422px;top:379.6px;display:flex;">(2,139)</div><div id="a182916_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:379.6px;">2,181</div><div id="a182919_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.062px;top:379.6px;">42</div><div id="a182922" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:396.2px;">Hedges of net investments in foreign operations </div><div id="a182925_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:346.755px;top:396.2px;">13,761</div><div id="a182928_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.942px;top:396.2px;">23</div><div id="a182931_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:458.422px;top:396.2px;">103</div><div id="a182934_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.715px;top:396.2px;">492</div><div id="a182937_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.875px;top:396.2px;display:flex;">(491)</div><div id="a182940_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:396.2px;">0</div><div id="a182943" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:411.2px;">1 Amounts<div style="display:inline-block;width:3.46px"> </div>used as<div style="display:inline-block;width:3.67px"> </div>the basis for<div style="display:inline-block;width:4.1px"> </div>recognizing hedge<div style="display:inline-block;width:3.94px"> </div>ineffectiveness<div style="display:inline-block;width:3.62px"> </div>for the<div style="display:inline-block;width:3.63px"> </div>period.<div style="display:inline-block;width:10.56px"> </div>2 The<div style="display:inline-block;width:3.8px"> </div>foreign currency<div style="display:inline-block;width:4.42px"> </div>basis spread<div style="display:inline-block;width:3.95px"> </div>of cross-currency<div style="display:inline-block;width:4.17px"> </div>swaps designated<div style="display:inline-block;width:4.11px"> </div>as hedging<div style="display:inline-block;width:3.95px"> </div>derivatives is<div style="display:inline-block;width:3.6px"> </div>excluded from<div style="display:inline-block;width:4.09px"> </div>the hedge </div><div id="a182947" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:421.6px;">accounting designation and accounted<div style="display:inline-block;width:3.96px"> </div>for as a cost of hedging with<div style="display:inline-block;width:3.64px"> </div>amounts deferred in Other<div style="display:inline-block;width:3.59px"> </div>comprehensive income<div style="display:inline-block;width:3.43px"> </div>within Equity.</div></div></div></div><div id="TextBlockContainer1578" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:270px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1576_XBRL_TS_6d62f4211f7148d09012970300b2e9d5" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1577" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:270px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a182991" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Fair value hedges: designated<div style="display:inline-block;width:4.23px"> </div>hedged items<div style="display:inline-block;width:2.88px"> </div></div><div id="a182999" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:15.8px;">USD m </div><div id="a183002" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:474.035px;top:15.8px;">31.12.22 </div><div id="a183005" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.755px;top:15.8px;">31.12.21 </div><div id="a183010" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:445.662px;top:29.5px;">Interest rate </div><div id="a183011" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:476.875px;top:41.3px;">risk </div><div id="a183013" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.608px;top:41.3px;">FX risk </div><div id="a183016" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:574.355px;top:29.5px;">Interest rate </div><div id="a183017" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.595px;top:41.3px;">risk </div><div id="a183019" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:654.808px;top:41.3px;">FX risk </div><div id="a183021" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:56px;">Debt issued measured at amortized<div style="display:inline-block;width:3.82px"> </div>cost </div><div id="a183029" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:72.5px;">Carrying amount of designated debt issued </div><div id="a183032_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:463.155px;top:72.5px;">11,279</div><div id="a183035_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.982px;top:72.5px;">5,737</div><div id="a183039_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.848px;top:72.5px;">21,653</div><div id="a183042" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:650.048px;top:74px;">11,392</div><div id="a183044" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:88.6px;"><div style="display:inline-block;width:2.37px"> </div>of which: accumulated amount of fair value hedge<div style="display:inline-block;width:3.85px"> </div>adjustment </div><div id="a183049_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:463.155px;top:88.6px;display:flex;">(1,002)</div><div id="a183054_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.702px;top:88.6px;">261</div><div id="a183058" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:104.3px;">Funding from UBS Group AG </div><div id="a183066" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:120.8px;">Carrying amount of designated debt instruments </div><div id="a183069_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:463.155px;top:120.8px;">57,250</div><div id="a183072_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:523.248px;top:120.8px;">14,828</div><div id="a183076_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.848px;top:120.8px;">53,047</div><div id="a183079" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:650.048px;top:122.2px;">16,483</div><div id="a183081" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:136.9px;"><div style="display:inline-block;width:2.37px"> </div>of which: accumulated amount of fair value hedge<div style="display:inline-block;width:3.73px"> </div>adjustment </div><div id="a183085_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:463.155px;top:136.9px;display:flex;">(5,055)</div><div id="a183090_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.702px;top:136.9px;">218</div><div id="a183094" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:152.5px;">Other financial assets measured at<div style="display:inline-block;width:3.94px"> </div>amortized cost – debt securities </div><div id="a183106" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:169.1px;">Carrying amount of designated debt securities </div><div id="a183109_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:467.888px;top:169.1px;">4,577</div><div id="a183114_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.582px;top:169.1px;">2,677</div><div id="a183118" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:185.6px;"><div style="display:inline-block;width:2.37px"> </div>of which: accumulated amount of fair value hedge<div style="display:inline-block;width:3.73px"> </div>adjustment </div><div id="a183122_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:470.248px;top:185.6px;display:flex;">(180)</div><div id="a183127_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:185.6px;display:flex;">(7)</div><div id="a183131" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:201.2px;">Loans and advances to customers </div><div id="a183139" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:217.3px;">Carrying amount of designated loans </div><div id="a183143_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:463.155px;top:217.3px;">14,270</div><div id="a183148_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.848px;top:217.3px;">13,835</div><div id="a183152" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:233.9px;">of which: accumulated amount of fair value hedge<div style="display:inline-block;width:3.71px"> </div>adjustment </div><div id="a183155_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:463.155px;top:233.9px;display:flex;">(1,249)</div><div id="a183160_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:598.942px;top:233.9px;display:flex;">(109)</div><div id="a183164" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:248.5px;">of which: accumulated amount of fair value hedge<div style="display:inline-block;width:3.71px"> </div>adjustment subject to amortization attributable<div style="display:inline-block;width:3.7px"> </div>to the </div><div id="a183165" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:259.9px;">portion of the portfolio that ceased to be part<div style="display:inline-block;width:3.82px"> </div>of hedge accounting </div><div id="a183169_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:475.448px;top:259.9px;display:flex;">(51)</div><div id="a183174_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.635px;top:259.9px;">3</div></div></div></div><div id="TextBlockContainer1582" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:179px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1580_XBRL_TS_ddfa96322da441c8a09180cf6511bf37" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1581" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:179px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a183180" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Fair value hedges: profile of<div style="display:inline-block;width:4.17px"> </div>the timing of the nominal amount<div style="display:inline-block;width:4.16px"> </div>of the hedging instrument </div><div id="a183183" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:453.222px;top:15.3px;">31.12.22 </div><div id="a183185" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:48px;">USD bn </div><div id="a183187" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:288.555px;top:36.1px;">Due within </div><div id="a183189" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:297.542px;top:48px;">1 month </div><div id="a183191" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:359.995px;top:36.1px;">Due between </div><div id="a183193" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:350.542px;top:48px;">1 and 3 months </div><div id="a183195" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:442.342px;top:36.1px;">Due between </div><div id="a183197" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:428.128px;top:48px;">3 and 12 months </div><div id="a183199" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:512.368px;top:36.1px;">Due between </div><div id="a183201" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:511.422px;top:48px;">1 and 5 years </div><div id="a183204" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:587.115px;top:36.1px;">Due after </div><div id="a183206" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:594.688px;top:48px;">5 years </div><div id="a183208" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:660.488px;top:48px;">Total </div><div id="a183210" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:61.7px;">Interest rate swaps </div><div id="a183212_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:323.555px;top:61.7px;">0</div><div id="a183215_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:403.542px;top:61.7px;">4</div><div id="a183218_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:481.128px;top:61.7px;">10</div><div id="a183221_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:551.182px;top:61.7px;">53</div><div id="a183224_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:611.275px;top:61.7px;">26</div><div id="a183227_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:668.995px;top:61.7px;">92</div><div id="a183230" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:78.2px;">Cross-currency swaps </div><div id="a183234_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:323.555px;top:78.2px;">0</div><div id="a183237_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:403.542px;top:78.2px;">1</div><div id="a183240_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:485.848px;top:78.2px;">2</div><div id="a183243_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:551.182px;top:78.2px;">12</div><div id="a183246_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:615.995px;top:78.2px;">5</div><div id="a183249_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:668.995px;top:78.2px;">21</div><div id="a183260" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:453.222px;top:106.2px;">31.12.21 </div><div id="a183262" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:138.3px;">USD bn </div><div id="a183264" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:289.035px;top:127px;">Due within </div><div id="a183266" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:297.542px;top:138.3px;">1 month </div><div id="a183268" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:359.995px;top:127px;">Due between </div><div id="a183270" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:350.542px;top:138.3px;">1 and 3 months </div><div id="a183272" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:442.342px;top:127px;">Due between </div><div id="a183274" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:428.128px;top:138.3px;">3 and 12 months </div><div id="a183276" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.368px;top:127px;">Due between </div><div id="a183278" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.422px;top:138.3px;">1 and 5 years </div><div id="a183280" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.115px;top:127px;">Due after </div><div id="a183283" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:594.688px;top:138.3px;">5 years </div><div id="a183285" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:138.3px;">Total </div><div id="a183287" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:152.5px;">Interest rate swaps </div><div id="a183289_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:323.555px;top:152.5px;">0</div><div id="a183292_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.542px;top:152.5px;">8</div><div id="a183295_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.128px;top:152.5px;">10</div><div id="a183298_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:551.182px;top:152.5px;">49</div><div id="a183301_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:611.275px;top:152.5px;">22</div><div id="a183304_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:152.5px;">90</div><div id="a183307" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:169.1px;">Cross-currency swaps </div><div id="a183311_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:323.555px;top:169.1px;">1</div><div id="a183314_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.542px;top:169.1px;">1</div><div id="a183317_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.848px;top:169.1px;">6</div><div id="a183320_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:551.182px;top:169.1px;">13</div><div id="a183323_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.995px;top:169.1px;">6</div><div id="a183326_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:169.1px;">28</div></div></div></div><div id="TextBlockContainer1586" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:73px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1584_XBRL_TS_4f5daa6286af48a8a8cc4bf1b6c67b04" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1585" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:73px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a183331" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Cash flow hedge reserve on<div style="display:inline-block;width:4.26px"> </div>a pre-tax basis<div style="display:inline-block;width:3.36px"> </div></div><div id="a183336" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:17.2px;">USD m </div><div id="a183338" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:577.195px;top:15.3px;">31.12.22 </div><div id="a183340" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.315px;top:15.3px;">31.12.21 </div><div id="a183342" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:31.4px;">Amounts related to hedge relationships for which hedge<div style="display:inline-block;width:3.95px"> </div>accounting continues to<div style="display:inline-block;width:3.77px"> </div>be applied </div><div id="a183345_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:584.288px;top:31.4px;display:flex;">(4,692)</div><div id="a183348_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.475px;top:31.4px;">26</div><div id="a183351" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:47.5px;">Amounts related to hedge relationships for which hedge<div style="display:inline-block;width:3.95px"> </div>accounting is no longer applied </div><div id="a183353_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:47.5px;display:flex;">(540)</div><div id="a183356_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:47.5px;">743</div><div id="a183359" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:63.1px;">Total other comprehensive<div style="display:inline-block;width:3.77px"> </div>income recognized directly in equity<div style="display:inline-block;width:3.76px"> </div>related to cash flow hedges, on<div style="display:inline-block;width:3.81px"> </div>a pre-tax basis </div><div id="a183363_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:584.288px;top:63.1px;display:flex;">(5,232)</div><div id="a183366_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:63.1px;">769</div></div></div></div><div id="TextBlockContainer1589" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:84px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a183370" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Foreign currency translation<div style="display:inline-block;width:4.29px"> </div>reserve on a pre<div style="display:inline-block;width:1.47px"> </div>-tax basis </div><div id="a183375" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:17.7px;">USD m </div><div id="a183377" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:577.195px;top:15.8px;">31.12.22 </div><div id="a183379" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.315px;top:15.8px;">31.12.21 </div><div id="a183381" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:31.4px;">Amounts related to hedge relationships for which hedge<div style="display:inline-block;width:3.95px"> </div>accounting continues to be<div style="display:inline-block;width:3.79px"> </div>applied </div><div id="a183383_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:31.4px;">250</div><div id="a183386_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:31.4px;display:flex;">(61)</div><div id="a183389" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:48px;">Amounts related to hedge relationships for which hedge<div style="display:inline-block;width:4.05px"> </div>accounting is no longer applied </div><div id="a183392_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:48px;">266</div><div id="a183395_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:48px;">262</div><div id="a183398" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:62.1px;">Total other comprehensive<div style="display:inline-block;width:3.77px"> </div>income recognized directly in equity<div style="display:inline-block;width:3.76px"> </div>related to hedging instruments designated<div style="display:inline-block;width:3.8px"> </div>as net investment hedges, on<div style="display:inline-block;width:3.76px"> </div>a pre-tax </div><div id="a183402" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:73.5px;">basis </div><div id="a183404_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:73.5px;">515</div><div id="a183407_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:73.5px;">201</div></div><div id="TextBlockContainer1592" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:202px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a183410" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Interest rate benchmark<div style="display:inline-block;width:5.11px"> </div>reform </div><div id="a183415" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23.5px;">UBS AG<div style="display:inline-block;width:5.24px"> </div>continues to<div style="display:inline-block;width:5.28px"> </div>apply the<div style="display:inline-block;width:5.45px"> </div>relief provided<div style="display:inline-block;width:5.62px"> </div>by </div><div id="a183416" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:292.152px;top:23.2px;">Interest Rate<div style="display:inline-block;width:5.04px"> </div>Benchmark Reform</div><div id="a183417" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:477.618px;top:23.5px;"> </div><div id="a183418" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:481.885px;top:23.2px;">(amendments<div style="display:inline-block;width:5.03px"> </div>to IFRS 9,<div style="display:inline-block;width:5.76px"> </div>IAS 39 and </div><div id="a183423" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:38.4px;">IFRS 7)</div><div id="a183426" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:42.769px;top:38.6px;">,<div style="display:inline-block;width:5.31px"> </div>published<div style="display:inline-block;width:5.58px"> </div>by<div style="display:inline-block;width:5.2px"> </div>the<div style="display:inline-block;width:5.25px"> </div>IASB in<div style="display:inline-block;width:6.69px"> </div>September 2019,<div style="display:inline-block;width:6.7px"> </div>mainly to<div style="display:inline-block;width:6.41px"> </div>its hedges<div style="display:inline-block;width:7.17px"> </div>in USD<div style="display:inline-block;width:1.55px"> </div>.<div style="display:inline-block;width:5.31px"> </div>The cessation<div style="display:inline-block;width:6.5px"> </div>date<div style="display:inline-block;width:5.25px"> </div>for<div style="display:inline-block;width:5.1px"> </div>USD<div style="display:inline-block;width:5.51px"> </div>LIBOR<div style="display:inline-block;width:5.2px"> </div>is </div><div id="a183433" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:54.3px;">30 June 2023.</div><div id="a183436" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#FF0000;left:86.312px;top:54.3px;"> </div><div id="a183437" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:77px;">The<div style="display:inline-block;width:5.4px"> </div>following<div style="display:inline-block;width:5.71px"> </div>table<div style="display:inline-block;width:5.15px"> </div>provides<div style="display:inline-block;width:5.64px"> </div>details<div style="display:inline-block;width:5.09px"> </div>on<div style="display:inline-block;width:5.61px"> </div>the notional<div style="display:inline-block;width:6.75px"> </div>amount<div style="display:inline-block;width:5.5px"> </div>and<div style="display:inline-block;width:5.13px"> </div>carrying amount<div style="display:inline-block;width:6.61px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>hedging<div style="display:inline-block;width:5.64px"> </div>instruments<div style="display:inline-block;width:5.19px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the </div><div id="a183440" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:92.1px;">hedge relationships<div style="display:inline-block;width:5.97px"> </div>where the<div style="display:inline-block;width:5.27px"> </div>designated risk is<div style="display:inline-block;width:5.27px"> </div>LIBOR and<div style="display:inline-block;width:5.23px"> </div>maturing after<div style="display:inline-block;width:5.36px"> </div>the cessation<div style="display:inline-block;width:5.4px"> </div>date of the<div style="display:inline-block;width:5.56px"> </div>applicable interest </div><div id="a183441" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.2px;">rate benchmarks.<div style="display:inline-block;width:4.36px"> </div></div><div id="a183443" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:130.4px;">Hedges of net investments in foreign<div style="display:inline-block;width:5.33px"> </div>operations are not affected by the amendments. </div><div id="a183446" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:142.1px;">›</div><div id="a183447" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:142.3px;"> </div><div id="a183448" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:147px;">Refer to Note 1a<div style="display:inline-block;width:1.6px"> </div>item 2j for more<div style="display:inline-block;width:1.57px"> </div>information about<div style="display:inline-block;width:1.25px"> </div>the relief provided by<div style="display:inline-block;width:1.25px"> </div>the amendments<div style="display:inline-block;width:1.53px"> </div>to IFRS 9 and<div style="display:inline-block;width:1.62px"> </div>IFRS 7 related<div style="display:inline-block;width:1.61px"> </div>to </div><div id="a183451" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:161.6px;">interest rate benchmark<div style="display:inline-block;width:1.39px"> </div>reform </div><div id="a183453" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:171.4px;">›</div><div id="a183454" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:171.7px;"> </div><div id="a183455" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:176.3px;">Refer to Note 24<div style="display:inline-block;width:1.57px"> </div>for more information<div style="display:inline-block;width:1.12px"> </div>about the transition<div style="display:inline-block;width:1.52px"> </div>progress </div><div id="a183460" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:186.1px;">›</div><div id="a183461" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:186.3px;"> </div><div id="a183462" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:191px;">Refer to earlier parts<div style="display:inline-block;width:1.08px"> </div>of this Note for the<div style="display:inline-block;width:1.34px"> </div>information about<div style="display:inline-block;width:1.25px"> </div>the transition<div style="display:inline-block;width:1.44px"> </div>progress of fair value<div style="display:inline-block;width:1.18px"> </div>and cash flow hedges</div></div><div id="TextBlockContainer1596" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:692px;height:135px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1594_XBRL_TS_1d600c6798da4096a3b427162c212677" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1595" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:692px;height:135px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a183506" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Hedging instruments referencing<div style="display:inline-block;width:4.33px"> </div>LIBOR </div><div id="a183512" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:394.075px;top:15.8px;">31.12.22 </div><div id="a183515" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.502px;top:15.8px;">31.12.21 </div><div id="a183520" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:410.155px;top:38px;">Carrying amount </div><div id="a183525" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.582px;top:38px;">Carrying amount </div><div id="a183527" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:78.7px;">USD m </div><div id="a183529" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:347.235px;top:66.9px;">Notional </div><div id="a183530" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:350.542px;top:78.7px;">amount </div><div id="a183532" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:402.595px;top:55.1px;">Derivative </div><div id="a183533" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:407.795px;top:66.9px;">financial </div><div id="a183534" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:416.302px;top:78.7px;">assets </div><div id="a183536" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:462.688px;top:55.1px;">Derivative </div><div id="a183537" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:467.888px;top:66.9px;">financial </div><div id="a183538" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:466.462px;top:78.7px;">liabilities </div><div id="a183541" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:534.128px;top:66.9px;">Notional </div><div id="a183542" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.955px;top:78.7px;">amount </div><div id="a183544" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.008px;top:55.1px;">Derivative </div><div id="a183545" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:594.208px;top:66.9px;">financial </div><div id="a183546" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:602.288px;top:78.7px;">assets </div><div id="a183548" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.102px;top:55.1px;">Derivative </div><div id="a183549" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:654.342px;top:66.9px;">financial </div><div id="a183550" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.915px;top:78.7px;">liabilities </div><div id="a183552" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:92.4px;">Interest rate risk </div><div id="a183562" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:109px;">Fair value hedges </div><div id="a183566_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:351.955px;top:109px;">20,383</div><div id="a183569_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:433.808px;top:109px;">0</div><div id="a183572_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:493.888px;top:109px;">0</div><div id="a183576_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:538.382px;top:109px;">23,367</div><div id="a183579_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:619.782px;top:109px;">0</div><div id="a183582_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:679.875px;top:109px;">0</div><div id="a183585" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:125.1px;">Cash flow hedges </div><div id="a183588_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:356.688px;top:125.1px;">2,179</div><div id="a183591_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:433.808px;top:125.1px;">0</div><div id="a183594_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:493.888px;top:125.1px;">0</div><div id="a183598_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:538.382px;top:125.1px;">10,803</div><div id="a183601_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:619.782px;top:125.1px;">0</div><div id="a183604_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:679.875px;top:125.1px;">0</div></div></div></div> <div id="TextBlockContainer1573" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:676px;height:430px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a182642" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">All hedges: designated<div style="display:inline-block;width:4.17px"> </div>hedging instruments and hedge ineffectiveness </div><div id="a182647" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:449.915px;top:15.3px;">As of or for the year ended </div><div id="a182651" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:481.595px;top:30.9px;">31.12.22 </div><div id="a182653" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:94.3px;">USD m </div><div id="a182656" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:342.022px;top:82.5px;">Notional </div><div id="a182657" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:345.342px;top:94.3px;">amount </div><div id="a182659" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:395.502px;top:53.6px;">Carrying amount </div><div id="a182661" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:497.715px;top:59.3px;">Changes in<div style="display:inline-block;width:2.78px"> </div></div><div id="a182663" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:495.342px;top:70.7px;">fair value of </div><div id="a182664" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.582px;top:82.5px;">hedging </div><div id="a182665" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:492.955px;top:94.3px;">instruments</div><div id="a182666" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:535.542px;top:95px;">1</div><div id="a182668" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:552.595px;top:59.3px;">Changes in </div><div id="a182669" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:550.235px;top:70.7px;">fair value of </div><div id="a182670" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:565.835px;top:82.5px;">hedged </div><div id="a182671" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:571.035px;top:94.3px;">items</div><div id="a182672" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:590.435px;top:95px;">1</div><div id="a182674" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:644.848px;top:59.3px;">Hedge </div><div id="a182675" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:615.528px;top:70.7px;">ineffectiveness </div><div id="a182676" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:605.595px;top:82.5px;">recognized in the </div><div id="a182677" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:603.702px;top:94.3px;">income statement </div><div id="a182679" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:387.422px;top:70.7px;">Derivative </div><div id="a182680" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:392.662px;top:82.5px;">financial </div><div id="a182681" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:401.168px;top:94.3px;">assets </div><div id="a182683" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:437.115px;top:70.7px;">Derivative </div><div id="a182684" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:442.342px;top:82.5px;">financial </div><div id="a182685" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:440.902px;top:94.3px;">liabilities </div><div id="a182687" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:108.1px;">Interest rate risk </div><div id="a182696" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:124.6px;">Fair value hedges </div><div id="a182699_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:346.755px;top:124.6px;">92,415</div><div id="a182702_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:418.675px;top:124.6px;">0</div><div id="a182705_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:468.355px;top:124.6px;">0</div><div id="a182708_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:511.902px;top:124.6px;display:flex;">(5,195)</div><div id="a182711_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:571.515px;top:124.6px;">5,169</div><div id="a182714_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:654.342px;top:124.6px;display:flex;">(27)</div><div id="a182717" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:140.7px;">Cash flow hedges </div><div id="a182720_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:346.755px;top:140.7px;">75,304</div><div id="a182723_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:418.675px;top:140.7px;">2</div><div id="a182726_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:468.355px;top:140.7px;">5</div><div id="a182729_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:511.902px;top:140.7px;display:flex;">(5,813)</div><div id="a182732_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:571.515px;top:140.7px;">5,760</div><div id="a182735_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:654.342px;top:140.7px;display:flex;">(53)</div><div id="a182738" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:156.8px;">Foreign exchange risk </div><div id="a182747" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:172.9px;">Fair value hedges</div><div id="a182748" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:66.607px;top:173.5px;">2</div><div id="a182751_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:346.755px;top:172.9px;">20,566</div><div id="a182754_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:408.742px;top:172.9px;">845</div><div id="a182757_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:468.355px;top:172.9px;">3</div><div id="a182760_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:511.902px;top:172.9px;display:flex;">(1,088)</div><div id="a182763_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:571.515px;top:172.9px;">1,105</div><div id="a182766_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:659.062px;top:172.9px;">18</div><div id="a182769" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:189.4px;">Hedges of net investments in foreign operations </div><div id="a182772_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:346.755px;top:189.4px;">13,844</div><div id="a182775_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:418.675px;top:189.4px;">7</div><div id="a182778_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:458.422px;top:189.4px;">528</div><div id="a182781_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:523.715px;top:189.4px;">318</div><div id="a182784_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:573.875px;top:189.4px;display:flex;">(319)</div><div id="a182787_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:659.062px;top:189.4px;display:flex;">(1)</div><div id="a182800" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:449.915px;top:227.3px;">As of or for the year ended </div><div id="a182804" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:242.9px;">31.12.21 </div><div id="a182806" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:301.1px;">USD m </div><div id="a182809" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:342.502px;top:289.2px;">Notional </div><div id="a182810" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.342px;top:301.1px;">amount </div><div id="a182812" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:395.968px;top:265.1px;">Carrying amount </div><div id="a182814" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:498.182px;top:266.1px;">Changes in<div style="display:inline-block;width:2.79px"> </div></div><div id="a182816" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:495.822px;top:277.4px;">fair value of </div><div id="a182817" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:508.582px;top:289.2px;">hedging </div><div id="a182818" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:492.955px;top:301.1px;">instruments</div><div id="a182819" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:535.075px;top:301.7px;">1</div><div id="a182821" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.075px;top:266.1px;">Changes in </div><div id="a182822" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.702px;top:277.4px;">fair value of </div><div id="a182823" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:565.835px;top:289.2px;">hedged </div><div id="a182824" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.035px;top:301.1px;">items</div><div id="a182825" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:589.955px;top:301.7px;">1</div><div id="a182827" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.848px;top:266.1px;">Hedge </div><div id="a182828" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.995px;top:277.4px;">ineffectiveness </div><div id="a182829" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.595px;top:289.2px;">recognized in the </div><div id="a182830" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:603.702px;top:301.1px;">income statement </div><div id="a182832" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:387.902px;top:277.4px;">Derivative </div><div id="a182833" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:393.128px;top:289.2px;">financial </div><div id="a182834" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.168px;top:301.1px;">assets </div><div id="a182836" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:437.582px;top:277.4px;">Derivative </div><div id="a182837" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:442.822px;top:289.2px;">financial </div><div id="a182838" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:441.368px;top:301.1px;">liabilities </div><div id="a182840" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:314.8px;">Interest rate risk </div><div id="a182849" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:331.4px;">Fair value hedges </div><div id="a182852_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:346.755px;top:331.4px;">89,525</div><div id="a182855_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.675px;top:331.4px;">0</div><div id="a182858_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.355px;top:331.4px;">7</div><div id="a182861_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.422px;top:331.4px;display:flex;">(1,604)</div><div id="a182864_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:331.4px;">1,602</div><div id="a182867_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.595px;top:331.4px;display:flex;">(2)</div><div id="a182870" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:347.9px;">Cash flow hedges </div><div id="a182873_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:346.755px;top:347.9px;">79,573</div><div id="a182876_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.942px;top:347.9px;">12</div><div id="a182879_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.355px;top:347.9px;">1</div><div id="a182882_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.422px;top:347.9px;display:flex;">(1,185)</div><div id="a182885_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.608px;top:347.9px;">990</div><div id="a182888_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.102px;top:347.9px;display:flex;">(196)</div><div id="a182891" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:363.5px;">Foreign exchange risk </div><div id="a182900" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:379.6px;">Fair value hedges</div><div id="a182901" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:66.607px;top:380.2px;">2</div><div id="a182904_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:346.755px;top:379.6px;">27,875</div><div id="a182907_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.942px;top:379.6px;">87</div><div id="a182910_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:458.422px;top:379.6px;">261</div><div id="a182913_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.422px;top:379.6px;display:flex;">(2,139)</div><div id="a182916_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:379.6px;">2,181</div><div id="a182919_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.062px;top:379.6px;">42</div><div id="a182922" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:396.2px;">Hedges of net investments in foreign operations </div><div id="a182925_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:346.755px;top:396.2px;">13,761</div><div id="a182928_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.942px;top:396.2px;">23</div><div id="a182931_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:458.422px;top:396.2px;">103</div><div id="a182934_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.715px;top:396.2px;">492</div><div id="a182937_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.875px;top:396.2px;display:flex;">(491)</div><div id="a182940_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:396.2px;">0</div><div id="a182943" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:411.2px;">1 Amounts<div style="display:inline-block;width:3.46px"> </div>used as<div style="display:inline-block;width:3.67px"> </div>the basis for<div style="display:inline-block;width:4.1px"> </div>recognizing hedge<div style="display:inline-block;width:3.94px"> </div>ineffectiveness<div style="display:inline-block;width:3.62px"> </div>for the<div style="display:inline-block;width:3.63px"> </div>period.<div style="display:inline-block;width:10.56px"> </div>2 The<div style="display:inline-block;width:3.8px"> </div>foreign currency<div style="display:inline-block;width:4.42px"> </div>basis spread<div style="display:inline-block;width:3.95px"> </div>of cross-currency<div style="display:inline-block;width:4.17px"> </div>swaps designated<div style="display:inline-block;width:4.11px"> </div>as hedging<div style="display:inline-block;width:3.95px"> </div>derivatives is<div style="display:inline-block;width:3.6px"> </div>excluded from<div style="display:inline-block;width:4.09px"> </div>the hedge </div><div id="a182947" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:421.6px;">accounting designation and accounted<div style="display:inline-block;width:3.96px"> </div>for as a cost of hedging with<div style="display:inline-block;width:3.64px"> </div>amounts deferred in Other<div style="display:inline-block;width:3.59px"> </div>comprehensive income<div style="display:inline-block;width:3.43px"> </div>within Equity.</div></div> 92415000000 0 0 -5195000000 5169000000 -27000000 75304000000 2000000 5000000 -5813000000 5760000000 -53000000 20566000000 845000000 3000000 -1088000000 1105000000 18000000 13844000000 7000000 528000000 318000000 -319000000 -1000000 89525000000 0 7000000 -1604000000 1602000000 -2000000 79573000000 12000000 1000000 -1185000000 990000000 -196000000 27875000000 87000000 261000000 -2139000000 2181000000 42000000 13761000000 23000000 103000000 492000000 -491000000 0 <div id="TextBlockContainer1577" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:270px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a182991" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Fair value hedges: designated<div style="display:inline-block;width:4.23px"> </div>hedged items<div style="display:inline-block;width:2.88px"> </div></div><div id="a182999" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:15.8px;">USD m </div><div id="a183002" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:474.035px;top:15.8px;">31.12.22 </div><div id="a183005" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:584.755px;top:15.8px;">31.12.21 </div><div id="a183010" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:445.662px;top:29.5px;">Interest rate </div><div id="a183011" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:476.875px;top:41.3px;">risk </div><div id="a183013" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.608px;top:41.3px;">FX risk </div><div id="a183016" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:574.355px;top:29.5px;">Interest rate </div><div id="a183017" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:605.595px;top:41.3px;">risk </div><div id="a183019" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:654.808px;top:41.3px;">FX risk </div><div id="a183021" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:56px;">Debt issued measured at amortized<div style="display:inline-block;width:3.82px"> </div>cost </div><div id="a183029" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:72.5px;">Carrying amount of designated debt issued </div><div id="a183032_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:463.155px;top:72.5px;">11,279</div><div id="a183035_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:527.982px;top:72.5px;">5,737</div><div id="a183039_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.848px;top:72.5px;">21,653</div><div id="a183042" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:650.048px;top:74px;">11,392</div><div id="a183044" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:88.6px;"><div style="display:inline-block;width:2.37px"> </div>of which: accumulated amount of fair value hedge<div style="display:inline-block;width:3.85px"> </div>adjustment </div><div id="a183049_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:463.155px;top:88.6px;display:flex;">(1,002)</div><div id="a183054_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.702px;top:88.6px;">261</div><div id="a183058" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:104.3px;">Funding from UBS Group AG </div><div id="a183066" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:120.8px;">Carrying amount of designated debt instruments </div><div id="a183069_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:463.155px;top:120.8px;">57,250</div><div id="a183072_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:523.248px;top:120.8px;">14,828</div><div id="a183076_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.848px;top:120.8px;">53,047</div><div id="a183079" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:650.048px;top:122.2px;">16,483</div><div id="a183081" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:136.9px;"><div style="display:inline-block;width:2.37px"> </div>of which: accumulated amount of fair value hedge<div style="display:inline-block;width:3.73px"> </div>adjustment </div><div id="a183085_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:463.155px;top:136.9px;display:flex;">(5,055)</div><div id="a183090_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.702px;top:136.9px;">218</div><div id="a183094" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:152.5px;">Other financial assets measured at<div style="display:inline-block;width:3.94px"> </div>amortized cost – debt securities </div><div id="a183106" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:169.1px;">Carrying amount of designated debt securities </div><div id="a183109_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:467.888px;top:169.1px;">4,577</div><div id="a183114_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.582px;top:169.1px;">2,677</div><div id="a183118" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:185.6px;"><div style="display:inline-block;width:2.37px"> </div>of which: accumulated amount of fair value hedge<div style="display:inline-block;width:3.73px"> </div>adjustment </div><div id="a183122_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:470.248px;top:185.6px;display:flex;">(180)</div><div id="a183127_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.435px;top:185.6px;display:flex;">(7)</div><div id="a183131" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:201.2px;">Loans and advances to customers </div><div id="a183139" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:217.3px;">Carrying amount of designated loans </div><div id="a183143_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:463.155px;top:217.3px;">14,270</div><div id="a183148_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:591.848px;top:217.3px;">13,835</div><div id="a183152" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:233.9px;">of which: accumulated amount of fair value hedge<div style="display:inline-block;width:3.71px"> </div>adjustment </div><div id="a183155_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:463.155px;top:233.9px;display:flex;">(1,249)</div><div id="a183160_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:598.942px;top:233.9px;display:flex;">(109)</div><div id="a183164" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:248.5px;">of which: accumulated amount of fair value hedge<div style="display:inline-block;width:3.71px"> </div>adjustment subject to amortization attributable<div style="display:inline-block;width:3.7px"> </div>to the </div><div id="a183165" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:259.9px;">portion of the portfolio that ceased to be part<div style="display:inline-block;width:3.82px"> </div>of hedge accounting </div><div id="a183169_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:475.448px;top:259.9px;display:flex;">(51)</div><div id="a183174_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.635px;top:259.9px;">3</div></div> 11279000000 5737000000 21653000000 11392000000 -1002000000 261000000 57250000000 14828000000 53047000000 16483000000 -5055000000 218000000 4577000000 2677000000 -180000000 -7000000 14270000000 13835000000 -1249000000 -109000000 -51000000 3000000 <div id="TextBlockContainer1581" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:179px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a183180" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Fair value hedges: profile of<div style="display:inline-block;width:4.17px"> </div>the timing of the nominal amount<div style="display:inline-block;width:4.16px"> </div>of the hedging instrument </div><div id="a183183" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:453.222px;top:15.3px;">31.12.22 </div><div id="a183185" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:48px;">USD bn </div><div id="a183187" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:288.555px;top:36.1px;">Due within </div><div id="a183189" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:297.542px;top:48px;">1 month </div><div id="a183191" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:359.995px;top:36.1px;">Due between </div><div id="a183193" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:350.542px;top:48px;">1 and 3 months </div><div id="a183195" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:442.342px;top:36.1px;">Due between </div><div id="a183197" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:428.128px;top:48px;">3 and 12 months </div><div id="a183199" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:512.368px;top:36.1px;">Due between </div><div id="a183201" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:511.422px;top:48px;">1 and 5 years </div><div id="a183204" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:587.115px;top:36.1px;">Due after </div><div id="a183206" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:594.688px;top:48px;">5 years </div><div id="a183208" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:660.488px;top:48px;">Total </div><div id="a183210" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:61.7px;">Interest rate swaps </div><div id="a183212_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:323.555px;top:61.7px;">0</div><div id="a183215_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:403.542px;top:61.7px;">4</div><div id="a183218_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:481.128px;top:61.7px;">10</div><div id="a183221_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:551.182px;top:61.7px;">53</div><div id="a183224_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:611.275px;top:61.7px;">26</div><div id="a183227_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:668.995px;top:61.7px;">92</div><div id="a183230" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:78.2px;">Cross-currency swaps </div><div id="a183234_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:323.555px;top:78.2px;">0</div><div id="a183237_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:403.542px;top:78.2px;">1</div><div id="a183240_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:485.848px;top:78.2px;">2</div><div id="a183243_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:551.182px;top:78.2px;">12</div><div id="a183246_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:615.995px;top:78.2px;">5</div><div id="a183249_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:668.995px;top:78.2px;">21</div><div id="a183260" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:453.222px;top:106.2px;">31.12.21 </div><div id="a183262" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:138.3px;">USD bn </div><div id="a183264" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:289.035px;top:127px;">Due within </div><div id="a183266" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:297.542px;top:138.3px;">1 month </div><div id="a183268" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:359.995px;top:127px;">Due between </div><div id="a183270" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:350.542px;top:138.3px;">1 and 3 months </div><div id="a183272" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:442.342px;top:127px;">Due between </div><div id="a183274" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:428.128px;top:138.3px;">3 and 12 months </div><div id="a183276" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.368px;top:127px;">Due between </div><div id="a183278" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.422px;top:138.3px;">1 and 5 years </div><div id="a183280" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:587.115px;top:127px;">Due after </div><div id="a183283" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:594.688px;top:138.3px;">5 years </div><div id="a183285" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:138.3px;">Total </div><div id="a183287" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:152.5px;">Interest rate swaps </div><div id="a183289_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:323.555px;top:152.5px;">0</div><div id="a183292_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.542px;top:152.5px;">8</div><div id="a183295_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.128px;top:152.5px;">10</div><div id="a183298_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:551.182px;top:152.5px;">49</div><div id="a183301_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:611.275px;top:152.5px;">22</div><div id="a183304_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:152.5px;">90</div><div id="a183307" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:169.1px;">Cross-currency swaps </div><div id="a183311_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:323.555px;top:169.1px;">1</div><div id="a183314_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:403.542px;top:169.1px;">1</div><div id="a183317_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.848px;top:169.1px;">6</div><div id="a183320_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:551.182px;top:169.1px;">13</div><div id="a183323_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:615.995px;top:169.1px;">6</div><div id="a183326_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:169.1px;">28</div></div> 0 4000000000 10000000000 53000000000 26000000000 92000000000 0 1000000000 2000000000 12000000000 5000000000 21000000000 0 8000000000 10000000000 49000000000 22000000000 90000000000 1000000000 1000000000 6000000000 13000000000 6000000000 28000000000 <div id="TextBlockContainer1585" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:73px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a183331" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Cash flow hedge reserve on<div style="display:inline-block;width:4.26px"> </div>a pre-tax basis<div style="display:inline-block;width:3.36px"> </div></div><div id="a183336" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:17.2px;">USD m </div><div id="a183338" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:577.195px;top:15.3px;">31.12.22 </div><div id="a183340" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.315px;top:15.3px;">31.12.21 </div><div id="a183342" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:31.4px;">Amounts related to hedge relationships for which hedge<div style="display:inline-block;width:3.95px"> </div>accounting continues to<div style="display:inline-block;width:3.77px"> </div>be applied </div><div id="a183345_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:584.288px;top:31.4px;display:flex;">(4,692)</div><div id="a183348_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.475px;top:31.4px;">26</div><div id="a183351" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:47.5px;">Amounts related to hedge relationships for which hedge<div style="display:inline-block;width:3.95px"> </div>accounting is no longer applied </div><div id="a183353_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:47.5px;display:flex;">(540)</div><div id="a183356_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:47.5px;">743</div><div id="a183359" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:63.1px;">Total other comprehensive<div style="display:inline-block;width:3.77px"> </div>income recognized directly in equity<div style="display:inline-block;width:3.76px"> </div>related to cash flow hedges, on<div style="display:inline-block;width:3.81px"> </div>a pre-tax basis </div><div id="a183363_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:584.288px;top:63.1px;display:flex;">(5,232)</div><div id="a183366_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:63.1px;">769</div></div> -4692000000 26000000 -540000000 743000000 -5232000000 769000000 <div id="TextBlockContainer1590" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:84px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1588_XBRL_TS_2a555d192ac84664ab6bd96c99effcc4" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1589" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:84px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a183370" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Foreign currency translation<div style="display:inline-block;width:4.29px"> </div>reserve on a pre<div style="display:inline-block;width:1.47px"> </div>-tax basis </div><div id="a183375" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:17.7px;">USD m </div><div id="a183377" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:577.195px;top:15.8px;">31.12.22 </div><div id="a183379" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.315px;top:15.8px;">31.12.21 </div><div id="a183381" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:31.4px;">Amounts related to hedge relationships for which hedge<div style="display:inline-block;width:3.95px"> </div>accounting continues to be<div style="display:inline-block;width:3.79px"> </div>applied </div><div id="a183383_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:31.4px;">250</div><div id="a183386_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:31.4px;display:flex;">(61)</div><div id="a183389" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:48px;">Amounts related to hedge relationships for which hedge<div style="display:inline-block;width:4.05px"> </div>accounting is no longer applied </div><div id="a183392_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:48px;">266</div><div id="a183395_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:48px;">262</div><div id="a183398" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:62.1px;">Total other comprehensive<div style="display:inline-block;width:3.77px"> </div>income recognized directly in equity<div style="display:inline-block;width:3.76px"> </div>related to hedging instruments designated<div style="display:inline-block;width:3.8px"> </div>as net investment hedges, on<div style="display:inline-block;width:3.76px"> </div>a pre-tax </div><div id="a183402" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:73.5px;">basis </div><div id="a183404_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:73.5px;">515</div><div id="a183407_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:73.5px;">201</div></div></div></div> 250000000 -61000000 266000000 262000000 515000000 201000000 <div id="TextBlockContainer1595" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:692px;height:135px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a183506" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Hedging instruments referencing<div style="display:inline-block;width:4.33px"> </div>LIBOR </div><div id="a183512" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:394.075px;top:15.8px;">31.12.22 </div><div id="a183515" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:580.502px;top:15.8px;">31.12.21 </div><div id="a183520" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:410.155px;top:38px;">Carrying amount </div><div id="a183525" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.582px;top:38px;">Carrying amount </div><div id="a183527" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:78.7px;">USD m </div><div id="a183529" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:347.235px;top:66.9px;">Notional </div><div id="a183530" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:350.542px;top:78.7px;">amount </div><div id="a183532" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:402.595px;top:55.1px;">Derivative </div><div id="a183533" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:407.795px;top:66.9px;">financial </div><div id="a183534" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:416.302px;top:78.7px;">assets </div><div id="a183536" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:462.688px;top:55.1px;">Derivative </div><div id="a183537" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:467.888px;top:66.9px;">financial </div><div id="a183538" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:466.462px;top:78.7px;">liabilities </div><div id="a183541" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:534.128px;top:66.9px;">Notional </div><div id="a183542" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:536.955px;top:78.7px;">amount </div><div id="a183544" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:589.008px;top:55.1px;">Derivative </div><div id="a183545" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:594.208px;top:66.9px;">financial </div><div id="a183546" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:602.288px;top:78.7px;">assets </div><div id="a183548" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.102px;top:55.1px;">Derivative </div><div id="a183549" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:654.342px;top:66.9px;">financial </div><div id="a183550" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.915px;top:78.7px;">liabilities </div><div id="a183552" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:92.4px;">Interest rate risk </div><div id="a183562" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:109px;">Fair value hedges </div><div id="a183566_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:351.955px;top:109px;">20,383</div><div id="a183569_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:433.808px;top:109px;">0</div><div id="a183572_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:493.888px;top:109px;">0</div><div id="a183576_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:538.382px;top:109px;">23,367</div><div id="a183579_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:619.782px;top:109px;">0</div><div id="a183582_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:679.875px;top:109px;">0</div><div id="a183585" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:125.1px;">Cash flow hedges </div><div id="a183588_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:356.688px;top:125.1px;">2,179</div><div id="a183591_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:433.808px;top:125.1px;">0</div><div id="a183594_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:493.888px;top:125.1px;">0</div><div id="a183598_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:538.382px;top:125.1px;">10,803</div><div id="a183601_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:619.782px;top:125.1px;">0</div><div id="a183604_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:679.875px;top:125.1px;">0</div></div> 20383000000 0 0 23367000000 0 0 2179000000 0 0 10803000000 0 0 <div id="TextBlockContainer1598" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:267px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a183611" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 26<div style="display:inline-block;width:8.21px"> </div>Post-employment benefit plans</div></div><div id="TextBlockContainer1600" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:683px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a183617" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">a) Defined benefit plans </div><div id="a183619" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.3px;">UBS AG has<div style="display:inline-block;width:1.84px"> </div>established defined benefit<div style="display:inline-block;width:1.84px"> </div>plans for its<div style="display:inline-block;width:1.66px"> </div>employees in various<div style="display:inline-block;width:2.19px"> </div>jurisdictions in accordance<div style="display:inline-block;width:2.27px"> </div>with local regulations </div><div id="a183622" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.4px;">and practices.<div style="display:inline-block;width:5.25px"> </div>The major plans<div style="display:inline-block;width:5.75px"> </div>are located<div style="display:inline-block;width:5.81px"> </div>in Switzerland,<div style="display:inline-block;width:5.96px"> </div>the UK,<div style="display:inline-block;width:5.09px"> </div>the US<div style="display:inline-block;width:5.04px"> </div>and Germany.<div style="display:inline-block;width:6.62px"> </div>The level<div style="display:inline-block;width:5.1px"> </div>of benefits<div style="display:inline-block;width:5.4px"> </div>depends </div><div id="a183625" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:58px;">on the specific plan rules. </div><div id="a183629" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:80.7px;">Swiss pension plan </div><div id="a183634" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:95.9px;">The Swiss<div style="display:inline-block;width:5.17px"> </div>pension plan covers<div style="display:inline-block;width:5.28px"> </div>employees of UBS<div style="display:inline-block;width:5.9px"> </div>Group AG<div style="display:inline-block;width:5.03px"> </div>in Switzerland and<div style="display:inline-block;width:5.26px"> </div>employees of companies<div style="display:inline-block;width:5.77px"> </div>in Switzerland </div><div id="a183649" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:111.5px;">having close economic or financial ties with UBS Group AG, and exceeds the minimum benefit requirements under Swiss </div><div id="a183658" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:126.6px;">pension law.<div style="display:inline-block;width:6.01px"> </div>In 2017, a significant<div style="display:inline-block;width:5.41px"> </div>number of<div style="display:inline-block;width:5.18px"> </div>employees were<div style="display:inline-block;width:5.02px"> </div>transferred from UBS<div style="display:inline-block;width:5.67px"> </div>AG to UBS Business<div style="display:inline-block;width:5.67px"> </div>Solutions AG, </div><div id="a183661" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:141.8px;">which<div style="display:inline-block;width:5.4px"> </div>is<div style="display:inline-block;width:5.15px"> </div>a<div style="display:inline-block;width:5.2px"> </div>directly<div style="display:inline-block;width:5.2px"> </div>held<div style="display:inline-block;width:5.98px"> </div>subsidiary<div style="display:inline-block;width:5.34px"> </div>of<div style="display:inline-block;width:5.25px"> </div>UBS<div style="display:inline-block;width:5.56px"> </div>Group<div style="display:inline-block;width:5.79px"> </div>AG.<div style="display:inline-block;width:5.36px"> </div>There<div style="display:inline-block;width:5.49px"> </div>continues<div style="display:inline-block;width:5.6px"> </div>to<div style="display:inline-block;width:5.25px"> </div>be<div style="display:inline-block;width:5.4px"> </div>one<div style="display:inline-block;width:5.61px"> </div>pooled<div style="display:inline-block;width:5.43px"> </div>pension<div style="display:inline-block;width:5.48px"> </div>plan<div style="display:inline-block;width:5.5px"> </div>in<div style="display:inline-block;width:5.3px"> </div>Switzerland </div><div id="a183662" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:157.4px;">covering<div style="display:inline-block;width:5.15px"> </div>the<div style="display:inline-block;width:5.72px"> </div>employees<div style="display:inline-block;width:5.67px"> </div>of<div style="display:inline-block;width:5.25px"> </div>UBS<div style="display:inline-block;width:5.66px"> </div>AG<div style="display:inline-block;width:5.25px"> </div>and<div style="display:inline-block;width:5.61px"> </div>those<div style="display:inline-block;width:5.5px"> </div>transferred<div style="display:inline-block;width:6.07px"> </div>to<div style="display:inline-block;width:5.25px"> </div>UBS<div style="display:inline-block;width:5.56px"> </div>Business<div style="display:inline-block;width:5.85px"> </div>Solutions<div style="display:inline-block;width:6.17px"> </div>AG.<div style="display:inline-block;width:5.36px"> </div>UBS<div style="display:inline-block;width:5.56px"> </div>AG<div style="display:inline-block;width:5.25px"> </div>and<div style="display:inline-block;width:5.61px"> </div>UBS<div style="display:inline-block;width:5.56px"> </div>Business </div><div id="a183664" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:172.5px;">Solutions AG both are<div style="display:inline-block;width:5.18px"> </div>legal sponsors of UBS’s Swiss pension<div style="display:inline-block;width:5.09px"> </div>plan. Since the date of the employee transfer,<div style="display:inline-block;width:5.91px"> </div>UBS AG and </div><div id="a183665" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:188.1px;">UBS Business Solutions AG apply proportionate defined benefit<div style="display:inline-block;width:1.79px"> </div>accounting, i.e., the net pension cost and<div style="display:inline-block;width:1.97px"> </div>the net pension </div><div id="a183667" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:203.3px;">asset / liability<div style="display:inline-block;width:5.73px"> </div>of the Swiss<div style="display:inline-block;width:6.08px"> </div>pension plan<div style="display:inline-block;width:5.89px"> </div>are allocated<div style="display:inline-block;width:5.23px"> </div>proportionally<div style="display:inline-block;width:5.21px"> </div>between UBS<div style="display:inline-block;width:6.02px"> </div>AG and<div style="display:inline-block;width:5.29px"> </div>UBS Business<div style="display:inline-block;width:5.84px"> </div>Solutions AG </div><div id="a183668" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:218.9px;">based<div style="display:inline-block;width:5.18px"> </div>on<div style="display:inline-block;width:5.13px"> </div>the aggregated<div style="display:inline-block;width:6.1px"> </div>net pension<div style="display:inline-block;width:6.58px"> </div>cost and<div style="display:inline-block;width:5.61px"> </div>defined<div style="display:inline-block;width:5.08px"> </div>benefit obligations<div style="display:inline-block;width:6.37px"> </div>related<div style="display:inline-block;width:5.04px"> </div>to their<div style="display:inline-block;width:5.62px"> </div>employees.<div style="display:inline-block;width:5.37px"> </div>The Swiss<div style="display:inline-block;width:6.13px"> </div>plan </div><div id="a183674" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:234px;">offers retirement,<div style="display:inline-block;width:5.25px"> </div>disability and survivor<div style="display:inline-block;width:5.13px"> </div>benefits and is governed<div style="display:inline-block;width:5.17px"> </div>by a Pension<div style="display:inline-block;width:5.02px"> </div>Foundation Board.<div style="display:inline-block;width:5.44px"> </div>The responsibilities of </div><div id="a183675" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:249.2px;">this board are defined<div style="display:inline-block;width:5.22px"> </div>by Swiss pension law and the<div style="display:inline-block;width:5.13px"> </div>plan rules. </div><div id="a183677" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:272.4px;">Savings contributions to the Swiss<div style="display:inline-block;width:2.22px"> </div>plan are paid<div style="display:inline-block;width:2.31px"> </div>by both employer and employee.<div style="display:inline-block;width:2.13px"> </div>Depending on the age<div style="display:inline-block;width:2.03px"> </div>of the employee, </div><div id="a183685" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:287.5px;">UBS<div style="display:inline-block;width:5.12px"> </div>AG pays<div style="display:inline-block;width:5.88px"> </div>a savings<div style="display:inline-block;width:6.92px"> </div>contribution<div style="display:inline-block;width:5.07px"> </div>that<div style="display:inline-block;width:5.1px"> </div>ranges<div style="display:inline-block;width:5.03px"> </div>between </div><div id="a183685_55_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:342.591px;top:287.5px;">6.5</div><div id="a183685_58_6" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:361.507px;top:287.5px;">% and </div><div id="a183685_64_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:405.96px;top:287.5px;">27.5</div><div id="a183685_68_42" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:432.443px;top:287.5px;">% of<div style="display:inline-block;width:5.83px"> </div>contributory<div style="display:inline-block;width:5.09px"> </div>base salary<div style="display:inline-block;width:6.57px"> </div>and<div style="display:inline-block;width:5.13px"> </div>between </div><div id="a183688" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:302.6px;">2.8</div><div id="a183688_3_6" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:23.821px;top:302.6px;">% and </div><div id="a183688_9_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:65.437px;top:302.6px;">9</div><div id="a183688_10_110" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:73.003px;top:302.6px;">% of contributory variable<div style="display:inline-block;width:2.25px"> </div>compensation. UBS AG also pays risk contributions that are used to fund disability </div><div id="a183693" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:318.2px;">and survivor benefits. Employees<div style="display:inline-block;width:5.22px"> </div>can choose the level<div style="display:inline-block;width:5.13px"> </div>of savings contributions<div style="display:inline-block;width:5.1px"> </div>paid by them, which<div style="display:inline-block;width:5.07px"> </div>vary between </div><div id="a183693_112_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:652.785px;top:318.2px;">2.5</div><div id="a183693_115_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:671.701px;top:318.2px;">% </div><div id="a183694" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:333.4px;">and </div><div id="a183694_4_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:30.442px;top:333.4px;">13.5</div><div id="a183694_8_42" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:56.452px;top:333.4px;">% of contributory base salary and<div style="display:inline-block;width:5.43px"> </div>between </div><div id="a183694_50_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:306.618px;top:333.4px;">0</div><div id="a183694_51_6" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:314.185px;top:333.4px;">% and </div><div id="a183694_57_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:356.746px;top:333.4px;">9</div><div id="a183694_58_54" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:364.313px;top:333.4px;">% of contributory<div style="display:inline-block;width:5.16px"> </div>variable compensation, depending<div style="display:inline-block;width:5.76px"> </div>on </div><div id="a183698" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:348.5px;">age and choice of savings contribution<div style="display:inline-block;width:5.39px"> </div>category.<div style="display:inline-block;width:4.02px"> </div></div><div id="a183701" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:371.7px;">The plan offers to members at the<div style="display:inline-block;width:5.15px"> </div>normal retirement age<div style="display:inline-block;width:5.13px"> </div>of </div><div id="a183701_59_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:349.371px;top:371.7px;">65</div><div id="a183701_61_59" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:364.504px;top:371.7px;"><div style="display:inline-block;width:3.78px"> </div>a choice between a lifetime<div style="display:inline-block;width:5.1px"> </div>pension and<div style="display:inline-block;width:5.05px"> </div>a partial or full </div><div id="a183703" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:386.8px;">lump sum<div style="display:inline-block;width:5.08px"> </div>payment. Participants can<div style="display:inline-block;width:5.47px"> </div>choose to draw<div style="display:inline-block;width:5.79px"> </div>early retirement benefits<div style="display:inline-block;width:5.28px"> </div>starting from<div style="display:inline-block;width:5.18px"> </div>the age of </div><div id="a183703_101_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:593.868px;top:386.8px;">58</div><div id="a183703_103_15" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:608.528px;top:386.8px;">, but can<div style="display:inline-block;width:5.29px"> </div>also </div><div id="a183705" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:402px;">continue<div style="display:inline-block;width:5.08px"> </div>employment and<div style="display:inline-block;width:6.02px"> </div>remain active<div style="display:inline-block;width:5.15px"> </div>members of<div style="display:inline-block;width:6.09px"> </div>the plan<div style="display:inline-block;width:5.66px"> </div>until the<div style="display:inline-block;width:5.87px"> </div>age of </div><div id="a183705_75_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:461.259px;top:402px;">70</div><div id="a183705_77_36" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:475.919px;top:402px;">. Employees have<div style="display:inline-block;width:5.98px"> </div>the opportunity<div style="display:inline-block;width:6.28px"> </div>to </div><div id="a183706" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:417.6px;">make additional purchases of benefits<div style="display:inline-block;width:5.07px"> </div>to fund early retirement benefits. </div><div id="a183708" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:440.3px;">The pension<div style="display:inline-block;width:5.32px"> </div>amount payable to<div style="display:inline-block;width:5.38px"> </div>a participant is<div style="display:inline-block;width:5.09px"> </div>calculated by<div style="display:inline-block;width:5.14px"> </div>applying a<div style="display:inline-block;width:5.23px"> </div>conversion rate to the<div style="display:inline-block;width:5.5px"> </div>accumulated balance of </div><div id="a183711" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:455.4px;">the<div style="display:inline-block;width:5.25px"> </div>participant’s<div style="display:inline-block;width:5.56px"> </div>retirement savings<div style="display:inline-block;width:7.2px"> </div>account<div style="display:inline-block;width:5.72px"> </div>at<div style="display:inline-block;width:5.05px"> </div>the<div style="display:inline-block;width:5.25px"> </div>retirement<div style="display:inline-block;width:5.48px"> </div>date.<div style="display:inline-block;width:5.36px"> </div>The<div style="display:inline-block;width:5.4px"> </div>balance<div style="display:inline-block;width:5.3px"> </div>is<div style="display:inline-block;width:5.62px"> </div>based<div style="display:inline-block;width:5.66px"> </div>on<div style="display:inline-block;width:5.61px"> </div>credited<div style="display:inline-block;width:5.23px"> </div>vested<div style="display:inline-block;width:5.1px"> </div>benefits </div><div id="a183712" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:470.6px;">transferred<div style="display:inline-block;width:5.13px"> </div>from<div style="display:inline-block;width:5.18px"> </div>previous<div style="display:inline-block;width:6.18px"> </div>employers,<div style="display:inline-block;width:5.15px"> </div>purchases<div style="display:inline-block;width:5.79px"> </div>of<div style="display:inline-block;width:5.25px"> </div>benefits,<div style="display:inline-block;width:5.35px"> </div>and<div style="display:inline-block;width:5.61px"> </div>the<div style="display:inline-block;width:5.25px"> </div>employee<div style="display:inline-block;width:5.15px"> </div>and<div style="display:inline-block;width:6.08px"> </div>employer<div style="display:inline-block;width:5.47px"> </div>contributions<div style="display:inline-block;width:5.59px"> </div>that<div style="display:inline-block;width:5.1px"> </div>have </div><div id="a183714" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:486.2px;">been<div style="display:inline-block;width:6.08px"> </div>made<div style="display:inline-block;width:5.72px"> </div>to<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.25px"> </div>participant’s<div style="display:inline-block;width:5.56px"> </div>retirement<div style="display:inline-block;width:5.96px"> </div>savings<div style="display:inline-block;width:5.87px"> </div>account,<div style="display:inline-block;width:5.83px"> </div>as<div style="display:inline-block;width:5.72px"> </div>well<div style="display:inline-block;width:5.57px"> </div>as<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>interest<div style="display:inline-block;width:5.89px"> </div>accrued.<div style="display:inline-block;width:5.63px"> </div>The<div style="display:inline-block;width:5.88px"> </div>annual<div style="display:inline-block;width:6.18px"> </div>interest<div style="display:inline-block;width:5.13px"> </div>rate </div><div id="a183716" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:501.3px;">credited to participants is determined by<div style="display:inline-block;width:5.1px"> </div>the Pension Foundation<div style="display:inline-block;width:5.5px"> </div>Board at the end of each year. </div><div id="a183720" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:524.5px;">Although<div style="display:inline-block;width:5.64px"> </div>the Swiss<div style="display:inline-block;width:5.45px"> </div>plan<div style="display:inline-block;width:5.03px"> </div>is based<div style="display:inline-block;width:5.7px"> </div>on a<div style="display:inline-block;width:5.71px"> </div>defined<div style="display:inline-block;width:5.08px"> </div>contribution<div style="display:inline-block;width:5.07px"> </div>promise under<div style="display:inline-block;width:6.04px"> </div>Swiss pension<div style="display:inline-block;width:6.16px"> </div>law, it<div style="display:inline-block;width:5.41px"> </div>is accounted<div style="display:inline-block;width:5.98px"> </div>for as<div style="display:inline-block;width:5.72px"> </div>a </div><div id="a183721" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:539.7px;">defined<div style="display:inline-block;width:6.02px"> </div>benefit<div style="display:inline-block;width:5.67px"> </div>plan<div style="display:inline-block;width:5.98px"> </div>under<div style="display:inline-block;width:6.23px"> </div>International<div style="display:inline-block;width:5.94px"> </div>Financial<div style="display:inline-block;width:5.36px"> </div>Reporting<div style="display:inline-block;width:6.28px"> </div>Standards<div style="display:inline-block;width:6.26px"> </div>(IFRS),<div style="display:inline-block;width:6.06px"> </div>primarily<div style="display:inline-block;width:5.37px"> </div>because<div style="display:inline-block;width:5.99px"> </div>of<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>obligation<div style="display:inline-block;width:6.22px"> </div>to </div><div id="a183729" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:554.8px;">accrue interest on the participants’<div style="display:inline-block;width:5.06px"> </div>retirement savings accounts and<div style="display:inline-block;width:5.23px"> </div>the payment of lifetime pension<div style="display:inline-block;width:5.12px"> </div>benefits.<div style="display:inline-block;width:4.15px"> </div></div><div id="a183732" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:577.5px;">An actuarial valuation in accordance with Swiss<div style="display:inline-block;width:5.09px"> </div>pension law is performed regularly.<div style="display:inline-block;width:5.19px"> </div>Should an underfunded<div style="display:inline-block;width:5.44px"> </div>situation on </div><div id="a183735" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:592.6px;">this basis occur, the Pension Foundation Board is<div style="display:inline-block;width:5.02px"> </div>required to take the necessary measures to ensure that full funding<div style="display:inline-block;width:5.07px"> </div>can </div><div id="a183736" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:608.3px;">be<div style="display:inline-block;width:6.82px"> </div>expected<div style="display:inline-block;width:6.94px"> </div>to<div style="display:inline-block;width:6.67px"> </div>be<div style="display:inline-block;width:6.82px"> </div>restored<div style="display:inline-block;width:7.09px"> </div>within<div style="display:inline-block;width:7.24px"> </div>a<div style="display:inline-block;width:6.62px"> </div>maximum<div style="display:inline-block;width:7px"> </div>period<div style="display:inline-block;width:7.63px"> </div>of </div><div id="a183736_54_2" style="position:absolute;font-family:'Frutiger';font-size:13.241px;left:356.462px;top:608.3px;">10</div><div id="a183736_56_53" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:371.595px;top:608.3px;"><div style="display:inline-block;width:6.62px"> </div>years.<div style="display:inline-block;width:6.96px"> </div>If<div style="display:inline-block;width:6.84px"> </div>a<div style="display:inline-block;width:6.62px"> </div>Swiss<div style="display:inline-block;width:7.19px"> </div>plan<div style="display:inline-block;width:6.92px"> </div>were<div style="display:inline-block;width:6.81px"> </div>to<div style="display:inline-block;width:6.67px"> </div>become<div style="display:inline-block;width:7.14px"> </div>significantly </div><div id="a183739" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:623.4px;">underfunded<div style="display:inline-block;width:5.42px"> </div>on a<div style="display:inline-block;width:5.71px"> </div>Swiss pension<div style="display:inline-block;width:5.69px"> </div>law basis,<div style="display:inline-block;width:6.08px"> </div>additional employer<div style="display:inline-block;width:5.44px"> </div>and<div style="display:inline-block;width:5.13px"> </div>employee contributions<div style="display:inline-block;width:6.12px"> </div>could<div style="display:inline-block;width:5.03px"> </div>be required.<div style="display:inline-block;width:5.81px"> </div>In this </div><div id="a183742" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:639px;">situation, the risk is<div style="display:inline-block;width:2.24px"> </div>shared between employer and employees, and the employer<div style="display:inline-block;width:2.17px"> </div>is not legally obliged to cover more than </div><div id="a183743" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:654.2px;">50</div><div id="a183743_2_116" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:654.2px;">% of the<div style="display:inline-block;width:5.07px"> </div>additional contributions<div style="display:inline-block;width:5.19px"> </div>required. As of<div style="display:inline-block;width:5.02px"> </div>31 December 2022,<div style="display:inline-block;width:5.28px"> </div>the Swiss plan<div style="display:inline-block;width:5.38px"> </div>had a technical funding<div style="display:inline-block;width:5.84px"> </div>ratio in </div><div id="a183752" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:669.3px;">accordance with Swiss pension<div style="display:inline-block;width:5.15px"> </div>law of </div><div id="a183752_37_5" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:223.512px;top:669.3px;">119.0</div><div id="a183752_42_21" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:257.088px;top:669.3px;">% (31 December 2021: </div><div id="a183752_63_5" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:395.278px;top:669.3px;">134.8</div><div id="a183752_68_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:428.405px;top:669.3px;">%).</div></div><div id="TextBlockContainer1602" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:724px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a183805" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">The investment strategy<div style="display:inline-block;width:5.83px"> </div>of the Swiss<div style="display:inline-block;width:5.61px"> </div>plan complies<div style="display:inline-block;width:5.18px"> </div>with Swiss pension<div style="display:inline-block;width:6.31px"> </div>law, including the<div style="display:inline-block;width:5.37px"> </div>rules and<div style="display:inline-block;width:5.23px"> </div>regulations relating </div><div id="a183807" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">to diversification of plan assets, and is<div style="display:inline-block;width:1.92px"> </div>derived from the risk<div style="display:inline-block;width:2.03px"> </div>budget defined by the Pension Foundation Board on the<div style="display:inline-block;width:2.14px"> </div>basis </div><div id="a183820" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">of regularly performed asset and liability management analyses. The Pension Foundation Board strives<div style="display:inline-block;width:2.11px"> </div>for a medium-<div style="display:inline-block;width:2.97px"> </div>and </div><div id="a183827" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.4px;">long-term balance between assets and<div style="display:inline-block;width:5.44px"> </div>liabilities.<div style="display:inline-block;width:3.96px"> </div></div><div id="a183831" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:69.1px;">As of<div style="display:inline-block;width:5.08px"> </div>31 December 202<div style="display:inline-block;width:1.64px"> </div>2,<div style="display:inline-block;width:4.56px"> </div>the Swiss plan<div style="display:inline-block;width:5.86px"> </div>was in<div style="display:inline-block;width:5.63px"> </div>a surplus<div style="display:inline-block;width:5.28px"> </div>situation on<div style="display:inline-block;width:5.85px"> </div>an IFRS<div style="display:inline-block;width:5.4px"> </div>measurement basis,<div style="display:inline-block;width:5.69px"> </div>as the<div style="display:inline-block;width:5.4px"> </div>fair value<div style="display:inline-block;width:5.26px"> </div>of </div><div id="a183837" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:84.2px;">the<div style="display:inline-block;width:5.72px"> </div>plan’s<div style="display:inline-block;width:6.13px"> </div>assets<div style="display:inline-block;width:5.67px"> </div>exceeded<div style="display:inline-block;width:5.77px"> </div>the<div style="display:inline-block;width:5.25px"> </div>defined<div style="display:inline-block;width:6.02px"> </div>benefit<div style="display:inline-block;width:5.2px"> </div>obligation<div style="display:inline-block;width:6.34px"> </div>(DBO)<div style="display:inline-block;width:5.67px"> </div>by<div style="display:inline-block;width:5.71px"> </div>USD </div><div id="a183837_71_5" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:431.725px;top:84.2px;">4,418</div><div id="a183837_76_25" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:465.325px;top:84.2px;">m<div style="display:inline-block;width:5.53px"> </div>(31 December<div style="display:inline-block;width:5.69px"> </div>2021:<div style="display:inline-block;width:6.12px"> </div>USD </div><div id="a183837_101_5" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:634.245px;top:84.2px;">3,716</div><div id="a183837_106_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:667.858px;top:84.2px;">m). </div><div id="a183861" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:99.3px;">However,<div style="display:inline-block;width:5.21px"> </div>a surplus<div style="display:inline-block;width:5.75px"> </div>is only<div style="display:inline-block;width:5.35px"> </div>recognized on<div style="display:inline-block;width:6.1px"> </div>the balance<div style="display:inline-block;width:5.45px"> </div>sheet to<div style="display:inline-block;width:5.45px"> </div>the extent<div style="display:inline-block;width:5.52px"> </div>that it<div style="display:inline-block;width:5.42px"> </div>does not<div style="display:inline-block;width:6.01px"> </div>exceed the<div style="display:inline-block;width:5.63px"> </div>estimated future </div><div id="a183862" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:115px;">economic benefit,<div style="display:inline-block;width:5.82px"> </div>which equals<div style="display:inline-block;width:6.33px"> </div>the difference<div style="display:inline-block;width:5.6px"> </div>between<div style="display:inline-block;width:5.08px"> </div>the present<div style="display:inline-block;width:5.27px"> </div>value of<div style="display:inline-block;width:5.72px"> </div>the estimated<div style="display:inline-block;width:5.04px"> </div>future net<div style="display:inline-block;width:6.01px"> </div>service cost<div style="display:inline-block;width:5.06px"> </div>and </div><div id="a183864" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:130.1px;">the present value of the<div style="display:inline-block;width:1.79px"> </div>estimated future employer<div style="display:inline-block;width:2.24px"> </div>contributions. As of both 31 December<div style="display:inline-block;width:2.25px"> </div>2022 and 31 December 2021, </div><div id="a183869" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:145.7px;">the estimated future economic benefit<div style="display:inline-block;width:5.48px"> </div>was zero and<div style="display:inline-block;width:5.11px"> </div>hence no net defined<div style="display:inline-block;width:5.32px"> </div>benefit asset was recognized<div style="display:inline-block;width:5.05px"> </div>on the balance </div><div id="a183871" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:160.9px;">sheet. </div><div id="a183873" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#E60000;left:4.905px;top:183.3px;">Changes to the Swiss pension<div style="display:inline-block;width:5.28px"> </div>plan in 2019 </div><div id="a183875" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:198.7px;">The<div style="display:inline-block;width:5.4px"> </div>Pension Foundation Board<div style="display:inline-block;width:5.99px"> </div>and UBS<div style="display:inline-block;width:5.75px"> </div>AG<div style="display:inline-block;width:5.25px"> </div>agreed to<div style="display:inline-block;width:5.85px"> </div>implement measures<div style="display:inline-block;width:5.27px"> </div>that took<div style="display:inline-block;width:5.93px"> </div>effect from<div style="display:inline-block;width:5.81px"> </div>the start<div style="display:inline-block;width:5.42px"> </div>of<div style="display:inline-block;width:5.25px"> </div>2019 to </div><div id="a183878" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:214.3px;">support<div style="display:inline-block;width:5.75px"> </div>the<div style="display:inline-block;width:6.2px"> </div>long-term<div style="display:inline-block;width:5.16px"> </div>financial stability<div style="display:inline-block;width:6.42px"> </div>of<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:5.72px"> </div>Swiss<div style="display:inline-block;width:5.77px"> </div>pension<div style="display:inline-block;width:5.48px"> </div>fund.<div style="display:inline-block;width:5.76px"> </div>The<div style="display:inline-block;width:5.88px"> </div>measures,<div style="display:inline-block;width:5.07px"> </div>among<div style="display:inline-block;width:5.66px"> </div>other<div style="display:inline-block;width:6.25px"> </div>things,<div style="display:inline-block;width:5.23px"> </div>lowered<div style="display:inline-block;width:5.69px"> </div>the </div><div id="a183882" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:229.5px;">conversion rate and increased the normal retirement age<div style="display:inline-block;width:5.09px"> </div>from 64 to 65.<div style="display:inline-block;width:5.04px"> </div>Pensions already in payment on 1 January 2019 </div><div id="a183885" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:245.1px;">were not affected. </div><div id="a183887" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:267.8px;">To mitigate the<div style="display:inline-block;width:5.24px"> </div>effects for active<div style="display:inline-block;width:5.69px"> </div>participants, UBS<div style="display:inline-block;width:5.75px"> </div>AG committed to<div style="display:inline-block;width:5.46px"> </div>pay an<div style="display:inline-block;width:5.04px"> </div>extraordinary contribution<div style="display:inline-block;width:5.85px"> </div>and contributed </div><div id="a183891" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:282.9px;">CHF </div><div id="a183891_4_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:32.838px;top:282.9px;">390</div><div id="a183891_7_7" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:55.538px;top:282.9px;">m (USD </div><div id="a183891_14_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:103.338px;top:282.9px;">421</div><div id="a183891_17_73" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:126.032px;top:282.9px;">m) in three<div style="display:inline-block;width:5.59px"> </div>installments in<div style="display:inline-block;width:5.13px"> </div>2020,<div style="display:inline-block;width:5.17px"> </div>2021<div style="display:inline-block;width:5.07px"> </div>and 2022.<div style="display:inline-block;width:5.21px"> </div>The installments<div style="display:inline-block;width:5.24px"> </div>of USD </div><div id="a183891_90_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:556.658px;top:282.9px;">143</div><div id="a183891_93_7" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:579.365px;top:282.9px;">m, USD </div><div id="a183891_100_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:626.685px;top:282.9px;">152</div><div id="a183891_103_6" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:649.378px;top:282.9px;">m and </div><div id="a183902" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:298.1px;">USD </div><div id="a183902_4_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:33.312px;top:298.1px;">126</div><div id="a183902_7_105" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:56.01px;top:298.1px;">m paid in 2020, 2021 and 2022 reduced other comprehensive income with no effect on the income statement. </div><div id="a183911" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:321.2px;">The regular employer contributions<div style="display:inline-block;width:5.19px"> </div>to be made to the Swiss plan<div style="display:inline-block;width:5.2px"> </div>in 2023 are estimated at USD </div><div id="a183911_93_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:548.112px;top:321.2px;">275</div><div id="a183911_96_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:570.845px;top:321.2px;">m. </div><div id="a183917" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:344px;">UK pension plan</div><div id="a183921" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#E60000;left:98.605px;top:343.7px;"> </div><div id="a183922" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:359.1px;">The<div style="display:inline-block;width:6.35px"> </div>UK<div style="display:inline-block;width:6.25px"> </div>plan<div style="display:inline-block;width:6.45px"> </div>is<div style="display:inline-block;width:6.09px"> </div>a<div style="display:inline-block;width:5.67px"> </div>career-average<div style="display:inline-block;width:6.62px"> </div>revalued<div style="display:inline-block;width:6.33px"> </div>earnings<div style="display:inline-block;width:6.31px"> </div>scheme,<div style="display:inline-block;width:6.15px"> </div>and<div style="display:inline-block;width:6.55px"> </div>benefits<div style="display:inline-block;width:6.19px"> </div>increase<div style="display:inline-block;width:6.65px"> </div>automatically<div style="display:inline-block;width:5.85px"> </div>based<div style="display:inline-block;width:6.89px"> </div>on<div style="display:inline-block;width:6.55px"> </div>UK<div style="display:inline-block;width:6.25px"> </div>price </div><div id="a183927" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:374.2px;">inflation,<div style="display:inline-block;width:5.32px"> </div>subject<div style="display:inline-block;width:5.2px"> </div>to<div style="display:inline-block;width:5.25px"> </div>defined<div style="display:inline-block;width:5.55px"> </div>caps. The<div style="display:inline-block;width:6.24px"> </div>normal<div style="display:inline-block;width:5.2px"> </div>retirement<div style="display:inline-block;width:5.55px"> </div>age<div style="display:inline-block;width:5.4px"> </div>for<div style="display:inline-block;width:5.1px"> </div>participants in<div style="display:inline-block;width:6.61px"> </div>the<div style="display:inline-block;width:5.25px"> </div>UK<div style="display:inline-block;width:5.31px"> </div>plan<div style="display:inline-block;width:5.03px"> </div>is </div><div id="a183927_97_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:559.965px;top:374.2px;">60</div><div id="a183927_99_20" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:575.098px;top:374.2px;">. The<div style="display:inline-block;width:6.09px"> </div>plan<div style="display:inline-block;width:5.03px"> </div>provides </div><div id="a183933" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:389.8px;">guaranteed lifetime<div style="display:inline-block;width:5.04px"> </div>pension benefits<div style="display:inline-block;width:5.16px"> </div>to participants upon<div style="display:inline-block;width:6.05px"> </div>retirement. The<div style="display:inline-block;width:5.2px"> </div>UK plan has<div style="display:inline-block;width:5.12px"> </div>been closed to<div style="display:inline-block;width:5.54px"> </div>new entrants for </div><div id="a183937" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:405px;">more than<div style="display:inline-block;width:5.25px"> </div>20 years and,<div style="display:inline-block;width:6.05px"> </div>since 2013,<div style="display:inline-block;width:5.69px"> </div>participants are no<div style="display:inline-block;width:5.69px"> </div>longer accruing<div style="display:inline-block;width:5.6px"> </div>benefits for<div style="display:inline-block;width:5.24px"> </div>current or<div style="display:inline-block;width:5.34px"> </div>future service.<div style="display:inline-block;width:5.45px"> </div>Instead, </div><div id="a183940" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:420.1px;">employees participate in the UK defined<div style="display:inline-block;width:5.38px"> </div>contribution plan. </div><div id="a183942" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:443.3px;">The<div style="display:inline-block;width:5.4px"> </div>governance<div style="display:inline-block;width:5.69px"> </div>responsibility for<div style="display:inline-block;width:6.37px"> </div>the<div style="display:inline-block;width:5.25px"> </div>UK<div style="display:inline-block;width:5.31px"> </div>plan<div style="display:inline-block;width:5.5px"> </div>lies<div style="display:inline-block;width:5.04px"> </div>jointly with<div style="display:inline-block;width:6.98px"> </div>the<div style="display:inline-block;width:5.25px"> </div>Pension<div style="display:inline-block;width:6.01px"> </div>Trustee Board<div style="display:inline-block;width:7.16px"> </div>and<div style="display:inline-block;width:5.13px"> </div>UBS<div style="display:inline-block;width:5.18px"> </div>AG.<div style="display:inline-block;width:5.35px"> </div>The<div style="display:inline-block;width:5.4px"> </div>employer </div><div id="a183947" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:458.4px;">contributions to<div style="display:inline-block;width:5.27px"> </div>the pension<div style="display:inline-block;width:5.16px"> </div>fund reflect agreed-upon<div style="display:inline-block;width:5.22px"> </div>deficit funding<div style="display:inline-block;width:5.07px"> </div>contributions, which<div style="display:inline-block;width:5.06px"> </div>are determined on<div style="display:inline-block;width:5.47px"> </div>the basis </div><div id="a183950" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:473.6px;">of the most recent actuarial valuation<div style="display:inline-block;width:5.22px"> </div>using assumptions agreed<div style="display:inline-block;width:5.58px"> </div>by the Pension Trustee Board and U<div style="display:inline-block;width:1.62px"> </div>BS AG. In the event </div><div id="a183955" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:489.2px;">of underfunding, UBS AG and the Pension Trustee<div style="display:inline-block;width:1.92px"> </div>Board must agree on a<div style="display:inline-block;width:2.22px"> </div>deficit recovery plan within statutory deadlines. </div><div id="a183960" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:504.3px;">In 2022, UBS AG<div style="display:inline-block;width:2.26px"> </div>made deficit<div style="display:inline-block;width:2.04px"> </div>funding contributions of USD </div><div id="a183960_58_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:344.205px;top:504.3px;">5</div><div id="a183960_59_58" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:351.772px;top:504.3px;">m to the<div style="display:inline-block;width:2.05px"> </div>UK plan. In<div style="display:inline-block;width:1.76px"> </div>2021, UBS AG made<div style="display:inline-block;width:2.27px"> </div>no deficit funding </div><div id="a183976" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:519.5px;">contributions. </div><div id="a183978" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:542.6px;">The plan<div style="display:inline-block;width:5.34px"> </div>assets are invested in<div style="display:inline-block;width:5.69px"> </div>a diversified portfolio<div style="display:inline-block;width:5.18px"> </div>of financial assets,<div style="display:inline-block;width:5.29px"> </div>which include<div style="display:inline-block;width:5.23px"> </div>longevity swaps<div style="display:inline-block;width:5.08px"> </div>with an<div style="display:inline-block;width:5.08px"> </div>external </div><div id="a183979" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:557.8px;">insurance company. These swaps<div style="display:inline-block;width:5.37px"> </div>enable the UK pension<div style="display:inline-block;width:5.77px"> </div>plan to hedge the<div style="display:inline-block;width:5.57px"> </div>risk between expected<div style="display:inline-block;width:5.75px"> </div>and actual longevity, </div><div id="a183982" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:572.9px;">which should<div style="display:inline-block;width:5.32px"> </div>mitigate volatility in the<div style="display:inline-block;width:5.21px"> </div>net defined benefit<div style="display:inline-block;width:5.33px"> </div>asset / liability. As<div style="display:inline-block;width:5.47px"> </div>of 31 December 2022,<div style="display:inline-block;width:6.07px"> </div>the longevity swaps </div><div id="a183985" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:588.5px;">had a negative value of USD </div><div id="a183985_28_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:169.565px;top:588.5px;">1</div><div id="a183985_29_34" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:177.132px;top:588.5px;">m (31 December 2021: negative USD </div><div id="a183985_63_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:392.912px;top:588.5px;">3</div><div id="a183985_64_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:400.478px;top:588.5px;">m). </div><div id="a183993" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:611.2px;">In 2019, UBS AG<div style="display:inline-block;width:5.1px"> </div>and the Pension Trustee Board<div style="display:inline-block;width:5.26px"> </div>entered into an arrangement whereby<div style="display:inline-block;width:5.27px"> </div>a collateral pool was established </div><div id="a183999" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:626.4px;">to<div style="display:inline-block;width:5.72px"> </div>provide<div style="display:inline-block;width:6.06px"> </div>security<div style="display:inline-block;width:6.06px"> </div>for<div style="display:inline-block;width:5.57px"> </div>the<div style="display:inline-block;width:5.72px"> </div>pension<div style="display:inline-block;width:6.43px"> </div>fund.<div style="display:inline-block;width:6.23px"> </div>The<div style="display:inline-block;width:5.88px"> </div>value<div style="display:inline-block;width:5.57px"> </div>of<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:6.2px"> </div>collateral<div style="display:inline-block;width:5.53px"> </div>pool<div style="display:inline-block;width:6.18px"> </div>as<div style="display:inline-block;width:5.72px"> </div>of<div style="display:inline-block;width:5.72px"> </div>31 December<div style="display:inline-block;width:6.79px"> </div>2022<div style="display:inline-block;width:6.48px"> </div>was<div style="display:inline-block;width:5.83px"> </div>USD </div><div id="a183999_106_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:652.698px;top:626.4px;">292</div><div id="a183999_109_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:674.925px;top:626.4px;">m </div><div id="a184004" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:641.5px;">(31 December 2021: USD </div><div id="a184004_23_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:153.018px;top:641.5px;">337</div><div id="a184004_26_89" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:175.245px;top:641.5px;">m) and includes<div style="display:inline-block;width:2.23px"> </div>corporate bonds, government-related debt instruments and other<div style="display:inline-block;width:2.22px"> </div>financial </div><div id="a184012" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:657.1px;">assets. The arrangement provides the Pension Trustee<div style="display:inline-block;width:2.17px"> </div>Board dedicated access to a pool of<div style="display:inline-block;width:2.23px"> </div>assets in the event<div style="display:inline-block;width:2.19px"> </div>of UBS AG’s </div><div id="a184016" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:672.3px;">insolvency or not paying a required<div style="display:inline-block;width:5.42px"> </div>deficit funding contribution. </div><div id="a184018" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:695.5px;">The employer<div style="display:inline-block;width:5.77px"> </div>contributions<div style="display:inline-block;width:5.22px"> </div>to be<div style="display:inline-block;width:6.03px"> </div>made to<div style="display:inline-block;width:5.4px"> </div>the UK<div style="display:inline-block;width:5.46px"> </div>defined<div style="display:inline-block;width:5.08px"> </div>benefit plan<div style="display:inline-block;width:6.07px"> </div>in 2023<div style="display:inline-block;width:5.27px"> </div>are estimated<div style="display:inline-block;width:5.08px"> </div>at USD </div><div id="a184018_98_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:594.965px;top:695.5px;">18</div><div id="a184018_100_14" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:610.098px;top:695.5px;">m, subject<div style="display:inline-block;width:5.76px"> </div>to </div><div id="a184024" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:710.6px;">regular funding reviews during<div style="display:inline-block;width:5.57px"> </div>the year.</div></div><div id="TextBlockContainer1604" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:548px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a184065" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">US pension plans</div><div id="a184066" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:101.912px;top:-0.3px;"> </div><div id="a184067" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.6px;">There are two distinct<div style="display:inline-block;width:1.52px"> </div>major defined<div style="display:inline-block;width:1.66px"> </div>benefit plans<div style="display:inline-block;width:2.34px"> </div>in the<div style="display:inline-block;width:2.34px"> </div>US, with a<div style="display:inline-block;width:1.93px"> </div>normal retirement<div style="display:inline-block;width:1.8px"> </div>age of </div><div id="a184067_94_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:521.513px;top:15.6px;">65</div><div id="a184067_96_28" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:536.173px;top:15.6px;">. Both plans<div style="display:inline-block;width:2.06px"> </div>were closed<div style="display:inline-block;width:2.33px"> </div>to </div><div id="a184069" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.8px;">new entrants more than<div style="display:inline-block;width:1.94px"> </div>20 years ago. Since<div style="display:inline-block;width:2.23px"> </div>they closed,<div style="display:inline-block;width:2.09px"> </div>new employees have<div style="display:inline-block;width:1.93px"> </div>participated in<div style="display:inline-block;width:2.3px"> </div>a defined contribution<div style="display:inline-block;width:1.37px"> </div>plan. </div><div id="a184071" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.9px;">One of the defined benefit plans is a contribution<div style="display:inline-block;width:1.69px"> </div>-based plan in which each participant accrues a percentage of<div style="display:inline-block;width:5.02px"> </div>salary in </div><div id="a184075" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:69.1px;">a retirement<div style="display:inline-block;width:5.59px"> </div>savings<div style="display:inline-block;width:5.4px"> </div>account. The<div style="display:inline-block;width:6.14px"> </div>retirement savings<div style="display:inline-block;width:6.26px"> </div>account is<div style="display:inline-block;width:5.77px"> </div>credited annually<div style="display:inline-block;width:6.01px"> </div>with<div style="display:inline-block;width:5.25px"> </div>interest based<div style="display:inline-block;width:6.16px"> </div>on<div style="display:inline-block;width:5.13px"> </div>a rate<div style="display:inline-block;width:5.47px"> </div>that is </div><div id="a184076" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:84.2px;">linked to<div style="display:inline-block;width:6.02px"> </div>the average<div style="display:inline-block;width:5.68px"> </div>yield on<div style="display:inline-block;width:5.5px"> </div>one-year US<div style="display:inline-block;width:5.96px"> </div>government bonds.<div style="display:inline-block;width:6.18px"> </div>For the<div style="display:inline-block;width:5.2px"> </div>other defined<div style="display:inline-block;width:5.91px"> </div>benefit plan,<div style="display:inline-block;width:5.7px"> </div>retirement benefits </div><div id="a184080" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.3px;">accrue based on the<div style="display:inline-block;width:5.12px"> </div>career-average earnings of each individual plan participant.<div style="display:inline-block;width:5.88px"> </div>Former employees with vested benefits </div><div id="a184083" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:115px;">have the option of taking<div style="display:inline-block;width:5.1px"> </div>a lump sum payment or a lifetime annuity. </div><div id="a184092" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:137.7px;">As required<div style="display:inline-block;width:5.24px"> </div>under applicable pens<div style="display:inline-block;width:1.81px"> </div>ion laws, both<div style="display:inline-block;width:5.84px"> </div>plans have fiduciaries who,<div style="display:inline-block;width:6.11px"> </div>together with<div style="display:inline-block;width:5.03px"> </div>UBS AG,<div style="display:inline-block;width:5.56px"> </div>are responsible<div style="display:inline-block;width:5.23px"> </div>for </div><div id="a184097" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:152.8px;">the governance of the plans. </div><div id="a184099" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:175.5px;">The plan assets<div style="display:inline-block;width:1.71px"> </div>of both plans<div style="display:inline-block;width:2.01px"> </div>are invested in<div style="display:inline-block;width:2.28px"> </div>diversified portfolios<div style="display:inline-block;width:2.92px"> </div>of financial assets. Each<div style="display:inline-block;width:2.09px"> </div>plan’s fiduciaries are responsible </div><div id="a184106" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:190.7px;">for the investment decisions with<div style="display:inline-block;width:5.12px"> </div>respect to the plan assets.<div style="display:inline-block;width:4.89px"> </div></div><div id="a184108" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:213.9px;">The employer contributions to<div style="display:inline-block;width:5.1px"> </div>be made to the US defined<div style="display:inline-block;width:5.15px"> </div>benefit plans in 2023<div style="display:inline-block;width:5.05px"> </div>are estimated at USD </div><div id="a184108_99_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:585.032px;top:213.9px;">11</div><div id="a184108_101_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:600.165px;top:213.9px;">m. </div><div id="a184119" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:236.5px;">German pension plans </div><div id="a184121" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:251.7px;">There are two unfunded defined benefit plans in Germany. The normal retirement age is </div><div id="a184121_86_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:505.016px;top:251.7px;">65</div><div id="a184121_88_32" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:520.149px;top:251.7px;"><div style="display:inline-block;width:3.31px"> </div>and benefits are paid directly </div><div id="a184128" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:266.8px;">by UBS AG. In the larger<div style="display:inline-block;width:1.98px"> </div>of the two plans each participant<div style="display:inline-block;width:2.28px"> </div>accrues a percentage of salary in<div style="display:inline-block;width:2.18px"> </div>a retirement savings account. </div><div id="a184135" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:282.5px;">The accumulated account<div style="display:inline-block;width:5.04px"> </div>balance of the participant<div style="display:inline-block;width:5.45px"> </div>is credited on an<div style="display:inline-block;width:5.15px"> </div>annual basis with<div style="display:inline-block;width:5.21px"> </div>guaranteed interest at<div style="display:inline-block;width:5.21px"> </div>a rate of </div><div id="a184137" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:297.6px;">5</div><div id="a184137_1_119" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:12.472px;top:297.6px;">%. The plan has<div style="display:inline-block;width:2.15px"> </div>been closed to new entrants,<div style="display:inline-block;width:2.02px"> </div>and all participants younger than the<div style="display:inline-block;width:1.86px"> </div>age of 55 as of<div style="display:inline-block;width:2.15px"> </div>June 2021 no<div style="display:inline-block;width:2.22px"> </div>longer </div><div id="a184151" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:312.7px;">accrue<div style="display:inline-block;width:6.27px"> </div>benefits.<div style="display:inline-block;width:6.77px"> </div>In<div style="display:inline-block;width:6.25px"> </div>the<div style="display:inline-block;width:6.2px"> </div>other<div style="display:inline-block;width:6.25px"> </div>plan,<div style="display:inline-block;width:6.68px"> </div>amounts<div style="display:inline-block;width:6.97px"> </div>are<div style="display:inline-block;width:6.23px"> </div>accrued<div style="display:inline-block;width:6.94px"> </div>annually<div style="display:inline-block;width:6.34px"> </div>based<div style="display:inline-block;width:6.6px"> </div>on<div style="display:inline-block;width:6.55px"> </div>employee<div style="display:inline-block;width:6.57px"> </div>elections<div style="display:inline-block;width:6.98px"> </div>related<div style="display:inline-block;width:6.65px"> </div>to<div style="display:inline-block;width:6.2px"> </div>variable </div><div id="a184155" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:328.3px;">compensation. For this plan, the<div style="display:inline-block;width:5.04px"> </div>accumulated account balance is credited<div style="display:inline-block;width:5.06px"> </div>on an annual basis with a guaranteed<div style="display:inline-block;width:5.32px"> </div>interest </div><div id="a184156" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:343.5px;">rate of </div><div id="a184156_8_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:45.575px;top:343.5px;">6</div><div id="a184156_9_38" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:53.141px;top:343.5px;">% for amounts accrued before 2010, of </div><div id="a184156_47_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:283.446px;top:343.5px;">4</div><div id="a184156_48_47" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:291.013px;top:343.5px;">% for amounts accrued from 2010 to 2017 and of </div><div id="a184156_95_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:581.132px;top:343.5px;">0.9</div><div id="a184156_98_14" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:600.048px;top:343.5px;">% for amounts </div><div id="a184158" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:359.1px;">accrued after<div style="display:inline-block;width:5.17px"> </div>2017.<div style="display:inline-block;width:5.17px"> </div>Both plans<div style="display:inline-block;width:5.64px"> </div>are subject to<div style="display:inline-block;width:5.54px"> </div>German pension<div style="display:inline-block;width:6.04px"> </div>law,<div style="display:inline-block;width:5.09px"> </div>whereby the<div style="display:inline-block;width:5.75px"> </div>responsibility to<div style="display:inline-block;width:5.58px"> </div>pay pension<div style="display:inline-block;width:5.59px"> </div>benefits </div><div id="a184161" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:374.2px;">when they are due resides entirely with UBS AG. A portion of the<div style="display:inline-block;width:2.05px"> </div>pension payments is directly increased in line with price </div><div id="a184166" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:389.8px;">inflation.<div style="display:inline-block;width:3.91px"> </div></div><div id="a184169" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:412.6px;">In June<div style="display:inline-block;width:6.13px"> </div>2021,<div style="display:inline-block;width:5.17px"> </div>UBS<div style="display:inline-block;width:5.15px"> </div>AG implemented<div style="display:inline-block;width:5.79px"> </div>a new<div style="display:inline-block;width:6.09px"> </div>funded<div style="display:inline-block;width:5.38px"> </div>pension<div style="display:inline-block;width:5.48px"> </div>plan<div style="display:inline-block;width:5.03px"> </div>with interest<div style="display:inline-block;width:5.75px"> </div>credited<div style="display:inline-block;width:5.23px"> </div>to participants<div style="display:inline-block;width:6.09px"> </div>equal<div style="display:inline-block;width:5.03px"> </div>to actual </div><div id="a184174" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:427.7px;">investment returns<div style="display:inline-block;width:6.41px"> </div>with a<div style="display:inline-block;width:5.36px"> </div>guaranteed<div style="display:inline-block;width:5.23px"> </div>minimum of </div><div id="a184174_48_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:301.89px;top:427.7px;">0</div><div id="a184174_49_64" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:309.456px;top:427.7px;">%. The<div style="display:inline-block;width:5.61px"> </div>plan<div style="display:inline-block;width:5.03px"> </div>was implemented<div style="display:inline-block;width:5.4px"> </div>retrospectively<div style="display:inline-block;width:5.06px"> </div>for new<div style="display:inline-block;width:5.98px"> </div>hires since </div><div id="a184176" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:442.8px;">June 2018 and for all eligible<div style="display:inline-block;width:5.06px"> </div>active participants younger<div style="display:inline-block;width:5.06px"> </div>than 55 from July 2021.<div style="display:inline-block;width:5.49px"> </div>Each participant accrues a percentage </div><div id="a184180" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:458.4px;">of salary in a retirement savings account<div style="display:inline-block;width:1.49px"> </div>. </div><div id="a184183" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:481.1px;">The employer contributions to<div style="display:inline-block;width:5.1px"> </div>be made to the German defined benefit<div style="display:inline-block;width:5.04px"> </div>plans in 2023 are estimated<div style="display:inline-block;width:5.32px"> </div>at USD </div><div id="a184183_103_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:615.805px;top:481.1px;">12</div><div id="a184183_105_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:630.938px;top:481.1px;">m. </div><div id="a184206" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:503.9px;">Financial information by plan </div><div id="a184208" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:519px;">The tables<div style="display:inline-block;width:6.01px"> </div>below<div style="display:inline-block;width:5.16px"> </div>provide<div style="display:inline-block;width:5.12px"> </div>an analysis<div style="display:inline-block;width:6.34px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the movement<div style="display:inline-block;width:6.52px"> </div>in the<div style="display:inline-block;width:5.93px"> </div>net<div style="display:inline-block;width:5.25px"> </div>asset /<div style="display:inline-block;width:6.3px"> </div>liability recognized<div style="display:inline-block;width:6.91px"> </div>on<div style="display:inline-block;width:5.13px"> </div>the balance<div style="display:inline-block;width:5.93px"> </div>sheet<div style="display:inline-block;width:5.3px"> </div>for </div><div id="a184212" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:534.1px;">defined benefit plans, as well as<div style="display:inline-block;width:5.09px"> </div>an analysis of amounts recognized<div style="display:inline-block;width:5.2px"> </div>in net profit and in </div><div id="a184216" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:500.352px;top:533.9px;">Other comprehensive incom</div><div id="a184217" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:659.818px;top:534.1px;">e.</div></div><div id="TextBlockContainer1608" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:687px;height:651px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1606_XBRL_TS_89988d1ac5a2411db2df3983a6833254" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1607" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:687px;height:651px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a184259" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Defined benefit plans </div><div id="a184271" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:25.2px;">USD m </div><div id="a184274" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:329.702px;top:25.2px;">Swiss pension plan </div><div id="a184277" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:424.822px;top:25.2px;">UK pension plan </div><div id="a184280" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.568px;top:13.4px;">US and German </div><div id="a184281" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.875px;top:25.2px;">pension plans </div><div id="a184284" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:629.235px;top:25.2px;">Total </div><div id="a184288" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:343.915px;top:38px;">2022 </div><div id="a184290" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:38px;">2021 </div><div id="a184293" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.275px;top:38px;">2022 </div><div id="a184295" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.395px;top:38px;">2021 </div><div id="a184298" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.142px;top:38px;">2022 </div><div id="a184300" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.208px;top:38px;">2021 </div><div id="a184303" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:617.422px;top:38px;">2022 </div><div id="a184305" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:38px;">2021 </div><div id="a184307" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:51.7px;">Defined benefit obligation at the beginning of the year </div><div id="a184310_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:336.822px;top:51.7px;">15,480</div><div id="a184313_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.502px;top:51.7px;">15,619</div><div id="a184317_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:431.915px;top:51.7px;">4,105</div><div id="a184320_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.035px;top:51.7px;">4,162</div><div id="a184324_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:522.768px;top:51.7px;">1,740</div><div id="a184327_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:565.835px;top:51.7px;">1,905</div><div id="a184331_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.328px;top:51.7px;">21,324</div><div id="a184334_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:51.7px;">21,686</div><div id="a184337" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:65.9px;">Current service cost </div><div id="a184340_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.648px;top:65.9px;">240</div><div id="a184343_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:65.9px;">285</div><div id="a184347_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:65.9px;">0</div><div id="a184350_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:65.9px;">0</div><div id="a184354_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:65.9px;">5</div><div id="a184357_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:65.9px;">6</div><div id="a184361_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.142px;top:65.9px;">244</div><div id="a184364_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:65.9px;">291</div><div id="a184367" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:80.6px;">Interest expense </div><div id="a184370_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.648px;top:80.6px;">195</div><div id="a184373_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.555px;top:80.6px;">33</div><div id="a184377_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:444.235px;top:80.6px;">67</div><div id="a184380_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:486.328px;top:80.6px;">58</div><div id="a184384_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.075px;top:80.6px;">35</div><div id="a184387_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.128px;top:80.6px;">30</div><div id="a184391_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.142px;top:80.6px;">297</div><div id="a184394_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:80.6px;">122</div><div id="a184397" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:94.8px;">Plan participant contributions </div><div id="a184400_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.648px;top:94.8px;">154</div><div id="a184403_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:94.8px;">161</div><div id="a184407_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:94.8px;">0</div><div id="a184410_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:94.8px;">0</div><div id="a184414_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:94.8px;">0</div><div id="a184417_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:94.8px;">0</div><div id="a184421_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.142px;top:94.8px;">154</div><div id="a184424_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:94.8px;">161</div><div id="a184427" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:109px;">Remeasurements </div><div id="a184430_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:336.822px;top:109px;display:flex;">(2,424)</div><div id="a184433_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:109px;">490</div><div id="a184437_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:427.182px;top:109px;display:flex;">(1,474)</div><div id="a184440_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:486.328px;top:109px;">71</div><div id="a184444_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.142px;top:109px;display:flex;">(267)</div><div id="a184447_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.928px;top:109px;display:flex;">(62)</div><div id="a184451_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.328px;top:109px;display:flex;">(4,165)</div><div id="a184454_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:109px;">498</div><div id="a184457" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:123.6px;">of which: actuarial (gains) / losses due to changes in demographic<div style="display:inline-block;width:4.1px"> </div>assumptions </div><div id="a184460_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:358.582px;top:123.6px;">2</div><div id="a184463_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:394.555px;top:123.6px;">26</div><div id="a184467_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:444.235px;top:123.6px;display:flex;">(6)</div><div id="a184470_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:486.328px;top:123.6px;">14</div><div id="a184474_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:539.795px;top:123.6px;">1</div><div id="a184477_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:582.862px;top:123.6px;">4</div><div id="a184481_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:627.355px;top:123.6px;display:flex;">(3)</div><div id="a184484_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.408px;top:123.6px;">45</div><div id="a184487" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:137.8px;">of which: actuarial (gains) / losses due to changes in financial<div style="display:inline-block;width:3.94px"> </div>assumptions </div><div id="a184490_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:336.822px;top:138.3px;display:flex;">(2,653)</div><div id="a184493_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:384.595px;top:138.3px;display:flex;">(385)</div><div id="a184497_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:427.182px;top:138.3px;display:flex;">(1,575)</div><div id="a184500_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:138.3px;display:flex;">(3)</div><div id="a184504_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:525.142px;top:138.3px;display:flex;">(279)</div><div id="a184507_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:572.928px;top:138.3px;display:flex;">(78)</div><div id="a184511_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:610.328px;top:138.3px;display:flex;">(4,506)</div><div id="a184514_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:660.488px;top:138.3px;display:flex;">(466)</div><div id="a184517" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:152px;">of which: experience (gains) / losses</div><div id="a184518" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:142.808px;top:152.7px;">1</div><div id="a184521_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:348.648px;top:152px;">226</div><div id="a184524_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:389.355px;top:152px;">848</div><div id="a184528_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:439.008px;top:152px;">107</div><div id="a184531_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:486.328px;top:152px;">59</div><div id="a184535_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:535.075px;top:152px;">11</div><div id="a184538_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.128px;top:152px;">12</div><div id="a184542_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:622.142px;top:152px;">344</div><div id="a184545_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:665.208px;top:152px;">919</div><div id="a184548" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:166.7px;">Past service cost related to plan amendments </div><div id="a184551_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:358.582px;top:166.7px;">0</div><div id="a184554_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:399.275px;top:166.7px;">0</div><div id="a184558_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:166.7px;">0</div><div id="a184561_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:166.7px;">0</div><div id="a184565_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:166.7px;">0</div><div id="a184568_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:166.7px;">4</div><div id="a184572_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:632.075px;top:166.7px;">0</div><div id="a184575_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.142px;top:166.7px;">4</div><div id="a184578" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:180.9px;">Curtailments </div><div id="a184581_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:349.128px;top:180.9px;display:flex;">(13)</div><div id="a184584_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:180.9px;display:flex;">(49)</div><div id="a184588_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:180.9px;">0</div><div id="a184591_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:180.9px;">0</div><div id="a184595_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:180.9px;">0</div><div id="a184598_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:180.9px;">0</div><div id="a184602_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.622px;top:180.9px;display:flex;">(13)</div><div id="a184605_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:180.9px;display:flex;">(49)</div><div id="a184608" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:195.1px;">Benefit payments </div><div id="a184611_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:343.915px;top:195.1px;display:flex;">(796)</div><div id="a184614_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:195.1px;display:flex;">(602)</div><div id="a184618_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.275px;top:195.1px;display:flex;">(123)</div><div id="a184621_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.395px;top:195.1px;display:flex;">(148)</div><div id="a184625_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.142px;top:195.1px;display:flex;">(111)</div><div id="a184628_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.208px;top:195.1px;display:flex;">(112)</div><div id="a184632_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.328px;top:195.1px;display:flex;">(1,030)</div><div id="a184635_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:195.1px;display:flex;">(862)</div><div id="a184638" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:209.8px;">Other movements </div><div id="a184641_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:353.848px;top:209.8px;display:flex;">(5)</div><div id="a184644_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:399.275px;top:209.8px;">0</div><div id="a184648_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:209.8px;">0</div><div id="a184651_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:209.8px;">0</div><div id="a184655_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:209.8px;">0</div><div id="a184658_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:209.8px;">1</div><div id="a184662_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:627.355px;top:209.8px;display:flex;">(5)</div><div id="a184665_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.142px;top:209.8px;">1</div><div id="a184668" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:223.9px;">Foreign currency translation </div><div id="a184671_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:343.915px;top:223.9px;display:flex;">(291)</div><div id="a184674_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:223.9px;display:flex;">(456)</div><div id="a184678_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.275px;top:223.9px;display:flex;">(408)</div><div id="a184681_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.128px;top:223.9px;display:flex;">(38)</div><div id="a184685_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:530.342px;top:223.9px;display:flex;">(28)</div><div id="a184688_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.928px;top:223.9px;display:flex;">(33)</div><div id="a184692_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:617.422px;top:223.9px;display:flex;">(727)</div><div id="a184695_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:223.9px;display:flex;">(527)</div><div id="a184698" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:237.7px;">Defined benefit obligation at the<div style="display:inline-block;width:3.8px"> </div>end of the year </div><div id="a184701_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:336.822px;top:237.7px;">12,539</div><div id="a184704_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.502px;top:237.7px;">15,480</div><div id="a184708_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:431.915px;top:237.7px;">2,166</div><div id="a184711_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.035px;top:237.7px;">4,105</div><div id="a184715_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:522.768px;top:237.7px;">1,375</div><div id="a184718_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:565.835px;top:237.7px;">1,740</div><div id="a184722_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.328px;top:237.7px;">16,080</div><div id="a184725_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:237.7px;">21,324</div><div id="a184728" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:251.8px;">of which: amounts owed to active members </div><div id="a184731_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:341.555px;top:251.8px;">7,103</div><div id="a184734_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.222px;top:251.8px;">8,604</div><div id="a184738_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:444.235px;top:251.8px;">65</div><div id="a184741_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:481.128px;top:251.8px;">150</div><div id="a184745_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:529.862px;top:251.8px;">169</div><div id="a184748_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:572.928px;top:251.8px;">222</div><div id="a184752_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:615.048px;top:251.8px;">7,336</div><div id="a184755_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:658.115px;top:251.8px;">8,976</div><div id="a184758" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:266.1px;">of which: amounts owed to deferred members </div><div id="a184761_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:358.582px;top:266.1px;">0</div><div id="a184764_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.275px;top:266.1px;">0</div><div id="a184768_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:439.008px;top:266.1px;">656</div><div id="a184771_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:474.035px;top:266.1px;">1,593</div><div id="a184775_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:529.862px;top:266.1px;">528</div><div id="a184778_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:572.928px;top:266.1px;">669</div><div id="a184782_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:615.048px;top:266.1px;">1,184</div><div id="a184785_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:658.115px;top:266.1px;">2,262</div><div id="a184788" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:280.7px;">of which: amounts owed to retirees </div><div id="a184791_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:341.555px;top:280.7px;">5,436</div><div id="a184794_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.222px;top:280.7px;">6,876</div><div id="a184798_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:431.915px;top:280.7px;">1,445</div><div id="a184801_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:474.035px;top:280.7px;">2,362</div><div id="a184805_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:529.862px;top:280.7px;">678</div><div id="a184808_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:572.928px;top:280.7px;">849</div><div id="a184812_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:615.048px;top:280.7px;">7,560</div><div id="a184815_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:653.395px;top:280.7px;">10,086</div><div id="a184818" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:294.4px;">of which: funded plans </div><div id="a184821_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:336.822px;top:294.4px;">12,539</div><div id="a184824_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:377.502px;top:294.4px;">15,480</div><div id="a184828_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:431.915px;top:294.4px;">2,166</div><div id="a184831_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:474.035px;top:294.4px;">4,105</div><div id="a184835_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:522.768px;top:294.4px;">1,011</div><div id="a184838_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:565.835px;top:294.4px;">1,222</div><div id="a184842_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:610.328px;top:294.4px;">15,717</div><div id="a184845_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:653.395px;top:294.4px;">20,806</div><div id="a184848" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:308.6px;">of which: unfunded plans </div><div id="a184851_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:358.582px;top:308.6px;">0</div><div id="a184854_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.275px;top:308.6px;">0</div><div id="a184858_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:448.968px;top:308.6px;">0</div><div id="a184861_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:491.062px;top:308.6px;">0</div><div id="a184865_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:529.862px;top:308.6px;">363</div><div id="a184868_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:572.928px;top:308.6px;">518</div><div id="a184872_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:622.142px;top:308.6px;">363</div><div id="a184875_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:665.208px;top:308.6px;">518</div><div id="a184878" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:322.8px;">Fair value of plan assets at the beginning<div style="display:inline-block;width:4.12px"> </div>of the year </div><div id="a184881_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:336.822px;top:322.8px;">19,196</div><div id="a184884_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.502px;top:322.8px;">18,358</div><div id="a184888_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:431.915px;top:322.8px;">4,297</div><div id="a184891_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.035px;top:322.8px;">4,149</div><div id="a184895_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:522.768px;top:322.8px;">1,329</div><div id="a184898_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:565.835px;top:322.8px;">1,360</div><div id="a184902_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.328px;top:322.8px;">24,821</div><div id="a184905_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:322.8px;">23,867</div><div id="a184908" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:337.5px;">Return on plan assets excluding interest income </div><div id="a184911_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:336.822px;top:337.5px;display:flex;">(1,942)</div><div id="a184914_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:382.222px;top:337.5px;">1,319</div><div id="a184918_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:427.182px;top:337.5px;display:flex;">(1,312)</div><div id="a184921_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.128px;top:337.5px;">277</div><div id="a184925_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.142px;top:337.5px;display:flex;">(223)</div><div id="a184928_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.128px;top:337.5px;">40</div><div id="a184932_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.328px;top:337.5px;display:flex;">(3,476)</div><div id="a184935_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:337.5px;">1,637</div><div id="a184938" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:351.7px;">Interest income </div><div id="a184941_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.648px;top:351.7px;">274</div><div id="a184944_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.555px;top:351.7px;">42</div><div id="a184948_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:444.235px;top:351.7px;">70</div><div id="a184951_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:486.328px;top:351.7px;">58</div><div id="a184955_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.075px;top:351.7px;">31</div><div id="a184958_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.128px;top:351.7px;">26</div><div id="a184962_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.142px;top:351.7px;">376</div><div id="a184965_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:351.7px;">127</div><div id="a184968" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:365.9px;">Employer contributions<div style="display:inline-block;width:3.08px"> </div></div><div id="a184971_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.648px;top:365.9px;">401</div><div id="a184974_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:365.9px;">450</div><div id="a184978_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:365.9px;">5</div><div id="a184981_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:365.9px;">0</div><div id="a184985_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.075px;top:365.9px;">16</div><div id="a184988_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.128px;top:365.9px;">16</div><div id="a184992_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.142px;top:365.9px;">422</div><div id="a184995_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:365.9px;">466</div><div id="a184998" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:380.1px;">Plan participant contributions </div><div id="a185001_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.648px;top:380.1px;">154</div><div id="a185004_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:380.1px;">161</div><div id="a185008_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:380.1px;">0</div><div id="a185011_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:380.1px;">0</div><div id="a185015_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:380.1px;">0</div><div id="a185018_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:380.1px;">0</div><div id="a185022_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.142px;top:380.1px;">154</div><div id="a185025_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:380.1px;">161</div><div id="a185028" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:394.7px;">Benefit payments </div><div id="a185031_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:343.915px;top:394.7px;display:flex;">(796)</div><div id="a185034_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:394.7px;display:flex;">(602)</div><div id="a185038_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.275px;top:394.7px;display:flex;">(123)</div><div id="a185041_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.395px;top:394.7px;display:flex;">(148)</div><div id="a185045_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.142px;top:394.7px;display:flex;">(111)</div><div id="a185048_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.208px;top:394.7px;display:flex;">(112)</div><div id="a185052_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.328px;top:394.7px;display:flex;">(1,030)</div><div id="a185055_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:394.7px;display:flex;">(862)</div><div id="a185058" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:408.9px;">Administration expenses, taxes and premiums paid </div><div id="a185061_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:353.848px;top:408.9px;display:flex;">(7)</div><div id="a185064_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.075px;top:408.9px;display:flex;">(8)</div><div id="a185068_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:408.9px;">0</div><div id="a185071_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:408.9px;">0</div><div id="a185075_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.075px;top:408.9px;display:flex;">(3)</div><div id="a185078_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.662px;top:408.9px;display:flex;">(4)</div><div id="a185082_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.622px;top:408.9px;display:flex;">(11)</div><div id="a185085_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:408.9px;display:flex;">(11)</div><div id="a185088" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:423.1px;">Other movements </div><div id="a185091_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:353.848px;top:423.1px;display:flex;">(1)</div><div id="a185094_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:399.275px;top:423.1px;">0</div><div id="a185098_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:423.1px;">0</div><div id="a185101_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:423.1px;">0</div><div id="a185105_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:423.1px;">0</div><div id="a185108_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:423.1px;">1</div><div id="a185112_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:627.355px;top:423.1px;display:flex;">(1)</div><div id="a185115_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.142px;top:423.1px;">1</div><div id="a185118" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:437.8px;">Foreign currency translation </div><div id="a185121_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:343.915px;top:437.8px;display:flex;">(322)</div><div id="a185124_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:437.8px;display:flex;">(524)</div><div id="a185128_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.275px;top:437.8px;display:flex;">(450)</div><div id="a185131_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.128px;top:437.8px;display:flex;">(39)</div><div id="a185135_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:437.8px;">0</div><div id="a185138_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:437.8px;">0</div><div id="a185142_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:617.422px;top:437.8px;display:flex;">(772)</div><div id="a185145_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:437.8px;display:flex;">(563)</div><div id="a185148" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:451.5px;">Fair value of plan assets<div style="display:inline-block;width:3.86px"> </div>at the end of the year </div><div id="a185151_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:336.822px;top:451.5px;">16,957</div><div id="a185154_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.502px;top:451.5px;">19,196</div><div id="a185158_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:431.915px;top:451.5px;">2,488</div><div id="a185161_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.035px;top:451.5px;">4,297</div><div id="a185165_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:522.768px;top:451.5px;">1,039</div><div id="a185168_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:565.835px;top:451.5px;">1,329</div><div id="a185172_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.328px;top:451.5px;">20,484</div><div id="a185175_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:451.5px;">24,821</div><div id="a185178" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:465.7px;">Surplus / (deficit) </div><div id="a185181_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.555px;top:465.7px;">4,418</div><div id="a185184_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:382.222px;top:465.7px;">3,716</div><div id="a185188_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:439.008px;top:465.7px;">321</div><div id="a185191_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.128px;top:465.7px;">192</div><div id="a185195_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.142px;top:465.7px;display:flex;">(335)</div><div id="a185198_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.208px;top:465.7px;display:flex;">(411)</div><div id="a185202_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:615.048px;top:465.7px;">4,404</div><div id="a185205_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:465.7px;">3,497</div><div id="a185208" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:479.9px;">Asset ceiling effect at the beginning of the year </div><div id="a185211_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.555px;top:479.9px;">3,716</div><div id="a185214_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:382.222px;top:479.9px;">2,739</div><div id="a185218_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:479.9px;">0</div><div id="a185221_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:479.9px;">0</div><div id="a185225_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:479.9px;">0</div><div id="a185228_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:479.9px;">0</div><div id="a185232_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:615.048px;top:479.9px;">3,716</div><div id="a185235_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:479.9px;">2,739</div><div id="a185238" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:494.6px;">Interest expense on asset ceiling effect </div><div id="a185241_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:353.848px;top:494.6px;">77</div><div id="a185244_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:399.275px;top:494.6px;">8</div><div id="a185248_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:494.6px;">0</div><div id="a185251_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:494.6px;">0</div><div id="a185255_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:494.6px;">0</div><div id="a185258_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:494.6px;">0</div><div id="a185262_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:627.355px;top:494.6px;">77</div><div id="a185265_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.142px;top:494.6px;">8</div><div id="a185268" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:507.8px;">Asset ceiling effect excluding interest expense and foreign<div style="display:inline-block;width:3.76px"> </div>currency translation on </div><div id="a185269" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:519.6px;">asset ceiling effect </div><div id="a185272_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.648px;top:519.6px;">656</div><div id="a185275_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:382.222px;top:519.6px;">1,037</div><div id="a185279_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:519.6px;">0</div><div id="a185282_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:519.6px;">0</div><div id="a185286_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:519.6px;">0</div><div id="a185289_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:519.6px;">0</div><div id="a185293_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.142px;top:519.6px;">656</div><div id="a185296_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:519.6px;">1,037</div><div id="a185299" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:533.4px;">Foreign currency translation </div><div id="a185302_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:349.128px;top:533.4px;display:flex;">(31)</div><div id="a185305_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:533.4px;display:flex;">(68)</div><div id="a185309_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:533.4px;">0</div><div id="a185312_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:533.4px;">0</div><div id="a185316_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:533.4px;">0</div><div id="a185319_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:533.4px;">0</div><div id="a185323_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.622px;top:533.4px;display:flex;">(31)</div><div id="a185326_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:533.4px;display:flex;">(68)</div><div id="a185329" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:547.1px;">Asset ceiling effect at the end of the year </div><div id="a185332_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.555px;top:547.1px;">4,418</div><div id="a185335_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:382.222px;top:547.1px;">3,716</div><div id="a185339_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:547.1px;">0</div><div id="a185342_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:547.1px;">0</div><div id="a185346_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:547.1px;">0</div><div id="a185349_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:547.1px;">0</div><div id="a185353_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:615.048px;top:547.1px;">4,418</div><div id="a185356_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:547.1px;">3,716</div><div id="a185359" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:561.2px;">Net defined benefit asset / (liability) of<div style="display:inline-block;width:4.07px"> </div>major plans </div><div id="a185362_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:358.582px;top:561.2px;">0</div><div id="a185365_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:399.275px;top:561.2px;">0</div><div id="a185369_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:439.008px;top:561.2px;">321</div><div id="a185372_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.128px;top:561.2px;">192</div><div id="a185376_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.142px;top:561.2px;display:flex;">(335)</div><div id="a185379_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.208px;top:561.2px;display:flex;">(411)</div><div id="a185383_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.622px;top:561.2px;display:flex;">(14)</div><div id="a185386_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:561.2px;display:flex;">(219)</div><div id="a185389" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:575px;">Net defined benefit asset / (liability) of remaining<div style="display:inline-block;width:4.43px"> </div>plans </div><div id="a185401_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.622px;top:575px;display:flex;">(80)</div><div id="a185404_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:575px;display:flex;">(96)</div><div id="a185407" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:589.2px;">Total net defined benefit<div style="display:inline-block;width:4.06px"> </div>asset / (liability) </div><div id="a185420_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.622px;top:589.2px;display:flex;">(94)</div><div id="a185423_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:589.2px;display:flex;">(315)</div><div id="a185426" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:604.3px;">of which: Net defined benefit asset </div><div id="a185438_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:622.142px;top:604.3px;">355</div><div id="a185441_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:665.208px;top:604.3px;">302</div><div id="a185444" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:619px;">of which: Net defined benefit liability</div><div id="a185446" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:146.595px;top:619.6px;">2</div><div id="a185458_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:617.422px;top:619px;display:flex;">(449)</div><div id="a185461_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:660.488px;top:619px;display:flex;">(617)</div><div id="a185464" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:632.6px;">1 Experience (gains)<div style="display:inline-block;width:3.69px"> </div>/ losses<div style="display:inline-block;width:3.46px"> </div>are a component<div style="display:inline-block;width:4.41px"> </div>of actuarial remeasurements<div style="display:inline-block;width:4.89px"> </div>of the defined<div style="display:inline-block;width:3.64px"> </div>benefit obligation<div style="display:inline-block;width:3.61px"> </div>and reflect<div style="display:inline-block;width:4.11px"> </div>the effects<div style="display:inline-block;width:3.54px"> </div>of differences between<div style="display:inline-block;width:4.43px"> </div>the previous actuarial<div style="display:inline-block;width:4.41px"> </div>assumptions and<div style="display:inline-block;width:3.62px"> </div>what has actually </div><div id="a185468" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:642.5px;">occurred.<div style="display:inline-block;width:8.36px"> </div>2 Refer to Note 18c.</div></div></div></div><div id="TextBlockContainer1612" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:488px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1610_XBRL_TS_46a66133b67144ecaf10080bab703589" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1611" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:488px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a185510" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:2.8px;">Income statement – expenses related<div style="display:inline-block;width:3.78px"> </div>to defined benefit plans</div><div id="a185514" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:227.47px;top:3.5px;">1</div><div id="a185528" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:28.4px;">USD m </div><div id="a185531" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:329.204px;top:28.4px;">Swiss pension plan </div><div id="a185534" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:424.324px;top:28.4px;">UK pension plan </div><div id="a185537" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.07px;top:16.6px;">US and German </div><div id="a185538" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.377px;top:28.4px;">pension plans </div><div id="a185541" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.737px;top:28.4px;">Total </div><div id="a185543" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:41.6px;">For the year ended </div><div id="a185546" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:329.204px;top:41.6px;">31.12.22 </div><div id="a185548" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:369.91px;top:41.6px;">31.12.21 </div><div id="a185551" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:419.59px;top:41.6px;">31.12.22 </div><div id="a185553" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:461.71px;top:41.6px;">31.12.21 </div><div id="a185556" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:510.457px;top:41.6px;">31.12.22 </div><div id="a185558" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.524px;top:41.6px;">31.12.21 </div><div id="a185561" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:602.737px;top:41.6px;">31.12.22 </div><div id="a185563" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.764px;top:41.6px;">31.12.21 </div><div id="a185565" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:56.3px;">Current service cost </div><div id="a185568_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.15px;top:56.3px;">240</div><div id="a185571_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.857px;top:56.3px;">285</div><div id="a185575_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.47px;top:56.3px;">0</div><div id="a185578_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.564px;top:56.3px;">0</div><div id="a185582_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:56.3px;">5</div><div id="a185585_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:56.3px;">6</div><div id="a185589_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:621.644px;top:56.3px;">244</div><div id="a185592_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.71px;top:56.3px;">291</div><div id="a185595" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:71.9px;">Interest expense related to defined benefit obligation </div><div id="a185598_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.15px;top:71.9px;">195</div><div id="a185601_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.057px;top:71.9px;">33</div><div id="a185605_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:443.737px;top:71.9px;">67</div><div id="a185608_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.83px;top:71.9px;">58</div><div id="a185612_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:534.577px;top:71.9px;">35</div><div id="a185615_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:71.9px;">30</div><div id="a185619_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:621.644px;top:71.9px;">297</div><div id="a185622_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.71px;top:71.9px;">122</div><div id="a185625" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:87px;">Interest income related to plan assets </div><div id="a185628_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:343.417px;top:87px;display:flex;">(274)</div><div id="a185631_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.857px;top:87px;display:flex;">(42)</div><div id="a185635_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.977px;top:87px;display:flex;">(70)</div><div id="a185638_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.63px;top:87px;display:flex;">(58)</div><div id="a185642_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.844px;top:87px;display:flex;">(31)</div><div id="a185645_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:87px;display:flex;">(26)</div><div id="a185649_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:616.924px;top:87px;display:flex;">(376)</div><div id="a185652_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.99px;top:87px;display:flex;">(127)</div><div id="a185655" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:102.6px;">Interest expense on asset ceiling effect </div><div id="a185658_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:353.35px;top:102.6px;">77</div><div id="a185661_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:398.777px;top:102.6px;">8</div><div id="a185665_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.47px;top:102.6px;">0</div><div id="a185668_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.564px;top:102.6px;">0</div><div id="a185672_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:102.6px;">0</div><div id="a185675_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:102.6px;">0</div><div id="a185679_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:626.857px;top:102.6px;">77</div><div id="a185682_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.644px;top:102.6px;">8</div><div id="a185685" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:117.8px;">Administration expenses, taxes and premiums paid </div><div id="a185688_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:358.084px;top:117.8px;">7</div><div id="a185691_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:398.777px;top:117.8px;">8</div><div id="a185695_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.47px;top:117.8px;">0</div><div id="a185698_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.564px;top:117.8px;">0</div><div id="a185702_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:117.8px;">3</div><div id="a185705_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:117.8px;">4</div><div id="a185709_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:626.857px;top:117.8px;">11</div><div id="a185712_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.91px;top:117.8px;">11</div><div id="a185715" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:132.9px;">Past service cost related to plan amendments </div><div id="a185718_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:358.084px;top:132.9px;">0</div><div id="a185721_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:398.777px;top:132.9px;">0</div><div id="a185725_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.47px;top:132.9px;">0</div><div id="a185728_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.564px;top:132.9px;">0</div><div id="a185732_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:132.9px;">0</div><div id="a185735_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:132.9px;">4</div><div id="a185739_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:631.577px;top:132.9px;">0</div><div id="a185742_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.644px;top:132.9px;">4</div><div id="a185745" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:148.6px;">Curtailments </div><div id="a185748_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.63px;top:148.6px;display:flex;">(13)</div><div id="a185751_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.857px;top:148.6px;display:flex;">(49)</div><div id="a185755_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.47px;top:148.6px;">0</div><div id="a185758_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.564px;top:148.6px;">0</div><div id="a185762_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:148.6px;">0</div><div id="a185765_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:148.6px;">0</div><div id="a185769_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.124px;top:148.6px;display:flex;">(13)</div><div id="a185772_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.71px;top:148.6px;display:flex;">(49)</div><div id="a185775" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:163.2px;">Net periodic expenses recognized in net<div style="display:inline-block;width:3.92px"> </div>profit for major plans </div><div id="a185778_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.15px;top:163.2px;">230</div><div id="a185781_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.857px;top:163.2px;">243</div><div id="a185785_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:443.737px;top:163.2px;display:flex;">(3)</div><div id="a185788_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.564px;top:163.2px;">0</div><div id="a185792_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:534.577px;top:163.2px;">12</div><div id="a185795_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:163.2px;">18</div><div id="a185799_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:621.644px;top:163.2px;">239</div><div id="a185802_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.71px;top:163.2px;">261</div><div id="a185805" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:178.3px;">Net periodic expenses recognized in net<div style="display:inline-block;width:3.92px"> </div>profit for remaining plans</div><div id="a185806" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:242.63px;top:179px;">2</div><div id="a185818_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:626.857px;top:178.3px;">17</div><div id="a185821_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.91px;top:178.3px;">19</div><div id="a185824" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:194px;">Total net periodic<div style="display:inline-block;width:3.71px"> </div>expenses recognized in net profit </div><div id="a185836_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:621.644px;top:194px;">256</div><div id="a185839_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.71px;top:194px;">280</div><div id="a185842" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:208.5px;">1 Refer to Note 6.<div style="display:inline-block;width:9.06px"> </div>2 Includes differences between<div style="display:inline-block;width:3.83px"> </div>actual and estimated performance<div style="display:inline-block;width:4.12px"> </div>award accruals. </div><div id="a185858" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:233.7px;">Other comprehensive income – gains /<div style="display:inline-block;width:3.94px"> </div>(losses) on defined benefit plans<div style="display:inline-block;width:3.14px"> </div></div><div id="a185869" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:258.8px;">USD m </div><div id="a185872" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:329.204px;top:258.8px;">Swiss pension plan </div><div id="a185875" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:424.324px;top:258.8px;">UK pension plan </div><div id="a185878" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.07px;top:247px;">US and German </div><div id="a185879" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.377px;top:258.8px;">pension plans </div><div id="a185882" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.737px;top:258.8px;">Total </div><div id="a185884" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:272.5px;">For the year ended </div><div id="a185887" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:329.204px;top:272.5px;">31.12.22 </div><div id="a185889" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:369.91px;top:272.5px;">31.12.21 </div><div id="a185892" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:419.59px;top:272.5px;">31.12.22 </div><div id="a185894" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:461.71px;top:272.5px;">31.12.21 </div><div id="a185897" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:510.457px;top:272.5px;">31.12.22 </div><div id="a185899" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.524px;top:272.5px;">31.12.21 </div><div id="a185902" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:602.737px;top:272.5px;">31.12.22 </div><div id="a185904" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.764px;top:272.5px;">31.12.21 </div><div id="a185906" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:287.2px;">Remeasurement of defined benefit obligation </div><div id="a185909_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.057px;top:287.2px;">2,424</div><div id="a185912_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:287.2px;display:flex;">(490)</div><div id="a185916_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:431.417px;top:287.2px;">1,474</div><div id="a185919_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.63px;top:287.2px;display:flex;">(71)</div><div id="a185923_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.364px;top:287.2px;">267</div><div id="a185926_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:287.2px;">62</div><div id="a185930_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:614.55px;top:287.2px;">4,165</div><div id="a185933_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.99px;top:287.2px;display:flex;">(498)</div><div id="a185936" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:302.3px;">of which: change in discount rate assumption </div><div id="a185939_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:341.057px;top:302.3px;">3,078</div><div id="a185942_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:388.857px;top:302.3px;">494</div><div id="a185946_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:431.417px;top:302.3px;">1,451</div><div id="a185949_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:480.63px;top:302.3px;">319</div><div id="a185953_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:529.364px;top:302.3px;">317</div><div id="a185956_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:577.63px;top:302.3px;">77</div><div id="a185960_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:614.55px;top:302.3px;">4,846</div><div id="a185963_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.71px;top:302.3px;">890</div><div id="a185966" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:317.4px;">of which: change in rate of pension increase<div style="display:inline-block;width:3.79px"> </div>assumption </div><div id="a185969_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:358.084px;top:317.4px;">0</div><div id="a185972_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:398.777px;top:317.4px;">0</div><div id="a185976_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:438.51px;top:317.4px;">123</div><div id="a185979_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:475.897px;top:317.4px;display:flex;">(316)</div><div id="a185983_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:534.577px;top:317.4px;display:flex;">(5)</div><div id="a185986_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:577.164px;top:317.4px;display:flex;">(1)</div><div id="a185990_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:621.644px;top:317.4px;">118</div><div id="a185993_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:659.99px;top:317.4px;display:flex;">(318)</div><div id="a185996" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:333px;">of which: change in rate of interest credit on<div style="display:inline-block;width:3.83px"> </div>retirement savings assumption </div><div id="a185999_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:343.417px;top:333px;display:flex;">(408)</div><div id="a186002_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:384.097px;top:333px;display:flex;">(110)</div><div id="a186006_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:448.47px;top:333px;">0</div><div id="a186009_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:490.564px;top:333px;">0</div><div id="a186013_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:529.844px;top:333px;display:flex;">(82)</div><div id="a186016_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:577.164px;top:333px;display:flex;">(1)</div><div id="a186020_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:616.924px;top:333px;display:flex;">(490)</div><div id="a186023_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:659.99px;top:333px;display:flex;">(110)</div><div id="a186026" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:348.2px;">of which: change in life expectancy </div><div id="a186029_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:358.084px;top:348.2px;">0</div><div id="a186032_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:398.777px;top:348.2px;">0</div><div id="a186036_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:448.47px;top:348.2px;">5</div><div id="a186039_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:490.564px;top:348.2px;">9</div><div id="a186043_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:534.577px;top:348.2px;display:flex;">(1)</div><div id="a186046_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:577.164px;top:348.2px;display:flex;">(3)</div><div id="a186050_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:631.577px;top:348.2px;">4</div><div id="a186053_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:674.644px;top:348.2px;">5</div><div id="a186056" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:363.8px;">of which: change in other actuarial assumptions </div><div id="a186059_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:348.63px;top:363.8px;display:flex;">(19)</div><div id="a186062_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:388.857px;top:363.8px;display:flex;">(26)</div><div id="a186066_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:448.47px;top:363.8px;">1</div><div id="a186069_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:480.63px;top:363.8px;display:flex;">(23)</div><div id="a186073_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:534.577px;top:363.8px;">48</div><div id="a186076_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:582.364px;top:363.8px;">2</div><div id="a186080_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:626.857px;top:363.8px;">30</div><div id="a186083_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.71px;top:363.8px;display:flex;">(47)</div><div id="a186086" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:379px;">of which: experience gains / (losses)</div><div id="a186087" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:142.31px;top:379.6px;">1</div><div id="a186090_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:343.417px;top:379px;display:flex;">(226)</div><div id="a186093_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:384.097px;top:379px;display:flex;">(848)</div><div id="a186097_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:433.777px;top:379px;display:flex;">(107)</div><div id="a186100_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:480.63px;top:379px;display:flex;">(59)</div><div id="a186104_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:529.844px;top:379px;display:flex;">(11)</div><div id="a186107_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:572.43px;top:379px;display:flex;">(12)</div><div id="a186111_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:616.924px;top:379px;display:flex;">(344)</div><div id="a186114_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:659.99px;top:379px;display:flex;">(919)</div><div id="a186117" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:394.6px;">Return on plan assets excluding interest income </div><div id="a186120_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:336.324px;top:394.6px;display:flex;">(1,942)</div><div id="a186123_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:381.724px;top:394.6px;">1,319</div><div id="a186127_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:426.684px;top:394.6px;display:flex;">(1,312)</div><div id="a186130_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.63px;top:394.6px;">277</div><div id="a186134_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:524.644px;top:394.6px;display:flex;">(223)</div><div id="a186137_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:394.6px;">40</div><div id="a186141_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:609.83px;top:394.6px;display:flex;">(3,476)</div><div id="a186144_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.617px;top:394.6px;">1,637</div><div id="a186147" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:409.2px;">Asset ceiling effect excluding interest expense and foreign<div style="display:inline-block;width:3.76px"> </div>currency translation </div><div id="a186150_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:343.417px;top:409.2px;display:flex;">(656)</div><div id="a186153_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:376.524px;top:409.2px;display:flex;">(1,037)</div><div id="a186157_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.47px;top:409.2px;">0</div><div id="a186160_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.564px;top:409.2px;">0</div><div id="a186164_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:409.2px;">0</div><div id="a186167_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:409.2px;">0</div><div id="a186171_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:616.924px;top:409.2px;display:flex;">(656)</div><div id="a186174_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.417px;top:409.2px;display:flex;">(1,037)</div><div id="a186177" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:423.4px;">Total gains / (losses) recognized<div style="display:inline-block;width:4.38px"> </div>in other comprehensive income for major plans </div><div id="a186180_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:343.417px;top:423.4px;display:flex;">(173)</div><div id="a186183_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:423.4px;display:flex;">(207)</div><div id="a186187_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.51px;top:423.4px;">162</div><div id="a186190_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.63px;top:423.4px;">207</div><div id="a186194_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:534.577px;top:423.4px;">43</div><div id="a186197_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:423.4px;">102</div><div id="a186201_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:626.857px;top:423.4px;">32</div><div id="a186204_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.71px;top:423.4px;">102</div><div id="a186207" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:438.6px;">Total gains / (losses) recognized<div style="display:inline-block;width:4.38px"> </div>in other comprehensive income for remaining plans </div><div id="a186219_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:631.577px;top:438.6px;">8</div><div id="a186222_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.91px;top:438.6px;">31</div><div id="a186225" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:454.2px;">Total gains / (losses) recognized<div style="display:inline-block;width:4.38px"> </div>in other comprehensive income</div><div id="a186226" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:235.057px;top:454.8px;">2</div><div id="a186238_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:626.857px;top:454.2px;">40</div><div id="a186241_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.71px;top:454.2px;">133</div><div id="a186244" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:468.7px;">1 Experience<div style="display:inline-block;width:3.36px"> </div>(gains) / losses<div style="display:inline-block;width:3.79px"> </div>are a component<div style="display:inline-block;width:4.41px"> </div>of actuarial remeasurements<div style="display:inline-block;width:4.89px"> </div>of the defined<div style="display:inline-block;width:3.64px"> </div>benefit obligation<div style="display:inline-block;width:3.61px"> </div>and reflect<div style="display:inline-block;width:4.11px"> </div>the effects of<div style="display:inline-block;width:3.64px"> </div>differences between<div style="display:inline-block;width:4.35px"> </div>the previous actuarial<div style="display:inline-block;width:4.41px"> </div>assumptions and<div style="display:inline-block;width:3.62px"> </div>what has actually </div><div id="a186247" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:479.1px;">occurred.<div style="display:inline-block;width:8.36px"> </div>2 Refer to the “Statement<div style="display:inline-block;width:3.98px"> </div>of comprehensive income.”</div></div></div></div><div id="TextBlockContainer1614" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:674px;height:14px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a186252" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">The table below provides<div style="display:inline-block;width:5.08px"> </div>information about the duration of<div style="display:inline-block;width:5.36px"> </div>the DBO and the timing for expected benefit payments.</div></div><div id="TextBlockContainer1618" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:194px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1616_XBRL_TS_6a3e9a053aed4d9cb52e1df874f17375" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1617" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:194px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a186260" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:11.8px;">Swiss pension plan </div><div id="a186263" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:494.844px;top:11.8px;">UK pension plan </div><div id="a186266" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:586.617px;top:0px;">US and German pension </div><div id="a186267" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:619.284px;top:11.8px;">plans</div><div id="a186268" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:638.204px;top:12.5px;">1</div><div id="a186272" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:382.204px;top:26px;">31.12.22 </div><div id="a186274" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:432.364px;top:26px;">31.12.21 </div><div id="a186277" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:488.19px;top:26px;">31.12.22 </div><div id="a186279" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:538.35px;top:26px;">31.12.21 </div><div id="a186282" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:594.19px;top:26px;">31.12.22 </div><div id="a186284" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.35px;top:26px;">31.12.21 </div><div id="a186286" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:41.7px;">Duration of the defined benefit<div style="display:inline-block;width:3.75px"> </div>obligation (in years) </div><div id="a186289_1_4" style="position:absolute;font-family:'Frutiger 47 CN';color:#9A3D37;left:398.777px;top:41.7px;">13.4</div><div id="a186292_1_4" style="position:absolute;font-family:'Frutiger 47 CN';left:448.937px;top:41.7px;">15.5</div><div id="a186296_1_4" style="position:absolute;font-family:'Frutiger 47 CN';color:#9A3D37;left:504.777px;top:41.7px;">13.7</div><div id="a186299_1_4" style="position:absolute;font-family:'Frutiger 47 CN';left:554.937px;top:41.7px;">18.8</div><div id="a186303_1_3" style="position:absolute;font-family:'Frutiger 47 CN';color:#9A3D37;left:615.497px;top:41.7px;">7.9</div><div id="a186306_1_3" style="position:absolute;font-family:'Frutiger 47 CN';left:666.137px;top:41.7px;">9.5</div><div id="a186309" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:57.3px;">Maturity analysis of benefits expected<div style="display:inline-block;width:3.72px"> </div>to be paid </div><div id="a186320" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:72.9px;">USD m </div><div id="a186331" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:88.5px;">Benefits expected to be paid within 12 months </div><div id="a186334_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:401.15px;top:88.5px;">702</div><div id="a186337_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.31px;top:88.5px;">719</div><div id="a186341_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:507.137px;top:88.5px;">107</div><div id="a186344_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:557.297px;top:88.5px;">110</div><div id="a186348_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.137px;top:88.5px;">123</div><div id="a186351_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:88.5px;">123</div><div id="a186354" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:105px;">Benefits expected to be paid between<div style="display:inline-block;width:3.74px"> </div>1 and 3 years </div><div id="a186357_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:394.057px;top:105px;">1,445</div><div id="a186360_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:105px;">1,440</div><div id="a186364_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:507.137px;top:105px;">234</div><div id="a186367_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:557.297px;top:105px;">248</div><div id="a186371_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.137px;top:105px;">232</div><div id="a186374_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:105px;">237</div><div id="a186377" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:121.1px;">Benefits expected to be paid between<div style="display:inline-block;width:3.74px"> </div>3 and 6 years </div><div id="a186380_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:394.057px;top:121.1px;">2,183</div><div id="a186383_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:121.1px;">2,097</div><div id="a186387_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:507.137px;top:121.1px;">384</div><div id="a186390_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:557.297px;top:121.1px;">418</div><div id="a186394_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.137px;top:121.1px;">335</div><div id="a186397_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:121.1px;">338</div><div id="a186400" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:137.7px;">Benefits expected to be paid between<div style="display:inline-block;width:3.74px"> </div>6 and 11 years </div><div id="a186403_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:394.057px;top:137.7px;">3,751</div><div id="a186406_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:137.7px;">3,467</div><div id="a186410_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:507.137px;top:137.7px;">667</div><div id="a186413_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:557.297px;top:137.7px;">743</div><div id="a186417_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.137px;top:137.7px;">502</div><div id="a186420_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:137.7px;">495</div><div id="a186423" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:153.8px;">Benefits expected to be paid between<div style="display:inline-block;width:3.74px"> </div>11 and 16 years </div><div id="a186426_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:394.057px;top:153.8px;">3,519</div><div id="a186429_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:153.8px;">3,156</div><div id="a186433_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:507.137px;top:153.8px;">667</div><div id="a186436_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:557.297px;top:153.8px;">751</div><div id="a186440_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.137px;top:153.8px;">388</div><div id="a186443_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:153.8px;">392</div><div id="a186446" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:170.3px;">Benefits expected to be paid in more than 16 years </div><div id="a186449_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:389.324px;top:170.3px;">13,243</div><div id="a186452_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:439.457px;top:170.3px;">10,733</div><div id="a186456_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:500.044px;top:170.3px;">2,570</div><div id="a186459_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.204px;top:170.3px;">3,028</div><div id="a186463_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.137px;top:170.3px;">516</div><div id="a186466_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:170.3px;">519</div><div id="a186469" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:185.3px;">1 The duration of the<div style="display:inline-block;width:3.49px"> </div>defined benefit obligation<div style="display:inline-block;width:3.62px"> </div>represents a weighted average<div style="display:inline-block;width:3.64px"> </div>across US and German<div style="display:inline-block;width:3.64px"> </div>plans.</div></div></div></div><div id="TextBlockContainer1620" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:151px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a186511" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Actuarial assumptions </div><div id="a186514" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.6px;">The<div style="display:inline-block;width:5.4px"> </div>actuarial assumptions<div style="display:inline-block;width:7.23px"> </div>used<div style="display:inline-block;width:5.66px"> </div>for<div style="display:inline-block;width:5.1px"> </div>the defined<div style="display:inline-block;width:6.65px"> </div>benefit plans<div style="display:inline-block;width:6.59px"> </div>are<div style="display:inline-block;width:5.29px"> </div>based<div style="display:inline-block;width:5.66px"> </div>on<div style="display:inline-block;width:5.13px"> </div>the<div style="display:inline-block;width:5.25px"> </div>economic conditions<div style="display:inline-block;width:6.69px"> </div>prevailing<div style="display:inline-block;width:5.38px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the </div><div id="a186515" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.8px;">jurisdiction<div style="display:inline-block;width:5.13px"> </div>in which<div style="display:inline-block;width:6.08px"> </div>they<div style="display:inline-block;width:5.05px"> </div>are<div style="display:inline-block;width:5.29px"> </div>offered.<div style="display:inline-block;width:5.73px"> </div>Changes<div style="display:inline-block;width:5.54px"> </div>in the<div style="display:inline-block;width:5.93px"> </div>defined<div style="display:inline-block;width:5.08px"> </div>benefit<div style="display:inline-block;width:5.2px"> </div>obligation<div style="display:inline-block;width:5.27px"> </div>are<div style="display:inline-block;width:5.29px"> </div>most sensitive<div style="display:inline-block;width:6.41px"> </div>to<div style="display:inline-block;width:5.25px"> </div>changes<div style="display:inline-block;width:5.18px"> </div>in the </div><div id="a186516" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:46.4px;">discount rate. The di<div style="display:inline-block;width:1.35px"> </div>scount rate is based<div style="display:inline-block;width:5.43px"> </div>on the yield of high<div style="display:inline-block;width:1.85px"> </div>-quality corporate bonds<div style="display:inline-block;width:5.42px"> </div>quoted in an active<div style="display:inline-block;width:5.33px"> </div>market in the </div><div id="a186520" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61.5px;">currency of<div style="display:inline-block;width:2.25px"> </div>the respective plan.<div style="display:inline-block;width:2.23px"> </div>A decrease<div style="display:inline-block;width:2.28px"> </div>in the<div style="display:inline-block;width:2.14px"> </div>discount curve increases<div style="display:inline-block;width:2.22px"> </div>the DBO. UBS<div style="display:inline-block;width:2.23px"> </div>AG regularly reviews<div style="display:inline-block;width:2.01px"> </div>the actuarial </div><div id="a186525" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.6px;">assumptions used in<div style="display:inline-block;width:5.09px"> </div>calculating the DBO to determine their continuing<div style="display:inline-block;width:5.37px"> </div>relevance. </div><div id="a186528" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:88.8px;">›</div><div id="a186529" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:89px;"> </div><div id="a186530" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:93.7px;">Refer to Note 1a<div style="display:inline-block;width:1.6px"> </div>item 5 for a description<div style="display:inline-block;width:1.09px"> </div>of the accounting<div style="display:inline-block;width:1.34px"> </div>policy for defined<div style="display:inline-block;width:1.1px"> </div>benefit plans </div><div id="a186542" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:106.9px;"> </div><div id="a186543" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:122.1px;"> </div><div id="a186544" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:137.7px;">The tables below show<div style="display:inline-block;width:5.25px"> </div>the significant actuarial assumptions used<div style="display:inline-block;width:5.16px"> </div>in calculating the DBO at the end of<div style="display:inline-block;width:5.16px"> </div>the year.</div></div><div id="TextBlockContainer1623" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:103px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a186554" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Significant actuarial assumptions </div><div id="a186566" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:292.342px;top:17.2px;">Swiss pension plan </div><div id="a186569" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:399.275px;top:17.2px;">UK pension plan </div><div id="a186572" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.075px;top:17.2px;">US pension plans </div><div id="a186575" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:17.2px;">German pension plans </div><div id="a186577" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:31.4px;">In % </div><div id="a186580" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:290.448px;top:31.4px;">31.12.22 </div><div id="a186582" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.715px;top:31.4px;">31.12.21 </div><div id="a186585" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:392.662px;top:31.4px;">31.12.22 </div><div id="a186587" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.902px;top:31.4px;">31.12.21 </div><div id="a186590" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:494.875px;top:31.4px;">31.12.22 </div><div id="a186592" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:542.635px;top:31.4px;">31.12.21 </div><div id="a186595" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:597.048px;top:31.4px;">31.12.22 </div><div id="a186597" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.848px;top:31.4px;">31.12.21 </div><div id="a186599" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:47px;">Discount rate </div><div id="a186602_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:306.995px;top:47px;">2.34</div><div id="a186605_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:355.275px;top:47px;">0.34</div><div id="a186609_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:409.208px;top:47px;">5.02</div><div id="a186612_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:457.475px;top:47px;">1.82</div><div id="a186616_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.582px;top:47px;">4.92</div><div id="a186618" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:525.608px;top:47.7px;">1 </div><div id="a186620_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:556.848px;top:47px;">2.47</div><div id="a186622" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:573.408px;top:47.7px;">1 </div><div id="a186625_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.635px;top:47px;">3.81</div><div id="a186628_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.435px;top:47px;">0.99</div><div id="a186631" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:63.1px;">Rate of pension increase </div><div id="a186635_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:306.995px;top:63.1px;">0.00</div><div id="a186638_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:355.275px;top:63.1px;">0.00</div><div id="a186642_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:409.208px;top:63.1px;">3.08</div><div id="a186645_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:457.475px;top:63.1px;">3.32</div><div id="a186649_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:511.422px;top:63.1px;">0.00</div><div id="a186652_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.222px;top:63.1px;">0.00</div><div id="a186656_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.635px;top:63.1px;">2.20</div><div id="a186659_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.435px;top:63.1px;">1.80</div><div id="a186662" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:79.6px;">Rate of interest credit on retirement savings<div style="display:inline-block;width:3.87px"> </div></div><div id="a186665_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:306.995px;top:79.6px;">3.39</div><div id="a186668_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:355.275px;top:79.6px;">1.04</div><div id="a186672_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:409.208px;top:79.6px;">0.00</div><div id="a186675_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:457.475px;top:79.6px;">0.00</div><div id="a186679_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.582px;top:79.6px;">5.73</div><div id="a186681" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:525.608px;top:80.3px;">2 </div><div id="a186683_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:556.848px;top:79.6px;">1.18</div><div id="a186685" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:573.408px;top:80.3px;">2 </div><div id="a186688_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.635px;top:79.6px;">0.00</div><div id="a186691_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.435px;top:79.6px;">0.00</div><div id="a186694" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:94.7px;">1 Represents weighted average<div style="display:inline-block;width:3.81px"> </div>across US pension plans.<div style="display:inline-block;width:9.93px"> </div>2 Only applicable to<div style="display:inline-block;width:3.48px"> </div>one of the US pension plans</div></div><div id="TextBlockContainer1627" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:263px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a186698" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Mortality tables and life expectancies<div style="display:inline-block;width:4.29px"> </div>for major plans </div><div id="a186709" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:443.288px;top:15.8px;">Life expectancy at age 65 for a male member currently </div><div id="a186714" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.062px;top:31.4px;">aged 65 </div><div id="a186717" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.995px;top:31.4px;">aged 45 </div><div id="a186719" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:47px;">Country </div><div id="a186721" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:47px;">Mortality table </div><div id="a186724" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:435.222px;top:47px;">31.12.22 </div><div id="a186726" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:47px;">31.12.21 </div><div id="a186729" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:577.195px;top:47px;">31.12.22 </div><div id="a186731" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.315px;top:47px;">31.12.21 </div><div id="a186733" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:63.1px;">Switzerland </div><div id="a186735" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:63.1px;">BVG 2020 G with CMI 2021 projections</div><div id="a186737" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:249.755px;top:63.7px;">1</div><div id="a186740_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:63.1px;">21.7</div><div id="a186743_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:63.1px;">21.7</div><div id="a186747_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:593.742px;top:63.1px;">23.4</div><div id="a186750_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:63.1px;">23.3</div><div id="a186753" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:79.2px;">UK </div><div id="a186755" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:79.2px;">S3PA with CMI 2021 projections</div><div id="a186756" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:223.235px;top:79.8px;">2</div><div id="a186759_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:79.2px;">23.5</div><div id="a186762_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:79.2px;">23.4</div><div id="a186766_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:593.742px;top:79.2px;">24.6</div><div id="a186769_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:79.2px;">24.5</div><div id="a186772" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:95.7px;">USA </div><div id="a186774" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:95.7px;">Pri-2012 with MP-2021 projection scale </div><div id="a186781_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:95.7px;">22.0</div><div id="a186784_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:95.7px;">21.9</div><div id="a186788_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:593.742px;top:95.7px;">23.3</div><div id="a186791_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:95.7px;">23.3</div><div id="a186794" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:111.8px;">Germany </div><div id="a186796" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:111.8px;">Dr. K. Heubeck<div style="display:inline-block;width:4.3px"> </div>2018 G </div><div id="a186799_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:111.8px;">20.6</div><div id="a186802_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:111.8px;">20.5</div><div id="a186806_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:593.742px;top:111.8px;">23.4</div><div id="a186809_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:111.8px;">23.2</div><div id="a186823" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:439.955px;top:143px;">Life expectancy at age 65 for a female member currently </div><div id="a186828" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.062px;top:159.1px;">aged 65 </div><div id="a186831" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.995px;top:159.1px;">aged 45 </div><div id="a186833" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:174.7px;">Country </div><div id="a186835" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:174.7px;">Mortality table </div><div id="a186838" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:435.222px;top:174.7px;">31.12.22 </div><div id="a186840" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:174.7px;">31.12.21 </div><div id="a186843" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:577.195px;top:174.7px;">31.12.22 </div><div id="a186845" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.315px;top:174.7px;">31.12.21 </div><div id="a186847" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:190.3px;">Switzerland </div><div id="a186849" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:190.3px;">BVG 2020 G with CMI 2021 projections</div><div id="a186850" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:249.755px;top:191px;">1</div><div id="a186853_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:190.3px;">23.5</div><div id="a186856_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:190.3px;">23.4</div><div id="a186860_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:593.742px;top:190.3px;">25.1</div><div id="a186863_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:190.3px;">25.0</div><div id="a186866" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:206.4px;">UK </div><div id="a186868" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:206.4px;">S3PA with CMI 2021 projections</div><div id="a186870" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:223.235px;top:207.1px;">2</div><div id="a186873_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:206.4px;">25.0</div><div id="a186876_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:206.4px;">24.9</div><div id="a186880_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:593.742px;top:206.4px;">26.4</div><div id="a186883_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:206.4px;">26.3</div><div id="a186886" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:223px;">USA </div><div id="a186888" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:223px;">Pri-2012 with MP-2021 projection scale </div><div id="a186895_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:223px;">23.4</div><div id="a186898_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:223px;">23.3</div><div id="a186902_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:593.742px;top:223px;">24.8</div><div id="a186905_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:223px;">24.7</div><div id="a186908" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:239.1px;">Germany </div><div id="a186910" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:239.1px;">Dr. K. Heubeck<div style="display:inline-block;width:4.3px"> </div>2018 G </div><div id="a186913_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:239.1px;">24.0</div><div id="a186916_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:239.1px;">23.9</div><div id="a186920_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:593.742px;top:239.1px;">26.3</div><div id="a186923_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:239.1px;">26.1</div><div id="a186926" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:254.6px;">1 In 2021, BVG 2020 G with<div style="display:inline-block;width:3.6px"> </div>CMI 2019 projections was<div style="display:inline-block;width:3.99px"> </div>used.<div style="display:inline-block;width:8.04px"> </div>2 In 2021, S3PA<div style="display:inline-block;width:3.56px"> </div>with CMI 2020<div style="display:inline-block;width:3.53px"> </div>projections was used.</div></div><div id="TextBlockContainer1630" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:90px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a186929" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Sensitivity analysis of significant actuarial<div style="display:inline-block;width:5.2px"> </div>assumptions </div><div id="a186935" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">The table<div style="display:inline-block;width:5.93px"> </div>below<div style="display:inline-block;width:5.13px"> </div>presents<div style="display:inline-block;width:5.16px"> </div>a sensitivity<div style="display:inline-block;width:5.53px"> </div>analysis<div style="display:inline-block;width:5.09px"> </div>for each<div style="display:inline-block;width:5.68px"> </div>significant<div style="display:inline-block;width:5.04px"> </div>actuarial<div style="display:inline-block;width:5.16px"> </div>assumption,<div style="display:inline-block;width:5.8px"> </div>showing<div style="display:inline-block;width:5.11px"> </div>how the<div style="display:inline-block;width:5.86px"> </div>DBO would </div><div id="a186936" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.3px;">have been<div style="display:inline-block;width:5.24px"> </div>affected by<div style="display:inline-block;width:5.09px"> </div>changes in<div style="display:inline-block;width:5.38px"> </div>the relevant actuarial<div style="display:inline-block;width:5.25px"> </div>assumption<div style="display:inline-block;width:5.23px"> </div>that were<div style="display:inline-block;width:5.21px"> </div>reasonably<div style="display:inline-block;width:5.2px"> </div>possible at<div style="display:inline-block;width:5.18px"> </div>the balance sheet </div><div id="a186940" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">date.<div style="display:inline-block;width:5.36px"> </div>Unforeseen<div style="display:inline-block;width:5.94px"> </div>circumstances<div style="display:inline-block;width:5.78px"> </div>may<div style="display:inline-block;width:5.32px"> </div>arise,<div style="display:inline-block;width:5.57px"> </div>which<div style="display:inline-block;width:5.4px"> </div>could<div style="display:inline-block;width:5.5px"> </div>result<div style="display:inline-block;width:5.28px"> </div>in<div style="display:inline-block;width:5.77px"> </div>variations<div style="display:inline-block;width:5.41px"> </div>that<div style="display:inline-block;width:5.1px"> </div>are<div style="display:inline-block;width:6.23px"> </div>outside<div style="display:inline-block;width:5.6px"> </div>the<div style="display:inline-block;width:5.25px"> </div>range<div style="display:inline-block;width:5.45px"> </div>of<div style="display:inline-block;width:5.25px"> </div>alternatives </div><div id="a186942" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61px;">deemed<div style="display:inline-block;width:6.87px"> </div>reasonably<div style="display:inline-block;width:7.06px"> </div>possible.<div style="display:inline-block;width:7.22px"> </div>Caution<div style="display:inline-block;width:7.12px"> </div>should<div style="display:inline-block;width:7.37px"> </div>be<div style="display:inline-block;width:6.35px"> </div>used<div style="display:inline-block;width:7.07px"> </div>in<div style="display:inline-block;width:6.72px"> </div>extrapolating<div style="display:inline-block;width:6.56px"> </div>the<div style="display:inline-block;width:6.67px"> </div>sensitivities<div style="display:inline-block;width:6.99px"> </div>below<div style="display:inline-block;width:7.03px"> </div>on<div style="display:inline-block;width:7.03px"> </div>the<div style="display:inline-block;width:7.05px"> </div>DBO,<div style="display:inline-block;width:6.98px"> </div>as<div style="display:inline-block;width:6.67px"> </div>the </div><div id="a186945" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.6px;">sensitivities may not be linear.</div></div><div id="TextBlockContainer1634" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:231px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1632_XBRL_TS_ae492375ae4a4d1daf42f817ebba1fd5" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1633" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:231px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a186948" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:2.8px;">Sensitivity analysis of significant actuarial<div style="display:inline-block;width:4.25px"> </div>assumptions</div><div id="a186950" style="position:absolute;font-family:'Frutiger';font-size:6.148px;font-weight:bold;font-style:normal;left:262.048px;top:3.5px;">1</div><div id="a186961" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:17.7px;">Increase / (decrease) in defined benefit obligation </div><div id="a186964" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:17.7px;">Swiss pension plan </div><div id="a186967" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:449.915px;top:17.7px;">UK pension plan </div><div id="a186970" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.635px;top:17.7px;">US and German pension plans </div><div id="a186972" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:31.4px;">USD m </div><div id="a186975" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:307.475px;top:31.4px;">31.12.22 </div><div id="a186977" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.768px;top:31.4px;">31.12.21 </div><div id="a186980" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:443.768px;top:31.4px;">31.12.22 </div><div id="a186982" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:507.635px;top:31.4px;">31.12.21 </div><div id="a186985" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:579.075px;top:31.4px;">31.12.22 </div><div id="a186987" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:643.902px;top:31.4px;">31.12.21 </div><div id="a186989" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:44.6px;">Discount rate </div><div id="a187000" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:59.3px;">Increase by 50 basis points </div><div id="a187003_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:321.662px;top:59.3px;display:flex;">(641)</div><div id="a187006_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.955px;top:59.3px;display:flex;">(975)</div><div id="a187010_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.955px;top:59.3px;display:flex;">(141)</div><div id="a187013_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.822px;top:59.3px;display:flex;">(361)</div><div id="a187017_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:598.475px;top:59.3px;display:flex;">(51)</div><div id="a187020_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.848px;top:59.3px;display:flex;">(78)</div><div id="a187023" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:73.5px;">Decrease by 50 basis points </div><div id="a187026_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:326.395px;top:73.5px;">723</div><div id="a187029_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:73.5px;">1,116</div><div id="a187033_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:462.688px;top:73.5px;">157</div><div id="a187036_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:526.555px;top:73.5px;">411</div><div id="a187040_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:603.235px;top:73.5px;">55</div><div id="a187043_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.048px;top:73.5px;">84</div><div id="a187046" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:87.7px;">Rate of pension increase </div><div id="a187057" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:102.3px;">Increase by 50 basis points </div><div id="a187060_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:326.395px;top:102.3px;">487</div><div id="a187063_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:391.715px;top:102.3px;">749</div><div id="a187067_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:462.688px;top:102.3px;">127</div><div id="a187070_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:526.555px;top:102.3px;">334</div><div id="a187074_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:607.955px;top:102.3px;">4</div><div id="a187077_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.782px;top:102.3px;">6</div><div id="a187080" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:116.5px;">Decrease by 50 basis points </div><div id="a187083" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:333.008px;top:116.5px;">–</div><div id="a187084" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:338.248px;top:117.2px;">2</div><div id="a187086" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:398.342px;top:116.5px;">–</div><div id="a187087" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:403.542px;top:117.2px;">2</div><div id="a187090_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.955px;top:116.5px;display:flex;">(118)</div><div id="a187093_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.822px;top:116.5px;display:flex;">(306)</div><div id="a187097_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:603.235px;top:116.5px;display:flex;">(3)</div><div id="a187100_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:116.5px;display:flex;">(6)</div><div id="a187103" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:130.7px;">Rate of interest credit on retirement<div style="display:inline-block;width:3.77px"> </div>savings </div><div id="a187114" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:145.4px;">Increase by 50 basis points </div><div id="a187117_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:326.395px;top:145.4px;">106</div><div id="a187120_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:391.715px;top:145.4px;">134</div><div id="a187124" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:469.302px;top:145.4px;">–</div><div id="a187125" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:474.502px;top:146.1px;">3 </div><div id="a187127" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.182px;top:145.4px;">–</div><div id="a187128" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:538.382px;top:146.1px;">3 </div><div id="a187131_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:607.955px;top:145.4px;">9</div><div id="a187134_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.782px;top:145.4px;">8</div><div id="a187137" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:159.6px;">Decrease by 50 basis points </div><div id="a187140_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:321.662px;top:159.6px;display:flex;">(106)</div><div id="a187143_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.955px;top:159.6px;display:flex;">(134)</div><div id="a187147" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:469.302px;top:159.6px;">–</div><div id="a187148" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:474.502px;top:160.2px;">3 </div><div id="a187150" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.182px;top:159.6px;">–</div><div id="a187151" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:538.382px;top:160.2px;">3 </div><div id="a187154_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:603.235px;top:159.6px;display:flex;">(8)</div><div id="a187157_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:159.6px;display:flex;">(7)</div><div id="a187160" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:173.8px;">Life expectancy </div><div id="a187171" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:188.4px;">Increase in longevity by one additional year </div><div id="a187174_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:326.395px;top:188.4px;">304</div><div id="a187177_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:391.715px;top:188.4px;">475</div><div id="a187181_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:467.888px;top:188.4px;">65</div><div id="a187184_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:526.555px;top:188.4px;">184</div><div id="a187188_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:603.235px;top:188.4px;">39</div><div id="a187191_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.048px;top:188.4px;">56</div><div id="a187194" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:202.5px;">1 The sensitivity analyses are based on a change in one assumption while<div style="display:inline-block;width:3.99px"> </div>holding all other assumptions constant, so that interdependencies<div style="display:inline-block;width:4.35px"> </div>between the assumptions are excluded.<div style="display:inline-block;width:8.69px"> </div>2 As the assumed rate of pension </div><div id="a187196" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:212.9px;">increase was </div><div id="a187196_13_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:45.767px;top:212.9px;">0</div><div id="a187196_14_193" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:50.023px;top:212.9px;">% as of 31 December 2022<div style="display:inline-block;width:3.88px"> </div>and as of 31 December<div style="display:inline-block;width:3.51px"> </div>2021, a downward change<div style="display:inline-block;width:3.55px"> </div>in assumption is<div style="display:inline-block;width:3.45px"> </div>not applicable.<div style="display:inline-block;width:9.6px"> </div>3 As the UK plan does<div style="display:inline-block;width:3.81px"> </div>not provide interest credits<div style="display:inline-block;width:3.61px"> </div>on retirement savings,<div style="display:inline-block;width:3.61px"> </div>a change in </div><div id="a187200" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:222.9px;">assumption is not applicable.</div></div></div></div><div id="TextBlockContainer1636" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:681px;height:29px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a187242" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Fair value of plan assets </div><div id="a187247" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.6px;">The tables below provide<div style="display:inline-block;width:5.08px"> </div>information about the composition<div style="display:inline-block;width:5.08px"> </div>and fair value of plan assets of<div style="display:inline-block;width:5.16px"> </div>the major pension plans.</div></div><div id="TextBlockContainer1639" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:692px;height:570px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a187258" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Composition and fair value<div style="display:inline-block;width:4.16px"> </div>of plan assets </div><div id="a187273" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:3.679px;top:27.4px;">Swiss pension plan </div><div id="a187289" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:285.715px;top:43.2px;">31.12.22 </div><div id="a187292" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:43.2px;">31.12.21 </div><div id="a187296" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:235.555px;top:68.8px;">Fair value </div><div id="a187299" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:388.848px;top:56.9px;">Plan asset </div><div id="a187301" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:379.862px;top:68.8px;">allocation % </div><div id="a187304" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.582px;top:68.8px;">Fair value </div><div id="a187307" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:641.542px;top:56.9px;">Plan asset </div><div id="a187309" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:632.555px;top:68.8px;">allocation % </div><div id="a187311" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:104.7px;">USD m </div><div id="a187314" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:207.622px;top:81.1px;">Quoted </div><div id="a187316" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:192.968px;top:92.9px;">in an active </div><div id="a187318" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:209.048px;top:104.7px;">market </div><div id="a187320" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:260.155px;top:104.7px;">Other </div><div id="a187322" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:308.422px;top:104.7px;">Total </div><div id="a187327" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.688px;top:81.1px;">Quoted </div><div id="a187329" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.022px;top:92.9px;">in an active </div><div id="a187331" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:464.102px;top:104.7px;">market </div><div id="a187333" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:515.208px;top:104.7px;">Other </div><div id="a187335" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:563.475px;top:104.7px;">Total </div><div id="a187339" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:118.4px;">Cash and cash equivalents </div><div id="a187342_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:219.928px;top:118.4px;">183</div><div id="a187345_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:275.755px;top:118.4px;">0</div><div id="a187348_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.728px;top:118.4px;">183</div><div id="a187352_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:118.4px;">1</div><div id="a187356_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.982px;top:118.4px;">106</div><div id="a187359_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.808px;top:118.4px;">0</div><div id="a187362_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:118.4px;">106</div><div id="a187366_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:118.4px;">1</div><div id="a187369" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:135px;">Real estate / property </div><div id="a187383" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:151.1px;">Domestic </div><div id="a187386_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:229.848px;top:151.1px;">0</div><div id="a187389_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:258.728px;top:151.1px;">2,130</div><div id="a187392_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:304.635px;top:151.1px;">2,130</div><div id="a187396_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:416.302px;top:151.1px;">13</div><div id="a187400_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:484.915px;top:151.1px;">0</div><div id="a187403_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.782px;top:151.1px;">1,994</div><div id="a187406_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.688px;top:151.1px;">1,994</div><div id="a187410_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:151.1px;">10</div><div id="a187413" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:167.6px;">Foreign </div><div id="a187416_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:229.848px;top:167.6px;">0</div><div id="a187419_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:265.822px;top:167.6px;">517</div><div id="a187422_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.728px;top:167.6px;">517</div><div id="a187426_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:167.6px;">3</div><div id="a187430_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:484.915px;top:167.6px;">0</div><div id="a187433_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.875px;top:167.6px;">328</div><div id="a187436_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:167.6px;">328</div><div id="a187440_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:167.6px;">2</div><div id="a187443" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:183.7px;">Investment funds </div><div id="a187457" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:200.3px;">Equity<div style="display:inline-block;width:9.65px"> </div></div><div id="a187471" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:216.8px;">Domestic </div><div id="a187474_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:219.928px;top:216.8px;">418</div><div id="a187477_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:275.755px;top:216.8px;">0</div><div id="a187480_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.728px;top:216.8px;">418</div><div id="a187484_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:216.8px;">2</div><div id="a187488_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.982px;top:216.8px;">476</div><div id="a187491_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.808px;top:216.8px;">0</div><div id="a187494_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:216.8px;">476</div><div id="a187498_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:216.8px;">2</div><div id="a187501" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:232.9px;">Foreign </div><div id="a187504_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:212.835px;top:232.9px;">2,794</div><div id="a187507_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:258.728px;top:232.9px;">1,222</div><div id="a187510_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:304.635px;top:232.9px;">4,017</div><div id="a187514_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:416.302px;top:232.9px;">24</div><div id="a187518_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:467.888px;top:232.9px;">3,510</div><div id="a187521_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.782px;top:232.9px;">1,498</div><div id="a187524_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.688px;top:232.9px;">5,009</div><div id="a187528_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:232.9px;">26</div><div id="a187531" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:249.5px;">Bonds</div><div id="a187532" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:35.395px;top:250.1px;">1</div><div id="a187546" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:265.5px;">Domestic, AAA to BBB– </div><div id="a187550_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:212.835px;top:265.5px;">2,117</div><div id="a187553_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:275.755px;top:265.5px;">0</div><div id="a187556_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:304.635px;top:265.5px;">2,117</div><div id="a187560_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:416.302px;top:265.5px;">12</div><div id="a187564_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:467.888px;top:265.5px;">2,512</div><div id="a187567_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.808px;top:265.5px;">0</div><div id="a187570_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.688px;top:265.5px;">2,512</div><div id="a187574_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:265.5px;">13</div><div id="a187577" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:282.1px;">Foreign, AAA<div style="display:inline-block;width:3.74px"> </div>to BBB– </div><div id="a187581_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:212.835px;top:282.1px;">3,395</div><div id="a187584_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:275.755px;top:282.1px;">0</div><div id="a187587_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:304.635px;top:282.1px;">3,395</div><div id="a187591_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:416.302px;top:282.1px;">20</div><div id="a187595_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:467.888px;top:282.1px;">2,877</div><div id="a187598_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.808px;top:282.1px;">0</div><div id="a187601_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.688px;top:282.1px;">2,877</div><div id="a187605_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:282.1px;">15</div><div id="a187608" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:298.2px;">Foreign, below BBB– </div><div id="a187612_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:219.928px;top:298.2px;">598</div><div id="a187615_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:275.755px;top:298.2px;">0</div><div id="a187618_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.728px;top:298.2px;">598</div><div id="a187622_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:298.2px;">4</div><div id="a187626_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.982px;top:298.2px;">742</div><div id="a187629_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.808px;top:298.2px;">0</div><div id="a187632_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:298.2px;">742</div><div id="a187636_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:298.2px;">4</div><div id="a187639" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:314.8px;">Other </div><div id="a187642_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:219.928px;top:314.8px;">867</div><div id="a187645_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:258.728px;top:314.8px;">1,997</div><div id="a187648_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:304.635px;top:314.8px;">2,864</div><div id="a187652_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:416.302px;top:314.8px;">17</div><div id="a187656_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:467.888px;top:314.8px;">2,379</div><div id="a187659_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.782px;top:314.8px;">2,010</div><div id="a187662_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.688px;top:314.8px;">4,389</div><div id="a187666_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:314.8px;">23</div><div id="a187669" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:330.8px;">Other investments </div><div id="a187672_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:219.928px;top:330.8px;">351</div><div id="a187675_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:265.822px;top:330.8px;">367</div><div id="a187678_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.728px;top:330.8px;">718</div><div id="a187682_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:330.8px;">4</div><div id="a187686_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.982px;top:330.8px;">377</div><div id="a187689_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.875px;top:330.8px;">385</div><div id="a187692_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:330.8px;">762</div><div id="a187696_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:330.8px;">4</div><div id="a187699" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:347.4px;">Total fair value of plan<div style="display:inline-block;width:4.01px"> </div>assets </div><div id="a187702_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:208.102px;top:347.4px;">10,724</div><div id="a187705_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:258.728px;top:347.4px;">6,233</div><div id="a187708_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:299.902px;top:347.4px;">16,957</div><div id="a187712_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.102px;top:347.4px;">100</div><div id="a187716_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.155px;top:347.4px;">12,980</div><div id="a187719_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.782px;top:347.4px;">6,216</div><div id="a187722_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:554.968px;top:347.4px;">19,196</div><div id="a187726_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:347.4px;">100</div><div id="a187746" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:292.808px;top:375.3px;">31.12.22 </div><div id="a187753" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:547.875px;top:375.3px;">31.12.21 </div><div id="a187757" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:390.9px;">Total fair value of plan<div style="display:inline-block;width:4.01px"> </div>assets </div><div id="a187760_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:299.902px;top:390.9px;">16,957</div><div id="a187768_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:554.968px;top:390.9px;">19,196</div><div id="a187773" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:406.5px;">of which:</div><div id="a187774" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:37.287px;top:407.2px;">2</div><div id="a187788" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:423.6px;">Bank accounts at UBS AG </div><div id="a187793_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:311.728px;top:423.6px;">189</div><div id="a187801_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:566.782px;top:423.6px;">109</div><div id="a187806" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:440.6px;">UBS AG debt instruments </div><div id="a187811_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:316.928px;top:440.6px;">28</div><div id="a187819_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:571.982px;top:440.6px;">16</div><div id="a187824" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:456.7px;">UBS Group AG shares </div><div id="a187829_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:316.928px;top:456.7px;">15</div><div id="a187837_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:571.982px;top:456.7px;">14</div><div id="a187842" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:473.3px;">Securities lent to UBS AG</div><div id="a187843" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:103.995px;top:473.9px;">3</div><div id="a187848_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:311.728px;top:473.3px;">489</div><div id="a187856_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:566.782px;top:473.3px;">608</div><div id="a187861" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:489.8px;">Property occupied by UBS </div><div id="a187866_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:316.928px;top:489.8px;">51</div><div id="a187874_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:571.982px;top:489.8px;">52</div><div id="a187879" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:505.4px;">Derivative financial instruments, counterparty<div style="display:inline-block;width:4.39px"> </div>UBS AG</div><div id="a187880" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:208.568px;top:506.1px;">3</div><div id="a187883_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:316.928px;top:506.8px;">43</div><div id="a187891_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:571.982px;top:506.8px;">72</div><div id="a187896" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:520.4px;">1 The bond credit ratings<div style="display:inline-block;width:4.28px"> </div>are primarily based<div style="display:inline-block;width:3.63px"> </div>on S&amp;P’s credit<div style="display:inline-block;width:3.47px"> </div>ratings. Ratings<div style="display:inline-block;width:3.79px"> </div>AAA to BBB–<div style="display:inline-block;width:3.01px"> </div>and below BBB<div style="display:inline-block;width:1.45px"> </div>–<div style="display:inline-block;width:1.9px"> </div>represent investment<div style="display:inline-block;width:3.93px"> </div>grade and non-investment<div style="display:inline-block;width:3.83px"> </div>grade ratings,<div style="display:inline-block;width:3.63px"> </div>respectively. In<div style="display:inline-block;width:3.53px"> </div>cases where credit ratings </div><div id="a187906" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:530.4px;">from other rating agencies were<div style="display:inline-block;width:3.47px"> </div>used, these were converted to<div style="display:inline-block;width:3.47px"> </div>the equivalent rating in<div style="display:inline-block;width:3.62px"> </div>S&amp;P’s rating classification.<div style="display:inline-block;width:9.94px"> </div>2 Bank accounts at<div style="display:inline-block;width:3.45px"> </div>UBS AG encompass accounts<div style="display:inline-block;width:3.62px"> </div>in the name of the Swiss<div style="display:inline-block;width:3.48px"> </div>pension fund. The<div style="display:inline-block;width:3.48px"> </div>other </div><div id="a187910" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:540.8px;">positions disclosed<div style="display:inline-block;width:4.22px"> </div>in the<div style="display:inline-block;width:4.1px"> </div>table encompass<div style="display:inline-block;width:4.57px"> </div>both direct<div style="display:inline-block;width:4.41px"> </div>investments in<div style="display:inline-block;width:4.24px"> </div>UBS AG<div style="display:inline-block;width:3.93px"> </div>instruments<div style="display:inline-block;width:3.61px"> </div>and<div style="display:inline-block;width:3.47px"> </div>UBS Group<div style="display:inline-block;width:3.78px"> </div>AG shares<div style="display:inline-block;width:4.57px"> </div>and indirect<div style="display:inline-block;width:4.36px"> </div>investments,<div style="display:inline-block;width:3.61px"> </div>i.e.,<div style="display:inline-block;width:3.48px"> </div>those<div style="display:inline-block;width:3.46px"> </div>made through<div style="display:inline-block;width:4.1px"> </div>funds that<div style="display:inline-block;width:4.05px"> </div>the pension<div style="display:inline-block;width:4.57px"> </div>fund invests<div style="display:inline-block;width:4.09px"> </div>in.<div style="display:inline-block;width:6.94px"> </div></div><div id="a187915" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:550.7px;">3 Securities lent to UBS<div style="display:inline-block;width:3.49px"> </div>AG and derivative<div style="display:inline-block;width:3.61px"> </div>financial instruments<div style="display:inline-block;width:3.94px"> </div>are presented gross<div style="display:inline-block;width:3.79px"> </div>of any collateral. Securities<div style="display:inline-block;width:4.11px"> </div>lent to UBS AG<div style="display:inline-block;width:3.87px"> </div>were fully covered<div style="display:inline-block;width:3.62px"> </div>by collateral as of<div style="display:inline-block;width:3.48px"> </div>31 December 2022<div style="display:inline-block;width:3.86px"> </div>and 31 December 2021.<div style="display:inline-block;width:3.72px"> </div>Net </div><div id="a187919" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:561.1px;">of collateral, derivative financial<div style="display:inline-block;width:3.65px"> </div>instruments amounted to<div style="display:inline-block;width:3.92px"> </div>negative USD </div><div id="a187919_73_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:231.177px;top:561.1px;">5</div><div id="a187919_74_57" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:235.906px;top:561.1px;">m as of 31 December 2022<div style="display:inline-block;width:3.55px"> </div>(31 December 2021:<div style="display:inline-block;width:3.4px"> </div>positive USD </div><div id="a187919_131_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:432.161px;top:561.1px;">24</div><div id="a187919_133_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:441.146px;top:561.1px;">m).</div></div><div id="TextBlockContainer1644" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:458px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1642_XBRL_TS_ae1180984c534d3a95783d1c71c114ef" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1643" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:458px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a187962" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Composition and fair value<div style="display:inline-block;width:4.16px"> </div>of plan assets (continued) </div><div id="a187977" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:3.679px;top:28.4px;">UK pension plan </div><div id="a187994" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:285.715px;top:43.2px;">31.12.22 </div><div id="a187997" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:43.2px;">31.12.21 </div><div id="a188001" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:235.555px;top:68.3px;">Fair value </div><div id="a188004" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:388.848px;top:56.9px;">Plan asset </div><div id="a188006" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:379.862px;top:68.3px;">allocation % </div><div id="a188009" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.582px;top:68.3px;">Fair value </div><div id="a188012" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:641.542px;top:56.9px;">Plan asset </div><div id="a188014" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:632.555px;top:68.3px;">allocation % </div><div id="a188016" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:104.2px;">USD m </div><div id="a188019" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:207.622px;top:81.1px;">Quoted </div><div id="a188021" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:192.968px;top:92.4px;">in an active </div><div id="a188023" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:209.048px;top:104.2px;">market </div><div id="a188025" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:260.155px;top:104.2px;">Other </div><div id="a188027" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:308.422px;top:104.2px;">Total </div><div id="a188032" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.688px;top:81.1px;">Quoted </div><div id="a188034" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.022px;top:92.4px;">in an active </div><div id="a188036" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:464.102px;top:104.2px;">market </div><div id="a188038" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:515.208px;top:104.2px;">Other </div><div id="a188040" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:563.475px;top:104.2px;">Total </div><div id="a188044" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:118px;">Cash and cash equivalents </div><div id="a188047_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:219.928px;top:118px;">104</div><div id="a188050_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:275.755px;top:118px;">0</div><div id="a188053_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.728px;top:118px;">104</div><div id="a188057_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:118px;">4</div><div id="a188061_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.982px;top:118px;">147</div><div id="a188064_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.808px;top:118px;">0</div><div id="a188067_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:118px;">147</div><div id="a188071_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:118px;">3</div><div id="a188074" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:133.1px;">Bonds</div><div id="a188075" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:26.411px;top:133.8px;">1</div><div id="a188089" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:148.2px;">Domestic, AAA to BBB– </div><div id="a188093_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:212.835px;top:148.2px;">1,729</div><div id="a188096_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:275.755px;top:148.2px;">0</div><div id="a188099_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:304.635px;top:148.2px;">1,729</div><div id="a188103_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:416.302px;top:148.2px;">69</div><div id="a188107_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:467.888px;top:148.2px;">2,605</div><div id="a188110_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.808px;top:148.2px;">0</div><div id="a188113_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.688px;top:148.2px;">2,605</div><div id="a188117_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:148.2px;">61</div><div id="a188120" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:163.8px;">Foreign, AAA<div style="display:inline-block;width:3.74px"> </div>to BBB– </div><div id="a188124_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:219.928px;top:163.8px;">297</div><div id="a188127_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:275.755px;top:163.8px;">0</div><div id="a188130_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.728px;top:163.8px;">297</div><div id="a188134_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:416.302px;top:163.8px;">12</div><div id="a188138_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.982px;top:163.8px;">372</div><div id="a188141_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.808px;top:163.8px;">0</div><div id="a188144_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:163.8px;">372</div><div id="a188148_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:163.8px;">9</div><div id="a188151" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:179px;">Foreign, below BBB– </div><div id="a188155_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:229.848px;top:179px;">7</div><div id="a188158_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:275.755px;top:179px;">0</div><div id="a188161_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:321.662px;top:179px;">7</div><div id="a188165_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:179px;">0</div><div id="a188169_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:484.915px;top:179px;">4</div><div id="a188172_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.808px;top:179px;">0</div><div id="a188175_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.715px;top:179px;">4</div><div id="a188179_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:179px;">0</div><div id="a188182" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:194.6px;">Investment funds </div><div id="a188196" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:209.8px;">Equity<div style="display:inline-block;width:9.65px"> </div></div><div id="a188210" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:224.9px;">Domestic </div><div id="a188213_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:225.128px;top:224.9px;">19</div><div id="a188216_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:275.755px;top:224.9px;">3</div><div id="a188219_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:316.928px;top:224.9px;">22</div><div id="a188223_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:224.9px;">1</div><div id="a188227_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.182px;top:224.9px;">44</div><div id="a188230_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.808px;top:224.9px;">4</div><div id="a188233_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.982px;top:224.9px;">47</div><div id="a188237_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:224.9px;">1</div><div id="a188240" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:240.5px;">Foreign </div><div id="a188243_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:219.928px;top:240.5px;">366</div><div id="a188246_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:275.755px;top:240.5px;">0</div><div id="a188249_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.728px;top:240.5px;">366</div><div id="a188253_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:416.302px;top:240.5px;">15</div><div id="a188257_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.982px;top:240.5px;">921</div><div id="a188260_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.808px;top:240.5px;">0</div><div id="a188263_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:240.5px;">921</div><div id="a188267_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:240.5px;">21</div><div id="a188270" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:255.6px;">Bonds</div><div id="a188271" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:35.395px;top:256.3px;">1</div><div id="a188285" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:271.3px;">Domestic, AAA to BBB– </div><div id="a188289_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:219.928px;top:271.3px;">367</div><div id="a188292_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:271.035px;top:271.3px;">90</div><div id="a188295_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.728px;top:271.3px;">457</div><div id="a188299_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:416.302px;top:271.3px;">18</div><div id="a188303_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.982px;top:271.3px;">532</div><div id="a188306_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.875px;top:271.3px;">147</div><div id="a188309_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:271.3px;">679</div><div id="a188313_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:271.3px;">16</div><div id="a188316" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:286.4px;">Domestic, below BBB– </div><div id="a188320_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:229.848px;top:286.4px;">1</div><div id="a188323_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:275.755px;top:286.4px;">0</div><div id="a188326_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:321.662px;top:286.4px;">1</div><div id="a188330_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:286.4px;">0</div><div id="a188334_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.182px;top:286.4px;">12</div><div id="a188337_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.808px;top:286.4px;">0</div><div id="a188340_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.982px;top:286.4px;">12</div><div id="a188344_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:286.4px;">0</div><div id="a188347" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:302px;">Foreign, AAA<div style="display:inline-block;width:3.74px"> </div>to BBB– </div><div id="a188351_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:225.128px;top:302px;">90</div><div id="a188354_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:275.755px;top:302px;">0</div><div id="a188357_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:316.928px;top:302px;">90</div><div id="a188361_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:302px;">4</div><div id="a188365_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.982px;top:302px;">179</div><div id="a188368_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.808px;top:302px;">0</div><div id="a188371_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:302px;">179</div><div id="a188375_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:302px;">4</div><div id="a188378" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:317.1px;">Foreign, below BBB– </div><div id="a188382_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:219.928px;top:317.1px;">114</div><div id="a188385_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:275.755px;top:317.1px;">0</div><div id="a188388_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.728px;top:317.1px;">114</div><div id="a188392_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:317.1px;">5</div><div id="a188396_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.982px;top:317.1px;">115</div><div id="a188399_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.808px;top:317.1px;">0</div><div id="a188402_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:317.1px;">115</div><div id="a188406_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:317.1px;">3</div><div id="a188409" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:332.3px;">Real estate </div><div id="a188423" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:347.9px;">Domestic </div><div id="a188426_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:225.128px;top:347.9px;">64</div><div id="a188429_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:275.755px;top:347.9px;">0</div><div id="a188432_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:316.928px;top:347.9px;">64</div><div id="a188436_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:347.9px;">3</div><div id="a188440_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.982px;top:347.9px;">110</div><div id="a188443_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:526.088px;top:347.9px;">12</div><div id="a188446_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:347.9px;">122</div><div id="a188450_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:347.9px;">3</div><div id="a188453" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:363px;">Foreign </div><div id="a188456_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:229.848px;top:363px;">6</div><div id="a188459_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:271.035px;top:363px;">31</div><div id="a188462_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:316.928px;top:363px;">36</div><div id="a188466_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:363px;">1</div><div id="a188470_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:484.915px;top:363px;">6</div><div id="a188473_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:526.088px;top:363px;">34</div><div id="a188476_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.982px;top:363px;">40</div><div id="a188480_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:363px;">1</div><div id="a188483" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:378.6px;">Other </div><div id="a188486_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:215.195px;top:378.6px;display:flex;">(280)</div><div id="a188489_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:275.755px;top:378.6px;">0</div><div id="a188492_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:306.995px;top:378.6px;display:flex;">(280)</div><div id="a188496_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:378.6px;display:flex;">(11)</div><div id="a188500_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:470.248px;top:378.6px;display:flex;">(313)</div><div id="a188503_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.808px;top:378.6px;">0</div><div id="a188506_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:378.6px;display:flex;">(313)</div><div id="a188510_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:378.6px;display:flex;">(7)</div><div id="a188513" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:393.8px;">Repurchase agreements </div><div id="a188516_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:215.195px;top:393.8px;display:flex;">(612)</div><div id="a188519_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:275.755px;top:393.8px;">0</div><div id="a188522_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:306.995px;top:393.8px;display:flex;">(612)</div><div id="a188526_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:393.8px;display:flex;">(25)</div><div id="a188530_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:470.248px;top:393.8px;display:flex;">(725)</div><div id="a188533_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.808px;top:393.8px;">0</div><div id="a188536_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:393.8px;display:flex;">(725)</div><div id="a188540_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:393.8px;display:flex;">(17)</div><div id="a188543" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:409.4px;">Other investments </div><div id="a188548_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:225.128px;top:409.4px;">66</div><div id="a188551_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:271.035px;top:409.4px;">27</div><div id="a188554_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:316.928px;top:409.4px;">94</div><div id="a188558_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:409.4px;">4</div><div id="a188562_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.182px;top:409.4px;">65</div><div id="a188565_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:526.088px;top:409.4px;">26</div><div id="a188568_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.982px;top:409.4px;">91</div><div id="a188572_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:409.4px;">2</div><div id="a188575" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:424.6px;">Total fair value of plan<div style="display:inline-block;width:4.01px"> </div>assets </div><div id="a188578_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:212.835px;top:424.6px;">2,336</div><div id="a188581_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:265.822px;top:424.6px;">151</div><div id="a188584_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:304.635px;top:424.6px;">2,488</div><div id="a188588_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.102px;top:424.6px;">100</div><div id="a188592_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:467.888px;top:424.6px;">4,074</div><div id="a188595_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.875px;top:424.6px;">223</div><div id="a188598_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.688px;top:424.6px;">4,297</div><div id="a188602_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:424.6px;">100</div><div id="a188605" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:439.6px;">1 The bond credit ratings<div style="display:inline-block;width:4.28px"> </div>are primarily based<div style="display:inline-block;width:3.63px"> </div>on S&amp;P’s credit<div style="display:inline-block;width:3.47px"> </div>ratings. Ratings<div style="display:inline-block;width:3.79px"> </div>AAA to BBB–<div style="display:inline-block;width:3.02px"> </div>and below BBB<div style="display:inline-block;width:1.45px"> </div>–<div style="display:inline-block;width:1.9px"> </div>represent investment<div style="display:inline-block;width:3.93px"> </div>grade and non-investment<div style="display:inline-block;width:3.83px"> </div>grade ratings,<div style="display:inline-block;width:3.63px"> </div>respectively. In<div style="display:inline-block;width:3.53px"> </div>cases where credit ratings </div><div id="a188614" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:449.5px;">from other rating agencies were<div style="display:inline-block;width:3.95px"> </div>used, these were converted<div style="display:inline-block;width:3.42px"> </div>to the equivalent rating<div style="display:inline-block;width:3.46px"> </div>in S&amp;P’s rating<div style="display:inline-block;width:3.95px"> </div>classification.</div></div></div></div><div id="TextBlockContainer1648" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:460px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1646_XBRL_TS_7b1b5b98cb17481c89a066b452b5bfbb" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1647" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:460px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a188619" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">US and German pension<div style="display:inline-block;width:4.24px"> </div>plans </div><div id="a188635" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:285.715px;top:14.8px;">31.12.22 </div><div id="a188638" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:539.795px;top:14.8px;">31.12.21 </div><div id="a188642" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:235.555px;top:39.9px;">Fair value </div><div id="a188645" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.848px;top:28.6px;">Plan asset </div><div id="a188647" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.862px;top:39.9px;">allocation % </div><div id="a188650" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:490.582px;top:39.9px;">Fair value </div><div id="a188653" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:641.542px;top:28.6px;">Plan asset </div><div id="a188655" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:632.555px;top:39.9px;">allocation % </div><div id="a188657" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:75.9px;">USD m </div><div id="a188660" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:207.622px;top:52.7px;">Quoted </div><div id="a188662" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.968px;top:64px;">in an active </div><div id="a188664" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:209.048px;top:75.9px;">market </div><div id="a188666" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:260.155px;top:75.9px;">Other </div><div id="a188668" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:308.422px;top:75.9px;">Total </div><div id="a188673" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:462.688px;top:52.7px;">Quoted </div><div id="a188675" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:448.022px;top:64px;">in an active </div><div id="a188677" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:464.102px;top:75.9px;">market </div><div id="a188679" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:515.208px;top:75.9px;">Other </div><div id="a188681" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:563.475px;top:75.9px;">Total </div><div id="a188685" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:89.6px;">Cash and cash equivalents </div><div id="a188688_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:229.848px;top:89.6px;">7</div><div id="a188691_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:275.755px;top:89.6px;">0</div><div id="a188694_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.662px;top:89.6px;">7</div><div id="a188698_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.035px;top:89.6px;">1</div><div id="a188702_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:480.182px;top:89.6px;">11</div><div id="a188705_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:530.808px;top:89.6px;">0</div><div id="a188708_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.982px;top:89.6px;">11</div><div id="a188712_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:89.6px;">1</div><div id="a188715" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:104.7px;">Equity </div><div id="a188729" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:119.9px;">Domestic </div><div id="a188732_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:225.128px;top:119.9px;">55</div><div id="a188735_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:275.755px;top:119.9px;">0</div><div id="a188738_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.928px;top:119.9px;">55</div><div id="a188742_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.035px;top:119.9px;">5</div><div id="a188746_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:480.182px;top:119.9px;">79</div><div id="a188749_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:530.808px;top:119.9px;">0</div><div id="a188752_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.982px;top:119.9px;">79</div><div id="a188756_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:119.9px;">6</div><div id="a188759" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:135.5px;">Foreign </div><div id="a188762_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:225.128px;top:135.5px;">24</div><div id="a188765_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:275.755px;top:135.5px;">0</div><div id="a188768_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.928px;top:135.5px;">24</div><div id="a188772_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.035px;top:135.5px;">2</div><div id="a188776_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:480.182px;top:135.5px;">31</div><div id="a188779_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:530.808px;top:135.5px;">0</div><div id="a188782_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.982px;top:135.5px;">31</div><div id="a188786_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:135.5px;">2</div><div id="a188789" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:150.6px;">Bonds</div><div id="a188790" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:26.411px;top:151.2px;">1</div><div id="a188804" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:166.2px;">Domestic, AAA to BBB– </div><div id="a188808_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:219.928px;top:166.2px;">359</div><div id="a188811_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:275.755px;top:166.2px;">0</div><div id="a188814_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:166.2px;">359</div><div id="a188818_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:416.302px;top:166.2px;">35</div><div id="a188822_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:474.982px;top:166.2px;">486</div><div id="a188825_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:530.808px;top:166.2px;">0</div><div id="a188828_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.782px;top:166.2px;">486</div><div id="a188832_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.995px;top:166.2px;">37</div><div id="a188835" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:181.4px;">Domestic, below BBB– </div><div id="a188839_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:229.848px;top:181.4px;">4</div><div id="a188842_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:275.755px;top:181.4px;">0</div><div id="a188845_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.662px;top:181.4px;">4</div><div id="a188849_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.035px;top:181.4px;">0</div><div id="a188853_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:480.182px;top:181.4px;">17</div><div id="a188856_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:530.808px;top:181.4px;">0</div><div id="a188859_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.982px;top:181.4px;">17</div><div id="a188863_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:181.4px;">1</div><div id="a188866" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:196.5px;">Foreign, AAA<div style="display:inline-block;width:3.74px"> </div>to BBB– </div><div id="a188870_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:225.128px;top:196.5px;">74</div><div id="a188873_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:275.755px;top:196.5px;">0</div><div id="a188876_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.928px;top:196.5px;">74</div><div id="a188880_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.035px;top:196.5px;">7</div><div id="a188884_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:480.182px;top:196.5px;">97</div><div id="a188887_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:530.808px;top:196.5px;">0</div><div id="a188890_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.982px;top:196.5px;">97</div><div id="a188894_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:196.5px;">7</div><div id="a188897" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:212.1px;">Foreign, below BBB– </div><div id="a188901_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:229.848px;top:212.1px;">3</div><div id="a188904_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:275.755px;top:212.1px;">0</div><div id="a188907_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.662px;top:212.1px;">3</div><div id="a188911_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.035px;top:212.1px;">0</div><div id="a188915_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:484.915px;top:212.1px;">6</div><div id="a188918_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:530.808px;top:212.1px;">0</div><div id="a188921_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.715px;top:212.1px;">6</div><div id="a188925_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:212.1px;">0</div><div id="a188928" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:227.2px;">Investment funds </div><div id="a188942" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:242.9px;">Equity<div style="display:inline-block;width:9.65px"> </div></div><div id="a188956" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.682px;top:258px;">Domestic </div><div id="a188959_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:225.128px;top:258px;">27</div><div id="a188962_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:275.755px;top:258px;">0</div><div id="a188965_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.928px;top:258px;">27</div><div id="a188969_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.035px;top:258px;">3</div><div id="a188973_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:484.915px;top:258px;">3</div><div id="a188976_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:530.808px;top:258px;">0</div><div id="a188979_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.715px;top:258px;">3</div><div id="a188983_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:258px;">0</div><div id="a188986" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.682px;top:273.6px;">Foreign </div><div id="a188989_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:225.128px;top:273.6px;">33</div><div id="a188992_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:275.755px;top:273.6px;">0</div><div id="a188995_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.928px;top:273.6px;">33</div><div id="a188999_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.035px;top:273.6px;">3</div><div id="a189003_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:480.182px;top:273.6px;">56</div><div id="a189006_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:530.808px;top:273.6px;">0</div><div id="a189009_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.982px;top:273.6px;">56</div><div id="a189013_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:273.6px;">4</div><div id="a189016" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:288.7px;">Bonds</div><div id="a189017" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:35.395px;top:289.4px;">1</div><div id="a189031" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.682px;top:303.9px;">Domestic, AAA to BBB– </div><div id="a189035_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:219.928px;top:303.9px;">266</div><div id="a189038_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:275.755px;top:303.9px;">0</div><div id="a189041_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:303.9px;">266</div><div id="a189045_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:416.302px;top:303.9px;">26</div><div id="a189049_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:474.982px;top:303.9px;">269</div><div id="a189052_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:530.808px;top:303.9px;">0</div><div id="a189055_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.782px;top:303.9px;">269</div><div id="a189059_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.995px;top:303.9px;">20</div><div id="a189062" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.682px;top:319.5px;">Domestic, below BBB– </div><div id="a189066_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:219.928px;top:319.5px;">109</div><div id="a189069_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:275.755px;top:319.5px;">0</div><div id="a189072_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:319.5px;">109</div><div id="a189076_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:416.302px;top:319.5px;">10</div><div id="a189080_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:474.982px;top:319.5px;">147</div><div id="a189083_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:530.808px;top:319.5px;">0</div><div id="a189086_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.782px;top:319.5px;">147</div><div id="a189090_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.995px;top:319.5px;">11</div><div id="a189093" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.682px;top:334.7px;">Foreign, AAA<div style="display:inline-block;width:3.74px"> </div>to BBB– </div><div id="a189097_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:229.848px;top:334.7px;">2</div><div id="a189100_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:275.755px;top:334.7px;">0</div><div id="a189103_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.662px;top:334.7px;">2</div><div id="a189107_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.035px;top:334.7px;">0</div><div id="a189111_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:480.182px;top:334.7px;">11</div><div id="a189114_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:530.808px;top:334.7px;">0</div><div id="a189117_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.982px;top:334.7px;">11</div><div id="a189121_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:334.7px;">1</div><div id="a189124" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.682px;top:350.3px;">Foreign, below BBB– </div><div id="a189128_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:229.848px;top:350.3px;">5</div><div id="a189131_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:275.755px;top:350.3px;">0</div><div id="a189134_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.662px;top:350.3px;">5</div><div id="a189138_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.035px;top:350.3px;">0</div><div id="a189142_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:484.915px;top:350.3px;">2</div><div id="a189145_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:530.808px;top:350.3px;">0</div><div id="a189148_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.715px;top:350.3px;">2</div><div id="a189152_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:350.3px;">0</div><div id="a189155" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:365.4px;">Real estate </div><div id="a189169" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.682px;top:381px;">Domestic </div><div id="a189172_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:229.848px;top:381px;">0</div><div id="a189175_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:271.035px;top:381px;">11</div><div id="a189178_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.928px;top:381px;">11</div><div id="a189182_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.035px;top:381px;">1</div><div id="a189186_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:484.915px;top:381px;">0</div><div id="a189189_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:530.808px;top:381px;">9</div><div id="a189192_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.715px;top:381px;">9</div><div id="a189196_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:381px;">1</div><div id="a189199" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:396.1px;">Other </div><div id="a189202_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:225.128px;top:396.1px;">54</div><div id="a189205_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:275.755px;top:396.1px;">0</div><div id="a189208_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.928px;top:396.1px;">54</div><div id="a189212_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.035px;top:396.1px;">5</div><div id="a189216_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:480.182px;top:396.1px;">99</div><div id="a189219_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:530.808px;top:396.1px;">0</div><div id="a189222_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.982px;top:396.1px;">99</div><div id="a189226_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:396.1px;">7</div><div id="a189229" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:411.3px;">Other investments </div><div id="a189232_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:229.848px;top:411.3px;">5</div><div id="a189235_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:275.755px;top:411.3px;">1</div><div id="a189238_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.662px;top:411.3px;">6</div><div id="a189242_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.035px;top:411.3px;">1</div><div id="a189246_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:484.915px;top:411.3px;">5</div><div id="a189249_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:530.808px;top:411.3px;">1</div><div id="a189252_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.715px;top:411.3px;">6</div><div id="a189256_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:411.3px;">0</div><div id="a189259" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:426.9px;">Total fair value of plan<div style="display:inline-block;width:4.01px"> </div>assets </div><div id="a189262_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:212.835px;top:426.9px;">1,027</div><div id="a189265_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:271.035px;top:426.9px;">12</div><div id="a189268_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:304.635px;top:426.9px;">1,039</div><div id="a189272_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:411.102px;top:426.9px;">100</div><div id="a189276_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:467.888px;top:426.9px;">1,319</div><div id="a189279_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:526.088px;top:426.9px;">10</div><div id="a189282_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:559.688px;top:426.9px;">1,329</div><div id="a189286_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.795px;top:426.9px;">100</div><div id="a189289" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:441.9px;">1 The bond credit ratings<div style="display:inline-block;width:4.28px"> </div>are primarily based<div style="display:inline-block;width:3.63px"> </div>on S&amp;P’s credit<div style="display:inline-block;width:3.47px"> </div>ratings. Ratings<div style="display:inline-block;width:3.79px"> </div>AAA to BBB–<div style="display:inline-block;width:3.02px"> </div>and below BBB<div style="display:inline-block;width:1.45px"> </div>–<div style="display:inline-block;width:1.9px"> </div>represent investment<div style="display:inline-block;width:3.93px"> </div>grade and non-investment<div style="display:inline-block;width:3.83px"> </div>grade ratings,<div style="display:inline-block;width:3.63px"> </div>respectively. In<div style="display:inline-block;width:3.53px"> </div>cases where credit ratings </div><div id="a189298" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:451.9px;">from other rating agencies were<div style="display:inline-block;width:3.95px"> </div>used, these were converted<div style="display:inline-block;width:3.42px"> </div>to the equivalent rating<div style="display:inline-block;width:3.46px"> </div>in S&amp;P’s rating<div style="display:inline-block;width:3.95px"> </div>classification.</div></div></div></div><div id="TextBlockContainer1650" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:101px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a189342" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">b) Defined contribution plans </div><div id="a189345" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.3px;">UBS<div style="display:inline-block;width:5.08px"> </div>AG sponsors<div style="display:inline-block;width:6.16px"> </div>a number<div style="display:inline-block;width:5.61px"> </div>of defined<div style="display:inline-block;width:6.18px"> </div>contribution<div style="display:inline-block;width:5.07px"> </div>plans,<div style="display:inline-block;width:5.18px"> </div>with the<div style="display:inline-block;width:5.88px"> </div>most significant<div style="display:inline-block;width:5.81px"> </div>plans<div style="display:inline-block;width:5.14px"> </div>in the<div style="display:inline-block;width:5.93px"> </div>US and<div style="display:inline-block;width:5.86px"> </div>the UK.<div style="display:inline-block;width:6.13px"> </div>UBS </div><div id="a189354" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.9px;">AG’s obligation is limited to its contributions made in accordance with each plan, which may include direct contributions </div><div id="a189359" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:58px;">and<div style="display:inline-block;width:5.64px"> </div>matching<div style="display:inline-block;width:5.2px"> </div>contributions.<div style="display:inline-block;width:5.76px"> </div>Employer<div style="display:inline-block;width:5.47px"> </div>contributions<div style="display:inline-block;width:5.59px"> </div>to<div style="display:inline-block;width:5.25px"> </div>defined<div style="display:inline-block;width:5.55px"> </div>contribution<div style="display:inline-block;width:5.54px"> </div>plans<div style="display:inline-block;width:5.55px"> </div>are<div style="display:inline-block;width:5.29px"> </div>recognized<div style="display:inline-block;width:5.81px"> </div>as<div style="display:inline-block;width:5.25px"> </div>an<div style="display:inline-block;width:5.4px"> </div>expense<div style="display:inline-block;width:5.54px"> </div>and </div><div id="a189365" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:73.6px;">were USD </div><div id="a189365_9_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:64.995px;top:73.6px;">299</div><div id="a189365_12_15" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:87.725px;top:73.6px;">m in 2022, USD </div><div id="a189365_27_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:181.872px;top:73.6px;">303</div><div id="a189365_30_18" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:204.125px;top:73.6px;">m in 2021 and USD </div><div id="a189365_48_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:319.573px;top:73.6px;">291</div><div id="a189365_51_11" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:342.312px;top:73.6px;">m in 2020. </div><div id="a189378" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:85.3px;">›</div><div id="a189379" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:85.6px;"> </div><div id="a189380" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:90.2px;">Refer to Note 6 for<div style="display:inline-block;width:1.34px"> </div>more information</div></div><div id="TextBlockContainer1652" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:146px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a189385" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">c) Related-party disclosure </div><div id="a189392" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.3px;">UBS AG is the principal provider of banking services for the pension fund<div style="display:inline-block;width:5.05px"> </div>of UBS AG in Switzerland. In this capacity,<div style="display:inline-block;width:5.11px"> </div>UBS </div><div id="a189394" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.4px;">AG is engaged to execute<div style="display:inline-block;width:5.17px"> </div>most of the pension fund’s<div style="display:inline-block;width:5.6px"> </div>banking activities. These activities<div style="display:inline-block;width:5.1px"> </div>can include, but are not<div style="display:inline-block;width:5.09px"> </div>limited </div><div id="a189395" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:58.1px;">to, trading,<div style="display:inline-block;width:5.32px"> </div>securities lending<div style="display:inline-block;width:5.52px"> </div>and borrowing<div style="display:inline-block;width:6.18px"> </div>and derivative transactions.<div style="display:inline-block;width:6.09px"> </div>The non<div style="display:inline-block;width:1.62px"> </div>-Swiss UBS AG<div style="display:inline-block;width:5.28px"> </div>pension funds<div style="display:inline-block;width:5.62px"> </div>do not </div><div id="a189402" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:73.2px;">have a similar<div style="display:inline-block;width:5.31px"> </div>banking relationship<div style="display:inline-block;width:6.02px"> </div>with UBS<div style="display:inline-block;width:5.24px"> </div>AG. During<div style="display:inline-block;width:5.67px"> </div>2022, UBS<div style="display:inline-block;width:5.23px"> </div>AG received USD </div><div id="a189402_82_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:500.319px;top:73.2px;">20</div><div id="a189402_84_31" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:515.485px;top:73.2px;">m in fees<div style="display:inline-block;width:5.25px"> </div>for banking<div style="display:inline-block;width:5.43px"> </div>services </div><div id="a189410" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:88.8px;">from the major post-employment benefit plans (2021: USD </div><div id="a189410_56_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:342.28px;top:88.8px;">22</div><div id="a189410_58_54" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:357.445px;top:88.8px;">m). As of 31 December 2022, the major<div style="display:inline-block;width:2.17px"> </div>post-employment </div><div id="a189422" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:103.9px;">benefit plans held USD </div><div id="a189422_23_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:138.806px;top:103.9px;">253</div><div id="a189422_26_48" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:161.058px;top:103.9px;">m in UBS Group AG shares<div style="display:inline-block;width:5.26px"> </div>(31 December 2021: USD </div><div id="a189422_74_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:467.13px;top:103.9px;">241</div><div id="a189422_77_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:489.356px;top:103.9px;">m). </div><div id="a189437" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:20.038px;top:115.6px;">›</div><div id="a189438" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;color:#000000;left:25.24px;top:115.8px;"> </div><div id="a189439" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:120.5px;">Refer to the “Composition<div style="display:inline-block;width:0.83px"> </div>and fair value<div style="display:inline-block;width:1.62px"> </div>of plan assets”<div style="display:inline-block;width:1.29px"> </div>table in Note<div style="display:inline-block;width:1.61px"> </div>26a for more information<div style="display:inline-block;width:1.05px"> </div>about fair value<div style="display:inline-block;width:1.62px"> </div>of investments<div style="display:inline-block;width:1.41px"> </div>in </div><div id="a189447" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;color:#000000;left:31.42px;top:135.1px;">UBS AG and UBS<div style="display:inline-block;width:1.33px"> </div>Group AG instruments<div style="display:inline-block;width:1.36px"> </div>held by the Swiss<div style="display:inline-block;width:1.36px"> </div>pension fund</div></div> 0.065 0.275 0.028 0.09 0.025 0.135 0 0.09 65 58 70 P10Y 0.50 1.190 1.348 4418000000 3716000000 390000000 421000000 143000000 152000000 126000000 275000000 60 5000000 -1000000 -3000000 292000000 337000000 18000000 65 11000000 65 0.05 0.06 0.04 0.009 0 12000000 <div id="TextBlockContainer1607" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:687px;height:651px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a184259" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Defined benefit plans </div><div id="a184271" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:25.2px;">USD m </div><div id="a184274" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:329.702px;top:25.2px;">Swiss pension plan </div><div id="a184277" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:424.822px;top:25.2px;">UK pension plan </div><div id="a184280" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.568px;top:13.4px;">US and German </div><div id="a184281" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.875px;top:25.2px;">pension plans </div><div id="a184284" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:629.235px;top:25.2px;">Total </div><div id="a184288" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:343.915px;top:38px;">2022 </div><div id="a184290" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:38px;">2021 </div><div id="a184293" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.275px;top:38px;">2022 </div><div id="a184295" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.395px;top:38px;">2021 </div><div id="a184298" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.142px;top:38px;">2022 </div><div id="a184300" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.208px;top:38px;">2021 </div><div id="a184303" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:617.422px;top:38px;">2022 </div><div id="a184305" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:38px;">2021 </div><div id="a184307" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:51.7px;">Defined benefit obligation at the beginning of the year </div><div id="a184310_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:336.822px;top:51.7px;">15,480</div><div id="a184313_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.502px;top:51.7px;">15,619</div><div id="a184317_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:431.915px;top:51.7px;">4,105</div><div id="a184320_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.035px;top:51.7px;">4,162</div><div id="a184324_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:522.768px;top:51.7px;">1,740</div><div id="a184327_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:565.835px;top:51.7px;">1,905</div><div id="a184331_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.328px;top:51.7px;">21,324</div><div id="a184334_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:51.7px;">21,686</div><div id="a184337" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:65.9px;">Current service cost </div><div id="a184340_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.648px;top:65.9px;">240</div><div id="a184343_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:65.9px;">285</div><div id="a184347_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:65.9px;">0</div><div id="a184350_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:65.9px;">0</div><div id="a184354_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:65.9px;">5</div><div id="a184357_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:65.9px;">6</div><div id="a184361_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.142px;top:65.9px;">244</div><div id="a184364_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:65.9px;">291</div><div id="a184367" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:80.6px;">Interest expense </div><div id="a184370_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.648px;top:80.6px;">195</div><div id="a184373_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.555px;top:80.6px;">33</div><div id="a184377_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:444.235px;top:80.6px;">67</div><div id="a184380_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:486.328px;top:80.6px;">58</div><div id="a184384_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.075px;top:80.6px;">35</div><div id="a184387_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.128px;top:80.6px;">30</div><div id="a184391_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.142px;top:80.6px;">297</div><div id="a184394_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:80.6px;">122</div><div id="a184397" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:94.8px;">Plan participant contributions </div><div id="a184400_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.648px;top:94.8px;">154</div><div id="a184403_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:94.8px;">161</div><div id="a184407_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:94.8px;">0</div><div id="a184410_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:94.8px;">0</div><div id="a184414_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:94.8px;">0</div><div id="a184417_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:94.8px;">0</div><div id="a184421_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.142px;top:94.8px;">154</div><div id="a184424_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:94.8px;">161</div><div id="a184427" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:109px;">Remeasurements </div><div id="a184430_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:336.822px;top:109px;display:flex;">(2,424)</div><div id="a184433_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:109px;">490</div><div id="a184437_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:427.182px;top:109px;display:flex;">(1,474)</div><div id="a184440_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:486.328px;top:109px;">71</div><div id="a184444_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.142px;top:109px;display:flex;">(267)</div><div id="a184447_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.928px;top:109px;display:flex;">(62)</div><div id="a184451_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.328px;top:109px;display:flex;">(4,165)</div><div id="a184454_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:109px;">498</div><div id="a184457" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:123.6px;">of which: actuarial (gains) / losses due to changes in demographic<div style="display:inline-block;width:4.1px"> </div>assumptions </div><div id="a184460_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:358.582px;top:123.6px;">2</div><div id="a184463_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:394.555px;top:123.6px;">26</div><div id="a184467_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:444.235px;top:123.6px;display:flex;">(6)</div><div id="a184470_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:486.328px;top:123.6px;">14</div><div id="a184474_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:539.795px;top:123.6px;">1</div><div id="a184477_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:582.862px;top:123.6px;">4</div><div id="a184481_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:627.355px;top:123.6px;display:flex;">(3)</div><div id="a184484_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:670.408px;top:123.6px;">45</div><div id="a184487" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:137.8px;">of which: actuarial (gains) / losses due to changes in financial<div style="display:inline-block;width:3.94px"> </div>assumptions </div><div id="a184490_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:336.822px;top:138.3px;display:flex;">(2,653)</div><div id="a184493_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:384.595px;top:138.3px;display:flex;">(385)</div><div id="a184497_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:427.182px;top:138.3px;display:flex;">(1,575)</div><div id="a184500_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:485.848px;top:138.3px;display:flex;">(3)</div><div id="a184504_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:525.142px;top:138.3px;display:flex;">(279)</div><div id="a184507_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:572.928px;top:138.3px;display:flex;">(78)</div><div id="a184511_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:610.328px;top:138.3px;display:flex;">(4,506)</div><div id="a184514_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:660.488px;top:138.3px;display:flex;">(466)</div><div id="a184517" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:152px;">of which: experience (gains) / losses</div><div id="a184518" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:142.808px;top:152.7px;">1</div><div id="a184521_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:348.648px;top:152px;">226</div><div id="a184524_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:389.355px;top:152px;">848</div><div id="a184528_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:439.008px;top:152px;">107</div><div id="a184531_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:486.328px;top:152px;">59</div><div id="a184535_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:535.075px;top:152px;">11</div><div id="a184538_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:578.128px;top:152px;">12</div><div id="a184542_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:622.142px;top:152px;">344</div><div id="a184545_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:665.208px;top:152px;">919</div><div id="a184548" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:166.7px;">Past service cost related to plan amendments </div><div id="a184551_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:358.582px;top:166.7px;">0</div><div id="a184554_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:399.275px;top:166.7px;">0</div><div id="a184558_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:166.7px;">0</div><div id="a184561_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:166.7px;">0</div><div id="a184565_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:166.7px;">0</div><div id="a184568_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:166.7px;">4</div><div id="a184572_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:632.075px;top:166.7px;">0</div><div id="a184575_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.142px;top:166.7px;">4</div><div id="a184578" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:180.9px;">Curtailments </div><div id="a184581_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:349.128px;top:180.9px;display:flex;">(13)</div><div id="a184584_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:180.9px;display:flex;">(49)</div><div id="a184588_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:180.9px;">0</div><div id="a184591_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:180.9px;">0</div><div id="a184595_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:180.9px;">0</div><div id="a184598_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:180.9px;">0</div><div id="a184602_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.622px;top:180.9px;display:flex;">(13)</div><div id="a184605_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:180.9px;display:flex;">(49)</div><div id="a184608" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:195.1px;">Benefit payments </div><div id="a184611_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:343.915px;top:195.1px;display:flex;">(796)</div><div id="a184614_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:195.1px;display:flex;">(602)</div><div id="a184618_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.275px;top:195.1px;display:flex;">(123)</div><div id="a184621_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.395px;top:195.1px;display:flex;">(148)</div><div id="a184625_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.142px;top:195.1px;display:flex;">(111)</div><div id="a184628_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.208px;top:195.1px;display:flex;">(112)</div><div id="a184632_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.328px;top:195.1px;display:flex;">(1,030)</div><div id="a184635_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:195.1px;display:flex;">(862)</div><div id="a184638" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:209.8px;">Other movements </div><div id="a184641_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:353.848px;top:209.8px;display:flex;">(5)</div><div id="a184644_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:399.275px;top:209.8px;">0</div><div id="a184648_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:209.8px;">0</div><div id="a184651_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:209.8px;">0</div><div id="a184655_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:209.8px;">0</div><div id="a184658_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:209.8px;">1</div><div id="a184662_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:627.355px;top:209.8px;display:flex;">(5)</div><div id="a184665_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.142px;top:209.8px;">1</div><div id="a184668" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:223.9px;">Foreign currency translation </div><div id="a184671_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:343.915px;top:223.9px;display:flex;">(291)</div><div id="a184674_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:223.9px;display:flex;">(456)</div><div id="a184678_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.275px;top:223.9px;display:flex;">(408)</div><div id="a184681_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.128px;top:223.9px;display:flex;">(38)</div><div id="a184685_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:530.342px;top:223.9px;display:flex;">(28)</div><div id="a184688_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.928px;top:223.9px;display:flex;">(33)</div><div id="a184692_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:617.422px;top:223.9px;display:flex;">(727)</div><div id="a184695_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:223.9px;display:flex;">(527)</div><div id="a184698" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:237.7px;">Defined benefit obligation at the<div style="display:inline-block;width:3.8px"> </div>end of the year </div><div id="a184701_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:336.822px;top:237.7px;">12,539</div><div id="a184704_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.502px;top:237.7px;">15,480</div><div id="a184708_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:431.915px;top:237.7px;">2,166</div><div id="a184711_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.035px;top:237.7px;">4,105</div><div id="a184715_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:522.768px;top:237.7px;">1,375</div><div id="a184718_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:565.835px;top:237.7px;">1,740</div><div id="a184722_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.328px;top:237.7px;">16,080</div><div id="a184725_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:237.7px;">21,324</div><div id="a184728" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:251.8px;">of which: amounts owed to active members </div><div id="a184731_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:341.555px;top:251.8px;">7,103</div><div id="a184734_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.222px;top:251.8px;">8,604</div><div id="a184738_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:444.235px;top:251.8px;">65</div><div id="a184741_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:481.128px;top:251.8px;">150</div><div id="a184745_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:529.862px;top:251.8px;">169</div><div id="a184748_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:572.928px;top:251.8px;">222</div><div id="a184752_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:615.048px;top:251.8px;">7,336</div><div id="a184755_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:658.115px;top:251.8px;">8,976</div><div id="a184758" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:266.1px;">of which: amounts owed to deferred members </div><div id="a184761_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:358.582px;top:266.1px;">0</div><div id="a184764_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.275px;top:266.1px;">0</div><div id="a184768_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:439.008px;top:266.1px;">656</div><div id="a184771_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:474.035px;top:266.1px;">1,593</div><div id="a184775_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:529.862px;top:266.1px;">528</div><div id="a184778_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:572.928px;top:266.1px;">669</div><div id="a184782_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:615.048px;top:266.1px;">1,184</div><div id="a184785_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:658.115px;top:266.1px;">2,262</div><div id="a184788" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:280.7px;">of which: amounts owed to retirees </div><div id="a184791_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:341.555px;top:280.7px;">5,436</div><div id="a184794_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:382.222px;top:280.7px;">6,876</div><div id="a184798_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:431.915px;top:280.7px;">1,445</div><div id="a184801_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:474.035px;top:280.7px;">2,362</div><div id="a184805_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:529.862px;top:280.7px;">678</div><div id="a184808_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:572.928px;top:280.7px;">849</div><div id="a184812_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:615.048px;top:280.7px;">7,560</div><div id="a184815_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:653.395px;top:280.7px;">10,086</div><div id="a184818" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:294.4px;">of which: funded plans </div><div id="a184821_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:336.822px;top:294.4px;">12,539</div><div id="a184824_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:377.502px;top:294.4px;">15,480</div><div id="a184828_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:431.915px;top:294.4px;">2,166</div><div id="a184831_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:474.035px;top:294.4px;">4,105</div><div id="a184835_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:522.768px;top:294.4px;">1,011</div><div id="a184838_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:565.835px;top:294.4px;">1,222</div><div id="a184842_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:610.328px;top:294.4px;">15,717</div><div id="a184845_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:653.395px;top:294.4px;">20,806</div><div id="a184848" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:308.6px;">of which: unfunded plans </div><div id="a184851_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:358.582px;top:308.6px;">0</div><div id="a184854_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:399.275px;top:308.6px;">0</div><div id="a184858_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:448.968px;top:308.6px;">0</div><div id="a184861_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:491.062px;top:308.6px;">0</div><div id="a184865_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:529.862px;top:308.6px;">363</div><div id="a184868_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:572.928px;top:308.6px;">518</div><div id="a184872_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:622.142px;top:308.6px;">363</div><div id="a184875_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:665.208px;top:308.6px;">518</div><div id="a184878" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:322.8px;">Fair value of plan assets at the beginning<div style="display:inline-block;width:4.12px"> </div>of the year </div><div id="a184881_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:336.822px;top:322.8px;">19,196</div><div id="a184884_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.502px;top:322.8px;">18,358</div><div id="a184888_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:431.915px;top:322.8px;">4,297</div><div id="a184891_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.035px;top:322.8px;">4,149</div><div id="a184895_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:522.768px;top:322.8px;">1,329</div><div id="a184898_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:565.835px;top:322.8px;">1,360</div><div id="a184902_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.328px;top:322.8px;">24,821</div><div id="a184905_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:322.8px;">23,867</div><div id="a184908" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:337.5px;">Return on plan assets excluding interest income </div><div id="a184911_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:336.822px;top:337.5px;display:flex;">(1,942)</div><div id="a184914_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:382.222px;top:337.5px;">1,319</div><div id="a184918_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:427.182px;top:337.5px;display:flex;">(1,312)</div><div id="a184921_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.128px;top:337.5px;">277</div><div id="a184925_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.142px;top:337.5px;display:flex;">(223)</div><div id="a184928_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.128px;top:337.5px;">40</div><div id="a184932_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.328px;top:337.5px;display:flex;">(3,476)</div><div id="a184935_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:337.5px;">1,637</div><div id="a184938" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:351.7px;">Interest income </div><div id="a184941_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.648px;top:351.7px;">274</div><div id="a184944_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.555px;top:351.7px;">42</div><div id="a184948_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:444.235px;top:351.7px;">70</div><div id="a184951_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:486.328px;top:351.7px;">58</div><div id="a184955_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.075px;top:351.7px;">31</div><div id="a184958_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.128px;top:351.7px;">26</div><div id="a184962_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.142px;top:351.7px;">376</div><div id="a184965_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:351.7px;">127</div><div id="a184968" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:365.9px;">Employer contributions<div style="display:inline-block;width:3.08px"> </div></div><div id="a184971_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.648px;top:365.9px;">401</div><div id="a184974_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:365.9px;">450</div><div id="a184978_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:365.9px;">5</div><div id="a184981_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:365.9px;">0</div><div id="a184985_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.075px;top:365.9px;">16</div><div id="a184988_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.128px;top:365.9px;">16</div><div id="a184992_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.142px;top:365.9px;">422</div><div id="a184995_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:365.9px;">466</div><div id="a184998" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:380.1px;">Plan participant contributions </div><div id="a185001_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.648px;top:380.1px;">154</div><div id="a185004_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:380.1px;">161</div><div id="a185008_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:380.1px;">0</div><div id="a185011_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:380.1px;">0</div><div id="a185015_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:380.1px;">0</div><div id="a185018_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:380.1px;">0</div><div id="a185022_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.142px;top:380.1px;">154</div><div id="a185025_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:380.1px;">161</div><div id="a185028" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:394.7px;">Benefit payments </div><div id="a185031_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:343.915px;top:394.7px;display:flex;">(796)</div><div id="a185034_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:394.7px;display:flex;">(602)</div><div id="a185038_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.275px;top:394.7px;display:flex;">(123)</div><div id="a185041_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.395px;top:394.7px;display:flex;">(148)</div><div id="a185045_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.142px;top:394.7px;display:flex;">(111)</div><div id="a185048_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.208px;top:394.7px;display:flex;">(112)</div><div id="a185052_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.328px;top:394.7px;display:flex;">(1,030)</div><div id="a185055_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:394.7px;display:flex;">(862)</div><div id="a185058" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:408.9px;">Administration expenses, taxes and premiums paid </div><div id="a185061_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:353.848px;top:408.9px;display:flex;">(7)</div><div id="a185064_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.075px;top:408.9px;display:flex;">(8)</div><div id="a185068_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:408.9px;">0</div><div id="a185071_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:408.9px;">0</div><div id="a185075_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:535.075px;top:408.9px;display:flex;">(3)</div><div id="a185078_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.662px;top:408.9px;display:flex;">(4)</div><div id="a185082_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.622px;top:408.9px;display:flex;">(11)</div><div id="a185085_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:408.9px;display:flex;">(11)</div><div id="a185088" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:423.1px;">Other movements </div><div id="a185091_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:353.848px;top:423.1px;display:flex;">(1)</div><div id="a185094_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:399.275px;top:423.1px;">0</div><div id="a185098_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:423.1px;">0</div><div id="a185101_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:423.1px;">0</div><div id="a185105_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:423.1px;">0</div><div id="a185108_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:423.1px;">1</div><div id="a185112_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:627.355px;top:423.1px;display:flex;">(1)</div><div id="a185115_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.142px;top:423.1px;">1</div><div id="a185118" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:437.8px;">Foreign currency translation </div><div id="a185121_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:343.915px;top:437.8px;display:flex;">(322)</div><div id="a185124_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:437.8px;display:flex;">(524)</div><div id="a185128_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:434.275px;top:437.8px;display:flex;">(450)</div><div id="a185131_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.128px;top:437.8px;display:flex;">(39)</div><div id="a185135_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:437.8px;">0</div><div id="a185138_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:437.8px;">0</div><div id="a185142_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:617.422px;top:437.8px;display:flex;">(772)</div><div id="a185145_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:437.8px;display:flex;">(563)</div><div id="a185148" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:451.5px;">Fair value of plan assets<div style="display:inline-block;width:3.86px"> </div>at the end of the year </div><div id="a185151_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:336.822px;top:451.5px;">16,957</div><div id="a185154_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:377.502px;top:451.5px;">19,196</div><div id="a185158_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:431.915px;top:451.5px;">2,488</div><div id="a185161_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.035px;top:451.5px;">4,297</div><div id="a185165_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:522.768px;top:451.5px;">1,039</div><div id="a185168_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:565.835px;top:451.5px;">1,329</div><div id="a185172_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:610.328px;top:451.5px;">20,484</div><div id="a185175_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:653.395px;top:451.5px;">24,821</div><div id="a185178" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:465.7px;">Surplus / (deficit) </div><div id="a185181_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.555px;top:465.7px;">4,418</div><div id="a185184_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:382.222px;top:465.7px;">3,716</div><div id="a185188_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:439.008px;top:465.7px;">321</div><div id="a185191_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.128px;top:465.7px;">192</div><div id="a185195_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.142px;top:465.7px;display:flex;">(335)</div><div id="a185198_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.208px;top:465.7px;display:flex;">(411)</div><div id="a185202_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:615.048px;top:465.7px;">4,404</div><div id="a185205_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:465.7px;">3,497</div><div id="a185208" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:479.9px;">Asset ceiling effect at the beginning of the year </div><div id="a185211_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.555px;top:479.9px;">3,716</div><div id="a185214_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:382.222px;top:479.9px;">2,739</div><div id="a185218_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:479.9px;">0</div><div id="a185221_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:479.9px;">0</div><div id="a185225_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:479.9px;">0</div><div id="a185228_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:479.9px;">0</div><div id="a185232_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:615.048px;top:479.9px;">3,716</div><div id="a185235_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:479.9px;">2,739</div><div id="a185238" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:494.6px;">Interest expense on asset ceiling effect </div><div id="a185241_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:353.848px;top:494.6px;">77</div><div id="a185244_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:399.275px;top:494.6px;">8</div><div id="a185248_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:494.6px;">0</div><div id="a185251_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:494.6px;">0</div><div id="a185255_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:494.6px;">0</div><div id="a185258_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:494.6px;">0</div><div id="a185262_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:627.355px;top:494.6px;">77</div><div id="a185265_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:675.142px;top:494.6px;">8</div><div id="a185268" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:507.8px;">Asset ceiling effect excluding interest expense and foreign<div style="display:inline-block;width:3.76px"> </div>currency translation on </div><div id="a185269" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:519.6px;">asset ceiling effect </div><div id="a185272_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.648px;top:519.6px;">656</div><div id="a185275_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:382.222px;top:519.6px;">1,037</div><div id="a185279_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:519.6px;">0</div><div id="a185282_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:519.6px;">0</div><div id="a185286_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:519.6px;">0</div><div id="a185289_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:519.6px;">0</div><div id="a185293_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.142px;top:519.6px;">656</div><div id="a185296_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:519.6px;">1,037</div><div id="a185299" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:533.4px;">Foreign currency translation </div><div id="a185302_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:349.128px;top:533.4px;display:flex;">(31)</div><div id="a185305_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:389.355px;top:533.4px;display:flex;">(68)</div><div id="a185309_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:533.4px;">0</div><div id="a185312_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:533.4px;">0</div><div id="a185316_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:533.4px;">0</div><div id="a185319_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:533.4px;">0</div><div id="a185323_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.622px;top:533.4px;display:flex;">(31)</div><div id="a185326_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:533.4px;display:flex;">(68)</div><div id="a185329" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:547.1px;">Asset ceiling effect at the end of the year </div><div id="a185332_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.555px;top:547.1px;">4,418</div><div id="a185335_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:382.222px;top:547.1px;">3,716</div><div id="a185339_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:547.1px;">0</div><div id="a185342_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:491.062px;top:547.1px;">0</div><div id="a185346_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.795px;top:547.1px;">0</div><div id="a185349_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:547.1px;">0</div><div id="a185353_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:615.048px;top:547.1px;">4,418</div><div id="a185356_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:547.1px;">3,716</div><div id="a185359" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:561.2px;">Net defined benefit asset / (liability) of<div style="display:inline-block;width:4.07px"> </div>major plans </div><div id="a185362_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:358.582px;top:561.2px;">0</div><div id="a185365_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:399.275px;top:561.2px;">0</div><div id="a185369_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:439.008px;top:561.2px;">321</div><div id="a185372_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.128px;top:561.2px;">192</div><div id="a185376_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.142px;top:561.2px;display:flex;">(335)</div><div id="a185379_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.208px;top:561.2px;display:flex;">(411)</div><div id="a185383_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.622px;top:561.2px;display:flex;">(14)</div><div id="a185386_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:561.2px;display:flex;">(219)</div><div id="a185389" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:575px;">Net defined benefit asset / (liability) of remaining<div style="display:inline-block;width:4.43px"> </div>plans </div><div id="a185401_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.622px;top:575px;display:flex;">(80)</div><div id="a185404_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:665.208px;top:575px;display:flex;">(96)</div><div id="a185407" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:589.2px;">Total net defined benefit<div style="display:inline-block;width:4.06px"> </div>asset / (liability) </div><div id="a185420_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.622px;top:589.2px;display:flex;">(94)</div><div id="a185423_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.488px;top:589.2px;display:flex;">(315)</div><div id="a185426" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:604.3px;">of which: Net defined benefit asset </div><div id="a185438_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:622.142px;top:604.3px;">355</div><div id="a185441_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:665.208px;top:604.3px;">302</div><div id="a185444" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:619px;">of which: Net defined benefit liability</div><div id="a185446" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:146.595px;top:619.6px;">2</div><div id="a185458_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:617.422px;top:619px;display:flex;">(449)</div><div id="a185461_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:660.488px;top:619px;display:flex;">(617)</div><div id="a185464" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:632.6px;">1 Experience (gains)<div style="display:inline-block;width:3.69px"> </div>/ losses<div style="display:inline-block;width:3.46px"> </div>are a component<div style="display:inline-block;width:4.41px"> </div>of actuarial remeasurements<div style="display:inline-block;width:4.89px"> </div>of the defined<div style="display:inline-block;width:3.64px"> </div>benefit obligation<div style="display:inline-block;width:3.61px"> </div>and reflect<div style="display:inline-block;width:4.11px"> </div>the effects<div style="display:inline-block;width:3.54px"> </div>of differences between<div style="display:inline-block;width:4.43px"> </div>the previous actuarial<div style="display:inline-block;width:4.41px"> </div>assumptions and<div style="display:inline-block;width:3.62px"> </div>what has actually </div><div id="a185468" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:642.5px;">occurred.<div style="display:inline-block;width:8.36px"> </div>2 Refer to Note 18c.</div></div><div id="TextBlockContainer1611" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:488px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a185510" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:2.8px;">Income statement – expenses related<div style="display:inline-block;width:3.78px"> </div>to defined benefit plans</div><div id="a185514" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:227.47px;top:3.5px;">1</div><div id="a185528" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:28.4px;">USD m </div><div id="a185531" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:329.204px;top:28.4px;">Swiss pension plan </div><div id="a185534" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:424.324px;top:28.4px;">UK pension plan </div><div id="a185537" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.07px;top:16.6px;">US and German </div><div id="a185538" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.377px;top:28.4px;">pension plans </div><div id="a185541" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.737px;top:28.4px;">Total </div><div id="a185543" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:41.6px;">For the year ended </div><div id="a185546" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:329.204px;top:41.6px;">31.12.22 </div><div id="a185548" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:369.91px;top:41.6px;">31.12.21 </div><div id="a185551" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:419.59px;top:41.6px;">31.12.22 </div><div id="a185553" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:461.71px;top:41.6px;">31.12.21 </div><div id="a185556" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:510.457px;top:41.6px;">31.12.22 </div><div id="a185558" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.524px;top:41.6px;">31.12.21 </div><div id="a185561" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:602.737px;top:41.6px;">31.12.22 </div><div id="a185563" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.764px;top:41.6px;">31.12.21 </div><div id="a185565" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:56.3px;">Current service cost </div><div id="a185568_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.15px;top:56.3px;">240</div><div id="a185571_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.857px;top:56.3px;">285</div><div id="a185575_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.47px;top:56.3px;">0</div><div id="a185578_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.564px;top:56.3px;">0</div><div id="a185582_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:56.3px;">5</div><div id="a185585_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:56.3px;">6</div><div id="a185589_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:621.644px;top:56.3px;">244</div><div id="a185592_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.71px;top:56.3px;">291</div><div id="a185595" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:71.9px;">Interest expense related to defined benefit obligation </div><div id="a185598_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.15px;top:71.9px;">195</div><div id="a185601_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:394.057px;top:71.9px;">33</div><div id="a185605_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:443.737px;top:71.9px;">67</div><div id="a185608_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:485.83px;top:71.9px;">58</div><div id="a185612_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:534.577px;top:71.9px;">35</div><div id="a185615_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:71.9px;">30</div><div id="a185619_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:621.644px;top:71.9px;">297</div><div id="a185622_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.71px;top:71.9px;">122</div><div id="a185625" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:87px;">Interest income related to plan assets </div><div id="a185628_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:343.417px;top:87px;display:flex;">(274)</div><div id="a185631_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.857px;top:87px;display:flex;">(42)</div><div id="a185635_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.977px;top:87px;display:flex;">(70)</div><div id="a185638_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.63px;top:87px;display:flex;">(58)</div><div id="a185642_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.844px;top:87px;display:flex;">(31)</div><div id="a185645_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:87px;display:flex;">(26)</div><div id="a185649_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:616.924px;top:87px;display:flex;">(376)</div><div id="a185652_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.99px;top:87px;display:flex;">(127)</div><div id="a185655" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:102.6px;">Interest expense on asset ceiling effect </div><div id="a185658_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:353.35px;top:102.6px;">77</div><div id="a185661_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:398.777px;top:102.6px;">8</div><div id="a185665_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.47px;top:102.6px;">0</div><div id="a185668_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.564px;top:102.6px;">0</div><div id="a185672_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:102.6px;">0</div><div id="a185675_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:102.6px;">0</div><div id="a185679_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:626.857px;top:102.6px;">77</div><div id="a185682_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.644px;top:102.6px;">8</div><div id="a185685" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:117.8px;">Administration expenses, taxes and premiums paid </div><div id="a185688_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:358.084px;top:117.8px;">7</div><div id="a185691_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:398.777px;top:117.8px;">8</div><div id="a185695_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.47px;top:117.8px;">0</div><div id="a185698_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.564px;top:117.8px;">0</div><div id="a185702_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:117.8px;">3</div><div id="a185705_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:117.8px;">4</div><div id="a185709_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:626.857px;top:117.8px;">11</div><div id="a185712_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.91px;top:117.8px;">11</div><div id="a185715" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:132.9px;">Past service cost related to plan amendments </div><div id="a185718_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:358.084px;top:132.9px;">0</div><div id="a185721_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:398.777px;top:132.9px;">0</div><div id="a185725_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.47px;top:132.9px;">0</div><div id="a185728_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.564px;top:132.9px;">0</div><div id="a185732_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:132.9px;">0</div><div id="a185735_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:132.9px;">4</div><div id="a185739_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:631.577px;top:132.9px;">0</div><div id="a185742_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.644px;top:132.9px;">4</div><div id="a185745" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:148.6px;">Curtailments </div><div id="a185748_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.63px;top:148.6px;display:flex;">(13)</div><div id="a185751_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.857px;top:148.6px;display:flex;">(49)</div><div id="a185755_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.47px;top:148.6px;">0</div><div id="a185758_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.564px;top:148.6px;">0</div><div id="a185762_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:148.6px;">0</div><div id="a185765_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:148.6px;">0</div><div id="a185769_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:622.124px;top:148.6px;display:flex;">(13)</div><div id="a185772_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.71px;top:148.6px;display:flex;">(49)</div><div id="a185775" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:163.2px;">Net periodic expenses recognized in net<div style="display:inline-block;width:3.92px"> </div>profit for major plans </div><div id="a185778_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:348.15px;top:163.2px;">230</div><div id="a185781_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.857px;top:163.2px;">243</div><div id="a185785_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:443.737px;top:163.2px;display:flex;">(3)</div><div id="a185788_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.564px;top:163.2px;">0</div><div id="a185792_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:534.577px;top:163.2px;">12</div><div id="a185795_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:163.2px;">18</div><div id="a185799_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:621.644px;top:163.2px;">239</div><div id="a185802_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.71px;top:163.2px;">261</div><div id="a185805" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:178.3px;">Net periodic expenses recognized in net<div style="display:inline-block;width:3.92px"> </div>profit for remaining plans</div><div id="a185806" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:242.63px;top:179px;">2</div><div id="a185818_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:626.857px;top:178.3px;">17</div><div id="a185821_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.91px;top:178.3px;">19</div><div id="a185824" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:194px;">Total net periodic<div style="display:inline-block;width:3.71px"> </div>expenses recognized in net profit </div><div id="a185836_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:621.644px;top:194px;">256</div><div id="a185839_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.71px;top:194px;">280</div><div id="a185842" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:208.5px;">1 Refer to Note 6.<div style="display:inline-block;width:9.06px"> </div>2 Includes differences between<div style="display:inline-block;width:3.83px"> </div>actual and estimated performance<div style="display:inline-block;width:4.12px"> </div>award accruals. </div><div id="a185858" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:233.7px;">Other comprehensive income – gains /<div style="display:inline-block;width:3.94px"> </div>(losses) on defined benefit plans<div style="display:inline-block;width:3.14px"> </div></div><div id="a185869" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:258.8px;">USD m </div><div id="a185872" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:329.204px;top:258.8px;">Swiss pension plan </div><div id="a185875" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:424.324px;top:258.8px;">UK pension plan </div><div id="a185878" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.07px;top:247px;">US and German </div><div id="a185879" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.377px;top:258.8px;">pension plans </div><div id="a185882" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.737px;top:258.8px;">Total </div><div id="a185884" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:272.5px;">For the year ended </div><div id="a185887" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:329.204px;top:272.5px;">31.12.22 </div><div id="a185889" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:369.91px;top:272.5px;">31.12.21 </div><div id="a185892" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:419.59px;top:272.5px;">31.12.22 </div><div id="a185894" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:461.71px;top:272.5px;">31.12.21 </div><div id="a185897" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:510.457px;top:272.5px;">31.12.22 </div><div id="a185899" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.524px;top:272.5px;">31.12.21 </div><div id="a185902" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:602.737px;top:272.5px;">31.12.22 </div><div id="a185904" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.764px;top:272.5px;">31.12.21 </div><div id="a185906" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:287.2px;">Remeasurement of defined benefit obligation </div><div id="a185909_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:341.057px;top:287.2px;">2,424</div><div id="a185912_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:287.2px;display:flex;">(490)</div><div id="a185916_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:431.417px;top:287.2px;">1,474</div><div id="a185919_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.63px;top:287.2px;display:flex;">(71)</div><div id="a185923_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:529.364px;top:287.2px;">267</div><div id="a185926_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:287.2px;">62</div><div id="a185930_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:614.55px;top:287.2px;">4,165</div><div id="a185933_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.99px;top:287.2px;display:flex;">(498)</div><div id="a185936" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:302.3px;">of which: change in discount rate assumption </div><div id="a185939_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:341.057px;top:302.3px;">3,078</div><div id="a185942_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:388.857px;top:302.3px;">494</div><div id="a185946_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:431.417px;top:302.3px;">1,451</div><div id="a185949_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:480.63px;top:302.3px;">319</div><div id="a185953_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:529.364px;top:302.3px;">317</div><div id="a185956_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:577.63px;top:302.3px;">77</div><div id="a185960_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:614.55px;top:302.3px;">4,846</div><div id="a185963_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.71px;top:302.3px;">890</div><div id="a185966" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:317.4px;">of which: change in rate of pension increase<div style="display:inline-block;width:3.79px"> </div>assumption </div><div id="a185969_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:358.084px;top:317.4px;">0</div><div id="a185972_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:398.777px;top:317.4px;">0</div><div id="a185976_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:438.51px;top:317.4px;">123</div><div id="a185979_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:475.897px;top:317.4px;display:flex;">(316)</div><div id="a185983_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:534.577px;top:317.4px;display:flex;">(5)</div><div id="a185986_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:577.164px;top:317.4px;display:flex;">(1)</div><div id="a185990_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:621.644px;top:317.4px;">118</div><div id="a185993_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:659.99px;top:317.4px;display:flex;">(318)</div><div id="a185996" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:333px;">of which: change in rate of interest credit on<div style="display:inline-block;width:3.83px"> </div>retirement savings assumption </div><div id="a185999_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:343.417px;top:333px;display:flex;">(408)</div><div id="a186002_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:384.097px;top:333px;display:flex;">(110)</div><div id="a186006_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:448.47px;top:333px;">0</div><div id="a186009_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:490.564px;top:333px;">0</div><div id="a186013_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:529.844px;top:333px;display:flex;">(82)</div><div id="a186016_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:577.164px;top:333px;display:flex;">(1)</div><div id="a186020_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:616.924px;top:333px;display:flex;">(490)</div><div id="a186023_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:659.99px;top:333px;display:flex;">(110)</div><div id="a186026" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:348.2px;">of which: change in life expectancy </div><div id="a186029_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:358.084px;top:348.2px;">0</div><div id="a186032_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:398.777px;top:348.2px;">0</div><div id="a186036_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:448.47px;top:348.2px;">5</div><div id="a186039_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:490.564px;top:348.2px;">9</div><div id="a186043_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:534.577px;top:348.2px;display:flex;">(1)</div><div id="a186046_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:577.164px;top:348.2px;display:flex;">(3)</div><div id="a186050_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:631.577px;top:348.2px;">4</div><div id="a186053_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:674.644px;top:348.2px;">5</div><div id="a186056" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:363.8px;">of which: change in other actuarial assumptions </div><div id="a186059_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:348.63px;top:363.8px;display:flex;">(19)</div><div id="a186062_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:388.857px;top:363.8px;display:flex;">(26)</div><div id="a186066_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:448.47px;top:363.8px;">1</div><div id="a186069_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:480.63px;top:363.8px;display:flex;">(23)</div><div id="a186073_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:534.577px;top:363.8px;">48</div><div id="a186076_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:582.364px;top:363.8px;">2</div><div id="a186080_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:626.857px;top:363.8px;">30</div><div id="a186083_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.71px;top:363.8px;display:flex;">(47)</div><div id="a186086" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.166px;top:379px;">of which: experience gains / (losses)</div><div id="a186087" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:142.31px;top:379.6px;">1</div><div id="a186090_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:343.417px;top:379px;display:flex;">(226)</div><div id="a186093_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:384.097px;top:379px;display:flex;">(848)</div><div id="a186097_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:433.777px;top:379px;display:flex;">(107)</div><div id="a186100_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:480.63px;top:379px;display:flex;">(59)</div><div id="a186104_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:529.844px;top:379px;display:flex;">(11)</div><div id="a186107_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:572.43px;top:379px;display:flex;">(12)</div><div id="a186111_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:616.924px;top:379px;display:flex;">(344)</div><div id="a186114_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:659.99px;top:379px;display:flex;">(919)</div><div id="a186117" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:394.6px;">Return on plan assets excluding interest income </div><div id="a186120_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:336.324px;top:394.6px;display:flex;">(1,942)</div><div id="a186123_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:381.724px;top:394.6px;">1,319</div><div id="a186127_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:426.684px;top:394.6px;display:flex;">(1,312)</div><div id="a186130_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.63px;top:394.6px;">277</div><div id="a186134_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:524.644px;top:394.6px;display:flex;">(223)</div><div id="a186137_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.63px;top:394.6px;">40</div><div id="a186141_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:609.83px;top:394.6px;display:flex;">(3,476)</div><div id="a186144_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.617px;top:394.6px;">1,637</div><div id="a186147" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:409.2px;">Asset ceiling effect excluding interest expense and foreign<div style="display:inline-block;width:3.76px"> </div>currency translation </div><div id="a186150_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:343.417px;top:409.2px;display:flex;">(656)</div><div id="a186153_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:376.524px;top:409.2px;display:flex;">(1,037)</div><div id="a186157_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.47px;top:409.2px;">0</div><div id="a186160_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.564px;top:409.2px;">0</div><div id="a186164_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:539.297px;top:409.2px;">0</div><div id="a186167_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.364px;top:409.2px;">0</div><div id="a186171_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:616.924px;top:409.2px;display:flex;">(656)</div><div id="a186174_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:652.417px;top:409.2px;display:flex;">(1,037)</div><div id="a186177" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:423.4px;">Total gains / (losses) recognized<div style="display:inline-block;width:4.38px"> </div>in other comprehensive income for major plans </div><div id="a186180_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:343.417px;top:423.4px;display:flex;">(173)</div><div id="a186183_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:423.4px;display:flex;">(207)</div><div id="a186187_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:438.51px;top:423.4px;">162</div><div id="a186190_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.63px;top:423.4px;">207</div><div id="a186194_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:534.577px;top:423.4px;">43</div><div id="a186197_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.43px;top:423.4px;">102</div><div id="a186201_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:626.857px;top:423.4px;">32</div><div id="a186204_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.71px;top:423.4px;">102</div><div id="a186207" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:438.6px;">Total gains / (losses) recognized<div style="display:inline-block;width:4.38px"> </div>in other comprehensive income for remaining plans </div><div id="a186219_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:631.577px;top:438.6px;">8</div><div id="a186222_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.91px;top:438.6px;">31</div><div id="a186225" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:454.2px;">Total gains / (losses) recognized<div style="display:inline-block;width:4.38px"> </div>in other comprehensive income</div><div id="a186226" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:235.057px;top:454.8px;">2</div><div id="a186238_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:626.857px;top:454.2px;">40</div><div id="a186241_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.71px;top:454.2px;">133</div><div id="a186244" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:468.7px;">1 Experience<div style="display:inline-block;width:3.36px"> </div>(gains) / losses<div style="display:inline-block;width:3.79px"> </div>are a component<div style="display:inline-block;width:4.41px"> </div>of actuarial remeasurements<div style="display:inline-block;width:4.89px"> </div>of the defined<div style="display:inline-block;width:3.64px"> </div>benefit obligation<div style="display:inline-block;width:3.61px"> </div>and reflect<div style="display:inline-block;width:4.11px"> </div>the effects of<div style="display:inline-block;width:3.64px"> </div>differences between<div style="display:inline-block;width:4.35px"> </div>the previous actuarial<div style="display:inline-block;width:4.41px"> </div>assumptions and<div style="display:inline-block;width:3.62px"> </div>what has actually </div><div id="a186247" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:479.1px;">occurred.<div style="display:inline-block;width:8.36px"> </div>2 Refer to the “Statement<div style="display:inline-block;width:3.98px"> </div>of comprehensive income.”</div></div> 15480000000 15619000000 4105000000 4162000000 1740000000 1905000000 21324000000 21686000000 240000000 285000000 0 0 5000000 6000000 244000000 291000000 195000000 33000000 67000000 58000000 35000000 30000000 297000000 122000000 154000000 161000000 0 0 0 0 154000000 161000000 -2424000000 490000000 -1474000000 71000000 -267000000 -62000000 -4165000000 498000000 2000000 26000000 -6000000 14000000 1000000 4000000 -3000000 45000000 -2653000000 -385000000 -1575000000 -3000000 -279000000 -78000000 -4506000000 -466000000 226000000 848000000 107000000 59000000 11000000 12000000 344000000 919000000 0 0 0 0 0 4000000 0 4000000 13000000 49000000 0 0 0 0 13000000 49000000 796000000 602000000 123000000 148000000 111000000 112000000 1030000000 862000000 -5000000 0 0 0 0 1000000 -5000000 1000000 -291000000 -456000000 -408000000 -38000000 -28000000 -33000000 -727000000 -527000000 12539000000 15480000000 2166000000 4105000000 1375000000 1740000000 16080000000 21324000000 7103000000 8604000000 65000000 150000000 169000000 222000000 7336000000 8976000000 0 0 656000000 1593000000 528000000 669000000 1184000000 2262000000 5436000000 6876000000 1445000000 2362000000 678000000 849000000 7560000000 10086000000 12539000000 15480000000 2166000000 4105000000 1011000000 1222000000 15717000000 20806000000 0 0 0 0 363000000 518000000 363000000 518000000 19196000000 18358000000 4297000000 4149000000 1329000000 1360000000 24821000000 23867000000 -1942000000 1319000000 -1312000000 277000000 -223000000 40000000 -3476000000 1637000000 274000000 42000000 70000000 58000000 31000000 26000000 376000000 127000000 401000000 450000000 5000000 0 16000000 16000000 422000000 466000000 154000000 161000000 0 0 0 0 154000000 161000000 796000000 602000000 123000000 148000000 111000000 112000000 1030000000 862000000 7000000 8000000 0 0 3000000 4000000 11000000 11000000 -1000000 0 0 0 0 1000000 -1000000 1000000 -322000000 -524000000 -450000000 -39000000 0 0 -772000000 -563000000 16957000000 19196000000 2488000000 4297000000 1039000000 1329000000 20484000000 24821000000 4418000000 3716000000 321000000 192000000 -335000000 -411000000 4404000000 3497000000 3716000000 2739000000 0 0 0 0 3716000000 2739000000 77000000 8000000 0 0 0 0 77000000 8000000 656000000 1037000000 0 0 0 0 656000000 1037000000 -31000000 -68000000 0 0 0 0 -31000000 -68000000 4418000000 3716000000 0 0 0 0 4418000000 3716000000 0 0 321000000 192000000 -335000000 -411000000 -14000000 -219000000 -80000000 -96000000 -94000000 -315000000 355000000 302000000 449000000 617000000 240000000 285000000 0 0 5000000 6000000 244000000 291000000 195000000 33000000 67000000 58000000 35000000 30000000 297000000 122000000 274000000 42000000 70000000 58000000 31000000 26000000 376000000 127000000 77000000 8000000 0 0 0 0 77000000 8000000 7000000 8000000 0 0 3000000 4000000 11000000 11000000 0 0 0 0 0 -4000000 0 -4000000 13000000 49000000 0 0 0 0 13000000 49000000 230000000 243000000 -3000000 0 12000000 18000000 239000000 261000000 17000000 19000000 256000000 280000000 2424000000 -490000000 1474000000 -71000000 267000000 62000000 4165000000 -498000000 3078000000 494000000 1451000000 319000000 317000000 77000000 4846000000 890000000 0 0 123000000 -316000000 -5000000 -1000000 118000000 -318000000 -408000000 -110000000 0 0 -82000000 -1000000 -490000000 -110000000 0 0 5000000 9000000 -1000000 -3000000 4000000 5000000 -19000000 -26000000 1000000 -23000000 48000000 2000000 30000000 -47000000 -226000000 -848000000 -107000000 -59000000 -11000000 -12000000 -344000000 -919000000 -1942000000 1319000000 -1312000000 277000000 -223000000 40000000 -3476000000 1637000000 -656000000 -1037000000 0 0 0 0 -656000000 -1037000000 -173000000 -207000000 162000000 207000000 43000000 102000000 32000000 102000000 8000000 31000000 40000000 133000000 <div id="TextBlockContainer1617" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:194px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a186260" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.097px;top:11.8px;">Swiss pension plan </div><div id="a186263" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:494.844px;top:11.8px;">UK pension plan </div><div id="a186266" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:586.617px;top:0px;">US and German pension </div><div id="a186267" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:619.284px;top:11.8px;">plans</div><div id="a186268" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:638.204px;top:12.5px;">1</div><div id="a186272" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:382.204px;top:26px;">31.12.22 </div><div id="a186274" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:432.364px;top:26px;">31.12.21 </div><div id="a186277" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:488.19px;top:26px;">31.12.22 </div><div id="a186279" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:538.35px;top:26px;">31.12.21 </div><div id="a186282" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:594.19px;top:26px;">31.12.22 </div><div id="a186284" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.35px;top:26px;">31.12.21 </div><div id="a186286" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:41.7px;">Duration of the defined benefit<div style="display:inline-block;width:3.75px"> </div>obligation (in years) </div><div id="a186289_1_4" style="position:absolute;font-family:'Frutiger 47 CN';color:#9A3D37;left:398.777px;top:41.7px;">13.4</div><div id="a186292_1_4" style="position:absolute;font-family:'Frutiger 47 CN';left:448.937px;top:41.7px;">15.5</div><div id="a186296_1_4" style="position:absolute;font-family:'Frutiger 47 CN';color:#9A3D37;left:504.777px;top:41.7px;">13.7</div><div id="a186299_1_4" style="position:absolute;font-family:'Frutiger 47 CN';left:554.937px;top:41.7px;">18.8</div><div id="a186303_1_3" style="position:absolute;font-family:'Frutiger 47 CN';color:#9A3D37;left:615.497px;top:41.7px;">7.9</div><div id="a186306_1_3" style="position:absolute;font-family:'Frutiger 47 CN';left:666.137px;top:41.7px;">9.5</div><div id="a186309" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:57.3px;">Maturity analysis of benefits expected<div style="display:inline-block;width:3.72px"> </div>to be paid </div><div id="a186320" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:72.9px;">USD m </div><div id="a186331" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:88.5px;">Benefits expected to be paid within 12 months </div><div id="a186334_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:401.15px;top:88.5px;">702</div><div id="a186337_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.31px;top:88.5px;">719</div><div id="a186341_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:507.137px;top:88.5px;">107</div><div id="a186344_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:557.297px;top:88.5px;">110</div><div id="a186348_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.137px;top:88.5px;">123</div><div id="a186351_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:88.5px;">123</div><div id="a186354" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:105px;">Benefits expected to be paid between<div style="display:inline-block;width:3.74px"> </div>1 and 3 years </div><div id="a186357_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:394.057px;top:105px;">1,445</div><div id="a186360_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:105px;">1,440</div><div id="a186364_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:507.137px;top:105px;">234</div><div id="a186367_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:557.297px;top:105px;">248</div><div id="a186371_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.137px;top:105px;">232</div><div id="a186374_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:105px;">237</div><div id="a186377" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:121.1px;">Benefits expected to be paid between<div style="display:inline-block;width:3.74px"> </div>3 and 6 years </div><div id="a186380_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:394.057px;top:121.1px;">2,183</div><div id="a186383_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:121.1px;">2,097</div><div id="a186387_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:507.137px;top:121.1px;">384</div><div id="a186390_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:557.297px;top:121.1px;">418</div><div id="a186394_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.137px;top:121.1px;">335</div><div id="a186397_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:121.1px;">338</div><div id="a186400" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:137.7px;">Benefits expected to be paid between<div style="display:inline-block;width:3.74px"> </div>6 and 11 years </div><div id="a186403_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:394.057px;top:137.7px;">3,751</div><div id="a186406_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:137.7px;">3,467</div><div id="a186410_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:507.137px;top:137.7px;">667</div><div id="a186413_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:557.297px;top:137.7px;">743</div><div id="a186417_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.137px;top:137.7px;">502</div><div id="a186420_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:137.7px;">495</div><div id="a186423" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:153.8px;">Benefits expected to be paid between<div style="display:inline-block;width:3.74px"> </div>11 and 16 years </div><div id="a186426_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:394.057px;top:153.8px;">3,519</div><div id="a186429_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:444.217px;top:153.8px;">3,156</div><div id="a186433_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:507.137px;top:153.8px;">667</div><div id="a186436_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:557.297px;top:153.8px;">751</div><div id="a186440_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.137px;top:153.8px;">388</div><div id="a186443_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:153.8px;">392</div><div id="a186446" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:170.3px;">Benefits expected to be paid in more than 16 years </div><div id="a186449_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:389.324px;top:170.3px;">13,243</div><div id="a186452_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:439.457px;top:170.3px;">10,733</div><div id="a186456_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:500.044px;top:170.3px;">2,570</div><div id="a186459_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.204px;top:170.3px;">3,028</div><div id="a186463_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.137px;top:170.3px;">516</div><div id="a186466_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.297px;top:170.3px;">519</div><div id="a186469" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:185.3px;">1 The duration of the<div style="display:inline-block;width:3.49px"> </div>defined benefit obligation<div style="display:inline-block;width:3.62px"> </div>represents a weighted average<div style="display:inline-block;width:3.64px"> </div>across US and German<div style="display:inline-block;width:3.64px"> </div>plans.</div></div> P13Y4M24D P15Y6M P13Y8M12D P18Y9M18D P7Y10M24D P9Y6M 702000000 719000000 107000000 110000000 123000000 123000000 1445000000 1440000000 234000000 248000000 232000000 237000000 2183000000 2097000000 384000000 418000000 335000000 338000000 3751000000 3467000000 667000000 743000000 502000000 495000000 3519000000 3156000000 667000000 751000000 388000000 392000000 13243000000 10733000000 2570000000 3028000000 516000000 519000000 <div id="TextBlockContainer1624" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:103px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1622_XBRL_TS_3216e6507fd64967aa6aea46fc2e9e56" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1623" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:103px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a186554" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Significant actuarial assumptions </div><div id="a186566" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:292.342px;top:17.2px;">Swiss pension plan </div><div id="a186569" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:399.275px;top:17.2px;">UK pension plan </div><div id="a186572" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:500.075px;top:17.2px;">US pension plans </div><div id="a186575" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:17.2px;">German pension plans </div><div id="a186577" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:31.4px;">In % </div><div id="a186580" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:290.448px;top:31.4px;">31.12.22 </div><div id="a186582" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.715px;top:31.4px;">31.12.21 </div><div id="a186585" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:392.662px;top:31.4px;">31.12.22 </div><div id="a186587" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:440.902px;top:31.4px;">31.12.21 </div><div id="a186590" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:494.875px;top:31.4px;">31.12.22 </div><div id="a186592" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:542.635px;top:31.4px;">31.12.21 </div><div id="a186595" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:597.048px;top:31.4px;">31.12.22 </div><div id="a186597" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.848px;top:31.4px;">31.12.21 </div><div id="a186599" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:47px;">Discount rate </div><div id="a186602_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:306.995px;top:47px;">2.34</div><div id="a186605_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:355.275px;top:47px;">0.34</div><div id="a186609_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:409.208px;top:47px;">5.02</div><div id="a186612_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:457.475px;top:47px;">1.82</div><div id="a186616_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.582px;top:47px;">4.92</div><div id="a186618" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:525.608px;top:47.7px;">1 </div><div id="a186620_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:556.848px;top:47px;">2.47</div><div id="a186622" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:573.408px;top:47.7px;">1 </div><div id="a186625_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.635px;top:47px;">3.81</div><div id="a186628_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.435px;top:47px;">0.99</div><div id="a186631" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:63.1px;">Rate of pension increase </div><div id="a186635_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:306.995px;top:63.1px;">0.00</div><div id="a186638_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:355.275px;top:63.1px;">0.00</div><div id="a186642_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:409.208px;top:63.1px;">3.08</div><div id="a186645_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:457.475px;top:63.1px;">3.32</div><div id="a186649_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:511.422px;top:63.1px;">0.00</div><div id="a186652_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.222px;top:63.1px;">0.00</div><div id="a186656_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.635px;top:63.1px;">2.20</div><div id="a186659_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.435px;top:63.1px;">1.80</div><div id="a186662" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:79.6px;">Rate of interest credit on retirement savings<div style="display:inline-block;width:3.87px"> </div></div><div id="a186665_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:306.995px;top:79.6px;">3.39</div><div id="a186668_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:355.275px;top:79.6px;">1.04</div><div id="a186672_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:409.208px;top:79.6px;">0.00</div><div id="a186675_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:457.475px;top:79.6px;">0.00</div><div id="a186679_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.582px;top:79.6px;">5.73</div><div id="a186681" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:525.608px;top:80.3px;">2 </div><div id="a186683_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:556.848px;top:79.6px;">1.18</div><div id="a186685" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:573.408px;top:80.3px;">2 </div><div id="a186688_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:613.635px;top:79.6px;">0.00</div><div id="a186691_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.435px;top:79.6px;">0.00</div><div id="a186694" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:94.7px;">1 Represents weighted average<div style="display:inline-block;width:3.81px"> </div>across US pension plans.<div style="display:inline-block;width:9.93px"> </div>2 Only applicable to<div style="display:inline-block;width:3.48px"> </div>one of the US pension plans</div></div></div></div> 0.0234 0.0034 0.0502 0.0182 0.0492 0.0247 0.0381 0.0099 0.0000 0.0000 0.0308 0.0332 0.0000 0.0000 0.0220 0.0180 0.0339 0.0104 0.0000 0.0000 0.0573 0.0118 0.0000 0.0000 <div id="TextBlockContainer1628" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:263px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1626_XBRL_TS_59e8e1c1a6e646c7803cb073313b693b" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1627" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:263px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a186698" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Mortality tables and life expectancies<div style="display:inline-block;width:4.29px"> </div>for major plans </div><div id="a186709" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:443.288px;top:15.8px;">Life expectancy at age 65 for a male member currently </div><div id="a186714" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.062px;top:31.4px;">aged 65 </div><div id="a186717" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.995px;top:31.4px;">aged 45 </div><div id="a186719" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:47px;">Country </div><div id="a186721" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:47px;">Mortality table </div><div id="a186724" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:435.222px;top:47px;">31.12.22 </div><div id="a186726" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:47px;">31.12.21 </div><div id="a186729" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:577.195px;top:47px;">31.12.22 </div><div id="a186731" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.315px;top:47px;">31.12.21 </div><div id="a186733" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:63.1px;">Switzerland </div><div id="a186735" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:63.1px;">BVG 2020 G with CMI 2021 projections</div><div id="a186737" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:249.755px;top:63.7px;">1</div><div id="a186740_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:63.1px;">21.7</div><div id="a186743_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:63.1px;">21.7</div><div id="a186747_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:593.742px;top:63.1px;">23.4</div><div id="a186750_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:63.1px;">23.3</div><div id="a186753" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:79.2px;">UK </div><div id="a186755" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:79.2px;">S3PA with CMI 2021 projections</div><div id="a186756" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:223.235px;top:79.8px;">2</div><div id="a186759_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:79.2px;">23.5</div><div id="a186762_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:79.2px;">23.4</div><div id="a186766_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:593.742px;top:79.2px;">24.6</div><div id="a186769_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:79.2px;">24.5</div><div id="a186772" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:95.7px;">USA </div><div id="a186774" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:95.7px;">Pri-2012 with MP-2021 projection scale </div><div id="a186781_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:95.7px;">22.0</div><div id="a186784_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:95.7px;">21.9</div><div id="a186788_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:593.742px;top:95.7px;">23.3</div><div id="a186791_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:95.7px;">23.3</div><div id="a186794" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:111.8px;">Germany </div><div id="a186796" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:111.8px;">Dr. K. Heubeck<div style="display:inline-block;width:4.3px"> </div>2018 G </div><div id="a186799_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:111.8px;">20.6</div><div id="a186802_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:111.8px;">20.5</div><div id="a186806_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:593.742px;top:111.8px;">23.4</div><div id="a186809_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:111.8px;">23.2</div><div id="a186823" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:439.955px;top:143px;">Life expectancy at age 65 for a female member currently </div><div id="a186828" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:456.062px;top:159.1px;">aged 65 </div><div id="a186831" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:597.995px;top:159.1px;">aged 45 </div><div id="a186833" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:174.7px;">Country </div><div id="a186835" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:174.7px;">Mortality table </div><div id="a186838" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:435.222px;top:174.7px;">31.12.22 </div><div id="a186840" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:174.7px;">31.12.21 </div><div id="a186843" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:577.195px;top:174.7px;">31.12.22 </div><div id="a186845" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.315px;top:174.7px;">31.12.21 </div><div id="a186847" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:190.3px;">Switzerland </div><div id="a186849" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:190.3px;">BVG 2020 G with CMI 2021 projections</div><div id="a186850" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:249.755px;top:191px;">1</div><div id="a186853_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:190.3px;">23.5</div><div id="a186856_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:190.3px;">23.4</div><div id="a186860_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:593.742px;top:190.3px;">25.1</div><div id="a186863_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:190.3px;">25.0</div><div id="a186866" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:206.4px;">UK </div><div id="a186868" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:206.4px;">S3PA with CMI 2021 projections</div><div id="a186870" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:223.235px;top:207.1px;">2</div><div id="a186873_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:206.4px;">25.0</div><div id="a186876_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:206.4px;">24.9</div><div id="a186880_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:593.742px;top:206.4px;">26.4</div><div id="a186883_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:206.4px;">26.3</div><div id="a186886" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:223px;">USA </div><div id="a186888" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:223px;">Pri-2012 with MP-2021 projection scale </div><div id="a186895_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:223px;">23.4</div><div id="a186898_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:223px;">23.3</div><div id="a186902_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:593.742px;top:223px;">24.8</div><div id="a186905_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:223px;">24.7</div><div id="a186908" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:239.1px;">Germany </div><div id="a186910" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:104.475px;top:239.1px;">Dr. K. Heubeck<div style="display:inline-block;width:4.3px"> </div>2018 G </div><div id="a186913_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:451.808px;top:239.1px;">24.0</div><div id="a186916_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:239.1px;">23.9</div><div id="a186920_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:593.742px;top:239.1px;">26.3</div><div id="a186923_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:239.1px;">26.1</div><div id="a186926" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:254.6px;">1 In 2021, BVG 2020 G with<div style="display:inline-block;width:3.6px"> </div>CMI 2019 projections was<div style="display:inline-block;width:3.99px"> </div>used.<div style="display:inline-block;width:8.04px"> </div>2 In 2021, S3PA<div style="display:inline-block;width:3.56px"> </div>with CMI 2020<div style="display:inline-block;width:3.53px"> </div>projections was used.</div></div></div></div> 21.7 21.7 23.4 23.3 23.5 23.4 24.6 24.5 22.0 21.9 23.3 23.3 20.6 20.5 23.4 23.2 23.5 23.4 25.1 25.0 25.0 24.9 26.4 26.3 23.4 23.3 24.8 24.7 24.0 23.9 26.3 26.1 <div id="TextBlockContainer1633" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:231px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a186948" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:2.8px;">Sensitivity analysis of significant actuarial<div style="display:inline-block;width:4.25px"> </div>assumptions</div><div id="a186950" style="position:absolute;font-family:'Frutiger';font-size:6.148px;font-weight:bold;font-style:normal;left:262.048px;top:3.5px;">1</div><div id="a186961" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:17.7px;">Increase / (decrease) in defined benefit obligation </div><div id="a186964" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:17.7px;">Swiss pension plan </div><div id="a186967" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:449.915px;top:17.7px;">UK pension plan </div><div id="a186970" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.635px;top:17.7px;">US and German pension plans </div><div id="a186972" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:31.4px;">USD m </div><div id="a186975" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:307.475px;top:31.4px;">31.12.22 </div><div id="a186977" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:372.768px;top:31.4px;">31.12.21 </div><div id="a186980" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:443.768px;top:31.4px;">31.12.22 </div><div id="a186982" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:507.635px;top:31.4px;">31.12.21 </div><div id="a186985" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:579.075px;top:31.4px;">31.12.22 </div><div id="a186987" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:643.902px;top:31.4px;">31.12.21 </div><div id="a186989" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:44.6px;">Discount rate </div><div id="a187000" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:59.3px;">Increase by 50 basis points </div><div id="a187003_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:321.662px;top:59.3px;display:flex;">(641)</div><div id="a187006_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.955px;top:59.3px;display:flex;">(975)</div><div id="a187010_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.955px;top:59.3px;display:flex;">(141)</div><div id="a187013_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.822px;top:59.3px;display:flex;">(361)</div><div id="a187017_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:598.475px;top:59.3px;display:flex;">(51)</div><div id="a187020_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.848px;top:59.3px;display:flex;">(78)</div><div id="a187023" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:73.5px;">Decrease by 50 basis points </div><div id="a187026_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:326.395px;top:73.5px;">723</div><div id="a187029_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:384.595px;top:73.5px;">1,116</div><div id="a187033_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:462.688px;top:73.5px;">157</div><div id="a187036_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:526.555px;top:73.5px;">411</div><div id="a187040_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:603.235px;top:73.5px;">55</div><div id="a187043_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.048px;top:73.5px;">84</div><div id="a187046" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:87.7px;">Rate of pension increase </div><div id="a187057" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:102.3px;">Increase by 50 basis points </div><div id="a187060_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:326.395px;top:102.3px;">487</div><div id="a187063_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:391.715px;top:102.3px;">749</div><div id="a187067_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:462.688px;top:102.3px;">127</div><div id="a187070_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:526.555px;top:102.3px;">334</div><div id="a187074_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:607.955px;top:102.3px;">4</div><div id="a187077_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.782px;top:102.3px;">6</div><div id="a187080" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:116.5px;">Decrease by 50 basis points </div><div id="a187083" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:333.008px;top:116.5px;">–</div><div id="a187084" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:338.248px;top:117.2px;">2</div><div id="a187086" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:398.342px;top:116.5px;">–</div><div id="a187087" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:403.542px;top:117.2px;">2</div><div id="a187090_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:457.955px;top:116.5px;display:flex;">(118)</div><div id="a187093_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:521.822px;top:116.5px;display:flex;">(306)</div><div id="a187097_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:603.235px;top:116.5px;display:flex;">(3)</div><div id="a187100_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:116.5px;display:flex;">(6)</div><div id="a187103" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:130.7px;">Rate of interest credit on retirement<div style="display:inline-block;width:3.77px"> </div>savings </div><div id="a187114" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:145.4px;">Increase by 50 basis points </div><div id="a187117_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:326.395px;top:145.4px;">106</div><div id="a187120_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:391.715px;top:145.4px;">134</div><div id="a187124" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:469.302px;top:145.4px;">–</div><div id="a187125" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:474.502px;top:146.1px;">3 </div><div id="a187127" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.182px;top:145.4px;">–</div><div id="a187128" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:538.382px;top:146.1px;">3 </div><div id="a187131_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:607.955px;top:145.4px;">9</div><div id="a187134_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.782px;top:145.4px;">8</div><div id="a187137" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:159.6px;">Decrease by 50 basis points </div><div id="a187140_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:321.662px;top:159.6px;display:flex;">(106)</div><div id="a187143_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:386.955px;top:159.6px;display:flex;">(134)</div><div id="a187147" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:469.302px;top:159.6px;">–</div><div id="a187148" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:474.502px;top:160.2px;">3 </div><div id="a187150" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:533.182px;top:159.6px;">–</div><div id="a187151" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:538.382px;top:160.2px;">3 </div><div id="a187154_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:603.235px;top:159.6px;display:flex;">(8)</div><div id="a187157_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:159.6px;display:flex;">(7)</div><div id="a187160" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:173.8px;">Life expectancy </div><div id="a187171" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:188.4px;">Increase in longevity by one additional year </div><div id="a187174_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:326.395px;top:188.4px;">304</div><div id="a187177_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:391.715px;top:188.4px;">475</div><div id="a187181_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:467.888px;top:188.4px;">65</div><div id="a187184_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:526.555px;top:188.4px;">184</div><div id="a187188_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:603.235px;top:188.4px;">39</div><div id="a187191_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.048px;top:188.4px;">56</div><div id="a187194" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:202.5px;">1 The sensitivity analyses are based on a change in one assumption while<div style="display:inline-block;width:3.99px"> </div>holding all other assumptions constant, so that interdependencies<div style="display:inline-block;width:4.35px"> </div>between the assumptions are excluded.<div style="display:inline-block;width:8.69px"> </div>2 As the assumed rate of pension </div><div id="a187196" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:212.9px;">increase was </div><div id="a187196_13_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:45.767px;top:212.9px;">0</div><div id="a187196_14_193" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:50.023px;top:212.9px;">% as of 31 December 2022<div style="display:inline-block;width:3.88px"> </div>and as of 31 December<div style="display:inline-block;width:3.51px"> </div>2021, a downward change<div style="display:inline-block;width:3.55px"> </div>in assumption is<div style="display:inline-block;width:3.45px"> </div>not applicable.<div style="display:inline-block;width:9.6px"> </div>3 As the UK plan does<div style="display:inline-block;width:3.81px"> </div>not provide interest credits<div style="display:inline-block;width:3.61px"> </div>on retirement savings,<div style="display:inline-block;width:3.61px"> </div>a change in </div><div id="a187200" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:222.9px;">assumption is not applicable.</div></div> -641000000 -975000000 -141000000 -361000000 -51000000 -78000000 723000000 1116000000 157000000 411000000 55000000 84000000 487000000 749000000 127000000 334000000 4000000 6000000 -118000000 -306000000 -3000000 -6000000 106000000 134000000 9000000 8000000 -106000000 -134000000 -8000000 -7000000 304000000 475000000 65000000 184000000 39000000 56000000 0 0 <div id="TextBlockContainer1640" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:692px;height:570px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1638_XBRL_TS_a2c8230f1b904481ae35dc2e947d91eb" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1639" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:692px;height:570px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a187258" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Composition and fair value<div style="display:inline-block;width:4.16px"> </div>of plan assets </div><div id="a187273" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:3.679px;top:27.4px;">Swiss pension plan </div><div id="a187289" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:285.715px;top:43.2px;">31.12.22 </div><div id="a187292" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:43.2px;">31.12.21 </div><div id="a187296" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:235.555px;top:68.8px;">Fair value </div><div id="a187299" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:388.848px;top:56.9px;">Plan asset </div><div id="a187301" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:379.862px;top:68.8px;">allocation % </div><div id="a187304" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.582px;top:68.8px;">Fair value </div><div id="a187307" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:641.542px;top:56.9px;">Plan asset </div><div id="a187309" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:632.555px;top:68.8px;">allocation % </div><div id="a187311" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:104.7px;">USD m </div><div id="a187314" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:207.622px;top:81.1px;">Quoted </div><div id="a187316" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:192.968px;top:92.9px;">in an active </div><div id="a187318" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:209.048px;top:104.7px;">market </div><div id="a187320" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:260.155px;top:104.7px;">Other </div><div id="a187322" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:308.422px;top:104.7px;">Total </div><div id="a187327" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.688px;top:81.1px;">Quoted </div><div id="a187329" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.022px;top:92.9px;">in an active </div><div id="a187331" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:464.102px;top:104.7px;">market </div><div id="a187333" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:515.208px;top:104.7px;">Other </div><div id="a187335" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:563.475px;top:104.7px;">Total </div><div id="a187339" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:118.4px;">Cash and cash equivalents </div><div id="a187342_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:219.928px;top:118.4px;">183</div><div id="a187345_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:275.755px;top:118.4px;">0</div><div id="a187348_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.728px;top:118.4px;">183</div><div id="a187352_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:118.4px;">1</div><div id="a187356_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.982px;top:118.4px;">106</div><div id="a187359_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.808px;top:118.4px;">0</div><div id="a187362_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:118.4px;">106</div><div id="a187366_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:118.4px;">1</div><div id="a187369" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:135px;">Real estate / property </div><div id="a187383" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:151.1px;">Domestic </div><div id="a187386_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:229.848px;top:151.1px;">0</div><div id="a187389_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:258.728px;top:151.1px;">2,130</div><div id="a187392_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:304.635px;top:151.1px;">2,130</div><div id="a187396_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:416.302px;top:151.1px;">13</div><div id="a187400_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:484.915px;top:151.1px;">0</div><div id="a187403_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.782px;top:151.1px;">1,994</div><div id="a187406_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.688px;top:151.1px;">1,994</div><div id="a187410_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:151.1px;">10</div><div id="a187413" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:167.6px;">Foreign </div><div id="a187416_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:229.848px;top:167.6px;">0</div><div id="a187419_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:265.822px;top:167.6px;">517</div><div id="a187422_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.728px;top:167.6px;">517</div><div id="a187426_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:167.6px;">3</div><div id="a187430_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:484.915px;top:167.6px;">0</div><div id="a187433_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.875px;top:167.6px;">328</div><div id="a187436_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:167.6px;">328</div><div id="a187440_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:167.6px;">2</div><div id="a187443" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:183.7px;">Investment funds </div><div id="a187457" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:200.3px;">Equity<div style="display:inline-block;width:9.65px"> </div></div><div id="a187471" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:216.8px;">Domestic </div><div id="a187474_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:219.928px;top:216.8px;">418</div><div id="a187477_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:275.755px;top:216.8px;">0</div><div id="a187480_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.728px;top:216.8px;">418</div><div id="a187484_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:216.8px;">2</div><div id="a187488_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.982px;top:216.8px;">476</div><div id="a187491_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.808px;top:216.8px;">0</div><div id="a187494_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:216.8px;">476</div><div id="a187498_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:216.8px;">2</div><div id="a187501" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:232.9px;">Foreign </div><div id="a187504_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:212.835px;top:232.9px;">2,794</div><div id="a187507_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:258.728px;top:232.9px;">1,222</div><div id="a187510_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:304.635px;top:232.9px;">4,017</div><div id="a187514_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:416.302px;top:232.9px;">24</div><div id="a187518_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:467.888px;top:232.9px;">3,510</div><div id="a187521_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.782px;top:232.9px;">1,498</div><div id="a187524_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.688px;top:232.9px;">5,009</div><div id="a187528_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:232.9px;">26</div><div id="a187531" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:249.5px;">Bonds</div><div id="a187532" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:35.395px;top:250.1px;">1</div><div id="a187546" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:265.5px;">Domestic, AAA to BBB– </div><div id="a187550_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:212.835px;top:265.5px;">2,117</div><div id="a187553_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:275.755px;top:265.5px;">0</div><div id="a187556_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:304.635px;top:265.5px;">2,117</div><div id="a187560_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:416.302px;top:265.5px;">12</div><div id="a187564_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:467.888px;top:265.5px;">2,512</div><div id="a187567_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.808px;top:265.5px;">0</div><div id="a187570_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.688px;top:265.5px;">2,512</div><div id="a187574_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:265.5px;">13</div><div id="a187577" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:282.1px;">Foreign, AAA<div style="display:inline-block;width:3.74px"> </div>to BBB– </div><div id="a187581_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:212.835px;top:282.1px;">3,395</div><div id="a187584_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:275.755px;top:282.1px;">0</div><div id="a187587_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:304.635px;top:282.1px;">3,395</div><div id="a187591_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:416.302px;top:282.1px;">20</div><div id="a187595_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:467.888px;top:282.1px;">2,877</div><div id="a187598_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.808px;top:282.1px;">0</div><div id="a187601_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.688px;top:282.1px;">2,877</div><div id="a187605_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:282.1px;">15</div><div id="a187608" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:298.2px;">Foreign, below BBB– </div><div id="a187612_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:219.928px;top:298.2px;">598</div><div id="a187615_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:275.755px;top:298.2px;">0</div><div id="a187618_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.728px;top:298.2px;">598</div><div id="a187622_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:298.2px;">4</div><div id="a187626_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.982px;top:298.2px;">742</div><div id="a187629_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.808px;top:298.2px;">0</div><div id="a187632_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:298.2px;">742</div><div id="a187636_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:298.2px;">4</div><div id="a187639" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:314.8px;">Other </div><div id="a187642_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:219.928px;top:314.8px;">867</div><div id="a187645_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:258.728px;top:314.8px;">1,997</div><div id="a187648_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:304.635px;top:314.8px;">2,864</div><div id="a187652_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:416.302px;top:314.8px;">17</div><div id="a187656_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:467.888px;top:314.8px;">2,379</div><div id="a187659_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.782px;top:314.8px;">2,010</div><div id="a187662_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.688px;top:314.8px;">4,389</div><div id="a187666_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:314.8px;">23</div><div id="a187669" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:330.8px;">Other investments </div><div id="a187672_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:219.928px;top:330.8px;">351</div><div id="a187675_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:265.822px;top:330.8px;">367</div><div id="a187678_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.728px;top:330.8px;">718</div><div id="a187682_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:330.8px;">4</div><div id="a187686_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.982px;top:330.8px;">377</div><div id="a187689_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.875px;top:330.8px;">385</div><div id="a187692_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:330.8px;">762</div><div id="a187696_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:330.8px;">4</div><div id="a187699" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:347.4px;">Total fair value of plan<div style="display:inline-block;width:4.01px"> </div>assets </div><div id="a187702_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:208.102px;top:347.4px;">10,724</div><div id="a187705_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:258.728px;top:347.4px;">6,233</div><div id="a187708_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:299.902px;top:347.4px;">16,957</div><div id="a187712_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.102px;top:347.4px;">100</div><div id="a187716_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.155px;top:347.4px;">12,980</div><div id="a187719_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.782px;top:347.4px;">6,216</div><div id="a187722_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:554.968px;top:347.4px;">19,196</div><div id="a187726_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:347.4px;">100</div><div id="a187746" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:292.808px;top:375.3px;">31.12.22 </div><div id="a187753" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:547.875px;top:375.3px;">31.12.21 </div><div id="a187757" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:390.9px;">Total fair value of plan<div style="display:inline-block;width:4.01px"> </div>assets </div><div id="a187760_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:299.902px;top:390.9px;">16,957</div><div id="a187768_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:554.968px;top:390.9px;">19,196</div><div id="a187773" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:406.5px;">of which:</div><div id="a187774" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:37.287px;top:407.2px;">2</div><div id="a187788" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:423.6px;">Bank accounts at UBS AG </div><div id="a187793_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:311.728px;top:423.6px;">189</div><div id="a187801_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:566.782px;top:423.6px;">109</div><div id="a187806" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:440.6px;">UBS AG debt instruments </div><div id="a187811_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:316.928px;top:440.6px;">28</div><div id="a187819_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:571.982px;top:440.6px;">16</div><div id="a187824" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:456.7px;">UBS Group AG shares </div><div id="a187829_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:316.928px;top:456.7px;">15</div><div id="a187837_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:571.982px;top:456.7px;">14</div><div id="a187842" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:473.3px;">Securities lent to UBS AG</div><div id="a187843" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:103.995px;top:473.9px;">3</div><div id="a187848_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:311.728px;top:473.3px;">489</div><div id="a187856_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:566.782px;top:473.3px;">608</div><div id="a187861" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:489.8px;">Property occupied by UBS </div><div id="a187866_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:316.928px;top:489.8px;">51</div><div id="a187874_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:571.982px;top:489.8px;">52</div><div id="a187879" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:505.4px;">Derivative financial instruments, counterparty<div style="display:inline-block;width:4.39px"> </div>UBS AG</div><div id="a187880" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:208.568px;top:506.1px;">3</div><div id="a187883_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:316.928px;top:506.8px;">43</div><div id="a187891_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:571.982px;top:506.8px;">72</div><div id="a187896" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:520.4px;">1 The bond credit ratings<div style="display:inline-block;width:4.28px"> </div>are primarily based<div style="display:inline-block;width:3.63px"> </div>on S&amp;P’s credit<div style="display:inline-block;width:3.47px"> </div>ratings. Ratings<div style="display:inline-block;width:3.79px"> </div>AAA to BBB–<div style="display:inline-block;width:3.01px"> </div>and below BBB<div style="display:inline-block;width:1.45px"> </div>–<div style="display:inline-block;width:1.9px"> </div>represent investment<div style="display:inline-block;width:3.93px"> </div>grade and non-investment<div style="display:inline-block;width:3.83px"> </div>grade ratings,<div style="display:inline-block;width:3.63px"> </div>respectively. In<div style="display:inline-block;width:3.53px"> </div>cases where credit ratings </div><div id="a187906" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:530.4px;">from other rating agencies were<div style="display:inline-block;width:3.47px"> </div>used, these were converted to<div style="display:inline-block;width:3.47px"> </div>the equivalent rating in<div style="display:inline-block;width:3.62px"> </div>S&amp;P’s rating classification.<div style="display:inline-block;width:9.94px"> </div>2 Bank accounts at<div style="display:inline-block;width:3.45px"> </div>UBS AG encompass accounts<div style="display:inline-block;width:3.62px"> </div>in the name of the Swiss<div style="display:inline-block;width:3.48px"> </div>pension fund. The<div style="display:inline-block;width:3.48px"> </div>other </div><div id="a187910" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:540.8px;">positions disclosed<div style="display:inline-block;width:4.22px"> </div>in the<div style="display:inline-block;width:4.1px"> </div>table encompass<div style="display:inline-block;width:4.57px"> </div>both direct<div style="display:inline-block;width:4.41px"> </div>investments in<div style="display:inline-block;width:4.24px"> </div>UBS AG<div style="display:inline-block;width:3.93px"> </div>instruments<div style="display:inline-block;width:3.61px"> </div>and<div style="display:inline-block;width:3.47px"> </div>UBS Group<div style="display:inline-block;width:3.78px"> </div>AG shares<div style="display:inline-block;width:4.57px"> </div>and indirect<div style="display:inline-block;width:4.36px"> </div>investments,<div style="display:inline-block;width:3.61px"> </div>i.e.,<div style="display:inline-block;width:3.48px"> </div>those<div style="display:inline-block;width:3.46px"> </div>made through<div style="display:inline-block;width:4.1px"> </div>funds that<div style="display:inline-block;width:4.05px"> </div>the pension<div style="display:inline-block;width:4.57px"> </div>fund invests<div style="display:inline-block;width:4.09px"> </div>in.<div style="display:inline-block;width:6.94px"> </div></div><div id="a187915" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:550.7px;">3 Securities lent to UBS<div style="display:inline-block;width:3.49px"> </div>AG and derivative<div style="display:inline-block;width:3.61px"> </div>financial instruments<div style="display:inline-block;width:3.94px"> </div>are presented gross<div style="display:inline-block;width:3.79px"> </div>of any collateral. Securities<div style="display:inline-block;width:4.11px"> </div>lent to UBS AG<div style="display:inline-block;width:3.87px"> </div>were fully covered<div style="display:inline-block;width:3.62px"> </div>by collateral as of<div style="display:inline-block;width:3.48px"> </div>31 December 2022<div style="display:inline-block;width:3.86px"> </div>and 31 December 2021.<div style="display:inline-block;width:3.72px"> </div>Net </div><div id="a187919" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:561.1px;">of collateral, derivative financial<div style="display:inline-block;width:3.65px"> </div>instruments amounted to<div style="display:inline-block;width:3.92px"> </div>negative USD </div><div id="a187919_73_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:231.177px;top:561.1px;">5</div><div id="a187919_74_57" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:235.906px;top:561.1px;">m as of 31 December 2022<div style="display:inline-block;width:3.55px"> </div>(31 December 2021:<div style="display:inline-block;width:3.4px"> </div>positive USD </div><div id="a187919_131_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:432.161px;top:561.1px;">24</div><div id="a187919_133_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:441.146px;top:561.1px;">m).</div></div></div></div><div id="TextBlockContainer1643" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:458px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a187962" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Composition and fair value<div style="display:inline-block;width:4.16px"> </div>of plan assets (continued) </div><div id="a187977" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:3.679px;top:28.4px;">UK pension plan </div><div id="a187994" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:285.715px;top:43.2px;">31.12.22 </div><div id="a187997" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:43.2px;">31.12.21 </div><div id="a188001" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:235.555px;top:68.3px;">Fair value </div><div id="a188004" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:388.848px;top:56.9px;">Plan asset </div><div id="a188006" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:379.862px;top:68.3px;">allocation % </div><div id="a188009" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.582px;top:68.3px;">Fair value </div><div id="a188012" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:641.542px;top:56.9px;">Plan asset </div><div id="a188014" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:632.555px;top:68.3px;">allocation % </div><div id="a188016" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:104.2px;">USD m </div><div id="a188019" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:207.622px;top:81.1px;">Quoted </div><div id="a188021" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:192.968px;top:92.4px;">in an active </div><div id="a188023" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:209.048px;top:104.2px;">market </div><div id="a188025" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:260.155px;top:104.2px;">Other </div><div id="a188027" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:308.422px;top:104.2px;">Total </div><div id="a188032" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.688px;top:81.1px;">Quoted </div><div id="a188034" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.022px;top:92.4px;">in an active </div><div id="a188036" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:464.102px;top:104.2px;">market </div><div id="a188038" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:515.208px;top:104.2px;">Other </div><div id="a188040" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:563.475px;top:104.2px;">Total </div><div id="a188044" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:118px;">Cash and cash equivalents </div><div id="a188047_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:219.928px;top:118px;">104</div><div id="a188050_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:275.755px;top:118px;">0</div><div id="a188053_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.728px;top:118px;">104</div><div id="a188057_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:118px;">4</div><div id="a188061_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.982px;top:118px;">147</div><div id="a188064_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.808px;top:118px;">0</div><div id="a188067_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:118px;">147</div><div id="a188071_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:118px;">3</div><div id="a188074" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:133.1px;">Bonds</div><div id="a188075" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:26.411px;top:133.8px;">1</div><div id="a188089" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:148.2px;">Domestic, AAA to BBB– </div><div id="a188093_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:212.835px;top:148.2px;">1,729</div><div id="a188096_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:275.755px;top:148.2px;">0</div><div id="a188099_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:304.635px;top:148.2px;">1,729</div><div id="a188103_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:416.302px;top:148.2px;">69</div><div id="a188107_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:467.888px;top:148.2px;">2,605</div><div id="a188110_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.808px;top:148.2px;">0</div><div id="a188113_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.688px;top:148.2px;">2,605</div><div id="a188117_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:148.2px;">61</div><div id="a188120" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:163.8px;">Foreign, AAA<div style="display:inline-block;width:3.74px"> </div>to BBB– </div><div id="a188124_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:219.928px;top:163.8px;">297</div><div id="a188127_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:275.755px;top:163.8px;">0</div><div id="a188130_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.728px;top:163.8px;">297</div><div id="a188134_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:416.302px;top:163.8px;">12</div><div id="a188138_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.982px;top:163.8px;">372</div><div id="a188141_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.808px;top:163.8px;">0</div><div id="a188144_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:163.8px;">372</div><div id="a188148_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:163.8px;">9</div><div id="a188151" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:179px;">Foreign, below BBB– </div><div id="a188155_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:229.848px;top:179px;">7</div><div id="a188158_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:275.755px;top:179px;">0</div><div id="a188161_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:321.662px;top:179px;">7</div><div id="a188165_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:179px;">0</div><div id="a188169_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:484.915px;top:179px;">4</div><div id="a188172_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.808px;top:179px;">0</div><div id="a188175_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.715px;top:179px;">4</div><div id="a188179_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:179px;">0</div><div id="a188182" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:194.6px;">Investment funds </div><div id="a188196" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:209.8px;">Equity<div style="display:inline-block;width:9.65px"> </div></div><div id="a188210" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:224.9px;">Domestic </div><div id="a188213_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:225.128px;top:224.9px;">19</div><div id="a188216_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:275.755px;top:224.9px;">3</div><div id="a188219_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:316.928px;top:224.9px;">22</div><div id="a188223_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:224.9px;">1</div><div id="a188227_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.182px;top:224.9px;">44</div><div id="a188230_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.808px;top:224.9px;">4</div><div id="a188233_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.982px;top:224.9px;">47</div><div id="a188237_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:224.9px;">1</div><div id="a188240" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:240.5px;">Foreign </div><div id="a188243_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:219.928px;top:240.5px;">366</div><div id="a188246_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:275.755px;top:240.5px;">0</div><div id="a188249_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.728px;top:240.5px;">366</div><div id="a188253_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:416.302px;top:240.5px;">15</div><div id="a188257_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.982px;top:240.5px;">921</div><div id="a188260_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.808px;top:240.5px;">0</div><div id="a188263_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:240.5px;">921</div><div id="a188267_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:240.5px;">21</div><div id="a188270" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:255.6px;">Bonds</div><div id="a188271" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:35.395px;top:256.3px;">1</div><div id="a188285" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:271.3px;">Domestic, AAA to BBB– </div><div id="a188289_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:219.928px;top:271.3px;">367</div><div id="a188292_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:271.035px;top:271.3px;">90</div><div id="a188295_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.728px;top:271.3px;">457</div><div id="a188299_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:416.302px;top:271.3px;">18</div><div id="a188303_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.982px;top:271.3px;">532</div><div id="a188306_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.875px;top:271.3px;">147</div><div id="a188309_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:271.3px;">679</div><div id="a188313_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:271.3px;">16</div><div id="a188316" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:286.4px;">Domestic, below BBB– </div><div id="a188320_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:229.848px;top:286.4px;">1</div><div id="a188323_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:275.755px;top:286.4px;">0</div><div id="a188326_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:321.662px;top:286.4px;">1</div><div id="a188330_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:286.4px;">0</div><div id="a188334_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.182px;top:286.4px;">12</div><div id="a188337_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.808px;top:286.4px;">0</div><div id="a188340_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.982px;top:286.4px;">12</div><div id="a188344_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:286.4px;">0</div><div id="a188347" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:302px;">Foreign, AAA<div style="display:inline-block;width:3.74px"> </div>to BBB– </div><div id="a188351_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:225.128px;top:302px;">90</div><div id="a188354_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:275.755px;top:302px;">0</div><div id="a188357_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:316.928px;top:302px;">90</div><div id="a188361_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:302px;">4</div><div id="a188365_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.982px;top:302px;">179</div><div id="a188368_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.808px;top:302px;">0</div><div id="a188371_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:302px;">179</div><div id="a188375_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:302px;">4</div><div id="a188378" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:317.1px;">Foreign, below BBB– </div><div id="a188382_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:219.928px;top:317.1px;">114</div><div id="a188385_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:275.755px;top:317.1px;">0</div><div id="a188388_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:311.728px;top:317.1px;">114</div><div id="a188392_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:317.1px;">5</div><div id="a188396_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.982px;top:317.1px;">115</div><div id="a188399_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.808px;top:317.1px;">0</div><div id="a188402_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:317.1px;">115</div><div id="a188406_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:317.1px;">3</div><div id="a188409" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:332.3px;">Real estate </div><div id="a188423" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:347.9px;">Domestic </div><div id="a188426_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:225.128px;top:347.9px;">64</div><div id="a188429_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:275.755px;top:347.9px;">0</div><div id="a188432_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:316.928px;top:347.9px;">64</div><div id="a188436_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:347.9px;">3</div><div id="a188440_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:474.982px;top:347.9px;">110</div><div id="a188443_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:526.088px;top:347.9px;">12</div><div id="a188446_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:347.9px;">122</div><div id="a188450_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:347.9px;">3</div><div id="a188453" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:21.682px;top:363px;">Foreign </div><div id="a188456_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:229.848px;top:363px;">6</div><div id="a188459_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:271.035px;top:363px;">31</div><div id="a188462_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:316.928px;top:363px;">36</div><div id="a188466_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:363px;">1</div><div id="a188470_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:484.915px;top:363px;">6</div><div id="a188473_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:526.088px;top:363px;">34</div><div id="a188476_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.982px;top:363px;">40</div><div id="a188480_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:363px;">1</div><div id="a188483" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:12.664px;top:378.6px;">Other </div><div id="a188486_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:215.195px;top:378.6px;display:flex;">(280)</div><div id="a188489_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:275.755px;top:378.6px;">0</div><div id="a188492_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:306.995px;top:378.6px;display:flex;">(280)</div><div id="a188496_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:378.6px;display:flex;">(11)</div><div id="a188500_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:470.248px;top:378.6px;display:flex;">(313)</div><div id="a188503_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.808px;top:378.6px;">0</div><div id="a188506_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:378.6px;display:flex;">(313)</div><div id="a188510_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.528px;top:378.6px;display:flex;">(7)</div><div id="a188513" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:393.8px;">Repurchase agreements </div><div id="a188516_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:215.195px;top:393.8px;display:flex;">(612)</div><div id="a188519_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:275.755px;top:393.8px;">0</div><div id="a188522_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:306.995px;top:393.8px;display:flex;">(612)</div><div id="a188526_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.582px;top:393.8px;display:flex;">(25)</div><div id="a188530_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:470.248px;top:393.8px;display:flex;">(725)</div><div id="a188533_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:530.808px;top:393.8px;">0</div><div id="a188536_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:393.8px;display:flex;">(725)</div><div id="a188540_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:393.8px;display:flex;">(17)</div><div id="a188543" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:409.4px;">Other investments </div><div id="a188548_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:225.128px;top:409.4px;">66</div><div id="a188551_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:271.035px;top:409.4px;">27</div><div id="a188554_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:316.928px;top:409.4px;">94</div><div id="a188558_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:421.035px;top:409.4px;">4</div><div id="a188562_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:480.182px;top:409.4px;">65</div><div id="a188565_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:526.088px;top:409.4px;">26</div><div id="a188568_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.982px;top:409.4px;">91</div><div id="a188572_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:409.4px;">2</div><div id="a188575" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:424.6px;">Total fair value of plan<div style="display:inline-block;width:4.01px"> </div>assets </div><div id="a188578_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:212.835px;top:424.6px;">2,336</div><div id="a188581_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:265.822px;top:424.6px;">151</div><div id="a188584_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:304.635px;top:424.6px;">2,488</div><div id="a188588_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:411.102px;top:424.6px;">100</div><div id="a188592_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:467.888px;top:424.6px;">4,074</div><div id="a188595_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:520.875px;top:424.6px;">223</div><div id="a188598_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:559.688px;top:424.6px;">4,297</div><div id="a188602_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:424.6px;">100</div><div id="a188605" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:439.6px;">1 The bond credit ratings<div style="display:inline-block;width:4.28px"> </div>are primarily based<div style="display:inline-block;width:3.63px"> </div>on S&amp;P’s credit<div style="display:inline-block;width:3.47px"> </div>ratings. Ratings<div style="display:inline-block;width:3.79px"> </div>AAA to BBB–<div style="display:inline-block;width:3.02px"> </div>and below BBB<div style="display:inline-block;width:1.45px"> </div>–<div style="display:inline-block;width:1.9px"> </div>represent investment<div style="display:inline-block;width:3.93px"> </div>grade and non-investment<div style="display:inline-block;width:3.83px"> </div>grade ratings,<div style="display:inline-block;width:3.63px"> </div>respectively. In<div style="display:inline-block;width:3.53px"> </div>cases where credit ratings </div><div id="a188614" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:449.5px;">from other rating agencies were<div style="display:inline-block;width:3.95px"> </div>used, these were converted<div style="display:inline-block;width:3.42px"> </div>to the equivalent rating<div style="display:inline-block;width:3.46px"> </div>in S&amp;P’s rating<div style="display:inline-block;width:3.95px"> </div>classification.</div></div><div id="TextBlockContainer1647" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:460px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a188619" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">US and German pension<div style="display:inline-block;width:4.24px"> </div>plans </div><div id="a188635" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:285.715px;top:14.8px;">31.12.22 </div><div id="a188638" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:539.795px;top:14.8px;">31.12.21 </div><div id="a188642" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:235.555px;top:39.9px;">Fair value </div><div id="a188645" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.848px;top:28.6px;">Plan asset </div><div id="a188647" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:379.862px;top:39.9px;">allocation % </div><div id="a188650" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:490.582px;top:39.9px;">Fair value </div><div id="a188653" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:641.542px;top:28.6px;">Plan asset </div><div id="a188655" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:632.555px;top:39.9px;">allocation % </div><div id="a188657" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:75.9px;">USD m </div><div id="a188660" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:207.622px;top:52.7px;">Quoted </div><div id="a188662" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:192.968px;top:64px;">in an active </div><div id="a188664" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:209.048px;top:75.9px;">market </div><div id="a188666" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:260.155px;top:75.9px;">Other </div><div id="a188668" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:308.422px;top:75.9px;">Total </div><div id="a188673" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:462.688px;top:52.7px;">Quoted </div><div id="a188675" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:448.022px;top:64px;">in an active </div><div id="a188677" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:464.102px;top:75.9px;">market </div><div id="a188679" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:515.208px;top:75.9px;">Other </div><div id="a188681" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:563.475px;top:75.9px;">Total </div><div id="a188685" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:89.6px;">Cash and cash equivalents </div><div id="a188688_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:229.848px;top:89.6px;">7</div><div id="a188691_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:275.755px;top:89.6px;">0</div><div id="a188694_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.662px;top:89.6px;">7</div><div id="a188698_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.035px;top:89.6px;">1</div><div id="a188702_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:480.182px;top:89.6px;">11</div><div id="a188705_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:530.808px;top:89.6px;">0</div><div id="a188708_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.982px;top:89.6px;">11</div><div id="a188712_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:89.6px;">1</div><div id="a188715" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:104.7px;">Equity </div><div id="a188729" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:119.9px;">Domestic </div><div id="a188732_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:225.128px;top:119.9px;">55</div><div id="a188735_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:275.755px;top:119.9px;">0</div><div id="a188738_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.928px;top:119.9px;">55</div><div id="a188742_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.035px;top:119.9px;">5</div><div id="a188746_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:480.182px;top:119.9px;">79</div><div id="a188749_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:530.808px;top:119.9px;">0</div><div id="a188752_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.982px;top:119.9px;">79</div><div id="a188756_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:119.9px;">6</div><div id="a188759" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:135.5px;">Foreign </div><div id="a188762_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:225.128px;top:135.5px;">24</div><div id="a188765_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:275.755px;top:135.5px;">0</div><div id="a188768_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.928px;top:135.5px;">24</div><div id="a188772_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.035px;top:135.5px;">2</div><div id="a188776_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:480.182px;top:135.5px;">31</div><div id="a188779_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:530.808px;top:135.5px;">0</div><div id="a188782_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.982px;top:135.5px;">31</div><div id="a188786_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:135.5px;">2</div><div id="a188789" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:150.6px;">Bonds</div><div id="a188790" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:26.411px;top:151.2px;">1</div><div id="a188804" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:166.2px;">Domestic, AAA to BBB– </div><div id="a188808_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:219.928px;top:166.2px;">359</div><div id="a188811_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:275.755px;top:166.2px;">0</div><div id="a188814_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:166.2px;">359</div><div id="a188818_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:416.302px;top:166.2px;">35</div><div id="a188822_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:474.982px;top:166.2px;">486</div><div id="a188825_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:530.808px;top:166.2px;">0</div><div id="a188828_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.782px;top:166.2px;">486</div><div id="a188832_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.995px;top:166.2px;">37</div><div id="a188835" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:181.4px;">Domestic, below BBB– </div><div id="a188839_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:229.848px;top:181.4px;">4</div><div id="a188842_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:275.755px;top:181.4px;">0</div><div id="a188845_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.662px;top:181.4px;">4</div><div id="a188849_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.035px;top:181.4px;">0</div><div id="a188853_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:480.182px;top:181.4px;">17</div><div id="a188856_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:530.808px;top:181.4px;">0</div><div id="a188859_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.982px;top:181.4px;">17</div><div id="a188863_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:181.4px;">1</div><div id="a188866" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:196.5px;">Foreign, AAA<div style="display:inline-block;width:3.74px"> </div>to BBB– </div><div id="a188870_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:225.128px;top:196.5px;">74</div><div id="a188873_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:275.755px;top:196.5px;">0</div><div id="a188876_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.928px;top:196.5px;">74</div><div id="a188880_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.035px;top:196.5px;">7</div><div id="a188884_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:480.182px;top:196.5px;">97</div><div id="a188887_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:530.808px;top:196.5px;">0</div><div id="a188890_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.982px;top:196.5px;">97</div><div id="a188894_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:196.5px;">7</div><div id="a188897" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:212.1px;">Foreign, below BBB– </div><div id="a188901_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:229.848px;top:212.1px;">3</div><div id="a188904_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:275.755px;top:212.1px;">0</div><div id="a188907_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.662px;top:212.1px;">3</div><div id="a188911_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.035px;top:212.1px;">0</div><div id="a188915_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:484.915px;top:212.1px;">6</div><div id="a188918_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:530.808px;top:212.1px;">0</div><div id="a188921_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.715px;top:212.1px;">6</div><div id="a188925_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:212.1px;">0</div><div id="a188928" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:227.2px;">Investment funds </div><div id="a188942" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:242.9px;">Equity<div style="display:inline-block;width:9.65px"> </div></div><div id="a188956" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.682px;top:258px;">Domestic </div><div id="a188959_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:225.128px;top:258px;">27</div><div id="a188962_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:275.755px;top:258px;">0</div><div id="a188965_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.928px;top:258px;">27</div><div id="a188969_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.035px;top:258px;">3</div><div id="a188973_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:484.915px;top:258px;">3</div><div id="a188976_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:530.808px;top:258px;">0</div><div id="a188979_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.715px;top:258px;">3</div><div id="a188983_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:258px;">0</div><div id="a188986" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.682px;top:273.6px;">Foreign </div><div id="a188989_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:225.128px;top:273.6px;">33</div><div id="a188992_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:275.755px;top:273.6px;">0</div><div id="a188995_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.928px;top:273.6px;">33</div><div id="a188999_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.035px;top:273.6px;">3</div><div id="a189003_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:480.182px;top:273.6px;">56</div><div id="a189006_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:530.808px;top:273.6px;">0</div><div id="a189009_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.982px;top:273.6px;">56</div><div id="a189013_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:273.6px;">4</div><div id="a189016" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:288.7px;">Bonds</div><div id="a189017" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:35.395px;top:289.4px;">1</div><div id="a189031" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.682px;top:303.9px;">Domestic, AAA to BBB– </div><div id="a189035_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:219.928px;top:303.9px;">266</div><div id="a189038_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:275.755px;top:303.9px;">0</div><div id="a189041_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:303.9px;">266</div><div id="a189045_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:416.302px;top:303.9px;">26</div><div id="a189049_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:474.982px;top:303.9px;">269</div><div id="a189052_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:530.808px;top:303.9px;">0</div><div id="a189055_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.782px;top:303.9px;">269</div><div id="a189059_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.995px;top:303.9px;">20</div><div id="a189062" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.682px;top:319.5px;">Domestic, below BBB– </div><div id="a189066_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:219.928px;top:319.5px;">109</div><div id="a189069_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:275.755px;top:319.5px;">0</div><div id="a189072_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:319.5px;">109</div><div id="a189076_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:416.302px;top:319.5px;">10</div><div id="a189080_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:474.982px;top:319.5px;">147</div><div id="a189083_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:530.808px;top:319.5px;">0</div><div id="a189086_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.782px;top:319.5px;">147</div><div id="a189090_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.995px;top:319.5px;">11</div><div id="a189093" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.682px;top:334.7px;">Foreign, AAA<div style="display:inline-block;width:3.74px"> </div>to BBB– </div><div id="a189097_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:229.848px;top:334.7px;">2</div><div id="a189100_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:275.755px;top:334.7px;">0</div><div id="a189103_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.662px;top:334.7px;">2</div><div id="a189107_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.035px;top:334.7px;">0</div><div id="a189111_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:480.182px;top:334.7px;">11</div><div id="a189114_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:530.808px;top:334.7px;">0</div><div id="a189117_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.982px;top:334.7px;">11</div><div id="a189121_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:334.7px;">1</div><div id="a189124" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.682px;top:350.3px;">Foreign, below BBB– </div><div id="a189128_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:229.848px;top:350.3px;">5</div><div id="a189131_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:275.755px;top:350.3px;">0</div><div id="a189134_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.662px;top:350.3px;">5</div><div id="a189138_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.035px;top:350.3px;">0</div><div id="a189142_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:484.915px;top:350.3px;">2</div><div id="a189145_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:530.808px;top:350.3px;">0</div><div id="a189148_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.715px;top:350.3px;">2</div><div id="a189152_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:350.3px;">0</div><div id="a189155" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:365.4px;">Real estate </div><div id="a189169" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:21.682px;top:381px;">Domestic </div><div id="a189172_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:229.848px;top:381px;">0</div><div id="a189175_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:271.035px;top:381px;">11</div><div id="a189178_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.928px;top:381px;">11</div><div id="a189182_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.035px;top:381px;">1</div><div id="a189186_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:484.915px;top:381px;">0</div><div id="a189189_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:530.808px;top:381px;">9</div><div id="a189192_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.715px;top:381px;">9</div><div id="a189196_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:381px;">1</div><div id="a189199" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:12.664px;top:396.1px;">Other </div><div id="a189202_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:225.128px;top:396.1px;">54</div><div id="a189205_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:275.755px;top:396.1px;">0</div><div id="a189208_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.928px;top:396.1px;">54</div><div id="a189212_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.035px;top:396.1px;">5</div><div id="a189216_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:480.182px;top:396.1px;">99</div><div id="a189219_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:530.808px;top:396.1px;">0</div><div id="a189222_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.982px;top:396.1px;">99</div><div id="a189226_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:396.1px;">7</div><div id="a189229" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:411.3px;">Other investments </div><div id="a189232_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:229.848px;top:411.3px;">5</div><div id="a189235_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:275.755px;top:411.3px;">1</div><div id="a189238_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:321.662px;top:411.3px;">6</div><div id="a189242_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:421.035px;top:411.3px;">1</div><div id="a189246_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:484.915px;top:411.3px;">5</div><div id="a189249_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:530.808px;top:411.3px;">1</div><div id="a189252_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.715px;top:411.3px;">6</div><div id="a189256_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:411.3px;">0</div><div id="a189259" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:426.9px;">Total fair value of plan<div style="display:inline-block;width:4.01px"> </div>assets </div><div id="a189262_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:212.835px;top:426.9px;">1,027</div><div id="a189265_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:271.035px;top:426.9px;">12</div><div id="a189268_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:304.635px;top:426.9px;">1,039</div><div id="a189272_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:411.102px;top:426.9px;">100</div><div id="a189276_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:467.888px;top:426.9px;">1,319</div><div id="a189279_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:526.088px;top:426.9px;">10</div><div id="a189282_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:559.688px;top:426.9px;">1,329</div><div id="a189286_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.795px;top:426.9px;">100</div><div id="a189289" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:441.9px;">1 The bond credit ratings<div style="display:inline-block;width:4.28px"> </div>are primarily based<div style="display:inline-block;width:3.63px"> </div>on S&amp;P’s credit<div style="display:inline-block;width:3.47px"> </div>ratings. Ratings<div style="display:inline-block;width:3.79px"> </div>AAA to BBB–<div style="display:inline-block;width:3.02px"> </div>and below BBB<div style="display:inline-block;width:1.45px"> </div>–<div style="display:inline-block;width:1.9px"> </div>represent investment<div style="display:inline-block;width:3.93px"> </div>grade and non-investment<div style="display:inline-block;width:3.83px"> </div>grade ratings,<div style="display:inline-block;width:3.63px"> </div>respectively. In<div style="display:inline-block;width:3.53px"> </div>cases where credit ratings </div><div id="a189298" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:451.9px;">from other rating agencies were<div style="display:inline-block;width:3.95px"> </div>used, these were converted<div style="display:inline-block;width:3.42px"> </div>to the equivalent rating<div style="display:inline-block;width:3.46px"> </div>in S&amp;P’s rating<div style="display:inline-block;width:3.95px"> </div>classification.</div></div> 183000000 0 183000000 0.01 106000000 0 106000000 0.01 0 2130000000 2130000000 0.13 0 1994000000 1994000000 0.10 0 517000000 517000000 0.03 0 328000000 328000000 0.02 418000000 0 418000000 0.02 476000000 0 476000000 0.02 2794000000 1222000000 4017000000 0.24 3510000000 1498000000 5009000000 0.26 2117000000 0 2117000000 0.12 2512000000 0 2512000000 0.13 3395000000 0 3395000000 0.20 2877000000 0 2877000000 0.15 598000000 0 598000000 0.04 742000000 0 742000000 0.04 867000000 1997000000 2864000000 0.17 2379000000 2010000000 4389000000 0.23 351000000 367000000 718000000 0.04 377000000 385000000 762000000 0.04 10724000000 6233000000 16957000000 1 12980000000 6216000000 19196000000 1 16957000000 19196000000 189000000 109000000 28000000 16000000 15000000 14000000 489000000 608000000 51000000 52000000 43000000 72000000 -5000000 24000000 104000000 0 104000000 0.04 147000000 0 147000000 0.03 1729000000 0 1729000000 0.69 2605000000 0 2605000000 0.61 297000000 0 297000000 0.12 372000000 0 372000000 0.09 7000000 0 7000000 0 0 4000000 0 4000000 0 19000000 3000000 22000000 0.01 44000000 4000000 47000000 0.01 366000000 0 366000000 0.15 921000000 0 921000000 0.21 367000000 90000000 457000000 0.18 532000000 147000000 679000000 0.16 1000000 0 1000000 0 12000000 0 12000000 0 90000000 0 90000000 0.04 179000000 0 179000000 0.04 114000000 0 114000000 0.05 115000000 0 115000000 0.03 64000000 0 64000000 0.03 110000000 12000000 122000000 0.03 6000000 31000000 36000000 0.01 6000000 34000000 40000000 0.01 -280000000 0 -280000000 -0.11 -313000000 0 -313000000 -0.07 -612000000 0 -612000000 -0.25 -725000000 0 -725000000 -0.17 66000000 27000000 94000000 0.04 65000000 26000000 91000000 0.02 2336000000 151000000 2488000000 1 4074000000 223000000 4297000000 1 7000000 0 7000000 0.01 11000000 0 11000000 0.01 55000000 0 55000000 0.05 79000000 0 79000000 0.06 24000000 0 24000000 0.02 31000000 0 31000000 0.02 359000000 0 359000000 0.35 486000000 0 486000000 0.37 4000000 0 4000000 0 17000000 0 17000000 0.01 74000000 0 74000000 0.07 97000000 0 97000000 0.07 3000000 0 3000000 0 6000000 0 6000000 0 27000000 0 27000000 0.03 3000000 0 3000000 0 33000000 0 33000000 0.03 56000000 0 56000000 0.04 266000000 0 266000000 0.26 269000000 0 269000000 0.20 109000000 0 109000000 0.10 147000000 0 147000000 0.11 2000000 0 2000000 0 11000000 0 11000000 0.01 5000000 0 5000000 0 2000000 0 2000000 0 0 11000000 11000000 0.01 0 9000000 9000000 0.01 54000000 0 54000000 0.05 99000000 0 99000000 0.07 5000000 1000000 6000000 0.01 5000000 1000000 6000000 0 1027000000 12000000 1039000000 1 1319000000 10000000 1329000000 1 299000000 303000000 291000000 20000000 22000000 253000000 241000000 <div id="TextBlockContainer1654" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:589px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a189453" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 27<div style="display:inline-block;width:8.21px"> </div>Employee benefits: variable compensation<div style="display:inline-block;width:5.56px"> </div></div><div id="a189458" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:10.3px;"> </div><div id="a189459" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:4.905px;top:30.3px;">a) Plans offered </div><div id="a189462" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:58px;">UBS<div style="display:inline-block;width:5.08px"> </div>has several<div style="display:inline-block;width:5.15px"> </div>share-based<div style="display:inline-block;width:5.46px"> </div>and other<div style="display:inline-block;width:5.81px"> </div>deferred compensation<div style="display:inline-block;width:6.41px"> </div>plans that<div style="display:inline-block;width:5.55px"> </div>align the<div style="display:inline-block;width:5.08px"> </div>interests of<div style="display:inline-block;width:5.8px"> </div>Group<div style="display:inline-block;width:5.32px"> </div>Executive Board </div><div id="a189465" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:73.2px;">(GEB) members and other employees with<div style="display:inline-block;width:5.08px"> </div>the interests of investors.<div style="display:inline-block;width:5.71px"> </div></div><div id="a189468" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:95.9px;">Share-based<div style="display:inline-block;width:2.04px"> </div>awards<div style="display:inline-block;width:1.86px"> </div>are granted<div style="display:inline-block;width:0.96px"> </div>in the<div style="display:inline-block;width:2.14px"> </div>form<div style="display:inline-block;width:2.11px"> </div>of notional<div style="display:inline-block;width:0.6px"> </div>shares<div style="display:inline-block;width:2.28px"> </div>and, where<div style="display:inline-block;width:0.53px"> </div>permitted,<div style="display:inline-block;width:1.68px"> </div>carry<div style="display:inline-block;width:1.65px"> </div>a dividend<div style="display:inline-block;width:0.97px"> </div>equivalent<div style="display:inline-block;width:1.46px"> </div>that<div style="display:inline-block;width:2.26px"> </div>may be </div><div id="a189473" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:111px;">paid in<div style="display:inline-block;width:1.92px"> </div>notional<div style="display:inline-block;width:1.87px"> </div>shares<div style="display:inline-block;width:2.28px"> </div>or cash.<div style="display:inline-block;width:2.2px"> </div>Awards<div style="display:inline-block;width:2.25px"> </div>are settled<div style="display:inline-block;width:0.98px"> </div>by delivering<div style="display:inline-block;width:0.99px"> </div>UBS shares<div style="display:inline-block;width:1.32px"> </div>at vesting,<div style="display:inline-block;width:1.47px"> </div>except in<div style="display:inline-block;width:2.05px"> </div>jurisdictions<div style="display:inline-block;width:0.45px"> </div>where this<div style="display:inline-block;width:1.91px"> </div>is not </div><div id="a189475" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:126.7px;">permitted<div style="display:inline-block;width:1.58px"> </div>for<div style="display:inline-block;width:2.26px"> </div>legal or<div style="display:inline-block;width:2.04px"> </div>tax reasons.<div style="display:inline-block;width:1.04px"> </div></div><div id="a189478" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:149.3px;">Deferred<div style="display:inline-block;width:5.81px"> </div>compensation<div style="display:inline-block;width:6.22px"> </div>awards<div style="display:inline-block;width:6.15px"> </div>are<div style="display:inline-block;width:5.76px"> </div>generally<div style="display:inline-block;width:5.52px"> </div>forfeitable<div style="display:inline-block;width:5.73px"> </div>upon,<div style="display:inline-block;width:6.59px"> </div>among<div style="display:inline-block;width:5.66px"> </div>other<div style="display:inline-block;width:5.77px"> </div>circumstances,<div style="display:inline-block;width:5.35px"> </div>voluntary<div style="display:inline-block;width:5.94px"> </div>termination<div style="display:inline-block;width:6.41px"> </div>of </div><div id="a189482" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:164.5px;">employment with UBS. These compensation plans are also designed to meet regulatory requirements and include special </div><div id="a189484" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:180.1px;">provisions<div style="display:inline-block;width:6.26px"> </div>for<div style="display:inline-block;width:5.57px"> </div>regulated<div style="display:inline-block;width:6.11px"> </div>employees.<div style="display:inline-block;width:6.38px"> </div>For<div style="display:inline-block;width:5.99px"> </div>the<div style="display:inline-block;width:5.72px"> </div>majority<div style="display:inline-block;width:5.95px"> </div>of<div style="display:inline-block;width:6.2px"> </div>variable<div style="display:inline-block;width:6.26px"> </div>compensation<div style="display:inline-block;width:6.12px"> </div>awards<div style="display:inline-block;width:6.59px"> </div>granted<div style="display:inline-block;width:5.98px"> </div>under<div style="display:inline-block;width:6.13px"> </div>such<div style="display:inline-block;width:5.93px"> </div>plans<div style="display:inline-block;width:6.02px"> </div>to </div><div id="a189486" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:195.3px;">employees of UBS<div style="display:inline-block;width:5.81px"> </div>AG, the grantor<div style="display:inline-block;width:5.29px"> </div>entity is UBS Group<div style="display:inline-block;width:5.52px"> </div>AG. Expenses associated<div style="display:inline-block;width:5.43px"> </div>with these awards<div style="display:inline-block;width:5.53px"> </div>are charged<div style="display:inline-block;width:5.05px"> </div>by UBS </div><div id="a189488" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:210.4px;">Group AG to UBS AG. For the<div style="display:inline-block;width:5.03px"> </div>purpose of this Note, references to shares<div style="display:inline-block;width:5.49px"> </div>refer to UBS Group AG<div style="display:inline-block;width:5.02px"> </div>shares. </div><div id="a189490" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:233.6px;"> </div><div id="a189491" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:256.3px;">The most<div style="display:inline-block;width:1.2px"> </div>significant<div style="display:inline-block;width:0.78px"> </div>deferred<div style="display:inline-block;width:2.08px"> </div>compensation<div style="display:inline-block;width:0.45px"> </div>plans are<div style="display:inline-block;width:1.48px"> </div>described<div style="display:inline-block;width:1.61px"> </div>below. </div><div id="a189494" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:268px;">›</div><div id="a189495" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:268.2px;"> </div><div id="a189496" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:272.8px;">Refer to Note<div style="display:inline-block;width:1.12px"> </div>1a<div style="display:inline-block;width:1.61px"> </div>item 4 for a description<div style="display:inline-block;width:1.57px"> </div>of the accounting<div style="display:inline-block;width:1.24px"> </div>policy related to<div style="display:inline-block;width:1.65px"> </div>share-based and other<div style="display:inline-block;width:0.83px"> </div>deferred compensation<div style="display:inline-block;width:1.29px"> </div>plans </div><div id="a189515" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#E60000;left:4.905px;top:300.9px;">Mandatory deferred compensation plans </div><div id="a189517" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:323.9px;">Long-Term Incentive Plan </div><div id="a189524" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:339px;">The Long-Term<div style="display:inline-block;width:6.95px"> </div>Incentive Plan<div style="display:inline-block;width:5.52px"> </div>(LTIP)<div style="display:inline-block;width:5.85px"> </div>is a<div style="display:inline-block;width:5.25px"> </div>mandatory deferred<div style="display:inline-block;width:5.91px"> </div>share-based<div style="display:inline-block;width:5.56px"> </div>compensation plan<div style="display:inline-block;width:5.58px"> </div>for GEB<div style="display:inline-block;width:5.3px"> </div>members for<div style="display:inline-block;width:5.47px"> </div>the </div><div id="a189530" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:354.7px;">performance year 2022. For prior performance years, LTIP was granted to senior leaders of the<div style="display:inline-block;width:2.09px"> </div>Group (i.e., GEB members </div><div id="a189532" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:369.8px;">and selected senior management). </div><div id="a189535" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:393px;">The number of notional<div style="display:inline-block;width:5.09px"> </div>shares delivered at vesting depends on two<div style="display:inline-block;width:5.18px"> </div>equally weighted performance metrics over a three-</div><div id="a189537" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:408.1px;">year performance<div style="display:inline-block;width:7.11px"> </div>period:<div style="display:inline-block;width:5.66px"> </div>return<div style="display:inline-block;width:5.62px"> </div>on<div style="display:inline-block;width:5.61px"> </div>common<div style="display:inline-block;width:5.3px"> </div>equity<div style="display:inline-block;width:5.15px"> </div>tier 1<div style="display:inline-block;width:6.52px"> </div>(CET1)<div style="display:inline-block;width:5.77px"> </div>capital and<div style="display:inline-block;width:6.77px"> </div>relative<div style="display:inline-block;width:5.2px"> </div>total shareholder<div style="display:inline-block;width:7.2px"> </div>return,<div style="display:inline-block;width:5.72px"> </div>which </div><div id="a189538" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:423.3px;">compares<div style="display:inline-block;width:5.39px"> </div>the<div style="display:inline-block;width:5.25px"> </div>total<div style="display:inline-block;width:5.54px"> </div>shareholder<div style="display:inline-block;width:5.89px"> </div>return<div style="display:inline-block;width:5.62px"> </div>(TSR)<div style="display:inline-block;width:5.61px"> </div>of<div style="display:inline-block;width:5.25px"> </div>UBS<div style="display:inline-block;width:5.56px"> </div>with<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>TSR<div style="display:inline-block;width:5.4px"> </div>of<div style="display:inline-block;width:5.25px"> </div>an<div style="display:inline-block;width:5.4px"> </div>index<div style="display:inline-block;width:5.3px"> </div>consisting<div style="display:inline-block;width:5.54px"> </div>of<div style="display:inline-block;width:5.25px"> </div>listed<div style="display:inline-block;width:5.56px"> </div>Global<div style="display:inline-block;width:5.29px"> </div>Systemically </div><div id="a189541" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:438.9px;">Important<div style="display:inline-block;width:5.09px"> </div>Banks<div style="display:inline-block;width:5.66px"> </div>as<div style="display:inline-block;width:5.25px"> </div>determined<div style="display:inline-block;width:5.24px"> </div>by<div style="display:inline-block;width:5.2px"> </div>the Financial<div style="display:inline-block;width:5.99px"> </div>Stability<div style="display:inline-block;width:5.06px"> </div>Board<div style="display:inline-block;width:5.89px"> </div>(excluding<div style="display:inline-block;width:5.5px"> </div>UBS). The<div style="display:inline-block;width:6.07px"> </div>final<div style="display:inline-block;width:5.04px"> </div>number<div style="display:inline-block;width:5.5px"> </div>of<div style="display:inline-block;width:5.25px"> </div>shares<div style="display:inline-block;width:5.12px"> </div>vest over </div><div id="a189542" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:454px;">three<div style="display:inline-block;width:5.34px"> </div>years following<div style="display:inline-block;width:6.87px"> </div>the<div style="display:inline-block;width:5.25px"> </div>performance pe<div style="display:inline-block;width:1.67px"> </div>riod<div style="display:inline-block;width:5.36px"> </div>for<div style="display:inline-block;width:5.1px"> </div>GEB<div style="display:inline-block;width:5.3px"> </div>members,<div style="display:inline-block;width:5.1px"> </div>and<div style="display:inline-block;width:5.61px"> </div>cliff-vest in<div style="display:inline-block;width:5.97px"> </div>the<div style="display:inline-block;width:5.72px"> </div>year following<div style="display:inline-block;width:6.82px"> </div>the<div style="display:inline-block;width:5.25px"> </div>performance </div><div id="a189547" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:469.2px;">period for selected senior management<div style="display:inline-block;width:1.39px"> </div>. </div><div id="a189550" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:492.3px;">Equity Ownership Plan / Fund<div style="display:inline-block;width:5.22px"> </div>Ownership Plan </div><div id="a189555" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:507.5px;">The Equity Ownership Plan<div style="display:inline-block;width:5.21px"> </div>(EOP) is the<div style="display:inline-block;width:5.04px"> </div>deferred share-based<div style="display:inline-block;width:5.84px"> </div>compensation plan for<div style="display:inline-block;width:5.58px"> </div>employees outside of<div style="display:inline-block;width:5.06px"> </div>the GEB that </div><div id="a189559" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:522.6px;">are subject to deferral requirements.<div style="display:inline-block;width:5.43px"> </div>EOP awards generally<div style="display:inline-block;width:5.11px"> </div>vest over three years.<div style="display:inline-block;width:5.27px"> </div></div><div id="a189561" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:545.3px;">Certain Asset Management<div style="display:inline-block;width:6.28px"> </div>employees receive<div style="display:inline-block;width:5.35px"> </div>some or<div style="display:inline-block;width:5.45px"> </div>all of<div style="display:inline-block;width:5.15px"> </div>their EOP<div style="display:inline-block;width:5.47px"> </div>in the form<div style="display:inline-block;width:6.25px"> </div>of notional<div style="display:inline-block;width:5.33px"> </div>funds (Fund<div style="display:inline-block;width:5.84px"> </div>Ownership </div><div id="a189562" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:560.5px;">Plan or FOP,<div style="display:inline-block;width:5.49px"> </div>previously named<div style="display:inline-block;width:5.21px"> </div>AM EOP).<div style="display:inline-block;width:5.14px"> </div>This plan is<div style="display:inline-block;width:5.02px"> </div>generally delivered in<div style="display:inline-block;width:5.43px"> </div>cash and vests<div style="display:inline-block;width:5.13px"> </div>over three years.<div style="display:inline-block;width:5.66px"> </div>The amount </div><div id="a189564" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:576.1px;">delivered depends on the<div style="display:inline-block;width:5.01px"> </div>value of the underlying investment funds at the<div style="display:inline-block;width:5.04px"> </div>time of vesting.</div></div><div id="TextBlockContainer1656" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:449px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a189606" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Deferred Contingent Ca<div style="display:inline-block;width:1.34px"> </div>pital Plan </div><div id="a189611" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.6px;">The<div style="display:inline-block;width:5.44px"> </div>Deferred<div style="display:inline-block;width:5.34px"> </div>Contingent<div style="display:inline-block;width:5.96px"> </div>Capital<div style="display:inline-block;width:5.67px"> </div>Plan<div style="display:inline-block;width:5.3px"> </div>(DCCP)<div style="display:inline-block;width:5.87px"> </div>is<div style="display:inline-block;width:5.15px"> </div>a<div style="display:inline-block;width:5.2px"> </div>deferred<div style="display:inline-block;width:5.86px"> </div>compensation<div style="display:inline-block;width:6.12px"> </div>plan<div style="display:inline-block;width:5.5px"> </div>for<div style="display:inline-block;width:5.57px"> </div>all employees<div style="display:inline-block;width:6.98px"> </div>who<div style="display:inline-block;width:5.71px"> </div>are<div style="display:inline-block;width:5.29px"> </div>subject<div style="display:inline-block;width:5.67px"> </div>to </div><div id="a189613" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.8px;">deferral requirements.<div style="display:inline-block;width:6.41px"> </div>Such employees<div style="display:inline-block;width:6.45px"> </div>are awarded<div style="display:inline-block;width:6.46px"> </div>notional<div style="display:inline-block;width:5.18px"> </div>additional<div style="display:inline-block;width:5.07px"> </div>tier 1<div style="display:inline-block;width:5.57px"> </div>(AT1)<div style="display:inline-block;width:5.72px"> </div>capital instruments,<div style="display:inline-block;width:5.98px"> </div>which,<div style="display:inline-block;width:5.04px"> </div>at the </div><div id="a189614" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:46.4px;">discretion of UBS, can be settled in cash or a perpetual,<div style="display:inline-block;width:5.1px"> </div>marketable AT1 capital instrument. DCCP<div style="display:inline-block;width:5.23px"> </div>awards generally bear </div><div id="a189615" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:61.5px;">notional<div style="display:inline-block;width:6.12px"> </div>interest<div style="display:inline-block;width:5.6px"> </div>paid<div style="display:inline-block;width:5.98px"> </div>annually<div style="display:inline-block;width:5.87px"> </div>(except<div style="display:inline-block;width:5.42px"> </div>for<div style="display:inline-block;width:6.04px"> </div>certain<div style="display:inline-block;width:5.74px"> </div>regulated<div style="display:inline-block;width:6.11px"> </div>employees)<div style="display:inline-block;width:5.77px"> </div>and<div style="display:inline-block;width:6.08px"> </div>vest<div style="display:inline-block;width:5.37px"> </div>in<div style="display:inline-block;width:6.25px"> </div>full<div style="display:inline-block;width:5.52px"> </div>after<div style="display:inline-block;width:5.21px"> </div>five<div style="display:inline-block;width:5.69px"> </div>years.<div style="display:inline-block;width:5.95px"> </div>Awards<div style="display:inline-block;width:6.51px"> </div>are </div><div id="a189616" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.6px;">forfeited if a viability<div style="display:inline-block;width:1.87px"> </div>event occurs (i.e., if FINMA<div style="display:inline-block;width:2.16px"> </div>notifies the firm<div style="display:inline-block;width:2px"> </div>that the DCCP awards must be written<div style="display:inline-block;width:1.84px"> </div>down to mitigate </div><div id="a189618" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:92.3px;">the risk of<div style="display:inline-block;width:5.3px"> </div>insolvency,<div style="display:inline-block;width:5.42px"> </div>bankruptcy or failure<div style="display:inline-block;width:5.96px"> </div>of UBS)<div style="display:inline-block;width:5.34px"> </div>or if the<div style="display:inline-block;width:5.25px"> </div>firm receives a commitment<div style="display:inline-block;width:5.8px"> </div>of extraordinary<div style="display:inline-block;width:5.08px"> </div>support from </div><div id="a189619" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.4px;">the public<div style="display:inline-block;width:6.02px"> </div>sector that<div style="display:inline-block;width:5.42px"> </div>is necessary<div style="display:inline-block;width:5.57px"> </div>to prevent<div style="display:inline-block;width:6.44px"> </div>such an<div style="display:inline-block;width:6.23px"> </div>event. DCCP<div style="display:inline-block;width:5.72px"> </div>awards<div style="display:inline-block;width:5.17px"> </div>are also<div style="display:inline-block;width:5.54px"> </div>written down<div style="display:inline-block;width:6.23px"> </div>if the<div style="display:inline-block;width:5.57px"> </div>Group’s CET1 </div><div id="a189621" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:123px;">capital ratio falls below a<div style="display:inline-block;width:2.3px"> </div>defined threshold. In addition, GEB members<div style="display:inline-block;width:2.2px"> </div>forfeit </div><div id="a189621_80_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:441.397px;top:123px;">20</div><div id="a189621_82_38" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:456.53px;top:123px;">% of DCCP awards for each<div style="display:inline-block;width:2.32px"> </div>loss-making </div><div id="a189624" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:138.1px;">year during the vesting period. </div><div id="a189627" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:168.6px;">Financial advisor variable<div style="display:inline-block;width:5.28px"> </div>compensation </div><div id="a189630" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:191.6px;">In line with market practice for US wealth management businesses,<div style="display:inline-block;width:5.31px"> </div>the compensation for US financial advisors in Global </div><div id="a189632" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:206.8px;">Wealth Management<div style="display:inline-block;width:5.16px"> </div>consists of cash<div style="display:inline-block;width:5.6px"> </div>compensation and<div style="display:inline-block;width:5.69px"> </div>deferred compensation<div style="display:inline-block;width:5.46px"> </div>awards, determined<div style="display:inline-block;width:5.42px"> </div>using a<div style="display:inline-block;width:5.38px"> </div>formulaic </div><div id="a189633" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:222.4px;">approach based on production.<div style="display:inline-block;width:5.3px"> </div></div><div id="a189635" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:245.1px;">Cash<div style="display:inline-block;width:7.97px"> </div>compensation<div style="display:inline-block;width:8.01px"> </div>reflects<div style="display:inline-block;width:7.09px"> </div>a<div style="display:inline-block;width:7.57px"> </div>percentage<div style="display:inline-block;width:8.38px"> </div>of<div style="display:inline-block;width:7.62px"> </div>the<div style="display:inline-block;width:7.62px"> </div>compensable<div style="display:inline-block;width:7.96px"> </div>production<div style="display:inline-block;width:8.41px"> </div>that<div style="display:inline-block;width:7.94px"> </div>each<div style="display:inline-block;width:7.57px"> </div>financial<div style="display:inline-block;width:7.78px"> </div>advisor<div style="display:inline-block;width:7.56px"> </div>generates. </div><div id="a189636" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:260.2px;">Compensable production is generally based<div style="display:inline-block;width:5.08px"> </div>on transaction revenue and investment advisory fees and may reflect further </div><div id="a189638" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:275.8px;">adjustments. The percentage rate generally<div style="display:inline-block;width:5.46px"> </div>varies based on the level of the production<div style="display:inline-block;width:5.53px"> </div>and firm tenure. </div><div id="a189640" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:298.5px;">Financial<div style="display:inline-block;width:5.36px"> </div>advisors<div style="display:inline-block;width:6.19px"> </div>may<div style="display:inline-block;width:5.32px"> </div>also<div style="display:inline-block;width:5.82px"> </div>be<div style="display:inline-block;width:5.88px"> </div>granted<div style="display:inline-block;width:5.98px"> </div>annual<div style="display:inline-block;width:6.18px"> </div>deferred<div style="display:inline-block;width:5.86px"> </div>compensation.<div style="display:inline-block;width:6.23px"> </div>These<div style="display:inline-block;width:5.45px"> </div>amounts<div style="display:inline-block;width:6.02px"> </div>generally<div style="display:inline-block;width:5.52px"> </div>vest<div style="display:inline-block;width:5.37px"> </div>over<div style="display:inline-block;width:5.99px"> </div>a<div style="display:inline-block;width:5.67px"> </div>six-year </div><div id="a189643" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:313.7px;">period. The annual deferred compensa<div style="display:inline-block;width:1.72px"> </div>tion amount reflects the overall percentage<div style="display:inline-block;width:5.24px"> </div>rate and production.<div style="display:inline-block;width:4.77px"> </div></div><div id="a189646" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:336.4px;">Cash compensation<div style="display:inline-block;width:5.69px"> </div>and deferred compensation<div style="display:inline-block;width:5.97px"> </div>awards may be<div style="display:inline-block;width:5.7px"> </div>reduced for,<div style="display:inline-block;width:5.12px"> </div>among other things,<div style="display:inline-block;width:5.52px"> </div>errors, negligence or </div><div id="a189647" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:351.5px;">carelessness, or failure to comply with the firm’s rules, standards,<div style="display:inline-block;width:5.77px"> </div>practices and / or policies, and / or applicable laws and </div><div id="a189649" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:367.1px;">regulations.<div style="display:inline-block;width:4.03px"> </div></div><div id="a189651" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:389.8px;">Financial advisors<div style="display:inline-block;width:6.93px"> </div>may also<div style="display:inline-block;width:6.52px"> </div>participate<div style="display:inline-block;width:5.68px"> </div>in<div style="display:inline-block;width:5.3px"> </div>additional<div style="display:inline-block;width:5.54px"> </div>programs<div style="display:inline-block;width:5.16px"> </div>to<div style="display:inline-block;width:5.25px"> </div>support<div style="display:inline-block;width:5.28px"> </div>promoting<div style="display:inline-block;width:5.89px"> </div>and<div style="display:inline-block;width:5.13px"> </div>developing<div style="display:inline-block;width:5.8px"> </div>their business<div style="display:inline-block;width:6.69px"> </div>or </div><div id="a189652" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:405px;">supporting the transition of client relationships where appropriate.<div style="display:inline-block;width:2.1px"> </div>Financial advisor compensation also includes expenses </div><div id="a189658" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:420.1px;">related to compensation commitments with<div style="display:inline-block;width:5.57px"> </div>financial advisors entered into at the time<div style="display:inline-block;width:5.57px"> </div>of recruitment that are subject to </div><div id="a189659" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:435.7px;">vesting requirements.</div></div><div id="TextBlockContainer1658" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:133px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a189701" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">b) Effect on the income statement </div><div id="a189706" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:27.3px;">Effect on the income statement for the<div style="display:inline-block;width:5.03px"> </div>financial year and future<div style="display:inline-block;width:5.04px"> </div>periods </div><div id="a189711" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.9px;">The table<div style="display:inline-block;width:5.93px"> </div>below<div style="display:inline-block;width:5.13px"> </div>provides<div style="display:inline-block;width:5.16px"> </div>information<div style="display:inline-block;width:5.28px"> </div>about<div style="display:inline-block;width:5.18px"> </div>compensation<div style="display:inline-block;width:5.18px"> </div>expenses<div style="display:inline-block;width:5.18px"> </div>related<div style="display:inline-block;width:5.23px"> </div>to total<div style="display:inline-block;width:6.09px"> </div>variable compensation<div style="display:inline-block;width:6.81px"> </div>that were </div><div id="a189715" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:58px;">recognized in the financial year ended 31 December 2022, as well as<div style="display:inline-block;width:2.07px"> </div>expenses that were deferred and will be recognized </div><div id="a189723" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:73.6px;">in the income statement for 2023<div style="display:inline-block;width:5.81px"> </div>and later.<div style="display:inline-block;width:5.2px"> </div>The majority of expenses<div style="display:inline-block;width:5.4px"> </div>deferred to 20<div style="display:inline-block;width:1.48px"> </div>23 and later that are<div style="display:inline-block;width:5.08px"> </div>related to the </div><div id="a189731" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:88.8px;">2022 performance<div style="display:inline-block;width:5.47px"> </div>year pertain to<div style="display:inline-block;width:5.57px"> </div>awards<div style="display:inline-block;width:5.3px"> </div>granted in<div style="display:inline-block;width:5.26px"> </div>February 2023<div style="display:inline-block;width:1.61px"> </div>.<div style="display:inline-block;width:4.36px"> </div>The total unamortized<div style="display:inline-block;width:5.51px"> </div>compensation expense<div style="display:inline-block;width:5.53px"> </div>for </div><div id="a189743" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:103.9px;">unvested<div style="display:inline-block;width:5.03px"> </div>share-based<div style="display:inline-block;width:5.43px"> </div>awards<div style="display:inline-block;width:5.17px"> </div>granted<div style="display:inline-block;width:5.03px"> </div>up<div style="display:inline-block;width:5.13px"> </div>to 31<div style="display:inline-block;width:5.38px"> </div>December 2022<div style="display:inline-block;width:6.5px"> </div>will be<div style="display:inline-block;width:5.77px"> </div>recognized<div style="display:inline-block;width:5.59px"> </div>in future<div style="display:inline-block;width:6.06px"> </div>periods<div style="display:inline-block;width:5.13px"> </div>over<div style="display:inline-block;width:5.05px"> </div>a weighted </div><div id="a189752" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:119.6px;">average period of </div><div id="a189752_18_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:108.538px;top:119.6px;">2.5</div><div id="a189752_21_7" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:127.445px;top:119.6px;"><div style="display:inline-block;width:3.83px"> </div>years.</div></div><div id="TextBlockContainer1662" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:691px;height:364px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1660_XBRL_TS_ba3c76f9068642fdb731dc16871d9b13" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1661" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:691px;height:364px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a189759" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Variable compensation </div><div id="a189767" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:339.195px;top:15.8px;">Expenses recognized in 2022 </div><div id="a189770" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:518.515px;top:15.8px;">Expenses deferred to 2023 and later</div><div id="a189771" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:650.995px;top:16.4px;">1</div><div id="a189773" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:65px;">USD m </div><div id="a189776" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:307.942px;top:30px;">Related to the </div><div id="a189777" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:340.142px;top:41.3px;">2022 </div><div id="a189778" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:313.622px;top:53.2px;">performance </div><div id="a189779" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:344.395px;top:65px;">year </div><div id="a189781" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:366.622px;top:41.3px;">Related to prior </div><div id="a189782" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:377.502px;top:53.2px;">performance </div><div id="a189783" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:404.488px;top:65px;">years </div><div id="a189785" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.515px;top:65px;">Total </div><div id="a189788" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:501.968px;top:30px;">Related to the </div><div id="a189789" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:534.128px;top:41.3px;">2022 </div><div id="a189790" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:507.635px;top:53.2px;">performance </div><div id="a189791" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:538.382px;top:65px;">year </div><div id="a189793" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:560.635px;top:41.3px;">Related to prior </div><div id="a189794" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:571.515px;top:53.2px;">performance </div><div id="a189795" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:598.475px;top:65px;">years </div><div id="a189797" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:660.008px;top:65px;">Total </div><div id="a189799" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:78.7px;">Non-deferred cash </div><div id="a189804_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:337.768px;top:78.7px;">2,012</div><div id="a189807_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.475px;top:78.7px;display:flex;">(9)</div><div id="a189810_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:461.742px;top:78.7px;">2,003</div><div id="a189814_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:548.808px;top:78.7px;">0</div><div id="a189817_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:612.688px;top:78.7px;">0</div><div id="a189820_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.248px;top:78.7px;">0</div><div id="a189823" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:95.2px;">Deferred compensation awards </div><div id="a189826_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.862px;top:95.2px;">346</div><div id="a189829_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.742px;top:95.2px;">561</div><div id="a189832_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.835px;top:95.2px;">907</div><div id="a189836_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:538.848px;top:95.2px;">582</div><div id="a189839_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:602.755px;top:95.2px;">730</div><div id="a189842_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.222px;top:95.2px;">1,312</div><div id="a189845" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:111.4px;">of which: Equity Ownership Plan </div><div id="a189848_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.862px;top:111.4px;">191</div><div id="a189851_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:408.742px;top:111.4px;">225</div><div id="a189854_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:468.835px;top:111.4px;">416</div><div id="a189858_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:538.848px;top:111.4px;">294</div><div id="a189861_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:602.755px;top:111.4px;">240</div><div id="a189864_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:111.4px;">534</div><div id="a189867" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:127.9px;">of which: Deferred Contingent Capital Plan </div><div id="a189870_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.862px;top:127.9px;">123</div><div id="a189873_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:408.742px;top:127.9px;">211</div><div id="a189876_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:468.835px;top:127.9px;">334</div><div id="a189880_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:538.848px;top:127.9px;">238</div><div id="a189883_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:602.755px;top:127.9px;">395</div><div id="a189886_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:127.9px;">634</div><div id="a189889" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:144.5px;">of which: Long-Term Incentive<div style="display:inline-block;width:3.85px"> </div>Plan </div><div id="a189894_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:350.062px;top:144.5px;">11</div><div id="a189897_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:413.942px;top:144.5px;">30</div><div id="a189900_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:474.035px;top:144.5px;">41</div><div id="a189904_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:544.048px;top:144.5px;">30</div><div id="a189907_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.955px;top:144.5px;">40</div><div id="a189910_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.528px;top:144.5px;">70</div><div id="a189913" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:160.5px;">of which: Fund Ownership Plan </div><div id="a189916_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:350.062px;top:160.5px;">21</div><div id="a189919_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:413.942px;top:160.5px;">95</div><div id="a189922_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:468.835px;top:160.5px;">116</div><div id="a189926_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:544.048px;top:160.5px;">20</div><div id="a189929_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.955px;top:160.5px;">54</div><div id="a189932_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.528px;top:160.5px;">74</div><div id="a189935" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:176.2px;">Variable compensation –<div style="display:inline-block;width:3.91px"> </div>performance awards </div><div id="a189941_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.768px;top:176.2px;">2,358</div><div id="a189944_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:408.742px;top:176.2px;">552</div><div id="a189947_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:461.742px;top:176.2px;">2,910</div><div id="a189951_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:538.848px;top:176.2px;">582</div><div id="a189954_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:602.755px;top:176.2px;">730</div><div id="a189957_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.222px;top:176.2px;">1,312</div><div id="a189960" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:192.7px;">Variable compensation –<div style="display:inline-block;width:3.91px"> </div>financial advisors</div><div id="a189965" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:159.355px;top:193.4px;">2</div><div id="a189968_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.768px;top:192.7px;">3,799</div><div id="a189971_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:408.742px;top:192.7px;">709</div><div id="a189974_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:461.742px;top:192.7px;">4,508</div><div id="a189978_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:531.755px;top:192.7px;">1,290</div><div id="a189981_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.635px;top:192.7px;">2,652</div><div id="a189984_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.222px;top:192.7px;">3,942</div><div id="a189987" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:208.8px;">of which: non-deferred cash </div><div id="a189992_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.768px;top:208.8px;">3,481</div><div id="a189995_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:418.675px;top:208.8px;">0</div><div id="a189998_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:461.742px;top:208.8px;">3,481</div><div id="a190002_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:548.808px;top:208.8px;">0</div><div id="a190005_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:612.688px;top:208.8px;">0</div><div id="a190008_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.248px;top:208.8px;">0</div><div id="a190011" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:225.4px;">of which: deferred share-based awards </div><div id="a190016_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.862px;top:225.4px;">104</div><div id="a190019_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:413.942px;top:225.4px;">62</div><div id="a190022_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:468.835px;top:225.4px;">166</div><div id="a190026_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:538.848px;top:225.4px;">122</div><div id="a190029_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:602.755px;top:225.4px;">180</div><div id="a190032_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:225.4px;">302</div><div id="a190035" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:241.4px;">of which: deferred cash-based awards </div><div id="a190040_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.862px;top:241.4px;">185</div><div id="a190043_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:408.742px;top:241.4px;">215</div><div id="a190046_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:468.835px;top:241.4px;">400</div><div id="a190050_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:538.848px;top:241.4px;">588</div><div id="a190053_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:602.755px;top:241.4px;">636</div><div id="a190056_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.222px;top:241.4px;">1,224</div><div id="a190059" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:258px;">of which: compensation commitments with recruited<div style="display:inline-block;width:3.78px"> </div>financial advisors </div><div id="a190062_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:350.062px;top:258px;">29</div><div id="a190065_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:408.742px;top:258px;">432</div><div id="a190068_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:468.835px;top:258px;">461</div><div id="a190072_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:538.848px;top:258px;">580</div><div id="a190075_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:595.635px;top:258px;">1,836</div><div id="a190078_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.222px;top:258px;">2,416</div><div id="a190081" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:273.6px;">Variable compensation –<div style="display:inline-block;width:3.91px"> </div>other</div><div id="a190085" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:116.288px;top:274.3px;">3</div><div id="a190088_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:344.862px;top:273.6px;">146</div><div id="a190091_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:413.942px;top:273.6px;">72</div><div id="a190094_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:468.835px;top:273.6px;">217</div><div id="a190098_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:538.848px;top:273.6px;">230</div><div id="a190101_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:602.755px;top:273.6px;">189</div><div id="a190104_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:663.315px;top:273.6px;">419</div><div id="a190107" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:290.2px;">Total variable compensation </div><div id="a190110_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.768px;top:290.2px;">6,304</div><div id="a190113_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:401.648px;top:290.2px;">1,332</div><div id="a190116_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:458.902px;top:290.2px;">7,636</div><div id="a190118" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:480.648px;top:290.8px;">4 </div><div id="a190121_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:531.755px;top:290.2px;">2,101</div><div id="a190124_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.635px;top:290.2px;">3,571</div><div id="a190127_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.222px;top:290.2px;">5,672</div><div id="a190130" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:305.2px;">1 Estimate as<div style="display:inline-block;width:3.96px"> </div>of 31 December<div style="display:inline-block;width:3.65px"> </div>2022. Actual<div style="display:inline-block;width:3.84px"> </div>amounts to<div style="display:inline-block;width:3.61px"> </div>be expensed<div style="display:inline-block;width:3.47px"> </div>in future<div style="display:inline-block;width:3.63px"> </div>periods may vary;<div style="display:inline-block;width:4.25px"> </div>e.g., due<div style="display:inline-block;width:3.8px"> </div>to forfeiture<div style="display:inline-block;width:3.46px"> </div>of award<div style="display:inline-block;width:1.68px"> </div>s.<div style="display:inline-block;width:9.93px"> </div>2 Financial<div style="display:inline-block;width:3.49px"> </div>advisor compensation<div style="display:inline-block;width:4.07px"> </div>consists of cash<div style="display:inline-block;width:4.25px"> </div>and deferred compensation </div><div id="a190134" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:315.6px;">awards and is based on compensable revenues and firm tenure using a formulaic approach. It also includes expenses related to compensation commitments with financial advisors entered into at the time of recruitment </div><div id="a190137" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:325.5px;">that are subject to vesting requirements.<div style="display:inline-block;width:10.73px"> </div>3 Consists of replacement<div style="display:inline-block;width:3.79px"> </div>payments, forfeiture<div style="display:inline-block;width:3.48px"> </div>credits, severance<div style="display:inline-block;width:3.94px"> </div>payments, retention<div style="display:inline-block;width:3.73px"> </div>plan payments and interest<div style="display:inline-block;width:3.64px"> </div>expense related to the<div style="display:inline-block;width:3.48px"> </div>Deferred Contingent Capital<div style="display:inline-block;width:3.95px"> </div>Plan.<div style="display:inline-block;width:6.79px"> </div></div><div id="a190139" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:336px;">4 Includes USD </div><div id="a190139_15_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:52.861px;top:336px;">680</div><div id="a190139_18_75" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:65.629px;top:336px;">m in expenses related to<div style="display:inline-block;width:3.47px"> </div>share-based compensation<div style="display:inline-block;width:3.41px"> </div>(performance awards:<div style="display:inline-block;width:3.64px"> </div>USD </div><div id="a190139_93_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:317.308px;top:336px;">457</div><div id="a190139_96_36" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:330.077px;top:336px;">m; other variable compensation:<div style="display:inline-block;width:3.92px"> </div>USD </div><div id="a190139_132_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:449.248px;top:336px;">56</div><div id="a190139_134_39" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:457.76px;top:336px;">m; financial advisor compensation:<div style="display:inline-block;width:3.77px"> </div>USD </div><div id="a190139_173_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:584.498px;top:336px;">166</div><div id="a190139_176_18" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:597.52px;top:336px;">m). A further USD </div><div id="a190139_194_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:655.215px;top:336px;">80</div><div id="a190139_196_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:663.727px;top:336px;">m in </div><div id="a190143" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:345.9px;">expenses related<div style="display:inline-block;width:3.79px"> </div>to share-based<div style="display:inline-block;width:3.85px"> </div>compensation<div style="display:inline-block;width:3.61px"> </div>was recognized<div style="display:inline-block;width:4.01px"> </div>within<div style="display:inline-block;width:3.46px"> </div>other expense<div style="display:inline-block;width:3.47px"> </div>categories<div style="display:inline-block;width:3.46px"> </div>included in<div style="display:inline-block;width:3.63px"> </div>Note 6<div style="display:inline-block;width:3.48px"> </div>(salaries:<div style="display:inline-block;width:3.48px"> </div>USD </div><div id="a190143_126_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:419.96px;top:345.9px;">4</div><div id="a190143_127_58" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:424.689px;top:345.9px;">m, related to<div style="display:inline-block;width:3.78px"> </div>role-based<div style="display:inline-block;width:3.63px"> </div>allowances; social<div style="display:inline-block;width:4.09px"> </div>security:<div style="display:inline-block;width:3.47px"> </div>USD </div><div id="a190143_185_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:608.341px;top:345.9px;">57</div><div id="a190143_187_19" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:616.853px;top:345.9px;">m; other<div style="display:inline-block;width:3.62px"> </div>personnel </div><div id="a190149" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:355.8px;">expenses: USD </div><div id="a190149_14_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:51.442px;top:355.8px;">19</div><div id="a190149_16_35" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:59.954px;top:355.8px;">m related to the Equity<div style="display:inline-block;width:3.64px"> </div>Plus Plan).</div></div></div></div><div id="TextBlockContainer1666" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:354px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1664_XBRL_TS_489937276f7b42608dccb46126dbee2c" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1665" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:354px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a190190" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Variable compensation<div style="display:inline-block;width:4.63px"> </div>(continued) </div><div id="a190194" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:340.142px;top:15.8px;">Expenses recognized in 2021 </div><div id="a190197" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:15.8px;">Expenses deferred to 2022 and later</div><div id="a190198" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:650.995px;top:16.4px;">1</div><div id="a190200" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:64.5px;">USD m </div><div id="a190203" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:308.888px;top:29.5px;">Related to the </div><div id="a190204" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:341.555px;top:41.3px;">2021 </div><div id="a190205" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.035px;top:53.2px;">performance </div><div id="a190206" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.342px;top:64.5px;">year </div><div id="a190208" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:367.568px;top:41.3px;">Related to prior </div><div id="a190209" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:378.915px;top:53.2px;">performance </div><div id="a190210" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.435px;top:64.5px;">years </div><div id="a190212" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:466.462px;top:64.5px;">Total </div><div id="a190215" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:29.5px;">Related to the </div><div id="a190216" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.542px;top:41.3px;">2021 </div><div id="a190217" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.062px;top:53.2px;">performance </div><div id="a190218" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.328px;top:64.5px;">year </div><div id="a190220" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:41.3px;">Related to prior </div><div id="a190221" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.928px;top:53.2px;">performance </div><div id="a190222" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:599.448px;top:64.5px;">years </div><div id="a190224" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.955px;top:64.5px;">Total </div><div id="a190226" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:78.2px;">Non-deferred cash </div><div id="a190231_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.715px;top:78.2px;">2,136</div><div id="a190234_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:414.408px;top:78.2px;display:flex;">(8)</div><div id="a190237_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.688px;top:78.2px;">2,128</div><div id="a190241_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:78.2px;">0</div><div id="a190244_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.635px;top:78.2px;">0</div><div id="a190247_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.195px;top:78.2px;">0</div><div id="a190250" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:93.4px;">Deferred compensation awards </div><div id="a190253_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.808px;top:93.4px;">389</div><div id="a190256_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:409.688px;top:93.4px;">399</div><div id="a190259_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:469.782px;top:93.4px;">788</div><div id="a190263_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:93.4px;">767</div><div id="a190266_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:603.702px;top:93.4px;">606</div><div id="a190269_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:93.4px;">1,373</div><div id="a190272" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:109px;">of which: Equity Ownership Plan </div><div id="a190275_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:345.808px;top:109px;">175</div><div id="a190278_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:109px;">174</div><div id="a190281_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:109px;">350</div><div id="a190285_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:109px;">374</div><div id="a190288_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.702px;top:109px;">180</div><div id="a190291_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:109px;">553</div><div id="a190294" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:124.1px;">of which: Deferred Contingent Capital Plan </div><div id="a190297_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:345.808px;top:124.1px;">134</div><div id="a190300_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:124.1px;">151</div><div id="a190303_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:124.1px;">285</div><div id="a190307_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:124.1px;">290</div><div id="a190310_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.702px;top:124.1px;">318</div><div id="a190313_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:124.1px;">608</div><div id="a190316" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:139.7px;">of which: Long-Term Incentive<div style="display:inline-block;width:3.85px"> </div>Plan </div><div id="a190321_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:351.008px;top:139.7px;">51</div><div id="a190324_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:414.888px;top:139.7px;">17</div><div id="a190327_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:474.982px;top:139.7px;">69</div><div id="a190331_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:544.995px;top:139.7px;">48</div><div id="a190334_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.902px;top:139.7px;">32</div><div id="a190337_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.475px;top:139.7px;">79</div><div id="a190340" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:154.9px;">of which: Fund Ownership Plan </div><div id="a190343_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:351.008px;top:154.9px;">29</div><div id="a190346_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:414.888px;top:154.9px;">55</div><div id="a190349_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:474.982px;top:154.9px;">84</div><div id="a190353_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:544.995px;top:154.9px;">56</div><div id="a190356_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.902px;top:154.9px;">77</div><div id="a190359_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:154.9px;">133</div><div id="a190362" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:170px;">Variable compensation –<div style="display:inline-block;width:3.91px"> </div>performance awards </div><div id="a190368_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.715px;top:170px;">2,525</div><div id="a190371_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:409.688px;top:170px;">391</div><div id="a190374_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.688px;top:170px;">2,916</div><div id="a190378_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:170px;">767</div><div id="a190381_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:603.702px;top:170px;">606</div><div id="a190384_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:170px;">1,373</div><div id="a190387" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:186.1px;">Variable compensation –<div style="display:inline-block;width:3.91px"> </div>financial advisors</div><div id="a190391" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:159.355px;top:186.7px;">2</div><div id="a190394_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.715px;top:186.1px;">4,175</div><div id="a190397_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:409.688px;top:186.1px;">685</div><div id="a190400_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.688px;top:186.1px;">4,860</div><div id="a190404_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.702px;top:186.1px;">1,097</div><div id="a190407_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.582px;top:186.1px;">2,323</div><div id="a190410_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:186.1px;">3,419</div><div id="a190413" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:201.2px;">of which: non-deferred cash </div><div id="a190418_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:338.715px;top:201.2px;">3,858</div><div id="a190421_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:414.408px;top:201.2px;display:flex;">(6)</div><div id="a190424_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:462.688px;top:201.2px;">3,853</div><div id="a190428_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:549.755px;top:201.2px;">0</div><div id="a190431_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.635px;top:201.2px;">0</div><div id="a190434_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:674.195px;top:201.2px;">0</div><div id="a190437" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:216.8px;">of which: deferred share-based awards </div><div id="a190442_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:345.808px;top:216.8px;">106</div><div id="a190445_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:414.888px;top:216.8px;">51</div><div id="a190448_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:216.8px;">157</div><div id="a190452_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:216.8px;">123</div><div id="a190455_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.702px;top:216.8px;">146</div><div id="a190458_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:216.8px;">269</div><div id="a190461" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:232px;">of which: deferred cash-based awards </div><div id="a190466_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:345.808px;top:232px;">170</div><div id="a190469_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:232px;">202</div><div id="a190472_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:232px;">372</div><div id="a190476_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:232px;">311</div><div id="a190479_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.702px;top:232px;">495</div><div id="a190482_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:232px;">806</div><div id="a190485" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:247.6px;">of which: compensation commitments with recruited<div style="display:inline-block;width:3.78px"> </div>financial advisors </div><div id="a190488_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:351.008px;top:247.6px;">41</div><div id="a190491_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:247.6px;">438</div><div id="a190494_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:247.6px;">479</div><div id="a190498_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:247.6px;">662</div><div id="a190501_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.582px;top:247.6px;">1,682</div><div id="a190504_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:657.168px;top:247.6px;">2,344</div><div id="a190507" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:263.7px;">Variable compensation –<div style="display:inline-block;width:3.91px"> </div>other</div><div id="a190511" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:116.288px;top:264.3px;">3</div><div id="a190514_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.808px;top:263.7px;">163</div><div id="a190517_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:414.888px;top:263.7px;">33</div><div id="a190520_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:469.782px;top:263.7px;">196</div><div id="a190524_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:263.7px;">210</div><div id="a190527_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:603.702px;top:263.7px;">178</div><div id="a190530_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:263.7px;">388</div><div id="a190533" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:279.8px;">Total variable compensation </div><div id="a190537_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.715px;top:279.8px;">6,863</div><div id="a190540_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:402.595px;top:279.8px;">1,109</div><div id="a190543_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.848px;top:279.8px;">7,973</div><div id="a190545" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:481.595px;top:280.4px;">4 </div><div id="a190548_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.702px;top:279.8px;">2,074</div><div id="a190551_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.582px;top:279.8px;">3,107</div><div id="a190554_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:279.8px;">5,181</div><div id="a190557" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:295.3px;">1 Estimate as<div style="display:inline-block;width:3.49px"> </div>of 31 December<div style="display:inline-block;width:3.65px"> </div>2021. Actual amounts<div style="display:inline-block;width:4.31px"> </div>expensed may<div style="display:inline-block;width:3.47px"> </div>vary; e.g.,<div style="display:inline-block;width:4.11px"> </div>due to forfeiture<div style="display:inline-block;width:3.63px"> </div>of awards.<div style="display:inline-block;width:11.12px"> </div>2 Financial<div style="display:inline-block;width:3.49px"> </div>advisor compensation<div style="display:inline-block;width:3.59px"> </div>consists of<div style="display:inline-block;width:3.61px"> </div>cash and deferred<div style="display:inline-block;width:3.81px"> </div>compensation awards<div style="display:inline-block;width:3.93px"> </div>and is based<div style="display:inline-block;width:3.8px"> </div>on </div><div id="a190560" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:305.2px;">compensable revenues and<div style="display:inline-block;width:3.78px"> </div>firm tenure using<div style="display:inline-block;width:3.63px"> </div>a formulaic approach.<div style="display:inline-block;width:3.95px"> </div>It also includes expenses<div style="display:inline-block;width:4.42px"> </div>related to compensation<div style="display:inline-block;width:3.93px"> </div>commitments<div style="display:inline-block;width:3.06px"> </div>with financial advisors<div style="display:inline-block;width:4.09px"> </div>entered into at<div style="display:inline-block;width:3.54px"> </div>the time of recruitment<div style="display:inline-block;width:4.09px"> </div>that are subject<div style="display:inline-block;width:3.49px"> </div>to </div><div id="a190563" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:315.6px;">vesting requirements.<div style="display:inline-block;width:12.91px"> </div>3 Consists<div style="display:inline-block;width:4.26px"> </div>of replacement<div style="display:inline-block;width:4.41px"> </div>payments, forfeiture<div style="display:inline-block;width:4.42px"> </div>credits,<div style="display:inline-block;width:3.63px"> </div>severance<div style="display:inline-block;width:3.78px"> </div>payments, retention<div style="display:inline-block;width:4.89px"> </div>plan payments<div style="display:inline-block;width:4.37px"> </div>and interest<div style="display:inline-block;width:3.95px"> </div>expense related<div style="display:inline-block;width:4.42px"> </div>to the<div style="display:inline-block;width:3.94px"> </div>Deferred Contingent<div style="display:inline-block;width:4.73px"> </div>Capital Plan.<div style="display:inline-block;width:12.28px"> </div>4 Includes </div><div id="a190566" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:325.5px;">USD </div><div id="a190566_4_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.812px;top:325.5px;">631</div><div id="a190566_7_75" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:31.581px;top:325.5px;">m in expenses related<div style="display:inline-block;width:3.79px"> </div>to share-based<div style="display:inline-block;width:3.41px"> </div>compensation (performance<div style="display:inline-block;width:4.09px"> </div>awards: USD </div><div id="a190566_82_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:284.675px;top:325.5px;">419</div><div id="a190566_85_36" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:297.443px;top:325.5px;">m; other variable<div style="display:inline-block;width:3.46px"> </div>compensation:<div style="display:inline-block;width:3.45px"> </div>USD </div><div id="a190566_121_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:417.56px;top:325.5px;">56</div><div id="a190566_123_39" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:426.072px;top:325.5px;">m; financial advisor compensation:<div style="display:inline-block;width:4.72px"> </div>USD </div><div id="a190566_162_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:553.283px;top:325.5px;">157</div><div id="a190566_165_18" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:566.307px;top:325.5px;">m). A further USD </div><div id="a190566_183_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:624.947px;top:325.5px;">77</div><div id="a190566_185_14" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:633.459px;top:325.5px;">m in expenses </div><div id="a190572" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:335.9px;">related to share-based<div style="display:inline-block;width:4.46px"> </div>compensation<div style="display:inline-block;width:3.61px"> </div>was recognized<div style="display:inline-block;width:4.48px"> </div>within other<div style="display:inline-block;width:3.62px"> </div>expense categories<div style="display:inline-block;width:4.26px"> </div>included in<div style="display:inline-block;width:4.1px"> </div>Note 6<div style="display:inline-block;width:3.48px"> </div>(salaries:<div style="display:inline-block;width:3.48px"> </div>USD </div><div id="a190572_117_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:389.666px;top:335.9px;">5</div><div id="a190572_118_57" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:393.922px;top:335.9px;">m related to<div style="display:inline-block;width:4.41px"> </div>role-based allowances;<div style="display:inline-block;width:4.76px"> </div>social security:<div style="display:inline-block;width:3.94px"> </div>USD </div><div id="a190572_175_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:576.181px;top:335.9px;">59</div><div id="a190572_177_29" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:584.693px;top:335.9px;">m; other<div style="display:inline-block;width:3.62px"> </div>personnel expenses: </div><div id="a190578" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:345.9px;">USD </div><div id="a190578_4_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.812px;top:345.9px;">13</div><div id="a190578_6_35" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:27.324px;top:345.9px;">m related to the Equity Plus<div style="display:inline-block;width:3.64px"> </div>Plan).</div></div></div></div><div id="TextBlockContainer1670" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:363px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1668_XBRL_TS_38512eb6c2844bf89e2f6246d6e15796" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1669" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:363px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a190583" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Variable compensation<div style="display:inline-block;width:4.63px"> </div>(continued) </div><div id="a190591" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:340.142px;top:15.3px;">Expenses recognized in 2020 </div><div id="a190594" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:15.3px;">Expenses deferred to 2021 and later</div><div id="a190595" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:650.995px;top:15.9px;">1</div><div id="a190597" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:63.6px;">USD m </div><div id="a190600" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:308.888px;top:28.5px;">Related to the </div><div id="a190601" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:341.555px;top:40.4px;">2020 </div><div id="a190602" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.035px;top:52.2px;">performance </div><div id="a190603" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.342px;top:63.6px;">year </div><div id="a190605" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:367.568px;top:40.4px;">Related to prior </div><div id="a190606" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:378.915px;top:52.2px;">performance </div><div id="a190607" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.435px;top:63.6px;">years </div><div id="a190609" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:466.462px;top:63.6px;">Total </div><div id="a190612" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:28.5px;">Related to the </div><div id="a190613" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.542px;top:40.4px;">2020 </div><div id="a190614" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.062px;top:52.2px;">performance </div><div id="a190615" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.328px;top:63.6px;">year </div><div id="a190617" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:40.4px;">Related to prior </div><div id="a190618" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.928px;top:52.2px;">performance </div><div id="a190619" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:599.448px;top:63.6px;">years </div><div id="a190621" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.955px;top:63.6px;">Total </div><div id="a190623" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:77.7px;">Non-deferred cash </div><div id="a190628_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.715px;top:77.7px;">1,948</div><div id="a190631_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:409.688px;top:77.7px;display:flex;">(29)</div><div id="a190634_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.688px;top:77.7px;">1,920</div><div id="a190638_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:77.7px;">0</div><div id="a190641_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.635px;top:77.7px;">0</div><div id="a190644_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.195px;top:77.7px;">0</div><div id="a190647" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:93.8px;">Deferred compensation awards </div><div id="a190650_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.808px;top:93.8px;">329</div><div id="a190653_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:409.688px;top:93.8px;">704</div><div id="a190656_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.688px;top:93.8px;">1,034</div><div id="a190660_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:93.8px;">734</div><div id="a190663_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:603.702px;top:93.8px;">277</div><div id="a190666_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:93.8px;">1,011</div><div id="a190669" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:110.4px;">of which: Equity Ownership Plan </div><div id="a190672_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:345.808px;top:110.4px;">131</div><div id="a190675_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:110.4px;">315</div><div id="a190678_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:110.4px;">446</div><div id="a190682_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:110.4px;">298</div><div id="a190685_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.902px;top:110.4px;">67</div><div id="a190688_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:110.4px;">365</div><div id="a190691" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:127px;">of which: Deferred Contingent Capital Plan </div><div id="a190694_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:345.808px;top:127px;">108</div><div id="a190697_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:127px;">339</div><div id="a190700_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:127px;">448</div><div id="a190704_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:127px;">271</div><div id="a190707_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.702px;top:127px;">189</div><div id="a190710_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:127px;">459</div><div id="a190713" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:143px;">of which: Long-Term Incentive<div style="display:inline-block;width:3.85px"> </div>Plan </div><div id="a190718_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:351.008px;top:143px;">41</div><div id="a190721_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:414.888px;top:143px;">11</div><div id="a190724_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:474.982px;top:143px;">52</div><div id="a190728_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:544.995px;top:143px;">46</div><div id="a190731_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.635px;top:143px;">9</div><div id="a190734_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.475px;top:143px;">55</div><div id="a190737" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:159.6px;">of which: Fund Ownership Plan </div><div id="a190740_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:351.008px;top:159.6px;">49</div><div id="a190743_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:414.888px;top:159.6px;">39</div><div id="a190746_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:474.982px;top:159.6px;">88</div><div id="a190750_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:159.6px;">120</div><div id="a190753_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.902px;top:159.6px;">12</div><div id="a190756_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:159.6px;">132</div><div id="a190759" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:175.2px;">Variable compensation –<div style="display:inline-block;width:3.91px"> </div>performance awards </div><div id="a190765_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.715px;top:175.2px;">2,278</div><div id="a190768_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:409.688px;top:175.2px;">675</div><div id="a190771_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.688px;top:175.2px;">2,953</div><div id="a190775_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:175.2px;">734</div><div id="a190778_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:603.702px;top:175.2px;">277</div><div id="a190781_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:175.2px;">1,011</div><div id="a190784" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:191.3px;">Variable compensation –<div style="display:inline-block;width:3.91px"> </div>financial advisors</div><div id="a190789" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:159.355px;top:191.9px;">2</div><div id="a190792_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.715px;top:191.3px;">3,378</div><div id="a190795_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:409.688px;top:191.3px;">713</div><div id="a190798_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.688px;top:191.3px;">4,091</div><div id="a190802_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:191.3px;">822</div><div id="a190805_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.582px;top:191.3px;">2,284</div><div id="a190808_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:191.3px;">3,106</div><div id="a190811" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:207.9px;">of which: non-deferred cash </div><div id="a190816_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:338.715px;top:207.9px;">3,154</div><div id="a190819_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:419.622px;top:207.9px;">0</div><div id="a190822_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:462.688px;top:207.9px;">3,154</div><div id="a190826_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:549.755px;top:207.9px;">0</div><div id="a190829_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.635px;top:207.9px;">0</div><div id="a190832_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:674.195px;top:207.9px;">0</div><div id="a190835" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:223.9px;">of which: deferred share-based awards </div><div id="a190840_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:351.008px;top:223.9px;">69</div><div id="a190843_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:414.888px;top:223.9px;">50</div><div id="a190846_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:223.9px;">119</div><div id="a190850_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:544.995px;top:223.9px;">79</div><div id="a190853_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.702px;top:223.9px;">135</div><div id="a190856_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:223.9px;">214</div><div id="a190859" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:240.5px;">of which: deferred cash-based awards </div><div id="a190864_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:345.808px;top:240.5px;">133</div><div id="a190867_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:240.5px;">183</div><div id="a190870_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:240.5px;">316</div><div id="a190874_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:240.5px;">271</div><div id="a190877_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.702px;top:240.5px;">467</div><div id="a190880_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:240.5px;">738</div><div id="a190883" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:256.6px;">of which: compensation commitments with recruited<div style="display:inline-block;width:3.78px"> </div>financial advisors </div><div id="a190886_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:351.008px;top:256.6px;">22</div><div id="a190889_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:409.688px;top:256.6px;">480</div><div id="a190892_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:469.782px;top:256.6px;">502</div><div id="a190896_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:256.6px;">473</div><div id="a190899_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.582px;top:256.6px;">1,682</div><div id="a190902_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:256.6px;">2,155</div><div id="a190905" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:272.7px;">Variable compensation –<div style="display:inline-block;width:3.91px"> </div>other</div><div id="a190909" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:116.288px;top:273.3px;">3</div><div id="a190912_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.808px;top:272.7px;">109</div><div id="a190915_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:414.888px;top:272.7px;">92</div><div id="a190918_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:469.782px;top:272.7px;">201</div><div id="a190922_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:272.7px;">176</div><div id="a190925_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:603.702px;top:272.7px;">189</div><div id="a190928_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:272.7px;">364</div><div id="a190931" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:288.8px;">Total variable compensation </div><div id="a190934_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.715px;top:288.8px;">5,765</div><div id="a190937_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:402.595px;top:288.8px;">1,481</div><div id="a190940_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.848px;top:288.8px;">7,246</div><div id="a190942" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:481.595px;top:289.4px;">4 </div><div id="a190945_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.702px;top:288.8px;">1,732</div><div id="a190948_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.582px;top:288.8px;">2,749</div><div id="a190951_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:288.8px;">4,481</div><div id="a190954" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:304.3px;">1 Estimate as<div style="display:inline-block;width:3.49px"> </div>of 31 December<div style="display:inline-block;width:3.65px"> </div>2020. Actual amounts<div style="display:inline-block;width:4.31px"> </div>expensed may<div style="display:inline-block;width:3.47px"> </div>vary; e.g.,<div style="display:inline-block;width:4.11px"> </div>due to forfeiture<div style="display:inline-block;width:3.63px"> </div>of awards.<div style="display:inline-block;width:11.12px"> </div>2 Financial<div style="display:inline-block;width:3.49px"> </div>advisor compensation<div style="display:inline-block;width:3.59px"> </div>consists of<div style="display:inline-block;width:3.61px"> </div>cash and deferred<div style="display:inline-block;width:3.81px"> </div>compensation awards<div style="display:inline-block;width:3.93px"> </div>and is based<div style="display:inline-block;width:3.8px"> </div>on </div><div id="a190957" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:314.2px;">compensable revenues and<div style="display:inline-block;width:3.78px"> </div>firm tenure using<div style="display:inline-block;width:3.63px"> </div>a formulaic approach.<div style="display:inline-block;width:3.95px"> </div>It also includes expenses<div style="display:inline-block;width:4.42px"> </div>related to compensation<div style="display:inline-block;width:3.93px"> </div>commitments<div style="display:inline-block;width:3.06px"> </div>with financial advisors<div style="display:inline-block;width:4.09px"> </div>entered into at<div style="display:inline-block;width:3.54px"> </div>the time of recruitment<div style="display:inline-block;width:4.09px"> </div>that are subject<div style="display:inline-block;width:3.49px"> </div>to </div><div id="a190960" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:324.6px;">vesting requirements.<div style="display:inline-block;width:12.91px"> </div>3 Consists<div style="display:inline-block;width:4.26px"> </div>of replacement<div style="display:inline-block;width:4.41px"> </div>payments, forfeiture<div style="display:inline-block;width:4.42px"> </div>credits,<div style="display:inline-block;width:3.63px"> </div>severance<div style="display:inline-block;width:3.78px"> </div>payments, retention<div style="display:inline-block;width:4.89px"> </div>plan payments<div style="display:inline-block;width:4.37px"> </div>and interest<div style="display:inline-block;width:3.95px"> </div>expense related<div style="display:inline-block;width:4.42px"> </div>to the<div style="display:inline-block;width:3.94px"> </div>Deferred Contingent<div style="display:inline-block;width:4.73px"> </div>Capital Plan.<div style="display:inline-block;width:12.28px"> </div>4 Includes </div><div id="a190963" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:334.5px;">USD </div><div id="a190963_4_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.812px;top:334.5px;">666</div><div id="a190963_7_75" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:31.581px;top:334.5px;">m in expenses related<div style="display:inline-block;width:3.79px"> </div>to share-based<div style="display:inline-block;width:3.41px"> </div>compensation (performance<div style="display:inline-block;width:4.09px"> </div>awards: USD </div><div id="a190963_82_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:284.675px;top:334.5px;">498</div><div id="a190963_85_36" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:297.443px;top:334.5px;">m; other variable<div style="display:inline-block;width:3.46px"> </div>compensation:<div style="display:inline-block;width:3.45px"> </div>USD </div><div id="a190963_121_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:417.56px;top:334.5px;">49</div><div id="a190963_123_39" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:426.072px;top:334.5px;">m; financial advisor compensation:<div style="display:inline-block;width:4.72px"> </div>USD </div><div id="a190963_162_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:553.283px;top:334.5px;">119</div><div id="a190963_165_18" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:566.307px;top:334.5px;">m). A further USD </div><div id="a190963_183_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:624.947px;top:334.5px;">88</div><div id="a190963_185_14" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:633.459px;top:334.5px;">m in expenses </div><div id="a190969" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:345px;">related to share-based<div style="display:inline-block;width:4.46px"> </div>compensation<div style="display:inline-block;width:3.61px"> </div>was recognized<div style="display:inline-block;width:4.48px"> </div>within other<div style="display:inline-block;width:3.62px"> </div>expense categories<div style="display:inline-block;width:4.26px"> </div>included in<div style="display:inline-block;width:4.1px"> </div>Note 6<div style="display:inline-block;width:3.48px"> </div>(salaries:<div style="display:inline-block;width:3.48px"> </div>USD </div><div id="a190969_117_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:389.666px;top:345px;">4</div><div id="a190969_118_57" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:393.922px;top:345px;">m related to<div style="display:inline-block;width:4.41px"> </div>role-based allowances;<div style="display:inline-block;width:4.76px"> </div>social security:<div style="display:inline-block;width:3.94px"> </div>USD </div><div id="a190969_175_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:576.181px;top:345px;">51</div><div id="a190969_177_29" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:584.693px;top:345px;">m; other<div style="display:inline-block;width:3.62px"> </div>personnel expenses: </div><div id="a190975" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:354.9px;">USD </div><div id="a190975_4_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.812px;top:354.9px;">34</div><div id="a190975_6_35" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:27.324px;top:354.9px;">m related to the Equity Plus<div style="display:inline-block;width:3.64px"> </div>Plan).</div></div></div></div><div id="TextBlockContainer1672" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:72px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a191019" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">c) Outstanding share-based compensation<div style="display:inline-block;width:5.25px"> </div>awards </div><div id="a191026" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:27.8px;">Share and performance share<div style="display:inline-block;width:5.02px"> </div>awards </div><div id="a191031" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.9px;">Movements in outstanding<div style="display:inline-block;width:6.39px"> </div>share-based awards<div style="display:inline-block;width:6px"> </div>granted by<div style="display:inline-block;width:5.13px"> </div>UBS AG<div style="display:inline-block;width:5.24px"> </div>and its<div style="display:inline-block;width:5.03px"> </div>subsidiaries<div style="display:inline-block;width:5.02px"> </div>to employees<div style="display:inline-block;width:5.35px"> </div>during 2022<div style="display:inline-block;width:6.19px"> </div>and </div><div id="a191036" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:58.5px;">2021 are provided<div style="display:inline-block;width:5.47px"> </div>in the table below.</div></div><div id="TextBlockContainer1675" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:154px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a191040" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Movements in outstanding<div style="display:inline-block;width:4.18px"> </div>share-based compensation awards </div><div id="a191044" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:31.4px;"><div style="display:inline-block;width:2.37px"> </div></div><div id="a191046" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:368.982px;top:37.1px;">Number of shares </div><div id="a191048" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:413.942px;top:48.9px;">2022 </div><div id="a191050" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:13.9px;">Weighted<div style="display:inline-block;width:2.82px"> </div></div><div id="a191052" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:472.608px;top:25.7px;">average grant<div style="display:inline-block;width:3.37px"> </div></div><div id="a191054" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:492.955px;top:37.1px;">date fair<div style="display:inline-block;width:2.51px"> </div></div><div id="a191056" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:480.648px;top:48.9px;">value (USD) </div><div id="a191058" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:534.128px;top:37.1px;">Number of shares </div><div id="a191060" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:579.075px;top:48.9px;">2021 </div><div id="a191062" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:643.422px;top:13.9px;">Weighted<div style="display:inline-block;width:2.82px"> </div></div><div id="a191064" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.288px;top:25.7px;">average grant<div style="display:inline-block;width:3.37px"> </div></div><div id="a191066" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:648.635px;top:37.1px;">date fair<div style="display:inline-block;width:2.53px"> </div></div><div id="a191068" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.862px;top:48.9px;">value (USD) </div><div id="a191070" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:63.1px;">Outstanding, at the beginning of the<div style="display:inline-block;width:3.8px"> </div>year </div><div id="a191072_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:402.115px;top:63.1px;">295,921</div><div id="a191075_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:63.1px;">15</div><div id="a191078_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.982px;top:63.1px;">54,557</div><div id="a191081_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:63.1px;">13</div><div id="a191084" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:79.2px;">Awarded during the year </div><div id="a191086_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:402.115px;top:79.2px;">358,424</div><div id="a191089_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:79.2px;">19</div><div id="a191092_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:567.262px;top:79.2px;">278,756</div><div id="a191095_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:79.2px;">15</div><div id="a191098" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:95.7px;">Distributed during the year </div><div id="a191100_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:402.115px;top:95.7px;display:flex;">(37,994)</div><div id="a191103_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:95.7px;">14</div><div id="a191106_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:95.7px;display:flex;">(24,176)</div><div id="a191109_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:95.7px;">13</div><div id="a191112" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:111.8px;">Forfeited during the<div style="display:inline-block;width:3.78px"> </div>year </div><div id="a191114_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:406.848px;top:111.8px;display:flex;">(1,923)</div><div id="a191117_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:111.8px;">15</div><div id="a191120_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:111.8px;display:flex;">(13,215)</div><div id="a191123_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:111.8px;">15</div><div id="a191126" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:127.4px;">Outstanding, at the end of the year </div><div id="a191128_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:402.115px;top:127.4px;">614,428</div><div id="a191131_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:127.4px;">17</div><div id="a191134_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:567.262px;top:127.4px;">295,921</div><div id="a191137_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:127.4px;">15</div><div id="a191140" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:144px;">of which: shares vested for accounting purposes </div><div id="a191143_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:402.115px;top:144px;">174,329</div><div id="a191147_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:567.262px;top:144px;">116,775</div></div><div id="TextBlockContainer1678" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:202px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a191153" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">The<div style="display:inline-block;width:6.35px"> </div>total<div style="display:inline-block;width:5.94px"> </div>carrying<div style="display:inline-block;width:6.21px"> </div>amount<div style="display:inline-block;width:6.45px"> </div>of<div style="display:inline-block;width:6.2px"> </div>the<div style="display:inline-block;width:6.2px"> </div>liability<div style="display:inline-block;width:5.95px"> </div>related<div style="display:inline-block;width:6.65px"> </div>to<div style="display:inline-block;width:6.2px"> </div>cash-settled<div style="display:inline-block;width:6.1px"> </div>share-based<div style="display:inline-block;width:6.82px"> </div>awards<div style="display:inline-block;width:7.06px"> </div>as<div style="display:inline-block;width:6.2px"> </div>of<div style="display:inline-block;width:6.2px"> </div>31 December<div style="display:inline-block;width:6.13px"> </div>2022<div style="display:inline-block;width:7.01px"> </div>and </div><div id="a191164" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">31 December 2021<div style="display:inline-block;width:5.12px"> </div>was USD </div><div id="a191164_25_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:172.885px;top:15.6px;">7</div><div id="a191164_26_10" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:180.445px;top:15.6px;">m and USD </div><div id="a191164_36_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:248.605px;top:15.6px;">3</div><div id="a191164_37_17" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:256.178px;top:15.6px;">m, respectively. </div><div id="a191176" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;"> </div><div id="a191177" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:4.905px;top:53.6px;">d) Valuation </div><div id="a191180" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:80.9px;">UBS share awards </div><div id="a191183" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:96px;">UBS measures compensation<div style="display:inline-block;width:5.5px"> </div>expense based on<div style="display:inline-block;width:5.1px"> </div>the average market price of<div style="display:inline-block;width:5.1px"> </div>UBS shares<div style="display:inline-block;width:4.69px"> </div>on the grant date as quoted<div style="display:inline-block;width:5.61px"> </div>on </div><div id="a191190" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:111.7px;">the SIX<div style="display:inline-block;width:5.68px"> </div>Swiss Exchange,<div style="display:inline-block;width:6.18px"> </div>taking into<div style="display:inline-block;width:5.6px"> </div>consideration<div style="display:inline-block;width:5.07px"> </div>post-vesting sale<div style="display:inline-block;width:5.56px"> </div>and hedge<div style="display:inline-block;width:5.84px"> </div>restrictions,<div style="display:inline-block;width:5.02px"> </div>non-vesting<div style="display:inline-block;width:5.34px"> </div>conditions<div style="display:inline-block;width:5.23px"> </div>and </div><div id="a191195" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:126.8px;">market conditions, where<div style="display:inline-block;width:2.16px"> </div>applicable. The fair value<div style="display:inline-block;width:2.09px"> </div>of the share<div style="display:inline-block;width:2.06px"> </div>awards subject to post-vesting sale<div style="display:inline-block;width:2.22px"> </div>and hedge restrictions </div><div id="a191199" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:142.4px;">is discounted<div style="display:inline-block;width:5.38px"> </div>on the basis<div style="display:inline-block;width:5.59px"> </div>of the duration<div style="display:inline-block;width:5.91px"> </div>of the post-vesting<div style="display:inline-block;width:5.36px"> </div>restriction and<div style="display:inline-block;width:5.85px"> </div>is referenced<div style="display:inline-block;width:5.47px"> </div>to the cost<div style="display:inline-block;width:5.4px"> </div>of purchasing<div style="display:inline-block;width:5.72px"> </div>an </div><div id="a191202" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:157.5px;">at-the-money European<div style="display:inline-block;width:5.79px"> </div>put option<div style="display:inline-block;width:5.64px"> </div>for the<div style="display:inline-block;width:5.25px"> </div>term of<div style="display:inline-block;width:5.37px"> </div>the transfer<div style="display:inline-block;width:5.47px"> </div>restriction.<div style="display:inline-block;width:5.2px"> </div>The grant<div style="display:inline-block;width:5.63px"> </div>date fair<div style="display:inline-block;width:5.42px"> </div>value of<div style="display:inline-block;width:5.25px"> </div>notional shares </div><div id="a191211" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:173.1px;">without<div style="display:inline-block;width:5.03px"> </div>dividend<div style="display:inline-block;width:5.13px"> </div>entitlements also<div style="display:inline-block;width:5.56px"> </div>includes a<div style="display:inline-block;width:6.02px"> </div>deduction<div style="display:inline-block;width:5.28px"> </div>for the<div style="display:inline-block;width:5.72px"> </div>present<div style="display:inline-block;width:5.12px"> </div>value of<div style="display:inline-block;width:5.72px"> </div>future expected<div style="display:inline-block;width:5.81px"> </div>dividends<div style="display:inline-block;width:5.18px"> </div>to be<div style="display:inline-block;width:5.56px"> </div>paid </div><div id="a191212" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:188.3px;">between the grant date and<div style="display:inline-block;width:5.15px"> </div>distribution.</div></div> 0.20 2.5 <div id="TextBlockContainer1661" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:691px;height:364px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a189759" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Variable compensation </div><div id="a189767" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:339.195px;top:15.8px;">Expenses recognized in 2022 </div><div id="a189770" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:518.515px;top:15.8px;">Expenses deferred to 2023 and later</div><div id="a189771" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:650.995px;top:16.4px;">1</div><div id="a189773" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:65px;">USD m </div><div id="a189776" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:307.942px;top:30px;">Related to the </div><div id="a189777" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:340.142px;top:41.3px;">2022 </div><div id="a189778" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:313.622px;top:53.2px;">performance </div><div id="a189779" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:344.395px;top:65px;">year </div><div id="a189781" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:366.622px;top:41.3px;">Related to prior </div><div id="a189782" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:377.502px;top:53.2px;">performance </div><div id="a189783" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:404.488px;top:65px;">years </div><div id="a189785" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:465.515px;top:65px;">Total </div><div id="a189788" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:501.968px;top:30px;">Related to the </div><div id="a189789" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:534.128px;top:41.3px;">2022 </div><div id="a189790" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:507.635px;top:53.2px;">performance </div><div id="a189791" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:538.382px;top:65px;">year </div><div id="a189793" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:560.635px;top:41.3px;">Related to prior </div><div id="a189794" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:571.515px;top:53.2px;">performance </div><div id="a189795" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:598.475px;top:65px;">years </div><div id="a189797" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:660.008px;top:65px;">Total </div><div id="a189799" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:78.7px;">Non-deferred cash </div><div id="a189804_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:337.768px;top:78.7px;">2,012</div><div id="a189807_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.475px;top:78.7px;display:flex;">(9)</div><div id="a189810_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:461.742px;top:78.7px;">2,003</div><div id="a189814_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:548.808px;top:78.7px;">0</div><div id="a189817_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:612.688px;top:78.7px;">0</div><div id="a189820_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.248px;top:78.7px;">0</div><div id="a189823" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:95.2px;">Deferred compensation awards </div><div id="a189826_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.862px;top:95.2px;">346</div><div id="a189829_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.742px;top:95.2px;">561</div><div id="a189832_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:468.835px;top:95.2px;">907</div><div id="a189836_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:538.848px;top:95.2px;">582</div><div id="a189839_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:602.755px;top:95.2px;">730</div><div id="a189842_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.222px;top:95.2px;">1,312</div><div id="a189845" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:111.4px;">of which: Equity Ownership Plan </div><div id="a189848_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.862px;top:111.4px;">191</div><div id="a189851_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:408.742px;top:111.4px;">225</div><div id="a189854_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:468.835px;top:111.4px;">416</div><div id="a189858_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:538.848px;top:111.4px;">294</div><div id="a189861_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:602.755px;top:111.4px;">240</div><div id="a189864_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:111.4px;">534</div><div id="a189867" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:127.9px;">of which: Deferred Contingent Capital Plan </div><div id="a189870_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.862px;top:127.9px;">123</div><div id="a189873_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:408.742px;top:127.9px;">211</div><div id="a189876_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:468.835px;top:127.9px;">334</div><div id="a189880_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:538.848px;top:127.9px;">238</div><div id="a189883_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:602.755px;top:127.9px;">395</div><div id="a189886_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:127.9px;">634</div><div id="a189889" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:144.5px;">of which: Long-Term Incentive<div style="display:inline-block;width:3.85px"> </div>Plan </div><div id="a189894_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:350.062px;top:144.5px;">11</div><div id="a189897_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:413.942px;top:144.5px;">30</div><div id="a189900_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:474.035px;top:144.5px;">41</div><div id="a189904_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:544.048px;top:144.5px;">30</div><div id="a189907_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.955px;top:144.5px;">40</div><div id="a189910_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.528px;top:144.5px;">70</div><div id="a189913" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:160.5px;">of which: Fund Ownership Plan </div><div id="a189916_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:350.062px;top:160.5px;">21</div><div id="a189919_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:413.942px;top:160.5px;">95</div><div id="a189922_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:468.835px;top:160.5px;">116</div><div id="a189926_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:544.048px;top:160.5px;">20</div><div id="a189929_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:607.955px;top:160.5px;">54</div><div id="a189932_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.528px;top:160.5px;">74</div><div id="a189935" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:176.2px;">Variable compensation –<div style="display:inline-block;width:3.91px"> </div>performance awards </div><div id="a189941_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.768px;top:176.2px;">2,358</div><div id="a189944_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:408.742px;top:176.2px;">552</div><div id="a189947_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:461.742px;top:176.2px;">2,910</div><div id="a189951_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:538.848px;top:176.2px;">582</div><div id="a189954_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:602.755px;top:176.2px;">730</div><div id="a189957_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.222px;top:176.2px;">1,312</div><div id="a189960" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:192.7px;">Variable compensation –<div style="display:inline-block;width:3.91px"> </div>financial advisors</div><div id="a189965" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:159.355px;top:193.4px;">2</div><div id="a189968_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.768px;top:192.7px;">3,799</div><div id="a189971_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:408.742px;top:192.7px;">709</div><div id="a189974_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:461.742px;top:192.7px;">4,508</div><div id="a189978_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:531.755px;top:192.7px;">1,290</div><div id="a189981_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.635px;top:192.7px;">2,652</div><div id="a189984_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.222px;top:192.7px;">3,942</div><div id="a189987" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:208.8px;">of which: non-deferred cash </div><div id="a189992_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:337.768px;top:208.8px;">3,481</div><div id="a189995_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:418.675px;top:208.8px;">0</div><div id="a189998_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:461.742px;top:208.8px;">3,481</div><div id="a190002_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:548.808px;top:208.8px;">0</div><div id="a190005_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:612.688px;top:208.8px;">0</div><div id="a190008_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:673.248px;top:208.8px;">0</div><div id="a190011" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:225.4px;">of which: deferred share-based awards </div><div id="a190016_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.862px;top:225.4px;">104</div><div id="a190019_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:413.942px;top:225.4px;">62</div><div id="a190022_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:468.835px;top:225.4px;">166</div><div id="a190026_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:538.848px;top:225.4px;">122</div><div id="a190029_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:602.755px;top:225.4px;">180</div><div id="a190032_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:663.315px;top:225.4px;">302</div><div id="a190035" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:241.4px;">of which: deferred cash-based awards </div><div id="a190040_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:344.862px;top:241.4px;">185</div><div id="a190043_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:408.742px;top:241.4px;">215</div><div id="a190046_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:468.835px;top:241.4px;">400</div><div id="a190050_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:538.848px;top:241.4px;">588</div><div id="a190053_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:602.755px;top:241.4px;">636</div><div id="a190056_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.222px;top:241.4px;">1,224</div><div id="a190059" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:258px;">of which: compensation commitments with recruited<div style="display:inline-block;width:3.78px"> </div>financial advisors </div><div id="a190062_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:350.062px;top:258px;">29</div><div id="a190065_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:408.742px;top:258px;">432</div><div id="a190068_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:468.835px;top:258px;">461</div><div id="a190072_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:538.848px;top:258px;">580</div><div id="a190075_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:595.635px;top:258px;">1,836</div><div id="a190078_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:656.222px;top:258px;">2,416</div><div id="a190081" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:273.6px;">Variable compensation –<div style="display:inline-block;width:3.91px"> </div>other</div><div id="a190085" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:116.288px;top:274.3px;">3</div><div id="a190088_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:344.862px;top:273.6px;">146</div><div id="a190091_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:413.942px;top:273.6px;">72</div><div id="a190094_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:468.835px;top:273.6px;">217</div><div id="a190098_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:538.848px;top:273.6px;">230</div><div id="a190101_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:602.755px;top:273.6px;">189</div><div id="a190104_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:663.315px;top:273.6px;">419</div><div id="a190107" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:290.2px;">Total variable compensation </div><div id="a190110_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:337.768px;top:290.2px;">6,304</div><div id="a190113_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:401.648px;top:290.2px;">1,332</div><div id="a190116_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:458.902px;top:290.2px;">7,636</div><div id="a190118" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:480.648px;top:290.8px;">4 </div><div id="a190121_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:531.755px;top:290.2px;">2,101</div><div id="a190124_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.635px;top:290.2px;">3,571</div><div id="a190127_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.222px;top:290.2px;">5,672</div><div id="a190130" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:305.2px;">1 Estimate as<div style="display:inline-block;width:3.96px"> </div>of 31 December<div style="display:inline-block;width:3.65px"> </div>2022. Actual<div style="display:inline-block;width:3.84px"> </div>amounts to<div style="display:inline-block;width:3.61px"> </div>be expensed<div style="display:inline-block;width:3.47px"> </div>in future<div style="display:inline-block;width:3.63px"> </div>periods may vary;<div style="display:inline-block;width:4.25px"> </div>e.g., due<div style="display:inline-block;width:3.8px"> </div>to forfeiture<div style="display:inline-block;width:3.46px"> </div>of award<div style="display:inline-block;width:1.68px"> </div>s.<div style="display:inline-block;width:9.93px"> </div>2 Financial<div style="display:inline-block;width:3.49px"> </div>advisor compensation<div style="display:inline-block;width:4.07px"> </div>consists of cash<div style="display:inline-block;width:4.25px"> </div>and deferred compensation </div><div id="a190134" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:315.6px;">awards and is based on compensable revenues and firm tenure using a formulaic approach. It also includes expenses related to compensation commitments with financial advisors entered into at the time of recruitment </div><div id="a190137" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:325.5px;">that are subject to vesting requirements.<div style="display:inline-block;width:10.73px"> </div>3 Consists of replacement<div style="display:inline-block;width:3.79px"> </div>payments, forfeiture<div style="display:inline-block;width:3.48px"> </div>credits, severance<div style="display:inline-block;width:3.94px"> </div>payments, retention<div style="display:inline-block;width:3.73px"> </div>plan payments and interest<div style="display:inline-block;width:3.64px"> </div>expense related to the<div style="display:inline-block;width:3.48px"> </div>Deferred Contingent Capital<div style="display:inline-block;width:3.95px"> </div>Plan.<div style="display:inline-block;width:6.79px"> </div></div><div id="a190139" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:336px;">4 Includes USD </div><div id="a190139_15_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:52.861px;top:336px;">680</div><div id="a190139_18_75" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:65.629px;top:336px;">m in expenses related to<div style="display:inline-block;width:3.47px"> </div>share-based compensation<div style="display:inline-block;width:3.41px"> </div>(performance awards:<div style="display:inline-block;width:3.64px"> </div>USD </div><div id="a190139_93_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:317.308px;top:336px;">457</div><div id="a190139_96_36" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:330.077px;top:336px;">m; other variable compensation:<div style="display:inline-block;width:3.92px"> </div>USD </div><div id="a190139_132_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:449.248px;top:336px;">56</div><div id="a190139_134_39" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:457.76px;top:336px;">m; financial advisor compensation:<div style="display:inline-block;width:3.77px"> </div>USD </div><div id="a190139_173_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:584.498px;top:336px;">166</div><div id="a190139_176_18" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:597.52px;top:336px;">m). A further USD </div><div id="a190139_194_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:655.215px;top:336px;">80</div><div id="a190139_196_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:663.727px;top:336px;">m in </div><div id="a190143" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:345.9px;">expenses related<div style="display:inline-block;width:3.79px"> </div>to share-based<div style="display:inline-block;width:3.85px"> </div>compensation<div style="display:inline-block;width:3.61px"> </div>was recognized<div style="display:inline-block;width:4.01px"> </div>within<div style="display:inline-block;width:3.46px"> </div>other expense<div style="display:inline-block;width:3.47px"> </div>categories<div style="display:inline-block;width:3.46px"> </div>included in<div style="display:inline-block;width:3.63px"> </div>Note 6<div style="display:inline-block;width:3.48px"> </div>(salaries:<div style="display:inline-block;width:3.48px"> </div>USD </div><div id="a190143_126_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:419.96px;top:345.9px;">4</div><div id="a190143_127_58" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:424.689px;top:345.9px;">m, related to<div style="display:inline-block;width:3.78px"> </div>role-based<div style="display:inline-block;width:3.63px"> </div>allowances; social<div style="display:inline-block;width:4.09px"> </div>security:<div style="display:inline-block;width:3.47px"> </div>USD </div><div id="a190143_185_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:608.341px;top:345.9px;">57</div><div id="a190143_187_19" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:616.853px;top:345.9px;">m; other<div style="display:inline-block;width:3.62px"> </div>personnel </div><div id="a190149" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:355.8px;">expenses: USD </div><div id="a190149_14_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:51.442px;top:355.8px;">19</div><div id="a190149_16_35" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:59.954px;top:355.8px;">m related to the Equity<div style="display:inline-block;width:3.64px"> </div>Plus Plan).</div></div> 2012000000 -9000000 2003000000 0 0 0 346000000 561000000 907000000 582000000 730000000 1312000000 191000000 225000000 416000000 294000000 240000000 534000000 123000000 211000000 334000000 238000000 395000000 634000000 11000000 30000000 41000000 30000000 40000000 70000000 21000000 95000000 116000000 20000000 54000000 74000000 2358000000 552000000 2910000000 582000000 730000000 1312000000 3799000000 709000000 4508000000 1290000000 2652000000 3942000000 3481000000 0 3481000000 0 0 0 104000000 62000000 166000000 122000000 180000000 302000000 185000000 215000000 400000000 588000000 636000000 1224000000 29000000 432000000 461000000 580000000 1836000000 2416000000 146000000 72000000 217000000 230000000 189000000 419000000 6304000000 1332000000 7636000000 2101000000 3571000000 5672000000 680000000 457000000 56000000 166000000 80000000 4000000 57000000 19000000 <div id="TextBlockContainer1665" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:354px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a190190" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Variable compensation<div style="display:inline-block;width:4.63px"> </div>(continued) </div><div id="a190194" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:340.142px;top:15.8px;">Expenses recognized in 2021 </div><div id="a190197" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:15.8px;">Expenses deferred to 2022 and later</div><div id="a190198" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:650.995px;top:16.4px;">1</div><div id="a190200" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:64.5px;">USD m </div><div id="a190203" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:308.888px;top:29.5px;">Related to the </div><div id="a190204" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:341.555px;top:41.3px;">2021 </div><div id="a190205" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.035px;top:53.2px;">performance </div><div id="a190206" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.342px;top:64.5px;">year </div><div id="a190208" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:367.568px;top:41.3px;">Related to prior </div><div id="a190209" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:378.915px;top:53.2px;">performance </div><div id="a190210" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.435px;top:64.5px;">years </div><div id="a190212" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:466.462px;top:64.5px;">Total </div><div id="a190215" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:29.5px;">Related to the </div><div id="a190216" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.542px;top:41.3px;">2021 </div><div id="a190217" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.062px;top:53.2px;">performance </div><div id="a190218" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.328px;top:64.5px;">year </div><div id="a190220" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:41.3px;">Related to prior </div><div id="a190221" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.928px;top:53.2px;">performance </div><div id="a190222" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:599.448px;top:64.5px;">years </div><div id="a190224" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.955px;top:64.5px;">Total </div><div id="a190226" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:78.2px;">Non-deferred cash </div><div id="a190231_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.715px;top:78.2px;">2,136</div><div id="a190234_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:414.408px;top:78.2px;display:flex;">(8)</div><div id="a190237_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.688px;top:78.2px;">2,128</div><div id="a190241_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:78.2px;">0</div><div id="a190244_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.635px;top:78.2px;">0</div><div id="a190247_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.195px;top:78.2px;">0</div><div id="a190250" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:93.4px;">Deferred compensation awards </div><div id="a190253_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.808px;top:93.4px;">389</div><div id="a190256_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:409.688px;top:93.4px;">399</div><div id="a190259_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:469.782px;top:93.4px;">788</div><div id="a190263_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:93.4px;">767</div><div id="a190266_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:603.702px;top:93.4px;">606</div><div id="a190269_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:93.4px;">1,373</div><div id="a190272" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:109px;">of which: Equity Ownership Plan </div><div id="a190275_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:345.808px;top:109px;">175</div><div id="a190278_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:109px;">174</div><div id="a190281_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:109px;">350</div><div id="a190285_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:109px;">374</div><div id="a190288_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.702px;top:109px;">180</div><div id="a190291_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:109px;">553</div><div id="a190294" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:124.1px;">of which: Deferred Contingent Capital Plan </div><div id="a190297_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:345.808px;top:124.1px;">134</div><div id="a190300_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:124.1px;">151</div><div id="a190303_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:124.1px;">285</div><div id="a190307_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:124.1px;">290</div><div id="a190310_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.702px;top:124.1px;">318</div><div id="a190313_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:124.1px;">608</div><div id="a190316" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:139.7px;">of which: Long-Term Incentive<div style="display:inline-block;width:3.85px"> </div>Plan </div><div id="a190321_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:351.008px;top:139.7px;">51</div><div id="a190324_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:414.888px;top:139.7px;">17</div><div id="a190327_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:474.982px;top:139.7px;">69</div><div id="a190331_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:544.995px;top:139.7px;">48</div><div id="a190334_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.902px;top:139.7px;">32</div><div id="a190337_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.475px;top:139.7px;">79</div><div id="a190340" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:154.9px;">of which: Fund Ownership Plan </div><div id="a190343_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:351.008px;top:154.9px;">29</div><div id="a190346_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:414.888px;top:154.9px;">55</div><div id="a190349_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:474.982px;top:154.9px;">84</div><div id="a190353_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:544.995px;top:154.9px;">56</div><div id="a190356_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.902px;top:154.9px;">77</div><div id="a190359_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:154.9px;">133</div><div id="a190362" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:170px;">Variable compensation –<div style="display:inline-block;width:3.91px"> </div>performance awards </div><div id="a190368_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.715px;top:170px;">2,525</div><div id="a190371_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:409.688px;top:170px;">391</div><div id="a190374_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.688px;top:170px;">2,916</div><div id="a190378_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:170px;">767</div><div id="a190381_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:603.702px;top:170px;">606</div><div id="a190384_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:170px;">1,373</div><div id="a190387" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:186.1px;">Variable compensation –<div style="display:inline-block;width:3.91px"> </div>financial advisors</div><div id="a190391" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:159.355px;top:186.7px;">2</div><div id="a190394_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.715px;top:186.1px;">4,175</div><div id="a190397_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:409.688px;top:186.1px;">685</div><div id="a190400_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.688px;top:186.1px;">4,860</div><div id="a190404_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.702px;top:186.1px;">1,097</div><div id="a190407_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.582px;top:186.1px;">2,323</div><div id="a190410_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:186.1px;">3,419</div><div id="a190413" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:201.2px;">of which: non-deferred cash </div><div id="a190418_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:338.715px;top:201.2px;">3,858</div><div id="a190421_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:414.408px;top:201.2px;display:flex;">(6)</div><div id="a190424_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:462.688px;top:201.2px;">3,853</div><div id="a190428_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:549.755px;top:201.2px;">0</div><div id="a190431_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.635px;top:201.2px;">0</div><div id="a190434_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:674.195px;top:201.2px;">0</div><div id="a190437" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:216.8px;">of which: deferred share-based awards </div><div id="a190442_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:345.808px;top:216.8px;">106</div><div id="a190445_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:414.888px;top:216.8px;">51</div><div id="a190448_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:216.8px;">157</div><div id="a190452_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:216.8px;">123</div><div id="a190455_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.702px;top:216.8px;">146</div><div id="a190458_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:216.8px;">269</div><div id="a190461" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:232px;">of which: deferred cash-based awards </div><div id="a190466_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:345.808px;top:232px;">170</div><div id="a190469_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:232px;">202</div><div id="a190472_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:232px;">372</div><div id="a190476_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:232px;">311</div><div id="a190479_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.702px;top:232px;">495</div><div id="a190482_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:232px;">806</div><div id="a190485" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:247.6px;">of which: compensation commitments with recruited<div style="display:inline-block;width:3.78px"> </div>financial advisors </div><div id="a190488_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:351.008px;top:247.6px;">41</div><div id="a190491_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:247.6px;">438</div><div id="a190494_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:247.6px;">479</div><div id="a190498_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:247.6px;">662</div><div id="a190501_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:596.582px;top:247.6px;">1,682</div><div id="a190504_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:657.168px;top:247.6px;">2,344</div><div id="a190507" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:263.7px;">Variable compensation –<div style="display:inline-block;width:3.91px"> </div>other</div><div id="a190511" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:116.288px;top:264.3px;">3</div><div id="a190514_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.808px;top:263.7px;">163</div><div id="a190517_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:414.888px;top:263.7px;">33</div><div id="a190520_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:469.782px;top:263.7px;">196</div><div id="a190524_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:263.7px;">210</div><div id="a190527_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:603.702px;top:263.7px;">178</div><div id="a190530_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:263.7px;">388</div><div id="a190533" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:279.8px;">Total variable compensation </div><div id="a190537_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.715px;top:279.8px;">6,863</div><div id="a190540_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:402.595px;top:279.8px;">1,109</div><div id="a190543_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.848px;top:279.8px;">7,973</div><div id="a190545" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:481.595px;top:280.4px;">4 </div><div id="a190548_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.702px;top:279.8px;">2,074</div><div id="a190551_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.582px;top:279.8px;">3,107</div><div id="a190554_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:279.8px;">5,181</div><div id="a190557" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:295.3px;">1 Estimate as<div style="display:inline-block;width:3.49px"> </div>of 31 December<div style="display:inline-block;width:3.65px"> </div>2021. Actual amounts<div style="display:inline-block;width:4.31px"> </div>expensed may<div style="display:inline-block;width:3.47px"> </div>vary; e.g.,<div style="display:inline-block;width:4.11px"> </div>due to forfeiture<div style="display:inline-block;width:3.63px"> </div>of awards.<div style="display:inline-block;width:11.12px"> </div>2 Financial<div style="display:inline-block;width:3.49px"> </div>advisor compensation<div style="display:inline-block;width:3.59px"> </div>consists of<div style="display:inline-block;width:3.61px"> </div>cash and deferred<div style="display:inline-block;width:3.81px"> </div>compensation awards<div style="display:inline-block;width:3.93px"> </div>and is based<div style="display:inline-block;width:3.8px"> </div>on </div><div id="a190560" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:305.2px;">compensable revenues and<div style="display:inline-block;width:3.78px"> </div>firm tenure using<div style="display:inline-block;width:3.63px"> </div>a formulaic approach.<div style="display:inline-block;width:3.95px"> </div>It also includes expenses<div style="display:inline-block;width:4.42px"> </div>related to compensation<div style="display:inline-block;width:3.93px"> </div>commitments<div style="display:inline-block;width:3.06px"> </div>with financial advisors<div style="display:inline-block;width:4.09px"> </div>entered into at<div style="display:inline-block;width:3.54px"> </div>the time of recruitment<div style="display:inline-block;width:4.09px"> </div>that are subject<div style="display:inline-block;width:3.49px"> </div>to </div><div id="a190563" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:315.6px;">vesting requirements.<div style="display:inline-block;width:12.91px"> </div>3 Consists<div style="display:inline-block;width:4.26px"> </div>of replacement<div style="display:inline-block;width:4.41px"> </div>payments, forfeiture<div style="display:inline-block;width:4.42px"> </div>credits,<div style="display:inline-block;width:3.63px"> </div>severance<div style="display:inline-block;width:3.78px"> </div>payments, retention<div style="display:inline-block;width:4.89px"> </div>plan payments<div style="display:inline-block;width:4.37px"> </div>and interest<div style="display:inline-block;width:3.95px"> </div>expense related<div style="display:inline-block;width:4.42px"> </div>to the<div style="display:inline-block;width:3.94px"> </div>Deferred Contingent<div style="display:inline-block;width:4.73px"> </div>Capital Plan.<div style="display:inline-block;width:12.28px"> </div>4 Includes </div><div id="a190566" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:325.5px;">USD </div><div id="a190566_4_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.812px;top:325.5px;">631</div><div id="a190566_7_75" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:31.581px;top:325.5px;">m in expenses related<div style="display:inline-block;width:3.79px"> </div>to share-based<div style="display:inline-block;width:3.41px"> </div>compensation (performance<div style="display:inline-block;width:4.09px"> </div>awards: USD </div><div id="a190566_82_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:284.675px;top:325.5px;">419</div><div id="a190566_85_36" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:297.443px;top:325.5px;">m; other variable<div style="display:inline-block;width:3.46px"> </div>compensation:<div style="display:inline-block;width:3.45px"> </div>USD </div><div id="a190566_121_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:417.56px;top:325.5px;">56</div><div id="a190566_123_39" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:426.072px;top:325.5px;">m; financial advisor compensation:<div style="display:inline-block;width:4.72px"> </div>USD </div><div id="a190566_162_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:553.283px;top:325.5px;">157</div><div id="a190566_165_18" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:566.307px;top:325.5px;">m). A further USD </div><div id="a190566_183_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:624.947px;top:325.5px;">77</div><div id="a190566_185_14" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:633.459px;top:325.5px;">m in expenses </div><div id="a190572" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:335.9px;">related to share-based<div style="display:inline-block;width:4.46px"> </div>compensation<div style="display:inline-block;width:3.61px"> </div>was recognized<div style="display:inline-block;width:4.48px"> </div>within other<div style="display:inline-block;width:3.62px"> </div>expense categories<div style="display:inline-block;width:4.26px"> </div>included in<div style="display:inline-block;width:4.1px"> </div>Note 6<div style="display:inline-block;width:3.48px"> </div>(salaries:<div style="display:inline-block;width:3.48px"> </div>USD </div><div id="a190572_117_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:389.666px;top:335.9px;">5</div><div id="a190572_118_57" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:393.922px;top:335.9px;">m related to<div style="display:inline-block;width:4.41px"> </div>role-based allowances;<div style="display:inline-block;width:4.76px"> </div>social security:<div style="display:inline-block;width:3.94px"> </div>USD </div><div id="a190572_175_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:576.181px;top:335.9px;">59</div><div id="a190572_177_29" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:584.693px;top:335.9px;">m; other<div style="display:inline-block;width:3.62px"> </div>personnel expenses: </div><div id="a190578" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:345.9px;">USD </div><div id="a190578_4_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.812px;top:345.9px;">13</div><div id="a190578_6_35" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:27.324px;top:345.9px;">m related to the Equity Plus<div style="display:inline-block;width:3.64px"> </div>Plan).</div></div> 2136000000 -8000000 2128000000 0 0 0 389000000 399000000 788000000 767000000 606000000 1373000000 175000000 174000000 350000000 374000000 180000000 553000000 134000000 151000000 285000000 290000000 318000000 608000000 51000000 17000000 69000000 48000000 32000000 79000000 29000000 55000000 84000000 56000000 77000000 133000000 2525000000 391000000 2916000000 767000000 606000000 1373000000 4175000000 685000000 4860000000 1097000000 2323000000 3419000000 3858000000 -6000000 3853000000 0 0 0 106000000 51000000 157000000 123000000 146000000 269000000 170000000 202000000 372000000 311000000 495000000 806000000 41000000 438000000 479000000 662000000 1682000000 2344000000 163000000 33000000 196000000 210000000 178000000 388000000 6863000000 1109000000 7973000000 2074000000 3107000000 5181000000 631000000 419000000 56000000 157000000 77000000 5000000 59000000 13000000 <div id="TextBlockContainer1669" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:363px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a190583" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Variable compensation<div style="display:inline-block;width:4.63px"> </div>(continued) </div><div id="a190591" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:340.142px;top:15.3px;">Expenses recognized in 2020 </div><div id="a190594" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:519.462px;top:15.3px;">Expenses deferred to 2021 and later</div><div id="a190595" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:650.995px;top:15.9px;">1</div><div id="a190597" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:63.6px;">USD m </div><div id="a190600" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:308.888px;top:28.5px;">Related to the </div><div id="a190601" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:341.555px;top:40.4px;">2020 </div><div id="a190602" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:315.035px;top:52.2px;">performance </div><div id="a190603" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.342px;top:63.6px;">year </div><div id="a190605" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:367.568px;top:40.4px;">Related to prior </div><div id="a190606" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:378.915px;top:52.2px;">performance </div><div id="a190607" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.435px;top:63.6px;">years </div><div id="a190609" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:466.462px;top:63.6px;">Total </div><div id="a190612" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:28.5px;">Related to the </div><div id="a190613" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:535.542px;top:40.4px;">2020 </div><div id="a190614" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:509.062px;top:52.2px;">performance </div><div id="a190615" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.328px;top:63.6px;">year </div><div id="a190617" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:40.4px;">Related to prior </div><div id="a190618" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:572.928px;top:52.2px;">performance </div><div id="a190619" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:599.448px;top:63.6px;">years </div><div id="a190621" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:660.955px;top:63.6px;">Total </div><div id="a190623" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:77.7px;">Non-deferred cash </div><div id="a190628_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.715px;top:77.7px;">1,948</div><div id="a190631_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:409.688px;top:77.7px;display:flex;">(29)</div><div id="a190634_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.688px;top:77.7px;">1,920</div><div id="a190638_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:77.7px;">0</div><div id="a190641_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.635px;top:77.7px;">0</div><div id="a190644_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.195px;top:77.7px;">0</div><div id="a190647" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:93.8px;">Deferred compensation awards </div><div id="a190650_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.808px;top:93.8px;">329</div><div id="a190653_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:409.688px;top:93.8px;">704</div><div id="a190656_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.688px;top:93.8px;">1,034</div><div id="a190660_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:93.8px;">734</div><div id="a190663_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:603.702px;top:93.8px;">277</div><div id="a190666_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:93.8px;">1,011</div><div id="a190669" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:110.4px;">of which: Equity Ownership Plan </div><div id="a190672_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:345.808px;top:110.4px;">131</div><div id="a190675_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:110.4px;">315</div><div id="a190678_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:110.4px;">446</div><div id="a190682_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:110.4px;">298</div><div id="a190685_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.902px;top:110.4px;">67</div><div id="a190688_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:110.4px;">365</div><div id="a190691" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:127px;">of which: Deferred Contingent Capital Plan </div><div id="a190694_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:345.808px;top:127px;">108</div><div id="a190697_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:127px;">339</div><div id="a190700_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:127px;">448</div><div id="a190704_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:127px;">271</div><div id="a190707_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.702px;top:127px;">189</div><div id="a190710_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:127px;">459</div><div id="a190713" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:143px;">of which: Long-Term Incentive<div style="display:inline-block;width:3.85px"> </div>Plan </div><div id="a190718_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:351.008px;top:143px;">41</div><div id="a190721_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:414.888px;top:143px;">11</div><div id="a190724_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:474.982px;top:143px;">52</div><div id="a190728_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:544.995px;top:143px;">46</div><div id="a190731_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.635px;top:143px;">9</div><div id="a190734_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.475px;top:143px;">55</div><div id="a190737" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:159.6px;">of which: Fund Ownership Plan </div><div id="a190740_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:351.008px;top:159.6px;">49</div><div id="a190743_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:414.888px;top:159.6px;">39</div><div id="a190746_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:474.982px;top:159.6px;">88</div><div id="a190750_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:159.6px;">120</div><div id="a190753_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:608.902px;top:159.6px;">12</div><div id="a190756_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:159.6px;">132</div><div id="a190759" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:175.2px;">Variable compensation –<div style="display:inline-block;width:3.91px"> </div>performance awards </div><div id="a190765_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.715px;top:175.2px;">2,278</div><div id="a190768_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:409.688px;top:175.2px;">675</div><div id="a190771_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.688px;top:175.2px;">2,953</div><div id="a190775_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:175.2px;">734</div><div id="a190778_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:603.702px;top:175.2px;">277</div><div id="a190781_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:175.2px;">1,011</div><div id="a190784" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:191.3px;">Variable compensation –<div style="display:inline-block;width:3.91px"> </div>financial advisors</div><div id="a190789" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:159.355px;top:191.9px;">2</div><div id="a190792_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.715px;top:191.3px;">3,378</div><div id="a190795_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:409.688px;top:191.3px;">713</div><div id="a190798_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:462.688px;top:191.3px;">4,091</div><div id="a190802_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:191.3px;">822</div><div id="a190805_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.582px;top:191.3px;">2,284</div><div id="a190808_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:191.3px;">3,106</div><div id="a190811" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:207.9px;">of which: non-deferred cash </div><div id="a190816_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:338.715px;top:207.9px;">3,154</div><div id="a190819_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:419.622px;top:207.9px;">0</div><div id="a190822_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:462.688px;top:207.9px;">3,154</div><div id="a190826_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:549.755px;top:207.9px;">0</div><div id="a190829_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:613.635px;top:207.9px;">0</div><div id="a190832_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:674.195px;top:207.9px;">0</div><div id="a190835" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:223.9px;">of which: deferred share-based awards </div><div id="a190840_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:351.008px;top:223.9px;">69</div><div id="a190843_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:414.888px;top:223.9px;">50</div><div id="a190846_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:223.9px;">119</div><div id="a190850_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:544.995px;top:223.9px;">79</div><div id="a190853_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.702px;top:223.9px;">135</div><div id="a190856_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:223.9px;">214</div><div id="a190859" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:15.502px;top:240.5px;">of which: deferred cash-based awards </div><div id="a190864_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:345.808px;top:240.5px;">133</div><div id="a190867_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:409.688px;top:240.5px;">183</div><div id="a190870_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:469.782px;top:240.5px;">316</div><div id="a190874_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:539.795px;top:240.5px;">271</div><div id="a190877_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:603.702px;top:240.5px;">467</div><div id="a190880_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:240.5px;">738</div><div id="a190883" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:256.6px;">of which: compensation commitments with recruited<div style="display:inline-block;width:3.78px"> </div>financial advisors </div><div id="a190886_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:351.008px;top:256.6px;">22</div><div id="a190889_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:409.688px;top:256.6px;">480</div><div id="a190892_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:469.782px;top:256.6px;">502</div><div id="a190896_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:256.6px;">473</div><div id="a190899_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.582px;top:256.6px;">1,682</div><div id="a190902_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:256.6px;">2,155</div><div id="a190905" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:272.7px;">Variable compensation –<div style="display:inline-block;width:3.91px"> </div>other</div><div id="a190909" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:116.288px;top:273.3px;">3</div><div id="a190912_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:345.808px;top:272.7px;">109</div><div id="a190915_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:414.888px;top:272.7px;">92</div><div id="a190918_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:469.782px;top:272.7px;">201</div><div id="a190922_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:539.795px;top:272.7px;">176</div><div id="a190925_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:603.702px;top:272.7px;">189</div><div id="a190928_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:272.7px;">364</div><div id="a190931" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:288.8px;">Total variable compensation </div><div id="a190934_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:338.715px;top:288.8px;">5,765</div><div id="a190937_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:402.595px;top:288.8px;">1,481</div><div id="a190940_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:459.848px;top:288.8px;">7,246</div><div id="a190942" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:481.595px;top:289.4px;">4 </div><div id="a190945_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.702px;top:288.8px;">1,732</div><div id="a190948_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:596.582px;top:288.8px;">2,749</div><div id="a190951_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:288.8px;">4,481</div><div id="a190954" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:304.3px;">1 Estimate as<div style="display:inline-block;width:3.49px"> </div>of 31 December<div style="display:inline-block;width:3.65px"> </div>2020. Actual amounts<div style="display:inline-block;width:4.31px"> </div>expensed may<div style="display:inline-block;width:3.47px"> </div>vary; e.g.,<div style="display:inline-block;width:4.11px"> </div>due to forfeiture<div style="display:inline-block;width:3.63px"> </div>of awards.<div style="display:inline-block;width:11.12px"> </div>2 Financial<div style="display:inline-block;width:3.49px"> </div>advisor compensation<div style="display:inline-block;width:3.59px"> </div>consists of<div style="display:inline-block;width:3.61px"> </div>cash and deferred<div style="display:inline-block;width:3.81px"> </div>compensation awards<div style="display:inline-block;width:3.93px"> </div>and is based<div style="display:inline-block;width:3.8px"> </div>on </div><div id="a190957" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:314.2px;">compensable revenues and<div style="display:inline-block;width:3.78px"> </div>firm tenure using<div style="display:inline-block;width:3.63px"> </div>a formulaic approach.<div style="display:inline-block;width:3.95px"> </div>It also includes expenses<div style="display:inline-block;width:4.42px"> </div>related to compensation<div style="display:inline-block;width:3.93px"> </div>commitments<div style="display:inline-block;width:3.06px"> </div>with financial advisors<div style="display:inline-block;width:4.09px"> </div>entered into at<div style="display:inline-block;width:3.54px"> </div>the time of recruitment<div style="display:inline-block;width:4.09px"> </div>that are subject<div style="display:inline-block;width:3.49px"> </div>to </div><div id="a190960" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:324.6px;">vesting requirements.<div style="display:inline-block;width:12.91px"> </div>3 Consists<div style="display:inline-block;width:4.26px"> </div>of replacement<div style="display:inline-block;width:4.41px"> </div>payments, forfeiture<div style="display:inline-block;width:4.42px"> </div>credits,<div style="display:inline-block;width:3.63px"> </div>severance<div style="display:inline-block;width:3.78px"> </div>payments, retention<div style="display:inline-block;width:4.89px"> </div>plan payments<div style="display:inline-block;width:4.37px"> </div>and interest<div style="display:inline-block;width:3.95px"> </div>expense related<div style="display:inline-block;width:4.42px"> </div>to the<div style="display:inline-block;width:3.94px"> </div>Deferred Contingent<div style="display:inline-block;width:4.73px"> </div>Capital Plan.<div style="display:inline-block;width:12.28px"> </div>4 Includes </div><div id="a190963" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:334.5px;">USD </div><div id="a190963_4_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.812px;top:334.5px;">666</div><div id="a190963_7_75" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:31.581px;top:334.5px;">m in expenses related<div style="display:inline-block;width:3.79px"> </div>to share-based<div style="display:inline-block;width:3.41px"> </div>compensation (performance<div style="display:inline-block;width:4.09px"> </div>awards: USD </div><div id="a190963_82_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:284.675px;top:334.5px;">498</div><div id="a190963_85_36" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:297.443px;top:334.5px;">m; other variable<div style="display:inline-block;width:3.46px"> </div>compensation:<div style="display:inline-block;width:3.45px"> </div>USD </div><div id="a190963_121_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:417.56px;top:334.5px;">49</div><div id="a190963_123_39" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:426.072px;top:334.5px;">m; financial advisor compensation:<div style="display:inline-block;width:4.72px"> </div>USD </div><div id="a190963_162_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:553.283px;top:334.5px;">119</div><div id="a190963_165_18" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:566.307px;top:334.5px;">m). A further USD </div><div id="a190963_183_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:624.947px;top:334.5px;">88</div><div id="a190963_185_14" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:633.459px;top:334.5px;">m in expenses </div><div id="a190969" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:345px;">related to share-based<div style="display:inline-block;width:4.46px"> </div>compensation<div style="display:inline-block;width:3.61px"> </div>was recognized<div style="display:inline-block;width:4.48px"> </div>within other<div style="display:inline-block;width:3.62px"> </div>expense categories<div style="display:inline-block;width:4.26px"> </div>included in<div style="display:inline-block;width:4.1px"> </div>Note 6<div style="display:inline-block;width:3.48px"> </div>(salaries:<div style="display:inline-block;width:3.48px"> </div>USD </div><div id="a190969_117_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:389.666px;top:345px;">4</div><div id="a190969_118_57" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:393.922px;top:345px;">m related to<div style="display:inline-block;width:4.41px"> </div>role-based allowances;<div style="display:inline-block;width:4.76px"> </div>social security:<div style="display:inline-block;width:3.94px"> </div>USD </div><div id="a190969_175_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:576.181px;top:345px;">51</div><div id="a190969_177_29" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:584.693px;top:345px;">m; other<div style="display:inline-block;width:3.62px"> </div>personnel expenses: </div><div id="a190975" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:354.9px;">USD </div><div id="a190975_4_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.812px;top:354.9px;">34</div><div id="a190975_6_35" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:27.324px;top:354.9px;">m related to the Equity Plus<div style="display:inline-block;width:3.64px"> </div>Plan).</div></div> 1948000000 -29000000 1920000000 0 0 0 329000000 704000000 1034000000 734000000 277000000 1011000000 131000000 315000000 446000000 298000000 67000000 365000000 108000000 339000000 448000000 271000000 189000000 459000000 41000000 11000000 52000000 46000000 9000000 55000000 49000000 39000000 88000000 120000000 12000000 132000000 2278000000 675000000 2953000000 734000000 277000000 1011000000 3378000000 713000000 4091000000 822000000 2284000000 3106000000 3154000000 0 3154000000 0 0 0 69000000 50000000 119000000 79000000 135000000 214000000 133000000 183000000 316000000 271000000 467000000 738000000 22000000 480000000 502000000 473000000 1682000000 2155000000 109000000 92000000 201000000 176000000 189000000 364000000 5765000000 1481000000 7246000000 1732000000 2749000000 4481000000 666000000 498000000 49000000 119000000 88000000 4000000 51000000 34000000 <div id="TextBlockContainer1676" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:154px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1674_XBRL_TS_0f9c74bebca04b77a5ae8aae152b510f" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1675" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:154px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a191040" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Movements in outstanding<div style="display:inline-block;width:4.18px"> </div>share-based compensation awards </div><div id="a191044" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:31.4px;"><div style="display:inline-block;width:2.37px"> </div></div><div id="a191046" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:368.982px;top:37.1px;">Number of shares </div><div id="a191048" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:413.942px;top:48.9px;">2022 </div><div id="a191050" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:487.742px;top:13.9px;">Weighted<div style="display:inline-block;width:2.82px"> </div></div><div id="a191052" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:472.608px;top:25.7px;">average grant<div style="display:inline-block;width:3.37px"> </div></div><div id="a191054" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:492.955px;top:37.1px;">date fair<div style="display:inline-block;width:2.51px"> </div></div><div id="a191056" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:480.648px;top:48.9px;">value (USD) </div><div id="a191058" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:534.128px;top:37.1px;">Number of shares </div><div id="a191060" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:579.075px;top:48.9px;">2021 </div><div id="a191062" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:643.422px;top:13.9px;">Weighted<div style="display:inline-block;width:2.82px"> </div></div><div id="a191064" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:628.288px;top:25.7px;">average grant<div style="display:inline-block;width:3.37px"> </div></div><div id="a191066" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:648.635px;top:37.1px;">date fair<div style="display:inline-block;width:2.53px"> </div></div><div id="a191068" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:635.862px;top:48.9px;">value (USD) </div><div id="a191070" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:63.1px;">Outstanding, at the beginning of the<div style="display:inline-block;width:3.8px"> </div>year </div><div id="a191072_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:402.115px;top:63.1px;">295,921</div><div id="a191075_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:63.1px;">15</div><div id="a191078_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.982px;top:63.1px;">54,557</div><div id="a191081_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:63.1px;">13</div><div id="a191084" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:79.2px;">Awarded during the year </div><div id="a191086_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:402.115px;top:79.2px;">358,424</div><div id="a191089_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:79.2px;">19</div><div id="a191092_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:567.262px;top:79.2px;">278,756</div><div id="a191095_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:79.2px;">15</div><div id="a191098" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:95.7px;">Distributed during the year </div><div id="a191100_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:402.115px;top:95.7px;display:flex;">(37,994)</div><div id="a191103_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:95.7px;">14</div><div id="a191106_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:95.7px;display:flex;">(24,176)</div><div id="a191109_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:95.7px;">13</div><div id="a191112" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:111.8px;">Forfeited during the<div style="display:inline-block;width:3.78px"> </div>year </div><div id="a191114_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:406.848px;top:111.8px;display:flex;">(1,923)</div><div id="a191117_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:111.8px;">15</div><div id="a191120_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:111.8px;display:flex;">(13,215)</div><div id="a191123_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:111.8px;">15</div><div id="a191126" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:127.4px;">Outstanding, at the end of the year </div><div id="a191128_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:402.115px;top:127.4px;">614,428</div><div id="a191131_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:127.4px;">17</div><div id="a191134_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:567.262px;top:127.4px;">295,921</div><div id="a191137_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:127.4px;">15</div><div id="a191140" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:144px;">of which: shares vested for accounting purposes </div><div id="a191143_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:402.115px;top:144px;">174,329</div><div id="a191147_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:567.262px;top:144px;">116,775</div></div></div></div> 295921 15 54557 13 358424 19 278756 15 37994 14 24176 13 1923 15 13215 15 614428 17 295921 15 174329 116775 7000000 3000000 <div id="TextBlockContainer1680" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:270px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a191218" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 28<div style="display:inline-block;width:8.21px"> </div>Interests in subsidiaries and other entities </div><div id="a191221" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:10.3px;"> </div><div id="a191222" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:4.905px;top:30.3px;">a) Interests in subsidiaries </div><div id="a191225" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:57.6px;">UBS AG defines its<div style="display:inline-block;width:2.16px"> </div>significant subsidiaries as those<div style="display:inline-block;width:2.2px"> </div>entities that, either<div style="display:inline-block;width:2.1px"> </div>individually or in aggregate, contribute<div style="display:inline-block;width:2.08px"> </div>significantly </div><div id="a191228" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:73.2px;">to UBS<div style="display:inline-block;width:5.24px"> </div>AG’s financial position<div style="display:inline-block;width:5.85px"> </div>or results of<div style="display:inline-block;width:5.64px"> </div>operations, based<div style="display:inline-block;width:5.84px"> </div>on a number<div style="display:inline-block;width:5.17px"> </div>of criteria,<div style="display:inline-block;width:5.06px"> </div>including the<div style="display:inline-block;width:5.38px"> </div>subsidiaries’ equity </div><div id="a191229" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:88.3px;">and<div style="display:inline-block;width:5.61px"> </div>contribution<div style="display:inline-block;width:5.58px"> </div>to<div style="display:inline-block;width:5.25px"> </div>UBS<div style="display:inline-block;width:5.56px"> </div>AG’s<div style="display:inline-block;width:5.4px"> </div>total<div style="display:inline-block;width:5.47px"> </div>assets<div style="display:inline-block;width:5.67px"> </div>and<div style="display:inline-block;width:5.73px"> </div>profit<div style="display:inline-block;width:5.75px"> </div>or<div style="display:inline-block;width:5.72px"> </div>loss<div style="display:inline-block;width:5.46px"> </div>before<div style="display:inline-block;width:6.01px"> </div>tax,<div style="display:inline-block;width:5.42px"> </div>in<div style="display:inline-block;width:5.3px"> </div>accordance<div style="display:inline-block;width:6.23px"> </div>with<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.25px"> </div>requirements<div style="display:inline-block;width:6.09px"> </div>set<div style="display:inline-block;width:5.57px"> </div>by </div><div id="a191233" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:103.5px;">IFRS 12, Swiss regulations<div style="display:inline-block;width:5.21px"> </div>and the rules of the US Securities and<div style="display:inline-block;width:5.15px"> </div>Exchange Commission (the<div style="display:inline-block;width:5.16px"> </div>SEC). </div><div id="a191237" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:126.6px;">Individually significant subsidiaries </div><div id="a191239" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:141.8px;">The table below lists UBS AG’s individually significant<div style="display:inline-block;width:5.1px"> </div>subsidiaries as of 31<div style="display:inline-block;width:5.11px"> </div>December 2022. Unless otherwise stated, the </div><div id="a191245" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:156.9px;">subsidiaries listed below have share capital<div style="display:inline-block;width:1.65px"> </div>consisting solely of ordinary shares<div style="display:inline-block;width:2.22px"> </div>held entirely by UBS<div style="display:inline-block;width:2.11px"> </div>AG and the<div style="display:inline-block;width:2.13px"> </div>proportion </div><div id="a191249" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:172.5px;">of ownership interest held<div style="display:inline-block;width:5.13px"> </div>is equal to the voting rights held<div style="display:inline-block;width:5.24px"> </div>by UBS AG.<div style="display:inline-block;width:4.22px"> </div></div><div id="a191252" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:195.3px;">The<div style="display:inline-block;width:5.4px"> </div>country<div style="display:inline-block;width:5.1px"> </div>where<div style="display:inline-block;width:5.59px"> </div>the<div style="display:inline-block;width:5.25px"> </div>respective registered<div style="display:inline-block;width:6.29px"> </div>office<div style="display:inline-block;width:5.03px"> </div>is<div style="display:inline-block;width:5.15px"> </div>located<div style="display:inline-block;width:5.62px"> </div>is<div style="display:inline-block;width:5.15px"> </div>also<div style="display:inline-block;width:5.35px"> </div>the principal<div style="display:inline-block;width:6.24px"> </div>place<div style="display:inline-block;width:5.1px"> </div>of<div style="display:inline-block;width:5.25px"> </div>business.<div style="display:inline-block;width:5.48px"> </div>UBS<div style="display:inline-block;width:5.08px"> </div>AG<div style="display:inline-block;width:5.25px"> </div>operates </div><div id="a191253" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:210.4px;">through<div style="display:inline-block;width:5.2px"> </div>a global branch<div style="display:inline-block;width:5.59px"> </div>network and<div style="display:inline-block;width:5.44px"> </div>a significant<div style="display:inline-block;width:5.14px"> </div>proportion<div style="display:inline-block;width:5.14px"> </div>of its business<div style="display:inline-block;width:6.18px"> </div>activity<div style="display:inline-block;width:5.03px"> </div>is conducted<div style="display:inline-block;width:5.23px"> </div>outside Switzerland, </div><div id="a191256" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:225.5px;">including in the UK, the US, Singapore, the Hong Kong<div style="display:inline-block;width:2.16px"> </div>SAR and other countries. UBS<div style="display:inline-block;width:2.31px"> </div>Europe SE has branches and offices </div><div id="a191262" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:241.1px;">in<div style="display:inline-block;width:5.3px"> </div>a<div style="display:inline-block;width:5.2px"> </div>number<div style="display:inline-block;width:5.5px"> </div>of<div style="display:inline-block;width:5.25px"> </div>EU<div style="display:inline-block;width:5.36px"> </div>Member<div style="display:inline-block;width:5.15px"> </div>States,<div style="display:inline-block;width:5.05px"> </div>including<div style="display:inline-block;width:5.7px"> </div>Germany,<div style="display:inline-block;width:5.17px"> </div>Italy, Luxembourg<div style="display:inline-block;width:7.31px"> </div>and<div style="display:inline-block;width:5.61px"> </div>Spain.<div style="display:inline-block;width:5.42px"> </div>Share<div style="display:inline-block;width:5.49px"> </div>capital is<div style="display:inline-block;width:6.37px"> </div>provided<div style="display:inline-block;width:5.79px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the </div><div id="a191266" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:256.3px;">currency of the legally registered<div style="display:inline-block;width:5.03px"> </div>office.</div></div><div id="TextBlockContainer1683" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:687px;height:183px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a191306" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:2.8px;">Individually significant subsidiaries<div style="display:inline-block;width:4.1px"> </div>of UBS AG as of 31 December 2022</div><div id="a191307" style="position:absolute;font-family:'Frutiger';font-size:6.148px;font-weight:bold;font-style:normal;left:334.902px;top:3.5px;">1</div><div id="a191312" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:18.6px;">Company </div><div id="a191314" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:155.582px;top:18.6px;">Registered office </div><div id="a191316" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:310.782px;top:18.6px;">Primary business </div><div id="a191319" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:466.462px;top:18.6px;">Share capital in million </div><div id="a191321" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.168px;top:18.6px;">Equity interest accumulated in % </div><div id="a191323" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:34.2px;">UBS Americas Holding LLC</div><div id="a191325" style="position:absolute;font-family:'Frutiger 47 CN';left:155.582px;top:34.2px;">Wilmington, Delaware, USA</div><div id="a191327" style="position:absolute;font-family:'Frutiger 47 CN';left:310.782px;top:34.2px;">Group Functions</div><div id="a191329" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:469.782px;top:34.2px;">USD </div><div id="a191331_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.568px;top:34.2px;">5,150.0</div><div id="a191333" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:545.942px;top:34.9px;">2</div><div id="a191335_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:34.2px;">100.0</div><div id="a191338" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:50.3px;">UBS Americas Inc.</div><div id="a191340" style="position:absolute;font-family:'Frutiger 47 CN';left:155.582px;top:50.3px;">Wilmington, Delaware, USA</div><div id="a191342" style="position:absolute;font-family:'Frutiger 47 CN';left:310.782px;top:50.3px;">Group Functions</div><div id="a191344" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:469.782px;top:50.3px;">USD </div><div id="a191346_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:537.435px;top:50.3px;">0.0</div><div id="a191349_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:50.3px;">100.0</div><div id="a191352" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:66.9px;">UBS Asset Management AG</div><div id="a191355" style="position:absolute;font-family:'Frutiger 47 CN';left:155.582px;top:66.9px;">Zurich, Switzerland</div><div id="a191357" style="position:absolute;font-family:'Frutiger 47 CN';left:310.782px;top:66.9px;">Asset Management</div><div id="a191359" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:470.248px;top:66.9px;">CHF </div><div id="a191361_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.235px;top:66.9px;">43.2</div><div id="a191364_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:66.9px;">100.0</div><div id="a191367" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:82.9px;">UBS Bank USA</div><div id="a191369" style="position:absolute;font-family:'Frutiger 47 CN';left:155.582px;top:82.9px;">Salt Lake City, Utah, USA</div><div id="a191371" style="position:absolute;font-family:'Frutiger 47 CN';left:310.782px;top:82.9px;">Global Wealth Management</div><div id="a191373" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:469.782px;top:82.9px;">USD </div><div id="a191375_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:537.435px;top:82.9px;">0.0</div><div id="a191378_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:82.9px;">100.0</div><div id="a191381" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:99.5px;">UBS Europe SE</div><div id="a191383" style="position:absolute;font-family:'Frutiger 47 CN';left:155.582px;top:99.5px;">Frankfurt, Germany</div><div id="a191385" style="position:absolute;font-family:'Frutiger 47 CN';left:310.782px;top:99.5px;">Global Wealth Management</div><div id="a191387" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:470.248px;top:99.5px;">EUR </div><div id="a191389_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:527.502px;top:99.5px;">446.0</div><div id="a191392_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:99.5px;">100.0</div><div id="a191395" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:115.6px;">UBS Financial Services Inc.</div><div id="a191398" style="position:absolute;font-family:'Frutiger 47 CN';left:155.582px;top:115.6px;">Wilmington, Delaware, USA</div><div id="a191400" style="position:absolute;font-family:'Frutiger 47 CN';left:310.782px;top:115.6px;">Global Wealth Management</div><div id="a191402" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:469.782px;top:115.6px;">USD </div><div id="a191404_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:537.435px;top:115.6px;">0.0</div><div id="a191407_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:115.6px;">100.0</div><div id="a191410" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:132.2px;">UBS Securities LLC</div><div id="a191412" style="position:absolute;font-family:'Frutiger 47 CN';left:155.582px;top:132.2px;">Wilmington, Delaware, USA</div><div id="a191414" style="position:absolute;font-family:'Frutiger 47 CN';left:310.782px;top:132.2px;">Investment Bank</div><div id="a191416" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:469.782px;top:132.2px;">USD </div><div id="a191418_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.568px;top:132.2px;">1,283.1</div><div id="a191420" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:545.942px;top:132.8px;">3</div><div id="a191422_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:132.2px;">100.0</div><div id="a191425" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:148.7px;">UBS Switzerland AG</div><div id="a191427" style="position:absolute;font-family:'Frutiger 47 CN';left:155.582px;top:148.7px;">Zurich, Switzerland</div><div id="a191429" style="position:absolute;font-family:'Frutiger 47 CN';left:310.782px;top:148.7px;">Personal &amp; Corporate Banking</div><div id="a191431" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:470.248px;top:148.7px;">CHF </div><div id="a191433_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.235px;top:148.7px;">10.0</div><div id="a191436_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:148.7px;">100.0</div><div id="a191439" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:163.7px;">1 Includes direct<div style="display:inline-block;width:3.81px"> </div>and indirect<div style="display:inline-block;width:4.11px"> </div>subsidiaries of<div style="display:inline-block;width:3.78px"> </div>UBS AG.<div style="display:inline-block;width:11.19px"> </div>2 Consists<div style="display:inline-block;width:3.44px"> </div>of common<div style="display:inline-block;width:3.91px"> </div>share capital<div style="display:inline-block;width:3.8px"> </div>of USD </div><div id="a191439_100_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:325.378px;top:163.7px;">1,000</div><div id="a191439_105_47" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:344.294px;top:163.7px;"><div style="display:inline-block;width:2.36px"> </div>and non-voting<div style="display:inline-block;width:3.87px"> </div>preferred share<div style="display:inline-block;width:3.8px"> </div>capital of<div style="display:inline-block;width:3.95px"> </div>USD </div><div id="a191439_152_13" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:497.144px;top:163.7px;">5,150,000,000</div><div id="a191439_165_43" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:545.38px;top:163.7px;">.<div style="display:inline-block;width:9.3px"> </div>3 Consists<div style="display:inline-block;width:3.91px"> </div>of common<div style="display:inline-block;width:3.44px"> </div>share capital<div style="display:inline-block;width:3.8px"> </div>of </div><div id="a191447" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:174.1px;">USD </div><div id="a191447_4_7" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.812px;top:174.1px;">100,000</div><div id="a191447_11_47" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:46.241px;top:174.1px;"><div style="display:inline-block;width:1.89px"> </div>and non-voting preferred<div style="display:inline-block;width:3.53px"> </div>share capital of USD </div><div id="a191447_58_13" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:194.827px;top:174.1px;">1,283,000,000</div><div id="a191447_71_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:243.063px;top:174.1px;">.</div></div><div id="TextBlockContainer1686" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:60px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a191456" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Other subsidiaries </div><div id="a191459" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.1px;">The table below<div style="display:inline-block;width:5.96px"> </div>lists other direct<div style="display:inline-block;width:5.07px"> </div>and indirect<div style="display:inline-block;width:5.16px"> </div>subsidiaries of<div style="display:inline-block;width:5.17px"> </div>UBS AG<div style="display:inline-block;width:5.24px"> </div>that are not<div style="display:inline-block;width:5.64px"> </div>individually significant but<div style="display:inline-block;width:5.38px"> </div>contribute </div><div id="a191460" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.7px;">to<div style="display:inline-block;width:6.67px"> </div>UBS<div style="display:inline-block;width:6.98px"> </div>AG’s<div style="display:inline-block;width:6.82px"> </div>total<div style="display:inline-block;width:6.41px"> </div>assets<div style="display:inline-block;width:7.09px"> </div>and<div style="display:inline-block;width:7.03px"> </div>aggregated<div style="display:inline-block;width:7.36px"> </div>profit<div style="display:inline-block;width:6.7px"> </div>before<div style="display:inline-block;width:7.43px"> </div>tax<div style="display:inline-block;width:6.74px"> </div>thresholds<div style="display:inline-block;width:7.36px"> </div>and<div style="display:inline-block;width:7.03px"> </div>are<div style="display:inline-block;width:6.71px"> </div>thus<div style="display:inline-block;width:7.39px"> </div>disclosed<div style="display:inline-block;width:7.24px"> </div>in<div style="display:inline-block;width:6.72px"> </div>accordance<div style="display:inline-block;width:6.71px"> </div>with </div><div id="a191462" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:45.9px;">requirements set by the SEC.</div></div><div id="TextBlockContainer1690" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:311px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1688_XBRL_TS_a14dc4177ad2467d95ba155084502a23" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1689" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:311px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a191466" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Other subsidiaries of UBS AG as of 31 December<div style="display:inline-block;width:4.3px"> </div>2022 </div><div id="a191472" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:28.5px;">Company </div><div id="a191474" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:213.782px;top:28.5px;">Registered office </div><div id="a191476" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:353.848px;top:28.5px;">Primary business </div><div id="a191478" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.022px;top:28.5px;">Share capital in million </div><div id="a191480" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:627.355px;top:16.7px;">Equity interest<div style="display:inline-block;width:2.65px"> </div></div><div id="a191482" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.155px;top:28.5px;">accumulated in % </div><div id="a191484" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:42.3px;">UBS Asset Management (Americas) Inc.</div><div id="a191486" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:42.3px;">Wilmington, Delaware, USA</div><div id="a191488" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:42.3px;">Asset Management</div><div id="a191490" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:42.3px;">USD </div><div id="a191492_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:42.3px;">0.0</div><div id="a191495_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:42.3px;">100.0</div><div id="a191498" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:58.8px;">UBS Asset Management (Hong Kong) Limited</div><div id="a191500" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:58.8px;">Hong Kong SAR, China</div><div id="a191500_20_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:297.959px;top:58.8px;"><div style="display:inline-block;width:2.42px"> </div></div><div id="a191502" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:58.8px;">Asset Management</div><div id="a191504" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.435px;top:58.8px;">HKD </div><div id="a191506_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:58.8px;">153.8</div><div id="a191509_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:58.8px;">100.0</div><div id="a191512" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:74.9px;">UBS Asset Management Life Ltd</div><div id="a191514" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:74.9px;">London, United Kingdom</div><div id="a191516" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:74.9px;">Asset Management</div><div id="a191518" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:74.9px;">GBP </div><div id="a191520_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.315px;top:74.9px;">15.0</div><div id="a191523_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:74.9px;">100.0</div><div id="a191526" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:91.5px;">UBS Asset Management Switzerland AG</div><div id="a191529" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:91.5px;">Zurich, Switzerland</div><div id="a191531" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:91.5px;">Asset Management</div><div id="a191533" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:503.382px;top:91.5px;">CHF </div><div id="a191535_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:91.5px;">0.5</div><div id="a191538_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:91.5px;">100.0</div><div id="a191541" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:107.5px;">UBS Business Solutions US LLC</div><div id="a191543" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:107.5px;">Wilmington, Delaware, USA</div><div id="a191545" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:107.5px;">Group Functions</div><div id="a191547" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:107.5px;">USD </div><div id="a191549_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:107.5px;">0.0</div><div id="a191552_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:107.5px;">100.0</div><div id="a191555" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:124.1px;">UBS Credit Corp.</div><div id="a191557" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:124.1px;">Wilmington, Delaware, USA</div><div id="a191559" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:124.1px;">Global Wealth Management</div><div id="a191561" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:124.1px;">USD </div><div id="a191563_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:124.1px;">0.0</div><div id="a191566_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:124.1px;">100.0</div><div id="a191569" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:140.7px;">UBS (France) S.A.</div><div id="a191571" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:140.7px;">Paris, France</div><div id="a191573" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:140.7px;">Global Wealth Management</div><div id="a191575" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:503.382px;top:140.7px;">EUR </div><div id="a191577_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:140.7px;">197.0</div><div id="a191580_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:140.7px;">100.0</div><div id="a191583" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:156.7px;">UBS Fund Management (Luxembourg) S.A.</div><div id="a191585" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:156.7px;">Luxembourg, Luxembourg</div><div id="a191587" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:156.7px;">Asset Management</div><div id="a191589" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:503.382px;top:156.7px;">EUR </div><div id="a191591_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.315px;top:156.7px;">13.0</div><div id="a191594_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:156.7px;">100.0</div><div id="a191597" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:173.3px;">UBS Fund Management (Switzerland) AG</div><div id="a191599" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:173.3px;">Basel, Switzerland</div><div id="a191601" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:173.3px;">Asset Management</div><div id="a191604" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:503.382px;top:173.3px;">CHF </div><div id="a191606_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:173.3px;">1.0</div><div id="a191609_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:173.3px;">100.0</div><div id="a191612" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:189.4px;">UBS (Monaco) S.A.</div><div id="a191614" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:189.4px;">Monte Carlo, Monaco</div><div id="a191616" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:189.4px;">Global Wealth Management</div><div id="a191618" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:503.382px;top:189.4px;">EUR </div><div id="a191620_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.315px;top:189.4px;">49.2</div><div id="a191623_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:189.4px;">100.0</div><div id="a191626" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:206px;">UBS O‘Connor LLC</div><div id="a191628" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:206px;">Wilmington, Delaware, USA</div><div id="a191630" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:206px;">Asset Management</div><div id="a191632" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:206px;">USD </div><div id="a191634_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:206px;">1.0</div><div id="a191637_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:206px;">100.0</div><div id="a191640" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:222px;">UBS Realty Investors LLC</div><div id="a191642" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:222px;">Boston, Massachusetts, USA</div><div id="a191644" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:222px;">Asset Management</div><div id="a191647" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:222px;">USD </div><div id="a191649_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:222px;">9.0</div><div id="a191652_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:222px;">100.0</div><div id="a191655" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:238.6px;">UBS Securities Australia Ltd</div><div id="a191657" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:238.6px;">Sydney, Australia</div><div id="a191659" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:238.6px;">Investment Bank</div><div id="a191661" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.488px;top:238.6px;">AUD </div><div id="a191663_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.208px;top:238.6px;">0.3</div><div id="a191665" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:580.022px;top:239.2px;">1</div><div id="a191667_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:238.6px;">100.0</div><div id="a191670" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:254.7px;">UBS Securities Hong Kong Limited</div><div id="a191672" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:254.7px;">Hong Kong SAR, China</div><div id="a191672_20_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:297.959px;top:254.7px;"><div style="display:inline-block;width:2.42px"> </div></div><div id="a191674" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:254.7px;">Investment Bank</div><div id="a191676" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.435px;top:254.7px;">HKD </div><div id="a191678_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:554.488px;top:254.7px;">3,354.2</div><div id="a191681_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:254.7px;">100.0</div><div id="a191684" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:271.3px;">UBS Securities Japan Co., Ltd.</div><div id="a191686" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:271.3px;">Tokyo, Japan</div><div id="a191688" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:271.3px;">Investment Bank</div><div id="a191690" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.755px;top:271.3px;">JPY </div><div id="a191692_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:271.3px;">34,708.7</div><div id="a191695_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:271.3px;">100.0</div><div id="a191698" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:287.3px;">UBS SuMi TRUST Wealth Management Co., Ltd.</div><div id="a191700" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:287.3px;">Tokyo, Japan</div><div id="a191702" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:287.3px;">Global Wealth Management</div><div id="a191704" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.755px;top:287.3px;">JPY </div><div id="a191706_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:554.488px;top:287.3px;">5,165.0</div><div id="a191709_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:287.3px;">51.0</div><div id="a191712" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:302.8px;">1 Includes a nominal amount relating<div style="display:inline-block;width:3.64px"> </div>to redeemable preference<div style="display:inline-block;width:3.79px"> </div>shares.</div></div></div></div><div id="TextBlockContainer1692" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:128px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a191715" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Consolidated structured entities </div><div id="a191719" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.2px;">Consolidated<div style="display:inline-block;width:7px"> </div>structured<div style="display:inline-block;width:6.23px"> </div>entities<div style="display:inline-block;width:5.88px"> </div>(SEs)<div style="display:inline-block;width:6.41px"> </div>include<div style="display:inline-block;width:6.34px"> </div>certain<div style="display:inline-block;width:5.74px"> </div>investment<div style="display:inline-block;width:6.31px"> </div>funds,<div style="display:inline-block;width:6.75px"> </div>securitization<div style="display:inline-block;width:6.57px"> </div>vehicles<div style="display:inline-block;width:5.79px"> </div>and<div style="display:inline-block;width:6.55px"> </div>client<div style="display:inline-block;width:5.79px"> </div>investment </div><div id="a191720" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.8px;">vehicles. UBS AG has no individually significant<div style="display:inline-block;width:5.4px"> </div>subsidiaries that are SEs. </div><div id="a191725" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.5px;">In 2022 and<div style="display:inline-block;width:5.37px"> </div>2021,<div style="display:inline-block;width:3.75px"> </div>UBS AG did not<div style="display:inline-block;width:5.08px"> </div>enter into any contractual o<div style="display:inline-block;width:1.37px"> </div>bligation that<div style="display:inline-block;width:5.07px"> </div>could require UBS<div style="display:inline-block;width:5.22px"> </div>AG to provide financial </div><div id="a191740" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:68.6px;">support<div style="display:inline-block;width:5.28px"> </div>to consolidated<div style="display:inline-block;width:5.85px"> </div>SEs. In<div style="display:inline-block;width:5.08px"> </div>addition, UBS<div style="display:inline-block;width:5.9px"> </div>AG did<div style="display:inline-block;width:5.21px"> </div>not provide<div style="display:inline-block;width:5.94px"> </div>support, financial<div style="display:inline-block;width:5.23px"> </div>or otherwise,<div style="display:inline-block;width:6.08px"> </div>to a<div style="display:inline-block;width:5.36px"> </div>consolidated SE </div><div id="a191744" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:83.8px;">when<div style="display:inline-block;width:5.27px"> </div>UBS<div style="display:inline-block;width:5.08px"> </div>AG was<div style="display:inline-block;width:6.01px"> </div>not contractually<div style="display:inline-block;width:5.84px"> </div>obligated<div style="display:inline-block;width:5.18px"> </div>to do<div style="display:inline-block;width:6.23px"> </div>so,<div style="display:inline-block;width:5.08px"> </div>nor<div style="display:inline-block;width:5.14px"> </div>does<div style="display:inline-block;width:5.18px"> </div>UBS<div style="display:inline-block;width:5.08px"> </div>AG have<div style="display:inline-block;width:5.9px"> </div>any<div style="display:inline-block;width:4.75px"> </div>intention<div style="display:inline-block;width:5.03px"> </div>to do<div style="display:inline-block;width:6.23px"> </div>so in<div style="display:inline-block;width:6.13px"> </div>the future. </div><div id="a191758" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.4px;">Furthermore,<div style="display:inline-block;width:4.3px"> </div>UBS AG did not<div style="display:inline-block;width:5.08px"> </div>provide support, financial<div style="display:inline-block;width:5.24px"> </div>or otherwise,<div style="display:inline-block;width:5.13px"> </div>to a previously<div style="display:inline-block;width:5.11px"> </div>unconsolidated SE that<div style="display:inline-block;width:5.26px"> </div>resulted in </div><div id="a191764" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:114.5px;">UBS AG controlling the SE<div style="display:inline-block;width:5.11px"> </div>during the reporting period.</div></div> <div id="TextBlockContainer1684" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:687px;height:183px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1682_XBRL_TS_e612199cf8584ad1ab263a523cc99329" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1683" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:687px;height:183px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a191306" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:2.8px;">Individually significant subsidiaries<div style="display:inline-block;width:4.1px"> </div>of UBS AG as of 31 December 2022</div><div id="a191307" style="position:absolute;font-family:'Frutiger';font-size:6.148px;font-weight:bold;font-style:normal;left:334.902px;top:3.5px;">1</div><div id="a191312" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:18.6px;">Company </div><div id="a191314" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:155.582px;top:18.6px;">Registered office </div><div id="a191316" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:310.782px;top:18.6px;">Primary business </div><div id="a191319" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:466.462px;top:18.6px;">Share capital in million </div><div id="a191321" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:560.168px;top:18.6px;">Equity interest accumulated in % </div><div id="a191323" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:34.2px;">UBS Americas Holding LLC</div><div id="a191325" style="position:absolute;font-family:'Frutiger 47 CN';left:155.582px;top:34.2px;">Wilmington, Delaware, USA</div><div id="a191327" style="position:absolute;font-family:'Frutiger 47 CN';left:310.782px;top:34.2px;">Group Functions</div><div id="a191329" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:469.782px;top:34.2px;">USD </div><div id="a191331_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.568px;top:34.2px;">5,150.0</div><div id="a191333" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:545.942px;top:34.9px;">2</div><div id="a191335_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:34.2px;">100.0</div><div id="a191338" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:50.3px;">UBS Americas Inc.</div><div id="a191340" style="position:absolute;font-family:'Frutiger 47 CN';left:155.582px;top:50.3px;">Wilmington, Delaware, USA</div><div id="a191342" style="position:absolute;font-family:'Frutiger 47 CN';left:310.782px;top:50.3px;">Group Functions</div><div id="a191344" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:469.782px;top:50.3px;">USD </div><div id="a191346_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:537.435px;top:50.3px;">0.0</div><div id="a191349_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:50.3px;">100.0</div><div id="a191352" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:66.9px;">UBS Asset Management AG</div><div id="a191355" style="position:absolute;font-family:'Frutiger 47 CN';left:155.582px;top:66.9px;">Zurich, Switzerland</div><div id="a191357" style="position:absolute;font-family:'Frutiger 47 CN';left:310.782px;top:66.9px;">Asset Management</div><div id="a191359" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:470.248px;top:66.9px;">CHF </div><div id="a191361_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.235px;top:66.9px;">43.2</div><div id="a191364_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:66.9px;">100.0</div><div id="a191367" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:82.9px;">UBS Bank USA</div><div id="a191369" style="position:absolute;font-family:'Frutiger 47 CN';left:155.582px;top:82.9px;">Salt Lake City, Utah, USA</div><div id="a191371" style="position:absolute;font-family:'Frutiger 47 CN';left:310.782px;top:82.9px;">Global Wealth Management</div><div id="a191373" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:469.782px;top:82.9px;">USD </div><div id="a191375_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:537.435px;top:82.9px;">0.0</div><div id="a191378_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:82.9px;">100.0</div><div id="a191381" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:99.5px;">UBS Europe SE</div><div id="a191383" style="position:absolute;font-family:'Frutiger 47 CN';left:155.582px;top:99.5px;">Frankfurt, Germany</div><div id="a191385" style="position:absolute;font-family:'Frutiger 47 CN';left:310.782px;top:99.5px;">Global Wealth Management</div><div id="a191387" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:470.248px;top:99.5px;">EUR </div><div id="a191389_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:527.502px;top:99.5px;">446.0</div><div id="a191392_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:99.5px;">100.0</div><div id="a191395" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:115.6px;">UBS Financial Services Inc.</div><div id="a191398" style="position:absolute;font-family:'Frutiger 47 CN';left:155.582px;top:115.6px;">Wilmington, Delaware, USA</div><div id="a191400" style="position:absolute;font-family:'Frutiger 47 CN';left:310.782px;top:115.6px;">Global Wealth Management</div><div id="a191402" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:469.782px;top:115.6px;">USD </div><div id="a191404_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:537.435px;top:115.6px;">0.0</div><div id="a191407_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:115.6px;">100.0</div><div id="a191410" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:132.2px;">UBS Securities LLC</div><div id="a191412" style="position:absolute;font-family:'Frutiger 47 CN';left:155.582px;top:132.2px;">Wilmington, Delaware, USA</div><div id="a191414" style="position:absolute;font-family:'Frutiger 47 CN';left:310.782px;top:132.2px;">Investment Bank</div><div id="a191416" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:469.782px;top:132.2px;">USD </div><div id="a191418_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:517.568px;top:132.2px;">1,283.1</div><div id="a191420" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:545.942px;top:132.8px;">3</div><div id="a191422_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:132.2px;">100.0</div><div id="a191425" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:148.7px;">UBS Switzerland AG</div><div id="a191427" style="position:absolute;font-family:'Frutiger 47 CN';left:155.582px;top:148.7px;">Zurich, Switzerland</div><div id="a191429" style="position:absolute;font-family:'Frutiger 47 CN';left:310.782px;top:148.7px;">Personal &amp; Corporate Banking</div><div id="a191431" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:470.248px;top:148.7px;">CHF </div><div id="a191433_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:532.235px;top:148.7px;">10.0</div><div id="a191436_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:148.7px;">100.0</div><div id="a191439" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:163.7px;">1 Includes direct<div style="display:inline-block;width:3.81px"> </div>and indirect<div style="display:inline-block;width:4.11px"> </div>subsidiaries of<div style="display:inline-block;width:3.78px"> </div>UBS AG.<div style="display:inline-block;width:11.19px"> </div>2 Consists<div style="display:inline-block;width:3.44px"> </div>of common<div style="display:inline-block;width:3.91px"> </div>share capital<div style="display:inline-block;width:3.8px"> </div>of USD </div><div id="a191439_100_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:325.378px;top:163.7px;">1,000</div><div id="a191439_105_47" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:344.294px;top:163.7px;"><div style="display:inline-block;width:2.36px"> </div>and non-voting<div style="display:inline-block;width:3.87px"> </div>preferred share<div style="display:inline-block;width:3.8px"> </div>capital of<div style="display:inline-block;width:3.95px"> </div>USD </div><div id="a191439_152_13" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:497.144px;top:163.7px;">5,150,000,000</div><div id="a191439_165_43" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:545.38px;top:163.7px;">.<div style="display:inline-block;width:9.3px"> </div>3 Consists<div style="display:inline-block;width:3.91px"> </div>of common<div style="display:inline-block;width:3.44px"> </div>share capital<div style="display:inline-block;width:3.8px"> </div>of </div><div id="a191447" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:174.1px;">USD </div><div id="a191447_4_7" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:18.812px;top:174.1px;">100,000</div><div id="a191447_11_47" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:46.241px;top:174.1px;"><div style="display:inline-block;width:1.89px"> </div>and non-voting preferred<div style="display:inline-block;width:3.53px"> </div>share capital of USD </div><div id="a191447_58_13" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:194.827px;top:174.1px;">1,283,000,000</div><div id="a191447_71_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:243.063px;top:174.1px;">.</div></div></div></div> UBS Americas Holding LLC Wilmington, Delaware, USA Group Functions 5150000000.0 1.000 UBS Americas Inc. Wilmington, Delaware, USA Group Functions 0.0 1.000 UBS Asset Management AG Zurich, Switzerland Asset Management 43200000 1.000 UBS Bank USA Salt Lake City, Utah, USA Global Wealth Management 0.0 1.000 UBS Europe SE Frankfurt, Germany Global Wealth Management 446000000.0 1.000 UBS Financial Services Inc. Wilmington, Delaware, USA Global Wealth Management 0.0 1.000 UBS Securities LLC Wilmington, Delaware, USA Investment Bank 1283100000 1.000 UBS Switzerland AG Zurich, Switzerland Personal & Corporate Banking 10000000.0 1.000 1000 5150000000 100000 1283000000 <div id="TextBlockContainer1689" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:689px;height:311px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a191466" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Other subsidiaries of UBS AG as of 31 December<div style="display:inline-block;width:4.3px"> </div>2022 </div><div id="a191472" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:28.5px;">Company </div><div id="a191474" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:213.782px;top:28.5px;">Registered office </div><div id="a191476" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:353.848px;top:28.5px;">Primary business </div><div id="a191478" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.022px;top:28.5px;">Share capital in million </div><div id="a191480" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:627.355px;top:16.7px;">Equity interest<div style="display:inline-block;width:2.65px"> </div></div><div id="a191482" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:613.155px;top:28.5px;">accumulated in % </div><div id="a191484" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:42.3px;">UBS Asset Management (Americas) Inc.</div><div id="a191486" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:42.3px;">Wilmington, Delaware, USA</div><div id="a191488" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:42.3px;">Asset Management</div><div id="a191490" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:42.3px;">USD </div><div id="a191492_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:42.3px;">0.0</div><div id="a191495_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:42.3px;">100.0</div><div id="a191498" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:58.8px;">UBS Asset Management (Hong Kong) Limited</div><div id="a191500" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:58.8px;">Hong Kong SAR, China</div><div id="a191500_20_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:297.959px;top:58.8px;"><div style="display:inline-block;width:2.42px"> </div></div><div id="a191502" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:58.8px;">Asset Management</div><div id="a191504" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.435px;top:58.8px;">HKD </div><div id="a191506_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:58.8px;">153.8</div><div id="a191509_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:58.8px;">100.0</div><div id="a191512" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:74.9px;">UBS Asset Management Life Ltd</div><div id="a191514" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:74.9px;">London, United Kingdom</div><div id="a191516" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:74.9px;">Asset Management</div><div id="a191518" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:74.9px;">GBP </div><div id="a191520_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.315px;top:74.9px;">15.0</div><div id="a191523_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:74.9px;">100.0</div><div id="a191526" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:91.5px;">UBS Asset Management Switzerland AG</div><div id="a191529" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:91.5px;">Zurich, Switzerland</div><div id="a191531" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:91.5px;">Asset Management</div><div id="a191533" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:503.382px;top:91.5px;">CHF </div><div id="a191535_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:91.5px;">0.5</div><div id="a191538_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:91.5px;">100.0</div><div id="a191541" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:107.5px;">UBS Business Solutions US LLC</div><div id="a191543" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:107.5px;">Wilmington, Delaware, USA</div><div id="a191545" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:107.5px;">Group Functions</div><div id="a191547" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:107.5px;">USD </div><div id="a191549_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:107.5px;">0.0</div><div id="a191552_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:107.5px;">100.0</div><div id="a191555" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:124.1px;">UBS Credit Corp.</div><div id="a191557" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:124.1px;">Wilmington, Delaware, USA</div><div id="a191559" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:124.1px;">Global Wealth Management</div><div id="a191561" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:124.1px;">USD </div><div id="a191563_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:124.1px;">0.0</div><div id="a191566_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:124.1px;">100.0</div><div id="a191569" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:140.7px;">UBS (France) S.A.</div><div id="a191571" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:140.7px;">Paris, France</div><div id="a191573" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:140.7px;">Global Wealth Management</div><div id="a191575" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:503.382px;top:140.7px;">EUR </div><div id="a191577_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:561.582px;top:140.7px;">197.0</div><div id="a191580_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:140.7px;">100.0</div><div id="a191583" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:156.7px;">UBS Fund Management (Luxembourg) S.A.</div><div id="a191585" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:156.7px;">Luxembourg, Luxembourg</div><div id="a191587" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:156.7px;">Asset Management</div><div id="a191589" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:503.382px;top:156.7px;">EUR </div><div id="a191591_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.315px;top:156.7px;">13.0</div><div id="a191594_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:156.7px;">100.0</div><div id="a191597" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:173.3px;">UBS Fund Management (Switzerland) AG</div><div id="a191599" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:173.3px;">Basel, Switzerland</div><div id="a191601" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:173.3px;">Asset Management</div><div id="a191604" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:503.382px;top:173.3px;">CHF </div><div id="a191606_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:173.3px;">1.0</div><div id="a191609_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:173.3px;">100.0</div><div id="a191612" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:189.4px;">UBS (Monaco) S.A.</div><div id="a191614" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:189.4px;">Monte Carlo, Monaco</div><div id="a191616" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:189.4px;">Global Wealth Management</div><div id="a191618" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:503.382px;top:189.4px;">EUR </div><div id="a191620_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.315px;top:189.4px;">49.2</div><div id="a191623_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:189.4px;">100.0</div><div id="a191626" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:206px;">UBS O‘Connor LLC</div><div id="a191628" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:206px;">Wilmington, Delaware, USA</div><div id="a191630" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:206px;">Asset Management</div><div id="a191632" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:206px;">USD </div><div id="a191634_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:206px;">1.0</div><div id="a191637_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:206px;">100.0</div><div id="a191640" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:222px;">UBS Realty Investors LLC</div><div id="a191642" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:222px;">Boston, Massachusetts, USA</div><div id="a191644" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:222px;">Asset Management</div><div id="a191647" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.915px;top:222px;">USD </div><div id="a191649_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:222px;">9.0</div><div id="a191652_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:222px;">100.0</div><div id="a191655" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:238.6px;">UBS Securities Australia Ltd</div><div id="a191657" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:238.6px;">Sydney, Australia</div><div id="a191659" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:238.6px;">Investment Bank</div><div id="a191661" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.488px;top:238.6px;">AUD </div><div id="a191663_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:568.208px;top:238.6px;">0.3</div><div id="a191665" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:580.022px;top:239.2px;">1</div><div id="a191667_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:238.6px;">100.0</div><div id="a191670" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:254.7px;">UBS Securities Hong Kong Limited</div><div id="a191672" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:254.7px;">Hong Kong SAR, China</div><div id="a191672_20_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:297.959px;top:254.7px;"><div style="display:inline-block;width:2.42px"> </div></div><div id="a191674" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:254.7px;">Investment Bank</div><div id="a191676" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.435px;top:254.7px;">HKD </div><div id="a191678_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:554.488px;top:254.7px;">3,354.2</div><div id="a191681_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:254.7px;">100.0</div><div id="a191684" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:271.3px;">UBS Securities Japan Co., Ltd.</div><div id="a191686" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:271.3px;">Tokyo, Japan</div><div id="a191688" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:271.3px;">Investment Bank</div><div id="a191690" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.755px;top:271.3px;">JPY </div><div id="a191692_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:549.755px;top:271.3px;">34,708.7</div><div id="a191695_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:271.3px;">100.0</div><div id="a191698" style="position:absolute;font-family:'Frutiger 47 CN';left:3.679px;top:287.3px;">UBS SuMi TRUST Wealth Management Co., Ltd.</div><div id="a191700" style="position:absolute;font-family:'Frutiger 47 CN';left:213.782px;top:287.3px;">Tokyo, Japan</div><div id="a191702" style="position:absolute;font-family:'Frutiger 47 CN';left:353.848px;top:287.3px;">Global Wealth Management</div><div id="a191704" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:505.755px;top:287.3px;">JPY </div><div id="a191706_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:554.488px;top:287.3px;">5,165.0</div><div id="a191709_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.902px;top:287.3px;">51.0</div><div id="a191712" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:302.8px;">1 Includes a nominal amount relating<div style="display:inline-block;width:3.64px"> </div>to redeemable preference<div style="display:inline-block;width:3.79px"> </div>shares.</div></div> UBS Asset Management (Americas) Inc. Wilmington, Delaware, USA Asset Management 0.0 1.000 UBS Asset Management (Hong Kong) Limited Hong Kong SAR, China Asset Management 153800000 1.000 UBS Asset Management Life Ltd London, United Kingdom Asset Management 15000000.0 1.000 UBS Asset Management Switzerland AG Zurich, Switzerland Asset Management 500000 1.000 UBS Business Solutions US LLC Wilmington, Delaware, USA Group Functions 0.0 1.000 UBS Credit Corp. Wilmington, Delaware, USA Global Wealth Management 0.0 1.000 UBS (France) S.A. Paris, France Global Wealth Management 197000000.0 1.000 UBS Fund Management (Luxembourg) S.A. Luxembourg, Luxembourg Asset Management 13000000.0 1.000 UBS Fund Management (Switzerland) AG Basel, Switzerland Asset Management 1000000.0 1.000 UBS (Monaco) S.A. Monte Carlo, Monaco Global Wealth Management 49200000 1.000 UBS O‘Connor LLC Wilmington, Delaware, USA Asset Management 1000000.0 1.000 UBS Realty Investors LLC Boston, Massachusetts, USA Asset Management 9000000.0 1.000 UBS Securities Australia Ltd Sydney, Australia Investment Bank 300000 1.000 UBS Securities Hong Kong Limited Hong Kong SAR, China Investment Bank 3354200000 1.000 UBS Securities Japan Co., Ltd. Tokyo, Japan Investment Bank 34708700000 1.000 UBS SuMi TRUST Wealth Management Co., Ltd. Tokyo, Japan Global Wealth Management 5165000000.0 0.510 <div id="TextBlockContainer1694" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:185px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a191800" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 28<div style="display:inline-block;width:8.21px"> </div>Interests in subsidiaries and other entities<div style="display:inline-block;width:5.26px"> </div>(continued) </div><div id="a191807" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:9.8px;"> </div><div id="a191808" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:4.905px;top:29.8px;">b) Interests in associates and<div style="display:inline-block;width:5.11px"> </div>joint ventures </div><div id="a191813" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:57.6px;">As of 31 December 2022<div style="display:inline-block;width:5.61px"> </div>and 2021,<div style="display:inline-block;width:4.76px"> </div>no associate or joint venture<div style="display:inline-block;width:5.14px"> </div>was individually material<div style="display:inline-block;width:5.25px"> </div>to UBS AG. Also,<div style="display:inline-block;width:5.32px"> </div>there were </div><div id="a191828" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:72.7px;">no significant<div style="display:inline-block;width:5.07px"> </div>restrictions on<div style="display:inline-block;width:5.9px"> </div>the ability of<div style="display:inline-block;width:5.04px"> </div>associates or<div style="display:inline-block;width:5.72px"> </div>joint ventures<div style="display:inline-block;width:5.79px"> </div>to transfer funds<div style="display:inline-block;width:6.55px"> </div>to UBS<div style="display:inline-block;width:5.24px"> </div>AG or its<div style="display:inline-block;width:5.3px"> </div>subsidiaries as </div><div id="a191833" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:88.3px;">cash<div style="display:inline-block;width:5.25px"> </div>dividends<div style="display:inline-block;width:5.65px"> </div>or<div style="display:inline-block;width:5.31px"> </div>to<div style="display:inline-block;width:5.25px"> </div>repay<div style="display:inline-block;width:5.76px"> </div>loans<div style="display:inline-block;width:5.55px"> </div>or<div style="display:inline-block;width:5.25px"> </div>advances<div style="display:inline-block;width:5.72px"> </div>made.<div style="display:inline-block;width:5.36px"> </div>There<div style="display:inline-block;width:5.96px"> </div>were<div style="display:inline-block;width:5.39px"> </div>no<div style="display:inline-block;width:5.61px"> </div>quoted<div style="display:inline-block;width:5.86px"> </div>market<div style="display:inline-block;width:5.21px"> </div>prices<div style="display:inline-block;width:5.47px"> </div>for<div style="display:inline-block;width:5.1px"> </div>any<div style="display:inline-block;width:5.67px"> </div>associates<div style="display:inline-block;width:5.56px"> </div>or<div style="display:inline-block;width:5.25px"> </div>joint </div><div id="a191836" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:103.4px;">ventures of UBS AG. </div><div id="a191841" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:126.1px;">In 2022, UBS AG reclassified its minority investment (</div><div id="a191841_54_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:304.442px;top:126.1px;">49</div><div id="a191841_56_67" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:319.575px;top:126.1px;">%) in its Japanese real estate joint venture, Mitsubishi Corp.-UBS </div><div id="a191849" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:141.3px;">Realty Inc.,<div style="display:inline-block;width:6.57px"> </div>of<div style="display:inline-block;width:5.25px"> </div>USD </div><div id="a191849_20_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:117.992px;top:141.3px;">44</div><div id="a191849_22_5" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:133.152px;top:141.3px;">m<div style="display:inline-block;width:5.05px"> </div>to </div><div id="a191854" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:166.258px;top:141px;">Properties<div style="display:inline-block;width:5.09px"> </div>and<div style="display:inline-block;width:5.61px"> </div>other<div style="display:inline-block;width:5.3px"> </div>non-current<div style="display:inline-block;width:5.49px"> </div>assets<div style="display:inline-block;width:5.2px"> </div>held<div style="display:inline-block;width:5.5px"> </div>for<div style="display:inline-block;width:5.1px"> </div>sale</div><div id="a191857" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:472.898px;top:141.3px;"><div style="display:inline-block;width:5.2px"> </div>and<div style="display:inline-block;width:5.61px"> </div>sold<div style="display:inline-block;width:5.08px"> </div>the<div style="display:inline-block;width:5.25px"> </div>shareholding.<div style="display:inline-block;width:6.07px"> </div>The sale </div><div id="a191863" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:156.9px;">resulted in<div style="display:inline-block;width:5.21px"> </div>a pre-tax gain<div style="display:inline-block;width:5.08px"> </div>of USD </div><div id="a191863_34_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:196.085px;top:156.9px;">848</div><div id="a191863_37_35" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:218.311px;top:156.9px;">m in 2022, which<div style="display:inline-block;width:5.63px"> </div>was recognized in </div><div id="a191868" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:430.298px;top:156.7px;">Other income</div><div id="a191869" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:507.925px;top:156.9px;">. UBS<div style="display:inline-block;width:5.29px"> </div>AG’s asset management, </div><div id="a191870" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:172px;">wealth management and investment banking<div style="display:inline-block;width:5.66px"> </div>businesses operating in Japan<div style="display:inline-block;width:5.07px"> </div>were not affected by the sale.</div></div><div id="TextBlockContainer1698" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:331px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1696_XBRL_TS_27a15e5dcff94d5e83b518ec0a849afa" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1697" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:331px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a191873" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Investments in associates and joint<div style="display:inline-block;width:4.17px"> </div>ventures </div><div id="a191878" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:15.3px;">USD m </div><div id="a191880" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:15.3px;">2022 </div><div id="a191882" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.542px;top:15.3px;">2021 </div><div id="a191884" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:31.4px;">Carrying amount at the beginning of the year </div><div id="a191886_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.008px;top:31.4px;">1,243</div><div id="a191889_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:31.4px;">1,557</div><div id="a191892" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:47.5px;">Additions </div><div id="a191894_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:606.062px;top:47.5px;">3</div><div id="a191897_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.195px;top:47.5px;">1</div><div id="a191900" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:64px;">Reclassifications</div><div id="a191901" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:62.351px;top:64.7px;">1</div><div id="a191903_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.582px;top:64px;display:flex;">(44)</div><div id="a191906_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.542px;top:64px;display:flex;">(386)</div><div id="a191909" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:80.1px;">Share of comprehensive income </div><div id="a191911_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.582px;top:80.1px;display:flex;">(41)</div><div id="a191914_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:80.1px;">150</div><div id="a191917" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:96.7px;">of which: share of net profit</div><div id="a191918" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:113.462px;top:97.3px;">2</div><div id="a191920_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:601.342px;top:96.7px;">32</div><div id="a191923_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:96.7px;">105</div><div id="a191926" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:112.8px;">of which: share of other comprehensive income</div><div id="a191928" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:183.982px;top:113.4px;">3</div><div id="a191930_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:596.582px;top:112.8px;display:flex;">(73)</div><div id="a191933_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.475px;top:112.8px;">45</div><div id="a191936" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:129.3px;">Share of changes in retained earnings </div><div id="a191938_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:606.062px;top:129.3px;">0</div><div id="a191941_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.195px;top:129.3px;">1</div><div id="a191944" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:145.4px;">Dividends received </div><div id="a191946_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.582px;top:145.4px;display:flex;">(31)</div><div id="a191949_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:145.4px;display:flex;">(39)</div><div id="a191952" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:162px;">Foreign currency translation </div><div id="a191954_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.582px;top:162px;display:flex;">(30)</div><div id="a191957_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:162px;display:flex;">(39)</div><div id="a191960" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:178.1px;">Carrying amount at the end of the year </div><div id="a191962_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.008px;top:178.1px;">1,101</div><div id="a191965_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:178.1px;">1,243</div><div id="a191968" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:195.1px;">of which: associates </div><div id="a191970_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:589.008px;top:195.1px;">1,098</div><div id="a191973_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:657.168px;top:195.1px;">1,200</div><div id="a191976" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:211.7px;">of which: SIX Group AG, Zurich</div><div id="a191978" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:135.248px;top:212.3px;">4</div><div id="a191980_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:596.102px;top:211.7px;">954</div><div id="a191983_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:657.168px;top:211.7px;">1,043</div><div id="a191986" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:227.7px;">of which: other associates </div><div id="a191988_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:596.102px;top:227.7px;">144</div><div id="a191991_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:227.7px;">157</div><div id="a191994" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:244.3px;">of which: joint ventures </div><div id="a191996_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:606.062px;top:244.3px;">3</div><div id="a191999_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.475px;top:244.3px;">43</div><div id="a192002" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:260.4px;">of which: Mitsubishi Corp.-UBS Realty Inc.,<div style="display:inline-block;width:3.83px"> </div>Tokyo</div><div id="a192005" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:201.475px;top:261px;">1</div><div id="a192008_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.475px;top:260.4px;">40</div><div id="a192011" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:276.9px;">of which: other joint ventures </div><div id="a192013" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:603.702px;top:276.9px;"><div style="display:inline-block;width:2.36px"> </div>3 </div><div id="a192016" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:276.9px;"><div style="display:inline-block;width:2.36px"> </div>3 </div><div id="a192019" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:292.4px;">1 In 2022, UBS AG reclassified its minority investment (</div><div id="a192019_56_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:175.875px;top:292.4px;">49</div><div id="a192019_58_46" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:184.387px;top:292.4px;">%) in Mitsubishi Corp.-UBS Realty<div style="display:inline-block;width:3.43px"> </div>Inc. of USD </div><div id="a192019_104_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:329.669px;top:292.4px;">44</div><div id="a192019_106_110" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:338.654px;top:292.4px;">m to Properties and other non-current assets held for sale and sold the<div style="display:inline-block;width:3.43px"> </div>investment in the same year. In 2021, </div><div id="a192025" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:302.4px;">UBS AG reclassified<div style="display:inline-block;width:3.94px"> </div>its minority<div style="display:inline-block;width:3.6px"> </div>investment (</div><div id="a192025_45_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:144.604px;top:302.4px;">48.8</div><div id="a192025_49_40" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:159.264px;top:302.4px;">%) in Clearstream<div style="display:inline-block;width:4.1px"> </div>Fund Centre<div style="display:inline-block;width:3.49px"> </div>AG of<div style="display:inline-block;width:3.46px"> </div>USD </div><div id="a192025_89_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:297.518px;top:302.4px;">386</div><div id="a192025_92_116" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:310.287px;top:302.4px;">m to Properties<div style="display:inline-block;width:3.92px"> </div>and other<div style="display:inline-block;width:3.63px"> </div>non-current assets<div style="display:inline-block;width:3.72px"> </div>held for sale<div style="display:inline-block;width:4.1px"> </div>and sold the investment<div style="display:inline-block;width:4.4px"> </div>in the same<div style="display:inline-block;width:3.79px"> </div>year.<div style="display:inline-block;width:10.4px"> </div>2 For 2022, </div><div id="a192029" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:312.8px;">consists of USD </div><div id="a192029_16_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:53.839px;top:312.8px;">27</div><div id="a192029_18_26" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:62.351px;top:312.8px;">m from associates and<div style="display:inline-block;width:3.47px"> </div>USD </div><div id="a192029_44_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:150.784px;top:312.8px;">5</div><div id="a192029_45_49" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:155.04px;top:312.8px;">m from joint ventures (for 2021,<div style="display:inline-block;width:3.66px"> </div>consists of USD </div><div id="a192029_94_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:308.888px;top:312.8px;">79</div><div id="a192029_96_26" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:317.873px;top:312.8px;">m from associates and<div style="display:inline-block;width:3.46px"> </div>USD </div><div id="a192029_122_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:405.833px;top:312.8px;">26</div><div id="a192029_124_64" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:414.411px;top:312.8px;">m from joint ventures).<div style="display:inline-block;width:9.91px"> </div>3 For 2022, consists<div style="display:inline-block;width:4.07px"> </div>of negative USD </div><div id="a192029_188_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:613.635px;top:312.8px;">73</div><div id="a192029_190_18" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:622.147px;top:312.8px;">m from associates </div><div id="a192039" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:322.7px;">(for 2021, consists of USD </div><div id="a192039_27_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:87.448px;top:322.7px;">44</div><div id="a192039_29_26" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:96.433px;top:322.7px;">m from associates and USD </div><div id="a192039_55_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:184.393px;top:322.7px;">1</div><div id="a192039_56_75" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:188.649px;top:322.7px;">m from joint ventures).<div style="display:inline-block;width:9.44px"> </div>4 In 2022, UBS AG’s<div style="display:inline-block;width:3.79px"> </div>equity interest amounted<div style="display:inline-block;width:3.62px"> </div>to </div><div id="a192039_131_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:425.191px;top:322.7px;">17.31</div><div id="a192039_136_51" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:444.107px;top:322.7px;">%. UBS AG is represented<div style="display:inline-block;width:3.95px"> </div>on the Board of Directors.</div></div></div></div> 0.49 -44000000 848000000 <div id="TextBlockContainer1697" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:331px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a191873" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Investments in associates and joint<div style="display:inline-block;width:4.17px"> </div>ventures </div><div id="a191878" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:15.3px;">USD m </div><div id="a191880" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:15.3px;">2022 </div><div id="a191882" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.542px;top:15.3px;">2021 </div><div id="a191884" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:31.4px;">Carrying amount at the beginning of the year </div><div id="a191886_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.008px;top:31.4px;">1,243</div><div id="a191889_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:31.4px;">1,557</div><div id="a191892" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:47.5px;">Additions </div><div id="a191894_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:606.062px;top:47.5px;">3</div><div id="a191897_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.195px;top:47.5px;">1</div><div id="a191900" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:64px;">Reclassifications</div><div id="a191901" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:62.351px;top:64.7px;">1</div><div id="a191903_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.582px;top:64px;display:flex;">(44)</div><div id="a191906_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.542px;top:64px;display:flex;">(386)</div><div id="a191909" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:80.1px;">Share of comprehensive income </div><div id="a191911_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.582px;top:80.1px;display:flex;">(41)</div><div id="a191914_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:80.1px;">150</div><div id="a191917" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:96.7px;">of which: share of net profit</div><div id="a191918" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:113.462px;top:97.3px;">2</div><div id="a191920_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:601.342px;top:96.7px;">32</div><div id="a191923_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:96.7px;">105</div><div id="a191926" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:112.8px;">of which: share of other comprehensive income</div><div id="a191928" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:183.982px;top:113.4px;">3</div><div id="a191930_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:596.582px;top:112.8px;display:flex;">(73)</div><div id="a191933_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.475px;top:112.8px;">45</div><div id="a191936" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:129.3px;">Share of changes in retained earnings </div><div id="a191938_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:606.062px;top:129.3px;">0</div><div id="a191941_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.195px;top:129.3px;">1</div><div id="a191944" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:145.4px;">Dividends received </div><div id="a191946_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.582px;top:145.4px;display:flex;">(31)</div><div id="a191949_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:145.4px;display:flex;">(39)</div><div id="a191952" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:162px;">Foreign currency translation </div><div id="a191954_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.582px;top:162px;display:flex;">(30)</div><div id="a191957_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:162px;display:flex;">(39)</div><div id="a191960" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:178.1px;">Carrying amount at the end of the year </div><div id="a191962_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.008px;top:178.1px;">1,101</div><div id="a191965_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:178.1px;">1,243</div><div id="a191968" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:195.1px;">of which: associates </div><div id="a191970_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:589.008px;top:195.1px;">1,098</div><div id="a191973_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:657.168px;top:195.1px;">1,200</div><div id="a191976" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:211.7px;">of which: SIX Group AG, Zurich</div><div id="a191978" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:135.248px;top:212.3px;">4</div><div id="a191980_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:596.102px;top:211.7px;">954</div><div id="a191983_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:657.168px;top:211.7px;">1,043</div><div id="a191986" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:227.7px;">of which: other associates </div><div id="a191988_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:596.102px;top:227.7px;">144</div><div id="a191991_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:227.7px;">157</div><div id="a191994" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:244.3px;">of which: joint ventures </div><div id="a191996_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:606.062px;top:244.3px;">3</div><div id="a191999_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.475px;top:244.3px;">43</div><div id="a192002" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:260.4px;">of which: Mitsubishi Corp.-UBS Realty Inc.,<div style="display:inline-block;width:3.83px"> </div>Tokyo</div><div id="a192005" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;left:201.475px;top:261px;">1</div><div id="a192008_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:669.475px;top:260.4px;">40</div><div id="a192011" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:21.682px;top:276.9px;">of which: other joint ventures </div><div id="a192013" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:603.702px;top:276.9px;"><div style="display:inline-block;width:2.36px"> </div>3 </div><div id="a192016" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:671.835px;top:276.9px;"><div style="display:inline-block;width:2.36px"> </div>3 </div><div id="a192019" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:292.4px;">1 In 2022, UBS AG reclassified its minority investment (</div><div id="a192019_56_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:175.875px;top:292.4px;">49</div><div id="a192019_58_46" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:184.387px;top:292.4px;">%) in Mitsubishi Corp.-UBS Realty<div style="display:inline-block;width:3.43px"> </div>Inc. of USD </div><div id="a192019_104_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:329.669px;top:292.4px;">44</div><div id="a192019_106_110" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:338.654px;top:292.4px;">m to Properties and other non-current assets held for sale and sold the<div style="display:inline-block;width:3.43px"> </div>investment in the same year. In 2021, </div><div id="a192025" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:302.4px;">UBS AG reclassified<div style="display:inline-block;width:3.94px"> </div>its minority<div style="display:inline-block;width:3.6px"> </div>investment (</div><div id="a192025_45_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:144.604px;top:302.4px;">48.8</div><div id="a192025_49_40" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:159.264px;top:302.4px;">%) in Clearstream<div style="display:inline-block;width:4.1px"> </div>Fund Centre<div style="display:inline-block;width:3.49px"> </div>AG of<div style="display:inline-block;width:3.46px"> </div>USD </div><div id="a192025_89_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:297.518px;top:302.4px;">386</div><div id="a192025_92_116" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:310.287px;top:302.4px;">m to Properties<div style="display:inline-block;width:3.92px"> </div>and other<div style="display:inline-block;width:3.63px"> </div>non-current assets<div style="display:inline-block;width:3.72px"> </div>held for sale<div style="display:inline-block;width:4.1px"> </div>and sold the investment<div style="display:inline-block;width:4.4px"> </div>in the same<div style="display:inline-block;width:3.79px"> </div>year.<div style="display:inline-block;width:10.4px"> </div>2 For 2022, </div><div id="a192029" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:312.8px;">consists of USD </div><div id="a192029_16_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:53.839px;top:312.8px;">27</div><div id="a192029_18_26" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:62.351px;top:312.8px;">m from associates and<div style="display:inline-block;width:3.47px"> </div>USD </div><div id="a192029_44_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:150.784px;top:312.8px;">5</div><div id="a192029_45_49" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:155.04px;top:312.8px;">m from joint ventures (for 2021,<div style="display:inline-block;width:3.66px"> </div>consists of USD </div><div id="a192029_94_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:308.888px;top:312.8px;">79</div><div id="a192029_96_26" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:317.873px;top:312.8px;">m from associates and<div style="display:inline-block;width:3.46px"> </div>USD </div><div id="a192029_122_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:405.833px;top:312.8px;">26</div><div id="a192029_124_64" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:414.411px;top:312.8px;">m from joint ventures).<div style="display:inline-block;width:9.91px"> </div>3 For 2022, consists<div style="display:inline-block;width:4.07px"> </div>of negative USD </div><div id="a192029_188_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:613.635px;top:312.8px;">73</div><div id="a192029_190_18" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:622.147px;top:312.8px;">m from associates </div><div id="a192039" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:322.7px;">(for 2021, consists of USD </div><div id="a192039_27_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:87.448px;top:322.7px;">44</div><div id="a192039_29_26" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:96.433px;top:322.7px;">m from associates and USD </div><div id="a192039_55_1" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:184.393px;top:322.7px;">1</div><div id="a192039_56_75" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:188.649px;top:322.7px;">m from joint ventures).<div style="display:inline-block;width:9.44px"> </div>4 In 2022, UBS AG’s<div style="display:inline-block;width:3.79px"> </div>equity interest amounted<div style="display:inline-block;width:3.62px"> </div>to </div><div id="a192039_131_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:425.191px;top:322.7px;">17.31</div><div id="a192039_136_51" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:444.107px;top:322.7px;">%. UBS AG is represented<div style="display:inline-block;width:3.95px"> </div>on the Board of Directors.</div></div> 1243000000 1557000000 3000000 1000000 44000000 386000000 -41000000 150000000 32000000 105000000 -73000000 45000000 0 1000000 31000000 39000000 -30000000 -39000000 1101000000 1243000000 1098000000 1200000000 954000000 1043000000 144000000 157000000 3000000 43000000 40000000 0.49 -44000000 0.488 386000000 27000000 5000000 79000000 26000000 -73000000 44000000 1000000 0.1731 <div id="TextBlockContainer1700" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:324px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a192047" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">c) Unconsolidated structured entities </div><div id="a192051" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.3px;">UBS AG is considered<div style="display:inline-block;width:5.08px"> </div>to sponsor another<div style="display:inline-block;width:5.09px"> </div>entity if, in addition to ongoing<div style="display:inline-block;width:5.91px"> </div>involvement with that entity,<div style="display:inline-block;width:6.37px"> </div>it had a key role </div><div id="a192054" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.9px;">in establishing that entity<div style="display:inline-block;width:2.23px"> </div>or in bringing together<div style="display:inline-block;width:2.2px"> </div>relevant<div style="display:inline-block;width:3.33px"> </div>counterparties for a transaction facilitated<div style="display:inline-block;width:1.73px"> </div>by that entity. During </div><div id="a192057" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:58.1px;">2022,<div style="display:inline-block;width:5.68px"> </div>UBS<div style="display:inline-block;width:5.08px"> </div>AG<div style="display:inline-block;width:5.29px"> </div>sponsored<div style="display:inline-block;width:5.92px"> </div>the<div style="display:inline-block;width:5.25px"> </div>creation<div style="display:inline-block;width:5.23px"> </div>of<div style="display:inline-block;width:5.25px"> </div>various<div style="display:inline-block;width:5.2px"> </div>SEs<div style="display:inline-block;width:5.25px"> </div>and<div style="display:inline-block;width:5.61px"> </div>interacted with<div style="display:inline-block;width:6.41px"> </div>a<div style="display:inline-block;width:5.2px"> </div>number<div style="display:inline-block;width:5.03px"> </div>of<div style="display:inline-block;width:5.25px"> </div>non-sponsored<div style="display:inline-block;width:6.62px"> </div>SEs,<div style="display:inline-block;width:5.42px"> </div>including </div><div id="a192066" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:73.2px;">securitization vehicles, client vehicles<div style="display:inline-block;width:5.09px"> </div>and certain investment<div style="display:inline-block;width:5.11px"> </div>funds, that<div style="display:inline-block;width:4.49px"> </div>UBS AG did not consolidate as<div style="display:inline-block;width:5.16px"> </div>of 31 December </div><div id="a192075" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:88.8px;">2022 because it did not<div style="display:inline-block;width:5.11px"> </div>control them. </div><div id="a192080" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:111.5px;">Interests in unconsolidated structured<div style="display:inline-block;width:5.18px"> </div>entities </div><div id="a192084" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:126.7px;">The table below<div style="display:inline-block;width:5.96px"> </div>presents UBS<div style="display:inline-block;width:5.15px"> </div>AG’s interests in<div style="display:inline-block;width:5.69px"> </div>and maximum exposure<div style="display:inline-block;width:5.79px"> </div>to loss<div style="display:inline-block;width:5.08px"> </div>from unconsolidated<div style="display:inline-block;width:6.19px"> </div>SEs, as well<div style="display:inline-block;width:5.04px"> </div>as the </div><div id="a192085" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:142.3px;">total assets held by the SEs in which<div style="display:inline-block;width:5.03px"> </div>UBS had an interest as<div style="display:inline-block;width:5.32px"> </div>of year-end, except for investment funds<div style="display:inline-block;width:5.54px"> </div>sponsored by third </div><div id="a192093" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:157.4px;">parties, for which the carrying amount<div style="display:inline-block;width:5.23px"> </div>of UBS’s interest as of year<div style="display:inline-block;width:1.44px"> </div>-end has been disclosed.</div><div id="a192096" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#FF0000;left:518.792px;top:157.4px;"> </div><div id="a192097" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:180.1px;">Sponsored unconsolidated<div style="display:inline-block;width:5.02px"> </div>structured entities in which UBS did<div style="display:inline-block;width:5.23px"> </div>not have an interest at year-end </div><div id="a192105" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:195.3px;">During 2022 and 2021, UBS<div style="display:inline-block;width:5.39px"> </div>AG did not earn material income from sponsored<div style="display:inline-block;width:5.85px"> </div>unconsolidated SEs in which UBS<div style="display:inline-block;width:5.33px"> </div>did not </div><div id="a192111" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:210.9px;">have an interest at year-end. </div><div id="a192115" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:233.6px;">During 2022 and 2021,<div style="display:inline-block;width:2.56px"> </div>UBS AG and third<div style="display:inline-block;width:1.87px"> </div>parties did not transfer<div style="display:inline-block;width:1.79px"> </div>any assets into sponsored securitization<div style="display:inline-block;width:2.32px"> </div>vehicles created </div><div id="a192129" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:248.7px;">in the year. UBS AG and third<div style="display:inline-block;width:2.31px"> </div>parties transferred assets, alongside deposits and debt issuances (which are assets from the </div><div id="a192131" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:264.3px;">perspective of the vehicle),<div style="display:inline-block;width:5.05px"> </div>of USD </div><div id="a192131_36_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:204.125px;top:264.3px;">1</div><div id="a192131_37_11" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:211.691px;top:264.3px;">bn and USD </div><div id="a192131_48_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:284.072px;top:264.3px;">3</div><div id="a192131_49_72" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:291.638px;top:264.3px;">bn, respectively, into sponsored<div style="display:inline-block;width:5.69px"> </div>client vehicles created in 2022<div style="display:inline-block;width:5.49px"> </div>(2021: </div><div id="a192144" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:279.5px;">USD </div><div id="a192144_4_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:33.312px;top:279.5px;">1</div><div id="a192144_5_11" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:40.878px;top:279.5px;">bn<div style="display:inline-block;width:5.61px"> </div>and<div style="display:inline-block;width:5.61px"> </div>USD </div><div id="a192144_16_1" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:116.098px;top:279.5px;">2</div><div id="a192144_17_98" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:123.665px;top:279.5px;">bn,<div style="display:inline-block;width:5.71px"> </div>respectively).<div style="display:inline-block;width:5.25px"> </div>For<div style="display:inline-block;width:5.52px"> </div>sponsored<div style="display:inline-block;width:6.4px"> </div>investment<div style="display:inline-block;width:5.36px"> </div>funds,<div style="display:inline-block;width:6.28px"> </div>transfers<div style="display:inline-block;width:5.36px"> </div>arose<div style="display:inline-block;width:6.01px"> </div>during<div style="display:inline-block;width:5.75px"> </div>the<div style="display:inline-block;width:5.25px"> </div>period<div style="display:inline-block;width:6.02px"> </div>as<div style="display:inline-block;width:5.25px"> </div>investors </div><div id="a192149" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:294.6px;">invested and<div style="display:inline-block;width:6.18px"> </div>redeemed<div style="display:inline-block;width:5.07px"> </div>positions, thereby<div style="display:inline-block;width:6.09px"> </div>changing the<div style="display:inline-block;width:5.59px"> </div>overall size<div style="display:inline-block;width:5.16px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>funds,<div style="display:inline-block;width:5.34px"> </div>which, when<div style="display:inline-block;width:6.12px"> </div>combined with<div style="display:inline-block;width:5.7px"> </div>market </div><div id="a192150" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:310.2px;">movements, resulted in a total closing<div style="display:inline-block;width:5.12px"> </div>net asset value of USD </div><div id="a192150_62_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:355.552px;top:310.2px;">38</div><div id="a192150_64_26" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:370.685px;top:310.2px;">bn (31 December 2021: USD </div><div id="a192150_90_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:538.192px;top:310.2px;">46</div><div id="a192150_92_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:553.325px;top:310.2px;">bn).</div></div><div id="TextBlockContainer1703" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:502px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a192204" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Interests in unconsolidated structured<div style="display:inline-block;width:4.39px"> </div>entities </div><div id="a192211" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:479.702px;top:15.8px;">31.12.22 </div><div id="a192213" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:41.8px;">USD m, except where indicated </div><div id="a192217" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:344.395px;top:30.4px;">Securitization </div><div id="a192219" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:364.728px;top:41.8px;">vehicles </div><div id="a192221" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:437.115px;top:30.4px;">Client </div><div id="a192223" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:430.022px;top:41.8px;">vehicles </div><div id="a192225" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:488.688px;top:30.4px;">Investment </div><div id="a192227" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.582px;top:41.8px;">funds </div><div id="a192229" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:575.302px;top:41.8px;">Total </div><div id="a192231" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:642.475px;top:30.4px;">Maximum </div><div id="a192233" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:616.942px;top:41.8px;">exposure to loss</div><div id="a192234" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:675.622px;top:42.4px;">1</div><div id="a192236" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:56px;">Financial assets at fair value held for trading </div><div id="a192239_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.448px;top:56px;">278</div><div id="a192242_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:56px;">81</div><div id="a192245_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:506.688px;top:56px;">5,884</div><div id="a192248_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:571.515px;top:56px;">6,243</div><div id="a192251_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.702px;top:56px;">6,243</div><div id="a192254" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:72.5px;">Derivative financial instruments </div><div id="a192257_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:388.368px;top:72.5px;">3</div><div id="a192260_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:443.768px;top:72.5px;">160</div><div id="a192263_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:72.5px;">115</div><div id="a192266_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:578.608px;top:72.5px;">278</div><div id="a192269_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:663.795px;top:72.5px;">278</div><div id="a192272" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:88.6px;">Loans and advances to customers </div><div id="a192278_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:88.6px;">119</div><div id="a192281_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:578.608px;top:88.6px;">119</div><div id="a192284_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:663.795px;top:88.6px;">119</div><div id="a192287" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:105.2px;">Financial assets at fair value not held for trading </div><div id="a192292_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:105.2px;">108</div><div id="a192295_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:578.608px;top:105.2px;">108</div><div id="a192298_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:663.795px;top:105.2px;">108</div><div id="a192301" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:121.3px;">Financial assets measured at fair value through<div style="display:inline-block;width:4.15px"> </div>other comprehensive income</div><div id="a192302" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:280.955px;top:121.9px;">2</div><div id="a192310" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:137.8px;">Other financial assets measured at amortized cost</div><div id="a192311" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:184.462px;top:138.5px;">2</div><div id="a192314_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.448px;top:137.8px;">837</div><div id="a192317_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:433.808px;top:137.8px;">4,977</div><div id="a192319" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:455.595px;top:138.5px;">3 </div><div id="a192321_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:523.715px;top:137.8px;">2</div><div id="a192324_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:571.515px;top:137.8px;">5,817</div><div id="a192327_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.702px;top:137.8px;">6,066</div><div id="a192330" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:153.4px;">Total assets </div><div id="a192333_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:368.515px;top:153.4px;">1,118</div><div id="a192335" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:390.302px;top:154.1px;">4 </div><div id="a192337_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:436.635px;top:153.4px;">5,219</div><div id="a192340_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:506.688px;top:153.4px;">6,228</div><div id="a192343_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:566.782px;top:153.4px;">12,565</div><div id="a192347" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:169.5px;">Derivative financial instruments </div><div id="a192350_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:388.368px;top:169.5px;">1</div><div id="a192353_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:169.5px;">35</div><div id="a192356_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:169.5px;">763</div><div id="a192359_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:578.608px;top:169.5px;">798</div><div id="a192362_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:673.728px;top:169.5px;">2</div><div id="a192365" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:185.6px;">Total liabilities </div><div id="a192368_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:388.368px;top:185.6px;">1</div><div id="a192371_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:185.6px;">35</div><div id="a192374_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:185.6px;">763</div><div id="a192377_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:578.608px;top:185.6px;">798</div><div id="a192381" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:200.3px;">Assets held by the unconsolidated structured<div style="display:inline-block;width:4.34px"> </div>entities in which UBS AG had an </div><div id="a192382" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:212.1px;">interest (USD bn) </div><div id="a192385_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:380.328px;top:212.6px;">50</div><div id="a192387" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:390.302px;top:213.2px;">5 </div><div id="a192389_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:440.902px;top:212.6px;">107</div><div id="a192391" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:455.595px;top:213.2px;">6 </div><div id="a192393_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:515.675px;top:212.6px;">95</div><div id="a192395" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:525.608px;top:213.2px;">7 </div><div id="a192408" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:479.702px;top:242.8px;">31.12.21 </div><div id="a192410" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:268.9px;">USD m, except where indicated </div><div id="a192413" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.395px;top:257.5px;">Securitization </div><div id="a192415" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:364.728px;top:268.9px;">vehicles </div><div id="a192417" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:437.115px;top:257.5px;">Client </div><div id="a192419" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.022px;top:268.9px;">vehicles </div><div id="a192421" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:488.688px;top:257.5px;">Investment </div><div id="a192423" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:508.582px;top:268.9px;">funds </div><div id="a192425" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.302px;top:268.9px;">Total </div><div id="a192427" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:642.475px;top:257.5px;">Maximum </div><div id="a192429" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.942px;top:268.9px;">exposure to loss</div><div id="a192430" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:675.142px;top:269.5px;">1</div><div id="a192432" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:283.1px;">Financial assets at fair value held for trading </div><div id="a192435_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:378.448px;top:283.1px;">246</div><div id="a192438_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:443.768px;top:283.1px;">162</div><div id="a192441_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.688px;top:283.1px;">6,743</div><div id="a192444_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:283.1px;">7,151</div><div id="a192447_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:283.1px;">7,151</div><div id="a192450" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:299.6px;">Derivative financial instruments </div><div id="a192453_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.368px;top:299.6px;">5</div><div id="a192456_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.968px;top:299.6px;">45</div><div id="a192459_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.782px;top:299.6px;">155</div><div id="a192462_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.608px;top:299.6px;">205</div><div id="a192465_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:299.6px;">205</div><div id="a192468" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:315.7px;">Loans and advances to customers </div><div id="a192473_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.782px;top:315.7px;">125</div><div id="a192476_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.608px;top:315.7px;">125</div><div id="a192479_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:315.7px;">125</div><div id="a192482" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:332.3px;">Financial assets at fair value not held for trading </div><div id="a192485_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:383.648px;top:332.3px;">35</div><div id="a192489_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.782px;top:332.3px;">100</div><div id="a192492_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.608px;top:332.3px;">135</div><div id="a192495_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:332.3px;">135</div><div id="a192498" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:348.4px;">Financial assets measured at fair value through<div style="display:inline-block;width:4.15px"> </div>other comprehensive income </div><div id="a192502_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:378.448px;top:348.4px;">324</div><div id="a192505_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:436.635px;top:348.4px;">4,525</div><div id="a192509_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:348.4px;">4,849</div><div id="a192512_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:348.4px;">4,849</div><div id="a192515" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:364.9px;">Other financial assets measured at amortized cost </div><div id="a192519_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:450.862px;top:364.9px;">0</div><div id="a192521" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:455.595px;top:365.6px;">3 </div><div id="a192523_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.715px;top:364.9px;">0</div><div id="a192526_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:364.9px;">1</div><div id="a192529_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:364.9px;">250</div><div id="a192532" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:380.5px;">Total assets </div><div id="a192535_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:376.075px;top:380.5px;">610</div><div id="a192537" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:390.302px;top:381.2px;">4 </div><div id="a192539_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:436.635px;top:380.5px;">4,732</div><div id="a192542_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.688px;top:380.5px;">7,124</div><div id="a192545_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:380.5px;">12,466</div><div id="a192549" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:396.6px;">Derivative financial instruments </div><div id="a192552_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.368px;top:396.6px;">2</div><div id="a192555_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.968px;top:396.6px;">11</div><div id="a192558_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.782px;top:396.6px;">281</div><div id="a192561_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.608px;top:396.6px;">294</div><div id="a192565" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:412.7px;">Total liabilities </div><div id="a192568_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.368px;top:412.7px;">2</div><div id="a192571_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.968px;top:412.7px;">11</div><div id="a192574_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.782px;top:412.7px;">281</div><div id="a192577_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.608px;top:412.7px;">294</div><div id="a192581" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:427.4px;">Assets held by the unconsolidated structured<div style="display:inline-block;width:4.34px"> </div>entities in which UBS AG had an </div><div id="a192582" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:439.2px;">interest (USD bn) </div><div id="a192585_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:380.808px;top:439.7px;">30</div><div id="a192587" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:390.302px;top:440.3px;">5 </div><div id="a192589_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:446.128px;top:439.7px;">81</div><div id="a192591" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:455.595px;top:440.3px;">6 </div><div id="a192593_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.422px;top:439.7px;">103</div><div id="a192595" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:525.608px;top:440.3px;">7 </div><div id="a192599" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:453.3px;">1 For the purpose of this<div style="display:inline-block;width:3.8px"> </div>disclosure, maximum exposure<div style="display:inline-block;width:4.07px"> </div>to loss amounts do not consider<div style="display:inline-block;width:3.75px"> </div>the risk-reducing effects<div style="display:inline-block;width:3.68px"> </div>of collateral or other credit<div style="display:inline-block;width:4px"> </div>enhancements.<div style="display:inline-block;width:9.31px"> </div>2 Effective<div style="display:inline-block;width:3.39px"> </div>1 April 2022, a portfolio of assets<div style="display:inline-block;width:3.68px"> </div>previously </div><div id="a192605" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:463.2px;">classified as Financial assets measured<div style="display:inline-block;width:3.49px"> </div>at fair value through other comprehensive<div style="display:inline-block;width:4.4px"> </div>income was reclassified to<div style="display:inline-block;width:3.46px"> </div>Other financial assets<div style="display:inline-block;width:3.57px"> </div>measured at amortized cost. Refer<div style="display:inline-block;width:3.48px"> </div>to Note 1b for more information.<div style="display:inline-block;width:9.5px"> </div>3 Includes the </div><div id="a192608" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:473.6px;">carrying amount of loan commitments. The<div style="display:inline-block;width:3.45px"> </div>maximum exposure to loss for these instruments is equal to the notional amount.<div style="display:inline-block;width:8.15px"> </div>4 As of 31 December 2022, USD </div><div id="a192608_154_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:501.968px;top:473.6px;">0.1</div><div id="a192608_157_14" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:512.372px;top:473.6px;">bn of the USD </div><div id="a192608_171_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:557.795px;top:473.6px;">1.1</div><div id="a192608_174_26" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:568.199px;top:473.6px;">bn (31 December 2021: USD </div><div id="a192608_200_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:660.008px;top:473.6px;">0.1</div><div id="a192608_203_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:670.885px;top:473.6px;">bn </div><div id="a192619" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:483.5px;">of the USD </div><div id="a192619_11_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:39.179px;top:483.5px;">0.6</div><div id="a192619_14_201" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:50.056px;top:483.5px;">bn) was held in Group Functions<div style="display:inline-block;width:4.01px"> </div>– Non-core and Legacy<div style="display:inline-block;width:3.64px"> </div>Portfolio.<div style="display:inline-block;width:9.28px"> </div>5 Represents the principal<div style="display:inline-block;width:3.49px"> </div>amount outstanding.<div style="display:inline-block;width:9.45px"> </div>6 Represents the market<div style="display:inline-block;width:3.97px"> </div>value of total assets.<div style="display:inline-block;width:9.61px"> </div>7 Represents the<div style="display:inline-block;width:3.49px"> </div>net asset value </div><div id="a192629" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:494px;">of the investment funds sponsored<div style="display:inline-block;width:3.92px"> </div>by UBS AG and the carrying<div style="display:inline-block;width:3.81px"> </div>amount of UBS AG’s<div style="display:inline-block;width:3.61px"> </div>interests in the investment<div style="display:inline-block;width:3.61px"> </div>funds not sponsored<div style="display:inline-block;width:3.61px"> </div>by UBS AG.</div></div><div id="TextBlockContainer1706" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:401px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a192633" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">UBS<div style="display:inline-block;width:5.08px"> </div>AG retains<div style="display:inline-block;width:5.94px"> </div>or purchases<div style="display:inline-block;width:6.42px"> </div>interests<div style="display:inline-block;width:5.18px"> </div>in unconsolidated<div style="display:inline-block;width:6.94px"> </div>SEs in<div style="display:inline-block;width:5.93px"> </div>the form<div style="display:inline-block;width:6.04px"> </div>of direct<div style="display:inline-block;width:6.13px"> </div>investments,<div style="display:inline-block;width:5.52px"> </div>financing,<div style="display:inline-block;width:5.08px"> </div>guarantees, </div><div id="a192639" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">letters<div style="display:inline-block;width:5.63px"> </div>of<div style="display:inline-block;width:5.72px"> </div>credit<div style="display:inline-block;width:5.57px"> </div>and<div style="display:inline-block;width:6.08px"> </div>derivatives,<div style="display:inline-block;width:6.12px"> </div>as<div style="display:inline-block;width:5.72px"> </div>well<div style="display:inline-block;width:5.57px"> </div>as<div style="display:inline-block;width:6.23px"> </div>through<div style="display:inline-block;width:6.62px"> </div>management<div style="display:inline-block;width:5.82px"> </div>contracts.<div style="display:inline-block;width:5.5px"> </div>UBS<div style="display:inline-block;width:6.03px"> </div>AG’s<div style="display:inline-block;width:5.91px"> </div>maximum<div style="display:inline-block;width:5.58px"> </div>exposure<div style="display:inline-block;width:6.21px"> </div>to<div style="display:inline-block;width:5.72px"> </div>loss<div style="display:inline-block;width:5.87px"> </div>is </div><div id="a192649" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.3px;">generally equal to<div style="display:inline-block;width:5.6px"> </div>the carrying amount<div style="display:inline-block;width:5.35px"> </div>of UBS AG’s<div style="display:inline-block;width:5.74px"> </div>interest in the<div style="display:inline-block;width:5.04px"> </div>given SE, with<div style="display:inline-block;width:5.26px"> </div>this subject to change<div style="display:inline-block;width:5.48px"> </div>over time with </div><div id="a192655" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.4px;">market movements. Guarantees,<div style="display:inline-block;width:2.16px"> </div>letters of<div style="display:inline-block;width:2px"> </div>credit and credit<div style="display:inline-block;width:1.69px"> </div>derivatives are an<div style="display:inline-block;width:1.72px"> </div>exception, with the given<div style="display:inline-block;width:1.85px"> </div>contract’s notional </div><div id="a192660" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61px;">amount, adjusted for losses<div style="display:inline-block;width:5.04px"> </div>already incurred, representing<div style="display:inline-block;width:5.08px"> </div>the maximum loss that UBS AG<div style="display:inline-block;width:5.08px"> </div>is exposed to. </div><div id="a192667" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:83.7px;">The<div style="display:inline-block;width:6.35px"> </div>maximum<div style="display:inline-block;width:5.58px"> </div>exposure<div style="display:inline-block;width:6.69px"> </div>to<div style="display:inline-block;width:6.2px"> </div>loss<div style="display:inline-block;width:5.87px"> </div>disclosed<div style="display:inline-block;width:6.44px"> </div>in<div style="display:inline-block;width:5.77px"> </div>the<div style="display:inline-block;width:6.39px"> </div>table<div style="display:inline-block;width:5.62px"> </div>above<div style="display:inline-block;width:6.38px"> </div>does<div style="display:inline-block;width:5.66px"> </div>not<div style="display:inline-block;width:6.4px"> </div>reflect<div style="display:inline-block;width:5.68px"> </div>UBS<div style="display:inline-block;width:6.03px"> </div>AG’s<div style="display:inline-block;width:6.38px"> </div>risk<div style="display:inline-block;width:5.94px"> </div>management<div style="display:inline-block;width:6.29px"> </div>activities, </div><div id="a192674" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:98.9px;">including<div style="display:inline-block;width:7.59px"> </div>effects<div style="display:inline-block;width:6.72px"> </div>from<div style="display:inline-block;width:7.08px"> </div>financial<div style="display:inline-block;width:7.3px"> </div>instruments<div style="display:inline-block;width:7.08px"> </div>that<div style="display:inline-block;width:7.46px"> </div>may<div style="display:inline-block;width:6.74px"> </div>be<div style="display:inline-block;width:7.3px"> </div>used<div style="display:inline-block;width:7.55px"> </div>to<div style="display:inline-block;width:7.14px"> </div>economically<div style="display:inline-block;width:7.1px"> </div>hedge<div style="display:inline-block;width:7.7px"> </div>risks<div style="display:inline-block;width:6.93px"> </div>inherent<div style="display:inline-block;width:7.53px"> </div>in<div style="display:inline-block;width:6.72px"> </div>the<div style="display:inline-block;width:7.55px"> </div>given </div><div id="a192678" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:114.5px;">unconsolidated SE or risk-reducing<div style="display:inline-block;width:5.37px"> </div>effects of collateral or other credit enhancements. </div><div id="a192683" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:137.2px;">In<div style="display:inline-block;width:6.72px"> </div>2022<div style="display:inline-block;width:6.99px"> </div>and<div style="display:inline-block;width:6.59px"> </div>2021,<div style="display:inline-block;width:6.58px"> </div>UBS<div style="display:inline-block;width:6.5px"> </div>AG<div style="display:inline-block;width:6.7px"> </div>did<div style="display:inline-block;width:6.45px"> </div>not<div style="display:inline-block;width:6.4px"> </div>provide<div style="display:inline-block;width:7.01px"> </div>support,<div style="display:inline-block;width:6.8px"> </div>financial<div style="display:inline-block;width:6.36px"> </div>or<div style="display:inline-block;width:6.67px"> </div>otherwise,<div style="display:inline-block;width:6.87px"> </div>to<div style="display:inline-block;width:6.2px"> </div>any<div style="display:inline-block;width:6.85px"> </div>unconsolidated<div style="display:inline-block;width:7.52px"> </div>SE<div style="display:inline-block;width:6.62px"> </div>when<div style="display:inline-block;width:6.18px"> </div>not </div><div id="a192693" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:152.3px;">contractually obligated to do<div style="display:inline-block;width:5.27px"> </div>so, nor does UBS AG have<div style="display:inline-block;width:5.01px"> </div>any<div style="display:inline-block;width:3.82px"> </div>intention to do so in the future. </div><div id="a192703" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:175px;">In 2022<div style="display:inline-block;width:6.72px"> </div>and<div style="display:inline-block;width:5.16px"> </div>2021,<div style="display:inline-block;width:5.64px"> </div>income and<div style="display:inline-block;width:6.13px"> </div>expenses<div style="display:inline-block;width:5.03px"> </div>from interests<div style="display:inline-block;width:5.74px"> </div>in unconsolidated<div style="display:inline-block;width:6.31px"> </div>SEs primarily<div style="display:inline-block;width:5.78px"> </div>resulted from<div style="display:inline-block;width:6.04px"> </div>mark-to-market </div><div id="a192715" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:190.2px;">movements recognized<div style="display:inline-block;width:6.9px"> </div>in </div><div id="a192716" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:158.218px;top:189.9px;">Other net<div style="display:inline-block;width:6.56px"> </div>income<div style="display:inline-block;width:5.15px"> </div>from<div style="display:inline-block;width:5.42px"> </div>financial instruments<div style="display:inline-block;width:6.92px"> </div>measured<div style="display:inline-block;width:5.82px"> </div>at<div style="display:inline-block;width:5.05px"> </div>fair value<div style="display:inline-block;width:6.68px"> </div>through<div style="display:inline-block;width:5.43px"> </div>profit<div style="display:inline-block;width:5.04px"> </div>or<div style="display:inline-block;width:5.57px"> </div>loss</div><div id="a192720" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:682.045px;top:190.2px;">, </div><div id="a192721" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:205.8px;">which were generally hedged with other financial instruments, as well<div style="display:inline-block;width:1.96px"> </div>as fee and commission income received from UBS-</div><div id="a192726" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:220.9px;">sponsored funds. </div><div id="a192728" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:243.6px;">Interests in securitization vehicles </div><div id="a192730" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:258.8px;">As<div style="display:inline-block;width:6.82px"> </div>of<div style="display:inline-block;width:6.67px"> </div>31 December<div style="display:inline-block;width:6.57px"> </div>2022<div style="display:inline-block;width:6.98px"> </div>and<div style="display:inline-block;width:6.55px"> </div>31 December<div style="display:inline-block;width:6.57px"> </div>2021,<div style="display:inline-block;width:7.09px"> </div>UBS<div style="display:inline-block;width:6.5px"> </div>AG<div style="display:inline-block;width:6.7px"> </div>held<div style="display:inline-block;width:6.48px"> </div>interests,<div style="display:inline-block;width:6.7px"> </div>both<div style="display:inline-block;width:6.6px"> </div>retained<div style="display:inline-block;width:6.85px"> </div>and<div style="display:inline-block;width:7.12px"> </div>acquired,<div style="display:inline-block;width:7.11px"> </div>in<div style="display:inline-block;width:6.72px"> </div>various </div><div id="a192745" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:274.4px;">securitization vehicles that relate to<div style="display:inline-block;width:5.11px"> </div>financing, underwriting,<div style="display:inline-block;width:5.26px"> </div>secondary market and derivative trading<div style="display:inline-block;width:5.14px"> </div>activities. </div><div id="a192751" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:297.1px;">The numbers outlined in the table above may<div style="display:inline-block;width:2.3px"> </div>differ from the securitization positions presented in the 31 December 2022 </div><div id="a192762" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:312.3px;">Pillar 3<div style="display:inline-block;width:5.55px"> </div>Report,<div style="display:inline-block;width:6.11px"> </div>available<div style="display:inline-block;width:5.87px"> </div>under<div style="display:inline-block;width:6.13px"> </div>“Pillar 3<div style="display:inline-block;width:6.21px"> </div>disclosures”<div style="display:inline-block;width:6.78px"> </div>at </div><div id="a192772" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:330.925px;top:312px;">ubs.com/investors,</div><div id="a192774" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:438.338px;top:312.3px;"><div style="display:inline-block;width:5.68px"> </div>for<div style="display:inline-block;width:6.04px"> </div>the<div style="display:inline-block;width:6.2px"> </div>following<div style="display:inline-block;width:6.12px"> </div>reasons:<div style="display:inline-block;width:6.46px"> </div>(i) exclusion<div style="display:inline-block;width:5.95px"> </div>of </div><div id="a192780" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:327.9px;">synthetic<div style="display:inline-block;width:5.31px"> </div>securitizations<div style="display:inline-block;width:5.68px"> </div>transacted<div style="display:inline-block;width:5.59px"> </div>with<div style="display:inline-block;width:5.25px"> </div>entities<div style="display:inline-block;width:5.88px"> </div>that<div style="display:inline-block;width:5.1px"> </div>are<div style="display:inline-block;width:5.29px"> </div>not<div style="display:inline-block;width:5.45px"> </div>SEs<div style="display:inline-block;width:5.25px"> </div>and<div style="display:inline-block;width:5.61px"> </div>transactions<div style="display:inline-block;width:5.61px"> </div>in<div style="display:inline-block;width:5.3px"> </div>which<div style="display:inline-block;width:5.59px"> </div>UBS<div style="display:inline-block;width:5.56px"> </div>AG<div style="display:inline-block;width:5.28px"> </div>did<div style="display:inline-block;width:5.5px"> </div>not have<div style="display:inline-block;width:6.5px"> </div>an </div><div id="a192785" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:343px;">interest because it did not<div style="display:inline-block;width:5.14px"> </div>absorb any risk;<div style="display:inline-block;width:5.02px"> </div>(ii) a different measurement<div style="display:inline-block;width:5.29px"> </div>basis in certain<div style="display:inline-block;width:5.29px"> </div>cases (e.g., IFRS carrying<div style="display:inline-block;width:5.26px"> </div>amount </div><div id="a192793" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:358.6px;">within<div style="display:inline-block;width:6.29px"> </div>the<div style="display:inline-block;width:6.23px"> </div>previous<div style="display:inline-block;width:6.62px"> </div>table<div style="display:inline-block;width:6.09px"> </div>compared<div style="display:inline-block;width:6.49px"> </div>with<div style="display:inline-block;width:6.2px"> </div>net<div style="display:inline-block;width:6.2px"> </div>exposure<div style="display:inline-block;width:7.28px"> </div>amount<div style="display:inline-block;width:6.45px"> </div>at<div style="display:inline-block;width:5.99px"> </div>default<div style="display:inline-block;width:6.14px"> </div>for<div style="display:inline-block;width:6.04px"> </div>Pillar 3<div style="display:inline-block;width:7.07px"> </div>disclosures);<div style="display:inline-block;width:6.81px"> </div>and<div style="display:inline-block;width:6.55px"> </div>(iii) different </div><div id="a192804" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:373.8px;">classification of vehicles viewed as sponsored<div style="display:inline-block;width:6.03px"> </div>by UBS AG versus sponsored by<div style="display:inline-block;width:5.1px"> </div>third parties. </div><div id="a192809" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:385.4px;">›</div><div id="a192810" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:385.7px;"> </div><div id="a192811" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:390.3px;">Refer to the 31 December<div style="display:inline-block;width:0.96px"> </div>2022 Pillar 3 Report,<div style="display:inline-block;width:0.99px"> </div>available under “Pillar<div style="display:inline-block;width:0.72px"> </div>3 disclosures” at </div><div id="a192829" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:italic;left:464.378px;top:390.3px;">ubs.com/investors, </div><div id="a192832" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:561.392px;top:390.3px;">for more information</div></div><div id="TextBlockContainer1708" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:373px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a192872" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Interests in client vehicles </div><div id="a192874" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:15.6px;">Client vehicles are<div style="display:inline-block;width:2.29px"> </div>established predominantly for clients to gain exposure to specific<div style="display:inline-block;width:1.35px"> </div>assets or risk exposures. Such vehicles </div><div id="a192884" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:30.8px;">may enter into derivative<div style="display:inline-block;width:5.05px"> </div>agreements,<div style="display:inline-block;width:4.62px"> </div>with UBS or a<div style="display:inline-block;width:5.49px"> </div>third party,<div style="display:inline-block;width:5.67px"> </div>to align the cash<div style="display:inline-block;width:5.38px"> </div>flows of the entity with<div style="display:inline-block;width:5.45px"> </div>the investor’s </div><div id="a192890" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:46.4px;">intended investment objective,<div style="display:inline-block;width:4.54px"> </div>or to introduce other<div style="display:inline-block;width:5.2px"> </div>desired risk exposures.<div style="display:inline-block;width:5.54px"> </div></div><div id="a192897" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:69.1px;">As of<div style="display:inline-block;width:6.06px"> </div>31 December<div style="display:inline-block;width:5.11px"> </div>2022<div style="display:inline-block;width:5.57px"> </div>and<div style="display:inline-block;width:5.13px"> </div>31 December 2021,<div style="display:inline-block;width:6.68px"> </div>UBS<div style="display:inline-block;width:5.08px"> </div>AG retained<div style="display:inline-block;width:6.11px"> </div>interests in<div style="display:inline-block;width:5.85px"> </div>client<div style="display:inline-block;width:5.31px"> </div>vehicles sponsored<div style="display:inline-block;width:7.09px"> </div>by UBS<div style="display:inline-block;width:6.14px"> </div>and </div><div id="a192914" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:84.2px;">third parties that relate to financing,<div style="display:inline-block;width:4.62px"> </div>secondary market and derivative trading activities<div style="display:inline-block;width:1.6px"> </div>,<div style="display:inline-block;width:3.92px"> </div>and to hedge structured product </div><div id="a192922" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.3px;">offerings. </div><div id="a192924" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:122.5px;">Interests in investment funds </div><div id="a192926" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:137.7px;">Investment funds have a<div style="display:inline-block;width:5.23px"> </div>collective investment objective,<div style="display:inline-block;width:5.39px"> </div>and are<div style="display:inline-block;width:5.07px"> </div>either passively managed,<div style="display:inline-block;width:5.92px"> </div>so that any decision<div style="display:inline-block;width:1.34px"> </div>-making </div><div id="a192930" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:152.8px;">does not have a substantive effect<div style="display:inline-block;width:5.15px"> </div>on variability,<div style="display:inline-block;width:5.63px"> </div>or are actively managed<div style="display:inline-block;width:5.61px"> </div>and investors or their governing bodies<div style="display:inline-block;width:5.3px"> </div>do not </div><div id="a192931" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:168.4px;">have substantive voting or similar rights<div style="display:inline-block;width:1.35px"> </div>. </div><div id="a192934" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:191.1px;">UBS AG holds interests<div style="display:inline-block;width:5.06px"> </div>in a number of investment funds<div style="display:inline-block;width:1.79px"> </div>,<div style="display:inline-block;width:3.89px"> </div>primarily resulting from seed<div style="display:inline-block;width:5.35px"> </div>investments or in order to<div style="display:inline-block;width:5.13px"> </div>hedge </div><div id="a192943" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:206.3px;">structured product<div style="display:inline-block;width:6.4px"> </div>offerings.<div style="display:inline-block;width:5.64px"> </div>In addition<div style="display:inline-block;width:6.32px"> </div>to the<div style="display:inline-block;width:6.35px"> </div>interests disclosed<div style="display:inline-block;width:6.52px"> </div>in the<div style="display:inline-block;width:6.4px"> </div>table<div style="display:inline-block;width:5.43px"> </div>above,<div style="display:inline-block;width:5.06px"> </div>UBS<div style="display:inline-block;width:5.08px"> </div>AG<div style="display:inline-block;width:5.29px"> </div>manages<div style="display:inline-block;width:5.03px"> </div>the assets<div style="display:inline-block;width:6.29px"> </div>of </div><div id="a192949" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:221.4px;">various pooled investment funds and<div style="display:inline-block;width:5.02px"> </div>receives fees based, in whole or<div style="display:inline-block;width:5.19px"> </div>in part, on the net asset value of the fund and / or </div><div id="a192957" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:237px;">the performance of the fund. The specific fee structure is<div style="display:inline-block;width:5.04px"> </div>determined based<div style="display:inline-block;width:5.12px"> </div>on various market factors and considers the </div><div id="a192960" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:252.1px;">fund’s nature<div style="display:inline-block;width:5.36px"> </div>and the jurisdiction of<div style="display:inline-block;width:5.49px"> </div>incorporation,<div style="display:inline-block;width:4.83px"> </div>as well as fee schedules<div style="display:inline-block;width:5.41px"> </div>negotiated with<div style="display:inline-block;width:5.28px"> </div>clients. These fee contracts </div><div id="a192970" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:267.8px;">represent an<div style="display:inline-block;width:5.51px"> </div>interest in the<div style="display:inline-block;width:5.96px"> </div>fund,<div style="display:inline-block;width:4.94px"> </div>as they align<div style="display:inline-block;width:5.54px"> </div>UBS AG’s<div style="display:inline-block;width:5.43px"> </div>exposure with<div style="display:inline-block;width:5.42px"> </div>investors, providing<div style="display:inline-block;width:5.99px"> </div>a variable return<div style="display:inline-block;width:5.94px"> </div>based on </div><div id="a192976" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:282.9px;">the performance<div style="display:inline-block;width:6.09px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>entity.<div style="display:inline-block;width:5.16px"> </div>Depending<div style="display:inline-block;width:5.79px"> </div>on<div style="display:inline-block;width:5.13px"> </div>the structure<div style="display:inline-block;width:5.71px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>fund,<div style="display:inline-block;width:5.29px"> </div>these fees<div style="display:inline-block;width:6.25px"> </div>may be<div style="display:inline-block;width:6.41px"> </div>collected directly<div style="display:inline-block;width:6.36px"> </div>from the </div><div id="a192978" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:298.1px;">fund’s assets and<div style="display:inline-block;width:5.06px"> </div>/ or from the investors. Any<div style="display:inline-block;width:5.11px"> </div>amounts due<div style="display:inline-block;width:5.11px"> </div>are collected on a regular<div style="display:inline-block;width:5.26px"> </div>basis and are generally<div style="display:inline-block;width:5.09px"> </div>backed by </div><div id="a192986" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:313.7px;">the fund’s<div style="display:inline-block;width:5.52px"> </div>assets. Therefore,<div style="display:inline-block;width:5.02px"> </div>interest in such<div style="display:inline-block;width:5.69px"> </div>funds is not<div style="display:inline-block;width:5.64px"> </div>represented by<div style="display:inline-block;width:5.03px"> </div>the on-balance sheet<div style="display:inline-block;width:5.66px"> </div>fee receivable but<div style="display:inline-block;width:5.71px"> </div>rather </div><div id="a192995" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:328.8px;">by<div style="display:inline-block;width:7.09px"> </div>the<div style="display:inline-block;width:7.14px"> </div>future<div style="display:inline-block;width:7.28px"> </div>exposure<div style="display:inline-block;width:7.63px"> </div>to<div style="display:inline-block;width:7.14px"> </div>variable<div style="display:inline-block;width:7.2px"> </div>fees.<div style="display:inline-block;width:7.09px"> </div>The<div style="display:inline-block;width:7.3px"> </div>total<div style="display:inline-block;width:7.36px"> </div>assets<div style="display:inline-block;width:7.09px"> </div>of<div style="display:inline-block;width:7.14px"> </div>such<div style="display:inline-block;width:7.56px"> </div>funds<div style="display:inline-block;width:7.6px"> </div>were<div style="display:inline-block;width:7.35px"> </div>USD </div><div id="a192995_81_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:509.818px;top:328.8px;">336</div><div id="a192995_84_11" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:532.045px;top:328.8px;">bn<div style="display:inline-block;width:7.5px"> </div>and<div style="display:inline-block;width:7.05px"> </div>USD </div><div id="a192995_95_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:611.072px;top:328.8px;">425</div><div id="a192995_98_9" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:633.298px;top:328.8px;">bn<div style="display:inline-block;width:7.03px"> </div>as<div style="display:inline-block;width:7.17px"> </div>of </div><div id="a193010" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:344.4px;">31 December 2022 and 31 December 2021, respectively, and have been excluded from the table above. UBS AG did not </div><div id="a193023" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:359.6px;">have any material exposure to<div style="display:inline-block;width:5.13px"> </div>loss from these interests as of 31<div style="display:inline-block;width:5.31px"> </div>December 2022 or as of 31<div style="display:inline-block;width:5.14px"> </div>December 2021.</div></div> 1000000000 3000000000 1000000000 2000000000 38000000000 46000000000 <div id="TextBlockContainer1704" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:502px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1702_XBRL_TS_28de495f7bb641bd8829d6831aed0ad8" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1703" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:502px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a192204" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Interests in unconsolidated structured<div style="display:inline-block;width:4.39px"> </div>entities </div><div id="a192211" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:479.702px;top:15.8px;">31.12.22 </div><div id="a192213" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:41.8px;">USD m, except where indicated </div><div id="a192217" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:344.395px;top:30.4px;">Securitization </div><div id="a192219" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:364.728px;top:41.8px;">vehicles </div><div id="a192221" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:437.115px;top:30.4px;">Client </div><div id="a192223" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:430.022px;top:41.8px;">vehicles </div><div id="a192225" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:488.688px;top:30.4px;">Investment </div><div id="a192227" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.582px;top:41.8px;">funds </div><div id="a192229" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:575.302px;top:41.8px;">Total </div><div id="a192231" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:642.475px;top:30.4px;">Maximum </div><div id="a192233" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:616.942px;top:41.8px;">exposure to loss</div><div id="a192234" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:675.622px;top:42.4px;">1</div><div id="a192236" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:56px;">Financial assets at fair value held for trading </div><div id="a192239_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.448px;top:56px;">278</div><div id="a192242_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:56px;">81</div><div id="a192245_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:506.688px;top:56px;">5,884</div><div id="a192248_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:571.515px;top:56px;">6,243</div><div id="a192251_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.702px;top:56px;">6,243</div><div id="a192254" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:72.5px;">Derivative financial instruments </div><div id="a192257_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:388.368px;top:72.5px;">3</div><div id="a192260_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:443.768px;top:72.5px;">160</div><div id="a192263_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:72.5px;">115</div><div id="a192266_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:578.608px;top:72.5px;">278</div><div id="a192269_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:663.795px;top:72.5px;">278</div><div id="a192272" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:88.6px;">Loans and advances to customers </div><div id="a192278_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:88.6px;">119</div><div id="a192281_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:578.608px;top:88.6px;">119</div><div id="a192284_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:663.795px;top:88.6px;">119</div><div id="a192287" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:105.2px;">Financial assets at fair value not held for trading </div><div id="a192292_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:105.2px;">108</div><div id="a192295_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:578.608px;top:105.2px;">108</div><div id="a192298_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:663.795px;top:105.2px;">108</div><div id="a192301" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:121.3px;">Financial assets measured at fair value through<div style="display:inline-block;width:4.15px"> </div>other comprehensive income</div><div id="a192302" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:280.955px;top:121.9px;">2</div><div id="a192310" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:137.8px;">Other financial assets measured at amortized cost</div><div id="a192311" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:184.462px;top:138.5px;">2</div><div id="a192314_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:378.448px;top:137.8px;">837</div><div id="a192317_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:433.808px;top:137.8px;">4,977</div><div id="a192319" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:455.595px;top:138.5px;">3 </div><div id="a192321_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:523.715px;top:137.8px;">2</div><div id="a192324_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:571.515px;top:137.8px;">5,817</div><div id="a192327_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:656.702px;top:137.8px;">6,066</div><div id="a192330" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:153.4px;">Total assets </div><div id="a192333_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:368.515px;top:153.4px;">1,118</div><div id="a192335" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:390.302px;top:154.1px;">4 </div><div id="a192337_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:436.635px;top:153.4px;">5,219</div><div id="a192340_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:506.688px;top:153.4px;">6,228</div><div id="a192343_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:566.782px;top:153.4px;">12,565</div><div id="a192347" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:169.5px;">Derivative financial instruments </div><div id="a192350_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:388.368px;top:169.5px;">1</div><div id="a192353_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:169.5px;">35</div><div id="a192356_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:169.5px;">763</div><div id="a192359_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:578.608px;top:169.5px;">798</div><div id="a192362_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:673.728px;top:169.5px;">2</div><div id="a192365" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:185.6px;">Total liabilities </div><div id="a192368_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:388.368px;top:185.6px;">1</div><div id="a192371_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:448.968px;top:185.6px;">35</div><div id="a192374_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:513.782px;top:185.6px;">763</div><div id="a192377_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:578.608px;top:185.6px;">798</div><div id="a192381" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:200.3px;">Assets held by the unconsolidated structured<div style="display:inline-block;width:4.34px"> </div>entities in which UBS AG had an </div><div id="a192382" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:212.1px;">interest (USD bn) </div><div id="a192385_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:380.328px;top:212.6px;">50</div><div id="a192387" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:390.302px;top:213.2px;">5 </div><div id="a192389_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:440.902px;top:212.6px;">107</div><div id="a192391" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:455.595px;top:213.2px;">6 </div><div id="a192393_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:515.675px;top:212.6px;">95</div><div id="a192395" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#9A3D37;left:525.608px;top:213.2px;">7 </div><div id="a192408" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:479.702px;top:242.8px;">31.12.21 </div><div id="a192410" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:268.9px;">USD m, except where indicated </div><div id="a192413" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:344.395px;top:257.5px;">Securitization </div><div id="a192415" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:364.728px;top:268.9px;">vehicles </div><div id="a192417" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:437.115px;top:257.5px;">Client </div><div id="a192419" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:430.022px;top:268.9px;">vehicles </div><div id="a192421" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:488.688px;top:257.5px;">Investment </div><div id="a192423" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:508.582px;top:268.9px;">funds </div><div id="a192425" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.302px;top:268.9px;">Total </div><div id="a192427" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:642.475px;top:257.5px;">Maximum </div><div id="a192429" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:616.942px;top:268.9px;">exposure to loss</div><div id="a192430" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:675.142px;top:269.5px;">1</div><div id="a192432" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:283.1px;">Financial assets at fair value held for trading </div><div id="a192435_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:378.448px;top:283.1px;">246</div><div id="a192438_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:443.768px;top:283.1px;">162</div><div id="a192441_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.688px;top:283.1px;">6,743</div><div id="a192444_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:283.1px;">7,151</div><div id="a192447_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:283.1px;">7,151</div><div id="a192450" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:299.6px;">Derivative financial instruments </div><div id="a192453_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.368px;top:299.6px;">5</div><div id="a192456_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.968px;top:299.6px;">45</div><div id="a192459_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.782px;top:299.6px;">155</div><div id="a192462_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.608px;top:299.6px;">205</div><div id="a192465_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:299.6px;">205</div><div id="a192468" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:315.7px;">Loans and advances to customers </div><div id="a192473_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.782px;top:315.7px;">125</div><div id="a192476_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.608px;top:315.7px;">125</div><div id="a192479_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:315.7px;">125</div><div id="a192482" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:332.3px;">Financial assets at fair value not held for trading </div><div id="a192485_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:383.648px;top:332.3px;">35</div><div id="a192489_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.782px;top:332.3px;">100</div><div id="a192492_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.608px;top:332.3px;">135</div><div id="a192495_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:332.3px;">135</div><div id="a192498" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:348.4px;">Financial assets measured at fair value through<div style="display:inline-block;width:4.15px"> </div>other comprehensive income </div><div id="a192502_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:378.448px;top:348.4px;">324</div><div id="a192505_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:436.635px;top:348.4px;">4,525</div><div id="a192509_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.515px;top:348.4px;">4,849</div><div id="a192512_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:348.4px;">4,849</div><div id="a192515" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:364.9px;">Other financial assets measured at amortized cost </div><div id="a192519_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:450.862px;top:364.9px;">0</div><div id="a192521" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:455.595px;top:365.6px;">3 </div><div id="a192523_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:523.715px;top:364.9px;">0</div><div id="a192526_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:364.9px;">1</div><div id="a192529_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:364.9px;">250</div><div id="a192532" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:380.5px;">Total assets </div><div id="a192535_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:376.075px;top:380.5px;">610</div><div id="a192537" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:390.302px;top:381.2px;">4 </div><div id="a192539_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:436.635px;top:380.5px;">4,732</div><div id="a192542_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.688px;top:380.5px;">7,124</div><div id="a192545_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:380.5px;">12,466</div><div id="a192549" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:396.6px;">Derivative financial instruments </div><div id="a192552_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.368px;top:396.6px;">2</div><div id="a192555_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.968px;top:396.6px;">11</div><div id="a192558_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.782px;top:396.6px;">281</div><div id="a192561_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.608px;top:396.6px;">294</div><div id="a192565" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:412.7px;">Total liabilities </div><div id="a192568_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:388.368px;top:412.7px;">2</div><div id="a192571_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:448.968px;top:412.7px;">11</div><div id="a192574_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.782px;top:412.7px;">281</div><div id="a192577_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.608px;top:412.7px;">294</div><div id="a192581" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:427.4px;">Assets held by the unconsolidated structured<div style="display:inline-block;width:4.34px"> </div>entities in which UBS AG had an </div><div id="a192582" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:439.2px;">interest (USD bn) </div><div id="a192585_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:380.808px;top:439.7px;">30</div><div id="a192587" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:390.302px;top:440.3px;">5 </div><div id="a192589_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:446.128px;top:439.7px;">81</div><div id="a192591" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:455.595px;top:440.3px;">6 </div><div id="a192593_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:511.422px;top:439.7px;">103</div><div id="a192595" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:525.608px;top:440.3px;">7 </div><div id="a192599" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:453.3px;">1 For the purpose of this<div style="display:inline-block;width:3.8px"> </div>disclosure, maximum exposure<div style="display:inline-block;width:4.07px"> </div>to loss amounts do not consider<div style="display:inline-block;width:3.75px"> </div>the risk-reducing effects<div style="display:inline-block;width:3.68px"> </div>of collateral or other credit<div style="display:inline-block;width:4px"> </div>enhancements.<div style="display:inline-block;width:9.31px"> </div>2 Effective<div style="display:inline-block;width:3.39px"> </div>1 April 2022, a portfolio of assets<div style="display:inline-block;width:3.68px"> </div>previously </div><div id="a192605" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:463.2px;">classified as Financial assets measured<div style="display:inline-block;width:3.49px"> </div>at fair value through other comprehensive<div style="display:inline-block;width:4.4px"> </div>income was reclassified to<div style="display:inline-block;width:3.46px"> </div>Other financial assets<div style="display:inline-block;width:3.57px"> </div>measured at amortized cost. Refer<div style="display:inline-block;width:3.48px"> </div>to Note 1b for more information.<div style="display:inline-block;width:9.5px"> </div>3 Includes the </div><div id="a192608" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:473.6px;">carrying amount of loan commitments. The<div style="display:inline-block;width:3.45px"> </div>maximum exposure to loss for these instruments is equal to the notional amount.<div style="display:inline-block;width:8.15px"> </div>4 As of 31 December 2022, USD </div><div id="a192608_154_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:501.968px;top:473.6px;">0.1</div><div id="a192608_157_14" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:512.372px;top:473.6px;">bn of the USD </div><div id="a192608_171_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:557.795px;top:473.6px;">1.1</div><div id="a192608_174_26" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:568.199px;top:473.6px;">bn (31 December 2021: USD </div><div id="a192608_200_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:660.008px;top:473.6px;">0.1</div><div id="a192608_203_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:670.885px;top:473.6px;">bn </div><div id="a192619" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:483.5px;">of the USD </div><div id="a192619_11_3" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:39.179px;top:483.5px;">0.6</div><div id="a192619_14_201" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:50.056px;top:483.5px;">bn) was held in Group Functions<div style="display:inline-block;width:4.01px"> </div>– Non-core and Legacy<div style="display:inline-block;width:3.64px"> </div>Portfolio.<div style="display:inline-block;width:9.28px"> </div>5 Represents the principal<div style="display:inline-block;width:3.49px"> </div>amount outstanding.<div style="display:inline-block;width:9.45px"> </div>6 Represents the market<div style="display:inline-block;width:3.97px"> </div>value of total assets.<div style="display:inline-block;width:9.61px"> </div>7 Represents the<div style="display:inline-block;width:3.49px"> </div>net asset value </div><div id="a192629" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:494px;">of the investment funds sponsored<div style="display:inline-block;width:3.92px"> </div>by UBS AG and the carrying<div style="display:inline-block;width:3.81px"> </div>amount of UBS AG’s<div style="display:inline-block;width:3.61px"> </div>interests in the investment<div style="display:inline-block;width:3.61px"> </div>funds not sponsored<div style="display:inline-block;width:3.61px"> </div>by UBS AG.</div></div></div></div> 278000000 81000000 5884000000 6243000000 6243000000 3000000 160000000 115000000 278000000 278000000 119000000 119000000 119000000 108000000 108000000 108000000 837000000 4977000000 2000000 5817000000 6066000000 1118000000 5219000000 6228000000 12565000000 1000000 35000000 763000000 798000000 2000000 1000000 35000000 763000000 798000000 50000000000 107000000000 95000000000 246000000 162000000 6743000000 7151000000 7151000000 5000000 45000000 155000000 205000000 205000000 125000000 125000000 125000000 35000000 100000000 135000000 135000000 324000000 4525000000 4849000000 4849000000 0 0 1000000 250000000 610000000 4732000000 7124000000 12466000000 2000000 11000000 281000000 294000000 2000000 11000000 281000000 294000000 30000000000 81000000000 103000000000 100000000 1100000000 100000000 600000000 336000000000 425000000000 <div id="TextBlockContainer1710" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:544px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a193037" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 29<div style="display:inline-block;width:8.21px"> </div>Changes in organization and acquisitions and disposals<div style="display:inline-block;width:5.51px"> </div>of subsidiaries and<div style="display:inline-block;width:5.05px"> </div>businesses<div style="display:inline-block;width:4.63px"> </div></div><div id="a193042" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#E60000;left:4.905px;top:35px;">Disposals of subsidiaries and businesses </div><div id="a193044" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:58.1px;">Sale of UBS Swiss Financial Advisers AG </div><div id="a193047" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:73.2px;">In the third quarter of 2022,<div style="display:inline-block;width:5.12px"> </div>UBS AG completed the sale of its wholly owned<div style="display:inline-block;width:5.18px"> </div>subsidiary UBS Swiss Financial Advisers AG </div><div id="a193048" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:88.8px;">(SFA)<div style="display:inline-block;width:7.04px"> </div>to<div style="display:inline-block;width:6.2px"> </div>Vontobel.<div style="display:inline-block;width:7.01px"> </div>UBS<div style="display:inline-block;width:6.03px"> </div>AG<div style="display:inline-block;width:5.72px"> </div>continues<div style="display:inline-block;width:6.55px"> </div>to<div style="display:inline-block;width:5.72px"> </div>refer<div style="display:inline-block;width:5.93px"> </div>US<div style="display:inline-block;width:6.3px"> </div>clients<div style="display:inline-block;width:5.83px"> </div>that<div style="display:inline-block;width:6.04px"> </div>want<div style="display:inline-block;width:6.3px"> </div>to<div style="display:inline-block;width:5.72px"> </div>have<div style="display:inline-block;width:6.15px"> </div>discretionary<div style="display:inline-block;width:5.97px"> </div>portfolio<div style="display:inline-block;width:6.29px"> </div>management<div style="display:inline-block;width:6.29px"> </div>or </div><div id="a193049" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:103.9px;">investment advisory<div style="display:inline-block;width:5.26px"> </div>services booked<div style="display:inline-block;width:6.02px"> </div>in Switzerland to<div style="display:inline-block;width:5.35px"> </div>Vontobel<div style="display:inline-block;width:5.49px"> </div>SFA.<div style="display:inline-block;width:5.04px"> </div>Upon<div style="display:inline-block;width:5.02px"> </div>completion of<div style="display:inline-block;width:5.45px"> </div>the sale, UBS<div style="display:inline-block;width:5.86px"> </div>AG recorded<div style="display:inline-block;width:5.46px"> </div>a </div><div id="a193051" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:119.1px;">pre-tax gain of USD </div><div id="a193051_20_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:120.832px;top:119.1px;">86</div><div id="a193051_22_35" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:135.965px;top:119.1px;">m in 2022, which was recognized<div style="display:inline-block;width:5.02px"> </div>in </div><div id="a193060" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:345.618px;top:118.8px;">Other income</div><div id="a193061" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:422.738px;top:119.1px;">. </div><div id="a193063" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:142.3px;">Prior to completion of the sale, the assets and liabilities that were subject to the transaction were presented as a disposal </div><div id="a193065" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:157.4px;">group held<div style="display:inline-block;width:5.56px"> </div>for sale within </div><div id="a193066" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:157.752px;top:157.1px;">Other non-financial assets</div><div id="a193069" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:304.912px;top:157.4px;"><div style="display:inline-block;width:4.27px"> </div>and </div><div id="a193071" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:335.178px;top:157.1px;">Other non-financial liabilities</div><div id="a193074" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:498.458px;top:157.4px;"><div style="display:inline-block;width:4.25px"> </div>(31 December 2021:<div style="display:inline-block;width:5.74px"> </div>USD </div><div id="a193074_24_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:652.698px;top:157.4px;">446</div><div id="a193074_27_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:674.952px;top:157.4px;">m </div><div id="a193081" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:172.6px;">and USD </div><div id="a193081_8_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:58.848px;top:172.6px;">475</div><div id="a193081_11_18" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:81.106px;top:172.6px;">m, respectively). </div><div id="a193087" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:195.7px;">Sale of wealth management business<div style="display:inline-block;width:5.11px"> </div>in Spain </div><div id="a193092" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:210.9px;">UBS AG<div style="display:inline-block;width:5.24px"> </div>completed the sale<div style="display:inline-block;width:5.46px"> </div>of its domestic<div style="display:inline-block;width:5.09px"> </div>wealth management<div style="display:inline-block;width:5.03px"> </div>business in<div style="display:inline-block;width:5.58px"> </div>Spain to Singular<div style="display:inline-block;width:5.53px"> </div>Bank in the<div style="display:inline-block;width:5.49px"> </div>third quarter </div><div id="a193094" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:226px;">of<div style="display:inline-block;width:7.14px"> </div>2022.<div style="display:inline-block;width:7.09px"> </div>The<div style="display:inline-block;width:7.32px"> </div>sale<div style="display:inline-block;width:7.04px"> </div>included<div style="display:inline-block;width:7.06px"> </div>the<div style="display:inline-block;width:7.14px"> </div>transition<div style="display:inline-block;width:6.61px"> </div>of<div style="display:inline-block;width:7.14px"> </div>employees,<div style="display:inline-block;width:7.19px"> </div>client<div style="display:inline-block;width:6.73px"> </div>relationships,<div style="display:inline-block;width:7.72px"> </div>products<div style="display:inline-block;width:7.68px"> </div>and<div style="display:inline-block;width:7.5px"> </div>services<div style="display:inline-block;width:6.53px"> </div>of<div style="display:inline-block;width:7.14px"> </div>the<div style="display:inline-block;width:7.14px"> </div>wealth </div><div id="a193102" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:241.2px;">management business<div style="display:inline-block;width:5.73px"> </div>of UBS<div style="display:inline-block;width:5.24px"> </div>AG in Spain<div style="display:inline-block;width:5.44px"> </div>and resulted<div style="display:inline-block;width:5.04px"> </div>in a pre-tax<div style="display:inline-block;width:5.36px"> </div>gain of<div style="display:inline-block;width:5.18px"> </div>USD </div><div id="a193102_77_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:469.578px;top:241.2px;">133</div><div id="a193102_80_32" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:491.805px;top:241.2px;">m in 2022,<div style="display:inline-block;width:5.8px"> </div>which was<div style="display:inline-block;width:5.19px"> </div>recognized </div><div id="a193113" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:256.8px;">in </div><div id="a193114" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:19.093px;top:256.5px;">Other income</div><div id="a193115" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:96.245px;top:256.8px;">. </div><div id="a193117" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:279.5px;">Prior to completion of the sale, the assets and liabilities that were subject to the transaction were presented as a disposal </div><div id="a193119" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:294.6px;">group held<div style="display:inline-block;width:5.56px"> </div>for sale within </div><div id="a193120" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:157.752px;top:294.3px;">Other non-financial assets</div><div id="a193123" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:304.912px;top:294.6px;"><div style="display:inline-block;width:4.27px"> </div>and </div><div id="a193125" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:335.178px;top:294.3px;">Other non-financial liabilities</div><div id="a193128" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:498.458px;top:294.6px;"><div style="display:inline-block;width:4.25px"> </div>(31 December 2021:<div style="display:inline-block;width:5.8px"> </div>USD </div><div id="a193128_24_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:652.698px;top:294.6px;">647</div><div id="a193128_27_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:674.925px;top:294.6px;">m </div><div id="a193135" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:310.2px;">and USD </div><div id="a193135_8_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:58.848px;top:310.2px;">823</div><div id="a193135_11_18" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:81.074px;top:310.2px;">m, respectively). </div><div id="a193140" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:332.9px;">Sale of US alternative investments administration<div style="display:inline-block;width:5.65px"> </div>business </div><div id="a193144" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:348.1px;">In the fourth quarter of 2022, UBS AG sold its US alternative investments administration business and recorded a pre-tax </div><div id="a193150" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:363.2px;">gain of USD </div><div id="a193150_12_2" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:77.292px;top:363.2px;">41</div><div id="a193150_14_10" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:91.952px;top:363.2px;">m gain in </div><div id="a193153" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:149.232px;top:362.9px;">Other income</div><div id="a193154" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:226.352px;top:363.2px;">. </div><div id="a193156" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:386.4px;">Sale of investments in associates and<div style="display:inline-block;width:5.39px"> </div>joint ventures </div><div id="a193159" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:401.5px;">UBS AG<div style="display:inline-block;width:5.24px"> </div>sold its minority investment<div style="display:inline-block;width:5.35px"> </div>(49%) in<div style="display:inline-block;width:5.54px"> </div>its Japanese real<div style="display:inline-block;width:5.48px"> </div>estate joint venture,<div style="display:inline-block;width:5.43px"> </div>Mitsubishi Corp.<div style="display:inline-block;width:1.72px"> </div>-UBS Realty Inc.,<div style="display:inline-block;width:5.04px"> </div>in </div><div id="a193163" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:416.7px;">2022. </div><div id="a193165" style="position:absolute;font-family:'Frutiger';font-size:16.079px;font-weight:bold;font-style:normal;left:20.038px;top:428.8px;">›</div><div id="a193166" style="position:absolute;font-family:'Arial';font-size:16.079px;font-weight:bold;font-style:normal;left:25.24px;top:429px;"> </div><div id="a193167" style="position:absolute;font-family:'Frutiger';font-size:10.877px;font-weight:bold;font-style:normal;left:31.42px;top:433.7px;">Refer to Note 28b<div style="display:inline-block;width:1.58px"> </div>for more information </div><div id="a193174" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#E60000;left:4.905px;top:461.7px;">Acquisitions of subsidiaries and<div style="display:inline-block;width:5.09px"> </div>businesses </div><div id="a193176" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#E60000;left:4.905px;top:484.8px;">Wealthfront </div><div id="a193179" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:499.9px;">In<div style="display:inline-block;width:7.66px"> </div>August<div style="display:inline-block;width:7.75px"> </div>2022,<div style="display:inline-block;width:7.53px"> </div>UBS<div style="display:inline-block;width:7.45px"> </div>AG<div style="display:inline-block;width:7.62px"> </div>and<div style="display:inline-block;width:7.5px"> </div>Wealthfront<div style="display:inline-block;width:7.73px"> </div>mutually<div style="display:inline-block;width:7.25px"> </div>agreed<div style="display:inline-block;width:8.06px"> </div>to<div style="display:inline-block;width:7.62px"> </div>terminate<div style="display:inline-block;width:7.52px"> </div>their<div style="display:inline-block;width:7.83px"> </div>merger<div style="display:inline-block;width:7.31px"> </div>agreement,<div style="display:inline-block;width:7.85px"> </div>under<div style="display:inline-block;width:8.02px"> </div>which </div><div id="a193180" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:515.5px;">Wealthfront was to be acquired by UBS Americas Inc. In the<div style="display:inline-block;width:2.09px"> </div>third quarter of 2022, UBS AG purchased a USD </div><div id="a193180_105_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:619.592px;top:515.5px;">69.7</div><div id="a193180_109_7" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:646.074px;top:515.5px;">m note </div><div id="a193183" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:530.7px;">convertible into Wealthfront<div style="display:inline-block;width:5.03px"> </div>shares.</div></div> 86000000 446000000 475000000 133000000 647000000 823000000 41000000 69700000 <div id="TextBlockContainer1712" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:166px;height:13px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a193218" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note</div><div id="a193219" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#006600;left:35.202px;top:0px;"> </div><div id="a193220" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:38.986px;top:0px;">30<div style="display:inline-block;width:7.97px"> </div>Related parties</div></div><div id="TextBlockContainer1714" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:171px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a193225" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">UBS AG<div style="display:inline-block;width:5.27px"> </div>defines related<div style="display:inline-block;width:5.06px"> </div>parties as associates<div style="display:inline-block;width:5.29px"> </div>(entities that<div style="display:inline-block;width:5.11px"> </div>are significantly<div style="display:inline-block;width:5.39px"> </div>influenced by<div style="display:inline-block;width:5.55px"> </div>UBS), joint<div style="display:inline-block;width:5.09px"> </div>ventures (entities in </div><div id="a193235" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">which UBS shares control<div style="display:inline-block;width:5.27px"> </div>with another party), post-employment benefit<div style="display:inline-block;width:5.57px"> </div>plans for UBS AG employees,<div style="display:inline-block;width:5.07px"> </div>key management </div><div id="a193241" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">personnel, close family members of<div style="display:inline-block;width:5.39px"> </div>key management personnel and<div style="display:inline-block;width:5.52px"> </div>entities that are,<div style="display:inline-block;width:5.52px"> </div>directly or indirectly,<div style="display:inline-block;width:6.39px"> </div>controlled or </div><div id="a193246" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:46.4px;">jointly controlled by key management personnel or their close family members. Key management personnel is defined as </div><div id="a193249" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">members of the Board of Directors<div style="display:inline-block;width:5.28px"> </div>(the BoD) and<div style="display:inline-block;width:5.34px"> </div>Executive Board (the EB). </div><div id="a193255" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:76.6px;"> </div><div id="a193256" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:4.905px;top:99.5px;">a) Remuneration of key<div style="display:inline-block;width:5.46px"> </div>management personnel </div><div id="a193261" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:126.8px;">The<div style="display:inline-block;width:5.44px"> </div>Vice Chairman<div style="display:inline-block;width:6.47px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>BoD<div style="display:inline-block;width:5.29px"> </div>has<div style="display:inline-block;width:5.45px"> </div>a<div style="display:inline-block;width:5.2px"> </div>specific management<div style="display:inline-block;width:6.52px"> </div>employment<div style="display:inline-block;width:5.54px"> </div>contract<div style="display:inline-block;width:5.21px"> </div>and<div style="display:inline-block;width:6.08px"> </div>receives pension<div style="display:inline-block;width:7.1px"> </div>benefits<div style="display:inline-block;width:5.24px"> </div>upon </div><div id="a193268" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:142.4px;">retirement. Total<div style="display:inline-block;width:5.21px"> </div>remuneration of the Chairman and the Vice Chairman of the BoD and all EB members is<div style="display:inline-block;width:1.97px"> </div>included in the </div><div id="a193274" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:157.5px;">table below.</div></div><div id="TextBlockContainer1718" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:198px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1716_XBRL_TS_3b03270da6f540abba8345247e056207" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1717" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:198px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a193280" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Remuneration of key managem<div style="display:inline-block;width:1.7px"> </div>ent personnel </div><div id="a193286" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:15.3px;">USD m, except where indicated </div><div id="a193288" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:507.635px;top:15.3px;">31.12.22 </div><div id="a193290" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:574.822px;top:15.3px;">31.12.21 </div><div id="a193292" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:643.422px;top:15.3px;">31.12.20 </div><div id="a193294" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:30.4px;">Base salaries and other cash payments</div><div id="a193295" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:143.755px;top:31.1px;">1</div><div id="a193297_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:531.755px;top:30.4px;">26</div><div id="a193300_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.942px;top:30.4px;">30</div><div id="a193303_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:30.4px;">31</div><div id="a193306" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:46.5px;">Incentive awards – cash</div><div id="a193310" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:90.755px;top:47.1px;">2</div><div id="a193312_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:531.755px;top:46.5px;">16</div><div id="a193315_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.942px;top:46.5px;">17</div><div id="a193318_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:46.5px;">17</div><div id="a193321" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:63.1px;">Annual incentive award under DCCP </div><div id="a193323_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:531.755px;top:63.1px;">23</div><div id="a193326_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.942px;top:63.1px;">26</div><div id="a193329_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:63.1px;">26</div><div id="a193332" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:79.2px;">Employer’s contributions to retirement<div style="display:inline-block;width:3.75px"> </div>benefit plans </div><div id="a193335_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:536.488px;top:79.2px;">2</div><div id="a193338_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:603.702px;top:79.2px;">2</div><div id="a193341_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.302px;top:79.2px;">2</div><div id="a193344" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:95.7px;">Benefits in kind, fringe benefits (at market<div style="display:inline-block;width:3.75px"> </div>value) </div><div id="a193346_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:536.488px;top:95.7px;">1</div><div id="a193349_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:603.702px;top:95.7px;">1</div><div id="a193352_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.302px;top:95.7px;">1</div><div id="a193355" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:111.8px;">Share-based compensation</div><div id="a193358" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:101.635px;top:112.4px;">3</div><div id="a193360_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:531.755px;top:111.8px;">42</div><div id="a193363_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.942px;top:111.8px;">45</div><div id="a193366_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:111.8px;">45</div><div id="a193369" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:127.4px;">Total </div><div id="a193371_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:526.555px;top:127.4px;">110</div><div id="a193374_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:127.4px;">122</div><div id="a193377_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.368px;top:127.4px;">122</div><div id="a193380" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:144px;">Total (CHF m)</div><div id="a193381" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:53.839px;top:144.6px;">4</div><div id="a193383_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:526.555px;top:144px;">106</div><div id="a193386_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:144px;">112</div><div id="a193389_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.368px;top:144px;">115</div><div id="a193392" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:159.5px;">1 May include role-based<div style="display:inline-block;width:3.38px"> </div>allowances in line with<div style="display:inline-block;width:3.78px"> </div>market practice<div style="display:inline-block;width:3.47px"> </div>and regulatory requirements.<div style="display:inline-block;width:10.73px"> </div>2 The cash<div style="display:inline-block;width:3.5px"> </div>portion may also include<div style="display:inline-block;width:3.77px"> </div>blocked shares in line with<div style="display:inline-block;width:3.79px"> </div>regulatory requirements.<div style="display:inline-block;width:10.47px"> </div>3 Compensation expense </div><div id="a193397" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:169.4px;">is based on<div style="display:inline-block;width:3.78px"> </div>the share<div style="display:inline-block;width:3.48px"> </div>price on<div style="display:inline-block;width:3.62px"> </div>grant date<div style="display:inline-block;width:3.48px"> </div>taking into<div style="display:inline-block;width:3.46px"> </div>account performance<div style="display:inline-block;width:4.42px"> </div>conditions.<div style="display:inline-block;width:3.45px"> </div>Refer to<div style="display:inline-block;width:3.47px"> </div>Note 27 for<div style="display:inline-block;width:4.16px"> </div>more information.<div style="display:inline-block;width:4.39px"> </div>For EB<div style="display:inline-block;width:3.63px"> </div>members, share<div style="display:inline-block;width:1.51px"> </div>-based compensation<div style="display:inline-block;width:3.93px"> </div>for 2022,<div style="display:inline-block;width:3.68px"> </div>2021 and<div style="display:inline-block;width:3.53px"> </div>2020 was<div style="display:inline-block;width:3.52px"> </div>entirely </div><div id="a193401" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:179.8px;">composed of LTIP<div style="display:inline-block;width:4.07px"> </div>awards.<div style="display:inline-block;width:3.48px"> </div>For the Chairman<div style="display:inline-block;width:3.79px"> </div>of the BoD,<div style="display:inline-block;width:3.47px"> </div>the share-based compensation<div style="display:inline-block;width:4.23px"> </div>for 2022, 2021<div style="display:inline-block;width:3.74px"> </div>and 2020 was<div style="display:inline-block;width:3.54px"> </div>entirely composed<div style="display:inline-block;width:3.61px"> </div>of UBS shares.<div style="display:inline-block;width:10.42px"> </div>4 Swiss franc<div style="display:inline-block;width:3.38px"> </div>amounts disclosed<div style="display:inline-block;width:3.61px"> </div>represent the respective </div><div id="a193405" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:189.7px;">US dollar amounts translated<div style="display:inline-block;width:3.46px"> </div>at the applicable performance<div style="display:inline-block;width:3.65px"> </div>award currency exchange<div style="display:inline-block;width:3.98px"> </div>rates (2022: USD / CHF </div><div id="a193405_106_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:350.316px;top:189.7px;">0.96</div><div id="a193405_110_18" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:365.449px;top:189.7px;">; 2021: USD / CHF </div><div id="a193405_128_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:425.292px;top:189.7px;">0.92</div><div id="a193405_132_18" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:439.952px;top:189.7px;">; 2020: USD /<div style="display:inline-block;width:3.38px"> </div>CHF </div><div id="a193405_150_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:500.011px;top:189.7px;">0.94</div><div id="a193405_154_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:514.671px;top:189.7px;">).</div></div></div></div><div id="TextBlockContainer1720" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:98px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a193409" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">The independent<div style="display:inline-block;width:5.05px"> </div>members of the BoD<div style="display:inline-block;width:1.36px"> </div>,<div style="display:inline-block;width:3.88px"> </div>including the Chairman, do<div style="display:inline-block;width:5.4px"> </div>not have employment<div style="display:inline-block;width:5.03px"> </div>or service contracts with<div style="display:inline-block;width:5.53px"> </div>UBS </div><div id="a193415" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.1px;">AG, and thus are not entitled to benefits upon<div style="display:inline-block;width:5.34px"> </div>termination of their service on the BoD. Payments to these individuals for </div><div id="a193420" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.7px;">their services as independent members of<div style="display:inline-block;width:2.15px"> </div>the BoD amounted to USD </div><div id="a193420_65_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:395.311px;top:30.7px;">11.1</div><div id="a193420_69_7" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:421.791px;top:30.7px;">m (CHF </div><div id="a193420_76_4" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:466.244px;top:30.7px;">10.7</div><div id="a193420_80_16" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:492.254px;top:30.7px;">m) in 2022, USD </div><div id="a193420_96_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:588.818px;top:30.7px;">7.5</div><div id="a193420_99_7" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:607.765px;top:30.7px;">m (CHF </div><div id="a193420_106_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:652.698px;top:30.7px;">6.9</div><div id="a193420_109_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:671.614px;top:30.7px;">m) </div><div id="a193444" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.9px;">in 2021 and USD </div><div id="a193444_16_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:106.165px;top:45.9px;">7.0</div><div id="a193444_19_7" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:124.612px;top:45.9px;">m (CHF </div><div id="a193444_26_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:170.512px;top:45.9px;">6.6</div><div id="a193444_29_12" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:189.428px;top:45.9px;">m) in 2020. </div><div id="a193458" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;"> </div><div id="a193459" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:4.905px;top:83.9px;">b) Equity holdings of key management<div style="display:inline-block;width:5.9px"> </div>personnel</div></div><div id="TextBlockContainer1724" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:687px;height:68px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1722_XBRL_TS_515a3a5a4e7c409fb634360b1abcd60a" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1723" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:687px;height:68px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a193464" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:2.8px;">Equity holdings of key management<div style="display:inline-block;width:4.61px"> </div>personnel</div><div id="a193465" style="position:absolute;font-family:'Frutiger';font-size:6.148px;font-weight:bold;font-style:normal;left:224.182px;top:3.5px;">1</div><div id="a193470" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:578.128px;top:18.6px;">31.12.22 </div><div id="a193472" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:646.262px;top:18.6px;">31.12.21 </div><div id="a193474" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:34.2px;">Number of UBS Group AG shares held by members of the<div style="display:inline-block;width:3.83px"> </div>BoD, EB and parties closely linked<div style="display:inline-block;width:4.54px"> </div>to them</div><div id="a193476" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:368.515px;top:34.9px;">2</div><div id="a193478_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:573.408px;top:34.2px;-sec-ix-hidden:ID_119;">2,443,580</div><div id="a193481_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:641.542px;top:34.2px;">4,175,515</div><div id="a193484" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:49.3px;">1 No options were<div style="display:inline-block;width:3.78px"> </div>held in 2022 and<div style="display:inline-block;width:3.69px"> </div>2021 by non-independent<div style="display:inline-block;width:4.65px"> </div>members of the BoD<div style="display:inline-block;width:3.77px"> </div>and any EB<div style="display:inline-block;width:3.65px"> </div>member or any<div style="display:inline-block;width:3.62px"> </div>of its related parties.<div style="display:inline-block;width:10.89px"> </div>2 Excludes shares<div style="display:inline-block;width:4.28px"> </div>granted under<div style="display:inline-block;width:3.39px"> </div>variable compensation<div style="display:inline-block;width:3.92px"> </div>plans with forfeiture </div><div id="a193488" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:59.7px;">provisions.</div></div></div></div><div id="TextBlockContainer1726" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:210px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a193492" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:0px;">Of the share totals above, no shares<div style="display:inline-block;width:5.09px"> </div>were held by close family members of key management personnel<div style="display:inline-block;width:5.29px"> </div>on 31 December </div><div id="a193499" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:15.6px;">2022 and 31 December 2021.<div style="display:inline-block;width:3.37px"> </div>No shares were held by<div style="display:inline-block;width:2.12px"> </div>entities that are directly<div style="display:inline-block;width:2.07px"> </div>or indirectly controlled or jointly controlled </div><div id="a193508" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:30.8px;">by<div style="display:inline-block;width:5.67px"> </div>key<div style="display:inline-block;width:5.47px"> </div>management<div style="display:inline-block;width:5.82px"> </div>personnel<div style="display:inline-block;width:6.28px"> </div>or<div style="display:inline-block;width:5.25px"> </div>their<div style="display:inline-block;width:5.47px"> </div>close<div style="display:inline-block;width:5.62px"> </div>family members<div style="display:inline-block;width:7.22px"> </div>on<div style="display:inline-block;width:6.08px"> </div>31 December<div style="display:inline-block;width:5.81px"> </div>2022<div style="display:inline-block;width:6.07px"> </div>and<div style="display:inline-block;width:5.13px"> </div>31 December<div style="display:inline-block;width:6.06px"> </div>2021.<div style="display:inline-block;width:5.69px"> </div>As<div style="display:inline-block;width:5.4px"> </div>of </div><div id="a193518" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:45.9px;">31 December 2022,<div style="display:inline-block;width:4.28px"> </div>no member of<div style="display:inline-block;width:2.3px"> </div>the BoD or EB was the beneficial owner of more than 1% of the<div style="display:inline-block;width:2.08px"> </div>shares in UBS Group </div><div id="a193526" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:61.5px;">AG.<div style="display:inline-block;width:3.97px"> </div></div><div id="a193529" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#9A3D37;left:4.905px;top:83.9px;">c) Loans, advances and mortgages to<div style="display:inline-block;width:5.04px"> </div>key management<div style="display:inline-block;width:5.53px"> </div>personnel </div><div id="a193534" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:111.7px;">The non<div style="display:inline-block;width:1.89px"> </div>-independent<div style="display:inline-block;width:5.06px"> </div>members<div style="display:inline-block;width:4.62px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>BoD<div style="display:inline-block;width:5.29px"> </div>and<div style="display:inline-block;width:5.13px"> </div>EB members<div style="display:inline-block;width:5.77px"> </div>are granted<div style="display:inline-block;width:6.29px"> </div>loans,<div style="display:inline-block;width:5.18px"> </div>fixed<div style="display:inline-block;width:5.42px"> </div>advances and<div style="display:inline-block;width:6.23px"> </div>mortgages in<div style="display:inline-block;width:6.07px"> </div>the </div><div id="a193542" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:126.8px;">ordinary<div style="display:inline-block;width:6.38px"> </div>course<div style="display:inline-block;width:6.28px"> </div>of<div style="display:inline-block;width:6.2px"> </div>business<div style="display:inline-block;width:6.8px"> </div>on<div style="display:inline-block;width:6.55px"> </div>substantially<div style="display:inline-block;width:6.03px"> </div>the<div style="display:inline-block;width:6.2px"> </div>same<div style="display:inline-block;width:6.04px"> </div>terms<div style="display:inline-block;width:6.21px"> </div>and<div style="display:inline-block;width:6.55px"> </div>conditions<div style="display:inline-block;width:6.64px"> </div>that<div style="display:inline-block;width:6.04px"> </div>are<div style="display:inline-block;width:6.23px"> </div>available<div style="display:inline-block;width:6.31px"> </div>to<div style="display:inline-block;width:6.2px"> </div>other<div style="display:inline-block;width:6.25px"> </div>employees, </div><div id="a193544" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:141.9px;">including interest rates and collateral,<div style="display:inline-block;width:1.89px"> </div>and neither involve more than the<div style="display:inline-block;width:2.09px"> </div>normal risk of collectability<div style="display:inline-block;width:2.3px"> </div>nor contain any other </div><div id="a193550" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:157.5px;">unfavorable features for the firm. Independent BoD members are granted loans and mortgages in the ordinary course of </div><div id="a193552" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:172.7px;">business at general market conditions. </div><div id="a193554" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:195.9px;">Movements in the loan, advances and<div style="display:inline-block;width:5.3px"> </div>mortgage balances are as follows.</div></div><div id="TextBlockContainer1730" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:133px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1728_XBRL_TS_4022c917849043fda75e510595b7c6ec" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1729" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:133px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a193597" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:2.8px;">Loans, advances and mortgages<div style="display:inline-block;width:4.31px"> </div>to key management personnel</div><div id="a193599" style="position:absolute;font-family:'Frutiger';font-size:6.148px;font-weight:bold;font-style:normal;left:301.328px;top:3.5px;">1</div><div id="a193601" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:18.6px;">USD m, except where indicated </div><div id="a193603" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:18.6px;">2022 </div><div id="a193605" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.542px;top:18.6px;">2021 </div><div id="a193607" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:34.2px;">Balance at the beginning of the year </div><div id="a193609_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.342px;top:34.2px;">28</div><div id="a193612_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.475px;top:34.2px;">31</div><div id="a193615" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:50.3px;">Additions </div><div id="a193617_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:606.062px;top:50.3px;">8</div><div id="a193620_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.475px;top:50.3px;">11</div><div id="a193623" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:66.9px;">Reductions </div><div id="a193625_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.342px;top:66.9px;display:flex;">(7)</div><div id="a193628_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:66.9px;display:flex;">(15)</div><div id="a193631" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:82.5px;">Balance at the end of the year</div><div id="a193632" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:112.982px;top:83.1px;">2</div><div id="a193634_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.342px;top:82.5px;">28</div><div id="a193637_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.475px;top:82.5px;">28</div><div id="a193640" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:98.6px;">Balance at the end of the year (CHF m)</div><div id="a193641" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:144.702px;top:99.2px;">2, 3</div><div id="a193643_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.342px;top:98.6px;">26</div><div id="a193646_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.475px;top:98.6px;">25</div><div id="a193649" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:114.1px;">1 All loans are secured loans.<div style="display:inline-block;width:10.27px"> </div>2 There were no<div style="display:inline-block;width:3.81px"> </div>unused uncommitted credit<div style="display:inline-block;width:3.62px"> </div>facilities as of 31 December<div style="display:inline-block;width:3.66px"> </div>2022 and 31 December<div style="display:inline-block;width:3.65px"> </div>2021.<div style="display:inline-block;width:9.04px"> </div>3 Swiss franc amounts<div style="display:inline-block;width:4.12px"> </div>disclosed represent the respective<div style="display:inline-block;width:4.09px"> </div>US dollar amounts </div><div id="a193652" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:124.5px;">translated at the relevant year-end<div style="display:inline-block;width:4.11px"> </div>closing exchange<div style="display:inline-block;width:3.47px"> </div>rate.</div></div></div></div><div id="TextBlockContainer1732" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#9A3D37;line-height:normal;width:695px;height:156px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a193658" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">d) Other related-party<div style="display:inline-block;width:5.03px"> </div>transactions with entities controlled by<div style="display:inline-block;width:5.22px"> </div>key management personnel </div><div id="a193662" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:27.8px;">In 2022<div style="display:inline-block;width:4.35px"> </div>and 2021, UBS AG did not enter into transactions<div style="display:inline-block;width:5.04px"> </div>with entities that are directly or<div style="display:inline-block;width:5.06px"> </div>indirectly controlled<div style="display:inline-block;width:5.26px"> </div>or jointly </div><div id="a193671" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:42.9px;">controlled<div style="display:inline-block;width:6.95px"> </div>by<div style="display:inline-block;width:6.62px"> </div>UBS<div style="display:inline-block;width:7.04px"> </div>AG’s<div style="display:inline-block;width:6.39px"> </div>key<div style="display:inline-block;width:6.42px"> </div>management<div style="display:inline-block;width:6.83px"> </div>personnel<div style="display:inline-block;width:6.77px"> </div>or<div style="display:inline-block;width:6.67px"> </div>their<div style="display:inline-block;width:6.41px"> </div>close<div style="display:inline-block;width:6.57px"> </div>family<div style="display:inline-block;width:5.9px"> </div>members<div style="display:inline-block;width:7.36px"> </div>and<div style="display:inline-block;width:7.03px"> </div>as<div style="display:inline-block;width:6.2px"> </div>of<div style="display:inline-block;width:6.67px"> </div>31 December<div style="display:inline-block;width:6.67px"> </div>2022, </div><div id="a193682" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:58.5px;">31</div><div id="a193683" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:58.5px;"> </div><div id="a193684" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:23.821px;top:58.5px;">December<div style="display:inline-block;width:7.89px"> </div>20</div><div id="a193685" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:104.285px;top:58.5px;">21</div><div id="a193686" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:119.418px;top:58.5px;"> </div><div id="a193687" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:127.445px;top:58.5px;">and<div style="display:inline-block;width:7.97px"> </div>31</div><div id="a193688" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:171.938px;top:58.5px;"> </div><div id="a193689" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:175.725px;top:58.5px;">December<div style="display:inline-block;width:7.89px"> </div>20</div><div id="a193690" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:256.178px;top:58.5px;">20</div><div id="a193691" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:271.312px;top:58.5px;">,<div style="display:inline-block;width:8.14px"> </div>there<div style="display:inline-block;width:8.17px"> </div>were<div style="display:inline-block;width:8.23px"> </div>no<div style="display:inline-block;width:8.44px"> </div>outstanding<div style="display:inline-block;width:8.42px"> </div>balances<div style="display:inline-block;width:7.71px"> </div>related<div style="display:inline-block;width:8.54px"> </div>to<div style="display:inline-block;width:8.09px"> </div>such<div style="display:inline-block;width:8.29px"> </div>transactions. </div><div id="a193692" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:73.7px;">Furthermore, in 202<div style="display:inline-block;width:1.44px"> </div>2<div style="display:inline-block;width:4.01px"> </div>and 2021, entities controlled by key management personnel<div style="display:inline-block;width:5.52px"> </div>did not sell any goods or provide<div style="display:inline-block;width:5.15px"> </div>any </div><div id="a193699" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:88.8px;">services to UBS<div style="display:inline-block;width:5.79px"> </div>AG, and<div style="display:inline-block;width:5.39px"> </div>therefore did<div style="display:inline-block;width:5.4px"> </div>not receive any fees<div style="display:inline-block;width:5.71px"> </div>from UBS<div style="display:inline-block;width:5.36px"> </div>AG. UBS<div style="display:inline-block;width:5.36px"> </div>AG also<div style="display:inline-block;width:5.04px"> </div>did not provide<div style="display:inline-block;width:5.87px"> </div>services to such </div><div id="a193708" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:104.4px;">entities in 2022<div style="display:inline-block;width:4.7px"> </div>and 2021, and therefore also received<div style="display:inline-block;width:5.3px"> </div>no fees. </div><div id="a193716" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:119.6px;"> </div><div id="a193717" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:142.4px;">e) Transactions with associates and<div style="display:inline-block;width:5.21px"> </div>joint ventures</div></div><div id="TextBlockContainer1736" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:266px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1734_XBRL_TS_40a372f5faf24237855155f6af198906" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1735" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:266px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a193719" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Loans to and outstanding<div style="display:inline-block;width:4.19px"> </div>receivables from associates and joint<div style="display:inline-block;width:4.2px"> </div>ventures </div><div id="a193724" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:15.3px;">USD m </div><div id="a193727" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:15.3px;">2022 </div><div id="a193729" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.542px;top:15.3px;">2021 </div><div id="a193731" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:30.9px;">Carrying amount at the beginning of the year </div><div id="a193734_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:30.9px;">251</div><div id="a193737_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:30.9px;">630</div><div id="a193740" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:47.5px;">Additions </div><div id="a193743_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:47.5px;">402</div><div id="a193746_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:47.5px;">133</div><div id="a193749" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:64px;">Reductions </div><div id="a193752_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:64px;display:flex;">(438)</div><div id="a193755_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.542px;top:64px;display:flex;">(497)</div><div id="a193758" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:80.1px;">Foreign currency translation </div><div id="a193761_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:606.062px;top:80.1px;">1</div><div id="a193764_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:80.1px;display:flex;">(14)</div><div id="a193767" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:96.7px;">Carrying amount at the end of the year<div style="display:inline-block;width:3.83px"> </div></div><div id="a193770_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:96.7px;">217</div><div id="a193773_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:96.7px;">251</div><div id="a193776" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:112.8px;">of which: unsecured loans and receivables </div><div id="a193779_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:596.102px;top:112.8px;">209</div><div id="a193782_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:112.8px;">243</div><div id="a193793" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:159.9px;">Other transactions with associates and joint<div style="display:inline-block;width:4.25px"> </div>ventures </div><div id="a193800" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.422px;top:175.7px;">As of or for the year ended </div><div id="a193802" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:191.3px;">USD m </div><div id="a193805" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:577.195px;top:191.3px;">31.12.22 </div><div id="a193807" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.315px;top:191.3px;">31.12.21 </div><div id="a193809" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:206.9px;">Payments to associates and joint ventures for goods<div style="display:inline-block;width:3.86px"> </div>and services received </div><div id="a193812_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:206.9px;">138</div><div id="a193815_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:206.9px;">157</div><div id="a193818" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:223px;">Fees received for services provided to<div style="display:inline-block;width:3.7px"> </div>associates and joint ventures </div><div id="a193821_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:606.062px;top:223px;">4</div><div id="a193824_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:223px;">104</div><div id="a193827" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:239.6px;">Liabilities to associates and joint ventures </div><div id="a193830_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.342px;top:239.6px;">90</div><div id="a193833_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:239.6px;">127</div><div id="a193836" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:256.1px;">Commitments and contingent liabilities to associates and<div style="display:inline-block;width:3.78px"> </div>joint ventures </div><div id="a193839_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:606.062px;top:256.1px;">7</div><div id="a193842_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.195px;top:256.1px;">7</div></div></div></div><div id="TextBlockContainer1738" style="position:relative;font-family:'Frutiger';font-size:10.877px;color:#000000;line-height:normal;width:594px;height:50px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a193847" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:30.544px;top:0px;">Refer to Note 28<div style="display:inline-block;width:1.6px"> </div>for an overview<div style="display:inline-block;width:1.62px"> </div>of investments<div style="display:inline-block;width:1.5px"> </div>in associates and<div style="display:inline-block;width:1.56px"> </div>joint ventures </div><div id="a193855" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:light;font-style:normal;left:4.029px;top:13.2px;"> </div><div id="a193856" style="position:absolute;font-family:'Frutiger';font-size:13.241px;font-weight:bold;font-style:normal;color:#9A3D37;left:4.029px;top:36.1px;">f) Receivables and payables<div style="display:inline-block;width:5.43px"> </div>from / to UBS Group AG and other subsidiaries<div style="display:inline-block;width:5.2px"> </div>of UBS Group AG</div></div><div id="TextBlockContainer1742" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:178px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1740_XBRL_TS_17b28dc6a7f846778dcc0c4ea60e4619" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1741" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:178px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a193858" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a193861" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a193863" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a193865" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:22.2px;">Receivables </div><div id="a193870" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:36.4px;">Loans and advances to customers </div><div id="a193873_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:36.4px;">2,807</div><div id="a193876_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:36.4px;">1,049</div><div id="a193879" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:53px;">Financial assets at fair value held for trading </div><div id="a193882_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:53px;">146</div><div id="a193885_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:53px;">187</div><div id="a193888" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:69.1px;">Other financial assets measured at amortized cost </div><div id="a193891_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:69.1px;">147</div><div id="a193894_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:69.1px;">45</div><div id="a193897" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:91.3px;">Payables </div><div id="a193902" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:105.5px;">Customer deposits </div><div id="a193905_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:105.5px;">2,119</div><div id="a193908_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:105.5px;">2,828</div><div id="a193911" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:122px;">Funding from UBS Group AG </div><div id="a193914_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:122px;">56,147</div><div id="a193917_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:122px;">57,295</div><div id="a193920" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:138.1px;">Other financial liabilities measured at amortized cost </div><div id="a193923_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:138.1px;">1,985</div><div id="a193926_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:138.1px;">1,887</div><div id="a193929" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:154.7px;">Other financial liabilities designated at fair value</div><div id="a193930" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:178.257px;top:155.3px;">1</div><div id="a193933_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:154.7px;">1,796</div><div id="a193936_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:154.7px;">2,340</div><div id="a193939" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:169.7px;">1 Represents funding recognized<div style="display:inline-block;width:3.5px"> </div>from UBS Group AG<div style="display:inline-block;width:3.61px"> </div>that is designated at fair<div style="display:inline-block;width:3.63px"> </div>value. Refer to Note 18b<div style="display:inline-block;width:3.81px"> </div>for more information.</div></div></div></div> <div id="TextBlockContainer1717" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:684px;height:198px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a193280" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Remuneration of key managem<div style="display:inline-block;width:1.7px"> </div>ent personnel </div><div id="a193286" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:15.3px;">USD m, except where indicated </div><div id="a193288" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:507.635px;top:15.3px;">31.12.22 </div><div id="a193290" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:574.822px;top:15.3px;">31.12.21 </div><div id="a193292" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:643.422px;top:15.3px;">31.12.20 </div><div id="a193294" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:30.4px;">Base salaries and other cash payments</div><div id="a193295" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:143.755px;top:31.1px;">1</div><div id="a193297_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:531.755px;top:30.4px;">26</div><div id="a193300_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.942px;top:30.4px;">30</div><div id="a193303_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:30.4px;">31</div><div id="a193306" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:46.5px;">Incentive awards – cash</div><div id="a193310" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:90.755px;top:47.1px;">2</div><div id="a193312_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:531.755px;top:46.5px;">16</div><div id="a193315_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.942px;top:46.5px;">17</div><div id="a193318_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:46.5px;">17</div><div id="a193321" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:63.1px;">Annual incentive award under DCCP </div><div id="a193323_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:531.755px;top:63.1px;">23</div><div id="a193326_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.942px;top:63.1px;">26</div><div id="a193329_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:63.1px;">26</div><div id="a193332" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:79.2px;">Employer’s contributions to retirement<div style="display:inline-block;width:3.75px"> </div>benefit plans </div><div id="a193335_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:536.488px;top:79.2px;">2</div><div id="a193338_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:603.702px;top:79.2px;">2</div><div id="a193341_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.302px;top:79.2px;">2</div><div id="a193344" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:95.7px;">Benefits in kind, fringe benefits (at market<div style="display:inline-block;width:3.75px"> </div>value) </div><div id="a193346_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:536.488px;top:95.7px;">1</div><div id="a193349_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:603.702px;top:95.7px;">1</div><div id="a193352_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.302px;top:95.7px;">1</div><div id="a193355" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:111.8px;">Share-based compensation</div><div id="a193358" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:101.635px;top:112.4px;">3</div><div id="a193360_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:531.755px;top:111.8px;">42</div><div id="a193363_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.942px;top:111.8px;">45</div><div id="a193366_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:667.582px;top:111.8px;">45</div><div id="a193369" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:127.4px;">Total </div><div id="a193371_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:526.555px;top:127.4px;">110</div><div id="a193374_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:127.4px;">122</div><div id="a193377_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.368px;top:127.4px;">122</div><div id="a193380" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:144px;">Total (CHF m)</div><div id="a193381" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:53.839px;top:144.6px;">4</div><div id="a193383_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:526.555px;top:144px;">106</div><div id="a193386_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:144px;">112</div><div id="a193389_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.368px;top:144px;">115</div><div id="a193392" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:159.5px;">1 May include role-based<div style="display:inline-block;width:3.38px"> </div>allowances in line with<div style="display:inline-block;width:3.78px"> </div>market practice<div style="display:inline-block;width:3.47px"> </div>and regulatory requirements.<div style="display:inline-block;width:10.73px"> </div>2 The cash<div style="display:inline-block;width:3.5px"> </div>portion may also include<div style="display:inline-block;width:3.77px"> </div>blocked shares in line with<div style="display:inline-block;width:3.79px"> </div>regulatory requirements.<div style="display:inline-block;width:10.47px"> </div>3 Compensation expense </div><div id="a193397" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:169.4px;">is based on<div style="display:inline-block;width:3.78px"> </div>the share<div style="display:inline-block;width:3.48px"> </div>price on<div style="display:inline-block;width:3.62px"> </div>grant date<div style="display:inline-block;width:3.48px"> </div>taking into<div style="display:inline-block;width:3.46px"> </div>account performance<div style="display:inline-block;width:4.42px"> </div>conditions.<div style="display:inline-block;width:3.45px"> </div>Refer to<div style="display:inline-block;width:3.47px"> </div>Note 27 for<div style="display:inline-block;width:4.16px"> </div>more information.<div style="display:inline-block;width:4.39px"> </div>For EB<div style="display:inline-block;width:3.63px"> </div>members, share<div style="display:inline-block;width:1.51px"> </div>-based compensation<div style="display:inline-block;width:3.93px"> </div>for 2022,<div style="display:inline-block;width:3.68px"> </div>2021 and<div style="display:inline-block;width:3.53px"> </div>2020 was<div style="display:inline-block;width:3.52px"> </div>entirely </div><div id="a193401" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:179.8px;">composed of LTIP<div style="display:inline-block;width:4.07px"> </div>awards.<div style="display:inline-block;width:3.48px"> </div>For the Chairman<div style="display:inline-block;width:3.79px"> </div>of the BoD,<div style="display:inline-block;width:3.47px"> </div>the share-based compensation<div style="display:inline-block;width:4.23px"> </div>for 2022, 2021<div style="display:inline-block;width:3.74px"> </div>and 2020 was<div style="display:inline-block;width:3.54px"> </div>entirely composed<div style="display:inline-block;width:3.61px"> </div>of UBS shares.<div style="display:inline-block;width:10.42px"> </div>4 Swiss franc<div style="display:inline-block;width:3.38px"> </div>amounts disclosed<div style="display:inline-block;width:3.61px"> </div>represent the respective </div><div id="a193405" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:189.7px;">US dollar amounts translated<div style="display:inline-block;width:3.46px"> </div>at the applicable performance<div style="display:inline-block;width:3.65px"> </div>award currency exchange<div style="display:inline-block;width:3.98px"> </div>rates (2022: USD / CHF </div><div id="a193405_106_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:350.316px;top:189.7px;">0.96</div><div id="a193405_110_18" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:365.449px;top:189.7px;">; 2021: USD / CHF </div><div id="a193405_128_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:425.292px;top:189.7px;">0.92</div><div id="a193405_132_18" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:439.952px;top:189.7px;">; 2020: USD /<div style="display:inline-block;width:3.38px"> </div>CHF </div><div id="a193405_150_4" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:500.011px;top:189.7px;">0.94</div><div id="a193405_154_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:514.671px;top:189.7px;">).</div></div> 26000000 30000000 31000000 16000000 17000000 17000000 23000000 26000000 26000000 2000000 2000000 2000000 1000000 1000000 1000000 42000000 45000000 45000000 110000000 122000000 122000000 106000000 112000000 115000000 0.96 0.92 0.94 11100000 10700000 7500000 6900000 7000000.0 6600000 <div id="TextBlockContainer1723" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:687px;height:68px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a193464" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:2.8px;">Equity holdings of key management<div style="display:inline-block;width:4.61px"> </div>personnel</div><div id="a193465" style="position:absolute;font-family:'Frutiger';font-size:6.148px;font-weight:bold;font-style:normal;left:224.182px;top:3.5px;">1</div><div id="a193470" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:578.128px;top:18.6px;">31.12.22 </div><div id="a193472" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:646.262px;top:18.6px;">31.12.21 </div><div id="a193474" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:34.2px;">Number of UBS Group AG shares held by members of the<div style="display:inline-block;width:3.83px"> </div>BoD, EB and parties closely linked<div style="display:inline-block;width:4.54px"> </div>to them</div><div id="a193476" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:368.515px;top:34.9px;">2</div><div id="a193478_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:573.408px;top:34.2px;-sec-ix-hidden:ID_119;">2,443,580</div><div id="a193481_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:641.542px;top:34.2px;">4,175,515</div><div id="a193484" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:49.3px;">1 No options were<div style="display:inline-block;width:3.78px"> </div>held in 2022 and<div style="display:inline-block;width:3.69px"> </div>2021 by non-independent<div style="display:inline-block;width:4.65px"> </div>members of the BoD<div style="display:inline-block;width:3.77px"> </div>and any EB<div style="display:inline-block;width:3.65px"> </div>member or any<div style="display:inline-block;width:3.62px"> </div>of its related parties.<div style="display:inline-block;width:10.89px"> </div>2 Excludes shares<div style="display:inline-block;width:4.28px"> </div>granted under<div style="display:inline-block;width:3.39px"> </div>variable compensation<div style="display:inline-block;width:3.92px"> </div>plans with forfeiture </div><div id="a193488" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:59.7px;">provisions.</div></div> 4175515 <div id="TextBlockContainer1729" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:133px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a193597" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:2.8px;">Loans, advances and mortgages<div style="display:inline-block;width:4.31px"> </div>to key management personnel</div><div id="a193599" style="position:absolute;font-family:'Frutiger';font-size:6.148px;font-weight:bold;font-style:normal;left:301.328px;top:3.5px;">1</div><div id="a193601" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:18.6px;">USD m, except where indicated </div><div id="a193603" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:18.6px;">2022 </div><div id="a193605" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.542px;top:18.6px;">2021 </div><div id="a193607" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:34.2px;">Balance at the beginning of the year </div><div id="a193609_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.342px;top:34.2px;">28</div><div id="a193612_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.475px;top:34.2px;">31</div><div id="a193615" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:50.3px;">Additions </div><div id="a193617_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:606.062px;top:50.3px;">8</div><div id="a193620_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.475px;top:50.3px;">11</div><div id="a193623" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:66.9px;">Reductions </div><div id="a193625_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.342px;top:66.9px;display:flex;">(7)</div><div id="a193628_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:66.9px;display:flex;">(15)</div><div id="a193631" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:82.5px;">Balance at the end of the year</div><div id="a193632" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:112.982px;top:83.1px;">2</div><div id="a193634_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.342px;top:82.5px;">28</div><div id="a193637_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.475px;top:82.5px;">28</div><div id="a193640" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:98.6px;">Balance at the end of the year (CHF m)</div><div id="a193641" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:144.702px;top:99.2px;">2, 3</div><div id="a193643_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.342px;top:98.6px;">26</div><div id="a193646_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:669.475px;top:98.6px;">25</div><div id="a193649" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:114.1px;">1 All loans are secured loans.<div style="display:inline-block;width:10.27px"> </div>2 There were no<div style="display:inline-block;width:3.81px"> </div>unused uncommitted credit<div style="display:inline-block;width:3.62px"> </div>facilities as of 31 December<div style="display:inline-block;width:3.66px"> </div>2022 and 31 December<div style="display:inline-block;width:3.65px"> </div>2021.<div style="display:inline-block;width:9.04px"> </div>3 Swiss franc amounts<div style="display:inline-block;width:4.12px"> </div>disclosed represent the respective<div style="display:inline-block;width:4.09px"> </div>US dollar amounts </div><div id="a193652" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:124.5px;">translated at the relevant year-end<div style="display:inline-block;width:4.11px"> </div>closing exchange<div style="display:inline-block;width:3.47px"> </div>rate.</div></div> 28000000 31000000 8000000 11000000 7000000 15000000 28000000 28000000 26000000 25000000 <div id="TextBlockContainer1735" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:266px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a193719" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Loans to and outstanding<div style="display:inline-block;width:4.19px"> </div>receivables from associates and joint<div style="display:inline-block;width:4.2px"> </div>ventures </div><div id="a193724" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:15.3px;">USD m </div><div id="a193727" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:15.3px;">2022 </div><div id="a193729" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.542px;top:15.3px;">2021 </div><div id="a193731" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:30.9px;">Carrying amount at the beginning of the year </div><div id="a193734_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:30.9px;">251</div><div id="a193737_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:30.9px;">630</div><div id="a193740" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:47.5px;">Additions </div><div id="a193743_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:47.5px;">402</div><div id="a193746_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:47.5px;">133</div><div id="a193749" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:64px;">Reductions </div><div id="a193752_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:64px;display:flex;">(438)</div><div id="a193755_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.542px;top:64px;display:flex;">(497)</div><div id="a193758" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:80.1px;">Foreign currency translation </div><div id="a193761_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:606.062px;top:80.1px;">1</div><div id="a193764_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:80.1px;display:flex;">(14)</div><div id="a193767" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:96.7px;">Carrying amount at the end of the year<div style="display:inline-block;width:3.83px"> </div></div><div id="a193770_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:96.7px;">217</div><div id="a193773_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:96.7px;">251</div><div id="a193776" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:112.8px;">of which: unsecured loans and receivables </div><div id="a193779_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:596.102px;top:112.8px;">209</div><div id="a193782_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:112.8px;">243</div><div id="a193793" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:159.9px;">Other transactions with associates and joint<div style="display:inline-block;width:4.25px"> </div>ventures </div><div id="a193800" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.422px;top:175.7px;">As of or for the year ended </div><div id="a193802" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:191.3px;">USD m </div><div id="a193805" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:577.195px;top:191.3px;">31.12.22 </div><div id="a193807" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.315px;top:191.3px;">31.12.21 </div><div id="a193809" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:206.9px;">Payments to associates and joint ventures for goods<div style="display:inline-block;width:3.86px"> </div>and services received </div><div id="a193812_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:206.9px;">138</div><div id="a193815_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:206.9px;">157</div><div id="a193818" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:223px;">Fees received for services provided to<div style="display:inline-block;width:3.7px"> </div>associates and joint ventures </div><div id="a193821_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:606.062px;top:223px;">4</div><div id="a193824_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:223px;">104</div><div id="a193827" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:239.6px;">Liabilities to associates and joint ventures </div><div id="a193830_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.342px;top:239.6px;">90</div><div id="a193833_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:239.6px;">127</div><div id="a193836" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:256.1px;">Commitments and contingent liabilities to associates and<div style="display:inline-block;width:3.78px"> </div>joint ventures </div><div id="a193839_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:606.062px;top:256.1px;">7</div><div id="a193842_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:674.195px;top:256.1px;">7</div></div> 251000000 630000000 402000000 133000000 438000000 497000000 1000000 -14000000 217000000 251000000 209000000 243000000 138000000 157000000 4000000 104000000 90000000 127000000 7000000 7000000 <div id="TextBlockContainer1741" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:178px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a193858" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.181px;top:0px;">USD m </div><div id="a193861" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:576.697px;top:0px;">31.12.22 </div><div id="a193863" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:0px;">31.12.21 </div><div id="a193865" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:22.2px;">Receivables </div><div id="a193870" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:36.4px;">Loans and advances to customers </div><div id="a193873_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:36.4px;">2,807</div><div id="a193876_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:36.4px;">1,049</div><div id="a193879" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:53px;">Financial assets at fair value held for trading </div><div id="a193882_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:53px;">146</div><div id="a193885_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.764px;top:53px;">187</div><div id="a193888" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:69.1px;">Other financial assets measured at amortized cost </div><div id="a193891_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:595.604px;top:69.1px;">147</div><div id="a193894_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.977px;top:69.1px;">45</div><div id="a193897" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:91.3px;">Payables </div><div id="a193902" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:105.5px;">Customer deposits </div><div id="a193905_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:105.5px;">2,119</div><div id="a193908_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:105.5px;">2,828</div><div id="a193911" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:122px;">Funding from UBS Group AG </div><div id="a193914_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:583.79px;top:122px;">56,147</div><div id="a193917_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.95px;top:122px;">57,295</div><div id="a193920" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:138.1px;">Other financial liabilities measured at amortized cost </div><div id="a193923_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:138.1px;">1,985</div><div id="a193926_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:138.1px;">1,887</div><div id="a193929" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:154.7px;">Other financial liabilities designated at fair value</div><div id="a193930" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:178.257px;top:155.3px;">1</div><div id="a193933_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:588.51px;top:154.7px;">1,796</div><div id="a193936_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.67px;top:154.7px;">2,340</div><div id="a193939" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:169.7px;">1 Represents funding recognized<div style="display:inline-block;width:3.5px"> </div>from UBS Group AG<div style="display:inline-block;width:3.61px"> </div>that is designated at fair<div style="display:inline-block;width:3.63px"> </div>value. Refer to Note 18b<div style="display:inline-block;width:3.81px"> </div>for more information.</div></div> 2807000000 1049000000 146000000 187000000 147000000 45000000 2119000000 2828000000 56147000000 57295000000 1985000000 1887000000 1796000000 2340000000 <div id="TextBlockContainer1744" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:537px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a193975" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 31<div style="display:inline-block;width:8.21px"> </div>Invested assets and net new money<div style="display:inline-block;width:5.15px"> </div></div><div id="a193981" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:26.8px;">The following<div style="display:inline-block;width:6.43px"> </div>disclosures<div style="display:inline-block;width:5.16px"> </div>provide<div style="display:inline-block;width:5.25px"> </div>a breakdown<div style="display:inline-block;width:6.78px"> </div>of UBS<div style="display:inline-block;width:6.24px"> </div>AG’s invested<div style="display:inline-block;width:6.02px"> </div>assets and<div style="display:inline-block;width:6.24px"> </div>a presentation<div style="display:inline-block;width:5.83px"> </div>of their<div style="display:inline-block;width:5.62px"> </div>development, </div><div id="a193993" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:42.4px;">including net new money,<div style="display:inline-block;width:6.32px"> </div>as required by the Swiss<div style="display:inline-block;width:5.07px"> </div>Financial Market Supervisory Authority<div style="display:inline-block;width:5.1px"> </div>(FINMA).</div><div id="a193996" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:569.432px;top:42.1px;"> </div><div id="a193997" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#E60000;left:4.905px;top:72.4px;">Invested assets </div><div id="a193999" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:95.9px;">Invested assets consist of all client assets managed by<div style="display:inline-block;width:2.21px"> </div>or deposited with UBS AG for investment<div style="display:inline-block;width:2.26px"> </div>purposes. Invested assets </div><div id="a194001" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:111px;">include managed<div style="display:inline-block;width:6.43px"> </div>fund assets,<div style="display:inline-block;width:5.86px"> </div>managed institutional<div style="display:inline-block;width:5.74px"> </div>assets,<div style="display:inline-block;width:5.05px"> </div>discretionary<div style="display:inline-block;width:5.06px"> </div>and<div style="display:inline-block;width:5.13px"> </div>advisory wealth<div style="display:inline-block;width:5.62px"> </div>management portfolios, </div><div id="a194005" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:126.1px;">fiduciary deposits, time deposits, savings<div style="display:inline-block;width:5.52px"> </div>accounts, and wealth management securities<div style="display:inline-block;width:5.53px"> </div>or brokerage accounts. All assets </div><div id="a194006" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:141.8px;">held</div><div id="a194007" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:29.528px;top:141.8px;"> </div><div id="a194008" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:37.568px;top:141.8px;">for<div style="display:inline-block;width:7.94px"> </div>purely<div style="display:inline-block;width:8.7px"> </div>transactional<div style="display:inline-block;width:8.3px"> </div>purposes<div style="display:inline-block;width:8.79px"> </div>and<div style="display:inline-block;width:8.44px"> </div>custody</div><div id="a194009" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:318.165px;top:141.8px;">-</div><div id="a194010" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:322.418px;top:141.8px;">only<div style="display:inline-block;width:8.61px"> </div>assets,<div style="display:inline-block;width:8.61px"> </div>including<div style="display:inline-block;width:8.54px"> </div>corporate<div style="display:inline-block;width:8.46px"> </div>client<div style="display:inline-block;width:8.62px"> </div>assets<div style="display:inline-block;width:8.03px"> </div>held<div style="display:inline-block;width:8.81px"> </div>for<div style="display:inline-block;width:7.94px"> </div>cash </div><div id="a194011" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:156.9px;">management and transactional purposes,<div style="display:inline-block;width:5.76px"> </div>are excluded<div style="display:inline-block;width:5.02px"> </div>from invested assets, as<div style="display:inline-block;width:5.16px"> </div>UBS AG only administers the<div style="display:inline-block;width:5.53px"> </div>assets and </div><div id="a194012" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:172.5px;">does not<div style="display:inline-block;width:5.06px"> </div>offer advice on<div style="display:inline-block;width:5.02px"> </div>how they<div style="display:inline-block;width:4.85px"> </div>should be invested.<div style="display:inline-block;width:5.52px"> </div>Also excluded are non<div style="display:inline-block;width:2.03px"> </div>-bankable assets (e.g.,<div style="display:inline-block;width:5.42px"> </div>art collections) and </div><div id="a194016" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:187.7px;">deposits from third-party banks<div style="display:inline-block;width:5.28px"> </div>for funding or trading purposes. </div><div id="a194020" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:210.4px;">Discretionary assets are defined as client<div style="display:inline-block;width:1.83px"> </div>assets that UBS AG decides how to invest.<div style="display:inline-block;width:2.1px"> </div>Other invested assets are those where </div><div id="a194022" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:225.5px;">the client ultimately<div style="display:inline-block;width:5.27px"> </div>decides how<div style="display:inline-block;width:5.49px"> </div>the assets are<div style="display:inline-block;width:5.54px"> </div>invested. When<div style="display:inline-block;width:5.13px"> </div>a single<div style="display:inline-block;width:5.08px"> </div>product is created<div style="display:inline-block;width:5.35px"> </div>in one business<div style="display:inline-block;width:5.62px"> </div>division and </div><div id="a194023" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:241.1px;">sold<div style="display:inline-block;width:5.55px"> </div>in<div style="display:inline-block;width:5.3px"> </div>another,<div style="display:inline-block;width:5.4px"> </div>it is<div style="display:inline-block;width:6.41px"> </div>counted<div style="display:inline-block;width:5.18px"> </div>in both<div style="display:inline-block;width:6.8px"> </div>the business<div style="display:inline-block;width:6.48px"> </div>division<div style="display:inline-block;width:5.34px"> </div>managing<div style="display:inline-block;width:5.75px"> </div>the<div style="display:inline-block;width:5.25px"> </div>investment and<div style="display:inline-block;width:6.82px"> </div>the one<div style="display:inline-block;width:6.23px"> </div>distributing<div style="display:inline-block;width:5.49px"> </div>it.<div style="display:inline-block;width:5.05px"> </div>This </div><div id="a194025" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:256.3px;">results<div style="display:inline-block;width:5.33px"> </div>in<div style="display:inline-block;width:5.3px"> </div>double<div style="display:inline-block;width:5.91px"> </div>counting<div style="display:inline-block;width:5.75px"> </div>within<div style="display:inline-block;width:5.35px"> </div>UBS<div style="display:inline-block;width:5.56px"> </div>AG’s<div style="display:inline-block;width:5.4px"> </div>total<div style="display:inline-block;width:5.47px"> </div>invested<div style="display:inline-block;width:5.67px"> </div>assets<div style="display:inline-block;width:5.67px"> </div>and<div style="display:inline-block;width:5.61px"> </div>net<div style="display:inline-block;width:5.25px"> </div>new<div style="display:inline-block;width:5.51px"> </div>money,<div style="display:inline-block;width:6.1px"> </div>as<div style="display:inline-block;width:5.25px"> </div>both<div style="display:inline-block;width:5.66px"> </div>business<div style="display:inline-block;width:5.85px"> </div>divisions<div style="display:inline-block;width:5.39px"> </div>are </div><div id="a194026" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:271.9px;">independently providing<div style="display:inline-block;width:5.22px"> </div>a service to their respective clients, and both<div style="display:inline-block;width:5.48px"> </div>add value and generate revenue. </div><div id="a194028" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#E60000;left:4.905px;top:301.8px;">Net new money </div><div id="a194030" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:324.9px;">Net new money in a reporting<div style="display:inline-block;width:5.31px"> </div>period is the amount<div style="display:inline-block;width:5.21px"> </div>of invested assets entrusted to UBS<div style="display:inline-block;width:5.88px"> </div>AG by new and existing clients, </div><div id="a194032" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:340.5px;">less those withdrawn by existing clients<div style="display:inline-block;width:5.05px"> </div>and clients who terminated relationships<div style="display:inline-block;width:5.96px"> </div>with UBS AG. </div><div id="a194034" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:363.2px;">Net<div style="display:inline-block;width:5.2px"> </div>new<div style="display:inline-block;width:5.04px"> </div>money is<div style="display:inline-block;width:5.77px"> </div>calculated using<div style="display:inline-block;width:5.02px"> </div>the direct<div style="display:inline-block;width:5.66px"> </div>method, under<div style="display:inline-block;width:5.69px"> </div>which inflows<div style="display:inline-block;width:5.46px"> </div>and outflows<div style="display:inline-block;width:6.06px"> </div>to /<div style="display:inline-block;width:6.02px"> </div>from invested<div style="display:inline-block;width:5.28px"> </div>assets are </div><div id="a194039" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:378.3px;">determined at the client<div style="display:inline-block;width:1.78px"> </div>level,<div style="display:inline-block;width:3.1px"> </div>based on transactions.<div style="display:inline-block;width:1.58px"> </div>Interest and<div style="display:inline-block;width:2.33px"> </div>dividend income<div style="display:inline-block;width:2.34px"> </div>from invested assets<div style="display:inline-block;width:1.6px"> </div>are not counted as </div><div id="a194043" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:393.9px;">net new money inflows. Market<div style="display:inline-block;width:2.28px"> </div>and currency movements,<div style="display:inline-block;width:2.32px"> </div>as well as fees, commissions<div style="display:inline-block;width:1.49px"> </div>and interest on loans charged,<div style="display:inline-block;width:1.98px"> </div>are </div><div id="a194051" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:409.1px;">excluded from net new money, as are effects resulting<div style="display:inline-block;width:2.3px"> </div>from any acquisition or divestment<div style="display:inline-block;width:2.22px"> </div>of a UBS subsidiary or business. </div><div id="a194052" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:424.2px;">Reclassifications between<div style="display:inline-block;width:5.76px"> </div>invested<div style="display:inline-block;width:5.2px"> </div>assets and<div style="display:inline-block;width:6.65px"> </div>custody-only assets<div style="display:inline-block;width:6px"> </div>as<div style="display:inline-block;width:5.72px"> </div>a<div style="display:inline-block;width:5.2px"> </div>result<div style="display:inline-block;width:5.28px"> </div>of<div style="display:inline-block;width:5.72px"> </div>a<div style="display:inline-block;width:5.67px"> </div>change<div style="display:inline-block;width:5.13px"> </div>in<div style="display:inline-block;width:5.3px"> </div>service<div style="display:inline-block;width:5.2px"> </div>level delivered<div style="display:inline-block;width:6.39px"> </div>are </div><div id="a194056" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:439.8px;">generally treated as net<div style="display:inline-block;width:5.44px"> </div>new money flows.<div style="display:inline-block;width:5.18px"> </div>However, where the change<div style="display:inline-block;width:5.49px"> </div>in service level directly results from<div style="display:inline-block;width:5.38px"> </div>an<div style="display:inline-block;width:4.61px"> </div>externally </div><div id="a194065" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:455px;">imposed regulation<div style="display:inline-block;width:2.05px"> </div>or a strategic<div style="display:inline-block;width:2.11px"> </div>decision by UBS<div style="display:inline-block;width:2.31px"> </div>AG to exit a market<div style="display:inline-block;width:1.52px"> </div>or specific service<div style="display:inline-block;width:1.97px"> </div>offering,<div style="display:inline-block;width:2.88px"> </div>the one-time net<div style="display:inline-block;width:2.07px"> </div>effect is </div><div id="a194075" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:470.6px;">reported as </div><div id="a194076" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:71.617px;top:470.3px;">Other effects</div><div id="a194077" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:144.032px;top:470.6px;">. </div><div id="a194079" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:493.3px;">The Investment Bank does<div style="display:inline-block;width:5.31px"> </div>not track invested assets and net new<div style="display:inline-block;width:5.37px"> </div>money. However, when<div style="display:inline-block;width:5.4px"> </div>a client is transferred from the </div><div id="a194080" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:508.4px;">Investment Bank<div style="display:inline-block;width:6.34px"> </div>to another<div style="display:inline-block;width:6.13px"> </div>business<div style="display:inline-block;width:5.38px"> </div>division, this<div style="display:inline-block;width:6.02px"> </div>may produce<div style="display:inline-block;width:6.59px"> </div>net new<div style="display:inline-block;width:6.14px"> </div>money even<div style="display:inline-block;width:6.77px"> </div>though<div style="display:inline-block;width:5.93px"> </div>the client’s<div style="display:inline-block;width:5.66px"> </div>assets were </div><div id="a194086" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:524px;">already with UBS AG.</div></div><div id="TextBlockContainer1747" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:152px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a194092" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Invested assets and net new<div style="display:inline-block;width:4.23px"> </div>money </div><div id="a194099" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.422px;top:15.8px;">As of or for the year ended </div><div id="a194101" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:31.4px;">USD bn </div><div id="a194104" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:577.195px;top:31.4px;">31.12.22 </div><div id="a194106" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.315px;top:31.4px;">31.12.21 </div><div id="a194108" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:47px;">Fund assets managed by UBS </div><div id="a194111_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:47px;">390</div><div id="a194114_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:47px;">419</div><div id="a194117" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:63.6px;">Discretionary assets </div><div id="a194120_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.008px;top:63.6px;">1,440</div><div id="a194123_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:63.6px;">1,705</div><div id="a194126" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:79.6px;">Other invested assets </div><div id="a194129_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.008px;top:79.6px;">2,127</div><div id="a194132_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:79.6px;">2,472</div><div id="a194135" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:96.2px;">Total invested assets</div><div id="a194136" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:78.928px;top:96.8px;">1</div><div id="a194139_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.008px;top:96.2px;">3,957</div><div id="a194142_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:96.2px;">4,596</div><div id="a194145" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:111.8px;">of which: double counts </div><div id="a194148_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:596.102px;top:111.8px;">340</div><div id="a194151_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:111.8px;">356</div><div id="a194154" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:127.9px;">Net new money</div><div id="a194155" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:61.406px;top:128.6px;">1</div><div id="a194158_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.342px;top:127.9px;">68</div><div id="a194161_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:127.9px;">159</div><div id="a194164" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:143.4px;">1 Includes double counts.</div></div><div id="TextBlockContainer1751" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:153px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a194167" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Development of invested assets </div><div id="a194172" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:15.3px;">USD bn </div><div id="a194175" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:15.3px;">2022 </div><div id="a194177" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.542px;top:15.3px;">2021 </div><div id="a194179" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:30.9px;">Total invested assets at the beginning<div style="display:inline-block;width:3.72px"> </div>of the year</div><div id="a194180" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:182.088px;top:31.6px;">1</div><div id="a194183_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.008px;top:30.9px;">4,596</div><div id="a194186_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:30.9px;">4,187</div><div id="a194189" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:47.5px;">Net new money </div><div id="a194192_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.342px;top:47.5px;">68</div><div id="a194195_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:47.5px;">159</div><div id="a194198" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:63.6px;">Market movements</div><div id="a194199" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:73.228px;top:64.2px;">2</div><div id="a194202_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:63.6px;display:flex;">(595)</div><div id="a194205_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:63.6px;">339</div><div id="a194208" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:80.1px;">Foreign currency translation </div><div id="a194211_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.582px;top:80.1px;display:flex;">(72)</div><div id="a194214_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:80.1px;display:flex;">(65)</div><div id="a194217" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:96.7px;">Other effects </div><div id="a194220_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.582px;top:96.7px;display:flex;">(40)</div><div id="a194223_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:96.7px;display:flex;">(24)</div><div id="a194226" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:112.8px;">of which: acquisitions / (divestments) </div><div id="a194229_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:596.582px;top:112.8px;display:flex;">(19)</div><div id="a194232_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.995px;top:112.8px;display:flex;">(5)</div><div id="a194235" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:129.3px;">Total invested assets at the end<div style="display:inline-block;width:3.91px"> </div>of the year</div><div id="a194236" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:159.835px;top:130px;">1</div><div id="a194239_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.008px;top:129.3px;">3,957</div><div id="a194242_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:129.3px;">4,596</div><div id="a194245" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:144.3px;">1 Includes double counts.<div style="display:inline-block;width:9.79px"> </div>2 Includes interest and<div style="display:inline-block;width:3.66px"> </div>dividend income.</div></div> <div id="TextBlockContainer1748" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:152px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1746_XBRL_TS_1f8b8530ac9c4a47897f905eb006ea8b" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1747" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:152px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a194092" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Invested assets and net new<div style="display:inline-block;width:4.23px"> </div>money </div><div id="a194099" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:564.422px;top:15.8px;">As of or for the year ended </div><div id="a194101" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:31.4px;">USD bn </div><div id="a194104" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:577.195px;top:31.4px;">31.12.22 </div><div id="a194106" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:645.315px;top:31.4px;">31.12.21 </div><div id="a194108" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:47px;">Fund assets managed by UBS </div><div id="a194111_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.102px;top:47px;">390</div><div id="a194114_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:47px;">419</div><div id="a194117" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:63.6px;">Discretionary assets </div><div id="a194120_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.008px;top:63.6px;">1,440</div><div id="a194123_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:63.6px;">1,705</div><div id="a194126" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:79.6px;">Other invested assets </div><div id="a194129_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.008px;top:79.6px;">2,127</div><div id="a194132_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:79.6px;">2,472</div><div id="a194135" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:96.2px;">Total invested assets</div><div id="a194136" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:78.928px;top:96.8px;">1</div><div id="a194139_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.008px;top:96.2px;">3,957</div><div id="a194142_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:96.2px;">4,596</div><div id="a194145" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:111.8px;">of which: double counts </div><div id="a194148_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:596.102px;top:111.8px;">340</div><div id="a194151_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:664.262px;top:111.8px;">356</div><div id="a194154" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:127.9px;">Net new money</div><div id="a194155" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:61.406px;top:128.6px;">1</div><div id="a194158_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.342px;top:127.9px;">68</div><div id="a194161_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:127.9px;">159</div><div id="a194164" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:143.4px;">1 Includes double counts.</div></div></div></div> 390000000000 419000000000 1440000000000 1705000000000 2127000000000 2472000000000 3957000000000 4596000000000 340000000000 356000000000 68000000000 159000000000 <div id="TextBlockContainer1752" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:153px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1750_XBRL_TS_8c513b7d66944d118cc4560505f74845" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1751" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#000000;line-height:normal;width:686px;height:153px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a194167" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Development of invested assets </div><div id="a194172" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:3.679px;top:15.3px;">USD bn </div><div id="a194175" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:15.3px;">2022 </div><div id="a194177" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.542px;top:15.3px;">2021 </div><div id="a194179" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:30.9px;">Total invested assets at the beginning<div style="display:inline-block;width:3.72px"> </div>of the year</div><div id="a194180" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:182.088px;top:31.6px;">1</div><div id="a194183_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.008px;top:30.9px;">4,596</div><div id="a194186_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:30.9px;">4,187</div><div id="a194189" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:47.5px;">Net new money </div><div id="a194192_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:601.342px;top:47.5px;">68</div><div id="a194195_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:47.5px;">159</div><div id="a194198" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:63.6px;">Market movements</div><div id="a194199" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:73.228px;top:64.2px;">2</div><div id="a194202_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:591.382px;top:63.6px;display:flex;">(595)</div><div id="a194205_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:63.6px;">339</div><div id="a194208" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:80.1px;">Foreign currency translation </div><div id="a194211_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.582px;top:80.1px;display:flex;">(72)</div><div id="a194214_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:80.1px;display:flex;">(65)</div><div id="a194217" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:96.7px;">Other effects </div><div id="a194220_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:596.582px;top:96.7px;display:flex;">(40)</div><div id="a194223_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:664.262px;top:96.7px;display:flex;">(24)</div><div id="a194226" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:12.664px;top:112.8px;">of which: acquisitions / (divestments) </div><div id="a194229_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#9A3D37;left:596.582px;top:112.8px;display:flex;">(19)</div><div id="a194232_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:668.995px;top:112.8px;display:flex;">(5)</div><div id="a194235" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.679px;top:129.3px;">Total invested assets at the end<div style="display:inline-block;width:3.91px"> </div>of the year</div><div id="a194236" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:159.835px;top:130px;">1</div><div id="a194239_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:589.008px;top:129.3px;">3,957</div><div id="a194242_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:657.168px;top:129.3px;">4,596</div><div id="a194245" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.679px;top:144.3px;">1 Includes double counts.<div style="display:inline-block;width:9.79px"> </div>2 Includes interest and<div style="display:inline-block;width:3.66px"> </div>dividend income.</div></div></div></div> 4596000000000 4187000000000 68000000000 159000000000 -595000000000 339000000000 -72000000000 -65000000000 -40000000000 -24000000000 -19000000000 -5000000000 3957000000000 4596000000000 <div id="TextBlockContainer1754" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:56px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a194282" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 32<div style="display:inline-block;width:8.21px"> </div>Currency translation rates<div style="display:inline-block;width:4.72px"> </div></div><div id="a194288" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:26.8px;">The<div style="display:inline-block;width:5.88px"> </div>following<div style="display:inline-block;width:6.12px"> </div>table<div style="display:inline-block;width:5.62px"> </div>shows<div style="display:inline-block;width:5.81px"> </div>the<div style="display:inline-block;width:5.72px"> </div>rates<div style="display:inline-block;width:5.42px"> </div>of<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>main<div style="display:inline-block;width:5.62px"> </div>currencies<div style="display:inline-block;width:5.55px"> </div>used<div style="display:inline-block;width:6.13px"> </div>to<div style="display:inline-block;width:5.72px"> </div>translate<div style="display:inline-block;width:5.36px"> </div>the<div style="display:inline-block;width:5.72px"> </div>financial<div style="display:inline-block;width:5.41px"> </div>information<div style="display:inline-block;width:6.61px"> </div>of<div style="display:inline-block;width:5.72px"> </div>UBS<div style="display:inline-block;width:5.97px"> </div>AG’s </div><div id="a194292" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:42.4px;">operations with a functional currency<div style="display:inline-block;width:5.05px"> </div>other than the US dollar into<div style="display:inline-block;width:5.04px"> </div>US dollars.</div></div><div id="TextBlockContainer1757" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:143px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a194298" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:362.337px;top:2.8px;">Closing exchange rate </div><div id="a194301" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.524px;top:2.8px;">Average rate</div><div id="a194302" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:600.364px;top:3.5px;">1</div><div id="a194306" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:393.11px;top:18.4px;">As of </div><div id="a194309" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.497px;top:18.4px;">For the year ended </div><div id="a194313" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:366.59px;top:34.5px;">31.12.22 </div><div id="a194315" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:434.724px;top:34.5px;">31.12.21 </div><div id="a194318" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.564px;top:34.5px;">31.12.22 </div><div id="a194320" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.697px;top:34.5px;">31.12.21 </div><div id="a194322" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:34.5px;">31.12.20 </div><div id="a194324" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:50.1px;">1 CHF </div><div id="a194327_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.15px;top:50.1px;">1.08</div><div id="a194330_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.31px;top:50.1px;">1.10</div><div id="a194334_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.11px;top:50.1px;">1.05</div><div id="a194337_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.244px;top:50.1px;">1.09</div><div id="a194340_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.404px;top:50.1px;">1.07</div><div id="a194343" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:66.2px;">1 EUR </div><div id="a194346_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.15px;top:66.2px;">1.07</div><div id="a194349_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.31px;top:66.2px;">1.14</div><div id="a194353_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.11px;top:66.2px;">1.05</div><div id="a194356_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.244px;top:66.2px;">1.18</div><div id="a194359_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.404px;top:66.2px;">1.15</div><div id="a194362" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:82.8px;">1 GBP </div><div id="a194365_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.15px;top:82.8px;">1.21</div><div id="a194368_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.31px;top:82.8px;">1.35</div><div id="a194372_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.11px;top:82.8px;">1.23</div><div id="a194375_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.244px;top:82.8px;">1.37</div><div id="a194378_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.404px;top:82.8px;">1.29</div><div id="a194381" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:98.9px;">100 JPY </div><div id="a194384_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.15px;top:98.9px;">0.76</div><div id="a194387_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.31px;top:98.9px;">0.87</div><div id="a194391_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.11px;top:98.9px;">0.76</div><div id="a194394_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.244px;top:98.9px;">0.91</div><div id="a194397_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.404px;top:98.9px;">0.94</div><div id="a194400" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:114.4px;">1 Monthly income statement<div style="display:inline-block;width:3.95px"> </div>items of operations<div style="display:inline-block;width:4.07px"> </div>with a functional<div style="display:inline-block;width:3.64px"> </div>currency other than<div style="display:inline-block;width:3.8px"> </div>the US dollar<div style="display:inline-block;width:3.62px"> </div>are translated<div style="display:inline-block;width:3.8px"> </div>into US dollars<div style="display:inline-block;width:3.61px"> </div>using month-end rates.<div style="display:inline-block;width:4.35px"> </div>Disclosed average<div style="display:inline-block;width:3.45px"> </div>rates for a<div style="display:inline-block;width:3.64px"> </div>year represent<div style="display:inline-block;width:3.48px"> </div>an average of </div><div id="a194404" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:124.3px;">twelve month-end rates, weighted according<div style="display:inline-block;width:3.66px"> </div>to the income and expense volumes of all operations of UBS AG with the same functional currency<div style="display:inline-block;width:3.72px"> </div>for each month. Weighted average rates<div style="display:inline-block;width:3.48px"> </div>for individual business divisions </div><div id="a194408" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:134.7px;">may deviate from the weighted<div style="display:inline-block;width:3.47px"> </div>average rates for<div style="display:inline-block;width:3.47px"> </div>UBS AG.</div></div> <div id="TextBlockContainer1758" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:143px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1756_XBRL_TS_abdc72d5b9ad4fe2b1fc89c75046ef46" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1757" style="position:relative;font-family:'Frutiger 47 CN';font-size:9.931px;color:#000000;line-height:normal;width:685px;height:143px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a194298" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:362.337px;top:2.8px;">Closing exchange rate </div><div id="a194301" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:553.524px;top:2.8px;">Average rate</div><div id="a194302" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:600.364px;top:3.5px;">1</div><div id="a194306" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:393.11px;top:18.4px;">As of </div><div id="a194309" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:544.497px;top:18.4px;">For the year ended </div><div id="a194313" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:366.59px;top:34.5px;">31.12.22 </div><div id="a194315" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:434.724px;top:34.5px;">31.12.21 </div><div id="a194318" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:508.564px;top:34.5px;">31.12.22 </div><div id="a194320" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.697px;top:34.5px;">31.12.21 </div><div id="a194322" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:644.817px;top:34.5px;">31.12.20 </div><div id="a194324" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:50.1px;">1 CHF </div><div id="a194327_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.15px;top:50.1px;">1.08</div><div id="a194330_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.31px;top:50.1px;">1.10</div><div id="a194334_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.11px;top:50.1px;">1.05</div><div id="a194337_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.244px;top:50.1px;">1.09</div><div id="a194340_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.404px;top:50.1px;">1.07</div><div id="a194343" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:66.2px;">1 EUR </div><div id="a194346_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.15px;top:66.2px;">1.07</div><div id="a194349_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.31px;top:66.2px;">1.14</div><div id="a194353_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.11px;top:66.2px;">1.05</div><div id="a194356_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.244px;top:66.2px;">1.18</div><div id="a194359_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.404px;top:66.2px;">1.15</div><div id="a194362" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:82.8px;">1 GBP </div><div id="a194365_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.15px;top:82.8px;">1.21</div><div id="a194368_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.31px;top:82.8px;">1.35</div><div id="a194372_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.11px;top:82.8px;">1.23</div><div id="a194375_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.244px;top:82.8px;">1.37</div><div id="a194378_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.404px;top:82.8px;">1.29</div><div id="a194381" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:3.181px;top:98.9px;">100 JPY </div><div id="a194384_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:383.15px;top:98.9px;">0.76</div><div id="a194387_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:451.31px;top:98.9px;">0.87</div><div id="a194391_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#9A3D37;left:525.11px;top:98.9px;">0.76</div><div id="a194394_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.244px;top:98.9px;">0.91</div><div id="a194397_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:661.404px;top:98.9px;">0.94</div><div id="a194400" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:114.4px;">1 Monthly income statement<div style="display:inline-block;width:3.95px"> </div>items of operations<div style="display:inline-block;width:4.07px"> </div>with a functional<div style="display:inline-block;width:3.64px"> </div>currency other than<div style="display:inline-block;width:3.8px"> </div>the US dollar<div style="display:inline-block;width:3.62px"> </div>are translated<div style="display:inline-block;width:3.8px"> </div>into US dollars<div style="display:inline-block;width:3.61px"> </div>using month-end rates.<div style="display:inline-block;width:4.35px"> </div>Disclosed average<div style="display:inline-block;width:3.45px"> </div>rates for a<div style="display:inline-block;width:3.64px"> </div>year represent<div style="display:inline-block;width:3.48px"> </div>an average of </div><div id="a194404" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:124.3px;">twelve month-end rates, weighted according<div style="display:inline-block;width:3.66px"> </div>to the income and expense volumes of all operations of UBS AG with the same functional currency<div style="display:inline-block;width:3.72px"> </div>for each month. Weighted average rates<div style="display:inline-block;width:3.48px"> </div>for individual business divisions </div><div id="a194408" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;left:3.181px;top:134.7px;">may deviate from the weighted<div style="display:inline-block;width:3.47px"> </div>average rates for<div style="display:inline-block;width:3.47px"> </div>UBS AG.</div></div></div></div> 1.08 1.10 1.05 1.09 1.07 1.07 1.14 1.05 1.18 1.15 1.21 1.35 1.23 1.37 1.29 0.76 0.87 0.76 0.91 0.94 <div id="TextBlockContainer1760" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:684px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a194415" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 33<div style="display:inline-block;width:8.21px"> </div>Main differences between IFRS and<div style="display:inline-block;width:5.11px"> </div>Swiss GAAP<div style="display:inline-block;width:7.7px"> </div></div><div id="a194421" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:27.3px;">The<div style="display:inline-block;width:5.88px"> </div>consolidated<div style="display:inline-block;width:6.17px"> </div>financial<div style="display:inline-block;width:5.41px"> </div>statements<div style="display:inline-block;width:6.31px"> </div>of<div style="display:inline-block;width:5.72px"> </div>UBS<div style="display:inline-block;width:6.03px"> </div>AG<div style="display:inline-block;width:5.72px"> </div>are<div style="display:inline-block;width:5.96px"> </div>prepared<div style="display:inline-block;width:6.93px"> </div>in<div style="display:inline-block;width:5.77px"> </div>accordance<div style="display:inline-block;width:6.23px"> </div>with<div style="display:inline-block;width:6.2px"> </div>International<div style="display:inline-block;width:5.47px"> </div>Financial<div style="display:inline-block;width:5.83px"> </div>Reporting </div><div id="a194423" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:42.4px;">Standards (IFRS). The Swiss Financial Market Supervisory Authority<div style="display:inline-block;width:5.34px"> </div>(FINMA) requires financial groups<div style="display:inline-block;width:5.08px"> </div>presenting financial </div><div id="a194427" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:58px;">statements<div style="display:inline-block;width:5.83px"> </div>under<div style="display:inline-block;width:6.13px"> </div>IFRS<div style="display:inline-block;width:5.57px"> </div>to<div style="display:inline-block;width:5.72px"> </div>provide<div style="display:inline-block;width:6.06px"> </div>a<div style="display:inline-block;width:5.67px"> </div>narrative<div style="display:inline-block;width:5.58px"> </div>explanation<div style="display:inline-block;width:6.39px"> </div>of<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>main<div style="display:inline-block;width:5.62px"> </div>differences<div style="display:inline-block;width:6.32px"> </div>between<div style="display:inline-block;width:6.03px"> </div>IFRS<div style="display:inline-block;width:5.57px"> </div>and<div style="display:inline-block;width:6.08px"> </div>Swiss<div style="display:inline-block;width:5.91px"> </div>generally </div><div id="a194431" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:73.2px;">accepted accounting principles (GAAP)<div style="display:inline-block;width:3.39px"> </div>(the FINMA Accounting Ordinance, FINMA Circular<div style="display:inline-block;width:2.11px"> </div>2020/1 “Accounting – banks” </div><div id="a194445" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:88.8px;">and<div style="display:inline-block;width:7.03px"> </div>the<div style="display:inline-block;width:6.2px"> </div>Banking<div style="display:inline-block;width:6.85px"> </div>Ordinance<div style="display:inline-block;width:7px"> </div>(the<div style="display:inline-block;width:6.77px"> </div>BO)).<div style="display:inline-block;width:6.6px"> </div>Included<div style="display:inline-block;width:6.55px"> </div>in<div style="display:inline-block;width:6.72px"> </div>this<div style="display:inline-block;width:6.14px"> </div>Note<div style="display:inline-block;width:6.82px"> </div>are<div style="display:inline-block;width:6.71px"> </div>the<div style="display:inline-block;width:6.67px"> </div>significant<div style="display:inline-block;width:5.98px"> </div>differences<div style="display:inline-block;width:7.26px"> </div>in<div style="display:inline-block;width:6.72px"> </div>the<div style="display:inline-block;width:6.67px"> </div>recognition<div style="display:inline-block;width:7.4px"> </div>and </div><div id="a194450" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:103.9px;">measurement<div style="display:inline-block;width:5.75px"> </div>between<div style="display:inline-block;width:5.56px"> </div>IFRS<div style="display:inline-block;width:5.1px"> </div>and<div style="display:inline-block;width:5.61px"> </div>the<div style="display:inline-block;width:5.25px"> </div>provisions<div style="display:inline-block;width:5.78px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.45px"> </div>BO<div style="display:inline-block;width:5.33px"> </div>and<div style="display:inline-block;width:5.61px"> </div>the<div style="display:inline-block;width:5.25px"> </div>guidelines<div style="display:inline-block;width:5.75px"> </div>of<div style="display:inline-block;width:5.25px"> </div>FINMA<div style="display:inline-block;width:5.25px"> </div>governing<div style="display:inline-block;width:5.51px"> </div>true<div style="display:inline-block;width:5.1px"> </div>and<div style="display:inline-block;width:5.61px"> </div>fair view </div><div id="a194454" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:119.1px;">financial statement reporting<div style="display:inline-block;width:5.27px"> </div>pursuant to Art. 25<div style="display:inline-block;width:5.21px"> </div>to Art. 42 of the BO. </div><div id="a194464" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#E60000;left:4.905px;top:149.5px;">1. Consolidation </div><div id="a194467" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:172.5px;">Under IFRS,<div style="display:inline-block;width:5.24px"> </div>all entities that<div style="display:inline-block;width:5.31px"> </div>are controll<div style="display:inline-block;width:1.39px"> </div>ed by<div style="display:inline-block;width:5.04px"> </div>the holding<div style="display:inline-block;width:5.69px"> </div>entity are consolidated.<div style="display:inline-block;width:5.85px"> </div>Under Swiss GAAP<div style="display:inline-block;width:5.64px"> </div>controlled entities </div><div id="a194471" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:188.2px;">deemed immaterial<div style="display:inline-block;width:5.1px"> </div>to a group<div style="display:inline-block;width:6.48px"> </div>or those<div style="display:inline-block;width:5.21px"> </div>held only temporarily<div style="display:inline-block;width:5.19px"> </div>are exempt<div style="display:inline-block;width:5.56px"> </div>from consolidation,<div style="display:inline-block;width:5.99px"> </div>but instead<div style="display:inline-block;width:5.28px"> </div>are recorded </div><div id="a194480" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:203.3px;">as participations accounted for under the equity<div style="display:inline-block;width:2.1px"> </div>method of accounting or as financial investments measured at the<div style="display:inline-block;width:2.18px"> </div>lower </div><div id="a194482" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:218.4px;">of cost or market value. </div><div id="a194484" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#E60000;left:4.905px;top:248.9px;">2. Classification and measurement<div style="display:inline-block;width:5.14px"> </div>of financial assets </div><div id="a194486" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:271.9px;">Under IFRS,<div style="display:inline-block;width:5.24px"> </div>debt instruments<div style="display:inline-block;width:5.07px"> </div>are measured<div style="display:inline-block;width:5.78px"> </div>at amortized<div style="display:inline-block;width:5.74px"> </div>cost, fair value<div style="display:inline-block;width:5.84px"> </div>through<div style="display:inline-block;width:5.2px"> </div>other comprehensive<div style="display:inline-block;width:5.69px"> </div>income (FVOCI) </div><div id="a194487" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:287.5px;">or fair value<div style="display:inline-block;width:5.42px"> </div>through<div style="display:inline-block;width:5.2px"> </div>profit or loss<div style="display:inline-block;width:5.73px"> </div>(FVTPL), depending<div style="display:inline-block;width:5.8px"> </div>on the<div style="display:inline-block;width:5.29px"> </div>nature of<div style="display:inline-block;width:5.22px"> </div>the business<div style="display:inline-block;width:5.06px"> </div>model within<div style="display:inline-block;width:5.13px"> </div>which the<div style="display:inline-block;width:5.46px"> </div>particular </div><div id="a194491" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:302.6px;">asset is held<div style="display:inline-block;width:5.6px"> </div>and the<div style="display:inline-block;width:5.76px"> </div>characteristics of<div style="display:inline-block;width:5.17px"> </div>the contractual<div style="display:inline-block;width:5.94px"> </div>cash flows of<div style="display:inline-block;width:6.08px"> </div>the asset.<div style="display:inline-block;width:5.4px"> </div>Equity instruments<div style="display:inline-block;width:5.71px"> </div>are accounted<div style="display:inline-block;width:6.12px"> </div>for at </div><div id="a194492" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:317.8px;">FVTPL by UBS. Under Swiss GAAP,<div style="display:inline-block;width:5.32px"> </div>trading assets and derivatives are measured at FVTPL,<div style="display:inline-block;width:4.19px"> </div>in line with IFRS. However, non-</div><div id="a194500" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:333.4px;">trading debt<div style="display:inline-block;width:5.28px"> </div>instruments are<div style="display:inline-block;width:5.38px"> </div>generally measured<div style="display:inline-block;width:6.01px"> </div>at amortized<div style="display:inline-block;width:5.26px"> </div>cost, even<div style="display:inline-block;width:5.31px"> </div>when the<div style="display:inline-block;width:5.39px"> </div>assets are<div style="display:inline-block;width:5.39px"> </div>managed on<div style="display:inline-block;width:5.69px"> </div>a fair value </div><div id="a194501" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:348.5px;">basis. In addition, the measurement of<div style="display:inline-block;width:5.08px"> </div>financial assets in the form of securities depends<div style="display:inline-block;width:5.56px"> </div>on the nature of the asset: debt </div><div id="a194504" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:364.1px;">instruments not held to maturity,<div style="display:inline-block;width:6.33px"> </div>i.e.,<div style="display:inline-block;width:4.11px"> </div>instruments available for sale,<div style="display:inline-block;width:5.26px"> </div>and equity instruments<div style="display:inline-block;width:5.27px"> </div>with no permanent holding </div><div id="a194510" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:379.3px;">intent,<div style="display:inline-block;width:5.3px"> </div>are<div style="display:inline-block;width:5.29px"> </div>classified<div style="display:inline-block;width:5.31px"> </div>as </div><div id="a194511" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:142.138px;top:379px;">Financial investments</div><div id="a194512" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:262.325px;top:379.3px;"><div style="display:inline-block;width:5.2px"> </div>and<div style="display:inline-block;width:5.61px"> </div>measured<div style="display:inline-block;width:5.59px"> </div>at<div style="display:inline-block;width:5.05px"> </div>the<div style="display:inline-block;width:5.25px"> </div>lower of<div style="display:inline-block;width:6.35px"> </div>(amortized)<div style="display:inline-block;width:5.05px"> </div>cost<div style="display:inline-block;width:5.1px"> </div>or<div style="display:inline-block;width:5.25px"> </div>market value.<div style="display:inline-block;width:6.26px"> </div>Market </div><div id="a194515" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:394.9px;">value<div style="display:inline-block;width:5.57px"> </div>adjustments<div style="display:inline-block;width:5.82px"> </div>up<div style="display:inline-block;width:6.08px"> </div>to<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>original<div style="display:inline-block;width:6.29px"> </div>cost<div style="display:inline-block;width:5.57px"> </div>amount<div style="display:inline-block;width:6.45px"> </div>and<div style="display:inline-block;width:6.08px"> </div>realized<div style="display:inline-block;width:5.55px"> </div>gains<div style="display:inline-block;width:6.02px"> </div>or<div style="display:inline-block;width:5.98px"> </div>losses<div style="display:inline-block;width:5.95px"> </div>upon<div style="display:inline-block;width:6.48px"> </div>disposal<div style="display:inline-block;width:6.17px"> </div>of<div style="display:inline-block;width:5.72px"> </div>the<div style="display:inline-block;width:5.72px"> </div>investment<div style="display:inline-block;width:5.36px"> </div>are </div><div id="a194519" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:410px;">recorded in the income statement as </div><div id="a194520" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:214.058px;top:409.8px;">Other income</div><div id="a194521" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:291.205px;top:410px;"> </div><div id="a194522" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:294.512px;top:409.8px;">from</div><div id="a194523" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:321.938px;top:410px;"> </div><div id="a194524" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:325.258px;top:409.8px;">ordinary activities. </div><div id="a194526" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:430.298px;top:410px;">Equity instruments with a permanent holding </div><div id="a194527" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:425.2px;">intent<div style="display:inline-block;width:5.2px"> </div>are<div style="display:inline-block;width:5.29px"> </div>classified<div style="display:inline-block;width:5.31px"> </div>as<div style="display:inline-block;width:5.25px"> </div>participations<div style="display:inline-block;width:5.56px"> </div>in </div><div id="a194528" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:235.338px;top:424.9px;">Non-consolidated<div style="display:inline-block;width:6.19px"> </div>investments in<div style="display:inline-block;width:6.56px"> </div>subsidiaries<div style="display:inline-block;width:5.49px"> </div>and<div style="display:inline-block;width:5.13px"> </div>other<div style="display:inline-block;width:5.3px"> </div>participations</div><div id="a194532" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:636.138px;top:425.2px;"><div style="display:inline-block;width:5.2px"> </div>and<div style="display:inline-block;width:5.61px"> </div>are </div><div id="a194534" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:440.8px;">measured at cost less impairment. Impairment losses are recorded in the income<div style="display:inline-block;width:2.14px"> </div>statement as </div><div id="a194538" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:534.405px;top:440.5px;">Impairment of investments </div><div id="a194539" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:455.7px;">in non-consolidated<div style="display:inline-block;width:5.91px"> </div>subsidiaries and<div style="display:inline-block;width:5.53px"> </div>other participations.</div><div id="a194542" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:332.352px;top:455.9px;"><div style="display:inline-block;width:4.25px"> </div>Reversals of<div style="display:inline-block;width:5.2px"> </div>impairments<div style="display:inline-block;width:5.31px"> </div>up to<div style="display:inline-block;width:5.29px"> </div>the original<div style="display:inline-block;width:5.02px"> </div>cost amount<div style="display:inline-block;width:5.72px"> </div>and </div><div id="a194545" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:471.6px;">realized gains or losses<div style="display:inline-block;width:5.09px"> </div>upon disposal of the investment are recorded<div style="display:inline-block;width:5.69px"> </div>as </div><div id="a194546" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:414.698px;top:471.3px;">Extraordinary income / Extraordinary expenses</div><div id="a194549" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:675.418px;top:471.6px;">. </div><div id="a194551" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#E60000;left:4.905px;top:501.5px;">3. Fair value option applied<div style="display:inline-block;width:5.47px"> </div>to financial liabilities </div><div id="a194553" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:525px;">Under IFRS, UBS applies the fair value option to certain financial liabilities not held for trading.<div style="display:inline-block;width:5.36px"> </div>Instruments for which the </div><div id="a194555" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:540.1px;">fair value option is applied are accounted for at FVTPL. The amount of change in the fair value attributable to changes in </div><div id="a194556" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:555.3px;">UBS’s own credit is presented<div style="display:inline-block;width:5.61px"> </div>in </div><div id="a194559" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:191.832px;top:555px;">Other comprehensive income</div><div id="a194560" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:358.392px;top:555.3px;"><div style="display:inline-block;width:3.77px"> </div>directly within </div><div id="a194562" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:446.405px;top:555px;">Retained earnings</div><div id="a194564" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:548.592px;top:555.3px;">. The fair value option<div style="display:inline-block;width:5.04px"> </div>is </div><div id="a194567" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:570.9px;">applied primarily to issued<div style="display:inline-block;width:5.11px"> </div>structured debt instruments, certain<div style="display:inline-block;width:5.52px"> </div>non-structured debt instruments,<div style="display:inline-block;width:5.63px"> </div>certain payables under </div><div id="a194572" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:586px;">repurchase agreements and<div style="display:inline-block;width:5.25px"> </div>cash collateral on securities lending agreements,<div style="display:inline-block;width:5.13px"> </div>amounts due under unit-linked investment </div><div id="a194576" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:601.6px;">contracts, and brokerage<div style="display:inline-block;width:5.1px"> </div>payables. </div><div id="a194578" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:624.4px;">Under<div style="display:inline-block;width:5.13px"> </div>Swiss GAAP,<div style="display:inline-block;width:6.32px"> </div>the fair<div style="display:inline-block;width:5.42px"> </div>value option<div style="display:inline-block;width:6.23px"> </div>can only<div style="display:inline-block;width:5.88px"> </div>be applied<div style="display:inline-block;width:6.38px"> </div>to structured<div style="display:inline-block;width:5.91px"> </div>debt instruments<div style="display:inline-block;width:6.49px"> </div>consisting<div style="display:inline-block;width:5.43px"> </div>of a<div style="display:inline-block;width:5.83px"> </div>debt host </div><div id="a194582" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:639.5px;">contract and<div style="display:inline-block;width:6.2px"> </div>one or<div style="display:inline-block;width:5.76px"> </div>more embedded<div style="display:inline-block;width:6.1px"> </div>derivatives that do<div style="display:inline-block;width:6.46px"> </div>not relate<div style="display:inline-block;width:5.86px"> </div>to own<div style="display:inline-block;width:5.86px"> </div>equity.<div style="display:inline-block;width:5.05px"> </div>Furthermore, unrealized<div style="display:inline-block;width:5.91px"> </div>changes<div style="display:inline-block;width:5.18px"> </div>in </div><div id="a194584" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:654.6px;">fair value attributable<div style="display:inline-block;width:6.1px"> </div>to changes<div style="display:inline-block;width:5.81px"> </div>in UBS’s<div style="display:inline-block;width:5.6px"> </div>own credit<div style="display:inline-block;width:5.17px"> </div>are not<div style="display:inline-block;width:5.17px"> </div>recognized, whereas<div style="display:inline-block;width:5.77px"> </div>realized own<div style="display:inline-block;width:5.22px"> </div>credit is<div style="display:inline-block;width:5.08px"> </div>recognized<div style="display:inline-block;width:5.12px"> </div>in</div><div id="a194588" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:685.352px;top:654.4px;"> </div><div id="a194589" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;left:4.905px;top:670px;">Net trading income</div><div id="a194590" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:114.205px;top:670.2px;">.</div></div><div id="TextBlockContainer1762" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:886px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a194631" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">4. Allowances and provisions for credit<div style="display:inline-block;width:5.43px"> </div>losses </div><div id="a194636" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23px;">Swiss GAAP permit use of IFRS for<div style="display:inline-block;width:2.17px"> </div>accounting for allowances and provisions for credit losses based on an expected credit </div><div id="a194642" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.7px;">loss (ECL) model. UBS has chosen to apply the IFRS 9<div style="display:inline-block;width:5.09px"> </div>ECL approach to those exposures that are in the<div style="display:inline-block;width:5.06px"> </div>ECL scope of both </div><div id="a194661" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">frameworks, IFRS and Swiss GAAP<div style="display:inline-block;width:1.47px"> </div>. </div><div id="a194665" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:76.5px;">For the small<div style="display:inline-block;width:5.06px"> </div>residual exposures<div style="display:inline-block;width:5.34px"> </div>within the<div style="display:inline-block;width:5.06px"> </div>scope of Swiss GAAP<div style="display:inline-block;width:5.64px"> </div>ECL requirements, which<div style="display:inline-block;width:5.27px"> </div>are not subject to<div style="display:inline-block;width:5.42px"> </div>ECL under </div><div id="a194677" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:91.6px;">IFRS due to classification differences,<div style="display:inline-block;width:5.26px"> </div>UBS applies alternative approaches<div style="display:inline-block;width:1.34px"> </div>.<div style="display:inline-block;width:3.89px"> </div></div><div id="a194682" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:107.3px;">–</div><div id="a194683" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:107.1px;"> </div><div id="a194684" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:107.3px;">For exposures for which Pillar 1 internal ratings-based<div style="display:inline-block;width:5.43px"> </div>models are applied to measure credit risk, ECL is determined<div style="display:inline-block;width:5.4px"> </div>by </div><div id="a194692" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:122.4px;">the regulatory expected loss (EL), with an add-on for scaling up to the<div style="display:inline-block;width:2.1px"> </div>residual maturity of exposures maturing beyond </div><div id="a194697" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:138px;">the next<div style="display:inline-block;width:5.68px"> </div>12<div style="display:inline-block;width:5.13px"> </div>months,<div style="display:inline-block;width:5.18px"> </div>as appropriate.<div style="display:inline-block;width:5.6px"> </div>For detailed<div style="display:inline-block;width:5.73px"> </div>information<div style="display:inline-block;width:5.19px"> </div>on<div style="display:inline-block;width:5.13px"> </div>regulatory EL,<div style="display:inline-block;width:5.29px"> </div>refer to<div style="display:inline-block;width:6.08px"> </div>the “Risk<div style="display:inline-block;width:6.33px"> </div>management and </div><div id="a194704" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:153.1px;">control”<div style="display:inline-block;width:4.25px"> </div>section of this report.<div style="display:inline-block;width:4.51px"> </div></div><div id="a194712" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:168.3px;">–</div><div id="a194713" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;color:#000000;left:11.526px;top:168.1px;"> </div><div id="a194714" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:168.3px;">For exposures<div style="display:inline-block;width:5.27px"> </div>for which<div style="display:inline-block;width:5.51px"> </div>the Pillar 1<div style="display:inline-block;width:5.67px"> </div>standardized approach<div style="display:inline-block;width:6.01px"> </div>is used<div style="display:inline-block;width:5.36px"> </div>to measure<div style="display:inline-block;width:5.1px"> </div>credit risk,<div style="display:inline-block;width:5.09px"> </div>ECL is<div style="display:inline-block;width:5.2px"> </div>determined using<div style="display:inline-block;width:5.9px"> </div>a </div><div id="a194719" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:183.9px;">portfolio approach<div style="display:inline-block;width:5.67px"> </div>that derives<div style="display:inline-block;width:5.12px"> </div>a conservative<div style="display:inline-block;width:5.72px"> </div>probability of<div style="display:inline-block;width:5.11px"> </div>default (PD)<div style="display:inline-block;width:5.75px"> </div>and a<div style="display:inline-block;width:5.27px"> </div>conservative<div style="display:inline-block;width:5.15px"> </div>loss given<div style="display:inline-block;width:5.13px"> </div>default (LGD) </div><div id="a194728" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:20.038px;top:199px;">for the entire portfolio.<div style="display:inline-block;width:4.88px"> </div></div><div id="a194732" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:229.5px;">5. Hedge accounting </div><div id="a194735" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:252.5px;">Under IFRS, when cash flow hedge<div style="display:inline-block;width:2.14px"> </div>accounting is applied, the<div style="display:inline-block;width:2.11px"> </div>fair value gain or<div style="display:inline-block;width:2.26px"> </div>loss on the<div style="display:inline-block;width:2.28px"> </div>effective portion of a derivative </div><div id="a194740" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:268.1px;">designated as<div style="display:inline-block;width:5.48px"> </div>a cash flow<div style="display:inline-block;width:5.51px"> </div>hedge is<div style="display:inline-block;width:5.38px"> </div>recognized initially<div style="display:inline-block;width:5.68px"> </div>in equity and<div style="display:inline-block;width:5.89px"> </div>reclassified to<div style="display:inline-block;width:5.55px"> </div>the income<div style="display:inline-block;width:5.3px"> </div>statement when<div style="display:inline-block;width:5.45px"> </div>certain </div><div id="a194745" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:283.2px;">conditions are<div style="display:inline-block;width:5.42px"> </div>met.<div style="display:inline-block;width:4.12px"> </div>When fair value<div style="display:inline-block;width:5.1px"> </div>hedge accounting<div style="display:inline-block;width:5.44px"> </div>is applied, the fair<div style="display:inline-block;width:5.19px"> </div>value change of<div style="display:inline-block;width:5.35px"> </div>the hedged item attributable </div><div id="a194755" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:298.4px;">to the hedged risk is reflected in the measurement<div style="display:inline-block;width:5.63px"> </div>of the hedged item and<div style="display:inline-block;width:5.1px"> </div>is recognized in the income statement<div style="display:inline-block;width:5.21px"> </div>along </div><div id="a194760" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:314px;">with the<div style="display:inline-block;width:5.88px"> </div>change<div style="display:inline-block;width:5.13px"> </div>in the<div style="display:inline-block;width:5.93px"> </div>fair value<div style="display:inline-block;width:5.74px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>hedging<div style="display:inline-block;width:5.64px"> </div>derivative.<div style="display:inline-block;width:4.34px"> </div>Under<div style="display:inline-block;width:5.12px"> </div>Swiss GAAP,<div style="display:inline-block;width:8.21px"> </div>the<div style="display:inline-block;width:5.25px"> </div>effective<div style="display:inline-block;width:5.05px"> </div>portion<div style="display:inline-block;width:5.13px"> </div>of the<div style="display:inline-block;width:5.88px"> </div>fair value </div><div id="a194766" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:329.1px;">change of a derivative instrument<div style="display:inline-block;width:5.32px"> </div>designated as a cash flow<div style="display:inline-block;width:5.42px"> </div>or as a fair value hedge<div style="display:inline-block;width:5.44px"> </div>is deferred on the balance sheet<div style="display:inline-block;width:5.55px"> </div>as </div><div id="a194769" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:4.905px;top:344.5px;">Other assets</div><div id="a194770" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:73.981px;top:344.7px;"><div style="display:inline-block;width:3.78px"> </div>or </div><div id="a194772" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:93.872px;top:344.5px;">Other liabilities</div><div id="a194773" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:178.085px;top:344.7px;">. The carrying amount<div style="display:inline-block;width:5.24px"> </div>of the hedged item designated<div style="display:inline-block;width:5.77px"> </div>in fair value hedges is<div style="display:inline-block;width:5.14px"> </div>not adjusted </div><div id="a194775" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:359.9px;">for fair value changes attributable to the<div style="display:inline-block;width:5.07px"> </div>hedged risk. </div><div id="a194777" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:389.8px;">6. Goodwill and intangible<div style="display:inline-block;width:5.29px"> </div>assets </div><div id="a194782" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:413.4px;">Under IFRS, goodwill acquired<div style="display:inline-block;width:5.01px"> </div>in a business combination is not amortized but tested annually<div style="display:inline-block;width:5.04px"> </div>for impairment. Intangible </div><div id="a194783" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:428.5px;">assets<div style="display:inline-block;width:5.67px"> </div>with<div style="display:inline-block;width:5.72px"> </div>an<div style="display:inline-block;width:5.88px"> </div>indefinite<div style="display:inline-block;width:6.14px"> </div>useful<div style="display:inline-block;width:6px"> </div>life<div style="display:inline-block;width:5.79px"> </div>are<div style="display:inline-block;width:6.23px"> </div>also<div style="display:inline-block;width:5.82px"> </div>not<div style="display:inline-block;width:5.93px"> </div>amortized<div style="display:inline-block;width:6.26px"> </div>but<div style="display:inline-block;width:5.93px"> </div>tested<div style="display:inline-block;width:5.62px"> </div>annually<div style="display:inline-block;width:6.34px"> </div>for<div style="display:inline-block;width:6.04px"> </div>impairment.<div style="display:inline-block;width:6.05px"> </div>Under<div style="display:inline-block;width:6.08px"> </div>Swiss<div style="display:inline-block;width:6.25px"> </div>GAAP, </div><div id="a194787" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:444.1px;">goodwill and<div style="display:inline-block;width:5.37px"> </div>intangible assets with<div style="display:inline-block;width:5.32px"> </div>indefinite useful lives are<div style="display:inline-block;width:5.42px"> </div>amortized over a<div style="display:inline-block;width:5.37px"> </div>period not exceeding<div style="display:inline-block;width:5.64px"> </div>five years, unless a </div><div id="a194788" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:459.2px;">longer<div style="display:inline-block;width:6.02px"> </div>useful<div style="display:inline-block;width:5.87px"> </div>life,<div style="display:inline-block;width:5.42px"> </div>which<div style="display:inline-block;width:5.4px"> </div>may<div style="display:inline-block;width:5.32px"> </div>not<div style="display:inline-block;width:5.93px"> </div>exceed </div><div id="a194788_41_2" style="position:absolute;font-family:'Frutiger';font-size:13.241px;left:250.343px;top:459.2px;">10</div><div id="a194788_43_76" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:265.165px;top:459.2px;"><div style="display:inline-block;width:5.67px"> </div>years,<div style="display:inline-block;width:5.47px"> </div>can<div style="display:inline-block;width:5.67px"> </div>be<div style="display:inline-block;width:5.88px"> </div>justified.<div style="display:inline-block;width:5.14px"> </div>In<div style="display:inline-block;width:5.77px"> </div>addition,<div style="display:inline-block;width:5.75px"> </div>these<div style="display:inline-block;width:5.77px"> </div>assets<div style="display:inline-block;width:5.67px"> </div>are<div style="display:inline-block;width:5.76px"> </div>tested<div style="display:inline-block;width:5.62px"> </div>annually<div style="display:inline-block;width:5.4px"> </div>for </div><div id="a194791" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:474.8px;">impairment. </div><div id="a194793" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:504.8px;">7. Post-employment benefit<div style="display:inline-block;width:5.4px"> </div>plans </div><div id="a194799" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:527.8px;">Swiss GAAP<div style="display:inline-block;width:5.13px"> </div>permit the use<div style="display:inline-block;width:5.35px"> </div>of IFRS or Swiss<div style="display:inline-block;width:5.61px"> </div>accounting standards<div style="display:inline-block;width:5.35px"> </div>for post-employment<div style="display:inline-block;width:5.44px"> </div>benefit plans,<div style="display:inline-block;width:5.28px"> </div>with the election </div><div id="a194802" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:543.4px;">made on a plan-by-plan basis. </div><div id="a194808" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:566.2px;">UBS<div style="display:inline-block;width:6.03px"> </div>has<div style="display:inline-block;width:5.93px"> </div>elected<div style="display:inline-block;width:5.42px"> </div>to<div style="display:inline-block;width:5.72px"> </div>apply<div style="display:inline-block;width:6.25px"> </div>IFRS<div style="display:inline-block;width:5.57px"> </div>(IAS 19)<div style="display:inline-block;width:6.57px"> </div>for<div style="display:inline-block;width:5.57px"> </div>the<div style="display:inline-block;width:5.72px"> </div>non-Swiss<div style="display:inline-block;width:6.29px"> </div>defined<div style="display:inline-block;width:6.02px"> </div>benefit<div style="display:inline-block;width:6.14px"> </div>plans<div style="display:inline-block;width:6.02px"> </div>in<div style="display:inline-block;width:5.86px"> </div>the<div style="display:inline-block;width:5.77px"> </div>UBS<div style="display:inline-block;width:6.03px"> </div>AG<div style="display:inline-block;width:5.72px"> </div>standalone<div style="display:inline-block;width:6.28px"> </div>financial </div><div id="a194817" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:581.3px;">statements and Swiss GAAP (FER<div style="display:inline-block;width:5.3px"> </div>16) for the Swiss pension<div style="display:inline-block;width:5.5px"> </div>plan in the UBS AG<div style="display:inline-block;width:5.05px"> </div>and the UBS Switzerland AG standalone </div><div id="a194820" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:596.9px;">financial statements. The requirements of Swiss<div style="display:inline-block;width:5.13px"> </div>GAAP are better aligned with the specific nature of Swiss pension plans, </div><div id="a194822" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:612px;">which are<div style="display:inline-block;width:6.07px"> </div>hybrid in<div style="display:inline-block;width:6.02px"> </div>that they<div style="display:inline-block;width:5.52px"> </div>combine elements<div style="display:inline-block;width:6.24px"> </div>of defined<div style="display:inline-block;width:6.18px"> </div>contribution<div style="display:inline-block;width:5.54px"> </div>and<div style="display:inline-block;width:5.13px"> </div>defined benefit<div style="display:inline-block;width:5.65px"> </div>plans,<div style="display:inline-block;width:5.18px"> </div>but are<div style="display:inline-block;width:6.12px"> </div>treated as </div><div id="a194823" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:627.2px;">defined<div style="display:inline-block;width:6.02px"> </div>benefit<div style="display:inline-block;width:5.67px"> </div>plans<div style="display:inline-block;width:6.02px"> </div>under<div style="display:inline-block;width:6.13px"> </div>IFRS.<div style="display:inline-block;width:5.8px"> </div>Key<div style="display:inline-block;width:5.9px"> </div>differences<div style="display:inline-block;width:6.31px"> </div>between<div style="display:inline-block;width:6.03px"> </div>Swiss<div style="display:inline-block;width:6.25px"> </div>GAAP<div style="display:inline-block;width:5.88px"> </div>and<div style="display:inline-block;width:6.08px"> </div>IFRS<div style="display:inline-block;width:6.04px"> </div>include<div style="display:inline-block;width:5.87px"> </div>the<div style="display:inline-block;width:5.72px"> </div>treatment<div style="display:inline-block;width:5.82px"> </div>of<div style="display:inline-block;width:6.2px"> </div>dynamic </div><div id="a194825" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:642.8px;">elements, such as future salary<div style="display:inline-block;width:1.86px"> </div>increases and future interest<div style="display:inline-block;width:2.33px"> </div>credits on retirement savings, which are<div style="display:inline-block;width:1.68px"> </div>not considered under </div><div id="a194826" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:657.9px;">the static<div style="display:inline-block;width:5.26px"> </div>method<div style="display:inline-block;width:5.5px"> </div>used in<div style="display:inline-block;width:5.39px"> </div>accordance with<div style="display:inline-block;width:5.91px"> </div>Swiss GAAP.<div style="display:inline-block;width:5.84px"> </div>Also, the<div style="display:inline-block;width:5.48px"> </div>discount<div style="display:inline-block;width:5.13px"> </div>rate used<div style="display:inline-block;width:5.45px"> </div>to determine<div style="display:inline-block;width:5.2px"> </div>the defined<div style="display:inline-block;width:6.18px"> </div>benefit </div><div id="a194828" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:673.5px;">obligation in accordance<div style="display:inline-block;width:5.67px"> </div>with IFRS is<div style="display:inline-block;width:5.3px"> </div>based on the yield<div style="display:inline-block;width:5.27px"> </div>of high-quality corporate<div style="display:inline-block;width:5.34px"> </div>bonds of<div style="display:inline-block;width:5.27px"> </div>the market in<div style="display:inline-block;width:5.1px"> </div>the respective </div><div id="a194831" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:688.7px;">pension<div style="display:inline-block;width:7.37px"> </div>plan<div style="display:inline-block;width:6.92px"> </div>country.<div style="display:inline-block;width:6.89px"> </div>The<div style="display:inline-block;width:6.82px"> </div>discount<div style="display:inline-block;width:7.02px"> </div>rate<div style="display:inline-block;width:6.31px"> </div>used<div style="display:inline-block;width:7.07px"> </div>in<div style="display:inline-block;width:6.72px"> </div>accordance<div style="display:inline-block;width:7.18px"> </div>with<div style="display:inline-block;width:7.14px"> </div>Swiss<div style="display:inline-block;width:6.72px"> </div>GAAP<div style="display:inline-block;width:7.11px"> </div>(i.e.,<div style="display:inline-block;width:7.41px"> </div>the<div style="display:inline-block;width:6.67px"> </div>technical<div style="display:inline-block;width:7.2px"> </div>interest<div style="display:inline-block;width:7.02px"> </div>rate)<div style="display:inline-block;width:6.89px"> </div>is </div><div id="a194834" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:703.8px;">determined by the Pension Foundation<div style="display:inline-block;width:5.6px"> </div>Board based on the expected returns<div style="display:inline-block;width:5.27px"> </div>of the Board’s investment strategy. </div><div id="a194836" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:727px;">For defined<div style="display:inline-block;width:5.98px"> </div>benefit plans,<div style="display:inline-block;width:6.23px"> </div>IFRS require<div style="display:inline-block;width:6.15px"> </div>the full<div style="display:inline-block;width:5.67px"> </div>defined benefit<div style="display:inline-block;width:5.65px"> </div>obligation<div style="display:inline-block;width:5.27px"> </div>net of<div style="display:inline-block;width:5.88px"> </div>the plan<div style="display:inline-block;width:5.66px"> </div>assets to<div style="display:inline-block;width:5.82px"> </div>be recorded<div style="display:inline-block;width:5.99px"> </div>on<div style="display:inline-block;width:5.13px"> </div>the </div><div id="a194838" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:742.1px;">balance sheet subject to the<div style="display:inline-block;width:2.19px"> </div>asset ceiling rules, with<div style="display:inline-block;width:2.28px"> </div>changes resulting from remeasurements<div style="display:inline-block;width:2.29px"> </div>recognized directly in equity. </div><div id="a194842" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:757.3px;">However, for non-Swiss defined<div style="display:inline-block;width:5.44px"> </div>benefit plans for which IFRS accounting<div style="display:inline-block;width:5.93px"> </div>is elected, changes<div style="display:inline-block;width:5.65px"> </div>due to remeasurements are </div><div id="a194845" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:772.9px;">recognized in the income statement of UBS<div style="display:inline-block;width:5.16px"> </div>AG standalone under<div style="display:inline-block;width:5.09px"> </div>Swiss GAAP. </div><div id="a194848" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:795.6px;">Swiss GAAP<div style="display:inline-block;width:5.13px"> </div>require employer<div style="display:inline-block;width:5.1px"> </div>contributions to<div style="display:inline-block;width:5.27px"> </div>the pension<div style="display:inline-block;width:5.64px"> </div>fund to<div style="display:inline-block;width:5.08px"> </div>be recognized as<div style="display:inline-block;width:5.61px"> </div>personnel expenses<div style="display:inline-block;width:5.73px"> </div>in the income </div><div id="a194852" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:810.8px;">statement. Swiss<div style="display:inline-block;width:2.34px"> </div>GAAP also require an<div style="display:inline-block;width:1.87px"> </div>assessment of whether, based<div style="display:inline-block;width:2.04px"> </div>on<div style="display:inline-block;width:3.31px"> </div>the pension fund’s financial<div style="display:inline-block;width:1.53px"> </div>statements prepared </div><div id="a194862" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:825.9px;">in accordance<div style="display:inline-block;width:5.96px"> </div>with Swiss<div style="display:inline-block;width:5.93px"> </div>accounting<div style="display:inline-block;width:5.08px"> </div>standards (FER<div style="display:inline-block;width:5.29px"> </div>26), an<div style="display:inline-block;width:5.65px"> </div>economic benefit<div style="display:inline-block;width:5.24px"> </div>to, or<div style="display:inline-block;width:5.98px"> </div>obligation of,<div style="display:inline-block;width:6px"> </div>the employer<div style="display:inline-block;width:5.62px"> </div>arises </div><div id="a194865" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:841.5px;">from<div style="display:inline-block;width:5.18px"> </div>the<div style="display:inline-block;width:5.25px"> </div>pension<div style="display:inline-block;width:5.96px"> </div>fund<div style="display:inline-block;width:5.75px"> </div>that<div style="display:inline-block;width:5.1px"> </div>is<div style="display:inline-block;width:5.15px"> </div>recognized<div style="display:inline-block;width:6.06px"> </div>in<div style="display:inline-block;width:5.3px"> </div>the<div style="display:inline-block;width:5.25px"> </div>balance<div style="display:inline-block;width:5.77px"> </div>sheet<div style="display:inline-block;width:5.3px"> </div>when<div style="display:inline-block;width:5.71px"> </div>conditions<div style="display:inline-block;width:5.7px"> </div>are<div style="display:inline-block;width:5.76px"> </div>met.<div style="display:inline-block;width:5.22px"> </div>Conditions<div style="display:inline-block;width:6.05px"> </div>for<div style="display:inline-block;width:5.1px"> </div>recording<div style="display:inline-block;width:6.35px"> </div>a </div><div id="a194870" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:856.6px;">pension asset<div style="display:inline-block;width:5.53px"> </div>or liability would<div style="display:inline-block;width:5.86px"> </div>be met<div style="display:inline-block;width:5.2px"> </div>if, for<div style="display:inline-block;width:5.05px"> </div>example, an<div style="display:inline-block;width:5.36px"> </div>employer contribution<div style="display:inline-block;width:5.91px"> </div>reserve is<div style="display:inline-block;width:5.5px"> </div>available or<div style="display:inline-block;width:5.52px"> </div>the employer<div style="display:inline-block;width:5.15px"> </div>is </div><div id="a194871" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:872.3px;">required to contribute to the<div style="display:inline-block;width:5.06px"> </div>reduction of a pension deficit (on<div style="display:inline-block;width:5.06px"> </div>an FER 26 basis).</div></div><div id="TextBlockContainer1764" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#E60000;line-height:normal;width:695px;height:572px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a194915" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">8. Leasing </div><div id="a194917" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:23px;">Under<div style="display:inline-block;width:7.03px"> </div>IFRS,<div style="display:inline-block;width:6.62px"> </div>a<div style="display:inline-block;width:6.15px"> </div>single<div style="display:inline-block;width:6.87px"> </div>lease<div style="display:inline-block;width:6.57px"> </div>accounting<div style="display:inline-block;width:6.97px"> </div>model<div style="display:inline-block;width:6.29px"> </div>applies<div style="display:inline-block;width:6.87px"> </div>that<div style="display:inline-block;width:6.52px"> </div>requires<div style="display:inline-block;width:6.67px"> </div>UBS<div style="display:inline-block;width:6.5px"> </div>to<div style="display:inline-block;width:6.2px"> </div>record<div style="display:inline-block;width:6.52px"> </div>a<div style="display:inline-block;width:6.62px"> </div>right-of-use<div style="display:inline-block;width:6.96px"> </div>(RoU)<div style="display:inline-block;width:6.91px"> </div>asset<div style="display:inline-block;width:6.57px"> </div>and<div style="display:inline-block;width:6.08px"> </div>a </div><div id="a194922" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:38.7px;">corresponding<div style="display:inline-block;width:5.35px"> </div>lease liability on<div style="display:inline-block;width:5.56px"> </div>the balance sheet<div style="display:inline-block;width:6.13px"> </div>when UBS<div style="display:inline-block;width:5.7px"> </div>is a lessee<div style="display:inline-block;width:5.35px"> </div>in a<div style="display:inline-block;width:5.4px"> </div>lease arrangement.<div style="display:inline-block;width:6.11px"> </div>The RoU<div style="display:inline-block;width:5.59px"> </div>asset and<div style="display:inline-block;width:5.18px"> </div>the </div><div id="a194924" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:53.8px;">lease liability<div style="display:inline-block;width:5.52px"> </div>are recognized<div style="display:inline-block;width:6.25px"> </div>when UBS<div style="display:inline-block;width:5.7px"> </div>acquires control<div style="display:inline-block;width:5.77px"> </div>of the<div style="display:inline-block;width:5.4px"> </div>physical use<div style="display:inline-block;width:5.87px"> </div>of the<div style="display:inline-block;width:5.4px"> </div>asset. The<div style="display:inline-block;width:5.56px"> </div>lease liability<div style="display:inline-block;width:5.05px"> </div>is measured </div><div id="a194925" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:68.9px;">based on the present value of<div style="display:inline-block;width:2.23px"> </div>the lease payments over the lease term, discounted using UBS’s unsecured borrowing rate. </div><div id="a194928" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:84.5px;">The RoU asset is recorded at<div style="display:inline-block;width:2.07px"> </div>an amount equal to<div style="display:inline-block;width:2.11px"> </div>the lease liability<div style="display:inline-block;width:1.89px"> </div>but is adjusted for rent<div style="display:inline-block;width:1.99px"> </div>prepayments, initial direct costs, </div><div id="a194930" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:99.7px;">any costs to refurbish the leased asset and<div style="display:inline-block;width:5.07px"> </div>/ or lease incentives received. The RoU asset is depreciated over the shorter of </div><div id="a194936" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:115.3px;">the lease term or the useful life of the<div style="display:inline-block;width:5.12px"> </div>underlying asset. </div><div id="a194938" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:138px;">Under<div style="display:inline-block;width:6.55px"> </div>Swiss<div style="display:inline-block;width:6.25px"> </div>GAAP,<div style="display:inline-block;width:6.59px"> </div>leases<div style="display:inline-block;width:6.14px"> </div>that<div style="display:inline-block;width:6.04px"> </div>transfer<div style="display:inline-block;width:5.79px"> </div>substantially<div style="display:inline-block;width:6.5px"> </div>all<div style="display:inline-block;width:6.41px"> </div>the<div style="display:inline-block;width:6.2px"> </div>risks<div style="display:inline-block;width:5.99px"> </div>and<div style="display:inline-block;width:6.55px"> </div>rewards,<div style="display:inline-block;width:7.06px"> </div>but<div style="display:inline-block;width:5.45px"> </div>not<div style="display:inline-block;width:6.4px"> </div>necessarily<div style="display:inline-block;width:6.15px"> </div>legal<div style="display:inline-block;width:6.14px"> </div>title<div style="display:inline-block;width:6.11px"> </div>in<div style="display:inline-block;width:6.25px"> </div>the </div><div id="a194941" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:153.1px;">underlying assets, are<div style="display:inline-block;width:2.26px"> </div>classified as finance<div style="display:inline-block;width:2.2px"> </div>leases. All other<div style="display:inline-block;width:2.24px"> </div>leases are classified<div style="display:inline-block;width:2px"> </div>as operating leases. Whereas finance<div style="display:inline-block;width:1.99px"> </div>leases </div><div id="a194943" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:168.3px;">are recognized on the<div style="display:inline-block;width:5.02px"> </div>balance sheet and measured in line with<div style="display:inline-block;width:5.06px"> </div>IFRS, operating leases are not<div style="display:inline-block;width:5.21px"> </div>recognized on the balance </div><div id="a194945" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:183.9px;">sheet,<div style="display:inline-block;width:5.4px"> </div>with<div style="display:inline-block;width:5.28px"> </div>payments<div style="display:inline-block;width:5.15px"> </div>recognized<div style="display:inline-block;width:5.59px"> </div>as </div><div id="a194947" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:italic;color:#000000;left:217.845px;top:183.6px;">General<div style="display:inline-block;width:5.04px"> </div>and<div style="display:inline-block;width:5.13px"> </div>administrative expenses</div><div id="a194948" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:428.405px;top:183.9px;"><div style="display:inline-block;width:5.2px"> </div>on<div style="display:inline-block;width:5.61px"> </div>a straight-line<div style="display:inline-block;width:6.05px"> </div>basis<div style="display:inline-block;width:5.4px"> </div>over<div style="display:inline-block;width:5.05px"> </div>the<div style="display:inline-block;width:5.25px"> </div>lease<div style="display:inline-block;width:5.15px"> </div>term, </div><div id="a194953" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:199px;">which<div style="display:inline-block;width:5.4px"> </div>commences with<div style="display:inline-block;width:6.99px"> </div>control<div style="display:inline-block;width:5.43px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>physical<div style="display:inline-block;width:5.04px"> </div>use<div style="display:inline-block;width:5.45px"> </div>of<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>asset.<div style="display:inline-block;width:5.25px"> </div>Lease<div style="display:inline-block;width:5.05px"> </div>incentives<div style="display:inline-block;width:5.36px"> </div>are<div style="display:inline-block;width:5.29px"> </div>treated<div style="display:inline-block;width:5.18px"> </div>as<div style="display:inline-block;width:5.25px"> </div>a<div style="display:inline-block;width:5.2px"> </div>reduction<div style="display:inline-block;width:5.64px"> </div>of<div style="display:inline-block;width:5.25px"> </div>rental </div><div id="a194954" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:214.6px;">expense and recognized<div style="display:inline-block;width:5.03px"> </div>on a consistent basis over the lease term. </div><div id="a194955" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#000000;left:382.978px;top:214.3px;"> </div><div id="a194956" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:244.6px;">9. Netting of derivative assets and<div style="display:inline-block;width:5.16px"> </div>liabilities </div><div id="a194959" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:268.1px;">Under IFRS, derivative assets,<div style="display:inline-block;width:3.51px"> </div>derivative liabilities and related cash collateral not settled to market are reported on a gross </div><div id="a194969" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:283.2px;">basis<div style="display:inline-block;width:5.4px"> </div>unless<div style="display:inline-block;width:5.6px"> </div>the<div style="display:inline-block;width:5.25px"> </div>restrictive<div style="display:inline-block;width:5.68px"> </div>IFRS<div style="display:inline-block;width:5.1px"> </div>netting<div style="display:inline-block;width:5.87px"> </div>requirements<div style="display:inline-block;width:6.09px"> </div>are<div style="display:inline-block;width:5.76px"> </div>met:<div style="display:inline-block;width:5.69px"> </div>(i) existence<div style="display:inline-block;width:5.47px"> </div>of<div style="display:inline-block;width:5.8px"> </div>master<div style="display:inline-block;width:5.26px"> </div>netting<div style="display:inline-block;width:5.4px"> </div>agreements<div style="display:inline-block;width:5.91px"> </div>and<div style="display:inline-block;width:5.61px"> </div>related </div><div id="a194976" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:298.4px;">collateral arrangements<div style="display:inline-block;width:6.15px"> </div>that are<div style="display:inline-block;width:5.76px"> </div>unconditional<div style="display:inline-block;width:5.48px"> </div>and<div style="display:inline-block;width:5.13px"> </div>legally enforceable,<div style="display:inline-block;width:6.06px"> </div>in both<div style="display:inline-block;width:6.33px"> </div>the normal<div style="display:inline-block;width:5.35px"> </div>course of<div style="display:inline-block;width:5.93px"> </div>business<div style="display:inline-block;width:5.38px"> </div>and the </div><div id="a194979" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:314px;">event of default, bankruptcy or insolvency of UBS<div style="display:inline-block;width:5.37px"> </div>and its counterparties; and (<div style="display:inline-block;width:1.45px"> </div>ii) UBS’s intention to either settle on<div style="display:inline-block;width:5.04px"> </div>a net </div><div id="a194985" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:329.1px;">basis or to realize<div style="display:inline-block;width:2.17px"> </div>the asset and settle<div style="display:inline-block;width:2.24px"> </div>the liability simultaneously.<div style="display:inline-block;width:2.83px"> </div>Under Swiss GAAP, derivative assets, derivative liabilities </div><div id="a194994" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:344.7px;">and related<div style="display:inline-block;width:5.27px"> </div>cash collateral not<div style="display:inline-block;width:5.19px"> </div>settled to market<div style="display:inline-block;width:5.38px"> </div>are generally<div style="display:inline-block;width:5.23px"> </div>reported on<div style="display:inline-block;width:5.62px"> </div>a net basis, provided<div style="display:inline-block;width:5.98px"> </div>the master netting<div style="display:inline-block;width:5.43px"> </div>and </div><div id="a195000" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:359.9px;">the<div style="display:inline-block;width:5.72px"> </div>related<div style="display:inline-block;width:6.18px"> </div>collateral<div style="display:inline-block;width:6px"> </div>agreements<div style="display:inline-block;width:6.38px"> </div>are<div style="display:inline-block;width:6.23px"> </div>legally<div style="display:inline-block;width:5.83px"> </div>enforceable<div style="display:inline-block;width:6.85px"> </div>in<div style="display:inline-block;width:5.77px"> </div>the<div style="display:inline-block;width:5.72px"> </div>event<div style="display:inline-block;width:5.99px"> </div>of<div style="display:inline-block;width:5.72px"> </div>default,<div style="display:inline-block;width:6.72px"> </div>bankruptcy<div style="display:inline-block;width:5.77px"> </div>or<div style="display:inline-block;width:5.72px"> </div>insolvency<div style="display:inline-block;width:6.46px"> </div>of<div style="display:inline-block;width:5.72px"> </div>UBS’s </div><div id="a195001" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:375px;">counterparties. </div><div id="a195003" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:405.5px;">10. Negative interest </div><div id="a195005" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:428.5px;">Under<div style="display:inline-block;width:5.13px"> </div>IFRS, negative<div style="display:inline-block;width:5.72px"> </div>interest<div style="display:inline-block;width:5.13px"> </div>income<div style="display:inline-block;width:5.15px"> </div>arising<div style="display:inline-block;width:5.29px"> </div>on<div style="display:inline-block;width:5.13px"> </div>a financial<div style="display:inline-block;width:5.52px"> </div>asset does<div style="display:inline-block;width:6.18px"> </div>not meet<div style="display:inline-block;width:6.2px"> </div>the definition<div style="display:inline-block;width:6.02px"> </div>of interest<div style="display:inline-block;width:6.23px"> </div>income and, </div><div id="a195007" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:444.1px;">therefore, negative<div style="display:inline-block;width:5.62px"> </div>interest on<div style="display:inline-block;width:5.64px"> </div>financial assets<div style="display:inline-block;width:5.51px"> </div>and negative<div style="display:inline-block;width:5.4px"> </div>interest on<div style="display:inline-block;width:5.64px"> </div>financial liabilities<div style="display:inline-block;width:5.46px"> </div>are presented<div style="display:inline-block;width:5.98px"> </div>within interest </div><div id="a195011" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:459.2px;">expense and<div style="display:inline-block;width:6.44px"> </div>interest income,<div style="display:inline-block;width:5.81px"> </div>respectively.<div style="display:inline-block;width:5.99px"> </div>Under<div style="display:inline-block;width:5.13px"> </div>Swiss GAAP,<div style="display:inline-block;width:8.21px"> </div>negative interest<div style="display:inline-block;width:5.65px"> </div>on financial<div style="display:inline-block;width:5.45px"> </div>assets is<div style="display:inline-block;width:5.72px"> </div>presented<div style="display:inline-block;width:5.32px"> </div>within </div><div id="a195015" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:474.8px;">interest income and negative interest<div style="display:inline-block;width:5.29px"> </div>on financial liabilities is presented<div style="display:inline-block;width:5.29px"> </div>within interest expense. </div><div id="a195017" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:504.8px;">11. Extraordinary income<div style="display:inline-block;width:5.01px"> </div>and expense </div><div id="a195019" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:527.8px;">Certain non-recurring<div style="display:inline-block;width:5.82px"> </div>and non<div style="display:inline-block;width:1.65px"> </div>-operating income<div style="display:inline-block;width:5.06px"> </div>and expense<div style="display:inline-block;width:5.49px"> </div>items, such as<div style="display:inline-block;width:5.45px"> </div>realized<div style="display:inline-block;width:5.55px"> </div>gains or<div style="display:inline-block;width:5.23px"> </div>losses from<div style="display:inline-block;width:5.06px"> </div>the disposal </div><div id="a195024" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:543.4px;">of participations, fixed and intangible assets, and reversals of<div style="display:inline-block;width:2.27px"> </div>impairments of participations and fixed assets, are classified </div><div id="a195028" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;color:#000000;left:4.905px;top:558.6px;">as extraordinary items under Swiss<div style="display:inline-block;width:5.2px"> </div>GAAP.<div style="display:inline-block;width:6.11px"> </div>This distinction is not available under<div style="display:inline-block;width:5.29px"> </div>IFRS.</div></div> P10Y <div id="TextBlockContainer1766" style="position:relative;font-family:'Frutiger';font-size:13.241px;color:#000000;line-height:normal;width:695px;height:201px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a195066" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:4.905px;top:0px;">Note 34<div style="display:inline-block;width:8.2px"> </div>Supplemental guarantor information<div style="display:inline-block;width:5.2px"> </div>required under SEC regulations </div><div id="a195072" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#E60000;left:4.905px;top:34.5px;">Joint liability of<div style="display:inline-block;width:5.08px"> </div>UBS Switzerland AG </div><div id="a195077" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:57.6px;">In 2015, the Personal &amp; Corporate Banking and Wealth Management businesses booked in Switzerland were transferred </div><div id="a195079" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:73.2px;">from<div style="display:inline-block;width:5.18px"> </div>UBS<div style="display:inline-block;width:5.56px"> </div>AG<div style="display:inline-block;width:5.25px"> </div>to UBS<div style="display:inline-block;width:6.18px"> </div>Switzerland<div style="display:inline-block;width:5.47px"> </div>AG<div style="display:inline-block;width:5.25px"> </div>through<div style="display:inline-block;width:5.67px"> </div>an asset<div style="display:inline-block;width:6.4px"> </div>transfer in<div style="display:inline-block;width:6.46px"> </div>accordance<div style="display:inline-block;width:5.29px"> </div>with<div style="display:inline-block;width:5.25px"> </div>the<div style="display:inline-block;width:5.25px"> </div>Swiss Merger<div style="display:inline-block;width:6.29px"> </div>Act.<div style="display:inline-block;width:5.1px"> </div>Under<div style="display:inline-block;width:5.61px"> </div>the </div><div id="a195080" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:88.3px;">terms of the asset transfer agreement,<div style="display:inline-block;width:5.28px"> </div>UBS Switzerland AG<div style="display:inline-block;width:5.13px"> </div>assumed joint liability for<div style="display:inline-block;width:5.13px"> </div>contractual obligations of<div style="display:inline-block;width:5.09px"> </div>UBS AG </div><div id="a195082" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:103.4px;">existing<div style="display:inline-block;width:5.09px"> </div>on<div style="display:inline-block;width:5.13px"> </div>the asset<div style="display:inline-block;width:5.77px"> </div>transfer date,<div style="display:inline-block;width:5.57px"> </div>including<div style="display:inline-block;width:5.23px"> </div>the full<div style="display:inline-block;width:5.67px"> </div>and unconditional<div style="display:inline-block;width:6.46px"> </div>guarantee of<div style="display:inline-block;width:5.66px"> </div>certain registered<div style="display:inline-block;width:6.21px"> </div>debt securities </div><div id="a195083" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:119.1px;">issued by UBS AG. To<div style="display:inline-block;width:6.78px"> </div>reflect this joint liability,<div style="display:inline-block;width:5.19px"> </div>UBS Switzerland AG is presented<div style="display:inline-block;width:5.4px"> </div>in a separate column as a subsidia<div style="display:inline-block;width:1.73px"> </div>ry co-</div><div id="a195086" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:134.2px;">guarantor. </div><div id="a195088" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:157.4px;">The<div style="display:inline-block;width:5.88px"> </div>joint<div style="display:inline-block;width:5.72px"> </div>liability of<div style="display:inline-block;width:7.04px"> </div>UBS<div style="display:inline-block;width:6.03px"> </div>Switzerland<div style="display:inline-block;width:5.47px"> </div>AG<div style="display:inline-block;width:5.72px"> </div>for<div style="display:inline-block;width:5.73px"> </div>contractual<div style="display:inline-block;width:5.34px"> </div>obligations<div style="display:inline-block;width:6.27px"> </div>of<div style="display:inline-block;width:5.25px"> </div>UBS<div style="display:inline-block;width:5.56px"> </div>AG<div style="display:inline-block;width:5.72px"> </div>decreased<div style="display:inline-block;width:5.54px"> </div>in<div style="display:inline-block;width:5.77px"> </div>2022<div style="display:inline-block;width:5.7px"> </div>by<div style="display:inline-block;width:5.67px"> </div>USD </div><div id="a195088_105_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:635.672px;top:157.4px;">1.4</div><div id="a195088_108_6" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:654.112px;top:157.4px;">bn<div style="display:inline-block;width:5.63px"> </div>to </div><div id="a195101" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:172.5px;">USD </div><div id="a195101_4_3" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:33.312px;top:172.5px;">4.3</div><div id="a195101_7_112" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:51.754px;top:172.5px;">bn as of 31 December 2022.<div style="display:inline-block;width:5.59px"> </div>The decrease substantially relates to a<div style="display:inline-block;width:5.39px"> </div>combination of contractual maturities,<div style="display:inline-block;width:5.5px"> </div>early </div><div id="a195110" style="position:absolute;font-family:'Frutiger';font-weight:light;font-style:normal;left:4.905px;top:187.7px;">extinguishments, fair value movements<div style="display:inline-block;width:5.13px"> </div>and foreign currency effects.</div></div><div id="TextBlockContainer1770" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:428px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1768_XBRL_TS_7ef74858d53e43f4aa8aa6cf40df2b84" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1769" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:428px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a195114" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Supplemental guarantor consolidated<div style="display:inline-block;width:4.55px"> </div>income statement </div><div id="a195120" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:19.1px;">USD m </div><div id="a195122" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:339.662px;top:27.6px;">UBS AG </div><div id="a195124" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:39.4px;">(standalone)</div><div id="a195125" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:365.675px;top:40.1px;">1</div><div id="a195127" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:433.328px;top:15.8px;">UBS </div><div id="a195129" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:27.6px;">Switzerland AG </div><div id="a195131" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:400.222px;top:39.4px;">(standalone)</div><div id="a195132" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:445.662px;top:40.1px;">1</div><div id="a195134" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:507.635px;top:27.6px;">Other<div style="display:inline-block;width:2.46px"> </div></div><div id="a195136" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:483.488px;top:39.4px;">subsidiaries</div><div id="a195137" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:525.608px;top:40.1px;">2</div><div id="a195139" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.528px;top:27.6px;">Elimination </div><div id="a195141" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:579.075px;top:39.4px;">entries </div><div id="a195143" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.568px;top:27.6px;">UBS AG </div><div id="a195145" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:627.355px;top:39.4px;">(consolidated) </div><div id="a195147" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:39.4px;">For the year ended<div style="display:inline-block;width:3.9px"> </div>31 December 2022 </div><div id="a195149" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:51.7px;">Interest income from financial instruments measured<div style="display:inline-block;width:3.76px"> </div>at amortized cost and </div><div id="a195150" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:63.1px;">fair value through other comprehensive<div style="display:inline-block;width:3.81px"> </div>income </div><div id="a195152_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:346.755px;top:63.1px;">4,824</div><div id="a195155_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.715px;top:63.1px;">3,894</div><div id="a195158_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.688px;top:63.1px;">4,661</div><div id="a195161_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.715px;top:63.1px;display:flex;">(1,575)</div><div id="a195164_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:63.1px;">11,803</div><div id="a195167" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:78.2px;">Interest expense from financial instruments measured<div style="display:inline-block;width:3.77px"> </div>at amortized cost </div><div id="a195170_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:342.022px;top:78.2px;display:flex;">(5,449)</div><div id="a195173_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:429.075px;top:78.2px;display:flex;">(736)</div><div id="a195176_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.968px;top:78.2px;display:flex;">(2,604)</div><div id="a195179_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:581.448px;top:78.2px;">2,093</div><div id="a195182_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:78.2px;display:flex;">(6,696)</div><div id="a195185" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:92.9px;">Net interest income from financial instruments measured<div style="display:inline-block;width:3.83px"> </div>at fair value through </div><div id="a195186" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:104.2px;">profit or loss and other </div><div id="a195188_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:353.848px;top:104.2px;">881</div><div id="a195191_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:433.808px;top:104.2px;">546</div><div id="a195194_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.782px;top:104.2px;">431</div><div id="a195197_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.808px;top:104.2px;display:flex;">(449)</div><div id="a195200_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:104.2px;">1,410</div><div id="a195203" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:118.4px;">Net interest income </div><div id="a195205_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:353.848px;top:118.4px;">257</div><div id="a195208_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.715px;top:118.4px;">3,704</div><div id="a195211_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.688px;top:118.4px;">2,488</div><div id="a195214_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:118.4px;">68</div><div id="a195217_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:118.4px;">6,517</div><div id="a195220" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:132.6px;">Other net income from financial instruments measured<div style="display:inline-block;width:3.73px"> </div>at fair value through </div><div id="a195221" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:144px;">profit or loss </div><div id="a195223_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:346.755px;top:144px;">5,541</div><div id="a195226_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:433.808px;top:144px;">900</div><div id="a195229_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.782px;top:144px;">940</div><div id="a195232_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:144px;">112</div><div id="a195235_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:144px;">7,493</div><div id="a195238" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:158.6px;">Fee and commission income </div><div id="a195240_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:346.755px;top:158.6px;">2,875</div><div id="a195243_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.715px;top:158.6px;">4,865</div><div id="a195246_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.968px;top:158.6px;">13,766</div><div id="a195249_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.808px;top:158.6px;display:flex;">(660)</div><div id="a195252_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:158.6px;">20,846</div><div id="a195255" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:175.2px;">Fee and commission expense </div><div id="a195257_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:349.128px;top:175.2px;display:flex;">(684)</div><div id="a195260_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:429.075px;top:175.2px;display:flex;">(464)</div><div id="a195263_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.968px;top:175.2px;display:flex;">(1,327)</div><div id="a195266_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:175.2px;">652</div><div id="a195269_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:175.2px;display:flex;">(1,823)</div><div id="a195272" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:190.8px;">Net fee and commission income </div><div id="a195274_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:346.755px;top:190.8px;">2,191</div><div id="a195277_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.715px;top:190.8px;">4,401</div><div id="a195280_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.968px;top:190.8px;">12,439</div><div id="a195283_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:190.8px;display:flex;">(8)</div><div id="a195286_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:190.8px;">19,023</div><div id="a195289" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:206.9px;">Other income </div><div id="a195291_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:346.755px;top:206.9px;">6,732</div><div id="a195294_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:433.808px;top:206.9px;">203</div><div id="a195297_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.688px;top:206.9px;">3,329</div><div id="a195300_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.715px;top:206.9px;display:flex;">(8,382)</div><div id="a195303_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:206.9px;">1,882</div><div id="a195306" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:223px;">Total revenues </div><div id="a195308_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:342.022px;top:223px;">14,721</div><div id="a195311_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.715px;top:223px;">9,208</div><div id="a195314_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.968px;top:223px;">19,197</div><div id="a195317_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.715px;top:223px;display:flex;">(8,210)</div><div id="a195320_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:223px;">34,915</div><div id="a195323" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:239.1px;">Credit loss expense / (release) </div><div id="a195325_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:354.328px;top:239.1px;display:flex;">(17)</div><div id="a195328_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:439.008px;top:239.1px;">50</div><div id="a195331_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.995px;top:239.1px;display:flex;">(3)</div><div id="a195334_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:239.1px;display:flex;">(1)</div><div id="a195337_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:239.1px;">29</div><div id="a195340" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:255.6px;">Personnel expenses </div><div id="a195342_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:346.755px;top:255.6px;">3,251</div><div id="a195345_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.715px;top:255.6px;">1,995</div><div id="a195348_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.688px;top:255.6px;">9,835</div><div id="a195351_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.475px;top:255.6px;">0</div><div id="a195354_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:255.6px;">15,080</div><div id="a195357" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:271.7px;">General and administrative expenses </div><div id="a195359_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:346.755px;top:271.7px;">3,374</div><div id="a195362_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.715px;top:271.7px;">3,258</div><div id="a195365_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.688px;top:271.7px;">5,029</div><div id="a195368_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.715px;top:271.7px;display:flex;">(2,660)</div><div id="a195371_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:271.7px;">9,001</div><div id="a195374" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:288.3px;">Depreciation, amortization and impairment of non<div style="display:inline-block;width:1.5px"> </div>-financial assets </div><div id="a195378_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:353.848px;top:288.3px;">871</div><div id="a195381_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:433.808px;top:288.3px;">340</div><div id="a195384_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.782px;top:288.3px;">744</div><div id="a195387_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.808px;top:288.3px;display:flex;">(109)</div><div id="a195390_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:288.3px;">1,845</div><div id="a195393" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:303.9px;">Operating expenses </div><div id="a195395_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:346.755px;top:303.9px;">7,496</div><div id="a195398_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.715px;top:303.9px;">5,592</div><div id="a195401_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.968px;top:303.9px;">15,607</div><div id="a195404_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.715px;top:303.9px;display:flex;">(2,769)</div><div id="a195407_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:303.9px;">25,927</div><div id="a195410" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:320px;">Operating profit / (loss) before<div style="display:inline-block;width:3.73px"> </div>tax </div><div id="a195412_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:346.755px;top:320px;">7,242</div><div id="a195415_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.715px;top:320px;">3,566</div><div id="a195418_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.688px;top:320px;">3,592</div><div id="a195421_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.715px;top:320px;display:flex;">(5,440)</div><div id="a195424_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:320px;">8,960</div><div id="a195427" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:336.5px;">Tax expense / (benefit) </div><div id="a195429_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:354.328px;top:336.5px;display:flex;">(28)</div><div id="a195432_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:433.808px;top:336.5px;">638</div><div id="a195435_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.688px;top:336.5px;">1,083</div><div id="a195438_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:336.5px;">151</div><div id="a195441_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:336.5px;">1,844</div><div id="a195444" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:352.1px;">Net profit / (loss) </div><div id="a195446_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:346.755px;top:352.1px;">7,270</div><div id="a195449_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.715px;top:352.1px;">2,928</div><div id="a195452_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.688px;top:352.1px;">2,509</div><div id="a195455_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.715px;top:352.1px;display:flex;">(5,592)</div><div id="a195458_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:352.1px;">7,116</div><div id="a195461" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:368.7px;">Net profit / (loss) attributable to non-controlling<div style="display:inline-block;width:3.95px"> </div>interests </div><div id="a195466_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:368.7px;">0</div><div id="a195469_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:443.768px;top:368.7px;">0</div><div id="a195472_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.995px;top:368.7px;">32</div><div id="a195475_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.475px;top:368.7px;">0</div><div id="a195478_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:368.7px;">32</div><div id="a195481" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:384.3px;">Net profit / (loss) attributable to shareholders </div><div id="a195483_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:346.755px;top:384.3px;">7,270</div><div id="a195486_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.715px;top:384.3px;">2,928</div><div id="a195489_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.688px;top:384.3px;">2,477</div><div id="a195492_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.715px;top:384.3px;display:flex;">(5,592)</div><div id="a195495_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:384.3px;">7,084</div><div id="a195498" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:399.3px;">1 Amounts presented<div style="display:inline-block;width:3.63px"> </div>for UBS AG<div style="display:inline-block;width:3.78px"> </div>standalone and<div style="display:inline-block;width:3.79px"> </div>UBS Switzerland AG<div style="display:inline-block;width:3.94px"> </div>standalone represent<div style="display:inline-block;width:3.63px"> </div>IFRS standalone<div style="display:inline-block;width:3.82px"> </div>information. Refer<div style="display:inline-block;width:3.62px"> </div>to the UBS AG<div style="display:inline-block;width:3.93px"> </div>standalone and<div style="display:inline-block;width:3.79px"> </div>UBS Switzerland AG<div style="display:inline-block;width:3.94px"> </div>standalone financial<div style="display:inline-block;width:4.11px"> </div>statements </div><div id="a195500" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:409.7px;">under “Complementary<div style="display:inline-block;width:5.36px"> </div>financial<div style="display:inline-block;width:4.26px"> </div>information”<div style="display:inline-block;width:3.62px"> </div>at ubs.com/investors<div style="display:inline-block;width:5.81px"> </div>for information<div style="display:inline-block;width:5.66px"> </div>prepared<div style="display:inline-block;width:3.63px"> </div>in accordance<div style="display:inline-block;width:5.21px"> </div>with<div style="display:inline-block;width:3.47px"> </div>Swiss<div style="display:inline-block;width:3.46px"> </div>GAAP.<div style="display:inline-block;width:14.64px"> </div>2<div style="display:inline-block;width:3.74px"> </div>The<div style="display:inline-block;width:3.79px"> </div>”Other<div style="display:inline-block;width:3.63px"> </div>subsidiaries“<div style="display:inline-block;width:4.16px"> </div>column<div style="display:inline-block;width:3.45px"> </div>includes<div style="display:inline-block;width:3.78px"> </div>consolidated<div style="display:inline-block;width:3.93px"> </div>information<div style="display:inline-block;width:3.92px"> </div>for the </div><div id="a195504" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:419.7px;">UBS Americas Holding LLC,<div style="display:inline-block;width:3.99px"> </div>UBS Europe SE and UBS Asset<div style="display:inline-block;width:3.82px"> </div>Management AG significant<div style="display:inline-block;width:3.48px"> </div>sub-groups, as well<div style="display:inline-block;width:3.76px"> </div>as standalone information<div style="display:inline-block;width:3.46px"> </div>for other subsidiaries.</div></div></div></div><div id="TextBlockContainer1774" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:475px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1772_XBRL_TS_bedeec485dcf48ec8955826726ea8da0" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1773" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:475px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a195556" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Supplemental guarantor consolidated<div style="display:inline-block;width:4.55px"> </div>statement of comprehensive income </div><div id="a195558" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:19.5px;">USD m </div><div id="a195560" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:27.6px;">UBS AG </div><div id="a195562" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:289.982px;top:39.4px;">(standalone)</div><div id="a195563" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:335.382px;top:40.1px;">1</div><div id="a195565" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.262px;top:16.2px;">UBS </div><div id="a195567" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:367.568px;top:27.6px;">Switzerland AG </div><div id="a195569" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:375.128px;top:39.4px;">(standalone)</div><div id="a195570" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:420.568px;top:40.1px;">1</div><div id="a195572" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:487.275px;top:27.6px;">Other<div style="display:inline-block;width:2.49px"> </div></div><div id="a195574" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.155px;top:39.4px;">subsidiaries</div><div id="a195575" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:505.275px;top:40.1px;">2</div><div id="a195577" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:552.595px;top:27.6px;">Elimination </div><div id="a195579" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:569.155px;top:39.4px;">entries </div><div id="a195581" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.568px;top:27.6px;">UBS AG </div><div id="a195583" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:627.355px;top:39.4px;">(consolidated) </div><div id="a195585" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:39.4px;">For the year ended<div style="display:inline-block;width:3.9px"> </div>31 December 2022 </div><div id="a195593" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:68.3px;">Comprehensive income attributable to shareholders </div><div id="a195600" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:84.4px;">Net profit / (loss) </div><div id="a195602_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.462px;top:84.4px;">7,270</div><div id="a195605_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:84.4px;">2,928</div><div id="a195608_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:486.328px;top:84.4px;">2,477</div><div id="a195611_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:84.4px;display:flex;">(5,592)</div><div id="a195614_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:84.4px;">7,084</div><div id="a195623" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:112.3px;">Other comprehensive income </div><div id="a195630" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:127.4px;">Other comprehensive income that<div style="display:inline-block;width:3.87px"> </div>may be reclassified to the income </div><div id="a195632" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:139.3px;">statement </div><div id="a195639" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:155.3px;">Foreign currency translation, net<div style="display:inline-block;width:3.86px"> </div>of tax </div><div id="a195641_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:318.822px;top:155.3px;display:flex;">(114)</div><div id="a195644_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:404.008px;top:155.3px;display:flex;">(197)</div><div id="a195647_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:488.688px;top:155.3px;display:flex;">(506)</div><div id="a195650_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.608px;top:155.3px;">298</div><div id="a195653_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.062px;top:155.3px;display:flex;">(519)</div><div id="a195656" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:170px;">Financial assets measured at fair value through<div style="display:inline-block;width:4.15px"> </div>other comprehensive </div><div id="a195657" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:181.4px;">income, net of tax</div><div id="a195658" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:68.972px;top:182px;">3</div><div id="a195660_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:328.755px;top:181.4px;display:flex;">(3)</div><div id="a195663_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.675px;top:181.4px;">0</div><div id="a195666_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:503.382px;top:181.4px;">9</div><div id="a195669_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:181.4px;">0</div><div id="a195672_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:181.4px;">6</div><div id="a195675" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:196px;">Cash flow hedges, net of tax </div><div id="a195678_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:197.9px;display:flex;">(2,791)</div><div id="a195681_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.915px;top:197.9px;display:flex;">(1,359)</div><div id="a195684_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:488.688px;top:197.9px;display:flex;">(631)</div><div id="a195687_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:579.075px;top:197.9px;display:flex;">(12)</div><div id="a195690_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:197.9px;display:flex;">(4,793)</div><div id="a195693" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:212.6px;">Cost of hedging, net of tax </div><div id="a195695_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:328.755px;top:212.6px;">45</div><div id="a195701_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:212.6px;">45</div><div id="a195704" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:227.3px;">Total other comprehensive<div style="display:inline-block;width:3.77px"> </div>income that may be reclassified to<div style="display:inline-block;width:3.8px"> </div>the </div><div id="a195705" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:239.1px;">income statement, net of tax </div><div id="a195707_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:239.1px;display:flex;">(2,863)</div><div id="a195710_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.915px;top:239.1px;display:flex;">(1,555)</div><div id="a195713_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:239.1px;display:flex;">(1,128)</div><div id="a195716_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.608px;top:239.1px;">286</div><div id="a195719_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:239.1px;display:flex;">(5,260)</div><div id="a195728" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:264.2px;">Other comprehensive income that will not<div style="display:inline-block;width:3.89px"> </div>be reclassified to the </div><div id="a195730" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:275.5px;">income statement </div><div id="a195737" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:290.7px;">Defined benefit plans, net of tax </div><div id="a195739_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:323.555px;top:290.7px;">170</div><div id="a195742_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:404.008px;top:290.7px;display:flex;">(112)</div><div id="a195745_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:498.648px;top:290.7px;">23</div><div id="a195748_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:290.7px;">0</div><div id="a195751_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:290.7px;">81</div><div id="a195754" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:307.2px;">Own credit on financial liabilities designated at fair value,<div style="display:inline-block;width:4.37px"> </div>net of tax </div><div id="a195756_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:323.555px;top:308.6px;">796</div><div id="a195762_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:308.6px;">796</div><div id="a195765" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:321.9px;">Total other comprehensive<div style="display:inline-block;width:3.77px"> </div>income that will not be reclassified to the </div><div id="a195767" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:333.7px;">income statement, net of tax </div><div id="a195769_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:323.555px;top:334.2px;">966</div><div id="a195772_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:404.008px;top:334.2px;display:flex;">(112)</div><div id="a195775_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:498.648px;top:334.2px;">23</div><div id="a195778_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:334.2px;">0</div><div id="a195781_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:334.2px;">877</div><div id="a195790" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:359.7px;">Total other comprehensive<div style="display:inline-block;width:3.77px"> </div>income </div><div id="a195792_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:359.7px;display:flex;">(1,897)</div><div id="a195795_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.915px;top:359.7px;display:flex;">(1,667)</div><div id="a195798_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:359.7px;display:flex;">(1,104)</div><div id="a195801_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.608px;top:359.7px;">286</div><div id="a195804_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:359.7px;display:flex;">(4,383)</div><div id="a195807" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:376.7px;">Total comprehensive<div style="display:inline-block;width:3.8px"> </div>income attributable to shareholders </div><div id="a195810_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.462px;top:376.7px;">5,373</div><div id="a195813_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:376.7px;">1,261</div><div id="a195816_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:486.328px;top:376.7px;">1,373</div><div id="a195819_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:376.7px;display:flex;">(5,306)</div><div id="a195822_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:376.7px;">2,701</div><div id="a195831" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:407px;">Total comprehensive income attributable to<div style="display:inline-block;width:3.73px"> </div>non-controlling interests </div><div id="a195837_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:498.648px;top:407px;">18</div><div id="a195841_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:407px;">18</div><div id="a195844" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:421.2px;">Total comprehensive<div style="display:inline-block;width:3.8px"> </div>income </div><div id="a195846_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.462px;top:421.2px;">5,373</div><div id="a195849_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:421.2px;">1,261</div><div id="a195852_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:486.328px;top:421.2px;">1,391</div><div id="a195855_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:421.2px;display:flex;">(5,306)</div><div id="a195858_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:421.2px;">2,719</div><div id="a195861" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:436.3px;">1 Amounts presented<div style="display:inline-block;width:3.63px"> </div>for UBS AG<div style="display:inline-block;width:3.78px"> </div>standalone and<div style="display:inline-block;width:3.79px"> </div>UBS Switzerland<div style="display:inline-block;width:3.44px"> </div>AG standalone<div style="display:inline-block;width:3.46px"> </div>represent IFRS<div style="display:inline-block;width:3.63px"> </div>standalone information.<div style="display:inline-block;width:3.61px"> </div>Refer to the<div style="display:inline-block;width:3.79px"> </div>UBS AG standalone<div style="display:inline-block;width:4.25px"> </div>and UBS Switzerland<div style="display:inline-block;width:3.8px"> </div>AG standalone<div style="display:inline-block;width:3.72px"> </div>financial statements </div><div id="a195864" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:446.2px;">under “Complementary<div style="display:inline-block;width:3.94px"> </div>financial information”<div style="display:inline-block;width:4.89px"> </div>at ubs.com/investors<div style="display:inline-block;width:4.39px"> </div>for information<div style="display:inline-block;width:4.71px"> </div>prepared in<div style="display:inline-block;width:3.48px"> </div>accordance<div style="display:inline-block;width:3.48px"> </div>with Swiss<div style="display:inline-block;width:4.16px"> </div>GAAP.<div style="display:inline-block;width:11.8px"> </div>2 The<div style="display:inline-block;width:4.28px"> </div>”Other subsidiaries“<div style="display:inline-block;width:4.27px"> </div>column includes<div style="display:inline-block;width:4.24px"> </div>consolidated information<div style="display:inline-block;width:4.38px"> </div>for the<div style="display:inline-block;width:4.1px"> </div>UBS </div><div id="a195866" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:456.6px;">Americas Holding<div style="display:inline-block;width:3.92px"> </div>LLC, UBS<div style="display:inline-block;width:3.54px"> </div>Europe SE<div style="display:inline-block;width:3.48px"> </div>and UBS<div style="display:inline-block;width:3.79px"> </div>Asset Management<div style="display:inline-block;width:3.95px"> </div>AG significant<div style="display:inline-block;width:4.57px"> </div>sub-groups, as<div style="display:inline-block;width:3.63px"> </div>well as<div style="display:inline-block;width:4.1px"> </div>standalone information<div style="display:inline-block;width:4.24px"> </div>for other<div style="display:inline-block;width:3.46px"> </div>subsidiaries.<div style="display:inline-block;width:11.19px"> </div>3 Effective<div style="display:inline-block;width:4.44px"> </div>1 April 2022,<div style="display:inline-block;width:4.32px"> </div>a portfolio<div style="display:inline-block;width:3.92px"> </div>of assets previously </div><div id="a195872" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:466.5px;">classified as Financial assets<div style="display:inline-block;width:3.49px"> </div>measured at fair value through<div style="display:inline-block;width:4.11px"> </div>other comprehensive income was<div style="display:inline-block;width:3.6px"> </div>reclassified to Other financial<div style="display:inline-block;width:4.2px"> </div>assets measured at amortized<div style="display:inline-block;width:4.11px"> </div>cost. Refer to Note 1b for<div style="display:inline-block;width:3.64px"> </div>more information.</div></div></div></div><div id="TextBlockContainer1777" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:817px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a195914" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Supplemental guarantor consolidated<div style="display:inline-block;width:4.55px"> </div>balance sheet </div><div id="a195916" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:19.5px;">USD m </div><div id="a195918" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:27.6px;">UBS AG </div><div id="a195920" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:289.982px;top:39.4px;">(standalone)</div><div id="a195921" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:335.382px;top:40.1px;">1</div><div id="a195923" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.262px;top:16.2px;">UBS </div><div id="a195925" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:367.568px;top:27.6px;">Switzerland AG </div><div id="a195927" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:375.128px;top:39.4px;">(standalone)</div><div id="a195928" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:420.568px;top:40.1px;">1</div><div id="a195930" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:487.275px;top:27.6px;">Other<div style="display:inline-block;width:2.49px"> </div></div><div id="a195932" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.155px;top:39.4px;">subsidiaries</div><div id="a195933" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:505.275px;top:40.1px;">2</div><div id="a195935" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:552.595px;top:27.6px;">Elimination </div><div id="a195937" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:569.155px;top:39.4px;">entries </div><div id="a195939" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.568px;top:27.6px;">UBS AG </div><div id="a195941" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:627.355px;top:39.4px;">(consolidated) </div><div id="a195943" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:39.4px;">As of 31 December 2022 </div><div id="a195945" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:53.6px;">Assets </div><div id="a195952" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:69.7px;">Cash and balances at central banks </div><div id="a195954_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:69.7px;">48,689</div><div id="a195957_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.915px;top:69.7px;">84,465</div><div id="a195960_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:69.7px;">36,291</div><div id="a195963_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:69.7px;">0</div><div id="a195966_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:69.7px;">169,445</div><div id="a195969" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:86.3px;">Loans and advances to banks </div><div id="a195971_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:86.3px;">39,691</div><div id="a195974_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:86.3px;">6,357</div><div id="a195977_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:86.3px;">19,063</div><div id="a195980_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:86.3px;display:flex;">(50,441)</div><div id="a195983_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:86.3px;">14,671</div><div id="a195986" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:100.9px;">Receivables from securities financing transactions<div style="display:inline-block;width:4.08px"> </div>measured at </div><div id="a195988" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:112.8px;">amortized cost </div><div id="a195990_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:106.6px;">51,493</div><div id="a195993_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.742px;top:106.6px;">903</div><div id="a195996_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:106.6px;">34,110</div><div id="a195999_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:106.6px;display:flex;">(18,691)</div><div id="a196002_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:106.6px;">67,814</div><div id="a196005" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:127.4px;">Cash collateral receivables on derivative<div style="display:inline-block;width:3.86px"> </div>instruments </div><div id="a196007_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:127.4px;">35,594</div><div id="a196010_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:127.4px;">1,221</div><div id="a196013_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:127.4px;">10,074</div><div id="a196016_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:127.4px;display:flex;">(11,856)</div><div id="a196019_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:127.4px;">35,033</div><div id="a196022" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:143.5px;">Loans and advances to customers </div><div id="a196024_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:143.5px;">90,168</div><div id="a196027_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.182px;top:143.5px;">229,861</div><div id="a196030_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.875px;top:143.5px;">101,231</div><div id="a196033_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:143.5px;display:flex;">(31,233)</div><div id="a196036_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:143.5px;">390,027</div><div id="a196039" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:160.1px;">Other financial assets measured at amortized cost </div><div id="a196041_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:160.1px;">24,005</div><div id="a196044_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:160.1px;">9,532</div><div id="a196047_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:160.1px;">21,880</div><div id="a196050_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:160.1px;display:flex;">(2,029)</div><div id="a196053_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:160.1px;">53,389</div><div id="a196056" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:175.2px;">Total financial assets<div style="display:inline-block;width:3.87px"> </div>measured at amortized cost </div><div id="a196058_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.995px;top:175.2px;">289,641</div><div id="a196061_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.182px;top:175.2px;">332,339</div><div id="a196064_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.875px;top:175.2px;">222,649</div><div id="a196067_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:557.328px;top:175.2px;display:flex;">(114,250)</div><div id="a196070_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:175.2px;">730,379</div><div id="a196073" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:190.4px;">Financial assets at fair value held for trading </div><div id="a196075_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:190.4px;">95,810</div><div id="a196078_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.742px;top:190.4px;">173</div><div id="a196081_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:190.4px;">13,899</div><div id="a196084_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:190.4px;display:flex;">(1,848)</div><div id="a196087_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:190.4px;">108,034</div><div id="a196090" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.664px;top:205px;">of which: assets pledged as collateral that may be </div><div id="a196092" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.664px;top:216.8px;">sold or repledged by counterparties </div><div id="a196094_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:311.728px;top:216.8px;">41,056</div><div id="a196097_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:418.675px;top:216.8px;">0</div><div id="a196100_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:486.328px;top:216.8px;">5,578</div><div id="a196103_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:566.782px;top:216.8px;display:flex;">(9,892)</div><div id="a196106_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:216.8px;">36,742</div><div id="a196109" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:231.5px;">Derivative financial instruments </div><div id="a196111_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.995px;top:231.5px;">149,447</div><div id="a196114_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:231.5px;">5,925</div><div id="a196117_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:231.5px;">35,106</div><div id="a196120_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:231.5px;display:flex;">(40,368)</div><div id="a196123_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:231.5px;">150,109</div><div id="a196126" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:247.6px;">Brokerage receivables </div><div id="a196128_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.462px;top:247.6px;">9,763</div><div id="a196131_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.675px;top:247.6px;">0</div><div id="a196134_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:486.328px;top:247.6px;">7,814</div><div id="a196137_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:247.6px;">0</div><div id="a196140_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:247.6px;">17,576</div><div id="a196143" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:264.2px;">Financial assets at fair value not held for trading </div><div id="a196145_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:264.2px;">45,302</div><div id="a196148_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:264.2px;">4,354</div><div id="a196151_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:264.2px;">26,843</div><div id="a196154_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:264.2px;display:flex;">(17,091)</div><div id="a196157_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:264.2px;">59,408</div><div id="a196160" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:280.2px;">Total financial assets<div style="display:inline-block;width:3.87px"> </div>measured at fair value through profit or<div style="display:inline-block;width:3.73px"> </div>loss </div><div id="a196162_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.995px;top:280.2px;">300,321</div><div id="a196165_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.915px;top:280.2px;">10,453</div><div id="a196168_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:280.2px;">83,661</div><div id="a196171_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:280.2px;display:flex;">(59,308)</div><div id="a196174_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:280.2px;">335,127</div><div id="a196177" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:294.9px;">Financial assets measured at<div style="display:inline-block;width:3.79px"> </div>fair value<div style="display:inline-block;width:2.45px"> </div></div><div id="a196179" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:306.3px;">through other comprehensive income </div><div id="a196181_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.462px;top:306.3px;">1,953</div><div id="a196184_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.675px;top:306.3px;">0</div><div id="a196187_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:493.422px;top:306.3px;">286</div><div id="a196190_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:306.3px;">0</div><div id="a196193_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:306.3px;">2,239</div><div id="a196196" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:320.4px;">Investments in subsidiaries and associates </div><div id="a196198_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:320.4px;">54,323</div><div id="a196201_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.942px;top:320.4px;">33</div><div id="a196204_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:503.382px;top:320.4px;">0</div><div id="a196207_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:320.4px;display:flex;">(53,255)</div><div id="a196210_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:320.4px;">1,101</div><div id="a196213" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:336.5px;">Property, equipment<div style="display:inline-block;width:3.88px"> </div>and software </div><div id="a196215_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.462px;top:336.5px;">5,852</div><div id="a196218_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:336.5px;">1,654</div><div id="a196221_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:486.328px;top:336.5px;">4,077</div><div id="a196224_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.875px;top:336.5px;display:flex;">(267)</div><div id="a196227_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:336.5px;">11,316</div><div id="a196230" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:353.1px;">Goodwill and intangible assets </div><div id="a196232_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:323.555px;top:353.1px;">213</div><div id="a196235_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.675px;top:353.1px;">0</div><div id="a196238_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:486.328px;top:353.1px;">6,050</div><div id="a196241_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:353.1px;">5</div><div id="a196244_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:353.1px;">6,267</div><div id="a196247" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:369.2px;">Deferred tax assets </div><div id="a196249_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.462px;top:369.2px;">1,624</div><div id="a196252_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.742px;top:369.2px;">276</div><div id="a196255_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:486.328px;top:369.2px;">7,470</div><div id="a196258_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:579.075px;top:369.2px;display:flex;">(16)</div><div id="a196261_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:369.2px;">9,354</div><div id="a196264" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:385.7px;">Other non-financial assets </div><div id="a196268_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.462px;top:385.7px;">6,930</div><div id="a196271_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:385.7px;">1,768</div><div id="a196274_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:493.422px;top:385.7px;">951</div><div id="a196277_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:385.7px;">4</div><div id="a196280_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:385.7px;">9,652</div><div id="a196283" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:401.3px;">Total assets </div><div id="a196285_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.995px;top:401.3px;">660,856</div><div id="a196288_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.182px;top:401.3px;">346,522</div><div id="a196291_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.875px;top:401.3px;">325,144</div><div id="a196294_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:557.328px;top:401.3px;display:flex;">(227,087)</div><div id="a196297_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:640.115px;top:401.3px;">1,105,436</div><div id="a196300" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:417.9px;">Liabilities </div><div id="a196307" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:434px;">Amounts due to banks<div style="display:inline-block;width:3.11px"> </div></div><div id="a196309_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:434px;">41,395</div><div id="a196312_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.915px;top:434px;">37,123</div><div id="a196315_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:434px;">51,555</div><div id="a196318_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:557.328px;top:434px;display:flex;">(118,477)</div><div id="a196321_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:434px;">11,596</div><div id="a196324" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:448.7px;">Payables from securities financing<div style="display:inline-block;width:3.7px"> </div>transactions measured at </div><div id="a196325" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:460.5px;">amortized cost </div><div id="a196327_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.462px;top:454.8px;">9,425</div><div id="a196330_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.742px;top:454.8px;">247</div><div id="a196333_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:454.8px;">13,303</div><div id="a196336_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:454.8px;display:flex;">(18,774)</div><div id="a196339_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:454.8px;">4,202</div><div id="a196342" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:475.1px;">Cash collateral payables on derivative instruments </div><div id="a196345_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:475.1px;">35,528</div><div id="a196348_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:475.1px;">1,518</div><div id="a196351_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:475.1px;">11,191</div><div id="a196354_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:475.1px;display:flex;">(11,800)</div><div id="a196357_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:475.1px;">36,436</div><div id="a196360" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:491.7px;">Customer deposits </div><div id="a196362_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:491.7px;">98,628</div><div id="a196365_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.182px;top:491.7px;">273,316</div><div id="a196368_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.875px;top:491.7px;">132,619</div><div id="a196371_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:491.7px;">22,608</div><div id="a196374_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:491.7px;">527,171</div><div id="a196377" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:507.8px;">Funding from UBS Group AG<div style="display:inline-block;width:3.57px"> </div></div><div id="a196379_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:507.8px;">56,147</div><div id="a196382_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.675px;top:507.8px;">0</div><div id="a196386_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:507.8px;">0</div><div id="a196389_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:507.8px;">56,147</div><div id="a196392" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:524.4px;">Debt issued measured at amortized cost </div><div id="a196394_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:524.4px;">50,706</div><div id="a196397_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:524.4px;">8,965</div><div id="a196400_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:503.382px;top:524.4px;">1</div><div id="a196403_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.875px;top:524.4px;display:flex;">(173)</div><div id="a196406_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:524.4px;">59,499</div><div id="a196409" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:540.4px;">Other financial liabilities measured at amortized cost </div><div id="a196412_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.462px;top:540.4px;">4,903</div><div id="a196415_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:540.4px;">2,221</div><div id="a196418_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:486.328px;top:540.4px;">5,554</div><div id="a196421_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:540.4px;display:flex;">(2,287)</div><div id="a196424_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:540.4px;">10,391</div><div id="a196427" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:555.6px;">Total financial liabilities measured<div style="display:inline-block;width:3.9px"> </div>at amortized cost </div><div id="a196429_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.995px;top:555.6px;">296,733</div><div id="a196432_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.182px;top:555.6px;">323,391</div><div id="a196435_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.875px;top:555.6px;">214,222</div><div id="a196438_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:557.328px;top:555.6px;display:flex;">(128,903)</div><div id="a196441_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:555.6px;">705,442</div><div id="a196444" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:570.7px;">Financial liabilities at fair value held for trading </div><div id="a196446_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:570.7px;">25,059</div><div id="a196449_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.742px;top:570.7px;">183</div><div id="a196452_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:486.328px;top:570.7px;">5,843</div><div id="a196455_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:570.7px;display:flex;">(1,570)</div><div id="a196458_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:570.7px;">29,515</div><div id="a196461" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:587.3px;">Derivative financial instruments </div><div id="a196463_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.995px;top:587.3px;">153,778</div><div id="a196466_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:587.3px;">6,177</div><div id="a196469_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:587.3px;">35,314</div><div id="a196472_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:587.3px;display:flex;">(40,363)</div><div id="a196475_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:587.3px;">154,906</div><div id="a196478" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:603.4px;">Brokerage payables designated at<div style="display:inline-block;width:4.03px"> </div>fair value </div><div id="a196480_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:603.4px;">32,346</div><div id="a196483_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.675px;top:603.4px;">0</div><div id="a196486_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:603.4px;">12,746</div><div id="a196489_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.808px;top:603.4px;display:flex;">(7)</div><div id="a196492_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:603.4px;">45,085</div><div id="a196495" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:620.4px;">Debt issued designated at fair value </div><div id="a196497_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:620.4px;">71,444</div><div id="a196500_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.675px;top:620.4px;">0</div><div id="a196503_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:493.422px;top:620.4px;">508</div><div id="a196506_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.875px;top:620.4px;display:flex;">(110)</div><div id="a196509_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:620.4px;">71,842</div><div id="a196512" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:637.4px;">Other financial liabilities designated at fair value </div><div id="a196514_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:637.4px;">17,888</div><div id="a196517_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.675px;top:637.4px;">0</div><div id="a196520_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:637.4px;">17,074</div><div id="a196523_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:637.4px;display:flex;">(2,928)</div><div id="a196526_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:637.4px;">32,033</div><div id="a196529" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:653.5px;">Total financial liabilities measured<div style="display:inline-block;width:3.9px"> </div>at fair value through profit or<div style="display:inline-block;width:3.84px"> </div>loss </div><div id="a196531_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.995px;top:653.5px;">300,514</div><div id="a196534_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:653.5px;">6,360</div><div id="a196537_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:653.5px;">71,484</div><div id="a196540_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:653.5px;display:flex;">(44,977)</div><div id="a196543_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:653.5px;">333,382</div><div id="a196546" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:669.6px;">Provisions </div><div id="a196548_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.462px;top:669.6px;">1,904</div><div id="a196551_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.742px;top:669.6px;">239</div><div id="a196554_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:486.328px;top:669.6px;">1,041</div><div id="a196557_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.808px;top:669.6px;display:flex;">(2)</div><div id="a196560_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:669.6px;">3,183</div><div id="a196563" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:685.7px;">Other non-financial liabilities </div><div id="a196567_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.462px;top:685.7px;">1,630</div><div id="a196570_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:685.7px;">1,019</div><div id="a196573_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:486.328px;top:685.7px;">3,742</div><div id="a196576_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.808px;top:685.7px;">98</div><div id="a196579_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:685.7px;">6,489</div><div id="a196582" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:701.8px;">Total liabilities </div><div id="a196584_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.995px;top:701.8px;">600,782</div><div id="a196587_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.182px;top:701.8px;">331,009</div><div id="a196590_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.875px;top:701.8px;">290,490</div><div id="a196593_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:557.328px;top:701.8px;display:flex;">(173,785)</div><div id="a196596_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:640.115px;top:701.8px;">1,048,496</div><div id="a196605" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:725.4px;">Equity attributable to shareholders </div><div id="a196607_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:725.4px;">60,075</div><div id="a196610_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.915px;top:725.4px;">15,513</div><div id="a196613_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:725.4px;">34,313</div><div id="a196616_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:725.4px;display:flex;">(53,303)</div><div id="a196619_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:725.4px;">56,598</div><div id="a196622" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:740.6px;">Equity attributable to non-controlling<div style="display:inline-block;width:3.71px"> </div>interests </div><div id="a196629_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:493.422px;top:740.6px;">342</div><div id="a196632_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:740.6px;">0</div><div id="a196635_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:740.6px;">342</div><div id="a196638" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:756.2px;">Total equity </div><div id="a196640_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:756.2px;">60,075</div><div id="a196643_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.915px;top:756.2px;">15,513</div><div id="a196646_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:756.2px;">34,655</div><div id="a196649_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:756.2px;display:flex;">(53,303)</div><div id="a196652_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:756.2px;">56,940</div><div id="a196655" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:772.7px;">Total liabilities and<div style="display:inline-block;width:3.75px"> </div>equity </div><div id="a196657_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.995px;top:772.7px;">660,856</div><div id="a196660_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.182px;top:772.7px;">346,522</div><div id="a196663_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.875px;top:772.7px;">325,144</div><div id="a196666_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:557.328px;top:772.7px;display:flex;">(227,087)</div><div id="a196669_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:640.115px;top:772.7px;">1,105,436</div><div id="a196672" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:787.7px;">1 Amounts presented for<div style="display:inline-block;width:3.94px"> </div>UBS AG standalone<div style="display:inline-block;width:3.78px"> </div>and UBS Switzerland<div style="display:inline-block;width:3.96px"> </div>AG standalone<div style="display:inline-block;width:3.46px"> </div>represent IFRS<div style="display:inline-block;width:3.64px"> </div>standalone information.<div style="display:inline-block;width:3.61px"> </div>Refer to the UBS<div style="display:inline-block;width:3.64px"> </div>AG standalone<div style="display:inline-block;width:3.46px"> </div>and UBS Switzerland<div style="display:inline-block;width:3.8px"> </div>AG standalone<div style="display:inline-block;width:3.72px"> </div>financial statements, </div><div id="a196675" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:798.2px;">available under “Complementary<div style="display:inline-block;width:3.47px"> </div>financial information”<div style="display:inline-block;width:3.47px"> </div>at ubs.com/investors,<div style="display:inline-block;width:3.61px"> </div>for information prepared<div style="display:inline-block;width:3.46px"> </div>in accordance with Swiss<div style="display:inline-block;width:3.55px"> </div>GAAP.<div style="display:inline-block;width:9.91px"> </div>2 The ”Other subsidiaries“<div style="display:inline-block;width:3.66px"> </div>column includes consolidated<div style="display:inline-block;width:3.76px"> </div>information for the </div><div id="a196677" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:808.1px;">UBS Americas Holding LLC,<div style="display:inline-block;width:3.93px"> </div>UBS Europe SE and UBS Asset<div style="display:inline-block;width:3.81px"> </div>Management AG significant<div style="display:inline-block;width:3.48px"> </div>sub-groups, as well<div style="display:inline-block;width:3.83px"> </div>as standalone information<div style="display:inline-block;width:3.46px"> </div>for other subsidiaries.</div></div><div id="TextBlockContainer1784" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:685px;height:429px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1782_XBRL_TS_f2c76ba2f0154bc484ba9dc3cee4f755" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1783" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:685px;height:429px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a197167" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Supplemental guarantor consolidated<div style="display:inline-block;width:4.55px"> </div>income statement </div><div id="a197170" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:19.5px;">USD m </div><div id="a197172" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:339.662px;top:27.6px;">UBS AG </div><div id="a197174" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:320.248px;top:39.4px;">(standalone)</div><div id="a197175" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:365.195px;top:40.1px;">1</div><div id="a197177" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:433.328px;top:16.2px;">UBS </div><div id="a197179" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.662px;top:27.6px;">Switzerland AG </div><div id="a197181" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:400.222px;top:39.4px;">(standalone)</div><div id="a197182" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:445.182px;top:40.1px;">1</div><div id="a197184" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:507.635px;top:27.6px;">Other<div style="display:inline-block;width:2.46px"> </div></div><div id="a197186" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:483.488px;top:39.4px;">subsidiaries</div><div id="a197187" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:525.142px;top:40.1px;">2</div><div id="a197189" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.582px;top:27.6px;">Elimination </div><div id="a197191" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:578.128px;top:39.4px;">entries </div><div id="a197193" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:648.635px;top:27.6px;">UBS AG </div><div id="a197195" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:626.408px;top:39.4px;">(consolidated) </div><div id="a197197" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:39.4px;">For the year ended<div style="display:inline-block;width:3.9px"> </div>31 December 2021 </div><div id="a197199" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:51.7px;">Interest income from financial instruments measured<div style="display:inline-block;width:3.76px"> </div>at amortized cost and </div><div id="a197200" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:63.6px;">fair value through other comprehensive<div style="display:inline-block;width:3.81px"> </div>income </div><div id="a197202_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:63.6px;">3,130</div><div id="a197205_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:63.6px;">3,652</div><div id="a197208_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.688px;top:63.6px;">2,456</div><div id="a197211_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.862px;top:63.6px;display:flex;">(703)</div><div id="a197214_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.755px;top:63.6px;">8,534</div><div id="a197217" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:78.2px;">Interest expense from financial instruments measured<div style="display:inline-block;width:3.83px"> </div>at amortized cost </div><div id="a197220_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:341.555px;top:78.2px;display:flex;">(2,847)</div><div id="a197223_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:429.075px;top:78.2px;display:flex;">(520)</div><div id="a197226_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.488px;top:78.2px;display:flex;">(1,024)</div><div id="a197229_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:580.502px;top:78.2px;">1,025</div><div id="a197232_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:650.515px;top:78.2px;display:flex;">(3,366)</div><div id="a197235" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:92.9px;">Net interest income from financial instruments measured<div style="display:inline-block;width:3.83px"> </div>at fair value through </div><div id="a197236" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:104.7px;">profit or loss and other </div><div id="a197238_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:104.7px;">1,229</div><div id="a197241_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:433.808px;top:104.7px;">254</div><div id="a197244_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.782px;top:104.7px;">228</div><div id="a197247_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.862px;top:104.7px;display:flex;">(274)</div><div id="a197250_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.755px;top:104.7px;">1,437</div><div id="a197253" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:118.5px;">Net interest income </div><div id="a197255_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:118.5px;">1,512</div><div id="a197258_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:118.5px;">3,386</div><div id="a197261_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.688px;top:118.5px;">1,660</div><div id="a197264_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:592.795px;top:118.5px;">48</div><div id="a197267_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.755px;top:118.5px;">6,605</div><div id="a197270" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:132.6px;">Other net income from financial instruments measured<div style="display:inline-block;width:3.73px"> </div>at fair value through </div><div id="a197271" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:144.5px;">profit or loss </div><div id="a197273_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:144.5px;">3,751</div><div id="a197276_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:433.808px;top:144.5px;">807</div><div id="a197279_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.688px;top:144.5px;">1,369</div><div id="a197282_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:587.595px;top:144.5px;display:flex;">(83)</div><div id="a197285_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.755px;top:144.5px;">5,844</div><div id="a197288" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:159.1px;">Fee and commission income </div><div id="a197290_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:159.1px;">3,837</div><div id="a197293_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:159.1px;">5,204</div><div id="a197296_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.968px;top:159.1px;">16,151</div><div id="a197299_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.862px;top:159.1px;display:flex;">(770)</div><div id="a197302_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:650.995px;top:159.1px;">24,422</div><div id="a197305" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:175.2px;">Fee and commission expense </div><div id="a197307_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:349.128px;top:175.2px;display:flex;">(810)</div><div id="a197310_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:429.075px;top:175.2px;display:flex;">(481)</div><div id="a197313_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.488px;top:175.2px;display:flex;">(1,450)</div><div id="a197316_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:587.595px;top:175.2px;">755</div><div id="a197319_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:650.515px;top:175.2px;display:flex;">(1,985)</div><div id="a197322" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:190.8px;">Net fee and commission income </div><div id="a197324_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:190.8px;">3,027</div><div id="a197327_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:190.8px;">4,723</div><div id="a197330_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.968px;top:190.8px;">14,702</div><div id="a197333_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:587.595px;top:190.8px;display:flex;">(14)</div><div id="a197336_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:650.995px;top:190.8px;">22,438</div><div id="a197339" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:207.4px;">Other income </div><div id="a197341_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:207.4px;">7,555</div><div id="a197344_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:433.808px;top:207.4px;">221</div><div id="a197347_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.688px;top:207.4px;">1,560</div><div id="a197350_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:575.302px;top:207.4px;display:flex;">(8,396)</div><div id="a197353_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:662.848px;top:207.4px;">941</div><div id="a197356" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:223px;">Total revenues </div><div id="a197358_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:342.022px;top:223px;">15,845</div><div id="a197361_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:223px;">9,137</div><div id="a197364_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.968px;top:223px;">19,291</div><div id="a197367_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:575.302px;top:223px;display:flex;">(8,445)</div><div id="a197370_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:650.995px;top:223px;">35,828</div><div id="a197373" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:239.5px;">Credit loss expense / (release) </div><div id="a197375_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:353.848px;top:239.5px;display:flex;">(65)</div><div id="a197378_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:433.808px;top:239.5px;display:flex;">(98)</div><div id="a197381_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.782px;top:239.5px;display:flex;">(10)</div><div id="a197384_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:592.795px;top:239.5px;">24</div><div id="a197387_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:658.115px;top:239.5px;display:flex;">(148)</div><div id="a197390" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:255.6px;">Personnel expenses </div><div id="a197392_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:255.6px;">3,401</div><div id="a197395_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:255.6px;">2,098</div><div id="a197398_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.968px;top:255.6px;">10,161</div><div id="a197401_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:597.528px;top:255.6px;">1</div><div id="a197404_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:650.995px;top:255.6px;">15,661</div><div id="a197407" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:272.2px;">General and administrative expenses </div><div id="a197409_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:272.2px;">4,255</div><div id="a197412_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:272.2px;">3,442</div><div id="a197415_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.688px;top:272.2px;">4,474</div><div id="a197418_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:575.302px;top:272.2px;display:flex;">(2,696)</div><div id="a197421_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.755px;top:272.2px;">9,476</div><div id="a197424" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:288.3px;">Depreciation, amortization and impairment of non<div style="display:inline-block;width:1.5px"> </div>-financial assets </div><div id="a197428_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:353.848px;top:288.3px;">949</div><div id="a197431_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:433.808px;top:288.3px;">285</div><div id="a197434_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.782px;top:288.3px;">755</div><div id="a197437_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.862px;top:288.3px;display:flex;">(114)</div><div id="a197440_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.755px;top:288.3px;">1,875</div><div id="a197443" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:303.9px;">Operating expenses </div><div id="a197445_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:303.9px;">8,605</div><div id="a197448_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:303.9px;">5,825</div><div id="a197451_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.968px;top:303.9px;">15,390</div><div id="a197454_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:575.302px;top:303.9px;display:flex;">(2,809)</div><div id="a197457_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:650.995px;top:303.9px;">27,012</div><div id="a197460" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:320.4px;">Operating profit / (loss) before<div style="display:inline-block;width:3.73px"> </div>tax </div><div id="a197462_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:320.4px;">7,305</div><div id="a197465_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:320.4px;">3,409</div><div id="a197468_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.688px;top:320.4px;">3,910</div><div id="a197471_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:575.302px;top:320.4px;display:flex;">(5,660)</div><div id="a197474_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.755px;top:320.4px;">8,964</div><div id="a197477" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:336.5px;">Tax expense / (benefit) </div><div id="a197479_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:353.848px;top:336.5px;">203</div><div id="a197482_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:433.808px;top:336.5px;">622</div><div id="a197485_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.688px;top:336.5px;">1,090</div><div id="a197488_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:587.595px;top:336.5px;display:flex;">(11)</div><div id="a197491_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.755px;top:336.5px;">1,903</div><div id="a197494" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:352.6px;">Net profit / (loss) </div><div id="a197496_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:352.6px;">7,102</div><div id="a197499_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:352.6px;">2,788</div><div id="a197502_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.688px;top:352.6px;">2,820</div><div id="a197505_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:575.302px;top:352.6px;display:flex;">(5,649)</div><div id="a197508_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.755px;top:352.6px;">7,061</div><div id="a197511" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:368.7px;">Net profit / (loss) attributable to non-controlling<div style="display:inline-block;width:3.95px"> </div>interests </div><div id="a197516_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:363.782px;top:370.6px;">0</div><div id="a197519_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:443.768px;top:370.6px;">0</div><div id="a197522_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:518.995px;top:370.6px;">29</div><div id="a197525_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:597.528px;top:370.6px;">0</div><div id="a197528_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.048px;top:370.6px;">29</div><div id="a197531" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:384.3px;">Net profit / (loss) attributable to shareholders </div><div id="a197533_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:384.3px;">7,102</div><div id="a197536_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:384.3px;">2,788</div><div id="a197539_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.688px;top:384.3px;">2,792</div><div id="a197542_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:575.302px;top:384.3px;display:flex;">(5,649)</div><div id="a197545_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.755px;top:384.3px;">7,032</div><div id="a197548" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:399.8px;">1 Amounts presented<div style="display:inline-block;width:3.63px"> </div>for UBS AG<div style="display:inline-block;width:3.78px"> </div>standalone and UBS<div style="display:inline-block;width:3.64px"> </div>Switzerland AG<div style="display:inline-block;width:3.62px"> </div>standalone represent<div style="display:inline-block;width:3.63px"> </div>IFRS standalone<div style="display:inline-block;width:3.83px"> </div>information. Refer to<div style="display:inline-block;width:3.77px"> </div>the UBS AG<div style="display:inline-block;width:3.78px"> </div>standalone and UBS<div style="display:inline-block;width:3.64px"> </div>Switzerland AG<div style="display:inline-block;width:3.62px"> </div>standalone financial<div style="display:inline-block;width:3.64px"> </div>statements </div><div id="a197550" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:409.7px;">under “Complementary<div style="display:inline-block;width:3.94px"> </div>financial information”<div style="display:inline-block;width:4.42px"> </div>at ubs.com/investors<div style="display:inline-block;width:4.87px"> </div>for information<div style="display:inline-block;width:4.24px"> </div>prepared in<div style="display:inline-block;width:3.48px"> </div>accordance<div style="display:inline-block;width:3.48px"> </div>with Swiss<div style="display:inline-block;width:3.94px"> </div>GAAP.<div style="display:inline-block;width:11.8px"> </div>2 The<div style="display:inline-block;width:4.06px"> </div>”Other subsidiaries“<div style="display:inline-block;width:4.77px"> </div>column includes<div style="display:inline-block;width:3.77px"> </div>consolidated<div style="display:inline-block;width:3.45px"> </div>information<div style="display:inline-block;width:3.45px"> </div>for the<div style="display:inline-block;width:3.63px"> </div>UBS </div><div id="a197554" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:420.2px;">Americas Holding LLC,<div style="display:inline-block;width:3.61px"> </div>UBS Europe SE and UBS Asset<div style="display:inline-block;width:3.88px"> </div>Management AG significant<div style="display:inline-block;width:3.48px"> </div>sub-groups, as well<div style="display:inline-block;width:3.73px"> </div>as standalone information<div style="display:inline-block;width:3.46px"> </div>for other subsidiaries.</div></div></div></div><div id="TextBlockContainer1787" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:471px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a197561" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Supplemental guarantor consolidated<div style="display:inline-block;width:4.68px"> </div>statement of comprehensive income </div><div id="a197564" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:19.5px;">USD m </div><div id="a197566" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:309.368px;top:28.1px;">UBS AG </div><div id="a197568" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:289.982px;top:39.4px;">(standalone)</div><div id="a197569" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:334.902px;top:40.1px;">1</div><div id="a197571" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:408.262px;top:16.2px;">UBS </div><div id="a197573" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:367.568px;top:28.1px;">Switzerland AG </div><div id="a197575" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:375.128px;top:39.4px;">(standalone)</div><div id="a197576" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:420.088px;top:40.1px;">1</div><div id="a197578" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:487.275px;top:28.1px;">Other<div style="display:inline-block;width:2.49px"> </div></div><div id="a197580" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:463.155px;top:39.4px;">subsidiaries</div><div id="a197581" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:504.808px;top:40.1px;">2</div><div id="a197583" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:552.595px;top:28.1px;">Elimination </div><div id="a197585" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:569.155px;top:39.4px;">entries </div><div id="a197587" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:649.568px;top:28.1px;">UBS AG </div><div id="a197589" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:627.355px;top:39.4px;">(consolidated) </div><div id="a197591" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:39.4px;">For the year ended<div style="display:inline-block;width:3.9px"> </div>31 December 2021 </div><div id="a197599" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:65.5px;">Comprehensive income attributable to<div style="display:inline-block;width:3.75px"> </div>shareholders </div><div id="a197607" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:81.1px;">Net profit / (loss) </div><div id="a197609_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:316.462px;top:81.1px;">7,102</div><div id="a197612_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:401.648px;top:81.1px;">2,788</div><div id="a197615_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.328px;top:81.1px;">2,792</div><div id="a197618_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.315px;top:81.1px;display:flex;">(5,649)</div><div id="a197621_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:81.1px;">7,032</div><div id="a197630" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:109.4px;">Other comprehensive income </div><div id="a197637" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:123.2px;">Other comprehensive income that<div style="display:inline-block;width:3.78px"> </div>may be reclassified to the income </div><div id="a197638" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:135px;">statement </div><div id="a197645" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:149.7px;">Foreign currency translation, net<div style="display:inline-block;width:3.86px"> </div>of tax </div><div id="a197647_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:328.288px;top:149.7px;display:flex;">(1)</div><div id="a197650_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:404.008px;top:149.7px;display:flex;">(419)</div><div id="a197653_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:488.688px;top:149.7px;display:flex;">(607)</div><div id="a197656_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:578.608px;top:149.7px;">517</div><div id="a197659_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:659.062px;top:149.7px;display:flex;">(510)</div><div id="a197662" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:164.3px;">Financial assets measured at fair value through<div style="display:inline-block;width:4.15px"> </div>other comprehensive </div><div id="a197663" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:176.1px;">income, net of tax </div><div id="a197665_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:333.488px;top:176.1px;">0</div><div id="a197669_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:488.688px;top:176.1px;display:flex;">(157)</div><div id="a197672_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:588.542px;top:176.1px;">0</div><div id="a197675_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:659.062px;top:176.1px;display:flex;">(157)</div><div id="a197678" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:190.8px;">Cash flow hedges, net of tax </div><div id="a197680_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.262px;top:192.2px;display:flex;">(1,129)</div><div id="a197683_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:404.008px;top:192.2px;display:flex;">(279)</div><div id="a197686_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:488.688px;top:192.2px;display:flex;">(250)</div><div id="a197689_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:578.608px;top:192.2px;display:flex;">(17)</div><div id="a197692_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.462px;top:192.2px;display:flex;">(1,675)</div><div id="a197695" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:206.9px;">Cost of hedging, net of tax </div><div id="a197697_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:323.555px;top:206.9px;display:flex;">(26)</div><div id="a197703_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.795px;top:206.9px;display:flex;">(26)</div><div id="a197706" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:221.6px;">Total other comprehensive<div style="display:inline-block;width:3.77px"> </div>income that may be reclassified to<div style="display:inline-block;width:3.8px"> </div>the </div><div id="a197708" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:233.4px;">income statement, net of tax </div><div id="a197710_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.262px;top:233.4px;display:flex;">(1,155)</div><div id="a197713_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:404.008px;top:233.4px;display:flex;">(699)</div><div id="a197716_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.128px;top:233.4px;display:flex;">(1,014)</div><div id="a197719_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:578.608px;top:233.4px;">500</div><div id="a197722_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.462px;top:233.4px;display:flex;">(2,368)</div><div id="a197731" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:258.5px;">Other comprehensive income that will not<div style="display:inline-block;width:3.89px"> </div>be reclassified to the </div><div id="a197732" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:270.3px;">income statement </div><div id="a197739" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:285.5px;">Defined benefit plans, net of tax </div><div id="a197741_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:323.555px;top:285.5px;">170</div><div id="a197744_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:404.008px;top:285.5px;display:flex;">(135)</div><div id="a197747_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:498.648px;top:285.5px;">67</div><div id="a197750_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:588.542px;top:285.5px;">0</div><div id="a197753_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.795px;top:285.5px;">102</div><div id="a197756" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:301.5px;">Own credit on financial liabilities designated at fair value,<div style="display:inline-block;width:4.37px"> </div>net of tax </div><div id="a197758_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:328.755px;top:303.4px;">46</div><div id="a197764_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.995px;top:303.4px;">46</div><div id="a197773" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:328px;">Total other comprehensive<div style="display:inline-block;width:3.77px"> </div>income that will not be reclassified to the </div><div id="a197774" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:339.8px;">income statement, net of tax </div><div id="a197776_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:323.555px;top:340.3px;">217</div><div id="a197779_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:404.008px;top:340.3px;display:flex;">(135)</div><div id="a197782_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:498.648px;top:340.3px;">67</div><div id="a197785_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:588.542px;top:340.3px;">0</div><div id="a197788_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.795px;top:340.3px;">148</div><div id="a197797" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:366.3px;">Total other comprehensive<div style="display:inline-block;width:3.77px"> </div>income </div><div id="a197799_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:318.822px;top:366.3px;display:flex;">(939)</div><div id="a197802_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:404.008px;top:366.3px;display:flex;">(834)</div><div id="a197805_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:488.688px;top:366.3px;display:flex;">(947)</div><div id="a197808_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:578.608px;top:366.3px;">500</div><div id="a197811_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.462px;top:366.3px;display:flex;">(2,220)</div><div id="a197814" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:382.4px;">Total comprehensive<div style="display:inline-block;width:3.8px"> </div>income attributable to shareholders </div><div id="a197816_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:316.462px;top:382.4px;">6,163</div><div id="a197819_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:401.648px;top:382.4px;">1,954</div><div id="a197822_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.328px;top:382.4px;">1,845</div><div id="a197825_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.315px;top:382.4px;display:flex;">(5,149)</div><div id="a197828_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:382.4px;">4,813</div><div id="a197837" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:411.3px;">Total comprehensive income attributable to<div style="display:inline-block;width:3.73px"> </div>non-controlling interests </div><div id="a197843_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:498.648px;top:411.3px;">13</div><div id="a197847_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.995px;top:411.3px;">13</div><div id="a197850" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:426.9px;">Total comprehensive<div style="display:inline-block;width:3.8px"> </div>income </div><div id="a197852_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:316.462px;top:426.9px;">6,163</div><div id="a197855_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:401.648px;top:426.9px;">1,954</div><div id="a197858_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.328px;top:426.9px;">1,858</div><div id="a197861_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.315px;top:426.9px;display:flex;">(5,149)</div><div id="a197864_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:426.9px;">4,826</div><div id="a197867" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:442.4px;">1 Amounts presented<div style="display:inline-block;width:3.63px"> </div>for UBS AG<div style="display:inline-block;width:3.78px"> </div>standalone and<div style="display:inline-block;width:3.79px"> </div>UBS Switzerland AG<div style="display:inline-block;width:3.94px"> </div>standalone represent<div style="display:inline-block;width:3.63px"> </div>IFRS standalone<div style="display:inline-block;width:3.63px"> </div>information. Refer<div style="display:inline-block;width:3.62px"> </div>to the UBS<div style="display:inline-block;width:3.57px"> </div>AG standalone<div style="display:inline-block;width:3.93px"> </div>and UBS Switzerland<div style="display:inline-block;width:3.8px"> </div>AG standalone<div style="display:inline-block;width:3.58px"> </div>financial statements </div><div id="a197870" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:452.3px;">under “Complementary<div style="display:inline-block;width:3.94px"> </div>financial information”<div style="display:inline-block;width:4.89px"> </div>at ubs.com/investors<div style="display:inline-block;width:4.39px"> </div>for information<div style="display:inline-block;width:4.71px"> </div>prepared in<div style="display:inline-block;width:3.48px"> </div>accordance<div style="display:inline-block;width:3.48px"> </div>with Swiss<div style="display:inline-block;width:3.94px"> </div>GAAP.<div style="display:inline-block;width:11.8px"> </div>2 The<div style="display:inline-block;width:4.54px"> </div>”Other subsidiaries“<div style="display:inline-block;width:4.27px"> </div>column includes<div style="display:inline-block;width:4.24px"> </div>consolidated information<div style="display:inline-block;width:4.38px"> </div>for the<div style="display:inline-block;width:4.1px"> </div>UBS </div><div id="a197873" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:462.7px;">Americas Holding LLC,<div style="display:inline-block;width:3.61px"> </div>UBS Europe SE and UBS Asset<div style="display:inline-block;width:3.88px"> </div>Management AG significant<div style="display:inline-block;width:3.48px"> </div>sub-groups, as well<div style="display:inline-block;width:3.73px"> </div>as standalone information<div style="display:inline-block;width:3.46px"> </div>for other subsidiaries.</div></div><div id="TextBlockContainer1792" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:751px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1790_XBRL_TS_087117c6c43d4fbd93291e2c7cbd093f" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1791" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:751px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a197918" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Supplemental guarantor consolidated<div style="display:inline-block;width:4.61px"> </div>balance sheet </div><div id="a197921" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:19.5px;">USD m </div><div id="a197923" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:309.368px;top:27.6px;">UBS AG </div><div id="a197925" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:289.982px;top:39.4px;">(standalone)</div><div id="a197926" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:334.902px;top:40.1px;">1</div><div id="a197928" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:408.262px;top:16.2px;">UBS </div><div id="a197930" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:367.568px;top:27.6px;">Switzerland AG </div><div id="a197932" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:375.128px;top:39.4px;">(standalone)</div><div id="a197933" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:420.088px;top:40.1px;">1</div><div id="a197935" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:487.275px;top:27.6px;">Other<div style="display:inline-block;width:2.49px"> </div></div><div id="a197937" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:463.155px;top:39.4px;">subsidiaries</div><div id="a197938" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:504.808px;top:40.1px;">2</div><div id="a197940" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:552.595px;top:27.6px;">Elimination </div><div id="a197942" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:569.155px;top:39.4px;">entries </div><div id="a197944" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:649.568px;top:27.6px;">UBS AG </div><div id="a197946" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:627.355px;top:39.4px;">(consolidated) </div><div id="a197948" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:39.4px;">As of 31 December 2021 </div><div id="a197950" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:53.6px;">Assets </div><div id="a197957" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:68.8px;">Cash and balances at central banks </div><div id="a197959_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.728px;top:68.8px;">53,839</div><div id="a197962_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:396.915px;top:68.8px;">91,031</div><div id="a197965_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.595px;top:68.8px;">47,946</div><div id="a197969_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:647.208px;top:68.8px;">192,817</div><div id="a197972" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:82.9px;">Loans and advances to banks </div><div id="a197974_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.728px;top:82.9px;">39,681</div><div id="a197977_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:401.648px;top:82.9px;">7,066</div><div id="a197980_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.595px;top:82.9px;">19,858</div><div id="a197983_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.582px;top:82.9px;display:flex;">(51,245)</div><div id="a197986_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:82.9px;">15,360</div><div id="a197989" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:96.7px;">Receivables from securities financing transactions<div style="display:inline-block;width:4.01px"> </div>measured at </div><div id="a197990" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:108.5px;">amortized cost </div><div id="a197992_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.728px;top:108.5px;">50,566</div><div id="a197995_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:401.648px;top:108.5px;">5,438</div><div id="a197998_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.595px;top:108.5px;">40,585</div><div id="a198001_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.582px;top:108.5px;display:flex;">(21,577)</div><div id="a198004_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:108.5px;">75,012</div><div id="a198007" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:122.2px;">Cash collateral receivables on derivative<div style="display:inline-block;width:3.86px"> </div>instruments </div><div id="a198010_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.728px;top:122.2px;">29,939</div><div id="a198013_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:408.742px;top:122.2px;">779</div><div id="a198016_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.595px;top:122.2px;">10,314</div><div id="a198019_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.582px;top:122.2px;display:flex;">(10,518)</div><div id="a198022_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:122.2px;">30,514</div><div id="a198025" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:136.4px;">Loans and advances to customers </div><div id="a198027_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:306.995px;top:136.4px;">101,458</div><div id="a198030_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.182px;top:136.4px;">230,170</div><div id="a198033_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.595px;top:136.4px;">93,252</div><div id="a198036_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.582px;top:136.4px;display:flex;">(26,188)</div><div id="a198039_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:647.208px;top:136.4px;">398,693</div><div id="a198042" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:151.1px;">Other financial assets measured at amortized cost </div><div id="a198044_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:316.462px;top:151.1px;">8,902</div><div id="a198047_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:401.648px;top:151.1px;">6,828</div><div id="a198050_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.595px;top:151.1px;">12,377</div><div id="a198053_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.315px;top:151.1px;display:flex;">(1,870)</div><div id="a198056_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:151.1px;">26,236</div><div id="a198059" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:164.3px;">Total financial assets<div style="display:inline-block;width:3.9px"> </div>measured at amortized cost </div><div id="a198062_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:306.995px;top:164.3px;">284,385</div><div id="a198065_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.182px;top:164.3px;">341,312</div><div id="a198068_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:476.875px;top:164.3px;">224,332</div><div id="a198071_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:556.848px;top:164.3px;display:flex;">(111,397)</div><div id="a198074_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:647.208px;top:164.3px;">738,632</div><div id="a198077" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:178px;">Financial assets at fair value held for trading </div><div id="a198079_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:306.995px;top:178px;">116,370</div><div id="a198082_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:413.942px;top:178px;">79</div><div id="a198085_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.595px;top:178px;">16,740</div><div id="a198088_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.315px;top:178px;display:flex;">(2,156)</div><div id="a198091_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:647.208px;top:178px;">131,033</div><div id="a198094" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.664px;top:191.8px;">of which: assets pledged as collateral that<div style="display:inline-block;width:3.72px"> </div></div><div id="a198096" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.664px;top:203.6px;">may be sold or repledged by counterparties </div><div id="a198098_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:311.728px;top:203.6px;">47,891</div><div id="a198101_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:418.675px;top:203.6px;">0</div><div id="a198104_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:486.328px;top:203.6px;">6,073</div><div id="a198107_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:561.582px;top:203.6px;display:flex;">(10,568)</div><div id="a198110_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:651.968px;top:203.6px;">43,397</div><div id="a198113" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:217.3px;">Derivative financial instruments </div><div id="a198115_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:306.995px;top:217.3px;">113,426</div><div id="a198118_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:401.648px;top:217.3px;">4,199</div><div id="a198121_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.595px;top:217.3px;">35,567</div><div id="a198124_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.582px;top:217.3px;display:flex;">(35,047)</div><div id="a198127_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:647.208px;top:217.3px;">118,145</div><div id="a198130" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:231.5px;">Brokerage receivables </div><div id="a198132_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.728px;top:231.5px;">14,563</div><div id="a198136_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.328px;top:231.5px;">7,283</div><div id="a198139_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:583.342px;top:231.5px;display:flex;">(7)</div><div id="a198142_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:231.5px;">21,839</div><div id="a198145" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:246.2px;">Financial assets at fair value not held for trading </div><div id="a198147_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.728px;top:246.2px;">37,532</div><div id="a198150_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:401.648px;top:246.2px;">5,413</div><div id="a198153_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.595px;top:246.2px;">33,940</div><div id="a198156_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.582px;top:246.2px;display:flex;">(17,243)</div><div id="a198159_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:246.2px;">59,642</div><div id="a198162" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:259.4px;">Total financial assets<div style="display:inline-block;width:3.87px"> </div>measured at fair value through profit or<div style="display:inline-block;width:3.73px"> </div>loss </div><div id="a198164_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:306.995px;top:259.4px;">281,891</div><div id="a198167_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:401.648px;top:259.4px;">9,691</div><div id="a198170_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.595px;top:259.4px;">93,531</div><div id="a198173_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.582px;top:259.4px;display:flex;">(54,454)</div><div id="a198176_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:647.208px;top:259.4px;">330,659</div><div id="a198179" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:272.7px;">Financial assets measured at<div style="display:inline-block;width:3.79px"> </div>fair value<div style="display:inline-block;width:2.45px"> </div></div><div id="a198181" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:284.5px;">through other comprehensive income </div><div id="a198183_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:316.462px;top:284.5px;">1,007</div><div id="a198187_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.328px;top:284.5px;">7,837</div><div id="a198191_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:284.5px;">8,844</div><div id="a198194" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:297.3px;">Investments in subsidiaries and associates </div><div id="a198196_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.728px;top:297.3px;">54,204</div><div id="a198199_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:413.942px;top:297.3px;">37</div><div id="a198202_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:498.648px;top:297.3px;">40</div><div id="a198205_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.582px;top:297.3px;display:flex;">(53,038)</div><div id="a198208_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:297.3px;">1,243</div><div id="a198211" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:311.9px;">Property, equipment<div style="display:inline-block;width:3.88px"> </div>and software </div><div id="a198213_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:316.462px;top:311.9px;">6,501</div><div id="a198216_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:401.648px;top:311.9px;">1,456</div><div id="a198219_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.328px;top:311.9px;">4,048</div><div id="a198222_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:573.875px;top:311.9px;display:flex;">(293)</div><div id="a198225_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:311.9px;">11,712</div><div id="a198228" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:326.1px;">Goodwill and intangible assets </div><div id="a198230_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:323.555px;top:326.1px;">213</div><div id="a198234_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.328px;top:326.1px;">6,138</div><div id="a198237_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:583.808px;top:326.1px;">28</div><div id="a198240_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:326.1px;">6,378</div><div id="a198243" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:340.3px;">Deferred tax assets </div><div id="a198245_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:323.555px;top:340.3px;">936</div><div id="a198249_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.328px;top:340.3px;">7,903</div><div id="a198253_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:340.3px;">8,839</div><div id="a198256" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:354.5px;">Other non-financial assets </div><div id="a198260_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:316.462px;top:354.5px;">5,757</div><div id="a198263_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:401.648px;top:354.5px;">2,424</div><div id="a198266_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.328px;top:354.5px;">1,656</div><div id="a198269_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:583.342px;top:354.5px;display:flex;">(1)</div><div id="a198272_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:354.5px;">9,836</div><div id="a198275" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:368.2px;">Total assets </div><div id="a198277_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:306.995px;top:368.2px;">634,894</div><div id="a198280_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.182px;top:368.2px;">354,921</div><div id="a198283_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:476.875px;top:368.2px;">345,484</div><div id="a198286_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:556.848px;top:368.2px;display:flex;">(219,154)</div><div id="a198289_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:640.115px;top:368.2px;">1,116,145</div><div id="a198298" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:391.4px;">Liabilities </div><div id="a198305" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:405.6px;">Amounts due to banks<div style="display:inline-block;width:3.11px"> </div></div><div id="a198307_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.728px;top:405.6px;">34,691</div><div id="a198310_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:396.915px;top:405.6px;">33,453</div><div id="a198313_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.595px;top:405.6px;">50,405</div><div id="a198316_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:556.848px;top:405.6px;display:flex;">(105,448)</div><div id="a198319_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:405.6px;">13,101</div><div id="a198322" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:419.3px;">Payables from securities financing<div style="display:inline-block;width:3.7px"> </div>transactions measured at </div><div id="a198323" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:431.2px;">amortized cost </div><div id="a198325_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.728px;top:431.2px;">16,711</div><div id="a198328_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:408.742px;top:431.2px;">526</div><div id="a198331_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.328px;top:431.2px;">9,910</div><div id="a198334_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.582px;top:431.2px;display:flex;">(21,615)</div><div id="a198337_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:431.2px;">5,533</div><div id="a198340" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:444.9px;">Cash collateral payables on derivative instruments </div><div id="a198342_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.728px;top:444.9px;">30,260</div><div id="a198345_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:408.742px;top:444.9px;">153</div><div id="a198348_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.595px;top:444.9px;">11,845</div><div id="a198351_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.582px;top:444.9px;display:flex;">(10,458)</div><div id="a198354_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:444.9px;">31,801</div><div id="a198357" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:459.1px;">Customer deposits </div><div id="a198359_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:306.995px;top:459.1px;">101,093</div><div id="a198362_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.182px;top:459.1px;">286,488</div><div id="a198365_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:476.875px;top:459.1px;">142,967</div><div id="a198368_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.782px;top:459.1px;">14,287</div><div id="a198371_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:647.208px;top:459.1px;">544,834</div><div id="a198374" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:473.3px;">Funding from UBS Group AG </div><div id="a198376_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.728px;top:473.3px;">57,295</div><div id="a198382_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:473.3px;">57,295</div><div id="a198385" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:487.9px;">Debt issued measured at amortized cost </div><div id="a198387_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.728px;top:487.9px;">73,045</div><div id="a198390_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:401.648px;top:487.9px;">9,460</div><div id="a198394_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:578.608px;top:487.9px;display:flex;">(73)</div><div id="a198397_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:487.9px;">82,432</div><div id="a198400" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:502.1px;">Other financial liabilities measured at amortized cost </div><div id="a198402_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:316.462px;top:502.1px;">4,477</div><div id="a198405_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:401.648px;top:502.1px;">2,477</div><div id="a198408_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.328px;top:502.1px;">5,057</div><div id="a198411_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.315px;top:502.1px;display:flex;">(2,245)</div><div id="a198414_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:502.1px;">9,765</div><div id="a198417" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:515.9px;">Total financial liabilities measured<div style="display:inline-block;width:3.9px"> </div>at amortized cost </div><div id="a198419_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:306.995px;top:515.9px;">317,572</div><div id="a198422_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.182px;top:515.9px;">332,556</div><div id="a198425_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:476.875px;top:515.9px;">220,184</div><div id="a198428_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:556.848px;top:515.9px;display:flex;">(125,551)</div><div id="a198431_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:647.208px;top:515.9px;">744,762</div><div id="a198434" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:529.6px;">Financial liabilities at fair value held for trading </div><div id="a198436_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.728px;top:529.6px;">25,711</div><div id="a198439_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:408.742px;top:529.6px;">372</div><div id="a198442_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.328px;top:529.6px;">7,652</div><div id="a198445_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.315px;top:529.6px;display:flex;">(2,046)</div><div id="a198448_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:529.6px;">31,688</div><div id="a198451" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:543.7px;">Derivative financial instruments </div><div id="a198454_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:306.995px;top:543.7px;">116,588</div><div id="a198457_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:401.648px;top:543.7px;">4,053</div><div id="a198460_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.595px;top:543.7px;">35,731</div><div id="a198463_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.582px;top:543.7px;display:flex;">(35,063)</div><div id="a198466_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:647.208px;top:543.7px;">121,309</div><div id="a198469" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:558.4px;">Brokerage payables designated at<div style="display:inline-block;width:4.03px"> </div>fair value </div><div id="a198471_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.728px;top:558.4px;">30,497</div><div id="a198475_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.595px;top:558.4px;">13,548</div><div id="a198478_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:583.342px;top:558.4px;display:flex;">(1)</div><div id="a198481_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:558.4px;">44,045</div><div id="a198484" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:572.6px;">Debt issued designated at fair value </div><div id="a198486_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.728px;top:572.6px;">70,660</div><div id="a198490_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:493.422px;top:572.6px;">785</div><div id="a198493_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:583.808px;top:572.6px;">14</div><div id="a198496_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:572.6px;">71,460</div><div id="a198499" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:586.8px;">Other financial liabilities designated at fair value </div><div id="a198502_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.728px;top:586.8px;">11,127</div><div id="a198506_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.595px;top:586.8px;">24,454</div><div id="a198509_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.315px;top:586.8px;display:flex;">(3,167)</div><div id="a198512_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:586.8px;">32,414</div><div id="a198515" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:600.5px;">Total financial liabilities measured<div style="display:inline-block;width:3.9px"> </div>at fair value through profit or<div style="display:inline-block;width:3.84px"> </div>loss </div><div id="a198517_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:306.995px;top:600.5px;">254,584</div><div id="a198520_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:401.648px;top:600.5px;">4,425</div><div id="a198523_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.595px;top:600.5px;">82,171</div><div id="a198526_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.582px;top:600.5px;display:flex;">(40,263)</div><div id="a198529_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:647.208px;top:600.5px;">300,916</div><div id="a198532" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:614.2px;">Provisions </div><div id="a198534_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:316.462px;top:614.2px;">2,023</div><div id="a198537_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:408.742px;top:614.2px;">297</div><div id="a198540_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.328px;top:614.2px;">1,153</div><div id="a198543_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:578.608px;top:614.2px;display:flex;">(21)</div><div id="a198546_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:614.2px;">3,452</div><div id="a198549" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:628.4px;">Other non-financial liabilities </div><div id="a198553_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:316.462px;top:628.4px;">1,799</div><div id="a198556_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:401.648px;top:628.4px;">1,278</div><div id="a198559_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.328px;top:628.4px;">5,528</div><div id="a198562_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:578.608px;top:628.4px;display:flex;">(33)</div><div id="a198565_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:628.4px;">8,572</div><div id="a198568" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:642.1px;">Total liabilities </div><div id="a198570_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:306.995px;top:642.1px;">575,978</div><div id="a198573_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.182px;top:642.1px;">338,556</div><div id="a198576_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:476.875px;top:642.1px;">309,036</div><div id="a198579_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:556.848px;top:642.1px;display:flex;">(165,868)</div><div id="a198582_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:640.115px;top:642.1px;">1,057,702</div><div id="a198591" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:665.3px;">Equity attributable to shareholders </div><div id="a198593_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.728px;top:665.3px;">58,916</div><div id="a198596_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:396.915px;top:665.3px;">16,365</div><div id="a198599_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.595px;top:665.3px;">36,108</div><div id="a198602_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.582px;top:665.3px;display:flex;">(53,287)</div><div id="a198605_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:665.3px;">58,102</div><div id="a198608" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:679.5px;">Equity attributable to non-controlling<div style="display:inline-block;width:3.74px"> </div>interests </div><div id="a198614_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:493.422px;top:679.5px;">340</div><div id="a198618_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.795px;top:679.5px;">340</div><div id="a198621" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:693.3px;">Total equity </div><div id="a198623_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.728px;top:693.3px;">58,916</div><div id="a198626_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:396.915px;top:693.3px;">16,365</div><div id="a198629_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.595px;top:693.3px;">36,448</div><div id="a198632_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.582px;top:693.3px;display:flex;">(53,287)</div><div id="a198635_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:693.3px;">58,442</div><div id="a198638" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:707.4px;">Total liabilities and<div style="display:inline-block;width:3.75px"> </div>equity </div><div id="a198640_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:306.995px;top:707.4px;">634,894</div><div id="a198643_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.182px;top:707.4px;">354,921</div><div id="a198646_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:476.875px;top:707.4px;">345,484</div><div id="a198649_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:556.848px;top:707.4px;display:flex;">(219,154)</div><div id="a198652_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:640.115px;top:707.4px;">1,116,145</div><div id="a198655" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:722px;">1 Amounts presented for<div style="display:inline-block;width:3.94px"> </div>UBS AG standalone<div style="display:inline-block;width:3.78px"> </div>and UBS Switzerland<div style="display:inline-block;width:3.8px"> </div>AG standalone<div style="display:inline-block;width:3.46px"> </div>represent IFRS<div style="display:inline-block;width:3.64px"> </div>standalone information.<div style="display:inline-block;width:3.61px"> </div>Refer to the<div style="display:inline-block;width:3.57px"> </div>UBS AG standalone<div style="display:inline-block;width:3.82px"> </div>and UBS Switzerland<div style="display:inline-block;width:3.8px"> </div>AG standalone<div style="display:inline-block;width:3.46px"> </div>financial statements, </div><div id="a198658" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:731.9px;">available under “Complementary<div style="display:inline-block;width:3.47px"> </div>financial information”<div style="display:inline-block;width:3.47px"> </div>at ubs.com/investors,<div style="display:inline-block;width:3.61px"> </div>for information prepared<div style="display:inline-block;width:3.46px"> </div>in accordance with Swiss<div style="display:inline-block;width:3.58px"> </div>GAAP.<div style="display:inline-block;width:9.91px"> </div>2 The ”Other subsidiaries“<div style="display:inline-block;width:3.66px"> </div>column includes consolidated<div style="display:inline-block;width:3.9px"> </div>information for the </div><div id="a198662" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:742.3px;">UBS Americas Holding LLC,<div style="display:inline-block;width:3.93px"> </div>UBS Europe SE and UBS Asset<div style="display:inline-block;width:3.81px"> </div>Management AG significant<div style="display:inline-block;width:3.48px"> </div>sub-groups, as well<div style="display:inline-block;width:3.83px"> </div>as standalone information<div style="display:inline-block;width:3.46px"> </div>for other subsidiaries.</div></div></div></div><div id="TextBlockContainer1796" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:532px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1794_XBRL_TS_14d40f826c5b4008922d7be963a7a9ea" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1795" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:532px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a198705" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Supplemental guarantor consolidated<div style="display:inline-block;width:4.55px"> </div>statement of cash flows </div><div id="a198707" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:19.5px;">USD m </div><div id="a198709" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:402.115px;top:34.2px;">UBS AG</div><div id="a198710" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:430.968px;top:34.9px;">1</div><div id="a198712" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:502.915px;top:22.9px;">UBS </div><div id="a198714" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:459.368px;top:34.2px;">Switzerland AG</div><div id="a198715" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:515.208px;top:34.9px;">1</div><div id="a198717" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:578.128px;top:22.9px;">Other </div><div id="a198719" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:551.182px;top:34.2px;"><div style="display:inline-block;width:2.36px"> </div>subsidiaries</div><div id="a198721" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:595.155px;top:34.9px;">1</div><div id="a198723" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:649.568px;top:22.9px;">UBS AG </div><div id="a198725" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:627.355px;top:34.2px;">(consolidated) </div><div id="a198727" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:34.2px;">For the year ended<div style="display:inline-block;width:3.9px"> </div>31 December 2021 </div><div id="a198729" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:48.4px;">Net cash flow from / (used in) operating<div style="display:inline-block;width:4.43px"> </div>activities </div><div id="a198732_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.048px;top:48.4px;">5,714</div><div id="a198735_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:496.288px;top:48.4px;">2,131</div><div id="a198738_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.982px;top:48.4px;">22,718</div><div id="a198741_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:48.4px;">30,563</div><div id="a198744" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:64.5px;">Cash flow from / (used in) investing activities </div><div id="a198750" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:81.1px;">Purchase of subsidiaries, associates and intangible assets </div><div id="a198752_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:429.075px;top:81.1px;">0</div><div id="a198755_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:508.115px;top:81.1px;display:flex;">(1)</div><div id="a198758_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:593.742px;top:81.1px;">0</div><div id="a198761_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.528px;top:81.1px;display:flex;">(1)</div><div id="a198764" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:97.6px;">Disposal of subsidiaries, associates and intangible<div style="display:inline-block;width:3.99px"> </div>assets</div><div id="a198765" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:208.568px;top:98.3px;">2</div><div id="a198767_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:424.342px;top:97.6px;">16</div><div id="a198770_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.315px;top:97.6px;">0</div><div id="a198773_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:583.808px;top:97.6px;">577</div><div id="a198776_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.795px;top:97.6px;">593</div><div id="a198779" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:113.7px;">Purchase of property,<div style="display:inline-block;width:3.74px"> </div>equipment and software </div><div id="a198781_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:414.408px;top:113.7px;display:flex;">(656)</div><div id="a198784_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:498.648px;top:113.7px;display:flex;">(276)</div><div id="a198787_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:579.075px;top:113.7px;display:flex;">(650)</div><div id="a198790_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.462px;top:113.7px;display:flex;">(1,581)</div><div id="a198793" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:130.3px;">Disposal of property, equipment<div style="display:inline-block;width:3.88px"> </div>and software </div><div id="a198795_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:419.142px;top:130.3px;">294</div><div id="a198798_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.315px;top:130.3px;">0</div><div id="a198801_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:593.742px;top:130.3px;">1</div><div id="a198804_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.795px;top:130.3px;">295</div><div id="a198807" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:146.3px;">Purchase of financial assets measured at fair value through<div style="display:inline-block;width:4.39px"> </div>other comprehensive income </div><div id="a198809_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:406.848px;top:146.3px;display:flex;">(1,006)</div><div id="a198812_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.315px;top:146.3px;">0</div><div id="a198815_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.515px;top:146.3px;display:flex;">(4,795)</div><div id="a198818_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.462px;top:146.3px;display:flex;">(5,802)</div><div id="a198821" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:161px;">Disposal and redemption of financial assets measured at<div style="display:inline-block;width:3.83px"> </div>fair value through other comprehensive </div><div id="a198822" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:172.8px;">income </div><div id="a198824_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:419.142px;top:172.8px;">189</div><div id="a198827_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.315px;top:172.8px;">0</div><div id="a198830_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.715px;top:172.8px;">4,863</div><div id="a198833_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:172.8px;">5,052</div><div id="a198836" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:187.5px;">Net (purchase) / redemption of debt securities measured at amortized<div style="display:inline-block;width:4.14px"> </div>cost </div><div id="a198838_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:414.408px;top:187.5px;display:flex;">(807)</div><div id="a198841_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:503.382px;top:187.5px;">772</div><div id="a198844_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:579.075px;top:187.5px;display:flex;">(380)</div><div id="a198847_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:659.062px;top:187.5px;display:flex;">(415)</div><div id="a198850" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:203.1px;">Net cash flow from / (used in)<div style="display:inline-block;width:3.74px"> </div>investing activities </div><div id="a198853_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:406.848px;top:203.1px;display:flex;">(1,970)</div><div id="a198856_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:503.382px;top:203.1px;">495</div><div id="a198859_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:579.075px;top:203.1px;display:flex;">(385)</div><div id="a198862_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.462px;top:203.1px;display:flex;">(1,860)</div><div id="a198865" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:219.7px;">Cash flow from / (used in) financing activities </div><div id="a198871" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:235.8px;">Net short-term debt issued / (repaid) </div><div id="a198875_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:406.848px;top:235.8px;display:flex;">(3,073)</div><div id="a198878_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:503.382px;top:235.8px;display:flex;">(21)</div><div id="a198881_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:593.742px;top:235.8px;">0</div><div id="a198884_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.462px;top:235.8px;display:flex;">(3,093)</div><div id="a198887" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:252.3px;">Distributions paid on UBS AG shares </div><div id="a198889_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:406.848px;top:252.3px;display:flex;">(4,539)</div><div id="a198892_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.315px;top:252.3px;">0</div><div id="a198895_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:593.742px;top:252.3px;">0</div><div id="a198898_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.462px;top:252.3px;display:flex;">(4,539)</div><div id="a198901" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:268.4px;">Issuance of debt designated at fair value and long<div style="display:inline-block;width:1.4px"> </div>-term debt measured at amortized cost</div><div id="a198904" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:326.395px;top:269.1px;">3</div><div id="a198906_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:268.4px;">97,250</div><div id="a198909_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:496.288px;top:268.4px;">1,177</div><div id="a198912_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:583.808px;top:268.4px;">193</div><div id="a198915_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:268.4px;">98,619</div><div id="a198918" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:285px;">Repayment of debt designated at fair value and<div style="display:inline-block;width:3.77px"> </div>long-term debt measured at amortized cost</div><div id="a198921" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:335.848px;top:285.6px;">3</div><div id="a198923_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:402.115px;top:286.4px;display:flex;">(78,385)</div><div id="a198926_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:491.062px;top:286.4px;display:flex;">(1,093)</div><div id="a198929_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:579.075px;top:286.4px;display:flex;">(320)</div><div id="a198932_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:646.742px;top:286.4px;display:flex;">(79,799)</div><div id="a198935" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:301.1px;">Net cash flows from other financing activities </div><div id="a198938_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:414.408px;top:301.1px;display:flex;">(280)</div><div id="a198941_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.315px;top:301.1px;">0</div><div id="a198944_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:589.008px;top:301.1px;">20</div><div id="a198947_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:659.062px;top:301.1px;display:flex;">(261)</div><div id="a198950" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:317.6px;">Net activity related to group internal capital transactions<div style="display:inline-block;width:3.78px"> </div>and dividends </div><div id="a198952_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.048px;top:317.6px;">5,240</div><div id="a198955_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:498.648px;top:317.6px;display:flex;">(537)</div><div id="a198958_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.515px;top:317.6px;display:flex;">(4,702)</div><div id="a198961_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:317.6px;">0</div><div id="a198964" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:333.2px;">Net cash flow from / (used in)<div style="display:inline-block;width:3.74px"> </div>financing activities </div><div id="a198966_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:333.2px;">16,212</div><div id="a198969_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:498.648px;top:333.2px;display:flex;">(475)</div><div id="a198972_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.515px;top:333.2px;display:flex;">(4,811)</div><div id="a198975_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:333.2px;">10,927</div><div id="a198983" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#000000;left:3.679px;top:364.8px;">Total<div style="display:inline-block;width:4.32px"> </div>cash flow </div><div id="a198989" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:380.1px;">Cash and cash equivalents at the beginning<div style="display:inline-block;width:4.16px"> </div>of the year </div><div id="a198991_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:380.1px;">39,400</div><div id="a198994_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:491.528px;top:380.1px;">93,342</div><div id="a198997_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.982px;top:380.1px;">40,689</div><div id="a199000_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:647.208px;top:380.1px;">173,430</div><div id="a199003" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:396.6px;">Net cash flow from / (used in) operating, investing<div style="display:inline-block;width:3.77px"> </div>and financing activities </div><div id="a199005_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:396.6px;">19,957</div><div id="a199008_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:496.288px;top:396.6px;">2,151</div><div id="a199011_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.982px;top:396.6px;">17,523</div><div id="a199014_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:396.6px;">39,630</div><div id="a199017" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:412.7px;">Effects of exchange rate differences on cash and<div style="display:inline-block;width:3.77px"> </div>cash equivalents </div><div id="a199020_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:406.848px;top:412.7px;display:flex;">(1,462)</div><div id="a199023_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:491.062px;top:412.7px;display:flex;">(2,693)</div><div id="a199026_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.515px;top:412.7px;display:flex;">(1,151)</div><div id="a199029_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.462px;top:412.7px;display:flex;">(5,306)</div><div id="a199032" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:428.8px;">Cash and cash equivalents at the end<div style="display:inline-block;width:3.9px"> </div>of the year</div><div id="a199033" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:181.142px;top:429.4px;">4</div><div id="a199035_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:428.8px;">57,895</div><div id="a199038_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:491.528px;top:428.8px;">92,799</div><div id="a199041_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.982px;top:428.8px;">57,061</div><div id="a199044_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:647.208px;top:428.8px;">207,755</div><div id="a199047" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.664px;top:444.9px;">of which: cash and balances at central banks </div><div id="a199049_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:407.315px;top:444.9px;">53,729</div><div id="a199052_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:491.528px;top:444.9px;">91,031</div><div id="a199055_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:571.982px;top:444.9px;">47,946</div><div id="a199058_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:647.208px;top:444.9px;">192,706</div><div id="a199061" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.664px;top:461.4px;">of which: loans and advances to banks </div><div id="a199064_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:412.048px;top:461.4px;">3,258</div><div id="a199067_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:496.288px;top:461.4px;">1,588</div><div id="a199070_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:576.715px;top:461.4px;">8,975</div><div id="a199073_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:651.968px;top:461.4px;">13,822</div><div id="a199076" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.664px;top:477.5px;">of which: money market paper</div><div id="a199077" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;color:#000000;left:123.382px;top:478.1px;">5</div><div id="a199079_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:419.142px;top:477.5px;">908</div><div id="a199082_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:503.382px;top:477.5px;">179</div><div id="a199085_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:583.808px;top:477.5px;">139</div><div id="a199088_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:656.702px;top:477.5px;">1,227</div><div id="a199091" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:493px;">1 Cash flows generally<div style="display:inline-block;width:4.12px"> </div>represent a third<div style="display:inline-block;width:1.52px"> </div>-party view from<div style="display:inline-block;width:3.63px"> </div>a UBS AG consolidated<div style="display:inline-block;width:4.25px"> </div>perspective, except<div style="display:inline-block;width:3.94px"> </div>for Net activity<div style="display:inline-block;width:3.46px"> </div>related to group<div style="display:inline-block;width:4.09px"> </div>internal capital transactions<div style="display:inline-block;width:4.58px"> </div>and dividends.<div style="display:inline-block;width:10.25px"> </div>2 Includes cash<div style="display:inline-block;width:3.81px"> </div>proceeds from the </div><div id="a199095" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:503px;">sale of the minority stake in<div style="display:inline-block;width:3.63px"> </div>Clearstream Fund Centre<div style="display:inline-block;width:3.48px"> </div>AG and dividends<div style="display:inline-block;width:3.61px"> </div>received from associates.<div style="display:inline-block;width:10.08px"> </div>3 Includes funding from<div style="display:inline-block;width:3.65px"> </div>UBS Group AG to<div style="display:inline-block;width:3.39px"> </div>UBS AG.<div style="display:inline-block;width:9.3px"> </div>4 Balances with an original<div style="display:inline-block;width:3.61px"> </div>maturity of three months<div style="display:inline-block;width:3.62px"> </div>or less. </div><div id="a199100" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:513.4px;">USD </div><div id="a199100_4_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:18.812px;top:513.4px;">3,408</div><div id="a199100_9_208" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:37.728px;top:513.4px;">m of cash and cash equivalents were<div style="display:inline-block;width:3.65px"> </div>restricted.<div style="display:inline-block;width:8.2px"> </div>5 Money market<div style="display:inline-block;width:3.61px"> </div>paper is included in the balance sheet under<div style="display:inline-block;width:3.83px"> </div>Financial assets at fair value held<div style="display:inline-block;width:3.49px"> </div>for trading, Financial assets measured<div style="display:inline-block;width:4.04px"> </div>at fair value through </div><div id="a199104" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:523.3px;">other comprehensive income,<div style="display:inline-block;width:3.75px"> </div>Financial assets at fair<div style="display:inline-block;width:3.5px"> </div>value not held for trading<div style="display:inline-block;width:3.46px"> </div>and Other financial assets<div style="display:inline-block;width:3.8px"> </div>measured at amortized<div style="display:inline-block;width:3.41px"> </div>cost.</div></div></div></div><div id="TextBlockContainer1800" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:429px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1798_XBRL_TS_2962b6d4d01b4758b0ddc63362943c46" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1799" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:429px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a199146" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Supplemental guarantor consolidated<div style="display:inline-block;width:4.58px"> </div>income statement </div><div id="a199150" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:19.5px;">USD m </div><div id="a199152" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:339.662px;top:27.6px;">UBS AG </div><div id="a199154" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:320.248px;top:39.4px;">(standalone)</div><div id="a199155" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:365.195px;top:40.1px;">1</div><div id="a199157" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:433.328px;top:16.2px;">UBS </div><div id="a199159" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.662px;top:27.6px;">Switzerland AG </div><div id="a199161" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:400.222px;top:39.4px;">(standalone)</div><div id="a199162" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:445.182px;top:40.1px;">1</div><div id="a199164" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:507.635px;top:27.6px;">Other<div style="display:inline-block;width:2.46px"> </div></div><div id="a199166" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:483.488px;top:39.4px;">subsidiaries</div><div id="a199167" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:525.142px;top:40.1px;">2</div><div id="a199169" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:562.528px;top:27.6px;">Elimination </div><div id="a199171" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:579.075px;top:39.4px;">entries </div><div id="a199173" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:649.568px;top:27.6px;">UBS AG </div><div id="a199175" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:627.355px;top:39.4px;">(consolidated) </div><div id="a199177" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:39.4px;">For the year ended<div style="display:inline-block;width:3.9px"> </div>31 December 2020 </div><div id="a199179" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:51.7px;">Interest income from financial instruments measured<div style="display:inline-block;width:3.82px"> </div>at amortized cost and </div><div id="a199181" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:63.6px;">fair value through other comprehensive<div style="display:inline-block;width:3.81px"> </div>income </div><div id="a199183_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:63.6px;">3,386</div><div id="a199186_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:63.6px;">3,636</div><div id="a199189_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.688px;top:63.6px;">2,612</div><div id="a199192_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:583.808px;top:63.6px;display:flex;">(818)</div><div id="a199195_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:63.6px;">8,816</div><div id="a199198" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:78.2px;">Interest expense from financial instruments measured<div style="display:inline-block;width:3.77px"> </div>at amortized cost </div><div id="a199200_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:341.555px;top:78.2px;display:flex;">(3,694)</div><div id="a199203_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:429.075px;top:78.2px;display:flex;">(513)</div><div id="a199206_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.488px;top:78.2px;display:flex;">(1,261)</div><div id="a199209_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:581.448px;top:78.2px;">1,134</div><div id="a199212_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.462px;top:78.2px;display:flex;">(4,333)</div><div id="a199215" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:92.9px;">Net interest income from financial instruments measured<div style="display:inline-block;width:3.83px"> </div>at fair value through </div><div id="a199217" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:104.7px;">profit or loss and other </div><div id="a199219_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:104.7px;">1,103</div><div id="a199222_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:433.808px;top:104.7px;">164</div><div id="a199225_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.782px;top:104.7px;">311</div><div id="a199228_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:583.808px;top:104.7px;display:flex;">(273)</div><div id="a199231_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:104.7px;">1,305</div><div id="a199234" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:118.5px;">Net interest income </div><div id="a199236_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:353.848px;top:118.5px;">794</div><div id="a199239_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:118.5px;">3,288</div><div id="a199242_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.688px;top:118.5px;">1,662</div><div id="a199245_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:593.742px;top:118.5px;">43</div><div id="a199248_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:118.5px;">5,788</div><div id="a199251" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:132.6px;">Other net income from financial instruments measured<div style="display:inline-block;width:3.73px"> </div>at fair value through </div><div id="a199253" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:144.5px;">profit or loss </div><div id="a199255_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:144.5px;">4,857</div><div id="a199258_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:433.808px;top:144.5px;">911</div><div id="a199261_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.688px;top:144.5px;">1,044</div><div id="a199264_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:588.542px;top:144.5px;">118</div><div id="a199267_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:144.5px;">6,930</div><div id="a199270" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:159.1px;">Fee and commission income </div><div id="a199272_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:159.1px;">3,731</div><div id="a199275_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:159.1px;">4,585</div><div id="a199278_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.968px;top:159.1px;">13,651</div><div id="a199281_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:583.808px;top:159.1px;display:flex;">(984)</div><div id="a199284_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:159.1px;">20,982</div><div id="a199287" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:175.2px;">Fee and commission expense </div><div id="a199289_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:349.128px;top:175.2px;display:flex;">(644)</div><div id="a199292_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:429.075px;top:175.2px;display:flex;">(829)</div><div id="a199295_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.488px;top:175.2px;display:flex;">(1,263)</div><div id="a199298_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:588.542px;top:175.2px;">961</div><div id="a199301_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.462px;top:175.2px;display:flex;">(1,775)</div><div id="a199304" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:190.8px;">Net fee and commission income </div><div id="a199306_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:190.8px;">3,087</div><div id="a199309_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:190.8px;">3,756</div><div id="a199312_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.968px;top:190.8px;">12,388</div><div id="a199315_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:588.542px;top:190.8px;display:flex;">(23)</div><div id="a199318_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:190.8px;">19,207</div><div id="a199321" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:207.4px;">Other income </div><div id="a199323_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:207.4px;">4,671</div><div id="a199326_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:433.808px;top:207.4px;">233</div><div id="a199329_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.688px;top:207.4px;">2,585</div><div id="a199332_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.248px;top:207.4px;display:flex;">(5,941)</div><div id="a199335_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:207.4px;">1,549</div><div id="a199338" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:223px;">Total revenues </div><div id="a199340_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:342.022px;top:223px;">13,410</div><div id="a199343_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:223px;">8,188</div><div id="a199346_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.968px;top:223px;">17,679</div><div id="a199349_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.248px;top:223px;display:flex;">(5,803)</div><div id="a199352_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:223px;">33,474</div><div id="a199355" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:239.5px;">Credit loss expense / (release) </div><div id="a199357_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:353.848px;top:239.5px;">352</div><div id="a199360_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:433.808px;top:239.5px;">286</div><div id="a199363_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:518.995px;top:239.5px;">56</div><div id="a199366_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:598.475px;top:239.5px;">0</div><div id="a199369_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.795px;top:239.5px;">695</div><div id="a199372" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:255.6px;">Personnel expenses </div><div id="a199374_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:255.6px;">3,458</div><div id="a199377_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:255.6px;">2,017</div><div id="a199380_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.688px;top:255.6px;">9,211</div><div id="a199383_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:598.475px;top:255.6px;">0</div><div id="a199386_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:255.6px;">14,686</div><div id="a199389" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:272.2px;">General and administrative expenses </div><div id="a199391_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:272.2px;">3,507</div><div id="a199394_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:272.2px;">3,313</div><div id="a199397_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.688px;top:272.2px;">4,147</div><div id="a199400_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.248px;top:272.2px;display:flex;">(2,481)</div><div id="a199403_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:272.2px;">8,486</div><div id="a199406" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:288.3px;">Depreciation, amortization and impairment of non<div style="display:inline-block;width:1.5px"> </div>-financial assets </div><div id="a199410_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:290.2px;">1,013</div><div id="a199413_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:433.808px;top:290.2px;">261</div><div id="a199416_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.782px;top:290.2px;">750</div><div id="a199419_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:583.808px;top:290.2px;display:flex;">(115)</div><div id="a199422_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:290.2px;">1,909</div><div id="a199425" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:303.9px;">Operating expenses </div><div id="a199427_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:303.9px;">7,978</div><div id="a199430_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:303.9px;">5,591</div><div id="a199433_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.968px;top:303.9px;">14,108</div><div id="a199436_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.248px;top:303.9px;display:flex;">(2,596)</div><div id="a199439_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:303.9px;">25,081</div><div id="a199442" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:320.4px;">Operating profit / (loss) before<div style="display:inline-block;width:3.73px"> </div>tax </div><div id="a199444_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:320.4px;">5,079</div><div id="a199447_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:320.4px;">2,311</div><div id="a199450_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.688px;top:320.4px;">3,515</div><div id="a199453_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.248px;top:320.4px;display:flex;">(3,207)</div><div id="a199456_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:320.4px;">7,699</div><div id="a199459" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:336.5px;">Tax expense / (benefit) </div><div id="a199461_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:353.848px;top:336.5px;">238</div><div id="a199464_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:433.808px;top:336.5px;">444</div><div id="a199467_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.782px;top:336.5px;">912</div><div id="a199470_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:583.808px;top:336.5px;display:flex;">(107)</div><div id="a199473_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:336.5px;">1,488</div><div id="a199476" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:352.6px;">Net profit / (loss) </div><div id="a199478_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:352.6px;">4,840</div><div id="a199481_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:352.6px;">1,868</div><div id="a199484_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.688px;top:352.6px;">2,603</div><div id="a199487_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.248px;top:352.6px;display:flex;">(3,100)</div><div id="a199490_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:352.6px;">6,211</div><div id="a199493" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:368.7px;">Net profit / (loss) attributable to non-controlling<div style="display:inline-block;width:3.95px"> </div>interests </div><div id="a199497_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:363.782px;top:368.7px;">0</div><div id="a199500_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:443.768px;top:368.7px;">0</div><div id="a199503_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:518.995px;top:368.7px;">15</div><div id="a199506_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:598.475px;top:368.7px;">0</div><div id="a199509_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.995px;top:368.7px;">15</div><div id="a199512" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:384.3px;">Net profit / (loss) attributable to shareholders </div><div id="a199515_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:384.3px;">4,840</div><div id="a199518_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:384.3px;">1,868</div><div id="a199521_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.688px;top:384.3px;">2,588</div><div id="a199524_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.248px;top:384.3px;display:flex;">(3,100)</div><div id="a199527_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:384.3px;">6,196</div><div id="a199530" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:399.8px;">1 Amounts presented<div style="display:inline-block;width:3.63px"> </div>for UBS AG<div style="display:inline-block;width:3.78px"> </div>standalone and<div style="display:inline-block;width:3.79px"> </div>UBS Switzerland AG<div style="display:inline-block;width:3.94px"> </div>standalone represent<div style="display:inline-block;width:3.63px"> </div>IFRS standalone<div style="display:inline-block;width:3.63px"> </div>information. Refer<div style="display:inline-block;width:3.62px"> </div>to the UBS<div style="display:inline-block;width:3.57px"> </div>AG standalone<div style="display:inline-block;width:3.93px"> </div>and UBS Switzerland<div style="display:inline-block;width:3.8px"> </div>AG standalone<div style="display:inline-block;width:3.46px"> </div>financial<div style="display:inline-block;width:3.44px"> </div>statements </div><div id="a199533" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:409.7px;">under “Complementary<div style="display:inline-block;width:3.94px"> </div>financial information”<div style="display:inline-block;width:4.89px"> </div>at ubs.com/investors<div style="display:inline-block;width:4.39px"> </div>for information<div style="display:inline-block;width:4.71px"> </div>prepared in<div style="display:inline-block;width:3.48px"> </div>accordance<div style="display:inline-block;width:3.48px"> </div>with Swiss<div style="display:inline-block;width:3.94px"> </div>GAAP.<div style="display:inline-block;width:11.8px"> </div>2 The<div style="display:inline-block;width:4.54px"> </div>”Other subsidiaries“<div style="display:inline-block;width:4.27px"> </div>column includes<div style="display:inline-block;width:4.24px"> </div>consolidated information<div style="display:inline-block;width:4.38px"> </div>for the<div style="display:inline-block;width:4.1px"> </div>UBS </div><div id="a199536" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:420.2px;">Americas Holding LLC,<div style="display:inline-block;width:3.61px"> </div>UBS Europe SE and UBS Asset<div style="display:inline-block;width:3.9px"> </div>Management AG significant<div style="display:inline-block;width:3.48px"> </div>sub-groups, as well<div style="display:inline-block;width:3.71px"> </div>as standalone information<div style="display:inline-block;width:3.46px"> </div>for other subsidiaries.</div></div></div></div><div id="TextBlockContainer1804" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:685px;height:480px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1802_XBRL_TS_50d1168239f64f789eae65d89c2c5574" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1803" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:685px;height:480px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a199544" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Supplemental guarantor consolidated<div style="display:inline-block;width:4.55px"> </div>statement of comprehensive income </div><div id="a199548" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:19.5px;">USD m </div><div id="a199550" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:308.422px;top:30px;">UBS AG </div><div id="a199552" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:289.035px;top:41.3px;">(standalone)</div><div id="a199553" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:333.955px;top:41.9px;">1</div><div id="a199555" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:406.848px;top:18.1px;">UBS </div><div id="a199557" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:366.142px;top:30px;">Switzerland AG </div><div id="a199559" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:373.715px;top:41.3px;">(standalone)</div><div id="a199560" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:418.675px;top:41.9px;">1</div><div id="a199562" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.328px;top:30px;">Other<div style="display:inline-block;width:2.49px"> </div></div><div id="a199564" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:462.208px;top:41.3px;">subsidiaries</div><div id="a199565" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:503.862px;top:41.9px;">2</div><div id="a199567" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:551.648px;top:30px;">Elimination </div><div id="a199569" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:568.208px;top:41.3px;">entries </div><div id="a199571" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:648.635px;top:30px;">UBS AG </div><div id="a199573" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:626.408px;top:41.3px;">(consolidated) </div><div id="a199575" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:41.3px;">For the year ended<div style="display:inline-block;width:3.9px"> </div>31 December 2020 </div><div id="a199583" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:67.8px;">Comprehensive income attributable to shareholders </div><div id="a199590" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:83.9px;">Net profit / (loss) </div><div id="a199592_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:315.515px;top:83.9px;">4,840</div><div id="a199595_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:400.222px;top:83.9px;">1,868</div><div id="a199598_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:485.382px;top:83.9px;">2,588</div><div id="a199601_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:565.368px;top:83.9px;display:flex;">(3,100)</div><div id="a199604_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.755px;top:83.9px;">6,196</div><div id="a199613" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:111.8px;">Other comprehensive income </div><div id="a199621" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:127.4px;">Other comprehensive income that<div style="display:inline-block;width:3.78px"> </div>may be reclassified to the income </div><div id="a199622" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:138.8px;">statement </div><div id="a199629" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:154.9px;">Foreign currency translation, net<div style="display:inline-block;width:3.86px"> </div>of tax </div><div id="a199631_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:327.808px;top:154.9px;">81</div><div id="a199634_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:400.222px;top:154.9px;">1,228</div><div id="a199637_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:492.475px;top:154.9px;">690</div><div id="a199640_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:572.928px;top:154.9px;display:flex;">(969)</div><div id="a199643_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.755px;top:154.9px;">1,030</div><div id="a199646" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:169.5px;">Financial assets measured at fair value through<div style="display:inline-block;width:4.15px"> </div>other </div><div id="a199647" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:181.3px;">comprehensive income, net of tax </div><div id="a199649_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.542px;top:181.3px;">0</div><div id="a199652_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:417.248px;top:181.3px;">0</div><div id="a199655_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:492.475px;top:181.3px;">137</div><div id="a199658_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:587.595px;top:181.3px;">0</div><div id="a199661_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:662.848px;top:181.3px;">136</div><div id="a199664" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:196px;">Cash flow hedges, net of tax </div><div id="a199666_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:322.608px;top:196px;">902</div><div id="a199669_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.528px;top:196px;">26</div><div id="a199672_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:492.475px;top:196px;">101</div><div id="a199675_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:577.662px;top:196px;display:flex;">(18)</div><div id="a199678_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.755px;top:196px;">1,011</div><div id="a199681" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:212.6px;">Cost of hedging, net of tax </div><div id="a199683_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:322.608px;top:212.6px;display:flex;">(13)</div><div id="a199689_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:662.848px;top:212.6px;display:flex;">(13)</div><div id="a199692" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:227.3px;">Total other comprehensive<div style="display:inline-block;width:3.77px"> </div>income that may be reclassified to<div style="display:inline-block;width:3.8px"> </div>the </div><div id="a199693" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:239.1px;">income statement, net of tax </div><div id="a199695_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:322.608px;top:239.5px;">971</div><div id="a199698_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:400.222px;top:239.5px;">1,254</div><div id="a199701_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:492.475px;top:239.5px;">928</div><div id="a199704_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:572.928px;top:239.5px;display:flex;">(988)</div><div id="a199707_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.755px;top:239.5px;">2,165</div><div id="a199716" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:264.6px;">Other comprehensive income that will not<div style="display:inline-block;width:3.89px"> </div>be reclassified to the </div><div id="a199717" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:276px;">income statement </div><div id="a199724" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:290.7px;">Defined benefit plans, net of tax </div><div id="a199726_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:322.608px;top:290.7px;display:flex;">(67)</div><div id="a199729_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:402.595px;top:290.7px;display:flex;">(107)</div><div id="a199732_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:497.715px;top:290.7px;">40</div><div id="a199735_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:587.595px;top:290.7px;">0</div><div id="a199738_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:658.115px;top:290.7px;display:flex;">(134)</div><div id="a199741" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:308.6px;">Own credit on financial liabilities designated at fair value,<div style="display:inline-block;width:4.37px"> </div>net of tax </div><div id="a199744_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:317.875px;top:308.6px;display:flex;">(293)</div><div id="a199750_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:658.115px;top:308.6px;display:flex;">(293)</div><div id="a199753" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:325.2px;">Total other comprehensive<div style="display:inline-block;width:3.77px"> </div>income that will not be reclassified to </div><div id="a199754" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:337px;">the income statement, net of tax </div><div id="a199756_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:317.875px;top:337px;display:flex;">(360)</div><div id="a199759_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:402.595px;top:337px;display:flex;">(107)</div><div id="a199762_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:497.715px;top:337px;">40</div><div id="a199765_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:587.595px;top:337px;">0</div><div id="a199768_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:658.115px;top:337px;display:flex;">(427)</div><div id="a199777" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:364.5px;">Total other comprehensive<div style="display:inline-block;width:3.77px"> </div>income </div><div id="a199779_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:322.608px;top:364.5px;">611</div><div id="a199782_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:400.222px;top:364.5px;">1,147</div><div id="a199785_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:492.475px;top:364.5px;">968</div><div id="a199788_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:572.928px;top:364.5px;display:flex;">(988)</div><div id="a199791_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.755px;top:364.5px;">1,738</div><div id="a199794" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:381.5px;">Total comprehensive<div style="display:inline-block;width:3.8px"> </div>income attributable to shareholders </div><div id="a199797_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:315.515px;top:381.5px;">5,451</div><div id="a199800_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:400.222px;top:381.5px;">3,015</div><div id="a199803_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:485.382px;top:381.5px;">3,556</div><div id="a199806_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:565.368px;top:381.5px;display:flex;">(4,088)</div><div id="a199809_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.755px;top:381.5px;">7,934</div><div id="a199818" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:415.5px;">Total comprehensive income attributable to<div style="display:inline-block;width:3.73px"> </div>non-controlling interests </div><div id="a199824_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:497.715px;top:421.7px;">36</div><div id="a199828_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.048px;top:421.7px;">36</div><div id="a199831" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:435.9px;">Total comprehensive<div style="display:inline-block;width:3.8px"> </div>income </div><div id="a199833_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:315.515px;top:435.9px;">5,451</div><div id="a199836_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:400.222px;top:435.9px;">3,015</div><div id="a199839_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:485.382px;top:435.9px;">3,592</div><div id="a199842_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:565.368px;top:435.9px;display:flex;">(4,088)</div><div id="a199845_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.755px;top:435.9px;">7,970</div><div id="a199848" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:451.4px;">1 Amounts presented<div style="display:inline-block;width:3.63px"> </div>for UBS AG<div style="display:inline-block;width:3.85px"> </div>standalone and UBS<div style="display:inline-block;width:3.64px"> </div>Switzerland AG<div style="display:inline-block;width:3.62px"> </div>standalone represent<div style="display:inline-block;width:3.63px"> </div>IFRS standalone<div style="display:inline-block;width:3.63px"> </div>information. Refer to<div style="display:inline-block;width:3.77px"> </div>the UBS AG<div style="display:inline-block;width:3.78px"> </div>standalone and UBS<div style="display:inline-block;width:3.64px"> </div>Switzerland AG<div style="display:inline-block;width:3.88px"> </div>standalone financial<div style="display:inline-block;width:3.64px"> </div>statements </div><div id="a199851" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:461.3px;">under “Complementary<div style="display:inline-block;width:3.94px"> </div>financial information”<div style="display:inline-block;width:4.42px"> </div>at ubs.com/investors<div style="display:inline-block;width:4.87px"> </div>for information<div style="display:inline-block;width:4.24px"> </div>prepared in<div style="display:inline-block;width:3.67px"> </div>accordance<div style="display:inline-block;width:3.48px"> </div>with Swiss<div style="display:inline-block;width:3.94px"> </div>GAAP.<div style="display:inline-block;width:11.8px"> </div>2 The<div style="display:inline-block;width:3.8px"> </div>”Other subsidiaries“<div style="display:inline-block;width:4.74px"> </div>column includes<div style="display:inline-block;width:3.77px"> </div>consolidated<div style="display:inline-block;width:3.45px"> </div>information<div style="display:inline-block;width:3.45px"> </div>for the<div style="display:inline-block;width:3.63px"> </div>UBS </div><div id="a199853" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:471.3px;">Americas Holding LLC,<div style="display:inline-block;width:3.61px"> </div>UBS Europe SE and UBS Asset<div style="display:inline-block;width:3.88px"> </div>Management AG significant<div style="display:inline-block;width:3.48px"> </div>sub-groups, as well<div style="display:inline-block;width:3.73px"> </div>as standalone information<div style="display:inline-block;width:3.46px"> </div>for other subsidiaries.</div></div></div></div><div id="TextBlockContainer1808" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:531px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1806_XBRL_TS_198354e5f6fd4b37bfc90d69d5bd5ec5" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1807" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:531px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a199898" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Supplemental guarantor consolidated<div style="display:inline-block;width:4.55px"> </div>statement of cash flows </div><div id="a199901" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:19.5px;">USD m </div><div id="a199903" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:402.115px;top:34.2px;">UBS AG</div><div id="a199904" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:430.968px;top:34.9px;">1</div><div id="a199906" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:502.915px;top:22.9px;">UBS </div><div id="a199908" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:459.368px;top:34.2px;">Switzerland AG</div><div id="a199909" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:515.208px;top:34.9px;">1</div><div id="a199911" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:578.128px;top:22.9px;">Other </div><div id="a199913" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:551.182px;top:34.2px;"><div style="display:inline-block;width:2.36px"> </div>subsidiaries</div><div id="a199915" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:595.155px;top:34.9px;">1</div><div id="a199917" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:649.568px;top:22.9px;">UBS AG </div><div id="a199919" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:627.355px;top:34.2px;">(consolidated) </div><div id="a199921" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:34.2px;">For the year ended<div style="display:inline-block;width:3.9px"> </div>31 December 2020 </div><div id="a199924" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:48.4px;">Net cash flow from / (used in) operating<div style="display:inline-block;width:4.33px"> </div>activities </div><div id="a199926_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:402.115px;top:48.4px;display:flex;">(14,883)</div><div id="a199929_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:491.528px;top:48.4px;">24,661</div><div id="a199932_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.982px;top:48.4px;">26,804</div><div id="a199935_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:48.4px;">36,581</div><div id="a199938" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:64.5px;">Cash flow from / (used in) investing activities </div><div id="a199944" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:81.1px;">Purchase of subsidiaries, associates and intangible assets </div><div id="a199946_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:429.075px;top:81.1px;">0</div><div id="a199949_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:508.115px;top:81.1px;display:flex;">(3)</div><div id="a199952_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:583.808px;top:81.1px;display:flex;">(43)</div><div id="a199955_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.795px;top:81.1px;display:flex;">(46)</div><div id="a199958" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:97.6px;">Disposal of subsidiaries, associates and intangible<div style="display:inline-block;width:3.99px"> </div>assets</div><div id="a199959" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:208.568px;top:98.3px;">2</div><div id="a199961_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:424.342px;top:97.6px;">14</div><div id="a199964_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.315px;top:97.6px;">0</div><div id="a199967_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:583.808px;top:97.6px;">660</div><div id="a199970_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.795px;top:97.6px;">674</div><div id="a199973" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:113.7px;">Purchase of property,<div style="display:inline-block;width:3.74px"> </div>equipment and software </div><div id="a199975_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:414.408px;top:113.7px;display:flex;">(714)</div><div id="a199978_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:498.648px;top:113.7px;display:flex;">(162)</div><div id="a199981_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:579.075px;top:113.7px;display:flex;">(697)</div><div id="a199984_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.462px;top:113.7px;display:flex;">(1,573)</div><div id="a199987" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:130.3px;">Disposal of property, equipment<div style="display:inline-block;width:3.88px"> </div>and software </div><div id="a199989_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:419.142px;top:130.3px;">361</div><div id="a199992_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.315px;top:130.3px;">0</div><div id="a199995_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:593.742px;top:130.3px;">3</div><div id="a199998_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.795px;top:130.3px;">364</div><div id="a200001" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:146.3px;">Purchase of financial assets measured at fair value through<div style="display:inline-block;width:4.39px"> </div>other comprehensive income </div><div id="a200004_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:419.142px;top:148.2px;display:flex;">(77)</div><div id="a200007_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.315px;top:148.2px;">0</div><div id="a200010_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.515px;top:148.2px;display:flex;">(6,213)</div><div id="a200013_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.462px;top:148.2px;display:flex;">(6,290)</div><div id="a200016" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:161px;">Disposal and redemption of financial assets measured at<div style="display:inline-block;width:3.83px"> </div>fair value through other comprehensive </div><div id="a200017" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:172.8px;">income </div><div id="a200019_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:424.342px;top:172.8px;">79</div><div id="a200022_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.315px;top:172.8px;">0</div><div id="a200025_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.715px;top:172.8px;">4,451</div><div id="a200028_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:172.8px;">4,530</div><div id="a200031" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:187.1px;">Net (purchase) / redemption of debt securities measured<div style="display:inline-block;width:3.75px"> </div>at amortized cost </div><div id="a200034_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:406.848px;top:187.1px;display:flex;">(3,021)</div><div id="a200037_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:503.382px;top:187.1px;">132</div><div id="a200040_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.515px;top:187.1px;display:flex;">(1,277)</div><div id="a200043_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.462px;top:187.1px;display:flex;">(4,166)</div><div id="a200046" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:202.2px;">Net cash flow from / (used in)<div style="display:inline-block;width:3.74px"> </div>investing activities </div><div id="a200048_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:406.848px;top:202.2px;display:flex;">(3,357)</div><div id="a200051_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:503.382px;top:202.2px;display:flex;">(33)</div><div id="a200054_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.515px;top:202.2px;display:flex;">(3,117)</div><div id="a200057_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.462px;top:202.2px;display:flex;">(6,506)</div><div id="a200060" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:218.7px;">Cash flow from / (used in) financing activities </div><div id="a200066" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:234.8px;">Net short-term debt issued / (repaid) </div><div id="a200070_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:234.8px;">23,828</div><div id="a200073_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:508.582px;top:234.8px;">17</div><div id="a200076_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:593.742px;top:234.8px;">0</div><div id="a200079_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:234.8px;">23,845</div><div id="a200082" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:251.4px;">Distributions paid on UBS AG shares </div><div id="a200084_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:406.848px;top:251.4px;display:flex;">(3,848)</div><div id="a200087_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.315px;top:251.4px;">0</div><div id="a200090_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:593.742px;top:251.4px;">0</div><div id="a200093_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.462px;top:251.4px;display:flex;">(3,848)</div><div id="a200096" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:267.5px;">Issuance of debt designated at fair value and long<div style="display:inline-block;width:1.4px"> </div>-term debt measured at amortized cost</div><div id="a200099" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:326.395px;top:268.1px;">3</div><div id="a200101_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:267.5px;">78,867</div><div id="a200104_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:496.288px;top:267.5px;">1,057</div><div id="a200107_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:583.808px;top:267.5px;">229</div><div id="a200110_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:267.5px;">80,153</div><div id="a200113" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:284px;">Repayment of debt designated at fair value and<div style="display:inline-block;width:3.87px"> </div>long-term debt measured at amortized cost</div><div id="a200117" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:335.848px;top:284.7px;">3</div><div id="a200119_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:402.115px;top:284px;display:flex;">(86,204)</div><div id="a200122_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:498.648px;top:284px;display:flex;">(776)</div><div id="a200125_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:579.075px;top:284px;display:flex;">(118)</div><div id="a200128_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:646.742px;top:284px;display:flex;">(87,099)</div><div id="a200131" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:300.1px;">Net cash flows from other financing activities </div><div id="a200133_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:414.408px;top:300.1px;display:flex;">(290)</div><div id="a200136_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.315px;top:300.1px;">0</div><div id="a200139_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:579.075px;top:300.1px;display:flex;">(263)</div><div id="a200142_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:659.062px;top:300.1px;display:flex;">(553)</div><div id="a200145" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:316.7px;">Net activity related to group internal capital transactions<div style="display:inline-block;width:3.78px"> </div>and dividends </div><div id="a200147_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.048px;top:316.7px;">2,984</div><div id="a200150_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:491.062px;top:316.7px;display:flex;">(1,307)</div><div id="a200153_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.515px;top:316.7px;display:flex;">(1,677)</div><div id="a200156_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:316.7px;">0</div><div id="a200159" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:332.3px;">Net cash flow from / (used in)<div style="display:inline-block;width:3.74px"> </div>financing activities </div><div id="a200161_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:332.3px;">15,336</div><div id="a200164_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:491.062px;top:332.3px;display:flex;">(1,009)</div><div id="a200167_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.515px;top:332.3px;display:flex;">(1,829)</div><div id="a200170_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:332.3px;">12,498</div><div id="a200178" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#000000;left:3.679px;top:363.8px;">Total<div style="display:inline-block;width:4.32px"> </div>cash flow </div><div id="a200184" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:379.1px;">Cash and cash equivalents at the beginning<div style="display:inline-block;width:4.16px"> </div>of the year </div><div id="a200186_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:379.1px;">39,598</div><div id="a200189_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:491.528px;top:379.1px;">62,551</div><div id="a200192_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.982px;top:379.1px;">17,655</div><div id="a200195_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:647.208px;top:379.1px;">119,804</div><div id="a200198" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:395.7px;">Net cash flow from / (used in) operating, investing<div style="display:inline-block;width:3.84px"> </div>and financing activities </div><div id="a200201_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:406.848px;top:395.7px;display:flex;">(2,905)</div><div id="a200204_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:491.528px;top:395.7px;">23,619</div><div id="a200207_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.982px;top:395.7px;">21,859</div><div id="a200210_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:395.7px;">42,573</div><div id="a200213" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:411.8px;">Effects of exchange rate differences on cash and<div style="display:inline-block;width:3.77px"> </div>cash equivalents </div><div id="a200215_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.048px;top:411.8px;">2,706</div><div id="a200218_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:496.288px;top:411.8px;">7,171</div><div id="a200221_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.715px;top:411.8px;">1,175</div><div id="a200224_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:411.8px;">11,053</div><div id="a200227" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:427.4px;">Cash and cash equivalents at the end<div style="display:inline-block;width:3.9px"> </div>of the year</div><div id="a200228" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:181.142px;top:428px;">4</div><div id="a200230_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:427.4px;">39,400</div><div id="a200233_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:491.528px;top:427.4px;">93,342</div><div id="a200236_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.982px;top:427.4px;">40,689</div><div id="a200239_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:647.208px;top:427.4px;">173,430</div><div id="a200242" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.664px;top:443.9px;">of which: cash and balances at central banks </div><div id="a200245_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:407.315px;top:443.9px;">34,283</div><div id="a200248_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:491.528px;top:443.9px;">91,638</div><div id="a200251_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:571.982px;top:443.9px;">32,167</div><div id="a200254_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:647.208px;top:443.9px;">158,088</div><div id="a200257" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.664px;top:460.5px;">of which: loans and advances to banks </div><div id="a200259_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:412.048px;top:460.5px;">4,085</div><div id="a200262_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:496.288px;top:460.5px;">1,695</div><div id="a200265_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:576.715px;top:460.5px;">8,148</div><div id="a200268_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:651.968px;top:460.5px;">13,928</div><div id="a200271" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.664px;top:476.6px;">of which: money market paper</div><div id="a200272" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;color:#000000;left:123.382px;top:477.2px;">5</div><div id="a200274_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:412.048px;top:476.6px;">1,032</div><div id="a200277_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:513.315px;top:476.6px;">9</div><div id="a200280_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:583.808px;top:476.6px;">374</div><div id="a200283_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:656.702px;top:476.6px;">1,415</div><div id="a200286" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:492.1px;">1 Cash flows generally<div style="display:inline-block;width:4.12px"> </div>represent a third<div style="display:inline-block;width:1.52px"> </div>-party view from<div style="display:inline-block;width:3.62px"> </div>a UBS AG consolidated<div style="display:inline-block;width:4.25px"> </div>perspective, except<div style="display:inline-block;width:3.94px"> </div>for Net activity<div style="display:inline-block;width:3.46px"> </div>related to group<div style="display:inline-block;width:3.94px"> </div>internal capital transactions<div style="display:inline-block;width:4.58px"> </div>and dividends.<div style="display:inline-block;width:10.51px"> </div>2 Includes cash<div style="display:inline-block;width:3.81px"> </div>proceeds from the </div><div id="a200292" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:502px;">sale of the majority stake<div style="display:inline-block;width:3.47px"> </div>in Fondcenter<div style="display:inline-block;width:3.63px"> </div>AG and dividends received<div style="display:inline-block;width:3.61px"> </div>from associates.<div style="display:inline-block;width:10.08px"> </div>3 Includes funding from<div style="display:inline-block;width:3.84px"> </div>UBS Group AG to<div style="display:inline-block;width:3.61px"> </div>UBS AG.<div style="display:inline-block;width:9.3px"> </div>4 Balances with an original<div style="display:inline-block;width:4.07px"> </div>maturity of three months<div style="display:inline-block;width:3.62px"> </div>or less. USD </div><div id="a200292_204_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:653.737px;top:502px;">3,828</div><div id="a200292_209_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:672.653px;top:502px;">m </div><div id="a200296" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:512.4px;">of cash and<div style="display:inline-block;width:3.96px"> </div>cash equivalents<div style="display:inline-block;width:4.57px"> </div>were restricted.<div style="display:inline-block;width:11.83px"> </div>5 Money<div style="display:inline-block;width:3.74px"> </div>market paper<div style="display:inline-block;width:3.95px"> </div>is included<div style="display:inline-block;width:3.62px"> </div>in the<div style="display:inline-block;width:4.1px"> </div>balance sheet<div style="display:inline-block;width:3.8px"> </div>under Financial<div style="display:inline-block;width:3.95px"> </div>assets at<div style="display:inline-block;width:3.79px"> </div>fair value<div style="display:inline-block;width:4.45px"> </div>held for trading,<div style="display:inline-block;width:4.58px"> </div>Financial assets<div style="display:inline-block;width:3.95px"> </div>measured at<div style="display:inline-block;width:3.79px"> </div>fair value<div style="display:inline-block;width:3.78px"> </div>through<div style="display:inline-block;width:3.46px"> </div>other </div><div id="a200300" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:522.4px;">comprehensive income,<div style="display:inline-block;width:3.6px"> </div>Financial assets at fair value<div style="display:inline-block;width:3.65px"> </div>not held for trading and Other<div style="display:inline-block;width:3.78px"> </div>financial assets measured<div style="display:inline-block;width:3.8px"> </div>at amortized cost.</div></div></div></div> -1400000000 4300000000 <div id="TextBlockContainer1769" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:428px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a195114" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Supplemental guarantor consolidated<div style="display:inline-block;width:4.55px"> </div>income statement </div><div id="a195120" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:19.1px;">USD m </div><div id="a195122" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:339.662px;top:27.6px;">UBS AG </div><div id="a195124" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:320.248px;top:39.4px;">(standalone)</div><div id="a195125" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:365.675px;top:40.1px;">1</div><div id="a195127" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:433.328px;top:15.8px;">UBS </div><div id="a195129" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.662px;top:27.6px;">Switzerland AG </div><div id="a195131" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:400.222px;top:39.4px;">(standalone)</div><div id="a195132" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:445.662px;top:40.1px;">1</div><div id="a195134" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:507.635px;top:27.6px;">Other<div style="display:inline-block;width:2.46px"> </div></div><div id="a195136" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:483.488px;top:39.4px;">subsidiaries</div><div id="a195137" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:525.608px;top:40.1px;">2</div><div id="a195139" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.528px;top:27.6px;">Elimination </div><div id="a195141" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:579.075px;top:39.4px;">entries </div><div id="a195143" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.568px;top:27.6px;">UBS AG </div><div id="a195145" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:627.355px;top:39.4px;">(consolidated) </div><div id="a195147" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:39.4px;">For the year ended<div style="display:inline-block;width:3.9px"> </div>31 December 2022 </div><div id="a195149" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:51.7px;">Interest income from financial instruments measured<div style="display:inline-block;width:3.76px"> </div>at amortized cost and </div><div id="a195150" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:63.1px;">fair value through other comprehensive<div style="display:inline-block;width:3.81px"> </div>income </div><div id="a195152_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:346.755px;top:63.1px;">4,824</div><div id="a195155_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.715px;top:63.1px;">3,894</div><div id="a195158_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.688px;top:63.1px;">4,661</div><div id="a195161_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.715px;top:63.1px;display:flex;">(1,575)</div><div id="a195164_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:63.1px;">11,803</div><div id="a195167" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:78.2px;">Interest expense from financial instruments measured<div style="display:inline-block;width:3.77px"> </div>at amortized cost </div><div id="a195170_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:342.022px;top:78.2px;display:flex;">(5,449)</div><div id="a195173_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:429.075px;top:78.2px;display:flex;">(736)</div><div id="a195176_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.968px;top:78.2px;display:flex;">(2,604)</div><div id="a195179_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:581.448px;top:78.2px;">2,093</div><div id="a195182_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:78.2px;display:flex;">(6,696)</div><div id="a195185" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:92.9px;">Net interest income from financial instruments measured<div style="display:inline-block;width:3.83px"> </div>at fair value through </div><div id="a195186" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:104.2px;">profit or loss and other </div><div id="a195188_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:353.848px;top:104.2px;">881</div><div id="a195191_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:433.808px;top:104.2px;">546</div><div id="a195194_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.782px;top:104.2px;">431</div><div id="a195197_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.808px;top:104.2px;display:flex;">(449)</div><div id="a195200_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:104.2px;">1,410</div><div id="a195203" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:118.4px;">Net interest income </div><div id="a195205_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:353.848px;top:118.4px;">257</div><div id="a195208_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.715px;top:118.4px;">3,704</div><div id="a195211_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.688px;top:118.4px;">2,488</div><div id="a195214_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:118.4px;">68</div><div id="a195217_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:118.4px;">6,517</div><div id="a195220" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:132.6px;">Other net income from financial instruments measured<div style="display:inline-block;width:3.73px"> </div>at fair value through </div><div id="a195221" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:144px;">profit or loss </div><div id="a195223_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:346.755px;top:144px;">5,541</div><div id="a195226_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:433.808px;top:144px;">900</div><div id="a195229_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.782px;top:144px;">940</div><div id="a195232_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:144px;">112</div><div id="a195235_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:144px;">7,493</div><div id="a195238" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:158.6px;">Fee and commission income </div><div id="a195240_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:346.755px;top:158.6px;">2,875</div><div id="a195243_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.715px;top:158.6px;">4,865</div><div id="a195246_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.968px;top:158.6px;">13,766</div><div id="a195249_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.808px;top:158.6px;display:flex;">(660)</div><div id="a195252_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:158.6px;">20,846</div><div id="a195255" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:175.2px;">Fee and commission expense </div><div id="a195257_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:349.128px;top:175.2px;display:flex;">(684)</div><div id="a195260_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:429.075px;top:175.2px;display:flex;">(464)</div><div id="a195263_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.968px;top:175.2px;display:flex;">(1,327)</div><div id="a195266_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:175.2px;">652</div><div id="a195269_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:175.2px;display:flex;">(1,823)</div><div id="a195272" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:190.8px;">Net fee and commission income </div><div id="a195274_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:346.755px;top:190.8px;">2,191</div><div id="a195277_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.715px;top:190.8px;">4,401</div><div id="a195280_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.968px;top:190.8px;">12,439</div><div id="a195283_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:190.8px;display:flex;">(8)</div><div id="a195286_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:190.8px;">19,023</div><div id="a195289" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:206.9px;">Other income </div><div id="a195291_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:346.755px;top:206.9px;">6,732</div><div id="a195294_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:433.808px;top:206.9px;">203</div><div id="a195297_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.688px;top:206.9px;">3,329</div><div id="a195300_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.715px;top:206.9px;display:flex;">(8,382)</div><div id="a195303_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:206.9px;">1,882</div><div id="a195306" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:223px;">Total revenues </div><div id="a195308_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:342.022px;top:223px;">14,721</div><div id="a195311_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.715px;top:223px;">9,208</div><div id="a195314_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.968px;top:223px;">19,197</div><div id="a195317_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.715px;top:223px;display:flex;">(8,210)</div><div id="a195320_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:223px;">34,915</div><div id="a195323" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:239.1px;">Credit loss expense / (release) </div><div id="a195325_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:354.328px;top:239.1px;display:flex;">(17)</div><div id="a195328_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:439.008px;top:239.1px;">50</div><div id="a195331_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.995px;top:239.1px;display:flex;">(3)</div><div id="a195334_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:593.742px;top:239.1px;display:flex;">(1)</div><div id="a195337_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:239.1px;">29</div><div id="a195340" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:255.6px;">Personnel expenses </div><div id="a195342_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:346.755px;top:255.6px;">3,251</div><div id="a195345_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.715px;top:255.6px;">1,995</div><div id="a195348_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.688px;top:255.6px;">9,835</div><div id="a195351_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.475px;top:255.6px;">0</div><div id="a195354_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:255.6px;">15,080</div><div id="a195357" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:271.7px;">General and administrative expenses </div><div id="a195359_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:346.755px;top:271.7px;">3,374</div><div id="a195362_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.715px;top:271.7px;">3,258</div><div id="a195365_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.688px;top:271.7px;">5,029</div><div id="a195368_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.715px;top:271.7px;display:flex;">(2,660)</div><div id="a195371_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:271.7px;">9,001</div><div id="a195374" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:288.3px;">Depreciation, amortization and impairment of non<div style="display:inline-block;width:1.5px"> </div>-financial assets </div><div id="a195378_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:353.848px;top:288.3px;">871</div><div id="a195381_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:433.808px;top:288.3px;">340</div><div id="a195384_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:513.782px;top:288.3px;">744</div><div id="a195387_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.808px;top:288.3px;display:flex;">(109)</div><div id="a195390_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:288.3px;">1,845</div><div id="a195393" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:303.9px;">Operating expenses </div><div id="a195395_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:346.755px;top:303.9px;">7,496</div><div id="a195398_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.715px;top:303.9px;">5,592</div><div id="a195401_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.968px;top:303.9px;">15,607</div><div id="a195404_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.715px;top:303.9px;display:flex;">(2,769)</div><div id="a195407_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:303.9px;">25,927</div><div id="a195410" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:320px;">Operating profit / (loss) before<div style="display:inline-block;width:3.73px"> </div>tax </div><div id="a195412_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:346.755px;top:320px;">7,242</div><div id="a195415_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.715px;top:320px;">3,566</div><div id="a195418_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.688px;top:320px;">3,592</div><div id="a195421_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.715px;top:320px;display:flex;">(5,440)</div><div id="a195424_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:320px;">8,960</div><div id="a195427" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:336.5px;">Tax expense / (benefit) </div><div id="a195429_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:354.328px;top:336.5px;display:flex;">(28)</div><div id="a195432_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:433.808px;top:336.5px;">638</div><div id="a195435_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.688px;top:336.5px;">1,083</div><div id="a195438_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:336.5px;">151</div><div id="a195441_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:336.5px;">1,844</div><div id="a195444" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:352.1px;">Net profit / (loss) </div><div id="a195446_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:346.755px;top:352.1px;">7,270</div><div id="a195449_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.715px;top:352.1px;">2,928</div><div id="a195452_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.688px;top:352.1px;">2,509</div><div id="a195455_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.715px;top:352.1px;display:flex;">(5,592)</div><div id="a195458_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:352.1px;">7,116</div><div id="a195461" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:368.7px;">Net profit / (loss) attributable to non-controlling<div style="display:inline-block;width:3.95px"> </div>interests </div><div id="a195466_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:363.782px;top:368.7px;">0</div><div id="a195469_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:443.768px;top:368.7px;">0</div><div id="a195472_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:518.995px;top:368.7px;">32</div><div id="a195475_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:598.475px;top:368.7px;">0</div><div id="a195478_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:368.7px;">32</div><div id="a195481" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:384.3px;">Net profit / (loss) attributable to shareholders </div><div id="a195483_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:346.755px;top:384.3px;">7,270</div><div id="a195486_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:426.715px;top:384.3px;">2,928</div><div id="a195489_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:506.688px;top:384.3px;">2,477</div><div id="a195492_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:576.715px;top:384.3px;display:flex;">(5,592)</div><div id="a195495_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:384.3px;">7,084</div><div id="a195498" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:399.3px;">1 Amounts presented<div style="display:inline-block;width:3.63px"> </div>for UBS AG<div style="display:inline-block;width:3.78px"> </div>standalone and<div style="display:inline-block;width:3.79px"> </div>UBS Switzerland AG<div style="display:inline-block;width:3.94px"> </div>standalone represent<div style="display:inline-block;width:3.63px"> </div>IFRS standalone<div style="display:inline-block;width:3.82px"> </div>information. Refer<div style="display:inline-block;width:3.62px"> </div>to the UBS AG<div style="display:inline-block;width:3.93px"> </div>standalone and<div style="display:inline-block;width:3.79px"> </div>UBS Switzerland AG<div style="display:inline-block;width:3.94px"> </div>standalone financial<div style="display:inline-block;width:4.11px"> </div>statements </div><div id="a195500" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:409.7px;">under “Complementary<div style="display:inline-block;width:5.36px"> </div>financial<div style="display:inline-block;width:4.26px"> </div>information”<div style="display:inline-block;width:3.62px"> </div>at ubs.com/investors<div style="display:inline-block;width:5.81px"> </div>for information<div style="display:inline-block;width:5.66px"> </div>prepared<div style="display:inline-block;width:3.63px"> </div>in accordance<div style="display:inline-block;width:5.21px"> </div>with<div style="display:inline-block;width:3.47px"> </div>Swiss<div style="display:inline-block;width:3.46px"> </div>GAAP.<div style="display:inline-block;width:14.64px"> </div>2<div style="display:inline-block;width:3.74px"> </div>The<div style="display:inline-block;width:3.79px"> </div>”Other<div style="display:inline-block;width:3.63px"> </div>subsidiaries“<div style="display:inline-block;width:4.16px"> </div>column<div style="display:inline-block;width:3.45px"> </div>includes<div style="display:inline-block;width:3.78px"> </div>consolidated<div style="display:inline-block;width:3.93px"> </div>information<div style="display:inline-block;width:3.92px"> </div>for the </div><div id="a195504" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:419.7px;">UBS Americas Holding LLC,<div style="display:inline-block;width:3.99px"> </div>UBS Europe SE and UBS Asset<div style="display:inline-block;width:3.82px"> </div>Management AG significant<div style="display:inline-block;width:3.48px"> </div>sub-groups, as well<div style="display:inline-block;width:3.76px"> </div>as standalone information<div style="display:inline-block;width:3.46px"> </div>for other subsidiaries.</div></div> 4824000000 3894000000 4661000000 -1575000000 11803000000 5449000000 736000000 2604000000 -2093000000 6696000000 881000000 546000000 431000000 -449000000 1410000000 257000000 3704000000 2488000000 68000000 6517000000 5541000000 900000000 940000000 112000000 7493000000 2875000000 4865000000 13766000000 -660000000 20846000000 684000000 464000000 1327000000 -652000000 1823000000 2191000000 4401000000 12439000000 -8000000 19023000000 6732000000 203000000 3329000000 -8382000000 1882000000 14721000000 9208000000 19197000000 -8210000000 34915000000 -17000000 50000000 -3000000 -1000000 29000000 3251000000 1995000000 9835000000 0 15080000000 3374000000 3258000000 5029000000 -2660000000 9001000000 871000000 340000000 744000000 -109000000 1845000000 7496000000 5592000000 15607000000 -2769000000 25927000000 7242000000 3566000000 3592000000 -5440000000 8960000000 -28000000 638000000 1083000000 151000000 1844000000 7270000000 2928000000 2509000000 -5592000000 7116000000 0 0 32000000 0 32000000 7270000000 2928000000 2477000000 -5592000000 7084000000 <div id="TextBlockContainer1773" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:475px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a195556" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Supplemental guarantor consolidated<div style="display:inline-block;width:4.55px"> </div>statement of comprehensive income </div><div id="a195558" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:19.5px;">USD m </div><div id="a195560" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:27.6px;">UBS AG </div><div id="a195562" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:289.982px;top:39.4px;">(standalone)</div><div id="a195563" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:335.382px;top:40.1px;">1</div><div id="a195565" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.262px;top:16.2px;">UBS </div><div id="a195567" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:367.568px;top:27.6px;">Switzerland AG </div><div id="a195569" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:375.128px;top:39.4px;">(standalone)</div><div id="a195570" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:420.568px;top:40.1px;">1</div><div id="a195572" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:487.275px;top:27.6px;">Other<div style="display:inline-block;width:2.49px"> </div></div><div id="a195574" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.155px;top:39.4px;">subsidiaries</div><div id="a195575" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:505.275px;top:40.1px;">2</div><div id="a195577" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:552.595px;top:27.6px;">Elimination </div><div id="a195579" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:569.155px;top:39.4px;">entries </div><div id="a195581" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.568px;top:27.6px;">UBS AG </div><div id="a195583" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:627.355px;top:39.4px;">(consolidated) </div><div id="a195585" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:39.4px;">For the year ended<div style="display:inline-block;width:3.9px"> </div>31 December 2022 </div><div id="a195593" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:68.3px;">Comprehensive income attributable to shareholders </div><div id="a195600" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:84.4px;">Net profit / (loss) </div><div id="a195602_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.462px;top:84.4px;">7,270</div><div id="a195605_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:84.4px;">2,928</div><div id="a195608_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:486.328px;top:84.4px;">2,477</div><div id="a195611_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:84.4px;display:flex;">(5,592)</div><div id="a195614_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:84.4px;">7,084</div><div id="a195623" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:112.3px;">Other comprehensive income </div><div id="a195630" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:127.4px;">Other comprehensive income that<div style="display:inline-block;width:3.87px"> </div>may be reclassified to the income </div><div id="a195632" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:139.3px;">statement </div><div id="a195639" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:155.3px;">Foreign currency translation, net<div style="display:inline-block;width:3.86px"> </div>of tax </div><div id="a195641_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:318.822px;top:155.3px;display:flex;">(114)</div><div id="a195644_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:404.008px;top:155.3px;display:flex;">(197)</div><div id="a195647_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:488.688px;top:155.3px;display:flex;">(506)</div><div id="a195650_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.608px;top:155.3px;">298</div><div id="a195653_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:659.062px;top:155.3px;display:flex;">(519)</div><div id="a195656" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:170px;">Financial assets measured at fair value through<div style="display:inline-block;width:4.15px"> </div>other comprehensive </div><div id="a195657" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:181.4px;">income, net of tax</div><div id="a195658" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:68.972px;top:182px;">3</div><div id="a195660_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:328.755px;top:181.4px;display:flex;">(3)</div><div id="a195663_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.675px;top:181.4px;">0</div><div id="a195666_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:503.382px;top:181.4px;">9</div><div id="a195669_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:181.4px;">0</div><div id="a195672_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:673.728px;top:181.4px;">6</div><div id="a195675" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:196px;">Cash flow hedges, net of tax </div><div id="a195678_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:197.9px;display:flex;">(2,791)</div><div id="a195681_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.915px;top:197.9px;display:flex;">(1,359)</div><div id="a195684_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:488.688px;top:197.9px;display:flex;">(631)</div><div id="a195687_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:579.075px;top:197.9px;display:flex;">(12)</div><div id="a195690_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:197.9px;display:flex;">(4,793)</div><div id="a195693" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:212.6px;">Cost of hedging, net of tax </div><div id="a195695_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:328.755px;top:212.6px;">45</div><div id="a195701_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:212.6px;">45</div><div id="a195704" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:227.3px;">Total other comprehensive<div style="display:inline-block;width:3.77px"> </div>income that may be reclassified to<div style="display:inline-block;width:3.8px"> </div>the </div><div id="a195705" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:239.1px;">income statement, net of tax </div><div id="a195707_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:239.1px;display:flex;">(2,863)</div><div id="a195710_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.915px;top:239.1px;display:flex;">(1,555)</div><div id="a195713_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:239.1px;display:flex;">(1,128)</div><div id="a195716_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.608px;top:239.1px;">286</div><div id="a195719_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:239.1px;display:flex;">(5,260)</div><div id="a195728" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:264.2px;">Other comprehensive income that will not<div style="display:inline-block;width:3.89px"> </div>be reclassified to the </div><div id="a195730" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:275.5px;">income statement </div><div id="a195737" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:290.7px;">Defined benefit plans, net of tax </div><div id="a195739_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:323.555px;top:290.7px;">170</div><div id="a195742_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:404.008px;top:290.7px;display:flex;">(112)</div><div id="a195745_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:498.648px;top:290.7px;">23</div><div id="a195748_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:290.7px;">0</div><div id="a195751_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:290.7px;">81</div><div id="a195754" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:307.2px;">Own credit on financial liabilities designated at fair value,<div style="display:inline-block;width:4.37px"> </div>net of tax </div><div id="a195756_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:323.555px;top:308.6px;">796</div><div id="a195762_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:308.6px;">796</div><div id="a195765" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:321.9px;">Total other comprehensive<div style="display:inline-block;width:3.77px"> </div>income that will not be reclassified to the </div><div id="a195767" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:333.7px;">income statement, net of tax </div><div id="a195769_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:323.555px;top:334.2px;">966</div><div id="a195772_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:404.008px;top:334.2px;display:flex;">(112)</div><div id="a195775_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:498.648px;top:334.2px;">23</div><div id="a195778_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:334.2px;">0</div><div id="a195781_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:334.2px;">877</div><div id="a195790" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:359.7px;">Total other comprehensive<div style="display:inline-block;width:3.77px"> </div>income </div><div id="a195792_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:359.7px;display:flex;">(1,897)</div><div id="a195795_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.915px;top:359.7px;display:flex;">(1,667)</div><div id="a195798_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:359.7px;display:flex;">(1,104)</div><div id="a195801_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.608px;top:359.7px;">286</div><div id="a195804_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:359.7px;display:flex;">(4,383)</div><div id="a195807" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:376.7px;">Total comprehensive<div style="display:inline-block;width:3.8px"> </div>income attributable to shareholders </div><div id="a195810_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.462px;top:376.7px;">5,373</div><div id="a195813_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:376.7px;">1,261</div><div id="a195816_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:486.328px;top:376.7px;">1,373</div><div id="a195819_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:376.7px;display:flex;">(5,306)</div><div id="a195822_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:376.7px;">2,701</div><div id="a195831" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:407px;">Total comprehensive income attributable to<div style="display:inline-block;width:3.73px"> </div>non-controlling interests </div><div id="a195837_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:498.648px;top:407px;">18</div><div id="a195841_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.995px;top:407px;">18</div><div id="a195844" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:421.2px;">Total comprehensive<div style="display:inline-block;width:3.8px"> </div>income </div><div id="a195846_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.462px;top:421.2px;">5,373</div><div id="a195849_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:421.2px;">1,261</div><div id="a195852_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:486.328px;top:421.2px;">1,391</div><div id="a195855_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:421.2px;display:flex;">(5,306)</div><div id="a195858_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:421.2px;">2,719</div><div id="a195861" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:436.3px;">1 Amounts presented<div style="display:inline-block;width:3.63px"> </div>for UBS AG<div style="display:inline-block;width:3.78px"> </div>standalone and<div style="display:inline-block;width:3.79px"> </div>UBS Switzerland<div style="display:inline-block;width:3.44px"> </div>AG standalone<div style="display:inline-block;width:3.46px"> </div>represent IFRS<div style="display:inline-block;width:3.63px"> </div>standalone information.<div style="display:inline-block;width:3.61px"> </div>Refer to the<div style="display:inline-block;width:3.79px"> </div>UBS AG standalone<div style="display:inline-block;width:4.25px"> </div>and UBS Switzerland<div style="display:inline-block;width:3.8px"> </div>AG standalone<div style="display:inline-block;width:3.72px"> </div>financial statements </div><div id="a195864" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:446.2px;">under “Complementary<div style="display:inline-block;width:3.94px"> </div>financial information”<div style="display:inline-block;width:4.89px"> </div>at ubs.com/investors<div style="display:inline-block;width:4.39px"> </div>for information<div style="display:inline-block;width:4.71px"> </div>prepared in<div style="display:inline-block;width:3.48px"> </div>accordance<div style="display:inline-block;width:3.48px"> </div>with Swiss<div style="display:inline-block;width:4.16px"> </div>GAAP.<div style="display:inline-block;width:11.8px"> </div>2 The<div style="display:inline-block;width:4.28px"> </div>”Other subsidiaries“<div style="display:inline-block;width:4.27px"> </div>column includes<div style="display:inline-block;width:4.24px"> </div>consolidated information<div style="display:inline-block;width:4.38px"> </div>for the<div style="display:inline-block;width:4.1px"> </div>UBS </div><div id="a195866" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:456.6px;">Americas Holding<div style="display:inline-block;width:3.92px"> </div>LLC, UBS<div style="display:inline-block;width:3.54px"> </div>Europe SE<div style="display:inline-block;width:3.48px"> </div>and UBS<div style="display:inline-block;width:3.79px"> </div>Asset Management<div style="display:inline-block;width:3.95px"> </div>AG significant<div style="display:inline-block;width:4.57px"> </div>sub-groups, as<div style="display:inline-block;width:3.63px"> </div>well as<div style="display:inline-block;width:4.1px"> </div>standalone information<div style="display:inline-block;width:4.24px"> </div>for other<div style="display:inline-block;width:3.46px"> </div>subsidiaries.<div style="display:inline-block;width:11.19px"> </div>3 Effective<div style="display:inline-block;width:4.44px"> </div>1 April 2022,<div style="display:inline-block;width:4.32px"> </div>a portfolio<div style="display:inline-block;width:3.92px"> </div>of assets previously </div><div id="a195872" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:466.5px;">classified as Financial assets<div style="display:inline-block;width:3.49px"> </div>measured at fair value through<div style="display:inline-block;width:4.11px"> </div>other comprehensive income was<div style="display:inline-block;width:3.6px"> </div>reclassified to Other financial<div style="display:inline-block;width:4.2px"> </div>assets measured at amortized<div style="display:inline-block;width:4.11px"> </div>cost. Refer to Note 1b for<div style="display:inline-block;width:3.64px"> </div>more information.</div></div> 7270000000 2928000000 2477000000 -5592000000 7084000000 -114000000 -197000000 -506000000 298000000 -519000000 -3000000 0 9000000 0 6000000 -2791000000 -1359000000 -631000000 -12000000 -4793000000 45000000 45000000 -2863000000 -1555000000 -1128000000 286000000 -5260000000 170000000 -112000000 23000000 0 81000000 796000000 796000000 966000000 -112000000 23000000 0 877000000 -1897000000 -1667000000 -1104000000 286000000 -4383000000 5373000000 1261000000 1373000000 -5306000000 2701000000 18000000 18000000 5373000000 1261000000 1391000000 -5306000000 2719000000 <div id="TextBlockContainer1778" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:817px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1776_XBRL_TS_31e2246886864ce4b75de889a99e674f" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1777" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:817px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a195914" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Supplemental guarantor consolidated<div style="display:inline-block;width:4.55px"> </div>balance sheet </div><div id="a195916" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:19.5px;">USD m </div><div id="a195918" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:309.368px;top:27.6px;">UBS AG </div><div id="a195920" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:289.982px;top:39.4px;">(standalone)</div><div id="a195921" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:335.382px;top:40.1px;">1</div><div id="a195923" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.262px;top:16.2px;">UBS </div><div id="a195925" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:367.568px;top:27.6px;">Switzerland AG </div><div id="a195927" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:375.128px;top:39.4px;">(standalone)</div><div id="a195928" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:420.568px;top:40.1px;">1</div><div id="a195930" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:487.275px;top:27.6px;">Other<div style="display:inline-block;width:2.49px"> </div></div><div id="a195932" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:463.155px;top:39.4px;">subsidiaries</div><div id="a195933" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:505.275px;top:40.1px;">2</div><div id="a195935" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:552.595px;top:27.6px;">Elimination </div><div id="a195937" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:569.155px;top:39.4px;">entries </div><div id="a195939" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:649.568px;top:27.6px;">UBS AG </div><div id="a195941" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:627.355px;top:39.4px;">(consolidated) </div><div id="a195943" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:39.4px;">As of 31 December 2022 </div><div id="a195945" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:53.6px;">Assets </div><div id="a195952" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:69.7px;">Cash and balances at central banks </div><div id="a195954_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:69.7px;">48,689</div><div id="a195957_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.915px;top:69.7px;">84,465</div><div id="a195960_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:69.7px;">36,291</div><div id="a195963_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:69.7px;">0</div><div id="a195966_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:69.7px;">169,445</div><div id="a195969" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:86.3px;">Loans and advances to banks </div><div id="a195971_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:86.3px;">39,691</div><div id="a195974_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:86.3px;">6,357</div><div id="a195977_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:86.3px;">19,063</div><div id="a195980_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:86.3px;display:flex;">(50,441)</div><div id="a195983_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:86.3px;">14,671</div><div id="a195986" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:100.9px;">Receivables from securities financing transactions<div style="display:inline-block;width:4.08px"> </div>measured at </div><div id="a195988" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:112.8px;">amortized cost </div><div id="a195990_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:106.6px;">51,493</div><div id="a195993_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.742px;top:106.6px;">903</div><div id="a195996_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:106.6px;">34,110</div><div id="a195999_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:106.6px;display:flex;">(18,691)</div><div id="a196002_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:106.6px;">67,814</div><div id="a196005" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:127.4px;">Cash collateral receivables on derivative<div style="display:inline-block;width:3.86px"> </div>instruments </div><div id="a196007_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:127.4px;">35,594</div><div id="a196010_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:127.4px;">1,221</div><div id="a196013_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:127.4px;">10,074</div><div id="a196016_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:127.4px;display:flex;">(11,856)</div><div id="a196019_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:127.4px;">35,033</div><div id="a196022" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:143.5px;">Loans and advances to customers </div><div id="a196024_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:143.5px;">90,168</div><div id="a196027_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.182px;top:143.5px;">229,861</div><div id="a196030_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.875px;top:143.5px;">101,231</div><div id="a196033_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:143.5px;display:flex;">(31,233)</div><div id="a196036_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:143.5px;">390,027</div><div id="a196039" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:160.1px;">Other financial assets measured at amortized cost </div><div id="a196041_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:160.1px;">24,005</div><div id="a196044_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:160.1px;">9,532</div><div id="a196047_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:160.1px;">21,880</div><div id="a196050_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:160.1px;display:flex;">(2,029)</div><div id="a196053_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:160.1px;">53,389</div><div id="a196056" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:175.2px;">Total financial assets<div style="display:inline-block;width:3.87px"> </div>measured at amortized cost </div><div id="a196058_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.995px;top:175.2px;">289,641</div><div id="a196061_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.182px;top:175.2px;">332,339</div><div id="a196064_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.875px;top:175.2px;">222,649</div><div id="a196067_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:557.328px;top:175.2px;display:flex;">(114,250)</div><div id="a196070_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:175.2px;">730,379</div><div id="a196073" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:190.4px;">Financial assets at fair value held for trading </div><div id="a196075_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:190.4px;">95,810</div><div id="a196078_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.742px;top:190.4px;">173</div><div id="a196081_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:190.4px;">13,899</div><div id="a196084_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:190.4px;display:flex;">(1,848)</div><div id="a196087_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:190.4px;">108,034</div><div id="a196090" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.664px;top:205px;">of which: assets pledged as collateral that may be </div><div id="a196092" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.664px;top:216.8px;">sold or repledged by counterparties </div><div id="a196094_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:311.728px;top:216.8px;">41,056</div><div id="a196097_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:418.675px;top:216.8px;">0</div><div id="a196100_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:486.328px;top:216.8px;">5,578</div><div id="a196103_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:566.782px;top:216.8px;display:flex;">(9,892)</div><div id="a196106_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:651.968px;top:216.8px;">36,742</div><div id="a196109" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:231.5px;">Derivative financial instruments </div><div id="a196111_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.995px;top:231.5px;">149,447</div><div id="a196114_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:231.5px;">5,925</div><div id="a196117_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:231.5px;">35,106</div><div id="a196120_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:231.5px;display:flex;">(40,368)</div><div id="a196123_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:231.5px;">150,109</div><div id="a196126" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:247.6px;">Brokerage receivables </div><div id="a196128_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.462px;top:247.6px;">9,763</div><div id="a196131_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.675px;top:247.6px;">0</div><div id="a196134_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:486.328px;top:247.6px;">7,814</div><div id="a196137_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:247.6px;">0</div><div id="a196140_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:247.6px;">17,576</div><div id="a196143" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:264.2px;">Financial assets at fair value not held for trading </div><div id="a196145_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:264.2px;">45,302</div><div id="a196148_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:264.2px;">4,354</div><div id="a196151_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:264.2px;">26,843</div><div id="a196154_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:264.2px;display:flex;">(17,091)</div><div id="a196157_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:264.2px;">59,408</div><div id="a196160" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:280.2px;">Total financial assets<div style="display:inline-block;width:3.87px"> </div>measured at fair value through profit or<div style="display:inline-block;width:3.73px"> </div>loss </div><div id="a196162_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.995px;top:280.2px;">300,321</div><div id="a196165_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.915px;top:280.2px;">10,453</div><div id="a196168_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:280.2px;">83,661</div><div id="a196171_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:280.2px;display:flex;">(59,308)</div><div id="a196174_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:280.2px;">335,127</div><div id="a196177" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:294.9px;">Financial assets measured at<div style="display:inline-block;width:3.79px"> </div>fair value<div style="display:inline-block;width:2.45px"> </div></div><div id="a196179" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:306.3px;">through other comprehensive income </div><div id="a196181_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.462px;top:306.3px;">1,953</div><div id="a196184_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.675px;top:306.3px;">0</div><div id="a196187_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:493.422px;top:306.3px;">286</div><div id="a196190_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:306.3px;">0</div><div id="a196193_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:306.3px;">2,239</div><div id="a196196" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:320.4px;">Investments in subsidiaries and associates </div><div id="a196198_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:320.4px;">54,323</div><div id="a196201_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:413.942px;top:320.4px;">33</div><div id="a196204_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:503.382px;top:320.4px;">0</div><div id="a196207_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:320.4px;display:flex;">(53,255)</div><div id="a196210_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:320.4px;">1,101</div><div id="a196213" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:336.5px;">Property, equipment<div style="display:inline-block;width:3.88px"> </div>and software </div><div id="a196215_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.462px;top:336.5px;">5,852</div><div id="a196218_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:336.5px;">1,654</div><div id="a196221_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:486.328px;top:336.5px;">4,077</div><div id="a196224_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.875px;top:336.5px;display:flex;">(267)</div><div id="a196227_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:336.5px;">11,316</div><div id="a196230" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:353.1px;">Goodwill and intangible assets </div><div id="a196232_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:323.555px;top:353.1px;">213</div><div id="a196235_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.675px;top:353.1px;">0</div><div id="a196238_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:486.328px;top:353.1px;">6,050</div><div id="a196241_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:353.1px;">5</div><div id="a196244_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:353.1px;">6,267</div><div id="a196247" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:369.2px;">Deferred tax assets </div><div id="a196249_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.462px;top:369.2px;">1,624</div><div id="a196252_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.742px;top:369.2px;">276</div><div id="a196255_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:486.328px;top:369.2px;">7,470</div><div id="a196258_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:579.075px;top:369.2px;display:flex;">(16)</div><div id="a196261_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:369.2px;">9,354</div><div id="a196264" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:385.7px;">Other non-financial assets </div><div id="a196268_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.462px;top:385.7px;">6,930</div><div id="a196271_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:385.7px;">1,768</div><div id="a196274_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:493.422px;top:385.7px;">951</div><div id="a196277_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:385.7px;">4</div><div id="a196280_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:385.7px;">9,652</div><div id="a196283" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:401.3px;">Total assets </div><div id="a196285_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.995px;top:401.3px;">660,856</div><div id="a196288_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.182px;top:401.3px;">346,522</div><div id="a196291_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.875px;top:401.3px;">325,144</div><div id="a196294_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:557.328px;top:401.3px;display:flex;">(227,087)</div><div id="a196297_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:640.115px;top:401.3px;">1,105,436</div><div id="a196300" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:417.9px;">Liabilities </div><div id="a196307" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:434px;">Amounts due to banks<div style="display:inline-block;width:3.11px"> </div></div><div id="a196309_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:434px;">41,395</div><div id="a196312_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.915px;top:434px;">37,123</div><div id="a196315_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:434px;">51,555</div><div id="a196318_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:557.328px;top:434px;display:flex;">(118,477)</div><div id="a196321_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:434px;">11,596</div><div id="a196324" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:448.7px;">Payables from securities financing<div style="display:inline-block;width:3.7px"> </div>transactions measured at </div><div id="a196325" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:460.5px;">amortized cost </div><div id="a196327_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.462px;top:454.8px;">9,425</div><div id="a196330_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.742px;top:454.8px;">247</div><div id="a196333_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:454.8px;">13,303</div><div id="a196336_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:454.8px;display:flex;">(18,774)</div><div id="a196339_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:454.8px;">4,202</div><div id="a196342" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:475.1px;">Cash collateral payables on derivative instruments </div><div id="a196345_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:475.1px;">35,528</div><div id="a196348_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:475.1px;">1,518</div><div id="a196351_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:475.1px;">11,191</div><div id="a196354_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:475.1px;display:flex;">(11,800)</div><div id="a196357_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:475.1px;">36,436</div><div id="a196360" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:491.7px;">Customer deposits </div><div id="a196362_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:491.7px;">98,628</div><div id="a196365_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.182px;top:491.7px;">273,316</div><div id="a196368_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.875px;top:491.7px;">132,619</div><div id="a196371_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:491.7px;">22,608</div><div id="a196374_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:491.7px;">527,171</div><div id="a196377" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:507.8px;">Funding from UBS Group AG<div style="display:inline-block;width:3.57px"> </div></div><div id="a196379_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:507.8px;">56,147</div><div id="a196382_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.675px;top:507.8px;">0</div><div id="a196386_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:507.8px;">0</div><div id="a196389_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:507.8px;">56,147</div><div id="a196392" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:524.4px;">Debt issued measured at amortized cost </div><div id="a196394_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:524.4px;">50,706</div><div id="a196397_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:524.4px;">8,965</div><div id="a196400_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:503.382px;top:524.4px;">1</div><div id="a196403_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.875px;top:524.4px;display:flex;">(173)</div><div id="a196406_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:524.4px;">59,499</div><div id="a196409" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:540.4px;">Other financial liabilities measured at amortized cost </div><div id="a196412_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.462px;top:540.4px;">4,903</div><div id="a196415_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:540.4px;">2,221</div><div id="a196418_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:486.328px;top:540.4px;">5,554</div><div id="a196421_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:540.4px;display:flex;">(2,287)</div><div id="a196424_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:540.4px;">10,391</div><div id="a196427" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:555.6px;">Total financial liabilities measured<div style="display:inline-block;width:3.9px"> </div>at amortized cost </div><div id="a196429_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.995px;top:555.6px;">296,733</div><div id="a196432_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.182px;top:555.6px;">323,391</div><div id="a196435_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.875px;top:555.6px;">214,222</div><div id="a196438_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:557.328px;top:555.6px;display:flex;">(128,903)</div><div id="a196441_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:555.6px;">705,442</div><div id="a196444" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:570.7px;">Financial liabilities at fair value held for trading </div><div id="a196446_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:570.7px;">25,059</div><div id="a196449_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.742px;top:570.7px;">183</div><div id="a196452_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:486.328px;top:570.7px;">5,843</div><div id="a196455_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:570.7px;display:flex;">(1,570)</div><div id="a196458_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:570.7px;">29,515</div><div id="a196461" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:587.3px;">Derivative financial instruments </div><div id="a196463_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.995px;top:587.3px;">153,778</div><div id="a196466_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:587.3px;">6,177</div><div id="a196469_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:587.3px;">35,314</div><div id="a196472_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:587.3px;display:flex;">(40,363)</div><div id="a196475_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:587.3px;">154,906</div><div id="a196478" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:603.4px;">Brokerage payables designated at<div style="display:inline-block;width:4.03px"> </div>fair value </div><div id="a196480_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:603.4px;">32,346</div><div id="a196483_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.675px;top:603.4px;">0</div><div id="a196486_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:603.4px;">12,746</div><div id="a196489_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.808px;top:603.4px;display:flex;">(7)</div><div id="a196492_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:603.4px;">45,085</div><div id="a196495" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:620.4px;">Debt issued designated at fair value </div><div id="a196497_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:620.4px;">71,444</div><div id="a196500_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.675px;top:620.4px;">0</div><div id="a196503_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:493.422px;top:620.4px;">508</div><div id="a196506_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:573.875px;top:620.4px;display:flex;">(110)</div><div id="a196509_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:620.4px;">71,842</div><div id="a196512" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:637.4px;">Other financial liabilities designated at fair value </div><div id="a196514_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:637.4px;">17,888</div><div id="a196517_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:418.675px;top:637.4px;">0</div><div id="a196520_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:637.4px;">17,074</div><div id="a196523_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.782px;top:637.4px;display:flex;">(2,928)</div><div id="a196526_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:637.4px;">32,033</div><div id="a196529" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:653.5px;">Total financial liabilities measured<div style="display:inline-block;width:3.9px"> </div>at fair value through profit or<div style="display:inline-block;width:3.84px"> </div>loss </div><div id="a196531_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.995px;top:653.5px;">300,514</div><div id="a196534_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:653.5px;">6,360</div><div id="a196537_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:653.5px;">71,484</div><div id="a196540_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:653.5px;display:flex;">(44,977)</div><div id="a196543_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:647.208px;top:653.5px;">333,382</div><div id="a196546" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:669.6px;">Provisions </div><div id="a196548_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.462px;top:669.6px;">1,904</div><div id="a196551_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:408.742px;top:669.6px;">239</div><div id="a196554_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:486.328px;top:669.6px;">1,041</div><div id="a196557_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.808px;top:669.6px;display:flex;">(2)</div><div id="a196560_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:669.6px;">3,183</div><div id="a196563" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:685.7px;">Other non-financial liabilities </div><div id="a196567_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:316.462px;top:685.7px;">1,630</div><div id="a196570_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.648px;top:685.7px;">1,019</div><div id="a196573_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:486.328px;top:685.7px;">3,742</div><div id="a196576_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.808px;top:685.7px;">98</div><div id="a196579_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:656.702px;top:685.7px;">6,489</div><div id="a196582" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:701.8px;">Total liabilities </div><div id="a196584_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.995px;top:701.8px;">600,782</div><div id="a196587_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.182px;top:701.8px;">331,009</div><div id="a196590_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.875px;top:701.8px;">290,490</div><div id="a196593_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:557.328px;top:701.8px;display:flex;">(173,785)</div><div id="a196596_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:640.115px;top:701.8px;">1,048,496</div><div id="a196605" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:725.4px;">Equity attributable to shareholders </div><div id="a196607_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:725.4px;">60,075</div><div id="a196610_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.915px;top:725.4px;">15,513</div><div id="a196613_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:725.4px;">34,313</div><div id="a196616_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:725.4px;display:flex;">(53,303)</div><div id="a196619_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:725.4px;">56,598</div><div id="a196622" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:740.6px;">Equity attributable to non-controlling<div style="display:inline-block;width:3.71px"> </div>interests </div><div id="a196629_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:493.422px;top:740.6px;">342</div><div id="a196632_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.542px;top:740.6px;">0</div><div id="a196635_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:663.795px;top:740.6px;">342</div><div id="a196638" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:756.2px;">Total equity </div><div id="a196640_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:311.728px;top:756.2px;">60,075</div><div id="a196643_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:396.915px;top:756.2px;">15,513</div><div id="a196646_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:481.595px;top:756.2px;">34,655</div><div id="a196649_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:562.062px;top:756.2px;display:flex;">(53,303)</div><div id="a196652_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:651.968px;top:756.2px;">56,940</div><div id="a196655" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:772.7px;">Total liabilities and<div style="display:inline-block;width:3.75px"> </div>equity </div><div id="a196657_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:306.995px;top:772.7px;">660,856</div><div id="a196660_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:392.182px;top:772.7px;">346,522</div><div id="a196663_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:476.875px;top:772.7px;">325,144</div><div id="a196666_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:557.328px;top:772.7px;display:flex;">(227,087)</div><div id="a196669_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:640.115px;top:772.7px;">1,105,436</div><div id="a196672" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:787.7px;">1 Amounts presented for<div style="display:inline-block;width:3.94px"> </div>UBS AG standalone<div style="display:inline-block;width:3.78px"> </div>and UBS Switzerland<div style="display:inline-block;width:3.96px"> </div>AG standalone<div style="display:inline-block;width:3.46px"> </div>represent IFRS<div style="display:inline-block;width:3.64px"> </div>standalone information.<div style="display:inline-block;width:3.61px"> </div>Refer to the UBS<div style="display:inline-block;width:3.64px"> </div>AG standalone<div style="display:inline-block;width:3.46px"> </div>and UBS Switzerland<div style="display:inline-block;width:3.8px"> </div>AG standalone<div style="display:inline-block;width:3.72px"> </div>financial statements, </div><div id="a196675" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:798.2px;">available under “Complementary<div style="display:inline-block;width:3.47px"> </div>financial information”<div style="display:inline-block;width:3.47px"> </div>at ubs.com/investors,<div style="display:inline-block;width:3.61px"> </div>for information prepared<div style="display:inline-block;width:3.46px"> </div>in accordance with Swiss<div style="display:inline-block;width:3.55px"> </div>GAAP.<div style="display:inline-block;width:9.91px"> </div>2 The ”Other subsidiaries“<div style="display:inline-block;width:3.66px"> </div>column includes consolidated<div style="display:inline-block;width:3.76px"> </div>information for the </div><div id="a196677" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:808.1px;">UBS Americas Holding LLC,<div style="display:inline-block;width:3.93px"> </div>UBS Europe SE and UBS Asset<div style="display:inline-block;width:3.81px"> </div>Management AG significant<div style="display:inline-block;width:3.48px"> </div>sub-groups, as well<div style="display:inline-block;width:3.83px"> </div>as standalone information<div style="display:inline-block;width:3.46px"> </div>for other subsidiaries.</div></div></div></div> 48689000000 84465000000 36291000000 0 169445000000 39691000000 6357000000 19063000000 -50441000000 14671000000 51493000000 903000000 34110000000 -18691000000 67814000000 35594000000 1221000000 10074000000 -11856000000 35033000000 90168000000 229861000000 101231000000 -31233000000 390027000000 24005000000 9532000000 21880000000 -2029000000 53389000000 289641000000 332339000000 222649000000 -114250000000 730379000000 95810000000 173000000 13899000000 -1848000000 108034000000 41056000000 0 5578000000 -9892000000 36742000000 149447000000 5925000000 35106000000 -40368000000 150109000000 9763000000 0 7814000000 0 17576000000 45302000000 4354000000 26843000000 -17091000000 59408000000 300321000000 10453000000 83661000000 -59308000000 335127000000 1953000000 0 286000000 0 2239000000 54323000000 33000000 0 -53255000000 1101000000 5852000000 1654000000 4077000000 -267000000 11316000000 213000000 0 6050000000 5000000 6267000000 1624000000 276000000 7470000000 -16000000 9354000000 6930000000 1768000000 951000000 4000000 9652000000 660856000000 346522000000 325144000000 -227087000000 1105436000000 41395000000 37123000000 51555000000 -118477000000 11596000000 9425000000 247000000 13303000000 -18774000000 4202000000 35528000000 1518000000 11191000000 -11800000000 36436000000 98628000000 273316000000 132619000000 22608000000 527171000000 56147000000 0 0 56147000000 50706000000 8965000000 1000000 -173000000 59499000000 4903000000 2221000000 5554000000 -2287000000 10391000000 296733000000 323391000000 214222000000 -128903000000 705442000000 25059000000 183000000 5843000000 -1570000000 29515000000 153778000000 6177000000 35314000000 -40363000000 154906000000 32346000000 0 12746000000 -7000000 45085000000 71444000000 0 508000000 -110000000 71842000000 17888000000 0 17074000000 -2928000000 32033000000 300514000000 6360000000 71484000000 -44977000000 333382000000 1904000000 239000000 1041000000 -2000000 3183000000 1630000000 1019000000 3742000000 98000000 6489000000 600782000000 331009000000 290490000000 -173785000000 1048496000000 60075000000 15513000000 34313000000 -53303000000 56598000000 342000000 0 342000000 60075000000 15513000000 34655000000 -53303000000 56940000000 660856000000 346522000000 325144000000 -227087000000 1105436000000 <div id="TextBlockContainer1780" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:692px;height:539px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a196720" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Supplemental guarantor consolidated<div style="display:inline-block;width:4.55px"> </div>statement of cash flows </div><div id="a196722" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:19.5px;">USD m </div><div id="a196724" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:400.702px;top:34.2px;">UBS AG</div><div id="a196725" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:429.542px;top:34.9px;">1</div><div id="a196727" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:501.968px;top:22.9px;">UBS </div><div id="a196729" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:457.955px;top:34.2px;">Switzerland AG</div><div id="a196730" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:514.262px;top:34.9px;">1</div><div id="a196732" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:577.195px;top:22.9px;">Other </div><div id="a196734" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:550.235px;top:34.2px;"><div style="display:inline-block;width:2.84px"> </div>subsidiaries</div><div id="a196736" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;left:594.688px;top:34.9px;">1</div><div id="a196738" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:648.635px;top:22.9px;">UBS AG </div><div id="a196740" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:626.408px;top:34.2px;">(consolidated) </div><div id="a196742" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:34.2px;">For the year ended<div style="display:inline-block;width:3.9px"> </div>31 December 2022 </div><div id="a196745" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:48.4px;">Net cash flow from / (used in) operating<div style="display:inline-block;width:4.33px"> </div>activities </div><div id="a196747_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.902px;top:48.4px;">17,286</div><div id="a196750_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.582px;top:48.4px;display:flex;">(1,165)</div><div id="a196753_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.035px;top:48.4px;display:flex;">(5,491)</div><div id="a196756_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:650.995px;top:48.4px;">10,630</div><div id="a196759" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:64.5px;">Cash flow from / (used in) investing activities </div><div id="a196765" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:81.1px;">Purchase of subsidiaries, associates and intangible assets </div><div id="a196767_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:427.662px;top:81.1px;">0</div><div id="a196770_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:507.635px;top:81.1px;display:flex;">(3)</div><div id="a196773_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:81.1px;">0</div><div id="a196776_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:668.048px;top:81.1px;display:flex;">(3)</div><div id="a196779" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:97.6px;">Disposal of subsidiaries, associates and intangible<div style="display:inline-block;width:3.99px"> </div>assets</div><div id="a196781" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:208.568px;top:98.3px;">2</div><div id="a196783_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:417.728px;top:97.6px;">157</div><div id="a196786_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.435px;top:97.6px;">453</div><div id="a196789_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:575.768px;top:97.6px;">1,120</div><div id="a196792_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.755px;top:97.6px;">1,729</div><div id="a196795" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:113.7px;">Purchase of property,<div style="display:inline-block;width:3.74px"> </div>equipment and software </div><div id="a196797_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.995px;top:113.7px;display:flex;">(562)</div><div id="a196800_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:497.715px;top:113.7px;display:flex;">(292)</div><div id="a196803_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.128px;top:113.7px;display:flex;">(624)</div><div id="a196806_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:650.995px;top:113.7px;display:flex;">(1,478)</div><div id="a196809" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:130.3px;">Disposal of property, equipment<div style="display:inline-block;width:3.88px"> </div>and software </div><div id="a196811_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:417.728px;top:130.3px;">161</div><div id="a196814_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.368px;top:130.3px;">0</div><div id="a196817_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:130.3px;">0</div><div id="a196820_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:662.848px;top:130.3px;">161</div><div id="a196823" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:146.3px;">Purchase of financial assets measured at fair value through<div style="display:inline-block;width:4.47px"> </div>other comprehensive income </div><div id="a196826_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.902px;top:148.2px;display:flex;">(4,131)</div><div id="a196829_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.368px;top:148.2px;">0</div><div id="a196832_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.128px;top:148.2px;display:flex;">(652)</div><div id="a196835_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:650.995px;top:148.2px;display:flex;">(4,783)</div><div id="a196838" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:161px;">Disposal and redemption of financial assets measured at<div style="display:inline-block;width:3.83px"> </div>fair value through other comprehensive </div><div id="a196839" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:172.8px;">income </div><div id="a196841_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:410.635px;top:172.8px;">3,188</div><div id="a196844_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.368px;top:172.8px;">0</div><div id="a196847_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:582.862px;top:172.8px;">896</div><div id="a196850_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:655.755px;top:172.8px;">4,084</div><div id="a196853" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:187.5px;">Net (purchase) / redemption of debt securities measured<div style="display:inline-block;width:3.75px"> </div>at amortized cost </div><div id="a196856_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.902px;top:187.5px;display:flex;">(8,159)</div><div id="a196859_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.582px;top:187.5px;display:flex;">(1,820)</div><div id="a196862_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.035px;top:187.5px;display:flex;">(2,013)</div><div id="a196865_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:646.262px;top:187.5px;display:flex;">(11,993)</div><div id="a196868" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:203.1px;">Net cash flow from / (used in)<div style="display:inline-block;width:3.74px"> </div>investing activities </div><div id="a196870_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.902px;top:203.1px;display:flex;">(9,346)</div><div id="a196873_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.582px;top:203.1px;display:flex;">(1,663)</div><div id="a196876_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.035px;top:203.1px;display:flex;">(1,274)</div><div id="a196879_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:646.262px;top:203.1px;display:flex;">(12,283)</div><div id="a196882" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:219.7px;">Cash flow from / (used in) financing activities </div><div id="a196888" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:235.8px;">Net short-term debt issued / (repaid) </div><div id="a196892_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.168px;top:235.8px;display:flex;">(12,215)</div><div id="a196895_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:507.635px;top:235.8px;display:flex;">(3)</div><div id="a196898_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:583.342px;top:235.8px;display:flex;">(31)</div><div id="a196901_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:646.262px;top:235.8px;display:flex;">(12,249)</div><div id="a196904" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:252.3px;">Distributions paid on UBS AG shares </div><div id="a196906_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.902px;top:252.3px;display:flex;">(4,200)</div><div id="a196909_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.368px;top:252.3px;">0</div><div id="a196912_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:592.795px;top:252.3px;">0</div><div id="a196915_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:650.995px;top:252.3px;display:flex;">(4,200)</div><div id="a196918" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:268.4px;">Issuance of debt designated at fair value and long<div style="display:inline-block;width:1.4px"> </div>-term debt measured at amortized cost</div><div id="a196921" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:326.395px;top:269.1px;">3</div><div id="a196923_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.902px;top:270.3px;">78,866</div><div id="a196926_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:502.435px;top:270.3px;">550</div><div id="a196929_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:588.062px;top:270.3px;">41</div><div id="a196932_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:650.995px;top:270.3px;">79,457</div><div id="a196935" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:285px;">Repayment of debt designated at fair value and<div style="display:inline-block;width:3.87px"> </div>long-term debt measured at amortized cost</div><div id="a196939" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:335.848px;top:285.6px;">3</div><div id="a196941_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:401.168px;top:286.4px;display:flex;">(66,526)</div><div id="a196944_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:497.715px;top:286.4px;display:flex;">(860)</div><div id="a196947_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.128px;top:286.4px;display:flex;">(284)</div><div id="a196950_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:646.262px;top:286.4px;display:flex;">(67,670)</div><div id="a196953" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:301.1px;">Net cash flows from other financing activities </div><div id="a196955_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:412.995px;top:301.1px;display:flex;">(258)</div><div id="a196958_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:512.368px;top:301.1px;">0</div><div id="a196961_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:578.128px;top:301.1px;display:flex;">(337)</div><div id="a196964_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:658.115px;top:301.1px;display:flex;">(595)</div><div id="a196967" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:317.6px;">Net activity related to group internal capital transactions<div style="display:inline-block;width:3.78px"> </div>and dividends </div><div id="a196969_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:410.635px;top:317.6px;">5,217</div><div id="a196972_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.582px;top:317.6px;display:flex;">(2,088)</div><div id="a196975_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.035px;top:317.6px;display:flex;">(3,128)</div><div id="a196978_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:672.782px;top:317.6px;">0</div><div id="a196981" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:333.2px;">Net cash flow from / (used in)<div style="display:inline-block;width:3.74px"> </div>financing activities </div><div id="a196983_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:417.728px;top:333.2px;">884</div><div id="a196986_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.582px;top:333.2px;display:flex;">(2,401)</div><div id="a196989_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.035px;top:333.2px;display:flex;">(3,740)</div><div id="a196992_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:650.995px;top:333.2px;display:flex;">(5,257)</div><div id="a197000" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#000000;left:3.679px;top:361.5px;">Total<div style="display:inline-block;width:4.32px"> </div>cash flow </div><div id="a197006" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:376.7px;">Cash and cash equivalents at the beginning<div style="display:inline-block;width:4.16px"> </div>of the year </div><div id="a197008_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.902px;top:376.7px;">57,895</div><div id="a197011_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.582px;top:376.7px;">92,799</div><div id="a197014_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.035px;top:376.7px;">57,061</div><div id="a197017_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:646.262px;top:376.7px;">207,755</div><div id="a197020" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:393.3px;">Net cash flow from / (used in) operating, investing<div style="display:inline-block;width:3.84px"> </div>and financing activities </div><div id="a197023_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:410.635px;top:393.3px;">8,824</div><div id="a197026_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.582px;top:393.3px;display:flex;">(5,229)</div><div id="a197029_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:566.315px;top:393.3px;display:flex;">(10,505)</div><div id="a197032_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:650.995px;top:393.3px;display:flex;">(6,911)</div><div id="a197035" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:409.4px;">Effects of exchange rate differences on cash and<div style="display:inline-block;width:3.77px"> </div>cash equivalents </div><div id="a197037_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.902px;top:409.4px;display:flex;">(3,111)</div><div id="a197040_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.582px;top:409.4px;display:flex;">(1,338)</div><div id="a197043_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.035px;top:409.4px;display:flex;">(1,196)</div><div id="a197046_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:650.995px;top:409.4px;display:flex;">(5,645)</div><div id="a197049" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:425.5px;">Cash and cash equivalents at the end<div style="display:inline-block;width:3.9px"> </div>of the year</div><div id="a197050" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:181.142px;top:426.1px;">4</div><div id="a197052_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:405.902px;top:425.5px;">63,608</div><div id="a197055_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:490.582px;top:425.5px;">86,232</div><div id="a197058_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:571.035px;top:425.5px;">45,359</div><div id="a197061_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;left:646.262px;top:425.5px;">195,200</div><div id="a197064" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.664px;top:441.6px;">of which: cash and balances at central banks </div><div id="a197066_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:441.6px;">48,607</div><div id="a197069_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:490.582px;top:441.6px;">84,465</div><div id="a197072_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:571.035px;top:441.6px;">36,291</div><div id="a197075_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:646.262px;top:441.6px;">169,363</div><div id="a197078" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.664px;top:458.1px;">of which: loans and advances to banks </div><div id="a197080_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:410.635px;top:458.1px;">2,957</div><div id="a197083_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:495.342px;top:458.1px;">1,550</div><div id="a197086_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:575.768px;top:458.1px;">8,821</div><div id="a197089_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:650.995px;top:458.1px;">13,329</div><div id="a197092" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.664px;top:474.2px;">of which: money market paper</div><div id="a197093" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;color:#000000;left:123.382px;top:474.8px;">5</div><div id="a197095_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:405.902px;top:474.2px;">12,044</div><div id="a197098_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:502.435px;top:474.2px;">216</div><div id="a197101_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:582.862px;top:474.2px;">248</div><div id="a197104_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;left:650.995px;top:474.2px;">12,508</div><div id="a197107" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:489.7px;">1 Cash flows generally<div style="display:inline-block;width:3.65px"> </div>represent a third<div style="display:inline-block;width:2px"> </div>-party view from a<div style="display:inline-block;width:3.96px"> </div>UBS AG consolidated<div style="display:inline-block;width:3.93px"> </div>perspective, except<div style="display:inline-block;width:3.47px"> </div>for Net activity<div style="display:inline-block;width:3.46px"> </div>related to group<div style="display:inline-block;width:3.47px"> </div>internal capital<div style="display:inline-block;width:3.64px"> </div>transactions and<div style="display:inline-block;width:3.69px"> </div>dividends.<div style="display:inline-block;width:9.76px"> </div>2 Includes cash<div style="display:inline-block;width:3.81px"> </div>proceeds from the </div><div id="a197113" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:499.7px;">sales of:<div style="display:inline-block;width:4.42px"> </div>UBS AG’s<div style="display:inline-block;width:3.62px"> </div>shareholding in Mitsubishi Corp.<div style="display:inline-block;width:2.29px"> </div>-UBS Realty Inc.; UBS AG<div style="display:inline-block;width:1.68px"> </div>’s wholly owned<div style="display:inline-block;width:3.78px"> </div>subsidiary UBS Swiss Financial<div style="display:inline-block;width:3.8px"> </div>Advisers AG (including<div style="display:inline-block;width:3.6px"> </div>a loan portfolio in<div style="display:inline-block;width:3.45px"> </div>UBS Switzerland AG);<div style="display:inline-block;width:3.95px"> </div>UBS AG’s US<div style="display:inline-block;width:3.47px"> </div>alternative </div><div id="a197118" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:510.1px;">investments administration<div style="display:inline-block;width:4.85px"> </div>business; and<div style="display:inline-block;width:4.42px"> </div>UBS AG’s<div style="display:inline-block;width:4.56px"> </div>domestic wealth<div style="display:inline-block;width:4.25px"> </div>management business<div style="display:inline-block;width:4.41px"> </div>in Spain.<div style="display:inline-block;width:3.95px"> </div>Also includes<div style="display:inline-block;width:4.4px"> </div>dividends received<div style="display:inline-block;width:4.65px"> </div>from associates.<div style="display:inline-block;width:23.8px"> </div>3 Includes<div style="display:inline-block;width:4.12px"> </div>funding from<div style="display:inline-block;width:4.41px"> </div>UBS Group<div style="display:inline-block;width:3.78px"> </div>AG to<div style="display:inline-block;width:4.24px"> </div>UBS AG.<div style="display:inline-block;width:8.35px"> </div></div><div id="a197120" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:520px;">4 Balances with an<div style="display:inline-block;width:3.67px"> </div>original maturity of<div style="display:inline-block;width:3.46px"> </div>three months<div style="display:inline-block;width:3.46px"> </div>or less. USD </div><div id="a197120_66_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:212.702px;top:520px;">4,253</div><div id="a197120_71_142" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:232.091px;top:520px;">m of cash and cash<div style="display:inline-block;width:3.81px"> </div>equivalents were restricted.<div style="display:inline-block;width:10.88px"> </div>5 Money<div style="display:inline-block;width:3.43px"> </div>market paper is included<div style="display:inline-block;width:4.11px"> </div>in the balance<div style="display:inline-block;width:3.64px"> </div>sheet under<div style="display:inline-block;width:3.41px"> </div>Financial assets at fair<div style="display:inline-block;width:3.97px"> </div>value </div><div id="a197126" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:530.4px;">held for trading, Financial assets<div style="display:inline-block;width:3.65px"> </div>measured at fair value<div style="display:inline-block;width:3.64px"> </div>through other comprehensive<div style="display:inline-block;width:3.76px"> </div>income, Financial<div style="display:inline-block;width:3.47px"> </div>assets at fair value<div style="display:inline-block;width:3.42px"> </div>not held for trading and Other<div style="display:inline-block;width:4.26px"> </div>financial assets measured at<div style="display:inline-block;width:3.65px"> </div>amortized cost.</div></div> 17286000000 -1165000000 -5491000000 10630000000 0 3000000 0 3000000 157000000 453000000 1120000000 1729000000 562000000 292000000 624000000 1478000000 161000000 0 0 161000000 4131000000 0 652000000 4783000000 3188000000 0 896000000 4084000000 -8159000000 -1820000000 -2013000000 -11993000000 -9346000000 -1663000000 -1274000000 -12283000000 -12215000000 -3000000 -31000000 -12249000000 4200000000 0 0 4200000000 78866000000 550000000 41000000 79457000000 66526000000 860000000 284000000 67670000000 -258000000 0 -337000000 -595000000 5217000000 -2088000000 -3128000000 0 884000000 -2401000000 -3740000000 -5257000000 57895000000 92799000000 57061000000 207755000000 8824000000 -5229000000 -10505000000 -6911000000 -3111000000 -1338000000 -1196000000 -5645000000 63608000000 86232000000 45359000000 195200000000 48607000000 84465000000 36291000000 169363000000 2957000000 1550000000 8821000000 13329000000 12044000000 216000000 248000000 12508000000 4253000000 <div id="TextBlockContainer1783" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:685px;height:429px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a197167" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Supplemental guarantor consolidated<div style="display:inline-block;width:4.55px"> </div>income statement </div><div id="a197170" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:19.5px;">USD m </div><div id="a197172" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:339.662px;top:27.6px;">UBS AG </div><div id="a197174" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:320.248px;top:39.4px;">(standalone)</div><div id="a197175" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:365.195px;top:40.1px;">1</div><div id="a197177" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:433.328px;top:16.2px;">UBS </div><div id="a197179" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.662px;top:27.6px;">Switzerland AG </div><div id="a197181" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:400.222px;top:39.4px;">(standalone)</div><div id="a197182" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:445.182px;top:40.1px;">1</div><div id="a197184" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:507.635px;top:27.6px;">Other<div style="display:inline-block;width:2.46px"> </div></div><div id="a197186" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:483.488px;top:39.4px;">subsidiaries</div><div id="a197187" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:525.142px;top:40.1px;">2</div><div id="a197189" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.582px;top:27.6px;">Elimination </div><div id="a197191" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:578.128px;top:39.4px;">entries </div><div id="a197193" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:648.635px;top:27.6px;">UBS AG </div><div id="a197195" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:626.408px;top:39.4px;">(consolidated) </div><div id="a197197" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:39.4px;">For the year ended<div style="display:inline-block;width:3.9px"> </div>31 December 2021 </div><div id="a197199" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:51.7px;">Interest income from financial instruments measured<div style="display:inline-block;width:3.76px"> </div>at amortized cost and </div><div id="a197200" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:63.6px;">fair value through other comprehensive<div style="display:inline-block;width:3.81px"> </div>income </div><div id="a197202_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:63.6px;">3,130</div><div id="a197205_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:63.6px;">3,652</div><div id="a197208_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.688px;top:63.6px;">2,456</div><div id="a197211_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.862px;top:63.6px;display:flex;">(703)</div><div id="a197214_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.755px;top:63.6px;">8,534</div><div id="a197217" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:78.2px;">Interest expense from financial instruments measured<div style="display:inline-block;width:3.83px"> </div>at amortized cost </div><div id="a197220_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:341.555px;top:78.2px;display:flex;">(2,847)</div><div id="a197223_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:429.075px;top:78.2px;display:flex;">(520)</div><div id="a197226_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.488px;top:78.2px;display:flex;">(1,024)</div><div id="a197229_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:580.502px;top:78.2px;">1,025</div><div id="a197232_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:650.515px;top:78.2px;display:flex;">(3,366)</div><div id="a197235" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:92.9px;">Net interest income from financial instruments measured<div style="display:inline-block;width:3.83px"> </div>at fair value through </div><div id="a197236" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:104.7px;">profit or loss and other </div><div id="a197238_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:104.7px;">1,229</div><div id="a197241_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:433.808px;top:104.7px;">254</div><div id="a197244_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.782px;top:104.7px;">228</div><div id="a197247_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.862px;top:104.7px;display:flex;">(274)</div><div id="a197250_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.755px;top:104.7px;">1,437</div><div id="a197253" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:118.5px;">Net interest income </div><div id="a197255_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:118.5px;">1,512</div><div id="a197258_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:118.5px;">3,386</div><div id="a197261_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.688px;top:118.5px;">1,660</div><div id="a197264_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:592.795px;top:118.5px;">48</div><div id="a197267_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.755px;top:118.5px;">6,605</div><div id="a197270" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:132.6px;">Other net income from financial instruments measured<div style="display:inline-block;width:3.73px"> </div>at fair value through </div><div id="a197271" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:144.5px;">profit or loss </div><div id="a197273_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:144.5px;">3,751</div><div id="a197276_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:433.808px;top:144.5px;">807</div><div id="a197279_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.688px;top:144.5px;">1,369</div><div id="a197282_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:587.595px;top:144.5px;display:flex;">(83)</div><div id="a197285_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.755px;top:144.5px;">5,844</div><div id="a197288" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:159.1px;">Fee and commission income </div><div id="a197290_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:159.1px;">3,837</div><div id="a197293_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:159.1px;">5,204</div><div id="a197296_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.968px;top:159.1px;">16,151</div><div id="a197299_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.862px;top:159.1px;display:flex;">(770)</div><div id="a197302_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:650.995px;top:159.1px;">24,422</div><div id="a197305" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:175.2px;">Fee and commission expense </div><div id="a197307_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:349.128px;top:175.2px;display:flex;">(810)</div><div id="a197310_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:429.075px;top:175.2px;display:flex;">(481)</div><div id="a197313_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.488px;top:175.2px;display:flex;">(1,450)</div><div id="a197316_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:587.595px;top:175.2px;">755</div><div id="a197319_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:650.515px;top:175.2px;display:flex;">(1,985)</div><div id="a197322" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:190.8px;">Net fee and commission income </div><div id="a197324_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:190.8px;">3,027</div><div id="a197327_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:190.8px;">4,723</div><div id="a197330_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.968px;top:190.8px;">14,702</div><div id="a197333_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:587.595px;top:190.8px;display:flex;">(14)</div><div id="a197336_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:650.995px;top:190.8px;">22,438</div><div id="a197339" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:207.4px;">Other income </div><div id="a197341_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:207.4px;">7,555</div><div id="a197344_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:433.808px;top:207.4px;">221</div><div id="a197347_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.688px;top:207.4px;">1,560</div><div id="a197350_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:575.302px;top:207.4px;display:flex;">(8,396)</div><div id="a197353_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:662.848px;top:207.4px;">941</div><div id="a197356" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:223px;">Total revenues </div><div id="a197358_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:342.022px;top:223px;">15,845</div><div id="a197361_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:223px;">9,137</div><div id="a197364_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.968px;top:223px;">19,291</div><div id="a197367_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:575.302px;top:223px;display:flex;">(8,445)</div><div id="a197370_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:650.995px;top:223px;">35,828</div><div id="a197373" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:239.5px;">Credit loss expense / (release) </div><div id="a197375_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:353.848px;top:239.5px;display:flex;">(65)</div><div id="a197378_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:433.808px;top:239.5px;display:flex;">(98)</div><div id="a197381_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.782px;top:239.5px;display:flex;">(10)</div><div id="a197384_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:592.795px;top:239.5px;">24</div><div id="a197387_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:658.115px;top:239.5px;display:flex;">(148)</div><div id="a197390" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:255.6px;">Personnel expenses </div><div id="a197392_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:255.6px;">3,401</div><div id="a197395_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:255.6px;">2,098</div><div id="a197398_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.968px;top:255.6px;">10,161</div><div id="a197401_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:597.528px;top:255.6px;">1</div><div id="a197404_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:650.995px;top:255.6px;">15,661</div><div id="a197407" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:272.2px;">General and administrative expenses </div><div id="a197409_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:272.2px;">4,255</div><div id="a197412_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:272.2px;">3,442</div><div id="a197415_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.688px;top:272.2px;">4,474</div><div id="a197418_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:575.302px;top:272.2px;display:flex;">(2,696)</div><div id="a197421_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.755px;top:272.2px;">9,476</div><div id="a197424" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:288.3px;">Depreciation, amortization and impairment of non<div style="display:inline-block;width:1.5px"> </div>-financial assets </div><div id="a197428_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:353.848px;top:288.3px;">949</div><div id="a197431_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:433.808px;top:288.3px;">285</div><div id="a197434_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.782px;top:288.3px;">755</div><div id="a197437_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:582.862px;top:288.3px;display:flex;">(114)</div><div id="a197440_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.755px;top:288.3px;">1,875</div><div id="a197443" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:303.9px;">Operating expenses </div><div id="a197445_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:303.9px;">8,605</div><div id="a197448_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:303.9px;">5,825</div><div id="a197451_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.968px;top:303.9px;">15,390</div><div id="a197454_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:575.302px;top:303.9px;display:flex;">(2,809)</div><div id="a197457_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:650.995px;top:303.9px;">27,012</div><div id="a197460" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:320.4px;">Operating profit / (loss) before<div style="display:inline-block;width:3.73px"> </div>tax </div><div id="a197462_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:320.4px;">7,305</div><div id="a197465_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:320.4px;">3,409</div><div id="a197468_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.688px;top:320.4px;">3,910</div><div id="a197471_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:575.302px;top:320.4px;display:flex;">(5,660)</div><div id="a197474_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.755px;top:320.4px;">8,964</div><div id="a197477" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:336.5px;">Tax expense / (benefit) </div><div id="a197479_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:353.848px;top:336.5px;">203</div><div id="a197482_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:433.808px;top:336.5px;">622</div><div id="a197485_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.688px;top:336.5px;">1,090</div><div id="a197488_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:587.595px;top:336.5px;display:flex;">(11)</div><div id="a197491_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.755px;top:336.5px;">1,903</div><div id="a197494" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:352.6px;">Net profit / (loss) </div><div id="a197496_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:352.6px;">7,102</div><div id="a197499_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:352.6px;">2,788</div><div id="a197502_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.688px;top:352.6px;">2,820</div><div id="a197505_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:575.302px;top:352.6px;display:flex;">(5,649)</div><div id="a197508_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.755px;top:352.6px;">7,061</div><div id="a197511" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:368.7px;">Net profit / (loss) attributable to non-controlling<div style="display:inline-block;width:3.95px"> </div>interests </div><div id="a197516_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:363.782px;top:370.6px;">0</div><div id="a197519_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:443.768px;top:370.6px;">0</div><div id="a197522_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:518.995px;top:370.6px;">29</div><div id="a197525_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:597.528px;top:370.6px;">0</div><div id="a197528_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.048px;top:370.6px;">29</div><div id="a197531" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:384.3px;">Net profit / (loss) attributable to shareholders </div><div id="a197533_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:384.3px;">7,102</div><div id="a197536_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:384.3px;">2,788</div><div id="a197539_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.688px;top:384.3px;">2,792</div><div id="a197542_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:575.302px;top:384.3px;display:flex;">(5,649)</div><div id="a197545_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.755px;top:384.3px;">7,032</div><div id="a197548" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:399.8px;">1 Amounts presented<div style="display:inline-block;width:3.63px"> </div>for UBS AG<div style="display:inline-block;width:3.78px"> </div>standalone and UBS<div style="display:inline-block;width:3.64px"> </div>Switzerland AG<div style="display:inline-block;width:3.62px"> </div>standalone represent<div style="display:inline-block;width:3.63px"> </div>IFRS standalone<div style="display:inline-block;width:3.83px"> </div>information. Refer to<div style="display:inline-block;width:3.77px"> </div>the UBS AG<div style="display:inline-block;width:3.78px"> </div>standalone and UBS<div style="display:inline-block;width:3.64px"> </div>Switzerland AG<div style="display:inline-block;width:3.62px"> </div>standalone financial<div style="display:inline-block;width:3.64px"> </div>statements </div><div id="a197550" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:409.7px;">under “Complementary<div style="display:inline-block;width:3.94px"> </div>financial information”<div style="display:inline-block;width:4.42px"> </div>at ubs.com/investors<div style="display:inline-block;width:4.87px"> </div>for information<div style="display:inline-block;width:4.24px"> </div>prepared in<div style="display:inline-block;width:3.48px"> </div>accordance<div style="display:inline-block;width:3.48px"> </div>with Swiss<div style="display:inline-block;width:3.94px"> </div>GAAP.<div style="display:inline-block;width:11.8px"> </div>2 The<div style="display:inline-block;width:4.06px"> </div>”Other subsidiaries“<div style="display:inline-block;width:4.77px"> </div>column includes<div style="display:inline-block;width:3.77px"> </div>consolidated<div style="display:inline-block;width:3.45px"> </div>information<div style="display:inline-block;width:3.45px"> </div>for the<div style="display:inline-block;width:3.63px"> </div>UBS </div><div id="a197554" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:420.2px;">Americas Holding LLC,<div style="display:inline-block;width:3.61px"> </div>UBS Europe SE and UBS Asset<div style="display:inline-block;width:3.88px"> </div>Management AG significant<div style="display:inline-block;width:3.48px"> </div>sub-groups, as well<div style="display:inline-block;width:3.73px"> </div>as standalone information<div style="display:inline-block;width:3.46px"> </div>for other subsidiaries.</div></div> 3130000000 3652000000 2456000000 -703000000 8534000000 2847000000 520000000 1024000000 -1025000000 3366000000 1229000000 254000000 228000000 -274000000 1437000000 1512000000 3386000000 1660000000 48000000 6605000000 3751000000 807000000 1369000000 -83000000 5844000000 3837000000 5204000000 16151000000 -770000000 24422000000 810000000 481000000 1450000000 -755000000 1985000000 3027000000 4723000000 14702000000 -14000000 22438000000 7555000000 221000000 1560000000 -8396000000 941000000 15845000000 9137000000 19291000000 -8445000000 35828000000 -65000000 -98000000 -10000000 24000000 -148000000 3401000000 2098000000 10161000000 1000000 15661000000 4255000000 3442000000 4474000000 -2696000000 9476000000 949000000 285000000 755000000 -114000000 1875000000 8605000000 5825000000 15390000000 -2809000000 27012000000 7305000000 3409000000 3910000000 -5660000000 8964000000 203000000 622000000 1090000000 -11000000 1903000000 7102000000 2788000000 2820000000 -5649000000 7061000000 0 0 29000000 0 29000000 7102000000 2788000000 2792000000 -5649000000 7032000000 <div id="TextBlockContainer1788" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:471px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1786_XBRL_TS_1f42f33379934cf0bcc44e6ed41737e5" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1787" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:471px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a197561" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Supplemental guarantor consolidated<div style="display:inline-block;width:4.68px"> </div>statement of comprehensive income </div><div id="a197564" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:19.5px;">USD m </div><div id="a197566" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:309.368px;top:28.1px;">UBS AG </div><div id="a197568" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:289.982px;top:39.4px;">(standalone)</div><div id="a197569" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:334.902px;top:40.1px;">1</div><div id="a197571" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:408.262px;top:16.2px;">UBS </div><div id="a197573" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:367.568px;top:28.1px;">Switzerland AG </div><div id="a197575" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:375.128px;top:39.4px;">(standalone)</div><div id="a197576" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:420.088px;top:40.1px;">1</div><div id="a197578" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:487.275px;top:28.1px;">Other<div style="display:inline-block;width:2.49px"> </div></div><div id="a197580" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:463.155px;top:39.4px;">subsidiaries</div><div id="a197581" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:504.808px;top:40.1px;">2</div><div id="a197583" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:552.595px;top:28.1px;">Elimination </div><div id="a197585" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:569.155px;top:39.4px;">entries </div><div id="a197587" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:649.568px;top:28.1px;">UBS AG </div><div id="a197589" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:627.355px;top:39.4px;">(consolidated) </div><div id="a197591" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:39.4px;">For the year ended<div style="display:inline-block;width:3.9px"> </div>31 December 2021 </div><div id="a197599" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:65.5px;">Comprehensive income attributable to<div style="display:inline-block;width:3.75px"> </div>shareholders </div><div id="a197607" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:81.1px;">Net profit / (loss) </div><div id="a197609_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:316.462px;top:81.1px;">7,102</div><div id="a197612_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:401.648px;top:81.1px;">2,788</div><div id="a197615_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.328px;top:81.1px;">2,792</div><div id="a197618_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.315px;top:81.1px;display:flex;">(5,649)</div><div id="a197621_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:81.1px;">7,032</div><div id="a197630" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:109.4px;">Other comprehensive income </div><div id="a197637" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:123.2px;">Other comprehensive income that<div style="display:inline-block;width:3.78px"> </div>may be reclassified to the income </div><div id="a197638" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:135px;">statement </div><div id="a197645" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:149.7px;">Foreign currency translation, net<div style="display:inline-block;width:3.86px"> </div>of tax </div><div id="a197647_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:328.288px;top:149.7px;display:flex;">(1)</div><div id="a197650_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:404.008px;top:149.7px;display:flex;">(419)</div><div id="a197653_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:488.688px;top:149.7px;display:flex;">(607)</div><div id="a197656_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:578.608px;top:149.7px;">517</div><div id="a197659_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:659.062px;top:149.7px;display:flex;">(510)</div><div id="a197662" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:164.3px;">Financial assets measured at fair value through<div style="display:inline-block;width:4.15px"> </div>other comprehensive </div><div id="a197663" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:176.1px;">income, net of tax </div><div id="a197665_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:333.488px;top:176.1px;">0</div><div id="a197669_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:488.688px;top:176.1px;display:flex;">(157)</div><div id="a197672_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:588.542px;top:176.1px;">0</div><div id="a197675_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:659.062px;top:176.1px;display:flex;">(157)</div><div id="a197678" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:190.8px;">Cash flow hedges, net of tax </div><div id="a197680_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.262px;top:192.2px;display:flex;">(1,129)</div><div id="a197683_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:404.008px;top:192.2px;display:flex;">(279)</div><div id="a197686_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:488.688px;top:192.2px;display:flex;">(250)</div><div id="a197689_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:578.608px;top:192.2px;display:flex;">(17)</div><div id="a197692_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.462px;top:192.2px;display:flex;">(1,675)</div><div id="a197695" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:206.9px;">Cost of hedging, net of tax </div><div id="a197697_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:323.555px;top:206.9px;display:flex;">(26)</div><div id="a197703_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.795px;top:206.9px;display:flex;">(26)</div><div id="a197706" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:221.6px;">Total other comprehensive<div style="display:inline-block;width:3.77px"> </div>income that may be reclassified to<div style="display:inline-block;width:3.8px"> </div>the </div><div id="a197708" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:233.4px;">income statement, net of tax </div><div id="a197710_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.262px;top:233.4px;display:flex;">(1,155)</div><div id="a197713_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:404.008px;top:233.4px;display:flex;">(699)</div><div id="a197716_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.128px;top:233.4px;display:flex;">(1,014)</div><div id="a197719_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:578.608px;top:233.4px;">500</div><div id="a197722_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.462px;top:233.4px;display:flex;">(2,368)</div><div id="a197731" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:258.5px;">Other comprehensive income that will not<div style="display:inline-block;width:3.89px"> </div>be reclassified to the </div><div id="a197732" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:270.3px;">income statement </div><div id="a197739" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:285.5px;">Defined benefit plans, net of tax </div><div id="a197741_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:323.555px;top:285.5px;">170</div><div id="a197744_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:404.008px;top:285.5px;display:flex;">(135)</div><div id="a197747_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:498.648px;top:285.5px;">67</div><div id="a197750_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:588.542px;top:285.5px;">0</div><div id="a197753_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.795px;top:285.5px;">102</div><div id="a197756" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:301.5px;">Own credit on financial liabilities designated at fair value,<div style="display:inline-block;width:4.37px"> </div>net of tax </div><div id="a197758_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:328.755px;top:303.4px;">46</div><div id="a197764_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.995px;top:303.4px;">46</div><div id="a197773" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:328px;">Total other comprehensive<div style="display:inline-block;width:3.77px"> </div>income that will not be reclassified to the </div><div id="a197774" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:339.8px;">income statement, net of tax </div><div id="a197776_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:323.555px;top:340.3px;">217</div><div id="a197779_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:404.008px;top:340.3px;display:flex;">(135)</div><div id="a197782_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:498.648px;top:340.3px;">67</div><div id="a197785_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:588.542px;top:340.3px;">0</div><div id="a197788_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.795px;top:340.3px;">148</div><div id="a197797" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:366.3px;">Total other comprehensive<div style="display:inline-block;width:3.77px"> </div>income </div><div id="a197799_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:318.822px;top:366.3px;display:flex;">(939)</div><div id="a197802_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:404.008px;top:366.3px;display:flex;">(834)</div><div id="a197805_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:488.688px;top:366.3px;display:flex;">(947)</div><div id="a197808_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:578.608px;top:366.3px;">500</div><div id="a197811_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.462px;top:366.3px;display:flex;">(2,220)</div><div id="a197814" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:382.4px;">Total comprehensive<div style="display:inline-block;width:3.8px"> </div>income attributable to shareholders </div><div id="a197816_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:316.462px;top:382.4px;">6,163</div><div id="a197819_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:401.648px;top:382.4px;">1,954</div><div id="a197822_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.328px;top:382.4px;">1,845</div><div id="a197825_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.315px;top:382.4px;display:flex;">(5,149)</div><div id="a197828_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:382.4px;">4,813</div><div id="a197837" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:411.3px;">Total comprehensive income attributable to<div style="display:inline-block;width:3.73px"> </div>non-controlling interests </div><div id="a197843_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:498.648px;top:411.3px;">13</div><div id="a197847_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.995px;top:411.3px;">13</div><div id="a197850" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:426.9px;">Total comprehensive<div style="display:inline-block;width:3.8px"> </div>income </div><div id="a197852_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:316.462px;top:426.9px;">6,163</div><div id="a197855_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:401.648px;top:426.9px;">1,954</div><div id="a197858_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.328px;top:426.9px;">1,858</div><div id="a197861_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.315px;top:426.9px;display:flex;">(5,149)</div><div id="a197864_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:426.9px;">4,826</div><div id="a197867" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:442.4px;">1 Amounts presented<div style="display:inline-block;width:3.63px"> </div>for UBS AG<div style="display:inline-block;width:3.78px"> </div>standalone and<div style="display:inline-block;width:3.79px"> </div>UBS Switzerland AG<div style="display:inline-block;width:3.94px"> </div>standalone represent<div style="display:inline-block;width:3.63px"> </div>IFRS standalone<div style="display:inline-block;width:3.63px"> </div>information. Refer<div style="display:inline-block;width:3.62px"> </div>to the UBS<div style="display:inline-block;width:3.57px"> </div>AG standalone<div style="display:inline-block;width:3.93px"> </div>and UBS Switzerland<div style="display:inline-block;width:3.8px"> </div>AG standalone<div style="display:inline-block;width:3.58px"> </div>financial statements </div><div id="a197870" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:452.3px;">under “Complementary<div style="display:inline-block;width:3.94px"> </div>financial information”<div style="display:inline-block;width:4.89px"> </div>at ubs.com/investors<div style="display:inline-block;width:4.39px"> </div>for information<div style="display:inline-block;width:4.71px"> </div>prepared in<div style="display:inline-block;width:3.48px"> </div>accordance<div style="display:inline-block;width:3.48px"> </div>with Swiss<div style="display:inline-block;width:3.94px"> </div>GAAP.<div style="display:inline-block;width:11.8px"> </div>2 The<div style="display:inline-block;width:4.54px"> </div>”Other subsidiaries“<div style="display:inline-block;width:4.27px"> </div>column includes<div style="display:inline-block;width:4.24px"> </div>consolidated information<div style="display:inline-block;width:4.38px"> </div>for the<div style="display:inline-block;width:4.1px"> </div>UBS </div><div id="a197873" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:462.7px;">Americas Holding LLC,<div style="display:inline-block;width:3.61px"> </div>UBS Europe SE and UBS Asset<div style="display:inline-block;width:3.88px"> </div>Management AG significant<div style="display:inline-block;width:3.48px"> </div>sub-groups, as well<div style="display:inline-block;width:3.73px"> </div>as standalone information<div style="display:inline-block;width:3.46px"> </div>for other subsidiaries.</div></div></div></div> 7102000000 2788000000 2792000000 -5649000000 7032000000 -1000000 -419000000 -607000000 517000000 -510000000 0 -157000000 0 -157000000 -1129000000 -279000000 -250000000 -17000000 -1675000000 -26000000 -26000000 -1155000000 -699000000 -1014000000 500000000 -2368000000 170000000 -135000000 67000000 0 102000000 46000000 46000000 217000000 -135000000 67000000 0 148000000 -939000000 -834000000 -947000000 500000000 -2220000000 6163000000 1954000000 1845000000 -5149000000 4813000000 13000000 13000000 6163000000 1954000000 1858000000 -5149000000 4826000000 <div id="TextBlockContainer1791" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:751px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a197918" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Supplemental guarantor consolidated<div style="display:inline-block;width:4.61px"> </div>balance sheet </div><div id="a197921" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:19.5px;">USD m </div><div id="a197923" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:309.368px;top:27.6px;">UBS AG </div><div id="a197925" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:289.982px;top:39.4px;">(standalone)</div><div id="a197926" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:334.902px;top:40.1px;">1</div><div id="a197928" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:408.262px;top:16.2px;">UBS </div><div id="a197930" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:367.568px;top:27.6px;">Switzerland AG </div><div id="a197932" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:375.128px;top:39.4px;">(standalone)</div><div id="a197933" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:420.088px;top:40.1px;">1</div><div id="a197935" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:487.275px;top:27.6px;">Other<div style="display:inline-block;width:2.49px"> </div></div><div id="a197937" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:463.155px;top:39.4px;">subsidiaries</div><div id="a197938" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:504.808px;top:40.1px;">2</div><div id="a197940" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:552.595px;top:27.6px;">Elimination </div><div id="a197942" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:569.155px;top:39.4px;">entries </div><div id="a197944" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:649.568px;top:27.6px;">UBS AG </div><div id="a197946" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:627.355px;top:39.4px;">(consolidated) </div><div id="a197948" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:39.4px;">As of 31 December 2021 </div><div id="a197950" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:53.6px;">Assets </div><div id="a197957" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:68.8px;">Cash and balances at central banks </div><div id="a197959_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.728px;top:68.8px;">53,839</div><div id="a197962_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:396.915px;top:68.8px;">91,031</div><div id="a197965_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.595px;top:68.8px;">47,946</div><div id="a197969_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:647.208px;top:68.8px;">192,817</div><div id="a197972" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:82.9px;">Loans and advances to banks </div><div id="a197974_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.728px;top:82.9px;">39,681</div><div id="a197977_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:401.648px;top:82.9px;">7,066</div><div id="a197980_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.595px;top:82.9px;">19,858</div><div id="a197983_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.582px;top:82.9px;display:flex;">(51,245)</div><div id="a197986_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:82.9px;">15,360</div><div id="a197989" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:96.7px;">Receivables from securities financing transactions<div style="display:inline-block;width:4.01px"> </div>measured at </div><div id="a197990" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:108.5px;">amortized cost </div><div id="a197992_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.728px;top:108.5px;">50,566</div><div id="a197995_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:401.648px;top:108.5px;">5,438</div><div id="a197998_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.595px;top:108.5px;">40,585</div><div id="a198001_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.582px;top:108.5px;display:flex;">(21,577)</div><div id="a198004_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:108.5px;">75,012</div><div id="a198007" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:122.2px;">Cash collateral receivables on derivative<div style="display:inline-block;width:3.86px"> </div>instruments </div><div id="a198010_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.728px;top:122.2px;">29,939</div><div id="a198013_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:408.742px;top:122.2px;">779</div><div id="a198016_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.595px;top:122.2px;">10,314</div><div id="a198019_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.582px;top:122.2px;display:flex;">(10,518)</div><div id="a198022_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:122.2px;">30,514</div><div id="a198025" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:136.4px;">Loans and advances to customers </div><div id="a198027_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:306.995px;top:136.4px;">101,458</div><div id="a198030_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.182px;top:136.4px;">230,170</div><div id="a198033_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.595px;top:136.4px;">93,252</div><div id="a198036_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.582px;top:136.4px;display:flex;">(26,188)</div><div id="a198039_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:647.208px;top:136.4px;">398,693</div><div id="a198042" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:151.1px;">Other financial assets measured at amortized cost </div><div id="a198044_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:316.462px;top:151.1px;">8,902</div><div id="a198047_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:401.648px;top:151.1px;">6,828</div><div id="a198050_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.595px;top:151.1px;">12,377</div><div id="a198053_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.315px;top:151.1px;display:flex;">(1,870)</div><div id="a198056_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:151.1px;">26,236</div><div id="a198059" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:164.3px;">Total financial assets<div style="display:inline-block;width:3.9px"> </div>measured at amortized cost </div><div id="a198062_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:306.995px;top:164.3px;">284,385</div><div id="a198065_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.182px;top:164.3px;">341,312</div><div id="a198068_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:476.875px;top:164.3px;">224,332</div><div id="a198071_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:556.848px;top:164.3px;display:flex;">(111,397)</div><div id="a198074_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:647.208px;top:164.3px;">738,632</div><div id="a198077" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:178px;">Financial assets at fair value held for trading </div><div id="a198079_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:306.995px;top:178px;">116,370</div><div id="a198082_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:413.942px;top:178px;">79</div><div id="a198085_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.595px;top:178px;">16,740</div><div id="a198088_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.315px;top:178px;display:flex;">(2,156)</div><div id="a198091_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:647.208px;top:178px;">131,033</div><div id="a198094" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.664px;top:191.8px;">of which: assets pledged as collateral that<div style="display:inline-block;width:3.72px"> </div></div><div id="a198096" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.664px;top:203.6px;">may be sold or repledged by counterparties </div><div id="a198098_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:311.728px;top:203.6px;">47,891</div><div id="a198101_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:418.675px;top:203.6px;">0</div><div id="a198104_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:486.328px;top:203.6px;">6,073</div><div id="a198107_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:561.582px;top:203.6px;display:flex;">(10,568)</div><div id="a198110_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:651.968px;top:203.6px;">43,397</div><div id="a198113" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:217.3px;">Derivative financial instruments </div><div id="a198115_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:306.995px;top:217.3px;">113,426</div><div id="a198118_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:401.648px;top:217.3px;">4,199</div><div id="a198121_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.595px;top:217.3px;">35,567</div><div id="a198124_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.582px;top:217.3px;display:flex;">(35,047)</div><div id="a198127_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:647.208px;top:217.3px;">118,145</div><div id="a198130" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:231.5px;">Brokerage receivables </div><div id="a198132_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.728px;top:231.5px;">14,563</div><div id="a198136_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.328px;top:231.5px;">7,283</div><div id="a198139_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:583.342px;top:231.5px;display:flex;">(7)</div><div id="a198142_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:231.5px;">21,839</div><div id="a198145" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:246.2px;">Financial assets at fair value not held for trading </div><div id="a198147_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.728px;top:246.2px;">37,532</div><div id="a198150_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:401.648px;top:246.2px;">5,413</div><div id="a198153_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.595px;top:246.2px;">33,940</div><div id="a198156_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.582px;top:246.2px;display:flex;">(17,243)</div><div id="a198159_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:246.2px;">59,642</div><div id="a198162" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:259.4px;">Total financial assets<div style="display:inline-block;width:3.87px"> </div>measured at fair value through profit or<div style="display:inline-block;width:3.73px"> </div>loss </div><div id="a198164_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:306.995px;top:259.4px;">281,891</div><div id="a198167_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:401.648px;top:259.4px;">9,691</div><div id="a198170_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.595px;top:259.4px;">93,531</div><div id="a198173_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.582px;top:259.4px;display:flex;">(54,454)</div><div id="a198176_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:647.208px;top:259.4px;">330,659</div><div id="a198179" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:272.7px;">Financial assets measured at<div style="display:inline-block;width:3.79px"> </div>fair value<div style="display:inline-block;width:2.45px"> </div></div><div id="a198181" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:284.5px;">through other comprehensive income </div><div id="a198183_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:316.462px;top:284.5px;">1,007</div><div id="a198187_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.328px;top:284.5px;">7,837</div><div id="a198191_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:284.5px;">8,844</div><div id="a198194" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:297.3px;">Investments in subsidiaries and associates </div><div id="a198196_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.728px;top:297.3px;">54,204</div><div id="a198199_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:413.942px;top:297.3px;">37</div><div id="a198202_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:498.648px;top:297.3px;">40</div><div id="a198205_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.582px;top:297.3px;display:flex;">(53,038)</div><div id="a198208_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:297.3px;">1,243</div><div id="a198211" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:311.9px;">Property, equipment<div style="display:inline-block;width:3.88px"> </div>and software </div><div id="a198213_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:316.462px;top:311.9px;">6,501</div><div id="a198216_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:401.648px;top:311.9px;">1,456</div><div id="a198219_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.328px;top:311.9px;">4,048</div><div id="a198222_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:573.875px;top:311.9px;display:flex;">(293)</div><div id="a198225_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:311.9px;">11,712</div><div id="a198228" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:326.1px;">Goodwill and intangible assets </div><div id="a198230_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:323.555px;top:326.1px;">213</div><div id="a198234_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.328px;top:326.1px;">6,138</div><div id="a198237_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:583.808px;top:326.1px;">28</div><div id="a198240_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:326.1px;">6,378</div><div id="a198243" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:340.3px;">Deferred tax assets </div><div id="a198245_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:323.555px;top:340.3px;">936</div><div id="a198249_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.328px;top:340.3px;">7,903</div><div id="a198253_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:340.3px;">8,839</div><div id="a198256" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:354.5px;">Other non-financial assets </div><div id="a198260_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:316.462px;top:354.5px;">5,757</div><div id="a198263_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:401.648px;top:354.5px;">2,424</div><div id="a198266_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.328px;top:354.5px;">1,656</div><div id="a198269_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:583.342px;top:354.5px;display:flex;">(1)</div><div id="a198272_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:354.5px;">9,836</div><div id="a198275" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:368.2px;">Total assets </div><div id="a198277_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:306.995px;top:368.2px;">634,894</div><div id="a198280_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.182px;top:368.2px;">354,921</div><div id="a198283_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:476.875px;top:368.2px;">345,484</div><div id="a198286_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:556.848px;top:368.2px;display:flex;">(219,154)</div><div id="a198289_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:640.115px;top:368.2px;">1,116,145</div><div id="a198298" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:391.4px;">Liabilities </div><div id="a198305" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:405.6px;">Amounts due to banks<div style="display:inline-block;width:3.11px"> </div></div><div id="a198307_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.728px;top:405.6px;">34,691</div><div id="a198310_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:396.915px;top:405.6px;">33,453</div><div id="a198313_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.595px;top:405.6px;">50,405</div><div id="a198316_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:556.848px;top:405.6px;display:flex;">(105,448)</div><div id="a198319_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:405.6px;">13,101</div><div id="a198322" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:419.3px;">Payables from securities financing<div style="display:inline-block;width:3.7px"> </div>transactions measured at </div><div id="a198323" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:431.2px;">amortized cost </div><div id="a198325_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.728px;top:431.2px;">16,711</div><div id="a198328_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:408.742px;top:431.2px;">526</div><div id="a198331_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.328px;top:431.2px;">9,910</div><div id="a198334_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.582px;top:431.2px;display:flex;">(21,615)</div><div id="a198337_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:431.2px;">5,533</div><div id="a198340" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:444.9px;">Cash collateral payables on derivative instruments </div><div id="a198342_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.728px;top:444.9px;">30,260</div><div id="a198345_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:408.742px;top:444.9px;">153</div><div id="a198348_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.595px;top:444.9px;">11,845</div><div id="a198351_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.582px;top:444.9px;display:flex;">(10,458)</div><div id="a198354_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:444.9px;">31,801</div><div id="a198357" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:459.1px;">Customer deposits </div><div id="a198359_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:306.995px;top:459.1px;">101,093</div><div id="a198362_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.182px;top:459.1px;">286,488</div><div id="a198365_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:476.875px;top:459.1px;">142,967</div><div id="a198368_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.782px;top:459.1px;">14,287</div><div id="a198371_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:647.208px;top:459.1px;">544,834</div><div id="a198374" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:473.3px;">Funding from UBS Group AG </div><div id="a198376_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.728px;top:473.3px;">57,295</div><div id="a198382_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:473.3px;">57,295</div><div id="a198385" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:487.9px;">Debt issued measured at amortized cost </div><div id="a198387_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.728px;top:487.9px;">73,045</div><div id="a198390_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:401.648px;top:487.9px;">9,460</div><div id="a198394_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:578.608px;top:487.9px;display:flex;">(73)</div><div id="a198397_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:487.9px;">82,432</div><div id="a198400" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:502.1px;">Other financial liabilities measured at amortized cost </div><div id="a198402_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:316.462px;top:502.1px;">4,477</div><div id="a198405_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:401.648px;top:502.1px;">2,477</div><div id="a198408_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.328px;top:502.1px;">5,057</div><div id="a198411_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.315px;top:502.1px;display:flex;">(2,245)</div><div id="a198414_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:502.1px;">9,765</div><div id="a198417" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:515.9px;">Total financial liabilities measured<div style="display:inline-block;width:3.9px"> </div>at amortized cost </div><div id="a198419_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:306.995px;top:515.9px;">317,572</div><div id="a198422_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.182px;top:515.9px;">332,556</div><div id="a198425_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:476.875px;top:515.9px;">220,184</div><div id="a198428_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:556.848px;top:515.9px;display:flex;">(125,551)</div><div id="a198431_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:647.208px;top:515.9px;">744,762</div><div id="a198434" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:529.6px;">Financial liabilities at fair value held for trading </div><div id="a198436_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.728px;top:529.6px;">25,711</div><div id="a198439_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:408.742px;top:529.6px;">372</div><div id="a198442_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.328px;top:529.6px;">7,652</div><div id="a198445_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.315px;top:529.6px;display:flex;">(2,046)</div><div id="a198448_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:529.6px;">31,688</div><div id="a198451" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:543.7px;">Derivative financial instruments </div><div id="a198454_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:306.995px;top:543.7px;">116,588</div><div id="a198457_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:401.648px;top:543.7px;">4,053</div><div id="a198460_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.595px;top:543.7px;">35,731</div><div id="a198463_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.582px;top:543.7px;display:flex;">(35,063)</div><div id="a198466_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:647.208px;top:543.7px;">121,309</div><div id="a198469" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:558.4px;">Brokerage payables designated at<div style="display:inline-block;width:4.03px"> </div>fair value </div><div id="a198471_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.728px;top:558.4px;">30,497</div><div id="a198475_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.595px;top:558.4px;">13,548</div><div id="a198478_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:583.342px;top:558.4px;display:flex;">(1)</div><div id="a198481_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:558.4px;">44,045</div><div id="a198484" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:572.6px;">Debt issued designated at fair value </div><div id="a198486_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.728px;top:572.6px;">70,660</div><div id="a198490_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:493.422px;top:572.6px;">785</div><div id="a198493_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:583.808px;top:572.6px;">14</div><div id="a198496_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:572.6px;">71,460</div><div id="a198499" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:586.8px;">Other financial liabilities designated at fair value </div><div id="a198502_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.728px;top:586.8px;">11,127</div><div id="a198506_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.595px;top:586.8px;">24,454</div><div id="a198509_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:566.315px;top:586.8px;display:flex;">(3,167)</div><div id="a198512_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:586.8px;">32,414</div><div id="a198515" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:600.5px;">Total financial liabilities measured<div style="display:inline-block;width:3.9px"> </div>at fair value through profit or<div style="display:inline-block;width:3.84px"> </div>loss </div><div id="a198517_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:306.995px;top:600.5px;">254,584</div><div id="a198520_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:401.648px;top:600.5px;">4,425</div><div id="a198523_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.595px;top:600.5px;">82,171</div><div id="a198526_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.582px;top:600.5px;display:flex;">(40,263)</div><div id="a198529_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:647.208px;top:600.5px;">300,916</div><div id="a198532" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:614.2px;">Provisions </div><div id="a198534_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:316.462px;top:614.2px;">2,023</div><div id="a198537_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:408.742px;top:614.2px;">297</div><div id="a198540_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.328px;top:614.2px;">1,153</div><div id="a198543_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:578.608px;top:614.2px;display:flex;">(21)</div><div id="a198546_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:614.2px;">3,452</div><div id="a198549" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:628.4px;">Other non-financial liabilities </div><div id="a198553_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:316.462px;top:628.4px;">1,799</div><div id="a198556_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:401.648px;top:628.4px;">1,278</div><div id="a198559_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.328px;top:628.4px;">5,528</div><div id="a198562_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:578.608px;top:628.4px;display:flex;">(33)</div><div id="a198565_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:628.4px;">8,572</div><div id="a198568" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:642.1px;">Total liabilities </div><div id="a198570_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:306.995px;top:642.1px;">575,978</div><div id="a198573_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.182px;top:642.1px;">338,556</div><div id="a198576_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:476.875px;top:642.1px;">309,036</div><div id="a198579_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:556.848px;top:642.1px;display:flex;">(165,868)</div><div id="a198582_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:640.115px;top:642.1px;">1,057,702</div><div id="a198591" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:665.3px;">Equity attributable to shareholders </div><div id="a198593_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.728px;top:665.3px;">58,916</div><div id="a198596_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:396.915px;top:665.3px;">16,365</div><div id="a198599_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.595px;top:665.3px;">36,108</div><div id="a198602_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.582px;top:665.3px;display:flex;">(53,287)</div><div id="a198605_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:665.3px;">58,102</div><div id="a198608" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:679.5px;">Equity attributable to non-controlling<div style="display:inline-block;width:3.74px"> </div>interests </div><div id="a198614_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:493.422px;top:679.5px;">340</div><div id="a198618_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.795px;top:679.5px;">340</div><div id="a198621" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:693.3px;">Total equity </div><div id="a198623_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:311.728px;top:693.3px;">58,916</div><div id="a198626_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:396.915px;top:693.3px;">16,365</div><div id="a198629_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:481.595px;top:693.3px;">36,448</div><div id="a198632_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:561.582px;top:693.3px;display:flex;">(53,287)</div><div id="a198635_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:693.3px;">58,442</div><div id="a198638" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:707.4px;">Total liabilities and<div style="display:inline-block;width:3.75px"> </div>equity </div><div id="a198640_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:306.995px;top:707.4px;">634,894</div><div id="a198643_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.182px;top:707.4px;">354,921</div><div id="a198646_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:476.875px;top:707.4px;">345,484</div><div id="a198649_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:556.848px;top:707.4px;display:flex;">(219,154)</div><div id="a198652_1_9" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:640.115px;top:707.4px;">1,116,145</div><div id="a198655" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:722px;">1 Amounts presented for<div style="display:inline-block;width:3.94px"> </div>UBS AG standalone<div style="display:inline-block;width:3.78px"> </div>and UBS Switzerland<div style="display:inline-block;width:3.8px"> </div>AG standalone<div style="display:inline-block;width:3.46px"> </div>represent IFRS<div style="display:inline-block;width:3.64px"> </div>standalone information.<div style="display:inline-block;width:3.61px"> </div>Refer to the<div style="display:inline-block;width:3.57px"> </div>UBS AG standalone<div style="display:inline-block;width:3.82px"> </div>and UBS Switzerland<div style="display:inline-block;width:3.8px"> </div>AG standalone<div style="display:inline-block;width:3.46px"> </div>financial statements, </div><div id="a198658" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:731.9px;">available under “Complementary<div style="display:inline-block;width:3.47px"> </div>financial information”<div style="display:inline-block;width:3.47px"> </div>at ubs.com/investors,<div style="display:inline-block;width:3.61px"> </div>for information prepared<div style="display:inline-block;width:3.46px"> </div>in accordance with Swiss<div style="display:inline-block;width:3.58px"> </div>GAAP.<div style="display:inline-block;width:9.91px"> </div>2 The ”Other subsidiaries“<div style="display:inline-block;width:3.66px"> </div>column includes consolidated<div style="display:inline-block;width:3.9px"> </div>information for the </div><div id="a198662" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:742.3px;">UBS Americas Holding LLC,<div style="display:inline-block;width:3.93px"> </div>UBS Europe SE and UBS Asset<div style="display:inline-block;width:3.81px"> </div>Management AG significant<div style="display:inline-block;width:3.48px"> </div>sub-groups, as well<div style="display:inline-block;width:3.83px"> </div>as standalone information<div style="display:inline-block;width:3.46px"> </div>for other subsidiaries.</div></div> 53839000000 91031000000 47946000000 192817000000 39681000000 7066000000 19858000000 -51245000000 15360000000 50566000000 5438000000 40585000000 -21577000000 75012000000 29939000000 779000000 10314000000 -10518000000 30514000000 101458000000 230170000000 93252000000 -26188000000 398693000000 8902000000 6828000000 12377000000 -1870000000 26236000000 284385000000 341312000000 224332000000 -111397000000 738632000000 116370000000 79000000 16740000000 -2156000000 131033000000 47891000000 0 6073000000 -10568000000 43397000000 113426000000 4199000000 35567000000 -35047000000 118145000000 14563000000 7283000000 -7000000 21839000000 37532000000 5413000000 33940000000 -17243000000 59642000000 281891000000 9691000000 93531000000 -54454000000 330659000000 1007000000 7837000000 8844000000 54204000000 37000000 40000000 -53038000000 1243000000 6501000000 1456000000 4048000000 -293000000 11712000000 213000000 6138000000 28000000 6378000000 936000000 7903000000 8839000000 5757000000 2424000000 1656000000 -1000000 9836000000 634894000000 354921000000 345484000000 -219154000000 1116145000000 34691000000 33453000000 50405000000 -105448000000 13101000000 16711000000 526000000 9910000000 -21615000000 5533000000 30260000000 153000000 11845000000 -10458000000 31801000000 101093000000 286488000000 142967000000 14287000000 544834000000 57295000000 57295000000 73045000000 9460000000 -73000000 82432000000 4477000000 2477000000 5057000000 -2245000000 9765000000 317572000000 332556000000 220184000000 -125551000000 744762000000 25711000000 372000000 7652000000 -2046000000 31688000000 116588000000 4053000000 35731000000 -35063000000 121309000000 30497000000 13548000000 -1000000 44045000000 70660000000 785000000 14000000 71460000000 11127000000 24454000000 -3167000000 32414000000 254584000000 4425000000 82171000000 -40263000000 300916000000 2023000000 297000000 1153000000 -21000000 3452000000 1799000000 1278000000 5528000000 -33000000 8572000000 575978000000 338556000000 309036000000 -165868000000 1057702000000 58916000000 16365000000 36108000000 -53287000000 58102000000 340000000 340000000 58916000000 16365000000 36448000000 -53287000000 58442000000 634894000000 354921000000 345484000000 -219154000000 1116145000000 <div id="TextBlockContainer1795" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:532px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a198705" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Supplemental guarantor consolidated<div style="display:inline-block;width:4.55px"> </div>statement of cash flows </div><div id="a198707" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:19.5px;">USD m </div><div id="a198709" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:402.115px;top:34.2px;">UBS AG</div><div id="a198710" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:430.968px;top:34.9px;">1</div><div id="a198712" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:502.915px;top:22.9px;">UBS </div><div id="a198714" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:459.368px;top:34.2px;">Switzerland AG</div><div id="a198715" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:515.208px;top:34.9px;">1</div><div id="a198717" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:578.128px;top:22.9px;">Other </div><div id="a198719" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:551.182px;top:34.2px;"><div style="display:inline-block;width:2.36px"> </div>subsidiaries</div><div id="a198721" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:595.155px;top:34.9px;">1</div><div id="a198723" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:649.568px;top:22.9px;">UBS AG </div><div id="a198725" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:627.355px;top:34.2px;">(consolidated) </div><div id="a198727" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:34.2px;">For the year ended<div style="display:inline-block;width:3.9px"> </div>31 December 2021 </div><div id="a198729" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:48.4px;">Net cash flow from / (used in) operating<div style="display:inline-block;width:4.43px"> </div>activities </div><div id="a198732_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.048px;top:48.4px;">5,714</div><div id="a198735_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:496.288px;top:48.4px;">2,131</div><div id="a198738_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.982px;top:48.4px;">22,718</div><div id="a198741_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:48.4px;">30,563</div><div id="a198744" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:64.5px;">Cash flow from / (used in) investing activities </div><div id="a198750" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:81.1px;">Purchase of subsidiaries, associates and intangible assets </div><div id="a198752_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:429.075px;top:81.1px;">0</div><div id="a198755_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:508.115px;top:81.1px;display:flex;">(1)</div><div id="a198758_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:593.742px;top:81.1px;">0</div><div id="a198761_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.528px;top:81.1px;display:flex;">(1)</div><div id="a198764" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:97.6px;">Disposal of subsidiaries, associates and intangible<div style="display:inline-block;width:3.99px"> </div>assets</div><div id="a198765" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:208.568px;top:98.3px;">2</div><div id="a198767_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:424.342px;top:97.6px;">16</div><div id="a198770_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.315px;top:97.6px;">0</div><div id="a198773_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:583.808px;top:97.6px;">577</div><div id="a198776_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.795px;top:97.6px;">593</div><div id="a198779" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:113.7px;">Purchase of property,<div style="display:inline-block;width:3.74px"> </div>equipment and software </div><div id="a198781_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:414.408px;top:113.7px;display:flex;">(656)</div><div id="a198784_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:498.648px;top:113.7px;display:flex;">(276)</div><div id="a198787_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:579.075px;top:113.7px;display:flex;">(650)</div><div id="a198790_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.462px;top:113.7px;display:flex;">(1,581)</div><div id="a198793" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:130.3px;">Disposal of property, equipment<div style="display:inline-block;width:3.88px"> </div>and software </div><div id="a198795_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:419.142px;top:130.3px;">294</div><div id="a198798_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.315px;top:130.3px;">0</div><div id="a198801_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:593.742px;top:130.3px;">1</div><div id="a198804_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.795px;top:130.3px;">295</div><div id="a198807" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:146.3px;">Purchase of financial assets measured at fair value through<div style="display:inline-block;width:4.39px"> </div>other comprehensive income </div><div id="a198809_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:406.848px;top:146.3px;display:flex;">(1,006)</div><div id="a198812_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.315px;top:146.3px;">0</div><div id="a198815_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.515px;top:146.3px;display:flex;">(4,795)</div><div id="a198818_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.462px;top:146.3px;display:flex;">(5,802)</div><div id="a198821" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:161px;">Disposal and redemption of financial assets measured at<div style="display:inline-block;width:3.83px"> </div>fair value through other comprehensive </div><div id="a198822" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:172.8px;">income </div><div id="a198824_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:419.142px;top:172.8px;">189</div><div id="a198827_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.315px;top:172.8px;">0</div><div id="a198830_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.715px;top:172.8px;">4,863</div><div id="a198833_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:172.8px;">5,052</div><div id="a198836" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:187.5px;">Net (purchase) / redemption of debt securities measured at amortized<div style="display:inline-block;width:4.14px"> </div>cost </div><div id="a198838_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:414.408px;top:187.5px;display:flex;">(807)</div><div id="a198841_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:503.382px;top:187.5px;">772</div><div id="a198844_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:579.075px;top:187.5px;display:flex;">(380)</div><div id="a198847_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:659.062px;top:187.5px;display:flex;">(415)</div><div id="a198850" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:203.1px;">Net cash flow from / (used in)<div style="display:inline-block;width:3.74px"> </div>investing activities </div><div id="a198853_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:406.848px;top:203.1px;display:flex;">(1,970)</div><div id="a198856_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:503.382px;top:203.1px;">495</div><div id="a198859_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:579.075px;top:203.1px;display:flex;">(385)</div><div id="a198862_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.462px;top:203.1px;display:flex;">(1,860)</div><div id="a198865" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:219.7px;">Cash flow from / (used in) financing activities </div><div id="a198871" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:235.8px;">Net short-term debt issued / (repaid) </div><div id="a198875_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:406.848px;top:235.8px;display:flex;">(3,073)</div><div id="a198878_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:503.382px;top:235.8px;display:flex;">(21)</div><div id="a198881_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:593.742px;top:235.8px;">0</div><div id="a198884_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.462px;top:235.8px;display:flex;">(3,093)</div><div id="a198887" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:252.3px;">Distributions paid on UBS AG shares </div><div id="a198889_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:406.848px;top:252.3px;display:flex;">(4,539)</div><div id="a198892_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.315px;top:252.3px;">0</div><div id="a198895_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:593.742px;top:252.3px;">0</div><div id="a198898_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.462px;top:252.3px;display:flex;">(4,539)</div><div id="a198901" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:268.4px;">Issuance of debt designated at fair value and long<div style="display:inline-block;width:1.4px"> </div>-term debt measured at amortized cost</div><div id="a198904" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:326.395px;top:269.1px;">3</div><div id="a198906_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:268.4px;">97,250</div><div id="a198909_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:496.288px;top:268.4px;">1,177</div><div id="a198912_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:583.808px;top:268.4px;">193</div><div id="a198915_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:268.4px;">98,619</div><div id="a198918" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:285px;">Repayment of debt designated at fair value and<div style="display:inline-block;width:3.77px"> </div>long-term debt measured at amortized cost</div><div id="a198921" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:335.848px;top:285.6px;">3</div><div id="a198923_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:402.115px;top:286.4px;display:flex;">(78,385)</div><div id="a198926_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:491.062px;top:286.4px;display:flex;">(1,093)</div><div id="a198929_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:579.075px;top:286.4px;display:flex;">(320)</div><div id="a198932_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:646.742px;top:286.4px;display:flex;">(79,799)</div><div id="a198935" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:301.1px;">Net cash flows from other financing activities </div><div id="a198938_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:414.408px;top:301.1px;display:flex;">(280)</div><div id="a198941_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.315px;top:301.1px;">0</div><div id="a198944_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:589.008px;top:301.1px;">20</div><div id="a198947_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:659.062px;top:301.1px;display:flex;">(261)</div><div id="a198950" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:317.6px;">Net activity related to group internal capital transactions<div style="display:inline-block;width:3.78px"> </div>and dividends </div><div id="a198952_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.048px;top:317.6px;">5,240</div><div id="a198955_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:498.648px;top:317.6px;display:flex;">(537)</div><div id="a198958_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.515px;top:317.6px;display:flex;">(4,702)</div><div id="a198961_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:317.6px;">0</div><div id="a198964" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:333.2px;">Net cash flow from / (used in)<div style="display:inline-block;width:3.74px"> </div>financing activities </div><div id="a198966_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:333.2px;">16,212</div><div id="a198969_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:498.648px;top:333.2px;display:flex;">(475)</div><div id="a198972_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.515px;top:333.2px;display:flex;">(4,811)</div><div id="a198975_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:333.2px;">10,927</div><div id="a198983" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#000000;left:3.679px;top:364.8px;">Total<div style="display:inline-block;width:4.32px"> </div>cash flow </div><div id="a198989" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:380.1px;">Cash and cash equivalents at the beginning<div style="display:inline-block;width:4.16px"> </div>of the year </div><div id="a198991_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:380.1px;">39,400</div><div id="a198994_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:491.528px;top:380.1px;">93,342</div><div id="a198997_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.982px;top:380.1px;">40,689</div><div id="a199000_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:647.208px;top:380.1px;">173,430</div><div id="a199003" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:396.6px;">Net cash flow from / (used in) operating, investing<div style="display:inline-block;width:3.77px"> </div>and financing activities </div><div id="a199005_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:396.6px;">19,957</div><div id="a199008_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:496.288px;top:396.6px;">2,151</div><div id="a199011_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.982px;top:396.6px;">17,523</div><div id="a199014_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:396.6px;">39,630</div><div id="a199017" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:412.7px;">Effects of exchange rate differences on cash and<div style="display:inline-block;width:3.77px"> </div>cash equivalents </div><div id="a199020_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:406.848px;top:412.7px;display:flex;">(1,462)</div><div id="a199023_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:491.062px;top:412.7px;display:flex;">(2,693)</div><div id="a199026_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.515px;top:412.7px;display:flex;">(1,151)</div><div id="a199029_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.462px;top:412.7px;display:flex;">(5,306)</div><div id="a199032" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:428.8px;">Cash and cash equivalents at the end<div style="display:inline-block;width:3.9px"> </div>of the year</div><div id="a199033" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:181.142px;top:429.4px;">4</div><div id="a199035_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:428.8px;">57,895</div><div id="a199038_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:491.528px;top:428.8px;">92,799</div><div id="a199041_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.982px;top:428.8px;">57,061</div><div id="a199044_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:647.208px;top:428.8px;">207,755</div><div id="a199047" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.664px;top:444.9px;">of which: cash and balances at central banks </div><div id="a199049_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:407.315px;top:444.9px;">53,729</div><div id="a199052_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:491.528px;top:444.9px;">91,031</div><div id="a199055_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:571.982px;top:444.9px;">47,946</div><div id="a199058_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:647.208px;top:444.9px;">192,706</div><div id="a199061" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.664px;top:461.4px;">of which: loans and advances to banks </div><div id="a199064_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:412.048px;top:461.4px;">3,258</div><div id="a199067_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:496.288px;top:461.4px;">1,588</div><div id="a199070_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:576.715px;top:461.4px;">8,975</div><div id="a199073_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:651.968px;top:461.4px;">13,822</div><div id="a199076" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.664px;top:477.5px;">of which: money market paper</div><div id="a199077" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;color:#000000;left:123.382px;top:478.1px;">5</div><div id="a199079_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:419.142px;top:477.5px;">908</div><div id="a199082_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:503.382px;top:477.5px;">179</div><div id="a199085_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:583.808px;top:477.5px;">139</div><div id="a199088_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:656.702px;top:477.5px;">1,227</div><div id="a199091" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:493px;">1 Cash flows generally<div style="display:inline-block;width:4.12px"> </div>represent a third<div style="display:inline-block;width:1.52px"> </div>-party view from<div style="display:inline-block;width:3.63px"> </div>a UBS AG consolidated<div style="display:inline-block;width:4.25px"> </div>perspective, except<div style="display:inline-block;width:3.94px"> </div>for Net activity<div style="display:inline-block;width:3.46px"> </div>related to group<div style="display:inline-block;width:4.09px"> </div>internal capital transactions<div style="display:inline-block;width:4.58px"> </div>and dividends.<div style="display:inline-block;width:10.25px"> </div>2 Includes cash<div style="display:inline-block;width:3.81px"> </div>proceeds from the </div><div id="a199095" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:503px;">sale of the minority stake in<div style="display:inline-block;width:3.63px"> </div>Clearstream Fund Centre<div style="display:inline-block;width:3.48px"> </div>AG and dividends<div style="display:inline-block;width:3.61px"> </div>received from associates.<div style="display:inline-block;width:10.08px"> </div>3 Includes funding from<div style="display:inline-block;width:3.65px"> </div>UBS Group AG to<div style="display:inline-block;width:3.39px"> </div>UBS AG.<div style="display:inline-block;width:9.3px"> </div>4 Balances with an original<div style="display:inline-block;width:3.61px"> </div>maturity of three months<div style="display:inline-block;width:3.62px"> </div>or less. </div><div id="a199100" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:513.4px;">USD </div><div id="a199100_4_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:18.812px;top:513.4px;">3,408</div><div id="a199100_9_208" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:37.728px;top:513.4px;">m of cash and cash equivalents were<div style="display:inline-block;width:3.65px"> </div>restricted.<div style="display:inline-block;width:8.2px"> </div>5 Money market<div style="display:inline-block;width:3.61px"> </div>paper is included in the balance sheet under<div style="display:inline-block;width:3.83px"> </div>Financial assets at fair value held<div style="display:inline-block;width:3.49px"> </div>for trading, Financial assets measured<div style="display:inline-block;width:4.04px"> </div>at fair value through </div><div id="a199104" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:523.3px;">other comprehensive income,<div style="display:inline-block;width:3.75px"> </div>Financial assets at fair<div style="display:inline-block;width:3.5px"> </div>value not held for trading<div style="display:inline-block;width:3.46px"> </div>and Other financial assets<div style="display:inline-block;width:3.8px"> </div>measured at amortized<div style="display:inline-block;width:3.41px"> </div>cost.</div></div> 5714000000 2131000000 22718000000 30563000000 0 1000000 0 1000000 16000000 0 577000000 593000000 656000000 276000000 650000000 1581000000 294000000 0 1000000 295000000 1006000000 0 4795000000 5802000000 189000000 0 4863000000 5052000000 -807000000 772000000 -380000000 -415000000 -1970000000 495000000 -385000000 -1860000000 -3073000000 -21000000 0 -3093000000 4539000000 0 0 4539000000 97250000000 1177000000 193000000 98619000000 78385000000 1093000000 320000000 79799000000 -280000000 0 20000000 -261000000 5240000000 -537000000 -4702000000 0 16212000000 -475000000 -4811000000 10927000000 39400000000 93342000000 40689000000 173430000000 19957000000 2151000000 17523000000 39630000000 -1462000000 -2693000000 -1151000000 -5306000000 57895000000 92799000000 57061000000 207755000000 53729000000 91031000000 47946000000 192706000000 3258000000 1588000000 8975000000 13822000000 908000000 179000000 139000000 1227000000 3408000000 <div id="TextBlockContainer1799" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:429px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a199146" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Supplemental guarantor consolidated<div style="display:inline-block;width:4.58px"> </div>income statement </div><div id="a199150" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:19.5px;">USD m </div><div id="a199152" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:339.662px;top:27.6px;">UBS AG </div><div id="a199154" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:320.248px;top:39.4px;">(standalone)</div><div id="a199155" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:365.195px;top:40.1px;">1</div><div id="a199157" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:433.328px;top:16.2px;">UBS </div><div id="a199159" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:392.662px;top:27.6px;">Switzerland AG </div><div id="a199161" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:400.222px;top:39.4px;">(standalone)</div><div id="a199162" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:445.182px;top:40.1px;">1</div><div id="a199164" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:507.635px;top:27.6px;">Other<div style="display:inline-block;width:2.46px"> </div></div><div id="a199166" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:483.488px;top:39.4px;">subsidiaries</div><div id="a199167" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:525.142px;top:40.1px;">2</div><div id="a199169" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:562.528px;top:27.6px;">Elimination </div><div id="a199171" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:579.075px;top:39.4px;">entries </div><div id="a199173" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:649.568px;top:27.6px;">UBS AG </div><div id="a199175" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:627.355px;top:39.4px;">(consolidated) </div><div id="a199177" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:39.4px;">For the year ended<div style="display:inline-block;width:3.9px"> </div>31 December 2020 </div><div id="a199179" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:51.7px;">Interest income from financial instruments measured<div style="display:inline-block;width:3.82px"> </div>at amortized cost and </div><div id="a199181" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:63.6px;">fair value through other comprehensive<div style="display:inline-block;width:3.81px"> </div>income </div><div id="a199183_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:63.6px;">3,386</div><div id="a199186_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:63.6px;">3,636</div><div id="a199189_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.688px;top:63.6px;">2,612</div><div id="a199192_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:583.808px;top:63.6px;display:flex;">(818)</div><div id="a199195_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:63.6px;">8,816</div><div id="a199198" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:78.2px;">Interest expense from financial instruments measured<div style="display:inline-block;width:3.77px"> </div>at amortized cost </div><div id="a199200_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:341.555px;top:78.2px;display:flex;">(3,694)</div><div id="a199203_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:429.075px;top:78.2px;display:flex;">(513)</div><div id="a199206_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.488px;top:78.2px;display:flex;">(1,261)</div><div id="a199209_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:581.448px;top:78.2px;">1,134</div><div id="a199212_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.462px;top:78.2px;display:flex;">(4,333)</div><div id="a199215" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:92.9px;">Net interest income from financial instruments measured<div style="display:inline-block;width:3.83px"> </div>at fair value through </div><div id="a199217" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:104.7px;">profit or loss and other </div><div id="a199219_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:104.7px;">1,103</div><div id="a199222_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:433.808px;top:104.7px;">164</div><div id="a199225_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.782px;top:104.7px;">311</div><div id="a199228_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:583.808px;top:104.7px;display:flex;">(273)</div><div id="a199231_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:104.7px;">1,305</div><div id="a199234" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:118.5px;">Net interest income </div><div id="a199236_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:353.848px;top:118.5px;">794</div><div id="a199239_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:118.5px;">3,288</div><div id="a199242_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.688px;top:118.5px;">1,662</div><div id="a199245_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:593.742px;top:118.5px;">43</div><div id="a199248_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:118.5px;">5,788</div><div id="a199251" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:132.6px;">Other net income from financial instruments measured<div style="display:inline-block;width:3.73px"> </div>at fair value through </div><div id="a199253" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:144.5px;">profit or loss </div><div id="a199255_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:144.5px;">4,857</div><div id="a199258_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:433.808px;top:144.5px;">911</div><div id="a199261_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.688px;top:144.5px;">1,044</div><div id="a199264_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:588.542px;top:144.5px;">118</div><div id="a199267_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:144.5px;">6,930</div><div id="a199270" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:159.1px;">Fee and commission income </div><div id="a199272_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:159.1px;">3,731</div><div id="a199275_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:159.1px;">4,585</div><div id="a199278_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.968px;top:159.1px;">13,651</div><div id="a199281_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:583.808px;top:159.1px;display:flex;">(984)</div><div id="a199284_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:159.1px;">20,982</div><div id="a199287" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:175.2px;">Fee and commission expense </div><div id="a199289_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:349.128px;top:175.2px;display:flex;">(644)</div><div id="a199292_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:429.075px;top:175.2px;display:flex;">(829)</div><div id="a199295_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.488px;top:175.2px;display:flex;">(1,263)</div><div id="a199298_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:588.542px;top:175.2px;">961</div><div id="a199301_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.462px;top:175.2px;display:flex;">(1,775)</div><div id="a199304" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:190.8px;">Net fee and commission income </div><div id="a199306_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:190.8px;">3,087</div><div id="a199309_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:190.8px;">3,756</div><div id="a199312_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.968px;top:190.8px;">12,388</div><div id="a199315_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:588.542px;top:190.8px;display:flex;">(23)</div><div id="a199318_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:190.8px;">19,207</div><div id="a199321" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:207.4px;">Other income </div><div id="a199323_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:207.4px;">4,671</div><div id="a199326_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:433.808px;top:207.4px;">233</div><div id="a199329_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.688px;top:207.4px;">2,585</div><div id="a199332_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.248px;top:207.4px;display:flex;">(5,941)</div><div id="a199335_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:207.4px;">1,549</div><div id="a199338" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:223px;">Total revenues </div><div id="a199340_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:342.022px;top:223px;">13,410</div><div id="a199343_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:223px;">8,188</div><div id="a199346_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.968px;top:223px;">17,679</div><div id="a199349_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.248px;top:223px;display:flex;">(5,803)</div><div id="a199352_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:223px;">33,474</div><div id="a199355" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:239.5px;">Credit loss expense / (release) </div><div id="a199357_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:353.848px;top:239.5px;">352</div><div id="a199360_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:433.808px;top:239.5px;">286</div><div id="a199363_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:518.995px;top:239.5px;">56</div><div id="a199366_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:598.475px;top:239.5px;">0</div><div id="a199369_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.795px;top:239.5px;">695</div><div id="a199372" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:255.6px;">Personnel expenses </div><div id="a199374_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:255.6px;">3,458</div><div id="a199377_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:255.6px;">2,017</div><div id="a199380_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.688px;top:255.6px;">9,211</div><div id="a199383_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:598.475px;top:255.6px;">0</div><div id="a199386_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:255.6px;">14,686</div><div id="a199389" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:272.2px;">General and administrative expenses </div><div id="a199391_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:272.2px;">3,507</div><div id="a199394_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:272.2px;">3,313</div><div id="a199397_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.688px;top:272.2px;">4,147</div><div id="a199400_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.248px;top:272.2px;display:flex;">(2,481)</div><div id="a199403_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:272.2px;">8,486</div><div id="a199406" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:288.3px;">Depreciation, amortization and impairment of non<div style="display:inline-block;width:1.5px"> </div>-financial assets </div><div id="a199410_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:290.2px;">1,013</div><div id="a199413_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:433.808px;top:290.2px;">261</div><div id="a199416_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.782px;top:290.2px;">750</div><div id="a199419_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:583.808px;top:290.2px;display:flex;">(115)</div><div id="a199422_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:290.2px;">1,909</div><div id="a199425" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:303.9px;">Operating expenses </div><div id="a199427_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:303.9px;">7,978</div><div id="a199430_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:303.9px;">5,591</div><div id="a199433_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:501.968px;top:303.9px;">14,108</div><div id="a199436_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.248px;top:303.9px;display:flex;">(2,596)</div><div id="a199439_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:303.9px;">25,081</div><div id="a199442" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:320.4px;">Operating profit / (loss) before<div style="display:inline-block;width:3.73px"> </div>tax </div><div id="a199444_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:320.4px;">5,079</div><div id="a199447_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:320.4px;">2,311</div><div id="a199450_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.688px;top:320.4px;">3,515</div><div id="a199453_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.248px;top:320.4px;display:flex;">(3,207)</div><div id="a199456_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:320.4px;">7,699</div><div id="a199459" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:336.5px;">Tax expense / (benefit) </div><div id="a199461_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:353.848px;top:336.5px;">238</div><div id="a199464_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:433.808px;top:336.5px;">444</div><div id="a199467_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.782px;top:336.5px;">912</div><div id="a199470_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:583.808px;top:336.5px;display:flex;">(107)</div><div id="a199473_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:336.5px;">1,488</div><div id="a199476" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:352.6px;">Net profit / (loss) </div><div id="a199478_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:352.6px;">4,840</div><div id="a199481_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:352.6px;">1,868</div><div id="a199484_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.688px;top:352.6px;">2,603</div><div id="a199487_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.248px;top:352.6px;display:flex;">(3,100)</div><div id="a199490_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:352.6px;">6,211</div><div id="a199493" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:368.7px;">Net profit / (loss) attributable to non-controlling<div style="display:inline-block;width:3.95px"> </div>interests </div><div id="a199497_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:363.782px;top:368.7px;">0</div><div id="a199500_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:443.768px;top:368.7px;">0</div><div id="a199503_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:518.995px;top:368.7px;">15</div><div id="a199506_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:598.475px;top:368.7px;">0</div><div id="a199509_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.995px;top:368.7px;">15</div><div id="a199512" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:384.3px;">Net profit / (loss) attributable to shareholders </div><div id="a199515_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:346.755px;top:384.3px;">4,840</div><div id="a199518_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:426.715px;top:384.3px;">1,868</div><div id="a199521_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:506.688px;top:384.3px;">2,588</div><div id="a199524_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.248px;top:384.3px;display:flex;">(3,100)</div><div id="a199527_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:384.3px;">6,196</div><div id="a199530" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:399.8px;">1 Amounts presented<div style="display:inline-block;width:3.63px"> </div>for UBS AG<div style="display:inline-block;width:3.78px"> </div>standalone and<div style="display:inline-block;width:3.79px"> </div>UBS Switzerland AG<div style="display:inline-block;width:3.94px"> </div>standalone represent<div style="display:inline-block;width:3.63px"> </div>IFRS standalone<div style="display:inline-block;width:3.63px"> </div>information. Refer<div style="display:inline-block;width:3.62px"> </div>to the UBS<div style="display:inline-block;width:3.57px"> </div>AG standalone<div style="display:inline-block;width:3.93px"> </div>and UBS Switzerland<div style="display:inline-block;width:3.8px"> </div>AG standalone<div style="display:inline-block;width:3.46px"> </div>financial<div style="display:inline-block;width:3.44px"> </div>statements </div><div id="a199533" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:409.7px;">under “Complementary<div style="display:inline-block;width:3.94px"> </div>financial information”<div style="display:inline-block;width:4.89px"> </div>at ubs.com/investors<div style="display:inline-block;width:4.39px"> </div>for information<div style="display:inline-block;width:4.71px"> </div>prepared in<div style="display:inline-block;width:3.48px"> </div>accordance<div style="display:inline-block;width:3.48px"> </div>with Swiss<div style="display:inline-block;width:3.94px"> </div>GAAP.<div style="display:inline-block;width:11.8px"> </div>2 The<div style="display:inline-block;width:4.54px"> </div>”Other subsidiaries“<div style="display:inline-block;width:4.27px"> </div>column includes<div style="display:inline-block;width:4.24px"> </div>consolidated information<div style="display:inline-block;width:4.38px"> </div>for the<div style="display:inline-block;width:4.1px"> </div>UBS </div><div id="a199536" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:420.2px;">Americas Holding LLC,<div style="display:inline-block;width:3.61px"> </div>UBS Europe SE and UBS Asset<div style="display:inline-block;width:3.9px"> </div>Management AG significant<div style="display:inline-block;width:3.48px"> </div>sub-groups, as well<div style="display:inline-block;width:3.71px"> </div>as standalone information<div style="display:inline-block;width:3.46px"> </div>for other subsidiaries.</div></div> 3386000000 3636000000 2612000000 -818000000 8816000000 3694000000 513000000 1261000000 -1134000000 4333000000 1103000000 164000000 311000000 -273000000 1305000000 794000000 3288000000 1662000000 43000000 5788000000 4857000000 911000000 1044000000 118000000 6930000000 3731000000 4585000000 13651000000 -984000000 20982000000 644000000 829000000 1263000000 -961000000 1775000000 3087000000 3756000000 12388000000 -23000000 19207000000 4671000000 233000000 2585000000 -5941000000 1549000000 13410000000 8188000000 17679000000 -5803000000 33474000000 352000000 286000000 56000000 0 695000000 3458000000 2017000000 9211000000 0 14686000000 3507000000 3313000000 4147000000 -2481000000 8486000000 1013000000 261000000 750000000 -115000000 1909000000 7978000000 5591000000 14108000000 -2596000000 25081000000 5079000000 2311000000 3515000000 -3207000000 7699000000 238000000 444000000 912000000 -107000000 1488000000 4840000000 1868000000 2603000000 -3100000000 6211000000 0 0 15000000 0 15000000 4840000000 1868000000 2588000000 -3100000000 6196000000 <div id="TextBlockContainer1803" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:685px;height:480px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a199544" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Supplemental guarantor consolidated<div style="display:inline-block;width:4.55px"> </div>statement of comprehensive income </div><div id="a199548" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:19.5px;">USD m </div><div id="a199550" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:308.422px;top:30px;">UBS AG </div><div id="a199552" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:289.035px;top:41.3px;">(standalone)</div><div id="a199553" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:333.955px;top:41.9px;">1</div><div id="a199555" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:406.848px;top:18.1px;">UBS </div><div id="a199557" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:366.142px;top:30px;">Switzerland AG </div><div id="a199559" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:373.715px;top:41.3px;">(standalone)</div><div id="a199560" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:418.675px;top:41.9px;">1</div><div id="a199562" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:486.328px;top:30px;">Other<div style="display:inline-block;width:2.49px"> </div></div><div id="a199564" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:462.208px;top:41.3px;">subsidiaries</div><div id="a199565" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:503.862px;top:41.9px;">2</div><div id="a199567" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:551.648px;top:30px;">Elimination </div><div id="a199569" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:568.208px;top:41.3px;">entries </div><div id="a199571" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:648.635px;top:30px;">UBS AG </div><div id="a199573" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:626.408px;top:41.3px;">(consolidated) </div><div id="a199575" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:41.3px;">For the year ended<div style="display:inline-block;width:3.9px"> </div>31 December 2020 </div><div id="a199583" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:67.8px;">Comprehensive income attributable to shareholders </div><div id="a199590" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:83.9px;">Net profit / (loss) </div><div id="a199592_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:315.515px;top:83.9px;">4,840</div><div id="a199595_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:400.222px;top:83.9px;">1,868</div><div id="a199598_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:485.382px;top:83.9px;">2,588</div><div id="a199601_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:565.368px;top:83.9px;display:flex;">(3,100)</div><div id="a199604_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.755px;top:83.9px;">6,196</div><div id="a199613" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:111.8px;">Other comprehensive income </div><div id="a199621" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:127.4px;">Other comprehensive income that<div style="display:inline-block;width:3.78px"> </div>may be reclassified to the income </div><div id="a199622" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:138.8px;">statement </div><div id="a199629" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:154.9px;">Foreign currency translation, net<div style="display:inline-block;width:3.86px"> </div>of tax </div><div id="a199631_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:327.808px;top:154.9px;">81</div><div id="a199634_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:400.222px;top:154.9px;">1,228</div><div id="a199637_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:492.475px;top:154.9px;">690</div><div id="a199640_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:572.928px;top:154.9px;display:flex;">(969)</div><div id="a199643_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.755px;top:154.9px;">1,030</div><div id="a199646" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:169.5px;">Financial assets measured at fair value through<div style="display:inline-block;width:4.15px"> </div>other </div><div id="a199647" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:181.3px;">comprehensive income, net of tax </div><div id="a199649_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:332.542px;top:181.3px;">0</div><div id="a199652_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:417.248px;top:181.3px;">0</div><div id="a199655_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:492.475px;top:181.3px;">137</div><div id="a199658_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:587.595px;top:181.3px;">0</div><div id="a199661_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:662.848px;top:181.3px;">136</div><div id="a199664" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:196px;">Cash flow hedges, net of tax </div><div id="a199666_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:322.608px;top:196px;">902</div><div id="a199669_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.528px;top:196px;">26</div><div id="a199672_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:492.475px;top:196px;">101</div><div id="a199675_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:577.662px;top:196px;display:flex;">(18)</div><div id="a199678_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.755px;top:196px;">1,011</div><div id="a199681" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:212.6px;">Cost of hedging, net of tax </div><div id="a199683_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:322.608px;top:212.6px;display:flex;">(13)</div><div id="a199689_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:662.848px;top:212.6px;display:flex;">(13)</div><div id="a199692" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:227.3px;">Total other comprehensive<div style="display:inline-block;width:3.77px"> </div>income that may be reclassified to<div style="display:inline-block;width:3.8px"> </div>the </div><div id="a199693" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:239.1px;">income statement, net of tax </div><div id="a199695_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:322.608px;top:239.5px;">971</div><div id="a199698_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:400.222px;top:239.5px;">1,254</div><div id="a199701_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:492.475px;top:239.5px;">928</div><div id="a199704_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:572.928px;top:239.5px;display:flex;">(988)</div><div id="a199707_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.755px;top:239.5px;">2,165</div><div id="a199716" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:264.6px;">Other comprehensive income that will not<div style="display:inline-block;width:3.89px"> </div>be reclassified to the </div><div id="a199717" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:276px;">income statement </div><div id="a199724" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:290.7px;">Defined benefit plans, net of tax </div><div id="a199726_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:322.608px;top:290.7px;display:flex;">(67)</div><div id="a199729_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:402.595px;top:290.7px;display:flex;">(107)</div><div id="a199732_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:497.715px;top:290.7px;">40</div><div id="a199735_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:587.595px;top:290.7px;">0</div><div id="a199738_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:658.115px;top:290.7px;display:flex;">(134)</div><div id="a199741" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:308.6px;">Own credit on financial liabilities designated at fair value,<div style="display:inline-block;width:4.37px"> </div>net of tax </div><div id="a199744_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:317.875px;top:308.6px;display:flex;">(293)</div><div id="a199750_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:658.115px;top:308.6px;display:flex;">(293)</div><div id="a199753" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:325.2px;">Total other comprehensive<div style="display:inline-block;width:3.77px"> </div>income that will not be reclassified to </div><div id="a199754" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:337px;">the income statement, net of tax </div><div id="a199756_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:317.875px;top:337px;display:flex;">(360)</div><div id="a199759_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:402.595px;top:337px;display:flex;">(107)</div><div id="a199762_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:497.715px;top:337px;">40</div><div id="a199765_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:587.595px;top:337px;">0</div><div id="a199768_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:658.115px;top:337px;display:flex;">(427)</div><div id="a199777" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:364.5px;">Total other comprehensive<div style="display:inline-block;width:3.77px"> </div>income </div><div id="a199779_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:322.608px;top:364.5px;">611</div><div id="a199782_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:400.222px;top:364.5px;">1,147</div><div id="a199785_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:492.475px;top:364.5px;">968</div><div id="a199788_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:572.928px;top:364.5px;display:flex;">(988)</div><div id="a199791_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.755px;top:364.5px;">1,738</div><div id="a199794" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:381.5px;">Total comprehensive<div style="display:inline-block;width:3.8px"> </div>income attributable to shareholders </div><div id="a199797_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:315.515px;top:381.5px;">5,451</div><div id="a199800_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:400.222px;top:381.5px;">3,015</div><div id="a199803_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:485.382px;top:381.5px;">3,556</div><div id="a199806_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:565.368px;top:381.5px;display:flex;">(4,088)</div><div id="a199809_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.755px;top:381.5px;">7,934</div><div id="a199818" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:415.5px;">Total comprehensive income attributable to<div style="display:inline-block;width:3.73px"> </div>non-controlling interests </div><div id="a199824_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:497.715px;top:421.7px;">36</div><div id="a199828_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:668.048px;top:421.7px;">36</div><div id="a199831" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:435.9px;">Total comprehensive<div style="display:inline-block;width:3.8px"> </div>income </div><div id="a199833_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:315.515px;top:435.9px;">5,451</div><div id="a199836_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:400.222px;top:435.9px;">3,015</div><div id="a199839_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:485.382px;top:435.9px;">3,592</div><div id="a199842_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:565.368px;top:435.9px;display:flex;">(4,088)</div><div id="a199845_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:655.755px;top:435.9px;">7,970</div><div id="a199848" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:451.4px;">1 Amounts presented<div style="display:inline-block;width:3.63px"> </div>for UBS AG<div style="display:inline-block;width:3.85px"> </div>standalone and UBS<div style="display:inline-block;width:3.64px"> </div>Switzerland AG<div style="display:inline-block;width:3.62px"> </div>standalone represent<div style="display:inline-block;width:3.63px"> </div>IFRS standalone<div style="display:inline-block;width:3.63px"> </div>information. Refer to<div style="display:inline-block;width:3.77px"> </div>the UBS AG<div style="display:inline-block;width:3.78px"> </div>standalone and UBS<div style="display:inline-block;width:3.64px"> </div>Switzerland AG<div style="display:inline-block;width:3.88px"> </div>standalone financial<div style="display:inline-block;width:3.64px"> </div>statements </div><div id="a199851" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:461.3px;">under “Complementary<div style="display:inline-block;width:3.94px"> </div>financial information”<div style="display:inline-block;width:4.42px"> </div>at ubs.com/investors<div style="display:inline-block;width:4.87px"> </div>for information<div style="display:inline-block;width:4.24px"> </div>prepared in<div style="display:inline-block;width:3.67px"> </div>accordance<div style="display:inline-block;width:3.48px"> </div>with Swiss<div style="display:inline-block;width:3.94px"> </div>GAAP.<div style="display:inline-block;width:11.8px"> </div>2 The<div style="display:inline-block;width:3.8px"> </div>”Other subsidiaries“<div style="display:inline-block;width:4.74px"> </div>column includes<div style="display:inline-block;width:3.77px"> </div>consolidated<div style="display:inline-block;width:3.45px"> </div>information<div style="display:inline-block;width:3.45px"> </div>for the<div style="display:inline-block;width:3.63px"> </div>UBS </div><div id="a199853" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:471.3px;">Americas Holding LLC,<div style="display:inline-block;width:3.61px"> </div>UBS Europe SE and UBS Asset<div style="display:inline-block;width:3.88px"> </div>Management AG significant<div style="display:inline-block;width:3.48px"> </div>sub-groups, as well<div style="display:inline-block;width:3.73px"> </div>as standalone information<div style="display:inline-block;width:3.46px"> </div>for other subsidiaries.</div></div> 4840000000 1868000000 2588000000 -3100000000 6196000000 81000000 1228000000 690000000 -969000000 1030000000 0 0 137000000 0 136000000 902000000 26000000 101000000 -18000000 1011000000 -13000000 -13000000 971000000 1254000000 928000000 -988000000 2165000000 -67000000 -107000000 40000000 0 -134000000 -293000000 -293000000 -360000000 -107000000 40000000 0 -427000000 611000000 1147000000 968000000 -988000000 1738000000 5451000000 3015000000 3556000000 -4088000000 7934000000 36000000 36000000 5451000000 3015000000 3592000000 -4088000000 7970000000 <div id="TextBlockContainer1807" style="position:relative;font-family:'Frutiger';font-size:9.931px;color:#9A3D37;line-height:normal;width:686px;height:531px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a199898" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;left:3.679px;top:0px;">Supplemental guarantor consolidated<div style="display:inline-block;width:4.55px"> </div>statement of cash flows </div><div id="a199901" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:3.679px;top:19.5px;">USD m </div><div id="a199903" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:402.115px;top:34.2px;">UBS AG</div><div id="a199904" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:430.968px;top:34.9px;">1</div><div id="a199906" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:502.915px;top:22.9px;">UBS </div><div id="a199908" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:459.368px;top:34.2px;">Switzerland AG</div><div id="a199909" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:515.208px;top:34.9px;">1</div><div id="a199911" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:578.128px;top:22.9px;">Other </div><div id="a199913" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:551.182px;top:34.2px;"><div style="display:inline-block;width:2.36px"> </div>subsidiaries</div><div id="a199915" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:595.155px;top:34.9px;">1</div><div id="a199917" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:649.568px;top:22.9px;">UBS AG </div><div id="a199919" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:627.355px;top:34.2px;">(consolidated) </div><div id="a199921" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:34.2px;">For the year ended<div style="display:inline-block;width:3.9px"> </div>31 December 2020 </div><div id="a199924" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:48.4px;">Net cash flow from / (used in) operating<div style="display:inline-block;width:4.33px"> </div>activities </div><div id="a199926_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:402.115px;top:48.4px;display:flex;">(14,883)</div><div id="a199929_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:491.528px;top:48.4px;">24,661</div><div id="a199932_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.982px;top:48.4px;">26,804</div><div id="a199935_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:48.4px;">36,581</div><div id="a199938" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:64.5px;">Cash flow from / (used in) investing activities </div><div id="a199944" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:81.1px;">Purchase of subsidiaries, associates and intangible assets </div><div id="a199946_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:429.075px;top:81.1px;">0</div><div id="a199949_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:508.115px;top:81.1px;display:flex;">(3)</div><div id="a199952_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:583.808px;top:81.1px;display:flex;">(43)</div><div id="a199955_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.795px;top:81.1px;display:flex;">(46)</div><div id="a199958" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:97.6px;">Disposal of subsidiaries, associates and intangible<div style="display:inline-block;width:3.99px"> </div>assets</div><div id="a199959" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:208.568px;top:98.3px;">2</div><div id="a199961_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:424.342px;top:97.6px;">14</div><div id="a199964_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.315px;top:97.6px;">0</div><div id="a199967_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:583.808px;top:97.6px;">660</div><div id="a199970_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.795px;top:97.6px;">674</div><div id="a199973" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:113.7px;">Purchase of property,<div style="display:inline-block;width:3.74px"> </div>equipment and software </div><div id="a199975_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:414.408px;top:113.7px;display:flex;">(714)</div><div id="a199978_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:498.648px;top:113.7px;display:flex;">(162)</div><div id="a199981_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:579.075px;top:113.7px;display:flex;">(697)</div><div id="a199984_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.462px;top:113.7px;display:flex;">(1,573)</div><div id="a199987" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:130.3px;">Disposal of property, equipment<div style="display:inline-block;width:3.88px"> </div>and software </div><div id="a199989_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:419.142px;top:130.3px;">361</div><div id="a199992_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.315px;top:130.3px;">0</div><div id="a199995_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:593.742px;top:130.3px;">3</div><div id="a199998_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:663.795px;top:130.3px;">364</div><div id="a200001" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:146.3px;">Purchase of financial assets measured at fair value through<div style="display:inline-block;width:4.39px"> </div>other comprehensive income </div><div id="a200004_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:419.142px;top:148.2px;display:flex;">(77)</div><div id="a200007_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.315px;top:148.2px;">0</div><div id="a200010_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.515px;top:148.2px;display:flex;">(6,213)</div><div id="a200013_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.462px;top:148.2px;display:flex;">(6,290)</div><div id="a200016" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:161px;">Disposal and redemption of financial assets measured at<div style="display:inline-block;width:3.83px"> </div>fair value through other comprehensive </div><div id="a200017" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:172.8px;">income </div><div id="a200019_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:424.342px;top:172.8px;">79</div><div id="a200022_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.315px;top:172.8px;">0</div><div id="a200025_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.715px;top:172.8px;">4,451</div><div id="a200028_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:656.702px;top:172.8px;">4,530</div><div id="a200031" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:187.1px;">Net (purchase) / redemption of debt securities measured<div style="display:inline-block;width:3.75px"> </div>at amortized cost </div><div id="a200034_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:406.848px;top:187.1px;display:flex;">(3,021)</div><div id="a200037_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:503.382px;top:187.1px;">132</div><div id="a200040_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.515px;top:187.1px;display:flex;">(1,277)</div><div id="a200043_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.462px;top:187.1px;display:flex;">(4,166)</div><div id="a200046" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:202.2px;">Net cash flow from / (used in)<div style="display:inline-block;width:3.74px"> </div>investing activities </div><div id="a200048_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:406.848px;top:202.2px;display:flex;">(3,357)</div><div id="a200051_1_4" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:503.382px;top:202.2px;display:flex;">(33)</div><div id="a200054_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.515px;top:202.2px;display:flex;">(3,117)</div><div id="a200057_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.462px;top:202.2px;display:flex;">(6,506)</div><div id="a200060" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:218.7px;">Cash flow from / (used in) financing activities </div><div id="a200066" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:234.8px;">Net short-term debt issued / (repaid) </div><div id="a200070_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:234.8px;">23,828</div><div id="a200073_1_2" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:508.582px;top:234.8px;">17</div><div id="a200076_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:593.742px;top:234.8px;">0</div><div id="a200079_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:234.8px;">23,845</div><div id="a200082" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:251.4px;">Distributions paid on UBS AG shares </div><div id="a200084_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:406.848px;top:251.4px;display:flex;">(3,848)</div><div id="a200087_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.315px;top:251.4px;">0</div><div id="a200090_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:593.742px;top:251.4px;">0</div><div id="a200093_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.462px;top:251.4px;display:flex;">(3,848)</div><div id="a200096" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:267.5px;">Issuance of debt designated at fair value and long<div style="display:inline-block;width:1.4px"> </div>-term debt measured at amortized cost</div><div id="a200099" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:326.395px;top:268.1px;">3</div><div id="a200101_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:267.5px;">78,867</div><div id="a200104_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:496.288px;top:267.5px;">1,057</div><div id="a200107_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:583.808px;top:267.5px;">229</div><div id="a200110_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:267.5px;">80,153</div><div id="a200113" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:284px;">Repayment of debt designated at fair value and<div style="display:inline-block;width:3.87px"> </div>long-term debt measured at amortized cost</div><div id="a200117" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:335.848px;top:284.7px;">3</div><div id="a200119_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:402.115px;top:284px;display:flex;">(86,204)</div><div id="a200122_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:498.648px;top:284px;display:flex;">(776)</div><div id="a200125_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:579.075px;top:284px;display:flex;">(118)</div><div id="a200128_1_8" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:646.742px;top:284px;display:flex;">(87,099)</div><div id="a200131" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:300.1px;">Net cash flows from other financing activities </div><div id="a200133_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:414.408px;top:300.1px;display:flex;">(290)</div><div id="a200136_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:513.315px;top:300.1px;">0</div><div id="a200139_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:579.075px;top:300.1px;display:flex;">(263)</div><div id="a200142_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:659.062px;top:300.1px;display:flex;">(553)</div><div id="a200145" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:316.7px;">Net activity related to group internal capital transactions<div style="display:inline-block;width:3.78px"> </div>and dividends </div><div id="a200147_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.048px;top:316.7px;">2,984</div><div id="a200150_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:491.062px;top:316.7px;display:flex;">(1,307)</div><div id="a200153_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.515px;top:316.7px;display:flex;">(1,677)</div><div id="a200156_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:673.728px;top:316.7px;">0</div><div id="a200159" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:332.3px;">Net cash flow from / (used in)<div style="display:inline-block;width:3.74px"> </div>financing activities </div><div id="a200161_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:332.3px;">15,336</div><div id="a200164_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:491.062px;top:332.3px;display:flex;">(1,009)</div><div id="a200167_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.515px;top:332.3px;display:flex;">(1,829)</div><div id="a200170_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:332.3px;">12,498</div><div id="a200178" style="position:absolute;font-family:'Frutiger';font-weight:bold;font-style:normal;color:#000000;left:3.679px;top:363.8px;">Total<div style="display:inline-block;width:4.32px"> </div>cash flow </div><div id="a200184" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:379.1px;">Cash and cash equivalents at the beginning<div style="display:inline-block;width:4.16px"> </div>of the year </div><div id="a200186_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:379.1px;">39,598</div><div id="a200189_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:491.528px;top:379.1px;">62,551</div><div id="a200192_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.982px;top:379.1px;">17,655</div><div id="a200195_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:647.208px;top:379.1px;">119,804</div><div id="a200198" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:395.7px;">Net cash flow from / (used in) operating, investing<div style="display:inline-block;width:3.84px"> </div>and financing activities </div><div id="a200201_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:406.848px;top:395.7px;display:flex;">(2,905)</div><div id="a200204_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:491.528px;top:395.7px;">23,619</div><div id="a200207_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.982px;top:395.7px;">21,859</div><div id="a200210_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:395.7px;">42,573</div><div id="a200213" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:411.8px;">Effects of exchange rate differences on cash and<div style="display:inline-block;width:3.77px"> </div>cash equivalents </div><div id="a200215_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:412.048px;top:411.8px;">2,706</div><div id="a200218_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:496.288px;top:411.8px;">7,171</div><div id="a200221_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:576.715px;top:411.8px;">1,175</div><div id="a200224_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:651.968px;top:411.8px;">11,053</div><div id="a200227" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:3.679px;top:427.4px;">Cash and cash equivalents at the end<div style="display:inline-block;width:3.9px"> </div>of the year</div><div id="a200228" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:normal;color:#000000;left:181.142px;top:428px;">4</div><div id="a200230_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:407.315px;top:427.4px;">39,400</div><div id="a200233_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:491.528px;top:427.4px;">93,342</div><div id="a200236_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:571.982px;top:427.4px;">40,689</div><div id="a200239_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:normal;color:#000000;left:647.208px;top:427.4px;">173,430</div><div id="a200242" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.664px;top:443.9px;">of which: cash and balances at central banks </div><div id="a200245_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:407.315px;top:443.9px;">34,283</div><div id="a200248_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:491.528px;top:443.9px;">91,638</div><div id="a200251_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:571.982px;top:443.9px;">32,167</div><div id="a200254_1_7" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:647.208px;top:443.9px;">158,088</div><div id="a200257" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.664px;top:460.5px;">of which: loans and advances to banks </div><div id="a200259_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:412.048px;top:460.5px;">4,085</div><div id="a200262_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:496.288px;top:460.5px;">1,695</div><div id="a200265_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:576.715px;top:460.5px;">8,148</div><div id="a200268_1_6" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:651.968px;top:460.5px;">13,928</div><div id="a200271" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:12.664px;top:476.6px;">of which: money market paper</div><div id="a200272" style="position:absolute;font-family:'Frutiger 47 CN';font-size:6.148px;font-weight:light;font-style:italic;color:#000000;left:123.382px;top:477.2px;">5</div><div id="a200274_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:412.048px;top:476.6px;">1,032</div><div id="a200277_1_1" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:513.315px;top:476.6px;">9</div><div id="a200280_1_3" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:583.808px;top:476.6px;">374</div><div id="a200283_1_5" style="position:absolute;font-family:'Frutiger 47 CN';font-weight:light;font-style:italic;color:#000000;left:656.702px;top:476.6px;">1,415</div><div id="a200286" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:492.1px;">1 Cash flows generally<div style="display:inline-block;width:4.12px"> </div>represent a third<div style="display:inline-block;width:1.52px"> </div>-party view from<div style="display:inline-block;width:3.62px"> </div>a UBS AG consolidated<div style="display:inline-block;width:4.25px"> </div>perspective, except<div style="display:inline-block;width:3.94px"> </div>for Net activity<div style="display:inline-block;width:3.46px"> </div>related to group<div style="display:inline-block;width:3.94px"> </div>internal capital transactions<div style="display:inline-block;width:4.58px"> </div>and dividends.<div style="display:inline-block;width:10.51px"> </div>2 Includes cash<div style="display:inline-block;width:3.81px"> </div>proceeds from the </div><div id="a200292" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:502px;">sale of the majority stake<div style="display:inline-block;width:3.47px"> </div>in Fondcenter<div style="display:inline-block;width:3.63px"> </div>AG and dividends received<div style="display:inline-block;width:3.61px"> </div>from associates.<div style="display:inline-block;width:10.08px"> </div>3 Includes funding from<div style="display:inline-block;width:3.84px"> </div>UBS Group AG to<div style="display:inline-block;width:3.61px"> </div>UBS AG.<div style="display:inline-block;width:9.3px"> </div>4 Balances with an original<div style="display:inline-block;width:4.07px"> </div>maturity of three months<div style="display:inline-block;width:3.62px"> </div>or less. USD </div><div id="a200292_204_5" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:653.737px;top:502px;">3,828</div><div id="a200292_209_2" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:672.653px;top:502px;">m </div><div id="a200296" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:512.4px;">of cash and<div style="display:inline-block;width:3.96px"> </div>cash equivalents<div style="display:inline-block;width:4.57px"> </div>were restricted.<div style="display:inline-block;width:11.83px"> </div>5 Money<div style="display:inline-block;width:3.74px"> </div>market paper<div style="display:inline-block;width:3.95px"> </div>is included<div style="display:inline-block;width:3.62px"> </div>in the<div style="display:inline-block;width:4.1px"> </div>balance sheet<div style="display:inline-block;width:3.8px"> </div>under Financial<div style="display:inline-block;width:3.95px"> </div>assets at<div style="display:inline-block;width:3.79px"> </div>fair value<div style="display:inline-block;width:4.45px"> </div>held for trading,<div style="display:inline-block;width:4.58px"> </div>Financial assets<div style="display:inline-block;width:3.95px"> </div>measured at<div style="display:inline-block;width:3.79px"> </div>fair value<div style="display:inline-block;width:3.78px"> </div>through<div style="display:inline-block;width:3.46px"> </div>other </div><div id="a200300" style="position:absolute;font-family:'Frutiger 47 CN';font-size:8.512px;font-weight:light;font-style:normal;color:#000000;left:3.679px;top:522.4px;">comprehensive income,<div style="display:inline-block;width:3.6px"> </div>Financial assets at fair value<div style="display:inline-block;width:3.65px"> </div>not held for trading and Other<div style="display:inline-block;width:3.78px"> </div>financial assets measured<div style="display:inline-block;width:3.8px"> </div>at amortized cost.</div></div> -14883000000 24661000000 26804000000 36581000000 0 3000000 43000000 46000000 14000000 0 660000000 674000000 714000000 162000000 697000000 1573000000 361000000 0 3000000 364000000 77000000 0 6213000000 6290000000 79000000 0 4451000000 4530000000 -3021000000 132000000 -1277000000 -4166000000 -3357000000 -33000000 -3117000000 -6506000000 23828000000 17000000 0 23845000000 3848000000 0 0 3848000000 78867000000 1057000000 229000000 80153000000 86204000000 776000000 118000000 87099000000 -290000000 0 -263000000 -553000000 2984000000 -1307000000 -1677000000 0 15336000000 -1009000000 -1829000000 12498000000 39598000000 62551000000 17655000000 119804000000 -2905000000 23619000000 21859000000 42573000000 2706000000 7171000000 1175000000 11053000000 39400000000 93342000000 40689000000 173430000000 34283000000 91638000000 32167000000 158088000000 4085000000 1695000000 8148000000 13928000000 1032000000 9000000 374000000 1415000000 3828000000